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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, Dec.^17; not earlier. Board of Governors of the Federal Reserve System December 16, 1943 CONDITIGB OF THE FED*Ra L RESERVE BANKS During the week ended December 15 member bank reserve balances increased $363»000,000.. Additions to member bank reserves arose from an increase of $164,000,000 in Reserve Bank credit and decreases of $307,000,000 in Treasury deposits with Federal Reserve Banks; $30,000,000 in nonmember deposits arid other Federal Reserve accounts and $8,000 0 0 0 .in Treasury cash, offset in part by an increase of $100,000,000 in mon*y in circulation and decreases of $40,000,000 in gold stock and £5*000,000 in Treasury currency. Excess reserves of member banks on December 15 were estimated to be appr*ximattJy$1,240,000,000, an increase of $320 , 000,000 for the week:. There was a decrease of $2,000,000 in holdings of United States Government securities. B ills decreased $72,000,000 and notes $34,000,000, while certificates increased $100 , 000,000 and bonds $4 , 000, 000, Changes in member bank reserve balances and related items during the week and the y^ar ended December 15, 1943» were as follows: Increase or decrease’ sin ce; Dec, 15 , 1943 Dec. 8, 1943 Dec. 16, 194g (In millions of dollars) B ills discounted .. 90 U, S. Government direct obligations. 10,934 U. S. Government guaranteed obligations 'do Industrial advances (not including 9 miHi on 11 commitments - December 15) Other Reserve Bank credit 589 + 18 3 1 ♦ 81 +5,428 + 49 •+ 183 + 4 96 Total Reserve Bank credit Gold stock Treasury currency 11,704 22,004 4,097 - + 164 40 5 +5,649 - 740 + 657 llember bank re'serve balances Money in circulation Treasury cash Treasury deposits with F,R, Banks Nonmember deposits'and other F^.Rt accounts 12,932 20,235 2,293 379 •1,965 + 363 + 100 8 - 307 - 30 + 585 +5,143 + 109 + 366 + 533/ Forsn. F. R* 283© L I A B I L I T I E S F. R. notes in a c t u a l c i r culation Deposits: : i&ember bank-reserve aoct. U.S^Treasurer-general acct, Forei gn Other Total Boston STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 15, I 943 ( I n thousands o f d o lla r s ) ' Phila. New York Cleve. Chicago St.Louis Rich, Atlanta Minn. Kans.Cy. Dallas 16,'636,130 1142,347. 31,679,905 1134,635 3.,481,624 1125,791 928,471 3¡,123,971 12,932 ,.082 634.911 1t, 280,142 639,139 20,100 • 379,481 130,681 26,764 .1,441,750. ; 35,679 1/633,236 128,100 82,054 4,005 179,913 3,919 Total deposits 14,933,226 " 694,609 ï?, 126,113 798,016 Deferred a v a ila b ility items 1,.6i 4 ,4 o5 115»290 316,118 101,695 Other l i a b i l i t i e s including accrued dividends 3,174 9.291 755 . 759 TOTAL LIABILITIES 33,193,052 1953,001 9>,125,310 2035,105 Capital paid in 151,772 11,704 56,563 y,77l" •Surplus (S ection 7) 11,160 58,001- 15,670 160,411 Surplus (S ection 13b) 26,829 • 2,874 7.070 4,393 Cthe r c ap i ts. 1 ac c ounts. 6,676 89*753 ; -5 ,8 7 3 . 25,232 TOTAL LIABILITIES AM) CAPITAL ACCOUNTS 33,621,817 •1982,679 S>,272,176 2073,546 Commitments, to make industr: .ax advances . 8,865 1,745 9 F. R. notes outstanding C o lla tera l for F.R.notes held .by F.R.Agents s Gold c e r t ific a t e s E lig ib le paper ' U. S. Gov’ t secu rities 3-,017, 2cf2 22,270 124,065 9,278 ].,172,815 172,720 522,579 516,836 ]-.975,820 24,266 23,770 19,174 57,986 47,198 164,518 4,106 4,478 5,072 608,441 587,686 2¡ , 169,676 119,6?4 107,439 256,564 . . 