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STATEMENT FOR THE PRESS Released for publication Friday morning, April 30; not earlier. Board of Governors of the Federal Reserve System April 29, 1937 CONDITION OF FEDERAL RESERVE BANKS During the week ended April 28 member bank reserve balances increased $57,000,000* Additions to mmher "bank reserves arose from increases of $48,000,000 in Reserve bank credit, and $45*000,000 in gold stock, and decreases of $7,000,000 in money in circulation and $24,000,000 in Treasury deposits with Federal Reserve banks, offset in port by increases of #42,000,000 in Treasury cash and $24,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on April 28 were estimated to be approximately $1,640,000,000, an increase of 050,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to $551,000,000 on April 28, an increase of $45,000,000 for the week. Principal changes in holdings of bills and securities were increases of 000,000 in discounted bills, $46,000,000 in United States bonds, and #11,000,000 in United States Treasury bills, and a decrease of $18,000,000 in United States Treasury notes. Changes in member bank reserve balances and related items during the week and the year ended April 28, 1937, were as followsi Increase or decrease since Apr. 28 1937 Apr* 21 1937 Apr. 29 1936 (In millions of dollars) Bills discounted Btlla bought U. S. Government securities Industrial advances (not including 18 million commitments - April 28) Other Reserve bank credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits v&th F. R. banks Nonmember deposits and other F. R. accountg 11 4 2,526 +3 +1 +39 — +6 -1 +96 +4 -7 +4 2,571 11,762 2,541 •48 +45 +1 +99 +1,561 +4o 6,934 6,381 2,956 95 528 +57 -7+42 -24 +24 +1,428 +522 +427 -584 -93 23 6 (B-801) Released for publication Friday morning, April 30,1937; not earlier. B~801a ASSETS AND LIABILITIES OF THE T'vVELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Apr. 28,1937 Apr. 21,1937 Apr. 29,1936 8,843,402 9,595 289,136 9,1-42,133 8,843,903 9,776 282,306 9,135,985 7,703,833 12,942 339,651 8,056,4-26 9,366 1,633 10,999 3,743 23,180 6,260 1,432 7,692 3,465 23,084 2,858 2.465 5,323 4,684 30,319 734,728 1,156,393 635,119 2,526,240 —1 2,564,162 230 21,033 626,231 45,861 45,495 688,621 1,174,343 623.619 2,486,583 — 2,520,824 230 23,904 693,276 45,869 43.944 265,723 1,554,889 609.667 2,430,279 181 2,470,786 631 19,664 522,097 48,031 38,093 12,445,145 12,464,032 11,155,728 4,176,990 4,184,068 3,741,690 6,933,816 94,747 96,017 173.966 7,298,546 619,975 132,183 145,854 27,490 36,3,42 7,965 6,876,640 118,631 99,234 145,780 7,240,285 691,279 132,186 145,854 27,490 36,142 6,728 5,506,314 679,209 83,356 278,147 6,547,026 521,228 130,657 145,501 26,513 34,108 9,005 TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . Contingent liability on bills purchased for foreign correspondents 12,445,145 12,464,032 11,155,728 Commitments to make industrial advances 17,528 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. ndtes . . . . Other cash Total reserves Bills discounted! Secured by U.S.Gov't obligations,direct or fully guaranteed Other bills discounted Total bills discounted Bills bought in open market Industrial advances . . U. S. Government securities: Bonds Treasury notes Treasury bills Total U. S. Government securities . Other securities Total bills and securities . . . . Due from foreign banks F. R. notes of other banks Uncollected items Bank premises .... All other assets TOTAL ASSETS LIABILITIES F. R. notes in actual circulation . . Deposits t Member bank - reserve account . . . . U.S.Treasurer - General account . . . Foreign bonk Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies .All other liabilities 79.7$ 784 80.0$ — 17,530 78.3$ — 25,576 ASSETS AIID LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 28, 1937 (In thousands of dollars) B-801b ASSETS Total Boston New York Phila. Gold certificates on hand and due from U. S. Treasury 8,843,402 476,086 3,383,347 538,562 908 346 901 Redemption fund - F. R. notes 9,595 2.89,136 32,603 Other cash 85,085 27,077 Total reserves 9,142,133 509,590 3,469,340 565,985 Bills discounted! Secured by U.S.Gov't obligations, 9,366 794 3,411 1,718 direct or fully guaranteed 1,058 Other bills discounted 127 1,633 107 Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. 