BOARD OF G0"r^bi:S.3 OF T":3. FOIadJ j ^ A:'J .1 \ v ill D i D .] ili,

(Ha. 01 F] ii , a r l i . ; r )

:.ry 9, I9U7

o- dor ::t L.! I.0:.J::;';

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i c l d i / v s Qf l o . / s ; J l n c r i u t s i i l M v c G i n ^ r n ". 0,Cr'0,0^ V ^ O , .nd o f d n i t d St/ t s d o - r / : u c ^ . r n i s ' ; " o,, ") , 0 *. r n li s r ' s i n d e l : • T ? i ,<i 3 ~ t . s T"'. r t seo <rl 1 s r f l c^s n -v ai ^ . l l v * i .02 < in. of 03 ;L,O00,0'dJ J I : b i i l S .

ana , ; n ; y e a r

Oaan ra s ' i n r n n b o r bank r e s e r v e b a l a n c e s and' r e latOd"' i t e m s d u r i n g t h e week ded J a r u a r y 0 , I3I.J.7, v;cro as f o l l o e s :

T r i P or: decree,.s<

^aru Idd laiJo 19U0

( I n e d l l i c a s of d o l l a r s )

U. S, Government s e c u r i t i e s L o a n s , d i s c c a n t s and ••/iv:'ncos Oth-s-r tu..n>,,rva B.,.nk o r . a l i t -

2~A 7a"

+ da - l - o

- 126

66

Tot e l fvo serve-Gold s t o c k ' \ JA <r - c i ) r

d-« t <--a, e /

i,^,0l

- a, -r bank r,a re,„ bJa.ic.s 15,1=07 i a" ,. in e:i v ;n !• t.* si. 0P,7.La 0 • .s.try c as- k,,a:l a- • s r • 1. r.. . :s . * t: , . .K# Banks !e'l / a - V; r " ->ef- • t: a^ oh'l r F*L't accounts 1,5';-.)

+ 3 IB

+ lr']

+ - TOO

161 + UB '-j + ; i q e

-h 635 + ii5l 4. 05 j . 35?

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H.lul(a)

SIATEIOONI OF CONDITION OF THE TWELVE FEDERilL RESERVE BAFK3 COMBINED

(In thousands of dollars)

A S S E T S

Inc rease •o r decrease s ince

January 3 , ' December $ 1 , , January of

I9li7 19^6" I9li6

Gold c e r t i f i c a t e s Redemption fund for E. R. note,s

Total gold c e r t i f i c a t e r e se rves

Other cash Discounts and advances Industria1 1cans U. S* Govt, s e c u r i t i e s :

B i l l s C e r t i f i c a t e s Notes Bonds

Total U. 3. Government

Total loans and securities

Due from foreign banks E.R. notes of other banks Uncollected Items Bank premises Other assets

TOTAL ASSETS

17,565,173 - 21,000 4 > )-7/s Ale

615,2149 + 19,135 4- 10/026 18,375,1*27 - «"~> r, / / 4- 1.4.-u ( , ^i-4'4

50n,o61; + 36, nh 4- <-'o, 3 I 0 2U6,967 + 83,898 4- 32,127

529 - 0 1 - 1,333

15,129,335 + 30ii,352 +2: ,563,1U6 7,394,512 - 1,500 - 1 ; ,315,999

555,500 — - - 1 ; ,179,000 753,590 — - 193,502

£3,732,537

23,930,033

102 1794,056

? '262 7f-:.] .32,Uoo 14/4,050

43,175,663

• id.,olX

+ 466,719

+ 10,671 -336,323

- U ; 1 9

.+ 169,1450

- 126,155

- 95,391 - 3 + 3,106 + 281,386

976

+ 656, & ?

L I A B I L I T I E S Federal Reserve notes Depos i t s :

Member bank - reserve account b\S%Treasurer - general, account Foreign Other Total deposits

Deferred availability items 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 • , v

TOTAL LIABILITIES AND.CAPITAL ACCOUNTS

Ratio of gold certificate reserves to deposit and F. R; note liabilities combined

Contingent liability on bills purchased for foreign correspondents

Commitments to make industrial loans

214,703,566

16,14.56,723 h6 l ,393 ,JL\. / , / > '4

7 1 p p Q E

17,'32u,liiO

1,867,585

io,Q57 UUi95,35l

187,620 l-"o% 82"

