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FormF.R.283
STATEMENT FDR THE PRESS
Released for publication
Saturday morning, July 6;
not earlier.
Board of Governors
of the Federal Reserve System
July
19^0
CONDITION OF THE FEDERAL RESEPVE BANKS
During the week ended July 3 member bank reserve balances increased
$lUj 000,000* Additions to member bank reserves arose from increases of
$192,000,000 in gold stock and $2,000,000 in Treasury currency and a decrease of $80,00Cj0C0 in Treasury deposits with Federal Reserve banks
offset in part by increases of SliiU,0CCj000 in money in circulation,
$14*000,000 in Treasury cash and $102,000,000 in nonmember deposits and
other Federal Reserve accounts and a decrease of $8,000,000 in Reserve
bank credits Excess reserves of member banks on July 3 were estimated to
be approximately $6,810,000,000, an increase of $10,000,000 for the week.
The principal change in holdings of bills and securities was a decrease of $23*000,000 in United States Government securities direct and
guaranteed; holdings of bonds decreased $20,000,000 and of notes $3,000,000.
Changes in member bank reserve balances and related items during the
week and the year ended July 3* 19^0, were as follows:
Increase or decrease
since
July 3
19^0
June 26,
July 5,
19U0
1939
("In millions of dollars)
Bills discounted
2
—
—
Bills bought
S. Government securities,direct and guaranteed 2,i£0
Industrial advances (not including 9 million
commitments - July 3)
9
Other Reserve bank credit
i|2
—
-
23
-
3
1
101
15
+
3
l4l
—
+
Total Reserve bank credit
Gold stock
Treasury currency
2,503
20,063
3 >011+
•
8
+ 192
+
2
66
+
3,927
Member bank reserve balances
Money in circulation
Treasury cash
Treasury deposits with F # R. banks
Nonmember deposits and other F. R« accounts
13,737
7*92l*
2,190
221
1*507
+ Ik
+ Ihk
+
+
U
- 80
+ 102
+
13k
3,586
+ 82l+
- 387
- 599
+ 572
Form FR-283-a
Released for publication Saturday morning* July 6, I9UO5 not earlier*
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands of dollars)
Increase or decrease
since
June
26,
July 5,
July 3,
19UC
i939
19U0
ASSETS
Gold certificates on hand and
due from U. S. Treasury
Redemption fund - F# R* notes
Other cash
17,8Ucj475
10,862
338,2^8
- 4o,532
+4,305,756
+
2,U50
+ 20,It92
Total reserves
18,189,585
+lli6,l467
+4,328,698
Bills discounted:
Secured by U# S# Gov't obligations,
direct and guaranteed
Other bills discounted
711
1#U37
120
2,261
Total bills discounted
2,1^8
113
2,14.90
9,186
211
556
3,132
1,323,196
1,126,732
--19#987
- 3,393
1+12,106
14-9,377
1j63,438
Total U« S» Government securities*
direct and guaranteed
2,1+49,928
- 23,380
- 100,709
Total bills and securities
2,i|6l,262
- 23,282
-
Bills bought in open market
Industrial advances
U# S« Government securities*
direct and guaranteed:
Bonds
Notes
Bills
Due from foreign banks
F. R. notes of other banks
Uncollected items
Bank premises
Other assets
TOTAL
ASSETS
L I A B I L I T I E S
F. R. notes in actual circulation
Depos its s
Member bank - reserve account
U*S.Treasurer-General account
Foreign bank
Other deposits
Total deposits
Deferred availability items
Other liabilities including accrued
dividends
TOTAL
L I A B I L I T I E S
C A P I T A L _A £ C 0 U N T S
Capital paid Tn *"*
Surplus (Seotion 7)
Surplus (Section 13 b)
Other capital accounts
TOTAL LIABILITIES AHD CAPITAL ACCOUNTS
Ratio of total reserves to deposit and
F. R« note liabilities combined
Commitments to make industrial advances
47
20,227
721,1)40
la, lt-36
5k, k5 0
+186,999
229
7
Mate
+
1,738
+ 65,209
54
*
393
+
+
+
106,887
120
9
130,61a
920
.7,073
21,1*88,1414.7
+190,1471
+k,35B,k9k
5,2U7,837
+103,387
+ 70l+,66o
+
+
+
13,810
79,163
94,653
11,125
+3,585,576
- 598,761
+ 1+56,067
+ 111,723
679,1+76
+ 1+0,1425
+ i+9*907
+3,55l+,605
+
89,064
1,373
- i+,l4l3
808
21,132,116
+189,306
+ 1+,347,521
137.19k
151,720
26,839
1+0,578
21,1+88,10+7
+
+
+
13,736,629
221,1414-7
753,332
1+92,022
15,2C3,U30
08.9%
8,700
91
mm
+ l*C7k
+190,1+71
+
.1%
62
2,I4L
2,568
1425
+
6,689
+Z+,35", 1+94
+
3.3^
2,258
Form FR-283-b
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAIIKS01!JU1IE3, 1940
(In thousands of dollars)
A BB E T D
Total
Boston
New York
Phila.
