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Form F. R. 283 STATEMENT Released fo r p u b lica tio n Friday morning, Dec. 31J not e a r lie r . FOR THE: PRESS Board o f Governors o f 'the Federal Reserve System December 30, 19^3 CONDITION OF THE FEDERAL RESERVE B*NKS During the week ended December 2r) member bank reserve balances increased $92 , 000, 000. Additions to member bank reserves arose from decreases of $203,000,000 in Treasury deposits with Federal Reserve Banks and $9,000,000 in Treasury.cash, offset in part by a decrease of $29,000,000 in heserve Bank credit and increases of $4.6 , 000,600 in taoney in circulati'on" an# $45 *000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of meinber banks on December 2g were estimated to be approximately $1,130,000,000, an increase of $210 , 000,000 for the week. There was an increase of’ $64^000,000 in holdings of United States Government securities, . Certificates increased $135*000,000 and bonds $10,000,000 while b ills decreased $81,000,000, •Changes in member bank, reserve balances and related items during the week and the year ended December 29 , 1943* v«ere as follows s Increase or decrease since Dec v 29, 19U3 Dec. 22, 19^3 Dec, 30 19U2' (In thousands of dollars) + 96 +5*580 + 46 — -123 4 Total Reserve Bank crédit Gold stock Treasury currency 12,430 22,004 4,096 - 29 1 +6,002 - 722 + 468 Member bank reserve balances Iuoney in circulation Treasury cash Treasury deposits with F. R* Banks Nonmombér'deposits and Other Ff Rf a-ccounts 12,76) 20,428 2,316 764 2,253 • + 92 + 46 - 9 -203 + 45 19 +5,021 + 122 Ixl + 672 - - - ro CD + 31 + 62 + 2 + B ills discounted 101 U. S. Government direct obligations •11,533 32 U. S« Government guaranteed obligations Industrial advances (not including *9 m illi on commitments - December 29 ) 10 Other Reserve Bank credit 704 ver;:- F. 'h. 283c L I A B I L I T I E S P.. notes in actual cir culation ./eposits : iienbsr bank-re serve acct. U.S.Treasurer-general acci Foreign vther Total deposits Deferred a v aila b ility items ether lia b ilit ie s including accrued dividends TuIAL LIABILITIES Totol S Ï A Ï B k ^ T 0 F 0 CADITI Ok OF Tiil1 F3LERAL RüSEkVti B..NKS OK DiÆE^iiER 29 , I9U 3 (In thousands of dollars) Phi la. C1 eve. Boston New York Chicago St.Louis Rich. A tla n ta Id nr.. Kar.s.Cy. •Dallas San Fran. 010,324 1*12, 7ol 1,936.307 16,874,307 1156,1*32 3 , 750,965 1151,433 1,5 0 1, 229 1141,306 948, 462 3,157,033 723,31*9 334,646 626,930 1,0 21, 390 510,363 23,365 33, li* 7 1*5,351* 61,306 135,1*43 13 I , 166 7,100 13, 563 1,341 797, '.'>33 1,249, 766 619.369 95,003 I 96 , 393 108,761 506, 614 1,394,007 443,650 295,^35 573,516 U99>O99 1,437,001 32,070 2-7,674 32,044 . 41,693 44^293 103,336 42,771 31,366 • 39,920 42,771 l , 2 66 2,574 4 4 ,3 H 11,3 :9 10,120 525,434 369,015 656,395 533,742 1,6 71,763 157,51*0 72,311 3 1,113 63,054 50.725 12 , 769,139 650,786 4 , 30.1,343 763,810 40,926 215,095 1,512,51*5 37,531 1/ 653,043 236,790 395,352 4,110 15,440,996 741,353 5, 461,276 309,366 i,49U ,.i2l . 70,369 31,573 1*1, 571 49, 900 173,937 4,294 7, 994 606, 079 2 , 153 , ;;ii 32, 122 252,354 1,139 410 323 070 332 414 277 365 3l*i* 3»oU5 10.156 528 . 1, 051* 1321,433 735,056 9 . 524,652 1370,350 5,564,392 1335,133 1969.032 1052 , 593 3,766,447 2045, 151* 2.9U3, 442 33,819,980 1637, 191 4,693 3,236 11,686 6 ,124 5,033 17,377 4.657 12,47: 153,938 9,797 57,331 5, 1*53 15, 573 22,925 3,221 4,966 5,236 53,001 11,160 4.083 3,613 n ,0 4 4 15,670 160,411 1 Ù, 767 5, 725 2 ,1 2 1 1,000 7,070 530 26,829 1,429 1 ,1 3 7 3,244 1,30 7 2,874 ¿t, 393 717 1, 007 4,020 3,782 3,468 25,31*0 • 13,1*07 3,950 062 5,992 6,731 6,713 1*, 523 ......Jiz 3/ 891 . 