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STATEMENT FOR THE PRESS Board of Governors of tlie Federal Reserve System January 1937• Released, for publication Friday morning, Jan* 15; not earlier. C03:TD II101! OF FEDERAL RESERVE BAKES The daily average volume of Federal Reserve "bank credit outstanding during tfoe week ended January 13, as reported by the Federal Reserve tanks, was $2,4o6,000,000, an increase of $5,000,000 compared with the preceding week and of $1,000,000 compared with the corresponding week in 193&* On January 13 total Reserve hank credit amounted to $2,^70,COO,000,1 & increase of $12,000,000 for the week. This increase corresponds with increases of t $113,000,000 in member bank reserve balances, $2,000,000 in Treasury cash and deposits with Federal Reserve banks,and $30,000,000 in nonraember deposits and other Federal Reserve accounts, and a decrease of $3,000,000 in Treasury currency, offset in part by a decrease of $102,000,000 in money in circulation and an increase of $35>000*000 in monetary gold stock. Member bank reserve balances on January 13 were estimated to be approximately $2,100,000,000 in excess of legal requirements* Relatively small changes were reported in the System1s holdings of bills discounted, purchased bills and industrial advances. A decrease of $^,000,000 in holdings of United States Treasury bills was offset by an increase of $3*000,000 in holdings of United States Treasury notes. Changes in the amount of Reserve bank credit oxitstanding and in related items during the week and the year ended January 13, 1937» W Q r c as follows: Increase or decrease since Jan. 13 1937 Jan. 6 Jan* 15 J22L. 1956 (In millions of dollars) Bills discounted 2 Bills bought > U. S. Government securities 2,^30 Industrial advances (not including 21 million commitments - January 13) 2U Other Reserve bank credit 16 TOTAL RESERVE BAH£ CREDIT Monetary gold stock Treasury currency Money in ciraalation Member bank reserve balances Treasury cash and deposits with F.R.banks IJonmember deposits and other F.R. accounts -1 -3 -2 — — — +12 -S +3 2,1+76 11,306 2.52S +12 +35 >3 ~9 +i,iHs +36 6,371 6,7^0 2,629 569 -102 +113 +2 '+30 +6U9 +SS1 -3S9 +32 — (B-S01) Released for publication Friday morning, January 15,1937; not earlier. B-SOla ASSETS AITD LIABILITIES OP TI-IZ TWELVE FEDERAL RESERVE BAIIKS COLE HIED (In thousands of dollars) Jan. 13,1937 Jan. 6,1937. Jan. 15,1931 A S S E T S Gold certificates on hand and due from U. S. Treasury . Redemption fund ~ ?. R. notes Other cash . # ...... Total reserves . . . . .. Bills discounted: Secured by U.S.Gov1t 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 .... 9,167,961 8,851,383 12,533 278,370 9,142,286 7,617,88! 16,435 327,896 7,962,212 1,^7 s6i 2,348 2,191 850 3,O4I 2,637 2,715 . . 3,089 24,221 3,089 24,328 4,657 32,239 . U90,690 1,3^3,963 595,574 2,430,227 490,643 1,3^0,963 598,621 2,430,227 215,6S7 1,624,598 5S9,95S 2,430,243 181 . . S,S49,S82 13,330 304,7U9 — ~ 5,352 . 2, '459,885 2,460,685 2,472,672 Due from foreign banks If. R # notes of other banks . . . . . . . Uncollected items Bank premises . . . . . . . . . All other assets . 