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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, Sept. 19; not earlier. Board of Governors of the Federal Reserve System September 13, 19^1 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 17 member bank reserves increased ¿170»000,000. Additions to member bank reserves arose from a decrease of ¿122,000,000 in Treasury deposits with Federal Reserve Banks and increases of ¿61,000,000 in Reserve Bank credit, ¿8,000,000 in gold stock and v3#000,000 Treasury currency, offset in part by increases of ./ll,000,000 in Treasury cash, •■¿10,000,000 in money in circulation and $3*000*000 rionmember deposits and othar Federal Reserve accounts. Excess reserves on September 17 were estimated to be approximately *5 ,250,000,000, an increase of ‘ ili+0,000,000. Changes in member bank reserve balances and related items during the week and the year ended September 17, 19Ul, were as follows: Increase or decrease since Sept. 17, I9J4.I Sept. 10, Sept. 18, 19U0 19l41 (In millions of dollars) Bills discounted U. S. Government direct obligations U. S. Government guaranteed obligat ions Industrial advances (not including 11 million commitments - September 17) Other Reserve Bank credit 11 2,179 5 - — 3 + 7 - 2l+8 2 9 112 - l + 61+ Total Reserve 3arik credit Gold stock Treasury currency 2,316 22,7 U 3,188 + 61 + 8 + 5 - 179 +1,61+8 + ll+3 Liember bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 10,014.6 2 ,1+00 13,320 +170 +10 + 11 -122 + 3 - 296 +1,962 + 97 33k 2,129 + 61+ - 1+56 + 310 Form F. R. 283-a Released for publication Friday morning, September 19 , 191+1 ; not üarlier. STATEMENT OF CONDITION OF THE TÏÆLVB FEDERAL RESERVE BANKS C01.ZBINBD (In thousands of dollars) Increase or decrease sine 0 Sept. 18, Sept. 10, Sept. 17, 19I+0 191+1 19U A S S E T S 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. Govft obligations, direct and guaranteed Other bills discounted Total bills discounted Industrial advances U. S. Government securities, direct and guaranteed: Bonds Notes Jotal U, S. Government securities, direct and guaranteed 20 ,297,032 16,386 267,065 20 ,580,1+83 1,610 9,27U 10 ,881+ 8,896 + — — U,399 +1,51+0,731+ + i+,930 - .77,322 + l+,399 + 1 ,1+68 ,1+00 - 1+81+ 2,237 2,721 305 44- 4- 4- 7l+9 6 ,014!+ 6,793 281+ 1 ,363,800 820,300 - + - 1+5,200 29l+,700 2,131+, 100 --- - 2^ 9,500 - 3,526 - 2142,1+23 + + + - —— 2,989 399,276 10 12,326 19 ,1+88 l+l+l+,839 61+3 10,31+1+ + 390,332 +1,679,362 7,11+7,1+56 + 17,516 4*1 13,327,926 333,762 1 ,126,1+50 709,232 15,1+97,370 1 ,10/+,650 + + + + 169,591 121,929 17,375 10,299 1+0,536 335,310 3 ,hi3 23 ,833 ,11+9 - 3,085 390,327 Capital paid in 11+1,01+5 Surplus (Section 7) 157,065 Surplus (Section 13b) 26,785 Other capital accounts 1+7,896 TOTa L LIABILITIES AND CAPITAL ACCOUNTS 2l+,205,91+0 Ratio of total reserves to deposit and F. R.note liabilities combined 90.9/2 Commitments to make industrial advances 11 ,1+87 + Total bills and securities 2 ,203,880 Due from foreign banks F. R. notes of other blinks Uncollected items Bank premises Other assets 