2?i232_ Capital paid in Surplus (Section 7) Surplus (Section 13 b) Other capital accounts TCTiJLi LIABILITIES jJfD CAPITAL ACCOUNTS 3U,258,067 1998,855 9 *672,39U 20B3>68U 2 , 908,650 18^9,JU77 1653,1^8 5 , 620,030 1335,612 796,295 131*8,986 1066,108 3,798,798 3ommi tments to make i ndustria 1 — advances 9,1;38 700 3,000 1,998 100 — 2,524 77c 337 9 F. R. notes outstanding Collateral for F.R.notes held by F.R..agents: Gold certificate's ¿lig ib le paper U.S.Gov’ t securities 17,498,108 1203,996 3,371.709 1185,449 1,553,231 1-83,475 13,526,000 92,167 4,188,220 Total B ills discounted 100,612 Industrial txdvancos 10 ,13 3 li.-S. Government securities, direct fond guaranteed 11,614,389 300,000.. 675, 0-0 2,300,000 — 3l*o 400, coo 400,000 350,000 MATURITY DISTRIBUTION LF B - LLS AKD SECURITIES 9 I days' tó 6 6l to 31 to 16 to 6 months * to 90 days 30 days 60 days 761,000 3, 51*0,000 2,635 60,320 450,000 3 50, 000 Within 15 day;s 92,1 715,000 1 , 055,'-'00 1,175 475,300 500,000 3,253 390 26 5,200 583 12,050 509 1,276,217 973,370 2,736,351 2,270,437 j 999,354 3,219,343 - 759 , 619 392,472 633 ,-052 448,146 2,047,762 4oo,ooo 245,000 11,500 750 333,220 150,000 420,000 261,000 1 , 794,000 — 14,91*7 230,000 200,000 300,000 ■months 1 year — - 1 to 2 years Over years 5 years -- — 115 253 249 1,221,000 1,235,550 223,500 l / After deducting $851,175,000 participations of other Federal Reserve Banks. 2 to 5 90 437,971 — --1,190,1:93 Form F. R. 283a Released for publication Friday morning, December 31»I9l*3i n0^ earlier, . . STATEMENT OF CONDITION OF THE TWELVE. FEDERAL RESERVE BANKS COMBINED (In thousands o f d o lla rs) Increase or decrease since Dec. 29, 191*3 * Dec. 22, 19^3 Dec. 30, 191*2 . •U'S S E T S Gold c e r t ific a te s on hand and due from U. S. Treasury Redemption fund - F. R, notes Other cash • ■ Total reserves B ills discounted: Secured by U. S.G ov't ob liga tion s, d ire c t and guari-nteed Other b i l l s discounted Total b i l l s discounted 19,611;, 765 218,1*95 3 lit »723 - I3,i#95 -+ 11,-1+77 + 23,302 2o.lli7.9B8 + 21,291+ - 908,516 + 186,931+ 19,01+3 - 71+0,625 + 30,567 ' — + 98. 1+02 2 , 51+8 + 10,138 + 30,567 255 95,351+ 3.861 ' 100, 6i 2 — 100,612 Industrial advances U. S. Government se cu r itie s , d ire c t and .guaranteed« Bonds Notes C ertifica tes B il'ls Total U.S. Government se cu r itie s , d ire ct and guaranteed 1 ,621+,66l+ 676,900 2,li07,150 ' 6, 906,175 + 10, 21*0 — +13!*, 3OQ - 81,01+2 -l,l61+,667 - 667,159 +1,371+, 150 +6, 083,653 1 1 , oil*,889 + 63,1+98 +5,625.932 Total b i l l s and s.ecur.ities Due from foreign banks F. R. notes o f other banks Uncollected items Bank premises Othar assets 11.725.639 136 82,686 2.198.1+58 38.320 53. 81+0 + 93,810 — + 6, 1+22. -250,763 33-' + 1 , 25!* +5.717,975 + 39 + 30,623 + 505,753 ’ 1,665 29,521+ 3!+,252,067 - 128,026 +5,1+32,631 16,87U,807 + 66,079 +l+,636,585 12, 769,189 . 