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Form F, R. 283 STATEMENT FDR THE PRESS Released for publication Friday morning, April 25; not earlier, Board of Governors of the Federal Reserve System April 24, 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 23 member bank reserve balances decreased ¿473,000,000. Reductions in member bank reserves arose from increases of $413,000,000 in Treasury deposits v.dth Federal Reserve Banks, $30,000.000 in Treasury cash, $3 ,000,000 in money in circulation, and $45,000,000 in norinonber deposits and other Federal Reserve accounts,and a decrease of $47,000,000 in Reserve Bonk credit, offset in part by increases of $61,000,000 in fjold stock and $2,000,000 in Treasury currency. Excess reserves of member banks on April 23 v/era estimated to be approximately $5 ,760,000,000, a decrease of $500,000,000 for the \7COk. Changes in member bank reserve balances and related items during the reek and the year ended April 23, 1941, rrere as follor/si Increase or decrease since April 23, 1941 April 16, 1941 April 24, 1940 (in millions of doll:irs) Bills discounted U. S. Government direct obligations U. S. Government guaranteed obligations Industrial advances (not including 8 million coniiitnents - April 23) Other Reserve Bank credit 2 2,179 5 + 1 MM. - 278 5 --- 7 46 - 47 + Total Reserve Bank credit Gold stock Treasury currency 2,239 22,482 3,118 - 47 + 61 + 2 - 262 +3,774 + 121 ilcr.ber bank reserve balances ¡.loney in circulation Treasury cash Treasury deposits with F. R. Banks Uonnenbor deposits and other F. R. accounts 13,506 8,992 2,299 947 2,097 + + + + + 623 +1,472 6 + 477 +1,068 473 3 30 413 45 3 24 Tori'i F. R. 283-a Released for publication Friday siorning, April 25, 1941$ not ear.Her, STATEMENT OF CONDITION OF THE TW5LVE FEDERAL RESERVE BANKS C0M3INED (In thousands of dollars) Increase or decrease since ASSETS Gold certificates on hand and due from U* S. Treasury Redemption fund - F. R. notes Other cash Total reserves Bills discounted! Secured by U. S. Gov’ t obligations, direct and guaranteed Other bills discounted Total bills discounted Industrial advances U. S, Government securities, direct and guaranteedt Bonds llotes Total U. S. Government securities, direct and guaranteed Total bills and securities April 23 , 1941 20,159,729 10,507 __ 334,198 20,504,434 1,617 600 2,217 7,491 April 24, 1940 April 16 , 1941 + 34,998 — + 8,211 + 43,209 +3,781,252 + 1,367 55,427 + + + + + — 881 118 999 21 +3>727,192 1,174 1,329 155 2,427 1,363,800 820,300 — + 26,305 - 308,925 2,184,100 — - 282,620 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 2,193,308 47 23,183 849,341 or- ,¿w js ✓•'»< .. . 47,535 715 -255,047 + 11 + 760 + 1,070 + 210,6.20 1,644 - 11,610 TOTAL 23,658,325 -210,762 +3*640,426 6,217,967 +11,695 +1 ,299,464- 13,505,723 946,798 1,.772,379 535,630 -473,407 +413,083 + 29,080 + 15,503 + + + + 16,260,530 o03,76c - 15,741 -207,316 +2,134,825 + 187,299 4,571 23,286,828 + 455 -210,907 + 5 +3,621,593 + + 3,932 + 5,345 54 + 9,610 +3,640,426 ASSETS L I A B I L I T I E S F. R. notes in actual circulation Deposits! Member bank — reserve account U, S.Treasurer - General account Foreign Other deposits Total deposits Deferred availability itens Other liabilities including accrued dividends TOTAL LIABILITIES c a p i t a l 1,020 tM* 285,202 — 622.689 476'824 895,977 139,33.5 a c c o u h j s Capital paid in 140,057 Surplus (Section 7) 157,065 Surplus (Section 13b) 26,785 Other capital accounts 47,590 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,658,325 Ratio of total reserves to deposit and F. R, note liabilities combined 91.2# Commitments to make industrial advances 8.461 + ----- 47 + 98 -210*762 + .2* in + •*» 3.155 Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BALIES Oil APRIL 23? 1941 (In thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis1 Minn. Sans.Cy. Dallas San Fran. Gold certificates on hand and due fron U.S.Treasury 20,159,729 1,205,947 9,454,111 1,187,664 1,439,122 652,270 431,090 3,022,094 461,156 298,473 453,546 310,744 1,243,512 Redemption fund - F.R.notes 10,507 1,226 1,382 887 1,000 1,559 1,067 730 473 195 672 1,051 215 5,946 41,783 Other cash 334,198 26,961 15,736 15,151 34,349 23,203 17,721 24,297 25,245 18,133 85,673 Total reserves 20,504,434 1,231,864 9,540,564 1,215,851 1 ,463,325 671,550 456,454 3,065,259 479,762 304,614 469,497 326,782 1,278,912 Bills discounted* Secured by U. S. Gov’ t obligations, — 10 174 36 150 35 47 direct and guaranteed 1,617 85 960 32 60 38 —— — —— 98 10 1Ó1 — 69 41 32 Other bills discounted 600 34 155 — 206 124 79 57 35 85 72 191 Total bills