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Form F. R* 233 STATEMENT Released fo r p u b lica tio n Friday;morning, Sept, 17; not e a r lie r . FOR THE PRESS Board o f Governors o f-th e Federal Reserve System 'September 16, 19^3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September.15 meniber tank'reserve balances increased $370,000,000* Additions to member bank reserves arose from an increase of $573*000,000 in Reserves Bank credit and $3,000,000 in Treasury currency, offset in part by increases of $13l*,000,:000 in nonmember deposits and other Federal Reserve accounts, $33*000,000 in money in circulation and £11,000,000 in Treasury cash and a decrease of $19,000,000 in gold stock. Excess reserves of member banks on September 15 were estimated to be approximately $2,050,000,000, an increase of $63.0,000,000 for the week. There was an increase.of $317»000;000. in holdings of United States Govern ment securities which inc ..uded a special' series certificate of indebtedness in the amount of $1*21*, 000,000 issued to the Federal Reserve Banks. Certificates increased $1*93,000,000 v/hile b ills decreased $11*9,000,000 and notes.$ 32 , 000, 000. Changes.in member bank reserve balances and related-items during the week and the year ended September 15,. 191*3» were as follows: Increase or decrease since Sept, 15, 19^3 Sept*' 3, I9I3 Sept. 16, 19U2 ’ ('In millions of dollars) ¿ i l l s discounted' U. S. Government, direct,obligations U. S, GoVern}n<Sn.t. guaranteed-obligations. Industrial advances (not including 12 million commitments - September 15) Other Reserve Bank credit 31 9,620 33 317 '+ 21 +6,052 + 28 11 620 1 + 296 h + 361 ho Total Reserve Bank credit Gold stock Treasury currency * 10,315 22,201* U,093 '+ + 573 19 •3 +6,1*50 - 5k3 + Ihl Moiflber bap.k reserve balances Money in circulation. Treasury cash.’ Treasury deposits M th F. R, Banks Noamembcr deposits- and other F. R. accounts 13,729 18,773 2,266 6 1,037 + + + 373 33 11 + 969 ♦5,333 + 60 134 + 299 STATEMENT OF CONDITI® OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 15, 191*3 (In thousands tof d o lla r s ) ’ : • L I l B - I L I T I ES Total Boston New York Phila. Clevej. Rich» Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. jnotes in actual c i r , , ’ culatioiî 15,165,268 1 , 068,127 3,33**,21*7 1053,721 1,371^525 997,870 817,750 2 , 906,919 636,868 356,128 51*6^991* 365,277 1,706,81*2 Deposits* ! J iiôrabür bank-reserve a c c t.13, 7 2 9 ^ 9 770,257 1*, 593,116 757,760 1,081*, 1*13 615, 6^6 515,59l* 2,120,51*6 1*1*1*,753 291,891 603,526 507,563 l,i*2l*, 17U U.S. Treasurer-general a cct. 6,386 1,298 622 267 556 5^6 l68 869 571 121 399 506 h33 foreign 1 , 196,515 29,31*1* 3/ 552,191 101,866 98,650 1*6,108 37,530 130,818 32,168 23*590 30,021* 32,168 81,558 ; 303,918 ,13,591 11*1*,731 9,536 36,097 17,129 6,596 6 ,12 1 15,601 8,526 . l*,32l* 1*,729 36.937 Total deposits 811*,990 5, 290,660 8 £9 ,1*29 1,219,716 679,1*09 559,838 2,258,35** 1*93,093 321*, 128 638',273 51*1*,966 1,51*3,102 15,236,068 Deferred a v a ila b ilit y items 1,751,178 281*, 292 95,386 80,1*89 183,536 161,91*8 115,683 305,81*5 21*3,330 98,565 58,51*8 85,579 37,977 Other l i a b i l i t i e s including accrued dividends 1,1*00 2,500 27« 2 q6 2J8 163 1*52 131 386 533 591 633 7,539 TOTAL LIABILITIES 32,160,053 2, 000,200 8, 933,252 2019,069 2, 778,229 1839,563 11*58,333 5,450,156 1215,758 718,396 1281*,1*65 968,972 3, 1*93,660 Capital paid in 16,602 6,038 5,336 15,1*50 11*9,267 55,083 l*,65l* 1*,538 ‘ 12,203 11,707 3,189 1*,‘Q73 9 . 