The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System June 3, 1937 Released for publication Friday morning, June not earlier* CONDITION OF FEDERAL RESERVE BANKS During the week ended June 2 member bank reserve balances decreased $90,000,000. Reductions in member bank reserves resulted from increases of #88,000,000 in money in circulation and $35,000,000 in Treasury deposits with Federal Reserve banks, offset in part by increases of $16,000,000 in Reserve bank credit and $2,000,000 in Treasury currency and decreases of $8,000,000 in Treasury cash, other than inactive gold, and $6,000,000 in nonmember deposits and other Federal Reserve accounts* Excess reserves of member banks on June 2 were estimated to be approximately $S60,000r000, a decrease of $80,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to $796,000,000 on June 2, an increase of $50,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended June 2, 1937, were as follows! Increase o* decrease since June 2 1937 May 26 1937 June 3 1936 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 1 7 million ooiamitnants - June 2) Other Reserve bank credit Total Reserve ballk credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmenber deposits and other F. R. accounts +1 — +11 +3 +96 22 1 —. +14 -8 -19 2,573 12,027 2,548 +16 +50 +2 +84 +1,618 +55 6,854 6,487 3,182 115 511 -90 +88 +42 +35 -6 +I,l4l +534 +603 -390 -130 17 6 2,526 — (B-801) Released for publication Friday morning, June 4,1937$ not earlier. B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) June 2. 1937 May 26. 1937 June 3.1936 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 8,838,401 ll,34l 272.695 9,122/37 8,838,4l4 11,341 296.310 9,146,065 7,840,037 13,261 290,695 8,143,993 12,524 4.961 17,485 6,261 22,232 12,326 3,372 15,698 6,260 22,4)7 3,611 2,24) 5,851 3,076 30,166 732,608 1,152,213 641,469 2,526,290 — 2,572,268 226 18,847 646,056 45,685 47,853 732,608 1,152,213 641,469 2,526,290 — 2,570,655 228 21,615 604,558 45,776 47,202 265,680 1,536,227 628,337 2,430,244 181 2,469,518 237 20,243 613,591 48,052 42,689 12,453,372 12,436,099 11,338,323 4,235,114 4,184,042 3,793,959 6,853,710 115,099 121,749 133,705 7,224,263 645,317 132,198 145,854 27,490 35,940 7,196 6,943,597 80,486 124,04l 136.725 7,284,849 618,046 132,202 145,854 27,490 35,939 7,677 5,713,315 504,733 53,607 295.4o6 6,567,061 594,315 130,796 145,501 26,513 34 ll4 46,^064 12,453,372 12,436,099 11,338,323 79.6% 79.7% 1,532 1,532 17,018 17,188 LIABILITIES F. R. note$ 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 TOTAL LIABILITIES Ratio of total reserves to deposit and F, R. note liabilities combined * . . . Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances • 78.6% 24,878 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 2, 1937 (in thousands of dollars) B-801b ASSETS Total Boston New York Phila. Gold certificates on hand and due from U. S. Treasury 8,838,401 448,543 3,311,491 520,043 Redemption fund'- F.R. notes 11,341 760 1,194 595 Other cash 272,695 39,152 69,126 22,460 9,122,437 488,455 3,381,811 543,098 Total reserves Bills discounted i Secured by U.S.Gov,t obligations, direct or fully guaranteed 12,524 1,014 6,214 1,409 4,961 1,914 Other bills discounted 347 93 Total bills discounted Bills bought in open market Industrial advances U« S. Government securitiest Bonds Treasury notes Treasury bills Total U.S.Gov't securities Total bills and securities Due from foreign banks F.R.notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 17,485 6,261 22,232 1,361 223 3,168 8,128 1,996 5,909 1,502 394 4,011 Cleve. Rich. Atlanta Chicago St.Louis Finn. Kans.Cyv Dallas San Fran. 695,341 292,412 242,880 1,743,519 279,478 190,568 274,686 183,194 656,246 850 857 1,697 541 1,265 723 421 508 1,930 16,340 20,407 10,291 30,142 14,137 5,331 15,752. 