The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Form FRr-283 STATEMENT FOR THE PRESS Released for publication Friday morning, Oct. 29; not earlier. Board of Governors of the Federal. Reserve System October 28, 1937 CONDITION OF FEDERAL RESERVE BANKS During the week ended October 27 member bank reserve balances increased $12,000,000. Additions to member bank reserves arose from a decrease of $27,000,000 in money in circulation and increases of $5,000,000 in Reserve bank credit and $2,000,000 in Treasury currency, offset in part by increases of $5,000,000 in Treasury cash other than inactive gold, $12,000,000 in Treasury deposits with Federal Reserve banks and $6,000,000 in nomaember deposits and other Federal Reserve accounts. Excess reserves of member banks on October 27 were estimated to be approximately $1,070,000,000, an increase of 150,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to $1,270,000,000 on October 27, 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 27, 1937, were as followst Increase or decrease since Oct. 27 1937 Bills discounted Bills bought U. S. Government securities Industrial advances (not including l4 million commitments - October 27) 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 Honmember deposits and other F. R. accounts Oct. 20 1937 Oct. 28 1936 (in millions of dollars) + + 5 23 — 3 — 2,526 + 19 -2 2,570 12,801 2,607 6,951 6,519 3,666 9-4 74-9 + — - — + 17 — 96 7 1 5 8 2 + 108 +1,770 + 93 + 12 27 + 12 + .12 6 + + 219 + 217 +1,276 6 + 266 + + _ Form Fft-283-a Released for publication Friday morning, October 29,1937; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Oct. 27,1937 Oct. 20.1937 Oct. 26. 1936 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves 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 I Bonds Treasury notes Treasury bills Total U. S. Government securities . . Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 9,126,391 9,421 315.-489 9,451,301 9,126,389 9,438 303,903 9,439,730 8,635,831 12,273 265,825 8,913,929 17,890 5,536 23,426 2,830 19,450 13,193 5,291 18,484 2,830 19,478 3,421 2,686 6,107 3,087 26,299 738,073 1,158,463 629,654 738,073 1,157,713 630,4o4 378,077 1,443,363 608,787 2,526,190 2,526,190 2,430,227 2,571,896 2,566,982 2,465,720 173 28,526 622,341 45,435 40,807 173 28,431 714,261 45,455 39,679 220 24,720 573,806 48,062 39,116 12,760,479 12,834,711 12,065,573 4,256,097 4,270,223 4,086,242 6,950,730 94,046 265,891 218,679 7,529,3^6 624,534 132,683 145,854 27,615 35,768 8,582 6,938,802 81,557 276,444 202,130 7,498,933 716,04l 132,679 145,854 27,615 35,769 7,597 6,732,003 99,903 65,479 154,170 7,051,555 577,408 130>241 l45}50l 27,088 34,236 13,302 12,760,479 12,834,711 12,065,573 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 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$ 80.2$ 2,326 1,855 14,488 *l4,554 *Revised. 80.0$ 22,790 Form FR-283-b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 27, 1937 (in thousands of dollars) ASSETS Total Boston New York Phila. Qold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash 9,126,391 451,13^ 3,608,896 483,494 9,421 96 1,515 1,032 315,489 29,196 82,278 25,022 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 686,405 302,920 227,294 1,743,061 276,868 192,907 276,757 181,750 694,905 690 525 1,385 782 934 515 175 312 1,460 16,516 17,049 13,969 39,078 17,759 6,680 21,228 16,945 29,769 Total reserves 9,451,301 480,426 3,692,689 509,548 703,611 320,494 242,648 1,782,921 295,561 200,102 298,160 199,007 726,134 Bills discountedi Secured by U.S.Gov't obligations, 184 498 262 120 255 direct or fully guaranteed 17,890 1,419 6,646 4,824 640 608 1,104 1,330 224 818 42 174 Other bills discounted 5,536 700 2,417 204 l4l 139 607 70 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities! Bonds Treasury notes Treasury bills Total U.S.Gov't securities Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 23,426 2,830 19,450 .2,119 205 2,902 738,073 53,791 1,158,463 84,429 629,654 45,889 9,063 1,016 4,672 5,028 291 3,637 211,830 62,330 332,485 97,832 180,714 53,174 781 268 804 747 110 1,875 1,711 98 149 71,851 38,868 32,428 112,775 