The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FR-2S3 STATEMENT FOR THE PRESS Released for publication Friday morning, Feb. 2; not earlier. Board of Governors of the Federal Reserve System February 1, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 31 member bank reserve balances increased $2,000,000, Additions to member bank reserves arose from a decrease of $23,000,000 in Treasury cash and increases of $52,000,000 in gold stock and $2,000,000 in Treasury currency, offset in part by increases of $42,000,000 in Treasury deposits with Federal Reserve banks, $9,000,000 in nonmember deposits and other Federal Reserve accounts and $11,000,000 in money in circulation and by a decrease of $11,000,000 in Reserve bank credit. Excess reserves of member banks on January 31 were estimated to be approximately $5,560,000,000, a decrease of $30,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended January 31, 1940, were as follows? Incrcace or decrease since Jan# 31, 1940 Jan* 24, 1940 Feb. 1, 1939 (in millions of dollars) Bills discounted Bills bought U.S. Gov't securities, direct and guaranteed Industrial advances (not including 8 million commitments - January 31) Other Reserve bank credit 7 + — — — 2,477 — - 2 1 87 5 10 10 8 - 1 - 11 + Total Reserve bank credit Gold stock Treasury currency 2,503 17,931 2,971 - 11 + 52 + 2 - 79 +3,237 + 154 Member bank reserve balances Money in circulation Treasury cash Treasury deposits vdth F. R. banks Nonmember deposits and other F. R. accounts 12,150 7,376 2,358 549 971 + + + + +3,103 + 713 - 412 - 338 + 246 2 11 23 42 9 Forn FR-283-a Released for publication Friday morning, Feb. 2, 1940 j not earlier. STATEMENT OF CONDITION OF THE T7®LVE FEDERAL RESERVE BANKS C0I.IBI1IED (in thousands of dollars) Increase or decrease since Feb. 1, Jan. 3 Jan. 24, 1940 1940 1939, ASSETS Gold certificates on hand and due fron U. S# Treasury 15,552,120 + 69,000 +3,604,902 Redemption fund - F. R. notes 1,106 9,335 + 733 Other cash + If) 26,920 413,222 Total reserves + 69,782 +3,576,876 15,974,677 Bills discounted? Secured by U. S. Govlt obligations, direct and guaranteed Other bills discounted Total bills discounted Bills bought in open market Industrial advances U« S. Government securities, direct and guaranteedi Bonds Notes Bills Total U. S. Government securities, direct and guaranteed Total bills and securities Due from foreign bonks F# R# notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 86 31 55G + - + + 6,946 — — - 538 10,373 1,344,045 1,133,225 — 2,4-77,270 - 2,322 395 2,073 556 4,438 — + — - — - — - 86,745 - 89,666 - 119 1,698 41,194 1,023 14,103 2,494,589 47 24,626 625,068 41,808 61,973 - l,64o - 15,503 + 97 + 1,270 19,222,788 + 53,413 593 - + - + 503,152 76,706 513,191 +3,539,667 LIABILITIES F. P*. notes in actual circulation Deposits; Member bank - reserve account U« S. Treasurer - General account Foreign bank O'ther deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL L I A B I L I T I E S C A P IT A L 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 Connitnents to nalce industrial advances 4,832,101 + • 4,349 + 484,892 12,149,576 549,441 407,313 315,284 + 1,920 + 41,956 - 5,254 + .1^,270 13,421,614 616,701 + 53,892 - 5,249 +3,018,855 + 30,608 + 978 +3,533,377 2,153 i s , 872, 151,730 26,839 15,652 19,222,788 87.5% 8,376 lt: 1M + 53>154 +3,102,765 337,580 + 221,547 + 32,123 - + + + 54 + 20 5 2,568 425 2,929 + 53,413 +3,539,667 c . 1 J./O' 19 3.A% A, 516 Form FR-283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 21, 1940 (In thousands of dollars) ASSETS Total Boston New York Phila. Gold certificates on hand and due from U. S. Treasury 15,552,120 Redemption fund — F.R. notes 9,335 Other cash 413,222 865,470 7,690,760 805 1,090 36,701 95,478 822,584 873 34,339 Total reserves 902,976 7,787,328 857,796 1,007,700 431,962 317,009 2,484,481 443,367 261,113 369,089 242,499 15,974,677 Bills discountedl Secured by U. S. Gov't obligations, direct and guaranteed 558 Other bills discounted 6,388 Total bills discounted 6,946 Industrial advances 10,373 U. S. Government securiti.es, direct and guaranteed* Bonds 1,344,045 Notes 1,133,225 Total U. S. Gov*t securities, direct and guaranteed 2,477,270 Total bills and securities 2,494,589 494,589 Due from foreign banks 47 F. R. notes of other banks 24,626 Uncollected items 625,068 Bank premises 41,808 Other assets 61,973 TOTAL ASSETS Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 975,695 403,777 294,179 2,428,526 424,363 250,953 348,173 224,798 658 1,161 419 1,394 718 195 434 335 31,347 27,024 22,411 54,561 18,286 9,965 20,482 17,366 25 125 160 2,232 135 547 63 541 44 330 10 369 150 1,350 2,392 2,040 682 3,129 6o4 305 374 934 379 698 96,123 81,047 408,181 344,156 110,221 92,934 177,170 . 