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Form FR—283 STATEMENT FOR THE PRESS Released for publication Saturday morning, Oct. 14-j not earlier.. Board of Governors of the Federal Reserve System October 13 , 1939 CONDITION OF FEDERAL RESERVE BANKS During the week ended October 11 member bank reserve balances increased $67,000,000* Additions to member bank reserves arose from decreases of $12,000,000 in Treasury cash, $65,000,000 in Treasury deposits with Federal Reserve banks and $35,000,000 in nonmember deposits and other Federal Reserve accounts, and increases of $15,000,000 in gold stock and $4,000,000 in Treasury currency, offset in part by an increase of $37,000,000 in money in circulation and a decrease of $27,000,000 in Reserve bank credit. Excess reserves of member banks on October 11 were estimated to be approximately $5,400,000,000, an increase of $40,000,000 for the week. The principal change in holdings of bills and securities was a 'decrease of $20,000,000 in holdings of United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended October 1]., 1939, were as follows ? Increase or decrease since Oct. 11, 1939 Oct,• 4, 1939 Oct• 12, 1938 (In millions of dol.lars) Bills discounted Bills bought U. S. Gov’t securities, direct and guaranteed Industrial advances (not including 10 million commitments - October 11) Other Reserve bank credit — 7 1 2,765 12 26 20 — 7 2 — + 201 + 4 10 Total Reserve bank credit Gold stock Treasury currency 2,810 16,973 2,924 — 27 + 15 + 205 + 3,104 180 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F, R. banks Nonmember deposits and other F, R. accounts 11,739 7,346 2,238 AoA 980 + + -* + 3,339 + 679 — 574 - 299 + 3^4 67 37 12 65 35 Form FR—283-a Released for publication Saturday morning, Oct. 1.4, 1939, not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Oct. 12, Oct, 4-, Oct. 11, 1938 1939 1939 ASSETS Gold certificates on hand and + 29,498 14,725,715 due from U. S. Treasury +3,,705,504 682 IS 8,987 Redemption fund - F. R. notes — 48,017 - 9,959 315,194 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 items Bank premises Other assets TOTAL ASSETS 15,049,896 1,331 + 19,521 +3,656,805 + 54 289 , + 4,775 1,990 235 50 38 - 2,785 . 5,183 6,514 498 11,803 __ — 43 3,704 1,315,942 1,2.45,497 203,457 - 20,000 + 528,615 + 80,932 —* 408,666 2,764,896 - 20,000 + 200,881 2,783,711 225 71,118 - 20,323 + 49 + 253 + 1,122 — + 2,167 + 194,349 + 45 1,696 + 50,242 2,223 + 22,269 18,635,504 + 2,789 +3,919,791 4,757,812 + 25,679 + 476,709 + + 67,492 65,592 21,930 12,003 32,033 8,137 +3,338*938 - 299,872 + 244,745 + 121.,113. +3,404,924 + 39,943 + 556 20,836 667,636 42,082 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 11,739,156 ‘ 403,535 444,207 297,400 12,884,2.98 641,620 .... Ju371 18,288,101 .-43 +3,921,624 ACCOUNTS Capital paid in Surplus (Section 7) Surplus (Section 13b) Other capital accounts 135,561 149,152 27,264 ......35*426 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 18,635,504 + 2,339 + 85.3% 101 10,328 101 + + + — .+_.... 349 + 2,789 - + + .156 — + 50 - 1,607 1,413 419 4,434 +3,919,791 ~ - 2.5% 56 3,368 Form FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAIJKS OK OCTOBER H , 1939 (In thousands of dollars) ASSETS Total Boston Non York Phila. Gold certificates on hand and due from U.S. Treasury 14,725,715 Redemption fund - F.R.notes 8,987 Other cash 315,19-4 845,755 7,052,463 189 1,660 27,220 79,766 717,113 520 26,845 862,583 388,634 295,982 2,450,358 414,724 259,019 360,604 228,130 344 580 422 9,369 18,277 15,784 1,490 25,018 873,164- 7,133,889 744,478 883,684 408,381 313,237 2,493,840 429,836 268,732 379,461 244,336 876,858 286 115 Total reserves 15,049,896 Bills discounted: Secured by U.S.Gov,t obligations, direct and guaranteed 1,331 Other bills discounted 5,183 Total bills discounted 6,514 Bills bought in open market 498 Industrial advances 11,803 U. S. Government securities , direct and guaranteed: Bonds 1,315,942 I'iotes 1,245,497 Bills 203,457 Total U.S.Gov^ securities« direct and guaranteed 2,764-,896 Total bills and securities 2,783,711 Due from foreign banks 225 F.R. notes of other banks 20,836 Uncollected items 667,636 Bank premises 42,082 Other assets 71,118 TOTAL ASSETS 420 2,262 2,548 Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. 659 1,244 399 20,442 18,503 16,856 609 871 4-2,873 14,241 850,350 321 l4o 342 20 135 110 60 470 418 146 87 501 17 143 75 358 436. 