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Form F. R. 283 STATEMENT FOR THE PRESS Released fo r p u b lica tio n Friday morning, Sept. 3; not e a r lie r . Eoard o f Governors o f the Federal Reserve System September 2, 1943 CONDITION OF TEE' FEDERAL RESERVE BANKS During the week ended September 1 member bank reserve balances increased $213,000,000. Additions to member bank reserves arose from an increase of $403*000,000 in Reserve Bank credit and decreases of $91,000,000 in Treasury . deposits with Federal Reserve Banks, $3,000,000 in Treasury cash and $33,000/000 in nonmamber deposits and other Federal Reserve accounts,, offset in part by an in crease of $268 , 000,000 in money in circulation and a decrease of $49 , 000,000 in gold stock. Excess reserves of member banks on September 1 were estimated to be approximately $ 1 , 150 , 000, 000, an increase of $40 , 000,000 for the week. There was an increase of $410,000,000 in holdings of United States Govern ment securities. B ills increased $308,000,000, certificates $76,000,000 and bonds $26,000,000. .Changes in member bank reserve balances and related items during the week and the year ended September 1 , 1943» wore as follows} Increase or decrease since Sept. 1, Auf.'!. 25 , 1943 1943 Sent. 2, 1942 (In m illions of d ollars) B ills discounted U. S, Government d irect obligations U. S*‘ Government guaranteed -obligations ^ Industrial advances (not including 12 rnillion commitments - September l) Other Reserve Bank cred it ¿9 9,154 33 12 273 + 29 + li b -- + 60 +5,771 + 28. - + 35 4 145 Total Reserve Bank cred it . Gold stock Treasury currency 9,540 22,243 4,098 ■ + 403 — 49 +5,998 - 513 + 757 Member bank reserve balances Money in .circulation. Treasury cash Treasury deposits' with *'.R. Banks Nonmamber deposits and other F.R. accounts 12,915 16,571 + 213 + 263 3 - 9 1. - 33 + 497 +5,321 + 63 + 67 ’ + 294 2,279 213 1,903 Form F. k. 283c STATEMENT OF CONDITION OF THE FEDERAL kBSERVE BANKS OK SEPTEMBER 1, 1943 (In thousands o f d o lla r s ) Minn. Kans.Cy. Ba lia s San Fran. Phila. Cleve. Chicago. St. Louis Bòston Now York Rich. Atlanta Li ABI LI . TI ES Total . F, fu notes in actual c ir culation 14,960,022 1055,303 3, 295,479 1038,353 1 , 352,060 932,4'3d 007,694 Deposits: - '. Member bank-reserve acct* 12, 914,950 650,316 4,456,418 667,353 1,033,799 540,630 497,204 U.S*Treasurer-general acct . -212,306 60,652 9,146 7,299 15,436 7,756 19,337 Foreign 27,163 1 / 561,171 99,671 36,721 96,524 45,114 1,189,585 Other 284,042 5,740 2,540 7,550 3,423 384,039 5,925 Total deposits 14,701,380 692,550 5,363,083 785,883 1,155,400 600,593 544,221 Deferred av aila b ility items 1,167,746 97,627 121,320 63,568 243,961 68,467 94,655 Other lia b ilit ie s including accrued dividends 4o2 2,192 211 170 531 6,079 759 TOTAL LIABILITIES 30, 835, 22? 1846,239 3, 904,715 1893,734 2 , 629,182 1677,904 I4i 5, 6?4 Capital paid in 149,082 55,008 15,446 6,038 5,366 11,703 9,544 Surplus (S ection 7) 11,160 5,725 58,001 15,670 5,236 l6 o ,4 ll 14,767 Surplus (Section l*b) 26,029 7,070 2,874 717 1,007 3,244 4,393 Other capital accounts 6,658 26,191 3,671 4,034 91,833 5,687 4,474 TOTAL LIABILITIES AND CAPITiiL ACCOUNTS 31,263,432 1375,504 9 , 050,985 1932,158 2, 669,073 1696,896 1431,536 Commitments to make in dustrial advances 708 925 434 11,637 35 1,539 9 F* E. notes* outstanding Collateral for F.k.notes held by F.ft.Agents» Gold certificates Eligible