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STAEEOTT FOR THE PRESS Released f o r publication Friday morning, Aug. 2G; not e a r l i e r , Board of Governors of the Federal Reserve System August 27, 193^. COITDITIOIT OF FEDERAL RESERVE BATES The daily average volume of Federal Reserve bank c r e d i t outstanding during the week ended August 26, as reported "by the Federal Reserve banks, was $2,1+72,000,000, a decrease of 000,000 compared with the preceding week and of $2,000,000 compared with the corresponding week in 1935• On August 26 total Reserve bank credit amounted to $2,^65,000,000, an increase of $C,000,000 f o r the week* This increase corresponds with an increase of :pl03j000,000 in member bank reserve balances, o f f s e t in part by decreases of ^72,000,000 in Treasury cash and deposits with Federal Reserve banks and $5,000,000 in nomiember deposits and other Federal Reserve accounts and by increases of $17,000,000 in monetary gold stock and $2 5 000 f 000 in Treasury currency. Member bank reserve balances on August 26 were estimated to be approximately $1,S90,000 5 000 in excess of legal requirements« Relatively small changes were reported in the System1s holdings of b i l l s d i s counted, purchased b i l l s , industrial advances and United States Government s e c u r i ties. 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 August 26, 1936, were as f o l l o w s : Increase or decrease since Aug. 26 1936 Aug* 19 1936 Aug, 28 ( i n millions of dollars) 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 Industrial advances (not including 23 m i l l i o n commitments - August 26) Other Reserve bank c r e d i t TOTAL RESERVE BAM CREDIT Monetary gold stock Treasury currency Honey in c i r c u l a t i o n Member "baiik reserve balances Treasury cash and deposits with F.R banks ITonmember deposits and other F»R, accounts 7 3 2.U30 29 2,k65 10,635 2,501 6,1^4 6,332 2,553 592 +1 -2 -2 — — +7 -1 +S +17 +2 -6 +1,^98 +93 ~ —. +103 -72 -5 +611 +9S6 -130 +119 (B-801) Released f o r publication Friday morning, Aug. 28,1936; not e a r l i e r . 3-Sjla ASSETS A1JD LIABILITIES OP THE T m V E FEDERAL RESERVE BAMS COMBIHSD (In thousands of d o l l a r s ) Aug. 26,1936 Aug. 19,1936 Aug. 28,1935 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. H. notes Other cash Total reserves B i l l s discounted: Secured by U.S.Gov't o b l i g a t i o n s , or f u l l y guaranteed Other b i l l s discounted Total b i l l s discounted direct 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 8,274,032 14,070 282.936 8,571,038 S,255,038 13,070 282,433 8,550,541 6,482,231 20,407 227,124 6,729,762 3.638 3,600 7.238 3,405 3,072 6,1+77 5,423 3,986 9,409 3,095 28,554 3,09*1 28,662 4,685 29,447 324,721 1,496,719 608,787 2,430,227 324,721 1,496,719 608,787 2,430,227 290,316 1,618,35*+ 521,661 2,430,331 181 Total b i l l s and s e c u r i t i e s Due from foreign banks F. R. notes of other banks Uncollected items B a n k premises All other assets 2,469,295 219 25,093 528,322 48,055 43,586 TOTAL ASSETS 181 2,468,64l 2,473,872 219 6 4 0 21,540 21,196 589,851 443,2% 48,054 49,96b 43,644 46,350 11,685,608 11,722,490 9,765,051 3,993,664 3,988,055 3,352,057 5,331,502 