1+7 1+1,900 1,296,599 1+0,662 142,369 T O T A L A S S E T S L I A B I L I T I E S F. R. notes in actual circulation Deposits: Member 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 A C C O U N T S 2l+, 205,91+0 + 30 - 25 + 390,332 .2% - 1,507 + 4- ,751,532 - 296,1+93 - 1+56,599 + 90,991 195,923 -, 2+66,178 4381,551+ 4- 336 +1,667,21+1+ 4* + + 3,1+08 5,3l+5 51+ + 3,1+19 + 1 ,679,362 + + 1.1+/° 3 ,1+80 Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 17, 19^1 (In thousands of dollars) ASSETS Total Gold certificates on hand and due from U.S. Treasury 20,297,032 Redemption fund - F.R.notes 16,380 Other cash 267,065 Total reserves Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Gy. Dallas San Fran. 1,165,291 8 ,1+66,882 1 ,285,122 1 ,562,93!+ 735,905 1+95,286 3,1+28,338 550,14+3 31+0,687 1+80,557 330,681+ i,l+5l+,905 902 lj-,883 920 1,775 1,218 1+61+ 1+78 1,015 552 1,773 731 1,675 11,015 6 o,ol +2 186 15,370 27,219 21, 17,1+25 17,531 38,257 29,907 5,1+25 11,955 11,755 20,580, [4.83 1,197,393 8 ,523,697 1 ,303,668 1,581,279 753,050 516,,936 3,U67,813 562,360 31+6,662 1+92,970 31+3,170 1,1+56,1+85 Bills discounted: Secured by U. S. Gov’ t obligations, direct and guaranteed 1,610 Other bills discounted 9»271+ - Total bills discounted --- 1,21+0 8,130 8 19 100 56 27 3,698 156 —— !;6 20 36 U6 810 56 l6l 3l+9 21+ 33 159 60 29 10 162 89 598 50 15 2h 192 89 1+82 172 81 687 298 65 11+5 Industrial 'advances U. S. Government securitie s, direct and guaranteed: Bonds 1,363,800 Notes 020,300 1,U36 9,370 1,183 99,286 59,719 381+,113 231,036 107,301 61+, 51+1 11+1,895 7k, 720 57,1+81+ 85,31+8 l+l+,9l+3 3l+,577 166,999 100,14+6 65,886 38,1+77 66,280 53,591+ 39,650 25,114+ 59,861+ 32,255 107,765 Total U. S. Gov’ t securities, direct and guaranteed 2,181+, 100 159,005 615,11+9 171,81+2 227,21+3 119,663 92, 06l 4+ 85,829 267,141+5 105,516 61,621 106,l’ 172,582 160,1+1+1 625,702 18 3,971+ 293,696 10,262 11,262 175,567 227,65!+ 120,519 2 1+ 1,986 li+,575 l61+,ioo 108,616 l+,l+88 2,781+ it,830 2,570 92, 278 2 2,331+ 51, 571 1,963 l,773 267,818 105,700 62,192 106,397 36,811+ * 6 1 1 1 2,613 857 2,501+ l,0l+8 l+,57l+ 198,266 70,525 30, Sl+8 1+9,581 14+,3I+8 2,997 2,295 1,31+8 2,916 1,166 1+.902 2,016 1,667 1,933 1,252 172,790 10,881+ 8,896 Total bills and securities 2,203,S80 Due from foreign banks 1+7 F. R. notes of other banks ¿41,900 Uncollected items 1,296,599 Bank premises 1+0,662 Other assets 1+2,369 T O T A L A S S E T S 3 1,625 123,992 2,796 2,851 2l+,205,91+0 1,1+89,101 5 1,1+05 83,1+97 l+,856 3,571 255 ». A! ; "1, 1+ I».,805 77,561 2,791 5,762 9,1+75,611 1,572,569 l,98l+,5l+l 1P 0 2 ,116 666,857 3,9l4+,l+15 7^5,121+10+3,330 658,255 1+78,023 1 ,71*8,198 *Less than ;‘ 500. Fora F. R. 233-c L i r. STATEMENT OF CONDITION OF TES FEDERAL RESERVE B/2T KS ON SEPTEMBER 17, 191+1 (In thousands of dollars) I L I T I Total N < m York Boston Phila. Cl eve. 1,859,559 1+99,550 680, 670,1+30 6,138,59^425 ,Ù06 56,765 52 ,0L+8 1+1+0,395 6,l+ol+ 595,809 801,763 2l+,098 107,320 16 ,1+50 97I+, 352 15, 788 101, 788 27 ,510 Total 760,288 7 ,231,565 109,523 252,859 9U9, 