The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form F . R . 283
STATEMENT FOR THE PRESS
Released for publication
Friday m o r n i n g , August 23;
not earlier•
Board of Governors
of the Federal Reserve System
August 2 7 , 191+2
CONDITION OF THE FEDERAL RESERVE BANKS
During the iveek ended August 2o member bank reserve balances decreased
$127*000,000* Reductions in member bank reserves arose from increases of
$1011000,000 in money in circulation anu $13,000,000 in Treasury cash and a
decrease of $90,000,000 in Reserve Bank c r e d i t , offset in part by increases of
$3,000,000 in gold stock and $1$.,000,000 in Treasury c u r r e n c y , and decreases of
$614.,000,000 in Treasury deposits w i t h Federal Reserve Banks and $7,000,000 in
nonmember deposits and other Federal Reserve a c c o u n t s . Excess reserves of
member banks on August 26 were estimated to be approximately $2,3ii-0,000,000,
an increase-of $21+0*000,000 for .the w e e k .
The principal change in holdings of bills and securities was a decrease
of $59*000,000 in United States Government securities. Bonds increased
$3,000,000 and bills decreased $63,000,000.
Changes in, member bank reserve balances and related itemc during the xveek
and the year ended August 2 6 , 1 9 4 2 , wore as follows:
Increase or decrease
since
Aug. 26,
I9h2
Aue;. 19*
Aug. 27,
19U2
I9kl
(in millions of dollars)
Bills discounted
U . S . Government direct obligations
U . £>. Government guaranteed obligations
Industrial advances (not'including 1? million
c o m m i t m e n t s — A u g u s t 26)
Other Reserve.Bank credit
5
3,334
5
+ 1
- 59
5
+1,205
—
14
117
- 32
+
*
Total Reserve Bank credit
Gold stock
Treasury currency
3,525
22,747
3,337
- 90
+ 3
+ 4
+1,244
+
31
+ 159
Member bank reserve balances
Money in circulation
Treasury cash
Treasury deposits 'with P . R . Banks
Nonmember deposits and other F , R , accounts
12,526
13,057
2,?19
176
1,031
-127
+101
+ 13
- 64
- 7
- 472
+3,1^8
- ' 159
- 596
- 497
—
4
4o
Form F . R , 283-a
Released for publication Friday m o r n i n g , August 2 8 , 19/4.2 5 not earlier*
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of dollars)
Aug. 26,
1942
Increase or decrease
since
Aug. 19,
A u g . 27
1942
1941
A S S E T S
Gold certificates on hand and
due from U . S , Treasury
Redemption f u n d — F . R . notes
Other cash
Total reserves
20,551,126
13»036
245,038
20,809,200
+3,507
- 956
-3,876
-1,325
+251,594
- .2,375
- 29,667
+219,552
Bills discounted;
Secured by U . S , Gov't, o b l i g a t i o n s ,
direct and guarantoed
Other bills discounted
4,325
1,092
+1,580
- 504
+
-
1,918
6,881
Total bills discounted
5,417
+1,076 '
-
4,963
+
+
4,618
Industrial advances
U . S , Government securities,
direct and guaranteed:
Bonds
Notes
Certificates
Bills
Total U , S . Government securities,
direct and guaranteed
14,181
634
1,650,283
726,105
340,973
669,410
+3,397
-62,725
+286,483
- 92,195
+340,973
+669,410
3,338,771
-59,328
+1,204,671
Total bills and securities
3,408,369
-57,618
+1,204,326
Due from foreign banks
F . R . notes of other banks
Uncollected items
Btjak premises
Other assets
47
30,069
1,047,362
40,388
50,210
+ 1,907
-125,037
13
+ 1,492
- 4,166
+ 92,934
253
10
25,3^5,645
-180,594
+1,512,383
10,030,941
+107,361 • +3,024,015
12,526,418
175,955
-126,425
- 63,823
- 6,694
+
815
-471,237
-596,119
-245,059
-259,884
-196,127
-1,572,299
- 93,156
+
52,403
585. +
820
TOT.d. ASSETS
—
—
—
—
L I A B I L I T I E S
F . R . notes in actual circulation
Dopos its:
Member bank--reserve account
U . S . T r e a s u r e r — g e n e r a l 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)
Other capital accounts
TOTAL LIABILITIES A N D CAPITAL ACCOUNTS
Ratio of total reserves to deposit
und F . R , note liabilities combined
Commitments to make industrial advances
907,64o
430,039
14,040,052
930,322
4,135
25,005,450
145,162
157,502
26,781
50,750
25,385,645
86.4?;
16,720
+
-180,837
+
16
—
—
+
227
-180,594
+
,3%
-
2,006
+1,504,939
+
+
4,220
437
4
+ 2,791
+1,512,333
+3,790
F o r m ?. A. 2 8 3 - b
STATEMENT O F CONDITION OF THE FEDERAL RESERVE B A M S ON A U G U S T 12, • 1942
(In thousands of dollars)
A S S E T S
Total
Boston
New York
Phila.
