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Pown-g» R. 283 S T A T E M E N T R e l e a s e d F r i d a y f o r D u r i n g e y i n t h e i n i n a n d k ‘c r e d i t n o n m e m b e r b a n k s o f $ 7 o n 5 0 , u O O i n t h e y ^ a r i n e n d e d ^ w e r e i n * i a n k t h b T r e a s u r y b y o r e s e r v e n e a p k V E a r o s e o f G o v e r n o r s F e d e r a l R e s e r v e p a n d b a l a n c e s a n d o f a y s t e m 1 9 U l a v d e c r e a s e d i n c r e a s e s B a n k s , c a s h , 1 8 , S B A N K S f r o m i n c r e a s e s R e s e r v e b R R e s e r v e c u r r e n c y , t o R ¿ S E r e s e r v e s p a r t T r e a s u r y e s t i m a t e d m e m b e r F e d e r a l i n i n F E D E R A L 1 7 b F x i e r a l o f ¿ > 1 8 9 , 0 0 0 , 0 0 0 d e c r e a s e l i + 7 , 0 0 0 , 0 0 0 d e c r e a s e a c c o u n t s . E x c e s s r o x i m a t e l y | > 3 , o f i n , 0 0 0 R e s e r v e ¿ 1 2 1 , 0 0 0 , 0 0 0 r e s e r v e s 090 i n o f , o f 0 0 0 , a i n m e m b e r d e c r e a s e w o o k * i n S t a t e s 5 w o f f s e t c h a n g e 4 T H E $ ( 3 , 0 0 0 , 0 0 0 o t h e r t h e U n i t e d i n c r e a s e d C h a n g e s a n d 1 7 f o r m o m b o r d e p o s i t s s t o c J f , a n d C F D e c e m b e r i n a n d p r i n c i p a l $ 1 x 3 , 0 0 0 , 0 0 0 b o n d s I d N D I T I O N ^ 2 , 0 0 0 , 0 0 0 D e c e m b e r 0 0 J , O e n d e d r e a s u r y d e p o s i t s T h e o f T 50 $ 2 7 , 0 0 0 , 0 0 0 n w e e k c i r c u l a t i o n , B a t h e D e c e m b e r R e d u c t i o n s ^ 7 6 8 , 0 0 0 , 0 0 0 n > f 1 9 ; e a r l i e r . £ 7 2 2 , 0 0 0 , 0 0 0 . o P R E S S B o a r d D e c e m b e r C m T H E p u b l i c a t i o n m o r n i n g , n o t F O R 0 0 m e m b e r G o v e r n m e n t 0 , 0 0 J b a n D e c e m b e r h o l d i n g s k a n d o f r e s e r v e 1 7 # l y U l , o f b i l l s a n d s e c u r i t i e s s e c u r i t i e s , b i l l s b a l a n c e s w e r e d i r e c t d e c r e a s e d a s a n d w a s a n d a n i n c r e a s e g u a r a n t e e d : o f h o l d i n g s ¿ 2 , 0 0 0 , 0 0 0 . r e l a t e d i t e m s d u r i n g t h e w e e k f o l l o w s ; , I n c r e a s e o r d e c r e a s e s i n c e 17 j l ' ^ c . 1 9 , U U . U , S . S # c o m m i t m e n t s O t h e r R e s e r v e - D e c e m b e r B a n k 1 7 ) 1 0 c r e d i t Total Reserve Bank credit Gold stock Treasury currency Member banic reserve balances Money in circulation Treasury cash Treasury deposits with F. R.Banks Nonmember deposits and other F. R« accounts # 1 0 , IjC'C # 1 9 U 1 ( I n Bills discounted Government direct obligations Government guaranteed obligations Industrial advances (not including 15 million j.j e c 5 2,235 5 m i l l i o n s + + o f 1 - - 1 8 , 1 9 U 0 d o l l a r s ) ♦ 4 1 56 + 3 + 1 0 3 * 6 8 2,1x35 22,7U7 3*238 +1*^7 - 27 + 2 + + + 1 2 , 1 + 9 7 - 7 2 2 178 1 1 , 0 2 3 2 , 1 9 3 9^5 1 , 7 b 0 4 89 + 8 I 4708 - 1 2 1 127 81x9 157 - 1 , 3 0 7 + 2 , 3 0 7 - + - 1 1 355 2 1 1 Form F. R. 283-a R e l e a s e d f o r p u b l i c a t i o n F r i d a y m o r n i n g , D e c e m b e r 1 9 , 1 9 4 - 1 ; n o t e a r l i e r . STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n t h o u s a n d s o f d o l l a r s ) I n c r e a s e o r d e c r e a s e s i n c e D e c . 