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Form F. R . 203
S T A T E M E N T F.OR T H E PRESS
R e l e a s e d for p u b l i c a t i o n
Friday morning, November 20;
not earlier,
Board of Governors
of the Federal Reserve S y s t e m
N o v e m b e r 19, 191*2
C O N D I T I O N OF THE F E D E R A L R E S E R V E BANKS
D u r i n g the- w e e k ended N o v e m b e r 18 m e m b e r b a n k reserve b a l a n c e s increased
$ 1 2 9 , 0 0 0 , 0 0 0 . A d d i t i o n s to m e m b e r b a n k reserves arose from inc.". ^bob of
$ 1 2 0 , 0 0 0 , 0 0 0 in Reserve Bank c r e d i t and $ 2 , 0 0 0 , 0 0 0 in T r e a s u r y c u r r e n c y and a decrease of $11*3,000, j00 in n o n m e m b e r d e p o s i t s and other F e d e r a l Reserve a c c o u n t s ,
offset in part b y increases of $ 5 7 , 0 0 0 , 0 0 0 in m o n e y in c i r c u l a t i o n , $66,000,000 in
T r e a s u r y deposits w i t h Federal Reserve Banks and $ 1 5 , 0 0 0 , 0 0 0 in T r e a s u r y c a s h t
Excess reserves of m e m b e r b a n k s on N o v e m b e r 18 w e r e estimated to b e a p p r o x i m a t e l y
$2,1*90,000,000, an increase of $ 9 0 , 0 0 0 , 0 0 0 for the w e e k .
The p r i n c i p a l change, in holdings of b i l l s and s e c u r i t i e s w a s an i n c r e a s e
of $37,000-,000 • in -United States G o v e r n m e n t s e c u r i t i e s . Bonds increased
$51*,000,000, n o t e s - $ 5 , 0 0 0 , 0 0 0 and c e r t i f i c a t e s $1*3,000,000, w h i l e b i l l s d e c r e a s e d
$65,000,000.
Changes I n m e m b e r b a n k reserve b a l a n c e s and r e l a t e d itkms d u r i n g the w e e k
and th'Q year ended N o v e m b e r 1 8 , 191*2, w e r e as follows:
Increase or d e c r e a s e
since
Nov. i8,
191*2
:
N o v . 11,
191*2
Nov. I 9 ,
19l*l
(In m i l l i o n s of d o l l a r s )
Bills d i s c o u n t e d
U . S . G o v e r n m e n t d i r e c t obligations
U . S. Government guaranteed obligations
I n d u s t r i a l advances (not including 10 m i l l i o n
c o m m i t m e n t s - N o v e m b e r 18)
Other Reserve B a n k c r e d i t
8
4,673
22
-
2
+ 37
—
3
+
+2,494
+
17
16
327
+ 1
+ 86*
+
+
T o t a l Reserve Bunk' c r e d i t
Gold stock
Treasury currency
5,045
•22,741
3,375
+120*
+2,738
37
+ 147
M e m b e r b a n k reserve b a l a n c e s
M o n e y in c i r c u l a t i o n
Treasury cash
T r e a s u r y d e p o s i t s w i t h F . R . Banks
N o n m e m b e r deposits a n d other F . R , a c c o u n t s
12,622
14,465
.2,249
300 .
1,526
—
+
2
+129*
"+ 57
+ 15
+ 66
-143*
6
219
320
+3,930
+
65
298
- 528
• N o v , •11 figures r e v i s e d .
Form F . R . 283c
L I A B I L I T I E S
Total
F. R . notes in actual circuiationj
11,447,369
STATEMENT OF CONDITION' OF THE FEDERAL RESERVE BANKS' ON 'NOVEMBER" 18, 1942
(In thousands of dollar^)
Boston N e w York
Phila.
Cleve.
R i c h . Atlanta
Chicago St.Louis
Minn. Kans.Cy.
