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STATEMENT FOR THE PRESS Released for publication Friday morning, June 27; not earlier. Board of Governors of the Federal Reserve System June 26. 194-1 CONDITION OF THE FEDERAL RESERVE BANKS During the w^ek ended June 25 member bank reserve balances decreased $146,000,000. Reductions in member bank reserves arose from increases of $57,000,000 in money in circulation, $57,000,000 in Treasury deposits with Federal Reserve Banks, $36,000,000 in nonraember deposits and other Federal Reserve accounts and $17,000,000 in Treas ry cash.offset in part by incre..ses of $3,000,000 in Reserve Bank credit, $C,>'00,000 in gold stock and $6,000,000 in Treasury currency. Excess reserves of member banks on June 25 were estimated to be approximately $5>150,000,000, a decrease of $160,000,000 for the week. Changes in merfoer bank reserve balances and related items during the week and the year ended June 25 - 1941, were as follows: Increase or decrease since June 25y 1941 June 13, 1941 June 26, 1940 (in millions of dollars) Bills discounted 2 U. S. Government direct obligations 2,179 U. S. Government guaranteed obligations 5 Industrial advances (not including 13 million commitments - June 25) 9 Other Reserve Bank credit 54 — — —— — - 284 5 — + 8 — + 27 Total Reserve Bank credit Gold stock Treasury currency 2,249 2.2,620 3,148 + 8 + o + 6 - 262 +2,749 + 136 Member bank reserve balances 12,985 Money in circulation 9,490 Treasury cash 2,275 1,081 Treasury deposits with F. P.. Banks Honraember deposits and other F.R. accounts 2,186 -145 + 57 + 17 + 57 + 36 - 738 +1,710 + 89 + 780 + 781 P o m F, P.. 283-a P.eleascd for publication Friday norning, June 27, 194-15 not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since June 25, June 18, June 26, 1941 1941 1940 ASSETS Gold certificates on hand and 1 due iron U. S. Treasury +2 ,660,25420,313,730 — P.edenption fund - F. R. notes 9,508 1*354 - 93.639 Other cash - 2,609 285,141 Total reserves +2 ,565,261 - 2,610 20,608,379 Bills discounted» Secured by U, S. Gov’ t obligations, direct and guaranteed + 717 + 302 1,421 Other bills discounted 965 95 592 248 Total bills discounted + 207 2,013 + Industrial advances + 182 9,088 113 U. S. Government securities, direct and guaranteed» + 20,617 Bonds 1,363*800 — - 309,825 820,300 Notes Total U. S. Government securities, — - 239,208 di.roct and guaranteed 2,184,100 - 289,343 Total bills and securities 2,195,201 Due fron foreign banks F. P., notes of other banks Uncollected items Bank premises Other assets 47 27,222 890,276 40,215 41*32? — + 2,304 -24-1,757 31 + 917 + 8,733 + 234,045 1,275 — 10,728 23*804,669 -240,733 +2 ,506,693 6,633,192 + 60,036 +1 ,438,742 12,985,110 1,081,125 1,240,276 650,690 15,957,201 836,114 -145,532 + 57,316 + 10,384 + 25,976 - 51,856 -249,550 + + + + + 6,086 23,432*593 + 476 -240,894 + ... _2P0 +2,489,783 140,376 157,065 26,785 47,850 23,804,669 + + 54 -240,73- + 3*273 + 5*345 54 + S'*346 +2 ,506,693 .1% + 1,258 + + TOTAL ASSETS L I A B I L I T I E S F, P., notes in actual circulation Deposits» Menber bank-reserve account U. S. Treasurer - General account Foreign Other deposits Total deposits Deferred -availability itens Other liabilities including accrued dividends TOTAL LIABILITIES c a p i t a l ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit raid ?. P.,note liabilities combined Connitncnts to riake industrial advances . 