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(Released f o r r e p l i c a t i o n .Friday morning, March 5* 19^8)
iarch k,
H.I4..I
19hS
'CONDITION GO TUB FED3>^L lu^ERYL BANKS
During £he week ended March 3 me Fiber bank r e s e r v e b a l a n c e s i n c r e a s e d
$753 ,.000,000. A d d i t i o n s t o member bank r e s e r v e s a r o s e from decreases of
$702,'000,030 'in T r e a s u r y d e p o s i t s w i t h f e d e r a l Reserve Barnes and $30,000,000 i n
money i n c i r c u l a t i o n and i n c r e a s e s of $li.ji r ,000,000 i n Reserve Bank c r e d i t ,
08,000,000 i n gold s t o c k ; a n d $2,000,000 i n Treasury c u r r e n c y , o f f s e t .%n p a r t by
I n c r e a s e s , of $126,000,000 in-n£nmember d e p o s i t s sad orher F e d e r a l Reserve
accounts ,and *'07*000,-000 i i r - T r e a s u r y c a s h , 3zc3ss r e s e r v e s of member banks on
.March 3 were e s t i m a t e d t o be ..approximately $1,070,0(0,000.,
Holdings of l o t o s , d i s c o u n t s and advances decreased $21,000,000 ,and
United S t a t e s G o v e r n m e n t ' s e c u r i t i e s 1 i n c r e a s e d $37*000,<00 # The i n c r e a s e i n
h o l d i n g s of United. S t a t e s Government s e c u r i t i e s r e f l e c t s d e c r e a s e s of
3^9,000,000 i n c e r t i f i c a t e s and $12,000,000 i n b i l l s and i n c r e a s e s of $51;, 000,000
i n bonds'and'$'53,000,000 in n o t e s .
Changes i n member bank r e s e r v e b a l a n c e s -and itelated- items d u r i n g t h e weel
md t h e year ended March 3 , 19^8/ were as f o l l o w s -
Increase- or ;de'crease
since
Liarca J ,
19^
February 2 5 ,
19U3
March 5#
19147
( I n m i l l i o n s of d o l l a r s )
U. S # Government s e c u r i t i e s
Loans, d i s c o u n t s and^ advances
Other Reserve Bank c r e d i t
21,071
2c2;518
Total Reserve Bank c r e d i t
Gold s t o c k
Treasury c u r r e n c y
21,8-51
23,036
member bank reserveObalanoes
Money in c i r c u l a t i o n
Treasury c a s h
T r e a s u r y d e p o s i t s Jwr'ith i'V K# Baoaks
Konmember d e p o s i t s ' and o t h a r F # R # accounts
17/552:
26,02i|
i,35395^
1,58U
*
+
y\
21
128
-2,171
+
22
+ 196
+ •llik
+
8
+
2
-1,953
+2,660
+
2
+
+
+
+
753
30
7
702
126
+1,622
- 311
+'
2
, - ' U53
- 150
HJi.l(a)
STAtSL^ET OF C OIL IT I ON
0?' -THE'pvELVB' F ^ D S ^ V L ES33HVE -BAMS QafflBJED
( I n thousands of d o l l a r s )
I n c r e a s e or decrease
since
Larch J ,
19U0
February 25,
_191J3_
March 5 #
19*;7__
A S S B.,T,S
Gold certificates
Redemption fund for F. R# notes
Total gold certificate reserves
Other cash
Discounts and advances
Industrial loans
U. 8. Govt, securities:
Bills
Certificates
Notes
Bonds
Total U» S« Government
• Securities
21,1141,170
638,2p8
21,779,3f78
372,68 5
25.7,66u
14,708
+u5,ooo
-Ul,82il '
+ 3,159
+ 14,805
j-21,^85 '
J J S
+2,770,995
- 15U, 97i+
+2,616,019
+
39,200
+
18,611
+
3,727
.9.270,911
u,30ii,325
l,77li,6oo
5,721,170
-ll,9ii2
-57,558
+52,.75P
+
5ia',l2Q
^5,789,157
-"2,679,593
+1,33:0,300
+*u, 9$7,730
21,071,296
+37,370
-2,170,670
Total loans ahd securities.
Due from foreign banks
F. R# notes of other banks
Uncollected items '
Bank, premises
Other ..assets
21,333,578
95
>16,2[|0
.,- -
TOTAL ASSETS
-i r\ -
lc 3,
T
^> ,-N /
dijo
2,760,773
32,339
+
,1148,332
7
12,955
•f
^48/4,1-1^6
+
607
105,053
52
+ 2,062
+
^6,552,1^0
-15.U70
+1..109.951
2U,03^,368
-51,127
-
;
1 r~ 0
on<>
L I A B I L I Tl[ S S^
Federal Reserve-notes
Deposits:
Member bank-reserve account
U.S#Treasurer-generalJaccount *
Foreign
;
Other
Total deposits
Deferred availability items
Other liabilities including ..accrued
dividends
TOTAL LIABILITIES'
.,
.. ^
C A P I T A L A: C C" 0 U .** T / S - \
C a p i t a l paid iii
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 a c c o u n t s
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 cbmbined
Contingent l i a b i l i t y on b i l l s purehased
for foreign correspondents
Coimrdtments to, make . i n d u s t r i a l , J o a n s
.17,551,510 +752,250..