834,149 2,648,960
8 0 2 , 1 1 4 1 , 0 6 5 , 2 7 1 ? ' 729,916
497,735 2,2^5,731
Deposits:
Member bank-reserve a c c t . 1 2 , 6 2 1 , 9 7 6 687,999 4 , 7 0 6 , 7 0 1
642,613 1,021,202
5 1 0 , 6 1 9 432,218
U.S.Treasurer-general acct. 299,631
19,560
73,755
12,662
28,251
13,865
13,186
Foreign
913,006
2 3 , 140 1/434,269
67,633
64,32o
31,001
24,660
other
333,861
4,807
173,959
21,396
51,135
10,142
2,623
Total deposits
14,173,474 735,506 5,438,684 744,299 1 , 1 6 5 , 4 o S 570,"627 472,692
Deferred availability items 1 , 1 9 1 , 8 5 3
110,735
253,078
76,726
133,979 100,466
56,132
Other liabilities including
accrued dividends
5,769
362
623
436
274
1,455
573
TOTAL LIABILITIES
2O,31'8,465 1681,018 3 ,347,177 1 6 2 3 , 5 0 1 2 , 3 6 5 , 2 3 1 1401,445 1026,333
CAPITAL ACCOUNTS
Capital paid in
9,480
145,436
5,346
14,851
5,173
53,499
n,754
Surplus (Section' 7)
5,725
157,502
5,236
14,346
56,651
15,171
10,949
Surplus (Section 1 3 b )
26,781
7,070
4,393
2,874
1,007
3,244
713
Other capital accounts15,028
3,664
2,223
2,737
5,114
52,357
2,559
TOTAL LIABILITIES A N D
CAPITAL ACCOUNTS
27,201,041 1707,108 8 , 4 7 9 , 4 2 5 1 658,483 2,1*00,549 1 4 1 7 , 9 9 4 1 0 4 1 , 0 0 3
Commitments t o make industrial
advances
233
9,601
1,172
318
1,519
398
135
r'.R. notes outstanding
Collateral for F.R.notes
hold b y F.R.Agents:
Gold certificates
Eligible paper
11,960,153
890,861 2 , 7 5 3 , 6 4 6
829,398
12,132,000
2,930
902,000 2 , 7 9 0 , 0 0 0
700
1,670
850,000 1 , 1 1 0 , 0 0 0
—
400
Total
Bills discounted
7,960
Industrial advances
15,-551
U . S . Government securities »
direct and guaranteed
4,694,818
Within
1 5 days
4,200
8,604
16,745
1,106,232
762,493
481,612282,919
400,921223,9631,189,078
421,338 252,915
16,822 15,649
21,137
15,500
10,945
9^533
470,242293,^7
62,06? 2 6 , 8 2 3
479,100 446,173 1,245,618
14,333 15,662
31,434
20,432 20,432
54,020
8,106
3,262
33,956
5 2 2 , 0 2 6 435,534 1,370,073
53,346 47,677
06,519
133
199
4 , 3 6 5 , 3 9 7 1014.122 603,477
372
377
373
9 3 1 , 6 6 6 762,551 2,646,047
1,775,475
39,347
35,957
4,002
1,904,731
174,303
532
16,063
22,925
1,429
9,006
4,414,820
4,518
4,966
530
2,180
3,072
3,152
1,000
2,700
1026,316 613,401
108
997
535,426 2 , 3 4 1 , 6 0 9
3 1 to
60 days
61 to
90 days
100
419
3,514
315
91
2,805
36,749
149,250
497,938
9 1 days to
6 months
511,361 288,818
.
6 months
to 1 year
55
1 to 2
years
—
-569
1,146
161,875
431,048
l / After deducting $428,139,000 participations of other Federal Reserve B a n k s .
4,709
3,613
1,137
2,225
4,451
3,976
1,263
2,075
12,020
10,792
2,121
3,296
9 9 3 * 3 5 0 774,316 2,674,276
4,170
, 551
—
768,000 550,000 2,380,000 520,000 290,000
—
45
" 35
M A T U R I T Y DISTRIBUTION OF BILLS AND SECURITIES
- 16 to
30 days
Dallas San F r a n .
1,012
295,575
4 1 6 , 7 3 2 250,708
1,272,869
420,000 258,000 1 , 2 9 4 , 0 0 0
—
80
2 to 5
years
- -
681
1,179,958
Over
5 years
- -
—
1,925,680
Form
R. 2S3
a
Released for publication Friday morning, November 20,19^2; not earlier.
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE - BANKS COMBINED
(In thousands of dollars)
Increase or decrease
since
N o v . 18,
1942
Nov. 11,
1942
Nov. I 9 ,
1941
20,548,614
17,880
242,067
- 14,001
+ 3-, 3 77
-
+
10,205*
-
7,919
4,327
17,126
20,808,561
+
81*
-
20,713
2,905
5,055
7,960
+
2,555
55
+
+
-
2,500
+
1,550
1,436
2,986
15,551
- +
+
5,512
+ 53,911
+
+
+
863,571
555,742
715,400
376,005
A S S E T S
Gold certificates on hand and
due from U . S , Treasury
Redemption fund - F . R . notes
Other cash
Total reserves
Bills discounted!
Secured b y 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
Certificates
Bills •
Total U . S . Government securities,
direct and guaranteed
Total bills and securities
Due from foreign banks
F . R . notes of other banks
Uncollected items
Bank premises
Other assets
TOTAL
155
+
2,270,371
1,333,042
715,400
376,005
' + 42,934
- 64,566
4,694,818
+ 36,879
+2 ,510,718
^,718,329
+ 34,53U
+2
-
1,724*
+
+233,773*
+
4,600
+
+
,519,216
47
41,019
1,518,515
4o,l47
74,423
ASSETS
-
—
+
5,329
+
4 , 1 1 1
274,655
939
26,6?o
27,201,041
+276,998*
+2
11,447,36?
