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torn F. 'R. 283 STATEMENT FOR THE PRESS Released for publication Friday luorning, Jan, 31 j not earlier, Board of Governors of the Federal Reserve System January 30, 1941 CONDITION OF THE FEDERAL RESERVE BARKS During the week ended January 29 member bank reserve balances decreased $63 ¡,000,000, Reductions in member bank reserves arose from increases of $7,000,000 in money in circulation, $4,000,000 in Treasury cash, and $49,000,000 in noir^ember deposits and other Federal Reserve accounts and a decrease of $28,000,000 in Reserve Bank credit, offset in part by increases of $21,000,000 in gold stock and $2,000,000 in Treasury currency, and a decrease of $3 ,000*0'0 in Treasury deposits with Federal Reserve Banks. Excess reserves of member banks on January 29 were estimated to be approximately $6,800,000,000, a decrease of $60,000,000 for the week, •Changes in member bank reserve balances and related items during the week and the year ended January 29- 1941, were as follows: Increase or decrease since Jan, 29, 1941 Jan. 22 , 1941 Jan. 31 1940 (In mi'Liions of dollars) Bills discounted U. S. Gov’ t securities,direct and guaranteed Industrial advances (not including 5 million commitments - January 29) Other Reserve Bank credit 3 2,184 - 1 - - 4 - 2<?3 8 33 -- 28 + Total Reserve Bank credit Gold stock Treasury currency 2,228 22,110 3 j097 - 28 + ZL + 2 - 275 +4,179 + 127 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with Ft R. Banks Nonaember deposits and other F, P.. accounts 14,347 8,548 2,200 258 2,082 - 63 + 7 4* A ~ 3 + 49 +2,197 +1,172 - 159 - 291 +1,111 2 25 Form F. R, 283-*a Released for publication Friday morning, January 31» 19-415 not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Jan. 29, Jan. 22, Jart.3 1 , 1941 1941 1940 ASSETS Gold certificates on hand and 19,896,780 + 17,002 +4.,344,660 due from U. S. Treasury 9,825 + 490 1 Redemption fund - F. R. notes + 9,353 - 40,468 372,754 Other cash Total reserves +; 26,354 +4.,304,682 20,279,359 Bills discounted» Secured by U. S. Gov’ t obligations, direct and guaranteed + 1,411 849 853 - ____ Other bills discounted 1.2.55 ¿*112 Total bills discounted 883 2,666 4,280 — Industrial advances + 2,502 371 7,871 U. S. Government securities, direct and guaranteed» — —. Bonds 1,284,600 59,445 - - 233,725 Notes 899,500 Total U, S.Government securities» — - 293,170 direct and guaranteed 2,184,100 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 2,194,637 47 2.5,740 726,775 40,038 50,529 - 5.12 _ _ - 3,662. -113,182 24 + 1,046 ~ 299,952 _ _ + 1,114 + 101,707 1,770 11,444 23,317,125 - 89,980 +4.,094,337 5,845,759 + 11,253 +1 ,013,658 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 GAP IT A L 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 make industrial advances 14,347,011 258,251 1,215,590 583.657 16,404,509 693,526 — + - 62,549 2,761 15,100 64,082 16,328 85,597 + 2 .,197,435 - 291,190 + 808^277 + 268*222 +2 ,982,895 + 76,825 ....... 2^951 22,946,747 + 525 - 90,147 + 800 +4 ,074,178 139,448 157,065 26,785 47,080 23,3-17,125 •¥ + 70 89,980 + + + 91.1* 5,207 + + .1% 112 -- 97 ----- 3,440 5,345 54 11,428 +4 ,094,337 + — 3*6% 3,169 Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 29, 194-1 (in thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 19,896,780 1,192,738 "9,723,700 1,042,313 1,408,645 568,976 373,115 2,897,336 493,973 309,804 418,746 284,923 1,182,511 Redemption fund - F.R.notes 9,825 1,090 1,456 864 494 1,924 430 1,014 n4 296 360 430 1,303 Other cash 372,754 30,443 83,518 28,974 27,523 20,616 26,04« 53,801 19,754 8,463 18,522 15,425 39,667 Total reserves 20,279,359 1,224,271 9,808,674 1,072,151 1,436,662 591,516 399,593 2,952,151 513,841 318,563 437,628 300,828 1,22.3,481 Bills discounted* Secured by U.S. Gov’ t obligations, 149 43 direct and guaranteed 1,4-31 20 640 498 --18 2 41 - 116 447 22 27 Other bills discounted 1,255 --323 126 93 15 19 57 10 Total bills discounted 2,666 Industrial advances 7,871 U. S. Government securities , direct and guaranteed: 1,2.84,600 Bonds 899,500 Notes 20 914 963 1,755 624 2,376 93,212 65,269 372,013 260,490 102,835 72,007 126,632 70,566 53,587 88,671 49,410 37,522 Total U. S.Gov’ t securities direct and guaranteed 2,184,100 158,481 632,503 