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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morMng, April 5 J not earlier * Board of Governors of the Federal Reserve System April 4, 19AO. CONDITION OF THE FEDERAL RESERVE BUNKS During the week ended April 3 member bank reserve balances increased $101,000,000. Additions to member bank reserves arose from decreases of $10,000,000 in Treasury cash, $8,000,000 in Treasury deposits with Federal Reserve banks, and $71,000,000 in nonmember deposits and other Federal Reserve accounts, and increases of $57,000,000 in gold stock and $2*000*000 in Reserve bank credit, offset in part by an increase of $50,000,000 in money in cl*gul«&on* Excess reserves of member banks on April 3 were estimated to be approximately $5,820,000,000, an increase of $140,000,000 for the week. The principal change in holding* of bill* and securities was a decrease of $8,000,000 in United States Government securities, direct and guaranteedj holdings of bonds and of notes each decreased $4,000,000. Changes in member bank reserve balances and related items during the week and the year ended April 3, 1940, were as follows I Increase or decrease since Apr. 3, 1940 Mar. 27, 1940 Apr. 5, 1939 (In millions of dollars) Bills discounted Bills bought U, S. Gov't securities,direct and guaranteed Industrial advances (not including 8 million commitments - April 3) Other Reserve bank credit 3 + 2,467 - 1 _ _ 8 - 1 97 10 32 + 10 + 429 Total Reserve bank credit Gold stock Treasury currency 2,512 18,470 2,991 + 2 + 57 + 1 72 +3,178 + 153 Member bank reserve balances Honey in circulation Treasury cash Treasury deposits with F. R, banks Nonmember deposits and other F. R. accounts 12,395 7,521 2,372 692 993 +101 + 50 - 10 - 8 - 71 +3,077 + 666 - 340 - 411 + 266 — Form FR-283-d. Released for publication Friday morning, April 5,1940; not oilier. STATEMENT OF CONDITION OF TH3 TWELVE FEDERAL RESERVE BANKS CCM3I1IED (in thousands of dollars) Increase or decrease since . Apr# 3, Liar, 27, Apr* 5, 1940 1940 1939 ASS E T S Gold certificates on hand and +3,528,901 + 54,001 due from U. S. Treasury 16,101,619 1,480 116 Redemption fund - F. E# notes 8*123 + 14,781 Other cash ,375,462 + 3,201 Total reserves +3,542,202 + 57,086 16,4851205 Bills discounted: Secured by U. S. Gov!t obligations, direct and guaranteed + 1,076 14 + 598 Other bills discounted + + 63 185 1,675 Total bills discounted + + 661 199 2,751 M * — . Bills bought in open market 561 Industrial advances 3,756 10,i38 • 345 U. S• Government securities5 direct and guaranteeds Bonds + 426,405 1,337,495 - 4,550 Notes - 4,000 46,804 1,129,225 — 476,816 Bills Total U» S• Government securities. direct and guaranteed 2,466,720 . - 8,550 97,295 - - - Total bills and securities ™,479,609 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 47 17,998 636,668 41,612 55,257 - 1,693 -106,608 59 + 252 - 19,719,396' - 59,256 +3,507,960 4,934,636 + 35,519 + 12,395,4-60 692,077 334,335 352,536 13,824,408 +101,458 - 7,800 - 10,738 - 60,285 + 22,635 604,541 -117,012 +3,077,630 410,820 + 151,919 + 114,729 +2,933,456 + 30,602 3,568 803 - 59,661 TOTAL ASSETS - 8,234 - _ _ _ + - + 101,413 114 870 59,661 1,030 9,524 L I A B I L I T I E S F. R. notes in actual circulation Deposits 1 Member 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 449 +3,499,817 - ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13 b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to make industrial advances 19,367,153 536,206 136,145 151,730 26,839 37,539 19,719,396 87.9% 8,350 + + + 392 - 59,256 1,219 2,568 425 4,781 + +3,507,960 + .1% + + 126 + 13 - - 3.25S 3,712 Forn FR-283-b STATS. IJT OF C01IDITI0H OF THE FEDERAL RESERVE BAHKS ON AFRIL 3, 1940 (in thousands of dollars) A S S E T S Total Boston New York Fhila. Gold certificates on hand and due fron U. S. Treasury 16,101,619 Redemption fund - F.R.notes 6,123 Other cash 375,463 894,979 8,063,950 485 94.3 .31,845 _ 99,294 901,031 441 _31,_568 998,523 407,539 316,246 2,426,165 362,016 264,438 356,947 231,982 735 984 690 931 617 634 333 279 27^065 24_,047 20,480 46,981 16,391 9,460 18,918 15,148 875,803 1,051 34,266 927,309 S,164,137 933,040 1,026,323 432,570 337,416 2,476,077 379,024 274,532 376,198 247,409 911,120 Total reserves 16,485,205 Bills discounted: Secured by U. S. Gov't obligations, direct and guoranteed 1,076 Other bills discounted 1,675 80 45 510 Cleve. 