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STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System April 2* 193S Released for publication Friday norning, April 31 not earlier* C017DITI0H OF FEDERAL RESERVE BASKS The daily average volume of Federal Reserve bank credit outstanding during the week ended April 1, as reported by the Federal Reserve banlcs, was $2,483,000,000, a decrease of $21,000,000 compared wi>1& the preceding week and an increase of $1^,000,000 compared with the corresponding week in 1935• On April 1 total Reserve bank credit amounted to $2,^77,000,000, a decrease of $8,000,000 for the week, This decrease corresponds with decreases of $53,000,000 in Treasury cash and deposits with Federal Reserve banks and $11,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $8,000,000 in monetary gold stock and $5,000,000 in Treasury and national bank currency, offset in part by increases of $^7,000,000 in money in circulation and $18,000,000 in member bank reserve balances. Member bank reserve balances on April 1 were estimated to be approximately $2,310,000,000 in excess of legal retirements* Relatively small changes were reported in holdings of discounted and purchased b i l l s , industrial advancesf and United States government securities* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended April 1, 1936, were as follows: Increase or decrease since Apr. 1 m^ , Mar. 25 , 1936 , ,.. Apr* 3 1935 (In millions of dollars) Bills discounted Bills botight U, S, Government securities Xn&uat^i&i (not i&clu&iag Ci:r:mi Vi-er^a - M^rtx X) OtLar +1 25 ail -1 -10 ukafc. crs&it TOTAL 3JBfc CTJGCf Mbit.) ^old ri>rJr Treasury and national baa& ctarre&cy Mon<?y in citcxiation }L'ih'Z'.iv l r s f s e v r e "balances TranMxty «r»A &%*>«:tis wilfc f . Hc3iK2ember deposits other FJI, account® lion +1 2t^77 Q f xm 2*504 • 5,077 Mil m -S +6 +2 * Aj +18 ^53 -11 +15 4-1, $17 J A +387 4-107 (B-801) Released for publication Friday morning, April 3,1936; not earlier. B~301a ASSETS AMD LIABILITIES OP THE TTOLVE FEDERAL RESERVE BAKES COLffilHED (In thousands of dollars) Apr, 1,1936 Mar. 25,1336 Apr. 3, 1935 ASSETS Gold certificates 011 hand and duo from U. S, Treasury Redemption fund - F. R. notes . . . . . Other cash . . . Total reserves . . . Bills discounted: Secured "by U.S.Gov't obligations,direct and/or fully guaranteed . . . . Other b i l l s discounted . . . . . . Total b i l l s discounted . . . Bills bought in open market . . . . Industrial advances . . . . . . . . U. S. Government securities: Bonds . . . . . . . . . . . . . . Treasury notes . . . . . . . . . Treasury b i l l s . . . . . . . . . . Total U.S. Government securiti Other securities . . . . . . . . Total b i l l s and securities Due from foreign banks . . F. R. notes of other banks Uncollected items Bank premises . . . . . . . All other assets . . . . , TOTAL ASSETS 7,605,345 14,854 350,037 8,030,246 7,665,840 14,873 353,632 8,034,345 5,593,721 17,625 236,131 5,247,477 4,489 3,338 2,727 6,065 4,674 30,501 3.406 2,9%5 6,391 5,304 21,073 265,711 1,554,893 392,493 1,492,6 66 545.660 2,430,819 hl&L 7,254 4.674 30,363 265,687 1,554,889 609,667 2,^30,2^3 IS1 2,472,715 650 17,690 558.332 47,885 