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Form P« R. 283 STATEMENT FOR THE PR4SS Released for publication Friday morning, May 29;' not earlier. Boa^rd qf Governors of the Federal Reserve System May 28, 191*2 CONDITION OF TEE FEDERAL RESERVE BANKS During the week ended May 27 member bank reserve balances decreased $19,000,000. Reductions in member bank reserves arose from increases of $83,000,000 in money in circulation, $9,000,000 in Trea-sury cash and $3,000,000 in nonmember deposits and other Federal Reserve^accounts, offset in part by a decrease of $65,000,000 in Treasurv deposits with Federal Reserve Banks and increases of $6 ,000,000 in Reserve Bank credit and $3,000,000 each in gold stock and Treasury currency. Excess -reserves of member banks on iaay 27 were estimated to be approximately $2,5140,000,000, a decrease of $30,000,000 for the -week. The principal change in holdings of bills and securities was an increase of $l*i*,000,000 in United States Government securities, bonds increased $3,000,000, notes $3,000,000, certificates £11,000,000, and bills $27,00u,000. Changes in member bank reserve balances and related items during the week and the year ended May 27, 191*2, were as follows % Increase or decrease since Iway 27, 1942 May 20, 191*2 May 28, I9hl ; (In millions of dollars) Bills discounted 6 2,1*82 U. S. Government direct obligations U. S. Governnent guaranteed obligations 7 Industrial advances (not including li* million commitments - LCay 2J) 11 Other Reserve .Bank credit 78 + 1 + 1*1 + 3 - 39 Total Reserve Bank crwdit Gold stock Treasury currency 2,5BU 22j7X2 3,302 + • Member bank reserve balances Monoy in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember „deposits and other F. R. accounts 12,1*67 11,971 2,197 .239 1,723 - 19 + 83 • 6 3 9 - 65 + 3 + + 303 +' 2 + + 3 1+3 + • 353 139 * 169 -1,282 +2,677 - 21* - 223 - 1*89 *'ormF.R. 283-b L I A B I L I T I E S Total F. R. notes in actual circulation 8,989,923 Depositsj member bank-reserve acct.12,467,394 U.S.Treasurer-general acct. 238,943 Foreign 947,570 Other ' 482,816 Total deposits 14,136,723 Deferred availability items 917,103 Other liabilities including accrued dividends 5,917 TOTAL LIABILITIES STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 3, 1942 (In thousands of dollars) Phila, Boston New York Cleve. Rich. Atlanta Chicago St.Louis 685,465 2,284,864 641,063 863,574 605,236 5,391,158 12,404 46,427 21,599 500,243 11,560 336,172 683,837 29,733 71,062 7,848 921,237 6,224 68,101 57,293 650,799 6,274,000 86,157 202,008 792,480 1 , 0 5 2 , 8 5 5 65,428 129,748 544 Minn. Kans^Cy. Dallas 226,098 292,289 151,247 12,056 .8,649 32,570 2 5 , 9 0 8 7,595 5,006 33,203 90/308 3,587 13,375 22,207 12,216 San Fran. 807,952 191,595 380,163 308,179 1,012,228 14,904 22,089 13,838 21,041 16,285 21,467 21,467 56,353 7,596 • 4 , 8 1 9 2,446 26,678 5 1 6 , 2 2 1 379,700 1 , 9 1 2 , 7 9 8 4 3 6 , 7 2 2 2 3 0 , 3 8 0 428,538 345,930 1 , 1 1 6 , 3 0 0 79*344 35,127 144,955 41,293 18,472 35,595 32,349 ' 46,627 291 183 154 182 15,866 4,479 22,925 4,966 1,429' 530 