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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, Jan. 27; not earlier* Board of Governors of the Federal Reserve System January 26, 1939# CONDITION OF FEDERAL RESERVE BANKS During the week ended January 25 member bank reserve balances increased $36,000,000® Additions to member bank reserves arose from decreases of $43,000,000 in money in circulation and $33,000,000 in Treasury deposits with Federal Reserve banks, and increases of $25,000,000 in gold stock and $2,000,000 in Treasury currency, offset in part by increases of $28,000,000 in Treasury cash and $35*000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $5,000,000 in Reserve bank creditt Excess reserves of member banks on January 25 were estimated to be approximately $3,600,000,000, an increase of $40,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended January 25, 1939, were as follows J Increase or decrease since Jan. 25, 1939 Jan. 18, 1939 Jan# 265 1938 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 13 million commitments - January 25) 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 15 -1 2,583 l4,64o 2,812 9,166 6,623 2,754 767 726 + 6 1 — - — 4 3 1 5 + 25 2 + 1,885 + 158 — + 36 43 + 28 33 + 35 - 11 + 1,870 + 329 — + + 888 650 72 Form* FH-28>-a Released for publication Friday morning, January 27,1939J not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Jan. 25, 1929 A S S E T S Gold certificates on hand and due from U.S. Treasury Redemption fund - F# R, notes Cther cash Total reserves Bills discountedt Secured by U. S. Gov!t obligations, direct or fully guaranteed Other bills discounted Tot a], bills discounted Bills bought in open market Industrial advances U# S# Government securities: Bonds Treasury notes Treasury bills Jan, 18, 193? 8,943 + 1,000 +13,881 +2,787,612 + 750 + 8,157 12,364,521 +23,824 +2,796,519 2,729 1,966 + 474 - i4o - 4,903 - 1.872 4,695 556 15,131 + 334 - 6,775 + 8 - 2,798 11,905,217 10,193 449 a n + — 259 - 840,893 1,209,931 513,191 — Total U. S. Government securities 2,564,015 — Total bills and securities 2,584,397 Due from foreign banks F . R. notes of other banks Uncollected iteus Bank premises Other assets TOTAL ASSETS Jan. 26, 1938 +113,320 +37,718 -151,038 — — + — 75 -9,565 166 30,307 565,290 42,913 48,038 - 782 -95,471 - 12 + 689 ~ 5 +5,723 +62,048 - 2,098 + 7,198 15,635,632 -71,677 +2,859,820 4,319,451 -18,966 +200,367 9,166,063 767,179 171,571 298,213 10,403,026 +35,654 -32,771 +12,858 +22,277 +38,018 +1,870,192 +649,857 + 13,823 + 62,609 +2,596,481 566,467 -91,209 +62,793 2,426 + 218 - 1,499 15,291,370 -71,939 +2,858,142 L I A B I L I T I E S 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 Other liabilities including accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital p?:dd in Surplus (Section 7) Surplus (Section 1 3 b ) 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 r:ake industrial advances 134,841 149,152 27,264 33,005 + 239 + 1,772 + 1,413 419 - 1,088 15,635,632 -71,677 +2,859,820 84,0$ + 23 — — + .156 - 1,592 — — 13,00A + 3.8$ - 127 - 384 Form FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 25, 1939 (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 11,905,217 678,181 5,577,790 563,624 Redemption fund - F.R.notes 10,193 222 1,775 1,064 Other cash 449,111 43,423 131,027 34,799 Total reserves 12,364,521 721,826 5,710,592 599,487 Cleve. Rich. Atlanta Chicago St.Louis Minn# Kans.Cy. Dallas San Fran, 743,440 330,397 246,542 2,027,322 315,201 223,582 290,521 191,305 652 1,361 517 457 806 586 461 669 29,160 25,764 20,371 64,872 20,287 9,768 17,485 15,533 717,312 1,623 36,622 773,252 357,522 267,430 2,092,651 336,294 233,936 308,467 207,507 755,557 Bills discounted! direct or fully guaranteed Other bills discounted Total bills discounted 2,729 1,966 17 25 1,603 220 588 577 136 51 54 115 30 53 50 16 45 78 43 82 663 89 l4 23 60 63 4,695 556 15,131 42 1,823 1,165 187 123 125 752 56 3,002 51 589 69 455 2 2 957 16 245 37 16 730 123 220 3,859 83 19 827 66 4i 1,879 169 24 1,254 40 1,325 61,659 88,717 37,630 237,660 341,961 145,042 67,514 97,142 41,203 84,588 121,713 51,623 43,790 63,009 26,725 39,296 26,386 56,544 37,966 23,982 16,103 43,323 34,901 50,217 21,300 70,853 101,949 43,241 Bills bought in open market Industrial advances U. S. Government securities* Bonds 840,893 Treasury notes 