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.

FEDERAL RESERVE BANK
OF NEW YORK

r Circular No. 1751
L April 29, 1937 J

SUPPLEMENT TO REGULATION D
Reserves Required to Be Maintained by Member Banks
With Federal Reserve Banks at the Opening
of Business on May 1, 1937

To each Member Bank in the
Second Federal Reserve District:

.^

With our Circular No. 1732 there was enclosed a copy of a supplement to
Regulation D adopted by the Board of Governors of the Federal Reserve System
on January 30, 1937, increasing the reserves required to be maintained by member banks with Federal Reserve banks, effective at the opening of business on
March 1, 1937 and on May 1, 1937.
The following table shows what the reserve requirements are at present and
what they will be commencing May 1, 1937:

Class of bank
Central Reserve City
Reserve City
"Country"

(Percent of Deposits)
Demand deposits
Time deposits
March 1
May 1
March 1
May 1
through
and
through
and
April 30
after
April 30
after
223,4
26
514
6
17y2
20
5%
6
12%
14
5%
6

A new supply of forms for use in reporting your net demand and time
deposits and reserves required to be maintained against such deposits is being
sent to you under separate cover and additional copies of the forms will be sent
upon request.
GEOEGE L. HARRISON,

President.

^




FORM R. B. 20 (REVISED MAY 1. 1937)

REPORT OF NET DEMAND AND TIME DEPOSITS
FOR WFFK ENDING FRIDAY

1B3

TO ACCOUNTING DEPARTMENT
FEDERAL. RESERVE BANK OF NEW YORK
The amounts of net demand deposits and time deposits reported for each business day are to be based on the deposit balances shown by the books of the member
bank at the opening of business the same day. The amounts reported for a Sunday or a holiday are to be based on the deposit balances at the close of the preceding
business day. The amounts so reported for a Sunday or a holiday should be repeated for the following business day.

FIRST PERIOD
ATE

(1)
GROSS DEMAND
DEPOSITS

DAY

MILLIONS

THOUSANDS

HUNDREDS

(2)
BALANCES SUBJECT TO
IMMEDIATE WITHDRAWAL
DUE FROM OTHER BANKS
MILLIONS

HUNDREDS

THOUSANDS

(3)
CASH ITEMS IN PROCESS
OF COLLECTION
MILLIONS

THOUSANDS

HUNDREDS

NET DEMAND DEPOSITS
COLUMN (1) MINUS
COLUMNS (2 AND 3 )
MILLIONS

THOUSANDS

HUNDREDS

TIME DEPOSITS
MILLIONS

THOUSANDS

HUNDREDS

SAT.

SUN.

MON.

TUES.

TOTAL
(If gross demand deposits are less than the deductions, net demand
deposits on that date should be shown as zero.)
RESERVE REQUIRED
20%OR26%OF*.

%
(AVERAGE NET DEMAND DEPOSITS)

6 % OF S

S
(AVERAGE TIME DEPOSITS)

TOTAL

f AVERAGE RESERVE REQUIRED TO
] BE ON DEPOSIT WITH THE FEDERAL
( RESERVE BANK OF NEW YORK

;ECor*JD PERIOD

C

\TE

(1)
GROSS DEMAND
DEPOSITS

DAY

MILLIONS

THOUSANDS

HUNDREDS

(2)
BALANCES SUBJECT TO
IMMEDIATE WITHDRAWAL
DUE FROM OTHER BANKS
MILLIONS

THOUSANDS

HUNDREDS

(3)
CASH ITEMS IN PROCESS
OF COLLECTION
MILLIONS

THOUSANDS

HUNDREDS

NET DEMAND DEPOSITS
COLUMN (1) MINUS
COLUMNS (2 AND 3)
MILLIONS

THOUSANDS

HUNDREDS

TIME DEPOSITS
MILLIONS

THOUSANDS

WED.

THURS.

FRI.

TOTAL
(If gross demand deposits are less than the deductions, net demand
deposits on that date should be shown as zero.)

