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Form F. R. 283 STATEMENT FOR THE PRESS Released fo r p u b lica tio n Friday morning, July 2 ; not e a r lie r . Board o f Governors o f the Federal Reserve System July 1, 1914-3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 30 member bank reserve balances decreased $138,000,000»^Reductions in member bank reserves arose from increases of $266,000,000/money in circulation, $161,000,000 in Treasury deposits with Federal Reserve Banks, $90,000,000 in .nonmember deposits and other Federal Reserve accounts and $7,000,000 in Treasury cash, offset in part by increases of $382,000,000 in Reserve Bank credit and $3,000,000 in Treasury currency. Exoess reserves of member banks on June 30 were estimated to be approximately $1,210,000,000, a decrease of $90 , 000,000 for the week. There was an increase of $li5l*.000,000 in holdings of United States Government securities. B ills increased $520,000,000, while bonds decreased $26,000,000, notes $3U,000,000 and certificates $6,000,000. Changes in member bank reserve balances and related items during the week and the year ended June 30, 191*3» were as follows* Increase or decrease since June; 30 , 19U3 June 23, 191*3 JUly 1 ; 191*2 (In millions o f dollars) B ills discounted U. S. Government d irect obligations U. S# Government guaranteed obligations Industrial advances (not including 12 million commitments - June 30 ) Other Reserve Bank credit 5 7.Hi8 5k - Ill +1*51* + 2 +14., 1^25 + 1*9 + 2 13 — 356 - 58 * Total Reserve Bank credit Gold stock Treasury currency 7.576 22,387 it, 082 +382 -+ 3 +1*,703 - 352 + 768 Member bank reserve balances i.'Icney in circulation Treasury cash Treasury deposits with F. R. Banks -lonmember deposits and other F.R.accounts 12,085 17., 1+20 2,275 1*55 1,811 -138 +266 + 7 +161 + 90 - 107 +5. 00I4. + 80 30 + 173 225 ¿■'orni F. kv 233e y L I A B I L I T I E S F.Ri notes in actual c i r cuì ati cn Deposits s Total 0rn MBlfT OF 1SONblTIOK! OF THfc k ;DEIaiL h:i;S3KVE BANKS ON JUNE 30, 1943 Olii.TE ( In thouslands o f d0lia r s ) Phila. Cleve* Rich. Atlanta Chicago St.Louis t\£inn. Kans.Cy. Da.lias San Fran. Boston, New York 13,372,422 988,605 3,070,948 972,165 1,252,992 895,642 722,247 2,696,235 584,340 339,560 495,559 523,530 1,550,799 12,054,540 •• 455,178 1,114,099 368,480 638,057 4,067,972 16,815 146,737 Ì / 531/289 29,2.4.5 6,882 263,638 632,351 27,327 91,732 4,544 999,696 45,022 88,835 16,204 500,749 20,097 41,520 8,578 Total deposits 14, 022,297 ; 1 , 275,232 referred a v a ila b ility H Other l i a b i l i t i e s including 4,672 accrued dividends 690,.999 5, 009,636 110,220 253,723 755,954 1,149,757 76,004 146,645 570,944 103.712 480,127 1,806,219 89,229 8,326 117,803 33,796 2,476 2,939 525,225 2, 016, I90 181,431 79,299 4oo,466 250,605 27,932 18,765 28,968 21,243 12,400 9,331 469’. 766 300,444 54.968 24,355 536,508 459,150 1, 512,860 50.633 9,741 14,049 28,968 75,663 27,037 36,602 2 ; 527 2,059 579,453 500,166 1 ,453,763 63,430 40,518 135,877 Other 596 i,o 4 o 734 243 337 138 24e 452 529 103 75 177 TOT^L LIABILITIES 29, 174,623 1790,420 8,340,347 1804,857 2,549,637 1570,635 1320,909 4,894,308 1109,322 664,462 1139,021 864,089 3 , 120,616 Capital paid in 4,625 148,636 4,810 55.006 11,661 9,530 3,181 12,165 5,290 4,515 15,401 16,484 5.970 Surplus (S ection 7} 22,925 3,221 11,160. 