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Form F. R. 283 STATEMENT FOR THE PRESS r Released for publication Friday morning, June 30,l9U i; not earlier* Board o f Governors o f the Federal Reserve System June 29, l^kh CONDITION OF THE FEDERAL RESERVE BANKS During the week ended June 28 member bank r e s e r v e b a la n c e s d ecreased $677,000,000# R ed uctions in member bank r e s e r v e s aro se from d e c re a s e s o f $363,000,000 in Reserve Bank c r e d i t and $8,000,000 in gold sto ck and i n c r e a s e s o f $227,000,000 in T re a s u ry d e p o s i t s w i t h F e d e ra l Reserve Banks and $128,000,000 in money in c i r c u l a t i o n , o f f s e t in p a r t b y d e c r e a s e s of $25,000,000 in T re a s u ry cash and $22,0.0,000 in nonmomber d e p o s it s and o th e r F e d e ra l Reserve a c c c u n ts . Excess r e s e r v e s o f member bar.ks >:n Juno 28 were e stim a ted to be a p p ro x im a te ly $1 , 500, 000, 000. There was a d e cre a se o f $29,000,000 in h o ld in g s o f United S t a t e s Government s e c u r i t i e s ; b i l l s d e cre a se d CI 9 I4, 000,000 w h ile c e r t i f i c a t e s in c r e a s e d $89 , 000,000 laid bonds $6 , 000, 000. Changes in member ba;.k r e s e r v e b a la n c e s and r e l a t e d items durin g the week and the y^ar ended June 2-5, l'^uu, were as; f o l l o w s : I n c re a s e or d e c re a se s in c e June 2Q, June 2 1 , 1944 - June 1944 ■ 30 , 19.43 (In m illio n s o f d o lla rs ) U. S, Govt, s e c u r i t i e s ( i n c l # guar, s e c . ) Loans, d is c o u n t s , and advances Other Reserve Bank c r e d i t 15,081 63 ‘ 230 T o ta l R eserve Bank c r e d i t Gold s t o c k " T re a s u ry c u r r e n c y 15,-423 21,193 4,107 koinbor bunk reserve- b a la n c e s ivioney ir. c i r c u l a t i o n T re a s u ry cash T rea su ry d e p o s i t s w ith F* R. Banks Nonmernbjr d e p o s i t s and o th e r F .R .a c c o u n ts 13,081 22,421 2,314 561 2,347 - 99 - 120 - 144 + 7,379 + 45 76 - 363 3 — + 7,847 -1,195 + 30 + + - . 677 129 25 227 22 + 996 + 5, ooo + 46 + 106 + 536 Fern ¥ % R. 233c Total. Bostöü 1,352,522 1240,867 L I A B I L I T I E S Federa R eserve note Lesosi 555,659 4-7,220 61,114 6,032 555.020 2003,975 70,202 29,449 48,391 189,454 7,207 11,411 44?,964 291,613 . 26-,605 37,138 47,563 55,615 17,32? 7,665 594,057 5 ,H 5 44.50J 5,656 526,900 15,172 44,508 4,295 ,430,197 856,256 130,342 5305,800 259,228 668,025 112,756 642,771 2270,913 73,630 220,080 534,757 570,279 55,681 27,192 647,156 76,267 590,675 49,033 1498,005 17,523 119,257 57,593 1672,561 171,595 12,208 1,134 3,590 297 527 *4o8 326 9775,654 :2200,818 3056,270 2006,078 1810,285 5979,123 1580,623 816,700 I 4 l5 ,l4 l 1106,617 16,156 18,666 5,661 11,361 4,989 5,150 5,427 57,349 4,835 6,351 16,026 70,012 26,490 5,256 4,851 6,550 5,669 4,554 17,859 5,725 3,290 1*Q00' 7,0924,421 1,157 1,507 1,007 - 550 749 1,429 5,4-92 11,686 5,140 5,556 5,997 5,536 4,051 17,357 4,819 9,575 4129,659 15,347 14,159 2,129 4,538 9926,464 :2240,099 5098,834 2026,471 1827,239 6037,399 1403,672 828,847 1429,959 1121,256 4163,382 i c ,613,915 Other l i a b i l i t i e s i n c l u d i n g a c cru e d d iv id e n d s TOTAL LIABILITIES C a p i t a l p a id in S u rp lu s ( S e c t i o n 7) Surplus ( S e c t i o n 13^) Other c a p i t a l a c co u n ts 3f ,893,642 2203,669 158,160 188,097 26,965 78,176 9,910 13,206 2,874 4,279 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 3 ( , 545,040 2238,953 Commitments t o make i n d u s t r i a l loans F.R. n o te s o u ts ta n d in g C o l l a t e r a l f o r F .R .n o t e s h e ld b y F.R. A gents? Gold c e r t i f i c a t e s E l i g i b l e paper U .S .G o v t. s e c u r i t i e s Dallas San Fran. 4oo ,l(J+ô 2235,077 629,745 4522,204 642,063 1022,551 94,012 98,769 62 ,224 57,005 107,213 1/ 605,054 140,562 ’ 155,973 5,261 7,153 279,793 ■ 12,598 ,080,754 U .S .T r e a s u r e r - g e n e r a l a c c t* 560,567 F o reig n 1 ,577,080 Other 400,514 Total d e p o sits STATEMENT QF CONE'ITICI: OF THE FEDERAL RESkRVE BANKS •:•N tfONET 2Gi, 1944 ( In thousands o f d o lla rs ) New York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 4207,056 :1257,423 1663,518 1224,865 1092,799 3436,673 797,650 413,932 691,211 4 ,19 9 ,501,172 1277,157 11,873,000 50,098 7 , 7 7 1 ,1 5 7 8 575 657,41*7 1222,492 85,060 169,2?3 888 1,182 1,682 42 885 434 1,132 — 1,452 48 — 4367,242 :1291,199 1711,882 1261,979 1145,963 3563,665 779.000 2395.000 31,205 5,05-5' 500.000 2000.000 695,000 1015,000 1,553 600,000 700,000 775.000 2,775 500.000 555 725,000 2500,000 ....................... 425,000 1100,000 ------- — 912 334,097 428,823 715,825 496,522 2536,315 575,000 206,000 430.000 250 300.000 256.000 1724,000 250.000 700,000 9,100 — 471,157 225,000 LiATURITY DISTRIBUTION OF LOANS AND SECURITIES T otal D is c -u n ts and advances I n d u s t r i a l lo a n s U. S. Govt, s e c u r i t i e s ( i n c l . guar, s e c . ) 51,543 11,067 15, 080, 561. W ith in 15 days 16 t o 30 days 31 t o 60 days 40,531 10,404 525 19 2,822 23 7,670 219 1, 769, d ii 1 , 198,259 3,434,554 5 , 728,606 l / .after deducting 61 t o days 90 6 months to 1 y e a r 1 to 2 years 172 120 79 1 ,055,000 1,704,371 17,300 9I days t o 6 months 2 to 5 years Over 5 yoa rs 31 1,021,926 1,120,254 $971,710,000 p a r tic ip a tio n s o f oth^r Federal Reserve Banks Form F. R. 233^ Reloused fo r p u b lica tio n Friday morning, June 30»1944; not e a r lie r STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( In thousands o f d ollars) Increase or decrease since June 28, 1944 S S ij T S Gold ce rtifica te s, on hand and due from U. S. Treasury Redemption fund - F,’ R. notes Other cash Total reserves June 21i 1944 June 30, 1943 a Discounts and advances Industrial loans U. S..Govt, se cu ritie s: B ills C ertifica tes Notes Bonds ; Total U. S, Govt, secu rities (in cl, guar. sec,)-' Total loans and secu rities Due from foreign banks F. R. notes o f other banks Uric o lle ctcd items Bank premises Oth„r assets TOTAL ^¿SETS L I a B I L I 18,619,375 ¿U l,8l3 280,560 19,311,718 - 26,995 + 25,009 + 2,069 + 83 -i,5 5 l,3 U i + 353,140 77,027 -1,270,228 51,548 11,067 -119,959 96 + 46,558 - • 1,609 9,051,940 3,331,990 1,182,535 1,1+64,096 -193,950 + 89,000 5,600 +5,236,705 +2, 290,290 + 385,635 34,252 15, 080,561 « 99,350 +7,-873,373 15,143,176 136 86,128 1,709,758 * '34,7-39 59,355 -219,405 -+ 6,801 - 402,226 •45 + 2,159 +7,923,327 1 + ■ 20*580 + 73-,‘740 4,222 2-,-277 36,345,040 -612,633 +6,745,919 18,832,322 +116,521 +4,959 >900 ‘-677,112 +226,443 - .3,253 ■- 19,058 - 472,980 „-258,216 + 996,214 + 105,389 + 462,981 + 32,034 +1, 596,618 + 926 >613,749 + 7,536 +6,719,019 + + 9,524 + 27,686 + 136 - • 10,446 -612,633 +6,745.919 T -'I'E ’S Federal Reserve notes Deposits: Member bank - reserve13,080,754 account; U.S.Treasurer- general account . 