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STATEMENT FOR THE PRESS Released for p u b l i c a t i o n Friday morning, Apr. 19; not e a r l i e r . B-SOl Federal Reserve Board A p r i l IS, 1935. CONDITION OF FEDERAL RESERVE B/iKS. The d a i l y average volume of Federal Reserve "bank c r e d i t outstanding during the week ended A p r i l 1 7 , as reported by the Federal Reserve banks, was $2,^76,000,00Q t an increase of $15,000,000 compared with the preceding week and a decrease of $28,000,000 compared with the corresponding week in 1934* On A p r i l 1J t o t a l Reserve bank c r e d i t amounted to $2,^70,000,000, an increase of $7,000,000 f o r the week. This increase corresponds with increases of $21^,000,000 in member bank reserve balances, $51,000,000 in nonmember deposits and other Federal Reserve accounts and $25,000,000 in money in c i r c u l a t i o n , o f f s e t in part by an increase of $58,000,000 in monetary gold stock and a decrease of $227,000,000 in Treasury cash and deposits with Federal Reserve "banks. R e l a t i v e l y small changes were reDorted in holdings of discounted and purchased b i l l s and of United States Government s e c u r i t i e s . Industrial advances show an i n crease of $5,000,000. Changes in the amount of Reserve bank c r e d i t outstanding and in related items during the week and the year ended A p r i l 17, 1935, wer ® as f o l l o w s : Increase or decrease since Apr. 17 193*? Apr. 10 195? (In m i l l i o n s of Apr. 18 19^ dollars) B i l l s discounted B i l l s bought U. S, Government s e c u r i t i e s I n d u s t r i a l advances (not including 17 m i l l i o n commitments - A p r i l 17) Other Reserve bank c r e d i t 7 5 2,^31 +1 -33 -g +1 26 l +5 +1 +26 -g TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and national bank currency 2,1+70 8,672 2,5^9 +7 +5S -23 +926 +l6s Money in c i r c u l a t i o n Member bank reserve balances Treasury cash and deposits with F*R.banks Nonmember deposits and other F,R. accounts 5,512 ^,501 3.1^9 522 +25 +214 -227 +51 +1 —« — +165 +836 -55 +124 Released, f o r p u b l i c a t i o n Friday morning, A p r i l 19;1935; not e a r l i e r B-801a ASSETS AFD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS 00MB IKED (In thousands of dollars) Agr. 17,1235. Apr. IOJ.235. Apr. 18.193*+ A S S E T S Gold, c e r t i f i c a t e s on hand and due from U. S. Treasury Redemption fund - F . . R. - notes Other cash . . . . 5.682,857 16,881 Total reserves Redemption fund - F . R. bank notes . . . BilJ.3 discounted: Secured by U . S . G o v ' t , o b l i g a t i o n s , d i r e c t and/or f u l l y guaranteed Other b i l l s discounted . Total b i l l s discounted Total U.S.Government 31.^98 3,332 2,818 3.201 32,032 26,163 6,019 5,307 21,256 ^0,473 13,^99 383,461 560.060 384,105 1,488,666 ,557»66Q 406,277 1,207,603 2,430,853 2,430,431 3,329 1,^87.332 Other s e c u r i t i e s 4,476,979 237.245 5,^7,13^ 5.302 securities 17,067 228.205 5.927.9^3 6,661 B i l l s bought in open market I n d u s t r i a l advances . . . . U. S. Government s e c u r i t i e s : Bonds Treasury notes . . . . . C e r t i f i c a t e s and b i l l s » 5.592,822 224.832 ^,733.309 8,226 s,44i 816.384 2,430,264 562 Total b i l l s and s e c u r i t i e s . . . . 