752,337 178,670 178,670 3 801 63,302 2,885 4,087 756,769 756,769 18 3,357 161,057 9,876 17,998 24 822,842 1,253 45,262 869,357 632 201 40 156 10 693 4 164 43 398 656 201 11 196 201 703 169 168 485 441 720 137,084 68,135 54,495 115,581 57,447 45,945 144,872 60,273 39,771 62,897 51,196 122,148 50,818 33,533 53,031 43,167 110,797 93,418 203,155 252,665 125,582 100,440 267,020 111,091 73,304 115,928 94,363 204,215 206,966 206,966 253,574 126,890 126,890 101,517 101,517 253,574 2 2 4 1,778 4,760 3,314 72,597 49,066 23,916 5,535 2,538 2,030 6,858 3,672 2,525 268,007 111,303 111,303 73,701 73,701116,800 95,016 205,376 268,007 116,800 95,016 * 6 1 1 1 4 3,384 1,141 952 1,365 596 2,346 30,630 91,353 26,779 14,274 25,414 22,408 3,384 2,244 1)393 3,245 1,169 2,947 6,315 2,639 5,439 1,863 2,795 2,426 5 832 44,272 4,562 5,356 331 19,222,788 1,152,724 8,736,403 1,119,789 1,348,046 618,890 450,313 2,856,930 587,474 353,296 518,709 364,115 1,116,099 *Less than $500. Form ra-283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JMUARY 31, 1940 LI A B I L I TIES Total F. R. notes in actual circulation 4,832,101 Deposits* Member bank-reserve account 12,149,576 U.S.Treasurer-General account 549,441 Foreign bank 407,313 Other deposits 315,284 Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES 13,421,614 616,701 2,153 Boston New York Phila. 397,937 1,233,250 343,467 451,877 218,952 158,620 1,064,756 190,341 138,769 179,806 80,821 373,505 597,648 6,715,297 36,040 143,917 29,166 145,864 6,021 229,375 600,835 40,482 39,717 17,991 705,007 285,907 209,900 1,484,330 312,000 151,361 267,159 216,425 41,921 31,356 23,105 99,613 28,103 26,438 23,653 19,342 37,691 17,427 14,185 48,634 12,158 8,916 ,11,753 12,158 603,707 35,471 29,644 2,981 21,529 668,8757,234,453 61,410 146,946 699,025 44,169 792,749 336,748 255,242 1,636,839 360,674 192,581 303,171 250,906 70,298 47,996 23,661 110,501 25,618 12,726 25,138 21,159 690,351 27,079 228 324 527 8,130 212 2,058 38 9,347 10,405 2,874 1,648 51,179 53,326 7,109 9,816 11,920 14,198 4,393 2,090 13,973 14,323 1,007 3,607 5,222 5,247 3,246 1,441 19,222,738 1,152,724 8,736,403 1,119,789 1,348,046 618,890 Commitments to make industrial 366 advances 8,376 1,760 434 1,095 737 MATURITY DISTRIBUTION OF 16 to 31 to 61 to Within 30 days 60 days 90 days Total 15 days Bills discounted. 6,946 1,038 1,580 3,708 377 Industrial advances 10,373 1,484 149 178 493 U. S. Government Securities, direct and guaranteed 2,477,270 8,052 42 4,262 242 8,4l3 42 5,866 106 606 71 256 65 18,872,569 1,128,450 8,614,973 1,087,188 1,315,136 603,734 437,565 2,812,338 576,675 344,182 508,371 352,957 1,091,000 CAPITAL ACCOUNTS Capital paid in 136,008 Surplus (Section 7) 151,720 Surplus (Section 13b) 26,839 Other capital accounts 35,652 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS (In thousands of dollars) deve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 4,664 5,725 713 1,646 13,553 22,824 1,429 6,706 4,088 4,709 538 1,464 2,951 3,152 1,001 2,010 4,360 3,613 1,142 1,223 4,082 3,974 10,669 10,2,24 1,836 2,085 1,266 2,121 450,313 2,856,930 587,474 353,296 518,7C9 364,115 1,116,099 62. 512 75 20 152 3,163 BILLS AND SECURITIES 91 days to 6 months 1 Year 2 Years to Over 6 months to 1 Year to 2 Years 5 Years 5 Years 177 66 _ _ _ _ _ 1,093 2,909 2,136 1,931 — 136,783 105,974 281,368 695,471 1,257,674 Form FR-283-a FEDERAL RESERVE NOTE STATELIEST ON JAIIUARY 31, 1940 (In thousands of dollars) Total Boston llev/ 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 5,164,940 423,526 1,322,056 363,575 479,819 232,334 171,019 1,112,920 201,468 144,854 107,655 89,392 436,322 Held by Federal Reserve bank 332,839 25,589 33,806 20,108 27,942 13,382 12,399 48,164 11,127 6,085 7,849 8,571 62,817 In actual circulation 4,832,101 397,937 1,233,250 343,467 451,877 218,952 158,620 1,064,756 190,341 138,769 179,806 80,821 373,505 Collateral held by agent o„s security for notes issued to bank: Gold certifi catcs on hand and due from U.S. Treasury 5,309,000 440,000 1,340,000 375,000 486,000 250,000 180,000 1,130,000 209,000 147,500 195,000 92,500 464,000 Eligible paper 1,307 150 248 l4l ™ 159 — -— 58 551 — Total collateral 5,310,307 440,150 1,340,248 375,141 486,000 250,159 180,000 1,130,000 209,000 147,558 195,551 92,500 464,000
@FedFRASER