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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(Released for P u b l i c a t i o n F r i d a y Morning, May 10$ n o t e a r l i e r )
IUU.1
May 9, I9I46.
CONDITION OF THE FEDERAL RESERVE BANKS
During t h e week ended May 8, 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
$ U J 0 0 0 , 0 0 0 . - Additions'to-member ' b a n k ' r e s e r v e s a r o s e from* to i n c r e a s e of
$135,000,000 i n Reserve Bank c r e d i t and a d e c r e a s e of $95,000,000 i n Treasury
d e p o s i t s w i t h F e d e r a l Reserve Banks, 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
gold s t o c k and i n c r e a s e s of $70,000,000 i n money i n c i r c u l a t i o n , and $15ij,G00,000
i n nonmember d e p o s i t s .and...other F e d e r a l Reserye a c c o u n t s , - E x c e s s r e s e r v e s of
member banks on May 8 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 $900,000,000.
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 £18,000,000, w h i l e
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 i n c r e a s e d £153*000,000. The i n c r e a s e 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 e t s t i n c r e a s e s of
$68,000,000 i n c e r t i f i c a t e s , $63,000,000 i n b i l l s " , and; $22,000,000 i n n o t e s .
Changes i n member bank refeerve b a l a n c e s and r e l a t e d items during t h e week
and t h e year ended May 8, I9I4.6, were as follows j
I n c r e a s e or d e c r e a s e
since.
May 8,
May 1,
May 9 ,
I9U6
(In millions
of,dollars)
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
22,732
208
278
•f
153
18
T o t a l Reserve Bank c r e d i t
Gold s t o c k
Treasury currency
23,219
20,2l;8
+
135
3
1
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 'deposits - w i t h F« R. Banks
Nonmember d e p o s i t s and o t h e r F. R. a c c o u n t s
15,751
27,958
2,266
h.53h
h
3U
1,712
+
70
1
95
1%
+2,012
.- 3^8
•36
:
+1/630
~ 10i|
+ i»02
+ 722
+l;6U6'
- 118
- 133
- 190
H/U.l(a)
STATEMENT OF CONDITION
OF THE1 TWELVE -FEDERAL RESERVE' BANKS COMBINED
( I n thousands of d o l l a r s )
I n c r e a s e or d e c r e a s e
since
May 8,
: 1946 :
May 9 ,
1945
May 1,
,. 1946;,
A S S E TS
Gold certificates
Redemption fund for F# R. notes
Total gold certificate reserves
Otner cash
Discounts and advances
Industrial loans
Acceptances purchased
U0 S. Govt, securities.
Bills
Certificates
Notes
^
_
—
«
—
• . . ,
•
•
—
.
•
••
* • "
- •
> "
-I
-
•Bonds
Total U. S. Government
securities
Total loans and securities
Due' from foreign banks
F. R. notes of other banks
"Uncollected items
Bank premises
Other assets
TOTAL ASSETS.
17V346,O6O
749.015
18,095,075
304,103
206,917
1,383
16,497
+
-
5
1,394
+<
a*-
- 1,389
- 24,297
- 17,601
114
+ 3,356
+
162,300
71,638
90,662
63,302
344,532
2,829
16,497
+
13,898;574
6,235,596
1,695,200
• 902,942
+ 63,104
+ 68,300
• 21,500
694,160
823,385
707,350
212,200
22,732,312
+152,904
+2,012,695
22,957,109
110
;
123,333
ij, 818,921
; 33,021
+138,545
+1,681,831
- 14,514
-185,375
58
+
162
+
+
43:, 335,117
- 86,926
+1,947,922
23,964,229
+ 32,313
+1,241,769
1 53,445
'3
38,962
259,698
1,200
4,006
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
TotaJ. deposits
Deferred availability litems
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 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
15,750,966
.313,900
' 746/204
• 416,074
17,227, 144
1,557,321
+?
+ 3,717
••- 95,355 . + 17,694 ' +:
+134,989
+
+ 6i,o45
-182,056
+,
12,888
42,761,582
+
194
- 88,504
181,761
358,355
27,428
• 55,991
'45,385,117
+
43.9$
< 1,914
' 42
721,614
132,714
325,338
24,229
287,791
312,035
+
1,407
+1,843,002
r
+ 1,536
- 86,926
+
13,890
+ 130,202
+
263
39,435
+1,947.922
+
•i
-
A%
235
2.0f°
1,817
n J i . 1(h) #
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 8, 19^6
( I n thousands of d o l l a r s )
ASSETS
Total
Boston
17,3^6,060
726,902
7^9,015
58,173
119,671
reserve?'
