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Form FR-283 STATEMENT FOE THE PRESS Released for publication Friday morning, Oct, 65 not earlier. Board of Governors of the Federal Reserve System October 5, 1939 CONDITION OF FEDERAL RESERVE BANKS During the week ended October 4 member bank reserve balances increased $51,000,000. Additions to member bank reserves arose from increases of $33,000,000 in gold stock and $6,000,000 in Treasury currency and decreases of $83,000,000 in Treasury deposits with Federal Reserve banks and $10,000,000 in Treasury cash offset in part by a decrease of $9,000,000 in Reserve bank credit and increases of $71,000,000 in money in circulation, and $2,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on October A were estimated to be approximately $5,360,000,000, an increase of $30 ,000,000 for the week. The principal change in holdings of. bills and securities was a decrease of $19,000,000 in holdings of United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended October A, 1939, were as follows» Increase or decrease since Oct. A, 1939 Sept. 27, 1939 Oct. 5, 1938 (In millions of dollars) Bills discounted 7 1 Bills bought U, S. Government securities,direct ard guaranteed 2,785 Industrial advances (not including 10 million commitments ~ October A) 12 Other Reserve bank credit 33 + 1 + 9 + 2,837 — — — - 19 + 221 — 3 27 Total Reserve bank credit Gold stock Treasury currency 16,958 2,920 - 9 + 33 + 6 + 2AA +3,146 + 179 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F.R. accounts 11,672 7,309 2,250 469 1,015 + + + +3,351 + 669 - 559 - 301 + 408 51 71 10 83 2 As Thursday, October 12, will be observed as a holiday in most Federal Reserve bank cities, the statement for next -meek will be issued on Friday, October 13 . Fora -SB-283-a Released for publication Friday morning, Oct. 6,1939; not earlier, STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept. 27, Oct, 5, Oct. 4, .„.1222__ .....1918 ASSETS Gold certificates on hand and + 39,500 +3,729,004 due fron U. S. Treasury 14,696,217 + 1,661 Redemption fund - F. R, notes 133 9,005 42,265 Other cash -12i822 .. _J2iil52 +3 ,686,606 Total reserves +27,268 15,030,375 Bills discounted* Secured by U, S. Gov't obligations, 2,620 direct and guaranteed 1,277 295 2,024 + 688 + Other bills discounted 5,472 596 Total bills discounted 6,749 + 393 Bills bought in open market + 7 548 Industrial advances 3 »614 11,841 + 197 U, S. Government securities, direct and guaranteed: Bonds + 528,615 1,315,942 — Notes + 80,932 1,245,497 Bills - 18,913 - 388,666 223,457 Total U.S. Governnent securities, direct and guaranteed 2,784,896 - 18,913 + 220,881 Total bills and securities Due fron foreign banks F. R. notes of other banks Uncollected items Bank precises Other assets TOTAL ASSETS 2,804,034 176 20,583 666,514 42,082 68,951 - 18,323 + 216,678 + 4 2,986 216 + 19,876 + 3^,397 2,222 58 + 1,062 + .21,098 18,632,715 + 29,609 +3,953,567 4,732,133 + 48,407 + 469,273 + + 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 make industrial advances 11,671,664 469,127 466,137 ...... _309t4Q3. 12,916,331 633,483 50,326 82,763 1,443 5,490 +3,351,028 - 300,959 + 271,081 + 158,479 - 28,390 + 10,724 +3,4-79,629 + 6,798 18,285,762 r_..iuiji + 29,586 -22 +3,955,668 135,460 149,152 27,264 35,077 18,632,715 85,2$ 101 10,278 51 --- + 74 + 29,609 + «1% + + 1,475 1,413 418 4,571 +3,953,567 + 2.4% 56 239 3,321 Fona FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 4, 1939 (In thousands of dollars) A S S E T S Total Gold certificates on hand and due from U. S. Treasury 14,696,217 Redemption fund - F.R.notes 9,005 Other cash 325,153 Total reserves 15.030.375 Bills discounted! Secured by U.S. Gov't obligations, direct and guaranteed 1,277 Other bills discounted 5,472 Boston New York Phila. Cleve, Rich,, Atlanta Chicago St.Louis: Minn. K a n s r. Cy,. Dallas San Fran, 859,424 7,010,44-1 1,792 214 28,104 81,121 719,107 546 27,973 860,899 382,051 307,591 2,449,484 423,831 264,430 348,981 235,923 548 663 350 705 1,252 883 432 593 22,378 21,823 17,207 42,562 14,462 8,460 18,454 14,942 834,055 1,027 27,667 887,742 7,093,354 747,626 883,982 405,126 325,346 2,492,709 439,176 273,240 368,028 251,297 862,749 410 — 387 • 2,213 115 321 63 472 535 51 336 322 20 151 34 400 60 236 418 24 1,035 171 19 645 434 296 2 7 96 — — 87 480 17 157 75 633 87 2 846 480 16 202 174 16 536 708 39 1,074 Total bills discounted 6.749 Bills bought in open market 548 Industrial advances 11,841 U. S. Governnent securities, direct and guaranteed: Bonds 1,315,942 Notes 1,245,497 