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Form F. R. 283 STATEMENT FOR THE PRESS Released for publication Friday morning, Mar. 7; not earlier, Board of Governors of the Federal Reserve System March 6, 1941. CONDITION OF THE FEDERAL RESERVE BANKS During the week ended March 5 member bank reserve balances decreased $39,000^000. Reductions in member bank reserves arose from increases of $80,000,000 in money in circulation, $23,000,000 in Treasury deposits with Federal Reserve Banks,- and $19,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $58,000,000 in gold stock, $14,000,000 in Reserve Bank credit, and $2,000,000 in Treasury currency, and a reduction of $12,000,000 in Treasury cash. Excess reserves of member banks on I.iarch 5 were estimated to be approximately $6,44-0,000,000, a decrease of $100,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended March 5, 1.94-1, were as follows« Increase or decrease since Mar. 5, Feb. 26, ._l?4L_ Mar. 6, 1940 (in millions of del.lars) Bills discounted U. S. Gov’ t securities,direct and guaranteed Industrial advances (not including 6 million commitments - March 5) Other Reserve Bank credit 2 2,184 - 1 8 A3 Total Reserve Bank credit Gold stock Treasury currency Member bank reserve balances Honey in circulation Treasury cash Treasury deposits with F. R. Banks Nonmember deposits and other F. R* accounts ~ 1 293 — + 15 + 2 18 2,237 22,237 3,103 + 14+ 58 •f 2 - 278 +4,017 + 119 1-4,136 8,805 2,192 391 2,052 + + + +1,769 +1,324 — 166 - 145 +1,075 39 80 12 23 19 Fora F. R. 283—a Released for publication Friday morning;, March 7, 1941; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Feb. 26, Mar, 6, Mar. 5, 1940 1941 1941 ASSETS Gold certificates on hand and due from U. S. Treasury 20,030,246 + 68,965 +4,161,625 + 1,000 + 672 Redemption fund — F.R. notes 10,244 -...16*297 - 17,992 Other cash 319,789 Total reserves +4,125,900 20,360,279 + 51,973 Bills discountedj Secured by U. S. Gov’ t obligations, + 1,183 direct and guaranteed 439 1,653 1,916 Other bills discounted 591 = _ 3ii 2,244 Total bills discounted 733 473 125 2,689 Industrial advances 7,715 U. S. Government securities, direct and guaranteed* — 1,284,600 59,445 Bonds 899,500 - 233,725 Notes Total U, S. Government securities. direct and guaranteed - 293,170 2,184,100 Total bills and securities 2,194,059 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 21,563 888,648 39,896 ......54*238 TOTAL 23,558,730 + 891 + 29',300 56 + .1*020 + 82,548 6,039,650 + 62,875 +1,150,363 14,136,067 390,686 1,121,057 651,245 16,299,055 845,896 + + + 38,657 22,799 10.986 31 ',859 5,015 +1,768,981 - 145,302 + 767,524 + 274,213 +2,665,416 + 14,859 + 251,358 __JLaJ60 23,187,961 201 + 82,548 + 262 +4,067,399 139,629 157,065 26,785 47,290 23,558,730 + + + ASSETS 598 — - 296,592 + 1,628 + 269,468 1,807 - 11,457 +4,087,140 L I A B I L I T I E S F. R. notes in actual circulation Deposits* Member bank - reserve account Uv- S* Treasurer - General account Foreign Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES JIJD CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. nota liabilities combined Commitments to moke industrial advances 91.1* 5,893 — — 43 r 42 + 82,548 “ + *1% c.27 3,555 5,345 54 + 10,895 +4,087,140 + 3.5% 3,233 Fora f. R. 283—b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON Ï.IARCH 5, 194-1 (In thousands of dollars) ASSETS Total Boston New York Pliila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Oy. Dallas San Fran. Gold certificates on hand and due fron ü. S. Treasury 20,030,246 1,219,688 9,758,211 1,070,931 1,399,179 603,464 415,569 2,867,576 491,114 307,261 429,239 307,407 1,160,607 Redenption fund - F.R.notes 10,244 898 1,757 595 746 1,056 1,286 711 543 253 294 942 1,163 Other cash 319,789 26,670 77,893 26,044 22,076 17,843 23,980 44,753 14,791 6,662 17,230 12,090 29,757 Total reserves 20,360,279 1,247,256 9 ,837,861 1,097,570 1,422,001 622,363 440,835 2,913*040 506,448 314,176 446,763 320,439 1,191,527 Bills discounted: Secured by U.S. Gov’ t obligations, direct and guaranteed 1,653 10 1,211 181 — 18 — 21 25 139 48 — Other bills discounted 591 — 161 12 50 — 11 14 — 68 275 — — Total bills discounted 2,244 Industrial advances 7,715 U. S. Governnent securities, direct and guaranteed: Bonds 1 ,284,600 Notes 899,500 1,372 10 914 1,753 193 2,242 93>212 65,269 372,013 260,490 102,035 72,007 2,184,100 158,481 632,503 Total M i l s and securities 2,194,059 Due ffon foreign banks 47 F. R. notes of other banks 21,563 Uncollected itens 888,648 Bank premises 39,896 Other assets 54,238 159,405 3 521 76,366 2,824 3,725 635,628 18 1,586 281,790 9,667 15,087 direct and guaranteed TOTAL ASSETS 50 213 18 768 11 340 35 360 25 2 207 250 323 72 — — 277 524 126,632 70,566 53 »587 88,671 49,410 37,522 144,04-6 60,66l 39,320 64,518 51,073 100,864- 4-2,477 27,532 45,177 35,762 106,137 74*319 174,842 215,303 119,976 91,109 244,910 103,138 66,852. 