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Form F. R. 283 STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, April 11; not e a r l i e r , Board of Governors of t h e Federal Reserve System April 10, 19-41 CONDITION OF THE FEDERAL RESERVE BAIIKS During t h e week ended April 9 member bank r e s e r v e balances increased $150,000,000. Additions to member bank r e s e r v e s arose from a decrease of $232,000.000 i n Treasury d e p o s i t s with Federal Reserve Banks and i n c r e a s e s of $29,000.000 i n gold stock and $3,000,000 i n Treasury currency, o f f s e t i n p a r t by i n c r e a s e s of $49,000,000 i n money i n c i r c u l a t i o n , $21,000,000 i n Treasury cash and $36,000,000 i n nonmember d e p o s i t s and other Federal Reserve accounts and a decrease of $9,000,000 i n Reserve Bank c r e d i t . Excess r e s e r v e s of member banks on April 9 were estimated t o be a p p r o pr i a t e l y $6,030,000,000, an i n c r e a s e of $90,000,000 f o r t h e week. Changes i n member bank reserve balances and. r e l a t e d items during the week and the year ended April 9 , 1941, were as follows: Increase or decrease since 1 April 9 ; 1941 April 2, 1941 April 10, 1940 , ( i n m i l l i o n s of d o l l a r s ) B i l l s discounted U. S. Government d i r e c t o b l i g a t i o n s U. S. Government guaranteed o b l i g a t i o n s I n d u s t r i a l advances (not including S m i l l i o n commitments - April 9) Other Reserve Bank c r e d i t + 4 — — + - 3 278 5 7 39 - 1 12 + 3 18 Total Reserve Bank c r e d i t Gold stock Treasury currency 2,235 22,413 3,H3 + + 9 29 3 - 265 +3,890 + 120 Member bank r e s e r v e balances Money i n c i r c u l a t i o n Treasury cash Treasury d e p o s i t s with. F. R. Banks Nonmember d e p o s i t s and o t h e r F. R. accounts 13,656 8,993 2,272 813 150 49 21 232 36 +1,081 +1,484 81 4 5 2,179 5 2,028 + 22.3 +1,039 Form F . R. 2 8 3 - a Released f o r p u b l i c a t i o n Friday morning, April 11, 1941 ° not e a r l i e r . STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMB HIED (In thousands of d o l l a r s ) I n c r e a s e or decrease since ASSETS Gold c e r t i f i c a t e s on hand and due from U. S. Treasury Redemption fund - F. R. n o t e s Other cash Total r e s e r v e s B i l l s discounted; Secured by U. S. Gov't o b l i g a t i o n s , d i r e c t and guaranteed Other b i l l s discounted Total b i l l s discounted I n d u s t r i a l advances U. S. Government s e c u r i t i e s , d i r e c t and guaranteed: Bonds Hotes Total U. S. Government s e c u r i t i e s , d i r e c t and guaranteed Total b i l l s 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 Uncollected items Bank premises Other a s s e t s TOTAL ASSETS April 9 , 1941 A p r i l 2, 1941 April 10, 1940 20,111,281 10,483 315,517 20,437,286 + 10,002 +3 ,950,207 + 1,816 69.793 +3,882,230 4,587 379 4,966 — - + + — + 0,363 1,639 3,975 50 3,925 + — 4,221 1,348 2,873 424 — 2,479 + 7,396 1,363,800 820,300 2,184,100 2,196,462 47 20,594 744,711 39,963 48,326 + —— - 26,305 308,925 — — 282,620 282,226 3,501 1,362 60,990 + '135 + i,o4i — + T- — 1,552 152,491 1,649 11,246 23,487,389 64,036 +3,738,048 6,196,923 + 37,696 +1,273,498 13,655,535 812,666 1,265,753 474,776 16,208,730 705,775 +3.49,711 L I A B I L I T I E S F. R. notes i n a c t u a l c i r c u l a t i o n Deposits t Llenber bank - r e s e r v e account U. S. Treasurer — General account Foreign Other d e p o s i t s Total d e p o s i t s 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 CAPITAL ACCOUNTS Capital paid i n Surplus (Section 7) Surplus (Section 13b) Other c a p i t a l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of t o t a l r e s e r v e s t o deposit and F. R. note l i a b i l i t i e s combined Commitments t o moke i n d u s t r i a l advances +1,080,808 222,206 892,951 4* 114,457 +2,310,422 + 134,965 -.32.205 + + 4,752 2.3,116,180 + . . 977 + 139,875 157,065 26,785 47,484 23,487,389 + 91.25? 8,446 +117,350 80,682 - 45,826 57,012 - 64,165 66 ' 4" . 6 2 64,036 327 4-3,719,222 + + 3,748 5,345 54 + 9,787 +3,738,048 —— + 3.2% 1,186 - 344- Porn F. ?.„ 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE B/UKS ON APRIL 9, 194l ( I n thousands of d o l l a r s ) , „ „ „ „ ASSET S Total Boston Gold c e r t i f i c a t e s on hand and ^due f r o n U.S.Treasury 20,111,281 1,219,653 redemption fund - F.R.notes 10,488 737 Other cash 115.517 24.258 9,563,990 1,178,627 1,418,883 628,304 4-37,687 2,886,013 457,150 320,046 451,217 307,682 1,242,029 1,064 1,323 532 1,339 1,112 1,473 491 205 236 898 1,078 85.995 or- loo i< / 0 / 00.011 Ai nn/ 1 / w / < qvA u ^ nm Total reserves 9,650,349 1,206,588 1,439,837 645,067 459,010 2,930,490 472,615 326,127 467,005 323,346 1,272,204 1.P/X/-.AR B i l l s discounted! Secured by U.S. Gov't o b l i g a t i o n s , d i r e c t and guaranteed 4,587 Other b i l l s discounted 379 T o t a l b i l l s discounted 85 Nevr York Pnila. Cleve. 4,225 117 18 12 30 2,264 46 Rich. Atlanta Chicago S t . L o u i s 47 10 26 36 35 57 62 217 754 246 346 — 46 — 35 —— lairm, Kans.Cy. Dallas 119 San Fran. 32 135 23 119 167 23 350 72 276 228 41,178 24,769 66,277 39,863 54,979 33,068 114,043 68,596 — /. q,<a 85 4,342 I n d u s t r i a l advances 7 095 U. S. Government s e c u r i t i e s , d i r e c t and guaranteed: ?°^ds 1,363,800 Notes 820,300 905 1,738 98,544 59,273 389,312 234,163 108,110 65,027 136,462 82,079 75,859 45,627 59,247 35,637 156,506 94,136 T o t a l U. S. Gov't s e c u r i t i e s . d i r e c t and guaranteed P.1 HA.inn 157,817 623,475 173,137 218,541 121,486 94,884 250,642 101,345 65,947 106,140 88,047 182,639 T o t a l b i l l s and s e c u r i t i e s Due f r o n f o r e i g n banlcs 158,807 3 629,555 18 175,431 5 218,804 122,275 95,187 4 2 2 251,050 101,345 6 r 66,4l6 106,379 * 1 88,346 1 182,867 4 2,196,462 47 63,283 38,062 s i r " I I if '111 il if i I I 1 if i il # TOTAL ASSETS 23,4-87,389 1,482,161 10,480,287 1,442,413 1,753,045 843,847 592,137 3,299,928 621,940 413,403 615,105 442,192 1,500,851 *Less than $500. Forn F. R. 283—0 STATEMENT OF C01IDITI0K OF THE FEDERAL RESERVE BANKS ON APRIL 9 , 1941 ( i n thousands of d o l l a r s ) L I A B I L I T I E S Total F. R. n o t e s i n a c t u a l c i r culation 6,196,923 Deposits: Uenber b a n k - r e s e r v e a c c t . 