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Form FR-283
STATEMENT FOR THE PRESS
Released for publication
Friday morning, Feb, 16;
not earlier.
Board of Governors
of the Federal Reserve System
February 15, 19AO
CONDITION OF THE FEDERAL RESERVE BANKS
During the week ended February 14, 1940, member bank reserve balances increased $54,000,000* Additions to member bank reserves arose from increases of
$65,000,000 in gold stock, $12,000,000 in Reserve bank credit and $4,000,000 in
Treasury currency, and a decrease of $10,000,000 in nonmember deposits and other
Federal Reserve accounts, offset in part by increases of $20,000,000 in Treasury
cash, $8,000,000 in money in circulation and $10,000,000 in Treasury deposits with
Federal Reserve banks® Excess reserves of member banks on February 14 were estimated to be approximately $5,580,000,000, an increase of $60,000,000 for the week.
Changes in member bank reserve balances and related items during the week
and the year ended February 14, 1940, were as follows 1
Increase or decrease
since
Feb. 14,
1940
Feb. 7,
1943
Feb. 15,
1939
(in millions of dollars)
Bills discounted
Bills bought
U.S. Gov't securities,direct and guaranteed
Industrial advances (not including 8 million
commitments - February 14)
Other Reserve bank credit
7
2,477
—
-
87
5
34
10
—
36
+ 13
+
Total Reserve bank credit
Gold stock
Treasury currency
2,530
18,063
+ 12
+ 65
+ 4
57
+3,291
+ 158
Member bank reserve balances
Money in circulation
Treasury cash
Treasury deposits with F.R. banks
Nonmember deposits and other F. R. accounts
12,151
7,411
2,385
642
982
+ 54
+3,444
+ 716
- 386
- 608
+ 228
2,977
+
—
8
+ 20
+ 10
- 10
Form FR-283-a
Released for publication Friday morning, Feb, 16,1940; not earlier4
STATEMENT OF CONDITION
OF THE TWELVE FEDERAL RESERVE BANKS COMBINED
(in thousands of dollars)
Increase or decrease
since
Feb. U ,
1940
Feb. 7,
1940
Feb. 15,
1939
ASSETS
Gold certificates on hand and
due from U. S. Treasury
Redemption fund - F. R. notes
Other cash
15,674,618
10,118
364.791
+ 54,999
2,833
+3,668,400
+
1,262
—
54,059
Total reserves
16,069,527
+ 52,166
+3 ,£15,603
455
6,168
65
96
6,623
161
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 guaranteed{
Bonds
Notes
Bills
Total U. S. Government securities.
direct and guaranteed
Total bills and securities
Due from foreign banks
F. R. notes of other banks
Uncollected items
Bank premises
Other assets
TOTAL
ASSETS
LIABILITIES
F, R. notes in actual circulation
Deposits:
Member bank-reserve account
U.S. Treasurer - General account
Foreign bank
Other deposits
Total deposits
Deferred availability items
Other liabilities including accrued
dividends
TOTAL
LIABILITIES
C A P I T A L
-
—
—
10,434
51
—
+
_
-
—
2,477,270
212
811
+193,545
1,564
553
4,228
503,152
82,241
507,656
-
86,745
-
89,962
122
26
90,266
1,035
13,383
—
—
2,623
4.187
-
—
—
2,494,327
47
21,273
792,040
41,792
62,895
+
+
—
1,344,045
1,133,225
-
+
+
-
+ 1,435
+
19,481,901
+246,123
+3,623,159
4,846,468
+ 9,700
+
12,150,709
642,138
392,52.6
340,677
13,526,050
+ 53,982
+ 10,573
+ 4,353
-13,731
+ 55,177
+3,443,518
608,279
+ 126,186
+ 107,201
755,965
+180,606
+
+
-
2,867
19,131,350
452
+245,935
496,632
+3,068,626
56,462
80
+3,621,640
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
Commitments to make industrial advances
—
136,093
151,720
26,839
35,899
19,481,901
87.5$
8,361
+
+
—
—
—
+
-
188
+246,123
+3,628,159
+
—
+
+
11
1,180
2,568
425
3,196
-
3.4$
4,519
Form FR—283-b
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH FEBRUARY 14, 1940
(in thousands of dollars)
ASSETS
Total
Boston New York
Phila.
Gold certificates on hand and
due from U.S.Treasury
15,674,618
Redemption fund - F.R.notes
10,118
Other cash
384,791
899,621 7,690,962
1,798
721
33,746
91,509
834,449
743
31,077
977,541 412,115 305,990 2,445,359 430,760 242,671 351,234 233,168
1,277
697
320
541 1,350
867
177
411
52,806 16,668 9,568 18,955 16,243
27,401 23,322 21,619
850,748
1,216
41,877
Total reserves
934,088 7,784,269
866,269 1,005,483 436,787 328,476 2,499,MS 448,125 252,416 370,600 249,731
893,841
16,069,^27
Bills discountedj
Secured by U.S. Gov't obligations,
direct and guaranteed
455
Other bills discounted
6,168
Total bills discounted
6,62?
—
125
130
2,226
85
558
2,356
Cleve.
Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran.
13
538
31
301
10
281
551
299 .
