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Form F. R, 283 STATEMENT FDR THE PRESS Released for publication Friday morning, Oct. 25? not earlier. Board of Governors of the Federal Reserve System October 24, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 23 member bank reserve balances increased $132,000,000® Additions to member bank reserves arose from decreases of ,000,000 in Treasury cash, $80,000,000 in Treasury deposits with Federal Reserve Banks, and $59,000,000 in nonmember deposits and other Federal Reserve accounts, and increases of $55,000,000 in gold stock and $3,000,000 in Treasury currency, offset in part by a decrease of $93,000,000 in Reserve Bank credit and an increase of $7,000,000 in money in circulation. Excess reserves of menber banks on October 23 were estimated to be approximately$6?940,000,000, an increase of $70,000,000 for the week. The principal change in holdings of bills and securities was a reduction of $32,000,000 in United States Government securities, direct and guaranteed: holdings of bonds decreased $12,000,000 and of notes $20,000,000. Changes in member bank reserve balances and related items during the week and the year ended October 23, ly40, were as follows: Increase or decrease since Oct. 23, 1940 Oct. 16, 1940 Oct. 25, 1939 (in millions of dollars) Bills discounted U. S. Gov't securities,direct and guaranteed Industrial advances(not including 7 million commitments - October 23) Other Reserve Bank credit 2 - 384 4 2,352 - + 4 6 8 24 62 Total Reserve Bank credit Gold stock Treasury currency 2,388 21,428 3,055 - 93 + 55 + 3 - 383 +4,389 Llember bank reserve balances Uoney in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 14,148 8,236 2,232 383 1,872 + 132 + 7 - 36 +2,198 + 934 + 2 + 57 + 940 - 80 - 59 + 126 Form Released for publication Friday morning, October 25,1940; not earlier® STATEMENT OF OOIIDITIOH OF THE TWELV3 FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Oct. 16, Oct. 25, Oct. 23, 1940 1940 1939 ASSETS Gold certificates on hand and due from U. S. Treasury +4,363,090 + 90,001 19,167,300 Redemption fund - F. R. notes + 1,148 1,210 10,074 Other cash 8,707 + 8,913 335,574 Total reserves + 97,704 19,512,948 +4,355,531 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed Other bills discounted Total bills discounted Industrial advances U. S. Government securities, direct and guaranteed* Bonds Notes Bills Total U, 3. Government securities, direct and guaranteed Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS LIABILITIES F. R, notes in actual circulation Deposits: Member bank - reserve account U, S. Treasurer - General account Foreign Other deposits Total deposits >oferred 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 Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances 2.12 1 2,225 2,226 8,305 20 3,458 1,386,100 965,300 - 11,600 - 20,000 + - 70,158 279,69? 174,320 2,351,900 - 31,600 - 383,859 2,363,730 47 22,233 760,247 41,348 54,189 - 31,832 - 389,543 992 2,533 3,525 + 320 108 22,754,742 + 681 -311,377 + 91 + 513 -244,220 5,520,271 + 11,847 + 776,554 14,147,775 383,052 1,071,443 528,776 16,131,046 +131,963 - 79,558 + 14,099 - 74,226 - 7,722 -249,790 +2,197,329 + 57,049 + 652,545 + 255,9.:-' +3,162,8°5 + 92,269 736,357 4,147 + -245,176 137,638 151,720 26,839 46,724 22r754,742 15 — +4,046,819 +4,031,648 + 971 -244,220 2,081 2,568 425 + 10,947 +4,046,819 + + ,4p — 7,422 - 1,152 97,990 760 15,247 489 22,391,821 90,156 + 37 + + 4.5$ 101 2,734 Form F. R. 283-b STATELIELIT OF CONDITIO!! OF THE FEDERAL RESERVE BANKS 013 OCTOBER 23, 1940 (In thousands of dollars) ASSETS Total Boston Mew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 19,167,300 1,193,565 9,332,583 Redemption fund - F.R.notes 10^074 1,538 1,256 Other cash 335,574 33,4-91 92,280 959,289 1,275,746 512,176 354,568 2,999,803 4-79,720 285,012 393,728 263,171 1,117,939 603 585 1,110 854 1,244 278 435 519 582 1,070 26,921 20,889 19,643 16,355 42,593 14,065 7,036 17,561 12,685 32.055 Total reserves 986,813 1,297,220 532,929 371,777 3,043,640 494,063 292,483 4-11,808 276,438 1,151,064 19,512,948 1,228,594 9,426,119 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 992 Other bills discounted 2? 