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 Board of Governors of the Federal Reserve System October l4, 1937 Released for publication Friday morning, Oct, 15; not earlier. CONDITION OF FEDERAL RESERVE BANKS During the week ended October 13 member bank reserve balances decreased $84,000,000. Reduction in member bank reserves arose from increases of $16,000,000 in money in circulation, #6,000,000 in Treasury cash other than inactive gold, $7,000,000 in Treasury deposits with Federal Reserve banks and 036,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $25,000,000 in Reserve bank credit, offset in part by an increase of $5,000,000 in Treasury currency. Excess reserves of member banks on October 13 were estimated to be approximately $990,000,000,/leerease of $100,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to $1,252,000,000 on October 13, an increase of $18,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended ;0ctober 13, 1937, were as followst Increase or decrease since Oct. 13 1937 • Oct. 6 1937 Oct. lA 1936 (In millions of dollars) Bills discounted Bills bought U. S.Government securities Industrial advances (not including 15 million commitments - October 13) 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 23 3 2,526 — +15 — +96 20 — — -25 -6 -31 2,558 12,784 2,601 -25 +19 +5 +73 +1,781 +89 6,919 6,585 3,634 83 722 -84 +16 +2-4 +7 +36 +302 +269 +1,213 -52 +212 Form FR-283-a Released for publication Friday morning, October 15,1937; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Oct. 13,1937 Oct. 6,1937 Oct. 1-4,1936 9,126,889 9,646 293,765 9,430,300 9,127,389 10,422 300,809 9,438,620 8,581,384 13,136 251,328 8,845,848 13,268 10,183 12,327 10,729 3,963 4,196 A S S'E T S 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 securitiest Bonds Treasury notes Treasury bills Total U.S.Government securities . . 23,451 2,830 19,622 23,056 2,813 19,680 8,159 3,098 26,480 738,073 1,157,713 630,4p4 2,526,190 738,073 1,157,713 630,4o4 2,526,190 378,077 1,443,363 608,787 2,430,227 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 2,572,093 173 27,814 657,615 45,456 40,849 2,571,739 190 28,172 633,125 45,456 39,114 2,467,964 216 24,791 841,169 48,062 40,657 12,774,300 12,756,416 12,268,707 4,291,519 4,284,339 4,093,187 6,918,902 83,231 283,014 174,745 7,459,892 672,090 132,656 145,854 27,490 35,803 8,996 7,003,033 76,183 287,311 134,065 7,500,592 622,374 132,627 145,854 27,490 35,804 7,336 6,616,920 135,246 88,904 159.828 7,000,898 824,207 130,243 145,501 27,088 34,242 13,34-1 12,774,300 12,756,4l6 12,268,707 .... TOTAL ASSETS LIABILITIES 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 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 80.2$ 80.1* 1,511 1,365 14,662 14,739 79.7$ 23,086 Fora FR—28'jr~b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 13, 1937 (in thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 9,126,889 467,493 3,494,271 503,845 702,998 311,158 244,557 1,719,882 281,488 197,382 296,721 188,000 719,094 Redemption fund - F. R. notes 9,646 132 1,657 1,091 749 808 l,4l6 339 949 522 185 320 1,478 Other cash 293,765 25,139 77,049 23,992 16,547 16,431 13,120 37,585 16,034 7,047 19,604 15,556 25,661 Total reserves 9,430,300 492,764 3,572,977 528,928 720,294 328,397 259,093 1,757,806 298,471 204,951 316,510 203,876 746,233 Bills discounted: Secured by U.S.Govt, obligations, direct or fully guaranteed 13,268 230 6,906 1,402 550 472 844 1,600 245 125 152 344 398 Other bills discounted 10,183 725 7,730 177 52 221 505 67 9 71 392 149 85 Total bills discounted 23,451 955 Bills bought in open market 2,830 205 Industrial advances 19,622 2,919 U. S. Government securities! Bonds 738,073 53,791 Treasury notes 1,157,713 84,374 630,404 45,944 Treasury bills 211,831 62,330 71,850 38,868 32,428 332,269 97,768 112,703 60,968 50,866 180,929 53,238 61,369 33,198 27,697 81,340 32,543 24,009 36,266 28,818 63,999 127,584 51,046 37,661 56,885 45,202 100,3S7 69,474 27,796 20,506 30,976 24,614 54,663 Total U.S.Govt, securities 2,526,190 184,109 725,029 213,336 245,922 133,034 110,991 278,398 111,385 82,176 124,127 98,634 219,049 Total