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ïo ra F, R, 283 STATEMENT FOR THE PRESS Board o f Governors o f the Federal Reserve System May 18, 1944 R eleased f o r p u b l i c a t i o n F r id a y morning, May X9I not e a r lie r * CONDITION OF THE FEDERAL RESERVE BANKS During th e week ended May 17 member bank r e s e r v e b a la n c e s in c r e a s e d $257 »000, 000, a d d i t i o n s to member bank r e s e r v e s a ro se from i n c r e a s e s o f $6c9»000,000 in Reserve Bank c r e d i t and $2,000,000 in T re a s u ry c u r r e n c y and a d e c r e a s e o f $35,000,000 in T re a s u ry c a sh , o f f s e t in p a r t b y a d e cre a se o f $21,000,000 in j o l d s to c k and 'in c r e a s e s o f $121,000,303 in money in c i r c u l a t i o n , $183,000,000 in T re a s u ry d e p o s i t s with F e d e ra l Reserve Banks and $126,000,000 in nonmember d e p o s i t s and o th e r F e d e ra l Reserve a c c o u n ts . E xcess r e s e r v e s o f member banks on May 17 were e s tim a te d t o be a p p ro x im a te ly $900,000,000« There was an i n c r e a s e o f $559*000,000 in h o ld in g s o f U nited S t a t e s Government s e c u r i t i e s : b i l l s in c r e a s e d $ 550 , 000,000 and c e r t i f i c a t e s $10 , 000, 000* ‘ Changes in member bank r e s e r v e b a la n c e s and r e l a t e d , items d u rin g th e week and -the y e a r ended May 17, 1944, were as fo llo w s } I n c re a s e or d e c r e a s e s in c e May 17, 1944 , May 10, May I 9 , 1944 194,3 (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, Loans, d is c o u n t s , and advances Other Reserve Bank c r e d i t se c ,) 13.808 16U 409 + 559 + 17 + 9 2 +7,770. + 1I4I + 3 6 T o ta l Res erire Bank c r e d i t Gold s to c k T rea su ry c u r r e n c y 14,382 21,354 + 669 21 2 +7,948 - 1,101 + 4 8 Member bank r e s e r v e b a la n c e s Money in c i r c u l a t i o n T r e a s u r y cash T re a s u ry d e p o s i t s w i t h Ff R, Banks Nonmcmber d e p o s i t s and o th e r F ,R ,a c c o u n ts 12,986 21,846 + 257 + 121 +1,104 +5,051 4,099 2,298 397 2,308 + 3 5 + 183 +126 + 3 4 .+ '+ 18 688 Form F. R. 283c STATEMENT )F CONDITION OF THE FEDERAL RESERVE 3, M S JN MAY 1 7 , 1941+ (In thousands o f d o lla r s ') Minn. Boston New York P h ila .. C leve. R ic h . A t l a n t a Ch icago S t . Louis 780,189 1+11,552 Kans.Cy.Dallas San. Fran. 663 ,598 1+1+7 ,831 2151 ,663 451,1,00 288,612 16,855 13,337 1+6,996 33,352 9,822 10,729 590,942 532,375 1463,676 15,195 17,601 67,215 1+3,96k1+3 ,961+ 118,333 2,651 2,915 36,406 525,980 345,623 61,544 28,294' 652,J752 72,473 596,855 52,059 1685,630 217,556 305 303 710 10, 6:6 2123,761 2C::9,717 >944,413 1915,417 1734,001 5866,579 9,338 5,582 18 ,2 10 6,297 57,791 11,346 16,074 13,206 16,026 5*236 26 1+90 70,012 17,859 5,725 2,8?4 7,092 4,421 3,290 1,007 749 1,429 3,874 16,265 4,718 8,865 4,564 11,279 5,253 1368,006 785,729 1394,128 1097,043 4,829 5,422 5,119 4,925 6,550 5,669 4,554 4,851 530 1,000 1,137 1,307 3,127 3,887 3,692 5,255 4055,359 13,176 14,159 2,129 4,199 'CaJtITaL accounts 35,534,998 2119,559 9861,816 2167,607 2986,590 1955,493 1750,621 5923,987 Commitments to make in d u stria l advances 8 1,106 5,646 450 50 1,257 1382,822 191,101 1408,630 1111,364 4089,002 L I A B I L I T I E S T o ta l Federal Reserve notes 18,212',756 1212,202 4051,422 1221,211 1613, 89? 