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Form F . R . 283a STATEMENT FOR THE PRESS Released for publication Friday morning, June 19; not earlier. Board of Governors . of the Federal Reserve System June 18, I9I4.2 CONDITION OF TEE FEDERAL RDSERVE BANKS During the week ended June 17 meuber b a n k reserve balances increased $77,000,000. Additions to member bank reserves arose from increases of $95*000,000 in Reserve 3ar.k credit and $12,000,000 in gold stocK, and reductions of $21^,000,000 in Treasury cash and $145,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part b y increases of $^2,000,000 in money in circulation and $68,000,000 in Treasury deposits w i t h Federal Reserve Banks. Excess reserves of member banks on June 17 v^re estimated to be approximately $2,790,000,000, a n increase of $10,000,000 for the w e e k . The principal change in holdings of bills and securities w a s an i n c r ^ s e of $11,000,000 in United States Government securities, bonds and notes increased $3,000,00v. each and bills f5,000,000. Changes in member bank reserve balances and related items during the w e e k and the year ended June 17, l9l|2, wore as followst Increase or decrease since June 17, 19 June 10, ' 191*2 June 18, 19 h i (In millions of dollars) Bills discounted U. S . Government direct obligations U . 8 . Government guaranteed obligations Industrial adyances (not including 17 million commitments - Juno 17) Other Reserve Bank credit 5 2,5714 •5 * 1 11 * 3 39b 11 209 35 2 163 Total Reserve Bank credit Gold stock Treasury currency 2,303 22,729 3,311 + 95 + 12 + 1 562 117 169 Member bank reserve balances M o n e y in circulation Treasury cash Treasury deposits with F. R . Banics Nonmeiriber deposits and other F. RT accounts . 12,706 12,208 2,189 160 '1,581 77 32 21; 68 1+5 1|2 5 +2 ,775 • - • - •- - (9 86I4 56} Form V, R . 283-c Total L I A B I L I T I E S F . R . notes in actual circulation 9,228,700 Depositsj Member bank-reserve acct. 12,706,[i8lj. U.S.Treasurer-general acct, 159,719 foreign 961,1*78 Other 315,1*11* Total deposits 11*, 11*3,095 Deferred availability items 1,239,251* Other liabilities including accrued dividends 6,271 Boston STATBIaENT OF CQMDITICR OF THE FEDERAL RESERVE BANKS ON JUNE 17, 191*2 (In thousands of dollars) ; New York Cleve, Phila. Rich. Atlanta Chicago St.Louis fiinn. Kans.Cy. Dallas San Fran, 70l*, 658 2,317,722 660,127. 880,973 501,i|10 550,58l* 1,909,630 3 6 1 , 1 0 6 229,14.80 300,835 156,788 618,085 5,1*1*1,287 892 153,767 22,595 503,61*9 9,239 173,322 681,708 91*3 72,652 10,878 959,221 51*9 69,625 52,5^ 171,585 351*,716 1,867,526 385*296 185,308 370,858 311,366 1,059,528 509 579 71 597 U98 528 563 223 33,299 26,1*08 92.329 22,70k 16,61*9 21,9V? 21,9*47 57,591* 8,236 3,581 5,300 10,920 8,763 81*6 3,820 27,9142 650,811 6,272,025 252,912 112,269 766,181 1,081,951* 172,381 115,532 1,01*9 1,656 5 1 3 , 6 2 9 385,361* 1,965,^26 1*19,^5 211,218 M . 