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Released f o r publication Friday morning, Jan. 29; not earlier. STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System January 2S, 1937 CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve "bank credit outstanding during the week ended January 27, as reported by the Federal Reserve "banks, was $2,485,000,000, an increase of $1,000,000 compared with the preceding week and a decrease of $3,000,000 compared with the corresponding week in 193^« On January 27 total Reserve bank credit amounted to $2,472,000,000, an i n crease of $4,000,000 for the week. This increase corresponds with increases of $18,000,000 in member bank reserve balances and $32,000,000 in Treasury cash and deposits with Federal Reserve banks and a decrease of $2,000,000 in Treasury currency, o f f s e t in part by an increase of $28,000,000 in monetary gold stock and a decrease of $21,000,000 in money in circulation. Member bank reserve balances on January 27 were estimated to be approximately $2,150,000,000 in excess of legal requirements. Relatively small changes were reported in the System*s holdings of b i l l s d i s counted, purchased b i l l s , industrial advances and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended January 27t 1937, were as follows: Increase or decrease since Jan. 27 1937 , Jan. 20 1937 Jan. 29 1936 (in millions of dollars) B i l l s discounted B i l l s bought U. S. Government securities Industrial advances (not including 20 million commitments - January 27) Other Reserve bank credit TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency Mo-ney in circulation Me«mber bank reserve balances Treasury cash and deposits with F R.banks Kammember deposits and other F. accounts 3 3 2.U30 21+ 11 2,^72 11,3^5 2,531 6,31s 6,773 2,683 57k -if -2 +1 — +3 +15 +28 +2 +1,166 +39 -21 +18 +32 +1 +625 H^IO -3^8 '+19 • f t (B-gOl) Released for publication Friday morning, January 29,1937; not e a r l i e r . B~S01a ASSETS AED LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Jan. 27,1937 Jan. 20,1937 Jan. 29,1936 8,849,9l4 12,729 307,771 9,170,4l4 8,849,293 1 2,729 314,574 9,177*196 7,°43,860 15,6S'5 546,649 8,006*194 2,344 513 2,857 1,506 875 2,381 4,105 2,960 7,°65 3,031 24,085 3,084 24,131 4,670 32,l48 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 obligations,direct 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 in open market Industrial advances U. S# Government securities: Bonds H92,182 Treasury notes Treasury b i l l s Total U.S.Government securities . . Other securities Total b i l l s and securities Due from foreign banks . . . . . . . . F. R. notes of other banks Uncollected items . Bank premises A l l other assets TOTAL ASSETS 492,045 215,696 1,345,9^3 1,345,963 1,616,559 46,l45 4l,84l 46,l46 4p t l44 47,799 40,529 592,082 2,430,227 — 2,460,250 226 25,018 574,286 592,219 2,430,227 — 2,459,823 223 29,821 665,840 598,008 2,430,263 181 2,474,327 65O 19,685 477,480 12,318,180 12,419,193 11,066,664 4 f l40 f 492 4,159,036 3,599,683 6,772,597 180,253 74,947 239,750 7,267,547 563,102 132,105 14^854 27*19° 3^*235 5,655 6,754,890 188,259 94,900 217,540 7,255,589 658,189 131,972 l45,S54 27,190 36,232 5,131 5,263,331 478,037 49,631 251,519 6,642,518 482,746 130,630 145,501 26,406 33,901 5,279 12,318,180 12,419,193 11,066,664 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 l i a b i l i t i e s TOTAL LIABILITIES . . . . Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . Commitments to make industrial advances 80.4$ 80.4^ 78.2fo 20,238 20,332 27,004 ASSETS A17D LIABILITIES OP THE FEDERAL RESERVE BAHKS 01T JANUARY 27, 1937 (In thousands of dollars) ASSETS Gold c e r t i f i c a t e s on hand and due from U.S. Treasury Redemption fund - E. R. notes Other cash Total reserves B i l l s discounted: direct or f u l l y guaranteed Other h i l l s discounted Total b i l l s discounted B i l l s "bought in open market Industrial advances U.S. Gov eminent securities: Bonds Treasury notes Treasury b i l l s Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San 7ran. 8,31*9,911* 556,720 3,588,509 1*86,298 6 1 1 , 9 2 5 289,902 220,6ll* 1,363,7^5 258,867 163,1*01 238,912 17^,6oU 596,1*17 1,51*0 900 61*2 677 1,1*1*5 12,729 1,360 l,oi*6 535 S5U U36 2,567 727 1 7 , 9 7 s 10,036 1 5 , 7 1 2 6,751 30,739 307,771 2**, 807 76,992 30,5-36 2 3 , ^ 19,95^ 1 5 . ^ 35,358 9, 170,1*11* 582,887 3.666,51*7 517,369 636,273 3 1 0 , 2 9 2 238,595 1,699,830 278,385 17^»337 255,266 182,032 628,601 75 38 50 11 101 15 i* 2 27 139 121 2,570 113 10S 37^ 61 385 1,385 116 86 360 6 60 1,052 27 87 767 132,099 39,1+Us 50,678 2 7 , 0 2 1 3 6 1 , 2 5 1 107,875 138,586 73,891 1 5 8 , 9 1 0 1*7,1*51* 60,961* 32,50^ 22,265 60,890 26,786 55,980 153,087 67>3^3 23,503 6^,276 28,275 17,302 1*7,313 20,81^ 2,3^ 513 660 7 7S9 356 1*10 9 9 2,857 3,081 2H,085 667 225 2,772 1,145 1*19 9 1,093 5,921 317 U,557 29U 1,171 1*92,182 1,3^5,963 592,082 35,579 97,29s 1*2,801 135 1+ Total U.S.Gov't securities 2,U30,227 175,678 652,260 19^,777 250,22s 133,^16 109,91*1 276,1*10 116,051* Total b i l l s and securities 2,1*60,250 1 7 9 , 226 17 25,018 301 57^,236 62,1*90 1*6,1U5 3,057 1*1,81*1 2,510 660,1*19 200,070 2 5 1 , 7 0 2 136,21*6 1 1 0 , 5 3 6 8 20 10 21 90 1,316 2,721 2,529 7,19^ 705 11*2,769 1*5,210 56,397 1*8,687 23,7^2 6,363 2,310 2,236 ^,952 10,13^ 1*, 66s 2,690 10,909 5,356 1,711 278,21*1 I l 6 , 6 l 6 1* 26 3 2,806 SSI 1*95 76,738 21,555 13,839 1*,710 2,390 1,^3 3,96s 1,977 1,391 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises A l l other assets TOTAL ASSETS B-SOXb — 19 120 16 19 87 1,309 136 218 1,81+7 25,639 19,233 ^3,^35 70,118 52,596 1 1 8 , 7 8 2 3 0 , 8 ^ 2 3 , 1 3 7 52,250 85,1*29 1 2 6 , 6 0 1 6 1,616 28,782 3,285 1,980 9^,966 21U.1J-67 6 633 22,509 1,261 l,6ol* 15 3.821 31,56s 3,^9 3,077 12,318,180 S30,60H 1*,1*98,062 773,683 956,71*1* 503,1*56 379,357 2,066,319 1*21,808 278,105 1*18,1*17 30**,1*26 887,199 ASSETS AM) LIABILITIES OF THE FEDERAL RESERVE BAUKS OH JAtiUARY 27, 1937 ( i n thousands of dollars) B-SOlc L I A B I L I T I Total Boston Hew York Phi l a . 