The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, Nov. 19; not earlier, Board of Governors of the Federal Reserve System November 18, 1937 CONDITION OF FEDERAL RESERVE BANKS During the week ended November 17 member bank reserve balances increased $<43*000,000. Additions to member bank reserves arose from an increase of $14,000,000 in Reserve bank credit and decreases of $30,000,000 in money in circulation, $15,000,000 in Treasury cash other than inactive gold and $4,000,000 in Treasury deposits with Federal Reserve banks, offset in part by an increase of $19,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on November 17 were estimated to be approximately $1,100,000,000, an increase of $30,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to £>1,257,000,000 on November 17, unchanged for the week. The principal changes in holdings of bills and securities were increases of $10,000,000 in United States Treasury notes and $8,000,000 in United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended November 17, 1937, follows* Increase or decrease since Nov. 17 1937 Nov, 10 1937 Nov* 18 1936 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 13 million commitments - November 17) 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 19 3 2,555 19 -5 2,590 12,789 2,611 6,922 6,534 3,633 135 765 ~2 +14 — +18 - - -1 — — +43 -30 -15 -4 +19 +125 -7 -4 +126 +1,662 +91 +71 +159 +1,255 +85 +308 Form FR-283~a Released for publication Friday morning, November 19,1937; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Nov. 17. 1937 Nov, 10.1937 Nov. 18.1936 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! Bonds . t Treasury notes Treasury bills Total U.S. Government securities . 9,123,898 9,287 325,221 9,458,406 9,124,891 9,381 306.008 9,440,280 8,730,839 12,585 258.858 9,002,282 l4,4l4 4,282 18,696 2,831 19,256 14,711 6,265 20,976 2,832 19,332 3,345 1,900 5,245 3,086 26,037 738,073 1,168,463 648,179 2,554,715 738,073 1,158,463 640,054 2,536,590 379,960 1,443,363 606,964 2,430,227 2,595,498 175 23,785 736,957 45,365 42,470 2,579,730 173 25,427 638,847 45,365 41,720 2,464,595 221 26,926 718,925 48,066 41,725 12,902,656 12,771,542 12,302,740 F. R. notes in actual circulation . . . Depositsi Member bank - reserve account U.S.Treasurer - General account . . . . Foreign bank Other deposits 4,249,618 4,277,419 4,134,270 6,922,400 135,165 266,227 237,178 6,879,403 139,237 272,742 209,879 6,850,652 50,485 52,702 143,893 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) , Reserve for contingencies All other liabilities 7,560,970 742,234 132,505 145,854 27,615 35,709 8,151 7,501,261 642,771 132,541 145,854 27,615 35,742 8.339 7,097,732 720,127 130,224 145,501 27,088 34,295 13.503 . . . . . . 12,902,656 12,771,542 12,302,740 Total bills and securities . . . . Due from foreign banks F. R. notes of other banks . . Uncollected items Bank premises . All other assets . TOTAL ASSETS 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$ 80.1$ 2,486 2,586 13,431 13,522 80.1$ 22,138 Form FR-283~a ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 17, 1937 (in thousands of dollars) ASSETS Total Boston New York Gold certificates on hand and due from U. S. TreasuryRedemption fund - F. R. notes Other cash Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 9,123,898 467,294 3,569,633 489,119 976 9,287 952 815 84,998 24,892 325,221 31,369 681,452 311,314 227,180 1,737,470 277,432 193,694 281,902 184,171 703,237 484 676 1,277 986 127 283 1,280 553 878 24,871 19,315 12,465 38,255 15,561 8,701 21,409 13,474 29,911 Total reserves 9,458,406 499,639 3,655,583 514,826 Bills discountedi Secured by U.S.Gov't obligations, l4,4l4 1,040 direct or fully guaranteed 5,958 2,047 Other bills discounted 4,282 357 355 335 707,309 331,305 240,922 1,776,278 293,871 202,879 303,438 197,928 734,428 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasurer bills 18,696 2,831 19,256 1,395 206 2,844 6,315 1,007 4,638 2,382 293 3,620 821 l4l 387 128 2,566 1,548 315 86 255 100 207 157 951 240 158 528 16 962 269 793 515 110 1,829 4,ll4 99 134 401 354 767 255 78 239 307 54 701 1,108 80 484 398 80 1,107 544 201 2,100 738,073 53,775 1,168,463 85,133 648,179 47,226 212,664 62,400 