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BOARD OF GOVERNORS OF-THE FEDERAL RESERVE SYSTEM (Released for Publieation Friday morning, May 2; not earlier) E.k.1 May 1, 19U7 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April .30 member bank reserve balances increased $6,000,000. Additions to member bank reserves arose from increases of $153,000,000 in gold stock and $2,000,000 • in Treasury currency and decreases of $13,000,000 in Treasury cash and $12,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $137/000,000 in Treasury deposits with Federal Reserve Banks and $13*000,000 in money in circulation and a decrease of $25,000,000 in Reserve Bank credit. Excess reserves of member banks on April 30 weye estimated to be approximately $670,000,000. Holdings of loans,'discounts and advances decreased $16,000,000 while holdings of United States Government, securities increased $23,000,000* The increase in holdings of United States Government securities reflects an increase of $1*2,000,000 in bills and a .decrease of $1^,000,000 in certificates. Changes in member bank reserve balances and,, related items during the week and the year ended April 30, l9h'lf were as follows j Increase or decrease since April 30, 19^7 April 23, 19^7 May 1, 19^6 (In millions of dollars) U; S# Government securities Loans, discounts and advances Other Reserve Bank credit 21,057 126 222 + - 28 16 36 - 722 100 56 Total Reserve Bank credit Gold stock Treasury currency 22,205 2o,77U 14,560. - 25 + 153 2 + + 879 523 25 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R, Banks Nonmember deposits and other F#R#accounts 15,026 2G,118 1,325 6I9 1,652 6 + 13 - 13 + 137 - 12 + + + + 79 230 + 9fc2 210 91* H.l|.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL'RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 30, 19U7 May 1, 19U6 April 23, 19U7 A S S E T S Gold certificates Redemption fund for F« R« notes Total gold certificate reserves Other cash Discounts and advances Industrial loans Acceptances purchased U# S. Govt, securitiesj Bills Certificates ,. Notes Bonds. Total U. S. Government securities Total loans'and securities Due from foreign banks F# R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 18,815,176 721,33U 19,536,510 276,061 125,16U 1,109 +15U.999 - 2,6U6 +152,953 899 . - 16,033 + 71 +1.U69.121 29,075 +1,UUo,oU6 15,100,553 5,651.218 351,800 753,390 +U2,UU2 - iU,5oo +1,265,083 516,078 - 1 ,321,900 1U9.552 21,356,961 + 27.9U2 722,UU7 21,983,23k 102 ioo,55U 2,263,50li. 32,085 U5.62U + 11,980 + 117 - 82,U06 U6 + 1,031 I0i.235.67U - - 52,339 99.35U 388 13.1U1 + 835,330 8 37,293 259,208 99U 9,659 + 82,730 + 763,631 2k, 022,262 - 2,599 + 9P.3U6 15,825,712 618,660 552,526 IT72,756 + 5,969 +137,192 - 6.238 + 10,961 + + 78.U63 209,605 175,98U 191,671 17,1|.69,85k 2,oUl.U89 +1U7.88U - U6.070 *+ 12,679 U3.5U6.28U - 2,592 +•96,623 L I A B I L I T I E S Federal Reserve notes Deposits? Member bank « reserve account 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 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 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. 