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Form F # R # 283
STATEMENT FOR THE PRESS
Released for publication
Friday, morning, Jan* 1
not earlier.
, Board of Governors
of the Federal Reserve System
December 31, 19i*2
CONDITION OF THE FEDERAL RESERVE BANKS
During the w e e k ended December-30.member bapk reserve balances decreased
$3^1*000,000. Reductions in number bank reserves arose from increases of
$31i*,000,000 in Treasury deposits with Federal Reserve Banks, $78,000,000 in money
in circulation, $12,000,000 iri -Treasury cash and $122,000,000 in nonmember deposits
and other Federal Reserve accounts and a decrease of $9,000,000 in, gold stock,
offset in part b y increases of $136,000,00$ in Reserve Bank'credit and $59,000,000
in Treasury currency. Excess reserves of member banks on December 3.0 were
estimated.to be approximately $1,660,000,000, a decrease of $530,000,000 for the
week*
The principal change in holdings of bills and securities was an increase
of $362,000,000 in United States Government securities. Bonds increased
$13,000,000, notes $8,000,000, certificates $77,000,000 and bills $26ti,000,000.
Changes'in member bank-reserve balances and related items daring the week
and the year ended December 3-0, 191*2, were as follows:
Increase' or decrease
since
Deo, 30,
I9ijg
Dec* 2 3 ,
I9l£
Dec. 31,
I9hl
(In millions of dollars)
Bills discounted
U.
Government direct obligations
U . S # Government, guaranteed obligations
Industrial advances (not including 11 million
commitments - December 30)
*
Other Reserve Bank credit
5
5,953
•36
iU
421
•
-
5
+ 359
t 3
-
-220
+
.
+
•
+
2
31
h
327
%*
Total Reserve Bank credit
Gold stock
Treasury currency
6,1*28
+136
+I*,067
22,726
3,628
- 9
* 59
*
Member bank reserve balances.
Money in circulation
Trea'sury cash Treasury deposits with F. R. Banks
Nonmember deposits and other F . R . accounts
12,788
15fU07
2
1
$ 9h
811
1#581
-3l*l
+ 78
+ 12
+3l!±
+122
+ 338
+h$2h7
21
56'
70
11
381
Form F . R . 283c
L I A B I L I T I E S
Total
F. R . notes in actucl circulation
12,188,222
Deposits:
Member bank-reserve acct.12,788,013
U.S»Treasurer-gefteral acct. 811,335
Foreign
806,242
Other
509,247
Total deposits
14,914,837
Deferred availability items 1,272,105
accrued dividends
TOTAL LIABILITIES
CJIPITXIL ACCOUNTS
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
Boston
STATEMENT OF CONDITION OF THE FEDERAL. RESERVE BANKS ON DECEMBER 30,. 1942
(In thousands of dollars)
N e w York
Phila.
Cleve.
Chipago St.Louis
Minn. Kans.Cy.
Rich. Atlanta
Dallas San F r a n .
883,192 2,794,144
850,168 1,135,447
789,520
546,636 2,417,529
514,032 302,103
427,410 249,994 1,278,047
668,975 4,898,711
83,532
141,084
24,117 1/376,083
7*209
308,302
651,901
24,899
67,757
15,763
497,561
38,981
31,055
9,389
464,649 1>838,462
28,399
113,336
24,703
86,107
576,986
101,234
524,352 2/041,987
53,725
192,885
442,491 270,441
55,565 38,153
21,174 15,528
15,334 12,154
534,564 336,276
59,517 23,930
489,636 451,563 1,206,594
37,764 33,288
96,844
20,468 20,468
53,848
3,900
3,149
41,832
551,768 508,468 1,399, H 8
