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Form FR—283 STATEMENT FOR THE PRESS Released for publication Friday morning, Oct* 21; not earlier* Board of Qovernors of the Federal Reserve System October 20, 1938* CONDITION OF FEDERAL RESERVE BANKS During the week ended October ¿9 member bank reserve balances increased $293,000,000, Additions to member bank reserves arose from decreases of ■$42,000,000 in Treasury cash, $94,000,000 in Treasury deposits with Federal Reserve banks and $33,000.000 in nomember deposits and other Federal Reserve accounts and increases of $139,000,000 in gold stock and <$2,000,000 in Treasury currency, offset in part by a decrease of #16,000,000 in Reserve bank credit. Excess re serves of member banks on October 19 were estimated to be approximately $3,270,000,000, an increase of $220,000,000 for the week* Changes in member bank reserve balances and related items during the week and the year ended October 19, 1938, were as follows« Increase or decrease since Oct, 19, ...,.,123.8 Oct, 12 , ...1238.- Oct, 20, -J2 2 Z -- (In millions of dollars) Bills discounted Bins bought U. S. Government securities Industrial advances (not including 15 million commitments - October 19) Other Reserve bank credit Total Reserve bank credit OQld stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F, R, banks Nonmember deposits and other F, R, accounts 6 1 2,564 ~ 3 + 12 2 38 4 4 15 2 - 1 - l4 + 2,589 14,008 2,746 - 16 +139 + 2 + 24 +1,215 + l4i 8,693 6,668 2,770 609 603 +293 + 1 - 42 • 94 - 33 +1,754 + 122 - 884 + 527 - i4o Form FR-283-a Released for publication Friday morning, October 21,1938; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Oct. 19, 1938 Oct. 12, 1938 Oct. 20, 1937 11,197,209 9,665 374,312 +176,998 4 +11.101 +2,070,820 + 227 +70,409 11 ,581,186 +188,095 +2,141,456 3,470 -2,636 - 591 - 9,723 - 2,689 -3,227 -12,412 6l - 2,289 - 4,032 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund — F. R. notes Other cash Total reserves Bills discountedt 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 Total U.S.Government securities Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 2,602 6,072 541 15,4-46 — 787,327 1,164,565 612,123 — +49,254 + 6,852 -18,281 2,564,015 — +37,825 2,586,074 180 24,375 718,302 44,305 ...A7iZ32 -3,288 +1,843 +100,908 -1,117 +19,092 + 7 - 4,056 +4,04l -1,150 + 8.053 15,002,154 +286,441 +2,167,443 4,288,820 + 7,717 +18,597 8,693,189 609,102 197,372 .. 144_,4_53_ +292,971 -94,305 - 2,090 -rilA834.. +1,754,387 +527,545 - 79,072 - 57.677 9,644,116 716,050 133,983 147,739 27,683 32,707 +164,742 +114,378 + 29 11,056 - 34 _~_J.91 +2,145,183 + 9 + 1,304 + 1,885 + 68 - 3,062 ♦ 3 /5 9 15,002,154 +286,441 +2,167,443 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 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 83.1% 338 + 181 - 1,517 Commitments to vxake industrial advances 14,537 + 84l - 17 + *3% + 2.9% Fona FR-283-b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE' BANKS ON OCTOBER 19, 1938 (in thousands of dollars) ASSETS Total Gold certificates on hand and due from U.S.Treasury 11,197,209 Redemption fund - F.R.notes 9,665 Other cash 374,312 Total reserves 11,681,186 Bills discounted! Secured by U.S.Gov’t obligations, direct or fully guaranteed 3,470 Other bills discounted 2,602 Total bills discounted 6,072 541 15,446 Boston New York 615 38,632 Phila* 652 1,316 112,391 32,422 756,912 4,884,247 543,217 Cleve* 763 23,172 677 603 8,264 16,288 763,409 948 15,437 72 15 1,072 235 561 544 350 228 109 215 208 452 225 86 205 50 132 87 41 2,294 1,307 212 3,633 1,105 55 3,157 578 50 650 324 23 1,461 660 19 178 311 67 433 255 2 43 222 2 1,088 36,947 54,649 28,725 32,096 47,473 24,953 125,535 471 28,943 42,812 22,503 62,242 92,064 48,391 257,820 120,321 104,522 276,589 106,791 56,815 113,248 94,258 202,697 259,098 122,129 105,379 277,200 107,091 58,127 114,164 95,357 204,484 17 1,324 74,585 6,067 5,323 6 8 2,094 2,207 59,454 26,922 2,641 2,087 2,776 2,169 go t •> 32,792 17,446 34,774 48,504 25,805 51,438 25,495 13,564 27,036 820,574 227,078 4,507 264 38 195,393 4,731 488 1,278 Total bills and securities 2,586,074 18 1,237 53,030 338 133 16 815,422 222,761 68 