746.000 3, 465,000 5,774 58.745 450.000 350,000 598,914 407,607 1 ,917,021 4.56,721 299,578 ‘ 596,669 525,496 1,466.989 42,275 19,024 14,246 18,556 18,555 102,627 37,758 40,455 40*455 29,667 1,692 2,993 42,947 io,4<?9 8,960 526,‘ 609 352,451 6$4,475 587,49? 1,654.858 84,185 53,287 168,385 83,195 35,855 366 1*070 281 346 423 *392 551 241 653 2 828,023 1854,272 1624,019 55.551, 2.81 1324,238 770,268 1357/9661048,674 3,740.897 16,859 12,279 4,619 6,090 4,686 3,232 4i980 15,556 5,435 22,925 3,221 4,966 5,236 4.083 11,044 14,767 3,613 5,725 2 ,12 1 1,000 530 1,429 1,307 1,007 717 1,137 3,244 3,586 15,532 5,742 3,936 4,430 5,977 6,607 3,851 8,731 2¡,868,084 1873,272. 1659,871 5¡,605,826 1338,2.51 781,465 1351,632:1062,069 3.772,948 100 770 --- 17 , 237,786 117?,2 51 35,797,667. .1169,345 1.,532,812 1157,464 978,865 3',192,876 13 836,000 87/634 .3, 662,789 714,105 381,741 Son Fran. 3,000 337 751*412 589,596 — 2*904 620,351 445.420 2, 024,929 745.000 1 , 135,000 800, 000.706,000 2 ,940,000 425.000 270,000 450.000 236,000 1,874,000 11,6 15 — 3.650 — — 7,900 425,000 400,000 375,000 300,000 300,000 387,789 125,000 200,000 175,000 175,000 maturity distribution of bills and securities .Total 90,127 10,558 B ills discounted In d u stria l advances u. 3 . Government s e c u r itie s , dirroct and guaranteed 11,013.689 Within 15 days 80, 5.32 8,580 1 , 269,696 16 to 30 days 245 52 950,244 9 I days to 6 months 1 to 2 2 to 5 61 to to 1 90 yeardays -years .t * yoars 6 months * 2,600 - • ~ r~ — 268 258 102 1,155 115 31 to 60 days 6,700 30 2 , 522,529 2 , 102,701 1 ^175,000 1,143,750 l / A fte r deducting $805,099,000 p a r tic ip a tio n s o f other Federal Reserve Banks 227,000 Over 5 y^ars 487,971 1,154,798 Form F, R. 283a Released for publication Friday morning, December 17,1943* not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars): Increase or decrease since Dec, 8, 1943 Dec. 15, • ; 1943 ;Dec, 16, ■ -1942 ASSETS Gold certificates on hand and due from 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 b ills discounted Total b ills discounted Industrial advances U, S.Government securities, direct and guaranteed» Bonds Notes Certificates B ills Total U.S. Government securities, iiirect and guaranteed Total b ills and securities Due from foreign banks F, R, notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 19»643,265 193,940 299,473 - 52,750 + 15,123 ♦ 6,354 20, 136,683 * 31,273 -• 918,015 +. 172,619 + 3,915 - 741,481 90,127 a*m m - 17,766 — •• • + - 85,717 • 5,068 90,127 10,558 - 17,766 + 28 ♦ 80,649 3,955 1 , 588,969 676,900 2 , 186,250 6,561,570 + 4,222 - 34,000 '+100,300 - 72,737 - 1 , 152,155 - 659 *o64 +1 , 237,209 +6, 050,556 1 1 , 013,689 - +5,476,546 11,114,374 136 72,629 2,203,621 38,288 56,086 - 20,003 + 3,365 +563,753 + 1 - 1 1 ,-740 +5,553*240 ' + • 89 + 23,659 + 373,817 1*771 - .25*814 33,621,817 +504,103 +5,181,739 _ 16, 636,130 +103,336 +4, 617,027 12,932,082 379*481 1,441,750 • • 179»913 14,933*22.6 +363*029 -306,237 - 6,122 - 36*051 + 14*619 +380,415 + + - '2,265 % C A P I T AL ACCOUNTS Capital paid in. r Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL .ACCOUNTS Ratio of total reserves to deposit and F, R„ not3 lia b ilitie s combined Commitments to mak« industrial advances 1,614,405 9*291 33*193,052 1 F. R, notes in actual circulation Deposits* Member bank • reserve account UCS. Treasurer- general account Foreign* Other Total deposits Deferred availability items Other lia b ilitie s including accrued. dividends TOTAL LIABILITIES 151", 772 l6 o ,4 H 26,829 89*753 ' 35,621,317 •+ +502,616 -926* --56.1 ♦50U,ifl3 63,8% 8,865 a> B-' LI ABI L I T I ES + . 