The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, June 2; not earlier. Board of Governors of the Federal Reserve System June 1, 1939 CONDITION OF FEDERAL RESERVE BANKS During the week ended May 31 member bank reserve balances decreased $68,000,000. Reductions in member bank reserves arose from increases of $75,000,000 in money in circulation, $5 ,000,000 in Treasury deposits with Federal Reserve banks and $27,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $3,000,000 in Reserve bank credit, offset in part by increases of $29,000,000 in gold stock and $4,000,000 in Treasury currency and a decrease of $11,000,000 in Treasury cash. Excess reserves of member banks on May 31 were estimated to be approximately $4,220,000,000, a decrease of $80,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended May 31, 1939, were as follows: Increase or decrease since May 31» ,.19J9_ May 24, .1939 June 1„ — .I?.},? (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 12 million commitments - May 31 ) Other Reserve bank credit ,_ 4 1 2,564 4 — — — — 12 -8 - 1 - 3 - Total Reserve bank credit Gold stock Treasury currency 2,573 15,956 - 3 + 29 + 4 - 20 +3,038 + 160 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F. R. accounts 10,029 68 +2,284 + 499 + 38I - 173 + 186 2,863 6,968 2,635 920 839 + + + 75 11 5 27 5 11 Form 'FR—283-a Released for publication Friday morning, June 2,1939; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since June 1, May 24, May 31, 1939 ....ms. . 19J9 ASSETS Gold certificates on hand and 13,317,722 + 35,004 +2,678,822 due from U.S. Treasury + 36I 825 8,547 Redemption fund - F. R, notes — -42,683 35 *411 346.667 Other cash +2,636,500 Total reserves 13,672,936 - 1,232 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 banks Uncollected items Bank premises Other assets TOTAL ASSETS 2,084 ... _JL.r2.74 4,058 + + 561 12,487 3 - 3,395 - 961 - 4,356 338 + 27 - 4,331 123 126 — — 911,090 1,176,109 476,816 — — — 2,564,015 — « +253,837 - 15,796 -238,041 — 19,494 551,229 42,464 _ . 54*128 — 313 - 42,657 59 + 1*046 - 8,660 25 + 752 - 30,857 - 2,177 + 6,068 16,921,543 - 43,550 +2 ,601,601 4,476,764 + 30,385 +319,608 2 ,581,121 161 335 LIABILITIES 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 Qther liabilities including accrued dividends 10,029,054 920,325 284,806 301,130 11,535,315 559,681 — + + + - 67,568 4,940 3,265 24*903 34,460 39,563 +2,284,105 -172,494 +154,606 .'+ j8.tZ£ +2,304,553 - 19,314 .. + 364 152 Jhl.25 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 16,577,085 - 43,274 +2,604,695 134,945 149,152 27,264 33»097 3 + 1,363 + 1,413 - 419 - 5.451 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 16,921,543 — — -. m - 43,550 85.4/0 — 11,530 - +2 ,601,601 — + 3.0% — - 1,530 - 1,610 105 Form FR—283—b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 31, 1939 (in thousands of dollars) ASSETS Total Boston New York Phila. Gold certificates on hand and due from U.S.Treasury 13,317,722 Redemption fund - F.R.notes 8,547 Other cash 346,667 731,635 6,413,056 638,757 1,702 319 689 25,152 86,069 29,008 794,776 350,442 260,418 2,273,065 316,818 243,986 318,4-22 204,638 267 554 928 617 527 605 449 583 9,648 17,633 45,720 17,749 17,003 26,370 22,905 18,052 771,709 1,307 31,308 757,476 6,500,827 668,084 822,074 373,930 279,087 2,319,312 335,172 254,083 336,372 222,195 804,324 Total reserves 13,672,936 Bills discounted* Secured by U.S.Gov’t obligations, direct or fully guaranteedt 2,084 Other bills discounted 1,974 Total bills discounted 4,058 Bills bought in open market 561 12,487 Industrial advances U. S. Government securities* 911,090 Bonds Treasury notes 1,176,109 476,816 Treasury bills Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 340 174 805 296 325 25 86 43 125 219 130 22 40 34- — 122 65 36 514 42 1,682 1,101 218 2,836 350 57 2,570 129 52 370 344 24 1,172 152 20 789 7471 456 122 2 5 101 2 789 76 433 163 68 407 457 16 222 239 16 596 475 41 950 2À 67,984 87,759 35,579 256,538 73,522 331,160 94,907 134,259 38,478 90,042 47,696 41,369 116,233 61,570 53,403 47,123 24,961 21,650 102,026 44,123 27,660 46,954 36,346 131,706 56,953 35,708 60,613 46,916 