955,950 . - 7 0 2 , 0 2 5 . '
57.6,272 +129^,51.1
; uU6,6u5 - 3,710
l9,532,i;07 +176,026
'2,211.3,355 -163,019
303,li0i
+ 1,621,996
-" 1; 53,237
.+. I82,7ii3
- 26U,ooU
+ 1,087,i:-98
-*7 289,127
830
> 18,950
+
3,561;
+ 1,076,788
133
197,517 '+
Uu8,i;n9
- - 27,5^3
.54,252 • 3,314.7
u6,552,ul»8 - 15,1+70
: ; 6,700
+
-8,366
? * -•
88
+-•
1:8,009
•
' ? ! . •109*951
.11;,817
h5,&li,9hl
1
5.2%
50. $
M36
7,952
+
51
2*2
14,593
197
Hj|.,l(b)
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH; 3 , igkQ
( I n thousands pf d o l l a r s )
A S S E T S
Gold certificates
Redemption fund for
F.R# notes
Total
Boston
New York
2l,il|i,i7o
7U3,6ll
6,85U,710
638,208
i,i«n mm 1 1 . -
Total gold certificate
reserves
Other cash
Discounts and advances
Industrial loans ?
U. 3 # Govt, securities:
Bills
Certificates
Uotes
Bonds
T o t a l U» S» Government
securities
in
n 1
.,
m
i
55,897
i i
I.I
i
•
Due from f o r e i g n banks
•
• •
m
Cleve #
Rich*
59.2U9 ." 7U,670
i
in
••
•
i«.
57,559
• n
i
•
799,508
21,071,206 11*16,1*93
Atlanta
icago S t . L o u i s
91*0,197 131*7,279 1020,1*58 1 0 ^ , 1 1 2 I4238,758
6,927,299 999,U*6 11*21,9149 1078,017
372,685
39,052
21*, 738 37,377
21,711*
7Q,92!i
32,926
61,707
21,351
19,793
257,661*
16,368
2ol*
753
U.708
1*6
9,270,911 623,230 2,222,996 662,219 888,003 602,091
l*,30l*,525 289,367 l,032,li*8 307,1*72 1*12,671* 279,553
1,771*, 600. 119,296
1*25,517 126,760 170,131 115,21*9
5,721,170 381*, 600 1,371,833 1*08,663 51*8,1*89 371,556
21,779,378
T o t a l loans and
securities
72,589
u
Phtla.
586,877
Minn. Kans.Cy,
1*17,135 756,906 1*92,528 2688,599
39,330" ,98,81*7 :;l*6,3l*0
i
i i •
IIMII
I W I «II
•
»j
i
n
i
i n
22,71*1
i
•
i«
•
•
35,306
f
•
56,657
21;, 310
16,528
19,250
8,0i*6
7,1*1*5
li*sp8l*
11,103
mi '"• ' m m
»•
U9>816
»i"
•
••
518,390 2738,1*17
ll*,92l
8,518
1*5,1*1*7
2li,li78
ii6U,779 1317,283 1*98,960 283,773 1*32,126 1*20, lh9 851*, 502
215,799 611,621 237,666 131,757 200,639 195,077 390,752
88,966 252,1U9 97,981
80,1*23 161,093
51*, 319 82,716
286,819 812,910 315,8.83 175,119 266,669 259,278 519,351
5,052,1*91*.1505,111* 2020/097 1368,itl*9 1056,363 2993,963 1150,1*90 61414,968 982,150
95I*,927 1925,698
21,333,578 11*36,286 5,Hl*,2qi 1527,2182053,227 I38i*,863 1070,1*83 3018,273 1169,71*0 652,1413- ;993,255" 963,1*1*5 1950,176
95
6
l / 31
8
9
' 5
6,877
20,052
T9,733 ' 6,9l*2
611,828 176,1*10 278,81*9 211,073
h * ' ' 13
3
13,591
15,561*
7,128
168,61*5 1*29,531 112,366
.2
3
'3
8
3,585' ~5,5l*3'
l*,57l*
ll,6oi*
59,850 li*0,707 1014,965 2145,253
Bank premises
32,839
1,231
8,202
3,171
1;,912
2,621;
1,553
3,050
1,961*
1,203
2,i*39
other assets
152,291;
10,323
35,762
10,1*79
Hi,883
9,920
7,729
21//62
8,681*
l*,6o2
6,938
i
•;
F.R. notes of other banks
.3.20,806
5,613
Uncollected items
-2.760,773 221,296
TOTAL ASSETS
25,862
'
1093,1*1*2 1*337,605 633,217 1*39,876 792,212
23,197
10,1*15
3,705
D a l l a s SanFran.
