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Form F;. R« 203 STATEMENT FOR THE PRESS Released for publication Friday; m o r n i n g , A u g , not earlier. Board of Governors of the Federal Reserve System August 1 3 , 19k2 CONDITION OF THE FEDERAL RESERVE RANKS During the w e e k ended August 12 member bank reserve balances increased $107,000,000• Additions to member bank reserves arose from a decrease of $111,000,000 in Treasury deposits w i t h Federal Reserve Banks and increases of $66,000,000 in Reserve Bank c r e d i t , $U,000,000 in Treasury currency, and $3,000,000 in gold stock, offset in part by increases of $76,000,000 in money in circulation and $2,000,000 in Treasury cash. Excess reserves of member banks on August 12 were estimated to be approximately $2,380,000,000, an increase of $130,000,000 for the w e e k . The principal changes in holdings of bills and securities was an increase of §8l|.,000,000 in United States Government securities. Bills increased $53,000,000 and certificates $31,000,000. Changes in member bank reserve balances and related items during the week and the year ended August 1 2 , I9I4.2, were as follows: Increase or decrease since Aug. 12, 19U2 Aug. 5, 19k2 . A u g . 13$ 19Ul (In millions of dollars) Bills discounted U . S . Government direct obligations U , S , Government guaranteed obligations Industrial advances (not including 1 7 million, commitments-^August 12) Other Reserve Bank crcdit 5 3,332 5 13 107 + 8h 5 +1,203 + -17 u + 6 3 Total Reserve Bank credit Gold stock Treasury currency 3,512 22,71+2 3,332 + 66 + 3 +1; +1,265 + 3 9 + 160 Member bank reserve balances Money in circulation Treasury cash Treasury•deposits with F . R . Banks Nonmembor- deposits and other F . R . accounts 12,709 12,870 +107 + 76 - 239 +3,073 2,206 + 2 - 155 171+ 1,627 -HI - 1 - 7"l+5 1+76 Form F . R . 283-c L I A B I L I T I E S Total F.R.notes in actual cir9,840,752 culation Deposits: Member bank-reserve acct.12,708,645 U.S.Treasurer-general acct. 175,977 Foreign ~ 888,6l8 oti ier 442,841 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 12, 1942 (In thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis M i n n . Kans.Cy. Dallas San Fran. 750,868 2,400,971 700,785 939,151 562,288 390,277 2,018,554 389,730 241,004 332,205 176,559 •625,413 5,171,637 4,918 33,905 22,998 473,008 5,569 283,334 671,083 24,491 65,513 12,625 932,856 9,116 62,783 62,677 489,406 598,836 1 , 9 2 1 , 8 5 0 333,431+ 208,506 424,598 361,602 1,114,61+4 5,985 12,536 7,662 31,079 6,359 4,843 21,965 11,132 15,013 19,790 30,027 23,885 19,790 83,256 20,473 52,082 8,824 1,913 7 ,ii46 2,206 2,371 4,927 13,855 32,089 958,380 Total deposits 14,214,081 533,218 429,775 2,031,973 435 >894 233,329 453,642 391,425 1 , 2 2 9 , 8 9 4 658,898 5,966,834 773,712 1,067,432 Deferred availability items 1 £16,600 129,396 81,624 37,531 96,884 225,376 74,501 157,912 43,o4l 21,754 47,208 35,391 60,982 Other liabilities including accrued dividends 3,831 306 172 130 259 529 805 195 407 135 323 3hh 226 TOIAL LIABILITIES 25,075,264 1,487,179 8,594,036 1,549,304 2 , 