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Form F. P.. 283 STATEMENT FOR HIE PRESS Released for publication Friday morning, Sept. 5j not earlier, Board of Governors of the Federal Reserve System September 4, 1941 CONDITION OF THE FEDERAL RESERVE BA1IKS During the week ended September 3 member bank reserve balances decreased $114,000,000. Reductions in member bank reserves arose from increases of $135,000-000 in money in circulation and $22,000,000 in Treasury cash, and a de crease of $40,000,000 in Reserve Bank credit, offset in part by increases of $6,000,000 in gold stock and $2,000,000 in Treasury currency, and decreases of $64,000,000 in Treasury deposits Tdth Federal Reserve Banks and $10 ,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of nenber banks on September 3 were estimated to be approximately $4,860,000,000, a decrease of $130 ,000,000 for the week. Changes in nenber bank reserve balances and related items during the tvvek and the year ended September 3 , 1941, wore as follows« Increase or decrease since Sept. 3 , Ï941 Aug. 27, 1941 Sept, 4, 1940 (In millions of dollars) Bills discounted U. S. Government direct obligations U. S. Government guaranteed obligations Industrial advances (not including 13 million cormitncnts — September 3 ) Other Reserve Bank credit 12 2,179 $ — 6 + - 240 2 — + + 2 1 7 10 35 - 42 Total Reccrve Bank credit Gold stock Treasury currency 2,241 22,722. 3,180 - 4o + 6 + 2 249 +1 ,778 + 144 Member bank reserve balances Lioney in circulation Treasury cash Treasury deposits with F, R. Biinks Nonnember deposits and other F. R. accounts 12,384 10,034 2,400 708 2,118 -114 +135 + 22 - 64 - 10 640 +1,942 + 108 s>>o3 - <r■ + 347 — Form i1. E. 283"a Released for publication Friday morning, September 5, 1941; not earlier* STATELOTT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept, 3, Aug. 27, Sept. 4, 1941 1941. 1940 ASSETS Gold certificates on hand and due fron U. S. Treasury 500 20,299,032. +1,667,735 Redenption fund - F. R. notes + 3,748 15,146 265 Other cash “ ^£*752 86,861 231,95.1 Total reserves +1,584,622 - 39,517 20,550,131 Bills discounted» Secured by U. S. Gov’ t obligations, + 694 210 direct and guaranteed 2,197 + 10,222 Other bills discounted 6,191 + 2,249 Total bills discounted + 6,885 12,419 + 2,039 Industrial advances + 118 + 1,036 9,681 U. S. Government securities, direct and guaranteed» + 45,200 Bonds 1 ,363,800 - 294,700 Notes 82.0,300 Total U. S. Government securities, direct and guaranteed - 249,500 2,184,100 47 37,002 933,518 40,588 .51*364 + 2,157 — + 2,767 - 20,910 53 + 1,144 - 241,579 — + 15,701 + 269,949 719 — 9,866 23,818,850 - 54,412 +1,610,100 7,117,836 +110,910 +1,727,051 12,884,32.3 708,465 1,152,015 681,726 15,426,529 898,687 ' “113,332 - 63,609 684 - 8,197 -185,822 + 20,768 3,080 23,446,132 235 - 54,379 + 227 +1,605,690 140,970 157,065 26,785 47,898 23,818,850 + 61 - 54,412 + •3,3G4 + 5,345 54 + <-1 rv¡jlOv -i +1 ,Olu 91.256 12,872 + 1.156 56 + + Total bills and securities 2 ,206,200 Due fron foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS L I A B I L I T I E S F. R. notes in actual circulation Deposits: Member btmic - reserve account U. S. Treasurer - General account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS 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 Commitments to make industrial advances — 28 — + + + 639,53o 82,717 154,499 169,201 398,555 276,967 ±♦0/0 4,680 Form F. R. 28>-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 3 ,> 1941 (in thousands of dollars) ASSETS Total Boston New York Phila. Cleve,, Rich. Atlanta Chicago St.Louis: Minn. Kar.s.Cy.1 Dallas San Fran. Gold certificates on hand and due iron U.S. Treasury 20,299,032 1,145,589 8,500ÿ72ü 1,316,772 1,609,320 731,463 491,857 3,361,962 544,860 360,833 486,724 336,327 1,412,597 15,146 Redemption fund - F.R,notes 4,916 1,269 1,069 975 1,136 491 559 487 738 903 913 1,690 Other cash 33,476 11,061 10,778 13 ,366 5,3-2 24,866 55 ,761 21,770 9,7 65 20,721 235,953 13,033 15,169 Total reserves 20,550,131 1,172,275 Bills discounted! Secured by U. S. Gov’ t obligations, direct and guaranteed 2,197 Other bills discounted 10,222 8,557,392 1,333,010 1,624,133 742,364 513,069 3,396,707 559,139 366,774 498,272 347,8^3 1,439,153 — — 1,670 9,297 58 26 100 37 35 9 20 44 - 84 3,725 I37 26C 44 817 64 l6l — Ori 24 27 56 75 86 86 154 542 50 15 24 329 83 —« 161 458 94 831 696 298 65 164 Total bills discounted 12¿419 Industrial advances 9,681 / U. S . Government securities r> direct and guaranteed: Bonds 1 ,363,800 Notes 820,300 1,447 10,967 1,183 99,286 59,719 324,113 231,036 107,301 64,541 141,895 74,720 85,348 44,943 57,484 34,577 166,999 65,886 38,477 66,280 100,446 39,630 23,144 39,864 53,594 32,235 107,765 64,817 Total U. S. Gov’ t securities, direct and guaranteed 2,184,100 159,005 615,149 171,842 227,243 119,663 92,061 267,445 105,516 61,621 106,144 85,829 172,582 Total bills and securities 2,206,200 / / 160,452 Due from foreign banks F. R. notes of other banks Uncollected items Bunk premises Other assets 47 37,002 933,518 40,588 51,364 3 1,176 78,998 2,796 3,498 627,299 18 5,308 194,9/4 10,262 13,7,27 175,651 5 1,429 57,345 4,827 4,310 227,648 120,524 92,236 2 2. 4 2,648 1,695 10,950 120,712 89,330 43,680 4,488 2,740 1,963 2 ,168 5,762 3,044 267,798 105,599 62,240 107,069 86,823 * 6 1 1 1 3,016 710 2,321 1,993 2,713 133,147 56,054 25,642 43 ,749 36,598 2,997 2,294 1,348 2,916 1,166 6,036 2,389 1,481 2,469 2,005 172,811 4 3,043 53,319 2,791 A,475 TOTAL A S S E T S 23,818,850 1,419,198 9,408,950 1,576,577 1,984,44.2 968,954 655,816 3,809,707 727,797 459,478 657,189 475,146 1,675,596 *Less than 0500« Form F. R. 28>-c STATEMENT OF CONDITION OF THE JEDERAL RESERVE BANKS 015 SEPTEMBER 3, 19-41 (In thousands of dollars) L I A B ILIIISS Total Boston F. R. notes in actual cir— culation 7,117,836 595,136 Deposits: Llember bank-reserve acct. 12,884,323 630*932 U.S.Treasurer-General acct. 708,465 31,240 Foreign 55,489 1,152,015 Other deposits 681,726 7,295 Total deposits 15,426,529 724,956 Deferred availability items 39Q ¿37 73,170 Other liabilities including 5 accrued dividends 356 3,080 TOTAL LIABILITIES 23,440,132 1,393,618 C A P I T A L AC C O U N T S Capital paid in 9,351 140,970 10,906 Surplus (Section 7) 157,065 Surplus (Section 13b) 2,874 26,785 Other capital accounts 47,898 2,449 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Cleve. 