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Forra F. R, 283 STATEMENT FOR THE PRESS Released for publication Friday morning, Jan. 24; not earlier. Board of Governors of the Federal Reserve System January 23 , 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 22 member bank reserve balances decreased $4,000,000. Reductions in member bank reserves arose from increases of $24,000,000 in Treasury deposits with Federal Reserve Banks and $8,000,000 in noruuenber de posits and other Federal Reserve accounts, offset in part by increases of $23,000,000 in gold stock, $3 ,000,000 in Treasury currency and $2 ,000,000 in Reserve Bank credit. Excess reserves of member banks on January 22 were estimated to be approximately $6 ,860,000,000, a decrease of $40,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended January 22, 1941, were as follows! Increase or decrease since Jan. 22, 1941 Jan. 15, 1941 Jan, 24, 1940 (in millions of dollars) Bills discounted 4 U.S. Gov’ t securities, direct and guaranteed2,184 Industrial advances (not including 5 million commitments - January 22) 8 Other Reserve Bank credit ----------------------61 + 2 3 - 293 + 3 42 Total Reserve Bank credit Gold stock Treasury currency 2,256 22,089 3,095 + 2 + 23 + 3 - 258 +4,210 + 12.6 Member bank reserve balances Money in circulation Tree.siiry cash Treasury deposits with F. R. Banks lionaember deposits and other F.R. accounts 14,410 8,541 2,196 261 2,033 + + + + 2,262 +1,176 - 185 — 246 +1,071 4 1 1 24 8 Form F, R. 283-a Released for publication Friday morning, January 24,1941? not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Jan. 24* Jan. 22, Jan, 15« 1940 ....... 19ÁL____ , . im _ ASSETS Gold certificates on hand and 19,879,778 due from U. S. Treasury + 33,998 +4;,396,658 + Redemption fund - F. R. notes 9,826 + 104 1,224 Other cash 49,772 + 2,584 . 363,401 Total reserves + 36,686 +4 ,348,110 20,253,005 Bills discounted* Secured by U. S. Gov’ t obligations, direct and guaranteed Other bills discounted Total bills discounted Industrial advances U. S. Government securities, direct and guaranteed! Bonds Notes Total U. S. Government securities, direct and guaranteed Total, bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S F. R. notes in actual circulation Deposits! Member bank - reserve account U. S. Treasurer - General account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES c a p i t a l - 239 349 110 8 + - 1,616 5,068 3,452 3,411 1,284,600 899,500 - - - - 59,445 - .m*725 2,184,100 — — — - 293,170 - 300,033 118 - 418 - 61,635 13 528 + + 3,136 + 199,386 1,649 — 11,220 24,970 +4 ,237,730 5,834,506 + 9,654 +1 ,006,754 14,409,560 261,012 1,230,690 519,575 16,420,837 779,123 4,009 23,945 + 854 + 7,628 + 28,4.18 — 63,459 2,428 23,036,894 2.55 - 25,132 139,351 157,065 26,785 47,010 23,407,105 + 2,195,149 47 29,402 839,957 40,062 49,483 23,407,105 - 4. ------ +2 ,261,904 246,473 + 8.1.0,123 + 219,561 +3 ,053,115 + 157,173 - _______ 437 +4 ,217,479 a c c o u n t s Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to najfce industrial advances 91.056 5,095 1—( 1 £ 2,260 1,289 3,549 7,500 45 ----------- + 117 - 24,970 - + 6* figures revised. + + 3,397 5,345 54 + 11,563 +4 ,237,730 + - 3»6$ 3,300 Form F. R. 283~b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OU JANUARY 22, 1941 (In thousands of dollars) ASSETS Total Boston Gold certificates on hand and due from U. S. Treasury 19,379,778 1,185,420 Redemption fund - F.R.notes 9,826 1,090 Other cash 32,536 363,401 New York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 9,782,711 1,051,808 1,360,876 557,356 369,570 ;2,883,729 492,097 309,586 420,728 278,360 1,187,537 1,456 864 296 494 1,925 430 360 4-80 1,014 114 1,303 77,981 24,797 26,914 22,948 25,212 52,183 20,294 7,764 18,072 15,794 38,906 Total reserves 20,253,005 1,219,046 9,862,148 1,077,469 1,388,284 582,229 395,212 ;2,936,926 512,505 317,646 439,160 294,634 1,227,746 Bills discounted: Secured by U. S. Gov't obiigations, direct and guaranteed 2,260 1,010 20 428 8 630 10 2 109 43 Other bills discounted 1,289 11 166 96 70 17 14 73 325 465 29 23 ------------ — Total bills discounted — 3,549 20 955 594 106 25 16 1,083 11 179 508 Industrial advances 7,500 U. S. Government securities direct and guaranteed: Bonds 1,284,600 Notes 899,500 915 1,755 2,037 247 779 335 274 3 263 73 93,212 65,269 372,013 260,490 