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 loans 19L2U9 U39.823 27,U55 30,663 UU,235,67U + + 303,755 302,112 + 15 696,198 + + + - 13,958 + 82,730 + 8,0U0 7,279 65 + 9,530 81,U68 27 23,592 763,631 .2fo 39 72 + + 8,0U0 5,598 H.U.I(» STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 50, I9I+7 ( I n thousands of d o l l a r s ) A S S E T S Total Boston New York 18,815,176 750,806 5,661,036 721,554 5l+,944 H7,555 19,556,510 785,750 5,778,569 other cash 276,061 2i,oiU 62,oo6 18,507 25,615 15,150 21,1*80 26,1+71 i3,ool+ 6,793 9,631 12,093 1*1+,317 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 » 125,161; 1,109 14,891 15 31,069 7,551 l,09u ll+,293 ll+,511 7,5li5 6,054 15,018 2,570 l+,678 1,506 5,900 15,100,555 973,861i 3 , 7 0 8 , 8 7 1 l l l ; l , 7 7 4 1507,754 996,052 754,331 4 2 6 , 8 3 1 7l+5,8l*l 5,651,218 551,800 755,590 388,1*29 21*, 180 51,765 1,450,629 90,505 193,390 31*7,709 289,931 21,61*5 18,01*9 1*6,555 58,652 Gold c e r t i f i c a t e s Redemption fund f o r F . R. notes . Phila. Cleve. Rich. 855,851* 111*7,555 942,968 59,980 75,551 57,706 Atlanta Chicago St»Louis 905,622 1*155,189 1+4,581+ 82,ol+5 Minn < Kans.Cy. 567,676 580,1*91+ 621,968 1*5,791 21,31*0 55,1+71* 401,831; 655,442 D a l l a s SanFran. 14*2,850 21429,178 2l+,l*66 lQl+,522 T o t a l gold c e r t i f i c a t e reserves B i l l s Certificates Ko e "t s BondS 895,8U4. 1225,106 1000,671* 91*8,006 1+255,252 1*02,21*5 506,0lt0 25,01*1 51,502 55,626 67,1*62 825,009 1790,208 756,153 1+7,072 100,807 6l3,u67 1+67,516 2555,500 587,026 1642,992 292,592 18,202 58,980 161,671* 261,665 10,065 16,289 21,551* 5l*,885 252,612 15,725 55,676 5l+l,7l+l 33,725 72,222 T o t a l U.S. Government securities" 21,856,961 11*58,256 5,1*1*5,195 1622,686 2112,758 ll*H,76l 1171,61*1 269l*,2l*0 1105,905 62o,121+ 1058,676 889,059 2290,680 T o t a l loans and securities 21,985,231* 11*53,162 5,l*7l*,26i* 1631,511 2127,051 U+26,272 1179,181* 2700,294 1118,925 622,1*91* 1065,554 890,51*5 2296,580 Due from f o r e i g n banks io2 6 l/55 8 F . R . notes of other banks ioo,55l* Uncollected items 2,263,50l* 3,065 181,750 167226 l*8l*,38i* 1+,315 ll*0,8l*5 5,1*63 207,519 11,872 188,1*29 13,600 155,765 . H*,27l 559,087 5,555 98,658 5,051* 52,1*16 4,598 118,757 l*,l*3l* 86,269 11*,121 189,865 1,278 2,982 8,586 9,955 5,132 2,720 3,815 1*,H*5 2,658 2,772 1,512 2,6o6 5,052 6,012 1,995 2,720 1,229, 1,21*5 2,505 1,988 78l* 1,958 1,765 l*,5l+3 Bank premises Other a s s e t s TOTAL ASSETS 52,085 1*5,621; 9 5 I + I I + 1 * 5 1 * 5 9 1+4,255,671+ 21*1*9,007 1 1 , 8 5 5 , 6 0 1 2694,652 5596,521 261*7,812-2322,157 7544,1*15 1854,286 1039,068 1856,257 11*65,202 5084,698 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 F e d e r a l Reserve Banks. H.l+.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON'APRIL 5 0 , 191+7 (In thousands of dollars) B I L I Boston Total 11+1+5,995 2l+,022,262 Federal Reserve n o t e s Deposits: Member b a n k - r e s e r v e a c c t . 15,825,712 U.S.Treasurer-general a c c t . 