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STATEMENT FOR THE PRESS Released f o r publication Friday morning, April 23$ not e a r l i e r . Board o f Governors o f the Federal Reserve System April 22, 1937 CONDITION OF FEDERAL RESERVE BANKS During the week ended April 21 member bank reserve balances decreased #524,000,000. Reductions i n member bank reserves arose from increases of #5,000,000 i n money in c i r c u l a t i o n , $38,000,000 in Treasury cash,. $7,000,000 in Treasury deposits with Federal Reserve banks, and $10,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease o f #5,000,000 in Reserve bank c r e d i t , o f f s e t in part by an increase o f 000,000 i n gold stock. Excess reserves of member banks on April 21 were estimated to be approximately $ 1 , 5 9 0 , 0 0 0 , 0 0 0 , a decrease o f $40,000,000 for the week. Inactive gold included in the gold stock and in Treasury cash amounted to $506,000,000 on April 21, an increase of 041,000,000 f o r the week. P r i n c i p a l changes in holdings of b i l l s and s e c u r i t i e s were an increase of $17,000,000 in United S t a t e s Treasury b i l l s , and decreases o f $16,000,000 in United S t a t e s Treasury notes and $3,000,000 in discounted b i l l s . Changes in member bank reserve balances and related items during the week and the year ended April 21, 1937, were as follows i Increase or decrease since Apr. 21 1937 Apr. l 4 1937 Apr. 22 1936 (in millions o f d o l l a r s ) B i l l s discounted B i l l s bought U. S. Government s e c u r i t i e s I n d u s t r i a l advances (not including 18 million commitments - April 21) Other Reserve bank credit T o t a l Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in c i r c u l a t i o n Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F. R. accounts 8 3 2,487 23 2 -3 -1 — +3 -2 +57 -2 -7 -3 2,523 11,737 2,54) -5 +4o -l +48 +1,528 +39 6,877 6 , 3 88 2,914 119 504 -2-4 +5 +38 +7 +10 +1,435 +528 +357 -593 -111 — (B-801) Released f o r publication Friday morning, April 23,1937; not e a r l i e r . B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OQUBINED ( i n thousands o f d o l l a r s ) Apr. 21,1937 Apr. 14,1937 Apr. 22,1936 8,843,903 9,776 282,306 9,135,985 8,843,894 10,656 279,673 9,134,223 7,663,833 13,74l 342,255, 8,019,834 6,260 1,432 7,692 3,465 23,084 9,789 1,259 11,048 3,522 22,544 3,021 2,249 5,270 4,682 30,039 688,621 1,174,343 623,619 2,486,583 — 689,621 1,190,343 606,619 2,486,583 — 265,785 1,554,889 609,667 2,430,341 181 2,520,824 230 23,904 693,276 45,869 43,944 2,523,697 230 20,621 780,351 45,372 45,631 2,470,513 633 22,870 564,780 48,017 36,731 12,464,032 12,550,625 11,163,378 4,184,068 4,176,094 3,748,576 6,876,640 118,631 99,234 145,780 7,240,285 691,279 132,186 145,854 27,490 36,142 6,728 6,900,752 111,674 93,622 142,271 7 r ( 248,319 776,110 132,168 145,854 27,490 36,177 8.413 5,441,618 712,424 86,116 269,214 6,509,372 560,830 130,697 145,501 26,513 34,104 7,785 12,464,032 12,550,62.5 11,163,378 ASSETS Gold c e r t i f i c a t e s on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash ; . . Total reserves B i l l s discounted: Secured by U.S.Gov't o b l i g a t i o n s , d i r e c t or f u l l y guaranteed Other b i l l s discounted Total b i l l s discounted B i l l s bought i n open market I n d u s t r i a l advances U. S. Government s e c u r i t i e s : Bonds Treasury notes Treasury b i l l s Total U. S. Government