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Form F. R. 263 STATEMENT FOR THE PRESS Released for publication Friday morning, Feb, 27; not earlier. Board of Governors of the Federal Reserve System February 26, 1942 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended February 25 member bank reserve balances decreased $ 3 3 7 , , 0 0 0 • Reductions in member bank reserves arose from increases of $5311,000,000 in Treasury deposits with Federal Reserve Banks, $63,000,000 in money in circulation and $8,000,000 in Treasury cash, and a decrease of $12,000,000 in Reserve Bank credit, offset in part by increases of $3,000,OuO in gold stock and $2,000,000 in Treasury currency and a decrease of £97,000,000 in nonraember deposits and other Federal Reserve accounts. Excess reserves of member banks on February 25 were estimated to be approximately $2,oOO,000,000, a decrease of $p00,000,000 for the week. Tho principal change in holdings of bills and securities was an increase of $12,000,000 in United States Government bonds. Changes in member bank reserve balances and related items during the week and the year ended February 25, 19^2, were as follows* Increase or decrease since Fv^b. 25, 19I& Feb. 16, 19U2 Feb. 26, 191+1 (In millions of dollars) Bills discounted U. S. Government diroct obligations U.S. Government guaranteed obligations Industrial advances(not including 15 million commitments - February 25) Other Reserve Bank credit + 1 +12 — + 1 79 1 117 1 - 25 + 69 Total Reserve Bank credit Gold stock Treasury currency 2,392 22,715 3,266 - 12 + 3 + 2 + + 169 536 I05 Member bank reserve balancos Money in circulation Treasury cash Treasury deposits with F.R. BanKS Nonmember deposits and other F. R. accounts 12,521 11,422 2,169 79 a 1,442 -537 + 63 + 0 +534 - 97 -l ,654 +2,697 15 + 430 591 I4. 2,256 J4 6 - + + -Form. F. R. 283-a Released for publication Friday morning, February 27, 191+2; not earlier. STATEMENT OF CONDITION RESERVE BANKS COMBINED OF THE TWELV E FEDERAL i (In thousands of dollars) Increase or decrease since Feb, 25, 191+2 Feb. 18, 1942 20,502,517 13,139 333,301 998 + 120 - 19,116 20,61+8,957 - 19,996 Feb. 26, 191+1 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 3,311 570 + 3,881 + + + - 51+1,236 3,895 1+,1+aO 51+0,651 + 879 ll+2 - 1,219 55 737 + 1,161+ + 059 Industrial advances U.S. Government securities, direct and guaranteed; Bonds No te s 8,1+99 51+ 1,569,986 , 692,500 + 12,1+26 Total U. S. Government securities, direct and guaranteed 2,262,1+86 + 12,1426 + 78,366 Total bills and securities 2,27l+, 806 + 13,109 + 80,209 Due from foreign banks F'. R. notes of other banks Uncollected items Bank premises Other assets hi 26,886 1,171,571 40,734 1+ ;,59e> + + + + 1,169 653 15 769 - 1|,076 T O T A L A S S E T S 21+,1+12,659 - • 285,336 207,000 - - • + + + - 6,2ll4 312,223 782 3,602 936,1+77 L I A B I L I T I E S F. R. notes in actual circulation Deposits j i'.;ember bank - reserve account U.S. Treasurer - General account Foreign Other deposits Total deposits Deferred availability items other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L 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 u.nd i<. R. note