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STATEMENT FOR THE PRESS Released for publication Friday morning, Dec, H; not earlier* Board of Governors of the federal Reserve^System December 3> 1936 COltDITIOH OF FEDERAL RESERVE HilKS The daily average volume the weel: ended December 2, as $2,^65,000,000, a decrease of $10,000,000 compared with the of Federal Reserve "bank credit outstanding during reported by the Federal Reserve banks, was $2,000,000 compared with the preceding v/eek and of corresponding week in 1935• On December 2 total Reserve bank credit amounted to $2,467,000,000, an i n crease of $10,000,000 for the week. This increase corresponds with increases of $37,000,000 i n money in circulation, $14,000,000 in Treasury cash and deposits with Federal Reserve "banks and $5,000,000 in nonmember deposits and other Federal Reserve accounts offset in part by a decrease of $20,000,000 in member bank reserve balances and increases of $26,000,000 in monetary gold stock and $2,000,000 in Treasury currency. Member bank reserve balances on December 2 were estimated to be approximately $2,210,000,000 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 , industrial advances and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended December 2, 1936, were as follows: Increase or decrease since Dec. 2 1936 Nov. 25 1936 Dec, 4 (I11 millions of dollars) B i l l s discounted B i l l s bought U. S. Government securities Industrial advances (not including 22 million commitments - December 2) Other Reserve bank credit TOTAL RESERVE BA1K CREDIT Monetary gold stock Treasury currency Money in circulation Member bank reserve balances Treasury cash and deposits with F. R, banks Honnember deposits and other F. R. accounts +1 3 2,430 26 -2 -6 +5 2 +10 11,108' 2,522 2,467 +1Q +26 [ +2 -3 +1*179 6,466 6,775 -20 +37 +623 +S70 -lb3 2,463 472 +l4 +5 +30 -73 (B-S01) Seleased for publication Friday morning, December 4,1936; not earlier. B-SOla ASSETS A1TD LIABILITIES OP THE TWELVE PEDEPAL KSSEHYE BA1IKS COMBINED (in thousands of dollars) Dec. 2, 1956 ITov. 25, 1936 Dec. 4,1935 ASSETS Gold certificates on hand and due from U. S. Treasury Bedemption fund - p. R. notes Other cash Total reserves B i l l s 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 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. Government securities . Other securities Total b i l l s and socurities . . . . Due from foreign banks P. a . notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 8,811,021 11,407 246,357 9,068,785 8,768,838 H»407 247,458 9,027.703 7,410,351 17,524 225,445 7,653,320 4,351 1,987 6,338 3,087 4,211 1,854 2,360 6,065 3,008 5.368 4,675 32,395 25,696 3,086 25,980 381,326 1,449,163 599,738 2,430,227 — 2,465,348 221 23,823 651,945 4s,0o6 43,285 381,326 1,449,163 599,738 2,430,227 — 2,465,358 221 25,464 615,194 48,066 42,673 12,301,473 12,224,679 10,782,292 4,202,799 4,169,201 3,648,243 6,775,236 7,096,589 6,794,650 79»079 53,955 152,525 7,080,209 650,064 130,275 145,501 27,088 34,251 14^906 130,247 145,501 27,088 3m-,290 14,487 5,905,115 42,672 39,109 244.335 6,231,231. 