The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form F. "R. 283 STATELIEST FOR THE PRESS Released for publication Friday morning, Dec* 20; not earlier* Board of Governors of the Federal Reserve System December 19, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 18 member bank reserve balances decreased $348,000,000. Reductions in meaber bank reserves arose from increases of $91,000,000 in money in circulation, $335,000,000 in Treasury deposits with Federal Reserve Banks, $7,000,000 in Treasury cash and $25,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $65,000,000 in Reserve Bank credit, $40,000,000 in gold stock and $4,000,000 in Treasury currency. Excess reserves of member banks on Dacenber 18 were estimated to be approximately $6,400,000,000, a decrease of $390,000,000 for the week. Changes in member ban:: reserve balances and related items during the week and the year ended December IS, 1940, were as follows: Increase or decrease since Dec. 18, 1940 Dec. 11, 1940 Dec. 20, 1939 (In millions of dollars) Bills discounted U. S. Gov't securities,direct and guaranteed Industrial advances (not including 6 million comnitments - December 18) Other Reserve Bank credit 4 2,184 - 1 - 4 - 312 4 19 — A 7 110 + 66 - Total Reserve Bank credit Gold stock Treasury currency 2,306 21,898 3,081 + 65 + 40 + 4 - 339 +4,322 + 122 Tionber bank reserve balances Honey in circulation Treasury cash Treasury deposits with F.R. Banks Ifomeribor deposits and other F. R. accounts 13,804 8,716 2,204 570 1,991 -348 + 91 + 7 +335 + 25 +2,426 +1,037 - 207 - 12.4 + 973 Form 7. R. 283~a Released for publication Friday morning, December 20,1940; not earlier. STATELIEST OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COI.IBINED (in thousands of dollars) Increase or decrease since ASSETS Gold certificates on hand and due from U. S.TreasuryRedemption fund - F. R. notes Other cash Total reserves Bills discountedl Secured by U. S, Gov't obligations, direct and guaranteed Other bills discounted Dec, 18, 1940 Dec. 11, 1940 Dec. 20, 1939 19,660,781 11,228 248,004 19,920,013 + 31,001 287 - 21,518 + 9,196 +4,526,162 + 1,255 6,425 +4,520,992 1,810 2,539 447 10 + + — Total bills discounted 4,349 Industrial advances U. S. Government securities, direct and guaranteed: Bonds Notes Total U. S. Government securities, direct and guaranteed 7,433 1,284,600 899,500 Total bills and securities 2,195,882 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 22,893 1,024,464 41,22.1 46,545 + 1,428 +238,806 + 1 - 12,502 23,251,065 +236,433 +4,339,32.5 5,883,575 + 64,242 + 13,804,436 570,452 1,140,085 562,138 16,077,111 914,266 -348,018 +334,984 + 34,505 - 19,669 + 1,802 +172,708 5,129 22,880,081 - 2,632 +236,120 131 +4,309,660 138,213 151,720 26,839 54,212 23,251,065 + + + TOTAL ASSETS 437 59 - 133 4,248 — + - - 2,184,100 496 4,115 3,706 — 21,403 333,725 — 312,322 _ 320,143 _ _ + - — 3,023 146,562 964 13,099 LIABILITIES F. R. notes in actual circulation Deposits I Member bank - reserve account U. S. Treasurer - General account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES CAPITAL ACCOUIITS Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to iaake industrial advances 90.7% 6,304 269 — — - + 44+236,433 - »2% 125 903,725 +2,426,272 123,113 + 727,326 + 210,215 +3,240,700 + 165,366 - 2,779 2,568 425 + 15,743 +4,330,325 + A.3$ 2,970 florin F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 18, 1940 (in thousands of dollars) ASSETS Total Boston New York Phila. CIeve. Rich. Atlanta Chicago St Louis Minn, X 31s. Cy. Dallas S;an Fran. Gold certificates on hand and due fron U. S. Treasury 19,660,781 1,145,923 9,658,768 1 ,045,607 1,322,252 544,680 374,082 2,897,781 490,502 309,450 426,359 283,853 1 ,161,52; 1,279 Redemption fund - F.R.notes 11,228 670 521 1,241 741 1,861 359 1,41: 1,183 1,333 190 433 23,952 14,958 15,937 15,939 Other cash 248,004 52,857 30,622 14,358 5,952 13,692 12,793 29,4o: 17,541 Total reserves 19,920*013 1,171,154 9,712,866 1,064,331 1,337,951 562,478 390,691 2,929,736 505,050 315,761 440,434 297,167 1 ,192,34^ Bills discounted: Secured by U.S. Gov't obligations, direct and guaranteed 1,810 Other bills discounted 2,539 622 544 198 286 110 163 35 41 2 37 15 195 415 78 109 161 215 920 4 45 6< 1,166 1,768 484 Industrial advances 7,433 U. S. Government securities, direct and guaranteed: Bonds 1,284,600 Motes 899,500 85 980 2,093 273 236 76 783 39 338 210 265 493 5 270 236 1,135 86 49 82 6< 56: 92,213 64,568 379,572 265,783 107,638 75,369 128,649 68,168 49,278 90,082 47,732 34,506 146,651 55,508 36,611 62,958 49,948 102,688 j>o , vjOo 25,636 44,085 34,974 107,40£ 75,20*: Total U. S. Gov*t securities* direct end guaranteed 2,184.100 156,781 645,355 183,007 218,731 115,900 83,784 249,339 94,376 62,247 107,043 84,922. 