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Form P. R# 283 STATEMENT FOR THE PRESS Released for publication Friday morning, Jan. 15; not earlier. Board of Governors of the Federal Reserve System January Ik, ljlfi. CONDITION OF THE FEDERAL RESERVE BA1IKS During the week ended January 13 member bank reserve balances decreased $185,000,000. Reductions in member bank reserves arose from increases of $56,000,000 in Treasury deposits with Federal, Reserve.Banks.andk$135,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $lOli ,000,000 in Reserve Bank credit, offset in part by an increase of $37*000,000 in Treasury currency and decreases of $71,000,000 in money in circulation and $2,.0Q0,P00^ in Treasury cash. Excess reserves of member banks on January 13 were estimated to be approximately $2,150,000,000, a decrease of $180,000,000 for the week. The principal change in holdings of bills and securities was a decrease of $57,000,000 in United States Government securities. Bonds decreased $1^,000,000 and bills $53,000,000. ' '' Changes in member bank reserve balances and related items during the week and the year ended January 13, I9ll3# were as follows: Increase or decrease since Jan. 13, I9h3 Jan. 6, 19U3 Jan. lit, 191+2 (In millions of dollars) Bills discounted , 7 U. S. Government direct obligations. 5*935 U# S. Government guaranteed obligations 4O Industrial advances (not including 11 million commitments - January 13) 13 Oth^r Reserve Bank credit 279 Total Reserve Bank credit Gold stock Treasury currency 6,2% 22,712 3,697 Member bank reserve balances 13,279 Money in circulation 15,322 Treasury cash 2,190 Treasury deposits w th F. R. Banks 329 Nonmember deposits and other F#R.accounts 1,563 3 - 3> + 3 + + l 50 + - . 60 + + + 3 686 35 3 156 -lolj -• 37 +3,88l| 28 + hh5 -185 - 71 - 2 + 56 +135 + 287 +1[,260 - 3l± 90 - 123 form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 13, l$h3 (In thousands of dollars) Boston New York Phila. Cleve. , Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. L I A B I L I T I E S Total F. R. notes in actual circulation 12,109,279 870,9IU 2,750,832 81*5,829 1,13!*,858 779.309 51+1,598 2,l*il*,637 510,835 30l*,733 1+25,663 21*6,1*1*6 1,283,625 Deposits* Heifer bank-reserve acct. 13,279,089 673*707 h, 975,792 672,067 1,011,855 527,368 50l+*360 1,928,21*5 1*51,1+16 272, 563 . 1*89,028 500. 33k 1,272, 3l*9 3?.U.S.Treasurer-general acct. 328,736 l6-;352 79,616 22,392 27,269 18,215 12,-173 68,1*67 11,690 12,239 ll+,007 10,362 55: 707 Foreign 829,1*35 21*,936 l/385>852 69,375 67,181* 31,1+01 25,559 89,092 21,908 16,066 20.1*1*7 21,908 1*9,902 1,250 Other 1*78,376 6,21*6 295,618 7,02o 61*,200 1 0 , 7 1 5 3,1+1+6 2,739 H+,526 11,1*63 ll*,915*636 721,21*1 5,736,878 771,351+ 1,170,508 587,699 51+5,538 2,088,51+3 1+99*51+0 312,386 531,733 536,851; 7,1*13 "362 Total deposits 10l*,203 Deferred availability items 1,123,899 103*268 21*1*,6ll* 68,658 116,771 90,522 52,529 173,588 55,871 23,315 55,9oh 39,597 Other liabilities including accrued dividends 1*,008 550 571 318 33l* 330 152 553 111 301 . l*9l* 86_ 153_ 2,801,31+3 TOT^L LIABILITIES 28,157,822 16?5,973 8 , 7 3 2 ^ 5 1686,159 2,1*22,1*71 11*57,910 1139,816 1*,677,326 