58,001 4,966 15,670 160,411 14,767 4,083 11,044 3,615 5.236 5,725 Surplus (S ection 13^) 2 ,12 1 26,829 7,070 530 1.000 2,874 1,007 1.307 3,244 1,429 1,157 4,393 717 Other cap ita l accounts 88,622 6,388 6,388 25.076 8.386 3,928 4,030 ■5,5473r654 4 ,o 4 i 5,547 4.392 13,445 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 29. 599.-l21 1819,531'8.U85.500 1842,969 2 , 589,198 1589.477 1542,569 li,948,591 1125,475 675.518 1152.622'877;339'3.152,334 Oo.Tunitinents to make in du strial 12,132 717 9 1,940 371 l , 05o 61 — 1.619 3,000 — 3,359 advances F.K, notes outstanding C olla teral for F*R.notes held by F.R.Agents* Gold c e r t ific a t e s E lig ib le paper br. S. Gov1t s e cu ritie s lii.liOli.173 1025,320 3 ,171*.511 1004,455 1 , 295,062 13. 802,000 li.835 745,855 Total B ills discounted 4,990 Indu s t r i u1 advenee s 12,676 U. S. Government s e c u r itie s , d ire ct and guaranteed 7,202,183 921,877 765, 9 1 3 2 , 775,730 612,530 345,191 513,831; 350,294 1,619,450 925,000 1 , 300,000 807,000 695,000 2, 791,000 350,000 350,000 510,000 358,000 1 , 649,000 200 50 — — — — — 100 5,000 100,000 -125,000 75.000 . — 338,833 MATURITY DISTRIBUTION OF BILLS ;iND SECURITIES 2 to 5 Over ■’ l .to 2 lo to 31 6l to 91 days to 6- months 5 years years years 30 days 00 days 90 days ■ 6 months . to 1 yaar 937,000 3, 190,000 3 .13 5 1.350 100,000 Within 15 days - 4,290 . 10,339 769,884 I 50 34 422,260 350 575 1,479,521 200 420 1,309,440 -2lili 920,730 574 359 426,600 239,600 l / A fte r deducting $579,244.000 p a r tic ip a tio n s o f other Federal Reserve Banks. ; 131 751,671 882,477 Form F. k. 283a Released for publication Friday morning, July 2, 19^3 5 riot earlier. STaTELJBNT OF CONDITION OF TH3 TVilELVB FEDERAL RiSEhVE BANKS COMBINED (In thousands of dollars) Increase or decrease since June 23, 1945 June 30, 1943 July 1, 191+2 A Sf S E T 8 Gold c e r t ific a te s .on' hand and due* frorn IT. S# Treafcuiy* Redemption fund - F . ’ R.- notesOther cash ‘Total reserves < * V * *' 20, 170,716 53,673 357,587; . 20.581^976’ % B ills discounted*.,. Secured by U. S. Gov*t obligations, direct and guaranteed Other b i l l s discounted ’^ otal b i l l s discounted *> ¡4,990; *14,990 Industrial advances U. S. Government secu rities, direct and guaranteed: Bonds Imot e s C ertificates B ills Total U. S. Government secu rities, airect and guarantebcT’ TOTAL ASSETS LI A B I L I T .■ . t * -28,273 :-2i*2,9l£> +■ 3,210 -13,9148 — ■ - 1,563 -13,9148 V 1,61+7 ll4 + 2,126 1,1+9" >3lj6 ‘ 796,900 1 , 091,700 3,815,255 • - 25, 1+00 '-121,335 - 31+, 500 + 79,625 - 6,500 +1 *018,948 ♦520,1+56 +3,1+96,505 7,2(52/185 ‘ +Il5l4,056 +1+,i+75,71+5 13.7 6^,51+S 1,631,018 58,961 61,652 +lii[o,d9l+ +1+*1+77,515 + 90 + .39,716 - 2,8l+7 +1+85,770 -66,679 - 1,1+61+ 38 + 3,1+56 •+ 18,991}- 29,599,121 +51+5,715 +¿,777,681+- 13,872,42? +237,628 +hi 1+63,280 I ES F. k. notes in actual circulation. Deposits: Member bank-reserve, account U. S. Treasurer-general account Foreign Other v . , ; * Total deposits ' 12,081+, 540 1+55,178 , i,llJ+,099 368,1+80' 11+, 022,297 Deferred a v a ila b ilit y items Other l i a b i l i t i e s including accrued dividends TOTAL LIABILITIES C A P I T A L >1 C;g 0;*U N T S , Capital paid in v; Surplus (oectijon 7) • '** Surplus (se ction 13 b) other capital accounts T0T.iL LIABILITIES M