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Form RA 283 STATEMENT FOR THE PRESS Released for publication Friday morning, March Jl; not e a r lie r , Board o f Governors o f the Federal Reserve System Larch JO, l^hh CONDITION OF THE FEDERAL RESERVE BANKS During the week ended'March 29 member bank reserve balances decreased 4>352,000,000. Reductions in member bunk reserves arose from increases o f ^258,000,000 in Treasury d eposits with Federal Reserve Banks, $103,000,000 in money in c ir c u la t io n , and $2h, 000,000 in nonmcmber d eposits and other Federal Reserve accounts, o f f s e t in part by increases o f $27,000,000 in Reserve Bank c r e d it , and £2,000,000 in Treasury currency and a docrcase o f $i|,000 , 000 . in Treasury cash, Excoss reserves o f member banks on March 29 were estimated to be approximately $ 600 , 000 , 000 , There was an increase o f $51**000,000 in holdings o f Urited States Government s e c u r it ie s : c e r t i f i c a t e s increased $ 6 7 , 000,000 and bonds $7 , 000 , 00 ^, while b i l l s decreased $ 1 9 , 000 , 000 * Changes in member bank reserve balances and rela ted items during the week and the year ended March 2 9 , lg ¡¿Us were as fo llo w s ; increase or decrease since I.larch 2 9 , 1944 March 22, I9hh March J lf ____ 1943 ( In m illi ons o f d ollars) U. S. Govt, s e c u r it ie s ( i n c l . guar, s e c .) Loans, d iscou n ts, and advances Other Reserve Bank c r e d it 12,297 93 359 + 54 + 18 - 46 +6,378 + 67 + 112 Total Reserve Bcxnk c r e d it Gold stock Treasury currency 12,749 21,600 4,092 + 27 — + 2 +6,558 - 976 + 103 Member bank reserve balances Money in c ir c u la tio n Treasury c^sh Treasury d eposits with F.R. Banks Nonmember deposits and other F.R,accounts 12,053 21,037 2,329 753 2,269 + + ♦ - 706 +4,787 + 105 + 698 + 800 352 103 4 258 2b Form F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 29, 1944 (In thousands o f d ollars) Total Boston New York P hila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 17 , 498,702 1163,689 3897,470 1180,343 1552,337 1160,952 1011*825 3254,646 749,582 397,399 647,530 LI A. E I L I T I E S Federal Reserve notes Deposits: Member bank-reserve acct.12, 053,244 U.S.Treasurer-general a cct. 753» 087 Foreign 1,564,387 Other 353,121 581,596 4042,125 76,413 161,869 105,349 V 6 14 ,616 3,261 ‘ 259,517 596,581 942,908 84,994 104,197 137,243 132,767 6,724 7,307 469,497 44,475 59.670 3,633 503,649 1759,952 46,696 65,335 47,736 184,979 4,483 4,292 Total deposits 14, 723,839 766,619 5078,127 325,542 1187,179 577,275 602, 5é4 Deferred a v a ila b ilit y items ]*lj235170 107,794 287,631 84,918 91,743 166,608 103,692 Other lia b ilit ie s .in c lu d in g accrued dividends 529 3,009 2,309 717 847 457 327' TOTAL LIABILITIES 33,653,720 2038,819 9265,537 2098,157 2906,>71 1842,376 1699,634 Capital paid in 11,827 15,948 156,587 57,751 5,564 6,275 9,379 Surplus (S ection 7) 70,012 13,206 16,026 5,236 188,097 17,859 5,725 Surplus (S ection 13b) 7,092 26,965 4,421 3,290 2,874 1,007 749 Other capital accounts 3»496 4,932 4,314 15,015 68,075 3,335 4,347 TOTAL LIABILITIES iiND CAPITAL ACCOUNTS 34,093,444 2068,274 9415,407 2136,578 2948,237 1862,109 1716,019 