The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOE THE PEESS Eeleased for publication Friday morning, Feb# 21; not earlier. Board of Governors of the Federal Reserve System February 20, 193& C01TDITI01T OF FEDEBAL BESSHV3 BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended February 19f as reported by the Federal Reserve banks, was $2,50^,000,000, an increase of $8,000,000 compared with the preceding we^lf and of $38,000,000 compared with the corresponding week in 1935• On February 19 total Reserve bank credit amounted to $2,505,000,000, a decrease of $3,000,000 for the week. This decrease corresponds with decreases of $lU,000,000 in Treasury cash and deposits with Federal Reserve banks and $36,000,000 in nonmeniber deposits and other Federal Reserve accotmts and incre&sos of $5 f 000,000 in monetary gold stock, and $3,000,000 in Treasury and national bank currency, offset in part by increases of $US,000,000 in member bank reserve balances and $8,000,000 in money in circulation* Member bank reserve balances on February 19 were estimated to be approximately $3,0^0,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased b i l l s and industrial advances. An increase of $4,000,000 in holdings of United States Treasury b i l l s was offset by a decrease of $4,000,000 in holdings of Treasury notes. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended February 19, 193^, were as follows: Increase or decrease since Feb. 19 1936 Feb. 12 19?6 Feb. 20 1935 (In millions of dollars) Bills tm$tiiL Sil3Ls bcragkfe V. saettril&Gs Industrial advances (not including 27 million commitments - February 19) Other Iteserve "bask crodit f f 32 32 TOTAL E S S E C 2 3 D I E Monetary go!4 stads fraagtxty and n&ticm&l tt^i^ Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banlis Nonnieinber deposits and other F.R.accounts -i —_ -1 -3 45 fj 5»771 5>S32 2,979 5S2 +S +US -i 1 ! -36 +1 ^ 457 -23 4-329 +1,1S7 '+^7 +1^2 (B-S01) Released for publication Friday morning, February 21,1936; not earlier, B-SOla ASS3TS A1JD LIABILITIES • OF THE TflELVE FEDSHAL RESERVE BAHSS COMB IITED (In thousands of dollars) Feb, 19>1936 Feb, 12,1936 Feb, 20,1935 ASSETS G-old certificates on hand and due from U» S. Treasury Redemption fund - F. E. notes . Other cash • » * • Total reserves . . . . . Redemption* fund - F. E# bank notes • . . B i l l s discounted: Secured by TJ*S,Gov?t obligations, direct and/or fully 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 • . « Due from foreign banks 3P# R. notes of other banks Uncollected items Bank premises . . . All other assets , TOTAL ASSETS . . . 7.670,230 15,367 • 3*H.978 2,027,575 7,661,223 15,920 3371337 5,516,031 15»s52 253,317 5,785.250 250 3.7SO 2,807 6,537 M73 31,S6S 5,1^2 2,876 8,018 2,719 , 3,207 5,926 5,501 18,729 sfoib9kso 31,801 215,635 1,622 592.011 2,1+30,2U0 181 2,^73.5^9 61+8 18,552 559,987 ^7,799 39,016 215,681 1,626,808 537,752 2,^30,2ln 181 2,^,915 646 17,653 564,697 *+7,799 395,7^8 1,511,675 522,925 2,^30,31*8 11,167,126 11,159,572 8,81+3,3^3 3,664,670 3,656,138 3,127,655 1,21+2 2,46o,5o4 S07 18,6^9 Us2,633 ^9,1+36 1+5,8iU L I A B I L I T I E S F. R# notes in actual circulation F # H. bank note circulation - net