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Form F . k , 283 STATEMENT FOR THE PRESS Released for publication Friday m o r n i n g , July 3; not earlier, Board of of the Federal Reserve System July 2 , I9I4.2 CONDITION OF THE FEDERAL RESERVE BANKS • During the' week ended July 1 member bank reserve balances 'decreased $331,000,000. Reductions in member bank reserves arose from increases of $31.1.6,000,000 in Treasury deposits with Federal Reserve Banks, $135,000,000 in money in circulation, and $1^,000,000 in Treasury ,cash, offset in part by increases of ^175,000,000 in Reserve Bank' creditfy$U,000,000 in gold s t o c k , and a decrease of $23,000,000 in nonmember deposits and other Federal Reserve accounts• Excess reserves of member banks on July 1 were estimated to be approximately $2,260,000,000, a decrease of $390,000,000 for the week* The principal change in holdings of bills and securities was an increase of $114.5 tOGO ,000 in United States'Government securities, bonds increased $7,000,000, certificates $39,000,000, and bills $ 9 9 # O O O f O O O , Changes in member bank reserve balances and related items during the w e e k and the year ended July 1 , l^U'Z9 were as follows: Increase or decrease since July! 1 , • 1>' ;2 June 2 5 , July 2 , 19h2 (In millions of dollars) Bills discounted U . t>. Government direct obligations U . S . Government guaranteed obligations Industrial advances (not including 1? million commitments - July l) Other Reserve Bank credit 3 2,723 5 11 131 Total Reserve Bank credit Gold stock Treasury currency 2 ,873 22,739 3,314 Member bank reserve balances M o n e y in circulation Treasury cash Treasury deposits w i t h :F. R . Banks Nonmember deposits end other F . R . accounts 12,192 12 ,1+16 .2,185 U85 1,638 __ - 2 +1U5 + 5bk — — — •+ + 32 ' +175 + k + 1 -331 +185 + b +346 - 23 + 2' sh + 600 + 112 + 16k - 933 +2,712 - 81. - 352 - kn STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OK JULY 1, 19i*2 (In thousands of dollars.) Boston N e w York Phila. Cleve. R i c h . Atlanta Chicago St.Louis M i n n . K a n s . C y . Dallas Form F . R . 283-0 Total L I A B I L I T I E S F . R . notes in actual circulation 9,1*09,11*2 Deposits: Lieiriber bank-reserve acct. 12,191,553 U.S.'Treasurer-general a c c t . 4 8 5 ,361+ Foreign ' 886,029 Other 1*55,1+01;al deposits .702,163 2,356,026 670,1*11 897,095 5 1 5 , 8 6 5 3 6 6 , 0 7 1 1,937,995 3 7 1 , 0 2 4 2 3 2 , 9 7 5 3 0 9 , 2 5 7 1 6 5 , 5 0 3 884,757 573,537 5,209,290 35,331 il*o>396 23,680 -1*71,070 11*,7-05 317,221* 673,81*3 26,91*5 65,314 7,004 800,275 1*7,529 62,592 45,790 467,852 356,564 1 , 7 7 9 , 1 2 6 363,142 182,610 382,024 326,770 23,497 16,482 79,333 23,409 31,086 18,557 16,866 29,936 2 3 . 8 1 2 83,003 20,411 ll*,968 19,730 19,730 6,62? 3,336 3,406 1 2 , 9 6 9 1 0 , 1 3 6 4,o39 1,710 996,515 2s,925 51,783 27,355 647,253 6,137,980 773,m 1,036,186 72,629 141,252 83,355 3.7,533 157,436 45,610 135 165 243 143 208 57 14,018,347 Deferred availability items 1 £ 1 4 , 3 5 1 Other liabilities including accrued dividends 1,876 C A P I T A L 102,693 229,845' 389 197 5 2 7 , 9 1 2 400TS94"1,944,873 .419,931 238,800 42E793C3557J75T.7Ior,5Sr- 20,192 42,065 31,1*68 50,223 Hi* 92 53 7-5 24,1,1*3,716 1 , 4 5 2 , 4 9 8 8 , 7 2 4 , 0 4 8 1 , 5 1 6 , 2 8 6 2 , 0 7 4 , 6 9 8 T J l 2 7 , 3 8 0 8 o 7 r T O X o 5 ^ 5 6 2 8 3 6 , 6 2 T 4 9 2 , 0 4 2 TOTaL LIABILITIES San F r a n . 