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Form F . R . 283 S T A T E M E N T F O R THE PRESS R e l e a s e d for p u b l i c a t i o n F r i d a y m o r n i n g , September 11; not earlier. Board of G o v e r n o r s of the F e d e r a l R e s e r v e System S e p t e m b e r 1 0 , 19^2 CONDITION OF TEE F E D E R A L R E S E R V E BANKS D u r i n g the w e e k e n d e d - S e p t e m b e r 9 m e m b e r b a n k r e s e r v e balances decreased $ 1 6 , 0 0 0 , 0 0 0 . R e d u c t i o n s in m e m b e r b a n k r e s e r v e s arose, f r o m increases of $ 1 3 9 , 0 0 0 , 0 0 0 in m o n e y in c i r c u l a t i o n and $68,000,000 in T r e a s u r y deposits w i t h Federal R e s e r v e Banks and a r e d u c t i o n of $11,000,000 in gold s t o c k , o f f s e t in p a r t by increases of $ 1 6 1 , 0 0 0 , 0 0 0 in R e s e r v e Bank credit and $2,000,000 in T r e a s u r y c u r r e n c y and d e c r e a s e s of $11,000,000 in Treasury cash and $ 2 8 , 0 0 0 , 0 0 0 in n o n m e m b e r deposits and other F e d e r a l R e s e r v e a c c o u n t s . Excess reserves on S e p t e m b e r 9 w e r q e s t i m a t e d to be a p p r o x i m a t e l y $ 2 , 3 5 0 * 0 0 0 , 0 0 0 , an increase of $ 9 0 , 0 0 0 , 0 0 0 for the w e e k . The p r i n c i p a l change in h o l d i n g s of bills a n d securities w a s an increase of $1lii,000,000 in U n i t e d States G o v e r n m e n t s e c u r i t i e s , bonds increased $ 9 , 0 0 0 , 0 0 0 , n o t e s $ 2 , 0 0 0 , 0 0 0 , certificates $ 8 3 , 0 0 0 , 0 0 0 and b i l l s $ 2 0 , 0 0 0 , 0 0 0 . Changes in m e m b e r b a n k r e s e r v e balances and r e l a t e d items during the w e e k and the y e a r ended September 9> 1 9 ^ 2 , w e r e as follows: Increase or decrease since Sept. Q , I9k2 Sept. 2, 19i4.2 Sept. 10, 191+1 (in m i l l i o n s of d o l l a r s ) Bills discounted U . S . G o v e r n m e n t direct o b l i g a t i o n s U . S . Government guaranteed obligations Industrial advances (not i n c l u d i n g 1I4. m i l l i o n c o m m i t m e n t s — S e p t e m b e r 9) Other Reserve Bank credit +114 1 +1,318 15 173 - 1 +45 + Total Reserve Bank credit G o l d stock Treasury currency 3,703 22,745 3,343 +l6l -11 + 2 +1,448 M e m b e r b a n k r e s e r v e balances M o n e y in c i r c u l a t i o n Treasury cash T r e a s u r y deposits w i t h F . R . Banks N o n m e m b e r deposits and other F , R . a c c o u n t s 12,402 - 13,339 2 ,205 214 1,581 +139 -+ 756 3,353 192 - 242 - 5 45 13 3,497 + 4 5 - 16 11 + 68 - 28 + 5 125 + 1 2 + 1 5 8 Form F . R . 283c STATEMENT OF CONDITION OF THE FEDEfiaL RESERVE BANKS OK SKJfTKMHifiH y , (In thousands of dollars) L I A B I L I T I E S Total Boston New York F'.R.Aotes in actual circulation 10,328,498 '768,690 2,479,783 Deposits: • ; . - - • Member b a n k - r e s e r v e . a c c t . 1 2 , 4 0 2 , 3 7 3 ' 642,407 4 , 7 8 2 , 1 1 6 U.S.Treasurer-general a c c t . 213,769 15,733 41,122 Foreign 948,823 23,110 l A 9 Q * l 9 3 Other 341,762 3,143 1914,968 Phila. CIeve. 731,821 980,164 611,094 415,.916 2,088,186 40?,448 253,053 353,049 189,273 1,048,016 661,569 1,003,777 1,139,442 22,118 57,706 35,501 1,254,767 61,650 Rich. Atlanta. Chicago St.Louis Minn. Kans.Cy. Dallas S a n F r a n . 