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Form F. R. 283
STaTE&BNT FOR THE PHEISS

Released for publication
Saturday morning, Jan. 3l
not earlier•

Board of Governors
Federal Reserve System
January 2, Ityhfi

CONDITION OF TEE FEDERAL RESERVE B A M S

During the wook ended December 31 member bank reserve balances increased
,£3,000,000. Additions to member bank reserves arose from decreases of $,63,^00,000
in money in circulation,
000,000 in Treusury deposits with Federal Reserve
Banks, and'$63,000,000in nonmember deposits and other Federal Reserve accounts,
and an increase of
000,000 in Treasury currency, offset in part by decreases
of £136,000,000 in Ros^rve Bank credit ana >14*000,000 in gold stock, and an increase of %;20,000,000 in Treasury cash* Excess reserves of mumb^r banks on
December 31 vere estimated to be approximately 43*090,000,000, an increase of
$30,000,0u0 for the week.
The principal change in holdings of bills and securities was an increase
of $11,000,000 in United States Government bonds,
Changes in member bank reserve balances and related items during the week
and the year ended December 31* 19^1* v*^r© as follows:

Increase or decrease
since
uec* 31,
!9hL

Dec, 2!+,
I9lq

Dec* 31,
19U0

(In millions of dollars)

Bills discounted
3
U. S* Government direct obligations
2,21+9
U# S» Government guar^.teed obligations
5
Industrial advances (not including 15 million
comaitmex.ts - December 31)
10
othur Reserve Si.nk credit
9k
Total Reserve Baiik credit
Gold stock
Treasury currency

2,361
22,736
3,2US

Member bank reserve balances
12,450
Lonoy in circulation
11,161
Treasury cash
2*215
Treasury deposits with F% R. Banks
867
Uonmember deposits ojrid other F, R, accounts 1*651




-

- -

k

• 11

4

70
- -

-138
-

«

Ik
h

* 3
- 63
• 20
- U
- 68

•

2

•

lh

•

87
7U
161

4
•

-1,576
•2.1*29
4
2
4 1+99
365

Form F. R. 283-a
Reioased for publication Saturday morning, January J, 19^2* not earlier.
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COlffllNED
(In thousands of dollars)
Increase or decrease
since
Dec. 31,
191+0

Dec. 2l+,
191+1

Dec. 31,
19U1
A S S E T S
Gold certificates on hand and
due from U. S. Treasury
Redemption fund - F. F. notes
Other cash

20,490,015

13,668
260,678

- 25,003

•

-

739,231+

+

3,976
il+,l+3l

1,020

• 46,919

-

20,761+, 361

•

20,896

+

728,779

Bills discounted:
Secured by U. S.Gov't obligations.
direct and guaranteed
Other bills discounted

1,768
1,187

-

3,336
778

+

917
877

Total bills discounted

2,955

-

4,111+

+

Industrial advances
U. S. Government securities,
direct and guaranteed:
Bonds
Notes
Bills
Total U. S. Government securities,
diroct and guaranteed

9,504

206

•

1,966

1,1+66,805
777,300
10,370

+ 11,338

•

ii,25l+,l+75

Total bills and securities

2,266,931+

Due from foreign banks
F. R.notes of other banks
Uncollected icems
Bank premises
Other assets

47
36,287
1,200,721+
1+J,7O7
U3.679

* 3,3^1
- 17,705

+

+

-

T G T A L

24,352,799

+ 1U,797

• 1 , 090,933

-

9,9ll+

+2,261,172

+ 3,1+66
- 1+0,172
- 32,567

- 1 , .575,300

-

-

Total reserves

A S S E T S

-

1+0

—

-

mm <m

+

182,205
122,200
10,370

+ n,338

+

70,375

+

•

72,381

7,018
—

—

376

1,583

+
+

4.659
288,326
705
3,917

L I A B I L I T I E S

F. R. notes la actual circulation
Deposits:
Member bank - re&erve account
U.S.Trousurer-General account
Foreign
Oth^r deposits
Tot«.l deposits
Deferred availability items
Other liabilities including
accrued dividends

