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Form F. Ri 233 STATEMENT FOR THE. PRESS Released fo r p u b lica tio n Friday morning', ¿¿ar. 19 ; not e a r lie r . Board o f Governors o f the Federal Reserve System March 18, 191*3 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 17 member bank reserve balances increased $39k,000,090. Additions to member bank reserves arose from increases of $309»000,000 in Reserve Bank credit and $8,000,000 in Treasury currency and decreases of $90, 000’,000 in money in circulation and $29, 000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of . $31**000,000 in.gold stock and an increase of $6, 000,000 in Treasury cash. Excess reserves of member banks' on March 17 were estimated to be approximately $2 , 130, 000, 000, an increase of $250, 000,000 for the week. There was an increase of $176,000,000 in holdings of United States Govern ment securities. Certificates of indebtedness increased $375*000,000 while bonds decreased $ 103*000, 000, notes $76 , 000,000 and b ills $20, 000, 000. Changes in member bank reserve balances and related items during the week and the year ended March 17, 19^*3» were as follows? Increase or decease since Mar. 17* 191*3 'Mar, 10, 191*3 Mar, 18, 191*2 (In millions of dollars) m m + 131 + k ♦ 322 ^otal Reserve Bank credit Gold stock Treasury currency 6,699 22,610 3,979 + 309 - 31* + 8 +l**3i*8 76 + 706 Member bank reserve balances Money in circulation Treasury■cash 1'roasury deposits with F. R. Banks Nonmember deposits and other F,R. accounts 13*516 16,115 2,22k 6 1 *1*26 + 39k - 90 ♦ 6 + 1 - 29 ♦ 577 ♦l*,6Ul ♦ 56 53 3 > 1* +3*979 + 3B CvJ + 1 ♦ 179 3 1 10 Bills discounted . 6 , 221* Ü. S. Government direct obligations U. S. Government guaranteed obligations k2 Industrial advances(not including 12 million commitments - March 17) 13 Other Reserve Bank credit 1*09 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCli 17, I943 (In thousands of dollars) Boston New York Phila. Cleve. Rieh. Atlanta Chicago St.Louis Form F., R. 283c Total L I A B I L I T I E S Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual cir culation 12,651,368 926,083 2,797,526 897,228 l , 174,loo 810,910 598,954 2,503,572 537,232 320,635 447,710 272,250 1 , 365*168 Deposits-: Member bank-reserve acct.15 , 515,702 709,970 4,698,233 701,906 1,171,724 570,0c9 533,108 1 , 989,661 449,836 275,628 538,712 502,313 1,374,042 U.S.Treasurer-general acct. 6,067 520 72 175 821 529 558 586 194 521 485 566 1,040 Foreign 866,617 23,812 1/427,019 68,898 66,723 31,18625,384 88,480 21,757 15,955 20,307 21,757 55,339 Other 262,497 8.236 100,41511,725 54,911 10,253 3,238 2,735 12,213 9,226 3,170 5,008 41,382 Total deposits 14 , 650,803 742,538 5, 225,739 782,704 1 , 294,179 612,022 562,283 2 , 081,462 434,000 301,550 562,674 550,144 1,471,805 asl , 529,330 97,712 312,648. 