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Form F. ft. 283 STATEMENT FOR THE PRESS Released for publication Saturday, morning, Nov, 27; not earlier Board of Governors of the Federal Reserve System ' November 26, 1943 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 24 member bank reserve balances increased $139, 000, 000. ‘ iidditiorts to member bank reserves arose from an increase of $420,000,000 in Reserve Bank credit, offset in part by increases of $25,000,000 in nonmember deposits and other Federal Reserve accounts, $167,000,000 in money in cir culation, $72,000,000 in Treasury deposits with Federal Reserve Banks, and $2,000,000 in-Treasury, cash, and a decrease of $15,000,000 in gold stock. Excess reserves of member banks on November 24 were estimated t‘o be approximately $1,01*0,000,000, a decrease of $60,000,000 for the week. There was an increase of $532,000,000 in holdings of United States Government securities.. B ills increased $452,000,000, certificates $72,000,000, notes $5,000,000, and.bonds $3,000,000. Changes in member bonk reserve balances and related items during-the week and the year ended November 24, 1943, as follows» Increase or decrease s ince Kovf 24, 1943 Nov.'17, ' ’ 1943 Nov* 25, 19U2 (In millions of dollars) B ills discounted 4B U, S. Government direct obligations 10,301 U. S. Government■guaranteed.obligations 63 Industrial advances (not including 10 million 12. commitments - November -24) Other Reserve Bank credit 369 ' ■+ 14 + 529 +' 3 ♦ 38 +5,430 + 41 —• •- 125 + 3 155 Ttjfcal Reserve Bank credit Gold stock . . Treasury currency 10,792 22,081 4,101 + 420 - 15 +5,709 - 661 + • 724 Member bank reserve balances Money in circüration treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other t . R. accounts 12,402 19,726 2,295 479 2,072 + + + + + - 344 +5,078 + 56 +• 411 + 572 139 167 2 72 25 F 283c '.STATEMENT OF CONDITION OF THE FEDERAL kSSEltVB BANKS OF N07EMBSR 24, 1943 (In thousands of dollars) ¿ I L I T I B S -, Total Boston 'New'lYork : Phila. Cleve. Kich. .Atlanta Chi'cago St.Louis Minn* KansjCy. Dallas San Fran. ¿u>tos in actual: ç ir* ' -, - ,: • . . . ... eu.».. c^ron 16,131,302 1107,522 3,565,165 1100*175 1,436,.585 108^,543 888,191 3,648,321 '686,305 373,683 579,703 392,617 1,868,572 Deposits: , . : / ■• . i^-inber bank-reserve .aèfct. 12 , 401^9 1 ? 605*421 4,083,975 611,601 958,995 515,519 503,768 1 , 903,210 435..207 284,156' 580,738 507,128 1,407,199 U.S«Treasurer-generallacet* 479,209- •1?^036 201,193 24,015 44,900 23,984 25,395 50,468 ' 33,642 15,032 14,183 20,030 7,331 Foreign ' v 1 , 393,404 . : 33,295 l / 6(^,474 • 125, 262 . 121*306 56,697 46,149 160,863 39^556 29,008 36,919 39,556 100,319 0ther 340,014 . .4,028 " 250,592 . 3 , 458 : 7,568 6,335 2,444 4,916 9,145 8,792 2,097 2,715 38,724 Total deposits 14,620,344 661,780 5, 145,234 '7 6 4 ,3 3 6 .1,132,7fc9 602,535 577,756 2,124,457 517,550 336,983 633,937 569,429' 1,553,573 Deferred availability items 1 , 252,968 137,680 99,262 81,198 57,817 243,995 ; 70,963: 139,363 196,842 •- -65,004 29, 186' 78,^38 47,720 Other lia b ilitie s including accrued dividends "292 249 7I9 235 656 281 228 687 3,050 531 293 1,019 8,290 TOTa L LIABILITIES' 32, 012,984 1827,806 8,962,444 1936,193-2,709,373 1786*633 1547,426 5, 370,639 1269,144 740,085 1292, 8701010,015 3,560,356 Capital paid in . 