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Forra FR~283 STATEMENT Released for publication Friday morning, Sept. 30; not earlier, FOR THE PRESS Board of Governors of the Federal Reserve System September 29, 1938 CONDITION OF FEDERAL RESERVE BANKS During the week ended September 28 member bank reserve balances increased #183,000,000# Additions to member bank reserves arose from decreases of $>53,000,000 in Treasury deposits with Federal Reserve banks, $17,000,000 in Treasury cash and $>5,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $126,000,000 in gold stock and $3,000,000 in Treasury currency, offset in part by an increase of $22,000,000 in money in circulation* Excess reserves of member banks on September 28 were estimated to be approximately $2,890,000,000, an increase of $150 ,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended September 28, 1938, were as follows! Increase or decrease since Sept . 28, Sept. 21, 1938 Sept. 29. 1937 (In millions of dollars) Bills discounted 9 Bills bought 1 U. S. Government securities 2,564 Industrial advances (not including 14 million commitments - September 28) 16 Other Reserve bank credit 8 Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F. R. accounts + 1 — — - 15 - + 2 38 — + 1 - 5 + 9 2,597 13,714 2,738 + 1 +126 + 24 + 3 +142 8,197 6,574 +I83 + 22 - 17 - 53 - 5 +1,164 + 54 - 759 + 724 37 2,816 864 598 +980 Form FR-283-a Released for publication Friday morning, September 30,1938$ not earlier, ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept. 28, 1938 Sept, 21y 1938 Sept. 29, 1937 10,863,222 9,611 382.521 +143,481 + 921 - 818 +1,735,830 - 811 +66.378 11,255,354 +143,554 +1,801,397 6,008 + 502 + 327 - 5,943 - 8.606 Total bills discounted 9,o4l + 829 -14,549 Bills bought in open market Industrial advances U, S, Government securities: Bonds Treasury notes Treasury bills 54-1 15,677 + ~ 1 6 - 2,485 - 4,921 789,327 1,166,065 608.623 + 672 + 860 .-1x522 +51,254 + 8,352 -21,781 2,564,015 — +37,825 2,589,274 180 26,494 560,579 44,348 47.607 + 824 1 - 537 -50,242 - 57 + 892 +15,870 - 10 - 876 -76,480 - 1,166 + 9.655 14,523,836 +94,463 +1,748,390 F. R. notes in actual circulation Deposits 1 Member bank - reserve account U. S. Treasurer - General account Foreign bank Other deposits 4,219,484 +18,315 -26,784 8,197,488 864,481 183,225 153.686 +183,952 -52,597 -*12,274 + 7.676 +1,164,655 +724,208 - 60,153 + 28,074 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 9,398,880 552,626 133,998 147,739 27,683 32,741 10.685 +126,757 - 51,075 + 466 +1,856,784 - 85,138 + 1,394 + 1,885 + 193 - 3,062 + 3.118 14,523,836 + 94,463 +1,748,390 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 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 ........ 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 82,6$ +•1 +2.4$ 157 -77 -1,181 13,597 +44 -1,283 Form FR—283-b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 28, 1938 (in thousands of dollars) A S S E T S Total Boston New York Phila, Gold certifcates on hand and due from U. S. Treasury 10 ,863,222 655,4D4 4,541,843 486,922 Redemption fund - F.R. n< is 9,611 667 727 1,515 Other cash 382,521 41,825 109,667 31,103 Total reserves Bills discounted* Secured by U,S.Gov’t ob! direct or fully guaran' Other bills discounted 11,255,354 697',896 4,653,025 518,752 ;ations, ¡d 6,008 3,033 Total bills discounted Bills bought in open market Industrial advances U.S. Government securities* 3onds Treasury notes Treasury bills 9,04l 54l 15,677 Cleve. Rich. Atlanta Chicago St,Louis Minn* Kans.Cy, Dallas San Fran* 745,866 354,969 252,244 2,032,823 323,500 237,029 307,730 198,259 268 688 118 714 967 847 815 335 15,808 8,938 16,597 11,879 24,927 19,514 12,493 54,813 726,633 771,640 375,298 265,072 2,088,350 340,275 246,655 324,445 210,4o6 763,540 1,950 34,957 120 26 3,512 731 524 582 652 177 152 277 63 488 135 34 254 31 77 28 57 210 109 281 353 168 146 4o 2,365 4,243 214 3,678 1,106 829 49 671 429 551 19 118 169 67 437 285 2 44 105 2 1,098 267 16 420 390 16 830 521 38 1,280 36,520 26,156 53,952 38,639 28,159 20,168 64,016 94,569 49,361 55 3,269 23 1,467 789,327 60,400 1,166,065 89,231 608,623 46,572 240,167 71,043 354,796 104,949 185,184 54,779 73,964 39,165 34,231 109,267 57,860 50,570 57,031 30,199 26,395 85,838 126,806 66,187 Total U.S.Qov’t securities! 