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Fora FR—283 STATEMENT FOR THE PRESS Released for publication Friday norning, Nov. 17; not earlier. Board of Governors of the Federal Reserve System November 16, 1939 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended l^ovenber 15 nenber bank reserve bal ances decreased $162,000,000. Reductions in nenber bank reserves arose fron increases of $216,000,000 in Treasury deposits with Federal Reserve banks and $72,000,000 in Treasury cash, and a decrease of $6,000,000 in Reserve bank credit, offset in part by decreases of $25,000,000 in noney in circulation and $7,000,000 in non— nenber deposits and other Federal Reserve accounts, and increases of $103,000,000 in gold stock and $4,000,000 in Treasury currency. Excess reserves of r.cr.ber banks on Novenber 15 were estimated to be approximately $5,170,000,000, a decrease of $180,000,000 for the week. The principal change in holdings of bills and securities was a decrease of $38,000,000 in United States Government securities, direct and guaranteed: hold ings of bills decreased $21,000,000, of bonds $9,000,000, and of notes $3,000,000. Changes in nenber bank reserve balances and related itens during the week and the year ended Novenber 15, 1939, were as follows» Increase or decrease since Nov, 15 , _1?J9,_ Nov. 8, .,.1219 ' llov. 16 , (in nillions of doll.ars) 6 Bills discounted — Bills bought U. S.Gov*t securities, direct and guaranteed 2,649 Industrial advances (not including 10 nillion con::d.tnents - Novenber 15) 12 Other Reserve bank credit 48 - 38 + 1 1 85 — + 32 + 3 45 Total Roserve bank credit Gold stock Treasury currency 2,715 17,2.35 2,939 - 6 + 4 + 125 +3,073 + 183 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F.P.. accounts 11,587 7,384 2,341 564 1,013 -162 - 25 + 78 +216 - 7 +2,860 + 652 - 380 + 20 + 229 +103 As Thursday, November 23, will be observed as a holiday in most Federal Reserve bank cities, the statement for next week will be issued on Friday, November 24. Form FR-283-a Released for publication Friday morning, Nov, 17, 1939; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Nov. 16, Nov. 8 , Nov* 15, 1938 1939 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 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 Total bills and securities Due from foreign banks F.R. notes of other banks Uncollected iteras Bank premises Other assets TOTAL ASSETS 14,866,654 10,253 ....351,716 + 8,444 + 1,114 + 29,828 +3,4>2,953 576 + — 15.616 15,230,623 + 39,386 +3;,447,913 1,089 .... 5*326 2 12 — + 2,554 2,492 10 - 62 62 545 3,856 1,305,442 1,239,172 104,705 - 8,500 - 8,325 - 20,675 + 518,115 + 74,607 — 507,418 2,649,319 - 37,500 + 2,667,365 47 23,216 964,817 42,035 70,581 - 37,552 — + 2,372 +386,654 2 + 508 + 80,84l 129 — 4,996 + 161,270 18,998,684 +391,366 +3,703,301 4,805,254 - 11,840 + 459,438 11,587,156 564,123 454,277 317,728 -161,504 +216,501 - 1,954 “ -JL¿8-2 + 47,860 +354,808 +2,860,533 + 20,547 + 251,429 — 4,869 + + 6,485 — 11,561 + + — 85,304 2,168 + 20,570 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 12,923,284 916,914 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 18,650,305 4,853 135,602 149,152 27,264 ....^ ¿ 6 1 TOTAL LIABILITIES AND CAPITAL ACCOUNTS18,998,684 Ratio of total reserves to deposit and F. ?.. note liabilities combined 85.9% Contingent liability on bills purchased — for foreign correspondents Conr.itnents to make industrial advances 9,919 400 +3 ,127,640 + 116,212 169 +391,228 +3,703,459 + + + — — 5 - ± 122. +391,366 1,599 1,413 419 2,751 +3 ,703,301 — + 2,6% — — - 324 4,426 47 Fore FE-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OIT NOVEMBER 15, 1939 (in thousands of dollars) ASSETS Total Boston New York Phila. Gold certificates on hand and due from U.S. Treasury 14,866,654 Redemption fund - F.R.notes 10,253 Other cash 353,716 841,580 6,971,039 1,061 1,155 30,789 87,524 795,848 1,308 29,974 928,083 390,834 278,465 2,539,001 425,209 246,505 340,518 238,132 S38 316 1,000 1,237 294 241 517 389 43,341 15,500 9,293 19,086 17,332 23,787 25,262 20,808 871,440 1,397 31,020 Total reserves 873,430 7,059,718 827,130 952,870 417,333 299,567 2,583,180 441,525 256,039 360,121 255,853 903,857 15,230,623 Bills discounted* Secured by U. S. Gov’t obligations, direct and guaranteed 1,089 5,396 Other bills discounted 71 327 65 167 101 430 75 156 90 159 66 1,471 4 98 30 264 646 398 1,007 232 531 444 231 249 810 1,537 185 102 510 294 1,054 135,974 66,551 52,196 129,071 63^L72 49,545 10,906 ‘ 5,338 4,186 142,845 43,897 34,986 57,854 46,786 135,593 41,667 33,211 54,919 44,412 11,457 3,521 2,806 4,640 3,752 106,943 101,513 8,578 227,450 275,951 