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Form F. R . 283 'STATEMENT FOR THE, PRESS Released for publication F r i d a y morning, October 9; not earlier* Board of Governors of the Federal Reserve System October 8 , 191+2 CONDITION OF THE FEDERAL RESERVE BANKS During the w e e k ended October 7 member b a n k reserve balances increased $209,000,000# Additions to member bank reserves arose from decreases of $268,000^.000 in Treasury deposits with Federal Reserve Banks and $66,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $10,000,000 in Reserve Bank credit and $2,000,000 each in gold stock and Treasury currency, offset in part b y increases of $122,000,000„in m o n e y in circulation and $17,000,000 in Treasury cash. Excess reserves on October 7 were estimated to be approximately $2,290,000,00.0,. an increase of $600,000,000 Jor the week. The principal change in holdings of bills and securities was an increase of $25,000,000 in United States Government securities. Bonds increased $17,000,000, notes $6U,000,000 arid certificates $68,000,000, while bills decreased $12^,000,000. Changes in member bank reserve balances and related items during the week and the year ended October 7, 19i|2, were as followsx Increase or decrease since Oct. 7, 19U2 Sept. 3 0 , 19^2 Oct. 8 , 19U1 (In millions of dollars) Bills discounted U . S.Government direct Obligations U . S . Government guaranteed obligations Industrial advances (not including 11 million commitments - October 7). Other Reserve Bank credit 8 + 25 3 +l,i|08 169 -15 + + Total Reserve Bank erodit Gold stock Treasury currency .3,734 22,756 3,356 + 10 + 2 + 2 +1,519 16 + 153 i&ember bank reserve balances M o n e y in circulation Treasury cash Treasury deposits w i t h F . R.Banks Nonmember deposits and other F.R. accounts 11,801 13,830 +209 +122 -1,489 +3,593 2,235 393 1,637 + 17 -268 - 66 + - 3,587 5 15 6 108 6 89 531 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 7 , 1 9 4 2 (In thousands of dollars) Boston New York Phila. Cleve. R i c h . A t l a n t a Chicago St.Louis M i n n . K a n s . C y . Dallas Form F . R . 283c Total L I A B I L I T I E S F . R . notes in actual circulation 10,790,168 757,926 1,011,711 677,062 454,783 791,770 2,544,719 Deposits: L'lember bank-reserve a c c t . 11,000,904 618,542 4 , 4 2 0 , 6 4 6 624,190 971,424 402,743 4 1 2 , 2 0 0 U.S.Treasurer-general a c c t . 393,4-09 30,130 101,826 10,683 30,755 15,084 1 8 , 0 6 5 Foreign 927,940 60,000 66,018 31,574 2 5 , 1 1 5 2 3 , 8 7 4 1/491,027 Other 413,897 3,300 267,713 8,099 56,178 9,717 3,088 Total deposits 13,536,150 675,346 5,281,212 539,118 458,468 719,873 1,124,375 Deferred availability items 957,411 85,837 39,794 94,3?6 194,134 59,977 112,908 Other liabilities including accrued dividends 574 329 434 379 1,123 259 4,769 TOTAL LIABILITIES 25,296,498 1,562,594 3,021,188 1,538,105 2 , 2 4 9 , 4 2 8 1,302,396 953,309 CAPITAL ACCOUNTS Capital paid in 145,290 9,440 53,490 11,756 14,845 5,839 5,152 Surplus (Section 7) 10,949 157,502 56,651 15,171 14,346 5,236 5,725 2,874 Surplus (Section 13b) 26,781 7,070 4,393 1,007 3,244 713 2,658 Other capital -.accounta 14,502 3,379 4,981 2,113 2,500 51,105 TOTaL LIABILITIES A N D C A P I T A L ACCOUNTS 2 5 , 6 7 7 , 1 7 6 1 ^ 5 8 8 , 5 1 5 3 , 1 5 2 , 9 0 1 1 , 5 7 2 , 8 0 4 2 , 2 3 4 , 6 0 7 1,318,828 967,399 Commitments to make industrial advances 1,601 545 1,200 142 11,077 113 347 F . R . notes outstanding Collateral for F.R.notes held b y F.R.Agents: Gold certificates Eligible paper San F r a n . 