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Form Fft~283 STATEMENT FOR THE PRESS Released for publication Saturday morning, Nov. 13; not earlier. Board of Governors of the Federal Reserve System November 12, 1937. CONDITION OF FEDERAL RESERVE BANKS During the week ended November 1Q member bank reserve balances decreased $10,000,000. Reductions in member bank reserves arose from an increase of $28,000,000 in Treasury deposits with Federal Reserve banks, offset in part by increases of $17,000,000 in Reserve bank credit and $3,000,000 in Treasury currency. Excess reserves of member banks on November 10 were estimated to be approximately $1,070,000,000, an increase of $20,000,000 for the week. Inactive gold included in the gold Irtock and Treasury cash amounted to $1,257,000,000 on November 10, a decrease of $15,000,000 for the week.. The principal change in holdings of bills and securities was an increase of $10,000,000 in United States Treasury bills. Changes in member bank reserve balances and related items during the week and the ye$r ended November 10, 1937, were as follows! Increase or decrease since Nov. 10 1937 Nov. 3 1937 Nov. 10 1936 (in mi llions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 14 million commitments - November 10) 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 21 3 2,537 +1-4 -3 — +11 +107 +9 -7 -7 2,576 12,789 2,611 +17 -15 +3 +106 +1,684 +95 6,879 6,564 3,648 139 746 -10 -1 -l4 +28 +1 +54 +171 +1,282 +84 +293 19 Form FRr-283-a Released for publication Saturday morning, November 13,1937; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Nov. 10,1937 Nov. 3, 1937 Nov. 10,1936 ASSETS Gold certificates on hand and due from U. S. Treasury • . Redemption fund - F. R. notes . . . . Other cash . • . • . Total reserves . Bills discountedJ 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 t Bonds . . . .. Treasury notes , # . . . . Treasury bills . . . •. Total U.S.Government securities . Total bills and securities F. R. notes of other banks • .. ...... Bank premises . . . . All other assets TOTAL ASSETS 9,12-4,891 9,381 306,008 9,124,896 9,381 308,145 8,726,337 11,853 243,801 9,440,280 9,442,422 8,981,991 1-4,711 6,26 5 20,976 2,832 19,332 16,950 7,369 24,319 2,832 19,352 738,073 1,158,463 640,054 2,536,590 738,073 1,158,463 629,654 2,526,190 379,960 1,443,363 606,904 2,430,227 2,579,730 2,466,460 173 25,427 638,847 45,365 41,720 2,572,693 173 27,262 581,920 45,36-4 40,730 12,771,542 12,710,564 4,277,419 -4,284,159 4,142,981 6,879,403 139,237 272,742 209,879 7,501,261 642,771 132,541 145,854 27,615 35,742 8,339 6,888,943 110,826 253,936 227,788 7,481,493 595,440 132,682 145,854 27,615 35,742 7,579 6,824,565 54,589 48,304 142,440 7,070,398 570,910 130,219 145,501 27,088 34,291 13,565 12,771,54-2 12,710,564 12,134,953 4,128' 2,738 6,866 3,086 26,281 220 23,289 573,938 48,067 40,988 12,134,953^ 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 (Sectj.cn 7) . . . . . . . . . . Surplus (Sc C'-vlcn 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 80.1% 80.3$ 2,586 2,219 13,522 14,403 80.1 % — — 22,436 Form FR-283-b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 10, 1937 (in thousands of dollars) ASSETS Total Boston New York Phila. Gold certificates on hand and due from U. S. Treasury Redemption fund - F.R. notes Other cash Total reserves Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 9,124,891 466,496 3,557,116 503,303 9,381 1,028 908 1,183 306,008 29,657 81,644 22,380 685,951 324,060 230,005 1,731,060 276,434 194,965 278,285 178,725 698,491 566 624 l4l 1,319 629 895 495 293 1,300 21,808 16,935 12,143 35,868 15,726 8,074 20,512 13,897 27,364 9,440,280 497,181 3,639,943 526,591 708,325 341,619 243,467 1,767,557 293,055 203,534 298,938 192,915 727,155 Bills discounted! Secured by U.S.Gov't obligations, direct or fully guaranteed 14,711 Other bills discounted 6,265 1,270 760 6,917 2,218 2,205 345 791 144 277 103 1,768 1,006 320 70 30 125 215 272 1,195 240 176 496 33 2,030 206 2,855 9,135 1,009 4,641 2,550 293 3,620 935 269 798 380 110 1,864 2,774 99 144 390 353 769 30 78 239 340 54 707 1,467 80 486 416 80 1,109 529 201 2,100 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills 738,073 53,785 1,158,463 84,420 