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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, October 17; not earlier. Board of Governors of the Federal Reserve System October l6, 194-1 CONDITION OF THE FEDERAL R ¡¿¡SERVE BANKS Luring the week ended October 15 member bank reserve balances increased 131 ,000,000. Additions to member bank reserves arose from decreases of 1^5,000,000 in Treasury deposits with Federal Reserve Banks and $19,000,000 in Treasury cash and increases of $148,000,000 in Reserve Bank credit, $6,000,000 in gold stock and ^ 4,000,000 in Treasury currency, offset in part by increases of |I|.6,000,000 in money in circulation and 9!^,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on October 15 were estimated to be approximately $ 5 ,230,000,000, an increase of $20,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended October 15, 19Ul, were as follows: .Increase or decrease since Oct. 15, Oct. 8 , 1941 1941 (In millions of Bills discounted U.S. Government direct obligations U.S. Government guaranteed obligations Industrial advances (not including I4 million commitraents- October 15) Other Reserve Bank credit 8 2,179 1940 dollars) 3 + - 198 2 + 51 + + 1 26 - 168 - 5 9 112 Total Reserve Bank credit Gold stock Treasury currency 2,313 22,778 3,207 + 48 + 6 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 13,321 10,283 2,222 259 2,212 + 31 + 46 Oct. l6 . + - 4 - 19 45 + 44 4 +1,405 + 155 - 695 +2,054 46 - 204 + 281 Form I’ 1* It, 233-a Released for publication Friday morning, October 17, 1941; not earlier. 3TnTJa3ITT OF COELJTIO:' OF PH 5 T'TCLVE F’ lDFRAL RESERV3 BAITS jOrSIHCD fin thousands of dollars) j.i. ¿D ,li i Gold certificates on hand and due from !J. 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 Industr ial advanc es U. S. Government securities, dir )ct and guaranteed: Jords Kotes Total U. S. Government securities, direct and guaranteed Oct. 15, 19U 1 Increase or decrease since Oct. 16, Oct. 8 , 1941 i?4o 20,525,032 14,153 250,498 20,789,683 + 24,002 143 + 7,107 + 31,252 1,487 6,275 7,762 104 3,105 3,209 186 + 4* + + 175 3,850 4,025 948 1 ,363,800 820,300 — — - 33,900 165,500 2 ,184,100 — - 199,400 - 194,427 — 19,122 361,975 4179,558 9,273 + +1,447,733 2,869 76,103 + 1 ,374,439 Total bills and securities 2 ,201,135 Lue from foreign banks F. R. notes of other banks Uncollected it eras Bank premises Other assets 47 40,674 1,433,599 4o,84o 44,118 3,023 — + 1,957 + 536,869 + 80 826 24,550,096 + 566,315 +1,551,134 7,350,851 + 51,346 +1,842,427 13 ,321,390 258,814 1,188,259 731,908 15,500,371 1 ,321,876 + + + + +485,776 + + + 4,186 24,177,284 121 + 566,536 + 528 + 1,540,287 141,173 157,065 2o,785 47,789 24,350,096 + + + + T O T A L ..SS ,T 3 - + + - L I i, B I L I T I ’ I' S F. h. notes in actual circulation deposits : camber bank - reserve account U.S. Treasurer - General account Foreign Other deposits Total deposits Deferred availability items Other li.Vbilities including accrued di vid end s TOTAL LIa E ì LITIIS Capital paid in Surplus (Section 1} Surplus (Section 13b) Cther ca?ital accounts TOT^L LINSILITI ?S AH) CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. k. note liabilities combined Commitments to make industrial advances 91 .0# 13,580 30,942 45,209 23,095 20,507 29,335 18 — — 094,422 203,796 130,915 128,906 638,397 335,729 3,520 5,345 54 2,036 39 + 566,315 + 1 ,551,134 - + .270 93 l.3> 6,121 Form F. R.283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BnJTKS ON OCTOBER 15, 19Ul (In thousands of dollars) ASSETS T o t a l G o l d c e r t i f i c a t e s d u e R e d e m f r o m p t i o U . S . n T f u n d r o n e - h a a s u r y n d F . R . n o t e s i i i l l s d i s c o u n t e d : S e c u r e d d i r e c t ^ t h e r T o t a l b y b i l l s b i l l s I n d u s t r i a l U . S . d i r S . g d u , G o v ’t u n t e i u n t e d s c o d e c U . 