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Form F, R . 203 STATEMENT FOR THE PRESS Released for publication Friday morning, October 16; n o t earlier, Board of Governors of the Federal Reserve System October 15, 19^2 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October l!+ member b a n k reserve balances increased $502,000,000, Additions t o member bank reserves arose from decreases of $270,000,000 in Treasury deposits with Federal Reserve Banks, $63,000,000 in nonmember deposits and other Federal Reserve accounts, and $7,000,000 in Treasury cash and increases of $258,000,000 in Reserve Bank credit, $3,000, D00 in Treasury currency and $2,000,000 in jold stock, offset in part b y an increase of $102,000,000 in m o n e y in circulation. Excess? reserves on October llj. were estimated to be approximately $2,710,000,000, an increase of $1|20,000,000 for the week. The principal change in holdings of bills and securities was an increase of $217,000,000 in United States Government securities. Bonds increased $150,000,000, notes $89,000,000 and certificates $30,000,000, while bills decreased $32,000,000, Changes in member bank reserve balances and related items during the week and the year ended October II4, I9I4.2, were as follows: Increase or decrease since Oct. lit, ' 1942 Oct. 7, 1942 Oct. 15 i§4i (In millions of dollars) Bills discounted. 11 U . S . Government direct obligations 3,80li U . S . Government guaranteed obligations 5 Industrial advances (not including 10 million commitments - October 14) 16 Other Reserve Bank credit 206 Total Reserve Bank credit Gold stock Treasury currency + 3 +217 + 3 +1,625 — + + 1 37 + + 7 clj 4,042 22,756 3,359 +258 + 2 + 3 +1,729 20 + 152 Member b a n k reserve balances 12,303 M o n e y in circulation 13,932 Treasury cash 2,228 Treasury deposits with F. R . Banks 123 Nonmember deposits and other F.R. accounts . 1,574 +502 + 102 - 7 -270 - 63 -1,018 + 3,S49 + 6 - 136 - 638 Forr.i F. R. STATEMENT OF CONDITION OF THE r'SDERaL RESERVE BANKS ON OCTOBER li*. 1942 (In thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis M i n n . Kans.Cy. Dallas 74Ja L I A B I L I T I E S Total F. R. notes in*actual circulation 10,909,602 800,804 Deposits: Member bank-reserve acct. 12,302,610 661,755 U.S.Treasurer-general acct. 122,980 5,271 Foreign 946,951 25,361 Other _ _335,3-61 _ _ _ _ _ 3 _, 2 5 5 Total deposits 13,703,402 695,642 Deferred availability items 1,468,135 125,631 Other liabilities including accrued dividends 5,945 575 2,564,232 764,823 1 , 0 2 3 , 4 1 0 636,233 4,523,300 39,524 1/194,013 163,730 5,225,617 326,209 664,155 1,028,464 604 10,934 71,304 68,333 12,313 55,366. 7437876 1,163,099 89,742 183,181 1,036 Sah Fran. 457,512 2 , 1 8 5 , 1 0 4 451,920 267,330 376,420 211,687 1,119,514 522,676 413,005 1 , 7 6 4 , 3 2 4 414,354 233,609 4 7 3 , 1 7 3 404,244 1,183,966 6,493 932 14,718 * 5 , n o 14,664 1 0 , 7 1 4 11,557 2,254 3 2 , 6 3 1 25,996 9 0 , 6 1 5 2 2 , 2 3 2 16,340 2 1 , 5 4 0 2 1 , 5 4 0 56,946 10,065 7,030 5,713 13,733 10,265 4,231 3,679 45,874 4517221"T",TO;a2T~46r,T33"276777ir306,?03 "43579ST r,2377715 127,350 50,130 243,031 62,511 28,791 64,467 59,828 106,764 290 