533 20 81 610 184 192 166 105 40 58 2 99 57 149 15 93 118 153 122 787 127 180 60 107 3 >525 20 691 376 271 98 101 2C6 108 271 909 307 167 Industrial advances 3,305 U. S. Government securities 9 direct and guaranteed: Bonds 1,386,100 Notes 965,800 1,053 1,781 2,408 355 820 260 267 5 268 213 252 623 99,145 69,082 417,262 290,737 116,456 81,145 139,040 72,137 52,740 96,880 50,263 36,748 156,886 58,608 38,818 66,266 53,024 109,314 40,836 27,046 46,172 36,946 115,718 80,631 Total U. S. Gov1t securities, direct and guaranteed 2,351,900 168,227 707,999 197,601 235,920 122,400 89,488 266,200 99,444 65,864 112,438 89,970 196,349 Total bins and securities 2,363,730 169,300 710,471 200,385 236,546 123,318 89,849 266,67.3 99,557 66,403 113,560 90,529 197,139 3 682 76,460 2,847 3,651 18 2,352 177,409 9,750 15,682 5 1,033 54,537 4,488 4,484 4 2 2 1,646 2,615 1,971 86,023 71,421 32,279 5,424 2,591 2,001 5,883 3,1^7 1,971 6 1 * 1 1 2,727 2,580 1,094 1,991 656 100,343 42,745 20,717 32,661 27,717 3,358 2,422 1,374 3,097 1,121 5,756 2,123 1,537 2,416 2,776 4 2,886 37,935 2,875 4,783 Total bills discounted Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 47 22,233 760,247 41,348 54,189 22,754,742 1,481,537 10,341,801 1,251,745 1,632,746 736,003 499,850 3,422,503 643,491 383,608 565,534 399,238 1,396,686 *Less than $500. Form F. R. 2S3~c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 23, 1940 (In thousands of dollars) LIABILITIES Total F. R. notes in actual circulation 5,520,271 Deposits: Member bank-reserve acct.14,147,775 U.S.Treasurer-General acct, 383,052 Foreign 1,071,443 Other deposits 528,776 Total deposits 16,131,046 Deferred availability items 736,357 Other liabilities including accrued dividends 4,147 TOTAL LIABILITIES 22,391. C A P I T A L A C O O U II T S Capital paid in ,63s 137,638 Surplus (Section 7) 151. .,720 Surplus (Section 13b) 26,',839 Other capital accounts 46:,7.24 Boston Chicago St.Louis Li inn. Kans.Cy. Dallas San Fran. Hew York Phila. 449,002 1,470,529 378,875 505,211 257,582 178,715 1,183,734 206,777 152,308 197,983 89,965 449,590 853,388 7,446,887 19,639 116,155 51,794 589,211 7,653 430,932 672,573 13,884 73,615 25,309 895,164 334,544 224,704 1,952,483 329,948 164,584 275,909 222,038 34,277 20,872 22,328 39,624 21,777 17,965 20,884 23,742 69,859 32,301 26,291 90,141 22,535 16,526 21,7-34 22,535 8,331 3,526 3,194 8,648 7,521 4,075 4,628 1,952. 775,553 31,905 54,851 23,007 932,474 8,583,185 74,583 161,700 785,381 1,007,631 391,243 276,517 2,090,896 381,781 203,150 323,205 270,267 53,568 85,364 71,307 31,272 101,270 43,432 18,588 33,418 27,278 835,316 34,564 150 292 4,162 3,974 1,266 2,176 11,608 10,224 2,121 2,971 Cleve. Rich. Atlanta 421 1,180 420 427 141 180 470 139 172 9,333 10,405 2,874 2,440 51,057 53,326 7,109 13,715 11,881 14,198 4,393 3,029 14,075 14,323 1,007 4,708 5,342 5,247 3,246 1,895 4,677 5,725 713 2,051 13,961 22,82.4 1,429 7,911 4,162 4,709 538 1,953 2,957 3,152 1,001 2,280 155 4,423 3,613 1,142 1,595 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 22,754,742 1,481,537 10,341,801 1,251,745 1,632,746 736,003 499,850 3,422,503 643,491 383,608 565,534 399,238 1,396,686 Commitments to make industrial advances 7,422 263 722 1,038 960 587 509 U 14 4l6 50 136 4 2,723 MATURITY DISTRIBUTION OF BILLS AITD SECURITIES Bills discounted Industrial advances U.S. Government securities, direct and guaranteed Total Within 15 days 3,525 8,305 1,166 1,316 2,351,900 16 to 30 days 31 to 60 days 61 to 90 days 271 276 904 319 728 490 91 days *•- 6 months 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years 385 630 71 1,367 1,421 2,486 95,300 115,300 194,000 681,300 Over Years 1,266,000 Forn.F. R. 283-d FEDERAL RESERVE NOTE STATEMENT Oil OCTOBER 23, 1940 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Llinn. Kans.Cy. Dallas San Fran. Federal Reserve notes» Issued to F.R.Bank by F.R.ar;ent Held by Federal Reserve Bank 5,814,154 468,210 1,551,225 395,361 529,382 269,281 193,782 1,216,182 218,085 156,995 206,026 99,827 509,798 293,883 19,208 80,696 16,486 24,171 11,699 15,067 32 t U& 11,308 4,687 8.043 9,862 60,208 In actual circulation 5,520,271 449,002 1,470,529 378,875 505,211 257,582 178,715 1,183,734 206,777 152,308 197,983 89,965 449,590 Collateral held by agent as security for notes issued to bank* Gold certificates on hand and due fron U. S. Treasury Eligible paper Total collateral 5,930,500 490,000 1,575,000 400,000 532,000 290,000 200,000 1,230*000 219,000 157,500 210,000103,000 524,000 1,842 20 362 301 - - . 65 -- 85 214 795 - 5,932,342 490,020 1,575,362 400,301 532,000 290,065 200,000 1,230,000 219,085 157,714 210,7953D3,000 524,000
@FedFRASER