45,732 37,437
99,427
907,029
119,490
64,934
81,532
733,833 5,724,180 .760,320 1,172,985
117,^4
303,123
80,.848
156,553
6,601
4,082
446
333
28,383,233 1785,508 8,823,438 1692,548 2,465,645 1468,251 1125,063 4,653,223 1108,317 662,479 1025,491 796,232 2,777,-038
3,069
789
1,991
1,212
660
511
350
822
204
170
581
146,031
157,502
26,781
55,889
9,489
10,949
2,874
3,043
53,653
56,651
7,070
15,898
11,747
15,171
4,393
3*920
14,878
14,346
1,007
5,4oo
5,885
5,236
3,244
2,422
5,190
5,725
713
2,653
16,306
22,925
1,429
9,251
4,549
4,966
530
2,322
3,077
3,152
1,000
2,731
4,726
3,613
1,137
2,304
TOTXIL L I A B I L I T I E S AND
C A P I T A L ACCOUNTS
4,450
3,976
1,263
2,200
12,081
10,792
2,121
3,745
23,769,436 1811,863 8,956,710 1727,779 2,501,276 1485,038 1139,344 4,703,134 1120,684 672,439 1037,271 308,121 2,305,777
Commitments to make industrial
135
—
1,687: —
. 1,736
—
3,892
advances
10,746
1432
261
1,398
387
1,108
F . R . notes outstanding
12,659,321 904,224 2,903,017 873,420 1,173,319 324,993 580,704 2,470,616 541,663.' 308,172 441,945 277,216 1,359,947
Collateral for F.R.notes
held b y F.R.Agentsj
Gold certificates
1 2 , 4 5 7 , 0 0 0 '838,000 2,915,000
795,000 1,180,000 727,000 555,000 2,500,000 4 3 0 , 0 0 0 3 1 0 , 0 0 0 4 4 0 , 0 0 0 2 3 3 , 0 0 0 1 , 3 3 4 , 0 0 0
30,000Eligible paper
31,690
140
—
125
65
45
1,315
5,000
U . S . G o v ' t securities
325,000
100,000
—
125,000
20,000
75,ooo
MATURITY DISTRIBUTION OF BILLS VND S E C I I R I T I E S
2 to 5
1 to 2
Over
Within
31 to
9 1 days to
6 months
16 to
61 to
years
60
days
6
months
years
Total
5 years
to 1 year
15 days
9 0 days
30 days
3ills discounted
2
31
T"
1,694
4,758
31
25
2,975
Industrial advances
361
3
8
3
1,621
994
1,303
13,999;
3,564
253
515
U . S . Government securities,
direct and guaranteed
94,623 . 184,595
640,131
241,575 1,407,674 2,254,266
5,988,90-17
279,778271,565
614,700
l / After deducting
$429,034,000
participations of other Federal Reserve Banks.
'Form F . .R. 283a
n0
Released for publication F r i d a y morning, January 1,1943-, "t earlier,
.. STATEMENT OF CONDITIO!!
OF THE* TWELVE FSDERaL RESERVE BANKS COMBINED
(In thousands of dollars)
Increase or decrease
since
Dec. 30,
19^2
D e c . 31,
1941
Dec. 23,
' 1942 "
A 8- S E T S
Gold certificates ori hand and
due from U . S* Treasury
Redemption fund
k # notes
Other cash
Total reserves
20,523,281
;
3l,56i
. • .333,7.71
7,149
+
+
+
+
33,266
17,393
73,093
124,252
2,210
2,548
- ' 3,218
- ' 2,518
+
+
442
1,361
4,758
-
+
1,803
+
4,495
20,888,613 '
Bills discounted:•
Secured b y 0. S # Gov't obligations,
direct and guaranteed
Other bills discounted
Total bills discounted
- 16,371
161
+ 9,383
-
13.999
5,736
94
2,789,331
1,344,059
1,033,000
822,517
+ 13,620
+ 7,845
+ 77,018
+263,527
Industrial advanc.es
U # S . Government securities.
direct and guaranteed:
3onds
jvotes
Certificates
Bills
Total U,S* Government securities,
diroct and .guaranteed
.5,988,907
+362,010
+3,73li,432
Total bills and securities
6,007,664
+356,180
+3,740,730
Due from foreign banks
k . notes of other banks
Uncollected items
Bank premises.
