The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form F. R.283 STATEMENT FOR THE PRESS Released for publication Friday morning, Nov. 1$; not earlier. Board of Governors of the Federal Reserve System November 14, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 13 member bank reserve balances increased $73*000,000. Additions to member bank reserves arose from decreases of $10,000,000 in Treasury cash and $61,000,000 in Treasury deposits with Federal Reserve Banks and increases of $56,000,000 in gold stock and $2,000,000 in Treasury currency, offset in part by a decrease of $36,000,000 in Reserve Bank credit and increases of $10,000,000 in money in circulation and $11,000,000 in nonmernber deposits and other Federal Reserve accounts. Excess reserves of member banks on November 13 were estimated to be approximately $6,800,000,000, on increase of $70,000,000 for the week. The principal change in holdings of bills and securities was a reduction of $73,000,000 in United States Government securities, direct and guaranteed: holdings of bonds decreased $48,000,000 and of notes $25,000,000. Changes in member bank reserve balances and related items during the week and the year ended November 13, 1940, were as follows: Increase or decrease since Nov. 13, 1940 Nov. 6, 1940 Nov. 15, 3.939 (In millions of dollars) Bills discounted U. S. Gov*t securities,direct and guaranteed Industrial advances (not including 7 million commitments - November 13) Other Reserve Bank credit 4 2,254 8 59 - 73 2 - 395 + + 37 411 Total Reserve Bank credit Gold stock Treasury currency 2,326 21,637 3,062 - 36 + 56 + 2 - 389 +4,402 + 123 Member bank reserve balances Money in circulation Treasury cash Tr'-?.sury deposits with F. R. Banks Nonmernber deposits and other F. R. accounts 14,052 8,395 2,211 404 1,963 + + + +2,465 +1,011 - 130 - 100 + 950 73 10 10 61 11 For*- F.R.283-a Released for publication Friday morning, November 15,1940; not earlier. STATEMENT OF CONDITION OF OF THE TTJELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov. 13, Nov. 6, Nov. 15, 1940 1940 1939 ASSETS Gold certificates on hand and due from U. S. Treasury 19,393,798 + 69,497 +4,527,144 Redemption fund - F. R. notes + 499 9,894 359 Other cash 308,168 45,548 - 1,619 Total reserves 19,711,860 + 68,377 +4,481,237 Bills discounted! Secured by U.S. Gov't obligations, direct and guaranteed — + 2 138 951 Other bills discounted 249 2,103 3»293 Total bills discounted 4,244 2,241 247 Industrial advances 3,346 + 54 8,215 U. S. Government securities, direct and guaranteed! Bonds 1,330,000 24,558 + - 47,700 Notes - 25,500 924,100 315,072 — — Bills — 104,705 Total U. S. Government securities, direct and guaranteed — 2,254,100 - 73,200 395,219 • - - Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Banl;: premises Other assets TOTAL ASSETS 400,806 2,266,559 47 23,784 942,969 41,274 55,145 - 73,393 23,041,638 +243,658 +4,042,954 — - — + 2,814 +246,063 + 16 219 — + — - — 568 21,848 761 15,436 LIABILITIES F. R. notes in actual circulation Deposits! Member bank - reserve account U. S. Treasurer - General account Foreign Other deposits Totra deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 5,642,700 + 13,124 + 14,051,798 403,851 1,125,150 562,736 16,143,535 883,710 + 72,380 - 61,417 + 3,049 + 4,323 + 18,335 +208,466 +2,464,642 160,272 + 670,873 + 245,008 +3 ,220,251 — 33,204 4,935 22,674,880 + + 2.AZI1A k ACCOUNTS Capital paid in Surplus (Paction 7) Surplus (Section 13b) Ctkor capital accounts LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined 137,719 151,720 26,839 50,480 23,041,638 Commitments to make industrial advances 90.556 7,269 6o4 +240,5.29 1 •837,446 82 +4,024,575 + + + 2A30 +243,658 2,117 2,568 425 + 14,119 +4,042,954 + »2% + 4,6$ - 2,650 — _ _ — 19 Form F. R. 283-b STATELIEST OF COLIDITIOLI OF THE FEDERAL RESERVE BANKS OK NOVEMBER 27, 1940 (In thousands of dollars) ASSETS Total Boston New York Phila. 01eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and 19,393,798 1,141,266 9,419,600 1,017,292 1,312,516 537,774 364,367 2,983,135 482,116 306,464 402,259 286,917 1,140,092 due from U.S.Treasury Redemption fund - F.R.notes 9,894 563 246 480 1,499 46 5 1,522 778 1,080 387 470 951 1,453 Other' cash 308,168 37,298 13,489 7,163 16,474 11,368 27,450 81,588 31,684 25,038 19,894 20,514 16,208 Total reserves 19.711-860 1.174.40^ 9,502,139 1,042,800 1,332,875 559,810 381,353 3,021,513 495,851 314,014 419,213 298,848 1,169,041 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 951 Other bills discounted 3,293 185 680 192 209 158 134 30 85 2 6o 20 216 35 85 178 209 117 1,413 4 94 865 401 292 115 62 236 120 387 