1 7 , I A S S E T S Gold certificates on hand and due from IL S. Treasury Redemption fund - F. R. notes Otner cash Total reserves I Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premisjs Other assets A S S E T S 1 0 , D e c . 1 9 4 1 - 34,999 1 8 , 1 9 ^ 0 - 855,235 3,358 24,238 4 834,355 4 700 - 7,323 - 45,588 4 2,831 2,473 ♦ 1,379 135 4 5,3^4 ♦ 4 9,711 1,244 61 1 ,452,070 777,300 10,370 + 45,270 — - 2,000 4 167,470 122,200 10,370 2 ,239,740 + 43,270 4 55,o4o 2,254,755 47 29,475 i,it49,c>34 41,154 41,150 + 44,453 4 58,873 - 2,596 +514,133 + 103 - h ,334 4 24,570,603 + 501,171 4l 8 ,014,326 + 175,929 42,130,751 12,497,269 925,258 852,905 629,780 14 ,905,212 1,271,261 - 722,119 + 708,117 - 82,148 - 48,918 - 85,068 +411,130 5,564 24,196,363 '- 1,973 + 500,018 20,754,368 Industrial advan c es U. S. Government securities, direct ana guaranteed: Bends Notes Bills Total U. S. Government securities, direct ancT guaranteed T O T A L 9 +1 20,516,016 liI,5ö 6 223,760 bills discounted* Secured by u. S. Gov’ t obligations, direct and guaranteed Other bills discounted Total bills discounted D e c . - 1,021 66 955 2,278 4 4 4 - 6,582 425,190 67 5,395 ,319,538 L I A B I L I T I E S F. R. notes in actual circulation Deposits: Member bank - reserve account U.S.Treasurer- General account Foreign Other deposits 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) Gthur capital accounts T O T A L R a t i o o f LIABILITIES AND CAPITAL ACCOUNTS t o t a l r e s e r v e s t o d e p o s i t n o t e l i a b i l i t i e s c o m b i n e d + 732 — U 4 ,171,899 356,995 4 435 - 1 4 1 , 3 1 6 , 2 8 2 3,824 5,345 54 5,859 4 l ,319,538 4 4 — ♦ - 21 4501,171 a n d F* Commitments to make industrial advances R . 142,037 157,065 26,735 48,353 24,570,603 -1,307,167 354,806 287,180 4 6.7,642 4 90 .6% 15,139 - .5; ♦ 202 . 1% 4 8,835 Form F. R. 283~b STATELIEST OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 17, 1941 (In thousands of d^ll^rs) ASSETS Total Boston New York Phila. Cleve. Gold certificates on hand and due from U. S. Treasury 20,516,016 1,171,897 8,152,557 1,268,1+00 1,662,792 Redemption fund - F.R.notes l4,53b 4,233 1,1+16 1,032 1,029 Other cash 223 ,7 o 6 23,269 44,857 13,357 15,231 l,3ol 11,1+84 Total reserves 816,231+ 564,562 5,459,5^7 j*i,204 376,172 555,281 425,850 1 ,505,378 20 ,754,368 1 ,199,399 8 ,198,830 1,282,789 1,079,052 Bills discounted: Secured by U* S. Gov’ t obligations, direct and guaranteed 2,831 Other bills discounted 2,¿4-73 Total bills discounted 25 -- 1*135 25 9^2 106 Rich. Atlanta l,l60 