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Forra FR-2S3 STATEMENT FOR THE PRESS P-eleased for publication Friday morning, April 15j not earlier. Boal*d of Governors of the Federal Reserve System April l4, 1938. CONDITION OF FEDERAL RESERVE BANKS During the week ended April 13 member bank reserve balances increased #176,000,000. Additions to member bank reserves arose from decreases of $103,000,000 in Treasury deposits with Federal Reserve banks, $1-4,000,000 in money in circulation, $18,000,000 in norunember deposits and other Federal Reserve accounts and $12,000,000 in Treasury cash, and increases of $6,000,000 in Reserve bank credit and $22,000,000 in gold stock. Excess reserves of member banks on April 13 viere estimated to be approximately $>1,730,000,000, an increase of $150,000,000 for the week. Inactive gold included in the gold stock and in Treasury cash amounted to $1,183,000,000 on April 13, unchanged for the week. Principal changes in Federal Reserve bank holdings of bills and securities were an increase of $6,000,000 in United States Treasury bonds and decreases of $5,000,000 in Treasury notes and $1,000,000 in.Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended April 13, 1938, were as follows* Increase or decrease since April 13 1938 April 6 1938 April 1-4 1937 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances(not including 13 million commitments - April 13) Other Reserve bonk credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits .and other F, R* accounts +2 13 1 2,564 +2 -3 +77 +5 -6 +4 2,602 12,825 2,683 +6 +22 +1 +74 +1,128 +142 7,472 6,380 3,542. l4l 575 +176 -l4 -12 -103 -18 +571 -3 +666 +29 +81 17 8 — Form FR-283-a Released for publication Friday morning, April 15,1938; not earlier, ASSETS AM) LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Apr. 13. 1938 Apr. 6. 1938 Apr. 14,1937 9,245,002 9,140 452,036 9,706,178 9,222,003 9,140 444.855 9,675,998 8,843,894 10,656 279,673 9,134,223 9,730 .. 1*194 12,924 550 16,887 7,741 ___ LJ?99 11,340 550 16,952 9,789 1.259 11,048 3,522 22,544 785,588 1,160,691 617,736 2,564,015 779,539 1,165,691 618,785 2,564,015 689,621 1,190,343 606,619 2,486,583 2,594,376 170 16,632 663,496 44,806 47,978 2,592,857 169 19,683 520,270 44,795 __._4£j821 2,523,697 230 20,621 780,351 45,872 ..45,_631 13,073,636 12,899,603 12,550,625 4,136,806 4,158,154 4,176,094 7,472,143 140,874 118,010 198,604 7,929,631 655,841 133,495 147,739 27,683 32,950 9,491 7,296,340 244,166 122,005 2X2,038 7,874,549 517,044 133,298 147,739 27,683 32,950 8.186 6,900,752 111,674 93,622 142.271 7,248,319 776,110 132,168 145,854 27,490 36,177 .. 8,413. 13,073,636 12,899,603 12,550,625 ASSETS Gold certificates on hand and due from U. S. Treasury . . . . . . Redemption fund -F. R. notes . . . Other cash . . . . . . . . . . . . . Total reserves......... . Bills discounted» Secured by U.S.Gov*t obligations,direct or fully guaranteed . . . . . . . Other bills discounted . . . . . . Total bills discounted . . . . . . Bills bought in open market . . . . Industrial advances . . . . . . . . U. S. Government securities» Bonds . . . . . . . . . . . . . . Treasury notes . . . ......... Treasury bills . . . . . . . . . . Total U.S. Government securities . Total bills