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Foriiï F. k. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, July 16; not earlier. Board of Governors of the Federal Reserve System July 15* 19^-3 CONDITION OF THE FEDERAL RESERVE BaKKS During’ tho wjek ended July lU member bank reserve balances increased $152 ,000,000. additions to member bank reserves arose from an addition of $33,000, .-00 in Reserve Bank credit and decreases of $11,000,000 in Treasury cash $157,000,000 in Treasury deposits with Foderal Reserve Banks and $27, 000,000 in ncnmember deposits and other Federal Reserve accounts, offset in part by an increase of $ 5 1 ,000,000 in money in circulation and a decrease of $26, 000,000.~in gold stock. Excess reserves of member banks on July ll* were estimated to be SI, 310,000,000, an increase of $80,000,.000 for the ’week. There was a decrease of $31,000,000 in holdings of United States Government securities. B ills decreased $29,000,000 and bonds $2,000,000. Changes in member bank reserve balances and related items during the week and the year ended July li*, 19^3# wore as follows: Increase or decrea: since July li.;, I9h3 July 7, 1943 July 15. 1942 ( In m illions o f d o ll :.rs) B ills discounted U. S. Government direct obligations U. 8. Government guaranteed obligations Industrial ^dvxnces (rot including 12 million commitments « July lij) Other Reserve Bank credit 10 7,591 54 - 24 - 31 + 6 +4,553 + 49 13 432 ... + 3?. + 2 + 300 Total ke serve Bank credit Gold stock Treasur y eurrency 3,150 22,362 4,036 + 33 - 26 + 1 +4,923 - 330 + 767 Member b ar-ik■rose rve ba1anc es l'ioney - in ci rcu1at i on Treasury cash Treasury deposits with F.k. Banks Nonmember deposits and other Frk.accounts 12,260 17,653 2,267 616 1,797 +152 + .51 - XI -157 - 27 + 213 +5,156 + 66 - 330 + 200 Form F. R. 23Jc Total Boston L I A B I L I T I E S F. R. notof) in actual c ir culution 14, 094,445 1006,551 Deposits: Kombor bonk-reservo a cct. 12,259,841 665,569 U. S..Treasurer-gen era 1 a cct. 6 l5 ,9 27 24,421 Foreign 1 , 094,073 23,332 i-'ther 371,5o0 0,025 Total deposits ^4, 341,401 726,847 Deferred availa b ility items 1 , 367,550 74,755 Other lia b ilit ie s including accrued dividends 5,906 1,099 T0T.iL LIABILITIES 29, 809,302 1309,252 Capital paid in 148, 823. 9,542 Surplus (Section 7) 160,4-11. l l , l 6o ¡surplus ( a c t io n 13b) 26,829 2,874 other capital accounts 39,734 5,600 TCTiiL LIABILITIES AND CiiPiTAL i».ccuunts 30, 235,154 1838,428 Commtments to make in d u strial advances 11,9 13 717 F0 ft. notes outstanding Collateral for F.R^notes held by F. R egents: Gold certificates Eligible paper U.S. Gov11 securities 3, 117,52 1 989,447 1 , 278,962 912,339 728,680 2 , 744,105 590,972 340,948 502,325 324,351 1 , 558,194 4,123,413 179,048 1/520,001 267,263 632, 5 0 0 1 , 010,301 27,470 56,106 90,351 87,498 . 3,701 13,015 519,761 37,173 40,096 8,608 504,296 1,794,734 420,474 263,116 78,113 ' 63, 7& 23,113 34,339 33,207 . 116,030 28,532 20,923 2,305 )j . 