discounted 2,217 60 1 ,115 193 — 276 350 224 847 241 262 339 71 2,342 Industrial advances 7,491 801 1,738 U. S, Government securities, direct and guaranteed* Bonds 1 ,363,800 98,544 389,312 108,110 136,462 75,859 59,247 156,506 63,283 41,178 66,277 5^,979 114,043 68,596 94,136 38,062 24,769 39,863 33,068 234,163 82,079 45,627 35,637 65,027 Notes 820,300 59,273 Total ü. S. Gov’ t securities, direct and guaranteed 2,184,100 157,817 623,475 173,137 2.18,541 121,486 94,o S4 250,642 101,345 65,947 106,140 8C,047 182,639 Total bills and securities 2,193,808 Due from foreign banks 47 F. R. notes of other banks 23,183 Uncollected items 849,341 Bank premises 39,977 Other assets 47,535 158,678 3 720 84,801 2,819 •v3,237 626,328 18 2,280 203,664 9,726 13,013 175,551 5 1,116 62,089 4,617 4,032 218,994 122,418 95,182 2 2 4 1,389 4,829 2,915 101,156 68,056 33,289 4,537 2,586 1,979 5,168 2,914 2,010 251,105 101,380 66,503 106,4o4 83,402. * 6 1 1 1 2,298 2,136 693 667 1,490 110,305 45,267 18,970 35,555 39,254 3,023 2,309 1,360 2,995 1,204 5,l40 2,034 1,455 2,192 2,009 182,863 4 2,645 46,935 2,822 4,331 T 0 T.A L A S S E T S 23,658,325 1,482,122 10,395,593 1,463,261 1,794,573 872,355 591,831 3 ,437,136 632,859 393,569 613,134 453,350 1,518,512 *Less than $500* Form F. R. 283-c STATEMEIIT OF CONDITION OF THE FEDERAL RS5SRV3 BANKS CN APRIL 23, 1941 (in thousands of dollars) L I A B I L I T I E S Total Her; lork Phila. 6,217,967 507,345 1,639,722 430,861 574,686 ;295,119 204,459 1,342,925 234,763 164,519 214,766 99,502 509,300 13,505,723 946,790 1,272,37? 535,630 762,083 6,787,475 489,210 40,700 754,586 57,486 7,740 413,132 781,445 53,490 77,919 24,231 947,830 •423,103 278,875 1,755,019 279,832 145,653 294,448 2/0,995 72,480 29,923 33,385 28,789 39,170 61,168 28,568 28,500 73,902 34,541 28,115 96,394 24,099 17,672 23,295 23,295 12,508 8,422 6,484 8,395 3,866 7,558 7,893 6,376 808,965 41,415 6,1,075 29,025 16,260,530 > 803,760 Other liabilities including accrued dividends 4,573. 868,009 8,444,403 80,666 181,842 937,085 1,090,458 •494,105 341,866 1,936,401 342,276 203,194 354,927 307,326 94,620 66,826 31,804 109,717 43,979 16,024 37,053 39,931 60,433 940,480 40,790 F. R. notes in actual cir culation Deposits» Foreign Other deposits Total deposits ¡?0TAL LIABILITIES ii Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts Boston 478 1 , 2-’5 383 Cleve. 457 Rich. Atlanta 375 129 Chicago St.Louis IJinn. Kans.Cy. Da],las San Fran. 567 151 157 144 174 271 23,286,028 1,456,498 10,267,252 1,428,762 1,760,221 ;856,425 578,258 3,389,600 621,169 383,894 6o6,895 446,933 1,490,841 7i-7 ' T1 Ö 4,508 4,269 14,478 5,428 4,798 51,592 11,901 9,352 14,731 4,277 3,006 11,717 140,057 22,o 24 4,'925 3,152 10,906 5,725 15,144 56,447 3,613 3,974 14,323 5,247 10,785 157,065 1 ,4 2 9 7,070 1,138 1,263 2,121 1,007 3,244 2,874 713 533 1,000 4,393 26,785 r*. 9/:1T'/trC -\ O 1,980 1,911 3,061 2,492 4,544 2,011 2,337 1,985 2,517 3,048 13,232 47,590 TOTAL LIABILITIES AIID COITAL ACCOUNTS 23,658,325 1,482,122 10,395,593 1,463,261 1,794,573 872,355 591,831 3,437,136 632,889 393,56? 618,134 -••55,350 1,518,512 Commitments to maize industrial advances 8,461 174 1,411 300 1,654 889 — 6 275 43 35 21 3,653 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 16 to 31 to 61 to 91 days tc- 6 months 1 Year ïïithin 2 Years to Over 30 days 60 days 90 days 6 uonths to 1 Year to 2 Years Total 15 days 5 Years 5 Years 1,766 30 82 151 146 42 — Bills discounted 2,217 '-',134 961 161 139 137 970 1,155 1,834 Industrial advances 7,491 U. S.Government securities, 686,400 57,000 127,800 136,300 .,376,600 direct and guaranteed 2,184,100 Form F. R. 283-d. FEDERAL RESERVE HOTE STATEMENT 0!î APRIL 23, 1341 (in thousands of dollars) Total Boston New York Phila. Federal Reserve notest Issued to F.R. Bank by F.R.Agent Held by Federal Reserve Bank In actual circulation Cleve. Rich. Atlanta Ghicctgo St.Louis lainn. Xans.Cv. Dallas San Fran. 6,538,248 526,468 1,724,021 451,183 598,297 314,617 226,809 1,374,772 249,892 169,487 223,430 109,166 570,106 320,281 19,123 84,299 20,322 23,611 19,498 22,350 31*847 15,129 4,968 8,664 9,664 60,806 6,217,967 507,345 1,639,722 430,861 574,686 295,119 204,459 1,342,925 234,763 164,519 214,766 99,502 509,300 Collateral held by agent as sercurity for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper 6,659,000 550,000 1,740,000 460,000 599,000 325,000 230,0i 0 1,400,0'.;0 259,000 171,000 225,000 116,000 584,000 1,742 60 1,095 72 — 85 — — 35 206 189 — — Total collateral 6,660,742 550,060 1,741,095 460,072 599,000 325,085 230,000 1,400,000 259,035 171,206 225,189 116,000 584,000
@FedFRASER