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Form FR—283 STATEMENT FOR THE PRESS Released for publication Friday morning, Aug. 4; not earlier, Board of Governors of the Federal Reserve System August 3 , 1939 CONDITION OF FEDERAL RESERVE BANKS During the week ended August £ member bank reserve balances decreased $23,000,000. Reductions in member bank reserves arose from increases of $52,000,000 in money in circulation and $121,000,000 in Treasury deposits with Federal Reserve banks and a decrease of $36 ,000,000 in Reserve bank credit, offset in part by decreases of $136,000,000 in Treasury cash and $28,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $21,000,000 in gold stock and $2,000,000 in Treasury currency« Excess reserves of member banks on August 2 were estimated to be approximately $4,460,000,000, a decrease of $30 ,000,000 for the week. The principal change in holdings of bills and securities was a reduction of $35,000,000 in United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended August 2 , 1939, were as follows« Increase or decrease since Aug. 2, —4222.. July 26,> _1919._ Aug. 3, 1938 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances(not including 11 million commitments - August 2) Other Reserve bank credit , -,rif 1 — 111 5 1 2,453 - 35 12 6 - 1 ~— Total Reserve bank credit Gold stock Treasury currency 2,476 16,248 2,895 - 36 + 21 + 2 98 +3 ,223 + 174 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F.R. banks Nonmember deposits and other F.R. accounts 10,413 7,054 2,370 + + - +2,339 + 589 + 13 + 88 + 270 863 919 — 23 52 136 121 28 - 4 18 Form FR-283-a Released for publication Friday morning, Aug. 4, 1939; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) increase ox• decrease since July 26, Aug. 3, Aug. 2 , 1938 _ 1939_ 1939 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 Other assets TOTAL ASSETS 9,101 +160,000 — +3,236,318 336 — 47,508 14,227,828 +138,526 +3,188,474 13,869,222 ... 1,073 2,266 12 + ... .1*587 48 -4,660 545 11,746 36 13 833 + + 460 1,806 6 3,901 _ 2,453,419 + 166,985 — 20,079 — - 34,800 — 257,502 ~ 34,800 - 110,596 2,470,370 - 35,682 911,090 1,176,109 366.220 648,826 42,259 49,126 13 736 + 21,218 62 246 - 116,297 — 3 818 + 101,099 ~ 2,227 — ...... J 5 9 17,460,717 +123,031 +9,169,769 4,530,715 + 31,957 + 392,009 10,412,883 863,462 311,136 351,180 11,938,661 642,946 - 23,403 +121,062 + 23,479 - 51,274 + 69,864 + 21,152 +2 ,338,543 + 88,705 + 187,180 + 82*422 +2 ,697,866 + 82,654 + + 178 22,130 + 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 2,879 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 17,115,201 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 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 17,460,717 135,408 149,152 27,264 .. J3j 692 86.4$ — 11,403 459 +123,432 22 — — 379 +123,031 112 +3,172,841 + + — +3,169,769 + 3,9$ + ,yfo — 73 1,594 1,413 418 5v66l - 727 2,406 Fora FR—283—b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OH AUGUST 2, 1939 (In thousands of dollars) ASSETS Minn. Kans.Cy. Dal3.as San Fran. Total Boston New York Phila. Gold certificates on hand and due fron U.S.Treasury 13,869,222 Redenption fund - F.R.notes 9,101 Other cash 349,505 794,194 6,588,427 692,640 446 1,747 937 21,845 92,237 28,260 856,610 343,686 312,620 2,245,575 355,305 253,803 383,430 232,233 1,126 580 496 757 264 496 681 403 24,188 21,608 21,733 45,821 17,403 9,712 17,723 16,215 810,699 1,168 32,760 316,485 6,682,411 721,837 881,378 366,051 334,617 2,292,522 373,204 263,918 401,834 248,944 844,627 Total reserves 14,227,828 Bills discounted* Secured by U.S.Gov’t obligations, direct or fully guaranteed 1,073 Other bills discounted 3,587 Total bills discounted 4,660 Bills bought in open narket 545 Industrial advances 11,746 U. S. Governnent securities! Bonds 911,090 Treasury notes 1,176,109 Treasury bills 366,220 Cleve. Rich. Atlanta Chicago St.Louis 115 29 305 909 75 3.96 23 254 376 307 144 41 1,690 1,214 212 2,131 271 55 2,708 277 51 683 363 23 1,145 17 245 — 168 10 136 63 246 02 417 50 617 156 19 758 262 69 380 168 2 4 73 2 856 246 499 16 16 563 667 39 943 20 205 26,915 266,076 77,214 343,471 99,674 106,951 31,037 91,250 51,045 38,686 117,793 65,895 49,939 36,679 20,518 15,550 98,582 42,093 25,862 45,185 34,760 127,258 54,336 33,335 58,328 44,071 39,626 16,919 10,395 18,163 3-3,972 73,378 94,723 29,495 Total U.S.Gov’t securities 2,453,419 180,310 716,498 207,925 245,722 137,458 104,175 265,466 113,348 69,642. 