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FormF. R. 283-d STATEMENT FOR THE PRESS Released for publication Friday morning, Mar. 13; not earlier. Board of Governors of the Federal Reserve System March 12, 1942 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 11 member bank reserve balances increased $133* 000,000. Additions to member bank reserves y.rose from decreases of $22'/, 0 JO, 000 in Treasury deposits with Federal Reserve Banks and $4>o00,00j in Treasury cash and increases of $4,000,u00 in gold stock and $2,000,000 in Treasury currency, offset in part by a decrease of $55,OOu,OuO. in Reserve Bank credit and increases of £2,u00,000 in money in circulation and $47,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on Mdroh il were estimated to be approximately $3*270,000,000, an increase of $60,000,000 for the we^k. The principal change in holdings of bills and securities was a decrease of $9,000,000 in united States Government bonds. Changes in member oanic reserve balances and related items during the week and the year uaded March 11, 1942, were as follows: Increase or decrease since Mar. 11, 1942 Mar. 4-, 1942 Mar. 12, 1941 (In millions of dollars) Bills discounted (J. S. Government direct obligations U. S. Government guaranteed obligations Industrial advances(nob including 13 million commitments - March 11) 0thwr Reserve Bank credit o 2,249 Li 9 79 « - - 9 ~~ — 4° + 5 70 1 + 1 28 + + Total Reserve Bank credit Gold stock Treasury currency 2,34.7 22,709 3,271 —35 + 4 + 2 + 10,3 391 + 165 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonnember deposits and other F. R. accounts 12,968 11,520 2,176 60 1,603 + 133 + 2 - 4 - 227 + 47 -1,21^3 +2,709 20 - 3&1 - 425 Form F. R. 283-d Released for publication Friday morning, March 13,1942; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar. 11, 1942 Mar. 12, 191*1 Mar• 4, 191*2 A S S E T S Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash + .410,632 3,090 260 11,999 1,000 7,002 * 20,855,835 20,001 + 1*13,982 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed Other bills discounted 5.1*20 919 255 321 + + 1*,1*79 508 Total bills discounted 6,339 + 576 + 4,937 Industrial advances U. S. Government securities, direct and guaranteed* Bonds Notes 8,686 + 52 + 805 1,560,736 692,500 - Total U. S. Government securities, direct and guaranteed 2,253,236 - 9,250 69,136 Total bills and securities 2,268,261 - 8,622 71*, 928 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 1*7 25,614 1,017,991* 40,699 55,71*1* - 24,2614,191* - Total reserves T O T A L A S S E T S 20,513,911 lli,00l+ 327,920 + 9,250 + — - 276,136 207,000 . 