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STATEMENT FOR THE PRESS Board of Governors of the Federal Reserve System December 10, 193^ Released for publication Friday morning, Dec. 11; not earlier # COitDITIOl! OF FEDERAL RESERVE BAKES The daily average volume of Federal Reserve bank credit outstanding during the week ended December 9» a s reported "by the Federal Reserve banks, was $2,1+7 S, 000,000, an increase of $13,000,000 compared with the preceding we el: and a decrease of $2,000,000 compared with the corresponding week in 1935® On December 9 total Reserve "bank credit amounted to $2,U$0,COO,OOO, an increase of $1,000,000 for the woek# This increase corresponds with increases of $31,000,000 in money in circulation, $35*000,000 in nonmember deposits and other Federal Reserve accounts and $2,000,000 in Treasury cash and deposits with Federal Reserve "banks o f f s e t in part "by increases of $13,000,000 in monetary gold stock and $3,000,000 in Treasury currency and a decrease of $HU,000,000 in member bank reserve balances. Member bank reserve balances on December 9 were estimated to be approximately $2,160,000,000 in excess of legal requirements. Relatively small changes were reported in the System's holdings of b i l l s d i s counted, purchased b i l l s and industrial advances. A decrease of $32,000,000 in holdings of United States Treasury notes was o f f s e t by increases of $27,000,000 in United States Treasury bonis f and $5,000,000 in United States Treasury b i l l s . Changes in the amxmnt of Reserve bank credit outstanding and in related items during the week and the year ended December 9* 193^ were as follows: Increase or decrease since Dec. 9 -12JL Dec. 2 Dec. 11 (in millions of dollars) B i l l s discounted B i l l s bought U.» S. Government securities Industrial advances (not including 21 million commitments - December 9) Other Reserve bank credit TOTAL RESERVE BABK CREDIT Monetary gold stock Treasury currency Money in circulation Member bank resei*ve balances Treasury cash and deposits with F.R.banks iTonmember deposits and other F#R. accounts 36 -2 2.U30 25 -1 +2 11,206 2,525 +1S -6 +1,133 +7S 6,^97 +31 +656 +691 2,1+63 6,731 2,1165 507 +1 +3 +2 +35 J-3 (B-SOl) Released, for publication Friday morning, December 11,1936; not earlier. B~S01a ASSETS A1ID LIABILITIES 0? THE T7JEL7E FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Dec. 9» 1936 Dec. 2, 1956 Dec, 11,1935 ASSETS 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 f u l l y guaranteed . # Other b i l l s discounted Total b i l l s discounted . Bills bought in open market • . . , Industrial advances . . . . . . . . U. So Government securities: Bonds «»••••••< Treasury notes • • • • « • • • • « Treasury b i l l s , Total U, S« Government securities Other securities Total b i l l s and securities . . . , Due from foreign banks < F. R. notes of other banks . . * . , Uncollected items . . , Ban!:: premises . . . . . . • . . . « All other assets . . . . . . . . . . 8,809,324 11,986 247,464 9,o6s,774 3,994 2,005 8,811,021 11,407 246.357 9,068,785 7,520,349 17. 235,^13 7,773,249 3,022 3,084 6,106 5,999 3, ogs 25,493 4,351 1,987 6,338 3,087 25,696 402,326 1,417,283 So4,61s 2,430,227 381,326 1,449,163 . 