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Form FR-283
STATELIER? FDR THE PRESS
Released for publication
Friday morning, April 12;
not earlier.
Board of Governors
of the Federal Reserve System
April 11, 1940.
CONDITION OF THE FEDERAL RESERVE BANKS
During the week ended April 10 member bank reserve balances increased
$180,000,000. Additions to member bank reserves arose from decreases of
$12,000,000 in money in circulation, $19,000,000 in Treasury cash, $102,000,000
in Treasury deposits with Federal Reserve banks, and $4,000,000 in nonnember
deposits and other Federal Reserve accounts, and increases of $53,000,000 in gold
stock and $2,0(30,000 in Treasury currency, offset in part by a decrease of
$12,000,000 in Reserve bank credit. Excess reserves of member banks on April 10
were estimated to be approximately $5,950,000,000, an increase of $130,000,000
for the week.
Changes in member bank reserve balances and related items during the week
and the year ended April 10, 1940, were as follows:
Increase or decrease
since
April 10,
1940
April 3,
1940
April 12,
19?9 '
(in millions of doll.ars)
Bills discounted
Bills bought
U» S. Gov't securities,direct and ,guaranteed
Industrial advances (not including 9 million
commitments - April 10}
Other Reserve bank credit
-
-
1
1
97
10
21
- 11
+
4
18
Total Reserve bank credit
Gold stock
Treas'ury currency
2,500
18,523
2,993
- 12
+ 53
+ 2
- S4
+3,093
+ 151
Member bank reserve balances
Money in circulation
Treasury cash
Treasury deposits with F. R, banks
Nomomber deposits and other F. R. accounts
12,575
7,509
2,353
590
989
+180
- 12
- 19
-102
- 4
+3,04-7
+ 674
- 354
- 425
+ 218
2
-
2,467
-
1
Form FR-283-a
Released for publication Friday morning, April 12,1940; not eerier.
STATEMENT OF CONDITION
OF THE TYJELVE FEDERAL RESERVE BANKS COMB HIED
(In thousands of dollars)
Increase or decrease
since
April 12,
April 3,
April 10,
1°40 ,
1940
1939
ASSETS
Gold certificates on hand and
due from U. S. Treasury
+ 59,455
+3,444,355
16,161,074
772
549
8,672
+
Redemption fund - F. R. notes
+
Other cash
+
9,064
9,847
385,310
Total reserves
+ 69,851
16,555,056
+3,452,647
Bills discounted{
Secured by U. S. Gov*t obligations,
direct and guaranteed
366
710
1,171
Other bills discounted
+
52
201
+
1x727
Total bills discounted
658
970
2,093
561
Bills bought in open market
Industrial advances
4,004
263
9,875
U. S. Government securities,
direct and guaranteed:
+ 426,405
Bonds
1,337,495
46,884
Notes
1,129,225
4
% , 816
Bills
Total U. S. Government securities,
direct and guaranteed
2,466,720
97,295
-
-
-
-
-
-
-
—
Total bills and securities
Due fron foreign banks
F. R. notes of other banks
Uncollected items
Bank premises
Other assets
TOTAL
ASSETS
LIABILITIES
F. R. notes in actual circulation
Deposits t
member bank - reserve account
U. S. Treasurer - General account
Foreign bank
Other deposits
Total deposits
Deferred availability items
Other liabilities including accrued
dividends
TOTAL
LIABILITIES
CAPITAL A 0 00 U H I8
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
TOTAL LIABILITIES A1JD CAPITAL ACCOUNTS
Ratio of total reserves to deposit and
F. R. note liabilities combined
Commitments to make industrial advances
2,478,688
47
22,146
592,220
41,612
59,572
19,749,341
4,923,425
1,315
102,830
114
+
812
56,708
1,028
+
9,410
+ 29,94-5
+3,302,189
921
—
+
-
-
4,148
44,448
-
11,211
+179,267
..1
L01,617
11,533
+ 7,783
+ 73,900
33,731
4,415
19,396,958
+
C47
+ 29,805
136,127
151,720
26,839
37,697
19,749,341
—
8,790
-
-
+
12,574,727
590,460
372,802
360,319
13,898,308
570,810
88.0%
-
18
_ -
+
528,972
+3,046,923
424,574
+ 105,370
+ 113,203
+2,840,922
75,460
—
271
+3,294,163
-
+
+
1,171
2,568
425
+
4,712
+3,302,189
-
158
+
+ 29,945
+
+
+
.