3% 130 585,005 366,364 639*931 -181,157 + 240,133 + 277,943 + 2,765 +5,137,873 + + + + 5,923 2,909 48 34,986 +5,181,739 - . 14.4% 1*843 Form F* R« 283*» ON DECEMBER 15, I 9U3 STA.TBMBNT OF CONDITION OF THE FEDERAL RESERVE BANKS (I n thousands o f d o lla r s ) ASS B T S Boston New York P hila. Cleve.. Sich*' Atlanta Chicago St.Louis Minn. Kans.Cy.. Dallas Sac Fran, • .* 935*912 5,4-36,419.1050,566 1,531,346 1040,506 921,179 3*915,675. 682,609 402,110 701,117 522,501 2,^ 53,325 22,702 23,483 22,046 21,029 ' 22,175 14,255 14,98-1 -19,805 6,158 9,356 8,367 9,558 24*594 71,635 . 22,547 22,31.5 17,:980 18,334 . 38,570 12, 144 9,785 13,665 9,903 38,006 Total reserves 20,136,683 1033,208 5,531,542 1095,159 1,574,690 1080,661 B ills discounted: Secured by U.S%Govf t obligations, i,3 4 o 3,650 direct and guaranteed 9 0 ,12 7 11,-615 5,774 58,745 Other b ills discounted Total b i lls discounted 90,127 10,558 Industrial advances U. S. Government securities 9 direct and guaranteed: Bonds 1 , 588*969 Kotes 676,900 Certificates . 2 , 186,250 B ills 6,561,570 Total II. S. Gov11 .securities;. direct and guaranteed 11,015,639 Total b ills: and securities Due from foreign banks F.R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS i i ,i ï 4 ,3 7 4 • 136 • 72,629 2 , 203,621 33,283 56,036 58,745 152 11*615 4,407 128,108 142,659 54,574 60,773 176,263 196*285 368,570 2, 342,086 135*830 57,363 186,839 437,453 5,774 344 3 1,325 166,992 2,671 4,075 1 / -55 11,802 451 ,-490 9,622 7,737 237,869 129,782 101*332 55,287 327,279 173*565 377,020 .251*951 123,946 52,301 170,535 137,813 390 714,558 418,053 724,138 540,791 2 , 500*889 7,900 33 20 83-, 15 20 . . . 1,000 224 3-34,057' H045,230 13 2*163 133,411 4,624 .4,119. 1,000 3,650 236 i,3 4 o •768,287 3*201*031 '813,035 1,043/500 774,405 3, 259, 92s 953,766 3,969,226 — Vi) O O Tots.1 Gold c e r t ific a t e s on hand and due from u. s . Treasury 19, 643,265 Redemption fund - F.R.notes 193,940 other cash299,478 — 4 181 144,433 61,550 193*796 864,03-3 76,990 60,635 32,798 25,331 105,929 83*424 236,553 .135,401 615,585 ' 535,095 1,263,667 * 502-,276 .305,291 619>471- 536,319 1*266,871 .6 17 5 •13 0,720 7,-201 '3,516 ' 9 ,*336 350*670 232,433 156,323 137*089 4*223 2,365 1*657 2,943 3,832 ,3,982 5,457 7,979 30 106,196 104,228 45,239 44,401 146,113 143,407 200,916 146,689 4,575 193,243 84,451 272,765 463,074 493,464* 438;725 1,013-, 533 510*176 305,472 •498,494 433,323 1 , 023,123 2 11 4 ! 4' 3 '4*900 3,708 ‘ 13,236 2,023 4,599 225,792 103,925 52,565 118*203 74*223 2,623 2,069 1,233 2,737 971 2,620 2,065 . 3,457 3*544 7 ,2 19 33,621,817.1982,679 9 , 272,176 2073,546 2,868,034 1873*272 1639,871 5 , 605,826 1338,251 781,463: 1351,632 1062,069 3,772*943 l / A fte r jdeciucting $ 8 i,0 0 0 p a r tic ip a tio n s o f other Federal Reserve'Banks
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