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Form F.R, 283 S TAT M ENT FOR THE PRESS Released fo r publication Friday morning* A pril 7 5 not earlier Board of Governors of the Federal Reserve System April 6 , 1944 COHDITION OF THE FEDERAL RESERVE BANKS During the week eiried April' 5 'member bank reserve balances increased $221+,000,000* Additions to member bank reserves .•arose franf an increase of $17>000,000 in Reserve Bank cred it and reductions o f §327*000,000 in .Treasury . deposits with Federal Reserve Banks and $112,000,000 in nonmember deposits and other Federal Reserve accounts, o ffs e t in part' by a decrease of $60,000,000 in gold stock , and increases of ,$154,000,000 in money in circu la tion and $18,000,000 in Treasury cash. Excess reserves o f member banks on April 5 were estimated to be approximately $900, 000, 000. There was an Government s e c u r itie s : $17, 000, 000. increase of $35,000,000 in holdings o f United States . c e r t ific a te s increased 952,000,000 and b i l l s decreased Changes in member bank reserve balances and related items during the week and-the-year sided April. 5.» 1944, were as fo llo w s : Increase or decrease sine e A pril 5» March 29, April 7* 1944 1944 1943 (in m illion s of d o lla rs) U# S# Govt« s e c u r it ie s (in c l# guar# s e c») Loans* discounts# and advances Other Reserve Bank cre d it 12,332 56 377 + + 35 37 18 +5,783 + 30 + io 4 T ota l Reserve Bank c r e d it Gold stock Treasury currency 12,766 21,540 4,093 + + 17 60 .1 +5V916 -1,001 + . 99 Member bank reserve balances Money in c ir c u la t io n Treasury cash : Treasury d eposits with F*R* Banks Nomember-d eposit s •and ojther F«R* a.CQ.ouilt s 12,277 21,191 2,347 6 2,157 :♦ + + - 224 154 18 327 112 - 833 +4,838 + 118 + 213 + 680 ;'orm F. R. 283c LIABI-LITIES Total 'STATEMENT- OP CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 5, I9UU (In thousands o f d olla rs) Boston New‘-York •' Phila. . Cleve, Rieh. Atlanta Chicago St.Louis Minn. Kans-.Cy. inderai. Reserve note? 17,635,730 1174,25-5 3¿$2?,110 -II88,955- 1,559,859 1170,699 1021,277 3 , 282,198 Deposits: ' . 1 , ifember bank-reservs acct42 , 276,815 <592 ,931 4,128 ,222 ” Ö06, 590 943,588 505,328 520 ,584 1,762 ,116 U.S'.Treasurar-goneral'acict. 1^26,330 25,336 " 211,418: 18,288 31 ,l4 l 10,176 12,506 51,481 /oreign 1 1 ^ 32,527 ' 98r25i;.2/567,4l3r 124,636 120,571 54,189 43»352 167,987 other 368,601 2,855 - 2?6 , 892’ 5,623 6,415 4,039 3,593 3,793 Total deposits . . 1 4 , 504,273 719,573;;j, 183,945.'. 755 A37 1 , 10 1,715 573,752 580,055' 1,985,577 206,061 Deferred a v a ila b ilit y i i ►emsl, 265 ,164 98,353 , 255,169.. 75,970 72,075 84,875 125,045 Other l i a b i l i t i e s incluaLing 656 . 2 ,079; 8,016 83l accrued dividends 282 556 1,199 649 ToTa L lia b ilitie s . 33',4 1 3 , 18? 1992 ,637 9,368,503. .¿018,618 2 ,787,498 1829,583 1674,030 5,474,355 Capital paid in 11,828 6,276 18,171 5,564 156,645 15,959 9,3.79 .. 57,754 Surplus (S ection 7) 13,206 16,026 26,490 70,012 5,236 183,097 5,725 17,859 -Surplus (S ection 13b) 3,290 7,092 ■ 26,965 4,421 2,874 1,007 749 1,429 Other capita l accounts 63,552 3,518 4,972 4,558 8,378 4,552 '15,154 10,734 TOTAL LIABILITIES AND CaPIT-iL ACCOUNTS 33,853*442 2022,114 9513,315 2057,084 2, 828,868 1849,562 1690,426 5,551,659 Commitments to make in dustrial — — advances 8,378 8 450 52 1,485 1,193 PmR. notes outstanding C ollateral fo r F.R.notes neld by ¡Mi.