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Form FR-283 STATEMENT FOR THE PRESS Released for publication Friday morning, Sept, 2AJ not earlier. Board of Governors of the Federal Reserve System September 23, 1937 CONDITION OF FEDERAL RESERVE BANKS During the week ended September 22 member bank reserve balances increased $112,000,000. Additions to member bank reserves arose from decreases of #25,000,000 in money in circulation and $155,000,000 in Treasury deposits with Federal. Reserve banks and an increase of |3,000,000 in Treasury currency, offset in part by an increase of $4-9,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of 020,000,000 in Reserve bank credit. Excess reserves of member banks on September 22 were estimated to be approximately $1,020,000,000, an increase of $140,000,000 for the week. Inactive gold included in the gold stock and Treasury cash amounted to $1,162,000,000 on September 22, an increase of $4-2,000,000 for the week. Changes in member bank reserve balances and related items during the week and £he y ear ended September 22, 1937, were as follows t Increase or decrease since Sept. 22 1937 Sept. 15 1937 Sept. 23 1936 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 15 million commitments - September 22 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 +1 +17 _ — — — — +96 _ - — 21 3 -22 -8 -1 2,578 12,694 2,593 -20 +43 +3 +105 +1,908 +84 6,977 6,529 3,537 193 628 +112 -25 +42 -155 +49 +752 +290 +1,138 -195 +110 Form FR-283-a Released for publication Friday morning, September 2.4, 1937? not earlier. ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Sept, 22, 1937 Sept, 15,1937 Sept. 23,1936 ASSETS Gold certificates on hand and due from U. S. Treasury . . . . Redemption fund - 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 . 9,129,890 8,663 308,416 9,129,890 9,192 296,320 9,435,402 8,384,679 12,850 267,059 8,664,588 13,356 10,839 24,195 3,026 20,601 13,151 10,047 23,198 3,067 20,603 3,226 3,805 7,031 3,098 28,550 738,073 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 2,574,012 2,573,058 2,468,906 Bank premises All other assets . . . 190 27,419 693,328 45,417 37,292 231 29,143 859,544 45,428 36,704 217 27,293 578,531 48,059 38,420 TOTAL ASSETS 12,824,627 12,979,510 11,826,014 4,253,156 4,271,313 4,033,849 6,977,186 193,490 237,332 124,734 7,532,742 6,864,732 347,686 199,837 312,978 6,224,640 388,351 64,862 190,268 690,025 132,605 145,854 27,490 35,803 6,952 7,52.5,233 834,534 132,590 145,854 27,490 35,803 6,693 6,868,121 574,758 130,163 145,501 27,088 34,241 12,293 12,824,627 12,979,510 11,826,014 Total bills and securities .... Due from foreign banks F.R. notes of other banks 9,446,969 L I A B I L I T I E S F. R. notes in actual circulation . . Depositsi 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 . . . . 80.2$ 1,543 1,579 Commitments to make industrial advances 14,970 15,021 80.0% 79.5$ — — 23,397 Form Fft-283~b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 22, 1937 (in thousands of dollars) ASSETS Total Boston New York Phila. Gold certificates on hand and due from U. S. Treasury 9,129,890 45,2,897 3,561,454 499,119 Redemption fund - F.R. notes 8,663 295 1,035 244 Other cash 308,4l6 28,173 77,695 22,854 Total reserves 9,446,969 481,365 3,640,184 522,217 Bills discountedt Secured by UcP.Gov't obliga UJ-UIlSj direct or fully guaranteed 13,356 Other bills discounted 10,839 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 710,322 295,463 232,014 1,731,462 277,034 195,032. 