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^porm F* R* 283 STATEKBIT FOR THE PPESS Released for publication Friday morning, July 18; not oariier. Board of Governors of the Federal Reserve System July YJ, 19^1 CONDITIO!1 OF TFL FEDERAL RESERVE BAMS During the week ended July 16 member bank reserve balances increased $21?2,000,000* Additions to member bank reserves arose from doorcases of $50,000,000 in money in circulation and vl90,.000,000 in Treasury dopocits with Federal Reserve Banks, and increases c-f vi|.5*000,000 in Reserve Bank credit, vl5*000,000 in p:old stock, and s’ 5*000,000 in Treasury currency,? offset in part by increases of 518,000,000 in Treasury cash and v36,000,000 in nonmember deposits and other Federal Reserve accounts# Excess reserves of -number banks on July 16 vjovg optima bod to be approximately C5,3^-J-O,000,000, an increase of v220,000,000 for the week# Changes in member bank reserve balances and related items during the week and the your ended July 16, 19lUl were as follows: Increase or decrease since July 16, I9I1I July 9, I9I4I July 179 !9U0 _ (In millions of dollars) 2 2,179 5 - 1 —*• — -261+ - 2 10 98 + 1 +1j6 + 1 + 58 Total Reserve Bank credit Gold stock Treasury currency 2,29k 22,655 3,157 +1+5 +15 + 5 -207 +2,399 +lijl Member ban]: reserve balances i’ onoy in circulation Treasury cash Treasury deposits with F* li. Banks Nonmember doisos its and other F.R. accounts 13,223 9,61+5 2,309 849 2,061 +252 -50 +18 -190 +36 -61+0 +1,773 +110 +571 +521 Bills discounted TJi S. Government direct obligations U. S.Government guaranteed obligations Industrial advenoos (not including 12 million commitments-July 16) Other Reserve Panic crodit Form F. It. 283-0. Released for publication Friday mornin^, July 18, 194l; not earlier. STATEJ'EFT OF CONDITION OF THE TWELVE FEDERAL RESERVE BA.MS COKBINED (In thousands of dollars) Increase or decrease since July 16, July 9, July 17, 191+1 191*1 1940 ASSETS Gold certificates on han<i and 20,307,532 - 2,999 +2,279,054 duo from U* S, Treasury Redemption fund - F. R. notes 12,186 + 1,633 + 1,833 283,282 + 31,003 - 84,357 Other cash Total reserves Bills discounted? Secured by IT. S. ^ov*t obligations, direct and guaranteed Other bills discounted 20,603,000 29,637 930 938 123 1,366 - 2,296 - 1,061 + 455 Total bills discounted Industrial advanoes U. S. Government securitios, direct ar.d guaranteed: Bonds Notes 1,363,800 620,300 Total U. S. Government securities, -r..^ct and' fuaran-fceocl 2,184,100 • 9,807 Tr.-cal bills and securities 2,196,203 D\i3 from foreign banks F. P. notes of othor banks Tncollcct'-d items Eank prenisos Other assets 47 TOTAL ASSETS L I A D I L_I T JMS S F. R. notes in actual circulation Deposits: V'smter b&rk-rsserve account U* S. Treasurer-General account Foreign Othor deposits Total dopesits Doiii ’ ied availability ihctns Oth-.sr liabilities including accrued dividends TOTAL LIAPILITIL'S C- A ? I T A L A C C 0 IT V T S vapitui 3.5 id in Suv'v.5 iZ rtion 7) S". j m u .. (Section ljo) Oth-r cnpic?l accounts TOiAL LIABILITIES A™) CAPITAL ACCOUNTS Ratio of total reserves to deposit and A. note lit.Mlities combined Commitments to make industrial advances 30,130 1,120,507 