1,209,931 Treasury bills 513,191 38,832 55,873 23,699 92,091 132,506 56,203 9 62,334 26,440 Total U.S.Gov't securities 2,564,015 188,006 724,663 205,859 257,924 133,524 118,4o4 280,800 119,822 80,455 132,097 106,418 216,043 Total bills and securities 2,584,397 189,968 730,565 210,082 258,751 134,971 119,333 281,390 119,956 81,539 133,110 107,201 217,531 Due from foreign banks F.R, notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 166 13 30,307 1,088 565,290 55,869 42,913 2,945 48,038 3,095 58 17 7,742 1,315 l4l,98l 40,209 9,038 4,699 13,308 4,274 16 8 6 1,514 3,030 2,742 65,022 45,186 24,357 6,017 2,621 2,073 5,490 3,050 2,180 21 3 2 5 5 3,546 3,198 1,301 1,099 665 69,994 2 5 , 8 3 3 14,612 29,737 23,649 3,964 2,291 1,522 3,248 1,261 4,789 2,043 1,519 2,267 1,883 12 3,067 28,841 3,234 4,l40 1 5 , 6 3 5 , 6 3 2 974,804 6 , 6 1 3 , 2 8 4 860,083 1,110,062 546,388 4 1 8 , 1 2 1 2,456,355 489,618 334,431 477,933 3 4 2 , 1 7 1 1 , 0 1 2 , 3 8 2 Form FR-283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY 25, 1939 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Cleve. Phila. Rich. Atlanta F.R.notes in actual circulation A,319,451 375,631 978,030 313,767 DepositsJ Member bank - reserve account 9 , 1 6 6 , 0 6 3 435,4-03 4,914,112 411,296 U.S.Treasurer - General account 767,179 66,518 166,522 38,405 Foreign bank 171,571 12,307 61,659 16,581 Other deposits 298,213 4,630 239,946 6,932 419,207 198,622 149,253 Total deposits 10,403,026 518,858 5,382,239 473,214 Deferred availability items 566,467 56,284 133,042 40,699 Other liabilities including accrued dividends 2,426 212 785 178 TOTAL LIABILITIES Commitments to make industrial advances Minn. Kans.Cy. Dallas 980,032 178,890 133,949 166,981 San Fran, 77,692 347,397 490,151 247,550 180,436 1^78,439 228,631 124,032 232,668 184,128 82,318 31,827 39,004 156,613 34,056 43,905 32,046 33,462 5,983 20,683 3,932 4,957 4,957 7,350 4,957 15,897 6,526 1,741 5,111 1,101 4,242 1,651 5,119 5,990 539,217 42,503 594,356 288,378 231,949 1,357,476 272,763 176,980 270,772 226,789 6 3 , 8 1 3 44,606 24,210 74,175 27,465 14,343 30,001 26,714 609,252 31,115 65 252 12,308 15,224 51 58 15,291,370 950,985 6,494,096 827,858 1,077,576 531,635 405,652 2^11,930 479,183 325,381 468,006 331,246 987,822 C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Chicago St.Louis 134,841 149,152 27,264 33,005 9,424 10,083 2,874 1,438 51,059 52,463 7,457 8,209 12,073 13,696 4,4l6 2,040 200 13,657 14,323 1,007 3,499 29 5,O4O 4,983 3,293 1,437 240 4,508 5,630 713 1,618 247 13,564 22,666 1,429 6,766 3,961 4,685 545 1,244 109 2,907 3,153 1,001 1,989 4,223 3,613 1,142 949 3,966 3,892 1,266 1,801 10,459 9,965 2,121 2,015 1 5 , 6 3 5 , 6 3 2 974,804 6 , 6 1 3 , 2 8 4 860,083 1 , 1 1 0 , 0 6 2 546,388 4 1 8 , 1 2 1 2/456,355 4 8 9 , 6 1 8 334,431 477,933 342,171 1 , 0 1 2 , 3 8 2 13,004 1,234 2,588 1,508 1,487 1,£L8 155 58 44l 198 639 44 3,434 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills oc-.i-ht Industrial advances U.• S. Government securities 4,695 556 15,131 2,564,015 Within 15 days 3,670 83 2,232 102,685 1 6 to 30 days 144 23 101 95,885 31 to 60 days 221 271 390 205,093 6l to 90 days 293 179 573 77,510 91 days to 6 months 347 ~ 2,159 117,215 6 months to 1 Year 1 Year to 2 Yeagrs 2 Years to 5 Years 4,100 390,654 1,615 641,683 Over 5 Years 20 3,961 173,142 760,148 Form FR~283-d FEDERAL RESERVE NOTE STATEMENT ON JANUARY 25, 1939 (in thousands of dollars) Total Federal Reserve notes! Issued to F.R.bank by F # R. agent Held by Federal Reserve bank In actual circulation Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn# Kans.Cy. Dallas San Fran# 4,686,380 4)3,262 1,087,135 33S,174 443,501 214,194 164,205 1,019,780 196,766 l4o,559 175,486 366,929 27,631 109,105 24,407 24,294 15,572 14,952 39,748 17,876 6,610 8,505 86,344 416,974 8,652 69,577 4,319,451 375,631 980,032 178,890 133,949 166,981 77,692 347,397 4,791,000 420,000 1,105,000 345,000 446,000 220,000 169,000 1,035,000 199,000 143,500 185,000 3,930 17 1,755 690 177 169 36 66 70 75 735 89,500 434,000 37 103 4,794,930 420,017 1,106,755 345,690 446,177 220,169 169,036 1,035,066 199,070 143,575 185,735 89,537 434,103 978,030 313,767 419,207 198,622 149,253 Collateral held by agent as security for notes issued to bank* Gold certificates on hand and due from U. S.Treasury Eligible paper Total collateral
@FedFRASER