652,533 263,730 238,714 1,764,548 271,732 180,559 265,731 169,436 638,4-24 316 1,335 590 522 1,883 750 540 1,021 483 16,908 20, 680 11,085 29,941 13,525 5,532 16,611 6,192 23, C97 670,031 284,932 251,682 1,794,805 286,592 186,841 282,825 176,168 663,342 180 18 630 9 1,250 7 120 23 175 31 15 5 170 79 748 105 155 64 198 292 1,044 639 119 2,190 1,257 107 268 143 384 1,006 206 86 337 20 60 784 249 87 704 853 87 1,339 219 249 1,911 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills 734,728 53,544 1,156,393 84,278 635,119 46,287 210,856 62,043 331,891 97,656 182,282 53,636 71,520 38,690 32,329 112,575 60,898 50,806 61,828 33,447 27,905 80,965 32,393 23,899 36,099 28,686 63,704 127,440 50,988 37,617 56,821 45,150 100,273 69,993 28,004 20,660 31,207 24,798 55,072 TotyfcL U.S.Gov't securities 2,526,240 184,109 725,029 213,335 245,923 133,035 111,040 278,398 111.138582,176 124 ,127 98,634 219,049 Total bills and securities Due from foreign banks F.R.notes of other banks Uncollected items Bank premises All other assets 2,564,162 188,511 2.30 17 21,033 348 626,231 63,470 45,861 3,043 45,495 2,720 737,323 219,723 88 23 5,712 904 149,377 46,219 10,088 4,910 12,755 6,190 247,457 135,983 112,672 8 10 21 1,217 1,825 2,384 64,043 51,097 26,664 6,333 2,773 2,224 4,802 2,800 1,793 279,931 112,014 83,040 125,167 100,913 221,428 6 16 4 27 7 3 1,358 522 1,736 2,645 1,221 1,251 88,152 27,836 18,005 31,158 24,550 35,660 1,500 3,244 1,269 3,419 4,682 2,376 1,500 1,994 1,732 3,327 4,098 1,704 TOTAL ASSETS 10,999 3,743 23,180 901 223 3,278 4,469 1,731 6,094 1,845 318 4,225 12,445,145 767,699 4,384,683 843,954 993,904 479,420 397,427 2,174,340 431,747 292,237 445,646 305,160 928,928 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH APRIL 28, 1937 (In thousands of dollars) B~801c LIABILITIES Total Boston New York Phila. Cleve. F.R.notes in actual circulation 4,176,990 319,438 889,743 311,912. 425,686 Deposits: Member bank - reserve account 6,933,816 346,012 3,051,462 433,948 437,003 U.S.Treasurer - General account 94,747 4,167 39,663 1,867 7,366 Foreign bank 96,017 7,010 34,659 9,410 8,834 Other deposits 173,966 2,757 102,992 6,307 21,346 Ibtal deposits 7,298,546 359,946 3,228,776 451,532 474,549 Deferred availability items 619,975 64,245 144,612 46,314 61,748 51,274 12,240 12,853 Capital paid in 132,183 9,376 9,826 51,474 13,362 14,323 Surplus (Section 7) 145,854 2,874 7,744 4,325 1,007 Surplus (Section 13 b) 27,490 1,570 9,260 3,000 3,121 Reserve for contingencies 36,142 424 1,800 1,269 All other liabilities 617 7,965 TOTAL LIABILITIES Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 193,379 182,747 963,699 178,254 139,700 159,270 88,713 324,449 210,286 167,073 1,053,102 197,829 116,546 234.673 167,984 517,898 2,726 7,461 2,302 7,693 2 ^ 227 2,069 12,666 4,540 4 ,129 3,361 11*138 2,881 2,208 2,785 2,785 6,817 1,632 8,167 4,561 1 5 2 4 , 9 0 0 11,868 3,611 222,315 176,114 1,078,538 213,417 126,041 245,071 177,971 544,276 48,681 25,912 87,316 29,544 17,095 31,288 27,336 35,884 4,858 4,317 3,810 2,897 3,993 3,862 10,115 12,588 4,869 5,616 21,504 4,655 3,116 3,613 3,851 9,645 3,422 545 1,003 1,142 1,262 1,996 l,4l6 754 1,52.2 1,690 7,880 1,197 2,069 941 1,847 2,037 1,391 277 325 328 318 374 526 316 5,673 12,445,145 767,699 4,384,683 843,954 993,904 479,420 397,427 2,174,340 431,747 292,237 445,646 305,160 928,928 Contingent liability on bills purchased for foreign correspondents 784 Commitments to make industrial advances 17,528 57 283 77 72 34 27 91 23 18 23 23 56 2,377 6,293 174 1,355 2,185 358 10 1,004 65 136 302 3,269 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U.S.Government securities 10,999 3,743 23,180 2,526,240 16 to 30 days 31 to 60 days 10,226 59 30 942 23,790 310 84 6l4 413 59,278 Within 15 days 221 27,770 61 to 91 days to 6 months 90 days 6 months to 1 Ysar 487 2,789 133 10 661 2,269 354,334 3,815 375,302 67,123 1 Yea? to 2 Y#surs 5,558 254,971 2 Years to 5 Years 9,301 679,815 Over 5 Years 683,857 FEDERAL RESERVE HOTS STATEMENT ON APRIL 28, 1937 (in thousands of dollars) B-801d Total Boston Federal Reserve notes: Issued to F.R.bank ty F.R.agent Held by Federal Reserve bank In actual circulation New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Ilinn. Kans.Cy. Dallas San Fran. 4,494,218 353,636 992,010 326,877 452,2.83 204,04l 203,542 992,281 187,275 143,653 170,974 97,752 369,894 317,228 34,198 102,267 14,965 26,597 10,662. 20,795 28,582 9,021 3,953 11,704 9,039 45,445 4,176,990 319,438 889,743 311,912. 425,686 193,379 182,747 963,699 178,254 139,700 159,270 88,713 324,449 Collateral held by agent as security for notes issued to banks Gold certificates on hand and due from U. S. Treasury 4,518,132 37L,000ip00,000 332,000 Eligible paper .10,848 887 4,497 1,750 U. 8. Gov't securities 52,000 — — ~ Total collateral 4,580,980 371,887ipo4,497 333,750 457,000 204,000 180,000 3/)00,000 174,632 138,000 174,000 98,500 389,CH0 120 200 15 180 630 1,250 244 846 229 15,000 7,000 30,000 457,180 204,630 211,250 lp00,120 189,832 145,015 174,244 99,346 389,229
@FedFRASER