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Form FR-283 STATEMENT FOR TtiE PRESS Released for publication Friday morning, Sept. 3 J not earlier. Board of Governors of the Federal Reserve System September 2, 1937 ' CONDITION OF FEDERAL RESERVE BANKS During the week ended September 1 member bank reserve balances increased $1,000,000. Additions to member bank reserves arose from increases of $14,000,000 in Reserve bank credit and $8,000,000 in Treasury currency and from decreases of $21,000,000 in nonmember deposits and other Federal Reserve accounts and $5,000,000 in Treasury deposits with Federal Reserve banks, offset in part by increases of $37,000,000. in money in circulation and $11,000,000 in Treasury cash other than inactive gold. Excess reserves of member banks on September 1 were estimated to be approximately $750,000,000, a decrease of $10,000,000 for the week. Inactive gold included in the gold stock and in Treasury cash amounted to $1,335,000,000 on September 1, an increase of $25,000,000 for the week. The principal change in holdings of bills and securities was an increase of $5,000,000 in discounted bills. Changes in member bank reserve balances and related items during the week and the year ended September 1, 1937, were as follows! Increase or decrease since Sept. 1 1937 Aug. 25 1937 Sept. 2 1936 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 15 million commitments - September 1) 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 24 3 2,526 21 5 +5 +15 _ _ +96 — +9 -8 +13 2,579 12,567 2,585 +14 +26 +8 +116 +1,850 +83 6,731 6,532 3,719 156 '593 +1 +37 +36 -5 -21 +290 +307 +1,344 +49 +58 — Form FR-283-a Released for publication Friday morning, September 3, "1937; not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Sept. 1, 1937 Aug. 25,1937 Sept. 2.1936 ASSETS Qold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Bills discountedj 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 securitiesJ Bonds Treasury notes Treasury bills Total U.S.Government securities . . . Other securities Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items . Bank premises All other assets TOTAL ASSETS 8,831,389 8,949 294,237 9,134,575 8,831,948 9,423 308,865 9,150,236 8,334,034 12,625 268,885 8,615,544 12,915 10,811 23,726 3,076 20,785 11,312 7,391 18,703 3,077 20,929 4,561 4,04l 8,602 3,095 2.8,522 738,073 1,157,713 630,4o4 2,526,190 ~ 2,573,777 221 27,785 625,356 45,423 45,515 737,073 1,157,713 631,4o4 2,526,190 2,568,899 220 24,200 580,791 45,479 44,726 324,721 1,496,719 608,787 2,430,227 181 2,470,627 220 25,346 544,120 48,056 44,581 12,452,652 12,414,551 11,748,494 4,260,604 4,234,680 4,020,920 6,731,214 156,264 189,657 146,887 7,224,022 620,482 132,594 145,854 27,490 35,839 5,767 6,729,546 160,885 200,205 156,059 7,246,695 584,978 132,531 145,854 27,490 35,838 6,485 6,440,622 107,236 50,267 229,285 6,827,410 552,398 130,163 145,501 27,088 34,236 10,778 12,452,652 12,4l4,551 11,748,494 LIABILITIES F. R. notes in actual circulation . . . Deposits I 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 79.5% 79,7% 1,873 1,932 15,4o4 15,179 79.4$ 23,699
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