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Form FR-283 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 2, 1940 Released for publication Friday morning, May 3; not earlier* CONDITION OF FEDERAL RESERVE BANKS During the week ended May 1 member bank reserve balances decreased $13,000,000. Reductions in member bank reserves arose from increases of $50,000,000 in money in circulation* $20,000,000 in 'Treasury deposits vath Federal Reserve banks, and $20,000,000 in non»«ber deposits and other Federal Reserve accounts, offset in part by a decreo.se of $12,000,000 in Treasury cash and increases of $63,000,000 in gold stock and $3,000,000 in Treasury currency. Excess reserves of member banks on May 1 v/ere estimated to be approximately $6,110,000,000,-' a decrease of $10,000,000 for the week* Changes in member bank reserve balances and related items during the v/eek and the year ended May 1, 1940, v/ere as follows 1 Increase or decrease since May 1, 1940 April 24, 1940 May 3, 1939 (in millions of dollars) Bills discounted Bills bought U. S. Gov't securities,direct and guaranteed Industrial advances(not including 9 million commitments - May l) Other Reserve bank credit 3 - 2,467 9 21 Total Reserve bank credit Gold stock Treasury currency 2,500 13,771 3,000 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F. R. accounts 12,870 7,570 2,293 490 1,049 + 1 - - 1 1 1 97 + 4 30 - 1 + 63 + 3 - 72 +2,970 + 149 13 +2,998 + 655 - 398 - + 50 12 + 20 + 20 - - M6 + 240 Form KR-283-a Released for publication Friday morning, May 3, 1940i not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since May 3, April 24, May 1, 1940 1939 1940 ASSETS Gold certificates on hand and 16,442,978 due from U. S. Treasury + 64,501 +3,323,260 + + 9,640 500 1,817 Redemption fund - F. R. notes 9,663 + 16,456 Other cash 379,962 - Total reserves Bills discounted! Secured by U. S. Gov't obligations, •direct and guaranteed Other bills discounted Total bills discounted Bills bought in open market Industrial advances U.S. Government securities. direct and guaranteed* Bonds Notes Bills Total U. S. Government securities, direct and guaranteed 16,832,580 621 2,047 2,668 + 55,338 178 118 296 + + + +3,341,533 — + - - 9,333 585 - - + 1,337,495 1,129,225 - 2,466,720 - - — Mi - 1,152 330 822 562 3,478 426,405 46,884 476,816 97,295 Total bills and securities 2,478,721 289 Due from foreign banks F. R. notes of other banks Uncollected items Bonk premises Other assets 47 21,751 688,329 41,533 59,524 362 + 49,608 88 + 379 + 20,122,485 +104,586 +3,327,614 4,945,500 + 26,997 + 480,496 13,118 + 20,132 19,190 + 39,617 + 27,44-1 +2,997,776 446,165 + 131,556 + 107,655 +2,790,822 + 48,098 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 R. note liabilities combined Commitments to make industrial advances 12,869,916 490,106 357,212 435,912 14,153,146 667,041 4,064 19,769,751 136,113 151,720 26,839 38,062 20,122,485 88.1% 9,225 - - - - - - + 50,580 502 +104,516 - 12 — — — — + 82 +104,586 — + + + - 102,157 113 2,113 78,424 1,016 8,830 - 455 +3,318,961 - + 1,115 2,568 42.5 + 5,395 +3,327,614 + - — + 500 - 2.9% 2,497 Form FR-2o'3~b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAI 1, 1940 (In thousands of dollars) A S S E T S Total Boston New York Gold certificates on hand and due from U.S. Treasury 16,442,978 Redemption fund - F.R.notes 9,640 Other cash 379,962 888,133 8,221,053 380 1,559 31,570 105,899 904,183 1,032,549 416,966 307,959 2,559,398 361,456 233,662 356,52.3 2.32,259 568 370 616 280 748 601 1,192 574 771 47,726 17,089 9,594 19,350 15,684 29,482 25,533 23,282 21,104 928,837 I,4FI 33,649 Total reserves 920,083 8,328,511 934,535 1,058,683 441,440 32.9,637 2 607,895 379,113 243,872 376,153 248,691 963,967 16,8^2,580 Bills discounted: Secured by U. S. Gov't obligations, direct and guaranteed 621 Other bills discounted 2,047 Phila. Cleve, Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 77 270 590 30 130 13 130 40 113 19 106 54 128 25 140 30 62 5 243 35 270 2.668 77 860 I60 143 153 125 182 165 92 248 305 23 13 5_ 158 Industrial advances 9,333 U. S. Government securities, direct and guaranteed: Bonds 1,337,495 Notes 1,129,225 1,199 2,028 2,708 353 910 301 339 60 172 111 479 673 97,529 02,343 400,969 338,532 106,802 90,170 