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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, Oct. 20; not earlier. Board of Governors of the Federal Reserve System October 19, 1939 CONDITION OF FEDERAL RESERVE BANKS During the week ended October 18 member bank reserve balances increased $168,000,000. Additions to member bank reserves arose from decreases of $55,000,000 in Treasury deposits with Federal Reserve banks, $41,000,000 in non member deposits and other Federal Reserve accounts, $22,000,000 in Treasury cash and $16 ,000,000 in money in circulation and increases of $24,000,000 in gold stock, $7,000,000 in Reserve bank credit, and $3,000,000 in Treasury currency. Excess reserves of member banks on October 18 were estimated to be approximately $5,510,000,000, an increase of $110,000,000 for the week. The principal change in holdings of bills and securities was a decrease of $17,000,000 in holdings of United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended October 18, 1939, were as follows* Increase or decrease since Oct. 18, 1932 . Oct. il, .-„192ÌL . Oct. 19, ..._19J8_„. (in mil.lions of dollars) 6 1 2,7AS « 1 - 17 4- 12 51 — + 25 + Total Reserve bank credit Gold stock Treasury currency 2,817 16,997 2,927 + 7 + 24 + 3 + 228 +2,989 + 181 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with, F. R. banks Nonmember de-posits and other F. R. accounts 11,907 7,330 +168 - 16 349 - 22 - 55 - /I +3,214 + 662 - 554 - 260 + 336 9 39 — i —1 2,216 __ "4* to Bills discounted Bills bought U. S. Gov’t securities, direct and guaranteed Industrial advances (not including 10 million commitments - October IS) Other Reserve b^nk credit 3 49 Forn FR—283**a Released for publication Friday norning, Oct. 20,1939; not earlier. STATEMENT OF CONDITION OF THE TH5ELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Increase or decrease since Oct. 19, Oct. 11, Oct. 18 , 1938 1939 _12X9 ASSETS Gold certificates on hand and due fron U. S. Treasury Redenption fund - F. R.notes Other cash 14,769,206 9,777 332,383 + 43,491 + 790 + 17,189 +3,571,997 + 112 - 41,92.9 Total reserves Bills discounted: Secured by U, S. Gov’t obligations, direct and guaranteed Other bills discounted 15,111,366 + 61,470 +3,530,180 1,082 249 642 2,388 Total bills discounted Bills bought in open market Industrial advances U. S. Governaent securities, direct ond guaranteed: Bonds Notes Bills Total U.S. Governraent securities, direct and guaranteed 5,623 415 11,787 Total bills and securities Due from foreigi banks F. R. notes of other banks Uncollected itens Bank prenises Other assets TOTAL ASSETS 1,939 891 449 83 16 3,659 126 — + 528,615 + 80,932 - 16,637 - 425,303 2,748,259 - 16,637 + 184,244- 2,766,084 308 23,185 802,576 42,087 68,663 - 17,627 83 + + 2,349 +134,940 + 5 - 2,455 + 180,010 128 + 1,190 + 84,274 2,218 + .20*921 18,814,2.69 +178,765 +3 ,812,115 in 4,756,457 — 1—l + 1,315,942 1,245,497 186,820 I LIABILITIES F. R. notes in actual circulation Deposits: Menber bank — reserve account U.S. Treasurer- General account Foreign baiik Other deposits Total deposits Deferred availability itens 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 Connitnents to nake industrial advances 4,541 + 467,637 11,906,847 349,137 414,705 283,540 12,954,2.29 752,250 +167,691 - 54,398 - 29,502 - 13,860 +3 ,213,658 259,965 + 217,333 + 139,087 + 69,931 +110,630 +3,310,113 + 36,200 _ ... .2,935 18,466,871 =. +178,770 - 135,569 149,152 27,264 ... ._25j412. 18,814,269 + 1,586 1,413 419 — . 4*151 +3 ,812,115 85,3% 101 10,236 8 — — r J2 +178,765 — — 92 260 +3 ,813,690 + + 2.2% ~ 237 4,301 - Form FR-283—b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON 00T05ER 18, 1939 (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 1-4,769,206 Redemption fund - F.R. notes 9,777 Other cash 332,383 848,210 7,129,336 1,520 1,161 28,868 86,255 725,538 454 28,392 865,332 377,953 277,459 2,466,276 410,332 246,059 345,488 220,679 856,544 376 857 338 568 601 957 1,057 415 1,473 21,4-94 21,709 17,908 43,174 14,250 8,687 18,881 15,789 26,976 878,239 7,217,111 754,384 887,427 400,619 295,743 2,510,507 425,439 255,084 364,937 236,883 290 1,482 90 Total reserves 15,111,366 Bills discounted: Secured by U.S.Gov1t obligations, direct and guaranteed 1,082 Other bills discounted 4,541 Total bills discounted 85 — Cleve. Rich* Atlanta Chicago £it»Louis 321 113 468 165 342 10 135 125 417 507 24 1,017 145 19 645 542 69 445 60 Minn. Kans*Cy* Dallas San Fran, 60 884,993 146 123 647 4 114 50 346 206 153 2 707 16 201 118 16 532 396 30 1,772 80 1,998 411 581 Bills bought in open market 415 Industrial advances 11,787 U* S. Government securities, direct and guaranteed! 