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Form F. R . 283 STATEMENT FOR THE PRESS Released for publication Friday m o r n i n g , August 21.; not earlier. Board of Governors of the Federal Reserve System August 2 0 , lji+2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 19 member bank reserve balances decreased $56,000,000» Reductions in member bank reserves arose from increases of $86,000,000 in money in circulation, $66,000,000 in Treasury deposits with Federal Reserve B a n k s , and $11,000,000 in nonmomber deposits and other Federal Reserve accounts, offset in part by increases of §103,000,000 in Reserve Bank credit and $2,000,000 in gold stock. Excess reserves of member banks on Auk ust 19 were estimated to be approximately $2,100,000,000, a decrease of $280,000,000 for the week* The principal change in holdings of bills and securities was an increase of $6l ,000,000 in United States Government securities• Bills increased $il3,000,000 and certificates $18,000,000• Changes in member bank reserve balances and related items during the week and the year ended August 1 9 , 1 9 ^ 2 , .were as follows: Increase or decrease since AU£. 19, 19i'r2 A u g . 12 19U2 A u g . 20 19U1 (In millions of dollars) Bills discounted U . 3 . Government ci.irect obligations U . S . Government guaranteed obligations Industrial advances (not including 19 million c o m m i t m e n t s — A u r u s t 19) Other Reserve Bank credit 4 3 ,bb3 5 lb + 1 49 + 3,615 Total Reserve bank credit Gold stock Tre-jumrj currency 22,7bh tfomber b&iiK reserve balances Money in circulation Treasury cash Treasury deposits w i t h F . R , Banks Nonmombor deposits and other F . R . accounts 12,653 12,956 2,206 2l;0 1,633 - 1 + 61 3,533 I b2 4 +1,264 • + h 19 +103 + 2 + 1 +1,343 + 34 + 155 - 56 + 86 - 384 +3,116 171 - 545 - 482 —' + 66 + 11 Form F.R. 283-c L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 1 9 , 1942 (In thousands of dollars) Total F.R.notes in actual circulation 9,923,080 Deposits: Member bank-reserve a c c t . 12 ,652,82+3 U.S.Treasurer-general acct.. 239»778 Foreign 914,334 Other 429,224 Total deposits 14,236,179 Deferred availability items 1,023 ,473 Other liabilities including accrued dividends 3,550 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES A N D CAPITAL ACCOUNTS Commitments to make industrial advances F.R. notes outstanding Collateral for F.R.notes held by F.R.Agents: Gold certificates Eligible paper New York Phila. Cleve. 756,918 2,1+18,751 707,166 947,916 570,453 391,175 2,035,595 592,991 242,629 335,915 177,796 621,783 5,256,161 8,719 64,683 23,774 475,698 5,391 280,271 639,546 19,497 69,228 9,571 939,802 14,171 66,343 60,571 471,342 336,416 1 , 8 7 4 , 2 0 0 3 7 1 , 7 8 0 208,392 4i7,o4.8 356,700 1,109,668 14,354 10,505 6,823 13,198 37,784 10,457 . 1 2 , 9 6 1 26,126 'J: 1 5 , 8 6 5 2 0 , 9 1 3 20 ,913 31,729 25,239 37,977 2 55,021 7,949 6,698 2,535 7,929 2,110 2,763 12,542 50,596 660,172 6,076,813 737,842 1,080,887 75,592 121,684 525,354 424,270 2,002,724 416,id3 245,167 457,857 386,969 1 , 2 2 1 , 2 1 1 74,396 88,021 38,373 157,815 52,993 21,193 48,841 39,254 96,303 , 210,503 530 766 Rich. Atlanta Chicago St.Louis M i n n . Kans.Cy. 226 Dallas San F r a n . 