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S T A m m W FOR THE PRESS Board of Governors Released for publication Priday morning, Dec* 25; not earlier* 'of the F e d e r a l Reserve System December 2*+, 1936 C01IDITI01T OF FEDERAL RESERVE BAKES The daily average volume of Federal Reserve bank credit outstanding during reported by the Federal Reserve banks, was the week ended December 23» $2,507,000,000, an increase of $11,000 t 000 compared with the preceding week and a decrease of $12,000,000 compared with the corresponding week in 1935* On December 23 total Reserve bank credit amounted to $2,5^2,000,000, an increase of $59,000,000 for the week* This increase corresponds with increases of $122,000,000 in money in circulation, $7^,000,000 in Treasury cash and deposits with Federal Reserve banks and $30,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $167,000,000 in member bank reserve balances and an increase of $7,000,000 in monetary gold stock* Member bank reserve balances on December 23 were estimated to be approximately $1,280,000,000 in excess of legal requirements. Relatively small changes were reported in the System*s holdings of bills discounted, purchased bills, industrial advances, and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items w e r e a s during the week and the year ended December 23* fellows: Increase or decrease since Dec. 23 Dec. iS Dec. 2^ J3JL. (in millions of dollars) Bills discounted Bills bought U . S. Government securities Industrial advances (not including 21 million commitments - December 23) Other Reserve bajalr credit TOTAL KESE3VE B A M CEEDI Monetary gold stock Treasury cvxrency Money in circulation Mgmber bank reserve balances Treasury cash, and deposits with F.E.banks Honmember deposits and other F . E . accounts +1 +2 -2 -1 +58 +27 11,229 2,531 +59 +7 -1 +67 6,SSO 6,507 2,593 522 +12S -167 +7^ +30 •1,07s -563 -3 9 3 2,^30 25 75 2,5^2 +6sg (B-301) Released for publication Friday morning, December 25,1936; not earlier, B-SOla ASSETS AUD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Dec, 25,1936 Dec. 16,1936 Dec. 24,1935 8,853,624 12,133 232,753 9,098,510 7.553,849 17,5^3 219,896 7.791.308 5,856 1,828 7.684 3.089 25,313 3.782 3,373 7.155 4,657 32,600 489,576 1,347,163 593,488 2,430,227 — 2,466,313 220 26,646 895,842 48,082 39.468 216,172 1,641,597 572.958 2,430,727 181 2,475,320 665 22,010 602,470 50,395 38,732 12,390,915 12,575,081 10,980,900 F . R . notes in actual circulation , . . Deposits: Member bank .. reserve account . . . . . U.S.Treasurer - General account . . . . Foreign bank Other deposits 4,350,488 4,268,972 3,768,480 6,507,490 250,560 74,383 181,428 6,674,157 172,82b 60,779 165,803 5,429,284 6l4,255 32,850 2^3.240 Total deposits Deferred availability items Capital paid in . . . , Surplus (Section 7) . . , Surplus (Section 1 3 b ) Reserve for contingencies All other liabilities . . . . . . . . . 7,013,861 672,619 130,624 145,501 27,088 34,24s l6,48b 7,073,565 879,317 130,390 145,501 27,088 34,246 16.002 6,309,629 555,054 130,469 144,893 23,707 30,698 17,970 12,390,915 12,575,081 10,980,900 A S S E T S Gold certificates on hand and due from U , S. Treasury 8,851,876 Redemption fund - F . R , notes 12,7^1 Other cash 199,574 Total reserves 9,064,191 Bills discounted: Secured by U.S.Gov't obligations,direct or fully guaranteed . 