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Form F. R. 253 STATEMENT FOR THE PRESS Board o f Governors o f tho Federal Reserve System June 10, I 9I4.3 Released for publication Friday morning, June 11; not earlier. CONDITION OF THE FEDERAL RESERVE BaNKS During the week ended June 9 member bank reserve balances increased •$103,000,000. Additions to member bank reserves arose from increases of $i4o3 , 000,000 in Reserve Bank credit and $3,000,000 in Treasury currency, offset in part by increases of $16^,000,000 in Treasury deposits with Federal Reserve Banks, $121,000,000 in nonmember deposits and other Federal Reserve accounts, $i|.l,000,000 in money in circulation, tind £5»000,000 in Treasury cash and a decrease of $20,000,000 in gold stock. Excess reserves of member banks on June 9 were estimated to be approximately $1 , 510, 000, 000, a decrease of $120, 000,000 for the week. There was an increase of $1|19,000,000 in holdings of United States Govern ment securities. B ills increased 55,000,000, while bonds decreased $26,000,000 and notes $ 10 , 000, 000. . Changes in member bank reserve balances and related items during the week and the year ended June 9 , I9I43, wero as followss Increase or decrease since June 9 , I9Ì4.3 June 2, June 10 I9I43 19^2 (In millions of dollars) B ills discounted U# S*. Government direct obligations U# S. Government guaranteed obligations Industrial advances(not including 12 million commitments - June 9 ) Other Reserve Bank credit 13 6,532 5h 13 536 - 3 + +I4I9 +14,019 7 + ¿4.9 + 2 52 + 212 + [463 + Total Reserve Bank credit Gold stock Treasury currency - 20 3 +¿4,290 - 3IO + 7'63 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F.R,Banks Konmember deposits and other F.R.accounts + 108 + I4I + 5 + 169 +121 - I46I4 +5,061 + 6I4 + 3 3 ;+ 2 + Form F. R. 283c Total L I A B I L I T I E S F. H.. notes J.n actual c ir culation 13*679,6^ Deposits; Member bank-reserve acct,.12,165,037 U.S.Treasurer-general acct. 175,329 Foreign 1,015,177 Other 296, 684 Total deposits 13,652,227 Deferred availability items 1, 096» 506 Other lia b ilit ie s including accrued dividends 10,788 TOTAL LIABILITIES Capital paid in Surplus (Section 7} Surplus (Section 13b) Other capital accounts STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE- 9 , I 9U5 (I n thousands o f d o lla r s ) Cleve. Chicago. St'.Louis Phila. Rich. Atlanta Boston New York Minn. Kans.Cy.. Dallas San Fran. 985,833 3,011,461 962,255 1.242,332 082,322 698,966 2,604,407 ‘ 574,9^9 338,465 486,457 311.187 1 , 501,015 622,200 4 , 052, 511 4,290 32,324 26,502 1 / 463,088 4,822 - 201,840 630,419 1,053,402 4,607, 14,567 87,089 84,339 9,860 5,387 520,092 6,101 39,419 8,914 492,340 1,819,973 34,592 16,857 32,086 111,841 2,600 1,831 427,576 245,847 8,638 22,847 27,502 20,168 13,759 9,297 543,466 475,839 1 , 281,372 6,897 15,674 9.655 25,668 27,502 69,973 . 