18,095,075
other cash
3Qi*,l03
i/iscounts and advances
206,917
I n d u s t r i a l loans
1,333
Acceptances purchased
16,1+97
U. S. Govt, s e c u r i t i e s :
^ilisfl.
..
13,898,571*
^rtmotttes
6,235,596
lote/
1,695.200
B ndS
°
902,91*2
785,075
28,81+2
"19,1*23
"" =• 92
•?-•-
5,o!+2.,2+2+2
77,1+m
39,806
-16,1+97
836,567
1+13,273
112,353
59,81+1+
3,66b,872 955,739 1238,031
1,568,551* 1*71,157 600,839
2+26,2+22+ 123,088 163,32*3
227,133
68,225
87,001+
Gold c e r t i f i c a t e s
New York
h,922,771
Phila.
Cleve.
Rich.
780,U3U 106^756 • 868,197
Redemption fund f o r
F
*
Rm n
°teS
Total gold
Atlanta
60,211;
76,800
59,8^
Chicago S t . L o u i s
978,102 3687,965 551,963
f
.Minn # Kans.Cy.
D a l l a s SanFran.
32U,5l*9
560,539
1^6,9652^32,867
,20,011
3^,911
25,623
-
h5,75h
96>999
te,6o2
110,226
certificate
T o t a l U * S. Gove rnine n t
securities
22,732,312 12+22,01+2
Total loans and
s e c u r i t i e s ;Due from f o r e i g n banks
'
82+0,698 112+1,556 928,om : 1021,856 378U-.96U
20,288
25,985 21,2+1+8 22,1+65 30.583
10,992* 38,2*35
6,762+
5,310
58,685
1,255
—
36
---
.\>
629,838
313,101+
85,121
1+5.339
659,1*H
297,055
80,756
IrS.Olli
523,257 1623,953
26!+,012 622,393
7 1 , 7 7 5 169,203
^fi.2^1
90.125
628,337 1080,236
897,275 2505,67!+
•
22,957,109 11*1*1,557
, 1 1 0 .
2+72,793251+3,095
lo,ol+o
32+,839
3,1*1*0
%4l
—
—
5,886,983'1623,209 2089,217 11*32,521- 1171,529 2921,887 1073*1*02
7
l / 37
9
10'
5
1+
15
376,280
177,921+
1+8,369
25.761+
-
5,91*3,286 1635,1*58 2127,702 12+39,321 1176,839 2980,572 1087,622
O . n o t 3 s of other banks 123,333
3,076
1 5 , 3 7 9 ' 2*,957
5,175
Uncollected items
1,818,921 136,71*1*.
375,651*. ,119,728 168,722+
^anic premises
.. .33,021
.1,33!+
8,6oi
3,266
"3,951
uther assets
53,1*1*5
3',329' • 11,927
'3,528.
5,983
TOTAL ASSETS
878,311* 729,11*8 1783,161+
391,205 312,268 803,807
106,353
8l+,89l* 218,521
56,61+9 1+5,219 116,395
592*,565 32+!+,56o 595,2+50
10,61+1
2+.,055
17,U76
l2+,220
1,825
2,085
—
—
--
1+
*"
630,162 1082,321
3
k
'38,2+55
8,82o
13,031
7,606
3,227
it,530
12+7,1+22+ 126,82+7 28.0,90b" 82+,812 2+5,853
88,893
2,72+1
l,55l* • - 3,Q96-i • 2,o2+o - 1 , 2 1 5
$.,568
3,2*21+
5,012
6,732
5 , 3 2 5 ; ; 1,2+2+2+' • 2,2+2+0
900,715 2511,55!+
3
9
3,955
15,122
7l*/856 168,2+86
. 817
1,838
2.392
5,909
1*3,.385, H 7 2399,96^ n,-2+72+,*767 2627,932 32*79,086 2580,859 2361,377 7P9?,893 1790*615 1030,519 1793,682 12+65,571 5280,852
l / ~ A f t e r d e d u c t i n g 573,000 p a r t i c i p a t i o n s of o t h e r Federal Reserve Banks.
H.i4.l(c)
L I A B I L I T I E S -
STATEMENT OF CONDITION OF THE FBDSRM, ,(ES3.{VE BJJtfKS ON MAY 8 , I9I4.6
( I n thousands of d o l l a r s )
Total
Boston
F e d e r a l Reserve n o t e s
23,961^,229 1452,885
Deposits:
Member bank-reserve a c e t . 15,750,966 7 0 i , 8 4 4
26,176
U.S.Treasurer-general acct,
313,900
45,419
Foreign
7l±6,20li.
