The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, June 6;-not earlier) H.ua June 5, I9J4.7 -CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June l± Member bank reserve balances increased $216,000,000. Additions to'member bank reserves arose from increases of $215,000,000 in Reserve Bank credit and $58,000,000 in gold stock and decreases of $98,000,000 in Treasury deposits with Federal Reserve Banks and $6,000,000 in Treasury cash, offset in part by increases of $50,000,000 in money in'circulation and $113,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member'banks on June 1; were estimated to be approximately $670,000,000. Holdings bf loans, discounts and advances increased $1^3j000,000 and of United States Government securities $170,000,000. The increase in holdings of United States Government securities reflects increases of $95,000,000 in bills and $81^000,000*in. certificates and a clecrease of $8,000,000 in bonds. Changes in member bank reserve balances and related items during the week and the year ended'June !+, lykl, were as follows j Increase or decrease since June k, 19U7 May 28, 19U7 June 5> 19^6 (In millions of dollars) + 170 + U3 + £ - 1 ,020 78 — 117 22,23^ 20,990 U..561 + 215 + 58 --- - 1 ,216 + 718 + -27 15,921 28,261 1,366' + 216 + 50 6 - 98 + 113 + + + - U. S. Government securities Loans, discounts and advances Other Reserve Bank credit 21,760 Total Reserve Bank credit lro\d stock Treasury currency Member bank reserve balances Money in circulation treasury cash T.-oa.sury deposits 'with F. R# Banks Nonmember deposits and other F.R.accounts 175 299' 653 1,585 122 102 919 259 3k H.2*.l(a) STATEMENT 'OF CONDITION; OF THE TWELVE^FEDERAL RESERVE BANKS COMBINED' ( I n thousands .of d o l l a r s ) I n c r e a s e or decrease since June Ij., 19U7 May 2 8 , 19^7 I9,021i,678 712,U15 19.737,093 229,759 173,716 1,699 — + 50,000 - 1,638 + 2*8,362 — +1,61*5,771 35,003 78,472*. + 431 H,193 11*,662,305 6,001,266 369,300 727,390 + 9U.892 + 83,5U8 — - 8,000 + 802,381 - 267,604 -1,378,900 - 175;552 21,760,261 •170,hho -1,019,675 21,935,676 102 87,526 2,376,669 32,006 ' . J49J45U +212*, 093 -1,108,911 - 11,322 +167,278 29" 792 1*14,1*1*8,285 June 5, I9I46 ASSETS Gold c e r t i f i c a t e s Redemption fund f o r F. R. n o t e s Total gold c e r t i f i c a t e r e s e r v e s Other cash Discounts and advances I n d u s t r i a l loans Acceptances purchased U. S. Govt, s e c u r i t i e s ; Bills Certificates Notes Bonds Total U.S, Government securities T o t a l loans and s e c u r i t i e s Due from f o r e i g n banks F, R, n o t e s of o t h e r banks U n c o l l e c t e d items Bank premises Other a s s e t s TOTAL ASSETS - 2,835 • 1+3,557 + 96 +1,680,623 3li,852 + + 17 22,12*8 188,266 997 6,092 •Mil, 7 55 + 660,903 21;, 130,578 +20,1*20 +! 26,24*1 15,920,609 653,003 510,301; . U2|6tiQ72' +215,160 - 98,01*9 +107,580 + 2,825 17,529*988 2,075,065 .