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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(Released for Publication Friday, morning, September 5» n o * earlier)
September h, 19U7
H.U.I
CONDITION OF THE FEDERAL RESER.VE BANKS
•
m
IM,,,,;•;
mm,
, ..
, i>
•
• I, PI.
,
,.
X'
During the week ended September; 3;> 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
$ 135*000,000» . Additions t o member „b%nk reserves ^rbjse from i n c r e a s e s pf
$lU5,000,000 i n Reserve Brink C r e d i t and #2,000,000 "in T r e a s u r y currency and d e c r e a s e s of $L|.56#OOOfOOO i n T r e a s u r y d e p o s i t s w i t h F e d e r a l Reserve Banks and
112,000,000 i n Treasury ca$H, o f f s e t i n p a r t by i n c r e a s e s of $i|ii7 f 000 t 000 i n money
i n c i r c u l a t i o n and $32,000*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 . Excess r e s e r v e s .of member banks, on September 3 wjere e s t i m a t e d - t o be a p p r o x i mately $8^0,000,000.
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 j$9,000,000, 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 $117,000,000. Th# i n c r e a s e
i n holding-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 ,ajs i n c r e a s e of *
$107,000,000. i n ^ ^ r t i f i c a t e s and $10-,p00,000 i n b i l l s .
Changes i n member bank reserve; b a l a n c e s arid r e l a t e d items dujring t h e week
and. t h e ye&rj ended September 3** 19U7»!w®r? as f o l l o w s :
I n c r e a s e or d e c r e a s e
since
Sept. 3,
Aug# 27,
Sept. k>
19U7 '
19U7
19U6
-^"JiW millions of""d;o liars")
U. S. Government securities
Loans, discounts, a nd advances
Other Reserve Bank credit t
•+'117
•'• 1 2 7
Total'Reserve Bank credit
Gold-.stock
Treasury currency
22,623
'21,765
Membeir bank .reserve balances
Money in circulation
Treasury cash
Treasury, deposits with F. R. Banks
Nonm&ftbejr deposits and other F* R* accounts
16,628
.;; 9
+ -37"
+ 1^5:
+
1,323
1,781i
1
2
+ 135
+ I4U7
- 12.
- U56
+ 32
- 1,163
I65
59
- 1,388
+ 1,1+81
9
+
+
+
+
+
639
2U3
958
166
12
STATEMENT OF COHDITjqN
OF-THE TTiELVE FEEBflAL RESERVE Mi?KS COMBINED
( I n thousands of d o l l a r s )
H.li.l(a)
I n c r e a s e or d e c r e a s e
since
September »3t
:
; w . ''
ii
m
'!
*"•'
September U,
" I9U6
August 2 7 ,
19U7
A S S "B T S
Gold c e r t i f i c a t e s '
Redemption fund f o r F ; R«'4iotes
T o t a l gold c e r t i f i c a t e r e s e r v e s
Other cash
Discounts and advances.
I n d u s t r i a l loans
Acceptances purchased
U. S. Govt, s e c u r i t i e s :
Bills
Certificates
Notes
Bonds
T o t a l U. S. Government •
securities
^
!
1
1
•
, "j
U
1 J 1
1 •
*2,516,7UU
:• V= %>$oy _ 78,885
..;: + ?,981 , +2,1*37,859
:
-27,817 ' '52,033
•* 166,28U
•r*;-: -23
+
670
—
10,316
-•%,sw:
••
1U,158,820
76,976,216
•1 369,300
719,690
:,
+ 10,292
"•+107, ooa
^Z
•.---..• "
«•#»«•
565,897
335,193
226,300
35,600
—>
fa, 2&,0>26
»
+1X7,292
-1,162,990
+107,730
-1,338,920
4
T o t a l loans an4 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 other'.^anks*
Uncollected-itejjKS
Bank premises
Other a s s e t s
TOTAL ASSETS
L I A B I L I I | E 3,
F e d e r a l Reserve n o t e s
Deposits*
•:
Member bank - r e s e r v e a c c o u n t
U,S„Treasurer «• general account
Foreign
-• O t h e r
'22,350,855
. 102
101,676
2,365,562
31,80U
.'
53,517 -
•.19,222
+1114,197
111
- U,989'
U5,669,5U7 :•
+179,839
~ -
+
r
.+
-+
2ii,622,738 1
*'
*
16,627,511
U59,209
569,j690
t
579,-805
18,236,215
2,093,308
U
Ml 11
+3^2^
#•
!• « » » i | i l l | i l l
f i|||
»<s
•
n
;v +
<
•. * 1 3 U , * #
-456,028
+ 28,857
T, ,2-Ji25
...
<•
...
{x - • - 2 ^ . 1 3 1
.,
+ 76,U29
IIIMIIIII j 1
19
"Ik,127
277,770
968
'.- U,926
•+1,^,526
j
f
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 - a c c r u e d dividends
•
- 'TOTAL LIABILITIES.