53,395 23,092 14,476 24,573 19,021 76,830 99,176 40,209 Total U.S.Gov’t securities 2,564,015 191,322 721,957 206,907 253,398 134,227 116,422 237,1,27 124,173 77,844 132,140 102,283 216,215 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 2,581,121 161 19,494 551,229 42,464 54,138 193,560 12 148 52,612 2,922 3,500 726,162 209,884 16 61 659 3,029 133,055 35,808 8,959 4,646 15,656 4,700 253,949 135,767 117,383 7 5 15 1,377 1,237 1,975 66,061 47,730 22,800 5,955 2,589 2,058 5,830 3,369 2,408 237,728 124.,302 78,736 132,835 103,134 2 20 2 5 5 382 3,327 1,374 1,615 1,605 80,316 26,499 15,596 26,54-0 20,322 3,917 2,271 1,513 3,196 1,238 2,090 5,423 2,331 1,654 2,545 217,681 11 2,266 23,890 3,200 4,582 TOTAL ASSETS 10,921,543 1,010,230 7,387,749 923,797 1,155,311 564,629 425,716 2,700,543 491,951 353,199 503,098 349,366 1,055,954 Ftasr FR-283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 31 , 1939 (In thousands of dollars) L I A B I L I T IBS Total Boston New York Phila. F..R.notes in actual circulation 4,476,764Deposits i Member bank-reserve account 10,029,054 U.S.Treasurer-General account 920,325 Foreign bank 284,806 Other deposits 301,130 382,238 1,113,653 317,447 415,281 192,138 149,026 992,162 181,510 135,066 170,4-60 76,285 351,498 467,432 5,490,520 455,777 57,821 208,379 49,334 20,539 101,326 27,671 5,179 222,131 4,334 531,765 245,112 185,555 1,326,986 215,269 134,934 232,694 185,211 69,280 49,458 39,279 211,900 45,269 47,178 45,213 43,599 34,517 8,273 6,561 8,273 8,273 26,529 12,266 9,984 11,272 1,953 7,680 4,225 5,292 5,851 8,777 1,917 557,799 53,615 20,594 22,519 Total deposits 11,535,315 559,681 Deferred availability items Other liabilities including accrued dividends 5,325 550,971 6,022,356 537,116 52,667 130,874 36,441 1,577,628 274,103 194,524 : 638,846 308,789 294,957 239,000 85,747 25,730 14,384 27,424 22,959 68,269 48,818 21,438 CAPITAL Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 134,945 149,152 27,264 33,097 623 480 152 Minn. Kans.Cy* Dallas San Fran. to O • nT 16,577,085 A C C O U N T .S 1,850 Rich. Atlanta Chicago St.Louis 0.2 TOTAL LIABILITIES 526 Cleve. 200 502 148 131 287 654,527 24,930 147 279 493,128 338,391 1,031,234 986,402 7,268,733 891,627 1 ,122,876 549,897 413,162 2,656,039 481,474 344,122 . 9,397 10,083 2,874 1,474 50,854 12,057 52,453 13,696 7,457 4,416 8,242 2,001 13,652 14,323 1,007 3,453 5,074 4,983 3,293 1,382 4,516 5,630 713 1,695 13*679 22,666 1,429 6,730 3,983 4,685 545 1,264 2,912 3,153 1,001 2,011 4,247 3,613 1,142 968 4,010 3,892. 1,266 1,807 10,564 9,965 2,121 2,070 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 16,921,543 1,010,230 7,387,749 923,797 1,155,311 564,629 425,716 2,700,543 491,951 353,199 503,098 34-9,366 1,055,954 Commitments to make industrial 190 2,923 advances 1,472 1,038 150 79 598 S34 632 2,258 1,556 11,530 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U. S. Government securities Total 4,058 56l 12,487 2,564,015 Within 15 days 2,938 28 1,367 67,450 16 to 30 days 107 31 to 60 days 320 308 526 82,553 359 130,468 61 to 90 days 129 225 900 154,145 91 days to 6 months 6 months to 1 Year 550 14 1,594 112,666 4,151 259,116 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 1,750 349,978 1,840 577,294 830,345 Form FR—283—d FEDERAL RESERVE NOTE STATEMENT ON MAI 31 , 1939 (In thousands of dollars) Total Federal Reserve notess Issued to F.R. bank by F.R.agent Held by Federal Reserve bank In actual circulation Boston New lork Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 4,738,919 402,361 1,189,400 331,145 435,578 203,221 160,255 1,021,171 194,099 139,083 177,761 82,262 402,503 262,155 20,123 75,827 13,698 20,297 11,083 11,229 29,009 12,589 4,017 7,301 5,977 51,005 4,476,764 382,238 1,113,653 317,447 415,281 192,138 149,026 992,162 181,510 135,066 170,460 76,285 351,498 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 4,872,500 420,000 1,210,000 345,000 439,500 215,000 169,000 1,035,000 196,000 143,500 180,000 85,500 434,000 3,838 238 499 1,057 325 129 344 147 74 25 81 453 466 4 ,876,338 420,499 1,211,057 345,325 439,629 215,344 169,147 1,035,074 196,025 143,581 180,453 85,738 434,466
@FedFRASER