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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, May 26 j not earlier. Board of Governors of the Federal Reserve System May 25, 1939 COUDITIOK OF FEDERAL RESERVE BANKS During the week ended May 24 member bank reserve balances increased $92,000,000* Additions to member bank reserves arose from decreases of $20,000,000 in money in circulation, $37,000,000 in Treasury cash and $12,000,000 in Treasury deposits with Federal Reserve banks, and increases of $35 ,000,000 in gold stock and $2,000,000 in Treasury currency, offset in part by an increase of $1-4,000,000 in nonmember deposits and other Federal Reserve accounts. Excess re serves of member banks on I.Iay 24 were estimated to be approximately $4,300,000,000, aii increase of $60,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended May 24, 1939, were as follows i Increase or decrease since May 24, 1939 Mav 17, May 25 ■ 193-8 _ (In millions of dollars) Bills discounted 4 Bills bought 1 U. S. Government securities 2,564 Industrial advances (not including 12 million commitments - May 24) 13 Other Reserve bank credit -5 Total Reserve bank credit Gold stock Treasury currency 2,576 15,927 2,859 Member bank reserve balances 10,097 Money in circulation 6,893 Treasury cash 2,646 Treasury deposits with P.P., banks 915 Uonmember deposits and other F. R, accounts 812 „ - 5 — —— - + 4 2 + 35 + 2 7 +3,022 + 158 + + +2,381 + 500 + 398 - 268 + 164 -1- . 92 20 37 12 14 Form FR—283-a Released for publication Friday morning, May 26, 1939; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since May 25, May 17, May 24, 1938 1939 ..122? . . 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 narket 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 13,282,718 9,372 382,078 + 59,988 — + 16.695 +2,643,301 + 491 -29,825 13,674,168 + 76,683 +2,613,967 2,207 1,848 + 539 98 4,055 561 12,825 + Va 1 29 - 3,454 ..-1*152 - 4,613 + 27 - 3,946 + — — --- 911,090 1,176,109 476,816 2,564,015 2,581,456 +253,837 - 15,796 -238,041 --- + 161 469 — - 8,532 25 620 + 66,035 19,807 593,886 42,523 ..,_JJLP92 + 357 - 89,457 29 + 921 “ 2,172 ....+„J5*M5 16,965,093 - 11,056 +2,674,198 4,446,379 - 16,970 +329,504 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 ACCOTOTS Ratio of total reserves to deposit and F. R. note liabilities combined Contingent liability on bills purchased 91,588 11,251 8,582 6,310 95,229 89,411 +2,380,270 -267,376 +148,423 .+ 22,383 +2,283,700 + 64,357 4,961 324 149 16,620,359 - 11,476 +2,677,412 134,948 149,152 27,264 33,370 55 — —— + 475 + 1,373 + 1,413 - 419 — 5*581 16,965,093 - 11,056 +2,674,198 10,096,62.2 915,385 281,541 276,227 11,569,775 599,244 85.4$ + + + + - + .1% + 2.9% Form FR-283-b STATELIEST OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAI 24, 1939 (In thousands of dollars) ASSETS Total Gold certificates on hand and due froE U.S. Treasury 13,282,718 Redemption fund - F.R.notes 9,372 Other cash 382,078 Total reserves 13,674,168 Bills discounted* Secured by U.S.Gov’t obligations, direct or fully guaranteed 2,207 Other bills discounted 1,848 Total bills discounted 4,055 561 12,825 Boston New Tork Phila. 739,731 6,415,549 637,756 731 29,620 1,863 99,890 32,080 770,082 6,517,302 670,218 260 87 1,048 280 303 347 26,625 23,027 19,601 52,119 18,330 815,873 369,536 280,597 2,303,194 335,882 255,621 337,470 223,149 795,244 25 1,328 328 II6 352 57 2,568 52 364 24 1,172 137 20 793 75 71 456 331,160 Total U.S.Gov’t securities 2 ,564,015 Total bills and securities 2,581,456 Due from foreign banks 161 F. R. notes of other banks 19,807 593,886 Uncollected items Bank premises 42,523 53,092 Other assets 1,325 36,687 40 35 67,984 87,759 35,579 757,232 9,721 17,711 16,667 115 22 218 3,208 Minn. Kans,Cy. Dallas San Fran. 788,266 345,559 260,353 2,250,489 316,936 245,444 319,482 205,921 982 950 643 586 616 456 277 56l 148 204 42 1,694 Rich. Atlanta Chicago St,Louis 73 43 Bills bought in open market Industrial advances U. S. Government securities: Bonds 911,090 Treasury notes 1 ,176,109 Treasury bills 476,816 TOTAL ASSETS 382 Cleve. — 25 80 26 31 445 56 239 53 417 25 2 5 106 