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Form F. R.283 STATEMENT FOR THE PRESS Released for publication Friday morning, Oct. 11; not earlier*. Board of Governors of the Federal Reserve System October 10. 1940 CONDITION OF THE FEDERAL RESERVE BAIJKB During the week ended October 9 member bank reserve balances increased $127,000,000. Additions to member bank reserves arose from decreases of $99,000,000 in Treasury deposits vdth Federal Reserve Banks and $11,000,000 in nonnember deposits and other Federal Reserve accountsr and increases of 378,000,000 in gold stock and $2,000,000 in Treasury currency, offset in part by a decrease of $37,000,000 in Reserve Bank credit and an increase of $27,000,000 in money in circulation. Excess reserves of member banks on October 9 v;ere estimated to be approximately $6,820,000,000, an increase of $100,000,000 for the week. The principal change in holdings of bills and securities v/as in United States Government securities, direct and guaranteedI holdings of bonds increased 581,000,000 and of notes decreased^$106,000,000, Changes in member bank reserve balances and related items during the vreek and the year ended October 9,194-0, were as fo]J.ows« Increase or decrease since Oct. 9, 1940 Oct. 2, 1940 Oct. 11, 3.939 (in millions of dollars) Bills discounted Bills bought U, S. Gov't securities,direct and guaranteed Industrial advances (not including 8 million commitments - October 9) Other Reserve Bank credit 8 _ _ 2,399 + 2 _ _ - 25 — + 1 - 1 -366 8 30 - 15 - 4+ 4 Total Reserve Bank credit Gold stock Treasury currency 2,445 21,349 3,048 - 37 + 73 + 2 -365 +4,376 + 124 Member bank reserve balances Honey in circulation Treasury cash Treasury deposits v.dth F. R, Banks llonmeraber deposits and other F. R. accounts 13,927 8,199 2,294 579 1,844 +127 + 27 +2,188 + 853 + 56 + 175 + 864 - 99 - 11 Porn F.R.283-a Released for publication Friday morning, October 11,1940; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS C0MBI1ISD (In thousands of dollars) Increase or decrease since Oct. 11, Oct. 9, Oct. 2, 1940 1940 . .1939,.. ASSETS Gold certificates on hand and due fron U* S. Treasury 19,032,300 + 78,997 +4,306,585 408 Redenption fund - F. R. notes + 2,394 Il,3£l Other cash + - 8,630 319,347 4,153 Total reserves 19,363,028 + 69,959 +4,313,132 Bills discounted! Secured by U. S. Gov't obligations, direct and guaranteed + 3,370 + 2,021 2,039 Other bills discounted 4,615 317 568 + Total bills discounted + 1,471 7,985 + 2,338 — — — Bills bought in open market 498 Industrial advances — 8,400 25 + 3,403 U. S. Government securities, direct and guaranteed: Bonds + 84,158 1,400,100 + 81,500 - 246,497 Ilotes -106,000 999,000 Bills - 203,457 Total U. S. Government securities, direct and guaranteed 365,796 2,399,100 - 24,500 - - Total bills and securities — — Due from foreign banks F. R# notes of other banks Uncollected items Bank premises Other assets 2,415,485 47 20,573 689,084 41,259 54,893 - 1,576 - 78,962 + 2 + 214 TOTAL 22,584,369 - 32,500 +3,948,865 5,479,364 + 15,126 + 13,927,014 579,053 1,056,401 517,853 +126,809 - 99,007 + 10,943 - 23,212 16,080,321 659,124 + 15,532 +2,187,858 + 175,518 + 612,194 + 220,453 +3,196,023 - 64,267 + 3,874 22,222,683 + 4-33 - 33,176 ASSETS LIABILITIES F. g,* notes in actual circulation Deposits: Member bank - reserve account U%S# Treasurer- General account Foreign Other deposits Tot a], deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital, paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS Ratio of total reserves to deposit and FtRt note liabilities combined Contingent liability on bills purchased for foreign correspondents Commitments to make indus trial advances 137,641 151,720 26,839 45.486 22,584,369 89.8% " 22,137 - + _ - + - - 9 - + - 721,552 17,504 497 +3,934,582 - + + _ - 667 + 2,080 2,568 425 10,060 - 32,500 +3,948,865 + + ,2% - 7,598 368,226 178 263 21,448 823 16,225 + 15 - 4,5% 101 2,730 Fbrm F. R. 2S3~b STATEMENT OF CONDITION OF THE FEDERAL EE-SERVE BANKS 013 OCTOBER 9, 1940 (in thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Oy. Dallas San Fran, Gold certificates on hand and due from U.S.Treasury 19,032,300 1,169,758 9,249,309 Redemption fund - F.R.notes 1,606 1,522 11,381 Other cash 319,347 33,019 88,883 971,735 1.257,907 511,989 355,492 2,941,244 465,688 302,136 410,477 266,253 1,130,312 706 676 1,663 296 894 1,339 594 1,102 445 538 37,352 14,169 6,463 16,951 12,263 26,201 31,032 19,853 18,763 14,398 Total reserves 998,642 1,278,436 532,415 370*704 2,979,935 430,153 309,044 427,966 279,110 1,162,446 19,363,028 1,204,383 9,339,714 Bills discounted* Secured by U. S. Gov't obligations, direct and guaranteed 3,370 Other bills discounted 4,615 - - — — - - 2,744 3,195 111 158 133 82 50 22 2 152 96 36 269 2,411 215 371 72 822 154 261 111 269 86 50 85 79 334 146 319 40 86 135 270 413 214 465 253 126 Total bills discounted 7,985 Industrial advances 8,400 I?. S. Government securities direct and guaranteed: 1,400,100 Bonds 999,000 Notes 1,120 5,939 1,781 100,056 71,391 423,467 302,153 117,715 83,991 140,503 72,498 53,161 100,251 51,730 37,932 158,121 58,867 39,032 66,504 53,334 112,821 42,003 27,850 47,452 38,056 116,842 83,370 Total U.S. Gov't securities direct and guaranteed 2,399,100 171,447 725,620 201,706 240,754 124,228 91,093 270,942 100,870 66,882 113,956 91,390 200,212 Total bills and securities 2,415,485 172,567 733,340 204,386 241,340 125,122 91,508 271,322 100,961 67,287 114,583 92,108 200,961 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 20,573 689,084 41,259 54,893 3 919 64,563 2,847 3,686 18 2,543 155,694 9,750 16,047 2 2 4 1,455 1,727 2,394 74,220 63,161 29,367 5,436 2,488 2,002 5,957 3,143 1,971 6 1 1 * 1 2,040 2,219 583 759 1,338 99,196 40,706 20,581 32,809 26,846 3,358 2,423 1,374 3,097 1,121 2,770 2,136 1,548 2,440 5,789 4 3,596 34,638 2,875 4,832 , TOTAL ASSETS 5 1,000 47,303 / Or* Zif y/400 4,574 5 623 22,584,369 1,4-48,968 10,257,106 1,260,398 1,606,848 728,058 498,028 3,361,825 628,420 400,593 582,234 402,539 1,409,352 *Less than $500. Forn F. R. 28>-c STATEMENT OF 00IJDITI01I OF THE FEDERAL RESERVE BANKS Oil OCTOBER 9, 1940 (In thousands of dollars) LIABILITIES Total F. R. notes in actual circulation 5,479,364 Deposits» Member bank-reserve acct.13,927,014 U.S.TreasureiMjeneral acct, 579,053 Foreign 1,056,401 Other deposits 517,853 Total deposits 16,080,321 Deferred availability itens 659,124 Other liabilities including accrued dividends 3,374 TOTAL LIABILITIES Boston New York Phila. 