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, Feb. 17; not earlier. Board of Governors of the Federal Reserve System February 16 , 1939 CONDITION OF FEDERAL RESERVE BANKS During the week ended February 15 member bank reserve balances decreased $311,000,000. Reductions in member bank reserves arose from increases of $22,000,000 in money in circulation, $319,000,000 in Treasury deposits vrith Federal Reserve banks, $11,000,000 in nonmember deposits and other Federal Reserve accounts and $3,000,000 in Treasury cash, offset in part by increases of $40,000,000 in gold stock and $3,000,000 in Reserve bank credit. Excess reserves of member banks on February 15 were estimated to be approximately $3 ,170,000,000, a decrease of $290,000,000 for the week* The principal changes in holdings of bills and securities were an increase of ,000,000 in United States Treasury notes and a corresponding decrease in United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended February 15, 1939, were as follows: Increase or decrease since Feb. 15, 1939 Feb. 8, 1939 Feb. 16, 1938 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 13 million commitments - February 15) Other Reserve bank credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F.R. accounts 5 1 2,564 - 2 5 — ---- — f 15 2 + 5 — 2,587 14,772 2,819 + 3 + 40 + 1 13 + 1,991 + 157 8,707 6,695 2,771 1,250 754 «311 + 22 + 3 +319 + 11 + 1,491 + 393 855 + 1,063 + 42 _ - 3 6 Form FR-283-a Released for publication Friday morning,February 17,1939; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Feb. 16 , Feb. 8, Feb. 15, 1938 1939 1939 ASSETS Gold certificates on hand and due +2,842,618 froci U. S. Treasury 12,006,218 + 26,995 8,856 - 299 Redemption fund - F. R. notes -1,052 -3.086 - 2,350 Other cash 438.850 Tot;:il reserves 12,453,924 +2,839,969 + 22,857 B-i11s discounted: Secured by U.S. Gov’t obligations, -2,216 - 3,222 direct or fully guaranteed 3,078 Other bills discounted 1.981 ." 1,63-2 112 Total bills discounted - 4,861 ~2,335 5,059 BiH s bought in or>en narket + 5 - 3 553 - 2,874 Industrial advances - 76 14,662 U. S.Government securities* — Bonds +126,210 840,893 Treasury notes + 40,363 1,215,466 +5,535 Treasury bills -166,573 507,656 -5,535 —. Total U. S. Government securities — 2,564,015 Total bills and securities -2,4i4 - 7,730 2,584,289 - 2 Due from foreign banks 169 + 3 4* 344 F.R. notes of other brinks -1,090 21,247 +14,516 Uncollected items 701,774 +77,895 Bonk premises -2,123 42,827 Other assets +5,678 49,512 +1.121 +98,368 +2,850,652 TOTAL ASSETS 15,853,742 LIABILITIES F. R. notes in actual circulation Deposits* Member bank ~ reserve account U„ S., Treasurer - General account Foreign banj: Other deposits Tot-Q. de^otats Deferred av.-dlability items Other liabilities including accrued dividend > TOTAL i ILITIBS CAP v T &L A C C 0 U N T S 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 on bills purchased for foreign correspondents Commitments to nake industrial advances 4,349,836 + 5,083 +230,150 8,707,191 1,250,417 266,340 233,476 -310,653 +319,122 + 58,125 - 45,901 +1,491,599 +1,063,131 + 114,260 - 68,236 10,457,42.4 699,503 + 20,693 + 72,482 +2,600,754 +19,748 2.947 15,509,710 + 358 + 98,616 - 924 +2,849,728 134,913 149,152 27,264 32,703 15,853,742 + 14 — + 1,720 + 1,413 - 419 - 1,790 +2,850,652 84.1$ — 12,880 - 262 + 98;368 - - 25 +3.8$ -1,010 - 228 Form FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 15, 1939 (In thousands of dollars) ASSETS Chicago St,Louis ilinn«, Kans.Cy, Dallas San Fran, Boston New York Phila. Gold certificates on hand and due from U. S. Treasury 12,006,218 Redemption fund - F. R. notes 8,856 Other cash 438,850 699,701 5,525,492 586,011 998 105 1,293 43,158 127,688 37,686 772,077 335,478 262,512 2,057,789 310,463 249,354 295,699 190,024 650 764 518 1,168 426 468 407 534 64,146 17,850 9,835 17,4o 4 13,513 28,312 25,701 19,700 72.1,618 1,525 33,857 742,964 5,654,473 624,695 800,857 361,713 2^2,638 2,123,103 329,077 259,707 313,510 204,187 757,000 Total reserves 12,45‘ 3,924 Bills discounted! Secured by U.S,Gov*t obligations, direct or fully guaranteed 3,078 Other bills discounted 1,981 82 10 1,710 229 92 42 1,875 1,939 Cleve. Rich, Atlanta Total 211 69 25 115 180 157 25 8 26 26 555 90 77 1,191 56 2,922 280 52 463 l4o 24 1,249 337 20 822 33 70 453 H6 2 8 103 2 873 636 85 447 32 144 40 80 532 176 16 231 16 621 120 4o 1,297 Total bills discounted 5,059 Bills bought in open market 553 Industrial advances 14,662 U. S.Government