599,733 2,430,227 2,464,207 220 26,074 522,369 43,07s 2,465,34s 221 23,823 651,945 48,066 >+3,285 215,116 1,639,097 575,952 2,430,171 181 2,473,927 64l 19,477 554,980 50,304 44,766 12,236,522 12,301,473 10,917,344 F. R. notes in actual circulation Deposits: Member bank: - reserve account U.S.Treasurer - General account Foreign bank . . . . . . . . . . . . . Other deposits 4,232,669 4,202,799 3,653,7^1 6,730,989 93,081 65,19s 163,415 6,775,236 109,628 59,405 152,320 6,039,613 24,031 31,849 248,062 Total deposits . . . Deferred availability items Capital paid in Surplus (Section 7). . . . . Surplus (Section 1 3 b ) . . . Reserve for contingencies . All other l i a b i l i t i e s . . . 7,052,6S3 578,938 130,283 145,501 34-249 25,111. 7,096,589 650,064 l-;0„275 145,501 27,088 34,251' I4s9G6 6,343,555 555,360 130,4*40 144,893 23,457 30,701 35,197 12,236,522 12,301,473 10,917,344 TOTAL ASSETS . . . 4,679 32,790 LIABILITIES TOTAL LIABILITIES , Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . < 80.4$ 80.3$ 11M • Commitments to make industrial advances 21,491 21,544 28,084 ASSETS MD LIABILITIES OE THE EELERAL RESERVE BASKS C¥ m w i m m 1 ) , 1336 (In thousands of dollars) B~80Xb ASSETS Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn• Eans.Cy, Dallas San Eran. Gold certificates on hand and 2,809,324 527,395 3,325,357 429,139 646,457 302,631 247,452 1,711,274 264,666 123,573 256,392 172,060 622,322 due from U. 3. Treasury 11,986 1,512 1,725 122 617 344 2,327 511 1,606 681 709 217 1,51*9 Redemption fund - F.R. notes 247,464 21,930 68,067 26,765 15,1179 13,059 11,872 25,13^ 16,362 6,6og 13,967 7,429 20,792 Other cash 9,068,77^ 610,843 3,395,209 516,026 662,553 316,03^ 261,657 1,737,519 282,634 190,856 271,06s 179,706 64-4,669 Total reserves B i l l s discounted: Secured by U.S.Gov 1 1 obligations, — 3,216 101 292 12 85 2 direct or f u l l y guaranteed 115 93 3,99^ 3 75 1,346 46 58 22 45 Other "bills discounted 2,005 12 57 271 47 19 35 37 Total "bills discounted B i l l s "bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury b i l l s Total U.S.Gov't securities Total "bills and securities Dae from foreign "banks P. E. notes of other "banks Uncollected items Bank premises All other assets total assets 5,999 3, OSS 25,1*93 130 225 2,914 4,562 1,100 6,299 339 317 4,822 131 294 1,217 3^ 120 2,726 346 108 485 58 385 1,485 i46 86 471 15 Si 1,066 182 87 804 21 87 1,396 35 218 1,808 402,326 29,267 1,417,2S3 101,5S6 604,6lS 43,337 2,430,227 I7M90 ios,4i4 35,H5 41,294 21,OSS 16,666 376,29s 121,sso 143,330 73,196 57,845 l60,531 51,995 61,145 31,226 24,677 645,243 20s,990 245,769 125,510 99,188 ' V7,706 19,458 15,240 21,146 16,909 36,023 165,527 67,539 52,900 73,39s 58,690 125,034 70,640 28,812 22,567 31,311 25,03S 533339 283,933 115,S09 90,707 125,855 100,637 214,396 2,464,807 177,^59 220 17 26,074 353 522,369 57,733 US,07s 3,H3 46,200 481 657,204 214,468 247,411 12s,390 106,127 84 10 20 8 21 7,s6o 737 1,232 1,959 1,779 143,706 43,545 56,40S 52,212 24,333 I0,s64 2,284 5,079 6,525 2,919 3,267 1,704 1,181 36,163 1,369 2S5, S61- 116,512 91,849 126,92s 102,l4i 216,457 26 4 6 6 15 3 2,66l 1,455 1,3^4 667 4,469 1,55S 77,356 26,082 15,420 31,460 23,996 30,118 2,453 1,5^4- 3,36s 1,526 3,580 4,833 264 213 551 303 359 345 12,236,522 349,999 4,251,090 723,143 975,S53 502,705 391,557 2,108,807 429,456 301,420 434,438 30s,4oi 899,653 