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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, November l4; not earlier. Board of Governors of the Federal Reserve System November 13, 1941 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November member bank reserve balances increased Additions to member bank reserves arose from decreases of in Treasury deposits with Federal Reserve Banks and in nonmember deposits and other Federal Reserve accounts, and increases of in Reserve Bank credit and in gold stock, offset in part by increases of in money in circulation and in Treasury cash. Excess reserves of member banks on November were estimated to be approx imately 3 ,540,000,000, an increase of -¿130,000,000 for the week. 1 2 1 1 1 3 , 0 0 0 , 0 0 0 . | 1 2 o , 0 0 0 , 0 0 0 $ 1 6 , . ' ¡ ¡ ¡ 3 2 , 0 0 0 , 0 0 0 0 0 0 , 0 0 0 - > 5 , 0 0 0 , 0 0 0 ' 3 5 1 , 0 0 0 , 0 0 0 $ 1 8 , 0 0 0 , 0 0 0 1 2 Changes in member bank reserve balances and related items during the week and the year ended November 1941, were as follows? 1 2 , Increase or decrease since Nov. 1941 1 2 , Nov. 1941 5 , Nov. 1940 1 3 , (In millions of dollars) Bills discounted U. S. Government direct obligations U. S.Government guaranteed obligations Industrial advances (not including 15 million commitments - November Other Reserve Bank credit 1 2 ) Total Reserve Bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F, R, Banks Nonmember deposits and other F. R. accounts 6 2,179 5 1 0 6 2 2,263 22,793 3,222 — + — - — 2 + + 1 5 + l6 + 5 + 1 70 2 + 5 - 63 + 1 , 1 5 6 + l6o 1 2 , 7 0 7 + 1 1 3 - 1 , 3 4 5 1 0 , 4 7 2 + + 2 , 0 7 7 2 , 2 1 3 8 0 7 2 , 0 8 0 + 5 1 + 2 - 1 2 6 1 8 + Î O - + 1 1 7 3 2 4 3 Foi*m P. R. 283-a Released for publication Friday morning, November 14,1941; ~ot earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollrrs) I n c r e a s e o r d e c r e a s e s i n c e Nov. 12, 1941 Gold certificates on hand and due from TJ. S. Treasury Redemption fund - F. R. notes Oth vr cash Total reserves 20,557,032 13*737 21+3 *66l 20 ,8ll4.,L|.30 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 Total 1I. S. Government securities, direct and guaranteed 2,5^1 5* 1941 N o v . + N o v . 13» 1940 2 818 - 14,482 - 15,293 +1,163,234 43,843 64,507 +1, 102,570 + 4* 4- 1,610 568 2,178 1,850 — + - 76,800 146,800 — - 70,000 - 65,972 4- 1 2 , 2 3 1 6,ij22 + 427 2 425 10,0o5 + 32 _____ 1,^06,800 777*300 2 ,1814.,100 44* Total bills and securities 2,200,587 Due from foreign banks F. R. notos of other banks Uncollected items Bank premises Other assets k7 36*065 9^-8*526 ¿4-0,955 1.4.7,102 - 2,152 + 40,273 + 55 + 992 2^*087,712 + 24,327 + 1 ,046,074 7*520,360 + 45,301 +1 ,877,660 12 ,706,697 806,7^9 1,129*262 660,297 15*303*005 886,211 + 112,267 -126,471 - 17,889 - 13,916 - 46,009 + 24,633 -1,345,101 4402,893 4* 4,H2 4* 97,561 - 840,530 + 2,501 _____5*201 23,7lU,7?7 383 + £4,313 4- + + + T O T A L *1 S S 3 T S + 457 4- - 5,557 319 8,043 L I A B I L I T I E S F. P. notes in actual circulation Deposits: member bank - reserve account U.S. Treasur3r - General account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES ‘ I± ZII± I1 £°£ R 1 1 1 Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTivL LIABILITIES AND Ca PITAL a CCOUKTS Ratio of total reserves to deposit and R. note liabilities combined Goinnitments to make industrial advances lq.1,302 157*065 26,785 2^,087,712 91.2% II4.,657 -- 18 266 +1,039,897 3,583 5,345 