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Form F. R. 283 STATEMENT FOR THE PRESS Released fo r p u b lica tio n Friday morning. Mar, 2; not e a r lie r * Board o f Governors o f the Federal Reserve System March 1, 1945 CONDITION OF THE FEDERAL RESERVE BANKS . During the week: ended February 28, member bank reserve balances increased $229,000,000. Additions to member bank reserves arose from an increase- o f $155*000,000 in Reserve Bank c r e d it and decreases o f $27,000,000 in 'T rea su ry cash, $57,000,000 in Treasury deposits w ith Federal Reserve Banks and $91,000,000 in nonmember deposits and other Federal Reserve accounts, o f f s e t in part by an increase o f $98,000,000 in money in c ir c u la tio n . Excess reserves o f member banks on February 28 were estim ated to be approxim ately $900,000,000. Holdings o f loans, discounts and advances increased $27,000,000 and o f United S tates Government s e c u r itie s $208,000,000. The increase in holdings o f United S tates 'Government s e c u ritie s ' resu lted from.an increase o f $214,000,000 in b i l l s and a decrease o f $6,000,000 in bonds. Changes in member bank reserve balances and re la te d items during the week and th e y e a r ended February 28, 1945, were as fo llo w s » Increase or decrease since Fob. 28, ___ 1945 Fob. 21, 1945 Mar. 1, 1944 (I n m illio n s o f d o lla r s ) lit S. Government s e c u ritie s Loans, discounts and advances Other Reserve Bank c r e d it 19.439 > 325 39b ;+ + 7,615 + 273 + 23 T otal Reserve Bank c r e d it 'Gold stock Treasury, currency 20, 158' 20,506 4,123 :+ ' + 8,116 - 1,206 + 32 Member bank reserve balances Money in c ir c u la tio n Treasury cash . . Treasury d eposits w ith F* R* Banks Nonmember deposits and other F.R. accounts 14,228 25,750 2,357 46o 1,991 + + - 208 27 «*• 80 155 ---1 229 98 27 57 91 + 1,848 + 4,927 + 7 + 320 161 Forffl F« Rm 2830 L I A B I L I T I E S STATEMENT OF CONDITION OF THE FEDB-LiL SSSEiiTE BAIL'S 0 » FEBRUARY 28, 19^5 (I n thousands o f d o lla r s ) Total Boston New York P h ila . Cleve. Rich. Atlanta Chicago St.Louis Federal Ré.serve notes 22 , l 62 , 307- 1388,486 4,938,427 1462,262 1933 ,544 1500,118 1307,313 4067,363 Deposits: iuember bank-reserve acct.ll; ,223,453' 646,329 4 , 616,672 691,385 1039^921 596,256 626,452 2141,990 U.3 »Treasurer-general acct. 460,184 38,696 21,310 ' l.'5,472 3l4,6l6 25 ,003 190,105 23,979 Foreign 39,903 1143,231 1,191,796 99,201 47,890 78,119 1/462,507 100,341 Other 5,532 4,210 4,331 2 ,068 339 ,096 4,501 299,413 3,475 1 6 , 269,529 760,926 5 , 568,697 Deferred a v a ila b ilit y items 1,490,513 Other l i a b i l i t i e s including 8,609 accrued dividends 117,207 205,656 88,036 766 2,131' 582 Total deposits TOTdL LIABILITIES Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TJT.iL LIABILITIES iMD CAPIIAL ACCOUNTS Commitments to make in d u strial loans 321,610 1232,213 169,293 369 670,193 106,223 384 Idinn.. Kans .Qy . Dallas S&nFran. 944,602 483 Moo 317,540 556,046 2762,906 524,242 313,722 16,352 24,200 34,207 26 , 22c 61+2,473 20,36c 1,839 4,492 653,143 l 68c ,863 20,892 433 86,752 34,207 5,332 39,353 691,971 2537,905 5o->,£?01 360,097 702 ,04? 