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Form F. ?.. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, Ivlay 2; not earlier. Board of Governors of the Federal Reserve System ¿'ay 1 , 19-41 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended April 30 menber bank reserve balances increased 118,000,0C0, Additions to member bank reserves arose from increases of $ 239000,000 in gold stock and $4,000,000 in Treasury currency, and decreases of $82,000,000 in Treasury deposits with Federal Reserve Banks and $16,000,000 in Treasury cash, offset in part by a decrease of $5,000,000 in Reserve Bank credit and increases of $79,000,000 in money in circulation and $21 ,000,000 in nonnenber deposits and other Federal Reserve accounts. Excess reserves of member bonks on April 30 v;ere estimated to be approximately $5,770,000,000, an increase of $ 10 ,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year unded April 30 , 1941; were as follows» Increase or decrease since April 30, 1941 April 23, 1941 Hay 1 , 1940 (in millions of dollars) Bills discounted U. S. Government direct obligations U, S. Government guaranteed obligations Industrial advances (not including 8 million commitments - April 30) Other Reserve Bank credit 2 2,179 5 — — — 1 - 278 5 8 ¿0 + 1 - 6 Total Reserve Bonk credit Gold stock Treasury currency 2,234 22,505 3,122 - 5 + 23 + 4 266 ,734 +3 + 122 Member bank reserve balances Money in circulation Treasury cash Treasury deposics with F. R. Banks Nonmember deposits and other F. R. accounts 13,524 9,071 2,283 865 2,118 + + + + 654 +1,501 - 10 + 375 +1,069 18 79 16 82 21 ■M H« 1 19 ■, Porto ?. P. 283-a Released for publication Friday morning, May 2, 1941; not earlier, STATELIEST OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Kay 1 , April 23, April 30, 1940 1941 1941 ASSETS Gold certificates on hand and duo iron U, S.Treasury +3,749,754 20,192,732 + 33,003 + + 632 1,499 Redemption fund - F. R. notes 11,139 50,518 Other cash - 4,754 329*444 Total reserves + 2£,8L1 +3,700,735 20,533,315 Bills discounted* Secured by U. S. Gov*t obligations, + 1,286 665 direct and guaranteed 331 Other bills discounted + ... 32 ___________§22 _ 750 'Total bills discounted 1,918 299 + 58 Industrial advances 1,784 7,549 U, S. Government securities, direct and guaranteed* + 1,363,800 Bonds 26,305 - 308,925. 820,300 Notes Total U. S. Qovernnent securities., ---- 282,620 direct and guaranteed 2,184,100 Total bills and securities Due froLi foreign banks F. ?.. notes of other banks Uncollected items Bank pranises Other assets TOTAL ASSETS L I A B I L I T I E S F. P.. notes in actual circulation Deposits: Menber b,\nk - reserve account U. S. 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 241 - __ 285,154 — 588 + + 159,232 1,623 - 10,296 23,685,967 “ 844 - 1,780 67 + 1*692 + 27,642 6,282,368 + 64,401 +1,336,368 13,523,857 865,436 1,251,130 579,092 16,219,515 807,230 + 18,134 - 81,362 - ::i,249 +.41*462 - 41,015 + 3,470 + 653,941 + 375,330 + 893,918 + 143,180 +2,066,369 + 140,189 5,156 23,314,269 + 585 + 27,441 1,092 + +3*544,518 140,240 157,065 26,785 47,608 23,685,967 + + 4,127 + 5,345 54 9,546 + +3,563,482 +3,563,482 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 ?. h. note liabilities combined Corraitnents to nake industrial advances 2,193,567 47 22,339 847,561 39,910 49,228 91.3$ 8,464 183 — — + 18 + .27,642 + + ,155 3 + Mf 3.2$ 761 Form F. R. 28>-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil APRIL 30, 19/1 (in thousands of dollars) ASSETS Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 20,192,732 1,21/,645 9,397,561 1,188,307 l,/39,099 651,881 418,09/ 3,10/,18/ /66,810 323,798 467,631 301,685 1,219,037 Redemption fund - F.R.notes 11,139 608 1,530 1,132 923 1,886 1,025 1,296 /53 185 201 877 1,023 Other cash ?29,44/ 24,081 77,500 26,738 23,026 22,355 26,2/2 39,/97 17,665 6,579 17,791 14,521 33,//9 Total reserves 20,533,315 1,239,33/ 9,/76,591 1,216,177 1,463,048 676,122 4/5,361 3,14/,977 484,928 330,562. 