paper U.S* Govf t securities. Total 543,053 361,017 1 , 670,332 1,968,797 36,937 127,999 6,793 423,361 275,317 11,576 11,529 31,475 23,082 9,952 8,507 2 ,i4 o ,5 8 l 431,364 318,935 55,691 25,394 57.2,407 6,907 29,377 3 ,i i o 611,881 66,780 169,573 600 5, 184,908 16,573 22,925 1,429 14,009 474,630 1,349,210 15,208 10,093 31,475 79,813 , •2,97.5 42,677 519,973 1,436,916 .40,123 120,-087 361 166 317 135 235 1 1^ ,5 0 9 696,867 1222,031 921,243 3, 278,196 12,198 4,537 4 ,8 4 i 4,641 3,187 3,221 4,966 1 1 , ou4 3,613 -4,083 - 2 ,12 1 1,000 530 1,137 1,307 4,096 6,694 3,457 4 ,H 3 3,799 5,239,844 1173,742 703,074 1235,73 5 934,632 3, 310,253 1,768 — 3,000 -- 3,219 557,692 334,329 1,756,743 970,000 2,585,000 1070,000 1 , 390,000 897,000 755,ooo 2, 960,000 375,000 348,000 — — ■ 7,500 2,000 100 47,257 7,735 2,095 — — 334,232 10,000 125,000 100,000 120,000 800,000 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 560,000 391,000 1 , 774,000 ---— — -5,000 ’w ithin 15 days 61,171 10,384 B ills discounted 66,754 Industrial advances 11,663 L. S. Government securities • ---9 d ir e c t and guaranteed 9 , 186,830 1 , 011,722 627,219 351,372 654,905 357,345 15,410,113 1035,859 3,391,590 1065,173 1 , 387, 298 .1006,660 14,075,000 66,687 1,494,232 2,074,154 31 to 00 days 6l to 90 days, 5,920 138 367 45 1,296 34 ; 1 , 092,359 2,23?,506 2 , 050,595 : 16 to 30. days 844,190 2, 913.319 * 91 days to 6 months — 426 6 months to 1 year -220 1 .to ;2 years — 295 2 to 5 years Over '5 years — 121 ' -2 8 0 ,4 5 0 . - 706,150 l / A fte r deducting $627,23^000 p a r tic ip a tio n s o f other Federal Reserve Banks. 239,600 698,¿71 691,777 Form F, E. 283a R eleased’ fo r p u b lica tio n Friday morning, September 3»1943; not e a r lie r . ■STATEMENT OF CONDITION OF THE TWELVE. FEDERAL RESERVE. BANKS COMBINED (In thousands o f d o lla rs) Increase or decrease since Sept. 1, ■ 194? ASSETS Gold c e r t ific a te s on hand and'due from U. S. Treasury Redemption fund - F. R; notes. Other ca3h Total reserves 19,967,714 103,347 316,929. 20,387,990 B ills discounted! Secured by U. S. Gov»t obligation s, d irect and guaranteed Other b i l l s discounted Total b i l l s discounted Industrial advances U. S. Government se cu ritie s , d irect and guarahteedj Bonds Notes C ertifica tes B ills Total U. S, Government se cu ritie s, d irect and guaranteed - ’594,411 + 90,246 + 88,813 - 65,191 ..." 415,352 + 62,149 . 2,791 68,754 ' 1 1 , 663. + 28,390 128 + - 59,358 4,695 - + 26,300 -'.1 5 6 ,3 5 5 4,705 + 75,850 + 841,577 ' +307,869 . +5,117,979 t* - * — +410,019 +5»79B,496- O CO +438,281 +5,853,159 a* + 582 + 34,169 + 18,163 1,768 .- ‘ 58 • + 2,164 - +• 13,498 * •x O CO CvJ K"\ + 9,267,247 " 127' 62,660 l , 44o , 629 38,544 ■66,235 TOTAL ASSETS - 68,502 + 16,933 - 13,622 + 28,390 ••*r „ 9*186,830 Due from foreign banks i1’. R. notes o f other banks Uncollected items Bank.premises Other assets Sept. 2, 1942 68,754 .; 1,507,649 723*400 1,182,550 5,773,232 Total b i l l s and secu rities Aug. 25, ; 1943 ' 31,263,432 +393,941 +5,848,066 14,960, 022- +2149,729 +4.