1066,357 61*0,735 1013,851; 822,993 CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 28,51+0^585 53,667 11,160 26,829 119,052 ommitmonts to make industrial advances F.k. notes outstanding Collateral for F.R.notes held b y F.R. Agents: Gold certificates Eligible paper U.S»Gov't securities 9*518 11*6,1*71 160-,i*ii n,7l*3 15,670 l+*393 3,H5 58,001 2 >.071* 7,070 13,3U9 2,656 15,U+1+ 11*, 767 1,007 1*,678 5*899 5,236 3,21*1* 2,179 5,207 5,725 717 2,301* 16,358 22,925 1,1+29 3,352 l+*5 55 3,038 1*,966 3,221 1,000 2,563 530 2,121 1+.733 3,613 1,137 2,168 l*,l*6o 12,095 1*,033 11,01*1* 1,307 2,121 i,9U8 3,H9 1 722,181 8,861*,982 1721,080 2,1*53,067 : 11*71+,1*68 1153*769 U,726,890 1073,533 ^0,607 1025,505 83l+,73l 2,329,722 3,336 11,198. 119 ' 261 12,687,652 909,570 2 , 8 9 5 , 7 1 7 12,1*63,000 .2,900 335,000 363,000 2,915,000 11*0 50,000 2,605 1,1*91 357 1/007 118 — 87li,332 1,176,178 831,183 795,000 1,130,000 70 — 100,000 — 727,000 555,ooo 2,500,000 . 35 — — 125,000 30,000 — 580,362 2,1*71,066 1,633 — 2,326 %1,1*1*1* 312,130 1*30,000 315,000 — — 75,ooo — 277,71+9 1,378*693 1*38,728 1*1*0,000 50 5,000 231*,000 l,l*0i*,000 MATURITY DISTRIBUTION OF BILLS iiND SECURITIES Total Bills discounted 6,987 Industrial advances 13,030 U. S. Government securities, direct and guaranteed 5,975,11*1 31 to Mthin 15 days 16 to 30 days 60 days 3,669 8,1*01 30 558 l,5i+9 83 155,21*9 532,793 262,377 61 to 9 0 days 1,719 9I days to 6 months 18 966 59^ 251*,332 250,875 6 months to 1 year ~~ 2 1,389 611*,700 l / A f t e r deducting $1*1*2,037,000 participations of other Federal Reserve Banks. 1 to 2 years 933 21*1,575 2 to 5 years Over 5 years 106 i,l*ol*,77l* 2,257,966 Form F* K. 233,a Released for publication Friday morning, January 15, 1943; n o t earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE B A H K S COMBINED (In thousands of dollars) Increase or decrease since Jan# ll;, Jan, 6, Jan. 13, 1942 191*3 19U5 A S S K TS Gold certificates on hand and due from U. 8 . Treasury Redemption fund - F.k. notes Other cash Total reserves 996 + Uoii,205 + 44,054 + 22,267 13,209 66,552 • 20 >91+6,132 + 1+2,1*55 + 107,028 1,005 + 432 2,973 20,510,232 31,61*5 Bills discounted: Secured by U.S# Gov't obligations, direct and guaranteed Other bills discounted Total bills discounted 2,950 U,037 6,9*" 7 Industrial advances U. S* Government securities, direct and guaranteed: Bonds Notes Certificates Bills Total Ut S, Government securities, direct and guaranteed 2,739,131 1,3^5,059 Total bills und securities Due? from foreign banks F. R, notes of other banks Uncollected items Bank premises Other assets TOTAL aSSETS 603 - + + 1.1*97 + 2,502 + 3,405 719 + 3,518 13,030 • i,oUi,ooo 3,1*50 +1,322,326 — + 567,759 +i,oUifooo — 799,951 - 53,579 + 5,975,lUl - 57,029 +3,720,666 5,995,150 - 53,303 +3 ,727,589 „ hi ' '60,667 + 1,1*07,1*92 - 39,279 91,810 23,5U0,535 «... 