1 7 9 3 3 7 , ^ 6 l , l l * b , W 109,229 50,580 80,730 175,813 55,551* 26,568 1*9,192 38,1*91* 603 1*31 855,387 1*37 662 272 151 171* 208 257 371 TOTAL LIABILITIES 214,617,320 1,1*68,737 3,8l*l*,315 1,51*2,271 2,135,911 1«,1214,705 786,800 4,051,331 836,359 W>7,i*i7 71*1*, 1*11* 533,235 2,081,775 C A P I T A L A C C 0 U N T S 1*,1*32 14,1*30 11,928 3,058 1*,665 5,816 1*,970 15,892 Capital paid in 11*, 8 06 53,1*36 11*1*, 703 11,791 9,1*29 3,976 10,792 1*»966 22,925 3,152 5,236 3,613 Surplus (Section 7 ) 157,502 11*, 31*6 5,725 56,651 15,171 10,91*9 1,000 1,263 2,121 530 1,137 Surplus (Section 13b) 3,21*1* 7,070 1,007 1,1*29 26,781 713 2,871* 1*,393 3,1*66 2,072 2,01*2 2,1*10 1,91*1* 2,993 1,91*2 l*,76o Other capital accounts 2,589 2,51*0 1*8-, 1*52 3,215 13,1*79 TOTaL L L 3 I L I T I E S AND CAPITAL ACCOUNTS Commitments to make industrial advances R . R . notes outstanding Collateral for F.R.notes held b y F . R . Agents t Gold certificates Eligible paper <4*,991*, 758 1,1*914,5© 8,971*,951 1,576,3141 2 , 1 7 0 , 8 3 0 1,11*1,0I43 8 0 0 , 6 1 8 14,100,01*3 01*8,279 1*77,216 7 5 5 , 9 0 1 51*1*,81*8 2,109,609 16,502 1*55 776 781 9,661*, 963 733,51*7 2,1426,897 686,082 911*,685 538,890 379.127 1 , 9 5 0 , ^ 0 330,812 2 3 5 , 7 6 1 311,978 171,238 935,256 9 , 7 6 6 ; 000' 3»925 71*0,000 2,1435,000 690,000 920,000 550,000 300,000 1,980,000 390,000 236,000 320,000 176,000 91*9,000 350 2,311 655 2,060 200 660 — 2,071* 2,028 — — 3,321* 29 380 — 3,1*80 - MATURITY DISTRIBUTION OF BILLS .iND SECURITIES Total — l*»ol*9 10,617 t Bills discounted Industrial advances U . S . Government securities, direct and guaranteed 2,578,51*1* 056 Tilithin 15 days 3,830 5,51*9 30,626 16 to 50 days 125 1*59 35,568 31 to 60 days 69 716 72,757 61 to 90 days 62I4 199 11*6,732 9 1 days to 6 months 1 551 67,892. 6 months to 1 year 706 136,700. 1 to 2 years 2 to 5 years 1,1*13 1,0214 207*175 352,000 Over 5 years 1,1*1*9,091* Fornr F# R . 283-a Released for publication Friday morning, July 19, 19k2; n o t earlier. STATEMENT OF CONDITION OF THE TSELVE FEDERAL KESEKVE BAILKS COMBINED (In thousands of dollars) June 17, W A S S E T Increase or decrease since June 18, June 10, 191*1 191*2 S Gold certificates on hand and due from U , S . TreasuryRedemption fund - F . R . notes Other cash T o t a l reserves + 38,398 90 159 + 38,lit9 fh 2it2,296 * l*,8ltlt 12,98 it 3,91*5 YOU - + 2,826 17 b,6h9 - 1,031* 233 1,267 + 2,3lt3 10,617 + 80 20,556,027 lit, 352 271^,766 20.8it5.llt5 Bills discounted* Secured b y U . S . Gov't obligations, direct and guaranteed Other bxlls discounted Total bills discounted 23l|,156 Industrial advances U . o . Government securities, direct and guaranteed} Bonds Hotes Certificates Bills Total U . S , Government securities, direct and guaranteed 1,606,19U 715,775 32,092 22b,h83 +• 3,250 + 3,000 2,578,51*1* + 11,000 + 39k,kbk Total bills and securities 2,5^3,810 * + 398,998 Luc f r o m foreign banks F . R . notes of other banks Uncollected items Bank premises Cth^r assofcs 1*7 27,527 1,14461,220 1*0,517 39,1*92 TOT-.iL ASSETS 1,711 + • - — + 1*, 750 9,813 2lt2,39l* loit, 525 32*092 22it.i|fl3 — • It 097 •^19.235 - 13,253 2,609 316,187 •f 271 2,920 * 91*9,301 2lu99l*,75S L I A B I L I T I E S F . R . notes in actual circulation Deposits j bomber b a n k - reserve account U . S . Treasurer - general account Foreign Oth j r Total deposits Deferred availability items Other liabilities including accrued dividends TOT^L LIABILITIES C A P I T A L • 33,981; 