+ 67,493*
+3 ,866,330
12,621,976
+129,229*
-
299,631
+ 65,956
-
913,006
338,861
1 , 1 5 1
-138,040*
-
14,173,474
+ 55,994*
-1 ,131,197
1,191,353
+152,739*
+
+
+
,303,015
L I A B I L I T I E S
F . R . notes in actual circulation
Deposits}
iviember bank-reserve account
U . S . Treasurer- general account
Foreign
Other
Total deposits
Deferred availability items
Other liabilities including
accrued dividends
TOTAL
5,7 69
26,313,465
LIABILITIES
C A P I T A L
LIABILITIES
AND C A P I T A L
145,436
157,502
26,731
52,857
ACCOUNTS
Ratio of total reserves to deposit
and F . R . note liabilities combined
Commitments to make industrial advances
+276,406*
55,431
770
+2,793,384
A C C O U N T S
Capital paid in
Surplus (Section 7)
Surplus {Section 13b)
Other capital accounts
TOTAL
130*
-
319,855
298,834
133,236
379,272
27,201,041
. 81.2%
9,601
34
+
+
—
4,112
437
4
-
+
558*
+276,998*
M
+
+2,803,015
-
426
5,086
-
*Nov, 11 figures revised.
9.8%
4,973
Form F . R. 28Jb
f
A"g
""1
STATEMENT OF CONDITION OF THE FEDERAL RESERVE B A M S ON NOVEMBER 18, 194.2
(In thousands of dollars)
S E T S
Total
Phila.
Cleve^
Boston New York
Rich.
Gold certificates on hand and due
from U* S. Treasury
2o,5ii8,6lU 1150,953 6,826,31*7 1179,987 1,771;,955 968,033
1,361
Redemption fund - F*R.notes
17,880
984
599 •
1/544
1,185
15,322
54,480
Other cash
21*2,067
21,804
19,834
11,413
Atlanta
730,948 3,577,008
314
1,933
14,554
26,055
699,582 436,149
264
320
15,745
7,519
681,211 506,847 2,016,594
462
8,459
455
8,632 13,426
33,283
Total reserves^
745,816 3,604,996
715,647 443,932
690,305 520,728 2,053,336
20,808,561 1 1 7 4 , 3 0 1 6 , 8 3 1 , 8 1 1 1 1 9 2 , 7 6 1
Bills discounted:
Secured b y U . S . Gov't obligations,
direct and guaranteed
700
1,670
2,905
Other balls discounted
—
2,125
5,055
Total" bills discounted
7,960
700
3,795
Industrial advances
621
467
15,551
U . S , Government securities,
direct and guaranteed:
Bonds
595,130
2,270,371 179,711
Notes 1,333,01*2 105,519
349,430
Certificates
715,1*00
56.627
187,527
Bills
2
6,913
376,005
101,445
1
lotal U 9
G o v 1 securities,
direct and guaranteed
'2*, 691*, 818 368,775 1,233,532
Total bills and
securities
Due from foreign banks .
F.R.notes of other banks
Uncollected items
Bank premises
Other assets
TOTAL ASSETS
1*, 718,329 369,942 1,237,948
1 / 18
. 1*7
'
3
1*1,019
1,354
1,353
326,691
1,518,515 153,?91
10,324
2,731
1*0,11*7
5,436
18,730
71*, 1*23
400
480
880
1,795,338
—
460
460
984,540
35
220
—
175
175
524
Chicago St.Louis
610
610
130
45
150
195
61
- -
5,074
843
255
746
175,171
102,851
55,197
23,476
208,824
122,611
65,3-01
30,783
146,979
86,297
46,314
22,170
102,730
60,318
32,370
16,146
275,449
161,731
86,794
56,311
109,836
64,487
34 ..610
22.202
361,695
428,024
301,760
211,564
580,235
367,649
429,327
302,761
581,025
. 5
"1,621
35,933
4,802
5,707
4
2,303
161,632
4,345
7,550
2
8,241
114,508
3,057
4,885
212,263
2
4,492
73,229
1,943
3,253
6
5,086
211,779
2,928
9,000
M i n n . Kans.Cy.
—
110
110
390
25
200
225
2,528
61,779
36,272
19,467
9,108
103,924
61,017
32,747
16,612
30
. 145
175"
132
—
330
380
4,035
88,537
51,936
27,898
13,054
222,301
130,523
70,048
32,775
2 3 1 , 1 3 5 126,626
214,300 181,475
455,647
231,391 127,126
*
1
3,768
1,374
69,926 '37,491
2,117
1,314
3,466 .2,164
217,053 181,782
1
1
4,010
1,430
75,6?8 66,337
1,068
2,314
2,970
. 3,469
46o,o62
2 7 , 2 0 1 , 0 4 1 1707*108 8,479,425 1659,435 2,400,549 1417,994 1041,003 4,414,320 1026',316 6l3,4oi
*Less than $ 5 0 0 .
Dallas San Fran.
l / After deducting $29,000 participations of other Federal Reserve•Banks
4
3,487
141,995
2,704
, 7,638
993,350 774,316 2,674,276
@FedFRASER