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BOARD OF GOVERNORS OF THE FEDERAt REoERVB. SYSTEM (Released fof P u b l i c a t i o n F r i d a y morning, May 2 8 , I9U8) H.lul May 27, I9U8 CONDITION OF THE FEDERAL RESERVE BANKER During the week ended May 26• member bank r e s e r v e ; balances i n c r e a s e d $395,000,000* 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 i n c r e a s e s - of $527,000,000 I n Reserve Bank c r e d i t , $50 I 00Q ; ,000 i n gold s t o c k and $2*000,000 i n T r e a s u r y c u r r e n c y and .a d e c r e a s e ' o f $6,000,000 i n nonmember d e p o s i t s and o t h e r Federal Reserve a c c o u n t s , o f f s e t i n p a r t by i n c r e a s e s of $176,000,000 i n Treasury d e p o s i t s w i t h F e d e r a l Reserve Banks, $10,000,000 in-money i n c i r c u l a t i o n and, $1;,000,000 i n Treasury cash»w Excess r e s e r v e s of member b a n k s on May;;26 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 $710,000,000. Holdings of l o a n s , > d i s c o u n t s and advances i n c r e a s e d $96,000*000 while h o l d i n g s of United "States ^Government s e c u r i t i e s i n c r e a s e d $1^)4,000,000« The i n crease^ 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 i n c r e a s e s of $U95.000 f 0btfin b i l l s / $10,^00,000 i n - n o t e s and $7,000,000 i n c e r t i f i c a t e s and a d e c r e a s e of $16,000,000 i n bonds. 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 'during the week and t h e year ended May 26, I9I48, were as f o l l o w s : I n c r e a s e or d e c r e a s e since May 26, 19^6 May 19, I9U8 May 2 8 , _i9U7 (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 20,592 322 206 + h9h •f 96 • 6U - 998 + 190 - 11 Total Reserve Bank c r e d i t Gold stock Theasury c u r r e n c y 21,201 23.,295 It, 561 + + + 527 50 - 818 +2,363 '"16,901 27,700 1,333 1,7*8 1,535 + + + «- 395 Member bank r e s e r v e balances Money i n c i r c u l a t i o n Treasury cash T r e a s u r y d e p o s i t s with F t R* Banks Nonmember d e p o s i t s and o t h e r F«R. accounts 12 10 k 176 0 - - +1,I96 - 511 59 +1,037 - ' 157 STATEMENT OF COMpITlON OF TH&-TWELVE, FEDERAL RESERVE4'SAMS COMBINED ( I n thousands of d o l l a r s ) H.U.l(a) I n c r e a s e or decrease since my 26, •19^8 .• May 2 8 , May 19i : !9hQ •. 19U7. A SVS E ,T; S Gold certificates.._" Redemption fund for F# R# notes Total gold certificate reserves Other cash Discounts and advances Industrial loans U. S. Govt, securities• Bills Certificates Nptes Bonds T o t a l U, S. Government ;g.ecur;j>^e-s r \ T o t a l loans and secu r i t ^ 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 21,1405,170 626,725 22,025,893.. .280,321 •'•320,757 ; 687 + 50,000i +2,430,492 - 5J498 ': - ' J & 3 3 0 +2,337062 +"l4O,50^ +" 47,727 - 6,586 + 196,598 +'95,507 716 11 8,196; 5914,125093 l,9if6,;800 : 6,323,000 +492,790 -6,370,822 -1,791,725 +1,577,500 - 15,650 . +5,587,610 +• . 7 , 0 0 0 ' .+ 1 0 , 0 0 0 ' .2o,592.B6l; V +k9k,ikQ 20,9lU,cJ28 ^ h9 > io4,365 '2,5O9,03U ' 3£,6i7 170,509 _, J - . . — , — 997,437 *• - 7,677 - + + -461/682 + 40 +589,636 607,555 53 5,537 299,643 582 120,263 — :+ •H 3,327 46,036,06 +161,030 2:3,587,9^5 - l 6 j 901,067 "1067,560; .••.372,298' '1415,807: "19^76,732. 2,V222,5S4 + 395', 519 + 3,573 -., 10,604 + 563019 -.398,114 - 17,883 , 45,305,1214 + 73 +'• 157,667 + 196,120 448,189 "£7,5l*t3 f?7,06o ii6,056,836 + •+2. ,003O06 L I A B I L f i g I E SF e d e r a l Reserve n o t e s ,.