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Form FR-283 STATEMENT R)R THE PRESS Board of Governors of the Federal Reserve System October 7, 1937. Released for publication Friday morning, Oct, 8; not earlier. CONDITION OF FEDERAL RESERVE BMXS During the week ended October 6 member bank reserve balances decreased #30,000,000. The reduction in member bank reserves arose from increases of ,000,000 in money in circulation, #51,000,000 in nonmember deposits and other Federal Reserve accounts, and $4,000,000 in Treasury cash other than inactive gold, offset in part by an increase of #10,000,000 in Reserve bank credit and a decrease of #64,000,000 in Treasury deposits with Federal Reserve banks. Excess reserves of member banks on October 6 were estimated to be approximately #1,090,000,000, an increase of #30,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to #1,23^,000,000 on October 6, an increase of #31,000,000 for the week. Changes in member bank reserve balances and related items during the week and the year ended October 6, 1937, were as follows! Increase or decrease since Oct. 6 1937 Sept. 29 1937 Oct. 7 1936 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 15 million commitments October 6) Other Reserve bank credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposit® with F. R. banks Nonmember deposits and other F. R. accounts 23 3 2,526 -1 +15 .— — .— +96 20 11 -1 +12 -7 +7 2,583 12,765 2,596 +10 +31 +111 +1,794 +87 7,003 6,569 3,610 76 686 -30 +-49 — -64 +51 +524 +264 +1,170 -120 +152 Form FR-283-a Released for publication Friday morning, October 8, 1937; not earlier, ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Oct. 6, 1937 Sept. 29,1937 Oct, 7, 1936 ASS E T S Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash 9,127,389 10,422 300,809 9,127,392 10,422 316,143 8,527,881 12,248 252,246 9,438,620 9,453,957 8,792,375 12,327 10,729 23,056 11,951 11,6^9 23,590 3,426 4,113 2,813 19,680 3,026 20,598 7,539 3,098 27,142 738,073 1,157,713 630,404 2,526,190 738,073 1,157,713 630,404 2,526,190 378,077 1,443,363 608,787 2,430,227 Tot|il bills and securities 2,571,739 Dueftromforeign banks 190 28,172 F. R. notes of other banks . . . . . . . 633,125 Uncollected items . * 45,456 Bank premises . . . 39,114 All other assets . 2,573,404 190 27,370 637,059 45,514 37,952 2,468,006 217 21,297 592,617 48,060 39,247 12,756,416 12,775,446 11,961,819 4,284,339 4,246,268 4,077,724 7,003,033 76,183 287,311 134,065 7,500,592 622,374 132,627 145,854 27,490 35,804 7,336 7,032,833 140,273 243,378 125,612 7,542,096 637,764 132,604 145,854 27,490 35,803 7,567 6,478,948 195,786 74,395 197,022 12,756,416 12,775,446 11,961,819 Total reserves . . . . Bills discountedi 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 J Bonds Treasury notes . . . . Treasury bi^ls . . . Total U.S.Government securities . , , TOTAL ASSETS LIABILITIES F. R. notes in actual ciactiLation . . . . 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 80.155 80.256 1,365 1,338 14,739 14,880 6,946,151 588,543 130,178 145,501 27,088 34,242 12,392 79,8% 22,906 Form FR-283-a ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 6, 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 9,127,389 468,813 3,544,646 496,297 700,855 309,827 240,178 1,714,630 278,909 198,455 288,809 188,386 697,584 Redemption fund - F.R.notes 10,422 261 1,894' 1,187 870 ~ "" 681 1,464 451 976 536 203 334 1,565 Other cash 300,809 27,394 15,326 13,410 40,007 15,500 6,353 19,685 15,344 28,058 79,978 25,378 14,376 Total reserves 9,438,620 496,468 3,626,518 522,862 Bills discounted: Secured "by U.S.Govt, obligations, direct or fully guaranteed 6,346 1,4)9 12,327 200 Other bills discounted 7,836 10,729 950 132 716,101 325,834 255,052 1,755,088 295,385 205,344 308,697 204,064 727,207 500 54 347 196 631 589 1,010 21 230 12 820 90 100 306 194 174 540 369 554 268 807 543 109 1,888 1,220 98 158 1,031 352 777 242 78 244 910 54 713 406 79 562 368 79 1,153 909 200 2,082 Total bills discounted 23,056 1,150 Bills bought in open market 2,813 205 Industrial advances 19,680 2,919 U. S. Government securities: Bonds 738,073 53,791 