Clove.
Rich.
Atlanta
Chicago S t . Louis M i n n .
K a n s . Cy . Dallas San Pran,'
Gold certificates on hand and
due from U»S.Treasury •
20,55-1,126 1 , - 1 5 8 , 1 3 5 -7,3^2,152 1,201,214.1 1,746,654
2,322
13,036
iiedemption fund--F.R.notes
433
474
1,615
16,432
Other cash
20,474 •. 60,773
13,103
2U5,038
900,063 6 5 7 , 6 8 9 3 ,579,062 646,246 395,898 6 3 7 , 8 5 5 435,717 1 , 8 5 0 , 4 1 1
86 .
686
4o4 .
591
1,135
1,430
3,167
643
13,622
11,263
6,432'
23 ,oc'6
12,992 15,573 •
11,759
39,499
7 , 4 0 4 , 5 4 5 1,214,830 1 , 7 6 3 , 6 1 0
9 1 4 , 1 9 0 6 7 3 , 6 6 6 3 , 6 1 9 , 9 9 1 66o,459 402,466 .649,809 448,11? 1 , 8 7 6 , 5 8 4
20,809,200 1 , 1 8 0 , 9 3 1
Total reserves
Bills discoursed:
Secured by U.S.Gov't o b l i g a t i o n s ,
direct and guaranteed
k>325
1,092
Other bills discounted
Total bills discounted
5,hn
ilj.,181
Industrial advances
UJ*.Government s e c u r i t i e s ,
direct and guaranteed:
Bonds
1,650,283
Not-ss
728,105
Certificaxes
3^0,973
Bills
669 fii-10
Total U.b.Gov't securities 3
direct• .and H,
?marante3d
3,388,771
....
Y .
V
„
.
1,940
425
310
96
50
111
14+
1,300
2,365
406
161
4-4
1,157
623
5,303
471
344
814
1 1 7 , 3 6 8 '459,367
202,672
51,733
21+,2SO •
94,912
186,112
47,552
122,40325,290
49,591
153,803
67,357
. 31,778
62,313
100,045
44,i4i
20,671
4o ,535
251,288
315,751
1,300
- -
240,953
943,063
54,oc4
22
29
580
102
175
22
29
682 "
14
470
2,074
71,334
31,497
14,749
2d,921
211,403 . 82,214
93,271 36,271
4 3 , 6 7 9 16,987
35,650 33,809
'44,239
19,519
9,i4i
17,923
72,322
32 ,123
15,046
29,504
205,390 146,551
4 3 4 , 0 0 3 169,281
•90,322 149,500 131,401
3,408,369
.243,410
946,051
256,997
Due f r o m foreign bs.jiks
F.ii. notes of othor banks
Uncollectod it'jms
Bank premises
Other assets
47
%,069
l,047,362
4o,388
50,210
3
1,043
100,587
2,745
3,355
18
2,913
227,967
10,379
13,405
5
1,629
67,194
-4
1,384
125,692
2
3,292
92,679
3,784
5,284
3,159
145
30
35 .
122
223
—
—
—
l4o:
—
76
76
2,043
63,86.0
151,375
66,787
28,175
13,194"' - '31,276
26,172
61,330
310,768
.>
Total bills and
securities
TOTAL A S S E T S
35
122
—
316,383
206,278 147,400
2
3,203 '
1*4,499
1,950
2,112
4 3 4 , 3 5 3 169,470
6'
1
2,591
45,601
2,128
91,314 151,603 132,223 • 3 1 2 , 8 8 7
l
3,460
47,497
2,331
2,234
1
1,159
46,951
1,090
1,936
4
4,968
69,824
2,723
4,903
25,335,61+5 1,532,074 8 , 6 0 5 , 2 7 8 1,549,266 2,217,221 1,222,674 8 7 2 , 8 3 7 4 , 2 1 8 , 7 6 5 882,533 524,135 857,435 6 3 1 , 4 7 9
2,271,598
4,327
*Less than $ 5 0 0 .
4,364
3,074
3,075
152,094
2,956
6,290
2,333
*
• 847
26,777
1,321
.1,410
STATEMENT OF OONDll'lOw OF iiiii FEDERAL RESERVE BANKS ON AUGUST 2 6 , lyLg.
(In thousands of dollars)
Form F.' R . 283-c
L I A B I L I T I E S
F.R.notes in actual circulation
Deposits:
Total
10,030,91+1
Member b a n k - r e s e r v e a c c t . 12,526,1*18
U.S.Treasurer-general a c c t . 175,955
Foreign
907,61+0
Other
1+30,039
Phila.
Cleve.
