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STATEMENT FOE THE PRESS Board of Governors of the Federal Reserve System December 19, 1935. Released for publication Friday morning, Dec, 20; not earlier. CONDITION OF FEDERAL R3SBRVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended December 18, as reported by the Federal Reserve bankp, was $2,^98,000,000, an increase of $18,000,000 compared with the preceding week and of $27,000,000 compared ftith the corresponding week in 195^ • On December IS, total Reserve bank credit amoimted to $2,^83>000,000, an increase of $9f030,000 week* This increase corresponds with increases of $603,000,000 in Treasury cash and deposits with Federal Reserve banks and $61,000 ,000 in money in circulation, offset in part by decreases of $603,000,000 in member bank reserve balances and ^11;, 000,000 in nonmember deposits and other Federal Reserve accounts and increases of $30,000,000 in monetary gold stock and $11,000,000 in Treasury and national bank currency. Member bank reserve balances on December IS were estimated to be approximately $2,710,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $3,000,000 in holdings of United States Treasury notes was offset by a decrease of $3,000,000 in holdings of 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 18, 1935» were as follows: Increase or decrease since Dec. IS Bills discounted Bills bought U . S. Government securities Industrial advances (not including 28 million commitments - December IS) Other Reserve bank credit TOTAL RESERVE BAIS CREDIT Monetary gold stock Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Uonmember deposits and other F.R.accounts Dec. 11 +1 33 s 2,kS3 -1 +21 +9 +30 5,902 5.^37 +61 -603 +603 539 -2 -12 10,03S 3,161 Dec. 19 +11 -11 +6 +1,900 J4.7 -60 +111 -Released for publication Friday morning, December 20,1935". llot earlier. B-SOla ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBATED (In thousands of dollars) Dec. 18.1915 Dec. 11.1935 Dec., ,19,1,934 7,553,862 17,623 233,371 7,304,856 7.520,349 17 > 8 7 255>13 7.773,249 3.634 3.286 6,920 4,671 32,696 3.022 3.084 6,106 4,679 32,790 4,768 LJD2 8,607 5,682 12,494 215,615 1,641,602 572.958 2,430,175 18.1 2 >74,643 650 20,039 657,595 50,308 38,290 215,116 1,639,097 575.958 2,430,171 181 2,473,927 64l 19 > 7 7 55^.980 50,304 44,766 395.572 1,507,124 11,046,381 10,917,344 8,490,506 ... ... 3,698,393 — 3,653,741 — 3.231,862 26,752 ... . . . 5>36,894 632,794 32,716 248,110 6,350,514 650,308 130>71 l44,Sy3 6,039,613 24,031 31,849 24s,062 6,343,555 555,360 130,440 144,893 3.9^3.123 232,2bl 18,361 166,548 4,360,293 532.562 146,718 138,383 30,700 17.645 3 »7°1 55,197 22,272 26.538 11,046,381 10,917,344 g >90,506 A S S E T S G*ld certificates on hand and due from U . S, Treasury Redemption fund -< F . R« notes Other cash Total reserves Redemption fund - F . R . bank notes Bills discounted: Secured by U.S.Gov't obligations,direct and/or fully guaranteed Other bills discounted . . . . . . . . Total bills discounted . . . . Bills bought in open market . . . . . . Industrial advances U . S. Government securities: Bonds Treasury notes Treasury bills Total U.S. Government