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Form F.R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, August 8; not earlier, Board of Governors of the Federal Reserve System August 7, 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended August 6 member bank reserve balances decreased $146,000,000* Reductions in member bank reserves arose from increases of $98,000,000 in money in circulation, $15,000,000 in Treasury cash, and $116,000-000 in nonmeniber deposits and other Federal Reserve accounts and a decrease of $14,000,000 in Reserve Bank credit, offset in part by a decrease of $82,000,000 in Treasury deposits with Federal Reserve Banks, and increases of $9,000,000 in gold stock and $6,000,000 in Treasury currency. Excess reserves of member banks on August 6 were estimated to be approximately $5,020,000,000, a decrease of $140,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended August 6, 1941, were as follows* Increase or decrease since Aug. 6, 1941 July 30, 1941 Aug. 7, 1940 (In millions of dollars) Bills discounted U. S. Government direct obligations U. S. Government guaranteed obligations Industrial advances (not including 13 million commitments — August 6) Other Reserve Bank credit 5 2,179 5 — + — - 2 260 *“ * 2 9 32 - 1 - 14 Total Reserve 3r:.nk credit Gold stock Treasury currency 2,231 22,682 3,169 - 14 + 9 + 6 240 +2 ,114 + 144 Member bank reserve balances Honey in circulation Treasury cash Treasury deposits with F. R. Banks Honmenber deposits and other F. R. accounts 12,951 9,795 2,345 839 2,152 -146 + 98 + 15 - 82 +116 335 +1,866 + 69 - 84 + 503 4. 19 rT 'Fe>rm F. 28>-a Released for publication Friday morning, August 8,194-1j not earlier, STATEJEKT OF 00HDITI01I OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since 1SSETS Gold certificates on hand and due iron U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Bills discounted» Secured by U. S. Gov’ t obligations, direct and guaranteed Other bills discounted Total bills disco\mted Industrial advances IT. S. Government securities, direct and guaranteed* Bonds July 30, 1941 Aug, 6 , 1941 Aug, 7, 1940 20,585,431 2,002 386 - 24,989 - 26,605 +2,026,556 + 3,804- 90,679 +1,939,681 1,748 _ .._.l*64l 5?3S9 9,448 + 126 ±.. jm + 829 - 482 + + 1 ,363,800 820,300 — Total U. S. Government securities, direct and guaranteed 2,184,100 — Total bills and securities 2,198,937 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 30,090 880,483 40,4-17 _ — + 3,752 942 + 21 + 588 258,829 — + 7,296 + 266,44:5 990 -,. ,.9^j4 TOTAL 23,753,594 - 22,839 +1,944,269 6,903,785 + 74,603 +1,622,859 12,951,427 839,314 1,201,653 663,688 15 ,656,082 848,354 -145,513 - 81,741 + 57,622 + 59,277 -110,355 + 13,322 + + + + .... ?-^04 23,410,925 ... .129 - 22,759 + 244 +1 ,930,882 140,911 157,065 26,785 47,908 23,783,594 + + + KO*G6 S ASSETS L I A B I L I T I E S F. R. notes in actual circulation Deposits* Member bahkr^reserve account U, S. Treasurer — General account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 20,300,531 16 ,657 268,243 + 347 + + + 511 1,642 2,153 846 + - 44,604 306,432 - 261,828 - 334,434 84,080 308,096 170,891 60,473 24-7,306 2 ALIIAk S C O O T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AIJB CAPITAL ACCOUNTS Ratio of total reserves to deposit and 7. note liabilities combined Commitments to make industrial advances 91.256 12,810 — — 17 97 - 22,839 — + 1,113 3,368 5,345 54 + 4,728 +1,944,269 + + 1.95S 4,379 Form F. R. 283-b STATEMENT OF CDNDITIOH OF THE FEDERAL RESERVE BANKS Oil AUGUST 6, 1941 (In thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans*Cy. Dallas San Fran. Gold certificates on hand and due fron U.S.Treasury 20,300,531 1,184,358 8,606,225 1,269,140 1,593,691 694,827 480,357 3,351,111 548,512 352,438 485,092 348,601 1,386,179 Redemption fund-F.R.notes 16,657 1,478 1,388 1,286 583 686 1,577 600 5,038 526 770 1,752. 