Other assets
• 52,058
1,692*705
.39,985
.88,364
'47
28,769,436
•J
+
513
- 51,442
,38
+
3,453
+301,517
12,188,222
+-33,316
+3,996,053
12,,788,013'
811,335
• 806,-242:509,247
-340,932
+314,281
+ 11,200
+112,820
+
-
14,914,837-'
1,272.105
+ 97,369
+168,764
+ 236,779
+ . 165,176
TOTAL ASSETS
. +1,322,526
+ 566,759
+1,033,000
+ t812,147
•
+
+
-
+
15,771
491,981
'782
44,64o
+4,416,592
L I A B I L I T I E S
F . k. notes* i'n actual circulation
Deposits:
Member b a n k - reserve account
U#
Treasurer-general account
Foreign
Other"
Tot *1 deposits
Deferred uvailabiiity items
Other liabilities including
a c c r u e d dividends
TOTiiL, LIABILITIES
C A P I T A L
A C C O U N T S
•
r
8., 069
28,383,233
+ 1,474
+300,923
4
?T0TAL LIABILITIES AND CAPITAL ACCOUNTS
146;031
157,502
26,731
55>889
28,769x436
Kvatio of totul reserves to deposit
and F , k. note liabilities combined
Commitments *to make industrial advances
77.195
10,746
C a p i t a l paid in
Sur^I-dr ('Section 7)
Suir^luf (Section 13b)
OtJhui capital accojmts
-
337,680
56,158
32,180
76,923
• 32
- -
- -
+
;
'+
+
+
562 < +
+301,517
-
+
5.874
+4,403,882
.Wo
104
' 3,851
1
• 1
8; 857
+4,1116,592
-
13.7%
3,851
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS GK DECEMBER 30, 1942
(In thousands of dollars)
Form' F . R . 283b
a S S E T S
Total
Boston
New York
Phila.
Cleve.
Bich»
Atlanta
Chicago St.Louis
M i n n . Kans.Cy.
Dallas San Fran.
Gold certificates on hand and due
from U . S . Treasury
20,523,281 :1166,412 6,837,987 1144,486 3L, 714,287 940,184 766,829 3 ,617,866 722,229
Redemption fund -F.R.notes
31,561
1,206
1,888
4,210
1,204
6,123
1,569
5,771
1,475
Other cash
43,356
17,440 21,751
21,165
38 ,.117 19,398
68,043
32,879
• 333,771
470,583
210
8,113
669,954 505,258 1,967,206
7,170
364
371
34,254
12,017 17,238 "
Total reserves
478,906
682,335 522,867 :2,008,630
20,888,613 :1200,497 ; 6,907,599 1171,422 ]L,758>847 963,747 790,468 3-,657,458 745,837
Bills discounted:
1
Secured b y U # S # G o v 1 obligations,
direct and guaranteed
2,210
Other bills discounted
2,548
Total bills discounted
4,758
320
—
320
1,315
1,062
140
240
190
278
125
110
2,377
611
380
5,002
468
820
235
677
r-
—
88
305
88
305
110
45'
75
359
212,268
102,282
78,611
44,396
712,209
343,180
263,759
304,459
212,636
102,463
78,748
3<7»668
247,891
119,446
91,804
41,527
192,3*3 151,601
87,851 63,412
67,518 48,737
32,044 22,638
342,463 133,082
165,018 64,127
126,828 49,285
182,275 40,135
Total U . S. gov't securities,
SIFect and guaranteed
5,938,907
437,557 1,623,607
431,515
500/668 • 369,726 266,388
438,327 1,626,595
Due from foreign bonks
47
3 . 1/
18
F . R . notes of other banks
52,058
946
4,804
Uncollected items
1,692,705 163,243
385,466
Bank p r e s s e s
39,985. ^2,722
10,305
Other assets
88,364
6,125
21,923
436,897
5
2,519
104,956
4,755
7,225
501,956 370,638 266,980
2
2
4
2,629' 10,294 •5,053
225,152 131,509 70,903
3,046
1,936
4,326
5,802
4,002
8,362
Total bills and
securities
TOTAL ASSETS
.6,007,6*4
504
,$500.
l/. After deducting
$29,000
55
65
72
10
190
137
1,340
200
31
4,034
75,616
36,436
28,004
13,669
137,028 113,453
66,032 54,668
50,747 42,016
29,433 16,930
^88,771
139,144
106,943
57,343
816,584 286,629
153,725
283,240 227,067
592,201
.816,999 286,810
154,139
*
284,717 227,171
l
1
596,435
4
6,697
6
• 6,241
208,626
1
3,325
78,558
10,887
4,043
2,917 2 , 1 1 0
28,769,43.6 1811,863 8,956,710 1727,779 2,501,276 1485,03810.39,344 4,703,1341120,684
•Less than
55
120
61
Industrial advances
13,999
U.S. Government securities,
direct and guaranteed:
Bonds"
2,789,331
Notes
1,344,059
Certificates
1,033,000
Bills
822,517
450-
—
1,9.41
33,666
1,309
2,473
5,323.
2,286
57,747. 51,191
2,808
1,060
4,340
3,545
181,688
2,691
. 9,632
672,439 1037,271 808,121 2,805,777
participations of other Federal Reserve Banks,.
@FedFRASER