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Form F . R . 23.3 STATEMENT FOR THE PRESS Released for publication Friday morning* D e c . 11; not earlier. Board of Governors of the Federal Reserve System December '10, I9I4.2 CONDITION OF TIIB FEDERAL R3SEI-.VE BAI'KS During the week ended December 9 member bank reserve balances increased $1467,000,000. Additions to'memfier bank reserves arose from increases of $353>000,000 in Reserve Bank credit and $2,000,000 in Treasury currency and decreases of $51,000,000 in Treasury cash, $3)4,000,000 in Treasury deposits with Federal Reserve Banks and $121^,000,000 in nonmember deposits and other Federal Reserve accounts, offset in .part b y an increase -of $138,000,000 in m o n e y in circulation. Excess reserves of member b a n k s on December 9 were estimated to be approximately $2,800,000,000, an Increase of $300,000,000 for the w e e k . The principal change in holdings of bills and securities was an increase of $ii06,000,000 in United- States Government securities. Bonds increased $125,000,000, notes $3,000,000, bills $111,000,000 and certificates $137,000,000. Changes in member bank reserve balances and related items during the w e e k , and the year ended December 9> I9h2* were a s follows: Increase or decrease since Doc. 9 , Dec. 2 , 19^2 D e c . 10, 19U2 19HI (In millions of dollars) Bills discounted 9 U . S # Government direct obligations 5,519 U . S . Government g u a r a n t e e d obligations 27 Industrial advances (not including 10 million commitments - December 9) 15 Other Reserve Bank credit 21+3 — + hOl + 5 Total Reserve 3ank credit Gold stock Treasury currency 5,313 22,713 3,383' + 353 — + 2 Member bonk reserve balances M o n e y in circulation Treasury cash 1 Treasury deposits with i . R . Banks Konmembor deposit? and other F. R . accounts 13,267 14,936 2,192 60 1,435 — - 53 + 5 +3,328 + 2 2 + 5 +168 + 2 + U27 + 48 + 138 +4,152 - 51 34 • - 124 3>5 7 31 + 1U7 + - 7 97 466 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 9, -IfykQ: ~ (In thousands of dollars) Phil a* CI eve. Rich*. Atlanta Chicago St.Louis Minn, Kans^Cy, Boston New York Form F.* R . 2 8 3 ° L I A B I L I T I E S Total F . R . -notes in actual circulation 11,.902,213 367,1*76 2,735,268 3 3 3 , 6 7 5 1 , 1 0 3 , 9 6 6 766,095 5 2 7 , 7 0 1 2 , 3 6 4 , 6 1 5 5 0 1 , 7 6 2 Deposits: uember bank-reserve a c c t . 13,266,81*2 731,932 4 , 9 0 7 , 5 5 6 675,964 1,052,540 533,955 4 7 7 , 2 2 2 1 , 9 0 8 , 1 7 4 444,706 T 525 53,906 l ,S # Treasurer-general a c c t . 60^051* 375 392 544 247 9U 591 23,257 1/359,881 Foreign ' 796,81*6 69,047 66,170 31,647 25,174 87,748 21,577 6,030 199,886 14,392 58,756 11,152 5,283 . 9»257 12,210 Other 385*735 Total deposits ll*, 509,527 7 6 1 , 7 4 4 5 , 5 2 1 , 2 2 9 759,778 1,177,858 5 8 2 , 2 9 8 5 0 7 , 9 2 6 2 , 0 0 6 , 0 9 6 ' 479,034 Deferred availability items 1,067,317 62,994 139,307 97,224 38,465 152,974 52,922 97,167 211,340 ether liabilities including 190 accrued dividends 8,1*73 746 418 1,756 2,314 631 457 693 IuTAL LIABILITIES 2 7 , 4~8 7 , 5 3 0 1 7 2 7 , 0 8 0 8,470,093 1 6 6 3 , 7 6 1 2,426,762 1446,074 1074,510' 4,524,431 1033,958 CxiPIT.xL ACCOUNTS Capital paid in 145,474 9,484 53,494 11,753 14,853 5,851 5,177 16,069 4,530 Surplus (Section 7) 157,502 15,171 14,346 5,236 5,725 22,925 4,966 10,949 56,651 Surplus (Section 