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Form F. k, 283 STATEMENT FOR THE PRESS Released for publication Friday morning,. July 10; not earlier. Board of Governors of th-a Federal Reserve System July 9 , 19I& CONDITION OF THE FEDERAL Ri&ERVE BAMS During the w e e k ended July u- member baak reserve balances increased $5lj.,000,000. Additions to member bank reserves arose from an increase'of $196,000,000 in Reserve Bank c r e d i t , and a decrease of $5#000,000 in Treasury c a s h , offset in part by increases of $73 ^000,000,in money in c i r c u l a t i o n , 0 0 0 , 0 0 0 in Treasury deposits with Federal,Reserve B a n k s , and $12,000,000 in nonmember -deposits and other Federal Reserve accounts f Excess reseryes of member banks on July 8 were estimated to be approximately $2,320,000,000, an increase of $60,000,000 for the week* The principal change in holdings of bills and securities was an increase of $l8l,000,000 in United States Government securities, bonds increased $19,000,000, certificates $30,000,000, and bills $132,000,000. Changes in member bank reserve balances and related items curing the w e e k and the year ended July 8 , 19l*2, wore as follows: Increase or decrease sinde July 8 , July 1 , 19if2 19^2 July 9 , 19hl (In millions of dollars) Bills discounted U . S.« Government direct, obligations U . 6 . Government guaranteed obligations Industrial advances (not including 18 million commitments - July 3) Othe^ Reserve Bank credit 2,90h 3 5 —• . — 725 — — r + XI. Ih6 Total Reserve Bank credit Gold stock Treasury.currency 3*06222,7140 3,315 Member ban*, res'erve balances Money in circulation Treasury cash Treasury deposits, w i t h P . R* Banks Nonmomber deposits 'and" cither F/ft. accounts 1.2,21+6 % t 181: + 15 + 196 1 1 * 12 M9 2,190 5U3 1,650 - + 73 5 63 12 2 9k + + + - 820 IOC) 163 725 2,7 9k 101 1+91 395 j?orm F . R . 2c5$-c L I A B I L I T I E S Total STATEMENT OF CONDITION O F THE FEDERAL RESERVE BANKS ON JULY 8 , 1942 (In thousands of dollars) Boston N e w York Phila. Clcvs^ R i c h . A t l a n t a Chicago St.Louis M i n n . K a n s . C y . Dallas San F r a n . F . R . notes- in actual circulation 9,479,922 Deposits* Member bank-reserve acct.12,246,368 U.S.Treasurer-gonoral a c c t . 547,783 Foreign 872,227 Other 4 8 1 J. 56 711,856 2.360,153 674,743 906,813 522,154 367.535 1,952,178 373,375 234,689 312,762 167,157 600,665 5 . 0 9 7 , 7 9 4 39,511 207,572 26,568 464,336 14,647 327,403 496,722 24,188 29,169 7,241 353,317 1,820,896 353,311 196,033 333,413 329^617 1,045,600 23,139 20,479 55,869 33,955 24,600 16,855 25,559 50,516 23,203 80,879 19,888 1 4 , 5 8 5 19,225 19,225 9,865 3,270 1,879 32,706 3,046 2,986 12,795 Total deposits 14,147,534 Deferred availability items 9 5 8 , 5 9 4 Other liabilities including accrued dividends 2,440 681,3916,097,105 94**339 192,327 • 435 386 871,444 691,551 32,223 43,333 63,642 60,991 54,759 10,559 797,975 1,031,027 74,350 109,784 557,320 32,818 4 0 0 , 5 4 5 1,960,630. 