4,835 192,337 9,824 14,806 94 170 819 192,971 13 104 384 16 Total U,S,Govtt securities 2,564,015 1,468 70,957 2,959 3,080 90 412 79,168 117,101 61,551 638 51,269 733,348 377,493 261,435 2,114,429 355,675 249,102 327,276 214,643 250,391 68,403 370,360 101,177 194,671 53,181 TOTAL ASSETS 301 12,859 1,930 31,241 59,255 87,647 46,069 180 24,375 718,302 44,305 47,732 966 21,425 San Fran, 256 10,912 Bills bought in open market Industrial advances U. S. Government securities* Bonds 787,327 Treasury notes 1,164,565 Treasury bills 612,123 Due from foreign banks F.R, notes of other banks Uncollected items Bank premises All other assets Rich, Atlanta Chicago St#Louis Minn, Kans.Cy, Dallas 65,984 22 3,796 90,191 4,507 4,528 2 5 3 1,862 1,369 1,235 31,649 20,682 36,014 2,306 1,541 3,103 1,936 1,771 1,249 5 561 28,987 1,270 1,692 13 2,387 33,494 3,269 3,895 15,002,154 1,030,782 5,926,691 833,818 1,079,762 566,708 400,092 2,494,673 500,357 332,072 483,733 342,515 1,010,951 Fona FRr-283—c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 19, 1938 (In thousands of dollars) L I A B I L I T I E S Total F.R.notes in actual circulation 4,288,820 Deposits* Member bank — reserve account 8,693,189 U.S.Treasurer — General account 609,102 Foreign bank 197,372 Other deposits 144,453 Total deposits Deferred availability itens Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES for foreign correspondents Commitments to make industrial advances Cleve, Boston New York Phila, 371,616 972,616 306,249 461,769 -4,397,508 391,831 83,534 86,420 27,704 14,205 70,909 19,334 5,013 87,936 2,563 9,644,116564,521 4,642,773 441,432 716,050 133,983 147,739 27,683 32,707 70,249 9,411 9,900 2,874 1,448 11,056 763 Rich, Atlanta 411,694 208,861 147,106 Chicago St.Louis Minn. Kans.Cy. Dallas 966,271 180,470 134,622 166,075 79,832 >43,408 470,123 220,208 164,971 1,293,751 230,843 116,164 229,855 172,098 66,813 54,086 37,753 73,590 33,495 43,293 34,413 36,504 18,151 8,483 6,905 23,478 5,919 4,538 5,721 5,721 8,959 2,381 5,867 1,508 6,077 2,566 802 3,069 544,068 31,497 14,008 17,712 217,392 607,285 35,114 10,344 9,805 2,121 2,000 874 564,046 285,158215,496 1,392,327276,334 166,561 270,791 189,251 53,130 50,903 12,214 51,943 13,466 7,744 4,4ll 8,210 2,000 3,251 916 San Fran, 71,169 13,388 14,323 1,007 3,176 959 57,512 4,991 4,964 3,409 1,401 412 24,353 4,470 5,626 730 1,603 708 90,551 32,807 21,254 36,553 34,107 13,293 3,920 2,907 4,195 3,947 3,892 3,613 22,387 4,667 3,153 1,001 1,142 1,270 1,429 545 1,776 1,880 935 7,063 1,215 694 299 429 1,352 399 15,002,154 1,030,782 5,926,691 833,818 1079,762 566,708 400,092 2,494,673 500,357 332,072 483,733 342,515 1,010,951 338 24 121 33 31 15 12 4o 10 8 10 10 24 14,537 1,33? 4,595 265 1,475 1,737 175 15 624 227 529 51 3,512 MATURITY DISTRIBUTION OF BILLS AI© SECURITIES Bills discounted Bills bought Industrial advances U, S.Goverrment securities Total Within 15 days 16 to _3Q days 6,072 541 15,446 2,564,015 4,535 165 1,361 70,178 346 197 226 105,835 60 days 61 to 90 days 91 days to 6 months 6 months to 1 Year 496 85 718 193,573 435 94 702 188,358 239 21 31 to — 1,941 137,745 — 3,424 155,663 1 Year to 2 Years 2 Years to Over 5 Years 5 Years — — — — 4,798 398,744 2,276 607,337 1-T — 706,582 Form FR—28>-d FEDERAL RESERVE NOTE STATEMENT ON OCTOBER 19, 1938 (in thousands of dollars) Total Boston New York 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 4,580,026 390,346 1,080,932 322,233 433,605 219,623 159,o44 Held by Federal Reserve bank 291,206 18,730 108,316 15,984 21,911 10,762. 11,938 In actual circulation 4,288,820 371,616 972,616 306,249 411,694 208,861 147,106 988,903 192,319 139,169 175,680 88,188 389,984 22,632 11,849 4,547 9,605 8,356 46,576 966,271 180,470 134,622 166,075 79,832 343,408 Gold certificates on hand and due from U.S. Treasury 4,663,000 400,000 1,092,000 327,000 438,000 225,000 161,000 1,010,000 196,000 141,500 180,000 Eligible paper 5,308 72 1,277 729 403 324 580 311 25A 165 473 88,500 404,000 250 470 Collateral held by agent as secu rity for notes issued to bank* Total collateral 4,668,308 400,072 1,093,277 327,729 438,403 225,324 161,580 1,010,311 196,254 l4l,665 180,473 88,750 404,470
@FedFRASER