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Form FR-283 STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System May 4, 1939 Released for publication Friday morning, May 5; not earlier. CONDITION OF FEDERAL RESERVE BANKS During the week ended May 3 member bank reserve balances decreased $31,000,000* Reductions in member bank reserves arose from increases of $55 ,000,000 in money in circulation, $37*000*000 in nonmember deposits and other Federal Reserve accounts, $23,000,000 in Treasury deposits with Federal Reserve banks and a decrease of $8,000,000 in Reserve bank credit, offset in part by increases of $87,000,000 in gold stock and $2,000,000 in Treasury currency and a decrease of $2,000,000 in Treasury cash. Excess reserves of member banks on May 3 were estimated to be approximately $A,080,000,000, a decrease of $40,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended May 3, 1939, were as follows: Increase or decrease since May 3, 1939 April 26, 1939 May 4, 1938 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 12 million commitments) 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. banks IJoilmenber'""deposits and other F. R. accounts 5 3 1 2,564 — — - A 8 13 —9 8 2,572 15,801 2,851 8 + 37 4- 2 17 +2,931 9,872 6,915 2,691 936 809 31 + 55 2 + 23 + 37 + 2 , 3 6 8 + + 1 5 8 5 0 8 + 495 - 493 + 193 Form FR—283-a Released for publication Friday morning, May 5, 3.939; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since April 26, 1939 May 4, 1938 13,119,718 7,823 363,506 + 89,002 - 523 -18,387 +2,478,306 - 563 - 71,370 13,491,047 + 70,092 +2,406,373 May 3, 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 1,773 1,717 3,490 562 12,811 + + 363 89 + 452 — . - A80 — 911,090 1,176,109 476,816 - 3 , 6 0 6 - 1,096 - 4,702 + 12 - 3,987 +253,837 - 15,796 -238,041 — — Total U. S.Government securities 2,564,015 Total bills and securities 2,580,878 160 19,638 609,905 42,549 50,694 -1,338 +29,388 - 50 + 296 - 8,677 10 - 3,367 +59,413 - 2,168 + 5,480 16,794,871 +98,360 +2,457,044 F. R. notes in actual circulation DepositsJ Member bank - reserve account U. S, Treasurer - General account Foreign bank Other deposits 4,465,004 +31,615 +317,007 9,872,140 936,271 225,656 328,257 -30,669 +23,361 - 1,300 +38,799 + 2 , 3 6 8 , 5 1 0 Total deposits Deferred availability items Other liabilities including accrued dividends 11,362,324 618,943 +30,191 +36,884 +2,076,581 + 67,360 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS — — 28 — LIABILITIES TOTAL LIABILITIES 4,519 16,450,790 CAPITAL ACCOUNTS Capital paid in 134,998 Surplus (Section 7) 149,152 Surplus (Section 13b) 27,264 Other capital accounts 32,667 TOTAL LIABILITIES AlID CAPITAL ACCOUNTS 16,794,871 Ratio of total reserves to deposit and F.R. note liabilities combined 85.2$ Contingent liability on bills purchased — for foreign correspondents Commitments to make industrial advances 11,722 - 55 - +98,635 + 26 - 301 +98,360 + .1% — - - 492,422 + 99,982 + 100,511 27 284 +2,460,664 + 1,516 + 1,413 419 , - 6 , 1 3 0 , +2,457,044 +2*7$ - 1,357 - . 956 Form FR-283~b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAI 3, 1939 (In thousands of dollars) ASSETS Total Gold certificates on hand and due from U.S. Treasury 13,119,718 Redemption fund - F.R. notes 7,823 Other cash 3 6 3 , 5 0 6 Total reserves 13,491,047 Bills discountedi Secured by U.S.Gov't obligations, direct or fully guaranteed 1,773 Other bills discounted 1,717 Boston New York 742,223 8 2 0 29,671 Phila. 635,423 1,159 484 91,246 30,973 6 , 2 6 3 , 3 1 8 772,714 6,355,723 666,880 77 78 972 175 274 — Gleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy, Dallas San Fran. 312 470 577 8,467 19,394 15,994 775,372 1,380 33,322 845,710 367,407 283,661 2,273,094 323,192 246,222 330,770 215,600 810,074 3 4 2 , 7 0 8 262,493 586 2 1 0 436. 