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STATEMENT FOE THE PRESS
Board of Governors
of the Federal Reserve System
April 23, 1936
Released f o r publication
Friday morning, April 2k;
not e a r l i e r .
COIJDITIOH OF FEDERAL RESERVE RAMS
The daily average volume of Federal Reserve "bank credit outstanding during
the week ended April 22, as reported by the Federal Reserve banks, v/as
$2,^22,000,000, a decrease of $Uf000,000 compared with the preceding week and an
increase of $5*000,000 compared with the corresponding week in 1935 •
On April 22 total Reserve bank credit amounted to $2,^75,000,000, a decrease
of $2,000,000 f o r the week. This decrease corresponds with decreases of
$105,000,000 in Treasury cash and deposits with Federal Reserve banks and
$17,000,000 in money in circulation and an increase of $9%000,000 in monetary gold
stock, o f f s e t in part by increases of $109,000,000 in member bank reserve balances
arid $20,000,000 in nonmember deposits and other Federal Reserve accounts. Member
bank reserve balances on April 22 were estimated to be approximately $2,6^0,000,000
in excess of legal requirements.
Relatively small changes were reported in holdings of discounted and purchased
b i l l s , industrial advances, 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 22t 1936, were as follo\?s:
Increase or decrease
since
Apr* 22
Apr. 15
Apr. 2k
1936
1936
1935
(In millions of dollars)
B i l l s discounted
B i l l s boiaght
17. 3. Government securities
Industrial advances (not including 26 million
commitments ~ April 22)
Other Reserve bank credit
TOTAL RESERVE BANK CREDIT
Monetary gold stock
Treaeuxy and national - bank currency
Money in circulation
Member "bank reserve balances
Treasury cash and deposits with F.R.banks
Ionm@mber deposits and other F.R.ac counts
5
, 5
•2
-1
30
5
+21
2.^75
-2
+23
2,501
-1
-1+9
10,209
5,S60
3*269
615
-17
+109
-105
"+20
+723
+291
+69
(B-S01)
ieleased f o r publication Friday morning, April 24,193^5 not e a r l i e r .
3-S01a
ASSETS AND LLA3IIITIES
OF THE TTffilVE FEDERAL RESERVE BASKS COMBINED
( I n thousands of dollars)
Apr. 22,1936
Apr! 2l+,19]
Apr*
ASSETS
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
Total reserves •
B i l l s discounted:
Secured by U.S^Gov't obligations* direct
and/or f u l l y guaranteed # # # # • • ••
Other b i l l s discounted . • * • #
Total b i l l s discounted • # •
*
*
•
B i l l s bought in open market •
Industrial advances
> *•#
U. S. Government securities:
Bonds • * 9 • • • • • • •
•
•
Treasury notes •
Treasury b i l l s
Total U»S« Government securities
Other securities
Total b i l l s and securities •
Dae from foreign bants
Uncollected items
Bank premises • . •
A l l other assets •
7,661+, 835
13.736
5,730,265
17,923
2^9,610
8,019,231+
2,020,315
5,997,852
3,021
2,2^9
5,270
3,713
2,1+20
3,539
3,285
6,821+
l+,682
30,039
•
265,725
1,554,889
609,667
2,1+30,31+1
iai
•
• •
. . . . . .
•
7,663,233
13,7^1
>2,255
2,1+70,513
. * „ * • • .
TOTAL ASSETS . • , . .
265,687
1,554,895
609.667
2,1+30,21+9
121
2,1+71,626
l+,696
26,206
382,906
1,1+66,266
581,060
2,1+30,232
mmmm
2,1+67,952
696,136
48,006
36,286
702
17,800
1+88,763
1+9»616
$,921
11,295,187
9,062,618
3,7^,576
3,761.762
3.1^5,205
5,1+1+1,618
712,1+21+
86,116
269.21*+
5,333,01+8
229.731
53,226
220.758
^,719,309
56,271+
23,967
265+, 102
6,509.372
6,1+97,363
5.061+.252
560,230
130.697
1^5,501
26.513
31+.l0i+
7.TS5
691,750
130,707
145.501
26,513
3^,102
7,1+89
505.3^9
11+6,902
ii+i+,S93
ll+,92l+
30,806
9,681
11,163.372
11,295,187
9,062,612
633
22,570
56^,730
1+8,017
#
6,193
i+,690
30,313
11,163,373
633
22,125
L I A B I L I T I E S
IU notes in actual circulation
Jeposits:
Member banl: - reserve account • .
U»S.Treasurer - General account .
f o r e i g n banh . #
* .
Other deposits
Total deposits
. . . . . .
Deferred a v a i l a b i l i t y items • • .
