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'TBRNGRS OF THE FEDERAL RESERVE SYSTEM
.' r o r P u b l i c a t i o n F r i d a y M o r n i n g , "May 2I4; n o t
earlier)
May 23, I9U6
" *
"
CONDITION OF THE :FEDERAL RBSBRVB BANKS
D u r i n g t h e week e n d e d May 2 2 , member b a n k r e s e r v e b a l a n c e s d e c r e a s e d
$11*7*000,000* ^ R e d u c t i o n s i n member b a n k r e s e r v e s a r o s e - ' f r o m d e c r e a s e s -of
£ 1 2 0 , 0 0 0 , 0 0 0 i n R e s e r v e Bank c r e d i t and $ 2 , 0 0 0 , 0 0 0 i n T r e a s u r y c u r r e n c y , a n d i n c r e a s e s of $ 5 0 , 0 0 0 , 0 0 0 i n 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 R e s e r v e Banks a n d
8 1 1 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n , o f f s e t i n p a r t b y d e c r e a s e s of $ 3 , 0 0 0 , 0 0 0 i n
T r e a s u r y c a s h a n d • $ U 1 , 0 0 0 , 0 0 0 i n nonmember d e p o s i t s and o t h e r F e d e r a l R e s e r v e
accounts,
E x c e s s r e s e r v e s of member b a n k s on May 22 w e r e e s t i m a t e d t o b e a p p r o x i mately $700,000,000• '
H o l d i n g s q f ' - l o a n s , d i s c o u n t s and a d v a n c e s i n c r e a s e d $ 1 7 , 0 0 0 , 0 0 0 w h i l e h 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 e s d e c r e a s e d £ 1 7 , 0 0 0 , 0 0 0 . The d e c r e a s e
i n h o l d i n g s o f - U n i t e d - 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 *a d e c r e a s e of
5 2 6 , 0 0 0 , 0 0 0 i n b i l l s a n d a n i n c r e a s e of $ 9 , 0 0 0 , 0 0 0 i n c e r t i f i c a t e s .
Changes i n member b a n k r e s e r v e b a l a n c e s and r e l a t e d i t e m s d u r i n g t h e week
a n d the^ y e a r e n d e d May 2 2 , lgl;6,. w e r e . a s f o l l o w s :
I n c r e a s e or decrease
since
May 1 5 ,
19U6
May 2 2 ,
19U6
(In millions
U. S # Government s e c u r i t i e s
L o a n s , d i s c o u n t s and advancesO t h e r R e s e r v e Bank c r e d i t
T o t a l R e s e r v e Bank c r e d i t
Gold s t o c k
' • •'
Treasury currency
Member b a n k 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
Honmember d e p o s i t s and o t h e r F . R.
dollars)
22,6^3
• 16k
325
- 17
+ 17
- 120
23.132
, 20,2145 ;.
-*120
—
U/532 -:.
•
"
2
15,505
- 1U7
d/,901
+
• .
;
ccounts
of
562
1,619
+
-
May 2 3 ,
• .J9k5
11
3
56
Ui
+1,711.4
-
+
565
.3
+1,152
26
+ 390
+' 386
+1,562
+
57
36
-
Li 13
fit !*• 1(a)
:• *• STATEMENT OF CONDITION
OF THB.irWELVB FEDERAL RESERVE BANKS C&MBJNED
(In: thousands of d o l l a r s ) } ; i
I n c r e a s e or decrease
s i nee
May 15,
I9I46
Kay 22,
1916
May 25,
19U5
A;S S E T S
Gold certificates
.'. 0
Redemption fund for F,; R. notes
Total gold certificate reserves
Other cash '•"'. " ,
„ ,., .
Discounts and advances.
Industrial loans':
Acceptances purchased i
U..S.^ Govt, securities:?
Bills
Certificates •" ' :
" ,
Notes
•'•:• '• -
'
Bonds
T o t a l !J« S« Government^
s e c u r i t i e s '..; %
TOTAL ASSETS
-
5
166
*
33,1+05
63,752
-
171
+
+
19,673
36,078
561,082
3,238
13,71+5
+
+
+
-
535,8147
656,885
732,350
212,200
6,U38
17,956
58
3,325
+
13,665,787
6,335,596
1,738,200
902,91+2
25,678
8,500
+
22,61+2,5215
."
T o t a l Xoans aiid s e c u r i t i e s
Due .from foreign 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 1
Bank promises
Other, assets
,
.. .;
17,3l|6,055
' 71+7,1+1+5
18,093,500
. 290,966
' 163,082
i 1,351+
13.71-5
-: •'
• '
*
'
!
17,178 •
+1,713,382
+1,162,807
2
+
28,1+63
•+ 309,529
'1,119
2,999
22,820,706
110
115-, 80 6
2,095,99U
33,072
56,632
-
2,603 1
+
+
8,333 ••
378,590
51 '
1,276 .
U3,506,vq6
-
39li'»8'56
+1,513,081+
2^,9^502
-
3,921+
+1,185,155
L IA B I L I T I E 3
F e d e r a l Reserve n o t e s
„ .. , •
Deposits:
e
'
. ~,
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
• '
•'•' i •
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..A
1
"
• - '
'
" •
-
+
.
