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Form FR-283 STATEMENT FOR THE PRESS Released for publication Saturday morning, Nov. 27; not earlier. Board of Governors of the Federal Reserve System November 26, 1937 CONDITION OF FEDERAL RESERVE BANKS During the week ended November 24 member bank reserve balances increased $27,000,000. Additions to member bank reserves arose frdin increases of #6,000,000 in Reserve bank credit and $8,000,000 in Treasury currency, and decreases of $22,000,000 in Treasury deposits with Federal Reserve banks and $19,000,000 in nonmember deposits and other Federal Reserve accounts; offset in part by increases of $20,000,000 in money in circulation and $8,000,000 in Treasury cash other than inactive gold. Excess reserves of member banks on November 24 were estimated to be approximately $1,140,000,000, an increase of $40,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to $1,242,000,000 on November 24, a decrease of $15,000,000 for the week. • The principal change in holdings of bills and securities was an increase of $9,000,000 in United States Treasury bills. Changes in member bank reserve balances and related items during the week and the year ended November 24, 1937, aa follows I Increase.or decrease since Nov. 24 1937 Nov. 17 1937 Nov. 25 1936 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 13 million commitments - November 24) 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 16 -3 +10 2,564 +9 +134 19 -6 — -1 ~7 +2 2,596 12,774 2,619 +6 -15 +8 +139 +1,612 +99 6,949 6,554 3,626 113 7^6 +27 +23 -7 -22 -19 +154 +125 +1,256 +34 +279 Form FRr-283-a Released for publication Saturday morning., Nov. 27,1937} not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Nov. 24, "1937 Nov. 17, 1937 Nov. 25,1936 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves 9,122,402 9,94) 319,183 9,451,525 9,123,898 9,287 325,221 9,458,406 8,768,838 11,4)7 247,458 9,027,703 11,597 4,266 l4,4l4 4,2.82 4,211 1,854 15,863 2,828 18,589 18,696 2,831 19,256 6,065 3,086 25,980 738,073 1,168,463 657,479 738,073 1,168,463 648,179 381,326 1,449,163 599,738 Total U.S.Government securities . . . 2,564,015 2,554,715 2,430,227 Total bills and securities 2,601,295 2,595,498 2,465,358 178 25,892 589,718 45,344 43,850 175 23,785 736,957 45,365 42,470 221 25,464 615,194 48,066 42,673 12,757,802 12,90.2,656 12,224,679 4,264,829 4,249,618 4,169,201 6,948,927 113,302 270,068 214,742 7,547,039 595,428 132,505 145,854 27,615 35,709 8,823 6,922,400 135,165 266,227 237,178 7,560,970 742,234 132,505 145,854 27,615 35,709 8,151 6,794,650 79,079 53,955 152,525 7,080,209 623,656 130,247 145,501 27,088 34,290 14,487 12,902,656 12,224,679 Bills discountedt 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 1 Bonds Treasury notes Treasury bills Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS L I A B I L I T I E S F. R. notes in actual circulation Deposits 1 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 12,757,802 80.0$ 80.1$ 2,169 2,486 13,316 13,431 80.3$ 22,040 Form Fft-283-b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 24, 1937 (in thousands of dollars) ASS E T S Total Boston New York Gold certificates on hand and due from U. S. TreasuryRedemption fund - F. R. notes Other cash Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 9,122,402 475,859 3,565,765 490,082 9,940 943 1,775 752 78,198 22,455 319,183 32,335 677,354 304,500 220,758 1,744,030 276,350 190,821 282,811 184,990 709,082 468 1,675 468 852 268 922 87 475 1,255 23,534 21,618 13,964 8,448 2.2,021 13,529 29,876 37,129 16,076 Total reserves 9,451,525 509,137 3,645,738 513,289 Bills discountedt Secured by U.S.Gov't obligations, direct or fully guaranteed 650 11,597 3,324 2,334 4,266 Other bills discounted 401 371 365 701,810 326,586 236,397 1,781,627 293,278 199,744 304,919 198,787 740,213 Total bills discounted Bills bought in open market Industrial advances U.S. Government securities: Bonds Treasury notes Treasury bills 15,863 2,828 18,589 1,015 206 2,844 3,695 1,005 4,656 2,735 293 3,605 1,219 145 437 128 2,619 1,615 270 86 85 50 226 129 709 165 210 315 10 1,364 269 792 565 110 1,828 4,234 99 136 356 353 