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291
BOARD OF GOVERNORS
CF" THE
FEDERAL RESERVE SYSTEM
WASHINGTON
AOORESI!I CI"FICIAL CCRREEIPCNOENCE
TC THE EICARO
R-371
December 27, 1938.
Dear Sir:
There are inclosed six copies of revised Form F.R.
414~
"Computation of Reserve to be Carried with the Federal Reserve
Bank by Member Banks".
The form has been revised so that the
references to the call report will correspond with the revised
call report form to be used by member banks in submitting
condition reports as of the next call date.
Inclosures
TO PRESIDENTS OF ALL FEDERAL RESERVE BANKS
292
BilU!PYNM
(For definitions ot the teas gross demand deposits, deductions
allowed in computing neervea, cash items in J)l'Qoeea ot colJ.eo-··
tion, net demand de))Oai ta and time depoaits, see Regulation D
ot the Board ot Governors ot tlie Federal ReaerYe System)
4 OIJJSS DDUND DBPOSITS, including u. S. Goverment
depoai ts and demand balances ot other bank:a • • .• • • • .• • • • • • • $.,_ __
..
(See Schedule E ot the quarterJ.7 condition report tor
items conetituting deaand deposits)
2. DEDUCTIONS ALLOIPD IN
~ING
RESERVP.St
(a) Cash items in process ·ot collection, except
to the e:x:t•nt included in 1 tem ~ (including checks w1th Federal Reserve bonks
in process ot collection and checks on
hand which will be presented tor payment
or forwarded tor collect ion on the
follow:tng business dq) • • • • • • • • • •
(Corresponds to item 1 in Schedule D of
the quarterl.7 condition report)
(b) Balances subject to imm6diate withdravml.
due tror:l other banltslf', (except balances
due trom Federal Reserve banks, t:ron
foreign banks or branches thereof, trom
foreign branches of domestic ·banks; or ·
trom private banks) • • • • • • • • • • •
... -·----
••••
(Corresponds to item 2 in Schedule D ot
the qu.arterl.T oondi tion report)
.3• .NET DDUND DIPOSITS (item 1 minue item 2)
........ • •
• •
4. TillE DEPOSITS .•• • • • •••• • • •• • • • • • • • • • • • •
{See Schedule F ot the quarterl1 condition report
• • • • ::::::=:=:=:==
.... --==-
tor items constituting time deposits)
· 3. RESERVE REQUIRED**t
(a) On net demand deposits (item 3 above)t
Banks in central reserve citie•, 13 percent J
Banks in reserve cities, lO percent;
Bonks located elsewhere, 7 percent • • • • •
(b) On time deposita (ita 4 above)t 3 percent • • •
(c)
. . . .. . . .--• • . . . . . . --• • • . .. ==-=--
Total reserve to be maintained w1th Federal
Be·~· baQk • • • • • • • • • • • • • • •
•
iltnoluding cash 1 tems tol"VV8.rded to a correspondent bank for collection and
credit and obarged to item "DUe trom banks"•
-asic statutory requirements. For actual cui-rent reserve percentages, see
latest issue of Federal Reserve Bulletin.
@FedFRASER