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Form F. R. 283-d STATEMENT FOR THE PRESS Released for publication Friday morning, March 20; not earlier. Board of Governors of the Federal Reserve System March 19, 1942 During the week ended March 18 member bank reserve balances decreased $29,000,000. Reductions in member bank reserves arose from an increase of $67,000,000 in nonmeniber deposits and other Federal Reserve accounts and a decrease of $23,000,000 in gold stock, offset in part by decreases of $4o,000,000 in money in circulation and $8,000,000 in Treasury cash and increases of.$4,000,000 in Reserve Bank credit and $2,000,000 in Treasury currency. Excess reserves of member banks on March 18 were estimated to be approximately $3,160,000,000, a decrease of $110,000,000 for the week. 1'he principal change in holdings of bills and securities was a decrease of $4,000,000 in United States Government bonds. Changes in member bank reserve oalances and related items during the week and the year ended March 18, 194-2, were %is follows: Increase or decrease since Mar. 18, 1942 Mar. 11, 1942 Mar. 19, 1941 (In millions of dollars) Bills discounted U. S. Government direct obligations U. S» Government guaranteed obligations Industrial aavances (not including 14 million commitments - March 18) uther Reserve Bank credit 6 2,245 4 9 87 Total Reserve Bank credit Gold stock Treasury currency 2,351 22,686 3,273 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R. accounts 12,939 11,474 2,168 . 59 1,670 - - + 5 - + 66 h -- - + + 8 + + 4 23 2 + - + _ 29 46 8 1 + 67 + 1 1 22 92 351 169 _ 802 +2,648 40 854 340 Form F. R. clfj-j-B. Released for publication Friday morning, Karch 20,1914-2; not earlier. STAT3&ENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since March 19, 1941 March 18, 19^2 March 11, 1942 Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash 20,493,913 13,429 338,557 - 19,998 575 + 10,o37 + Total reserves 20,845,899 - 9,936 + 399,541 o,ll4 326 + + 094 593 101 + 5,306 37 5,269 660 A S S E T S Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed Other bills discounted Total bills discounted 6,440 + •f - + 132 8,554 + 390,032 2,515 o,39h Industrial advances U. S. Government securities, direct and guaranteed: Bonds Notes 1,556,486 092,500 - Total U. S. Government securities, direct and guaranteed 2,248,986 - . 4,250 + 64,886 Total bills and securities 2,263,980 - + 70,815 Due from foreign banks F. R, notes of other banks Uncollected items Bank premises Other assets 47 27,737 1,500,833 40,706 42,058 + 2,123 +1482,839 + 7 - 13,686 • 24,721,260 +1+57,066 + 8,556,873 - 1+0,513 T O T A L A S S E T S 4,250 + — - 4,281 4+ + 221,686 156,800 6,224 516,684 780 4,145 989,899 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 Tubal deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L - 29,022 - 1,1+08 - 2,190 + 58,621 + 26,001 + 494,739 3,266 + 638 +1+56,620 + 985,681 + 1,413,512 4,326 24,346,084 801,311 853,955 433,lo8 + 84,926 -2 ,003,508 - - - A C C O U N T S Capital paid in Surplus (.section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to make industrial advances 12,939,328 58,859 741,539 631,047 14,371,373 +2,1+93,812 143,223 157,502 26,781 47,o70 24,721,260 216 + 3,506 437 4 279 +1+57,066 + 989,899 + — + — - + 90.9% 14,254 30 — + 880 - .2% + 6,966 Form F. R. 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 18, 1942 A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 20,493,913 1,171,284 3,227,252 1,134,231 1,590,122 Redemption fund - F.R.notes 13,429 1,028 910 3,633 1,173 24,618 Other cash 338,557 30,340 69,148 25,625 775,339 563,510 3,1*90,728 599,288 352,939 532,114 378,852 1,678,254 461 olo 1,821 1,049 570 1,384 1*71 313 33,826 6,213 13,1*61* 1.2,590 20,317 22,185 59,789 20,442 1 ,160,022 1,616,657 20,845,899 1 ,205,257 8,297,428 • 797,1*77 586,265 3,551,901 620,201 359,l*o5 51*6,191* 391,903 1,713,129 Total reserves Bills discounted: Secured by U. S. Gov't obligations, diract and guaranteed 6,114 Other "bills discounted 326 Total bills discounted 227 — 1*,830 100 590 311 103 — 590 414 — 125 — 1 — — — 15 36 15 87 1 36 102 15 —— — — * 6,440 227 ii,930 Industrial advances 8,55l* U. S. Government securities. direct and guaranteed: Bonds 1,556,486 Notes 692,500 o6U 1,107 4,037 215 740 461 1 392 5 1*99 77 238 119 114,527 50,955 429,665 191,163 