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Form F . R . 283 STATEMENT FOR THE PRESS Released for publication Friday m o r n i n g , September ii; not earlier. Board of Governors of the Federal Reserve System September 3* 19^2 CONDITION OF THE FEDERAL RESERVE BANKS During the w e e k ended September 2 member bank reserve balances decreased $108,000,000, Reductions in member bajjk reserves arose from an increase of $193,000,000 in m o n e y in circulation, offset in part b y increases of $17,000,000 in Reserve Bank credit, $9,000,000 in gold stock and $1^,000,000 in Treasury, currency and decreases of $30,000,000 in Treasury deposits with Federal Reserve Banks, $3,000,000 in Treasury cash and $22,000,000 in nonmember deposits and other Federal Reserve accounts., Excess reserves of member banks on September 2 were estimated to be approximately $2,260,000,000, a decrease of $80,000,000 for the w e e k . There was an increase of $ll|,000,000 in holdings of United States Government bonds and a decrease of $15,000,000 in b i l l s . A footnote has been appended to the New York figures of "Due from foreign banks" and "Deposits; foreign" to indicate the amount of participations of other Federal Reserve Banks in the accounts. Changes in member bank reserve balances and related items during the week and the year ended September 2 , 19^2, were as followsj Increase or decrease since Sept. 2 , A u g . 2 6 , Sept, 3* (In millions of dollars) Bills discounted U. S . Government direct obligations U . S . Government guaranteed obligations Industrial advances (not including 13 million commitments--September 2) Other Reserve Bank credit ,9 3,383 5 16 128 + - h 1 * 2 +11 3 +1,202* + + 6 Q3 Total Reserve Bank credit Gold stock Treasury currency 3,514a 22,756 3,31*1 • h +1,301 + 34 + 161 Member bank reserve balances M o n e y in circulation Treasury cash Treasury deposits w i t h F . R . Banks Nonmember deposits and other F . R . accounts 12,418 13,250 2,216 1JU6 1,609 -108 +193 - 3 - 30 - 22 - 466 +3,216 - 184 - 562 - 509 • 17 + 9 Form F . R . 28$c L I A B I L I T I E S Total ' F.R.notes in actual circulation 10,201,223 Deposits: Member bank-reserve a c c t . 12,417,620 U.S.Treasurer-general a c c t . 146,263 Foreign 9oO,752 Other 356,795 Total deposits 13,631,430 Deferred availability items 943,651 Other liabilities including accrued dividends 3,758 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital p a i d in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES A N D CAPITAL A C C O U N T S Commitments to make industrial advances F.R.notes o u t s t a n d i n g Collateral for F.R.notes held b y F . R . A g e n t s : Gold certificates Eligible paper Dallas S ^ n F r a n . 757,225 2 , 4 6 0 , 1 3 3 723,608 967,741 593,401 411,350 2 , 0 7 0 , 3 2 3 403,841 2 5 0 , 6 1 4 348,502 1 8 5 , 3 2 2 6 3 1 t l 4 l 4,914,242 •8,731 ,42,413 24,653 i/501,970 4.205 207,670 647,081 4,i49 72,422 10,765 963,017 14,619 09,404 52,635 4 9 0 , 6 0 5 392,04l 1,863,342 -376,653 211,007 4 3 6 , 4 2 6 3 6 0 , 6 7 1 1,131,394 10,624 3,751 17,527 10,767 11,124 7,853 12,771 v 1,934 33,193 26,404 92,036 2 2 , 6 3 2 16,597 21,377 21,877 57,681 9,614 2,767 3,074 1 1 , 2 5 2 7,830 6,984 5,420 34,529 668.730 5 , 6 6 6 , 3 0 1 79,444 197,095 734,417 1 , 0 9 9 , 6 7 5 60,632 116,570 5 4 4 , 0 3 6 4 2 4 , 9 6 3 1,975,979 421,304 246,608 