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Form F , .R. 283 STATEMENT FOR' THE PRESS Released for publication Friday morning, Dec. 24} not earlier, Board of Governors of the Federal Reserve System December 23, I 9J4.3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended December 22 member bank reserve balances decreased $255*000,000. Reductions in member bank reserves arose from increases of $588,000,000 in Treasury deposits with Federal Reserve Banks, $243,000,000 in nonmembor deposits and other Federal Reserve accounts, $147*000,000 in money in circulation and $32, 000,000 in Treasury cash, offset in part by an increase of $755,000,000 in Reserve Bank credit. Excess reserves of msmb.^r banks on December 22 were estimated to be approximately $920, 000,000, a decroase of $320, 000,000 for the woek.There was an increase of $537*000,000 in'holdings of United States Govern ment securities. Bills increased $425,000,000, certificates $87,,000,000 and bonds $25, 000, 000. Changes in member bank rasorve balances and related items during the week and the year ended December 22, 1943* were as follows* Incroase or decrease since Dec. 22, 1943 Doc. 15, 1943 Dec. 23, 1942 (In thousands of dollars) Bills discounted 70 U.S. Government direct obligations 11,471 U.S. Government guaranteed obligations 3j0 Industrial advances (not including 9 million commitments - December 22) 10 827 Other Reserve Bank credit -■ 20 ♦ 537 + 60 +5,877 + 47 - + Total Reserve Bank credit Gold stock Treasury currency 12,459 22,oo4 4,097 + 755 — -- +6,167 - 731 + 528 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with Fr R, Banks Nonmember deposits and other F.R,accounts 12,677 20,382 2,325 967 2,208 ♦ + + + 255 147 32 588 243 - 452 ♦5,053 + 143 + 470 + 749 0i r0o OJ 1 4 136 Form F* R. 233c L I A B I L I T I E S Total F. R. notes in actual c i r culation 16, 808,728 D epositsi ¿¿ember bank-reserve a cct. 12,677,107 Ü.S, Treasurer-general a cct. 967,388 Foreign 1,486,389 Other 377,776 Total deposits 15,508,660 Deferred a v a ila b ility items 1,622,619 Other l i a b i l i t i e s including accrued dividends 9,535 TvjTAL LIABILITIES 33,949,542 Capital paid in 153,187 Surplus (S ection 7) 160,411 Surplus (Section ljb ) 26,82=? other ca p ita l accounts 90, 121* TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 34,380,093 Commitments to make in du strial advances 8,894 F. R* notes outstanding C ollateral for F*K.notes held by F.R.¿agents j Gold c e r t ific a te s E lig ible paper U. S. Gov11 s ecu rities 1154,544 3,736,738 1148,938 1,503,568 1139,984 635,597 4, 209,051 50,722 149,664 34,463 1/655,947 272,333 3,742 724,524 5,287,050 281,487 84,457 999,272 614,253 63,221; 82,1+04 127,796 131,963 9,666 11,013 325,458 1 ,.219,138 182,506 93,763 511,130 109,421 59,731 4,605 684,387 135,175 13 , 676,000 62,326 3,975,338 939,202 3, 149, 4,68 721,055 383,768 603,515 408,287 1 ,919,661 511,609 1,929,013 31,276 123,732 43,618 169,469 3,628 6,149 645,131 2,228,363 244,625 123,342 437,810 289,736 55,106 54,978 41,673 30,560 9,961 10,600 544,550 385,874 33,250 33,512 571,918 519,145 1,443,568 75,365 48,397 67,599 105,602 33,894 41,673 2,650 41,872 1,497 683,174 611,865 1,663,641 193,734 100,979 60,789 366 700 303 273 910 817 433 333 - 1,175 3,041 775 349 1964,300 9,303,316 2063,976 2, 906,122 1960,395 1708,058 5,<=23,636 1349,163 308,432 