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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, May 16; not earlier. Board of Governors of the Federal Reserve System May 15, 194-1 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended Way 14 member bank reserve balances increased §18,000,000* Additions to nember bank reserves arose from increases of ¿13,000,000 in cold stock, $10,000,000 in Reserve Bank credit and $-4,000,000 in Treasury currency, and decreases of $42,000,000 in Treasury deposits with Federal Reserve Banks and $9,000,000 in Treasury cash, offset in part by increases of ¿55,000,000 in noiuiember deposits and other Federal Reserve accounts and $4,000,000 in money in circulation. Excess reserves of member banks on May 14 were estimated to be approximately $5 ,690,000,000, a decrease of $20,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended May 14, 1941, srere as follows* Increase or decrease since May 14, 1941 May 7, 1941 î.ïay 15, 1940 (In millions of dollars) - 1 085 5 + 10 + 1 13 2,239 22,538 3,129 + 10 + 13 + 4 279 +3 ,589 + 12.5 13,458 Member bank reserve balances Money in circulation 9,155 2,283 Treasury cash Treasury deposits with F. R. Banks 762 Nonmember deposits and other F. R. accounts 2,248 + 18 + 4 Oy - 42. + 55 + •>.64 +1 ,557 + 60 + 337 +1,116 Bills discounted 2 U. S. Government direct obligations 2,179 U. S. Government guaranteed obligations 5 Industrial advances (not including 1], million com; itnents - May 14) 8 Other Reserve Bonk credit 45 + 1 Total. Reserve Bank credit Gold stock Treasury currency — — Form F, P., 2&3*-a Released for publication Friday norning, May 16,1941; not earlier, STATEMENT OP CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Hay 15, May 14, Kay 7, 1940 1941 1941 ASSETS Gold certificates on hand and due from U. S. Treasury 20,222,732 + 19,960 +3,530,757 Redemption fund - F. R. notes 40 10,144 + + 1,055 Other cash - 50,538 328,073 +-11*071 Total reserves 20,560,949 + 33,071 +3,481,274 Bills discounted» Secured by U. S, Gov’ t obligations, direct and guaranteed 4 854 + + 174 Other bills discomrbed 650 + 9 1,492 Total bills discounted 1,504 + 1,31S 13 Industrial advances 1,200 8,092 + 33 U* S. Governnent securities, direct and guaranteed» Bonds 1 ,363,800 + 18,955 Notes 820,300 - 308,925 Total U. S. Government securities* direct and rruaranteed — - 289,970 2,184,100 — Total bills and securities Due fror, foreign banks F. ?.. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S F. P.. notes in actual circulation Deposits» Member bank - reserve account U.S. Treasurer - General account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES S.ALLlAk 15 COUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES JiND CAPITAL ACCOUNTS Ratio of total reserves to deposits and F. R. note liabilities combined Commitments to make industrial advances + 46 2,193,696 47 27,083 1,017,150 40,067 50,171 - 292,488 + 3,072. +241,952 + 164 + 1,314 + + 23,889,163 +279,619 +3,410,565 6,359,671 + 15,794 +1,390,936 13,457,866 761,624 1,235,048 725,782 16 ,180,320 971,989 + 18,168 - 42,317 + 8,493 + 46,842 + 31,186 + 232,000 + 364,192 + 336,990 + 834,118 + 248,896 +1,784,196 + 215,784 5,504 23,517,484 + 611 +279,591 + 1,004 +3,391,920 140,272 157,065 26,785 47,557 23,889,163 + + + + 10 +279,619 4,164 5,345 54 + 9,190 +3,410,565 91.256 10,945 + + + --- --- 18 — — .1% 123 5,828 229,026 1,486 - 11,589 3.0% 2,012 Form F. R. 28>-b STATEMENT OF OOHDITIOII CF THE FEDERAL RESERVE BA1IK& ON 'MAI 14, 1941 (in thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chic. 0 St.Louis Minn. Kans.Cy. Dallas San Fran. V Gold certificates cn hand and due from U.S.Treasury 20,222,732 1,216,879 9,283,376 1,184,542 1,459,513 656,439 430,329 3,126,736 463,742 326,940 466,991 315,375 1,290,870 Ç*/’ 556 Redemption fund - F.R.notes 10,144 1,315 1,059 861 1,438 999 1,235 440 178 3.91 1,004 Other cash 328,073 22,810 77,577 25,944 21,599 £2,397 27,607 39,623 17,012 6,000 17,991 15,183 34,330 6 -JO Total reserves 20,560,949 1,240,245 9,362,268 1,211,545 1,481,973 68C»,274 458,935 3,167,594 481,194 333,115 485,173 332;425 1,326,204 Bills discounted; Secured by U. S, Gc,v!t obligations, — direct and guaranteed 854 21 332 35 32. 