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STATEMENT FOR TEE PRESS Released for publication Friday morning, Jan. 1; not e a r l i e r . Board of Governors of the Federal Reserve System December Jl 9 1936 C0EDITI01T OF FEDERAL RESERVE BANES The daily average volume of Federal Reserve bank credit outstanding during the week ended December 30, a s reported by the Federal Reserve bants, was $2,518,000,000, a r i increase of $11,000,000 compared with the preceding week and of $2^,000,000 compared with the corresponding week in 1935• On December 30 total Federal Reserve bank credit amounted to $2,UsU,000,000, a decrease of $5$,000,000 for the week. This decrease corresponds with a decrease of $130,000,000 in money in circulation and an increase of $22,000,000 in monetary gold stock, o f f s e t in part by increases of $65,000,000 in member bank reserve balances, $22,000,000 in nonmember deposits and other Federal Reserve accounts and $6,000,000 in Treasury cash and deposits with Federal Reserve banks. Member bank reserve balances on December 30 were estimated to be approximately $1,950,000,000 in excess of legal requirements* Relatively small changes were reported in the System1s holdings of b i l l s discounted, purchased b i l l s and industrial advances, A decrease of $6,000,000 in holdings of United States Treasury notes was o f f s e t by increases of $1,000,000 in holdings of United States bonds and $5,000,000 in United States Treasury b i l l s . Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended December 30, 1936» v/ere as follows: Increase or decrease since Dec. 30 1936 Dec. 23 1936 Dec. 31 1935 (in millions of dollars) B i l l s discounted 5 B i l l s bought 3 >,430 IJ. S. Government securities Industrial advances (not including 21 million commitments - December 30) 25 Other Heserve bank credit 21 TOTAL BSSSRVE BAM CEEDIT Monetary gold stock Treasury currency Money in circulation Member "bank reserve "balances Treasury cash and deposits with F, R. baiafcs Nonmember deposits and other F. R. accounts 2,484 11,251,^3 tun 2,530 -4 -2 -1 -54 ~5S +22 -1 -7 +s -2 +1,126 +54 6,550 -130 +66s 6,572 2,599 544 +22 +9S5 -511 '+36 +65 (B-SOl) Released f o r publication Friday morning, January 1,1937; not e a r l i e r . B~801a ASSETS ASD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBIIHD ( I n thousands of dollars) Dec. 30,1936 Dec. 23,1936 Dec. 31,1935 8,851,878 12,74l 247,67.2 9,112,291 8,551,876 12,7^1 199,574 9,064,191 7,553,357 17,444 264,550 7tS35f351 4,521 856 5,377 7,029 1,853 8,832 l,54l 3,131 672 3,089 24,768 3,088 24,999 656 32,493 490,643 1,3^,963 598,621 2,430,227 — 2,463,46l 220 29,225 760,266 48,082 Hi,253 ^89,576 1,347,163 593,488 2,430,227 — 2,467 r196 221 23,834 7^7,244 48,082 Up,147 216,176 1,641,597 572,958 2,430,731 181 2,472,733 665 27,445 603,789 47,723 38,094 12,^,798 12,390,915 11,025,800 4,278,786 4,350,488 3,709,074 6,571,721 230,829 94,0l6 179,918 7,076,484 739,938 I3O.C33 1%^501 27^088 34,251 21,917 6,507/490 250,560 74,383 18114-28 7,013,8bl 672,619 130,624 145,501 27,088 34,248 l6,4s6 5,587,208 543,770 28,935 225,896 6,385,809 591,556 130,512 145,501 24,235 35,081 4,032 i 2 ,454,798 12,390,915 11,025,800 ASSETS Gold c e r t i f i c a t e s on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves B i l l s discounted: Secured by U.S.Gk>v!