1393,101 1081,307 3,777,73'6 6,121 5,006 11,686 15,568 5,438 17,516 4,693 4,653 12,353 3,235 57,129 9,789 22,925 3,221 4,966 11,160 53,001 15,670 5,236 3,613 4,083 11,044 14,767 5,725 2 ,12 1 1,000 1,429 530 1,307 7,070 3,244 1,137 1,007 717 2,374 4,393 4,024 3,762 8,312 13,204 3,424 6,651 6,730 3,941 5,930 4,434 3,879 25,233 1994,053 9,455,799 2107,455 2 ,946,276 1979,430 1723,9 62 5^678,710 1363,231 819,650 1406,7 9 8 1094,774 3, 809,905 — 9 1,779 100 770 17,409,779 1191,223 3,355,087 1179,920 1,547,390 1168,773 -- -- 337 994,556 3, 217,100 -- 754,404 391,566 3,000 -- 70,045 10,393 551,391 1,334,446 2,899 027,601 444,065 2,038,089 705,000 1 , 050,000 800,000 675,000 2,960,000 400,000 245,000 420,000 236,000 1 , 874,000 -— -— 7,286 1,000 — 4,100 1,601 14,500 200,000 150,000 230,000 :175,000 300,000 395,338 475,000 500,000 400,000 350,000 MATURITY DISTRIBUTION OF BILLS AND ¿ËCUhITIES 2 to 5 1 to 2 Over 6 months 9 I days to 31 to 6l to 16 to 5 years years years to 1 year 6 months 9O days 60 days 30 days — — — — — 8,000 6,200 695 —— 250 264 20 114 89 32 1^147 746,000 3,515,000 25,250 8,589 450,000 350,000 Within 15 days 55,150 3,477 Total B ills discounted Industrial advances U. S.. Government se cu ritie s, d ire ct and guaranteed STATEuüNT 0F CONDITION OF THE FEDERAL- RESERVE BANKS ON DECEMBER 22, l$k3 (I n thousands o f d o lla r s ) P hila. Cleve. Boston New York hich. Atlanta Chicago St.Louis Hinn. Kans.Cy. Dallas San Fran. 997,873 2,560,763 2,441,335 1,149,000 1,175,750 l / A fte r deducting £329,263,000 p a r tic ip a tio n s o f other Federal Reserve Banks. 223,500 437,971 1 , 180,253 For* F. R, '233** Released for publication Friday morning, December 24,1943*. not earlier, .Statement of condition OF THE TWELVE FEDEHAL RESERVE BANKS- COMBINED ( In thousands o f d olla rs) Increase or decrease since . Dec,. 22, 1943 ‘ Dec. 23 } 1942 Dec. 15, * 1943 AS S ETS Gold c e r t ific a t e s on hand and due from U. S, Treasury Redemption fund - i1’. R.- notes Other cash Total reserves B ills discounted* Secured by U.S. Gov*t ob liga tion s, d ire ct and guaranteed Other b i l l s discounted Total b i l l s discounted Industrial advances U. S, Government'securities, d ire c t and-guurcoiteed* Bonds Notes •C ertificates B ills Total U.S. Government se cu r itie s , d ire c t and guaranteed Total b i l l s und.secu rities Due from foreign banks F.; R, notes o f other banks Uncollected items Bank premises . Other assets TOTaL ASSETS L I A B I L I T I E S F. R. notes in actual 'circu la tio n Deposits» kember bank - reserve account U. S. Treasurer - general account Foreign Other Total deposits ; Deferred a v a ila b ilit y items Other l i a b i l i t i e s including . accrued dividends TOTAL LIABILITIES C A P I* T A L - a C C 0 U N T S Capital paid in,' *^ • Surplus (S ection 7) Surplus (S ection 13*0 Other capital. acc9iints TOTAL LIABILITIES AND CAPITAL' ACCOUNTS Ratio o f to ta l reserves to deposit and F. Rt note l i a b i l i t i e s combined Commitments to make in du strial udvances 19, 628,260 207,013 •3)1.426 - 15,005 + 13,078 - - 8,052 20,126,704 - 70,045 70,045 10,393 - 911,392 + ; 175,296 32,962 - 769,053 9 »979, * 20,*032 -- 20,032 ' 165 + + 64,617 5*066 59*551 3,700 • 1,614,424 676,900 . 2, 272,350 ; . 