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Released for publication Friday morning, March 215 not earlier. Board of Governors of the Federal Reserve System Liareli 20, 19-41 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended ¿.larch 19 member bank reserve balances decreased $470,000,000. Reductions in member bank reserves arose from increases of $492,000,000 in Treasury deposits with Federal Reserve Banks, $15,000,000 in money in circulation, and $12,000,000 in Treasury cash, and a decrease of 32,000,000 in Treasury currency, offset in part by increases of $17,000,000 in gold stock and $15,000,000 in Reserve Bank credit, and a decrease of $18,000,000 in nonmeiaber deposits and other Federal Reserve accounts. Excess reserves of member banks on ¡.larch 19 were estimated to be approximately $6 ,110 ,000,000, a decrease of $370,000,000 for the week. The principal change in holdings of bills and securities was an increase of $50,000,000 in holdings of United States Government bonds and a decrease of $50,000,000 in United States notes. Changes in member bank reserve balances and related items during the week and the year ended March 19, 1941, were as follows: Increase or decrease since Mar. 19, 1941 Mar. 12, 1941 Mor. 20, 1940 (In millions of dollars) Bills discounted U.S. Gov't securities, direct and guaranteed Industrial advances(not including 7 million commitments - March 19) Other Reserve Bank credit — 1 2,184 8 65 — + 14 15 17 2 Total Reserve Bank credit Gold stock Treasury currency 2,259 22,335 3,104 + + Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. Banks Ilonma.iber deposits and other F. R. accounts 13,741 8,82.6 2,208 913 2,010 470 + 15 + 12 + 492 — 18 —• 1 291 + 2 33 _ 261 + 3,975 + 115 + 1,485 + 1,342 - 166 + 206 + 963 Fora F. R. 283-a Released for publication Friday morning, March 21, I94if not earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decreo.se since March 12, 1.1or ch. 20, March 19, 1941 1940 194-1 ASSETS Gold certificates on hand and + 2 +4,105,659 20,103,281 due from U. S. Treasury — + 2,580 Redemption fund - F. R. notes 10,914 Other cash + 4,503 ..^312*162 "... 29*622 <*4,078,616 Total reserves + 4,505 20,446,3 58 Bills discounted» Secured by U. S. Gov't obligations, direct and guaranteed: Other bills discounted Total bills discounted Industrial advances U. S. Government securities, direct and guaranteed! Bonds Hotes Total U, S. Government securities, direct and guaranteed 808 ... -362 1,171 7,894 + 1,334,800 849,300 + 50,200 - 50,200 133 4S 181 13 —— 2,184,100 + 474- ..1*269 795 2, 6o4 - 7,245 283,925 - 291,170 Total bills and securities 2,193,165 Due from foreign banks F. R« notes of other banks Uncollected items Bank premises Other assets 47 21,513 984,149 39,926 46,203 +122,233 + 30 - 11,403 294,569 — + 3,909 + 263,114 1,763 - 10,878 23,731,361 +114,836 +4,038,429 6 , 063,061 F, R. notes in actual circulation Deposits: l.ieisber bank « reserve account 13,740,639 912,814 U* S. Treasurer - General account Foreign 1,174,707 546,721 Other deposits 16,374,831 Total deposits Deferred availability items 918,773 Other liabilities including accrued dividends ____ ^ 6 8 8 TOTAL LIABILITIES 23,360,403 C A P I T A L A C C O UN./TS Capital paid in 139,717 157,065 Surplus (Section 7) 26,785 Surplus (Section 13b) 47,391 OVner capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 23,731,361 Ratio of total reserves to deposit and F.'P., note liabilities combined 91.155 Cornnitnents to make industrial advances 7,288 + 15,725 +1,168,013 -470,20.3 +491,391 + 11,564 - 38 5431 - 5,729 +107,433 +1,434,389 + 205,321 + 783,927 + 146,935 +2,620,572 + 230,137 - 2,676 +.... .3.54 +4,019,076 TOTAL ASSETS 168 — 361 - L I A B I L I T I E S +114,753 + — 46 --- + .37 +114,836 — + 727 + + 3,610 + 3.3% 1,792 5,345 54 + 10,452 +4,038,429 Form F« R. 2ß3“b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OIT LIARCH 19, 1941 (ln thousands of dollars) ASSETS Total Boston Gold certificates on hand and due from U.S.Treasury 2 0 , 1 0 3 , 2 3 1 1,259,166 Redenption fund - F.R.notes 10 ,9^4 840 Other cash 332,163 24,475 Total reserves 20,446,353 1,284,481 Bills discounted»Secured by U.S. Gov't obligations, direct and guaranteed g03 — Other bills discounted ^63 — New York Phila. Cleve. Rich. Atlanta Chicago St.Lduis l.Iinn. Kans.Cy. Dallas San Fran. 9,663,398 1,134,475 1,421,543 607,491 42?,283 2,883,774 437,762. 317,985 434,131 314,871 1,200,397 1,519 491 678 1,389 1,250 1,635 526 233 279 933 1,1/1 82,040 27,437 22,822 18,434 23,928 46,576 15,968 7,067 18 ,2.80 13,590 31,546 9,751,957 1,162,403 1,445,043 627,314 443,466 2,931,985 454,256 325,285 452,690 329,394 1,233,084 136 21 459 157 — 49 — — 76 22 — — 139 4o 42 141 — — — — 11 98 —* 2 179 I83 — 277 — 571 1,752 2,276 96,855 61,626 386,550 245,953 106,854 67,988 131,580 73,323 55,681 83,723 46,653 35,423 149,675 63,032 40,857 95,235 4o,io6 25,995 67,039 53,069 42,656 33,766 110,2.85 70,171 Total U. S.Gov't securities, direct and guaranteed 2,184,100 158,481 632,503 174,842 215,303 119,976 91,109 244,910 103,138 66,852 109,695 86,835 180,456 159,391 634,714 18 1,737 228,685 9,667 12,704 177,275 5 1,047 64,839 4,556 4,085 120,767 91,470 2 3,657 3,104 94,632 47,656 2,578 1,984 2,819 l,96o .245.363 103,140 67,392 109,950 87,112 * 1 6 1 1 2,330 482. 1,515 3,101 519 142,924 47,581 19,935 37,026 34,954 3,011 1,211 3,029 2,311 1,362 2,004 1,421 4*890 2,171 1,901 181,027 4 2,099 58,393 2,831 4,133 TOTAL ASSETS 3 454 91,328 2,824 3,169 212 215,564 4 1,468 116,196 4,562 4,946 35 11 910 47 21.513 984^149 39,926 46,203 49 35 Total bills discounted 1,171 Industrial advances 7,894 U. S. Government securities, direct and guaranteed! Bonds 1,334,800 Notes 849,300 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets — 380 79 756 350 355 361 72 23,731 ,36 1 1,541,650 10 ,639,482 1,414,210 1 ,787,783 851,769 594,642 3,331,298 611,623 415,877 606,364 455,092 1,481,571 *Less than $500. Form F. fi. 283-c STATEDISI-IT OF CONDITION OF THE FEDERAL RESERVE BAIiXS OU LIARCH[ 19, 1941 (In tllousands of dollars) L I A B I L I T I E S Total P. R. notes in actual cir culation 6 ,063,061 Deposits : I.-ember bank-reserve acct. 13 ,740,639 U.S.Treasurer-General acct. 912,814 Foreign 1,174,707 Other deposits 546,721 Total deposits 1 ^ * 7 4 ,881 Deferred availability items 918,773 Other liabilities including accrued dividends 3,688 Boston New York Phila. 