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Form FR--283 STATEMENT FOR THE Released for publication Friday morning, May 27; not earlier. PRESS Board of Governors of the Federal Reserve System May 26, 1938 CONDITION OF FEDERAL RESERVE BANKS During the week ended May 25 member bank reserve balances increased #9*4,000,000. Additions to member bank reserves arose from decreases of $9,000,000 in money in circulation and #100,000,000 in Treasury deposits with Federal Reserve banks and increases of $13,000,000 in gold stock and $4,000,000 in Treasury currency, offset in part by increases of 022,000,000 in Treasury cash and 04,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $6,000,000 in Reserve bank credit. Excess reserves of member banks on May 25 were estimated to be approximately ¡$2,630,000,000, an increase of $70,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended May 25, 1938, were as follows: Increase or decrease since May 25 1938 May 18 1938 May 26 1937 (in millions of dollars) Bills discounted 9 Bills bought 1 2,564 tJ. S. Government securities Industrial advances (not including 13 million commitments - May 25) 17 SIt Other Reserve bunk credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F, R. accounts +1 -7 -5 +38 --7 -5 +6 2,583 12,905 2,701 -6 +13 +4 +26 +928 +155 7,716 6,393 2,2-48 1,183 648 +94 -9 +22 -100 +4 +772 “6 -892 +1,103 +131 — — Form FR-2o3~a Released for publication Friday morning, May 27,1938; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars), May 25. 1938 May 18. 1938 May 26. 1937 10,639,417 8,881 411.9Q1 11,060,201 10,639,916 8,948 414.244 11,063,108 8,838,4l4 11,341 296.310 9,146,065 5,661 3.007 8,668 534 16,7a 4,932 ___ 2*902 7,835 534 16,899 657,253 1,191,905 714.857 2,564,015 657,253 1,191,905 714.857 2,564,015 732,608 1,152,213 641.469 2,526,290 2,589,988 186 20,427 527,851 44,695 47.547 2,589,2$3 186 21,109 597,351 44,730 46,746 2,570,655 228 21,615 604,558 45,776 47,202 14,290,895 14,362,513 12,436,099 4,116,875 4,123,513 4,184,042 7,716,352 1,182,761 133,118 . „ 2£hM4 9,286,075 534,887 133,575 147,739 27,683 32,880 __ j g u m 7,622,253 1,283,396 137,609 .24^222 9,288,491 597,742 133,575 147,739 27,683 32,880 10.890 6,943,597 80,486 124,o4l ..126,72^ 7,284,849 618,046 132,202 145,854 27,490 35,939 7.677 14,290,895 14,362,513 12,436,099 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 • All other assets .............. . TOTAL ASSETS . . ........ _ 12,326 .i*m 15,698 6,260 22,407 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 i n « * » « . . . . . . . Surplus (Section 7) . . . . . . . . . Surplus (Section 13 b) • • « . . « • « Reserve for contingencies ........ All other liabilities • • . . . . . . TOTAL LIABILITIES ........... Ratio of total reserves to deposit and F. R. note liabilities combined • Contingent liability on bills pur chased for foreign correspondents . • 82.5^ l,46o 1,357 1,532 Commitments to make industrial advances 13,260 13,144 17,188 82.5% 79.7% Form FR-283-b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON MAY 25, 1938 (In thousands of dollars) A S S E T S Total Boston New York Phila, Gold certificates on hand and due fron U. S. Treasury 10,639,417 580,571 4,602,745 534,673 Redemption fund - F.R.notes 8,881 228 1,600 532 Other cash 93,972 24,714 411,903 38,979 Total reserves 11 ,060,201 619,778 4,698,317 559,919 Bills discounted* Secured by U.S.Gov*t obligations, direct or fully guaranteed 5,661 646 1,890 1,087 Other bills discounted 3,007 402 195 593 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 710,189 295,802 219,341 2,031,865 311,581 183,366 272,242 185,077 704 881 980 680 322 399 719 539 56,794 19,773 9,072 29,4o4 34,892 38,445 30,837 20,389 711,965 1,297 34,632 749,353 327,343 240,710 2,089,339 331,893 193,319 301,968 200,368 747,894 408 193 429 331 305 459 601 51 907 760 24 1,434 764 190 - — 70 10 58 62 13 232 187 247 378 283 80 120 2 1,082 245 16 468 434 16 885 661 39 1,320 84l 8,668 Total bills discounted Bills bought in open market 4i 534 Industrial