14-3,424 98,174 238;258 6,228,518 215,424 90,126 251,437 5,346,437 49,877 19,122 193.429 6,811,358 6,785,505 5,608,865 L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n . . . . Deposits: Member bank - reserve account U.S.Treasurer - General account . . . . . . Foreign bank 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 for contingencies A l l other l i a b i l i t i e s 532,971 130,170 145,501 27,088 3^,235 10,621 TOTAL LIABILITIES 11,685,608 601,610 130,169 145,501 27,08"8 34,236 10,526 11,722,490 447,201 l46,74l 144,893 22,621 30,775 ntggg 9,765,051 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 . . . . Commitments to make industrial advances . 79.3$ 79.4$ 23,365 23,271 75.1$ 26,313 ASSETS AND LIABILITIES OE THE FEDERAL RESERVE BANKS Oil AUGUST 26, 1936 ( I n thousands of d o l l a r s ) B-SOlb ASSETS Total Boston lew York Phila* Cleve # Rich. Atlanta Chicago St.Louis Minn. Kans.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 S f 2 7 M 3 2 b3S95Gk 3,23^,773 ^11,750 613,895 276,856 221,939 1 , 5 9 ^ 3 214,726 13*1,033 26l,922 16^,65*! 592,017 Redemption fund - E. R. notes l^ f 070 1,986 1 , 6 2 7 86s 939 900 2,95^ 528 8U0 199 922 3^7 1,9*+1 Other cash 282,936 3^,555 72,122 36,254 25,916 15.182 10,061 3 3 , 9 ^ 13,536 7*166 13>3^7 7>0^1 13>772 Total reserves 8,571,03s 535,105 3,308,522 ^+8,869 6)40,750 292,93s 23^,956 1,633,315 229,162 191,39s 276,231 172,062 607,730 B i l l s discounted: S o u r e d "by U.S,Gov f t obligai — — 120 66 32 3,638 280 2,2$k 30 293 d i r e c t or f u l l y guaranteed 75 311 137 — —"» 4 i s 11 — 21 3,600 11 54 50 Other o i l l s disco-unted 37 93 2,905 Total h 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 TJ.S» Gov ! t s e c u r i t i e s Other s e c u r i t i e s Total "bills and s e c u r i t i e s Due from f o r e i g n banks F.R # notes o f other banks Uncollected items Bank premises A l l other assets TOTAL ASSETS 7,23s 3,095 28,554 116 226 3,100 324,721 21,607 ,1196,719 99.596 603,787 40,510 ,1+30,227 161,713 1S1 — >69,295165,155 219 17 346 25,093 528,322 5^,711 1+8,055 43,58b 3,113 384 11,685,60s 758,831 5,199 1,103 7,100 311 317 5,072 291 294 1,480 230 121 3,601 84 108 602 88,263 28,217 31,507 17,104 13,142 130,061 145,220 78,839 60,575 165,475 52,902 59,068 32,067 24,639 660,561 211,180 235,795 128,010 92,356 406,323 — — — — — 673,963 216,880 237,860 131,962 99,150 20 8 10 21 83 738 1,615 9,185 1,553 1,958 124,256 40,854 50,980 46,919 17,999 10,854 5,079 6,525 2,919 2,284 1,616 1,128 1,382 3,316 33,655 160,518 96 — 386 — 69 711 H 1,556 87 532 61 1.152 87 903 38,630 17,361 178,054 80,018 72,423 32,548 289,107 129,927 11,571 53,334 21,693 75,708 30,79^ 1,788 — — 291,281- 130,642 26 1.697 72,335 4,831 559 4 1,550 21,739 2,453 218 16,425 86,598 122,927 — 181 131 218 1,668 12,502 28,392 57,62s 130,863 23,440 53,228 33,570 212,483 — — 95,924 214,500 6 6 15 922 1,270 2,909 2 8 5 ,2 6 26,260 26,602 3,360 1,526 3,580 87,811 124,1673 1,350 17,1^1 1,531 319 37? 