547,l49 130,437 144,893 23,457 30,701 26,181 12,301,473 12,224,679 219,948 1,630,725 579.508 2,430,181 181 2,472,800 644 18,550 543,286 50,279 43,413 L I A B I L I T I E S P. H. 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 (Section 1 3 b ) Reserve for contingencies . A l l other l i a b i l i t i e s . . . . TOTAL LIABILITIES 109,628 59,405 152.320 623,656 10,782,292 Hatio of total reserves to deposit and P. H. note l i a b i l i t i e s combined . . . 80.3$ 80.3$ 77*5$ Commitments to make industrial advances 21,544 22,040 27,719 ASSETS AMD LIABILITIES 0F THE FEDERAL RESERVE BAMS ON DECEMBER 2, 1936 (In. thousands of dollars) B-SOlb ASSETS Total Gold certificates on hand and due from U. S. Treasury Redemption fund - F.R. notes Other cash Boston ITew York Phila. Cleve. Due from foreign banks F.R.notes of other banks Uncollected items Bank premises A l l other assets TOTAL ASSETS Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. g,sii,02i 579,2^6 3,396,137 4so,6oi 6Us,ss5 292,996 21+3,1+79 1,701,363 25M97 123,270 248,903 170,261+ 605,180 720 11,407 2,362 60S 1,619 227 1,559 973 192 672 239 577 1,567 22,687 56,337 27,988 21,1+1+5 ii+, 1 + 1 + 5 12,1+89 25,31+8 16,561 21+6,357 7,097 il+,i+75 7,335 19,600 Total reserves 9,068,735 603,1+92 3,^53,^7 50s,727 671,002 B i l l s discounted: Secured by U.S.Gov't obligations, 3,186 310 60 direct or f u l l y guaranteed 132 4,351 Other b i l l s discounted 1,1+62 1+7 1+6 l,9S7 37 Total b i l l s discounted 169 i+, 61+8 357 106 6,332 B i l l s bought in open market 225 3,087 1,099 317 29!+ Industrial advances 25,696 2,914 6,301+ l+,93l+ 1,218 U.S.Government securities: Bonds 3^1,326 27,332 101,21+5 32,793 32,563 Treasury notes 1,1+1+9,163 103,271 38l+,763 1 2 M 2 2 11+6,555 Treasury b i l l s 599,732 >+2,927 159,235 51,575 60,651 Total U.S.Gov't securities 2,1+30,227 1 7 M 9 0 61+5,21+3 208,990 21+5,769 Total b i l l s and securities Rich. Atlanta 2,1+65,31+s 177,^92 221 17 365 651,91+5 69,362 1+8,066 3,113 1+3,285 1+81 23,223 313,680 252,336 1,727,722 272,877 191,055 261+.093 177,226 626,31+7 52 Pr 75 151 7^ 120 221 108 133 335 196 86 19,69^ 7MI+3 30,973 15,563 59,1^7 21+.1+7S 22 2,7^2 1+39 125,510 99,128 657,291+ 21I+, 592 21+7,327 122,1+1+6 100,006 25 21 20 10 8 6,339 677 1,^97 1,939 1,639 152,521 52,221 62,858 56,01+H 22,213 10,860 5,078 6,525 2,919 2,281+ 1,200 1,1+38 33,1+50 2,803 1,765 52 — 12 12 285 56 3^1 27 1,509 1+87 61 1,039 ^,552 18,171 1M33 19,7^3 70,070 22,520 22,335 "tt.059 801+ — 21 21 25 35 60 27 1,397 213 1,209 15,791 33,61+1 169,311 69,05s 5>+,089 75,01+8 60,010 127,21+6 223,933 115,S09 52,909 90,707 125,255 100,637 2ii+,396 285,96© 116,57s 91,269 127,037 102,11+2 216,1+83 26 6 1+ 6 3 15 2,206 2,131 1,121 1,376 569 3,961+ 86,61+0 30,516 16,911 36,1+l+S 2I4,667 3 5 , 5 ^ 1,526 3,520 3,361 M33 2,1+53 1.53& 567 296 366 .., 327 225 307 12,301,1+73 S5'4,32S H,320,01+6 7SH,1S5 991,05^ 50l+,23S 325,92*+ 2,103,020 i+2i+,73i+ 302,729 1+32,683 307,102 SC6,320 ASSETS AITD LIABILITIES OP TEE FEDERAL RESERVE BAKES Oil DECEMBER 2, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston ITew York PMla. Cleve, Rich.. