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, lay 13; not earlier. Board of Governors of the Federal Reserve System May 12, 1938« CONDITION OF FEDERAL RESERVE BANKS During the vreek ended May 11 member bank reserve balances increased $56,000,000, Additions to member bank reserves arose from decreases of $11,000,000 in money in circulation and #68,000,000 in Treasury deposits with Federal Reserve banks and increases of $10,000,000 in gold stock and $2,000,000 in Treasury currency, offset in part by increases of $19,000,000 in Treasury cash and 016,000,000 in nonnember deposits said other Federal Reserve accounts. Excess reserves of member banks on May 11 were estimated to be approximately $2,480,000,000, an increase of $40,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended May 11, .1938, Tiere as follows» Increase or decrease since May 11 1938 May 4 1938 May 12 1937 (In millions of dollars) Bills discounted 8 Bills bought 1 U, S. Government securities 2,564 Industrial advances (not including 13 million commitments - May 11) 16 # Other Reserve bank credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits tdth F. R. banks Nowaember deposits and other F. R. accounts » - - - _ — -8 ««4 +38 -1 +1 -7 -6 2,589 12,880 2,695 +10 +2 +13 +998 +150 7,560 6,396 2,215 1,361 632 +56 -11 +19 -68 +16 +617 -9 —84l +1,255 +I38 «■* *Less than $500,000# Form FR-283-a Released for publication Friday morning, May 13,1938; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) May 11. 1938 May 4. 1938 May 12. 1937 10,640,912 427.070 11,076,868 10,641,412 8,386 434.876 11,084,674 8,839,408 11,713 288.280 9,139,401 5,321 2.844 8,165 550 16,421 5,379 2,813 8,192 550 16,798 12,949 2.705 15,654 4,534 22,779 657,253 1,191,905 714.857 2,564,015 657,253 1,191,905 714.857 2,564,015 732,428 1,152,393 641.469 2 ,526,290 2,589,151 170 19,973 527,996 44,730 „ JâsM 14,305,284 2,589,555 170 23,005 550,492 44,717 45,214 2 ,569,257 230 21,542 666,762 45,787 45.956 14,337,827 12,488,935 4,132,337 4,147,997 4,193,868 7,560,482 1 ,361,133 133,908 236,245 9,291,768 527,933 133,523 147,739 27,683 32,915 .ll*j£6 14,305,284 7,503,630 1,428,693 125,674 227,746 9,285,743 551,583 133,482 147,739 27,683 32,915 10.685 14,337,827 6,942,727 106,177 104,979 131.566 7,285,449 660,697 132,193 145,854 27,490 35,974 7,4l0 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 . i 4 » • Total bills discounted . . . » • Bills bought in open market ... Industrial advances • • • • * . . U.S. Government securities: 8,886 Treasury notes . * » 1 . . . * . Treasury bills * . . . . . . . * Total U.S. Government securities Total bills and securities . . . Due from foreign banks . . . . . . F. R* notes of other banks . . . . All 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 ............ Deferred availability items . . . Reserve for contingencies . . . . All other liabilities . . . . . . TOTAL LIABILITIES . . , . . . 12,488,935 Ratio of total reserves to deposit and F. R. note liabilities combined Contingent liability on bills pur chased for foreign correspondents 82.5# 1,357 1,357 1,532 Comitments to malte industrial advances 12,700 12,678 17,183 82.5% 79.6# Form FR-283-b ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS Oil MAY 11, 1938 (In thousands of dollars) ASSETS Total Boston New York Phila* Gold certificates on hand and 10,640,912 587,521 4,526,529 543,064 due from U.S, Treasury 8,886 927 Redemption fund - F.R* notes 311 653 407,070 40,970 98,499 27,763 Other cash 11,076,868 628,802 4,625,955 571,480 Total reserves Bills discounted* Secured by U.S.Gov’t obligations, direct or fully guaranteed 572 5,321 2,335 895 2,844 Other bills discounted 157 403 563 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy* Dallas San Fran, 719,755 309,345 239,112 2,025,965 295,864 193,307 288,307 186,116 804 1,035 832 562 889 338 793 413 39,500 30,997 19,479 60,640 18,136 9,443 29,227 15,903 726,027 1,329 36,513 760,087 341,146 259,626 2,087,398 314,562 203,639 317,872 202,432 763,869 413 192 135 334 238 475 210 605 51 918 469 24 1,477 713 19 73 210 68 677 - 40 50 62 43 173 167 152 263 293 4o 3 159 112 2 551 216 16 465 319 16 901 556 39 1,297 «H» Total bills discounted 8,165 729 4l 550 Bills bought in open market 16,421 2,377 Industrial advances U. S, Government securities* Bonds 657,253 47,412 Treasury notes 1,191,905 