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Form FR—283 STATEMENT FOR THE PRESS Released for publication Saturday morning, Nov, 265 not earlier, Board of Governors of the Federal Reserve System November 25, 1938 CONDITION OF FEDERAL RESERVE BANKS During the week ended November 23 member bank reserve' balances increased #91,000,000. Additions to member bank reserves arose from decreases of #70,000,000 in Treasury deposits with Federal Reserve banks, #-4,000,000 in Treasury cash, and increases of #78,000,000 in gold stock and #11,000,000 in Treasury currency, offset in part by increases of #31>000,000 in money in circu lation and #37,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of #3,000,000 in Reserve bank credit. Excess reserves of member banks on November 23 were estimated to be approximately #3,350,000,000, an in crease of #90,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended November 23, 1938, were as follows1 Increase or decrease since Nov. 23 , 1938 Nov,, 16, 1938 Nov,1 24-, 1937 (in millions of dollars) Bills discounted Bills bought U. S, Government securities Industrial advances (not including l4 million commitments - November 23) 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 7 1 .. — 9 - « — 2,56-4 15 1 2,587 l4,24o 2,767 8,818 6,76$ 2,717 47-4 821 — ***• 2 + 2 4 7 3 ta 9 +1,466 + 148 •f 91 +1 ,869 209 909 + 361 + 75 4* 78 4- 11 31 - 4 - 70 + 37 Form FRr-283-a Released for publication Saturday morning, November 26,1938; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Nov. 23, 1938 Nov. 16 , 1938 Nov. 24, 1937 11,4-92,201 10,338 362,857 + 88,500 + 66l - 6,475 +2,369,799 + 398 ......+41*674 11,865,396 + 82,686 +2,413,871 3,757 2,8-46 + ll4 - 58 - 7,84) - 1,420 6,603 + 56 545 15,199 - 218 - 9,260 - 2,283 - 3,390 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Bills discounted 1 Secured by U.S.Gov't obligations, direct or fully guaranteed Other bills discoTinted 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 + 49,254 - 3,898 ~ 45,356 787,327 1,16-4,565 612,123 — 2,564,015 --------- 2,586,362 - 162 176 23,737 644,074 44,193 50,682 -4,475 -159,473 - 10 + 671 - 14,933 2 - 2,155 + 54,356 - 1,151 + 6,832 15,214,620 - 80,763 +2,456,818 F. R, notes in actual circulation Deposits( Member bank - reserve account U. S. Treasurer - General account Foreign bank Other deposits 4,362,465 + 16,649 + 97,636 8,818,335 474,316 212,081 350.438 + + + 91,712 69,260 9,233 27,841 +1,869,408 +361,014 - 57,987 +135,696 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 9,855,170 643,275 134,013 147,739 27,683 32,672 1 1 ^ + 59,526 -157,427 + 10 + 479 +2,308,131 + 47,847 + 1,508 + 1,885 + 68 - 3,037 + 2,780 15,214,620 - 80,763 +2,456,818 TOTAL ASSETS LIABILITIES TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined Contingent liability on bills purchased for foreign correspondents 83.5# Comirdtments to make industrial advances 14,335 + , 2 % 32.4 +3.5% ~ 1,845 ~ 10 + 1,019 Form FR-283-b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 23, 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 11,492,201 613,516 5 ,02-4,526 511,373 Redemption fund — F.R* notes 10,338 430 1,653 1,385 Other cash 362,857 38,798 103,380 28,832 Total reserves 11,865,396 652,744 5,129,559 541,590 Bills discounted* Secured by U.S.Govlt obligations. direct or fully guaranteed 3,757 132 1,692 705 Other bills discounted 2,846 100 357 550 Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Fran. 708,882 356,498 261,486 2,184,317 323,430 239,749 305,510 192,438 965 909 651 318 887 624 545 210 23,204 21,178 12,102 51,106 20,856 8,334 14,521 12,548 7^0,4-76 1,761 27,998 733,051 378,585 274,239 2,235,741 345,173 248,707 320,576 205,196 800,235 200 257 117 66 168 297 105 119 160 129 202 105 753 84 69 160 50 457 50 620 183 465 19 172 224 210 2 45 331 2 991 858 16 392 153 16 791 186 38 1,324 62,242 92,064 48,391 26 Total bills discounted 232 6,603 Bills bought in open market 4l 545 Industrial advances 15,199 2,171 U. S. Government securities* Bonds 787,327 59,255 Treasury notes 1,164,565 87,647 Treasury bills 612,123 46,069 250,391 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 