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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, Aug, 18; not earlier, Board of Governors of the Federal Reserve System August 17, 1939 CONDITION OF FEDERAL RESERVE BANKS During the week ended August 16 member bank reserve balances increased $124,000,000, Additions to member bank reserves arose from increases of $65,000,000 in gold stock and $3,000,000 in Treasury currency and decreases of $68,000,000 in Treasury deposits with Federal Reserve banks and $32 ,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $9,000,000 in Reserve bank credit and Increases of $21,000,000 in money in cir culation and $12,000,000 in Treasury cash. Excess reserves of member banks on August 16 were estimated to be approximately $4,590,000,000, an increase of $60,000,000 for the week. Hie principal change in holdings of bills and securities was a reduction of $20,000,000 in United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended August 16, 1939, were as follows: Increase or decrease since Aug, 16, 1939 Aug. 9, 1939 Aug. 17, 1938 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial, advances (not including 11 million commitments - August 16) Other Reserve bank credit - — 2 5 1 2,423 — - 20 12 13 . — + 11 + Total Reserve bank credit Gold stock Treasury currency 2,453 16,335 2,900 - 9 + 65 + 3 134 +3 ,283 + 176 Member bank reserve balances Money in circulation Treasury cash Treat.’.try deposits with F. R. banks Nonmember deposits and other F.R. accounts 10,633 7,091 + + + “ +2,548 + 606 - 20 - 26 + 216 2,366 776 821 124 21 12 68 32 — 141 4 13 Form FR-203-a Released for publication Friday morning, Aug. 18,1939; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Aug. 16 , Aug. 9, Aug. 17, 19.3® 1939 1939 ASSETS Gold certificates on hand and due from U, S. Treasury + 54,001 +3,335,814 13,968,221 56 Redemption fund - F. R. notes 9,056 + 462 Other cash - 7.410 — 49,089 __ 141iSP9 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 Other assets TOTAL ASSETS U , 318 ,786 + 47,053 1,052 __ 1*500 A,552 545 11,615 348 911,090 1,176,109 ... JL2JLij>40 2,422,739 18 366 .— 50 — — - 20,175 - 20,175 +3,286,669 2,672 592 + + 2,080 5 4,201 — + 166,985 - 20,079 - 288,182 - 141,276 2,439,451 178 22,635 721,814 42,259 50,4;50 - 20,591 17,595,573 +165 ,995 - 147,552 2 397 + 132,249 2,227 — . __ 8J 0 +3,267,910 4,563,822 + 13,133 + 413,608 10,633,449 775,739 280,665 284,585 11,974,438 708,783 +124,446 - 68,529 - 26,633 -....4,652 + 24,632 +128,300 +2,548,251 - 26,365 +: 164,798 + $1,387 + + §1 +3,270,986 — 80 +139,081 — + 532 LIABILITIES F. R. notes in actual circulation Deposits! Member bank - reserve account U.S. Treasurer - General account Foreign bank Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES CAPITAL 2j£48 17,249,991 142 +166,207 _____________ ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Contingent liability cn bills purchased for foreign correspondents Commitments to make industrial advances ........... +2 ,738,071 + 119,242 135,477 149,152 27,264 33,689 17,595,573 +165,995 + •!$ + A.2% 49 — — - ,?6l 86,6% 101 11,261 + + 1,524 1,413 419 -5-,194 +3,267,910 + + 101 76 - - 596 2,479 Form FR.—283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 16, 1939 (In thousands of dollars) ASS E T S Total Boston New York Phila* Gold certificates on hand and due fron U. S. Treasury 13,968,221 Redemption fund - F.R.notes 9,056 Other cash 34-1,509 798,145 6,591,773 706,500 1,560 857 403 22,583 89,320 28,354 870,497 351,748 301,628 2 ,303,680 366,873 257,440 376,787 224,836 818,314 483 392 474 664 1,142 227 1,037 505 1,312 15,836 24,196 20,220 20,787 18,012 9,727 43,800 17,235 31,439 821,131 6,682,653 735,711 895,198 373,280 322,642 2,348,517 384,582 267,559 395,463 241,155 850,895 Total reserves 14,318,786 Bills discounted* Secured by U.S.Gov’t obligations, direct or fully guaranteed 1,052 Other bills discounted 3,500 70 — Cleve. Rich. Atlanta Chicago St.Louis 396 906 68 196 98 237 215 297 30 124 37 245 1,302 264 55 2,701 335 51 369 512 23 1,067 154 19 755 282 69 380 — 166 166 Minn. Kans.Cy. Dallas San Fran. 20 78 — 73 299 360 45 592 299 433 637 16 16 205 552 39 942 73,406 94,758 27,034 Total bills discounted 4,552 Bills bought in open market 545 Industrial advances 11,615 U. S. Government securities* Bonds 911,090 Treasury notes 1,176,109 Treasury bills 335,540 67,003 86,-494 24,676 2.65,094 77,160 342,203 99,605 