Capital paid in •
Surplus (Section 7)
Surplus (Section 13 b) , , . # . #
Reserve f o r contingencies
• . .
A l l other l i a b i l i t i e s
TOTAL LIABILITIES
• • • •
•
•
•
•
•
•
•
•
•
«
»
•
«
«
•
•
•
#
•
#
•
Ratio of total reserves to deposit and
F. R. note l i a b i l i t i e s combined
•
•
•
Contingent l i a b i l i t y 011 b i l l s purchased
f o r foreign correspondents # . .
78.2$
Commitments to make in&ustrial advances
25.607
72.2$
—
25,670
73.1*
27
16,90s
ASSETS AHD LIABILITIES OP THE FEDERAL RESERVE BAEES OH APRIL 22, 1936
(In thousands of d o l l a r s )
B-SOlb
A S S E T S
Total
Boston
Hew York
Phila.
Cleve.
Rich. Atlanta
Chicago St.Louis
Ilinn. ICans.Cy. Dallas San Fran.
Gold c e r t i f i c a t e s on hand and due
from u. S. Treasury
7,663,23s 535.133 3,002,225 4i4,302 586,417 261,490 198,996 1,436,811 221,745 149,836 207,4^9 141,772 507,662
Redemption fund - F . R . notes
13,741
2,466
1,802
3^7
693
577
2,107
424
l,06l
295
1,120
502
2,347
Other cash
342,255 33,663
99,435 42,672 32,622 18,657 10,797
46,056 14,853
5,974 18,949
4,186 13,391
8,019,834 571,262
Total r e s e r v e s
B i l l s discounted:
Secured "by U.S.Govt, obligations,
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
B i l l s "bought i n 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
Treasury "bills
T o t a l U.S.Govt,
securities
Other s e c u r i t i e s
Total b i l l s and s e c u r i t i e s
Due from f o r e i g n banks
F.R.notes of other banks
Uncollected items
Bank premises
A l l other assets
TOTAL ASSETS
3,103,462
457,321 619,732
280,724
211,900
110
299
82
133
954
133
1,735
327
1,095
13,492
81,704
28,004
14,590
45,551
15,531
13,013
77,206
26,625
19,347 21,918
56,254 131,921
19,399 45,492
75,672 116,844
181
—
95,000 199,331
77,296 118,222
97,167 200,835
1,121
348
2,905
3,095
1,752
7,664
389
472
5,306
29
439
1,574
25
190
3,836
163
833
265,735 17,956
1.55M89 103,893
609,667 35,228
68,473 20,755 23,973
482,760 116,714 144,293
178,150 39,651 49,759
12,834
77,244
26,638
11,019
66,320
22,870
2,430,341 157,677
729,383 177,120 218,025 116,716 100,209
633
22,870
564,780
48,017
36,731
50
361
63,330
3,113
232
—
—
—
741,894 183,287 220,067 120,767 101,209
241
7,999
136,597
10,849
26,73s
63
762
41,554
5,049
3,625
60
1,625
52,505
6,525
1,482
28
i,s4s
46,619
2,919
1,016
75
7
91
61
1,472
5,270
4,682
30,039
2,^70,513 162,051
32
267
13
86
516
21
4
—
110
12
578
2,149
20
9
—
l46,46o 523,400
4
38O
9
—
25
e
DO
227,51s
12
1,368
1,727
—
157,105
4
1,09s
23
—
237,659
2
11
3,021
2,249
181
l,483,291
23
1,225
19,727
2,284
1,341
2S,4l{j>
171,029
121,720
321,164 123,200
—
—
323,903 123 .815
78
2,697
81,519
4,830
384
4
l,64i
24,S4i
2,452
205
/*
3
504
15,246
1,531
408
—
19
1,474
30,401
3,360
298
—
19
309
22,926
1,525
752
—
45
1,225
29,455
3,520
250
11,163,378 800,399 4,027,720 691,661 901,996 453,921 332,369 1,896,702 390,617 252,093 321,292 269,15s 759,390
ASSETS .AND LIABILITIES OP THE FEDERAL RESERVE BANSS OK iPEIL 22, 1936
(In thousands of d o l l a r s )
B-SOlc
L I A B I L I T I E S
Total
Boston
Hew York
7SH.63S
F.R.notes in actual circulation 3, 71+8,576 31^3,31+4
Deposits:
Member ban]: - reserve account
5» i+iu,6i8 301,396 2,^+20,397
712,1+21+ 55,723
U.S.Treasurer - General account
325,:SUo
31^52
6,370
Foreign "bank
86,116
215,1+71+
5,201
Other deposits
269,21*+
Total deposits
6, 509,372 368,690 2,993-,l69
560,830 61+,1+90
127,987
Deferred a v a i l a b i l i t y items
130,697
9,397
50^905
Capital paid in
Surplus (Section 7)
50*825
ll+5,50l
9,902
Surplus (Section 1 3 b )
26,513
7,7-tt
2,87!+
Reserve f o r contingencies
&.81+9
1.^13
3i+,ioi+
A l l other l i a b i l i t i e s
3,665
289
7,785
TOTAL LIABILITIES
11,163,378 800,399 ^027,780
Ratio of total reserves to deposit
and F.R.note l i a b i l i t i e s combined
Commitments to make industrial
advances
78.2
25,607
80.2
82.1
2,927
10*065
Phila.