12,1+50,333
867,1+93
776,i+oo
583,832

- 96,1+69

-l,l4l|8,5J9

1,106,929

+127,825

274,150

-

3,688

+ 15,7!?4

46

-

•1,086,767

u i : T S

li+2,180
157,501
26,780
1+7,032

TOTIKL LIABILITIES AL® CAPITAL ACCOSTS

2l+,352,799

Ratio of total reserves to deposit t.nd
F. K. ixOt>j liabilities combined

90.8%

Commitments to make industrial advances

14,597




29,196

1+99,012
356,509
15,712

-

ll+,o78,058

2,150
23,979,306

TOTAL LIABILITIES

£ * Z I 1 £ £
i £ ° £
Capital paid in
Surplus (Section J)
Surplus (Section ljb)
Other capital accounts

8,192,109

4
+
-

66
1+36
5
1,1+51+

+

4
-

+ H+,797
+

.5/o
372

3,601
437
5
133
,090,933
—

*

9,371

F6rm F. R. 283-b
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECELL8ER 31, 194*
(In thousands of dollars)
A S S E T S
Total

Boston

New York

Phila.

Cleve.

G*ld .certificates cn hand and due
fron U. S. Treasury
20,490,015 1,162,307 8,164,207 1,2214,286 1,627,213
hedenption fund - F.R.notes 13,668
4,143
l,0i+7
892
919
other cash
260,678
25,589
46,842
19,345
23,521
Total reserves
20,764,361 1,192,039 8,212,096 1,2144,523 1,651,653
Bills discounted*
Secured by U. S.. Gov't obligations,
direct and guaranteed
1,768
260
100
615
624
Other bills discounted
1,187
50
75
87
Total bills discounted

2,955

260

690

674

187

Industrial advances
9,504
S. Governnent securities,
direct and guaranteed:
Bonds
1^4bo,805
Notes
777,300
Bills
10,370

1,883

1,098

3,468

233

113,230
60,005
800

335,294
204,178
2,7214

115,799
61,364
819

145,193
76,943
1,026

Total U. S.Gov't securities,
direct and guaranteed
2,254,475

174,035

592,196

$77,982

176,178
3
774
116,237
2,778
3,132

593,984
18
4,493
316,326
10,507
11,148

182,124
5
2,700
84,370
4,866
14,061

Total bills and
securities

2,266,934
Due froia foreign banks
47
F. h. notes of other banks
36,287
Uncollectad itens
1,200,724
Bank pre&ises
40,767
Other assets
43,679
T O T A L

A S S E T S




Rich. Atlanta

Chicago St.Louis

Llinn. Kans»Cy. Dallas

San Fran.

790,1|47 551,394 3,1423,782 632,0141 394,665 557,610 UlU,28i+ 1,547,779
1,1+37
451
1,122
643
401
754
566
1,293
14,393 17,035
33,858 17,602
5,418 11,759 13,784
26,532
8o6,2?7 566,880 3,1+63,762 650,286 4oo,484 570,123 428,634 1,575,604

——

14
—

50

105
848

109

50

953

109

18

—

—

14

18

477

306

300

514

92

244

124

89,615
47,488
634

62,241
32,983
44o

198,906
105,406
1,406

73.695
39,053
521

43,272
22,931
306

62,593
33,168
443

51,197
27,131
362

125,770
60,650
889

223,162

137,737

95,664

305,718 113,269

66,509

96,204

78,6^0

193,309

223,582
4
2,087
149,177
4,439
4,613

138,502
2
8760
83,669
2,982
2,751

96,155
2
4,no
42,290
1,948
1,797

306,0142 113,569 67,073
*
6
1
651
3,449
2,1+30
180,907 49,586 26,571
1,338
2,971
2,1^5
5,466
2,027
1,309

97,249
1
2,071
47,535
2,880
1,783

79,043
1
1,367
37,094
1,137
1,509

193,433
4
3,395
66,962
2,766
4,083

765

—

24,352,799 l,49l,l4l 9,148,572 1,522,64? 2,035,555 1,0»42,943 715,182 3,962,603 820,U54 497,426 721,6142 548,785 1,8146,247
•Less than $500.

Form F. R. 283-c
STATELIEST OF CONDITION OF THE FEDERAL RESERVE BANKS ON DECEMBER 31, 1941
(In thousands of dollars)
L I A B I L I T I E S
Total
F. R. notes in actual circulation
8,192,169
Deposits:
Member bank-re serve acct. 12,1+50,333
U.S.Treasurer-General acct. 867,493
Foreign
776,1+00
Other deposits
583,832
Total deposits

ll+, 678,058

Deferred availability items 1,106,929
Other liabilities including
accrued dividends
2,150
TOTAL LIABILITIES
C A P I T A L

Boston

New York

Phila.

