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STATfiLffiNi FOR THE PRESS Released for publication Friday morning, Feb. 22; not earlier# B-SOl Federal Reserve Board February 21, 1935. CONDITION OF FEDERAL RESERVE BA1TKS The daily average volume of Federal Reserve bank credit outstanding during the week ended February 20, as reported by the Federal Reserve banks, was $2,466,000,000 a decrease of $1,000,000 compared with the preceding week and of $124,000,000 compared with the corresponding week in 1934. On February 20 total Reserve bank credit amounted to $2,448,000,000, a decrease of $2,000,000 for the week. This decrease corresponds with a decrease of $63,000,000 in Treasury cash and deposits with Federal Reserve ba~ks and an increase of $33,000,000 in monetary gold stock, offset in part by increases of $65,000,000 in member bank reserve balances, $12,000,000 in money in circulation, and $13,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $3,000,000 in Treasury and national bank currency. Relatively small changes were reported in holdings of discoimted 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 ended February 20, 1935» were as follows: Increase or decrease since Feb . 20 Feb. 13 1935 Feb. 21 193^ (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 1J million commitments - February 20) Other Reserve bank credit TOTAL RESERVE SAM. CREDIT Monetary gold, s.tock Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmember deposits and other F.R.accounts 6 6 2,430 19 -12 2,44g -l — -60 -69 -2 +1 -2 +19 -30 -2 -l44 +1,286 +221 — s,h g9 +33 2,522 -3 5.UU2 4,S4 5 2,932 +12 +65 -63 +13 +98 +1,815 -567 +17 Released for publication Friday morning, February 22,1935; not earlier. B~S01a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Feb. 20.1935 Feb. 13.1935 Feb.21.193H A S S E T S Gold certificates on hand and due from U. S, Treasury Other cash . . . . . . . . . . Total reserves . . . . . . Redenqption 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 5,516,081 15.852 253.317 5.^9.639 16,5*19 264,771 5,7^5,250 5.730,959 2,719 3,207 5,926 3.^51 3,059 6,510 5,501 18,729 18,375 250 . . . . . . Industrial advances . . . . . U. S. Government securities: Treasury notes Certificates and bills . . . . . . . Total U. S. Government securities . 395,7^2 1,511,675 522.925 2,430,34s 250 5,502 395.726 66,1+67 75,111 — 442,775 1,031,256 2,430,334 2,431,735 — 957,704 1,293 2,1+60,721 805 16,763 2,574,606 49,436 45,814 415,332 49,436 46.349 396,209 52,383 8,81+3,343 8,720,615 7,138,121 ... . . . 3,127,655 1,242 3.118,015 1,192 2,970,309 197,750 ... . . . . . . 4,644,795 38,422 13,629 1,7.8. m 4,875,819 4,580,341 72,31? 13.567 2,830,118 . . . . . . . 495,913 146,953 144,893 12,751 Total bills and securities Due from foreign bar-ks . . . . 2,460,504 S07 18,649 432,633 Bank premises . . . . . 18,927 1+7.51+0 1,511,683 522,925 — Other securities 3,712,311 >+1,503 213,90*+ 3,967,718 12,159 . . . . . . . . TOTAL ASSETS 3,4oo 15,027 116,619 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 . . . . . . . . . Total deposits Deferred availability items Capital paid in Surplus (Section 13 b) Reserve for contingencies All other liabilities . . . . . . . . . . . TOTAL LIABILITIES 30,821 7,296 8,8^3,31+3 167,91+5 4,834,165 1+26,371 4,871 127,349 3,127.884 382,533 146,928 144,893 145,309 12,1+1+7 138,383 30,822 5,782 22,524 8,720,615 7,138,121 , Batio of total reserves to deposit and F. R. note liabilities combined ... Contingent liability on bills purchased for foreign correspondents . . . . . 