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Form,F. R. 283 STa TEMM'T. FOR THE PRESS Released f o r p u b lica tio n Friday morning, October .1; not e a r lie r . Board o f Governors of! the Federal Reserve Syste September 30, I9k3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 29 member bank reserve balances decreased $1*33,000 ,•000.“ Reduciii&ns in meft.b^i* bank rc-s^erv'fes arose from decreases o f. $171*,000,000 in Reserve Bank credit and-$30,000,000 in gold stock and increases $10l*,000,000 in money in circulation, $133,000,000 in Treasury deposits with Federal Reserve Banks and $8,000,000 in Treasury cash, offset in part by a decre of $ll*,000,000 in iipnm^mber deposits, and other Federal Reserve .accounts and an increase of $2,000,000 in Treasury currency. Excess reserves of member bariks on September 29 were estimated to be approximately $1,810,000,000, a decrease of $80,000,000 for the week. There was a decrease of $36,000,000 in holdings of. United States Govemme securities. B ills decreased..$65^000*000 and notes $2,000,000, while certificate increased $29 , 000,000 aiid bonds $2 , 000, 000. Changes in member bank reserve balances and related items during the week and the yoar ended September ¿9 , 191*3» were' as follows« Inci’ease or decrease since . Sept. 29 , . I9k3 Sept. 22, ■ I9u3' Sept. 30, 19^2 (In millions of dollars) B ills discounted 13 U. S. Government direct obligations 9.135 U, S, Government guaranteed obligations 33 Industrial advances (not including- 11 m illi on commitments - September 29 ) 12 Other Reserve Bank credit' 350 Totfil. Reserve Bank credit Gold stock Treasury currency 9.5k3 22,175 ¿*,096 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F, R.. Banks Nonmeiaber deposits and other F.R.accounts 12 , 05k 18,818 2:, 271* ' 682 1,986 - 9 36 mm mm + 1 *• 130 + + + - • + 5 +5,573 + 28 ♦ 3 166 17k 30 2 +5» 769 ■- 579 + 7k3 k33 loi* + k62 +5,115 52 + 21 + 283 8 133 lk STATEMENT OF CONDITION OF THE FEDERAL' RESERVE BANKS ON SEPTEMBER 29, 19U3. (In thousands o f d o lla rs) . . . Minn. Kans.Cy, Dallas San.Fran. Boston. New York Phila,. Cleve. 1 Rich. Atlanta Chicago St.Louis Form F.. R. 283c L ;I A B I L. I T I B S Total F. it. notes in actua 1 s ir • • culation 15,?k3>ko2 lo60i 862. 3, 3k8,l;62 1051,k2k Deposits: •■ . Metober bank-reserve acct. 12*05k,k08 596*702 1; , 036,139 610,621 35,041 162,226 U.S*Treasurer-general acct. 681,95k 51,319 -----— ------------------foreign . ; 1,207,851; " 28,397 1/^52,081; 103,915 Other Total deposits * 33k,963 665,067 5,061,211 775,630 Deferred a v a ila b ilit y i 81,219 480,693 111,555 261,353 Other l i a b i l i t i e s inclui accrued dividends ' 2,386 • 8,535 659 1,033 total Lia b il it ie s 117,593 1838,lk3 8,673,412 1909,306 C apital;paid in lk9,930 55,726 9,5k8 11,678 Surplus (s e c tio n 7) 11,160 58,001 160,411 15,670 Surplus. (Section 13b) ‘215,029 7,;070 2,87k k,393 Other ¿¿p it-1 accounts 6 ,7k8 26,913 93,099 : 5>7é9 TOTa L LIABILITIES AND ' CAPITAL ACCOUNTS 31, ^ 7.9 12 1867,491; 8, 821,122 I9k7,795 Commitments to make in d u strial advances l l ,k 6 l 706 9 1,693 r t ~ 9 FvR.notes outstanding C olla teral fo r F.-R.notes held by F*It.Agents: Gold c e r t ific a t e s E lig ib le paper U»S.Govf t s e cu r itie s ... y > 1 \ 1 , 372,690 1015,620 * 939, k75 51k,k70 55,728 k8,723 -100,631; -- — --------47,035 -j l ,l l l , 6 k 8 166,271* 836, 1 1 6 2 , 896,606 k7k,153 1 , 870,797 •403»037 270,064 30,461 67,700 52,k97 30,170 ----------------- 21;,065 38,285 133,149• 33,332 ■ •V , 620,73k 108,k96 62*5,992 356,579 ' 553,013 373, 514!; 1 ,73 2 , 4.91; ■‘•■‘■‘ 4 J t H w ..........