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Form FR- 283 STATEMENT FOR THE PRESS Released for publication Friday morning, May 19; not earlier. Board of Governors of the Federal Reserve System May 18, 1939 CONDITION OF FEDERAL RESERVE BANKS During the week ended May 17 member bank reserve balances increased $38 ,000,000. Additions to member bank reserves arose from a decrease of $32 ,000,000 in Treasury deposits xvith the Federal Reserve banks and increases of $36,000,000 in gold stock and $3,000,000 in Treasury currency, offset in part by increases of $9,000,000 in money in circulation, $5,000,000 in Treasury cash and $22,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 17 were estimated to be approximately $4,240,000,000, an increase of $50,000,000 for the week* Changes in member bank reserve balances and related items during the week and the year ended May 17, 1939, were as followsI Increase or decrease since May 17, 1939 May 10, 1939 May 18, .1228. (In millions of dollars) Bills discounted 4 Bills bought 1 U.S. Government securities 2,564 Industrial advances (not including 12 million commitments - May 17) 13 Other Reserve bank credit -5 — + 1 - Total Reserve bank credit Gold stock Treasury currency + 1 + 36 + 3 - 13 +3,000 + 160 38 +2,383 + 511 + 457 - 356 + 154 2,576 15,892 2,857 Member bank reserve balances 10,005 Money in circulation 6,913 Treasury cash 2,683 Treasury deposits with F, R. banks 927 Nonmember deposits and other F. R. accounts 798 — *"*— + + + + 9 5 32 22 ^ - 4 5 Fom FR—28>*a Released for publication Friday morning, May 19, 1939; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since May 10, May 18,. May 17, 1938 .„.1929 1939 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 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 13,222,730 9,372 13,597,485 1,668 ........ + 24,012 + 296 ±. 5_*j>_58 + 29,866 “•* +2,582,814 + 424 -48,861 +2,534,377 446 - 3,264 - 957 - 4,221 + 28 - 4,103 12 „_ii246 3,614 562 12,796 458 14 — 911,090 1,176,109 476.816 — 2,564,015 — — +253,837 - 15,796 .7228,041 . — 19,450 683,343 42,552 52.171 + 459 +133,817 + 3 + 552 16,976,149 +164,225 - 8,296 25 - 1,659 + 85,992 - 2,178 + 5.425 +2,613,636 4,463,349 + 3,985 + 339,836 10,005,034 + 38,129 - 32,653 + 22,464 ...J.Q2 + 27,637 +132,473 +2,382,781 - 356,760 + 135,350 + 24*684 +2,186,055 + 90,913 + + 472 2,580,987 161 — 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 malee industrial advances 926,636 272,959 269.917 11,474,546 688,655 ... -5*285 16,631,835 135,003 149,152 27,264 .-.-22*825 16,976,149 85.3% 234 + 164,329 +2,617,014 125 1,428 1,413 419 5.800 +164,225 +2 ,613,636 + — — 21 + + — + 2.8% + - 1,357 - 1,456 ” 11,688 210 2 Form FR—283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS ON MAY 17, 1939 (in thousands of dollars) ASSE T S Total Sold certificates on hand and due from U. S, Treasury 13,222,730 Redemption fund - F.R.notes 9,372 Other cash 365,383 Total reserves 13,597,485 Bills discounted* Secured by U,S.Gov’t obligations, 1,668 direct or fully guaranteed 1,946 Other bills discounted Total bills discounted 3,614 Bills«bought in open market 562 Industrial advances 12,796 U. S. Government securities* Bonds 911,090 Treasury notes 1,176,109 Treasury bills 476,816 Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 746,240 6 ,316,723 646,144 1,863 382 731 29,327 30,430 91,383 805,285 352,198 268,130 2,240,872 315,288 241,750 316,965 201,813 950 586 616 456 982 561 277 643 47,890 16,064 9,068 19,747 15,645 25,025 25,185 20,402 771,322 1,325 35,217 776,298 6,409,969 676,956 831,292 378,333 289,175 2,289,348 331,968 251,274 336,989 218,019 807,864 125 209 748 248 288 — 46 49 135 197 55 22 334 42 1,709 996 218 3,208 288 95 52 359 332 24 1,172 77 67,984 87,759 35,579 2 5 6 ,5 3 8 73,522 331,160 94,907 134,259 38,478 57 2,528 83 — 40 75 55 26 31 396 74 277 28 407 123 71 457 75 81 427 3 5 2 800 211 351 16 599 435 