776,3^362713^27336 A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13*>) Other capital accounts TOT^iX LIABILITIES A M D CAPITAL A C C O U N T S 144,834 157,502 26,781 48,551* 53,1*1*2 56,651 7,070 13,51*6 11,785 15,171 4,393 3,236 14,810 ll' 1 ,007 1*,767 5,819 5,236 3,21*1+ 1,976 5: 5,725 713 2,396 15,921 22,925 1,429 8,497 4,1*34 4,966 530 1,91*7 3,059 3,152 1,000 2,608 i*,67i 3,613 1,157 2,093 1*,1*36 3,976 1,263 1,91+2 11,959 10,792 2,121 3,001 24,821,437 1,478,296 8,354,757 1 , 5 5 0 , 8 7 1 2 , 1 0 9 , 6 2 8 1 , 1 4 3 , 6 5 5 313,343 4,089,33''* 348,51*9 5 0 1 , 8 6 1 787,900 5 7 3 , 7 5 6 2 , 0 6 4 , 4 8 7 Commitments to make industrial advances F . R . notes outstanding Collateral for F.R.notes held b y F.R. Agents; Gold certificates Eligible paper 9,1+30 10,949 2,874 2,545 17,100 756 1,972 665 2,101 2,113 -- 3,321+ — 3,655 >448 l ,376 685 9,824,376 739,869 2 , 4 5 0 , 8 9 8 695,022 930,267 5 4 7 , 5 2 3 3 9 1 , 1 3 6 1 , 9 3 2 , 5 0 8 394,287 2 3 3 , 6 8 4 3 1 7 , 9 2 8 1 7 9 , 2 0 2 957,000 9,951*, 000 1,1+72 750,000 2 , 4 6 5 , 0 0 0 215 720 715,000 I4I.O 935,000 575,000 395,000 2,000,000 404,000 2 4 1 , 0 0 0 320,000 185,000 LOO 27 969,000 M A T U R I T Y D I S T R I B U T I O N OF B I L L S A N D S E C U R I T I E S Total Bills discounted Industrial advances U . S . Government s e c u r i t i e s , direct and guaranteed 3,31*3 10,550 2,728,438 Within 15 days 1,692 5,670 35,568 61 to 90 days 9 1 days to 6 months o months to.1 yoar 1 to 2 years 16 t o 30 days 31 to 60 days 280 5? 531 .665 1,065 249 51*6 7i+2 1,400 61,587 62,233 159,567 159,027 147 .-.200 237,175 2 to 5 years 5 Over years 993 1 ,L62,58l Form F. R, Released for publication Friday morning, July 3,191*2$ not earlier.STiVTEMSNT OF CONDITION OF THE TlfSLVE FEDERAL RESERVE BANKS COMBINED . (In thousands of dollars) Increase*. or decrease since July 1, 191*2 June. 2 4, 191*2 July 2, 191*1 A S S E T S Gold certificates on hand and due from U . S. TreasuryRedemption fund - F. R . not^s Other cash Total reserves Bills discounted* Secured by U . S . Gov't obligations, direct and guaranteed uthur bills discounted Total bills discounted 20,550,627 15,01*2 259,21+7 20,82l+,9l6 -1,106 -26,999 +238,396 + 6,189 + 18,167 -28,105 +262,752 1,780 1,563 - 1,665 126 + + 1+15 1+20 3,51*3 10,550 - 1,791 1+6 .+ + 835 1,277 — Industrial advances U* S. Government securities, direct and guaranteed} Bonds Notes Certificates Bills Total U. S. Government securities, direct and guaranteed 1,619,681 717,275 72,752 318,730 + 7,300 + 500 +38,650 +99,255 +255,881 -103,025 + 72,752 +313,730 2,728,1+38 +11+5,705 +5l*l+,338 Total bills and securities 2,71*2,331 +11+3,868 +51+6,1+50 Due from foreign banks F. R. notss of oth-r bonks Uncollected items Bank premises Other assets 1*7 25,332 1,11+5,21+8 1*0,1*25 1*2,638 17 +149,322 58 + 1,906 + 2,053 +166,170 + 263 - 2,003 2l+,821,1+37 +166,916 +975,685 9,1+09,11+2 +155,1+73 +2,621,228 12,191,553 1*85,361+ 886,029 1+55,1+01 -331,790 +31+6,779 - 78,999 + 62,219 -933,823 -351,1+88 -322,196 -156,102 11+, 013,31+7 1,01^,351 - 1,791 + 17,561 -1,763,609 +112 ,1+15 1,876 2i+ ,1+145,71.6 - 1+,1+1+6 +166,797 + 129 +970,163 lljl+,38i+ 157,502 26,781 . 