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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, April 19j not earlier. Board of Governors of the Federal Reserve Syster April 18, 1940 CONDITION OF THE FEDERAL RESERVE BAIJKS During the week ended April 17 member bank reserve balances increased $182,000,000. Additions to member bank reserves arose from decreases of $4),000,000 in Treasury cash and $77,000,000 in Treasury deposits with Federal Reserve banks, and increases of $108,000,000 in gold stock and $14,000,000 in Reserve bank credit, offset in part by increases of $27,000,000 in money in circulation and $30,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on April 17 were estimated to be approximately $6,050,000,000, an increase of $100,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended April 17, 1940, were as follows t Increase or decrease since April 17, 1940 April 10, 1940 April 19, 1939 (In millions of dollars) Bills discounted Bills bought U. S. Gov't securities,direct and guaranteed Industrial advances (not including 9 million commitments - April 17) Other Reserve bank credit 2 1 1 97 2,467 10 35 — + 14 3 + 2 5 Total Reserve bank credit Gold stock Treasury currency 2,514 18,631 2,992. + 14 +108 - 1 +3,026 Member bank reserve balances Honey in circulation Treasury cash Treasury deposits with F. R. banks Homiornber deposits and other F. R. accounts 12,757 7,536 2,313 513 1,019 +182 + 27 - 40 - 77 + 30 + 77 148 +3,014 + 678 - 410 - 438 + 254 Jbrm FR-283-a Released for publication Friday morning, April 19,1940s not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since April 19, April 10, April 17, 1940 1940 19?9 ASSETS Gold certificates on hand and 16,288,976 +127,902 +3,412,258 due from U. S. Treasury+ 490 + 603 Redemption fund - F. R. notes 9,275 + Other cash 6,869 387,927 + 2,617 Total reserves Bills discountedi Secured by U. S. Gov't obligations, direct and guaranteed Other bills discounted Total bills discounted Bills bought in open market Industrial advances U. S. Government securities, direct and guaranteed: Bonds Notes Bills Total U. S. Government securities, direct and guaranteed Total bills and securities Due from foreign banks ?. E. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS +131,122 +3,419,617 632 1,831 + + 266 104 - 2,463 + 370 - 16,686,178 — - 9,852 23 1,337,495 1,129,225 2,466,720 2,479,035 + W M - - — — + - 597 225 372 560 3,626 + 426,405 46,884 476,816 97,295 347 - 47 19,461 763,669 41,625 58,082 - 2,685 +171,449 + 13 - 1,490 101,853 115 152 + 90,975 1,008 + 8,978 20,048,097 +298,756 +3 ,416,442 + + - — L I A B I L I T I E S F. R. notes in actual circulation Deposits! iienber bank - reserve account U. S, Treasurer - General account foreign bank Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL L I A B I L I T I E S CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 1.3b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R.note liabilities combined Corrnitnents to make industrial advances 4,931,115 7,690 513,293 +3,014,552 438,355 + 161,513 + 91,594 12,757,391 512,52.1 384,229 377,569 +182,664 - 77,939 + 11,427 + 17,2?0 14,031,710 +133,402 728,857 +158,047 19,695,584 - , 51? +298,626 251 +3,408,034 + + + 136,132 151,720 26,839 37,822 20,048,097 88.0% 8,805 5 - ~ - - + 125 +298,756 - +2,829,304 + 65,688 - 1,161 2,568 425 + 5,104 +3,416,442 + + 15 — 3.1* 2,854 Form FR-2o.3~b STi\TELIEIW OF C0IIDITI013 0? THE FEDERAL RESERVE BANKS ON APRIL 17, 1940 (in thousands of dollars) A S S E T S Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. Gold certificates on hand and due f r o in U. S. Treasury 16,288,976 Redemption fund - F.R. notes 9,275 Other cash 387,927 888,941 8,078,757 422 1,678 30,184 106,700 897,744 1,016,433 412,124 324,915 2,519,445 371,469 250,827 358,055 228,870 846 597 626 308 1,206 258 658 652 1,000 29,412 24,365 21,102 31,036 47,430 17,843 10,035 19,313 16,445 941,396 1,024 34,057 Total reserves 919,547 8,187,135 929,780 1,046,503 437,695 346,669 2,567,721 389,909 261,488 377,681 245,573 976,477 16,636,178 Bills discounted: Secured by TJ. S. Gov!t oblinations, direct and guaranteed 632 Other bills discounted 1,831 Total bills discounted 2,463 Industrial advances 9,852 U. S. Government securities, direct and guaranteed: Bonds 1,337,495 Notes 1,129,225 Total U. S. Gov!t securities, direct and guaranteed 2,466,720 Total bills and securities> 