s e c u r i t i e s . . Other s e c u r i t i e s Total b i l l s and s e c u r i t i e s Due from foreign banks F. R. notes o f other banks Uncollected items Bank premises All other a s s e t s TOTAL ASSETS L I A B I L I T I E S F. R. notes i n actual c i r c u l a t i o n . . . Deposits: Member bank - reserve account . . . . U.S.Treasurer - General account . . . Foreign bank Other deposits Total deposits Deferred a v a i l a b i l i t y i t e n s Capital paid i n Surplus (Section 7 ) Surplus (Section 13 b) Reserve f o r contingencies All other l i a b i l i t i e s TOTAL LIABILITIES Ratio o f t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . . . 80.0% 80.0$ 78.2$ Commitments to make i n d u s t r i a l advances 17,530 19,211 25,607 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 21, 1937 (In thousands o f d o l l a r s ) B-801b A S S E T S Total Boston New York Phila. Gold c e r t i f i c a t e s on hand and due from U. S . Treasury 8,843,903 485,252 3 , 3 8 6 , 6 9 1 536,719 Redemption fund - F. R. notes 9,776 930 1,061 403 Other cash 282,306 3 1 , 2 1 7 8 5 , 0 9 8 28,156 Total reserves 9 , 1 3 5 , 9 8 5 517,399 3 , 4 7 2 , 8 5 0 565,278 B i l l s discomted t Secured by U.S.Govt, o b l i g a t i o n s , d i r e c t or f u l l y guaranteed 1,018 6,260 747 2,949 Other b i l l s discounted 74 1,432 712 257 Total b i l l s discounted B i l l s bought i n open market I n d u s t r i a l advances U. S.- Government s e c u r i t i e s J Bonds Treasury notes Treasury b i l l s 7,692 3,465 23,084 1,004 3,661 223 3,278 1,453 .6,081 1,092 318 4,228 688,621 1,174,343 623,619 50,207 85,621 45,468 196,531 335,152 177,978 58,060 99,013 52,579 Cleve. Rich. Atlanta Chicago S t . L o u i s Minn. Kans.Cy. Dallas San Fran. 6 5 3 , 0 0 8 273,992 248,750 1,72.4,447 270,720 184,287 267,755 165,762 646,520 636 296 1,922 358 1,346 753 492 546 1,033 1 4 , 2 7 6 18,413 10,373 3 1 , 3 0 5 13,162 4 , 9 9 9 15,599 5,903 23,805 667,920 2 9 2 , 7 0 1 261,045 1 , 7 5 6 , 1 1 0 285,228 190,039 283,846 172,211 671,358 128 18 305 9 250 7 30 34 175 31 5 5 50 79 543 142 60 64 146 292 1,053 314 119 2,192 257 107 269 64 384 1,006 206 86 339 10 60 787 129 87 704 685 87 1,235 124 249 1,912 67,039 114,329 60,713 36,447 62,155 33,007 30,376 51,800 27,508 76,055 129,704 68,877 30,529 52,061 27,646 22,516 38,397 20-391 34,046 58,061 30,5832 26,997 5 9 , 8 1 8 46,040 102,010 24,449 54,171 T o t a l U.S.Gov't s e c u r i t i e s 2 , 4 8 6 , 5 8 3 181,296 7 0 9 , 6 6 1 209,652 2 4 2 , 0 8 1 131,609 :109,684 274,636 ;110,236 8 1 , 3 0 4 ;122,939 97,486 215,999 Total b i l l s and s e c u r i t i e s 2 , 5 2 0 , 8 2 4 185,801 720,856 215,290 243,572 :1 3 4 , 2 3 4 110,317 8 10 21 1,466 2,227 1,833 6 5 , 5 7 3 56,339 2 4 , 8 6 9 2,224 6,332 2,782 4,720 1,772 2,719 276,090 110,867 8 2 , 1 6 1 :123,859 99,493 218,284 16 6 320 2,662 29,210 39,785 3,423 1,255 3,266 1,711 DUB from f o r e i g n banks F . R . n o t e s o f o t h e r banks Uncollected items Bank premises All o t h e r a s s e t s TOTAL ASSETS 230 23,904 69^,276 45,869 43,944 17 352 78,093 3,043 2,666 88 6,845 168,862 10,088 12,395 23 1,016 52,331 4,920 5,474 1 2 , 4 6 4 , 0 3 2 7 8 7 , 3 7 1 4 , 3 9 1 , 9 8 4 844,332 27 2,446 93,490 4,682 4,033 4 2,471 32,076 2,377 1,682 3 868 15,892 1,500 1,556 7 1,398 36,756 3,243 1,950 9 8 9 , 6 0 4 490,618 4 0 2 , 4 6 2 2 , 1 3 6 , 8 7 8 434,705 2 9 2 , 0 1 9 451,059 304,206 938,794 ASSETS AND LIABILITIES OF THE FEDERAL, RESERVE