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. P.R.notes in actual circulation 4,202,799 367,727 883,535 307,56s 403,44i 207,397 126,09s 9*1,127 123,049 135,3l4 159,2*0 93,23* 333,919 Deposits: Member bank - reserve account 6,775,236 321,1492 2,997,7S* 3S2,355 450,176 217,S3S 151,091 1,013,113 1S7,S73 131,921 221,415 166,967 46s,i5i 6,792 1,952 3,^36 2,716 3.S66 5,270 U.S.Treasurer - General account 109,023 3,662 60,617 3,5l6 13,519 2,121 2,101 Foreign "bank 59, U05 *,29i 0,727 1,739 1,392 1,632 1,622 4,001 22,5s2 5,393 5,335 2,551 2,030 0ther deposits 152,320 4,034 io,*S5 72,^29 1,719 7,731 4,135 197 3,136 16,655 3,726 3,QS7 24,936 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other l i a b i l i t i e s TOTAL LIABILITIES Commitments to make industrial advances 7,096,539 393,171 3,153,^12 39*,351 6§o,o64 69,393 156,380 4s,90i 130,275 9.3S6 50,259 12,224 145,501 9,902 50,825 13,406 *,231 27,oss 2,87* 7,7** 3,000 3*. 251 1,513 2,849 50* 362 14,906 s,992 494,026 226,594 165,707 1,033,351 199,295 140,944 226,010 175,651 494,077 62,004 55,3*1 20,675 89,704 32,230 16,735 37,033 27,110 34,50s 12,205 3,761 2,9*7 3,95* 3,S22 10,174 12,569 4,716 *,25S 3.1*9 9,645 21,350 5,616 4,65^ 3,7S3 3,613 5,186 1*,371 546 1,003 1,142 1,252 1,696 1,391 75* 1,007 3,44s S98 1,*15 1,328 s4s 7,573 1,849 3,110 1,305 2,563 526 922 245 350 112. 1,319 251 251 *5§ 12,301,473 854,328 4,320,046 784,185 991,054 504,23s 3S5,924 2,10s,020 424,784 302,789 432,633 307,102 886,320 21,5** 2,172 8,851 242 1,354 2,360 294 47 1,160 73 34I 492 4,158 MATURITY DISTRIBUTION OP BILLS AED SECURITIES B i l l s discounted B i l l s bought Industrial advances U.S.Government securities Total Within 15 days 6,338 3,037 25,696 2,430,227 5,082 1,022 121,372 16 to 30 days 272 l,S95 407 29,281 31 to 60 days 311 587 668 26,739 6l to 90 days 145 471 962 151,028 91 days to 6 months 523 1,695 278,^49 Over 6 months 20,942 1.S23.35S FEDERAL RESERVE NOTE STATEMENT Oil DECEMBER 2, 193 6 (in .thousands of dollars) 3-801d Total Federal Reserve notes: Issued to F.R.bank Dy F.R.agent Held "by Federal Reserve bank In actual circulation Boston Hew York Fhila. Cleve, Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. ^ 9 7 , 9 9 9 390,123 9^9,^53 323,9^0 429,H7S 220,317 208,099 295,200 22,396 85,868 l6,372 26,037 12,920 22,001 972,927 1 9 1 , 1 3 8 , 7 6 9 169,751 101,675 381, 31,800 2,955 9,911 8,1^1 ^8,065 1^202,799 367,727 883,585 307,56s 403,44i 207,397 186,098 9^1,127 183,0^9 135,814 159,sHo 4,464,838 396,000 980,706 325,000 433,000 221,000 166,000 4,695 132 3,39^ 310 60 52 163 88,000 — ~ 45,000 = 986,000 166,632 131,000 l6S,000 102,500 389,000 75 152 — 326 6 25 — 30,000 10,000 3,000 — 557,533 396,132 984,100 325,310 433,060 221,052 211,163 926,075 196,784 i4i,000 171,326 102,506 389,025 93,234 333,919 Collateral held by agent as security for notes issued t o bank: Gold certificates on hand and due from U. S. Treasury Eligible paper U. S. Gov't securities Total collateral
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