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STATEMENT FOR THE PEESS Released f o r publication Friday morning, April 10; not e a r l i e r • Board of Governors of the Federal Reserve System April 9, 1936. C01TDITI01T OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank c r e d i t outstanding during the week ended April S, as reported "by the Federal Reserve banks, was $2,^80,000,000, a decrease of $3,Q00,000 compared with the preceding week and an increase of $19,000,000 compared with the corresponding week in 1935• On April G t o t a l Reserve bank c r e d i t amounted to $2,^79,000,000, an increase of $2,000,000 f o r the week. This increase corresponds with increases of $3^,000,000 in member bank reserve balances, $22,000,000 in money in c i r c u l a t i o n and $1^,000,000 in nonmember deposits and other Federal Reserve accounts, o f f s e t in p a r t by a decrease of $112,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $5»000f000 in monetary gold stock. Member bank reserve balances on April S TJere estimated to be approximately $2,^20,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased b i l l s , i n d u s t r i a l advances, and United States Government s e c u r i t i e s . 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 April S, 1936, were as follows: Increase or decrease since Apr. S Apr. 1 J32<L Apr. 10 197? ( i n millions of d o l l a r s ) 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 26 million commitments - April 8) Other fieserve bank c r e d i t 50TA1 BESSRV3 BUK CREDIT Monetary gold stocfc Treasury and n a t i o n a l bank currency Money in c i r c u l a t i o n Member "bank reserve balances Treas\iry cash and deposits with f .R.baatet Noniaember deposits and other F.R.accounts 6 , 5 -1 30 8 •A 2,^79 +2 10,190 2,505 +1 +22 $,161 +6U -ii2 +lH 60^ +16 +1,576 5,906 h m +s +419 +S74 +127 (B-S01) Released f c r p u b l i c a t i o n Friday morning, April 10,1936; not e a r l i e r . 3~S01a ASSETS AUD LIABILITIES 07 THE TWELVE FEDERAL RESEHVE BAMS C0MBI1TED (In thousands of d o l l a r s ) Apr. S,f1936. A*r. 1.1936 Anr, 10,1935 ASSETS Gold c e r t i f i c a t e s on hand and due from Redemption fund - F. R. notes . . Other cash . . . . . . Total reserves . . . . . . B i l l s discounted: Secured by U.S.Gov 1 t obligations, direct and/or f u l l y guaranteed . . . . Qther b i l l s discounted . . . . . Total b i l l s discounted . . B i l l s bought in open market . » . Industrial advances . . . . . . . » » * U. S. Government s e c u r i t i e s : Bonds * . « • « • « . . . . . . Treasury notes . . . • • « . . . Treasury b i l l s . • • . Total U.S. Government s e c u r i t i e s Other s e c u r i t i e s . . . . . . . . Total b i l l s and s e c u r i t i e s Due from foreign banks F. H. notes of other banks • » . Uncollected items . . . . . . . . Bank premises . . . . . . . . . . All other a s s e t s . . . f . . . . ... ..• •. # •. • •• . •• • TOTAL ASSETS 7,665,31+6 13,732 336,358. 8,015,1+36 7,665,31+5 14,861+ 350,037 8,030,2^+6 5,592,822 17,067 237,21+5 5,81+7,134 2,So6 2,616 5,502 U-, 6SS 30,257 i+,i+S9 2,765 7,251+ k,6jk 30,363 2,818 3,201 6,019 5,307 21,256 265,691 1,55^,S9H 609,667 2/430,252 1S1 2,5+70, sso 265,687 1.55M89 609,667 2,1+30,21+3 181 3Si+,i05 1,1+88,666 557,660 2,1+30,1+31 63H 16,762 501,570 1+S,00l+ 2,1+72,715 05O 17,690 : 558,332 1+7,885 36,86s 2,1+63,013 700 15,933 1+34,605 %,6l5 1+1+.019 11,090,622 ll,l6l+,386 8,855,019 3.731,039 3,772,016 3,169,329 5,161,317 96^,390 71,622 273.qHS 5,077,088 1,085,687 63,1+1+1 267,161 1+, 