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$TATEM2£TT POR THE PRESS Released for publication Friday morning, Jan. yi\ not earlier# Board of Governors of the Federal Reserve System January JQ, CONDITION OF F3DSBAL R2S3RVE 9A33KS The daily average volume of Federal Reserve bank credit outstanding during tfee week ended January 29, as reported by the Federal Reserve banks, was $2,^88,000,000, an increase of $3,000,000 compared with the preceding week and of $22,000,000 compared with the corresponding week in 1$35* On January 2$ total Reserve bank credit amounted to $2,^70,000,000, a decrease of 57>000|000 for the week. This decrease corresponds with decreases of $11,000,000 in money in circulation and $62,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $7#000,000 in monetary gold stock, offset in part by increases of $61,000,000 in member bank reserve balances and $6,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $6,000,000 in Treasury and national bank currency. Member bank reserve balances on January 23 were est&mated to be approximately $3,090,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $3»000,000 in holdings of United States Treasury bills was affset by a decrease of $3f000,000 in holdings of United States Treasury notes. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended January 29, were as follows: Increase or decrease since Jan. 29 Jan. 22 1236 Jan. 30 1935 (In millions of dollars) +1 Bills discounted Bills bought U. S. Government securities Industrial advances (not including 27 million commitments - January 29) Other Reserve bank credit TOTAL RESERVE B A M CEEpiT Monetary gold stock Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F#R#banks Nonmember deposits and other accounts 1 32 -1+ 2,^70 10,179 2,^92 5.693 5.S63 3,031 555 •g +15 -3 -7 +7 -6 +10 +1,792 -5 -11 +61 -62 +6 +335 +1,321 +2U +119 (BrS0l) Seleased for publication Friday morning, January 31,1556; not earlier. B-801a ASSETS -A2TD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS OQUBXEXD (In thousands of dollars) Jan. 29,1936 Jan> 22.1936 Jan. 30.1935 ASSETS Gold certificates on hand and due 7,643,860 from U, S. Treasury 15,685 Redemption fund - F. R. notes . . . . . Other cash 3^6,64a, Total reserves 8,006,194 Redemption fund - F, R. "bank notes * « . Bills discounted; Secured "by U.S.Gov't obligations,direct 4,105 and/or fully guaranteed 2,960 Other bills discounted Total bills discounted Bills bought in open market Industrial advances . U. S* Government securities: Bonds Treasury notes . , » . . Treasury bills . . Total UfS.Government securities . Other securities . . . . . . . . . . . . Total billg and securities . . . . Due from foreign banks . . F, R. notes of other banks Uncollected items .... Bank premises All other assets TOTAL ASSETS . . . 7,619.348 16,126 32,I4S 215,696 1,63.6,559 598,008 2,430,263 181 2,^7^,327 280.320 7,972,380 5,647,154 1,986 3,644 2,776 6,420 3.558 4,657 32,210 5,53s 17,493 215.703 1,619,653 395,652 1,511,693 522,925 2,430,270 yft.908 2,430,264 ?,500 7,058 181 2,473.732 6 5 0 2,460,359 8 0 5 19,672 6 6 3 19,685 24,865 477,480 535,717 ^7.797 47,799 15.875 336.906 7,065 4,670 5.350,959 411,130 49,307 48.444 39i^28 11,066,664 11,094,582 8,638,857 3,599,683 3,608,049 3,068,172 25.697 L I A B I L I T I E S I, 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 . . . . . . . . . 