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Form FR-2S3 STATEMENT FOR THE PRESS Released for publication Friday morning, March 155 not earlier. Board of Governors of the Federal Reserve System March 14, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 13 member bank reserve balances increased $72,000,000. Additions to member bank reserves arose from decreases of $18,000,000 in money in circulation and $10,000,000 in Treasury deposits with Federal Reserve banks, and increases of $62,000,000 in gold stock and $9,000,000 in Reserve bank credit, offset in part by increases of $4,000,000 in 'Treasury cash and $24,000,000 in nonmeniber deposits and other Federal Reserve accounts. Excess reserves of member banks on March 13 were estimated to be approximately $5,780,000,000, an increase of $50,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended March 13, 1940, were as follows: Increase or decrease since Mar. .13, 1940 Mar. 6, 1940 Mar. 15, 1939 (in millions of dollars) Bills discounted Bills bought U.S.GovU securities,direct and guaranteed Industrial, advances (not including 9 million commitments - March 13) Other Reserve bank credit _ _ 3 2,477 - - - - — — - 1 87 + 4 21 10 34 + 9 Total Reserve bank credit Gold stock Treasury currency 2,524 18,282 2,985 + + + 9 62 1 71 +3,299 + 153 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F. R. accounts 12,439 7,463 2,362 526 1,001 + 72 18 4 10 24 +3,362 + 712 - 350 - 533 + 190 - - + - + Form ER-283~a PolQased for publication Friday morning, March 15,1940; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Mar.13, 1940 Mar. 6, 1940 ILir. 15, ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash 15,932,621 9,360 362.538 + 64,000 212 + 6,352 +3 ,678,859 Total reserves 16,304,519 + 70,140 +3,638,061 Bills discounted! Secured by U. S. Gov!t obligations, direct and guaranteed Other bills discounted 369 2,620 + Total bills discounted 2,989 + Bills bought in open market Industrial advances U. S. Government securities, direct and guaranteed: Bonds Notes Bills 10,423 + 19 2,490,682 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 18,484 712,167 41,703 69,540 19,637,142 - - + - - + — + 31 - - - 1,451 + 92,987 3,845 1,563 1,095 468 554 3,636 - - 86,745 - 91,403 - 121 2,341 5,930 1,029 23,459 - - + 65 40,863 432,955 12,044 507,656 - — Total bills and securities + - ~ 1,344,045 1,133,225 2,477,270 ASSETS 12 - Total U. S. Government securities, direct and guaranteed T O T A L 101 113 1939 + +165,552 +3,560,696 4,881,754 - 7,533 + 12,438,580 526,387 364,406 389,876 13,719,249 678,445 + + + + + 71,494 9,601 10,873 12,844 85,610 83,907 +3,361,296 532,327 + 95,114 + 107,117 +3,031,200 27,037 + 3*354 +165,338 +3,553,398 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 bank Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL L I A B I L I T I E S 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 tot a}, reserves to deposit and F# R. note liabilities combined Commitments to make industrial advances 6,452 19,285,900 136,102 151,720 26,839 36,581 19,637,142. 87.7% 9,080 + 546,441 2,794 + 186 +165,552 1,146 2,568 425 + 4,009 +3,560,696 + + + 28 .156 46 + + - 3*4^ 3*465 Form FB-283-b STATEMENT OF CONDITIOII OF THE FEDERAL RESERVE BANKS ON MARCH27,.1940 £ln thousands of cellars) ASSET S Total Boston Hew York Phila. Cleve. Rich,• Atlanta Chicago St. Louis Minn* Kans•Cy . Dallas San Fran, Gold certificates on hand ;and due from U.S.Treasury 15,932,621 Redemption fund - F.R. notes 9,360 Other cash 362,538 900,816 7,914,531 1,346 584 93,366 31,339 852,693 527 29,582 992,308 420,834 314,582 2 ,407,559 393,634- 267,699 365,800 235,987 1,076 361 752 650 290 860 1,177 646 49,226 15,037 9,360 17,798 15,729 25,434 20,335 18,398 866,098 1,089 36,934 Total reserves 932,739 8,009,243 882,802 1,018,602 442,346 333,732 2 ,457,861 409,319 277,709 304,039 252,006 904,121 16,304,519 Bills discounted: Secured by U. S. Gov1t obligations, direct and guaranteed 369 Other bills discounted 2,620 Total bills discounted 25 105 879 55 250 13 233 35 163 10 122 54 263 246 326 198 919 132 800 317 338 79 79 25 44 1.99 4 177 43 2.11 69 183 199 118 181 481 254 691 2,989 Industrial advances 10,423 U. S. Government securities, direct and guaranteed: Bonds 1,344,045 Notes 1,133,225 25 1,412 984 2,048 305 3,107 96,123 81,047 408,181 344,156 110,221 