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STATEMENT for- the fress Form F. R, 283 Released fo r p u b lica tio n Friday, morning, Feb. 195 not e a r lie r . Board o f Governors o f the Federal Reserve System February 18» 1943 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 17 member bank .reserve balances increased $346,000,000« Additions to .member bank reserves arose from increases o f $231, 000,000 in Reserve Bank cred it and $30,000,000 in Treasury currency, and de creases o f $92, 000,000 in Treasury deposits with Federal Reserve Banks and $51 ,000,000 in nonmember deposits and other Federal Reserve accounts, o ffs e t in part by increases o f $47,000,000 in money in circu la tio n arid $12,000,000 in Treasury cash. Excess reserves o f member banks on February 17 were estimated to be approximately $1 , 990, 000, 000, f*n increase o f '$ 350, 000,000 for the week. The prin cipal change in holdings o f b i l l s and secu rities was an incr'ease o f $76,000,000 in United States Gbvernment s e cu ritie s. B i l l s ' increased $161,000,000,' while bonds decreased $65, 000, 000, notes $3, 000, 000, and c e r t ific a te s $1 7 , 000, 000, Changes in member bank reserve balances and related items during the week and tho year ended February 17, 1943, were as followss Increase or decrease since Feb. 17, : 1943 Feb. 10, 1943 i’?eb. 18, 1942 (In millions of dollars) Bills discounted 9 U, S, Government direct obligations 5,746 U, S, Government guaranteed obligations 49 Industrial advance's (not including 11 million commitments - February 17) 14 Other Reserve, Bank credit 396 ♦ Total Reserve 3ank credit Gold stock Treasury currency 6,214 22,642 3.915 Member, bank reserve balances 13,093 Money in circulation 15,345 Treasury cush 2,221 Treasury deposits with F. R. Banks ‘ 138 Nonmember deposits and other F, R. accounts 1,426 — + 6 +3,500 + 45 — + 160 + 5 + 254 + 231 —* + 30 +3,810 - . 70 + 651 ♦ 346 + 47* + 12 - 92 - 51 + 35 +4,506 + 40 76 - 113 4 76 Feb, 10 figures revised. STATEMENT OF CONDITION OF TES FEDERAL RESERVE BANKS ON FEBRUARY 17, I9U 3 ( In thousands of dollars) Chicago St.Louis Minn. Phila. Cleve. Rich. Atlanta Boston New York Form F. R. 283° Total L H B 1 L I TIES F. R. notes in actual c ir culation 12,428,930 Depositsj Member bank-reserve acct. 13,092,9359 U.S.Treasurer-general acct. 188,130 802,332 Foreign Other 356,165 Total deposits Hi, ¿*39,566 Deferred availability items 1,300*361 Other lia b ilitie s including accrued dividends 4,4o4 TOTAL LIABILITIES 28, 173,261 CAPITAL ACCOUNTS Capital paid in 146,813 Surplus (Section 7) 160,411 Surplus (Section 13b) 26,829 Other capital accounts 59,203 ..-■ w n . ..... ............ TOTAL LIABILITIES AND CAPITaL ACCOUNTS 28,566,517 Commitments to make industrial advances 10,763 F. R. notes outstanding Collateral for F.R.notes held by F.R.Agents* Gold certificates Eligible paper U.S. Gov't securities 875,835 1 , 160,650 795*837 568,733 2,479,164 523,417 313,064 435,858 258,730 1,338,075 649,363 4,616,459 . 53.972 4,561 24,511 1/ 377,069 4,756 ” 198,140 670,547 1,086,091 16,838 10*343 . 