54 2,697 +1 ,046,074 - 4 + 24,327 + - + 482 + .7 > 7,383 Foria F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 12 , I9I4I (In thousands of dollars) ASSETS Total Boston New York Phila. Oleve. Gold certificates on hand and due from U. S. Treasury 20 ,557,032 1 ,202,115 8,004,174 1,334,369 1 ,640,700 Redemption fund- F.R.no-tes 13,737 4,512 1,398 1,389 431 Othor cash 243,661 13,912 15,624 23,241 49,654 Bills discounted: Secured by U. S. Govft obligations $ direct and guaranteed 2,561 Other bills discounted 3,861 225 220 2,937 28 306 50 71 50 342 24 500 159 510 3,157 95 334 273 121 779 27 470 139,060 76,833 86,951 48,o45 60,063 33,186 192,099 106,141 71,570 39,54+ 41,370 23,134 60,502 33,430 49,307 27,2144 120,729 66,706 172,017 215,893 134,996 93,249 298,240 111,114 65,004 95,932 76,551 187,435 569,201 176,042 216,336 135,775 93,746 290,632 111,633 65,673 97,184 77,158 187,688 18 4,904 191,397 10,530 12,245 5 1,000 60,450 4,865 3,796 4 1,373 130,912 4,463 5,020 2 13,279 84,547 2,926 3,117 1 3,164 U3, 2,887 1,957 1 833 41,811 1,151 1,631 4 1,853 51,270 2,779 4,3¿6 225 1,941 1,735 1,095 308 3,717 232 211 109,078 60,270 364,773 201,548 110,798 61,219 169,343 566,321 2,200,587 171,514 Due from foreign banks 47 F. R. notes o î other banks ^ uncollected items 948,526 Bank premise is 40,955 Cth-r asset3 47,102 3 1,112 86,822 2,737 3,376 T S T A L „ S S E T S 559,336 '414,487 1,578,033 100 59 162 70 Total bills and securities 043,331 571,049 3,472,058 637,236 24 — 258 50 Industrial advances 10.065 U. S. Government securities, direct and guaranteed Bonds 1,406,800 ilotes 777,300 Total U. 0 . Gov’ t securities, direct and guaranteed 2,184,100 826,909 552,614 3 ,435 ,91+4 617 ,9.-6 382,063 5Í44,o65 402,346 1,553,307 1,521 1,316 646 731+ 215 495 375 655 15,106 13,220 22,705 4,823 14,396 n , 4 9 5 35,459 18,526 35 15 1 ,¿4+5 34o 6,422 Sar: Fran. 14 13 — Total bills discounted Minn. Kans.Cy. Dallas 1 ; rH 20 ,314,430 1 ,229,368 8 ,115,217 1,340,712 1 ,657,722 Chicago St.Louis •v t' CO K\ Total reserves Rich. Atlanta. — — — 2 2,473 38,285 1,956 l,9U4 6 2,373 148,632 2,986 5,995 l 2,858 42,179 2,232 2,238 * 838 28,371 1,343 1,417 8 0 0 I32 24,087,712 1,495,482 8,903,512 1,594,070 2 ,015,830 1,082,977 709,455 3 ,930,732 793,432 485,023 708,329 537,077 1,825,993 *Less than y500. F o m r i 1' . R . 2 8 J - G * S T A T E M E N T O F C O N D I T I O N O F T H E F E D E R A L R E S E R V E ( I n L I A B I L I T I E c R . u l a n o t e s t i o i n a c t u a l c i h O N N O V E M B E R o u s a n d s o f 1 2 , 1 9 4 l d o l l a r s ) S B o T o t a l F . B A N K S t r s t o n N e w Y o r P h i l a . k R i c h . C l e v e . A t l a n t a C h i c a g o S t . L o u i s M i n n . K a n s . C y . D a l l a s S a n F r a n . 7 ,520,360 n 624,435 1 ,924,890 525,349 714,010 401,095 253,162 1,579,933 295,902 191,584 245,044 126,927 638,029 645,318 5 ,422,041 63,332 291,249 47,823 442,131 9,011 533,246 788,972 63,603 108,220 13,470 941,630 62,497 102,642 31,024 439,052 325,027 1 ,949,667 366,666 187,663 334,143 293,240 66,412 38,400 40,494 38,252 31,015 37,891 33,880 133,880 33.U70 24,545 32,354 32,354 47,974 39,043 2,846 844 7,409 9,119 7,399 10,194 6,320 963,278 39,724 84,816 29,415 765,489 6 ,688,667 79,497 159,704 974,265 1,137,793 60,31+4 128,963 D e p o s i t s : M e m b e r U . S . T r e a s u r e r - G e n e r a l b F o r e i g D e f e r c c r - r e s e r v e a c c t . r e d a v a i l e d a b i l i t y , 6 6 , jU 