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Form FR-283-a STJETEMEHT FOR THE PRESS Released for publication Friday morning, Sept. 17; not earlier, Board of Governors of the Federal Reserve System September 16, 1937* CONDITION OF FEDERAL RESERVE BANKS During the week end£d Septembe^l^Jiember bank reserve balances increased $155,000,000. Additions to member bank reserves arose from decreases of $308,000,000 in Treasury cash other than inactive gold and $>43,000,000 in money in circulation and increases of $26,000,000 in Reserve bank credit and $3,000,000 in Treasury ciirrency, offset in part by increases of $218,000,000 in Treasury deposits with Federal Reserve banks and $8,000,000 in nonmember deposits and other Federal Resefrvje accounts. Excess reserves of member banks on September 15 were estimated to be approximately $880,000,000, an increase of $120,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to $1,120,000,000 on September 15, a decrease of $253,000,000 for the week. During the week 0300,000,000 was withdrawn, from the inactive gold account and deposited in the Federal Reserve banks. Changes in member bank reserve balances and related items during the week and the year ended September 15, 1937, were as follows! Increase or decrease since Sept. 15 1937 Sept. 8 1937 Sept. 16 1936 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 15 million commitments - September 15) Other Reserve bank credit Total Reserve bank credit Gold stock Treasury currency Member bank reserve balances Money in circulation Treasury cash Treasury deposits with F. R. banks Uonaenber deposits and other F. R. accounts 23 3 2,526 21 25 -1 +15 — — +96 -8 — +26 — 2,598 12,651 2,590 +26 +47 +3 +103 +1,889 +83 6,865 6,554 3,^95 343 579 +155 -43 -261 +218 +8 +659 +299 +1,124 -70 +65 Form FR-283-a Released for publication Friday morning, September 17, 1937$ not earlier, ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Sept. 15, 1937 Sept. 8, 1937 Sept. 16,1936 8,830,890 8,964 271.2.48 9,111,102 8,386,071 12,102 263,529 8,661,702, 12,187 11,372 3,952 4,059 23,198 3,067 20,603 23,559 3,076 20,709 8,011 3,096 28,521 738,073 1,157,713 630,404 738,073 1,157,713 630,404 378,077 1,443,363 608,787 2,526,190 2,526,190 2,430,227 2,573,058 231 29,l43 859,544 45,428 36,704 2,573,534 221 23,057 569,257 45,425 46,931 2,469,855 219 26,320 780,969 48,058 37,888 12,979,510 12,369,527 12,025,011 4,271,313 4,295,483 4,045,458 6,864,732 347,686 199,837 112,978 7,525,233 834,534 132,590 145,854 27,490 35,803 6,693 6,709,993 130,390 200,427 113,616 7,154,426 570,618 132,588 145,854 27,490 35,838 7,230 6,205,735 417,924 56,762 193,937 6,874,358 756,014 130,185 145,501 27,088 34,240 12,167 12,979,510 12,369,527 12,025,011 A S S E T S Gold certificates on hand and due from U. S.Treasury 9,129,890 Redemption fund - F. R. notes . . . . 9,192 Other cash 296,320 Total reserves 9,435,402 Bills discounted» Secured by U.S.Govt, obligations,direct or fully guaranteed 13,151 Other bills discounted 10,047 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities: 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 L I A B I L I T I E S F. R. notes in actual circulation . . Deposits t 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 80,0$ 7?.6% 1,579 1,727 15,021 15,236 79,3% 23,543 Form FR-283-a ASSETS .AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 15, 1937 (in thousands of dollars) A S S E T S Total Boston New York Phila. Gold certificates on hand and due from U. S. Treasury9,129,890 460,464 3,542,215 487,79-4 Redemption fund - F.R.notes 9,192 306 1,119 345 Other cash 296,320 26,144 77,906 22,342 Total reserves Bills discounted* 9,435,402 486,914 3,621,240 510,481 Cleve. Rich. Atlanta 728,258 322,600 251,185 1,775,832 293,016 203,381 313,631 202,403 726,461 7,649 7,958 802 19 970 48 363 314 1,005 525 23,198 T o t a l bills discounted 84 5 Bills bought in open market 224 3,067 2,954 Industrial advances 20,603 U. S. Government securities* Bonds 738,073 53,791 Treasury notes 1,157,713 84,374 630,4o4 45,944 Treasury bills 15,607 1,083 5,387 821 318 3,739 1,018 293 809 677 120 1,929 211,831 332,269 180,929 62,330 97,768 53,238 71,850 112,703 61,369 38,868 60,968 33,198 13,151 10,047 t Minn. Kans.Cy. Dallas San Fran. 710,139 304,465 234,019 1,734,265 276,504 196,183 295,577 188,329 699,936 986 493 1,552 581 1,006 551 239 361 1,653 17,133 17,642 15,614 40,986 15,506 6,647 17,815 13,713 24,872 520 325 direct or fully guaranteed Other bills discounted Chicago St .Louis 160 — 426 135 250 62 348 176 151 302 1,530 107 175 160 384 807 561 86 264 312 60 732 524 87 580 453 87 1,166 32,428 50,866 27,697 81,340 127,584 69,474 32,543 51,046 27,796 24,009 37,661 20,506 36,266 56,885 30,976 28,818 63,999 45,202 100,387 24,614 54,663 98,634 219,049 - 507 183 690 218 2,061 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 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 2,573,058 :188,132 17 231 598 29,143 859,544 86,030 . 