1 3 6 , 2 8 2 1 , 1 7 7 , 4 7 4 857,778 4,203,351 871,300 5 0 1 , 2 1 7 338,311+ 603,547 2,249,432 CAPITAL ACCOUNTS Capital paid in 11,962 53,1+70 145,136 5,832 5,132 14,325 9,439 11,784 15,994 4,499 3,065 4,639 4,445 Surplus (Section 7) 10,792 56,651 157,502 5,236 5,725 10,949 14,31+6 22,925 4,966 3,152 3,613 3,976 15,171 Surplus (Section 13b) 2,121 7,070 2,874 26,781 1,007 1,429 530 1,000 1,157 1,263 4,393 3,244 713 Other capital accounts 3,091 2.,659 8,711 2,053 2,647 2,164 2,003 14,149 4,948 2,103 2,483 3,345 50,356 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 25,455,039 1 , 5 1 3 , 1 0 0 8 , 7 2 5 , 3 7 6 1,533,997 2 , 1 7 1 , 4 0 8 1,193,339 871,331 4 , 2 5 7 , 9 1 c 383,348 5 1 1 , 0 8 1 349,917 6 1 5 , 2 3 4 2 , 2 77,1448 Commitments to make industrial advances F . R . notes outstanding Collateral for F.R.notes held by F.R.Agenxs: Gold certificates Eligible paper 17,109 438 1,724 596 10,302,828 773,714 2 , 5 1 2 , 8 7 0 730,761 970,997 599,541 421,729 2,061,788 417,679 245,730 344,056 192,680 1,031,503 10,447,500 2,510 785,000 2,540,000 2,265 740,000 975,000 625,000 425,000 2,080,000 430,000 250,000 350,000 198,500 1,049,000 Total 5,266 12.928 Bills discounted Industrial advances U.S.Government securities, direct and guaranteed 3 306,889 753 Within 15 days 4,025 7,345 60,516 1,255 659 1,346 1,047 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 16 to 3 1 to 61 to 91 days to 6 months 50 days 60 days 90 days o months to 1 year 62 67 38 1,054 1,518 156 767 401 595 70,333 333,323 439,756 149,965 134,700 — 2,894 ~ .1 to 2 2 to 5 years ' y e a r s 810 836 263,175 385,350 5,897 Over5 years 1,439,736 •Form F.R. 283-a Released for publication Friday morning, August l4» 1942; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE B A M S COMBINED (In thousands of dollars) CM r~4 hO 3 Increase or -decrease since Aug. 5 , Aug. 13, 1942 1941 1942 A S S E T S Gold certificates on hand and due from U» S . TreasuryRedemption f u n d — F . R» notes Other cash Total reserves 20,546,61+1 12,942 251,714 + 987 247 223 +246,112 - 3,715 - 28,270 20,811,297 -1,011 +214,127 Bills discounted; f Secured by S . G p v t obligations, direct and guaranteed Other bills discounted 3.670 1,596 + + 74 9 * 1,792 2,904 Total bills discounted 5,266 + 83 - 4,696 569 ' + 3,658 12,928 Industrial advances U# S» Government securities, direct and guaranteed? Bonds Notes Certificates Bills 1,646,886 728,105 322,858' 689,040 + 530 +30,500 +52,995 +283,086 - 92,195 +322,858 +639,040 Total U« St Government securities, direct and guaranteed 3,386,889 +84,025 +1,202,789 Total bills and securities 3,405,083 +83,539 +1,201,751 Due from foreign banks F . R* notes of other banks Uncollected items Bank premises Other assets. 47 26,709 1,123,436 4O,401 48,066 TOTAL ASSETS — — +1,000 - 4,758 +120,558 55 832 25,455,039 +204,737 +1,550,791 9,840,752 +72,271 +2,93U,34l 12,703,645 173,977 883,618 442,841 +106,593 -111,411 - 2,499 • . 