209 613 203 171 3P9 279 26,092,084 1 , 6 2 2 , 6 5 2 8 , 1 1 7 , 4 0 0 1,604,477" 2 , 3 7 0 , 2 0 2 1,394,729 0 5 9 , 1 4 2 4,304,774 975/767 573,571 947,330 707,685 2 , 5 1 ^ , 3 0 5 1,292 512 451 TOT.iL LIABILITIES CAPITAL ACCOUNTS 16,024 4,530 3,077 4,700 4,454 11,999 Capital paid in 9,440 145,306 53,490 14,844 11,757 5,339 5,152 22,925 4,966 3,152 3,613 3,976 10,792 157,502 Surplus (Section 7) 10,949 56,651 14,346 5,236 5,725 15,171 1,429 530 1,000 1,137 1,263 2,121 26,731 Surplus (Section 13b) 2,374 1,007 7; 070 3,244 713 4,393 2 4,936 2,120 2,503 2,667 14,557 Other capital accounts 51,205 3,339 -3,363 2,099 ,66l 2,140 2,-039 3,176 TOTAL LIABILITIES «ND CAPITAL xiCCOUNTS 26,472,873 1,648,532 3 , 2 4 9 , 1 6 8 1,639,187 2,405,335 1,411,163 973,240 4,354,015 937,392 533,461 958,970 719,417 2 , 5 4 2 , 3 9 3 Commitments to make industrial advances 1,197 135 126 1,279 — 667 1,453 514 10,275 113 347 4,444 F. R . notes outstanding Collateral for F.R.notes hold b y F.R.Agents: Gold certificates Eligible paper 11,374,067 349,932 2,667,175 790,260 1 , 0 5 7 , 0 4 0 714,503 493,330 2,227,745 479,353 272,939 383,136 2 3 5 , 3 0 1 1,193,293 li,543,ooo 3,615' 863,000' 2,680,000 800,000 1,060,000 300 750,000 510,000 2,260,000 490,030 275,000 390,000 241,310 1 , 2 2 4 , 0 0 : 10 — — 45 3,260 MATURITY DISTRIBUTION OF BILLS AMD SECURITIES Total 10,714 16,015 Within.; 15 days 5,530" '.8,972 16 to 30 days 225 319 31 to 60 days 1,550 285 61 to 90 days 2,545 2,753 91 days to 6 months 864 346 6 months to 1 year 1 to 2 years Bills discounted Industrial advances 1,123 999 U.S.Government securities, direct and fmuranteed 3,809,324 . 107,741 418,810 93,377 157,332 249,062 272,355 295,575 l/ After deducting $452,012,000 participations of other Federal Reserve Banks, 2 to 5 year Over 5 years 718 624,034 ; 1,591,038 Forr.i F . R. 23Ja 'Eeleased for publication Friday morning, October 16, 1942; not earlier. STATEMENT OF CONDITION OF THE TTVELVE FEDER.IL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Oct. 14, 1942 Oct. 7, 1942 Oct. 15, 1941 A S S E T S Gold certificates on hand and and due from U . S» Treasury Redemption 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 20,567,128 17,466 243,190 + + + 5,501 5,333 6,7^9 + + 42,096 3,313 7,303 20,327,734 + 13,153 + 33,101 5,350 4,064 + 1,900 855 + 10,714 + 2,755 + 4,363 1,411 2,952 16,015 + 696 + 6,742 500,375 23,372 601,676 499,801 Industrial advances U. S. Government securities, direct and guaranteed:' Bonds Notes Certificates Bills 1,364,175 343,672 601,676 499,301 +130,455 . + 89,311 + 29,650 - 32,064 + + + + Total U. S. Government securities, direct and guaranteed 3,309,324 +217,352 - +1,625,224 3,836,053 47 33,343 1,674,192 40,229 55,730 +220,303 +1,634,918 + 3,069 +548,125 1 + 5,51*8 + + 26,472,373 +795,702 +1,922,732 Total bills and securities Due from foreign banks F. R.notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 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 Total deposits Deferred availability items Oth^r 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 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 10,909,602 - - — +111,434 1,831 240,593 611 ; 11,612 +3,558,751 12,302,610 122,980 946,951 335,361 13,708,402 +501,706 -270,429 + 19,011 - 78,036 +172,252 1,463,135 +510,724 -1,013,730 - 135,834 - 241,303 - 396,047 -1,791,969 + 146,259 5,945" 26,092,034 + 1,176 +795,536 + 1,759 +1,914,800 145,306 157,502 26,761 51,205 26,472,378 + + 34.6% 10,275 16 — + ioo +795,702 - h,133 + — .9^ 1,002* 437. 