1,858,150 495,115 676,726 352,741 237,498 1,507,956 265,266 180,359 236.713 114-958 597,218 6,048,717 187,862 445,793 568,998 937,599 439,098 294,284 1,842,156 322,849 168,790 297,330 251,300 867,519 90,403 20,703 25,174 100,081 31,414 46,392 37,007 29,536 25,579 104,477 48,832 39,747 136,274 34,0^9 0/ 32,933 86,329 32,933 8,008 5,710 2,407 5,465 760 26,091 27,734 6,621 7,813 990,912. 1,160,213 515,254 367,018 2,004,776 396,340 245,876 369,667 314,629 1,005,518 55,749 112,673 84,622 37,554 168,961 54,216 23,425 39,359 33,953 44,988 7,251,370 170,017 Rich. Atlanta !Chicago St,.Louis I.Iinn* Kans.Cy. Dallas San Fran. 783,759 82,174 110,155 -14,024 120 134 135 175 119 9,280,295 1,542,052 1,949,904 952,937 642,166 3,761,992 715,941 449,700 645,073 463,675 1,647,89« 758 276 292 320 96 299 51,698 56,447 7,070 13 5440 11,907 15,144 4,393 3,081 14,603 14,323 1,007 4 ,605 5,538 5,247 3,244 1,988 4,840 5,725 713 2,372 15,083 22,824 1,429 0,379 4,348 4,925 533 2,050 3,002 3,152 1,000 2,544 4,550 3,613 1,130 2,015 4,286 3,974 1,263 1,940 11,764 10,785 2,121 3,027 23,818,850 1,419,198 9,408,950 1,576,577 1,984,442 968,954 655,816 3,009,707 727,797 459,478 ¿57,109 475,146 1,675,596 Commitments to malee industrial advances 12,872 Bills discounted Industrial advances U. S. Government securities, direct and guaranteed Phila. Hew York 1,064 Total 12,419 9,681 2,184,100 Within 15 days 8,223 2,366 — 524 16 to 30 days 1,963 391 — 1,246 1,500 766 099 722 28 IIATURITY DISTRIBUTION OF BILLS AMD SZiCURITIES 1 Year 91 days to 6 months 31 to 61 to 6 months to 1 Year to 2 Years 60 days 90 days 2 99 957 1,175 1,498 l,66l 1,101 173 984 2,066 ------ — — 43,0<X) 84,000 238,700 Xv 2 Years to 5 Years 69 3,401 Over 5 Years — — 1,507 — 50/,000 1,233,600 Fcrc P. R. 283-d FEDERAL RESERVE IIOTE STATELIEST OK SEPTEMBER 3 , 1941 (in thousands of dollars) Total Boston lieu York KH O dcral Rcrervo notes* ssued to F,R,Bonk by F.R,Agent old by Federal Reserve Bank /V In actual circulation Phila. Cleve, Rich, Atlanta Cliicago St,Louis Minn, Kans.Cy. Dallas San Fran, 7 ,442,406 618,618 1,937,342 515,016 702,750 375,378 258,998 1,540,579 283,396 185,407 246,369 125,423 653,130 324,570 23,482 79,192 19,901 26,024 22,637 21,500 32,623 18,130 5,048 9,656 10?4o5 55,912 7,117,836 595,136 1,858,150 >495,115 676,726 352,741 237,498 1,507,956 265-266 180,359 236,713 114,950 597,218 Collateral held by agent as se curity for notes issued to bank 2 Gold certificates on hand and due f^on U, S. Treasury Eligible paper Total collateral 7,556,000 635,000 1,940,000 520,000 705,000 400,0i0 265,000 1,560,0Tj 299,000 189,000 250,000 129,0''C 664,000 11,253 — 10,882 64— 35 27 157 88 — 7,567,253 635,000 1,950,882 520,064- 705,000 400,035 265,000 1,560,000 799,027 189,157 250,088 129,000 664,000
@FedFRASER