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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, November 7; not earlier. Board of Governors the Federal Reserve System November 6, 1941 CONDITION OF THE FEDERAL RESERVE BANKS During, the week ended November 5 member bank reserve balances decreased $38»000,000. Reductions in member bank reserves arose from increases of $114., 000,000 in money in circulation and $18,000,000 in Treasury deposits with Federal Reserve Banks, and decreases of $8 ,000,000 in gold stock and $ 3 *000,000 in Reserve Bank credit, offset in part by decreases of $90*000*000 in nonmember deposits and other Federal Reserve accounts, and $li|,000,000 in Treasury cash and an increase of $2,000,000 in Treasury currency. Excess reserves of member banks on November 5» following the increase in reserve requirements effective November 1, were estimated to be approximately $3*410,000,000, a decrease of & 1 ,190,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended November 5# 194-1» were as follows: Increase or decrea.se since Nov. 5* 1941 Oct. 29, 19Ul Nov. 6, 1940 (In millions of dollars) Bills discounted U. S. Government direct obligations 2,179 U. S. Government guaranteed obligations Industrial advances (not including 14- million commitments - November 5) 10 Other Reserve Bank credit 6 — 5 -47 + 1 + 2 - 14-3 - 4 + 2 + 25 Total Reserve Bank credit Gold stock Treasury currency 2,247 22,788 3,221 " 3 - 8 + 2 “ 115 +1,207 + l6l Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 12,594 10,421 2,195 933 2,112 - 38 + ll4 - 14 +18 - 90 •’ 1*385 +2,036 - 26 + 468 + l60 Form F. R. 283-a Released for publication Friday morning, November 7* 19Ul; no^ earlier. STATEMENT OF COH)IT1OH OF THtS TWELVE FEDERAL RESERVE BANKS COMBINED fin thousands of dollars) I n c r e a s e d e c r e a s e o r s i n c e ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Bills discounted: Secured by 0, S. Gov’ t obligations, direct and guaranteed Other bills discounted TotaI bills discounted Industrial advances U, S. Government securities, direct and guaranteed: Bonds Notes 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 T O T A L A S S E T S Nov. 5, 19U1 20,557,030 14,555 258,143 20,829,728 2,13U 3,863 5,997 10,033 29, 1941 1'07. 6, 1940 - 1,997 + 1,131 - 17 ,01+5 - 17,911 +i,,232,729 + 5,160 51,644 + 1 ,186,245 + + + + + + O c t . 390 453 843 261 + 1,185 321 1,506 1,872 1,406,800 777,300 <■* — - 29,100 172,300 2,184,100 - - li+3,200 i , i o k - 139,822 + 2,483 - 84,845 45 + 505 + + - 17,247 211,347 358 9,254 24,063,385 - 98,709 +1.,265,405 7,475,059 + 89,893 +1,8U5,U83 12,594,430 933,220 1,147,151 674,213 15,349,014 861,573 - 37,161 + 18,393 - 42,258 - 46,321 -107,347 - 80,758 ~1,38U,988 •f 467,952 + 25,050 ■ f 115,800 - 776,186 186,329 4,818 23,690,464 374 - 98,586 + 487 +1,256,113 141,284 157,065 26,785 47,767 24,063,385 + + + 2 ,200,130 47 38,217 908,253 40,900 46,110 — + --- 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 account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F.R. note liabilities combined Commitments to make industrial advances 91.3# 14,175 — 25 --- - 148 - 93,709 — + 3,564 5,345 54 + 437 + 1 ,265,405 937 + + 1 .0% Z n on 6,88? Form F. R. 283”t> STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 