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BOARD OF- GOVERNORS OF THE FEDERAL RESERVE 'SYSTEM (Released for Publication Friday morninf, Aarch 7; not earlier) March 6, I9U7 CONDITION OF THE? FEDERAL RESERVE liATKS D u r i n g t h e week e n d e d March 'p, member b a n k p r e s e r v e / b a l a n c e s i n c r e a s e d $ l i i 9 , 0 0 0 , 0 0 ' 0 . A d d i t i o n s ' t o m e m b e r ' b a n k r e s e r v e s a r o s e from d e c r e a s e s of ^965^000,000 i n T r e a s u r y d e p o s i t s v d t h F e d e r a l Reserve Banks, $ 1 0 8 , 0 0 0 , 0 0 0 i n ncnmeniljer d e p o s i t s and cither f e d e r a l R e s e r v e a c c o u n t s and $ 5 0 , 0 0 0 , 0 0 0 i n T r e a s u r y c a s h and an . i n c r e a s e .of $ 5 U 4 0 0 0 , 0 0 0 ,in e o l d s t o c k , o f f s e t i r: p a r t b y a d e c r e a s e of 8^957*000,000 i n R e s e r v e ; B a n k c r e d i t and an i n c r e a s e of 8 7 5 , 0 0 0 , 0 0 0 i n money in c i r c u l a t i o n . E x c e s s r e s e r v e s of member b a n k s on March 5 —;a*e e s t i m a t e d t o be '* a p p r o x i m a t e l y | ? 6 0 ,000,00(1. H o l d i n g s of l o a n s , , d i s c o u n t s and a d v a n c e s ' d e c r e a s e d $ 1 5 3 * 0 0 0 , 0 0 0 and of United" S t a t e ' s Government s e c u r i t y s ' 7 r 0 ? , 800^ "\ jQ>4 rTho d ^ c r ir-, i r a o l d i n g s of U n i t e d S t a t e s Government s e c u r i t i s r >fl c j s d~cp <* r s DV ' m 0 A:0 A 000 i n b i l l s and $ 2 0 2 , 0 0 0 , 0 0 0 i n c e r t i f i c a t e s and an I r o r . o t. «U' ^ 8 > A* , J > A n o t e s . C h a n g e s i n member b a n k . r , e r v t .baj i n e . s ^ uni r ] week and t h e y e a r ended March n9 I p i , ? , w . r - es f a l l o w s ? ^increase or d e c r e a s e since Airch 5* I9ii7 Feb, 26, I9hl March 6, 1946 ,(,in millions of dollars) ~ «. 902 153 - 3 , +• - h 23,^0)1 20,476 1,557 ^ 507 litii 106 hAA ekj^pO + + lh9 : 73 •1>531 „ 50 965 108 U. 3, Government .securities Loans/ disc omits ;arid ' advances Other Reserve Bar^k credit 23,21,2 2f»;0 Total Reserve Bank credit Gold stock T r 0 a s>u r y c u r r e n c y .. TA - r b - n k r e s . r v e b „i 1 ane e s ,.euey ' i n c i r c u l a t i o n " 7: »ju'jrv c a s h Tr . S i r / - d ^ e s j t s w i t h *\ R. Banks . 1 . ] b r I p o s i t s apd o t h e r F.R f a c c o u n t s >:e XV-7 1,73U 957, . 4- 4- '&"' t + 1 + + 716 20I4 + [»56 376 - 953 + 7QCS •f 50 4- H.lj.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) I n o r e a s e or de c r e a s e since March 5, 19U7 ,.?, c- C* r*> m t \ b b xu 1 Other cash Di scounts and advances Industrial loans U.S. Govt, securities? Bills Certificates Notes Ponds T o t a l U. g . Government securities 13,370,177 793,182 + - 79,997' 1,695 +1,0635612 + 21/5U9 t , 163,359 353,1485 + 931 76,302 ,» 14,225 - 153,196 13 +1 , 0 8 5 , 1 6 1 12,73U - 203,827 « 557 15,060,068 6,93l i ,118 Wi.,300 753,390 - 6lo,oli7 - 201,666. 413,000 — +1 , 8 7 8 , 7 1 1 111,296 - 928,ii00 193,502 2 5 , 2 1 a , 576 - 601,713 + 715,513 25,1+81,910 - 95li,922 ..« 13,397 - 22l4.,357 .. 37 ' -. 