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Bp.'iRD OF GOVERNORS -OF THE. FEDERAL RESiJRVS SYSTEM (Released f 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 , September 19; n o t e a r l i e r ) September 18, I9U7 H.U.I CONDITION OF THE FEDERAL RESERVE BANKS ... .I.II. 1 1 in. .111.. lit..111 ... , n . Mil... »> .in 1 ••' •» During t h e week ended -September 17 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 $196,000,000, A d d i t i o n s t o *jmxt&er'bank >reServes a r o s e from an incr^&se of $120,000,000 i n gold s t o c k and d e c r e a s e s of $109,000,000 i n money i n C i r c u l a t i o n , $23,000,000 i n Treasury c a s h , $3>000,000 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 Reserve Banks and $$0,000,000 i n nonmenber.deposits and o t h e r F e d e r a l Reserve account's, o f f s e t i n p a r t - b y a d e c r e a s e of '$7$y-0Q0>Q00 i n Reserve Bank c r e d i t * Excess r e serves of member banks on September 1-7 were e s t i m a t e d t o be approximately : P 1,150,000,000. .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 $10,000,000 while h o l d i n g s , o f United S t a t e s Government sec r a t i o s ' d e c r e a s e d $286,000,000. The; .de«> c r e a s e in, 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 .depresses fit $270,000,000 i n b i l l s and $17,000,000 i n c e r t i f i c a t e 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 during<the week and t h e year ended September 17, l'9it7* were as follows:. I n c r e a s e or d e c r e a s e since S e p t . 17, S e p t . 10, (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 21,756 132 507 + + .286 10 200 T o t a l Reserve Bank c r e d i t Gold stock Treasury c u r r e n c y 22,391; 21,935 . U.550 _ + - 78 120 1 Kernber bank r e s e r v e b a l a n c e s Honey i n c i r c u l a t i o n Treasury cash Treasury d e p o s i t s w i t h F.R. Banks •; Nonmember deDOSits and other F.R. accounts 17,128 28,63.3 1,306 2U0 1,572 + - Sept. 18, I96 109 23 3 20 <ri» •* _ + + + + - 1,665 131 33 1,830 1,61*7 5 : 8U8 180 959 119 127 STATE1EHT OF CONDITION OF TEE TFffiLVE FEDERAL RESEi.VE BANKS CCHBINED ( I n thousands of d o l l a r s ) H.U.l(a) I n c r e a s e or d e c r e a s e since September 17, September 10, 19U7 September 18, 19^6 19U7 ASSETS Gold c e r t i f i c a t e s Redemption fund f o r 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 Motes Bonds T o t a l U« S. securities : Governnent 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 other banks U n c o l l e c t e d items Bank premises Other a s s e t s TOTAL ASSETS 20,019,670 +127,1496 705,527 ; + ;5,555 20,725,197 ] +153,051 252,70!* + Hi. 767 129,779 + 9.282* 1,829 76 +2,692,li92 z 65,919 +2,626,573 1*5,868 - 132,1*21 + 762 13,536,217 7,025,1*16 U7U.300 719,690 -269,881 - 16,800 - 21,755,623 -286,681 — 5,hh5 35,600 -1,665,216 21,887,231 -277,i473 99 13U.231* ; + 19,087 3,261,510 • +793,328 31,863 + 26 U?.7it9 - 7,010 1*6,31*2,587 +675,776 -1,802,520 + 7 M90 + 371,501* 909 + ^»953 +1 ,151,055 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; liejriber bank -r-3ser„ye account U # S # T r e a s u r e r - ^en^ral account Foreign 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 , C A P I T A L ACCOUNTS 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 , 1 3 b ) Other c a p i t a l accounts TOTAL LIABILITIES AMD 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 foreign correspondents Commitments t o make i n d u s t r i a l loans 950,523 577,993 121,500 , **?