„ £ + . » ______ 3 - U o S J ............. .......... ... .. 56k, 013 2,077,35k ' 503,910 33k,i81 226,610 6k,.007 28,870 79,555 611,386 55fr, 350 l,50k,979 232,811 71,10k *502 312 2kk _k?l 307 205 ... !*378 557 731 2,651,-169 I7k5,l57 lk 79,996 5, 201,301 121k,153 719,835 1236,881 977,535 3 ,k70, 705 16,622 15,k 66 6,053 k,670 12,207 k,38k k ,5k l 3,189 5,391 3,221 5,236 k , 966 22,925 l k , 767 k,083 ll.o k k 3,613 5,725 2,121 1,429 1,000 530 1,007 3,214 717 1,137 1,307 ......_6i 292 lk ,092 .3,821 k,076 k,058 8,731 k,k95 • k,097 J..107 .............................. . 2, 691,lk o 1761;,190 11*95,887 5, 256,369 1228,416 731,066 1250,591 990,973 3,502,869 488 838 . r- — 1 . 1*38 —* 3, 000' " — '■ ; 3^89 15, 846,587 1112,201 3,465,185 1088-,730 1 , 1|2 1 , 2 U* 1051,230 831;,100 2*975,300 679,585 361;, 661 573,367 k05, 9kl 1 , 825,073 13, 971;,000 996,000 2, 410,000 -11,963 . 900 6, 11*1 2, 079, 320- 150,000 1 , 100,000 770,000 2 ,990,000 — — . 125,000 — * 425,000 3k8,ooo 3,525 284,320 20,-000 . . 580,000 k i6 ,ooo i , 8k9 ,ooo Total Within 15 days 81*5,000 1 , 1*23,000 . 662 — 250,000 — 922,000 735 150,000 MATURITY DISTRIBUTION OF. BILLS AND SECURITIES 6 months 9 I days to 61 to: 16 to 31 to to 1 year 6 months 90 days 60 days 30 days B ills discounted 301 36k 795 12,995 11,535 Industrial advances 307 * 611 730 9,81h 67 37 11,965 U.-.S. Government s e c u r it ie s , 720,850 , 153,200 1,107,551 2,30k,9k2 1,676,638 d ire c t and guaranteed 9*168,459 1,330,030 l / A f t e r deducting $65k,290,000 p a r tic ip a tio n s o f other-F ederal Reserve Banks. . 51+5,269 1*66,862 1 , 326,019 32,172 ■ 5(3 065 57,86k . . 628. 32'315 w 30, 33,215 1 to 2 years •l e k — 2 to 5 years " 1*15 ’ 2 1 1 , koo.. 709,671 Ovor 5 years -9 13 ,17 7 Form F; R. 28 3& Released for publication Fr.iday morning, October .1,'191+3, e a r lie r. STATEMENT OF CONDITION . OF THE TWELVE FEDERAL RESERVE &iNKS COMBINED ( In thousands o f d olla rs) Increase or decrease since Sept. 22, l#+3 Sept. 29, 191*3 . Sept. 30, • 191*2 A SSEIS Gold c e r t ific a te s on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves B ills discounted} Secured by U.S.Gov’ t obligation s, d ire ct and guaranteed Othor b i l l s discounted Total b i l l s discountod Industrial advances U.S. Government s e cu ritie s, d ire ct and guaranteedj Bonds * Notes C ertifica tes .Bills Tota'l U. S. Government securities, d ire ct and guaranteed 19,881,7Ui 130,759 331,518 -33.503 + 89!* : - 2, 021* 20; 3U3.991 - 3l+. 633 , 12,995 — - 8, 521+ -- + 9.309 1+.018 • 12,995 - 8, 52)+ * 5,291 11.965 + - 679.911+ + 116, 1*27 + 99,‘Dl+k - 1*6!+, 1+1+3 71+8 3,265 • Total b i l l s and. secu rities 1 . 531. 01*8 689,900 1.31+7.250 ' 5. 600;261 + '2,000 - 2,000 +29,100 ’ -61*,706 9 , 168,1+59 -35» 0O6 9,193,1*19 127 78,1+15 1 , 830, 21*9 38,1*39 63,222 Due fcom’ foreign banks F, R. ijot*es o f other banks Uncollected items Bank preriisos Other assots TOT-vL ASSETS - 185,687 15 +. 81*3,1+05 +1+, 91+3.1+65 +5, 601,168 - 1+3,382 /• +5. 603, 19!* __ + 80 :+ 1*6,916 + 376 + 595,850 -231+, 157 .1+6 .1,71+7 + 2,221 + 13,906 31,51+7,912 -309,621 +5,793,756 15, 21*3,’1*02 +105,009 +1+, 585,090 12,054 »1*08 661,951+ • 1,207,851+ 1*1*0, ik l 11*. 