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Fona F. r.. 283
STATEL31TT FOR THE FRESS
Released for publication
Friday morning, June 135
not earlier.
Board of Governors
of the Federal Reserve Systej
June 12, 1941
CONDITION OF THE FEDERAL RESERVE B1I1KS
During the week ended June 11 member bank reserve balances increased
$111 ,000,000. Additions to member bank reserves arose fron reductions of
152,000,000 in Treasury deposits with Federal Reserve Banks and $43,000,000 in
nonmeniber deposits and other Federal Reserve accounts, and increases of $9-TOO,000
in Reserve Bank credit, $14,000,000 in "old stock, and ¿2,000,000 in Treasury
currency, offset in part by an increase of 011,000,000 in Treasury cash. Excess
reserves of member banks on June 11 were estimated to be approximately
$5,4-90,000, OOO, an increase of $80,000r000 for the week.
Changes in member bank reserve balances and related items during the week
and the year ended June 11 , 1941, were as follows*
Increase or decrease
since
June 11,
1941
June 4,
194-1
June 12,
1940
(In millions of dollars)
Bills discounted
U. S. Government dirjct obligations
U. S. Government guaranteed obligations
Industrial advances (not including 12 million
commitments - June 11)
Other Recerve Bonk credit
2
288
5
2,179
5
9
54
—
+ 9
Total Reserve Ban!: credit
Gold stock
Treasury currency
2,249
22,593
3,138
+ 9
+ 14
+ 2
Llember bank r^oerve balances
Lloney in circulation
Treasury cash
Treasury deposits with F. R. Banks
llonmember deposits and other F. R. accounts
13,312
9,393
2,240
941
2,094
+111
- 1
+ 11
- 52
- 43
+
20
- 198
+1,676
+ 40
+ 676
+ G27
Form F. P.. Z8j-c.
Released for publication Friday morning,- Juno 13,1941$ not earlier,
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(in thousands of dollars)
Increase or decrease
since
June 11,
June 4,
June 12,
1941
1941
1940
ASSETS
Gold certificates on hand and
due from U. S. Treasury
+3,112,255
20,313»731
999
+ 1,001
Redemption fund - ?. P.. notes
10,945
2.45
- 78,688
289,010
+ 12,385
Other cash
Total reserves
20,613,686
+ 12,387
+3,033,322
Bills discounted?
Secured by U. S. Gov*t obligations,
+
116
1,358
+
287
direct and guaranteed
Other bills discotinted
619
55
727
Total bills discounted
+
61
44o
1,977
Industrial advances
+
38
8,774
311
U. S. Government securities,
direct and guaranteed:
Bonds
+ 16,805
1 ,363,800
Notes
820,300
309,825
jn
Total U. S. Government securities,
- 293,020
direct and guaranteed
2,184,100
-
____
—
—
^
—
Total bills and securities
2,194,851
Due from foreign bonks
F. R. notes of other beaks
Uncollected items
Bank premises
Other assets
47
26,825
889,067
40,035
53,799
+ 2,271
+ 6,885
+
67
+ 2,017
+
+
—
23,818,310
+ 23,726
+2,798,865
6,542,175
+ 7,981
+1 ,460,861
13,312,189
940,973
1 ,226,526
582,106
16,061,794
835,205
+13.0,695
- 52,099
- 17,135
- 26,03-7
+ 15,4-44- 1,576
197,922
+ 675,549
+ 765,310
+ 29,212
+1,272,149
+ 49,677
... 7,133.
23,446,307
+ 1,321
+ 23,670
2,164
+2,780,523
140,331
157,065
26,785
47,822
23,818,310
+
+
+
TOTAL
ASSETS
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 deposits
Total deposits
Deferred availability items
Other liabilities including
accrued dividends
TOTAL LIABILITIES
CAPITAL „ACCOUNTS
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capita], accounts
TOTAL LIABILITIES ALTD CAPITAL- ACCOUNTS
F.atio of total reserves to deposit and
‘
F.R. note liabilities combined
Comnitnents to make industrial advances
91.2%
11,629
+
99
-
—
293,771
—
20
—
—
6.676
69,199
1,497
15,064
—
_
4,162
5,345
54
+
8.889
+2,798,865
-
+
36
+ 23,726
—
643
+
+
2.7%
2,953
Form F. R. 28y~b
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH JUIIE 11, 1941
(ln thousands of dollars)
ASSETS
Total
Boston
Gold certificates on hand and
due from U.S.Treasury
20,313,731 1,165,191
Redemption fund - F.E.iiotes
10,945
394
O t/ h fir
n iif ih
New York
Phila.
deve.
