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Form FR—283 STATEMENT FOR THE PRESS Released for publication Friday morning, Jan. 20; not earlier, Board of Governors of the Federal Reserve System January 19, 1939. CONDITION OF FEDERAL RESERVE BANKS During the week ended January 18 member bank reserve balances increased $17-4,000,000, Additions to member bank reserves arose from decreases of 050,000,000 in money in circulation, $73,000,000 in Treasury deposits with Federal Reserve banks and $26,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $38,000,000 in gold stock and $5,000,000 in Treasury currency, partly offset by an increase of $14,000,000 in Treasury cash and a decrease of $4,000,000 in Reserve bank credit. Excess reserves of member banks on January 18 were estimated to be approximately $3 ,560,000,000f an in crease of $120,000,000 for the week. The principal changes in holdings of bills and securities were an increase of $30,000,000 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 January 18, 1939, were as follows* Increase or decrease since Jan, 18)1 1939 . Jan, llj, . i.m Jan. 19. 1938 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances(not including 13 million commitments — January 18) 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 4 1 2,564 - 15 3 — 1 — — — 1 4 - 7 3 14 2,588 14,615 2,810 - 4 + 38 + 5 22 +1,860 + 171 9,130 6,666 2,726 800 691 +174 - 50 + l4 - 73 — 26 +1,911 + 320 - 895 + 665 + 9 Form FK-283-a Released for publication Friday morning, January 20,1939? not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since 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 bonks Uncollected items Bank premises Other assets TOTAL ASSETS Jan. 18, Jan* 11, Jan* 19, 11,896,217 , 9,193 ..._425.t222 12,3^0,639 + 28,497 + 760 +17.204 + 46,461 +2,777,823 200 -.+ £¿564 2,255 - 380 2,106 21 4,361 556 15,390 - 393 + 7 - 160 840,893 1,209,931 ...5, 13j1?i +30,354 .,..120*224 +2,786,187 - 4,724 - 6,429 + 8 - 2,439 +112,820 + 38,218 2,564,015 2,584,322 166 31,089 660,816 42,925 ... - 546 - 6 — 4,448 +63,076 3 _+ 1*276 - 8,860 5 + 3,829 +46,503 - 2,108 + 7.724 15,707,306 +105,910 +2,833,270 4,338,4l4 -36,548 +183,142 9,130,381 799,950 158,713 275.964 +174,242 -72,993 -18,054 - 6.748 +1,911,444 +664,932 - 9,221 + 25.917 10,365,008 657,676 + 76,447 + 66,4o8 +2,593,072 + 59,792 2.208 15,363,306 - 90 +106,217 .--- 4,545 +2,831,461 LIABILITIES F. R. notes in actual circulation Deposits t Member bank - reserve account U. S. Treasurer — General account Foreign bank Other deposits Total deposits Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES CAPITAL 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 Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances 134,818 149,152 27,264 _2,2*766 15,707,306 83.955 - 93 -214 + 1,777 + 1,413 419 ^„.,.962 +105,910 +2,833,270 +.1# +3*8$ -1,784 13,131 -208 + 4o8 Form FRr-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 18, 1939 (in thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Gold certificates on hand and due from U.S. Treasury 11,896,217 696,259 5,495,331 558,836 Redemption fund - F.R#notes 9,193 222 1,775 1,064 Other cash 435,229 ____________ 42,400 124,977 34,326 Total reserves Bills discounted* 12,3^0,639 direct or fully guaranteed Other bills discounted Rich. Atlanta 750,833 3-29,996 250,272 2,066,063 314,446 225,782 291,433 190,499 726,467 652 3$1 517 457 8C6 586 46l 669 1,623 28,503 26,448 20,255 61,349 20,919 8,957 18,123 15,503 33,469 738,881 5,622,083 594,226 779,988 356,805 271,044 2,127,869 336,171 235,325 310,017 206,671 761,559 78 30 83 334 652 4 21 25 33 78 2 9 113 2 961 986 25 16 755 58 40 1,334 84,588 43,790 38,832 121,713 63,009 55,873 51,623 26,725 23,699 92,091 39,296 26,386 43,323 34,901 132,506 56,544 37,966 62,334 50,217 56;203 23,982 16,103 26,440 21,300 70,853 101,949 43,241 257,924 133,524 118,4o4 280,800 119,822 80,455 132,097 106,418 216,043 281,398 119,911 81,531 133,3^4 107,214 258,724 135,219 119,311 729,999 210,135 2 6 5 21 16 8 5 58 3 17 13 3,926 2,181 1,319 2,190 1,699 8,556 1,461 733 1,510 1,334 3,187 89,290 30,322 i6,o4o 31,488 26,011 64,l4l 71,597 54,090 24,105 170,827 48,746 3-248 1,261 3,964 2,291 2,076 1,522 2>621 9,038 4,699 6,017 2,945 2_*016 . 1*505 2.238 1,830 4 t780 ..3+043., 13*023. 4^25...