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STATEMENT FOR THE PRESS B-SOl Federal Reserve Board February 11+, 1335 • Released for publication Friday morning, Feb. 15; not earlierf CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended February 13, as reported by the Federal Reserve banks, was $2fM)7,000,000, an increase of 000,000 compared with the preceding week and a decrease of $1^2,000,000 compared with the corresponding week in 193^ On February 13 total reserve bank credit amounted to $2,^50,000,600, a decrease of $16,000,000 for the week. This decrease corresponds with a decrease of $53»000,000 in member bank reserve balances and increases of $35i0°°>000 i n monetary gold stock and $22,000,000 in Treasury and national bank currency, offset in part by increases of $23t000,000 in money in circulation, $65,000,000 in Treasury cash and deposits with Federal Reserve banks, and $5,000,000 in nonmember deposits and other Federal Reserve accounts * Relatively small changes were reported in holdings of discounted and purchased bills, United States Government securities and industrial advances# Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year dnded February 13, 1935t w e r e a S follows: Increase or decrease since Feb. 13 Feb. 6 Feb, ik (In millions of dollars) Billa discounted 7 Bills bought 6 U. S. Government securities 2,1+30 Industrial advances (not including 13 million commitments - February 13) IS Other Eeserve bank credit -10 -16 +18 -17 TOTAL RESERVE M M CREDIT Monetary gold stock Treasury and national bank currency 2,^0 8,1+56 2,525 •16 +35 +22 +2Zk Money in cimal&tio* Member bank reserve balance* Treasury cash and deposits with IVI.ba&kf Nonmember deposits and ether ?.R#accounts 5,^30 4,580 +23 -53 +109 +1.729 •5 + 7 +i -6i -so -2 +65 -396 Released, for publication Friday morning, February 15»13355 not earlier. B-80la ASSETS A3® LIABILITIES OF THE TWELVE FEDERAL RESERVE 2MK.S COMSIOT) (in thousands of dollars) Feb. 13,1935 Feb. 6,1935 Feb. 14,1934 A S S E T S Gold certificates on hand and due from U. 8. 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 . . . . . Certificates and bills Total U.S.Government securities Othefraactujitiss. ,...',:... Total bills and securities ..... Due from foreign baniia F. R. notes of other banks . Uncollected items Bank premises . . . . . . All other assets TOTAL ASSETS 5,^9,639 16,5^9 5,445,101 16,559 5,730,959 270.330 5,731.990 1,759 250 3,451 3,059 6,510 5,502 18,375 3,124 3,304 6,428 5,503 17,824 522,525 2,430,334 395,630 1,511,666 522,925 2,430,221 — — 395,726 1.511,683 3,582,092 42,23*1 222.460 3,846,736 12,387 19,264 68,405 86,086 — 443,045 1,026,142 . 962,837 2,432,024 1,293 2,460,721 2,459,976 2,587,808 S05 805 3,400 16,763 415,332 49,436 17,165 416,543 49,336 46,3^9 45,286 8,720,615 8,722,860 52,382 116,^33 7,134,292 3,118,015 1,192 3,101,685 25,627 2,952,541 199,358 4,580,341 4,632,647 13,567 35,^ 13,424 2,850,888 45,654 3,610 126,417 16,222 499,17*4 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 avai lab ili ty: items Capital paid in ..... Surplus (Section 7) • • • Surplus (Section lj»b) . . Reserve for contingencies All other liabilities . . TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advancesr 72,312 -....167,945, M3M65 426,571 146,928 144,893 12,W7 "SO, 822 5,7?2 8,720,615 72.1$ 162,£s4 4,844,139 l'-io.