68‘o 13.2^3 3.617 541, 7 12 4 3 0 , 9 0 8 1 , 298,057 27,240 23,578 41,012 26,630 23,532 72,561 ^.211 l.Qha ^6.q26 5,094,725 308,025 754,022 1 , 166,920 83,725 156,984 606,438 112,503 617,999 1,979,213 212,198 70,704 593,793 534,966 1,448,556 136,630 66,264 46,120 1 4 , 072,000 9,76 7 72 1,176 Total 10,272 12,934 3, 667,612 1865,921 2,642,945 1650,477 1433, 2 ?l 4 , 990,615 1162,516 707,564 H 3 i,4 io 910,373 3 , 175,502 9 , 970,000 3, 240,000 532 3,490 100,000 ■•ithin 15 days 7,402 10,577 567,115 485,377 327,545 71,714 27,840 1,762 260 426 116 169 498 390 265 607 175 139 8, 522,033 1327,692 2, 603,256 1631,549 1417,550 4, 936,123 1143,323 696,502 1167,300 905,561 3,143,645 55,018 11,6 76 15,422 5,908 5,315 16,529 4,631 3,183 4,331 4,526 12,167 58 ,ooi 15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,613 4,083 11,044 7,070 4,393 1,007 3,244 717 1,429 530 1,000 1,13 7 1,307 2 ,12 1 25,490 6,490 3,49 5 4.460 3.Q76 15.603 4.056 . 5. 6^ 4 . 02l__ JLZlh_______ 6^.525 1,821 231 14, 642>044 1060,049 3, 226,863 1020,732 1 , 323,565 B ills discounted Industrial advances U. S. Government s e c u r iti e S d ire c t and guaranteed 7 , 644,666 STaTEMENT" OF CONDITION OF THE FEDERAL RESERVE R'JJKS ON JULY 14, ig43 (In thousands of dollars) New York Phila. Clave. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 1,049 61 — 1,617 3,000 — 3,353 613,591 345,966 522,775 355,403 1,655,355 925,000 1 , 325,000 327,000 710,000 2, 820,000 350,000 350,000 2,380 — 3,125 — — 50 4o 100,000 — 125,000 75,000 — 316,176 — MATURITY DISTRIBUTION OF BILLS AHD SECURITIES 520,000 361,000 1 , 674,300 150 — 5,000 16 to 30 days 2,200 531 329,303 31 to 60 days 340 447 1,432,075 934, 866. 776,321 2, 300,923 — 61 to 90 days 330 123 1,700,632 . 9 I days to 6 months — 1 to 2 years — 335 6 months to 1 year — 599 Q8U#663 192 2 to 5 years — 130 Over 5 years — —- 699,671 864,077 . 426,600 239,600 • 1 / A fte r deducting $571,426,000 p a r t ic ip a t io n s ’ o f other Federal Reserve Banks, Released, fo r p u b lica tio n Friday morning, July 1 6 ,l^U?; not e a r lie r . "STATEMENT OF CONDITION1 OF THE T'iELVE Fid5EkAL fSSBJkVE B-NKS COMBINED (In thousands o f d o lla rs) Increase or decrease s inc e July 7, I9k3 July 15, I9i|2 20, 55^,907 - 21,999 75 t H » 752 - 10,322 - i;03;9l0 + 40,373: + 33,913 - 279» Hii 10*272 — - 23,360 -- 10,272 - 23,360 + + July Ik,. . 19U3 ' a S 3 jb T S Gold c e r t ific a te s on hand and duo from U. S. Treasury Redemption fund.- F. R, notes Other cash Total reserves B ills d iscou n ted :Secured by U. S. Go^/f t obligation s, d ire ct and guaranteed Other b i l l s discounted Total b i l l s discounted Industrial advances U. 3. Government s ecu rities, d ire ct and guaranteed: Bonds Notes . C ertifica tes B ills Total U.S. Government se cu ritie s , d ire ct and guaranteed Total b i l l s and secu rities Due from foreign banks F. R. notes o f other banks Uncollected items Bank premises Other assets TOTa L aSSIjTS. L I A B I L I T I E S F. R. notes in actual circu la tion Deposits: Uembc r b ank-r es urve ac c ount U. S. Treasurer-general account Foreign Other Total deposits . Deferred a v a ila b ility 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 ACCOUNTS Capital paid- in Surplus (Suction 7) Surplus (Section 13 b) Other capital accounts TOTAL LIABILITIES .¿ fD CAPITAL .