27,li55 '25,611,

145,175,363

ii3.l%

- 151,733

+• 317,8145 + 8,529 + 139.710 + U,&7 + i+7 0,739 - 152,308

4- 665 + 167,353

+ 790

•f 1,302 + 169 ,150

• U/o

+ 508 , 667

+ . 6 3 5 , 0 8 8 - 356,420 - ' 258,493

82,122 1 61,952

+ 347,172

+ 2 , OI4I4

+ 595,931

+ 9,370 + 81,468

27 : 25U + 686,5U2

7,776 4- 1,229 + 7,776

8,231 - 73 4- 6,565

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H. i i . l ( b ) ;

STATEMENT OF CONDITION OF THE FEDSPu'iL RESERVE BANKS ON JANUARY 3 , I9U7 ( I n thousands of d o l l a r s )

A S S E T S

Tota l Boston New York P h i l a . Clove. Rich . A t l a n t a Chicago St .Louis Minn. Kans.Cy. Dal las SanFran.

Gold ce r t i f i ca t e s 17,565,173 737,235 5,449,856 8l+7,1*82 1183,658 1015,607 938,9152913,176 575,oli9 343,833 589,01.3 ..'1*56,553 251^,773 Redemption fund for ' ' "

F. R. notes 815,21*9 55,u2i 125,11.35 6o,732 77,449 60,892 1 6,101* 156,1*4.5 li6,592 21,558 55,967 21*,950 106,076 Total gold ce r t i f i c a t e

reserves ' 18,378,427 792,704 5,573,259 908,264 1261,087 1076,1*99 985,019 3069,62'1 621,Ml 365,171 622,980 1*81,503 2620,849 other cash • 30l*,o61* 25,586 51,325 21,696 27,971* 25,81*7 23,716 39,096 16,528 6,01*9 13,428 14,938 32,879 Discounts and advances 21*6,967 15,046 79,61*5 13,987 23,575 8,1*66 10,507 31,791 6,971 29,013 7,50li 6,618 15,766 I n d u s t r i a l loans r-gc 27 rr^2 U. S. Govt, s e c u r i t i e s :

B i l l s C e r t i f i c a t e s

Bonds

Total U. 8. Government sspurities" 23,732,537 1473,595 5,700,874 161*5,069 2124,677 1419,721 l2ol;,655 5955,918 1133,091 647,817 1097,291 907,022 21*09,827

Total loans and

secur i t ies 23,960,033 1488,668 5,738,519 1659,553 211*8,250 11*26,187 1215,222 3987,709 111*5,062 676,830 1104,795 913,61*0 21*25,593 Due from fore ign banks 102 7 l / 5i* 6 9 ;5 1* ll* 3 3 3 3 9 F.R. notes of o ther banks 17l*,056 i*,9l5 23,123 6,1*07 11,617 41 ,350 17,221;- .16,1*1*6 10,1*1*9 6,000 . 9,1*54 6,650 18,351 Uncollected items 2,2.62,751 169,358 ' 1*35,919 133, loO ' 209-, 526 20l*,dl*2 158,593 352,961 113,326 65,612 116,1*81* 83,025 210,21*5 Bank premises 52,1*00 1,297 8,1*59 3,170 3,350 2,'686 1,526 3,057 2,011 1,21*0 2,521 795 1,788 Other a s s e t s 1*4,030 2,8.1*5 10,502 2,701 lt,2l*l* 2 ,606 2,1*29 6,2oi 2,389 1,203 2,068 1,837 4,1*15

TOTAL ASSETS 1*5,175,863'21*85,660 11,091,170 271*0,054 3666,557 2781,202 21*03,735 7477,195 1911,709 1122,108 1376,753 1507,391 5312,129

l / After deduct ing $68,000 p a r t i c i p a t i o n s of o the r Federal Reserve Banks.

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H.l+.l(c) STATEMENT OF CONDITIO?: OF THE FEDERAL RESERVE BAMS ON JANUARY 8, 194? ( In . thousands of d o l l a r s )

L I A B I L I T I E S Total Boston New York P h i l a . "Cleve. Rich. A t l an ta Chicago St .Louis Minn. Kans.Cy. Dallas SanFran.