> Deposits; Member bank*reserve account U . S . T r e a s u r e r - g e n e r a l account Foreign Other Total deposits D e f e r r e d - . 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 i i C C 0 U-N-T S" 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 . -%^%. •3,300 6,634 0' t 2.'ll.. -, c * i? ,U7U 32 •r ' 522,233 + 1;:,195,618 +r,,036,503 30,426 ., 27,440 +2 ; 0 7 4 , 2 6 0 + 310,254 3; ,32 3 -+1,,966,104 * \ 6,716 + • • 8,566 88 + 3.701 + 22,032 + 161,480;; +2 ,003O° 6 '. — . +• - "M + + •• +' 3.6^ 1 .'- , ?,2©2 + 931 11 HJul(b) STATEMENT OF COKpITI® OF THE FEDERAL RESERVE BAMS ON IvIAY 2 6 , 19^8 (In thousands of dollars) A S S E T S T6tal Gold certificates Redemption fund for F. R. notes Total gold certificate reserves, Other cash Discounts and advances Industrial loans U. S. Govt# securities• Bills Certificates Notes Bonds T o t a l Utg»,GoH7ernment securities Total loans and sec ui~ities Due from foreign banks F.R.notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 21,1*05,170 620 > 723 > Boston Hew York Fhila# Cleve# Richr Atlanta „ Chicago St#Louis * Minn* ICa.1x9.Cy. 805,900 '6,739,980 1095,522 11*32,207 1002,699 1035,186 1*301,296- 569^1*5^ 1*23,01*0 7 5 8 , o i r 5li,73i 67,269 '57,277 ,75,151 55,571* 58,092 97,197 22,551* h5,9$i ,3l*.959 Dallas SanFran. 511,506 2730.368 2 5>5ili 1*8,701 22,025,893'' 860,631 6,807,21*9 1152.799 1505,558 1056,073 1073,278 1*398,1*95 615,559 1*1*5,594- 792,976: 537,020 2779,069 17,112 22,996 35,816 12,299 6,120. ;; 9,863* 10,662 35^875 280,321 : -35,705 15.722 28,210 5L9U1 21,990 19,01*0 21,613 12,191 59,252 22,092 1*,056?l8,9i*V 5,970 17,906 320,757 92,51*5 21*,969 00 261 560 887 8,196,591 551,008 1*,125,995 277,367 1,91*6,800 130,871 6,325,000 1*25,057 1,965,595 585,1*83 785,807 532,319 1*10,920 1161*,637 1*52,558 250,890 382,051' 371.1*61 7l*l*,062 989,558 29i*. 720 595,560 267,957 206,81*7 586,251* 227,809 126,293 2.92,317 186,986 37l*,5l*5 59,589 90,71*2 88,227 176.725 1*66,808 139,060 186,639 126,1*31* 97,600 276,617 107,1*88 1,516,11*2 1*51,652 606,186 1*10,61*1 316,991 898,1*22 31*9,112 195,51*1 29l*,721 286,552 573,983 20,592,361* 138l*,505 1*,957,685 11*70,915 I97l*,l92 1557,551 1052,558 2925/930 1136,967 20,911*.028 11*06,293 1*9 • 3 : 10l*»385 ; l*,96l .2.509,031*-. 231-,1*70 32.6J7 1,218 170,509 11,611 630,-315 959,831 955,226 1869.515 5,030,226 11*90,515"1999,1*22 1359,230 10l*l*,5l*9 2985,182 1159,059 63l*,363 978,772 939,196 1887,221 1* 2 2 . 7 , 2 .1 2 2 1* 1 / 16 • 1* 17,1*08 5,111 5,702 12,319 10,216 ll*,323 8,955 5,801 6,1*76 1*,090 11.01*5 1*87,926 169,519 27I*,509 199,805 151,906.371,583 107,770 61,528 132,880 116,200 203,958 8,173 5,H9 1*,876 2,603 ' l»5l*2 . 3',039 1V956 1,1982,1*27 781* 1,682 1*0,535 11,792 16,505 11,116 8,61*1 2l*,093 9,7l*0 5*152 7,805 7,71*9 15.790 1*6.036.8362551,892 12^1*3,1*71* 281*6,581 383l*,586 2660,260 2313,130'7832,536 1915,118:1157,737 1951,195 1615,705 l*95l*,62l* l / A f t e r deducting $33,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. H.l+.l(c) L I A B I"L I T I E-§ Total Boston F e d e r a l Reserve n o t e s 25,587,'925 la22,295 Deposits: :•Meafcer b a n k - r e s e r v e a c c t . 16,901,067 705,083 U . S . T r e a s u r e r - g e n e r a l a c c t . 