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Form F. R, 283 STATEMENT FOR THE PRESS Released fo r publication Friday morning, Feb. 25; not e a r lie r . Board o f Governors o f the Federal Reserve System February 21*, I9U* CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 23 member bank reserve balances decreased $135,000,000. Reductions in member bank reserves arose from increases o f $236,000,00'.' in Treasury deposits with Federal Reserve Banks, $36,000,000 in money in circu la tio n and $.l,0;j,000, in Treasury cash and* decreases o f $£©,000,000 in gold stock and .'$3»000,000 in Treasury currency, o ffs e t in part by an increase o f £279.000,000 in Reserve Bank c re d it and a decrease o f $21*,000,000 in nonmembe.r deposits and other Fe .eral Reserve accounts. Excess reserves o f member banks on february 23- were estimated to be approximately $1, 100, 000, 000. There was-an increase of $1^22,000,000 in holdings o f United States Govern ment s e cu ritie s: b i l l s increased $¿1*7»000, 000, c e r t ific a te s $8, 000,000 and bonds $3, 000, 000; while notes decreased $36, 000, 000, Changes .in mcaiiber bank’ roserve balances and related items during, the week' and the year'ended February 23, 191*1*, were as follow s: Increase or decrease, since Feb. 23, 19UU Feb. 16, 19UU Feb. 21*, I9k3. (In m illions' o f d olla rs) U, S; Govt, secu rities ( i n c l . guar, s e c .) Loans, discounts, and advances Other Reserve .Bank cred it 11,016 57 367 + 1*22 15 - .157 + 5,385 + 32 + 100 Total Reserve Bank cre d it Gold stock Treasury currency 12, 21*0 21,71*2 ¿*,090 + 279 - 60.. 3 + 6,017 901 + 165 Member bank reserve balances Money in circu la tion Treasury cash Treasury deposits* with F. ft. Banks Nonmember deposits and other #^R;accounts 12,109 20,696 2.336 !6i*6 2, 281* 135 + ■ .86 + i ♦ 286 2h 808 + k,7kk 11$ + 388 81*3 Form F. R. 233c STATEMENT OF CONDITI® OF THE FEDERAL RESERVE* BANKS ON FEBRUARY 23, 1944 . (In thousands, o f d o lla rs} Total Boston New York P hila. Cleve» Rich. Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas San Flran. 17,186,597 1162,379 3, 806,989 1169,858 1,533,031 1140,306 963, 9.76' 3,21+5,140 ,’ 732,510 389.471 626,508 412,518 2*003,911 L I A B I L I T I E S Federal Reserve notes Deposits* . Member bank-reser:ve- acct,12jL09,187 5.71,505 4,022,803 599,210 927,235 502,561 509,3891 U .S.T reasurer-general-acct. 646,288 43,809 77,503 53,438 1+7, 69!+ 99,050 61,938 Foreign 1,591,761 110,110 1/607,986 141,999 137,368 49,391' 61,739 Other 3,Û52. 7,520 3*709; •252,227 352,11+9 5,413 3,699 Total deposits lU, 699,385 733,018 4,982,066 797,538 1,147,524 629,937 620,270 Deferred a v a ila b ilit y items 1,322,91,0 88,211 215,418 92,908 96,194 73,863 170,859 Other l i a b i l i t i e s including : • *accrued dividends 227 1,692 6,936 55k 247. 635 635 TOTAL LIABILITIES 33, 215,828 1992,226 9 , 006,165 2060,858 2 , 852,049 1858,681 1658,3-56 Capital paid in 5,520 11,811 6,266 15,858 9,B71 57,687 156,11*9 Surplus (S ection 7) 70,012 13^20616,026 5,236 188,097 5,725 17,859 Surplus (¿ e c tio n 13b) 4,421 3,290 7*092 2,874: 1,007 .. 26,965 749 Other ca p ita l accounts .