714 - 14,214,081 1,016,600, -6,603 •138,023 -1,469,039 + 57,32$ • + + 347 +120,858 + 4 L I A B I L I T I E S F . R . notes in actuai circulation Deposits: Member bank—reserve account U» S* Treasurer—general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C i i P I T A L A C C O U N T S Capital 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 Commitments to make industrial advances '3,831' 25,075,264 145,136 157,502 26,731 50,356 25,455,039 86.5?? 17,109 ,527 239 ,079 745,448 30.5,688 170,324 r 600 +204,218 +!!, 523,725 + 36 + 433 + '. 4,203 + . 437 4 + 2,430 +204,737 +1,530,791 - ,3% - + 2,261 +: b*l% 4,051 Form ? . A. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE B A M S ON AUGUST 1 2 , • 1942 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta -St. Louis Minn.: Kans . Cy. Dallas San F r a n . Chicago Gold certificates on hand and due from U.S.Treasury 20,546,641 1,123,238 7,423,62? 1,224,805 1,689,517 872,940 Redemption f u n d — F . R . n o t e s 12,942 625 2,409 1,017 585 1,945 Other cash 251,714 63,880 19/750 13,617 . 18,640 12,445 655,925 3,623,335 643,070. 3 8 3 , 1 0 3 629,652 4 2 7 , 3 8 8 1 , 8 5 0 , 0 4 1 712 480 623 664 3.227 556 . 99 11,282 6,666 10. ,90 9 24,930 15,127 41,195 13,273 Total reserves 671,552 3,665,086 656,966 389,868 641,273 439,334 1 , 8 7 8 , 1 9 8 20,811,297 1,145,397 7,488,524 1,239,047 1,708,742 887,330 Bills discounted: Secured by U.S.Gov't obligations, direct and guaranteed 3,670 Other bills discounted 1,596 Total bills discounted 5»266 — — — 33 : 43 780 120 290 33 • 43 900 114 2,265 638 280 144 100 158 66 52 183 245 45 2,903 424 258 66 52 I83 — — — — — 114 Industrial advances 12,928 U . S . Government securities, direct and guaranteed: Bonds 1,646,886 Notes 728,105 Certificates 322,858 Bills 689,040 1,16-3 623 5,212 472 820 1,183 227 14 520 507 141 2,046 117,12.5 51,784 22,961 48,956 458,413 202,067 89,868 191,607 122,143 54,002 23,945 51,053 153,480 67,855 30,089 64,151 99,845 7i,24o 31,494 13,966 29,777 210,981 93,276 41,361 88,186 82,048 36.273 16,085 34,294 44,144 72,669 32,127 14,246 30,374 63,728 28,175 12,493 27,313 151,070 66,790 29,616 63,144 Total U.S.Gov't securities, direct and guaranteed 3,386,889 240,826 942,555 251,143 315,575 205,296 146,477 90,768 1 4 9 , 4 1 6 1 3 1 , 7 0 9 310,620 241,989 946,081 316,305 206,182 1 4 7 , 7 1 2 9 1 , 3 2 1 149,966 1 3 2 , 7 5 0 •31-2,780 Total bills and securities 19,574 41,733 433,804 168,700 • 3,405,083 Due from foreign banks 47 3 F-.R, notes of other banks 26,709 1,046 Uncollected items • 1,123,436 - 1 1 8 , 6 5 0 Bank premises . 40,401 2,745 Other assets 48,066 3,270 TOTAL ASSETS 44,144 256,779 - 434,214 169,004 1 1 4 3,478 942 2,699 1,389 75,438 25,833 5 1 , 0 2 0 39,294 1,090 " 1,321. 2,831. 2,723 2,12? 4,827 1,823 1,34?1 ~ V 2 5 , 4 5 5 , 0 3 9 1 , 5 1 3 , 1 0 0 8 , 7 2 5 , 3 7 6 1 , 5 6 3 , 9 9 7 2 , 1 7 1 , 4 0 8 1 , 1 9 3 , 8 8 9 8 7 1 , 8 3 1 4,257,910 883,848 5 1 1 , 0 8 1 - 849,917 6 1 5 , 2 3 4 2 , 2 7 7 , 4 4 8 18 3,326 264,318 10,379 12', 730 5 1,637 78,035; 4,827' 3,667 •Less than $500. 4 1,515 135,434 4,373 5,035 2 2 2,407 2,874 91,844 45,747 3,074' 1,954 2,010 3,050 6 2,770 146,912 ' 2,956 5,966 19,518 8,654 18,452 1 2,626 50,9H 2,128 2,212 *
@FedFRASER