1 , 7 8 7 , 5 6 0 "158,498 Foreign other ,372,298 22,327 •'•U15.807 UhJi 19,1476,752 887,379 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 26, 19U8 (In thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 5,1*12,755 1617,288 2065,655 l6oh,5^h 5*447,212 458,475 1509,994 4493,928 1075,487 822,511+ 121*9,985 713»53U 7 2 3 , 6 8 6 2579,89!* 166,544 186,615 9 7 , 7 7 7 7 5 , 1 6 3 271,101; 17,312 14,1+85 U8,0li9 28,617 52,503 lit,1*85 U8,0u9 2 =0° 861 2,559 1,577 5,993 i/i3'i-,92l 559,269 6,396,875 1021,052 1475,101 831,215 1+05,007 11+8,256 221;, 527 166,277 6l0,Q81 81,219 12,719 12,719 5,101; Dallas SanFran. 609,339 911.275 588,1+56 21+76,939 1;00, 063 62,851; 791,696 71,880 800,502 77,838 8,833 12,365 1 ,445 U.CIO 2055,917 77,795 12,012 31,155 518 35,9-55 890,870 2198,852 109,257 192,353 Total deposits 61u ,195 2901,606 710,023 1473,195 876,369 D e f e r r e d a v a i l a b i l i t y i t e m s 2,222,5&1+ .. 1 9 4 , 4 4 7 156,840 335,619 101,255 55,322 115,466 Other l i a b i l i t i e s i n c l u d i n g 77 A <5u9 accrued dividends "5,296 1,099 1,895 663 2,527 771 777 1,529 17,883 1,05c / 1 951 TOTAL LIABILITIES h5,505,121; 2505,179 12,217,955 2787,675 376/, 176 1138,405 1903,773 1589,360 1+869,655 7733,630 1367. Capital paid in 2 4 , 1 0 2 198,120. 11,511 69,128 l4,5li6 18,976 a,361; 6,777 7,651 18,578 7,7'47 8,1.1+3 6,517 Surplus (Section 7) l A 0 7 P 66 2 r ? 21,210 448,189 '28,117 •138,59o 35,350 U2,173 11,235 16,11+8 ll;,lll 58,952 19,110 S u r p l u s ( S e c t i o n 13b) l,ii29 7,319 4,4«9 1,006 27,5a3 3,0.11 521 5,349 762 1,075 1,137 1,307 2,11+0 Other c a p i t a l accounts 4,501 10,498 4,521 5,2 55 57/860 '4,27a 3,574 7,106 3,712 2,662 3,360 5,294 5,301 TOTAL LL'xB-ILITISS AND 46,036,^56 2551,892 12,4.1,5,474 284c,58l 3834,586 2660,26o 2313,150 7532,556 1915,11s 1157,757 1931,195 1615,703 4934,621; CAPITAL ACCOUNTS 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 p u r c h a s e d 11c; 11: -iO p.^ •ZN: 1 AP pan for foreign correspondents 2, -..on 20S 2/1,056 119 '—' t 135 y , > ~ ^ Commitments t o raake i n d u s t r i a l loans 16 316 1,266 127 353 131 6,634 V/50 75 59 p ^Pn ) , P £ pc;po cnn m i^-'O. o pi Q i O ^ ^ -!;^" F . R. n o t e s o u t s t a n d i n g u 'C^; in-*+ * ' - - ^ - ^ ^>' > y J i C o l l a t e r a l for F^R.notes held by FJR#Ag6ntsGold c e r t i f i c a t e s 15,229,000 460,000 4,470,000 550,000 735,ooo 625,000 675,000 2,700,000 3 1 5 , 0 0 0 200,000 260,000 169,000 2050,000 E l i g i b l e paper 13,426 4,090 105,528 12,099 " - . 3 9 , 9 0 3 6,325 - 15,120 - - 16,440 ^125 U # 3» Govt* s e c u r i t i e s 700,000 500,000 800,000 1 2 , 2 2 5 , 0 0 0 1100,000 1,300,000 1200,000 1500,000 1075,000 7 5 0 . 0 0 0 1900,000 950,000 150,000 '"MATURITY DISTRIBUTION OF LOANS AID SECURITIES 1 to 2 ,6 months Over 2 to 5 91 days t o o l t; c 16 t o Within 3J. t o y e a r s 5 years years t o 1 y e a r 6 m o n t h s Total 9 0 d a y s 15 days 30 days 60 d a y s <-' f D i s c o u n t s and a d v a n c e s Industrial loans U.S.Govt, s e c u r i t i e s 320,757 887 20,592,381; 167,197 545 2,505,259 ' 50,575 kk 1,590,1+41 l / A f t e r deducting 2 / After deducting 61,261; 111 4,926,694 61,697 155 2,197,137 6 68 2,.17 5,667 18 4 i,393,ooo $2l±Q ,21+L, C p a r u] i i ^ a t i c n s of o t h e r F e d e r a l R e s e r v e B a n k s • $ 2 , 2 1 ^ , 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 R e s e r v e B a n k s . 111 - - 16 1,158,651 5,065,535
@FedFRASER