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Form F. R. 283 STATEL.ENT FOR THE PRESS Released for publication Friday morning, Jan. lo; not earlier. Board of Governors of the teaeral Reserve System January 15, 191*2. CONDITION OF THE FEDERAL RESERVE BaNKS During the week ended January member bank reserve balances increased .i>275,000,000. Additions to member bank reserves arose from decreases of 000,000 in Treasury deposits with Federal Reserve Banks and ^7,0u0,000 in money in circulation, and increases of ^000,000 each in Reserve Bank credit and Treasury,currency, offset in part by a decrease of /d,000,000 in gold stock and increases of 000,000 in Treasury cash and ^19,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reseives of member banks on January lij. were estimated to be approximately v3, 5^0,000,000, an increase of v170,000,000 for the we etc. Changes in member bank reserve balances and related items during the week and the year ended January 14, 19^+2, were as follows: Increase or decrease since? Jan. lU, 1942 Jon, 7* 19142 Jan. 15; 191+1 of dollars) (In 1:milions . Bills discounted U. S. Government direct obligations TJ. S. Government guaranteed obligations Industrial ^advances (not including ll; million commitments - January II4.) Oth-sr Reserve Bank credit „ k 2,2149 — 5 — 10 123 70 — — + 5 + 64 4 • + 156 074 160 Total Reserve Bank credit *jrold stock* Treasury currency £,390 22,71+0 3,252 + - 4 2 • h member banlc reserve balances Lioixey in circulation Treasury c-ash treasury deposits with F. R.Banks Konmember deposits and other F. R. accounts 12,992 11,0o2 2,221+ U19 l,o86 +275 - 47 + 4 -244 * 19 -1,422 +2,520 + 29 + 132 - 359 Form F. R. 283~a Released for publication Friday morning, January 16, 191+2; not earlier. STiiTKISNT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease s inc e Jan. 15, 191+1 J an• 7 > 19U2 J^n. ll+, 19U2 A S S h, T S Gola certificates on hand and due from li. S. Treasury redemption fund - F.R. notes Cth^r cash 20,14.83,015 13,l+3o 337,^53 233 * 41,230 - 61+2,235 3,7ll+ 23,1 ol+ Tooal reserves 20,839,10.'4. + 38,995 + o22,785 + - + 1497 57U 77 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed OtLor bills discounted Total bills discounted Industrial advances U* S. Government securities, direct and guaranteed; Bonds Notes Bills 2,518 1,061+ 3,582 I A B I L I T I E Deferred availability items Other liabilities including accrued dividends C LIABILITIES A P I T A L 777,300 — - 10,370 — + 182,205 122,200 10,370 — + 70,375 ol+5 + 72,302 - 2,197 +211,702 • 51 + 1,1+01+ + + + 7,597 308,568 717 3,501 +249,290 +1 ,008,268 - +2,31+5,732 1+7 37,217 1,210,160 1.0,792 1+5,1+39 2l+,1+1+0,328 8,170,581+ 12,991,582 1+I8,o09 75l+,8l6 61+0,156 lU,805,lo3 1,087,392 3,179 - 8,173 +27U,828 -2U+,oU5 - 32,51+8 + 51,972 + 1+9,007 -1,1+21,987 181,5142 U75.020 + 128,209 + -1,587,256 +207,11+8 + + + 029 2UU,810 1,006 00k,292 +21+9,211 +1 r • 93 + + 1+6,91+8 ih + 2l|,1+1+0,328 +21+9,290 2l+, 0 0 6 , 3 1 8 A C C O U N T S Capital paid in Surplus (Section 7) Surplus (oection 13b) Other capital accounts TCTiiL L I A B I L I T I E S A N D C A P I T A L ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to make industrial advances 2,00l+ S F. R. notes in actual circul.