Deposits: Member bank - reserve account . U.S.Treasurer - General account Foreign banic Other deposits • . * fptal deposits . . ? f • Deferr^ availability ifceias • # , •* »T* * « + k 9- * * Sorpliss (Section Eeserve for contingencies All other liabilities » . * T0IA1 IiIiSIUTIES Baiio «£ tofetl ret^rvee fc* j , B. ndfce l-laEbtliSiss Coiobiiiaa » , Contingent liability on "bills purchased for foreign correSpoadents * • Comitments to make industrial advances — 5,832,0^8 1+72,821 51,865 275a7S 4652,112 52SVSS5 156*713 26,419 3^,111 11,167*126 — 5,753,Sl4 1+81,816 67,998 . 296,053 6,629,681 532,326 13P,?03 3S5.5C4 &SM 3^.0^7 . . V77.9. 11,$59,572 4,644,795 38,1+22 13,629 17s,975 ^95,913 146,953 3&M95 12,751 30,821 7,296 8,81+3,3*+3 7S.35& — 26,893 — 26,562 366 12,91+0 ASSETS AND LIABILITIES OF THE FEDEBAL HESE&YE BAHKS Off YMWAm (In thousands of dollars) W, 1936 B~801b ASSETS Total Boston Hew York Phila. Cleve. Gold certificates on hand and due from u. S. Treasury 7,670,230 512,70s 3,^91,737 352.307 ^95,615 Redemption fund - F. E. notes 15,367 2,83*+ 1,7^7 835 70S Other cash 3^1,978 ^2,2^1 82,675 Uit0S7 2 8 , ^ 9 Total reserves 8.027,575 557,7S3 3,576,159 39^,729 52^,772 Bills discounted: Secured by U.S.Govt, obligation* 1+65 35 3,780 2,82U 3S direct and/or fully guaranteed 2,307 2,168 79 32 33 Other bills discounted 5I+5 67 Total bills discounted 6,527 ^,992 71 Bills bo-ught in open market '472 H-Uo 1,739 3^9 M73 7,678 Industrial advances 6,522 1,603 31,868 2,915 U.S.Government securities: 215,6SB ibMl Bonds 55.252 lb,8^+8 19,070 501,^65 122,350 151,366 1,622,5^4 108,935 Treasury notes 177,566 37,922 47,529 592,011 34,26s Treasury bills Bich# Atlanta Chicago St#Laute Minn. Xan$*Cy# Dallas San Fran, 226,770 173,Sl6 1,3^1,911 2 0 0 , ^ 6 IjSM&S 195,515 1 3 ^ 2 ^ 3SStU9S 2,597 % ^ 743 599 2,717 % 552 16,123 13,871 &*1®* 5.996 16,99^ 218,^6 lUo,8Uo 408,209 2^3,7^0 190,2SH 1,356,00® 820,105 IK) 15 55 190 U,131 137 12 1U9 163 885 Hi 379 2,075 3 15 IS 87 ^ — 79 B 61 1.580 65 272 337 133 1,191 Total U.S.Govt, securities Other securities 2,^0,2*40 157.678 1S1 — 73^,383 177,120 212,025 116,716 —— — 9^209 — 10,732 12,958 q.51'4 123,992 S5.6S6 l*7,T5* 74,049 23,281 123,?3£ 26,782 3^2,1^ 123.200 75*510 106tSi& — 181 Total bills and securities Due from foreign banks F.H.notes of other banks Uncollected items Bank premises All other assets 2,^73,5^9 l6l,013 6kS 50 12,552 559,987 57.252 ^7.799 3,113 39,0l6 ib6 7^8,792 lfifrf659 220,135 121,092 95.^06 256 63 SO 28 23 1 M98 681 1*383 1.37 * I.663 1^6,7^1 ^ , 5 5 7 51,6^1 ^ , 0 1 8 21,871 10,810 4,875 6,525 2,919 2,28^ 29,566 3,578 1,389 981 1,300 3^*^59 1^3.779 7?*^JQ 10S,6S6 JB k 3 19 2,632 1.9% 1,^2 T7»5*3 2 1 , 6 a 26,303 2,452 3.360 210 177 293 TOTAL ASSETS 10,209 81,031 8,2^0 65,UO6 20,563 52 27 120 79 133 1,73^ 154 327 l.iHo 16,560 17,^35 52,069 138,3S7 16,371 S6,346 200,952 19 ^5 333 1,230 22,67s 27,650 l r 52U 3,580 759 1^1 35,000 199.331 — 11,167,126 779.758 4,517,222 633,1^2 805,905 v41^,152 312,831 1,816,126 370,OS? 2 6 2 , ^ 360,559 253.099 0H»SO7 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS OH F3BE0A3T 19, 193$ (In thousands of dollars) B-801c L I A B I L I T I E S Total Boston New York F.R.notes in actual circulation 3,66^,670 32^,662 776,539 Deposits: Member bank - reserve account 5,832,01+s 359,SZk 2,836,767 U.S.Treasurer ~ General account 1+72,821 1+07,1+83 6,719 Foreign "bank 21,121 51,S65 3,583 Other deposits 21M3U 5,395 Total deposits 6,632,112 375,681 :5,1+80,205 Deferred a v a i l a b i l i t y items 528,885 55,63!