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STATEMENT FOR THE PRESS Form Fí R. 283 Released for publication Friday morning, Deo, 3» not earlier. ' Board of Governors "the Federal Reserve System December 2, 1943 CONDITION OF THE FEDERAL RESERVE BANKS I During the week ended December 1 member bank reserve balances increased $160,000,000. Additions to member bank reserves arose from decreases of $204,000,000 in Treasury deposits with Federal Reserve Banks, $109,000,000 in nonmember deposits and other Federal Reserve accounts, and an increase of $82,000,000 in Reserve Bank credit, offset in •part by increases of $214,000,000 in money in circulation and $4,000,000 in Treasury cash and a decrease of $16,000,000 in gold stock. Excess reserves of member banks on December 1 were estimated to be approximately $1,100,000,000, an# increase of $60, 000,000 -for the week. There was an increase of $83»000,000 in holdings of United States Govern* ment securities. Certificates increased $66,000,000, notes $13,000,000, bonds $3,000,000, and b ills $1,000,000. Changes in member bank reserve balances and related items during the week and the year ended December 1, 1943» were as follows« Increase or decrease since Dec. 1, 1943 Nov. .27, 1943 Dec, 2 1942 (In millions of dollars) B ills discounted U. S, Government direct obligations U. S. Government guaranteed obligations Industrial advances (not including 10 million commitments - December 1) Other Reserve Bank credit 53 10,370 77 Total Reserve Bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation. Treasury cash Treasury deposits with F. R, Banks Nonmember deposits and other F. R. accounts + + '+ 5 Ó9 14 - 7 10,874 22,065 4,101 + - 82 16 •12,562 19>940 2,299 275 1,963 + 160 + 211* ♦ 4 - 204 169 12 362 9 mm + '44 +5,252 ♦ 55 + 3 66 +5,414 - 678 + 720 - 278 +5,092 + 56 + 181 + 404 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BiiNKS ON DECEMBER „ I , I9I4.3 (In thousands o f d o lla rs ) Boston New York P hila. Clave. Rich.. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. if'orra P. R. 283c Total L I a B IL I T I E S P. R. notes in actual c i r culation 16,342,894 1120,555 3^604,5311108,311 1,447,677 1103,297 914,115 3,069,716 699,434 575,951 593,310 408,491 D eposits: Member bank-reserve a c c t. 12,561,796 600,561 4,150,367 628,924 976,995 516,814 502,652 1*935,614 438,894 285,354 588,714 507,679 U.S.Treasurer-general a c c t. 275,216 15,811 24,054 11,866 19,207 20,469 26,941 25,507 23,684 17,903 14,927 47,253 122,546 46,621 162,507 57,277 39>901 29,305 37,297 39,961 Foreign 1,421,834 32,427 1/626,047 126,542 6,272 8,291 6,202 4,712 other 207,691 ; 4,156 “ 101,708 3,755 10,847 9,170 3,777 6,394 Total deposits 14,466,537 652,955 4 ^ 0 2 ,1 7 6 771,087 1,133,339 607,304 567,977 2 , 151,768 513,386 341,732 651,420 572,820 Deferred a v a ila b ilit y items 1,374,011 105,895 80,684 204,293 78,589 156,400 105,571 65,974 28,657 80,794 44,789 278,807 Other l i a b i l i t i e s including accrued dividends 368 294 5,718 396 1,051 314 214 213 8,390 714 727 785 TOTAL LIABILITIES 32, 191,832 1880,190 8, 788,232 1958,701 2,739,143 1816,466 1563,172 5,426,828 1279,108 746,553 1325,c9 2 1026,314 5,229 Capital paid in 4,973 4,596 16,758 6,078 5,450 55,781 11,696 4,677 15,524 150,773 9,769 5,221 4,966 5,256 