485,62.3 317,083 1,253,509 Bills discounted: Secured by U. S. Gov*t obligations, direct and guiiranteed 1,286 Other bills discounted 632 — 4o0 137 62 52 150 39 114 2,385 189 271 — 85 47 10 85 847 57 250 59,247 35,637 Total bills discounted 1,918 Industrial advances 7,549 U. S. Government securities > direct and guaranteed1 1 ,363,800 Bonds 820,300 Notes 175 801 617 1,729 98,54/ 59,273 389,312 234,163 108,110 65,027 136,462 75,859 82,079 45,627 Total Ü. S. Gov't securities, direct and fcuaranteed 2,184,100 157,817 623,475 173,137 iotal bills and securities 2,193,567 Due from foreign banks 47 F. R. notes of other banks 22,339 Uncollected items 847,561 Bank premises 39,910 Other assets 49,228 158,793 3 631 80,716 2,815 3,315 625,821 18 2,153 204,836 9,707 13,172 175,636 TOTAL ASSETS 5 1,100 58,608 4,607 4,910 21 87 — CO 0 H 175 3/4 — 35 189 108 32 161 10 38 35 297 351 193 71 48 276 — 224 156,506 63,283 41,178 66,277 54,979 94,136 38,062 24,769 39,863 33,068 114,043 68,596 218,541 121,486 94,884 250,6/2 101,345 65,947 106,1/0 80,047 182,639 219,001 122,418 95,191 2 2 4 2,827 1,558 5,647 101,195 69,050 35,337 4,537 2,580 1,977 5,258 2,948 2,039 251,09/ 101,380 66,595 106,404 88,371 * 1 1 Os 1 208 717 1,134 2,478 1,536 131,281 43,616 16,519 36,017 26,336 2,995 1,196 3,018 2,305 1,357 2,274 2,082 1,504 5,248 2,083 182,863 4 2,350 44,050 2,816 4,395 23,685,967 1,485,607 10,332,298 1,461,043 1,794,601 878,767 582,734 3,538,102 635,849 416,745 634,448 435,786 1,>489,987 *Less than $500. Forni F»l. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 30, 19/1 (in thousands of dollars) ABILITI Total F. R. notes in actual cir culation 6 ,2823,368 Deposits: Uenber bank-reserve acct, 13,523,857 U.S.lreasurer-General acct. 865,-436 Foreigp. I,251jl30 Other deposits 579,092 Total teposits 16 ,219,515 Deferred availability items 807,230 Other liabilities including accrued dividends 5,156 TOTAL LIABILITIES c a p i t a l 3oston New York Phila. 512,330 1,655,902 434,168 101,546 514,681 775,371 6,713,452 439,934 23,704 749,188 56,469 7,7S2 460,152 787,493 43,851 75,403 24,948 240,539 30,318 22,543 3,533 796,335 23,177 59,131 29,754 868,326 8,362,726 78,822 184,129 59,502 296,933 25,719 908,397 38,989 1,207 1,184 162 243 509 deve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 71,516 33,426 8,008 7,848 419 357 27,207 6,218 122 509 142 150 152 23,314,269 1,4-59,987 10,203,964 1,426,549 1,760,231 862,871 569,155 3,490,465 624,119 407,060 62.3,198 424,360 1,462,310 a c c o u n t s Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts l40,2.40 157,065 26,785 47.608 9,351 10,906 2,874 2,489 51,594 56,447 7,070 13,223 11,901 15,144 4,393 3,056 14,478 14,323 1,007 4,562 5,428 5,247 3,244 1,977 4,798 5,725 713 2,343 14,908 22,824 1,429 8,476 4,281 4,925 533 1,991 3,006 3,152 1,000 2,527 4,508 3,613 1,138 1,991 4,270 3,974 1,263 1,919 11,717 10,785 2,121 3,054 TOTAL UTILITIES AND 23,685*967 1,485,607 10,332,298 1,461,043 1,794,601 878,767 582,734 3,538,102 635,849 416,745 634,448 435,786 1,489,987 CAPITAL ACCOUNTS Commitments to make industrial 21 285 1,656 889 — 6 308 43 30 1,411 3,641 174 8,464 advances MATURITY DISTRIBUTION OF BILLS JKD SECUr.ITIES 16 to Within 31 to 61 to 91 days to 6 months 1 Year2 Years to Over 6 months to 1 Year to 2 Years5 Years 30 days 60 days 90 days Total 15 days 5 Years 95 162 177 36 — 1,918 1,425 23 Bills discounted 2,128 — 981 157 139 992 1,172 1,833 147 7,549 Industrial advances U. Sj Government securities, 686,400 1,176,600 57,000 127,500 136»3oO 2,184,100 diraofc and guaranteed Fora F. R. 23>-d FEDERAL RESERVE HOTE STATEMENT OU APRIL 30, 1941 (In thousands of dollars) Total Boston Nav; York Phila. Cleve. Rich. Atlanta. Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.Bank by F.R.Agsi^ Held by Federal Reserve Bonk 6, 574,463 531,130 1,728,132 454,183 602,715 312,014 226,715 1,387,897 251,233 170,187 225,940 112,216 572,101 292,095 18,800 72,230 20,015 22,595 15,056 17,981 30,606 13,267 4,7/1 8,714 10,670 57,420 In actual circulation 6 ,282,368 512,330 1,655,902 434,168 580,120 296,958 208,734 1,357,291 237,966 165,¿46 217,226 101,546 514,681 Collateral held by agent as se curity for notes issued to bank: Gold certificates on hand and due t-roia U. S Treasury Eligible paper ” Total collateral 6,675,000 550,000 1,740,000 460,000 604,000 325,000 235,000 1,400,000 259,000 171,000 230,000 117,000 584,000 1,512 ' 175 617 114 — 85 — — 35 297 189 — — 6,676,512 550,175 1,7/0,617 460,114 604,000 325,085 235,000 1,400,000 259,035 171,297 230,189 117,000 584,000
@FedFRASER