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STATEMENT FOR THE PRESS ileleased for publication Friday morning, June 11; not earlier. Board of Governors of the Federal Reserve System June 10, 1937® CONDITION OF FEDERAL RESERVE BANKS During the week ended June 9 member bank reserve balances increased #75,000,000. Additions to member bank reserves arose from decreases of $52,000,000 in money in circulation, #30,000/000 in Treasury deposits with Federal Reserve banks, and #18,000,000 in Treasury cash other than inactive gold, offset in part by an increase of #23,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on June 9 were estimated to be approximately #930,000,000, an increase of #70,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to #886,000,000 on June 9, an increase of #90,000,000 for the week. Changes in member bank reserve balances and related items during the week sSnd the year ended June 9, 1937, were as follows! Increase or decrease since June 9 1937 June 2 1937 June 10 1936 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 17 million commitments - June 9) 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 14 6 2,526 22 4 2,573 .12,118 2,547 6,929 6,435 3,254 85 534 -3 — — +3 +9 +3 +96 -8 +2 +91 -1 +102 +1,638 +58 +75 -52 +72 -30 +23 +1,096 +498 +706 -431 -71 — — (B-801) Released for publication Friday morning, June 11,1937; not earlier. B-801& ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (Jn thousands of dollars) June 9, 1937 June 2, 1937 June 10, 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 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 8,839,489 9,971 305,738 9,155,198 8,838,4)1 11,34-1 272,695 9,122,437 7,939,040 13,261 295,572 8,247,873 11,006 3,289 14,295 5,818 22,196 12,524 4,961 17,485 6,261 22,232 3,244 2,159 5,403 3,076 30,064 732,608 1,152,213 641.469 2,526,290 — 2,568,599 226 22,025 595,266 45,687 49.199 732,608 1,152,213 641.469 2,526,290 — 2,572,268 226 18,847 646,056 45,685 47,853 265,686 1,541,224 623,337 2,430,247 181 2,468,971 238 21,916 531,098 48,051 44,685 12,436,200 12,453,372 11,362,832 4,202,049 4,235,114 3,785,980 6,928,977 84,642 139,671 3-39,470 7,292,760 591,267 132,196 145,854 27,490 35,940 8,644 6,853,710 115,099 121,749 133,705 7,224,263 645,317 132,198 145,854 27,490 35,940 7,196 5,833,391 516,4o4 61,675 243,947 6,655,417 529,204 130,871 145,501 26,513 34,118 55,228 12,453,372 11,362,832 LIABILITIES F. R. notes in actual circulation . . . Deposits I Member bank - reserve account . . . . U. S. Treasurer - General account . . Foreign bank . . Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section 7) i3urplus (Section 13 b) Reserve for contingencies . All other liabilities TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . Contingent liability on bills purchased for fbreign correspondents Commitments to make industrial advances 12,436,200 79.6% 79.655 2,532 1,532 16,956 17,018 79.0$ — 24,798 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 9, 1937 (In thousands of dollars) ASSETS B-SOlb Total Boston New York Phila. Gold certificates on hand and due from U.S. Treasury 8,839,489 455,399 3,287*131 507,990 Redemption fund - F. R. notes 9,971 sa 652 493 Other cash 305,738 40,838 92,342 23,823 Total reserves 9,155,198 496,889 3*380,354 532,306 Bills discounted* Secured by U.S.Gov't obligations, 11,006 6,118 1,372 direct or fully guaranteed 620 Other bills discounted 76 3,289 1,808 97 Total bills discounted 14,295 717 Bills bought in open market 5,818 223 Industrial advances 22,196 3,173 U. S. Government securitiesI Bonds 732,608 53,385 Treasury notes 1,152,213 83,974 Treasury bills 641,469 46,750 7,926 2,041 5,904 1,448 394 3,994 Cleve. Rich. Atlanta . Chicago St.Louis Minn, Kans.Cy. Dallas San Fran 695,531 280.110 237,728 1,777,278 277,811 196,189 276,304 182,134 665,884 706 401 483 1,883 402 1,226 743 512 1,589 24,018 4,790 16,542 5,939 12,496 36,732 15,688 13,573 18,957 709,847 299,579 251,813 1,814,412 294,725 201,685 293,247 188,556 691,785 495 — 495 374 900 442 494 — 629 240 — 380 72 3 8 l4o 224 154 523 305 1,123 133 221 240 460 920 452 112 328 11 72 791 235 114 655 378 112 1,292 828 1,634 1,895 442 149 2,123 95 