The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
For- F* R# 2^3 STATEMENT FOR THE PRESS Released for publication Friday morning, Nov. 8; not earlier, Board of Governors of the Federal Reserve System November 7, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 6 member bank reserve balances decreased $193,000,000. Reductions in member bank reserves arose from increases of $120,000,000 in money in circulation, $89,000,000 in Treasury deposits with Federal Reserve Banks, $34,000,000 in Treasury cash, and $21,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $19,000,000 in Reserve Bank credit, offset in part by increases of $82,000,000 in gold stock and $4,000,000 in Treasury currency. Excess reserves of member banks on November 6 wore estimated to be approximately $6,730,000,000, a decrease of $200,000,000 for the week. The principal change in holdings of bills and securities was a reduction of $6,000,000 in United States Government securities, direct and guaranteed: holdings of bonds decreased $2,000,000 and of notes $4,000,000. Changes in member bank reserve balances and related items during the week and the year ended November 6, 1940, were as follows: Increase or decrease since Nov* 6, 1940 Oct. 30, 1940 Nov* 8, 1939 (In millions of dollars) Bills discounted U# S. Gov*t securities,direct and guaranteed Industrial advances (not including 7 million commitments - November 6) Other Reserve Bonk credit 4 2,327 - 6 - 8 22 - 14 + Total Reserve Bank credit Gold stock Treasury currency 2,362 21,581 3,060 - 19 + 82 + 4 - 359 +4,449 + 125 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 13,979 8,385 2,221 465 1,952 -198 +120 + 34 + 89 + 21 +2,230 + 976 42 + 117 + 932 - 2 360 4 6 Forp~F#?..283~a Released for publication Friday norning, November 8,19-40; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Nov. 6, 1940 Increase or decrease since Oct. 30, Nov. 8, 1940 1939 ASSETS Gold certificates on hand and due fron U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Bills discounted: Secured by U. S. Gov*t obligations, direct and guaranteed Other bills discounted Total bills discounted 19,643,483 + 44,002 678 - 31,503 + 11,821 949 3,542 + 95 587 + 492 - 1,984 - - -32 - 3,462 - 1,50C - 4,000 - 19,324,301 9,395 309,787 4,491 8Tl6l +4,466,091 + 256 — 14,101 +4,452,246 | - 142 1,842 Industrial advances IJ. S#Government securities, direct and guaranteed! Bonds Notes Bills Total U. S» Govern:::ent securities, direct and guaranteed 1,377,700 949,600 2,327,300 - 5,500 - 359?519 Total bills and securities 2,339,952 - 5,040 - 364,965 Due fron foreign banks F»R. notes of other banks Uncollected items Bank prenises Other assets TOTAL ASSETS + - _ _ 63,758 297,897 125,380 _ _ 47 20,970 696,906 41,258 55,364 + 1,216 - 62,447 — IS 170 + + 22,797,980 - 54,668 +4,190,662 5,629,576 + 80,702 + 13,979,418 465,268 1,122,101 558,413 16,125,200 675,244 -197,117 + 89,561 + 30,270 - 9,184 - 86,470 - 48,401 +2 ,230,758 + 117,646 + 665,870 + 235,502 +3»249,776 331 22,434,351 726 - - 126 118,743 779 14,709 LIABILITIES F. R. notes in actual circulation Deposits: Member bank ~ reserve account U. S. Treasurer - Genera]., account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL L I A B I L I T I E S CAPITAL A C C O U N T S 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 Connitnwats to makfc industrial advances 137,720 151,720 26,839 47,350 22,797,980 90.3% 7,288 - 54,895 42 54,668 i.1% 63 + - 812,482 113,138 122 +4,175,274 + + 2,123 2,568 425 11,122 +4,190,662 + 4»4$ 2,678 Form F. R. 283-b STATEMENT OF CO!OITION OF THE FEDERAL RESELRYE BARKS ON N0YEL3EER 6. 1940 (In thousands of dollars) ASSETS Total Bo ston New York Gold certificates on hand and due from U.S. Treasury 19,324,301 1,166,977 9,437,754 Redemption fund - F.R.notes 9,395 951 1,453 79,808 Other cash 309,787 33,915 Total reserves Phila. CIeve. Rich. Atlanta Chicago St •Louis Minn. Kans.Cy.Dallas San Fran.. 989,949 1.318,215 527,935 350,566 2,946,070 475,923 305,219 403,798 282,880 1,119,015 i npn 246 480 999 778 387 563 465 470 r>7^: V /11,518 8,007 .17,362 11,659 >0 26,753 24,926 20,493 1.9,200 17,862 19,643,483 1,202,345 9,518,513 1>015,345 1,339,174 548,657 369,206 2,985,434 487,687 313,613 4,21,640 295,102 1,146,767 Bills discountedt Secured by U. S. Gov't obligations, direct and guaranteed 949 Other bills discounted 3,542 60 60 1,173 225 215 158 117 30 69 2 61 65 215 40 84 193 213 92 1,170 4 109 20 108 4,491 60 1,233 440 275 99 63 280 124 406 1,270 113 128 Industrial advances 8,161 U. S. Government securities f direct and guaranteed1 Bonds 1,377,700 Notes 949,600 1,008 1,779 2,384 335 820 251 266 267 212 222 612 98,593 67,956 413,679 285,136 115,707 79,754 138,167 71.894 52,480 95,233 __ 49,_553 36,172 156,119 58,428 38,676 66,092 52,823 107;'608 4r j, 273 26/. 