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Form F. k. 283
r ,
„
v. -,.
,.
Released, for
P lic
a t io
n
rrlday morning, Feb. 26s
not earlier*
STATEMENT FOR THE PR3SS
Boai'd of Governors
Federal Keserïs
February 25, 1 * }
J
m
CONDITION OF THE FEDERAL RESERVE BANKS
During the week ended February 2[j. member bank reserv e balances decreased
$176,000,000* Reductions in member bank reserves arose from increases of
$107,000,000 in.money in* circulation, $70,000,000 in Treasury deposits with Federal
Reserve Banks, $15,000,000 in nonmember deposits and other Federal Reserve accounts,
and $2,000,000 in Treasiiry 'cash, offset in part by increases of $10,000,000 in
Treasury currency and $9*000,000 in Reserve Bank credit« Excess reserves of member
banks on February 21+ were estimated to be $1,790,000,000/ a decrease of
$200,000,000 for the week.
There was an increase of $136,000,000 in United States Government securities*
Bills increased $202,000,000 while bonds decreased $Ul,000,000, notes $15,000,000
and certificates $10,000,000.
Changes in miember bank reserve balances and related items during the week
and the year ended February 214, I9 U3 , were as follows*
Increase or decrease
since
Feb. 21|,
1943
Feb . 17 ,
1943
Feb. 25,
1942
(In millions of dollars)
B ills discounted
U. S. Government direct obligations
U* S. Government guaranteed obligations
Industrial advances (not including 12 million
commitments - February 21^)
Other Reserve’ Bank credit
11
5,882
49
+
+
-2
136
-129
14
267
+
-f
+3,624
+
45
+
+
6
150
Total Reserve Bank credit
Gold stock
Treasury currency
6,223
22,643
3,925
+
9
1
10
+3,831
72
+ 659
Member bank reserve balances
Money in circulation
Treasury cash
Treasury deposits with F«R, Banks
Nonmember deposits and other F, R. accounts
12,917
15,952
2,223
258
1,441
+
+
+
+
176
107
2
70
15
+ 396
■+4,530
+
34
- 540
l
Form F. R. 283c
STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAKKS ON FEBRUARY2i|, 19Ù3
{ In thousands o f d o lla r s )
Boston New York
Phila.
Cleve.
Rieh. Atlanta
Chicago St.Louis Minn. Kans.Cy.
L I A B . I L I T TES
Total
F. R. notes in actual c ir culation
12,511,483 923,026
Deposits:
Member bank-reserve acct. 12 , 917,205 648,155
U.S*Treasurer-general acct .
258,178
430
Foreign
801,531
26,351
Other
368,971
5,469
Total deposits
14,345,885 680,405
Deferred a v aila b ility items 1,254,644 102,753
Other lia b ilit ie s including
accrued dividends
603
4,921
TOTaL LIABILITIES
28, 116,933 1706,787
Capital accounts
Capital paid in
146,022
9,529
Surplus (Section 7)
11,160
160,411
Surplus (Section 13b)
' 26,829
2,874
Other capital accounts
60,906
3,537
TOTa L LIABILITIES and
Ca PITaL accounts
28, 511,901 1733,837
Commitments to make industrial
advances
92
11,573
F* R. notes outstanding
Collateral for F*R. notes
held by F«R.Agents:
Gold certificates
Eligible paper
U.S.Govf t securities
B ills discounted
Industrial advances
U. S. Government securities.
direct and guaranteed
Dallas San Fran..
