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Form i * R* 283 STATEMENT FOR THE PRESS Released for publication Friday morning. Mar, 2£$ not e a r lie r . Board o f Governors 'of the Federal Reserve System March 2$, 19U3 CONDITION OF THE FEDERAL RESERVE BANKS During the ’week ended March 21* member bank reserve balances decreased $1i32,000P000• Reductions ^in .member bank reserves arose from decreases of $1419, 000,000 in Reserve Bank credit and $15,000,000 in gold stock, and an increase of $60,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by decreases of $50,000,000 in money in circulation and $6 , 000,000 in Treasury cash, and an increase of $5 , 000,000 in Treasury currency. Excess reserves of member banks on March 21* were estimated‘to be approximately $1,630,030,000, a decrease of $ 500 , 000,000 for the week.. There was a decrease of $316,000,000 in holdings of United States Govern ment securities* Certificates of indebtedness decreased $¿169, 000 , 000, bonds $67 , 000; 000, and notes $30 , 000, 000, while b ills increased $250 , 000, 000. Changes in member bank reserve balances and related items during the week and the year ended March 21*, 191*3, were as follows: Increase or decrease since Mar. 21*, 191+5 Mar. 17, 19U3 Mar. 25 , 19U2 (In millions of dollars) + 10 B ills discounted U# S. Government direct obligations 5,908 U. S. Government guaranteed obligations 1*2 Industrial advances (not including 12 million commitments - March 21*) 13 Other Reserve Bank* credit 307 - 102 + + Total Reserve Bank credit Gold stock Treasury currency 6,280 2 2 ,^ 5 3, 931+ - Ù19 - 15’ + 5 ♦5,951+ 89 710 Member bank reserve balances Money in circulation Treasury ‘cash Treasury deposits with F. R. Banks Nonmember deposits and other F.R.accounts 13, 08k 16,065 2,218 6 1,1*86 - 1*32 - 50 6 — + 60. + 557 *h, 603 + 1+3 - 1*66 - 162 — - 316 -- 1* +3, 668 + 38 ' 1* 2k0 Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 21*, 19U3 (In thousands o f d o lla r s ) Phila» Cleve. Chicago St.Louis Minn* Kans.Cy. Dallas San. Fran. Boston New York Rich. Atlanta LI ABI L I T I ES Total F. R. flûtes in actual cir culation 12, 607,686 923, 531* 2, 795,683 895,106 Deposits* Member bank-reserve acct. 13,081**369 681*,129 1*, 6 17 ,116 677,752 U.S.Treasurer-general acct. 5,711 • 17 176 531 Foreign 899,682 71,829 26, *1*2 1/1*1*0^085 Other 12,972 285,280 6,633 112/839 Total deposits Ili, 27.5,01*2 717,1*35 5 , 170,057 762,729 Deferred availability items 1,287,713 92,767 . 261, 21*8 77,513 Other liabilities-including accrued dividends U,32'ß 1 ,(5 6 3*837 363 TOTAL LIABILITIES 23,179,273 1738,OÓii 8 ,2 2 8 ,Olili 1735,711 CAPITAL ACCOUNTS Capital paid in 11,681 9,530 53,667 11*6,911 Surplus (Section 7) 160,1*11 H ,l6 o 58 ,.001 15,670 Surplus (Section 13b) 26,829 7,070 2,871* li,393 Other capital accounts 71,1*16 lì, 278 19,912 li,995 TOTaL LIABILITIES AND CAPITAL ACCGUKTS 28,581*,81*5 1765,906 8, 366, 69!* 1772, 1*50 Commitments to make industrial advances 86 1,316 27 11,763 F . R. notes outstanding 13,253,160 971,897 2, 937, 5li7 Collateral for F.R. notes held by F.R.agentsj Gold certificates 12,953,000 9^6,000 2, 960,000 Eligible paper 7,31*0 3,650 3, 1*1*0 U.S.Gov’ t securities 505,000. 