763.310 1.512.5U5 395,352 15, 1+1+0,396 1,U9U,1 2 1 . + 92,032 18,821+ -203,578- . ]+?, 525 + 26,156 + 706,303 + 17,576 - 113,895 - 67,761+ + 526.059 - 128, 1+98 • • + 222,016 10,156 33,819.980 + 621 - 129,562 + 2,087 +5,1+36,71+7 153.933 l 6o,l+ ll 26,829 • 90.,909 • 31+,252,067 + + 7,907 + 2,909 + 1+8 +* 3^,020 +5, 1+32,631 TOTAL ASSETS ■LI ABI LI TI ES F, R. notes in actual circu la tio n Deposits * Member bank - reserve account U.S# Treasurer - general account Foreign . . . . Other Total deposits Deferred a v a ila b ility items Other l i a b i l i t i e s "including accrued dividends TOTa L lia b ilitie s c a p i t a l a c c o u n t s Capital paid in Surplus (S ection 7) Surplus (Section 13b) Othsr capital accounts^ total l ia b il it ie s ' ard CAPITa L accounts Ratio o f tota l reserves to deposit and F. R. note l i a b i l i t i e s combined Commitments to make industrial advances 62.3% 9.U33 751 — — 785 -123,026 + 51*1* ll+,3?o 1,308 Form F. R, 233b ST.iTEUENT OF CONDITION OF THE' FEDERAL RESERVE BANKS OK DECEMBER 29 , 191*3 (In thousands o f d o lla r s ) ASSETS Total Phila. Cleve. Chicago St.Louis Boston New York Rich. Atlanta Geld c e r t ific a t e s on hand and due from U.S.Treasury 19, 6114,755 1033,532 5,330,133 1065,639 1,1*75,333 1023,237 '331*,l*6l 3,779,679 61*7,091 Redemption fund - t . R.notes 218,1*95 22-, 525 22,81*1* 21*, 238 22,29Ì4 19,758 19,733 25,317 17,055 Otner cash 72,573 21*, 1*95 _ 23.355 19,567 _ 2ÜJl&L 39,392 13,631 _31ii.._Z2S_ 27,753 Total reserves 20,11*7,933 1083,310 5,925,555 1111*,372 1,521*, 555.1070,093 925,985 3,833,829 680,1*60 ¿ i l l s discounted: ■ Secured by,.-U.S. Govf t ob li gâtions, d ire c t and guaranteed 100,612 60,320 500 6,500 11,500 31*0 61*0 2,635 1,175 — Other b i lls ' discounted — — — — — — — Total b i l l s discounted 60,820 31*0 500 6,500 11,500 6!*o 100, 612 2,635 1,175 Industrial advances -31*2 235 126 221 l*,ol*7 10,138 1* 390 u. 0. Government s e cu r itie s , d ire c t and guaranteed: Bonds 152,623 1,621*, 661* 11*3,022 166,073 138,121* ' 23I*, 1Ì 6 123,121 . 120,595 73,193 Notes 53,330 5 7 ,5l*e 32,573 676,900 97,5u2 63,539 59 , 539 69,193 . 50,2lt5 C e rtifica te s 21*6, 06I . 2ol*,'61*9 226,130 115,351 31*6,875 189,830 173,677 2, 1407,15 0 211,906 B ills 1*27,802 2,677,1*62 953,502 330,362 275,388 1*92,136 309,691 239,533 6,906,175 Total U.S.GovTt secu rities 5 d ire ct and guaranteed 11,611*, 339 7U*,879 3,153,739 323,123 1 , 170,669 61*7,219 589 . 055 1,.1*00,31*1* 536,313. Total b i l l s and se cu rities uue from foreign banks K.R.notes o f other banks Uncollected items Bank premises Other assets TOTa L ASSETS Ilinn. Kans.C.y. Dalias San Fran. 330,590 7,633 3,659 396,882 659,253 1*33,016 2 , 31*7,751 11/308 15,1*1*3 9,837 37.322 12,920 10»08£ 683,1*81 502,9140 2, 1401,021 750 — ll*,9l*7 -- 55 750 750 178 Ik ,9^7 30 55 15 750 li, 550 , 60,597 105,153 101,823 25,21*7 ■• 1*3,311 1*2,1*23' 39,779 155,301 150,363 181,631* 23I*, i l l 192, 11*1* 196, 221* 31,755 290,. 723 536,855 357,307 533,876 ¿437,253 1.,155,562 1 1 , 725,639 71*7,856 3,219,735 >33,3ii5 1 , 171,699 61*7,79U 589,776 i,lj0 7 ,3 l3 51*7,313 353,235 553,353 137,323 1,160,362 2 6 11 1 / 55 1* 1* 3 3 13 136 17 5 13 10,022 9,269 6,990 lT,29ó 4 2 9 Ì* 7,oil* 1,39 k 82,636 2,71*9 15,231* .3,39^ . , 5,1*71 3,559 1*95,016 121*, 29 5 ■2751 619 I5I*, 326 • 1214,871 355,952 9,9,31*0 67,721. 212,11*5 95,'5E>9 ' 31*, 339 2,198,1*53 153,775 9,622 U.612 ■2,666 1,230 2,616 ■2,936 * 2,913’ 2,065 2,737 971 1,653 38,320 h,2lh 2,722 5,66? 1*,298 3 , 6o o . . 3,59.0 . 2,163 U,295 8,286 .6,909 ■3 , 8Ì4Ì4 li, 351 9,115 53,81*0 3i|,252,o67 199”,B55 9 ,672,3914 2033,631* 2,983,680 13“ 9 , 1*77 1653# H*9 5,620,030 1335,612 796,295 13^3,936 3066,103 3,793,793 l / A fte r deducting $31,000 p a r tic ip a tio n s o f other F-->doru.1 Reserve Banks.
@FedFRASER