AVERAGE

RESERVE REQUIRED
2O% O R 26% OF 9(AVERAGE NET DEMAND DEPOSITS)

6% OF 9-

TOTAL

(AVERAGE TIME DEPOSITS;
AVERAGE RESERVE REQUIRED TO
BE ON DEPOSIT WITH THE FEDERAL.
RESERVE BANK OF NEW YORK

I HEREBY CERTIFY THAT THE ABOVE STATEMENT IS CORRECT AND IN ACCORDANCE WITH THE BOOKS OF THIS BANK AND THAT
THE FIGURES SHOWN ABOVE UNDER NET DEMAND DEPOSITS AND TIME DEPOSITS RESPECTIVELY HAVE BEEN COMPUTED IN
ACCORDANCE WITH THE FORM PRESCRIBED BY THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FOR THAT PURPOSE.

THIS REPORT

OFFICIAL SIGNATURE

TO BE FILED
NOT LATER THAN
NAME OF BANK

MONDAY OF THE
FOLLOWING WEEK


http://fraser.stlouisfed.org/
R. B. 20.6 S M 4-37
Federal Reserve Bank of St. Louis

CITY OR TOWN

HUNDREDS

REPORT OF NET DEMAND AND TIME DEPOSITS

FORM R. B. 13 (REVISED MAY 1, 1937)

FOR HALF MONTH ENDING.

.193

TO ACCOUNTING DEPARTMENT
FEDERAL RESERVE BANK OF NEW YORK
The amounts of net demand deposits and time deposits reported for each business day are to be based on the deposit balances shown by the books of the member
bank at the opening of business the same day. The amounts reported for a Sunday or a holiday are to be based on the deposit balances at the close of the preceding
business day. The amounts so reported for a Sunday or a holiday should be repeated for the following business day.

MILLIONS

1

MILLIONS

THOUSANDS

HUNDREDS

MILLIONS

THOUSANDS

HUNDREDS

MILLIONS

THOUSANDS

HUNDREDS

TIME DEPOSITS
MILLIONS

THOUSANDS

IS

4

HUNDREDS

NET DEMAND DEPOSITS
COLUMN (1) MINUS
COLUMNS (2 AND 3)

17

3

THOUSANDS

(3)
CASH ITEMS IN PROCESS
OF COLLECTION

16

2

j

(2)
BALANCES SUBJECT TO
IMMEDIATE WITHDRAWAL
DUE FROM OTHER BANKS

(i)
GROSS DEMAND
DEPOSITS

DATE

19

S

2O

6

21

7

22

S

23

9

24

1O

25

1 1

26

12

27

13

23

14

29

IB

3O

31

TOTAL

(If gross demand deposits are less than the deductions, net
demand deposits on that date should be shown as zero.)

AVERAGE

RESERVE REQUIRED
14%OF$_
(AVERAGE NET DEMAND DEPOSITS)

6% OF $_

(AVERAGE TIME DEPOSITS)
AVERAGE RESERVE REQUIRED TO

TOTAL

{BE ON DEPOSIT WITH THE FEDERAL

RESERVE BANK OF NEW YORK
I HEREBY C E R T I F Y T H A T T H E ABOVE STATEMENT IS CORRECT AND I N ACCORDANCE W I T H T H E BOOKS OF T H I S BANK AND T H A T T H E
FIGURES SHOWN ABOVE UNDER N E T DEMAND DEPOSITS AND T I M E DEPOSITS RESPECTIVELY HAVE BEEN COMPUTED I N ACCORDANCE
W I T H T H E FORM PRESCRIBED BY T H E BOARD OF GOVERNORS O F T H E FEDERAL RESERVE SYSTEM FOR T H A T PURPOSE.

THIS REPORT TO BE
FILED BEFORE THE

OFFICIAL SIGNATURE

BTH AND 2OTH
NAME OF BANK

OF EACH MONTH


http://fraser.stlouisfed.org/
R. B. 13.7 2B M 4-37
Federal Reserve Bank of St. Louis

CITY OR TOWN

HUNDREDS

FEDERAL RESERVE BANK
OF NEW YORK

Board of Governors
of the Federal Reserve System
Revised May 1. 1937

COMPUTATION OF RESERVE TO BE CARRIED WITH THE
FEDERAL RESERVE BANK BY MEMBER BANKS

(For definitions of the terms gross demand deposits, deductions allowed in computing reserves, cash items in process of collection, net demand deposits and time deposits, see Regulation D of the Board of Governors of the Federal Reserve System)
1

