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F D R ® F . R , -283 STATEMENT FOR THE PRESS Released for publication Friday morning, Nov. 6; not earlier. Board of Governors of the Federal Reserve System Koveiriber 5* 19^2 CONDITION OF THE FEDERAL'RiSSBRVB.BANKS During the week ended November k member bank reserve balances decreased $35*000,000. Reductions in member bank reserves arose.from increases of $230,000/000 in money in circulation and $11,000,000 in Treasury cash, offset in part b y increases t of $102,,000,0Q0 in Reserve Bank credit and $3,000,000 in Treasury currency, and decreases of $11,000,000 in Treasury deposits with Federal Reserve Banks and $88,000,000 in nonmerriber deposits and other Federal Reserve accounts, . Excess reserves of member banks on November k were estimated to be approximately $2*120,000,000, a decrease of $1*0,000,000 for the week. The principal change in holdings of bills and securities was an increase of $110,000,000 in United States Government securities. Bonds increased $50,000,000 and notes $132,000,000, while certificates decreased $1*6,000,000 and bills $26,000,000. Changes in member bank reserve balances and related items during the week and the year ended November 1*, I9u2, were as followst Increase.or decrease since Nov* U, 191+2 Oct. 28, 191*2 Nov* 19U (In millions of dollars) Bills discounted 11 U . S. "Government direct obligations .4,534 U . S . Governmenr guaranteed obligations 17 Industrial advances ,(not j.ncludipg 10 million commitments - November 4) 15 Other Reserve Bank credit 101+ + 2 +110 *+2 5 -» 355 + 12 + - + 1 o • 5 57 + Total Reserve Bank credit Gold stock .Treasury currency 4,680 22,739 3,369 +102 3 2,433 49 + 148 Member bank reserve balpnges Money in circulation Treasury caeh Treasury deposits with F. R.Banks Nonmember deposits and other F.R.accounts 12,211 14,312 2,260 361 -1,646 - 35 +230 + 11 - 11 -88 - 383 +3,891 + 65 - 572 "-• 466 + — Form E . R . 283c L I A B I L I T I E S Total P. R . notes in actual circulation 11,302,299 Deposits* Member bank-reserve a c c t . 12,210,595 U.S.Treasurer-general acct. 36Q,777 Foreign 894,211: Other 463,981 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 4 , I942 (In thousands of dollars) Boston New York Phila„ Cleve. Rich, Atlanta Chicago St.Louis M i n n . Kans.Cy. Dallas San Fran* 822,197 2,629,712 738,902 1,049,279 721,485 494,626 2,248,665 476,869 277,709 394,234 228,387 1 , 1 7 0 , 2 3 4 698,126 4,550,353 30,442 113,724 23,511 1/474,660 5,299 302,993 599,525 28,831 66,046 15,467 515,335 5,601 30,271 11,698 433,535 1,775,829 411,164 2 5 0 , 5 1 4 468,072 423,904 1,113,945 13,22:7 32,437 17,250 .30,883 7,017 10,806 34,105 24,079 83,933 20,639 15,136 19,951: 19,951 52,740 2,689 6,587 11,093 10,083 7,282 5,110 35,519 964,393 36,454 63,294 55,156 Total deposits 13,934,564 757,378 5,441,730 709,869 1 , 1 1 9 , 2 9 7 562,905 4 7 3 , 5 3 0 1,898,786 460,146 306,621 503,222 464,771 1 , 2 3 6 , 3 0 9 Deferred availability items 1,047,012 89,650 189,075 63,475 122,966 83,498 42,246 180,194 50,342 30,388 61,936 51,674 76,518 Other liabilities including accrued dividends 202 220 228 136 5,243 666 403 341 511 265 • 1,367 313 589 TOTAL LIABILITIES 26,289,123 1,669,893 3,261,884 1,567,559 2 , 2 9 2 , 0 5 3 1 , 3 6 8 , 2 9 6 1 , 0 1 0 , 6 6 7 4,323,234 937,559 614,854 059,670 745,052 2,483,402 CAPITAL ACCOUNTS Capital paid in 145,397 9,479 53,498 11,755 14,850 5,846 5,-173 16,033 4,513 3,073 4,702 4,451 12,019 Surplus (Section 7) 157,502. 