The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FR-2S3 STATEMENT FOR THE PRESS Released for publication Friday morning, Oct* 22; not earlier, Board of Governors of the Federal Reserve System October 21, 1937 CONDITION OF FEDERAL RESERVE BANKS During the week ended October 2Q member bank reserve* balances increased $20,000,000. Additions to member bank reserves arose from a decrease of $39,000,000 in money in circulation and increases of $7,000,000 in Reserve bank credit and $4,000,000 in Treasury currency, offset in part by increases of $11,000,000 in Treasury cash other than inactive gold and $21,000,000 in nonmember deposits and other Federal Reserve accounts* Excess reserves of member banks on October 20 were estimated to be approximately $1,020,000,000, an increase of $30,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to $1,261,000,000 on October 20, an increase of $9,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended October 20, 1937, were as follows I Increase or decrease since Oct. 20 1937 Oct. 13 1937 Oct. 21 1936 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 15 million commitments - October 20) 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 18 3 2,526 +12 -5 — — ' — +96 -1 +12 - 7 +1 2,565 12,793 2,605 +7 +9 +4 +102 +1,785 +91 6,939 6,546 3,654 82 743 +20 -39 +20 -1 +21 +246 +235 +1,251 -6 +252 19 -2. Form FR-28>a Released for publication Friday morning, October 22,1937; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Oct. 20,1937 Oct. 13,1937 Oct. 21,1936 9,126,389 9,438 303,903 9,439,730 9,126,889 9,6 46 293,765 9,430,300 8,609,328 12,471 253,547 8,875,346 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fond - 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 securities: Bonds Treasury notes Treasury bills Total U.S. Government securities . . 13,193 5,291 18,484 2,830 19,478 13,268 10,183 23,451 2,830 19,622 3,103 3,067 6,170 3,089 26,427 738,073 1,157,713 630,4o4 2,526,190 738,073 1,157,713 630,404 2,526,190 378,077 1,443,363 608,7o7 2,430,227 Total bills and securities . . . . . Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 2,566,982 173 28,431 714,261 45,455 39,679 2,572,093 173 27,814 657,615 45,456 40,849 2,465,913 218 24,797 654,301 48,062 38,307 12,834,711 12,774,300 12,106,944 4,270,223 4,291,519 4,091,064 6,938,802 81,557 276,444 202,130 7,498,933 716,04l 132,679 145,854 27,615 35,769 7,597 6,918,902 83,231 283*014 174,745 7,459,892 672,090 132,656 145,854 27,490 35,803 8,996 6,693,447 83,337 63,782 163,492 7,009,058 657,033 130,243 145,501 27,088 34,2.36 12,721 12,834,711 12,774,300 12,106,944 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 80. 1,855 1,511 Commitments to make industrial advances 14,549 *l4,654 80.2% *Revised. 80,0$ - r 22,774 Form FR-28>b ASSETS AND LIABILITIES OF TEE FEDERAL RESERVE BANKS ON OCTOBER 20, 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 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cyv Dallas San Fran. 9,126,389 465,055 3,561,968 496,903 9,438 96 1,527 1,032 303,903 28,174 74,523 23,786 609,173 306,488 229,841 1,739,497 279,424 194,457 281,134 185,160 697,289 690 526 1,385 782 934 515 175 312 1,464 18,164 18,500 13,619 38,521 16,514 7,980 19,899 16,358 27,865 9,439,730 493,325 3,638,018 521,721 Total reserves Bills discountedJ Secured by U.S.Gov't obligations, direct or fully guaranteed 13,193 3l4 6,367 1,602 Other bills discounted 5,291 675 2,638 202 708,027 325,514 244,845 1,778,800 296,872 202,952 301,208 201,830 726,618 8l4 142 533 136 839 454 1,070 62 215 7 615 148 157 538 264 230 403 59 956 268 804 669 110 1,883 1,293 98 154 1,132 352 774 222 78 244 763 54 673 695 79 503 494 79 1,128 462 200 2,081 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities* Bonds Treasury notes Treasury bills 738,073 53,791 1,157,713 84,374 630,4o4 45,944 211,831 62,330 332,269 97,768 180,929 53,238 71,850 38,868 32,428 112,703 60,968 50,866 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 45,202 100,387 69,474 