133 58,879 — + - 739,531 + + - 1,791 + 23,450 197,332 1,513 46,376 68,303 100,262 6Q.m +3,938,695 L I A B I L I T I E S F. R. notes in actual circulation Deposits t Member bank-reserve account U. S, Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTaL LLiBILITI2S C A P I T A L A C C O O N T S Capital paid in Surplus (Section 7) Surplus (Section ljb) Othor capital accounts TOTAL LIABILITIES AMD GAPI'L.L ACCOUNTS Ratio of total reserves to deposit and F. k, note liabilities combined Commitments to make industrial advances 12,109,279 13,279,039 + + 55,679 323,736 + 26,829 329,435 473,376 . +108,5^3 lh,915,636 1,123,399 ' • .161,780 6,itl2 + 110,473 3,424 + 41,507 807 + 329 69,383 lii.2 + 160,Uli 26,829 23,540,535 74,619 - + 23,157,322 19,052 + 237,507 39,873 • 4,003 ' 146,471 - — - - + - 77.54 + 11,193 - 933 68,303 .3% 695 +4,091,504 + + + + 3.691 2,909 49 2,109 +4,100,262 - 13.295 3,229 Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 13, 1943 (In thousands of dollars) A S S E T S Total Boston New York Gold certificates on hand and due from U # S # Treasury 20,51Q : ,282 1 1 0 9 , 8 7 8 6,851,052 Redemption fund - F#It.notes 31, 1,927 1,079 Other cash 79,748 4o,415 Total reserves Phila. C1eve. 1 1 3 8 , 1 1 9 1,703,018 . Rich. Atlanta liinn. Kans.Cy. 22,945 793,667 3,517,473 1,776 1,335 29,100 45,506 >693,610 439,3£9 4,170 19U 3,971 ' 21,559 20,9^6,132 1151,372 6,932,727 1168,854 1 ,760,316 1003,288 824,543 3*564,314 719,339 448,514 Bills discounted: Secured by U*S* Gov't obligations, dircct and guaranteed; 2,950 Other bills discounted U,037 5,527 25,208 1,062 56,236 973,525 •6,818 1U0 2,605 70 mrn mm 1,708 380 40 405 172 4,313 450 445 Industrial advances 13,030 U. S # Government securities, direct and guaranteed: 3onds 2,789,131 Notes . 1,31*5*059 Certificates i„oia,ooo Bills 799,951 1U0 h72 611 4,530 811 205,741 99,218 76,789 £6,613 747,294 360,382 220,216 Total U,S # 'Gov't securities, direct and guaranteed 5,975, l U 428,361 1,580,704, 452,405 537,636 343,732 £28,973 1,^85,623 1/ " 18 3 1,488 "£,595 308,212 131,381 2,722 9,823 6,242 23,979 538,892 3££,665 254,266 Total bills discounted Chicago St.Louis 6,987 273,916 19U.H2 106,I99 82,192 43,798" 264,482 127,546 98,714 46,894 35 — — — 656,o£5 5£O,2-66 2,094,280 336 14,447 50 — 438 120 88 112 207 140 488 120 88 162 676 473 263 7 377 750 168,620 124,727 81,316 60,150 62,935 46,553 3 0 , 9 H 22,2a3 342,840 165,333 133,331 64,301 49,764 36,742 31,733 25.3,653 127,960 ' 344 17,021 7,077 43,049 670,828 557,631 2,144,406 • i4o 234,869 Dallas 1San Fran. 120 10 304 120 29 £,031 132,609 109,309 39,£20 63,951 52,712 258,229 124,531 40,793 16,549 41,345 30,505 12,87£ 921,002 ' 2 3 4 ; 158 164,532" 49,£9£ 23,021 269,075-219,368 3i£ 96,330 • 520,485 * Total bills and securities 5,995,158 Due from foreign banks hi notes of other banks 60,667 Uncollected items 1,407,492 Bank premises 39*279 Other assets 91,810 TOTAL ASSETS 457,385 5 1,602 31,320 4,755 7,159 4^ 2,546 142,574 4,326 9,£.09' 28,51*0,585' 1 7 2 2 , 1 8 1 8,864,982.1721,080 2,1*58,0.67 •Less than $500. 2' 15,271 102,603 3,o46 5,593 "2 5,659 63,641 1,726 3,932 1474,4631153,769 921,753 234*265 1.64,997 269,987 / 6 • • • l 3,329 5,891 220,791 65,116 2,110 2,917 11,218 ' 4,373£^6,890 1078,533 * 1,910 31,109 1,309 2,768 219,517 l l 2,496 6,£44 70,973 50,516 2,^02 1,052 4,470 3,568 650,607 1025,505 l/ After deducting $29,000 participations of other Federal Jteserve Banks. 8314,781 524,830 4 9,£36 139,256 2,6?l 9,099 2,829,722
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