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Fora F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, June 20; not earlier. Board of Governors of the Federal Reserve System June 19- 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 18 member bank reserve balances decreased ¿181,000.000, Reductions in member bank reserves arose from increases of ¿83,000,000 in Treasury deposits with Federal Reserve Banks, $40,000,000 in money in circulation, $18,000,000 in Treasury cash, and $56,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $8,000,000 in Reserve Bank credit, offset in part by increases of $19,000,000 in gold stock and $4,000,000 in Treasury currency. Excess reserves of member banks on June 18 were estimated to be approximately $5,310,000,000, a decrease of $180,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended June 18, 1941, were as follows* Increase or decrease since June 18j 1941 June 11, 1941 June 19. 1940 (In millions of dollars) Bills discounted ü. S. Government direct obligations II. S. Government guaranteed obligations Industrial advances (not including 12 million commitments - June 18) Other Reserve Bank credit 2 2,179 5 — — — - 284 5 9 46 «_ - 8 —— Total Reserve Bank credit Gold ütock Treasury currency 2,241 22,612 3,142 - 8 + 19 + 4 - 298 +2,84-3 + 131 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks lionnember deposits and other F. R. accounts n,r*L 9,433 2,258 1,024 2,150 -181 + 4o + 18 + S3 . + 56 - 581 +3-,692 + 54 + 726 + 786 8 Form F. R. 283-a Released for publication Friday morning, June 20, 1941? not earlier. STATEMENT OF CONDITION OF THE TCELVE FEDERAL RESERVE BilNKS COMBINED (In thousands of dollars) Increase or decrease since June 19, June 11, June 18, 1940 1941 1941 ASSETS Gold certificates on hand and — +2,777,256 due from U.S. Treasury 20,313,731 1,683 9,508 Redemption fund - F. R.notes - 1,437 - 1,260 Other cash 287,750 -.. 3 3 ^ 2 Totc'i reserves +2,692,300 - 2,697 20,610,989 Bills discounted* Secured by U. S. Gov’ t obligations, + 438 239 direct and guaranteed 1,119 + 68 814 687 Other bills discounted 386 Total bills discounted 1,806 171 8,906 + 132 Industrial advances 105 U. S. Government securities, direct and guaranteed1 “ + 20,617 Bonds 1 ,363,800 820,300 - 309,825 Notes Tot¿l U. S. Government securities» - 289,208 dxiect and guaranteed 2,184,100 Tot cl bili.s and securities Due from foreign banks F. F..notes of other banks Uncollected items Beni: premises Other assets TOTAL ASSETS L I A B I L I T I E S F. R. notes in actual circulation Deposits* lionber bank - reserve account U,o. Treasurer - General account Foreign Other deposits 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 AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Comnitinents to make industrial advances 2,194,812 47 24,918 1,132,033 40,246 42,412 — - 1,907 +242,966 + 211 - 11,387 - 289,699 — + 4,276 + 326,807 1,290 - 10,607 24,045,457 +227,147 +2,721,787 6,573,156 + 30,981 +1,469,240 13,130,642 1,023,809 1,229,892 624,714 16,009,057 1,085.664 -181,547 + 82,836 + 3,36^ + 42,o03 - 52,737 +250,4-59 + + + + + 5,610 23,673,487 r 1*522 +227,180 ±____ JQ2 +2,704,648 140,324 157,065 26,785 47,796 24,045,457 91.355 11,814 39 7 581,591 725,597 563,878 192,413 900,297 334,802 26 +227,147 3,227 5,345 54 + 8,621 +2,721,787 + + + + — — .11 1S5 + + 2.6% 3,227 Form F. R. 283“b STATEMENT OF CONDITION OF THE' FEDERAL RESERVE BANKS ON JUNE 18, 194-1 (in thousands of dollars) . ASSETS Total Boston New York Phila, Cleve, Rich. Atlanta Chicago St.Louis Minn. Kans.Cy.:Dallas San Fran, Gold certificates on hand and due from U.S.Treasury 20,313,731 1*161*769 8,880,048 1,223,891 1,562,084 653,398 454,841 3,400,496 547,741 337,994 461,391 321,526 1,308,552 Redemption fund - F.R.notes 9,508 327 1,427 728 602 1,218 851 947 38I 145 136 S32 1,914 Other cash 287,750 20,037 54,283 24,085 16,428 18,006 25,661 40,008 18,838 5,716 16,800 15,852 32,036 Total reserves 20,610,989 1,182,133 8,935,758 1,248,704 1,579,114 672,622 481,353 3,M l , 451 566,960 343,855 478,327 333,210 1,342,502 Bills discounted» Secured by U. S. Gov’ t obligations, 66 direct and guaranteed 1,119 97 372 216 100 158 — — 35 20 30 25 Other bills discounted 687 24 142 45 29 — 8 34 — 162 150 93 — Total bills discounted 1,806 Industrial advances 8,906 U.S. Government securities, direct and guaranteed« Bonds 1 ,363,800 Notes 820,300 121 768 514 1,536 261 3,360 98,544 59,273 389,312 234,163 Total U. S. Gov’ t securities, direct and guaranteed 2,184,100 157,817 158,706 2^94,812 Due from foreign barics 47 F. R. notes of other banks 2.4,918 Uncollected items 1,132,033 Bank premises 40,246 Other assets 42,412 T O T A L A S S E T S 3 568 100,858 2,810 2,812 24,04-5,457 1,447,890 158 866 8 . 