293,323 188,230 693,54) 939 456 1,502 518 991 543 214 343 1,583 17,094 19,004 15,013 44,213 15,854 7,348 19,862 13,312 27,994 728,355 314,923 248,529 1,776,193 293,879 202,923 313,399 201,885 723,117 6,782 8,432 676 10 758 55 338 220 463 491 1,710 436 55 410 88 318 248 165 2.18 515 297 1,510 ' 15,214 220 1,075 2,993 5,379 686 813 288 820 558 954 106 175 1,710 378 807 491 85 250 498 566 812 59 719 85 579 303 85 1,162 785 725 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 84j374 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.Govt, securities 2,526,190 184,109 725,029 213,336 245,922 133,034 110,991 278,398 111,385 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 2,574,012 188,832 190 l4 27,419 506 693,328 62,980 45,417 3,019 37,292 2,236 746,697 218,068 72 19 6,319 1,160 176,642 57,798 10,021 4,868 3.0,544 4,513 247,843 135,632 112,226 17 8 7 1,924 1,543 2,134 65,166 61,129 23,789 6,267 2,737 2,206 4,118 2,396 1,442 281,293 112,211 83,452 125,357 100,264 222,137 23 3 2 6 6 13 2,732 2,638 1,717 1,8-41 517 4,388 90,849 29,333 20,688 35,758 29,292 39,904 4,633 2,357 1,514 3,177 1,246 3,372 3,425 l,4ll 1,350 1,642 1,477 2,738 TOTAL ASSETS 24,195 3,026 20,601 313 3,733 117 1,923 215 2,061 82,176 124,127 98,634 219,049 12,824,627 738,952 4,590,479 808,643 1,053,690 518,368 390,333 2,159,148 441,832 311,646 481,180 334,687 995,669 Form Fft-283~b ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 22, 1937 (In thousands of dollars) L I A B I L I T Total Boston F.R. notes in actual circulation Deposits s 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 ,253,156 285,224 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 946,302 316,588 438,106 203,083 166,608 973,452 180,054 139,980 166,769 93,259 343,731 6,977,186 336,381 3,147,898 362,969 193,490 10,768 50,878 9,686 237,332 16,707 91,089 22,428 2,219 58,992 6,192 124,734 452,029 212,605 167,199 24,656 14,153 8,294 21,056 9,841 8,010 22,071 4,879 3,820 987,628 199,4l6 130,217 253,453 179,417 547,974 34,268 7,984 3,670 7,877 8,595 12,661 26,548 6,866 5,264 6,637 6,637 16,249 2,o4l 6,214 3,098 183 3,6l4 ll,4ll 7,532,742 366,075 3,348,857 401,275 519,812 241,478 187,323 .,050,485 2.20,480 142,249 268,150 198,263 588,295 63,788 58,876 23,62L 90,245 30,706 20,026 36,269 32,089 39,197 4,876 4,394 2,891 3,852 12,935 12,862 4,053 3,875 10,170 4,869 4,655 5,616 3,116 14,323 21,504 3,851 3,613 9,645 3,422 545 754 1,003 1,007 l,4l6 1,142 1,262 1,996 1,200 2,034 1,690 7,749 3,121 1,497 1,847 941 2,037 267 340 327 347 1,435 598 241 243 598 690,025 63,534 9,383 132,605 145,854 9,826 2,874 27,490 1,570 35,803 466 6,952 174,396 57,278 51,057 12,257 51,474 13,362 7,744 4,325 9,117 3,000 1,532 558 12,824,627 738,952 4,590,479 808,643 1,053,690 518,368 390,333 2,159,148 441,832 311,646 481,180 334,687 995,669 Contingent liability on bills purchased 1,543 for foreign correspondents Commitments to make industrial 14,970 advances 113 557 151 142 66 54 1,935 5,086 l4o 921 1,749 311 46 35 45 45 110 10 1,037 52 120 301 3,30S 179 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U.S.Government securities Total tithin 15 days 16 to 30 days 31 to 60 days 24,195 3,026 20,601 2,526,190 21,219 1,200" 1,133 26,006 1,429 391 209 850 1,235 56.1 59,729 25,282 61 to 90 days 556 91 days to 6 months 6 months to 1 Year 1 Year to 2 Years 2 Years to 5 Years Over 5 Years 3,246 435,283 5,693 209,798 7,213 631,653 687,252 138 200 723 63,358 1,823 387,829 Form Fft-283~b FEDERAL RESERVE HOTE STATEMENT ON SEPTEMBER 2.2, 1937 (in thousands of dollars) Total Boston !3ew York Phila. Cleve. Rich. Atlanta Federal Reserve notesl Issued to F.R- bank by F.R.agent 4,613,505 331,193 1,056,051 336,424 470,738 212,622 185,292 Held by Federal Reserve bank 360,349 45,969 109,749 19,836 32,632 9,539 18,684 In actual circulation 4,253,156 285,224 946,302 316,588 438,106 203,083 166,608 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 008,308 194,122 144,952 177,368 104,465 391,970 34,856 l4,068 4,972 10,599 11,206 48,239 973,452 180,054 139,980 166,769 93,259 343,731 Collateral held by agent as security for notes issued to bank* Gold certificates on hand and due from U. S. Treasury 4,633,132 336,000 1,060,000 337,000 473,000 215,000 171,000 1,020,000 190,632 146,000 180,000 105,500 399,000 Eligible paper 22,755 1,510 l4,0'45 686 813 488 796 1,710 450 498 566 383 810 U. S. Gov't securities 32,000 20,000 12,000 Total collateral 4,687,887 337,510 1,074,045 337,686 473,813 215,488 191,796 1,021,710 203,082 146,498 180,566 105,883 399,810
@FedFRASER