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STATEMENT FOB THE PEESS Released for publication Friday morning, July 12; not earlier* B-SOl Federal Reserve Board July 11f 1935. CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended July 10, as reported "by the Federal Reserve "banks was $2^75,000,000, unchanged from the preceding week and $7t000,000 a,bove the corresponding week " in 193^. On July 10 total Reserve "bank credit amotinted to $2,^73,000,000, an increase of $5,000,000 for the week* This increase corresponds with an increase of $152,000,000 in member bank reserve "balances, offset in part "by decreases of $68,000,000 in money in circulation, $70f000,000 in Treasury cash and deposits with Federal Reserve banks and $5,000,000 in nonmcmber deposits and/feairal Reserve accounts, and an increase of $4,000,000 in monetary gold stock. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances* An increase of $5t000,000 in holdings of United States Treasury bills was offset by a decrease of $5,000,000 in United States Treasury notes, Changes in the amount of Reserve bank credit outstanding and in related items during the weds and the year ended July 10, 1935• w e r e a s follows: Increase or decrease since July 10 July 3 1935 July 11 1934 (In trillions of dollars) Bills discounted Bills "bought U, S. Government securities Industrial advances (not including 21 million commitments - July 10) Other Reserve "bank credit 7 , 5 2,430 TOTAL RESERVE B A M CREDIT Monetary gold stock Treasury said national "bank currency 2,^-73 9,123 2.503 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R .banks Norunember deposits and other F.R.accounts 5.551 5,052 2,932 565 2S 3 -1 -16 -1 -2 +7 +28 -5 4 -1 ~6s +152 -70 +5 +1,2^2 +138 +207 +1,150 -82 +111 Rfelease'd for publication Friday morning, July 12,1935; n o t earlier. B-SOla ASSETS AMD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) July 10.1935 July 3.1935 July 11,19^ ASSETS Gold certificates on hand and due fromU. S. Treasury Redemption fund - F. R. notes . . . . . Other cash Total reserves . Redemption fund - F. 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 Certificates and bills 6,226,231 22,529 2*+1.301 6,1+90,061 — 6,226,221 22,881 216.175 6,1+65,277 — 3.939 2.902 6,8l+l l+,687 28,175 5,38^ 2.987 8,371 M87 27,904 +»X51+ 18.530 22,68*+ 5.259 292,1+16 1,528,108 §09.869 292,7U3 1,533.137 604.879 U67.820 1,227,107 73b.852 2,1+30,1+13 — 2,1+70,116 637 1+72,720 1+9,81+9 1+4.709 2,1+30,759 — 2,1+71,721 636 17»?40 527,436 ^9,839 1+4.652 2,1+31,779 I+83 2,1+60,205 3,138 20,361 1+29,215 52,717 48.353 9,5^9,955 9,577,501 8,08l+,l+71 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 3,267,1+01 — 3,299,860 — 3,098,273 41,01+5 5,051,797 101,588 2l+,930 277.526 ^,899,723 3,902,098 25,700 286.1+81+ 5,211 217.700 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 1 3 b ) . . Reserve for contingencies All other liabilities 5,1+55,81+1 1+70,026 ll+6,6l3 ll+l+,893 l+,188,ll+5 l+2l+,8S0 1^7,2^6 138,383 30,780 13.530 5,393,593 531,850 146,570 ll+l+,893 20,870 30,777 9.088 TOTAL LIABILITIES 9,51+9,955 9,577,501 S,08l+,1+71 Total U.S. Government 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 21,863 U,S10,603 25,051 231.32*+ 5.066,978 3,50^ 1 LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . Contingent liability on bills purchased for foreign correspondents . . . . . . Commitments to make industrial advances 20,871 ?l+.l+# 181,686 7*+.l+?6 — 20,850 20,81+1+ 63,136 22,51+0 23.959 69,555 1,1+01 ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BASKS OH JULY 10, 1935 (In thousands of dollars) ASSETS B~80rb 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 v. S. Treasury 6,226,231 ^ , 3 7 5 2,397,^73 286,857 ^20,5^7 187,8^2 1^3,081 1,373,396 193,91** 155,7^3 200,202 99.110 #3,671 Redemption fund - P. E. notes 22,529 3,791 1,019 1,SH8 1,7^1 2*235 3,508 1,981 l,l66 524 692 308 %7l6 Other cash 2^1,301 22,15^ 71»882 30»5*« 8,3^3 9>311 10.399 28,671 12,028 13.7^2 12,077 8.222 Total reserves 6,H90,06l 1*50,320 2,^0,374 Bills discounted: Secured by U#S»Govt, obligations, direct and/or fully guaranteed 2,294 954 3,939 Other bills discoxuated 108 2,902 2,175 Total bills disco-anted 4,469 6, g^l 1,062 Bills bought in open market 1,801 4,687 345 Industrial advances 6,856 28,175 2,263 U, S. Government securities: Bonds 292,4l6 17,420 99,496 Treasury notes 1,528,108 99,799 469,060 609,889 40,459 Certificates and bills 175,762 Total U.S.Govt, securities Total bills and securities Du.e from foreign banks P. E. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 2,430,413 157,67s 2,470,116 161,31*8 48 637 21,863 367 472,720 50,787 49,849 3,16s 44,709 551 319*053 ^30,631 199,388 156,988 220 115 57 30 277 475 145 445 3,680 1,543 60 60 120 174 ^512 207,108 170,029 212,971 107,8k) 361,511 — 57 — 57 — 169 1,073 557 1,^23 4 58 21 4 go 79 64 — 2,054 65 89 284 65 373 122 1,865 127 1,160 145 45 190 328 771 20,160 23,227 12,435 10,048 112,183 138,606 74,200 59,290 44,777 56,192 30,081 24,281 33,802 11,473 14,284 11,748 17,082 21,235 224,838 68,969 43,774 67,807 42,261 126,721 97,043 27,758 17,5*10 27,489 17,132 51,375 744,318 177,120 218,025 116,716 94,219 355,689 108,200 75,598 107,044 76,475 199,331 757,444 181,552 220,158 121,522 95,518 257 65 60 23 23 1,883 1,307 6,595 489 987 111,620 36,43s 42,333 40,804 14,307 11,582 4,642 6,632 3,028 2,32s 32,084 4,341 1,761 1,216 1,663 358,169 108,759 77,795 108,396 78,835 200,620 44 77 17 3 3 17 1,426 3,290 1,143 1*229 357 2,790 66,823 21,096 14,384 30,143 18,477 25,50s 2,62s 1,580 3,449 1,685 3,869 4*958 285 485 24s 697 525 853 9,5^9,955 666,589 3,390,25.6 546,580 702,562 367,864 272,134 1,038,062 340,985 265,545 356,687 207,864 594,827 ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS OH JULY 10, 1935 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. F.Hinotes in actual circulation 3,267,^01 283,182 Deposits: Member bank - reserve account 5,051,797 300,987 U.S.Treasurer- General account 101,588 1,610 Foreign tank 24,930 1,869 Other deposits 277.526 3,239 Total deposits Deferred availability items Capital paid in Surplus (Section j) Surplus (Section 13 b) Reserve for contingencies All other liabilities 5,455,841 470,026 146,613 144,893 20,871 30,780 Cleve. Rich. Atlanta B-SOlc Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 700,269 239,718 320,9^1 150,51+5 127,403 798,929 1^0,613 100,95s 122,597 53,708 228,538 2,189,275 222,952 299,170 154,682 110,288 5,515 2,258 3,812 3,713 30.425 2,570 2,467 935 961 8,524 8,195 4,218 219,016 3,515 2,374 307.705 2,447,240 239,232 308,113 162,970 117,310 50,994 110,121 33,790 41,726 39,55^ 13,887 10,754 59,^25 15,126 13,114 5,026 4,44l 9,902 5,186 5,5^0 49,964 13,470 14,371 2,098 1,008 2,918 2,165 6,578 75^ 1,648 7,500 2,996 3,000 l,4l6 2,602 150 289 249 197 239 9,159 890,886 156,209 129,455 190,783 120,117 286,993 9,5^9,955 666,589 3.390,256 546,58O Ratio of total reserves to deposit and F.S.note liabilities combined 74.4 76.2 7S.5 66.6 Commitments to make industrial advances 20,850 2,877 8,061 783 TOTAL LIABILITIES 30,982 3,012 3,706 2,960 779 21,350 1,391 5,325 2,140 4,655 547 3,572 623 8,029 7,234 927,840 168,723 140,884 68,295 21,218 i4,so6 3,991 3,129 12,792 3,420 891 1,003 1,171 3^7 17V 3,258 1,389 11,348 675 698 1,817 432 1,756 16,558 195,171 123,937 316,716 29,51^ 19,906 26,215 4,037 M 1 9 10,759 3,613 3,777 9,645 775 827 153 939 1,363 695 2,041 218 215 702,562 367,864 272,134 1,838,062 3^0,925 265,545 356,687 207,864 59^,827 6S.5 1,472 63.6 64.2 1,798 666 8I.3 67.0 514 70.3 1,789 67.0 151 243 60.6 66.3 448 2,048 MATURITY DISTRIBUTION OF BILLS A23D SECURITIES Total Bills discounted Bills bought in open market Industrial advances U. S. Government securities 6,S4l 4,687 28,175 2,430,413 Within 15 days 5,055 667 1,250 51,255 16 to 30 clays 92 373 125 ^3.023 31 to 60 days 6o4 891 369 88,034 6l to 90 days 866 2.756 728 50,963 91 days to 6 months Over 6 months 210 14 2.813 325,904 1,871,23^ 22,890 FEDERAL RESERVE NOTE STATEMENT OH JULY 10, 1935 B-gOld (In thousands of dollars) Total Boston Hew York Fhila, Cleve. Federal Reserve notes: Issued to F.R.baak by F.RJlgent Held by Federal Reserve bank In ^fc.tual .circulation Rich. Atlanta Chicago St.louts Minn. Kans.Cy. Dallas San Fran. 3.566,972 302,805 299,577 19,623 811,759 253,632 335.567 160,683 1^5,133 111,^90 13,91^ 1*1,626 10,138 17,730 836,759 1^6,608 107,5^5 132,^01 37,830 5,995 6,587 9,80^ 3,267,lK)l 283,182 700,269 239,718 320,9^1 150,5^5 127,^03 798,929 li+0,613 3,^,839 5,3^9 306 ,617 1,062 818,706 225,000 306,715 137,000 102,685 1U5 121 57 277 2,995 — 30,000 30,000 25,000 1*5,000 8^7,51*6 13^,632 61,650 272,^36 7,9^2 ^3,898 100,95s 122,597 53,708 228,538 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 188,000 — 3,608,188 307,679 821,701 255,277 336,860 162,121 1^7,7^2 — — b108,000 132,000 6U 2,000 79 14,000 8^7,5^6 11*8,636 — 59,675 236,263 370 175 3,000 39,000 108,079 13^,064 63,(^5 275,^38
@FedFRASER