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STkTWiMT FOR THE PHESS Released for publication Friday morning, Aug. 21; not earlier# Board of Governors of the Federal Reserve System August 20, 193&* C011DITI0H OF FEDERAL RESERVE B A M S The daily average volume of Federal Reserve "bank credit outstanding during the week ended August 19, as reported by the Federal Reserve "banks, \ijas 000,000, unchanged from the preceding week, and practically the same as reported for the corresponding week in 1935« On August 19 total Reserve bank credit amounted to $2 t ty?7t 000 t 000 » a decrease of $20,000,000 for the week* This decrease corresponds with a decrease of $1^,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $17t000,000 in monetary gold stock, offset in part by increases of $113,000,000 in member bank: reserve balances, $lH,000,000 in money in circulation and $5,000,000 in nomnenber deposits and other Federal Reserve accounts. Following the increase of 50 percent in reserve requirements of member banks, which became effective after the close of business on August 15, aggregate required reserves of member banks increased approximately $1,^70,000,000 during the week ended August 19 and excess reserves declined from approximately $3,170,000,000 on August 12 to about $1,810,000,000 on August 19# During this period member bank reserve balances with the Federal Reserve banks increased by $113,000,000# The System*s holdings of bills discounted decreased $2,000,000 during the week* Relatively small changes were reported in holdings of purchased bills, industrial advances, and United States Government securities* Changes in the amount of Reserve bank crq&Lt outstanding and in related items during the week and the year ended August 19,^w§2®e as follows: Increase or decrease since Aug* 19 1936 Aug* "12 1936 Aug. 21 1935 (in millions of dollars) Bills discounted Bills "bought U. S- G-overavient securities Industrial advances (not including 23 million counitnen-js - August 19) Other Ke serve "ban-; credit TOTAL RESERVE BANS CHEDIT Monetary gold stock Treasury currencyMoney in circulation Meraber ban!: reserve balances ,Treasury cash and deposits with F,R. banks Honmember deposits and other F.B, accounts 6 -2 3 2,430 — 29 -11 — 2,457 10,678 2,499 6,184 -1 -2 1 •» II — -IS -8 -20 -11 +17 +1,409 +78 +1 +i4 +113 6,229 2,625 -13b 597 ' +5 +610 +933 '-97 +107 (B-SOl) Released for publication Friday morning, Augi 21,1936; not earlier* 3~8Gla ASSETS AND LIABILITIES OF TEE TWELVE FEDERAL RESERVE BASKS COMBINED (In thousands of dollars) Aug. 12,1936 Au^« 21,1935 A S S E T S Gold certificates on hand and due from U . S. Treasury Redemption fund - F. R. notes Other cash # . . Total reserves, . . . . . . . . . . Bills discounted: Secured by U.S.Gov't obligations, direct or fully guaranteed . . . Other bills discounted . . . Total bills discounted 8,255,038 13t070 282,>+33 8,550,^1 8,225,038 13»720 289>980 8,528,738 6fU*Ht513 20,705 227,630 6,689,81*8 3,^05 3.072 6,kj7 5»552 2,311 7,863 316^*6 3,460 7,106 Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes . . . Treasury bills . . . Total U.S. government securities . Other securities 3,094 28,662 3,094 28,782 695 29,284 32^,721 l f %6,719 608,787 2,430,227 181 324,721 1,496,719 608,787 2,430,227 181 290,255 1,602,284 537f701 2,430,240 — Total bills and securities . . . . Dae from foreign banks . . . . • • • • . F. R # notes of other banks . . . . . . . Uncollected items . . . . . . Bank premises .