97,630 28,417 91,237 51,259 38,790 117,777 66,170 50,073 33,601 18,878 14,286 98,664 42,284 25,940 45,394 34,859 127,363 54,585 33,486 58,598 44,997 36,336 15,573 9,553 16,718 12,838 Total U.S.Govlt securities 2,422,739 178,173 704,927 205,182 .242,615 136,307 103,149 262,363 112,442 68,979 120,710 92,694 195,198 180,016 13 293 69,989 2,912 3,210 708,501 208,202 18 67 4,548 972 200,539 51,794 8,926 4,625 14,958 4,425 243,370 137,909 104,077 6 8 17 1,607 1,100 1,573 84,704 58,085 23,280 5,931 2,576 2,051 5,548 3,366 2,240 263,094 112,613 69,928 121,230 93,695 196,816 2 2 22 5 5 13 3,352 1,793 1,218 2,005 3,809 365 98,705 28,629 17,305 32,690 26,993 29,101 3,183 3,399 2,264 1,508 3>157 1,227 4,172 4,849 2,072 1,467 2,283 1,860 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank prerises Other assets TOTAL ASSETS 2,439,451 178 22,635 721,814 42,259 50,450 70 41 1,732 212 2,060 2 3 98 2 849 17,595,573 1,077,564 7,620,1921£)$747 1,236,375 576,324 455,069 2,722,438 531,955 358,987 556,833 365,300 1*087,989 Form FFL—283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 16, 1939 (in thousands of dollars) LIABILITIES Total Boston New York Phila. >n 4,563,822 Depositst Member bank—reserve account 10,633,449 U.S.Treasurer-General accour ; 775,739 Foreign bank 280,665 Other deposits 284,585 Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 2,948 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 389,707 1,136,149 320,731 425,169 202,591 : 153,359 1,012,134 180,592 132,374 173,524 77,437 360,055 501,348 5,733,768 521,624 67,440 159,137 41,950 20,159 100,578 27,161 5,072 192,567 7,758 574,640 257,532 208,828 1,404,281 253,982 139,515 260,015 82,306 30,694 41,463 110,060 43,034 48,132 62,780 33,881 8,121 6,440 8,120 26,041 12,041 9,800 11,680 1,586 6,409 16,499 5,624 5,790 8,505 694,667 301,853 266,500 1,564,721 310,761 199,877 339,420 83,700 57,012 23,240 100,586 30,023 17,538 33,673 194,726 42,603 8,120 1,686 583,190 46,140 247,135 29,622 670,942 32,078 80 109 594,019 6,186,050 598,493 69,632 177,765 53,914 334 1,006 329 263 A8 127 274 68 111 199 20,203 21,409 17,249,991 1,053,692 7,500,970 973,467 1 ,203,799 561,504 443,226 2,677,715 521,444 349,900 546,816 354,274 1 ,063,184 9,405 10,083 2,874 1,510 50,874 12,116 52,463 13,696 7,457 4,4l6 8,428 2,052 13,740 14,323 1,007 3,506 5,117 4,983 3,293 1,427 4,559 5,630 713 1,741 3 CO 135,477 149,152 27,264 33,689 H CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 11,974,438 708,783 Cleve. 22,666 1,429 6,824- 3,997 4,685 545 1,284 2,916 3,153 1,001 2,017 4,292 3,613 1,142 970 4,042 3,892 1,266 1,826 10,615 9*965 2,121 2,104 TOTAL LIABILITIES AND 17,595,573 1,077,564 7,620,192 1P05,747 1,236,375 576,324 455,869 2,722,438 531,955 358,987 556,833 365,300 1,087,989 CAPITAL ACCOUNTS Contingent liability on bills purchased 12 for foreign correspondents 10 4 4 101 10 3 2 3 7 7 36 3 Commitments to make industrial 46 618 — 3,568 430 64 11,261 1,443 928 139 advances 634 2,049 1,342 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U. S. Government securities Total 4,552 545 11,615 2,422,739 Within 15 days 1,431 47 1,165 85,140 16 to 30 days 2,053 106 218 60,625 31 to 60 days 447 83 553 105,963 61 to 90 days 304 309 364 63,137 91 days to 6 months 6 months to 1 Year — 317 — — 2,452 1,804 296,068 123,351 1 Year 2 Years to to 2 Years 5 Years — — — — 2,538 326,575 2,521 531,535 Over 5 Years ----- —330,345 Fom FR— 283—d FEDERAL RESERVE HOTS STATELIEITT Oil AUGUST 16, 1939 (in thousands of dollars) Total Boston New York Phila. Federal Reserve notesi Issued tc F.R.banlc by F.R. agent Held by Federal Reserve bank In actual circulation Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.C;/. Dallas San Fran. 4,847,304 408,876 1,224,996 340,800 443,972 213,314 163,670 1,038,471 191,951 137,^44 183,659 84,042 416,209 283,482 19,169 88,847 20,069 18,803 10,723 10,311 26,337 11,3*9 4,970 10,135 6,605 56,154 4,563,822 389,707 1,136,149 320,731 425,169 202,591 153,359 1,012,134 180,592 132,374 173,524 77,43? 360,055 Collateral held by agent as se curity for notes issued to bankJ Gold certificates 011 hand and due fron U. S. Treasury Eligible paper Total collateral 4,941,500 420,000 1,248,000 345,000 447,000 215,000 169,000 1,055,000 196,000 139,500 185,000 88,000 434,000 1,766 70 434 68 — 425 — — 10 26 24a — 492 4,943,266 420,070 1,248,434 345,068 447,000 215,425 169,000 1 ,055,000 196,010 139,526 185,241 88,000 434,492
@FedFRASER