The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form Fft-283 STATEMENT FOR THE PRESS Released for publication Friday morning, Nov, 5 J not earlier, Board of Governors of the Federal Reserve System November 4, 1937. CONDITION OF FEDERAL RESERVE BANKS During the week ended Novejnber member bank reserve balances decreased #62,000,000. Reductions in member bank reserves arose from increases of $46,000,000 in money in circulation and $17,000,000 in Treasury deposits with Federal Reserve banks and a decrease of #11,000,000 in Reserve bank credit, o f f s e t in part by decreases of #6,000,000 in Treasury cash other than inactive gold and #4,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on November 3 were estimated to be approximately #1,050,000,000, a decrease of #20,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to $1,272,000,000 on November 3, an increase of #2,000,000 for tho week. Changes in member bank reserve balances and related items during the week and the year ended November 3, 1937, were as follows! Increase or decrease since Nov. 3 1937 Oct. 27 1937 Nov, 4 1936 (In millions of dollars^ Bills discounted 24 Bills bought 3 U. S. Government securities 2,526 Industrial advances (not including 14 million commitments - November 3) 19 Other Reserve bank credit -13 - 11 Total Reserve bank credit Gold stock Treasury currency + + 11 3 1 Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Nonmember deposits and other F. R. accounts 2,559 12,804 2,608 6,889 6,565 3,662 111 745 + 1 4-17 - - + + 1 62 46 4 7 4 + 9 6 - 7 + 6 + HI +1,746 + 9 3 + 196 + 187 +1,270 + 16 + 283 Form FRr-283-a Released for publication Friday morning, November 5, 1937; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Nov, 3, 1937 Oct. 27, 1937 Nov. 4, 1936 9,124,896 9,381 308,145 9,442,422 9,126,391 9,421 315,489 9,451,301 8,650,837 11,35-4 249,355 8,911,546 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 f u l l y guaranteed Other b i l l s discounted Total b i l l s discounted Bills bought in open market Industrial advances U.S. Government securities: Bonds Treasury notes Treasury b i l l s Total U.S.Government securities . . 16,950 7,369 24,319 2,832 19,352 17,890 5,536 23,426 2,830 19,450 4,142 2,935 7,077 3»087 26,474 738,073 1,158,463 629,654 2,526,190 738,073 1,158,463 629,654 2,526,190 379,960 1,443,363 606,904 2,430,227 Totalbills and securities Due fVom foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 2,572,693 173 27,262 581,920 45,364 40,730 2,571,896 173 28,526 622,341 45,435 40,807 2,466,865 220 24,852 556,847 48,067 40,255 12,710,564 12,760,479 12,048,652 4,284,159 4,256,097 4,134,747 6,888,943 110,826 253,936 227,788 7,481,493 595,440 132,682 145,854 27,615 35,742 7,579 6,950,730 94,046 265,891 218.679 7,529,346 624,534 132,683 145,854 27,615 35,768 8,582 6,693,359 94,549 46,778 153,316 6,988,002 575,644 130,232 145,501 27,088 34,237 13,201 12,710,564 12,760,479 12,045,652 . . . . . TOTAL ASSETS 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 (Section 7) Surplus (Section 13 b) Reserve for contingencies All other l i a b i l i t i e s TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents , Commitments to make industrial advances 80.3$ 80.2$ 2,219 2,326 14,403 14,488 80.1$ 22,574 Form FR-283-b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS OK NOVEMBER 3, 1937 (in thousands of dollars) ASSETS Total Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Boston New York. Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 9,124,896 465,350 3,586,525 492,071 9,381 1,028 908 1,183 308,145 29,946 77,819 24,404 689,634 311,898 224,142 1,742,713 271,021 196,771 279,376 182,464 682,931 566 624 1,319 629 895 495 l4l 293 1,300 17,642 17,379 13,578 37,065 16,702 7,525 21,078 16,383 28,624 9,442,422 496,324 3,665,527 517,383 707,842 329,901 239,039 1,780,407 B i l l s discounted: Secured by U.S.Gov't obligations, direct or f u l l y guaranteed 16,950 Other b i l l s discounted 7,369 288,618 455 204,791 300,595 199,l4o 712,855 255 191 262 1,091 214 167 1,028 43 446 54 696 1,353 80 486 381 80 1,120 1,071 201 2,102 774 785 7,061 2,675 3,375 205 431 148 322 139 1,688 1,855 1,085 70 —— 579 269 798 461 110 1,866 3,543 99 145 1,155 353 769 455 78 239 71,851 38,868 11?,775 61,007 61,296 33,159 32,428 50,899 27,664 81,339 32,543 127,668 51,079 69,391 27,763 24,010 36,267 28,816 64,000 37,684 56,921 