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Form FA-283 STATEMENT FOR THE PRESS Released for nublication Friday morning, Nov. 10; not earlier, Bo;u*d of Governors of the Federal Reserve System November 9 , 1939 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 8 member bank reserve balances decreased $65,000,000. Reductions in neuber bank reserves arose froa increases of 857.000.000 in money in circulation and $13,000,000 in Treasury c,.sii and a de crease of $44,000,000 in reserve bank credit, offset in part by increases of 033.000.000 in gold stock and ¿3,000,000 in Treasury currency and a decrease of 011.000.000 in ncnmember deposits and other Federal Reserve accounts. Excess reserves of member banks on liovcriber 8 were estimated to be approximately $5,350,000,000, a decrease of 030,000,000 for the week. The principal chan. :e in holdings of bills and securities was a net decrease of 334,000,000 in United States Government securities, direct and guaranteed» holdings of bills decreased $34,000,000 and of bonds $2 ,000,000, v/hile holdings of notes increased $2 ,000,000. Changes in nember bank reserve balances and related items during the week and the year ended November 8 , 1939, were as follows» Increase or decrease since Nov. 8 , 1939 Nov. 1 , 1939 Nov. 9, 1938 (in millions of dollars) 6 Dills discounted 1-ills bought — . - — 2 1 II. S. Government securities,direct and guaranteed 2,687 Industrial advances (not including 10 million commitments - November 8 ) .12 Other Reserve bank credit 16 - 34 + 123 - 10 + Total Reserve bank credit Gold stock Treasury currency 2,721 17,132 2,935 - 44 + 33 + 3 + 152 +3,041 + 3.80 ¡.ienber bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F. R. accounts 11,749 7,409 + + - +3,203 + 645 - 474 - 230 + 230 2,263 348 1,020 65 57 13 1 11 3 34 Form 5R—2S3—a Released for publication Friday morning, Nov, 10, 1939; not earlier. STATEMENT OF CONDITION iiBINED OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Nov, 8 , 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. Governiiient 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 TOTAL ASSETS Nov. 1, 1939 Nov. 9, 1938 14 ,35s,n o + 19,004 +3,540,512 68 293 + 9,139 + 223^888 - 15,980 — 27,910 15 ,191,237 + 3,317 +3,512,670 89 . 316 + ... 5*384 + 227 6,475 + ■— — 57 11,623 1,091 3,589 2,264 1,325 545 3,540 1,313,942 - 2,000 + 526,615 1,247,497 + 2,000 + 82,932 125,380 " 34,000 436,743 2,686,819 - 34,000 + 122,804 2,704,917 in 20,844 578,163 42,037 70,073 18,607,318 “ 33,830 + 117,394 — 129 - 1,289 1,603 -138,333 + 21,792 — — 2,166 + 581 20,529 -169,554 +3,668,487 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 TOTAL LIABILITIES CAPITAL ACCOUNTS 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 nake industrial advances 461,340 4,817,094 + 35,709 11,748,660 347,622 456,231 322,911 + 65,004 1,408 14,650 3,462 +3,202,494 - 230,144 + 238,198 + 10,429 12,875,424 - 77,600 +3 ,220,977 562,106 -12.8,M l - 12,919 + 175 - ___ 205 13,259,077 -170,157 +3,669,193 17 135,597 + — 149,152 — 27,264 36,228 + 586 18,607,318 -169,554 85*955 — 9,966 + ,3% + + - 1,594 1,413 419 3,294 +3,668,457 + 101 57 - 2.5% 324 3,352 i'brm FF-2 3 3 -b STATE;'EUT OF CONDITION OF THE FEDERAL RESERVE BANKS 0H HOVE:IBER 8, 1939 (in thousands of dollars) ASSETS Total Boston New York Phila. Gold certificates on hand and due from U. S. Treasury 14,858,210 Redemption fund. — F.R. notes 9,139 Gr-hor cash 323, o-Jo 850,142 6,998,030 1,074 1,197 29,680 81,613 788,293 1,383 27,422 914,681 389,310 281,370 2,528,284 425,732 248,255 335,007 226,778 256 480 322 905 321 825 406 539 20,646 20,595 18,123 4-3,054 13,421 9,938 18,124 16 ,28d 872,328 l,4jl 24,984 880,896 7,080,840 817,098 935,807 410,161 299,815 2,572,243 439,978 258,514 353,670 243,472 898,743 249 1,608 321 477 362 170 351 3,145 645 337 443 1,003 235 Total reserves 15,191,237 Bills discounted! Secured by U. S. Gov't obligations, direct and guaranteed 1,091 Other bills discounted 5,304 --- 85 Cleve. 168 30 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 81 65 60 74 433 75 156 135 147 1,321 19 98 50 291 507 444 231 7 282 812 1,381 l6l 117 512. 341 1,054 107,570 Total bills discounted 6,475 Industrial advances 11,623 U. S. Government securities direct and guaranteed* Bonds 1,313,942 Notes 1,247,497 Bills 125,380 85 1,501 1,857 1,984 95,100 90,291 9,075 414,607 393,642 39,563 112,869 136,807 66,739 52,417 107,163 129,889 63,365 49,765 6,368 .5,002. 