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Form FR—283 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 8, 1939. Released for publication Friday morning, June 9; not earlier. CONDITION OF FEDERAL RESERVE BANKS During the week ended June 7 member bank reserve balances increased $24,000,000. Additions to member bank reserves arose from a decrease of $64,000,000 in Treasury cash and increases of $31,000,000 in gold stock and $3,000,000 in Reserve bank credit, offset in part by increases of $18,000,000 in money in circulation, $15,000,000 in Treasury deposits with Federal Reserve banks and $44,000,000 in nonrnember deposits and other Federal Reserve accounts. Excess reserves of member banks on June 7 were estimated to be approximately $4,280,000,000, an increase of $60,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended June 7, 1939, were as followsl Increase or decrease since June 7, 1939 May 31 , .193.9.,,. June 8, 1938 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 11 million commitments - June 7) Other Reserve bank credit 3 1 2,564 - 1 - 6 — — — — 12 + 5 4- -4 ■f A Total Reserve bank credit Gold stock Treasury currency 2,576 15,987 2,864 + 3 + 31 + 1 - 6 +3,047 + l6l Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F.R. accounts 10,053 6,986 2,571 935 + + + + 4-2,205 + 549 + 294- 70 + 223 883 24 18 64 15 44- Porn FR-283-a Released for publication Friday morning, June 9,1939; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since June 7, May 31, June 8, 1939 1939 1938 ASS E T S Gold certificates on hand and due from U. S.Treasury + 73,997 +2,754,319 13,391,719 Redemption fund - F, R. notes + 726 - 346 9,273 Other cash 349.876 -47,921 + 3,209 Total reserves 13,750,868 + 77,932 +2,706,052 Bills discounted: Secured by U. S. Gov’t obligations, direct or fully guaranteed 276 1,808 - 3,634 Other bills discounted - 1,467 ...... ...1^9 r Total bills discounted Bills bought in open market Industrial advances U, S. Government securities: Bonds Treasury notes Treasury bills 3,467 561 12,429 591 — 58 - 5,101 + 25 “ 4,303 911,090 1,176,109 476,816 — — Total U. S. Government securities 2,564,015 — Total bills and securities 2,530,472 161 19,612 579,855 42,453 56,990 + 118 + 28,626 11 + 2,852 + .+ 17,030,411 +108,868 +2,767,607 4,476,310 454 +340,525 10,052,643 934,964 309,600 .J20j44l +2,205,038 - 69,720 +177,611 + 53,300 11,617,648 584,207 + 23,589 + 14,639 + 24,794 ±-_l.2t2li + 82,333 + 24,526 +2,366,229 + 63,030 ___ _ 6 .1827 16,684,992 + 1*502 +107,907 + 171 +2,769,955 134,953 149,152 27,264 34,050 17,030,411 + + 1,395 + 1,413 419 ..-...4,737 +2,767,607 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: 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 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 85.4$ --- 11,473 +253,837 - 15,796 .-231x041 — — 649 - 9,379 — 8 — — + ___ 952. +108,868 — 23 1,204 66,626 2,188 7,723 +2.9$ — 57 “1,703 -1,900 Form FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JtJNE 7, 1939 (In thousands of dollars) ASSETS Chicago St,Louis Minn. Kans.Cy. Dallas San Fran, Boston New York Phila. Gold certificates on hand and due from U.S.Treasury 13,391,719 Redemption fund - F.R. notes 9,273 349,876 Other cash 740,705 6 ,363,004 673,115 663 1,638 1,298 24,516 85,862 30,150 818,114 354,769 268,380 2,265,599 356,133 253,673 326,489 211,881 548 .577 587 254 479 445 893 603 50,166 18,755 9,127 17,226 15,890 25,939 22,314 19,120 759,857 1,288 30,811 765,884 6,450,504 704,563 844,946 377,660 288,103 2,316,244 375,475 263,245 343,969 228,319 791,956 Total reserves 13,750,868 Bills discounteds Secured by U.S.Gov’t obligations, direct or fully guaranteed 1,808 Other bills discounted 1,659 320 Cleve. Rich. Atlanta Total 89 538 238 388 55 86 42 157 210 70 20 40 34 776 218 2,882 443 57 2,519 128 52 370 '367 24 1,171 90 20 789 74 71 455 — 25 20 30 25 2 5 50 2 786 24 406 430 16 72 128 93 382 200 16 595 475 41 944 Total bills discounted Bills bought in open market Industrial advances U.S. Government securities* Bonds Treasury notes Treasury bills 3,467 561 12,429 409 42 1,692 911,090 1,176,109 476,816 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 53,395 23,092 14,476 24,573 19,021 76,830 99,176 