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Form P. R. 283 STATEMENT FOR THE PfcESS Released for publication Friday morning, bay 22; not earlier. Board of Governors of the Federal Reserve System May 21, 1942 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 20 member bank reserve balances decreased $131,000,000. Reductions in member bank reserves arose from increases of $146,000,000 in Treasury deposits with Federal Reserve Banks and $27,000,000 in monsy in circulation, and a decrease of $34,000,000 in Reserve Bank credit, offset in part by increases of $3,000,000 in gold stock and $5,000,000 in Treasury cuirency, and decreases of $3,000,000 in Treasury cash and $15,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 20 were estimated to be approximately $2,570,000,000, a decrease of $360,000,000 for th: wrBek. The principal change in holdings of bills and securities was a decrease of $39,000,000 in United States Government securities, certificates decreased $21,000,000 and bills $18,000,000. Changes in member bank reserve balances and related items during the week and the yoar ended May 20, 1942, were as follows: Increase or decrease since kay 20, 1942 May 13, 1942 May 21, 1941 (In millions of dollars) Bills discounv-d U. S. Government direct obiigatiohs U. S. Government guaranteed obligations Industrial advances (not including Ik million commitments - uay 20) 0 th-r i^serve Bank credit 5 2,441 4 11 117 - 3 - 39 ~ + 1 + 3 Total Reserve Bank credit Gold stocic Treasury currency 2,578 22,709 3,299 - Member banK reserve balances uion-y in circulation Treasury cash Treasury deposits with F. R. Banks ITonmemb^r deposits and oth^r F. R. accounts 12,486 11,388 2,188 30k 1,720 -181 + 27 - 3 +1 b6 * + - 3h 3 5 15 + * + 3 ^62 1 3 + 7 5 + 3Ul ihh + 168 + -1,21|6 +2,702 92 - 173 533 Form F. R. 28 3 L I A B I L I T I E S Total F.R. notes in aptual circulation 8,916,287 Deposits: Member bank-reserve acct.12,486,014 U.S.Treasurer-general acct. 304,007 Foreign 949,894 Other 476,757 Total deposits 14,216,672 Deferred availability items 1,014,563 Other liabilities including accrued dividends 5,563 TOTAL LIABILITIES Boston STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL Bs 19^2 (In thousands of dollars) New York Phila. Cleve, Rich. Atlanta Chifcdgo St.Louis Minn. Kans.Cy. Dallas San Fran. 679,708 2,273,853 633,860 853,043 473,990 335,232 1,355,579 349,79^ 225,351 239,361 148,539 797,992 618,903 5,443,606 18,206 58,453 24,292 498,434 11,089 348,290 689,411 21,234 71,308 9,757 918,329 16,931 68,337 41,239 456,814 339,783 1,776,948 370,961 183,985 378,402 309,624 20,742 14,476 54,003' 18,293 14,179 14,034 7,370 32,683 25,993 90,621 22,284 16,342 21,541 21,541 3,305 2,367 3,356 10,012 7,320 5,727 2,453 999,248 45,946 56,513 26,292 672,490 6,348,783 9&,4o2 224,758 7 9 1 , 7 1 0 1,044,836 .70,411 122,417 332 1,500 401 555 513,544 333,124 1,925,013 421,550 221,326 419,754 340,938 1 , 1 2 7 , 9 9 9 87,277 42,734 164,326 49,495 J-9,535 42,344" 37,810 54,554 404 265 579 155 169 176 222 305 24,153,035 1,451,432 8,840,679 1,496,332 2,020,906 1,080,215 761,355 3,945,497 320,994 466,381 7 5 2 , 1 3 5 527,559 1,980,350 C A P I T A L A C C O U N T S Capital paid in 144,674 9,^25 53,447 11,812 14,794 5,315 4,95? 15,866 4,479 3,054 4,664 4,423 11,931 Surplus (Section 7) 157,502 10,949 56,651 15,171 14,346 5,236 5,725 22,925 4,966 3.152 3,613 3,976 10,792 Surplus (Section 13b) 26,701 2,374 7,070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Other oapital accounts 47,932 2,523 13,275 3,145 4,680 2,010 2,386 8,432 1,927 2,568 2,056 1,934 2,996 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,529,974 1,477,203 8 , 9 7 9 , 3 2 2 1,530,903 2,055,733 1,096,520 775,133 3,994,149 832,896 476,655 763,o05 533,160 2,008,690 Commitments to make 1,913 1,263 2,034 2,162 2,126 216 1,306 industrial advances 13,718 462 865 1,371 F.R.notes outstanding Collateral for F.R.notes held by F.R. Agents* Gold certificates Eligible paper 9,366,127 702,771 2,391,924 657,479 886,395 513,666360,9001,905,087373,581231,360299,043165,570 877,031 9,498,000 4,943 740,000 2,400,000 350 3,539 665,000 792 890,000 - 525,000 370,000 1,920,000 390,000 233,000 300,000 171,000 . 394,000 87 175 ; - UATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Industrial advances U.S.Government securities, direct and guaranteed Total 57248 10,712 2,444,811 Within 15 days 4,002 5,572 .10,130 16 to 30 days 127 399 20,756 31 to 60 days 129 256 22,0*60 61 to . 