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Form F. H* 283 STATEMENT FOR THE FRESS Released for publication Saturday morning* December 27; not earlier. Board of Governors of the Federal Reserve System December 26, I9I4I CONDITION OF THE. FEDERAL RESERVE BANKS During the week ended December 2 b member bank reservo balances de creased $5C,CCC,C'T« Reductions in member bank reserves arose from in creases of §2C1,CCC,0CC in money in circulation and v2,CCC,CCC in Treasury cash, offset in part by increases of $66,0CC,CCC in Reserve Bank credit, $6,CCC,CCC in Treasury currency, and v3>OCC,CCC in golc^f aha decreases of $17,CCC,CCC in Treasury deposits with Federal Reserve Banks and v6l,CCC,CCC in nonmember deposits and other Federal Reserve accounts. Excess reserves of number banks on December 2 b were estimated to be approximately $3 * C6C,CC C, CCC, a decrease of v3 ^* CCr,CC'C for the week. The principal change in holdings of bills and securities w as an in crease of v3#(CC,CO' in United States Government bonds* Changes in member bank rcscrv-, balances and related items during the week and the year ended December 2l+, 19^1, wer~ as follows: Increase or decrease since Dec# 2 b j 19Ul Dsc. 17 1941 Dec. 2< 194c (in millions of dollars) 7 2 ,23 s 5 + 2 + 3 —- + + 10 239 — +61 + + 2 98 Total Reserve Bank credit Gold stock Treasury currency 2 >499 22,750 3>2W +66 + 3 + 6 + + + 163 020 162 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and oth^r F. R. accounts 12,447 11,224 2,195 9Cb 1,719 -5C +2C1 + 2 -17 -61 Bills discounted U* S. Government direct obligations U. S. Government guaranteed obligations Industrie! advances (not including 15 million commitments - Dec .mher 2b) Other Reserve Bank credit 3 59 — -1,39C +2,4:7 18 + 427 - 281 Form F. R. 28$-a Released for publication Saturday morning, December 27, 19^1; not earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec • 2i+# 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. Sf Gov’ t obligations, direct and guaranteed uther bills discounted Total bills discounted 191+1 Dec. 17, 1941 Dec. 24, 1940 20,515,018 14, 68G + + 213,759 998 + 102 - 10,007 834,236 3,460 14,802 20,743,465 - 10,903 + 822,894 + + 3,305 436 2,869 2,112 5,ic 4 1,965 7,c69 + 2,273 508 1,765 1 + Industrial advances U. S* Government securities, direct and guaranteed: Bonds Notes Bills Total U. S* Government securities, direct and guaranteed 2,243,137 + 3,397 59,037 Total bills and securities 2,259,916 + 5,161 64,018 Due from foreign banks F. R, notes of other bamcs Uncollected items Bank premises Other assets 3?,906 1,218,1(29 ii1,143 ____ Í42.C96 + 3,431 -231,225 11 + 9L6 + + 24, 338,002 -232,601 n, ,192,401 8,202,083 +187,757 ,237,145 02,1)46,867 907,665 806,967 61 ;., 028 - 5 c ,4c 2 - 17,593 ” i4^7767527" -126,685 -292,157 T O T A L A S S E T S 9,710 , 1,455,467 111 3cc + 3,397 — 10,570 hi + 170,867 + 122,200 10,370 6,364 304,005 45 4,835 L I A B I L I T I E S F. R, notes in actual ciiculation Deposits: Member bank - reserve account U. S •Treasurer-General amount Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 979,104 5,838 23,963,552 - 43,938 - 16,752 + 274 + + »390,376 426,171 302,295 12,621 - 1,,255,679 + 205,179 + iUoi -232,811 +l,,189,0-46 + 77 + + •vm m + 133 -232,601 - - *3% + c a p i t a l Capital paid in Surplus (Section 7) Surplus (Section. 