The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form F. P.. 253 STATSLiEITT FOR THE PRESS Released for publication Friday morning, May 23 j not earlier. Board of Governors of the Federal Reserve System May 22, l94l CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 21 member bank reserve balances increased $274*000,000. Additions to member bank reserves arose from decreases of $285,000,000 in Treasury deposits with Federal Reserve Banks and $3,000 ¡,000 in Treasury cash and an increase of $27,000,000 in gold stock, offset in part by a decrease of $2,000.000 in Reserve Bank credit and increases of 831,000,000 in money in circulation and $3.0,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on Ilay 21 vere estimated to be $5,860,000,000, an increase of $170,000,000 for the weak. Changes in r.e:»ber bank reserve balances and related items during the week and the year ended '..lay 21, 1941, were as follows* Increase or decrease since May 21, 1941 Hay 14, 1941 May 22, 1940 (in millions of dollars) — — Bills discounted 2 U. S. Government diract obligations 2,179 U. S. Government guaranteed obligations 5 Industrial advances (not including 11 million 8 commitments - Llay 21) Other Reserve Rc.nk credit 42 - 3 + Total Reserve Bank credit Gold stock Treasury currency 2,237 22,565 3,131 - 2 + 27 + 2 283 +3 ,494 + 124 Member bank reserve balances 13,732 9,186 Money in circulation Treasury cash 2,280 Treasury deposits v&th F. R. Banks 477 Nonnember deposits and other F. R. accounts 2,258 +274 + 31 - 3 -2S5 + 10 + 509 +1 ,573 + 76 + 107 +1 ,069 — — - 283 5 1 10 Form F.Jrt. 283-a Released for publication Friday morning, Kay 23,1941; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since May 22, May 14, May 21, 1941 1940 1941 ASSETS Gold certificate» on hand and due from U, S, Treasury + 33,999 20,256,731 +3:,414,755 Redemption fund - F. R. notes + 9,549 595 1,812 Other cash 7,048 Jg\Æ5 J&àÊL Total reserves + 26,356 20,537,305 +3 ,363,218 Bills discountedi Seaured by U. S. Gov’ t obligations, direct and guaranteed 446 + + 685 1,539 Other bills discounted + 8 576 658 Total bills discounted 2,197 130 + 693 — Industrial advances 1,078 + 62 8,154 U, S. Government securities, direct and guaranteed1 3onds + 16,805 1,363,600 - 309,825 Notes 820,300 Total U. S« Government securities, *•* 293,020 direct and guaranteed 2,184,100 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: 1.1ember bank - reserve account U. S. Treasurer - General account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES CAPITAL A C C OUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES M D CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to make industrial advances 2,194,451 47 27,122 986,086 40,055 50,512 + 755 — 294,228 __ 5,745 321,939 1,540 11,953 + 39 - 31,064 12 + 341 + + •* 23,885,578 - 3,585 +3*383*131 6,384,387 + 24,716 ' +1*399*776 13,731,835 477,144 1,241,201 ___ JZlQtJsSQ. 16,180,630 943,64-1 +273,969 -284,430 + 6,153 + 4,668 + 310 - 28,348 + 509,333 107,136 + 791,347 + 245,689 +1,653,505 + 310,988 ...5,117 23,513,775 387 - 3,709 ... . .389 +3*364,650 140,279 157,065 26,785 47,674 23,885,578 + 4,152 + + 5,345 54 + 9,080 +3*323 ?loi 91.2* 11,080 — — -7 + 117 - 3,585 — + + 135 2.9/a 2,197 Fern F. E. 28>-b STATEMENT OF COliDITICII OF THE FEDERAL RESERVE BAIJKS OIJ EAY 21, 1941 (in thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 3old certificates on hand and due from U.S.Treasury 20,256,731 1,193,049 9,292,584 1,214,503 1,467,889 659,916 422,478 3,164,850 476,321 320,197 457,178 308,164 1,279,602 Redemption fund - F.R.notes 9,549 470 997 947 777 1,690 948 1 ,133 4i9 167 171 858 972 Other cash 321,025 22,314 76,407 24,538 20,568 19,507 25,665 41,858 18.077 5,776 16,387 15,704 34,224 Total reserves 20^87,^05 1*215,033 Bills discounted* Secured by Ü. S. Gov’ t obligations. direct and guaranteed 1,539 25 — Other bills discounted 658 9,369,988 1,239,988 1,489,234 681,113 449,091 3,207,841 494,817 326,140 473,736 324,726 1,314,798 413 150 32 48 200 35 235 285 85 — — 705 10 83 10 246 83 347 — 27 164 32 125 20 43 191 393 157 71 63 276 — — Total bills discounted Industrial advances g 154. S. Government securities, direct and guaranteed: Bonds 1 ,363,000 Notes 820,300 25 802 563 1,729 80 2,940 98,544 59,273 389,312 234,163 108,110 65,027 136,462 75,859 59,247 82,079 ¿5,627 35,637 156,506 63,283 41,178 66,277 54,979 94,136 38,062 24,769 39,863 33 ?o68 114,043 68,596 Total U. S. Gov*t securities, •direct and guaranteed 2 3is/jinn 157,817 623,475 173,137 218,541 121,486 94,884 250,642 101,345 65,947 106,140 38,047 182,639 15®,644 625,767 18 2,473 309,693 9,798 13,696 176,157 5 1,233 64,525 4,664 4,262 219,061 122,414 95,140 2 2 4 1,836 6,669 2,970 103,332 71,517 33,769 4,525 2,604 1,977 5,456 3,088 2,158 251,072 102,050 66,531 106,368 88,386 * 1 6 1 1 3,360 2,546 658 917 1,590 127,329 50,172. 