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BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM (Released f o r P u b l i c a t i o n Friday morning, May 2 3 ; n o t e a r l i e r ) May 22, I9I1.7 lUh.l CONDITION OF THE FEDERAL RESERVE BANKS During t h e week ended May 21 member bank r e s e r v e b a l a n c e s decreased $ 7 , 0 0 0 , 0 0 0 . Reductions i n member bank r e s e r v e s arose from a d e c r e a s e of $162,000,000 i n Reserve Bank c r e d i t , o f f s e t i n p a r t by an i n c r e a s e of $10,000,000 i n gold s t o c k and d e c r e a s e s of $18,000,000 i n money i n c i r c u l a t i o n , $ 1 7 , 0 0 0 , 0 0 0 i n Treasury d e p o s i t s w i t h F e d e r a l Reserve Banks and $111,000,000 i n nonmember d e p o s i t s and o t h e r F e d e r a l Reserve a c c o u n t s . Excess r e s e r v e s of member banks on May 21 were 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 $770,000,000* Holdings of l o a n s , d i s c o u n t s and advances d e c r e a s e d $22,000,000 and of United S t a t e s Government a e c u r i t i e s $86,000,000, The d e c r e a s e i n holdings 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 $182,000,000 i n b i l l s and $1**000,000 i n bonds and an i n c r e a s e of $100,000,000 i n c e r t i f i c a t e s * Changes i n member bank r e s e r v e b a l a n c e s and r e l a t e d items d u r i n g t h e week and the year ended May 2 1 , lokl9 were • as follows* Increase or'decrease since May 2 1 , May l u , lay 2 2 , 19W 19U7 19U7 (In 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 21,676 119 276 - 86 22 - - k5 53 - 2i9 Total Reserve Back c r e d i t Gold s t o c k Treasury currency 22,071 20,668 • + 162 10 -1,061 -.«,«. + Member bank r e s e r v e b a l a n c e s Money i n c i r c u l a t i o n T r e a s u r y 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 # R # accounts 15,91*2 26,116 1,538 7 13 1 17 111 + U57 U,559' 539 1,563 ^ + - 967 + 6U3 27 + - 155 92k 23 - 36 H.lul(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 2 1 , • 19147 Hay lit, 19147 May 2 2 , 19U6 18,950,178 715,500 19,6)45,678 + 20,002 1,899 + 18,103 - 7,886 - 22,^25 73 +1,5814,123 114,777,529 5,811,718 551,800 755,390 -182,208 +100,000 14,000 +1,111,5142 - 523,878 -1,386,1400 - 167,552 21,676,237 - 86,208 - 966,288 21,7914,899 102 98,380 2,)436,727 32,078 1*8,1*77 -108,706 - 1 ,025,807 + 6,029 -50,14 ,.588 Uli,307»878 ASSETS Gold certificates Redemption fund for F# R. notes Total gold certificate reserves Other cash Discounts and advances Industrial loans Acceptances purchased U, 8. Govt, securities: 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 251,537 117,065 1,597 - ___ +1,552,178 + - 39,1429 146,017 21+3 13,7145 8 - 17.1J.26 + 31*0,733 99l4 8,155 -3914,931 + 801,092 21^,002,215 - 11,178 + 55,713 15,9142,303 558,793 U88,973 1468,025 + 17,1438,0914 2,161,069 - 6,650' - 17,565 - 8li,l470 - 2l|,876 -133,361 -251,033 + 1*37,286 22,731 171,126 58,859 302,288 376,355 13,133 U3,6114,511 680 -396,252 + 218 + 73U.55U 191,355 1*39,823 '27,1*55 314,7314 I1I4,507,878 + 35 + + + + 1,286 9,l4i9 81,1468 27 21*, 376 801,092 + 2,117 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 d e p o s i t s 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. 