2,479,035 Due from foreign banks 47 F.R. notes of other banks 19,461 Uncollected items 763,669 Bank premises 41,625 Other assets 58,082 TOTAL ASSETS 55 522 125 98 23 128 175 113 35 149 69 128 90 22 30 181 35 265 38 135 47 577 151 288 184 197 90 22 211 300 1,234 2,040 223 2,742 314 915 803 337 186 112 482 173 687 97,529 82,3-43 400,969 33^,532 106,802 90,170 136,778 68,248 56,495 115,478 57,622 47,700 146,385 61,325 123,590 51,775 40,271 61,738 51,517 34,000 52,123 43,495 109,438 92,397 179,872 739,501 196,972 2.52,256 125,870 104,195 269,975 113,100 74,271 113,861 95,012 201,835 181,153 742,118 199,937 252,721 127,073 105,182 202,695 3 575 70,814 2,875 3,926 18 1,319 195,229 9,840 16,695 5 816 54,667 4,541 4,650 2 2 4 l,6l4 4,357 2,247 91,470 64,762 32,617 2,526 5,510 2,023 2,416 6,526 3,399 270,509 113,190 74,479 114,184 95,794 * 1 6 1 1 1,101 1,532 385 2,345 1,696 104,692 32,480 18,751 32,519 27,650 1,389 3,197 1,159 3,373 2,263 1,787 2,572 2,444 6,009 2,520 47 — 4 1,474 38,018 2,929 5,138 20,048,097 1,178,893 9,152,354 1,194,396 1,4O4,34S 639,814 491,156 2,954,655 542,059 358,995 531,686 373,006 1,226,735 *Less than $500. Forn FR-283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 17, 1940 L I A B I L I T I E S Total Boston New York Phila. (In thousands of dollars) Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 4,931,115 Deposits* Menber bank-reserve acct. 12,757,391 U.S.Treasurer-General acct. 512,521 Foreign bank 384,229 Other deposits 377,569 405,444 1,287,810 344,729 450,501 216,478 159,584 1,084,200 193,083 141,634 182,672 79,439 621,877 7,013,375 24,400 120.396 27,360 137,541 6,594 288.397 675,057 33,299 37,492 17,548 755,574 30,238 35,580 9,817 Total deposits 680,231 7,559,709 763,396 Deferred availability itens Other liabilities including accrued dividends 14,031,710 728,857 68,410 181,710 53,100 3,902 378 1,048 386 287,585 235,063 1,590,182 255.726 148,250 265,006 80,908 30,607 30,992 30,715 30,887 32,161 16,451 13,390 45,909 11,477 8,417 11.095 10,702 6,847 _ 3,397 7_J917 5jt?34_ 1,740 831,209 345,625 287,461 1,720,396 305.727 192,893 308,556 89,027 62,279 31,151 104,669 32,221 15,152 29,786 456 208,443 385,541 32,930 11,477 2,007 701,253 34,988 28,040 _ 17^69 234,857 781,650 27,334 34,018 216 142 124 154 259 476 ?0TAL LIABILITIES 19,695,584 1,154,463 9,030,277 l,l6l,6ll 1,371,193 624,496 478,345 2,909,741 531,155 349,833 521,273 361,772 1,201,425 CAPITAL ACCOUNTS Capital paid in 4,632 2,950 4,378 4,107 10,707 14,011 5,276 13,629 4,121 136,132 9,341 51,075 11,905 Surplus (Section 7) 3,152 3,613 3,974 10,224 22,S24 4,709 14,323 5,247 5,725 151,720 10,405 53,326 14,198 Surplus (Section 13b) 1,001 1,142 1,266 2,121 1,429 538 26,839 2,874 713 1,007 3,246 7,109 4,393 Other capital accounts 1,280 1,887 2,059 2,258 1,810 7,032 1,536 37,822 1,741 10,567 2,289 3,814 1,549 114 149 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 20,048,097 1,178,893 9,152,354 1,194,396 1,404,348 639,814 491,156 2,954,655 542,059 358,995 531,686 373,006 1,226,735 Connitnents to nake industrial 468 advances 8,805 3,818 331 853 1,145 1,186 731 17 18 180 58 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total 2,463 9,852 Bills discounted Industrial advances U. S. Governnent securities, direct and guaranteed 2,466,720 Within 15 days 858 1,426 16 to 30 days 105 61 31 to 60 days 61 to 90 days 1,139 271 142 689 91 days to 6 nonths 201 1,432 6 nonths to 1 Year 1 Year to 2 Years 2 Years to 5 Years 18 1,445 2,085 2,443 224,796 248,417 731,708 Over 5 Years 1,261,799 Form FR—283-d FEDERAL RESERVE NOTE STATEMENT ON APRIL 17, 1940 (In thousands of dollars) Total Boston Ilevr York Phila. 01eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R. bank by F.R.aCent Held by Federal Reserve bank 5,239,294 419,392 1,383,199 3&>,041 475,044 232,601 173,594 1,128,60-4 203,469 145,469 190,4^8 87,111 440,332 308,179 13,948 95,389 15,312 24,543 16,123 14,010 44,404 10,386 3,83.5 7,766 7,672 54,791 In actual circulation 4,931,115 405,444 1,287,810 344,729 450,501 216,478 159,584 1,084,200 193,083 141,634 182,672 79,439 385,541 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 5,375,500 440,000 1,405,000 375,000 479,000 250,000 180,000 1,140,000 209,000 147,500 195,000 91,000 464,000 794 47 150 125 245 - 50 177 - - 5,376,294 440,047 1,405,150 375,125 479,000 250,245 180,000 1,140,000 209,050 147,500 195,177 91,000 464,000
@FedFRASER