„64,489 1 3,207 14,216 4,223 3,928 4,736 7,990 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 33,$51,528 2021,331; 9 , 155,172 2098,877 2, 892,930 1873,209 1674,573 Commitments to..make in du strial loans 700 100 816 7 9,944 1,923 .9 1,-827,972 : 1+55.266:281,742 572,633 495.262 1, 363,609 50, 696’ 28,911 33,529 39,029 57,296 48,390 120,456 47,847 33,956 44,760 44,76o 191,389 2,994 36,371 1,590 5.723. 14,060: : 10,791 2,,082,380 ‘ 205,243 547,869 3 55,400 652,512 588,045 1,568,-826 147,798 50,449 3 i ¿9-33 90,987 59 M • 898 212 196 981 235 424 5, 533,661 1331, o4o 777,0001370,988 1053,845 3,720,959 13,008 13,122 5,080 4,761 4,770 3,395 26,490 3,669 4,831 6,330 14,159 4,551* 2,129 1,000 530 1,307 1,137 I .429 2,385 3,445 10,224 3,307 2,731 3,597 5,589,926 1345,401 788, 6611335, 0661067,629 3 , 753,700 « •: 3,000 16 680 2 , 700- F. R. notes outstanding 17,770,07k 1198,960 3,921i,81T6 1196,1+81 1,569,439 1177,4o£ 1029,349 3,301,294- '763,734 -396,575 650,519 1+46,769 2,124,703 C olla teral for F.R.notes held by F.R.Agentss . Gold c e r t ific a t e s . 13,076,000 761,000 3, 340,000 725,000 1,170,000 775,poo. 750,000 2,,530,000 400,000 230,000 410,000 311,000 i£74,ooo ---E lig ib le paper -— . ■42,556 —“*■ ■*> i •15,295 4 ■—* *. 2,830 .20,608 510 3,313 500,000 U.S.Govt, secu rities' 790,000 441,709 175,000 250,000 150,000 400, 000. 450, 000: 300,000 600,000 i+75,000 4,981,709 450,003 MATURITY DISTRIBUTION £>F LOMS AND SECURITIES • Over 9 I days to 6 months 1 to 2 2 to 5 31 to liiiithin l6 to 61 to to 1 year years years 5 years 6 months Total 60 days : 90 days 15 days 30 days •- » ?■ ? • : Discounts and advances — -74o ; 233 46,503 43,175 2,355 Industrial loans * 358 131 102 262 6 10,167 u-90 9,193 25.: U. d. Govt, se cu r itie s ( i n c l . guar, s e c .) 1,120,050 420,300 500,021 1, 238*20; 1].,816,204 1,743,402 Î 1,189,048 565,140 3,194,366 • 1,845,672 — - , ■ -w.-* Jw ... l / A f t e r deducting $981,6143,000 pa rticip a tion s o f other Federal Reserve Banks. Form F. R. 283a Released fpr publication Friday morning, February 25,1944» not earlier» STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of- d olla rs) Increase or decrease since Febt 23, 19U4 •Feb. 16, I9W1 * Feb, 24, 1943 19,311,075 263,791 336,251 . - 63,501 200 - 10,787 - 1, 130,206 + 227,902 T ¿±5,812 19,911,117 1*6,503 10,167 - 74,488 + 14,248 207 - 948,116 + 35,189 3.532 6,564,033 2,672,740 396,200 1,683,226 +446,621 + 8,200 - 36,000 + 3,057 +5,074,538 +1,886,865 - 323,635 - 752,635 11,316,204 +421»373 +5,335,133 11,872,874 136 74,916 1,689,567 ‘ 35,095 67,823 +435,919 - 4,380 -521,512 17 + 5^3 +5,916,740 + 89 + 29,609 + 168,104 4,084 22,715 63»930 +5,139,627 17,186,597 ' + 72,467 +4,675,114 ' 12,109,187 ' 646,283 1.591.761 352,149 * 14,699,385 1, 322,910 -134,603 +286,627 + 40,236 - 64,163 .+128,142 -364,235 - 808,018 + 338,110 + 790,230 16,822 * 986 -164,612 + 2,015 +5,098,895 + + .9,327 + 27,686 + 136 + 3,583 +5,139,627 ASSETS Gold c e r t ific a t e s on .hand tind due from U,S, Treasury Redemption fund - F, R. notes Other cash Total reserves Discounts and advances Industrial loans U, S. Govt, secu rities? B ills C ertifica tes Notes Bonds Total U. S. Govt, s'ecuritiös ( in c l. guar, s e c.) Total .loans and secu rities Due from foreign banks F. R, notes o f other banks Uncollected items * ' ’ ' Bank premises. Other assets TOTiiL. ASSETS 33,651,528 • L I A B I L I T I E S Federal Reserve not‘es Deposits t Member bank-reserve account U.S„Treasurer-general account Foreign Othe r Total deposits Deferred a v a ila b ility items' Other l i a b i l i t i e s including accrued dividends TOTAL LIABILITIES ' C A ? 