7,029 Other bills discounted 1,853 Total bills discounted 8,882 Bills bought in open market 3,088 Industrial advances 24,999 U . S. Government securities: Bonds 489,576 Treasury notes 1,347,163 Treasury bills . . . . . 593,488 Total U.S. Government securities , . 2,430,227 Other securities , Total bills and securities 2,467,196 Due from foreign banks 221 F . R. notes of other banks . 23,834 Uncollected items . . . . . . 747,244 Bank promises 48,082 All other assets . . . . . 40,1U7 TOTAL ASSETS L I A B I L I T I E S TOTAL LIABILITIES Ratio of total reserves to deposit and R . note liabilities combined . . . 79.8$ 80,2$ 77»3$ Commitments to make industrial advances 21,064 21,371 27,745 ASSETS MTD LIABILITIES OF THE FEDERAL RESERVIBAKES Oil DECEMBER 23, 1936 (in thousands of dollars) B-801b A S S E T S To tal Boston Gold certificates on hand and due from U . S. Treasury Redemption fund - F.R. notes Other cash Total reserves Hew York Phila. Cleve. 3,351,376 553,720 3,^00,397 500,509 19412,741 1,44-9 1,435 19,352 15,223 55,903 139,57^ 3,064,191 570,392 3,^53,235 520,555 664,749 973 13,437 Bills discounted: Secured by U.S.Gov't obligations, direct or fully guaranteed 7,029 Other bills discounted 1,353 Total bills discounted 3,332 Bills bought in open market Industrial advances U . S. Government securities: Bonds Treasury notes Treasury bills 3,033 24-, 999 1,035 37 3,337 1,072 225 4,592 1,100 2,333 1,205 6,051 Rich. Atlanta 493 H6 30 539 317 4,743 76 1*6 291* 1,2l4 — 22 22 121 2,631* 93 25I* 10 352 103 6s 335 1,1*35 19,932 54-, 9 33 2^,223 57,199 157,395 69,339 Total U.S.Gov't securities Total M i l s and securities Due from foreign banks F . R . notes of other hanks Uncollected items Bank premises All other assets 2,^67,196 173,375 221 17 23, 3^4 321 7^7,244 71,572 43,032 3,H3 4O,I47 471 656,986 21^,59^ 2^7,353 12S,337 100,133 20 10 3 21 35 5,667 1,345 759 1,633 1,937 135,370 60,751 65,140 57,593 27,375 10,366 5,079 6,525 2,919 2,234 l,4o4 1,212 30,423 2,793 1,697 1*9,512 25 j 23 5 136,23s 69,57^ 60,019 30,651 245,769 125.510 53 1*35 129,935 1*2,101 357,632 115,351 157,57b 51,033 645,243 20 o,99C Minn. K ans.Cy. Dallas San Fran 309,970 24-4-,679 1 ,671*,324- 263,671* 130,679 255,399 173,975 629,301 1,430 bo 6 193 340 1,570 2,659 357 915 21,300 12,529 5,615 10,991 5,962 16,705 11,905 10,102 679,211* 322,215 2 5 7 , ^ 0 1,696,1*81 277,773 137,209 ;267,056 130,135 61*7,1*36 439,576 35,091 1,347,163 96,560 593,4-33 42,539 2,430,227 174,190 TOTAL ASSETS Chicago St.Louis 99,133 1 45 33 12 46 36 4-5 1*59 60 1,071 75 1,902 IS 40 35 75 1,920 37 795 1,346 75 213 1,323 — 37 23,329 13,272 25,355 20,273 43,192 61*, 193 50,233 69,765 55,737 113,347 23,232 22,152 30,735 24,577 52,357 233,933 115,309 90,707 125,255 100,637 214,396 235,821 116,400 91,233 4 26 3 333 3,609 1,533 109,293 35,020 19,640 2,453 1,534 4,335 213 233 563 126,312 103,990 216,512 6 6 15 609 3,34; 2,193 39,1^4 27,822 48,01 3,363 1,526 3,530 236 378 4i4 12,390,915 324,261 4,343,132 304,552 1,001,294 513,924 390,531 2,100,633 1*33,4-01 301,440 1*33,365 314,466 919,366 ASSETS AHD LIABILITIES OF THE FEDERAL EE SERVE