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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, July 25; not earlier, Board of Governors of the Federal Reserve System July 2-4? 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 23 member bank reserve balances decreased $106¡,000,000. Reductions in member bank reserves arose froa increases of $105,000,000 in Treasury deposits with Federal Reserve Banks and $11,000,000 in Truasury cash, and a decrease of $46,000,000,in Reserve Bank credit, offset in part by increases of $9,000,000 in gold stock,/f^OOO,000 in Treasury currency, and de creases of $11 ,000,000 in money in circulation and $34 ,000,000 in nomember deposits and other Federal Reserve accounts. Excess reserves of member banks on July 23 were estimated to be approximately $5,180,000,000, a decrease of $160,000,000 for the week'. Changes in member bank reserve balances and related items during the week and the year ended July 23, 1941, were as follows* Increase or decrease since July 23, 1941 July 16 , 1941 July 24, 1940 (in millions of dollars) Bills discounted U. S. Government direct obligations U. S. Government guaranteed obligations Industrial advances (not including 11 million commitments - July 23) Other Reserve Bank credit 3 2,179 5 + 1 — — - 264 2 10 51 - 47 + + Total Reserve Bank credit Gold stock Treasury currency 2,248 22,664 3,161 - 46 + 9 + 4 - 243 +2,297 + 141 Llcnbcr bank reserve balances Honey in circulation Treasury cash Treasury deposits with F. R. Banks II0nr.1er.1ber deposits and other F. R. accounts 13»117 9>634 2,320 954 2,047 -106 - 11 + 11 +105 34 — 448 +1,780 + 91 + 311 + 459 — 1 22 F o m F.. R. 283-a Released for publication Friday corning, July 25» 1941 j not earlier. STATEMENT OF CONDITION OF THE THELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since July 16, July 24, July 23, 1940 1941 1941 ASSETS Gold certificates on hand and due fron U. S. Treasury - 5,001 +2,188,555 20,302,531 Redenption fund - F. R. notes + 3 ,4l8 + 4,085 16,271 Other cash + 9.790 293,072 - 87,212 Total reserves +2,104,761 + 8,874 20,611,874 Bills discountedt Secured by U. S. Gov’ t obligations, direct and guaranteed 25 905 . 93 Other bills discounted + 457 + 94 ...1*821 Total bills discounted 2,728 + 432 + 1 + 46 + 750 Industrial advances 9,853 U. S. Government securities, direct and guaranteed: Bonds + 40,604 1 ,363,800 — Notes 820.300 - 306,432 Total U. S. Government securities, - 265,828 direct and guaranteed 2,184,100 — — Total bills and securities Due fron foreign banlcs F. R„ notes of other banks Uncollected items Bank prenises Other assets TOTAL ASSETS + 478 219 -184,173 15 + 745 - 265,077 — + 8,718 + 281,440 1,003 - 10,512 23,861,917 -174,310 +2,118,327 6,771,077 - 3,001 +1,547,795 13,117,089 954,398 1,165,141 593.544 15,830,172 885.278 -105,943 +105,026 - 19,975 - 13,655 - 34,547 -137,488 + + + + + 2,658 23,489,185 + 543 -174,493 +2,102,767 140,889 157,065 26,785 47,993 23,861,917 + 2,196,681 47 29,911 936,334 40,429 46,641 — 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 CAPITAL ACCOUNTS 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 91,256 11,393 92 --- + 91 -174,310 + .2* 557 447,472 311,473 350,559 80,691 295,251 259,268 + + 3,429 5,345 54 + 6,840 +2,118,327 + + 2*0$ 2,806 Form F. R, 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 23, 1941 (in thousands of dollars) ASSETS Total Boston New York Phila, Cleve. Rich. Atlanta 1Chicago St.Louis Minn. KannwCy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 20,302,531 1,213,897 8 ,816,271 1,188,943 1 ,574,362 672,053 471,784 3 ,325,273 544,558 340,233 473,185 321,346 1 ,360,626 Redemption fund-F,R, notes 786 548 1,656 416 656 594 16,271 999 1,787 799 1,324 1,593 5,113 Other cash 18,718 38,956 5,972 30,918 26,613 293,072 22,478 20,458 13,115 17,191 18,647 11,953 68,053 Total reserves 20,611,874 1 ,2/ 1,488 Bills discounted» Secured by U.S.Gov’ t obligations, direct and guaranteed 905 Other bills discounted 1,823 8,8o5,980 1,209,817 1,592,352 692,024 499,053 3,365,822 564,275 346,799 485,686 335,247 1,393,331 37 420 1,285 50 36 100 22 “ 8 20 38 50 —* 122 340 8 800 58 168 50 419 *— 45 40 169 19 95 91 168 25 10 45 209 447 114 959 259 353 35 171 Total bills discounted 2,728 Industrial advances 9,853 U.S.Government securities ? direct and guaranteed» 1 ,363,800 Bonds 820,300 Notes 37 1,106 1,705 1,533 86 3,557 99,286 59,719 384,113 231,036 