18,939 36,874 32,011 3,018 2,305 1,357 2,980 1,196 5,497 2,201 1,551 2,354 2,227 182,861 4 2,333 53,266 2,816 4 ,566 Total bills and securities 2,194,451 Due from foreign banks 47 F. R. notes of other banks 27,122 Uncollected items 986,086 Bank premises 40,055 Other assets 50,512 T 0 ? A L ASSETS 537 84,659 2,815. 3,456 85 843 705 — 222 23,885,578 1,465,947 10 ,331,433 1,490,834 1,823,448 887,407 585,107 3,598,123 654,092 415,435 623,903 449,205 1,560,644 *Less than $500. iörm F. H. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAI 21, 1941 (In thousands of dollars) L I A B I L IT I E S Total F. R. notes in actual cix— culation 6,384 Deposits: Member bank-reserve acct.1 3 ,,731,835 U.S.Treasurer-General acct. 477,144 Foreign ' 1,241,201 Other deposits 730,450 New York Phila. 524,331 1,679,022 441,121 592,705 ,299,176 740,113 6 ,837 ,675 22,686 115,744 57,648 703,104 14,726 582,119 784,180 43,082 81,327 35,970 973,769 430,532 31,188 26,900 77,135 36,052 15,734 8,721 835,173 8,238,642 80,280 283,879 944,559 70,192 502,205 98,051 69,702 Rich, 524,893 18,003 29,345 5,824 75,621 26;990 24,102 35,76o 33,241 100,611 25,153 18,445 24,314 24,314 4,690 9,626 7,300 8,782 3,495 ©s 505 391 843,247 23,827 63,753 33,463 964,290 43,472 «CO «\ 453 0 1,525 fc 541 Cleve. H Total deposits 16 ,180,630 Deferred availability items 943,641 Other liabilities including accrued dividends 5,117 Boston 144 559 174 166 173 185 301 TOTAL LIABILITIES 23,513,775 1,440,325 10,203,068 1,456,325 1,789,037 871,474 571,514 3,550,492 642,349 405,750 612,660 437,775 1,532,956 CAPITAL A0C0ÜÎITS 4,270 11,718 3,002 4,513 Capital paid in 14j924 4,290 51,586 14,477 5,439 4,802 11,905 140,279 9,353 3,152 3,974 10,785 Surplus (Section 7) 22,824 3,613 10,906 5,247 5,725 15,144 4,925 56,447 157,065 14,323 1,263 2,121 1,000 1 , 13 s Surplus (Section 13b) 1,429 3,244 1,007 2,874 7,070 713 533 26,785 4,393 1,979 3,064 Other capital accounts 1,923 3,4-54 2,003 4,554 13,262 1,995 2,531 3,067 2,489 2,353 47,674 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,885,578 1,465,947 10,331,433 1,490,834 1,823,448 887,407 585,107 3,598,123 ¿54,092 415,435 623,903 449,205 1,560,644 Commitments to make industrial 1,695 1,101 17 6 346 4l 26 21 3,740 advances 2,281 172 11,080 1,634 MATURITY- DISTRIBUTION OF BILLS AND SECURITIES Over 2 Years to 1 Year Within 16 to 31 to 61 to 91 days to 6 months to 1 Year to 2 Years Total 15 days 5 Years 5 Years 30 days 60 days 90 days 6 months Bills discounted 26 1,676 56 90 150 199 2,197 Industrial advances 1,163 2,033 1,522 1,764 208 165 550 699 8,154 tJ. SJ Government securities, direct and . guaranteed 686,400 1.176,600 127,800 136,300 2,184,100 — — 57,000 — Form F. R. 283-d FEDERAL RESERVE NOTE STATEMENT ON MAI 21, 194-1 (ln thousands of dollars) Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans. Gy, Dallas San Fran. federal Reserve notes: Issued to F.R. Bank by F. R. Agent $,701,917 546,911 1,758,941 461,186 615,485 317,156 231,663 1,417,599 254,275 173,329 226,573 112,513 586,286 Held by Federal Reserve Bank 317,530 22,500 79,919 20,065 22,780 17,980 22,061 32,000 14,362 5,323 7,999 11,068 61,393 In actual circulation 6,384,387 524,331 1,679,022 441,121 592,705 299,176 209,602 1,385,599 239,913 168,006 218,574 101,445 524,893 OollateraL held by agent as se curity for notes issued to bank: Gold certificates on hand and due fron U.S.Treasury Eligible paper 6,823,500 550,000 1,775-000 470,000 618,500 350,000 235,000 1,440,000 269,000 174,000 230,000 118,000 594,000 1,784 25 563 81 — 85 — — 705 I83 142 — Total collateral 6,825,284 550,025 1,775,563 470,081 618,500 350,085 235,000 1.440,000 269,705 174,183 230,14-2 118,000 594,000
@FedFRASER