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Form F. R. 283-d STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 7, 19U2 Released for publication Friday morning, May 8j not earlier. CONDITION OF THE FEDERAL RESERVE BnNKS During the week ended May 6 member bank reserve balances decreased $218,000,000. Reductions in member bank reserves arose from increases of $122,000,000 in money in circulation, $248,000,000 in Treasury deposits with Federal Reserve Banks, and $7,000,000 in Treasury cash, offset in part by increases of $129,000,000 in Reserve Bank credit, $14,000,000 in gold stock, and $5,000,000 in Treasury currency, and a decrease of $10,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 6 were estimated to be approximately $2,6^0,000,000, a decrease of $130,000,000 for the week. The principal changes in holdings of bills and securities were the addition of $21,000,000 of United States Treasury certificates, and increases of $38,000,000 in bonds and $27,000,000 in bills. Changes in member bank reserve balances and related items during the week and the year ended*May 6, 1942, were as followst Increase or decrease since May 6, 19u2 ^pril 29, 19u2 May .7, 19lll (In millions of dollars) Bills discounted U, S. Government direct obligations U. S, Government guaranteed obligations Industrial advances (not including 12 million commitments - May 6) Other Reserve Bank credit • 1 +86. -- t + 7 253 1 10 118 — + 42 + • 2 83 Total Reserve Bank credit Gold stock Treasury currency 2,572 22,703 3,291 +129 + 14 + 5 + + + 343 178 166 Member bcjik reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmexriber deposits and other F. R. accounts 12,444 11,845 £,193 376 1,708 -218 •122 + 7 +248 - 10 - 996 +2,694 99 • 42S - 485 8 2,432 4 Form F. R. 283-c L I A B I L I T I E S Total F.R.notps in actual cir8,876,906 culation Deposits * Member bank-reserve acct. 12,1*1*3,881* U.S.Treasurer-general acct. 375,970 Foreign " 955,031 Other 1*58,097 Total deposits ll*,232,982 Deferred availability items 897,101* Other liabilities including accrued dividends 1*,992 TOTAL LIABILITIES STATELIEST OF CONDITION OF THE FEDERAL RESERVE BANKS CM MAY 6, 191*2 (In thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St»Louis St.Louis Minn. Kans^Cy. Dallas San Fran. 708,721* 2,250,81*6 62k,91+6 81*5,558 1*70,037 333,772 1,838,827 3l*7,761 2 2 5 , 1 3 1 288,181 ll£,993 79li,I30 599,625 5,311,61*3 2^,552 11*2,320 26,1*71* 1*99,1*11* 17,1*1*2 320,31*9 668,093 6,273,726" 81*,81*5 199,170 668,801 35,003 71,638 17,111* 1*60,116 336,986 1,912,638 363,390 202,268 399,931 310,992 53,71*5 12,833 15,501 17.-370 20.91*8 11*, 1*76 11,1*80 91,01*0 22,387 16,1*17 21,61*1 21,61*1 32,851* 26,118 957,397 11*5936 56,771* 23,195 920,097 12,806 68,653 21*, 639 792,556 1,026,195 73,870 106,711 11,380 3,867 3,007 10,882 8,1*73 8,900 3,81*9 "518,806 370,U51 2,060,1*30 1*09,492 21^,659 M*7>0i*^ J7IJIW 1,057,302 1*5,320 79,81*2 1*0,735 131,520 kh,71*1 2 1 , 1 1 9 38,331 30,900 300 168 I90 191* 197 531 21*,oil,981* 1 , 1 * 6 2 , 2 2 1 8.,725,081* 1,1*91,71*6 1 , 9 7 8 , 9 5 6 1 , 0 6 9 , 0 8 1 753,207 1*,031,308 802,191 1*89,077 771*,51*8 537,513 1,897,052 559 1,31*2 371* 1*92 396 21# C A P I T A L A C C O U N T S Capital paid in 11,812 11*, 787 5,815 1*,9U9 15,861* 1*,V70 3,01*6 1*,662 i*,i*28 11,928 11*1*, 621 53,1*1*7. 