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Form F. R. 283-d STATEMENT FOR THE PRESS Released for publication Friday morning, Feb, 6; not earlier. Board of Governors of the Federal Reserve System February 5, 19^2 CONDITION OF THE FEDERAL RESERVE BANKS During the weeic ended February II member bank reserve balances decreased $226,000,00u. Reductions in member bank reserves arose from increases of $131;, 000,000 in money in circulation, $7l|,000,000 in Treasury deposits with Federal Reserve Banks and $5,000,000 in Treasury cash and from decreases of 823,000,000 in Reserve Bank credit and $6,0JO,000 in gold stock, offset in part by a decrease of $13,000,000 in nonmember deposits and othor Federal fc^so-rve accounts and an increase of $3,000,^00 in Treasury currency. Excess reserves of m.,m'oer banks on February U v/^re estimated to be approximately $3,3?0,000,000, a decrease of $150,000, uOO for thw Weeiu Changes in member bank reserve balances and related items during the week and the year uiided February 1;, 19^2, were as follows; Increase or decrease s inc e Fob. u, 19i|2 Jan. 28, 19/4 2 Feb. 5> 19U1 (In millions of dollars) Bills discounted I4. U. S. Government airect obligations 2,239 U. S. Government: guaranteed obligations ]+ Industrial advances (act including lit million commitments - February U) 9 Oth .-r Reserve Bank credit 61 Total Ros^rvo Bunk credit Gold stock Treasury currency 2,316 22,738 3,259 ivUmoer bank reserve balances Money in circulation Treasury cash Treasury deposits with F.R. Bunks Nonmember deposits and other F. b. accounts 11,231 2,201 376 1,656 — ~~ - . + + 2 60 1 - 22 + + 1 38 - 23 6 3 + + + ,99 610 160 + - 226 + l3h + 5 + lb - 13 - 993 +2,601* 11 - 316 - £ll Form F. R. 283-d Released for publication Friday morning, February 6, 19i|2; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Feb, k, 1942 Jan. 28, 1942 Feb. 5 1941 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 + - 499 535 21,2814 - 617,236 2,«76 650 - 22,318 + 619,462 3,006 732 - + 1,591 - 82 125 3,738 - 207 -f 9,001 - 23 20,521,517 11,060 350,171 20,883,348 - - + 8 1,599 Industrial advances U. 3. Government securities, direct and guaranteed; Bonds IvotoS 1*550,155 692,500 — + — • Total U. 8. Government securities, direct and guaranteed 2,2142,655 — + 58,555 Total bills and securities 2,255,39!; - + 6l,28i| from foreign banks F. R.notes of other banks Uncollected items iit-nk premises Other assets hi 32,779 1,00b,1,59 40,710 hl,lhh •f 876 4* 13,822 h9 958* T O T A L A S S E T S 214,267,681 230 1,130 205,555 207,000 - - — • 6,941* 7,203 -f 287,726 732 3.5U5 - 4- 972,862 L I A B I L I T I E S F. R. notes in actual circulation Deposits: member bank - reserve account U.S.Treasurer - General account Foreign Cth ,,r deposits Total deposits D-ferroa availability .items UtJur liubiliti3s including accrued dividends 8,351,6142 +121,517 l^,oU8,808 376,2u5 od2,i40o 064,551 525,800 71^,096 315,787 501,518 8J4,2l|0 - + 21,426 + Io3,932 4- 35,713 - 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) Otlmr capital accounts 23,693,739 - 157,502 26,701 116,936 