Full text of Federal Reserve Bank of New York Circulars : 4655. Revised Reserve Report Forms

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FE D E RA L RE SE R V E BANK
OF NEW YORK
r Circular No. 4 655*1
L October 29, 1958 J

REVISED RESERVE REPORT FORMS

T o all M em ber Banks in the Second Federal R eserve D is tr ic t:

For approximately a year, member banks in the Second Federal Reserve District
have been reporting to us their daily vault cash balances for purposes of a survey
undertaken by this Bank. As you may recall, this survey was inaugurated in order
to provide us with information required for a study of proposals for the inclusion of
at least a part of vault cash in the reserve base.
The Board of Governors of the Federal Reserve System has now decided to
extend this report to all member banks in the United States and at the same time
also to collect daily data on United States Government demand deposits. Accordingly,
we request your further cooperation in reporting to us daily vault cash balances and
United States Government deposits. In order to simplify the reporting procedure as
much as possible, we ask that you report these two items in the same way that you
already report your daily net demand and time deposits. We have added a per­
forated supplement, “ Report of Vault Cash and United States Government Demand
Deposits,” to the regular “ Report of Net Demand and Time Deposits” (Form
R. B. 20 for weekly reports by central reserve and reserve city banks, and Form
R. B. 13 for semimonthly reports by country banks). A supply of the appropriate
report form, with the perforated supplement, is being sent to you under separate
cover. Weekly reporting banks are requested to commence reporting on the revised
form for the week ending November 5, and semimonthly reporting banks, for the
half month ending November 15. Please discard your present supplies of the form,
“ Report of Vault Cash Holdings,” and Form R. B. 20 or Form R. B. 13.
You will note that the amount of vault cash to be reported on the revised forms
is to be based on the vault cash balances shown on your books at the beginning of
business each day, instead of at the close of business each day.
I f you should need any assistance in the preparation of the supplemental part
of the report, our Financial and Trade Statistics Division will be glad to help.




A

lfred

H

ayes,

President.