2,81+2
Other
ij.16,0714:
New York
Phila.
Cleve,
Rich.
Atlanta
Chicago St.Louis
M i n n . Kans.Cy.
Dall as SanFran.
5,345,452 l6ol+,0?6 2029,187 1655,714 1^27,661+ 4373,063 lOi+4,562
553,011+
838 ,01+1
591,088 5001,503
601,232
13,106
23,932
9,920
387,552
15,350
17,597
2,673
767,269
10,1+52
25,229
2,003
755,358 1953,688
32,513
6,21+0
22,521;
59,157
2,591
1+5,836
4,942,782
72,793
1/276,308
351,877
785,250 1144,476
21,317
52,551
65,1+62
53,425
4,532
3,052
711,252
17,380
35,085
5,258
744,727 2275,776
16,865
49,174
26,71+8
94,322
1,802
3,778
Total deposits
17,227,11+1+ 776,281 5,623,760 868,Ol!.2 1247,071 766,953 790,140 2423,050 61+8,190 422,957 802,958 786,493 2071,249
Deferred a v a i l a b i l i t y item* i 1,557,321 129,702
74,960
505,235 103,853 11+5,646 123,939 117,410 218,636
79,927
57,785
65,945 153,257
Other l i a b i l i t i e s i n c l u d i n . T
accrued dividends
I,ox
770
660
1,986
562
582
12,833
737
5,949
1+32
1,243
495
1,179
TOTAL LIABILITIES
42,761,582 2359,605 11,276,1+21+ 2576,721 3421,147 2550,266 2335,776 7016,735 1763,205 1014,136 1771,421 il+43,950 5227,183
Capital paid i n
13,160
.61+., 328
6,765
131,761. 10,315
13,1431
7,593
3,954
5,970
21,577
5,791
6,571
16,751
Surplus ( S e c t i o n 7)
116,860
10,670
28,91+6
8,369
53,029
353,355 • 22,1+39
14,450
12,959
11,391
15,593
23,924
Surplus ( S e c t i o n 13b)
27,423
3,012
3,526
l+,50l
7,205
1 ,007
1,075
l ,429
1,137
527
1,307
762
2,142
01he r c a p i t a l accounts
4,076
9,950
3,265
2,487
7,125
3,065
55,991
4,093
4,2(33
3,155
5,027
3,624
5,647
TOTAL LIABILITIES ,2W
CAPITAL ACCOUNTS
43,385,117 2399,964 11,474,767 2627,952 5479,086 2580,859-2361,377 7099,893 1790,615 1030,519 1793,682 1465,571 5230,352
Coriiirdtments t o make
i n d u s t r i a l loans
1,914
354
521
299
—
3
170
67
F . R. n o t e s o u t s t a n d i n g
, 24,607,164 1476,355
C o l l a t e r a l f o r F . II. n o t e s
h e l d by F . R. .'.gents;
Gold c e r t i f i c a t e s
11,339,000 410,000
E l i g i b l e paper
69,362
16,543
li. S . Govt, s e c u r i t i e s
14,003,523 1100,000
D i s c o u n t s and advances
I n d u s t r i a l loans
a c c e p t a n c e s purchased
U. S. Govt. s e c u r i t i es
Total
206,917
1,535
16,497
22,752,512
5,502,268 1645,631 2087,350 1714,005 1464,936 4437,196 1079,212
911,581
6i4,ll9 3112,1+13
3,420,000 500,000 655,000 570,000 640,000 2545,000 500,00.0 170,000 230,000
24,321
7,259
, 4,649
—12,690
700
600
2,100,000 1200,000 1550,000 ii75,ooo 350,000 1900,000 928,523 400,00.0 700,000
MATURITY DISTRIBUTION OF LOANS ^ D SECURITIES
169,000 1750,000
2,100
1600,000
500,000
'Within
15 days
104,369
1,161
4,916
3,129,924
562,098
61 t o
6 months
91 days t o
2 to 5
1 to 2
6 months
to 1, year
90 days
years
years
76,302
15,501
10,245
:
46
80
59
8
9
19
5,197
1,456
4,923
2.633,346, . . 5 , 6 5 1 , 4 3 7
4,936,209.
. 2 , 6 6 9 , 5 5 0 . , 2.534,706.
21,400, 460,500
w
1 / Aft or deducting oj.^g 498 ,000 p a r t i c i p a t i o n s of o t h e r Feeler al r e s e r v e Bern's
16 t o
50 days
31 t o
60 days
Over
5 yosrs
590,190
@FedFRASER