13,655,535 U.S.Treasurer-General acct. 812,666 f~o r e i' g n 1,265,753 Other d e p o s i t s 474,776 Boston New York Phila. Total deposits 504,702 1,633,285 431,483 573,220 296,4-94 206.641 1,326,544 233,415 164,015 .214,434 100,290 512,400 773,659 42,935 58,959 6,151 7,099,980 366,302 745,153 352,831 778,973 46,509 78,140 21,593 936,076 396,288 277,074 1,610,009 277,562 165,900 296,664 241,812 46,224 26,622 30,681 99,266 22,552 34.633 28,735 35,338 74,112 34,639 28,195 96,668 24,167 17,722 23,361 23,361 801,533 32,869 61,276 3,916 29,952 16,208,730 881,704 8,564,266 925,220 1,066,016 465,472 341,926 1,818,827 333,615 224,538 357,089 304,427 925,630 705,775 69,701 153,303 50,402 79,06l 65,605 29,875 106,647 43,056 15,104 32,205 25,906 34,910 4,752 452 l,l6l 826 479 366 125 505 149 153 133 159 244 D e f e r r e d 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 Oleve. 9,6o4 RicH. A t l a n t a 7,923 5,976 Girlcago S t , L o u i s 12,884 Minn, Kang.Cy. Dallas 9,334 6,283 8,329 San Fran. TOTAL LIABILITIES 23,116,180 1,456,559 10,352,015 1,407,931 1,718,776 827,937 578,567 3,252,523 610,235 403,810 603,861 430,782 1,473,184 CAPITAL ACCOUNTS C a p i t a l paid i n 139,875 11,891 5,428 4,796 14,695 4,266 9,350 51,573 14,387 4,506 3,005 11,715 4,263 S u r p l u s (Section 7) 157,065 10,906 22,824 56,447 15,144 5,247 5:725 4,925 14,323 10,785 3,152 3,613 3,974 S u r p l u s (Section 13b) 26,785 2,874 1,007 7,070 1,000 1,429 3,244 713 1,138 2,121 1,263 4,393 533 Other c a p i t a l accounts 47,484 1,991 2,472 4,552 8,457 1.981 2,516 1,987 135182 3,054 2,336 1,910 3,046 TOTAL LIABILITIES Aim CAPITAL ACCOUNTS 23,487,389 1,482,161 10,480,287 1,442,4-13 1,753,045 843,84-7 592,137 3,299,928 621,940 413,483 615,105 442,192 1,500,851 Gonnitnents t o make i n d u s t r i a l advances B i l l s discounted I n d u s t r i a l advances U. S. Government s e c u r i t i e s , d i r e c t and guaranteed 8,446 Total 4?966 7,396 2,184,100 176 Within 15 days 4,700 860 1,500 16 t o 30 days 58 200 353 176 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 31 t o 60 days 71 117 1,662 803 6l to 90 days 61 139 91 days t o 6 nonths 72 1,018 57,000 6 nonths to 1 Year 4 1,143 127.300 1 Year t o 2 Years 43 35 2 Years t o 5 Tears 1,806 2,113 136,300 633,400 _S J_ 21 Over 5 Years — 1,229,600 3,671 Form F . R. 2 8 3 - d FEDERAL RESERVE NOTE STATEMENT ON APRIL 9 , 1941 (In thousands of d o l l a r s ) Total Federal Reserve n o t e s : I s s u e d t o F.R. Bank bby F . R . / ^ e n t Held by Federal Reserve Bank In actual c i r c u l a t i o n Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 6,486,643 523,517 1,711.480 447,868 592,516 311,225 225,381 1,357,603 247,785 168,186 223,086 110,859 567,137 89,720 18,815 78,195 16,385 19,296 14,731 10,740 31,059 14,370 4,171 8,652 10,569 54,737 289 6,196,923 504,702 1.633,285 431,483 573,220 296,494 206,641 1,326,244 233,415 164,015 214,434 100,290 512,400 C o l l a t e r a l held by agent as s e c u r i t y f o r n o t e s i s s u e d to bank: % Eligible paper' Total c o l l a t e r a l m e 6,581,000 530,000 1.730.000 493,000 593,000 325,000 230,000 1 , 3 % , 0 0 0 249,000 169,000 225,000 116,(00 584,000 4,775 85 ' 4,342 30 35 U9 164 6,585,775 530,035 1,734,342 450,030 593,000 325,035 230,000 1,380,000 249,000 169,119 225,164 116,000 584,000
@FedFRASER