122,908 54,684 153,91*5 68,490 93,053 41,401 66,207 29,1*57 189,377 84,258 73,523 32,712 46,998 20,909 71,167 31,662 60,650 26,984 134,466 59,325 Total U. S. Gov't securities, direct and guaranteed 2,248,986 165,482 620,828 177,592 222,435 131*,1*51* 95,664 273,635 106,235 67,907 102,829 87,634 191*, 291 Total bills and securities 2,263,980 166,373 626,865 182,219 223,064 135,191* 96,250 274,027 106,240 08,407 102,942 87,971* 191*,1*25 Due from foreign banks i^y F. R. notes of other banks 27,737 Uncollected items 1,500,833 Bank premises L4.O//O0 Other assets 4.2,058 3 856 143,524 2,7°8 2,8o3 18 3,080 400,303 10,470 11,1*97 5 1,711* 87,053 4,845 3,306 4 2,239 203,698 i*,420 4,007 2 3,035 119,030 3,047 2,756 6 2 2,702 4,51*8 . 61,809 195,731* 2,962 1 ,,971 1,687 1*,729 * 353 29,024 1,333 1,275 1 614 1*3,950 1,128 1,618 h 3,990 100,129 2,755 4,013 T JO T A L A S S E T S 125 1 3,049 58,243 2,146 1,897 l 1,557 58,276 2,861 1,810 24,721,260 1,521,644 9,3ll9,o6l 1,439,1^ 2,0^,689 1,060,541 752,592 4,032,061 791,777 1*59,857 713,041 527,188 2,018,4U5 *Less than $500. Form F. R. 283-d STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 18, 1942 (In thousands of dollars) L I A B I L I T I E S I Total F. R. notes in actual circulation 8,556,873 Deposits: Member bank-reserve acct. 12,939,328 U.S.'Treasurer-General acct 58,859 Foreign 741,539 Other deposits 631,647 Total deposits 14,371,373 Deferred availability items 1,413,512 Other liabilities including accrued dividends 4,326 New York Phila. Cleve. o78,26l 2,189,519 o05,623 816,525 445,409 300,l6o 1,791,403 337,381 218,981 276,964 140,059 640,788 5,814,382 42,910 584 29,562 291,023 517,840 13,092 622,469 150 70,276 13,001 916,837 440 67,348 33,306 449,806 343,629 1,91*1,747 350,725 178,219 343,311 310,249 1,053,666 129 11,837 177 523 535 543 513 518 89,309 21,961 16,105 21,229 21,229 32,210 25,622 55,005 3,016 9,076 8,846 2,521 23,555 2,810 2,974 950 684,026 0,666,655 303,490 132,544 705,95" 1,,017,931 185,056 92,847 485,339 372,743 2,007,249 382,885 203,705 360,033 334,128 1,144,723 113,237 05,715 184,365 59,523 27,304 57,081 41,237 91,113 1,093 883 243 Rich. Atlanta 417 336 196 Chicago St.Louis 434 Minn. Kans.Cy. Dallas San Fran. 106 126 754,582 175 117 195 24,346,084 1,495,924 9,220,547 I,4O4,674 2,019,929 1,044,321 738,820 3,983,451 779,895 450,116 702,195 515,599 1,990,013 TOTAL LIABILITIES C A P I T A L Boston A C C 0 U N T s Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 143,225 ,157,502 26,781 47,070 9,406 10,949 2,374 2,491 52,208 5o,o51 7,070 13,185 11,839 15,171 4,393 3,087 14,769 14,346 1,007 4,638 5,753 5,236 3,244 1,987 4,945 5,725 713 2,389 15,803 22,925 1,429 8,453 4,465 4,9^6 530 1,921 3,o45 3,152 1,000 2,544 4,o48 3,oi3 1,137 2,048 4,425 3,976 1,263 1,925 11,917 10,792 2,121 3,002 TOTAL LABILITIES AND CAPITAL ACCOUNTS 24,721,260 1,521,644 9,349,661 l,439,164 2,054,689 1,060,541 752,592 4,032,061 791,777 459,857 713,641 527,188 2,018,445 Commitments to make industrial advanee s 14,254 627 42? 2,198 1,024 1,427 1,594 1,934 1,456 1,500 2,065 Mi.TOXtlTY DISTRIBUT : or OF BILLS AND SECURITIES Total Bills discounted Industrial advances U. S. Government securitie s, direct $,nd guaranteed 6,44o 8,554 2,248,986 . Within 15 days 16 to 30 days 31 to 60 days 61 to 90 days 33 367 15 314 103 1, 015 6,157 2,143 — — — 91 days to 6 months 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years 120 1,077 12 950 1,493 1,195 00,200 70,100 317,800 367,100 — Over 5 Years — 1,427,736 -Form.F.R. 283-a FEDERAL RESERVE NOTE STATEMENT ON MARCH 18, 1942 (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 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 9,014,445 698,187 2,311,982 628,493 855,215 484,314 323,457 1,849,137 355,256 225,421 289,257 156,918 836,808 457,572 19,926 122,463 22,870 38,c90 38,905 23,291 57,734 17,875 o, 1*1*0 10,293 16,859 82,226 8,556,873 678,261 2,189,519 605,623 816,525 445.409 300,166 1,791,403 337,381 218,981 278,9^4 140,059 754,582 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 9,179,500 740,000 2,320,000 o40.,000 850,000 500,000 330,000 1,880,000 370,000 227,000 295,000 lu3,500 854,000 5,777 227 4,930 590 ~ — ~ — — " 30 9,185,277 740,227 2,324,^30 o40,590 66o,ooo 500,000 330,000 1,880,000 370,000 227,000 295,030 163,500 854,000
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