696,115 lü 20,560 222,121 1,3^3 67,540 ■ 29,729 241 323 80,610 354 91,753 371 1G,600 34,207 55,216 255 177,079 918 . 39,930,963 2275,337 10,794,961 23?2 »540 3335,919 2276,918 2091,413 6629,250 1597,366 379,46? 1600,347 1307,652 4769,263 14,986 160,507 6,016 12 , 52l* 5,202 5,552 5,341 59,794 6,730 10,157 19,769 3 ,649 16,707 6,196 35,201 6,025 15,899 7,043 19,b72 7,81? 7,936 4,950 84,903 19,071 228,153 15,239 1. I « 2,142 2,380 1,007 762 3,290 1,307 27,165 1,137 1,429 527 1,075 7,143 15,906 5,266 4,328 4,052 11 ,000 5,632 5,81? 3,619 80,817 4*784 9,703 7,131 4,645 » 4&*433,605 2308,1(47 10,962,707 2415,21? 5332,407 2300, 0 1 7 .2110,772 6695,537 1615,051 692,821 1617,073 1324,135 4309,421 3,547 — 2,479 20 400 ” — 55 ---- — — 593 F. R. notes outstanding 22>749,849 1418,812 . 5 , 105,031 1493 ; 2?6 1973,172 1526,599 1347,345 4i4o,3i8 974,146 490,504 832,616 535,075 2857,455 C ollateral f^ r F. R. notes held by F. R. Agents: Gold c e rtific a te s 10 , 896,350 610,000 3 ,070,000 61;.3 ,000 832,000 615,000 605,000 1960,000 375,000 183,350 320 ,000 259,000 1424,000 ---— E lig ib le paper 22 ,440 25,700 ' 13,950 190,500 12,230 13,900 . 292,895 9,175 U.S.Govt, se c u r itie s 12,044,135 810,000 2 ,000,000 850,000 1150,000 950, 000' 750,000 2200,000 6'54,135 310,000 525,000 345, 0001500,000 MATURITY DISTRIBUII jN OF LOINS .'JND SECURIT1:es vïithin 16 to Over 31 to 6i to 6 months 1 to 2 2! to 5 91 days to Total ¿ears years 5 years 6 months to 1 year 90 days 15 days ' 30 days 60 days ------— ....”.aa> Discounts and advances 320,776 16,610 36,521 254,730 12,915 ---Industrial loans ---— 3,801 6 6U7 3,104 32 9 3 • U. S. Government securities 31*3,200 619,802 806,370 4 , 160,201 •2,952,480 1,904,821 1236 ,¿¡40 2 , 504,500 19,439,319 4,861,505 1/ A ft e r deducting $727*1+73*000 p a r tic ip a tio n s of other Federal Reserve Banks, Form F. R. 283a Released fo r p u b lica tio n F riday morning, March 1945, n et e a r lie r . •STATEMENT OF CONDITION OF THE TWELVE' FEDERAL RESERVE BANKS'COhBINED ( In , thousands Of d o lla r s ) Increase or decrease since Feb. 28, 1945 Feb. 21, 1945 17,724,365■ 620,310 264,374 ' + 31,000 - 5,263 2/285 ' Mar, 1, 19W* A S S E T S Gold c e r t if ic a t e s Redemption fund - i \ Other cash R. notes T o ta l reserves 13,610,049 -1,573,705 + 373,668 - - 84,282 ’ ■+ 23,452 -1,284,319 ,.+ 26,721 182 + 283,666 - ’ 6,118 Discounts and advances In d u s tria l loans U. S* Govt# secu rities*« B ills C e r t ific a t e s Notes Bonds 11,830,3864,917,140 1,559,721 1,132,072. +5',483,335 +2 , 220,900 + 365-, 021 - 554,399 T o ta l U. S# Government s e c u ritie s '+ 2 1 3 '9 8 2 ' _ - - 5,980 * * 19,439,319 +208,002 +7,314,857 T o ta l loans and s e c u r itie s 19,763,896 +234,5^1 +8, 092,405 Due from foreign , banks F. R. notes o f other banks U ncollected items Bank premises Other assets 116 73,353 1,834,559 34,397 66,730 - + 942 - 99,101 61 + 1-,95? 20 659 + 153,076 625 -• 3,o4o 40,433,605 +161,732 +6 ,9 6 1#818 '320,7.763,801 - TOTAL ASSETS L I A B I L I T 1-E‘ S Federal Reserve notes D ep o sits: Member bank-reserve account U. S. Treasu rer-gen eral account Foreign Other 2 2 , 162,307 + 97,147 ♦ +4 , 823,362 14,228,453 460,184 1,191,796 389,096 +229,225 - 56,337 - 99,396 + 8,200 +1,848,717 + 320,129 - 382,680 + 149,030 T otal deposits ■ 1 6 , 269,529 + 81,642 +1,935,196 D eferred a v a i l a b i l i t y items*' Other l i a b i l i t i e s in clu din g accrued dividends TOTAL"LIABILITIES «• t - 1,490 >51,8 - 19 ,2 6 6 +. 