271,97s 303,3^3 F.R.notes in actual circulation 4, 140,492 351,756 Deposits: Member "bank - reserve account ,772,597 371,763 3 , 1 0 6 , 2 2 5 373,1^7 U.S.Treasurer - General account 56,652 10,736 130,253 11,567 Foreign bank 27,^71 7^,9^7 5,533 6,953 Other deposits 239,750 3,23^ 173,135 2,399 Total deposits 7,267,547 392,097 3,363,533 393,235 563,102 62,,s4s Deferred a v a i l a b i l i t y items I 4 I , H 9 43,569 132,105 9,371 Capital paid in 5 1 , 2 7 0 12,230 1^5,354 Surplus (Section 7) 9,326 5 1 , ^ 13,362 Surplus (Section 1 3 b ) 27,190 7,7^ 2,874 ^325 Reserve f o r contingencies 36,235 1,570 3,000 9,260 All other l i a b i l i t i e s 5,655 262 1,636 611 TOTAL LIABILITIES Commitments to make industrial advances Cleve. Rich. Atlanta ^12,353 199,277 180,746 422,124 213,097 155,092 2,493 20,292 13,277 2,617 6,37s 3,290 13,520 3,17^ 4,405 Chicago St.Louis Minn. Eans.Cy. Dallas San Fran, 942,773 173,059 1 3 2 , 4 6 2 1 5 3 , 9 1 0 36,635 3 2 1 , 0 5 2 ) 63,65s 194,637 1 1 2 , 3 2 1 213,399 1 6 6 , 2 2 1 475,913 29,231 3,212 3,217 4,005 3,302 1 2 , 2 1 9 3,673 2,243 1,794 2,16s 2,163 5,159 207 5,347 19,527 1 , SIS 7,2^3 i.,191 462,314 242,338 164,607 1 , 0 0 3 , 4 3 0 207,335 L22,523 219,779 132,533 512,818 75,569 25,995 13,792 29,S06 24,269 29,4o4 ^9,331 45,919 21,481 4,301 2,939 12,813 3,803 4,809 3,985 3,847 1 0 , 1 7 6 12,561 5,616 4,65^ 3,116 1^,323 4,369 21,504 3,613 3,851 9,645 545 75^ 1,007 1,003 3,422 i,4i6 1,262 1,696 1,142 1,690 3,120 1,522 2,090 7,971 1,197 931 1,847 2,037 162 4S3 219 ISO 200 251 127 371 1,095 12,318,180 S30,604 4,498,062 773,683 9 5 6 , 7 ^ 503,^56 379,357 2,066,319 421,808 278,105 4 i s , 4 i 7 304,426 887,199 20,238 1,965 8,327 225 1, 2 1 1 2,277 283 10 1,303 71 306 4s6 3,769 MATURITY DIS1TFJBUTI01J OF BILLS AITD SECURITIES B i l l s discounted B i l l s bought Industrial advances U.S.Government securities To tal Within 15 days 1 6 to 30 days 31 to 60 days 6l to 90 days 2,857 3,osi 24, os 5 2, 430,227 2,458 319 1,003 24,509 245 227 290 24,033 3 650 529 63,5^8 SO 1,885 1,052 109,961 91 days to S months 5 months to 1 Year 68 3 1,238 228,318 4,363 326,760 1 Year to 2 Years 5,899 375,306 2 Years to 5 Y&'-rs 9,711 832,334 Over 5 Years 444,958 F3D3ML 2E33R73 1T0TE STATELIE1IT Oil JilfJARI 27, 1937 (in thousands of dpliars) B~301d Total Federal Eeserve notes: j'eaerai .tie serve uui.es: Issued 3d ito F.E.bank by F.R.agent Held by oy Federal Eeserve "bank In actual circulation Boston Hew York Phila, Cleve, Eich. Atlanta Chicago St.Louis I,Iinn» Eans.Cy. Dallas San Fran. 4,477,966 371 Ml 3 3 7 , ^ 25,66l 974,922 32^,579 439,353 211,936 208,190 103,012 21,236 26,500 12,109 27,444 973,737 1 2 9 , 6 3 s 31,014 11,579 137,S90 167,915 5,423 9,005 96,65s 375,5^5 9,973 54,513 4,l40,492 351,756 271,976 303,343 412,353 199,377 130,746 942,773 173,059 132,462 1 5 3 , 9 1 0 4,491,338 1(06,000 2,588 660 87,000 — 990,706 332,000 440,000 212,000 l6g,000 575 UlO — 135 75 — ~~ — — 45,000 990,000 171,632 123,000 167,000 50 113 4 23 — 22,000 15,000 5,000 07,^00 38P 000 "l6 ^127 i;.,581,4o6,66o 9 9 1 , 6 8 ! 332,4-10 440,000 212,135 213,075 990,050 193,745 143,004 172,023 9 7 , 5 1 6 389,127 86,685 3 2 1 , 0 5 2 Collateral held by agent as security f o r notes issued to bank: Sold c e r t i f i c a t e s on hand and due from TJ. S. Treasury Eligible paper U. S. Gov't securities Total c o l l a t e r a l
@FedFRASER