332
933
291
795
59
630
—
188
45
147
689
188
192
329
10
189
—
39
579
180
43
415
579
120
219
483
458
Industrial advances
10,434
U. S. Government securities,
direct and guaranteed:
Bonds
1,344,045
Notes
1,133,225
125
1,424
2,050
643
3,107
96,123
81,047
408,181
344,156
110,221
92,934
137,084 68,135 54,495
115,581 57,447 45,945
144,872 60,273 39,771 62,897 51,196
122,148 50,818 33,533 53,031 43,167
110,797
93,418
Total U. S. Gov't securities,
direct and guaranteed
2,477,270
177,170
752,337
203,155
252,665 125,582 100,440 . 267,020 11].,091 73,304 115,928 94,363
204,215
Total bills and securities 2,494,327
Due from foreign banks
47
F. R. notes of other banks
21,273
Uncollected items
792,040
Bank premises
41,792
Other assets
62,895
178,719
3
587
63,679
2,885
4,165
756,743
18
3,026
187,701
9,876
18,472
206,905
5
583
65,687
4,562
5,259
253,515 126,847 101,526
4
2
2
1,417 3,664 2,448
113,203 51,210 28,320
5,535
2,538 2,030
6,958 3,722 2,489
268,038 111,289 73,685 116,627 95,065
6
1
*
1
1
2,496 1,767 1,049 1,203
671
125,476 31,979 18,084 31,656 33,087
3,384 2,244 1,393 3,229 1,169
6,432 2,673 1,894 2,844 2,459
205,368
4
2,362
41,958
2,947
5,528
TOTAL ASSETS
695
19,481,901 1,184,126 8,760,105 1,149,270 1,386,115 624,770 465,291 2,905,274 598,078 348,521 526,160 382,183 1,152,008
*Less than $500.
Form FR-283-c
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 14, 19-40
(In thousands of dollars)
LIABILITIES
Total
F,R. notes in actual circulation
4,846,468
Deposits:
Member bank-reserve account 12,150,709
U.S.Treasurer-General account 642,138
Foreign bank
392,526
Other deposits
340,677
Total deposits
13,526,050
Deferred availability items
Other liabilities including
accrued dividends
TOTAL LIABILITIES
755,965
Boston New York
Phila.
Cleve.
399,515 1,233,126
346,022
453,516 219,362 158,228 1,067,661 189,967 139,917 180,286
80,367
378,501
604,356 6,685,499
62,012
159,556
28,409 137,944
4,630
244,989
597,715
42,380
38,672
26,470
681,859 2 9 6 , 5 6 0 220,841 1,473,767 318,886 140,050 270,836 220,895
67,773 23,438 24,389 140,933 26,415 27,716 22,810 22,860
8,682 11,444 11,G3G
36,699 16,968 13,812
47,354 11,838
2,52c
5,380 7,781
34S
10,430
3,189 8,978 6,512
639,445
21,856
699,397 7,227,988
60,666 176,821
705,237
65,123
796,761 342,346 266,823 1.,665,243 366,117 182,960 305,430 258,121
102,542 47,791 27,356 127,336 31,063 16,379 29,831 32,418
709,619
38,639
258
2,867
682
279
Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran.
83
346
115
387
113
141
24.7
28,866
19,452
114
102
19,131,350 ]1,159,836 8,638,617 1 ,116,661 1,,353,165 609,582 452,522 2,,860,627 587,260 339,397 515,802 371,020 1,126,861
ACCOUN T S
CAPITAL
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
136,093
151,720
26,839
35,899
9,349
10,405
2,874
1,662
51,149
53,326
7,109
9,904
11,912
14,198
4,393
2,106
13,996
14,323
1,007
3,624
5,231
5,247
3,246
1,464
4,668
5,725
713
1,663
13,573
22,824
1,429
6,821
4,099
4,709
533
1,472
2,959 4,371
3,152 3,613
1,001 1,142
2,012 1 , 2 3 2
4,083
3,974
1,266
1,840
10,703
10,224
2,121
2,099
TOTAL LIABILITIES AND
19,481,901 ].,184,126 8,760,105 1 ,149,270 1,,386,115 624,770 465,291 23,905,274 598,078 348,521 526,160 382,183 1,152,008
Commitments to make industrial
advances
426
61
8,361
20
512 —
359
1,767
75
151
3,189
1,033
768
MATURITY DISTRIBUTION OF BILLS AND SECURITIES
CAPITAL ACCOUNTS
Total
Bills discounted
6,623
Industrial advances
10,434
U. S. Government securities,
direct and guaranteed
2,477,270
Within
15 days
2,247
1,435
—
16 to
30 days
31 to
60 days
3,632
215
—
6l to
90 days
260
392
—
279
331
—
91 days to
<S months
138
1,798
6 months
to 1 Year
1 Year
to 2 Years
67
2,177
2,088
142,458 105,974
281,368
2 Years to (Dver
5 Years
5 Years
.,.
1,998
684,796
• —
1,262,674
Form FR~283~d
FEDERAL RESERVE ROTE STATEMENT Oil FEBRUARY 14, 1940
(In thousands of dollars)
Total Boston New York Phila.
Cleve. Rich. Atlanta
Chicago St.Louis Minn. Kans.Cy* Dallas San Fran.
Federal Reserve notesl
Issued to F.R.bank by F.R.agent 5,163,324 422,154 1,322,UC 362,962 4^8,934 233,236 170,728 1,113,068 200,577 144,220 190,369 88,211 436,747
Held by Federal Reserve bank
316,856 22,639
88,992 16,940 25,418 13,874 12,500
45,407 10,610
4,303 10,083 7,844 58,246
In actual circulation
4,846,460 399,515 1,233,126 346,022 453,516 219,362 158,228 1,067,661 189,967 139,917 180,286 80,367 378,501
Collateral held by agent as se^
curity for notes issued to bank:
Gold certificates on hand and
due from U. S. Treasury
5,298,500 440,000 1,340,000 375,000 482,000 250,000 175,000 1,130,000 209,000 147,500 195,000 91,000 464,000
Eligible paper
1,296
359
212
121 —
117 —
—
—
57
430
—
Total collateral
59299,796 440,359 1,340,212 375,121 482,000 250,117 175,000 1,130,000 ,209,000 147,557 195,430 91,000 464,000
@FedFRASER