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 securities . . . . Dae from foreign "banks . F # R. notes of other banks Uncollected items Bank premises A l l other assets . . . . . TOTAL ASSETS 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 - Oeneral account . . . Foreign bank . Other deposits Total deposits Deferred a v a i l a b i l i t y items * Capital paid in Surplus (Section 7) Surplus (Section 13 0) Reserve f o r contingencies . A l l other l i a b i l i t i e s TOTAL LIABILITIES . . . . . . Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . # 80.2$ 79»8$ 77.6$ Commitments to make industrial advances 20,959 21,064 27,649 ASSETS AMD LIABILITIES OP THE FEDERAL RESERVE BAllUS OH DECEMBER 30, 1936 ( I n thousands of d o l l a r s ) B-SOLB ASSETS Total Boston New York Phila. Cleve. Gold c e r t i f i c a t e s on hand and due from U. S. Treasury 8,851,878 563,142 3,409,003 501,243 666,672 Redemption fund - P . R. notes 12,7^1 1,449 1,435 19^ 978 Other cash 247,672 20,1195 6^,583 24,124 19,336 Total reserves 9,112,291 525,086 3,475,021 525,56i 686,986 B i l l s discounted: Secured by U.S.Gov't obligations, d i r e c t or f u l l y guaranteed 2,410 360 ^,521 695 Other "bills discounted 856 22 6o4 28 27 Total h i l l s discounted 3»oi4 1,100 6,026 3S7 317 4,706 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 294,947 249,795 1,676,507 261,1+77 170,106 252,4g4 167,927 638,565 3^0 2,659 857 1,570 915 666 19S 1,480 15,215 13,477 28,232 15,09s 7,411 12,988 6,358 20,355 310,502 265,931 1,705,596 278,145 178/432 266,l4S 174,4S3 660,4oo 13 50 11 28 294 1,214 13 121 2,654 35 1 39 3 7 37 1,002 12 21 61 108 4oo 35 3S5 1,435 4o s6 424 10 61 1,070 37 87 794 1 ,0l4 27 1,334 21 213 1,223 23,3Sl 63,901 22,527 12,313 50,0^1 22,3% 25,409 69,445 31,001 5,377 3,089 24,76s 717 225 r> rl<~*c* djOUO 490,543 1,340,963 593,621 35,167 96,116 42,907 130,269 42,194 49,618 356,035 ]L15,317 135,612 152,939 51,479 50,539 25,3^0 69,254 30,916 20,025 54,731 24,432 57,324 156,670 69,939 Total U.S.Gov't securities 2,430,227 17^,190 645,243 208,930 245,769 125,510 99,ISC 283,933 115,209 90,707 125,255 100,637 214,336 Total b i l l s and securities 2,463,461 178,020 655,333 214,4oo 247,305 84 21 20 7,73^ 1,311 2,15s 194,671 56,334 72,137 10,866 5,079 6,525 31,250 3,196 1,669 128,29s 99,757 8 3,262 24,967 2,284 1,358 285,788 116,359 4 26 1,848 3,532 93,902 33,208 4,835 2,453 250 576 91,848 126,773 103,072 216,45s B i l l s bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury "bills Due from foreign banks F. R. notes of other banks Uncollected items Bank premises A l l other assets TOTAL ASSETS 220 29,225 760,266 4c,082 '41,253 17 326 81,128 3,113 453 12,454,738 S4S,I43 4,375,009 805,9023^22,800 10 2,408 67,395 2,919 1,207 3 1,535 18,026 1,53^ 283 6 1,445 38,799 3.368 313 20,318 43,285 55,530 118,301 24,729 52,210 6 1,034 25,443 1,526 336 15 T 2,582 47,656tC 3,5S0g 357tf> M 512,739 397,567 2,094,255 432,867 291,711 436,857 305,900 931,048 ASSETS AED LIABILITIES OF THE FEDERAL RESERVE BAIKS OH DECEMBER 30. 