193 34 366 108,110 65,027 136,462 75,859 82,079 45,627 59,247 35,637 156,506 94,136 623,475 173,137 218,541121,486 94,884 250,642 101,345 65,947 106,140 625,525 18 2,137 251,575 9,949 11,311 176,758 5 1,426 86,382 4,720 3,613 219,020 122,510 95,085 2 2 4 1,550 6,190 2,723 168,449 92,645 42,345 4,525 2,639 1,973 4,673 2,649 1,814 129 350 35 182 435 216 579 41,178 66,277 24,769 39,863 123 275 25 178 54,979 114,043 33,068 68,596 88,047 182,639 251,042 101,380 66,564 106,935 88,445 * 1 6 1 1 2,722 2,078 842 1,981 557 167,158 53,120 26,677 42,579 34,192 3,012 2,300 1,355 2,964 1,189 4,580 1,841 1,321 1,972 1,919 182,842 4 2,144 66,053 2,810 3,907 9 ,836,273 1,521,608 1,977,335 899,257 625,295 3,369,971 727,680 440,614 634,759 464,513 1,600,262 *Less than $500. Form F. R. 283— c STATELIEST OF CONDITION OF THE FEDERAL RESERVE BAN IS ON JUNE 18, 1941 (in thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual cir culation ,573,156 Deposits t Ivlember bank-reserve acct.13 ,130,642 ,130 ,64i 1^023,809 Foreign ,229,892 Other deposits 624,714 Total deposits K ,009,057 Deferred availability items 1,085,664 Other liabilities including accrued dividends 5,610 Boston Cleve. Rich. Atlanta Chicago St..Louis Minn^ Kans.Cy.Dallas San Fran, lïew York Phila, 542,682 1,749,770 4-54,365 609,460 309,090 216,329 :L,412,138 244,537 169,725 220,153 103,956 540,951 686,833 6,427,287 43,367 300,633 481,683 55,631 7,480 512,572 699,815 83,323 117,241 19,595 962,347 382,907 267,967 ]L,870,167 320,500 .170,109 285,546 233,179 89,469 43,131 34,163 227,159 50,529 38,157 37,293 44,246 111,198 51,973 42,304 145,040 36,260 26,591 35,051 35,051 16,636 5,982 7,554 4,436 10,153 6,081 3,702 2,944 823,985 32,339 91,869 27,579 793,311 7,722,175 234,200 85,738 919,974 1,179,650 483,993 351,988 ;2,246,802 4,17,442 240,938 361,592 315,420 112,281 153,245 89,802 43,198 162,806 53,761 20,104 4l ,564 33,494 975,772 55,471 JL 1,704 476 418 l6l 150 202 614204 180 341 430,917 623,511 4-53,074 1,572,535 TOTAL LIABILITIES 2: ,673,487 1,422,294 9,707,849 1,487,096 1,942,952 883,303 611,676 3 ,822,360 715,920 ■ r ! T * f t c a p i t a l ACOOU Capital paid in l4o ,324 4,296 2,998 4,517 4,270 14,492 5,449 4,813 51,582 11,902 11,728 14,936 9,34-1 10,906 Surplus (Section 7) 157,065 22,824 4,925 3,152 3,613 3,974 56,447 15,144 10,785 14,323 5,247 5,725 26,785 Surplus (Section 13b) 1,429' 2,874 7,070 1,007 3,244 1,138 1,263 2,121 713 533 1,000 4,393 47,796 2,006 2,368 8,422 Other capital accounts 4,561 1,980 2,014 1,932 2,547 2,475 13,325 3,073 3,093 TOTAL LIABILITIES AND ,513 1,600,262 CAPITAL ACCOUNTS 24,04-5,457 1,447,890 9 ,836,273 1,521,60S 1/977,335 899,257 625,295 3»869»971 727,680 44o,6l4 634,759 Commitments to make industrial advances 2,342 1,683 1,110 32 6 363 38 819 39 3,676 171 1,535 11.814 MATURITY DISTRIBUTION OF BILLS /¿ID SECURITIES 1 Year 1 Years to Over o riontns 31 to 61 to 91 days tc Within 16 to to 1 Year to 2 Years 5 Years 5 Years 6 months 60 days 90 days 30 day; Total 15 days 2 265 1,208 l,o06 Bills discounted 51 193 87 2,376 1,501 1,449 692 8,906 292 569 754 Industrial advances 1,273 U.S. Govemr.;ent securities, 584,000 1,233,600 84,800 238,700 43,000 direct and guaranteed 2.'el84»100 563 597 Form F . R . 283-d FEDERAL RESERVE NOTE ST/.TSJ.IEIIT Oil JUHE 13, 1941 (in thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis liinn. Kans.Cy. Dallas San Fran. Federal Reserve notes» Issued to F.R. Bank by F.R. Agent Held by Federal Reserve Bank 6,899,789 568,133 1,333»236 475,234 633,214 325,472 235,760 1,442,575 259,234 175,3^6 231,5'.>7 I-1-6»970 602,998 326,633 25,451 83,260 20 o59 lt>,3(-,2 3--?^'9‘ 1^;? ^ 1 y ^’ o<cs. ll,j>i>4 13,014 62s,o47 In actual circulation 6,573,156 542,632 1,749,770 454,365 609,460 3‘ -i9,090 216,329 1,412,133 244,537 169,725 220,153 103,956 540,951 y Collateral held by agent as se curity for notes issued to banlt» Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 7,033,000 590,000 1,345,000 480,COO 640,000 350,000 24C-,CO0 1,46c,: 0C 269,000 177,000 235,"00 123,000 624.000 1,475 121 514 *261 — 158 — ~ 35 132 204 — 7,034,475 590,121 1,845,53-4 480,261 640,000 350,158 240,OoO 1 ,460,000 269,035 177,182 235,204 123,000 624,000
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