Commitments to make in du strial advances — 700 1 1,1 6 5 52 3,597 1,115 9 506,802 58,689 276,107 553,344 500,4411397,716 31,426 37,653 33,773 44,453 32,819 43,261 43,261 116,442 ■io-, 536 4,873 2,145 36,923 350,888 26,748 639,131 579,620 1595,534 68,859 50,603 152,024 323 1,137 5494,202 1315,396 18,166 4,793 26,490 6,330 530 1,429 10,727 2,953 531 250 287 245 775,285 1355,7651058,708 3802,870 4,823 13,051 3,413 5,097 3,6^9 4,831 4,554 14,159 2,129 1,000 1,137 1,307 3,721 3,036 3,685 3,514 5551,014 1330,002 787,088 1370, 0671072,705 3835,894 — 2 3,000 — — 2,690 18,143,165 1193,658 4040,339 1212,752 1595,214 1196,374 1062,151 3343,483 789,107 405,356 12,311,000 75,793 5, 656*210 290,000 7,500 536,210 1724,000 232,000 -— — 3,375 175,000 . 250,000 175,000 500,000 O O 750,000 2295,000 — — 325,000 1170,000 O•> rH 775,000 650 450,000 O O * O 751,000 3445,000 740,000 1098,000 — 2,695 59, >68 ' 1,910 450,000 600, 000- 475,ooo 500,000 663,397 453,998 2177,336 OJ F.R. notes outstanding C o lla te r a l fo r F.R .notes held by F.R.Agents: Gold c e r t ific a t e s E lig ib le paper U.S.Govt, sec^ rities 2014,553 223,861 429,328 21,803 46,244 9,427 Dallas San Fran. 428,198 2054,731 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Total Discounts and advances Industrial loans U„ S. Govt, secu rities ( in c l. guar, s e c .) 32,9?3 9,976 Within 15 days 71,999 3,538 16 to 30 days 610 507 31 to 60 days 61 to 90 days 7,183 27 3,150 294 9I days to 6 months —— 6 months to 1 year . 171 277 1 to 2 years —— 116 1 , 313, 400, 17,800 986,990 2,371,911 1/ A fter deducting $9li8,7^3*000 participation s o f other Federal Reserve Banks, ,297,447 1 , 999,614 1 , 077,232 2,398,4^9 2 to 5 years Over 5 years _ _ 46 977,445 — 1 , 154,586 Form F'. R. 283a Released fo r pu blication Friday morning, March 31» 1944» not E arlier, STATEMENT OF CONDITION OF. THE TWELVE"FEDERAL RESERVE BANKS COMBINED (In thousands o f d o lla r s ) Increase or decrease since Mar. 29 1941+ .Mar. 22 1944 . Mar, 31 19L5 17,000 11,685 18,503 23,818 -1,237,087 + 21+8,51+5 53,501 ASSETS Gold c e r t if ic a t e s on hand and due from U* S. Treasury Redemption fund - F* R. notes Other cash Total reserves 19 , 71+2,629 82,928 9,976 Discounts and advances In du stria l loans U. S. Govt, s e c u r itie s B ills C e r tific a te s Notes Bonds Total U. S« Govt» s e c u r itie s ( i n c l . guar. s e c ,) 1 Total loans and s e c u r it ie s Due from fo r e ig n banks F. R. n^tes o f other banks U n collected items Bank premises Other assets TOTAL a SSETS L I A B I L I T I E S Federal Reserve notes D ep osits; Member bank - reserve account U .S.Treasurer-general account Foreign Othe r Total deposits Deferred a v a ila b ilit y items Other l i a b i l i t i e s in clu din g accrued dividends TOTAL LIABILITIES CAPI TAL 6,733,37*6 2,951,340 1,161,264. 1 ¿ 5 1 ,¿+67 --............. 