The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Fora FR-283 STATEMENT FOR THE PRESS Released for publication Friday moaning, Jan, 6; not earlier, Board of Governors of the Federal Reserve System January 5, 1939 CONDITION OF FEDERAL RESERVE BANKS During the week ended January member bank reserve balances increased $242,000,000, Additions to member bank reserves arose from decreases of <$73»000,000 in money in circulation, #50,000,000 in Treasury deposits with Federal Reserve banks, and $76,000,000 in normenber deposits and other Federal Reserve accounts, and increases of 157,000,000 in gold stock and $10,000,000 in Treasury currency, offset in part by an increase of $18,000,000 in Treasury cash and a decrease of $6,000,000 in Reserve bank credit. Excess reserves of member banks on January 4 were estimated to be approximately $3,300,000,000, an increase of $230,000,000 for the week. The fora of statement has been revised to show capital accounts under a separate caption# Changes in member bank reserve balances and related items during the week and the year ended January 4, 1939, were as followst Increase or decrease since Jan. 4, 1939 Dec. 28., _ 1228. Jan. 5 1938 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including l4 million commitments — January 4) 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 Nontnenber deposits and other F. R. accounts 4 1 2,564 - 7 3 — __ — 16 19 — —• 4 + 2,6o4 14,565 2,800 — 6 + 57 + 10 + 1 +1,810 + 161 8,819 6,839 2,725 891 694 +242 - 73 + 18 - 50 - 76 +1,748 + 329 - 897 + 764 + 2.8 2 10 Form FR-283-a Released for publication Friday morning, January 6,1939* not earlier, STATEMENT OF CONDITION OF THE TTOLVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Dec, 28, Jan, 5, Jan, 4, 1938 1939 .. 1.93.8— 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 11,837,719 9,874 ..J.64t76j +50,000 + 1 +39.292 +2,717,827 + 438 +2,132 12,212,356 +89,293 +2,720,397 2,334 1 Æ L 4,307 549 15,505 -2,597 - 76 2,564,015 Total bills and securities 2,584,376 172 29,426 739,742 42,92.8 44.641 TOTAL ASSETS - 183 2.011 - 6,773 + 9 - 2,389 +89,354 + 1,950 -91.304 840,893 1,156,947 566.175 Total U.S, Government securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets -2,673 - 4,762 - - 2,856 +4,024 +52,527 -1,148 — ±202 15,653,641 +142,149 ~ 9,153 7 + 1,985 +102,300 - 2,093 + 7.280 +2,820,709 LIABILITIES F. R. notes in actual circulation Deposits i 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 4,441,050 -29,412 +183,204 8,819,243 +242,076 891,119 -49,885 189,916 -17,787 245.684 +1,747,994 + 764,223 + 14,603 + 17.256 +2,544,076 + 92,450 10,145,962 +123,245 720,789 +56,640 1.981 - 1.307 15,309,782 +146,751 +2,818,423 + 272 +1,413 — 419 -5.868 + 1,796 + 1,413 - 4l9 - 504 15,653,641 +l42,l49 +2,820,709 134,723 149,152 27,264 -J2,a,720 Ratio of total reserves to deposit and F, R. note liabilities combined Contingent liability on bills purchased for foreign correspondents 83,7$ Commitments to make industrial advances 13,558 -3.722 29 +.1$ +3.7% -47 -1,437 -603 + 766 Form FR—283—b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BARKS Oil JANUARY 4 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 11,837,719 678,834 5,324,139 570,875 Redemption fund - F.R. notes 9,874 328 1,226 1,236 Other cash 364,763 35,527 104,890 28,063 Total reserves 12,212,356 714,689 5,430,255 600,174 Bills discounted« Secured by U.S.Gov’t obligations, direct or fully guaranteed 2,334 799 32 799 488 Other bills discounted 9 319 1,973 Cleve,1 Rich. Atlanta Chicago St.Louis Minn, 1îans.Cy. Dallas San Fran, 772,892 349,181 248,233 2,144,449 304,817 216,573 292,776 198,347 736,603 843 606 584 810 1,222 1,690 629 509 191 28,841 7,546 14,476 13,722 22,080 23,002 15,395 51,759 19,462 795,782 373,405 264,212 2,196,837 325,122 224,725 307,761 212,260 306 54 360 74 152 75 111 55 67 226 24 1,466 186 19 824 122 68 4i5 — 767,134 70 43 84 74 566 4 19 73 34 70 2 20 127 2 960 64o 16 252 23 16 773 107 39 1,340 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities« Bonds Treasury notes Treasury bills 840,893 61,659 1,156,947 84,832 566,175 41,515 237,660 67,514 326,986 92,888 160,017 45,457 84,588 43,790 38,832 116,383 60,250 53,427 56,953 29,484 26,145 92,091 39,296 26,386 43,323 34,901 