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Form îKr-283 STATEMENT BOR THE PRESS Board of Governors of the Federal Reserve System November 10, 1938 Released for publication Friday morning, Nov. 11; not earlier* CONDITION OF FEDERAL RESERVE BANKS During the week ended November 9 member bank reserve balances decreased $140,000,000. Reductions in member bank reserves arose from increases of #58,000,000 in money in circulation, $10-4,000,000 in nonmember deposits and other Federal Reserve accounts and $2,000,000 in Treasury deposits with Federal Reserve banks and a decrease of $13,000,000 in Reserve bank credit offset in part by a decrease of $14,000,000 in Treasury cash and increases of $20,000,000 in gold stock and $3,000,000 in Treasury currency. Excess reserves of member banks on November 9 were estimated to be approximately $3,130,000,000, a decrease of $90,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended November 9, 1938, were as follows» Increase or decrease since Nov. 9, 1938 Nov* 2, 1938 Nov. 10, 1937 (in millions of dollars) Bills discounted 8 Bills bought 1 U. S. Government securities 2,56-4 Industrial advances (not including 13 million commitments - November 9) 15 Other Reserve bank credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F.R. banks Nonmember deposits and other F, R. accounts 13 2 + 2 7 — — — — -18 2,569 14,091 2,755 8,546 6,7642,737 578 790 - 12 - “ + + 13 20 3 7 + 1,302 + l44 - l4o + 1,667 + 200 — 911 + 439 + 44 + 58 - 14 + 2 + io4 4 14- Form FR-283-a Released for publication Friday morning, November 11^1938$ not earlier* ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov, 9, ..W S U Nov, 2, 1938 Nov. 10 , 1937 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R, notes Othor 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 11,317,698 9,071 351.798 +29,998 + 930 —l6.4o4; +2,192,807 - 310 +45.790 11,678,567 +14,524 +2,238,287 4,680 3.12Q 7,800 54-5 15,163 -222 -10,031 - 56 -278 -13,176 + A + 15 - 2,287 - 4,169 +49,254 + 6,102 .-27,931 787,327 1,164,565 612.123 2,564,015 — +27,425 2,587,523 176 22,447 556,371 44,203 49.544 -259 •M* 4 +539 -65,093 + 1 + 627 + 7,793 + 3 - 2,980 -82,476 - 1,162 + 7.824 14,938,831 -49,665 +2,167,289 F. R. notes in actual circulation Deposits 1 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 4,355,754 +35,998 +78,335 8,546,166 577,766 218,033 312.482 9,654,447 575,025 134,003 147,739 27,683 32,707 11^73. -139,820 + .1,822 +16,761 +87*637 -33,600 —52,620 + 11 + 546 +1,666,763 + 438,529 - 54,709 + 102,603 +2,153,186 - 67,746 + 1,462 + 1,885 + 68 - 3,035 + 3*134 TOTAL LIABILITIES 14,938,831 —49,665 +2,167,289 TOTAL ASSETS LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined Contingent liability on bills purchased for foreign correspondents 83*4$ Commitments to make industrial advances 13,318 324 — — — + *1% — +3*3$ -2,262 -2 - 204 Form FR—283—b ASSETS M D LIABILITIES OF THE FEDERAL RESERVE BANKS Oil NOVEMBER 9, 1938 (in thousands of dollars) A S S E T S Total Boston New York Phila. Gold certificates on hand and due from U.S.Treasury 11,317,698 655,619 4,754,358 520,984 Redemption fund 501 874 9,071 502 Other cash 351,798 37,909 102,893 29,270 Total reserves 11,678,567 694,029 4,058,125 550,756 Bills discounted* Secured by U.S.Gov*t obligations, direct or fully guaranteed 4,680 Other bills discounted 3,120 Total bills discounted 7,800 32 — 32 41 2,242 Bills bought in open market 545 Industrial advances 15,163 U. S. Government securities* Bonds 787,327 59,255 Treasury notes 1,164,565 87,647 Treasury bills 612,123 46,069 2,278 322 2,600 216 3,632 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 720,336 362,024 271,047 2,133,294 334,381 245,761 317,652 209,358 792,884 1,064 1,292 636 432 912 568 228 209 1,853 18,749 12,954 27,504 17,232 24,087 11,413 9,199 13,335 47,253 745,487 382,065 282,669 2,180,979 352,525 255,596 331,555 222,‘540 208 822,241 857 529 266 99 153 412 110 101 155 128 187 882 137 107 278 110 134 254 1,386 520 209 565 211 363 315 1,016 244 339 55 3,048 50 639 23 1,460 19 152 67 415 2 43 2 1,037 16 396 16 799 38 1,300 61 250,391 68,403 370,360 101,177 194,671 53,181 79,168 36,947 32,096 