36,868 609.667 2,^30,271 181 2,471,692 650 19,3U 527,356 47,865 2,463,587 702 15,313 471,759 49,533 43,016 11,164,386 11,137,192 8,891,387 3,772,016 3,732,333 3,174,531 5,077,088 1,085,687 63,441 5.059,147 1,146,565 64,576 275.801 6,546,089 514,646 130,724 l%,501 26,513 34,105 • 7t«fr 11,137,192 4 192,954 473,679 17,360 212*075 4,597,068 4-74,539 146,953 144,893 14,809 30,805 7i789 LIABILITIES F. R. notes in actual circulation , Deposits: I'ember 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 b i l l s purchased f o r foreign correspondents . . . • • Commitments to make industrial advances 267.161 6,493,377 554,751 130,715 145,501 26,513 34.105 7,403 11,164,386 78.2$ 78.2$ 8,891,387 72*4$ 70 25,048 25,421 16,252 ASSETS AMD LIABILITIES OE THE FEDERAL RESERVE BAMS OH APRIL 1, 1936 (In thousands of dollars) B-COlb ASSETS Total 3oston New York Phila. Clever Rich, Atlanta Chicago St,Louis Minn. Eans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 7,665,345 533,877 3.139.356 425,341 597,725 273,766 19^,551 1,269,229 191.9^ 162,266 201,321 147,589 474,384 Redemption fund - E. R. notes 14,364 2,567 1,550 520 371 003 2,229 6S0 l,ll6 374 l,l6l 5H2 2,451 Other cash 350,037 38,637 96,140 42,552 3^,123 17,2'47 10,733 47,344 15,820 7,731 20/432 4,633 14,595 Total reserves 3,030,246 625,031 3,237,046 463,413 632,719 291,316 211,513 1,317,253 208,37b 170,371 222,91^ 152,Cl4 491,430 B i l l s discounted: 1,828 2,150 423 37 27 23 11 'Total M i l s -discounted B i l l s "bought in open market Industrial advances U. S. Government securities: 3onds Treasury notes Treasury b i l l s 3,978 1,739 7,672 460 472 5,^39 50 440 1,535 265,687 17,956 1»554,OS9 103,893 609,667 35,828 . 68,473 20,755 23,973 432,760 116,714 ]l44,293 178,150 39,651 49,759 Total U.S. Govt, securities 2,430,243 157,677 — 181 729,383 177,120 218,025 116,716 100,209 Other securities Total "bills and securities 2,472,715 161,320 650 50 17,690 329 558,332 63,786 47,335 3,113 36,86s 215 742,772 183,491 220,050 120,735 101,330 258 60 28 63 23 817 4,037 1,792 , 1,093 1,555 147,718 1+l,273 52,101 44,184 18,226 10,843 4,926 2,284 6,525 2,919 1,499 1,012 1,3^2 3,590 26,959 Due from foreign banks E.R.notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 4,1*89 2,765 7,254 4,674 30,363 348 37 3S5 349 2,909 — — — 1,500 29 18 16 11 190 3,818 95 9 io4 163 S54 1,529 580 2,138 3* 87 552 12,834 77,244 20,63s 11,019 66,320 22,070 28,415 171,029 121,720 — — 50 122 172 133 1,175 239 130 17 147 "J 3 ? 1,696 327 1,107 — 239 19,3^7 21,918 56,254 131,921 19,393 45,492 75,57^ 116,844 — 181 95,000 199,331 77,248 118,505 97,068 200,912 19 3 1,191 1,377 13,641 28,364 3,3b0 1,531 417 323 19 294 19,526 1,524 746 — 78 2,105 78,051 4,828 308 70 75 145 61 1,468 13,^92 14,492 13,013 81,704 ^5,551 77,206 23,0-04 15,531 26,625 321,164 123,200 M M - - — >_>- ro vjn -- direct and/or fully guaranteedL Other b i l l s discounted 123,873 4 1,587 22,539 2,452 193 — — 1,513 28,903 3,580 264 11,164,386 853,894 4,169,633 702,573 91^,7^6 461,787 336,273 1,728,034 359,5^ 264,402 374,862 271,991 726,647 ASSETS AND LIABILITIES OF THE FEDERAL BESERVE BABES Off APRIL 1, 1936 (In thousands of dollars) B-oOlc LIABILITIES Total Boston ffew York