Cleve.

671,656 2,110,650

575>036

778,072

431,489 278,561+ 1,719,536 322,0t>8 206,510 263,578 135,271

699,739

568,846 5,639,629
80,782
220,651+
29,51+3
306,991
9,527
475,283

661,703
73,578
74, 057
12,391

919,517
72,247
70,21+0
16,902

451,776 322,1+52 1,76^132 363,61+2 178,535 344,996 306,097
23,729 28,685
156,906 39,61+6 52,1+60 35,850 36,989
32,829 26,722
91,617 22,901+ 16,796 22,114 22,11+1
6,106
5,123
3,1+96 12,594 10,815
1,929
1,312

930,1+08
1+5,967
60,1+19
28,351+

688,698 6,6ib2,557

821,729 1,078,906

Rich. Atlanta

Chicago St.Louis

Minn. Kans.Cy. Dallas

San Fran.

5l4,U+0 382,982 2,0ll+,l5l 1+38,786 258,606 i+Ol+,916 367,139 l,065,1118

104,811

266,815

90,557

143,61+8

80,625

39,912

180,340

302

11+3

8l+0

173

21+6

1+4

165

1+7,312 22,551+ 1+1,731+ 34,806
32

8i+

I4I+

72

23,979,306 1,1+65,1+67 9,020,165 1,1+38,162 2,000,999 1,026,800 701,502 3,9ll+,l92 808,198 1+87,751+ 710,272 537,288 1,818,507
A C C O U N T S

142,180

Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS

157,501

26,780
47,032

9,403
10,949
2,874
2,1+48

51,806
56,651
7,070

12,880

11,923
15,171
4,393
3,000

li+,64o
14,345
1,007
4,564

5,709

4,800

5,236
3,2144
1,954

5,725
713
2,362

15,613
2^,925
1,429
8,lw4

4,417
4,9o6
529
1,944

3,003
3,152
1,000
2,517

4,600
3,613
1,137
2,020

4,359
3,976
1,263
1,899

11,827
10,792
2,121
3,000

24,352,799 1,491,i4i 9,11+8,572 1,522,649 2,035,555 1,042,943 715,182 3,962,603 820,054 497,1426 721,642 548,785 1,846,247

•Commitments to make industrial
advances
14,597

139

46o

2,617

l,o43

857

1,767

1,874

1,226

28

1,500

23

MATURITY DISTRIBUTION OF BILLS AND SECURITIES

Bills discounted
industrial advances
U. S. Government securities,
direct' and guaranteed




53,615

Total

Within
15 days

16 to
30 days

31 to
60 days

2,955
9,504

3,116

1,878

55
378

108
471

2,254,475

1,000

61 to
90 days

136
162
95,170

91 days to
6 months
653
1,224

6 months
to 1 Year

1 Year
to 2 Years

2 Years to
5 Years

125
1,289

1,541

1,323

97,000

247,200

1+77,000

Over
5 Years

1,337,105

3,Oo3

Form F. R. 283-d

FEDERAL RESERVE NOTE STATEMENT ON DECEMBER 31, 1 94l
(In thousands of dollars)

Total

Boston

New York

Phila.

Clove.

Rich. Atlanta Chicago St. Louis

Liinn. Kans.Cy. Dallas San Fran.

Federal Reserve notes:
Issuud to F.R.Bank by F.R.Agent 8,611,926 700,116 2,210,118 602,134 811,693 1461,916 303,618 1,763,1428 341,354 213,129 274,221 149,933 730,266
Held by Federal Reserve Bank
419,757 26,460
99.468 27,098 33,621 30,427 25,054
43,892 19,286
6,619 10,643 l4,oo2 80,527
in actual circulation

8,192,169 671,656 2,110,650 575,036 77*3,072 431,439 273,564 1,719,536 322,068 206,510 263,578 135,271 699,739

Collateral-hold by agent as security for notes issued tu bank:
Gold certificates on hand and
due from U. S. Treasury
8,724,000 720,000 2,220,u00 615,000 815,OoO 475,000 310,000 1,780/300 350,0u0 2l4,^o0 £-75,000 15o,j00 7^4,oJO
Eligible paper
2,567
260
690
624
~
—
-~
—
50
943

Total collateral




8,726,567 720,260 2,220,690 615,624 315,-00 475,ooo 310,OJO 1,7^0,000 350,000 214,050 275,943 156,000 794,JJO