492,163 1,603,271 421,441 558,758 292,734 201,292 1 ,301,020 228,190 160,211 211,892 98,621 493,468 815,833 7,300,193 55,077 329,203 57,892 668,015 5,682 420,710 721,807 71,429 75,970 23,758 928,553 386,762 268,893 1,503,097 257,743 169,238 286,455 237,379 158,563 31,055 34,582 27,485 45,826 69,744 27,921 29,044 72,054 33,677 27,412 93,983 23,496 17,230 22,713 22,713 12,134 5,209 5,451 14,322 10,699 7,007 8,384 3,892 784,686 32,885 59,552 2.9,473 934-,484 8,718,121 188,972 88,979 892,964 1,082,485 453,569 330,800 1,849,965 322,993 228,057 345,037 309,810 132,497 48,621 17,844 38,080 35,120 65,033 111,877 89,223 48,817 906,596 412 960 Cleve. Rich. Atlanta 406 315 332 157 ‘ Chicago St,Louis! I'dnn. ICans.Cy.> Dal._as San Fran. 420 120 133 120 53,710 180 133 TOTAL LIABILITIES 23,360,4031,516,038 10,511,324 1,379,753 1,753,526 835,858 581,066 3,283,902 599,937 406,232 595,129 443,684 1,453,954 C A P I T A L A C C 0 IJ II T S 14,381 5,425 4,795 Capital paid in 139,717 9,350 11,386 11,665 1 A ,v-)i 51,530 4,255 2,977 4,504 4,263 Surplus (Section 7) 157,065 10,906 15,144 3,974 22,824- 4,925 3,152 3,613 56,447 10,785 14,323 5,247 5,725 1,138 1,263 2,121 Surplus (Section 13b) 26,785 7,070 2,874 1,007 3,244 1,429 713 533 1,000 4,393 8,4(65 1,973 2,516 1,980 1,908 4,546 1,995 3,046 Other capital accounts 47,391 2,482 3,034 2,343 13,103 TOTAL LIABILITIES AIÎD CAPITAL ACCOUIITS 23,731,3611,541,650 10,639,402 1,4-14,210 1,787,783 851,769 594,642 3,331,29c' 611,623 415,877 606,364 455,092 1,481,571 Commitments to make industrial 7,288 advances Bills discounted Industrial advances TJ. S . 1Government securities direct and guaranteed ¡Total 1,171 7,894 2,184,100 178 Within 15 days 846 1,311 1,582 16 to 30 days 108 184 398 0 177 701 — 1,738 MATURITY DISTRIBUTION OF BILLS AITD SECURITIES 31 to 60 days 71 163 — 6l to 90 days 49 111 58,300 91 days to 6 nonths 6 months to 1 Year 95 916 1,177 57,000 1.27,800 1 Year to 2 Years 44 35 2 Year3 to 5 Years 1,812 2,220 107,000 633,400 4 < Over 5 Years 1 ,200,600 Form F. R, 283— d FEDERAL RESERVE NOTE STATELIEST Oil I.IARCH 19, 194-1 (in thousands of dollars) Total Boston Her; York Phila. Cleve. Rich. Atlanta Chi-ago St.Louis Ilinn. Kans. Gy. Dallas San Fran. Federal Reserve notes* Issued to F.R. Bank by F.R.agent Held by Federal Reserve Bank 6,369,331 507,856 1,681,4-98 44-1,021 582,380 306,780 223,283 1,334,924 242,969 164,795 220,277 108,577 554,971 306,270 15,693 78,227 19,580 23,622 14,046 21,991 33,904 14,779 4,584 8,385 9,956 61,503 In actual circulation 6 ,063,061 492,163 1,603,271 421,441 558,758 292,734 201,292 .1,301,020 228,190 160,211 211,892 98,621 493,468 Collateral held by agent as se curity for notes issued to bank! Gold certificates on hand and due from U. S. Treasurv Eligible paper “ Total collateral 6,497,000 530,000 1,700,000 450,000 583,000 325,000 230,000 1,350,000 249,000 167,000 225,000 114,000 574,000 1,013 — 459 157 — 35 — — — 179 IS3 — 6,498,013 530,000 1,700,4-59 450,157 583,000 325,035 230,000 1,350,000 249,000 167,179 225,183 114,000 574,000
@FedFRASER