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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( R e l e a s e d ' f o r P u b l i c a t i o n F r i d a y morning:, March ' 2 1 ; not e a r l i e r ) " H.ii.l March 2 0 , l^kl CONDITION OF THE FEDERAL RESERVEftiNKS^ \During the week* ended. iSarcii I9'memb>er bank" reserve*balances" increased $96;000,000;- Additions to member banjc reserves arose from decreases of $716,000,000 in Treasury deposits with Federal Reserve Banks, $88,000,000 in money in circulation and $15,000/000 in nonmember deposits}and other Federal Reserve accounts and an increase of $10,000,000 in gold stock,-Offset in part by a decrease of $733,000,000 in Reserve Bank credit. Excess reserves of member banks on March 19 were estimated to be approximately $7-30,000,000. '• . Holdings'of loans,* discounts and advances decreased $3,000,000 and* of United States Government securities $836,000,000/' The decrease in holdings of United "States ^Government securities reflects decreases of $^^9,000,000 in bills, $285,000,000 in certificates and $93,000,000 in notes. Changes in member bank reserve balances and related, items-during the week and the year ended "March 19; 19U7, were as follows t Increase or decrease • - since March 19, March 20, March 12, *9^ 19U7 19U7 (In millions of dollars) U,,S. Government securities Loans, discounts and advances •• Other Reserve Bank credit 22,Ull 235 U01 Total Reserve Bank credit Gold stock ; Treasury currency • [ ," 23,oU7 20.U13 U,557 iviember bank r e s e r v e b a l a n c e s Llonoy i n c i r c u l a t i o n Treasury-cash T r e a s u r y * d e p o s i t s w i t h F*R#: Banks Nonmember d e p o s i t s and o t h e r F t R,acepunts 15.9U3 28,21*2 1,335 713 l,78lt '+ 836, 3. 107' + 181 - 250 - " 5- - 733; - 2+36 +. 10 + 180 + QO + .96 - -• ."'88 -. 716 15 • + 353 - 932 61 + lh ff.lu^(a) STATEMENT OP 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 1or decrease since March I 9 , 19^7 March 12, I9U7 March 2 0 , 19U6 ASSETS Gold c e r t i f i c a t e s Redemption fund for F. R. n o t e s T o t a l 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 U.S. Govt, s e c u r i t i e s s Bills Certificates Notes Bonds T o t a l U. S. Government securities lit, 819,5148 6,1486,618 551,800 - 755,590 -1*59,209 -2814,500 ' - 92,500 22,1411,156 -856,209 - 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 22,6)46,065 102 1114,505 2,879,60I* 52,252 140,627 -859,575 -.+ 6,772 « +1469,0614 - TOTAL ASSETS 18,37l,u27 792,518 19,165,7145 , 55IU56 ' 255,869 i,ol*o + + + 1,U99 908 2,1407 + - 5,1*56. 5,365 +1,082,367 + 5,275 +1,087,61*2 . 2,612 - 2149,691 I489 1 - +1,188,6148 - 217,296 -1,005 ,.000 - 11*9,552 181,200 1*31,380 8 29,596 + .1*91. ull* 992 9,171* 8,326 145,211,556 -361*, 102 _ +1,105,1*9U 214,219,725 - 83,671 l5,9lA861i 712,555 515,552 6514,981 17,805,752 2,1*79.176 + 96,00'i -716,7U8 - 9,963 - 15,215 -6113,923 +362,991 11,687 658 -565,261 + 112 +1,019,970 + + + + 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 aqcount 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 Capital paid in 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 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. note ."' 