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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday, morning, May 5» not e a r lie r . Board o f Governors o f the Federal Reserve System May 1+, I 9I+I+. CONDITION OF THE FEDERAL RESERVE BANKS D uring th e week ended May 3 member bank r e s e r v e b a la n c e s in c r e a s e d $153,000,000,' A d d it io n s t o member bank r e s e r v e s a ro se from an i n c r e a s e o f $214.5 , 000,000 In Reserve Bank c r e d i t and d e c r e a s e s o f $ll+l+,000,000 in T r e a s u r y d e p o s i t s w i t h Fedoral R eserve Banks and $1+6,000,000 in nonmember d e p o s i t s and o th e r F e d e r a l P e se rve a c c o u n ts , o f f s e t in p a r t b y an i n c r e a s e o f $213,000,000 i n money in c i r c u l a t i o n and $7*0. 0,000 in T re a s u ry c a sh and d e c r e a s e s o f $54*000,000 in g o ld s t o c k and $2,000,000 in T r e a s u r y c u r r e n c y . E xcess r e s e r v e s o f member banks on May 3 were e stim a te d to be a p p r o x im a te ly $300,000,000, There was an i n c r e a s e o f $29 !+,000,000 in h o ld in g s o f United ¿ t a t e s Govern ment s e c u r i t i e s ; b i l l s i n c r e 'a s e d '$21+2 , 000, 000; c e r t i f i c a t e s $1+6 , 000, 000; n o te s $ 5 , 000, 000 ; and bonds $2 , 000, 000. Changes in member bank r e s e r v e b a la n c e s and r e l a t e d item s d u rin g th e week and th e y^ar ended May 3 , I 9 IU4., were as fo llo w s» I n c r e a s e or d e c r e a s e s in c e May 3, A p r i l 26, 1944 May 5» I9UU 1943 (In m illio n s of d o lla r s ) Loans, d i s c o u n t s , and advances Other R eserve Bank c r e d i t 13,292 97 3lU + 29I+ 4 45 + 6,761 '+ 68 451 T o ta l R e se rve Bank c r e d i t Gold s t o c k T re a s u ry c u r r e n c y 13,730 21,375 l+,092 + - 21+5 54 2 + 6,880 - 1,098 '7 8 Member’ bank r e s e r v e b a la n c e s to n « y in c i r c u l a t i o n T r e a s u r y cash T r e a s u r y d e p o s i t s w i t h F.R* Banks Nonmember d e p o s i t s and other- F .R .a c c o u n ts 12,690 153 218 7 144 46 + 781 + 4,931 + .89 • 493 552‘ U. S, Govt, s e c u r i t i e s ( i n c l , g u a r, s e c . ) 2 1 , 611+ 2,334 229 -2,330 • — «f + - Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MA.YJ, 1944 ( In,thousands o f d o lla r s ) Total Boston New York P hila. Cleve.t Rich. Atlanta Chicago St*Louis Minn. Kans.Cy.. Dallas San Fran. 18, 032,112 1198,032 4010,889 1206,409 1591. 130' 1188,949 1048,616 3368’,884 771*900 406,679 667*135 446,939 2,126,550 .L | * B I L I T I E S Federal Reserve notes Deposits: Member bank-reserve a cct. 12,690,347 U»S.Treasurer*general a cct, 228,906 Foreign 1,615*286 Other 357,61+6 613,807 4262,606 637*722 10,996 57*411 6,668 110,394 1/627,514 142,599 3,362 264,398 5*640 983,264 29,514 137*949 6,883 508,892 518,701 1934,274 6,620 3 ?, 295 5*938 49,600 192,198 61,999 2,224 5,5?6 8,638 440,883 274,820 577,730 9,233 12,165 9*947 48,050 3 4 ,io o 44,950 9,906 10,638 3,206 505,824 1,431,824 14,105 34,014 44,950 120,983 2,699 34,476 567,578 1, 621,297 44,179 165,294 Total deposits 14,892,185 738*559 .5211,929 792,629 1157,610 585,467 577,145 2164,343 508,072 331,723 635,833 Deferred a v a ila b ilit y items 1,311,574 103,630 262,308 78,239 176,694 57,322 24,874 80,602 146,955 101,968 69,509 Other l i a b i l i t i e s including 728 accrued dividends 9*318 623 312 768 2,601 850 251 304 247 305 1,395 934 TOTAL LIABILITIES 34, 245,189 2040,989 9407,727 2030,263 2096,629 1876,696 1704,350 