560/567 Foreign 1,577,080 Other 4oo,5l4 Total deposits 15, 613,915 Deferred a v a ila b ility items 1,430,197 Other l i a b i l i t i e s including accrued dividends 12,208 TOTa L LIABILITIES 35,893,642 Ca P I T a L ACCOUNT S Capital paid in 153,160 Surplus (S jc tio n 7) 188,'097 Surplus (o je t io n 13b) 26,965 Other ca p ita l accounts 78,176 TOTa L LIABILITIES a ND Ca PITa L ACCOUNTS 36,345,040 Ratio o f to ta l reserves to deposit and F.R.noto l i a b i l i t i e s combined 56. 1% ■ Commitments to make in dustrial loans 4 ; 199 + 60 — — *+ 1,056 • + + ,6$ ‘ 49 + .154,965 17.75S 7,933 Form F. H. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS' CN JOKE 28, I 9I+I* (I n thousands o f d o lla r s ) ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Gold c e r t ific a t e s on hand and due from U.S.Treasury 18,619,375 1136,363 U.U13.525 1037,5U8 1,531,525 1070,31*5 1009,057 3.567,665 Redemption fund-F.R.notes 101,306 5li»726 27,1*11 1*11,813 ; 26,191 30,397 35,911 22,759 Other cash 77,602 2 8 0 ,56O 18,328 22,931 1+1.581 21,1*97 18,303 15,39k Total reserves Discounts and advances Industrial loans U. S. Govt, s e c u r itie s : B ills C e rtifica te s Notes Bonds 19.311,713 1180,882 U ,592,1*33 1089,1*1*2 1, 590,367 1113,650 1050,119 3, 663,972 51.5U8 11,067 9 , 051, 9ho 3,381,990 1, 182,535 1, 1*61*, 096 5,835 1,1*39 31,205 91 300 360 1,553 h,25h 1*1*8,291 3,573,086 51*0, 1*12 253,295 751*, 1*1*1* 27I*, 581 96,009 263,798 90, 311; 326,608 118.868 111,817 2,775 187 618,329 37U,633 378,1*81* 220,079 132, 31*0 76,951 163,850 95,273 50 1*0 — — Minn. Kans.Cy. Dallas San Fran. 710,1*88 390,382 28,79ù 11,309 12,929 5,61*1; 721,671* 11*, 577 12,097 1*82,67 5 2.,51*7,628 13,078 1*5,35Ù 9,301 21*, 953 752,211 1*07,335 71*8,31*8 505,051* 2 ,617,935 -226 230 25 9,100 — 328,561* 1, 1*23,163 287,612 196,859 29l*,636 192,570 363.916 157,182 103,276 177,920 36,112 •62,208 127, 21*1* 51;,961 67,335 77,020 68,01*7 1*1*. 711 83,3£7 157,5lil — — 261*,1*88 159,361* 55,723 68,991 500 3M 5 701,867 31*1,879 119,51*0 11*8,003 Total ü. S. Govt, s e cu ritie s ( i n c l # guar, s e c .) 15,080,561 908,717 1*,917,936 1029,870 1293,003 766,936 671,836 2,071,861* 567,802 380,958 611,781* 5^8,566 l>31l,289 Total loans and s e cu rities 915,991 h , 9^9,232 1036,177 1,293,663 769,898 671,92 6 2,071,861* 576,902 381,181; 612,039 5l;8*,566 1 ,315,731; 1* 3 5,926 2,769 63,515 31*, 1*33 1,266 2,01*3 1,857 3.071 1* 6,567 57,220 2,706 3,075 Due from foreign banks *\R.notes o f other banks Uncollected items Bank premises Other assets TOTAL ASSETS 15,11*3,176 136 86,128 1,709,758 3U.739 59,355 10 1,61*9 13U, 559 1,638 1*,209 1 / ' h9 H*,812 350,373 9,022 12,51*3 12 2,899 103, 1*66 3,528 4,575 12 6 10, 1*30 3,037 200,623 125,279 I*. 158' 2,89U . 6, 971* U.31U 1* 7,537 92,690 1,632 3,331 17 9.51*5 282,61*9 2,912 6,1*1*0 1* 3,030 60,933 955 2, 691* 11 17,927 20l*, 018 1.985 6,272 36, 31*5, 01*0 2238,938 9 , 928, 1*61* 221*0,099 3, 098, 83!; 2026,1*7.1 1827,239 6.,037,399 11*03,672 828,81*7 11*29,959 1121,236 1*, 163,882 l / . a f t e r deducting $37,000 p a rticip a tion s o f other Federal Reserve Banks.
@FedFRASER