liabilities combined Commitments to make industrial advances 8,505,938 + 67,830 + 2 , I 0 3 12,521,173 796,1+29 61+9,387 50l+,3l+2 -536,^9 -l ,053,551 + 1+30,51+2 l+82,l5o H5,oi+l+ 11+, 1,73,031 - 90,095 + 26,010 l,05l+, 086 + 23,790 + + - 11+3,085 157,502 26,731 1+7,095 + + 279 21+,U2,659 - 1I,076 + — - ll+,92l 29 + 932,783 + 3,1+99 1+37 1+ 238 + — — - 66 223,651 178 3,739 214,038,196 90.1% 657 h,3ob - 1 ,020,209 - + 936,1+77 9,655 Form F. R. 283«b STATEMENT OF CONDITION OF THE FSDEEAL RESERVE BANKS ON FEBRUARY 25, 191*2 (In thousands of dollars) A S S E T S Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. CIeve. Phila. Total Boston New York Gold certificates on hcjad, and due from U.S. Treasury 20,502,317 1 ,190,539 8,01*0,01*6 1 ,155,739 l,o53,828 336 1*1*0 Redemption fund - F.R.notes 13,139 3,71*2 1,1*87 28,781* Other cash 28,181* 333,301 27,81*7 65,11*5 809,023 580,336 3,500,365 631*,822 368,996 51*1*,678 399,771 1,621*, 32I* 508 1*85 1,382 637 1,107 331 1,51*7 637 31,723 53,811* 20,008 18,231 20,806 6,1*12 15,381 11,856 Total reserves 829,186 601,839 3,560,726 655,338 375,739 5oO,69O 1*12,112 l,o57,l5l* 20,848,957 1,222,465 8 -,106,o78 1 ,183,972 1,683,052 Bills discounted: Secured by U. S* Gov't obligations, direct and guaranteed 3,311 570 Other bills discounted 'Total bills discounted 337 — 1,508 25 82? 97 119 80 1-99 215 200 — — — — — 50 36 1*5 21*5 70 87 80 — - — — 86 290 157 757 75 510 518 81* 239 80 120 71,809 31,675 61,171 26,981 135,609 59,816 200 — 75 3,881 337 1,533 921* Industrial advances 8,1*99 U. S. Government securiti es, direct and guaranteedBonds 1,569,986 Notes 692,500 1,097 1,097 3,1*91 115,515 50,951 1*33,522 191,220 121*, 012 51*, 700 155,286 68,1*95 93,795 1*1,372 66,778 29,1*55 190,931* 71*, 11*6 1*7,1*09 81*, 218 32,705 20,912 Total U. S* Gov't securities, direct and guaranteed 2,262,1*86 106,1*66 621*, 71*2 178,712 223,781 135,167 96,233 275,152 106,851 68,321 103,1*81* 88,152 195,1*25 Total bills and securities 2,271*, 866 167,900 627,372 183,127 221*, 195 136,121* 96,813 275,518 106,856 68,925 103,858 88,51*8 195,625 Duo from foreign banks 1*7 F. R. notes of other bank:s 26,886 Uncollected items 1,171,571 Bank premises 1*0,731* oth.,r ussets 1*9,593 3 18 l*,23l* 277,77o 10,1*89 13,726 5 916 71,589 1*,856 3,372 1* 0 ! 1 11*9,922 1**1*20 5,326 * 1 6 1 O L I ^ 1 1,1*60 651* 2,91*9 178,91*5 1*8,106 26,1*91 51,538 2,867 2,150 1,336 2,965 1,502 2,156 2,175 5,679 1 901 1*3,1+55 1,133 1,912 1* 3,805 72,261 2,760 l*,oll T O T A L A S S E T S 601 111,819 2,773 3,U39 2 2 3,602 2,831 92,220 1*7,1*1*9 3,ol*l* l,9l*i 2,ol*3 3,157 366 5 21* ,1*12,659 1,509,000 9,01*0,293 1,1*1*8,337 2,009,331 1,006,561* 753,691* L+,*026,783 817,11*7 1*71*,61*7 722,576 31*8,062 1,936,220 *Less than *500. Form F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 25, 191+2 (In thousands of dollars) L I A B I L I T I E S New York Phila. Clove. 696,309 2,170,213 602,011+ 812,252 1+1+0,01+1+ 289,11+1+ 1,789,751+ 332,597 215,901+ 273,959 139,081; 7l+l+,ooU 577,06k 5,611,850 72,789 251,305 25,913 258,713 17,21+1 388,167 587,537 81,597 60,972 15,895 93i+,000 59,71+1+ 58,1+32 26,158 1+1+2,1431 339,151+ 1,880,901 365,551 171,172 337,91+2 295,001 i+7,085 141,801 55,782 30,893 30,021. 