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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, Sept. 6; not earlier. Board of Governors of the Federal Reserve System September 5 ? 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 4 member bank reserve balances increased $8,000,000. Additions to member bank reserves arose from a decrease of $22,000,000 in Treasury deposits with Federal Reserve Banks and increases of $73?000,000 in gold stock/$10,000,000 in Reserve Bank credit, and $2,000,000 in Treasury currency, offset in part by increases of $86,000,000 in money in circulation and $12,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of neriber banks on September 4 were estimated to be approximately $6,490,000,000, unchanged for the week. The item "Foreign'bank" deposits has been changed to "Foreign" deposits as the item now includes deposits of some foreign governments for m o m the Federal Reserve Bank of New York, as fiscal agent of the United States, has opened accounts. The principal change in holdings of bills and securities was a decrease of $8,000,000 in United States Government securities, direct and guaranteed; holdings of bonds decreased $1,000,000 and of notes $7,000,000. Changes in member bank reserve balances and related items during the v;eek and the year ended September 4, 1940, were as follows: Increase or decrease since Sept. 4, 1940 Aug. 28, 1940 Sept. 6, 1939 (In millions of dollars) Bills discounted Bills bought U. S. Qovft securities,direct and guaranteed Industrial advances(not including 8 million commitments - September 4) Other Reserve Bank credit 6 — + 2,434 9 42 2 - 8 - 1 160 + 16 + 3 12 — — Total Reserve Bank credit Gold stock Treasury currency 2,490 20,944 3,036 + 10 - 153 +4,218 + 128 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 13,524 8,092 2,292 791 1,771 + +2,383 + 831 + 28 + 115 + 836 + 73 + 2 8 + 86 + 1 22 + 12 - Form- FR-28>a Released for publication Friday morning, September 6, 1940; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Aug. 28, Sept. 6, 18,631,297 11,398 322,814 + 69,319 . 428 - 25*576 18,965,509 + 43,315 +4,179,076 + 2,754 + 15,033 +4,196,863 1,503 4,031 + + 274 1.412 — 5,534 + 1,686 - + 92 — 596 7,458 + Sept. 4, A S S E T S Gold certificates on hand and due fron U. S. Treasury Redemption fund - 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 Bills bought in open market Industrial advances U. S. Government securities, direct and guaranteedt Bonds Notes Bills Total U» S. Governnent securities. direct and guaranteed Total bills and securities Due fron foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets T O T A L A S S E T S — ~ 8,645 1,318,600 1,115,000 - - - - - - 464 546 2,982 - 297,381 123,573 334,620 160,812 - 2,433,600 - 8,054 - 2,447,779 47 21,221 663,569 41,307 61,230 22,200,662 - 6,276 - 409 + 26,985 57 + 1,039 + 65,415 43 421 164,804 130 2,079 76,626 + 855 2 +4,105,619 L I A B I L I T I E S F. R. notes in actual circulation Deposits? Member bank - reserve account U. S. Treasurer - General account Foreign Other deposits Total deposits Deferred availability, items Other liabilities including accrued dividends T O T A L L I A B I L I T I E S 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 AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances r s 5,390,785 13,523,861 791,182 997,516 512,525 15,825,084 621,720 2,853 21,840,442 137,586 151,720 26,839 44,075 22,200,662 r 1 ** + + 7,863 21,912 + 6,856* + 5,437* 1,756 10,696 + +2 ,383,253 + 115,627 + 600,333 + 221,277 +3,320,490 + 64,889 - 431 + 65,054 - + + - 4 - - 704 +4,091,744 + - + 357 + 65,415 2,090 2,568 425 9,642. + .+4,105,619 + 89.4$ - 8,192 707,069 46 *Aug. 28 figures revised. 3.5% 101 >,739 Form F. R. 28>-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 4, 1940 (In thousands of dollars) A S S E T S Total Boston New York Gold certificates on hand and due from U.S.Treasury 18,631,297 1,145,286 11,398 Redemption fund - F.R#notes 1,802 Other cash 322,814 29,581 9,144,389 1,280 85,6n 954,662 1,242,057 488,226 357,683 2,356,072 451.286 282,333 336,007 255.125 1,000 1,123 1,111 486 620 993 640 383 733 29,672 36,278 15,830 21,409 20,610 17,773 7,436 16,552 12,314 1,068,166 1,227 29 ,748 9,231,280 985,327 1,264,466 509,959 376,567 2,893*083 467,499 2.90,260 403,179 268,079 1,099,141 Total reserves 18,965,509 1,176,669 Bills discounted: Secured by II. S. Gov't obligations, direct and guaranteed 1*503 Other bills discounted 4,031 Total bills discounted 90 — Phila, Cleve. Rich. Atlanta 770 2,685 164 76 113 34 60 90 3,455 240 147 60 177 850 — 10 167 Chicago St.Louis Minn. Kans.Cy. Dallas 20 — — San Fran. 80 25 59 31 235 180 