Bills 223,457 4-10 41 1,595 2,600 213 2,024 436 56 3,096 95,114 90,022 16,151 418,066 395,688 70,991 113,204 107,143 19,223 136,887 66,230 52,202 129,559 62,684 49,408 23,245 11,246 8,864 143,485 43,984 34,933 57,502 46,772 135,804 41,629 33,063 54,426 44,266 24,365 7,469 5,932 9,764 7,942 107,563 101,805 18,265 Total U.S.Gov't securities. direct and guaranteed 2,784-,896 201,287 884,745 239,570 289,691 140,160 110,474 303,654 93?082 73,928 121,692 98,980 227,633 Total bills and securities 238D4i0'34 203,333 889,582 66 4,529 162,018 8,908 22,128 243,158 290,613 141,637 111,309 6 16 7 1,727 1,608 1,783 74,091 54,633 26y129 5,906 2-564 2,044 7,592 4,027 2-898 304,602 93,387 74,863 122,390 99,706 229,454 2 22 5 5 3 2,418 1,543 1,274 1,841 511 90,896 31,656 19,324 30,728 26,389 3,880 2,256 1,503 3,132 1,216 6,861 2,157 1,855 2,811 2-429 13 1,953 33,873 Due fron foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 176 20*583 666,514 42,082 68,951 13 492 68,133 2,903 4,495 18 904 48,644 4,6o4 5,980 69 445 3,166 5,-718 13,632,715 1,167,111 8,180,585 1,050,934 1,263,927 609,602 469,515 2,901,388 570,178 372,06l 528,935 3S1>555 1 ,136,926 Form FR-283^c LIABILITIES Total F. R. notes in actual cir culation 4,732,133 Deposits: Member bank-reserve account 11,671,664 U.S.Treasurer-General account 469,127 Foreign bank 466,137 Other deposits 309,403 Total deposits 12,916,331 Deferred availability items 633,483 Other liabilities including accrued dividends 3,815 STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON OCTOBER 4, 1939 (in thousands of dollars) Phila. Boston New York Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. 1,196,981 402,045 : 330,565 434,547 208,923 158,092 1,039,533 185,613 138,005 178,373 83,451 376,005 596,204 16,283,681 60,033 38,993 33,398 167,082 6,791 206,772 559,247 23,837 45,12L 12,440 627,541 38,303 43,260 14,116 607,605 26,920 33,540 36,671 675,386 6,717,568 65,419 145,083 640,645 46,927 723,220 334,682 273,278 1,723,742 342,367 208,652 310,544 261,511 '• 704,736 31,060 92,935 31,435 16,135 29,737 25,398 73,083 50,990 25,281 1,328 383 323 349 1,747 101 6,864 168 56,284 13,490 10,699 13,490 13,490 8,368 8,247 5,487 391 1,509 338 170 146 183 116 210 18,285,762 1,143,173 8,060,960 1,018,520 1,231,199 594,696 456,819 2,856,548 559,585 362,938 518,837 370,476 1 ,112,011 m C A P I T A L A C C O U N T SC3 10,618 13,800 3,995 2,918 4,302 4,049 13,768 5,117 4,56l Capital paid in 12,116 50,832 9,384 135,460 22,666 4,685 3,153 3,613 3,892 9,965 13,696 Surplus (Section 7) 52,463 149,152 10,083 14,323 4,983 5,630 2,121 545 1,001 1,142 1,266 1,429 4,416 1,007 3,293 Surplus (Section 13b) 713 2,874 7,457 27,264 2,211 6,945 1,368 2,051 1,04! 1,870 2,186 3,630 1,513 1,792 Other capital accounts 1,597 35,077 8,873 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 18,632,715 1,167,111 8,180,585 1,050,934 1,263,927 609,602 469,515 2,901,388 570,178 372,061 528,935 381,553 1,136,926 Contingent liability on bills purchased 12 for foreign correspondents 10 4 4 3 2 10 3 7 3 101 7 36 Commitments to make industrial 3,543 27 583 advances 1,408 891 79 1,898 413 64 10,278 900 472 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 1 Year 2 Years to Over 61 to 91 days to 6 months Within 16 to 31 to 5 Years Total 15 days 6 months to 1 Year to 2 Years 5 Years 30 days 60 days 90 days — — --28 3,547 133 237 Bills discounted 6,749 2,451 353 ------— — Bills bought 140 548 255 153 —— 2,409 2,117 1,191 1,217 1,406 2,973 Industrial advances 395 11,841 133 U. S*. Government securities, 569,282 1,218,556 347,365 138,783 direct and guaranteed 141,173 161,705 2,784,896 36,637 27,440 123,955 TOTAL LIABILITIES Form PH—283-d FEDERAL RESERVE NOTE STATEMENT Oil OCTOBER 4, 1939 (in thousands of dollars) Total Boston New York Phila, Federal Reserve notes: Issued to F.R.ban^c by F.R.agent Held by Federal Reserve bank In actual circulation Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 5,002,399 431,405 1,276,001 345,571 455,646 221,461 168,426 1,061,294 195,476 1/1,620 185,775 91,157 428,567 270,266 29,360 79,020 15,006 21,099 12,538 10,334 21,761 9,863 3,615 7,402 7,706 52,562 4,732,133 ¿02,045 1,196,981 330,565 434,547 208,923 158,092 1,039,533 185,613 138,005 178,373 83,451 376,005 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 5,108,000 440,000 1,290,000 350,000 460,000 225,000 174,000 1,030,000 199,000 143,500 188,000 94,500 464,000 2,406 410 1,180 115 — 276 — — }10 6 309 — — 5,110,406 440,410 1,291,180 350,115 460,000 225,276 174,000 1,080,000 199,110 143,506 188,309 94,500 464,000
@FedFRASER