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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for. Pub lie at iqn Friday morning, May 30; tiot earlier) H.U.I May 29, I9U7 CONDITION OF THE FEDERAL RESERVE BANKS During the week endpd May. 28 member bank reserve balances decreased ' $237,-000',000« "Reductions in1 member bank reserves arose from increases of « ! , $212,000,000 in Treasury deposits with Federal Reserve Banks, $95,000,000 in money in circulation and $3^,000,000 in Treasury cash, and a decrease of $52,000,000 in Reserve Bank credit, offspt in partjby increases of $kh,000,000 in gold stock and $2,000,000. in' ?reas,ury currency ,and a decrease of $111,000,000 in nonmomber deposits and other Federal Reserve a,cc6unts# Excess .reserves'of member banks on May 28 were estimated to be approximately $510,000,000. Holdings of'loans, discounts and advances increased $13,000,000 while holdings of -United States Government securities decreased $86,000,000. The decrease in holdings of United States 'Government securities reflects a decrease of $210,000,000 in bills and increases of'$106,000,000 in certificates and $18,000,000 in notes. Changes in member bank-reserve balances and related items during the week and the year ended ;May 28, l^hl> were as 'follows* Increase ;or decrease since May 28, ' May 21, 19U7 May 29, 19^7 19U6,. (In millionsiof dollars) U.S. Government securities Loans, discounts and advances Other Reserve Bank credit 21,590 132 297 Total Reserve Bank credit Gold stock ' ^ * " Treasury currency 22,019 20,932 • h,56l _ + + Member bank reserve balance's Money in circulation Treasury cash Treasury deposits with F, $, Banks Nonmember deposits and otheir F#R# accounts 15,705 28,211 1,372 751 1,172 + + + - - • + + ' 86 13 21 52 UU 2 237 95. 3h 212 ill - l ,393 106 39 — -.1,537 + 690 + 28 + + + - 16 105 893 70 U9 H.U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 29, 19U6 May 2 1 , 19U7 May 28, I9u? ASSETS 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 arid s e c u r i t i e s Due from foreign banks F, R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 18,971*, 678 71ii,053 19,683,731 232,59U 130,159 1,603 + 1*U,500 - 1,1*1*7 + 1*3,053 - 18,91*3 +13,091* + 6 +1,630,618 31*. 005 + 1,596,613. 27,351 106,31*8 + 279 11,321* Ik, 567,1*13 5,917,718 369,300 735,390 -209,916 +106,000 + 17,500 + 561,559 1*17,878 -1 ,368,900 167,552 21,589,821 - 86,1*16 -1 ,392,771 21,721,533 102 93,8U8 2,209,391 32,035 50,21*6 - 73,316 + 1*68 -227,336 1*3 + 1,769 -1 ,510,161* + 17 19,868 +; 221,690 99k 5,882 1*1*, 033,530 -271*, 31*8 + 25I*, 061 2U,110,158 +107,91*3 1 15,705,1*1*9 751,052 1*02,721; -236,351* +212,259 + + 1*1*3,21*7 17,302,1*72 1,912,330 - 2lt,778 -135,622 -21*8,739 + 16,711 70,536 205,1*85 13,1*59 iol*,779 21*8,867 11*, 060 + 927 -275,1*91 + + 232 188,065 + + ; + 9,1*01 81,1*6.8 27 2l*,9QQ 251*, 061 L I A B I L I T I E S Federal Reserve notes Deposits j " *Member bank - reserve account U.S.Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section IJb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS , Ratio of gold certificate reserves to deposit and F. R# note liabilities combined Contingent liability on bills purchased for foreign correspondents Commitments to make industrial loans 1*3,339,020 l9l,l*ol* 1*39,823 27,1*55 35,828 1*1*, 033,530 - 36,21*9 + .1*9 . + l,09l* -27l*,'3l*8 7.5% + 6,502 5,703 + .1% 295 6 + + f' + + 1*3,71*5 3.9% 6,502 272 H.ka<b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 28, I9U7 (In thousands of dollars) A S S E T S Gold oertificatss Redemption fund for F. R. notes Total gold certificate reserves Total Boston New York 10.97U.678 71k,060 5,k95,85k 7lli,053 5k,5k7 115,766 19,688,731 768,607 20,532 15,325 12 5,611,600 22,5k3 10,791 — 13,k29 9,163 95k,kl9 k07,H9 25,k07 50,593 3,732,255 H65,k52 lkk6,05k 1,515,519 k22,278 531,5k7 26,352 33,172 9^,57rH 52,k76 66,035 188,332 968,259 36k,555 22,7k9 k5,500 Other cash 252,59k Di s c ounts'and a dvanc e s 150,159 Industrial loans 1,603 U. S. Govt, securities: Sills lk,567,ki3 Certificates Notes Bonds 5,917,718 369,300 755,390 Total U.S.Government securities 21,559,321 l,k57,538 Total loans and securities 21,721,553 lk52,073 Due from foreign banks F.R.notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 102 93,8k3 2,209,591 52,055 50,2k6 6 5,8k7 132,995 1,275 3,585 k3,590 k7,klk Phila. Cleve. 786,07k 1229,99k Rich. Atlanta 62o,ok5 U5.659 '21,259 33,558 8k5,B75 1505,0k6 1005,156 972,281 kk69,722 598,673 398,792 lk,712 10,681 1,591 75,052 5k,89k 928,300 k530,225 553,03k Minn. Kans.Cy. 377,535 59.799 950,262 Chicago St.Louis k3,98i I3,5k6 5,29k 8i,k97 26,852 5,060 12,k7k 6,165 792,k51 I550,k52 751,697 505,986 790,691 505,655 18,971 k9,3kk 19,073 37,776 93,258 37,981 5,580,681 166k,553 2076,808 tfiCO.Okl 1153,18k 2k88,725 Hlk,586 655,k05 8,162 5,kk2 9,613 l,5k5 Dallas SanFran. k55,907 21+95,^10 2k,365 103,896 k6o,27i2 2599,306 10,932 35,780 1,219 7,793 kl9,36k 721,00k 572,155 lkk5,895 169,255 27k,530 26k,500 568,5k7 17,152 I6,k9k 55,k68 10,561 52,8k5 70,628 21,051 5k,115 620,189 10k6,731 885,79k 2120,556 5,628,095 1676,830 2087,599 lklo,3ok H53,k7G 2k95,785 H2o,5k9 621,55k 1056,594 887,015 2120,129 V'33 3 9 15", 572 k,80k 6,ok3 k6l,759 lk5,157 211,075 8,586 5,120 5,805 12,027 5,lk3 k,662 5 u l k k 11,500 10,775 H,8k0 9,625 k.195 192,1+98 I59, 2 k2 3k2,886 99,709 55,997 2,651 1,508 3,037 1,992 1,227 5,056 2,757 6,7kk 2,882 1,59k 3 5.107 I08,k78 2,k97 2,155 k 3,219 89,511 78k 2,226 5 9 12,720 182,286 1.757 5,85k kk,055,550'2k55,5.l6 11,780,662 2694,652 56ko,585 2658,399 2305,569 755k,880 18k5,906 1088,58k 1856,198 lk55,76o k965.82l 1 / After deduoting $69,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 2 8 , 19U7 ( I n thousands of d o l l a r s ) H.l+.l(c) L I A B I L I T I E S Total Boston 2i+, 110,158 11+50,576 New York 5,565,211+ F e d e r a l Reserve n o t e s Deposits; Memiber b a n k - r e s e r v e a c c t . 15,705,1+1+9 698,829 l + , 9 l l , 3 5 6 199,195 U . t f . T r e a s u r e r - g e n e r a l a c c t . 