2,564,015 196,203 780,147 230,771 240,262 127,224 111,196 278,831 ll4,4n 84,963 207,946 Total bills and securities 788,282 235,201 66 18 4,429 985 125,537 43,504 9,84l 4,731 4,624 14,327 241,811 129,143 111,884 279,504 114,742 74,635 119,334 86,199 2 5 5 22 3 2,828 521 2,147 1,984 2,169 73,697 25,311 15,802 28,953 20,867 1,276 4,516 1,542 2,310 3,109 1,537 1,862 2,009 4,559 1,493 209,785 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 2,589,274 198,754 14 180 26,494 2,726 560,579 64,260 44,348 2,959 47,607 3,105 8 7 1,480 1,143 65,523 46,662 19,781 2,64l 2,087 6,067 2,224 4,990 2,950 17 1,368 35,222 22,605 52,031 33,395 27,158 17,430 73,430 118,631 13 4,714 30,682 3,269 3,9Z7 14,523,836 969,714 5,595,507 807,815 1,091,416 558,182 402,198 2,453,476 486,650 342,113 480,024 320,811 1,015,930 Form FR—233*-c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 28, 1938 (in thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas F.R.notes in actual circulation Deposits* Member bank — reserve account U.S.Treasurer - General account Foreign bank Other deposits 4 ,219,484 362,661 8,197,4-88 407,924- 4,058,800 354,499 864,481 103,620 185,810 51,881 183*225 13,149 66,165 17,897 153,686 4,778 88,608 2,831 472,037 223,953 158,714 1,254,517 222,043 117,773223,859 168,845 Total deposits Deferred availability items Capital paid in Surplus (Section 7 ) Surplus (Section 13 b) Reserve for contingencies All other liabilities 9,398,880 529,471 4,399,383 427,108 584,347 296,900 228,259 1,373,745 274,145 183,292 273,564 208,219 64,389 45,618 19,434 75,685 27,001 16,lo4 31,181 23,617 4,196 13,388 4,991 4,469 13,277 3,921 2,908 3,947 3,892 14,323 4,964 5,626 22,387 4,667 3,153 3,613 1,142 1,270 1,007 3,409 730 1,429 545 1,001 3,176 1,401 1,603 7,090 1,215 1,887 935 1,776 907 456 705 1,325 422 591 445 309 TOTAL LIABILITIES 552,626 133,998 147,739 27,683 32,741 10,685 53,216 9,4-07 9,900 2,874 1,448 737 952,692 305,433 12L,479 42,304 50,936 12,214 51,943 13,466 7,744 4,4ll 8,210 2,000 3,120 879 409,879 200,443 141,372 84,992 16,801 10,517 62,268 52,429 7,853 6,392 2,826 10,724 San Fran. 958,538 174,734 133,177 164,948 77,781 95,447 21,732 2,049 40,855 58,66642,893 31,485 5,478 4,2005,296 5,296 5,769 2,6531,516 2,593 620,447 32,598 10,344 9,805 2,121 2,000 789 11 56 15 14 7 5 19 5 4 5 5 11 1,343 3,684 284 1,488 1,771 177 17 636 237 352 51 3,557 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 534,524 54,135 12,966 18,822 14,523,836 969,714 5,595,507 807,815 1,091,416 558,182 402,198 2,453,476 486,650 342,113 480,024 320,811 1,015,930 Contingent liability on bills purchased for foreign correspondents 157 Commitments to make industrial advances 13,597 Bills discounted Bills bought Industrial advances U. S/ Government securities 337,826 Total Within 15 days 16 to 30 days 31 to 60 days 61 to 90 days 91 days to 6 months 6 months to 1 Year 9,04l 541 15,677 2,564,015 7,610 94 1,303 106,500 450 166 108 79,757 427 281 743 191,385 405 146 3 1,83.3 128,134 — 3,381 155,663 — 663 186,413 — 1 Year to 2 Years .-.ft-» --- 5,133 398,744 2 Years to Over 5 Years 5 Years .. T --- 2,533 ““ 608,687 708,732 Form FR—283—d FEDERAL RESERVE NOTE STATEMENT ON SEPTEMBER 28, 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 4,515,397 385,659 1,050,114 322,603 4-32,384 212,4-56 154,245984,271 188,44o 138,113 175,601 85,757 385,754 Held by Federal Reserve bank 295,913 22,998 97,422 17,170 22,505 12,013 12,873 25,733 13,706 4,936 10,653 7,976 47,928 I?.,.actual circulation 4,219,484 362,661 952,692 305,433 409,879 200,443 l4l,372958,538 174,734 133,177 164,948 77,781 337,826 Collateral held by agent as secu rity for notes issued to bank* Gold certificates on hand and due from U. S. Treasury 4,604,000 390,000 1,062,000 327,000 436,000 215,000 161,000 1 , 010,000 190,000 l4l,500 180,000 Eligible paper 8,267 120 4,222 721 699 381 4l9 169 279 92 256 i t Total collateral 87,500 404,000 390 519 4 , 612,267 390,120 1,066*222 327,721 436,699 215,381 161,419 1,010,169 190,279 l4l,592 180,256 87,890 4o4,519
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