1,315,942 Bonds Notes 1,245,497 186,820 Bills 85 41 1,574 55 3,128 51 340 95,162 90,067 13,510 417,034 394,710 59,205 113,145 107,087 16,063 136,934 66,452 52,310 129,604 62,896 49,509 19,440 9,434 7,426 143,618 44,053 35,020 57,716 46,872 107,626 135,929 41,695 33,146 54,626 44,364 101,864 20,389 6,254 4,972 8,194 6,654 15,279 Total U.S.Gov*t securities, direct and guaranteed 2,748,259 198,739 870,949 236,295 285,978 138,782 109,245 299,936 92,002 73,138 120,536 97,890 224,769 Total bills and securities, 2,766,084 Due from foreign banks 308 F.R.notes of other banks 23,185 Uncollected items 802,576 Bank premises 42,087 Other assets 68,663 200,439 13 950 80,909 2,903 4,470 874,799 199 5,681 201,496 8,908 21,975 239,889 17 1,120 58,904 4,6o4 5,945 286,950 140,330 110,054 6 16 7 1,676 2,293 2,090 87,180 67,780 30,352 5,906 2,564 2,044 7,565 4,028 2,894 300,992 92,217 74,131 121,460 98,556 226,267 22 2 5 5 3 13 2,561 2,026 534 2,247 843 1,184 107,224 35,220 23,315 34,923 31,808 43,465 3,166 3,880 2,256 1,508 3,132 1,216 6,870 2,141 1,853 2,007 2,412 5,703 TOTAL ASSETS 5,623 2 7 838 40 1,062 18,814,269 1,167,903 8 ,330,169 1 ,064,863 1,276,720 617,621 443,183 2,932,056 559,302 356,736 528,448 371,414 1,165,854 Form FR—2Ö3~c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 18, 1939 (in thousands of dollars) LIABILITIES F.R. notes in actual cir culation Deposits! U.S.Treasurer—General account 34-9,137 Foreign bank 414-,705 Other deposits 283,540 Boston New York Phila. 403,837 1,195,041 331,883 605,613 6,399,065 582,181 11,643 40,506 9,480 20,211 29,976 6,620 95,951 146,222 193,399 Total deposits 12,954,229 ..662,420 6 ,834,637 Deferred availability items 752,250 77,337 179,280 Other liabilities including accrued dividends 1,356 3,935 337 643,810 56,316 Cleve. Rich. Atlanta Chicago St.Loui® 30,113 22,083 24,510 38,8^6 17,956 14,616 7,799 1,540 6,185 Minn. Kans.Cy. Dallas San Fran. 25,642 24-,253 30,543 17,528 22,988 50,528 12,110 9,605 12,110 12,110 6,227 8,424 4,576 1,086 2,088 23,672 30,130 36,116 720,826 318,039 242,133 1 ,736,630 326,048 190,916 306,837 246,054 725,879 84,371 63,857 28,685 404 377 105 177 106,717 35,364 18,819 33,133 30,351 38,020 168 106 22.9 369 154 153 18,466,871 1,143,931 8,210,314 1,032,413 1,243,920 602,693 430,474 2,887,177 548,734 >47,616 518,357 360,332 1¿40,910 C A P I T A L A C C O U ] :i T s Capital paid in 12,116 13,790 5,118 4,561 13,803 3,993 2,919 4,303 4,049 10,622 9,384 50,911 135,569 22,666 4,685 3,153 3,613 3,892 9,965 5,630 52,463 13,696 Surplus (Section 7) 10,083 4,983 149,152 14,323 1,142 1,266 2,121 1,001 1,429 4,416 545 1,007 Surplus (Section 13b) 713 27,264 7,457 2,874 3,293 6,981 2,047 1,033 1,875 2,236 3,680 1,805 1,3*5 2,222 9,024 1,534 Other capital accounts 1,631 35,413 TOTAL LIABILITIES AND 18,814,269 1,167,903 8,330,169 1 ,064,863 1,276,720 617,621 443,183 2,932,056 559,302 356,736 528,448 3 71,4l41,165,854 CAPITAL ACCOUNTS Contingent liability on bills purchased for 2 12 3 3 7 4 10 4 foreign correspondents 10 101 3 7 36 Commitments to make industrial 576 — 3,426 64 27 892 79 415 10,236 advances 1,892 1,407 965 493 MATURI:TY DISTRIBUTION OF BILLS AND SECURITIES TOTAL LIABILITIES Bills discounted Bills bought Industrial advances U. S. Govemnent securities 9 direct .and guaranteed Total 5,62.3 415 11.787 2,748,259 Within 15 days 1.,255 16 to 30 days 297 99 1,442 310 27,440 54,675 31 to 60 days 3,,539 93 419 210,453 61 to 90 days 307 223 li>113 91 days to 6 months 6 months to 1 Year 66 159 — — 2,038 1,135 161,705 138,783 1 Year to 2 Years 2 Years to 5 Years Over 5 Years — — — — 2,966 — 2,364 — 347,365 589,282 1,218,556 Form FR—2ß3~d FEDERAL RESERVE NOTE STAIEHEIJT OK OCTOBER 13, 1939 (in thousands of dollars) Total Boston llevi York Phila, Federal Reserve notes: 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, 5,060,226 431,718 1,284,768 353,234 461,042 231,356 170,176 1,031,355 197,839 142,673 136,900 90,827 428,333 303,769 27,381 89,727 21,351 22,696 10,664 10,697 37,394 10,671 4,950 8,681 7,006 51,551 4,756,457 403,837 1,195,041 331,883 433,346 220,692 159,479 1,043,461 187,168 137,723 173,219 83,8.21 376,782 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 5,162,000 >440,000 1,305,000 360,000 463,000 235,000 174,000 1,090,000 203,000 143,500 190,000 94,500 464,000 1,557 85 344 90 — 365 — — 110 50 513 5,163,557 440,085 1,305,344 360,090 463,000 235,365 174,000 1,090,000 203,110 143,550 190,513 94,500 464,000
@FedFRASER