92,934 1T908A 6^,135 .54,495 115,581 57,447 45,945 1/4,872 60,273 122,148 50,818 39,771 62,897 51,196 33,533 53,031 43,167 110,797 93,418 Total U. S. Gov't securities« direct and guaranteed 2,477,270 177,170 752,337 203,155 252,665 125,582 100,440 267,020 111,091 73,304 115,928 94,363 204,215 Total bills and securities 2,490,682 178,607 3 547 67,540 2,880 253,237 126,699 101,372 2 4 2 2,557 1,549 2,063 79,329 58,276 30,519 2,0.27 5,523 2,532 2,628 7,348 3,913 267,675 111,170 73,556 116,245 95,025 * 6 1 1 1 696 1,280 2,104 2,194 1,720 100,139 30,585 16,540 32,067 27,052 2,246 1,391 3,213 1,165 3,379 2,001 2,997 2,668 2,845 6,819 205,160 47 18,484 712,167 41,703 69,540 755,369 18 1,102 178,692 9,858 19,603 206,567 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 4,453 5 950 52,193 4,551 8,409 4 1,722 39,235 2,938 5,856 19,637,142 1,186,769 8,973,835 1,155,477 1,365,592 635,831 472,837 2,837,983 558,360 372,917 539,842 378,613 1,159,036 *Less than $500. Form FR~283~c STATEMENT OF CONDITIOII OF THE FEDERAL RESERVE BANKS ON MARCH27,.1940 £ln thousands of cellars) L I A B I L I T I E S Total F. R. notes in actual circulation 4,881,754 Deposits: Member bank-reserve account 12,438,580 ,S .Treasurer-General account 526,387 364,406 Foreign bank 389,876 Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends 13,719,249 678,445 6,452 Boston New York Phila. 403,172 1,253,452 345,781 453,405 220,518 158,671 1,069,798 191,922 140,496 182,875 80,227 381,437 614,586 6,890,517 45,665 119,613 26,408 127,046 5,823 299,774 619,762 42,134 36,069 24,634 708,334 299,990 22.4,484 1,488,450 272,386 171,184 277,470 219,730 44,340 24,711 26,203 87,198 33,937 24,260 29,071 28,201 34,228 15,826 12,882 44,166 13,04l 8,097 10,673 11,041 11,456 2,586 7,192 3,972 7,699 5,169 323 2,497 651,687 21,054 26,929 18,751 692,482 7,436,950 160,912 66,473 722,599 51,110 798,358 343,113 270,761 1,623,786 325,063 208,710 317,537 261,469 80,395 . 56,830 30,511 99,215 30,435 14,419 28,792 25,598 718,421 887 3,315 311 Cleve. 402 Rich, Atlanta 117 134 Chicago St.Louis Minn. Kans*Cy. Dallas San Fran. 452 86 154 252 130 33,755 212 TOTAL LIABILITIES 19,285,900 1,162,438 8,852,201 1,122,805 1,332,560 620,578 460,077 2,793,251 547,506 363,779 529/56 367,424 1,133,82.5 0 U N T S CAPITAL AC Capital paid in 136,102 9,341 51,106 11,909 14,010 5,271 4,630 13,587 4,110 2,958 4,375 4,095 10,710 Surplus (Section 7) 151,720 10,405 53,326 14,198 14,323 5,247 5,725 22,824 4,709 3,152 3,613 3,974 10,2,24 Surplus (Section 13b) 1,429 53o 1,001 1,142 1,266 2,121 26,839 2,874 7,109 4,393 1,007 3,246 713 Other capital accounts 6,892 1,497 2,027 1,256 1,854 2,156 36,581 1,711 10,143 2,172 3,692 1,4-89 1,692 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 19,637,142 1,186,769 8,973,885 1,155,477 1,365,592 635,831 472,837 2,837,983 558,360 372,917 539,842 378,613 1,159,036 Commitments to make industrial advances 9,080 342 1,683 701 1,111 756 17 20 151 60 492 - 3,747 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Over 2 Years to Within 16 to 31 to 61 to 91 days to 6 months 1 Year 5 Years 5 Years Total 15 days 60 days 90 days 6 months to 1 Year to 2 Years 30 days Bills discounted Industrial advances U. S. Government securities, direct and guaranteed 2,989 10,423 2,477,270 1,349 1,453 176 381 155 353 1,116 181 129 1,730 64 1,955 1,969 136,783 105,974 281,368 2,401 684,796 1,268,349 Form FR-283-d FEDERAL RESERVE NOTE ST'ATELiEU? Oil MARCH 13, 1940 (in thousands of dollars) Total Boston lew York Phila. Cleve. Rich, Atlanta Chicago St .Louis Einn# Kans«Cy* Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F*E#agent 5,216,078 420,099 1,351,277 366,230 480,227 23^,031 172,891 1,118,855 203,364 145,465 192,840 89,144 439,655 Held by Federal Reserve bank 334,324 16,927 97,825 20,449 26,822 15,513 14,220 49,057 11,442 4,969 9,965 8,917 58,218 In actual circulation 4,881,754 403,172 1,253,452 345,781 453,405 220,518 158,671 1,069,798 191,922 140,496 182,875 80,227 381,43? 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 5,328,500 440,000 1,370,000 375,000 482,000 250,000 175,000 1,130,000 209,000 147,500 195,000 91,000 464,000 543 25 130 109 113 ~ ~ - - 25 l4l - 5,329,043 440,025 1,370,130 375,109 482,000 250,113 175,000 1,130,000 209,000 147,525 195,141 91,000 464,000
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