TOTAL LIABILITIES AL'D CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to make industrial advances 214,267,801 992,70^ - 33,o5l 2,653 11*2,923 • - Uf,592,010 9h'l,h5h +2,115,176 199 6,901 -1 ,725,769 4- 21+9,657 - U 4- 969,360 21 4 4- h - 6l* - 353 - 6,9l[l* 4- • — — 91.0% 4 Hi, 132 - + 972,862 - iko 3.U22 li57 + * J an • 2<8 figures revised • .2% 8,935 Form F.R. 283-b STATH-IENT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil FEBRUARY 1+, 191+2 (In thousands of dollars) A S S E T S Total Boston New Yoric Phila. Clave. Gold certificates on hand and due from U. S. Treasury 20,521,517 1,207,914 8,196,099 1 ,176,861 1,636,799 Redemption fund -F.R.notes ll,ooO 3,865 509 593 991 Other cash 350,171 30,201 67,890 27,757 34,707 78I+,088 55u,226 3,U17,628 629,217 370,192 553,871+ 392,059 1,599,960 510 l,lol+ 726 51+9 1,012 671+ 351 711+ ll+,330 6,21+1 57,786 21,201 .'31,763 11+/917 19,591+ 23,731+ Total reserves 80l+,69!+ 578,671+ 3,1+76,11+2 650,967 376,781+ 569,465 1+07,51+9 1,632,867 20,383,348 1,246,466 8,264,980 1,207,127 l,ot>7,593 Bills discounted: secured by U.S. Gov't obligations, direct and guaranteed 3,006 Other bills discounted 732 925 1,120 - - - - 761 50 - - — 95 — — 95 21+5 — — — 3,738 925 1,120 811 Industrial advances 9,001 U. S. Government securities, direct and guaranteed: Bonds 1,550,155 Notes 692,500 1,1+92 1,097 3,562 lll+,o61+ 50,956 427,857 191,137 122,391 51+, 677 153,313 68, i;90 Total U. S. Gov't securities, direct and guaranteed 2,242,655 165,020 618,991+ 177,066 Total bills and securities 2.2'rf^Qh 167,1+37 621,211 Due from foreign banks 47 F. R. notes of other banks 32,779 Uncollected items 1,000,459 Bank premises 40,710 Other assets 47,144 3 570 92,599 2,773 3,263 18 3,655 21+3,916 10,1+89 12,772 Total bills discounted tot a L A S S E T S Rich. Atlanta 760 Chicago St.Louis Minn. Kans.Cy. Dallas — — —— — 510 379 3 San B'ran. 25 58 75 1+1+2 1+0 37 60 83 517 127 60 501 85 2k6 121 92,705 65,939 1+1,1+15 29,1+56 188,61+9 73,232 6^,276 32,711+ 40,801+ 70,866 20,907 31,656 60,1*05 26,986 133,930 59,330 221,803 13l+,120 95,395 272,925 105,91+6 67,711 102,522 87,391 193,7o0 181,1+1+1 222,11+3 13l+,880 95,905 273,301+ 105,91+9 68,295 103,121+ 87,761+ 193,91+1 5 1,231+ 67,782 l+,855 3,710 1+ 1,722 112,993 l+,l+29 5,131 2 3,898 82,961 3,008 2,981 2 3,526 1+3,009 1,91+5 1,91+1+ * 1 6 l 3,217 2,259 2,393 1,119 158,300 113,530 22,779 39,255 2,667 1,336 2,965 2,150 2,101 1 , 1 + 6 1 + 5,1+25 2,091+ l 667 • 37,81+6 1,133 1,303 1+ 3,319 63,1+89 2,760 l+,l+56 21^,267,881 1,513,131 9,157,ola 1,1+66,151+ 2,oil;,015 1,037,1+21+ 725,005 3,919,359 806,950 1471,777 719,206 536,963 1,900,856 *Less than $500. Form F. E. 283-c STATEMENT or- CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY h, 191+2 (In thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual circulation 8,351,61+2 Deposits; i»3ifibcr Dank-reserve acct. 12,81+8,303 U.S. Treasurer-General acct. 376,21+5 Foreign 682,1+06 Other deposits 68l+,551 Total deposits lit, 592,010 Deferred availability items 9l+7,i+3l+ other liabilities including accrued dividends 2,653 TOTi.L LIABILITIES Capital paid in Surplus (section 7) Surplus (o^ction 13b) Other capital accounts Boston Nev/ York Phila. Clove. 