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Fora F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, August 15; not earlier. Board of Governors of the Federal Reserve System August 1-4, 19-41 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 13 member bank reserve balances declined $3 ,000,000. Reductions in member bank reserves arose from increases of ¿£9,000,000 in Treasury deposits with Federal Reserve Banks and $16,000,000 in Treasury cash, offset by decreases of 449,000,000 in nonmeaber deposits and other Federal Reserve accounts and $3 ,000,000 in money in circulation and by increases of $21,000,000 in gold stock, $16,000,000 in Reserve Bank credit and $3,000,000 in Treasury currency. Excess reserves of member banks on August 13 v/ere estimated to be approximately $5 ,030,000,000, an increase of $10,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended August 13, 19-41, were as follows* Increase or decrease since Aug. 13, 1941 Aug. 6, 1941 Aug. 14, 1940 (In millions of dollars) Bills discounted U. S. Government direct obligations U. S. Government guaranteed obligations Industrial advances (not including 13 million commitments - August 13 ) Other Reserve Bank credit 10 2,179 5 + 5 — 9 44 + 12 Total Reserve Bank credit Gold stock Treasury currency 2,247 22,703 3,172 + 16 + 21 + 3 Member bank reserve balances Honey in circulation Treasury cash Treasury deposits with F, R.Banks Nonnenber deposits and other F. R. accounts 12,948 9,792 2,361 919 2,103 + + — + 7 260 2 — 3 3 16 80 49 + 6 248 +2,014 + 145 •mm - 392 +1,848 + 80 - 21 + 397 F o m F. ?.. 283~a Released for publication Friday morning, August 15,1941; not earlier. STATEMENT OF COUDITION OF THE TWELVE FEDERAL RESERVE DANKS COMBINED (In thousands of dollars) Increase or decrease since Aug. 13 , Aug. 6 , Aug. 1-4, 1941 1941 1940 ASSETS Gold certificates on hand and due from U, S. Treasury 2 +1,912,549 20,300,529 — ■ Redemption fund - F. R. notes + 4,706 16,657 Other cash - 82,082 279.984 + 11,741 Total reserves 20,597,170 + 11,739 +1,835,173 Bills discounted: Secured by U. S. Gov’ t obligations, + 3,714 + direct and guaranteed 4,450 5,462 4“ 859 + __ 2*565 4,500 Other bills discounted Total bills discounted + 9,962 + 4,573 7,015 Industrial advances — 178 + 9,270 725 U. S. Government securities, direct and guaranteed* rrT Bonds + 44,604 1 ,363,800 - 306,432 Notes 820.300 Total U. S. Government securities, - 261,828 direct and guaranteed 2 ,184,100 Total bills and securities Due from foreign banks F. R. notos ofobher banks Uncollected items Bank premises Other assets TOTAL ASSETS 254,088 — 9,788 224,254 951 9,856 2,203,332 47 31,467 1,002,878 40,456 48 *898 + 4,395 + 1,377 +122,395 + 39 + 709 + + - 23,924,248 +140,654 +1,804,320 6,906,411 + 2,626 +1 ,613,608 12,947,724 919,425 1,194,306 621,665 15,683,120 958,777 — 3,703 + 80,111 - 7,347 42,023 + 27,038 +110,423 — + + + ......Jkiai 23,551,539 + + ... JL40 +1,791,026 L I A B I L I T I E S F. R, notes in actual circulation Deposits * Member baric - 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 +140,614 a c c o u n t s Capital paid in Surplus (Suction 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 527 391,863 20,579 256,508 115,198 40,736 217,814 140,933 157,065 26,785 47.926 23,924,248 91.2* 13,058 + 22 — + IS +140,654 — + 24S + + 3,380 5,345 54 + 4,623 +1,804,320 + + 1.9% 4,688 Form F. R. 28>-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil AUGUST 13, 194-1 (in thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Fran, Gold certificates on hand and due from U.S.Treasury 20*300,529 1,189,678 8,503,174 1,310,471 1,570,557 711,537 491,794 3,380,408 546,366 354,214 481,354 344,337 1,416,139 Redemption fond -F.R.notes 16,657 5,038 1,388 1,286 686 1,577 600 1,478 973 583 526 770 1,752 Other cash 279,984 20,669 68,615 17,421 20,610 12,225 22,478 40,548 14,397 6,349 12,211 12,915 31,546 Total reserves 20,^97,170 1.215,385 8,573,177 1 ,329,178 1,591,853 725,339 514,872 3,422,434 561,736 361,146 494,091 353,522 1,449,437 Bills discounted« Secured by U. S. Gov’ t obligations, — 117 47 75 29 20 direct and guaranteed 5,462 10 110 4,870 159 25 10 56 154 Other bills discounted 4,500 3,806 22 21 38 393 337 141,895 74,720 57,484 35,348 44,943 34,577 166,999 65,386 38,477 66,280 53,594 100,446 39,630 23,144 39,864 32,235 107,765 64,817 119,663 92,061 267,445 105,516 61,621 106,144 35,829 172,582 267,338 105,563 62,312 106,773 86,676 227,714 120,476 92,285 * 1 6 1 2 2 A 1 2,368 2,156 1,689 2,247 911 2,914 1,694 9,130 137,843 77,551 37,057 146,891 55,001 24,675 43,739 33,993 2,932 1,174 3,001 2,298 1,350 4.500 2,719 1,966 2,288 2,001 5,647 2,263 1,412 5.500 2,964 2,011 172,763 10 1,300 8,676 1,184 1Û0 3,586 99,286 59,719 384,113 231,036 107,301 64,541 Total U, S. Gov’ t securities, direct and guaranteed 2 ,.184.100 159,005 615,149 171,842 227,243 Total bills and securities 160,315 625,009 18 2,661 228,760 10,095 13,149 175,608 Due from foreign banks 47 F.R,notes of other banks 31,467 Uncollected items 1 ,002,878 Bank premises 40,456 Other assets 48,898 TOTAL ASSETS 3 812 99,198 2,801 3? 