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Form F. R. 283 STATEMENT FDR THE PRESS Released for publication Friday morning, July 26; not earlier. Board "f Governors of the Federal Reserve System July 25, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 24 member bank reserve balances decreased $298,000,000. Reductions in member bank reserves arose from increases of $365,000,000 in Treasury deposits with Federal Reserve banks, $28,000,000 in nonmember deposits and other Federal Reserve accounts and $30,000,000 in Treasury cash and a decrease of $10,000,000 in Reserve bank credit, offset in part by increases of $111,000,000 in gold stock and $4,000,000 in Treasury currency and a decrease of $18,000,000 in money in circulation. Excess reserves of member banks on July 24 were estimated to be approximately $6,570,000,000, a decrease of $310,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended Jul;.; 24, 1940, were as follows: Increase or decrease since July 24, 1940 July 17, 1940 July 26, 1939 (In millions of dollars) Bills discounted Bills bought U.S.Gov't securities,direct and guaranteed Industrial advances (not including 9 million commitments - July 24) Other Reserve bank credit 4-1 - - - 9 29 - 11 + Total Reserve bank credit Gold stock Treasury currency 2,491 20,367 3,020 - 10 +111 + 4 21 +4,l40 + 127 Member bank reserve balances Honey in circulation Treasury cash Treasury deposits with F. R. banks Noma ember deposits and other F. R. accounts 13,565 7,854 2,229 643 1,588 -298 - 18 + 30 +365 + 28 +3,129 + 852 - 277 99 + 64l 3 - 2,450 2 1 38 4 23 Form ??K?83~a Released for publication Friday morning, July 2,6,1940? not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since July 2.4, 1940 July 17, 1940 July 26, 1939 Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash 18,113,976 12,853 380,284 + 85,498 + 2,500 + 12,645 +4 4 0 4 , 7 5 4 + 3,752 + 9,305 Total reserves 18,507,113 +100,643 +4,417,811 ASSETS Bills discounted: Secured by U. S. Govft obligations, direct aid guaranteed Other bills discounted 998 1,729 + + 230 290 Total bills discounted 2,727 + 520 Bills bought in open market Industrial advances U. S. Government securities, direct and guaranteed: Bonds liotes Bills - - — - 9,103 15 - + 1,323,196 1,126,732 — - - — 63 1,906 1,969 558 3,476 412,106 49,377 401,020 — — — — — — 38,291 - 44,294 Total U. S# Government securities, direct and guaranteed 2,449,928 Total bills and securities 2/61,7 58 Due fron foreign banks F. R # notes of other banks Uncollected items Bank premises Other assets 47 21,193 654,894 41,432 57,153 - 2,415 -135,419 8 + 1,039 51,743,590 - 35,655 +4,405,904 - + TOTAL A S S E T S 505 + — — M* - + — + 118 1,673 27,286 889 7,781 L I A B I L I T I E S F# Rw notes in actual circulation Deposits: Member bank reserve account U. S* Treasurer - General account Foreign bank Other deposits 13,564,561 642,925 742,077 585,358 -298,458 +364,530 + 8,476 + 20,438 Total deposits 15,534,921 + 94,986 +3,666,124 626,010 -124,385 + Deferred availability items Other liabilities including accrued dividends T O T A L L I A B I L I T I E S C A P I T A L 2,205 7,077 + 51.5 724,524 +3,128,275 99,475 + 454,420 + 182,904 - — 4,216 215 21,386,418 - 35,961 +4,394,649 137,460 151,720 26,839 41,153 21,743,590 + + + A C C O U N T S 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 Comnituents to make industrial advances 5,223,282 89.2% 8,587 11 - — M i - + 295 - 35,655 + 2,030 2,568 425 7,082 + +4,405,904 .2% 24 + - 3.155 2,S89 Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESiERVE BANKS ON JULY 24, 1940 (in thousands of dollars) A S S E T S Total New York Gold certificates on hand and due from U.S.Treasury 18,113,976 1,048,558 Redemption fund - F.R.note s 12,853 1,988 Other cash 33,406 380,284 9,017,114 1,035 106,688 928,662 1,176,623 454,195 331,558 2,832,382 436,835 258,540 377,465 242,151 1,009,893 606 1,935 1,247 678 1,302 1,109 451 518 675 1,309 7,445 19,527 13,918 25,551 24,596 20,433 47,199 17.360 32,030 32,131 Total reserves 9,124,837 962,095 1,202,780 480,726 353,238 2,800,690 454,646 266,503 397,667 256,747 1,043,232 18,507,113 1,083,952 Phila. Minn. Xc•liS.Cy. Dallas Boston Cleve. Rich. Atlanta Chic'.