5,453 24,104 712,531 313,676 254,868 1,774,202 294,880 196,622 290,859 189,155 682,280 538 649 1,936 170 12 1,080 78 53 8 45 131 464 142 523 300 538 149 2,124 2,585 133 224 182 460 920 1,158 112 329 61 79 782 176 114 660 606 112 1,278 823 2,115 1,927 365 — 365 374 900 — 732,608 53,385 210,233 61,861 1,152,213 83,974 33p,691 97,303 641,469 46,750 -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 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 2,572,268 188,861 741,062 219,243 247,561 135,845 114,033 279,960 112,984 83,098 125,077 100,630 223,914 226 17 18,847 321 646,056 63,883 45,685 3,033 47,853 2,990 85 23 3,846 630 147,8l4 48,644 10,055 4,899 13,667 5,675 21 10 8 988 1,360 1,493 68,835 60,949 20,482 6,306 2,764 2,219 5,093 2,899 1,921 27 4 3 6 6 16 2,631 1,894 1,821 1,921 463 1,489 89,717 27,479 18,098 36,029 28,006 36,120 4,661 2,369 1,497 3,217 1,259 3,406 4,489 1,865 1,685 2,108 1,843 3,6l8 12,453,372 747,560 4,298,340 822,202 l,o4l,335 517,503 395,024 2,155,687 441,475 302,824 459,217 321,362 950,843 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 2, 1937 (In thousands of dollars) B-801c LIABILITIES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 4,235,114 307,243 925,351 315,159 Deposits: 6,853,710 336,780 2,962,418 395,259 Member bank - reserve account U.S.Treasurer — General account 115,099 3,223 35,813 8,322 Foreign bank 45,117 11,753 121,749 8,754 62,368 9,115 Other deposits 133,705 2,606 431,089 193,969 178,769 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 509,448 249,137 184,826 1,044,116 221,472 136,217 252,115 188,361 557,043 68,898 59,350 18,749 90,788 29,074 17,978 36,712 29,217 35,027 12,609 3,813 2,898 3,995 3,861 10,110 12,856 A, 857 4,323 21,504 4,655 3,116 14,323 4,869 5,616 3,613 3,851 9,645 l,4l6 545 1,003 1,142 1,262 1,996 1,007 3,422 754 7,860 1,199 2,062 941 1,847 2,037 3,121 1,522 1,690 258 1,228 377 246 320 593 297 227 495 TOTAL LIABILITIES 7,224,263 351,363 3,105,716 424,449 645,317 64,860 145,554 49,110 51,261 12,239 132,198 9,376 51,474 13,362 145,854 9,826 7,744 4,325 27,490 2,874 9,091 3,000 35,940 1,570 2,149 448 558 7,196 976,166 180,397 139,292 160,453 92,736 334,490 465,929 227,464 174,723 1,007,477 206,774 128,842 241,234 179,223 527,587 8,619 12,367 2,373 21,044 3,536 1,784 7,161 2,222 8,635 13,911 3,598 2,758 3,478 3,478 8,515 11,033 5,157 4,197 23,867 4,149 3,533 1,684 7,564 2,833 242 3,438 12,306 12,453,372 747,560 4,298,340 822,202 l,04l ,335 517,503 395,024 2,155,687 44l,475 302,824 459,217 321,362 950,843 Contingent liability on bills purchased for foreign correspondents 1,532 Commitments to make industrial advances 17,018 112 553 150 141 66 54 178 46 35 44 44 109 2,248 6,042 170 1 ,336 2,009 350 10 1,158 65 128 302 3,200 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted 3ills bought Industrial advances U,S.Government securities Total Within 15 days 16 to 30 days 31 to 60 days 61 to 90 days 17,485 6,261 22,232 2,526,290 15,947 1,437 812 22,120 269 3,002 324 42,051 574 635 521 67,808 367 1,187 735 63,075 91 days to 6 months 6 months to 1 Year 1,996 331,049 2 Years to 5 Years Over 5 Years ,r 8 320 — 1 Year to 2 Years — 3,476 383,714 5.436 258,971 8,932 675,815 _ 681,687 FEDERAL RESERVE NOTE STATEMENT ON JUNE 2, 1937 (In thousands of dollars) B-SOld Total Boston New York Phila. federal Reserve notes» Issued to F.R.bank by F.R. agent 4,505,125 334,824 1,00A,087 331,135 Held by Federal Reserve bank 270,011 27,581 78,736 15,976 In actual circulation 4,235,114 307,243 925,351 315,159 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Qy. Dallas San Fran. 456,647 203,886 194,643 1,002,007 188,688 145,088 171,111 99,054 373,955 25,558 9,917 15,874 25,841 8,291 5,796 10,658 6,318 39,465 431 >089 193,969 178,769 97$,166 180,397 139,292 160,453 92,736 334,490 Collateral held by agent as security for notes issued to bank* Gold certificates on hand and due from U. S. Treasury 4,538,132 341,000 1,010,000 335,000 Eligible paper 19,943 1,361 8,433 1,503 U. S. Gov't securities 20,000 — — — Total collateral 4,578,075 342,361 1,018,433 336,503 459,500 206,000 178,000 1,010,000 189,632 146,000 174,000 100,000 389,000 447 567 2,610 258 1,134 80 201 632 2,717 — — 20,000 —• — — -— 459,947 206,567 200,610 1,010,258 190,766 146,080 174,201 100,632 391,717
@FedFRASER