securities! Bonds 840,893 Treasury notes 1,215,466 Treasury bills 507,656 61,659 89,123 37,224 237,660 67,514 343,525 97,586 143,478 40,759 84,588 43,790 38,832 122,269 63,297 56,129 51,067 26,437 23,443 92,091 39,296 26,386 43,323 34,901 133,113 56,802 38,l4o 62,620 50,447 55,596 23,724 15,929 26,154 21,070 70,853 102,415 42,775 Total U.S.GovH securities 2,564,015 188,006 724,663 205,859 257,924 133,524 118 ,4o4 280,800 119,822 80,455 132,097 106,418 2165043 Total bills and securities 2,584,289 Due from foreign banks 169 F.R, notes of other banks 21,247 Uncollected items 701,774 Bank premises 42,827 Other assets 49,512 190,015 12 581 57,296 2,940 3,192 730,663 210,028 66 16 3,620 697 188,001 52,071 9,021 4,689 13,846 A, 349 258,719 134,937 119,583 6 7 15 1,158 1,314 2,730 80,439 46,317 25,124 6,005 2,6l4 2,072 2,619. 3,127 2,276 281,356 119,948 81,433 132,876 107,231 20 2 5 5 3 630 4,197 1,618 1,288 1,522 108,593 31,279 16,947 28,804 31,541 3,955 2,287 1,520 3,235 1,255 2,120 1,569 .. 2 ^ 9 . 1*237 . Ì 186I 217,500 12 1,892 35,362 3,234 4,267 TOTAL ASSETS 15,853,742 213 3,848 997,000 6,599,690 896,545 1,152,812 550,029 434,429 2,526,085 486,332 362,466 482,301 346,786 1,019,267 Form FR—283“c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 15, 1939 (In thousands of dollars) LIABILITIES Total F.R.notes in actual circulation 4,3-49,836 Deposits» Member bank — reserve account 8,707,191 U.S.Treasurer - General account 1^250,417 Foreign bank 266,340 Other deposits 233,476 Cleve. Boston Now York Phila. 377,922 997,237 317,243 Rich. Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas San Fran. 418,505 196,427 148,712 983,518 179,485 134,494 167,721 77,209 351,363 403,892 4,691,632 392,286 111,381 332,334 69,155 94,981 25,850 19,188 6,821 5,319 466,071 229,093 185,732 1,089,550 213,212 115,065 224,782 178,503 517,373 129,608 51,872 45,966 258,787 39,252 75,586 4l,18£ 34,970 60,318 24,784 11,459 9,327 32,246 7,729 6,130 7,72? 7,729 19,188 10,457,424 Total deposits Deferred availability itens 699,503 Other liabilities including accrued dividends 2,947 539,780 5,295,391 494,112 55,267 186,866 52,791 625,342 293,864 248,0l4 1 ,383,818 265,216 202,000 274,715 225,487 609,685 76,290 44,928 25,105 114,036 31,139 16,801 29,677 33,116 33,487 TOTAL LIABILITIES 15,509,710 CAPITAL ACCOUNTS Capital paid in 134,913 Surplus (Section 7) 149,152 Surplus (Section 13 b) 27,264 Other capital accounts 32,703 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 15,853,742 Connitnents to nake industrial advances 12,880 973,215 6,480,625 864,378 1,120,354 535,276 421,945 2,481,685 475,912 353,419 472,387 335,881 994,633 246 9,405 10,083 2,874 1,131 232 50,981 12,051 52,463 13,696 7,457 4,4l6 8,164 2,004 57 217 13,678 14,323 1,007 3,450 5,075 4,983 3,293 1,402 ll4 4,521 5,630 713 1,620 313 13,593 22,666 1,429 6,712 72 274 124 3,969 2,912 4,234 4,685 3,153 3,613 545 1,001 1,142 1,221 -.-1.5281. 925 69 3,962 3,892 1,266 98 10,532 9,965 2,121 2,016. . 997,000 6,599,690 896,545 1,152,812 550,029 434,429 2,526,085 486,332 362,466 482,3m 346,786 1/)19,267 1,261 2,561 1,508 1,410 1,210 153 po 418 195 709 44 3,353 MATURITY DISTRIBUTION OF BILLS AND SECURITIES • i Bills discounted Bills bought Industrial advances U. S. Government securities Total Within 15 days 16 to 30 days 31 to 60 days 5,059 553 14,662 2,564,015 4,031 48 2,283 101,988 152 256 149 74,745 303 143 434 124,720 61 to 90 days 91 days to 6 months 6 months to 1 Year 238 304 31 357 164,203 1,946 127,197 3,386 173,142 106 1 Year to 2 Years 3,924 390,654 2 Years to 5 Years 2,183 647,218 Over 5 Years 760,148 Fona FR-283-d FEDERAL RESERVE NOTE STATEMENT Oil FEBRUARY 15, 1939 (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 4,657,531 4)0,079 1,091,536 33^,450 4-39,172 209,673 161,710 1,017,417 194,4)4 138,827 176,113 84,892 409,258 Held by Federal Reserve bank 307,664 22,157 94,299 17,207 20,667 13,2.46 12,998 33,899 14,888 4,333 8,392 7,633 57,895 In actual circulation 4,349,867 377,922 997,237 317,243 418,505 196,427 148,712 983,518 179,516 134,494 167,721 77,209 351,363 Collateral held by agent as se~ curity for notes issued to bank: Gold certificates on hand and due fron U.S.Treasury 4,778,000 420,000 1,105,000 345,000 443,000 2.15,000 169,000 1,035,000 199,000 143,500 ICO,000 89,500 434,000 Eligible paper 4,304 82 1,921 706 267 l4o 270 33 51 53 516 165 100 Total collateral 4,782,304 420,082 1,106,921 345,706 443,267 215,l40 169,270 1,035,033 199,051 143,553 100,516 89,665 434,100
@FedFRASER