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STATEMENT FOE THE PRESS Released for publication Friday monning, July 17; not earlier. Board of Governors of the Federal Reserve System July l6, 1936. CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve "bank credit outstanding during the week ended July 15, as reported by the Federal Reserve "banks, was $2,^78,000,000, an increase of 000,000 compared with the preceding week and the same amount as reported for the corresponding week in 1935On July 15 total Reserve hank credit amounted to $2,^78,000,000, an increase of $6,000,000 for the week. This increase corresponds with increases of $58,000,000 in member bank reserve balances, $6,000,000 in Treasury cash and deposits with Federal Reserve banks and $2,000,000 in nonmember depositsand other F. R. accounts and a decrease of $2,000,000 in Treasury and national bank currency, offset in part by a decrease of $52,000,000 in money in circulation and an increase of $7,000,000 in monetary gold stock* Member bank reserve balances on July 15 were estimated to be approximately $2,920,000,000 in excess of legal requirements* Relatively small changes were reported in holdings of discount/purchased bills, industrial advances and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended July 15, 1936, were as follows: Increase or decrea.se since July 15 1936 , July 8 1936 . July 17 1935 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 2^ million commitments - July 15) Other Rsaerve bark credit TCIIAJj BKSWTft Br^K CREDIT Monetary gold t^ck Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F#R# banks KTonmember deposits and other F#R# accounts 3 2,^30 -2 — — 29 13 -1 +7 +1 +11 2,^78 +6 +7 +1,502 10,629 2,^96 -2 6,190 -52 +5S +6 5,S72 3,021 521 +6 -5 +660 +9US '-65 -39 +2 (B-S01) Released for publication Friday morning, July 17,193!?; not earlier. B-SOla ASSETS AED LIABILITIES OP THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) July 15,1936 July 8,1936 July 17,1935 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - P. R. notes Other cash Total reserves Bills discounted: Secured by U.S.Gov't obligations,direct or fully guaranteed Other "bills discounted Total "bills discounted Bills bought in open marlret Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills Total U.S. Government securities . . . Other securities Total bills and securities Due from foreign banks P. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 8,186,52412,54-2 287,652 8,^86,718 1,052 1,84-7 2,899 3,08429,457 315.672 1,494-, 218 620,337 2,430,227 181 2,465,848 229 25,884 681,238 48,055 43,499 8,106,569 12,54-2 ,271,008 8,^0,119 1,1+38 1,8583 . 296 3,085 29,500 6,226,200 21,5^6 251,8^8 6,499,594- 3,608 3,057 6,665 4-, 679 28,2o8 315,673 292,222 1,4-94-, 218 1,5^-3,136 620,337 594,889 2,430,228 2,4-30,2^7 181 — 2,^66,290 2,469,859 229 64-3 18,821 22,075 598,237 5^3,628 48,0541+9,90^ 4-2.533 ^5,325 11,751,^71 11,564-,283 9,631,028 4-,006,015 4,o4o,332 3,258,418 5,871,746 592,501 60,100 205,713 6,730,060 669,018 129,822 1^5,501 26,513 34,111 10,431 5,81^,251 4,92^,402 506,644250,869 60,321 24-,656 202,795 277,405 6,58^,011 5,4-77,332 593,077 54-2,264130,988 14-6,608 1^5,501 l44,893 26,513 21,288 34-, 117 30,780 9,744 9,4-45 LIABILITIES P. R. 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 1 3 b ) Reserve for contingencies All other liabilities TOTAL LIABILITIES 11,751,471 11,564,283 9,631,028 Ratio of total reserves to deposit and P. R. note liabilities combined . . . . 79.0$ 79.0$ 74-.4$ Commitments to make industrial advances . 23,839 23,844 21,696 ASSETS AITD LIABILITIES OF THE FEDERAL RESEBVE BAUKS OB JULY 15, 1936 (In thousands of dollars) B-801b ASSETS Total Boston New York Phi la. Cleve. Eich. Atlanta Chicago St.L0uis Minn. Kans. Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 8,186,524 512,636 3,085,698 4l5,l47 589,298 265,796 218,285 1,757,418 247,630 176,286 229,494 166,543 522,293 Redemption fund - P. E. notes 12,542 2,097 1,198 1,088 656 451 1,683 797 912 228 99^ ^13 2,025 Other cash 287,652 30,835 74,830 37,7^0 27,352 15.734 10,555 35,284 12,595 3,422 13,317 6,299 14,639 Total reserves 8,4s6,7i8 545,568 3,161,726 453,975 617,306 282,031 230,523 1,793,499 261,137 184,936 243,805 173,255 538,957 Bills discounted: Secured by U.S.Gov11 obligations 1,052 direct or fully guaranteed Other bills discounted 1,247 Total bills discounted 2,899 3,084 Bills bought in open market 29,457 Industrial advances U. S. Government securities: 315,672 Bonds 1,494,218 