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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, Sept, 20$ not earlier® Board of Governors of the Federal Reserve System September 19, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 18 member bank reserve balances increased $28,000,000* Additions to member bank reserves arose from increases of $112,000,000 in gold stock, $10,000,000 in Reserve Bank credit, and $2,000,000 in Treasury currency, offset in part by increases of $24,000,000 in Treasury cash, $28,000,000 in Treasury deposits with Federal Reserve Banks, $4,000,0' 0 in money in circulation, and $39,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on September 18 were estimated to be approximately $6,530,000,000, a decrease of $10,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended September 18, 1940, were as follows! Increase or decrease since Sept, 18, 1940 Sept. 11, 1940 Servt. 20, 1939 (In millions of dollars) Bills discounted Bills bought U.S. Gov't securities,direct and guaranteed Industrial advances (not including 8 million commitments - September 18) Other Reserve Bank credit 4 2,434 9 48 Total Reserve Bank credit Gold stock Treasury currency 2,495 21,093 3,040 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R, accounts 13,624 8,084 2,3U 790 1,819 — — 1 - - - - - + + 28 + 24 28 39 + + + 3 10 - 10 + 10 + 112 + 2 + - 2 1 392 I - 388 +4,191 + 12.5 +2,075 + 848 + 39 + 171 + 796 Pbha P#R.-283a Released for publication Friday morning, September 20, 1940; not earlier. STATEMENT OF C0UDITI01? OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept. 20, Sept. 18, Sept. 11, 1940 1929 1940 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 and guaranteed Other bills discounted Total, bills discounted Bills bought in open market Industrial advances U # S, Government securities, direct and guaranteed! Bonds Notes Bills Total U. S. Government securities, direct and guaranteed 18,756,298 11,398 344,387 19,112,083 + 84,999 + 1 + 3,567 + 88,567 361 3,230 4,091 119 1,028 1,147 - ~ 47 22,412 851,710 41,310 52,713 - - - 108 It 389 1,497 545 3,055 — + — - — - 9,984 130,497 272,370 — 392,883 - 397,980 - 131 899 131,397 849 14,058 - 2,433,600 Due firoia foreign banks F. R. notes of other bonks Uncollected items Bank premises Other assets - 18 1,318,600 1,115,000 2,446,303 A S S E T S - 8,612 Total bills and securities TOTAL - +4,3.34,580 + 3,110 10,106 + +4,147,796 — 1,165 — 550 +144,876 + + — - - 12,404 - +219,324 +3,867,074 5,395,924 + 2,000 + 13,624,4-19 790,361 1,035,459 513,309 + + + - 28,595 23,675 78,922 50,094 +2,075,12.0 + 171,748 + 539,672 + 227,755 15,963,54S 803,296 + 86,098 +134,112. +3,014,285 + 121,129 2,137 22,165,905 - 2,992 +219,218 757 +3,852,973 137,637 151,720 26,839 44,477 22,526,578 + + + 22,526,570 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 L I A B I L I T I E S C A P I T A L 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 Contingent liability on bills purchased for foreign correspondents Commitments to nuike industrial advances 89.5% — 8,007 718,316 - + 89 +219,324 2,131 2,568 425 + 9,327 +3,867,074 + + 17 — - - .156 — 116 4.65b - 101 - 2,799 Form F. R. 283~b STATEMENT OF CJ013DITI0II OF THE FEDERAL RESERVE BAIIKS OU SEPTEMBER 18, 1940 (In thousands of dollars) A S S E T S Total Boston Hew York Gold certificates on hand and due from U.S.Treasury 18,756,298 1,140,011 Redemption fund - F.R.notes 11,398 1,802 Other cash 344,387 35,648 9,183,286 1,280 90,414 969,284 1,243,626 496,497 356,669 2,905,130 454,310 281,742 399,223 255,124 1,071,396 1,123 486 620 640 1,111 1,000 1,227 733 383 993 7,326 18,912 11,872 29,183 21,646 23,500 17,987 38,548 15,924 33,427 Total reserves 9,274,980 999,460 1,266,272 521,120 375,767 2,944,411 470,617 289,554 418,755 267,636 1,106,050 19,112,0^1,177,461 Bills discounted! Secured by D. S. Gov't obligations, direct and guaranteed 861 Other bills discounted 3,230 Total bills discounted - - 4.091 Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas 101 1,985 89 158 123 62 240 13 12 103 5 4S 89 2,086 247 185 253 115 89 5 San Fran. 10 45 51 174 160 500 70 53 55 225 660 123 275 215 460 636 Industrial advances 8,612 U. S. Government securities, direct and guaranteed* Bonds 1,318,600 Ilotes 1,115,000 1,098 1,778 2,395 373 