5,422 12,276 15,522 11,676 3,228 4*976 4,593 6,073 9^529 55.796 4,677 150,504 16,731 Surplus (Section 7) 3,221 4,966 15,670 1*1 ,160 58,001 11,044 5,236 3,613 4,083 22,925 14,767 5,725 160,411 Surplus (Section 13b) 2,121 1,000 26,829 530 2,8747,070 1 ,1 3 7 1,307 1,007 . 3,244 717 .4,393' 1,429 Other capital accounts 3,762 3,602 3,830 6,493 5,733 25,004 3,357 3,287 8,567 6,544 88,284 4,323 13,127 TOTAL LIABILITIES AND 32,439.012 18.57,102 9.108.335 1974.476 2,749.236 1805,514 1563,170 5, 424,351 1233,079 751,216 1306,4531023,235 3,592 ,2$5 CAPITAL ACCOUNTS Commitments to make industrial : m um advances 3,000 — 100 2,357 770 700: 9 337 9,732 1,959 F. k. notes outstanding Collateral for F.K.notes held by F.k.Agents* Gold certificates Eligible paper U.S, Gov* t socuriti.es 14,185,000 33,440 2,783,697 Total 47,610 11,67 6 B ills discounted Industrial advances u. fc>. Government securities, direct and guaranteed 10,363,875 719,359 360,864 603,020 429,106 1 , 983r69l 850,000 730,000 2, 830,000 425,000 328,000 ,— . •6,300 • 50 4,375;. 300,000 : 353,697 55,ooo 275,000 •300,000 510,000 361,000 1 ,904,000 — . 1,0.00 — 100,000 100,000 100,000 16,712,795 114^250 3.668,735 1135,739 1,475,900 1117,054 953,543 3, 100*029 802,000 3,325,000'840,000 1,280,000 . '6I 5 22,020 4,080 200,000 350,000 350,000 300,000 ...Within 15' days 43,530 10,226 16 to 3Q. days 815 154 MATURITY DISTRIBUTION. OF'BILLS AND SECURITIES 6 months 91 days to 31 to 61 to to 1 year 6 months 60 days 90 days — 1,300 2,165 294‘ ìés' 38. 9I — 1 to 2 years — 269 : 2 to 5 years Over 5 years — • IO6 • 784,600. 717.700 2,009,843 1 , 923,307 854,125 2,024,877 l/ After deducting $785,736,000 participations of other Federal Reserve Banks. 211,400 702,971 1,135,047 F O m F. k. 283a Released for publication Saturday.morning,'.' November 27,1943» not earlier, STATEMENT 0? CONDITION OP THE. TWELVE FEDERAL RESERVE BANKS .COMBINED (In thousands of dollars) Increase or decrease since Nov. 24» 19U3 Nov. 2 5 , . 19U2 Nov. 17, 1943 A S S E TS Gold certificates on'hand and duo from U, S. Treasury Redemption fund - F.R; notes Other oash Total reserves B ills discounted! Secured by U. S, Gov't obligations, direct and guaranteed Other b ills discounted Total b ill3 discounted Industrial advances U. S. Government securities, direct and guaranteed» Bonds Notes Certificates B ills Total U. S. Government securities, direct and guaranteed Total b i ll s and securities ■ ■ ■......................... Due from foreign banks F. R.notes of otti^r banks Uncollected items Bank premises Other assets ....................... . TOTAL ASSETS L I A B I L I T I E S F. it. notes in actual circulation Deposits» Member bonk - reserve account U.S.Treasurer - general account Foreign Other Total deposits Deferred availab ility items Other lia b ilit ie s including accrued dividends T 0 Ti».L LI-iBILITIiiS C A P I T a L ACCOUNTS Capital paid in Surplus (¿oction.7) Surplus (¿>octior. 13 b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. k.note lia b ilit ie s combined Commitments to make industrial advances 19,784,215 130,406 310,149 20,224,770 - 19,000 + 2,456 - 8,523 - -2 5 ,0 6 7 •770,401 111,586 74,255 584,560 47, 610' -•47*610 11,676 + 13,875 — . ♦ 13,975 379 37,395 3,536 1 , 569,218 693*400 1,843,550 6, 257,707 + 3,157 + 5,000 + 72,300 +451,601 — * 803,988 10,363,875 +532,058 +5, 521,119 10,423,161 +545,554 -- 1,875 ' -378,085 25 + 923 +5j,554,978 + 89 + 28,902 333,058 1,772 18,405 +141,425 +5, 312,290 16,131,382 ‘ +157,242 +4,515,119 12, 40.1 ,9 17 479,209 1,398,404. 