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Form F. R. 233 STATEMENT FOR THE PRESS Released for publication Friday morning, August 30; not earlier. Board of Governors of the Federal Reserve System August 29, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 28 member bank reserve balances increased $97,000,000* Additions to member bank reserves arose from increases of $71,000,000 in gold stock and $4,000,000 in Treasury currency, and a decrease of $76 ,000,000 in Treasury deposits with Federal Reserve Banks, offset in part by a decrease of $12,000,000 in Reserve Bank credit, and increases of $30,000,000 in money in circulation and $12,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on August 28 were estimated to be approximately $6,490,000,000, an increase of $70,000,000 for the week. Holdings of United States Treasury ' notes decreased $4,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended August 2 8 , 1940, were as follows! Increase or decrease since Aug. 28, 1940 Aug. 21, 1940 Aug. 30, 1939 (In millions of dollars) Bills discounted Bills bought U. S. Govft securities,direct and guaranteed Industrial advances(not including 8 million commitments - August 2.8) Other Reserve Bank credit 4 - ~ 2,442 + 1 4 9 26 16 3 23 Total Reserve Bank credit Gold stock Treasury currency 2,480 20,871 3,034 - 12 + + 71 4 Member bank reserve balances Money in circulation Tre asury c ash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 13,516 8,006 2,291 813 1,759 + + 97 30 2 1 76 12 + 32 +4,233 + 129 +2,565 + 865 36 + 104 + 896 Form FR~283~a 'Released for publication Friday morning, Aug. 30, 1940; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Aug.30, Aug. 21, 1939 1940 1940 A S S E T S Gold certificates on hand and +4,249,758 due from U. S. Treasury + 75,000 18,561,978 — 3,182 + Redemption fund - F. R.notes 11,826 8,642 Other cash 5,666 + 348,390 +4,261,582 Total reserves + 69,334 18,922,194 Bills discounted: Secured by Uf S. Gov't obligations, 880 110 + direct and guaranteed 1,229 — 1,462 680 Other bills discounted + 2,619 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 Total bills and securities Due from foreign banks F. R.notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 3,848 - + 790 - 8,553 1,319,196 1,122,458 - - 2,342 546 3,114 - 8 — - 4,274 - — - 4,274 + 15,465 3,492 + 9,463 — - + 2,441,654 - 2,454,055 - 406,736 56,651 334,620 130 2,852 47,880 847 8,069 47 2.0,812 636,584 41,364 60,191 771 24,735 31 + 865 + 22,135,247 + 42,712 +4,323,165 5,334,240 + 24,301 + 13,515,998 813,094 888,288 609,460 15,826,840 611,024 + 97,280 76,180 + 21,229 9,006 3,284 21,775,388 + 388 + 42,490 664 +4,309,103 137,582 151,720 26,839 43.718 22,135,247 + + + — + - + - L I A B I L I T I E S F. R. notes in actual circulation Deposits: I.Iomber 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 .""lability on bills purchased for foreign correspondents Commitments to make industrial advances 89.4$ + 33,323 15,522 20 +2,564,994 104,483 + 538,156 + 351,692. +3,559,325 + 25,484 + - + 202 + 42,712 2,095 2,568 — 425 + 9,824 +4,323,165 + + — — — — ,1% — 8,238 724,958 - - 3 - 2,5% 3.01 2,771 Porn F. R. 28>-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 28, 1940 (in thousands of dollars) A S S E T S Total Boston Hew York Gold certificates on hand and due from U.S.Treasury 18,561,978 1,145,311 Redemption fund - F.R.notes» 1,850 11,836 Other cash 348,390 31,705 9,009,035 1,477 95,412 Total reserves 9,105,924 1,000,440 1,277,307 504,431 386,773 2,919,364 476,262 292,554 404,376 271,768 1,104,129 18,922,194 1,178,866 Bills discounted* Secured by U.S. Govft obli gations, direct and guaranteed 1,229 Other bills discounted 2,619 Phila. Cleve. Rich, Atlanta 10 198 25 60 208 375 790 208 25 272 100 5 104,660 89,050 135,286 115,111 66,080 56,225 48,389 41,173 140,001 119,122 748,007 193,710 250,397 122,305 179,288 751,672 196,288 250,919 123,155 3 893 57,203 2,857 4,152 18 2,161 151,216 9,785 17,650 5 1,104 45,671 4,497 4,715 660 1,200 74 85 113 34 60 1,860 1,805 159 2,419 147 Industrial advances 8,553 U. S» Government securities t direct and guaranteed: Bonds 1,319,196 Hotes 1,122,458 23 1,127 96,246 81,892 404,139 343,868 Total U*3»Gov!t securities, direct and guaranteed 2,441,654 