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STATEMENT FOR THE PRESS Released for publication Friday morning, Aug. l6; not earlier, B-SOl Federal Reserve Board August 15» 1935• CONDITION OF FEDERAL RESERVE B A M S The daily average volme of Federal Reserve bank credit outstanding during the week ended August lU, as reported by the Federal Reserve banks, was $2,^76,000,000, unchanged from the preceding week and $10,000,000 above the corresponding week in On August ik total Reserve bank credit amounted to $2,^77,000,000, an increase of $1,000,000 for the week* This increase corresponds with increases of $139,000,000 in member bank reserve balances and ?S,000,000 in money in circulation and a decrease of $H0,000,000 in Treasury and national bank currency, offset in part by decreases of $157,000,000 in Treasury cash and deposits with Federal Reserve banks and $U,000,000 in nonmember deposits and other Federal Reserve accounts, and an increase of $26,000,000 in monetary gold stock* Member bank reserve balances on August were estimated to be approximately $2,670,000,000 in excess of legal requirementst Relatively small changes were reported in holdings of discounted and purchased bills and in industrial advances. An increase of $1^,000,000 in holdings of United States Treasuryraotes was offset by a decrease of $ll+,000,000 in holdings of Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended August 1935, were as follows: Increase or decrease since Aug. lb J 2 i L Aug. 7 J23L Aug. 15 irto (In millions of dollars) Bills discounted Bills bought U . S. Government securities Industrial advances (not including 2k million commitments - August iM) Other Reserve bank credit 6 5 2 f ^30 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and national bank currency 2»*+77 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmember deposits and other F.R.accounts MMM ~lk -1 — +2 +29 .-3 2,^37 4-1 +26 J+o +9 +1,205 +62 5*55S 5t25*+ 2,775 510 +g +1^9 -157 J+ +215 +1,190 -201 +71 29 7 Released for publication Friday morning, August 16,1935* earlier* B~801a ASSETS AND LIABILITIES Of THE TWELVE FEDERAL RESERVE BA1IKS COMBINED (In thousands of dollars) Aug. i k . I W i Aufif 7,1935 Auflf lfrlfrft A S S E T S Sold certificates on hand and due from TJ# S , Treasury • Redemption fund R . notes • . • • • 0 ther cash • Total reserves . , , « * • * « » » Redemption fund R . bank notes • • . Bills discounted: Secured "by UtS.Govt, obligations, direct and/or fully guaranteed . * Other bills discounted . • • • Total bills discounted • • Bills bo*ught in open market t . Industrial advances • • # . • • U# S # Government securities: Bonds Treasury notes • . • •< Certificates and bills Total UJ5« Government securities Other securities Total bills and securities • * . Due from foreign banks I• R # notes of other banks • « . . • Uncollected items Bank premises t . • • . All other assets + TOTAL ASSETS . 