9,1*13 Surplus (Section 7) 56,651 .157,502 10,91*9 15,171 H*,3U6 5,236 5,725 2 2 , 9 2 5 fc.966 3,152 3,613 3,976 10,792 Surplus (Section 13b) 2.,871* 7,070 1,007 3,21*1* 713 1,1*29 530 1,000 1 , 1 3 7 1 , 2 6 3 2,121 26,781 1*,393 Other capital accounts 2,506 13,21*6 3,135 1*,672 1,989 2,388 8,1*31 1,929 2,579 2,082 1,937 3,012 1*7,906 TOTAL LLJBILITIES AND CAPITAL ACCOUNTS 21*,338,791* 1,1*87,963 8,855,1*98 1,526,257 2,013,768 1,085,365 766,982 1*,079,957 311*,086 1*90,351* 786,01*2 51*9,117 1,921*,905 Commitments to make industrial advances F.R.notes outstanding Collateral for F.R.notes held by F.R.^gentsj Gold certificates Eligible paper 221 1^09 731*,8G7 2,363,191* 1,306 61*1*,771 1,11*8 8'.76,605 1,61*2 1,286 2,031* 1,1*50 -97 — 507,31*2 353,770 1,883,530 365,827 229,1*28 298,952 163,305 ,110 862,01*2 9,381,500 7,582 71*0,0002,370,000 6,065 61*5 665,000 380,000 5 2 5 , 0 0 0 3 6 0 , 0 0 0 1 , 9 0 0 , 0 0 0 370,000230,000 071*,000 Total Bills discounted 7,921* Industrial advances 9,950 U.S.Government securities, direct and guaranteed 2,106,101* 2 11,703 9,283,661 Within 15 days 7,302 1*,136 19,600 810 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 1 6 to 31 to 6 1 to 9 1 days to . 6« months 30 days 60 days 9 0 days 6 months to 1 Year 208 95~ 187 50" ~ 2 1,000 2k2 598 60i* 81*0 5,100 15,521 75,781 86,900 70,100 3 0 0 , 0 0 0 167,500 62 1 to 2 years 2 to 5 years 1,1*1*6 i;ocl* 317,000 367,100 Over 5 years 1,1*78,202 Form F. R. 283-d Released for publication Friday morning, May 8,191*2; not earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BiiNKS COMBINED (In thousands of dollars) Increase or decrease since May 7, 191+1 x.pril 29, 191+2 May 6, 1942 L S S £ T S Gold certificates on hand and . due from U. S. Treasury Redemption fund - F. R# notes Other cash Total reserves 6,001 . * + 330 - 21,287 291,679 1+.727 17,389 - 15,616 • 279,017 .* ih.Bll 297,613 20,806,895 Bills discounted* Secured by U* Sr. Govtt obligations, direct and guaranteed Other bills discounted 7,103 821 • * 51+7 336 * 6,253 180 Total bills discounted 7,921+ •" 933 + 6,1*33 Industrial advances U. S. Government securities, direct and guaranteed; Bonds Notes Certificates Bills Total f, ti. Government securities, ciTrool unu guaranteed 9,950 1+7 1,606,902 6?2,500 20,700 116,002 • 38,312 • 20,700 + 27,000 21*3,102 127,800 20,700 116,002 2,1*36,101* + 86,012 2 5 2 . poll Total bills and securities 2,1*53,978 + 86,898 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 1*7 25,605 1,015,177 1*0,560 • 16,53^ TOTAL ASSETS •f 1,891 m — + — • • 260,328 W W 1.115 8,852 21 291 - 1,591+ 239,979 657 2,325 21*,383,?9l* • 63,815 779,250 8,076,906 • 95,171 •2,533,029 12,^3,8311 375,970 955,031 1+58,097 -218,501 +21+7,586 * 62,102; - 69,553 • 1^,232,932 • 21,63k -1,916,152 897, lolt - 51,005 157,115 l+,992 21*, Oil, 981* - 2,01*9 + 63,751 + 1+ * L I A B I L I T I E S R* notes in actual ciiculation Deposits* Member bank - reserve account U. S. Treasurer - general account Foreign Other deposits Totel deposits Deferred availability items Other liabilities including accrued divioends TOTAL LJAOJLIII^S C A P I T A ! 