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Form F . R . 283 STATEMENT FOR THE PRESS Released for publication F r i d a y morning, September 13; not earlier. Board of Governors of the Federal Reserve System September 17, 19^2 CONDITION OF THS FEDERAL RESERVE B ^ K S During"the.week ended September 16 member b a n k reserve balances increased $358,000,000. Additions to member b a n k reserves arose from increases of $151*,000,000 in Reserve Bank credit, .$2,000,000 in gold stock and $3,000,000 in Treasury currency and decreases of $208,000,000 in Treasury deposits w i t h Federal Reserve Banks and $1*3,000,000 in nonmembefr 'deposits and other Federal Reserve accounts, offs'et *in« part : b y an increase of $51,000,000 in m o n e y in circulation. Excess reserves on September 16 were * estimated to-be approximately $3,01*0,000,000, an increase of $690,000,000 for the v/eek. V The principal change in holdings of bills and'securities was an increase of $71,000,000" in United States Government securities. Bonds increased $13,000,000 and certificates- $207,000,000 arid'notes "decreased $60,000,000 and bills $94,000,000. Changes in member bank reserve balances and related items during the v/eek and the year ended September 16, 1942, were as follows: Increase or decrease since Sept. 16, 1942 Sept. 9 , 1942 Sept. 17, 1941 (In millions of dollars) Bills discounted 10 U . S . Government direct obligations 3,568 U . S . Government guaranteed obligations 5 .Industrial advances (not including 14 million cqmmitments - September 16) 15 Other Reservs Bank credit 259 - 3 + 71 + 6 + : 36 + 1U7 Total Reserve Bank credit Gold stock T r e a s u r y currency 3,357 22,747 5,346 + 154 +1,541 + 2 + 3 + + Member bank reserve tralanco'B ivloney in circulation Treasury cash Treasury, deposits w i t h F , R . Banks Nonmeiaber deposits arid other -F.R. accounts lf!,7o0 "13,440 2,206 6 1,533. + 358+ 51 + l - 208 - 43 1 +1,539 6 153 - 563 +3,594 - 202 - 523 - 591 Form F . R . 283c L I A B I L I T I E S Total F.R.notes in actual circulation 10,392,123 Deposits: M e m b e r bank-reserve a c c t . 12,759,539 U.S.Treasurer-general acct.'6,381 Foreign 972,113 Other 267,0U3 Total deposits Deferred availability items 737,014 983,574 620,240 417,575 2 , 1 0 2 , 9 3 0 412,633 2 5 5 , 6 4 0 354,083 1 0 0 , 1 5 2 1,053,359 4,929,323 782 1/508,583 ~ 109,866 5,547,554 677.U10 1,048,520 14,005,076 673,967 39 24,113 3,588 706,707 1,357,385 121,526 287,012 4,173 583 1,103 145,267 157,502 26,781 50,93? 622 73,299 8,729 70,245 53,989 514,613 413,710 1,844,363 387,545 2 1 9 , 9 1 2 459,323 389,008 1 , 1 9 6 , 8 3 7 530 • 220 896 513 590 545 146 1,276 33,595 26,724 93,151 2 2 , 9 0 6 16,798 2 2 , 1 4 2 2 2 , 1 4 2 58,415 11,468 2,646 8,470 10,539 8,408 7,742 2,244 40,354 759,652 1,173,376 92,061 177,661 560,206 4 4 3 , 3 1 6 1 , 9 4 6 , 8 8 0 4 2 1 , 5 0 3 2 4 5 , 7 0 8 4 8 9 , 7 5 2 4 i 3 , 5 4 o 1 , 2 9 6 , 8 9 2 126,372 55,823 195,585 66,086 3 1 , 0 9 6 62,862 44,4=9 96,832 268 372 213 335 386 130 120 229 212 222 9,439 10,949 2,874 2,647 53,4?