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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, December 1; not earlier. Board of Governors of the Federal Reserve System November 30, 1939 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 29 member bank reserve balances were practi cally unchanged. Additions to member bank reserves arising from a decrease of $2$,000?000 in Treasury deposits with Federal Reserve banks and increases of $90,000,000 in gold stock and $5,000,000 in Treasury currency were offset by a de— creo.se of ¿40,000,000 in Reserve bank credit and increases of $28,000,000 in money in circulation, $2,000,000 in Treasury cash and $49,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on November 29 were estimated to be approximately $5,140,000,000, a decrease of $30,000,000 for the week. The principal change in holdings of bills and securities was a decrease of $41,000,000 in holdings of United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended November 29, 1939, were as followst Increase or decrease since Nov. 29 , X92?__ ... Nov. 22, 1939 Nov. 30. (In millions of dollars) Bills discounted Bills bought U. S, Gov't securities,direct and guaranteed Industrial advances (not including 10 million commitments - November 29 Other Reserve bank credit 8 — 2,552. 11 34 + - 41 - 1 1 12 + + 5 37 - 1 2 Total Reserve bank credit Gold stock Treasury currency 2,605 17,3-47 2,947 - 40 + 90 + 5 + 21 + 3,035 + 174 Member bonk reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F. P.. accounts 11,620 + 1 + 28 + 2 - 25 + 49 +2,744 + 675 - 3.30 43 + 184- 7,462 2,359 441 1,017 Form FR-28>-a Released for publication Friday morning, Dec. 1, 19395 not earlier, STATEMENT OF CONDITION..'' OF THE TWELVE FEDERAL RESERVE BANKS 'COMBINED (in thousands of dollars) Increase or decrease since Nov. 29, Nov. 22, Nov. 30, 1939 1939 1938 A S S E T S Gold certificates on hand and due from U. S. TreasuryRedemption fund - F. R. notes Other cash Total reserves 1 4,966,121 9,866 320,766 + 94,466 + 452 - 10,165 +3>364,4o4 949 37,174 15,296,753 + 84,753 +3,326,281 1,817 6,209 + Til “....239 + 38 - 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 items Bank premises Other assets TOT AL A S S E T S L I A B I L I T I E S 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 T OT A L L I A B I L I T I E S C A P I T A L A C C O U N T S Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Ratio of total reserves to deposit and F. R. note liabilities combined Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances 8,026 — — 2,784 3,729 + + - 945 547 4,428 + + 496,120 175 11,393 1,283,447 1,233,225 35,425 — - 41,280 2,552,097 - 41,280 - 2,571,516 47 20,728 678,043 4-2,016 71,470 18,680,573 - 41,417 718 - 14,275 35 + 1,074 + 29,382 15,948 127 2,914 62,026 + 2,103 20,394 + +3*387,609 4,845,292 + 19,339 + 11,619,749 440,949 407,274 368,357 12 ,836,329 644,310 + + + + - 561 25,038 4,025 45,102 24,650 15,771 +2 ,743,268 43,033 + 199,177 + 2*182 +2,901,601 + 24,885 5.980 18,331,911 + 1,132 +29,350 396 + +3,387,292 134,935 149,152 27,264 i h m 18,680,573 + + 16 4* ¿9 ,382 + 903 + 1,413 419 1,580 +3,387,609 + + 2.9% - 240 4,685 ....... 86.5% — 9,643 _ _ — — — 16 #3% — 157 68,660 576,698 11,918 460,410 ... Form FR- 283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 29, 1939 (In thousands of dollars) A S S E T S Total New York Phila. Gold certificates on hand and due from U.S.Treasury 14,966,121 Redemption fund - F.R.notes 9,866 Other cash 320,766 834,722 7,070,591 976 1,014 26,315 74,373 304,481 1,234 25,768 946,701 398,91.5 279,190 2,539,101 423,155 246,514 34.5,444 229,216 800 939 841 802 767 504 381 233 21,366 22,718 19,248 39,404 15,228 8,850 17,469 16,201 Total reserves 862,051 7,145,940 831,483 969,006 422,474 299,238 2,579,272 439,135 255,597 363,4-17 245,798 883,292 780 2,183 468 223 188 550 84 250 100 271 133 629 15 210 70 179 762 225 7 249 804 980 140,826 135,316 3,887 43,361 34,652 33,297 956 57,504 55,254 1,587 15.296.753 Bills discounted: Secured by U. S. Gov’ t obligations direct ana guaranteed 1,817 Other bills discounted 6,209 Total bills discounted 8.026 Boston 205 — Cleve. Rich. Atlanta Chicago St.Louis Minn.- Kans.Cy. Dallas — . 