.
,
•
-
•
-
"
12,915
1+2,379,957
*
•\ 101,956
.1 358,355
;
27,1+23
59,110
^3.506,766
.
+
•+
383,369
35,292
527.11+5
J+,.566
+
98,918
320,li0h
+
"22h
+_^__i»o62_
396,579
+1,1*08,003
+
....
+
1,656;
59li, 858..'
•+
13,359
+ 130,202
+ "•. 263
59,21+3
.+1,513,081+
-
11+7,1+12
57,390 :
25,637
1
.5,,10.3 ;
130,812
261,619
•
\
C G O u/N- T,.S
•
"
-
'
•
i?
'
' j
Capital paid In "
-:
'
•;
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts;
TOTAL LIABILITIES' .AMD. CAPITAL. ACG0WT3'
Ratio of gold'"Certificate reserves
to deposit and F#R. note
liabilities combined \
Commitments to make industrial loans
15,505,017
561; 521*
. 660,099
. 1+09,166
17,135,666
l,73l+,73l+
:
'5,UH
-
+
+
65^
,1%'
.3,566
•,.+
1,3%
1,353
.'• STATEMENT OF CONDITION'OF:THE FEDERAL".RESERVE BANKS ON MAY 22, 191*6
, ; ( 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
Boston
New York
734,626
5,n6,657
812,293 1085,712
811,601 934,973 3579.850
557,650
312,803
5Uu,088 2*53,993 21*01,809
7li7,aa5^ 58,102
119,559
60,101 ''-76,707
59,276& 1*3,656 , 96,89U
42,570
20,002
31*-890
600,220
io,7H
332,805
14,863
578,978
16,5143
17,3246,055
Phila.
. Cleve.
Rich.
Atlanta
Chicago Si*Louis"'"
Minn, Kans.Cy.
Redemption fund f o r
F
'
SS>J;S
R
* n°teS
Total g o l d c e r t i f i c a t e
18,093,500.792,728
290,966
25,999
w s c o u n t s ana aavanoes
4.nau& ^ r i u i l o a n s
Acceptances purchased
U. S.Govi. s e c u r i t i e s :
V
.ertiiicaoes
1°,
••• • '
5,235,996
73,747
l65,082
1,354
13,745
7,698
87
—
35,536
13,665,787
835,298
3,1409,963
13,745
8?2,39U 1162,419
19,467
23,107
7.1*99
1 23I4.
870,377 "978,62 9 3676,744
2o,5oli
22,304
30,626
32,585
21,115
33
915,721 1221,856
903,166
3,660
--
28,335
13,930
723,81*3 1866,547
613,503
T o t a l U.S. Government
T o t a l loans and
securities
. .
s
1.&5
3 735
„",»
366,960
6)43,931
479*794 2511,916
9,-12*9
33,9143
2 5®
{ 780
504,850 1658,11*9
.
•
c
'
'.
22,61*2,525 1431,003 • 5,666,363 15914,107 2087,277 11*66,1*71 1173,7147 3025,566'1063,9145
623,0143 1071,723
885,0*47 255^,233
22,820,706 11*38,788
621*,868 1075,1458
887,6312559,013
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
*-*
110,107
6,335,596 i*2Q,i4$6 1,592,520 478,793 610,796 397,568 317,532 816,600 317,912 180,739 301,925 268,337 632,2*38
1,738,200 115,3149
1436,916 131,357=167,575 109,075- 8 7 , H 7 222*,038; .37,221 ..1*9,586
82,836
73,618 173,512
902,9142 '59,920
226,961*
68,236
67,050 ' 56,'662
1.5,255 116,381. 15,309
25.756
1*3.051 38.21*2
go.rsh
S
securities,
25,801
I
i ^ n i l
other cash.
J?11**.
' D a l l a s SanPran.
n0'
115,806.
1/37
16T222
- 9
-: 2*,708
10
14,690
' 5
32,752
1*
9,60i4
462,585' n&,948
.15 . '
^
11,7201.
7>56i:
3
'3,283
•
1*
4,990
' -3
3,960
9
13,231*
89,261 •: 50,9243- 100=<379
198,753
168,665
1143,209
320,172
83,870
208,594
33,072
1,334
8,601
3,266
' 3,942
2,742
1,553
3,096
2,01*0
1,275
2/568
817
1,833
other assets
56,632
3,575
12,61*1
3,820
6,036
3,691
2,969
7,290
3,,261* .
1,554 . ,3,026
2,617
6,11*9
12*5,015'
:
cank premises
TOTAL ASSETS
2,095,99*4
5,715,4424 1602,840 2119,862 14S7,619 1177,407 3053,901 1077,875
7
3,082
1*3,506,786 21*10,528 11, 525,273' 2625,2*& 3518,319 2586,355 2335,679 7103,562* 1790,939 1019,5924 1782,52*6 11*72,81*1 53324,696
. 1 /
A f t e r d e d u c t i n g .$73,000 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 TH
( I n thous
L I A B I L I T I E S
Total
F e d e r a l Reserve n o t e s
23,946,502
Deposits:
Member bank-reserve a c c t . 15,505,017
U . S . T r e a s u r e r - g e n e r a l a o c t . 561,521+
Foreign
660,099
Other
1+09,166Tofel d e p o s i t s
17,155,806
Deferroa a v a i l a b i l i t y items l,78l+,734
Other l i a b i l i t i e s i n c l u d i n g
accrued dividends
12,915
TOTAL
LIABILITIES
Boston
Nsv; York
Phi l a .
