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PoHn F* R. 283 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System September 11, 19Ul Released for publication Friday morning, Sept. 12; not earlier. CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 10 member bank reserve balances increased v27U#000,000. Additions to member bank reserves arose from decreases of |i252,000,000 in Treasury deposits with Federal Reserve Banks and ¿'3*000,000 in Treasury cash, and increases of )lU,000,000 in Reserve Bank credit* £11,000,000 in gold stock, and :j5i000,000 in Treasury currency, offset in part by increases of £2 ,000,000 in money in circulation and *8 ,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on September 10 were estimated to be approximately ’ -5 ,110 ,000,000, an increase of „.250,000,000 for the week Changes in member bank reserve balances and related items during the week and the year ended September 10, 19Ul* were as follows* Increase; or decrease since Sept. 10, 191+1 Sept. 3 , i%i Sept. 11 19U0 (In millions of dollars) Bills discounted U. S. Government direct obligations U. S. Government guaranteed obligations Industrial advances (not including 13 million commitments - September 10) Other Reserve Bank credit Total Reserve Bank credit Gold stock Treasury currency lember bank reserve balances Lioney in circulation Treasury cash Treasury deposits with F, R. Banks 'iJonmembor deposits and other F, R. accounts il+ +2 2,179 5 1+8 +13 2,255 + lh + 11 + 5 13,153 10,036 2,397 1+56 2,126 9 21+8 2 10 22,733 3,185 + - +271+ + 2 + 1 + 10 - ¿+38 +1,956 + 110 - 306 + 3U6 Foin F.R. 233-a Released for publication Friday morning, Septer.ber 1 194-15 not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept, 3 , Sept, 10, Sept, 11, 194-1 ASSETS Gold certificates on hand and due fron U. S. Treasury Redenption fund - F.R. notes Other cash 20 ,297,032 16,386 262,666 20 ,576 ,081+ 194-1 1940 - 2,000 + 1 ,21+0 + 26,713 + 25,953 +1,625,733 !+,989 78,151+ + 1 ,552,568 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 Total TJ. S.Government securities, direct and guaranteed 1 ,363,800 820,300 „ 2,18!+, 100 Total bills and securities Due from foreign banks F. R, notes of other banks Uncollected items Bank premises Other assets 2 ,207 ,1+06 hi 33,911 897,321 i+0 ,6i4l+ 55,195 + + 1,909 - 36,197 56 + + 3,831 • - TOTAL 23 ,815,608 - 3 ,21+2 +1,508,351+ 7,129,9U0 + 12 ,101+ + 1 ,736,016 13,158,335 1+55,691 +27l+,012 -252,771+ • + ASSETS L I A B I L I T I E S F. R. notes in actual circulation Deposits: I.leuber 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 + 13,605 9,701 + + \ •f + + l,ll!+ 7,253 8,367 1,071 — + - 1+5,200 29!+,700 — - 21+9,500 1,206 - 21+6,062 103 1,289 1,186 20 r -. 1,11+3,825 698,933 15,1+56,781+ 31+9,5Uo 6,558 23,1+1+2,822 - 8,190 + 17,207 + 30,255 + 15,949 190,1+87 666 9,922 1+37,1+89 305,995 187,288 - 1+9,11+7 •f 135,530 - 1+20,666 180,356 + 3,1+78 + - +1,1+96,135 3,310 1+29 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 Conuitnents to make industrial advances 2 ,09!