4o,li44 45,896 2^,036,227 162 73 + 89 689 «* 265,828 — 606 — + 627 +22^916 269 613 +255,456 6,774,078 - 23,0li6 13,223,032 +251,955 84?, 712 -189,173 1,185,116 ~ 6,459 607,199 + 42,718 157864,719 + 99,o 4 l 1,022,766 +179,402 114 2,115 + - + 40,604 • 306,432 •mmm - +2,196,530 - 265,050 — + 6,522 + 330,194 996 10,218 «• +2,256,982 +1,543,719 639,987 + 570,977 + 384,680 + 109,114 + Ii24,784 - + 272,371 + b25 23j6b3>Cy78 "^55,283 +2,241,299 219 140,797 + — 157,065 ?6/;85 47,°02 2l+,oS6',227 +255,456 + + 91.0$ 11,950 Oaf • •£./0 — 482 3,346 5,345 + 7,'¿4 +2,256,982 + 2.($ + 3-339 Form F. H. 283-b ASSETS STATEMENT CF CONDITION 0? THE FEDE?J'.L RESLIVi: BANKS CH JULY 16, l$4l (ln thousands of dollars) Total Boston Gold certificates on hand and due from U.S.Treasury 20,307,532 1,214,415 Redemption fund-F.R.notes 12,186 154 Othor cash 283,282 23,644 Total reserves 20,603,000 1,238,213 Bills discounted: Secured by U«S.Gov’ t obligations, diroct and .guaranteed 930 47 Other bills discounted 1,366 — Total bills discounted New York Phila. Cleve. Rich» Atlanta Chicago St.Louis Finn. Xans.Cy. Dallas San Fran. 8,779,562 1,201,628 1,564,028 692,026 4-74,115 3,360,120 550,410 539,855 465,c44 32';,178 1,34-:,151 1,810 402 862 1,761 687 1,655 1,015 603 560 794 1,605 66,057 19,033 21,003 15,4-31 22,572 35,105 17.979 5,574 12,769 13,907 50,208 8,84-7,429 1,221,14-3 1,585,895 709,218 4-97,374- 3,596,880 569,4-02 34o,052 4-76,373 358,879 1,576,164515 790 80 46 100 22 — — — * — 5C — — 38 50 — 2C9 175 1*02 ~ 448 38 — 40 169 46 20i+ 25 10 114- 250 35 1,129 274 174- 27 87 2,296 4-7 1,305 126 122 Industrial advances 9,807 U •S.Government securities, direct and ruaranteed: Bonds 1,363,800 Notos 820,300 Total U. S. Gov't securities, direct and guaranteed 2,184-, 100 1,009 1,533 3,522 323 99,286 59*719 384., 115 251,056 107,301 64,541 141,895 74,720 57,484 85*548 44,943 34,577 166,099 65,886 38,477 66,280 53.-594 loo,446 39,^30 23,144 39,864 5-,235 107,765 ¿4,317 159*005 615,14.9 171,842 227,24-5 119,663 92,061 267,445 105,516 61,621 106,144- 85,329 172,582 Total bills and securities 2,196,203 160,061 617,987 175,49c 227,688 120,481 92,274 267,897 105,516 62,278 107,387 86,355 172,791 Due from foreign banks 4-7 F. P. notes of other banks 30,130 Uncollected items 1,120,507 Bank premises 4o,444 Other assets 4-5,896 3 1,083 120,204. 2,805 18 3*646 5 1*915 76,448 4,766 * 1 1 1 3,011 1,874 1,417 1,949 965 ¡-63 26,603 4-3,6f4 54-,250 164.-893 64,‘ 1,181 3,0C7 2,305 1,353 2,948 2,166 2,025 1,357 5,251 2,103 4 5,588 53,919 2,804 4,015 total ASSETS 3*102 265*586 10,107 12,090 3,866 4 1,483 148,629 4-,5i> 5,207 818 2 2 0,654 2,745 P],64o 39,98? 1,970 2,687 1,925 ¿,789 24-,036,227 1,525*4-91 9*756,863 1,483,633 1,973,617 923,4-71 636,275 3,84c,945 745,687 439, o4c 631,488 465,634 1 ,013,085 ♦Less than §500. Form F# R# 283-c LI A B I L I T STATIFENT OF CONDITION OF TTTE FEDERAL RESERVE BANKS ON JULY 16, 191+1 (in thousands of dollars) IES Total Boston Nevr York Phila. Clove. Rich. Atlanta Chicago St.Louis Kinn. Kans.Cy. Dallas San Fran* F.R. notes in actual cir 6,77i+,0?8 culation Deposits: F ember bank-reserve acct. 13,223,032 U.S.Trsasuror-General acct. 8i(9,372 Foreign 1,185,116 Other deposits 607,199 