767 85 78 239 276 54 695 838 80 483 375 80 1,012 325 201 1,532 738,073 53,770 1,168,463 85,125 657,479 47,899 212,930 62,423 337,095 98,823 189,679 55,607 71,847 38,687 32,308 113,742 61,247 51,150 64,002 34,462 28,780 81,173 32,379 23,895 36,058 28,709 63,894 128,508 51,260 37,829 57,085 45,448 101,151 72,310 28,844 21,285 32,120 25,574 56,917 Total U.S.Gov't securities 2,564,015 186,794 739,704 216,853 249,591 134,396 112,238 281,991 112,483 83,009 125,353 Total bills and securities 2,601,295 190,859 749,060 223,486 252,016 136,899 116,707 283,467 112,885 84,034 126,664 101,198 224,020 178 13 558 25,892 589,718 58,844 45,344 3,010 43,850 2,597 70 17 7,553 775 147,806 48,541 9,987 4,836 12,991 4,867 16 8 6 989 2,823 2,789 55,794 51,992 19*389 6,241 2,719 2,199 4,629 2,678 1,645 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises ALL other assets TOTAL ASSETS 99,731 221,962 21 3 2 5 5 2,686 2,217 1,101 1,252 689 81,376 26,076 17,697 29,349 25,725 4,610 2,349 1,510 3,165 1,363 4,004 1,617 1,906 1,609 1,511 12 2,460 27,129 3,355 3,796 12,757,802 765,018 4,573,205 795,811 1,021,495 523,705 379,132 2,157,791 A38,425 305,599 467,260 329,376 ipoo,985 Form Fft-283 g ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 24, 1937 (in thousands of dollars) LIABILITIES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 4,264,829 283,777 945,194 319,152 Deposits I 6,948,927 370,974 3,055,709 357,863 Member bank - reserve account 49,172 5,256 113,302 4,053 U.S.Treasurer - General account 19,719 97,457 26,472 270,068 Foreign bank 3,152 157,864 5,725 214,742 Other deposits 434,764 211,917 162,654 987,924 180,123 138,380 166,936 89,454 344,554 452,013 222,094 169,357 10,975 8,612 3,437 24,852 11,615 9,454 11.1S5 3,393 2,419 999,004 200,927 129,733 248,544 188,480 554,229 10,210 5,596 2,282 3,233 1,793 8,683 31,335 8,104 6,213 7,834 7,834 19,179 1,547 5,299 2.530 238 2,641 18,749 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 499,025 24-5,714 184,667 1,042,096 219.926 140,758 259,849 200,748 600,840 82,866 27,780 17,043 30,418 28,025 31,061 55,523 51,070 18,963 12,887 3,844 2,888 4,070 3,877 10,021 12,947 4,885 4,392 9,645 21,504 4,6 55 3,116 3,613 3,851 14,323 4,869 5,616 2,121 1,416 545 1,003 1,1.42 1,262 1,007 3,422 754 2,037 941 1,847 7,694 1,174 2,020 3,121 1,497 1,691 706 291 l,4o4 331 378 391 785 312 395 TOTAL LIABILITIES 7,547,039 397,898 3,360,202 395,316 595,428 59,214 145,898 47,567 132,505 9,383 51,052 12,259 145,854 9,826 51,474 13,362 27,615 2,874 7,744 4,325 35,709 1,570 9,117 3,000 8,823 476 2,524 830 12,757,802 765,018 4,573,205 795,811 1,021,495 523,705 379,132 2,157,791 438,42.5 305,599 467,260 329,376 ipoo,985 Contingent liability on bills purchased for foreign correspondents 2,169 Commitments to make industrial advances 13,316 158 783 212 200 93 76 252 65 50 63 63 154 1,773 4,873 136 861 1,669 350 10 183 51 115 269 3,026 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U. S. Government securities 15,863 2,828 18,589 2,564,015 Within 15 days 13,903 485 922 28,285 16 to 31 to 30 days 60 days 247 1,990 323 38,083 628 842 54,053 61 to 90 days 237 353 624 147,937 91 days to 6 months 6 months to 1 Year 826 22 1,599 3,222 373,016 383,188 1 Year to 2 Years 5,431 211,298 2 Years to 5 Years Over 5 Years 5,626 640,915 687,240 Fft-283-d FEDERAL RESERVE NOTE STATEMENT ON NOVEMBER 24, 1937 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notest Issued to F. R. bank by F.R. agent 4,608,797 333,949 1,057,156 331,738 460,735 224,682 182,097 1,013,125 195,820 144,438 178,283 97,459 389,310 Held by Federal Reserve bank 343,968 50,172 111,962 12,586 25,971 12,765 19,443 25,201 15,697 6,058 11,352 8,005 44,756 In actual circulation 4,264,829 283,777 945,194 319,152 434,764 211,917 162,654 987,924 180,123 138,380 166,936 89,454 344,554 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 4,644,632 341,000 1,070,000 337,000 462,500 225,000 162,000 1,020,000 200,632 148,000 180,000 99,500 399,000 15,293 1,015 3,665 2,583 1,364 540 3,973 356 85 191 821 375 325 20,000 20,000 ' 4,679,925 342,015 1,073,665 339,583 463,864 225,540 185,973 1,020,356 200,717 148,191 180,821 99,875 399,32.5
@FedFRASER