99 77l», 0 9 1 i C, 0 0*U S I S Capvtal pa?.o in SurrAus.' (tfootion 7) Surplus ^Section l^b) Other oopital accounts TOTAL LIABILITIES . J.D CAPITAL ACCOUNTS Ratio of total reserves to deposit and h* note liabilities, combined Comnitnents to make industrial advances - 995,811* 1+27,971 271,521+ 220,81*3 11^,621 157,502 26,781 1+7,906 21*, 363,79U 90.<$> 11,703 63 • k, 367 li37 1* 359 • 63,015 + 779,250 — m> — + - + -..fy 30 - • . 3-31 Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAHKS CW mY (In thousands of dollars) 6, 19I+2 A S S E T S Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. 'Treasury 20,1+9*+,1+11 1,169,118- 7,867,920 l,221+,96l 1,606,761 Redemption fund - F.R.notes ll+,871 3,230 1,1+50 675 1+80 Other cash 297,613 25,318 70,61+7 16,260 28,182 829,180 587,611+ 3,51*8,1+75 628,222. 389,1+03 621,228 1+02,681+ 1,618,81+5 1,722 311805 332 21+3 1*92 377 1*,751 13,286 16,5I9 53,956 li+,1+72 6,071 11,01+8 12,31+7 29,507 Total reserves 8l+l+,188 60I+,1+1+7 3,603,236 61+3,026 395,717 632,768 1+15,1+08 1,653,103 20,806,895 1,197,666 7,91*9,017 1,21+1,896 1,635,1*23 Bills discounted: Secured by U. S.Gov*t obligations, direct and guaranteed 7,103 Othar bills discounted 821 61+5 — 5,515 550 810 — 1+9 -- — — — — -— -— — — 35 27 11+ 238 35 6 7,921+ 61+5 6,065 810 1+9 — — — — — 62 252 1+1 Industrial advances 9,950 U. S. Government.securities, direct and guaranteed: Bonds 1,606,902 Notes 692,500 Certificate* 20,700 Bills 116,002 Total U. S. Gov't securities, direct and guaranteed" 2,1+36,101+ 992 1,088 l+,962 655 899 120,1+12 51,891 1,551 8,693 1+36,250 188,001+ 5,620 31,1*93 127,1+01+ 5U,90l+' 1,61+1 9,197 163,31*0 70,391 2,10l+. 11,792 97,m 1*1,851 1,251 7,010 182,51+7 661,367 193,11*6 198,918 Total bills discounted Total bills and securities" 2,l+53,978; 181*,181+ 668,520 Due from foreign banks F.R. notes of other banks Uncollected items Bank premises Other assets • 25,605 .1,015,177 i+0,560. 1+6,532 3 600 99,571 2,759 3,180 18 2,1+39 221,1+13 10,1+31* 12,607 TOTAL ASSETS 5 1,1*22 75,56o l+,82l+ 3,632 I93 8 1+62 66 212 101 69,378 29,898 89I+ 5,008 198,91*1* 76,580 85,735 33,005 2,563 98$ ll*,j62 5,528 1+8,562 20,927 626 3,506 63,226 29,1+02 8 79 l+,925 62,1+33 26,90? 80l+ 4*507 138,262 59,585 1,781 9,98.1 21+7,627 11+7,223 105,178 301,60l+ 116,099 73,621 103,1+32 9l*,651 209,609 21+7,869 ll+7,878 106,077 301,916 116,107 71*,083 103,560 95,115 209,751 1+ '2,225 118,601 1+,1+01 '5,21+5 312 2 2 6 1 * 1 1 1+ ' 3,1*^9 3,61+0 3,603 2,851 551* 1,266 521*2,962 83,839 1*8,973 162,79*6 1*7,960 2 5 , 7 7 6 1+3,679 35,160 51,81+1+ 3,055 1,961+ 2,951 2,11+0 1,329 2,81+9 1.113 2,71+1 2,931+ 1,871*. 5,1*1*9 2,001 1,395 1,919 1.796 1*,500 21+,388,791* 1»487,963 8,855,1*98 1 , 5 2 6 , 2 5 7 2,013,768 1,085,365 766,982 1+,079,957 811+,056 1+98,851* 786,01+2 .51+9,11.7 1,921*,905 •Less than $500.
@FedFRASER