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Form F« R. 283 STAT3.IENT FOR THE PRESS Released for publication Friday morning, August 23; not earlier. Board of Governors of the Federal Reserve System August 22, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 21 member bank reserve balances increased $79,000,000. Additions to member bank reserves arose from a decrease of $51,000,000 in Treasury deposits with Federal Reserve banks and increases of $111,000,000 in gold stock and $3,000,000 in Treasury currency, offset in part by increases of $32,000,000 in money in circulation, $10,000,000 in Treasury cash, and $41,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $3,000,000 in Reserve bonk credit. Excess reserves of member banks on August 21 were estimated to be approximately $6,420,000,000, an increase of $30,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended August 21, 1940, were as follows: Increase or decrease since Aug. 21, 1940 Aug * 14, 1940 Aug. 23, 1939 (In millions of dollars) Bills discounted Bills bought U.S. Gov!t securities,direct and guaranteed Industrial advances (not including 8 million commitments - August 21) Other Reserve bank credit 3 3 + 3 34 3 3 + 51 +4,299 + 127 79 32 10 51 41 +2,590 + 878 43 + 165 + 8S7 - - - 2,446 n y 35 Total Reserve bank credit Gold stock Treasury currency 2,492 20,800 3,030 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits -and other F. R. accounts 13,419 7,976 2,291 889 1,747 + 2 1 23 • — _ + 111 + + + + - + Form FR-283-a Released for publication Friday morning, Aug. 23,1940? not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Aug. 21, 1940 AuS. U , 1940 Aug. 23, 1939 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash 18,486,978 11,826 354,056 + 98,998 125 8,010 +4,319,258 + 2,700 + 9,210 Total reserves 18,852,860 + 90,863 +4,331,168 + + + Bills discounted* Secured by U. S. Gov't obligations, direct and guaranteed Other bills discounted Total bills discounted 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 1,119 3,058 - - + _ _ 8,561 107 4 111 - 16 _ _ 1,319,196 1,126,732 - + — - — - — 2,4-45,928 - - - + - 107 1,867 1,760 575 3,116 408,106 49,377 335,540 + 23,189 + 17,738 102 1,691 57,054 829 8,294 Total bills and securities 2,457,547 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 20,041 661,319 41,395 59,326 - 1,638 -117,305 12 + 572 22,092,535 - 27,393 +4,411,632 5,309,939 + 17,136 + 13,418,718 889,274 867,059 618,466 + + + 79,131 50,730 25,718 15,542 +2,589,748 + 165,520 + 543,299 + 338,280 15,793,517 626,546 + 69,661 -114,417 +3,636,847 + 23,326 2,896 21,732,898 + 5 - 27,615 — 222 +4,397,760 TOTAL ASSETS + 127 - - + + 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 TOTAL L I A B I L I T I E S C A 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 Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances 137,562 151,720 26,839 43,516 22,092,535 9 + — + + — + 2,076 2,568 425 213 - 27,393 89.3% 737,S09 ~ ~ +4,411,632 + 101 8,241 - 129 - 2,834 Fern F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAHXS OK AUGUST 21, 1940 (In thousands of do .liars) A S S E T S 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 18,486,973 1,144,905 Redenption fund - i?'.R.notes 11,026 1,850 Other cash 354,056 31,485 3,975,371 1,477 95,222 967,917 1,235,001 402 1,077 31,706 23,131 475,395 367,735 2,365,037 460,355 235,398 399,515 254,353 1,055,891 633 1,618 1,147 400 650 1,243 329 495 32,080 8,104 19,027 12,937 24,030 20,542 33,047 17,645 Total 9,072,070 1,000,700 1 ,258,534 501,093 339,474 2,903,963 473,400 293,997 419,175 267,995 1,089,219 reserves 13,352,860 1,173,240 Bills discounted! Secured by U.S. Gov't obligations, direct and guaranteed 1,119 Other bills discounted 1,939 15 9 440 397 94 54 113 34 60 65 9 200 56 10 125 65 80 36 226 161 709 70 30 Total 3,053 2.4 837 143 147 125 209 66 125 145 262 370 100 Industrial advances 8,561 U. S. Government securities, direct and guaranteed: Bonds 1,319,196 Notes 1,126,732 1,132 1,808 2,420 373 790 209 272 5 222 216 462 652. 