220 31,902 671,91^ 546,146 39,200 220 3^,3S1 660,927 46,l46 663 30,030 601,917 37,727 39,104 12,Ul7,22S 12,382,432 11,154,384 4,176,75s 4,242,336 3,619,651 6,739,615 190,033 92,638 215,592 6,627,004 232,287 95,601 IS2,021 5,858,865 461,63s 43,5^6 240,949 7,237,S7S 656,123 131,792 145,854 27,190 35,26s 5,365 7,136,913 657,442 131,704 1^5,854 27,190 36,24s 6,604,99s 12,^17,228 12,382,432 11,154,334 TOTAL ASSETS L I A B I L I T I E S E. R. notes in actual circulation . . . Deposits: Member bank - reserve account . . . . . U. S. Treasurer - General account . . . foreign bank Other deposits • . . . . . . . . » • . . Total deposits . Capital paid in Surplus (Section 7) . . . Surplus (Section 13 b) . . . . . . . . . Reserve for contingencies . . . . . . . . All other liabilities . . . . TOTAL LIABILITIES Ratio of total reserves to deposit and E. R. note liabilities combined . . . . ?0.3)j Commitments to make industrial advances . 20,565 80.3 fo *?q,64o ^Revised. 529,917 130,609 145,501 26,4o6 33,907 3,395 77.9$ 27,213 ASSETS AITD LIABILITIES OF THE FEDERAL RESERVE BA1TES Oil JA1TUARY 13, 1937 (In thousands of dollars) B-GOIb A S S E T S Dotal Boston How York Phila. Clove. Rich. Atlanta Chicago St .Louis Minn. Hans.Cy. Dallas San Fran, Gold certificates on hand and due from U.S. Treasury 8,849,882 571,519 3,^2,372 51^,597 Redemption fund - I.E.notes 13,330 1,327 1,15S 576 Other cash 304,7% 26,332 77,221 30,6HI 623,006 282,229 226,562 1,685,981 250,834 171,021+ 244,817 177,678 612,763 895+ 707 2,598 763 1,551 905 649 684 1,45s 22,114 18,968 15,591 3^,750 18,395 9t^07 15,7^5 7,050 28,535 9,167,961 599,238 3,567,251 545,81)4 646,oi4 301,904 244,751 1 , 7 2 1 , 4 9 4 270,780 181,336 261,211 185,U12 642,756 Total reserves Bills discounted: • Other "bills discounted 1,487 86l 51 15 681 630 521 18 —— 1,311 1,100 5,916 539 18 105 42 23 1 43 121 2,597 1^7 108 391 23 385 1/413 44 86 381 26,939 73,782 32,696 22,198 60,799 26,944 55,810 152,860 67,7^0 23,432 64,181 2S,44l 85 9 Total "bills discounted 66 2,348 Bills bought in open market 3,089 225 Industrial advances 24, 221 2,773 U.S. Government securities: Bonds U90, 690 35.^71 Treasury notes 1.3^3.9 63 97,153 595,574 43,054 Treasury bills . 317 4,610 18 294 1,182 131,699 39,328 360,713 107,715 159,s48 47,734 50,52^ 138,380 61,323 Total U.S.Gov't securities 2,430,227 175,67s 652,260 19^,777 250,227 133,417 109,9^1 2^59,835 17S, 742 660,537 200,243 251,721 136,229 110,587 Due froim foreign banks F. R, notes of other banks Uncollected items Bah!.': premises All other assets TOTAL ASSETS 220 31,902 671,91U h6,i46 39,200 17 321 71,220 3,057 2,367 84 s,94s 170,465 10,134 10,353 21 781 51,335 4,952 4,999 12,417,228 854,962 4,427,822 808,145 20 2,272 68,912 6,368 4,439 94 10 3,077 55,176 2,810 2,588 8 2,067 23,437 2,237 1,620 — 3 5 8 61 i,o4o — 38 6 38 87 778 6 87 1,315 40 i4 54 218 1,825 25,562 70,013 31,026 19,175 43,303 52,518 118,606 23,273 52,559 276/410 116,054 85,428 126,601 9^,966 2i4,46s 278,231 116,565 86,537 127,50H 6 3 2,223 1,153 16,290 35,692 3,285 1,493 1,312 1,827 96,37^ 216,565 6 15 4,284 7io 25,198 33,259 1,261 3,449 1,480 2,900 26 3,856 89,391 4,710 3,689 4 2,210 31,539 2,390 1,626 17,2^9 47,243 20,936 979>7^° 501,794 384,707 2,101,397 ^25,11^ 288,124 431,7^ 310,441 903,228 ASSETS AiTD LIABILITIES OF THE FEDERAL RESERVE BAIUS OIT JAHJARY 13, 1937 (in thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston Hew Yorlt phi la. Cleve. F.R.notes in actual circulation 4,176,75s 351,668 284,333 305,260 Deposits: Member ban!; - reserve account 6,739,615 384,031 2,996,^96 393,271 U.S.Treasurer - General account 190,033 13,496 Sl,l44 10,739 Foreign bank: 92,638 6,855 33,212 8,615 Other deposits 215,592 4,26l 146,756 2,208 Total deposits Deferred availability items Capital paid in Surplus (Section j) Surplus (Section 13 "b) Reserve for contingencies All other liabilities TOTAL LIABILITIES Commitments to maLre industrial advances Rich. Atlanta Chicago St.Louis Minn. Hans.Cy. Dallas San Fran. ^13,356 200,682 182,701 950,833 179,206 133,55S 159,S36 89,017 325,708 434,289 2 1 7 , 1 4 9 1 5 4 , 7 5 2 7,360 4,254 11,647 2,523 4,076 3,243 13,167 3,643 3,757 972,821 188,174 119,046 221,803 16s,885 483,292 33,396 4,812 2,585 3,642 5 . 0 7 s 11,880 10,746 2,779 2,223 2,687 2,687 6,392 1,360 7,029 5,233 195 7 , 7 4 6 20,234 7 , 2 3 7 , 2 7 s )+08,643 3 , 2 5 8 , 2 0 s 420,433 164,045 49,161 656,123 70,84s 51,192 1 2 , 2 1 1 131,792 9,385 145,854 9,826 51,474 13,362 2,874 7,744 27,190 4,325 36,268 9,260 3,000 1,571 147 1,566 5,365 393 467,626 232,22s '166,012 1,018,323 202,794 129,087 228,330 :184,396 521,792 67,042 54,135 23,493 S7,413 32,097 16,155 33,701 26,104 31,929 3,s4o 10,159 4,286 2,944 3,920 3,7SS 4 , 7 2 2 12,532 12,753 9,645 5 , 6 1 6 4,655 4,869 21,504 3,116 3,613 3,251 14,323 754 1 , 2 6 2 1,696 l,4i6 1,142 545 1,003 3,422 1,007 1,247 3,120 1,522 1,690 931 2,037 7,939 1,19* 2,097 124 256 164 214 215 1,377 235 519 155 12,417,228 854,962 4,427,822 808,145 979,746 501,79^ ;384,707 2,101,397 425,114 288,124 :431,74s ;310,441 903,22s 20,565 1,997 8,494 228 1,221 288 2,288 10 1,273 70 3i4 489 3,893 MATURITY DISTRIBUTI01T OF BILLS ATD SECURITIES 'Total Bills discounted Bills bought Industrial advances U.S.Government securities 2,348 3,089 24,221 2,430,227 Within 15 days 16 to 30 days 1,914 64 16 278 23,499 320 25,309 1,010 to oO days 6l to 90 days l44 220 527 58,029 254 2,527 91 days to 6 months 16 1,158 1,118 60,280 271,115 5 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years 5,87s 375,306 9,940 830,724 Over 5 Years 4 4,210 342,329 443,516 fSDZRAL HESBHVS I TOTE STATSMEiTT Oil JAlfJAHY 13, 1937 (in thousands of dollars) B-301d Total Federal Reserve notes: Issued to F.R.bank by F.R.agent Held by Federal Reserve ban!: in actual circulation Boston Her/ York Phila. Cleve. Rich.. Atlanta Chicago St.Louis Minn. Ilans.Cy. Dallas San Fran. 4,552,517 383,300 1,009,162 326,613 442,907 213,022 209,905 331,759 31,632 124,329 21,353 29,551 17,3^0 27,504 936,254 191,911 140,736 l6S,792 35,'^21 12,105 7,175 8,956 93,639 332,226 9,672 56,513 334,333 305,260 413,356 200,632 132,701 950,333 179,S06 133,553 159,536 S'9,017 325,703 4,540,333 ^06,000 1,025,70b 332,000 443,000 213,000 l6S,000 1,735 51 S93 521 — 35 105 101,000 — — — —6,000 45,000 990,000 171,632 123,000 170,000 3 3 29 30,000 15,000 5,000 99,500 339,000 M 4 3 . 5 7 3 406,051 1,026,599 332,521 443,000 219,035 213,105 990,000 201,640 143,003 175,029 93,500 339,040 176,75s 351,663 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper U. S. Gov't securities Total collateral 40
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