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STATEMStlT FOR THE PRESS Released for publication Friday morning, Feb. 2S; not earlier Board of Governors of the Federal Reserve System February 27, 1936 C01IDI2I01T OF FEDERAL RESERVE B£BKS The daily average volume of Federal Reserve bank credit outstanding during the week ended February 26, as reported by the Federal Reserve banks, was $2,Ug2,000,000r a decrease of $22,000,000 compared with the preceding week and an increase of $29,000,000 compared with the corresponding week in 1S35On February 26 total Reserve bank credit amounted to $2,^75,000,000, a do- . crease of $30,000,000 for the week* This decrease, corresponds with decreases of $30,000,000 in Treasury cash and deposits with Federal Reserve banks and ^,000,000 in nonmember deposits and other Federal Reserve accounts and increase® of $3,000,000 in monetary gold stock and $"3,000*000 in Treasury and national bank currency, offset in part by increases of $5,000,000 in money in circulation and $7rf000,000 in member bank reserve bal^&ces* Member bank reserve balances on February 26 were estimated to be approximately $3,060,000,000 in excess of legal requirements* Relatively small changes were reported in holdings of discounted and purchased bills» industrial advances and United States Government securities4 Changes in the amount of Resex^ve bank credit outstanding and in related items during the week and the year ended February 26, 1936, were follows: Increase or decrease since Feb* 26 Feb. 19 Feb. 27 (In millions of dollars) +1 -1 Bills discounted Bills bought tJ. S* Govdrxsmmt securities Industrial a&v&ac&p (not including 26 million commitments - February 26) Other Reserve bank credit 7 5 2,1*30 32 1 -31 +13 +13 TOTAL RESERVE BAIHC CREDIT Monetary gold stock Treasury and national bank currency 2.^75 -30 +25 +3 4-3 +1*639 -ig +14 +7 -30 +333 +1,251 -57 Money in circulation Member ban!; reserve balances Treasury cash and deposits with F#R*banks Honmember deposits and other F,R« accounts 10,163 2,502 5,775 5>s39 2,9^9 577 -5 +120 (B-S01) Released for publication Friday morning, February 2S,1936;not earlier. B-SOla ASSETS AI'TD LIABILITIES OF THE T3ELVE FEDESAL RESERVE BAIKS 0013 IKED (In thousands of dollars) Feb. 26,1936 Feb. 19.1936 Febt 27,1935 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. H. notes • . • • Total reserves Redemption fund - F. R* bank notes • . Bills discounted: Secured by U#S*Govf 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 Treasury bills •• Total U.S. Government securities Other securities . . . . . Total bills and securities • • . Due from foreign banks . • B. notes of other banks Uncollected items • . . . • Bank premises • • .. All other assets . • 7,670,230 lkfk02 3Ug 253 8f032fS91 7,670,230 15,367 2,027,575 — 5,5^3,025 15,799 257,047 5,815,871 250 4,099 2,8ft 6,932 3,780 6,587 3,H3 3,351 6,464 M73 31,773 M73 31,g6g 5,505 19.163 215,690 215,685 1,622,5^ 395,688 1,511,198 523>25 1,622,5^ 512.011 2,430,2^5 181 2,473,804 649 17,693 2,807 592,011 2,430,240 181 2,430,311 2,461,443 39,717 2,473,5^9 64S 18,552 559,987 