84,870 32,792 17,446 34,774 28,943 125,535 48,504 25,805 51,438 42,812 65,984 25,495 13«564 27,036 22,503 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 2,586,362 195,415 176 13 23,737 729 644,074 62,263 2,954 44,193 50,682 3,290 821,289 227,326 64 18 841 5,625 169,920 47,782 9,808 4,720 15,758 4,745 258,947 121,948 105,178 6 8 17 1,981 1,512 1,861 75,512 50,598 23,395 6,04l 2,634 2,081 5,604 2,898 2,299 277,095 107,048 22 3 1,555 2,873 80,138 28,862 2,301 4,499 1,892 4,889 58,139 Il4,5l4 95,218 2 5 5 521 1,195 2,053 17,095 31,718 25,575 1,267 1,539 3,097 2,066 1,788 1,315 204,245 Due from foreign banks F.R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 2,049 216 3,602 1,255 55 3,255 23 1,421 67 4l5 13 2,991 31,216 3,252 4,138 15,214,620 917,408 6,152,023 827,022 1,080,684 558,532 409,179 2,605,257 486,834 327,992 474,029 329,570 1,046,090 Form Fft-28>-c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 23, 1938 (In thousands of dollars) L I A B I L I T IBS Total F.R.notes in actual circulation 4,362,465 Deposits* Member bank - reserve account 8,818,335 U.S.Treasurer - General account -474,316 Foreign bank 212,081 Other deposits 350,438 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities Boston New York Phila, 380,735 Cleve« 993,616 315,665 Rich, Atlanta Chicago St,Louis Minn* Kans.Cy, Dallas San Fran, 419,505 209,953 147,544 980,723 180,584 136,176 167,428 80,287 350,249 401,612 4,534,073 369,957 29,306 58,702 30,610 15,220 76,584 20,715 3,04-3 202,069 8,610 478,107 232,068 172,894 1 ,308,124 220,632 115,280 235,521 177,600 77,843 32,992 42,263 21,243 24,157 48,197 35,731 41*679 19,447 9,090 7,398 6,130 6,130 25,155 6,342 4,862 31,438 7,809 4,24q 85,525 5,4l4 2,514851 2,393 572,467 31,593 9,855,170 449,181 4,871,-428 429,892 164,482 48,362 643,275 63,065 50,901 12*213 134,013 9,412 147,739 9,900 51,943 13,466 2,874 7,744 4,4li 27,683 32,672 1,448 2,000 8,210 11,603 3,699 1,013 . 793 557,189 284,698 226,211 1,496,647 265,380 164,919 263,745 210,280 82,238 30,155 17,427 32,5>4 27,816 71,069 48,715 22,314 4,982 4,471 3,924 3,948 2,904 4,200 13,319 13,391 4,964 5,626 14,323 3,892 22,387 4,667 3,613 3,153 1,142 1,270 1,007 730 1,001 3,409 1,429 545 3,176 l,4oi 1,603 7,035 1,215 935 1,776 1,073 1,024 364 680 4l0 301 432 1,479 539 635,600 35,098 10,348 9,805 2,121 2,000 869 15,008 16,532 TOTAL LIABILITIES 15,214,620 917,408 6,152,023 827,022 1,0.80,684 558,532 409,179 2,605,257 486,834 327,992 474,029 329,570 1,046,090 Contingent liability on bills purchased for foreign correspondents 324 116 14 11 10 8 23 32 30 39 9 9 23 Commitments to make industrial advances 1,326 3,490 1,472 1,472 1,565 172 10 562 14,335 530 217 50 3,469 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U, S. Government securities 6,603 545 15,199 2,564,015 Within 15 days 16 to 30 days 60 days 61 to 90 days 91 days to 6 months 4,994 23 1,434 110,523 240 94 316 75,890 562 170 1,118 200,487 211 258 327 180,923 558 — 1,405 127,866 31 to 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 38 — 3,651 155,663 4,753 398,744 —— 2,115 607,337 706,582 Form FR-283-d FEDERAL RESERVE NOTE STATEMENT ON NOVEMBER 23, 1938 (In thousands of dollars) Total Federal Reserve notes* Issued to F.R. bank by F.R.agent Held by Federal Reserve bank if IS Cleve« Rich« Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 4,650,264 397,912 1,092,080 329,210 442,335 221,126 161,038 1,002,026 199,575 l4o,637 177,929 88,933 397,463 287,799 17,177 98,464 13,$45 22,830 11,173 13,494 21,303 18,991 4,461 10,501 8,646 47,214 ...-,__ r circulation Boston New York Phila. ______ 4,362,465 380,735 . . . 993,616 315,665 419,505 209,953 147,544 . _ ............ 980,723 180,584 136,176 167,428 80,287 350,249 Cojfclateral held by agent as secvtrtty for notes issued to bank* Gold certificates on hand and due from U. S. Treasury Eligible paper Total coj-lateyal 4,712,000 410,000 1,100,000 335,000 445*000 225,000 164,000 1,010,000 207,000 l4l,500 180,000 90,500 404,000 5,700 232 1,979 820 257 183 444 224 210 189 825 151 186 4,717,700 410,232 1,101,979 335,820 445,257 225,183 164,444 1,010,224 207,210 l4l,689 180,825 90,651 4o4,l86
@FedFRASER