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Form FR—233 STATEMENT FOR THE PRESS Released for publication Friday morning, Sept. 8; not earlier. Board of Governors of the Federal Reserve System September 7, 1939 CONDITION OF FEDERAL RESERVE BANKS During the week ended September 6 member bank reserve balances increased $190,000,000. Additions to member bank reserves arose from increases of $195,000,000 in Reserve bank credit, $88,000,000 in gold stock and $3>000,000 in Treasury currency, and decreases of $63 ,000,000 in Treasury cash and ¿33»000,000 in Treasury deposits with Federal Reserve banks, offset in part by increases of $120,000,000 in money in circulation and $72,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on September 6 v;ere estimated to be approximately $4,970,000,000, an increase of $170,000,000 for the week. The principal change in holdings of bills and securities was an increase of $168,000,000 in United States Government securities, direct and guaranteed, of which $109,000,000 was in bonds and $59,000,000 in notes. Changes in member bank reserve balances and related items during the week and the year ended September 6, 1939, were as followsI Increase or decrease since Sept. 6, 1939 Aug. 30, 1939 Sept, 7, 1938 (in millions of dollars) --» 6 1 2,594 +168 12 30 Total Res-.’ve bank credit Gold f.:tock Treasury currency ¡.lecher bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmenber deposits and other F. R. accounts Bills discounted Bills bought U. S. Gov’t securities, direct and guaranteed Industrial advances (not including 11 million coaiuitments - September 6) Other Reserve bank credit 1 — + 30 + 27 + 4 25 2,643 16,726 2,908 +195 + 88 + 3 + 51 +3,489 + 179 11,141 7,261 2,264 676 935 +190 +120 - 63 - 33 + 72 +2,872 + 682 - 315 + 115 + 364 »>■» TOTAL ASSETS 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 AMD 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 2 ,612,583 •v Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets 0COi 1 Form FR-283-a Released for publication Friday morning, Sept. 8,1939; not earlier. STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept. 7, Sept. 6 , 1938 1939 .. 1.93.9 . ASSETS Gold certificates on hand and +140,001 +3 ,821,302 due from U, S. Treasury 14,452,221 — 277 Redemption fund - F. R. notes 8,644 — 48,089 ......107,731 Other cash Total reserves 14,768,646 +108,034 +3,772,936 Bills discounted» Secured by U. S. Gov*t obligations, direct and guaranteed 1,546 2,094 563 — Other bills discounted + 371 + 1.024 _ _ Ath&êi Total bills discounted 1,070 5,998 192 — 9 Bills bought in open market 546 + Industrial advances 4o 11,627 4,197 U. S, Government securities, direct and guaranteed* Bonds 1,021,219 +108,759 + 277,114 Notes + 59,464 + 42,385 1,233,573 — - 289,102 Bills . 334,620 Total U. S. Government securities, direct and guaranteed +168,22.3 + 30,397 2,594,412 61,232 +167,991 — 364 - 1,761 49 + 9,110 + 25,139 — 7 2 ,4di + 52,886 2,242 + -Tim 18,095,043 +282,961 +3,854,252 4,683,716 + 74,434 + 471,368 11 ,140,608 675,555 397,183 291,243 +189,6o4 • ~ 33,056 + 47,051 ±--22j480 +2,871,484 + 114,191 + 260,446 + 111.445 12,504,594 556,831 +237,079 - 28,709 +3,357,566 27,486 ....3.,557 17,748,693 ~ . J_91 +282,413 78 + +3,856,498 135,496 149,152 27,2.64 Jkéïà 18 ,095,043 + + 539 +282,961 1,498 + + 1,413 — 419 - __4iZ38 +3,854,252 - 1.0$ + --- — 177 23,300 586,943 42,162 85*9$ 101 10,931 —- 9 --- 78 - 3.6$ 284 2,608 Form FR-283-b STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS OIJ SEPTEMBER 6, 1939 (in thousands of dollars) A S S ET S Rich. Atlanta Total Boston New York Phila. Cleve. Gold certificates on hand and due from U.S. Treasury 14,452,221 Redemption fund - F.R.notes 8,644 Other cash 307,781 802,740 7,069,535 334 1,287 20,346 82,844 724,949 742 26,058 849,973 386,136 301,503 2,267,115 368,694 256,106 359,405 232,597 888 871 641 891 435 375 635 463 37,443 15,581 8,334 17,848 12,903 21,243 20,216 17,883 833,468 1,082 27,182 823,320 7,153,666 751,749 872,104 407,223 320,027 2,305,449 384:-,710 264,815 377,828 245,963 861,732 Total reserves 14.768,646 Bills discounted: Secured by U.S.Gov’t obligations, direct and guaranteed 1,546 Other bills discounted 4,452 — 35 909 1,745 141 196 113 235 98 287 30 143 348 51 365 385 24 1,054 173 19 752 35 41 1,745 2,654 212 2,040 337 55 2,681 74,839 90,769 24,522 302,960 367,441 99,270 86,806 105,282 28,44-3 Total U.S.Gov’t securities, direct and guaranteed 2,594,412 190,130 769,671 Total bills and securities 2.612.583 191,951 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Other assets TOTAL ASSETS 