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Form FRr-283 STATEMENT FOR THE PRESS Released for publication Friday morning, Dec. 2; not earlier* Board of Governors of the Federal Reserve System December 1, 1933 CONDITION OF FEDERAL RESERVE BANKS During the week ended November 30 member bank reserve balances increased $58 ,000,000. Additions to member bank reserves arose from a decrease of $28,000,000 in Treasury cash and increases of $72,000,000 in gold stock and. <§7,000,000 in Treasury currency, offset in part by increases of $25,000,000 in money in circulation, #10,000,000 in Treasury deposits with Federal Reserve banks and $12,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of 03,000,000 in Reserve bank credit. Excess re.serves of member banks on November 30 were estimated to be approximately $3 »380,000,000, an in crease of ij>30 ,000,000 for the week. Changes in member bank reserve balances and related items during the v/eek and the year ended November 30 , 1938, were as follows! Increase or decrease since Nov. 30, Nov. 23, 1938 1938 Dec, 1, 1937 (in millions of dollars) — 10 2 Bills discounted 7 Bills bought 1 2,564 U. S. Government securities Industrial advances (not including 1-4 million commitments - November 30) 16 Other Reserve bank credit -3 + 1 - 4 Total Reserve bank credit Gold stock Treasury currency - 3 + 72 + 7 19 +1,538 + 153 + + + + +1,970 + 220 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F.R. banks Nonmember deposits and other F. R. accounts 2,584 14,312 2,774 8,876 6,788 2,689 484- 833 - — — 58 25 28 10 12 — — — 2 3 1, «M» 938 + + 307 113 3?orm FHr-28>-a Released for publication Friday morning, December 2, 1938; not earlier* ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov, 30, 1938 Nov. 23, 1938 Doc* 1 , 19.37.-_ 11,601,717 10,815 +109,516 + 477 - 4.917 +2,479,812 + 1,028 + 35,676 +105,076 +2,516,516 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 .. 11,970,472 + - 366 - 7,471 - 2.481 7,081 + 478 + 2 + 622 - 9,952 - 2,281 - 2,643 547 15,821 844 787,327 1,164,565 612.123 — + 49,254 - 3,898 - 45.356 2,564,015 — -------- 2,587,464 +1,102 - 14,876 174 23,642 616,017 44,119 51.076 - 2 - 95 -28,057 - 74 + . 394 4 - 2,142 -54,228 - 1,149 + 6.915 15,292,964 +78,344 +2,451,032 4,384,882 +22,417 +: 105,393 8,876,481 483,982 208,097 3.66x168 +58,146 + 9,666 - 3,984 +15,730. +79,558 +1,970,009 + 307,345 64,395 + 179,312 +2,392,272 -23,850 + 19 + 200 - 50,503 + 1,514 + 1,885 + 68 - 3,062 .+._1j46£ +78,344 +2,451,032 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS <4,601 2.480 - 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 Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 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 ________ 9,934,728 619,425 134,032 147,739 27,683 32,672 11*803. 15,292,964 83.6# + *1% + 3.6$ 240 -84 - 1,648 14,328 -7 + 1,079 Form FR~283~b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAKES OK NOVEMBER 30, 1938 (in thousands of dollars) A S S E T S Total Boston New York Phila. Gold certificates on hand and due from U.S.Treasury 11,601,717 616,693 5,151,777 504,963 Redemption fund - F.R.notes 10,815 430 1,653 1,383 Other cash 357,940 ___________38,053 99,619 27,785 Total reserves 11,970,472 655,176 5,253,049 534,131 Bills discounted* Secured by U.S.Gov*t obligations, direct or fully guaranteed 4,601 740 1,902 747 Other bills discounted 2,480 548 347 Total bills discounted 7,081 740 Bills bought in open market 4l 547 Industrial advances 15,821 2,170 U. S. Government securities* Bonds 787,327 59,2.55 Treasury notes 1,164,565 87,647 Treasury bills 612,123 46,069 2,249 218 3,592 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 711,345 345,097 264,067 2,164,532 320,033 250,620 307,566 193,596 965 907 651 800 887 624 545 209 20,842 19,672 12,742 51,570 19,790 8,422 14,911 13,809 771,428 1,761 30,725 733,152 365,676 277,460 2,216,902 340,710 259,666 323,022 207,614 803,914 106 258 143 65 268 203 103 123 245 50 ll4 186 11-4 565 14 60 170 10 1,295 364 208 471 226 300 50 620 23 1,435 19 797 67 415 679 16 392 74 55 3,267 295 2 45 774 180 38 1,324 2 990 16 250,391 68,403 370,360 101,177 194,671 53,181 79,168 36,947 32,096 117,101 