^COUKTS Ratio o f tota l reserves to deposit and F,R. note l i a b i l i t i e s combined Commitments to make industrial advances 20,11+5» 717 • 55,110 354,030 '12,93k' + 337 7,U12 1,561 5,35i 2,050 I,k30,7k0 ■ 7UU.900 1 , 091,700 it, 327,318 - 2,000 — — - 29,579 - 7 , 6ij.I1,666 - 31,579 +).;,607,ll5 7,667,372 13k 61,702 1,349,360 33,711 61,903 - 5^,602 — + k,7k3 +236,101 2kh 359 + + + + 30, 235,1514 +174,317 +U»339,759 1I4., 09Í4, UU5 + 59,957 +k, 5'36,67k 12»259»3lil 615,927 1 , 09^,073 371,560 1U, 3141,1401 1,367,550 +152,333 -156,316 - Uo,550 + 13,712 - 31,316 +1147,369 + 213,139 - 330,030 + 223,1423 59,303 + 52,221 + 139,360 5,906 29,309,302 - 2,012 +l7ii»ii9Q lliG,02G 96 160 , 1*11 26 , .129 -- 39,734 30,235,151; + 72.3% 11,913 - 223 +174,817 . 1% ' 2g3 159,51*3 + . 20,i|25 + 913, ¡4¿9 +3 , 332,769 , 615,016 -i- 37 30,166 503,152 1,735 17,137 3,222 +.'4,01*1,977 + + + + 3 , 76 U 2,909 ko kl ,061 +i+, 339,759 ■- 15 . 2$ 5,192 Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BiiNKS ON JULY lit, l$h3 (I n thousands o f d o lla r s ) • —T----S B T S Tptal Boston Now York Phila, Cleve. Rich. stianta Chicago St.Louis Minn. ivans.Cy. Dallas San" "Fran. Gold certificates on hand and due from U* S. Treasury 20, 11*5,717 1266, 661* 5, 020,565 1233,322 1 , 821*, 528 1150,985 1033,351* 3,H h ,998 633,627 1*93,862 Redemption fund - F.R*notes 55,110 200 1,632 ¿*,201 5,1*1*2 1,21*1 20,518 1,11*6 6,327 7,635 Other cash 21*, 226 ¿*2 , 791* 12,916 10,063 25,150 35,752 27,689 37,357 35I*, 030 16,951* Total reserves 20,551,907 1299,79 5 5,137,91*9 12c9,375 1,350,821* 1195,977 105U.509 3,75^,033717,061 50l*,l30 B ills discounted: Secured by U.S. Gov11 obligations, direct and guaranteed 10,272 Other b ills discounted — 532 — 3,1*90 — 2,330 -- 10,272 532 3,1*90 Indus tria l advane es 12,931* U. S. Government socuritie S, direct and guaranteed: ¿onds 1,1*80,71*8 Notes 71*1*,900 Certificates 1 , 091,700 B ills 1*, 327,313 1,695 505 3,125 -- — — 2,330 505 3,125 — 538 i*,9l*2 907 1*08 235 120,029 25I*, 127 60,332 127,81*0 187,360 38,1*91 107,351 2,5 H ,3 93 17I*, 71*5 87,906 128,833 161,366 97,201 1*8,397 71,662 95,538 37,703 1*1*, 122 61*, 663 68,889 Total U.S#Govf t securities » direct aaad guarjjiteed 7,61*1*, 666 122, 581* 6l,ó67 90,375 202, 91*6 - 376,753 3,080,720 1*77,572 553,350 313,293 265,382 Total b ills and securities 378,930 3,081*,798 1*81*, 39I* 55I*, 762 316,831 265,617 3 1,1*05 151,095 2, 691* ¿*,1*56 13 2,263 100,230 l*,68l* U.U62 6 13 2,1*88 5,1*H 222,566 125,181* 1*,270 2,977 8,022 l*,09l 5 6,181 101,871* 1,675 3,1*30 30, 235, 15 I* 1838,1*28 8 , 667,612 1865,921 2,61*2,91*51650,1*77 11*33,291 Total b ills discounted 7,667,872 bus from foreign banks 13I* r. R. notes of other banks 61,702 Uncollected items 1,81*9,860 Bank premises 38,711 Other assets 61,968 TOTaL ASSETS 1 / 51* 9,637 1*1*3,393 >,713 11,568 — 826,755 606,751* 2,281*,803 372 5,933 1*13 kh, 653 17,01*3' 9,1*73 81*1*, 170 616, 61*0 2, 335, 1*1*1* 1*0 150 — -— — -- 1*0 150 — ‘ ■-- 1*6 30 18 1*,000 73,167 36,807 53,91*1 72,167 75,500 37,981 55,666 63,288 171,799 86, 1*25 126,662 262,951* 939,1*89 351*, 1*72162,273 236,082 237,1*35 * 61*7,31*0 939,551* 35I*, 522162,355 236,262 237,1*53 651,81*0 17 7,102 273,1*93 2,885 8,526 3 2 5,036 1,712 31,677 35,91*3 2,Q87 1,295 2,130 2,123 • 1* 1* 7,221* 2,313 87,979 57,921 1,010 2,767 3,032 3,001* 10 10, 1*30 168,000 2,651* 7,121* 50 — — -- 50 65 205,51*0 ¿*7,71*5 103,398 21*, 019 151,536 35,202 1*79,015 21*7,506 50,603 25, 1*56 37,309 1*8,905 ■ U.990, 6151162,516 707^61* 1181,1*10 918,873 3 , 175,502 1. / A fte r deducting r.$80,000 p a r tic ip a tio n s o f other Federal Reserve Banks.
@FedFRASER