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Form F. R. 283 STATEMENT FOR THE PRESS Board o f 'Governors o f the Federal Reserve System July 6, I 9U+ R elea sed f o r p u b l i c a t i o n F r id a y morning, J u ly 7; not e a r l i e r . CONDITION OF THE FEDERAL RESERVE BANKS During the week ended J u ly 5 member bank r e s e r v e b a la n c e s decreased $9^*000,000 • SBduafciCfisin member bank r e s e r v e s a ro se from d e c r e a s e s o f $338,000,000 in Reserve Bank c r e d i t and $60,000,000 in g o ld s t o c k , and an i n c r e a s e o f $177, '00,000 in money in c i r c u l a t i o n , o f f s e t in p a r t b y d e c r e a s e s , o f $31+2,000,000 in T re a s u ry d e p o s i t s w ith F e d e ra l R e se rv e B a n k s ,$122,000,000 in nonmember d e p o s it s ana o th e r F e d e ra l R eserve a c c o u n ts , and $10,000,000 in T re a s u ry cash. Excess r e s e r v e s o f member banks on J u ly 5 were e stim a te d to be a ^ o ro x im a te ly $1,^00,000,000. There T/vas a d e c r e a s e o f $3li5»000,000 in h o ld in g s o f United S t a t e s T rea s u ry b ills . Changes in member bank r e s e r v e b a la n c e s and r e l a t e d items d urin g th e week and the y e a r ended J u ly 5, l9l|ll, "'«re as fo llo w s * I n c re a s e or d e cre a se s in c e J u ly 5, June 28# J u ly 7 !9kU I9I4U 19^3 (.In m i l l i o n s o f d o l l a r s ) U. 3. Govt, s e c u r i t i e s ( i n c l . guar, Loans, d is c o u n t s , and advances Other R eserve Bank c r e d i t se c .) Hi,738 33 3lk - 5h3 30 + • 34 T o ta l Reserve Bank c r e d i t Gold s t o c k T re a s u ry c u rre n c y ¿•iember bank r e s e r v e b a la n c e s Money in c i r c u l a t i o n T re a s u ry c a sh T re a s u ry d e p o s it s w i t h F. R. Banks ■ 'or:member d e p o s it s and o th e r F .R ,a c co u n ts + 7,062 111 30 338 60 + 6,960 - 1,255 + Çk 177 IS * 879 + U ,99 l - 3i*2 122 + t + 13 55h 1+01 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OF JULY 5 , 1944 (In thousands o f d olla rs) Form F. R. 283c Total ; ■Boston New York L*------------------------------I A B I L I T I E S Cleve. Minn. Kans. Cy • Dallas SanFran. P hila. Rich. Atlanta Chicago St‘.Louis — 1 Federal Reserve notes 18,971,663 -121*9,662 4249,664 1265,855 1673,044 1231,106 1099,519 3506,239 804,385 420,716 695,693 472,877 2302,903 Deposits : fcember bankrreserve acct . 12, 986,913 ■ 608,849 4266,083 043,003 1044 ,o46 550,052 562,346 1993,887 440,623 285,887 604,007 529,944 1458,126 U.S.Treasurer-general a c c t, 219,248 13,670 610 28,230 21,276 15,786 17,192 42,972 22,529 16,039 7,429 13 ¿6 3 15,052 Foreign 1 ,470,508 101,061 * / 55U.735 132,408 128,090 41,737 41,737 112,324 57,569 46,055 173,463- 4 4 ,6 l6 31,663 Other 2,616 390,523 289,6^6 6,926 7,223 8,590 35,779 11,769 5,241 3,947 7,679 6,539 I*,523 Total deposits 15,067,197 733,103 Deferred a v a ila b ility items 1 f2h9,791 102,367 Other l i a b i l i t i e s including accrued dividends 6,979 674 TOTAL LIABILITIES 35, 295,630 2085,806 Capital paid in 9,922 158, 7^0 Surplus(Section 7) 13,206 188,097 Surplus (Section 13*o) 26,965 2,874 Other capital accounts 79,071 1+.336 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 35,748,503 2116,144 Corrjni tm^nts to make 3,965 375 industrial loans 5126>603 