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BOARD 0? GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released f o r P u b l i c a t i o n F r i d a y morning,. September 26} n o t e a r l i e r . ) U.kn September 2 5 , l9it7 CONDITION OF THE FBDEHA.L RSSEhVE BANKS • • ll W i l l i > Wil^l MHIHI'IXW I H I • • 1 1 1 Mil ..Ill •• Wl <» • During the week ended September 2l±, member bank reserve balances decreased $297,000,000* Reductions in memberfeankreserves arose from increases of 0560,000,000 in Treasury-deposits with Federal-Reserve Banks and $13,000,000 in Treasury cash, offset in part by increases of ^179,000,000 in Reserve Bank credit, 015,000,000 in gold stock and $2,000,000 in Treasury currency and decreases of $77,000,000 in money in circulation and $3#000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on September 21* were estimated to be approximately $950,000,000. I Holdings of l o a n s , d i s c o u n t s and advances decreased $11,000,000, while 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 v362,000,OOO f 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 c t s an i n c r e a s e of 0375*000,000 i n b i l l s and d e c r e a s e s o f . $ 1 0 , 0 0 0 , 0 0 0 i n c e r t i f i c a t e s and $3,000,000 in notes,Changes i n member bank r e s e r v e b a l a n c e s and r e l a t e d items d u r i n g the week and t h e y e a r ended September 21;, l<)kl$ v/ere.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 Sept* 2I4, 19^7 Sept* 17# I9hl (In mi H i one5 - -1 ,7iiS 17U 90 22,573 21,950 1^,552 + + + 179 15 2 -2 ,012 +1.,0x9 + 5 16,831 28,556 '1,319 800 1,569 _ 297 77 13 560 + + - 856 108 960 128 233 To^al Reserve Bank c r e d i t Gold s t o c k Treasury c u r r e n c y Member bank r e s e r v e b a l a n c e s ;tfi'V,ey i n c i r c u l a t i o n Treasury cash Treasury deposits with FM R# Banks Nonmember deposits and other F# R# accounts * dollars) 362 11 173 22,118 121 33k 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 of Sept. 2 5 * I9k6 + / + + - 3 lUul(a) STATEHBlif •0r"?CQKD'rifiPB OF THE TYJ3LV3 FEDERAL KE3ERVE MMiS COUBIMSP >( In 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 September ip" 19U7 September 17, 19U1 September 2 5 , 19^6 A S SE TS Gold certificates Redemption fund for F# R* notes Total gold certificate 'reserves Other cash Discounts and advances Industrial loans Acceptances purchased U. S. Govt* securities: Bills Certificates Notes Bonds Total U» S« Government securities 15,910,979 7,015,916 1*71,800 719,690 +371*, 762 - 9,500 - §,500 22,118,385 +362,762 -1,71*7,1*18 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 b a n k s ' 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 22,238,952 99 131*. 758 .2,727,757 35,261* +351,701 -1,921*, 71*8 7 1*,83S + 287,795 + 522 TOTAL ASSETS 20fbl7^674 •• '705,068 20; 722,71*2 259,082 118;,6U6 • l',901 - '2,1*55 + -6,578 -11,133 + 72 + 521+ -535,755 + 1,1*01 ; 519 - 828,525 759.1*95 123,800 - 55,6oo * 5,302 -176,525 + 9l*7,U25 ,2U,1*89,812 - 76,085 + 16,850,557 799,663 1*00,720 523,!5Q7 18,55l*,l*l*7 -297,1*1*8 +559,269 - 31,1*18 + 25,821 -361,053 + 855,955 - 128,1*00 - 266,921* 20,858 + 1*59.755 + 571*. 826 + 2,301 -178,613 7,582 895,707 Deferred a v a i l a b i l i t y items •2.395.