117,101 54,649 47,473 61,551 28,725 24,953 34,870 32,792 17,446 34,774 28,943 125,535 4S,504 25,805 51,438 42,812 65,984 25,495 13,564 27,036 22,503 62,242 92,064 48,391 Total U.S.Gov't securities 2,564,015 192,971 815,422 222,761 257,820 120,321 104,522 276,389 106,791 56,815 113,248 94,258 202,697 Total bills and securities Due from foreign banks F.R.notes of other banks Uncollected items Bank premises 411 other assets 2,587,523 195,286 821,870 227,250 259,029 122,013 105,258 277,082 107,199 58,169 114,676 95,317 204,374 176 13 481 22,447 556,371 54,114 44,203 2,954 49,544 3,195 64 18 6l4 3,472 126,559 38,414 9,808 4,720 15,451 4,629 TOTAL ASSETS 17 1,296 59,364 6,o4l 5,487 8 6 2,612 1,688 53,734 £4,948 2,634 2,083 2,268 2,885 22 2,618 79,347 4,499 4,692 2 5 1,826 1,362 25,069 16,857 28,992 2,301 1,539 3,097 1,848 1,300 1,965 3 3,068 5 409 23,366 1,267 1,792 13 3,001 25,607 3,260 4,032 14,938,831 950,072 5,835,349 826,401 1,076,721 565,951 418,920 2,549,239 492,013 335,289 481,652 344,696 1^62,528 Form FR—283—c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 9, 1938 (in thousands of dollars) L IA B I L I T I E S Total Boston New York Cleve. Phila. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 978,245 181,785 134,945 169,157 81,163 F.R,notes in actual circulation 4,355,754 378,622 991,040 312,394 Deposits t Member bank - reserve account 8,546,166 437,245 4,252,888 379,291 U.S.Treasurer - General account 577,766 40,899 101,027 31,428 Foreign bank 218,033 15,699 78,266 21,368 Other deposits 312,482 4,584 161,571 8,437 416,779 209,965 149,361 479,396 232,470 177,770 1,248,795 226,704 118,202 229,558 177,485 58,545 37,615 41,687 78,108 33,230 49,874 32,938 37,318 20,060 9,376 7,632 25,948 6,542 5,015 6,323 6,323 11,5-34 2,483 5,512 85,529 5,508 2,202 891 2,802 586,362 35,097 15,481 21,429 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 569,535 281,944 232,601 1,438,380 271,984 175,293 269,710 223,928 57,514 58.838 23,895 87,033 27,478 15,537 32,502 28,409 13,296 3,924 2,906 4,195 3,948 4^998 4,471 13,390 4,964 5,626 22,387 4,667 3,153 3,613 3,892 14,323 1,4-29 545 1,001 1,142 1,270 1,007 3,409 730 7,063 1,215 1,880 935 1,776 3,176 1,401 1,603 1,406 415 574 398 310 997 432 733 658,369 26,591 10,347 9,805 TOTAL LIABILITIES 9,654,447498,427 4,593,752 440,524 575,025 48,568 128,241 4o,4l9 134,003 9,412 50,903 12,213 147,739 9,900 51,943 13,466 27,683 2,8747,744 4,4n 32,707 1,448 8,210 ,0002 974 11,473 821 3,516 352,398 23 116 32 30 14 11 39 10 8 9 9 23 1,341 3,505 250 1,470 1,646 172 13 587 226 576 50 3,482 MATURITY DISTRIBUTION OF BILLS Al© SECURITIES Total 897 14,938,831 950,072 5,835,349 826,401 1,076,721 565,951 418,920 2,549,239 492,013 335,289 481,652 344,696 1,062,528 Contingent liability on bills purchased for foreign correspondents 324 Commitments to make industrial advances 13,318 Bills discounted Bills bought Industrial advances U.S.^Government securities 2,121 2,000 7,800 545 15,163 2,564,015 Within 15 days 5,353 198 1,338 95,810 16 to 30 days 967 _ _ 308 110,523 31 to 60 days 530 264 947 174,968 61 to 90 days 367 83 463 175,847 91 days to 6 months 6 months to 1 Year 554 — 1,806 138,541 1 Year to 2 Years n-r T 29 — 3,463 155,663 2 Years to Over 5 Years 5 Years — 4,689 398,744 ----2,149 607,337 706,582 Fona FR -283-d FEDERAL RESERVE NOTE STATEMENT OK NOVEMBER 9, 1938 (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 Minn. Kans.Cy, Dallas San Fran, 4,6l6,9o4 392,203 1,079,355 325,391 438,856 219,108 160,245 261,150 13,581 88,315 12,997 22,077 9,14-3 10,984 999,00-4 201,351 133,713 178,379 88,621 395,678 20,759 19,566 3,760 9',222 7,458 43,280 4,355,754 378,622 978,245 181,785 134,945 169,157 991,o4o 312,394 416,779 209,965 149,261 81,163 352,398 Collateral held by agent as securrity for notes issued to banki Gold certificates on hand and due from U.S.Treasury Eligible paper Total collateral 4,683,000 400,000 1,092,000 327,000 442,000 225,000 164,000 1,010,000 207,000 l4l,500 180,000 90,500 404,000 6,936 32 2,495 1,001 320 209 538 211 363 188 998' sAl 340 4,689,936 400,032 1,094,495 328,001 442,320 225,209 164,53" 1,010,211 207,363 14-1,688 180,998 90,7-41 4o4,34o
@FedFRASER