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Fors FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, June 16 j not earlier. Board of Governors of the Federal Reserve System June 15, 1939 CONDITION OF FEDERAL RESERVE BAMS During the week ended June 14- member bank reserve balances increased $48,000,000« Additions to member bank reserves arose from decreases of $50,000,000 in money in circulation and $7,000,000 in Treasury deposits with Federal Reserve banks and increases of $29,000,000 in Reserve bank credit, $40,000,000 in gold stock and $4,000,000 in Treasury currency, offset in part by an increase of $84,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on Juno 14 were estimated to be approximately $4,2.60,000,000, a decrease of $20,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended June 14, 1939, were as follows» Increase or decrease since June 14, 1939 June 7, 1939 June 15, 1938 (in millions of dollars') Bills discounted Bills bought U. S. Government securities Industrial advances (not including 11 million commitments - June 14) Other Reserve bank credit 3 1 2,564 6 — — — — 12 25 + 29 + Total Reserve bank credit Gold stock Treasury currency 2,605 16,027 2,868 + 29 + 40 + 4 + 7 +3,077 + l6l Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F. R. accounts 10,101 6,936 2,570 928 967 + 48 - 50 - 1 - 7 + 84 +2,197 + 516 + 281 7 + 2.62 r -, - 5 18 Fora FR— 28>*a Released for publication Friday aorning, June 16,1939; not earlier. STATEMENT OF CONDITION OF THE TlffiLVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since June 7, June 15. June 14, .. 1913 ‘ 1939 1939. ASSETS Gold certificates on hand and due from T J. S. Treasury + 29,000 +2,783,318 13,420,719 Redemption fund - F. R. notes + 194 + 9,467 303 Other cash + 25,998 — 25,452 375.874 Total reserves Bills discounted! Securcd by U.S. Gov't obligations, direct or fully guaranteed Other bills discounted + 55,192 1,447 .1,690 361 -2i O 3,137 56l 12,469 + I Total bills discounted Bills bought in open market Industrial advances U. S. Government securities* Bonds Treasury notes Treasury bills 13 ,806,060 — + 40 +2,758,169 — 4,545 1,714 + — 6,259 24 4,166 911,090 1,176,109 476.816 — — — + 166,985 + 44,056 - 211,041 Total U.S. Government securities 2,564,015 — — Total bills and securities 2,580,182 290 162 + 1 + 2,072 +182,755 - 61.182 + 4,192 + 17,274,332 +243,921 +2,844,475 4,437,703 - 38,607 + 314,601 10,100,929 927,989 351,029 .... 3.62,444 11,743,391 737,472 + 48,286 - 6,975 + 41,429 + 42x0.02 +125,743 +153,265 16,928,900 + 3,507 +243,908 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS LIABILITIES F. R. notes in actual circulation Deposits« Llember 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 21,684 762,610 42,452 134,969 149,152 27,264 34,047 17,274,332 85.3% — 11,388 10,401 + 1 16 +2,196,679 — + _._A,621 +2,846,959 + + — _ . .1 +243,921 - .1% — - 85 6,898 + 211,542 + 64,865 +2,466,188 + 61,535 — + 21 425 79,701 2,205 19,657 1,418 1,413 419 4,896 +2,844,475 + 2.9% - 1,840 - 2,250 Form FR“283“b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BASKS ON JUNE 14, 1939 (in thousands of dollars) ASSETS Rich. Atlanta Chicago St,Louis Total Boston New York Phila. Gold certificates on hand and due from U.S. Treasury 13,420,719 Redemption fund — F.R.notes 9,467 Other cash 375,874 746,654 6,355,910 660,860 623 1,473 1,234 26,114 99,233 28,533 831,626 353,172 272,927 2,256,503 366,660 255,689 320,671 225,263 421 438 843 1,231 575 575 540 244 26,861 23,568 21,746 50,828 20,280 10,189 20,191 15,549 774,784 1,270 32,782 773,391 6,456,616 690,627 859,330 377,971 295,248 2,307,752 387,515 266,316 341,106 241,352 808,836 Total reserves l?.806y060 Bills discounted« Secured by U.S.Gov*t obligations, direct or fully guaranteed 1,447 Other bills discounted 1,690 Total bills discounted 3,137 561 12,469 Cleve. 