View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Form No. 131

Office Correspondence
Wo

FEDERAL RESERVE
BOARD

Federal Reserve Board

Date April 8, 1933

Subject:

Mr. Smead

Attached i s a statement showing the amount of borrowings from the
Federal reserve banks, a s of March 31, of member banks not licensed to
reopen by the Secretary of the Treasury but which as of t h a t date had not
been placed i n process of l i q u i d a t i o n .
I t w i l l be noted from t h i s statement t h a t 892 of such banks were
indebted to the Federal reserve banks i n an aggregate amount of $124,752,000
of which $48,264,000 was on rediscounted e l i g i b l e paper, $67,828,000 on
advances under Section 13 of the Act and $8,659,000 on advances under
Section 10-b.
As of March 2g, the l a s t date f o r which figures are a v a i l a b l e , the
Federal reserve banks also reported $27,738,000 of claims against closed
banks.

The amount of such claims reported by each Federal reserve bank was

a s follows:
Boston
Hew York
Philadelphia
Cleveland
Richmond
Atlanta




$462,000
3,917,000
4,243,000
269,000
6,710,000
4,987,000

Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

$887,000
894,000
1,777,000
l,060,000
855,000
l,677,000

BORROWINGS FROM FEDERAL RESERVE BANK OF MEMBER BANKS NOT LICENSED TO OPEN BY THE SECRETARY OF
THE TREASURY, BUT WEIGH HAVE NOT BEEN PLACED IN LIQUIDATION.
(Figures as of March 31, 1933)
Indebtedness to Federal Reserve Bank
Rediscounted
Advances
Total
eligible
under
paper
Section 13

Federal
Reserve
Bank

Number
of
banks

Boston
New York
Philadelphia

38
119
87

$7,701,893.06
21,898,781.13
24,231,022.16

13,759,343.58
519,367.91
5,334,052.45

$3,160,549.48
17,565,507.40
18,651,812.33

$782,000.00
3,813,905.82
245,157.38

Cleveland
Richmond
Atlanta

103
83
41

20,542,273.93
15,228,930.91
7,923,424.36

8,595,441.50
9,923,367.13
4,972,472.89

11,946,832.43
5,305,563.78
1,892,772.96

1,058,178.51

Chicago
St. Louis
Minneapolis

201
37
50

11,046,650.80
1,669,720.62
2,977,699.62

10,135,758.64
10,759.82
1,541,582.01

—
1,658,960.80
1,1+36,117.61

910,892.16

69
27

7,191,986.1+9
588,129.76
3,751.078.73

2,554,183.12
442,600.01
475,221.59

3,854,683.37
145,529.75
2,209,710.42

783,120.00
1,066,146.72

124,751,591.57

48,264,150.65

67,828,040.33

8,659,400.59

Kansas City
[D]allas
[S]an Francisco

37

Total

892

DIVISION OF BANK OPERATIONS,
APRIL 8, 1933.




Advances
under
Section 10-b