618,860 Foreign 552,526 New York Phila. CIeve» 715,253 l+,9l+0,98l 789,763 1172,789 1+1,005 157,225 55,368 50,852 55,770 l/l9l+,559 1+2,652 1+8,971 Oth-ir 1+72,756 1,958 399,597 2,1+21 7,286 Total deposits 17,1+69,851+ 789,981+ 5,692,162 370,201+1279,898 l+2l+,65i 152,11+7 186,625 Deferred a v a i l a b i l i t y items 2,01+1,1+89 168,032 Other l i a b i l i t i e s including accrued dividends . 12,679 816 1,193 3,378 785 TOTAL LIABILITIES "1+5,51+6,231+ 2l+ol+-,796 11,618,530 2653,701+ 3552,8io C a p i t a l p a i d in. 11,166 67,262 ll+,205 18,698 191,21+9 Surplus ( S e c t i o n 7) 27,557 156,51+9 5l+,720 1+1,391+ 1+59,825 Surplus ( S e c t i o n 13b) 5,012 7,253 l+,l+89 1,007 27,1+55 Other c a p i t a l a c c o u n t s 2,1+76 1+,157 2,531+ 2,612 50,865 TOTAL LIABILITIES AND 1+1+,255,671+ CAPITAL ACCOUNTS Contingent l i a b i l i t y on b i l l s purchase f o r foreign c o r r e s p o n d e n t s 8 0l+0 Commitments to- make i n d u s t r i a l loans 7,279 F. R. notes outstanding 2l+,69l,593 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 c e r t i f i c a t e s 12,055,000 E l i g i b l e paper 77,51+1 u . S. Govt, s e c u r i t i e s 15,579,656 Rich. Atlanta 'Chicago St .Louis 5,U98,209 1655,557 2065,096 1666,886 1573,561+1+1+75,021+ 1078,278 Minn. Kans.Cy. 587,586 703,605 718,315 2287,531; 59l+,61+6 39l+,266 1+1,31+6 26,936 115,287 33,87U 25,662 25,802 21,589 71.613 18,1+30 13,161+ l+,887 2,116 2,1+33 6,6ll+ 2,3l+7 775,61+0 768,95621+76,867 653,561+ 1+35,1+39 170,121 11+9,996 297,993 96,1+93 1+7,216 620 2615,267 8,065 20,676 3,325 2,1+79 D a l l a s SanFran. 906,556 573,311+ 2716,1+17 769,295 28,178 18,1+30 3,1+25 819,328 iOl+,78l 71+3,921 1997,31+1+ 2l+,67l 38,1+58 17,377 1+6,569 1,526 58,31+6 787,295 2120,517 77,991+ 185,1+62 1+1+C 1,150 532 750 556 l,9l+l+ 515 2293,072 7251,828 i828,8t>7 1070,991 1850,980 11+59,01+5 5025,51+6 6,500 17,850 6,51+9 7,081 7,298 1+,197 22,778 58,106 15,729 15,777 16,577 18,665 65,078 10,997 1,307 1,137 2,11+0 1,075 1,1+29 521 762 3,500 1,810 3,056 1,991+ 2 ,062 2,021 2,562 21+1+9,007 11,855,601 26ol+,652 5596,521 261+7,812 2522,157 73l+U,i+15 l35li,286 1089,068 1856,257 H+65,202 508l+,698 515 ll+75,5l+5 2/2,575 651 7I+8 59l+ 330 1,093 231 201 281 265 708 170 1+50 13 3,61+0 — i,l61+ 1,761 31 5,678,019 1681,067 2117,1+15 1719,81+5 U+11,1+37 1+538,051+ 1115,616 * 601,1+18' 925,81+ 595,302 2856,050 l+55,ooo 3,1+70,000 500,000 61+5,000 690,000 il+,200 16,615 6,656 — 13,332 1 1 0 0 , 0 0 0 " 2,1+00,000 1200,000 1500,000 1055,000 590,000 2970,000 — — 850,000 1600,000 500,000 il+,61+o 91+9,656 i8l+,ooo 2,100 i+25,000 280,000 l+,500 700,000 169,000 1800,000 — l+,950 500,000 1300,000 MA.TURITY_E ISTRIBUT]: 0N_0F LOANSJ^SECORIT: LES Total 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 125,161+ 1,109 21,856,961 2 to 5 6 months' 1 to 2 6l t o 91 days to 16 t o 51 t o years to 1 y e a r years 6 months 90 days 60 days 50 days 8,282 15,H2 89*397 ll+,373 30 8 3 5 10 1+ 1,01+5 1+ •520 ,l+oo 11+8,350 1,1+27,1+59 5,059,81+0 3,372,375 2,1+27,750 5,1+32,551+ 5,058,195 l / A f t e r d e d u c t i n g $353,066,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks, 2 / After deducting $5>U6?,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, Within 15 days Over 5 years 580,01+0
@FedFRASER