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Form F._ K, 283 ST^TELSNT FOR THE PRESS Released for publication Friday norr.ing, May 21; not earlier. Board of Governors of the Föderal Reserve System May 20, I9U 3 CONDITION OF THE FEDERAL RESERVE BANKS during the week ended liay 19 member bank reserve balances increased $77,000,000. Additions to member bank reserves arose from a decrease of ^51*000,000 in Treasury deposits with Federal Reserve Banks and an increase of $19,000,0.^'O in Treasury currency, offset in part by a decrease of $92, 000,000 in Reserve Bank credit and increases of $54,000,000 in money in circulation, i?12,000,000 in Treasury cash and $36,000,000 in nonmembcr deposits and other Federal Reserve accounts. Excess reserves of member banks on May 19 were estimated to be approximately $1 , 640, 000, 000, a decrease of $90, 000,000 for the week. There was a decrease of $134,000,000 in holdings of United States Government securities. Bonds decreased $41,000,000, notes $1^,000,000 and b ills $90,000,000. Changes in member bank res-rve balances and related items during the week and the year ^ndod Ivlay 19, 1943» were as follows* Increase or decrease since i - y 19, I9u3 i^y 12, 1943 liny 20, 1942 (In millions of dollars) Bills discounted U. S. Government direct obligations U. 3. Government guaranteed obligations Industrial advanccs(not including 13 million commitments - Lay 19) Othjr Itoservj Bank credit 10 5*984 54 13 373 - 15 - 134 -- + 5 +3,543 + 50 -58 + 2 + 256 + Total hos-,;rvG Bank credit Gold stock Treasury currency 6,434 22,455 4,051 - 92 + l + 18 +3,356 - 254 + 752 Leribcr bank r^s^rvc b a ile e s I. ~ney ir. circulation Treasury cash Treasury deposits vdth F.l\. Banks i.om.iombcr deposits and other F#hf accounts 11,882 16,795 2,264 379 1,620 + 77 + 54 + 12 - 251 + 36 - 604 +4,907 + 76 + 75 - 100 STàTEISHT OF CONDITION OF THE FEDERAL RSS'JRVE BANKS ON MAY 19 , I9 U3 (In thousands o f d ollars) New York Phila. CIjvo. hich. A tl-nta Chicago St.Louis Linn. Kans.Cy. Dallas torni F. h. 283c L I A B I L I T I E S Total Boston Sor. Frar.. F. li. not os in actual c i r culation l3,-254.742%956,964 2, 920.097 936,993 1,213,697 3 51,221 661,634 2,616,333 558,596 332,811 471,033 292,497 1,442,356 IJkjpOiii tS • J.inber bunk-reserve a cct. 11,882,033 592,613 3,966,489 637,465 1,052,934 492,015 463,725 1,782,994 396, 532245,727 518,566 463.722 1,269,201 b .S .Treasurer-general a cct. 379,051 26,563 76,321 15,671 26,275 24,505 31,052 41.433 26,533 15,440 22,92? 21,524 50,757 Foreign 929,595 28,990 l/433,375 76,539 74,170 34,666 28,217 93,356 24,186 17,736 22,574 24,166 61,550 oth'ir 377,860 5,624 267,733 11,004 12,539 11,235 1,895 2,913 13,799 1Q.4H 3,489 3,267 33,348 I c ‘:ui deposits 13, 568,559 653,790 4,748,973 740,729 1,165,908 Leferrcd a -^ iiu b ilit y items 1^49,164 io 4 ,& 5 247,870 8-3,233 137,504 Other l i a b i lit ie s including accrued dividends 6,934 765 1,941 537______________ 615 562,419 99,126 433 524,889 1 , 925,696 ¿161,150 239,314 ”567,556 512,699 1,415,356 73,278 170,346 61,502 21,973 63,809 52,666 123,207 255_______ 779 232 190 ' 438 ___201_______ 420 644,288 1102,841 858,063 2,981,339 12,130 4,495 3,173 4,-799 3,221 11,044 3,613 4,083 2,121 1 , 00c 1,307 1,137 5,901 3,686 3,141 3,524 TOT.