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STATEMENT FOB THE PEESS Released for publication Friday morning, Dec. IS; not earlier, Board of Governors of the Federal Reserve System December 17, 193& C0HDITI01T OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended December l6, as reported "by the Federal Reserve banks, was $2,^96,000,000, an increase of $18,000,000 compared with the preceding week and a decrease of $2,000,000 compared with the corresponding week in 1935• On December l6 total Reserve bank credit amounted to $2,433,000,000, an increase of $15*000,000 for the week. This increase corresponds with increases of $55,000,000 in money in circulation and $5^,000,000 in Treasury cash and deposits with Federal Reserve "banks, offset in part by increases of $16,000,000 in monetary gold stock and $7,000,000 in Treasury currency and decreases of $57,000,000 in member bank reserve balances and $15,000,000 in nonmember deposits and other Federal Reserve accounts* Member bank reserve balances on December 16 were estimated to be approximately $2,050,000,000 in excess of legal requirements. Relatively small changes were reported in the System*s holdings of bills discounted, purchased bills and industrial advancest An increase of $82,000,000 in holdings of United States bonds was offset by decreases of $70,000,000 in United States Treasury notes and $12,000,000 in United States Treasury bills* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended December l6, 1936, were as follows: Increase, or decrease since Dec# lb Dec. 9 1956 Dec. IS 1935 (In millions of dollars) Bills disco-anted Bills bought U. S. Government securities Industrial advances (not including 21 million commitments - December lo) Other Reserve "bank credit T0TA.1 RESERVE B A M CREDIT Monetary gold stock Treasury currency Money in circulation Member "bank reserve balances Treasury cash, and deposits with F. R, banks Nonmember deposits and other F. R. accounts S 3 2.U30 25 17 2,^3 11,222 2,532 +2 +1 -2 +13 +9 +15 +1,12^ +16 [+1 +650 6,552 2,519 U92 +7U -57 +51+ -15 +1,237 (B-801) Released for publication Friday morning, December 18,1936; not earlier, B-SOla ASSETS M D LIABILITIES OP THE TWELVE FEDERAL RESERVE BAMS COMB IKED (in thousands of dollars) Dec, 9,1936 Dec. 18,1935 S,353,624 12,133 232,753^ 9,098,510 g,S09,324 11,986 2.47,^64 9,068,77*+ 7,553,352 17,533 233,371 5,85b 1,828 7,6s4 3 >99^ 2>005. 5,999 3,63*1 3,286 ^,671 Dec, 16,1936 ASSETS Gold certificates on hand and due from U. S. Treasury * . . . Redemption fund - E. R, notes Other cash Total reserves Bills discounted: Secured by U#S.GrOV!t obligations,direct or fully guaranteed . . . . . . . . # Other bills discounted . Total bills discounted 7,S0M5O 6,920 Bills bought in open market Industrial advances . . . U. S. Government securities: Bonds . . . . . Treasury notes Treasury bills Total U.S. Government securities « 3,089 25,313 3,088 25,493 ^89,576 1,31+7,163 593,4gS 2,430,227 408,326 l,4l7,2S3 6o4,6lg 2,430,227 Other securities Total bills and securities . . . . — 2,466,313 2,464,807 220 26,646 895,842 48,082 ^39 Ij-gg 220 2o*074 522,369 48,07? 