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Form FR-2S3 STATEMENT FOR THE PRESS Released for publication Friday morning, Jan. 12j not earlier. Board of Governors of the Federal Reserve System January 11, 1940 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended January 10 member bank reserve balances increased $109,000,000• Additions to member bank reserves arose from decreases of $118,000,000 in money in circulation and $26,000,000 in Treasury cash, and increases of $50,000,000 in gold stock and $2,000,000 in Treasury currency, offset in part by a decrease of $60,000,000 in Reserve bank credit and increases of $4,000,000 in Treasury deposits with Federal Reserve banks and $23,000,000 in nonmember deposits and other Federal Reserve accounts* Excess reserves of member banks on.January 10 were, estimated to be approximately $5,380,000,000, an increase of $110,000,000 for the vreekf Holdings of United States Government bonds, direct and guaranteed, declined $7,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended January 10, 1940, were as follows 1 Increase or decrease since Jan# 10f 1940 Jan, 3, 1940 Jan# U , 1939 (In millions of dollars) Bills discounted Bills bought U« S# Gov*t securities,direct and guaranteed Industrial advances (not including 3 million commitments - January 10) Other Reserve bank credit 7 — 2,477 — — - 7 11 9 — - 53 Total Reserve bank credit Gold stock Treasury currency 2,504 17,747 2,965 - 60 + 50 + 2 - 8 8 +3,170 + 160 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. P.. banks Nannember deposits and other F,E. accounts 11,330 7,463 2,341 655 927 +109 -118 - 26 + 4 + 23 +2,874 + 747 - 371 - 218 + 210 •+ 2 1 07 5. + 2 Form FR~283~a Released for publication Friday morning, Jan, 12,1940? not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decreas.e since Jan. 3 , Jan. 11, Jan. 10, 1940 1940 1939 ASSETS Gold certificates on hand and due from U. S.Treasury Redemption fund - F. R. notes Oilier cash Total reserves Bills discounted! Secured by U. S. Gov't obligations, direct and guaranteed Other bills discounted Tot-il bills discounted 5x11s bought in open market luunatrial advances U, 3 Government securities, direct and guaranteed* Bonds Notes Bills Total U» S. Government securities. direct and guaranteed Total bills and securities rv.e from foreign banks F . R. notes of other banks Uncollected items Sr^ik premises Other assets TOTAL ASSETS LIABILITIES F. R. notes in actual circulation Deposits t Lienber bank - reserve account T J,S. Treasurer - General account Foreign bank Other deposits Total deposits farred availability items o'Vaer liabilities including accrued dividends TOTAL LIABILITIES CAPITAL + 79,904 + 54,850 +3,516,305 + 1,470 47,606 15,764,347 +134,754 +3,470,169 606 6,236 6,842 — 17 51 34 + + — — 40 - — + - 10,843 1,344,045 1,133,225 - + - 7,000 + — - — - 2,029 4,117 2,088 549 4,707 503,152 46,352 543,545 2,477,270 - 7,000 — 86,745 2,494,955 47 - 7,006 - 30,623 + 89,913 125 4,914 21,056 1,193 13,131 — S33 - 618,796 41,735 59,104 -222,299 1 + 811 + 19,009,607 - 92,908 +3,408,2.11 4,886,229 - 61,534 + 11,829,930 655,434 409,375 267,376 13,162,115 +109,308 + 4,359 + 6,950 + 16,304 +136,921 +2,873,791 217,509 609,799 -169,273 + + - 1,51s 18,659,661 186 - + + - 511,267 232,608 15,336 +2,873,554 18,531 780 - 93,705 +3,402,572 + + + 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 Commitments to make industrial advances 15,384,025 9,903 370,419 136,041 151,720 26,839 35,346 19,009,607 87.3$ 8,403 152 — — - + 1,130 2,568 425 2,366 + 645 - 92,908 +3,408,211 + + .3% 51 - 3.5% 4,936 Form FR-28>-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAlilLS Oil JANUARY 10, 1940 (In thousands of dollars) ASSETS Total Gold certificates on hand and due from U.S.Treasury 15,384,025 Redemption fund ~ F.R.notes 9,903 Other cash 370,419 Total reserves 15.764.347 Bills discounted* Secured by U.S. Gov't obligations, direct and guaranteed 606 Other bills discounted 6,236 Boston New York PliLla. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 886,976 7,383,927 924 1,619 86,987 34,351 866,402 1,012,103 407,936 292,910 2,482,656 389,832 248,769 350,313. 233,421 816 935 478 772 624745 364 1,071 219 29,2.58 22,605 24,320 22,517 47,729 19,100 9,698 20,119 16,083 828,782. 