51*1* Surplus (S ection 7) 22,925 3,221 1*,966 58,001 5,236 15,670 11,01*1* ll+, 767 11,160 1*,083 3,613 5,725 160, 1*11 Surplus (S ection 13b) 2,121 7,070 3,21*1* 1,000 26,829 530 1,007 717 1,1*29 1 ,13 7 1,307 2,871* 1*, 393 i^ther ca p ita l accounts ll*, 023 l*,0l*8 3,808 26,568 3,1*81 6, £97 l*,i*78 8, 691* 6,71*1* 1*,035 1*,079 5,699 92,351* TOTAL LIABILITIES AND CAPITAL ACCOUNTS 32,588,911* 2, 029, 1*77 9,079,971* 2057,536 2,818,11*7 1858,559 ll*7l*,l96 5,505,135 1229,956 729, 6li* 1298,167 982,381 3, 525,772 ' Commitments t o make in d u stria l advances — — 3,216 3,000 852 1,598 1,609 11,611* 708 587 35 9 Form F. ft. 283c 1 * CVJ vO F.R.notes outstanding 15,726,897 1,117,1*13 3,1*57,251 1077,218 1,1*16,502 1029,81*2 860,900 2 , 970,029 3^2,968 565,1*1*6 397,1*28 1,799,1*58 C ollateral fo r F.R.notes held by F.R.Agents: Gold c e r t ific a t e s 31*8,000 570,000 1*03,000 1,821*, 000 996,000 2,160,000 880,000 1,1*20,000 922,000 770,000 2 , 990,000 13,683,000 “ — E lig ib le paper — — 9,600 30 1,660 6OO 12,866 29,706 1*,950 m m m m —— 286,625 U,S.Gov*t s e cu ritie s 20,000 — 2, 151,625 125,000 100,000 120,000 1,300,000 200,000 MATURITY DISTRIBUTION OF BILLS AND SECURITIES O O O * O O -Ct ------- Total B ills discounted 30,713 Industrial advances 11,1+03 II. o. Government securities, d ire ct and guaranteed 9,653,377 Within 15 days 16 to 30 days 31 "to 60 days 6 l to . 90 days 23,885 10,019 5,370 33 1*32 35 1,026 35 1,661*,038 1,261*,273 2,107,114; 1 , 919, 221* 91 days to 6 months 6 months to 1 year l / A fte r deducting $£¿*'1,266,000 p a r tic ip a tio n s o f other Federal 2 to $ years Over 5 yoars 7- — 656 186,700 1 to 2 .years 213 688,750 211,1*00 29I 121 698,671 Reserve Banks. 913,177 Form F. R, 283a Released fo r pu blication Friday morning, September 17»l9l*3»n° t e a r lie r. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS. COMBINED ( In .thousands of .dollars) Increase or decrease • since Sept, 15, 19U3 Sept, 8, 19^3 Sept, 16, 19U2 ASSETS Gold certificates on hand and due from U, S.Treasury Redemption fund - F. R. notes Other cash Total reserves Bills discounted» Secured by U.S. Gov’ t obligations, direct £ind guaranteed Other b ills discounted Total b ills discounted Industrial advances U. S. Government securities. direct and guaranteed* -Bonds Notes . Certificates Bills Total U. S, Government securities, direct and guaranteed Total, b ills and securities Due from foreign banks F, R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 19.913,715 129,095 319* $05 20,362,1*15 30,563 50 30,7.13 11,1*03 •: ♦ ♦ - • 39,000 11*.352 12,293 12,355 39.936 — - 39.936 223 - 61*8,910 + 113,686 .♦ 93.1*37 - 1*1*1,787 + + 22,783 2,513 20,270 3.1*32 1,529,01*8 691,900 1,729,150 5,703,279 - 3i,5QO +1*97 , 600. -11*3,91*3 - 161,91*7 + 21,585 ♦1,093,391* ♦5,132,391* 9.653,377 ♦317,152 +6,080,1*26 9.695,1*93 127 60,1*97 2,370,820 30,51*5 61,017 ♦276,993 ♦6, 097, 261* ♦ 5,368 ♦91*6,673 + 1 - 6,055 + 80 .+ 25,31*7 ♦ 751*. 71*0 1,763 + 15.762 32,588,911* +1,209,825 +6,1*1*9.633 mm m •m LI ABI L I T I ES F. R. notes in actual circulation 15 , 165,268 ♦ • 51*, 130 Deposits* Member bank-reserve account 13.729,21*9 ♦ 377,7é9 U.S.Traasurer-genoral account 6,336 + •163 Foreign ♦ 36,1*78 1,196,515 Other 303,918 . + 89,610 Total deposits + 50|*,025 15,236,068 Deferred availability items - 1,751.173 ♦ 650; 533' Other lia b ilitie s including accrued dividends + 730 7,539 TOTAL LIABILITIES +1 , 209, 1*68 1 32,160,053 C A P I T A, L •AC -C 0 U N T S Capital paid in + 96 11*9,267 Surplus ( Section 7) 160,1*11 Surplus (Section 13b) 26,329 Other capital accounts .