-go St. Louis San Fran. Bills discounted: Secured by U.S.Gov't oblinations, direct and guaranteed 998 Other bills discounted 1,729 40 21 283 201 126 91 78 40 113 90 15 201 71 18 30 85 155 50 31 313 56 547 Total bills discounted 2,727 61 484 217 118 203 216 89 115 205 344 603 72 Industrial advances U. S. GovGrnEient securitie direct and guaranteed: Bonds Notes 9,103 1,142 1,991 2,673 367 870 222 302 5 213 193 465 660 1,323,196 1,126,732 96,517 82,186 405,667 345,434 105,011 89,421 135,697 115,549 66,228 56,395 48,524 41,320 140,398 119,550 61,227 52,136 38,930 33,150 62,501 53,221 51,559 43,905 110,937 94,465 Total U.SaGov't securities, direct m d guaranteed 2,449,928 178,703 751,101 194,432 251,246 122,623 89,844 259,948 113,363 72,080 115,722 95,464 205,402 Total bills and securities 2,461,758 179,906 753,576 197,322 251,731123,696 90,282 260,339 113,483 72,498 116,259 96,532 206,134 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 21,193 654,894 41,432 57,153 3 624 62,472 2,861 3,931 18 2,208 157,620 9,802 16,733 5 1,085 45,24-3 4,508 4,439 1 1 1,318 421 26,974 23,005 3,149 1,140 2,623 2,584 4 3,995 36,992 2,903 5,122 T O T A L A S S E T S 4 1,510 78,282 5,461 6,412 2 2,487 52,757 2,507 3,298 2 2,148 32,351 2,011 2,051 2,554 90,813 3,356 5,774 6 1 1,453 30,227 2,353 2,473 * 1,390 18,158 1,381 1,713 - - 72 21,743,590 1,333,749 10,064,794 1,214,697 1,546,180 665,473 482,083 3,243,532 604,636 361,643 547,952 380,469 1,298,382 *Less than $500, Form F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 24, 1940 (In thousands of dollars) L I A B I L I T I E S Total Boston Nev/ York Phila. 428,399 1,392,823 361,037 479,337 227,660 166,239 1,136,378 197,011 142,807 190,799 81,712 418,580 723,961 35,045 53,235 6,797 7,391,410 240,736 262,599 511,714 659,834 32,083 72,893 10,890 836,532 308,797 211,927 1,769,397 312,169 148,129 272,078 214,759 43,795 28,167 28,191 105,235 26,395 24,155 24,528 27,412 69,3.74 31,984 26,033 89,257 2.2,314 16,364 21,570 22,314 7,722 1,616 4,606 5,155 6,039 5,590 1,417 2,000 715,568 27,183 54,3 4) 15,534,921 819,038 8,406,459 775,700 957,223 370,564 270,757 1,969,044 366,917 194,238 319,593 266,485 818,903 626,010 61,296 141,855 44,740 75,860 51,711 2,205 363 435 190 242 49 F. R. notes in actual circulation 5,223,282 Depositsi Lieaber bank-reserve acct. 13,564,56! U.S.Treasurer-General acct. 642,925 Foreign bank 742,077 Other deposits 585,358 Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L 21,386,418 1,309,096 Cleve. Rich. Atlanta 32,010 Chicago St.Louis Minn. Kans.Cy. Dai"as San "V.-'", 21,812 91,842, 29,537 15,221 26,846 20,790 34,302 52 121 151 103 102 285 9,941,572 1,181,667 1,512,662 649,984 469,118 3,198,049 593,517 352,387 537,389 369,090 1,271,887 A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 137,460 151,720 26,839 41,153 9,335 10,405 2,874 2,039 51,080 53,326 7,109 11,707 11,878 14,198 4,393 2,561 14,041 14,323 1,007 4,147 5,319 5,247 3,246 1,677 4,649 5,725 713 1,878 13,892 22,824 1,429 7,338 4,143 4,709 538 1,729 2,959 3,152 1,001 2,144 4/08 3,613 1,142 1,400 4,136 3,974 1,266 2,003 11,620 10,224 2,121 2,530 21,743,590 1,333,749 10,064,794 1,214,697 1,546,180 665,473 482,083 3,243,532 604,636 361,643 547,952 380,469 1,298,382 Commitments to make industrial advances 8,587 265 758 1,136 1,160 676 511 16 350 56 152 3,507 I.IATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Industrial advances U. S. Government securities, direct and guaranteed Total Within 15 days 2,727 9,103 1,402 2,079 2,449,928 16 to 30 days 111 67 31 to 60 days 61 to 90 days 336 207 324 259 91 days to 6 months 546 986 105,974 6 r.onthc to 1 Year 1 Year to 2 Years 8 997 177,220 2 Years to 5 Years 1,428 3,080 186,967 732,267 Over 5 Years 1,247,500 Form F. R. 283-d FEDERAL RESERVE HOTE STATEMENT ON AUGUST 35, 1940 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Kinn. "ans.Cy. Dallas San Fran. r ederal Reserve notes: Issued to F.R.bank by F.R.agent Held by Federal Reserve bank In actual circulation 5,566,947 445,615 1,499,220 381,688 500,534 246,956 181,469 1,183,932 208,030 148,6l4 200,260 343,665 17,216 106,397 20,651 .21,197 19,296 15,230 47,054 11,019 5,807 9,46l 90,064 480,565 8,352 6.1,985 5,223,282 428,399 1,392,823 361 ,037 479,337 227,660 166,239 1,136,-378 197,011 142,807 190,799 81,712 418,580 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper 5,679,500 460,000 1,525,000 390,000 503,000 260,000 185,000 1,200,000 219,000 150,500 205,000 93,000 489,000 1,614 6l 484 217 - 203 - - 115 205 32.9 - - Total collateral 5,681,114 460,061 1,52.5,484 390,217 503,000 260,203 185,000 1,200,000 219,115 150,705 205,329 93,000 489,000
@FedFRASER