308 5 1,818 68,789 4,823 4,l4l 510 10 171 Total bills discounted 9.962 Industrial advances 9,270 U. S. Government securities, direct and guaranteed* Bonds 1,363,800 Notes 820,300 132 339 25 788 58 l66 47 — 393 229 462 85 544 A 3,067 49,381 2,797 4,214 23,924,248 1,481,822 9,452,869 1,584,362 1,969,108 938,181 651,10? 3,848,185 729,013 452,584 652,071 483,278 1 ,681,663 *Less than $500. Fora F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 13, 1941 (In thousands of dollars) L I A B I L I T I E S Total F. R.notes in actual cir culation 6,906,411 Deposits* Member bank-reserve acct•±2 ,947,724 U.S.Treasurer-General acct. 919,425 Foreign 1,194,306 Other deposits 621,665 Boston New York Phila. 574,884 1,805,923 481,595 658,327 330,143 228,469 1,479,113 257,103 174,447 231,090 109,068 576,249 662,838 6,030,673 789,672 72,990 116,017 17,859 946,186 422,789 288,114 1,876,760 326,879 171,147 295,893 252,813 72,656 36,645 3^,132 132,977 34,11.9 43,284 35,268 40,320 110,037 51,430 41,862 143,527 35,802 26,313 34,686 34,636 27,071 5,049 6,836 4,865 8,036 6,106 2,443 .1,779 883,960 32,380 90,943 25,238 62,900 54,604 9,652 317,754 454,319 506,726 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Gy. Dallas San Fran. deposit 15,683,120 789,994 7,309,472 996,538 1,155,950 515,913 374,944 2,158,129 404,916 246,850 Deferred availability itens 958,777 71,429 120,063 75,786 33,952 162,721 55,027 21,466 90,986 208,095 Other liabilities including 406 118 358 347 97 742 269 129 315 accrued dividends 3,231 TOTAL LIABILITIES 23,551,539 1,456,222 9,324,232 1,549,831 1,934,687 922,157 637,462 3,800,369 717,175 442,381 CAPITAL A C C O U N T S Capital paid in 14,526 51,670 5,53-4 4,837 9,351 15,173 4,344 3,002 11,913 140,933 Surplus (Section 7) 10,906 22,324 4,925 3,152 15,144 14,323 5,247 5,725 56,447 157,065 Surplus (Section 13b) 7,070 2,374 1,007 3,244 1,429 713 533 1,000 4,393 26,785 3,031 Other capital accounts 1,999 2,370 3,390 2,041 2,549 13,450 2,469 4,565 47,92.6 TOTAL LIABILITIES USD +52,869 1,584,362 1,969,108 938,181 651,107 3,343,185 1729,018 452,584 CAPITAL ACCOUNTS 23,9; Connitnents to Hake industrial 1,526 252 706 970 899 1,217 29 advances 773 2,193 13,05£ MATURITY DISTRIBUTION OF BILLS AIID SECURITIES 1 Year 6l to 16 to Within 31 to 91 days to 6 nonths 6 nonths to 1 Year to 2 Years 30 days 60 days 90 days► Total 15 days 681 155 737 217 8,172 9,962 Bills discounted 1 ,>441 1,265 236 620 38I 1,533 9,270 1,969 Industrial advances U. S. Gcvernnent securities, 84,300 43,000 233,>700 direct and guaranteed 2,3.34,100 — _ — — 368,295 329,593 1,032,521 41,225 33,012 45,015 143 164 14-3 640,753 471,321 1,653,949 4,545 3,613 1,138 2,022 4,281 3,974 1,263 11,757 10,785 1,939 2,121 3,051 652,071 433,276 1,=581,663 852 2 Years to 5 Years — 1,775 584,000 105 3,536 Over 5 Years — — 1 ,233,600 FbrroF.R. 283-d FEDERAL RESERVE NOTE STATE ©IT OH AUGUST 13, 1941 (in thousands of dollars) Total Federal Reserve notes* Issued to F.R.Bank by F.P.. agent Held by Federal Reserve Bank In actual circulation Boston Hew York Phila. Oleve. Rich. Atlanta Chicago,St.Louis Minn. Kans.Oy. Dellas San Fran. 7,364,905 599,792 1,914,563 497,496 679,739 353,112 243,064 1,514,973 274,995 179,745 241,732 121,763 633,951 350,574 24,908 103,640 15,901 21,412 22,969 19,595 35,065 17,392 5,293 10,692 12,700 62,702 6,906,411 574,334 1,005,923 431,595 653,327 330,143 223,469 1,479,113 257,103 174,447 231,090 109,063 576,249 Collateral held by agent as se curity for notes issued to bank* Gold certificates on hand and due from U. S.Treasury Eligible paper Total collateral 7,332,000 615,000 1,920,000 510,000 630,000 370,000 255,000 1,540,000 239,000 131,000 245,000 123,000 649,000 9,253 10 0,677 130 — 25 — — 47 229 85 — — 7,391,253 615,010 1,928,677 510,180 680,000 370,025 255,000 1,540,000 289,047 181,229 245,085 128,000 649,000
@FedFRASER