10 68 307 69 371 137 2 3 78 2 819 — 352 34 376 70 712 352 410 16 16 204 551 102,341 56,191 42,863 68,148 51,986 33,534 18,412 14,045 110,107 46,254 2.8,612 49,64-1 38,489 133,541 56,099 34,702 60,200 46,680 36,078 15,156 9,375 16,266 12,612 82,116 99,593 26,907 220,531 259,999 142,751108,894 279,726 117,509 72,689 126,115 97,781 208,616 774,577 223,604 280,473 117,651 73,588 126,687 98,758 210,479 18 673 39,101 4,615 5,478 260,763 144,214 109,838 6 16 8 1,223 1,853 1,223 65,222 54,390 24,224 5,918 2,570 2,047 6,607 3,901 2,669 22 2 5 5 3 2,917 1,941 1,897 1,747 421 81,898 29,597 17,679 32,677 25,513 3,890 2,260 1,505 3,144 1,222 5,952 2,526 1,738 2,741 2,251 13 4,845 31,066 3,174 5,021 683 13 66 3,877 586,943 42,162 53,266 2,908 3,978 132,310 61,232 245 44 93 782 39 1,042 23,300 177 62 Minn. Xans.Cy. Dallas San Fran. H £ s* H Total bills discounted 5,998 Bills bought in open market 546 Industrial advances 11,627 U. S. Government securities, direct and guaranteed* Bonds 1,021,219 Notes 1,238,573 Bills 334,620 Chicago St.Louis 8,909 18,370 18,095,043 1,076,119 8,091,775 1,025,238 1,211,853 614,159 460,034 2,680,001 538,688 361,2.24 544,889 374,133 1,116,330 Form FR—283—c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 6, 1939 (In thousands of dollars) LIA B I L I T I E S Total 397,750 1,190,893 325,727 Minn, Xans.Cy, Dallas San Fran. >'v\V' , 30,986 371,567 432,830 208,290 154,919 1,027,063 131,921 135,940 516,352 6,182,855 50,768 148,983 28,865 139,356 5,827 195,546 519,850 51,901 38,889 16,713 572,820 278,759 210,741 1,405,388 253,130 144,199 261,526 202,228 56,409 46,463 40,333 50 ,7/6 42,601 59,915 41,158 40,463 37,286 17,240 14,032 43,511 11,627 9,221 11,627 11,627 14,457 5,359 5,629 2,946 1,284 12,532 1,893 5,879 592,760 45,815 28,902 23,183 601,812 6,666,740 52,257 113,571 627,353 39,269 682,553 339,050 271,11.5 1,524,765 316,579 199,382 326,845 257,740 83,717 29,493 16,655 31,976 24,246 63,537 51,861 21,182 690,660 29,067 1,212 526 384 Rich. Atlanta Chicago St.Louis 273 81 143 267 125 126 O o-\ to Total deposits 12,504,594 Deferred availability items 556,831 Other liabilities including accrued dividends 3,557 Phila. £ F. R. notes in actual cir culation -4,683,716 Deposits* Member bank-reserve account 31^.40,608 U.S.Treasurer-General account 675,555 Foreign bank 397,183 Other deposits 291,248 Cleve. Boston New York 163 98 154 TOTAL LIABILITIES 17,743,698 1,052,203 7,972,416 992,875 1,179,193 599,282 447,364 2 ,635,812 523,118 352,103 534-,814 363,070 1,091,448 CAPITAL ACCOUNTS Capital paid in 135,496 12,116 10,616 13,304 3,993 2,917 4,296 4,046 13,755 5,116 4,559 9,405 50,873 Surplus (Section 7) 149,152 22,666 4,983 5,630 10,083 52,463 13,696 4,685 3,153 3,613 3,392 9,965 14,323 Surplus (Section 13b) 27,2644,416 2,121 1,007 3,293 1,429 545 1,001 1,142 1,266 2,874 7,457 713 1,763 Other capital accounts 34,433 8,566 6,390 1,347 2,050 1,024 1,359 2,130 1,554 2,135 3,575 1,485 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 18,095,043 1,076,119 8,091,775 1,025,238 1,211,853 614,159 460,034 2,680,601 533,688 361,224 544,339 374,133 1 ,116,330 Contingent liability on bills purchased 12 2 10 4 for foreign correspondents 101 10 4 7 7 36 3 3 3 Commitments to make industrial — 596 advances 10,931 916 64 598 139 424 1,471 30 3,411 1,944 1,338 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 1 Year Within Over 16 to 61 to 2 Years to 31 to 91 days to 6 months 6 months to 1 Year to 2 Years Total 15 davs 5 Years 30 days 60 days 90 days 5 Yaars — — — 182 1 5,998 4,184 669 Bills discounted 597 365 — — — — — — Bills bought 546 202 209 135 — 2,526 2,500 1,374 Industrial advances 230 392 471 2,316 11,627 1,318 U.S. Government securities, 578,588 347,162 300,488 direct and guaranteed 927,805 64,077 141,174 2,594,412 62,250 123,955 43,913 Form FR—233-d FEDERAL RESERVE ITOTE STATEMENT 01! SEPTE.IBER 6 , 3.939 (In thousands of dollars) Total Boston Hew 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. 4,945,513 413,463 1,277,199 343,368 452,522 219,479 165,994 1,052,615 192,342 139,740 183,152 88,938 416,701 261,797 15,713 86,306 17,641 19,692 11,189 11,075 25,552 10,421 3,800 7,322 7,952 45,134 4,683,716 397,750 1,190,893 325,727 432,830 208,290 154,919 1,027,063 181,921 135,940 175,830 80,986 371,567 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 5,025,500 420,000 1,303,000 345,000 454,500 220,000 169,000 1,065,000 196,000 141,500 185,000 92,500 434,000 3,258 35 1,786 141 — 298 — — 52 16 294 — 636 5,028,758 420,035 1,304,786 345,141 454,500 220,298 169,000 1,065,000 196,052 141,516 185,294 92,500 434,636
@FedFRASER