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STATEMENT FOR THE PRESS Released for publication Friday morning, Dec, 6; not earlier,. Board of Governors of the Federal Reserve System December 5, 1-935 CONDITION 03P FEDERAL RESERVE BANKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended December kt as reported by the Federal Reserve banks, was $2,^75,000,000, practically unchanged from the preceding;week and $16,000,000 above the corresponding week in On December U total Reserve bank credit amounted to $2,470,000,000, a decrease of $2,000,000 for the week* This decrease corresponds with increases of $135,000,000 in monetary gold stock and $21,000,000 in Treasury and national bank currency, offset in part by increases of $116,000,000 in member bank reserve balances, $23,000,000 in money in circulation and $11,000,000 in nonmember deposits and other Federal Reserve accounts* Member bank reserve balances cn December k were estimated to be approximately $3,180,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $21,000,000 in holdings of United States Treasury bills was offset by a decrease of $21,000,000 in holdings of Treasury notes* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended December 1935, w ^ r e a s follows: Increase or decrease since Dec 4 k 1935,, Uov, 27 1935 Dec. 5 (In millions of dollars) Bills discounted Bills bought U« S* Government securities Industrial advances (not including 28 million commitments - December Other Reserve bank credit T0TA1 HE SERVE BANS CREDIT Monetary gald stock Treasury and national, bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with r,R .banks Nonmember deposits and other 2*.R.accounts 5 5 2,^30 -1 - -5 -1 —— — 32 -3 -1 -2 +22 +1 2,1+70 10,009 2.UU2 -2 +135 +21 +18 +1»8^8 -36 5.^3 5,905 2,626 545 +23 +116 +1 +11 +2 98 +1,832 +132 Releasee! for publication Friday morning, December 6, 1935? not earlier. B-301& ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Dec. 1935 Nov, 27, 1935 Dec. 5,1934 hmje'W ' *•• • • " •1 1 A S S E T S Geld certificates on hand and due from U. S. Treasury • Redemption fund - F. R. notes . i . Other cash • • Total reserves ..... Redemption fund - F. R. bank notes Bills discountedt Secured by U.SiGov!t obligationsi direct and/or fully guaranteed * Othei4 bills discounted • k 7,410,351 17,524 225,445 7,266,651 17,668 227,249 5,111,620 19,804 218,767 7,653,320 7,511*568 5,350,191 2,166 2,360 3,008 5,368 3*200 2; 832 6*274 4,192 6,032 10,466 4,675 32,395 4}6?4 32,6^14 5*682 10,204 219,948 1,630,725 579,508 2.19,940 1,651,757 558,482 395,588 1,405,248 629,368 2,430,181 2,430,179 2,430,204 181 181 2,472,800 2,473,700 2,456,556 644 18,550 543,286 50,279 43,413 645 20,038 531,236 50,278 43,329 803 21,122 449,696 53,275 50,475 10,782,292 10,63Qr794 8,384,284 3,648,243 3,626,782 3,213,805 27,477 5,905,115 42,672 39,109 244,335 5,788,991 53,768 43,787 237,782 4,073,385 98,369 15,636 160,272 .. 6,231,231 6,124,328 4,347,662 Deferred availability items Capital paid in Surplus (Section 7) . •. Surplus (Section 13 b) . . Reserve for contingencies . All other liabilities .. 