340,814 14,620,344 1 , 252,968 ♦138,673 + 72,584 + 35*031 - 9,676 +236,612 -252,837 - 343,649 ♦ . 410,790 + 491,281 + 15,323 + " : 573,750 + 173,441 . 8,290 . 32, 012,984 + . 39 +liil,056 •+ 2,011 +5,269.321 150,504 l6o>4H. 26,829 88,284 32,439,012 + + + ■+ + 136 67,534 1,621,943 38,349 63,119 32,439,012' 65.8% 9,732 32 — — + .■ 287 +141,425 + .9^ 226 - 42,395 5,000 - 658,678 +1,107,650 +5,876,135 5,060 .2,909 . 48 34,952 +5, 312,290 - - ■15*395 799 Form P. R. 283b STATEMENT OF CONDITION OP THE FEDERAL RESERVE BANKS ON NOVEMBER 21*, 1943 (In thousands of dollars) ASSETS Total Phila. Cleve, Boston New York Chicago St.Louis 'Rich. Atlanta Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 19 , 784,215 1019,953 5 , 135,904 1121,666 1,736,549 1084,000 1022,982 3 , 723,254 688,493 439,029 782,929 595; 564 2 , 1*33,892 Redemption fund - F.R.notes 130,406 17,478 5,027 19,434 5,442 ■3,962 10,347 15,775 16,854 2,993 11,735 19,909 1,345 Other cash 73,948 23,010 21,306 20,069 12 , äU 9,239 26,2?7 14,361 20,085 310,149 38,453 10,345 39,545 Total reserves 20, 224,770 1063,728 5, 229,336 1161,251 1,768*202 1120,939 1054,836 3,7&*,l44 721,043 451,316 802,732 609,371 2 , 1*77,372 Bills discounted: Secured by U.S«^ Gov’ t obligations, direct and guaranteed 22,020 • • 4,080 6,300 1,000 8,800 47,610 30. 50 615 315 4,375 25 — — — Other b ills discounted — — — — — — — — — Total b ills discounted 47,610 Industrial advances 11,676 U. S. Government securities. direct arid guaranteed: Bonds 1,569,213 Notes 693,400 Certificates 1,043,550 B ills ’ 6*257,707 Total U. S. Gov*t securities % direct and guaranteed 10,363,375 TotaJ b ills and securities Due from foreign banks notes of other banks Uncollected items Bank premises other assets TOTAL ASSETS 615 1,427 22,020 4,080 I 52 6,300 4,385 315 390 4,375 238 8,800 226 112,21*6 152,434 67,379 49,599 131,363 179,144 262,089 3,194,075 133,528 59,003 156,874 357,259 229,570 101,441 269,703 208,861 134,142 59,274 157,594 196,492 112,067 49,520 131,661 97,221 661,096 3,487,733 706,664 809,575 547,502 390,469 1,393,030 1,000 30 25 15 4*625 79,OB7 60,814 163,271 34,947 26,372 72,145 92,912 71,443 191,312 965,352 262,639 93,398 94,404 95,567 4 1 ,7 15 42,229 110,907 112,273 133,351 93,140 202,038 89,276 237,359 392,830 469,585 253,027 330,377 343,209 921,503 — — 4 — 50 184 30 926,158 810,280 552,115 399,495 1,393,034 475,38 5 253,261 331,407 343¿249 .10,423,161 ' 663,138 3,509,960 715,129 11 2 6 4 4 3 3 1/ 55 5 13 136 13 17 2,292 2;858 3,012 5,428 1,318 10,011 8,097 5,968 1^,341 3,492 5,039 7,173 67,534 170,217 97,236 1,621,91*3 120,392 75,523 40,744 110,855 62^601 153,956 114,715 250,350 339,095 85,759 2,623 4,223 2,072 9,640 4*636 1,660 1,235 2,870 2,743 . 979 2,675 2,943 33*349 ' 2,316 7,317 5,.348 7,908 4,676 3,970 3i723 9,070 6,708 3,125 3,673 4,785 63,119 -32,1*39,012 1857,>02 9,108,325 1974,476 2,749,236 1805,514 1563,170 5,424,851 1283,079 751,216 1 3 0 6 , 4 5 3 2 8 5 3,5?2,295 l/ After deducting $81,000 participationsof other Federal Reserve Banks*
@FedFRASER