72.3$ 366 366 Commitments to make industrial advances 12,940 12,51+0 165,546 72.1* — 65.1st 4,635 — ASSETS AND LIABILITIES OF THE FEDERAL RESERVE B A M S ON FEBRUARY 20, 1935 A S S E T S (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta B-801b Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 5.516,081 1+0^220 2,128,108 269,SIS 1+01,265 1S7,559 109,360 1,053,715 199,305 136,203 188,1+31+ 119,392 31S,702 Redemption fund - F. R. notes 15,852 375 1,307 2,128 1,61+0 1,359 3,^59 660 1+1+5 I+76 I+96 227 3,280 Other cash 253,317 29,578 70,710 35,231 10,35S 10,^02 13,21+7 26,958 9,599 10,871 11,035 6,533 18,795 Total reserves 5,785,250 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 IL. S # Government securities:.; Bonds treasury notes Certificates and bills Total U.S.Govt, securities Total "bills and securities Due from foreign "banks 3T; E. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS ^,173 2,200,125 307,177 1+13,263 199,320 126,066 1^0 1+9 25O 250 2,719 3,207 71 8 1,4202,517 323 378 287 122 215 31 5,926 79 3,937 701 U09 5,501 IS,729 395,7^8 1*511.675 522,925 2,1+30,31+8 1+0I+ 2,001+ 23,215 99,055 35,^09 157,679 2,1+60,501+ 160,166 60 807 18,61+9 326 1+82,633 1+9,81+3 1+9,1+36 3,168 696 i+5,sii+ 2,100 555 523 21+6 201+ 1,321 3,7S3 1,217 2,97*+ 189 198 1,086 1,081,333 209,31+9 13 200 — — — — 200 651 105 1,356 1+97 81+ 1,832 61,065 268,902 90,876 13 126,152 3^0,777 10 67 20 17 20 18 77 ll+9 37 11+3 1,350 38 1*47,550 139,965 — 633 385 676 25,137 30,55S i M 5 9 13,637 1+72,770 105,01+9 134, Ui8 65,^1+6 59,1+1+5 157,6oU 36,931+ 1+8,01+8 23,357 21,251 770,31s 167,120 213,021+ 103,562 9^,333 15,9^9 67,958 2l+,293 15,37^ 37,150 13,095 13,333 57,837 18,818 23,859 38,790 101+.955 1+20,81+3 108,200 65,619 9i,si+i+ 71,1+75 777,676 172,159 215,173 106,986 95,806 1+23,050 108,815 67,535 29 l,ll+S 2,572 1,228 67,575 21,220 2,628 ^,955 8 6 697 11,756 139,9^ 319 S3 76 5,609 51+9 1,023 130,061+ 36,1+18 1+3,882 11,598 i+,525 6,629 32,132 i+,636 1,557 30 1,369 38,1+1+5 3,028 15,815 2,325 1,356 1,770 97 955 230 1,580 73S 20,671+ 13,867 37,517 166,331 92,703 73,005 167,1+30 22 21 56 26I+ 3,021 81+3 27,21+2 3,1+1+7 299 18,803 i,6si+ 891+ 21,570 3,869 551 8,81+3,31+3 61+8,682 3,157,523 525,5^7 681,603 350,53^ 21+2,959 1,520,537 3^3,^78 229,862 32*+,52l 220,823 537,27*+ ASSETS AND LIABILITIES OP THE FEDERAL RESERVE B A P S ON FEBRUARY 20, 1935 (In thousands of dollars) L I A B I L I T I E S Total Boston F.R.notes in actual circulation 3.127,655 265,952 F.R.bank note circulation - net l,2*+2 1,2U2 Deposits: Member bank - reserve account M H H . 7 9 5 297,9^ U.S.Treasurer - General account 38,1+22 3,557 967 Foreign bank 13,629 Other deposits 3,856 172,973 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b ) Reserve for contingencies All other liabilities TOTAL LIABILITIES New York Phila. Cleve. 653,731 231+^96 303,766 Rich. Atlanta 15!