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13
BOARD OF GOVERNORS
OF" THE
FEDERAL RESERVE SYSTEM
WASHINGTON
ADDRESS OF"F"ICIAL CORRESPONDENCE
TO THE BOARD
January 12~ 1938
R-162
Dear Sir:
In order to provide a curront statistical analysis of tho reserve
position of member banks, it will be appreciated i f you will furnish the
Board with five statements, in accordance with tho inclosed Form R-162a,
covering, respectively~ (1) Central Reserve city banks, (2) Reserve city
banks, (3) Country banks in places with a population of 100,000 or more
according to tho 1930 census, (4) Country banks in places with a population of 15,000 or more but loss than 100,000~ and (5) Country bm1ks in
places with a population of loss than 15,000. A supply of Form R-162a,
for your use in submitting the desired reports, is inclosed.
It will be noted that in each statement the member banks are to
be grouped according to percentage ratios of average reserve balance~ to
average required reserves during the week ended Friday, JanuanJ 14, 1938.
The number of banks in each group is to be shown, together vrith daily
average figures of required reserves on demand deposits and on time deposits, reserve balances, and balances due from domestic banks. In addition, the number of banks in each group is to be broken down according
to the ratio of balances due from domestic banks to required reserves.
We should like to have all five statements roach the Board's offices not later than Thursday, January 27. Accordingly, it is suggested
that any of the statements that cannot be forwarded by regular mail or
air mail in time to reach tho Board's offices on that date be telegraphed.
If a statement is telegraphed the code words shown on Form R-162a should
be used to designate tho various items of information called for by the
form.
Very truly yours,
Chester Morrill,
Secretary.
Inclosures.
TO PRESIDENTS
OF ALL FEDER.':.L RESERVE BANKS
· .&HALYSis oF RESERVE rosxt:row oF mmER BANKs DURING 1HE wra ENDED FRIIllY. JAWut 14.. 1938
:,.,OOiftidm ..,
~
a 162-e.
.
.
(.Ul ,amQ\ttl.ts sbouHl be averages of daily figures for the week ended Friday., January llt., 19,S• R4tserve balances should be obtained 1'r• tile Feden.l
Reael"'Ve bank•s books.. Required reserves 4nd balances due from domestic b&.nks should be obtained from semi..,eekly., weekly.. and saad"'ttiJd;hly reports
of deposits sul:lnitted for reserve computation purposes. Ba.l.aDCes due from domestic banks should correspond with oollD81 2 in suca reports and.,
aocordingl7• should exclude cash items in process of collection. U, in the case of a tw country banks, the reports of deposits tor the ssi•
monthly period ended January 15, 193-8 are not received in sufficient time. the daily averages for the entire semi'"1110nthly period eaded tleoentber 15,
1937 may be substituted in so far as required reserves and balances with domestic banks are concerned,. but reserve balances shoUld iD all eases cover
the week ended January 14,. 1938. In such eases the Board should be furnished by mail with a statement showing the name and loo&tiO!l of each bank for
which a substitution was made,. also the amounts of its required reserves on demand. deposits. required reserves on time deposi ts• reaerve balances.,
and balances due from domestic banks. A revised summary report on this fOrm should be rendered to the Board as soon as the misstp; reports of
deposits have been received.)
Federal Reserve District
~do
item
BQ.ll)c. with the following percentage
ratios or avere.gerosorvo balances
" to average _required reserves:
{1) Less than 100
-------
Aggrega.te a.verngo required reserves
Total
number.of
banks in
the per•
centage
group
On
demand
deposits
On
tilDe
deposits
ABAK
ADAR
.A!JJl
,.
.
------
(Amounts in thoUH.ld s of dollars)
Class of banks
Aggrega.to
average
reserve
balances
Aggregate
average
excess
reservos
Aggrega.te
average
balances
duo from
domestic
b!Ulks
A~.
!..GAD
AmY
Number or be.Jiit8 W1th the l'ollO'Wing ~atios
of average balances due from domestic
banks to ~orago required reserves
lOO'J' or
l?O'fo or
~ 01"
20<$
Less
more blat -more wt. more but
or
than less thaD less thnii less than
more
~
l5Q(
.2ocg .lOOJC
APIK
AJIDL
AREA
.AKER
ALia
'
1-·--- ···'•-
-~·
(2) 100 or more but loss thtm 110
"
"
n
(5) 150
It
n·
(6) 175
If
(3) 110
(4)
125
n
n
(7) 200 or more
( 8) Total
"
"
"
"
"
"
"
"
125
tt
n
175
"
"
·-- ..
150
200
--·
··-
-·
@FedFRASER