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Form F. R. 283 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System October 2, 191+1 Released for publication Friday morning, October 3» not earlier. CONDITION OF THE FiiDERAL RESERVE BANKS During the week ended October 1 member bank reserve balances decreased $33,000,000. Reductions in member bank reserves arose from increases of 1113 ,000,000 in money in circulation and £>61,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $35*000,000 in Reserve Bank credit, offset in part by decreases of ^IjOOO.OOO in Treasury cash and ¿70,000,000 in Treasury deposits with Federal Reserve Banks and increases of <512,000,000 in gold stock and .¿2,000,000 in Treasury currency. Excess reserves of member banks on October 1 were estimated to be approximately ^5,190,000,000, a decrease of $10,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended October 1, 19^1» were as followss Increase or decrease since Oct. 1 19U1 Sept. 21+, 19U1 Oct. 2, 19U0 (In millions of dollars) + 5 - 238 2 Bills discounted 11 U. S. Government direct obligations 2,179 U. S. Government guaranteed obligations 5 Industrial advances (not including 13 million commitments - October l) 9 Other Reserve Bank credit 1+0 - 1 — — - 3U 1 5 Total Resjrve Bank credit Gold stock Treasury currency 2,21*1+ 22,761 3,196 - 35 + 12 + 2 238 +1 ,U90 + 150 Msanber bank reserve balances ïioney in circulation Treasury cash Treasury deposits with F.R. Banks Nonmember deposits and other F. R. accounts 13,21*0 10,183 2,259 309 2,210 - 33 +113 - 91 - 70 + 61 560 +2,011 - 35 - 369 + 355 <•»«> + FormTF.R. 203-a Released for publication Friday morning, October 3» 19415 n^t earlier. STATfflKKT OF CONDITION OF THE TWELVE FEDalLiL KESrJKVB Ba NXS COL'JIEED (In thousands of dollars) Increase or decrease sines Oct. 1, Seot. 24, Oct. 2, 1941 1941 1940 ASSETS Gold certificates on hand and due fron U. S. Treasury 20,466,031 +104,002 +1,,512,728 Redemption fund - F. R. notes 2,940 - 1,014 + 14,729 Other cash - 17,058 - 75,573 252,404 Total reserves £0,733,164 + 85,930 +i*iiU0,095 3ills discounted: Secured by U. S. Gov't obligations, direct and >*uarantoed 1,660 260 + . 311 Other bills discounted 188 + 9,409 5,111 Total bills discounted + 5,422 11,069 m Industrial advances U. S. Government securities, direct and guaranteed: londs Notes Total U. 3. Government securities, direct and guaranteed Total bills ar.d securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL a SSETS 8,902 62 1 ,363,800 820,300 2,184,100 527 — + 45,200 - 284,700 — - 239,500 2,204,071 47 37,718 1,058,511 40,732 Ub, 406 - 1,704 +101,593 49 + 1,185 - 233,551 ... + 15,569 4- 290,465 525 - 10,273 24,118,649 +186,1445 +1 ,501,780 7,255,733 + 91,483 +1,791,495 13,240,1448 308,748 1,184,983 733,bb5 15,467,624 1,018,920 - 32,636 - 70,208 + 73,624 - 11,539 - 40,759 +136,124 4* + + 3,692 258 23,745,969 +186,590 141,043 157,065 26,785 47,787 24,118,649 + 510 — l i a b i l i t i e s F. R. notes ir 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 TOTa L liabilities CAPITAL A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13’ d) Oth^r capital accounts TOTaL LIABILITIES aTD CAPIT.lL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to make industrial advances 91.25? 