5711,316 1337,598 763,523 1372>732 1058,947 3^ 13,869 Capital paid in 157,037 9,886 57,769 11,844 16,073 6,285 5,571 18,181 4,808 3,417 *5,U 5 4,914 13,176 Surplus (S ection 7) 188,097 13,206 70,01217,359 16,026 5,256 5,725 26; 490 6,330 3,669 4-,554 4,331 14*159 Surplus (S ection 13b) 26,965 2,874 7,092 4,421 1,007 3,290 749 1,429 530 1,000 1,137 1,307 2,129 Other ca p ita l accounts 71 ,5H 5,779 15,844 4,595 3*702 5*148 4*489 11,152 3,094 5,844 5,666 5^187 4 ,031 T0T.iL LIABILITIES AND 34,688,799 2070, 734: 9633,444 2118,932 2933,437 1896,655 1721,384 5763,548 1352*360 775,455 1587,252 1075,186 3,947*364 CAPITAL ACCOUNTS Commitments to make in d u strial — — — advances 2,692 48 5*802 458 8 ,1.289 50 1,257 18,585,081 1226,566 4169,544 1235,456 1627,413 1217,525 1085,976 3455,062 799,251 414,025 634,016 472,689 2,217,555 720.000 2570,000 500,000 196, 000 5,000 25,100 225,000 517,459 440,000 231,000 — 2,275 250,000 200,000 Discounts and advances Industrial loons U. S. Govt, s e cu r itie s ( in c l. guar, s e c ,) Within 15 days 755,000 1028,000 6,120 — 475,000 600,000 775,000 4,025 475,ooo 375.000 900,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES 6 months 9 I days to 31 to 16 to 61 to 90 days' • 6-months to- 1 year 30 days 60 days 1 to 2 years 84,983 11,835 62,633 11,005 3,545 25 8,725 76 10,280 255 132 270 80 13, 291,992 1,366,444 1,266,772 2,566,941 3,049,204 993,400 1,904,600 17,300 2 to 5 years O O Total. 744,000 3195,000 12,915 23,055 500, 000. 1000,000 rH 12, 753,000 78,490 6,017,459 O * £[>* F.R^aotes outstanding C olla teral fo r F.R.notes held by F.R.Agents: Gold c e r t ific a t e s E lig ib le paper U.S.Govt, s e cu ritie s — 500,000 Over 3 years mm mm 46 - 970,245 1,156,586 l / A fter deducting $935,790,000 p a rticip a tion s o f'o th e r Federal Reserve Banks. Form F, K. 283a Released fo r publication Friday-morning, May 5,191*1*» not earlier* S T A T E M T H E T W E L V E ( I n E N T O F C O N D I T I O N F E D E R A L . R E S E R V E t h s o u s a n d o f d o B A N K S l l a r s C O M B I N E D ) I n May 3, o l d c d u e R e d e m O t h T D t i f i c U e r c a s h o l d U . r p t i o n t a i s c o I n e f r o m u u S n s r e t s t r i a , G B i l l s C e N o t e s r t e . T f u n d - r v e a l o a n o v t , s t e e E T o n S a n d a s . s e l t i f i c a S r e s u F « v a R , n c e n o t q 18,895*1*25 .3lit »1*1*2 273,636 19,1*83,5~53 s u r i t i e s _ o t a ( l i n U , c T o t a D u e . f r o m F , U B O l n c o a n k t h n l l e p e r a n t e c t e s T O T A L L G s f o o r e m a , o v t , s a n d r e i g s c , ) s e c n s o f d i t e m e e c u b a n o t h e u r i t i e r i t i e B I I b a n T I s a t i o L o f I A B t o I L I T I E S t a l r e s e E e R , n o t e l i a b - 13,383,860 +289,930 +6,829,187 + + - + 3l*,683,799 + 79,220 89 6,026 92,01*9 l*,or33 •10,899 +5,71*0,81*9 13,032,112 +209,210 +1*, 873,737 12,690,31*7 223,906 1, 615,286 357,61*6 +153,730 -11*3,692 - 30, 878* - 15,590* - 36,1*30 - 9I*, 816 + 21*7 78,211 781, 121* 1*92,961 620,991 - 115, 81*1* + 793,310 1*1, 71*5 m mm + - 2,269 - 139,915 h5 931*' + + + s P I T A t o d e L p A C C O U N T S o •ll*, 392,185 i,3H ,57l* i l i t i e s c o m + •m + * 9,318 31*,21*5,189 2,339 +5,711,131 + * 157,037 183,097 26,965 71-,51I ‘ 31*. 