^gents* Gold ce rtifica te s. E lig ib le paper U.S.Govt, secu rities. 756,233-400,726 652,752 433,759 2067,927 428 M l 282 ,245 15,998 9,570 41,997 29,804 9,12h ]G/?75 571,693 8,997 39,-287 •3,035 514,306 1420,525 - 9 .*94l 21,478 39,287 105,753 33 428 496,406 552.094 55,016 24,934 625,012 76,221 566,965 1586,134 4 2 ,745 150,652 345 241 206 264 658 1508,000 7 58,545 1352,249 1043,653 3805,421 13,078 4,827 5,097 4,795 '3,417 . 6,330 3,669 4,554 14,159 4,831 •53c 1,000 2,129 1,137 1,307 3,069 3,765 3,565 2,947 3,742 1522,602 770,175 1366,602 1057,687 3858,550 ---- ---- 3,000 ---- 2,690 13,194,717 ,1200,046 4 ,062,326 1214,179 1,599,354 1198,245 1063,455 3 , 560,206 ’ 788,594 407,052 670,088 458,847 2172,325 1 3 ,120,000 - 761,000 3,770,000 42,110. 5,180 30,775 450,000 300,000 5,589,541 291,000 1724,000 — — 500,000 175,000 .Total Discounts and advances Industrial loans U. S. Govt, se cu ritie s ( i n c l . guar, s e c .) Dallas San Fran. : ; 43 >9óo 12,494 Within 15 days 740,000 1 , 100,000 775,000 710,000 2, 295,000 290,000 234,000 430,000 ------— j. — . 500 — . 5,550 125 500,000 375,000 1 , 170,00c 569,541'175,000 450,000 4.75,000 ! 250,000 IizVFURITY DISTRIBUTION OF LOAFS ÆD Si'CJKl^ILS 16 to 30 days 31 to 00 days . ■61 tf; 9à àüyr> s- to 6 r.ic.'ïtns 6 montns to .1 y ¡ar- 4 to 2 yaars ' §8,055 11,092 11,555 505 975 29 3,375 311 130 290 &5 12,331,921 1,274,505 1,233,043 2,127,225 2,378,377 1,563 ,^40 1,6C0,SC'- 17,800 l/ A fter deducting $861,611,000 p a rticipa tion s o f other Federal Reserve Banks, 2 to 5 years Over 5 years 1+6 977 M 5 ~ l,l$ k ,5 d 6 Form F. R. 283a Released fo r publication Friday morning, j-.pril 7> 1944; not earlier.' dTiiTEMS^iT; OF 'CONDITION OF THE TiiELVE riSDBlSi* J&SERVE j BAMS CriiBIIiED •(In thous-ands o f d o lla r s )’ Increase or decrease •since A or.: 5 1 ; Iviar. 29 1314 . V . 1944' A p r, 7 19,084; 3^ 5" " '— 50,000 278, C68 - 12,467 - 22,234 295,5$5 -1,253,091 + 237/360 66,167 84,701 19.657 ^ 8 b£.96& *'r- 38-, 968 12,494' . + 2,518 -1 , 081,898 + 30,680 453 - 17,226 6,716*J50 + 51,700 3,003,C>40 * 1,161,264 — 1,451,1)67 • +4,183,1146 +2,019,665 + 180,589 - 600,500 + 34,474 +5,782,900 - - 10,231 -139,598 8 - 3,488 +5,813*127 + . 89 20,457 + 291,195 4,065 19*118 . - 240, oce +5*019,787 17,635^730. " +137,028 +U,796,638 12,276,815-. * '+223,571 .1^6,330 . ' -326,757 l,lf32,527 - -131,860 + 15,480 368, 601, 14,504,2.73;' „ -219,566 -158,006 1,265,164- •p + + + 1943 •A S S E. T S G old^certlficatB s"’ on hand-and due ;from,lJ, S* Treasury Redemptionifund - F. R. notefe Othei: cash,: ' ri * ' Total r»servfes.‘ * ^ ........ " ........"‘ - y r'y ^ " - ... Discounts and advances i Indu strial! loans II.1 S, Govt* s e c u r it ie s B ills ;• C e r t ific a t e ? * *. N.fctes ! Bpnds r‘J*. w « To ta l U»/.