bills and securities 2,572,093 188,188 Due from foreign banks 14 173 27,814 548 F. R.notes of other banks Uncollected items 657,615 62,840 Bank premises 45,456 3,015 All other assets 40,849 2,362 745,386 218,867 247,599 135,721 112,594 56 8 7 17 19 912 1,428 2,085 1,858 8,171 147,113 48,235 62,117 60,430 21,791 10,005 4,857 6,254 2,728 2,205 12,064 5,527 4,307 2,522 1,509 281,194 111,961 83,108 125,310 100,351 221,814 6 6 2 2 13 23 3,828 2,342 1,110 1,385 485 3,662 93,399 35,443 22,103 40,935 30,732 32,477 2,354 1,511 3,171 1,364 3,372 4,620 3,613 1,506 1,409 1,710 l,4o4 2,916 TOTAL ASSETS 14,636 1,017 4,704 1,579 291 3,661 602 268 807 693 109 1,885 1,349 98 156 1,667 352 777 254 78 244 196 54 682 544 79 560 493 79 1,145 483 200 2,082 12,774,300 749,731 4,495,772 807,345ip42,0l6 531,891 399,057 2,144,483 452,079 314,194 489,027 338,2181^.0,487 Form FRr-283~c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 13, 1937 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F.R. notes in actual irculation 4,291,519 288,122 959,251 316,788 Depositsj Member bank - reserve account 6,918,902 345,261 3,039,971 371,095 U.S.Treasurer - General account 83,231 3,320 15,275 2,016 Foreign bank 283,014 20,354 104,848 27,324 Other deposits 174,745 3,296 113,638 6,315 439,442 213,019 168,965 976,106 182,216 140,369 166,810 93,075 347,356 451,526 215,028 176,665 11,846 10,649 3,553 25,651 11,989 9,759 16,525 4,059 3,753 976,516 207,110 132,795 255,518 184,530 562,887 10,628 3,703 2,948 6,377 4,759 8,157 32,343 8,365 6,413 8,086 8,086 19,796 949 6,065 2,566 161 3,714 13,704 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 505,548 241,725 193,730 1,020,436 225,243 144,722 270,142 201,089 604,544 si . / _ ^^ ~ ~ / ~ ^ n / /-s. ^ r\ i -i / rtr> !^ / ^ / a ^ A 102,868 33,849 19,689 42,084 32,927 34,039 64,960 62,178 23,556 4,057 3,876 10,165 12,891 4,391 2,891 4,877 3,846 12,936 3,613 3,851 9,645 21,504 4,6 55 3,116 5,616 4,869 14,323 1,142 1,262 1,996 l,4l6 754 1,003 3,422 545 1,007 941 1,847 2,037 7,749 1,690 1,497 3,121 1,200 2,034 238 291 705 355 1,513 370 304 679 525 TOTAL LIABILITIES 7,459,892 372,231 3,273,732 406,750 _ /«y _ I^ a. 141,362 49,377 672,090 65,201 132,656 51,084 12,259 9,383 145,854 9,826 51,474 13,362 27,490 2,874 7,744 4,325 35,803 1,570 9,117 3,000 8,996 524 2,008 1,484 12,774,300 749,731 4,495,772 807,345 1,042,016 531,891 399,057 2,144,483 452,079 314,194 489,027 338,2181^.0,487 Contingent liability on bills purchased for foreign correspondents 1,511 Connitnents to make industrial advances 14,662 Total Bills discounted Bills bought Industrial advances U. S. Government securities 23,451 2,830 19,622 2,526,190 97 657 131 1,880 4,987 148 Within 15 days 16 to 30 days 21,744 301 26 200 960 27,349 301 29,685 123 47 57 155 40 888 1,742 310 10 1,035 MATURITY DISTRIBUTION OF BILLS AMD SECURITIES 31 to 60 days 824 273 645 59,655 61 to 90 days 348 2,331 928 57,016 91 days to 6 months 6 nonths to 1 Year 31 39 39 95 51 117 269 3,225 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 5,519 209,798 6,481 631,653 607,252 232 1,904 419,569 2,884 404,213 Form Fft-283-d FEDERAL RESERVE NOTE STATEMENT OK OCTOBER 13, 1937 (in thousands of dollars) Total Boston New York Phila. Federal Reserve notes: Issued to F.R.bank by F.R.agent 4,608,405 329,225 1,055,466 332,708 Held by Federal Reserve bank 316,886 4l,103 96,215 15,920 In actual circulation 4,291,519 288,122 959,251 316,788 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 462,620 224,532 187,363 1,004,966 194,543 145,945 170,776 100,462 391,799 23,178 11,513 18,398 28,860 12,327 5,576 11,966 7,387 44,443 439,442 213,019 168,965 976,106 182,216 140,369 166,810 93,075 347,356 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due fron U. S. Treasury Eligible paper U. S. Gov't securities Total collateral 4,639,132 336,000 1,060,600 337,000 23,149 955 14,621 1,479 32,000 467,000 225,000 171,000 1,020,000 190,632 148,000 180,000 105,500 399,000 602 623 1,243 1,657 254 195 544 493 483 4,694,281 336,955 1,074,621 338,479 467,602 225,623 192,243 1,021,657 202,886 148,195 180,544 105,993 399,483 -- 20,000 -- 12,000
@FedFRASER