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Form F. R. 283 STATEMENT FOR THE PRESS Board o f Governors o f the Federal Reserve System August 2\\, I 9I4I4 Released fo r publication Friday morning, August 25; not e a rlie r. CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 23 member bank reserve balances decreased $13,000,000. Reductions in member bank reserves arose from increases o f $232,000,000 in Treasury deposits with Federal Reserve Banks,' $59,000,000 in Treasury cash and $27,000,000 in money in circu la tio n , and a decrease o f $51,000,000 in gold stock, o ffs e t in part by increases o f $317,000,000 in Reserve Bank cred it and $3,000,000 in Treasury currency and a decrease o f $36,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves o f member banks on August 23 were- estimated to be approximately $900,000,000. There was an increase o f $361,000,000 in holdings o f United States Govern ment se cu ritie s : b i l l s increased $398,OCX),000, while bonds decreased $22,000,000 and notes $ 1 5 , 000 , 000 , Changes in member bank reserve balances and related items during the week and the year ended August 2 3 , I9I+I4» were as follow s: Increase or decrease since Aug. 2 3 , I9bh Aug. 16, I9hh Aug. 2 5 , 19^5 (In m illions o f d olla rs) U, S, Govt, secu rities ( i n c l , guar, s e c .) Loans, discounts and advances Other Reserve Bank cred it 15, 592 117 290 + 361 + 5ll 97 +6,815 + 65 18 Total Reserve Bank credit Gold stock Treasury currency 15,999 20,91+7 •i+,112 + - - 1 , 3 1 + 5 Member bank reserve balances Money in c ircu la tio n Treasury cash Treasury deposits with F, R, Banks Nonmember dep osits and other’ F. R. accounts 12 ,9 2 2 2 3 , oIt-7 2,14Oli 5I+9 2,136 + + + - 317 51 3 13 27 59 232 36 + 6 , 8 6 2 + lit + 22o +14,71+1+ + 122 + 2I45 + 200 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS. ON AUGUST-23, I9I4 I4 (I n thousands o f d o lla r s ) Boston New York P h il« , C leve. R ich. A tlanta Chicagb St.L òuis Minn. Kan s . Cjr. Form P. R. 283c Total L I A B I L I T I E S Dallas San Fran. Federal Reserve notes 19,521,287 1265,787 1*351,079.l 295, 3l*0 1728,778 12714,655 1118,256 36ll+,6lo 816,655 ¿+30,880 718,932 ¿+79*596 21+26,719 Deposits: Member bank-reserve a cct. 12,921,515 625,056 1+205,613 61+1,273 1012,871+ 525,1+77 533,091 191*5,526 . ¿+59,881 282,123 6ll+,058 555*181 1521,362 U.S.Treasurer-general acct * 51+8,723 *29, 11*8 161,636 61,002 1*1,767 27,195 2^,808 3 5,01*2 50,730 20, 671+ 3U,206 19*981 ¿*2,531* Foreign 96,957 2/531,770 126,088 121,977 5I+,821 1*3,856 169*91+5 1*2,1*86 30,152 39,71*5 39 *71+5 107,002 i,l+ol*,5l*l+ Other 2,750 1+,201 9,836 1,817 2,967 ¿+,760 279,812 6,885 6,739 1*617 3,091 37,318 361,793 Total deposits ,236,575 755,921 5178,831 809,288 1192,320 602,589 613,903 2180,671* 553,970 31*1,287 681,578 617,998 1708,216 Deferred a v a ila b ilit y items ,310,168 95,101 .261,111* 56,051 26,717 80,328 . 