The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form F. R. 283 STATEMENT FOR THE] PRESS Released for publication Friday morning, April -4; not earlier, Board of Governors of the Federal Reserve System April 3 , 194-1 CONDITION OF THE FEDERAL RESERVE 3A1IKS During the week ended April 2 member bonk reserve balances decreased $1275,000,000, Reductions in member bank reserves arose from increases of $102,000,000 in money in circulation, $139»000,000 in Treasury deposits with Federal Reserve Banks, and $21,000,000 in Treasury cash, offset in port by increases of $23,000,000 in Reserve Bank credit, $25,000,000 in gold stock and $2,000,000 in Treasury currency, and a decrease of $84,000,000 in noimsnber deposits and other Federal Reserve accounts. Excess reserves of member banks on April 2 were esti mated to be approximately $5,9-40,000,000, a decrease of $70,000,000 for the week. The principal change in holdings of bills and securities was an increase of $29,000,000 in holdings of United States Government bonds and a decrease of $29,000,000 in United States notes. Changes in member bonk reserve balances and related items during the week and the year ended Aprd^L 2, 1941, were as follows» Increase or decrease since April 2, 1941 March 26, 1941 April 3 , (in millions of do12.Cl's) Bills discounted J. S, Government direct obligations J. S, Government guaranteed obligations Lndusta'ial aivancea (not including 7 millior eomnitnents - April 2) )ther Reserve Bank credit 1 2,179 5 - - 2 278 5 2 19 —~ 8 51 + 24 + ?otnl Reserve Bank credit Jold r.tock .’ reasury currency 2,244 22,384 3,110 + 23 + 25 + 2 - 2Ô3 +3,914 + 119 lembor bank reserve balances loncy in circulation .roasvry ca:;h ?roasv.ry deposits vath F. ?.. Banks •onr.;enber,deposits and other F, R, accounts 13»506 8,944 2.251 1,045 1,992 + + + - +1,111 +1,423 - 121 + 353 + 999 ---- 127 102 21 139 34 Foru F. 28>-a released for publication Friday morning, April 4, 19-41; not earlier, STATS IEUT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 3 , March 26, April 2, 1940 1941 1941 ASSETS Gold certificates on hand and due from U, S. Treasury +3,999,660 - 1,000 20,101,279 Redemption fund - F. R. notes 10,483 82 + 2,365 Other cash - 17,176 . .-321,880 ___ 5JL581 - 18,258 +3,950,442 Total reserves 20,435,647 Bills discounted» Secured by U. S. Gov’ t obligations, direct and ituaranteed Other bills discounted Total bills discounted Industrial advances U. S. Government securities, direct and guaranteed» Bonds Notes Total U. S. Government securities, direct and /guaranteed 612 429 1,041 7,820 270 +____ 11 257 137 1 ,363,800 820.300 + 29,000 - 29,000 2,184,100 — — — . 