27,796 20,506 30,976 24,614 54,663 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 82,176 12.4,127 98,634 219,049 Total bills and securities 2,566,982 188,205 739,730 219,083 247,950 135,696 112,536 280,656 111,929 83,666 125,404 100,335 221,792 173 l4 28,431 524 714,261 71,727 45,455 3,01-5 39,679 2,334 56 19 8,540 1,177 177,752 57,870 10,005 4,857 11,761 4,726 17 8 7 1,351 2,449 2,278 68,4l4 59,440 24,543 6,254 2,728 2,202 4,280 2,482 1,496 23 2 2 6 6 13 3,312 2,013 1,029 1,735 663 3,360 95,025 31,181 20,521 37,612 29,781 40,395 4,623 2,354 1,513 3,171 1,364 3,372 3,611 1,499 1,401 1,744 l,44l 2,904 Due from foreign banks F.R. notes of other baiks Uncollected items Bank premises All other assets TOTAL ASSETS 18,484 2,830 19,478 989 205 2,902 9,005 1,016 4,680 1,804 291 3,652 12,834,711 759,144 4,585,862 809,453 1,036,293 528,317 387,907 2,166,047 445,850 311,084 470,880 335,420 998,454 Form Fft-283-c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON OCTOBER 20, 1937 (In thousands of dollars) LIABILITIES Total Boston New York Phila. 952,992 313,849 Deposits r Menber bank - reserve account U.S.Treasurer - General account Foreign bank Other deposits Total deposits Deferred availability itens Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 81,557 3,495 276,444 20,354 202,130 ,2,645 3,072,842 370,156 23,158 1,419 98,278 27,324 141,376 6,076 7,498,933 376,966 3,335,654 404,975 716,041 71,579 176,034 56,923 132,679 9,383 51,079 12,259 145,854 9,826 51,474 13,362 27,615 2,874 7,744 4,325 35,769 1,570 9,117 3,000 7,597 537 1,768 760 Cleve. fiich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 976,368 181,965 139,935 165,707 91,701 344,528 434,065 450,480 12,075 6,753 25,651 11,989 15,675 3,871 5,848 9,759 3,442 10,501 32,343 1,393 3,764 8,365 6,128 3,524 6,413 2,782 4,161 8,086 239 2,745 4,ll4 8,086 19,796 3,118 15,385 503,881 240,540 183,775 1,048,400 220,164 l4l,2S0 257,951 198,635 586,712 96,388 33,101 20,485 37,205 33,997 42,562 66,292 58,165 23,310 12 ,893 3,846 2,891 4,065 3,876 10,176 12,943 4,877 4,391 3,613 3,851 9,645 21,504 4,6 55 3,116 14,323 4,869 5,616 2,121 545 1,003 1,142 1,262 l,4l6 754 1,007 3,422 941 1,847 2,037 7,721 1,200 2,027 3,121 1,497 1,691 256 251 673 374 284 329 347 661 1,357 12,834,711 759,144 4,585,862 809,453 1,036,293 528,317 387,907 2,166,047 445,850 311,084 470,880 335,420 998,454 Contingent liability on bills purchased for foreign correspondents 1,855 Commitments to make industrial advances 14,549 135 670 182 171 80 65 215 55 42 54 54 132 1,860 4,952 140 875 1,693 354 10 1,035 51 117 269 3,193 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U« S. Government securities 18,484 2,830 19,478 2,526,190 Within 15 days 16 to 30 days 16,604 456 26 297 1,057 161 30,190 29,539 91 days to 6 months 6 months to 1 Year 31 to 60 days 61 to 90 days 612 478 2,285 332 818 830 63,358 51,768 1,779 426,050 222 3,450 396,582 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 5,031 209,798 6,352 631,653 687,252 Form Fft-28>-d FEDERAL RESERVE NOTE STATEMENT ON OCTOBER 20, 1937 (in thousands of dollars) Total Boston New Xork Phila. CIeve. Rich, Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F.R.agent 4,618,979 335,067 1,063,884 330,662 463,745 225,793 186,593 1,005,960 193,782 145,699 178,566 99,142 390,086 Held by Federal Reserve bank 348,756 48,658 110,892 16,813 29,680 11,130 18,552 29,592 11,817 5,764 12,859 7,441 45,558 In a c t u a l c i r c u l a t i o n 4,270,223 286,409 952,992 313,849 434,065 214,663 168,04l 976,368 181,965 139,935 165,707 91,701 344,528 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due fron U. S. Treasury 4,641,132 341,000 1,060,000 337,000 467,000 226,000 171,000 1,020,000 190,632 148,000 180,000 101,500 399,000 Eligible paper 18,276 989 8,990 1,804 956 670 1,151 1,122 182 761 695 494 462 U. S. Gov't securities 32,000 20,000 12,000 Total collateral 4,691,408 341,989 1,068,990 338,804 467,956 226,670 192,151 1,021,122 202,814 l48,76l 180,695 101,994 399,462
@FedFRASER