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Form F. P.. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, May 30; not earlier. Board of Governors of the Federal Reserve System May 29» 1941. CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 28 member bank reserve balances increased $17,000,000* Additions to member bank reserves arose from decreases of $59,000,000 in Treasury cash, $15,000,000 in Treasury deposits with Federal Reserve Banks and $46,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $8,000,000 in gold stock and $2,000,000 in Treasury currency, offset in part by an increase of $108,000,000 in money in circulation and a decrease of $6,000,000 in Reserve Bank credit. Excess reserves of member banks on May 28 ?/ere estimated to be approximately $5,820,000,000, a decrease of $40,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended May 28, 1941, were as follows* Increase or decrease since May 28, 1941 May 21, 1941 May 29, 1940 (In millions of dollar s) + 1 - 28 G 5 Bills discounted 4 U. S, Government direct obligations 2,179 U. S. Government guaranteed obligations 5 Industrial advances (not including 12 million comaitments - May 28) 8 Other Reserve Bank credit 35 + 2 — - 7 + Total Reserve Bank credit Gold stock Treasury currency 2,231 22,573 3,133 - 6 + 8 + 2 - 280 +3 j411 + 126 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F.R. Banks Nonmember deposits and other F. R. accounts 13,749 9,294 2,221 46 2 2,212 + 17 +108 - 59 - 15 - 46 + 534 +1,609 + 21 + 84 +1,009 111^ ' — - i 13 Form F. R. 283-a Released for publication Friday morning, May 30» 1941 j not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANES COMBINED (In thousands of dollars) Increase or decror.se since May 28, May 21, May 29, 1941 1941 1940 ASSETS Gold certificates on hand and due from U.S. Treasury + 60,001 +3,381,259 20,316,732 -Redemption fund - F. R. notes 528 + 9,549 - _ 59*433 Other cash 299,593 “21*422 Total reserves 20,625,874 + 38,569 +3 ,322,354 Bills discounted» Secured by U. S. Gov’ t obligations, direct and guaranteed + + 1,894 1,673 3,433 — 531 Other bills discounted 722 + 64 Total billa discounted + + 1,953 1,092 4,155 — Industrial advances 998 + 9 8,163 U.S. Government securities, direct and guaranteed* Bonds + .16,305 1,363,800 — Notes 820.300 309,325 Total U. S.Government securities, — direct and guaranteed 2,184,100 293 r020 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 292,926 6,174 191,362. 1,536 11,742 2,196,418 47 25,436 828,654 40,019 51,819 + 1,967 — - 1,686 -157,432 36 + 1*307 + 23,768,267 -117,311 +3,213,636 6,460,010 + 75,623 13,748,879 461,674 1,240,046 686,292 16,136,891 793,831 + 17,044 - 15,470 - 1,155 - 44,158 - 43,739 -149,760 . s.6.12 23,396,394 + 495 -117,381 + 140,284 157,065 26,785 ___ 47,732 23,768,267 + + 65 -117,311 + 4,133 + 5,345 54 + 9,071 +3,213,636 + .1* + 1,262 + + - + — L I A B I L I T I E S F. R, notes in actual circulation Deposits* Member bonk - 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 AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to make industrial advances 91.3* 12,342 — — 5 +1,421,624 533,731 33,925 + 799,960 + 176,323 +1,594,444 + 173,692 + + 431 +3 ,195,191 2.9£ 3,490 Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 28, 194-1 (in thousands of dollars) ASSETS Total Boston New York Phila. deve. Rich. Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 20,316,732 1-204,989 9,299,960 1,198,306 1,481,542 668,362 423,465 3 ,202,230 484,376 320,254 451,853 301,295 1 ,280,100 Redemption fund — F.R. notes 9,549 948 858 470 777 1,690 167 997 171 972 947 419 1,133 Other cash 299,593 18,116 19,808 27,846 20,441 22.860 66,501 38,014 17,664 5,668 18,091 14,810 29,774 Total reserves 20.625.874 1.225.900 9,367,458 1,222,113 1,500,435 689,860 452,259 3*241,377 502,459 326,089 470,115 316,963 1,310,846 Bills discounted* Secured by U. S.GovM; obligations, — — 27 146 27 498 200 2,305 30 direct and guaranteed 3? 