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Form F# R* 203 STATEMENT FOR THE PRESS Reteased f o r p u b lica tio n Friday morning, Sept, 21*j not e a r lie r , Board o f Governors o f the Federal Reserve System September 23, 19^3 CONDITION OF THE FEDERAL RESERVE BiiNKS During the week aided September 22 member bank reserve balan ;es decreased $1,21*2,000,000, Reductions in member bank reserves arose from a decrease of $590*000,000 in Reserve Bank credit and increases of $51*3*000,000 in Treasury deposits with Federal Reserve Banks and $163,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $59»000,000 in money in circulation. Excess reserves of member banks on September 22 were estimated to be approximately $1,890,000,000, a decrease of $160,000,000 for the week. There was a decrease of $1*1*9,000,000 in holdings of United States Govern ment securities. Certificates decreased $1*11,000,000 and b ills $35,000,000. The decrease in certificates was due to the redemption of the $li2l*,000,000 special series certificate held by the Federal Reserve Banks on September 15, Changes in member bank reserve balances and related items during the week and the year ended September 22, 191*3, were as follows 1 Increase or decrease since Sept, 22, 19U3 Sept, 15 , 19U5 Sept, 23, I9h2 (In millions of dollars) B ills discounted U, S, Government direct obligations U, S, Government guaranteed obligations Industrial advances (not including 12 million commitments - September 22) Other Reserve Bank credit 22 9.171 33 - 9 -1*1*9 -* ♦ 13 +5.781 + 28 11 1*80 -11*0 * h 317 Total Reserve Bank credit Gold stook rr» Treasury currency 9 .717 22,205 U.09U -598 1 1 +6,136 - 51*5 + 7i*5 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R, Banks Nonmembor deposits and other F, R, accounts 12,467 18,714 2,266 3h9 2,000 -1,21*2 - 59 — + 51*3 + 163 + 601 +5.195 + 66 + 61* + 1*10 + + Form F. R. 283° L I A B I L I T I E S Total STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 22, 1945 (In thousands o f d o lla r s ) Boston New York P hila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. «5U3,2fo *62,638 1,706,137 i culItioJeS ln aotual Cir* 15 , 138,393 1063,^8 3 , 327,767 1051,369 1 , 372,915 1001, *»2 016. 6^ 2,8^8,Qli8 637*.5b2 355,972 Deposits* .’ . . .. "' * Member bank-reserve acot. ^2, 486,796 645,676 4,090,805 675,959 1,007,419 534,105 475,315 1*934,001 419,962 277,241 566,014 4B0,.607 1 , 302,012 54,677 38,143 32,800 19,222 28,131 4 l,o4 3 U.S.Treasurer-general a cct. 51*8,614 25,171 115,123 2^,765 98,477 46,608 24,454 84,516 Foreign 1 , 232,285 28,888 1/ 566,678 105,552 102,219 47,776 38,887 135,551 33,332 24,444 3 1, n o 33,332 39,651 Other 429,640 5,525 ~~ 303,586 7 ,8 11 16,356 11,205 6 ,116 8,574 12,89 5 9,134 3, 920 4,887 Total deposits 14,697,555 705,260 5,076,192 312,087 1,224,471 639,694 544,772 2,117,149 498,989 350,041 6Ê9,I?5 559,869 1 , 561,656 Deferred availability items 1,584,202 185,558 78,830 55.271 85.113 62,064 270,520 91.097 183,555 146,586 116,472 252,209 99.549 Other lia b ilitie s including accrued dividends 546 216 597 I90 1,504 205 576 645 2,562 251 7,844 447 705 TOTaL liabilities 5 1, 427,774 1867,112 8,676,841 1955,129 2,781,186 1733,062 1478,147 5,248,951 1215,577 721,489 1258,855 984,917 5,451,508 4,882 Capital paid in 16,621 4,670 12,207 5,583 4,541 9.548 5.189 15,464 6,041 