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F* R. note liabilities combined Commitments to make industrial advances ll£,ll4 157,065 26,785 48,486 24,338,002 9C.3% 14,969 170 3,84? 5,345 54 5,783 ,l9?,4rl •3% 8,716 Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 24, 1941 (In thousands of dollars) ASSETS Total Boston York Phila. Cleve. Gold certificates on hand and due from U. S. Treasury 20,515,018 1,182,619 8,107 ,881+ 1,2 53,033 1,665,036 Redemption fund - F*L.notes ll+,683 1,21+1 961+ 4-,193 975 Other cash 23,422 17,220 41,530 213,739 14-,393 N e w Total reserves 20,71+3,465 1 ,210,231+ 8,150,655 1 ,268,390 1 ,685,231 Bills discounted* oecured by U. S. GovTt obligations, direct and guaranteed 942 100 5,io4 1,485 2,275 — Other bills discounted 88 106 1,965 65 Total bills discounted 7,069 Industrial advances 9,7io U. S.Government securities, direct and guaranteed: Bonds 1,1+55,467 Notes 777,300 Bills 10,370 Total U. S. Gov’ t securities, direct and guaranteed 2,21*3,137 Total bills and securities 1J +85 1,884 2,31+0 i,ol+8 188 1,105 3,55l+ 242 112,434 t>o,045 801 381,541+ 203,765 2,719 114-,861 61,342 818 144-, 039 76,926 1,026 173,280 588,028 177 ,021 2 ,259,916 176,64-9 591,4-73 Due from foreign banks 47 F. R. notes of other banks 32,900 Uncollected irems 1 ,218,429 Bank premises 1+1,143 Cth^r assets 42,096 3 756 99,163 2,782 3,0^0 18 2,911 27l+,549 10,73411,001+ TOTAL ASSETS Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 805,682 559,231 3,438,280 617,987 388,797 562,166 1+03,198 1,531,105 662 408 1,936 574 477 1,314 1,179 765 12,132 12,242 30,880 15,404 4,272 9,142 10,882 22,240 819,750 571,950 3,470,339 634,053 393,477 572,073 4i4,654 1,554,659 — --- 645 --- 69 1+76 -- 21 21 301 35 100 — 85 1,543 35 4oo 100 1,628 498 87 ... 137 — 18 18 137 272 125 89,08I4- 61,819 4.7 ,576 33,015 44i 635 197,584 73,270 42,997 62,185 50,835 105,521 39,130 22,963 33,210 27,148 522 362 1,408 306 443 124,815 66,659 889 221,991 137,295 95,275 304,513 112,922 66,266 95,838 78,345 192,363 181,623 222,421 138,061 1+ 2,080 163,083 4,4.39 4-,514 2 7,596 96,218 2,978 2,726 304,835 H3,357 66,864 97,553 78,754 * 1 l 6 1 4,706 3,181 1,665 2,o44 853 182,208 58,284 27,799 52,941 46,093 2,987 2,278 1,341 2,88C 1,144 5,329 1,969 1,269 1,715 1,455 192,506 5 1,508 83,631 4-,865 3,326 95,820 2 3,152 53,092 1,9^9 1,737 766 4 2,454 81,368 2,766 4,002 24,33 8,002 1,1^92,637 9,o4l,344 1,54-3,348 2,079,772 1,067,331 727,702 3,970,410 813,123 492,4-15 729,207 542,954- 1,837,759 ♦Less than s^500# Form F* R. 283-c STATEMENT CF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 24, 1941 (In thousands of dollars) L Ii 3 I L I I E S Tctal F* R. notes in actual cir culation 6,202,083 Deposits* Member henk-reserve acct. 12,1446, 36? U.S.Treas^rer-General acot. 907*665 Foreign " 808*967 Other deposits 613,028 Total deposits. 