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STATEMENT FOB THE PRESS Released for publication Friday morning> Jan. 10; not earlier* Board of Governors of the federal Beserve System January 9» 193^. CONDITION 01 IEDEHAL HESS1VE BAMS The daily average volume of Federal Beserve bank credit outstanding during the week ended January St as reported by the Federal Beserve banks, was $2 Mo ,000,000, a decrease of $8,000,000 compared with the preceding week and an Increase of $16,000,000 compared with the corresponding week in 1935• On January 8 total Beserve bank credit amounted to $2,^76,000,000, a decrease of $10,000,000 for the week. This decrease corresponds with decreases of $99i000,000 in money in circulation, $58,000,000 in Treasury cash and deposits with Federal Beserve banks and an increase of $21,000,000 in monetary gold stock, offset in part by increases of $158,000,000 in member bank reserve balances and $10,000,000 in nonmember deposits and other Federal Beserve accounts. Member bank reserve balances on January 8 were estimated to be approximately $3,000,000,000 in excess of legal requirements,, Relatively small changes were reported in holdings of discounted and purchased bills, industrial advances, and United States Government securities. Changes in the amount of Beserve bank credit outstanding and in related items during the week and the year ended January 8, 193^» w e r e a s follows: Increase or decrease since Jan. 8 Dec. 31 Jan. 9 (In millions of dollars) Bills discounted Bills bought U. S# Government securities Industrial advances (not including 27 million commitments-January 8) Other Heserve bank credit TOTAL EESEJIVE BAITK CREDIT Monetary gold stock Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with banks Uonmember deposits and other J.B. accounts -2 -1 5 5 2,430 32 3 2.1+76 10,144 2,476 5,723 5,745 3,01+9 518 +17 -10 -10 +21 -6 +1,886 -32 -99 +158 -5s +10 -45 +82 B-801 Beleased for publication priday morning, January 10,1936; not earlier, B-801a ASSETS AND LIABILITIES 03? THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Jan., g,l^S Dec, ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - P. R. notes Other cash . Total reserves . . . . . . Redemption fund - I. 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 . . . . . . U. S* Government securities: Bonds Treasury notes . , . . Treasury bills . . . . Total U»S«Government securities . . Other securities . f Total bills and securities Due from foreign banks . . F. R. notes of other banks . . . . . . . . Uncollected items * . . . Bank premises All other assets . . TOTAL ASSETS 7.552,273 17#170 303»64l 7,273,690 7/553.357 17,444 264,550 7>S35,351 5.162,076 2,35S 3,023 5,3S1 h§656 32,014 1.5^1 llx31 4,672 656 32,^93 3,588 3.^06 6,994 215,672 l,6Ul,603 572.958 2,430,239 Ipl 216,176 1,641,597 572,958 2,430,731 181 2,472,471 665 30.50S ^§9t777 47,740 38.082 2,472,733 665 27,445 603,789 47,723 , , 38,094 19,060 287.644 5,1+68,780 1,964 5,611 i4,744 395,662 1,507,117 2,430,254 2,457,603 805 24,489 428,403 ^9,190 w,850 10,9^2,933 11,025*800 8,476,084 3,655,764 3.709,074 3.136,987 L I A B I L I T I E S R. notes in actual circulation . . . . 3P. R. bank note circulation - net . . . . 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 T O m LIABILITIES Hatio of total reserves to deposit and. F.B. note liabilities combined . . . . . . Contingent liability on "bills purchased for foreign correspondents Commitments to make industrial advances , 26,185 5•7^5t5,587,208 460,828 543,770 34,S81 28,935 229,765 22j5»S96 6,470,620 6,385,809 497,233 591.556 130,516 130,512 145,772 145,772 26,334 *24,235 33.692 *3M67 3^002 3.975 10,962,333 11,025,800 77.8/i 77«6?e 4,282,546 80,137 19,114 174,725 ^,556,522 419,920 i46,s44 144,293 10,496 30,si6 8,476,084 71,1^ 87s 27,284 27,649 •fievised. 10,375 ASSETS A1TD LIABILITIES OP THE FEDERAL EE SERVE BAMS ON JAUUARY 8, 1936 (Ixi thousands of dollars) B-801b ASSETS Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Eran. Sold certificate® cn hand and due from U.S. Treasury Redenrotion fund - J.R.notes 0ther* cash Total reserves 7.552,873 545,455 3,299,760 383,672 500.930 22^53 166,278 1,368,989 191,25+3 149,4io 193.563 129,301+ 399,816 17,170 2,963 1,632 1,107 1,017 1,^19 2,S4l I+76 787 532 84l 675 2,880 303,647 36,2*+! 