680 40 15 20 80 84 2.66 860 55 267 271 5 223 215 463 648 66,100 48,380 55,894 40,910 139,966 118,353 61,156 51,714 38,864 32,863 62,418 52,780 51,459 43,513 110,570 93,497 - — Industrial advances 8,645 U. S. Government securities, direct and guaranteed: Bonds 1,318,600 Notes 1,115,000 1,127 1,804 2,397 375 96,222 81,366 403,661 341,335 104,577 83,430 135,227 114,345 Total U.S. Gov't securities, direct and guaranteed 2,4^600 177,588 744,996 193,007 249,572 121,994 89,290 258,319 112,870 71,727 115,198 94,972 204,067 Total bills and securities 2^447,779 178,805 750,255 195,644 250,094 122,904 89,734 258,610 112,955 72,034 115,679 96,295 204,770 3 577 62,556 2,852 4,201 18 1,924 141,420 9,767 17,942 5 759 41,547 4,497 4,788 1 1 1,935 469 33,542 25,907 3,117 1,127 2,800 2,830 4 2,422 39,973 2,884 5,468 22,200,662 1,425,663 10,152,606 1,2.32,567 1,607,519 700,809 501,608 3,255,244 627,766 387,257 560,253 394,708 1,354,662 Due from foreign banks F* R. notes of other banks Uncollected items Bank premises Other assets T O T A L A S S E T S 47 21,221 663,569 41,307 61^230 4 1,843 78,835 5,449 6,828 2 2 2,149 3,112 58,911 28,985 2,494 2,005 2,166 3,427 *Less than §500. 6 2,714 91,237 3,345 6,249 1 1,578 40,651 2,393 2,689 * 1,739 20,005 1,377 1,842 Form F. R. 28>c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 4, 194) (In thousands of dollars) L I A B I L I T I E S Total Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Phila. 44),799 1,446,938 371,845 492,015 237,935 173,025 1,159,489 2.00,0C5 147,342 194,491 85,292 441,609 790,879 7,167,891 54,986 301,575 46,2.62 569,376 7,762 418,43.2 652,499 42,071 65,219 27,630 867,320 321,052 231,696 1,789,007 309,593 163,080 270,373 219,472 69,133 37,479 29,759 82,376 39,814 30,725 32,344 31,116 61,892 28,617 23,293 79,860 19,965 14,641 19,300 19,965 5,628 3,792 5,111 9,101 7,155 4,194 697 2,489 740,999 39,804 48,626 20,554 899,889 8,457,754 787,419 1,003,973 390,940 289,859 1,960,344 376,527 212,640 322,714 273,042 849,983 621,720 59,661 122,842 39,905 77,391 56,244 25,510 89,280 39,887 17,817 32,259 24,780 2,853 448 678 287 292 81 131 290 95 136 120 120 15,825,084 Deferred availability items Other liabilities including accrued dividends Rich. Atlanta New York F.R.notes in actual circulation 5,390,785 Deposits: Member bank-reserve acct.13,523,861 U.S.Treasurer-General acct. 791,182 Foreign -997,516 Other deposits 512,525 Total deposits Cleve. Boston 36,144 TOTAL LIABILITIES 21,840,442 1,400,797 10,02.8,212 1,199,456 1,573,671 685,200 /88,525 3,209,403 6l6,5l4 377,935 549,584 383,234 1,327,911 C A P I T A L A C C O U N T S Capital paid in 137,586 9,332 51,075 11,880 14,058 5,337 4,673 13,918 4,154 2,951 4,422 4,140 11,646 Surplus (Section 7) 151,720 10,405 53,326 14,198 14,323 5,247 5,725 22,824 4,709 3,152 3,613 3,974 10,22.4 Surplus (Section 13b) 26,839 2,874 7,109 4,393 1,007 3,246 713 1,429 538 1,001 1,142 1,266 2,121 Other capital accounts 44,075 2,255 12,884 2,640 4,460 1,779 1,972 7,670 1,851 2,218 1,492 2,094 2,760 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 22,200,662 1,425,663 10,152,606 1,232,567 1,607,519 700,809 501,608 3,255,244 627,766 387,257 560,253 394,708 1,354,662 Commitments to make industrial advances 8,192 2.60 740 1,034 1,108 699 510 15 369 52 3,257 144 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Industrial advances U. S. Government securities, direct and guaranteed 5,534 8,645 2,433,600 Within 15 days 3,806 1,596 16 to 30 days 323 209 31 to 60 days 686 163 61 to 90 days 449 25c 91 days to 6 months 6 months to 1 Year 268 955 2 1,356 92,500 234,100 1 Year to 2 Years 1,499 129,800 2 Years to 5 Years Over 5 Years 2,609 734,200 1,243,000 Forn F. R. 283~d FEDERAL RESERVE HOTS STATELIEST Oil SEPTEMBER 4, 1940 (in thousands of dollars) Total Federal Reserve notes: Issued to F. R, Bank by F.R.agent Held by Federal Reserve Bonk In actual circulation Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Ilinn. Kans.Cy. Dallas San Fran. 5,639,131 452,261 1,516,656 337,009 512,115 251,137 186,479 1,185,372 208,497 152,098 202,016 91,522, 493,969 248,346 11,462 69,718 15,164 20,100 13,202 13,454 25,883 8,492 4,756 7,525 6,230 52,360 5,390,785 440,799 1,446,938 371,845 4-92,015 237,935 173,025 1,159,489 200,005 147,342 194,491 85,292 441,609 Collateral held by agent as security for notes issued to bank* Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 5,739,500 460,000 1,535,000 390,000 515,000 275,000 190,000 1,200,000 219,000 152,500 205,000 94,000 50^,000 4,200 90 3,405 240 - 60 - - 80 67 258 - - 5,743,700 460,090 1,538,405 390,240 515,000 275,060 190,000 1,200,000 219,030 152,567 205,258 94,000 504,000
@FedFRASER