-983 Other l i a b i l i t i e s i n c l u d i n g accrued 20,899 dividends TOTAL LIABILITIES 1*5.1*59,11*1 ' C A P I T A L ACCOUNTS C a p i t a l paid i n 193,14*2 Surplus ( S e c t i o n 7) 1*39,823 Surplus ( s e c t i o n 13b) 27,1*55 Other c a p i t a l a c c o u n t s 1*6,203 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*6,166,061* 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, n o t e k8;.lfo 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 3,125 for foreign correspondents 7,1*00 Commitments t o make i n d u s t r i a l loans +2,690,1*96 61*, 51*9 +2,625,91*7 1*0,562 - 171*, 862 + 870 3.558 1,996 U59 1*9.1*50 U6,l66,o6U 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 accourit U . S . T r e a s u r e r - g e n e r a l account Foreign Other Total d e p o s i t s - +256,221* 20S( H 2,070 •176,523 + + + 73.516 ; 9,228 -61,1*68 27 •-39.005 + 9347,1*25 5.6fo4 111 67 +. + 3.125 1,1*59 H.l*.lj(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAi'KS ON SEPTEMBER 21*, I9U7 ( I n thousands of d o l l a r s ) A S S E T S Total Cold c e r t i f i c a t e s Boston 2o,017,671* . 728,50i* New York Rhila. Cleve. Rich. 6,858,791* .832,076 111*6,166 825,083 Redemption fund f o r Atlanta Chicago S t . L o u i s Mi-nn. Kans.Cy-. 722,770 1*508,739 575,151 351,212 D a l l a s SanFran. 589,813 1^67,086 263§,280 ; 705,068 : F. R. notes 55,175 120,329 60,1*71,75,196 63,219 51,556 97,581 1*5,ill ,22,051 35,9**6 25,988 52,1*1*5 T o t a l gold c e r t i f i c a t e reserves other cash. 20,722,71*2 783,679 6,959,123 892,51*7 1221,362 259,082' 2>*,5o6 1*2,61*5 13,512 20,1*52 Discounts and advances i n d u s t r i a l loans U. S. Govt, s e c u r i t i e s : Sills 118,61*6 1,901 1*,267 13,910,979 91*0,006 Certificates BotesBonds 15,975 1*,H*0 1,865 21,036 888,302 77l*,526 1*1*06,520 620,262 13,71*3 2o,810 39,687 11,236 11,781 36 2,537,61*5 111*2,379 11*38,301 1105,625 8,750 373,263 625,761 1*93,071* 268l*,725 8,21*1* io,62l* 10,660 1*3,183 8,032 ' 17,622; —* 10,828 11,232 978,351* 1872,396 682,525 1*59,391* 765,001* 7,015,916 1*61,1*61 1,81x2,896 1*65,213 69l*,667 1*27,71*1 35l*,737 867,31*2 377,161 1*71,800 31,032 123,929 31,281* 1*6,715 28,761* 23,855 58,326 25,363 719,690 ii7,337 . 189,01*3 '1*7,721 71,259 1*3,877 3 6 , 3 8 9 - 8 8 , 9 7 2 , 38,689 l,27l* 3,707 567,673 11*21,687 198,885 338,1*16 330,116 13,375 22,758 22,199 2o,l*o2 3l*,7l5 33,863 657,281 1*1*,200 67,1*25 Total" IT. S» Government. securities T o t a l loans and securities Due from f o r e i g n banks F.R. n o t e s of o t h e r banks Uncollected items Bank premises other a s s e t s TOTAL ASSETS 22,118.585 ll*?9,836 1*,693,513 1686,597 2250,91*2 1606,007 1393,335-2887i026 1123,73.8 692,056 1160,893, 953,851 2190,591 22,238,932,11*81*, 103 702,881*1172,125 09 13^,758 6 '•; l*,90l* -, .; 2,727,757 2ih,89l 33,261* 1,259 1*9,1*50 '.. 3,226 1*;709,1*88 l692,602 22?1,978 1617,821* 11*02,085 2895,058 111*1,362 l / 30 - 2"i,i*73 - 509,509 8,312 12,093 : 8 6,521 9 6,7^6 5 11,31*7 192,076 268,21*8 250,770 3,127 5,189 2,61*1 5,015 1*,992 3,126 1* 12,351 ll* ' 17,095 : 1* 8,312 3 11*633 165,238 1*03,605 120,329 l,i*97; '3,056' 1,979 2,607 6,1*99 5,077 79,601 1,219 1,275 h 9,083 955,125 2l9i*,298 3 5,21*1 9 20,052 11*1*,919 115,960 2,1*71* 773 2,366 2,319 262,611 1,738 1*,835 ' 1*6/166, p6i* 2-516,371* 12,262" 675 28p3,1*08 3790,956 2787,758 2378,918 7771,331* 1906,561 1170,122 1967,356 1583,155 5211,1*1*9 l / A f t e r d e d u c t i n g $69,000 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. H.l*.