2,468,979 2,453,013 Due from f o r e i g n banks . . . . . . . . . F . R. notes of other banks . . . . . . . Uncollected items . . . . . . . . . . . . Bank premises . . . A l l other a s s e t s . . . . . . . • • • 2,484,798 705 16,057 700 3,130 15,905 TOTAL ASSETS 5^9,846 49,617 15,933 434,605 ^9,615 ^.019 181.178 8,855,019 7.972,449 3,178.871 3,169.329 3,029.647 ^,501,203 205,419 4,286,830 393,068 3,665,012 17,817 ^,565 162^3 >+,977,537 K904,137 5^9,980 ^35,255 146,966 144,893 14,820 3.900,897 488,075 146,383 —39,685 9,052,832 493,347 52,556 L I A B I L I T I E S F.R. notes in a c t u a l c i r c u l a t i o n F.R. bank note c i r c u l a t i o n - net Deposits: Member bank - reserve account . U.S.Treasurer - General account Foreign bank , Other deposits . . . . . . Total deposits » . Deferred a v a i l a b i l i t y items Capital paid in Surplus (Section 7) . . . , Surplus (Section 13 b) . . . Reserve f o r contingencies . A l l other l i a b i l i t i e s . . . TOTAL LIABILITIES 22,319 146,957 144,893 14,924 30,807 8.863 9,052,832 206.422 30,805 8.814 8,855,019 Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . , , Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents , 72.7$ 4o 48 Commitments to make i n d u s t r i a l advances 16,687 16,315 72.4$ 83,102 68,977 138,383 22,529 163,^3. 7,972,449 68.3$ 4,669 ASSETS AM) LIABILITIES OF THE FEDERAL RESERVE BASES ON APRIL 17, 1935 (In thousands of dollars) ASSETS Total Boston Hew York Phi l a . Cleve. Rich. Atlanta Chicago St.Louis B-801b Minn. Kans.Cy. Dallas San Fran. Sold certificates on hand and due from U. S. Treasury 5,682,857 4l4,319 2,180,318 290,572 440,497 179,261 118,297 1 , 1 5 1 , ^ 7 170,912 132,737 192,989 91,879 319,623 Redemption fund - F . R. notes 16,881 210 1,368 1,750 816 2,07S 3,053 2,682 344 432 87O 156 3 122 Other cash 228,205 24,224 65,335 31,544 9,202 9,042 11,950 25,279 10,450 11*097 10,319 5,344 I3I713 Total reserves ,5.927,9^3 ^3*.753 2,247,021 323,972 451,121 190,381 133.300 1 , 1 7 9 , 1 8 1 , 7 0 6 144,266 2 0 4 , 1 7 s 97,379 336,1+53 Bills discounted: Secured by U.S.Gov't, obligations, direct and/or fully guaranteed 3,332 7jk l,4b7 338 96 237 65 13 60 29 138 115 Other b i l l s discounted 3,329 92 2,493 165 22 62 113 12 3 2 72 253 40 Total b i l l s discounted Bills bought in open market Industrial advances U. 3 . Government securities: Bonds 6,66l 5,302 866 390 26,163 2,187 333,^61 23,099 2,027 503 536 191 12 62S 99 79 101 1U3 6,117 3.720 1,337 3,612 1,050 2,208 5I+3 1,950 971 131,0^5 25,018 30,1*00 13,484 39,107 50.2S0 22,501 49,280 248,736 91.827 15,869 66,607 25,724 16,580 162,813 16,206 70,233 27,124 39,569 15,407 65,962 25,475 3,960 118 504 299 196 178 l6 62 138 155 371 1,789 679 391 19,485 27,588 4 1 , 1 1 2 119,566 15,878 4 6 , 1 7 7 Treasury notes Certificates and b i l l s Total U.S.Govt, securities, 1,487,332 97,085 56o,o6o 37,494 2,430,853 157,678 445,460 102,995 131.7^5 739,318 167,120 213,025 113,563 94,247 389,243 108,200 71,209 106,844 76,475 Total b i l l s and securities 2,468,979 1 6 1 , 1 2 1 751,^22 171,279 2 i 4 , q s 4 117,670 95,666 392,691 108,858 73,300 108,059 78,793 194,536 282 3,461 139,074 11,724 25,449 25 932 18,929 2,325 1,749 4 881 13,706 1,580 651 18 302 22,506 1,685 870 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises A l l other assets TOTAL ASSETS 705 16,057 549,846 49,617 39,685 53 330 233 3, lbS 638 5*. 