and securities . . . . Due from foreign banks . . . . . . . F. R. notes of other banks . . . . . Uncollected items . . . ...... . Bank premises All other assets ... ......... TOTAL ASSETS ........... LIABILITIES F. R. notes in actual circulation . Deposits * Member bank - reserve account . . . U.S.Treasurer - General account . . Foreign bank . . . . . . . . . . . Other deposits . . . . . . . . . . Total deposits . . . . . . . Deferred availability items . . . . Capital paid in . . . . . . . . . . Surplus (Section 7) . . . . . . . . Surplus (Section 13 b) . . . . . . . Reserve for contingencies ...... All other liabilities . . . . . . . TOTAL LIABILITIES ........ Ratio of total reserves to deposit and F. R. note liabilities combined Contingent liability on bills purchased for foreign correspondents . . . . Commitments to make industrial advances 80.4% 80.4% 523 330 12,982 12,920 80.0% ----- 19,211 Form FR—283-b ASSETS AI© LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 13, 1938 (In thousands of dollars) ASSETS Total Boston New York Phila. Gold certificates on hand and due from U.S. Treasury 9,245,002 494,914 3,854,483 499,909 Redemption fund - F.R, notes 9,l4o 412 1,417 822 Other cash 452,036 46,657 112,583 29,872 Total reserves 9,706,178 541,983 3,968,483 530,603 Bills discounted* Secured by U.S.Gov’t obligations, direct or fully guaranteed 9,730 2,162 2,173 1,541 Other bills discounted 3,194 152 714 377 Cleve. Rich. Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas San Fran. 678,828 263,026 222.667 1,675,099 257,898 171.607 256,250 166,472 703,349 438 504 914 368 554 1,152 1,449 505 605 4o ,283 29,372 16,842 69,798 14,891 8,991 29,097 13,717 39,933 719,615 292,952 24o,66l 1,745,402 273,394 181,512 285,715 180,627 745,231 794 239 762 271 448 493 1,255 15 111 40 1,033 51 850 1,033 24 1,741 941 1,270 68 682 151 — 50 252 303 67 239 165 301 50 2 545 555 16 457 306 16 910 466 39 1,305 66,994 98,981 52,679 — Total bills discounted 12,924 2,314 Bills bought in open market 4i 550 Industrial advances 16,887 2,615 U.S.Government securities* Bonds 785,588 56,670 Treasury notes 1,160,691 83,731 Treasury bills 617,736 44,561 228,523 64,504 337,636 95,302 179,696 50,722 75,334 42,888 34,136 111,305 63,366 50,438 59,238 33,725 26,842 84,943 36,528 27,077 38,185 29,806 125,502 53,969 40,006 56,4l6 44,039 66,794 28,723 21,292 30,026 23,438 Total U.S. Gov1t securities 2,564,015 184,962 745,855 210,528 245,877 139,979 111,416 277,239 119,220 88,375 124,627 97,283 218,654 Total bills and securities 2,594,376 189,9^2 Due from foreign banks 170 12 F. R. notes of other banks 16,632 437 Uncollected items 663,496 60,391 Bank premises 44,806 2,987 All other assets 47,978 2,895 752,907 216,053 17 65 3,914 835 206,649 50,561 9,923 4,794 13,989 5,464 247,811 142,777 112,497 6 16 7 2,064 782 1,085 58,682 50,360 24,289 6,177 2,680 2,108 5,061 2,895 2,032 279,259 119,534 88,972 125,655 98,515 220,464 12 21 2 2 5 5 2,192 1,219 962 1,274 463 1,405 82,531 27,870 16,759 28,989 25,602 30,813 4,558 2,329 1,506 3,136 1,288 3,320 4,061 4,318 1,917 1,680 2,018 1,648 TOTAL ASSETS 2,550 215 4,287 2,255 56 3,214 19 121 3 160 13 ,073,636 798,637 4,955,930 808,327 1,038,447 492,453 383,657 2,118,281 426,265 291,393 446,792 308,148 