} 56,651 7,070 14,417 11,774 15,171 4,393 3,366 5,837 5,236 3,244 2,128 14,845 14,346 1,007 4,992 5,152 5,725 713 2,491 16,005 22,925 1,429 8,828 4,522 4,966 530 2,077 3,077 3,152 1,000 2,663 4,696 3,613 1,137 2,156 4,448 3,976 1,263 2,026 11,993 .10,792 2,121 3,178 2 6 , 1 3 9 , 2 7 6 1 , 5 2 7 , 9 5 3 8 , 4 6 0 , 9 8 1 1 , 6 2 3 , 6 9 3 2,370,173 1,323,533 9 3 1 , 0 0 8 4 , 2 9 4 , 9 6 8 9 1 2 , 4 3 7 5 4 2 , 4 5 6 918,521 6 5 8 , 0 8 6 2 , 4 7 5 , 3 3 6 13,806 748 347 10,861,964 • 911,928 2,608,721 11,036,000 824,-000 2,635,000 5,195 Total Bills discounted 10,443 Industrial advances 14,835 U . S . Government s e c u r i t i e s , d i r e c t and guaranteed 3,572,951 214 25,758,757 1 , 6 0 2 , 0 4 4 8 , 3 2 9 , 3 6 4 1,588,995 2,334,983 1,307,153 9 1 6 , 9 2 7 4 , 2 4 5 , 7 8 1 900,342 532,574 9 0 6 , 9 1 9 546,373 2,447,302 Commitments to make industrial advances F.R.notes outstanding Collateral for F.R* n o t e s held b y F.R.Agents: Gold certificates Eligible paper S a n Fran. 773,228 2 , 4 9 3 , 6 9 5 accrued dividends TOTAL LIABILITIES" CAPITAL ACCOUNTS C a p i t a l paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TuTAL LIABILITIES ALT) CAPITAL ACCOUNTS STATEMENT 0F~ CONDITION OF I'tiE FEDtfKAL KisatiKVK UAHiU> • vn ouriMtnzn xo,• x ^ e (In thousands of d o l l a r s ) Boston N e w Y o r k Phila. C],eve. 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 300 Within 15 days 4,125 1,396 602 764,458 1 , 0 1 9 , 6 7 4 1,210 331 — 88 348 21 142 327,259 153,357 497,324 — 1,857 1,612 l,6ifl" 74,579 6,010 — 1,128,018 465,000 2,160,000 450,000 £65,000 370,000 218,000 1,154,000 250 45 M A T U R I T Y DISTRIBUTION OF BILLS A N D SECURITIES 16 t o 31 "to 61 to 9 1 days t o 6 months 30 days 60 days 90 days 6 months to 1 Year 8,720 8,964 1,163 645,807 4 4 9 , 0 8 6 2,147,185 443,949 2 6 1 , 6 3 5 369,089 2 1 2 , 4 1 6 800,000 1,020,000 675,000 125 142 2 773 1,156 210,437 145,885 , other 1 / After deducting $462,724,000 participations of/Federal Reserve B a n k s . " 1 to 2 years 1,021 205,.575 350 2 to 5 years Over 5 years 790 419,342 1,449,633 Form P. R . 233a Released for publication Friday morning, September 11, 1942; not earlier STATEMENT FOR TI3E RRESS OF THE TWELVE FEDERAL RESERVE BANKS" COMBINED (In thousand s of dollars) Increase or decrease since Sept. 9 , 1942 S e p t . 16, 1942 A S S E T Sept. 17, 1941 S Gold certificates on hand and due from U . S . Treasury Redemption fund - F , R . notes Other cash Total reserves Bills discounted: Secured b y U . S . Gov't obligations, direct and guaranteed Other bills discounted Total bills discounted 20,562,625 15>409 226,168 20,804,202 + 1,498 + 2,168 + 11,094 + 14,760 + 7,875 2,5& - 2,360 548 + 6,265 6,706 10,445 - 2,908 - 441 14,835 + 303 + 5,939 327,195 149,935 630,756 580,885 • 265,953 977 40,897 223,719 Industrial advances U . S . Government securities, direct and guaranteed: Bonds Notes Certificates Bills Total U . S , Government securities, direct and guaranteed 1,690,995 670,315 630,756 580,885 • 18,442 59,790 +206,776 - 94,692 + + + 3,572,951 • 70,736 +1,388,851 Total bills and securities 3,598,229 + 68,131 +1,394,349 Due from foreign banks F . R . notes of other banks Uncollected items Bank promises Other assets 47 35,150 1,616,080 40,313 45,255 2,345 +516,435 + l - 11,701* + 26,139.276 +590,021* +1,933,336 10,392,123 + 63,625 +3,244,667 12,759,539 6,381 972,113 267,043 14,005,076 +357,166 -207,383 + 23,290 - 74,630* + 98,430* - 568,387 - 327,381 - 154,337 - 442,139 -1,492,294 1,357.335 +430,701* + 4,173 25,753 , 757 - 2,308* +589,956* + 700 +1,92 5,.608 + + + TOTAL ASSETS L I A B I L I T I E S F . R . notes in actual circulation Deposits j Member bank- reserve account U . S . Treasurer - general account Foreign Other Total