32,832 39,1+81+ 27,91+5 22,229 77,1+85 19,051+ 13,973 18,1+19 18,1+19 2,815 14,263 2,ok7 9,1+35 10,029 1,1+60 1,321 977,970 53,893 1+8,333 214,1411 693,007 6,510,035 71+6,001 1,073,331+ Total F. R. notes in actual circulation 8,505,938 Deposits: Member bank-reserve account 12,521^.73 [J.S.Treasurer-General acct. 798,429 Foreign 614.9,887 Other deposits 50l+,3l+2 Boston Total deposits 14,1+73,831 Deferred availability items l,05l|,683 Other liabilities including accrued dividends 3,739 TOTAL LIABILITIES 93,1+35 230,230 571 810 65,6214 Rich. Atlanta Minn. Xans.Cy. Dallas San Fran. 520,876 1+07,1+1+7 2,016,815 l+2l+,933 225,798 390,653 355,325 l,lol+,6o7 89,110 1+3,156 171,258 1+7,61+1+ 23,031+ 146,1421 1+1,938 59,08? 11+3,701 290 Chicago St.Louis 351+ 31+5 216 1+71 112 131 120 175 11+1+ 214,038,196 1,1483,322 8,911,338 1,1+13,929 2,03l4,ol+l 1,050,375 739,963 3,978,293 305,236 1+614,927 711,153 536,522 1,908,1+1+2 £ A £ 1 1 £h £ £ £ £ £ £ ! £ Capital paid in 11+3,085 Surplus (Section 7) 157,502 Surplus (Section 13b) 26,781 Other capital accounts 1+7,095 9,1+01 10,91+9 2, >,874 -,1+51+ 52,229 50,051 7,070 13,005 11,837 15,171 ll+,7o2 ll+,3l+6 1,007 4,575 14,393 3,007 5,71+6 5,236 3,21+1+ 1,963 4,930 5,725 713 2,363 15,751+ -'2,925 1,1+29 8,382 l+,l+53 1,966 530 1,912 3,039 3,152 1,000 y,529 1+,61+1+ 3,613 1,137 2,029 32 14,1+02 3,976 1,263 1,899 11,888 10,792 2,121 2,977 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 24,412,659 1,509,000 9,040,293 1,14148,337 2,069,331 1,066,5614 753,6914 4,026,788 817,1147 1+74,647 722,576 51+8,062 1,936,220 Commitments to make industrial advances 1^,921 130 1+35 2,854 1,039 1,1+55 1,61+1+ l,93t 1,120 23 1,500 — 2,787 MATURITY DISTRIBUTION OF BILLS AMD SECURITIES Total Bills discounted Industrial advances U. S, Government securities, direct and guaranteed 3,881 8,1+99 2,262,1+86 Within 15 days 3,1+06 2,225 16 to 30 days 31 to 60 days 30~ 318 211 361 6l to 90 days 81+ 256 91 days to 6 months 112 1,1431 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years 38 979 1,595 1,331+ 97,000 21+7,200 1+77,000 Over 1,441,286 Form F. R. 283-d FEDERAL RESERVE NOTE STATEMENT ON FEBRUARY 25, 19k2 (In thousands of dollars) Federal Reserve notes: Issued to F.R. Bank by F.R.Agent Held by Federal Reserve BariK In actual circulation Total Boston New York Phila. 8,866,489 380,331 716,364 2,266,338 626,960 20,055 96,125 24,946 6,305,938 696009 2,170,213 6o2,0l4 Cl^ve. 844,376 32,124 612,252 Rich. Atlanta 474,849 34,805 Chicago St.Louis 316,000 1,6^,313 20,856 32,559 Linn. Xans.Oy. Dallas San Fran. U05 2 2 1 , 2 2 7 232,902 134,318 6 1 2 , 2 9 9 1^086 5,263 9,003 15,234 6 7 , 6 9 5 440,044 269,144 1 , 7 8 9 , 7 5 4 332,397 215,954 273,959 139,084 744,604 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S.Treasury Eligible paper " Total collateral 9,044,000 740,000 2,280,030 640,000 845,000 503,000 325,300 1,860,000 360,000 222,030 285,000 138,000 829,000 3,309 337 1,534 874 — 200 ~ « — 86 278 9,047,309 740,337 2,281,534 640,874 845,000 500,200 325,000 L,oo0,00o 36-J,JOJ 222,036 285,273 136,000 329,000
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