# All other assets 2,468,64l 219 21,540 589,851 48,054 k39(m 2,470,147 219 23,348 5^8,183 ^8,055 1&.152 2,471,325 628 18,490 479,811 %,966 45,040 llf722,^9Q 11,712,842 9,755*108 3,9SGfQ55 3,983,473 3,340,983 6,228,518 215,424 90,126 251,437 6,116,084 338,062 36,438 250,309 6,785,505 6,790,893 601,6l0 130,169 145,501 27,088 34,236 10,326 591,154 130,177 145,501 34,l4l 10,990 5,291,497 53,724 22,802 207,l6l 5,575,181+ 483,442 146,730 144,893 22,621 30,776 10,479 11,722,490 11,712,842 9t755,108 79#2$ 75*0$ TOTAL ASSETS 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 Deferred availability items . . Capital paid in Surplus (Section 7) Sarplus (Section 13 b) .# Reserve for contingencies All other liabilities * TOTAL LIABILITIES 26,513 Ratio of total reserves to deposit and F. R. note liabilities combined # . t # Commitments to make industrial advances . 79.*$ 23,271 23,394 24,779 ASSETS M D LIABILITIES OF THE FEDERAL RESERVE BA1JKS Oil AUGUST 19, 1936 (In thousands of dollars) 3-g01b A S S E T S Total Boston Hew York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Sans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 2,255,033 503,661 3,11+5,661 1+09,85!+ 61I+,997 276,61+2 228,572 1,6^1,681 221+.33S 190,92*+ 261,356 163,361+ 593.982 Redemption fund - F. R. notes 13,070 1,986 1,627 865 1+39 1*00 2,956 522 8l+0 199 922 367 1,9^-1 other cash 282,1+33 3*1,756 71,201 37,5^g 26,101 ll+,l+52 10,639 33,335 13,361+ 7,30*+ 12,65*+ 6.818 1U.261 Total reserves S,550,5^1 51+0,1+03 3,218,1+89 14*3,267 61+1,537 291,1+9*+ 21+2,173 i,675,5*& 238,51+2 198,1+27 27!+,932 170,5*6 6io,lS*+ Bills discounted: Secured "by U.S.Gov't obligations direct or fully guaranteed Other bills discounted Total "bills discounted 3 ills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury "bills Total U.S. Gov't securities Other securities Total "bills and securities Due from foreign "banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 161 3,1+05 3,072 — 6,1+77 3,09H 28,662 161 225 3,09s 32l+,72l 21,607 1,1+96,719 99,596 603,737 110,510 2,1+30,227161,713 131 219 589,851 1+8,051+ 1+3,61+1+ l+,530 1,103 7,075 88,263 1+06,823 105,1+7.5 660,561 17 336 60,91+3 3,113 1+71 160 11 3 a 321 317 5,063 171 137 7*+ 211 29I+ 121 1,1+82 3,606 30 1+5 75 108 701+ 28,217 31,507 17,101+ 13,1^2 130,061 1*1-5,220 78,839 60,575 52,902 59,063 32,067 21+.639 211,130 235,795 128,010 93,356 — — 2,1+63,61+1 165,197 21,51+0 2,130 2,1+00 — 673,269 216,331 237,7^2 131,9**3 99,21+3 21 10 8 82 21 728 1,1+22 1,655 , ?,395 ll+i+,970 1+6,11+5 57,118 50,1+77 20,240 10,851+ 5,079 6,525 2,919 2,28l+ 1,112 32,910 1,721 1,^72 3,389 — — 386 l,30l+ 75 21 96 S7 532 — U5I+ 100 11 722 ill S7 1,557 1,668 268 23 — — 61 1,166 79 S7 907 38,630 17,361 11,571 16,1+25 178,05!