381*,963 1 , 1*80,693 -1+32,383 +133,3Uo - 21*, 1*31 + 11,107 -312,372 + 1*62,191 + 21,219 + 261,120 19,708 + 721*, 822 -103,509 + 1*30,11*3 0,535 31,117.593 + 69I -310,181 + i+,092 +5,71+1+, ll+7 11+9.980 160,111’ 26,629 - . 93.099 31,51+7,912 + 31 + ¿+,696 + 2,909 + 1+8 .+ 1+1,956 +5,793,756 L I A B I L I T I E S F. R. notes in actual circu la tion Deposits» Member bank-reserve account U. S. Tre ur er » gone,r al ac c ount Foreign Other Total deposits Deferred a v a ila b ility items Other l i a b i l i t i e s including accrued dividends TOT.iL LIABILITIES c a p i t a l a c c o u n t .s Capital paid in Surplus (S ection 7) Surplus (S ection 13b) Oth'^r cap ita l accounts TOTaL LIABILITIES, AMD CAPITAL ACCOUNTS R<«tio of to ta l reserves to deposit ■ and F, R. r.ote l i a b i l i t i e s combined ^omitiaents to make in du strial advances ' . 68.1% 11; 1*61 ■ m mm — +' 529 - 309,621 + - ,k% • 328 - 1 6 .# 726 Form F, R. 285b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 29 , 194? ( In thousands o f d o lla r s ) ASSETS Total .Boston New York Phila. Cleve.. Rich. Atlanta Chicago St.Louis Gold certificates on hand and due from U.S.Treasury 19,881,711* 1216,999 4,313,968 1168,565 1,334,1+26 121*8,081 1031,210 5*799*517 Redemption fund - F.R.notes 130,759 7,675 67,728 13,470 1,189 ' 7,582 6,808 1,261 Uthsr cash 331,518 33,532 80,093 . 25,403 22,027 25,369 17,784 44,631 Total_£eserves 20,343,991 1258, 2o6 4,461,789 I207i438 1857,642 1279,032 1055,802 3,845,209 Bills discounted» Secured by U.S. Gov*t obligations," direct and guaranteed 662 900 500 12,995 6,141 205. 735 275 Other b ills discounted Total b ills discounted Industrial advances U. S. Government^ securiti direct and guaranteed: Bonds Notes Certificates Bills 12,995 11,965 », Total b ills and securities Due from foreign banks F.R. notes of other banks Uncollected items B^nk premises Other assets TOTAL ASSETS •6,141 152 662 4,516 205 628 735 293 275 242 500 4 209,542 94,421 134,390 638,621 764,688 495,445 20,196 1,095 H ,6 l7 8,009 883,641 649,825 2,475,549 651 677 2,427 16,303 10.56? 58,137 796,501 504,549 900,595 661, 0 6 52, 516,163 5,525 - - . 5s 77 30 52 18 51*227 51*786 25,085 25,555 45*076 45,571 221 , 992. 59,435 75,447 35,997 66,589 84,552 5,525 777" '4,547 ( 123,070 277,580 55,456 124,989 108,295 244,080 148,554 3,306,471 126,551. 178,070 80, 24o 57,015 H i,5 4 i 156,695 531,081 204;B93 99,168 44,686 87,262 109,624 88,535 59,917 77,950 125,629 76,445 54,447 67,266 81*917 175,797 78*514 152,955 289,492 435,375' 3,952,920 625,968 619,398 540,740 550,'*081 1,126,974 . 541,578* . 180, 1 2 7 * 260,385 260,075 ¿4>553 9,193,419 437,755 3,959,215 1/ 46 127 ■ 51,652 IT, 343 73,415 365,999 1,830,249 162,826 2,680 9*676 38,489 63,222 4,414 12,556 631,146 620,731 541,768 1,531,048 689,900 1,347,250 5, 600,261 SS, direct and guaranteed 900 1,458 Minn. Kans.Cy. Dallas San Fran. . ■ 9,168,459 13 2,769 96,813 4,648 4,963 .13 3,574 197,034 4,242 7,354 550,598,1,127,478 544,903' 180,204 260,4l’5 260,145 699*085» . , 2 ■ 6 11 17 35 4 4 5,740 • 2,386 • 6,528 ' 10,255 12,105 10;275 6,587 2,727 126,215 . 97,849 262,118 76,967 77,100 62,771 265,972 40,530 1,288 2 , 076' 2.958 1,664 2,875 2,755 2,655 994 8,421 2,226 6,900 3.958 2 ,1 0 7 ’ 3,441 5,267 3,155 31,547,912 1867,494 0,321,122; 1947,795 2,£9 1 , 11*0 176^190 1495*837 5, 256,369 1220,4.16 731,066' 1250,591 990,573 3*50^,869 l/'After deducting $31,000 participations of^ other Federal Reserve Banks*
@FedFRASER