4 7 3 , i 4 o 4oo,739 1 , 2 2 5 , 5 3 3 80,743 40,312 159,690 52,381 22,133 44,912 32,320 61,914 145,131 157,502 26,781 _ 50,840 9,438 10,949 2,874 2,682 53,473 56,651 7,070 14,317 11,773 15,171 4,393 3,362 14,340 14,346 i,0C7 4,986 5,836 5,236 3,244 2,110 5,149 5,725 713 2,409 15,997 22,925 1,429 8,800 4,508 4,966 530 2,092 3,065 3,152 1,000 2,665 4,692 3,613 1,137 2,173 4,447 3,976 1,263 2,020 1,024,163 204 2,311,819 11,963 10,792 2,121 3,144 2 5 , 4 1 5 , 3 6 6 1 , 5 3 1 , 9 0 6 8,455,824 1,553,597 2 , 2 1 9 , 4 9 2 1 , 2 3 9 , 9 5 8 890,950 4,255,489 890,239 5 2 9 , 3 5 8 878,498 6 3 0 , 2 5 6 2,339,859 13,053 750 351 1,444 613 1,219 142 332 1,018 — 1,082 — 6,102 10,613,404 739,143 2,559,217 10,771,500 5,675 800,000 2 , 5 8 5 , 0 0 0 765,000 1 , 0 1 0 , 0 0 0 650,000 450,000 2 , 1 2 0 , 0 0 0 ' 4 4 0 , 0 0 0 255,000" 570,000 2 1 2 , 5 0 0 1 , 1 1 4 , 0 0 0 1,100 4,195 535 — — -45 M A T U R I T Y DISTRIBUTION OF BILLS A N D SECURITIES 2 to 5 Over Within 16 to 31 to 6l to 91 days to 6 months 1 to 2 years 5 yet.rc years 15 days 30 days 60 days 90 days 6 months to 1 y o e r 106 6,691 1,003 949 647 3o3 1,560 2,4io 9,592 371 137 !&7 693 9,396 16,358 3,583,334 184,983 751,037 1,000,207 105,894 483,732 6 2 7 , 4 1 0 4 3 3 , 3 6 1 2 , 1 0 8 , 9 1 3 4 2 8 , 4 5 0 2 5 4 , 6 5 6 359,951 206,390 171,652 146,965 l / A f t e r deducting $458,055,000 participations of other Federal Reserve B a n k s . M i n n . Kh.ns.Cy. 327 229 346 117 121 329 169 564 784 241 327 2 5 , 0 3 5 , 0 6 2 1 , 5 0 5 , 9 6 3 8,324,313 1 , 5 1 8 , 8 9 8 2,184,313 1 , 2 2 3 , 5 1 2 8 7 6 , 8 5 4 4 , 2 0 6 , 3 3 8 878,143 5 1 9 , 4 7 6 866,883 6 1 8 , 5 5 0 Total Bills discounted Industrial advances U.t>.Government s e c u r i t i e s , direct and guaranteed STATEMENT OF CONDITION OF THE FEDERAL RESERVE B ^ m s UM OE.ri.iu.uoJM. <;, i ^ c (In thousands of dollars) Boston New York Phila. Cleve. Rich. A t l a n t a Chicago St.Louis 134,700 268,175 1,094,134 388,530 1,503,703 Form F , „ H . 283a Released for publication Friday m o r n i n g , S o p t . 4 , 19^-2; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDER.iL RESERVE B/1JKS COMBINED (In thousanas of dollars) A S S E T S Gold certificates on hand and due from U . S . Treasury Redemption f u n d — 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 Increase or decrease s ince Sept. 3 , Aug. 26, 1942 1941 Sopt. 2 , 19U2 20,562,125 13,101 223,116 +10,999 + 65 -16,922 + 263,093 2,045 7,837 20,803,314.2 - 5,858 + 253,211 6,605 2,791 + 2,280 + 1,699 + 4,408 7,431 9,396 16,358 + 3,979 + 2,177 3,023 6,677 Incustrial advances U . S . Government securities", direct and guaranteed: Bonds Notes Certificates Bills 1,664,003 728,105 340,973 655,253 + 13,720 Total U . S . Government securities, dxrect and guaranteed 3,388,334 437 +1,204,234 Total bills and securities 3,414,088 5,719 +1,207,888 Due from foreign banks F . R . notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 47 28,491 1,076,349 40,312 52,737 25,415,366 - 1,578 + 28,987 76 + 2,527 + 29,721 8,511 142,831 ' 276 + 1,373 +1,596,516 F . R . notes in actual circulation Deposits: Member bank--reserve account U . S , T r e a s u r e r — g e n e r a l account Fo reign Other 10,201,223 +170,232 +3,083,387 12,417,620 146,263 960,752 356,795 -103,798 - 29,692 + 53,112 - 73,244 - Total deposits 13,881,4.30 -158,622 943,651 + 13,329 -1,545,099 + .49,964 3,758 377 25,035,062 + 29,612 +1,588,930 + 19 + + 90 + — — - 14,157 + + + + 300,203 92,195 340,973 655,253 + L I A B I L I T I E S 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 Capital paid in Surplus (Section 7) Surplus (Section 13B) Other capital accounts TOTAL LIABILITIES A N D CAPITAL ACCOUNTS Ratio'of total reserves to deposit and F . R . note liabilities combined Commitments to make industrial advances 145,131 157,502 26,781 50,840 25,415,366 - - - + ' + 29,721 86.b% 13,053 + - — 3,667 466,703 562,202 191,263 324,931 678 4,211 437 4 2,942 +1,596,516 + k.8% 181 Form F . R . 2 8 3 b , A S S E T S STATEMENT OF CONDITION O F THE FEDERAL RESERVE. BANKS ON (In thousands of dollars) Total Boston New Y o r k Phila. Cleve. Rich. Atlanta OCTOBER 21, 19^2 Chicago St.Louis Minn. Kansas»Cy.Dallas San F r a n . Gold certificates on hand and due from U.S.Treasury 2 0 , 5 6 2 , 1 2 5 1,164,790 7,180,563 1,205,016 1,751,043 Redemption f u n d — F . R . n o t e s 13,101 2',265 1,324 4ll 410 Other cash 228,116 20,413 54,236 12,538 14.915 • 922,091 677,457 3 , 6 0 3 , 8 3 2 6 5 1 , 0 0 5 400,984 659,717 4 4 3 , 6 0 0 ' 1 , 9 0 2 , 0 2 7 1,716 361 1,362 573 79 671 630 3,299 2 12.875 14.262 36,672 13,067 6,039 9, 59 22,9ft), 20,803,342 1,187,468 7 , 2 3 6 , 1 2 3 1 , 2 1 7 , 9 6 5 1 , 7 6 6 , 3 6 8 936,682 692,080 3,641,866 664,645 4 0 7 , 1 0 2 669,647 455,086 1 , 9 2 8 , 3 1 0 Total reserves Bills discounted: Secured by U.t>.Gov't o b l i g a t i o n s , direct' and guaranteed 6*605 Other bills aiscounted 2*791 Total bills discounted 1,100 3,995 1,263 335 240 50 249 — — — 110 88 3.05 45 — — 55 j . 72 1,080' 1JUL. — 190. 9,596 1,100 5,258 575 299 110 88 305 120 55 72 1,224 190 Industrial advances 16*358 U,S^Government s e c u r i t i e s , direct and guaranteed: Bonds 1*-66U*003 Notes 728rl05 Certificates 3Uo,973 Bills 655,253 f Total U.v>#Gov t securities 9 direct^and guaranteed 3,388,334 1,156 621 5,266 655 829 824 230 14 429 2,152 139 4,043 118,544 51,732 24,250 46,514 463,180 20?,672 94,931 182,048 123,416 54•004 2 5 >-289 48,507 155,078 67,856 31,777 60,952 100,880 44,-142 20,672 39,650 71,980 31,493 14,750 28,526 213,167 93,276 43,680 83,783 82,899 36,273 16,987 33,582 44,605 19,518 9,140 17,532 73,426 32,127 15,046 28,859 64,390 28,174 13,194 25,308 152,638 66,788 31,277 59,992 240,890 942,811 251,216 • 315*663 205,344.146,749 . 433,906 169,741 9 0 , 7 9 5 149,458 1 3 1 . 0 6 6 310,695 Total bi-lls and securities 3,414,088 243,146 257,057 316,617 206,283 147,661 9 1 , 2 7 9 151,682 132', 429- "314,928 Due from foreign banks R.notes of other banks Uncollected items Bank premises Other assets 47 28,491 1,076,349 4'0,312 52,737 3 1,098 93,9-4 2 /ho 3 >337 948,690 _ / l/l8 2,714 243,979 10,360 . 13,9.40 TOTAL ASSETS 5 1/483 68.353 4-823 3,911 4 1,752 124,814 4,364 5*573.. 434,441 169,875 * 2 2 1 1 6 . 2,669 3,108 l,6l;0 1,344 2,937 2,877 166,546 49,454 26,824 49,07.6 87,915 44,075 2,825 3,068 2,940 •1,950 2,124 1,319 * 2 22_5 " 6,"582 2,390 2,3i9_ .. 2*500 . _ .1»k2P_ t l 1,809 37,833 1,083 2,015 4 5,060 83,566 2,716 5,255 2 5 , 4 1 5 , 3 6 6 1,531,906 8,455,824 1,553,597 2 , 2 1 9 , 4 9 2 1 , 2 3 9 , 9 3 8 890,930 4,255,489 890,239 529,358' 878,498 6 3 0 , 2 5 6 2 , 3 3 9 , 8 3 9 *Less than $ 5 0 0 . l/iifter deducting $29,G0Q participations of other Federal Reserve Banks
@FedFRASER