securities Other securities Total bills and securities . . Due from foreign banks F . E . notes of other banks Uncollected items Bank premises . . . All other assets T o m ASSETS 5,122,7o2 19>54 219.652 5',361,873 l.g4l 2,430,171 — 2,456,954 804 22,028 551 > 9 6 53.372 42,133 L I A B I L I T I E S F . R . notes in actual circulation F . R . bank note circulation - net 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 (Section 13b) . . . Reserve for contingencies All other liabilities TOTAL LIABILITIES 23,457 Ratio of total reserves to deposit and F . R„ note liabilities combined . . . Contingent liability ©n bills purchased Jfor foreign correspondents 77.7? Commitments to make industrial advances 27,691 — 23,457 0 77.$ — 28,084 5.126 70.6$ 651 7.399 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE B A M S ON DECEMBER IS, 1935 (in thousands of dollars) B-gOlb A S S E T S Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U . S . Treasury 7,553*862 523,283 3.175,043 375,733 501,551 2^3,673 175,iKK) 1,^38,673 232,083 149,028 203,024 127,880 403,491 Redemption fund - F.S.notes 17,623 3,017 1,920 1,286 1,090 1,057 2,S?9 570 806 545 856 6s6 2,901 Other cash 233.371 33,603 48,392 30,503 1M59 10,7*18 10,62s 25,970 15,670 6,859 6,269 15,626 Total reserves 7,804,856 564,903 3*225,355 ^07,522 516,700 255,478 188,917 1,465,213 248,559 156,432 218,924 134,835 422,018 Bills discounted: direct and/or fully guaranteed Other bills discounted Total bills discounted Bills bought in open market Industrial advances U*S* Government securities: Bonds Treasury notes Certificates and bills Total U.S.Govt, securities Other securities Total bills and securities Dae from foreign banks P.B.notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 1,975 2,356 388 3 »2So 492 37 6,920 4,671 32,696 529 344 2,944 4,331 1,795 7,764 472 474 3,634 215,615 14,420 1,641,602 107,636 572,958 35,615 2,430,175 157,671 181 _ 84 6,873 650 4s 20,039 657,595 50,308 38,290 67,265 3,16s 496 10 76 444 1,786 55 173 4,442 50 48 550 98 582 555 1,849 39,^15 49,464 26,479 741,817 177,120 218,025 116,716 137,668 — 32 16s 934 8,240 55,842 l6,s4s 19,070 10,209 498,307 120,S57 149,491 80,028 64,596 —— 2,474,643 161,4SS 50 26 21,373 94,209 — 755,707 184,939 220,331 121,386 95,409 61 24 262 23 67 948 2,296 1,227 1,613 ^,795 161,976 52,428 59,571 53,568 22,265 12,136 4,S30 6,632 3,028 2,331 27,300 3,866 91S 1,501 1,513 28 13 5 57 34 570 Hi 62 6o4 400 64 1,666 80 126 1,139 15 19 34 327 2 3H 36 121 1,789 1,110 25,623 9,420 12,961 9,51^ 16,033 17,43^ 7 ^ 6 4 7 17s 73,132 47,293 136,674 24,434 15,^39 24,198 15,649 45,222 355,689 108,200 75.578 106,844- 78,975 199,331 242,064 SS.002 _ 181 — — — 358,675 108,721 77,370 108,894 80,921 200,802 78 3»o4i 9^,791 4,967 529 4 3 866 27,649 17,294 2,628 1,580 443 256 1,072 18 , 1.763 40,709 3.H53 265 17 356 25,854 l,6s 6 821 1,723 3^,225 3,869 382 11,046,381 797,707 4,187,531 654,600 806,421 436,69s 311,673 1,927,294 388,889 253,9SS 374,026 244,490 663,064 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE B A M S Oil DECEMBER 18, 1935 (In thousands of dollars) 3-SOlc L I A B I L I T I E S Total Eos ton ITew York Phila. Cleve. Rich. Atlanta 