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Form F. R. 283 STATEMENT FOR THE PRESS Released fo r p u b lica tio n Friday morning, A p ril 9 ; not e a r lie r . . Board o f Governors o f the Federal Reserve System A p ril 8, 191*3 CONDITION OF THE FEDERAL RESERVE BANKSDuring the week ended April 7 member bank reserve balances increased $351*000,000. Additions to member bank reserves arose from increases of $657,000,000 in Reserve Bank credit and $4,000,000 in Treasury currency, offset in, part by increases of $153,000,000 in Treasury deposits with Federal Reserve Banks, $10 1 , 000, 000. in money, in circulation, $8 , 000,000 in npnmember deposits and other Federal Reserve accounts and $7,000,000 in Treasury cash, and a decrease of $35,000,000 in gold stock. Excess reserves of member banks on-April j were estimated to be approximately $1,930,000,000, an increase of $460,000,000 for the week. There was an increase of $630,000,000 in holdings of United States Govern ment securities. B ills increased $41*6,000,000, certificates $13 !* ,000,000, bonds $1*1*, 000, 000, and notes $6 , 000, 000. Changes in member bank reserve balances and related items during the -week and -the year ended April 7» 191*3« Increase or decrease since April 7. I9i*3 March 31» I9b3 April 8 , 19U2 (In millions of dollars) B ills discounted U. S. Government direct obligations U, S,. Government guaranteed obligations Industrial advances(not including 13 million commitments - April 7) Other Reserve Bank credit 13 6,1*97 52 13 273 __ + 620 + 10 V. — 26 Total Reserve Bank credit Gold stock Treasury currency 6,31*3 22,51*1 3.99U + 657 - 35 + 1* Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F.R. Banks Nonmember deposits and other F.R. accounts 13 ,110 + 351 + 101 + 7 - + 153 + 3 16,353 2,229 213 1,1*77 + 6 +1*..258 + 1*8 + + 3 11*9 ..+4, 1*61* - 131* + 715 + 395 +l*,7l*3 + 52 + 23 - 168 form P. ft. 283'STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS' ON APRIL 7, 1943 (In thousands of LI A B I L I T I BS Total Boston- New York Phila. Cleve. Rich. F„ k .' notes in actual circulition . 12 , 039,092 - 930,556 2, S39.,l*15 905,372 1181 ,1*71* 825,203 Deposits; iiiGitiber bank-reserve acct. 1^ 110,156 • 066,203 u , 521,142 683,967 1107,666 527,628 U.S.Treasurer-general" acct. 213,257 248 208,838 162 561 237 Foreign ' 876,1*20 30,226 lA ll*,3 3 7 71,568 69.307 32,39lt other 293 , 96!* 6,61*6 ~ 125,297 11,150 51*,339 13,179 dollars) Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 629, 3 8 8 2 , 519,570 51*6,791* 325,779 1*58,1*59 281*,881 1 , 392,193 510,326 2 , 077, ¿U3 27ii 1,039 26,367 91,908 3,621 3,579 1*39,76? 276,721 516 271 22,600 16,571* 11,383 9>3l*Q 535,351 1*90, 105 1,273,365 503 HI 1*97 2 1 , 09!* 22,600 57,lil*5 3,139 2,673 52,613 Total deposits 14,1*98,797 703,323 5,269,611* 766,81*7 1231,873 573,1*38 51*0,538 2,175,939 1*71*,273 302,906 560,097 515,1*89 l,33l*,l*20 Deferred availability items^073, 592 93,019 229, 77!* 65,738 113,1*1*2 87,11*1* 1*6,31*1 153,836 52,915 22,032 61*,0l*5 39,1*1*1* 105,362 Other lia b ilitie s including accrued dividends 6,133 6?1* 1,576 1*31 573 1*63 231 901 221* 175 287 161* 1*19 total LIABILITIES 28,1*22,6191727,992 8,31*0,379 1733,388 2 , 527, 36211*86,21*8 1216,5l*Q 1*,855,251* 107l*,2o6 650,892 1082,878 839^978. 