1+ 7,799 39,016 11,159,5SS 11,167,126 8,870,736 f. R. notes in actual circulation # # F* R. bank note circulation - net • • Deposits: Member bank - reserve account , • # . U.S•Treasurer - General account # t # 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 3,677,076 3,664,670 5,838,70s 433,11s 5,832,O4S 145,501 26,419 34,110 5,026 145,501 147,031 144,893 26,419 3^, H i ^,715 30,824 6,593 TOTAL LIABILITIES Ratio of total reserves to deposit and F. R* note liabilities combined . • Contingent liability on bills purchased for foreign correspondents • * . . • 11.159.58S 11,167,126 8,870,736 TOTAL ASSETS 547,021 47,213 803 18,529 ^77,7^7 49,436 46,657 LIABILITIES Commitments to make industrial advances 52,7^7 269,757 6,59^,330 546,4is 130,70s 78.2$ —. 25,866 472,821 51,865 275,37s 6,632,112 528,SS5 130,713 78.0^ — 26,893 3,138,751 1,324 ^,587,9^9 99,181 14,355 196,746 4,898,231 490,259 12,830 72.4$ 357 13,963 ASSETS A1JD LIABILITIES OF THE FEDERAL RESERVE BAHKS OIT FEBHUABX 26, 1936 (In thousands of dollars) B-801b A S S E T S Total Gold certificates on hand and due from u. s. Treasury 7,670,230 Redemption fund - F. R. notes 14,402 Other cash 348,259 Total reserves 8,032,891 Bills discounted: Secured by U.S.Govt. obligations, direct and/or fully guaranteed 4,099 Other bills discounted 2,833 Total bills discounted 6,932 Bills bought in open market 4,673 Industrial advances 31,773 U. S. Government securities: 215,690 Bonds 1,622,544 Treasury notes Treasury bills 592,011 Total U.S. Govt, 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 Boston llew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 51^,786 3,468,688 369,652 502,486 230,101 182,388 l,323,4l4 195,635 158,555 193,330 134,382 396,813 2,797 1,524 767 646 5U9 2,506 459 681 4gl 726 587 2,679 42,738 87,013 4i,380 30,033 16,821 13,755 45,592 18,681 9,434 21,300 5,673 15,839 560,321 3,557,225 411,799 533,165 21*7,471 198,649 1,369,465 214,997 168,470 215,356 140,642 415,331 108 2,371 33 2,217 l4l 349 2,914 4,588 1,739 7,657 580 76 656 472 6,540 38 32 50 15 70 44o 1,608 65 190 100 107 4l 53 15 l4l 579 2,074 68 87 ^73 12 119 163 15 ~~66 66 61 1,501 250 265 133 1,132 & 46 625 98 133 1,733 655 30 327 1,139 4,123 879 55,252 l6.s4s 19,070 10,209 501,465 122,350 151,366 81,031 177,666 37,922 47,589 25,476 8,240 65,406 20,563 24,440 10,732 12,963 9»5i4 16,560 17,435 193,992 S5,oSo 47,758 74,049 52,069 138,387 123,732 26,782 14,854 23,281 16,371 43,509 2,430,245 157,678 : 181 734,383 177,120 218,025 116,716 94,209 342,164 123,200 2,473,go4 161,082 : 748,367 184,788 220,143 121,094 95,370 60 28 2 257 63 ? 980 2,124 5,113 719 1,377 129,352 43,375 53,827 43,838 18,954 6,526 2,919 2,284 10,823 4,875 30,328 943 1,286 3,587 1,385 14,427 108,985 34,266 .— 64^ 17,693 547,021 47,813 39,717 5p 4l4 60,542 3,113 135 —- — — — — — 344,958 123,828 78 75,575 106,844 85,000 :199,331 — — — 181 77,203 108,555 86,964 201,452 4 3 19 19 373 2,133 1,257 , 835 1,020 76,643 26,317 14,520 30,539 23,936 3r36o 4,826 1,524 2,%2 1,531 479 766 204 162 292 45 1,348 25,178 3,580 150 11,159,588 '785,657 4,481,465 649,206 816,483 :417,273 318,690 3-,798,307 369,017 263,041 359,141 254,224 647,084 1 ; ASSETS AKD LIABILITIES OF THE FEDERAL RESERVE BAKKS ON FEBRUARY 26, 1936 (in thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston Hew York Phi la. F.H.