210,233 61,861 330*691 97,303 184,105 54,172 71,309 38,575 32,284 ,112,167 60,678 50,623 62,446 33,781 28,184 80,726 32,298 23,828 35,992 28,601 63,516 126,979 50,803 37,482 56,616 44,987 99,910 70,693 28,284 20,866 31,519 25,046 55,623 Total U.S.Gov't securities 2,526,290 184,109 725,029 213,336 245,922 133,034 111,091 278,398 111,385 82,176 124,127 98,634 219,049 Total bills and securities Due from foreign banks F.R.notes of other banks Uncollected items Bank premises All other assets 2,568,599 188,222 226 17 22,025 3l4 595,266 60,000 45,687 3,033 49,199 3,033 740,900 219,172 85 23 4,708 973 l4l,355 48,197 10,055 4,899 13,849 6,319 247,691 135,748 112,568 21 10 8 1,526 2,168 2,296 55,354 54,308 24,254 6,307 2,764 2,219 5,166 2,983 1,930 280,018 112,277 83,050 125,131 100,4l6 223,406 27 4 3 6 6 16 3,353 1,755 758 1,307 648 2,219 83,171 26,6l6 16,288 31,503 25,270 28,950 4,661 2,370 1,497 3,217 1,259 3,4)6 4,576 1,890 1,714 2,152 1,905 3,682 TOTAL ASSETS 12,436,200 751,508 4,291,306 811,889 1,025,912 497,560 395,088 2,190,218 439,637 304,995 456,563 318,060 953,464 ASSETS AM) LIABILITIES OF THE FEDERAL RESERVE BAMS ON JUNE 9, 1937 (In thousands of dollars) B-SOlc LIABILITIES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. F.R. notes in actual circulation >4,302,0-49 305,012 903,732 31-4,661 -433,185 192,7-41 176,705 970,324 179,386 138,338 162,030 91,,930 334,005 Deposits: Member bank - reserve account 6,928,977 3-47,171 2,982,927 385,788 -462,681 22-4,162 172,152 1,065,637 203,245 132,737 240,822 177,820 533,835 U.S.Treasurer - General account 84,6-42 3,5-43 28,769 5,333 5,855 3,392 2,925 8,317 3,518 3,457 8,064 3,395 8,074 Foreign bank 12,862 6,012 4,893 16,217 4,194 3,215 4,054 4,054 9,926 139,671 10,206 50,337 13,701 Other deposits 24,429 3,567 2,872 1,444 10,560 2,186 188 3,195 11,937 139,470 2,050 67,711 9,331 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 7,292,760 362,970 3,129,744 414,153 591,267 59,226 136,306 48,955 51,257 12,239 132,196 9,376 51,474 13,362 9,826 145,854 2,874 7,744 4,325 27,490 1,570 9,091 3,000 35,940 8,644 654 1,958 1,194 505,827 237,133 182,842 1,091,615 221,517 141,595 253,128 188,464 563,772 54,927 52,566 22,826 83,233 28,182 15,682 31,432 26,589 31,343 12,861 4,854 4,323 12,608 3,€13 2,899 3,995 3,86l 10,110 14,323 4,869 5,616 21,504 4,655 3,116 3,613 3,851 9,645 1,007 3,422 754 l,4l6 545 1,003 1,1*2 x»262 1,996 3,121 1,522 1,690 7,860 1,199 2,062 94l 1,847 2,037 661 453 332 1,658 340 300 282 256 556 12,436,200 751,508 4,291,306 811,889 1,025,912 497,560 395,088 2,190,218 439,637 304,995 456,563 318,060 953,464 Contingent liability on bills purchased for foreign correspondents 2,532 Commitments to make industrial advances 16,956 185 9l4 248 233 109 89 294 76 58 73 73 180 2,235 6,038 155 1,333 2,001 345 10 1,158 65 128 302 3,186 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U.S.Government securities Total TO.thin 16 to 15 days 30 days 31 to 60 days 14,295 5,818 22,196 2,526,290 , 12,525 586 3,223 880 791 297 33,561 34,660 4l6 528 996 70,608 61 to 90 days 406 91 days to 6 months 6 months to 1 Year 1 Year to 2 Years Over 2 Years to 5 Years 5 Years 3,405 381,444 5,433 258,971 8,920 675,815 358 1,187 465 70,121 1,889 319,423 681,687 FEDERAL RESERVE NOTE STATEMENT ON JUNE 9, 1937 (in thousands of dollars) B~801d Total Boston New York Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes * Issued to F.R.bank by F.R.agent 4,517,118 334,842 1,011,396 331,905 458,523 203,729 193,684 1,000,115 188,556 143,076 172,878 101,763 376.651 Held by Federal Reserve bank 315,069 29,830 107,664 17,244 25,338 10,988 16,979 29,791 9,170 4,738 10,848 9,333 42,646 In actual circulation 4,202,049 305,012 903,732 314,661 433,185 192,741 176,705 970,324 179,386 138,338 162,030 91,930 334,005 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. GovH securities Total collateral 4,550,132 341,000 1,020,000 335,000 459,500 206,000 178,000 1,010,000 189,632 146,000 174,000 102,000 389,000 16,324 717 8,291 1,449 577 471 1,148 316 428 22 262. 403 2,240 20,000 — — — _ _ 20,000 — 4,586,456 341,717 1,028,291 336,449 460,077 206,471 199,148 1,010,316 190,060 146,022 174,262 102,403 391,24c
@FedFRASER