2 , 780,128
837,477 1,171,514
801,086
566,928 2,496,671
524,922 314,994
437,654 260,410 1,346,673
4,553,177
66,852
1/367,704
201,768
666,640 1,057,148
11,265
19,1H
65,396
6.7,528
57,821
6,293
751,726 1,199,476
143,610
66,207
528,018
13,992
30,565
9,409
561,984
77,240
495,207 1,974,322
17,241
30,647
86,721
24,879
3,470
4,666
454,694 265,124
12,703 15,319
21,325 15,638
14,019 11,083
541,993 2 , 095,160
199,062
43,160
502,741 307,164
57,952 29,024
522,971 480,106 1 , 271,643
19 ,143 13,931
37,539
54,196
19,903 21,325
39,672
4,376
10,925
572,947 519,733 1 , 403,050
107,012
70,619 57,'830
5,189,501
299,525
211
234
153
674
119
190
349
433
8, 270,064 1705,973 2,515,077 1460,743 1152,292 4,791,567 1035,734 651,972 1081,569 338,186 2 , 356,969
910
563
477
53,672
58,001
7,070
16,923
11,683
15,670
4,393
3,978
15,235
14,767
1,007
5,826
5,932
5,236
3,244
2,866
5,234
5,725
717
2,692
l 6, 4o 6
22,925
1,429
10,230
4,537
4,966
530
2,637
3,163
3,221
1,000
2,933
4,733
3,613
1,137
2,635
4,476
4,033
1,307
2,420
12,112
n ,o 4 4
2,121
4,174
3,405,735 1741,702 2 , 551,912 1473,021 1166,660 4,342,557 1093,504 662,289 1093,742 350,472 2,836,420
1,702
1,366
4,133
393
1,005
13,017,248
952,264 2, 906,206 909,407 1,207,752
335,964
620,498 2,539,564
553,401 322,630
450,673 235,532 1,430,302
12 , 740,500
6,375
916,000 2 , 915,000
520
5,530
---50,000
320,000 1 , 210,000
—
200
—
100,000
727,000
600,000 2 , 560,000
4so,ooo 325,000
450,000 293,500 1 , 1M ,000
395,000
Total
Tii t hin
15 days
11,314
13,749
2,175
39
113
- -
—
—
125
—
35,000
30,000
MATURITY DISTRIBUTION OF BILLS ,*KD SECURITIES
91 days to
6 raonths
1 to 2
16 to
31 to
61 to
30 days
60 days
7,320
1,300
8,494
455
1,956
121
125,000
90 days
6 months
729
1,323
9
1,045
to 1 year
1,335
years
—
738
----
—
—
- -
5,000
- -
- -
2 to 5
years
—
133
Over
5 years
—
—
Ì
352,100 245,085
325,753
249,891
896,133
554,371
5,931,071
220,947
. l / A fte r deducting $Ì4.30,l|67*000 p a r tic ip a tio n s o f other Federal Reserve Banks.
1,187,395
1 , 898,891
Form F. R. 233a
Released fo r publication Friday morning, February 26,1943; not e a r lie r.
STATBMT OF CONDITION
OF TffiS TWELVE FEDERAL RESERVE BANKS COMBINED
(In thousands o f d olla rs)
Increase or decrease
since
Feb. 25,
Feb. 24,
Feb. 17,
1942
.1943
1943
ASSETS
Gold c e r t ific a t e s on hand and due
from U, S. Treasury
Redemption fund - F, R. notes
Other cash
Total reserves
20,441,281
35,889
382,063
-
1,001
407
- 16,507
+
+
61,236
22,750
48,772
20,8 59-. 233
- 17,915
+
10,286
+
1,880
1
+
1,879
+
+
+
3,979
3,454
7,433
13,749
136
+
5,250
2,435,861
1, 219,885
785,875
1,489,450
- 40,979
- 15,000
- 10,500
+202,411
+ 865,875
+ 527.385
+ 785.875
+1,489,450
5,931,071
+135,932
+3,668,585
Total b i l l s and secu rities
5,956,134
+137,675
+3,681,268
Due from foreign banks
F. R, notes of other banks
Uncollected items
Bank premises
Other assets
47
45,307
1,521,463
39,179
90,533
28,'511,901
+ 1,049
-174.838
16
571
- 54,616
+
+
12,511,483
+82,553
+4,005,545
12,917/205
253,178
801,531
368,971
-175,734
+ 70,048
: 801
+ 12,806
14,345,885
1 , 254,644
- 93.681
- 45,717
+
+
+
4,921
23, 116,933
+ 517
- 56,328
+
146,822
160,411
26,829
60,906
23,511,901
+
+
3,737
+
2,909
+
48
+
13.811
+4, 099,242
B ills discounted:
Secured by U. S. Gov't obligation s,
d ire ct and guaranteed
Other b i l l s discounted
Total b i l l s discounted
Industrial advances
U. S. Government se cu ritie s,
d ire ct and guaranteed:
Bonds
Note s
C ertifica tes
B ills
Total U. S. Government se cu r itie s ,
d ire ct and guaranteed
TOTAL .10SETS
7,290
4,024
11,314
18,421
349.892
1.555
+
40,930
+4,‘099»242
L I A B I L I T I E S
F. R. notes in actual circu la tion
D eposits:
Member bank-reserve account
U. S, Treasurer-general account
Foreign
Other
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 p i t a l
1,182
+4,078,737
a c c o u n t s
Capital paid in
Surplus (S ection 7)
Surplus (Suction 13b)
Other capital accounts
TOTAL LIABILITIES AND C^PIT,.L ACCOUNTS
Ratio of 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 advances
396,032
540,251
151,644
135,371
127,946
199.956
9
+ 1.703
r - 54,615
-
77.77°
11,573
+
810
13. of»
3.348
Form F. R. 283b
STATEMENT OF CONDITIffi OF THE FEDERAL RESERVE BANKS ON- FEBRUARY 21*, 191*3
(I n thousands o f d o lla r s )
ASSETS
Total
Cleve.