2,165,475 443,025 2 6 5 , 5 3 1 372,761 209,061 1,103,531 1 , 7 0 0 , 1 4 3 412,745 2 3 7 , 2 9 7 444,694 331,997 1 , 0 9 4 , 2 7 5 66,562 2 2 , 7 5 9 2 8 , 0 0 2 16,179 11,918 33,431 07,545 2 1 , 5 2 7 15,787 20,010 2 0 , 3 1 0 54,965 2 , 5 5 8 12,839 7,529 2,317 3,363 37,196 1 , 8 5 6 , 8 0 8 469,880 2 8 8 , 6 1 5 484,000 418,088 1 , 2 1 9 , 8 6 7 i4o,4l5 51,070 526 208 16,019 22,925 1,429 8,847 4,531 4,966 530 2,06? h} 23,963 51,483 4o„575 62,859 295 302 189 151 5 7 8 , 2 6 0 9 0 8 , 5 4 6 667,913 2,386',552 3,077 3,152 1,000 2;66o 4,699 3,613 1,137 2,192 11,996 10,792 2,121 3,172 4,446 3,976 1,263 2,032 4 , 2 1 2 , 4 4 4 977,079 588,149 9 2 0 , 1 8 7 679,630 2 , 4 1 4 , 6 3 3 281 1,279 — 1,087 4,482 — 11,267,079 837,633 2,654,711 784,331 1 , 0 4 5 , 8 9 8 7 0 1 , 6 3 0 4 9 2 , 5 6 9 2 , 2 1 1 , 1 5 6 47l,o4o 2 7 1 , 0 2 4 3 8 6 , 3 2 9 2 3 1 , 1 3 5 1,179,123 11,429,500 049,000 2,680,000 3,610 800,000 1 , 0 5 0 , 0 0 0 50 725,000 510,000 2 , 2 3 0 , 0 0 0 430,000 2 7 5 , 0 0 0 390,000 2 3 6 , 5 0 0 10 45 1,204,000 3,715 MATURITY DISTRIBUTION OF BILLS ^ND SECURITIES Total Bills discounted 7,959 Industrial advances 15,319 U.S. Government securities, d i r e c t and guaranteed 3,591,675 within 15 days 16 to 30 days 3 1 to 60 days 61 t o Q Q days 2,127 3,764 8,869 136 362 1,559 295 99,487 466,982 69,911 9 1 days to 6 months 6 months to 1 yoar 2,500 105,208. 1 to 2 years 2 to 5 years 819 1,117 1,006 724 220,717 338,489 295,575 519,727 l / After deducting $436,402,000 participations of other Federal Reserve B a n k s . Over 5 years 1,475,579 Form F . B . 23Ja .Released f o r p u b l i c a t i o n F r i d a y m o r n i n g , October 9 , 19)42$ n o t earlier S T A T E M E N T OF CONDITION OF THE TWELVE F E D E R A L R E S E R V E BANKS C O M B I N E D (In thousands of d o l l a r s ) Increase or decrease since Oct. 7, 1942 A S S E T S Gold c e r t i f i c a t e s on hand and due f r o m U . S . TreasuryR e d e m p t i o n fund - F . R . notes Other cash Total reserves 20,561,627 11,573 236,421 Oct. 8, 1941 Sept. 30, 1942 + + 1 2,754 3,947 60,597 2,432 6,970 20,809,626 + 1,192 + 51,195 Bills d i s c o u n t e d : Secured b y U . S . G o v ' t o b l i g a t i o n s , d i r e c t and guaranteed Other b i l l s d i s c o u n t e d 3,950 4,009 + 264 9 + Total M i l s 7,959 + + 255 89 2,359 5,371 3,012 + 6,232 369,920 65,939 572,026 531,865 discounted Industrial advances U . S. Government securities, d i r e c t and guaranteed: Bonds Notes Certificates Bills 1,733,720 754,361 572,026 • 531,865 + 16,985 + 64,446 + 68,181 -124,931 + + + Total U . S.Government securities, d i r . c t and guaranteed 3,501,972 + 24,681 +1,407,372 T o t a l b i l l s and 3,615,250 + 25,025 +1,411,092 15,319 securities Due f r o m foreign banks F . R . n o t e s of othjr b a n k s U n c o l l e c t e d items Bank premises Other assets TOT.iL A S S E T S — 47 35,774 1,126,067 40,230 50,132 + 4,275 -108,332 6 + 866 + 25,677,176 - 76,980 +1,693,395 «• + 2,943 229,337 . 