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STATEMENT FOE THE PRESS Released for publication Friday, morning, Jan. 22; not earlier. Board of Governors of the Federal Reserve System January 21, 1937• 001IDITI01T OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve "bank credit outstanding dLiring the week ended January 20, as reported "by the Federal Reserve banks, was $ 2 , 0 0 0 , 0 0 0 , a decrease of $2,000,000 compared with the preceding week and of $1,000,000 compared with the corresponding week in 193&* On January 20 total Reserve bank credit amounted to $2,U6S,000,000, a decrease of $3,000,000 for the week. This decrease corresponds with a decrease of $32,000,000 in money in circulation and increases of $11,000,000 in monetary gold stcj±; and $5,000,000 in Treasury currency, offset in part by increases of $15,000,000 in member bank reserve balances, $22,000,000 in Treasury cash and deposits with Federal Reserve banks, and $4,000,000 in nonmember deposits and other Federal Reserve accounts. Member bank reserve balances on January 20 were estimated to be approximately $2,130,000,000 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 $3,000,000 in holdings of United States Treasury bills was offset by increases of $2,000,000 in holdings of United States Treasury notes and $1,000,000 in United States bonds* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended January 20*. 1937> were as follows: Increase or decrease since Jan. 20 1937 Jan. 13 1937 Jan. 22 1936 (in millions of dollars) Bills discounted 2 Bills bought 3 U. S. Government securities 2,^30 Industrial advances (not including 20 million commitments - January 20) 2b Other Reserve bank credit g TOTAL RESERVE BABE CREDIT Monetary gold stock Treasury currency Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks ITonmember deposits and other F«R.accounts -2 — — — -g +u 11,317 2.533 -S +11 +5 ~9 +1,1^5 +35 6,339 6,755 2,651 573 -32 +15 +22 '+U +$35 +953 "+2U (B-SOl) Released for publication Friday morning, January 22,1937'. n o t earlier. B-SOla ASSETS AITD LIABILITIES OF TE3 TWELVE FEDERAL RESERVE BA1ES C0MBI1SD (in thousands of dollars) Jan. 20, 1937 Jan. 13, 1937 Jan. 22,1936 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Bills discounted: Secured "by U.S.Gov't obligations,direct or fully guaranteed Other "bills discounted Total hills discounted Bills bought in open market Industrial advances . . . U. S. Government securities: Bonds Treasury notes Treasury hills Total U.S. Government securities Other securities Total hills and securities Due from foreign banks F. R. notes of other banks Uncollected items . . . Bah:-premises All other assets 8,8^9,893 12,729 31)+,571+ 9,177,196 1,50b 825. 2,381 3,0SU 2^,131 . . . TOTAL ASSETS U92,0^5 1,3^5,963 592,219 2,U30,227 — 2,1+59,323 223 29,S21 665,SUo 1+6, lH6 8,3^9,882 13,330 30*+, 7^9 9,167,961 7,619,3^8 16,126 336,906 7.972,380 1,^87 86l 2,3^8 3,6^4 2,776 6,1+20 3,089 2^,221 U,657 32,210 1+90,690 1,3^3,963 595,57*+ 2,1+30,227 ~~ 1 2, +59,S85 215,703 1,619,653 59^,908 2,1+30, 26U 181 2,1+73,732 220 31,902 671,91^ 4o,lU6 39 , 200 2*+,865 535,717 797 39.