5, 1941 (In thousands of dollars) ASSETS Total B o s t o n N e w Y o r k Phi la. C l e v e . Rich. Atlanta Chicago St.Louis Kinn. Kans.Cy. D a l l a s S a n F r a n . Gold certificates on hand and due from U. S. Treasury20,557,030 1,243,653 8,129,318 1,320,501 1,654,654 Redemption fund - F.R.notes 14,555 4,552 1,540 1,450 499 20,570 Other cash 258,143 15,554 27,924 49,531 802,040 534,356 3,447,414 625,473 363,937 532,530 596,631 1,500,675 710 500 1,689 241 1,533 797 654 385 38,041 18,311 12,969 17,915 5,397 13,441 11,391 26,399 Total 817,493 552,512 3,486,165 644,581 374,584 546,356 409,176 1 ,529,110 B i l l s S e c u d i s c o u n t e d : r e d b d i r e c t O t h e r T o t a l y U * a n d b i l l s b i l l s d I n d u s t r i a l U . 20,829,728 1, 276,129 8 ,180,339 1 ,336,554 1 ,676,674 r e s e r v e s S . G o v d i r e c t B o n d S . G o v ’t o b l i g a t i o n s , 300 1,015 580 223 50 132 70 — -- 300 273 3,732 202 207 — 1,941 1,595 1,096 109,078 60,270 364,773 201,548 110,798 61,219 2 1814-,100 169,543 566,321 s 171,539 3 990 95,003 2,787 3,326 569,012 18 4,170 168,249 10,530 11,330 g u a r a n t e e d 2 , l 3 h d i s c o u n t e 3 , 3 6 3 i s c o u n t e d d q a d v a n c e s e r n m a n d e n t 1 0 , 0 3 3 1 406,800 , ¿ T o t a l D u e U n c f r o o l O t h e r . G a n d b i l l s b\ li. B a n k 7 8 U . m f o e s n o t e c t e d p r e m i s l o v ’t s r e i g n o f e b c a u n o t h e r r k i t i e b a n k s i t e m s s A S S E T S 7 7 , 3 0 0 , s a s s e t s r O'.T A L 25 - 57 75 45 215 2,707 28 331 50 71 57 500 120 359 273 121 ' 474 2,922 96 781 23 456 139,000 76,833 86,951 48,045 60,063 33,186 192,099 71,570 41,870 106,141 39,544 23,134 60,502 33,430 49,507 27,244 120,729 66,706 172,017 215,893 134,996 93,249 298,240 111,114 65,004 93,932 76,551 187,435 176,022 £ 033 57,577 4,853 3,600 216,302 4 2,220 117,500 4,463 4,941 135,777 2 14,077 79,504 2,083 3,032 93,728 2 2,632 52,471 1,956 1,924 298,606 111,671 65,598 * 1 6 1,436 2,489 2,621 131,413 42,495 25,246 2,986 2,282 1,343 1,428 5,882 2,191 96,950 l 2,445 42,347 2,887 1,937 77,183 1 890 36,422 1,151 1,636 187,692 1, i,.r 3,401 59,966 2,779 4,295 25 341 136 s e c u r i t i e s , g u a r a n t e e d a n d e — g u a r a n t e e d : s d i r e c t 14 9 s e c u r i t i e s , N o t e s T o t a l q q j -- p ^ ) Q ¿47 3 8 ,2 1 7 9 0 8 , 2 5 3 1 * 0 * 9 0 0 1 * 6 , 1 1 0 24,003,385 1,549,887 8,944,206 1,579,529 2,022,112 1,052,773 705,225 3,927,547 805,842 469,635 692,923 526,459 1,707,247 * L e s s t h a n Ì 500 . Form F* R. 283-c STATEMENT OF CONDITION OF THE FED3RAL RESERVE BANKS ON NOVEMBER 5, I9I4I (In thousands of dollars) L I A B I L I T I E S Total Deferred availability items Other liabilities including accrued dividends 861,573 Cleve. 618,769 1 ,920,566 . 520,655 705,431 396,916 253,179 1,571,327 294,796 190,657 244.,750 126,921 631,092 690,34s 5,393,94-7 338,605 61+,871 50,005 41+6,535 13 ,841+ 51+7,632 769,874 74-,087 110,132 9,376 945,767 07,593 iol+,455 31,071 472,846 313,623 1,909,797 366,626 179,687 326,9bl 205,4-89 133,449 -.5,559 36,373 33,527 32,700 31,981+ 31,627 4.8,821 39,738 136,245 34-,061 24-,978 32,926 32,926 2,360 8,118 8,391 5,627 10,379 6,638 971 939,465 22,765 06,329 29,793 819,068 6,726,719 35,939 166,860 963,469 1 ,168,886 60,509 112,801 1+,818 525 357 1,291 Rich, xit 1ant a Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. 