+ 11,511 11+1,015 157,065 26,785 1+7,921 23,815,608 91. 1 % 12,991+ 1+5 + 23 - 3,21+2 + + - - .1% + 122 3,395 5,345 51+ 3,533 +1,508,351+ + + 1.1% !+,871 Fona F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH SEPTEMBER IO, 1941 (in thousands of dollars) ASSETS Total Boston Gold certificates on hand and due fron U.S. Treasury 20,297,032 1,151,761 Redemption fund - F.R.notes 16,386 4,883 Other cash 262,666 25,623 Total, reserves 20,576,081+ 1,182,267 Bills discounted* Secured by U. S. Gov’ t obligations, direct and guaranteed 2,094 — Other «ills discounted 11,511 — - New York Phila, Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans.Cy.Dallas San Fran, 8,1+78,311 1,295,467 1,563,791 753,079 503,063 3,368,794 546,406 352,974 492,02? 327,526 1 ,463,83 552 478 1,773 1,015 920 1,775 464 1,218 902 1,675 731 63,758 18,782 20,760 10,087 20,1+58 38,421 11,712 5,280 12,289 11,617 23,879 8,543,842 1,315,261+ 1,585,471 764,941 523,985 3,408,1+33 559,020 >58,806 504,794 339,874 1,489,387 1,61+0 10,639 8 19 12,279 27 100 1+0 140 261 — 9 20 1+4 64 161 — 24 24 377 33 56 89 25 84 109 93 6 50 15 65 125 575 700 298 154 Total bills discounted 13,605 Industrial advances 9,701 U. S. Governnent securities, direct and guaranteed* 1 ,363,800 Bonds 820,300 Notes 1,443 1,183 3,705 99,286 59,719 384,113 231,036 107,301 $4,541 141,895 74,720 57,484 85,348 44,943 34,577 166,999 100,446 38,477 66,280 53,594 23,144 39,864 32,235 107,765 64,817 Total U, S. Gov’ t securities« direct and guaranteed 2,184,100 159,005 615,149 171,842 227,21+3 119,663 92,061 267,445 105,516 61,621 106,11+4 85,829 172,582 2,207,40b l6o,448 3 1,184 84,505 2,796 3,579 175,574 5 1,518 60,274 4,856 7,327 227,644 120,483 92,286 2 2 4 2,216 12,985 2,579 109,030 79,443 38,197 4,488 2,766 1.963 2,155 5,854 3,131 267,8)46 105,605 62,222 107,059 86,827 ♦ 1 6 1 1 858 3,H4 435 3,393 2,865 127,667 54,820 25,538 40,244 34,959 2,997 2,295 1,348 2,916 1,166 6,061 2,404 1,502 2,500 2,027 172,801 1+7 628,611 18 3,619 197,714 10,262 14,132 Total bills and securities Due fron foreign banks F. R. notes of other banks Uncollected itens Bank prenises Other assets T OTAL ASSETS 38,911 897,321 1+0,61+1+ 55,195 9 811 492 99 816 4 4,145 44,930 2,791 4,523 23,015,608 1,1+34,782 9,398,198 1,564,818 1,954,707 983,751 661,167 3,816,124 727,010 1+1+9,851 660,907 465,712 1,718,581 *Less than £500, Forr. F. P.. 283-c STATEMENT OF COHDITIOII OF THE FEDERAL HESERVE BAYKS 01! SEPTEMBER 10 , 1941 (in thousands of dollar's) L I A B I L I T I S S Total F. R. notes in actual cir culation 7,129,9^0 Deposits* Llenber bank-reserve acct. 13,158,555 U.S.Treasurer-General acct■ . ¿+55,691 Foreign 1,11+5,325 Other deposits 698,933 Total deposits 15 ,1+56,781+ Deferred availability it 1 81+9 ,51+0 Other liabilities including accrued dividends 6,553 TOTAL LIABILITIES 59U* 251+ 1 ,851 ,1+1+6 ¿+98,1+20 679, ¿i36 358,095 235 ,51+8 1 ,513,129 265,591+ 180,950 236,852 113,55o 602,632 661,072 li+,991 5U ,626 7,575 6 ,111 ,711+ 95,855 14+7,21+9 585,073 798,1448 1+7,100 103 ,669 15,796 93^,13^ ¿4+9,61+9 306,21+7 1 ,955,360 326,706 172,373 3 -i-0 ,1+1j 250 ,1+00 l+9,72/'i 26,017 22,857 52,969 27,072 3li*693 27 .