£(• Golr-t; s e c u r itie s ( i n cl / guaty sec»«) ^ .12#331*921 Tota-i lo-$-&s and s e c u r itie s • * (« 12,388,>75'. ' ,136 72,133 . l,642;254*• 34*966 : ' 57,650 - Due Troifr fo re ig n banks ’ 4 ' F, "R.. ng.t4s ^of^'‘other banks ; U ncollected itemsBank’ premises Other assbts TQTa L 33,853,14^ 1,976 *- j* L. IABILITIE. S Federalr-ffe serve .notes s Deposit« i -• +• + « /' j ’ iucmber*-l|ank: - reserve account U*S . Trwsibisurer^gbneraLt #ccpunt Foreign; Other Tot-el d ep osits ' Deferred: a v a ila b ilit y itqirfs Other l i a b i l i t i e s including accrued* dividends / ; i, tota£ LIABILITIES ** ,f * •d a P I T A L 8, 016. ; -33*413,182 j ' Capital paid in Surplus (S ection 7) Surplus (Section 13b) •jther qa pita l accounts 7 1,878 -240,537 +4,990,564 + * • .C C' 0 PlN'T-'S^ ;* *♦j TOTAL LIABILITIES AND<CAPITAL ACCJUNTs' Ratio o f t o t a l re so rv p s;to d eposit ana F. S, note lia b ilitie s ;,co m b in e d Commitments to make in d u stria l loans 833.341 213,073 556,107 69,637 + 5,476 + 186,572 9.739 + 58 + 156,645 + 27,686 188,097 + -136 26,965 m 8,338 + 477 m 68,53? .... , ....... ................ ..................... ................. 3 3 ^ 8 5 3 ,^ ' 6 if2% 8,.878.. -¿4o,<$e +5.012,787 - - .i% 2,287 ik.1% b,bhO Form F« R* 283t STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OF APRIL 5 , .19UU (In thousands o f d o lla r s ) 1SSE I S Total Boston New York Phila* Cleve* Rich.* Atlanta Chica'go* £t*Louis Gold c e r t ific a t e s on hand and due from U, S v Treasury*' 19#08U,325 1015,596. 5*755*495 104?,027 14472,403 1020,658 982,956 3, 300,620 Redemption fuixd-F^R«notes 278*068 24*080 ,2 5 *0 1 7 23,626 19,215 55,054 23; 191 .1^,419 Other cash 21*C91 22*807 15,907 • 16,944 44*542 295,535 24,331 85,219 Total reserves 19, 657,928 1062,918 5, 860*133 1094,198 1, 520*227 1060, 191- 1019,115 3*4oo*4i6 • Discounts and advances Industrial loans u\ s* Govt» secu rities B ills C e rtifica te s Notes Bonds 43,960 12,494 5,180 1*427 30,775 123 5,530 5,476 370 216 6, 716,150 360,807 2,041,527 3* 003,040 230,401 638,969 1*161*264 89*094 247,087 1*451,467 111*359 308,834 39l*8i<4 243,780 94,270 117,829 495,829 343*610 132,872 166,077 297,141 200,849 77,667 97*076 Minnt Kans* Cy* Dallas San Fran» 553*742 362,667 29*210 8,724 12,374 6*266 701,234 519,' ll*915 9*1 10,985 10*149 2,350,422 29,213 24,920 595,326 377,657 724,134 539,058 2,404,555 * 800 4 500 3 500 4,488 229,010 1*257,498 179*476 316,356 69*403 122,333 86*747 152,905 390,639 185,964 242,025 189^863 139,965 91*362 160*801 146*339 62*182 56,590 54,125 35,328 67,651 44* i *>7 77,722 70*731 634,003 311,132 120,313 150,379 550 97 —- 260 125 30 Total U. S* Govt* s e cu ritie s ( i n c l . guar* sec*) 12,331*921 791*661 3*236,417 847*723 1,138*388 672,733 564*636 1*849,092 652^380 356,811 542*73 0 463,523 1*215,827 Total loans ana s e cu rities 798,268 3*267,315 858,729 1,138,758 672,949 565*283 1,849,896 652*880 357*071 542,885 463*526 1*220*815 12 3,228 155*368 4*186 7,089 6 6,482 102*546 2,915 4*273 12,388,375 Dae from foreig n banks 136 F* R* notes o f other banks 72*133 Uncollected items 1.642*254 Bank premises - 34*966 57 ¿650 Other assets TOTAL ASSETS 33*853*442 10 1*057 154*195 1#652 4,oi4 1 / 49 11*799 357,088 9*062 12,869 4 3,099 48*418 970 2,612 11 17,427 187,653 2,004 6,085 2057,084 2,828*868 1849,362 1690*426 5,531,659 1*322,602 770,173 1366,602 1057,687 3,838,550 12 2*074 94,380 3,564 4*127 4 7,063 93*884 1*643 3*434 17 8,512 263,750 2*929 6*139 4 5*310 64*498 2*054 2 ,5 3 0 l / After deducting $87,000 p a rticip a tion s of other Federal Reserve Banks* 3 1,333 31,232 1,273 i,6 o 4 4 4,749 89*242 2,714 2*874