64,882 37,470 22,097 15,708 13.772 37.821 20.112 9.687 20.817 6.711 18,125 7.873,690 58*+,.659 3.366,274 422,249 524,044 241,^80 182,891 1,407,288 212,142 159,629 215,221 136»6Q2 421,021 Bills discounted: Secured by U.S.Govt. obligations, 1,608 direct and/or fully guaranteed 2,358 247 271 45 75 3,023 25 Other bills discounted 2,177 123 33 13 13 Total bills discounted 88 394 5,381 272 58 3,785 33 4,656 343 4s4 444 165 Bills bought in open inaricet 1,738 175 4 Industrial advances 32,014 2,919 6,703 922 7,7^7 1,7^5 4,127 U. S. <k>vernment securities: 215,678 14,420 55,252 16,848 19,070 10,209 Bonds 8,240 1,641,603 107,636 493,164 120,857 149,491 80,028 64,596 Treasury notes Treasury bills 572,958 35.S15 185,967 39,415 49,464 26.479 21.373 Total U.S.Govt. securities 2.430,239 157.671 1S1 — Other securities 734,383 177,120 218,025 116,716 94,209 2,472,471 161,205 747,653 184,701 220,247 121,076 95.384 265 24 69 63 Total bills and securities Due from foreign banks E.R.notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 665 30,50s 50 364 499,777 52,717 47,740 3.113 38,082 131 — — — — 1,838 4,407 9,556 1,136 2,133 121,04l 39,969 43,420 40,902 18,481 10,781 4,845 6,525 2,919 2,284 28,663 3,578 1,324 9S5 1,130 — 3 15 *" 4i 4i IS 87 428 577 1.825 42 42 61 1,57^ 64 507 ^5 9 571 128 1,138 126 54 1,778 — — 25 25 328 1,108 24,529 10,732 12,959 9,514 16,470 17,435 47,178 73,132 50,722 136,674 8*5. l66 27.837 15.419 24.198 l6.781 45.222 233,%4 S M 3 1 343,189 123,200 75,576 106,844 83,975 199,331 — — — • 181 345,632 123,733 77,253 108,862 85,933 200,792 4 SO IS 47 3 17 3,57s 1,464 1,064 1,917 387 2,664 69.031 25,860 12,469 28,911 18,382 28,594 4,826 2,452 1,531 3,360 1,524 3,580 467 185 249 130 455 785 10,962,933 802,239 4,284,233 656,547 797,^61 411,894 302,327 1,830,890 365,340 252,416 358,538 243,720 656,82s ASSETS AHD LIABILITIES OP THE FEDERAL EESERVE BAMS OH JANUARY g, 193$ (In thousands of dollars) B-801c L I A B I L I T I E S Total Boston ITew York phila. Cleve, F.E.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) Eeserve for contingencies All other liabilities Eich. Atlanta Chicago St.Louis Minn. Zans.Cy. Dallas San Fran. 791.420 266,560 350,031 176,257 154,o4o 842,666 160,970 109,396 139.837 74,238 278,764 5,7^5,1^ 376,259 2,76l,S92 296,615 332,665 169,5+73 110,330 6,562 33,56s 8,134 3,527 46o,S28 30,773 30S,335 3^,ssi 2,521 ,326 1,295 1.260 12,755 3,466 10,51+2 223,765 3,639 ,372 2,296 2,797 170,991 823,354 ll+S,qU3 112,161+ 176,174 130,870 305,807 46,234 lOy&lO 2,095 2,74s 3,019 5,423 945 910 2,452 4,061 1,050 s4o 731 2,s4o 14,721 2,163 8,004 6,669 875,812 168,407 121,768 180,598 13:7.639 328,403 69,624 26,415 12,371 28,371 21,665 26,7^6 11,978 3.773 10,127 ,75S 2,997 3,922 I 21,350 3,733 9,645 3,420 3,613 .655 1,391 1,003 1,142 1,256 1,021 546 S4l 1,328 1,849 7,573 892 1,287 496 214 38 223 197 174 3,655,70+ 311,585 6,470,620 413,732 3,253,973 119,307 497,233 53,190 51.051 130,516 9,433 50,825 145,772 9,902 7,744 26,334 2,876 8,849 33,632 1,413 3,002 48 i,o64 2: 373,931 181,19s 117,914 42,4o4 39»965 17,489 12,383 4,593 4,170 5.016 14,371 5,186 3,363 754 4,231 1,007 3,000 3,lll 1,261 2,288 223 56 19s 7L 317.185 39,636 12,331 13,406 TOTAL LIABILITIES 10,96*2,933 802,239 4,284,233 656,^47 797,461 411,894 302,327 1,830,890 365,840 252,4i6 358,538 24:3,720 656,828 Satio of total reserves to deposit and F.E.note liabilities combined 77*8 80.6 81.9 64.4 69.I 67.2 64.5 69.3 83.2 72.3 72.4 67.6 67.3 Commitments to make industrial advances 27,284 3,321 9,907 701 1,606 2,284 496 13s 1,351 593 4,521 155 2,211 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U.S.Government securities Other securities Within 15 days 5.3S1 3,028 32,014 1,582 29,675 4,656 2,430,239 181 656 l6 to 30 days 27 1,151 382 27,605 31 to 60 days 61 to 90 days 91 days to 6 months 203 597 1,85s 2,252 257 71,643 738 104,069 1,327 372.937 886 Over 6 months 8 27.049 1,824,310 181 FEDERAL EES2BVS HOTE STATEMENT ON JANUARY 8, 193$ B-SOld (In thousands of dollars) Total Boston Hew York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Eans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank "by F.R.agent 4,021,577 348,230 Held by Federal Reserve bank 365.813 36.6^5 921,231 286,711 366,717 192,306 177,116 130,411 20,151 16,686 l6,049 23,076 892,488 169,450 115,413 150,25s SI,381 319.676 49,822 8,480 6,017 10.421 7,1^3 40,912 3,655.764 311,585 791,420 266,560 350,031 176,257 154,o4o 342,666 i6o,970 109,396 139,837 74,23s 278,764 938,706 290,000 371,44o 174,000 133,685 911,000 143,632 111,500 137,000 78,000 289,263 In actual circulation Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from u. s . Treasury 3,934,843 356,617 Eligible paper 3,1*27 247 U. S. Govt. securities 152,000 Total collateral 4,090,270 356,864 2,064 359 — — 1+5 75 19,000 47,000 9^0,770 290,359 37l,44o 193,045 180,760 — — 8 27,000 33 551 5,000 l4,000 45 5,000 35,000 911,000 170,640 116,533 151,551 83,045 324,263
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