The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form MF283 STATEMENT FOR THE PRESS Released for publication Friday morning, lay 20; not earlier. Board of Governors of the Federal Reserve System May 19, 1938* CONDITION OF FEDERAL RESERVE BANKS During the week ended May 18 member bank reserve balances increased $62,000,000. Additions to member bank reserves arose from a decrease of ¡178,000,000 in Treasury deposits with Federal Reserve banks and increases of #12,000,000 in gold stock and ¡$2,000,000 in Treasury currency, offset in part by increases of $6,000,000 in money in circulation, $11,000,000 in Treasury cash and $12,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 18 were estimated to be approximately §2,560,000,000, an increase of ¡£80,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended May 18, 1938, were as followst Increase or decrease since May 18 1938 May 11 1938 May 19 1937 (in millions of dollars) Bills discounted Bills bought U, S. Government securities Industrial advances (not including 13 million commitments - May 18) Other Reserve bank credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F, R, bonks Nonmember deposits and other F, R, accounts 8 1 2,564 17 * 2,589 12,892 2,697 7,622 6,402 2,226 1,283 644- - - - — -7 -3 +38 +1 —6 — — tmm » +12 +2 +24 +985 +150 +62 +6 +11 -78 +12 +704 +3 -853 +1,166 +138 — *Less than f>500,000, Form FR-283-U Released for publication Friday morning, May 33,1938; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) May 18. 1938 May 11. 1938 May 19. 1937 10,639,916 10,640,912 8 , 9*8 8,886 *1*.2** 11 ,063,108 *27.070 11,076,868 8,838,913 11,583 289.155 9,139,651 4,932 7,835 534 16,899 5,321 2.844 8,165 550 16,421 11,624 3.658 15,282 *,*75 22,523 657,253 1,191,905 71*.857 2,56*,015 657,253 1,191,905 714.857 2,564,015 732,608 1,152,213 6*1,*69 2,526,290 2,589,283 186 21,109 597,351 **,730 *6,7*6 2,589,151 170 19,973 527,996 44,730 46.396 2,568,570 228 21,*02 701,718 *5,788 *6,*6* 1*,362,513 14,305,28* 12,523,821 *,123,513 4,132,337 *,18*,*25 7,622,253 1,283,396 137,609 7,560,482 1,361,133 133,908 236.2*5 9,291,768 527,933 133,523 1*7,739 27,683 32,915 11.386 14,305,2.84 6,918,227 116,777 126,110 _ig2*222 7,285,0*7 705,826 132,199 1*5,85* 27,*90 35,939 7,0*1 12,523,821 ASSETS Geld certificates on hand and due from U. S. Treasury . . . Redemption fund - F. R. notes Otxier 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 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 . . . . . . . . . Total deposits . . . . . Deferred availability items Capital paid in . . . . . . Surplus (Section 7) . . . . Surplus (Section 3.3 b) . . . Reserve for contingencies . All other liabilities . . . TOTAL LIABILITIES 9,288,*91 597,7*2 133,575 1*7,739 27,683 32,880 10,890 1*,362,513 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 Commitments to make industrial advances 13,144- 12,700 17,311 82.5% 79.7% Form FR—283—b ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS OK MAI 18, 1938 (in thousands of dollars) A S S E T S Total Boston New lork Phila. Cleve* Rich* Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran* Gold certificates on hand and due from U. S. Treasury 10,639,916 584,762 4,565,333 537,699 8,948 Redemption fund - F.R. notes 259 1,717 579 414,244 39,452 92,278 26,077 Other cash 719,278 297,176 228,688 2,037,655 291,080 193,183 279,112 187,742 718,208 761 884 1,314 437 1,002 717 547 327 57,872 19,368 9,369 29,257 15,479 34,647 39,749 30,699 19,997 Total reserves 11,063,108 624.473 4,659,328 564,355 Bills discounted* Secured by U.S.Gov't obligations, direct or fully guaranteed 546 1,702 1,005 4,932 Other bills discounted 2,903 434 177 575 759,788 328,312 249,687 2,096,244 310,995 203,436 308,696 203,625 754,169 438 193 174 351 248 445 225 —— 631 51 912 525 24 1,448 693 19 71 225 68 677 ----- 4o 4o 62 13 202 178 136 363 288 4o 102 2 1,062 215 16 469 314 16 887 651 39 1,322 Total bills discounted 7,835 723 4l Bills bought in open market 534 Industrial advances 16,899 2,380 U. S. Government securities* Bonds 657,253 47,412 1,191,905 85,982 Treasury notes 714,857 51,568 Treasury bills 191,191 53,966 346,716 97,866 207,948 58,696 63,027 35,882 28,560 