The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE MESS B-SOl Federal Reserve Board August 8, 1935 • Released for publication Friday morning, Aug* 9? not earlier« CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended August 7, as reported by the Federal Reserve banks, was $2,1476»0°°f000f an iiacrease of $5,000,000 compared with the preceding wee£ and of $13,000,000 compared with the corresponding week in 193^» On August 7 total Reserve bank credit amounted to $2,476,000,000, an increase of $11,000,000 for the week. This increase corresponds with increases of $31,000,000 in money in circulation, $15,000,000 in member bank reserve balances and $U,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $3^,000,000 in Treasury and national bank currency, offset in part by a decrease of $59,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $15,000,000 in monetary gold stock. Member bank reserve balances on August 7 were estimated to be approximately $2,550,000,000 in excess of legal requirements* 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 Treasury notes was offset by decreases of $12,000,000 in Treasury bills and $2,000,000 in United States bonds* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended August 7, 1935, were as follows: Increase or decrease since Aug# 7 J231 July 31 Aug. S 1934 (In millions of dollars) Bills discounted Bills bought S. Government securities industrial advances (not including zk million commitments - August 7) Other Reserve bank credit 6 -15 29 5 +10 +29 .+5 Monetary gold stock Treasury and national bank currency 2,U76 9,15S 2,^77 4-11 +15 43^ +1,201 Moxxey in circulation Member bank reserve balances Treasury cash and deposits with F»R#banks Nonmember deposits and other F^R.accounts 5,550 5,115 2*932 51*+ +31 +15 -59 +4 TOTAL RESERVE BANS CREDIT +1 +is -KL20 +216 +1,056 ' -9 +76 Released for publication Friday morning, August 9t*935; **>t earliei% B~S01a ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Aug. 7,1915 July 31.MVS Aufl, gt ASSETS Gold certificates on hand and due fron U # S« Treasury Redemption fund - P. R. notes # , Other cash • Total reserves • . • • • Redemption fund - P. R. bank notes Bills discounted: Secured by U.S^GovH. obligations,dire and/or fully guaranteed # # Other bills discounted # • . Total bills discoimted Bills bought in open marlcet Industrial advances • • • U # S # Government securities: Bonds . Treasury notes # » . . • Certificates and bills • • Total U«S, government securities 6,2S2 f 6l5 21,5SS 6,51+9.129 2,950 JjJ50 6,300 i+,685 29,096 6,22k,116 21,829 269.230 6,515,175 21+.357 219.961 5,173,866 2,3l+7 3,77^ 3.^+32 3,138 6,570 1+.687 22,35!+ 556.209 292,212 1,569,963 568.031+ 2,^30,332 2,1+30,209 290,297 1,523,826 1+,929,51+S 16.776 20,550 5,200 2S 1+67,799 1,257,759 706.202 2,1+31,760 UUo Other securities Total bills and securities Dae from foreign banks . , P. R* notesaof other banks Uncollected items • . . . , Bank premises All 6ther assets . . . . . 2,^70,1+13 2,^69,820 637 19.771 kk-j,J2S 635 1+9,908 TOTAL ASSETS 455,1+35 %,905+ *l+7. 5l6 2,1+57,978 3,121+ 16,519 377,518 52,753 50.878 9,578,163 *9,555,612 8,131+,983 3,303,113 3,261,622 3,095.333 33.18$ 5,ll1+,722 112,811 22,053 211.31+2 5,1+80,928 1+38,997 l+,059,070 30,782 , I0|17l+ 5,099,616 125,981 23,288 229,553 5,!