13*>) 26,781 2,874 7,070 4,393 1,007 3,244 713 1,429 530 Other capital accounts 54,285 2,914 15,382 3,311 5,257 2,304 2,602 9,115 2,266 TOTAL LIABILITIES A N D CaPITAL iiCCOUKTS 27,871,572 1 7 5 3 , 3 0 1 8 , 6 0 2 , 6 9 0 1 6 9 3 , 3 3 9 2 , 4 6 2 , 2 2 5 1 4 6 2 , 7 0 9 1 0 8 8 , 7 2 7 4 , 5 7 3 , 9 6 9 1 0 4 6 , 2 5 0 Commitments to make industrial advances 225 318 10,381 l.,452 441 1,209 135 94 1,667 F . R . notes outstanding 12,411,726 9 0 5 , 5 8 2 2,363,998 867,041 1,140,735 794,144 563,927 2,419,897 533,193 Collateral for F.R.notes held b y F.R.Agents: Gold certificates 1 2 , 4 2 1 , 0 0 0 9 1 7 , 0 0 0 2 , 8 6 5 , 0 0 0 870,000 1,-150,000 747,ooo 570,000 2,440,000 500,000 Eligible paper 3,020 305 -25 — —' 45 125 3,579 U . S . Gov't securities 90,000 50,000 — — 40,000 IwhTURITY DISTRIBUTION OF BILLS AND SECURITIES Total Sills discounted 3,753 Industrial advances 15,227 U . S . Government securities, direct and guaranteed 5,545,797 Within 15 days 5.852 16 to 30 days 31 to 60 days 61 to 9 0 days 9 I days-to 6 months Dallas San F r a n . 293,266 419»396 2 4 3 , 2 0 7 1,235,236 265,539 501 15,823 17,229 299,092 25,731 496,919 479,163 1,233,172 860 865 331 54,806 20,858 2 0 , 8 5 3 42,746 4,576 4,268 523,218 504,620 1,336,534 47,522 ioo,445 40,726 167 618,256 457 387 257 991,023 788,810 2 , 7 2 2 , 7 7 2 4,450 3,976 1,263 2,139 12,020 10,792 6 2 3 , 2 0 5 . 1 0 0 2 , 3 0 5 800,638 2,751^164 4,720 3,613 1,137 2,312 3,073 3,152 1,000 2,724 337 2,121 3,459 — 4,oo3 300,561 435,956 269,653 1,317,039 305,000 44o,ooo 2 7 3 , 0 0 0 59 1,344,000 6 months to 1 year 1 to 2 years 8,586 177 419 598 339 1,436 2,392 690 654 1,097 1,057 90,592 70,120 598,332 105,520 281,414 556,008 295,575 2 to 5 years Over 5 years 683 1,356,936 l/After deducting $436,628,000 participations cf other Federal Reserve Banks. 2,193,300 Form F . R . 283a Released for publication Friday morning, December 11, I9I4.2; not earlier. . STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec.9, 1942 D e c . 10, 1941 • Dec. 2, 1942 A S S E T S ' Gold certificates on,hand and due from U . 3 . TreasuryRedemption fund - F . K . notes Other cash Total reserves Bills discounted} Secured b y U , S . Gov't obligations, direct and guaranteed . Other bills discounted Total bills discounted 20,554,614 17,. 164 239». 540 20,811,313 + 1 926 3,374 7,449 + + 3,685 5,-068 2/684,674 1,366,564 15,227 3,599 1,812 7,951 13,362 + 2,233 2,460 + 4,693 + 5,455 320 + 63 252 8,753 Industrial advances U . S . Government securities, direct and guaranteed: Bonds Notos Certificates Bills Total U . S . Government securities, direct and guaranteed + + + + + 250 +125,237 +1,277,874 + 3,227 + 539,264 +136,797 + 918,521 +140,671 + 563,668 5,545,797 +405,932 +3,349,327 Tot«.l bills „jid securities 5,569,777 +405,930 +3,359,475 Due from foreign bunks F . k . notes of other banks Uncollcctcd items Bank premises Oth~r assets T0T.i.L ASS.,TS •47 39,945 1,309,993 - - 918,521 576,038 • - - + 2,373 -135,341 + l + 10,677 + 7,374 +374,472 27,371,572 +241,089 +3,302,140 11,>02,213 + 94,335 +4,063,816 13,266,842 60,054 796,846 385,735 +427,182 - 34,227 + - 47,454 97,087 -119,740 - 138,207 + - 292,913 14,5)9,527 +275,723 - 430,753 1,067,317 -132,054 + 207,186 40,063 100,429 988 + 47,945 L I A B I L I T I E S F, R . notes in ^ctual circulation bsposits: Lumber bank-re servo