12,706,1^8 it 159,719 Q 61, it 78 315,l*llt lit.lii3.095 1,239,251* • 77,57h + 68,061 - 16,830 - 39*337 • '89,1*68 +333*928 6,271 2lt, 617,320 - 11*1*, 703 157,502 26,781 1*8,1|.52 • •2,655,51*1* l*2it,158 86it,090 268,ltllt 309,300 -1,865,962' + 153,590 - + 661 + 91*3,833 — + + — - 1*,379 1*37 1* 656 2,1400 •i.CCOUNTS Capital paid in Surplus (Section'7) Surplus (Section ljb) Ctht>r capital accounts T T0T.iL LIABILITIES iJSTD C;iPIT..L ,4CCCU1\ TS Ratio of total reserves to deposit and F . R.note liabilities combined Coirstaitments to malce industrial advances 9,228,700 + 25 36 okl 2Jt,99l*,75& + 91*9,301 89.2% - .3% - 2.1% 16,502 + 2,8£b + It, 688 Form F . R* 283 STttTBIIEET OF CONDITION OF THE FEDERAL RESLkVE BANKS .ON JUNE 17, I9i|2 (In thousands of dollars) - A S S E T S Rich. Atlanta Chicago St* Louis M i n n . Xdns;Cy. Dallas San Fran. s Gold certificates on hand and due20,556,027. 1,128,8^2: 7.831,680 1,21*2,910 1*667,790 from U* S* Treasury 851,669 6ol*,520 3,516,329 61*7,593 356,956 575,051* 387,220 1,71*5,1*81* Redemption fund - F.lt.notes 114,352 1,232 788 186 827 361 790 2,897 21*3 1,375 3,1*55 1*099 1,099 Other cash 15,221* 22,1*12 . 10,1*10 .17,798 22,520 ' 67,^87 271*, 766 1*5,773 12,987 5,71*3 12,198 12,826- • 29,1*88 Tptal Total reserves New York Phila. h,6U9 2,261 262 655 1*8 20 66 200 22 350 2,523 703 86 5,381 21*8 350 — Industrial advances 10,617 u. Government securities, direct and guaranteed: Bonds 1, 6 0 4 1 9 h Notes : 715,775 Certificates. ; 32,092 Bills '22kM' 1,072 1,0^6 119.535 53,268 2,388 16,706 1*1*1*, 321* 198,006 8,878 62,099 127,65k Total U . Goy»t.securities, direct and guaranteed 2,578,5hh 191,897 713,307 Total bills and securities 2,593,810 i^ue from foreign banks kl k . notes of other banks 27,527 uncollected items 1,14^8,220 Bunk premises 40,517 Other assets 39,^92 TOTAL ASSETS Cleve . 20,845,1^5 1,154,239 7,900,166 1,258,377 1,691,301 • 863,1*51* 623,11*5 3,563,331* 661,368 362,885 587,613 1*00,836 .1,778,1*27 Bills discounted^ Secured b y U . S . Gov*t obligations, direct and guaranteed Other bills discounted 70k Total bills discounted Boston 193,319 • 716,876 18 3 3,170 851 11*0,821* 333*695 2,751; 10,1*15 10,611 2,589 17 10 76 380 15 222 17 86 619 967 316 — • ll* HI 50 38 1*3 125 88 59 '209 91 67,299 61,691* 29,990 27,1*93 1,31*5 1,233 9,1*06- - 8; 622 137,950 61,1*76 2,756 19,280 99,01*2 221,1*62 77,21*9 108,11*2 99.376 * 1 1 1,832 1,577 763 32,955 53,839 1*1,283 1,326 2,01*3 " 1,105 1,221* 1,1*81* 1,631 221,61*1 — 11 5 38 395 11 8 601 163,398 72,815 3,265 22',837' 95,270 68,571* 1*2,1*55 30,558 1,370 1,903 • 13,315 ' 9,581* 197,682 75,077 1*7,737 '88,091* 33,1*57 21,271* 3,950 1,500 9% 27,628 '10; 1*93' 6,672 20l*,93l* 262,315 152,91*3 110,086 - • t 317,35li 120,527 .76,637 108,01*0 211,018 262,61*9 5 1,393 98,11*2 1*,813 3,093 1* 2,235 205,682 1*,392 it, 567 153,781* 111,070 2 2 1,928 1*,226 ll6;-293 58,588 3,082 1,961 2,500 1,626 317,756 120,930 6 1 3,690 2,981 207,761 59,196 2,956 2,135 l*,5l*0 1,668 56,889 2,^50 17,81*1 2it,99ii,758- l»l*9l*,579 3,97l*,951 1,576,81*1 2,170,330 1,11*1,01*3 800,618 h,100,01*3 1* 2,881 99,962 2,735 3,959 81*8,279 1*77,216 755,901 5W*,3l*8 2,109,609 •Less than $500.
@FedFRASER