464 1.246 1,710 2,318 •+ 26,305 “..J0.8i.92j5 - 282,620 - 286,648 Total bills and securities 2,192,961 394 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 21,956 813,701 39,828 47,285 + 1,867 + 41,163 74 + 494 + 3,958 + 177,033 1,784 - 10.972 23,551,425 + 24,798 +3,832,029 6,159,227 + 79,783 +1,224,591 13,505,824 1,044,871 1,148,403 555,458 16,254,556 762,787 -126,945 +138,595 - 19,749 - 64,151 - 72,250 + 17,597 +1.110,364 + 352,794 + 764,068 + 202,922 +2,430,148 + 158,246 ...1x775 23>180,345 312 + 24,818 + 207 +3,313,192 139,809 157,065 26,785 47,421 23,551,425 + + 3 ¡>664 + 5,345 54 + 9,882 +3,832.029 TOTAL ASSETS — L I A B I L I T I E S F. R. notes in actual circulation Deposits* IJember bank - reserve account U, S, Treasurer - General account Foreign Other deposits 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 Capitol paid in Surplus (Section 7) Surplus (Section 13b) Other capital, accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F.R. note liabilities combined Coranitnents to make industrial advances 91.3% 7,260 — — 14 34 + 24,798 + 55 3*4% 1,090 Form F. R. 28>-b STATS.SEIJT OF CONDITIO'.! OF THE FEDERAL T-SSERVE BAKKS OK APRIL 2. 1941 (in thousands of dollars) ASSETS Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Kinn. Xans.Cy* Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 20,101*279 1,250,490 9,777,544- 1,176,311 1,418,946 611,586 432,306 2,724,017 433,916 322,903 445,808 308,771 1,198,681 236 898 Redemption fund - F.R.notes 10,483 1,078 737 1,064 532 1,339 1,112 2C5 1,473 491 1,323 17,928 Other cash 323,830 13,578 24,146 28,596 22,220 6,64431,688 44,220 21,279 14,667 17,785 81,129 Total reserves 20,435,647 1.275.373 9,859,737 1,206,230 1,440,757 630,710 455,638 2,769,710 449,074 329,752 463,972 323,247 1,231,447 Bills discounted» Secured by U.S. C-ov*t obligations, 10 direct and guaranteed 612 139 32 250 27 26 85 43 — — 20 10 137 Other bills discounted 429 49 140 14 — 23 36 — — — — — - — Total bills discounted 1 ;n4i Industrial advances 7,820 U. S. Government securities, direct and guaranteed: Bonds 1,363,300 Notes 320,300 Total U. S. Gov*t securities. direct and guaranteed ? i Total bills and securities 2,192,961 Due from foreign banks 47 F. R. notes of other banks 21,956 Uncollected items 813,701 Bank premises 39,323 Other assets 47,285 TOTAL ASSETS 49 199 10 249 159 446 169 72 85 905 390 1,743 41 2,280 98,544 59,273 389,312 234,163 108,110 65,027 136,462 75,859 59,247 82,079 45,627 35,637 156,506 63,283 41,178 66,277 54,979 94,136 33,062 24,769 39,363 33,068 114,043 68,596 157,817 623,475 173,137 218,541 121,486 94,884- 250,642 101,345 65,947 106,140 88,047 182,639 158,807 625,608 175,458 18 1,701 195,124 9,64-9 12,846 5 1,030 58,113 4,545 4,061 251,04-9 101,345 66,552 106,381 88,357 * 1 1 6 1 64l 155 2,001 2,694 2,235 121,184 43,370 18,770 34,968 27,387 3,023 2,309 1,360 2,995 1,204 5,136 2,029 1,436 2,195 1,991 183,188 3 408 76,994 2,819 3,231 218,789 122,284 95,143 2 4 2 1,488 3,406 4,122 96,449 62,716 33,433 4,550 2,572 1,980 5,142 2,892 2,046 43 755 62 345 ------ 33 277 ------- 549 4 2,075 45,193 2,822 4,280 23,551,425 1,517,635 10,704.-683 1,449,442 1,767,179 824,582 592,364 3,152,302 600,363 418,025 612,513 442,828 1,469,009 *Less than $500. Form F. R. 28y*c STATEHEHT OF CONDITIO!; OF THE FEDERAL RESERVE BAÎTKS ON APRIL 2, 1941 (In thousands of dollars) L I A B I L I T I E S Total F. R* notes in actual cir culation 6,159,227 Deposits : Member bank-reserve acct, 13,505,324 U. 5. Treasurer-General acct .3,044,071 Foreign 1,143,4(03 Other deposits 555,458 Total deposits 16,254,556 Deferred availability items 762,787 Other liabilities including accrued dividends 3,775 Boston Cleve. Rich. Atlanta Chicago St.Louis !'inn. ICans.Cy. Dallas New York Phila. 