136,778 68,248 56,495 146,385 115,478 57,622 47,700 123,590 61,325 4.0,271 61,738 51,517 51,775 34,000 52,123 43,495 109,438 Total IT.. S. Gov't securities. direct and guaranteed 2.466,720 179,872 739,501 196,972 252,256 125,870 104,195 269,975 113,100 74,271 113,861 95,012 201,835 lol,l48 742,389 199,840 18 1,584 168,013 9,821 17,095 5 910 53,749 4,530 4,711 270,496 113,325 74,535 114,220 95,796 * 6 1 1 1 708 1,708 749 1,539 3,213 96,423 29,214 17,570 31,702 24,831 2,268 1,386 3,367 3,181 1,153 2,601 1,835 6,172 2,654 2,566 202,666 3 848 66,641 2,871 4,026 252,752 126,933 104,621 2 2 4 1,672 3,994 2,598 81,766 53,516 30,606 5,498 2,519 2,019 6,668 3,467 2,475 Total bills discounted Total bills and securities 2,478,721 Due from foreign banks 47 F. R. notes of other banks 21,751 Uncollected items 688,329 Bank premises 41,533 Other assets 59,524 TOTAL ASSETS 4 2,228 34,298 2,920 5,254 20,122,485 1,175,620 9,267,431 1,198,280 1,407,043 631,871 471,958 2,987,572 528,230 339,947 529,450 373,746 1,211,337 *Less than $500. Form FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ONAPRIL24,1940 (in thousands of dollars) L I A B I L I T I E S Total F. R. notes in actual circulation 4,945,500 Deposits: Member bank—reserve acct, 12,869,916 U.S.Treasurer-General acct. 490,106 Foreign bank 357,212 Other deposits 435,912 Total deposits 14,153,146 Deferred availability items Other liabilities including accrued dividends TOTAL LIABILITIES C A P I TAL Boston New York Phila. 405,301 1,289,308 345,472 452,834 218,645 160,356 1,088,560 192,777 142,507 182,466 79,959 387,315 627,747 7,055,987 20,193 167,353 25,628 126,259 6,656 350,668 692,572 22,153 35,104 13,769 765,069 294,504 225,799 1,656,493 249,989 131,255 264,018 213,489 31,106 29,160 23,938 52,998 28,271 28,049 29,641 28,156 33,312 15,402 12,537 42,984 10,746 7,880 10,388 10,746 8,839 6,428 6,531 5,059 6,825 5,688 __ 1,706 _ 5,806 692,994 29,088 680,224 7,700,267 763,598 838,326 345,494 268,805 1,757,534 295,831 172,872 305,753 258,197 766,245 667,041 65,248 154,623 56,012 4,064 4l6 1,108 384 Cleve. Rich. Atlanta 82,231 52,287 29,808 460 130 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 96,055 166 491 28,582 15,228 30,558 24,195 112 166 257 26,226 7*937. 32,214 228 146 19,769,751 1,151,189 9,145,306 1,165,466 1,373,851 616,556 459,135 2,942,640 517,302 330,773 519,034 362,497 1,186,002 A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 136,113 151,720 26,839 38,062 9,336 10,405 2,874 1,816 51,049 53,326 7,109 10,641 11,911 14,198 4,393 2,312 14,013 14,323 1,007 3,849 5,276 5,247 3,246 1,546 4,632 5,725 713 1,753 13,624 22,824 1,429 7,055 4,122 4,709 538 1,559 2,955 3,152 1,001 2,066 4,377 3,613 1,142 1,284 4,111 3,974 1,266 1*898 10,707 10,224 2,121 2^28J_ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 20,122,485 1,175,620 9,267,431 1,198,280 1,407,043 631,871 471,958 2,987,572 528,230 339,947 529,450 373,746 1,211,337 Commitments to make industrial advances 9,225 330 849 1,145 1,182 713 516 18 179 58 A57 - 3,778 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted 2,668 Industrial advances 9,333 U. S. Government securities, direct .and guaranteed 2,466,720 Within 15 davs 927 1,437 16 to 30 days 1,059 77 31 to 60 days 224 244 61 to 90 days 189 646 91 days to 6 months 262 1,413 6 months to 1 Year 7 1,329 224,796 1 Year to 2 Years 2 Years to 5 Years 2,012 2,175 248,417 731,708 Over 5 Years 1,261,799 Form FR-283-d. FEDERAL RESERVE NOTE STATEMENT OH MAY 1, 1940 (in thousands of dollars) Total Boston 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.agent Held by Federal Reserve bank 5,246,984 419,046 1,386,4-26 362,503 474,951 234,476 173,345 1,129,275 202,923 145,814 190,525 86,2.40 441,460 301,484 13,745 97,118 17,031 22,117 15,831 12,989 40,715 10,146 3,307 8,059 6,281 54,145 In actual circulation 4,945,500 405,301 1,289,308 345,472 452,834 218,645 160,356 1,088,560 192,777 142,507 182,466 79,959 387,315 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 5,374,500 440,000 1,405,000 375,000 479,000 250,000 180,000 1,140,000 209,000 147,500 195,000 90,000 464,000 1,059 77 433 62 - 110 - - 90 70 217 - 5,375,559 440,077 1,405,433 375,062 479,000 250,110 180,000 1,140,000 209,090 147,570 195,217 90,000 464,000
@FedFRASER