Federal Reserve notes 24,793,566 11+77,488 5,655,073 1684,956 2112,191 1767,737 il+39,.650 1+568,705 ml+,110 595,149 920,520 599,615 2860,519 Depos i t s :

Member bank-reserve a c c t . 16,1+56,725 751,295 5,152,21+3 805,528 12ll+,l82 742,905 749,617 21+00,207 622,251 416,897 792,21+0 769,785 2079,738 u.s.Treasurer-general acc t . 1+01,598 25,706 * 108,903 19,1+05 52,381+ 35,509 19,510 55,370 19,554 20,255 15,565 17,1+39 32,015 Foreign 61+7,734 1+0,259 1/230,686 '51,862 .• 58,111 29,568 23,744 85,729 21,21+5 15,621 20,620' 19,995 52,494 Other 318,285 6,208 220,186 2,1+93 11,578 4,068 5,555 5,322 10,318 2,707 762 2,549 50

Total depos i t s 17,82l+,140 803,468 5,692,028 879,088 1516^055 8l l ,850~ 796,224 2543,123 675,148 455,460 329,135 809,763 2214, < Deferred a v a i l a b i l i t y items 1,867,588 l60,60i+ 328,885 120,180 174,536 167,125 138,323 271,310 99,088 5 5 , 3 ^ 101,956 75,925 175,357 Other l i a b i l i t i e s i nc lud ing

accrued dividends 10,057 505 2,708 552 862 1+60 1+02 2,1+98 349 315 531 518 7£9_

TOTAL LIABILITIES 1+4,1+95,351 21+42,063 11,678,699 268A756 3005,644 2747,222 2575,101+ 7385,639 1886,695 1104,238 1851,82+2 1483,626 5251,825 Capi ta l p - i d in 13?,620 11,112 65,825 15,960 13,1+20 7 , 8 5 ! 7 , A 8 22,518 6,114 1+,H9 6,20? 6,385 17,1+85 Surplus (3-,-ction 7) 1+39,823 27.557 136,549 34,720 1+1,394 20,676 18,665 65,078 16,577 10,997 15,729 13,777 33,106 Surplus ( s ec t i on 13b) 27,1:55 - ,012 7,253 It,1+89 1,00? -,,7,25 ?62 1,42° 521 1,073 1,137 1,307 2,140 Oth^r c a p i t a l accounts 25,614 2,156 .2,81+6 2,129 2,092 2 , l i £ 2,053 2,551 1,802 i,6-3l 1,318 ' 1,793 2,575 TOTAL LIABILITIES AND

CAPITAL ACCOUNTS 1+5,175,365 21+85,330 11,391,170 2740,054 3666,557 2731,202 2403,735 7477,195 1911,709 1122,108 1376,755 1507,591 5512,129 Contingent l i a b i l i t y on b i l l s purchased f o r fo re ign correspondents 7,776 476 2/2,319 617 691 5l+9 232 996 255 l86 2l+5 253 62I+

Comirdtments to make i n d u s t r i a l loans 3,231 — — 1,207 1,596 57 — 531 4,225 — 450 155 130

>'. R. notes outstanding 25,61+0,254 1529,931 5,31+8,667 1734,720 2135,131 1621,1+81 11+90,372 4692,512 1154,490 607,73.0 944,690 657,555 2995,025 C o l l a t e r a l f o r F . R. notes held by F . R. Agents :

Gold c e r t i f i c a t e s 10,755,000 1+55,000 5,1+70,000 550,000 61+5,000 660,000 615,000 1620,000 500,000 139,000 230,000" lc9 ,000 1300,000 E l i g i b l e paper. 67,557 6,310. ' ' .25,590 2,657 1,950 — — 2,550 25,600 3,000 2,300 U. 3 . Govt, s e c u r i t i e s 15,752,156 1100,000 2,500,000 1200,000 1550,000 1200,000 900 ,000 '5100,000 957,156 1+25,000 700,000 500,000 1600,000

": ' MATURITY DISTRIBUTION OF LOANS ABU SECURITIES

Within 1.6 to 51 t o 6l £0 'c\ n a y s t o 6 months 1 to 2 2 to 5 ever Total 15 days "50 days 60 days 90 days 6 months to 1 year years years 5 yaars

Discounts on<,l advances 246,967 8l+,770 16,025 115,532 52,790 I n d u s t r i a l loans 529' 1+55 4 5 . ll+ 12 7 34 U. s . Govt . ' secur i t ies 23,752,557 5,281+,677 i+,065,465 5,303,721 5,535,330 1,405,736 ( 3,035,770 320,1+00 143,350 580,01+0

l / Af te r deduct ing $1+16,771,000 p a r t i c i p a t i o n s of other Federal Reserve Banks. 2 / After deduct ing $4,957,000 p a r t i c i p a t i o n s of o the r Peaerol B •> servo Banks.

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