445,368 1,458,801 376,547 502,077 253,404 176,523 1,174,800 203,729 151,671 197,398 89,112 449,934 824,209 7,350,053 32,706 179,226 49,749 591,079 7,189 4-12,203 672,4-86 32,311 71,071 26,215 877,091 334,524 224,388 1,887,697 315,787 169,106 278,594 219,104 45,925 27,198 25,950 59,026 27,677 32,194 35,027 32,115 67,445 31,184 25,383 87,026 21,756 15,955 21,031 21,757 8,037 4,179 4,835 7,676 7,888 4,332 8,666 2,303 773,975 49,698 52,965 23,825 913,853 8,532,566 64,388 139,876 802,083 47,966 998,498 397,085 280,556 2,041,425 373,108 221,587 343,318 275,779 71,870 61,786 27,658 99,209 40,134 17,821 30,649 25,951 900,463 31,816 4l4 1,041 Cleve. 404 419 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 129 172 422 130 162 145 165 271 22,222,683 1,424,023 10,132,284 1,227,000 1,572,864 712,404 484,909 3,315,856 617,101 391,241 571,510 391,007 1,382,484 C A P I T A L A 0 C 0 U 1? T S Capital paid in 137,641 Surplus (Section 7) 151,720 Surplus (Section 13b) 26,839 Other capital accounts 45.436 9,333 10, ¥35 2,874 2,333 51,052 53,326 7,Io9 13,335 11,884 14,198 4,393 2,923 14,066 14,323 1,007 4,588 5,340 5,247 3,246 1,821 4,677 5,725 713 2,004 13,937 22,824 1,429 7,779 4,164 4,709 538 1,908 2,952 3,152 1,001 2,247 4,423 3,613 1,142 1,546 4,157 3,974 1,266 2,135 11,656 10,224 2,121 2,867 TOTAL LIABILITIES A1ID CAPITAL ACCOUNTS 22,584,369 1,448,968 10,257,106 1,260,398 1,606,848 728,058 493,028 3,361,825 628,420 400,593 582,234 402,539 1,409,352 Coranitnents to nake industrial 1,041 982 617 509 U hYl 358 728 IA 417 50 136 4 2,742 advances 7,598 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Over 2 Years to Within 16 to 31 to 61 to 91 days to 6 months 1 Year 5 Years 5 Years Total 15 days 30 days 60 days 90 days 6 nonths to 1 Year to 2 Years Bills discounted Industrial advances U. S. Government securities, direct and guaranteed 7,985 8,400 2,399,100 6,334 1,345 23-5 148 391 255 735 592 279 792 11 1,308 1,445 2,515 103,300 115,300 194,000 662,000 1,324,500 Forn.F. R. 283-d FEDERAL RESERVE BOTE STATRIEI-IT ON OCTOBER 9, 194) (In thousands of dollars) Total Boston How York Phila. Cieve. Rich. Atlanta Chicago St#Louis Minn. Kans. Cy. Dallas San Fran. Federal Reserve notesl Issued to F.R.Bank by F.R*agent Held by Federal Reserve Bank 5,771,996 464,006 1,542,680 394,967 523,224 265,924 192,266 1,204,620 216,735 156,532 205,293 97,042 503,699 292,632 18,638 83,887 18,420 21,147 12,520 15,743 29,820 13,006 4,861 7,895 7,930 58,765 In actual circulation 5,479,364 445,368 1,458,801 376,547 502,077 253,404 176,523 1,174,800 203,729 151,671 197,398 89,112 44-9,934 Collateral held by agent as security for notes issued to bank: Gold certificates 011 hand and due from U. S. Treasury Eligible paper Total collateral 5,844,500 470,000 1,555,000 400,000 524,500 275,000 195,000 1,220,000 219,000 157,500 .210,000 99,500 519,000 6,485 - 5,662 218 50 - 70 98 387 - 5,850,935 470,000 1,560,662 400,218 524,500 275,050 195,000 1,220,000 219,070 157,598 210,387 99,500 519,000
@FedFRASER