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Form F-, E. . 233 STATEMENT FOR THE PRESS Released fo r p u b lica tio n Friday morning, May 28} not e a r lie r . Board o f Governors o f-th e Federal Reserve System May 27, 1943 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 26 member bank reserve balances decreased $44,0.00,000. Reductions in member bank reserves arose from increases of $ 10 7 , 000,000 in money in circulation, $ 1 7 , 000,000 in nonmember deposits and other Federal Reserve accounts/ 000,000 in Treasury cash and a decrease of $30,000,000 in gold stock, offset in part by increases of $59.000,000 in Reserve Bank credit, $21,OOQ.OOO in Treasury currency, and a decrease of $34.000,000 in Treasury deposits with Federal Reserve Banks. ' Excess reserves of member banks on May 26 were estimated to be approximately $1,500,000,000, a decrease of $ 140 , D'.)0 , 0.00 for the week. There was an-increase of $l43>000,000 in holdings of United States Government securities. B ills increased $203,000,000, while bonds decreased $52,000,000 and notes $8 , 000, 000. Changes in member bank reserve balances and. related items-during the week and the year ended.May 26, 1943 , were as follows: Increase or decrease since May 26, 1943 Kay 19, 1943 May 27, 1942 (In millions of dollars) B ills discounted U# S. Government d ire ct obligations U. S. Government guaranteed obligations Industrial advances(not including 13 m illion commitments --May 26) Cth^r Reserve Bank cred it 21 6,127 54 + 11 + 143 + 15 +3,645 + 47 + 2 + 200 13 278 - 95 Total Reserve Bank cred it Gold stock Treasury currency 6.49,3 22,425 4,072 + + 30 21 59 +3,909 - 287 + 770 Member bank reserve balances Money in circu la tion Treasury cash Treasury deposits with F, R. Banks ^onmcmber deposits- and other F ,a c c o u n t s 11,838 - 44+ 107 + 3 - 34 + . 17 - 629 +4,931 + 70 * 106 96 16,902 2,267 345 1,637 Form F. R. 283c L I A B I L I T I E S Total F. R. notes in actual c ir culation 13 » 355»968 Deposits : STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS 0» MAY 26, 1943 (In thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas 963,067 2 , 944,65 944,923 1 ,224,316 857,228 561,223 333,975 663,349 2,640,789 Sam Fran. 473,273 293,905 1, 454,450 628,057 1,030,062 505,779 475,709 1,768,322 432,994 233,606 526,407 463,638 1 ,,223,720 (J.S.Treasurer-general acct. 344,899 6,112 95»6o6 32,740 35,611 11,558 14,930 12,929 20,730 17,876 21,717 47,565 19,525 63,611 29,166 101,665 Foreign ~ 958,016 2?,¿74 1/451,773 76,665 79,165 23,333 24,999 35,033 24,999 18,333 8,161 4,088 2,916 2,332 Other 363,933 4,871 253,195 10,244 3,763 36,771 12,731 10,064 9,797 Total deposits 13,506,073 653,765 4,736,697 728,312 1,149,711 573,126 528,488 1,909,014 499,454 284,879 565*061 505,899 1,371,667 Deferred a v a ila b ilit y items 1 ^ 6 ,2 5 6 97,168 235, 45? 