640,054 46,642 212,136 62,355 332,964 97,873 183,964 54,074 71,850 38,818 32,395 112,773 60,927 50,847 62,308 33,663 28,092 81,293 32,497 23,977 36,209 28,788 63,970 127,596 51,009 37,635 56,831 45,183 100,405 70,497 28,181 20,793 31,400 24,965 55,475 Total U.S.Gov't securities 2,536,590 184,847 729,064 214,302 246,931 133,408 111,334 279,386 111,687 82,405 124,440 98,936 219,850 Total bills and securities Due from foreign banks F. R. fiotes of other banks Uncollected items Bank piremises All other assets 2,579,730 189,938 743,849 220,765 280,898 112,034 83,506 126,473 100,541 222,680 173 13 25,427 557 638,847 60,221 45,365 3,010 41,720 2,485 66 17 7,168 914 198,309 42,806 9,987 4,847 12,530 4,893 248,933 135,762 114*351 6 16 7 2,276 2,509 1,265 51,506 55,272 20,900 6,24l 2,719 2,201 4,462 2,610 1,572 TOTAL ASSETS 20,976 2,832 19,332 21 2 3 5 5 12 3,418 2,278 660 1,947 933 1,502 78,174 28,532 16,595 31,595 25,267 29,670 4,610 1,510 3,165 1,363 3,363 2,349 3,809 1,553 1,455 1,787 1,476 '3,088 12,771,542 753,405 4,611,852 800,833 1,020,748 540,265 385,006 2,138,487 439,804 307,535 463,465 322,227 987,915 Form FK-28>-c ASSETS AMD LIABILITIES OF ^THE FEDERAL RESERVE BANKS Oil NOVEMBER 10, 1937 (in thousands of dollars) LIABILITI Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 4,277,419 283,816 948,4)8 318,84-9 435,816 215,220 165,813 984,144 181,420 138,721 167,031 90,108 348,073 Deposits t 6,879,403 357,568 3,035,501 366,522 447,405 230,974 170,100 976,541 201,272 131,206 242,562 182,646 537,106 Member bank — reserve account 139,237 4,330 64,485 3,929 15,914 8,159 3,302 20,168 3,069 3,119 4,314 1,378 7,070 U.S.Treasurer - General account 31,594 8,171 6,264 7,898 7,898 19,337 272,742 19,882 98,706 26,691 25,057 11,711 9,533 Foreign bank 1,408 5,535 2,315 261 2,313 19,478 Other deposits 209,879 3,650 148,146 6,257 13,048 4,690 2,778 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 7,501,261 385,430 3,346,838 403,399 501,424 255,534 185,713 1,029,711 2L8,047 142,904 255,035 194,235 582,991 642,771 60,016 79,624 29,737 16,495 31,386 26,751 32,297 195,151 44,775 51,372 54,520 20,647 132,541 9,383 4,069 3,878 10,016 51,077 12,259 12,947 4,878 4,391 12,908 3,844 2,891 145,854 9,826 3,613 3,851 9,645 4,869 5,616 21,504 4,6 55 3,116 51,474 13,362 14,323 1,142 1,262 27,615 2,374 545 1,003 1,007 3,422 l,4l6 7,744 4,325 754 2,121 941 1,847 2,037 35,742 1,570 3,121 1,497 1,690 9,117 3,000 7,721 1,174 2,027 490 248 738 8,339 382 325 2,043 1,459 378 864 382 735 295 12,771,542 753,405 4,611,852 800,833 1,020,748 540,265 385,006 2,133,487 439,804 307,535 463,465 322,227 987,915 Contingent liability on bills purchased for foreign correspondents 2,586 Commitments to make industrial advances 13,522 189 934 253 238 111 90 300 78 59 75 75 184 1,831 4,956 135 872 1,682 353 10 183 52 115 269 3,064 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U. S, Government securities 20,976 2,832 19,332 2,536,590 Within 15 days 18,533 232 1,032 31,370 16 to 30 days 704 485 337 28,285 31 to 60 days 61 to 90 days 426 1,919 916 57,016 347 196 791 141,932 91 days to 6 months 6 months to 1 Year 927 39 1,550 353,098 3,165 395,436 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 5,471 209,798 6,070 632,415 687,240 Form FRr28>d FEDERAL RESERVE HOTE STATEMENT ON NOVEMBER 10, 1937 (In thousands of dollars) Total Boston New York Phila. Federal Reserve notest Issued to F.R.bank by F.R.agent Held by Federal Reserve bank In actual circulation Cleve# Rich, Atlanta Chicago St*Louis Minn. Kans.Cy. Dallas San Fran. 4,609,218 331,955 1,059,439 331,626 461,394 227,721 183,588 1,008,982 195,243 144,834 177,320 98,095 389,021 331,799 48,139 111,031 12,777 25,578 12,501 17,775 24,838 13,823 6,113 10,289 7,987 40,948 4,277,419 283,816 948,408 318,849 435,816 215,220 165,813 984,144 181,420 138,721 167,031 90,108 348,073 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„ Gov11 securities 4,643,132 341,000 1,060,000 337,000 464,000 230,000 168,000 1,020,000 196,632 148,000 180,000 99,500 399,000 20,443 2,030 9,125 2,381 935 355 2,545 390 30 274 1,434 4l5 529 20,000 20,000 } Tot?al collateral 4,683,575 343,030 1,069,125 339,381 464,935 230,355 190,545 1,020,390 196,662 148,274 181,434 99,915 399,529
@FedFRASER