46,200 12,575,081 12,236,522 11,0^6,381 4,268,972 4,232,669 3,692,393 Due from foreign banks P. R. notes of other banks Uncollected items . . . . . Bank premises . . . All other assets . TOTAL ASSETS 32,696 215,615 1,6^1,602 572,958 2,^30,175 181 650 20,039 657,595 50,30s 38,290 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) . . . . . . . . . . Surplus (Sectioim 13 b) . . * . Reserve for contingencies . . . * . . # All other liabilities . . , TOTAL LIABILITIES 6,674,157 172,826 60,779 6,730,989 93*0S1 5,436,39^ 632,79^ 165,803 7,073,565 879,317 130,390 145,501 27,088 34,246 16*,002 l63,4l5 7,052,683 578,938 130,283 145,501 27,088 34,249 35,111 2^8,110 6,350,51^ 650,308 130,^71 1^,893 23,^57 12,575,081 12,236,522 11,01+6,381 65,198 32,716 30,700 17,6>J5 Ratio of total reserves to deposit and I. R. note liabilities combined . . . . 80.2$ SO 77.7$ Commitments to make industrial advances 21,371 21,491 27,691 ASSETS A1TD LIABILITIES OF THE PEEEBAL RESERVE BANKS OH DECEMBER l6, 1936 (I11 thousands of dollars) B-SOlb ASSETS Total Boston Hew York Phila. Cleve. Gold certificates on hand and 3,853,624 51+5,780 due from U, S. Treasury Redemption fund - F. R. notes 12,133 1,492 Other cash 232,753 IS,922 Total reserves 9,092,510 566,194 Bills discounted: Secured by U.S.Gov't obligations, 5,856 i,7SS direct or fully guaranteed 1,S2S Other bills discounted 37 Rich. Atlanta 3,1+71,72^ 1490,233 652,57s 291,125 2^,507 1,701,356 252,726 174,191+ 256,244 166,935 600,102 1,680 276 583 600 2,300 475 1,597 677 702 211 1,540 62,47s 25,105 I4,1S5 12,771 11,561 26,372 15,281 6,335 12,679 6,937 20,127 3,535,9^2 515,614 673,346 304,556 253,36s 1,728,203 269,604 181,206 269,625 174,083 621,769 3,261 1,173 425 46 80 46 4,434 471 126 2 22 69 262 331 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills 489,576 35,091 1,347,163 96,560 593,^2 42,539 129,9S5 42,101 49,512 25,285 19,932 357,682 115,251 136,23s 69,57^ 54,933 157,576 5l,03S 60,019 30,651 24,223 Total U.S.Gov't securities 2,430,227 174,190 645,243 208,990 245,769 125,510 Total bills and securities 2,466,313 179,128 657,059 214,575 84 21 247,403 128,339 10 20 Due from foreign banks P. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 7,6S4 3,089 25,313 220 26,646 895,842 48,082 39,468 1,S25 225 D9 OOO 17 300 82,632 3,H3 488 Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. 1,100 6,282 317 4,797 294 1,214 24 121 2,6S4 10,011 717 1,457 1,682 255,210 65,639 86,013 70,862 10,866 5,079 6,525 2,919 1,77^ 1,215 29,707 2,769 12,575,081 831,872 4,498,879 8o4,4i4]pi6,53S 10s 485 99»lS8 100,112 8 1,532 28,210 2,284 1,391 53 226 45 12 58 271 15 — 335 1,^33 57,199 36 466 3 61 1,031 — 2 74 18 74 37 795 87 1,360 23,329 13,272 25,355 20 35 35 218 1,323 20,273 43,192 157,395 64,193 50,233 69,765 55,737 118,847 69,339 23,232 22,152 30,735 24,577 52,357 283,933 115,309 90,707 125,855 100,637 214,396 285,814 116,632 91,864 126,811 102,104 216,472 6 15 6 4 26 3 1,421 1,419 527 3,252 2,653 1,675 128,408 32,221 20,543 40,290 34,344 51,470 1,526 3,530 4,835 2,453 1,534 3,368 207 296 301 569 357 39^ 509,553 391,905 2,150,508 422,796 296,867 441,820 312,947 896,952 