433 85 115 —— 8 68 60 160 56 l4l Other bills discounted 722 19 35 175 Total bills discounted 4.155 Industrial advances 8,163 U. S. Governnent securities, direct and guaranteed* Bonds 1,363,800 Notes 820,300 68 356 2,305 — 187 168 71 90 276 202 2,938 98,544 59,273 389,312 234,163 108,110 65,027 136,462 75,859 59,247 82,079 45,627 35,637 156,506 63,283 4L,178 66,277 54,979 94,136 38,062 24,769 39,863 33,068 114,043 68,596 Total U. S. Gov’ t securities. direct and guaranteed 2.184.100 157,817 623,475 173,137 218,541 121,486 94,884 250,642 101,345 65,947 106,140 88,047 182,639 Total bills and securities 8 158,722 176,277 Due fron foreign banks F. R. notes of other banks Uncollected itens Bank premises Other assets 47 25,436 828,654 40,019 51,819 3 475 77,878 2,810 3,529 625,877 18 1,775 198,387 9,798 14,105 219,098 122,424 95,138 2 2 4 1,965 6,015 2,938 104,644 66,961 33,654 2,598 1,973 4,525 5,566 3,176 2,190 251,066 103,650 66,517 106,379 88,413 * 6 1 1 1 490 4,509 1,416 1,376 1,106 120,919 47,709 21,454 31,114 28,760 3,018 2,301 1,357 2,980 1,196 5,661 2,226 1,593 2,435 2,270 182,857 4 2,171 42,334 2,810 4,660 TOTAL ASSETS 771 5 1,200 54,840 4,6 53 4,408 235 322 85 853 8 246 673 1,729 134 383 — 218 23,768,267 1,4^,317 10,217,418 1 ,463,4-96 1 ,836,237 891,036 588,154 3 ,626,556 659,762 418,386 614,130 438,093 1,545,682 *Less than $500. Porn F. R. 2S>-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON LIAI 28- 1941 (in thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual cir culation 6 ,460,010 Deposits * Llenber bank-reserve acct.13 ,748,879 U.S.Treasurei^-Gcneral acct. 461,674 Foreign 1,240,046 Other deposits 686,292 Total deposits 16,,136,891 Deferred availability itens 793,881 Other liabilities including accrued dividends 5,612 Boston New York Phila* 532,940 1,704,088 447,658 600,294 304,204 209,451 1,398,156 240,949 168,574 217,027 102,106 534,563 738,766 6,857,261 18,977 125,057 703,062 56,529 526,378 21,294 777,180 42,956 81,327 21,364 971,385 31,545 77,135 20,984 412,423 273,464 1,895,721 295,718 170,907 285,980 24]-,297 46,116 27,328 22,961 36,365 .27,831 38,967 21,529 36,052 29,345 100,611 25,153 18,445 24,314 24,314 8,700 9,796 8,738 9,615 3,606 15,369 7,568 828,777 21,042 63,759 32,880 835,566 74,605 8,212,758 170,570 922,827 1,101,049 502,811 331,906 2,051,148 357,995 221,051 356,274 297,048 57,947 99,945 67,662 33,030 128,983 48,876 18,919 29,379 27,293 946,458 36,667 595 1,608 549 Cleve. 577 Rich. Atlanta Chicago !3t.Louis Llinn. Kans. Cy. Dallas San Fran. 423 168 63O 188 153 208 206 299 TOTAL LIABILITIES 23:,396,394 1,443,706 10,089,024 1,428,981 1,801,865 875,100 574,555 3 ,578,925 648,008 408,697 602,888 426,658 1,517,987 C A P I T A L ACCO U N T S 14,483 5,439 4,802 11,718 Capital paid in 11,900 14,925 4,291 3,002 4,516 4,270 140,284 51,585 9,353 10,906 22,824 4,925 3,152 3,613 Surplus (Section 7) 3,974 15,144 157,065 56,447 5,725 10,785 14,323 5,247 Surplus (Section 13b) 2,121 1,429 7,070 1,007 3,244 2,874 26,785 713 533 1,000 1,138 1,263 4,393 Other capital accounts 3,078 3,071 2,478 13,292 4,559 2,006 2,359 47,739 8,453 2,005 2,535 1,975 1,928 TOTAL LIABILITIES AND 23>768,267 1,469,317 10,217,418 1,463,496 1 ,836,237 891,036 588,154 3 ,626,556 659,762 418,386 614,130 432,-93 1,545,682 CAPITAL ACCOUNTS Connitnents to nake industrial 21 advances 3,728 1,611 1,691 1,101 32 6 346 41 1,314 172 12,342 2,279 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 2 Years to Over 91 days to 6 nonths 1 Year Within 16 to 31 to 61 to 5 Years Total 15 days 6 nonths to 1 Year to 2 Years 5 Years 60 days 90 days 30 days Bills discounted 48 150 116 215 15 3,611 4,155 2,078 Industrial advances 141 570 795 1,125 1,764 1,488 8,163 202 U. S. Government securities, 127,800 686,400 1,176,600 136,300 57,000 direct and guaranteed 2,184,100 Forti F. R. 283-d FEDERAL RESERVE NOTE STATEMENT Oil IIAY 28, 1941 (ln thousands of dollars) Total Boston New York Phila. Federal Reserve notes* Issued to F,R.Bank by F.R. Agent Held by Federal Reserve Bank In actual circulation Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. 6,767,692 551,562 1,780,734 464,707 623,293 318,470 232,621 1,433,416 255,628 174,431 227,971 115,435 589,424 307,682 18,622 76,646 17,049 22,999 14,266 23,170 35,260 14,679 5,857 10,944 13,329 54,861 6,460,010 532,940 1,704,088 447,658 600,294 304,204 209,451 1,398,156 240,949 168,574 217,027 102,106 534,563 Collateral held by agent as se curity for notes issued to banks Gold certificates on hand and due from U.S. Treasury Eligible paper Total collateral 6,909,000 570,000 1,795,000 470,000 625,000 350,000 240,000 1,460,000 269,000 177,000 230,000 119,000 604,000 2,305 179 164 — 85 202 3,742 134 673 6,912,742 570,134 1,795,673 470,202 625,000 350,085 240,000 1,460,000 271,305 177,179 230,164 119,000 604,000
@FedFRASER