85,982 Treasury bills 714,857 51,568 191,191 53,966 346,716 97,866 207,948 58,696 63,027 35,882 28,560 114,299 65,070 51,793 60,551 39,027 31,063 71,067 30,561 22,654 31,947 24,937 128,877 55,420 41,081 57,934 45,223 77,295 33,239 24,640 34,746 27,123 56,049 101,644 60,961 Total U.S. Gov*t securities 2,564,015 184,962 745,855 210,528 245,877 139,979 111,416 277,239 119,220 88,375 124,627 97,283 218,654 753,254 215,122 65 17 846 4,025 133,382 41,211 9,907 4,783 13,602 4,504 247,451 141,949 112,221 16 6 7 l,*6l 1,351 2,065 52,434 44,383 18,964 6,164 2,674 2,105 4,980 3,043 2,059 278,194 119,422 89,o4o 125,324 98,519 21 2 2 5 5 2,746 1,659 844 1,451 536 70,456 24,915 l4,l48 28,283 21,748 4,548 2,325 1,518 3,130 1,282 1,886 1,639 1,979 220,546 12 2,510 26,633 3,312 3,992 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 10TAL ASSETS 2,589,151 188,109 170 12 479 19,973 527,996 51,439 44,730 2,982 46,396 2,830 2,738 215 4,446 1,458 56 3,080 14,305,284 874,653 5,540,190 837,963 1,072,593 534,553 397,046 2,447,620 464,771 310,830 478,044 326,147 1,020,874 Form FR—283-c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON MAY 11, 1938 (In thousands of dollars) L IAB I L IT IES Cleve. Total Boston New York Phila, Rich. Atlanta Chicago St.Louis Minn, Kans*Cy* Dallas San Fran. F.R,notes in actual circulation 4 ,132,337 3^5,229 888,495 304,674 Deposits* Member bank — reserve account 7,560,482 390,716 3,483,916 395,519 U.S.Treasurer - General account 1,361,133 48,206 677,597 49,358 133,908 9,628 48,194 13,104 Foreign bank Other deposits 236,245 4,693 189,105 1,173 963,481 175,675 137,165 166,168 78,168 328,108 499,747 220,080 165,697 1,199,381 193,437 113,646 223,789 158,908 60,031 51,956 46,318 150,370 49,296 31,791 45,282 48,639 12,302 5,750 4,680 15,913 4,012 3,075 3,878 3,878 7,070 8,564 2,657 l,44l 5,64q 2,345 218 1,852 515,646 102,289 9,494 11,487 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 579,150 286,350 219,352 1,367*105 252,385 150,857 273,167 213,277 51,354 42,703 18,870 71,557 25,956 13,251 28,380 23,448 13,370 4,950 4,445 13,100 3,897 2,904 4,147 3,937 4,964 5,626 3,892 22,387 4,667 3,153 3,613 14,323 1,007 3,409 730 545 1,001 1,1-42 1,270 1,429 3,177 1,401 1,603 934 1,776 7,229 1,215 1,922 431 686 485 577 1,332 493 379 1,063 638,916 28,920 10,149 9,805 TOTAL LIABILITIES 9,291,768 453,243 4,398,812 527,933 51,742 130,890 50,961 133,523 9,405 51,943 9,900 147,739 27,683 2,874 7,744 32,915 1,448 8,210 11,386 812 3,135 409,1*9 190,291 1*5,734 459,254 40,862 12,258 13,466 4,411 2,000 1,138 2,121 2,000 855 14,305,284 874,653 5,540,190 837,963 1,072,593 534,553 397,046 2,447,620 464,771 310,830 478,044 326,i47 1,020,874 Contingent liability on bills purchased for foreign correspondents 1,357 Commitments to make industrial advances 12,700 98 488 133 125 58 48 1,367 3,886 123 1,538 1,503 178 161 4l 31 39 39 96 508 40 373 244 2,940 MATURITI DISTRIBUTION OF BILLS AND SECURITIES. Total Bills discounted Bills bought Industrial advances ■J. S. Government securities Within 15 days 8,165 6,572 550 178 16,421 1,419 2,564,015 115,354 16 to 30 days 330 75 234 85,874 31 to 60 days 6l to 90 days 702 268 297 960 191,294 — . 522 357,781 91 days to 6 months 6 months to 1 Year 286 — — 1,657 138,259 1 Year to 2 Years 2 Years to 5 Years 6,-6o4 376,428 1,852 Over 5 Tears 7 — _ 3,173 126,351 577,569 595,105 Form FR-283—d FEDERAL RESERVE NOTE STATEMENT ON M Y 11, 1938 (in thousands of dollars) Total Boston New York Phila. Federal Reserve notes* Issued to F.R.bank by F.R.agent 4/25,484 372,899 Held by Federal Reserve bank 293,147 27,670 In actual circulation 4,132,337 3*5,229 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 981,571 322/51 432,050 201,239 161,376 991,088 191,725 l4l,336 173,907 85,850 369,992 93,076 17,777 22,901 10,948 15,642 27,607 16,050 4,171 7,739 7,682 41,884 888/ 95 304,674 409,149 190,291 145,73* 963/81 175,675 137,165 166,168 78,168 328,108 Collateral held by agent as secur* rlty for notes issued to bank* Gold certificates on hand and due from U.S.Treasury *,539,632 390,000 1,000,000 337,000 436,000 203,000 164,000 1,000,000 196,632 143,500 177,000 88,500 404,000 Eligible paper 7,208 699 2,626 1,121 452 409 504 210 -112 206 317 552 Total collateral 4,546,840 390,699 1 ,002,626 338,121 436/52 203,409 164,504 ip00,210 196,632 143,612 177,206 88,817 4o4,552
@FedFRASER