320 87 377 234 195 25 63 42 145 210 85 20 57 33 407 42 1,752 611 218 2,882 220 57 2,511 105 52 370 355 24 1,170 105 20 782 90 71 455 — Minn. Kans.Cy., Dallas San Fran. 25 3 28 2.4 414 85 219 93 353 25 2 4 31 2 785 438 16 221 304 16 593 446 41 944 76,830 Bills bought in open market Industrial advances U. S. Government securities« Bonds 911,090 Treasury notes 1 ,176,109 Treasury bills 476,816 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 56,958 35,708 60,613 46,916 19,021 99,176 40,209 Total U.S. Gov’t securities 2T564,015 191,322 721,957 206,907 253,398 134,227 116,422 .287,127 124,173 77,844 132,1/0 102,283 216,215 193,523 12 363 76,218 2,922 3,659 725,668 209,695 253,925 135,776 117,329 287,743 124,204 78,662 132,815 103,196 20 2 2 5 5 3,120 2,320 1,268 1,147 527 111,353 35,095 20,243 36,221 25,759 3,917 2,273 1,512 3,183 1,238 5,647 2,422 1,727 2,663 2,141 217,646 Total bills and securities Due from foreign banks F.R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 2,580.182 162 21,684 762,610 42,452 61,182 61 16 656 4,099 201,581 42,043 8,959 4,646 16,492 9,533 6 7 15 1,426 1,560 2,023 90,186 59,970 26,485 5,955 2,589 2,058 6,093 3,512 2,502 53,395 23,092 14,476 24,573 11 3,175 37,456 3,200 4,791 17,274,332 1,050,088 7,413,476 957,216 1,2.16,930 581,385 445,651 2,719,552 553,831 369,730 517,140 374,218 1,075,115 Form FR-283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAITKS OK JUNE 14, 1939 (in thousands of dollars) LIABILITIES Deposits: Member bank-reserve account U.S.Treasurer-General account Foreign bank Other deposits Total deposits Deferred availability items Other liabilities including dividends Boston New York Phila. 437,703 380,527 1,091,572 316,760 414,302 193,454 147,761 983,254 179,447 133,588 170,054 75,723 351,261 100,929 927,989 351,029 363 ,444- 488,735 5,405,327 478,179 52,783 209,580 43,112 25,213 126,570 33,207 275,626 5,696 6,462 558,897 247,917 189,765 1,333,091 258,286 142,650 239,553 190,362 80,347 49,558 48,082 198,463 54,327 49,192 41,757 56,701 42,372 10,155 8,054 10,155 10,155 32,567 15,058 12,256 11,312 3,539 9,291 6,306 5,475 6,660 8,913 2,037 568,167 44,087 25,267 22,127 11,743,391 737,472 573,193 6,017,103 560,194 71,993 183,634 42,715 683,123 316,072 259,394 1,580,232 328,243 206,556 300,378 259,255 86,404 56,886 2.5,666 110,839 35,469 20,309 36,378 28,053 659,648 39,126 10,334 494 1,965 5,320 Cleve. Rida. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total 516 I60 211 592 139 320 155 306 156 16,928,900 1 ,026,207 7,294,274 924,989 1,184,345 566,572 433,032 2,674,917 543,298 360,608 507,130 363,187 1,050,341 TOTAL LIABILITIES C CAPITAL A 0 C0 U N TO S Capital paid in 13,696 3,984 2,912 4,255 4,006 10,566 134,969 13,654 5,075 4,523 9,397 50,844 12,057 Surplus (Section 7) 4,983 22,666 52,463 13,696 3,892 9,965 149,152 10,083 5,630 4,685 3,153 3,613 14,323 Surplus (Section 13b) 2,121 27,264 2,874 1,429 7,457 4,416 1,007 3,293 545 1,001 1,142 1,266 713 Other capital accounts 6,844 1,319 2,056 1,000 1,867 2,122 8,438 2,058 34,047 1,527 3,601 1,462 1,753 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 17,274,332 1,050,088 7,413,476 957,216 1,216,930 581,385 445,651 2,719,552 553,831 369,730 517,140 374,218 1,075,115 Commitments to make industrial advances 2 150 79 189 634 — 11,388 585 577 1,465 1,028 2,873 2,253 1,555 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U. S. Government securities 3,137 561 12,469 2,564,015 Within 15 days l6 to 30 days 2,052 190 90 621 54,413 — 1,352 80,428 31 to 60 days 244 443 1,032 155,360 61 to 90 days 150 28 198 161,415 91 days to 6 months 6 months to 1 Year 497 — 1,514 95,666 4 — 4,142 259,116 1 Year to 2 Years 2 Years to 5 Years -------- --- 1,752 349,978 Over 5 Years — --- 1,858 577,294 — — 830,345 Form FR-283-d FEDERAL RESERVE NOTE STATEMENT OK JUIIE 1/, 1939 (In thousands of dollarr ) Total coston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes* Issued to F.R.bank by F.R.a-ent 4,727,517 397,587 1,137,390 331,695 ¿32,024 204,827 158,704 1,018,653 192,288 137,750 170,914 82,866 404,8]9 Held by Federal Reserve bank 289,814 17,060 95,818 14,935 17,722. 11,373 10,943 35,399 12,841 4,162 8,360 7,143 53,558 In actual circulation 4,437,703 330,527 1,091,572 316,760 414,302 193,454 147,761 983,254 179,447 133,588 170,054 75,723 351,261 Collateral held by agent as se curity for notes issued to bank* Gold certificates on hand and due from TJ. S.Treasury Eligible paper Total collateral 4,865,500 420,000 1,210,000 345,000 435,500 210,000 169,000 1,035,000 196,000 143,500 182,000 05,500 434,000 3,064 387 605 195 105 355 99 90 25 19 438 304 ' 4/2 4,868,564 420,387 1,210,605 345,195 435,605 210,355 169,099 1,035,090 196,025 143,519 182,430 05,204 434,442
@FedFRASER