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 13b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 3,677,076 330,S35 CI eve. Rich. Atlanta 775,072 272,720 357,680 175,885 152,809 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, $52,032 160,361 109,215 139,^06 72,68s 278,293 800,192 15^,251 122,239 173,109 2SS.S1+1 355,256 17^,682 123,200 1 11,170 3,72S 3,620 4,397 16,^2 2,503 2,3SS 1,57^ 1,900 6,g7 5,oUs kssb 2,568 87*+ M55 3,2^1 l&Z 2,959 301,1+89 37^,661 183,366 133,575 825,529 171.795 130,^92 179,95^ iH.^H 30,035 Hi,706 52,936 +3,^22 is,991 77,100 3.03H 12,327 12,5+23 H.599 12,0^1 3,927 3,1^9 13,406 1^,371 5,616 5,ic6 21.350 3,613 1,003 1,1^2 75k H,231 1,007 3,1+1+s 1,391 1,^83 S,Sl+9 I,261 2,50s S92 8^3 3H.no 1,^13 3,000 3,lil 7,573 211 106 1,611 221 22*+ 29H 120 51026 123 221 1,1291 11,159,588 785,657 V4gi,4&5 61+9,206 8l6,Hg3 1+17,273 318,690 1,798,307 369*017 263,0^1 359,lHl 5,838,70s 355.175 2,S60,8l& 1*33,118 5,bl+0 369,756 boil IS,279 52,7^7 6.20k 209,639 269,757 6.59^,330 371,036 3.^53,513 5^6,His 60,027 127,832 130,70s 9.39S 5i,oiH 11+5,501 9.902 50,825 26319 2,876 7.7W Ratio of total reserves to deposit and F.R.note liabilities ooinbined 78.2 Commitments to make industrial advances 25,866 79.S 3,391 sH.o 9,723 J^i 71.7 323 72.8 1,667 6S.9 81.6 69.3 2,290 106 396 01.7 3,008 70.3 67.1+ 106 127,553 299.366 3,1+20 3,3% 1,57^ 3,7^5 12,569 12,3^1 145,01+3 313,872 26,185 26,953 3,793 10,151 3,7S3 9,61+5 1,256 61+.6 775 1,021 1,323 1,8^9 lHg 200 25l+,22i+ 61+7,081+ 69.6 587 l+,U9i+ MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought Industrial advances U.S.Government securities Other securities Total Within 15 days 6,932 M73 31,7 3 1 7 H.973 I,^52 1,333 39,295 2,1+30,21+5 181 16 to 30 days l,20l+ 2,00l+ 250 1+3,850 31 to 60 days Si to 50 days 121 5U1 71I+ 626 170,017 91 days to 6 months 88 Over 6 months 5 503 • 48,Sl6 1,658 318,835 26,91+7 1,809,432 181 FEDERAL RESERVE HOTE STATEMENT Oil FEBHUAET 26, 1936 (In thousands of dollars) B-SOld Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to FJl.bank by F.R.agent 3,966,1*57 3^8,320 885,790 288,193 371,^57 1SH,600 173,297 888,087 167,29s 113,321 1^8,856 79,1&+ 318,07U 289,381 17,^85 110,718 15,^73 13,777 8,715 20,*K>S ; 36,055 6,9^7 kt10S 9,1+50 6,^76 39,781 Held by Federal Reserve bank in actual circulation 3,677,076 330,835 775,072 272,720 357,680 175,8S5 152,889 852,032 160,361 109,215 139,^6 72,688 278,293 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper U. S. Gov't securities Total collateral 3.885,8^3 356,617 905,706 288,000 372,UHO 178,000 132,685 89^,000 1^,632 11^,000 1^0,000 79,500 280,263 5,22*+ 127,000 115 — 3,113 — — 62U — 38 50 107 8,000 1*2,000 100 — 58 2^,000 — 57 2^7 10,000 -- 8~[ 628 1*3,000 Mis,067 356,732 908,819 288,62U 372,M 186,050 17M92 S9M00 168,690 11^,057 150,2^7 79,587 323,891
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