•

1. GROSS DEMAND DEPOSITS, including U. S. Government deposits and demand balances of other
banks
".. ,~.
$•.
(See Schedule J of the quarterly condition report for items constituting demand deposits)
(See copy of Schedule J on other side)

2. DEDUCTIONS ALLOWED IN COMPUTING RESERVES:
•

(a) Balances subject to immediate withdrawal due from other banks* (except balances due from Federal Reserve banks, from foreign banks or branches
thereof, from foreign branches of domestic banks, or from private banks) $
(Corresponds to item 1 in Schedule I of the quarterly condition report)
(See copy of Schedule I on other side)

(b) Cash items in process of collection, except to the extent included in item 2-a
(including checks with Federal Reserve banks in process of collection and
checks on hand which will be presented for payment or forwarded for collection on the following business day)
$

$

(Corresponds to item 2 in Schedule I of the quarterly condition report)
(See copy of Schedule I on other side)

3. NET DEMAND DEPOSITS (item 1 minus item 2)

:.„.:

4. TIME DEPOSITS...__

.$_

$.

(See Schedule K of the quarterly condition report for items constituting time deposits)
(See copy of Schedule K on other side)

5. RESERVE REQUIRED:
(a) On net demand deposits (item 3 above):
Banks in central reserve cities, 26 percent;
Banks in reserve cities, 20 percent;
Banks located elsewhere, 14 percent
(b) On time deposits (item 4 above): 6 percent
(c)

Total reserve to be maintained with Federal Reserve bank

•Including cash items forwarded to a correspondent bank for collection and credit and charged to item "Due from banks.

This form should not be forwarded to the Federal Reserve bank, but is to be used by the member bank
as a guide for figuring its required reserve.
Digitized forCOM 4-17
n.B. tS.S FRASER
(BCVISCD MAY 1»37)


SCHEDULE I—CASH, BALANCES WITH OTHER BANKS, EXCHANGES FOR
CLEARING HOUSE, ETC.
1.

DOLLARS

Demand balances with other banks in the United States (except private banks and American branches of foreign
banks):
(a) Due from banks in New York City
(b) Due from banks elsewhere in the United States..

2.

Cash items in process of collection, including exchanges for clearing house, except to the extent included in
Item 1
„
„
SUBTOTAL of Items 1 and 2 (amount deductible from demand deposits in determining amount subject to

3.

reserve).
Time balances with other banks in the United States (except private banks and American branches of foreign
banks)

4.

Balances with private banks and American branches of foreign banks

5.

Balances with banks in foreign countries (including balances with foreign branches of other American banks but
excluding amounts due from own foreign branches)
_
_

6.

Cash in vault

(Amo unt not to be
e xtended )

.

„

TOTAL of Items 1 to 6 (must agree with Item 9 of "Assets").

SCHEDULE J—DEMAND DEPOSITS (all deposits other than "time deposits" as defined in
Regulation D of the Board of Governors of the Federal Reserve System)
1.

Deposits of individuals, partnerships, and corporations (must agree with Item 14 of "Liabilities")

2.

United States Government deposits

3.

State, county, and municipal deposits

4.

Deposits of other banks in the United States (except private banks and American branches of foreign banks)..

5.

Deposits of private banks and American branches of foreign banks

6.

Deposits of banks in foreign countries (including balances of foreign branchesof other American banks but excluding
amounts due to own foreign branches)

7.

Certified and officers' checks, letters of credit and travelers' checks sold for cash, and amounts due to Federal
Reserve Bank (transit account)

_

~

TOTAL DEMAND DEPOSITS (Items 1 to 7 of this schedule).

SCHEDULE K—TIME DEPOSITS (as defined in Regulation D of the Board of Governors of the
Federal Reserve System)
1.

Deposits (except savings deposits), of individuals, partnerships, and corporations:
(a) Certificates of deposit (other than for money borrowed)
(b) Open accounts.
(c) Christmas savings and similar accounts

2.

Deposits evidenced by savings pass books.

I No. of accounts..