1,028 ifi+l Industrial advances 9*7H U. S. Government securities, direct and guaranteed* Bonds 1 ,452,070 Notes 777,500 Bills 10,370 1,887 1,105 3,390 239 112,194 60,059 801 380,421 203,041 2 ,717 114,580 61,535 818 143»¿94 76,920 1,026 Total ü. S* Gov’ t securities, direct~nd~güäTränt6ed 2/ 239,740 173,054 536,779 176,733 221,61+0 137,102 Total bills and securities 2 ,254,755 174,960 181,151 222,520 Due from foreign ban^s 47 F. R. notes of other banks 29,475 Uncollected items 1 ,449,654 Bank premises 1+1,154 Other assets 41,150 5 573 157,045 2,782 2,975 589,01+4 18 2,014 550,823 10,734 10,635 ■T 0 T A , L A S S E T S 4 2,095 194,555 4,451 4,463 — — bh, — 25 Minn. Ka.ns.Cy. Dallas San Fran. 805,459 51+9,586 5, '-(22,697 °15, ^95 571* 086 5i+U,203 1,340,094 503 1,239 ojk .1+12 777 532 1,328 14,475 35,651 1 ?. i+35 k , o ( U 10.301 11,090 23,956 — 332 109 5>30i+ 5 1,210 94,286 4,876 5,255 Chicago St.Louis 6 21 55 — 150 85 — 2,01+5 U5 18 150 7'0 21 55 150 2,130 195 29 769 i+72 3kl 500 519 87 272 130 88,925 1+7,602 635 61,092 33,025 197,13873,143 42 ,911+ 105,555 39,1:* 973 1,4-0 523 307 62,063 50,726 55,225 27,154 443 362 124,530 60,061 689 95,158 504,151 112 ,old 06,194 95,729 157,951 95,700 2 2 7,824 5,54! 111,655 60,576 1,952 2,9°4 1,720 2,695 304,513 113,5/3 0 1 5,252 2,o47 214,242 & s j^+9 ! 2,yo 0 d.5c^'Jb 1;9?0 5,170 OO,803 -* 1,2S9 51,535 1,54-1 1,275 97,946 44l 70,^42 192,080 73,709 l 1 631 2,454 53,964 49,36 0 cl .OO 0 1,144 1,669 1,459 192,259 4 2,790 100,604 2,772 5,395 24 ,57^,605 1,517,740 9 ,142,090 1 ,567,574 2 ,100,925 1,079,555 727,855 5,989,750 016,514 47^,495 719,195 >57,662 1 ,867,680 ♦Less than v:500. Forn F. R. 283-c ST^TEKENT OF CONDITION OF THE FEDER a L RESERVE B^KKS Olï DECEIiBER 1?, 1941 (In thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual cir culation 0 ,011+, 326 Deposits ; Member bank-reserve acct. 12 ,1+97,269 U . S . Treasurer-General acct. 925,25$ Foreign 552,905 Other deposits 629,780 Total deposits 14 ,905,212 Deferred availability items 1.,271,261 ether liabilities includ:ing accrued dividends 5,564 Novi York Phila. Clevo. 657 ,761+ 2,o'76,095 562,708 75Ö,2o7 422,039 272,172 l,o7ó,862 314,1+25 202,281 257,105 132,987 601,601 533,352 5,566,81+2 31+, 73I+ 245,251 31,901 340,1+57 503,655 9,1+55 693,75^ 61+, 911+ 01,332 16,833 953,281 85,546 77,11+0 25,694 460,885 316,602 1 ,810,676 343,351 175,301 333,292 301,067 157,071 49,336 33,^15 37,484 142,490 37,935 32,543 100,ol7 25,154 18,i+4f' 24,316 24,316 36,055 29,347 6, O40 10,214 9,343 3,420 1,093 7,679 8,379 957,770 29,439 63,703 27,932 709,502 6 ,656,235 876,829 1, l4l,66l Boston 124,149 279,250 93,059 171,604 606 1,585 I+24 595 Rich. Atlanta Chicago St;•Louis Minn* K ^ s . C y . Dallas San Fran. 542,604 306,871 2 ,074,412 1+28, 0O 5 241,511 393,512 369,566 1 ,078,904 79,00] 24,872 52,010 43,403 189,455 61,190 90,083 54,905 1ÓÓ 429 612 24 ,196,363 1,492,081 9,013,165 1 ,533,020 2, ;72,347 1 ,003,155 714,114 3 ,941,341 C A P I T A L A C C 0 U IT T S Japitul paid in li).,Óló 4,880 51,300 15,575 5,704 n,905 142,037 9,379 22,824 Surplus (Section 7, 10,906 5,247 5,725 157,065 15,144 11+, 323 5o,.