deposits Deferrod availability items Other inabilities including accrued dividends TOTAL Li.".3 JLITIES C A P I T A L + 6,750 319,481 349 2,886 172,535 A C C O U N T S Capital piid in Surplu3 (Section 7) Surplus (oocuicn 13b) Other capital accounts TOTAL LIABILITIES jtfSD CAPITAL ACCOUNTS Ratio of total reserves to deposit and F . R . note liabilities combined Commitments to make industrial advances - - + 145,267 157,502 26,781 50,969 26,139.276 85.3% 13,006 37 — — + 28 + 4,222 437 4 3.073 +590,021* +1,933,336 - + .5% 273 *Sept, 9 figures 'revised. 5.^ 2,319 F o r m F. R . 283b STATEMENT OF C O N D I T I O N OF THE FEDERAL RESERVE. BANKS ON , OCTOBER 21, 19^2 (In thousands of d o l l a r s ) ii S S E T S Rich. Atlanta Chicago St.Louis M i n n . Kans.Cy. Dallas Son F r a n . Phila. Cleve, Gold certificates on hand and due from U . S , T r e a s u r y 2 0 , 5 6 2 , 6 2 5 1 , 1 9 5 , 6 8 0 7,008,81*1 1 , 2 5 0 , 2 2 5 Redemption fund-F.R.notes 1,263 15,409 2,179 1,751 Other cash 49,622 226,168 12,556 22,135 1,815,877 1,291 . 15,768 9 3 9 , 1 6 1 6 8 8 , 9 8 6 3 , 5 5 9 , 3 2 5 6 4 5 , 1 9 8 397,195 6 6 9 , 5 2 2 451,663 611 1,988 286 1,236 544 366 647 1,850,936 953,802 7 0 1 , 0 8 0 3 , 5 9 7 , 1 0 4 657,595 403,948 6 7 9 , 9 6 1 4 6 3 , 3 3 0 1 , 9 9 2 , 1 8 5 Total Total reserves New York 20,804,202 1,219,994 7,060,214 1,244,044 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 , direct and-guaranteed 7,875 Other b i l l s d i s c o u n t e d 2,568 Total b i l l s d i s c o u n t e d Boston 300 — 12,653 11,808 36,543 11,853 6,387 9,792 11,065 1,962,952 3,247 25,986 4,125 1,062 125 240 50 230 250 110 1,000 88 305 75 55 350 72 1,605 141 I90 305 120 55 422 1,746 215 14 452 1,365 138 4,043 34,254 45,319 17,965 74,605 29,574 27,329 65,434 25,939 24,408 155,133 61,495 57,866 25,555 22,396 55,m6 45 10,443 300 5,187 365 280 360 1,088 Industrial advances 14,835 U . S. Government securities, direct and g u a r a n t e e d : 3onds 1,690,995 Notes 670,315 Certificates 690,756 Bills 580,885 464 621 5,298 637 804 802 120,259 470,668 186,573 175,564 125,396 49,709 46,773 157,577 62,463 58,777 53,933 102,537 4o,643 39,247 35,095 73,149 28,997 27,286 25,036 216,664 47,670 44,857 41,160 161,092 42,918. 197" 85,888 80,817 74,256 33,399 31,423 23,837 — 16,004 15,511 25 - Total U . S . G o v ' t s e c u r i t i e s , d i r e c t and g u a r a n t e e d 3,572,951 253,946 993,897 264,796 332,750 216,522 154,468 457,625 177,918 95,699 157,563 138,177 329,590 Total bills and securiti3s 254,710 999,705 270,459 333,667 217,66$ 156,358 458,127 178,052 96,206 159,350 140,061 333,340 3 l / 18 IT, 9 6 2 373,071 2 2 3,301 66,411 1,950 1,906 6 1 3,518 Due from foreign banks F.R.notes of other b a n k s Uncollected' items B a n k premises Other assets T o T ^ L ASSETS 3,593,229 47' 35,150 1,616,080 40,313 45,255 1,160 146,467 2,74o 2,879 10,360 11,851 5 . 1,464 99,646 4,023 3,258 4 1,883 19^,377 4,334 4,942 . f 2 6 , 1 3 9 , 2 7 6 1 , 6 2 7 , 9 5 3 8,1160,901 1 , ^ 3 , ^ ; 2,370,173 .... 3,955 142,212 3,069 2,872 3,918 227,176 69,072 2,940 5,697 2,124 2,075 1 , 3 2 3 , 5 9 0 9 3 1 , 0 0 8 li,2914,968 9 1 2 , ^ 3 7 * 1,255 38,414 1,319 1,324 %2,k$& •Less t h a n $ 5 0 0 . " l / A f t e r deducting $29,000 participations of other Federal Reserve 1 1 3,149 71,201 2,825 2,034 1,271 50,530 1,083 1/801. 4 5,314 136,703 2,716 4,616 9 1 0 , 5 2 1 650/086 2 , k 7 5 , 3 3 6 Banks.
@FedFRASER