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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for I m p l i c a t i o n S a t u r d a y Morning, Jun& 1; n0 ^ earlier) E.k.l May 3 1 , I9I46 CONDITION OF THE INDERAL RESERVE BAMS During the week ended May 2 9 , member bank r e s e r v e b a l a n c e s i n c r e a s e d $18i| f 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 an i n c r e a s e of $U2J4,000 # 000„in Reserve Bank c r e d i t and a decrease of $28,000,000 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 , o f f s e t i n p a r t by a d e c r e a s e of $3,000,000 i n gold s t o c k and i n c r e a s e s of $1^5*000,000 i n money i n c i r c u l a t i o n , $119,000,000 i n T r e a s u r y d e p o s i t s w i t h Federal Reserve Banks, and $3,000,000 i n T r e a s u r y c a s h . Excess r e s e r v e s of member banks on May 29 were e s t i m a t e d t o be approximately $820,000,000. 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 $7h*000,0Q0 and of United S t a t e s Government s e c u r i t i e s $3lj0,000,000. The i n 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 a l i k e i n c r e a s e i n b i l l 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 the week and the year ended May 29, I9I4.6, were as follows 1 I n c r e a s e or decrease since May 29, 19U6 May 2 2 , I9I46 May 30, 191+5 ( I n m i l l i o n s of d o l l a r s ) UD 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 22,983 238 336 •f 3ii0 + + Ik Total Reserve Bank c r e d i t Orold s t o c k Treasury currency 23,556 20,21|2 U,533 •f + l&k 3 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 Treasury 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 *. R. accounts 15,689 23,106 2,265 681 1,591 + + + + - 11 1 18U 1U5 3 119 28 ,960 652 * 9 •1 - +1 ,298 28 392 + + 318 +1, 6 0 6 50 + 255 I467 H.U.l(a) STATEMENT OF.C ONDITION OF THE TWELVE FEDERAL RESERVE Bi\M%S COMBINED (In.thousands of dollars) I n c r e a s e or d e c r e a s e since ; May 29, 19U6 May 22, - May 30, 19U5 19^6 A S S E T S Gold c e r t i f i c a t e s Redemption fund for F# R, n o t e s T o t a l gold c e r t i f i c a t e r e s e r v e s Other cash Discounts and advances Industrial loans acceptances purchased U. S. Govt, securities: Bills Certificates Notes Bonds T o t a l 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' 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 deposits Deferred availability ite'ms Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L 259>9li5 236,507 l.l,32U - 1,995 + . 613 - 1,382 - 31,021 + 73.425 30 - 2,1421 72,li05 52,964 ; I9,l4l4l + ir,854 6^9,027 2,978 11,3214 + +3Uo,o67 + 9U1.757 + 508,285 + 721,750 212,200 22,982,592 +340,067 ' +1,959,59?- 23,231.Ihl ' 85 118,716 -1,907,701 35,029 56,128 +411,041 - 25 + 2,910 -108,293 +1 ,518,911 143 50I1 27 56,6140 260,44o 1,145 5,877 143,779,469 +272,683 +1, 6 0 1 , 5 5 5 214,066,1413 +119,911 +1 ,221,526 15,688,738 ' 680,516 608,209 U29,78B 17,1407,251 1/663,1463 . +183,721 +118,992 - 51,890 + 20,622 +271,445 '-121,271 13,828 43,150,955 + ' 913 .