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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. Reserve B. 20.6 S Bank M 4-37 Federal 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 j 1 16 2 17 3 IS 4 19 S (2) BALANCES SUBJECT TO IMMEDIATE WITHDRAWAL DUE FROM OTHER BANKS (i) GROSS DEMAND DEPOSITS DATE THOUSANDS HUNDREDS 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 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 FRASER n.B. tS.S 4-17 (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 FRASER R.B. 13.3 M 4-37 (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) REPORT OF NET DEIVIAND AND TIME DEPOSITS FOR WEEK ENDING FRID AY a IBS TO BUFFALO BRANCH ?K FEDERAL RESERVE BANK OF NEW YOF 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 <>f 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 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 16 . 17 3 18 4 19 B 20 6 21 7 22 8 23 . 24 1O 25 11 26 12 27 13 28 14 29 IB SO THOUSANDS HUNDREDS MILLIONS THOUSANDS HUNDREDS MILLIONS THOUSANDS HUNDREDS NET DEMAND DEPOSITS COLUMN (1) MINUS COLUMNS (2 AND 3) MILLIONS THOUSANDS HUNDREDS TIME DEPOSITS MILLIONS THOUSANDS 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/ B. 13.7 S M 4-37 FederalR.Reserve Bank of St. Louis CITY OR TOWN HUNDRED