121,676 93,-603 197,596 Total bills and securities 2,470,370 Due fron foreign banks 178 F. R. notes of other banks 22,130 Uncollected itens 648,826 Bank prenises 42,259 Other assets 49,126 182,185 720,055 210,959 18 67 4,911 097 167,640 49,284 8,926 4,625 14,566 4,330 246,413 139,309 105,108 6 8 17 1,428 948 1,725 72,437 49,730 24,829 2,051 5,931 2,576 5,4o6 3,222 2,130 266,177 13.3,522 70,573 122,143 94,681 22 2 2 5 5 1,314 1,812 1,802 2,689 415 92,510 26,212 15,199 32,962 21,063 3,899 2,264 1,508 3,157 1,227 4,755 2,021 1,450 2,237 1,835 199,245 TOTAL ASSETS 66,959 86,436 13 267 64,559 2,912 3,122 13 3,922 31,601 3,183 4,052 17,460,717 1,069,543 7,598,576 991,950 1,213,307 561,844 470,169 2,662,574 518,539 3*4,462 564,l40 363,970 1,086,643 Forn FR—283-c STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON AUGUST 2, 1939 (In thousands of dollars) LIABILITI ES Total Minn. Kans.Cy. Dallas San Fran. Boston New York Phila. Cleve. F.R.notes in actual circulation -4,530,715 Deposits» Menber bank-reserve account 10,412,883 U.S.Treasurer—General account 863,462 Foreign bank 311,136 Other deposits 351,180 387,546 1.131,894 317,662 421,488 196,642 152,868 1,003,033 179,828 131,701 173,014 77,115 357,924 512,527 5,549,081 510,093 53,836 301,058 39,562 22,394 111,088 30,172 5,301 236;330 7,832 576,982 251,456 214,219 1,388,146 243,210 140,182 257,422 200,229 54,670 42,921 44,349 70,819 46,769 68,986 33,761 50,211 9,021 37,637 9,021 7,154 9,021 28,928 13,375 10,887 r / 5 4 6,586 6,254 1 ,674 37,125 12,453 2,078 5,540 569,336 56,520 22,438 21,553 Total deposits Deferred availability items Other liabilities including accrued dividends 594,058 6,197,557 587,659 63,745 148,798 54,052 687,349 300,670 280,857 1,517,578 301,406 198,271 345,716 257,693 71,670 49,683 23,693 97,009 26,723 15,292 35,199 23,066 669,847 34,016 11,938,661 642,946 2,879 325 1,115 TOTAL LIABILITIES 17,115,201 1,0-45,674 7,479,364 CAPITAL ACCOUNT S Capital paid in 135,408 9,405 50,873 52,463 Surplus (Section 7) 149,152 10,083 Surplus (Section 13b) 27,26A 2,874 7,457 Other capital accounts 33,692 1,507 8,419 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 17,460,717 1,069,543 7,598,576 Connitnents to nake industrial 2,188 advances 535 11,403 Total Bills discounted Bills bought Industrial advances U; S. Government securities 4,660 545 11,746 2,453,419 301 232 Rich. Atlanta Chicago St.Louis 39 118 243 61 -ir>r\ loo 103 72 82 959,674 1,180,739 547,034 >457,536 2,617,863 508,018 345,367 554,117 357,946 1,061,869 12,118 13,696 4,416 2,046 13,744 14,323 1,007 3,494 5,108 4,983 3,293 1,426 4,550 5,630 713 1,740 13,806 22,666 1,429 6,810 3,993 4,685 545 1,298 2,914 3,153 1,001 2,027 4,285 3,613 1,142 983 4,038 3,892 1,266 1,828 10,574 9,965 2,121 2.,114 991,950 1,213,307 561,844- 4-70,169 2,662,574 518,539 354,462 564,140 368,970 1,086,643 Within 15 days 16 to 30 days 1,345 MATURITY 31 to 60 days 1,454 28 1,297 85,355 155 47 59 85,140 2,250 107 526 127,675 618 46 430 64 1,439 948 139 DISTRIBUTION OF BILLS . AND SECURITIES 1 Year 2 Years to 61 to 91 days to 6 nonths to 1 Year to 2 Years 90 days 6 nonths 5 Y^crs 367 363 331 68,050 433 ~ 1,827 102,676 1 — 2,610 296,068 - - — 2,526 326,576 . . —-» 2,570 531,534 3,651 --------- Over lears 5 ' — --------- --- 830,345 Form FR— 283 -d FEDERAL RESERVE NOTE STATEMENT OK AUGUST 2, 1939 (in thousands of dollars) Total Boston New York Phila. Federal Reserve notes« Issued to F.R.bank by F.R.agent Held by Federal Reserve bank In actual circulation Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 4,814,318 406,323 1,226,446 335,029 440,899 206,222 163,460 1,031,562 190,314 136,933 181,364 85,321 410,445 283,603 18,777 94,552 17,367 19,411 9,580 10,592 28,529 10,436 5,232 8,350 8,206 52,521 4,530,715 387,546 1,131,894 317,662 421,438 196,642 152,868 1,003,033 179,828 131,701 173,014 77,115 357,924 Collateral held by agent as se curity for notes issued to bank* Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 4,928,500 420,000 1,248,000 345,000 445,000 210,000 169,000 1,045,000 196,000 143,500 185,000 88,000 434,000 1,963 129 338 75 87 596 — — 13 16 18S — 521 4,930,463 420,129 1,248,338 345,075 445,087 210,596 169,000 1,045,000 196,013 143,516 185,188 88,000 434,521
@FedFRASER