174,842 215,303 119,976 Total bills and securities 2,194,637 159,413 177,842 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 25,740 726,775 40,038 50,529 3 613 69,598 2,833 3,439 635,221 18 2,541 177,136 9,702 14,073 215,645 120,779 91,465 2 2 4 2,278 4,996 3,465 86,265 58,055 31,218 4,574 2,588 1,988 2,015 5,381 3,075 TOTAL ASSETS 5 864 51,249 4,519 4,572 93 249 33 770 21 335 91,109 98 316 265 268 4-90 27 22 278 534 144;.,o46 60,661 39,320 64,518 51,073 100,864 42,477 27,532 45,177 35,762 106,137 74,319 10 3 73 86,835 180,456 245,324 103,151 67,385 110,258 87,135 * O/ 1 1 1 658 1,587 724 2,4-36 1,432 103,013 40,961 16,015 28,.297 23,632 3,040 2,318 1,367 3,04-3 1,226 5,350 2,205 1,566 2,398 2,004 181,017 4 4,146 41,336 2,840 4,451 244,910 103,138 66,852 109,695 23,317,125 1,460,172 10,647,365 1,311,202 1,750,809 781,011 529,746 3,311,320 663,909 405,554 583,212 415,550 1,457,275 ■^Less than $500. Form F. R. 2Ey~c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BA1JKS OH JANUARY 29, 1941 (ln thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual cir culation 5,845,759 Depositst Member bank-reserve acct. 14,347,011 U.S.Treasur eiMleneral acct. 258,251 1,215,590 Foreign Other deposits 583,657 Total deposits 16,404,509 Deferred availability items 693,526 Other liabilities including accrued dividends 2,953 Boston ]:iew York Phila. 470,474 1,548,781 405,951 537,337 276,577 193»084 1,257,615 220,668 155,894 210,590 95,891 472,097 815,795 7,561,553 16,696 84,009 705,370 54,719 460,382 7,775 711,590 11,550 77,100 20,251 994,597 378,047 245,885 1,775,782. 346,611 185,242 289,251 245,692 14,587 10,983 12,060 26,715 12,675 17,402 13,282 11,378 73,126 34,178 27,820 95,382 23,846 17,487 23,051 23,051 6,442 7,617 6,000 8,971 1,883 .12,561 8,341 6,319 796,966 26,914 60,460 37,115 894,985 8 ,811,314 158,763 68,802 820,491 1,094,871 431,549 292,084 1 ,904,321 390,749 226,131 334,555 282,004 49,837 84,049 56,708 30,131 101,722 40,742 13,775 26,760 26,151 921,455 36,086 312 553 483 Cleve. 294 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 316 133 91 349 114 123 120 65 22,946,747 1,434,573 10,519*411 1,276,762 1,716,551 765,150 516,232 3,264,007 652,250 395,923 572,019 404,166 1,429,703 TOTAL LIABILITIES C A P I T A L A C C O U B 'T S 14,366 5,402 4,765 I4,6l4 4,237 2,978 4,479 4,246 51,466 11,651 Capital paid in 9,34L 11,903 139,AAB 3,974 22,824 4,925 3,152 3,613 10,785 10,906 Surplus (Section 7) 56,447 15,144 14,323 5,247 5,725 157,065 2,121 1,429 Surplus (Section 13b) 1,007 3,244 713 7,070 533 i»ooo 1,138 1,263 2,874 4,393 26,785 8,446 1,964 2,501 1,963 1,901 Other capital accounts 4,562 1,968 2,311 3,015 2,478 3,000 12,971 47,080 TOTAL LIABILITIES AND 23,317,125 1,460,172 10,647,365 1 ,311,202 1,750,809 781,011 529,746 3 ,311,320 663,909 405,554 583,212 415,550 1,457,275 CAPITAL ACCOUNTS Commitments to make industrial 2,452 22 4 35 254 47 738 537 670 257 advances 191 5,207 MATURITY DISTRIBUTION OF BILLS A1JD SECURITIES Bills discounted Industrial advances U. S. Government securities. direct and guaranteed Total 2,666 7,871 2,184,100 Within 15 days 1,966 1,386 16 to 30 days 90 52 31 to 60 days 113 197 61 to 90 dayss 285 352 ----- --- 74,800 ----- 91 days to 6 months 6 months to 1 Year 11 201 1,625 511 58,300 100,000 1 Year to 2 Years — — 2 Years to 5 Years _ _ 1,408 2,340 181,800 633^00 Over 5 Years _ . - - 1,135,800 Form F. R. 283-d FEDERAL RESERVE MOTE STATEMENT Oil JANUARY 29, 194-1 (in 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 6,177,740 497,312 1,624,427 425,627 562,159 293,265 217,007 1,297,873 233,362 163,239 219,187 105,187 539,095 Held by Federal Reserve Bank 331,981 26,838 75,646 19,676 24,822 16,688 23,123 40,258 12,694 7,345 8,597 9,296 66,998 In actual circulation 5,845,759 470,474 1,548,781 405,951 537,337 276,577 193,884 1,257,615 220,668 155,894 210,590 95,891 472,097 Collateral held by agent as se curity for notes issued to bank; Gold certificates on hand and due from U. S. Treasury ' 6,329,500 510,000 1,645,000 440,000 565,000 315,000 225,000 1,310,000 244,000 165,500 225,000 111,000 574,000 Eligible paper 2,104 20 740 590 - 18 - - 257 479 - Total collateral 6,331,604 510,020 1,645,740 440,590 565,000 315,018 225,000 1 ,310,000 244,000 165,757 225,479 111,000 574,000
@FedFRASER