980 San Fran. 848,091 1,375 33,826 4 141 15 348 145 509 363 2,963 1,974 691 7 38 334 Industrial advances 11,393 U. S. Government securities, direct and guaranteed? Bonds 1,283,447 Notes 1,233,225 Bills 35,425 205 1,416 3,135 317 995 371 671 93,086 89,442 2,569 400,850 385,165 11,064 110,013 105,709 3,037 133,820 66,083 128,583 63,498 3,694 1,824 51,631 49,610 1,425 Total U. S. Gov*t securities, direct and guaranteed 2,552,097 185,097 797,079 218,759 266,097 131,405 102,666 280,029 86,221 68,905 114,345 92,061 209,433 186,718 802,016 18 2,060 171,330 8,888 22,627 222,585 5 267,152 132,734 103,708 2 4 2 2,606 1,869 1,583 84,637 55,590 23,309 5,881 2,037 2,551 7,840 4,114 3,057 281,235 86,453 6 1 69,958 115,508 * 1 1,194 1,258 16,983 29,290 1,498 3,119 1,959 3,003 92,715 1 466 23,647 1,259 2,496 210,734 4 3,806 35,649 3,189 6,012 Total bills and securities 2,571,516 Due from foreign banks 47 F. R. notes of other banks 20,728 Uncollected items 678,043 42,016 Bank premises Other assets 71,470 TOTAL ASSETS 3 524 69,250 2,894 4,664 1,026 50,181 4,583 6,275 444 3,016 90,848 3,871 7,180 41,663 1,197 1,320 27,329 2,246 2,243 183 938 46,298 105,323 44,485 101,203 1,278 2,907 18,680,573 1,126,104 8,152,879 1 ,116,138 1,336,103 620,071 433,220 2,965,428 558,777 347,189 515,596 366,382 1,142,686 *Less than $500. Form FR- 283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 29, 1939 (In thousands of dollars) L I A B I L I T I E S Total F.R.notes in actual cir culation 4,845,292 Deposits: Member bank-reserve account 11,619,749 U.S.Treasurer-General account 440,949 Foreign bank 407,274 Other deposits 368,357 Total deposits 12,836,329 Deferred availability items 644,310 Other liabilities including accrued dividends 5,980 Boston New York Phila. Cleve. Rich. Atlanta 405,489 1,224,651 341,013 450,834 228,306 158,816 535,942 6,132,689 119,560 39,318 29,514 143,601 24,268 261,693 592,334 51,255 39,764 10,746 651,585 275,930 202,636 65,332 22,121 14,307 38,124 17,627 14,348 11,890 4,348 7,485 629,04-2 6,657,543 147,470 67,085 694,099 47,777 766,931 320,026 238,776 1,769,052 331,114 184,04-1 294,138 249,568 84,801 56,560 22,634 91,905 27,485 14,394 30,124 22,44-1 2,646 636 383 470 148 211 383,719 29,531 49,602 4,187 548 24,150 15,150 11,888 9,428 8,514 6,504 157 149 17,047 18,014 11,888 11,888 468 4,70c 211 136 623,687 25,164 29,602 23,546 701,999 31,634 285 TOTAL LIABILITIES 18,331,911 1,101,999 8,032,310 1,083,525 1 ,303,036 605,040 420,437 2,921,100 548,107 338,030 505,431 355,259 1,117,637 C A P I T A L A C C O U N T S Capital paid in 4,566 134,935 5,118 4,308 50,919 2,927 4,039 9,383 12,115 13,065 10,621 13,823 4,051 Surplus (Section 7) 10,083 149,152 22,666 52,463 13,696 5,630 4,685 3,153 3,892 4,983 3,613 9,965 14,323 Surplus (Section 13b) 27,264 4,4l6 2,874 1,265 7,457 1,001 1,007 1,429 1,142 2,121 545 713 3,293 Other capital accounts 2,386 2,078 1,765 9,730 3,914 _ 1i.637 37,311 1,874 1,102 . 1*914.___ 2*342 _ 7*168. 1,401 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 18,680,573 1,126,104 8,152,879 1 ,116,138 1 ,336,103 620,071 433,220 2,965,428 558,777 347,189 515,596 366,382 1,142,686 Commitments to make industrial advances 1,882 475 550 922 1,248 825 78 22 409 9,643 64 3,168 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Over 2 Years to Within 31 to 61 to 91 days to 6 months 1 Year l6 to 5 Years 5 Years 60 days 90 days 6 months to 1 Year to 2 Years 30 days üotal 15 days Bills discounted 8 ,0.26 2,088 3,275 220 1,706 690 47 Industrial advances 1,282 956 469 442 2,850 827 2,342 11,393 2,225 U. S. Government securities, direct and guaranteed 2,552,097 35,425 161,705 136,783 342,221 1,190,576 685,387 Form FR— 283-d FEDERAL RESERVE NOTE STATEMENT OH NOVEMBER 29, 1939 (in thousands of dollars) Total Boston Hew lork 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 5,122,9-48 424,805 1,305,335 360,289 471,06l 240,980 170,903 1,085,807 201,181 143,563 189,424 90,864 438,736 Held by Federal Reserve bank 277,656 19,316 80,684 19,276 20,227 12,674 12,087 26,212 11,830 4,117 8,466 7,750 55,017 In actual circulation 4,845,292 405,489 1,224,651 341,013 450,834 228,306 158,816 1,059,595 189,351 139,446 180,958 83,114 383,719 Collateral held by agent as se curity for notes issued to bank: Gold certificates on hand and due from U. S. Treasury eligible paper Total collateral 5,224,000 440,000 1,325,000 370,000 474,000 245,000 174,000 1,100,000 203,000 145,500 190,000 93,500 464,000 2,402 205 871 223 — 127 — — 85 123 768 — — 5,226,402 440,205 1,325,871 370,223 474,000 245,127 174,000 1,100,000 203,085 145,623 190,768 93,500 464,000
@FedFRASER