178,138 Total bills and securities 2,454,055 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 20,812 636,584 41,364 60,191 T O T A L A S S E T S •3,848 ! linn. Kans. Cy.Dallas San Fran. 969,122 1,254,354 481,133 3-66,281 2.378,563 458,287 283,969 3^6,195 256,821 1,073,007 402 1,61s 1,248 1,077 1,147 650 829 400 495 633 39,972 17,575 8,090 17,648 14., 297 29,874 30,241 22,551 21,680 19,345 15 8 Total bills discounted Chicago St.Louis 50 66 31 ,211 151 717 40 116 242 868 227 215 462 40 648 61,113 52,000 38,847 62,380 33,054 53,077 51,444 43,771 110,611 94,115 89,562 259,123 113,113 71,901 115,457 95,215 204,726 89,978 259,420 113,218 72,244 115,914 96,545 205,414 1 519 26,502 1,133 2,777 4 2,617 30,011 2,884 5,328 2: 4 2 2,048 1,310 3,421 80,844 50,762, 23,588 2,005 5,449 2,494 6,706 3,420 2,159 100 * 6 1 2,550 1,659 1,035 89,704 35,269 17,142 1,379 3,351 2,397 1,307 6,124 2,613 1 1,445 28,672 3,133 2,740 22,135,247 1,423,262 10,038,426 1,252,720 1,622,539 637,685 506,553 3,280,519 631,419 386,211 556,281 399,245 1,350,387 *Less than $500 Form F. R. 283-c STATHMIT OF CONDITION OF THE FEDERAL RESERVE BAIIKS OH AUGUST 28, 1940 (in thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. 436,388 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 5,334,240 Deposits* Llember bank-reserve acct. 13,515,998 U.S.Treasurer-General acct. 813,094 Foreign bank 888,288 Other deposits 609,460 1,426,949 369,546 489,430 234,390 171,500 1,150,618 198,700 145,292 192,343 83,733 435,351 768,930 7,211,153 66,374 299,588 63,104 315,286 7,454 518,035 650,295 40,188 87,201 27,685 855,423 308,737 228,168 1,797,108 310,747 163,176 269,689 212,147 80,032 39,855 34,859 81,132 41,200 29,109 29,818 36,651 82,751 38,261 31 a43 106,776 26,694 19,576 25,804 26,694 5,447 1,185 5,072 8,514 7,319 4,533 1,061 2,708 740,425 34,288 64,998 20,447 Total deposits 905,862 8,344,062 805,369 1,023,653 388,038 299,242 1,993,530 3^5,960 216,394 326,372 278,200 860,158 611,024 55,703 142,372 44,392 75,322 49,552 22,589 90,208 35,415 15,058 26,720 25,711 27,982 3,284 435 863 319 314 101 144 348 129 152 184 132 163 15,826,840 Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L 21,775,388 1,398,388 9,914,246 1,219,626 1,588,719 672,081 493,475 3,234,704 620,204 376,896 545,619 387,776 1,323,654 A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 137,582 151,720 26,839 43,718 9,332 10,405 2,874 2,263 51,075 53,326 7,109 12,670 11,880 14,198 4,393 2,623 14,059 14,323 1,007 4,431 5,337 5,247 3,246 1,774 4,673 5,725 713 1,967 13,914 22,824 1,429 7,648 4,154 4,709 538 1,814 2,952 3,152 1,001 2,210 4,422 3,613 1,142 1,485 4,139 3,974 1,266 2,090 11,645 10,224 2,121 2,743 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 22,135,247 1,423,262 10,038,426 1,252,720 1,622,539 687,685 506,553 3,280,519 631,419 386,211 556,281 399,245 1,350,387 Commitments to make industrial 54 3,282 144 advances 8,238 260 741 1,034 1,119 701 510 15 374 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Industrial advances U. S.Government securities, direct and guaranteed Total Within 15 days 3,848 8,553 2,217 1,565 2,441,654 16 to 30 days 233 173 31 to 60 days 688 242 61 to 90 days 518 298 91 days to 6 months 187 953 100,500 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years 5 1,271 1,526 2,525 234,247 129,940 733,467 Over 5 Yoars 1,243,500 Form F. R. 283-d FEDERAL RESERVE HOTE STATEMENT ON AUGUST 28, 1940 (In thousands of dollars) Total Federal Reserve notes: Issued to F.R.Bank by F.R.agent Held by Federal Reserve Baric In actual circulation Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans«Cy. Dallas San Fran. 5,623,589 453,557 1,509,606 388,703 510,325 250,125 185,979 1,180,208 209,377 U9,4()6 202,662 289,349 17,169 82,657 19,157 20,895 15,735 14,479 29,590 10,677 4,114 10,319 91,237 492,404 7,504 57,053 5,334,240 436,388 1,426,949 369,546 489,430 234,390 171,500 1,150,618 198,700 145,292 192,343 03,733 435,351 5,723,000 4-60,000 1,525,000 390,000 511,500 275,000 190,000 1,200,000 23.9,000 150,500 205,000 2,537 23 1,860 155 60 - - 100 105 234 93,000 504,000 - - 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 5,725,537 460,023 1,526,860 390,155 511,500 275,060 190,000 1,200,000 219,100 150,605 205,234 93,000 504,000
@FedFRASER