182,6V. Total bills and securities 2,195,882 157,846 185,584 3 631 91,246 2,838 3,089 219,240 11.6,759 84,161 2 4 2 2,560 1,922 2,727 118,201 85,923 36,346 5,412 2,586 1,995 1,728 5,145 2,753 249,814 94,874 62,753 108,264 85,053 * 6 1 1 1 2,732 490 3,592 955 1,590 153,086 53,794 21,781 41,320 35,915 2,428 1,369 3,065 1,108 3,328 4,908 1,859 1,344 2,106 2,551 183,24.' Due from foreign banks 47 F. R. notes of other banks 22,893 Uncollected items 1,024,464 Bank premises 41,221 Other assets 46,545 648,289 18 2,234 253,326 9,721 13,079 Total bills discounted TOTAL ASSETS 4,349 85 — — 5 1,066 71,065 4,513 3,815 / ?,39< 62,46: 2,S5^ 4,16* 23,251,065 1,426,807 10,639,533 1,330,379 1,687,875 773,228 517,483 3,344,470 660,738 403,963 596,830 422,285 1,447,47' *Less than $500. Form F. R. 283-b STATELIEST OF COLIDITIOLI OF THE FEDERAL RESERVE BANKSOKNOVEMBER27,1940 (In thousands of dollars) LIABILITIES total F. R. notes in actual circulation 5,883,575 Deposits t Member bank-reserve acct.13,804,436 U.S.Treasurer-General acct. 570,452 Foreign 1,140,085 Other deposits 562,138 Total deposits 16,077,111 Deferred availability items 914,266 Other liabilities including accrued dividends 5,129 Boston New York Phila. 475,697 1,562,232 409,376 539,891 280,476 194,890 1,247,569 2,19,590 158,107 209,327 96,660 489,760 751,995 7,366,275 20,805 276,808 55,088 641,521 8,110 451,788 679,144 33,500 75,841 30,465 893,213 340,574 226,141 1,744,769 332,577 176,955 284,375 233,665 32,536 17,365 14,978 67,505 15,135 19,608 22,344 22,808 71,972 33,277 27,086 92,867 23,217 17,026 22,443 23,217 4,853 5,221 5,154 5,064 7,187 5,888 12,572 1,912 774,753 27,060 56,530 23,924 835,998 8,736,392 89,029 211,828 818,950 1,002,574 396,437 273,359 1,910,205 378,116 219,477 341,734 281,602 67,388 109,831 80,011 35,579 138,878 51,184 16,576 34,437 31,981 882,267 47,544 508 1,583 491 Cleve. 588 Rich. Atlanta Chicago St.Louis Minn. Kcais.Cy. Dallas San Fran. 185 186 Do i 137 L72 182 174 336 TOTAL LIABILITIES 22,880,0811,401,232 10,512,035 1,296,205 1,652,884 757,109 504,014 3,297,239 649,027 394,332 585,680 410,417 1,4.19,907 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 138,213 151,720 26,839 54,212 9,334 10,405 2,874 2,962 51,091 53,326 7,109 15,972 11,880 14,198 4,393 3,703 14,191 14,323 1,007 5,470 5,361 5,247 3,246 2,265 4,693 5,72 5 713 2,338 14,259 22,824 1,429 8,719 4,184 4,709 533 2,280 2,977 3,152 1,001 2,501 4,456 3,613 1,142 1,939 4,168 3,974 1,266 2,460 11,619 10,224 2,121 3,603 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,251,065 1,426,807 10,639,533 1,330,379 1,687,875 773,228 517,483 3,344,470 660,738 403,963 596,830 422,285 1,447,474 Commitments to make industrial advances 6,304 247 704 1,025 787 539 6 24 -427 51 35 4 2,455 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 2 Years to Over Within 16 to 31 to 61 to 91 days to 6 months 1 Year 60 days 90 days 5 Years 5 Years Total 15 days 30 days 6'months . to 1 Year to 2 Years Bills discounted 698 46 2,111 762 229 4,349 503 Industrial advances 1,476 565 1,518 1,328 86 2,152 95 213 7,433 U. S. povernr.ient securities, 181,800 2,184,100 58,300 100,000 74,800 633,400 1,135,800 direct and guaranteed I Forn F. R. 203-d FEDERAL RESERVE HOTE STATE35ENT OK DECEMBER 18, 1940 (in thousands of dollars) Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Federal Reserve notes: Issued to F.R.Bank by F.R.agent Held by Federal Reserve Bank 6,190,277 494,331 1,641,232 429,158 562,127 291,681 216,486 1,277,531 231,357 162,911 218,018 106,442 559,003 306,702 18,634 79,000 19,782 22,236 11,205 21,596 29,962 11,767 4,S04 8,691 9,782 69,243 In actual circulation 5,883,575 475,697 1,562,232 409,376 539,891 280,476 194,890 1,247,569 219,590 158,107 209,327 96,660 489,760 Collateral held by agent as security for notes issued to benkf Gold certificates on hand and due fron U. S. Treasury Eligible paper Total collateral 6,302,500 500,000 1,665,000 440,000 565,000 315,000 220,000 1,300,000 234,000 163,500 220,000 111,000 569,000 3,045 85 761 38I - 35 - - 465 230 1,080 - 6,305,545 500,085 1,665,761 440,381 565,000 315,035 220,000 1,300,000 234,465 163,730 221,088 111,000 569,000
@FedFRASER