B A M S 01T DECEMBER 23, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston Hew York Phi la# 01 eve # Rich. Atlanta 92^19 319,GOO ^32,230 212,91^ 195/497 F.R.notes in actual circulation U f 350,USS 366,729 Deposits: Member bank - reserve account 6,507,^90 3^9,910 2,S91,2l6 376,269 427,335 216,321 149,446 U.S.Treasurer - General account 250,560 9,125 27,222 10,761 2,112 115,237 I M 5 7 Foreign bank ?4, 323 5,203 3,^50 2,745 1.21b 7,293 24,527 isi,Uas Other deposits 2,329 12,336 4,235 5,196 95,725 Total deposits 7,013,361 367,022 3,126,765 4oo,o4s 475,207 235,367 159,499 Deferred availability items 672,619 66,439 169,621 51,123 62,097 5 0 , 7 H 22,137 Capital paid in 130,624 9,321 12,662 4,716 4,271 50,435 12,211 Surplus (Section 7) 145,501 9,902 5,616 5,126 50,325 i3,4o6 14,371 Surplus (Section 13 "b) 27 } OSS 3,44s 2,874 1,007 7,744 754 4,231 Reserve for contingencies 34,24s 3,s4q 3,000 3,110 1,513 1,315 2,557 All other liabilities 16,436 4oi 9,474 610 250 267 673 TOTAL LIABILITIES Commitments to make industrial advances Chicago St.Louis 975,9^3 127,290 935,744 39,072 9,097 1,347 Minn. Kans.Cy. Dallas San.Eran, 133,012 163,107 95,372 339,175 189,236 119,276 222,536 167*026 463,125 3,647 10,092 5,630 3,000 4,355 2,353 7,564 1,322 4,447 2,274 214. 2,274 5,4n 3,259 40,392 925,760 202,900 135,697 230,754 180,559 514,233 94,52s 32,956 18,253 35,123 27,450 42,056 12,232 3,960 3,826 10,160 2,943 3,777 4,655 3,149 21,350 9,645 3,613 3,723 546 1,003 1,142 1,252 1,696 1,391 7,573 i,so6 s$s 379 1,403 970 s4s 25s 1,849 1,323 39 6 502 12,390,915 324,261 4,343,132 304,552 ipoi,294 513,924 390,521 2,100,633 433,401 301,440 435,365 314,45S 919,366 21,064 2,093 5,665 252 1,230 2,334 294 31 1,125 333 439 4,096 MATURITY DISTRIBUTION 0? BILLS AID SECURITIES Total Bills discounted Bills bought Industrial advances U.S.Government securities 3,332 3,033 24,999 2,430,227 •Within 15 days 7,757 1*615 1,212 11,011 16 to 30 days 139 513 270 12,940 31 to 60 days 176 412 565 51,925 6l to 90 days 421 543 734 61,37^ 91 days to 6 months Over 6 months 339 1,737 2q9»120 20,431 003,737 FSDEEAL KESERVE 1T0TE STAT3MEITT Oil DECEMBER 23» 1936 (in thousands of dollars) B-soia Total Boston IT err York Phila* Cleve* Bicli* Atlanta Chicago St*Louis Minn # Kans*Cy* Dallas San Fran* federal Reserve notes: Issued to F.B.bank by J.H.a^ent 4,646,501 3 S 7 » 5 ^ i,017,4i4 332,352 456,oo4 225,454 217,030 1,009,495 1 9 M 7 2 i42,46o 17^,377 106,326 321,101 Held by Federal He serve bank 296,013 20,215 92,995 23,77^ 12,540 21>533 33,552 9,522 ^,44S lly270 ll,0l4 41,926 In actual circulation 4,350,423 366,729 924,4l9 319,200 432,230 212,91^ 195,^97 975*9^3 127,290 132,012 163,107 95,372 339,175 Collateral held "by agent as security for notes issued to "bank: Gold certificates on hand and due from U # S» Treasury Eligible paper XTGov*t securities Total collateral 4,616,33s 4o6,ooo 1,025,706 332,000 457,000 226,000 176,000 1,030,000 171,632 122,000 170,000 105,500 329,000 7,397 95,000 '4,719,235 1,035 ~ 3*502 — U92 — ~ 30 — — 295 45,000 — 10 2 33 30,000 15,000 ^6 5,000 1,906 — — 4o '407,035 1,029,214 332,492 457,030 226,000 221,295 1,030,010 201,63^ 143,033 175,046 107,^6 329,040
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