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 loans l*l*,5ii*,5liO 190,901 139,825 . 27,1^55 38,817 145,211,536 1*5. # • 9,007 8,205 39 + 1,120 -5614,102 +. 207,5914" : + + + + '1459,258 61,579 255,666 155,527 3l5,7Uo U96,72l4 9,931 81,1*68 27 5,902 +1,105,1*91* . 870 + 205 1 + '+ 2.i 9,007 6,251* H.U.i(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH I 9 , I9I4.7 ( I n thousands of d o l l a r s ) A S S E T S Total Gold c e r t i f i c a t e s 18,371,1+27 Redemption fund f o r F. R. notes T o t a l gold 792,318 Boston New York 721+,l49- 6,21+3,716 55,516 119,718 19,163,71+5 779,665 6,565,1+54 Phila. Cleve. Rich. 83l+,7l+5 1212,071 1019,1+22 59,751+ 76,268 60,180 Atlanta Chicago S t , L o u i s 950,270 2805,61+1+ Minn. Kans.Cy. D a l l a s SanFran, 577,602 366,565 656,992 ll+l+,950 46,056 21,1+56 35,681 995,3912950,574 625,658 588,001 690,675 15,621 17,765 7,700 15,595 10,118 9>865 68.8,11+0 liHi,i2)| 350,713 189,696 19,021 10,288 1+0,751+ 22,032 693,088 3:8,875 16,752 35,871+ 551,057 11+83,582 290,551 627,551+ 15,758 31+.021+ 53,71+7 72.861+ 1+5,121 I+53,387 2526,86U 2l+,67Q 105,008 certificate reserves Other cash Discounts and advances 53l+,!+56 233,869 I n d u s t r i a l loans U. S. Govt, s e c u r i t i e s j I11]8 . Certificates lote/ 1)0^0 29,805 2o,o85 21 14,819,51+8 92l+,5l+l 6,1+86,618 1+35,712 351,300 23,631 755,590 50,606 894,499 1288,559 1079,602 68,638 61,596 2l|,703 13,956 — 1,019 55,298 2o,597 15,986 16,608 25,81+1+ 6,2ol+ 1+2,200 30,2oo 5,044,621+ 1075,961 1569,510 901,927 761,680 2913,111+ 1.669,682 >!+??,5l+6 571,050 598,956 535,567 831,158 90,555 25,889 30,970 21,636 18,199 45,077 195,926 55,1+1+2 66,322 l;6,35l+ 58,971+ 96,555 :: T o t a l U. S . Government securities 1+78,057 2651,872 13,202 1+.721+ 1+7,31+1 16,698 " 22,1+11,156 1434,490 l+,998,787 1632,658 2057,852 1568,855 1154,1+20 5885,881+ 1098,608 656,11+0 105l+,587 891,115 2217,821+ 22,61i6,.o65 11+54,596 5,060,585 161+7,595 2058,429 1585,41+1 1166,621+ 5916,081+ 1116,571 651,755 1064,1+50 895,857 223l+,522 T o t a l loans and securities Due from f o r e i g n banks F . R . n o t e s of o t h e r banks uncollected items Bank premises Other assets TOTAL ASSETS .lo2 1^,505 6 l / 3 5 2,888 15,805 2,'879,'6qi+ 256,686 32,252 1,287 1+0,627 2,65l+ 525,505 8,1+22 9,882 8 6,268 .9 5,61+3 185,226 5,11+6 2,1+50 261,760 5,851 3,891 5 • U 19,996 ll+,650 272,055 2,672 2,353 209,2o6 1,519 2,527 H+ 12,229 h 7,166' 5 1+,1+12 1+ 6,01+0 1+70,126 150,50I+ 5,0i+5 2,005 5,646 2,1+51; 75,257 1,235 l,2pl li+0,666 2,509 _ 1,922 5 i+,5l+l 9 15,069 111,859 262,758 789 1,776 1,81+1 4,026 l+5,2ll,.536 2507,567 12,050,098 2765,895 5655,200 2778,108 21+09,565 7599,916 1897,761 1129,51+1+ 1916,582 1505,929 5197,573 l/ After deducting $69,000 participations of other Federal Reserve Banks. H.l+.l(c) STATEMENT-OF CONDITIOF OF THE'FEDERAL RESERVE BANKS OH MARCH 19-* 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 New York Phila* CI e v e . Rich. A t l a n t a Chicago St .Louis Minn. Kans.Cy. Federal Reserve n o t e s 24*219,725 114*6.667. 5,530,855 1 6 5 3 ^ 9 0 2079,1+88 170l+,8l+l+ 1394,531 1+1+92,898 1090/121 , 5 9 1 , 1 7 8 910,1+1+8 Deposits* ,.,. . ....' ... , , . ; ' . ' + . "~ • "" "" Member b a n k - r e s e r v e a c c t . 