476 470 2 798 16 218 295 16 599 41 950 256,538 73,522 94,907 134,259 38,478 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 76,830 116,233 61,570 53,403 191,322 721,957 206,907 253,398 134,227 116,422 287,127 124,173 77,844 132,140 102,283 216,215 193,405 12 191 56,891 2,926 3,451 726,711 209,860 61 16 3,412 897 148,137 41,260 8,975 4,657 15,338 4,554 253,930 135,775 117,372 5 7 15 1,364 1,899 2,274 69,655 49,094 20,280 5,955 2,595 2,058 5,795 3,333 2,367 287,729 124,205 78,750 132,850 103,193 2 2 20 5 5 2,796 1,900 1,199 1,382 498 86,061 27,146 15,158 30,010 22,049 3,927 2,275 1,515 3,196 1,244 2,023 5,321 2,288 1,618 2,485 217,676 11 1,995 28,145 3,200 4,519 90,042 47,696 41,369 99,176 40,209 16,965,093 1,026,958 7,419,936 931,462 1,152,587 562,239 424,953 2,689,043 493,698 353,863 507,398 352,161 1,050,790 Form FR—283~c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 24, 1939 (In thousands of dollars) LIABILITIES Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Total Boston New York Phila. F.R.notes in actual circulation.4,446,379 Deposits* Member bank-reserve account 10,096,622 U.S.Treasurer-General account 915,385 Foreign bank 281,541 Other deposits 276,227 379,806 1,097,794 316,005 415,687 191,500 148,753 75,867 347,253 477,827 5,517,012 463,415 62,092 236,755 46,123 20,275 100,422 27,315 4,879 200,64)0 5,451 529,213 249,484 181,557 1,342,163 219,308 131,684 234,870 183,621 71,269 44,316 44,675 186,349 42,016 49,427 44,674 46,370 26,188 12,108 9,856 34,073 8,166 6,476 8,166 8,166 4,350 4,909 5,742 8,689 2,097 11,097 1,699 7,658 566,468 41,319 565,073 6,054,829 542,304 57,794 1IS,532 40,427 637,767 307,607 243,746 1,566,935 274,399 193,329 296,399 240,254 88,621 28,410 16,126 30,907 24,906 66,206 48,221 19,700 647,133 31,394 Total deposits n , 569,775 Deferred availability items 599,244 Other liabilities including accrued dividends 4,9-61 457 1,771 508 465 138 988,423 180,274 135,182 169,835 472 197 123 139 281 San Fran, 20,330 19,016 142 268 TOTAL LIABILITIES 16,620,359 1,003,130 7,300,926 899,244 1,120,125 547,466 412,396 2,644;.,451 483,206 344,776 497,422 341,169 1,026,048 CAPITAL ACCOUNTS Capital paid in 134,948 50,856 12,057 13,652 5,074 4,516 9,397 13,679 3,983 2,913 4,247 4,010 10,564 Surplus (Section 7) 22,666 4,685 3,153 3,613 3,892 149,152 10,083 52,463 13,696 14,323 4,983 5,630 9,965 Surplus (Section 13b) 2,874 27,264 2,121 545 1,001 1,14-2 1,266 7,457 4,4l6 1,429 1,007 3,293 713 Other capital accounts 33,370 1,474 974 1,824 2,092 8,234 2,049 3,480 1,423 1,698 6,823 1,279 2,020 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Commitments to make industrial advances 16,965,093 1,026,958 7,419,936 931,462 1,152,587 562,239 424,953 2,689,048 493,698 353,863 507,390 352,161 1,050,790 11,635 Total Bills discounted Bills bought Industrial advances U. S. Government securities 4,055 561 12,825 2,564,015 732 Within 15 days 2,732 70 1,629 75,673 2,263 16 to 30 days — 598 190 634 79 2,923 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Over 1 Year 2 years to 6l to 91 days to 6 months 31 to to 1 Year to 2 Years 5 Years 5 Years 6 months 60 days 90 days 1,546 321 36O 147 69,520 190 743 138,060 — 1,478 159 301 985 150,623 1,042 150 467 — 1,475 113,406 — 16 4,253 259,116 1,755 349,978 — 1,838 577,294 —— ----- 830,345 Form F!R-28>-d FEDERAL RESERVE KOTE STATEMENT OK LIAY 24, 1939 (ln .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 Cleve. Rieh. Atlanta Chicago St.Louis Kinn. Kans.Cy. Dallas San Fran. 4,746,943 402,452 1,191,725 333,058 435,446 205,108 160,247 1,020,188 194,767 139,564 178,716 82,624 403,048 300,564 22,646 93,931 17,053 19,759 13,608 11,494 31,765 14,493 4,382 8,881 6,757 55,795 4,446,379 379,806 1,097,794 316,005 415,687 191,500 148,753 98 ,423 130,274 135,182 169,835 75,367 347,253 Collateral held by agent as se curity for notes issued to banks Gold certificates on hand and due from ü. 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 If»,000 85,500 434,000 3,941 332 1,285 303 1*6 352 I32 75 25 96 469 294 462 4,876,441 420,332 1,211,285 345,303 439,616 215,352 169,132 1,035,075 196,025 143,596 180,469 85,794 434,462
@FedFRASER