+270,998 1I4, 005,85li 6,355,596 1,738,200. 902,91+2 - + + '317,3140 255,015 550,871 29,888 8.398'. + 281,557 + + 1,1453 +1 ,1496,1143 A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of gold certificate reserves to deposit and F« R. note liabilities combined Commitments to make industrial loans 17,3^4,060 • 7^8,058 18,092,118 182,003 358,355 27,1428 •60,728' 113,779,1469 U3.6?o 5,U3l + 1,618" +272,683 + 13,858 + 130,202 +. 263 39,111 ,601,355 + + + 67 20 •1.1$ 1,111 H. l+.l(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANES Oil MAY 2 o , I9.46 ( 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 Redemption fund ucher 17,344,060 750,999 ITev/ York Phi l a . Cleve. 5,009,151; 821,665 1105,812 Rich. 4 A t l a n t a Chicago S t . Louis 799,936 962,106 3632,58/4 Minn. Ka.ns.Cy. 558,050 324,729 96,770 1;2,553 19,936 54,885 D a l l a s SanFran. 560,981 1,53,721 2564,340 for ¥. R. notes T o t a l gold reLorve J - Boston 748,058 58,020 H9,03li 59,902 76,615 60,795 43,566 25,790 110,olo 18,092,118 259,945 236,507 1,321; 11,324 809,019 22,225 15,183 87 — 5,128,188 67,435 6f«,Cll ~ 11,324 881,647 1182,427 16,843 21,828 15,319 42,645 1,204 — 8 6 o , 7 3 i 1005,694 3729,354 17,674 18,590 28,584 13,^90 6,010 27,995 33 600,533 10,175 16,260 344,715 3,759 4,300 595,869 15,624 6,710 479,511 2474,380 7,691 29,512 3,9"'4 15,580 14,005,854 844,023 3,60^,262 910,582 1238,286 910,602 619,79" 373,610 645,282 513,055 1719,727 certificate casn d i s c o u n t s and advances I n d u s t r i a l loans Acceptances purchased U. S, Govt, s e c u r i t i e s t D i l l s Certificates *otes DOnds 6,335.596 420,436 1,738,200 115,349 902,942 59,92-.' r 7 734,352 1391,274 l,5^-',520 47 '.7^ 610,796 307,568 517,532 456,916 131,557 167,575 109,0/5 87,117 226,964 66,236 87,050 5^,662 45,255 816,600 517,912 180,73^ 301.925 268,337 652.458 224,030 "7,221 49,586 ~2 ; 836 73,618 175,512 116,5" 1 45,50? 25,758 43,051 5j}>J\*2_ .._90,134 Total U. S. Government securities 22,982,592 1459,728 5,861,6'2 1538,968 2103,707 1473,907 1184,256 3043,295 1070,241 629,695 1073,074 R 23,231,747 1454,998 5,9^0,997 1603,491'2146,352 1492,430 1190,266 3076,238 1036,521 633,993 1079,764 097*2362629,391 93,252 2615,"11 Total loans-and secu"rltiii~~" Due from f o r e i g n banks ,35 F.R.notes of o t h e r banks 118,716 U n c o l l e c t e d items 1,937,701 Bank premises 33,029 Other a s s e t s 56,12£ TOTAL ASSETS 6 5,145 143,522 l,5'-9 3,/03 7 4 4 3 , 7 7 9 , 4 6 9 2457,947 11,602,558 2631.177 3561,524 2551,361 2354,227 7170,102 1798,643 1039,750 1310,162 1474,905 5547.155 1/ After d e d u c t i n g $57,000 p a r t i c i p a t i o n s of o t h e r Fider-.l R.::ervo Banks. H.liNl(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON M Y 29, lgl*6 (In thousands of dollars) New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 5,1*05,928 1618,729 2056,830 161*7,198 11*26,265 1*1*05,551 101*5,295 553,602 886,581 L IA B IL1 iSS Total Boston Dallas SanFran. Federal Reserve notes 21*,066,1*13 11462,090 591,358 2989,386 Deposits: Meraber b a n k - r e s e r v e a c c t . 