-iL LIABILITIES 28,079,379 1716,164 .766,552 2¡,517,784 1513,249 1265,034 7,918,381. 4,713,654 1031,530 Capital paid in 147,571 9,520 4 , 6>0 15,310 5,961 5,285 .53,^05 11,679 16,471 Surplus ( Ss e ti chi 7) l 6 0 ,4 ll H ,l6 0 53,001 4,966 15,670 5,236 14,767 5,725 22,925 Surplus ( Section 13 b) 26,829 2,874 7,070 530 1,007 3,244 717 1,42> 4,393 Cther ca p ita l accounts 82,203 5,052 23,183 3,663 3,661 7,824 4,036 5,344 •12,603 TOTAL LIABILITIES AND : ! c « p it ^ l ¿1CCounts 28, 496,193 1744,770 3 , 061,040 1304,138 2, 556,692 1531,726 1200,429 4 , 767,162 1095,317 655,211 1116,076 871,009 3, 012,543 Coirjuitments to make in dustrial ' advances . 13,045 717 10 1,966 435 1,175 102. — 1,824 — , 5,030 — 3,766 F. h. notes outstanding C ollateral fo r F*K#notes held by F.h*agentst Gold c e r t ific a te s E lig ib le paper ' U.S. Gov’ t secu rities 13,792,909 1001,600 3,018,533 96-4,830 1,253,52-3 335,549 711,917 2,663,109 594,157 359,823 439, 526329, 0 4 0 1 , 541,247 13,378,000 8,738 590,000 375,000 1,200,000 515 — 100,000 — 777,000 660,000 2,700,000 50 -r — , 125,000 6.),000 — 370,000 340,000 50 — 250,000 — 4 ;0 .00 0 336,000 1,564,000 50 5,000 906,000 3,040,000 3,165 4,95> 50,000 — KA.TVKITY DISTRIBUTION OF BILLS AND 3ECUR1TIE3 Total Within 15 days 16 to 30 days 31 to 60 days 61 to 90 days 91 days to 6 months 6 months to 1 yoar 1 to 2 yuars ai l l s discounted 10,033 5, H 3 3,955 74o 275 Industrial advances 15,047 . 10,339 39 221 654 351 579 658 li. 5. Government s e cu r itie s , d ir e c t and guaranteed 6,037,663 ^ 272,055 445,795 1,009,238 806,103 502,530 570,100 336,000 1 / A fte r deducting $486,390,000 p a r tic ip a tio n s o f other Federal heserve Banks. 2 to 5 yours Over 5 156 SCO,321 1,215,546 Perm F.R. ho leased for publication ? riday morning, ' Lay 2 1 ,I 9U35 r:°t -arlior. ¿TaTE.::iNT Or CCrDITIOK OF THE TTELVB FEDERAL RESERVE B.iKK8 C.i;3.iN2D Increase or decrease since luay 19, 19U3 Lay 12, 1943 : .ay 20, 1942 , S S 3 T S , Gold c e r t ific a te s on hand and due from U, 3. Treasury Redemption fund - F. h. notes Other cash Total res-.rv-.is B ills discounted: Secured by 13. 3. Gov* t obligation s, d irect and guaranteed Other b i l l s discounted Total b i l l s d iscounted . Industrial advances U. S. Govemrunt se cu ritie s , d irect and guaranteed: ^onds Notes C ertifica tes B ills Total U. S. Government s e c u r itie s , ,^ rCGk~^Kr gUar:uiteedTotal b i l l s and secu rities Due from foreign banks F, R. notes of other b^nlcs U n collect■ jd items Bank premises Oth^r assets i C'i.¿¿.Li .¿ibb-klTS 20,234,915 44,846 365,092 + ' 3 - 2,104 + 10,261 + + 273,494 29,644 66,320 20,644,853 + 3,160 - 177,530 + '■ - 15 ; 037 ' ' + + 236 5,118 233 10,033 — ■ - 10,063 13,047 - 15,057 — 4,835 2,335 1,821,067 . 956,300 1 , 099,200 2,160,621 • - 40,600 ■ ' + 214,165 + 264,300 - 12,300 — 1J,033,550 +2,030,362 - 81,364 6,037,683 ’ -134,764 ' +5,.592>377 ' -150,137 — ‘447 ‘ 7 +3,600,014.7 + 90 + 31,134 + 490,662 1,647 + 23,163 ¿8, 496,193 - 47,644 • +3,966,219 13.254,742 + 54,241 ,333¿455 11,382-, 033 379,051 929.595 377., 860 + 76,704 - 251,163 + 27,276 + 3,160 13,563,539 1 , 249,164 6,060,31-3 137 ' '57,039 1,622,501 3"i,? 