Ridi. Atlanta Chicago St.Louis Minn. Kans.Cy. Do.13.as San Fran.
8,933,256 1,191,178 1,528,486 658,772 458,478 3,374,543 561,033 339,907 465,952 323,047 1,308,888
1,697
832
689 1,907
897
1,033
400
156
154
845
l,94l
OO
lJL
A^J1
no 5
A an o
l ö
w
i /. i n n
-n Oor?
9fww
Ow
)r7r7&
f{^ OD JÜJ.Jo). 9 7I3A i q
*1
Total reserves
.20,613,686 1,186,138 8,987,661 1,214,586 1,545,951 681,492 486,988 3,4l4,S60 579,706 340,375 484,203 343 .OOC 1534-2?666
Bills discounted:
Secured by U. S. Gov’
t obiigations,
direct and guaranteed
1,^58
95
709
216
100
58
—
”” ,
T*9
42
il —
8
34
_____ - 25
619
19
.. ^
^
Other bills discounted
Total bills discounted
1,977
58
50
114
258
8
841
34
182
203
131
73
25
Industrial advances
770
348
1,720
3,310
851
215
412
276
364
8,774
291
217
j, S. Government securities ,
direct and guaranteed:
1,363,800
Bonds
98,544
136,462 75,859 59,247 156,506 63,283 41,178 66,277 54,979 114,043
389,312 108,n o
Notes
234,163
94,136 38,062 24,769 39,863 33 ,,068
82,079 45,627 35,637
65,027
820,300
59,273
68,596
Total U. S.Gov’
t securities ?
direct and guaranteed
2,184,100 157,817
623,475
173,137 218,541 121,486 94,884 250,642 101,345 65,947 106,1/0 88,047 182,639
Total bills and securities 2,194,851
Due from foreign banks
47
F. R. notes of other banks
26,825
Uncollected items
809,067
Bank premises
40,035
Other assets
53,799
TOTAL
ASSETS
158,701
3
723
82,404
2,810
3,529
626,036
18
2,300
2.01,520
9,779
14,296
176,705
5
1,467
60,991
4,720
5,736
219,020 122,395 95,107
2
2
4
1,770 6,2.20 2,685
112,614 74,162 33,791
2,598
4,525
1,973
2,218
5,685 ' 3,211
251,040 101,395 66,541 106,634 88,396
*
1
6
1
, 1
826 1,436
825
2,682 2,698
130,181 50,174 22,493 39,450 30,936
3,012 2,300 1,355 2,964 1,189
5.676
2,291 1,622 2 *>A&A 2,332
182,881
A
3,193
50,351
2,810
4,739
2.3,818,310 1,434,308 9,841,63.0 1,464,210 1,889,569 890,080 622,764 3,807,457 738,565 439,212 637,212 466,679 1,586,644
*Less than $500.
.bora F. R. 283“c
STATEMENT OF OOIIDITIOH OF THE FEDERAL RESERVE BANKS ON JUIJE 11, 194-1
(in thousands of dollars)
L I A B I L I T I
Total
F. R. notes in actual cir—
culation
6,542,175
Deposits :
I.Ienber bank-reserve acct.^3 .312 189
U.3.Treasurer-General acct. 940,973
Foreign
1 ,226,526
Other deposits
582,106
Total deposits
16,061,794
Deferred availability :items 835,205
Other liabilities including
accrued dividends
7,133
Rich. Atlanta
Chicago St.Louis Minn. Kans.Cy. Dallas
San Fran.