8,445 • 1,935 3,058 3,152 4,664 3,61'3 1,137 2,091 244 319 24,049,666 1,423,098 8,762,511 1,499,515 2,046,768 1,074,931 751.212 3,929,085 829,870 1*75,104 756,604 529,770 1,971,198 C A P I T A L A C C o UN I S Capital paid in lW,680 Surplus (Section 7) 157,502 Surplus (Section 1 3 b ) 26,781 Other capital aocounts 48,098 677 1,639 9,427 10,949 2,874 2,524 53,446 56,651 7,070 13,324 11,812 15,171 4,393 3,160 591 14,795 14,346 1,007 4,702 438 5,815 5,236 3,244 2,009 4,959 5,725 713 2,392 655 1,000 2,580 4,428 3,976 1,263 1,942 n,93l 10,792 2,,121 2,994 TOTAL LIABILITIES AND C A P I T A L ACCOUNTS Commitments to make industrial advances F.R.notes outstanding Collateral for F.R.notes held by F. R. Agentsj Gold certificates Eligible paper 24,426,727 1,448,872 8,693,002 1,534,051 2,081,618 1,091,235 765,001 3,977,750 841,780 484,894 7^6,109 541,379 1,999,036 459 893 9,414,138 '709,260 2,396,669 661,100 895,536 521,360 365,119 1,911.365 373,058 231,292 302,104 166,499 880,776 9,568,000 5,238 740,000 2,410,000 665,000 900,000 - 550,000 370,000 1,940,000 39Q,000 2 3 3 , 0 0 0 3 0 5 , 0 0 0 1 7 1 , 0 0 0 35 52 175 894,000 14,378 Total 6,046 10,789 Bills discounted Industrial advances U.- S. Government securities, direct and guaranteed 2,488,666 1,156 650 3,551 Within 15 days 5,084 5,635 30 775 1,518 1,910 719 2,034 2,258 — MATURITY DISTRIBUTION OF BILLS AND SECURITIES I to 2 16 to 31 to 61 to 91 days to 6 months years 30 days 60 days 90 days 6 months to 1 year 1 1 5 5 5 9 ' 3 W 1,444 171 719 635 660 448 70,100 63,821 45,102 108,550 320,975 31,756 291 2 t(j> 5 ye^rs ~~ 3,140 Over 5 years 1,077 367,100 1,481,232 Form*F. R. 283-a Released- for publication Friday morning, May 2cj, 19i|2j not oarlier, STATEMENT OF CONDITION OF 'THE TTiELVE FEDERAL RESERVE BAHKS COMBINED (In thousands of dollars) Increase or decrease since Kay 20, May 27, 19142 A. S S E T S Gold certificates on hand and duo from U. treasury Redemption fund - F. R. notes Other cash Total reserves Bills discounted: Secured by U.S.Gov't obligations, direct and guaranteed Other bills discounted' Total 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 bunks Uncollected items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S R. notes in actual circulation Deposits: Member bank - reserve account U. 5. Treasurer general -..ccount Foreign other Total deposits Deferred availability items Oth^r liabilities including accrued dividends TOTilL LIABILITIES C A P I T A L 20,506,631 16,090 289,528 - 1,778 ' 388 9,2kb 20,812,210= - 10,1314 186,375 * 119 679 1,651 21+0 .793 1,891 77 2,626 - 5,08*4 962 . 6,0146 10,789 + + 189^899 6,511 10,065 1,609,932 695.675 3,030 3,175 26,650 156,1409 11,000 + 26,650 + 12k, 625 . 