Phila.
Boston New York
Rich. Atlanta
Chicago St.Louis
Gold certificates on hand and due
from U. S., Treasury
20,441.281 1151,759 6,077,731 1212,46? 1,825,201 1020,114 847,565 3, 634,615 736,736
Redemption fund - F#R#notes 35,889
6,966
1,561
2,476
663
914
5,045
5,835
2 ,734
Other cash
382, 063
18,251
22,822
16,824
18,742
85,471
61,054
46,505
34,383
Total reserves
20,859,233 1188,876 6,l6l;,763 121+1,126 1,872,56? 10ii5,82^
B ills discounted:
Secured by U. S*Govf t ob lig a tion s,
d ire c t and guaranteed
7#290
200
520
5,530
790
I25
uther b i l l s discounted
ii,022|
172
—
1,708
380
392
Total b i l l s discounted
ll*311j.
866,292 3, 696,583
758,605
Minn. Kans.Cy.
455,741 719.184 563,445 2, 196,721
746
8,035
765
147
44,390
8,994 13.IO9 11,518
464,882 733,039 575,723 2,249,146
—
140
488
120
88
—
112
—
—
—
-304
l4o
488
120
38
112
245
1.254
397
103
7
369
1,209
29
304
3,711
191,602
95,954
61,816
57,445
229,972
115,172
74,19 5
69,940
143,778
74,508
48,000
46,513
109,472
54,822
35,319
30,408
301,567
151,026
97.294
357,928-
116,887
58,537
37,711
52,055
71,147 115,723
35,630 57,957
22,954 37,335
26,886 41,783
95,615
47,886
30,848
24,266
227,305
113,333
73,335
74,138
406,817
' 439,279
317,799
230,021
907,815
265,190
156,617 252,798 198,615
488,661
530
1,182
Industrial advances
13, 7it9
U*S# Government s e cu r itie s ,
d ire c t and guaranteed:
Bonds
2,U35„86l
Notes
1,219,885
C e rtifica te s
785,875
B ills
l,l;89,ii50
7,238
608
4,511
179,830
90,057
58,018
59,155
647,963
324,503
209,050
648,883
Total U. S. Govrt s e c u r itie s ,
d ire c t and guaranteed
5.931.071
337,060 1,830.399
Total b i l l s and
secu rities
5,956,134 388,'346 1,838,245 411,908
491,715 318,66 1 230,558
908,406 265,317 157,074 254,119
Dus from foreign banks
47
3
l / 18
5
4
2
2
6
1
*
r,EU notes o f other banks
45,307
663
“ 5,756
1,074
2,108
10,413 3,693
3,560
3,176
1,448
5,685
Uncollected items
1,521,463 146,927
363,819
75,932
171,836
94,437 58,475
219,949
65,026
34,834 93,591
Bank- premises
39,179
2,717
9,805
4,743
4,308
3,Q34
1,722
£,911
¿,104
i»2P7
f*796
4,511
6rQlL9-572.
5.630
3C-Q18_________ 11,11*2___ 4 ,2 jS ____2,744
Other assets
QQ.S^B____ 6*155____ 23,329
TOTAL ASSETS
28,511,901 1733,-837 8,405,735 1741,702 2 , 551,912 1478,021 1166,660 4,042,557 1093,504 662,2891093,-742
125
120
29'7
585
520
966
♦Less than $500.
Dallas San Fran.
l / A fter deducting $29,000 p a rticip a tion s o f other Federal Reserve Banks.
198,889
492,676
1
1
4
1,111
6,620
70,108
126,!'“
1.047
£,<
3,588_____ B jjé
850,472 2 , 886,420
@FedFRASER