6i365.767 21,527 216.987 6,624,281 6,288,615 21,588 238,926 6,549,129 4,961,374 2,726 J M L 6,153 ,6?3 29 • W 7 2,950 J u m 6,300 4,685 29,096 4,142 16.0^ 20,207 290.213 1,597.783 5^5,209 2,430,205 290,29 l,5S3,S2i 5*76,209 2,430,332 2,1+70,193 2,470,413 631 lS.Ugl* 530,511 %t965 637 19,771 443,72s 49,908 44,577 9.739,787 9.578.163 3,321,026 3,303,113 3.102,373 32,651 5,25**, 282 33,798 23,995 226,588 5,114,722 112,811 22,953 4,064,270 57,894 8,147 203.261 5,538,663 52l+,5Uo 1^6,665 i^+,S93 22,621 30,782 10,597 5,480,928 43s,997 146,655 144,893 22,621 30*782 10,174 4,333,572 464,045 146,423 138,383 9,739,787 9,578,163 8,265,161 5.210,143 2,006 5,198 214 467,499 1,271,707 692.251 2,431,457 428 2,457,504 3,125 , 16,703 470,989 52,774 , 51,917 8,265,161 L I A B I L I T I E S f , R . notes in actual circulation , Ft R # bank note circulation - net < Deposits: Member bank - reserve account . , TJ# S # Treasurer - General account Foreign bank Other deposits Total deposits • • . Deferred availability items . Capital paid in Surplus (Section j) . • . • . Surplus (Section IJb) . . • • 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 74.8$ Commitments to exalte industrial advances 23.921 231,3% 74.$ 22,544 25.170 70.15f 642 23.529 SO ASSETS AND LIABILITIES OF THE FEDERAL RESERVE B A M S OK AUGUST l4, 1935 (In thousands of dollars) B-SOlb A S S E T S Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Gold certificates on hand and due from u . S . Treasury 6,365,767 1+16,829 2,668,22b 289,823 433,013 195,014 137,874 1,259.916 121,710 143,671 190,277 105,843 3^3,513 S e d i t i o n fund - F . R . notes 21,527 3,640 1,351 2,089 1,500 2,051 3,194 1,665 1,089 490 622 292 3.5® Other cash ^ 6 . 9 8 7 32,899 56,371 30.970 10,413 8.398 9,585 31.138 11,785 12,612 12.417 6.852 13.497 Total reserves 6,62**,281 453,368 2,725,946 322,942 444,926 205,463 150,653 1,292,769 19*+,584 Bills discounted: Secured by U.S.Govt. obligation; — 706 126 106 2,726 46o 64 direct and/or fully guaranteed 30 823 2,464 98 25 130 Other hills discounted 3,427 39 — 106 160 804 151 Total bills discounted 64 3,287 6,153 ^9 475 445 1,808 169 80 Bills bought in open market 4,693 345 173 3,763 1,628 6,967 448 1.071 1.92(3 Industrial advances 29,147 2,863 4,585 U . S . Government securities: 290,213 17,279 Bonds 98,413 20,005 23,032 12,330 9,957 33,5^7 11,378 1,597,783 104.717 Treasury notes 485,226 117,627 145,438 77,858 62,844 234,018 72.343 Certificates and bills *42.209 35,681 88,124 24,479 155*679 39,488 49,555 26,528 21,413 $otal P>S.Govt. securities 2,430,205 157,677 739,318 177,120 218,025 116,716 94,214 355,689 108,200 Total bills and securities Dae from foreign banks F . R . notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 2,1*70,198 161,384 63I 48 18,484 330 530,511 56,466 49,965 3,168 45,717 563 751.380 182,162 220,249 121,580 249 66 60 23 4,756 586 1,057 2,313 129,280 41,236 54,188 43,213 11,977 4,660 6,632 3,028 33,158 4,363 1,624 1,167 95,6l4 23 939 17,958 2,331 1,6i4 358,172 108,792 77 4 2,449 954 74,165 23,827 M58 2,628 721 260 156.773 203,316 112,987 360,55!* 169 399 568 122 1,846 155 135 290 328 807 F60 50 77 97 64 2,084 127 127 1,159 14,213 11,^2 15.468 2^243 17,550 21,057 47,680 132,968 3,6,245 45,306 75,596 106,844 81,1175 199,331 77,S4l 108,257 3 17 1,193 1,587 14,496 32,197 1,580 3,4% 555 345 84,011 200,756 17 1+4 316 2,004 19,610 23,875 1,685 3,869 876 471 9,739,787 675,327 3,656,746 556,015 728,736 376,787 269,132 1,733,311 331,049 252,441 349»l6& 219,502 591,573 ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BAMS 01T AUGUST l 4 , 1935 (in thousands of dollars) B-SOlb L I A B I L I T I E S Total Boston New York