SUBTOTAL of Items 1 and 2 (mutt agree with Item
15 of "Liabilities")

(.Amo unt not to be
e xtended )

3.

Postal Savings deposits

. ,,,

4.

State, county, and municipal deposits.

5.

Deposits of other banks in the United States (except private banks and American branches of foreign banks)

6.

Deposits of private banks and American branches of foreign banks.

7.

Deposits of banks in foreign countries (including balances of foreign branches of other American banks but excluding
amounts due to own foreign branches)
TOTAL TIME DEPOSITS (Items 1 to 7 of this schedule).




• -,'

„.

~

/

FEDERAL RESERVE BANK
OF NEW YORK

Board of Governors
of theFederalReserveSystem
Revised May 1. 1937

COMPUTATION OF RESERVE TO BE CARRIED WITH THE
FEDERAL RESERVE BANK BY MEMBER BANKS

(For definitions of the terms gross demand deposits, deductions allowed in computing reserves, cash items in process of collection, net demand deposits and time deposits, see Regulation D of the Board of Governors of the Federal Reserve System)

1. GROSS DEMAND DEPOSITS, including U. S. Government deposits and demand balances of other
banks
1. r
'.
"...
%
(See Schedule J of the quarterly condition report for items constituting demand deposits)
(See copy of Schedule J on other side)

2.

DEDUCTIONS ALLOWED IN COMPUTING RESERVES:
(a) Balances subject to immediate withdrawal due from other banks* (except balances due from Federal Reserve banks, from foreign banks or branches
thereof, from foreign branches of domestic banks, or from private banks)
$
(Corresponds to item 1 in Schedule I of the quarterly condition report)
(See copy of Schedule I on other side)

(b) Cash items in process of collection, except to the extent included in item 2-a
(including checks with Federal Reserve banks in process of collection and
checks on hand which will be presented for payment or forwarded for collection on the following business day)
3
(Corresponds to item 2 in Schedule I of the quarterly condition report)
(See copy of Schedule I on other side)

3.

NET DEMAND DEPOSITS (item 1 minus item 2)

....:

4. TIME DEPOSITS..._

...$.

...*.

(See Schedule K of the quarterly condition report for items constituting time deposits)
(See copy of Schedule K on other side)

5. RESERVE REQUIRED:
(a) On net demand deposits (item 3 above):
Banks in central reserve cities, 26 percent;
Banks in reserve cities, 20 percent;
Banks located elsewhere, 14 percent
(b) On time deposits (item 4 above): 6 percent.
(c)

Total reserve to be maintained with Federal Reserve bank.

•Including cash items forwarded to a correspondent bank for collection and credit and charged to item "Due from banks."

This form should not be forwarded to the Federal Reserve bank, but is to be used by the member bank
as a guide for figuring its required reserve.
Digitized for CO M 4-37
R.B. 13.3 FRASER
(REVISED MAY 1«37)


SCHEDULE I—CASH, BALANCES WITH OTHER BANKS, EXCHANGES FOR
CLEARING HOUSE, ETC.
1.

DOLLARS

Demand balances with other banks in the United States (except private banks and American branches of foreign
banks):
(a) Due from banks in New York City
(b) Due from banks elsewhere in the United States....

2.

Cash items in process of collection, including exchanges for clearing house, except to the extent included in
Item 1
SUBTOTAL of Items 1 and 2 (amount deductible from demand deposits in determining amount subject to
(Amo unt not to be
x tended )

3.

reserve).
Time balances with other banks in the United States (except private banks and American branches of foreign
banks)
.'.

4.

Balances with private banks and American branches of foreign banks....

5.

Balances with banks in foreign.countries (including balances with foreign branches of other American banks but
excluding amounts due from own foreign branches)
_
_

6.

Cash in vault

_

TOTAL of Items 1 to 6 (must agree with Item 9 of "Assets").
SCHEDULE J—DEMAND DEPOSITS (all deposits other than "time deposits" as defined in
Regulation D of the Board of Governors of the Federal Reserve System)
1.

Deposits of individuals, partnerships, and corporations (must agree with Item 14 of "Liabilities").

2.

United States Government deposits.

3.