+ 261 ' ......... 92,351* TOTaL LIABILITIES AND CAPITaL ACCOUNTS -32,580,911* +1,209,325 Ratio of total reserves to deposit and F,R, noto lia b ilitie s combined ,67.0fo - , l r 3% Commitments to make industrial advances 11,611* ■ 151* '' r — +1*, 773,11*5 + 9C9.710 ♦ 5 . + 221*. 1*02 ♦ 36,075 ♦1 , 230,992 + 393,793 + 3,366 +6, 1*01,296 + 1*,000 ♦ 2,909 + 1*3 ♦ : 1*1,335 +6, 1*1*9,630 - 18.3% *• 2,192 Form F. R* 883^ STATEMENT QF CONDITION OF THE J’EDERAJj RESERVE BANKS OK SEPTEMBER 1 5 , I 9U3 (In thousands 'of. d o lla r s ) ASSETS Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Rich.' Atlaiita Phila. Cleve. Total Boston New York Gold certificates on hand and. due from U.S.Treasury 19,913,715 1278,908 4,197,522 1248,153 1 , 829, 98! 1260,180 1005,528 3,951,830 711,467 461,821 913.735 641,603 2,412,987 Redemption ; fund - F.R.ftotes129,095 ' 7,816 . 20,260 68,227 1,114 724 11x198 . .1 ,3 5 4 ; 7,057 5.974 1,443 .- 693 •73,235 78,252 16,480. 8,342 . 38,138 •25,268 40,816 *15,942 9,526 ■ ■ 20,386 Other cash. 319,605 . 29,884 .il-,573 24,998 Total reserves * . 20,362,415 1316 / 6O8 4,344,00,1 1284,349 1,8^1,72l Bills discounted* Secured by U.S^ Gov» t dbligations^ •direct* and -guaranteed . 30,663 12,866: 6OO. . 615 -4,950. — Other b ills disoounted ’ 50 ■. " " f 50 — M Total b ills discounted 30.713 12,866 6OO 665 4,950 529 Industrial advances 11,403 4,623 152 1,460 U; St Government securities. direct find guaranteed* 279,308 126,332 Bonds 1,529,048 122,747 177,429 126,388 Notes 691,900 57,165 80,287 55,544 Certificates 1 , 729,150 133.808 200,650 315,858 142,864 194,714 S ills 5,703,279 151,311 3,506,792 304,233 1292,505 1027,982 3,994,089 . 743.300 471,277 ! 1,660 " *— - — ■• -1,660 — ! 200 . — : 9,600 % 30 930,370 651,853 2,454,360 127 — — -- — !5 M Total U»Si Gov* t securities. direot- and guaranteed <3r6^3,. 377 TOTAL ASSETS 630,594 127 60,497 370,820 30^1^5 ■ qj j 474,320 4,241,364 635,817. 1 / 46 3 5,690 1,838 229,340 :•466,228 9.676 2,684 H ì 969 * 4,184 13 2,509 125,840 4,66o 4,348 32,583,9142029,477'9,079,974 : 653,000 224 98,329 44,720 111,764 115,620 88,141 39,384 99,672 103,032 ■ 370,933 208,802 94,484 236,129 590,017 51,451 23,232 58,185 228,302 30 127 — 43 30 . '.'18 15 : 4,000 51,634 23,365 58,393 63,646 7;5, 316 34,081 35,172 65,509 76,09.0 34,43! 86^049 75,740 172,969 •'78,269 195.606 .306,363 •i 330,729 1,129,432 .. • Total b ills and securities Due from foyeign banks FvR.notes o f other-bai^ks uncollected items 3ank premis-es. Jther;as sets 468,410 4,228,346 320 200 • 9,600 — 4 361,220 197,038 260,078 270,310 753,207 370,820 197,111 2 3 2,134 :5,033 106/468 55,720 1,290 <2,08.1 2,080 2,251 260,108 270,455 757,222 ** 6511,274. 372,913; 330, 9 5 3 1 . 129,636 6. • - 5'7 ; • - 17 13 6,216 .5,607 2,787 8,433 297,554 180,726 io4,Ò87‘ •361,770 1,668 -, 2 ¿879 2,966 4,251 3v836 - 3,285. ’ 8,311 7,547 4 5,609 96,305 2,755 3,016 4 2,890 52,663 994 3,522 11 10,751 294,119 2,.641 6,668 2057,536. 2,818,147 1858,559 li*74, 196 5,505,135 1229,956 729,614 1298,167 982,381 3,525,772 l/ After deducting $81,000 participations of other Federal Reserve Banks.