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S T A T E O T T FOR THE PRESS Released for publication Friday morning, J a n . 8; not earlier. Board of Sovernors of the Federal Reserve System January 7, 1937. COimiTIOlI 0? FEDERAL RESERVE BAHKS The daily average volume of Federal Reserve bank credit outstanding during the week ended January as reported "by the Federal Reserve banks, v/as $2,^-81,000,000, a decrease of $37,000,000 compared with the preceding week and an increase of $1,000,000 compared with the corresponding week in 193&# On January 6 total Reserve "baric credit amounted to $2,USU,000,000, a decrease of $20,000,000 for the week t This decrease corresponds with decreases of $77,000,000 in money in circulation and $5,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $20,000,000 in monetary gold stock, offset in part by increases of $5:3,000,000 in member bank reserve balances and $22,000,000 in Treasury cash and deposits with Federal Reserve banks, Uember bank reserve balances on January 6 were estimated to be approximately $2,010,000,000 in excess of legal requirements* 1 Relatively small changes were reported in the System s holdings of bills discounted, purchased bills, industrial advances and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items v/ during the week and the year ended January 6, 19371 ere as follows: Increase or decrease since Jan« fc5 i?37 D e c . 30 Jan # S 1936 1336 (In millions of dollar B) Bills discounted Bills bought U . S . Government securities Industrial advances (not including 21 million commitments - January 6) Other Reserve bank credit TOTAL RESERVE BAM CREDIT Monetary gold stock Treasury currency Money in circulation Llember b a n k reserve balances Treasury cash and deposits with F # R9 banks llonmember deposits and other F # R , accounts -2 -2 -2 k -1 -17 -8 11,271 2,531 -20 +20 +1 +1,127 +55 -77 +690 +as ~h22 +21 3 3 2/430 6,1+73 5,627 2,627 539 — — -5 +1 «i2 (3-S01) Released for publication Friday morning, January 3,1937; n o t earlier. B-SOla ASSETS AITD LIABILITIES OF THE TWELVE FEDERAL RESERVE BA1TKS COMBINED (in thousands of dollars) J a n . 6,1937 D e c . 30,1936 J a n . 8,1936 8,851,383 12,533 278,370 9,142,286 8,851,878 12,741 247,672 9,112,291 7,552,873 17,170 303,647 7,873,690 2,191 850 3,02+1 4,521 856 5,377 2,358 3,023 5.381 3,089 24,328 3,089 24,768 4,656 32,014 490,543 1,340,963 598,621 2,430,227 490,643 1,31+0,963 598,621 2,430,227 215,678 l,64l,603 572,958 2,430,239 — — 2,460,685 220 34,381 660,987 46,l46 37,727 2,463,461 220 29,225 760,266 48,082 4l,253 A S S E T S 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 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 181 2,472,471 665 30,508 499,777 47,740 38,082 10,962,933 12,382,432 12,454,798' 4,242,336 4,278,786 3,655,764 6,627,004 232,287 95,601 182,021 6,571,721 230,829 94,016 179,918 5,745,146 460,828 34,881 229,765 7,136,913 7,076,4s4 6,470,620 657^2 131^704 145,854 27,190 36,24-8 4*7I+5 739,938 130,833 145,501 27,088 3^,251 21,917 497,233 130,516 145,501 26,334 33,906 3,059 12,382,432 12,454,798 10,962,933 L I A B I L I T I E S F . R . notes in actual circulation Deposits: Member b a n k - 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 A l l other liabilities TOTAL LIABILITIES Ratio of total reserves to deposit and F . R . note liabilities combined 80.3$ 80.2$ 77.8$ Commitments to make industrial advances . . 