789
7,033
1,701
H*,179
1*6,552,1*1*8 2513,315 12,787,980 271*8,1*12; 3818,083 2728,268 2378,61*1* 7882,1*55 19^9*^30 1169,577 1955,179 l6ll*,12o 5006,785
l/After
d e d u c t i n g $61;, 000 p a r t i c i p a t i o n s o f - o t h e r F e d e r a l Reserve Banks,
H.ii.l(c)
LIA- B I L I T I S S
F e d e r a l Reserve n o t e s
Deposits-;
Member b a n k - r e s e r v e a c c t .
U.S.Treasurer-general a c c t .
ioreign
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
Capital 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 a c c o u n t s
TOTAL LIABILITIES AND
STATEMENT OF CONDITION OF THE FEDERAL REoIilRVE BANKS ON MARCH 3 , 19^8
( I n thousands of d o l l a r s )
total
Boston
New York
Phila.
Cleve.
Rich. A t l a n t a Chicago S t . L o u i s
2k, 031,368 11432,072 5,522,671*: 161*1,335 2o8l*,999 1661,205 131*9,1*33 1*551,001 1105,162
17,551,540
953,950
578,272
1*1*8,61*5
753,598
69,86ii
32,022
2,682
5,71*3,571
255,267
1/233,168
372,1*80
820,772 1298,873
39,921*
92,980
1*1,083
1*6,662
1,936
11,699
737,1*11*
73,835
2i|.,853
10,630
751,611 2673,715
61,1*1*0 130,1*91*
20,795
68,979
1,662
1,661
61*6,926 1*23,1490
1*7,01*2
1*5,918
18,259
12,680
5,6ol*
2,078
19,532,1*07
2,21*3,355
858,166
175,71*1
6,604,480
1*32,639
903,715 H*50,2ll4
11*3,861 2114,059
81*6,732
179,526
835,508 287l*,8l*9
161,955 355,822
717,831
98,721
ii*,817
906
3,5l4J*
Total
• 892
_ 1,749
8OI4
1*5,8214,9147 21466,885 12,563,3143 2689,803 3751,021 2691,267
197,517
11,301
69,017 :
114,525
18,930
8,381
1*2,173
21,210
138.596
35,350
1*1*8,189
28,117
3,011
1,006
27,51*3
4,489
7,319
3,^49
5l*,252
1*,001
It, 061
4,21*5
1*,955
9,705
CAPITAL ACCOUNTS
46,552,4482513,315
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
4,936
511
Commitments t o make i n d u s t r i a l
loans
7,952
F . R. n o t e s o u t s t a n d i n g
21*, 900,535 1507,239
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 I
Gold c e r t i f i c a t e s
13,219,000 1*1*0,000
E l i g i b l e paper
82,371
10,860
U. S. Govt, s e c u r i t i e s 12,700,000 1100,000
Discounts and advances
Industrial loans
U. S. Govt, securities
D a l l a s SanFran.
Minn. Kans.Cy.
617,31*2 931* ,1*1*1* 599,833 2531,868
Within
15 days
257,661*
119,716
1*,708
4,1*59
21,071,206 2,816,530
l/
2/
l*8l*,l66
1*8,266
823,1148
37,1*31*
17,752
2,51*5
880,879
112,169
823,380 2055,01*2
60,1*02
39,350
17,21*5
1*1*, 771*
31*,876
792
880,767 2195,091*
106,6214 213,972
.51*2
636
606
61*3
2,1432
736
1,327
1928,098
1587,960
1*91*2,261
23147,539 7781*,lol* 1922,350 1150,31,6
7,697
2l4,0l*l*
6,1*81
l*,-353
7,585
18,520
6,683
16,148
19,110
66,217
16,972
11,233
lit, 111
38,952
762
1,307
2,140
521
1,073
1,1*29
1,137
3,157
1*,912
5,306
3,536
2,602
3,113
6,661
12,737,980 27148,1412 3818,083 2728,26s 2378,61*14 7882,455 1949,630 1169,577 1955,179 l 6 i l * , l 2 o 5006,785
2/1,580
400
1*51*
2I42
202
671
178.
17a
580
1,064
1,579
139
359
31*1*
5,752,339 1693,31*1 2166,275 1721,950 1392,927 1*61*3,797 111*7.397
4,1*70,000 550,000 735,000 625,000 675,000 2760,000 315,000
16,11*1
9,865
- 9,320
14,145
1>500,000 1200,000 1500,000 1150,000 750,000 1900,000 950,000
MATURITY DISTRIBUTION OF LOAISAND SECURITIES
6 months
91 days t o
61 t o
31 t o
16 t o
t o 1 year
90 days
6 months
60 days
30 days
1*2,630
21
1,889,643
72,058
23
2,'546,606
23,150
21
2,601,761
90
U48
3,084,118
20
. I4
2,711*, 817
123
173
635,856
3,750
954,663
137
626,964 2657,787
200,000
3,900
1*50,000
280,000
6,140
700,000
169,000 2000,000
- 12,000
500,000 1000,000
1 to 2
years
2 to 5
years
12
20
1*18,109
A f t e r d e d u c t i n g $344,896,000 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.
After deducting
$ 3 , 3 5 6 , 0 0 0 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.
168
Over
5 years
4,999,622
1*31*
@FedFRASER