286,830 393,068 17,817 206,1+22 6,^71,277 k$k,ies 130,699 145,501 26,513 3^,107 6,1+93,377 55^,751 130,715 145,501 26,513 3M05 7,1+08 ^,90^,137 tag,255 146,966 lUi+,893 ll+, 820 30,805 8,814 11,090,^2 11,161+,386 8,855,019 — L I A B I L I T I E S F. R. notes in actual circulation • * Deposits: Member bank - reserve account . U* S. Treasurer - General account « # Foreign bank . . Other deposits . . . . . . . . . • • # Total deposits . «4 Deferred a v a i l a b i l i t y items f # . • • t Capital paid in . Surplus (Section 7) . • . . . Surplus (Section 13 b) . . . . . Reserve for contingencies . . , . * » « All other l i a b i l i t i e s . . . . . . • » • • • • •• . . •. m < m IiIiSILITHS . . » • • 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 6:1 b i l l s purchased for foreign correspondents • . • « •* • Commitments to make industrial advances 78.2*S • — 25,55U — 25,01+8 72.1$ 1+8 16,315 ASSETS ABD LIABILITIES 0? THE FEDERAL RESERVE BANKS 02J APRIL 8, 1936 ( i n thousands of d o l l a r s ) B-SOlb ASSETS Total Gold c e r t i f i c a t e s on hand and due from u . s . T r e a s u r y Redemption fund - F . R. notes Other cash Boston Hew York P h i l a , Due from f o r e i g n banks F.R.notes of o t h e r banks Uncollected items Bank premises A l l other a s s e t s TOTAL ASSETS Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 7,665,3^6 5S3.39S 3#o42,033 4 2 5 , 1 3 s 503,546 264,671 205,365 1 , 3 ^ , 9 0 9 203,477 160,739 201,SlS 1 3 S , 7 3 5 432,657 13,732 336,358 2,522 36,334 1,113 96,000 442 4l,6oi Total r e s e r v e s 3,015,436 622,75^ :5,139,1^6 467,181 B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s , 2,336 415 253 1,450 d i r e c t and/or f u l l y guaranteed 2,6l6 2,036 Other b i l l s discounted 31 27 239 3,436 Total b i l l s discounted 5,502 442 B i l l s bought i n open market 4,6ss 472 349 1,753 I n d u s t r i a l advances 2,909 5,336 7,671 30,257 U. S. Government s e c u r i t i e s : 265,691 17,556 Bonds 63,473 20,755 Treasury notes 1,554,394 103,393 432,760 1 1 6 , 7 1 4 Treasury b i l l s 509,667 35,323 173,150 39,651 Total U.S.Govt, s e c u r i t i e s 2,430,252 157,677 729,3S3 177,120 — — 1S1 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 Cleve. 2,470,330 l 6 l , 2 2 4 634 50 16,762 354 501,570 5 2,610 48,004 3,113 37,396 , 220 793 32,137 .546 16,564 2,195 10,023 63 731 37,^23 5,044 3,573 45,691 1,101 1U.91U 3^3 6,910 1,1^9 18,939 530 2.39S ^,67^ 12,066 641,476 231,731 2 1 7 , 5 3 3 1 , 3 9 5 , i s o 219,492 163,062 221,706 143,939 +97,131 1 16 20 3 44o 1,55^ 23 190 3,31b 23,973 l44,293 12,334 77,244 29 49,759 26,638 — 13 163 356 270 530 2,13S 15 S7 551 11,019 66,320 22,370 171,029 121,720 2S,4i5 13,^92 31,704 23,004 6 213,025 1 1 6 , 7 1 6 100,209 — — 59 1,277 51,653 6,525 l,46l 23 1,^29 41,450 2,919 1,005 2 250 20 6 — 7^2,293 133,370 220,064 120,750 101,234 243 4,309 113,579 10,843 27,618 5S0 23 1,711 13,511 2,234 1,322 321,164 123,200 — — 324,152 123,S53 73 2,192 70,045 4,829 340 4 1,113 21,^OU 2,452 195 70 70 i4o 61 250 130 32 247 110 12 380 279 122 133 133 1,693 327 1,109 1,460 1,164 14,^96 13,013 77,206 45,556 15,531 26,625 19,347 2 1 , 9 1 s 56,254 :L31.921 19,399 45,492 75,5^3 116,344 — 131 95,000 199,331 77,244 113,702 97,105 200,339 3 723 14,913 1,531 422 19 423 21,031 1,524 7*K) 19 1,013 23,l4l 3,360 269 — 45 1,037 25,255 3,580 231 11,090,682 840,325 4,043,531 697,390 922,515 449,262 3^2,673 1,796,816 369,013 262,898 373,210 264,831 728,218 ON APRIL 8, 1936 ASSETS AHD LIABILITIES OP THE FEDERAL HESSRVE ( I n thousands of d o l l a r s ) B-SOlc L I AB I L I Total Boston Hew York Phi l a . Cleve. Rich. A t l a n t a 200,732 2 8 2 , 1 1 7 364,374 1 7 6 . 