552 31*, 1*52 30 it, 630 - .1 3»7l*o 156,078 8 03 1,862 17,861 + 61*7,669 8,597,386 12,710 +2 ,550,050 12,968,350 60,267 71*3,729 573,026 14,31*5,372 +133,592 -226,581 + 27,920 + 18,509 - 46,560 + + + 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 Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L + 11,201 7,592 4,252 23,889,2614 18,397 127,571* + 1,228 643,614 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 and F. R. note liabilities combined Commitments to make industrial advances 938,911* -1,242,492 361,156 1*19,1*11* 12,176 •2,035,238 - 11*3,193 157,502 26,781 1*7,1*51* 24.26i4.i9l* + 78 + + - - - 90.9$ + 13,371* - 458 17,861 .2/0 172 - + + - 3,522 1*37 1* 100 647,669 .2% 6,813 Form F. R. 283-b STATEMENT OF CONDITION CF THE FEDERAL RESERVE BANKS ON ivIARCH 11, 191+2 (in thousands of dollars) A S S E T S Total Boston Nov/ York Phila. Clove. Rich. Atlanta Chicago St,Louis iiinn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.s, Treasury 20,513,511 1,162,71+3 8,136,936 l,11+9,667 1,6^7,1*50 Redemption f una - F.R. notes li+;00l+ 3. 706 l.jl+2 1,^ 1,000 other cash 327,920 28,6),i 68.,539 2i+.93^> 26.;/)i 807,^1 589*055 3 M 627^98 359,907 5l+l+,lll+ 382,057 1,652,508 1 .5»;0 Mo Ij / 1+97 326 627 1+79 1,092 17.096 20.090 55..^ 19,152 5,999 13,615 12,513 31,930 Total reserves 826,280 609,761 3,534,653 61+7,11+7 366,232 558,356 395,01+9 1,685,530 20,855,855 1,195,090 8,206,817 i 1,175,879 1,655,01+1 Bills discounted: Secured by U* S* Gov't obligations, 5,1^20 direct and guaranteed Other bills discounted 919 270 — i+,270 600 689 50 11 110 6,339 270 4,870 739 121 Industrial advances 8,636 U. S* Gov^rrjii^nt securities, direct und ^uurantjed: Bonds 1,^60.756 Motes 692,500 037 1,097 i+,167 215 11L,838 50,951; 1+30,879 191-181 Total U. S. Gov't securities direct and gu^runce~od 2~ 253,236 lt>5,792 2,268,261 Due fron foreign banks 1+7 F. R. notes of otn,r banks 25,611+ Uncollected items 1,017,994 Bank promises ' 1+0,699 Other assets 5 5 M Total bills discounted 125 — — — — — 125 — - - — — — — — — 10 71 88 81 88 i+5 i+5 6 515 77 238 120 66,387 29.1+56 189-868 73,720 81+. 245 32,709 1+7,127 20,911 71,369 31,666 60,811+ 26,983 13i+,825 59,823 222,858 13!+, 67 8 95,81,3 27i+,H3 106,1+29 68,038 103,035 87,797 19it,6i+8 182,851 223,191+ 135,1+30 96,1+52 271+,1+91 106,1+35 o8,553 103,193 88,123 191+, 813 5 1,555 70,1+55 h 1.-7? 122rbl* 7,761 XO-6 1 * 1 1 2,215 673 ( 1.9&2 023 ,-0383 2i+,0I3 1+2,2o3 30,679 2-A6 1,333 2,861 1,125 2.505 1,625 2,272 1,91+6 h 3,51+8 o7,»5b 2,755 4,9^5 752 1+81+ 123,256 54.-689 93,287 151+, 366 AQ JKJ},OO L , > —1,1,391 622,060 177,945 166,099 628,02.7 3 721+ 86,8ol 2,768 5,609 18 3,167 230.3-3 10,1,70 il+,ir, 378 Total bills and T O T A L A S S E T S 2 b6 3,353 2 1+A51 1+1.>''6 1O H 2,101 6 2,5I6I//V0 S.XO 5,9-6 21+, 261*, 19I+ 1,455,751: 9,093,309 1,443,351 2,012,616 1,057,522 756,53-- 3.982,301+ 806,632 462,427 710,908 523,51+7 1,959,1+10 *L-'?bS than $500. Fori;: F. R. 