631 1,119,1+18 88,563 li+9,11+7 i+08 912 deposits 15,1+97,570 Deferred availability items 1,18^,350 Other liabilities including accrued dividends 3, ¿+75 TOTAL LIABILITIES C A P I T A L ACC 25,835,11+9 1,1+63,507 0 1J 1 Ï s Capital paid in Surplus (Section 7 ) Surplus (Section 13b) Other capital accounts ll+i,01+5 157,065 26,785 1+7,896 Total Bills discounted Industrial advanee s U. S. Government securities, direct and guaranteed 10,861+ 3,096 2, IOI+, lOd 565 9,5UU,895 1,538, 0I+3 1 ,91+9,816 9,361 10,906 2,871+ 2,1+53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2l+,205,9Uo 1 ,1+39,101 Commitments to make indu striai advanc e s 1,061 11 «¿+87 299 CD 593,288 oo CD F. R. notes in actual cir culation 7,11+7,1+56 Deposits : Member bank-reserve acct. 13 ,327,926 U.S.Treasurer-General acct. 3 3 3 9762 Foreign 1,126,1+50 Other deposits 709,252 ' 51,721+ 56,141+7 7,070 13, ¿+77 U , 908 15, 11+1+ 1+,393 3, 081 ll+, 599 111-,525 1,007 ¿+,596 Rich. Atlanta 3oû ,629 235,762 1+39,687 28,200 ¿+7,575 6,096 5 0 l+ ,l+ 6 1 + 15,810 53,721+ 7,890 i+,995 8,598 5,630 2,611 750 8i+,130 26,509 521,618 566,888 2 ,197,696 399,319 22l+,885 360,322 510,175 1,055,571 105,510 50 ,1+1+8 135,165 63,687 26,309 ¿+9,081 1+2,808 65,750 525 3 I+8 106 123 120 ll+6 I59 181+ 986, j82 655 ,201+ 5 ,896,705 733,21+9 1.55,659 61+6,959 1+66 ,5I+1 1,720,511 5,5l+2 5,2U7 5,21+1+ 2,001 ¿4,81+5 5,725 715 2,572 15,007 22,821+ 1,1+29 8,370 ¿+, 367 i+,925 535 2,050 3,Q0ii 3,!52 1, uOO 2,555 1+, 550 3,615 1,150 1,995 ¿4,296 11,761+ 5,971+ 10,705 1,265 2,121 1.9U9 ____ 3,017 9 ,¿+75,611 l,572, 569 1 ,90^, 51+1 1¿¡02 ,lib 666,857 5,914+,¿415 71+5,121+ ¿+1+3,550 658,255 ¿+73,025 1 ,7148,190 Vi thin 15 days 7,337 2,596 516 1,21+2 1,01+1+ 669 71+1 2,091+ MATURITY DISTRIBUTION OF BILLS AND SECURITIES 16 to 3D days 1,507 576 31 60 days 1,225 13 k 6l to days SO . 91 days to 6 months l6l 705 28 57 6 months to 1 Yeo.r 1 Year to 2 Years 2 Years to 5 Years 27k 1,100 5 l,p26 1,610 1,1+80 L+5,000 8i-j.,800 66,200 208,200 51+8,500 23 Over 5 Years 1,233,600 3,527 Form F. R. 283-d FEDERAL RESERVE NOTE STaT&IENT O U SEPTEMBER 17, 1941 (In thousands of dollars) Total Boston Nev/ York Phila. Gleve. Rich, Atlanta Chicago 3t.Louis Linn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.Bank by F.R.Agent 7,527,^83 623 ,9U7 1,951,107 524,696 710,1+32 386,01+2 260,957 1,552,075 287,605 137,706 2i+7,979 12l+,928 Held by Federal Reserve Bank3*30,032 30,659 91,548 25,11+6 29,5W+ 25,1+13 25,195 36,579 17,485 5,379 10,569 11,507 71,008 in actual circulation 070,014 7,147,456 593#288 1,359,559 499,550 680,386 360,629 235,762 1,515,1+96 270,120 182,327 237,410 113,1+21 599,006 Collateral held by a^ent as se curity for notes issued to bank: 021 duu from U. S. Treasury uligibla paper G o l d c e r t i f i c a t e s Total collateral h a n d a n d 7,658,000 635,000 1,950,000 51+0,000 715,000 1+00,000 270,000 1,580,000 299,000 139,000 250,000 1 31,000 609,000 9,605 — 9,235 8 — 38 — — ' 33 35 156 7 ,667,605 635,000 1,969,205 5^0,008 715,000 1+00,033 270,000 1,530,000 299,033 189,085 250,156 131,000 639,000
@FedFRASER