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Form F # R # 283 STATEMENT FOR THE PRESS Released for publication Friday morning, October 30; not earlier. Board of Governors of the Federal Reserve System October 2 9 , 1Q]|2 CONDITION OF TIE FEDERAL RESERVE BANKS During the week ended October 28 member b a n k reserve balances decreased $53,000,000. .Reductions i n member bank/reserves arose from increases- of $190,000,000 in nonmember deposit.s and-other Federal Reserve accounts, $87*000,000 in m o n e y in circulation, and $11,000,000 in Treasury cash, and from a decrease of $6,000,000 in gold stock, offset in part b y a decrease of $11*9,000,000 in Treasury deposits with Federal Reserve Banks and increases of $8U#000,000 in Reserve Bank credit &nd $3*000,000 in Treasury currency* Excess reserves of member banks on October 28 were estimated to be approximately $2,160,000,000, a decrease of $190,000,000 for the W w O k . • The principal change in holdings of bills and securities was. an increase of $2l6.,000,000, in United .States g o v e r n m e n t securities. Bonds increased $67,000,000, notes $123,000,000, and certificates $$5,000,000, w h i l d bills decreased $2-0,000,000. -Changes in member b a n k reserve balances and related items during the w e e k and the year ended October 2 8 , I9i|£, were as follows* Increase or decrease since .Oct,. 23,. 1?1.2 Pet. 2 1 , lqlp* Oct. 29 19^1 (In millions of dollars) Bills discounted 9 U . S # Government direct obligations hsb^k U , S # Government guaranteed "obligations 17 * Industrial advances(not including 12 million commitments - October 28) * " ' lit ' Other Reserve Bank credit 113 Total Reserve Bank credit Gold stock Treasury currency Member bank reserve balances M o n e y in circulation Treasury cash Treasury deposits w i t h F. R , Banks Ilohmembor deposits 'and other F . R . accounts U.57B 22,730 3,366 12,246 14,082 2,249 372 * 1,734 + 2 +216 + +2,2i(.5 + 12 1 + h •133 • 62 - Qk 6 +2,328 c - 58 + 87 + 11 • !-149 . +190 7 Ihl 3 - 366 +3,775 + 4o - 543 - 468 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 28, 1942 (In thousands of dollars) Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Form F . R . 283c L I A B I L I T I E S Total F . R . notes in actual circulation • 11,079,505 812,636 2,587,963 777,266 1,040,539 702,637 1+70,337 Deposits: Member bank-reserve acct. 12,245,902 624,744 990,214 4 9 2 , ^ 5 395,221 663,883 4,670,565 BUS.Treasurer-general acct. 371«,724 23,657 2 3 , 2 9 5 20,654 112,034 15,911+ 36,913 Foreign 952,558 32,779 26,074 23-, 506 1/500,259 71,518 68,538 Other 495,W*5 32,793 5,173 5,277 ~ 308,332 12,506 55,119 Total deposits 14,065,629 581,921+ 1+1+9,763 713,320 5,5^1,190 ~7247682T,T5o7785 Deferred availability items 1 , 1 2 7 , 7 6 8 73,31+5 128,375 96,149 1+7,147 97,311 238,226 Other liabilities including 290 accrued dividends 468 555 1,375 531+ 5,677 591+ TOTAL LIABILITIES ' 26,278,579 1,623,861 8,418,754 1,575,827 2,320,253 1,381,178 967,537 CAPITAL ACCOUNTS Capital paid in 5,845 5,173 53,498 11,755 9,479 14,849 145,417 Surplus (Section 7) 5,236 5,725 56,651 10,949 14,346 15,171 157,502 Surplus (Section 15b) 