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Form F» H, 283 STATUTE!!? FOP. rnT £ PRESS Released for publication Friday morning, July 1+J hot earlier* Board of Governors of the Federal Reserve System July 3> ly'l-*! C01IDIT ION OF TT'E FEDERAL RESERVE BANKS During the week ended July 2 member bank reserve balances increased $ll+0, 000,000# Additions to member bank reserves arose from decreases of $21+1+,000, 000 in Treasury deposits with Federal Reserve banks e.nd ^77*000,000 in nonmember deposits and other Federal Reserve accounts, and increases of $21+,000,000 in Reserve Bank credit, §7*000,000 in gold stock and v2,000,000 in Treasury currcncy, offset in part by an increase of v2ll+,000,000 in money in circulation. Excess reserves of member banks on July 2 were estimated to bo approximately s’ 5,270,000, 000, an increase of $120,000,000 for the week. Changes in member bank reserve balances and related items during tho week and the year ended July 2, 19^41 were as follows; Increase or decrease since July 2, 19 U Juno 25# 19U1 July 3 19U 0 (In millions of dollars) Bills discounted TJ. S. Government direct obligations U. S. Government guaranteed obligations Industrial advances (not including 13 million commitments - July 2) Other Reserve Bank credit 3 2,179 5 Total Rosorvo Bank credit Gold stock Treasury currency 2,273 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F.R. accounts 9 77 22,627 3,150 15,125 9,7oi+ 2,276 037 2,109 + 1 mm mm +23 + 1 -26b - 2 + 35 +2l+ +7 +2 +2,561+ + 136 +11+0 +2li+ + 1 -2I4I+ - 77 - 612 +1,780 + 86 + 616 + 6ce -230 Forn P. E, 283-a Released for publication Friday morning, July 4, l9-4lj not earlier, STATELffiNT OF CONDITION OF THE TTffiLVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since July 3 , June 25, July 2, 194) 1941 1941 ASSETS Gold certificates on hand and +2,1+71,756 due from U. S. Treasury 20,312,231 - 1,1+99 m* Redemption fund - F. R. notes 2,009 8,853 655 214.1,080 - UU,o6i ■97,168 Other cash Total reserves 20,562,165 - 1)67215 +2,372,579 Bills discounted* Secured by U. S. Gov’ t obligations, + direct and guaranteed 56 651+ 1*3'5 Other bills discounted l,iU3 291). + 551 total bills discounted + "2T 50C 360 + 1+95 Industrial advances + + 185 9,273 87 U. S. Government securities, direct and guaranteed* + ¿40,601+ Bonds — 1,363,800 Notes - 306,1+32 820,300 Total U. S. Government securities, direct and guaranteed 2 ,1&1+,100 - 265,828 -- 680 mm*m - 3,14+3 + 88,802 53 + 1,312 mm + 3^552 + 257,638 1,271+ 9,809 + 1+1,083 +2,357,305 6,767,9lU +15l+,722 +1 ,51+0,077 13,125,376 836,852 1,200,225 611,503 15,781,956 901,936 +11+0,266 -2l4l+,273 - 32,051 - 39,187 -175,21+5 + 65,822 mm + + + + + 1,71+7 23,11-73,553 - i+,339 + 1+0,960 371+ +2 ,31+1 ,1+37 lko,h69 157,065 26,785 14.7,880 23,81+5,752 + +1+1 ,083' 3,275 5,3l+5 5l+ + 7,302 +2,357,305 - .1% 4* 91.1$ 12,590 + 93 mm mm - O L I A B I L I T I E S F. R. notes in actual circulation Deposits* I,¡ember banlc-reserve account U. S. Treasurer - General account Foreign Other deposits T6tal deiTOsits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A i A C C OUNTS 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 Comcitnents to make industrial advances 2,195,881 1+7 23,779 979,078 1+0,162 ___ 1)1-1-,61+1 23,81+5,752 •f Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 1+82 265,381 611,253 615,1+05 1+52,852 121,522 578,526 222,lj60 + + 2 .2% 3,890 Form F. R, 23>-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULI 2, 1941 (in thousands of dollars) ASSETS Total Boston New York Phila, Cleve. Rich, Atlanta Chicago St*Louis Minn. Xans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 2C,312,231 1,201,000 8,802,859 1,222,344 1,582,130 604,851 1+81,1+37 3*319,514 573,593 337,607 4.61,124 326,742 1 ,319,230 Redemption fund - F.R.notes 1 ,01+1 581 762 112 88 217 941 8,853 307 757 1,595 355 1,039 Other cash 241,080 51,021 16,545 5,591 l4,i46 15,465 19,961 43,403 17,784 17,565 13,289 20,956 ¿7,334 Total reserves 20,562,164 1 ,219,001 Bills discounted* Securcd by U. S. Gov’ t obligations, direct and guaranteed 81 1,365 Other bills discounted 21 1,143 Total bills discounted 8,81)7,303 1,2142,886 1 ,600,636 699,555 503,150 5,551,097 590,4?l 343,310 475,558 341,034 1,548,^-03 971 627 55 ¿46 100 22 — 8 8 — — 60 179 45 105 20 135 25 — — 259 150 155 25 434 597 275 177 — — 2,508 102 1,598 101 122 8 8 Industrial advances 9,273 U. S. Government securities 9 direct and guaranteedt 3onds 1,363,800 Notes 820,300 1,010 1,534 3,515 528 854 179 