+227,516 +165,735 + 121,796 + 258,81*5 - 108,201 l,2t58 + + 273,898 + 29l*,86i* 13,658 1*02 2*3,752,289 +1*13,269 + '595,12*2 191,1*60 1*39,823 27,U55 37,258 56 + 9,356 + • •81,1*68 + 27 25,090 mmmm L I A B I L I T I E S F e d e r a l Reserve n o t e s Deposits! Member bank - r e s e r v e account U . S . T r e a s u r e r - g e n e r a l account Foreign Other Total deposits Deferred a v a i l a b i l i t y items Other l i a b i l i t i e s i n c l u d i n g accrued dividends TOTAL LIABILITIES C A P I T A L ACCOUNTS C a p i t a l paid i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS R a t i o of gold c e r t i f i c a t e r e s e r v e s t o d e p o s i t and F . R . n o t e l i a b i l i t i e s combined Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n c o r r e s p o n d e n t s Commitments t o make i n d u s t r i a l l o a n s 1*1*, 1*1*8,285 1,2+30 +2; 114,755 h'lM 6,296 5,528 - • + + 206 175 + + . 61 660,903 3.79S 6,296 107 H.l+.lfb) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 1+, 19^7' (In thousands of dollars) A S S E T S Gold certificates Redemption fund for F. K. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U.S. Govt, securities: Bills Certificates Notes Bonds Total Boston New York 19,02^,678 707,59k 5,572,61+7 712,1+15 51,1+67 115,1*13 19,737,093 229,759 173,716 1,699 762,061 5,688,060 20,71+8 1+5,61+U 1+8,851+ Phila. Cleve. Rich. Atlanta 776,285 1171,581+ 972,163 59,656 7l*,9l*9 5l*,3H Chicago St.Louis 929,561+1+550,683 Dallas SanFran. 31*5,51*8 586,1+37 1+1+3,321 21+19,1,9^ 81,382 1+5,602 835,9^1 121+6,532 1026,1+71+ 973,1*67 1+632,06$ 15,866 19,510 19,870 27,55c 13,761 8,291+ 10,762 li+,996 8,755 20,97u 1,687 59l*,96o 366,795 11,733 17,363 6,009 5,3u5 619,771 1+67,667 2523,300 9,706 8,868 30,1+89 2,1+19 13,363 5,593 H+,662,305 976,587 3,811+,69l+ 1127,132 ll+7l+,859 966,332 798,71*1* H*55,l*05 71+2,1+98 1+35,072 6,001,266 1+12,971 1,535,950 1+26,529 539,503 369,796 308,383 801,51*7 309,801 171,60k 36^,300 9l+,518 26,371 33.199 22,756 18,977 1+9,325 19,061+ 10,560 25,1*13 727,390 50,051+ 166,167 51,9^1 65,391 1*1*,822 37,378 97,152 37,51*9 2o,800 71*3,1*23 586,216 l5U,3l+3 278,551 267,971 576,660 17,1m 16,1+90 35,1*86 33,762 32,1+79 69,895 16,998 12 1*3,903 51*9,358 Minn. Kans.Cy. 21,21+7' 33,331; 2l+,3l+6 103,806 Total U.S.Government securities 21,760,261 11+65,025 5,631,329 1633,973 2112,952 11+03,706 1163,1+82 21+03,1+29 1108,912 638,036 1072,877 Total loans and securities 21,935,676 1^32,035 5,680,183 1650,656 2123,71!^ 11+12,1+61 1171,776 2l+2i+,l+o3 1126,275 61+3,381 1086,21+0 905,575 2228,977 Due from f o r e i g n banks F . R . n o t e s of o t h e r banks U n c o l l e c t e d items Bank premises Other a s s e t s TOTAL ASSETS 102 87,526 2,376,669 32,006 1+9,1* 5u 6 2,81+6 19^,987 1,273 3,1*60 1 / 33 13,199 1+53,069 8,367 11,801 8 6,015 165,596 3,120 3,26o 9 6,1+1+6 212,206 3,803 l+,61+9 5 9,358 201,051 2,651 3,037 11+ 1+ 11,601 7,795 158,81+6 391,216 1,508. 3,037 2,723 6,821+ 1+ 6,131 112,067 .1,991 : 2,91+0 •1+ 3 3,327 6,035 57,180 126,735 1,227 2,1+91 2,268 1,1+21+ ' 903,156 2223,381+ 3 2,91*5 96,097 781 2,059 9 11,828 207,619 1,757 5,009 i+i+,1+1+6-,285 21+67,1+16 ll,90t),356 2680,1+62 3616,869 2668,798 2335,989 -71+96,715 1856,101 1079,31*6 1852,1+12 li+8l+,833 5008,988 l / After deducting $69,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 1+, 191+7 ( i n thousands of d o l l a r s ) L I A B I L I T I E S Total Boston F e d e r a l Reserve n o t e s 24,150,578 11+50,872 Deposits* Member b a n k - r e s e r v e a c c t . 15,920,609 71^,255 U . S . T r e a s u r e r - g e n e r a l a c c t . 