55 _133___ Rich. Atlanta Chicago St.Louis Llinn. Kans.Cy. Dallas San Fran. 23 122 10 129 36 136 754 120 145 309 139 916 172 G7A Jjv - - 80 22 134 35 153 38 136 80 22 179 134 116 188 483 174 688 Total bills discounted 2,751 Industrial advances 10,138 U. S. Government securities, direct and guaranteed! Bonds 1,337,495 Notes 1,129,225 80 1,223 555 2,041 188 3,042 97,529 82,343 400,969 338,532 106,802 90,170 136,778 68,243 56,495 115,478 57,622 47,700 146,385 61,325 40,271 6l,73r> 51,517 109,438 123,590 51,775 34,000 52,123 43,495 92,397 Total U. S. Gov't securities« direct and guaranteed 2,466,720 179,872 739,501 196,972 252,256 125,870 104,195 269,975 113,100 74,271 113,861 95,012 201,835 Total bills and securities 2,479,609 181,175 742,097 200,202 18 5 1,229 855 153,147 50,020 9,840 4,541 16,765 __ 252,710 126,925 105,170 271,187 113,180 74,472 114,1TL 95,683 202,697 4 2 2 1,619 3,108 1,994 71,742 53,652 23,880 5,510 2,526 2,023 6,550 3,406_ _2,430 6 1 * 1 1 4 2,684 1,800 963 930 558 1,715 94,226 29,331 16,611 27,650 22,697 29,619 3,373 2,250 1,389 3,197 1,159 2,929 _ 6,043 _2,533_ 1,793 2,595 ?j401„ 5,150 Due fron foreign banks F. R. notes of other banks Uncollected itens Bank premises Other assets TOTAL ASSETS 47 17,998 636,668 41,612 58,257 3 543 64,093 2,875 3,948 19,719,396 1,179,946 9,087,283 803 - - ,193,306 1,364,458 622,189 4-72,915 2,853,596 528,119 369,760 524;,682 369,908 1,153,234 *Less than $500. Form FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL24,1940 (in thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual circulation >4,934,636 Deposits* Llember bank-reserve acct. 12,395,460 U.S.Treasurer-General acct. 692,077 Foreign bank 384,335 Other deposits 352,536 Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 13,824,408 Boston New York Phila. 406,262 1,286,053 345,609 451,425 219,022 159,550 1,082,439 193,163 14-1,762 183,279 80,401 385,621 598,3.42 6,921,548 54,068 212,838 27,361 139,005 6,734- 270,002 658,639 714-, 963 281,526 232,975 1,480,736 246,278 159,387 258,970 208,923 50,190 34,212 24,695 102,039 29,169 32,009 33,307 33,4-92 35,367 16,353 13,310 8,366 11,028 11,409 45,635 11,409 4-77 2,558 8,599 3,650 6,778 3,002 7,412 5,151 633,173 34,336 27,823 19,267 686,505 7,543,393 766,036 809,119 335,741 277,758 1,631,412 294,268 204,913 304,282 256,382 94,403 29-,702 13,781 26,449 21,770 70,377 52,017 22,671 714,599 27,523 51,222 37,269 18,906 604-,54l 62,374 134,923 48,551 3,566 411 911 342 Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. 261 191 129 148 19,367,153 1,155,552 8,965,280 1,160,538 1,331,325 606,898 460,116 2,808,727 517,226 360,6o4 514,271 358,682 1,127,934 404 118 137 93 CAPITAL ACCOUNTS Capital paid in 10,712 51,108 11,906 13,615 4,117 2,953 4,377 4,103 9,341 14,011 5,271 4,631 136,145 Surplus (Section 7) 3,613 53,326 10,224 14,198 4,709 10,405 5,247 22,824 3,974 5,725 3,152 14,323 151,720 Surplus (Section 13b) 7,109 2,121 4,393 538 1,001 1,142 1,266 2,874 1,4-29 713 26,839 1,007 3,246 Other capital accounts 1,279 10,460 2,243 2,271 1,774 1,529 2,050 1,527 7,001 1,8':3 1,730 37,539 _3i792 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 19,719,396 1,179,946 9,087,283 1,193,306 1,364,458 622,189 472,915 2,853,596 528,119 369,760 524,682 369,908 1,153,234 Commitments to make industrial advances 8,350 336 861 855 1,109 748 17 19 59 475 - 3,690 181 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted 2,751 Industrial advances 10,138 U. S. Government securities, direct and guaranteed 2,466,720 Within 15 days 600 1,247 16 to 30 days 773 196 31 to 60 days 1,130 149 61 to 90 days 100 793 91 days to 6 months 129 1,425 6 nonths to 1 Year 1 Year to 2 Years 2 Years to 5 Years 19 1,772 2,059 2,497 224,75-6 248,417 731,708 Over 5 Years 1,261,799 Form FR-283-d. FEDERAL RESERVE NOTE STATEMENT ON APRIL 3, 1940 (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 5,251,335 420,991 1,378,845 364,308 479,213 234,587 173,140 1,130,568 205,180 145,411 190,828 88,234 440,030 Held by Federal Reserve bank 316,699 14,729 92,792 18,699 27,788 15,565 13,590 48,079 12,017 3,649 7,549 7,833 54,409 In actual circulation 4,934,636 406,262 1,286,053 345,609 451,425 219,022 159,550 1,082,489 193,163 141,762 183,279 80,401 385,621 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 5,363,500 440,000 1,395,000 375,000 482,000 250,000 175,000 1,140,000 209,000 147,500 195,000 91,000 464,000 540 80 128 91 96 - 40 - 105 - — 5,364,040 440,080 1,395,128 375,091 482,000 250,096 175,000 1,140,000 209,040 147,500 195,105 91,000 464,000
@FedFRASER