. m
-
3.2%
3,226
Form KR-283-b
STATEMENT 0? CONDITION OF THE FEDERAL RESERVE 3AIIKS ON APRIL 10, 1940
(In thousands of dollars)
A S S E T S
Total
Gold certificates on hand and
16,161,074
due from U. S. Treasury
Redemption fund - F. R. notes
8,672
Other cash
385,310
Total reserves
16,555,056
Bills discounted:
Secured by U. S. Gov't obligations,
direct and guaranteed
366
Other bills discounted
1,727
Boston New York
Phila.
Cleve.
Rich. Atlanta
Chicago St.Louis Minn. Kans.Cy. Dallas San Fran.
880,382 8,049,302
485
943
32,012 108,405
894,192 1,001,131 421,419 330,953 2,469,309 3^9,505 257,555 363,098 226,822
1,000
735
984
690
931
617
634
333
269
31,625
28,494 21,973 18,8^5
50,002 17,115
9,704 17,024 16,771
897,406
1,051
33,300
912,879 8,158,650
926,817 1,030,360 444,376 350,528 2,520,242 387,237 267,893 380,455 243,862
931,757
25
- -
45
501
55
110
23
130
10
113
36
136
-69
128
80
22
30
145
35
227
38
135
2,093
9,875
25
1,238
546
2,041
165
2,745
153
312
123
915
172
S03
197
80
337 - -
22
197
175
116
262
483
173
688
1,337,495
1,129,225
97,529
82,343
400,969
338,532
106,802
90,170
136,778 68,248 56,495
115,478 57,622 47,700
146,385 61,325 40,271 61,738 51,517
123,590 51,775 34,000 52,123 43,495
109,438
92,397
Total U. S. Gov't securities,
direct and guaranteed
2,466,720
179,872
739,501
196,972
2.52,256 125,870 104,195
269,975 113,100 74,271 113,861 95,012
201,835
Total bills and securities
2,478,688
181,135
742,088
199,882
252,721 126,908 105,170
270,509 113,180 74,490 114,152 95,757
202,696
47
22,146
592,220
41,612
59,572
3
691
56,283
2,875
4,005
18
1,609
141,270
9,840
17,080
5
912
45,053
4,54l
5,150
4
2
2
1,574 3,911
2,648
64,535 50,203 26,010
5,510 2,526
2,023
6,623 3,478
2,439
6
1
*
1
1
3,046
2,819
1,229 1,241
693
84,652 28,420 16,190 27,161 21,937
3,373 2,250
1,389
3,197 1,159
6,118 2,562 1,816
2,623
2,459
4
1,773
30,506
2,929
5,219
Total bills discounted
Industrial advances
U.S. Government securities,
direct and guaranteed:
Bonds
'
Notes
Due from foreign banks
F.R. notes of other banks
Uncollected items
Bank premises
Other assets
TOTAL
ASSETS
19,749,341 1,157,871 9,070,555 1,182,360 1,361,327 631,404 488,820 2,887,946 536,469 363,007 528,830 365,868 1,174,884
*Less than $500.
Form FE-283-c
STATZZ.IE;tIT O F cor
(in thousands of dollars)
LIABILITIES
Total
F. E. notes in actual circulation
4,923,425
Depositss
Member bank-reserve acct.
12,574,727
U.S.Treasurer-General acct,
590,460
Foreign bank
372,802
Other deposits
360,319
Total deposits
13,898,308
Deferred availability items
Other liabilities including
accrued dividends
TOTAL LIABILITIES
C A P I T A L
Boston New York
Phila.