- li*6,670 + + 81*7,802 118,963 218,876 .37,230 517,193 399,01*1* + 6,901 21*, 565,897 - 8U.515 •17,-123,005 21*0,39k 132,138 1*97,686 '18,298,223 2,755,036 +196,003 - 2,1*60 - 33,980 -H + 163'031 +593,919 + 18,598 U5,637,75U + 1,589 +671+,.021* + •3,li68 193,1*22 + 55 159,823 «••« 27,li55 + 1,697 1*1*. 133 1*6,31*2,587 ' +675,776 1*8.1$ 3,236 7.1*67 - + 1 ,099,808 + + *-4 9,037 81,1*68 27 s ,59,285 —i— +1,151,0.55 5.5fo 151 59 5,236 1,532 iUi..a(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS US SEPTEJEER 17, 19^7 (In thousands of dollars) A S S E T S Total Gold certificates Redemption fund for F. R0 notes 20,019,670 Boston Hew York Phila. 765,080 6 f 750,?lO Slt7,867 i 31*8,1*80 8lU,053 120,751 60,61*9 Cleve # 75,553 Rich. 61,957 Atlanta Chicago St # Louis. 736,1+51 U280,059 :51,665 97,725 575,081 1*5,151* Minn. Kans.Cy. Dallas SanFran. 36*4,995 602,959 1*88,162 2618,773 22,063 35,977 26,013 52,563 Total gold certificate reserves 20,725,197 820,737 6,871,1+61 908,516 1223,833 903,010 788,116 2+377,782+ 620,235 387,058 638,936 5H+, 175 2671,336 Other cash 252,7011 23,1+20 1+5,871 11,652 21,386 13,098 19,188 39,U+5 10,2+58 6,897 8,809 9,912 2+2,568 Discounts and advances 129,779 6,003 69,196 5,205 18,1+22 6,031 1,950 i+,232 8,929 828 2+,6o2 1,272+ 3,107 Industrial loans l , 8 2 3 9 U. S. Govt* securities? Bills 13,536,2^7 916,778 2,2+16,031 1090,796 1383,583 1076,720 956,682 1872,707 677,516 2+2+5,567 765,1+27 51*6,553 1387,852 Certificates 7,025,1+162+62,133 1,82+5,172 2+65,937 695,582 2+28,31+3 355,22+2+ 868,572+ 377,627 199,152+ 338,880 330,529 658,2i+i Kotes 12l+,57l 31,1*57 i+6,960 28,919 23,983 58,639 25,2+95 13,2+2+5 22,878 22,315 2+2+,2+39 1+71+.300 31,199 Bonds 169.021 2+7.731 71.256 2J3.880 36,391 88,977 , 331685 20.1+02 ; 32+.715 33.860 67.1+31 719,690 k7,%l Total U»S»Govex-n:ment securities Total loans and securities Due from foreign banks F.R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 21,755,62312+57,2+51 i+,572+,795 1635,921 2197,381 1577,862 1372,300-2888,897 1119*323 21,887,231 12+63,1*57 l+,6i+3,99l 162+2,922 2,215,8031,583,923 137U.250 : 8 9 5 - H 99 6 1 / 30 2S:, 727 6,212+ 9,736 12,122 15l+,23i+A 5,171 6j753 608,11+2 233,817 303,192 312,9^2 210,296 3,261,510'^62,851 : x 2 2,61+8 8,312 1,1*97 3,133 31,863 > 59 3,775 2,92+6 11,527 2,579 1+9,72+9 3*271+. 2,91+8 6,238 2893,129 1128,252 . 1 2 + h 16,911+ .9,19/0 1+97,667 12+1+,321 3,056 1,979 6,372 3,015 678,568 1161,900 933.262 2157,963 679,3961166,502 93I+,536 2161,070 3 1 + 3 9 13,507 8,91*2 i+,289 18,669 87,650 158,080 135,1*13 302,139 1,219 2,2+72+ 773 1,738 1,396 2,306 2,291 !+,857 i6,31+2,587 2580,175 12,212,061 2809,210 3785,989 2828,308 21+08,052 783l+,331 1917,1*51; 1177,126 1986,053 1601,392 5202,386 l / A f t e r deducting ^69,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. H.iul(c) STATELIEST OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 1 7 , 191*7 ( I n thousands of d o l l a r s ) Total Boston Minn. Kans»Cy, D a l l a s SanFran. Hew York Phila. Cleve.' R i c h . A t l a n t a Chicago S t , L o u i s 2.14,565,897 1454,545 5,635.544 1659.095 2127,63!; 1719,060 11*00,599 4602,157 1102,204 610,339 941.830 615,880 2697,010 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 b a n k - r e s e r v e a c c t . 