1+8,551+ 2l+,821,1+37 + , ll+l TOT.iL 4*SSLTS L I (i B; 1 L I T I E S F. R . notes in actual circulation Depositsi Member bank - reserve account U. S. Treasurer - general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C -i f I I u L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section ljb) Other capital accounts T0T.iL LIABILITIES AND CaFIT^L uCCOUNTS Ru.tio of total reserves to deposit and F . R, note liabilities combined Commitments to make industrial advances 88.9'^ 17,100 — - - - - - 22 +166,916 .7% + 268 + + i+,1+15 1+37 1+ _.+ 671+ +•975,685. - 2.2% + 1+,510 Form F . R . 283"b STATEMENT OP CONDITION OF THE FEDERAL RESERVE BANKS -ON JULY I, 191+2 (In thousands of dollars) S S E T S Rich, Atlanta Chicago St.Louis Minn. ;Kans.Gy. Dallas S an Fran, Total Clevs. Phila. Boston How York Gold, certificates on hand and duefrom U."S. Treasury 20,550,62? 1,123,92b 7,743,255 1,244,036 1 , 6 6 8 , 3 6 5 Redemption fund - F.R.notes 15,042 1,104 2,791 ' 1,623 979 Other cash 20,72.1 62,132 259,2ii.7 14,769 22,977 864,005 627,819- 3,511,933 642,294 395,552 600,801 416,451 1 , 7 0 2 , 1 9 2 1,0 86 764 169 : 330 3,137 1,559 749751 1 1 , 6 84 17,723 25,343 43,450 6,051 11,690 12,504 10,193 Total reserves 375,757 646,293 3,556,469 655,547 401,772 612,821 423,399 1 ,730,677 20,824,916 1,152,436 7,812,010 1,259,909 1,692,321 Bills discounted! Secured b y IX. S . Gov't obligations* 1,730 direct and 'guaranteed Other bills*discounted 1,563 215 — . 700 657 4io 144 158 100 66 - - 53 133 300 45 — — 33 5 66 — 3,343 215 1,357 554 156 166 53 I83 345 33 71 Industrial advances 10,550 U . S . Government securities, direct and guaranteed* Bonds 1,619,681 Notes717,2*75 Certificates 72,752 Bills: . 313,730 1,171 1.046 5,396 223 617 993 309 8 44l 56 50,681 . 5,i4o 22,52c 446,854 197,889 20,072 87,934 116,827 51,737 5,248 22,990 148,379 65,709 6,665 29,199 1 0 1 , 0 3 3 70,439 44,742 31>194 3,164 " 4,533 19,882-• 1 3 , 8 6 1 213,336 82,286 4l ,901 94,477 36,440 18,554 3j696' 1,882 . 9,582 8,246 41 ,-982 .16,193 Total U . S . Gov*t securities, direct and guaranteed 2,728,^33 192,783 752,749 196,802 249,952 170,195 118,658 250,338 170,978-119,704 2 2 1,498 2,650 89,581 45,962 3,066 1,957 1,770 2,773 Total bills discounted Total bills and securities .194,169 755,152 202,752 Due from foreign banks 47 F . R* notes of other banks 25,832 Uncollected items 1,145,248 Bank premises 40,425 Other assets 42,638 3 880 125,313 2,750 2,745 18 2,674 263,061 •10,397 11,445 5 1,568 78,772 4,802 3,063 44, 164 209 76 69,391 62,757 30,951 27>793 2,819 3.1:59 13-, 753 12,350 151,536 67,108 6,807 29,820 359,377 138,615 70,583 117,73^ 105,719 255,271 359,869 138,968 71,057 117,861 105.972 • 2 5 5 , 5 1 1 * .1 1 4 4,168 2,296 717 1,905 24,622 50,232 35,472 66,873 2,837 a ,098 2.729 1,324 1,131 1,352 '.1,597 4,525 * 2,742,331 T O L A ASSETS 44 . 50 114 — .24,321,437. 1,kid,296 • 4 1,894 156,192 4,333 '4,496 6 3,394 161,422 2,950 5,224 1 2,188 47,746 2,132 1,967 8,8?4,757 1 , 5 5 0 , 8 7 1 2,109,628 1,143,655 818,31+3 1+,089,334 81+8,549 5 0 1 , 8 6 1 787,900 573,756 2,064,467 *Less than $500.
@FedFRASER