State, county, and municipal deposits

4.

Deposits of other banks in the United States (except private banks and American branches of foreign banks).

5.

Deposits of private banks and American branches of foreign banks

6.

Deposits of banks in foreign countries (including balances of foreign branches of other American banks but excluding
amounts due to own foreign branches)

7.

Certified and officers' checks, letters of credit and travelers' checks sold for cash, and amounts due to Federal
Reserve Bank (transit account)
TOTAL DEMAND DEPOSITS (Items 1 to 7 of this schedule).

SCHEDULE K—TIME DEPOSITS (as denned in Regulation D of the Board of Governors of the
Federal Reserve System)
1.

Deposits (except savings deposits), of individuals, partnerships, and corporations:
(a) Certificates of deposit (other than for money borrowed)
(b) Open accounts.
(c) Christmas savings and similar accounts

2.

Deposits evidenced by savings pass books.

No. of accounts..

SUBTOTAL of Items 1 and 2 (must agree with Item
15 of "Liabilities")
....<

(Amo unt not to be
e xtended

| $..

3.

Postal Savings deposits

4.

State, county, and municipal deposits.

5.

Deposits of other banks in the United States (except private banks and American branches of foreign banks)—

.

..

—

—

6.

Deposits of private banks and American branches of foreign banks.

7.

Deposits of banks in foreign countries (including balances of foreign branches of other American banks but excluding
amounts due to own foreign branches)
TOTAL TIME DEPOSITS (Items 1 to 7 of this schedule).




—

FORM R. B. 2O (REVISED MAY 1. 1937)

VIAND AND TIME DEPOSITS
REPORT OF NET DEI
FOR WEEK ENDING FRID AY

a

IBS

TO BUFFALO BRANCH
?K
FEDERAL RESERVE BANK OF NEW YOF
>f
The amounts of net demand deposits and time deposits reported for ea:h business day are to be based on the depos It balances shown by the books < the member
bank at the opening of business the same day. The amounts reported for a Sun
day or a holiday are to be based on the deposlt balances at the close of the preceding
business day. The amounts so reported for a Sunday or a holiday should be repeated for the following business day.

FIRS T PERIOD
ATE

(1)
GROSS DEMAND
DEPOSITS

DAY

MILLIONS

THOUSANDS

HUNDREDS

(2)
BALANCES SUBJECT TO
IMMEDIATE WITHDRAWAL
DUE FROM OTHER BANKS
MILLIONS

THOUSANDS

HUNDREDS

(3)
CASH ITEMS IN PROCESS
OF COLLECTION
MILLIONS

THOUSANDS

HUNDREDS

NET DEMAND DEPOSITS
COLUMN (I) MINUS
COLUMNS (2 AND 3)
MILLIONS

THOUSANDS

HUNDREDS

TIME DEPOSITS
MILLIONS

THOUSANDS

HUNDREDS

SAT.
•
SUN.
MON.
TUES.

TOTAL
(If gros.• demand deposits are less than the deductions, net d 'mand
deposits on that date should be shown as zero.)

AVI

IRAGE

RESER\ m REQUIRED
2O% O R 2 6 % O F

$
(AVERAGE NET DEMAND DEPOSITS)

6 % OF
TOTAL.

s

?

(AVERAGE TIME DEPOSITS)

f AVERAGE RESERVE REQUIRED TO
] BE ON DEPOSIT WITH THE FEDERAL
( RESERVE BANK OF NEW YORK

f

SECor 4D PERIOD
nT E

(1)

DAY

GROSS DEMAND
DEPOSITS
MILLIONS

THOUSANDS

HUNDREDS

(2)
BALANCES SUBJECT TO
IMMEDIATE WITHDRAWAL
DUE FROM OTHER BANKS
MILLIONS

THOUSANDS

HUNDREDS

(3)
CASH ITEMS IN PROCESS
OF COLLECTION

NET DEMAND DEPOSITS
COLUMN (1) MINUS
COLUMNS (2 AND 3)

MILLIONS

MILLIONS

THOUSANDS

HUNDREDS

THOUSANDS

HUNDREDS

TIME DEPOSITS
MILLIONS

THOUSANDS

WED.
THURS.
FRI.
TOTAL
(If gross demand deposits are less than the deductions, net demand
deposits on that date should be shown as zero.)