^.tion Deposits: kember bank - reserve account U.S.Treasurer-General account Xwoi eign Other deposits I'ot^l deposits TOT.XL - + 2,207,569 L - — Total bills and securities A S S E T S + + 107 1,1466,805 2,25)4., 4 7 5 T 0 T IX L 527 1,065 538 9,512 Total U. S. Government securities, (lii ect and guaranteed Due from foreign banks F. R. notes of oth~r ba>iks Uncollected items Bank premises Otiier assets - 2,002 11+2,780 157,502 26,780 90 • 7/o ll+,l+27 — — - 3,k7k k37 5 70 +1 ,008,268 - — I+07 + 9,338 Forn F. R. 283-b STATEMENT OF CONDITION OF THE PEL2RAL RESERVE BANKS ON JANUARY 14, 1942 (In thousands of dollars] A S S E T S Total Boston New York Phila. CIeve. Gold certificates orx hand and due from u.S. Treasury 20,1+83,015 1,203,336 8,033,144 1,201,248 I,6l9,2i4.6 Redemption fund - F.R.notes 13,436 1,625 735 791 4*039 31,238 Other Cash 357*653 64, 646 24,413 31*533 Total reserves 20,839,104 1 ,238,908 6,099,415 1,226,3*6 1,051,275 Bills discounted; becured by IT. S. Gov't obligations, direct and guaranteed 2,518 Other bills discounted 1,064 630 — 75 101 — 9bo 819 176 — Industrial advances 9*512 U. S. Government securities, direct and guaranteed: Bonds 1,466,805 Kotes 777*300 Jills 10,370 1*879 1,098 3,503 280 107,926 57*193 763 1+04,959 314,597 2,803 H5,64i 01,366 ui9 145,076 70,00O 1,026 Total U. S. Gov't securities, direct and guaranteed 2,254,475 165,802 622,419 178,046 Total bills and securities 168,391 624,457 10 2,267,569 Due from foreign banks 47 F. k. notes of other banks 37,217 Uncollected items 1,210,160 Bknk pr end s e s 40,792 Other assets 45*439 T O T A L A S S E T S 3 1,293 3,034 116,6o3 285,575 2,77c 10,507 3,11 u. 12,393 Minn. Kans.Cy. Daila.s San Fran. 825,612 577,186 3,532,970 661,303 3^6,752 500,3o> 411,515 1,651,363 749 70 63O Chicago St.Louis 808,474 5?2,^33 3,476,727 636,654 3?0,07> 5^9,043 3?4,571 I,ol7,710 1,238 bOy 962 727 543 1,395 385 22,100 6,266 16,401 53,261 32,415 15,79? 15,743 23,618 900 i+o 3,582 Total bills discounted Rich. Atlanta 14 — — 14 — — - - — 60 56 90 700 — — 118 790 523 92 69,232 44,291 36,713 ^3,471 313 • 490 67,075 35,546 474 57,154 30,207 4o4 126,710 o7,147 696 200 — — 95 — 95 — 123 514 2d9 37,060 46,456 o20 62,591 33,063 441 17o,434 94,5?7 1,261 222,982 134,744 95,695 274,252 106,465 68,075 103,095 67,845 194,753 182,370 223,436 135,508 4 2,365 155,972 4,439 4,875 2 11,193 8 5 , 5 1 4 46,676 274,541 106,685 6 1 1,625 3,1+43 193,875 50,007 2,971 2,153 2,013 5,159 68,716 103,977 3o,I87 * 1 1 1,006 2,954 1,233 25,977 42,735 41,823 1,141 2,374 .1,338 1,372 2,014 1,693 194,876 5 1,425 o2,403 4,366 3,306 96,423 2 ^ 4,084 764 3,008 2,913 24,i440,32G 1 ,531,100 9,035,399 l,5ol,271 2,042,368 1,063,700 1,949 l,ull 247 4 3,532 76,300 2,766 4,271 726,133 4,012,905 030,^49 495,360 720,924 ^45,371 1,953,200 *Less than v500. Form F. R. 283-d STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY ll+, 191+2 (In thousands of dollars) L I A B 1 L 1 T I E S Total b. ft. notes in actual cir6,170,501+ culation Deposits: iViember bank-reserve acct. 12,991,582 1+I8,o09 U.S.Treasurer--General acct. 75l+,0l6 