+ 11+0,516 Capital paid in 9,i+oi+ 51,016 130,713 Surplus (Section J) 1^5,501 9,902 50,825 Surplus (Section 13b) 2,376 26,1+19 7,7^ Reserve for contingencies S,Sl+9 3l+,lll 1,^13 All other l i a b i l i t i e s 1S6 1,52s 715 11,167,126 779,758 >+,517,222 TOTAL LIABILITIES Ratio of total reserves to deposit 79.6 si+.o and F.R.note l i a b i l i t i e s combined 78.0 Commitments to make industrial advances 26,893 3,393 9,723 Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kails .Gy. Dallas San Fran,. 268,927 35^,222 17^,237 153,328 852,291 161,019 109,123 139,376 72,822 27S,12H 277,726 350,801+ 173,890 118,985 U,9S7 12,796 2,9S1 2,^07 i+,i+5l+ 2,130 ^,503 1,695 3,168 2,698 3,1^7 821,692 165,589 122,951 176,1+82 20,869 3,52S 2,1+10 1,162 5,616 l.Uofc 1,^52 7*511 132,303 12^,352 851,195 12,161 27,086 6S,9S0 3,0^1+ 3,930 12,037 3,1*9 21,350 3,&3 1,003 1,1^2 i,39i si+3 1,^83 7,573 217 1G2 130,879 296,299 2,073 2,761+ i,i+oi+ 3,3^1 10,S01 12,375 1 ^ , 1 5 7 jiKm 290,363 371,222 181,699 128,191+ 2H,SSl+ 25,963 1+0,632 1+9,2S6 1+3,601+ is,093 3,793 10,152 12,326 12,1+23 ^,597 5,IS6 5,616 3,7^3 13,1+06 1^,371 9,61+5 1,007 3,1+1+S 1,021 1,256 4,231 75^ 3,000 1,261 l,S*+? 1,328 3,lll 2,509 120 263 103 257 Zi 633,1^2 305,905 ^ , 1 5 2 312,S31 I , s i 6 , i a 6 3 7 0 ^ 7 262,1+32 360,559 253,099 61+1,207 70.6 72.3 539 1,721 68.5 67.6 2,290 396 S1J+ 106 65a 2,005 69,0 67*5 ilk 1,575 61+.6 68*8 590 4,1+37 MATURITY DISTRIBUTION OF BILLS ABD SECORIflSS B i l l s discounted B i l l s bought Industrial advances U.S.Government securities Other securities Total Within 15 days 6,587 l+,673 31,868 2,1+30,21+0 181 1+,5S0 1,190 1,81+0 35,630 l 6 to 30 days 769 703 2l+5 1+5,730 31 to 60 days 7*7 1,9^7 S35 175,526 6l to 90 days 360 833 1+55 1+6,816 91 ddfs t© 6 moatikg 87 1,67S 3l6,!+59 Over 6 months 1+ 27,035 1,810,079 181 ZEDEHAX, RESERVE 110IS SEAUHIEBT OH FEBRH&ST 19, 1936 (in thousands of dollars) B-SOld Total Federal Reserve notes: Issued to FJl.bank by FJl.agent Held by Federal Reserve bank In actual circulation Boston 3,95^,159 3^2,OSl 289,4S9 17,399 Hew York Phila, Cleve. Rich. Atlanta 887,461 284,219 369,940 182,884 173.3^7 110,922 15,292 15,718 2,647 20,019 Chicago St.Louis S86.532 163,080 34,241 7,06l Minn. Kans.Cy. Dallas San Fran. 112,935 1^7»9SS 3,812 8,612 7^,350 320,362 5*528 42,238 3,654,670 324,662 776,539 26s,927 35^.222 17^.237 153,328 852,291 161,019 109,123 139.376 72,822 278,124 Collateral held by agent as security for 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 Eligible paper U. S . Gov't securities Total collateral 3,584,343 356,617 905,706 284,500 370,440 176,000 132,685 894,000 150,632 114,000 11+3,000 79,000 278,263 — 61 12s 4,914 s 4o 69 3,560 512 319 35 137 — — 7,000 118,000 — — 18,000 43,000 8,000 x42,000 4,007,757 356,662 909,266 285,012 370,475 is4,o4o 174,822 894,000 i6g,64o ii4,o6l 150,319 79.0^9 321,391
@FedFRASER