11,912 661 71,147 8,760 68,182 56,150 4 9 0 ^ 8 7 6 41U.716 1,833,077 '382,338 2 1 5 , 1 4 8 448,523 379,381* '12,419 9;987 • 33,291 20,323 19,201 9,603 16,349 3 2 , 6 0 9 ' 25i'939 90,416 2 2 , 2 3 3 16/304 21,492 21,492 ^,403 3;02l 4,093 1 0 , 6 9 6 7*507 5,890 2,621 Total deposits 13,906', 727 684,443 5,516,399 753,397 Deferred availability items 926,581 30,497 178,919 55,1*68 Other liabilities including accrued dividends 3,063 6*980 945 569 TOTAL LIABILITIES 2 5 , 1 6 8 , 7 8 6 1,534,199 8 , 1 7 6 , 0 4 6 1,543,71*9 CAPITAL ACCOUNTS Capital paid in 145,230 9,439 53,479 11,773 Surplus (Section 7) 157,502 10,949 56,651 15,171 Surplus (Section 13b) 26,781 2,874 7,070 4,393 0th<jr capital accounts 50,941 2,668 14,367 3,363 TOLIL LIABILITIES jvND 2 5 , 5 4 9 , 2 4 0 1 , 5 6 0 , 1 2 9 8 , 3 0 7 , 6 1 3 1,578,449 CAPITAL ACCOUNTS l,*28,-770 • 103,919 554,307 453*663 1 , 9 6 0 , 8 7 7 436,090 2 5 8 , 1 6 0 4 8 5 , 5 0 8 4 2 0 , 3 4 6 1 4 6 , 6 1 2 51,152 2 5 , 2 . 1 5 5 3 , 7 3 0 38*917 86,994 43,508 Commitments to m a k e industrial advances F.R.notes outstanding collateral for F . R . notes held b y F.R.Agents: Gold certificates Eligible paper 14,079 750- 351 193 440 259 360 141 143 237 387 2 , 2 1 3 , 2 4 0 1 , 2 5 2 , 7 5 5 9 1 3 , 3 2 4 4 , 1 9 6 , 1 1 5 8 9 6 , 8 3 1 536,571 892,51*6 6 4 3 , 7 3 4 2,364,676 4,447 3,976 1,263 2,023 11,993 10,792 2,121 3,161. 2 , 2 4 8 , 4 2 7 1 , 2 6 9 , 1 8 5 927,403 4,245,283 908,944 51*6,452 9 0 4 , 1 6 9 660,443 2,392,743 14,345 14,346 1,007 4,989 1,465 5,836 5,236 3,244 2,114 5*152 5,725 713 2,489 1,215 626 142 15,997 22,925 1,1*29 8,817 332 4,512 4,966 530 2,105 3,065 3,152 1,000 2,664 1,013 — 4,692 3,613 1,137 2,181 2,107 — 6,073 10,735,925 303,724 2,580,569 757,262 1,007,702 . 6 3 6 , 7 2 5 443,223 2,126,636 433,322 2 5 8 , 4 1 8 365,300 2 0 8 , 2 2 3 1,114,731 1 0 , 8 3 3 , 0 0 0 815,000 2 , 5 3 5 , 0 0 0 9,630 6008,295 765,000 1 , 0 1 0 , 0 0 0 310 650,000 450,000 2 , 1 4 0 , 0 0 0 440,oco 260,000 370,000 2 1 4 , 0 0 0 350 30 45 1,134,000 Total Bills discounted 13,351 Industrial advances 14,532 U.S. Government s e c u r i t i e s , 3,502,215 direct and guaranteed Within 15 days ' 11,568 8,861 147,214 M A T U R I T Y DISTRIBUTION OF BILLS AND SECURITIES 16 to 31 t o 61 t o 9 1 days to 6 months 6 months t o 1 year 30 days 6 0 days ' 9 0 days 1,520 156 105 1,520 z 1,333 144 692 1,544 364 200,097 530,483 107,381 201,107 .1/ After deducting C449,644,000 participations of other Federal Reserve B a n k s . 243 144,390 1 to 2 years 2 to 5 years 70 5 804 263,175 395,030 Over 5 years 1,507,753 Form P . R . 233a Released for publication Friday m o r n i n g , September 1 1 , 1942; n o t earlier STATEMENT FOR THE PRESS OF THE TWELVE FEDERAL RESERVE B A M S COMBINED (In thousands of dollars) Increase or decrease since Sept. 9 , Sept. 2, Sept. 10, 19-U2 1942 1941 A S S E T S Gold certificates on hand and due from U . S . Treasury Redemption f u n d — F . R . notes Other cash 20,561,127 13,241 215,074 + 140 -13,042 Total reserves 20,789,442 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 Certificates Bills TOTAL ASSETS - -13,900 + 213,358 10,235 3,116 + 3.630 + 325 + - 8,234 8,488 13,351 + 3,955 • 254 14,532 - + 1,826 - +83,007' +20,324' 4,831 308,753 90,195 423,980 675,577 3,502,215 +113,881 + 1,318,115 3,530,098 +116,010 + 47 32,805 1,099,595 40,312 , 998 + 8,550 + 2,000 675,577 Total bills and securities + 264,095 3,145 47,592 1,672,553 730,105 423,980 Total U . S . Government securities, direct and guaranteed Due from foreign banks F . R . notes of other banks Uncollected items Bank promises Other assets - 56,941 - - — 4,314 + 23,246 - + - - - + 1,322,692 4,204 + 6,106 202,274 332 1,746 25,549,240 +133,874 1,733,632 F . R . notes in actual circulation Deposits: Member bank—-reserve account U , S . T r e a s u r e r — g e n e r a l account Foreign Other 10,328,498 +127,275 +3,198,558 12,402,373 - 213,769 - 15,247 + 67,506 - 11,929 15,033 - 195,002 341,762. - 357,171 Total deposits 13,906,727 + 25,297 - 1,550,057 926,581 - 22,070 + 77 , o 4 i 6,980 + 3,222 + 422 L I A B I L I T I E S Deferred availability items Other liabilities includihg 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 (Scction 13b) Other capital accounts TOTAL LIABILITIES AND C O I T A L ACCOUNTS Ratio of total reserves to deposit and F . R . note liabilities combined Commitments to make industrial advances 948,823 25,168,786 145,230 + 49 + + 101 + - - 26,781 25,549,240 - + .6% 14,079 + 1,026 4,215 437 4 3,020 1,733,632 +133,87!; 85.8^ 755,962 241,922 1,725,964 +133,724 157,502 50,941 - - 5-3% + 1,084 Form F . R . 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 9 , 1942 (In thousands of .dollars) A S S E T S Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Kinn. Kans.Cy. Dallas San Fran. Gold certificates oil hand and due from U.S* Treasury 20,5.61,127 1,184,392 7,007,842 1,220,859 1,770,658 Redemption f u n d — P ^ R . n o t e s 13,2Ul 2,224 1,356 1,135 343 Other cash 19,622 14,670 11,677 215,071+ 54,173 937,320 699,258 3,598,131 661,486 409,615 666,125 466,286 1,939,155 620 560 73 660 324 1,304 3.277 1,365 6,170 9,458 10,060 34,598 11,591 20,658 10,759 11,638 Total reserves 949,444 711,220 3,634,033 673,637 415,858 676,243 476,966 1 ,963,090 2 0 , 7 8 9 ^ 1 , 2 0 6 , 2 3 * 7 , 0 6 3 , 1 5 0 1,232,879 1,786,684 Bills discounted: Secured by U»S,Gov*t obligations, direct ana guaranteed 600 310 7,770 50 10,235 Other bills discounted 1,588 24o 3,116 249 Total bills*discounted 600 9,358 550 299 13.351 Industrial advances U.S.Government securities direct and .guaranteed: Bonds Itfotes Certificates Bills li+,532 Due from foreign banks F . R . notes of other banks Uncollected items Bank Premises Other assets TOTAL ASSETS — 88 88 120 55 55 350 72 422 1,080 144 1,224 45 — 305 „ 305 J5 — 190 190 472 621 5,226 623 82 9 814 197 14 440 1,115 138 4.043 119,057 51,970 30,180 48,090 466,122 203,471 118,159 188,276 124,515 54,352 31,564 50,294 156,235 68,203 39,604 63,106 100,999 44,091 25,602 40,795 72,296 31,558 18,327 29,202 213,441 93,171 54,106 86,213 83,101 36,274 21,065 33,566 45,049 19.664 11,419 18,196 74.024 32,314 18,765 29,900 64,709 28,248 164+03 26,137- 153.005 66,789 38,786 61,802 94,328 155,003 135.497 320,382 y 1,672,553 730,105 423,980 675,577 Total U # S.Gov't securities, direct and guaranteed 3,502,215 . Total bills and securities 30 110 140 3,530,093 47 32,805 1,099,595 * 40,312 q6,94i 25,549,240 - 249,297 976,028 260,725 327,148 211,487 151,383 446,931; 174,006 250,369 986,007 166,501 328,070 2 1 2 , 4 5 6 -152,285 447,433 L74,i4o . 94.823 156,540 136,859. 324,615 : l * 1 1 1 / 18 2 2 6 4 4 5 3 1,546 IT,908 1,500 3,506' 2,984 1,372 3,639 756 1,233 3,356 3,664 4,336 228,860 122,o45 92,604 97,438 55,988. 150,542 53,517- .31,530 62,466 41,395 66,257 96,453 10,360 3,068 2,740 1,083 2,716 2,940 1 , 3 1 9 ' 2,825 1,950 4,823 4,364 2,124 5,76o . 6,746 1,550 2,455 5,378 . 3,570. . 14,310 6,823 3,421 2,294 2,541 2,0931 , 5 6 0 , 1 2 9 8 , 3 0 7 , 6 1 3 1,578,449 2 , 2 4 8 , 4 2 7 1 , 2 6 9 , 1 8 5 927,403 4 , 2 4 5 , 2 8 3 908,944 546 ^ 5 2 " 904,16'9 660,443 2,392,743 •Less than $500. 1/After deducting 329,000 participations of other Federal Reserve Banks
@FedFRASER