+7S,l+38 1+60,873 11+6,61+7 llU+,893 21,572 30,781 *10,786 9,578,163 *9,555,612 8,13!+,983 L I A B I L I T I E S P. R. notes in actual circulation * • P. R» bank note circulation - net • # Deposits: Member bank - reserve account • • . U # S. Treasurer - General account t Foreign bank # , . • * X)ther deposits . . Total deposits . . • . . Deferred availability items • . • . . Capi tal paid in Surplus (Section j) Surplus (Section 13b) Reserve for contingencies •••••• All other liabilities • TOTAL LIABILITIES • * . » * Batio of total reserves to deposit and F.E, note liabilities combined . . . . Contingent liability on bills purchased for foreign correspondents Commitments to m h e industrial advances 11+6,655 1U1+.S93 22,621 21+.595 6,978 202.280 U,292,923 381,093 11+6,612 138,383 22,51*1 2i+.qii+ 7bJ 70.0$ 895 23,529 23,022 •Bevised figures, ASSETS A2JD LIABILITIES 0? TEE FEDERAL RESERVE BA1SS OH AUGUST 7, I335 (in thousands of dollars) B-SOlb A S S E T S Total Boston New York P h i l a . 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 TJ. S. Treasury 6,288,615 1+13,953 2,6ll+,727 27!+,86*+ 1+3*+,083 188,886 133,022 1 , 2 6 2 , ^ 0 181,767 1^1,329 190,057 121,517 331,930 Redemption fund - P. R. notes 21,588 3,©A1,362 2,10*+ 1,50*+ 2,051 3,196 1,672 1,092 H90 621+ 302 3,^1+7 Other cash 238,926 31,891 61,080 30,807 9.818 8 , 3 5 5 10,079 30,828 10,925 12,583 12,317 6.433 13.810 Total reserves B i l l s discounted: direct and/or f u l l y guaranteed Other "bills discounted Total "bills discounted Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Certificates and b i l l s Total U.S.Govt. securities Total "bills and securities Dae from foreign banks P. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 6,51+9,129 ^ 9 , ^ 8 8 2,677,169 307,775 ^ 5 , ^ 0 5 199,292 1^6,297 1,29^,930 193,73*+ 15^,^02 202*998 128,252 3*+9,287 2,950 3,350 6,300 i+,685 1+92 1,302 59 2,%1 37U 53 551 3,773 1,801 6,9^5 1+27 1+75 3,758 3U5 29,096 2,881+ 290,297 17,279 155 25 ISO 1+1+5 1,636 101 — 101 , 1 73 l+,5 88 98,1+13 20,005 23,032 12,330 481,338 116,533 144,065 77,123 36 120 100 8 15o 169 1,067 108 39 80 1+1+8 11,373 71,661+ 27,263 62,251 22*006 33,5^7 232,173 89,969 2,1+30,332 157,677 739,318 177,120 218,025 116,716 9^,23^ 355,689 108,200 2,1+70,1+13 161/457 637 1+8 19,771 31^ 1*1+3,728 1+5,1+16 1+9,908 3,168 ^,577 55^ 751,837 181,780 220,286 121,578 95,626 256 65 60 23 23 M02 606 1,1+1+1+ 2,621 1,092 10l+,993 36,952 38,12!+ 37,623 16,120 11,937 *+,642 6,632 3,029 2,331 32,19*+ 1+.252 1.61+6 1.178 l.bll 1,583,826 103,729 556,209 36,669 159,567 40,532 50,928 9,977 557 1,837 39 — 5s 69 107 61+ 2,053 1+0 72 330 128 li+5 112 126 1+58 122 328 1,157 1,860 11+3 288 808 1^,277 11,1+52 17,550 70,1+78 2l+,914 21,057 ^7,229 131,713 16,696 1+6,561 75.703 106,SU1+ 31,1+75 199,331 : 45,530 25,15s 15,396 353,21+1 108,767 77,932 108,239 83,915 200,755 77 *+ 3 17 17 ^ 2,677 1,330 1,132 1,518 273 1,962 20,639 lU,li7 28,155 19,1^9 23,013 4,958 2,628 1,580 3,1+% 1,685 3,869 711 250 *rS6 299 869 I+77 9,578,163 660,1+1+5 3,583,183 536,072 713,597 365,3^ 263,100 1,721,071 327,1+02 21+9,702 3^,675 23^,160 579,1+07 ASSETS AND LIABILITIES OF THE FEDERAL BSSERVS BASKS ON AUGUST 7, 1935 (In thousands of dollars) B-gOlc L I A B I L I T I E S Total Boston New York Phila. Cleve. F.R .notes in actual circulation 3,303,113 Deposits: Member bank - reserve account 5i 722 U.S.Treasurer - General account 112: 811 Foreign "bank 22,OS3 Other deposits Total deposits j.