37 200 87 85 25 169 56 Other bills discounted 650 108 82 10 147 35 43 — 201 Total bills discounted 1,504 10 184 440 25 35 43 235 85 103 143 248 222 276 844 389 71 2,872 1,729 291 351 Industrial advances 8,092 799 U.S. Government securities, direct and guaranteed: 156,506 63,283 41,178 66,277 54,979 114,043 98,544 389,312 108,110 136,462 75,859 59,247 Bonds 1,363,800 94,136 33.062 24,769 39,863 33,068 68,596 234,163 82,079 45,627 35,637 Notes 820,300 59,273 Total U. S. Gov*t securities, direct and ^oi anteed 2.184,100 157,817 623,475 173,137 218,541 121,486 94,884 250,642 101,345 65,947 3.06,140 8G,c47 182,639 Total bills and securities p -jq^ 158,641 625,644 176,152 219,067 122,415 95,142 182,861 3 533 99,971 2,815 3,400 18 2,364 239,570 9,798 13,723 5 1,415 68,043 4,664 4,407 2 4 2 1,732 7,060 3,011 139,780 79,185 37,319 2,604 1,977 4,537 5,387 3,085 2,104 251,096 101,380 66,537 106,395 38,366 *1 * 6 1 1,526 541 960 3,503 1,462 155,853 56,075 21,299 37,894 ^3 j0?9 3,018 <¿,305 1,357 2,980 1,196 5,388 2,331 1,526 2,357 3,3-31 Due from foreign banks 47 F. R. notes of other banks 27,083 Uncollected items 1,017,150 Bank premises -¿¡0,067 Other assets 50,171 TO.TAL ASSETS 4 2,976 49,122 2,816 4,512 23,8395163 1,505,608 10,253,385 1,466,231 1,852,480 894,625 598,490 3,536,458 644,568 424,797 636,326 457,700 1,568,495 *Less than ¿500. Forra F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH HAY 14, 1941 (in thousands of dollars) L I A B I L I T I E S Potal F. R. notes in actual cir culation 6,359,671 Deposits t Member bank-reserve acct. 13 *4575866 U.S.Treasurer-General acct. 761,624 Foreign 1,235,048 Other deposits 725,782 Total deposits 16,180,320 Deferred availability items 971,989 Other liabilities including accrued dividends 5,504 Boston New York Phila. 520,077 1,670,915 -439,843 589,477 300,240 209,863 1,379,231 239,090 167,698 218,186 101,292 523,759 749,485 6,567,209 41,167 361,934 55,065 715,284 17,381 594,463 767,946 50,772 73,663 23,654 973,414 433,864 281,368 1,836,518 278,194 178,014 294,702 254,729 55,132 26,031 23,638 43,586 30,070 47,409 23,318 22,204 28,383 97,314 74,608 34,871 24,329 17,841 23,518 23,518 4,926 9,788 9,009 8,997 3,541 6,401 6,372 8,354 842,423 36,363 61,654 32,896 863,098 8,238,890 213,682 96,292 921,035 1,101,803 500,407 338,356 X,’ 993,890338,342 228,502 370,803 311,858 70,255 126,289 77,653 36,537 165,064 55,214 18,731 35,896 32,930 973,336 43,446 1,563 526 609 Cleve. 559 Rich. Atlanta Chicago iSt.Louis Minn. Kans.Cy. Dallas iSan Fran. 150 413 649 185 184 196 195 275 TOTAL LIABILITIES 23,517,484 1,479,993 10,125,050 1,431,742 1 ,818,128 878,713 534,906 3,538,834 632,831 415,115 625,081 446,275 1,540,816 CAPI T A L A C C O U N T S 14,917 4,288 3,002 4,513 4,270 11,717 14,478 5,433 4,802 9,354 11,905 Capital paid in ■51,593 140,272 3,152 3,974 22,324 10,785 5,247 5,725 4,925 3,613 10,906 56,447 15,144 14,323 /Surplus (Section 7) 157,065 2,121 1,000 1,133 1,263 1,429 3,244 1,007 713 533 7,070 2,874 4,393 Surplus (Section 13b) 26,785 1,981 2,528 1,918 3,056 1,988 8,454 2,344 1,991 4,544 2,481 3,047 13,225 Other capital accounts 47,557 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23 . ComnitEents to make industrial advances 10,945 Bills discounted Industrial advances U. S. Government securities, direct and guaranteed 10,253,385 1,466,231 1,852,480 894,625 598,490 3,586,458 644,568 424,797 636,326 457,700 1,568,495 172 Within Total 15 days 1,504 928 8,092 1,439 2,134,100 26 6 41 322 1,671 1,053 2,284 13 MATURITY DISTRIBUTION OF BILLS ¿IIP SECURITIES 31 to 61 to 91 days to 6 months 1 Year 2 Years to 16 to to 1 Year to 2 Years 6 months 5 Years 60 dears 90 days 30 days 223 14 96 162 81 2,093 1,787 1,189 623 146 549 266 1,636 — 57,000 — 127,800 136,300 21 Over 5 Years 686,400 1,176,600 3,700 Form F. R. 283—d FEDERAL RESERVE NOTE STATEMENT ON MAY l4r 1941 (ln thousands of dollars) Total Boston New York Phila. Federal Reservo notes* Issued to F.R. Bank by F.R.Agent Held by Federal Reserve Bank In actual circulation Cleve. Rich. Atlanta Chic Ago St.Louis Minn. Kans.Cy. Dallas San Fran. 6,682,910 541,729 1,754,410 459,779 614,395 317,908 231,606 1,414,297 253,830 173*391 226,826 112,075 582,664 323,239 21,652 83,495 19,936 24,918 17,668 21,743 35,056 14,740 5,693 C,640 10,783 58,905 6,359,671 520,077 1,670,915 439,843 589,477 300,240 209,863 1,379,231 239,090 167,698 218,186 101,29^ 523,759 Collateral held by agent as se curity for notes issued to bank* Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 6,810,000 550,000 1,765,000 470,000 615,000 350,000 235,000 1,440,000 269,000 174,000 230,000 118,000 594,000 1,098 25 440 144 *— 85 — — 35 188 181 -— 6,811,098 550,025 1,765,440 470-144 615,000 350,085 235,000 1,440,000 269,035 174,188 230,181 118,000 594,000.
@FedFRASER