¿j.02 23,9'a ljit, .'+36 33,609 2l+, ^ ¿+7 32,1+39 32 ,1*89 103,067 ¿+8,175 39,210 3,259 3,71+2 6,527 2 »¿4+5 5 M 27,753 7.335 635 901,317 33,070 733,261+ 76,321+ 7,21+0,1+71 176,61+3 970,013 1,11]+, $73 530,566 375,61+9 2,123 .229 395,61+6 237,157 372,71+9 3^7,¿+63 1,01+5,799 1+2,183 105,692 78,950 36 ,201; 126 , 6?6 53,761 21,612 39,352 35,071 58,507 368 9l+l 114,015 157,065 26,785 ¿+7,921 Total 13,605 9,701 2,l3l+,100 51,7H 56,i4+7 7,070 15 ,¿+61+ 3I1D 113 38I Minn. Kans. C:;* Dallas 137 135 150 li+9 85,161 25,751 225 11,907 15,1^ ¿+o95 3,081 XL., 602 H+,323 1 , 00 , ¿¡,601 5,539 5,21+7 3,244 1,992 It,81+1 5,725 713 2,371+ 15,036 22,321+ 1 ,1+2 ; 8,370 ¿+, 362 ¿;,925 533 2,052 3,00l+ 3,152 1,000 2,5l;5 ¿*,550 5,615 1,138 2,02-5 ¿+,283 3,97!; l ,2^3 l,9-U3 11,761+ 10,785 2,121 3,022 9,598,198 1,561+,318 1,954,707 935,751 661,1$7 3,316,12U 727,010 ¿4+9,851 6-0,907 1+o 5,712 1,718,581 Within 1 5 days 8,056 2,335 — 368 Chicago St«Louis ,1+0,152 61+9,583 ¿+5’ 9,269,506 1,550,295 1,900,171+ 967,729 61+7,514 3,763,145 715 ,13s ¿■ +, 239 1 ,690,889 9,361 10,906 2,871+ 2,¿+51 25 ,815,608 l,l+3l+,782 ial 1,061 12,991+ Bills discounted Industrial advances U. S. Governnent securities, dirdct and guaranteed Phila, 5,255 Cleve. Rich. At 1 ,ant a 13ew York 25,14+2,822 1,1+09,190 71*, ™4. .wQ Capit-il paid in Surplus (Section 7) Surplus (Section 13 b) Other capital accounts TOTAL LIABILITIES AIJD CAPITAL ACCOUNTS Connitnents to nake inc advances Boston 1 ,21+0 1 ,oOO 705 71+7 1,01+9 MATURITY DISTRIBUTT0i; OF BILLS AITD 23CXI7I3S 16 to 31 to 61 to 91 days to 6 nonths 1 Year 30 days 60 days 90 days 6 ronchsto 1 Year to 2 Years 3,596 1,095 9*+G 100 2 -■ ¿+52 160 958 1,1/7 1,1+97 l,^p0 , ^ „ — — ~ 1+3,000 8l+,600 ^ ,7 0 0 517 2,081 28 602 23 2 Years t^ Over 5 Years 5 Years -, .■ ) ,-r.i j8h,0L3 l,^,o00 3* 335 Form F. R. 283-d FEDERAL K L S Z h V h NOTE ST^T3.IEST ON SEPTEMBER 10, 191+1 (In thousands of dollars) Total Federal Reserve notes; Issued to F.R.Bonk by F.R.A^ent Held by Federal Reserve Bank in actual circulation 7 ,4 / 7,636 367,696 Boston 626,¡ 4.96 32,262 Haw York Phila. Cleve. Rich, Atlanta Chicago St.Louis L'inn* Kans*Cy. Dallas San Fran« 1,954,214 516,789 705,502 382,351 258,855 1,547,697283,552 187,054 247,329 125,565 661,752 102,768 18,369 26,066 24,758 23,307 54,568 17,958 6,104 10,477 12,009 59,070 7 ,129,940 594,234 1 ,851 ,144.6 498,1+20 679,436 358,093 235,548 1 ,513,129 265,594 180,950 236,852 113,556 602,682 Collateral held by agent as se curity for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 7,643,000 635,000 1,960,000 540,000 710,000 400,000 270,000 1,580,000 299,000 189,000 250,000 131,000 ¿79,000 12,434 — 12,194 8 — — — — 33 105 94 7 ,$55,434 63:9,000 1 ,972,194 540,008 ?io,ooo 400,000 270,000 i,55o,ooo 299,033 189,105 250,094 131,000 679,000
@FedFRASER