973 Other cash 268,24-3 20,868 63,855 19,063 15,590 15,334 23,551 37,746 15,448 5,891 10,140 10,659 30,098 Total reserves 20,585,431 1,210,264 8,671,468 1,289,489 1,609,967 711,738 504,508 3,390,335 564,933 358,912 495,758 360,030 1,418,029 Bills discounted* Secured by U.S,Gov*t obligations, direct and guaranteed 1,748 37 1,170 ISO 110 — 20 — 25 61 29 91 25 Other bills discounted 3,641 — 2,971 63 22 — 38 — — 162 56 10 319 Total bills discounted 5,389 Industrial advances 9,448 U.S.Government socor ities, direct and guaranteed* Bonds 1,363,800 Notes 820,300 37 1,300 4,141 1,184 243 3,583 99,286 59,719 231,036 Total U. S. Gov*t securities, direct and guaranteed 2,184,100 159,005 160,342 Total bills and securities 2^98,937 2^1.98,937 Due iron foreign banks 47 F. R. notes of other banks 30,090 880,483 Uncollected items 40,417 Bank premises 48,189 Other assets TOTAL A SSETS 3 1,075 87,512 2,801 3,256 132 342 58 795 — 25 167 365 64,541 57,484 34,577 166,999 100,446 615,149 171,842 227,243 119,663 92,061 620,474 18 2,481 208,811 10,088 12,747 175,663 227,717 120,458 92,286 2 2 2,258 32,167 1,966 2,022 5 1,599 6 4 ,0 54t 4,823 4,04-9 4 1,838 8,463 102,804 4,500 5,415 66,993 2,687 2,924 — 223 445 85 759 4-10 337 35 3.71 65,886 38 ,477 66,280 53,594 39,630 23,144 39,864 3-2,235 267,445 105,516 61,621 106,144 85,329 172,582 -t\/v^p>'O Op'1 o 86,576 62,239 X * 1 1 817 2,364 991 19,708 40,119 28,961 1,350 2,932 1 ,174 2,282 1,407 2,065 172,788 4 3,323 48,165 2,797 4,190 267,810 105,541 6 1 2,552 2,329 138,294 42,895 2,298 3,001 5,612 2,220 23,783,594 1,465,253 9,526,087 1,539,687 1,952,245 913,265 635,209 3,807,387 720,440 444,483 650,444 479,793 1,649,296 *Less than $500. |>rn F* R. 28>-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BALTICS Oil AUGUST 6 , 1941 (In thousands of dollars) L IABILIT I E S Total , R. notes in actual cir— juTation 6,903,785 spofdtsl ienber bank-reserve acct.12,951,427 J.S,Treasurer-General acct, 839,314 foreign 1,201,653 jtrier deposits 663,688 )tal deposits 15.656.082 iferred availability itens 848,354 I.her liabilities including •iccrued dividends 2,704 DTAL LIABILITIES Boston New York Phila, 574»122 1,820,012 477,163 652,013 326,988 229,779 1,476,257 256,504 174,321 230,659 110,474 575,493 668,545 6,124,094 56,052 271,072 55,463 460,834 545,3^4 11,607 762,208 62,885 116,017 950,139 421,588 280,880 1,859,214 327,450 169,974 293,850 247,759 78,281 28,022 32,252 111,694 35,415 39,516 37,647 44,851 110,037 51,430 41,862 143,527 35,882 26,313 34,686 34,686 4,598 8,599 6,557 3,187 2,246 28,369 5,269 7,173 791,667 7,401,344 73,567 175,560 957,336 1,166,826 506,309 362,167 2,119,033 407,3^6 242,360 369,370 329,542 1,002,782 43,175 98,666 63,642 29,542 163,964 44,635 17,993 38,979 28,204 70,427 301 575 16,226 224 Cleve. 320 Rich. Atlanta 300 Chicago St,Louis Minn, Kans.Cy, Dallas San Fran, 78 322 111 124 105 123 845,726 41,627 90,916 24,513 121 2.3,410,925 1,439,657 9,397,491 1,505,150 1,917,825 897,239 621,566 3,759,576 708,596 434,779 639,132 468,343 1,621,571 CAPI T A L A C C O U N T S Mpital. paid in 140,911 urplus (Section 7) 157,065 urplus (Section 13b) 26,785 ther capital accounts 47,908 9,351 10,906 2,874 2,465 51,648 56,447 7,070 13,431 11,921 15,144 4,393 3,079 14,526 14,323 1,007 4,564 5,531 5,247 3,244 2,004 4,836 5,725 713 2,369 15,171 22,824 1,429 8,387 4,344 4,925 533 2,042 3,001 3,152 1,000 2,551 4,545 3,613 1,138 2,016 4,280 3,974 1,263 1,938 11,757 10,785 2,121 3,062 OTAL LIABILITIES AND CAPITAL ACCOUNTS 23,783,594 1,465,253 9,526,087 1,539,687 1,952,245 913,265 635,209 3,807,337 720,440 444,483 650,444 479,798 1,649,296 onnitnents to nake industrial 638 252 3,551 1,526 705 29 advances 12,810 2,188 49 973 783 899 1,217 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Within 16 to 1 Year <! Years to Over 61 to 91 days to 6 nonths 31 to to 1 Year to 2 Years Total 15 days 30 days 5 Years 5 Years 60 days 90 days 6 nonths ills discounted 5,3 i89 776 161 118 3,783 551 l,7öl ndustrial advances 9,448 1.929 1,435 1,567 301 938 1,174 323 . S. Government securities, direct and guaranteed 2,184,100 238,700 — 584,0< >0 1,233,600 84,800 — 43,000 ----- — — — — — Form F. R.28>-d FEDERAL RESERVE NOTE STATEMENT ON AUGUST 6, 1941 (in thousands of dollars) Total Boston New York Federal Reserve notes» Issued to F.R.Bank by F.R.Agcnt Held by Federal Reserve Bank In actual circulation Phila. Cleve, Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas Soil Fran. 7,247,873 602,976 1,911,394 499,683 674,263 350,925 248,073 1,510,076 271,367 180,013 241,441 122,536 635,126 344,086 28,854 91,382 22,520 22,250 23,937 18,294 33,819 14,863 5,692 10,782 12,062 59,633 6,903,785 574,122 1,620,012 477,163 652,013 326,988 229,779 1,476,257 256,504 174,321 230,659 110,474 575,493 Collateral held by agent as se curity for notes issued to bank» Gold certificates on hand, and -due fron U. S. Treasury 7,372,000 615,000 1,920,000 510,000 680,000 370,000 255,000 1,540,000 279,000 181,000 245,000 120,000 649,000 Eligible paper 4,711 37 4,l4l 204 — — — — 25 219 85 — — Total collateral 7,376,711 615,037 1,924,141 510,204 680-000 370,000 255,000 1,540,000 279,025 181,219 245,085 128,000 649,000
@FedFRASER