55,725 11,675 149,949 5,221 Surplus (Section 7) 4,9^6 11,044 5,236 4,085 58,001 22,925 5,615 11,160 5,725 15,670 14,767 160,411 2,121 1,000 Surplus (Section 15b) 1,507 530 1,157 1,429 26,329 7,070 5,244 1,007 717 2,874 4,393 6,768 4,066 Other capital accounts 5,492 4,050 4,105 4,483 15,894 5.817 5,716 26,742 92,570 8,715 6,719 CAPITAL ACCOUNTS 51,857,535 1896,410 8,824,579 1995,504 2,821,137 1007,071 1494,027 5 , 503,020 1229,809 732,716 1272,592 998,540 5,485,548 Commitments to foake industrial 5,000 — 5,211 advances 11,789 706 9 1,788 -521 838 10 — 1,598 — F*R.notes outstanding Collateral for F.R.notes held by F.R.agentsj Sold certificates Eligible paper U*S..Goiv, t securities 15,779,919 1115,673 3. 449,898 1003,682 1, 420,696 1038,810 15, 750,000 20,757 2, 247,590 996,000 2, 160,000 1,600 7,455 150,000 1 , 500,000 356,552 2 , 975,652 090,000 1 , 422,000 922,000 . 770,000 2 ,990,000 617 — 575 -~ 200,000 ~ 150,000 125,000 — 671,886 565,502 568,767 597,245 1,829,558 400,000 540,000 500,000 405,000 1,349,000 1,000 9,500 50 502,590 20,000 . j» d securities 6 months 9 I days to to 1 year 6 months maturity distribution of bills Total 21,519 11,217 B ills discounted In du strial advances S„ Government s e c u r itie s , d ire c t and guaranteed 9 , 204,065 Within 15 days 16 to 50 days 51 to 60 days 19,979 9,859 274 70 490 55 61 to 90 days 775" 55 1 , 452,626 1,055,760 2, 130,419 1,053,554 619 150,700 1 to 2 years 2 to 5 years 286 122 213 696,750 . 211,400 A fte r deducting $565,232,000 p a r tic ip a tio n s o f other Federal Reserve Banks, 690,671 Over 5 years 915.177 Fora F, R. 283aReleased fo r publication Friday morning, September 2ij., I9U3 S not e a r lie r. ST:*T£LiENT OF CCNDITIGM . OF THE T3IBLVE FEDSRAL- RESERVE B^KKS COHBINED ( In thousands of dollars) Increase or decrease sine e Sept. 22, 1903 Sept. 23, I9O2 Sept. 15, 1903 ASSETS Gold c e r t ific a te s on hand and due from U. S. Treasury Redemption fu n d'- F. R. notes Other cash Total reserves. 19, 915,217 129,865 333.502. 20,370, tëh B ills discounted» Secured by U.S. Gov’ t obligation s, d ire ct and guaranteed Other b i l l s discounted Total b i l l s discounted Industrial advances U. 3. Government se cu r itie s , d irect and guaranteed» Bonds Notos C o ftif i cates B ills Total U. 3, Government s e cu ritie s, d ire ct and guaranteed Total b i l l s and secu rities , . Due fron foreign banks F. R. notes o f other banks Uncollocted itens Bank premises Othjr assets TCT-Jj ASSETS' 21,519 + 1,502 '+ 770 '+ 13,937 , + 16,209 - mm mm 21,519 - 11,2 17 , 9,100 50" 9,190 136 + + 607,O06 115,222 100,935 - 031,209 + 13,990 1,571 12,023 + 3,021 1 , 529, 0^ £91,900 1 , 313,150 5,.660,9 67 -— ; -1*11,000 - 33,312 - 170,032 ♦ 21,535 + 371,900 +5,035,900 9 , 200,065 - 009,312 +5,805,997 9,236,301 - 1*50,692 _ 127 70,039 2,o60,4o6 33,535. 61,001 . + 17,502 - 306,410 10 16 +5,817,999; + 30 ♦ 05,316 + -315,203 1,771 + . 14,716 31,357,533 - 731,301 +6,26o,330 15,136,393 - 26,875 +0,676,110 12,436,796 503,610 1,232,235 429,040 -1,21*2,1*53 + 502,22-3 + 35,770 + 125,722 10,697,335 1,534,202 - 530,733 - 166,976 + 60Q, 512 + 63,309 + .. 260,652 + 109,555 +1,034,063. + 0 9 7 ,6 5 6 7.,Ol*0 31. I 27,77U .