C A ? I T A L A;C C 0 U N T S
' C a p i t a l paid i n
•«
*Surpius ( S s o t i o n . 7) •
Surplus (Svecti"dn 13b)
. Other c a p i t a l a c c o u n t s
TOTAL LIABILITIES AND 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 arid Pjj R. n o t e
l i a b i l i t i e s combined
Contingent l i a b i l i t y o n - b i l l s purchased,
for f o r e i g n Correspondents
Commitments t o maiif i n d u s t r i a l l o a n s :
/+. : 5;ii8o
,ip,8U^672
• ' 68UU3
20,53^,145
2jfl[,9i6
125,021
1,808
1 111
466,177
»/
y+ 639,002
+ U66,223
- '38,1U9
+;
us
+ .767,121
+ '326,512
*•
16,320 •;
1^,968,581
^.238
**• -.175 '"^+
+178,'375 ' .-+l,26U,OU8
193^306
k39,823
,: 27^55
. UOi382
U5,'669)5ii7 :
"••y i,4U6
+179,83)9
hl.9%
- • " ;l%
+•
18
..*' .r-r "
' +
9,026
+
8l,U68
+
27
U0,0U3
; +1,31U,526
h.1%
i
3', 877'
7j,a8U:\
"A m
••+•. '. :-30
+
+
3,877
1,513
H.l>.vl(b)
STATEMENT OF CONDITION OF TIE FEDERAL EEoERVE BANKS ON SEPTEIIBER 3, 191+7
(In thousands of dollars)
A S S E T S
Total
Gold certificates
Redemption fund for
F. R. notes
Total gold certificate
reserves
Other cash
Discounts and. advance-s
Industrial loans
U. S. Govt, s e c u r i t i e s :
B i l l s _,
Certificates
Notes
Bonds
Boston
19,81*6,672
New York
721,133 6,739.215
687,1*1*3
55,533
116,813
Fhila,
Cleve*
Rich,
821,171* 1122,691 861,537
61,117
75^238
58,866
776,666 6,856,026 882,291 1197,929 920,1*05
22,260
1*2,501* 10,31*5
20,719 11,810
35,11*5
9*1*50 11**1*83
9,578
8,551
1,805
3
20,531*, 115
231,916
125,021
1,808
Atlanta
Chicago St,Louis
782,638 1*098,659
1*5,958
95.090
828,5961*191,71*9
16,185
56,691
6,200
11,532
Minn. Kans.Cy.
568,656 31*8,192
Dallas SanFran.
596,868 1*85,001 2700,910
1*5.259 -21M&
3M5ii
615,915 369,793
12,1+05
7,1*55
13,51+5
1,12a
632,922
7.521*
7,502
25,0^7
52,8?7
510,088 2753,757
8.571*
. 1,299
55.1*66
6,830
11*, 158,820 927,123 2,755,51*3 1122,310 11*1*9,366 1071,027 92I*,681* 2060,772 675,989 1*65,675 776,516 51*2,501 1591,711*
6,976,216 1*58,301 1,835,101 1*61,1*31* 691,051* 1+25,021+ 352,1*18 861,756 375,555 197.767 556.1*51 528.61+5 652,712
369,500; 2l+,26l
97,11*5 21+,l+27
36,585 22,1*99
18,656 1*5,619
19,881
10,1*69
17,811
17,397
31*, 552
189,315 l*7t603
71.292 1*5.81*6 36,357 flfl,9flg 5ft, 7Wt 2Q.liQ2
.719,690." 1*7,280
3iUZC9—55,.9^»
67,356
Total U.S. Government
securities
22,221*,p26 11*56,965
i*,877,l0i* 1655,771* 221*8^95 1562,396 1352,115 5057,pl*9 1108,169
692,513 1165,287
922,21+5 211*6,311*
Total loans and
securities
22,350,855 11*66,51*6 1*,912,2U9 1667,029 2262,778 1570,727 1358,515 3068,581 1121,712 695,1*1*1 1172,789 925,51*1* 2153,11^
Due from foreign banks
102
.-6
1/33
8
9
5
1*
11*
1*
3
1*
3
9
F.R.notes of other banks
101,676 > 5,095
2,835
H*,271
15,819
3,9U8.- 6,000
8,51*9
6,812
15,915
i+,598
12,51*8
7,^90
Uncollected items
2,365,562 195,921*
1*65,21+9 15l*,275 '207,569 217,926 161,661 351,683 111,003 68,1*73 132,909 98,019 202,873
Bank premises
31,80i*
1,259
2.61*8
8,312
5.775
1,1*97
3,101
772
1,738
5*050
1,979
1,219
2,1*71*
Other assets
55,517
5,3l*2
5,680
5,218
2,81*1*
7,001
5,256
13.170
2,51*2
5,272
3,275
1,1*72
2,1*1*7
TOTAL ASSETS
1*5.669,51*7 21*71.096 12,311,362 272>.k/268 370l*,i*59 2735,-086 2555,912 7672,662 1868,672 I15i*,58l* 1958,759 151*6,377 5166,510
ij
,After deducting $69,000 participations of lother Federal Reserve Banks
H.k.l(c)
L I A B I L I T I E S
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 3 , 19^7.