AVERAGE

RESERVE REQUIRED
2O% OR 26% OF 9-

(AVERAGE NET DEMAND DEPOSITSI

6 % OF
(AVERAGE TIME DEPOSITS)

TOTAL

AVERAGE RESERVE REQUIRED TO
BE ON DEPOSIT WITH THE FEDERAL
RESERVE BANK OF NEW YORK

I HEREBY CERTIFY T H A T T H E ABOVE STATEMENT IS CORRECT AND IN ACCORDANCE W I T H T H E BOOKS OF T H I S BANK AND T H A T
T H E FIGURES SHOWN ABOVE UNDER NET DEMAND DEPOSITS AND T I M E DEPOSITS RESPECTIVELY HAVE BEEN COMPUTED IN
ACCORDANCE W I T H T H E FORM PRESCRIBED BY T H E BOARD OF GOVERNORS OF T H E FEDERAL RESERVE SYSTEM FOR T H A T PURPOSE.

THIS REPORT

OFFICIAL SIGNATURE

TO BE FILED
NOT LATER THAN

NAME OF BANK

MONDAY OF THE
FOLLOWING WEEK


http://fraser.stlouisfed.org/
R. B. 20.6 1 M 4-97
Federal Reserve Bank of St. Louis

CITY OR TOWN

HUNDREDS

REPORT OF NET DEMAND AND TIME DEPOSITS

FORM R. B. 13 (REVHEO MAY t , 1937)

FOR HAUF MONTH ENDING.

.193

TO BUFFALO BRANCH
FEDERAL RESERVE BANK OF NEW YORK
The amounts of net demand deposits and time deposits reported for each business day are to be based on the deposit balances shown by the books of the member
•m>k at the opening of business the same day. The amounts reported for a Sunday or a holiday are to be based on the deposit balances at the«close of the preceding
business day. The amounts so reported for a Sunday or a holiday should be repeated for the following business day.
(2)
(3)
BALANCES SUBJECT TO
CASH ITEMS IN PROCESS
IMMEDIATE WITHDRAWAL
OF COLLECTION
DUE FROM OTHER BANKS

(i)
GROSS DEMAND
DEPOSITS

DATE

MILLIONS

1

28

14

29

IB

THOUSANDS

27

13

MILLIONS

26

12

HUNDREDS

25

11

THOUSANDS

24

1O

MILLIONS

23

.

HUNDREDS

22

8

THOUSANDS

21

7

MILLIONS

20

6

HUNDREDS

19

B

THOUSANDS

18

4

MILLIONS

17

3

HUNDREDS

TIME DEPOSITS

16

.

THOUSANDS

NET DEMAND DEPOSITS
COLUMN (1) MINUS
COLUMNS (2 AND 3)

SO

31

TOTAL

(// gross demand deposits are less than ihe deductions, net
demand deposits on that date should be shown as zero.)

AVERAGE

RESERVE REQUIRED

14% OF 9-

6% OF $_

(AVERAGE NET DEMAND DEPOSITS)

(AVERAGE TIME DEPOSITS)
AVERAGE RESERVE REQUIRED TO

TOTAL,

{BE ON DEPOSIT WITH THE FEDERAL.

RESERVE BANK OF NEW YORK
I HEREBY CERTIFY THAT THE ABOVE STATEMENT IS CORRECT AND IN ACCORDANCE W I T H THE BOOKS OF THIS BANK AND THAT THE
FIGURES SHOWN ABOVE UNDER NET DEMAND DEPOSITS AND T I M E DEPOSITS RESPECTIVELY HAVE BEEN COMPUTED IN ACCORDANCE
W I T H THE FORM PRESCRIBED BY T H E BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM FOR THAT PURPOSE.

THIS REPORT TO BE
FILED BEFORE THE

OFFICIAL SIGNATURE

5TH AND 20TH
NAME OF BANK

OF EACH MONTH


http://fraser.stlouisfed.org/
FederalR. B. 13.7 Bank of St. Louis
Reserve S M 4-37

CITY OR TOWN

HUNDRED


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102