91.256 13,072 + 389 — 52 — — - 737,709 730,515 575,556 175,834 794,196 206,545 2,4$ 4,310 ,rm ?„ E. 3',3-b STATEMENT OF COIIDITICI! OF THE FEDERAL RESERVE BAHKS Oil JUÎIE 25, 1941 (In thousands of dollars) ASSETS Total Boston >lc -ïertificates on hand and hjr-. fron TJ. 8 .'Tree,sury £0,313,730 1,185,741 îc.ei-.ption fund - F.R. notes 327 9,508 .her- cash 20,363 285,141 Hew York Phila. Cleve. P.ich. Atlanta Chicago St.Louis Minn. Kars. Cy. Dallas San Fran. 8,812,100 1,220,497 1,590,452 664,754 4,64,553 3,407,723 545,007 330,951 456,794 323,049 1,312,099 728 602 1,218 136 851 947 381 832 1,427 145 1,914 14,608 18,867 26,668 39,474 20,448 5,383 16,807 15,069 50,412 24,224 ?.2 ,8l8 reserves 20,608,379 1,206,431 8 ,863,939 1,245,449 1 ,605,662 684,839 492,077 3,443,149 565,836 336,479 473,737 338,950 1 ,346,831 [He discountedt ^ec'red by U, S«. Gov*t obligations, — — — 50 60 58 direct and guaranteed 100 45 1,421 no 30 871 97 — — 8 156 ither bills discounted 56 132 102 22 592 24 92 — 58 8 50 216 >tal bills discounted 963 177 132 122 134 153 2,013 'xaustrial advances 190 178 1,016 384 — 275 350 359 851 435 3,514 1,536 9,00ft >S Go^ern’ nerit securities, direct and guaranteed* Bonds 1 ,363,-00 98,544 389,312 108,110 136,462 75,859 59,247 156,506 63,283 41,178 66,277 54,979 114-043 Totes 234,163 94,136 38,062 24,769 39,863 33,068 320,300 82,079 45,627 35,637 65,027 68,596 59,273 — — itj.1 *J. S. Gov11 securities. c a m ^«iarjijiteed 2,184,100 otul bills and securities _ie froa foreign banks . R . rotes of other banks icollscted iteac ank premises ther assets CTAL ASSETS 2,195,201 47 27,222 890,-276 40,215 43,329 157,817 623,475 173,137 218,541 121,486 94-,884 250,642 101,345 65,947 106,.140 88,047 182,639 158,967 625,974 18 2,040 217,336 9,949 11,719 176,804 5 1,1/2 62,665 4,710 3,708 219,013 122,395 95,082 2 2 *4 1,669 7,124 2,692 111,557 71,464 36,415 4,513 2,640 1,970 4,726 2,706 1,844 251,026 101,395 66,598 106.676 38,454 * 6 1 1 1 2,350 1,262 1,627 1,004 3,137 125,495 43,522 23,759 33,001 30,094 3,012 2,299 1,355 2,964 1,189 4,650 1,863 1,336 2,010 1,964 182,817 4 2,516 46,500 2,804 3,937 3 659 83,468 2,810 2,866 23,004,669 1,455,204 9 ,730 ,975 1,494,483 1,947,144 891,170 630,082 3,335,475 722,266 430,739 620,016 461,656 1,585,409 *Less than ¿500. Form F. R. 283-c STATEMENT OF COHDITIOII OF THE FEDERAL RESERVE BANKS 013 JUIv'E 25, 194-1 (In thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual cir culation 6,633,192 Deposits* Member bank-reserve acct. 12,985,110 U.S.Treasurer-General acct .1,081,125 1,240,276 Foreign Other deposits 650,690 Total deposits 15,957,201 Deferred availability items 836,114 Other liabilities including accrued dividends 6,086 Boston Phila. 