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Form F. R, 28? STATMV'ENT Released for publication Friday morning, July 9; not e a r lie r , FOR THE PRESS Board o f Governors of the Federal Reserve System July 8, 191+3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 7 member bank reserve balances increased 323,000,000, Additions to member bank reserves arose from increases of $5Ul,000,000 in Reserve Bank credit and $3,000,000 in Treasury currency, offset in part by increases of $318,000,000 in Treasury deposits with Federal Reserve Banks, $187,000,000 in money in circulation, $13,000,000 in nonmember deposits and other Federal Reserve accounts and $3.000,000 in Treasury cash. Excess reserves of member banks on July 7 were estimated to be approximately $1,230,000,000, ah increase of 51)20,000,000 for the week. There was'an increase of ij>l47l+,000,000 in holdings of United States Government securities. B ills increased $51+2,000,000 while notes decreased § 52 , 000,000 and bonds 1516,000,000, Changes in member bank reserve balances and related items dir ing the weak arid the year ended July 7 , 191+3, were as follows: Increase or decrease since Julv rA, t B ills discounted U. S. Government d irect obligation s V .. S. Government guaranteed obligations Industrial advances (not including 12 m illion commitments July 7) Other_Reserve Bank cred it June^ 30, I9U3 July 8 191+2 (in m illions o f d ollars) + 29 +1+7U -- + 31 +1+, 718 + 1|Q 13 391+ -•+ 38 + 2 + 2l|8 Total Reserve Bank cred it Gold stocfc Treasury currency 8,117 22,388 i+,065 +51+1 + 1 + 3 +5,Oi48 - 352 + 770 Member bank reserve balances in c ircu la tio n Treasury cash Treasury deposits with F* R« Banks Nonnembor deposits and other P#E. accounts 12,108 17,607 2,278 773 1.82U + 23 +187 + 3 +318 + 13 - 138 +5,118 + 88 + 225 + 17U M oney 3h 7,622 51+ Form F. h. 283c STATEMENT OF CONDITION OF TiiE FEDERAL RESERVE BaNKS ON JULY 7, l$k3 (I n thousands o f d o lla r s ) Phila. Clevc. T ew York Chicago St.Louis Boston i\ M ch, Atlanta Total L I A B I L I T I E S F. K. notes in actual c i r 1 4 ,03k ¿8 8 1-002,772 3 »110 ,252 982,885 culation D eposits: Member bank-reserve a cct. 12,107,503 637,447- 4,102,531 636,785 60,028 ^ 78,085 U.S.Treasurer-general a cct. 772,7^3 59,565 94,022 Foreign 1 , 13^,623 * 26,952 i '5 4 o , 287 Other 7,980 557,848 25.0,540 4,556 Total deposits 774,728 14,372,717 732,407 5 .17 1 ,hh3 87,356 Deferred a v a ila b ilit y items 1*219#681 258,521 70,755 Other l i a b i l i t i e s including accrued dividends 2 , 321. 7,918 1 , 587’ 405 TOTaL LIABILITIES 29,634,304 1824,836 8,521,803 1828,747 Capital paid in 11,670 55,010 148,732 9.558 Surplus (S ection 7) 58,001 15,670 160,411■ 11,160 Surplus (S ection 13b) ,?,070 2 »874 26,829 4,595 Other capital accounts 5,566 89,561 6,471 25,585 TOTa L LIABILITIES AND CAPITAL ACCOUNTS 30,060,337 1853,974 8 ,667,269 1866,951 Commitments to maku in du strial ■ advances 12,211 717 .9 2,157 R. notes outstanding C ollateral fo r F.K.notes held by F.k,Agents; Gold c e r t ific a t e s -Eligible paper U.S.Gov*t s ecu rities Total 33,632 12,597 B ills discounted Industrial advances u. S* Government securitiess . d ire ct and guaranteed 7,676,245 1 ,268,905 902 ¿6 0 729,706 2 , 727,524 985,758 40,655 