Foreign 61+0,156 Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES ll+,005,l63 1,037,392 3,179 Cleve, 662,536 2,098,21+1 573,907 770,692 1+26,199 276,930 1,721,14+0 321,366 207,953 261+, ll+6 132,971+ 653,1+73 5,707,268 31,621 69,1+82 29,526 300,161 1+69,009 22,339 679,601+ 35,175 70,969 27,239 970,138 35,1+13 68,012 17,529 l+61+,685 338,520 1,925,861 1+0,61+7 35,202 23,660 90,190 32,527 25,071+ l+,032 5,773 5,2O5 736,959 6,566,720 105,362 21+1,173 013,037 1,J91,092 79,270 137,61+3 1+79 523 330 San Fran. 301,902 190,551+ 359,817 3H,5l+0 1,008,220 21+, 105 39,101+ 21,617 25,776 20,301 22,173 16,261+ 21,1+39 21,1+39 56,237 12;, 679 10,51+0 1,526 3o,320 3,035 530,107 393,3u5 2,060,730 1+1+2,061+ 256,1+62 1+0,+,399 3ol,790 1,131,570 173,900 5l+,203 21,11+9 l+o, 090 30,903 02,909 1+3,907 o7,739 303 162 350 69 117 106 119 30 9,1+03 10,91+9 2,871+ 2,1+39 52,188 56,651 7,070 12,877 11,879 15,171 l+,393 2,998 Ll+,73<S ll+, 31+6 1,007 l+,5l+2 5,726 5,236 3,21+1+ 1,936 l+,905 5,725 713 2,336 15,693 22,925 1,1+29 8,1+10 l+,l+27 l+,9o6 529 l,9U5 3,016 3,152 1,000 2,511+ l+,608 3,613 1,137 2,017 i+,372 3,976 1,263 1,891+ 11,82710,792 2,121 2,990 21+,1+1+0,328 1 , 5 3 1 , 1 0 0 9,035,399 1 , 5 0 1 , 2 7 1 2,01+2,388 1,063,760 728,133 1+,012,965 830,141+9 1+95,368 720,921+ 51+5,571 1,933,200" Commitments to make industrial advances ll+,l+27 139 1+26 2,910 1,077 835 1,700 l,87l+ 1,191+ 28 1,500 2,71+1+ ailATURITY DISTRIBUTION OF 3ILLS AND SECURITIES Total 3,582 9,512 Bills discounted Industrial advances U. S. Government securities, direct and guaranteed 2,25!+,1+75 706,115 2l+,066,313 1,505,1+35 0,906,613 1,1+66,030 2,007,757 1,01+7,590 7ll+,L+2i+ 3,961+,506 316,502 1+O5,636 709,51+9 533,^66 1,905,1+70 C A P I T A L A C C O U N T S Capital paid in 11+2,700 Surplus (Section 7) 157,502 Surplus (section 13b) 26,780 Other capital accounts 1+6,91+8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Minn. Kans.Cy. Dallas Phila. 570 Rich. Atlanta Chicago St.Louis New York Boston Within 15 days 2,621+ 3,133 1,000 lo to 30 days 32 600 31 to oO days 1+8 195 95,170 ol to 90 days 318 156 91 days to 6 months 1+35 1,161 2 Years to 5 Ye^rs 6 months to 1 Year 1 Year to 2 Years 125 1,337 1,560 1,370 97,000 21+7,200 1+77,000 Over 5 Years 1,337,105 Form F. R. 283-d FEDERAL RESERVE NOTE ST^TE^EKT ON JANUARY 14, 1942 (In thousands of dollars) Tot^l Federal Reserve notes: Issued to F.R.Bunk by F. Regent Held by Federal Reserve Bank In actual circulation Boston New York Phila. Clevo. Rich* utlarta Chicago St#Louis ,.dnn. K^ns.Cy. Dallas San Fran. 8,629,228 699,846 2,218,773 o00,358 811,291 463,681 301,465 l,7o9,276 3^1,923 213,631 274,550 148,131 786,303 458,644 37,310 120,532 26,371 32,599 37,^82 24,535 47,836 20,557 5,673 10,404 15,157 80,188 8,170,584 662,536 2,093,241 573,987 778,692 426,199 276,93u 1,721,440 321,3^6 207,956 264,146 132,974 706,113 Collateral held by agent as security lor notes issued to bank: Gold certificates on hand and erne from u. fc>.Treasury Eligible paper Total collateral 8,7o0,500 72«j,000 2,240,0oJ 615,000 815,000 475,000 31u,OJO l,780,00u 350,0j0 217,000 280,000 154,500 804,000 3,191 030 915 749 — " ~ " — 118 7?^