Fhila. Cleve. F.R.notes in actual circulation 3,321,026 289,457 71^,1*10 Deposits: Member bank - reserve account 5,254,282 298,636 2,493,027 U.S.Treasurer - General account 33,798 1,051 3,571 Foreign "bank 23,995 1.724 S,86S Other deposits 226.588 179,011 3t°97 Total deposits 5,538,663 304,50s 2,689,477 524,540 55,952 Deferred availability items 123,276 146,665 10,751 Capital paid in 59,474 144,893 Surplus (Section j) 9,902 49,964 Surplus (Section 13b) 22,621 2,874 6,863 Reserve for contingencies 30,782 1,648 7,500 All other liabilities 10,597 235 5,782 TOTAL LIABILITIES 9,739.787 675.327 3.656,746 Ratio of total reserves to deposit and F.R.note liabilities combined 74.8 76.3 80.1 Commitments to make industrial advances 23,981 3,334 9,323 Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran, 242,789 324,505 153,297 132,626 798,965 141,662 233,160 314,162 158,991 99,945 2,691 1,305 3,767 2,192 2,274 886 2,370 862 2.4o6 -RJli JL 161 240,607 320j147 165,939 106,160 38,581 52 t 229 42 t 4oo 16,764 4,452 5,O4O 15,124 1 3 , 1 1 7 5,540 5,186 13,470 14,371 754 2,098 1,007 3,335 2,995 2,601 l,4l6 3,000 174 360 351 23L soo,4io 143,650 120.751 175,317 123,080 288 .153 1,529 2,634 7,760 1,320 5,332 596 718 622 644 2,777 574 1,676 7,412 3,300 6.66c l,gog 14,029 814,247 1511,414 129,314 182,357 127,039 304,454 77,OSS 24-534 15,352 31,566 20,989 25,809 4,00s 10,759 12,806 3,960 4 ,o4l 3,133 9,645 3,613 21,350 4,655 3,420 3,777 547 695 S02 1,391 1,252 1,003 2 , 0 4l 831 5.325 1,363 1,171 S91 224 2 1 1 276 224 2*139 386 98,824 125,734 60,863 237,894 556,015 728,736 376,787 269,132 1,733,311 331,049 252,441 349,168 219,502 591,573 66.8 711 69.O 1,836 63.I 64.4 1,756 620 65.7 80.1 521 68.7 1,937 l46 66.0 243 60,1 66.5 448 3,106 MATURITY DISTRIBUTION OF B I U S AND SECURITIES Total Bills discounted Sills bought in open market Industrial advances U.S.Government securities 6,153 4,693 29,147 2,430,205 Within 15 days 4,453 1,2% 1,210 32,260 16 to 30 days 56 804 267 24,930 31 to 60 days 1,044 2,137 1,413 55,066 6 l to 90 days ^33 503 843 103,930 91 days to 6 months 162 1,769 294,813 Over 6 months 5 23,645 1,919,206 FEDERAL RESERVE ITOTE STATELSKT OH AUGUST l4, 1935 (In thousands of dollars) Total Boston Federal Reserve notes: Issued to F.R.bank by F.R»Agent Held by Federal Reserve bank New York Phila. Cleve. Rich. Atlanta B-SOlb Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. 3,601,173 323,170 280,147 33,713 8 1 4 , 1 5 2 254,35* 3^1.116 162,708 149,384 99,7*12 11,569 16,611 9,1111 .16,758 829,35s 147,050 104,514 134,741 30,393 5.388 5,690 9.007 66,982 273,6110 6.119 3 5 . 7 4 6 3,321,026 289,4-57 7l4,4lO 242,789 32^,505 153,297 132.626 793,965 l4l,662 98,824 125,734 60,863 237,894 Gold certificates on hand and due from U . S . Treasury Eligible paper U . S. Govt, securities 3,^10,889 326,617 499 818,706 218,000 316,265 138,000 97,685 1,323 804 151 106 160 — 38,000 25,000 25,000 55,000 847,546 127,632 105,500 125,000 — 63 97 127 12,000 21,000 63,675 226,263 568 2S5 4.000 50.000 Total collateral 3,645,572 327,116 820,529 256,804 341,4l6 163,106 1 5 2 ^ 4 5 847,546 148,695 105,597 137,127 68,243 276,54s In actual circulation Collateral held by agent as security for notes issued to bank: 4,6S3 230,000 —
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