558 51 337 482 24 1,034 155 19 64-5 528 69 445 206 2 rt t 87 2 84-2 501 16 202 I60 16 535 433 40 1,074 88 420 41 1,579 1,999 55 3,104 95,140 90,046 14,710 417,506 395,158 64,550 113,171 107,114 17,497 136,913 66,351 52,260 129,583 62,798 49,464 21,168 10,259 8,080 143,558 44,0.21 34,981 57,619 46,826 135,871 41,665 33,108 54,534 44,319 5,408 8,908 7,240 22,195 6,806 107,596 199,896 877,214- 237,782 287,664 139,408 109,804 301,624 92,492 73,497 121 ,06l 98,385 226,069 201,936 881,924 116 5,290 156,452 8,908 22,534 241,377 17 813 45,947 4,6o4 6,485 288,610 140,948 110,623 6 16 7 1,611 1,894 1,017 76,313 59,408 27,304 5,906 2,564 2,04(4 7,681 4,859 2,916 302,666 92,707 74,428 121,780 99,096 227,616 22 2 5 5 3 2,918 1,379 1,091 . 2,195 394 95,856 31,462 18,871 31,166 24,871 3,880 2,256 1,503 3,132 1,216 6,931 2,184 1,879 2,850 2,464 13 1,482 34,662 3,166 5,784 13 752 65,324 2,903 4,551 163 101,837 16,636 18,635,504-1,148,643 8,209,113 1,043,721 1 ,263,227 618,061 457,741 2,906,113 559,827 366,506 540,589 372,382 1 ,149,581 Form FR—283-c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BAMS OH OCTOBER 11, 1939 (in thousands of dollars) LIABILITIES Total F. R. notes in actual cir culation 4,757,812 Deposits* Member bank-reserve account n ,156 U.S.Treasurer-General account 403,535 Foreign bank 444,207 Other deposits 297,400 Total deposits 12,884,298 Deferred availability items 641,620 Other liabilities including accrued dividends 4,371 Phila. 404,130 1,199,211 335,192 592,811 6,314,981 25,367 77,339 32,081 156,940 6,232 197,361 559,791 625,036 274,124 13,852 33,039 35,203 43,342 41,555 19,214 13,117 ... .13*150. 1,607 630,102 712,780 330,148 45,130 76,605 58,215 656,491 6,746,621 63,746 142,158 323 1,344 844 Cleve. Rich. . Atlanta Chicago St.Louis Minn. Kans.Cy. ]Dallas 1 San Fran. Boston New York 440,672 214,653 159,219 1,041,354 186,183 137,705 178,095 363 110 83,643 377,755 204,751 1,621,340 281,137 151,951 281,852 211,007 31,276 40,178 29,207 36,806 27,272 28,164 54,066 12,958 10,277 12,958 12,958 15,639 7,682 7,497 8,048 4,508 434 1,560 620,375 25,832 32,219 36,204 259,348 1,723,081 331,350 203,542 322,516 253,689 26,285 96,427 31,518 15,977 29,693 23,851 714,630 32,015 172 409 174 149 163 103 217 TOTAL LIABILITIES 18,288,101 1,124,690 8,089,334 1 ,011,268 1,230,420 603,126 445,024 2,861,271 549,225 357,373 530,467 361,286 1,124,617 C A P I T A L A CO 0 UN T S 13,802 3,993 2,918 4,302 4,049 Capital paid in 12,116 13,736 5,117 4,561 135,561 10,622 9,384 50,911 22,666 13,696 5,630 3,892 Surplus (Section 7) 10,083 149,152 4,685 3,613 9,965 4,9 83 52,463 3,153 14,323 1,266 4,416 1,001 1,142 Surplus (Section 13b) 27,264 1,429 2,121 2,874 7,457 1,007 3,293 545 713 1,813 2,061 35,426 8,948 2,256 Other capital accounts 1,542 1,065 1,612 6,945 1,379 1,889 3,691 2,225 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 18,635,504 1,148,643 8,209,113 1,043,721 1,2.63,227 618,061 457,741 2,906,113 559,827 366,506 540,589 372,382 1,149,581 Contingent liability on bills purchased 12 2 101 10 10 4 4 7 for foreign correspondents 7 36 3 3 3 Commitments to make industrial 583 472 1,898 990 1,412 912 79 27 416 64 advances 10,328 3,475 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 1 Year 2 Years to Over 16 to Within 6l to 91 days to 6 months 31 to 6 months to 1 Year to 2 Years 5 Years 5 Years Total 15 days 30 days 60 days 90 days — — — 288 296 Bills discounted 114 6,514 45 3,455 2,316 — — — — Bills bought — 498 232 99 74 93 Industrial advances 1,210 11,803 120 2,265 2,852 407 1,395 1,191 2,363 U. S. Government securities, direct and guaranteed 2,764,896 29,137 105,748 48,940 125,380 1,218,556 138,783 161,705 347,365 589,282 Form FR-283-d FEDERAL RESERVE NOTE STATEMENT Oil OCTOBER 11, 1939 (In thousands of dollars) Total Boston New York Phila. Federal Reserve notest Issued to F.R.bank by F.R.agent Held by Federal Reserve bank In actual circulation Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran. 5,033,030 429,281 1,285,049 352,265 461,738 224,583 169,759 1,064,287 198,210 141,997 186,963 91,639 427,309 275,268 25,151 85,838 17,073 21,066 9,930 10,540 22,933 12,027 4,292 8,868 7,996 49,554 4,757,812 404,130 1,199,211 335,192 440,672 214,653 159,219 1,041,354 186,183 137,705 178,095 83,64-3 377,755 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 5,138,000 440,000 1,305,000 360,000 463,000 225,000 174,000 1,080,000 199,000 143,500 190,000 94,500 464,000 2,440 420 1,129 115 — 340 — — 110 6 320 — 5,140,440 440,420 1,306,129 360,115 463,000 225,340 174,000 1 ,080,000 199,110 143,506 190,320 94,500 464,000
@FedFRASER