2,069 33,550 2,755 657,814 4,749,763 93,531 216,180 727,782 1 , 162,168 63,767 107,287 574,526 84,296 543,114 1 , 969,006 477,475 298,159 56,592 25,296 156,288 63,377 578,100 519,770 1,394,550 119.225 70,394 40,275 795 2,191 3, <592; 687 627 280 984 320 2o4 506 207 295 ’ 28,^39,190 1737,973 7,979,595 1757,496 2,512,474 1541,771 1305,737 4,810,685 1109,356 662,124 1135,246 871,437 3, 015,296 12,139 4,624 3,180 11,661 5,962 9,520 ■ 53,910 15.310 16,474 4,807 •4,495 5,274 147,356 4.966 3,221 5,236 11,160 58,001 15,670 11,044 22,925 3,613 •4,085 14,767 5,725 160,411 2,121 530 1,000 26,829 1,429 1,137 2,874 7,070 1,007 3,244 717 1,507 4,393 6,221 3,821 3,942 86,125 13,101 4,250 6,188 3,267 5,341 24,289 3,895 3,623 8,187 TOTAL LIABILITIES AND capital Accounts 28, 859,911 1766,868 8, 122,865 1795,408 2 , 551,745 1560,463 1321,274 4,864,614 1123,371 673.148 1148,745 884,589 3 , 046,821 Commitments to make industrial 3.025 —■ advances 3,546 61 380 l , 2o l 1,819 1,592 717 10 12,349 F. R. notes outstanding 14,161,545 1018,059 3,1^8,136 Collateral for F.h. notes " ‘ held by F.R.Agents; Gold certificates 13 , 652,000 979,000 3,145,000 Eligible paper 12,008 1,135 6,298 U. S. Gov’ t securities 50,000 702,645 603, i l l ’ 344,438 .992,752 1*275,497 904,892 900,000 1,280,000 797,000 685,000 2 ,760,000 300,000 — -2,600 125 — 125,000 , 60,000 362,645 1,800 100,000 — — 737.711 2,739.072 345,000 — 503,856 559.914 1 , 584,127 510,000 547,000 i ,o o 4 ,ooo -50 — -5,000 MATURITY DISTRIBUTION OF BILLS AND SSCUKITIES Total ,' B ills discounted Industrial advances u. b. Government secu rities, ' direct'and guaranteed 12,873 13,316 Within 15 days 5,785 10,588 l 6 to 30 days 4,423 61 31 to 60 days 315 596 61 to 90 days 2,350 • 365 91 days to 6 months 6 months to 1 year ~r ' ’ 350 603 . 417,100 676,302 1,144,735 754,371 670,690 6,635,815 674 i 469 l / A fte r deducting $55^,031*000 p a r tic ip a tio n s o f other Federal Reserve Banks 1 to 2 years -617 329,600; 2: to 5 years Over 5> years — 136 6 8 3 ,2 7 1 1 , 085,277 Form F, R. 28Ja Eeleased fo r p u b lica tio n Friday morning, Juno 11, 1943; not e a r lie r . STATEMENT OF CONDITION OF THE TWELVE FEDEItAL HESSkVE BANKS COMBINED (In thousands of dollars) Increase or decrease since June .9 , 1943 June 2, 1943 June 10, 1942 ASSETS Gold c e r t ific a t e s on hand and due 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 Othsr b i l l s discounted Total b i l l s discounted Indus t r i al advanees U. S. Government secu rities, dire ct and guaranteed: Bonds Notes C ertificates B ills Total U# S# Government secu rities, d irect and guaranteed 20, 191,816 51,308 349.591 20,592,715 - 21,001 248 + 6,503 - 14,746 - 325,313 36,866 + + 74,666 - 214,281 12,873 — - 3,305 -- .+ 12,873 13,316 - 8,305 + + + 317 7,894 937 6,957 2,779 1,711,048 930,200 1 , 099,200 2,895,367 - 26,200 - 10,00.0 — +455,432 + 108,104 + 217,425 +1,067,108 +2 ,675,634 6,635,815 +419,232 +4, 068,271 Total b i l l s and securities 6 ,662,004 +411,244 Due from foreign banks F. I;, notes of other banks Uncollected items Bank promises Other assets 137 57,732 1,432,405 38,828 70,090 + 7,705 -103,234 — + 3,283 +4,073,007 + 90 + 31,302 + 403,420 1,639 + 23,345 - 26,859,911 +304,202 +4,320,194 13,679,669 + 56,836 +4,434,953 12,165,037 175,329 1,015,177 296,634 13,652,227 1 , 096,506 +108,512 +1^9,209 + 47,595 + 72,255 +397,571 -155,413 - 463,873 + 33,671 + 36,869 58,067 - 4oi,4oo + 191,130 10,788 28,439,190 + 3,612 +302,606 + 2 ,117 +4, 276,850 147,356 160,411 26,829 56,125 20 — — + 1,616 + + + + 23,359,911 +304,202 +4,320,194 75.3% 12,349 1.4% 527 TOTAL ASSETS L I A B I L I T I E S F. h, notes in actual circu lation Deposits s Member bank-reserve account U. S. Treasurer-general account Foreign Other Total deposits Deferred «availability items Other l i a b i l i t i e s including accrued dividends TOTAL LIABILITIES C A P I T A L ACCOUNTS. Capital paid in Surplus (S ection 7) Surplus (Section 7) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves tc deposit and F.k. note l i a b i l i t i e s combined Commitments to make industrial advances - 2,678 2,909 43 37,709 14,2>/o 1,328 Farm P, R. 283b STATEMENT OF CONDITION OF THE FEDSEAL RESERVE BANKS CK JUNE 9 , I9I43 (I n thousands of' d o lla r s ) £ S $ ETa Total Boston New York Phila. . Cleve. Rich. Atlanta Chicago St.Louis Einn. Kans.Cy. Dallas San Fran. Gold c e r t ific a te s on hand and duo from U, S. Treasury 20,191,816 1221,847 5,268,316 1249,973 1,908,587 1091,724 951,549 3,761,897 619,888 479,102 777,014 611,308 2, 250,611 Redemption fund - F.R.notes 51,308 2,773 . 1,958 5,981 5&9 7,142 3,56? 705 20,663 259 472 518 6,694 uther cash 349,59* 30,099 81,835 23,832 27,642 31,364, 15,704 42,209 12,327 7,753 13,409 . 9,514 48,883 Totaj. reserves 20,592,715 1254,719 5,352,109 1279,786 1,936,798 1130,250 970,822 3,804,811 652,883 487,114 795,89 5 621,340 2, 306,188 B ills discounted» Secured by U. S. Gov’ t obligati6 n s, d ireot arid guaranteed 12,873 1 ,1 3 5 6,298 1,800 40 125 — — -2,600 — 50 825 Other b i l l s discounted — — — — — — — — — --Total b i l l s discounted 12,873 1,135 6 ,^ 8 1,800 4O 125 — 946 421 261 Industrial advances 13,316 1,726 590 5,177 U. 3. Government s e c u r itie s , d ireot and guaranteed: Bonds 1,711,048 1 2 4 ,7 ^ 424, 4oo 13?,206 Notes 930,200 67,314 230,723 70,241 C e rtifica te s 1 , 099,200 80,134 272,640 83,oo4 B ills 2, 895,367 104,107 1,436,752 137,643 Total U. S. Gov* t s e cu i'itie s, d ire c t and guarantee? £7635,815 376,794 2, 414,5 15 420,099 465,012' Total b i l l s and secu rities 465,998 6 ,662, 00Î4. 379*655 2,421,403 427,076 Due from foreign banks 1 / . .56 137 ' 3 13 F. R* notes o f other banks. 57,732 2,211 To, 116 1,343 Uncollected items 311,906 1 , 432,405 123,674 73,553 Bank premises 38,328 2,698 9.732 4,695 Cther assets 76,090 4,771 17,543 3,074 TOTAL ASSETS 164, 060 107, 204 89,192 58,280 105,395 68,869 106, 365- 39,125 87,559 47,6o2 56,249 61,776 224,283 121,930 144,082 347,965 — 2,600 65 31,446 44,275 52,322 213,066 — — 51,066 27,763 32,306 34,049 •.■' 50 48 42 31,763 44,454 52.528 .72,145 825 19 68,216 37,082 43.323 45,411 167,101 90,844 107,348 196,953 323,478 253,186 833,260 '391,'109 145,684-: 250,895 194,532 5^2,251 324,024 6 132,578 4,373 94,037 133 , 599 4,279 5,017 8,430 4,701 253,447 5 5,590 35,932 1,678 3,750 838,325 ' 393,709 145, 752 ; 250,987 195,376 1 2 : 17 4 U 3 7,232 2; 650 4,534 6,737 1,975 66,670 34,610 03,937 61,103 201,845 1 , oiu 2,390 1,297 2,091 2,773 2,418 . 3,412 . 5,093 9.494 3,473 566,272 11 ’ 8,533 156,431 2,660 6,376 20,359,911 1766,363 0,122,865 1795,408 2,551,745 1560,463 1321,274 4,364,614 1123,371 673,143 1143,745 384,539 3,046,321 l / A fte r deducting $31,000 p a r tic ip a tio n s o f other Federal Reserve Banks. -r 4,02
@FedFRASER