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 -39a,931 + + + hl.ki* 6,797 5,697 3.h% 371* 1,383 + + 6,797 286 Il.U.>(b.) STATEMENT OF CONDITION OF THE FEDERAL RESERVE B A M S ON MA.Y 21, I9I47 (In thousands of dollars) A S Gold certificates A J. fund -L. U 4 . . U foi X V*»i xvsdoir.ptioE tea. Total Boston New York 18,930,178 697,732 5,607,hhl 715,500 5y,63l 116,129 19,6145,678 251,537 117,065 752,363 '21,775 13,805 5,723,576 50,788 33,381 1,59? 12 Phila. Clevo. 818,0u5 1172,019 59,1+58 75,162 Rich. Atlanta Chicago St.Louis Minn.. Kans.Cy. 91+6,161 933,8ii5 ^62,67)4 5l>9,262 381,109 621,259 81,751; k5,&13 .21,271 33,381+ 55,56o ' ul;,o63 Dallas SanFran. 14149,38721491,238 21+;i+lo loU.005 Total, ;?,old c e r t i f i c a t e ?ve s Lznor casn Discounts and advazicos I n d u s t r i a l loans 0, S . G o r t . s e c u r i t i e s : Bills Certificates riot us Bonds — 877,503 12147,181 1001,721 977,908 h3hh,h28 16,6U9 21,163 15,388 21,51+3 26,1+03 9,661 10,366 11,913 2,31+1+ 11,987 Total loans and l E E l E E i * ' 21,676,237 lu5l,8U6 5,U6?,734 1626,56? 2111,202 1 3 9 ^ 3 9 11^3,957 2557,61,5 .1115,238 613,139 I03li,357 868,938 2266,173 21,794,899 li-165,663 5,501,115 1637,815 2121,568 ; ll;06,352 l i ! i 6 , 3 0 l 2569,632^1129,201 625,98/4 1039,820 890,957 2269,491 Due frcm f o r e i g n banks \ i02 F . k . n o t e s of o t h e r banks Q8,380 Uncollected items 2,2|36,727 Bank premises 32,078 Other a s s e t s i|8,i*77 TOTiiL ASSETS 65U,6ii3 U73,797 2595,2143 0,872 11,297 37,809 5,1;63 2,019 3,318 1,585 T o t a l IT,S» Government securiti~ 59u,935 1402,380 13,521 6,329 u,963 7,8u5 - 6 i|,21Ji 204,655 1,270 3,311 l / 33 • 6 17,212 5,001 1^90,651 150,217 8,386 3,132 11,V72: 3,022 9 h,6oh 232,521 3,313 h,5& 5 9,508 211,71*0 2,658 2,91.2 h 10,200 158,i|85 1,511 2,61*2 lh " h 9,2-61; 13,256* 3^2,509 I l k , 1 7 k 3,032 1,995 6,379 2,83U 3 h 3,Q21* k,686 56,190 126,221 1,229 2,1*97 1,3^0 2,056 3 3,807 106,969 73i* 2,11*1 9 13,607 220,395 1,763 5,77k 1^,307,378 2 ^ 5 3 , 2 6 5 ' 1 1 , 8 0 3 , 2 3 3 2693,3^7 3635,U23 2650,31U 2318,59a 7325,653 1856,928 1096,476 181*0,799 l u 8 9 , 7 5 5 5 l 4 l i , 0 9 l l/ After deducting $69,000 participations of other Federal Reserve Banks. H.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 21, 1947 (In thousands of dollars) I L I T IES Total Boston Federal Reserve notes 24,002,215 1442,730 Deposits: Member bank-reserve a c c t . 15,9142,305 707,666 U . S . T r e a s u r e r - g e n e r a l a c c t . 