405,372 1,274,239
345,614
453,836 218,107 159,869 1,081,864 193,030 141,823 183,042. 79,668
386,956
605,703 6,991,538
33,121 143,074
'26,841 131,245
7,003 276,776
667,764
38,013
36,706
17,928
727,483 296,685 239,645 1,525,061 250,953 150,740 261,532 208,988
100,737 33,590 33,902 35,091 30,819
39,356 31,705 30,683
44,946 11,237 8,240 10,862 11,236
34,833 16,106 13,109
7
3,461
8,121 4,834 1,399 2,307
8,454 3,521
648,635
40,369
27,4/1
18,930
672,668 7,542,633
760",411
810,126 348,017 291,022 1,674,205 303,901 197,716 308,884 253,350
735,375
86,501 28,525 14,147 26,212 21,472
27,019
570,810
55,055
130,573
42,735
4,415
364
1,070
823
Oleve.
Rich. Atlanta
63,755 49,848 24,968
465
133
Chicago St.Louis Mian. Kans.C;-. Dallas San Fran.
116
156
162
263
148
231
19,396,958 1,133,459 8,943,515 1,149,583 1,328,182 616,105 476,015 2,843,054 525,572 353,253 518,401 354,638 1,149,581
A C C O U N T S
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
136,127
151,720
26,839
37,697
9,341
10,405
2,874
1,792
51,094
53,326
7,109
10,511
11,905
14,198
4,393
2,281
14,012
14,323
1,007
3,803
5,271
5,247
3,246
1,535
4,631
5,725
73.3
1,736
13,618
22,824
1,429
7,021
4,117
4,709
2,949
3,152
538
1,001
1,533
5
V, 0 5 2
4,377
3,613
1,142
1,297
4,105
3,974
1,266
1,885
10,707
10,224
2,121
2,251
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
19,749,341 1,157,871 9,070,555 1,182,360 1,361,327 631,404 488,820 2,887,946 536,469 363,007 528,830 365,868 1,174,884
Commitments to make industrial
3,846
advances
8,790
1,145
1,105
181
336
860
1.145
1.105
748
17
19
58
475 - MATURITY DISTRIBUTION OF BILLS AIID SECURITIES
2 Years to
Over
Within
16 to
31 to
61 to
91 days to 6 months
1 Tear
5
Years
5
Years
Total 15 days
30 days 60 days 90 days
6 months to 1 Year
to 2 Years
Bills discounted
523
233
928
229
161
19
2,093
2,452
Industrial advances
227
188
781
1,412
1,494
2,079
9,875 1,242
U.S. Government securities,
731,708
1,261,799
direct and guaranteed
224,796
248,417
2,466,720
Form FR-283-d.
FEDERAL RESERVE HOTE STATEMENT ON APRIL 10, 1940
(in thousands of dollars)
Total Boston Hew York
Phila.
Cleve.
Rich. Atlanta
Chicago St.Louis Mirxn# Kans.Cy, Dallas San Fran.
Federal Reserve notes*
Issued to F.R.bank by F.R. agent
Held by Federal Reserve bank
5,251,464 421,813 1,379,882 362,046 477,809 233,683 174,581 1,127,147 204,628 .145,671 191,686 87,701 444,817
328,039 16,44-1 105,643 16,432 23,973 15,576 14,712
45,283 11,598
3,343 8,644 8,033 57,861
In actual circulation
4,923,425 405,372 1,274,239 345,63.4 453,836 218,107 159,369 1,081,864 193,030 141,328 183,042 79,668 386,956
Collateral held by agent as security for notes issued to bank:
Gold certificates on hand and
due from U. S. Treasury
5,368,500 440,000 1,395,000 375,000 482,000 250,000 180,000 1,140,000 209,000 147,500 195,000 91,000 464,000
Eligible paper
471
25
120
67 - 80
40
139 - Total collateral
5,368,971 440,025 1,395,120 375,067 482,000 250,080 180,000 1,140,000 209,040 147,500 195,139 91,000 464,000
@FedFRASER