Cleve.
3ERAL RESERVE BANKS ON 1-1AY 2 2 , I9I+6
3 of d o l l a r s )
?a
Atlanta
Chicago St.Louis
Minn. Kans. Cy.
D a l l a s SanFran.
:
ll+51,ll+l
5,557,885 1607,091+ 2051,1+27 I6I+I4..
1420,195 1+585,343 101+2,01(1+ 552,769 883,781 588,555 2985,666
.
v,I
692,809 l+,855,733 767,280 1136,757 697,11
715,569 2215,260 58l+,79'2 579,542 750,202 744,501+ 1966,581+
29 ,il
20,770
79,531
22,768
13,510
ll+,957
16,928
1+4,590
1+3,079
174,791
1+1,451
60,050
-1*0,217 l/2i»3»633
51,735
58,021+
29,on
23,709
83,601+
21,215
15,598
20,589
19,965
52,1+38
2,988 ~- 531,018
2,958
l+,795
3,*R 1,562
5,665
.9,71+8
2,715
595
2,595
45,725
779,093. 5,605,175 863,l+7l+1259,60l4 7 6 0 , ^ ,
761,1+10 2380,060 658,521 1+11,165 786^121 735,792 2107,155
139,011
359,1+33 102,61+9 168,178 150,528 127,720 254,567
87,362
38,792
89,654
78,235 188,607
•
.
1
7I+8
.3,650
794
1,247
61+9
575
2 ,066 '
I+65
595
_602
50I+
j±^_
1+2,879,957 2569,995 11,526,11+5 257l+,01I 51,60,1+56 2556,059 2309,900 7020,056 1768,592 1005,117 1760,158 Lh~51,082 5280,650
c o i t a l paid i n :
Surplus (secxion 7)
.surplus ( S e c t i o n 13b)
Other c a p i t a l accounts
181,936553,555
27,1+23
• 59,110
10,809
22,1+59
3,012
L+,275
64,338
ll6,36o
7,205
10,727
15,1+89
28,9l4-6
1+,501.
4,505
18,257
33,745
1,007
5,554
7*601
15,593
3,326
4,296
6,785
ll+,450
762
5,731+
21,574
53,029
1,429
7 4 96
5,809
12,939
52?
5 ,2?2
5,955'
5,97l+
8,869 . 11,891
1,073
1,137
2,580
5,536
6,589
10,670
1,307
5,193
16,758
23,921+
2,ll+2
6,21+2
TOTAL L I A B I L I T I E S AND
CAPITAL ACCOUNTS
1+5,506,786 21+10,528 11,525,275 2625,1+52 5518,819 2506,855 2555,679 710.3,561+ 1790,959 1019,591+ 1732,546 1472,041 5534,696
Commitments t o make
.—
—
837
521
265
—
—5,605
—170
15
i n d u s t r i a l loans
5,1+11
F . R. notes outstanding
2l+,629,806 ll+80,935 5,509,677 1655,255 2034,967 1707,719 1464,451*4456,355 1077,1+12 561,539 907,663 613,777 3110,263
C o l l a t e r a l f o r F . H. n o t e s '•
'
' . , ' " ' * '
held by F . R. Agents:
• •
Gold c e r t i f i c a t e s
11,1+44,000 1+10,000 5,1+1+5,000 500,000 655,000 570,000 61+0,000 2575,000 500,000 170,000 230,000 169,000 1750,000
E l i g i b l e paper
61+,235' . 1+,318
20,351
3,764
' —
19,000
—12,1+00
700
2,250
—
1,000
u. § . Govt, s e c u r i t i e s
15,977,731+1100,000 2,100,000 1200,000 1550,000 1175,000 850,000 1900,000 902,781+ 1+00,000 700,000 500,000 1600,000
MATURITY DI5TRIBUTI0?; OF LOAN'S AMD S-iCURITIRS
: .
Total
D i s c o u n t s and advances
I n d u s t r i a l loans
Acceptances purchased
e . S. Govt, s e c u r i t i e s
.
163*082
L,354
13,745
22,61*2,525
Within
15 days
•
.
• 16 t o
50 'lays
51 t o
60 days
6l to
9 > days
91 days t o
6 months
6 months
to 1 year
1 to 2
years
61,815
8,1+94
14,863
77,910
1,136
7
8
9
56
73
195,522
3,67!+
4,139
1+10
—
* •
3,595,931
2,30l+>605
5,456,31+1+
4,903,751
2,71+0,050
-2,564,206
21,1+00
1// After d e d u c t i n g $l(.l6,ll+9,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve .ba'OKE
2 to 5
years
Over
5 y°ars
1+6
1+60,500
590,190
@FedFRASER