538,795 57,002 Foreign 488,975 30,149 Other 468.025 2,258 Total d e p o s i t s 17,438,094 777,075 Deferred a v a i l a b i l i t y items 2 , l 6 l , 0 6 9 188,174 Othor l i a b i l i t i e s i n c l u d i n g 13,153 784 accrued d i v i d e n d s TOTAL LIABILITIES Capital paid i n Surplus ( S e c t i o n 7) Surplus f S e c t i o n 13b} Other c a p i t a l a c c o u n t s Now York Phila. Clevo, Rich. Atlanta Chicago St.Louis 5,499,152 1655,609 2069,451 1655,871 1568,346 4486,225 1074,556 Minn. Kans.Cy. 587,552 904,419 Dallas SanFran. 570,575 2707,449 4,981,267 126,528 l/l69,245 405.-795 5,680,353 403,513 754,653 2043,577 29,750 47,788 15,509 41,454 809 ^7 .-880 800,721 2170,679 93,584 203,175 379 5,717 1,540 698,056 42,841 23,029 2,505 766,211 192,771 649 711,912 2512,354 29,827 51,307 19,269 65,917 1,389 3,427 762,397 2431,505 157,471 312,903 592,356 34,520 16,449 5.812 648,937 107,280 396,555 50,764 11,749 1,909 440,977 49,590 757,982 26,14-55 16,449 469 801,335 109,007 1,942 558 588 519 597 584 1,176 43,614,511 2408,763 11,587,020 2637,,101 3571,555 2615,502 2289,311 7232,580 1831,531 1078,287 1815,54u 1465,464 5082,479 7,086 6,376 8,065 4,205 17,351 67,282 14,205 13,715 22,794 6,309 11,168 191,355 7,299 439,623 10,676 18,663 65,073 33,106 15,729 13,777 16,577 136,549 34,720 4 1 , 3 9 4 27,557 10,997 762 2,140 1,42? 521 3,012 1,137 1,307 27,455 3,525 1,073 7,253 4,489 1,007 ,217 2,121 2,746 3,772 2,190 2 2,765 3,515 1,914 2,559 5,129 2,352 2,974 34,734 TOTAL LIABILITIES-AND 44,307,878 2453,265 11,803,255 CAPITAL ACCOUNTS Contingent l i a b i l i t y on b i l l s purchased 455 2/2,175 for foreign correspondents 6,797 — Commitments t o make i n d u s t r i a l los^s 5,697 • —_ F. R. n o t e s o u t s t a n d i n g 24,632,651 1473,551 5,647,741 C o l l a t e r a l f o r F . R. n o t e s held bv F . R. Agents: Gold c e r t i f i c a t e s 12,103,000 455,000 3,470,000 E l i g i b l e paper 73,355 .12,410 24,705 U. S. Govt, s e c u r i t i e s 13,583,795 1100,000 2,400,000 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 785,545 1200,400 55,434 46,247 58,068 43,708 2,102 5,870 861,199 1296,225 159,414 204,517 Total 117,065 1,597 21,676,237 Within 15 d^ys 83,929 1,036 3,804,119 2695,347 3635,423 2650,314 2313,594 7325,655 1856,928 1096,476 1640,799 1489,755 5144,091 258 170 238 1,172 1,613 77 — 13 2,200 1679,163 2112,176 1706,936 l 4 l O , 4 l 9 4552,651 1110,157 601,423 450 924,935 551 632 355 279 924 593 224 167 595,477 2820,059 500,000 614.5,000 690,000 590,0002970,000 300,000.184,000 280,000 169,000 1850,000 7,500 4,700 1,4oo 7,895 — 10,745 — — ' 4,200 1200,000 1500,000 1055,000 850,000 1600,000 953,795 425,000 700,000 500,000 1300,000 MATURITY DISTRIBUTION OF L0.JI3 A^D.S^CuRITLUS 6l t o 2 to 5 91 cava to o months 1 to 2 31 to years 90 days years 6 months to' 1 y e a r 60 days 2,950 25,038 26 108 4 35O 3 37 pr>3 2,419,206 320,uOO L+ 3 J \ J 9 O H - L 5,347,394 1,500,575 3A99,812 l / A f t e r deducting $^l9,^3i4.,OOG 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 Banks2 / lifter deducting $1}.,622,000 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 Ea 16 to 30 days 5,148 Over 5 years ' i O24.O
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