64,282 66,378 55,872 5.362 507,904 496,815 1,328,772 11,549 13,974 12,236 , 19,564 20,961 5'3,49l 8,304 4,289 40,671 752,630 1*223,083 89,808 11*9,296 507,902 1,978,029 15,961 15,359 24,455 85,243 3,334 3.449 551,767 2 , 081,965 58,928 198,306 451*725 265,542 11,318 7,723 20,961 15,372 12,211 10,460 683,191 5,245,61*0 99,236 ¿71,380 533,790 14,296 30,045 9,317 587,1*1*8 95,559 496,215 299,097 61,900 22,241 547,321 536,039 1,435,170 62,298 49,823 141,596 562 930 381* 398 1*1*9 567 195 87 I 60 207 340 1693,508 8, 286,988 1718,657 2 , 533,427 1479,293 1179,623 4 * 760,002 1081,619 634,562 1045,817 844*717 2 , 915,048 9,529 11,160 2,874 3,391 53,681 58,001 7,070 16,388 11,687 15,670 4.393 3»969 I 5.233 14,767 1,007 5,664 5,929 5,236 3,244 2,772 5,233 5,725 717 2,623 92 39 1,679 334 1,005 150 897,313 1,194,794 833,534 16,400 22,925 1,429 10,036 4,586 4,966 530 2,584 3,161 3,221 1,000 2,878 — 1,702 — ... 4,788 3,613 1,137 2 , ¿ 12- 4,475 4,083 1,307 2,35k 12,111 11.01*4 2,121 • •• • 1720,462 8.422,128 1754,376 2,570,098 1496,474 1193,921 4, 310,792 1094,235 644,822 1057,374 356,936 2 , 944,349 12 , 926,993 941,140 2,899,340 608,209 2 , 522,780 Total Within 15 days 9,435 13,335 2,438 8,219 795,139 553,368 320,102 1,506 — 4,206 447,619 285,981 1,422,313 820,000 1 , 200,000 727,000 590,000 2 , 560,000 480,000 325,000 450,000 292,000 1 , 444,000 — — - — — — — 25 100 — — -5,000 — 30,000 35,000 100,000 125,000 MATURITY DISTRIBUTION OF BILLS aND SECURITIES 1 to 2 6 months 2 to 5 Over 9 I days to 31 to 6l to 16 to years 5 ye^-rs years to 1 year 6 months 90 days 60 days 30 days 12 , 709,000 906,000 2 , 915,000 30 4,490 4,645 395,000 50,000 • B ills discounted Industrial advances U* S. Government securities, direct and guaranteed 910,529 2*769,038 mmmJk' 3,703 483 2,104 101 1,180 1,705 10 1,067 - - 1,369 - - 334 379,800 512,450 661,594 269,510 190,704 393,231 247,085 l / After deducting $423,679,000 participations of other Federal Reserve Banks, 102 1,204,795 1,935,970 Form F. R. 283a Released for publication Friday morning, February 19,1943,not earlier. S.UTBMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Feb. 17, 1943 Feb. 10, 1943 Feb, 18, 1942 ASSETS Gold certificates -on* hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves B ills discounted« Secured by U. S. Gov’ t obligations, direct and guaranteed Other b ills discounted Total b ills discounted Industrial advances U. S. Government securities, direct and guaranteed: 'Bonds Notes Certificates Bills Total U, S„ Government .securities, direct and guaranteed Total b ills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTaL ASSETS 20, 442,282 36,296 393.570 + + 995 1,690 5,166 + + 61,233 23.277 46,151 20,877,148 + 5,861 + 3,195 5.410 4.025 - 9.435 13.885 - 3,920 3 3,923 202 + * + 2,978 3,313 6,291 + 5,332 2,476,840 1,234,385 796,375 1,237,039 - 65,333 - 2,600 - 16,500 +160,646 M - 919,280 + 542,385 + 796,375 ,287,039 5,795,139 + 76,203 +5,545,079 5,618,459 . 