1936 ( i n thousands of dollars) B—801c L I A B I L I T I E S Total Boston ITew York Phila. Cleve. P.R.notes in actual circulation 1+,278,786 362,908 915*529 312,756 Deposits: Member bank - reserve account 6,571,721 359,37^ 2,902,122 333,282 U.S.Treasurer - General account 230,829 9,278 10^,251 6,859 Foreign baailt 9^,016 6,961 3^,28^ 8,71+8 Other deposits 179,913 3,075 95,171 1,556 Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve f o r contingencies A l l other l i a b i l i t i e s 7,076,1^1+ 379,183 3,135,328 405,1145 739,933 130,833 1^5,501 27,038 3^,251 21,917 TOTAL LIABILITIES 81,336 9.3SU 9,902 191,223 50,590 2,371+ 1,513 533 1+20,1+97 206,321 188,827 50,325 7,7^ 3,3^9 13,1+06 ^,231 3,000 lU,J+21 1.073 Chicago St .Louis 29,366 8,65!+ 12,573 9,016 1+,139 ^,952 3,037 3,292 ^.169 ^96,097 227,51^ 170,510 12,661+ 1^,371 1,007 3,110 639 63,935 H,717 5,136 3,41+S I,319 299 Minn. ICans.Cj. Dallas . San Fran. . 96^,7^2 183,91U 135,393 l f e , 3 2 6 1&5,50U 209,U07 160,012 53,730 12,211 Rich. Atlanta 2U.S06 1^,272 5,616 75I+" 2,556 226 92,01+2 333,031 91+2,518 191,6HU 116,1+97 221,132 162,1+33 1+72,21+6 tf,50U 6,372 15,^71 3^,H7 3,566 1+.992 2,728 2,72s 6,1*90 10,912 2,822 2,258 1,673 7,171 ^,96^ 137 3,77^ ^,653 939,220 205,203 1 2 3 , 7 1 1 223,551 175,357 95,323 12,324 21,350 1,391 7,573 1,327 3 3 , 1 7 , 3 1 2 36,095 3,732 2,9^3 ' 3.962 U,655 3,1^9 3,613 5U6 1,003 1,1^2 393 1,1*08 Sl+3 1+11 792 3 20 27,399 3,325 3,783 1,252 1,323 91^ 53M60 39,351 10,159 9,&5 1,696 l.S'49 ^57 12,1+51+,798 3l+3,ll+3 1+,375,009 305,902 1,022,800 512,739 397.567 2,09!+,255 1*32,867 2 9 1 , 7 1 1 ^36,357 305,900 931,01+3 Commitments to make industrial advances 20,959 2,050 ;,632 2l+7 1,230 2,333 290 25 1,125 71 333 ^39 M8i+ MATURITY DISTRIBUTION OF BILLS Al© SECURITIES Total B i l l s discounted B i l l s bought Industrial advances U.S.Government securities 5,377 3,089 2l+, 7bS 2,430,227 Within 15 days 4,737 19I+ 1,167 16 to 30 days 171 63 260 23,1+99 31 to 60 days 161 250 669 5M26 Si to 90 days 302 2,532 669 63,51+S 91 days to 6 months 1,676 292,766 Over 6 months 20,327 1,992,7^8 FEDERAL EESE3VS 1J023 SE&TJMEITC Oil SECELBSR 30, 193& ( i n thousands of d o l l a r s ) B-oOla Total Federal Reserve notes* Issued to ?.m"barik by F.HUkgent Held by Federal Reserve banL In actual circulation Boston ITew York Fhila # Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1+, 637,989 385,806 1,018,2.9*+ 331,151 452,1+90 22^,261 216,691 1,007,926 196,265 353,203 22,898 102,765 IS,395 31,933 1 7 , 9 ^ 27,861+ ^3,1SU 12,351 1^2,1^1 173.777 103,295 3B'5,S92 6,2^? 1 1 , ^ 1 11,253 k,2J8tJS6 135,*93 162,326 362,908 915,529 312,75^ 1+20,1+97 206,321 188,827 5 ^ , 7 ^ 2 183,91^ 92,0^2 333,031 Collateral held by agent as security f o r notes issued to bank:: Gold c e r t i f i c a t e s on hand and due from U. S. Treasury E l i g i b l e paper U. S. Gov't" securities U,616,838 1+06,000 1,025,706 332,000 1+57,000 226,000 176,000 1,030,000 171,632 128,000 ^,636 695 2,50$ 360 — — 50 — 1 3 95,000 — — — — -45,000 — 30,000 15,000 170,000 105,500 389,000 13 1,005 — 5,000 Total c o l l a t e r a l U,716,471+1+06,695 1,028,215 332,360 1+57,000 226,000 221,050 1,030,000 201,633 11+3,003 175,013 106,505 389,000
@FedFRASER