71+5,71+6 2,1*30,212
711,91+6
958,939
5 7 8 , 0 1 6 395,937.2,cl*8,56t 395,721 2l*i*,98c 3 3 3 , 6 1 5 1 7 9 , 3 1 1
61+1,81*1* 5 , 0 5 2 , 2 6 8
7,271
1+1,1+55
2l+,355
1+80,391
-l+,608
278,1)1+7 -
61*2,701
l3,li06
.67,132
9,287-
965,2ll+
12,293
61*,335
63,532.
1+89,11+1 3 9 3 , 3 9 7 1,372,511 383,909 2 1 1 , 1 6 5 .'+28,135 3 6 3 , 8 1 8 1-,077^315
20,1+1+1*
'9,653 12,053 10.682 12,211
13,152
l b , H I *1+,159
2
0
,
2
7
9
53,1A9
15,331+
20,979
21+,1+75
20,279
35,313
30,769
2
,
7
8
6
y.
I189
3,295
h
,
0
7
6
1-,211+
6,226
3,021
9,028
Boston
New Y o r k
Rich.
Atlanta
Chicago St.Louis
Minn. Kans.Cy.
Dallas S a n F r a n .
1,0C2,858
Total deposits
ll*.0l+0,052
678,078
737,526
7 3 7 , 5 2 6 1,1057375"
678,078 5,853,061
5,853,061
,01+0,052
399,091+' 1 7 1 5 1 . ^97'
543,109 TJJcJTcy 1,973 >997 W T T T c ' 21+6,^7
Deferred availability items 9 3 0 , 3 2 2
ll+o ,566 I{l+,370 '22.2U+ 1+1
31,721
189,67/+
117,393
1+1 ; i 5 2
59,11+9
61+, 755
81+,753 36,509
Other liabilities including
1
128_
350
„_221
192
850
11+8
>72
3^9_ _ A !
1+,135
J53l_15£.
33 L
accrued dividends.
TOTAL LIABILITIES
25,005,1+50 1 , 5 0 6 , 1 1 7 3,1+73,797 1,514,558 2 ,182 ,0l+2 1 , 2 0 6 , 2 2 7 8 5 8 , 7 6 6 [+,169,673 870,509 5ll+,269 31-5,818 6 1 9 , 7 7 8 2,21+3,396
CAPITAL ACCOUNTS
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
11+5,162
157,502
26,781
50,750
9,1+39
10,91+9
2,871+
2,695
ll,77l+
15,171
l+,393
3,370
53,1+73
56,651
7,070
H+,237
lL.,338
ll+,3l+6
1,007
1*,988'
5,636'
5,256
3,21.1+
2,131'
c
5.-13.3
5.725
713
2,500
15,997
22,
I ,a29
3,7l|-l
l-:-, 07
>+,966
530
2,071
3,065
7.
,152
1,000
2,61+9
l+,692
3,613
1,137
2,175
1+,1*1+6
3,976
1,263
2,016
11,962
10 J 9 2
2,121
3,127
TOTAL LIABILITIES iJID
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
25,385,61+5 1,532,071+ 8 , 6 0 5 , 2 7 3 1,51+9,266 2 , 2 1 7 , 2 2 1 . 1 , 2 2 2 , 6 7 1 + 8 7 2 , 3 3 7 1 + , 2 1 3 , 7 6 5 8 8 2 , 5 3 3 52i+,l35 857,1+35 631J+79
16,720
1+33
1,1+23
10 ,1+79,902
775,117 2,533,837
738,31+6
10 , 5 8 9 , 5 0 0
785,000 2 , 5 5 0 , 0 0 0
71+0,000 1 , 0 0 0 , 0 0 0
3,695
Total
Bills discounted
5,1+17
Industrial advances
li + ,l8l
U.S.Government s e c u r i t i e s ,
direct and guaranteed
3,383,771
750
1,300
Within
15 days
1+,196
699
990,31+2"
1,21*1*
11*6
1,589
1,022
—
' 1,327
—
2,271,898
8,087
6 1 1 , 3 5 2 1+29,530 2,091,126 1+28,929 250*071 352,707 1937551 1,075,191+
625,000 1+35,000 2 , 1 0 0 , 0 0 0 l+l+c,oco 2?5,ooo 360,000 2 0 5 , 5 0 0 r,o9l+,ooo
11+5
1,91+0
310
M A T U R I T Y D I S T R I B U T I O N O F B I L L S /JIB S E C U R I T I E S
1 6 to
30 days
7,602
971
376
71,519
11+5,978
3 1 to
60 days
1C3"
1U+
300,L27
61 to
90 cWys
82
2,161*
1+1+2 ,l*9l|.
91 cU<ys to
6 months
25
713
lii_6,965
6 months
to 1 y e a r
1,528
13;,, 700
1 to 2
years
2 to 5
ye&rs
820
83I*
268,175
335,330
Over
5 years
1,1*93,183
@FedFRASER