Treasury notes Treasury bills 620,337 Total U.S.Gov't securities 2,430,227 Other securities 181 Total bills and securities Due frosj foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 5 21 26 224 2,858 21,006 99,429 41,278 161,713 — 2,465,848 164,821 18 229 25,884 391 681,23s 70,847 4c,055 3,113 332 43,499 71S 1,37S 2,096 1,102 7,327 160 17 , 49 — — 160 316 5,149 — — 293 1,599 85 — 21 66 120 3,556 21 108 723 — — — 384 2,097 — — 85 87 554 — 61 1,303 ~~ 56 56 86 984 57 322 379 86 1,622 10 — 10 217 1,685 85,802 27,431 30,629 16,627 12,776 406,145 129,844 144,977 7S,707 60,474 16s,6I4 53,905 60,189 32,676 25,106 37,553 16,876 11,249 15,968 12,155 27,600 177,757 79,886 53,244 75,530 57,530 130,645 73,797 33,165 22,105 31,375 23,885 54,238 660,561 211,180 235,795 128,010 289,107 129,927 86,59s 122,927 93,570 212,483 — — — 131 — — — • — 98,356 — 671,086 216,305 237,687 131,752 99,208 8 22 10 83 23 6,984 1,528 1,636 737 1,567 166,956 49,299 69,049 54,001 22,164 10,354 5,080 6,525 2,919 2,284 32,594 3,528 1.735 1,137 1,454 11,751,471 785,090 4,050,233 729,447 934,010 473,417 357,169 £ — 291,538 130,653 37,962 124,234 95,657 214,395 16 4 28 3 7 7 4l4 2,514 3,864 2,253 1,908 2,083 96,907 29,102 20,132 42,381 25,907 34,493 4,830 2,453 1,531 3,360 1,526 3,530 541 458 736 258 369 307 425,860 296,841 416,333 297,073 794,496 ' ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BAMS OH JULY 15, 1936 (in thousands of dollars) B-SOlc L IA B X LIT IE S Total Boston Hew York Phila. Cleve. F.R.notes in actual circulation Deposits: Member bank: - reserve account U.S.Treasuer -"General account Foreign "bank Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES Commitments to make industrial advances i+,006,015 360,1*06 Rich. Atlanta 819,651+ 300,161 388,1+61 188,577 176,915 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 920,327 173,o44 122,510 151,766 5,271.7^6 299.<&5 2,553,777 324, 77U 4l6,247 188,135 117,498 978,552 592,501 24,1+95 212,030 17,621 19,520 23,994 22,464 143,059 5,629 5,56s '60,100 4,1+79 2,663 2,119 7,021 21,671 i,sos 5,127 205,713 2,877 160,957 2,622 3,472 .. 1,899 6,730,060 330,896 2,948,435 349,832 1+1+6,522 217,1+1!+ 1^5,553 1,130,531 669,018 70,114 159,352 1+6,381 67,708 52,737 21,1+22 96,1+50 l + » 2 I + 3 129,822 9,435 49,871+ 12,223 12,562 4,70* 12,077 145,501 9,902 50,825 13,1+06 11+.371 5,186 5,616 21,350 75I+ 26,513 2,871+ 3,1+1+8 7,7*+4 1+.231 1,007 1,391 8,8l+9 3,000 3,lll 1,279 2,519 34,111 1,1+13 7,573 68 268 1I+7 10,431 50 5,550 213 1,753 85,602 318,592 17^,765 115,676 187,321 138,662 377,29*+ 26,257 24,910 23,607 29,546 24,998 1,816 1,453 1,750 1,755 M76 8,277 4,572 273 2,2.^5 11,501+ 211,115 ll+6,611 212,951 172,228 1+17,972 31,626 18,509 1+1,787 27,92s 35,ooi+ 3,75-7 2,975 3,963 3,815 10,190 4, 655 3,11+9 3,613 3,783 9,61+5 546 1,003 l, ll+2 1,252 1,121 891+ 1,1+56 8i+o 1,32s i,si+9 223 628 271 1,137 123 11,751^71 785,090 i+,050,2S3 729,1+1+7 934,010 1+73,1+17 357,169 2,191,1+52 1+25,860 296,81*1 1+16,333 297,073 794,^96 23,839 2,762 9,1+2!+ 338 1,1+1+8 2,326 287 77 1,717 91 1+01+ 538 l+,l+27 MATURITY DISTRIBUTIOH OF BILLS AHD SECURITIES Bills discounted Bills bo-ught Industrial advances U.S. Government securities Other securities Total 2,899 3,081+ , 29,457 .2,1+30-, 227 181 Within 15 days 1,959 1,625 1,502 28,827 16 to 30 days 17 352 288 28,1+59 31 to 60 days 61 837 670 69,886 6l to 90 days 725 270 si+o 130,275 91 days to 6 months 137 i,9Si+ 331,149 Over 6 months 24,173 1,81+1,631 181 FEDERAL RESERVE NOTE STATEMENT ON JULY 15, 193b (In thousands of dollars) B-SOld Total Boston Hew York Phila. Cleve, Federal Reserve notes: Issued to F.R. bank "by F.R.agent 4,331,177 3S2.U3S 927,^71 Held by Federal Reserve banlc 325,162 22,032 107,817 In actual circulation Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 315.662 406,854 200,645 198,269 958,565 182,960 129,084 165,925 6,574 14,159 15.5Q1 18,393 12,068 21,354 38,238 9,916 4,006,015 360,406 819,654 300,161 388,461 188,577 176,915 96,290 367,014 10,688 46,422 920,327 173,044 .122,510 151,766 85,602 312,592 Collateral held by agent as security for notes issued to banlc: Gold certificates on hand and due from U. S. Treasury Eligible paper U. S. Gov't securities Total collateral 4,348,023 396,000 945,706 318,000 4l0,000 202,000 172,685 966,000 179,632 130,000 l6l,000 98,000 369,000 1,647 26 901 l60 — 66 21 — 85 — 49 329 10 39.000 — — — — — 30,000 — 4,000 — 5,000 — 4,388,670 396,026 946,607 318,160 4io,ooo 202,066 202,706 966,000 183,717 130,000 166,049 98,329 369,010
@FedFRASER