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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