^so, Deferred availability items 997 ll+6,655 Capital paid in Surplus (Section 7) 893 Surplus (Section 13b) 22, 621 Reserve for contingencies 30f 782 All other liabilities 1 TOTAL LIABILITIES 9,578,163 289,272 Rich.. Atlanta 709,S*+2 239,056 321,58*+ 151,150 131.530 292,3^ 2,1+15,267 217,92' 307,883 155,193 92,230 38,960 2,00' 10,388 2,850 3,1^1 1,946 802 1,605 7,969 2,117 2,207 S25 1.568 2,b)-i9 JJLMO .3, ._JLt££5_ 3C0,1408 2,633,6,6 227,62H 323,037 162,'jSH 102 s f/16 ici| .127 35*518 37s20i+ 36,050 15/^59 10,751+ 59,1+66 15,128 13,117 5,039 V+52 5,540 9,902 5,186 49,364 13^70 1^371 2s8jl+ 15} 6,863 2t098 1,007 3=335 1,648 7,500 2,995 3,000 1,416 2,6OU I8l+ 206 183 5.750 215 2ZL Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 792,299 1*U,705 99,^70 125,51+6 60,999 23^,660 78U,S03 1*+2s320 113,937 177,076 130,32U 279,^20 28,866 3,3^7 5-1+83 8,613 3,206 5^5 M 0 2 669 2,585 580 1,560 466 7 >691 182,1^3 1^3,821 819,321 i^.Criy 60,518 21-2^+ 1I+.378 27,^2 18,761+ i+,oo6 3,133 M35 12VS07 3,96o 3,613 3,777 3,U20 21,350 H.655 547 802 1,003 1,252 1,391 828 891 1,171 1,363 5,325 266 20*+ 2.060 311 im 14.23P 298,1+18 22,912 10,758 9,61*5 695 2,041 222- 660,^5 3,583,188 536,072 713.597 365,3^ 263,100 1,721,071 327,^2 21+9,702 3^,675 23l+,l60 579,^07 Ratio of total reserves to deposit and F.E.note liabilities combined 71+.6 76.2 Commitments to make industrial advances 23,529 3,338 79.9 9,181 65.9 69.1 722 l,8Ul 63.1+ 62,5 1,756 625 80.1 65.5 ^73 68.2 1,887 1U9 66.0 62,6 2I+3 65.5 1+1+8 2,866 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought in open market Industrial advances U.S. Government securities 6,300 ^,685 29,096 2,^30,332 Within 15 days 1+,165 787 1+0, 6M 16 to 30 clays 593 393 206 31,870 31 to 60 days 987 1,112 682 50,963 6l to 90 days 91 days to 6 months Over 6 months 38l+ 166 5 1,621+ 109,31+1+ 1,762 282,901 23,583 •3»( 1,914^61+0 2,393 FZDE3AL BESSE73 NOTE STA.TEMT OIT AUGUST 7, 1935 (in thousands of dollars) Total Boston Hew York Phila. Clove. Federal Reserve notes: Issued to ?.3.ban2r by F.E.Agent Held by Federal Heserve bank In actual circulation Hich. Atlanta B-SOld Chicago St Jouis Minn. Kans.Cy. Dallas San Fran 3,575,318,676 272.333 29,'40*1 807,520 252,83$ 339,330 160,64? 147,467 97,§78 13,7S0 1 7 , 7 ^ SMS 15,937 824,665 l4S,02S 105,067 133,049 26,366 6,323 5,597 7,503 65,980 272,179 4,981 37,519 3,303,113 229,272 709,242 239,056 321,524 151,150 131,530 798,299 141,705 99,470 125,546 60,999 234,660 3,399,339 321,617 55I 818,706 218,000 320,715 131,000 94,635 2,303 1+27 ISO 101 156 35,000 20,000 30,000 55,000 847,546 120,632 103,500 122,000 66,675 226,263 109 39 107 112 458 283 — 21,000 2,400 12,000 — 47,000 3,626,565 322,168 821,009 253,^27 3^0,895 i 6 l , i 0 l i49,s4i 847,655 149,571 106,007 134,112 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U.S. Treasury Eligible paper' U. S. Govt, securities Total c o l l a t e r a l 4,826 222,400 67,133 273,546
@FedFRASER