1195,123 1049,319 5409,749 Deposits •* Member bank-reserve a c c t. 12,986,381 621,439 1+549 ,142 61+4,063 1002,267 518,714 537,785 1985,966 U.S .Treasurer-general a c c t. 396,691 27,0l+2 109,465 21,661; 30,766 23,158 10,31? 1+3,578 Foreign 1,579,1+39 107 ,o59 ^615*436 139,473 134,925 60,£1+0 1+8,512 187,985 3,982 other 575, 99.5 2,890 27!;.,557 10,098 7,385 6,236 6 , 291+ Total deposits 15, 3.3 6,506 Defirrwct a v a ila b ility items 1 ,530,841 Oth ¿r l i a b i l i t i e s including accrued dividends 9,696 TOT.'J, LIABILITIES Capital paid i n Surplus ( S e c t i o n 7) Surplus ( S e c t i o n 13b) Other capital a c co u n ts 759,230 5346,578 117,14+5 309,584 815,298 1175,345 91,624 154,238 840 35,089,799 157,l 6l 188,097 26,965 72,976 3 ,0?2 608,798 111,153 628 602,908 2221,511 81,08l 233,980 940 513 693 1,339 293 , 260 TOTAL LIABILITIES ¿JSD F. xft. notes outstanding 18,804,547 1246,757 4213,938 1251,271 1650,951 1225,431 1104,057 3475,979 C ollateral fo r F.R# notes held by F.R •Agents:. Gold c e r t ific a t e s 12,1+42,000 7^44,000 2845,000 775,000 1052,000 775.000 740,000 2560,000 E lig ib le paper 147,272 13,265 83,675 3,617 6,455 U♦$.Govt. se cu r itie s 6 , 560,625 500,000 1400,000 475,000 600,000 475.000 375,000 950,000 MATURITY DISTRIBUTION OF LaJCS Total Discounts. and advances Industrial loans tu 6* G<pvt* s e cu ritie s (in c ly guar, s e c .) 152,011 12,039 Within 15 day s 122,439 10,764 16 to 30 days 31 to 60 days 5,730 19 8,445 481 6l to' 90 days 15,297 264 48 — ~— 2,727 — . 812,935 417,683 690,481 475,152 2241,612 325,000 196,000 9,000 30,985 510,625 225,000 450,000 275 250,000 231,000 1699,000 — 600,000 200 ,000 SECURITIES 91 days to 6 months 124 6 months to 1 year 262 13,808,496 1,667,689 1 , 233,361 2 , 807,435 3,028,380 1,011,1+00 1, 915,600 l / A fter doducting $9614.,183,000 pa rticip a tion s o f other Federal Reserve Banks 1 to 2 years 2 to 5 years —m m *» 80 u—— 45 17,800 970,245 Over 5 years ——— 1 , 156,586 form F. R. 283a Released f o r p u b lica tio n Friday morning-,' May 19, 19144; not e a r lie r . STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE! BANKS COMBINED (In thousands of d ollars) Increase or decrease since. May 17, L9I4I4 May 19, . 1943 May 10, 1944 ^SSETS Gold c e r t ific a te s on hand and due from U. S. Treasury ’ Redemption fund - F. R. notes Other cash Total reserves Total loans and secu rities Due from foreign banks F. R, notes o f other banks Uncollected items Bank premises Other assets TOTAL ASSETS ' • - 46,300 + 21,226 + 2,841 19.451,331 152,011 12,039 - 22,233 + 16,287 + 570 8,153.025 3.042,940 1,163,764 1,448,767 +549.521 + 10,000 ’ — 13,808,496 +559,521 +7,770,308 13.972,546 136 70,554 . . 1, 940,097 34,882 65,452 +576,378' +7,911,728 1 + 13,465 + 317,596 4,034 6,427 + 3,706 +338.320 + 2,606 35.534.998 +898,777 " •+7, 038,805 18,212,756 + 85,560 +4,958,014 12,986,381 396,691 1.579.439 373.995 15,336,506 1,530,841 +256,883 +182,276' - 12,407 +139.669 +566,421 +245,561 +1,104,348 + 17,640 + 649,844 3,865 +1, 767,967 +' 281,677 9.696 35,089,799 • + 372 +897,914 . + . 