68,199 127,817 87,729 64,050 161,014 53>640 24,038 62,684 40,843 123,610 Other lia b ilit ie s including 275 904 ____________§ 9 1_____ 151______ 311_537_____________ 427 accrued dividends 8,004808 1,9 15 1,19 6 ______________ 665 514 -Wi-OxiiL; TOTaL liab ilities Capital paid in Surplus (Section 7) Surplus (Section 13b) other capital accounts TOTAL liab ilities AND 28,016,301 147,380 l 6 o ,4 ll 26,829 83,300 capital accounts 28, 434,221 Commitments to make industrial advances 12,885 i\ R. notes outstanding 13, 903,006 Collateral for F.R.notes held by F.R.Agents* Gold certificates 13,423,000 Eligible paper 20,088 U. S. Gov't securities 747,591 1715,608 7,9lS,.725 1742,630 2 , 502,509 1518,597 1256,162 4 , 711,72 1 1114,613 643,053 1101,329 841,192 2 , 950, 162 9,520 53,909 n ,6 ? 9 15,313 5,961 5,285 16,473 4,629 3,178 4,800 4,495 12,138 ll,l6 o 58,001 15,670 14,767 5,236 5,725 22,925 4,966 3,221 3,613 4,083 11,044 2,874 7,070 4,393 1,007 3,244 717 1,429 530 1,000 1,13 7 1,307 2,121 5,169 23,479 5,918 7,914 4,095 3,709 12,801 3,739 3,555 3,763 3 ,17 5 5,983 : " ■■' 1744,331 3 ,o 6 l,l8 4 1780,290 2, 541,510 1537,133 1271,598 4, 765,349 1128,477 654,007 1114,642 854,252 2,981,448 717 10 2,007 350 1,207 78 — 1,824 3,030 — 999,605 3,047,485 9 7 2 ,o?i 1 , 258,712 892,275 7.28,184 2,684,488 595,401 34o,462 966,000 3,060,000 875,000 1,270,000 787,000 675,000 2,730,000 — — 60,000 — 300,000 345,000 490,000 3,550 200 407,591 — 1,165 10,418 50,000 — 4,580 100,000 — 125 — 125,000 — 3,662 492,699 333,030 1,558,594 341,000 1,584,000 50 5,000 maturity distribution of bills and securities 21,383 13,051 31 to 60 days 61 to 90 days 19,293 10,356 1,775 33 4o 218 275 629 9 I days to 6 months — 377 6 months to 1 year — 634 526,122 567,200 1,016,632 174,476 617,108 904,847 180,583 l / A fte r deducting $501,963,000 p a r tic ip a tio n s o f other Federal Reserve Banks. 1 to 2 years — 650 335,000 2 to 5 yoars — Over 5 years 1 1 Pii Ils discounted Industrial advances u. S.Government secu rities, direct and guarantead 16 to 30 days )£ Total Within 15 days 886,221 1,152,977 Form. F. R. 283a Released fo r p u b lica tio n Friday morning, Kay 2B,1945? n° t e a r lie r . STATEMENT of condition OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands o f d o lla rs) Increase or decreaso since Kay 26, 1943 Hay 19, 1943 May 27, 1942 20, 205»417 52,835 370,297 - 29,498 + 7,989 + 5,205 20,620,549 - 16,304 - 301,214 + 56,745 + 80,769 - -185,700 21,383 + 11,300 — + 16,299 962 21,383 13,051 + 11,300 4 + + 15,337 2,262 1,768,998 948,300 1 , 099,200 2,564,085 - 52, OéÇ - 3,500 — +203,464 + 159,066 + 252,625 +1,072,550 +2,207,676 6,180,583 +142,395 +3» 691*917 6, 215,017 137 55»180 1,423,870 38,377 72,591 +154,199 — - 1,909 - 198,631 39 + 712 +3.709.516 + 90 + 3i»46o + 428,571 1,668 + 23,225 28,454,221 - 61,972 +4,007,494 13, 355,968 +101,226 +4,366, o45 1 1 , 833,425 344,399 953,816 363,933 13,506,073 1 , 146,25 6 + - + + - -102,908 + 229,153 3,004 28,016,301 +' 1,070 - 63.078 + 2,087 +5,966,635 147,380 160,411 26,829 83,300 28,434,221 + + + + + ASSETS Gold c e r t ific a te s on hand and duo from U.S. Treasury Redemption fund - F. R. notes Other cash Total reserves B ills discounted: Secured by U* S. Gov’ t obligation s, d irect and guaranteed Other b i l l s discounted Total b i l l s discounted Indus t r i al advanc e s U. S.Government s e cu ritie s, d irect and guaranteed: Bonds Notes C ertifica tes B ills Total U. S. Government se cu ritie s, d irect and guaranteed Total b i l l s and secu rities Due fron foreign banks F. R. notes o f 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 circu la tion Deposits: 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 TOTAL LIABILITIES G A P I ! AL A C C 0 U N T S Capital paid in Surplus (Section 7) Surplus (Section ljb ) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS R.