126,704 54,067 36,303 59,605 48,018 62,005 26,459 17,766 29,169 23,499 70,853 97,464 47,706 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 2,584,376 190,031 172 13 29,426 1,023 739,742 69,232 42,928 2,945 44,641 2,851 729,872 210,240 258,933 135,240 119,433 6 16 7 2,7L4 1,642 3,221 84,427 61,267 31,455 2,076 2,621 6,017 2,04l 2,777 5,115 281,405 119,914 81,544 133,005 107,230 217,529 21 2 5 5 12 3 3,241 4,112 2,860 1,177 1,645 897 97,124 35,952 17,720 42,744 29,550 4o,571 1,261 3,964 2,291 3,243 1,525 3,248 1,763 4,504 1,893 1,454 2,090 3,873 Due from foreign banks F.R.notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 4,307 549 15,505 4l 4i 1,943 1,318 215 3,876 1,287 56 3,038 17 65 l,l4l 5,753 174,865 54,835 9,038 4,699 12,285 3,995 51 598 15 ,653,641 980,784 6 ,362,133 875,101 1,151,932 578,538 421,937 2 ,587,967 488,035 328,147 490,498 352,966 1^ 35,603 Form FR—283—c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JANUARY (in thousands of dollars) 1939 L I A B I L I T I E S Total Boston New York Phila, F,R. notes in actual circulation 4,441,050 384,082 1,022,531 Deposits» Member bank - reserve account 8,819,243 4l4,594 4,599,393 U.S.Treasurer - General account 891,119 73,975 194,997 Foreign bank 189,916 13,656 68,339 Other deposits 245,684 3,847 188,886 Total deposits 10,145,962 506,072 5,051,615 Deferred availability items 168,300 720,789 66,645 Other liabilities including accrued dividends 520 ____ 1£L 1 TOTAL LIABILITIES 15,309,782 956,980 6,242,966 CAPITAL ACCOUN T S Capital paid in 134,723 9,4l6 51,058 Surplus (Section 7) 149,152 10,083 52,463 Surplus (Section 13 b) 27,264 2 874 7,457 8,189 32.720 Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Rich* Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 319,062 424,873 207,032 151,4o4 81,485 362,369 386,173 57,631 18,587 6,750 485,395 245,779 179,622 1,217,546 215,136 113,965 229,738 185,868 104,751 41,506 38,137 204,708 33,416 41,946 30,428 34,415 17,450 8,156 6,638 22,571 5,690 4,362 5,500 5,500 7,270 2,305 4,215 2,130 5,070 4,050 1,559 4,007 546,034 35,209 13,467 15,595 469,l4l 54,355 614,866 297,746 228,612 1,446,955 259,312 164,323 267,225 229,790 79,620 58,961 29,315 99,569 35,472 17,623 41,715 30,754 610,305 38,460 106 156 13,646 5,005 4,499 14,323 4,983 5,630 1,007 V4l 3,293 i;4l2 713 1,608 156 996,935 182,796 137,061 171,420 54 96 238 39 ____ 15 _203_ 842,775 1,119,515 563,845 409,487 2,543,662 477,634 319,103 460,598 342,068 1,011,149 217 12,213 13,696 4;4l6 .,2»QQ1_ 13,506 22,666 1,429 6;tt4 3,948 2,905 4,685 3,153 545 1,001 î j.223 .1:985 4,215 3,613 1.142 Q-Ti 3,960 3,892 1,266 -1,280.... 10,352 9,965 2,121 ?,m 6 15,653,641 980,784 6 ,362,133 875,101 1,151,932 578,538 421,937 2,587,967 488,035 328,147 490,498 352,966 1 ,035,603 Contingent liability on bills purchased for foreign correspondents 29 Commitments to make industrial 13,558 <advances Bills discounted Bills bought Industrial advances U,forS. Government securities Digitized FRASER Cleve. 11 1,297 2,669 3 2 ,518 1,555 1 1,296 1 157 3 1 58 498 1 199 1 1 2 658 46 3,607 MftTlJRlTY DISTRIBUTION OF BILLSAMD SECURITIES Total 4,307 549 15,505 2,564,015 mthin l£.d§2S 3,267 25 2,049 107,684 16 to 30 davs 185 237 512 74,848 31 to 60 days 295 61 to 90 days 170 358 409 209,378 174,265 91 days to 6 months 365 1,613 85,197 6 months to 1 Year 25 3,889 173,142 1 Year to 2 Years 2 Years to 5 Years Over 5 Years ~ 4,l4l 390,654 2,534 588,699 760,148 Form FR-283-d FEDERAL RESERVE 1ÜTE STATEMENT ON JANUARY 4, 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. 4,788,995 408,670 1,138,709 340,289 451,725 221,433 165,318 1,031,975 199,157 l4l,976 179,789 347,945 24,588 116,178 21,227 26,852 l4,401 13,914 35,040 16,361 4,915 8,369 89,730 420,224 8,245 57,855 4,441,050 384,082 1,022,531 319,062 424,873 207,032 151,4o4 81,485 362,369 996,935 182,796 137,061 171,420 Collateral held by agent as se curity for notes issued to bank* Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 4,888,000 420,000 1,155,000 345,000 457,000 230,000 169,000 1,050,000 207,000 143,500 185,000 92,500 434,000 3,699 36 1,070 922 347 227 135 122 25 76 627 23 89 4,891,699 420,036 1,156,070 345,922 457,347 230,227 169,135 1 ,050,122 207,025 143,576 185,627 92,523 434,089
@FedFRASER