61,007 50,899 61,296 33,159 27,664 1,400 352 774 255 78 244 294 54 664 1,080 79 502 408 79 1,122 540 200 2,105 81,339 32,543 24,010 36,267 28,816 64,000 127,668 51,079 37,684 56,921 45,233 100,451 69,391 27,763 20,482 30,939 24,585 54,598 2,526,190 184,109725,029 213,336245,922 133,034 110,991278,398 111,385 82,176 124,127 98,634 219,049 2,571,896 189,335 l4 173 530 28,526 622,341 61,781 45,435 3,015 40,807 2,385 739,780 222,292 56 19 7,636 1,006 152,666 50,894 10,005 4,847 12,075 5,112 247,775 135,766 112,949 8 7 17 l,6o4 3,392 2,260 59,200 54,912 21,500 6,254 2,728 2,202 4,361 2,554 1,517 280,924 111,962 83,188 125,788 100,243 221,894 23 o O A A " I ** 2 6 6 2 13 777 2,639 3,295 2,173 l,l4l 2,073 84,223 27,178 18,349 34,468 25,581 31,589 4,620 2,353 1,513 3,171 1,364 3,363 2,958 3,699 1,527 1,418 1,778 1,423 12,760,479 737,486 4,614,907 793,718 1,022,822 519,854 383,083 2,159,705 440,756 305,713 465,444 328,401 988,590 Form FR-283-c ASSETS JfliD LIABILITIES OF THE FEDERAL RESERVE BANKS OIJ OCTOBER 27, 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 circulation 4,256,097 284,259 947,960 315,096 DepositsJ Member bank - reserve account 6,950,730 342,537 3,109,994 358,728 U.S.Treasurer - General account 94,046 2,442 31,005 3,466 Foreign bank 265,891 19,412 95,972 26,059 Other deposits 218,679 2,314 160,453 6,276 452,948 214,153 166,284 1,009,614 202,081 126,369 242,730 186,296 538,996 10,071 4,617 3,345 4,575 2,369 11,922 9,4l6 6,775 4,043 30,846 7,977 6,116 7,712 7,712 18,880 24,464 11,434 9,307 1,401 182 2,854 17,450 5,885 2,659 11,554 3,865 3,786 7,529,346 366,705 3,397,424 394,529 498,382 236,227 183,420 1,051,932 220,560 138,489 255,199 199,231 587,2.48 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 624,534 62,327 132,683 9,385 145,854 9,826 27,615 2,874 35,768 1,570 8,582 540 148,226 50,009 51,077 12,259 51,474 13,362 7,744 4,325 9,117 3,000 1,885 1,138 433,776 214,537 165,611 58,541 54,107 21,238 12,943 4,877 4,391 14,323 4,86-9 5,616 1,007 3,422 754 3,121 1,497 1,690 729 318 363 977,705 180,530 138,670 165,192 90,256 342,505 85,116 29,014 19,042 35,000 27,778 34,136 12,899 21,504 l,4l6 7,721 1,412 3,844 4,655 545 1,200 408 2,891 3,116 1,003 2,027 475 4,065 3,613 1,142 941 292 3,878 10,174 3,851 9,645 1,262 2,121 1,847 2,037 298 724 12,760,479 737,486 4,614,907 793,718 1,022,822 519,854 383,083 2,159,705 440,756 305,713 465,444 328,401 988,590 Contingent liability on bills purchased 2,326 for foreign correspondents Comnitnents to make industrial 14,488 advances 157 955 210 198 92 75 249 65 49 62 62 152 1,839 4,934 144 875 1,687 354 10 1,035 51 117 269 3,173 MATURITY DISTRIBUTION OF BILLS AND SECURITIES mthin Total 15 days Bills discounted Bills bought Industrial advances U. S. Government securities 23,426 2,830 19,450 2,526,190 21,044 171 1,086 29,685 16 to 30 days 823 232 257 31,370 31 to 60 days 61 to 90 days 492 515 117 712 2,310 876 60,168 52,853 91 days tcJ 6 months 6 months to 1 Year 520 32 1,695 426,185 2,914 396,476 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 5,679 209,798 6,231 632,415 687,240 Form Fft-28>d FEDERAL RESERVE NOTE STATEMENT ON OCTOBER 27, 1937 (in thousands of dollars) Total Boston New York Federal Reserve notes: Issued to F.R.bank by F.R.agent Held by Federal Reserve bank In actual circulation Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 4,612,569 333,563 1,058,861 331,885 461,216 227,812 184,985 1,009,808 193,855 1^4,803 177,589 98,336 389,856 356,472 49,304 110,901 16,789 27,440 13,275 19,374 32,103 13,325 6,133 12,397 8,080 47,351 4,256,097 284,259 947,960 315,096 433,776 214,537 165,611 977,705 180,530 138,670 165,192 90,256 342,505 Collateral held by agent as security for notes issued to bank* Gold certificates on hand aad due from U. S. Treasury Eligible paper U. S.Gov't securities Total collateral -4,637,132 34-1,000 1,060,000 337,000 464,000 228,000 168,000 1,020,000 190,632 148,000 ISO,000 101,500 399,000 23,186 2,119 9,043 5,028 781 74-7 1,528 1,400 255 257 1,080 408 540 32,000 20,000 12,000 4,692,318 343,119 1,069,043 >42,028 464,781 228,747 189,528 1,021,400 202,887 l4S,257 181,080 101,908 399,540
@FedFRASER