Treasury notes 1,157,713 84,374 630,4o4 45,944 Treasury bills 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 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 2,571,739 185,383 : 190 14 28,172 513 633,125 61,007 45,456 3,015 39,114 2,306 744,921 218,835 72 19 986 8,136 150,190 50,160 10,005 4,857 11,679 4,632 247,551 135,574 112*, 467 280,558 111,949 83,853 125,174 100,234 222,240 8 6 7 6 17 2 23 3 13 1,317 2,116 2,039 4,120 2,097 1,235 2,158 594 2,861 64,634 54,421 22,707 84,463 32,148 19,915 33,736 27,708 32,036 6,254 2,728 2,205 4,620 2,354 1,511 3,171 1,364 3,372 4,236 2,453 1,490 3,545 1,476 1,392 1,670 1,380 2,855 Total U.S.Govt, securities 14,182 1,000 4,710 1,541 291 3,667 » Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 12,756,416 751,706 4,551,521 802,351 1,040,110 523,134 395,967 2,132,417 445,412 313,252 474,612 335,350 990,584 Form FR-283-a ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BANKS ON OCTOBER 6, 1937 (in thousands of dollars) LIABILITIES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Iran. F.R. notes in actual circulation 4,284,339 286,884 959,063 313,064 Deposits: Member bank - reserve account 7,003,033 352,958 3,142,937 368,366 U.S.Treasurer - General account 76,183 3,592 10,789 4,780 Foreign bank 287,311 21,009 103,414 28,203 71,239 6,216 Other deposits 134,065 3,076 436,055 210,611 169,394 975,627 182,915 141,722 168,220 94,002 346,782 454,858 221,286 175,779 7,947 6,555 2,790 26,477 12,375 10,072 19,969 4,446 3,502 976,616 199,819 130,648 247,4l6 182,773 549,577 17,009 4,396 2,470 5,262 5,781 4,812 33,383 8,634 6,619 8,346 8,346 20,433 1,099 5,933 2,84o 208 3,810 11,727 Total deposits Deferred availability items Capital paid in Surplus (Section J) Surplus (Section 13 b) Reserve for contingencies All other liabilities 509,251 244,662 192,143 1,028,107 218,782 142,577 261,232 200,710 586,549 83,640 33,106 19,544 35,200 29,539 32,746 62,809 52,927 21,647 3,846 2,891 4,056 3,876 10,165 12,889 4,390 4,877 12-,935 4,6 55 3,116 3,613 3,851 9,645 21,504 4,869 5,6l6 14,323 545 1,003 1,142 1,262 1,996 1,416 3,422 754 1,007 1,200 7,749 2,034 1,497 941 1,847 2,037 1,691 3,121 363 1,485 365 269 208 664 332 263 609 TOTAL LIABILITIES 7,500,592 380,635 3,328,379 437,565 622,374 60,057 143,027 48,132 132,627 9,383 51,061 12,258 145,854 9,826 51,474 13,362 27,490 2,874 7,744 4,325 35,804 1,570 9,117 3,000 7,336 477 1,656 645 12,756,416 751,706 4,551,521 802,351 1,040,110 523,134 395,967 2,132,417 445,412 313,252 474,612 335,350 990,584 Contingent liability on bills purchased for foreign correspondents 1,365 Commitments to make industrial advahces 14,739 97 511 131 123 57 47 155 40 31 39 39 95 1,922 4,987 l4o 888 1,745 310 10 1,035 52 117 301 3,232 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U. S. Government securities 23,056 2,813 19,680 2,526,190 ¥ithin 15 days l6 to 30 days 31 to 60 days 6l to 90 days 21,306 — 1,009 25,282 291 49 290 30,190 954 278 664 60,794 318 2,486 903 59,486 91 days to 6 months 6 months to 1 Year 183 — 1,655 4l4,897 4 — 2,910 406,838 1 Year to 2 Years 2 Years to 3 Years Over 5 Years — — 5,526 209,798 6,723 631,653 687,252 Form FR-2S3-d FEDERAL RESERVE NOTE STATEMENT ON OCTOBER 6, 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.a^ent 4,609,199 331,54? 1,056,697 330,598 465,291 220,780 186,774 1,006,622 194,955 146,256 177,696 101,672 390,311 Held by Federal Reserve bank 324,860 44,663 97,634 17,534 29,236 10,169 17,330 30,995 12,040 4,534 9,476 7,670 43,529 Totaln actual circulation 4,284,339 286,884 959,063 313,064 436.,055 210,611 169,394 975,627 182,915 l4l,722 168,220 94,002 346,782 Collateral held by agent as security for notes issued to bank: 3-oId certificates on hand and due from II. S. Treasury Eligible paper U. S. Gov't securities Total collateral 4,636,132 336,000 1,060,000 337,000 470,000 221,000 171,000 1,020,000 190,632 146,000 180,000 105,500 399,000 22,822 1,150 1-4,167 1,542 554 473 1,073 1,031 2.42 909 406 368 907 32,000 — — — — — 20,000 — 12,000 — 4,690,954 337,150 1,074,167 338,542 470,554 221,473 192,073 1,OSS,031 202,874 146,909 1S0,406 105,868 399,907
@FedFRASER