524 5,238 L I A B I L I T I E S F . R . notes in a c t u a l c i r c u l a t i o n Deposits; Member bank-reserve account U.3.Treasurer-general account Foreign Othc.r Total deposits D e f e r r e d a v a i l a b i l i t y items Other liabilities including accrued dividends T0T.iL L L i B I L I T I E S TOTaL LL>3ILITIES AND CAPITAL ACCOUNTS R a t i o of t o t a l reserves to d e p o s i t and F . R . note liabilities c o m b i n e d +139,356 +3,498,663 11,800,004 393,409 '927,040 413,397 13,536,150 +208,687 -267,326 -.18,794 - 46,558 -123,991 -1,439,544 + 89,336 - 237,224 - 297,504 -1,934,836 957,411 - 93,139 + 121,311 + + 462 4,769 C P I I L A C C O U N T S C a p i t a l paid in S u r p l u s (Section 7) S u r p l u s (Section ljb) Other c a p i t a l accounts C o m m i t m e n t s to make industrial 10,793,168 advances 326 25,296,49s - 76,948 +1,685,550 145,290 157,502 26,781 51,105 25,677,176 + + + 38 - 76,980 .1% 35.^ 11,077 6 - - - 1,110 4,135 437 4 + 3,277 +1,693,395 5.7% 2 , 596 Form ?. A. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE B A M S ON AUGUST 12, • 1942 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis M i n n . K a n s . C y . Dallas San F r a n . Gold certificates on hand and due from U.S.Treasury 20,561,627 1,184,787 6,888,385 1 , 2 1 2 , 7 6 9 1,821,944 Redemption fund-F.R.notes 11,578 1,962 1,007 1,002 J 1,074 Other cash 236,421 23,312 46,784 11,896 18,244 956,461 753,992 3,508,342 717,549 4 5 7 , 6 0 4 680,833 473,064 1 , 9 2 5 , 3 9 7 1,485 134 984 470 328 583 551 1,998 13,071 12,934 34,665 1 4 , 5 1 9 7,390 1 0 , 0 8 1 12,182 31,343 2 0 , 8 0 9 , 6 2 6 l,2io,o6l 6,936,176 1 , 2 2 5 , 6 6 7 1,841,262 971,017 747,060 3,543,991 732.538 465,322 691,497 4 8 5 , 7 9 7 1,959,238 Total reserves Bills discounted: direct and guaranteed Other bills discounted Total bills discounted 3,950 4,009 — 7,959 — - . Industrial advances 46o 15,319 U . 3 # Government securities, direct and guaranteed? Bonds 1,733,720 128,931 Notes . 56,098 754,361 Certificates 572,026 42,540 Bills 34,010 531,865 Total U . b. Gov't securities, direct and guaranteed 3,591,972 ' 261,587 ' Total bills and securities 176 140 488 45 120 10 38 176 140 488 165 693 778 821 170 131,241 57,104 43,302 31,6?6 152,668 66,420 50,371 36,704 117,393 80,668 217,256 94,532 71,682 945,380 263,343 306,172 239,458 161*250 490,320 177,571 269,000 307,283 240,412 162,211 '490,986 1 7 7 , 7 9 8 3,610 1,700 50 384 50 368 5,310 434 418 621 5,223 455,265 198,091 150,211 141,013 3,615,250 262,047 951,311 Due from foreign b a n k s 47 F . F . notes of other b a n k s 35,774 Uncollected items 1,126,067 Bank premises 40,230 Other assots 50,182 3 970 109,265 2,736 3,425 1/10 3,903 233,502 10,342 12^ 649 TOTAL ASSETS •5 1,736 67,327 4,012 3,707 • 4 1,393 124,607 4,354 5,119 — — — 51,031 35,101 38,733 2 6 , 6 1 6 32,251 :13,365 2 '4,632 96,I69 3,062 3,484 2 4,247 49,719 1,^47 2,213 •114,353 6 4,606 155,059 2,934 6,062 125 185 116 304 98 125 301 304 62 382 1,935 134 4,040 32,135 35,733 27,100 44,612 19.410 14,719 10,433 79;635 34,649 26,275 19,536 69.486 30,233 22,926 16,250 174,430 75,095 57,551 42,793 32,593 1 2,736 59,562 2,122 2,272 — 39,174 160,145 130,095. 350,669 89,654 1 6 2 , 2 0 5 1 3 9 , 3 3 0 355.013 * 1,301 29,073 1,317 l,4o2 1 3,163 56,112 2,819 2,305 1' . 1,116' 50,294 1,075 2-, 017 4 5,223 86,990 2,710 5.447 2 5 , 6 7 7 , 1 7 6 1,538,515 8 , 1 5 2 , 9 0 1 1 , 5 7 2 , 8 0 4 2,234,607-1,318,823 967,399 4,212,-444 777,079 533,149 920,137 679,630 2,414,633 *Less than $500. l / After deducting $29,0~X3 participations of other Federal Reserve B a n k s .
@FedFRASER