2,832,391* CAPITAL ACCOUNTS 1*,600 3,166 3,166 15,229 Capital paid in 11*6,906 9,519 53,651* 11,685 15,229 5,931* 5 , 931* 5,271 16,1*35 1*,600 1*,795 12,121* 1*,795 l*.l*9l* l*,l*9l* 5,271 16,1*35 3,221 lt,966 3,221 5,236 22,925 burplus (Section 7 ) l6 o ,4 li 11,160 53,001- 15,670 ll*,767 5,236 5,725 22,925 4,966 3,613 11,01*1* 1*,033 3,613 1*,033 ll*,767 5,725 1,000 530 1,137 1,307 Surplus (Section 13b) 26,829 2,871* 7,070 1*,393 1,007 3,21*1* 717 1,1*29 530 1,000 1,137 1,307 2,121 1,007 3,21*1* 717 1,1*29 2,9622,9625,1*69 other capital accounts 76,890 k& h 21 , 474. 5,1*1*5 7,373 3,737 3 ,1*1*012,015 12,015 3,1*123,1*12 3,1*1*0 3,3013,30 13 , 1*883,1*88 3,737 7,373 TOTAL LIABILITIES AND 1 ~ >65,733 I50l*,399 1231,701 4,908,053 1087,711* 661,660 1095,911 052,824 CAPITAL ACCOUNTS 28,833,655 1755,839 8,1*80,573 1775,531 Commitments to make industrial — advances 13,322 1,017 27 1,514 530 1,092 1,-092 " ~ 3,0313,031 — 220 530 108 108 -1,7831,703 F. R. notes outstanding 13 , 369,115 Collateral for F.R. notes held by F.R.Agents: Gold certificato.s 13 , 046,000 Eligible paper , . 10,115 U.S. Gov’ t securities 505,000 975,081* 2 , 957,986 930,901* 1,224,978 852,1*36 666, l 6i 2,589,1*89 936,000 2 , 985,000 35o,ooo 1 , 230,000 7l*7,ooo 1,775 7,325 465 — 50 _5Q,000 — 100,000 — 125,000 573,321 331,761* 1*72,729 3H,598 1*1*82,615 645,ooo 2 , 620,000 400,000 335,000 ...475*000 319,000 150l*,000 — — — — — ~ 30,000 — 195,000 — 5,000 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Industrial advances U. S. Government securities, direct and guaranteed Total 13,230 12,91*7 Within 15 days 5,653 9,619 16 to 30 days 6,752 279 31 to 60 days 175 206 61 to 90 days 700 242 9 I days to 6 months ' — 1,016 6 months tc> 1 year — 733 562,400521*, 050 935,628 1 , 026,770 533,967 226,539 l / A fte r deducting $455,166,000 p a r tic ip a tio n s o f other Federal Reserve Banks. 6, 51*9,022 l to 2 y^ars 2 to 5 ‘year* — 675 31*3,100 177 Over 5 years — -- 377,621 1,453,91*6 Form F. 'K, 28$a heleased for publication Friday morning, April 9 ,1943» nD^ earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BRINKS COMBINED (In thousands of dollars) Increase or decrease since A pril 7» 1943 ASSETS Gold c e r t ific a te s on* hand and due • from U. S, Treasury Redemption fund - F. K* notes Other cash Total reserves B ills discounted* Secured by U. S. Gov’ t ob liga tion s, d ire ct and guaranteed Other b i l l s discounted Total b i l l s discounted Industrial advances U. S. Government se cu ritie s, d ire ct and guaranteed: Bonds Notes C ertifica tes B ills Total U, S, Government; s e cu r itie s , direct' and 'guaranteed Total b i l l s and s'ecurities Due from foreign banks F, R. notes o f other banks Uncollected items Bank premises Other assets TOTAL ASSETS 20,337,416. 1*0,703 361,702 20,739* 326 12,23.0 •1,000' 13.230. 12,947 A pril 8, 1942 March 31, 19Ji3 - 33.996 - i,232 - 9,568 - I4J4., BU6 + + - 136,495 26,690 33,794 76,011 + 2,060 - 1,501 + 6,874 .442 + + + 6; 432 559 239 3,311 2 , 051,967 930,675 933,375 2,533,004 + 43,600 + 6,100 +133,700 +446,491 + 501,231 + 283,175 + 933,375 *2,533,004 6, 5149,021 +629, 89! +4, 305,735 6,575,243 +630,739 +4,315.523 ■ 4? 51,676 1 , 351,059 39.031 7 6 ,7.63, - 13,467 - 37j, 519 - ; 26 +; 2,145* 23,333,655 +437, 026* +4,652,539 12,339,092 + 30,596 +4,164,775 13, 110,156 213,257 876,420 2’98>9-61i- +350,356 +153,414 - 2,975 +• 11,879 + 394,710 + 22,779 + 153,770 - 328,796 14,493,797 1,073,592 +513,174 -113,091 + 242,463 + 208,091 6,133 23,422,619 +. 