10,770 _A3,055 143 ,63c 44,107 35,119 57,998 46,979 136,366 41,875 33,342 55,065 44,603 Total U.S.Gov't securities, direct and guaranteed 2,686,819 194,466 847,812 230,802 279,751 136,472 107,184 293,701 90,191 71,812 118,597 96,065 219,966 196,052 851,653 18 3,306 116,931 8,888 22,392 234,298 280,733 137,918 108,082 2. 2 4 l,54é 2,884 1,745 64,648 53,541 25,657 5,894 2,557 2,041 7,736 4,12.5 2,968 294,652 90,429 72,906 120,139 96,694 * 6 1 1 1 2,228 1,974 1,088 1,422 545 86,379 29,054 18,553 30,246 26,709 3,871 2,251 1,501 3,119 1,266 6,988 2,188 1,894 2,886 2*443 221,361 Total bills and securities 2,704,917 Due from foreign banks 47 F. R. notes of other banks 20,844 Uncollected items 578,163 Bank premises 42,037 Other assets 70,073 TOTAL ASSETS 3 688 59,100 2,898 4,572 5 670 37 ,844 4,594 6,044 663 13,705 ... 4*209. _3j151_ . 2*13.4. .4*483. . 102,131 10,265 4 2,748 29,501 3,157 5,837 18,607,318 1,144,209 8,084,028 1,100,553 1 ,296,368 611,188 440,310 2,966,367 565,875 354,456 511,483 371,130 1 ,161,351 *Less than $500. Form FR.—2o3“c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS Oil ¡JOVUBER 8 , 1939 (In thousands of dollars) LIABILITIES Total Boston Hew York Phila. Cleve. 4,817,094 400,231 1,205,831 337,704 443,301 2.25,247160,585 1,051,487 189,408 138,706 180,503 84,186 394,905 i 11,748,660 mt 347,622 456,231 322,911 602,868 6,139,740 20,318 115,452 33,079 160,645 225,066 6,996 609,704 18,937 4)4,582 17,151 659,384 291,428202,943 1,673,756 304,310 155,452 260,993 221,024. 51,049 11,628 19,398 14,017 11,581 34,225 6,904 16,7.56 16,086 55,612 13,329 10,571 13,328 13,328 42,743 19,763 5,330 7,474 5,329 1,098 4,812 12,631 4,647 6,202 627,053 27,357 33,165 26,175 12,875,424 663,261 6,640,903 748,983 322,742241,987 1,785,747 336,741 190,750 289,441 250,745 65,766 48,123 24,798 83,744 28,929 15,721 31,216 24,975 713,750 27,406 120 272 F.R. notes in actual cir culation Deposits s --orezgn Dank deposits Other Total deposits Deferred availability items Other liabilities including accrued dividends 562,106 56,349 115,583 690,374 39,496 4,453 358 1,582 4*47 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 428 127 195 429 175 135 185 TOTAL LIABILITIES 18,259,077 ]-,120,199 7,963,899 3.,068,021 1,263,478 596,239 ■427,565 2,921,407 555,253 345,312 501,345 360,026 1,136,333 1 3 O A P I T A L A C 0 0 U I1i T 10,621 13,804 4,019 2,922 4,303 4,051 50,914 13,797 5,107 4,561 Capital paid in 135,597 12,115 9,383 22,666 3,892 5,630 149,152 52,463 13,696 9,965 4,685 3,613 Surplus (Section 7) 3,153 14,323 4,983 10,083 2,121 545 1,001 1,14-2 1,266 713 27,264 1,007 3,293 1,429 Surplus (Section 13b) 4,416 2,874 7,457 1,080 1,566 7,061 2,068 36,228 1,895 1,841 Other capital accounts 1,670 3,763 1,373 2,311 9,295 2,305 TOTAL LIABILITIES AND 18,607,318 1,144,209 8,084,028 1,100,553 1,296,368 611,1884/0,310 2,966,367 565,875 354,456 511,483 371,130 1,161,351 CAPITAL ACCOUNTS Commitments to make industrial 923 1,356 856 78 22 4LQ advances 567 484 63 9,966 1,934 3,273 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Industrial advances U. S. Government securities, direct and guaranteed 16 to i'otal 6,475 11,623 Within 15 days 1,594 1,57? 30 days 315 73 2,686,819 48,675 76,705 31 to 60 days 3,361 1,245 — 6l to 90 days 393 436 — 91 days to 6 months 753 1,040 161,705 1 Year 6 months to 1 Year to 2 Years — 59 2,930 2,C32 136,783 348,82.8 2 Years to Over 5 Years 5 Years — — — _» 2,290 695,567 1,218,556 Form FR—283-d FEDERAL RESERVE NOTE STATU5EHT Olì U0V33BER 8 , 1939 (In thousands of dollars) Total Boston Uew York Federal Reserve notes: Issued to F.R. bank by F.P..agent Held by Federal Reserve bank In actual circulation Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 5,102,403 427,162 1,290,3?S 354,036 467,921 236,425 172,178 1,081,075 200,249 143,753 109/76 91,676 447,¿54 285,309 26,931 84,567 16,332 19,620 11,178 11,593 30,30C 10,841 5,047 3,773 7,490 52,549 4,817,094 400,231 1,205,831 337,704 448,301 225,247 160,535 1,051,487 189,408 138,706 180,503 ¿14,186 394,905 Collateral held by agent as se curity for notes issued to banks Gold certificates on hand and due from U. S. Treasury Eligible paper Total collateral 5,177,000 440,000 1,305,000 360,000 471,000 240,000 174,0CO 1,090,000 203,000 145,500 190,00;' 94,500 464,000 2,346 85 4-18 30 —■ 301 — — -135 185 1,192 — —5,179,3-46 440,085 1 ,305,418 360,030 471,000 240,301 174,000 1,090,000 203,135 145,685 191,192 94,50- 464,000
@FedFRASER