Cleve.
Rich. Atlanta
Chicago St,Louis
Minn, Xans.Cy • Dallas San Frar
Qold certificates on hand and
due fron U. S. Treasury
17,81*0,1+75 1*031,39!+ 8,CG3,it25
Redemption fund - F.R.notes
10,862
1,311
2,055
Other cash
338,21+8
93,1+01
28,906
922,862 l,ll+l+,380 452,417 338,501+ 2,75l+,863 1j29,027 263,109 362,730 2l*i+,753 1,013,011
291
698
1,250
1+11+
1,341
1,605
194
477
531
695
29,218 21,892 17,161
28,11+5
2i+,567
1+4,339 16,083
4,197 17,259 13,080
Total
951,1421 l,17l+,296 475,914 355,956 2,800,1+52 l+i+5,587 267,837 380,183 258,528 1,038,919
reserves
18,189,585 1,062,355 8,978,137
Bills discounted*
Secured by U. S. Gov't obligations,
direct and guaranteed
711
Other bills discounted
1,1+37
127
22
180
222
66
17
78
53
1+0
70
15
149
81
10
—
Total bills discounted
2,ll+8
ll+9
1+02
83
131
110
164
Industrial advances
9,186
U. S. Government securities,
direct and guaranteed*
1,323,196
Bonds
Notes
1,126,732
1,11+1
1,998
2,710
350
894
96,517
82,186
1+05,667
345,434
105,011
89,1+21
135,697
115,51+9
Total U.S. Gov't securities.
direct and guaranteed
2,141+9,928
178,703
751,101
Total bills and securities
179,993
3
552
75,321+
2,861
3,681
Due from foreign banks
Fi R. notes of other banks
Uncollected itens
Bank premises
Other assets
T O T A L
A S S E T S
2,1+61,262
1+7
20,227
721,1*1+0
1+1,1+36
5!+, I+50
—
100
70
58
15
361
39
297
91
100
128
376
336
78
239
298
10
225
195
1+66
660
66,228
56,395
48,524
4L,320
I4O,39C
119,550
61,227
52,136
38,930
33,150
62,501
53,221
51,559
43,905
110,937
94,1*65
19^,1+32
251,21*6 122,623
89,844
259,948 113,363
72,080 115,722
95,464
205,402
753,501
197,225
251,727 123,627
90,247
260,337 113,473
72,433 116,293
96,266
206,l4o
18
1,722
l92,ll+o
9,002
15,857
5
945
51,588
4,509
4,274
1
1
526
1,684
31,465 22,312
l,l4o
3,149
2,479
2,479
4
3,oi4
37,724
2,902
4,919
2
2
1+
1,732
2,537
1,431
83,230 59,663 25,389
2,012
5,473
2,507
1,950
3,154
6,175
1,32^,769 9*951,177 1,209,967 1,522.637
*Less than $500.
667,U6U
6
2,485
94,276
3,356
5,483
*
1
1,952
1,647
30,829 17,500
2,3144 1,301
2,360
1,639
78
1*76,907 3.166,395 596,5^ 362,14-37 535.254 361,252 1,293,622
Form FR-283-C
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH JULY 3, 1940
(In thousands of dollars)
L I A B I L I T I E S
Total
Boston
New York
Phila.
Cleve.