102,835 72,007 Total U. S. Gov*t securitie s* direct and guaranteed 2,184,100 158,481 632,503 2,195,149 159,416 47 29,402 839,957 40,062 49,483 3 655 75,402 2,833 3,403 635,213 18 3,182 201,642 9,702 13,731 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets T O T A JL A S S E T S — — — — 29 23 278 541 126,632 70,566 53,587 88,671 49,410 37,522 144,046 60,66].39,320 64,518 51,073 100,864 42,477 27,532 45,177 35,762 106,137 74,319 174,842 215,303 119,976 91,109 244,910 103,138 66,852 109,695 86,835 180,456 177,473 5 1,003 58,158 4,529 4,273 215,656 120,780 91,460 2 2 4 2,399 6,072 2,966 92,295 86,945 40,068 4,574 2,591 1,990 2,003 5,315 3,006 246,267 103,152 67,294 110,276 87,136 * 1 1 6 1 701 2,636 2,529 703 1,773 102,980 4-8,993 18,139 30,967 39,535 3,040 2,318 1,367 3 5043 1,226 2,354 1,978 5,278 2,188 1,548 181,026 4 4,783 44,833 2,849 4,4o6 23,407,105 1,460,758 10,725,636 1,322,910 1,708,527 801,625 533,701 3,297,133 671,686 406,697 587,574 425,211 1,465,647 *Less than $500. Fora F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAUES Oli JANUARY 22, 1941 (In thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual cir culation 5,834,506 Deposits» Member bank-reserve acct. 14,409,560 U.S.Treasurer-General acct. '261,012 Foreign 1,230,690 Other deposits 519,575 Total deposits 16,420,837 Deferred availability items 779,123 Other liabilities including accrued dividends 2,428 Boston New York Phila, 471,389 1,542,876 403,782 536,729 276,008 194,353 1,255,499 219,809 156,549 209,452 95,368 472,692 818,703 7,667,269 10,001 80,430 54,841 723,091 7,669 409,987 712,489 17,530 76,631 20,939 956,489 378,855 243,708 1,756,557 349,372 183,311 289,050 238,188 15,290 9,258 13,168 37,¿/c 11,656 19,439 15,676 13,950 72,681 33,971 27,651 94,£02 23,700 17,380 22,910 22,910 1,516 5,521 3,637 4,680 5,375 7,515 5,201 10,183 815,569 17,336 60,122 37,352 891,214 8,880,777 72,264 173,575 827,589 1,049,981 425,721 289,207 1,894,012 392,243 225,331 337,819 276,564 87,350 83,751 36,514 100,059 47,916 15,085 29,032 41,798 56,832 930,379 34,947 313 499 276 Cleve. 224 Rich. Atlanta Chicago 3■ t.Louis Minn. Kians.Cy* Dallas San Fran. 280 116 293 71 103 75 77 101 23,036,894 1,435,180 10,597,727 1,288,479 1,674,284 785,760 520,190 3,249,863 660,039 397,068 576,378 413,831 1,438,095 c a p i t a l AC COO H T S 14,578 4,236 2,977 4,478 Capital paid in 14,352 5,399 4,764 4,244 51,450 139,351 11,897 11,635 9,341 0 /" ’ P'VSurplus (Section 7) 4,925 5,247 3,152 157,065 10,906 3,974 5,725 10,785 15,144 3,613 56,447 14,323 1,429 Surplus (Section 13b) 2,121 1,007 3,244 533 1,000 1,138 1,^63 26,785 7,070 2,874 713 4,393 8,439 Other capital accounts 4,561 2,500 1,967 47,010 1,899 3,011 1,975 2,309 1,953 12,942 2,997 2,457 TOTAL LIABILITIES TOTAL LIABILITIES AND 23,407,105 1,460,758 10,725,636 1,322,910 1,708,527 801,625 533,701 3,297,133 671,686 406,697 CAPITAL ACCOUNTS Commitments to malie industrial advances 234 670 94 744 537 - 24 254 46 5,095 MATURITY DISTRIBUTION OF BILIS AND SECURITIES 16 to 3 1 to 61 to 91 days to 6 months 1 Year Within 30 days 60 days 90 days 6 monthsto 1 Year to 2 Years Total 15 days Bills discounted 2,788 87 164 275 224 11 3,549 63 205 343 505 1,226 1,464 Industrial advances 7,500 1,375 U. S, Government securities, 100.000 181,800 58,300 74,800 clarect and guaranteed 2,184,100 587,574 425,211 1,465,647 35 4 2 Years to Over 5 Years 5 Years 2,319 633,400 1,135,800 2,453 Form F. R. 283-d FEDERAL RESERVE KOTE STATEMENT ON JANUARY 22, 19Al (ln thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy.Dallas San Fran. Federal Reserve notes? Issued to F.R.bank by F.R.agent Held by Federal Reserve Bank 6,177,883 501,289 1,622,4-90 423,360 563,849 293,855 217,566 1,295,315 233,735 163,018 217,638 105,820 539,948 343,377 29,900 79,6l4 19,578 27,133 17,347 2.3,213 39,816 13,926 6,4o9 8,186 10,452 67,256 In actual circulation 5,834,506 471,389 1,542,876 403,782 536,729 276,008 194,353 1,255,499 219,809 156,549 209,452 95,368 472,692 Collateral held by agent as se curity for notes issued to banks Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 6,334,500 510,000 1,645,000 440,000 570,000 315,000 225,000 1 ,310,000 244,000 165,500 225,000 111,000 574,000 1,968 20 716 557 - 8 - - - 170 497 - 6,336,468 510,020 1,645,716 440,557 570,000 315,008 225,000 1 ,310,000 24-4,000 165,670 225,497 111,000 574,000
@FedFRASER