12,709 — - 30 175 +I86J 4Í6 + •1% + I 23 559,757 369,312 139,525 192,379 597,165 295,529 + 251 +1 ,1+90,110 4* 4* 4* 3,411 5,345 54 2,968 4*1 ,501,780 4+ 1.6/0 5,126 Form F.R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE CAKKS ON OCTOBER 1, l^l+l .(In thousands of dollars) ASSETS Total Boston Now York Phila. Clove. Rich. Atlanta Chicago St.Louis Linn. Kans.Cy.l.Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 20,1+66,031 1,172,081 8,1+86,61+1 1,269,911+ 1,619,585 71+7,653 1+97,1+38 3,1+98,020 550,915 342,388 1+88,781 352,038 1,1440,569 Redemption fund - F.R.notos ll+,729 861 821 1,011 703 4, 757 729 1,566 1,624 1,299 37I+ 14+5 534 15,068 Other cash 252,1+01+ 17,223 26,21+6 8,732 17 ,ola 15,1+85 17,732 27,1+35 5I+, 707 37,1+11+ 4,423 30,898 Dills discounted: Secured by U. S. Gov’ t obligations, direct and guaranteed 1,660 Other bills discounted 9,1+09 --- 1,155 8,1+50 163 19 100 56 9 Total bills discounted - 9,605 182 156 9 219 301 11.069 20 7 21+ 6 60 1+ 20 242 14¿ 577 15 27 21+ 6 61+ 262 719 15 171+ 3I+2 1+62 96 294 143 69,382 1+0,590 58,653 47,800 1+1,731 2l+,l+ll+ 35,279 28,752 117,039 70,397 — — Industrial advances 8,902 U. S. Government securities, direct and guaranteed: £°nds 1,363,800 Notes 820,300 1,667 1,081 3,623 105,714+ 63,601+ 353,621+ 212,697 107,1+12 64,605 13Í+,809 81+,293 58,227 81,081+ 50,703 35,022 186,227 112,012 Total U. S. Gov't securities. direct and guaranteed 2,181+,.100 169,31+8 566,321 172,017 215,893 13l+,996 93,21+9 298,239 111,113 65,001+ 93,932 Total bills and securities 0 171,015 175,822 Du~ from foreign banks 1+7 F. R. notes of other banks 37,718 Uncollocted items 1,058,511 Bank premises 1+0,732 Other assets 14+,1|06 3 1,106 105,082 2,791 3,198 577,007 18 2,750 255,999 10,1+01+ 11,311 total assets , . ON 20,733,161+ l,20l+,273 8,51+2,61+7 1,287,958 1,637,355 761+,70l+ 515,514+ 3,536,1+53 566,814+ 31+7,31+5 500,121+ 361,1+70 ; co !S ! * Total reservos 216,268 135,806 93,1+50 2 2 1+ 5 1,1+28 2,189 14,633 1,915 70,775 13]+,61+2 86,718 1+3,613 l+,l+76 2,791 1+.81+5 1,959 3 ,601+ i+,765 2,919 1,879 -- 76,552 187,436 298,605 111,119 65,530 94,290 77,565 * 1 6 l 1 2,273 1,065 3,557 2,799 531 11+5,551+ I4I+,775 2l+,178 47,020 36,100 2,287 1,345 2,900 1,158 2,991 2,118 1,863 5,639 1,589 1,353 187,594 4 3*472 64,047 2,785 4,168 2l+,1 1 8 61+9 1*487,468 9,400,136 1,5151+,1+37 1,999,699 W . 5 7 3 658,362 3 *992,01+7 729,1+1714+0,816 61+9,755 1+70,1+30 1,730,509 ♦Less than v500. For... F. R. 283-c STATELIENT OF CONDITION OF THE FED SEAL R’ JSKEVE BANKS ON OCTOBER 1, 1 ^ 1 (In thousands of dollars) L I I L 1 T î 3S Total tt. notes in actual circulati on 7,255,733 Deposits: ’ ,e:.iber bank-reserve acct. 13,240,448 TJ.S.Treasurer-General acct;. 308,748 Foreign 1,184,983 Other deposits 733,^45 Total deposits 15,467,624 Deferred availability items 1,018,920 Other liabilities including accrued dividends 3,692 Boston Novr York Phila. 