99,236 59,719 384,113 231,036 107,301 64, 54i 141.895 74,720 57,484 85,548 44,943 34,577 166,999 65,886 38,477 66,280 53,594 100,446 59,650 23,141+ 59,864 32,255 107,765 64,817 Total U. S, Govlt securities, direct and guaranteed 2,184,100 159*005 615,149 171,8142 227,21+5 119,665 92,061 267,445 105,516 61,621 106,144 85,829 172,582 160,117 618,281 175,458 18 1,704 21)6,101 9,930 11,667 5 1,254 68,214 4,710 3,790 267,335 105,516 62,294 106,891 86,259 * 6 1 1 1 2,250 1,610 2,865 752 395 159,556 5o,l4o 24,426 40,205 58,569 3,007 2,297 1,555 2,940 1,181 5,110 2,023 1,515 2,159 2,016 172,784 - 3 729 91,057 2,805 "3,084 227,695 120,505 92,248 2 2 4 1,506 5,568 2,422 124,904 72,473 31,505 4,515 2,644 1,970 1,870 5,055 2,707 Total bills and securities 2,195,881 Due from foreign banks 47 F. R. notes of other barJks 23,779 Uncollectcd items 979,078 Bank premises 1+0,162 Other assets 44,61+1 TOTAL ASSETS 590 4 2,966 52,070 2,8g 4 3,887 23,61+5,752 1,1+76,796 9,735,004 1,1+96,317 1,964,171 903,454 635,147 3,769,456 752,676 453,089 629,150 469,592 1 ,562,918 *Less than §5^0• Form F. R. 283-c STATffiiEIIT OF CONDITION OF THE FEDERAL RESERVE BA1IKS OK JULY 2, 1941 (in thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual cir culation 6,787,914 Deposits» Member bank-reserve acct.13,125,376 U*S.Treasurer-General acct. 836,852 Foreign 1,208,225 Other deposits 611,503 Total deposits 15 ,781,956 Deferred availability items 901,936 Other liabilities including accrued dividends 1,747 Boston Mew York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 562,665 1,813,043 467,660 >28,060 321,594 224,966 1,448,594 251,694 172,470 224*121 108,959 564*060 686,289 6,396,469 49*583 244,034 57,066 457,687 12,629 484,022 696,668 93*549 117*392 19*734 96,186 22,395 22,734 lll,54i 52,o4o 42,338 21,669 7,578 6,697 134,751 46,885 31,813 31*490 31*105 145*228 36,507 26,625 55,097 55*097 8,252 9*764 8,486 5,459 2,l44 795*254 52,327 91*987 27*269 805*567 7,582,212 82,559 211,008 927,343 1,189,103 4-98,135 365*968 2,129,597 44o,568 229,900 556,128 512,71 c 66,644 112,426 67,510 50,557 145,661 48,559 20,866 57,522 56,587 946,837 44,257 420 210 157 174 244 36 178 66 72 TOTAL LIABILITIES 25,475,553 1,4-51,211 9*606,473 1,461,804 1,929,771 887,483 619*527 3,721,850 ?4o,867 425,388 CAPITAL A C C O U N T S Capital paid in 14,960 4,306 2,997 11,912 140,469 9*344 51*619 14,499 5,456 4,821 Surplus (Section 7) 10,906 56¿447 157,065 15*144 22,824 4,925 3,152 14,323 5,247 5,725 Surplus (Section 13b) 7,070 2,874 715 26,785 1*007 3,244 1,429 555 1*000 4,393 Other capital accounts 47*880 2,461 3*064 13,595 4*571 2,004 2,361 8,413 2,027 2,552 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 25,845,752 1 ,.476,796 9*,755,004 l,,496,317 i,,964,171 903,454 655,147 3,709,456 752,670 455,089 Commitments to make industrial advances 2 1,521 12,590 1,554 563 32 869 49 2,193 1*575 MATURITY DISTRIBUTION OF BILLS AIID SECURITIES 1 Year 61 to 16 to 91 days to 6 months Within 31 to to 1 Year to 2 Years 6 months Total 15 days 30 days 60 days 90 days Bills discounted 2,508 142 100 26 290 1*950 Industrial advances 521 526 860 i,4oo 9*273 1*525 859 1,495 U.S. Government securities. direct and guaranteed — — — — 84,800 2,184,100 43,000 258,700 92 19 79 617,863 458,143 1*555*173 4,54o 5,613 1,138 1,996 ¿+*272 3*974 1*263 1,940 11*743 10,785 2,121 3*096 629,150 .469,592 1,582,918 eoo 2 Years to 5 Years 39 3*613 Over 5 Years 2,307 584,000 1,253*600 Forra F. R. 283-d FEDERAL RESERVE NOTE STATEMENT Oil JULY 2. 1941 (In thousands of dollars) Total Boston New York Phila. Cleve. Ridi. Atlanta Chicago St »Louis Kinn» Xans.Cy. Dallas Son Fran. Federal Reserve notes: Issued to F.R. Bank bv F»R.Agent 7,067,169 584*886 1,885,087 484,326 649,333?,377 240,499 1,476,576 263,316 176,712 233,401 110,618 615,94? Held by Federal Reserve Bank 279,255 22,221 72,01+4 16,666 21,274 16,703 15,533 27,902 11,622 4,2^42 9,360 9,659 51,069 In actual circulation 6,787,914 562*665 1,013,043 467,660 620,068 321,594 224,966 1,440,594 251,694 172,470 224,121 108,959 564,000 Collateral held by agent as se curity for notes issued to bank* Gold certificates on hand and due frora U.S.Treasury Eligible paper Total collateral 7,184,000 590,000 1 ,900,000 490,000 655,000 350,000 245,000 1 ,500,000 279,000 177,000 235,000 124,000 o39,000 2,190 102 1,598 101 — 0 — — — 259 150 7,106,198 590,102 1,901,598 490,101.655,00c 350,000 2'.:?,coo 1,500,one 279,000 177,239 235,150 124,000 639,000
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