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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

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-

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a

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a n

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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

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F ,
U
B
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c o

a n k
t h

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l l e
p

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a n

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c t e

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T O T A L

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f o

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a

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s

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o

t h

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i t i e

r i t i e

B

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b a n

T

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a

t i o

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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.