The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS Released for publication Friday morning, July 9; not earlier. Board of Governors of the Federal Reserve System July 8, 1937 CONDITION OF FEDERAL RESERVE BANKS During the week ended July 7 member bank reserve balances decreased #73,000,000. The reduction in member bank reserves resulted from increases of #76,000,000 in money in circulation, #8,000,000 in Treasury cash other than inactive gold and $8,000,000 in Treasury deposits with Federal Reserve banks, offset in part by an increase of #16,000,000 in Reserve bank credit and a decrease of #2,000,000 in nonmember deposits and other Federal Reserve accounts* Excess reserves of member banks on July 7 were estimated to be approximately #880,000,000, an increase of #10,000,000 for the week. Inactive gold included in the gold stock and in Treasury cash amounted to #1,1-45,000,000 on July 7, an increase of #58,000,000 for the week* Principal changes in holdings of bills and securities were an increase of #5,000,000 in United States Treasury bills and a decrease of #5,000,000 in United States Treasury notes. Changes in member bank reserve balances and related items during the week and the year ended July 7, 1937, were as follows? Increase or decrease since July 7 1937 June 30 1937 July 8 1936 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 16 million commitments - July 7) Other Reserve bank credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F, R. accounts 13 4 2,526 22 13 +3 - - — +10 +1 +96 +13 -8 +7 12,376 2,552 +16 +58 +1 - +106 +1,754 +54 6,827 6,524 3,511 101 543 -73 +76 +66 +8 -2 +1,013 +282 +1,003 -406 +24 2,578 - - (B-eoi) Released for publication Friday morning, July 9,1937? not earlier* B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) July 7. 1937 June 30. 1937 July 8. 1936 8,835,406 10,399 277.661 *8,835,907 10,471 8,106,569 12,542 271.008 9,123,466 9,158,687 8,390,119 9,623 7,042 2.887 9,929 3,801 22,152 1,438 1,858 3,296 3,085 29,500 ASSETS Gold certificates on hand and due from U, S. Treasury . . . . . . . . Redemption fund - F. R. notes . . . . Other cash . . . .. , . , . Bills discounted! Secured by U.S.Gov't obligations, direct or fully guaranteed . * » Total bills discounted . Industrial advances . . . . . . . . . U, S. Government securities* Total U.S. Government securities • Other securities . . . . . . . . . . Total tills and securities . . . . Due from foreign banks » . . . . * . F, R. notes of other banks • . . . f Bank premises All other assets .. . , . « . . . .. TOTAL ASSETS . . 13,018 3,669 21,783 732,508 1,165,713 627,96? 2,526,190 732,508 1,170,713 622.969 . 2,526,190 2,564,660 519 21,950 638,313 •45,601 41,977 2,562,072 219 23,933 664,235 45,615 41,720 315,673 1,494,218 620,337 2,430,228 181 2,466,290 229 18,821 598,237 48,054 '42,53? 12,436,186 12,496,481 11,564,283 4,252,417 4,206,477 4,040,332 6,826,707 100,937 172,335 112^81 6,900,288 92,813 157,400 127,671 5,814,251 506,644 60,321 202,795 6,584,011 593,077 130,988 145,501 26,513 34,117 9,744 11,564,283 l i a b i l i t i e s F. R, notes in actual circulation . . Depositsi 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) » 7,212,350 625,371 132,355 145,854 27,490 35,906 All other liabilities . . . . . . . . V4?. 7,278,172 664,852 132,302 145,854 27,490 35,906 5,428 12,436,186 12,496,481 TOTAL LIABILITIES ....... Ratio of total reserves to deposit and F*R. note liabilities otnbined . . . Contingent liability on bills purchased for foreign correspondents . . . . Commitments to make industrial advances 79.6* 79.756 79.0* ** 4,138 4,015 16,110 16,331 ^Revised, mm 23,844 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JULY 7, 1937 (In thousands of dollars) B-801b ASSETS Total Boston New York Fhila. Gold certificates on hand and due £kh.JL -S. treasury Redemption fund - JE.R. notes Other cash 6,835,406 442*120 3,292,784 522,367 10,399 552 l,44l 313 277,661 38,797 74,594 19,625 9,123,466 481,469 3,368,819 542,305 Total reserves Bills discounted! , Secured by U.S.Gov't obligations, direct or fully guaranteed 3,863 1,012 9,623 1,845 8 Other bills discounted 139 3*395 1,845 Total bills discounted Bills bought in open market Industrial advances U.S.Government securities! Bonds Treasury notes Treasury bills Total U.S.Govt, securities Total Mils and securities Due from foreign banks F.R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 13,018 1,984 224 3,669 21,783 , 2,955 5,708 1,413 5,889 1,020 355 3,907 210,233 61,861 334,566 98,443 180,230 53,032 CELeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 