114,299 65,070 51,793 68,551 39,027 31,063 71,067 30,561 22,654 31,947 24,937 56,049 128,877 55,420 41,081 57,934 45,223 101,644 77,295 33,239 24,640 34,746 27,123 60,961 Total U.S. Gov’t securities 2,564,015 184,962 745,855 210,528 245,877 139,979 111,4-16 277,239 119,220 88,375 124,627 97,283 218,654 Total bills and securities 2,589,283 188,106 186 Due from foreign banks 12 480 F. R. notes of other banks 21,109 Uncollected items 597,351 58,391 Bank premises 44,730 2,982 46,746 2,874 All other assets 752,625 215,242 247,471 141,976 112,199 278,209 119,421 89,541 125,327 98,500 220,666 81 17 941 3,660 149,616 47,534 9,907 4,783 13,629 4,335 6 16 7 1,242 1,135 1,875 59,505 46,886 22,453 6,164 2,674 2,105 5,051 3,047 2,115 TOTAL ASSETS 2,136 199 4,435 1,580 56 3,078 3 158 21 2 2 5 5 3,368 2,608 1,200 1,727 299 79,886 27,888 15,251 32,113 25,522 4,548 2,325 1,518 3,130 1,282 4,342 1,922 1,677 2,049 1,682 12 2,574 32,306 3,312 4,023 14,362,513 877,318 5,588,846 837,207 1,079,130 524,1*4 390,440 2,466,618 465,161 312,625 473,047 330,9151,017,062 Form FR—283-c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON MAY 18, 1938 (in thousands of dollars) LIABILITIES Total Boston New York Phila. 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 Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 4,123,513 3*3,382 889,521 302,753 Cleve* Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. *08,655 188,712 145,301 7,622,253 386,773 3,552,533 393,5*7 *99,*16 1,283,396 49,158 628,28* *8,252 58,669 50,016 13,392 137,609 9,839 12,572 2*5,233 *,*17 199,960 1 ,20* 7,913 9,288,*91 *50,187 *,*30,793 *56,395 578,570 597,7*2 59,305 1*6,538 *5,036 58,993 50,961 12,258 133,575 9,*05 13,367 13,*66 1*7,739 9,900 51,9*3 1*,323 27,683 2,87* 7,7** *,*11 1,007 1,448 32,880 8,210 2,000 3,177 10,890 888 817 3,136 1,038 962,955 175,797 136,465 165,042 77,998 211,271 160,252 1,21*,257 192,8*9 109,901 218,34* 51,092 *2,*65 1*3,8*2 *6,777 36,821 *2,057 16,261 *,099 3,1*3 3,963 5,876 *,783 1,688 5,500 2,259 5,858 2,628 268 27*,097 210,128 1,376,0*8 2*9,225 152,12* 26*,632 82,209 29,*11 1*,502 33,035 46,159 21 9*0 13 ,1*1 3,903 2,903 *,1*7 *,950 *,**5 *,96* 5,626 22,387 *,667 3,153 3,613 730 3,409 1,*29 5*5 1,001 1 1*2 1,401 1,603 7,201 1,215 1,915 93* 1,248 398 452 562 502 667 , , 161,685 **,78* 3,963 2.093 212,525 29,150 3,9*6 3,892 1,270 1,776 358 326,932 521,*25 91,195 9,702 11,**5 633,767 31,*6* 10,1*9 9,805 2,121 2,000 82* TOTAL LIABILITIES 1*,362,513 877,318 5,588,846 837,207 1,079,130 524,l4* 390,440 2,466,618 465,161 312,625 *73,0*7 330,915 1,017,062 Contingent liability on bills purchased for foreign correspondents 1,357 98 *88 133 161 *1 96 125 58 *8 39 39 31 Commitments to make industrial advances 13,1*4 1,361 3,879 123 508 368 24* 277 1,553 1,700 178 2,953 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U. S. Government securities 7,835 534 16,899 2,56*,015 Within 15 days 16 to 30 days 31 to 60 days 61 to 90 days 6,198 *10 117 275 217,598 607 104 242 87 1,526 10*,311 4o6 937 193,239 237,770 226 91 days to 6 months 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 6,421 376,428 2,*53 577,569 595,105 373 1,813 135,644 3,068 126,351 Form FR—283-d FEDERAL RESERVE NOTE STATEMENT ON MAI 18, 1938 (In thousands of dollars) Total Boston New lork Phila. Cleve. Rich» Atlanta Federal Reserve notes* Issued to F.R.bank by F.R.agent 4,411,710 370,772 Held by Federal Reserve bank 288,197 27,390 In actual circulation 4,123,513 3*3,382 Chicago St.Louis Minn# Kans.Cy. Dallas San Fran. 980,579 320,112 432,725 198,438 4-60,515 91,058 17,359 24,070 9,726 15,21* 987,5*6 189,9*8 140,924 173,788 85,362 371,001 24,591 14,151 *,*59 8,746 7,36* **,069 889,521 302,753 *08,655 188,712 1*5,301 962,955 175,797 136,465 165,0*2 77,998 326,932 Collateral held by agent as secu rity for notes issued to bank: Gold certificates on hand and due from U. S. Treasury *>535,632 390,000 1,000,000 337,000 *36,000 203,000 l6*,000 1,000,000 192,632 1*3,500 177,000 88,500 404,000 Eligible paper 6,865 693 2,024 1,243 478 450 485 225 102 205 313 647 Total collateral *,5*2,*97 390,693 1 ,002,02* 338,2*3 *36,*78 203,*50 16*,*85 1,000,225 192,632 1*3,602 177,205 88,813 *0*,6*7
@FedFRASER