100,669 197,172 132,050 72,446 228,728 71,732 29,575 75,969 55,575 159,704 ■^■g ___ 10,393 ____5,631 1,146 364 467 710 195 665 170 165 597 156 299 TOTAL LIABILITIES 28, 842,474 1772,014 8,337,059 1780,965 2 , 665,918 1555,^ 2 1233,883 4,014,425 1093,134 651,705 1034,750 855,905 2 , 996,974 CAPITAL ACCOUNTS Capital paid in 12,114 5,266 4,794 4,495 9,550 4,597 3,165 5,954 11,695 16,451 15,259 55,679 146,935 Surplus (Section 7) 3.221 22,925 4,966 11,044 56,001 4,035 11,160 3,615 5,256 15,670 14,767 5,725 160,411 2,121 Surplus (Section 13b) 1,000 550 1,507 7,070 1,137 26,029 1,429 5,244 717 2,374 1,007 4,393 Other capital accounts 2,658 3,223 10,960 4,641 4,002 4,694 3 .115 3,015 13,865 2,955 6,494 5,055 67,631 _ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 29,244,280 1799.580 8,474,672 1817,415 2 , 703,425 1575,529 1248,626 4 , 366,170 1106,250 662,206 1097,507 368,426 5,026,894 Commitments to make industrial — — — - advances 2,626 1101 86 1*021 1,685 4,239 27 1,904 551 12,229 F. R. notes outstanding Collateral for F.R.notes held by F.R.Agents: Gold certificates Eligible paper U.S.Gov’ t securities 462,347 299,445 1,467,260 926,631 1 , 221,352 845,536 647,820 2,570,675 12 , 945,000 923,000 2 , 960,000 2,500 4,9.05 7,505 — 505,000 50,000 850,000 1 , 250,000 — 100 - 100,000 757,000 — 125,000 650,000 2 , 620,000 400,000 550,000 470,000 306,000 — *“ — — - " — 5,000 195,000 50,000 Bills discounted Industrial advances U. S'. Government securities, direct and guaranteed 569,008 527,325 15 , 251,142 964,879 2 , 927,868 Total Within 15 days 10,193 12,968 3,787 8,851 6,266,367 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 16 to 31 to 6l to 91 days to 6 months 30 days 60 days 90 days 6 months to~1 year 5,263 224 1,130 157 11 654 2 999 1*147 1 to 2 years 757 1,107,542 440,700 360,100 338,800 853,886 635,854 30,424 l / After deducting $458,495,000 participations of other Federal Reserve Banks. 2 to 5 years 1,434,000 mmmt Over 5 years 179 852,171 1 , 651,890 Form F. E. 283a Released fo r publication Friday morning, March 19,191*3; not e a r lie r . STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( In thousands of dollars) Increase or decrease since Mar. 17, 191+3 Mar. 18, 191*2 Mar. 10, 19U3 ASSETS Gold c e r t ific a te s on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves B ills discounted: Secured by U.S. Gov’ t obligation s, d ire ct and guaranteed Other b i l l s discounted Total b i l l s discounted Industrial advances U# S. Government se cu ritie s, d ire ct and guaranteed; Bonds ¡votes. C ertifica tes ■B ills Total U. S. Government s e cu r itie s , direet anci guaranteed 2 o ,1*06,666 1*0,335 390,639 - 36,512 137 + 21,136 20,833, lliO - 15,513 5,170 5,023 - 1,110 + 2,555 10,193 12,966 •+ 1 ,1*1*5 351 + + 87,21*7 27, 1*06 52,082 7,759 + 91*1* U/697 +■ + 3,75? l*,;l*ll* 2,11*3,861 1,015,675 1,795,775 1 , 306,056 - 103, 221* - 75,600 +37U, 900 - 19,820 + 592,375 + 323,175 +1,795,775 +1 , 306,056 6, 266,367 +176,256 +1*, 017,381 Total b i l l s and secu rities 6,239,528 +177,350 +1*, 025, 51*8 'Due from foreign banks F. R. notes of other banks Uncollected items Bank premises uther assets 1*7 62, 1).63 1,938,965 39,1H 76,026 + 19,821 '+577,300 — - 16,863 + 31*, 726 + 1*38,132 1,595 + 33,968 29, 21*1*, 280 +71*2,595 +1*, 523,020 12, 651,368 - 53,968 +1*, 091*, 1*95 13, 515,702 6,067 866,617 262, 1*97 +39l*,07l* + 1,259 - 30,203 - 20,165 111, 650,883 +3l*l*,965 + • 576,371* 52,792 + 125,078 - 36?, 150 + 279,510 1,529,830 +1*1*6,933 + 116,318 10,393 28,81*2,1*71* + + o, 067 +739,811 +i*,l*96,390 11*6,935 160,1*11 26,329 67,631 29,214*, 280 + + 3,712 + 2,909 + 1*8 + 19,961 +1*, 523,020 total Assets L I A B I L I T I E S F. R. notes in- actual circu la tio n Deposits 3 Member bank-reserve