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Fora FR-283 STATEMENT FOR TH- PRESS Released for publication Friday morning, July lit; not earlier. Board of Governors of the Federal Reserve System July 13* 1939 CONDITION OF FEDERAL RESERVE' BANKS .During the week ended July 12 member bank reserve balances increased $199,000,000. Additions to member bank reserves arose from decreases of $59,000,000 in money in circulation, $1+0,000,000 in nonmember deposits and other Federal Reserve accounts, $29,000,000 in Treasury deposits vrith Federal Reserve banks and $25,000,000 in Treasury cash, and from increases of $38*000,000 in gold stock and $5,000,000 in Treasury currency. Excess re serves of member banks on July 12 ere estimated to be approximately $ll.,i|.50,000,000, an increase of $160,000,000 for the week. The principal change in holdings of bills and securities was a reduction of $16,000,000 in United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended July 12, 1939* were as follows: Increase or decrease since July 12, 1939 July 5* 1939 July 15, 1938 (In millions of dollars) 2,535 •••• — - 16 - 29 12 16 — + 15 + 10 Total Reserve bank credit Gold stock Treasury currency 2,569 16,171» 2,885 + 38 + 5 - 27 +3*195 + 169 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R* banks Nonmember deposits and other F.R* accounts 10,350 7 *01*1 2,552 791 895 +199 - 59 - 25 - 29 - Lo +2,077 + 597 + 237 + 163 + 262 Bills discounted Bills bought TJ# S. Government securities Industrial advances (not including 11 million commitments - July 12) Other Reserve bank credit 5 1 - -- h h Form FR-283-a Released for publication Friday morning, July ll+, 1939» earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since July 12, July 5* July 13* 1939 1939 1938 ASSETS Gold certificates on hand and +2,969,797 13,6oL,719 +70,000 due from U. S. Treasury I,6ij2 170 8 , 21)2 Redemption fund - F. R. notes 1+7*966 353*161 +35*l+05 Other cash Total reserves 13*966,122 +105,235 +2,920,187 Bills discounted: Secured by U.S. Gov't obligations, direct or fully guaranteed i+,512 553 1*1+93 + 512 Other bills discounted 75 + 3*773 + Total bills discounted 628 l+,000 5*266 + mm Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills 556 12,1.96 + mm mm 178 + - 16 3*778 911*090 1,176,109 — Total U. S. Government securities 2,535*137 - 15,500 - 28,878 Total bills and securities 2*553*1+55 - ll+,69l+ - 36,61+0 - 13 2,989 63*725 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 166,985 W (7*938 - 15,500 «*■» 167 22,563 + 2,31+5 707*815 +117,016 — lt2,356 858 1+8,235 + + 2,001) - 197*867 - + + 2,222 2,208 17,31+0,713 +210,760 +2,9^256 1+,522,709 - 20,1)68 + 388,51+8 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 CAP I T A L ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13 b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F.R. note liabilities combined Contingent liabilty on bills purchased for foreign correspondents Commitments to make industrial advances 10,31+9*9146 790,596 289,1+85 31+8,115 +198,893 - 29,612 - 7*780 - 32,181+ +2,076,877 + 162,668 + 160,528 + 105*299 11,778 ,11:2 +129,317 +2j.505*372 692,031 +101,619 514*031 2 ,1i+8 33 +210,1^5 135*137 81+ + 11+9,152 27*261; — 21+1 314,130 + 17,3140,713 +210,760 85.7# + — 11*353 + * ,1% m mm 395 - 768 +2,9147,183 + + 1*1+31 1*1+13 1419 5*352 +2 ,9lil+,256 + 3.37S - 1*097 2,11+7 - Form FR-283‘ -b' STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON JULY 12, 1939 (In thousands of dollars) ASSETS Total Gold certificates on hand and due from U.S.Treasury 13,6ol+*719 Redemption fund - F.R.notes 8,2l|2 Other cash 353,l6l Total reserves 13*966,122 Bills discounted: Secured by U.S.Gov't obligations, Other bills discounted 3,773 Boston New York Phila. Clsire. Rich. Atlanta Chicago St.Louis. Kinn. Kans.Cy. Dallas San Fran. 7^6,1420'6*1403,750 671,267 520 1 , 01+0 1 , 061+ 21,61+1 99*009 28,282 81+0,030 338,52lt 283,601 2,22l+,609 366,521+ 259,331 3140,31+0 218,311+ 692 I465 326 1,257 53l* 1+18 206 513 23,803 22,916 21,161+ ¿42,886 17,639 9,000 19,21+5 ll*,707 801,995 1 , 20? 32,8b7 818,589 6,563,805 700,613 86!+,525 361,905 305,091 2,268,752 38i+,697 268,751 359,791 233,~53k 836,069 130 20 70b 31 281 1,003 221 23 21+0 31*6 101 276 176 735 ¿|2 1,616 1,281+ 216 2,80l+ 351 56 2,691* 263 52 361 51*0 21+ 1,153 121 20 769 276 176 2 b 19b 10 61 67 335 1+0 668 339 16 207 1+02 16 569 708 1*0 9l*3 1*1+, 653 31*, 510 57,61+3 kb* 5l*8 21,951* 16,967 73,309 9l*,632 36.01*2 21+ Total bills discounted 5,266 Bills bought in open market 556 Industrial advances 12,1+96 U•S• Government securities; Bonds 911*090 Treasury notes lj,176,109 Treasury bills ¿¿7,938 66,81+6 86*290 32.865 268,571* 77,351 31*6.697 99,851 132.0Î+5 38,029 91.282 117.835 1*1+, 879 Total U*S*Govft securities2,535,137 186,001 71*7,316 215.231 253,996 lb0,527 106,910 273,731 115.759 71.1*08 12l+,250 96-, 025 203,983 Total bills and securities2,553,1*55 Due from foreign banks 167 F*R# notes* of other banks 22,563 Uncollected items 707,815 Bank premises ¿12,356 Other assets ¿*8,235 188,39k 12 1*57 70,061+ 2*917 2,998 751,620 218,332 17 63 ¿i,3l*8 1,357 181+,528 51,371 8 , 91*2 ¿+,636 11*.655 1*,313 25l+,672 lL2,2hb 107,820 6 7 15 1,707 1.757 1,61+9 81,633 57,060 22,929 2,583 5,9li3 2,055 2,032 3,202 5,335 27I*,551 115. 91*1 72,383 12l+*812 97,012 205,671+ 12 2,978 31,61+8 3,191 3,91*9 TOTAL ASSETS 17:,31(0,713 1,083,1+31 50,501+ 38,1*22 65,193 ¿*9,598 2l+,830 18,890 70 bib 71 2 315 902 98,375 la , 602 25,662 126,990 53,703 33.129 1+8,366 20,1+51+ 12,617 2 2 21 5 5 1,368 1,1*23 1,529 591 3,399 99*908 29,185 20,512 3¿+*253 2l+, 72I+ 3,908 2,268 1,510 3,170 1,233 2,11+1+ l,7i*8 1**553 1,9H+ 1,392 7,527,961 980,639 1,213,830 568,650 i+ld, 690 2,655,092 535.1*30 366,079 525,51*3 358,81+7 1,083,521 Form FR-283-C STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 12, 1939 (in thousands of dollars) LIABILITIES Total F«R.notes in actual circulation I).,522,709 Deposits : Member bank-reserve account 10,3k9,9k6 U.S»Treasurer-General account 790,596 Foreign bank 289,k85 Other deposits 3l'8,115 Total deposits Deferred