(In thousands of d o l l a r s )
• .;
v
Total' Boston
New york
Fhila.
Cleve.
Rich. Atlanta Chicago St.Louis ; tlinn. Kans.Cy.
Dallas SanFran.
24,622,738 11465*679 5,649*474 1662,508 2127,754 I70i4*022 li4C6,637 14615,550 1101,992 664,545 950,091+ 617,347 2717.536
Federal Reserve notes
Depositsj
Ueniber bank-reserve acct. 16,627*511
U.S.Treasurer-general a c c t . 459,209
Foreign
569*690
Other"
..
' 579*805
Total deposits
18,236,1215
Deferred a v a i l a b i l i t y items2,093,308
Other l i a b i l i t i e s including
accrued dividends
16,320
TOTAL LIABILITIES
44,968,581
Capital paid in.
193,5C6
Surplus (Section.7)
439/823
Surplus (Section"13b)
"27*455
Other capital accounts
4o,382
TOTAL LIABILITIES AND . . ~~"
~
713,192 5*201,551 795*573 1227,106 714*612 726,216 2530,052 594,509 432,1+146
23*853 1+2,602
54,881+ 10,220
59*097 25*387 -24*971
28/713 T / 1 3 6 , O 1 + 2
33,251+ 2/217* 034 1+1,998 48,221
25,407 21,259
70,516
18,147
12,963
r
-2,203 . • '503,135
1,285
8,376
3,7.12
8,ii+o
2,6554,592
4,684
777*362 6,051,762 862,709 1326,305 790*015 762,287 2661+,349, 6146,183 473*015 "
181,984
389,402 : li+l,221 183,338 196,643 156,193 296,359: 93,866 : 57,669
980
2,551
7I+2 ^
69I
81+4
2,691 ; l,ll+9
2,003
1,101
1,138
798
1,632
21>26,163 -12,093,329 2667,387 3639,4oo 2699,781 2326,097 7578,609 181+2,783 1135,920 1932,857 1521,676 510l+,579
8,i4o
7,437
23,089
6,347 . h,2h7':
6,458
.7*202
17,935
ll,2o4
6 8 , 1 4 3 ' ^ 14,302
18,802
• 27,557
136*549
34,720
4 l , 3 9 4 20,676
18,663
65*078
16,577
10,997
15.729
13,777
38,106
3,012
'7,253
4,489
1*007
3,325
762
1,1+29
521
1,073 * ' 1,137
1*307
2,l4o
3,160
. 6,088
3,370
3*856
3,164
2,953
4,457
2,444
2,11+7 . 2*578
2,415
3*750
'.
'
j 45,669*547 2471,096
Contingent l i a b i l i t y on b i l l s purchased
2l»8
for foreign correspondents
3*877
•
Commitments t o make i n d u s t r i a l
7,484
loans
?. R. notes outstanding
25,227,672 1508,016
i o l l a t e r a l f o r F. R. notes
held by F. R. Agentss 12,168,000 440,000
Gold c e r t i f i c a t e s
. 70,694
7,696
Eligible paper
*
U.S.Govt, s e c u r i t i e s
13,584,812 1100,000
CAPITAL
ACCOUNTS
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
Total .
,125,021
1,808.
22,224,026
827,748 783*784 2080,722
15.-930
32,528
10,982
17,110
45.633
18,148
96£
3^.'
431
i.-g.5Q
817,786
21987314
858,128
123,791 85,745 187,097
T
12,311*362 2724*268 3704,459 2735*086 2355*912 7672,662 1868,672 1154,3841958,759 1546,377 5166,510
•—
" £A,2l+0
•
51^
36!
190
159
527
156
97
952
1,491
97
1+27
, 30
580
5,781,664 1698,698 2168,408 1731,012 1450,823, 4,700,906 1150,377 616,316
136
128
34l
3*750
157
970,833 6142,243 2808,378
3,470,006 500,000 670,000 610.000 535,000 2950,000 300^000 194*000 280,000 169,000 2050-000
6,1:70
390
25,705
7,C60
—
6,635
—
—
12,510
4234
700,000
2,1*00,000 1200,000 1500.000 1130.000 950-000 1800,000 879,812 1+25,000
500,000 1000,000
MATURITY -DISTRIBUTION OF LOANS Al© SECURITIES
1 to 2
6 months
Over
2 to 5
6: to ! •
9l : days t o
16 t o
Within
31 t o
5
years
years
to
1
year
' 6 months
years
' 15 days •
90 days
60 days
30 days
2,377
89*014
14,099
19*531
301
2
26
110
.1 1,288 ;
53
25
' 3
534,3^+0
148,350
3,021,880
14,571*292
295,400
2,327; 481 4,112,927
3*514,433
3,697*923
l / After deducting
#352,580 p a r t i c i p a t i o n s of other Federal Reserve Banks.
2 / A f t e r deducting *2,637,000 p a r t i c i p a t i o n s of other Federal Reserve. Banks.
@FedFRASER