16 71,379 + — L I A B I L I T I E S F. R. notes in actual circu la tion Deposits: Lumber bink-reserve account U. S. Treasurer-general account Foreign Cth-,;r 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 TOTAL LIABILITIES CA r I T A L a C G 0 UE T S Capital paj^d in Surplus (S ection 7) Surplus (o c c tio n 13b) Other ca p ita l accounts ,*ccou:;t3 Ratio o f to ta l reserves to deposit ana i\ iu note lia b i lit ie s combined Commiti.ion'DS tc make industrial advances total lia b ilitie s akd capital + - 603,981 75,044 20,299 98,397 - 139,023 + 36,024 + 643,133 234,601 6,934 137 + 28,079»379 - 48,395 .147,371 160,411 26,329 ■32,203 26;496,193 . + 77.05*» 1-7 !1 13 j 01;5 + — . + 300 — — 951 - 4 7 ,6 4 4 + »3> -1 r* '"'i 153 . 1,371 +3, 926,294 + + + + 2,697 2,909 4s 34,271 ,966,219 +3< - 13. c$ - 673 / 0 7 Form F. R. 283b statement o f co n d itio n o f the fe d e r a l reserve ranks on i£ay 19 , 19^3 (In thousands o f d o lla r s ) a S*v) E T S Total Boston New York Phil-i. Cleve. Rich, Atlanta Chicago St.Louis Ininn. Kans.Cy. Dallas San Fran* Gold c e r t ific a te s on hand and due from U. S. Treasury 20,234,915 1180,611 5 .6?5,72? 1269,908 1,851,478 101*9,763 905,283 3,654,494 566,345 456,601 758,404 596,007 2, 249,292 Redemption fund - F.Fi.notes 44,846 2,940 1,626 5*543 283 6,959 2,752 995 15*759 281 525 579 6,810 other cash 365,092 32,395 88,161 24,532 56,599 55*976 16,367 4o,664 13*696 8,341 19*256 11,095 59*962 Total reserves 2o,644,853 1215,952 5,706,516 1299,833 1,803,360 1090,690 jiills discounted: Secured by U.S. Gov11 ob lig a tion s, d ire ct and guaranteed 10,083 3,165 k,95°> 515 i+0 50 Gthor b i l l s discounted Tot-I b i lls discounted 10,083 15,047 5,165 4,950 515 4,010 924,4o2 3, 696,156 595,730 465,223 500 500 50 — 50 225 30 50 — 50 42 225 19 50 4.025 07,027 45,722 52,530 53,199 72,.534 50,154 45,312 50,527 177,678 95,554 107,247 167,521 250,473 192,057 545,300 4o 50 500 500 095 439 291 69 --- Indus tr i al advances U. 3. Government secu ritiu S, d ire ct arid guaranteed: Bonds 1,821,067 Notes 956,800 C ertifica tes 1 , 099,200 B ills 2, 160,621 1,747 605 152,765 69,755 80,137 .09,255 452,224 237,603 272,965 906,110 Total U. S. Govf t s e cu r itie s , d irect and guaranteed 6, 037,688 371,912 1,063,900 594,026 466,570 510,406 240,765 819,728 376,024 1,074,463 l / 106 5 1,250 9,072 365,670 145,516 9*750 2,703 17,461 4,734 400,159 5 2,058 92,460 4,703 4,922 467,305 310,945 2 4 5,067 5,005 135,515 109,561 5,024 4,289 8,556 • 4,611 249,554 2 5,050 96,155 1,681 5,577 320,297 •410,507 155,240 ♦ l 6 1,762 4,505 6,155 71,094 51,545 252,413 1,500 2,095 2,896 5,557 2,545 9,256 T'cc-^l b i l l s and secu rities 6,060,818 Luo from foreign banks 157 i'1. R. note3 o f other banks 57,089 Uncollected items 1,622,501 isunk premises 58,916 -■thor usscts 71,879 t-.Tal assets 778,183 607,681 2 , 296,064 157,-602 174,643 115,906 95,067 72,299 59,000 43,897 91,759 85,-056 . 105,413 . 63,002 . 56,176 50,625 101,069 75,750 94,545 49 06,661 54,555 253,472 45,554 23,559 125,296 145,942 - 52,509 .52,008 512,018 255,955 57,471 410,457 155,191 250,570 193,101 * 549,355 1 l 4 2,606 9,027 7,400 140,090 05,765 65,500 2 , 666 1,026 2,778 6,829 5,094 5,579 28, 496,193 1744,770 8,o 6i , o 4o I 8q4 , i 58 2 ,-556,692 1531,726 1280,429 4, 767,162 1095,517 655,211 1116,076 871,089 3 , 012,545 ♦Less than $500. l / After deducting $29,000 participations of other Federal Reserve Banks.
@FedFRASER