9 P I T A L i t e m s A C 7 ) S u r p l u s ( S e c t i o r j 1 3 b ) L I A C A P I T A L m m i t m e n B t I L C 0 U N I T I E S O U N T t o A N 462 l ,466 9,362 10,906 2,874 2,457 11,866 15,144 4,393 3,053 51,734 56,1447 7,070 13.U84 i n d u s t r i a l 1(49 / f i t h i n T o t a l i s c o U . d S . i r e G c t o v e u n t e d a d v a n c e s r a n d n m e n t 5,643 5,247 3,2U+ 1,960 14,603 14,323 1,007 ¿+,567 1,222 2,267 46o M d 168 172 573 I 50 194 2 0 8 353 S 14,657 I n d u s t r i a l 435 564 456 15,078 22,824 1,1+29 8,433 4,353 5,725 713 2,380 4,376 4,925 533 2,031 4,505 3,613 1,133 2,006 3,017 3,152 1,000 2,513 4,357 3,974 1,263 1,912 6,422 10,065 15 2,989 3,105 d a y s l6 30 354 377 t o d a y s 31 60 A T t o d a y s 653 550 U R I T Y D I S 6l 90 h72 403 T t o d a y s R I B U T 91 I 6 O 1,600 1,773 1,067 N O F d a y s B I L L S t o m o n t h s 1,396 931 6 t o A N D 1,501 2 8 23 S E C U R I T I E S m o n t h s 1 1,250 Y e a r 1 t o Y e a 2 r Y ' e a r s 5 Y e a r s Y e a r s .. - 5 8 1 , 5 9 0 2 ! 1,694 1,415 t o O v e r 5 Y e a r s __ •— s e c u r i t i e s Ì S , g u a r a n t e e d 11,773 10,785 2,121 O “ ' v ^ O 24,087,712 1,495,482 8,903,512 1,594,870 2 ,015,330 1,082,977 709,455 3 ,930,732 798,432 485,023 708,329 537,077 1,825,993 a d v a n c e s B i l l s 582,326 407,07U 2,157,350 1+43,730 259,022 407,595 357,453 1,117,233 83,027 35,375 145,104 Ul,763 24,530 44,140 40,997 42,717 D S m a k e T 141,302 157,065 26,785 47,703 a c c o u n t s A C C s 7 8 8 6 , 2 1 1 i n c a p i t a l 9 23,714,777 1,469,333 8,774,727 1, 560,414 1,981,330 1 ,066,883 695,779 3,832,963 786,567 475,336 696,987 525,571 1,798,332 ( S e c t i o n o 6 0 5,201 p a i d T O T A L 0 d i v i d e n d s C a p i t a l O t h e r 7 8 i n c l u d i n g L I A B I L I T I E S A , 15,303,005 l i a b i l i t i e s u 2 1 ,129,262 660,297 S u r p l u s C 1 a c c t . d e p o s i t s T O T A L C k d e p o s i t s O t h e r a n n O t h e r T o t a l a 2,184,100 --- 04,800 66,200 2 0 8 , 2 0 0 548,300 1 ,276,600 3,017 Form F. R. 283-d FEDERAL R o iS ^ V F , n o t e ; ( I n T o t a l F e d e r a l R e s e r v e I s s u e d H j l d t o b i n y . a c t u a l i t y G o l d d u e R . c i r h o l d f o r a c b n f r o m b y e r v e u t i o n l y n o t e s U . F.R.Aeeat k R e s a S . Y o r ] ' P h i l a . . C l e v e . 19ql d o l l a r s ) R i c h , A t l a n t a C h i c a g o S t . L o u i s l . d n r . K & n s . C y . D a l l a s S j . n F r a n . T e a Total collateral n a s o n r a k 7,901,975 652,61+1 ?,OKO,i*77 551,1?0 733,69] Ji2U,172 27li,07i| 1,639,211 312,9^5 196,559 255 ,1+57 133 ,62c 697,960 301,615 28,206 95,507 25,771 2l+,681 23,077 20,912 59,270 17,003 l+,975 10,1*13 11,701 59,931 7 ,520,360 6sli,U35 l,9?i+,890 525,3J.+9 7 lU,oio 1+01,095 253,162 1,579,933 295,902 191,5311 ¿1+5,01^ 126,927 630,029 i s s u e d p a p e r B a g e n t o o r t i f i c a t c s E l i g i b l e N o v / o f n o t e s : B F e d - r u l C o l l a t e r a l c u r F B o s t o n STiiTrl/iENT OK NOv&uBER 1 2 , t h o u s a n d s s e t o h a n d s u r y b a n k : a n d 8 , 0 1 + 7 , 0 0 0 5,558 6 7 5 , 0 0 0 225 2 , 0 3 5 , 0 0 0 1 , 7 3 5 565 , ' 0 0 0 258 7 1 + 0 , 0 0 0 1 + 5 0 , 0 0 0 — — 2 0 0 — , 0 0 0 1 , 6 6 0 , 0 0 0 — 3 2 9 , 0 0 0 2 l+ 2 0 0 , 0 0 l l 0 +6 2 5 5 , 0 0 0 l i + 1 + , 0 0 0 7 l l + , 0 0 0 3 ,12 0 8 , j 52,558 675,225 2,036,785 565,258 71+0,000 1+50,000 280,000 1,660,000 329,021+ 200,11+6 258,120 ll+l+.OOO 7ll+,000
@FedFRASER