1 T a‘ L A C C O U N T S Capital paid in Surplus (Sccti*on 7) Surplus (S ection ljb ) Other capital accounts TOTAL LIABILITIES AND Ca PITaL ACCOUNTS Ratio o f to ta l reserves to deposit and F. R* note l i a b i l i t i e s combined Commitments to make industrial loans 6,936 • 33,215,828 156,149 133,097 26,965 64,439 . 33,651,528 93 + 584 -163,930 62. % 9,9bk + 353,500 + 68,266 +. 273. 15.23S 1,629 Form F. R, 283b STATEMENT OF CONDITION' OF THE FEDERAL RESERVE BANKS ON FEBRUARY 23., 1944 (In thousands o f d o lla rs) ASSETS Total Boston New ’York Phila. Cleve. Rich. Atlanta Chicago St.Louis Gold c e r t ific a t e s on hand and due from U.S,Treasury 19,311,075 1005,389 5,266,744 1102,524 1,579,177 1065,106 1011,580 5, 51*7,156 Redemption fund-F.R.notes 263,791 20-,189 , 23,252 22,841 ■. 40,189 18,050 24,519 39,859 Other cash 336,251 88,120 25,326 21,804 • 40,654 30,755 26,179' ! 18,709 Total reserves Discounts andT'advances Industrial loans U. S. Govt, s e c u r itie s : B ills 1 C e rtifica te s Notes Bonds 19, 911,117 1059,1*85 5,395,053 1152,369 1, 625,545 1107,067 1051, 43U 3, 627,669 46,503 10,167 6, 564,038 2,672,740 896,200 1,683,226 510 379 125 380 20,608 123 3,313 li, 159 400,409 2,190,456 2o4,6oo 597,008 68,605 200,184 375,982 128,853 412,894 208,7^6 70,010 131,490 282,478 173,175 59,745 112,212 802,467 3,363,630 823,130 1*053,. 176 . 632,610 477,813 292,795 93,176 184,392 2,830 227 Total U.S. GöVt. -secu rities ( in c l , guar,, s e c .) 11,316,204 * Total loans and s e c u r itie s '. 11,872,374 803,356 3,384,361 830,652 1053,631 635,667 Due from foreign banks 136 F.R.notes o f other banks 74,916 Uncollected items 1,689,567 Bank premises 35,095 Other assets 67,323 10 1 / 1*9 1,562 10,947 150,498 ; 339,95-6 1,661 9,101 4,812 15,705 12 12 - 2,281 . 3,538 105,231 198, 089. •3r5S3 1^195 4,694 7,370 6 12,336 115.731 2,922 4,380 t o t^ l assets • 33,651,528 2,021,38b 9*155,-172 2098, 3772,392,930 681,032 405,439 752,332 538,128 2,355,978 9,622 • 25,138 19,464 8,556 12,112 10,060 8,300 40,424 11,951 13,969 714,455' 422,295 776,39 5 557,810 2,421,51*0 -- ... 1,522 12. 500 4,488 225,405 1,130,748 148,245 237,373 96,526 49,709 181,294 93,362 288,749 156,700 229,897 189,'695 130,91*8 84,626 139,120 124,880 1*3,909 20,377 46,647 41,375 82,470 53,298 87,612 73,645 573, 791* 275,684 92,439 175,616 516,721 1,696,441 546,076 323,001 503,276 435,095 1,120,535 500 107 1,500 4 15,295 -- 258 50 ■ - . Minn. Kans.Cy. Dallas San Fran. 517,328 1, 697, 91*5 561, 371323,259 4 7,357 92,980 l»649 3,821 17 4 3 3.102 .4,318 * .6,928 246,397 59,658 56,610 2,941 '. 2,062' 1,273 5,055 . 2,114 ' 7,529 505,306 436;427 ; i ,125,521 4 5,720 95,460 2,726 5,455 4 ,2,630 66,45? 1 956. .3,545 11 15,647 181,920 2,016 . 7,o45 1378,209 1674,573 5, 589, 9261345,^01 783,661 133.'5,.06.61067,629 3,753,700 l / A fter deducting, $87,000 p a rticipa tion s o f -other Federal Reserve Banks.
@FedFRASER