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STATEMENT FOB TEE PRSSS Released for publication Friday morning, Jan* 17; not earlier* Board of Governors of the Federal Reserve System January 16, 1936. CONDITIO!! OF FEDERAL 3ES33VE B A M S The daily average volwie of Federal Reserve bank credit outstanding during the week ended January as reported by the Federal Reserve banks, was $2,485 ,000,000, an increase of $5,000,000 compared with the preceding week and of $21,000,000 compared with the corresponding week in 1935• On January 15 total Be serve bank credit amounted to $2,^25,000,000, an increase of $9,000,000 for the week. This increase corresponds with increases of $ U U f 0 0 0 ,000 in member bank reserve balances and $19,000,000 in nomaember deposits a n d other Federal Heserve acccmnts, offset in part by increases of $14,000,000 in mo rue tar y gold stock and $16,000,000 in Treasury and national ban],: currency and decreases of $61,000,000 in money in circulation and $31,000,000 in Treasury cash ancS. deposits with Federal Reserve banks. Member bank reserve balances on January 15 were estimated to be approximately $3,090,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased b i k l s and industrial advances. An increase of $17,000,000 in holdings of United States Treasury bills was offset by a decrease of $17,000,000 in holdings of United States Treasury rrites. Changes in the amount of Reserve bank credit outstanding and in related items during the v/eelc and the year ended January 15, 1936, were as-follows; Increase or decrease since Jan. 15 1936 Jan. 8 JS&2L. Jan. l6 1935 , (In millions of dollars) Sills discounted Bills bought U # S . Government securities Industrial advances (not including 2~[ million commitments - January 15) Other Reserve "bank credit TOTAL HES3SRV3B B A M CREDIT Monetary gold stock Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with PJ1. banks Honmember deposits and other F . R . accounts 5 5 2,^30 -12 -1 — — — — — 32 13 +10 ' +17 +13 10,15s 2/492 +q +14 +16 +17 +1.SS5 -12 5,722 5.S59 3,013 537 -61 +114 -31 +19 +31+0 +1,471 -1 +S0 B-S01 Released for publication Friday morning, January 17*1936? n o t B-S01a earlier. ASSSTS 4&D LIABILITIES OF TEE TWELVE FEDERAL H3SEHVE BANKS COMBINED (In thousands of dollars) Jan. 15,1936 Jan. 8.1936 Jgt. 16,1935, 7,617,SSI 7,552,873 17,170 5,237,503 - 303,647 2871 ^ 7.873,690 5,5^-2,3^5 A S S E T S Gold certificates on hand and due from U , S. Treasury ^Redemption fund - f , fi. notes . , Other cash , Total reserves , . Redemption fund E . bank notes Bills discounted: Secured by U.S.Gov't obligations, direct 16,^35 327,896 7,962,212 1,752 and/or fully guaranteed . # Other b i l l s discounted , . . . . . . . * Total b i l l s discounted . . . . . . . Bills 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 v . • F. E. notes of other banks • . « • » . . • Uncollected items . . . . . . Bank premises . . • • . . . • • • . . » • All other assets . . TOTAL ASSETS . • L I A3 2,637 2,7^. 5,352 4,657 32,239 2,358 . 