45,233 100,451 20,482 30,939 24,585 54,598 82,176 124,127 Total b i l l s discounted B i l l s bought in open market Industrial advances U. S. Government securities* _Bonds Treasury notes Treasury b i l l s 1,559 206 2,855 9,736 1,009 4,647 3,580 293 3,629 738,073 53,791 1,158,463 84,429 629,654 45,889 211,830 332,485 180,714 62,330 97,832 53,174 Total U.S.Gov't securities 2,526,190 184,109 725,029 213,336 245,922 133,034 110,991 278,398 111,385 Total b i l l s and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises A l l other assets 2,572,693 188,729 13 173 535 27,262 581,920 63,462 45,364 3,010 40,730 2,436 740,421 220,838 66 17 6,764 615 123,825 43,127 9,987 4,847 12,221 4,673 247,568 135,471 114,778 16 7 6 1,209 3,640 2,088 53,755 5-4,331 22,658 6,241 2,719 2,201 4,395 2,537 1,548 280,675 112,157 83,372 126,046 100,215 222,423 21 3 2 5 5 12 3,882 2,213 1,076 1,771 459 3,010 83,354 28,120 19,176 34,345 24,022 31,745 4,610 2,349 1,510 3,165 1,362 3,363 3,738 1,525 1,437 1,749 1,449 3,022 TOTAL ASSETS 24,319 2,832 19,352 98,634 219,049 12,710,564 754,509 4,558,811 791,500 1,021,026 528,606 382,318 2,156,687 434,985 311,364 467,676 326,652 976,430 Form FR-283-b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 3, 1937 (in thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. F.R.notes in actual circulation >4,284,159 28-4,461 961,352 316,613 Deposits* Member bank - reserve account 6,888,943 361,357 3,037,275 356,593 U.S.Treasurer - General account 110,826 2,639 48,739 " 5,894 Foreign bank 253,936 18,511 91,899 24,851 Other deposits 227,788 1,795 167,965 6,606 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies A l l other l i a b i l i t i e s 'TOTAL LIABILITIES 7,481,493 384,302 3,345,878 393,944 595,440 61,684 9,384 132,682 9,826 145,854 2,874 27,615 35,742 1,570 408 7,579 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 432,208 215,628 165,902 982,308 181,296 139,477 167,433 91,126 346,355 456,887 222,704 168,058 9,818 3,117 1,357 23,329 10,904 8,875 12,764 5,193 3,794 996,225 199,572 128,195 245,357 184,096 532,624 18,002 1,937 7,259 2,624 3,699 5,74l 29,415 7,608 5,832 7,354 7,354 18,004 1,459 5,869 2,715 200 2,453 16,975 502,798 241,918 182,084 1,045,101 214,986 144,001 255,535 197,602 573,344 53,949 56,082 4,877 12,947 4,869 14,323 1,007 3,422 3,121 1,497 673 313 130,292 47,345 51,077 12,259 51,474 13,362 7,744 4,325 9,117 3,000 1,877 652 21,521 4,391 5,616 754 1,690 360 84,364 28,117 18,490 34,729 26,802 32,065 3,844 12,897 2,891 4,069 3,878 10,168 4,6 55 3,116 21,504 3,613 3,851 9,645 545 1,142 1,262 1,416 1,003 2,121 941 1,847 7,721 1,174 2,027 2,037 214 368 1,376 284 359 695 12,710,564 754,509 4,558,811 791,500 1,021,026 528,606 382,318 2,156,687 434,985 311,364 467,676 326,652 976,430 Contingent l i a b i l i t y on -Sills purchased for foreign correspondents 2,219 Commitments to make industrial advances 14,403 164 780 221 207 97 79 26l 68 52 65 65 l6o 1,833 4,969 144 872 1,683 354 10 1,033 51 115 269 3,070 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U. S. Government securities Total Within 15 days 16 to 30 days 31 to 60 days 61 to 90 days 91 days to 6 months 24,319 2,832 19,352 2,526,190 21,956 297 l,0l4 29,539 650 544 468 31,255 429 1,966 784 59,486 448 25 827 139,147 793 43 1,584 334-,074 3,106 403,236 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 5,477 209,798 6,092 632,415 687,240 Form FR-283-b FEDERAL RESERVE NOTE STATEMENT ON NOVEMBER 3, 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! Issued to F.R.bank by F.R.agent 4,604,267 33-4,080 1,057,844 329,312 -459,269 228,136 183,706 1,008,860 193,422 145,028 177,084 98,173 389,353 Held by Federal Reserve bank 320,108 49,619 96,492 12,699 2.7,06l 12,508 17,804 26,552 12,126 5,551 9,651 7,047 42,998 In actual circulation 4,-284,159 284,461 961,352 316,613 432,208 215,628 165,902 982,308 181,296 139,477 167,433 91,126 346,355 Collateral held by agent as security for notes issued to bank J Gold certificates on hand and due from U. S. Treasury Eligible paper U.S. Gov't securities Total collateral 4,645,132 341,000 1,060,000 337,000 464,000 230,000 168,000 1,020,000 196,632 148,000 180,000 101,500 399*000 23,938 1,559 9,721 3,573 578 46l 3,284 1,155 455 381 1,320 381 1,070 20,000 - - - - 20,000 4,689,070 342,559 1,069,721 340,573 464,578 230,461 191,284 1,021,155 197,087 148,381 181,320 101,881 400,070
@FedFRASER