601,472 1 ,878,309 503,779 686,852 375,661 243,004 1,529,757 281,670 184,471 241,311 121,373 608,074 686,675 5,989,464 54,120 18,391 510,632 50,761 8,182 610,877 786,399 29,302 105,561 14,751 985,432 458,699 296,511 2,063,343 324,541 174,554 292,065 261,282 38,827 20,582 17,136 35,759 24,530 20,396 24,123 14,731 100,120 46,795 36,089 130,591 32,648 23,942 31,559 31,559 7,012 8,286 6,020 10,212 6,740 4,754 1,538 23,730 921,633 10,751 82,726 26,343 764,009 95,903 7 ,165,093 227,077 936,013 1,153,109 533,080 360,072 2,235,713 391,931 225,432 352,501 309,160 1,041,503 53,036 69,897 124,846 82, ‘466 ia, 519 170,495 43,813 21,094 Uk , 503 36,271 493 972 268 Cleve. 348 Rich. Atlanta 356 110 Chicago St.Louis 361 139 i'inn. Kans.Cy. Dallas 131 133 TOTAL LIABILITIES 23,745,969 1:,46],877 9 ,271,451 1 ,509,957 1 ,965,155 991,5716144,713 3 ,944,326 717,553 431,123 638,453 C A P I T A L ii C C 0 U N T S 14,600 11,360 9,362 Capital paid in 15,09& 4,368 3,006 4,551 51,734 5,549 4,848 141,043 10,906 22,824 4,925 3,152 3,613 Surplus (Section 7) 15,144 157,065 56,447 14,323 5,247 5,725 7,070 1,007 1,133 Surplus (Section 13b) 3,244 1,429 713 2,874 4,393 26,785 533 1,000 1,962 2,363 2,000 3.083 8,370 2,038 2,530 4,614 Other capital accounts 13,434 2,449 47,787 TOTaL LIABILITIES *>TD CAPITAL uCCCUL'TS 24,118,649 1,487,460 9 ,400,136 1,54U,437 1 ,999,699 ¥>07,573 658,362 3,992,047 729,417 440,816 649,755 Commitments to make industrial 28 786 692 1,501 310 659 2,196 1,229 i,o4 U advances 12,709 514 FiiTiTRITY DlSTRIBUT.fOF OF BILLS ,J'!D SECURITIES Tithin 16 to 61 to 6 months 31 to 91 days to 2 Years to 1 Year Total 6 months tc1 1 Year to 2 Years 15 days: 30 days 60 days 90 days 5 Years — 150 250 3ills discounted 11,069 1,111 5 1,214 8,339 1,680 ]■,391 878 312 170 Industrial advances 8,902 438 1,484 2,549 U.iGoverrment securities, 84,800 66,200 208,200 548,300 43,000 — — — 2,184,100 direct and ¿uarantoed San Fran. 151 217 466,955 l.,702,830 4,296 3,974 1,263 1,942 11,771 10,785 2,121 3,002 473,430 1 ,730,509 23 Over 5 Years — — 1 ,233,600 3,225 Form Jt*'. R. 263-d FEBjJûJL RESERVE NC?£ ST^TK-'TE-T ON OCTOBER 1, I9Ì4I (In thousands of dollars) Total Federal .JL Reserve VÜ UU notes:i Issued id to F.R.Bank by F.h.^gent Held by Federal Xeserve Bank In actual circulation Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis rinn. Kans.Cy. Dallas San Fran. 7,605,730 631,335 1 ,960,654 525,793 712,915 399,096 263,17.-3 ],501,981 299,195139,951 21*9,000 133,393 677,051 349,997 30,363 02,31+5 £2,JlJ+ 26,063 2l+,235 20,174 32,,r2.'+ 17,525 5,1+00 7,777 12,020 09,777 7,255,733 601,472 1,073,309 503,779 606,352 375,601 21+3,001+ 1,52';,757 201,6701C1+,1+71 21+1,311 121,373 600,07' Collateral held by agent as se curity for notes issued to hank: Cold certificates on hand and duo fro?:: U. S. Treasury Eligible paper Total collateral 7,739,000 655,000 1,970,000 .Sl+p, >00 715 ,0JC 1+25, ->00 270,000 1,500,000 30^,000 192,000 ?73,000 13^, >00 639,000 9,999 ~ 9,520 163 -— — — — o0 256 7,748,999 655,000 1,079,520 540,163 715,000 425,000 270,000 1,500,000 309,j Oo 192,060 255,256 139,000 66;,000