50,000 — j 1,171*, 020 809,111* 593,937 2,1*89,731+ 535,697 320,703 1*1*6,299 267,689 1,351+, 165 1,120,1*32 513 69,561 55,638 1,21*6,11*1* 11*6,617 530,009 587 32,512 11,810 571*,913 109,165 50ì*,698 1,91*1,21*9 1+1+1+, 572 269,208 1,028 566 269 277 92, 2lil* 26, li 63 22,683 16,631* 12,108 2*757 9,805 3,310+ 531+, 771+ 2,037,278 1+79,929 295*921+ 63,116 181,020 57,721 25,91+6 521,229 1*33,659 1 , 290,316 623 561 563 2 1,17 1 .22,683 57,675 1+5,038 7,637 l+,699 550,598 5 11, 601* 1 , 393*652 151,328 61*, 601 56,171 266 200 208 1*30 311+ 171 313 1*97 191 2,567,278 11ì93,627 1192,035 lu 703,81*5 1073,533 61*2,71*9 106l,761i 837,661* 2,899,959 15,226 il*, 767 1,007 6,81*8 5,270. 5,725 717 3,205 5,931; 5,236 3,21*1* 3,1*1*1 I 6,li32 22,925 1,1+29 11,li 02 li, 600 li, 966 530 3,162 3,165 3,221 1,000 3,221* •l+,793 •3,613 1,137 3,220 1+.1+93 li, 083 1*307 2 , 771+ 12,120 11,Olili 2,121 i+,955 2, 605*126 1511,1*32 1206,952 1*,761,033 1086,796 653,359 1071+,527 850,321 2 ,930,199 — 561 1,039 923,603 1,220,1*77 81*6,1*57 850,000 1 , 230,000 150 100,000 737,000' 630,000 2, 620,000 — — 100 125,000 30,000 ,-r mm m* ilo 650,869 2, 570,298 2,706 1,685 568,169 327,595 — li,233 1*66,891 300,070 1,1*69,287 1*00,000 330,000 . Ii70,000 306,000 1,1*81**000 — --— — — — — 5,000 195,000 MATURITY DISTRIBUTION OF BILLS /¿ID ' SECURITIES Bills discounted Industrial advances Ci. S# Government securities, direct and guaranteed Total 10,007 12,670 Within1 15 days 8,758 ' 8,357 16 to 30 days 1,01*9 21*2 31 to 60 days 200 Ili 5 61 to 90 days . • 569 9 I days to 6 months 1- - 1,023 6 months to 1 year 1 to 2 years -- 955 699 lilil,200 907,262 351,010 10i*,li52 5,950,1*62 766,977 652,791+ l / After deducting $U56,0o0,000 participations of other Federal Reserve 3anks. 352,500 2 to 5 years Over 5. years -- -■* 130 — 308,571 1 , 565,696 Form F. R. 283a Released for publication Friday morning, March 2 6 ,19U3; n° t earlier* STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BaNKS COMBINED ( In thousands of dollars) Increase or decrease since Mar. 2U, 19^3 Kar, 17» 19^5 Mar. 25, I9k2 20, 392, 661* U2 , 10U 397,679 20,832,1*1*7 - 1U,002. 1,269 + 7.0U0 + + 9G.2U7 29,081 53,971 - - 7,195 7.505 2,502 10, 00? 12,670 + 2,335 * 2 , 521186 298 + +' * 2,137 1,561 3,693 2,031,667 ' 935i.it75 1,327,275 1,556,01*5 - 67.19U - 30,203 -U68.500 +21*9,939 + . 529,931 ■292;975 +li,327,275 ♦1 ,,556,02*5 5,950>1*62 -315.905 ♦3i, 706,226 5,973,139 U7 70,613 1,59^,956 39,092 71*, 551 -316.389 — .+ .8,150 - 3UU.009 19 - 1.U75 +3 j,713,987 — + UU.03U + 5U2,72U i,59U + 31,761. 29., 581*, 81*5 -659.U3.5 ,323,717 12,607,636 - U3.682 +kt ,0'52,U23_ 13-.Q8U.369 5,711 899,682 235,-280 iU, 275. 0U2 -U31.333 356 + 33,065 + 22,733 + a. S. S E X S Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Bills discountedi Secured by U. S. Gov’ t obligations, direct and guaranteed Othvir b ills discounted Totul b ills discounted Industrial advances U. S, Government securities, direct and. guaranteed» Bonds Notes Certificates Bills Total U. S. Government securities, direct and guarsjiteecT^ Totaj b ills "and securities Due from foreign banks F. R. notes of oth^r.ban.ks Uncollected items Bank promises Other assets TOTAL ASSETS L I A B I L I T I E S F. R. notes in actual. circulation Deposits* Member bank-res-erve. account U.S. Treasurer-general account Foreign other Total deposits