^23 12,^-19,193 12,1+17,228 11,09^,582 1+,159,036 ^,176,758 3,608,0l+9 6,75^,890 188,259 9^,900 217,5^+0 7,255,589 658,189 131,97? 1%,85U 27,1§0 36,232 "5.131 6,739,615 190,033 92,638 215,592 7,237,878 656,123 131,792 1^5,85U 27,190 36,26s 5,365 5,802,1+36 51^,995 1+7,822 2Hg,106 6,613,359 533,058 130,653 1^5,501 26,1+06 33,901 3,655 12,^19,193 12,1+17,228 11,09^,582 L I A B I L I T I E S F. R. notes in actual circulation . . . . Deposits: Member bank - reserve account . . . . . U.S. Treasurer - General account . . . . Foreign bank Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 1 3 b ) . Reserve for contingencies . All other liabilities TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined Commitments to make industrial advances . 80.^1 80.3$ 78.0$ 20,332 20,565 27,091 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON JANUARY 20, 1937 (in thousands of dollars) B-801b ASSETS Total Boston New York Phila. Geld certificates on hand and due from U.S. Treasury Redemption fund - F.R.notes Other cash Total reserves r< o liHo ,Or -M O 558,062 3,522,619 499,245 0,0^,893 i,o46 535 12,729 1,360 77,253 31,37^ 3i'4,5T1+ 27,315 9,177,196 526,737 3,600,91s 531,15^ 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 nwtes Treasury bills Total U.S.Govft securities Total bills and securities Due from foreign banks F. R. notes of ether banks Uncollected items Bank premises All other assets TOTAL ASSETS 1,506 275 95 7 76S 584 355 9 2,321 3,OS4 24,131 102 225 2,772 1,352 364 1,095 5,916 492,045 1,3^5,963 592,219 35,569 97,292 42,811 2,430,227 175,672 132,062 361,251 152,9^7 652,260 2,459,823 17S,777 223 17 606 29,221 665,s4o 69,236 46,146 3,057 4o,i44 2,443 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 612,69^ 285,659 229,92s 1,691,957 255,064 168,316 242,595 177.762 605,902 S5I+ 436 2,567 727 1,540 900 642 677 1,445 22,907 21,044 15,709 38,790 i s , 5 1 2 9,337 1 5 , 1 5 s 6,724 30,^51 636,455 307.139 24s,264 1,731,504 275,116 172,553 258,395 125,163 637,792 9 10 4 25 132 50 11 101 35 2 2 i4 223 10s 386 61 3S5 1,329 136 86 375 4 61 1,02s 17,297 ^7,313 20,819 86,522 127,497 9b,3Sl 216,583 6 15 6 3 522 4,931 2,392 1,223 15,943 34,647 27,227 33,328 1,261 3,449 3,285 1,^93 1,923 1,557 2,921 1,355 317 4,596 9 294 1,17s 121 2,572 39,^37 107,S75 47,465 50,664 13s,5S6 60,97s 27,013 73,S9i 32,512 194,777 250,22s 133,4i6 109,941 55,964 2 3 , ^ 7 153,087 64,276 67,359 2S, 281 276,410 116,054 660,623 200,054 21 27 2,384 736 167,161 53,992 10,134 ^,952 5,096 10,470 251,709 136,123 110,65s 20 10 8 1,475 2,715 1,797 64,345 60,875 25,963 6,36s 2,810 2,237 2,611 1,665 ^,556 272,245 116,651 26 4 1,963 3,071 84,480 22,637 4,710 2,390 3,316 1,671 12,^19,193 2^0,273 M57,777 796,011 22,259 60,890 26,792 964,92s 512,223 390,592 2,105,252 4i 19 40 16 4i 19 87 1,309 56 218 1,842 27 70S 25,632 19,228 43,423 70,118 52,596 112,782 30,251 23,142 52,262 85,429 126,601 94,966 214,467 432 225,092 '422,151 312,117 299,025 ASSETS AID LIABILITIES OF THE FEDERiL RESERVE BAMS ON JANUARY 20, 1937 (in thousands of dollars) B-801c LIABILITIES Total Boston Ncvr York F.R.notes in actual circulation Deposits Member bank - reserve account U.S.Treasurer - General account Foreign bank Other deposits TotaL deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities Phila. Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 879,210 303,55s 303,558 408,760 200,724 182,615 91+6,912 179,129 133,723 159,^52 188,259 15,131 SU,900 7,023 217,5^0 2,310 335,396 68, 40-' 11,703 8,833 34,591 151,411 1,759 425,869 211,582 157,oHH ll+,40l+ 12.905 5,200 993,373 191,^0 115,533 216,355 162,331 '479,112 ,07^1 11+,31+Q M62 25,120 3,218 4,193 2,75j+ 2,754 6,553 11,017 2,SU9 2,280 22U 6,519 19,133 5,075 1,333 7,327 20,332 1,965 8,389 8,733 13,261 3,32H 5t3S5 M79 3,303 39,071+ 324,185 Uos.igi ^62,272 231,963 170,953 1,031,3^3 205,374 127,131 224,2y 5 180,178 519,738 82,31+0 31,573 1^,933 34,468 31,346 31,27!+ 50,97*+ 62,232 6^,773 24,52b 12,203 13,352 ^,325 3,000 12,i+13,193 840,873 ^ 5 7 , 7 7 7 736,011 Coirimitments to make industrial advances Rich. Atlanta 159,936 351,69*+ 7,255,539 336;327 3,237,31' 658,139 b8,558 lb0,077 51,237 131,972 9,331 51/47U 9,82b 27,190 2,37^ 7,7^ 9,260 36,232 1,570 5,131 133 1,4-57 TOTAL LIABILITIES Clove. 225 12,765 1^,323 1,007 3,120 4,803 '4,869 3,422 1,522 196 5,616 75^ 1,690 ll+2 12,5^7 21,501+ 1,416 7,971 1,313 3,302 4,655 5^ 1,194 155 2,31+0 3,116 1,003 2,090 151 3,934 3,613 1,142 931 2 bb 3,81+3 10,161 3,351 9,61+5 1,262 1,696 1,31+7 2,037 116 3U9 364,328 512,283 390,592 2,105,852 1-£6,1+32 285,092 1+28,151 312,117 893,085 1,195 2,283 286 10 1,313 70 306 1+S6 3,soi+ TATURITY DISTRIBUTION OF BILLS 1JID SECURITIES Bills discounted Bills bought Industrial advances U.S.Government securities Total l.'ithin 15 days 2,381 3,081+ 2U,i3i 2,430,227 1,833 2,132 1,152 22,809 16 to 30 days 31 to 6days 110 89 171 25,329 255 215 5b0 61,37^ 61 to 90 days 32 593 1,103 125,135 91 days to 6 months 6 months to 1 Year 33 3 1,206 208,602 l+,257 33^,017 1 Year to 2 Years 5,867 375,306 2 Years to 5 Years 9,315 832,334 Over 5 Years 41+4,821 SRAl E3SSHV3 1I0T3 STATEIimTT Oil JAITUAHY 20, 1937 (in thousands of dollars) 3-801a Total Boston Hew York Phi la. Clove. Federal Reserve notes: Issued to F.R.bank by F.R.a~ent Held by Federal Reserve hank In actual circulation Chicago St .Louis Minn. Eans.Cy. Dallas San Fran. 977,626 325,UlS ^36,721 2 1 3 , 2 0 8 , 7 8 1 9S,Hl6 21,SS0 27,9^1 12,765 26,166 372,321 191,272 132,313 lSS,193 3 1 , ^ 9 12,1^3 4,590 5,7^1 $6,668 372,510 7.591* 5^,325 M59,036 351, 879,210 303,552 ^02,760 200,J2k 182,615 2^6,912 179,129 133,723 159,^52 S9,07^ 32^,185 4,422,232 406,000 1,337 95 93,000 990,706 332,000 440,000 209,000 168,000 972 355 — 10 185 ---6,000 45,030 930,000 171,632 128,000 lSj,0X) 57,500 389,000 5° 133 2 32 lb U7 -22,000 15,000 3,000 _ — 4,583,735 ^06,095 931,672 332,355 ^0,000 215,010 213,185 930,050 133,765 1^3,002 172,032 333,109 320,773 29,079 Rich. Atlanta Collateral held hy a^ent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible ^aper U. S. Gov't securities Total collateral 37,516 323,0^7
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