1,769 + 5H,129 8 35,320 5141,552 990 8,822 r -, -7 - - ry r- y £-;)-?, 0 ? > T o t a l , l o a n s and s e c u r i t i e s Due from f o r e i g n b a n k s F . R. n o t e s of o t h e r b a n k s Uncollected items Bank p r e m i s e s Other a s s e t s 102 107,351 2,276,317 3 2 , 2 02 Ul.zki TOTAL ASSETS + - ]o,)J42,j497 -1,120,1+05 +1,879,U68 2^,337,769 •*- 2 7 , 7 6 1 + 1 5 , 9 2 9 , pqii. l,ii07,187 395,529 712,6U9 12,6^4,900 + li»8,387 , - 9614,593 ~09,726 - 2Q,53ll - 0*26,273 + 1;35,213 + 795,397 355,056 f 309*71*9 +1,235,303 - 222,013 + 3l+5,8ll| - - 328 T I E S Federal Reserve notes Deposits: Member b a n k - r e s e r v e a c c o u n t U.S.Treasurer - general 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 a c c r u e d dividends " TOTAL LIABILITIES C A P I T A L A C C0 U N T 3 Capital paid in S u r p l u s ( S e c t i o n 7) S u r p l u s ( 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 g o l d 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 1 i a b i l i t i e s c omb i n e d C o n t i n g e n t l i a b i l i t y on b i l l s for foreign correspondents Commitments t o make i n d u s t r i a l March 6, 19^6 o b Gold c e r t i f i c a t e s Redemption fund f o r E. 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 L I A 3 I L I February 26, 19^7 1,90);,220 11,233 [Jv7^159 190,817 li39, 823 27,IjOO 36,2ii3 l ^ ^ ' J ^ i 1,129 -1,121,65k + 109 ~~~ + l,ll|0 ~-]j2oM^ )^ # ' ' 0 1 , 1% 9,529 688 212,057 +l,792,8i|6 + + + 10,08k 81,1|68 27 1|,957 +1,879,168 1# 1 purchased loans 8,11+9 UO .. 9,529 .6,377 H.UU/b), STATEMENT OF CONDITION Ov THE FEDERAL RESERVE BANKS ON MARCH 5, (In thousands of dollars) JX o b o ^ T~> £J m 1 c* ^ Total Gold c e r t i f i c a t e s Nodoifip tion fund F l - - Boston Now York Phi la. 18,370/177 7uli,i55 5,951,188 867,23512146,392 1023,667 795,182 -5li,757 120,615 19,165,359 333,785 239,053 798,892 31,051 22,330 6,071,801 6k,375 71,758 9,31 21 15,060,068 6,93li,ll8 14ilx,300 753,390 888,257 1x70,833 29,956 50,793 Cl^ve* Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. 969,6233050,072 601,202 376,5A2 660,911 )i53,B55 2I|25,335 1x5,366 A5,236 16,150 21,220 35,7u9 926,866 1322,957 i.}63,521 10111,991 3195,358 21,696 33,835 19A86 25,123 1x6,722 111,051 17,509 16,958 6,5olx 30,760 677,332 15,939 5A53 397,762 25,51,5 69^,660 11,130 5,013 1x76,595 2530,626 12,916 1x3,665 6,37U 16.7JU8 71x7,9^2 281x2,1x85 581,809 361,890 395,198 375,050 23,022 56,9^9 23,^39 59,058 96^66 koM8 1x01,633 203,765 12,962 21,930 635,067 333,092 21,190 35,931 51x3,735 1537,ihS 312,211, 677,U03 19,862 73,09k 33,679 73,073 for nofces Total gold lykl 59,629 76,565 59A5u 2i4,7ko 105,291 certificate roserves " Jiher cash discounts and advances Industrial loans -•. t>. Govt, securities: Bills Certificates Notes Bonds — 7,9A5 960 3Aii2A35 101,7,690 15A,232 1,789,292 515,223 619,571 113,827 32,777 39,Ul!x 193,015 55,77 66,851; 892,587 u30,532 27,353 1x6,672 T o t a l U# Bm Government securities" 23,21x1,876 lli39,89l 5,533,569 1651,27U 2,70,101 1396,9^9 1171,892 3891,193 1121,176 61x0,3u0 1075,260 9lli,U90 2330,716 23,1x81,910 11x62,292 5,610,32? 1666,285 2007,610 1^13,907 1178,396 3921,958 1126,629 665,865 1080,295 920,661; 2377,ix61x Total loans and securities" Due from f o r e i g n banks / . R . n o t e s of o t h e r banks Uncollected items Bank premises Other a s s e t s TOTAL ASSETS i02 107,851 6 2,735 l / 33 HT, I96 8 3,593 9 5,^13 5 2k,klh lx 13,309 llx 11,!|12 lx 5,^77 2,276,317 177,933 1x03,322 129,560 32,232 77,21,1 1,28? 3,171 6,1x22 11,1+00 3,lli6 5,llx9 2o5,8lx6 189,055 157,966 397,270 I07,70lx 3,831 4,53ll 2,672 2,820 1,519 2,6o! 4 . 3,073 6,1x05- 2,003 2,??k- 3 . 1 + 3,7.9!+ 5,108 60,227 1,235 1,51x8 3 h,012 9 llx,323 125,965 116,305 205,131 '2,509 -2,286 769 1,997 1,776 lx,533 I;5,ulx2,lx97 21x77,372 _12,183,876 275U,33U 3667,01x2 2735,51x0 2393,912 7562,180 1908,082 1136,189 1921,957 I535,u8i 5lli7,532 l / A f t e r d e d u c t i n g $69,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 5 , 191+7 ( I n thousands o.f 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 2^,557,769 ll+52,1+0° Deposits: Member b a n k - r e s e r v e a c c t . 