1*9,303 135, 91+7 86,958 11+5*351 101,196 7I+, 781* 197,318 Other l i a b i l i t i e s including accrued dividends 279 8,522 1,229 801* 672 708 270 2,328 81*8 310 235 235 551+ TOTAL LIABILITIES 076,552 2117,613 9793*352 2192, 1Ù0 3067,157 1978,750 1807,791 5993,831 11+26,91*6 799*119 11*81,117 111*7,182 1*2 71, 551+ Capital paid in 5,012 12,112 18,808 5,160 16,21*0 ¿*,891* 3,1+62 13, 1+31* 159,1*37 58,157 6,396 5*751 9*951 Surpjus (S ection 7} 70,012 3,669 13*206 16,026 5,236 6,330 26,1*90 1+.831 188,097 n+,159 5,725 1*,55U 17,859 Surplus (S ection 13b) 2,129 7,092 1,000 530 3*290 ¿+,¿+21 1,307 1,007 1,137 26,965 2,871* 1,1*29 71*9 Other ca p ita l accounts 5*230 20,331+ 5,898 3,858 1**956 12,617 10,363 6,031 5,331* 3,753 87,137 ¿+*319 l*,39l* TOTAL LABILITIES AND CAPITAL ACCOUNTS 538,188 211*8,600 991*8,91*7 2232, 1*30 3110,793 1999*703 1825,350 6053,235 11*1*2,1*53 811,569 11*96,362 1162,190 1+306,556 Commitments to make in du strial loans • ** -726 — 1*8 8 3,878 50 1*937 831* 275 F. R. notes outstanding C olla tera l for F.R*notes held by F. R. Agents: Gold c e r t ific a te s E lig ib le paper U.S.Govt. s e cu ritie s 107,578 1305,161* 1+1*95,836 1327,976 1762,1+78 1302,1*58 1171,287 3668,760 819,000 716,000 2520,000 91**001* 53*770 1**505 51*8,512 . 600,000 2000,000 632,000 5,260 700,000 965,000 — 300,000 775,000 2,819 550,000 680,000 2510,000 — — 500,000 1190,000 81*9,71*1* 1*37,1*21 739,733 511*277 2535,31*1* 375,000 216,000 — 21,1*20 573,512 225,000 1*00,000 6,230 350,000 256,000 1771+.000 — — 260,000 800,000 1 to 2 years 2 to 5 years MATURITY DISTRIBUTION OF LOftUS .AND SEC URITIES Total Discounts and advances Industrial loans U. S. Govt, secu rities (in c l* guar* s e c .) 106,529 10,353 1 5 , 592, 306” Within 15 days 83,,61*9 9,, 586 2 ,8 8 5 ,9 5 6 16 to JO'days 35,880 8 1 , 678,253 31 to 60 days 61 to 90 ,days 5,950 22 135,050 9 3,581,197 2 , 883,213 9 I days to < 6 months 6 months to 1 year — 558 61*6,930 — 69 2 , 097,961 — 70 17,800 1 / A fte r deducting'*’® ^ ' ^ ' ^ ^ a r t i c i p a t i o n s o f other Federal Reserve Banks. 31 915,002 Over 5 years — -- 885,991+ Form F . R . 283a R e le a s e d : f o r p u b l i c a t i o n F r i d a y m o r n in g , A u g u st 25, 191*1* , n o t e a r l i e r STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE'BANKS COMBINED (In thousands o f d olla rs) Increase or decrease since Aug. 23, .19U* Aug. 25, 191*3 Aug. 16, 19UU - A S S’ E T- SGold c e r tific a te s on hand and due from U.S. Treasury Redemption fund - F. R. notes Other cash Total reserves Discounts and advances Industrial loans U. S. Govt, secu ritiest B ills C ertifica tes Notes Bonds Total U. S.Govt, secu rities ( i n c l . guar, s e c.) Tot^l loans and secu rities Due from foreign banks F.R, notes o f other banks Uncollected items , Bank premises Other assets ’ TOTAL ASSETS 18,336,365 iiUi, 323 ■ 271, 772. - 79,000 + 27,287 + 1,763 "1, *^09,851 + 357,909 58,779 19, 052,1460 - 1*9,950 -1,1*00,721 106,529 .10,355 + 53,190 + 23 + 9,81*3,919 3,331.990 1,093,771 1 , 272,626 +398,061 -- 15,1*00 - 21,800 +1*,378,556 +2, 275,290 + 370,371 - 208,722 15,592,306 +360,861 +6,815,1*95 15,709,188 . 136 76,733 1,599 , 571 3^,607 65, J493 +1*11;, 071* — - 3,128 - 252, 29!; ■10 . + !;3 +6,880,222 + 9 + lb, 655 + 177,105 3,995 + 1,1*22 36,538,188 +108,735 +5, 668,697 19,521,287 + 81,022 +1*, 810,991* .12.,-921, 515 524-8,723 i,l*ol*,5l*l* 361,793 15,236,575 1, 310,168 - 13,227 ■+231,71*0 • - 35,771* - 1,835 . +180., 90l*. -155,037 + 219, 1*00 +r 21*5,071* :+: 17A,9ul 13,616 66,165 1,1*38 L I A B I L I T I E S Federal Reserve notes Deposits s Member bank-reserve account. U.S.Treasurer-general account Foreign Other Total deposits Deferred a v a ila b ilit y