702,877 275,144 238,919 1,738,264 284,086 201,563 281,510 182,431 673,341 589 808 1,455 722 1,182 687 371 453 1,826 12,797 18,129 10,618 34,284 16,376 5,385 15,003 9,666 22,387 716,263 294,081 250,992 1,773,270 301,644 207,635 296,884 192,550 697,554 506 84 590 322 876 801 — — 525 523 801 146 2,004 1,048 108 198 32,184 51,216 27,591 110,991 732,508 53,385 1,165,713 84,958 627,969 45,766 2,526,190 184,109 725,029 213,336 71,309 38,575 113,481 61,389 61,132 33,070 245,922 133,034 2,564,660 189,272 16 219 21,950 340 638,313 62,299 45,601 3,029 41,977 2,562 738,039 218,618 22 83 902 3,435 146,011 48,726 10,053 4,889 12,032 4,962 247,710 135,985 112,345 8 20 9 1,119 2,554 1,360 62,555 58,653 24,375 6,293 2,755 2,216 4,556 2,651 1,630 85 — — 85 385 912 94 86 84 61 180 86 322 145 60 774 80,726 32,298 128,467 51,398 69,205 27,689 278,398 111,385 - - 91 179 232 629 326 91 96 624 411 98 1,246 955 376 2,076 23,828 35,992 37,921 57,279 20,427 30,856 82,176 124,127 28,601 63,516 45,514 101,081 24,519 54,452 98,634 219,049 279,780 111,973 83,155 124,938 100,389 222,456 26 6 4 6 16 3 1,506 601 3,399 972 4,133 1,629 85,631 30,166 17,485 39,051 26,839 36,522 4,651 2,366 1,495 3,203 1,253 3,398 3,880 1,596 1,490 1,853 1,646 3,119 12,436,186 738,987 4,278,472 820,424 1,038,516 496,688 392,926 2,151,371 449,378 312,235 467,441 323,284 966,464 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JULY 7, 1937 (in thousands of dollars) B-801c LIABILITIES Total Boston New York Phila. F.R. notes in actual circulation Depositsi Member bank - reserve account U.S.Treasurer - General account Foreign bank Other deposits 4,252,417 292,200 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 7,212,350 362,173 3,078,793 4^4,028 625*371 60,726 145,029 47,421 132,355 9,374 51,201 12,245 145,854 9,826 51,474 13,362 27,490 2,874 7,744 4,325 35,906 1,570 9,117 3,000 4,443 244 773 290 TOTAL LIABILITIES 934,341 315,753 6,826,707 344,231 2,956,830 391,521 100,937 3,636 9,454 6^635 172,325 12,488 63,472 16,765 112,381 1,818 49,037 9,107 CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 437,711 193,254 173,027 981,517 179,469 139,739 165,4)8 94,160 345,838 461,109 217,101 170,885 990,085 212,161 3.36,487 245,4l4 175,516 525,367 29,628 4,399 3,456 3,219 6,149 13,973 12,209 4,547 3,632 19,844 5,132 3,935 4,961 4,961 12,146 15,278 7,356 5,987 1,794 6,403 2,549 215 3,981 9,947 20,538 3,642 3,350 509,134 232,646 183,854 1,041,351 228,095 146,427 253,809 190,607 561,433 59,978 55,977 23,398 83,687 31,380 16,767 38,399 27,544 35,065 4,858 4,334 12,740 3,818 2,895 4,008 3,872 10,134 12,876 21,504 4,655 3,116 3,613 3,851 9,645 14,323 4,869 5,616 754 1,416 545 1,003 1,142 1,262 1,996 1,007 3,422 7,832 1,199 2,055 94l 1,847 2,037 3,121 1,497 1,690 165 253 1,324 217 233 121 l4l 316 366 12,436,186 738,987 4,278,472 820,424 1,038,516 496,688 392,926 2,151,371 449,378 312,235 467,441 323,284 966,464 Contingent liability on bills purchased for foreign correspondents 4,138 Commitments to make industrial advances 16,110 306 1,458 411 386 180 147 487 126 95 122 122 298 2,169 5,553 155 1,308 1,995 315 10 1,072 65 125 302 3,o4l MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U.S.Government securities 13,018 3,669 21,783 2,526,190 Within 15 days 16 to 30 days 31 to 60 days 61 to 90 days 11,053 438 784 35,063 162 1,256 767 33,045 562 348 341 61,621 399 1,627 969 153,359 91 days to 6 months 6 months to 1 Year 828 14 1,972 209,877 491,173 3,116 1 Year to 2 Years 5,379 247,497 2 Years to 5 Years Over 5; Years 8,455 612,868 681,687 FEDERAL RESERVE NOTE STATEMENT ON JULY 7, 1937 (In thousands of dollars) B-801d Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notess Issued to F.R.bank by F.R.agent 4,550,464 332,879 1,031,111 333,290 460,703 203,072 189,935 1,004,503 188,872 144,129 174,998 101,561 385,411 Held by Federal Reserve bank 298,047 40,679 96,770 17,537 22,992 9,818 16,908 22,986 9,403 4,390 9,590 7,4pl 39,573 In actual circulation 4,252,417 292,200 934,341 315,753 437,711 193,254 173,027 981,517 179,469 139,739 165,408 94,160 345,838 Collateral held by agent as security for notes issued to banks Gold certificates on hand and due from U. 8. Treasury Eligible paper U. S. Gov't securities Total collateral 4,563,632 336,000 1,030,000 335,000 462,500 205,000 173,000 1,010,000 189,632 145,000 176,000 ^.02,500 399,000 12,844 1,984 5,402 1,056 619 827 978 85 125 145 101 422 1,100 20,000 -20,000 - 4,596,476 337,984 1,035,402 336,056 463,119 205,827 193,978 1,010,085 189,757 145,145 176,101 102,922 400,100
@FedFRASER