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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.