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Form F. R, 283 STATEMENT FDR THE PRESS Released for publication Friday morning, Oct, 4j not earlier* Board of Governors of the Federal Reserve System October 3, 1940 CONDITION OF THE FEDERAL RESERVE pAIIKS During the week ended October 2 member bank reserve balances increased $97,000,0001 Additions to member bank reserves arose from decreases of $115*000,000 in Treasury deposits with • % Federal Reserve Banks and $4,000,000 in Treasury cash and increases of $105,000,000 in gold stock, $10,000,000 in Reserve Bank credit, and $5,000,000 in Treasury currency, offset in part by increases of $82,000,000 in money in circulation, and $60,000,000 in nonmember deposits and other Federal Reserve accounts® Excess reserves of member banks on October 2 were estimated to be approximately $6,720,000,000, an increase of $70,000,000 for the week. Holdings of United States Treasury notes decreased $10,000,000 during the week* Changes in member bank reserve balances and related items during the week and the year ended October 2, 1940, were as followsf Increase or decrease since Oct. 2, 1940 Septf 25, 1940 Oct. 4, 1939 (in millions of dollars) Bills discounted Bills bought U. S, Govft securities,direct and guaranteed Industrial, advances (not including 8 million commitments - October 2) Other Reserve Bank credit 6 2,424 - 10 - 1 1 36I 8 45 - 1 + 20 + 4 12 Total Reserve Bank credit Gold stock Treasury currency 2,482 2.1,271 3,046 +10 +105 + 5 - 355 +4,313 + 126 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F# R# Banks Nonmember deposits and other F, R, accounts 13,800 8,172 2,294 678 1,855 + 97 +82 - 4 -115 +60 +2,128 + 863 + 44 + 209 + 840 + 1 —- Form F«R«-283~a Released for publication Friday morning, October 4, 1940; not earlier* STATEMENT OF c o m m o n OF THE TWELVE FEDERAL RESERVE BAWKS COMBINED (in thousands of dollars) Increase or decrease since Oct. 2, Sept. 25, Oct. 4 1940 1940 1939 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves 18,953,303 +110,003 1 11,789 327,977 - 19,557 19,293,069 + 90,445 Bills discounted! Secured by U. S. 3ovft obligations, direct and guaranteed Other bills discounted 1,3*9 + -4,298 + Total bills discounted 5,647 + 1,065 489 576 — — +4,257,086 + 2,784 + 2,824 +4,262,694 + 72 1,174 - 1,102 548 3,466 - Bills bought in open market Industrial advances U.S. Government securities, direct and guaranteed! Bonds Notes Bills Total U. S. Government securities, direct and guaranteed 1,31s,600 1,105,000 - 10,000 2,4-23,600 - 10,000 — 361,296 Total bills and securities 2/37,622 - 9,224- - 366,412 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets — _ 47 726 22,14-9 768,046 + 73 >076 41,257 37 54,679 + 1,132 ASSETS — to TOTAL — 289 — + - - 22,616,869 +154,666 + + — 2,658 140,4-97 223,457 129 1,566 101,532 825 14,272 +3,984,154 LIABILITIES F. R. notes in actual circulation Deposits! i.Ienber bank - reserve account U.S. Treasurer - General account Foreign Other deposits Total deposits Deferred availability items Other 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 Contingent liability 011 bills purchased for foreign correspondents Conuitnents to make industrial advances 5,464,238 + 57,253 + 732,105 + 97,093 -114,472 + 34,134 + 27,421 16,064,789 + 44,176 723,391 + 53,234 +2,128*541 + 208,933 + 579,321 + 231,663 212 3,44-1 22,255,859 +154,451 ?74 +3,970,097 137,632 + 2 151,720 26,839 44,819 + 213 22,616,869 +154,666 + + 13,800,205 678,060 1,045,458 541,066 89.6% - - 7,583 - — — — 495 +3,148,450 89,908 + - + 2,172 2,568 425 9,742 +3,984,154 + 4.4% - 101 2,695 Form F. E. 2.83-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAITXS Oil OCTOBER 2, 1940 (In thousands of dollars) ASSETS Total Boston New York Pliila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S.Treasury 18,953,303 1,172,013 9,249,490 Redemption fund - F^R. notes 1,788 11,789 1,672 Other cash 34,526 327,977 83,741 963,649 1,262,544 493,796 351,876 2,962,703 461,388 296,660 400,885 265,556 1,072,743 936 556 812 456 774 1,285 1,454 317 607 1,132 27,461 33,786 21,059 22,001 17,234 36,375 14,243 6,631 18,607 12,263 Total reserves 991,922 1,284,377 517,082 370,096 3,000,532 475,948 303,747 420,C48 278,426 1,107,661 19,293?069 1,208,211 9,335,019 Bills discounted: Secured by U# S. Govlt obligations, direct and guaranteed 1,349 Other bills discounted 4,298 Total bills discounted 5,647 — — — 714 2,949 139 128 133 72 50 68 2. 