10,949 -56,651 15,171 14,346 5,236 5,725 22,925 4,966 3/152 3,613 3,976 10,792 Surplus (Section 13b) 26,781 2,874 7,070 4,393 1,007 3,244 713 1,429 530 1,000 1,137 1,263 2,121 Othor capital accounts 2,521 3,916 2,165 2*681 2,220 2,054 3,282 52,005 2:, 7 2 7 14,777 3,454 5,050 2,158 : TOT-uL LLiBILITISS AI:D • " : n CAPITAL ACCOUNTS 26,670,808 1;.695,922 8,393,880 1 , 6 0 2 , 3 3 2 2 , 3 2 7 , 3 0 6 1 , 3 8 4 , 7 8 0 l £ 2 4 , 7 o 4,377,542 999,733 624,760 9 7 1 , 3 4 2 756,796 2 , 5 1 1 , 6 1 6 Commitments to make industrial advances 112 318 10>230 1,409 456 1,174 135 123 . 972 — 1,286 — 4,245 F. R . notes outstanding Collateral for F.R.notes held b y F.R.Agentsj Gold certificates Eligible paper 11,747,471 877,791 2,722,302 811,530 1,032,540 749,664 5 2 5 , 3 9 1 2,296,269 500,903 '283,139 407,169 246,369 1 , 2 4 3 , 4 0 4 i.1,907,600 4,090 892,000 2,740,000 3,795 825,000 1,090,000 200 — 758,000 10 550,000 2,320,000 510,000 235,000 410,000 253,000 1,274,030 4o — 45 MATURITY DISTRIBUTION OF BILLS AKD- SECURITIES Total 10,540 14,994 Bills discounted Industrial advances U. S . Government securities. direct and guaranteed 4", 550,856 Within 15 days 5,470 3,528 16 to 30 days 1,1+99 466 31 to 60 days 2,501 247 61 to 90 days 1,070 2,168 t ;9l days to 6 months 6 months to 1 year — — 725 f 1 to 2 years 1,160 188,039 3814,01*2 ii26,85U 37,287 ! 213,781* 11,503 : l / After deducting $418,352,000 participations of other Federal Reserve Banks. 1,019 2 5.to 5 years — 681 295,575 1,1U2,61*3 Over 5 years — — 1,351,079 Form F . R . 283a Released for publication Fri<Jay morning, November 6, .1942; not earlier• STATEMENT OF CONDITION OF THE TWELVE FEDER.iL RESERVE "BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov 1942 Nov, 5, 1941 Oct. 2 9 , 1942 A S S E T S Gold certificates on hand and due from U . S . TreasuryRedemption 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 II. S . Government securities, direct and guaranteedj Bonds Notes Certificates Bills Total U . S . Government securities, direct and guaranteed 20,554,126 • 15,081 232,746 + - 2,904 526 25,397 - 27,775 — + + 3,406 1,137 1,470 710 +. + 4,543 4,961 + 6,997 - 1,331 - 17,766 20,801,953 . - 12,100 5,540 5,000 + 10,540 + + 14,994 1,470 2,166,053 1,320,444 634,448 429,911 • 50,327 +132,233 - 46,478 - 26,540 • + • + 4,550,856 +109,542 +2,366,756 Total bills and securities 4,576,390 +111,722 +2,376,260 Due from foreign banks. F . R . notes of 'other banks Uncollected items Bank premises Other assets 47 37,449 1,150,646 4o,147 64,176 768 - 1,463 - 90,495 + -242,393 45 753 18,066 + 3.009 . + TOTAL ^SSETS L I A B I L I T I E S F, R . notes in actual circulation Deposits* Member bank-reserve account U , S . Treasurer - general %ccount Foreign Other Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section ljb) Other capital accounts TOT*L LIABILITIES *ND CAPITAL ACCOUNTS • Ratio of total reserves to deposit and F . R . note liabilities combined Commitments to make industrial advances 759,253 543,144 634,448 429,911 26,670,808 + 10,628 +2,607,423 11,302,299 +222,794 +3,827,240 12,210,595 360,777 894,211 468,981 13,934,564 1,047,012 - 35,307 - 10,947 - 58,347 - 26;464 -131,065 - 80,756 - 383,835 - 572,443 - 252,940 - 205,232 -1,414,450 + 135,439 5,248 26,239,123 429 • 10,544 + 145,397 157,502 26,731 52,005 ' 26,670,808 32.4% 10,230 +2,593,659 20 + + 104 + - - - + + 10,628 4,113 437 4 4,218 +2,607,423 - 8,9fo - - 430 1,342 - 3,945 Form F . R . 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON (In thousands of .dollars) SEPTEMBER 4 , 1942 A S S E T S Total Boston N e w York Phila. Cleve. R i c h . Atlanta Chicago St.Lcuis Minn* K a n s . C y . Dallas San F r a n . Gold certificates on hand and due from U « S # T r e a s u r y 2 0 , 5 # w l 2 6 1,195*593 6,899*1*12 1j169>797 1,750,781 Redemption fund -F.R.notes 15,081 736 1,671* 1,467 573 Other cash 232,71*6 22,11*8 51,716 8,631 19,753. 962,664 744,373 3,560,523 708,948 4 5 7 , 6 6 7 685,953 512,412 1,906,003 502 580 361 281 6,759 408 1,256 434 27,623 14,644 32,611 13,272 8 , 3 9 6 14,134 12,459 7,359 Total reserves 978,054 758,053 3,588,726 723,953 465,307 ^ 4 , 8 5 1 525,355 1,945,373 20,801,953 1,219,1*15 6,952,595 1,179.001 1.771,270 Bills discounted* Secured b y U # S* Gov't obligations, direct and guaranteed 5,51*0 Other bills discounted 5,000 3,795 2,125 200 480 1,450 46o 10 220 5,920 621 680 1,910 5,H7 565,236 344,574 165,561 108,170 T o t a l U # S . G o v t securities, direct and guaranteed li. 550.856 175 610 45 150 230 175 610 195 879 748 549 165 166,632 101,582 48,807 25,414 193,506 121,009 58,143 31,378 141,300 86,133 41,388 21,596 08,294 59,919 28,791 16,814 354,698 1,183,541 342,435 Total bills and securities 11576,390 355,146 1,190,082 Due from foreign banks ii7 F . R . notes of other b a n k s 37,1*1*9 Uncollected items 1,150,61*6 Bank premises 1*0,11*7 Other assets 6i*,176 3 1,356 112,620 2,731 4,651 1 / 18 2T,617 222,108 10,324 16,136 Total bills discounted \ 10,51*0 Industrial advances Xk,99k U . S . Government securities, direct and guaranteed: Bonds 2,166,053 Notes 1,320,1*1*1* C erti ficate s 63I*, 1*1*8 Bills 1*29,911 448 172,077 104,399 50,.402 27,320 f TOTAL ASSETS — no 40 145 — — 145 380 185 145 380 62 110 362 1,874 134 4,035 263,509 105,028 160,638 64,027 77,183 30,763 112,514 15,359 58,622 35,735 17,171 8,835 93,934 60,312 28,078 17,111 84,517 51,523 24,756 12,738 213,308 130,083 62,505 32,162 409,036 290,422 203,818 * 613,344 215,677 120,363 2 0 5 , 3 3 5 173,534 438,153 348,232 411,325 291,400 2 0 4 , 542" 614,619 215,934 120,835 207,394 173,313 442,568 5 853 64,636 4,802 4,803 4 2,216 131,099 4,345 6,547 1 1,044 52,965 1,068 2,550 4 4,493 109,746 2,704 6,723 2 8,304 99,619 3,057 4,344 2 3,363 54,110 1,943 2,786 6 4,651 158,928 2,928 7,684 1 3,221 51,490 2,117 3,017 * 1,736 33,723 1,314 1,845 1 3,595 59,602 2,814 3,085 26,670,808 1,695,922 8,393,880 1,602,332 2 , 3 2 7 , 3 0 6 1,384,780 1 , 0 2 4 , 7 9 9 - 4 , 3 7 7 , ^ 9 9 9 , 7 3 3 624,760 971,342 7 5 6 , 7 9 6 2,511,616 •Less than $500. l / After deducting $20,000 participations of other Federal Reserve B a n k s .
@FedFRASER