items Other li a b i lit ie s including accrued dividends TOTAL LIABILITIES' C- A P I T A L A CO 0 U N T S Capital paid in Surplus (Section- 7) Surplus (Section 13b) Other cap ita l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 8,522 36,076,552 159,1*37 188,097 26,965 87,137 36538,188 R a tio o f t o t a l r e s e r v e s t o d e p o s i t . and F. R, n o te l i a b i l i t i e s combined Commitments to make industrial loans 3,878 + 811; ■+107,703 + 625,799 +: 195, 1*09 + 2,637 +5,631*, 839 + 10 + 1,022 10,1*12 27,686 136 b, 376 +108,735 +5, 668,697 - '- •(S/o 82 + + + 15. 0^ 8,051; Form F. R. 28Jb ' STATEMENT OF CONDITION OF THE FEDERAL .RESERVE BANKS OH AUGUST 23, (In thousands o f d o lla r s ) 19!*!* ASSETS T otal Gold c e r t i f i c a t e s on hand and due from U .S .T r e a s u r y 18,336,365 Redemption fu n d -P .R * n o te s 1*1*1*, 323 Other cash 271,772 T o ta l r e s e r v e s D is c o u n ts and advances I n d u s t r i a l lo a n s U. S # Govt, s e c u r i t i e s : B ills C e rtific a te s Notes Bonds Boston Hew York 977,61*7 1*590,831 29, 1*91 103,699 67,1*89 18,639 19, 052, 1*60 1025,777 1*762,019 P h ila .. C love. R ic h . 983>587 1572,381 1083,133 5,260 1*,119 1*,300 350 2,819 I 7I* 566,381 3559,551* 256,133 711,033 82,836 229,951* 96,381 267,557 61*8,738 278,090 89*935 lo i*, 61*2 701,175 378,080 122,275 11*2,269 1*01,1*77 222,958 72,103 83,899 T o ta l U .S .G o v t. s e c u r i t i e s ( i n c l . guar* s e c . ) 15,592,306 1001,731 1*768,098 1121,1*05 131*3,799 T o t a l lo a n s and s e c u ritie s Due from f o r e i g n banks P .R .n o te s o f o th e r banks U n c o ll e c t e d item s Bank prem ises Other a s s e t s TOTAL ASSETS 9,81*3,919 3,381,990 1,093,771 1, 272,626 1*,505 1,523 C h icago S t .L o u is Minn«- K a n s.C y. 927, 01*8 1508, 811* .101*5, 11*2 91*8,312 31*78,01*6 630,813 355,1*51*' ■719,719 35,320 1*0,278 25,180 60,076 28, 1*69 11, 1*1*5 : 17,333 29,71*2 21,219 •23,2.99 13,21*9 12,832 36, 691* 6, 220. ; 13,71*1* 21,175 53,770 89 106,529 10,353 A tla n ta 15, 709,188 1007,759 1*821,957 1130,781* 131*3,1*1*9 12 12 10 136 1/1*9 2,951 12", 170 2,708 1,581* 76,733 1,599.571 '’ 107,182 331,171 106/856 175,319 3,516 31*, 607 1,633 8,983 1*, 139 7,51*2 12,598 li»967 65,1*93 ¿*,655 D a l l a s San Fran. 51*1*,003 2610,536 1*9,961 13*329 29,017 . 8,205 99Ì*.667-3571**816 672, 111* 373,119 ; 750,796 .565, 537 2689, 511* 1*,700 21 6, 1*30 25 37 5,692 1557,1*32 207,31*1* 376,555 67,058 121,782 78,023 11*1,696 392,321 226,395 163,291 100, 1*27 52,809 32, 1*31 61,1*1*5 37,792 328,598 176,1*93 57,080 66,1*13 730,1*1*2 723,117 2197,515 669,866 397,095 628, 581*: 530,562 11*25,092 783,1*35 6 6,102 H i*,513 2,887 1**627 730,899 2202,215 691,286 2,750 32 — 21, 1*20 — 1* 1* ■17 8,232 6,732 5,71*3 87,1*36- 256,993 67,961* 2,906 " 2 ; 039 1,628 8,006 3,981* 3,30-3 ■75 500 1**020 271,185 152,601 1*9,3.5357,1*23 811*,921 358,985 116, lo o 135,086 -- - 397,116 635,039 530,637 11+29,612 11 1* 1* 3 6,223 3,020 2,910 18,308 159,622 31*,988 98,303 59,221* •1,-261* 9l*o 1*979 ■2,693 2,933 3,301* 7,510 2,059 36,538,188-211*8,600 991*8,91*7 2232,1*30 3110,793 1999,703 1825,350 6053,235 11*1*2,1*53 811*569 11*96,362 1162,190 1*306,556 1/ A f t e r d e d u c tin g $87,000 p a r t i c i p a t i o n s o f . o t h e r F e d e ra l R e s e r v e .B a n k s .