90 days W ~ 654 76,005 91 days to 6 months 13 531 6 months to 1 Year 3 730 81,950 70,100 1 to 2 years 1,444 2 to 5 years — 1,076 317,800 367,100 11 Over 5 yo&rs " 1,478,202 Form F^JU 283~a Released for publication Friday morning, Liay 22,l9l;2$ not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 21, 191*1 jvlay 13, 19U2 .. May 20, 191*2 A S S E T S Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash 20,508,1+09 15,202 298,772 Total reserves 20,822,383 Bills discounted: Secured by U.S.Gov't obligations, direct and guaranteed Other bills discounted '•^otal bills discounted Industrial advances U. S. Government securities, direct and guaranteed: Bonds Notes Certificates Bills Total U. S. Government securities, direct and guaranteed Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S F. R. notes in actual circulation Deposits: aember bank - reserve account U. S. Treasurer - general account Foreign Other Totai deposits Deferred availability items Glher liabilities including accrued uividends TOTAL LIABILITIES CAPII.AL A C C O U N T S Capital paid in Surplus (faction 7) Surplus (s ction-.ljb) Other capital accounts TOT-iL LIABILITIES AND CAPITAL ACCOUNTS R^tio of total reserves to deposit kna F. R. riote liabilities combined Commitmunts to make industrial advances 1I,965 283 5,21+8 10,712 - li,001 1.21*3 837 - - 3,595 + • 2,U97 562 + - - 3,1*26 375 - 3,059 + 3,051 1*25 + 2,558 + 251,678 5,653 22,253 235,078 1,606,902 — + 21+3,102 692,500 — - 15,650 129,759 2,l+j+l+,811 2,1+60,771 1*7 25,955 1,131,839 . 1*0,563 1+8,1+16 21,529,971* 8,916,287 12,1+86,011+ 30l+,007 9l*9,89U 1*76,757 11+, 216,672 + 127,800 15,650 - 21,750 17,825 + 129,759 - 39,575 + 260,711 14.2,209 + 266,3^0' - -- - - 91*, 722 + + 10,939 •2 ,531,900 - LSI, 218 Ll*5,756 13,1+1*2 27,177 - 1*9,197 -1,21+5,821 173,137 291,307 253,693 -1,963,958 56,339 + 157 + 1,011+, 563 5,563 21+, 153,085 11+1*, 671+ - 21+, 529,971* + - 90. CP/o 13,718 91*, 751* + 157,502 26,781 1*7,932 - 1,321 1*8,115 1 517 - 31 + + + — + — - 1 9l*,722 .1% + + 11 + + - + 1,167 11*5,753 508 2,096 61+l+,396 70,922 1+1+6 639,310 1*,395 1*37 1* 258 61+1+, 396 • 1.256, 2,638 Form F. R. 203-b STATiiLiENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH ivIaY 20. 1942 (In thousands of dollars) A S S E T S Total Boston New York Phila. Clove. Rich. Atlanta . Chicago St.Louis Liinn. Kans.Cy. Dallas San Fran, Gold certificates on hand and due from U. S. Treasury 20,50Q,U09 1,139*632 7,9U7,U07 1,230,51*2 1,63^,301 15,202 1,369 3,123 Redemption fund - F.R.notes 545 991* 298,772 uther cash 15,019 25,504 73,844 25,779 831,911* 5 9 6 , 8 3 2 3,1*55,1*80 6 4 2 , 2 7 5 3 6 6 , 9 0 6 591,399 385,653 1,635,563 1,622 300 226 348 453 4,037 1,931 249 32,228 51,021 13,620 6,237 11,343 13,245 13,277 17,655 Total reserves 347,122 614,736 3,508,123 656,195 373,369 603,700 399.251 1,721,328 20,822,383 1.,168,259 8,022,245 1,246,106 1,661,449 dills discounted: Secured by U. S. Gov*t obligations, direct and guaranteed 4,965 Other bills discounted 283 Total bills discounted 5,21*3 , 350 792. 3,539 -- — — 29 — —— —- — — — — 175 — —— —— 60 27 14 221 35 6 — 37 235 41 66 211 96 — 350 3,539 792 29 1,225 1,070 5,382 191* 651 951* 312 8 543 .127,422 54.91h 1.241 10,239 163,31*8 70,395 1.99113,191 96,996 41,800 91*5 7,332 69,327 29,878 675 5,598 198,8^ 35,702 1,937 16,059 76,487 32,962 745 6,176 48,509 20,907 472 3,917 175 Industrial advances 10,712 U. S. Government secuiities direct and guaranteed: Bonds 1,606,902 Notes 692,500 Certificates 15.650 Bills 129.759 1 Total D. S # Gov t securities, direct and guaranteed 2,444,811 183,119 664,51*2 193,866 248,525 147,573105,473 3 0 2 , 5 6 7 116,370 73,805 103,713 9U,919 210,334 Total bills and * securities 2,460,771 184,691* 669,151 200,040 248,743 11*8,224 1 0 6 , 4 3 2 74,348 10^,366 95,365 2io,47l yue from foreign bunks notes of other banks Uncollected items Bank premised Oth-;r assets 47 3 762 2.5,955' 117,426 1,131,839 • 40,563 2,759 . 48,416 " 3,300 18 2,900 261,422 • 5 1.739 74,403 4,824 3,786 < 4 1,803 133,383 4,401 5,445 302,879 116,553 1 6 3,208 3,.552 170,913 52,734 2,140 2,953 5,723 2,065 TOTiiL .vbSiiTS 120,359 51,869 1.172 9/A9 436,733 188,234 4,254 35,271 138,246 6 8 , 1 6 8 62,388 59,578 29,376 26,835 1,346 608 664 5,505 . 5, J33. . 11,164 V 10,431* 13,152 2 3,027 92,015 3,056 3,074 2 3,260 46,778 1,964 1,966 * 711 25,1*53 1,329 1,445 l 1,088 50,106 2,849 1,995 l 708 40,836 • 1,113 1,834 4 3,197 '65,313 2,741 4,631 2^,529,97^ 1,1*77,203 6,979,322 1,530,903 2,055,733 1,096,520 775,138 3,991*,H*9 832,896 1*76,655 763,605 539,160 2,003,690 •Less than $500.
@FedFRASER