54,649 47,473 61,551 28,725 24,953 84,870 32,792 17,446 34,774 28,943 125,535 48,504 25,805 51,438 42,812 65,984 25,495 13,564 27,036 22,503 62,242 92,064 48,391 Total U.S.Gov't securities 2,564,015 192,971 815,422 222,761 257,820 120,321 104,522 276,389 106,791 56,815 113,248 94,258 202,697 Total bills and securities 2,587,464 195,922 821,481 227,378 95,122 204,239 18 62 5,688 1,048 164,570 45,630 9,791 4,710 15,834 4,804 277,097 107,133 22 3 3,346 2,450 79,833 26,346 4,489 2,297 4,923 1,926 58,107 114,335 174 13 576 23,642 616,017 65,277 2,950 44,119 51,076 3,339 258,854 121,987 105*809 6 8 17 1,487 1,185 1,435 69,606 47,528 20,968 2,080 2,627 6,029 2,890 2,351 5,673 2 5 1,564 1,007 16,670 31,358 3,097 1,536 2,056 1,260 5 465 21,516 1,261 1,832 13 3,391 26,715 3,252 4,188 Due from foreign banks F.R.notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 15,292,964 923,253 6,270,475 817,719 1,074,516 542,203 410,109 2,586,612 400,865 338,805 474,880 327,815 1,045,712 Form FR-283-C ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON NOVEMBER 30, 1938 (in thousands of dollars) L I A B I L I T I E S Total Cleve. Boston New York Phila. F.R.notes in actual circulation 4,384,882 382,696 1,011,073 315,839 Deposits* Member bank - reserve account 8,876,481 406,368 4,585,111 363,877 U.S.Treasurer - General account 483,982 25,590 73,582 30,388 Foreign bank 208,097 14,921 75,256 20,310 Other deposits 366,168 3,743 243,130 8,289 Tokal deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 9,934,728 450,622 4,977,079 159,178 619,425 65,497 50,906 134,032 9,412 147,739 9,900 51,943 27,683 2,874 7,744 32,672 1,448 8,210 804 4,342 11,803 Rich. Atlanta 45,931 12,214 13,466 4,4ll 2,000 994 981,403 180,836 135,744 168,307 San Fran. 80,823 351,010 483,036 222,068 170,549 1,329,161 217,436 117,861 231,963 174,808 41,003 32,216 44,927 64,862 32 ,o4o 51,016 25,741 28,o4o 19,066 8,911 7,253 24,662 6,217 4,767 6,010 6,010 10,539 7,812 6,167 58,675 5,407 3,092 1,004 2,501 574,243 3-4,577 l4,7l4 15,809 553,644 271,007 228,896 1,477,360 261,100 176,736 264,7L8 211,359 67,942 46,733 20,332 82,293 28,254 16,949 31,591 24,460 3,926 2,904 4,202 13,320 13,391 4,982 4,474 3,953 5,626 3,892 4,964 22,387 4,667 3,153 14,323 3,613 1,142 1,270 730 1,429 545 1,001 1,007 3,409 1,776 3,176 935 1,401 1,603 7,035 1,215 1,873 372 282 445 322 971 391 675 1,385 639,343 30,265 10,348 9,805 420,062 209,316 147,773 422,864 Chicago St.Louis Minn. Kans.Cy. Dallas 17 86 23 22 10 9 29 7 6 7 7 17 1,326 3,483 1,448 1,472 1,554 170 58 525 216 562 50 3,464 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total 820 15,292,964 923,253 6,270,475 817,719 1,074,516 542,203 410,109 2,586,612 480,865 338,805 474,880 327,815 1,045,712 Contingent liability on bills purchased for foreign correspondents 240 Commitiaents to make industrial advance* 14,328 / Bills discounted Bills bought Industrial advances U.S. Governnent securities 2,121 2,000 7,081 547 15,821 2,564,015 Within 15 days 16 to 30 days 5,712 227 264 88 82,358 --- . 1,673 95,330 31 to 60 days 519 46 1,114 187,657 6l to 90 days 162 237 478 193,485 91 days to 6 months 437 — 1,331 136,859 6 months to 1 Year 24 — 3,778 155,663 1 Year to 2 Years 2 Years to Over 5 Years .5 Years tr — 4,872 398,744 — — 2,487 607,337 - 706,582 Fora FR—283—d. FEDERAL RESERVE NOTE STATEMENT ON NOVEIJBER 30, 1938 (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 4,686,288 400,197 1,108,075 333,319 443,177 220,971 160,442 1,002,950 198,224 140,026 177,815 88,342 412,750 Held by Federal Reserve bank 301,406 17,501 97,002 17,480 23,115 11,655 12,669 21,547 17,388 4,282 9,508 7,519 61,740 In actual circulation -4,384,882 382,696 1,011,073 315,839 420,062 209,316 147,773 981,403 180,836 135,744 168,307 80,823 351,010 Collateral held by agent as se curity for notes issued to bank* Gold certificates on hand and due fron U. S. Treasury Eligible paper Total collateral 4,757,000 410,000 1,125,000 335,000 445,000 225,000 164,000 1,010,000 207,000 l4l,500 180,000 90,500 424,000 6,214 74l 2,191 860 164 208 >450 226 295 168 659 72 180 4,763,214 4l0,74l 1,127,191 335,860 445,164 225,208 164,450 1,010,226 207,295 l4l,668 180,659 90,572 424,180
@FedFRASER