2,874 7,070 1,007 3,244 713 26,781 4,393 Other capital accounts 2,716 2 , 1 5 0 2 , 5 38 5,031 51,901 14,743 3,437 TOTaL LIABILITIES AND CAPITAL ACCOUNTS 26,660,180 1*649,879 8 , 5 5 0 , 7 1 6 1 , 6 1 0 , 5 8 3 2 , 3 5 5 , 4 8 6 1,397,653 981,686 Commitments to make industrial 112 347 1,355 547 1,182 135 advances 11,572 F.R. notes outstanding Collateral for F.R.notes held b y F.R.Agents» Gold certificates Eligible paper San Fran. 2 , 2 1 3 , 3 8 0 466,032 2 7 3 , 9 1 5 382,551 2 1 5 , 2 0 2 1,137,047 1,765,099 li04,536 2 3 2 , 5 6 7 459,33U lil5,819 1 , 1 3 1 , 2 2 5 37,599 20,041 " 20,974 15,876 13,1+84 31,283 90,887 22,349 16,389 2i,6o4 2i,6o4 57,051 4,300 16,421 9,952 3,826 4,423 37,323 1,697,885 463,347 279,882 500,64TT455,530 1,256,882 204,286 55,516 2 7 , 7 7 2 51,216 41,501 66,924 588 295 151+ 239 249 4 , 3 1 6 , W 9 985,131+ 581,723 934,702 712,282 2,461,189 16,038 22,925 1,429 8,954 4,530 4,966 530 2,114 3,072 3,152 1,000 2,671 4,703 3,613 1,137 2,203 4,456 3,976 1,263 2,065 12,019 10,792 2,121 3,279 4,365,485 997,274 5 9 1 , 6 1 8 946,358 724,042 2,489,400 . 123 1,049 — 2,441 — 4,281 11,576,912 867,934 2,608,844 803,-723 1,073,72 5 733,315 514,64o 2 , 2 6 2 , 2 5 3 494,222 280,493 396,108 239,949 1 , 2 2 1 , 8 0 6 11,720,000 3,995 877,000 2 , 7 1 5 , 0 0 0 — 3,140 025,000 1,080,000 450 — 743,000 525,000 2,290,000 500,000 285,000 400,000 246,000 1 , 2 3 4 , 0 0 0 45 '360 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total 9,070 14,234 Bills discounted Industrial advances U . S . Government securities, direct and guaranteed 4,44l>Jl4 336 iiilithin 15 days 16 to 30 days 4,158 8,943 419,746 91 days to 6 months 6 months to 1 year 1 to-2 years 2 to 5 years 31 "to 60 days 61 to 90 days 1,367 427 2,500 238 1,045 1,031 757 1,170 1,026 634 39,984 116,336 145,279 285,202 323,030 295,575 1,001,960 1 / After deducting $451,589,000 participations of other Federal Reserve Banks. Over 5 years 1,309,202 'Form F. .R. 283a Released-for publication Friday morning, October 30,191*2; not earlier, : STATEMENT. OF CONDITION OF THE TFfELVE. FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase 6r decrease , since Oct. 28.,; 1942 Oct. 29, ; 19^1 Oct. 21, 19^2 • A S S E T ' S Gold certificates on hand and due from U . S , TreasuryRedemption fund - F. E. notes Other cash Total reserves Bills discounted: Secured b y 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 Certificates Bills Total U . S. 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 ASSET'S 20,547,129 16,412 250,512 + 20,814,053' - 10,241 9,999 750 092 + - 11,893 -2,988 24,676 .33,^86 2,326 1,590 3,916 + 1,664 + + + - 1,070 + 4,512 2,11'5,7261,188,211 680,^26 456,451 + 66,953 +122,770 + 55,539 - 28,764 + + + + 708,926 410,911 680,926 456,451 4,441,314. +216,4^8 +2,257,214 4,464,668 47 • 38,912 1,241,141 40,192 61,167 +217,092 +2,265,642 - ' 60 0 • -160,046 .27 + 4,233 + + 4,070 .5,000. 9,070 14,234 + 1,664 — «... + 3,178 248,043 753 15,562 26,660,180 + 50,326 ' ' +2,438,086 11,079,505 + 00,613 L I A B I L I T I E S F, R . notes in actual circulation Deposits: 1 Member bank-reserve account U<S.Treasurer-general account Foreign Other Total deposits Deferred availability items Other liabilities, including accrued dividends' TOTAL L I A B I L I T I E S 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 L» +3»6?4,339 » 12,245,902 371,724. 