3,005,306 Form FEè-283—c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS OK APRIL 13, 1938 (In thousands of dollars) LIABILITIES Cleve, Total Boston New York Phila# Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 4,136,806 309,638 910,950 310,9-41 Deposits* Member bank — reserve account 7,472,143 386,003 3,442,991 394,034 U.S,Treasurer - General account l4o,874 4,033 90,395 4,511 118,010 8,492 Foreign bank 42,406 .11,559 198,604 5,314 l49,S4l 4,4o4 Other deposits 411,851 193,742 149,501 962,-403 177,599 136,674 164,611 78,343 330,493 516,004 221,941 187,601 1/301,758 196,689 119,311 236,242 182,316 2,269 4,748 2,726 10,4l0 3,475 3,986 2,775 2,744 10,851 5,072 4,128 14,036 3,539 2,713 3,420 3,420 7,393 3,682 2,500 1,270 5,383 3,107 I83 2,255 586,693 8,797 8,374 13,272 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 536,517 235,443 197,015 1,027,474 ¿09,036 129,117 242,620 191,235 57,433 43,159 24,158 83,186 28,951 16,139 29,355 27,416 13,358 4,949 4,451 13,080 3,897 2,903 4,145 3,93* 14,323 4,964 5,626 22,387 4,667 3,153 3,613 3,892 730 1,429 1,007 3,409 545 1,001 1,142 1,270 7,257 1,215 1,929 3,177 1,401 1,603 934 1,776 386 282 781 372 1,005 477 305 573 617,136 32,997 10,149 9,805 P 191 2,000 605 TOTAL LIABILITIES 7,92.9,631 403,847 3,725,633 4l4,508 655,841 60,925 198,160 48,962 50,946 12,278 133,495 9,405 51,943 13,466 9,900 147,739 27,683 2,874 7,744 4,411 32,950 1,443 2,000 8,210 2,344 1,761 600 9,491 A. ^ 13 ,073,636 798,637 4,955,930 808,327 1,038,447 492,453 383,657 2 ^ 2 8 1 426,265 291,393 446,792 308,1.48 1,005,306 Contingent liability on bills purchased for foreign correspondents 523 Commitments to make industrial advances 12,982 38 188 51 48 23 18 1,473 4,191 121 1,507 1,536 181 62 -- 16 12 15 15 37 489 39 295 268 2,882 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U. S. Government securities Total Within 15 days 16 to 30 da^s 31 to 60 days 12,924 550 16,887 2,564,015 11,274 156 1,510 72,472 412 224 274 82,166 430 170 462 175,878 61 to 90 days 91 days to 6 months 6 months to 1 Year 466 — . 545 282,846 317 _ — 2,026 178,079 25 -— 3,227 123,851 1 Year to 2 Years 2 Years ) 5 Tears Over 5 Years 6,741 2,102 574,651 ■"* 724,358 349,714 Fona FRr-283-d FEDERAL RESERVE NOTE STATEMENT ON APRIL 13, 1938 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes* Issued to F.R. bank by F.R.agent 4,443,518 337,837 1,010,624 328,743 434,576 203,959 166,150 988,602 ^89,308 142,029 175,434 89,116 377,l4o Held by Federal Reserve bank 306,712 28,199 99,674 17,802 22,725 10,217 16,649 26,139 11,709 5,355 10,823 10,773 46,647 In actual circulation 4 ,136,806309,638 910,950 310,9*1 411,851 193,742 149,501 962,463 177,599 136,674 164,611 78,343 330,493 Collateral held by agent as secu rity for notes issued to bank* Gold certificates on hand due from U. S. Treasury Eligible paper U. S. Gov’t securities T otal col l àtfvral and 4,487,632 341,000 1,015,000 337,000 11,780 2,255 2,482 1,798 --25,000 - - 438,000 205,000 159,000 1,000,000 191,632 128,500 3.77,000 91,500 404,000 834 973 709 1,265 111 50 553 291 459 --10,000 --15,000 -- 4,524,412 343,255 1,017,482 338,798 438,834 205,973 169,709 1,001,265 191,743 143,550 177,553 91,791 4c4,459
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