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Form F. R. 2d3 STATEMENT FOR THE PRESS Released for publication Saturday morning, Feb, Ik; not earlier. Board of Governors of the Federal Reserve System February 13, I9k2 COKDITIdT .F THE FEDERAL RESERVE BAFKS During the week ended February 11 member bank reserve balances increased $5^,000,00u. Additions to member bank reserves arose from decreases of £57,000,000 in Treasury deposits v\,itn Federal Reserve Barnes, $7,000,000 in Treasury cash, and $5^,000,000 in nonmember deposits and other Federal Reserve accounts, and increases of $15,000,000 in Reserve Bank credit, $3,000,000 in gold stock, and ?4,000,000 in Treasury curiency, offset in part by an increase of $08,000,000 in money in circulation. Excess reserves of member banks on February 11 were estimatec to be approximately $3*3^0,0u0,000, an increase of $30,000,000 for thu week. Changes in member bank reserve balances and related items during the week and the year end^d February 11, 19^2, were as follows: Increase or decrease since Fob. 11, 1942 Feb. .4, 1942 Feb. 12, 1941 (In millions of dollars) 3 - (V ro vO Bills discounted U. S. Government direct obligations U. S. Government guaranteed obligations Industrial advances (not including 15 million commitments - February 11) Other Reserve Bank credit -- k ? 77 + 16 Total Reserve Bank credit Oold stoc.c Jrjasury currency 2,331 22,7U 3,263 + 15 3 k wnb^r bank reserve balances 'loniy in circulation Treasury cash .>~j.sury deposits with F. R. Banks "icmaember deposits and other F. R. accounts 12,905 11,319 + + + - 319 1,598 - - - 1 ... 56 88 7 57 53 - 60 1 + + 1 11 + + 71 oil I03 + 9 66 - - - 18 303 522 Fcrm F. R. 283-a Released for publication Saburdayuorning, February 1J*, 1942; riot earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Fob. 11, 1942 F~b. 12, 1941 Feb# 4, 1942 A S S E T S Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Bills discounted* Secured by U# S. Gov't obligations, direct and guaranteed Other bills discounted -Total bills .. discounted , 2o,52y#i?18 12,737 342,320 - 20,884,575 + + 2,377 715 • 3,p92 • 8,001 1,077 7,851 1,227 - + + - 626,737 5,139 2,891 + 626,985 629 + 17 046 + + 515 35 548 124 + 1,000 Industrial advances U. S. Government securities, direct and guaranteed: Bonds Notes 1,550,155 692,^00 — + — - Total U. S« Government securities direct and guaranteed 2,242,655 — + 58,555 Total bills and securities 2,254,624 Due from foreign banks F. R* notes of other banks Uncollected items Bank premises Other assets T O T A L A S S E T S 8,877 - 265,555 207,000 - 770 + 6o,1U3 • 4,859 70,01$ 8 1,312 + - 1,610 144,377 722 2,9H 831,386- 47 27,920 938 ,u44 40,718 48,456 - + + + 24,194,784 -73,097 + 8,422,164 + 70,522 +2,490,700 L I A B I L I T I E S F. R. notes in actual circulation Deposits* llember bank - reserve account U.S»Treasurer - General account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends 861,525 ^,421 - - 56,471 57,729 1,062 - 55,728 - - 58, t>48 -1,796,905 - 85,809 133,747 - 768 + - 73,167 - - 965,414 303,955 483,105 44,431 289 + •f 827,831 A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTaL LIABILITIES AM) CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R* note liabilities combined Commitments to make industrial advances 14,533,3^2 23,820,572 TOTAL LIABILITIES C A P I T A L 12,905,279 318^516 680,744 6^8,823 143,040 157,502 + 117 — - 46,88^ - 47 24,194,784 - 73,097 91 • 0% 14,690 + — + 3,526 437 4 404 + — 26,781 + 831,386 — 558 + 9,563 Form F* R* 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 11, 1942 (In thousands of dollars) A S S E T S Totul Boston New York Phila. Clove, Rich* Atlanta Chicago St.Louis aonn. Kans.Cy. Dallas San Fran, Gold certificates on hand and due from U. S. Treasury 20,529,518 1,205,874 8,157,210 1,188,722 1,626,569 * 800,627 558,81c 3,415,862 £>30,358 370,516 567,713 392,81,5 I,ol4,4o6 Redemption fund - F.R.notes 12,737 3,820 814 443 543 1,579 686 1,067 535 344 661 501 1,11*4 Other cash 342,320 38,516 66,952 25,858 30,977 16,363 22,781* 55,513 19,496 6,315 15,190 ill,190 30,166 Total reserves 20.88l*,575 1,21*8,210 8,221^976 1,215,023 1,658,089 Bills discounted: Secured by U. S. Gov't obligations. direct and guaranteed ^,377 Other bills discounted 715 200 — 1,216 30 751 50 25 87 313,569 582,286 3,1*73,01*2 650,389 377,175 583,561* 1*07,536 1,61*5,716 — — — 25 58 1*5 1*03 25 87 90 — 83 1*1*8 112 90 508 85 21*6 120 188,619 73,232 8I1,276 32,71!