561,769 393,379 2 ,185,118 456,625 21+7,676 395,782 352,166 1,078,357 77,589 41+,661 122,848 42,402 21,485 40,870 35,691 49,833 4ol+ leb 15,34-9,012+ Phila. ; r— ! Vjsi Total deposits Ne w York, [ F. R. notes in actual cir culation 7 ,1+75,059 Deposits: Member bank-reserve acct. 12,594,430 U.S.Treasurer-General acct. 933,220 Foreign 1 ,11+7,151 Other deposits 671+,213 Boston 333 1+93 150 133 182 170 297 23,690,401+l,52l+,301 8,815,1+36 1,51+5,070 1,907,601 1,036,670 691,552 3,879,786 793,973 459,951 631,581+ 514,948 1,759,504 C A P I T A L A C C O U N S 14,602 Capital paid in 11,866 5,639 4-,855 9,362 4,504 4-,357 11,773 15,078 4,376 3,013 51,779 l4l,284 3,974 10,705 10,906 4,925 3,152 Surplus (Section 7) 3,613 5 , 2/47 5,725 22,824 15,11+4 56,41+7 14,323 157,065 1,263 2,121 1,138 533 1,000 7,070 1,007 Surplus (oection 13^) 3,241+ 713 2,071+ 4,393 1,429 26,785 2,0041,965 2,380 1,917 2,9843,056 8 , 1+30 Other capital accounts 2,035 2,519 4-,579 13,474 2,441+ 47,787 TOT a L LIABILITIES T TOTAL LI a BILITISS AND capital accounts 2l+,063,385 1 ,54-9,007 0,941+,20Ó 1 ,579,529 2,022,112 1,052,773 705,225 3 ,927,547805,042 469,635 692,923 526,459 1 ,707,247 Commitments to make industrial advances li+,175 46o 44-9 2,237 1,081 1,227 m a t u r i t y dueî bills discounted Industrial advances U. S.) Government securiti es, direct and guaranteed Total Vfithin 15 days 5,997 10,033 2,826 3,042 2,18i.|.,100 — 16 to 30 days 293 398 — 31 "bo 60 days 572 671 T R I B U T I O N 1,776 745 20 1,501 23 OF BILLS AFD SECURITIES 6 months to 1 Year 1 Year to 2 Years 1 ,901+ 471+ 59 1,616 1,722 1,417 8)+,800 66,200 208,200 51+8,300 6l to 90 days 91 days to 6 months 343 693 -- 1,600 £] Years to 5 Years Over 5 Years — 1 ,276,600 3 ,01+0 Form F. R. 283-d FSDER k L RESERVE NOTE STATEMENT ON NOVEMBER 5, 19U1 (In thousands of dollars) T o t a l F e d e r a l R e s e r v e B o s t o n N o w Y o r k P h i l a . C l u v a . 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 M i n n * K & n s . C y . D a l l a s S a n F r a n . n o t e s : Issued to t. R. by F.B.A^ont 7 ,816,607 652,1+87 2 ,002,170 542,794 732,631 .¡¡19,293 270,906 1 600,917 313,746 196,101+ 254,Ul2 139,08? 692,060 Held by Federal Reserve 341,548 33,713 8l,60l+ 22,139 27,200 22,377 17,727 29,590 18,950 5,447 9,662 12,166 60,968 B a n k , S I n a c t u a l i o l l a t o r a l c u r i t y i g r c b u y n o t e s l a t i i f r o b l e m U . S . T r Total collateral a k ' s 6 18,76 9 7 , 1 + 7 5 , 0 5 9 a s o n e n n I s s u e d p a p e r o a g e n t c e r t i f i c a t e s d u e l i h e l d f o r G o l d S c a r y ' , 9 2 0 , 5 6 6 2 , 0 1 0 , 0 0 5 2 0 , 6 5 5 7 0 5 , 1 + 3 1 3 9 6 , 9 1 6 2 5 3 ,1 7 9 1 5 7 1 ,3 2 7 294,796 190,657 2 4+ ,750 126,921 631,092 , I J s e t o h a n u 1 b a n k : d a n d 7 , 9 8 8 , 0 0 0 5 ,1 7 7 6 7 5 , 0 0 0 500 0 1 , 5 9 5 565 , 0 0 0 223 7 5 5 , 0 0 0 " 1 + 5 0 , 0 0 0 ~ 2 7 5 — , 0 0 0 1 , 6 1 + 0 , 0 0 0 — 3 2 9 , 0 0 0 5 7 1 9 7 , 0 0 0 n 6 2 5 5 , 0 0 0 2 , 8 8 l i + 3 , 0 0 0 7 l ! + , 0 0 0 6 7 ,993,177 675,300 2 ,011,595 565,223 755,000 1+50,000 275,000 1 ,61+0,000 329,057 197,116 257,836 11+3,000 714,000
@FedFRASER