6, 937,217 + 36,600 +425,647 1 1 , 551,391 +537,702 +5»924»494 11 , 631,329 +517,455 + 25,455 — V -1,161,287 - 659*314 +1,31-6,868 +6,428,227 « 136 76,264 2,449,221 38,353 ‘ '57, 586 + 3,635 +245,600 + 65 ♦ 1,500 +5, 980» 345 + 89 + 24,719 + 705,074 1,670 27,325 34,380,093: +759,276 +5,912,174 16,808,723. *172,598 +4,653,322 12,677,107 ■ 967,338 .1,486,339 377,776 15,508,660 1,622,619 -254,975 +537,907 + 44,639 +197.863 +575,434 + 3,214 - 451,833 + 470,334 + .691,347 - -18,651 +T 691,192 • - # 9*535 33,949,542 + 244 +756,490 -- • 153/187 '160,411 26,32-9 90,124 34,380,093 •+ 62.3% 8,894 + 1,415 — + 371 : +7.53,276 :+ ' + ' 2,940 ;+5,867,232 '+ 7,188 + 2,909 .+ 48 + 34,797 V5, 912,174 - 29 519.278 15.2% 1,956 Fopm F. R. 283b STATEMENT OF CONDITION OF. THE'FEDERAL RESERVE BANKS ON DECEMBER 22., I 943 (In thousands o f d o lla r s ) • a SSETS Total Boston New York Phila. Cleve. Rich. GoI’d c e r t ific a te s on hand and due from U.S.Treasury 19,628,260 1011,664 5,534,548 1045,327 1,525,927 1063,010 Redemption fund notes 207,018 23,153 22,615 24,394 21,273 25,933 Other cash 291,426 19,104 66,985 22,769 19,773 24,953 Total reserves 20, 126,704 1059,232 5*624,691 1092,490 1 , 570,964 1103,056 B ills discounted* Secured' by U.S.Gov^t ob liga tion s, d ire ct and guaranteed 1,601 l,.6l6 4,100 25,250 . 70,045 8,589 other b i l l s discounted — — — — — — Total b i l l s discounted Industrial advances U. S* Government secu rities d ire ct and guaranteed: Bonds Notes C ertifica tes B ills Atlanta Chicago St.Louis ¡¿inn. ■Kans.Cy. Dallas San Fran.. 938,233■3,341, I38 14,378 17,156 37,290 18,712 666,852 392,577 694,673 511,094 2 , 403,217 19,772 8,362 10,501 7,64511,331 38,232 12,519 8,453. 12,973 10,-613 974,101 3,093,306 699, 143. 403,675: 713,977 .530,069 2, 452,000 4,000 — 1,000 — 14,500 4,000 222 1,000 4 14,500 129, 51a 54,314 132,373. 237,973 * 122,320 51,497 172,913 216,324 149,279 62,590 210,162 994,329 77,956 60,396 32,636 25,533 109,751 ' 35,730 307,943 172,502 • • • 106,160 103,491 198,137 44,5H 43,392 83,075 149,453 145,699 278,947 217,381 174,613- - 505,536 517,505 467,195 1 , 065,695 » ■ 524,321. 468,.293 j , 070,290 1,000 — 7,236 — 1,083 1,000 174 7,286 30 1,083 15 25,250 140 1,601 4,265 1,6 16 390 1,614,424 676,900 2 , 272,850 6,987,217 143,504 147,951 60,169 62,033 202,029 203,287 332,155 2, 869,120 137,622 57,702 193,752 471,960 237,.067 99,398 333,754 447,371 Total U,S.Govf t se cu r itie s , d ire ct and guaranteed 11,551,391 737,857 3,287,39.1 861,036 1 , 117,590 654,206 563,554 1 , 406,360 528,341 344,661 Total b i l l s and secu rities 746,73 3 3,312,731 866,902 1 , 119,596 653,542 567,776 1,407,364 542,841 345,835 13 2,249 137,002 4,624 4,175 6 1-0,220 200, 59'2 2,936 4,120 5 7,367 169,243 1,655 3,315 Due from fQ.reign banks notes o f other banks Uncollected items bank premises Ctiier assets TOPixiu iiSS£TS 70,045 10,393 8,589 342 4,100 236 — 20 — 20 4,575 9 11,631,829 136 76,264 2,449,221 38,353 57,586 3 1,598 179,543 2,671 4,218 1/ 55 11,990 483,412 9,622 3,248 13 . 4', 148 239,241 4 ,2 i4 8,100 • 17 8,358 361,039 2,955 5,671 3 5,413 111,057 2,069 2,700 2* 11 4 4 2.; 936 2,565 4,384 14,523 263,220 59,157 151,829 33;836 2 , 616 1,283 2,737- < ' 971 . 3,546 3,615 2,133 ____ 7,2_45 34 , 380,093 1994,053 9,455,799 2107,455 2 , 946, 276 " 1979,480 1723,962 5, 678,710 1363, 231 . 819^650 1406, 7981094*774 5*.809*905 l / A fte r deducting- $31,000 ‘p a r tic ip a tio n s c f other Federal Reserve Banks.
@FedFRASER