~tio of tota l reserves to deposit and F. R. note li a b i l i t i e s combined Commitments to make in dustrial advances 76 . 8/0 12,885 45,608 34,152 2Q.221 13,927 62,466 9 -+ 1,097 -.61,972 - .2% 160 628,969 105,956 11,246 118,883 630,650 2,700 2,909 48 35,202 +4, 00.7.494 - 15. 2% - 1,493 Form F. R. 283b STATEMENT OF CONDITI® OF THE FEDERAL RESERVE BANKS ‘ ON MAY 26, 1943 ( In thousands of dollars) ASSETS Total Gold certificates on hand and due from U# S. Treasury 20, 905,417 Redemption fund - F.R.notes 52,835 Other cash 370,297 Total reserves Boston New York Phila. 20,628,549 1240,258 5 , 651,710 1293*434 1 , 900,388 1121,831 1,165 — 10,418 — 4,580 Total b i lls discounted 1,165 10,418 4,580 1,735 605 4,789 128,955 69,128 80,128 93,430 437,792 234,685 133,421 71,521 32,904 98,316 21,383 13»091 Industrial advances U. S. Government securit•ies, direct and guaranteed: Bonds 1,768,998 Notes 948,300 Certificates 1 , 099,200 B ills 2,364,085 Total U# S# Gov*t secu rities, direct and guaranteed 6,180,533 Total b ills and securities 6, 215,017 Due from foreign banks 137 F. R. notes of other banks 55,180 Uncollected items 1,423,870 Bank premises 30,877 Other assets 72,591 Rich. 1205,333 5,564, 6q4 1264,398 1,866,579 1079,679 2,882 710 1,378 8,336 6,197 33,816 85,638 32,043 22,839 33,099 B ills discounted: Secured by U* S. Gov* t obligation s t direct and. guaranteed 21,383 -Other b ills discounted tgtaL assets Cleve. 28, 434,221 .272,030 1105,457 4o -- — 4o 960 125 125 488 169,550 .1 1 1 , 038' 90,389 59,523 105,353 ‘ 60,996 66,760 93,348 Atlanta Chicago St.Louis 910,362 3,661,845 856 3,683 18,110 40,171 932,175 3,702,872 500 500 -- — 500 270 90,751 48,648 56,390 50. 153- 306,317 245,942 848,060 374,541 2 , 060,987 1/ 108 3 1,242 8,580 312,607 120,855 9,750 2,703 17,442 . 4,729 395,531 46o , l 4o 4 5 1,957 1 - 2,236 79,163 166,093 4,696 4,279 8,37ö 5,504 306,930 246,712 2 6,434 3 i,o 4 i . 1^678 3,556 843,629 784,372 606,529 225 -- 30 50 42 225 30 19 4,025 84,555 45,317 52,527 54,896 70,558, 37,824 43,843 36,890 .173,068 92»776 107,539 156,021 —- 49 32,300 30,945 ; 412,732 144,831 416,282 145,080 ♦ 1 6 4,460 5,388 1,074 195,674 68,363 31,047 1,300 2,396 2 ,-094 9,334 3,375 2,399 2,287,971 50 2001 -- 52,787 28,299 459,140 ♦Less than $500. 3,550 -- 84,240 232,303 124,532 45,158 144,346- 52,344 346,879 230,990 3^6,162 1744,331 8,061,184 1700,290 2541,510 1537,133 1271,598 633,902 473,107 200 69 764,274 595,216 2,228,653 502 550 6,759 19,596 10,763 52,55? 599,673 464,691 271 20,711 13,513 8,145 3,550 — 500 371,641 2,049,964 2 ■4 ,8 Ï5 95,957 3,017 4,531 Minn. Kans.Cy. Dallas San Fran. - ■ 237,27-5 189,115-■ 529,4o4 237,367 189,359 1 l 7,025 2,028 79,623 52,238 .1 , 026 2,778 3 >406 3,071 533,459 4 9,441 141,139 2,660 6,774 4,765,349 1128,477 654,007 1114,642 354,252 2,931,448 l/ After deducting $29,000 participations of other Federal Reserve Banks.
@FedFRASER