184,359 1,805 783,700 1196,254 72,260 154,665 462 672 622,273 105,521 638,267 2221,861 75,398 192,263 245 713 923 510,471 337,843 55,170 32,263 216 Discounts and advances Industrial loans U. S* Govt, secu rities (I n c l. ju er. sec. ) 21 j ,995 ' 11*11+ 5 » 591.414 1634,459 53,665 139,437 402 177 501 189 9562,431 2122,277 3024,635 1959,145 1813,897 5921,291 1370,242 791,004 1449,407 1118,145 4077,350 13,350 16,180 12,071 4,997 58,085 3^ 29 5,139 5,685 6,341 13,704 ' 4,837 16,026 70,012 5,236 4,331 14,159 26,490 3,669 6,330 17,859 5,725 h,5$k 3,290 7,092 4,421 1,000 2,129 1,007 530 1,137 1,307 749 1,429 4,083 5,566 4,860 4,056 4,685 18,119 3,525 9,469 11,784 3,339 5,199 9715,739 2161,827 3067,317 1979,578 1830,916 5979,698 1385,328 803,185 1464,293 1132,805 4111,673 -------------------8 1,590 42 911 48 991 F. R. notes outstanding 19,549,378 1274,834 . 4411,3k3 1295,056 1712,713 1261,494 1145,259 3577,6oi . 832,975 ^28,942 C ollateral fo r F. R. notes held by F. R.‘ Agents: Gold c e r t ific a t e s 11,768,000 779,000 2420,000 600,000 1018,000 775.000 685,000 2500,000 375,000 206,000 — — -------------------E lig ib le paper 4,000 18,070 2,225 1,015 9,125 1,475 U. S. Govt, secu rities 8 ,042,030 500,000 2000,000 700,000 700,000 500,000 475,ooo 1100,000 492,030 225,000 Total 670,949 32,363 Within 15 days 10,975 10,050 MATURITY DISTRIBUTION OF LCOÏS i.NJI> SECURITIES 61 to l6 to 31 to 91 day.s to ".6 months 30 days 60 days 90 day s J6 months to 1 yea r 400 11 675 447 9,945 240 714,334 499,996 2394,331 430,000 230 300,000 256,000 1724,000 1 tc >2 yeur■s ----------- 202 2 to 5 yc ars. ---------- 3? 77 ---------- T ------- 250,000 . 5 800 f000 Over years ----------- 31 * 14,737,903 1,611,084 1,704,371 . 17,800 1, 021,926 417,250 3 ,720,716 3 ,476,756 1,647,766 l / A fte r deducting $915. 314-3.000 p a r tic ip a tio n s o f other Federal Reserve Banks. 1. , 120,234 Fora F. R. 233a Released for- publication Friday morning, July 7.1944; not e a r lie r, STATEMENT OF CONDITION OF THE TWELVE r' EDERAL RESERVE BANKS COMBINED (In thousands o f.d o lla r s ) Increase or decrease since July 5, 1944 June 28, 19W* July 7, 1943 18,551,875 117,450 271,256 - 67,500 +* 5,637 - 9,301* 19,21*0,531 - 71,167 - 1 , 615, 81*1 + 362,265 71,072 - 1 , 321*, 61*8 21,995 11,11*5 - 29,553 + 78 - 8, 709,282 3,581,990 1,182,535 ■ -1,464,096 -31*2,658 *■* +1*.352,385 +2, 290,290 + 437,635 18,652 14.737,903 -3.1*2,653 +7 , 061,658 Total loans and secu rities iu, 771, 01*3 -3.72,133 +7,01*3,569 Due from foreign banks F, R, notes o f other banks Uncollected items Bank premises Other assets 136 76, 811* 1 , 561*, O89 34,704 61,136 - 9,31k - 11*5,6 69 35 + 1,7^1 35,71*8,503 -596,537 +5,683,166 18,971,663 +139,31*1 12,986,913 219, 21*8 1,1*70,508 390,528 - 93,81*1 -341,319 -106,572 - 9,986 +4,937,175 ' + 879,410 - 553,495 + 335,885 + 32,680 15,067,197 1,21*9,791 -551,718 - 180, 1*06 + + 6,979 35,295,630 - 5,229 -598,012 939 +5, 660,826 158, 71*0 188,097 26,965 79,071 35,71*8,503 + ASSETS Gold c e r t ific a te s on hand and due from U, 3, Treasury Redemption fund - F. It, notes Other cash Total reserves Discounts and advances Industrial loans U. S, Govt, secu rities-: B ills C ertifica tes Motes Bonds Total U. S, Govt, secu rities ( i n c l , guar, se c,) TOTAL ASSETS ----------- . . . + + 11,637 1 , 1*52 2 19,855 1*9,670 1*,251 1,691 L I A B I L I T I E S Federal Reserve notes Deposits: Member bank - reserve account U«S.Treasurer - general account; Foreign Oth 3r Total deposits Deferred a v a ila b ility items Other l i a b i l i t i e s including accrued dividends TOTAL LIABILITIES Ca p i t a l a c c o u n t s Capital paid in Surplus (Section 7) Surplus (Section 13^) Other cap ita l accounts' TO'LiL LIABILITIES 'AND CAPITAL ACCOUNTS Ratio o f to ta l reserves to deposit and F, R, note l i a b i l i t i e s combined' Commitments to make industrial loans 694,480 30,110 56.^o 3,965 580 — — + 895 -596,537 •+ .¡4% 231* + + + 10,008 27,686 '136 10,490 +5,683,166 - 15-996 8,246 Form F. R. 283b STATEMENT OF GEDITION OF THE FEDERAL RESERVE BAIJKS ON JULY 5, 19Uh (In thousands o f d o lla r s ) ■ ASSETS Total Boston New York Gold c e r t if ic a t e s on hand and due from U.S*Treasury 18,551,875 1036,731 I». 617,207 Redemption fund-F.R .notes! 100,982 26,098 417,450 Other cash 70,425 271,256 17,092 Total reserves Discounts and advances Indus t r ia l i bans U. S. Govt, s e c u r it ie s : B ills C e r t ific a t e s Notes Bonds P h ila. C leve. R ich. A tlanta Chicago St.Louis Minn. Kans.Cy. D allas San Fran. 964,320 1,539*098 1054,344 26,723 35,218 35,791 2 1 ,1 1 6 20,119 17,456 954, 575 5,604,572 54,616 2 5, 117 40,030 19, 941 675, 473 372, 325 23, 748 1 1 , 209 ri / r\ 6, 010 13, C-OC. 732,954 14,541 13,440 523, 846 2 , 1*96,630 45,271 13, 051 23,869 ^ J496 19,240,381 1079,921 I». 783,614 1019,657 1,596,005 1073,523 — 2,225 1,475 1,015 21,995 9 .12 5 4,322 355 187 89 11,145 1,439 999, 633 5, 699,018 717, 435 339, 624 ' 760,935 545, 393 2,565,770 612,386 378,21*1* 132,256 163,746 570,400 225,105 73,007 96,531 351, 773 1,545,060 207. 625 57 6.433 131,640 72.' 593 qp), ' 162,933 89, 293, noo y y y 139, 528 16? , .777 w j.0~'l>,406 ] 57 3^ 3-r- 107 70, 710 43. 466 239,535 249,,417 1 ./ 6, btf.il: 152,,668 61, 1 31 53, 531 76-429 66,,091 14,737,903 910,480 4,592,343 1022,446 1 , 286,632 768,091 721, 830 2 , 016,166 535,>154 363,,507 604,239 521,>557 1,340,408 14,771,043 914.144 4,601,557 1028,233 1,286,987 769,753 722, 84o 2 , 019,166 589, 154 363,-755 6o4,, 494 521,. 557 1,344,353 8, 709,282 3,381,990 1,182,535 1 , 464,096 453,890 '5,326,5?0 256,142 710,075 21*8,281 89,562 110,836 307.397 526,703 278,106 97,242 120,395 925 '3 5 5,000 -- 4, 000 — — 243 230 25 ---- — 3,945 700,001 359,261 125,618 155,528 es ( i n c l . guar» s e c .) Total loans and s e c u r it ie s Due from fo re ig n banks F.R .notes o f other banks U ncollected items Bank premises Other assets TOTa L ASSETS 136 76,614 1,564,089 34,704 6 1,136 10 1 ,6 1 1 ll4 ,4 4 0 1.633 4,330 1/ 49 11,491 292,91*6 9,002 12,080 12 2,976 102.0Q4 ~Z r“' ï 0 ?'■' r ° ü.. 47 1 12 3,781 169,229 4,150 r-. \ 1! J-4P 1— 6 3,953 115,052 2,094 4,4' n 4 6,.254 96, 375 ,652 •3j,678 — > 17 3,617 2^2, Q74 2,912 7,094 4 5, 765 67, 702 2 , 042 3!,100 3 3«,501 33,■044 1 266) ■512 4 4,854 30,013 2.700 3", 2?3 4 2 , 350 f t , ,309 947 2 . 665 11 16,578 176 , 071 1,935 6,905 35,740,503 2116,144 9.715,739 2161,027 3 , 067,317 1979,573 1030,¿16 5»979, 69Q 1335,323 003,105 1464,293 1132,005 4 , 111.673 l / A fte r deducting $87,000 p a r tic ip a tio n s c f othor Föderal Rsserve Banks.