839 267 53 271 96,222 81,366 403,661 341,335 104,577 88,430 135,227 114,345 66,100 55,894 48,380 40,910 139,966 118,353 61,156 51,714 38,864 62,418 32,863 52,780 51,459 43,513 110,570 93,497 Total U. S. Gov*t securities, direct and guaranteed 2,433,600 177,588 744,996 193,007 249,572 121,994 89,290 258,319 112,870 71,727 115,198 94,972 204,067 Total bills and securities ? J 446,'m 178,686 748,860 195,649 250,130 123,086 89,672 96,092 204,826 3 640 77,815 2,852 3,641 18 2,999 201,889 9,76S 15,257 5 979 54,606 4,497 4,264 258,643 112,964 72,057 115,638 * 6 1 1 1,508 1,238 2,817 2,029 121,598 45,277 23,935 35,725 1,377 2,394 3,117 3,345 1,584 2,364 2,277 5,303 1 549 31,272 1,127 2,538 4 3,547 51,368 2,884 4,719 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets T O T A L A S S E T S 47 22,412 851,710 41,310 52,713 2 2 4 2,542 1,777 1,787 99,430 74,560 34,235 5,450 2,494 2,005 2,992 1,877 5,897 22,526,578 1,441,098 10,253,771 1,259,460 1,628,970 726,796 505,335 3,33^,123 635,559 389,745 577,108 399,215 1,373,398 *Less than $500. Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 18, 1940 (in thousands of dollars) LI AB I L I T I E S Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 5,395,924 Deposits: Member bank-reserve acct J3,624,419 U.S.Treasurer-General acct.790,361 Foreign 1,035,459 Other deposits 513,309 440,263 1,441,879 372,742 494,545 242,209 173,080 1,161,260 200,296 148,644 194,036 85,816 441,154 797,455 46,529 46,355 8,095 7,188,182 294,474 608,840 414,052 660,654 47,901 65,034 25,595 871,381 325,297 226,657 1,851,264 310,679 159,401 272,999 212,728 75,432 40,752. 33,854 36,343 37,298 65,185 39,847 30,704 79,634 19,908 14,600 19,245 19,908 61,716 28,535 23,227 3,638 9,263 2,160 8,150 7,606 6,525 3,298 4,926 747,722 42,042 48,457 20,001 Total deposits 15,963,548 898,434 8,505,548 799,184 1,004,807 396,977 285,514 2,014,480 378,945 211,493 337,850 272,094 858,222 Deferred availability items 803,296 Other liabilities including accrued dividends 3,137 77,151 181,021 53,905 95,399 71,890 33?507 114,180 44,951 20,144 34,424 2.9,678 47,046 36 7 835 309 350 89 143 342 96 139 129 132 206 TOTAL LIABILITIES C A P I T A L 22,165,905 1,416,215 10,129,283 1,226,0.40 1,595,101 711,165 492,244 3,290,262 624,288 380,420 566,439 387,720 1,346,628 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 137,637 151,720 26,839 44,477 9,332 10,405 2,874 2,272 51,070 53,326 7,109 12,983 11,883 14,198 4,393 2,846 14,062 14,323 1,007 4,477 5,340 5,247 3,246 1,798 4,679 5,725 713 1,974 13,925 22,824 1,429 7,683 4,164 4,709 538 1,860 2,952 3,152 1,001 2,220 4,423 3,613 1,142 1,491 4,156 3,974 11,651 10,224 2,099 2,774 1,266 2,121 22,526,578 1,441,098 10,253,771 1,259,460 1,628,970 72.6,796 505,335 3,336,123 635,559 389,745 577,108 399,215 1,373,398 Commitments to make industrial advances 8,007 260 737 1,032 1,072 651 510 14 368 53 144 4 3,162 MATURITY DISTRIBUTION OF BILU5 AND SECURITIES Total Bills discounted Industrial advances U. S. Government securities, direct and guaranteed 4,091 8,612 2,433,600 Within 15 days 2,606 1,598 16 to 30 days 158 136 31 to 60 days 675 311 6l to 90 days 91 days to 6 months 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years 521 205 131 781 781 1,484 1,518 2,579 92,500 116,800 117,300 196,000 668,000 ; Over 5 Years 1,243,00C Form F. R. 283-d FEDERAL RESERVE HOTE STATEMENT Oil SEPTEMBER 18, 1940 (in thousands of dollars) Total Boston IIGVJ York Phila. Cleve. Rich. Atlanta Chicago St .Louis Minn® Kcuis. Cvc Dallas San Fran. Federal Reserve notesJ Issued to F.R.Bank by F.R.agent Held by Federal Reserve Bank 5,692,745 455,097 1,522,275 390,259 520,797 256,574 187,930 1,192,094 211,174 153,566 202,301 296,821 _U,834 80,396 17,517 26,252 14,365 14,850 30,834 10,878 4,922 8,265 93,^06 507,272 7,590 66,118 In actual circulation 5,395,924 440,263 1,Ml,879 372,742 494,545 242,209 173,080 1,161,260 200,296 148,644 194,036 85,816 Ml,154 5,796,500 470,000 1,535,000 400,000 521,500 275?000 190,000 1,210,000 219,000 154,500 205,000 2,744 - 1,958 218 240 - 80 AO 208 97,500 519,000 - - 5,799,244 470,000 1,536,958 400,218 521,500 275,240 190,000 1,210,000 219,080 154,540 205,208 97,500 519,000 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral
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