91,055 15,601 1,151,047 121,288 529,691 25,5^9 42,557 8,619 6o4,4l6 105,227 494,187 1 ,751,532 411.972 58,059 76.,828 29,575 34,640 120*744 29,691 2,184 1.1 ,824 5.625: 569,070 1 , 952,729 483,060 50,421 187,149 71,773 261,895 46,295 21,775 9,185 559,146 26,921 547 1,508 572 229 157 1549,554 4 , 867,774 1144,579 16,509 4,629 5,297 4.966 5,725 22,925 550 1,429 717 3,968 15,566 4,066 135 707,570 1175,956 905,015 5176,572 5,182 4,821 12,167 4,515 5,615 3,221 4,085 11,044 2,121 1,000 1,507 1 ,1 5 7 4,065 6,496 5,389 ' 5,671 2,561.255 1652,511 1565,061 4 ,922,205 1158,570 7184 M 1189,590 916,509 3208,200 2 ,521,587 1615,6 11 5,978 1 5 J+16 5,256 14,767 1,007 3.244 8,478 k J te 250 1,062 61 — 589,517 . 541,170 925,402 522,523 975,928 1,551,544 1 ,650,084 965,418 426,600 501,482 527,002 1551,215 553,304 467,851 1296,552 37,705 29,488 75,155 27,712 29,691 75,501 2,148 2,155 59,431 600,869 529,185 1484,617 73,322 46,722 140,268 283 106 272 5,000 1.617 769,981 2,784,563 614,110 * V r * 949,000 5 , 255,000 925,000 1 , 510,000 817,000 710,000 2 , 820,000 350,000 — 1,222 2,580 — — . 27,650 2,000 75 mm m .100,000 100,000 — 339,598 125,000 75,000 — MATURITY DISTRIBUTION 01’ BILLS AND SISCUKITIES 9 I days to ■ 6 > months 61 to Within i s to 5.1 to 6 months ' tc » 1 year 90 days . 50 days 60 days 15 days — 2*9,402 1,700 300 2,250 c 560 204 6o4 10,149 > ;63 254 14,528,857 1039,009 3 , 226,392 10 11,516 1,505,955 . 13,996,000 33,577 744,598 Minn. Kans.Cy. Dallas San Fran. 5,558 345,766 517»3’33 555,927 1654,845 550,000 — — 520,000 561,000 1649.000 «»«ft» --50 -----5,000 1 to 2: years Over 5 years — — — 555 15 c) — 259,600 l / A f t e r ‘ deducting $593*J-J-2U*000 p articip iation s of other Federal Reserve ;Banks♦ 2 to 5 years\ 699,671 866,877 Form F. li. 2QJa V Released fo r publication Friday inorning, July 9 »1943» not earlier* ST^TiiMBNT OF CONDITION ' OF TH3 TV/3LVE FSDEKJL KESEkVE BAMS COMBINED (In thousands o f dollars) Increase or decrease since Juno 30 » 19^3 July 7, 19U3 July 8, 19^2 , > S S E T-S Gold c e r t i f i c a t e on hand and duo from U. S. Treasury Redemption fund - F. k. notes Other cash Total reserves B ills discounted* Secured by U. S# Gov11 obligations, direct and guaranteed Other b i l l s discounted i otal b i l l s discounted Industrial advances U# S. Government secu rities, d irect and guaranteed* ¿ends Notes C ertificates ¿ ills Total U. S. Governmont secu ritips, d ire ct and guafrantooci ’ ' - 3*000 1*512 - 15,259 - 1 ' 20, 167,716 . 55,165 3142,328 20, 585,229 ' + 382,910 141,168 81,421 ■ m r,}2 r 33,632 — 33,632 + 28,6J42 — + 28,612 + + 31,872 1,564 30, 12,597 - ■f 1,999 1,1+82,74-8 744,900 1,091,700 4,356,897 • - 79 15,600- •1» 156,072 52,000 + 27,625 4989,14j8 541,662 + 3,906,570 ------- + 7,676.245 + 474,0621 i 4,767,571 Total b i l l s and,securities 7,722,471; •f Due from foreign banks k. notes o f other banks Uncollected items Bank promises Other assets 13U ■' 56,959 1,613*759 38,955 62,827 TGT.X .