15,929,54+ 709,287 U . S . T r e a s u r e r - g e n e r a l a c c t . 1,1+07,187 91,859 395,529 24.172 Foreign 712,61+9 1,725 Other Total deposits New York Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s SanFran. 5,558,261+ 1662,635 208!+,696 1714,650 11+02,391 1+502,956 1095,66l 59l,9h9 915,026 585,1+1+7 2771,705 4,906,501+ 388,298 l/il+1,206 655,556 800,721+ 55,Ol!+ 13,072 1,705 752,662 1962,193 1+9,65O 52,952 12,325 59,559 2,211+ 816,851 2125,709 108,1+85 187,379 790,1+75 1196,097 102,1+21+ 97,022 yhti'yu 8,709 2,861 755,578 62,960 10,301 7,279 71+8,577 2310,068 1+9,708 305,1+1+8 15,515 50,795 2,056 3,214+ 6ol+,896 63,565 15,072 6,809 i+ll+,883 50,??l+ 9,557 2,931+ 18,1+1+4,909 "827,021 ~6,069~561+ 926,012 1336,562 821,918 815,1+51+ 2669,553 688,31+2 1+77,1+28 ^70,515 556,817 103,742 177,680 165,625 ll+6,297 513,762 97,939 50,190 110,517 Deferred a v a i l a b i l i t y items 1,954,228 152,795 Other l i a b i l i t i e s i n c l u d i n g accrued dividends 61+8 91+6 2,922 667 572 , 1+50 1,092 1+15 565 1+71+ 1+79 11,255 2,21+5 TOTAL LIABILITIES 1+li,71+8,159 21+32,875 11,967,567 2698,056 3600,030 2700,733 256'+,616 7i+88,5ll+ 1882,1+21 1119,959 1896,1+88 1511,178 5085,759 Capital p a i d i n 190,817 11,162 67,218 l!+,l62 13,621+ 8,056 7,261+ 22,74l 6,278 i+,180 6,501 7,036 17,315 Surplus ( S e c t i o n 7) 20,676 18,6cV 58,106 1+39,325 15,729 15,777 65,078 16,577 156,51+9 34,720 1+1,391+ 27,557 10,997 Surplus ( S e c t i o n 13b) 1,137 2,11+0 1,075 27,455 5,525 762 1,507 1,1+29 521 7,255 hM9 1,007 5,012 2,000 2,302 Other c a p i t a l accounts 2,765 5,732 36,21+5 2,185 2,607 i+,1+18 2,235 5,289 2,907 2,937 -j . 2,763 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+5,1+1+2,1+97 21+77,372 12,183,876 275l+,35l+ 5661+,0l+2 2755,51+0 2593,912 7582,180 1908,082 1138,189 1921,957 1535,1+31 511+7,552 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 9,529 610 2/5,01+9 772 886 I+67 3$1 1,296 33I+ 238 354 3*4 838 CommitmeDts t o make i n d u s t r i a l loans 8,149 — — 1,300 1,569 73 — 380 l+,200 — 1+50 — 177 F. R. notes outstanding 2l+,983,982 11+86,734 5,717,404 1702,568 2154,266 1756,559 11+40*091 4580,1+38 1129.61+3 C o l l a t e r a l f o r F . R. n o t e s h e l d hy F . R. A g e n t s : Gold c e r t i f i c a t e s 10,655,000 1+55,000 E l i g i b l e paper 86,01+2 13,91+5 U. S. Govt, s e c u r i t i e s 15,511,369 1100,000 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 Total 259,055 981 25,2Z+1,876 6(34,093 951,788 667,310 2893#503 5,1+70,000 525,000 61+5,000 625,000 590,000 1690,000 300,000 184,000 230,000 169,000 1700,000 '• 29,582 5,575 — 10,500 -— — 81+0 22,250 1+00 — 5,150 2,1+00,000 1200,000 1500,000 1160,000 900,000 2900,000 926,569 1+25,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOAD'S AND SECURITIES 16 t o 31 ttoo 6l to 91 days t o 6 months 1 to 2 2 to 5 Within Over 51 50 days 60 days 90 days 6 months to 1 year years years 15 days 5 years 60 days 103,254 22,1+84 112,920 5 14 6 7 32 915 4 530 ,01+0 3,136,351 4 , 7 2 2 , 7 2 5 4,91+5,5302,213,729 5,680,585 520,1+00 143,550 5,491,553 4,722,725 l / A f t e r d e d u c t i n g $253,967,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks. 2 / A f t e r deducting .?o,i+oO,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.
@FedFRASER