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STATEMENT FOR THE FHESS Released f o r publication ?riday morning, Jan. U; not e a r l i e r , B-SOl Federal Reserve Board January 3» 1935• CONDITION OF FEDERA.L RESERVE BAMS The daily average volume of Federal Reserve "bank credit outstanding during the week ended January 2 f ft,s reported "by the Federal Reserve banks, was $2,^68,000,000, a decrease of $25,000,000 compared with the preceding week and of $218,000,000 compared with the corresponding week in 193*+• On January 2 total Reserve bank credit amounted to $2,461,000,000, a decrease of $9,000,000 for the week* This decrease corresponds with decreases of $9^,000,000 in money in circulation, $17,000,000 in Treasury cash and deposits with Federal Reserve banks and $2,000,000 in rionmember deposits and other Federal Reserve accounts, and increases of $15*000,000 in monetary gold stock and $10,000,000 in Treasury and xiational bank currency, o f f s e t in part by an increase of $129,000,000 in member bank reserve balances. The Syctem!s holdings of b i l l s discounted decreased $2,000,000, while holdings of b i l l s bought in open market and of United States Government securities remained practically unchanged. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended January 2, 1935• were as follows: Increase or decrease since Jan. 2 Dec. 26 Jan. 3 J-935 _12JL jaiL (In millions of dollars) - 2 B i l l s discounted B i l l s bought U. S. Government securities Industrial advances (not including 10 million commitments - January 2) Other Reserve "bank credit 2,1*31 + l 14 3 - g TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and national bank currency 2,461 S,243 2,514 Money in circulation Member bank reserve balances Treasury cash and dep*«its- wi-th PvRJxanks. Nonmember deposits and other F.R.accounts 4,090 7 6 5,534 3,164 430 — — - 99 -115 - 1 +i4 -26 - 9 -227 +45207 +211 -94 +30 +1,380 +15 +10 +129 -17 - 2 +2,S53 -72 Released for publication Friday morning, January 4,1935". no,t earlier. B-SOla ASSETS A1TD LIABILITIES OF THE TWELVE FSDE3AL RESERVE BAMS COMBINED (In thousands of dollars) Jan. 2,1935 Dec. 26,1934 Jan. 3, 19: ASSETS Gold c e r t i f i c a t e s on hand and due from U. S# Treasury , . Gold Redemption fund ~ F. R. notes Other cash Total reserves . . . . . . . . . . Redemption fund - F. R. hank notes . . . B i l l s discounted: Secured by U.S.Gov*t. obligations,direct and/or f u l l y 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 •• Certificates and b i l l s . . . . . . . . Total U.S.Government securities # Other securities Total b i l l s and securities . . . . Due from foreign banks • • • • • • • • . IP. R. notes of other banks . . . . . . Uncollected items . Bank premises . . . . . . • • • • . • • A l l other assets . . 5,12^,339 5,122,396 — 19,060 253,091 5,396,490 1,677 18,952 213,620 5,35^,968 1,677 3,544 3,54s 7,092 5,612 14,315 4,4bl 9,281 5,611 13,529 396,088 1,507,11s 527,475 2,430,681 395,522 1,507,141 527,475 2,430,19s 4,820 — — 946,307 2,572,064 44,540 226,799. 3,795,710 13,086 35„176 70,943 106,119 121,062 - - 442,817 1,053,240 935.853 2,431,910 1,493 2,660,584 3,333 2,457,700 805 27,92s 530,474 49,160 44,534 2,458,679 8,508,828 S.387,313 7,093,569 . . . . 3,215,661 26,363 3,261,403 26,603 3,071,762 208,014 . . . . 4,089,552 3,961,204 16s,ll4 144,893 168,016 4,316,916 44I,S43 146,752 132,323 6,459 22,272 26,682 2,327,313 2,709,919 23,287 4,492 140,174 2,877,272 480,779 TOTAL ASSETS 804 22,6l4 452,135 53,372 43,064 18,541 504,940 51,884 45,491 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 a v a i l a b i l i t y items . . . . Capital paid in Surolus (Section 7) . . . . . . . . Surplus (Section 13 b) . . . . . . . . Reserve f o r contingencies . . . . . A l l other l i a b i l i t i e s TOTAL LIABILITIES . . . . . . . . Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . Commitments to make industrial advances 125,594 18,954 170,971 4,405,071 527,387 146,773 8,418 30,816 , 2,946 8,508,828 70.8$ 19,522 70.7$ 674 675 10,213 2,225 144,903 277,680 — 22,523 10,036 7,093,569 63.8$ 3,209 ASSETS AND LIABILITIES OP THE FEDERAL RESEEVE BANKS ON JANUARY 2, 1935 (In thousands of d o l l a r s ) ASSETS Total Boston New York Phila. Gold c e r t i f i c a t e s on hand and due from U. S. Treasury5,124,339 36s,35U 1,868,966 266,067 1,499 19,060 662 Redemption fund - F. R. notes 2,525 55.586 Other cash 3^.756 253,091 31,767 Total reserves 5,396,490 too,733 1,926,051 303,3^8 Redemption fund - F.R.bank notes 1,677 250 1,^27 B i l l s discounted: Secured by U.S.Gov't obligations, 985 d i r e c t and/or f u l l y guaranteed 3,5^ 55^ 1,533 4o4 3,54s 2,714 Other b i l l s discounted 55 Total b i l l s discounted B i l l s bought in open market Industrial advances U. S. Government s e c u r i t i e s : Bonds Treasury notes C e r t i f i c a t e s and b i l l s Total U.S.Gov't, securities Total b i l l s and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises A l l other assets TOTAL ASSETS 7.092 5,612 1^,315 i,o4o 4o4 1,770 396,088 1,507,11s 527,^75 2,1+30,681 23,206 98,827 35,63s 157,671 2,457,700 160,885 805 60 27,988 357 530,1+74 62,461 1+9,160 3,16s 1+4,534 628 4,247 1,982 826 958 584 3,252 Cleve. Rich. Atlanta Chicago St.Louis B-SOlb Minn. Kans.Cy. Dallas San Frar 383,308 182,372 116,731 1,017,356 189,943 135,965 180,857 105,538 308,826 614 613 328 3,632 330 1,311 1.770 1,923 3.853 33,614 11,872 11,195 11,274 8,587 14,892 12,871 13,045 13,632 397,9^9 197.3^6 13M66 1,052,281 202,429 147,490 192,744 114,453 327,350 — — — 236 125 361 528 932 87 52 139 209 1.537 6 4s 5^ 303 849 l4i,ois 25,138 30,558 1M59 13.525 475,234 104,810 134,108 65,195 59,309 161,566 37,172 48,359 23,509 21,385 777.SIS 167,120 213,025 103,563 94,219 7S4.S73 171,91^ 214,846 105,448 95.^25 2S 300 77 31 87 2,858 4,185 6,765 693 1.193 137,693 41,293 50,555 46,575 19.02S 6,629 3.027 2,325 11.437 4,4n l,4o4 1,894 1 ,842 30,535 ^ ,759 — — 2S — 2 2 707 912 62,144 273.102 93.097 428,343 — — — 28 115 419 — — 20 110 130 154 ^33 — — — 95 38 154 1,045 133 391 587 13.797 15.333 13,835 18,818 58,359 37,05S 57,703 38,701 21,044 13,181 20,806 13,956 93,200 65,572 92,344 71,475 23,857 104,712 37,762 166,331 — 81 1,753 — 429,964 93.762 67,406 93,061 72,674 167,442 105 22 6 9 23 57 46l 3,037 3.964 1,904 1,17^ 1,397 63,081 23,079 14,34s 30,0S4 19,449 22,823 2,628 1,580 3,447 1,684 3,869 M55 854 510 816 764 207 321 8,508,828 628,592 2,899,086 526,505 673,143 358,016 255.772 1,555.166 324,018 232,76s 321,077 209,597 525,088 ASSETS AM) LIABILITIES. OF THE FEDERAL RESERVE BANICS ON JANUARY 2, 1935 (In thousands of d o l l a r s ) L I A B I L I T I E S Total P.R.notes in actual c i r c u l a t i o n F.R.bahk note c i r c u l a t i o n - net Deposits: Member bank - reserve account U.S.Treasurer - General account Foreign bank Other deposits Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve f o r contingencies A l l other l i a b i l i t i e s Boston 3,215,661 271,733 903 26,363 4,089,552 125,59^ IS,954 170,971 4,405,071 527,887 146,773 144,893 8,418 30,816 2,946 8,508,828 TOTAL LIABILITIES Ratio of t o t a l reserves to deposit and F.S. note l i a b i l i t i e s combined 70.8 Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 674 Commitments to make i n d u s t r i a l advances 10,213 New York Phila. Cleve. Rich. Atlanta 681,462 238,028 305,632 167,039 134,146 25,460 — — 266,763 1,7^-6,808 208,252 276,576 909 5S.926 3,554 4,815 1,381 6,4-08 1,995 1,842 1,305 124,948 1,73s 3,312 270,358 1,937,090 215,539 286,545 62,27s 135,77s 40,191 49,491 59,606 15,131 13.062 10,807 4q,964 13,470 14,371 9,902 906 912 773 1,049 1,648 7,510 2,996 3,000 1,443 101 136 51 628,592 2,899,086 526,505 673,143 73*9 73.6 66.9 67.2 122,944 7,061 729 1,170 131,904 46,364 4,977 5,186 1,117 l,4i6 13 358,016 66.0 Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. 787,024 142,364 106,719 117.524 80,963 632,547 22,748 5,6I4 2,417 672 2,448 3,409 90,658 660,160 17,652 67,383 4,36s 12,723 5,540 21,350 S96 754 5,325 2,595 305 59 255,772 1,555,166 59.7 B-SOlc 72.7 128,873 S,972 633 11,677 150,155 21,325 4,088 4,655 382 893 156 324,018 69.2 47 24b 68 63 25 23 82 22 1.697 3,905 412 1,123 412 590 30 1,209 96,336 3,475 441 5,128 105,380 11,831 3,134 3,420 751 1,211 322 232,768 . 69.5 53,667 210,323 156,584 122,386 1,689 2,943 537 537 9S9 3,334 163,398 125,601 31,241 21,05s 4,069 4,o4s 3,613 3.777 — 293 806 1,363 133 83 321,077 209,597 63.8 68.6 15 18 250,520 4,888 1,362 11,513 268,283 23,295 10,760 9,645 585 2,053 l44 525,088 68.4 18 28 47 807 MATURITY DISTRIBUTION OF BILLS AED SECURITIES Total B i l l s discounted B i l l s bought in open market Industrial advances U.S.Government s e c u r i t i e s 7,092 5.612 14,315 430,681 Within 15 days 5.266 515 49 31,450 16 to 30 days 251 2,869 142 33.300 31 to 60 days 1.417 1,144 137 S3,239 6 l to 90 days 84 1,084 1,425 175.230 91 days to 6 months 74 1,486 498,487 Over 6 months 11,076 1,608,975 FEDERAL KSSERVE NOTE STATEMENT OIT JAMIARY 2, 1935 ( I n thousands of d o l l a r s ) Total Federal Reserve notes: Issued to F.R.tank by F.R.agent Held "by Federal Reserve "bank Boston Hew York Phila. Cleve. Bich. Atlanta B-SOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 3,51S,366 301,312 302,705 29,579 770,515 261,779 325,959 120,55^+ 151,573 89,053 23,751 20,327 13,515 17.^27 825,833 lkjMj ill,^39 127,o4o 61,480 253,395 In actual c i r c u l a t i o n 3 , 2 1 5 , 6 6 1 271,733 C o l l a t e r a l held by a^ent as s e curity f o r notes issued to bank: Gold c e r t i f i c a t e s on hand and 3,314,200 301,617 due from U.S. Treasury 5,523 l»04o E l i g i b l e paper U. S. Govt, s e c u r i t i e s 243,100 681,462 238,028 305,632 167,039 134,146 787,024 142,364 106,719 117,524 53,667 210,323 788,706 221,000 291,715 146,340 819,513 141,936 108,000 124,550 Ilk 5,000 62,675 216,763 — 132 — 40,000 829,515 149,964 112,100 129,664 62,675 256,895 Total c o l l a t e r a l 3,562,823 302,657 2,791 205 40,000 361 35,000 113 36,000 91,385 137 65,000 791,497 261,805 327,076 182,453 156,522 38,809 2 10,000 5,123 28 8,000 ^,720 9,516 — 4,100 7,813 43,072 FEDERAL RESERVE BAM HOTS STATEMENT OH JAFJARY 2, 1935 (In thousands of d o l l a r s ) Total Boston Hew York Phila. 37,590 11,227 1,511 25,S71 10,20S 10,208 In c i r c u l a t i o n - net* 26,363 903 25,U6O C o l l a t e r a l pledged against outstanding notes: Discounted and purchased bills U# S. Govt, s e c u r i t i e s U2f87U 5,000 25, 12,000 5,000 25,87k 12,000 Federal Reserve bank notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank Total c o l l a t e r a l 60S kll Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. — — — — — — — — — — •Does not include $72»739t000 o f Federal Reserve bank notes f o r the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United S t a t e s ,
@FedFRASER