168 15 61 82 50 83 70 245 136 364 40 78 3,663 267 205 118 170 76 82 133 315 500 118 371 822 265 270 5 271 214 253 624 Industrial advances 8,375 U* S. Government securities 9 direct and guaranteed: Bonds 1,318,600 Notes 1,105,000 1,135 1,781 2,364 94,188 78,930 399,763 335,004 110,901 92,936 132,352 68,104 50,013 110,911 57,073 41,912 148,750 55,282 36,675 62,428 50,124 124,654 46,328 30,735 52,316 42,003 110,020 92,198 Total U.S. Gov't securities direct and guaranteed 2,423,600 173,118 734,767 203,837 243,263 125,177 91,925 273,404 101,610 67,410 114,744 92,127 202,218 Total bills and securities 2,437,622 174,253 740,211 ,"306,468 2-43,839 126,117 92,360 273,750 101,697 67,814 115,273 92,880 202,960 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 22,149 768,046 41,257 54,679 3 9 33 76,764 2,847 3,698 18 1,854 184,989 9,750 15,891 5 941 56,406 4,488 4,555 2 2 4 1,847 2,888 1,929 94,334 66,012 27,897 5,436 2,487 2,002 5,957 3,131 1,978 6 1 1 1 2,540 1,051 1,800 1,758 515 107,099 39,336 19,937 32,529 25,844 3,358 2,422 1,374 3,097 1,121 5,781 2,122 1,552 2,441 2,766 4 4,093 36,899 2,875 4,807 , TOTAL ASSETS 22,616,869 1,466,709 10,287,732 1,264,785 1,635,794 717,719 496,264 3,393,066 622,577 396,224 575,147 401,553 1,359,299 *Less than $500. Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BiSIKS ON OCTOBER30,1940 (In thousands of dollars) LI AB I L I T I Total Boston New York F. R. notes in actual cir— culati on 5,464, 238 443,637 1,466,079 Deposits t Member bank-reserve acct.1^800,205 815,461 7,277,233 U.S.Treasurer-General acct.678,060 51,846 233,485 Foreign 1,045,458 48,961 588,914 Other deposits 5-41,066 6,984 434,053 Total deposits 16,064,789 Deferred availability items 723,391 Other liabilities including accrued dividends 3,441 923,252 8,533,685 Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn, Knns.Cy. Dallas San Fran. 374,741 498,651 250,752 175,533 1,171,378 202,506 150,944 196,672 88,307 445,038 670,077 34,275 69,702 880,357 323,940 218,467 1,897,098 311,016 164,821 272,581 223,637 59,197 29,220 31,973 77,272 29,470 33,334 30,767 30,698 66,146 30,584 24,894 85,350 21,337 15,647 20,626 21,337 8,523 3,254 4,712 8,397 7,796 4,235 12,203 2,146 745,517 36,473 51,960 21,911 800,906 1,014,223 386,998 280,046 2,068,117 369,619 218,087 336,177 277,818 855,861 31,361 26,852 74,532 162,477 55,440 391 874 355 88,563 64,244 27,433 434 104 154 107,336 349 39,026 17,709 31,485 23,785 138 149 136 133 224 TOTAL LIABILITIES 22,255,859 1,441,812 10,163,115 1,231,442 1,601,871 702,098 483,166 3,347,180 611,289 386,889 564,470 390,043 1,332,484 CAPITAL ACCOUNTS 11,655 Capital paid in 137,632 9,333 51,051 11,884 14,066 5,339 4,679 13,929 4,164 2,952 4,423 4,157 10,224 22,824 4,709 3,152 3,613 3,974 Surplus (Section 7) 14,198 14,323 5,247 5,725 53,326 151,720 10,405 2,121 1,429 538 1,001 1,142 1,266 4,393 1,007 3,246 713 Surplus (Section 13b) 26,839 7,109 2,874 2,815 7,704 1,877 2,230 1,499 2,113 2,868 4,527 1,789 1,981 Other capital accounts 44,819 13,131 2,285 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 22,616,869 1,466,709 10,287,732 1,264,785 1,635,794 717,719 496,264 3,393,066 622,577 396,224 575,147 401,553 1,359,299 Connitrnents to make industrial 2,758 advances 7,583 336 728 1,041 982 619 509 14 49 136 4 407 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Over 2 Years to Within 16 to 31 to 61 to 91 days to 6 nonths 1 Year 5 Years 5 Years Total 15 days 30 days 60 days 90 days 6 nonths , to 1 Year to 2 Years Mils discounted 5,647 4,113 369 288 677 189 11 Industrial advances 2,535 8,375 1,382 131 251 407 930 1,294 1,445 U. S. Government securities, 1,243,000 664,000 196,000 direct and guaranteed 92,500 110,800 117,300 2,423,600 Forn F. R. 283-d FEDEKAL RESERVE NOTE STATELIEST Oil OCTOBER 2, 1940 (in thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notest Issued to F.R.Bank by F.R.a-ent 5,732,623 458,869 1,539,034 394,138 518,911 263,546 189,441 1,194,170 212,353 155,752 204,686 97,331 504,392 Held by Federal Reserve Bank 268,385 15,232 72,955 19,397 20,260 12,794 13,908 22,792 9,847 4,808 8,014 9,024 59,354 In actual circulation 5,464,238 443,637 1,466,079 374,741 498,651 250,752 175,533 1,171,378 202,506 150,944 196,672 88,307 445,038 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due fron U. S. Treasury 5,830,500 470,000 1,555,000 400,000 521,500 275,000 195,000 1,210,000 219,000 157,500 210,000 98,500 519,000 Eligible paper 4,226 - 3,488 227 - 50 - 70 98 293 - Total collateral 5,834,726 470,000 1,558,488 400,227 521,500 275,050 195,000 1,210,000 219,070 157,598 210,293 98,500 519,000
@FedFRASER