* 1*6,801* 20,907 70,866 31,656 60,1*05 26,986 133,930 59,830 193,760 — 3.092 200 1,21*6 801 112 Industrial advances 8,877 IJ. S.Government securities, direct and guaranteed: Bonds 1,550,155 Notes 692,500 1,302 1,097 3,582 231 lll*,0ol* 50,956 1*27,857 191,137 122,591 511,677 153,313 o8,l*90 Total U. S. Gov't securities, dirocfc and guaranteed 2,2l*2,o55 165,020 618,991* 177,068 221,803 13U,120 95,395 272,925 105,91+6 67,7H 102,522 67,391 Total bills and securities 166,522 621,337 181,1*51 222,196 131*, 880 95,907 273,301* 105,951 68,302 103,055 87,71*9 * 252* 21,512 1,336 1,1+65 1 711 37,291* 1,133 1,326 Total bills discounted 2,251*, 621* Due from foreign banks F. R. notes of other banks Uncollected items Bank promises 0th^r assets TOTAL A S S E T S 1*7 27,920 938,1*1*1* 1*0,',18 1*8,1*56 3 776 81*, 707 2,773 3,u33 18 2,600 205,731 10,1*89 13,292 5 1,257 00,839 U.855 3,791 1* 2,181 122,528 h,h29 5,222 — — 760 512 92,705 o5,939 hi,hi 5 29,1*56 2 2 6,£*S0 W-91 76,1*87 1*3,119 3,016 1,9'-. 5 3,067 i,97o ' 379 / 5 l 0 2,701 1,939 11*2,318 43,o73 2,150 2,965 120 5,599 1 1,561; 37,5^0 2,367 2,129 k 2,966 56,536 2,760 4,542 24,1^4,784 1,506,424 9,078,443 1,473,221 2,oi4,b49 1,042,501 729,720 3,8,9,935 006,423 470,044 730,080 536,250 1,906,494 *Less than $500, Form F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAH Kb UN FEBRUARY 11, 1942 (In thousands of dollars) L I A B I L I T I E S Total F- R. notes in actual circulation 8,422,164 Deposits; iviember bank-reserve acct. 12,905,279 U.S.Ireasurer-Jeneral acct. 318,516 Foreign 680,744 ^ther deposits 628,823 Total deposits 14,533,362 Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section ljb) other capital a;counts 861,625 Dallas San Fran. New York Phila. Cleve. Rich. Atlanta 689,291 2,149,835 595,629 801,226 433,231 286,703 136,887 737,113 637,343 5,817,834 27,825 52,901 267,080 26,145 19,798 482,945 654,734 34,89? 64,693 19,520 958,978 27,820 61,997 16,029 470,592 342,502 12,703 20,315 29,651 23,586 5,4oo 3,351 310,P70 40,231 lJ,, 102 l6,07o 28,578 2 0 , 9 1 1 82,214 20,217 14,325 19,543 19,543 3,070 14,404 10,513 2,602 2,349 975,555 22,155 711.111 6,620,760 773,8961,065,424 Boston 79,902 3,1*21 51,250 48*176 518,412 389,754 1,943.387 421,8^0 227,318 410^941 353,373 1,097,136 178,354 08,986 112,993 74,305 39,3°6 648 302 344 327 175 131,850 41,842 487 106 18,402 36,990 34,337 44,298 127 123 134 178 23,820,572 1,480,774 8,949,597 1,438,813 1,979,987 1,026,325 715,998 3,851,451 794,563 4oo,333 719,275 524,731 1,878,725 143,040 157,502 26,781 46,889 9,403 10,949 2,874 2,424 52,222 56,651 7,070 12,903 11,654 15,171 4,323 2,990 14,756 14,346 1,007 4,551 5,745 5,236 3,244 1,951 4,925 5,725 713 2,359 15,741 22,925 1,429 8,389 4,451 4,966 530 1,913 3,037 3,152 1,000 2,522 4,629 3,013 1,137 2,026 4,387 3,976 1,263 1,393 11,888 10,792 2,121 2,968 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,194.7841,506,424 9,-078,443 1,473,221 2,014,649 1,042,501 729,7203,899,935 805,423 470,044 730,680 536,250 I,;O6,494 Commitments to make industrial advances 135 366 2,781 1,072 1,471 1,664 1,774 1,100 23 1,500 14,690 2,804 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted 3,092 Industrial advances 8,877 U. o. Government securities, airect ana ^u^ranteed 2,242,655 Within 15 days 16 to 30 days 2,463 2,495 407 16 31 "fcc oO days 176 153 6l to 90 days 274 392 91 days to 6 months 136 1,475 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years ^ver 5 Years 27 1,578 1,342 247,200 477,^00 1,035 97,000 1,421,455 Form F.R.clfj-j-B. FiSDEkivL k ^ i R V E I3CTE SIaT-UKI ON PSiikuARY 11, 19u2 (In thousands of dollars) Total rioston New York Federal Reserve notes: Issued to F.R.Baruc by F.R.Agent Held by Federal Reserve Ban:c In actual circulation Phila. Cleve. Rich. Atlanta Chicago St.i_ouis Lin::. Kans.Cy., Dallas San Fran. 8,812,97^ 712,335 2,2?0,0k2 615,133 835,kOo 469,576 508,1*71 1,812,61*9 3k8,u80 220,258 279,955 151,138 809,907 390,80b. a3,Gkk 100,^07 19,52k 3k,130 36,297 21,766 ^6,^22 17,315 5,772 8,73k lk,251 72,79k 8,k22,lok 689,291 2,lk9,835 595,629 801,226 1*33,281 286,703 1,775,727 530,7°5 21k,k86 271,, 21 136,087 737,113 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. o. Treasury eligible paper Total collateral 6,952,000 720,000 2,270,000 ok0,0u0 31*0,OJO k85,000 315,000 1,81*0,000 560,000 222, 0O0 285,^00 156,000 819,000 8 2,717 20J l,2k7 751 ~ ~ ~ ~ " 3 k36 — 8,95k,717 720,200 2 , 2 7 1 , 2 4 7 ok0,751 8k0,000 1*85,000 315,000 1,81*0,000 360,000 222,083 205,k36 156,000 819,000
@FedFRASER