45,428 3,019 36,704 2,176 747,106 218,214 94 22 1,036 8,095 215,017 63,942 4,868 10,021 4,469 10,417 248,042 135,760 :112,803 8 20 9 1,964 1,580 2,144 86,186 73,081 27,618 2,208 6,267 2,737 4,048 2,361 1,422 279,749 112,296 26 4 3,569 1,572 121,189 37,183 2,357 4,633 3,334 1,387 83,280 125,318 100,3^0 222,018 6 6 16 3 654 4,064 1,884 1,983 24,160 42,474 35,382 47,282 1,246 3,381 1,514 3,177 1,461 2,685 1,327 1,617 TOTAL ASSETS 12,979,510 766,886 4,611,990 803,032 1,074,401 538,692 397,208 2,188,332 447,815 315,549 488,206 341,4923005,907 Form FK-283-c ASSETS AND LIABILITIES OF THE FEDERAL RESERVE B A M S OH SEPTEMBER 15, 1937 (in thousands of dollars) L I A B I L I T I E S New York Phila. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 955,661 318,780 F.R.notes in actual circulation 4,271,313 287,788 Deposits! Member bank — reserve account 6,864,732 350,606 2,970,602 361,238 240,003 4,255 Foreign bank 199,837 14,621 71,853 19,628 46,716 Other deposits 112,978 2,323 6,555 439,229 203,779 167,152 Total deposits Deferred availability items Capital paid in Surplus (Section 7 ) Surplus (Section 13 b) Reserve for contingencies All other liabilities 520,453 249,333 190,034 .1,049,287 219,010 143,638 270,578 200,617 592,389 32,799 70,688 27,246 118,998 38,008 22,745 40,894 37,244 44,598 12,935 4,877 4,394 12,862 3,84l 2,891 4,053 3,870 10,169 14,323 4,869 5,6l6 21,504 4,655 3,116 3,613 3,851 9,645 1,007 3,422 754 l,4l6 545 1,003 1,142 1,262. 1,996 3,121 1,497 1,690 7,749 1,200 2,034 94l 1,8^7 2 £37 534 227 322 1,316 4l5 32.1 223 230 624 TOTAL LIABILITIES for foreign correspondents Commitments to make industrial advances 7,525,233 369,044 3,329,174 391,676 834,534 85,992 206,235 59,087 132,590 9,380 51,061 12,257 145,854 9,826 51,474 13,362 27,490 2,874 7,744 4,325 35,803 1,570 9,117 3,000 6,693 412 1,524 545 462,672 17,113 18,427 22,241 8,612 5,363 7,010 3,908 975,200 180,l4l 139,801 166,762 24,740 23 233 2,512 5,801 4,607 2,013 5,953 6,009 6,257 9,501 5,808 191 92,571 344,449 8,080 10,757 5,808 14,221 11,344 4,236 12,979,510 766,886 4,611,990 803,032 1,074,401 538,692 397,208 2,188,332 447,815 315,549 488,206 341,492. 1,005,907 1,579 97 729 130 122 57 47 154 40 31 39 39 94 15,021 1,958 5,089 140 925 1,758 312 10 1,037 52 120 302 3,318 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U.S .Government securities Total Within 15 days 16 to 30 days 23,198 3,067 20,603 2,526,190 21,223 1,271 887 28,366 44 5 391 422 27,472 31 to 60 days 61 to 90 days 854 723 423 57,034 603 682 728 59,655 91 days to 6 months 6 months to 1 Year 72 1 2,060 386,572 3,119 438,388 - - 1 Year to 2 Years 2 Years to 5 Years — — — _ - — — — 5,742 209,798 7,222 631,653 Over 5 Years — — — — 687,252 Form Ffi-283-d FEDERAL RESERVE NOTE STATEMENT ON SEPTEMBER 15, 1937 (In thousands of dollars) Total Boston Hew York Phila. Federal Reserve notes: issued to F.R.bank by F.R.agent A,620,315 331,395 1,060,440 334,223 Held by Federal Reserve bank 349,002 43,607 104,779 15,443 In actual circulation 4,271,313 287,788 955,661 318,780 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 469,490 213,594 186,130 1,009,604 195,746 144,647 178,600 103,131 393,315 30,261 9,815 18,978 34,4o4 15,605 4,846 11,838 10,560 48,866 439,229 203,779 167,152 975,200 180,l4l 139,801 166,762 92,571 344,449 Collateral held by agent as .security for notes issued to banki Gold certificates on hand and due from U. S. Treasury 4,632,132 336,000 1,060,000 337,000 Eligible paper 22,807 845 15,443 822 U. S. Gov't securities 32,000 Total collateral 4,686,939 336,845 1,075,443 337,822 473,000 215,000 171,000 1,020,000 190,632 146,000 180,000 104,500 399,000 1,018 607 1,490 160 445 312 524 453 688 - 20,000 - 12,000 474,018 215,607 192,490 1,020,160 203,077 146,312 180,524 104,953 399,688
@FedFRASER