135,061 105,927 289,895 89,085 71,003 117,413 94,950 217,034 230,984 276,929 136,466 106,822 218,382 5 1,218 70,797 4,594 6,080 4 2 2 1,506 ‘3,268 1,502 117,076 79,988 34,519 5,894 2,557 2,041 7,766 4,151 2,976 290,870 89,323 72,062 119,135 95,562 * 6 1 1 1 2,481 1,865 1,097 1,387 498 138,467 41,227 24,178 40,140 36,332 1,266 3,871 2,250 1,500 3,H9 7,056 2,205 1,918 2,913 2,469 309 1,500 60 Industrial advances U. S. Governnent securities, direct and guaranteed* Bonds 1,305,442 Notes 1,239,172 Bills 104,705 75 1,422 1,809 1,974 381 3,153 94,536 89,738 7,583 410,798 389,944 32,949 112,074 106,387 8,989 Total U. S, Gov*t securitiesif direct and guaranteed 2,649,319 191,859 833,691 2,667,365 193,356 47 3 592 98,421 2,898 4,605 837,474 18 4,253 244,816 8,888 22,568 Total bills discounted Total bills and securities Due fron foreign banks F. R. notes of other banks Uncollected itens Bank premises Other assets TOTAL ASSETS 6,485 11,561 23,216 964,817 42,035 70,581 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 143 503 75 — Cleve. 321 332 663 7 4 3,549 38,856 3,157 5,874 18,998,684 1,173,305 8,177,735 1,140,808 1,362,045 643,765 447,429 3,025,931 578,396 356,794 526,316 391,981 1,173,679 *Less than $500. Form FR-283-C STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAIIKS ON IÏOVSSER 15, 1939 (In thousands of dollars) LIABILITIES Total F.R. notes in actual cir culation 4,805,254 Deposits * Member bank-reserve account11,507,156 U.S.Treasurer-General account 564,123 Foreign bank 454,277 Other deposits 317,728 Total deposits 12,923,284 Deferred availability items 916,914 Other liabilities including accrued dividends 4,853 Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 399,410 1,203,510 337,366 448,015 225,548 159,864 1,052,207 189,382 138,700 180,396 83,555 387,301 570,731 6,096,910 41,933 152,504 33,078 158,688 7,874 228,860 595,266 44,300 44,581 15,908 652,091 279,791 198,038 1,639,906 295,690 151,193 263,334 217,851 63,624 20,487 20,195 90,64-1 21,337 20,824 19,246 26,634 42,743 19,763 16,086 55,612 13,329 10,571 13,329 13,329 8,961 3,994 6,668 4,792 6,582 5,021 845 4,599 626,355 42,398 33,168 23,624 653,616 6 ,636,962 700,055 70,377 767,419 324,035 240,907 1,790,951 336,933 187,609 296,754 262,413 113,264 79,102 33,635 137,358 41,297 21,216 39,346 34,788 725,545 95,835 401 215,141 1.855 468 446 131 199 445 181 139 199 125 35,555 264 LABILITIES 18,650,305 1,149,262 8,057,468 1,108,266 1,329,144 628,816 434,685 2,980.961 567,798 347,664 516,695 380,381 1,148,665 C A P I T A L A C 0 0 U ¡3 T S 135,602 13,804 4,019 2,922 4,303 4,052 Capital paid in 13,799 5,108 4,561 10,621 50,915 12,115 9,383 22,666 4,685 3,153 3,613 3,892 10,083 52,463 149,152 13,696 Surplus (Section 7) 9,965 14,323 4,983 5,630 4,416 27,264 2,874 Surplus (Section 13b) 7,457 1,007 3,293 1,429 2,121 545 1,001 1,142 1,266 713 7,071 1,349 2,054 1,063 1,890 36,361 9,432 3,772 1,565 1,840 Other capital accounts 2,307 2,315 1,703 TOTAL LIABILITIES A1JD CAPITAL ACCOUNTS 18,998,684 1,173,305 8,177,735 1,140,808 1,362,045 643,765 447,429 3,025,931 578,396 356,794 526,816 391,981 1,173,679 Commitments to make industrial ryes advances 567 — 70 22 410 481 1,907 922 1,362. 850 9,919 3,257 63 MATURITY DISTRIBUTION OF BILLS AID SECURITIES 1 Year Over 2 Years to 6 months 16 to 61 to 31 to 91 days to Within to 1 Year to 2 Years 5 Years 5 Years 6 months 90 days 60 days Total 30 days 15 days — Bills discounted 1,486 3,546 278 912 74 6,485 189 2,956 2,236 11,561 476 2,114 Industrial advances 944 1,011 1,467 357 • U. S. Government securities, — 136,783 — 345,254 direct and guaranteed 69,280 690,567 1,210,305 2,649,319 35,425 161,705 i?'orm FR—283—cl FEDERAL RESERVE NOTE STATEMENT Oil NOVEMBER 15, 1939 (In thousands of dollars) Total Boston Now York Phila. Federal Reserve notes: Issued to F.R. brink by-F.R.agent Held by Federal Reserve bank In actual circulation Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 5,096,606 -424,913 1,288,849 359,541 468,229 237,692 172,182 1,079,342 200,603 143,162. 188,46-' 90,900 442,727 291,352 25,503 85,339 22,175 20,214 12,144 12,318 27,135 11,221 4,462 8,070 7,345 55,426 4,805,254 399,410 1,203,510 337,366 448,015 225,548 159,864 1,052,207 189,382 138,700 180,396 83,555 387,301 Collateral held by agent as se curity for notes issued to bank: Gold certificates on hand and due from U. St Treasury Eligible paper Total collateral 5,202,000 440,000 1,315,000 370,000 471,000 245,000 174,000 1,090,000 203,000 145,500 190,000 94,500 464,000 2,337 75 360 60 — 256 —— 135 148 1,303 — — 5,204,337 440,075 1,315,360 370,060 471,000 245,256 174,000 1,090,000 203,135 145,648 191,303 94,500 464,000
@FedFRASER