26,650 156,1+09 2,1488,666 143,355 + 30l+, 566 2,505,501 1414,730 * 309,083 1*7 23,720 * • * — - — 2,235 * 1*9.366 -136,3140 18 950 24,^26,727 L03,2l47 * 995,299 II0,514.5 21+6,132 1,716 166,61+5 ' 526 2,1+53 658,^60 3,939,923 + 73,636 •2,529,913 1^,1467, 39ii 233,9.143 9ii7,570 - 18,620 65,06^ 2,3214 6,059 79,9149 97,1460 -1,281,1485 222,731 292,1+76 203,1+76 • 2 ,000,168 123,222 3514 305 653,272 - U82,816 lit, 136,723 917,103 - 5,917 2I4/0U9,666 * - -103,1419 A C C O U N T S Capital paid in Surplus (b^ction 7) Surplus (Section 13^) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F.R. note liabilities combined Commitments to make industrial advances IwAy 28, 1941 19U2 6 lUi,680 157,502 •26,7Ql * — • 1*8,098 166 * 214,1426,727 L03,2l47 * 90.0^O 11;,378 l+,396 1+37 1+ 359 658,1+60 - •F 660 * 2,036 F o r m F. R. 283-d STATEKBHT OF 'CONDITION OF THE FEDERAL RESERVE BANKS ON. MAY 2 7 , (In thousands of d o l l a r s ) A S S E T S Total Boston New.York Phila. Gold certificates on hand and d u e from U. S. T r e a s u r y 20,506,-631 1 , 1 2 8 , 6 8 7 7 , 8 7 2 , 0 7 2 1 , 2 3 8 , 3 6 0 R e d e m p t i o n fund - F . R . n o t e s ' 16,090 1,803 475 3-, 079 Other cash 289,528 7 1,613 15,219 24,733 Total 1942 reserves 20,812,249 1,156,499 7 , 9 4 5 , 4 8 8 Bills d i s c o u n t e d ! Secured b y U . S . G o v ' t o b l i g a t i o n s , direct and guaranteed 5,084 Other b i l l s discounted 9 650 - - 3,351 700 1,254,054 - Chicago St.Louis M i n n . Kcais.Cy. D alias. iSan Fruxu • 1,647,411 1,317 23,297 832,552 1,672,025 848,009 612,810 3,518,915 775 • Rich. .A t l a n t a Cleve. - 5 9 2 , 4 4 2 3 , 4 6 8 , 6 6 0 660,531 3 7 9 , 9 0 8 6 0 6 , 2 9 3 3 9 4 , 0 0 2 220. 288 1,000 443 339 1,559 1,555 11,112 14,220 6,266 11,721 48,688 13,902 19,368 25 29 — — — —— — — 675,039 386,394 617,848 1,^5,705 4,012 29,389 406,062 1,719,106 175 35 15 37 20 190 15 / 6 23 175 35 52 210 21 23 - - —• 6,046 650 4,051 775 54 Industrial advances 10,789 U. b. G o v e r n m e n t securities, direct and g u a r a n t e e d : Bonds 1,609,932 Notes <£5,675 Certificates 26,650 Bills 156,409 1,375 1,068 5,283 196 647 977 324 8 543 61 211 96 120,323 51,993 1,992 11,690 440,241 163,698 96,606 76,162 85,933 3,292 32,911 1,261 48,346 20>891 800 68,010 29,389 1,126 6,724- 19,321 7,399 4,697 6,607 62,277 £6,913 1,031 6,0.50 138,427 59,816 2,291 15,904 41,744 1,599 9,385 69,211 29,907 1,146 198,870 .190,235 7,287 42,771 127,761 55,207 2,115 12,412 Total U . S . G o v ' t securities, direct and guaranteed 2,488,666 185,998 680,534 197,495 253,048 149,334 106,988 307,416 117,733 74,734 105,132 96,271 213,983 T«?tal b i l l s and securities 2,505*501 188,023 685,653 203,553 253,298 149,981 107,965. 307,763 117,916 75,312 105,245 96,692 214,100 47 23,720 3 752 97,366 18 2,586 5 1,349 66,306 4 1,228 145,220 1 1 4 1,416 Total b i l l s discounted Due f r o m foreign b a n k s F . R . n o t e s of o t h e r b a n k s U n c o l l e c t e d items B a n k premises Other assets TOTAL A S S E T S -995,299 40,545 49,366 2,754 3,475 235,332 10,434 I3;49L 24,426,727 1,448,872 8 , 8 9 3 , 0 0 2 4,813 3,971 70,736 2,710 ' 3,849 83,188 3,082 4,392 5,451 1,534,05.1 2 , 0 8 1 , 6 1 8 6 2 3,124 2,454 37,804 1,961 2,005 1,091,235 765,001 •Less t h a n $500. i 2,370 42,215 * 13,449 525 19,838 38,764 555 35,086 1,329 1,496 2,849 1,986 I,H3 1,870 3,439 54,983 2,735 4,669 3 , 9 7 7 , 7 5 0 841,780 484,894 768,109 541,379 1,999,036 3,197 139,197 2,946 5,726 2,137 2,102
@FedFRASER