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON 11ARCH 11', 19k2 (In thousands of dollars) •H I A B I L I I I 2 S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir8,597,386 culation Deposits• Member bank-reserve acct* 12,968,350 60,267 U.S•Treasurer-General acct Foreign 71+3,729 573,026 Other deposits 697,159 2,193,863 606,396 819,955 l*k7,95k 301,099 1,796,062 337,629 218,868 273,531 lbl,b9k 60I* ,193 5,763,006 1,223 1±7,81*9 28,331* 293,210 16,622 1*62,232 61*1,990 535 70,1*82 15,039 9li7,190 552 67,5145 25,527 1*72,381* 369,836 1,901*,307 377,833 187,91*3 356,759 311,269 1,031,590 616 585 589 3,339 5k 5 5,313 553 568 21,291 21,291 32,301* 25,696 55,623 89,570 22,026 16,152 1,296 2,1*70 23,772 2,379 6,512 8,915 3,133 3,129 Total deposits 650,372 6,506,297 728,01*6 1,01*0,811* 508,371* 399,229 1,996,61*5 1*11,760 213,55^ 379,962 335,615 1,111*,503 ll*, 3l*5,372 Deferred availability items Other liabilities including accrued dividends 938/M 32,023 203,220 70,519 116,693 1*96 905 3,925 1*20 7,592 81*,7u6 1*2,021 3k8 201* 11*0,352 1*5,237 20,121* 1*60 121* 11*1 758,376 1*0,825 3k,c95 58 ,i*59 127 163 259 23,889,361* 1,1*30,05^ 6,961*,285 1,1* J8,880 1,977,832 1 ,01*1,1*22 71+2,553 3,933,739 79k,750 1*52,683 099,kk5 511,967 1,931,597 TOTAL LIABILITIES T C A P I T A L A C C 0J N T S Capital paid in 11+3,193 Surplus (Section 7) 157,502 Surplus (Section 13b) 26,781 Other capital accounts 1*7 ,k5k 9,li05 10,91+9 2,871; 2,1*76 52,208 56,651 7,o70 13,095 11,81*1 15,171 k,393 3,060 lb,767 11*, 5l*o 1,007 a,611* TOTAL LIABILITIES AND CAPITAL ACCOUNTS • 2h,26b, 19U 1,14^5,754 9,093,309 1,1*1*3,351 2,012,610 Conruitments to inaice industrial 1,028 128 advances 2,109 1+31 13,37k 5,753 5,230 3,21*1* 1,967 4,933 5,725 713 2,585 15,793 22,925 1,1*29 8,1*10 i*,li58 1*,966 530 1,928 3,oli3 3,152 1,000 2,511* b, 61*7 3,613 1,137 2,066 U,l*26 3,976 1,263 1,915 ii,9lk 10,792 2,121 2,986 057,622 756,311* 3,902,301* 306,632 1*62,1*27 710,908 523,51*7 1,959,1+10 V 1,1*32 1,611* 1,93k 1,056 23 1,500 2,119 I'.iATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted 6,339 Industrial advances e;686 U. S. Government securities, direct and guaranteed 2,253,236 Within 15 days 16 to '5'b d ays 6,011* 28 2,1I4O 372 31 to 60 days 100 183 61 to 90 days 56 967 91 days to 6 months 129 1,01*1 6 months to 1 Year 12 938 97,000 1 Year to 2 Years 2 Years to 5 Years 1,569 1,176 21*7,200 477,000 Over 5 Years 1,1*32,036 Form F . R . FEDERAL RESERVE NOTE STATEMENT ON ivlARCH 11, 19^2 (In thousands of dollars) Total Federal Reserve no boss Issued to F.R.Bank by F.R.Agent Mold by Federal Reserve Bank in actual circulation Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis liinn. Kans.Cy. Dallas San Fran. y,000,c>?C 716,652 2,295,212 629,loo 852,5214. 483,288 322,717 1,81*0,137 35li#9U* 221*,081* 289,77^ 157,323 83U,83i| U03,30l| I9,l9'3 101,3^9 22,770 32,56* 55,33k 21,61*8 14^,075 17,320 5,216 11,210 15,829 76,450 8,597,386 697,159 2,193,863 606,396 819,955 W7,95l! 301,099 1,796,062 337,629 218,868 278,-531 lhl,h9h 753,376 1 a 1 h..1 d tJ by o ent as sorarity for notes issuea zo bank: Cola cei ti.l\i.c~t Jo on uand and da^ from. j. d. Tr-^sury -Li-hlj pap.r Pot^i coiiut^rdi 9,12lj,500 71(0,000 2,300,000 t>40,000 655,000 500,000 330,000 l,860,0o0 370,000 227,000 295,000 163,500 814*,000 ' 5,905 270 4,070 c90 -— — — — — 75 — 9,130,405 7^0,270 2,30!;,370 64^,690 855,000 500,000 350,000 1,860,000 370,000 227,000 295,075 163,500 844,000
@FedFRASER