052,558 49-5,44514,065,629 1,127,768 - 53,504 -148,931 + 20,240 +1-73,530 - 13,665 - 27,463 - • 5,677' 26,278,579 + ' "363 + 49,848 + + ; 4,158 437 4 + 3,966 +2,498,086 •145,417 157,502 26,781 51,901 " 26,660,180' 11,572 + 485 +2,489,529 78 ; •+• + + 400 + 50,326 ' 82.8% 385,689 543,103 236,851 225,089 -1,390,732 + 185,437 .3% 1,005 - Q.J/o 1,666 Form F . R . 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 2 8 , 1942 (In thousands of .dollars) A S S E T S Total Boston New York Phila. . Cleve. Gold certificates on hand and due from U # S»Treasury 2o,5l*7,l?9 1,181,1*72 7,000,1*62 1*173*976 1,772,05$: Redemption fund - F # R # n o t e s 16,412 812 U739 1,739 675 53,820 Other cash 21*, 322 250,512 10,331 18^445 Total reserves 20,811*, 053,1*207,533 7,056,021 1,181*,982 1,791,312 Bills discounted* f Secured b y U . S . G o v t obligations, • • direct and guaranteed 3,140 " li,070 450 50 Other bills discounted 5,000 480 2,125 . 46o Total bills discounted 9,070 H*,28l* Industrial advances U* S . Government securities, direct and guaranteed* Bonds 2,115,726 Notes * 1,188,211 Certificates 680,926 Bills 1*56,1*51 Total U # S ; Gov't securities, direct and guaranteed 1*,1*1*1,3H* Total bills and securities 449 5,265 621 156,712 88,009 50,436 . 28,886 566,689 318^259 182,383 118,965 324,043 1,186,296 1*,1*61*, 66$ M i n n . Kans.Cy. Dallas• San Fran. 991,909 713,392 3,603,470 721,287 434,923 669,917 495,207 1,944,100 360 220 510 580 849 773 — 610 175 610 45 150 195 t 25 145 — 380 110. . 145 145 719 170 134 380 4,038 98,060 55.069 31*560 19,667 175 834 175 62 110 372 162,980 191»272 91,530 107,419 52,454 . 61,559' 31,712 34,753 137,159 96,612 77,031 54,260 44,143 31,094 27,194 .20,654 260,169 146,113 83,733 89,571 99,615 55,945 32,060 19,099 56,515 31,737 18,189 10,269 84,102 47,235 27,067 15,281 205*841 115,604 66,248 40,400 338*676 395,003 285,527 202,620 579,586 206,719 116,710 204,356 173,685 428,093 930 5,258 i 324,492 1,1952,182 344,864 396,362 286,880 203,629 1 / 18 J,47l 272,884 10,342 •15,798 5 1,546 69,658 4,802 4,726 4 2,422 154,883 4,345 6,158 2 2 8,654 4,614 103,095 55,423 3,057 1,943 4,056 .. 2,683 3 920 110,047 2,736 4,148 Chicago St.Louis 974,495 696,671 3,571,521 706,317 427,304 659,328 480,953 1,902,575 1,830 290 458 498 515 6,797 675 $84 34,728 15,584 16,263 31,274 14,586 7,329 10,074 13,756 t Due from foreign banks 1*7 F . k . notes of other bartfcs: 38,912 Uncollected items 1,21*1,1|*1 Bank premises 1*0,192 Other assets 61,167 TOTAL ASSETS — Rich. Atlanta % 580,371 206,976 117,192 205,220 173,989 * * 1 1 61 1,048 3,554 1,390 4,273 2,866 167,091 61,278 35,023 61,931 50,281 2,819 1*075 1,317 2,935 2,117 2,916 2,441 1,773 7,339 2,749 432,511 4 4,154 99,547 2,704 6,380 26,660,180 1>6U9,879 8,550,716 1,610,583 2,355.486 1,397,653 981,686 4,365,485 997,274 591,618 946,358 724,042 2,489,4oo •Less than $500. l / A f t e r deducting $29,000 participations of other Federal Reserve Banks.
@FedFRASER