ASSETS AKD LIABILITIES OP THE FEDERAL RESERVE BA1ES OIT DECEMBER 9, 1936 ( i n thousands of dollars) B-SOXe L I A B I L I T I E S Total Boston ITew York Piiila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. rtn£ F.R.notes in actual circulation 4,232,669 370,153 00O ,042 310,733 413,426 202,427 187,296 943,753 IS3,41J4 136,317 160,4i6 92,729 334,333 Deposits: Member "bank - reserve account 6,730,929 372, $20 2, 937,157 363.883 44l,s4s 213,SIS 155,323 1,013,207 197,333 131,250 227,202 167,043 434,647 U.S.Treasurer - General account 93,081 2,472 43,564 2,359 9,510 1,963 2,304 16,197 1,947 2,556 2,625 5,610 1,474 65,198 4,330 Foreign bank °3,752 6,070 6,005 2,372 2,2S4 7,571 1,95s 1,566 1,393 1,293 4,504 163,415 2,351 96,330 1,649 i6,os4 4,173 7,310 i,n4s 7,192 4,131 196 3,259 17,342 Other deposits Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus (Section j ) Surplus (Section 13 b) Reserve for contingencies All other l i a b i l i t i e s TOTAL LIABILITIES 7,052,683 332,773 3,100,253 394,461 473,447 227,226 167,721 1,032,223 208,420 140,111 231,916 177,305 508,467 57S,93S 57,S43 137,147 43,993 54,563 51,212 23,092 77,133 27,190 15,633 31,202 26,772 32,492 9,333 130,223 50,2ol 12,224 12,569 4,712 4,259 12,207 3,770 2,946 3,960 3,822 10,164 9,902 9,645 145,501 50,225 13,406 14,371 5,136 5,616 21,350 4,655 3,149 3,613 3,7^3 1,696 2,274 27,02s 7,744 4,231 1,007 3,442 754 1,391 546 1,003 1,142 1,252 34,2^9 35,m 1,513 3,249 9,369 3,000 l,o4o 3,110 5,360 1,309 579 2,557 256 7,573 1.577 39S 4Z3 1,415 791,.,. 24s jki 1,322 9IQ_ 1,S49 k57 12,236,522 249,999 4,251,090 723,143 975,S53 502,705 391,557 2,103,207 429,456 301,420 434,438 308,401 899,653 Commitments to make industrial advances 21,491 2,162 2,244 247 1,343 2,353 294 47 1,157 72 341 492 4,139 MATURITY DISTRIBUTION OF 3ILLS AIID SECURITIES Total B i l l s discounted B i l l s bought Industrial advances U.S.Government securities 5,999 3, OSS 25,493 2,430,227 Within 15 days 4,562 1,950 92S 99,674 l6 to 30 days 495 545 647 16,011 31 to bO days 262 152 522 43,749 6l to 90 days l4S 435 205 137,175 91 days to 6 months Over 6 months 520 1,733 231,960 20,S5S 1,851,652 FEDERAL RESERVE IIOTE STATEMENT Oil DECEIIBSR 9, 1936 ( i n thousands of dollars) B-SOld Total Boston Hew York Phila, Cleve. Rich. Atlanta Federal Reserve notes: Issued to F.R.bank by F.R.agent 4,538,157 392,243 9S3.115 325,032 436,093 220,S35 210,871 Held by Federal Reserve bank 305,488 22,090 97,073 1^,2^9 22,667 12,408 23,575 In actual circulation 4,232,669 370,153 8S6,042 310,783 4l3,42b 208,427 127 , 29 6 Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. 920,l4l 191,644 140,402 172,0S9 103,179 332,513 31.3SS S.200 4,085 11,673 10,450 ^7,630 948,753 183,444 136,317 Ib0,4l6 9 2,729 334,883 Collateral held by agent as security f o r note® issued to bank: Gold c e r t i f i c a t e s on hand and due from U. S. Treasury 4,1+92,338 39^,000 995.706<325,000 438,000 222,000 171,000 Eligible paper 4,290 93 3,249 293 85 12 288 U. S. Gov't securities 90,000 — — — — — 45,000 986,000 166,632 131,000 l6S,000 104,000 389,000 — 102 3 158 7 — 30,000 10,000 5,000 4,586,62s 396,093 992,955 325,293 438,085 222,012 216,28c 926,000 196,734 141,003 173.15s 104,007 339,000 Total c o l l a t e r a l
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