751,052 i|l+,262 P'o reign 1+02,721+ 2l+,687 l / l l + l , 0 1 9 0 t h e r 579,217 1+1+5,21+7 1,800 Total d e p o s i t s 17,302J+72 769,578 5,650,787 Deferred a v a i l a b i l i t y i t e m s 1,912,550 168,191+ 366,169 Other l i a b i l i t i e s i n c l u d i n g 14,060 accrued d i v i d e n d s 5,977 825 TOTAL LIABILITIES : 1+5,339 ,020 2388,97111,561+,ll+7 Capital paid in 191,1+01+ 11,169 67,508 Surplus ( S e c t i o n 7) i+59,823 27,557 156,549 Surplus ( S e c t i o n 15b) 27,1+55 3,012 7,255 Other c a p i t a l a c c o u n t s 55,828 2,807 5,405 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 1+4,055,550 21+55,pl6 11,780,662 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 6,502 1+16 2/2,080 Commitments t o make i n d u s t r i a l ' loans 5,705 — F . R. notes; o u t s t a n d i n g 24,694,470 ll+75,5l+0 5,696,158 C o l l a t e r a l _for .F. R. n o t e s : held by F . : R. A g e n t s : Gold c e r t i f i c a t e s 12,155,000 1+55,000 3,470,000 Eligible-paper 90,901 13,928 58,738 U. S. Govt, s e c u r i t i e s 15,578,627 1100,000 2,400,000 Total Discounts and advances Indus t r i a 1 loans U. S . Govt, s e c u r i t i e s 130,159 1,605 21,589,821 Within 15 days 92,510 1,042 5,721,099 Phila. Cleve. Rich. Atlanta Chicago S t . L o u i s l61+i+,l+07 2071,205 1658,790 1571,565 1+502,500 1075,729 786,811 1199,1051"; 705,991+ 1+5,986 70,0860 51,1+85 -51*156 55,772 18,81+8 1,601 9,1+91 1,800 865,551+ 15ll+,!M 778,127 12l+,!+09 189,552 165,872 715,002 2328,780 57,720 87,069 15,770 52,512 1,51+5 2,757 768,055 2470,918 154,167 286,061 591,500 l+!+,175 15,1+65 6*017 655,153 90,765 Minn, Kans.Cy. D a l l a s SanFran. 585,1+85 905,330 571,1+68 27ll+,293 590,745 55,086 9,616 2,030 758,507 1+2,701 15,465 818 727,078 1895.71+2 55,527 59,962 12,695 53,925 768 35,405 775,866 2023,054 81,460 165,610 455,477 815,489 4 8 , 9 8 9 , 91,284 412 552 658 1,152 91+6 1,573 719 665 2,200 605 2635,516 5576,581+ 2605,508 2274,228 7261,679 1820,250 1070,561 1810,655 1429,432 4904,089 6,380 4,208 8,067 11+, 207 22,798 7,038 18,714 7,299 17,853 6,513 54,720 20,676 18,663 65,078 38,106 41,594 15,729 13,777 16,577 10,997 ' 4,489 762 521 2,140 1,007 1,429 1,157 1,307 3,325 1,073 2,920 2 ,617 5,896 2,156 2,325 5,084 2,297 3,633 2,245 1,945 2691,652 561+0,583 2658,399 2505,569 7354,880 1845,906 1088,584 1856,198 1455,760 4965,621 526 605 519 266 884 228 I/166 1,618 89 -— 15 2,200 I65 228 215 572 450 — 167 1680,522 2118,155 1709,955 1405,077 4567,902 1106,596 600,900 922,518 596,537 2814,854 500,000 645,000 690,000 590,000 5000,000 500,000 8,915 — B,595 5,1+00 1200,000 1500,000 1055,000 850,000 1600,000 948,627 MATURITY DISTRIBUTION-OF-'-LOANS AND SECURITIES i84,oqo 280,000 8o:o 8,850 169,000 1850,000 — 5,875 500,000 1500,000 16 t o 50 days 51 t o 60 days 20,579 14,895 4 4 5,102,503 ,. ., 2 4 1 0 ,. 7. 7. .' ' l / A f t e r deducting 2 / After deducting 4 2 5 , 0 0 0 . 700,000 61 t o 2 to 5 6 months 91 days t o 1 to 2 years to 1 year years 6 months 90 days r 2,500 75 * ' 53 53 108 330 29 ... „ , 1,530,075 3,293,312 320,400 11+3,350 4,500,965 $261,559,^00 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. $4,421,000 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 B a r k s . Over 5 years 562,040
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