1 7 , 1 2 8 , 0 0 5 783,1*18 5,256,;3li9 840,11*2 128k, 595 768,996 7U6,988 2 6 3 2 , 7 % 619.57^. 447,21*6 8U3,398 810,093 2089,li55 T 3,?2i 13,361 12,928 12,615 20,896 21,097 63,263 22,066 16,676 18,187 12,070 18,31k J » S . T r e a s u r e r - g e n e r a l a c c t . 21*0,39I; 52,360 12,705 33,93a 2 l u 7 i 0 1/170,211* 31,185 35,805 18,865 9,625 15,785 13-U75 Foreign 1*32,138 13,1*75 li,02li. klQ.hh^ 1.Q61 6,1* d* 3,238 883 1*4,851* 1,894 8,186 Other 1*97,686 kh5 Total deposits 18,298,223 838,21*9 5,909,269 895,354 132*3,480 809,336 768-5S8 2707.563 653,302 1*7&,015 875,6^2 8^6.296 2189,139 Deferred a v a i l a b i l i t y i t e m s 2,755,036 21*1,087 11*1,573 123,604 252,037 4 4 4 , 6 2 5 196,345 21*7,1,65 263,151 207,702 427,321* 135,01*9 Other l i a b i l i t i e s i n c l u d i n g 1,136 882 7U7 1,904 accrued d i v i d e n d s 793 1,067 3,889 1,21*3 1,921; 1,151 1.097 2,765 18,598 TOTAL LIABILITIES ^752,037 5720,503 2792,698 2377,986 7739,809. 169l,3»48 1158,514 1959,917 1576,527 5140,12*0 1*5,637,751* 253l*,9i*3 11,993,327 Capital paid in 193,1*22 11,212 68,166 li*,303 18,801* 8,11*2 7,1*1*3 23,150 6,3484,265 6,1*63 7,206 17,920 Surplus ( S e c t i o n 7) 3U,720 1*1.394 20,676 18,663 65.. 078 16,577 10,097 15,729 13,777 38^106 1*39,823 27,557 136,5u9 Surplus ( S e c t i o n 13b) 1*,1*89 1,007 3,325 762 1,1*29 521 1,073 1,137 1,307 2,11*0 27,1*55 3,012 7,253 Oth-er c a p i t a l a c c o u n t s 3,661 1*,281 3,467 3,198 4,915 2,660 2,277" 2,807 2,575 4,080 1*1*, 133 3,046 6,766 TOTAL LIABILITIES AND 46,31*2,587 2580,175 12,212,061 2809,210 3785,989 2828,308 21*08,052 7834,381 1917,1*54 1177,126 1986,053 1601,392 5202,386 -CAPITAL ACCOUNTS J2:aa£isgent l i a b i l i t y on b i l l s purchased for foreign correspondents 3,236 81 1*1*0 107 158 285 207 2/1,036 262 301 113 113 133 Commitments t o make i n d u s t r i a l 3,750 loans 7,1*67 — 153 961 1,1*91 76 1*27 29 580 F»R. n o t e s o u t s t a n d i n g 25,311;,894 1510,269 5,781,858 1712,138 2188,156 1757,260 11*52,720 1*703,272 111*7,948 622, 571 970,4 60 61*1*,906 2323,336 b i l a t e r a l f o r F . R. n o t e s h e l d by F.R, A g e n t s : Gold c e r t i f i c a t e s 11,938,000 1*1*0,000 3,1*70,000-515,000 695,000 560,000 1*75,0002850,000-300,000 181*, 000 280,000 169,000 2000,000 90 3,570 7,896 E l i g i b l e paper 83,588 1*,U5 511 59,256 2,815 — 4,335 U.S. Govt, s e c u r i t i e s 13,889,1*62 1100,000 2,1*00,000 1200,000 1500,000 1220,000 1000,000 1900,000 919,462 1*50,000 700,000 500,000 1000,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 2 to 5 6 months Over 1 to 2 61 to. 16 t o 31 t o 91 days t o T/ithin y e a r s 5 years to 1 year y e a r s Total 90 days: 30 days 60 days 15 days 6 months Discounts and advances 2,505 106,1*27 129,779 3,391 17.1*56 302 I n d u s t r i a l loans 109 """"56 """si* 26 1,829 1,282 hZl>%0 178,900 255,150 U.711.609 U. S. Govt, s e c u r i t i e s 3,016,080 2 1 , 7 5 5 , 6 2 3 3,038,532 3,917,833 1*, 078,979 2,131,000 1 / After d e d u c t i n g $261,800,000 p a r t i c i p a t i o n s of o t k e r F e d e r a l Reserve Banks* 2 / A f t e r d e d u c t i n g $ 2 , 2 0 0 , 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 Reserve Banks*
@FedFRASER