965,779 202 176 2 5 , 1 8 6 , 2 8 7 1,494,423 8,706,838 1 , 5 1 8 , 8 2 7 2 , 1 5 0 , 8 1 3 1 , 1 8 4 , 6 4 8 854,010 4 , 1 9 6 , 4 8 3 862,504 5 0 9 , 1 1 9 842,839 604,221 2,261,562 145,146 157,502 26,781 50,523 9,439 10,949 2,874 2,671 53,472 56,651 7,070. 14,220 326 227 11,776 15,171 4,393 3,357 14,825 14,346 1,007 4,966 320 5,333 5,256 5,244 2,125 194 5,133 5,725 713 2,486 351 107 15,996 22,92s 1,429 3,727 4,507 4,966 530 2,053 125 3,065 5,152 1,000 2,643 4,692 3,613 1,137 2,i47 4,446 3,976 1,263 2,009 11,962 10,792 2,121 3,109 25,566,239 1,520,356 8,333,251 1,553.524 2,135,957 1 , 2 0 1 , 0 8 6 368,067 4,245,5&> 874,565 518,934 854,423 615,915 2,289,546 18,726 10,374,689 10,497,500 2,565 Total Bills discounted 4,341 Industrial advances 13,547 U.S,Government securities, direct and guaranteed 3,443,099 Boston 435 1,752 603 772,561.2,527,640 734,033 979,773 753 1,249 646 1,842 2,352 i,o47 6,089 604,988 421,581 2,081,943 421,759 246,993 349,050 192,598 l,o4l,7°o 785,000 2,540,000 740,000 985,000 625,000 425,000 2,100,000 450,000. 250,000 350,000 193,500 1,069,000 1,615 205 600 145 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Over 2 to 5 1 to 2 6 months Within 61 to 16 to 31 to 91 days to years 5 years years to 1 year 90 days 60 days ,15 days 30 days 6 months R — 125 1,052 109 27 1,520' 830 •656 1,126 170 7.949 371 .745" 3,028 83 M o •* 177,017 254,950 483,046 171,655 m 134,700 268,175 385,350 1,489,786 Form F. R . 28J-a Released for publication Friday m o r n i n g , July 22j.fl9l|2; oaot earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Aug. 19, 19^2 Increase or decrease since Aug. 12, Aug..20, 19U2 19kl A S S E T S Gold certificates on hand and due from U . S . Treasury Redemption fund-^F, R . notes Other cash 20,547,619 " 13,992 248,914 Total reserves 20,810,525 - Bills discounted: Secured by U , §.,Gov't obligations, direct and guaranteed Other bills discounted 2,745 1,596 Total bills discounted - 248,087 2,237 25,725 772 .+ 220,125 - 925 + 558 4,506 4,341 - 925 - 13,547 + 619 Industrial advances U . S . Government securities, direct and guaranteed: Bonds Notes Certificates Bills ' 1,646,886 728,105 340,973 732,135 Total U , S . Government securities, direct and guaranteed + 978 -+1,050 -2,800 + 3,948 + • 3,961 +1-6,115 +43,095 + -+ + 283,086 92,195 340,973 732,135 3,448,099 +61,210 +1,263,999 Total bills and securities 3,465,987 +60,904 +1,264,012 Due from foreign banks F . R , notes of other banks Uncollected items Bank premises Other assets 28,162 1,172,399 + 1,453 +48,963 + TOTAL ASSETS 47 652 5,143 183,606 266 64l 25,566,239 +111,200 +1,661,693 9,923,030 +82,328 +2,970,475 12,652,843 239,778 914,334 429,224 -55,802 +65,801 +25,716 -13,617 - 14,236,179 1,023,478 + .22,098 3,550 281 25,186,287 +111,023 4o,4oi '43,718 + L I A B I L I T I E S F . R . notes in actual circulation Deposits: . , Member b a n k — r e s e r v e account U . S , Treasurer--general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) „ /ther capital accounts. TOTAL LIABILITIES'AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F . R . note liabilities combined Commitments to make.