3,02^ 5,381 4,656 32,014 13,604 3»6i7 17,221 5,562 14,826 215,6S7 1,624,598 2,^30,2^3 181 2,^72,672 663 30,030 601,917 47,736 39.104 215,678 1,641,603 572,958 2,430,239 181 2,472,471 665 30,508 4^9,777 47,740 38,082, 395,627 1,508,667 525,925 2,430,219 2,467,828 806 24,226 505,729 49,296 , ^5,589 11,154,384 10,962,933 8,637.571 3,619,651 3,655,764 3,099,050 25,869 5,745,146 4,337,560 67.227 18,339 196,677 4,669,303 506,428 146,839 ILITI3S 2. notes in actual circulation . . . . B, bank note circulation - net . . . . Deposits: Member bank - reserve account . . . . . . U.S.Treasurer - General account . . . . . Foreign bank . Other deposits . . . . . . . . . . . . . Total -deposits • • • . . • • * . Deferred availability items . . . . . . , Capital TDaid in . . Surplus (Section J) Surplus (Section 1} b) . # Reserve for contingencies All other l i a b i l i t i e s . « . . . . # . . . — 5,853,865 1+61,633 43,546 6,6^,998 529.917 130,609 145,772 26,4o6 33.693 Liii 11,154,334 TOTAL LIABILITIES Rati^o of total reserves to deposit and I/.&.note l i a b i l i t i e s combined # * . . . 77.95^ Contingent liability on b i l l s purchased for foreign correspondents • — Commitments to make industrial advances — . 27,213 460,828 34,881 229,765 6,470,620 497,233 110,516 145.772 26,334 33,692 3,002 10,962,933 144,893 10,526 30,808 8,637,571 77. 4 — 27,284 567 10,846 ASSETS AND LIABILITIES OP TEE FEDERAL RESERVE B A M S Oil J M U A M 15, 1936 (In thousands of dollars) B-SOlb A S S E T S Total Boston New York Phi la. Cleve» Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Gold certificates on hand and due ) from U . S . Treasury 7,617,881 5^1,506 3.3 +l»7SS 1+10,891+ 50*+,917 217,806 170,1+18 1,361,968 190,59*+ 151,080 196,088 132,7^0 398,082 Redemption fund - E . R . notes 16,1+35 2,9l+S 1,1+53 1,055 938 1,357 2,772 353 765 521 806 650 2,817 other cash 327,896 39«Q59 70.352 39*307 25,396 16,899 1 M 2 2 1+2,631+ 20,800 10,239 22,11+2 7,017 19,929 Total reserves 7,962,212 583,513 3.^13.593 ^ 1 , 2 5 6 531,251 236,062 187,312 1,^04,955 212,159 l6l,gl+0 219,036 Bills disccruntedt Secured by U.S.Govt, obligations, direct and/or fully guaranteed 2,637 2*+7 61+ 21+0 — — 1,878 3 75 ^5 Other bills discounted sH 1+1 80 12 2.715 33 13 1,895 15 33 Total bills discounted 18 SO 321+ 58 1+1 5.352 280 539 3,773 33 87 Bills bought in open market 128 1+1+5 165 61 i+si+ l>738 M57 3^3 577 87 175 Industrial advances 1+28 1.533 920 2 tli+i+ 32,239 2,912 7,718 1,137 1.71* M i l 6,713 U.S. Government securities: Bonds 215,687 14,1+20 8,2l+0 55,252 16,81+8 19,069 10,209 2l+,529 10,732. 12,969 9,51^ Treasury notes 1,621+, 598 107,636 1+93,161+ 120,857 11+9,1+91 80,028 61+, 596 216,1+91+ Sl+,631 ^7.173 73^132 Treasury bills 102,166 27,837 15,^39 2l+,19S 589,958 35.615 185,967 39,415 1+9,1+61+ 26,1+79 21,373 Total U.S.Govt, securities ?l+^0f?l+"^ 1^7,671 73^,383 177,120 218,021+ 116,716 91+, 209 31+3,189 123.200 75,581 106., si+i+ — — — — — Other securities 181 — 181 — — Due from foreign banks F.R.notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 2,1+72,672 161,206 71+7,612 663 30,030 601,917 1+7,786 39.101+ 50 368 62,^17 3,113 153 263 9,836 15^,523 10,SOS 29,523 isi+,6i+i 220,21+6 121,060 69 895 1+6,231+ 1+,S61+ 3.59S 63 1,537 57.281+ 6,525 1,380 25 5,003 HS,137 2,919 979 95,381 21+ 1,1+87 21,2S3 2,28l+ 31+5,951 123,733 so 3.3^9 si+,7^7 1+,S26 390 85 9 — — Total b'ills and securities 1^+0,1+07 1+20,828 77,255 108,829 1+ 18 3 1,832 6I+7 1.557 27,515 ll+,86s 33,090 3,360 2,1+52 1,531 1SS 288 1+82 91+ 126 1,771 ~ 25 25 328 1,108 16,1+70 17,1+35 50,722 136,671+ 16,733 1+5,222 83-975 199,331 — 85,966 200,792 17 393 23,788 1,52^ si+o 3,126 