ASSETS AITD LIABILITIES OF THE FEDERAL RESERVE BAMS OH DECEMBER l6, 1936 (in thousands of dollars) B-SOlc LIABILITIES Total Boston New York Phila, Cleve. Rich. Atlanta 299,426 31^,730 415,612 210,255 129,431 F.R.notes in actual circulation 4,262,972 373,727 Deposits: Member "bank - reserve account 6,674,157 34l,421 3,023,932 372,io4 1+52,319 203,63k 11+7,321 U.S.Treasurer - General account 172,326 4,079 77,196 U,257 13,9^0 5,24s 5,344 Foreign bank 22,723 5,574 5,514 2,637 2,097 4,435 60,779 Other deposits 102,970 i,74O 12,742 4,361 6,096 l65,S03 2,927 Total deposits 7,073,565 352,922 3,226,221 390,275 424,521 215,940 160,912 Deferred availability items 279,317 21,124 245,766 66,022 24,602 6G,432 22,097 Capital paid in 50,271 12,224 12,652 4,716 4,271 130,390 9,321 Surplus (Section 7 ) 145,501 9,902 50,225 13,406 14,371 5,126 5,616 Surplus (Section 13 b) 27,022 2,274 754 7,744 4,231 1,007 3,442 Reserve for contingencies 34,246 1,513 2,249 3,000 3,110 1,313 2,557 All other liabilities 369 16,002 293 261 9,177 520 657 12,575,021 231,272 4,492,279 TOTAL LIABILITIES Commitments to make industrial advances 21,371 2,103 2,293 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 956,236 125,022 136,1+93 159,252 93,11s 334,4o4 921,664 179,015 121,772 222,732 162,333 459,730 1,223 2,346 3,592 3,216 6,226 4,702 11,655 6,952 1.792 7,636 1,432 4,573 1,732 1,732 4,135 7,573 29s i,4os 242 266 1,322 977 1,249 479 2,150,502 422,796 296,267 441,220 312,947 296,952 333 492 4,121 2,393 722 3,161 l6,4l6 1,022,520 192,o4i 131,599 232,012 171,934 491,936 126,716 35;442 19.469 40,121 36,733 46,721 3,960 3,222 10,162 12,210 3,776 2,945 21,350 4,655 3,149 3,613 3,723 9,645 1,391 546 1,003 1,142 1,252 1,696 2O4,4i4 1,01.6,532 509,523 391,905 252 31,571 294 1,252 47 350 1,135 201 72 MATURITY DISTRIBUTION OF BILLS AMD SECURITIES Total Bills discounted Bills bought Industrial advances U.S.Government securities 7,624 3,029 25,313 2,430,227 Within 15 days 6,297 1,944 932 29,281 16 to 30 days 230 524 647 3,240 31 to 60 days 246 326 462 50,255 6l to 90 days 564 235 253 64,129 91 days to 6 months 347 1,724 225,154 Over 6 months 20,623 1,997,502 FEDERAL RESERVE NOTE STATELIEST Oil DECEMBER l6, 1936 (in thousands of dollars) B~S01d Total Boston Hew York Phila# Federal Reserve notes: Issued to F.R.bank by F.H.agent Held by Federal Reserve bank In actual circulation 4,576,604 395,^54 307,632 21,727 Cleve. Rich. Atlanta Chicago St .Louis Minn, Kans.Cy. Dallas San Eran. 9S5,^ 23,59-3 193,7^5 1*10,707 171,612 103,339 381,050 S>657 4,2l4 11,760 10,221 46,646 95M3& 135,033 4,535,333 406,000 1,010,706 329,000 444,000 224,000 171,000 996,000 166,632 4,263,972 373,727 1,001,557 323,271 44l,760 222,332 210,343 102,131 13,5^1 26,l4S 12,577 21,4l2 399,426 31^,730 415,612 210,255 139,431 136,493 159,352 93,113 33k,kch 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. Gov't securities Total collateral 6,143 95,000 1,733 — 4,636,921 407,7SS 3,239 — ^25 — 1,013,995 329,^25 2 GO — W+,0G0 — 27b ^5,000 — — 127,000 163,000 104,500 339,000 227 3 U9 6 30,000 15,000 5,000 22U,002 216,27H 996,000 196,059 1^2,003 173,049 10k,306 329,000
@FedFRASER