15,688,753 702,068 1*,965,339 772,570 1158,951; 681,595 726,555 2250,80!* 590,502 391,530 765,855 738,559 1936,829 51,1*1*1 51,066 21*, 538 U . S . T r e a s u r e r - g e n e r a l a c c t . 680,516 56,123 123,250 1*0,829 101,659 55,001 58,217 125,151* 29,5li* 25,98!* 18,892 18,320 1*8,119 Foreign 608,209 57,089 1/225,877 1*7,517 55,21*2 26,907 21,755 76,7H* 19,1*65 11*, 312 p ?nc 1, A. 2.^7 1,21*9 other 1*29,788 5,51*7 5U8,7l*6 2,753 11,919 l,8l*2 1,511 2,627 12,Q1*5 2,11*1* Total deposits 17,1*07,251 798,827 5,665,192 865,1*71* 1298,751; 7fe5,3l;5 767,836 21*55,279 651^21* 1*31,970~ 308,531* 790,1*15 2152,321 Deferred a v a i l a b i l i t y items I , 6 6 3 , h 6 5 135,505 331,900 96,661 166,061 127,190 113,61*1* 2J|3,373 37,261* 92,231* 70,751 169,901 73,899 Other l i a b i l i t i e s i n c l u d i n g accrued d i v i d e n d s 13,828 530 556 1,275 786 3,989 800 1,379 690 62o 2,350 360 513 TOTAL LIABILITIES 1*3,150,955 2397,288 11,1*05,009 2579,661* 5505,OOl* 2520,1*25 2528,565 7086,555 1776,051 1023,196 1787,679 U* 53,030 5292,883 C a p i t a l paid i n 16,760 61*, 365 13,1*89 18,258 7,603 6,787 21,599 5,811 3,959 182,003 10,809 6,589 5,971* Surplus ( S e c t i o n 7) 28,921* 10,670 11,891 358,555 22,1*59 116,860 23,9146 55,71*5 15,593 U*,l*50 53,029 12,939 8,869 2,11*2 Surplus ( S e c t i o n 13b) 1,1*29 5,526 27,1^28 1,307 l*,5oi 1,007 1,075 1,137 527 7,205 762 3,012 6,1*26 Other c a p i t a l accounts 11,119 !*,1*16 60,728 5,510 3,257 2,655 3,1*81 7,712 3,555 1*,577 3,863 1*,399 TOTAL LIABILITIES AID 1*3,779,1*69 21*37,91*7 11,602,558 2631,177 3561,521* 2551,361 235l*,227 7170,102 1798,61*3 1039,730 1810,162 ll*7l*,903 53u7,135 CAPITAL ACCOUNTS Commitments t o make i n d u s t r i a l loans 170 15 5,603 521 >65 857 5,1*31 F. R. n o t e s o u t s t a n d i n g C o l l a t e r a l for F.R.notes held by F.R. A g e n t s : Gold c e r t i f i c a t e s E l i g i b l e paper U.S. Govt, s e c u r i t i e s 21*, 693,082 11*91,812 256,507 1,521* 11,521* 22,982,592 561*,597 910,01*6 619,51*3 3098,216 5J*95,ooo 500,000 655,000 550,000 61*o,ooo 2595,000 500,000 170,000 280,000 169,000 1700,000 2,750 -3,500 28,051 5,559 — 12,850 --12,200 1,300 700,000 500,000 1600,000 2,100,000 12 00,000 1550,000 1175,000 850,000 1900,000 908,802 1*00,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 1 to 2 2 to 5 Over 61 t o 6 months 16 t o Within 9 I days t o 51 t o y e a r s y e a r s 5 years 90 days 50 days t o 1 year 15 days 6 months 60' days 22,186 7,010 11*6,957 60,371* 56 19 1*6 75 8 7 '9 1,106 2,690 51 5,1*56 5,167 21,1*00 1*60,500 2,56!*,2o6 590,190 2,71*0,050 5,026,610 5, 558,209 2,585,885 5,657,51*2 1 / A f t e r d e d u c t i n g $581,855,000 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 11,1*1*1*, 000 1*10,000 71,515 7,503 15,985,802 1100,000 Total Discounts and advances I n d u s t r i a l loans Acceptances p u r c h a s e d U. S, Govt, s e c u r i t i e s 5,51*5.939 1657,289 2086,893 170l*,637 11*62,765 1*1*72,526 1079,021
@FedFRASER