96,236 82,194 404,294 345,311 104,677 89,406 135,236 115,550 66,053 56,416 48,383 41,324 139,937 119,562 61,076 52,166 38,829 33,165 62,345 53,249 51,423 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 2,457,547 179,586 752,250 196,651 251,356 123,334 90,125 259,337 113,372 72,361 116,072 96,675 205,823 3 1,108 61,100 2,857 4,090 18 1,829 160,704 9,785 17,334 5 1,136 49,520 4,508 4,645 4 1,672 75,263 5,449 6,603 2 2,502 56,924 2,500 3,369 2 1,891 23,657 2,008 2,142 1 376 23,310 1,134 2,751 4 2,439 42,655 2,893 5,2 88 bills discounted Due fron foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets T O T A L A S S E T S 47 20,041 661,319 41,395 59,326 22,092,535 1,426,984 10,013,5>0 1,257,165 1,598,881 6 1,951 92,509 3,351 6,008 * 1 1,189 1,755 27,279 18,766 2,398 1,379 1,796 2,602 1 2,193 29,632 3,133 2,698 689,774 509,299 3,267,675 625,807 389,488 572,904 392,242 1,348,326 *Less than $500. Form F. ft. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 21, 1940 (in thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. F* R. notes in actual circulation 5,309,939 Deposits i Member bank-reserve acct. 13,4-18,718 U.S.Treasurer-General acct. 889,274 Foreign bank 867,059 Other deposits 618,466 433,796 1,418,624 367,293 486,964 232,147 172,157 1,148,821 198,586 144,776 192,766 83,162 430,847 766,791 72,450 61,940 7,777 7,158,549 329,859 308,332 529,482 643,932 55,435 84,960 24,095 834,429 307,083 2-3l,04o 1,776,375 313,255 161,045 275,837 212,557 81,498 41,725 35,018 88,633 42,228 ^4,576 38,254 34,865 80,625 37,278 30,343 .104,033 26,008 19,073 25,l4l 26,008 7,165 1,145 4,908 9,622 6,950 4,304 1,156 1,839 737,825 34,733 63,318 20,023 Total 15 ,793,517 908,958 8,326,222 855,899 62.6,546 58,964 144,266 808,422 1 ,003,717 387,231 301,309 1,978,663 388,441 218,998 34) ,388 275,269 48,088 74,092 54,72.8 22,637 94,125 27,475 16,266 28,948 22,235 2,896 418 760 deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L 21 ,732,898 ].,402,136 68 304 279 130 302 128 97 150 34,722 147 113 9,889,872 ].,224,082 1 ,565,077 674,174 496,233 3,221,911 614,599 380,168 562,252 380,779 ].,321,615 A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 137,562 151,720 26,839 43,516 9,333 10,405 2,874 2,236 51,075 53,326 7,109 12,608 11,880 14,198 4,393 2,612 14,059 14,323 1,007 4,415 5,330 5,247 3,246 1,777 13,910 22,824 1,429 7,601 4,669 5,725 713 1,959 2,960 3,152 1,001 2,207 4,154 4,709 538 1,807 4,416 3,613 1,142 1,481 4,139 3,974 1,266 2,084 11,637 10,22.4 2,121 2,729 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 22,092,535 1,426,984 10,013,990 1,257,165 1,598,881 689,774 509,299 3,267,675 625,807 389,488 572,904 392,242 1,348,326 Commitments to nake industrial 3,294 advances 4 260 8,241 742 1,034 1,121 689 510 15 374 54 144 Total Bills discounted Industrial advances tr. S^ Government securities, direct and guaranteed 3,058 8,561 2,445,928 Within 15 days 1,579 1,545 16 to 30 days 198 200 MATURITY DISTRIBUTION 31 to 60 days 61 to 90 days 409 243 639 297 OF BILLS 91 days to 6 months AND SECURITIES 6 months to 1 Year 1 Year to 2 Yspjs 2 Years to 5 Years 231 943 2 1,279 1,497 2,557 104,774 234,247 129,940 733,467 Over 5 Years 1,243,500 Form F. R. 283-d FEDSEAL RESERVE NOTE STATEMENT Oil AUGUST 21, 1940 (In thousands of dollars) Cotal Federal Reserve notes: Issued to F.R.bank by F.R.agent Held by Federal Reserve ban!: In actual circulation Boston Nov/ York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kano.Cy. Dallas San Fran. 5,607,570 447,577 1,503,090 388,714 509,314 249,852 186,274 1,181,287 208,618 150,095 201,667 297,631 13,781 85,266 21,421 22.,350 17,705 14,117 32,466 10,032 5,319 8,901 89,809 490 /47*3 7 6,647 59,62 5,309,939 433j796 1,418,624 367,293 486,964- 232,147 172,157 1,148,821 198,586 V J fTfo 192,766 83,162 430,847 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 5,688,000 460,000 1,515,000 390,000 511,500 260,000 190,000 1,2.00,000 219,000 150,500 205,000 1,625 24 837 148 - 125 - - 100 138 253 93,000 494,000 - - 5,689,625 460,024 1,515,837 390,148 511,500 260,125 190,000 1,200,000 219,100 150,638 205,253 93,000 494,000
@FedFRASER