Surplus (S ection 7) 58,001 15,670 22,925 5,615 4,085 160,411 11,.160 14,767 5,725 1,000 550 Surplus (S ection 13^) 1,429 26,829 2,374 7,070 4,595 1,007 1,157 1,507 5,244 717 15,542 4,542 5,825 Other capital accounts 5,902 5,505 5,705 88,850 5,778 5,894 25,097 6,571 8,581 T0T*.iL LIABILITIES AKD Ca PIT.iL xÆCOUNTS 52,618,695 1909,771 8,954,181 1997,051 2,778,022 1835,566 1578,958 5, 481,262 1295,106 757,708 1339,5221059,605 Commitments to make in du strial --— 3,000 advances 100 770 557 9 2,114 9,887 700 F. R* notes outstanding C olla teral fo r F.R.notes held by F*k#Jigcnts: Gold c e r t ific a t e s E lig ib le paper U^S^Gov* t se cu ritie s 16,846,040 1144,750 5,719,850 1158,617 1,431,458 1152,504. 962,066 5,113,522 13, 815,000 44,190 5, 250,067 752,000 5, 565,ooo 17,240 1,565 400,000 550,000 Total 52,695 11,50 6 Within 15 days 45,540 10,060 790,000 1,085,000 — 7,510 400,000 550,000 16 to 50 days 2,690 57 B ills discounted Industrial advance^ U* S^ Government s e c u r itie s , d ire ct and gu ar^ tced 836,682 10,447,080 1,449,475 1 / A fte r deducting 850,000. 700,000 2, 860,000 — — 425: 500,000 300,000 500,000 728,510 38l , 4o6 1,997,506 1 , 429,229 27,594 101,343 42,407 1,600,573 143,558 596 3, 6/42,253 12, 277 11,044 2, 121 /■ 0, 510 5,674*185 2 , 857 612,351 454,343 1,992,518 425,000 283,000 520,000 --2,000 15,850 555,067 100,000 100,000 286,000 1,974,000 — 150,000 175,000 hi*.TURITY DISTRIBUTION OF BILLS; AND SECURITIES 9 1 , days to 1 to 2 2 to 5 ‘ Over 6 months 51 to 61 to 6 months to 1 year years years 5 years 90 days 60 days — — -— — 5,500 1,565 -— 231 26? 105 501 178 77 211,400 702,971 , 1,158,116 792,500 1,,115,650 2,071,895 2,081,595 $794,886,000 p a r tic ip a tio n s o f other Federal Reserve Banks. Form F, h. 233a Released fo r publication Friday morning, December 3,1943I not e a r lie r , STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS C,OMBINED ,(In thousands of dollars) Increase or decrease since Dec. 1, 1943 Nov. 24, 1943 Dec, 2, 1942 ASSETS Gold certificates on hand and due from U. S. Trfea'sury 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 Bills Total U. S» Government securities, direct and guarUiri^ed Total b ills and securities Due from foreign banks F. R. notes of other batiks Uncollected, items Bonk premises Other assets TOTAL ASSETS 19 , 738,515 157,796 306,988 20, 203,299 - 45,700. + 27,390 - 3,161 816,098 + ' 139,706 + 75,822 - 21,471. 600,570. 52,695 — + 5,085 — + - 48,690 5,000 ‘ 52,695 11,506 + 5,085 + 43,690 - 3,471 170 • 1,572,287 705,900 1 , 909,650 6, 259,243 + 3,069 + 12,500 + 66,100 + 1,536 987,150 - 657,437 +1,127,926 +5.823,876 j.0*,447,080 + 83,205 +5,307,215 10, 511 , 23.1 136 65,990 1,736,308 38,287 63,394 •+ 33,120 -- 1,544* +114,365 62 + 275 +5,347,434 89 + 23,418 240,974 1,775 26,358 32^6^ ,695 +179,683 +iw988,2l2 16,342,894 +211,512 ^ ,5 3 5 ,0 1 6 12 , 561,796 275,216 1,421,834 : 207,691 14,466,537 1,374,011 +159,879 -203,993 + 23,430 -133,123 -153,807 +12i,o43 - * • 8,390' 32, 191,832 + 100 +179,843 + 269 + L I A B I L I T I E S ........ ' ■■ iii.i.f » . , . . ....■ ........ .... F, R„ notes in actual circulation . Deposits; Member bank - reserve account U. S. Treasurer - general account Foreign Other Total deposits Deferred availability;items Other lia b ilitie s including accrued dividends. . TOTAL LIABILITIES C API T AL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) . Other capital acoounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note lia b ilitie s combined Commitments to make industrial advances 4 150,773 160,411 26,829 33,350 32,618,695 65. 6% 9.837 + — + 566 +179 »'683 + .2% 155 277,864 180,935 505,248 175,581 ♦ 232,739 + 174,640 + ♦ 2,390 +4,944,784 . 5,320 2,909 + .40 ♦ 3 5,i5i ^ ,9 8 3 ,2 1 2 • — 14,3% 832 Form F, h. 283b STATEMENT OF CONDITION OF THE FEDERAL 'RESERVE BANKS ON' DEGE13ER 1, I9U3 ( In thoussnus .o f d o lla r s ) ASSETS . Total^ . Boston 3Sew' York Cl eve..;; Phila. Rich.: Gòld c e r t ific a t e s on hand and due from U.S. Treasury 19,733,515 1Q04,739 5,277,059 1095,646 1,589,55? ..1085,555 Redemption fund - F.R.notes ' 157,796 21;257 19,105 17,907 è0;,987 - 19:» 165 Other cash 22,901 : 18,294 24,018 24,926 . 74,281 506,^89 Total reserves 20, 203,299 1050,552: 5,570,502 1157,767 1,655^470, 1121,754 B ills discounted* ♦-* Secured by U.S. Gov’ t ob lig a tion s, i 425 direct.and guaranteed 680 17,240' 7,510 1,565 52,695 , Othejr b i l l s discounted — — — T ota l•b i l l s discounted- 5?,69 5 1,565 17,24o 7,510 680 Industrial advances 11,506 U. S. Government se cu ritie s * d ire c t and guaranteed* Bonds 1,572,287 Notes 705,900 C e rtifica te s 1 , 909,650 B ills 6, 259,245 Total U.S. Gov’ t secu rities f . . . airfect and guaranteed. 10,447,080 1,427 152 4,217 590 95,728 144,647 64,941 37,551 .101,690 175,686 335,207 2,917,562 246,527 155,555 110,682 6o>7 óo • 299,420 164,575 274,559 579,953 718,431 5, 140,571 740,419 ' 95.1487 i Total b i l l s and s e cu ritie s . 721,275 5, 157,965 , ; -, 75I ,.946 : 952,257 ; 13 •13 5,616 2,o55: 95,868 194,770 . 4,624 4,223 '4,7!?8 9,673 Due from foreign banks F.R. notes o f other banks U ncollected items Bank premises Other assets TOTAL ASSETS 10,511,291 Ì56 5 65,9901,596 1,756,508 128,576 2,671 58,28.7 5,100 65,594 .1 / 55 9.962 379,455 9,622 . ' 6, ¿24 ■ ♦ * 425 Atlanta- Chicago at.Louis Minn.. Kahs.Cy. Dallas San Fran. ’ 94?', 559 .5 , 976*020 700,355-425,799 • 752,250 542,804 2,446,451 1,2 31 19,376 5,186 6,680 15,678 5,413 ' 3,455 40,823 15,798 n ,3 5 7 9^579 9,592 39,085 19,245 974,492-.5,916,556 771,451 560,651 2,495,954 1,025 —- 6,900 — — ;■ —— 15,350 —— — —— 2,000 —— 6,900 --- 15,950 — 2,000 ' 1,025 226 257 150,168 58,441 158,097 159,028 4 156,965 61,492 166,355 912,258 . 574,995 .485,754 1 » 277 ,o48 ' 154,051 60,175 162,795 217,994 732,068 440,552 — 195 76,828 61,716 34,493 27,703 95*515 74,^57 255*155 107,906 '• 459,787 272,287 575,655 492,760 1 , 277,052 475,657 272,470 2 - 6 ‘ 1.7 5 2,419 7,510 . 5,516 7,856 : 7,152 122,446 98,500 271,579 74,869 39,764 2,864 1,293 2,069 1,657 2,945 ‘4,746 : : 4,582 6 , io 5: 5,144 '2 ,4 1 8 » — —— — 15 4,625 109,235 108,958 49, o64 48,913 152,755 152,554 161,76 1 122,908 204,103 91,635 247,899 436,975 50 452,845 4 15 .118 454,875 414,153 4 5,257 100,996 2,757 4,224 4 5,316 56,579 971 4,144 _________ . 980,612 985,237 11 9,975 174,509 2,623 7,876 ________________ 32,618,695-1909,771 8,934,1.81 199.7,-P3:1 2 , 778,022 1855,366 1578,938 5,481,-262 1293,106 757,708 1339,5221039,603 5,674,185 l / A fte r deducting $81,000 p a r tic ip a t io n s o f other Federal Reserve Ba.iks*
@FedFRASER