¿SS^TS - n - + + U,799,»7« 3 8,5 89’ 17,259 6 1,195 + + + - + 87 27,617 508,798 1,492 19,3 ¿42 30,060,337 + 461,216 + 5,093,909 14,034,438 + 162,066 + 4,554,566 12, 107,503 772,743 1 , 134,623 ‘ -35?,848 ■14,3^,71? ■f 22,963 317,565 20,524 10,632 + + . L I a B .. L I T I E S k. notes in actual circu lation Deposits: * member bank-reserve account U.S. Treasurer-general account Foreign Uthc r Total deposits Deferred a v a ila b ilit y items Other l i a b i l i t i e s including accrued dividends TOTa L LIABILITIES C A P I T A L a CCOUNT^ Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts j » | TOTa L LIABILITIES .JiD CJJITAL ACCOUNTS Ratio of 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 advances 1,219,681 - + - 7,918 55,551 + 261,087 3,246 + 5,1+78 + + 148.732 160,411 26,829 89,561 •K O T33 T 72.1$ 12,211 - 138,865 224,960 262,396 123,308 '2257185- 96 3,745 2,909 1^8 + 4» 40,893 939. + UBTTSIS^ "5",6957^07 + + + mm + l.¥ 79 • - 15.7?« : 5,U98 F o r m F. R. 283b STiiTl&TiET OF CONDITION OF Ttt3 FEDERAL RESERVE BANKS ON JULY 7, 191*3 (In thousands of dollars) ¿i. c? S ii; T S Total Boston New York Phi la.. Cleve. Rich. Gold c e r t i f i c i t e s on hand and due from u. S. Treasury 20, 167,716 1278,760 5,156.301* 1237,11*0 1,8111*322 1117,61*7 Redemption fund - F.R..notes 55,185 5,536 1*9714 5,509 273 8,1*98 othur cash 342,328 27,065 81,354 24,161 23,322 ,32*036 Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. 989,167 3650,560 315 1,397 17,246 43,233 658, 1*56 5051*09 20,569 221* 12,854 9994 831*,668 607,599 2,.317,681; 1*01* 1*1*6 6,0l*0 17,676 9*015 44,174 xotai roserves 20, 565,229 13 11, 359' 5, 239,612 1266,810 1 , 838,117 1158,201 1010,728 3695,190 s i l l s discounted: Secured by U.S. Gov1t obligation s, d ire ct and guaranteed 1,222 33,632 27,650 2,580 —* 55 75 Other b i l l s discounted 691,879 515627 852,748 617,060 2, 367,898 Total b i l l s discounted --- 33,632 1,222 Industrial advances 12,597 U. S.Government secu rities. 9 direct and guaranteed: Bonds 1,482,748 Notes 744,900 C e rtifica te s 1,091,700 B ills 4,356*897 1»695 4,496 55 1,002 120,298 252,958 122,772 127,081 61,678 6o;435 88,572 106,247 90,391 123,103 2 ■4U9.748 ■218,120 175,251 88,042 129,031 155*858 97,470 48,96771,763 110, 363- Total U.S.. Gov’ t securities 3, direct and guaranteed 7,676,245 392,408 3, 016,034 492,961 548,182 328,563 270,540 974,664 395.-3-5'3.■044,272 3 1/ 54 l tc!j0 910 355,603 • l*';hOS 2,694 9.f713 6, 15.1 11,105 500,037 549,239 270,777 974,729 13 2,014 88,934 4,684 4,459 ■ 13 3,001 158,626 4,270 7,989 329,057 6 6,213 ; 131*893 3,221 ’ 3,920 Total b i l l s and secu rities 7*722,474 i>uc from foreign banks 134 F. R. notes o f other bonks 56,959 uncollected iterns 1*613,759 Bank premises 38,9L=5 ethor as sots 62,827 TOT'-L assists 27,650 588 2,.580 75 419 — 237 88,044 44,231 64,823 73,442 '5 5,046 73,431 1*675 3,399 2,000 50 W l 2,000 50 30 18 4,000 50726 73,286 25484 : ‘ 36,817 53*960 37350 49748' 72,590 75,771 38,066 55,787 66,’995 172,429 . 86,624 126,-954 254;227 376,079 163308 236,653 236,619 640,234 3.78,079 163355 2 17 3 6,641 3,895 1849 234,254 . 80,514 34103 1295 2,087 2,885 2 ,113 2213 8,487 236,733 236,637 4 4 2*674 6,357 88,032 55,864 1,010 2,767 3„060 2*949 644,234 10 H ,319 175,103 2,654 6,982 65 47 mmmm 206,126 47,617 103,553 • 23,922 151,762 35*060 513,223 269,480 30, 060,337 1853,974 8, 667,269 1866,951 2 , 561,255 1632,511 1365, o 6i 4922,203 1158,570 718444 1189,590 9 16 , 309 3 , 208,200 1 / After deducting $80,000 participations of other Federal Reserve Banks.
@FedFRASER