109,695 06,835 180,456 177,277 5 047 53,806 4,526 4,746 215,566 120,762 91,460 2 2 4 3,172 3,682 1,723 90,652 61,764 34,164 4,562 2,578 1,984 5,766 3,245 2,178 245,305 103,165 67,309 110,090 87,112 * 1 1 6 1 1,199 739 1,531 2,456 2,315 111,661 43,309 18,111 31,394 36,034 3,029 2,311 1,362 3,011 1,211 2,592 2,220 5,797 2,387 1,700 180,980 4 1,792 48,717 2,831 4,795 23,558,730 1,490,100 10,781,637 1,330,857 1,740,274 814,396 573,795 3,281,294 659,936 403,857 595,302 446,556 1,430,646 *Less than $500. Form F. R. 28>*c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS 015 MARCH 5, 1941 (In thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual cir culation 6,039,650 Deposits! Member bank-reserve acct,14 ,136,067 U.S.Treasurer—General acct. 390,686 Foreign 1,121,057 Other deposits 651,245 Total deposits l6,299*055 Deferred availability itens 845,896 Other liabilities including accrued dividends 3,360 Chicago St,Louis Minn. ]ïans.Cy. Dallas San Fran. New York Phila. 487,686 1,592,526 419,716 556,503 290,634 201,436 1,295,085 227,157 160,450 211,567 100,510 496,380 826,590 7,582,686 78,142 12,784 620,207 56,265 6,763 518,593 713,226 15,748 75,254 24,965 966,228 398,486 275,083 1,642,568 280,342 167,869 285,462 247,368 76,828 o4P198 26,477 23,275 24,902 12,530 11,612 20,103 93,098 23,274 17,068 22,4+99 22,499 71,375 33,360 27,153 16,207 10,009 6,503 8,367 10,558 6,173 5,879 5,249 750,154 24,087 59,005 31,979 902,402 8,799,628 74,032 260,572 829,193 1,060,691 449,631 328,223 1,828,701 377,823 217,917 339,603 300,018 109,767 43,156 15,722 32,069 36,493 55,191 88,465 5.7,933 30,427 865,225 41,269 I30 157 387 818 306 Cleve, Rich. Atlanta Boston 354 323 150 375 131 121 108 23,187,961 1,464,507 10,653,544 1 ,304,406 1 ,706,013 798,521 560,236 3 >233,928 648,267 394,210 584,147 437,151 1,403,031 TOTAL LIABILITIES C A P I T A L A C 00 U I T S 14,654 4,246 2,975 4,503 4,261 Capital paid in 14,376 5,411 4,787 51,516 11,664 11,887 139,629 9,349 22,824 4,925 3,152. 3,974 10,906 Surplus (Section 7) 5,725 15,144 10,785 56,447 3,613 157,065 14,323 5,247 1,4.29 533 1,000 1,138 . 1,263 2,121 Surplus (Section 13b) 7,070 1,007 3,244 713 2,874 26,785 4,393 8,459 1,965 2,520 1,981 1,907 Other capital accounts 47,290 13,060 3,045 4,555 1,973 2,334 2,464 3,027 C tOo<CN TOTAL LIABILITIES AND 23,558,730 1,490,100 10,781,637 1 ,338,857 1,740,274 804,396 573,795 3,281,294 659,936 403,857 595,382 448,556 1,430,646 CAPITAL ACCOUNTS Connitaents to nake industrial 168 45 768 258 441 — 8 35 4 2,403 1,584 advances 179 5,893 MATURITY DISTRIBUTION OP’BILLS AITI) SECURITIES Over 1 Year ;2 Years to 61 to 91 days to 6 nonths 16 to Within 31 to 5 Years 5 Years 6 months to 1 Year to 2 Years Total 15 days 30 days 60 days 90 days — — 26 90 196 1,796 99 37 2,244 Bills discounted 2,222. 1,377 1,154 974 79 155 1,417 Industrial advances 337 7,715 U. S. Government securities, -— — 633,400 1,135 181,800 115,300 43,000 74,800 2,184,100 direct and guaranteed Foro F. R. 283-d FEDERAL RESERVE KOTE STATEMENT OK MARCH 5, 1941 (ln thousands of dollars) Total Boston lien York Phila. Cleve. Rieh. Atlanta Chicago St.Louis Minn. Xons.Cy. Dallas San Fran. federal Reserve notest Issued to F.R.Bank by F.F..agent Held by Federal Reserve Bank 6,327,123 507,068 1,669,395 438,776 578,993 304,995 220,935 1,326,700 238,653 164,658 219,564 109,949 547,429 287,473 19,382 76,809 19,060 22,490 14,361 19,499 31 ,623 11,496 4,208 7,997 9,439 51,049 In actual circulation 6,039,650 487,686 1,592,526 419,716 556,503 290,634 201,436 1,295,085 227,157 160,450 211,567 100,510 496,380 Collateral held by agent as se curity for notes issued to bank: Gold certificates on hand and due from U.S. Treasury 6,4-32,500 510,000 1,680,000 450,000 580,000 325,000 225,000 1,340,000 244,000 165,500 225,000 114,0^0 574,000 Eligible paper 2,085 10 1,308 194 — 18 — 25 207 323 — — Total collateral 6,434,585 510,010 1,681,308 450,194 580,000 325,018 225,000 1,340,000 244,025 165,707 225,323 114,000 574,000
@FedFRASER