1,530 98 108 1,779 2,382 338 819 311 266 5 266 212 222 608 95,324 66,232 396,202 275,286 111,573 77,522 133,290 69,984 50,839 92,611 48,627 35,325 151,269 56,933 37,618 64,487 51,350 105,103 39,557 2.6,138 44,807 35,678 111,131 77,214 Total U. S. Gov't securities. direct and guaranteed 2,254^100 161,556 671,488 189,095 225,901 118,611 86,164 256,372 96,490 63,756 309,294 87,028 188,345 Total bills and securities 2,266,559 162,593 674,132 191,878 47 23,784 942,969 41,274 55,145 3 549 82,989 2,843 3,737 18 2,54S 214,003 9,731 15,932 5 799 59,831 4,492 4,634 87,348 : 256,874 96,615 64,409 111,036 * 6 1 1 1 3,4O6 1,743 562 1,620 2,132 135,585 54,400 21,391 38,966 38,863 3,342 2,420 1,372 3,081 1,114 5,772 2,183 1,566 2,492 2,825 189,061 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 86,537 226,531 119,545 : 2 2 4 1,538 3,440 2,018 126,446 79,208 40,280 5,424 2,590 1,998 5,953 3,207 1,981 Total bills discounted 4.244 Industrial advances 8,215 U. S. Government securities, direct and guaranteed: Bonds 1,330,000 Notes 924,100 TOTAL ASSETS 30 — — 30 1,007 — — 108 4 3,42.9 51,007 2,867 4,863 23,041,638 1,427,117 10,418,503 1,304,439 1,698,771 767,802 514,169 3,426,498 653,213 404,372 576,921 429,561 1,420,272 *Less than $500. Form F. R. 283-b STATELIEST OF COLIDITIOLI OF THE FEDERAL RESERVE BANKS OK NOVEMBER 27, 1940 (In thousands of dollars) LIABILITIES Total F. R. notes in aatual circulation 5,642,700 Deposits! Member bank—reserve acct.14,051,798 U.S.Treasurers-General acct. 403,851 Foreign 1,125,150 Other deposits 562,736 Total deposits 16,143,535 Deferred availability items 883,710 Other liabilities including accrued dividends 4,935 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. New York Phila. 455,598 1,495,216 387,945 516,348 265,662 183,429 1 ,205,628 211,879 154,906 202,462 92,840 470,787 782,015 7,408,444122,816 20,064 627,916 54,993 445,730 7,585 697,619 15,329 75,633 33,503 914,771 356,751 231,086 1,874,535 317,261 182,707 274,036 241,242 29,685 14,824 19,443 65,224 29,167 20,075 20,551 22,100 71,774 33,186 27,012 92,612 23,153 16,979 22,381 23,153 13,713 3,815 4,958 6,759 7,082 4,311 9,763 2,105 771,331 24,573 56,358 23 ,412 864,657 8,6r;4,906 81,097 190,589 822,084 1,029,943 408,576 282,499 2,039,130 376,663 224,072 326,731 288,600 134,625 52,998 15,730 36,582 36,229 60,004 117,450 77,465 34,719 875,674 46,222 Boston 454 1,425 563 CIeve. 539 Rich. Atlanta 179 210 557 136 162 190 172 348 TOTAL LIABILITIES 22,674,880 1,401,806 10,292,136 1,270,596 1,664,280 751,882 500,857 3,379,940 641,676 394,870 565,965 417,841 1,393,031 C A P .I.T- A L A C C O.U. N T'S Capital paid.in 137,719 9,337 51,079 11,889 14,079 5,349 4,680 13,993 4,167 2,957 4,422 4,160 11,607 Surplus (Section 7) 151,720 10,405 53,326 14,198 14,323 5,247 5,725 2,2,824 4,709 3,152 3,613 3,974 10,224 Surplus (Section 13b) 26,839 2,874 7,109 4,393 1,007 3,246 713 1,429 53S 1,001 1,142 1,266 2,121 Other capital accounts 50,480 2,695 14,853 3,363 5,082 2,078 2,194 8,312 2,123 2,392 1,779 2,320 3,289 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,041,638 1,427,117 10,418,503 1,304,439 1,698,771 767,802 514,169 3,426,458 653,213 404,372 576,921 429,561 1,420,272 Commitments to make industrial 128 4 2,674 401 50 advances 7,269 253 715 1,010 926 577 508 23 ATURITY DISTRIBUTION OF BILIfl AND SECURITIES 2 Years to Over 1 Year 6 nonths 91 days to Within 16 to 31 to 61 to 5 Years 5 Year? to 2 Years to 1 Year 6 months Total 15 days 30 days 60 days 90 days 109 887 500 960 476 Bills discounted 4,244 1,312 2,399 1,455 588 1,431 120 515 296 Industrial advances 8,215 1,411 U. S. Government securities, 653/>00 1,209,900 194,000 115,300 81,300 2,254,100 direct and guaranteed Forn. F. R. 283-d FEDERAL RESERVE NOTE STATEMENT Oil IJOVELiBER. 13, 1940 (in thousands of dollars) Total Boston Iiew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn.. Kans.Cy. Dallas San Fran. Federal Reserve notest Issued to F.R.Bank by F.R.agent Held by Federal Reserve Bank 5,935,887 475,926 1,580,053 408,552 534,708 279,2.63 201,601 1,236,607 2.23,945 159,462 211,372 102,072 522,326 293,187 20,328 84,837 20,607 18,360 13,601 18,172 30,979 12,066 4,556 8,910 9,232 51,539 In actual circulation 5,642,700 455,598 1,495,216 387,945 516,348 265,662 183,429 1,205,628 211,879 154,906 202,462 92,840 470,787 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 6,034,000 490,000 1,600,000 410,000 538,500 290,000 205,000 1,250,000 234,000 161,500 -0.5,000 106,000 534,000 2,772 30 514 310 80 - - 95 291 1,452 - 6,036,772 490,030 1,600,514 4.10,310 538,500 290,080 205,000 1,250,000 234,095 161,791 216,452 106,000 534,000
@FedFRASER