24,940 24,263 20,958 8 2 0 , 1 8 4 96 41 60 175 137 52 362 235 24 1,175 5 1 0 2 , 2 2 3 , 3 1 6 3 0 6 , 8 0 3 668 721 48,557 15,721 45 33 > * 2 3 7 , 2 8 5 85 50 32 85 3 5 82 2 792 • 3 1 1 , 0 6 4 42 1 9 9 , 0 2 9 3 6 6 99 330 53 392 408 16 213 429 16 604 445 4l 952 Total bills discounted ijAon Bills bought in open market 562 Industrial advances 12,811 U. S. Government securities: Bonds 911,090 Treasury notes 1,176,109 Treasury bills 476,816 67,984 87,759 35,579 256,538 73,522 331,160 94,907 134,259 38,478 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 3 6 , 3 4 6 131,706 56,958 35,708 6 0 , 6 1 3 46,916 53,395 23,092 14,476 24,573 19,021 76,830 99,176 40,209 Total U.S.Gov,t securities 2_.564_.015 191,322 721,957 206,907 253,398 134,227 116,422 2^7,127 124,173 77,844 132,140 102,283 216,215 Total bills and securities 2.580.878 Due from foreign banks 160 F.R.notes of other banks 19,638 Uncollected items 609,905 Bank premises 42,549 Other assets 50,694 193,236 12 667 60,556 2,926 3,267 726,444 209,834 16 60 3,400 929 152,788 45,581 8,972 4,657 14,702 4,279 253,949 135,661 117,273 5 7 15 1,884 1,459 1,379 68,061 49,051 22,916 2,062 5,971 2,595 5,561 3,205 2,255 287,733 124,266 78,720 132,777 103,332 20 2 2 5 5 414 4,079 1,692 674 1,257 O O 9 413 27,352 14,884 32,517 20,880 3,196 1,244 3,927 2,275 1,515 5,072 2,175 1,559 2,375 1,922 217,653 11 1,804 26,906 3,209 4,322 TOTAL ASSETS 155 42 1,717 1,147 218 3,122 274 57 2,596 15 2 0 8 1 6 78 71 457 16,794,871 1,033,378 7,262,089 932,176 1,180,726 559,305 430,056 2,662,338 480,954 >43,576 502,897 343,397 1,063,979 Form FR-283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON M Y 3, 1939 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 4,465,004 Deposits» Member bank-reserve account 9,872,140 U.S.Treasurer-General account 936,271 Foreign bank 225,656 Other deposits 328,257 381,772 1,099,633 314,846 416,446 195,403 149,876 76,668 349,179 471 ,972 5,344,861 464,136 72,918 209,397 46,925 16,196 81,014 21,820 5,344 259,676 4,762 563,324 66,176 16,196 14,949 Total deposits 11,362,324 Deferred availability items 618,943 Other liabilities including accrued dividends 4,519 566,430 5,894,948 537,643 60,989 147,099 47,064 523,226 249,497 187,474 1,326,898 204,768 123,220 230,792 181,972 172,660 45,244 47,452 42,501 41,239 20,920 9,673 5,174 6,524 6,524 27,219 6,523 7,873 8,675 1,809 7 , 6 8 3 8 , 6 8 3 3,096 4,999 6 , 2 0 9 2,372 662,929 300,905 244,755 1,529,873 261,534 182,055 288,500 232,107 68,487 48,140 22,711 94,189 28,304 15,518 33,661 23,536 415 1,488 470 993,315 180,566 136,772 170,528 110,108 39,926 41,725 420 134 194 492 166 108 269 660,645 29,245 131 2 3 2 16,450,790 1,009,606 7,143,168 900,023 1,148,282 544,582 417,536 2,617,869 470,512 334,511 492,958 332,442 1,039,301 TOTAL LIABILITIES CAPITAL A C C O U N T ;S 134,998 Capital paid in 13,686 5,075 50,888 12,062 9,4oO 4,008 13,677 3,972 2,912 4,246 4,515 10,557 Surplus (Section 7) 149,152 10,083 52,463 13,696 22,666 4,685 5,630 3,892 14,323 4,983 9,965 3,153 3,613 Surplus (Section 13b) 27,264 2,874 7,457 4,416 1,007 3,293 1,429 545 1,142 1,266 1 , 0 0 1 2,121 713 Other capital accounts 32,667 3,428 1,372 1 , 6 6 2 6,697 1,240 1,415 1,999 938 1,789 8,113 1,979 2,035 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 16,794,871 1,033,378 7,262,089 932,176 1,180,726 559,305 430,056 2,662,338 480,954 343,576 502,897 343,397 1,063,979 . Commitments to make industrial — advances 11,722 758 2,281 1,553 1,496 1,049 150 191 73 599 653 2,919 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U. S. Government securities Total Within 15 days 16 to 30 days 3,490 562 12,811 2,564,015 2,280 180 1,670 86,005 163 202 96 85,813 31 to 60 days 61 to 90 days 355 343 28 152 1,042 725 152,680 126,468 91 days to (S months 6 months to 1 Year 320 • — 1,285 96,316 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 29 — 4.489 259,116 — 1,779 349,578 — 1>725 577,.294 — 830,345 Form FR—283-d FEDERAL RESERVE NOTE STATEMENT Oil MAY 35 1939 (In thousands of dollars) Total Boston lieu York Fhila. Federal Reserve notes: Issued to F.R.bank by F.R.agent Held by Federal Reserve bank In actual circulation 4,739,164 403,686 274,160 21,914 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 328,217 436,547 207,302 162,058 1,022,950 193,055 140,240 177,100 82,476 394,895 91,005 13,371 20,101 11,899 12,182 2 9 , 6 3 5 12,489 3,468 6,572 5,808 45,716 1 , 1 9 0 , 6 3 8 4,465,004 381,772 1,099,633 314,846 416,446 195,403 149,876 993,315 180,566 136,772 170,528 76,668 349,179 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 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 3,361 146 1,134 274 137 225 10 79 35 66 403 418 434 4,875,861 420,146 1,211,134 345,274 439,637 215,225 169,010 1,035,079 196,035 143,566 180,403 85,918 434,434
@FedFRASER