40,209 Total U.S.Gov’t securities 2,564,015 191,322 721,957 206,907 253,398 134,227 116,422 287,127 124,173 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 2,580,472 161 19,612 579,855 42,453 56,990 193,465 12 200 53,319 2,922 3,607 725,833 209,926 16 60 3,340 1,068 136,893 39,876 8,959 4,646 16,107 6,243 253,948 135,789 117,321 7 5 15 1,499 1,949 1,601 64,353 50,344 25,254 5,955 2,589 2,058 6,022 3,439 2,473 287,727 124,205 78,682 132,807 103,094 20 2 2 5 5 2,730 1,872 1,311 1,314 510 81,751 29,979 16,400 26,678 26,708 3,917 2,272 1,513 3,183 1,2-39 5,533 2,399 1,705 2,611 2,133 217,675 12 2,218 28,300 3,200 4,718 TOTAL ASSETS 221 17,030,411 1,019,409 7 ,341,696 966,338 1,176,738 571,777 436,815 2,697,922 536,204 362,858 510,567 362,008 1,048,079 Form FR—283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE 7, 1939 (In thousands of dollars) L IABILITIES Total F.R.notes in actual circulation 4-,-476,310 Deposits* Member bank-reserve account 10,052,64-3 U.S.Treasurer-General account 93-4,964 Foreign bank 309,600 Other deposits 320,441 Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn* Kans.Cy, Dallas San Fran, 381,688 1,116,319 315,680 414,086 194,836 149,040 988,818 180,357 134,560,170,349 76,226 354,351 478,101 5,387,958 496,631 548,640 251,259 189,511 1,331,870 249,959 143,374 237,696 185,025 53,382 230,354 45,575 77,522 46,390 42,600 206,023 49,885 46,883 46,932 47,757 22,268 110,680 30,000 28,763 13,299 10,825 37,423 8,969 7,113 8,969 8,969 4,818 5,535 6,231 5,604 241,037 4,471 '10,893 2,043 8,629 8,7^9 2,148 552,619 41,661 22,322 20,293 Total deposits 11,617,648 Deferred availability items 584,207 Other liabilities including accrued dividends 6,827 559,355 5,970,029 576,677 665,818 312,991 251,565 1,580,134 314,348 203,601 302,336 243,899 83,820 30,842 15,434 27,567 30,715 53,927 134,326 39,657 63,791 49,002 23,396 636,895 31,730 16,684,992 TOTAL LIABILITIES CAPITAL ACCOUNT)S Capital paid in 134,953 Surplus (Section 7) 149,152 Surplus (Section 13b) 27,264 Other capital accounts 34,050 995,533 7,222,486 934,081 1^.44194 556,984 424,208 2,653,275 52.5,680 353,747 500,545 350,991 1,023,268 563 9,397 10,083 2,874 1,522 1,812 2,067 499 50,848 12,057 13,653 52,463 13,696 14,323 7,457 4,416 1,007 8,442 2,088 3,561 155 5,075 4,983 3,293 1,442 207 4,523 5,630 713 1,741 503 13,683 22,666 1,429 6,869 152 133 3,984 4,685 545 1,310 2,912 3,153 1,001 2,045 151 293 4,251 3,613 1,142 1,016 4,006 3,892 1,266 1,853 292 10,564 9,965 2,121 2,161 TOTAL LIABILITIES AND 17,030,411 1,019,409 7,341,696 966,338 1 ^ 7 3 8 571,777 436,815 2,697,922 536,204 362,858 510,567 362,008 1,048,079 CAPITAL ACCOUNTS Commitments to make industrial advances — 1,46£! 1,035 190 150 79 595 634 2,897 2,254 1,556 615 11,473 MATURITY DISTRIBUTION OF BILLS AI© SECURITIES Over 6 months 1 Year 2 Years to 16 to Within 31 to 61 to 91 days tc) to 1 Year to 2 Years 5 Years 5 Years Total 15 days 30 days 60 days on <5 Qonths Bills discounted Bills bought Industrial advances U. S.. Government securities 3,467 561 12,429 2,564,015 2,492 _ 1,333 69,693 161 56 628 63,798 275 252 1,052 137,405 422 111 --253 166 1,538 105,891 170,495 6 4,148 259,116 ----- 1,746 349,978 __ — 1,818 577,294 — 830,345 Form FR—283-d FEDERAL RESERVE NOTE STATEMENT ON JUNE 7, 1939 (in thousands of dollars) Total Boston New York Phila. Federal Reserve notesJ Issued to F.R. bank by F.R.agent Held by Federal Reserve bank Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. A,750,019 399,990 1,193,383 333,622 434,214 206,190 160,079 1,021,340 193,710 138,800 180,003 82,673 406,015 273,709 18,.302 77,064 17,942 20,128 11,354 11,039 32,522 13,353 4,240 9,654 6,44-7 51,664 ________________ _____ __________________________________________________ _ In actual circulation 4,476,310 381,688 1,116,319 315,680 414,086 194,836 149,040 ____ * 988,818 180,357 134,560 170,349 76,226 354,351 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 4,869,500 420,000 1,210,000 345,000 439,500 210,000 169,000 1,035,000 196,000 143,500 182,000 85,500 434,000 388 367 36 3,367 389 776 128 84 74 25 429 2.01 470 4,872,867 420,389 1,210,776 345,388 439,628 210,367 169,084 1,035,074.196,025 14-3,536 182,429 85,731 434,470
@FedFRASER