+, 087 126,378 B-S01c Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 777,1|67 138,722 IOH,802 116,19^ ^8,073 198,987 2,117,029 217,622 295.692 138,71+1+ 80,97^ 681,1+52 151,567 95,032 167,720 137,80H 263,21 2,672 2,789 7,628 1,259 1,771 3,8^3 ^.736 1.753 1.26s 1,352 5,79 1+97 9U0 5,ll+5 1.275 1+83 1,329 1,557 ^3 322 362 3*+9 114,3^8 3.51s 2,107 2,72s 1,823 i+,29l 15,183 6,636 2,083 2,023 20,377 691,11+3 171,889 103,7^3 171,1+33 ll+l,528 290,326 1+,875.819 306,321+ 2,2^,150 222,033 302,256 ll+l+,020 86,971+ 132,640 35,009 U 3 . 7 W 39,017 16,196 70,185 22,33^ 12,221 27,7^1 21,303 24,61+5 1+95,913 50,876 5,006 12,76s 1+.071 3,133 l+,0l+8 i+,oi7 10,791+ *+,372 59,711 15,ll+5 13,121+ 11+6,953 10,761+ 3,^20 lUl+,893 9,902 1+9,961+ 13,^70 14,371 5,186 5,51+0 9,61+5 21,350 M 5 5 3,777 3,613 626 1,003 1,007 1,697 2,098 535 75^ ^77 523 1,315 12,751 1,789 877 808 2,062 891+ 1,211 30,821 1,61+8 2,996 3,000 1,1+16 2,597 7,501 1,363 5,325 230 161 lHS 9Si+ 1+36 300 105 185 136 7,296 329 3,9^9 333 8,8^3,31+3 61+8,682 3,157,523 525,5^7 681,603 350,53^ 21+2,959 1.580,537 3^3,^78 229,862 32*+,521 220,823 537,27*+ Ratio of total reserves to deposit and F.R.note liabilities combined 72.3 Contingent liability on bills purchased for foreign correspondents 366 Commitments to make industrial advances 12,91+0 75.9 75.S 67.3 66.9 68.2 59.1 73.6 67.H 70.8 69.5 66.5 23 166 31 30 12 11 37 9 8 9 1.933 1+.930 310 1,326 627 732 *+53 1.335 30 iss 69.6 8 -- 22 1,076 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought in open market Industrial advances U, S. Government securities 5,926 5,501 18,729 2,1+30,3^+8 Within 15 days *+»528 3,^99 97 39,690 16 to 30 days 733 163 1+32 12l+, 180 31 to 60 days 157 905 1,225 179.05^ 6l to 90 days 271 93>+ 893 92,368 91 days to 6 months 227 925 503,130 Over 6 months 10 15,157 1,1+91,926 FEDERAL RESERVE NOTE STATEMENT ON FEBRUARY 20, 1935 (In thousands of dollars) Total Federal Reserve notes* Issued to F.R.bank by F.R.Agent Held by Federal Reserve "bank Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis B-SOld Minn. Kans.Cy. Dallas San Fran. 3,^19,985 286/482 292,330 20,530 7 ^ , 0 7 5 250,9^9 317,228 162,276 1^3,28^ 1 0 5 , 3 ^ 1 6 ^ 5 3 13,^62 8,189 16,906 815,2^5 lUU,782 109,059 12U,031 37,778 M60 4,257 7>837 53,577 2US,997 5 » 5 W 50|010 3,127,655 265,952 658,731 23^,^6 303,766 I 5 M 8 7 126,378 777,^7 13S,722 104,802 116,1$* ^8,073 19S,987 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and 3,280,827 301,617 due from U.S. Treasury i+,201 80 Eligible paper 199,100 U. S. Govt, securities 788,706 216,500 288,215 139,3^0 80,685 819,390 135,936 105,500 125,000 514,675 225,263 200 13 — kj 37 38 -10,000 4,100 ~ ~~ 30,000 819,590 1^5,9^9 109,600 125,01+7 5^,712 255,301 In actual circulation Total collateral 3,UsUfl28 301,697 2,379 598 U09 221 179 35,000 30,000 25,000 65,000 791,085 252,098 31s,62k 16l+,561 145,sSk FEDERAL RESERVE BANK NOTE STATEMENT ON FEBRUARY 20, 1935 (in thousands of dollars) Total Federal Reserve bank notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank In circulation - net* Collateral pledged a?ainst outstanding notes: Discounted and purchased bills U. S. Govt, securities Total collateral Boston 11,719 10,1+77 1,2^2 1,511 269 1,2^2 17,000 17,000 5,000 5,000 New York Phila. -— 10,208 10,208 — — — — — 12,000 12,000 Cleve. Rich. Atlanta Chicago St^Louis Minn. Kans.Cy. Dallas San Fran. — — — — — — — — — ~ — — — — — •Does not include $95»62^,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.
@FedFRASER