Boston
Now York
Phila,
538,581
1,732,339
453,30s
609,662 308,781 215,776 i,4o4-„889 2.43,641 169,957 220,103 104,043
541,095
679,310 6,527,945
47,024
338,095
57,462
466,273
467,44-7
7,4-25
707,019
66,127
118,967
20,362
954,314 396,673 279,504 1,809.074 342,217 170,173 291,996 246,792
56,764 36,809 31,144 184,992 42,931 36,683 38,800 36,832
112,835 52,738 42,926 147,176 36,794 26,982 35,560 35,568
16,088 6,136 6,449
4,654 11,620 6,708 4,298
3,207
827,172
24,772
93,237
27,712
791,221 7,799,76c
78,343
179,333
912,4-75 1,140,001 492,356 360,023 2,225,096 433,562 240,546 370,662 322,399
62,090 104,918 72,564 33,184- 128,416 4-9,398 18,846 34,960 28,584
972,893
44,561
553
1,739
1,829
Cleve.
607
434
167
648
200
165
207
216
368
TOTAL LIABILITIES
23,446,307 1,408,698 9,713,171 1,4-29,702 1 ,855,188 874,135 609,150 3,759,849 726,801 429,514 625,940 455,24-2 1,558,917
C A P I T A L A C C 0 U II T S
Capital -paid
in .
14,486 5,447 4,809
11,901
4 ,516 4,270
11,728
14,932 4,295 3,001
9,353
51,593
140,331
s
Surplus (Section 7)
10,906
15,144
56
,447
3,152
3,974
5,725
14,323 5,247
157,065
22,824 4,925
10,785
3,613
Surplus (Section 13b)
2,874
7,070
2,121
1,007 3,244
1,138 1,263
26,785
713
1,4-29
4,393
533 1,000
Other capital accounts
2,477
3,070
2,007
2,367
2,005
13,329
4,565
1,930
47,822
0,423 2,011 2,545
3,093
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
23,818,310 1,434,308 9,84-1,610 1,464,210 1,889,569 890,080 622,764 3,007,4-57 738,565 439,212 637,212 466,679 1,586,644
Commitments to make industrial
advances
6
1,611
172
364
56
11,629
1,732 1,114
3,076
32
39 1,094
2,333
MATURITY DISTRIBUTION OF BILLS LUS SECURITIES
2 Years to
Over
16 to
31 to
6l to
91 days to 6 months
1 Year
Within
30
days
60
days
90
days
6
months
to
1
Year
to
2
Years
5
Years
5
Years
Total
15 days
Bills discounted
91
185
77
235
5
—
1,384
1,977
284
555
407
746
1,515
1,476
2,349
1,442
Industrial advances
8,774
U. S. Government securities,
686,400
1,233,600
136,300
127*800
direct and guaranteed
2,184,100
Fern F. E, 283“d
FEDERAL RESERVE W I E STATR1E1IT 0" JUIIE 11- 1941
(ln thousands of dollars)
Total. Boston New Yorl; Phila.
Cleve.
Rieh. Atlanta Chicago St.Louis Kinn* Kans.Cy* Dallas San Fran.
ca
redorai Reserve notes:
~ sued to F.R. Banlc bv F.R. Men t 6,365,638 554,797 1,827,040 469,818 633,263 325,855 235,597 1,440,056 259,010 175,.-.61 230,994 115,054 598,893
Id by Federal Reserve Bank
323,463 16,216
94,701 16,510 23,601 17,074- 19,821
35,167 15,369
5,304 10,891 H , 011 57,798
co
D.i actual circulation
6,542,3.75 538,581 1,732,339 453,308 609,662 308,781 215,776 1,404,CÜ9 243,641 169,957 220,103 104,04-3 541,095
Collateral held by agent as se
curity for notes issued to bank:
Gold certificates on hand and
due from U. S. Treasury
7,011,000 570,000 1,845,000 480,000 640,000 350,000 240,000 1,460,000 2.69,000 177,000 235,000 r-1,000 624,000
Eligible paper
1,693
11.4
841
259
—
58
—
—
50
182
3.89 —
—
Tot.il collateral.
7,012,693 570-114 1,345,841 4-80,259 640,000 350,058 240,000 1,460,000 269,050 177,182 235,189 121-"^r 624,000
@FedFRASER