21,040 20,959 27,284 ASSETS A M D LIABILITIES OF HHB FEDERAL RESERVE B A S E S Oil JA2TOARY 6 , I937 (In thousands of dollars) B-SOlb A S S E T S Total Boston H e w York Phila. Cleve. Rich. Atlanta l3hi cago S t.Loui s M i n n . K a n s . C y . Dallas San Fran, G o l d certificates o n h a n d and due from U . S . T r e a s u r y 643,320 283,830 227,470 1 ,659,716 251,882 1 7 1 , 7 8 1 246,582 180,789 617,681 8,351,383 570,168 3,469,037 529,021 S^C 190 1,468 R e d e m p t i o n fund - F . R . notes 1,418 1,560 802 1 3 2 2,629 909 12,533 1,303 533 931 O t h e r cash 8,322 15,407 26,366 19,228 278,370 22,671 13,977 5,731 22,924 21,943 32,703 17,779 70,319 T o t a l reserves 9,142,286 594,257 3,540,709 555,519 261,223 187,710 642,073 666,194 303,641 245,506 1 ,593 , 221 271,221 131,012 B i l l s discounted: Secured b y U . S . G o v ' t obligations, — 4o — direct or fully guaranteed 2,191 1,010 1 662 160 20 3 295 Other b i l l s discounted S50 9 21 22 4 6 28 30 567 7 27 13 35 45 Total b i l l s d i s c o u n t e d 3,o4i 684 9 61 10 23 322 30 1,577 47 173 35 65 87 218 B i l l s b o u g h t in open m a r k e t 225 86 1,100 294 108 385 3,089 121 Si 87 317 Industrial a d v a n c e s 24,323 4,624 1,184 1,319 1,828 2,602 1,429 423 779 2,773 5,917 1,055 395 U . S , Government securities: Bonds 490,643 35,468 131,636 39,324 55,805 23,430 17,247 25,560 19,173 43,299 50,519 26,936 22,196 Treasury n o t e s 60,664 1,340,963 96,936 359,907 107,475 138,071 73,617 152,519 64,037 4 7 , 1 3 8 59,857 52,401 113,341 Treasury b i l l s 68,08b 23,587 21,043 31,184 23,392 52,828 160,667 593,621 43,274 51,637 3 2 , 8 6 4 27,081 47,972 Total U . S . G o v ' t securities 2,430,227 175,673 276,410 116,054 85,428 126,601 94,966 214,468 652,260 194,777 250,227 133,417 1 0 9 , 9 4 1 Due from foreign b a n k s F . R . n o t e s of other b a n k s U n c o l l e c t e d items Bank premises A l l other a s s e t s TOTAL ASSETS 220 34,381 660,937 46,l4S 37,727 17 315 70,973 3,057 2,280 84 10,433 174,802 10,134 9,878 21 1,083 55,4oi 4,952 4,367 12,332,432 350,259 4,406,394 821,883 20 2,113 62,809 6,368 4,34s 10 3,543 57,549 2,810 2,447 8 3,039 25,1% 2,237 1,561 26 4,085 73,363 4,710 3,564 4 2,735 29,450 2,390 1,570 3 1,253 13,904 1,493 1,270 6 2,154 35,672 3,2S5 1,759 6 624 25,228 l,26l 1,420 15 2,954 31,691 3,^9 2,763 993,585 506,313 388,005 2,062,228 424,030 285,489 431,596 312,630 399,520 A S S E T S A E D LIABILITIES O F THE FEDERAL R E S E R V E B A H K S Oil JA1TUARY 6 , 1937 (In thousands of dollars) B-SOle L I A B I L I T I Total Boston H e w Yorl: P h i l a . Cleve. F.R.notes in actual circulation 4 , 242,336 358,059 9 0 3 , 6 4 5 308,051 Deposits: M e m b e r b a n k - reserve a c c o u n t 6,627,004 37^,449 2 , 9 5 2 , 9 5 ^ 403,043 U . S . T r e a s u r e r - General account 232,287 11,9'SO 116,35!