p CaPITaL ACCOUNTS katio of total- reserves to deposit and F. k. note l i a b i l i t i e s combined , % 1 Commitments to make, industrial advances -379,911 + 38,631 + 98,31+0 12,676 Total b i l l s and securities Due from foreign banks F. R. notes of other banfts Uncollected items Bank premises uther assess 999 :- 1,087 -26,187 1,275,252-. It, 672 W ,lW ,b W 114.8 ,636 160,411 26,829 88,622 29,599,121 73 M 12;152' - 138,702 ' +16 1, 1+52 + 32,5152 + 63,890 *119,172 -107,013 - 30, 186: +226, 070, - 86,921 + ’ J,V5 0 - +260,881 8,651 + 2,796 - 3,779 7 3 J O T J +l+,7307907. + . : Ill - - + 1,232 + 3,752 + 2,909 + 48 + 140,068 +31+5,715 +l+,777,68l+' - l.Ofo 553 -•15.1$ . 1+,96S Form F , .R. 233b STATEMENT OF CONDITI® OF THE FîffiERAL RESERVE BANKS ON JUNE 30, 191+3 (In thousands o f d o lla r s ) ASSETS Total Boston Nüw York Phila. Cleve. Rich. Gold c e r t ific a t e s on hand and due from U.S. Treasury 20, 170 , 716 12 6 5 ^+11+ 5 4 7 8 , 753121 +9,205 1 , 895,695 1100,965 Redemption fund - -f.K.notes 53*673 7,202 5*605 5*657 1,215 55k Other cash 25,522 86,769 29.751 27,157 31,71+9 357,587 Total reserves 20,581,976 1300,770 5,266,737 1278,361+ 1,921,201+ 1139,916 B ills discounted: Secured by U. S# Gov1t ob liga tion s, d ir e c t and guaranteed i+,990 m m m m Other b i l l s discounted 5 4 55 — 1,550 — Total b i l l s discounted i+,990 3,135 1,550 Industrial advances 12,676 U. S. Government s e c u r itie s , d ir e c t and guaranteed: Bonds 1,498.348 Notes 796,900 C e rtifica te s 1 , 091,700 B ills 3 , 815,235 Total U. S, Gov11 s e c u r itie s , d ir e c t and guaranteed 7 ,202 ,183 1.695 Total b i l l s and s e cu rities 982,190 5732,266 55 — — — -- ■— . —- 75 55 -- — — 588 i+,688 889 109*186 366,569 194,961 58,071 267,085 79.555 120 ,863 1,990.1+80 112,509 59,751 81,829 199,951 567,675 2,819,095 1+55,820 — 75 — 1+18 237 “ 11+5 , 516 '' 94,951 77,039 76,225 50^+89. .41,599 69468 104,418 56,714 122,852 105,257 76,756 598,602 496141 100 — 100 65 — 198,599- ‘71,510 105,625 38,055 1144,698 52,105 518,510 286,822 200 — 814,785 622022 2 , 428,979 50 — 25 — — 200 50 25 48 50 18 4,000 1+4676* 23761 32552 43706 71,595 59905 58,077 51861 52,162 45647 85,409 65656 147,915 78,669 107,769 205,055 519,825 252,688 967,452 1448,468 1I44695 245,241199049 557,406 I+58*,585* - 141+7,735'• 520-,21+5 252,925 967,497 * 41+8,568 11+4943 245,521 199092 54i ,4 o6 1+1+6,789 * 7 ,219,81+9 572,505 2,821,033 Due from foreigi banks 137 3 F. k. notes o f other banks 65 »5U& : 1,311+ Uncollected items 1 , 651,018 *38,305 Bank premises 38,961 \ 2,691+ Other, assets 61,652 -3,91+2 TOTiiL ASSETS Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. \ 961 , 1+57 5684,257 565,190 486736 796,141 611612 2 , 377,315 6.072 4,590 1,478 20,596 424 467 235 12,816 18,220 9172 45,594 16,545 46,551 9945 Atlanta 1 / 56 lT ,l6 l 562,668 9,715 1^,152 15 2,1+00 9k ,523 4,684 l+»l+02 6 13 5 5,568* 7,402 6,-277 205,501+ • 114,865 96,456 4,270. 5,221 1,675 7,106 5 ¿821+- ‘ 5,o4i 17 7,451 229*531 2,885 8,914+ 2 3 1342 4,051 67,258 29807 2,087 1295 2,904 - 1988 4 6,149 80,144 2,775 2,81+6 4 221+4 50456 1010 25II 11 12,589 160,905 2,654 5,992 29 ,599 ,121 1819.531 8,485,500 181+2,969 2 , 589,198 1589,1+77 131+2,569 1+91+8,591 1123,475 675518 1152,622 877339 3,152,334 After deducting $81,000 participations of other Federal Reserve Banks«