Rich. Atlanta
Chicago St.Louis
Minn. Kans.Cy. Dallas
F. R. notes in actual cir—
culation
5,247,837
430,139 1,406,195
Deposits*
Member bank-reserve acct. 13,736,629
729,677 7,526,568
U.S.Treasurer-General acct. 221,Ukl 7,079
50,814
Foreign bank
753*332
270,890
53,668
Other deposits
l+92,0£2
5,909
407,929
362,11+4
1471,925 229,791 166,21+7 1,138,333 197,079 144,586 190,528
662,809
11,506
73,319
14,548
81+3,310 317,560 227,109 1,757,650 313,999 155,001+ 266,957 225,070
ll+,631 13,011+ 11,651+
3l+,768 15,060 15,069 13,^25 15,677
69,579 32,171 26,105
89,779 22,1»45 16,1+59 21,697 22,1+1+5
9,938
2,392
5,187
4,860
5,953
6,367
1,674
3,184
797,133 8,256,201
762,182
937,458 365,145 270,135 1,887,077 357,457 192,919 303,733 267,176
Total
deposits
15,203,1+30
Deferred availability items
Other liabilities including
accrued dividends
TOTAL LIABILITIES
C A P I T A L
1426,978
710,128
17,910
54,695
2l+, 081
806,814
679,1+76
72,645
165,619
52,473
79,632
57,010
25,581
95,573
30,905
15,596
30,326
20,762
33,354
1,373
257
1144
153
172
29
79
177
34
89
137
73
29
21,132,116 1,300,174 9,820,159 1,176,952 1,489,187 651,975 4S4,ol+2 3,121,160 585,475 353,190 524,724 369,903 1,267,175
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
137,194
151,720
26,039
40,578
9,337
10,1+05
2,074
1,979
51,076
53,326
7,109
11,507
11,898
14,190
4,393
2,526
14,027
14,323
1,007
4,093
5,287
5,247
3,246
1,649
4,61+2
5,725
713
1,065
13,691
22,824
1,^9
7,291
4,139
4,709
538
1,685
2,961
3,152
1,001
2,133
4,398
3,613
1,11+2
1,377
4,123
3*974
1,266
1,986
11,615
10,224
2,121
2,1+87
21,488,1+47 1,324,769 9,951,177 1,209,967 1,522,637 667,404 476,987 '3,266^395-596*5^-362,437 535,254 381,252 1,293,622
Commitments to make industrial
advances
8,700
Total
Bills discounted
Industrial advances
U. S. Government securities,
' direct and guaranteed
81,892
San Fran.
2,146
9,186
2,1449,928
267
Within
15 days
1,069
1,910
811
1,137
1,154
678
511
17
351
MATURITY DISTRIBUTION OF BILLS AND SECURITIES
16 to
30 days
145
367
31 to
60 days
162
78
61 to
90 days
304
369
91 days to
6 months
I463
6 months
to 1 Year
5
55
1 Year
to 2 Years
3,560
159
2 Years to
5 Years
862
1,032
1,580
2,988
1^5,974
177,220
186,967
732,267
Over
5 Years
1,247,500
Form FR-283-d
FEDERAL RESERVE NOTESTATELIEST?OKJU1TE20,1940
(in thousands of dollars)
Total
Boston
New York
Phila.
Cleve.
Rich* Atlanta
Chicago St.Louis
Minn. Kans.Cy. Dallas San Fran.
Federal Reserve notess
Issued to F.R. bank by F.R.agent
Held by Federal Reserve bank
5,533,705 1+51,696 1,1+93,034 382,933 1+95,965 21+5,470 181,815 1,171,251 206,004 148,277 197,454
285,868 21,557
86,839 20,789 24,040 15,679 13,568
32,910
8,925
3,691
6,926
86,599 471,207
6,7C7 44,229
In actual circulation
5,247,837 430,139 1,406,195 362,li^ 1+71,925 229,791 168,21+7 1,138,333 197,079 144,586 190,528
81,892 1426,978
Collateral held by agent as security for notes issued to bank*
Gold certificates on hand and
due fron U. S. Treasury
Eligible paper
Total collateral
5,6011,500 1460,000 1,515,000 385,000 1+97,OCC 250,CC0 185,000 1,180,000 209,000 11+8,500 2 00,000 91,000 !+8l+,0CC
1,334
ll+9
1+02
83
—
110
—
—
-100
128
362
5,605,831+ l|6o,ll+9 1,515,1+02 385,083 1+97,coo 250,110 185,000 1,180,000 209,100 li+8,628 200,362
91,000 484,000
@FedFRASER