+ 7,439 Foreign b a n k 95,601 7,087 34,783 8,907 O t h e r deposits 182,021 3,530 114,818 1,918 Total deposits D e f e r r e d availability items Capital p a i d in Surplus (Section 7) Surplus (Section 13 b ) Reserve for contingencies A l l other liabilities 7,136,913 397,046 3,218,909 421,307 657,442 71,275 163,17s 59,315 131,70*1 9,387 51,169 1 2 , 2 1 1 1^5,35^ 9,826 51,474 13,362 27,190 2,874 4,325 7,7^ 9,260 36,24-8 1,570 3,000 312 4,745 222 1,515 Commitments to m a k e industrial advance s 21,040 2,002 8,850 Chicago St.Louis M i n n . K a n s . C y . Dallas San. F r a n . 4l6,332 205,44l 186,883 959,177 1S2.17U 135,737 161,685 433,671 220,025 153,081 .357 3,697 28,019 i ,2l4 3,352 8,811 13,048 M l 5 483,549 231,171 l64,i45 62,115 54,955 2^,510 4,277 4,718 12,7^1 5,6l6 4,869 1^,323 754 3,422 1,007 1,690 1,522 3,120 130 215 398 929,096 184,796 114,866 217,201 1&3.S32 479,990 4,049 33,308 4,084 7,177 7,708 5,105 6,609 2,77S 11,110 2,273 2,299 2,77S 12,382,432 850,259 4,4o6,S94 821,883 993,5S5 TOTAL L I A B I L I T I E S Rich. Atlanta 225 1*263 97^,777 83,861 12,514 21,504 i,4i6 7,999 980 91,497. 333,655 180 8,289 _ _ 2 i 2 Z ! 9 >312 16,805 200,042 127,54s 224,208 183,630 510,581 3i,4o4 1 2 , 8 9 4 35,806 26,606 31,523 3,S25 10,159 3,977 2,943 3,783 3,851 3,613 3 , 1 1 6 9,645 4,6^5 1,262 1,142 54 1,003 1,696 1,828 931 2,097 1,19' 2,037 224 234 15L 233 12L 506,313 388,005 2,062,228 424,030 285,489 431,596 312,630 899,520 1,221 2,302 288 10 1,30s 71 314 489 3,960 MATURITY DISTRIBUTIOI! O F B I L L S A1ID SECURITIES Total Bills discounted Bills bought Industrial a d v a n c e s U . S . G o v e r n m e n t securities 3.041 3,089 24,328 2,430,227 Within 15 days 2,615 527 925 12,940 16 to 3 0 days IS 315 409 23,809 61 to 3 1 to 60 days 9 0 days 143 233 544 58,015 251 2,014 1,100 79,000 9 1 days to 6 months d months to 1 Y e a r 12 2 1,229 260,475 4,280 349,429 1 Year to 2 Years 5,883 375,306 2 Years to 5 Years Over 5 Years 9,958 827,784 443,469 FEDERAL 2ESEBVE KOTE STATELSITT Oil JAITUA3Y 5, 1937, (In thousands of dollars) B-COld Total Federal Eeserve notes: Issued to F.H.bank by F.H.agent Held "by Federal He serve bank in actual circulation 3oston Hew York Phila. Cleve. Hicli. Atlanta Chicago St.Louis M i n n . K a n s . C y . Dallas San F r a n . 4,609,640 32^,333 1,017,226 328,432 ^ 7 , 5 5 ^ 22ktklS 21^,^00 1,002,783 19^,015 l^l.jSs 171,192 101,093 382,765 1 L 367,30U 2'S,27 + 113,541 20,3Sl 31,222 12,978 27,517 K5,60b 11,S'41 5,625 9,513 9,596 1+9,110 U,2^2,33° 358,059 903,645 302,051 ^16,332 205,441 126,283 959,177 182,17^ 135,737 161,625 91,^97 333,655 Collateral held b y 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 k,522,232 406,000 1,025,706 332,000 452,000 219,000 176,000 1,010,000 171,632 128,000 170,000 103,500 389,000 2,331 662 1,123 295 — l60 20 S 3 20 -^0 101,000 — — — — 6,000 1+5,000 — 30,000 15,000 5,000 Total collateral 4,526,159 406,652 1,026,829 332,295 452,000 225,l60 221,020 1,010,000 201,640 1^3,003 175,020 103,500 329,040
@FedFRASER