Phila. F.R.notes in actual circulation Deposits: Member bank - reserve account U.S.Treasurer - General account Foreign "bank Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section J) Surplus (Section 13 b) Reserve for contingencies All other l i a b i l i t i e s 3.772,016 341,951 Clove. Rich. Atlanta 206,32s 220,577 361,052 1 7 7 , 0 1 s 160,176 5,077,OSS 291,479 2,4o4,932 229,073 359,403 126,301 110,4^5 1,025,627 124,652 456,964 50,291 1 0 2 , 3 1 3 35,130 27,212 4,624 63,441 23,249 5,gs6 2,735 5,223 2,215 267,161 2,922 4,615 207 >7^16.493,377 426,199 3,052,912 342,495 470,521 227,253 145,093 142,221 40,123 51,772 42,273 1 7 , 7 ^ 554,751 61,922 50,913 12,324 1 2 , 5 5 4 4,529 4,236 130,715 9,390 145,501 26,513 34,105 7»4OS C:\icago St.Louis 9.902 2,274 1,413 237 50,225 13,406 14,371 2,24g 3,721 3,000 357 3,111 352 7,7^4 4,231 1,007 5s126 5,616 1,261 154 2,50s 146 3/442 754 TOTAL LIABILITIES 11,164,32$ 253,294 4,169,633 702,573 91^,7^6 461,727 336,273 Ratio of total reserves to deposit and F.R. note l i a b i l i t i e s combined 72.2 21.4 74.5 76.1 72.2 69.3 23.0 Commitments to make industrial advances 25,042 2,929 354 1,605 2,321 320 9»6l4 L'inn. Kans.Cy. Dallas San Fran. 865,625 162,719 1 1 2 , 7 0 5 144,922 7 M 9 H 223,929 602,691 123,326 94,429 162,917 121,927 330,035 126,625 22,646 29,017 27,023 35.617 41,^45 4,367 7,342 1,29s 1,519 l,?3S 1,236 3,413 2,263 4,290 1,010 5,^32 17,164 r**t n 740,071 162J94 129,315 192.7-6 164, olo 393,115 78,759 25,229 13,428 27,350 2 2 , 0 1 1 26,593 3,766 12,037 3,949 3,791 10,149 3,017 3,733 9,645 4,655 3,613 3,149 21,350 1,142 1 , 2 5 2 546 1,003 1,121 1,391 244 1,322 1,477 7,573 1,249 292 196 114 302 1,222 246 233 1,722,034 359,544 264,402 37M62 271,991 726,647 64.2 22.0 21 1,922 70.1* 66.0 105 663 63.7 72.6 524 4,424 MS-TUHITY DISTRIBUTION OF BILLS A3® SECURITIES Total Bills discounted Bills bought Industrial advances U.S. Government securities Other securities 7.254 4,674 30,363 2,430,243 1S1 Within 15 days 5,121 575 1.609 9,20-0 16 to 30 days 403 1.567 329 21,010 31 to 60 days 125 449 311 49,206 6l to 90 days SS5 2,033 499 94,376 91 days to 6 months 541 2,077 3*2,939 Over 6 vonthi 19 25,532 1,272,252 121 FEDEBAL HESEHV3 HOTS STACEUE1TO Oil APRIL 1, 193& (In thousands of dollars) B~S01d Total Federal Ho serve notes: Issued to F.H.bank "by F.EJlgent Held by Federal Beserve bank In actual circulation Boston Hew York Phi l a , Cleve. Bich. Atlanta Chicago Si.&mis Uimm Wm&.Gy. Dallas San Fran. '4,029,102 353*827 900,575 292,913 375,202 125,127 177*758 237,056 16,876 S]4,1S7 12,336 15,156 g>109 17,582 898,1V* 169.85^ 115,^2 153,693 32,519 7,135 3,137 £.711 si,233 31S,92S S.VS9 3U.999 3,772,01b 3^1,951 S0S»3SS 280,577 361,052 177,018 160,176 865,625 162,719 112,705 1 ^ , 9 8 2 7M9 5 * 283,929 3,990,8^3 366,617 905,706 293,000 37SfUUO 186,000 152,685 5,298 360 2,^09 236 27 ~ 95 57,000 — — — — — 27,000 S009000 1 ^ 6 3 2 117,000 1^4,000 1,500 26 13S 156 — 25,000 ~ 12,000 81,500 323,263 215 130 H,O63,iHI 366,983 908,115 293,236 378,U67 186,000 179,780 901,500 170,65s 117,135 156,156 81,715 323,393 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U# S. Treasury Eligible paper U. S. Gov't securities Total collateral
@FedFRASER