4 2 0 , 4 4 9 245,083 4 2 7 , 7 6 8 376,280 1,151,961 58,082 40,251 153 A 1 5 53,139 22,065 4 3 , 7 6 o 3 4 , 0 6 4 l42 244 283 TOTAL LIABILITIES 163 303 69 105 97 896,507 96 117 24,583,490 1,433,521 8,649,971' 1,547,210 2,047,868 1,162,575 C A P I T A L A C C O U N T S Capital paid in 14,313 5,323 9,433 144,987 11,785 53,447 Surplus (Soction 7) 157,502 5,236 56,651 14,346 10,949 15,171 Surplus (Section 13b) 26,781 7,070 2,874 1,097 3,244 4,393 Other capital accounts 4,766 48.663 3,238 2,544 13.597 1,984 .TOTAL LIABILITIES A N D CAPITAL A C C O U N T S 24,966,428 1,514,326 3 , 7 3 0 , 7 3 6 1,581,797 2,082,805 1,173,862 Commitments to m a k e industrial advances 428 756 17,689 1,434 755 1,375 808,494 4,066,226 847,032 501,934 734,395 577,618 2,106,646 F . R . notes o u t s t a n d i n g 9,916,337 Collateral f o r F . R . notes held by F.R. Agents: Gold certificates 10,057*500 Eligible p a p e r 1,752 394,680 2,000,154 4 0 0 , 2 4 3 239,932 324,049 182,065 965,999 715,000 945,000 575,000 4 1 5 , 0 0 0 2,020,000 4 1 0 , 0 0 0 241,000 325,000 187,500 760,000 2,475,000 — 1"— 890 27 65 350 345 75 M A T U R I T Y DISTRIBUTION OF BILLS M E1 SECURITIES Within 1 6 to 31 to 61 to 1 to 2 2 to 5 Over 9 1 days to 6 months 30 days 15 days 60 days 90 days 6 months to 1 year years years 5 years — — 1,582 120 607 1,015 192 908 101 974 5,534 171 675 1,443 939,000 Total Bills discounted 3,324 Industrial advances 10,593 KiS.Government s e c u r i t i e s , direct and guaranteed 2,908,674 746,563 2,467,352 699,438 939,219 556,193 5,115 5,725 713 2,399 15,939 22,925 1,429 3,513 4,489 4,966 530 1,972 3,060 3,152 1,000 2,605 4,674 3,613 1,137 2,087 4,436 3,976 1,263 1,944 • 8 2 2 , 4 4 6 4 , 1 1 5 , 0 3 7 853,939 511,751 795,906 589,237 2,134,536 731 2,101 2,287 3,324 t 74,371 49,754 106,913 230,676 147,865 11,963 10,792 2,121 3,014 176,700 287,175 353,500 1,431,720 3,948 — Fornr F # R. 283-a Released for publication Friday m o r n i n g , July 1 0 , 19k2; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BARKS COMBINED (In thousands of dollars) July 8 , Increase or decrease since July 9 , July 1 , 191+2 191+1 A S S E T S Gold certificates on hand a n d ' due from U» S , Treasury Redemption fund R . notes Other cash Total reserves Bills discounted1 Secured by U . Gov't obligations, direct -and guaranteed Other bills discounted Total bills discounted 20,550,626 017 260,907 1 - 1,025 + 1,660 +21+0,095 + 3,1+62+ + 8,628 20,325,550 + 631* +252", 187 1,760 1,562+ + 20 1 + 108 75 3 , 322* 10,593 + 19 2*3 33 +- 1,22+6 +19,139 ; Industrial advances U* S. Government securities, direct arid guaranteed; Bonds Notes Certificates Bills 1,633,820 717,275 102,252 450,327 +29,500 +131,597 +275,020 -103,025 +102,252 +1+50,327 Total U« 8* Government securities, direct and guaranteed 2,903,674 +•180.^236 +722*,571+ 2,922,596 1+7 29,3^2 1,102; ,961 2+0,2+1+7 1+3,1+35 +130,265 +725,787 + 3,510 -1+0,237 + 22 + 82*7 161 +209,370 + . 272 - 1,798 2l ; , 966,2*23 +l2*2+,991 +1,185,657 9,1*79,922 + 70,780 +2,632,798 + + + - Total bills and securities 1 J . . J 1 r 1 1 .