Deferred availability items Other lia b ilitie s including accrued dividends TOT'LL LIABILITIES C a P I I a L A C C O U N T S Capital paid in ■ Surplus (Section 7) Surplus (dqctiqn 13b) Oth^r capital accounts TOTaL LIABILITIES aND CAPITAL ACCOUNTS Ratio of total rwscrves*to deposit and F. R. note lia b ilitie s combined Comr.itmcnts to make industrial advances 5, ¿93 1,287,713 -375,31*1 -2U2,117 8,637 28,179,278 - 1,556 - - 663,196 1U6.911 160, Ull ' 2.6,829 71.U16 2U — . — + 3,735 23.58U.8U5 -659.U35 77-la* 11,763 + 1 . 2?» U66 U.,063 5.57,61U 1*66,786 ♦ 172 , 92.7 - 339,760 76,005 30.2,705 + U.6Uo ‘+lrj,293,763 + + 4+ - - 3,628 2,909 Us 23,369 , 323,"/17 13.9k 2,601 STATEMENT OF CONDITION OF THE FEDERAL RESERVE B^NKS ON MaRCH 2l*, l$k3 (I n thousands o f d o lla r s ) Form F. R. 283b SS E 1S 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 2 0 ,3 9 2 ,66k 1183,055 6, 159,255 1235,728 l,883,ii39 1017,299 853,528 3,562,255 615,220 ¿4,3,636 703,781 563,260 2,167,208 Redemption fund - F.R.notes lj.2,10l{. 5,302 852 98 2,2kl 7 »378 8,111* 2,k77 •1,587 1,565 10,93k 697 659 Other cash 1*8,41*2 19,706 90,726 26,528 18, li 60 12,736 10,818 53,501 kk,8k3 lili,7li3 8,317 397,679 18,859 Total reserves 20, 832, kk7 1230,375 6, 251,568 1267,558 l,93U,03li 10li5,ll9 B ills discounted: Secured by U* S. Gov’ t obligation s * d ire c t and guaranteed 7,505 Other b i l l s discounted 2,502 3,kk0 --- 3*650 1,068 150 239 liO 230 100 108 Total b i l l s discounted 10,007 3»kko , U»-718 388 270 Industrial advances 12,670 u. 0. Government s e c u r itie s , d ire ct and guaranteedr Bonds 2,081,667 Notes 985,U75 C e rtifica te s 1 , 327,275 B ills 1,556, oli 5 991 608 li, 506 1,199 153,.831 72,82k 98,083 ¿9 , 11a 5U9,002 259,903 350,oli5 560,2149 Total U. S. Gov*t secu rities* d ire c t and“ guaranteed 5,950,li 62 Total b ills and securities 5,973,139 ^ue from foreign banks k7 F. R. notes of other banks 70,613 Uncollected items 1,59^,956 Bank premises ■39,092 Other assets 7li,55l to t^ l ASSETS 37li,628 3,617,321 6I+I1, 6lli li52^051 717,176 57k*775 2,223,228 -- 88 305 75 55 70 125 75 208 88 305 75 55 70 200 I90 511i 367 79 7 290 369 29 3 ,7 H 163,011 77,168 103,937 58,li3li 195,510 128,678 92,555 . 60,919 I2li,658 82,01*5 67,000 , 53,399 9^,102 Wi,5li9 59,999 31,792 259,900 123,036 165,713 355,570 100,339 li7,502 63,976 15k,ksk 6o ,-562 28,669 33,6lli 31,031 98,806 31,868 1ì6,77 ó 38,758 62,999 52,199 53,38li 25,962 196,058 92,816 125,007 89,599 393,879 1,725,199 li02,550 li79,723 32 5, Olii 230,lili2 90li,219 366,311 158,876 261,965 198,787 503,li70 398,310 1,730,525 li07,lilili 1*81,192 325,763 230,897 • 90li,603 262,1*01* 199,016 507,371 1 / 18 ri,5 3 8 3kk,539 9,787 18,719 5 2 ,197 •8li,9lli li, 719 5,613 li 3,271 17!*, 108 li, 298 3,219 2 8,538 121*, 3U7 3,03k k,679 366,393 159,221 * 1 2,696 5,k33 6k, 315 35,893 2,101 1,305 2,193 3,439 1 1 2,258 6,567 82,002 70, 221* 2,790 , 1,01*1 3,006 3,587 u 1 1 ,1 1 5 178,1*73 2,679 7,329 3 l,ii57 128,100 2,712 li,9a9 — — 2 6,860 89,612 1,719 3,23li — 6 8,683 217,929 2,907 9,581* — 190 28,581*,91*5 1,765,9068,366,691; 1772,1*50 2,605,126 15U.U82 1206,952 U,761,033 1086,796 653,359 107^,527 850,321 2 ,930,199 ♦Less than $500. l / A fte r deducting $29,000 p a r tic ip a tio n s o f oth^r Federal Reserve Banks*.