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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, June 28; not earlier• Board of Governors of the Federal Reserve System June 27, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 26 member bank reserve balances increased $11,000,000* Additions to member bonk reserves arose from an increase of $102,000,000 in gold stock and a decrease of $18,000,000 in Treasury cash, offset in part by a decrease of $28,000,000 in Reserve bank credit and increases of $39,000,000 in money in circulation, $3,000,000 in Treasury deposits with Federal Reserve banks and $41,000,000 in ncmmember deposits and other Federal Reserve accounts. Excess reserves of member banks on June 26 were estimated to be approximately $6,800,000,000, an increase of $30,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended June 26, 1940, were as followsI Increase or decrease since June 26, 1940 June 19, 1940 June 28, 1939 (In millions of dollars) Bills discounted Bills bought U. S. Gov't securities,direct and guaranteed Industrial advances (not including 9 million commitments - June 26) Other Reserve bank credit 2 2,473 9 27 Total Reserve bank credit Gold stock Treasury currency 2,511 19,871 3,012 Member bank reserve balances Money in circulation Treasury cash Treasury deposits *&th F. R. bonks IJonmember deposits and other F. R. accounts 13,723 7,780 2,186 301 1,405 • - • - • • — — - 3 1 78 + 3 29 - 27 28 + 102 + 1 56 +3,778 + 133 + + +3,607 + 818 - 373 - 661 + 46 5 - + + 11 39 18 3 4l Form FR~283~a Released for publication Friday morning, June 28,1940; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since June 26, 1940 June 19, 1940 June 28, 1939 A S S E T S Gold certificates on hand and due from U# S. TreasuryRedemption fund - F. R # notes Other cash 17,653,476 10,862 378.780 +117,001 329 + 7,757 +4,147,757 + 2,549 + 11,423 Total reserves 18,043,118 +124,429 +4,161,729 Bills discounted* Secured by U. S. Gov!t obligations, direct and guaranteed Other bills discounted 704 1,557 + + 13 56 - 871 2,238 Total bills discounted 2,261 + 69 - 3,109 556 3,465 Bills bought in open market Industrial advances U # S # Government securities, direct and guaranteed* Bonds Notes Bills _ — — 36 8,975 - + 1,343,1*3 1,130,125 — - - - - - - 432,093 45,984 463,438 Total U. S # Government securities* direct and guaranteed 2,473,308 Total bills and securities 2,484,544 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 18,489 656,231 41,490 54,057 - 2,153 -148,995 46 + 1,038 - 21,297,976 - 25,694 +4,155,586 5,144,450 + 40,534 + 13,722,819 300,610 658,679 480,897 + 10,586 + 2,398 - 1,149 + 42,410 15,163,005 + 54,245 629,569 -121,293 5,786 20,942,810 + 485 - 26,029 T O T A L A S S E T S + 33 — — 77,329 - 84,459 _ + - + 120 397 72,409 915 7,339 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 bank Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends T O T A L L I A B I L I T I E S C A P I T A L +3,607,075 661,484 + 307,584 + 154.764 - +3,407,939 + 43,771 - 880 +4,145,974 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 Commitments to make industrial advances 695,144 137,103 151,720 26,839 39,504 21,297,976 88.8% 8,762 + + - 25,694 2,066 2,568 — 425 + 5,403 +4,155,586 + .1% + + - + 6 — + — 329 175 3.155 2,413 Form FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAIIKS 01! JU1IE 26, 1940 (In thousands of dollars) A S S E T S Total Qold certificates on hand and due from U.S. Treasury17,653,476 Redemption fund - F.R.notes 10,862 Other cash 378,780 Total reserves Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cv, Dallas 990,878 8,845,071 2,055 1,311 106,127 32,535 924,841 1,111,726 443,334 320,941 2,748,468 411,249 259,486 356,085 233,062 1,008,335 1,250 698 477 1,341 291 695 414 1,605 531 194 24,036 4,972 20,439 13,520 49,630 18,412 20,880 27,220 30,205 30,804 18,043,118 1,025,468 8,952,509 956,059 1,139,644 468,975 342,112 2,799,348 430,138 264,989 376,718 247,,277 1,039,881 Bills discountedi Secured by U. S. Gov't obligations, direct and guaranteed 704 Other bills discounted 1,557 152 30 120 242 82 40 73 31 50 120 15 149 71 10 Total bills discounted 2,261 182 362 122 104 170 81 Industrial advances U. S. Government securities direct and guaranteedt Bonds Notes 8,975 1,145 2,004 2,563 337 893 164 245 327 1,343,183 1,130,125 97,929 82,395 402,946 339,030 107,282 90,267 137,361 115,573 68,495 57,630 56,708 