1 w Y o r k P h i l a . C l o v e . U , 6 7 7 25 ,6 lo 8 , 3 8 6 , 2 7 7 1 , 0 0 9 50,136 l , 29^,225 1 6147,6 0 5 , ¿ 9 5 17,292 . R i c h . 7 6 2 0 8,1+37,1+22 1,312,212 1 ,663,903 9 0 1 15,678 A t l a n t a C h i c a g o G o v * t K a n s . C y . D a l l a s S a n F r a n . ,£>63 88 4 # 5 ^ U , 2 U i I . 16,927 3 2 1 19,634 3 , ^ 2 7,2 2 7 896 55,798 5 7 3 , 80 O 8 3 5 17,562 3 U ° , 9 7 9 5 2 0 4,985 506 1 7 , ^ 1 ^ . 2 2 11,623 3 1 , 1 + 6 7 9 10,14+5 7 9 # 0 1 f 1 , 5 9 5 2i+,808 809,1+71+ 534,196 3,1+63,921 592,257 352,1+84 518,221 367,277 1,505,420 25 85 29 30 266 51 522 33 793 42 265 25 332 114 493 296 96 573 284 33 138 134,809 81,084 84,293 50,703 58,227 35,022 186,227 112,012 69,382 40,590 41,731 24,414 58,653 35,279 47,8oo 28,752 117,039 70,397 215,893 134,996 93,249 298,239 111,113 65,004 93,932 76,552 187,436 135,739 0 13,822 112,248 2,878 2,892 93,556 298,596 111,415 65,,611 * 86I 30:,174 1 i,345 1 ,,323 94,324 77,1+09 187,607 150 200 925 5,209 58 100 37 7,762 350 58 9,273 1,655 6,134 1,086 3,609 137 222 , 3 6 105,714+ 63 ,604 553,624 212,697 107,412 64 ,605 169,348 566,321 172,017 3 , 8 0 0 2.184.100 from foreign banks 47 F. R. notes of"other banks 40,674 Uncollected items 1 ,433,599 Bank premises 40,840 Other assets 1+4,118 n r . — — 300 s e c u r i t i e s , b u e ASS hi S t . L o u i s 30 12 1,487 6,275 820,300 direct and guaranteed T O T A L e g u a r a n t e e d : " S . N s e c u r i t i e s , N o t e s T o t a l n o b l i g a t i o n s , a d v a n c e s a n d o , l U , 1 5 3 r a n t e e d o o v e r n m e n t t a d i s c G B o n d s t 20,789,683 1 ,232,896 U . a n d s a n d 250 .lj.98 reserves o 20 525,032 1 202,609 other* cash T o t a l B n s 3 1,076 130,582 2,791 3,139 24 ,550,096 1 ,541,840 18 5,234 363 ,71+7 10,1+04 n,385 5 1,132 92,567 4,867 3,569 4 2,588 172,852 4,476 4,734 2 2,906 58,135 1,959 1,842 6 2,584 226,019 2,991 5,64o 1 2,219 61,952 2,286 2,067 l l + , o o o 55,170 2,900 1,845 j. 1,305 52,308 1,150 1,555 4 2,947 77,845 2,785 4,127 9 ,401,751 1 ,590,036 2 ,064,8091 ,077,105 692,596 3,999,757 772,195 451,798 676,461 501,013 1,780,735 * L e , s s t h a n '‘ , 5 0 0 . Form F. F. 283-c STOTSilfiKT OF CONDITION OF TH3 FTDERaL RESERVE BANKS ON OCTOBER 15, 194-1 (In thousands of dollars) L I A B I L I T I E S T o t a l F . c ft. u l a n o t e s t i o U . S . T r e F r i g n o e O t h e r T o t a l D e f e r J t h e r r a c t u a l c i r e e d b a n k - r a s u r e r - G e n e r a l e s e r v e a c c t . n l'T e w Y o r k Phila. Clove. 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 I '.■ ■ inn. Ka n s . C y . D a l i a s S a n F r a n * 509,321 696,136 390,164 246,942 1 ,543,760 288,742 186,380 242,332 122,373 617,371 1 3 321,390 709,449 5,979,074 9,853 29,273 52,951 458,833 11,153 582,909 800,162 ]-,009,139 21,552 23,505 108,611 114,514 21,181 38,396 483,452 308,819 2 ,001,325 346,028 176,508 308,906 263,090 33,788 23,187 17,915 25,858 17,750 19,329 20,289 141,667 35,417 25,972 34,236 34,236 50,764 41,319 7,422 1,240 3,284 11,347 10,258 9,451 8,179 935,438 16,515 89,739 27,088 783,406 7,050,089 120,276 