+ 305 - 732,279 + , 3,037: +6) 2 11,2 7 1 L I a BI L I T I S S * F. R. notes in actual, circu la tion Deposits: M^iiiber bark-reserve account U.S.Treasurer-general account Foreign Other Total deposits Deferred a v a ila b ilit y itens Other l i a b i l i t i e s including accrued dividends TOTAL LIABILITIES C .1 P I I .1 L « 0 C û ü îî I 8 Capital p^id in Surplus (S .c tio n 7) Surplus (S ection 13b) Other capital accounts TOTAL LIAâlLIÏIiS ÆD CAPITAL ÀCOOCIÏTS Ratio of tct-J. r.. s-rvos to deposit and F. ft. nel'-: i i a i i l i t i v s corranoci Com.iit v-uta tc :nak.:; industrial advances .109.909 160, 1*11 26,329 •9.2,570. . 31,357,533 63.39'® 11,739 + 602 ' + 216 >■ 731,3.-1 '+ O', 663 + 2,909 + 08 + 01,033 +6,260,330 + - 1.3$ 175 13*($> 1,103 Form »F. P.. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON „SEPTEMBER 22, 191*5 (In thousands of dollars) ASSETS Total* Boston New York P hila. Cleve. Rich. Atlanta Chicago St.Louis liinn. Kacs.Cy» Dallas Sail Fran. Gold c e r t ific a t e s on hand and •' due from U.S.Treasury 19, 9 15,217 1236,511+4,181,765 1197,711 1,926,583 125k,73k 10.07,220 3,872,150 724,765 1*80,561 890,71*5 651,876 2, 1*90,705 Redemption fund - F..K.notes 129,565 7,760 68,003 11,113 1 ,286 8,560 5,906 1,377 20,238 1,107 676 707 3 132 Other cash 335,51*2 * 33,201; . 80,1*50 21*,529 22,319 21*,850 15,502 ¿¿,333 11,51*5 3,1*01 16,361; 10,278 h l .olh Total reserves 20,373,621; 1277,1,78 1*,330,213 1233,153 1,950,180 1283,11*1* 1028,623 3, 917,915 B ills discounted: Secured by U.;S. Gov’ t ob lig a tion s; d ire c t and guaranteed 2 1,519 1,600 7 , 1*35 617 605 575 ~ — Other brills discounted — — — — Total b i l l s discounted 21 519 1 6q0 7,1*35 152 617 1*,1*1*5 Industrial advances 11,217 1,1*56 U. S. Government s e c u r itie s , d ire c t and guaranteed: Bonds l,529,O l£ 122,773 270,356 126,558 57,168 Notes 691,900 55,558 126,183 C e rtifica te s 1,318,150 105,345 21*0,595 108,914 B ills # ; 5. 661*,967 135,1*73 ;, 1*05,562 337,005 i!ota l U. S. Gov* t s e c u r itie s , • ‘ ‘ d ire ct ^nd guaranteed 9 , 204,065 1*19* 65k 1**050,996 629, 1*25 Total b i l l s and se cu rities Due from' foreign banks F.R. notes o f other banks Uncollected items Bank premises Other assets TOTaL ASSETS 9,236,301 1*22,712 1*, 058,583 651*, 1*35 < • 127 1 / 1*6 3 15 r 4 , 171 1,697 73,059 2,750 2,o61*,l*o6 107,552 599*1*82 111*, 093 2,681* 9,676 1*, 660 33,535 61,001 l*,2Gl* 12,205 l*,i*57 756,31*6 1*89,369 908,233 662,061 2,535,51*1 9,500 30 1,000 —r 127 30 9,500 —— 30 90 1,000 50 127 13 30 1*,000 203,896 98,870 33,205 9I*, 526 39*915 1*1*, 759 130,030 . 76,058 35,231* 602,191 103,533 103,551 * .* • 611*, 526. 357,1*26 512,637 1.035,633 51*391* 51,651 23,256 25,572 1*1*, 305 1*1*, 528 243,1H 69,523 • 362,066 183,079 75,522 51*, 034 61*,953 81,-050 76, 11*0 3l*,l*5b 65,639 76,313 173,038 73,323 149*213 291,654 255, 339253,046 69l*,278 615,625 533,320 571*566 138,999 .15 3,51*7 21*0,117 i*, 21*2 7,605 6' 5 10,110 7,337 163,760 139,636 2,966 1,667 5,350 •3;765 605 1*91* 575 519 — 209 1* 177,510 30,321* .153,026 203,666 312,896 ]l, 005,697 17 9*763 279,1*67 2,879 8,082 5 5*918 91,752 2,031 2,11*5 2 3,100 47,358 1,290 2,090 256,1*19 255,191 . 693,503 11 4 ’ 1* 6,51*7 9*1*09 5,59l* 95,552 71*, 71*6 250,886 2,61*1 2,755 99l* 6,052 3,052 5,150 31,057,533 1096, 1*10 3 , Q2ki3j9 1993,501* 2 , 321,137 1007,071 H*9k ,•027 732,716 1272,592 998, 31*0 43 , 1*85 , 61*8 • 5, 303,020 1229,309 • \/ After deducting $81,000 participations of other Federal Reserve Banks.