1,336 37,652 922,251 7,472,533 396,731 1,035,524 433,191 316,172 2,531,009 409,704 258,686 370,908 249,868 867,770 — — 135 2,228 143 561 113 542 41 261 20 231 704 3,123 655 295 302 947 251 694 —_ 638 196 60 194 35 868 662 196 11 254 737 903 169 24 — 151 35 366 151 487 401 720 Total bills discounted 6,842 Industrial advances 10,343 U. S. Government securities, direct and guaranteed* Bonds 1,344,045 Notes 1,133,225 1,296 2,363 2,041 96,123 81,047 408,181 344,156 110,221 92,934 137,084 68,135 54,495 115,581 57,447 45,945 144,872 60,273 39,771 62,397 51,196 122,148 50,818 33,533 53,031 43,167 110,797 93,418 Total U.S. Gov't securities. direct and guaranteed 2,477,270 177,170 752,337 203,155 252,665 125,582 100,440 267,020 111,091 73,304 115,928 94,363 204,215 178,466 756,741 18 4,639 145,034 9,895 17,386 206,982 5 1,372 46,809 4,573 4,883 253,615 126,831 101,385 2 4 2 1,653 4,841 3,123 69,921 51,450 27,868 2,034 5,547 2,545 2,375 6,563 3,551 268,005 111,298 74,295 117,000 95,001 * 6 1 1 1 3,125 2,568 1,871 1,911 889 86,098 2.9,460 16,680 28,539 22,731 3,390 2,242 1,396 3,093 1,175 5,999' 2,502 1,787 2,656 2,267 205,336 4 3,633 29,511 2,956 5,226 Total bills and securities 2,494,955 Due from foreign banks 47 F. R. notes of other banks 30,623 Uncollected items 618,796 Bank premises 41,735 Other assets 59,104 TOTAL ASSETS — 3 998 64,695 2,839 3,909 323 19,009,607 1,173,211 8,406,246 1,161,355 1,372,827 622,411 452,959 2,897,632. 557,775 354,715 524,108 371,932 1,114,436 *Less than $500. kxrm FR-283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE B/MS OF JMWMT 10, 1940 (In thousands o f d o l l a r s ) LIABILITIES Total iT.R. notes in actual circulation 4,836,229 Deposits t Member bank-reserve accountll^>29,930 ' U.S.Treasurer-General account655,434 Foreign bank. 409,375 Other deposits 267,376 rotal deposits 13,162,115 Deferred availability items ither liabilities including accrued dividends 609,799 Boston Hew York Phila. 403,476 1,241,394 345,624 460,335 222,648 160,036 1,075,520 190,900 592,980 6,436,686 623,411 Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. 139,900 181,493 81,998 382,905 149,824 138,725 179,005 55,458 41,114 18,416 682,756 291,712 208,654 1,470,607 283,566 152,^95 268,090 218,301 82,227 23,457 24,797 145,775 23,824 22,720 24,143 21,446 39,017 18,040 14,684 50,344 12,586 9,230 12,166 12,586 8,650 3,040 6,573 4,305 7,162 6,866 1,427 3,839 600,772 2.8,923 30,691 20,030 684,075 6,904,240 61,185 138,967 738,399 44,364 812,650 336,249 254,708 1,671,031 327,138 191,211 305,826 256,172 66,795 48,375 25,468 106,312 28,940 14,414 26,399 22,566 680,416 26,014 52,840 30,192 8,063 1,518 186 455 195 161 39 24 181 22 90 91 20 54 TOTAL LIABILITIES 18,659,661 1,148,922 8,285,056 1,128,582 1,339,941 607,311 440,236 2,853,044 547,000 345,615 513,809 360,790 1,089,355 CAPITAL ACCOUNTS 13,534 4,080 2,940 4,324 4,067 Capital paid in 136,041 9,403 51,141 12,116 10,655 13,955 5,179 4,647 Surplus (Section 7) 151,720 10,405 53,326 14,198 22,824 47709 3,152 3,613 3,974 10,224 14,323 5,247 5,725 Surplus (Section 13b) 26,839 2,874 7,109 4,393 2,121 1,429 538 1,001 1,142 1,266 1,007 3,246 713 )ther capital accounts 35,346 1,607 9,614 2,066 2,081 6,801 1,448 2,007 1,220 1,835 3,601 1,428 1,638 :0TAL LIABILITIES iBD CAPITAL ACCOUNTS 19,009,607 1,173,211 8,406,246 1,161,355 1,372,827 622,411 452,959 2,897,632 557,775 354,715 524,108 371,932 1,114,436 Commitments to make industrial advances 8,403 460 1,793 345 1,083 759 77 20 152 62 532 — 3,120 Jills discounted Industrial advances J. S. Government securities, direct and guaranteed Total Within 15 days 6,842 10,843 796 1,407 2,477,270 MATURITY DISTRIBUTION OF BILLS. AND SECURITIES 16 to 31 to 61 to 91 days to 6 months 30 days 60 days 90 days 6 months to 1 Year 205 154 1,563 205 3,814 522 1 Year to 2 Years 446 1,126 18 2,870 2,416 136,783 105,974 280,315 2 Years to Over 5 Years 5 Years 2,143 ~ 696,524 1,257,674 Form FE-283-d FEDERAL RESERVE IIOTE STATEMENT CK JANUARY 10, 1940 (in thousands of dollars) Total Boston Nev; York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Kinn. Kanr.Cy. Dallas San Fran*1 Federal Reserve notest Issued to FtR. bank by F.R.agent 5,227,565 429,109 1,337,487 367,665 485,680 239,686 175,531 1,118,771 203,690 145,570 192,352 90,826 440,698 Held by Federal Reserve bank 341,336 25,633 96,093 22,041 25,345 17,038 15,495 43,251 12,790 5,670 11,359 S,G28 57,793 In actual circulation 4,886,229 403,476 1,241,394 345,624 460,335 222,648 160,036 1,075,5.20 190,900 139,900 181,493 81,998 382,905 Collateral held by agent as security for notes issued to bank* Gold certificates on hand and due from U. S. Treasury 5,341,000 440,000 1,355,000 375,000 491,000 250,000 180,000 1,140,000 209,000 147,500 195,000 94,500 464,000 Eligible paper 1,374 —• 219 156 — 87 — — 45 118 749 — Total collateral 5,342,374 440,000 1,355,219 375,156 491,000 250,087 180,000 1,140,000 209,045 147,618 195,749 94,500 /64,000
@FedFRASER