Cleve.
Rich. Atlanta
Chicago St.Louis
Minn. Xans.Cy. Dallas San Fran,
278,586 361,782 172,682 160,161+
867,070 1 6 1 , l « 7 H3»517 1 ^ , 3 9 *
299,895 390,637 181, 5*4-9 108,596
29,833 55,851 31,618 30,53^
3,787
3,013
8,005
7,919
l+,038
U,658
2,l+ll+
1,765
31+0,197 1+56,172 220,992 ii+6,S0i
39,^30 52,1+97 1+5,606 18,130
4,586
1+.229
12,323 12,5*8
5,186
5,616
13,^06 1^,371
3,1+1+S
^,231
75k
1,007
3,000
1,263
3,111
2,511
1+8S
158
161+
5O8
851,228 152.59^
37,999 29,28*+
9,985
2,582
8,2*+3
903,903 192,703
82,081+ 26,1+81
12,020 3,766
21,BO
4,655
1,391
mS
7,573
893
1.311
386
75/457 285,753
78,049 162,1+32 122,599 372,2i+6
29,603 28,212 30,062 27,815
2,066 2,1+96 2,1+96 5,939
1,1+20
fc,502
2,13s 1^,670
11^,220 19^,560 157*295 1+20,670
15,^97 32,575 26,132
3,795
3,023
3,953
3,783
3,613
3,1^9
1,252
1,003
1,11+2
1,328
1,1+70
814+
116
211+
207
29,321
10,152
9,61+5
1,121
1,81+9
279'
691,661 901,996 !+53,92i 338,369 1,896,702 390,617 252,093 381,292 269,158 759,390
73.9
75.8
361
1,71s
71.3
69.O
2,326
378
S3.8
67.1
67.2
SO
1,951+
10*+
590
62.9
7^.1
582
1+,512
MATURITY DISTRIBUTION OP BILLS A2ID SSCU3IfX2S
Total
B i l l s discounted
B i l l s bought
Industrial advances
U. JSu Government securities
Other securities
5,270
l+,682
30,039
2,1+30,3^1
181
Within 15 days
3,639
775
1,676
21,710
16 to 30 days
38
380
251
27,106
31 to 60 days
695
529
5+1+0
87,663
6l to 90 days
276
2,998
51
7M
91 days to
6 months
591
2,070
388,553
Over 6 months
31
25,021
1,830,821
181
FEDERAL RESERVE ITOTE STATEtoTO GS JPBZL ^
1935
( I n thousands of d o l l a r s )
B-801d
Total
Federal Reserve notes:
Issued to F.R.banlt by F.R.Agent
Held by Federal Reserve bank
Boston
New York
Phi l a .
CI eve.
Rich. Atlanta
Ojdcagft St.I«ouis
Minn. Kans.Cy. Dallas San Fran.
4,031,692 360,163
283,116 16,819
893,707 293,229 376,332 132,504 173,132
109,071 14,643 14,550
9,822 ly.Ogfr
1^9,831 117,288 153,^9
3>771
9.051
81,756 32^,41+1+
6,299 38,691
3 ^ 8 , 5 7 6 343,344
784,636 278,586 361,782 172,682 160,164
867,0?G 161,187 113,517 144,398
75,^57 285,753
Gold c e r t i f i c a t e s on hand and
due from U. S. Treasury
E l i g i b l e paper
U. S. Gov't securities
4,045,343 376,617
3,gU6
l,ll4
60,000
910,706 295,000 378,440 189,000
€85 915»000 159,632 113,000 144,000
1,772
300
20
21
—
—
10
89
32
—
MJ3QQ n_ . .,
21,000 , 5.000 12,000
83,000 329,263
273
75
Total c o l l a t e r a l
4,109,189 377,731
912,47s 295,380 378,460 189,021 i
83,273 329,338
In actual circulation
Collateral held by agent as security f o r notes issued to bank:
p
.
%
<
m
170,642 118,089 156,092
@FedFRASER