7 1 ^ 1 6 1 , 6 1 4 F.R.notes i n a c t u a l c i r c u l a t i o n 3, 721,039 343,332 Deposits: Member "ban]" - reserve account 5, 161,317 298,925 2,393,767 293,226 366,473 125,226 114,225 U.S.Treasurer - General account 964,390 111,305 460,924 42,0U7 99,067 25*966 27,023 b s 756 3,196 Foreign "banlcs bsb23 2,543 7i,6a2 5,376 25,^91 2 s 2yo 3.022 Other d e p o s i t s 3,191 4,223 273,9^2 5,497 217,311 Total d e p o s i t s 6, 471,277 421,103 3,007,493 345,779 475.414 217,476 149,814 113,413 36,134 51,315 4o,44o 17,921 Deferred a v a i l a b i l i t y items 494,186 52,065 50,914 1 2 , 3 2 3 12,556 Capital paid in 4,232 9,394 4,539 130,699 50,225 13,4O6 14,371 Surplus (Section 7) 16 9,902 5,126 5 , 6754 145,501 7,744 Surplus (Section 13 b) 2,274 3,443 4,231 26,513 1,007 1,413 Reserve f o r contingencies 2,249 1,263 2,502 3,000 34,107 3,111 242 All other l i a b i l i t i e s 146 154 7,360 3,555 4oo 367 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 267,249 162,101+ 113,930 144,922 742,133 135,654 60,276 27,064 2,427 4,678 2/L79 S* oJ3 75,36s 2S7.370 92,532 160,272 124,116 343,442 2i>, 796 4,433 27,314 2,107 1,052 30,937 2,107 1,542 24,271 5 c 013 17,233 8 1 5 , 5 1 4 173,755 125,505 1 9 0 , 7 5 1 152,702 329,965 69,799 23,019 14,495 27,215 20,461 27,249 3,791 10,155 3,017 3,950 12,013 3,765 3,723 9,645 3,613 21,350 4,655 1,121 1 , 2 5 2 1,003 1,142 546 1,391 1,249 1,322 1,477 244 7,573 892 264 322 139 1,327 167 277 11,090,622 240,325 4 , 0 4 3 , 5 3 1 697,390 922,515 449,252 342,673 1 , 7 9 6 , 2 1 6 369,013 262,29s 3 7 3 , 2 1 0 264,831 7 2 2 , 2 1 2 TOTAL LIABILITIES Ratio of t o t a l r e s e r v e s to deposit and F.R. note l i a b i l i t i e s combined 72.2 21.5 66.0 22.4 74.4 76.4 71.5 69.9 22.9 65.4 70.2 61.5 73.3 Commitments to molts i n d u s t r i a l 25,654 2,926 advances 10,094 346 650 524 4,466 1,673 2,322 320 so 1,972 105 MATURITY DISTRI3UTI01T OF BILLS AI3D SECURITIES Total B i l l s discounted B i l l s bought I n d u s t r i a l advances U. S. Government s e c u r i t i e s Other s e c u r i t i e s R,502 4,6sc 30,257 2,430,252 121 Within 15 days 3,714 639 1,520 19,200 16 to 30 days 221 2,792 354 21,710 31 to 60 days 59 697 43s 47,506 6l to 90 days 925 554 582 103,576 91 days to $ months 549 2,029 302,125 Over 6 months 34 25,274 1,256,135 121 FEDERAL RESERVE NOTE STATEMENT ON APRIL S, 1936 ( I n thousands of d o l l a r s ) B-SOld Total J'^d.CrSll *R6S6I*V6 tlO ti6$' Issued to F.R.bank by F.R.Agent Held by Federal Reserve bank In a c t u a l c i r c u l a t i o n Boston ITew York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis H,050,111 363,06s 903,67S 295,0^6 377,7^0 136,165 179,0UU 900,712 269,072 19.736 102,9^0 12,929 13*356 9 , ^ 5 1 17,^30 32,363 Minn. Kans.Cy. Dallas San Fran. 169,786 117,302 15^,112 7,682 3,372 9,lgU 3.7S1.039 3^3,332 800,733 222,117 3&.37 1 * 176,711* l6l,6lH 367,3^9 162,10^ 113,930 1UU.92S 32,271 321,137 6,902 33,217 75,369 227,970 C o l l a t e r a l held by agent a s s e c u r i t y f o r notes issued to bank: 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 s e c u r i t i e s Total c o l l a t e r a l *,02k,3k3 376,617 905,706 295,000 37S.V+0 139,000 1^9,635 3,359 276 1 , 9 9 5 1+25 29 20 -63,000 32,000 915,000 1^6,632 113,000 144,000 33,000 323,263 250 10 136 35S 250 110 — 2^,000 — 12,000 H,096,202 3 7 6 , 3 9 3 907,701 295,^25 3 7 3 , ^ 9 1 3 9 , 0 2 0 1 3 1 , 6 3 5 915,250 170,6^2 1 1 3 , 1 3 6 156,35s 33,250 3 2 3 , 3 7 3
@FedFRASER