15,9l+2,86i|~ 7 1 3 , 8 1 ^ k,952-,5&t 80^,555 1165,058 72l+,138 757,51+9 2281*801+ .596,262 1+0?,566 793,230 U . S . T r e a s u r e r - g e n e r a l a c c t . 712,555 53.01+0 189,801 1+1,028 61+,7l+5 1+7,319 28,758 93,ll+7 '39,51+7 ' S1+V936 35,878 Foreign 513,352 32,209 l / l 7 5 , 6 & 2 1+0,1+21+ 1+6,1+13 2k Ash 20,1+61 67,872 17il+67 12,1+76 17,1+67 other 63i+,98l . 2,991+ 550,1+91+ l+,205 7,219 3,637 1,735 5,672. 6^550 1,938 2,367 Total deposits 17*805,752 802,087 5,866^1+1+ 890,212 1283,1+35 799,51+8 788,503 21+1+8,1+95 659,626 1+56,716 8l+8,9i+2 D a l l a s SanFran. 579,917 271+5,088 •••• 755,731 2010,710 58,538 25,968 1+5,958 16,1+69 1+7,312 858 799,076 2160,568 102,01+8 228,628 Deferred a v a i l a b i l i t y items 2,1+79,176 213,1+^9 432,71+2 1;62>772 226*866 238,ll+8 196,575 .362,ll+l 121,909 . 6 2 , 8 3 2 : 150,976 Other l i a b i l i t i e s i n c l u d i n g <•' " ', accrued dividends 991+ 11.687 677 3,023 -733 1,152 570 508 2,199 1+55 1+38 1+51 1+87 TOTAL LIABILITIES l+i+,511+,31+0 21+62,920.11,833,161+ 2707,1+07 5590,91+1 271+5,110 2380,117 7505,733 1872,111 1111,212+1-390,817 11+21,528 5135,273 17,821 Capital paid .in .... ' 190,901 "11,160 67,219 H+,165 18,61+1 3,051 7,27i+ 22,751 6,288 1+,186 '" 6,308 7,037 58,106 Surplus (Section 7} 1+39,825 27,557' 156,51+9 5l+,720 1+1,591+ 20,676 10,665 65,078 16,577 10,997 15,729 15,777 Surplus (Section 15b) 2,11+0 27,1+55 5,012 7,253 4,1+89 1,007 3,325 762 1,1+29 521 1,073 1,137 1,307 Other capital accounts l+,028 • 38,817 2,918 5,915 3,112 5,217 2,9l+6 2,71+9 l+,925 2,261+ 2,071+ 2,591 2,230 TOTAL L I A B I L I T I E S AND C O I T A L ACCOUNTS- 1+5,211,556 2507,567 12,050,098 2765,895 5655,200 2778,108 21+09,565 7399,916 1897,761 1129,51+1+ 1916,582 1505,929 5197,575 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 9,007 '577 2/2,882 750 858 1+1+1 569 1,225 515 225 515 297 795 Commitments t o make i n d u s t r i a l •• loans 3,205 1,21+2 1,689 71 — 380 1+,200 1+50 173 F. R. notes outstanding 2l+,9l6,305 l!+85,722 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. A g e n t s ; Gold certificates 10,785,000 1+05,000 E l i g i b l e paper 80,280 11,650 U . S. Govt, s e c u r i t i e s 15,320,31+91100,000 Discounts and advances I n d u s t r i a l loans U. 3 . Govt, s e c u r i t i e s Total 235,869 1,01+0 22,1+11,156 5,707,907 1701,130 2131,711+ 17l+6,32i+ 11+55,722 1+565,270 H2l+,957 604,522 5,1+70,000 525,000 61+5,OOQ 625,000 5 9 0 , 0 0 0 1 6 9 0 , 0 0 0 500,000 19,1+20 5,260 — 10,150 — — 13,150 2,1+00,000 1200,000 1500,000 1160,000 900,000 2900,000 935,31+9 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 181+,000 • 230,000 12,500 5,250 4 2 5 , 0 0 0 : 700,000 Within 15 days 95,666 970 1+.171+.521 929,981 601,854 2335,1+1+2 169,0001900,000 — 5,100 500,0001600,000 6 months 61 to 2 to 5 91 days t o 1 to 2 to 1 year 90 days years 6 months years .750 153,615 5, 15 7 7 32 1+ 5 2,214,832 11.603,705 l+,39I,3l+6 2,073,129 5,399,983 320,1+00 11+3,550 1+,391,51+6 l / i i ' t e r d e d u c t i n g $359,360,000 p a r t i c i p a t i o n s of o t h e r Feuer?.l Reserve Banks. 2 / After deducting $0,125,000 p a r t i c i p a t i o n s of o t h e r r e d e r a l Rssarvo Banks. 16 t o 50 days 31 to 60 d a y s Over 5 years >80 ,01+0
@FedFRASER