2,762 +7, 010,420 157,161 188,097 26,965 72,976 -35.534.998 + 58. <$ 5.646 + 9,790 + 27,686 + 136 9.227 +7,038,805 49 - + C A P I T.A L A C C O U N T S Capital paid in Surplus (S ection 7) Surplus (S ection ljb ) Other ca p ita l accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio o f tota l reserves to deposit and F. R. note l i a b i l i t i e s combined Commitments to make industrial loans +5, 992,404 +1, 943,740 + 206,964 - 372,300 mm L I A B I L I T I E S Federal Reserve notes D eposits: Member bank - ¡reserve account U. S. Treasurer - general account Foreign Other Total deposits Deferred a v a ila b ility items Other l i a b i l i t i e s including accrued dividends TOTa L LIABILITES . ■ -1,391,290 + 295,623 97,855 - 1, 193,522 + 141,928 1,008 - CD Discounts and advances Industrial loans U. S. Gbtrt. s e cu r itie s: B ills C ertifica tes Notes Bonds Total U. S. Govt, secu rities ( i n c l , guar, s e c .) '18,343,625 •340,469 267,237 . +898,777 • - • 1,2% 547 . - 19. $ 7,399 Form Um R. 283b 19 ^ STATEMENT OF CONDITION OF THE FEDERAL RESERVE B>iNKS ON MAY 1 7 , (In thousands o f d,ollars) ASSETS Total Boston New York Phila. Cleve. Rich. stian ta Chicago St#'Louis Kinn, Kans.Cy. Gold c e r t ific a te s on hand and due from U#S.Treasury 18,81+3,625 1075,675 1+,917,656 1075,372 1,540,901 1071,635 1014, 6o4 3, 426,297 Redemption fund-F.R.notes 30,432 26,680 3l|0,l469 25,350 71,071 24,409 19,424 48,415 Other cash 20,736 267,237 20,005 77, 553- 21,500 37,524 17,094 13,179 614,327 336,413 29,000 11,369 6,629 11,421 Total reserves 654,743 Discounts and advances Industrial loans U. S. Govt* s e c u r itie s : B ills C e rtifica tes Notes Bonds 19,U51,331 1123,li+l 5,066,285 1121,201 1-,551,386 1110,664 1051,122 3, 512,236 243,532 161,713 61,"47 76,993 210,411 146,190 55,903 69,600 749,741 311,982 119,317 143,538 536,733 2,068,634 610,443 344.733 544,135 1+32r 109 1, 329,573 609,831 583,229 2, 070,313 641,428 354,000 544,439 482,361 1,334,043 6 3-,271 119,199 2,908 4,614 4 17 7,357 • 7,869 322,808 93,293 2,923 1,639 7,821 3,972 8,153,025 3,042,940 1, 163, 76k 1,448,767 401,308 2 ,990,296 660,399 233,009 09,112 252,757 110,935 • 314,656 458,145 247,036 94,473 117,615 547,133 344,903 131,907 164,210 302,324 201,156 76,933 95,774 255,579 1,467,337 173,177 323,501 63,144 123,723 154,023 84,333 Total U# S. Govt, secu rities (in c l* guar* sec*) 13,008,496 034,864 4,218,598 917,274 1,183,203 633,187 Total loans 'and secu rities 849#530 4,302,393 926,526 1,189,453 10 .1,398 139,229 1,647 4,6o4 12 • 2,088' 109,497 3,552 4,651 12 3,427 190,198 4,176 7,736 TOTnL ASSETS 136 70,551+ 1, 940*097 34,882 65.452 1/ 49 TS; 791 457,013 9,042 14,243 555,459 2,495,342 347,167 172,402 141,657 92,722 54,176 35,462 67,443 44,147 6,455 139 Due from foreign banks i\R.notes o f other banks Uncollected items Bank premises Other assets 404,411 765,254 520 3,945 330 365 13,972,546 535,295 2, 442,733 30,754 11,251 21,800 3,913 250 . 2 3,617 5,635 13,265 1,401 742,662 n ,7 6 4 10,823 275 29 83,675 120 152,011 12,039 Dallas San Fran. 1,414 32 1,675 4 9,000 267 30,935 — 4 5,473 76,282 2,050 2,837 3 1,776 34,340 1,271 1,906 4 • - 4 3,359 • 3/338 66,216 89,535 963 2,713 3.023 3,326 11 13,407 237,482 1,998 6,719 35,5^4,998 2119,559 9 , 861,816 2167,607 2 , 906,390 1935*493 1,750,621 5,923,987 1382,822 797,707 1,1+08,630.1111,364 4 , 089,002 l / Aft^r deducting.$87,OCO participation s o f other Federal Reserve Banks,
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