134,681 m 199 +15? >324 ■+ 2 ,5 3 6 + 292 — - + * 2 ;ii6 ‘ + + ■+ + +161,732 ' +6,961,818 c a p i t a l 8,609 * a c c o u n t s C a p ita l paid in Surplus (S e c tio n 7) Surplus (Section l$h) . Other c a p ita l accounts TOTa L LIABILITIES AND CAPITAL ACCOUNTS R atio o f t o t a l reserves to d ep osit and F.R. note . l i a b i l i t i e s combined Commitmt-nts to make in d u s tria l loans 39,930,963 +6,395,775 166,507 228,153 27,165 80,317 40,433,605 48.4% 3,547 - .2% + 4 165* ' ♦Feb. 21 fig u re re v is e d . - 1 0 ,19 7 4 0 ,0 5 6 - 2oo 15,990 14.4?; 6,761 Fora F. R. 283b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 28, 1945 ( I n thousands o f d o lla r s ) A S S E T S Dallas SanFran. Total Boston New York Gold c e r tific a te s 17,724,865 Redemption fund-F.K.notes 620,810 Other cash 264,374 881,146 4 l,l6 2 22,780 5,015,325 103,675 64,117 960,084 3160,042 38,235 109,892 24,032 30,331 640,919 354,956 32,424 15,705 13,051 5,435 649,966 27,483 12,370 545,252 2274,271 18,462 85,260 8,767 25,779 18 , 610,049 945,083 5,183,117 1022,749 1420,708 1005,621 1022,351 3300,315 666,394 376,096 689,819 572,481 2385,310 320,776 13,900 19k 190,500 12,230 2,656 17,350 308 9,175 10 689,479 338,062 3,248,945 1 , 223,212 389,002 281,619 677,455 372,265 118,083 85,707 992,581 467,080 148,160 107,537 655,968 315,125 99,958 72,551 Total reserves Discounts and advances Industrial loans U. S. Govt, secu ritiess B ills C e r tific a te s Notes Bonds Total U. S. Government secu rities Total loans and secu rities 3,801 11,830,386 4 , 9 17,140 1 , 559,721 1 , 132,072 107,232 77,831 Cleve, Rich, 959,710 1340,695 57,810 43,165 22,203 19,874 942,499 47,537 15,535 120 A tlanta 2,200 - Chicago St*Louis 7,950 - 25,700 mm Minn. Iians.Cy. 13,950 22,440 25 mm 577,790 2074,075 456,369 :247,772 248,563 644,232 - 231,054 132,934 78,846 204,352 73,290 42,167 57,227 148,322 53,19? 30,605 - 427,382 381 • — 488 241,617 76,640 55,627 356,875 1425,695 204,-675 498,321 64,923 158,068 47,122 114,729 19 ,^ 39,319 1212,604 5,141,778 1253,510 1715,358 1143,602 962,426 3070,981 813,908 ,453,478. 801,266 673,595 2196,813 19 , 763,896 1226,698 5,332,288 1268,396 1733,016 1152,897 964,626 3078,931 839,608 ;472,428 673,976 2197r301 Due from foreign banks 116 9 F.R. notes of other banks! 2,392 73,850 Uncollected items .1,884,559 128,149 Bank premises 1,601 34,397' Other assets 66,730 4,510 to ta l assets Phila. 1/29 lT , 660 411,444 8,858 15,311 12 •12. 3,407 3,165 112,864 214.555 4', 082 3,433. 6,627 4,598 6 7,831 . 126,609 2,838 4,215 823,731 184 5 •4 3 2,170 . 3,407 9,766 5,223 9,^97 108,870 •294A56 • ?8,290 •39,112., . 93,927 3,161 1,249 l,6o4 2,105 2,655 3,530 3,530 1,763 9,25? 3,427 4 - 2,785 71,178 886 2,825 10 12,335 205,405 1,925 7,135 40, 433,605 2308,447 10 , 962,707 2415,217 3392,407 2300,017 2110,772 6695,537 1615,051 892,821 1617,073 1324^135 4809,421 l / A fter deducting $87,000 participation o f other Federal Reserve Banks.
@FedFRASER