685,1+1+3 2,129,1+1+3 581+,830 791,188 it33,753 287,816 1,757*951 529,832 213,11+1+ 271,25a 138,35i4 728,33i4 631+,529 5,826,01+5 32,287 51+, 979 26,896 267,991 21,370 522,236 o6i+,0i+6 2it,235 6i+,-693 19,717 970,1+10 31,14+9 61,997 17,21+3 i+53,055 335,960 l,32i,2U7 36it,359 17U.153 31+6,22b 303,060 53,961 20,813 29,602 29,126 2it,263 19,2itit 20,352 32,211+ 20,217 lit, 825 I9,5it3 19,5it3 29,651 23,5^6 it,512 5, it 03 5,353 10,057 17,51*2 11,260 1,959 951+, 916 35,931+ 51,250 it9,259 715,582 6,671,301 772,691 1,031,101+ 71+, 026 106,737 36,01+1 1+20 226,980 i+87 271+ 197 Rich. Atlanta Chicago -St.Louis ; inn. Kans.Cy. Dallas San Frail. 507,it33 363,250 1,967,it79 it22,93l 229,8i|.0 396,356 352,170 'T709T7359" 53,013 Iit5,lit3 it2,2it3 13,933 39,597 3a,009 79,752 140,055 310 76 302 152 108 9it Hit 119 23,893,739 1,1+87,1+86 9,028,211 l,it31,7itit 1,979,353 1,021,21+8 711,279 3,870,875 795,j82 1+62,075 707,801 525,1+55 l,~873,"l30 lit2,923 157,502 26,781 1+6,936 9,it 03 I0,9it9 2,87b 2,1*19 52,215 56,651 7,070 12,89lt 11,81+9 15,171 it, 393 2,997 lit,752 iit,3it6 1,007 it,557 5,7itit 5,236 3,2itit 1,952 it ,925 5,725 713 2,303 15,722 22,925 1,1+29 8,1+08 h,hh9 it, 966 530 1,923 3,025 3,152 1,000 2,525 it,626 3,613 1,137 2,029 i+,37i+ 3,976 1,263 1,895 11,839 10,792 2,121 2,97lt TOT.iL LIABILITIES AND C A P I T A L ACCCUIITS 2it,267,88l 1,513,131 9 , 1 5 7 , o u 1,166,15a 2,0114,015 1,037,121+ 725,005 3,^19,359 806,950 1+71,777 719,206 536,963 1,900,856 Coimaiteents to nake industrial advances lit,132 H+9 373 2,808 1,055 857 1,667 1,771+ 1,100 25 1,500 2,821+ kATORITY DISTRIBUTION OF BiLLS ;,ND SECURITIES Total Bills discounted 3,733 Industrial advances 9,001 U. S. Govcrjjnent securities, direct and ^uurante^d 2,2i42,o55 Within. 15 days 3,079 2,673 16 to 30 days 21+ 399 31 to oO days 153 203 6l to 90 days 308 31+2 91 days to 6 nonths 126 1,1+67 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years Uver 5 Years 1+8 1,010 1,561 1,31+6 97,000 21+7,200 i+77,ooo 1,121,1+55 Form R. 283-d FEDERAL RESERVE NOTE STATdLlENT OK FEBRUARY I4, I9h2 (In thousands of dollars) Total Federal Reserve notes: Issued to F.R.Bank by F.R.Agent Held by Federal Reserve Bank In actual circulation Boston LTev York Phi la. Clevt.. Rich. Atlanta Chicago So. Louis Ivlinr:. Kans.Cy. Dallas San Fran. 8*739,076 705,815 2,214;,025 605,870 821;,1*15 4 0 0 , 8 9 7 305,625 1,791,720 344,355 219,093 ^87,^6 20,372 111;,582 21,046 33,225 33,144 17,80Q 36,789 14,523 5,9l+9 279,196 8,351-,61*2 685,U;3 2,129,1^3 581;,830 791,188 ii33,753 207,816 1,757,951 329,832 271,251 13o,35U 726,631; 213,14!; 7,942 150,725 798,338 12,371 69,70^ 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 8,860,500 720,000 2,250,000 Ol5,000 825,JOO I;85,000 310,000 1,820,000 3o0,0.J 222,000 280,000 151;, 500 819,000 3,391; 925 1,120 761 - - — — — ' - - 83 505 8,863,8}!; 720,925 2,251,120 615,761 825,000 485,000 310,000 1,620,000 360,000 222,083 260,505 154,500 ol9,000
@FedFRASER