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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, Aug. 16; not earlier* Board of Governors of the Federal Reserve System August 15, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 14 member bank reserve balances increased $54,000,000. Additions to member bank reserves arose from increases of $121,000,000 in gold stock, $24,000,000 in Reserve bank credit and $2,000,000 in Treasury currency, offset in part by increases of $17,000,000 in Treasury deposits with Federal Reserve banks, $15,000,000 in money in circulation, $5,000,000 in Treasury cash and $57,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on August 14 v/ere estimated to be approximately $6,390,000,000, an increase of $60,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended August 14, 1940, were as follows: Increase or decrease since Aug. 14, 1940 Aw?. 7, 1940 Aug. 16, 1939 (in millions of dollars) Bills discounted Bills bought U.S. Qov!t securities,direct and guaranteed Industrial advances(not including 8 million commitments - August 14) Other Reserve bank credit - 3 — . - 2,446 - 9 38 + 2 1 23 + 3 25 - - 25 Total Reserve bank credit Gold stock Treasury currency 2,495 20,689 3,027 + 24 + 121 o + + 42 +4,354 + 127 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Honmeniber deposits and other F.R. accounts 13,340 7,944 2,281 940 1,706 + + + +2,707 + S53 85 + 164 + 885 + + 54 15 5 17 57 Form FR-283-a Released for publication Friday morning, Aug. 16,1940; not earlier, STATELIEST OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) A m . 1A9 1940 Increase or decrease since Aug. 16, Aug. 7, 1940 1939 A S S E T S Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash 10,387,980 11,951 362.066 +114,005 902 + 3,144 +4,419,759 + 2,895 + 20.557 Total reserves 18,761,997 +116,247 +4,443,211 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed Other bills discounted 1,012 1,935 225 64 Total bills discounted 2,947 Bills bought in open market Industrial advances U.,S. Government securities, direct and guaranteed: Bonds Notes Bills Total U. S, Government securities, direct and guaranteed 57 - — + 1,319,196 1,126,732 - 2,445,928 2,457,420 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 21,679 778,624 41,407 58,754 A S S E T S - — 2,545 Total bills and securities T O T A L 289 — - — — 346 — - 1,115 +164,586 + 1,605 545 3,070 408,106 49,377 335,540 + 23,189 + 17,969 — — 40 1,565 - + — - 1,231 + 131 956 56,810 852 8,304 22,119,928 +280,603 +4,524,355 5,292,003 + 11,877 + + + + + +2,706,138 + 164,265 + 560,676 + 312,339 +3,749,418 + 32,180 L I A B I L I T I E S F. R.notes in actual circulation Deposits: Member bank - reserve account U. S. Treasurer - General account Foreign bank Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends T O T A L L I A B I L I T I E S 13,339,587 940,004 841,341 602,924 15,723,856 740,963 2,891 53,726 16,610 25,000 32,911 +128,247 +139,915 + 4-31 - 728,981 57 21,760,513 +280,470 +4,510,522 + + + TOTAL LIAB1LITiES AND CAPITAL ACCOUNTS 137,553 151,720 26,839 43,303 22,119,928 Ratio of total reserves to deposit and F t R, note liabilities combined 89.3 % C A P I T A L A C C O U N T S Ca^ic-:.! in Snr>:J:is ,>: -r-.^ion 7) Sv:;uf- ; £ - on 13b) C a .r c-api c-al accounts + 10 - _ - _ - 123 + +280,603 +4,524,355 2.756 Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances 2,076 2,568 42 5 9,614- 101 8,370 61 - 2,891 Form F. R. 2 8 > b STATEMENT OF OOHDITIOE OF THE FEDERAL RESERVE BALTES OK AUGUST 14, 1940 (in thousands of dollars) A S S E T S Total Boston New York Gold certificates on hand and due from U.S. Treasury 18,387,980 1,135,625 Redemption fund - F.R.noten 1,900 11,951 Other cash 362,066 31,167 8,926,155 1,679 101.964 Total reserves Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. 977,932 1,234,774 468,350 365,796 2,853,093 447,912 ;281,353 398,845 256,196 1,041,949 1,268 478 1,112 1,160 942 417 1,184 659 503 649 43,776 16,589 8,356 16,717 14,867 24,680 21,740 17,996 32,211 32,003 18,761,997 1,168,692. 