4 + 3,416 +1,922,732 - *Oct. 7 figures revised. 6.4% 3,305 Form F . R . 283b , STATEMENT OF CONDITION OF THE FEDERAL RESERVE. BANKS ON OCTOBER 21, 19^2 (In thousands of dollars) A S S E T S Total Boston N e w York Phi la. ; Cleve. R i c h . A t l a n t a Chicago St,Louis Gold certificates on hand and due f r o m U # S # T r e a s u r y 20,567,128 1,195,759 6,785,589 h,252,180 1,329,503 % Redemption fund -F.R.notes 17,1*66 961 881 1,377 1,641 10,632 Other cash 21*,li35 48,009. 17,665 2^3,190 Total reserves M n n . K a h s . C y . Dallas San. F r a n . 993,068 715,485 3,544,101 7 1 1 , 1 7 9 435,944 607,664 406,750 1,949,826 432 1,952 307 565 531 6,935 835 549 32,826 7,607 9 , 9 8 1 13,036 34,433 1 4 , 0 3 7 14,453 16,076 20,827,781* 1,222,071 6,835,239 1,21*3,693 1,848,209 1,009,473 732,126 3,579,369 725,648 443,858 <£8,194 5 0 0 , 3 1 7 Bills discounted: f Secured D y U . S . G o v t obligations, direct and guaranteed 5,850 Other bills discounted — Total bills discounted —— 3,260 §,125 300 480 50 368 10 176 2,000 175 5,385 418 721 186 610 777 2,175 812 86,246 39,031 27,837 20,047 — 145 185 145 110 370 145 2,555 330 134 380 4,o4o 48,526 21,964 15,662 10,154 85,862 38,860 27,713 20,017 74,528 33,728 24,054 15,595 185,663 84,024 59,924 62,850 45 . 150 110 175 195 62 232,269 105,116 74,967 98,902 88,147 39,895 28,450 22,265 610 1,989,587 — 380 46o 621 780 5,288 138,464 62,664 44,6>o 33,088 492,517 222,898 158,963 120,532 141,876 64,210 45,792 30,588 165,494 . 74,899 53,414 35,194 124,583 • 56,383 40,210 30,569 T o t a l U . S . G o v t securities, d i r e c t and guaranteed 3,809,321* 278,906 994,°10 282,466 329,001 2 5 1 , 7 4 5 I73,l6l_ 511,254 178,757 9 6 , 3 0 6 172,452 147,905 392,461 Total b i l l s and securities 279,366 1 , 0 0 0 , 9 1 6 288,534 330,140 2 5 2 , 7 0 8 176,148 512,039 179,014 9 6 , 7 8 6 175,152 148,369 396,881 1 / 18 "4,366 384,218 10,342 14,069 5 1,288 96,118 4,812 4,737 4 2,083 215,038 4,354 5,557 2 6,596 135,577 - 3,062 3,750 1 1,340 66,087 1,075 4 5,606 141,714 2,710 5,891 10,711* 16,015 Industrial advances U. S*. Government securities, direct and guaranteed: Bonds 1,861*, 175 Notes 8143,672 Certificates 601,676 Bills 1*99,801 1 3,836,053 Due f r o m foreign banks hi F . R . n o t e s of other b a n k s 38,81*3 U n c o l l e c t e d items 1,671*,192 Bank premises I*o, 229 0ths,r assets 55,730 f O L x L ASSETS 3 818 139,806 2,736 3,782 : 2,621 2 57,988 i,°46 2,409 6 4,355 243,672 2/934 6,64o 1 3,772 74,845 2,122 2,490 * 11.633 38,327 1,317 1,540 1 4,365 75,802 2,819 2,637 2,228 26,472,370 1 , 6 4 8 , 5 8 2 8 , 2 4 9 , 1 6 8 1,639,187 2,405,385 1 , 4 1 1 , 1 6 8 9 7 3 , 2 4 0 4,354,015 987,892 5 8 3 , 4 6 1 9 5 8 , 9 7 0 7 1 9 , 4 1 7 2 , 5 4 2 , 5 9 5 •Less than $ 5 0 0 . l / After deducting $29,000 participations of other Federal Reserve B a n k s .
@FedFRASER