«. » UI 1 1 f 1. in 1 .ij . Due from foreign banks F* R . notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS •>f • — L I A B I L I T I E S F . R• notes in actual circulation Deposits: Member bank - reserve account U . S , Treasurer - general account Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES ,iSD CAPITAL ACCOUNTS Ratio of total .reserves to deposit and F , R . note liabilities combined Commitments to make industrial advances 12,21*6,363 51+7,733 372,227 2+31,156 '52+,815 62,2+19 13,802 25,755 li+, 12*7,531+ +129,187 953,591+ - 55,757 2,1+1+0 + 22*,966,2+23 -1,613,11*2* + 115,230 562* 22+ ,533,1*90 . +12+!+,77I* 12+2+.937 157,502 26,731 2*3,663 721*, 709 1+90,762 319,31+3 33,325 + + +1,130,095 103 + + 112+ + — - - + +ll*i+,991 33vl$ • • + 17,639 ' + l+,l+09 1+37 1+ 720 +1,135,657 .3% 53 9 211 + 3.1^ 5,257 Form F.R. 283-b STATEMENT OF CONDITION O F THE FEDERAL RESERVE BANKS ON JULY 8 , 1942 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Gold certificates o n hand and due f r o m U . S . Treasury 20,550,626 1,152,931 7*635,276 1,260,765 1,659,657 Redemption f u n d — F . R . n o t e s 14,017 2,743 1,427 1,032 922 Other cash 260,907 20,970 62,743 14,460 20,200 Total reserves 20,825,550 1,176,694.7,699,446 1,276,257 1,630,979 Bills discounted! Secured by U . S . Gov't o b l i g a t i o n s , direct and guaranteed 1,760 Other bills discounted 1,564 Total bills discounted 3,324 Rich; Atlanta ... 875 653 350 144 . 153 75 66 65 1,528 494 158 141 10,598 1,171 1,046 5,385 251 592 53 1,065 1,638,820 453,420 198,452 23,291 124,594 119,274 52,202 7,442 32,775 150,960 450,327 116,035 50,787 7,240 31,885 101,312 44,341 6,321 27,839 71,149 31,141 4,439 19,551 Total U . S . G o v ' t s e c u r i t i e s , direct and guaranteed" 2^908,674 205,947 804,757 211,693 267,933 Total bills and securities 207,183 807,331 217,572 268,342 Industrial advances d i r e c t and guaranteed: Bonds Notes Certificates Bills 717,275 102,252 2,922,596 Due f r o m foreign banks 47 F . R . notes of other banks : 29,342 Uncollected items 1,104,961 Bank premises 40»447 Other assets 43,435 TOTAL *SSfiTS 3 18 692 3,364 124,257 • 248,344 2,750 10,397 . 2,747 11,336 5 1,624 73,355 4,302 3,132 — 66,072 9,419 41,482 4 1,847 . 122,702 4*335 4,548 M i n n * K a n s . C y . Dallas San Fran. 387,734 620,533 3,520,410 636,723 396,345 605,84O 422,812 1,750,337 749 .1,094" 715 1,016 733 162 317 ' 3,107 13,123 17,310 4 4 . 1 3 6 13.319 5.940 11.744. 12,215 ?/i«7/I7 901,951 638,563 3,565,562 650,775 4 0 2 , 9 4 7 617,909 435,77.6 1,778,691 . 65 — Chicago St.Louis — 50 114. 1G3_ 345 45 33 71 _ 133 390 33 71 44 164 235 8 455 56 203 76 213,973 93,651 13,350 32,744 36,215 5,163 J*<Lt331 42,885 71,224 63,473 18,769 31,175 27,781 2,676 4,444 1 Lt7.§4. __.12j»5J2_ 1 7 & 2 152,371 66,689 . .41,869. 179,813 126,230 379,771 146,659 76,114 126,415 112,656 270,436 180,546 127,398 380,239 147,257 76,60.2 126,542 112,908 270,676 2 1,927 33,539 3,066 2,831 53 2 3,283 49.^435 1,957 l,8o3 _ 6 '3,887 157,127 2,972 5,244 . 1. 1 1,6113,221 2,709 54,;i3i' 23,11$ 4 3 , 4 7 6 1,324 2,337 2,132 1,152 1,920 i,9<*4 1 988 36,863 1,098 ; 1,603 4 •4,189 73 Ml 2,729 • 4,630 24,966,428 1,514,326 8,780^736 1,531,797 2,032,305 1,173,862 822,446 4,115,037 858,989' 511,751' 795,906 589,237 2 , 1 3 4 , 5 3 ^ •Less than $ 5 0 0 .
@FedFRASER