47 44,258 1 , 696,301 39,195 91,109 + 72,083 - 2,279 +468,572 1 - 1,155 +3,556,702 ... + 18,541 + 525,538 1,524 42,280 23, 566,517 +543,081 +4.149,782 12, 428,930 + 32,139 +3,990,330 13 , 092, 939' 183,130 802,332 • 356,165 14,439,566 1,300,36! +346,062 - 92,213 - 3,574 - 50,836 +199,389 +308,961 + 35,217 75,392 + 176,235 - 269,220 - 133,160 + 271,689 4,4o4 + 257 +540,746 1,322 +U,l30f68l LI ABI LI TI ES F, R, notes in actual circulation Deposits: Member bank-reserve account U. S. Treasurer-general account Foreign Other Total deposits Deferred availability items Other lia b ilitie s -including accrued dividend’s ’ TOTAL LIABILITIES 77.7% 10,763 + + + + 3,757 2,909 48 12,387 1% - 146 - 13 . <$> 4,224 1— 1 Commitments to make industrial advances ■146,813 160,411 26,829 59,203 28,566,51*7 + C A P I T A L A C C OUN T S Capital pajd in Surplus (Section 7) Surplui (Section ljb) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and P. R. note lia b ilitie s combined 28,173,261 — — + . 2,294 +543,081 + Form F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS O N .FEBRUARY 17, I943 (In thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Rich. Gold certificates on hand and due from U. S. Treasury 20, 14*2.,282 1145,981 6,169,1*20 1202,826 1 , 829,516 1015,Id* Redemption fund - F.R.notes 36,296 2,796 1,795 5,958 733 7,676 other cash 398,570 35,905 82,877 23,584 46,488 21,305 Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 860,377 3,534,909 1,528 985 20,536 66,611 734,570 1*50,291 5,068 153 17,759 9,138 715,681 573,133 2,210,1*74 ‘ 762 777 8,06$ 13,089 12,302 48,976 Total reserves 20,877,148 1184,682 6, 254,092 1232,368 1,876,737 1044,08 5 882,441 3 ,6o2,505 Bills discountedtSecured by U. S* Gov’ t obligations, direct and guaranteed 64o 100 5,410 25 30 4,490 Other b ills discounted 4,025 172 140 488 1,708 380 393 757,397 459,582 729, 532586 , 2 1 2 2 , 267,515 120 88 112 125 120 304 9,435 .30 6,198 480 1,033 197 140 488 120 88 112 245 304 Industrial advances 13,885 U, S. Government securities, direct and guaranteed! B°nds 2 , 476,840 Note? 1,234,885 Certificates ‘ 796,375 Bills 1,237,039 968 608 4,208 1,278 595 431 109 7 382 1,569 29 3,7H 182,877 91,180 58,800 56,923 k 658,114 328,117 211,602 548,723 194,710 97,075 62,605 46,749 233,650 116,504 75,135 49,943 151,523 75,547 48,719 33,719 111,401 55,539 35,319 24,316 306,987 153,055 93,705 361,409 118,926 59,291 38,238 36,502 72,304 36,051 23,248 15,330 117,657 58,659 37,830 23,733 97.248 48,438 31,268 13,695 231,413 115,379 74,406 60,437 389,780 1,746,561 401,139 475,267 314 ,508 227,075 920,156 252,957 147,433 242,879 195,^99 481,635 390,778 1,753,367 ' 1/ 18 3 1,040 3,863 377,626 135,098 2,717 9,805 6,144 23,357 405,827 477,578 5 1,202 103,353 4,743 6,878 4 1,818 200,101 4,317 9,543 315,290 2 10,856 117,561 3,o4o 5,640 227,646 2 4.010 74,152 1,722 3,948 920,753 . 6 4,266 269,138 2,911 11,213 253,084 147,903 244,560 195,973 * l 1 1 1,222 1,146 3,875 5,384 71,083 68,389 73,444 32,068 1,307 2,796 2,105 1,047 2,816 • 4,518 3,592 4,379 Total, b ills discounted Total U. S. Govrt securities, direct and guaranteed 5.735.13Q Total b ills and securities 5,818,459 I>ue from foreign banks 47 F.R. notes of other banks 44,258 Uncollected items 1 , 696,301 Bank premises 39,195 Other assets 91,109 TüTîxL ASSETS 485,70ô 4 5,576 173,788 2,685 9,081 28,566,517 1720,4.62 8,422,128 1754,376 2 , 570,098 1496,474 1193,921 4,810,79? 1094,285 644,822 1057,874 856,936 2,944,349 ♦Less than $500^ l / After deducting $29,000 participations of other Federal Reserve Banks.
@FedFRASER