+ 80,018 53,331+ 75,703 72,1+23 32,5**3 21,693 30,79^ 239,107 129,927 36,593 122,927 — 131 218 12,502 28,392 57,628..130,863 23.V40 53,228 93,570 212,1+33 — — 291,297 130,61+2 37,325 12l+,131 95.936 2ll+,l+30 26 1+ 6 6 3 15 1,602 1,060 561 2,381+ 1,912 1,991 80,60*+ 2U,290 18,038 31,851 23,015 32,160 2,1+53 1,531 3.360 1,526 3,5*0 I+,S30 269 2 5 1 + 1+62 356 521 707 11,722,^90 770,1+80 U,086,969 720,510 9^6,158 1+79,382 367,075 2,051+,999 398,097 307,21+0 ^36,39^ 291,862 863,32*+ ASSETS AND LIABILITIES OF THE FEDERAL RESERVE B A M S ON AUGUST 19, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston Hew York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3,922,055 355,584 SIS,529 293,992 389,Sll 123,217 175,766 916,751 170,107 125,960 152,989 Deposits: 973,407 162,441 128,439 221,512 Member bank - reserve account 6,22S,51S 309,102 2,733,685 329,260 433,375 20S,166 137,209 26,s42 IS,812 18,379 16,513 U.S.Treasurer - General account 215,424 11,1SS s,s4o 20,770 16,598 14,792 30,426 2,700 Foreign bank 90,126 2,160 2,609 3,150 32,930 10,439 3,370 3,960 8,279 6,660 281 Other deposits ?»964 197.660 2,051 2,727 311^1 3,651 Total deposits 6,725,505 330,601 2,994,751 3 4 s , a 3 467,171 231,451 158,292 1,012,739 191,441 152,942 240,915 Deferred availability items 601,610 60,1+29 150,236 ^5,163 57,881 49,966 81,795 26,4is 19,132 32,689 Capital paid in 12,573 12,221 1,761 2,966 3,948 130,169 4,724 9,408 12,136 50,isi Surplus (Section 7) 3,613 5,616 3,1^9 13,4O6 9,902 14,371 1^5,501 5,186 21,350 .,655 50,825 754 Surplus (Section 13 b) 1,142 1,003 4,231 27,OSS 2,874 3,44s 1,391 1,007 546 7,7^4 s4o Reserve for contingencies 1,442 1,513 7,573 3,000 3,111 S94 3^,236 1,2S2 2*555 „ 25s All other liabilities 646 169 1,264 5,354 2S4 216 10,326 10S m. 221 — TOTAL LIABILITIES Commitments to make industrial advances 9 J: 84,994 320,355 146,838 445,084 18,479 13,785 6,209 2,610 1,996 2i,98S 169,923 487,066 25,963 32,308 3,816 10,189 9,645 3,783 1,252 1,696 1,8% 1,328 216 803 11,722,490 770,480 4,086,969 720,510 946,158 479,382 367,075 2,054,999 398,097 307,240 436,394 291,862 863,32k 23,271 2,704 9,o4l 2S2 1,379 2,313 282 77 1,745 91 394 512 4,451 MATURITY DISTRIBUTION1 OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U.S. Government securities Other securities 6,477 3,094 28,662 2,430,227 1S1 Within 15 days l6 to 30 days 4,53^ 600 SSO 1,472 36,956 122 294 81,016 31 to 60 days 463 283 6s4 87,452 6l to 90 days 256 1,809 799 66,Sl6 91 days to 6 months 623 65 >J'* 406,017 Over 6 months 23,54s 1,751,970 1S1 FEDERAL EESEH7E NOTE STATEMENT Oil AUGUST 19, 193 6 (In thousands of dollars) B-SOld Total 3T©CLGI*9»1 HSSQI'VS notos* Issued to FJt.bankby F.R.Agent Held by Federal Reserve bank In actual circulation Boston >+,297,^0 378,916 309,'455 23,332 Hew York Phila. Cleve. Rich. Atlanta 923,755 311,^6 Hll,331 195,316 19^,935 105,226 17,50** 21,520 12,099 19,l69 3,9SS,055 3 5 5 , S I S , 5 2 9 293,992 3S9.SH 1S3.217 Chicago St.Louis 959,172,925 3^,090 S,S18 Minn. Kans.Cy. Dallas San Fran. 130,15^ 165,^7 95,273 361,091 M91* 12,^S 10,279 ^,73^ 175,766 916,751 170,107 125,960 152,939 sU,99U 320,355 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due fromu. s. Treasury Eligible paper U. S. Gov't securities Total collateral ^,301,333 5,03S 73,000 396,000 935,706 31^,000 HiU,ooo 197,000 i6i,ooo 966,000 155,632 132,000 165,000 96,000 369,000 l6l 379,376 396,161 3,1^6 321 — 93S,S52 31^,321 171 — 211 — 197,211 75 ^5,000 — — 96 25,000 — ~ 7^ 3,000 672 111 206,075 966,000 ISO,72s 132,000 16s,ojh 96,672 369,111
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