^bS 30,522 5,270 8,722,360 72.1* 366 3 66 12,51+0 12,314 3.026,569 497,108 145,081 138,323 25,^24 152,758 7,134,292 64.3$ 4,284 ASSETS A1TD LIABILITIES OF THE FEDERAL RESERVE BA3KS OIT FEBRUARY 13, 1935 (In thousands of dollars) ASSETS Total Boston Hew York Phila. Sieve. Rich. Atlanta B-SOlfc Chicago St.Louis Minn. Kans.Cy. Dallas San Frar G-old certificates on ha,nd and due 5,^+9,639 ^07,960 2,072,723 267,199 393,253 190,566 110,432 1,042,970 is6,S06 132,671 194,869 120,236 323,354 from U, S. Treasury 496 514 246 1,694 218 3,306 486 16,5^9 813 2,169 Hedemption fund - F. H. notes 3,539 1,533 1,535 12,153 11,026 28,807 11,117 20,016 ll,9o2 14,402 36,032 70,085 10,75s Other cash 7,055 264,771 31,352 Total reserves 5,730,959 439,804 2,144,343 305,400 4o6,4i2 204,222 128,373 1,072,590 19s,060 150,006 207,536 127,537 346,676 — — — — — — — — — — — 250 250 Eedemotion fund - F.R.banlc notes Bills discounted: Secured by U.S.Gov't, obligation;3, 20 10 100 28 — 100 442 292 direct and/or fully guaranteed 1,976 343 25 115 3.^51 — — — 20 430 122 70 Other bills discounted 3,059 17 49 23 2,297 31 Total bills discounted Bills bought in open market Industrial advances U. S. Governrnent securities: Bonds Treasury notes Certificates and bills Total U.S.Govt, securities Total bills and securities Due fron foreign banks F. H. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 312 6,510 5,502 12,375 4o4 1,974 395,726 1,511,623 99,055 23.21-5 522,925 35,^09 2/430,331* 157,679 2,460,721 160,369 60 S05 320 16,763 ^15,332 46,264 3,168 1*9,^36 674 U6,3H9 564 164 1,201 131 204 2,773 1,076 139,945 25,137 30,55s 472,770 105,049 134,418 157,603 36,934 48,043 14,859 65,346 23,358 59,445 21,250 4,273 2,101 1,201 773 555 3,979 523 19s 100 651 1,293 28 105 480 — 84 1.S25 95 149 635 37 143 1,287 33 3S5 651 770,318 167,120 213,024 103,563 94,229 61,065 15,9^5 15,454 13,334- 18,820 23.S57 268,902 67,95S 37,159 57.S37 38,789 104,955 90,876 24,294 13.095 20,673 13,866 37,519 420,843 108,200 65,708 91,S44 71,475 166,331 777.893 172,427 215,312 106,671 95.667 30 76 29 317 S3 4,674 417 994 1,291 1,237 91,351 32,767 4O,5§4 36,508 18,268 4,525 6,629 3,028 2,325 11.59S 1,340 32,508 4,876 1,762 1,533 422,887 108,813 8 97 1,878 1,549 53,77s 23,590 2,628 4,955 916 229 13,53*+ 67,617 92,723 72,942 167,400 56 22 21 6 300 927 846 2,330 11,194 26,350 14,579 20,159 l,6s4 1,580 3,869 3,447 749 314 898 550 8,720,615 650,909 3,062,6S4 520,495 671,430 353,090 2^7,661 1,557,101 33^,277 232,079 331,23s 217,961 541,o4o ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON FEBRUARY 13, 1935 (in thousands of dollars) L I A B I L I T I E S Total Boston New York phila. 3,118,015 264,127 F.R.notes in actual circulation 657,286 234,916 F.R.bank note circulation - net 1,192 1,192 Deposi ts: Mernber "bank - reserve account 4,580,341 311,529 2,039,529 210,305 U.S.Treasurer - General account 72,312 4,092 44,170 1,686 Foreign bank 13,567 967 5,083 1,329 Other deposits Total deposits 4,834,165 320,537 2,189,462 217,333 Deferred availability items 426,371 40,766 95,^97 34,032 Capital paid in 146,928 10,763 59,71^ 15,146 fvrplus (Section 7) 144,893 9,902 49,964 13,470 Surplus (Section 1 3 b ) 12,447 1.789 877 2,098 Reserve for contingencies 30,822 1,648 