336,671 98,788 186,761 54,800 71,848 38,731 32,337 113,744 61,316 51,195 63,097 34,014 28,399 81,214 32,418 23,922 36,108 28,736 63,920 128,572 51,324 37,873 57,165 45,490 101,192 71,322 28,471 21,009 31,711 25,235 56,134 Total U.S.Gov't securities 2,554,715 186,134 736,096 215,988 248,689 134,061 111,931 281,108 112,213 82,804 124,984 99,461 221,246 Total bills and securities Due from foreign banks F. R. notes of other baiks Uncollected items Bank premises All other assets 2,595,498 190,579 175 13 23,785 538 736,957 70,542 45,365 3,010 42,470 2,551 748,056 222,283 68 17 6,451 928 185,599 56,871 9,987 4,847 4,856 12,685 250,713 136,515 116,278 6 16 7 1,415 2,638 1,933 69,177 62,389 27,036 6,241 2,719 2,201 4,564 2,614 1,627 282,630 112,785 83,866 126,656 101,046 224,091 21 2 12 5 3 5 2,617 1,767 613 1,990 594 2,301 100,072 31,883 21,636 39,706 35,737 36,309 3,165 1,363 4,610 2,349 1,510 3,363 3,930 1,591 1,492 1,870 1,515 3,175 TOTAL ASSETS 12,902,656 766,872 4,618,429 804,628 1,039,435 538,187 390,003 2,170,158 444,249 311,998 476,830 338,l88ip03,679 Form FR-283~a ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS OIJ N0V3£BER 17, 1937 (in thousands of dollars) L I A B I L I T I E S Total Boston Hew York Phila. F.R.notes in actual circulation 4,24-9,618 281,835 938,737 315,509 Depositsi Member bank - reserve account 6,922,400 364,260 3,041,733 359,424 U.S.Treasurer - General account 135,165 3,092 58,070 5,233 Foreign bank 266,227 19,497 95,563 26,174 Other deposits 237,178 3,118 176,446 6,193 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 7,560,970 389,967 :3,371,812 742,234 70,954 186,485 51,054 132,505 9,383 145,854 9,826 51,474 7,744 27,615 2,874 35,709 1,570 9,117 2,006 463 8,151 397,024 58,419 12,259 13,362 4,325 3,000 730 Gleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 429,926 212,798 164,645 983,215 181,409 138,693 167,509 89,868 345,474 453,325 225,895 169,682 17,818 9,313 4,497 24,571 11,485 9,348 13,414 3,671 2,907 991,345 198,818 130,209 245,725 185,667 556,317 14,636 4,278 4,532 6,538 3,552 3,606 30,981 8,012 6,143 7,745 7,745 18,963 2,395 5,585 2,360 306 2,464 18,319 509,128 250,364 186,434 ]-,039,357 216,693 143,244 260,314 199,428 597,205 : 68,263 60,053 26,087 102,511 35,578 20,653 38,982 37,765 36,484 12,888 3,844 2,888 4,069 3,878 10,018 4,391 12,947 4,886 5,616 21,504 4,655 3,116 4,869 14,323 3,613 3,851 9,645 754 l,4l6 1,007 3,422 545 1,003 1,142 1,262 2,121 7,694 1,174 2,020 3,121 1,497 1,691 941 1,847 2,037 298 381 720 385 260 1,573 351 289 695 12,902,656 766,872 4,618,429 804,628 1,039,435 538,187 390,003 2,170,158 444,249 311,998 476,830 338,1881,00^679 Contingent liability on bills purchased for foreign correspondents 2,486 Commitments to make industrial advances 13,431 181 897 244 229 107 87 288 75 57 72 1,826 4,903 135 861 1,675 350 10 183 50 115 72 177 3,054 MATURITY DISTRIBUTION OF BILLS AMD SECURITIES Total Bills discounted Bills bought Industrial advances U. S. Government securities 18,696 2,831 19,256 2,554,715 Within 15 days 16,903 544 1,226 31,255 16 to 30 days 31 to 60 days 180 539 288 32,103 403 1,451 866 51,768 6l to 90 days 277 297 689 145,392 91 days to 6 months 6 months to 1 Year 894 1,586 364,831 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 5,919 640,915 687,240 39 3,121 389,913 5,561 211,298 FEDERAL RESERVE NOTE STATEMENT ON NOVEMBER 17, 1937 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes J Issued to F. R. bank by F.R.agent 4,615,443 332,760 1,059,083 334,069 460,525 226,051 183,l4l 1,012,307 194,823 144,805 178,730 97,960 391,189 Held by Federal Reserve bank 365,825 50,925 120,346 18,560 30,599 13,253 18,496 29,092 13,4l4 6,112 11,221 8,092 45,715 m In actual circulation 4,249,618 281,835 938,737 315,509 429,926 212,798 164,645 ' 983,215 181,409 138,693 167,509 89,868 345,474 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. Gov't securities Total collateral 4,654,132 341,000 1,070,000 337,000 464,000 230,000 165,000 1,020,000 200,632 148,000 180,000 99,500 399,000 18,195 1,395 6,285 2,251 962 490 3,898 401 255 242 1,075 397 544 20,000 - - " 20,000 4,692,327 342,395 1,076,285 339,251 464,962 230,490 188,898 1,020,4)1 200,887 148,242 181,075 99,897 399,544
@FedFRASER