BA1JKS ON APRIL 21, 1937 (In thousands o f d o l l a r s ) B-801b L I A B I L I T I E S Total Boston Hew York Phila. €leve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual c i r c u l a t i o n 4,184,068 321,649 886,739 308,678 427,951 195,160 184,597 963,546 179,179 139,470 159,970 90,182 326,947 Depositsi Member bank - reserve account 6,876,640 348,611 3 , 0 5 9 , 2 4 1 429,296 425,355 214,636 170,818 1,019,206 189,138 117,507 228,808 163,039 510,985 3,176 2,117 12,015 U.S.Treasurer - General account 118,631 4,564 57,112 2,292 3,922 l,64l 2,329 10,061 1,964 17,438 3,483 11,545 2,986 Foreign bank 99,234 7,266 35,802 9,754 9,157 4,280 2,289 2,886 2,720 7,066 3,733 2,247 6,881 Other deposits 145,780 1,830 70,706 8,602 22,781 3,594 4,694 2,818 4,528 13,366 Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus (Section 7 ) Surplus (Section 13 b ) Reserve f o r contingencies All other l i a b i l i t i e s TOTAL LIABILITIES Comraitiaents to make i n d u s t r i a l advances 7,240,285 362,271 3 , 2 2 2 , 8 6 1 449,944 461,215 224,151 181,210 1,035,115 211,020 126,819 244,573 172,251 548,855 93,559 34,006 16,320 36,552 30,737 38,734 691,279 79,458 160,825 52,207 68,615 56,259 24,007 4,857 4,331 12,587 3,S10 2,898 3,993 3,862 10,115 132,186 9,378 51,259 1 2 , 2 4 l 12,855 4,869 5,616 21,504 4,655 3,116 3,613 3,851 9,645 145,854 9,826 51,474 13,362 14,323 3,422 754 l,4l6 545 1,003 1,142 1,262 1,996 27,490 2,874 7,744 4,325 1,007 1,522 1,690 7,888 1,197 2,069 94l 1,847 2,037 36,142 1,570 9,260 3,000 3,121 378 257 1,263 293 324 275 214 465 6,728 345 1,822 575 517 12,464,032 787,371 4 , 3 9 1 , 9 8 4 844,332 989,604 490,618 402,462 2,136,878 434,705 292,019 451,059 304,206 938,794 17,530 2,397 6,302 174 1,175 2,191 358 10 1,004 66 136 4li 3,306 MATURITY DISTRIBUTION OF BILLS Alffi SECURITIES Total B i l l s discounted B i l l s bought I n d u s t r i a l advances U.S.Government s e c u r i t i e s 7,692 3,465 23,084 ,486,583 Within 15 days 16 to 30 days 31 to 60 days 61 to 90 days 7,101 171 883 22,277 4l 198 249 27,320 106 301 459 55,527 355 2,795 620 80,158 91 days to 6 months 6 months to 1 Year 1 Year to 2 Year 2 Years to 5 Years Over 5 Years 80 2,258 353,990 3,830 367,225 5,506 254,971 9,279 687,068 638,047 FEDERAL RESERVE SOTE STATEMENT ON APRIL 21, 1937 ( i n thousands o f d o l l a r s ) B-801b Total Federal Reserve n o t e s : Issued to F.R.bank by F.R.agent Held by Federal Reserve bank In actual c i r c u l a t i o n Boston Ilex? York Phila. Gleve. Rich. Atlanta Chicago S t . Louis Minn. Kans.Cy. Dallas San Fran. 4 , 4 8 0 , 4 8 4 337,856 296,416 16,207 993,892 326,467 451,546 205,941 204,882 107,153 17,789 23,595 10,781 20,2.85 990,433 187,128 26,887 7,949 143,298 170,810 3,828 10,840 98,214 370,017 8,032 43,070 4,184,068 321,649 886,739 308,678 427,951 195,160 184,597 963,546 179,179 139,470 159,970 90,182 326,947 C o l l a t e r a l held by agent as s e c u r i t y f o r notes issued to banki Gold c e r t i f i c a t e s on hand and due from U. S . Treasury E l i g i b l e paper U. S. Gov't s e c u r i t i e s Total c o l l a t e r a l 4,516,132 371,000 i p 0 0 , 0 0 0 332,000 453,000 207,000 180,000 1,000,000 174,632 137,000 7,472 990 3,581 1,037 128 305 250 4l 200 5 52,000 — — — . — 30,000 — 15,000 7,000 174,000 124 — 98,500 389,000 677 134 — 4 , 5 7 5 , 6 0 4 371,990 1,003,581 333,037 453,128 207,305 210,250 1,000,o4l 189,832 144,005 174,124 99,177 389,134
@FedFRASER