7,501 2,996 All other liabilities 5,7*2 454 185 2,383 Cleve. Rich. Atlanta Chicago St.Louis 303,572 15^,557 125,i4i 236,703 144,442 85,513 3,719 3,656 2,829 1,275 497 483 612 _ 109 2,625 295,31^ 150,704 91,^50 40,724 34,471 17,669 13,146 14,371 1,007 3,000 346 4,985 5,186 1,697 l,4i6 7^ M72 5,540 754 2,59S 137 TOTAL LIABILITIES 8,720,615 650,909 3,062,684 520,495 671,480 353,090 247,661 Ratio of total reserves to deposit and F. R. note liabilities combined 72.1 75.2 75.3 67.5 67.9 66.9 59.3 Contingent liability on bills purchased for foreign correspondents 366 23 166 31 30 12 11 Commitments to make industrial advances 12,540 1,884 4,765 310 1,333 591 735 B-SOlc Minn. Kans.Cy. Dallas San Fran, 773.297 137,216 103,7^7 H5,397 48,200 199,959 665,696 147,238 101,267 177,721 135,267 275,126 507 962 1,517 2,384 2,33^ 4,456 403 322 362 3^9 9^0 1,557 10,378 12,326 6,286 __2.249 1.692 17.976 679,965 164,423 108,382 181,294 138,825 296,426 62,167 22,30s 10,840 25,605 20,987 21,305 12,760 4,049 3,13^ 4,o4s 4,021 10,790 9,645 3,^20 3,777 21,350 4,655 3,613 626 1,241 5S5 293 477 1,003 2,062 SOS 894 1,211 1,363 5,325 26s 180 162 142 996 255 1,557,101 3 3 M 7 7 232,079 331,238 217,961 5U1,o4o 73.S 37 453 65.5 70.7 9 1,335 70.0 8 68.2 9 30 28 69.8 8 — 22 1,076 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought in open market Industrial advances U. S. Government securities Within 15 days 6,510 5,321 18,375 93 5,502 2,430,334 660 36,222 l6 to 30 days 181 3,426 618 120,030 31 to 60 days 675 817 702 80,750 6l to 90 days 286 599 1,315 183,618 91 days to 6 months 37 956 510,586 Over 6 months 10 14,691 1,499,128 FEDERAL RESERVE TFOTE STATEMENT OH FEBRUARY 13, 1935 (In thousands of dollars) Total Boston New York Phila. Federal Reserve notes: Issued to F.R.bank by F.R.Agent Held by Federal Reserve bank Cleve. Rich. Atlanta Chicago B-801d St.Louis Minn, Kans.Cy. Dallas San Fran. 3*382,2^2 287,523 264»227 23,^6 751.H2 251,326 316,6^5 163,299 1^3*573 93>g26 l6,UlO 13,073 8*7^2 18,^37 802,990 1^1,753 108,087 122,912 29,693 3>937 7»515 in actual circulation 3,118,015 26^,127 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U . S . Treasury 3,252,U50 301,617 Eligible paper 5,08U 312 U. S. Govt, securities 199,000 ~ 657,286 2 3 M 1 6 303,572 15^,557 125,1^1 773*297 137.816 103,7^7 115,397 Us,200 199,959 788,706 216,500 288,215 139,3^0 80,685 3,oiU 670 56H 106 15U 35,000 30,000 25,000 65,000 805,513 128,936 109,000 12^,000 5M75 215,263 100 28 — 66 37 33 lU,000 ~ — — 30,000 3^56,53U 301,929 791,720 252,170 318,779 l6U,UH6 1^5,839 805,613 1^2,964 109,000 12^,066 5^,712 2^5,296 Total collateral 5 3 t ^ 239*283 5^7** 39*32^ FEDERAL RESERVE BASK 00 TE STATS LETT 01! FEBRUARY 13, 1935 (In thousands of dollars) Total Boston Federal Reserve bank notes: Issued to F.R.barik(outstanding) Held by Federal Reserve bank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills 11,719 Hew York Phila. 1,511 10,527 319 1,192 1,192 17,000 5,000 17,000 5,000 10,208 — 10,208 Cleve. — Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San Fran. — — — — — — ~ , 12,000 U. S. Govt, securities — 12,000 Total collateral *Does not include $96,815*000 of Federal Reserve bank notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States*
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