account U . S . Treasurer-general account Foreign Other Total deposits Deferred availability .items Other liabilities including accrued dividends TOT.iL LIABILITIES C p I T A'L 3,473 27,487,533 + .2,473 +240,432 145,474 157,502 26,731 54,285 27,871,572 + 936 +3,791,185 A C C 0 0 N T b Capital paid in Surplus (Sectiqn 7) Surplus (Section 13b) Oth^-r capital accounts T0T.iL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F . R . note liabilities combined Commitments to make industrial advances 2,515 78.3$ 10,381 21 + 4,169 + — + 536 .+241,089 - 1.15& 388 437 4 + 6,353 +3,302,140 - 12.395 4,556 torm F . R . 233b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 9 , l<)h£ (In thousands of dollars) A S S E T S Total Linn. Kans.Cy. Dallas San F r a n . Gold certificates on hand and due from U . S . T r e a s u r y 2 0 , 3 3 k , 6 l h U B 2 . k 5 k 6,807,710 1173,213 1,766,971 Redemption fund -F.R.notes 426 17,16k 1,290 1,103 1,395 : vth^r cash 20,960 51,630 12,894 17,932 239,3k0 950,453 2,313 15,314 747,122 3,632,515 207 1,743 15,010 23,984 £91,660 4 3 0 , 4 1 5 273 245 16,949 7,853 6 5 3 , 6 5 2 502,700 1 , 9 6 5 , 7 4 9 422 423 7,324 13,460 3,627 34,427 968,580 762,339 3,708,242 708,832 438,513 662,702 516,532 2,007,500 20,911,318 1 2 0 ^ 3 0 9 Bills discounted: Secured b y U . S . Gov't obligations", direct and guaranteed 3,685 Oth^r bills discounted 5,068 Total bills discounted 3,753 15,227 Industrial ~s.dvance.s 0 * u. S . Government securitie ° direct and guar^uiteeds Bonds 2,684,674 2.otes 1,366,564 Certificates 918,521 Bills 576,038 Phila. .Chicago St.Louis Rich. Total reserves New York Atlanta Cleve. Boston 6,860,630 1137,210 1,735,329 3,020 2,125 305 430 140 494 25 220 785 634 245 175 610 470 5,145 621 5,H4 327 69b 537 117 204,433 104,090 <£9,961 37,256 683,563 347,950 233,371 170,420 204,314 104 ,-001 237,972 121,133 125 — 125 69,903 39r756 - - — 175 . 610 45 150 — — 145 330 195 61 110 2o4 145 380 379 2,241 131 4,035 72,536 36,945 24,834 16,225 47,842 176,147 39,666 60,266 __32,093 126,948 64.620 43,433 26,_12_9 3 3 0 . 1 2 6 123,191 163,042 65,250 112 948 43,3-58 ..77,647. 33,416 31,419 110 25. 179 — 1 3 1 , 9 6 5 109,326 67,176 55,649 45,150 37,4041 l?,,?. ! 279,053 142,042 95,474 51,092 Total U . S . Gov't securities, diiect ana guaranteed 5,545,797. 4 1 5 , 7 9 0 1,435,804 417,974 438,366 358,172 261,130 683,763 270,715 150,590' ' 2 6 8 , 5 3 4 '2 2 2 , 2 9 3 567,661 Total bills and securities 5,569,777 4 1 6 , 3 8 5 1,441,570 423,873 439,827 '261,842 689,490 270,971 151,079 572,076 -•uc from foreign banks F . R . notes of other banks Uncollected items B a n k premises Other assets 47 39,945 1.309,995 40,063 100,429 3 356 121,509 2,726 7,013 1/' 13 3,442 262,284 10,305 24,441 5 1,575 72,091 4,791 9,344 4 2,425 170,815 4,335 9,490 359,in • •2 7,993 117,467 3,051 6,505 RUTAL ASSETS 2 7 , 8 7 1 , 5 7 2 1 7 5 3 , 3 0 1 8,602,690 1698,3392,462,225 1462,709 •Less t h a n , $ 5 0 0 . 23,780 54,06? 1,939 4,756' * - • 1 • 6 4,253 • 2,863 1,239 156,876 5 6 , 3 6 6 33,273 2,925 2,113 .1,312 12,172 4,554 2,784 " 270,979'222,574 . 1 ' 1. 1,309 4,533 56,909 54,638 1,060 2,308 4,8133,974 » u 5,H7 153,191 2,698 10,573 1 0 3 3 , 7 2 7 4 , 5 7 3 , 9 6 9 1 0 4 6 , 2 5 c 623,205 1002,805 800,639 2,751,164 l / After deducting $29,000 participations of other Federal Reserve B a n k s .
@FedFRASER