72 373 41,993 4,579 4,463 67 1,056 50,417 6,629 2,880 26 1,805 45,954 3,028 1,276 52.262 85 2,126 78,430 4,955 684 5 1,646 23,490 2,628 236 15,q6q 19 1,259 32,5^2 3,447 273 193.331 49 i,ss6 27,972 3,869 516 9,052,832 658,896 & 178,^33 5^7,331 727,15^ 360,140 252,926 1,658,379 312,569 234,32s 349,777 201,553 565,286 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 1 7 , 1935 (In thausands of dollars) L I A B I L I T I E S Total F.R»notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account U.S.Treasurer - General account Foreign bank Other deposits Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus (Section 7) Surplus (Section 1 3 b ) Reserve for contingencies A l l other l i a b i l i t i e s TOTAL LfiLBILITIES Boston 3*178,871 267,608 New York Phila. 665,445 239,220 Cleve, Rich. A t l a n t a 312,032 153,875 127,329 1,923.301 222,646 31^,175 137,592 2kl 1 0 , 9 ^ 142,530 3,817 2,197 8,294 1,598 821 2,108 177.582 6.803 6.469 5,973 6.082 ^,501,203 292,598 205,419 ^,905 22,319 88,897 Chicago St.Louis 721,3^8 13.945 2,976 2,57^ ^19 125,342 ^,587 666 12.062 ^,977,537 311,074 2,251,707 231,887 333,31^ i4S,699 94,396 741,286 1^2,657 5^9,980 55,^12 81,973 24,958 138,376 42,I4I >+9,854 43,660 17,632 4,402 146,957 10,770 5,035 59,578 15,178 13,125 12,794 4,072 9,902 144,893 5,54O 5,186 49,964 13,470 14,371 4,655 21,350 14,924 2,165 1,007 754 1,778 2,085 2,098 547 1,391 30,807 7,501 3,000 l,4i6 2,600 l,64s 891 2,996 5,325 8,863 4.084 445 184 21Z_ M. 328 1,7^9 9,052,832 658,896 3,178,433 5^7,331 727,15^ 360,i4o 252,926 1,658,379 318,569 Ratio of t o t ^ l reserves to deposit and 72.7 I . R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 40 Commitments to make i n d u s t r i a l advances l6 > ggy 75.8 77;o 68.8 3 15 2,671 6,255 69.9 62.9 60a 76.9 ** 4 l 1 ^73 1,437 998 726 Minn. Kans.Cy, Dallas San Fran. 792,511 l40,46l 104,508 120,287 1,724 799 B~g01c 64.2 5 501 47,214 208,315 97,715 181,296 112,160 278,129 4,424 810 4,488 12,999 577 533 599 1,553 8.110 1.348 2,95^ 14.818 107,172 187,667 120,179 307,499 13,600 32,282 24,070 26,022 4,032 3,133 4,018 10,820 3,613 3,^20 9,645 3,777 775 1,003 695 626 815 1,211 1,363 2,041 341 306 306 24S_ 234,388 3^9,777 201,553 565,286 68.2 66,3 5S.2 65.2 1 1 1 l 3 1,487 35 384 160 1,560 MATURITY' .DISTRIBUTION OF BILLS A1ID SECURITIES Total B i l l s discounted B i l l s bought in open market Industrial advances U. S . Groveraaeent s e c u r i t i e s 6,661 5,302 26,163 2,430,853 Within 15 days 16 to 30 days ^,586 3,703 1,527 41,078 238 265 31 to 60 days 718 1,014 727 607 360 109,325 37U 394 ^8,765 264,351 , 6l to 90 days 91 days to 6 months 87 2,304 3^9,833 Over 6 months 18 21,204 1,617,501 FEDERAL RESERVE NOTE STATEMENT OH APRIL 17, 1935 (In thousands of dollars) Total Boston Hew York Phi l a , Cleve. Rich. Atlanta Chicago St.Louis B~801d Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F.R.Agent 3 , ^ 2 , 8 7 8 28 3 , 5 69 Held "by Federal Reserve bank 26U.007 15,961 In actual circulation 763.231 252,3^1 326,121 l 6 3 , 7 l 6 1^3,816 97,7^6 13,121 14,143 9,841 lb,42 7 823,307 1*5,768 102,976 128,036 30,79b 5O07 4,ho« 53,625 250,312 ti^f,, 6 6 5 , ^ 5 239,220 312,038 153.275 127,389 792,511 l*K>,H6l 10U,508 120,287 U7.2lU 208,315 3,292,979 301,617 *,97* 859 212t100 - 788,706 2 3 0,000 3 1 8 J I 5 1 3 ^ 0 2,39* *93 108 271 -22,Qo6 10,000 30,000 85,685 172 60,000 827,3*6 120,b 3 2 10 3 ,500 120,000 — 13 60 72 2 7 ,000 6,100 10,000 5 2,175 3,510,053 3 0 2 , ^ 6 791,100 252,*93 328,823 l6H,6ll 1^5,857 827,3*6 1*7,6^5 109,660 130,072 5^,560 3,178,371 267,608 Collateral held by agent as security for notes • issued to bank: ^ e fro.mTCs!e?reaswd ^ Eligible paoer U . f . f o v t ? securities Total collateral 385 2,000 210,263 147 ^5,000 255/410
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