47,712 146,973 123,659 Total U.S. Gov't securities direct and guaranteed 2,473,308 180,324 741,976 197,549 252,934 126,125 104,420 270,632 113,299 Total bills and securities 2,434,544 181,651 744,342 200,234 253,375 127,188 104,829 271,040 113,414 74,840 114,523 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 18,489 656,231 41,490 54,057 3 562 58,94-1 2,866 3,627 18 1,624 171,610 9,820 15,468 5 908 48,930 4,509 4,423 T O T A L A S S E T S San Fran. 4 1,332 77,589 5,473 6,085 2 2,362 52,587 2,507 3,210 2 2,019 22,710 2,012 2,179 6 2,051 91,686 3,362 5,550 - — 115 80 121 22 334 39 293 115 201 356 332 225 95 473 72 668 40,412 61,949 34,002 52,123 51,705 43,505 109,893 92,460 74,414 114,072 95,210 202,353 61,530 51,769 1 1,269 26,532 2,344 2,300 * 1,216 16,828 1,384 1,655 96,015 1 1 1,443 435 30,764 22,067 1,146 3,165 2,426 2,369 72 203,093 4 3,268 35,987 2,902 4,765 21,297,976 1,273,118 9,895,391 1,215,068 1,483,502 656,831 475,863 3,173,04-3 575,998 360,912 528,983 369,367 1,289,900 *Less than $500. Form FR-283~c STATMENT OF CONDITIO!! OF THE FEDERAL RESERVE BANKS ON JUNE 26, 1940 (In thousands of dollars) L I A B I L I T I E S Total Boston Hew York F. R. notes in actual circulation 5 , 144- ,450 423,039 1,369,821 Deposits* Member bank-reserve acct,13,722,319 701,362 7,524,016 U.S.Treasurer-General acct, 300,610 10,139 93,433 Foreign bank 658,679 47,699 229,788 Other deposits 480,897 8,100 395,267 Total deposits 15,163,005 Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 629,569 5,786 521 9,333 10,405 2,874 1,940 Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 357,690 467,804 226,226 164,716 1,121,633 194,294 142,188 186,598 79,795 410,646 674,262 19,115 65,183 17,024 813,533 314,394 228,925 1,800,942 302,540 155,834 265,745 217,238 19,001 20,668 17,435 28,552 15,476 18,599 17,191 16,937 61,858 28,601 23,280 79,817 19,954 14,633 19,209 19,954 10,603 2,241 5,834 3,731 5,615 6,288 518 2,549 724,028 24,064 48,623 23,127 775,584 48,148 904,995 365,904 275,474 1,913,042 343,585 195,354 302,743 256,678 76,771 49,124 22,555 92,627 26,938 13,971 28,884 21,377 819,842 32,684 1,687 713 203 603 214 638 188 159 210 278 372 51,033 53,326 7,109 11,127 11,903 14,198 4,393 2,439 14,020 14,323 1,007 3,979 5,280 5,247 3,246 1,601 4,639 5,725 713 1,827 13,682 22,824 1,429 7,168 4,139 4,709 538 1,636 2,956 3,152 1,001 2,102 4,382 3,613 1,142 1,343 4,121 3,974 11,615 10,224 1,266 2,121 1,946 2,396 21,297,976 1,273,118 9,895,391 1,215,068 1,483,502 656,831 475,863 3,173,043 575,998 360,912 528,983 369,367 1,289,900 Commitments to make industrial advances 8,762 Total Bills discounted Industrial advances U.Js. Government securities, direct and guaranteed Cleve, 20,942,810 1,248,566 9,772,796 1,182,135 1,450,173 641,457 462,959 3,127,940 564,976 351,701 518,503 358,060 1,263,544 C A P I T A L A C C O U N T S Capital paid in 137,103 Surplus (Section 7) 151,720 Surplus (Section 13b) 26,839 Other capital accounts 39,504 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 767,300 8,242,504 57,706 158,784- Phila, 2,261 8,975 2,473,308 267 Within 15 days 1,171 2,057 820 1,137 1,170 681 511 17 361 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 16 to 30 days 31 to 60 days 178 182 98 352 61 to 90 days 214 218 91 days to 6 months 6 months to 1 Year 56 1 Year to 2 Years 159 - - 2 Years to 5 Years 3,583 Over 5 Years 6 510 641 1,070 1,592 2,947 105,974 177,219 188,020 734,608 1,267,487 Form FR-283-d FEDERAL RESERVE HOTE STATEMENT Oil JUKE 26, 1940 (In thousands of dollars) Total Boston Mevr York Phila. Cleve. Rich. Atlanta Chicago St • Louis Minn* Kans» Cy» Dallas San FVan® Federal Reserve notes* Issued to F.R. bank by F.R.agent Held by Federal Reserve bank 5,452,808 443,150 1,458,934 374,549 489,215 243,108 179,357 1,163,193 203,896 147,879 196,319 87,461 465,747 308,358 20,111 89,113 16,859 21,411 16,882 l4,64l 41,560 9,602 5,691 9,721 7,666 55,101 Ift qctual circulation 5,144,450 423,039 1,369,821 357,690 467,804 226,226 164,716 1,121,633 194,294 142,188 186,598 79,795 410,646 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U # S. Treasury Eligible paper Total collateral 5,557,500 460,000 1,485,000 385,000 490,000 250,000 185,000 1,170,000 209,000 148,500 200,000 91,000 484,000 1,434 182 362 114 - 120 - - 105 201 350 - - 5,558,934 460,182 1,485,362 385,114 490,000 250,120 185,000 1,170,000 209,105 148,701 200,350 91,000 484,000
@FedFRASER