The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, Oct, l4; not earlier# Board of Governors of the Federal Reserve System October 13, 1938 CONDITION OF FEDERAL RESERVE BANKS During the week ended October 12 member bank reserve balances increased $79,000,000. Additions to member bank reserves arose from a decrease of $67,000,000 in Treasury deposits with Federal Reserve banks and increases of $57 ,000,000 in gold stock, $12,000,000 in Reserve bank credit and $3,000,000 in Treasury currency, offset in part by increases of $27,000,000 in money in circu lation, $29,000,000 in nonmember deposits and other Federal Reserve accounts and $3,000,000 in Treasury cash. Excess reserves of member banks on October 12 were estimated to be approximately $3 ,050,000,000, an increase of $30 ,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended October 12, 1938, were as follows» Increase or decrease since Oct. 12, 1918 _ Oct, 5, ..1218 Oct. 13 , ... 12!?-. (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 1-4 million commitments - October 12) Other Reserve bank credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balanc®g Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F. R. accounts 9 1 2,564 16 + 2 — — l4 + 2 38 16 + 1 + 10 — + 2,605 13,869 2,744 + 12 + 57 + 3 + 47 + 1,085 + 143 8,400 6,667 2,812 703 + 79 + .27 + 3 - 67 + 29 + 1,481 + 82 822 + 620 86 636 4 30 Form FR-2o>-a Released for publication Friday morning, October 14,1938; not earlier, ASSETS AM) LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Oct. 12, 1938 Oct. 13 , 1937.. . Oct, 5, 1938 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 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 11,020,211 9,669 363,211 +52,998 + 531 .-4,202 +1,893,322 + 23 ___ +69,446 11,393,091 +49,322 +1,963,791 6,106 3.193. + 2,209 -1-2^ - 7,162 6*220 9,299 + 1,954 -14,152 — 2,289 - 4,115 541 15,507 + 52 787,327 1,164,565 612.123 ......... Total U.S. Government securities 2,564,015 — Total bills and securities 2,589,362 180 22,532 617,394 44,305 48.849 -1,037 -14,723 + 1 + 996 +17,269 + 7 -5,282 -40,221 “1,151 +8.000 14,715,713 +36,565 +1,941,413 Due from foreign banks F, R, notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS — +49,254 + 6,852 +37,825 + 2,006 LIABILITIES F, R, notes in actual circulation Deposits t 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 TOTAL LIABILITIES 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 4,281,103 +18,243 -10,416 8,400,218 703,407 199,462 ■■-■,1761.287 9,479,374 +79,582 -66,679 + 4,406 +25,363. +42,672 +1,481,316 + 620,176 - 83,552 ....+.. l,tM 2 +2,019,482 601,672 133,954 147,739 27,683 32,741 11,447 -25,013 - 31 — + 1 — . . +. 693 - 70,418 + 1,298 + 1,885 + 193 - 3,062 ..+...2.,4£1 14,715,713 +36,565 +1,941,413 82,8% 157 13,696 — +2,6# — -1,354 + 97 - 958 Fona FR—283-b ASSETS AIJD LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 12, 1938 (in thousands of dollars) A S S E T S Total Boston Hew York Phila, Gold certificates on hand and due from U.S.Treasury 11,020,211 696,473 4,602,928 514,312 Redemption fund - F.R.notes 9,669 615 1,316 653 Other cash 363,211 38,430 109,269 29,391 Total reserves 11,393,091 735,518 4,713,513 544,356 Bills discounted* Securôd by U.S,Gov’t obligations, direct or fully guaranteed 6,106 3,750 498 167 Other bills discounted 3,19$ 788 598 25 Total bills discounted ------—‘ ... .. ..... - ------— 1,096 Rich* Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Fran, 716,848 369,919 254,644 2,019,578 342,256 254,249 314,285 205,659 762 966 301 638 948 677 603 256 22,568 19,682 11,449 51,649 15,533 8,508 l4,24p 11,478 729,060 1,934 31,014 740,178 390,567 266,394 2,071,865 358,737 263,434 329,128 217,393 762,008 386 238 109 227 118 475 250 69 200 25 122 78 79 292 104 228 323 150 336 593 19 186 319 67 433 225 2 43 200 2 1,092 371 332 16 823 473 38 1,279 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 62,242 92,064 ■48,391 55 3,191 624 50 650 787,327 59,255 ,164,565 87,647 612,123 46,069 250,391 68,403 370,360 101,177 194,671 53,181 79,168 117,101 61,551 Total U.S.Gov’t securities 2,564,015 192,971 815,422 222,761 257,820 120,321 164,522 276,389 106,791 56,815 113,248 94,258 202,697 Total bills and securities 2,589,362 