796,992 273,652 352,392 186,244 156,284 3,638,393 318,376 J.R.,notes in actual circulation Deposits: Member bank - reserve account 5,^6,894 U.S.Treasurer - General account 632,79^ foreign bank: 32,71s Other deposits 248,110 Total deposits 6.350,514 650,308 Deferred availability items 130,471 Capital paid in Surplus (Section j) 144,893 Surplus (Section 13 b) 23,457 Reserve for contingencies 30,700 All other liabilities 11,046,381 TOTAL LIABILITIES Ratio of total reserves to deposit and F.?-,note liabilities combined Commitments to make industrial advances 77*7 27,691 Chicago St.Louis Minn. Zans.Cy. Dallas San Fran. 842,y33 162,539 111,391 1^1,988 75.405 280,197 83J,566 325,133 2,544,900 269,537 319,029 164,527 101,826 12,520 15,544 15.310 362,025 57,-573 56,596 ^0,375 1,1^3 3,160 1,181 12,544 2,298 3,703 3,033 4,819 2,^65 3. 44o 3.106 2,691 187,^27 10.235 945,307 327^67 3,106,896 298,526 365,543 183,709 120,31*+ 157,090 51,003 57,133 51,817 21,819 67,666 96,163 ^,522 9,^30 51,000 12,332 12,315 4,16s 11,999 5,186 49,964 5 , 5 ^ 13,^70 21,350 14,371 9,902 754 3,335 2,098 7,250 1,007 1,391 2,874 l,4li 7,500 3,000 2,995 2,516 5,325 i,64s 278 2,826 10.839 408 524 §si 797,707 4,187,531 654,600 806,421 436,698 311.673 1,927,29*+ 30.0 3,356 22,6 10,012 71.2 822 72.0 1,632 69.I 68.3 2,233 507 81.9 151,451 102,347 169,381 116,590 20,000 8,104 9,349 9,277 766 260 830 952 4.301 6S2 6,027 9,^53 187,862 117,244 180,218 130,99s 22,246 16,510 42.026 27.523 3,910 3,776 3,752 2,997 3,^20 4,655 3,613 3,777 1,003 1,142 1,252 547 S3 6 1.363 891 1,169 254 336 293 397 328,889 253,988 374,026 244,490 70.9 163 68.4 2,265 139 67.9 65.3 1,353 284,617 26.121 2,234 13,'45S 326,430 33,246 10,204 9,645 so4 2,046 H92 663,064 69.6 596 4,613 MATURITY DISTRIBUTION OF BILLS A1ID SECURITIES Total Bills discounted Bills bought Industrial advances U.S.Government securities Other securities 6,920 ^,671 32.696 2,430,175 1S1 Within 15 days ^,673 1,730 1,512 3^,250 16 to 30 days 56 259 4iS 25,070 31 to oO days 260 1,322 664 62,7^3 6l to 90 days 777 75^ 936 124,344 91 days to 6 months 1,15^ 1,592 361,896 Over 6 months 27,568 1,821,872 1S1 FEDERAL RESERVE NOTE STATEMENT OH DECEMBER IS, 1935 (In thousands of dollars) BvSOld Total Boston Federal Reserve notes: Issued to F.R.bank by F.H.agent 1+,022,187 3 ^ . 7 3 2 Held by Federal Reserve bank 323.79^ 28,356 In actual circulation Eew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn„ Sans.Cy. Dallas San Fran. 920,536 235,796 370,263 19S.239 175,39*+ 1 2 3 , 5 ^ 12,ll+l+ 17,371 12.Q1+5 19,110 333,31+1 169,670 115,032 150,075 1+5,9Qg 7,131 3,691 3,037 82,1+52 319.057 7,Ql+7 38,860 3.698,393 31S,376 796,992 273.652 352.392 186,2^4 156,231+ 81+2,933 162,539 111,391 1^1,9S3 75,^05 280,197 3.960,81+3 356,617 933,706 236,000 370,1+1+0 135,000 130,635 38 1+7.000 896,000 170,632 110,500 11+2,000 83,000 291,263 29 15 550 33 56 591+ 34,000 5,000 10,000 9^1.336 286,1+1+5 370,^90 199,0^5 177,773 896,550 170,665 115,556 152,59^ 83,029 325,27s 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 collateral 110,000 509 H,075.887 357,126 2,630 — 1&5 __ 50 __ 1+5 14,000
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