41 951 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 20 797 16 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 2,580,987 161 19,450 683,343 42,552 52,171 193,407 726,379 209,780 287,778 124,256 78,727 132,794 103,249 217,642 12 145 65,184 2,926 3,386 16 60 924 3,191 172,194 50,747 8,975 4,657 15,000 4,484 253,904 135,755 117,316 6 7 15 1,597 1,430 2,195 76,075 53,137 25,602 5,971 2,595 2,062 5,723 3,281 2,336 2 20 2 5 5 876 1,547 2,842 2,359 388 102,795 30,608 lo,6l4 33,632 27,147 3,927 2,275 1,515 3,196 1,244 5,245 2,243 1,596 2,434 1,984 11 1,956 29,608 3,209 ,4,459 TOTAL ASSETS 16,976,149 1,041,358 7,335,768 947,564 1,174,577 574,538 438,692 2,691,955 493,711 350,604 510,597 352 £36 1,064,749 Etocm FR-283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAH&3 ON MAT 17, 1939 (In thousands of dollars) LIABILITIES Total Boston New York Phila. F.R.notes in actual circulation 4,463,349 Deposits! Member bank-reserve account 10,005,03-4 U.S.Treasurer-General account 926,636 Foreign bank 272,959 Other deposits 269,917 381,406 1,103,963 315,373 415,441 193,585 149,811 991,286 180,636 135,892 170,713 76,286 348,957 476,899 5,430,617 471,498 68,397 215,845 47,370 19,632 97,578 26,449 5,266 197,289 4,562 516,986 252,550 185,162 1,328,713 211,066 131,301 231,649 184,305 98,730 48,013 49,275 183,464 45,333 45,067 45,417 39,889 25,358 11,725 9,544 32,993 7,908 6,271 7,907 7,907 11,021 1,600 7,546 4,246 5,988 5,926 8,861 2,081 584,288 39,836 19,687 15,531 570,194 5,941,329 549,879 65,524 169,831 49,651 652,095 313,888 251,527 1,549,416 270,295 188,565 293,834 234,182 74,125 51,736 24,627 106,276 32,201 16,912 35,836 30,434 659,342 Total deposits 11,474,546 Deferred availability items 688,655 Other liabilities including accrued dividends 5,285 434 1,680 TOTAL LIABILITIES 16 ,631,835 1,017,558 7,216,803 CAPITAL A C00 UN TS Capital paid in 9,397 135,003 50,875 Surplus (Section 7) 149,152 10,083 52,463 Surplus (Section 13b) 27,264 2,874 7,457 Other capital accounts 1,446 8,170 32,895 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 16,976,149 1,041,358 7,335,768 Commitments to make industrial advances 11,688 732 2,273 Total Bills discounted Bills bought Industrial advances U. S. Government securities 3,614 562 12,796 2,564,015 Within 15 days 16 to 30 days 2,364 242 263 1,635 156 67,450 85,813 496 Cleve, 448 Ridi, Atlanta Chicago St.Louis Minn. Kans. Cy.Dallas San Fran, 187 592 456 118 172 277 31,502 169 256 915,399 1,142,109 559,801 436,152 2,647,434 483,250 341,541 500,660 341,071 l,p40,057 12,062 13,696 4,416 1,991 13,682 14,323 1,007 3,456 5,075 4,983 3,293 1,386 4,518 5,630 713 1,679 13,678 22,666 1,429 6,748 3,983 4,685 545 1,248 2,912 3,153 1,001 1,997 4,247 3,613 1,142 935 4,010 3,892 1,266 1,797 10,564 9,965 2,121 2,042 947,564 1,174,577 574,538 438,692 2,691,955 493,711 350,604 510,597 352,036 1,064,749 1,546 1,486 150 1,045 79 599 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 31 to 61 to 91 days to 6 months 1 Year 60 days 90 days 6 months to 1 Year to 2 Years 283 106 712 1,017 136,793 145,910 436 1,476 111,316 255 13 214 4,227 259,116 1,752 349,978 191 646 2 Years to 5 Years — 2,941 Over 5 Years 1,821 577,294 830,345 Form FE—283-d FEDERAL RESERVE NOTE STATEMENT ON MAI 17, 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 Gleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy* Dallas San Fran, 4,750,5-45 4o4,551 1,192,680 330,540 437,222 205,922 161,302 1,021,087 193,340 140,363 178,716 83,129 401,693 287,196 23,145 88,717 15,167 21,781 12,337 11,491 29,801 12,704 4,471 8,003 6,843 52,736 4,463,349 381,406 1 ,103,963 315,373 415,441 193,585 149,811 991,286 180,636 135,892 170,713 76,286 348,957 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 3,491 319 976 288 95 322 7L 123 25 71 420 350 431 4,875,991 420,319 1,210,976 34-5,288 439,595 215,322 169,071 1,035,123 196,025 143,571 180,420 85,850 434,431
@FedFRASER