The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, April 7; not earlier. Board of Governors of the Federal Reserve System April 6, 1939 CONDITION OF FEDERAL RESERVE BANKS Daring the week ended April 5 member bank reserve balances increased $193,00^,000. Additions to member bank reserves arose from increases of $132,000,000 in gold stock and $6,000,000 in Reserve bank credit and decreases of $98,000,000 in Treasury deposits with Federal Reserve banks, $10,000,000 in Treasury cash and $35,000,000 in nonmember deposits and other Federal Reserve accounts, offset in port by an increase of $90,000,000 in money in circulation* Excess reserves of member banks on April 5 were estinated to be approximately $3,710,000,000, an increase of $190,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended April 5, 1939, were as follows! Increase or decrease since April 5, 1939 March 29 , 1939 April 6, 1938 (In millions of dollars) -r. 8 Bills discounted 3 Bills bought 1 U. S. Govern’?.ent securities 2,564 Industrial advances (not including 12 million commitments — April 5) 14 Other Reserve bank credit 3 + Total Reserve bank credit Gold stock Treasury currency + 6 + 132 + 1 + 2,4-89 + 156 + + - + 2,022 + 461 — 842 + 859 + I3A Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonnenber deposits and other F. R. accounts 2,584 15,292 2,838 9,318 6,855 2,712 1,103 727 — — — — — 7 193 90 10 98 35 rr1 3 12 Forri 'FR—283~a Released for publication Friday norning, April 7,1939; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Apr. 6, Mar. 29, Apr, 5, 1928 .. 1939 1939 ASSETS Gold certificates on hand and 12,572,718 +149,000 due fron U. S. Treasury +3,350,715 + 1 + 463 Redemption fund - F. R. notes 9,603 -42,948 Other cash 360,682 Total reserves +3 ,267,005 12,943,003 +106,053 Bills- discounted* Secured by U. S. Gov't obligations, direct or fully guaranteed 1,062 - 772 - 6,679 Other bills discounted + 2. 1,490 - 2,109 Total bills discounted - 8,788 2,552 - 770 — Bills bought in open market 561 + 11 Industrial advances - 3,058 - Ill 13,894 U. S. Government securities: — Bonds 911,090. +131,551 — + 10,418 Treasury notes 1,176,109 — Treasure bills 476,816 -141,969 — — Total U.S. Government securities 2,564,015 Total bills and securities Due fron foreign banks F. R. notes of other banks Uncollected itens Bank prenises Other assets TOTAL ASSETS 2,581,022 lol 18,868 v 577,007 42,642 J & l 32 - 881 - 630 -4,821 - 40 + 603 - 11,835 - 8 - 815 + 56,737 - 2,153 + 2,902 16,211,436 +100,2,84 +3,311,833 4,398,4-30 + 53,067 + 240,276 9,317,830 1,102,897 232,4-16 237,807 10,890,950 573,939 +192,970 - 98,490 - 9,870 - 24-,654+ 59,956 ~ 12,433 +2,021,490 + 858,731 + 110,411 + 25,769 +3,016,401 + 56,895 4,017 15,367,336 + 88 +100,678 +3,312,758 134,926 14-9,152 27,264 ..32,75.8 - 105 — - 2£9 + 1,628 + 1,4-13 - 419 - J3>547 16,211,436 +100,284 +3 ,311,833 — F. R. notes in actual circulation Deposits: M'enber bank - reserve account U, S. Treasurer - General account Foreign bank Other deposits Total donosits Deferred availability itens Other liabilities including accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities conbined Contingent liability on bills purchased for foreign correspondents 84.7% Connitnents to nake industrial advances 12,062 — — +.1% — - 585 I OQ £ LIABILITIES + 4-,3% - 330 - 858 Form FR-283—b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAIIKS ON APRIL 5, 1939 (In thousands of dollars) ASSETS Total Boston New York Phila. Gold certificates on hand and due from U. S. Treasury 12,572,718 Redemption fund - F.R.notes 9,603 Other cash 360,682 735,758 5,880,406 614,297 970 1,74-5 691 28,781 97,523 27,236 837,714 353,914 271,988 2,070,815 307,890 238,557 301,092 210,861 749,426 718 356 512 304 957 612 789 494 1,455 48,818 15,865 8,727 18,312 17,509 35,061 26,077 18,967 17,806 765,509 5,979,674- 642,224 864,580 373,393 290,098 2,120,590 324,473 247/778 319,760 228,982 785,942 Total reserves 12,943,003 Bills discounted: Secured by U.S.Gov’t obligations, direct or fully guaranteed 1,062 Other bills discounted 1,490 Total bills discounted 2,552 Bills bought in open market 561 Industrial advances 13,894 U. S. Government securities: Bonds 911,090 Treasury notes 1,176,109 Treasury bills 476,816 Cleve. Rich. Atlanta 137 56 395 90 165 —’ 21 49 70 169 193 42 1,795 485 218 3,830 165 57 2,802 70 52 239 24 1,184 361 — Chicago St.Louis Minn. Kans.Gy,. Dallas San Fran. — 63 20 100 60 20 49 369 322 102 53 192 63 70 71 458 100 2 6 80 4-18 424 245 41 953 20 818 50 2 16 16 855 215 617 