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 22*, 192*7 ( I n thousands of d o l l a r s ) New York P h ila, Cleve. Rich. A t l a n t a Chicago St,'Louis Total Boston 2i*,l*89,812 Hiii7,.7ti8 5,62o,.l69 1658, did. 2120,269 1717,873 1397,085 14589,857 1100,992 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 . 16,850,557 U . S . T r e a s u r e r - g e n e r a l a c c t . 799,665 Foreign 1*00,720 Other 523,507 Total d e p o s i t s 18,5514,1*147 733,860 5,230,7814 829,368 l2UT,90li 161,793 63.1*27 914,876 58,170 22,6^9 1/ 160,695 28,577 32,810 U>4oo 1441,995 1,998 6,623 Minn, Eans.Cy. 609,982 D a l l a s SanFran. 937,551 612,150 2,6?8,08t 72+8,2624 720,935 2§57.639 53,011 1414,917 118,565 17,287 Ii4,it65 itf.981 3,317 1,661 6,1*06 607,505 100,720 826,073 788,226 2095,681 36,555 27,81*8 35,1406 57,561* 69,551 8,820 12,52+8 12,51*8 11,6)42 51,100 8,677 2,026 931 1,307 i*i*,l66 5,995,265 923,970 1562,215 821,879 781,976 2730,591 665,085-1*82,1*11* 872,758 858,739 221*0,1*78 1*22,701 162,702 228,61*6 211,001* 168,1*57 555,11*0 115,1*18 66,193 129,853 106,1487 228,586 819,079 Deferred a v a i l a b i l i t y items 2,595,985 202,996 Other l i a b i l i t i e s including accrued dividends 20.899 1.120 828 2.QQli 5.100 l.yft 2.105 1.2LQ 1.106 2,9?2 ,899 ML TOTAL LIABILITIES 1*5,1459,1^1 21*7o,9it5 12,01*3,565 271*6,079 5755,233 2752,005 231*8,711* 7676,520 1880,352 1159*209 192+1,061 1558,201* 51149,01*6 C a p i t a l paid i n 193,1*1*2 11,212 68,170 ll*,502 18,807 8,11*3 7,1*1*5 25,151* 6,51*3 14,267 6,1*67 7,211 17,923 Surplus ( S e c t i o n 7) 1439,823 2.7,557 136,5149 514,720 1*1,5924 20,676 18,663 65,078 16,577 10,997 15,72? 15.777 58,106 Surplus ( S e c t i o n 15k) 27,1455 . 3,012 7,253 14,1+89 1,007 3,325 762 1,1*29 521 1,073 1,137 1,30? 2,11*0 Other c a p i t a l a c c o u n t s 1*6,205 5,650 7,136 3,818 1*,515 5,609 5,556 5,155 2,788 2,31*6 2.962 2.656 1+.251* m. TOTAL LIABILITIES AND CAPITAL ACCOUNTS ^ I*6,l66,p6l4 2516,371* 12,262,675 2805,1408 5798,956 2787,758 2578,918 7771,55k 1906,561 1178,122 1967,356 1583,155 52ll,l4l*9 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 purchased for foreign correspondents 5,125 200 2/1,000 253 290 153 128 4425 110 78 110 103 275 Commitments t o make i n d u s t r i a l loans 7,1*00 580 -I427 78 892 1,U91 3,750 29 153 F% R. notes o u t s t a n d i n g 25,2524,169 1502,628 5,769,759 1705,702 2185,087 1762,080 1242*9,359 14695,1*57 Hl4l4,722 625,205 966,2490 61*1,81*2 2807,858 C o l 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 11,888,000 2*l£>,000 5,l*7o,ooo 515,000 695,000 560,000 1*75,000 2850,000 500,000 i8l*,ooo 280,000 169,000 1950,000 E l i g i b l e paper. 57,891 2,379 5,735 1,750 — 10,055 — — 16,591 10,090 10,200 — 1,111 U . S . Govt, s e c u r i t i e s 15,89!*, 612 1100,000 Total scounts and advances d u s t r i a l loans S. Govt, s e c u r i t i e s Within 15 days 118,62*6, 95.160 1,52*8 1,901' 22,118,585-5.2417,902 2,1.00,000 1200,000 1500,000 1220,000 1000,000 1900,000 921*,612 1*50,000 700,000 500,000 1000,000 'MATURITY DISTRIBUTION OF LGAiJS ABB SECURITIES 1 to 2 2 to 5 61 t o 6 months 91 days iDver 16 t o 31 t o 30 days- 60 days 90 days 6 months to 1 year years 6,08l4 9,899 12 25 62 53 110 1,872,150 i*,275,209 **,77l,62i' 2,983,580 5,92*0,835 176,1*00 l / A f t e r d e d u c t i n g $259,90!*,000 p a r t i c i p a t i o n s - o f o t h 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 , 1 2 5 , 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, 2*,924l4 2,52*7 2 years 301 255,150 5 years 2*27,5240
@FedFRASER