-industrial advances 145,146 157,502 26,781 50,523 + 6,878 . - -1,421,337 + 104,633 + 10 + + + 167 + +111,200 86.1% 10,726 M +' 1 , 6 1 7 619 +1,654.390 + 25,566,23 9 384,627 545,566 288,538 202,606 4,278 437 4 2,592 +1,661,693 5.0% +' 5,646 Form ?. A. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE B A M S ON AUGUST 1 2 ,•1942 (In thousands of dollars) AS'SETS Total Boston N e w York Phila. Cleve « Gold certificates on hand and . due from U.b.Treasury •" *20,5u7*6l? 1 , 1 1 9 , U 7 7,536,697 1,188,080 1,700,32^ Redemption fund--F.R.notes 13*992 2.365 554 1,817 529 Other cash 60,320 13,630 19',031+ 2i+8,9li+ 16,563 Total reserves 20,810,525 1,114.0,316 7,593,834 1,202,264 1,717.1+16 Bills discounted: Secured bj U.S.Gov't obli gabions, direct and guaranteed .600 100 1,615 205 2,7h5 Other biixs discounted — 638 1,596 158 144 Total bills•discounted 600 258 349 2,253 Industrial advances 5,281 472 623 13^7 1.159 U . S # Government securities, direct and guaranteed: Bonds 1,6^6,886 153,674 117.183 122,393 456.713 Notes 202 ,804 728,105 51,807 54,111 67.941 Certificates 24,262 94,972 25,340 31,817 3^0,973 Bills 52,094 540+11 63,317 203,924 732,135 Total U.S.Gov*t securities 9 direct and guaranteed 3,448,0 99 245,346 960,413 256,255 ' 321,749 Total.bills ana securities 3 J+65,987 247,105 963,289 261,885 322,479 Due from foreign banks F . R . notes of other banks Uncollected items Bank premises Other assets 1+7 28,162 1,172,399 1+0,^01 1+8,71 a 3 1,098 125.334 2,745 3,255 18 . 3,056 249,334 10,379 12,841 5 1,576 79,329 4,827 3.638 4 i,796 134,731 4,373 5,158 TOTAL ASStiTS Rich* Atlanta Chicago St.Louis M i n n . Kans.Qy. Dallas SanL Fran. 872,002 647,728 3,586,010 627,827 383,874 625,567 4 2 1 , 4 2 3 1 , 6 3 3 , 6 7 0 700 92 442 607 3,197 653 1,543 1,493 26,609 40,356 13.740 6,639 10,293 10,261 14,343 1 7 , 0 7 1 887,888 665,241 3.627,859 642,174 395,655 636,565 432,337 1 , 8 6 3 , 4 7 6 — — — 66 53 183 66 53 840 1,193 183 216 99.632 lih ,047 20,628 41+,292 71,211 31A81 14.744 31,658 210,538 93.083 43,590 93,596 208',599 14?,094 33 43 80 119 33 43 199 114 14 497 1,069 140 2,643 81,926 36,222 16,962 36,421 44,260 19,566 9,164 19,676 72,788 52,181 15,070 32,358 63,721 23,172 13.193 28,323 150,847 66,690 31,231 67,060 145 45 190 — - 92,666 152,397 133,414 ' 315,828 441,206 171,735 93,196 153,509 133,753 317,985 1 1,140 45., 712 1,090 1,882 4 3.851 96,530 2,723 4,927 25,566,239 1,520,356 8 , 3 3 8 , 2 5 1 1,553.524 2 , 1 8 5 , 9 5 7 *Less than $500. - • 209,505 150,340 2 2,508 95,040 3,074 3,069 2 3,299 45,175 . 1,954 2,056 114 1j4o,307 171,531 T • — 6 1 2,132 3.433 164,021 54,133 2,128 '2,956 2,262 6,079- * 936 26,506 l,32i 1,370 l 3,337 56,oo4 2,831 2,181 1,201,086 868,067 4,245,560 874.565 518,981+ 85!*0+28- 6 1 5 , 9 1 5 2,239,546
@FedFRASER