14,776, 527 Deferred availability items 979,1014Other liabilities including accrued dividends 5,538 Boston Nev# York Phila. Cl<-ve* 675,193 2,110,124 57S*2l|2 783*589 455,1445 279,526 1,716,610 322,210 207,265 262,823 155,861 568,500 5,565,200 93,113 220,388 31,876 321,940 13,659 486,779 680,200 86,343 77, ola 15^26^ 936,574 9^,169 1461,937 313,663 1,798,020 355,532 174,995 3 500,051 3*,032 142,271 150,090 36,148 SO,216 ?9,£00 51,594 0^3 23,033 34,152 27,790 95,309 23,827 17,473 2,203 7,o53 7,582 5,079 10,3-9 9,707 1,477 700,948 6,594,567 84,175 206,112 858,847 1,129,1-97 71,247 151,479 607 1,721 *7 /^ Rich. Atlanta Chicago St.Louis Kinn. Xans.Cy. Dullas ¿-i-O J y jL O /'v'7 ^ 02^ 2 öüi+ m -, 447 £ 52ö,954 ?91,5i4 2,oU8,498 ^ 5 ,8;,6 252,589 412,754 556,955 3 70,297 42,997 156,175 52,949 22,911 42,Oi4 56,410 434 617 162 175 724 218 162 216 TOTAL LIABILITIES' 23,963,552 1,1466,923 6,912,324 1,508,753 2, 045,182 1, 051,130 713,999 3 ,922,007 801,170 482,727 717,839 531,442 1 CA P I T AL ACC 0 U 5,708 4,880 Capital paid in il£, 114 14,636 ■51,803 11,905 9,399 15,588 4,407 3,003 4,599 4,359 10,906 22,824 4,925 Surplus (Section 7) 15,144 157,065 56,447 14,323 3,974 5,247 5,725 3,152 3,613 1,429 7,CJ70 2,874 Surplus (Section 13*>) 26,785 3,244 713 533 1,000 1,13& 4,393 1,007 1,263 ¿,562 2,088 2,533 2,018 1,916 13,700 4,6214 2,002 2,385 48,486 Other capital accounts 2,535 3,123 N T S TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,338,002 1 ,492,637 9, o4i,344 1,543,346 2,079,772 1 ,067,331 727,702 3 ,970,410 613,123 492,415 729,207 542,954 1 , Commitments to make industri advances 46o 1,850 1,201 26 1,500 1,01+8 874 1,771 14,969 455 2,659 23 a l M T o t a l 1,000 31 60 days: t o 112 464 — U R I T Y D I S T R I B U T I O N 61 to 90 du’ ^s 283 211 95,170 ‘ O F B I L L S ^1 days to 6 months 1,214 656 — t o A N D S E C U R I T I E S ò months 1 Y-ar 1 to 2 Y e a r 120 Y ’ s a r s 2 Y e a r s 5 t o Y e u r s —— 1,518 1,286 97,000 247,200 1,421 •* — 16 to 30 daysi 276 1,592 T OO O Bilis discounted 7,0öQ Industrial advances 9*710 U. S. Gcvuynnent securities, direct and guaranteed 2,243, £37 Mthin 15 days 5,o64 1,991 A O v e r 5 Yuan mm mm 571 1,325,767 Form F. R. 283-d FEDERAL RESERVE NOTE STATEMENT ON DECEMBER 24» I9I+I (In thousands of dollars) T o t a l F e d e r a l R e s e r v e B o s t o n K o w Y - - r i c P h i l a . C l o V ' . . 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 i n n . K a n s . G y . D a l l a s S a n F r a n . n o t e s : Issued to F.R.Banic by f.r.Agent 8,592,656 694,556 2,204,909 6o4,4l6 813,677 461,468 302,1*61 1,756,6c2 34^,132 212,14-75 273,306 150,828 777*746 Ksld by Federal Reserve Bank 390,573 19*363 94.-065 26,174 30, 26,023 22,935 39,992 17*922 1C,4^3 14,967 82,551 C S O in actual circulation C o l l a t e r a l c u r i t y G o l d f o r h e l d b y n o t j s a 8,202,083 675*193 2,110,124 576,2/42 78i>,509 435*445 279*526 1,716,610 322,210 207,265 262,823 135*861 695*195 g e n t a s s e i s s u e d t o b a n k s c e r t i f i c a t e s o n h a n d due from U. S. Treasury Eligible paper Total collateral 5 , 2 1 0 a n d 8 , 7 0 3 , 0 0 0 6 , 5 2 7 7 0 0 , 0 0 0 1 , 4 0 5 2 , 2 2 0 , 0 0 0 2 , 3 4 0 6 l 5 * O C C 9 1 + 2 6 1 5 , 0 0 0 — 4 7 5 * — 0 0 0 3 1 0 , — 0 0 0 1 , 7 8 0 , 0 0 0 — 3 5 0 , 0 0 0 35 2 1 4 , 0 0 0 1 0 0 2 7 5 . 0 0 0 1 5 5 * 0 0 0 7 9 4 * 0 0 0 1 , 6 2 5 8,709,527 701,485 2,222,340 615,942 815,000 475*000 310*000 1,780,000 350,035 2 i 4 *icc 276,625 155,00c 794 , coo