+47 Surplus ''Section ljb) 7,070 1,007 1, 3,244 2,874 713 4,393 2o,785 8,501 ■.tier capital accounts 3,112 4,030 2,401 13,016 2,508 2,003 4->, 353 145 215 19Ó 373 468,309 707,042 546,152 1 ,039,964 O CO TCTa L LIABILITIES 153 4,4o6 4,925 533 2,077 2,999 3,152 1,000 2,533 4,595 3,ol3 1 ,13 s 2 , 007 4,357 3,974 1,263 1,916 11,021 10,785 2,121 2,939 Is.Tj±L LIABILITIES AKD Í.$ 570,603 cLl± JaPIT^L ACCOUNTS +, 51 7, 1ho 9 ,llx2,09ö l,567,574 2, 106,923 1 ,079,353 727,835 3 ,969,730 816,314 47o,i+93 719,195 557,002 1 ,867,080 "orjuitiaents to make industrial 23 1,500 3,230 1+Ó0 2,55o 1 ,11+1 913 1,777 1,050 1,202 23 459 advances 15,139 Oills discounted Industrial advances U. S. Government securities, direct and guaranteed Total 5,304 9,711 2 ,239 ,71+0 Within 15 days 2,709 3,239 lo to 30 days 231 520 1,000 MATURITY DISTRIBUTION OF BILLS AND SEC Jul t i e s Jl to 6l to 91 days to 6 months 1 Year 60 days 90 days 6 months to 1 Year to 2 Years 107 562 337 203 95,170 , 1 61+6 1,008 I4I+ 1,232 97,000 2 Years to 5 Years 1,569 1,370 21+7,200 1+77,000 Over 5 Years 1 ,322,370 Form F. R. 28}-d FEDERAL RESERVE NOTE STATETENT ON deceiver 17 , 1941 (ln thousands of dollars) T o t a l F e d e r a l R e s e r v e I s s u e d H e l d b I n t o y u r i a c t u a l t y G o l d d u e . c B i h o l d f o r a n k b y r c b y u l a t U . i o R . A r B a n k S . a s Total collateral o n T r e e n t a 8 140 7,56 5 , . 5 9 5 , 2 5 9 n i s s u e d p a p e r . a g e n t c e r t i f i c a t e s E l i g i b l e F R e s e r v e n o t e s f r o m o s ¿ 7 9 , t o n N e , 1 w Y o r k P h i l a . C l e v e . R i c h . A t l a n t a . C h i c a g o S t . L o u i s ¿ l i n n . K a n s . C y . D a l l a s S a n F r a n . n o t e s s F e d e r a l C o l l a t e r a l c F . R B 3 , 0 1 4 , 3 2 6 8 , 5 6 2 , 0 0 0 d , 2 4 5 3 2 2 6 8 , 2 5 5 92,14 0 u 5 o 7 , S 2 2 2 4 , 3 1 4 7 8 7 , 0 7 5 29,580 1+49 , $ 9 8 2 7 , 8 5 9 294,94$ 2 2 , 7 7 6 1 , 7 1 7 , 8 8 5 1 + 1 , 0 2 3 5 5 1 1 , 5 7 0 2 0 7 7 , 1 4 5 , 5 2 9 2 6 0 5 , 2 1 + 8 6 5 7,7 6 4 2 , 0 7 o , 0 9 5 5 6 2 , 7 0 8 7 5 8 , 2 o 7 1 + 2 2 , 0 5 9 2 7 2 , 1 7 2 1 676,062 3 1 4 , 1 + 2 5 2 0 2 , 2 8 1 2 5 7 0 0 , 2 , 1 8 5 , 0 0 0 6 1 5 , 7 9 0 , 0 0 0 1 + 7 5 , 0 0 0 5 0 0 , 0 0 0 1 , 7 4 0 , 0 0 0 5 4 0 2 0 2 7 , , 2 7 9 1 1 , 1 7 1 + 7 , 1 U+5,9^4 7 6 8 , 5 3 d 1 2 , ¿ 9 7 3 6 , 9 8 7 0 5 1 5 2 , 9 3 7 6 c l , 6 0 1 1 5 2 , 0 0 0 7 8 4 , 0 0 0 s e t o b a n k : h a n d s u r y a n d 4,4l5 0 0 0 2 5 1 , 1 6 0 0 0 0 9 2 2 — — — — , 0 0 0 5 4 1 1 , 0 0 150 0 , 0 0 0 2 , 1 0 4 8,566,1+15 700,025 2,180,160 615,922 790,0u0 475,000 3^0,000 1,740,000 31+0,054 211,150 272,104 152,000 784,0j0
@FedFRASER