5,863,331 5,802,436 49,631 251,519 6,642,518 482,746 47,822 248.106 478,037 145,501 26,406 33,901 , 5,279 , . . , 11,066,664 11,094,582 130,630 Ratio of total reserves to deposit and F e Rc note liabilities combined . . . , Contingent liability on bills purchased for foreign correspondents 78.3$ Commitments to make industrial advances 27,004 514,995 6,613,359 533.058 130,653 145,501 26,406 33,901 3.655 Total deposits Deferred availability items , Capital paid in . . . . . . , Surplus (Section 7) .... Surplus (Section 13 b) . . . Reserve for contingencies . All other liabilities . . . TOTAL LIABILITIES — 78.C 4,541,755 56,4gi 16,073 178.l4i 4,792,450 412,710 146,870 144,893 11,560 30,820 . 5,685 8,633,857 71.8JS 317 27,091 n.739 ASSETS JffiD LIABILITIES OF THE FEDERAL RESERVE BAHIIS Oil JAtTUAHY 29, 1936 (In thousands of dollars) B-801b A S S E T S Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Lcuis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 7,643,860 537,251 3,468,426 378,814 500,621 226,633 169,738 1,325,893 201,1U9 1^6,69U 187,692 129,5^7 371,^02 1 Redemption fund - F. S. notes 15,685 2 » 8 g 2 »°5° 938 821 1,302 2,658 673 733 501 765 617 2,745 Other cash 3^6, 40,765 78,455 40,180 26,956 17,^80 l4.96o 45,701 21,405 10,330 22,442 6,729 21,246 total reserves S,006,194 580,898 3,5^7,931 ^19,932 528,398 245,415 187,356 1,372,267 Bills discounted: Secured by U.S.Govt, obligations, 2,868 107 392 direct and/or fully guaranteed 4,105 299 15 125 2,960 12 ~ 4i 13 Other bills discounted 57 2,195 87 33 Total bills discotmted 479 7,065 4i 48 356 5,063 138 119 4,670 484 445 174 165 1,752 3ills bought in open market 3^3 577 32,148 6,674 Industrial advances 1,702 M 3 S 2,933 7,705 899 2,138 U.S.Government securities: 215,696 14,420 55,252 16,848 19,070 10,209 8,240 Bonds 2^,529 493,439 Treasury notes 1,616,559 107,707 120,935 1^9,590 80,080 64,638 207,571 598,008 35,54^ 111,089 185,692 39,337 ^,365 26,427 21,331 Treasury bills •jfotal U.S.Gov-t. securities 2,430,263 157,671 Other securities ysi — Total bills and securities 2,474,327 161,303 Due from foreign banks 650 50 F.R.notes of other banks 19,685 381 Uncollected items 477,480 52,113 Bank premises 1*7,799 3,113 All other assets 130 ^0,529 TOTAL ASSETS 223,287 157,525 210,899 136,893 395,393 3 15 lg 87 462 75. 75 61 1,511 10,732 12,977 84,686 47,214 27,782 15,^09 69 398 1*7 9 80 25 467 128 1,117 156 126 1,765 105 32s l,lo4 9.51^ 16,470 17^35 73,180 50,755 136,764 24,150 16,750 73^,383 177,120 218,025 116,716 94,209 .— — — — 3^3,189 123,200 75,600 106,844 83,975 199,331 — — — — 181 743,903 :184,757 220,220 121,166 95.392 250 24 69 63 25 1,064 1,708 6,647 2,410 552 123,825 38,183 44,295 36,383 16,405 10,810 4,875 2,284 6 525 2,919 l,4i4 30,894 1,086 989 3,9^7 345,945 123,767 77,247 108,737 06,022 200,868 4 SO 18 3 17 2,403 644 469 1,242 791 1.371* 64,963 20,480 12,492 27,074 17,837 23,^30 3,580 4,826 3,360 2,452 1,531 1,52^ 74O 286 458 122 287 176 11,066,664 797,988 4,469,260 1552,315 801,979 :409,307 304.255 ^L, 790, 770370,957 249,900 351,7^9 243,502 i624,682 ASSETS AtTD LIABILITIES OP THE FEDEBAL RESERVE BANKS ON JANUARY 29. 193 6 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 771,478 263,45!