107,301 64,54*1 141,895 74,720 57,484 85,348 44,943 34,577 166,999 65 ,886 38,477 66,280 53,594 100,446 39,630 2.3,144 39,864 32,235 107,765 64,817 Total U. S. Gov H securities« direct and guaranteed 2,184,100 159,005 615,149 171,842 227,243 119,663 92,061 267,445 105,516 61,621 106,144 85,829 172,582 160,148 618,387 18 2,904 220,893 10,107 12,415 175,485 5 1,588 62,659 4,766 3,942 267,914 105,561 62,277 107,217 86,441 227,705 120,471 92,287 * 1 1 6 1 2 2 4 2,050 762 2,804 2,586 1,781 1,736 6,356 2,305 116,521 81,167 32,586 131,365 52,955 22,510 37,877 31,802 2,948 1,181 3,007 2,302 1,353 1,969 4,500 2,687 2,126 1,378 1-994 2,189 1,960 5,374 2,824 5,263 172,788 4 4,056 58,793 2,804 4,023 Total bills and securities 2 ^ 96,681 Due from foreign banks 47 F. R. notes of other banks 29,911 Uncollected items 936,334 Bank premises 40,429 Other assets 46,641 TOTAL A S S E T S 3 983 87,206 2,805 3,153 — 23,861,917 1,495,786 9,750,704 1,458,262. 1,948,081 905,531 630,162 3,776,292 729,806 436,098 637,968 457,428 1 ,635,799 *Less than $500. Form F. F.. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 23, 1941 (in thousands of dollars) L I A B I L I T I E S Total F. R, notes in actual cir culation Deposits* Foreign Other deposits Total deposits Other liabilities including accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts Boston New York Phila. »,771,077 560,594 1,790,887 469,384 639,316 318,744 220 ,643 1,457?220 251,692 172,710 226,005 106,655 ¡,117,089 954,398 .,165,141 593,544 683,970 6,416.098 79,136 301,647 443,201 54,345 9,194 474,601 688,859 69,221 113,008 18,426 967,150 395,494 280,243 1,840,713 319,439 167,700 286,445 2^6,106 834,872 63,140 39,496 36,103 154,015 49,421 34,309 41,043 37,124 49,743 107,183 50,096 40,776 139,804 34,951 25,631 33,786 33,7-6 88,574 4,446 9,264 5,860 2,582 1,515 26,842 27,731 5,754 7,329 ,830,172 885,278 826,645 7,635,547 82,383 195,157 889,514 1,165,204 490,840 364,451 2,138,978 413,075 233,500 363,856 308,531 1 ,000,03] 64,609 108,884 79,631 31,369 131,970 53,118 20,095 36,696 30,659 50,707 Cleve, Rich. .Atlanta Chicago St»Louis Minn. Kans.Cy. Dallas San Fran. 557,227 278 68 81 90 120 66 212 527 259 295 109 553 2 ,,489,185 1,470,175 9,622,118 1,423,719 1,913,663 889,493 616,531 3,728,463 717,966 426,395 626,666 445,965 1,608,03] m c* A S. 15,165 4,343 3,000 4,544 4,278 11,766 9,352 14,515 5,528 4,834 140,889 51,639 11,925 10,906 3,152 22,824 5,247 56,447 15,144 5,725 4,925 157,065 3,613 3,974 10,785 14,323 1,000 1,263 713 7,070 3,244 1,429 1,133 2,121 26,785 1,007 2,874 533 4,393 1,948 3,081 3,096 3,411 2,007 13,430 2,359 2,039 2,551 2,019 .2,479 4,573 47,993 2,658 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1,861,917 1,495,786 9,750,704 1,458,262 1,948,081 905,531 630,162 3,776,292 729,806 436,098 '637,968 457,428 1,635,79S Commitments to make industrial 352 437 39 1,528 2,186 962 779 49 2 3,609 advances 31 11,393 1,419 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 1 Year . Over 2 Years to 16 to 31 to 61 to 91 days to 6 nonths ïïithin 5 Years 5 Years 30 days 60 days 90 days 6 months to 1 Year to 2 Years Total 15 days 20 93 143 236 2,728 2,236 Bills discounted 2,284 852 1,40£ 1,475 309 228 1,225 1,408 2,072 9,853 Industrial advances U. S. Government securities, 584,000 1,233,600 84,800 238,700 43,000 2,184,100 direct and guaranteed Form F. R. 28>*d FEDERAL RESERVE NOTE STATEMENT Oil JULY 23, 1941 (in thousands of dollars) Total Boston Nev; York Phila, Federal Reserve notes* Issued to F.R.Bank by F.R.Agent Held by Federal Reserve Bank In actual circulation Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans#Cy. Dallas San Fran. 7,150,196 587,082 1,899,890 491,295 665,493 341,331 246,881 1,491,898 266,733 178,491 236,684 120,627 623,791 379,119 26,488 109,003 21,911 26,177 22,5(37 26,238 34,678 15,041 5,781 10,679 13,9-72 66,564 6,771,077 560,594 1,790,887 469,384 639,316 318,744 220,643 1,457,220 251,692 172,710 226,005 106,655 557,227 Collateral held by agent as se curity for notes issued to bank* Gold certificates on hand and due from U. S.Treasury Eligible paper Total collateral 7,305,500 615,000 1,910,000 500,000 670,000 370,000 255,000 1,520,000 279,000 181,000 240,000 126,500 639,000 2,204 37 1,705 86 — •' 8 — 45 209 114 — 7,307,704 615,037 1,911,705 500,086 670,000 370,008 255,000 1,520,000 279,045 181,209 240,114 126,500 639,000
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