9,029,798 1,011,095 1,259,932 491,202 384,976 2,897,811 464,918 ;290,212 416,211 271,722 1,075,428 Bills discounted: Secured by U. 8. GovTt obligations, direct and guaranteed 1,012 Other bills discounted 1,935 15 12 380 331 94 58 138 39 50 90 10 213 41 10 110 65 73 28 274 151 682 40 38 711 1,808 152 177 140 223 2,422 374 790 209 51 272 110 5 143 220 302 193 833 464 78 Industrial advances 8,545 u» S. Government securities direct and guaranteed: Bonds 1,319,196 Notes 1,126,732 27 1,136 652 96,236 82,194 404,294 345,311 104,677 89,406 135,286 115,550 66,053 56,416 48,383 41,324 139,987 61,076 119,562 52,166 38,829 62,345 33,165 53,249 51,4-23 43,920 110,607 94,469 Total U.S.Gov't securities, direct and guaranteed 2,445,928 178,430 749,605 194,083 250,836 122,469 89,707 259,549 113,242 71,994 115,594 95,343 205,076 Total bills and securities 2,457,420 179,593 752,124 196,657 251,387 123,399 90,139 2,59,872 113,357 72,357 116,089 96,640 205,806 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 21,679 778,624 41,407 58,754 3 781 73,386 2,857 4,030 18 1,934 195,635 9,785 17,196 5 1,304 66,673 4,508 4,573 1 1 4 55 1,912 32,091 25,625 3,133 1,133 2,690 2,708 4 3,272 41,838 2,893 5,250 Total bills discounted T O T A L A S S E T S 2,947 4 1,431 97,490 5,462 6,548 2 2 1,961 2,808 62,123 26,126 2,009 2,500 2,086 3,371 6 3,041 106,943 3,351 5,979 1 * 1,087 1,693 31,820 18,874 1,379 2,397 1,768 2,555 22,119,928 1,429,342 10,006,490 1,284,815 1,622,254 685,405 507,299 3,277,003 616,741 385,677 572,127 398,284 1,334,491 *Less than 6500. Form F. R. 2S3~b STATEMENT OF CONDITION OF TKS FEDERAL RESERVE BANKS 013 AUGUST 14, 1940 (In thousands of dollars) L I A B I L I T I E S Total Boston 15gw York Phila. Cleve. Rich. Atlanta Chicago St.Louis I.linn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 5,292,803 431,255 Deposits! I.I ember bank-reserve acct. 13,339,587 758,703 U.S.Treasurer-General acct. 940,004 74,755 Foreign bank 841,341 60,268 Other deposits 602,924 6,946 1,414,373 367,365 434,972 231,324 171,659 1,145,469 198,672 143,164 193,171 82,357 429,022 7,128,806 362,454 299,428 500*317 646,700 51,797 82,365 835,731 301,163 230,706 1,759,176 300,927 162,325 276,351 214,821 88,860 40,718 32,841 108,735 41,502 31,186 35,493 37,522. 78,162 36,140 29,416 100,855 25,214 18,490 24,373 25,214 6,717 1,226 5,076 10,31S 7,450 A,256 1,329 5,558 724,178 34,141 61,416 20,351 Total deposits 900,672 8,291,005 840,086 740,963 72,188 176,405 817,542 1,009,470 379,2/47 298,039 .,979,084 375,093 216,257 337,546 279,815 66,604 93,691 59,178 24,411 106,305 31,670 16,801 30,600 24,538 2,891 408 674 121 109 15,723,856 Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 21,760,513 1,404,523 C A P I T A L A C C O U N T S Capital paid in 137,553 Surplus (Section 7) 151,720 Surplus (Section 13b) 26,839 Other capital accounts 43,303 TOTAL LIABILITIES AND CAPITAL ACC0U1JTS 9,333 10,405 2,874 2,207 36,680 235 345 36 133 108 372. 137 I63 33,572 9,882,457 1,251,746 1,588,478 669,835 494,242 3,231,230 605,543 376,359 561,480 386,831 1,307,789 51,075 53,326 7,109 12,523 11,881 14,198 4,393 2,597 14,057 14,323 1,007 4,389 5,325 5,247 3,246 1,752 4,667 5,725 713 1,952 13,906 22,824 1,429 7,6l4 4,153 4,709 538 1,798 2,960 3,152 1,001 2,205 4,416 3,613 1,142 1,476 4,137 3,974 1,266 2,076 11,643 10,224 2,121 2,714 22,119,928 1,429,342 10,006,490 1,2,84,815 1,622,254 685,405 507,299 3,277,003 6l6,74l 385,677 572,127 398,284 1,334,491 Commitments to make industrial advances 8,370 263 749 1,034 1,126 690 510 16 375 54 152 4 3,397 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Industrial advances U. S. Government securities, direct and guaranteed Total Within 15 days 2,947 8,545 1,405 1,503 2,445,928 16 to 30 days 161 136 31 to 60 days 415 309 61 to 90 days 575 150 91 days to 6 months 387 1,081 6 months to 1 Year 4 1,307 105,974 234,247 1 Year to 2 Years 2 Years to 5 Years 1,496 2,563 129,940 732,267 Over 5 Years 1,243,500 Form F. R. 283-d FEDERAL RESERVE NOTE STATS.IE1IT Oil AUGUST 14, 1940 (In thousands of dollars) Total Boston Ifcvr 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 Held by Federal Reserve bank 5,588,093 295,290 449,911 1,496,848 384,490 505,133 249,525 184,818 1,180,807 209,831 149,252 202,923 89,649 484,906 18,656 82,475 17,125 20,161 18,201 13,159 35,338 11,159 6,088 9,752 7,292 55,884 In actual circulation 5,292,803 431,255 1,414,373 367,365 484,972 231,324 171,659 1,145,469 198,672 143,164 193,171 82,357 429,022 Collateral held by agent as security for notes issued to bank! Gold certificates on hand and due fron U. S. Treasury Eligible paper Total collateral 5,685,000 1,543 460,000 1,515,000 390,000 508,500 260,000 190,000 1,200,000 219,000 150,500 205,000 93,000 494,000 27 711 152 140 - 85 136 292 - - 5,686,543 460,027 1,515,711 390,152 508,500 260,140 190,000 1,200,000 219,085 150,636 205,292 93,000 494,000
@FedFRASER