547,149 130,437 144,893 23,457 30,701 26,181 533,284 130,436 144,893 23,457 30,700 16,914 454,865 146,860 138,383 3,873 22,293 29,066 10,782,292 10,630,794 8,384,284 Total bills discounted Bills bought in open market Industrial advances . . . . U. S. Government securitiesi Bonds . • Treasury notes Certificates and bills f Total U.S.Government securities Other securities Total bills and securities Due from foreign banks . » F. R. notes of other banks Uncollected items • . . . « Bank premises All other assets . . . •, TOTAL ASSETS __ L I A B I L I T I E S F. R. notes in actual circulation F* R, bank note circulation - net Deposits I Member bank - reserve account . U*S.Treasurer - General account Foreign bank Other deposits Total deposits TOTAL LIABILITIES .... -Ratio of total reserves to deposit and F. R. note liabilities combined .. Contingent liability on bills purchased for foreign correspondents 77.5% 77.0% — — Commitments to make industrial advances 27,717 28,002 70.8% 548 6,656 1 ASSETS AND LIABILITIES OP THE FEDERAL HE SERVE BANKS ON DECEMBER 4, 1935 (In thousands of dollars) B~801b A S S E T S Total Boston Gold certificates on hand and due from u. s. Treasury 7,^10,351 493.207 Redenrotion fund - F. R. notes 17,524 3.1^9 other"cash 2 2 5 , ^ 5 32,523 Total reserves 290 5,368 322 Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Certificates and bills Total U.S.Govt, securities Other securities 4,675 32,395 32 344 2,974 219,948 14,420 1,630,725 107,174 579,508 36,077 2,430,181 157,671 181 Total bills and securities 2,472,800 644 Due from fore igi banks F. R. notes of other banks 18,550 Uncollected items 543,286 Bank premises 50,279 43,413 All other assets TOTAL ASSETS 3,189,882 1,257 47,282 Phila. — 161,311 49 429 58,641 3.168 503 Cleve. Rich. Atlanta 352,530 491,245 233,897 167,512 1,365 1.211 9^9 2,944 29,532 13,^10 10,870 10,573 7,653,320 528,899 3,238,421 383,427 Bills discounted: Secured "by U.S.Govt, obligations. direct and/or fully guaranteed 2,369 3,008 Other bills discounted Total bills discounted New York 505,866 442 56 15 19 72 7 50 3,354 498 474 95 likk 946 8,240 1,799 7.751 6,832 1.719 79 173 4,407 60,664 16,348 19,069 10,209 * T T T 16s 491,659 120,845 148,849 79,684 64,318 189,494 39,927 50,106 26,823 21,651 741,817 177,120 218,024 116,716 94,209 — — — 685 25,793 Minn. Kans.Cy. Dallas San Fran. 215.551 1^3,137 841 557 13,895 7,097 196,232 87s 1^.530 21+5,736 181,029 1,1+12,963 230,287 150,791 211,640 2,120 1,234 Chicago St.Louis — 754,721 184,924 220,221 121,375 24 256 61 67 1,472 , 2.^05 932 4.735 131.957 45,534 49,992 48,386 12,136 4,805 6,632 3.028 32,069 3,910 1,506 1,076 — 95,418 23 1,152 150 58 23 9 173 555 1,854 67 80 4l4 1,707 1,145 25,^23 241,201 9,420 74,029 24,751 12,973 46,972 15,640 9,514 72,818 24,512 62 72 64 — — — 358,271 108,761 78 2,358 69,980 2,331 4,967 591 4 1,619 24,613 2,628 256 126,313 1+37,948 29 14 29 121 1,785 14 39 592 631 126 88,865 355,689 108,200 75,585 106,844 19,405 1,495 10 119,597 421,076 7O8 2,9^0 6,008 13,932 181 327 861 16,033 17,435 47,090 136,086 15.852 45,810 78,975 199,331 — — 77,428 108,927 80,910 200,533 3 642 15,447 1,580 466 17 352 20,398 1,445 30,712 3,449 257 1,686 837 45 1.009 2S,221 3,869 397 10,782,292 753,000 4,174,295 623,599 785.750 422,030 300,853 1,649,20s 368,16s 246,357 356,447 230,563 672,022 ASSETS AND LIABILITIES 01 THE FEDERAL RESERVE BANKS ON DECEMBER 4, 1935 (In thousands of dollars) B-SOlc L I A B I L I T I E S F.S.