__ 5+234. ,„.2*212 2.4ZZ_ 217,475 12 2,993 34,159 3,243 4,096 2,255 2,106 107 25 938 319 607 591 106 54 54 162 Total bills discounted 4,361 Bills bought in open market 556 Industrial advances 15,390 U. S. Government securities* Bonds 840,893 Treasury notes 1,209,931 Treasury bills 513,191 132 4l 1,882 1,257 220 3,859 1,198 56 3,022 160 51 589 216 24 1,455 61,659 88,717 37,630 237,660 67,514 341,961 97,142 145,042 41,203 Total U.S.GovH securities 2,564,015 188,006 724,663 205,859 Total bills and securities 2,584,322 Due from foreign banks 166 F.R«notes of other banks 31,089 Uncollected items 660,816 Bank premises 42,925 Other assets -j£U2à2. 190,061 , TOTAL ASSETS Chicago St.Louis Minn. Kans.Cy, Dallas San Fran. ,, .. _ 64 50 24 64 19 824 74 69 455 — . — 16 245 15,707,306 1,000,594 6,553,654 863,509 1,123,060 554,842 420,900 2,511,248 492,9c4 337,624 451,659 343,775 1,023,537 Form FR—283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 18, 1939 (In thousands of dollars) L IA B I LI T I ES Total F.R.notes in actual circulation 4,338,414Deposits * Member bank - reserve account 9,130,381 U.S.Treasurer - General account 799,950 Foreign bank 158,713 Other deposits 275,964 Total deposits 10,365,008 Deferred availability items 657,676 Other liabilities including accrued dividends 2,208 TOTAL LIABILITIES 15,363,306 CAPITAL ACCOUNTS Capital paid in 134,818 Surplus (Section 7) 149,152 Surplus (Section 13b) 27,264 Other capital accounts 32,766 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Commitments to make industrial advances Bills discounted Bills bought Industrial advances U.S. Government securities Boston New York Phila. 376,288 987,760 313,720 Cleve, Rich. Atlanta Chicago St,Louis Minn, Kans.Cy, Dallas San Fran. 417,715 200,438 148,475 981,599 180,130 134,649 168,209 78,548 350,883 449,126 4,873,213 402,225 70,960 133,071 45,377 57,654 15,245 11,316 216,840 6.758 4,771 494,996 246,210 182,189 1,171,684 227,796 124,000 234,880 180,154 543,908 201,916 33,381 45,649 30,244 36,275 41,494 87,093 32,822 4l,l68 6,758 5,501 4,558 4,558 14,617 19,017 4,558 3,615 11,316 7,186 6,154 1,688 1,906 4,952 4,390 1,237 16,272 3,810 536,173 5,280,778 470,105 64,139 165,342 47,243 602,860 287,478 236,044 1,394,523 270,687 177,654 270,919 224,797 612,990 69,855 52,095 23,754 90,517 31,6l4 16,174 32,386 29,478 35,079 189 572 251 185 118 166 233 106 58 246 46 38 976,789 6,434,452 831,319 1,090,615 540,129 408,439 2,466,872 482,489 328,583 471,760 332,869 998,990 9,423 10,083 2,874 1,425 51,079 12,076 52,463 13,696 7,457 4,4l6 8,203 2,002 13,656 14,323 1,007 3,459 5,023 4,983 3,293 l,4l4 13,556 22,666 1,429 6,725 4,503 5,630 713 1,615 3,959 4,685 545 1,226 2,906 3,153 1,001 1,981 4,221 3,966 3,613 1,142 923 3,892 10,450 9,965 1,266 2,121 2,011 1,782 15,707,306 1,000,594 6,553,654 863,509 1 ,123,060 554,842 420,900 2,511,248 492,904 337,624 481,659 343,7751,023,537 13,131 1,239 2,605 Total Within 15 days 61 to 30 days 4,361 556 15,390 2,564,015 3,359 262 2,282 74,848 132 23 116 111,390 44l 1,220 155 58 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 1,508 1,514 31 to 60 days 61 to 90 days 259 271 395 176,733 262 — 567 123,720 91 days to 6 months 6 months to 1 Year 336 --------- 1,393 111,697 1 Year to 2 Years — 650 2 Years to 5 jYears 46 3,497 Over 5 Years . 1 13 4,038 173,142 198 --- 4,158 390,654 ~ 2,441 641,683 — — * --------- 760,148 Form FR—283-d FEDERAL RESERVE NOTE STATEMENT ON JANUARY 18, 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 1?. actual circulation Cleve, Rich, Atlanta Chicago St,Louis Minn, Kans,Cy, Dallas San Fran, 4,702,829 405,958 1,087,839 336,225 446,247 216,202 163,903 1,024,055 197,989 l4l,135 176,830 87,474 418,972 364,415 29,670 100,079 22,505 28,532 15,764 15,428 42,456 17,859 6,486 8,621 8,926 68,089 4,338,4l4 376,288 987,760 313,720 417,715 200,438 148,475 981,599 180,130 134,649 168,209 78,548 350,883 Collateral held by agent as se curity for notes issued to bank I Oold certificates on hand and due from U.S, Treasury 4,816,000 420,000 1,105,000 345,000 449,000 220,000 169,000 1,050,000 203,000 143,500 185,000 92,500 434,000 Eligible paper 3,581 107 1,179 718 147 216 5 74 25 62 977 25 46 Total collateral 4,819,581 420,107 1,106,179 345,718 449,147 220,216 169,005 1,050,074 203,025 143,562 185,977 92,525 434,046
@FedFRASER