653,005 19,582 Foreign 510,504 31,1+57 other 41+6,072 2,545 Total deposits 17,529,988 191 Ml Deferred availability items 2,078,065 Other liabilities including 175,571 15,658 81)4 accrued d i v i d e n d s TOTAL LIABILITIES Capital p a i d i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 15b) Other c a p i t a l a c c o u n t s TOTAL LIABILITIES AND 45,752,289 2422,704 191,460 ' 11,170 459,825 27,557 27,1+55 5,012 37,258 2,975 New York Phila. Cleve. R i c h . A t l a n t a Chicago St.Louis 5,564,091+ 1656,194 2072.851+ 1658,827 1373.236 4507,551+ 1076,509 Minn. Kans.Cy. 588,910 907»5U 1+,978,551 214,151 1/176,958 575,918 5,71+5,578 569,910 781,688 1194,071 25,965 47,855 59,698 45,579 2,722 9,512 850,075 1296,815 720,527 35,464 24,015 5,088 785,094 722,959 2375,221 35,969 109,798 20,094 66,654 2,862 4,057 779,884 2555,710 580,952 45,508 17,15^ 6,590 650,204 388,615 18,628 12,255 2,577 421,875 .761,845 ' 56,549 17,154 1,1+51+ 816,982 156,824 191,199 152,847 103,061+ 49,900 101,731+ 181,540 558,251 Dallas SanFran. 577,592 2716,645 71+6,379 1925,51+6 1+2,71+2 22,991+ 1+3,135 16,173 55,518 2,071 787,617 20l+4,7l+l 9l+, 706 184,519 505 606 5,976 1,215 2,012 570 404 564 1,570 889 705 11,685,558 2625,930 3552,579 2635,825 2506,573 7405,507 1830,347 1061,087 1825,791 1460,418 491+7,120 7,091 17,860 67,358 14,208 18,715 8,070 7,305 22,801 6,513 4,208 6,535' 15,777 38,106 T56,5!+9 5^,720 4l,59l+ 20,676 18,665 65,078 16,577 10,997 15,729 1,507 2,140 1,1+29 521 1,073 1,137. 7,255 1+.1+39 1,007 3,325 762 2,240 5,762 5,658 5,065 5,174 2,902 2,688 4,100 2,545 1,931 2,572 CAPITAL ACCOUNTS 1+4,1+48,285 2 4 6 7 , 4 l 6 11,900,556 2680,462 5616,869 2668,798 2555,989 71+96,715 1856,101 1079,51+6 1852 ,412 1484,355 5008,988 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents * 6,296 405 2/2,015 510 536 509 258 856 220 157 220 208 55l+ Commitments t o make i n d u s t r i a l 167 5,528 — — 967 1,599 85 27 55 2,200 — 450 loons F . R. notes o u t s t a n d i n g 24,757,502 1476,964 ' 5,703,580 1685,556 2119,157 1710,751+ 11+09,353 4573,529 1111,1+1+1 602,556 C o l l a t e r a l f o r F . R. n o t e s h e l d by F . R. Agents* Gold c e r t i f i c a t e s 12,055,000 455,ooo 5,470,000 500,000 .545,000 690,000 590,000 5000,000 500,000 i84,ooo E l i g i b l e paper 114,575 15,605 1+0,178 15,250 — 7,637 — — 16,600 4,800 U. S. Govt, s e c u r i t i e s 15,530,177 1100,000 2,400,000 1200,000 1500,000 1055,000 350,000 1600,000 950,177 425,000 925,555 597,240 2812,172 230,000 12,600 700,000 169,000 1750,000 5,675 500,000 1500,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Discounts and advances I n d u s t r i a l loa.ns U. S. Govt, s e c u r i t i e s Total 175,716 1,699 21,760,261 Within 15 days 159,255 1,158 5,569,265 2 to 5 51 t o 6l to 91 days t o 6 months 1 to 2 16 t o years 60 days 90 diiys 6 months to 1 year years 50 days ll+,692 2,500 17,1+91 550 5 55 29 53 108' • 5 : 11+8,550 4 , 4 7 6 , 2 0 9 5,336,505 905,603 3,366,551+ 520,4oo 3,083,555 l / A f t e r d e d u c t i n g $555,269,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Bail's, "2*/After d e d u c t i n g $4,281,000 p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks. Over 5 years 55h, 040
@FedFRASER