195,501 Due from foreign banks 180 13 F.R. notes of other banks 22,532 2,265 Uncollected items 617,394 56,011 Bank premises 2,959 44,305 All other assets 48,849 3,l4o 823,809 227,103 68 18 5,008 755 135,445 35,196 9,824 4,731 15,198 4,824 259,144 122,142 105,320 6 8 17 1,376 1,210 1,647 68,064 56,839 23,197 2,64l 2,087 6,067 2,204 2,843 5,383 277,208 107,061 58,109 114,049 95,429 22 2 5 5 3 1,986 2,410 384 849 2,923 82,034 44,464 19,234 38,868 24,996 2,306 1,541 4,507 1,270 3,103 1,926 1,256 4,612 1,794 1,725 204,487 Bills bought in open market Industrial advances U. S, Government securities* Bonds / Treasury notes Treasury bills TOTAL ASSETS 9,299 541 15,507 Cleve. 192 41 2,297 4,538 212 3,637 23 1,462 36,947 32,096 54,649 47,473 28,725 24,953 16 4l4 13 1,719 33,046 3,269 3,944 14,715,713 995,407 5,702,865 816,983 1,080,063 576,4l6 400,855 2,443,171 516,775 344,425 489,065 341,202 1,008,486 Form FR-283-C ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON OCTOBER 12, 1938 (In thousands of dollars) LIABILITIES Total Boston New York Phila. F.R.notes in actual circulation 4,281,103 370,523 969,200 Deposits* Member bank - reserve account 8,400,218 434,959 4,161,874 U.S.Treasurer - General account 703,407 91,916 168,215 Foreign bank 199,462 14,376 71,479 Other deposits 176,287 4,894 79,718 Total deposits 9,479,374 546,145 4,481,286 Deferred availability items 601,672 54,354 130,266 Capital paid in 133,954 9,407 50,902 51,943 Surplus (Section 7) 147,739 9,900 27,683 2,874 7,744 Surplus (Section 13 b) 32,741 1,448 Reserve for contingencies 8,210 All other liabilities — :n3fr.. 7ss __ JisM. TOTAL LIABILITIES 14,715,713 995,407 5,702,865 Contingent liability on bills purchased for foreign correspondents 157 Commitments to make industrial 13,696 advances 11 56 1,341 3,612 Cleve. 307,262 412,835 Rich. Atlanta 206,798 146,078 Chicago St.Louis Minn. Kans.Cv. Dallas San Fran, 964,272 179,168 134,506 166,377 79,?46 344,338 385,319 32,018 19,567 2.619 459,808 231,382 170,268 1,256,129 224,112 121,030 234,179 178,386 542,772 64,337 37,762 48,544 27,489 36,612 30,518 76,241 55,0^7 34,698 23,760 5,990 4,592 5,790 5,790 14,176 18,369 8,585 6 ,9.88 11.448 2.466 7.5l4 8.766 19y96l 9,231 7.578 3f204___ 439,523 36,926 12,214 13,466 4,4ii 565,866 297,490 219,468 1,352,992 287,825 183,397 275,036 223,992 68,494 56,928 22,160 80,299 39,006 17,009 37,319 26,261 606,354 32,650 10,344 9,805 2,121 13,277 2,907 4,197 3,947 13,380 4,991 4,469 3,919 3,892 4,964 5,626 22,387 4,667 3,153 3,613 14,323 1,142 1,270 730 1,007 1,429 545 1,001 3,409 2,000 1,401 7,090 2,000 3 ¿76 935 1?776 1,215 1,887 1,603 '"556 ___ 982 721 .W l 1.425 816,983 1 ,080,063 576,416 400,855 2,443,171 516,775 344,425 489,065 341,202 1,008,486 15 333 14 1,483 7 1,764 5 175 19 15 4 228 5 634 5 538 5 51 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U. S. Government securities Within 15 days 9,299 7,663 541 165 15,507 1,110 2,564,015 128,887 l6 to 30 days 596 83 356 97,675 31 to 60 days 546 199 547 206,333 61 to 90 days 278 94 891 179,228 6 months 91 days to 6 months to 1 Year _ 211 1,801 83,566 5 3,510 155,663 1 Year to 2 Years *•— 5,015 398,744 2 Years to Over 5 Years 5 Years — 2,277 607,337 — 706,582 11 3,522 Form Fft-283-d FEDERAL RESERVE NOTE STATEMENT ON OCTOBER 12, 1938 (In thousands of dollars) Total Boston New York Phila, Cleve, Rich, Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Federal Reserve notest Issued to F.R.bank by F.R.agent 4,575,270 388,883 1,073,214 324,014 436,417 219,326 158,757 987,552 193,448 138,762 175,756 87,261 391,880 Held by Federal Reserve bank 294,167 18,360 104,0l4 16,752 23,582 12,528 12,679 23,280 14,280 4,256 9,379 7,515 47,542 In actual circulation 4,281,103 370,523 969,200 307,262 412,835 206,798 146,078 964,272 179,168 134,506 166,377 79,746 344,338 Collateral held by agent as secu rity for notes issued to bank l Gold certificates on hand and due from U. S. Treasury 4,648,000 4q0,000 1,082,000 327,000 438,000 220,000 161,0001,010,000 196,000 l4l,500 180,000 88,500 404,000 Eligible paper 8,446 167 4,518 681 444 299 473 319 225 156 360 332 472 Total collateral 4,656,446 400,167 1,086,518 327,681 438,444 220,299 161,4731/310,319 196,225 l4l,656 loti,360 88,832 4o4,472
@FedFRASER