549,943 1,772,030 458,916 616,777 312,54-9 217,625 1,421,216 245,153 169,901 07 ^ *ry'Xl.j*1~ 104,051 545,120 677,793 6,364,978 260,379 57,435 56,966 474,195 8,010 536,042 697,128 100,612 120,038 I6,4l4 938,523 397,826 279,014 1,826,202 316,426 162,162 ?0/.,075 233,006 117,814 35,040 37,653 263 ,072 5/i,-'31 33:556 33?274 46,609 113,850 53,213 43,313 i 4o , 5co 3’ /,125 27,:-,b 35,000 35,oO£' 1,687 20,000 6,734 6,767 4,709 °,2~7 9,053 8,445 807 >897 4l 770 9 >75 2£,712 800,204 7,635,594 193,028 78,880 934,192 1,190,187 492,813 366,747 2,242,643 417,235 231,380 35">,4-74 317,270 66,303 105,168 69,417 31,913 123,319 47,905 19,633 32,144 20,660 972,454 39,736 568 1,886 546 Cleve. Rich. Atlanta Chicago St.Louis Biinn. Krais. Cy. Dallas San Fran. New York 625 433 174 686 201 171 TOTAL LIABILITIES 23,432,593 1,429,595 9,602,538 1,459,957 1,912,757 875,212 616,459 3 ,707 ,£¿4 710,494 421,093 CAPITAL A C C O U N T S 14,940 Capital paid in 14,496 5,453 4,816 140,376 4,298 2,990 11,912 9,344 51,584 Surplus (Section 7) 10,906 22,824 4,925 3.152 15,144 56,447 157,065 14,323 5,247 5,725 Surplus (Section 13b) 7,070 1,429 2,874 1,007 3,244 4,393 26,785 713 533 lsCOG Other capital accounts 0.410 4,561 2,014 2,369 2,016 2,546 3,077 47,850 2,485 13,336 TOTAL LIABILITIES AÎID CAPITAL ACCOUNTS 23,804,669 1,455,204 9,730,975 1,4^4,483 1,947,144 891,170 630,082 3,035,475 722,266 430,709 Commitments to make industrial advances 1,535 2,186 1,679 1,016 32 2 360 35 13,072 1,521 MATURITY DISTRIBUTION OF BILLS AITD S3nUi:iTTSS 1 Year 16 to yi to 61 to 91 days to 6 nonbhs Within to 2 Ye.°.rs 6 montas to 1 Yenr 30 days 60 days 90 days Total 15 days 244 54 152 81 Bills discounted 2,013 1,482 810 1,447 1,504 9,003 1,522 284 567 509 Industrial advances U, S. ^Government securities, 84,000 230,700 43,000 2,104,100 direct and guaranteed 214 225 357 6.0,743 450,214 1,557,667 4,52C. 3,613 n 9-*-33 ^ r.'jo 4,272 3/Z74 1,263 1,933 11,743 10,705 2.121 3 î093 6P0,0l6 461,656 1,585,409 1,039 2 Years to 5 Tears 39 3,628 Over « V.»r—' 2,365 584,000 1,233 ;6or. Form F. R. 283-d FEDERAL RESERVE NOTE STATEMENT ON JUKE 25, 194-1 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Federal Reserve notes1 Issued to F.R. Bank by F.R,Agent Held by Federal. Reserve Bank 6,942,165 567,606 1,84-7,7/5 476,26$ 640,146 332,003 238,249 1,453,65/ 25-3,659 175,206 231,36c- 116,392 604,844 308,973 17,663 75,745 17,349 23,369 19,454 20,624 3 M 3 o 13,506 5,305 11,455 12,34-1 59,724 In actual circulation 6,633,192 549,943 1,772,030 458,916 616,777 31?>549 217,625 1,421,216 24:5,153 169,901 219,911 104,051 545,120 Collateral held by agent as se curity for notes isnued to bank* Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 7 ,063,000 590,000 1 ,865,000 480,000 645,000 350,000 245,000 1,460,000 269,000 177,000 235,000 i::3,000 624,000 1,739 134 963 153 — 58 — — 50 216 165 — — 7,064,739 590,134 1,865,963 4^0,153 645,000 350,058 245,000 1,460,000 269,050 177,216 235,165 123,000 624,000
@FedFRASER