account U.S. Treasurer-general accounts Foreign Other Total deposits Deferred a v a ila b ilit y items Other l i a b i l i t i e s including accrued dividends TOTAL LIABILITIES c a p i t a l a c c o u n t s Capital paid in Surplus (S ection 7) Surplus (S ection ljb ) Other capital accounts total lia b ilitie s and capital accounts Ratio of to ta l reserves to deposit and F. R. note l i a b i l i t i e s combined Commitments to make industrial advances 1,381 76.3% 12,229 22 -+ 2,762 +71*2,595 + .9% 301* - ll*. 2,025 F«rm F. R. 283b STATEMENT OF, CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 17, 19^3 ( In thousands o f d o lla r s ) ASSETS Cleve. Total Chicago St.Louis iuinn. Kans.Cy. Dallas San Fran. Fhila. Rich. Atlanta Boston New York G o ld .c e rtifica te s on hand and due from U. S. Treasury 20,1*06,666 1183*U07 6, 191^03 1215,226 1,856,857 1026,¿¿52 369,721* 5,561,651* 619,953 ¿456,915 709,651* 562,013 2,170,1*00 10,962 7,6 16 Redemption fund - F.R.notes 1;0,835 631 2,506 7,006 652 1,852 107 957 715 5,1*55 2,51*3 11,662 Other cash 20,176 86,362 1*14,1427 13,397 9,851* 1*9,555 17,5U5 3,315 1*5,659 26,519 55,1*11* 590,639 Total reserves 20, 333, 11*0 I2§9 , 6ll* 6,230,117 1250,198 1 , 902,221 10.53, 651* 890,927 5,615,720 61*8,1*65 1*1*5,555 721,997 572,567 2,227,31*9 B ills discounted* Secured by U. S* Govf t obligations * — — — 125 -— — -d ire c t and guaranteed 100 1*0 1*,905 5,170 190 251 70 Other b i l l s discounted 33 258 108 2,500 1,068 75 5,025 75 55 505 Total b i l l s discounted 10,195 12,963 2, 500. 5,975 338 291 108 38 505 75 55 70 200 1*1*9 29 190 Industrial advances U. S. Government s e c u r itie s , d ire ct and guaranteed: Bonds 2, lli8,06l Notes 1,015,675 C e rtifica tes 1,795,775 B ills l , 5o6 ,056 965 608 I4, 668 1,229 561* 583 72 7 153,738 75,052 152,697 1*5,367 566,979 267,933 1*75,817 1*50,383 163,312 79,552 1140,656 52,295 201,875 95, 1*20 168, 701* 60,201 152,750 62,71*5 110,957 1*2,566 97,109 1*5,901 81,155 27,501* 268,171 126,752 22Ì4,108 552,550 105,551* 1*8,91*5 86,539 121*, 795 62,550 102,002 29,555 1*3,210 52,255 85, 21*2 21*525 35*871 8li,502 59,91*1 .70,617 25,106 202,289 95*6114 169,050 109,515 Total U# S. Govrt s e cu r itie s , d ire ct and guaranteed 6, 266,567 1*12,J|Ql* 1759,667 14140,815 526,200 .51*3,798 251,667 951,561 565,355 165,865 271,525 213,166 576,268 6, 239,523 1*15,367 171*6,2143 UU5.821 527,720 51*9,1*70 252,11*5 951,753 .Due from foreign banks )i7 5 F. notes o f other banks ¿g » (A 1,231 uncollected items 1,950,965 11*1*,951 Bank premises 2,712 3 9 ,111 Other assets 76,026 5,172 1 / 13 • 3,537 1410,700 9,737 19,215 5 2,1459. 108,1456 l*,73l 5,71*5 1* 2, 91*0 257,367 1**503 8,557 2 3,1400 151**053 5,051* 1*, 751 2 6,119 91**1*17 1,719 5,299 6 7,923 273,2147 2,906 9,625 565,915 166,198 2 71, 31*1* 213,595' 530,169 * 1 1 1 1* .2,1412 14,968 2,105 3,605 6,653 70,956 200,625 85,239 l*5,ol*5 90,376 ’ 2,101 2,679 1,305 1,059 2,790 2,222 5, 61*6 5,056 7,1*65 5,1495 Total b i l l s and secu rities' TOTAL ASSETS 29, 21414, 2301799,580 3,1+7^,672 ♦Less than $500. 280 1817,1*15 2,703,1*25 1573,329 121*8,626 li,366,170 1106,230 662, 2061097,307 l / After deducting $29,000 participations of other Federal Reserve Banks. 5 ,7 H 360,1*26 3,026, 89!*
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