58 45,555 36,408 115,042 79,294 Total U. S. Gov't securities* direct and guaranteed 2,327,300 166,549 698,815 195,461 2.33,400 121,447 88,652 263,727 98,701 65,334 Hl,b47 89,231 194,336 Total bills and securities 2,339,952 167,617 198,285 88,966 47 20,970 696,906 41,258 55,364 3 559 68,717 2,843 3,726 264,273 98,830 66,007 3-13,129 89,566 * x 1 6 1 610 2,794 2,037 1,204 1,884 105,638 44r.L'";5 20.^.37 30,768 30,378 3,3/2 2 V'20 1,372 3; 081 1,114 2,831 5,835 2 5 l o ^ 1,573 195,076 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 701,827 18 1,720 138,460 9,731 16,030 Total bills discounted TOTAL ASSETS — 234,010 122,366 2 4 5 2,910 587 . 1,603 76,858 69,778 45,399 5,424 2,589 4,477 4,572 6,023 3,129 2 1,769 34,806 1,998 1,997 5- 4 3,293 31,462 2,867 4,895 22,797,980 1,445,810 10,386,299 1,268,670 1,663,096 749,491 498,744 3,367,322 637,265 404,306 573,011 419,602 1,384,364 *Less than $500. Form F. R. 283-b L940 STATELIEST OF COLIDITIOLI OF THE FEDERAL RESERVE BANKS OK NOVEMBER27,1940 (In thousands of dollars) LIABILITIES Total F» R. notes in actual circulation 5,629,576 Deposits* Member bank-reserve acct.13,979,418 U.S.Treasurer-General acct. 465,268 Foreign 1,122,101 Other deposits 558,413 Total deposits 16,125,200 Deferred availability items 675,244 Other liabilities including accrued dividends 4,331 TOTAL LIABILITIES Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. New York Phila. 452,501 1,499,195 385,020 510,055 266,425 182,957 1,202,778 211,260 154,700 202,949 93,215 468,521 824,475 7,402,588 19,236 162,642 54,554 627,477 8,672 443,193 677,975 15,833 75,264 35,744 915,238 345,879 224,782 1,831,939 317,532 173,361 269,378 231,102 43,838 11,717 17,032 77,150 21,762 25,548 28,553 25,917 71,424 33,024 36,880 92,160 23,040 16,896 22,272 23,040 13,892 3,517 3,019 7,235 7,221 4,471 5,914 2,236 765,169 16,040 56,0?O 23,299 906,937 8,635,900 60,852 124,510 804,816 1,044,392 394,137 271,713 2,008,484 369,555 220,27*6 326,117 282,295 44,842 73,996 73,024 30,689 109,362 44,905 19,778 32,979 32,341 860,578 27,966 437 1,244 421 471 154 201 481 148 144 161 148 321 22,434,351 1,420,727 10,260,849 1,235,099 1,628,914 733,740 485,560 3,321,105 625,868 394,898 562,206 407,999 1,357,386 C A P I T A L A C C 0 UN T S Capital paid in 137,720 Surplus (Section 7) 151,720 Surplus (Section 13b) 26,839 Other capital accounts 47,350 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Boston 9,337 10,405 2,874 2,467 51,089 53,326 7,109 13,926 11,881 14,198 4,393 3,099 14,077 14,323 1,007 4,775 5,349 5,247 3,246 1,909 4,680 5,725 713 2,066 13,993 22,824 1,429 7,971 4,166 4,709 538 1,984 2,957 3,152 1,001 2,298 4,423 3,613 1,142 1,627 4,l6l 3,974 1,266 2,202 11,607 10,224 2,121 3,026 22,797,980 1,445,810 10,386,299 1,268,670 1,663,096 749,491 498,744 3,367,322 637,265 404,306 573,011 419,602 1,384,364 Commitments to make industrial 128 2,679 advances 7,288 254 715 1,010 930 585 508 24 401 50 MATURITY DISTRIBUTION OF SILLS AND SECURITIES 2 Years to Over 1 Year 16 to Within 91 days to 31 to 61 to 6 months 5 Years 5 Years to 2 Years 6 months to 1 Year 60 days 90 days 30 days Total 15 days 690 1,816 99 Bills discounted 1,004 639 4,491 243 2,378 1,398 1,402 585 Industrial advances 518 305 1,467 108 8,161 Ui. S. Government securities, 665,100 1,257,600 194,000 95,300 115,300 direct and guaranteed 2,327,300 Forn. F. R. 283-d FEDERAL RESERVE IIOTE STATEL1ENT OH IJOVMBER 6, 3.940 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes t Issued to F.R.Bank by F.R.agent Held by Federal Reserve Bank 5,891,395 470,220 1,568,219 398,174 532,112 278,893 199,654 1,231,186 223,089 158,974 210,820 101,443 518,611 261,819 17,719 69,024 13,154 22,057 12,46)8 16,697 28,403 11,829 4,274 7,871 8,228 50,090 In actual circulation 5,629,576 452,501 1,499,195 385,020 510,055 266,425 182,957 1,202,778 211,260 154,700 202,949 93,215 468,52.1 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 5,987,500 490,000 1,585,000 410,000 535,000 290,000 205,000 1,240,000 224,000 159,500 215,000 105,0<"X) 529,000 2,976 60 892 352 65 100 311 1,196 5,990,476 490,060 1,585,892 410,352 535,000 290,065 205,000 1,240,000 224,100 159,811 216,196 105,000 529',000
@FedFRASER