683,799’ 132 + . • <$,911 27 686 136 3,081 +5,71*0,81*9 mm mm + ; + i , + ; - + 79,220 s i t , F, Commitments to make industrial, loans s i n d - 69, 91*0 1,888 + * S C A r v - - 136 68,0 m* 1, 652,139 31*, 883 •61,18k - T O T A L •+ +6,761,135 k s Federal Reserve notes DepositstMeniber banks - 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 CAPI T AL ACCOUNTS Capital paid in Surplus (S ection 7 ) Surplus (S ection 13b) Other ca p ita l accounts MD R - 1/ 360, 1*90 £67,255 . 78,1*25 - 1, 171,660 +29I*, 351* s L 77,500 +21, 60l*. 13,519 69,1*15 h, 1*0.0 21* 1.3»291,992 t s A 5» s A S S E T S I a y • +5, 111*,981 +1,91*7.790 186,061* . 1*87,700 i s e s s e M +21*1,851* 1*5,500 + 5,000 2,000 k s r s e : s g u a r * l o R , S l , c r e a • 19U3 - 7, 665,521 3, 013.91*0 1,163,761* 1,10*8,7^7 B o n d s T e . - 81*,983 ' 11,885 s , s c d e a n d r y s d c S h a n d a o r s i n • . 19UU • + G S s e Apr, 26, .191*1* A c r e a CD -O O F 52.2?. 5,802 b i n e d ♦ A p r i l 26 •; f i g u r e •# 2,992 s r e v i s e - d . 16.6fo 6,511 Form F. R. 283b STATEMENT OF. CONDITION OF THE FEDERAL RESERVE' BANKS ON MAY 3, l<$Uk (I n thousands o f d olla rs) ASSETS T otal B bston New York P h ila . C leve. R ic h . A tla n ta Ch icago S t .L o u is Gold c e r t i f i c a t e s on handL and due from U .S .T r e a s u r y 18,895,1*25 1068,371* 5,160,1*02 1065,091* 1,533,51*5 1026,735 lQ0l*,205 3,1*90,159 Redemption fu n d - F .R .n o te s 1 311*,14*2. 26,897 2i*,650 • 30,666 19,872 25,067 1*1*, 65I* 50,355 Other cash 273,686 21, 888, 21,701 li*,560 15,706 1*1,061 77,576 20,591 707,1*1*7 11,825 11,065 515,753 2,396,519 28,971 11,3H* 23,232 8,287 19,1*83,553 1115,862 5,288,333 1111,632 1,585,912 1066,362 1039,783 3,575,871* 619,339 366,01*3 12,915 629 1*,025 6,120 1*,200 25,100 5,000 1 , 061* 23,055 81*,983 120 90 256 11,885 1 ,1*11 1* 5,1*11* 365 199 730,337 2,275 29 535,35k 100 2 197,536 257,81*8 91,776 160,671 62 039 35,1*39 77,232 1*1*, 118 202,351 Ik5,6k5 56,238 70,010 7,665,521 381*,701* 2,721,1*57 1*29,510 535,715 321,971 61*9,11*2 .2^1*, 676 31*2,91*1* 200,200 3,013,91*0 230,969 132, 1*20 77,302 1, 163, 76k 89, 181* 250,650 9l*,l*76 111,025 117,612 161*,850 96,233 312,031* 1,1*1*8,767 238,81*5 1,319.01*3 362,001 319,225 11*0,378 177,971* 51*,202 123,261 68,721 153,1*1*8 67,1*76 85,551 a 578,791* 31*8,398 29,080 11,091 11,1*65 6,551* s D is c o u n ts and advances I n d u s t r i a l lo a n s U.’ S . Govt, s e c u r i t i e s * B ills . C e rtific a te s Notes Bonds San Fran. 1 CM T o tal reserves Minn. K a n s.C y, D a l l a s 500 3,995 69k, 5ko 3lo,3ko 119,832 Ik9,i78 ' # T o t a l U. S . G ovt, s e c u r i t i es ( i n c i . g u a r, s e c . ) 13,291,99? 815,882 3,933,283 886,271* 1,175,929 695,706 571,091 1 , 911*.977 621*, 057 368, 869. 557,790 k7k,2i*k 1 , 273,890 T o t a l loans and s e c u ritie s 830,208 3,956,1*58 897,808 1,176,923 699*930 572,2i*5 1,919,181 61*9,157 371*, 12$ 560, 09k 17 . 7,192 256,377 2,923 6,981* 1* 3 1,586 1*,525 71*, 573 30,617 2,051 1,271 1,808 2 ,711 1* 1*,298 86,615 2,713 3,191 Due from f o r e i g n hanks F.'R .notes o f o th e r banks U n c o lle c te d item s Bank prem ises Other a s s e t s TOT.il ASSISTS 13,388,860 136 68,01*1* 1,652,139 31*, 883 a , 181* 10 1,298 117,331* 1,61*7 k,375 1 / 1*9. 12 , 009. 359»605 9,01*2 12, 91*8 12 1,955 99,621 3,552 1*,1*02 12 3,329 160,711 1*,176 7,371* 6 8,373 111*, 653 2,908 1*,1*23 1* 6,1*28 97,533 1,639 3,752 k7k*3k6 1,278,385 k 3,3kk 56,k0l 963 2,77k 11 13,707 198,099 1,998 6,ki*2 3k,688,799 2070,73k 9,638,IM 2118,982 2,938,1*37 1896,655 1721,381* 5,768,51*8 1352,360 775,1*53 1387,252 *073,186 3,9k7,36k l// A fter deducting $37»000 p a rticip a tion s o f other Federal Reserve Banks.