-758 ,-799 12,914,950 212,806 1,189,585. ■ 384,039 14,701,380 1,167,746 +212,835 - 90,843 - 40,018 + 8 , 63.Q + 90,604 + 52,987 L I ii B I L I T I E S F, R. notes in actual ’c ircu la tio n Deposits» Member bank-reserve account U.S.Treasurer-General account Foreign . „ - _ Other Total deposits Deferred a v a ila b ilit y items Other l i a b i l i t i e s including accrued dividends. TOTAL LIABILITIES C A P I .T A L a - C C. 0 U N T S Capital ps-id in Surplus (S ection 7) Surplus (S ection 13^) Other ca p ita l accounts TOTAL LIABILITIES AND. CAPITAL ACCOUNTS Ratio o f to ta l reserves to deposit and F, R. note l i a b i l i t i e s combined Commitments to make in dustrial1 advances ■ ■ « 6,079' 30,835,227 1 4 9 ,0 6 2 160,411 26,829 91,883 31,263,432 63.7/° 11,637 ' 194 +393,514 + 497,330 66,543 + 228,833 + : 27,244 + 819,950 + 219,095 • + ■ 2,321 +5, 800,165 + + + 3,901 +. 2,909 -+ 48 41,043 + 370 - + +5*848,066 +393,941 '+ 57 - 1 . 1% -. 295' - 17.7% 1,416 Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE -BANKS ON SEPTEMBER 1, 191*3 ( In thousands o f d o lla r s ) ASSETS Total * Boston New York Phila,. Clevé» Rich. Atlanta Chicago St Louis Minn. Kans.Cy. Dallas San Fran. - Gold c e r t ific a t e s on hand and due from U.S. Treasury 19,967,711* 1250,979 U,537,31*3 1171,358 1,899.668 1179,726 Redemption fund - ï'.E .notes 103#3V7 1*1 , 71*0 11,1*52 530 8,613 7 , 91*9 Other cash 26,082 316,929 29,61*3 78,037 25,185 21,31*7 Total reserves 20,387,990 1288,571 1*,657,120 1207,995 1,921.51*5 1211*,1*21 B ills discounted: Secured by U.S. Gov’ t ob liga tion s, d ire ct and guaranteed 2,000 68,751* 1*7,257 2,095 7,735 '71*5 Other b i l l s discounted — — Total b i l l s discounted 2,000 68,751* 7,735 1*7,257 71*5 2,095 Industrial advances 329 1 , 1*61 11,663 1*,713 671 159 U.S. Government se cu ritie s $ d ire ct and guaranteedt Bonds 1,507.61*8 121,31*3 270,965 121*, 63O 175,737 97,851 Notes 723. 1*00 8l*,322. 1*6,951. 59,800 58,223 130,015 C e rtifica te s 1 , 182,550 137,81*3 95.177 76,750 212,537 97,751* B ills 5,773.232 173.61*9 3,392,131*- 31*1*. 671 • 131,862* 13l*,7.58. Total U.S. G ov't s e c u r itie s , d ire c t and guaranteed 9,186,830 14*8,392 1*,005,651 626,355 579,766 356,310 Total b i l l s and se cu ritie s Due from foreign banks F. R. notes o f other banks Uncollected items Bunk premises Other assets TOTAL ASSETS 9,267,21*7 127 62,660 1,1*1*0,629 38,51*1* 66,235 1*57,588 1*, 053.067 3 1,381* 120,616 ‘2,681* 1*,658 1 / 1*6 3*1,1*17 306,561 9,676 13,090 633,573 13 2,307 78,805 1*, 660 1*,805 581,102 13 2,672 151.21*3 l*.25i 8.167 358,731* 6 7,239 109,1*17 2,966 1*,H3 99!*,1*31* 3,923,1*96 676,036 1*58,791+ 878,230 611*,1*65 2,383,185 1 , 132. 6,11*1 736 761 63I* 20,316 3,31*3 15,882 15,528 9,01*8 11,265 36,071* 8,897 39,91*1 1016,103 3, 96**,071 800 — 110 707,617 1*68,823 — 110 220 1* 7,500 212 ... -------- — 000 37,51*3 1*2,005 66,607 122,ol*9 100 7,500 89l* »81*0 621*,27I* 2, 1*22,602 100 200 — -------- — 212 200 1*5 30 18 1*,000 206, 70i* 50,167 51.075 21*, 071 21*, 507 99,219 162,191* 39,350 1*0,062 572,336 271*, 61*3 .85,997 71*, 321* 35,662 53,296 76,701 75.517 36,231* 59,235 81*,820 171,712 82,391 131*,635 329, 6IO 21*1*,983 255,806 718,398 395,731 201,786 21*5,013 256,036 2 1* 17 1* 3 6, 80!* l*,21i* 2,936 1,81*1 6,51*5 66,736 32, 01*6 33,267 1*7,072 216,319 2,080 1,290 2,755 99I* 2,879 2,286 2,361 3,305 ......JLJ16 *9,107 7 2 2 ,^ 3 11 9,839 11*5,178 2,61*1 _I*I8l* 326,261* 1,01*0,533 388,231 201,61*1 321,292 i,ol*o,61*7 5 5,1*62 83,369 1,668 3,637 . 31,263,1*32 1875.501* 9 .0 5 0 ,9 8 5 1932,158 2 , 669,073 1696,896 11*31.536 5.239.81*1* 1178,7i*2 708,071* 1235.735 93U.632 3 , 310,253 l / A fte r deducting $81,000 p a r tic ip a tio n s o f other Federal Reserve Banks,
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