501,487 1 ,631,181 427,121 565,045 296,559 205,393 1,317,637 232,017 162,423 214,602 101,774 503,188 779,793 7,247,448 76,183 455,769 56,004 634,441 4,266 435,769 754,453 74,089 77,530 21,768 919,180 330,175 275,337 1,447,093 244:,569 163,116 286,751 230,809 74,292 29,107 32,669 116,804 34,776 42,709 34,679 36,602 73,524 34,364 27,971 95,901 23,975 17,582 23,176 23,176 7,548 8,423 5,717 8,449 4,450 5,803 12,613 9*303 769,100 37,192 60,769 31,269 916,246 73,866 8,773,427 170,849 927,830 1,074,544 452,069 341,780 1,672,411 3-12,703 229,124 353,055 303,037 92,909 59,711 31,528 114,927 43,019 16,670 33,495 26,468 59,693 898,330 39,652 441 983 321 411 340 96 432 121 I 35 133 140 San Fran. 217 TOTAL LIABILITIES 23,180,345 1,492,040 10,576,440 1,414,965 1,732,909 808,679 578,797 3,105,407 580,660 408,352 601,290 431,419 1,441,387 C A P I T A L A C C O U N T S 11,670 14,384 5,428 4,796 9,350 51,570 14,602 4,266 3,005 4,504 4,263 11,891 Capital paid in 139,809 10,906 22,024 4,925 3,152 3,613 3,974 10,785 Surplus (Section 7) 157,065 56,447 15,144 14,323 5,247 5,725 2,121 1,133 1,263 7,070 1,007 3,244 2,874 1,4,29 Surplus (Section 13b) 26,705 713 4,393 533 1,000 8,400 1,979 2,516 1,968 1,909 3,046 4,556 1,984 2,333 13,156 3,049 Other capital accounts 47,421 2,465 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,551,425 1,517,635 10,704,683 1,449,442 1,767,179 824,562 592,364 3 ,152,802 600,363 418,025 612,513 442,828 1,469,009 Commitments to make industrial 6 2,438 176 44 35 4 801 --176 1,560 347 1,673 advances 7 ,260 MATURITY DISTRIBUTION OF BILLS JUJD SECURITIES 31 to 61 to 91 days to 6 months TELthin 1 Year 16 to 2 Years to Over 6 nonths to 1 Year to 2 Years Total 15 days 10.A m * 60 days 90 days 5 Years 5 Years 97 5 46 56 58 Bills discounted l?04l 779 1,703 1,006 2,125 — 1,139 Industrial advances 113 168 1,186 7,320 295 TJ. S. Government securities, 633,400 1,229,600 136,300 57,000 127,000 dirept and guaranteed 2,184,100 Form F. P.. 283-d FEDERAL RESERVE NOTE STATEMENT 015 APRIL 2, 1941 (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Federal Reserve notes: Issued to F.R. Bank by F. R. Agent 6,444,451 524,911 1,701,563 444,604 584,439 310,081 222,805 1,347,947 245,513 166,736 221,518 109,438 564,846 Held by Federal Reserve Bank 285,224 23,424 70,382 17,483 19,394 13,522 17,462 3 0 ,3 1 0 12,696 4,313 6,916 7 ,6 6 4 61,658 In actual circulation 6,159,227 501,487 1 ,631,181 427,121 565,045 296,559 205,393 1,317,637 232,ri7 162,423 214,602 101,774 503,188 Collateral held by agent as se curity for notes issued to bank l Gold certificates on hand and due from U. S.Treasury Eligible paper Total collateral 6,534,000 530,000 1,720,000 450,000 588,000 325,000 230,000 1,360,000 249,000.167,000 225,000 116,000 574,000 C04 85 390 41 — 43 — — — 159 166 — —6,534,884 530,085 1,720,390 450,04l 588,000 325,043 230,000 1 ,360,000 249,000 167,159 225,3.66 116,000 574,000
@FedFRASER