55.6 +436,235 + 1,321 +4,617,150 I46i906160, 4H 26,329 76,390 23,333,655' 5 -«■*» + 796* +437,026* + 3,517' + 2,909 + 48 + 28,915 +4,652,539 25,369 356,600 l,6 o4 . + . 32,157. .+ + L I A B I L I T I ES F. R. notes in actual circu la tio n Deposits* Member bank-reserve account U.S. Treasurer-general account Foreign Other Total deposits Deferred a v a ila b ility items Other l i a b i l i t i e s including accrued dividends* ,*1 TOTa L LIABILITIES CAPI TaL a c c 0 u n t s Capital paid in Surplus (S ection 7) Surplus (S ection ljb ) Other capital, .accounts TOTAL LIABILITIES AND CAPITaL ACCOUNTS Ratio o f tota l reserves to deposit and F. R. note l i a b i l i t i e s combined Conanitments to make in dustrial advances 75.9% 13,322 1 . 3% 179 *lar* 31 figures revised. 14.9% 150 Form F. R. 283b statement of condition of the federal reserve banks on april 7 , 1943 ( In thousands of dollars) ASSETS Cleve. Total Fhila. Chicago St.Louis Boston New York Rich. Atlanta Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 20,337,416 1179,459 6,003,817 1249,925 1,863,374 1029,808 871,955 3,630,732 610,522 462,290 752,146 582,944 2,120,644 625 666 10,891 Redemption fund - F.R.notes ÌiO>708 6,822 7,510 6,072 2,129 533 1,165 1,417 719 2,359 7,821 12,586 Other cash 42,672 18,136 9,515 86,946 361,702 35,680 16,855 25,144 15,635 42,745 48,191 Total reserves 20,739,026 1217,498 6 , 091,928 1281,141 1 , 906,858 1054,766 889,717 5,680,540 658,046 470,1*44 745*157 593,125 2,170,326 Bills discounted: Secured by U. Sm Gov11 obligations, --— — 7,825 2,000 50 — 125 4o direct and guaranteed 12,230 465 1,775 22 28 50 76 122 30 — Other b ills discounted 92 35 1,000 427 43 95 lotal b ills discounted 30 22 28 155 76 7 224 44 29 5,325 97,526 46,609 46,738 188,991 61,274 29,283 29,365 34,698 93,066 46,370 46,996 71,930 81,674 59,055 59,141 41,792 199,166 95,185 95,447 183,177 579,864 154,620 265,862 201,642 577,975 579,901 154,866 ★ l 6 1,615 3,647 3,195 60,397 31,129 192,012 1,302 2,902 2,099 3,623 9,302 2,504 265,934 201,826 531,874 1 2,215 51,475 1,055 5,149 4 7,622 145,299 2,675 7,554 122 13,280 1,775 8,252 560 152 95 2,055 Industrial advances 12,947 Ü. S# Government securities, direct and guaranteed: Bonds 2,051,967 Notes 980,675 Certificates 983,575 Bills 2 ,535 ;004 Total U* S# GovTt securities, direct anil guaranteed 6, 549,021 1,452 608 4,677 1,151 492 571 149,629 512,899 71,510 245,125 71,708 245,799 1.07,407 1,049,742 155,599 74,562 74,568 9.7,274 197,022 94,161 94,420 111,415 127,745 61,055 61,220 86,997 104,102 49,752 49,890 65,049 400,254 2,053,565 401,805 497,018 557,015 266,793 1,014,610 Total b ills and securities 405,481 2, 062,425 407,040 498,301 557,600 269,199 1,014,301 1 / 18 5,464 292,521 9,768 18,654 5 1,756 75,250 4,719 5.690 4 1,980 145,593 4,298 3,724 2 7,112 96,976 3,030 4,913 6,575,248 Due from foreign banks 47 F. k* notes of other banks 51,676 Uncollected items 1,551,059 Bank premises 59,051 Other assets 76,768 total ASSETS 5 1,549 125,655 2,708 5,167 2 4,137 63,250 1,715 5,701 1 69 267,265 127,750 123,005 491,552 l 6 ,6o4 73,744 2,784 5,687 20,333,655 1755,839 8,480,579 1775^581 2,565,738 1504,399 1231,701 4,903,050 1087,714 661,660 1095,911 852,824 2 , 913,652 ♦Less than $500. l/ After deducting $29,000 participations of other Federal Reserve Banks.
@FedFRASER