+ 347,103 175.525 150.301 F.R.notes in actual circulation 3,599,683 308,134 837,377 159,427 1 0 7 , 8 1 + 3 137,992 7 1 . 1 2 0 2 6 9 , 9 2 9 Deposits: Member "bank - reserve account 5,863,331 381,321 2,890,865 294,984 348,422173.^65 115.897 788,739 168,207 112,936 173,286 126,386 288,823 47,861 3 . 2 1 1 1,591 2,51+6 3,239 1.918 5,546 4,499 U.S.Treasurer - General account 478,037 25.773 3^9,950 8,523 23.380 Foreign bank 1+9,631 5,521 1,1+28 1,142 1,285 1,237 3.331 1,761 1,713 3.427 19.553 4,712 4,521 Other deposits 251,519 1,898 7 1 ,+ 8 3 5,123 771 10,^73 13.3^7 2,268 2,901 3.877 189,961 10,271 3,iU6 Total deposits 6,642,518 4l4,398 3,450,329 318,490 379,469183,o4o 125,010 841+,019 180,329 120,792 177,888 141,335 307,419 Deferred availability items 482,746 51,754 127,647 36,722 4i+,129 36,185 15,981 66,006 21,116 12,375 25,837 20,587 24,1+07 4 , 2 0 5 4,595 1 2 , 4 0 3 Capital paid in 130,630 9,409 3,053 3,922 11,994 3,761 3,791 10,145 51,025 12,327 9,645 5,616 5,186 3,613 3,149 9.902 50,825 13,4o6 14,371 4,655 21,350 Surplus (Section 7) l45,£01 3,783 754 3,435 1 . 0 0 3 1,142 2 , 8 7 6 7 , 7 4 4 1 , 0 0 7 5 4 6 4,231 1,391 1,256 1,021 Surplus (Section 13b) 26,406 1,849 2,288 84J 8 9 2 3 » m 1 , 2 6 1 1 , 4 1 3 8 , 8 4 9 3 , 0 0 0 7,573 1,494 1.328 Reserve for contingencies 33.901 512 3 8 6 1 0 0 1 , 0 6 0 6 8 5 80 1 0 2 1 , 3 6 3 2 6 7 1 9 1 302 231 All other liabilities 5*279 TOTAL LIABILITIES 11,066,664 7 9 7 , 9 8 8 4 , 1 + 6 9 , 2 6 0 652,315 801,979 409,307 304.255 1,790,770 370,957 2 4 9 , 9 0 0 351.749 243,502 6 2 4 , 6 8 2 Ratio of total reserves to deposit and F.R.note liabilities combined 64.4 68,5 78.2 80.4 84,0 72.2 72.7 68.4 68,1 81.6 65.7 68.9 6 6 . 8 Commitments to make industrial advances 5 9 0 4,464 27,004 3,260 475 9,873 652 1,712 2,263 109 2,120 135 1,351 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U.S.Government securities Other securities 7.065 4,670 32,148 2,430,263 181 Within 15 days 4,789 651 1*632 37.317 l6 to 30 days 132 322 5 8 6 31,025 31 to 60 days 1,398 1,271 491+ 110,710 6l to 90 days 585 2,426 685 178,275 91 days to 6 months 148 1.463 245,316 Over 6 months 13 27,288 1,827,620 FEDERAL RESERVE NOTE STATEMENT ON JANUARY 29, 1936 B-SOld (In thousands of dollars) Total Boston Hew York Phila. Federal Reserve notes: issued to F.^.-banic by F.R.agent Held by Federal Reserve bank in actual circulation 3,953,622 336,183 353,939 28,0^9 3,533,683 308,134 Cleve. Rich. Atlanta 9 21,291 282,537 363,307 135,566 172,661 149,813 19,083 l6,204 10,04l 22,360 771,478 263,454 347,103 175,525 150,301 Chicago St.Louis Minn. Zans.Cy. Dallas San Fran. 873,721 166,630 112,377 1^8,054 7S.91S 312,377 36,3^4 7,203 4,534 10,062 7>79S 42,448 837,377 159,^27 107,843 137,992 71,120 269,929 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. 3. Treasury Eligible paper U. S. Govt, securities T6tai collateral 3,880,343 356,617 5,153 33O 131,400 — 933,706 283,000 366,440 171,000 130,685 3,391 445 15 125 107 — — — 16,000 47,000 876,000 150,632 111,000 l4l,000 80,000 275,263 g0 — 8 66 439 1^7 — 18,000 2,400 8,000 — 40,000 ^,016,896 356r947 942,097 283,445 366,455 187,125 177,792 876,000 168,64o 113,466 149,439 80,147 315,3^3
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