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 13 b) Reserve for contingencies All other liabilities Total Boston Eew York Phila. Cleve. Rich. Atlanta 3,648,243 315,072 790,376 262,291 344,098 184,936 152,69s Chicago St.Louis Minn. 2ans.Cy. Dallas San Fran. 5,905,115 346,449 2,908,420 260,961+ 350,^69 169,71+3 109,540 10,380 2,821 3»836 1,375 1,27s 1*2,672 3,111 14,856 3,799 3,646 1,4-20 1,382 39.109 2.763 184,621 244,335 2,587 13,044 2,690 1,876 3,913 879,556 164,892 104,433 1711,-347 115,175 324,027 629 l,4li 1,933 2,062 12,595 1,241 921 1,036 2,686 4,451 1,151 99S 624 13,926 2,855 7,579' 5,763 M57 899,^57 174,863 111,746 174,418 122,963 3^2,701 6,231,231 35^,910 3,118,277 280,628 360,741 174,4i4 116,113 547,149 58,S4o 130,488 ^3,305 49,628 47,790 18,760 130,437 9 , ^ 12,326 12,299 ^,591 ^,172 144,893 23,457 30,701 26,181 9,902 2,874 1,648 320 7,250 7,500 13,^70 2,098 19,437 1^,371 1,007 3,000 606 5,186 3,335 l,4n 5,540 75^ 2,516 300 833,0^0 158,062 110,204 i 4 o , i i 2 73,995 24,995 15.564 2,99S ,730 11,99^ .655 3,420 21,350 1,003 1,391 547 5,325 891 1,169 2,656 425 -251 73,622 277,732 31,879 23,^93 3,910 3,613 3.7S3 3,777 1,142 s 3J 52i 1,252 1,363 310 28,412 10,197 9,645 804 2,046 ^ TOTAL LIABILITIES 10,732,292 753,000 4,174,295 623,599 785,750 422,030 300,853 1,849,208 368,168 246,357 356,447 230,563 672,022 Ratio of total reserves to deposit 2).6 69.? 67.S 67.3 54.3 70.6 69.9 71.8 68.4 61.3 and E.E.note liabilities combined 77 »5 7S.9 S2.9 Commitments to make industrial advances 27,717 3,221 9,895 743 1,725 2,043 541 523 2,293 139 1,353 596 4,645 MATURITY DISTRIBUTION OF BILLS ilTD SECURITIES To tal Bills discounted Bills bought Industrial advances U.S.Government securities Other securities 5.36s 4,675 , 32,395 2,430,181 181 Within 15 days 3.71S 1 6 to 30 days 615 1,76s 1,56; 90,081 373 3^,250 3 1 to 60 days 6l to 90 days 250 192 721 829 50,495 1,571 1,072 67,3^3 91 days to 6 months 1,5^1 385,646 Over 6 month) 27,015 1,802,363 181 F3D2BAL E2S2EV3 1I0TE STATBMJBTT OH D2C3MBEB 1335 B-SOld (In thousands of do liars) Total Boston Hew York phila. Federal Reserve notes: Issued to F.5.bank by ?.B. agent 5,9^2,712 344,644 Held by Federal Reserve bank 294,4$9 29,572 In actual circulation Cleve. Sich. Atlanta 897,399 280,214 3oO,381 19o,308 170,282 107*023 11*923 16,253 11,372 18,184 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 870,112 166,027 113.352 147,131 37.072 7.965 3,148 7,019 81,507 3^,755 7,3^5 37,023 152,69s 833,040 158,062 110,204 140,112 73,622 277,732 3,642*243 315,072 790,376 268,291 344,098 184,936 Gold certificates on hand and due from U. S. Treasury Eligible paper U. S. Govt, securities 3,863,843 346,617 3,744 30S 121,100 913,706 280,000 361,9^0 179,000 125,685 1,854 U79 15 72 88 -18,000 47,000 881,000 I50 — Total collateral 3,988,687 346,925 915,560 280,1+79 361,955 197,072 172,773 881,150 166,694 Il4,l67 148,625 Collateral held by agent as security for notes issued to bank 158,632 105,000 136,000 75,000 301,263 62 8,000 67. 9,100 625 12,000 24 7,000 20,000 82,024 321,263
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