233 399 715,757 939,30^ ^77,83^ 357,39^ 2,oo^ f oUU 325,7^8 299,553 ^33,937 296,933 255,735 ASSETS A1JD LIABILITIES OP THE FEDERAL RESERVE BAMS (In thousands of dollars) OH AUGUST 26, 1936 B-SOlc L I A B I L I T I E S Total Boston Hew York Phila. Cleve. Rich. Atlanta 217,210 294,232 394,364 186,230 175*742 P.R.notes in actual circulation 3,993,661* 354,957 Deposits: Member "bank - reserve account 6,331,502 306,793 2,844,247 332,791 440,496 210,070 137,639 31,27s 5,146 8,223 13,9^3 8,264 U.S.Treasurer - General account 143,424 6,626 35,759 9.1^1 9,043 4,325 3,440 Foreign bank 9S,17^ 7.274 2,662 2,183 4,061 187,104 Other deposits 238,258 ^,304 Total deposits 6,811,35s 324,754 3,098,388 343,907 462,066 231,000 151,526 Deferred a v a i l a b i l i t y items 532,971 55,237 121,289 39/400 51,544 45,825 16,770 Capital paid in 130,170 9,409 50,181 12,221 12,575 4,724 4,246 Surplus (Section 7) 145,501 9,902 50,825 13,406 14,371 5,186 5,616 Surplus (Section 13 "b) 27,088 2,874 7,744 4,231 1,007 3,44s 754 Reserve f o r contingencies 34,235 1,513 8,849 3,000 3,111 1,281 2,555 A l l other l i a b i l i t i e s 10,621 135 6,032 310 266 l4o 135 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 916,436 168,s45 125,765 154,040 85,005 320,788 939,439 161,437 126,788 229,974 150,961 450,867 16,71s 11,363 14,299 7,981 14,397 5,186 11,402 2,949 2,359 2,850 2,850 6,782 2,015 7,458 4,146 261 2,124 20,111 969,574 183,207 147,592 241,066 170,332 432,946 7^,323 23,573 16,972 29,119 30.5S2 23,337 12,136 3,762 2,955 3,951 3,816 10,194 21,350 4,655 3,1^9 3,613 3,723 9,645 1,391 546 1,003 i,I42 1,-252 1,696 7,573 S94 1,442 84o 1,328 1,849 230 S35 1,261 286 675 166 11,685,608 75s,831 4,160,51s 715,757 939,304 477,834 357,39^ 2,004,044 385,76s 299,553 433,937 296,933 355,735 TOTAL LIABILITIES Commitments to make industrial advances 23,365 2,69s 9,020 274 1,380 2,311 3S1 49 1,7^5 391+ S7 509 4,517 MATURITY DISTRI3UTI01! OF BILLS AM) SECURITIES Total B i l l s discounted B i l l s bought Industrial advances ti. S. Government securities 0nher securities I,?3S 3,095 28,554 2,430,227 181 Within 15 days 5,320 978 1,493 37,930 l o to 30 days 803 1,598 297 Go,786 (~i I— 31 to 60 days 381 495 750 79,282 6l to 90 days l4l 24 711 72,006 91 days to 6 months 592 1,900 395,877 Over 6 months 1 23,403 1,759,3^6 181 FEDERAL RESERVE NOTE STATEtCEHT OH AUGUST 26, 1936 (In thousands of d o l l a r s ) 3-S01d Total Federal Reserve notes: issued to F.R.bani: "07 F.R.agent Held by Federal Reserve hanlc Boston Hew York Phila. Clove, Rich. Atlanta Chicago St.Louis Minn. Ilans.Cy. Dallas San Fran. 4,302,908 379,192 918,143 310,940 416,79s 198,933 196,399 950,07s 178,063 130,363 l63,721+ 9^,919 365,350 309,244 24,24l 100,933 16,65s 22,434 12,703 20,657 33,642 9,218 4,598 9,684 9,9l4 44,562 916,436 16s,845 125,765 154,040 85,005 320,728 Gold c e r t i f i c a t e s on hand and due from U.S. Treasury 4,306,338 396,000 935,706 312,000 419,000 199,000 l 6 l , 0 0 0 966,000 155,632 132,000 E l i g i b l e paper 5,777 l l 6 3,791 311 291 230 85 — 96 — U. S. Gov't s e c u r i t i e s 73,000 - - 45,000 — 25,000 165,000 6 5 3,000 96,000 3 6 9 , 0 0 0 S6l 131 In actual c i r c u l a t i o n 3,993,664 35^,957 S17,aG 294,232 39^,364 186,230 175,7^2 Collateral held "by agent as s e c u r i t y f o r notes issued to "bank: Total c o l l a t e r a l 4,385,115 396,116 939,497 312,311 419,291 199,230 206,085 9 6 6 , 0 0 0 180,728 132,000 168,065 96,661 369,131
@FedFRASER