28,031 3,580 13s ll,15l+,381+ 810,820 1+,366,158 691,557 818,286 1+1MS5 308,916 l,8l+l+,298 367,883 256,626 366,178 252,935 656,51+2 ASSETS AKD LIABILITIES OF THE FEDERAL RESERVE BASKS OH JANUARY 15, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis 160,467 108,500 F,B.notes in actual circulation 3,619,651 306,906 783,405 265,021 346,655 174,130 152,479 Deposits; 5,853,865 384,350 2,345,934 295,255 344,966 166,674 114,280 Member bank - reserve account 7,825 46l,63S 4,120 U.S.Treasurer - General account 277,192 39,661 30,599 26,747 1,544 43,546 17,164 1,503 foreign bank 3,966 M 3 3 3,006 178,666 1,884 240,949 Other deposits 3,984 3,987 10,525 3,890 837,357 Total deposits Deferred availability items Capital paid in Surplus (Section J) Surplus (Section 13b) Reserve for contingencies All other liabilities 877,672 16s,332 86,360 29,019 TOTAL LIABILITIES 6,604,993 417,993 3,319,006 349,634 333,518 177,927 123,887 143,99s ^3,763 56,964 47,596 19,636 589,917 62,254 130,609 9,4l4 4,210 51,030 12,^33 12,393 ^,595 145.772 50,325 13,4o6 1^,371 5,186 5,616 9,902 754 26,406 2.376 1,007 3,^35 4,231 7,7^ 2,283 8,349 3,000 1,261 1,413 33,693 3,111 46 1,301 169 62 3,338 267 55 Minn. Kans»Cy„ Dallas San Fran, 138,853 815,658 153,928 54,969 3,S6S 1,252 4,842 2,203 11,988 21,350 1,391 7,573 607 112,932 178,043 3,787 4,132 1.002 1,127 9,284 6,415 767 72,643 273,235 134,706 312,039 ^,369 4,369 1,085 2,922 4,522 14,762 124,481 183,724 144,682 33^>I42 1^,715 33,867 25,398 26,347 3,^32 3,755 3,057 3,785 10.117 4,655 3.420 3,613 3,783 9,645 1,003 1,142 1,256 1,021 546 1,849 342 1,323 S°2 1,287 205 217 60 is6 163 11,154,384 810,820 4,366,15s 691,557 sis,2s6 4i4,i85 30s,9i6 i,s44,29S 367,8^3 256,626 366,173 252,935 656,542 Ratio of total reserves to deposit and F.R.note liabilities combined Commitments to make industrial advances 77»9 27,213 83.2 80.5 3»313 9,892 73.4 647 72.8 1,695 67.I 67,8 2,265 493 81.9 64,5 154 2,169 69.5 67.9 136 1,351 69,3 64.6 593 ^,505 MATURITY DISTRIBUTION OP BILLS AITD SECURITIES Total Bills discounted Bills bought Industrial advances U»S-Government securities Other.securities 5,352 M57 32,2*59 2,430 ,243 181 Within 15 days 3,094 2,376 1,620 25,425 16 to 30 days 55 671 253 37,31s 31 to 60 days 174 681 914 70,320 6l to 9l0 days 1,795 929 699 78,579 91 days to 6 months 224 1,434 391,^21 Over 6 months 10 27,319 1,827,180 181 F2D2HAL BSSEEVE NOTE STATEM31TT OH JAUUASY 15, 1936 B-SOld (In thousands of dollars) Total Federal Eeserve notes: Issued to F.S»bank by F.E.agent Held by Federal Eeserve bank In actual circulation Boston 3,984,358 3^5,533 364,707 38,627 3,619,651 306,906 New York Phila« Cleve. Rich. Atlanta 918,981 284,965 365,058 186,8'g4 173,698 135,576 19,9^4 18,4q3 12,75^ 21,219 265,021 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 881,920 167,8^5 112,862 147,708 44,563 7,378 4,362 8,855 80,157 318,7^7 7,51*+ ^5.512 273,235 160,467 108,500 138,853 72,643 938,706 290,000 371,440 168,000 130,685 891,000 141,632 114,500 8 2,153 290 — 45 75 72 19,000 47,000 27,000 i44,ooo 81,000 289,263 783,405 3^6,655 17^,130 152,479 837,357 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 . Govt, securities Total collateral 3,916,843 356,617 255 3,^97 134,000 4,054,31+0 356*872 9^,859 514 6,000 85 290,290 371,^40 187,045 177,760 891,000 168,640 114,572 150,514 81,085 — 35,000 324,263
@FedFRASER