326,437 957,409 1 ,179,651 38,534 154,079 560,967 378,606 2 ,188,127 414,890 229,846 372,284 316,316 1 ,068,780 109,484 53,274 219,703 56,568 25,751 50,405 50,701 66,664 2 5 8 , 8 1 1 4 . p 7 3 1 , 9 0 8 o s i t s a v a i l a b i l i t y i t e m s J+, 186 B I L I T I E S A N 426 1.293 288 403 380 126 423 137 142 159 160 249 24,177,284 1 ,516,247 9 ,273,010 1,555,552 2 ,030 ,2691 ,060,995 678,948 3 ,952,013 760,337 442,119 665,180 489,550 1,753,064 U N T S Capital paid in Surplus (.Section 7) Surplus (Section 13b) Other capital accounts A 15,500,371 1 ,321,876 i n c l u d i n g TOTAL LIABILITIES C A P I T A L A C C O I o 612,139 1 ,895,191 1 , 1 8 8 , 2 5 9 l i a b i l i t i e s L t 7,350,851 , a c c t . accrued dividends T O T A L s : d e p o s i t s d o n D e p o s i t s ¡ ■ . . e m b e r i n B 141,173 157,065 26,785 47,789 9,361 10,906 2,874 2,452 51,772 56 ,44.7 7,070 13,452 11,859 15,144 4,393 3,088 14,600 14,323 1,007 4,610 5,639 5,247 3,244 1,980 4,849 5,725 713 2,361 15,095 22,824 1,429 8,396 4,368 4,925 533 2,032 3,011 3,152 1,000 2,516 4,552 3,613 1,138 1,978 4,296 3,974 1,263 1,930 11,771 10,785 2,121 2,994 D 24 ,550,096 1 ,541,840 9 ,401,751 1 ,590,036 2 ,064,309 1,077,105 692,596 3 ,999,757 772,195 451,798 676,461 501,013 1,780,735 Commitments to make industrial advances 806 28 13,500 1,600 1,501 2,265 1,041 1,2)4+ 851 507 559 23 3,155 AND 3 jCuHJTIjiS ii.tt.TUBITY DISTRIBUTION OF B 0 months 2 Years to l Year 16 to 31 to 61 to 91 days to Over to 2 Years 5 Y:>ars 30 days 60 days 90 days 6 months to 1 Y*ar Total 5 Years 15 days _ _ Bills discounted - • 12 7,762 6,215 069 536 139 191 — 896 I87 649 ' 1,698 332 1,495 2,569 i,447 9,273 C A P I T A L A C C O U N T S L L S W I n d u s t r i a l U . S . G o d i r e c t v e i t h i n a d v a n c e s r n a n d m e n g u t ar s e c u r i t i e a n t e e d ’S, 2,184,100 — -- 43,000 84,800 66,200 208. , 2 0 0 548,300 1 ,233,600 Form F. R. 28^-d F E D E R A L T o t a l F e d e r a l R e s e r v e I s s u e d H e l d b I n t o y a c t u a l l l a t e r a l c u r t y g . B a i h e l d r n k b i f r o o b u y n o t e s b l e T o t a l m U . y F . k e s e r v e i a t S . o . A g B a n k s n t n a s s e t o b a n k : T c o l l a t e r a l o n r e a s h a n u r y d 7 , 7 0 9 , 3 ^ 9 s t o n 639,128 3 5 8 , 4 9 8 a r j e n t p a p e r i R i s s u e d c e r t i f i c a t e s d u a E l i K o f o r G o l d . o E S E N R E N O T ( I n t h o u s a n d s o r k e V w Y E S T A T E M E N T o f P h i l a . O N O C T O B E R 1 5 , 1 9 U l d o l l a r s ) C l o v e * 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 L ' * i n n . X a n s . C y . D a l l a s S a n F r a n . n o t e s : F e d e r a l C o i F B R l , 983,066 8 7 5 2 8 , 0 0 7 2 6 , 9 8 9 8 7 , 5 1 8 , 6 8 6 722,663 4 1 1 2 6 , 5 2 7 7 , 3 5 0 , 8 5 1 6 1 2 , 1 3 9 1 , 8 9 5 , 1 9 1 5 0 9 , 3 2 1 696,136 7 , 8 3 6 , 0 0 0 6 5 5 , 0 0 0 1 , 9 9 5 4 0 , 0 0 0 7 2 5 , 0 0 0 , 3 6 3 2 1 , 1 9 9 3 9 0 , 1 6 4 269,159 2 2 . 2 1 7 1 , 5 7 7 , 2 1 5 3 3 A 5 5 512,678 192,402 252.796 134 ,4 39 23.956 6 . 0 2 2 246,942 1 , 5 4 3 , 7 6 0 2 8 8 , 7 4 2 1 8 6 , 2 7 5 , 1 , 6 0 0 , 0 0 0 3 2 9 , 0 0 0 1 9 7 , 0 0 0 3 3 0 1 0 , 4 6 4 1 2 , 0 6 6 6 8 6 , 4 3 3 69,062 242,532 1 2 2 ,3 73 6 1 7,3 71 a n d 6 , 9 4 6 350 0 , 0 0 0 6 , 1 3 4 58 — 4 2 5 , — 0 0 0 — 0 0 0 — — 110 2 5 5 , 0 0 0 l 4 l , 0 0 0 7 0 4 , 0 0 0 294 7 ,8)42,946 655,350 1 ,996,134 540,058 725,000 )425,000 275,000 1 ,600,000 329,000 197,110 255,294 141,000 704,000
@FedFRASER