12,297,41+7 AC + - - 1 ,0l+2 ,01+3 + 18,260 + 118 + - 18,502 + 66,700 +4=,61+6,863 +2 , 101,665 + 18,6,689 - 556,900 + 6,500 70,207 2,682 + 5^,698 1 +6 , 378,317 + 73,076 +6,44-5,81+2 - 3,656 -119,319 38. + l ,91+9 + + + - 31+,093,444 • - 71,806 +5,746,815 1 7 ,1+98,702 + 69,330 +4,740,206 1 2 ,053, 241+ 753 »087 1 ,561+, 387 353»121 - 351,828 +258,093 + 2 1 ,1+36 + 2 ,951 - 706,056 + 698,244 + ,684,992 + 66,036 ll+ ,723,839 1,1+23,170 - 69,348 - 73,252 + + 743,216 231,487 + + ’ 2,427 12,390,351 136 82, 361+ 1,781,852 34,971+ 61,138 8,009 33,653.720 530 - 72,71+0 89 17,221 31+3 ,271+ 4,083 13,485 +5.717,336 COUNTS Capital paid in Surplus (S ection 7) Surplus (S ection 13 b) Other ca p ita l accounts TOTAL LIABILITIES AMD CAPITAL ACCOUNTS Ratio o f t o ta l reserves to d ep osit and F. R. note l i a b i l i t i e s combined Commitments to'make in d u stria l loans 19 »134-,325 290,53.5 317,769 156,587 188,097 26,965 68,075 34,093,444 ¿1.3# 11,165 + 54 < ;+ + + 880 - 71,806 + 1,934 9.676 27,686 136 8,019 +5,746,815 16.4# 1,978 Form F. R. 263b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MARCH 29, 1944 (In thousands o f d o lla rs) ASSETS Total Boston New York P hila. Cl eve. Ri ch. Atlanta Chicago St. Louis! Gold c e r t ific a t e s on hand and due from U#S«Treasury 19 , 134,325 1065^956 5 , 238,382 1140,918 1,665*690 1020,981 io41+,468 3 ,441,799 Redemption fund-F*R*notes 24,721 34,827 25,152 290,535 53,219 16,357 23,305 24,253 Other cash 26,922 17,052 21,460 22 ,747 88,109 53,532 317.769 19,115 Total reserves Discounts and advances Industrial 1 mns U\ Govt, s e c u r itie s : B ills C ertificates ftjotes Bonds Due from foreign banks F*R.notea o f other banks Uncollected items Bank premises Other assets TOTAL ASSETS 723-,341 11,957 11,323 536,069 2,357*278 9,442 29,304 10,761 28,209 752,621 556,272 e ,414,791 5,000 4 556,773 393,207 7,5oo — — 278 59,668 123 12,390,351 136 82,364 1 , 781,852 34,974 61,138 1,000 105 3,375 30 5 500 4,488 626,837 304,722 119,893 149,861 630 375 650 217 418,030 393,638 230,466 323.491 .127,285 90,681 113,342 ...159,094 289,648 196,974 77,502 96,069 208,058 1 ,098,127 317,657 163,937 124.990 64*503 80,623 156,226 414,432 177,180 144,682 93,470 56,929 36,777 71,155 45,968 226,694 153,694 60 ,474 75,587 182,016 138,039 54,316 67,890 828^127 1 ,027,900 660,993 517,3^1 1,697,000 687,198 353,395 516,449 442,261 1 , 201,318 8o4,481 3 ,624,042 834,036 1,028,905 661,860 518,226 1 , 702,004 694,698 353,673 519,854 442,266 1 , 206,306 10 1,556 140,088 1,652 4,304 12 2,211 105,839 3,564 4,285 6 7,269 122,814 2,915 4,491 4 6,264 106,494 1,643 3,448 2,695 352 6 , 733,376 ; 375,424 2 , 323,292 2 , 951,340 225*969 658,239 258,998 1 ,161,264 88,911 323.722 1,451,467 111,130 Total U. S. Govt, se cu ritie s '' ( inol.» guar, s e c .) 12,297,447 801,1+34 3.564,251 Total loans and secu rities 515,614 377.829 29,258 8*740 6,638 11,901 19, 742,629 1116,183 5 , 361,318 1186,631 1,713,589 1062,754 1079,940 '3,548,550 82,928 9,976 Minn. Kans.Cy. Dallas San. Fran. 1/ 49 H+,107 392,342 2 »081 l 4 ,468 1,910 3 *999 12 4,177 190,229 4,186 7,189 17 10,233 280,892 2,931 6,387 4 £,217 68,515 2,054 2,741 3 2,390 34,777 1,276 1,762 4 5,476 86,444 2,720 2,948 4 3,388 66,960 948 2,867 11 20 ,076 186,458 2,004 6,248 34,093.444 2068,274 9,415,407 2136.578 2,94:8,287 1862,109 1716,019 5,551,014 1330,002 787,088 1370,067 1072,705 3.835,894 l / Jkftpr deducting $87,000 p a rticip a tion s o f other Federal Reserve. Banks.
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