561,896 1,792,1+58 1*69,210 636,51+8 520,l*.5li 222,157 1,1+57,066 251,798 172,586 22ii,678 106,802 558,¿£5 707,688 6,386,1*37 62,694 282,567 56,227 1*1+9,1+97 11,371 kS7 ,0k6 699,01*8 72,691 lli+,998 16,815 975,561 ¿1.11,599 281*,558 1 ,901,920 69,095 37,217 50,213 123,061 109,071 50,979 1+1,1+91+ 11*2,266 8,1*52 19,276 6,647 6,572 325,357 165,902 292,365 21*2,312 19,576 3k,Iks 2Q,:k5 J2,925 55,567 26,082 3U,3tl 3^,381 l,7ö8 10,116 7 ,kk9 2,901 83Ù,685 26,837 90,173 28,968 Total dopooits 837,980 7,605,547 903,550 1,170,801 506,1*1*2 562,1*1*2 2,175,699 1+18,1+16 233,581 353,192 311,1406 980,663 l60,ll*9 63,588 23,101 1+0,238 33,761 1*6,186 Deferred availability items Other liabilities including accrued dividends 15, 861*,719 1,022,766 99,679 229,930 76,177 131,627 80,322 53,008 2,115 335 359 161 227 252 59 229 75 78 107 205 48 TOTAL LIABILITIES 23,663,678 1,1*99,890 9,626,29*4- 1,1*1*9,098 1,939,205 907,1*70 622,61ìó 3,793,11*5 735,877 1*29,31+6 623,215 1+52,174 1, 585,322 C A F I T A L C C -0 U w T S Capital paid in 5,1*95 i*,830 11,921 9,352 11,761 11*0,797 ik, 515 15,131+ l+,352 2,999 i+,5l+5 l+,278 51,637 Surplus (S3ction 7) 10,906 56,1;>*? 5,21*7 5,725 157,065 15.1I4I+ 1!4, 325 22,82k h,?25 5,152 5,613 3,971+ 10,785 Surplus (Section 13b) 7,070 2,121 2,8?1* 1,007 3,2^4 535 1,000 1,138 1,263 26,785 713 l+,593 l,lj29 Other capital accounts 1*7,902 3,096 2,1*69 5,077 13,1+15 l+,569 2,015 2,359 8,1+15 2,020 2,5i*5 1,979 l,9l+5 TOTAL LIABILITIES AKD c :j »i t a l ACC0U1TTS 2l+,036,227 1,525,U91 9,756,863 1,1*83,655 1,975,617 925,1*71 656,275 5,81*0,91*5 71+5,687 1+39,01+0 65U,i+88 1*65,651* 1 ,615,085 Commitments to make industrial 2 3,612 1,528 advances 11,950 1,521 1,570 2,205 269 5I+7 31 779 1+9 39 MATURITY DTS'TTRUT 10;' OF BIILS 'lïï) SECURITIES ’ »'/ithin 2 Years to Over 16 to 6 Months 1 Year 01 to 91 days to 51 to T—,£ A-0 fi'irp, 50 days 6 months to 1 Year to 2 Years 5 years 60 d'-.ys 90 days 5 years Total — Bills discounted .— — — 122 1*2 105 295 1,752 2,296 — Industrial advances 2,288 1,1+16 1,398 1,386 181 869 75k 9,807 1,515 U.S. Government securities, .1,233,600 581*,000 8l+,800 238,700 1*3,000 — — direct and guaranteed 2,184,100 wmwm mmmm Form F# K* 283-d FEDERAL RESET;VE NOTE ST'.TEJ” T,T OF JULY 16, 194l (in thousands of oilers) Total Federal Reserve notes: Issuod to F.E.Bank by F.R.Agent Hold by Federal Hosorve Bank In actual circulation Boston N qt; York Phi la» Clovs* I ich* Atlanta Chicago St.Louis Finn. Kans.Cy. Dallas San Fran* 7,138,328 590,0^6 1,091*,978 487,947 660,21? 3^,588 247,182 1,490,292 267,690 177*929 235*490 121,2o7 b22,o92 364*250 28,160 102,520 18,737 23,669 22,134 25,025 33*226 15*892 5*343 10,812 14,465 64,267 6,774,078 561,896 1,792,458 469,210 636,548 320,454 222,157 1,457*066 251,798 172,5C0 224,678 ICj,802 55^,¿¡25 Collateral hold by agent as se curity for notes issued to bank: Gold certificates on hand and duo from U. S. Treasury Eligible paper Total collateral 7,293,500 615,000 1,910,COO 500,000 665,000 570,000 250,000 1,520,000 279*000 179,000 240,000 126,500 639*000 1,801 47 i*3C5 126 — — — — — 209 114- 7,295*301 615,047 1, 911*305 500*126 665,000 370,000 250,000 1,520,000 279*000 l'79,209 2Ù0,114 126,500 639*000