advances 16,771 2,346 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 68,551 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^.19,220 88,375 124,627 97,283 218,654 Total bills and securities 2,589,988 188,190 Due fron foreign banks 186 12 F. R. notes of other banks 20,427 439 Uncollected items 527,851 50,380 Bank premises 44,695 2,982 All other assets 47,547 2,929 752,711 215,324 81 17 4,019 865 149,658 41,919 9,907 4,773 13,921 4,375 247,436 142,197 112,268 6 16 7 1,209 1,813 2,286 53,048 43,477 18,676 6,151 2,674 2,102 5,107 3,125 2,l40 278,174 119,461 89,579 125,356 98,618 21 2 2 5 5 476 3,024 2,212 1,055 1,018 66,858 21,721 13,824 24,215 21,331 4,548 2,324 1,519 3,130 1,282 4,428 1,950 1,703 2,090 1,697 220,674 TOTAL ASSETS 2,292 199 4,365 1,680 56 3,060 19 69 190 68 677 3 158 12 2,011 22,744 3,303 4,082 14,290,895 864,710 5,628,614 827,192 1,062,320 520,636 378,188 2,446,392 479,563 301,001 457,782 323,777 1,000,720 Form FR—283—c (In thousands of dollars) LIABILITIES Total Boston New York Phila. F.R.notes in actual circulation 4,116,875 352,597 887,376 Deposits* Member bank — reserve account 7,716,352 379,328 3,640,920 U.S.Treasurer — General account; 1,182,761 43,081 579,809 Foreign bank 47,742 133,118 9,590 253,844 4,847 204,112 Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES for foreign correspondents Commitments to make industrial advances Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Fran. 301,975 4o8,456 187,339 143,677 960,323 174,472 135,275 163,192 76,962 325,231 385,522 486,039 209,060 158,626 1,223,520 215,972 103,781 218,529 165,561 48,750 61,829 53,931 36,891 129,961 45,3^8 36,502 40,081 15,850 3,996 3,003 3,862 3,862 13,053 12,254 5,727 4,662 1,546 8,572 6,027 2,749 248 2,363 2,163 5,:'83 2,676 529,494 73,510 9,457 12,953 9,286,075 436,846 4,472,643 448,871 568,694 274,745 202,928 1,371,494 270,954 142,478 259,l4i 211,867 534,88? 50,805 146,591 4-5,309 52,231 43,348 18,495 69,101 23,330 13,725 25,080 23,681 133,575 9,405 50,960 12,258 13,368 4,950 4,445 13,141 3,9^3 2,903 4,147 3,946 147,739 9,900 51,943 13,466 14,323 4,964 5,626 22,337 4,667 3,153 3,613 3,892 7,744 4,4ll 27,683 2,874 545 1,001 1,142 1,270 1,007 3,409 730 1,429 32,880 1,448 8,210 2,000 3,177 l,4oi 1,603 7,201 1,215 1,915 934 1,776 11,181 3,147 6s4 1,064 902 480 1,316 835 427 551 383 533 625,4l4 25,l4l 10,149 9,805 2,121 2,000 859 14,290,895 864,710 5 ,628,6l4 827,192 1/362,320 520,636 378,188 2,446,392 479,563 301,001 457,782 323,777 1,000,720 irchased 1,460 143 174 524 42 104 42 134 63 51 105 44 34 13,260 1,348 4,160 128 1.,553 1,690 178 508 --------------- 277 368 92 2,958 MATURITY DISTRIBUTION OF BILI,S AMD SECÜR:ITIES Bills discounted Bills bought Industrial advances U. S. Government securities Total Within 15 days 16 to 30 days 31 to 60 days 8,668 534 16,771 2,564,015 6,986 75 1,472 95,524 359 117 274 252,711 184 613 104 238 367 923 232,997 173,696 61 to 90 days 91 days to 6 months 6 months to 1 Year 517 -1,853 133,634 9 — — 3,105 126,351 1 Year to 2 Years _ - 2 Years to 5 Years Over 5 Years _ - 6,733 376,428 -------------- 2,o44 580,569 592,105 Form FR—283-d FEDERAL RESERVE MOTE STATEMENT ON MAY 25, 1938 (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 In actual circulation 4,412,650 382,076 295,775 29,479 980,194 317,829 432,919 196,675 159,279 92,818 15,854 24,463 9,336 15,602 987,378 189,907 139,976 173,177 84,816 368,42.4 27,055 15,435 4,701 9,985 7,854 43,193 4,116,875 352,597 887,376 301,975 408,456 187,339 143,677 960,323 174,472 135,275 163,192 76,962 325,231 Collateral held by agent as secu rity for notes issued to bank* Gold certificates on hand and due from U. S. Treasury Eligible paper U. S. Gov't securities Total collateral 4,527,632 390,000 1,000,000 337,000 436,000 200,000 164,000 1,000,000 192,632 138,500 177,000 88,500 404,000 7,707 801 2,177 1,343 445 686 552 190 71 120433 235654 5,000 ------ -----—— -5,000 — — 4,540,339 390,801 1,002,177 338,343 436,445 200,686 164,552 1,000,190 192,703 143,620 177,235 88,933 4o4,654
@FedFRASER