availability Items Other liabilities including accrued dividends 11, 778 , lk2 Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 386,915 1,130,U 8 317,980 k2l,89k 197,109 152,620 996,352 179,19k 132,561 171,268 76,628 359,770 531,52¡9 5,591,3k2 501,772 Wi*52^ 161,1+97 36,I l72 20,839 103,320 28,077 5,65k 255, 8k5 12,185 571,006 214,675 185,127 1,316,68k 253,872 138,983 251,321 189,18k 69,727 k2,kll 5l,76o 151,057 k7,92l 53,7k7 ko,966 k-5,289 6,658 8,39k 8,39k 26,920 12,kk7 10,131 35,02k 8,39k k,938 8,507 l,66k 11,561 1,807 6,568 10,207 5,2k8 57k,k31 k5,225 20,887 23,931 602,566 6 , 112,00k 578,506 679,21k 301, 3k0 253,586 1,512,972 315,1+35 20k,326 309,188 2kk,531 100,829 30,229 19,988 3k,837 20,583 79,977 55,391 22,753 66k,k7k 3k, Uo 692,031 69,779 165,659 51,596 2, ll-ï-8 291 668 297 180 15 98 185 kl 88 192 55 38 TOTAL LIABILITIES 16,995,0 30 1 ,059,5517,1 (08,7k9 9k8,379 1,181,265 553,855 1+29,057 2,610,338 52k,899 356,963 515,1+85 3k7,797 1, 058,692 CAPITAL A CCOUHI S Capital paid in k,281 5,062 k, 53k 13,766 9,k06 k,032 10,579 13,669 3,989 2,91k 50,85k 12,051 135,137 Surplus (Section 7) 3,892 9,965 k,983 5,630 22,666 10,083 k,685 3,153 3,613 Ik9,l52 52,1^63 13,696 Ik, 323 Surplus (Section 13b) 1,266 2,121 k,kl6 1,11+2 5k5 1,001 1,007 27,261+ 2,87k 3,293 713 l,k29 7,li57 1,022 Other capital accounts 3,566 1,312 2,01-8 8,k38 1,860 2,16k 3k, 130 l,k57 1,756 6,893 2,097 1,517 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 17,3140,713 Commitments to make industrial advances 11,353 Total Bills discounted Bills bought Industrial advances U# S# Government securities 5,266 . 556 12,k96 2,535,137 l,083,k 3i 7,527,961 980,639 1,213,830 568,650 U-1,690 2,655,092 535, k30 360,079 525,5k3 356,8k7 1,083,521 563 Viithin 15 days 2,126 3k2 1,225 76,055 l,li6o 972 ll;0 63 k36 67 635 1,351 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 16 to .2 Years to 91 days to 6 t/onths 1 Year 31 to 6l to 6 months to 1 Year to 2 Years 5 Years 30 days 60 days 90 days 2,211 150 121 913 79,305 195 23 200 l6Ll.il 5 2,271 70 551 111,163 520 )• — — 1,695 122,676 l,9k3 296,068 2,603 270,250 — 3,366 587,860 3,k55 Over 5 Years — — 830,3k5 Form FR-2S3-d FEDERAL RESERVE NOTE STATEMENT ON JULY 12, 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 In actual circulation Cleve# Rich# Atlanta Chicago St.Louis Minn# Kans*Cy# Dallas San Fran* k,835,lkO 1l0?,692 1,235,935 337,120 kk0,83k 209,792 I65,lk9 1,027,770 191,751 138,576 182,102 8k,638 1+13.781 312,U31 20,777 105,517 19,1^0 18,9k0 12,683 12,529 31,kl8 12,557 6,015 10,83k 8,010 5k,Oil k,522,709 386,915 l,130,kl8 317,980 k21 ,89k 197,109 152,620 996,352 179,19k 132,561 171,268 76,62 8 359,770 k,9k0,000 k20,000 1,265,000 3k5,000 ki’3,000 210,000 169,000 l,0i«5,000 196,000 lk3,500 182,000 87,500 k3k,000 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 3,039 715 378 130 73 kk3 39 31 20 25 280 3k3 562 k,9k3,039 !i20,715 1,265,378 3k5,130 kk3,073 210,kk3 169,039 l,0k5,03l 196,020 Ik3,525 182,280 87,8k3 k3k, 562
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