67,984 87,759 35,579 256,538 73,522 331,160 94-,907 134,259 38,478 90,042 47,696 41,369 116,233 61,570 53,403 47,123 2.4,961 21,650 102,026 44,123 27,660 46,954 36,346 131,706 56,958 35,708 60,613 46,916 53,395 23,092 14,476 2.4,573 19,021 76,830 99,176 40,209 216,215 Total U.S.Gov’t securities 2,564,015 191,322 721,957 206,907 253,398 134,227 116,422 287,127 124,173 77,844- 132,140 102,283 Total bills and securities Due from foreign banks F. P.. notes of other banks Uncollected items Bank premises Other assets 2 ,581,022 l6l 193,352 12 525 56,440 2,931 3,185 726,490 209,931 16 60 2,528 764 14-1,831 44,845 8,988 4,667 13,516 4-,316 253,881 135,674 117,323 7 5 15 983 1,4-96 2,33460,790 46,966 22,732 5,980 2,602 2,066 5,456 3,156 2,179 287,726 124,281 78,781 132,739 103,340 217,454 2 20 2 2,859 2,019 1,452 G5,264 26,928 14,549 3,936 2,280 1,517 4,905 2,147 1,51-4 5 1,812 5 54-4 21,173 3,209 1,249 2,292 1,864 3 CO C O> c\ TOTAL ASSETS 18,868 577,007 42,642 48,733 12 1,552 26,647 3,217 4,203 16,211,436 1,021,954 6,873,087 906,763 1,191,685 563,294 436,737 2,505,300 482,130 345,593 450,709 357,1571,039,027 Form KR—283—c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON APRIL 5, 1939 (in thousands of dollars) LIABILITIES Boston New York Phila. Cleve. F.R.notes in actual circulation 4,398,430 Deposits* Member bank-reserve account 9,317,830 U.S.Treasurer-General account 1,102,897 Foreign bank 232,416 Other deposits 237,807 379,373 1,042,110 313,950 419,185 195,972 149,192 987,433 179,567 135,927 169,707 76,789 349,225 429,651 5,073,377 424,882 108,644 246,575 64,559 16,700 83,279 22,498 6,900 171,323 4,877 510,899 253,799 191,296 1,155,616 193,608 121,077 232,760 181,233 136,728 41,276 43,637 201,409 59,464 53,558 3^,695 55,018 21,570 9,973 8,113 28,065 6,726 5,335 6,726 6,726 3,001 4,815 6,254 773 2,857 8,333 1,886 9,971 549,132 53,334 16,700 16,817 Total deposits 10,890,950 Deferred availability items 573,-939 Other liabilities including accrued dividends 4,017 561,895 5,575,054 516,816 56,416 135,713 43,523 677,530 306,934 253,022 1,383,091 264,613 186,224 278,954 245,834 84,906 27,398 14,232 29,833 23,420 62,163 45,536 21,840 TOTAL LIABILITIES 15,367,336 CAPITAL ACCOUNT S Capital paid in 134,926 Surplus (Section 7) 149,152 Surplus (Section 13b) 27,264 Other capital accounts 32,758 998,175 6,754,151 874,612 1,159,226 548,548 424,215 2,460,852 471,692 336,530 473,772 346,201 1,014,362 Total 491 9,405 10,083 2,874 1,417 1,274 323 50,887 12,048 52,463 13,696 7,457 4,4l6 8,129 1,991 348 13,682 14,323 1,007 3,447 Rich. Atlanta I6l 106 5,075 4,983 3,293 1,395 4,516 5,630 713 1,663 Chicago St.Louis 422 13,646 22,666 1,429 6,707 Minn. Kans.Cy. Dallas San Fran. 114 3,970 4,685 545 1,238 147 2,912 3,153 1,001 1,997 278 4,241 3,613 1,142 .941 158 4,007 3,392 1,266 1,791 635,983 28,959 195 10,537 9,965 2,121 2,042 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 16,211,436 1,021,954 6,873,087 906,763 1,191,685 563,294 436,737 2,505,300 482,130 345,593 483,709 357,157 1,039,027 Commitments to make industrial 612 advances 80 2,516 1,553 12,062 151 671 3,000 191 44 1,359 1,086 799 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U. S. Government securities 2,552 561 13*394 2,564,015 Within 15 days 16 to 30 days 1,549 151 2,359 166 26,500 69 182 89,348 31 to 60 days 251 267 61 to 90 days 246 74 721 200 192,168 158,680 91 days to 6 months 6 months to 1 Year 301 39 1,870 4,594 259,116 80,586 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 2,077 349,978 1,891 577,294 830,345 Form FR—283-d FEDERAL RESERVE NOTE STATEMENT ON APRIL 5, 1939 (in thousands of dollars) Total Boston New York Phila. Federal Reserve notes: Issued to F.R. bank by F Jl,Agent Held by Federal Reserve bank In actual circulation Cleve. Rich. Atlanta Chicago St .Louis Minn, Kans.Cy. Dallas San Fran. 4,676,299 397,331 1,137,085 332,881 435,909 204,601 158,922 1,020,313 193,326 139,604 177,132 83,281 395,864 277,369 18,003 94,975 18,931 16,724 8,629 9,730 32,830 13,759 3,677 7,425 6,492 46,639 4,398,430 379,373 1,042,110 313,950 419,185 195,972 149,192 987,433 179,567 135,927 169,707 76,789 349,22.5 Collateral held by agent as se curity for notes issued to bank* Cold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 4,802,500 420,000 1,145,000 345,000 439,500 210,000 169,000 1,035,000 196,000 143,500 180,000 85,500 434,000 2,360 I83 485 165 70 239 31 70 35 40 405 4l6 221 4,304-,860 420,183 1,145,485 345,165 439,570 210,239 169,031 1 ,035,070 196,035 143,540 180,405 85,916 434,221
@FedFRASER