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STATEMENT FOR THE PRESS Released for publication Friday morning, July 24; not earlier Board of Governors of the Federal Reserve System July 23, 1936 CONDITION OF FEDERAL RESERVE BANKS The the week the sane compared daily average volume of Federal Reserve bank credit outstanding during ended July 22, as reported by the Federal Reserve banks, was $2,4-78,000,000, amount as reported for the preceding week and an increase of I'11,000,000 with the corresponding week in 1935. On July 22 total Reserve bank credit amounted to §2,466,000,000, a decrease of $12,000,000 for the week. This decrease corresponds with decreases of $37,000 ,000 in money in circulation find 066,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $5,000,000 in monetary gold stock, offset in part by increases of $63,000,000 in member bank reserve balances and $33,000,000 in nonmember deposits and other F. R. accounts. Member bank reserve balances on July 22 were estimated to be approximately §2,990,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. A decrease of 111,000,000 in holdings of United States Treasury bills was offset by increases of $9,000,000 in holdings of United States bonds and $2,000,000 in United States Treasury notes. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended July 22, 1936, were as follows» Increase or decrease since July 22 1936 July 15 1936 July 24 19 35 (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 24- million commitments - July 22) Other Reserve bank credit TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Noma ember deposits and other F.R.accounts *Less than 0500,000. 3 3 2,430 — — 3 2 *30 + 1 - 13 + + 2,466 10,634 2,497 - 12 + 6 +1,499 6,153 5,935 2,955 55 4 - 37 + 63 + 5 + 1 - 66 + 33 2 9 6 + + 657 990 179 31 (B-801) Released for publication Friday morning, July 24, 1936, not earlier B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) July 22,1936 July 15,1936 July 24,1935 8,185,322 12,185 . , 293,440 8,186,524 12,542 287,652 6,226,004 21,746 265,497 8,490,947 8,486,718 6,513,247 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. 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 market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills 1,528 1,863 3,391 3,088 29,573 1,052 1,847 2,899 3,084 2.9,457 3,083 3,026 6,109 4,676 28,358 324,721 1,496,719 608,787 315,672 1,494,218 620,337 292,214 1,564,987 573,034 Total U.S. Government securities Other securities 2,430,227 181 2,430,227 igi 2,430,235 — 2,466,460 2,465,848 2,46^,378 225 28,268 591,182 48,055 44,275 229 25,884 681,238 48,055 43,499 646 18,977 459,960 49,904 46,230 11,669,412 11,751,471 9,558,342 3,976,863 4,006,015 3,242,240 5,935,131 519,317 61,415 238,445 6,754,308 591,841 129,790 145,501 26,513 34,105 10,491 5,871,746 592,501 60,100 205.713 6,730,060 669,018 129,822 145,501 26,513 34,111 10,431 4,944,603 282,077 25,258 239.827 5,491,765 469,872 146,630 144,893 21,287 30,780 10,875 11,669,412 11,751,471 9,558,342 .. Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS LIABILITIES F. 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 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . . 79.156 19.0% 74.6$ Commitments to make industrial advances . 2.3,771 23,839 22,197 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE' BANKS ON JULY 22, 1936 (In thousands of dollars) ASSETS B-801b Total Boston New York Phi la. Cleve,. Rich, jAtlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran, Gold certificates on hand and due from U. S. Treasury8,185,322 522,879 3,160,637 410,213 568,346 265,992 213,030 1,704,001 231,222 175,858 229,448 163,370 540,326 568 2,044 548 640 Redemption fund - F. R. notes 384 1,971 12,185 2,052 935 1,020 869 945 209 76,344 38,343 27,114 16,047 11,046 Other cash 293,440 31,914 38,565 12,819 8,488 12,752 6,294 13,714 Total reserves 8,490,947 556,845 3,237,91'6 449,576 596,008 282,607 226,120 1,743,206 244,910 184,555 243,145 170,048 556,011 Bills discountedt Secured by U.S.Gov't obligations — — — 1,528 1,080 50 12 5 215 25 91 50 direct or fully guaranteed — • — 44 1,863 56 21 Other bills discounted 1,423 319 — — Total bills discounted Bills bought in open market Industrial advances U. S. Government securities 8 Bonds Treasury notes Treasury bills Total U.S.Gov't 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 3,391 5 2,503 215 3,088 29,573 224 3,113 1,106 7,293 316 5,142 324,721 1,496,719 608,787 2,430,227 21,607 99,596 40,510 88,263 406,823 165,475 660,561 181 161,713 — — 50 56 21 293 1,576 120 3,543 108 725 28,217 31,507 17,105 13,142 130,061 145,220 78,838 60,575 52,902 59,068 32,067 24,639 211,180 235,795 128,010 98,356 — — - - — 25 — 384 2,081 87 537 — 61 1,296 56 410 50 86 973 86 1,610 217 1,684 38,630 17,360 11,571 16,425 12,502 28,392 178,054 80,019 53,334 75,708 57,628 130,863 72,423 32,548 21,693 30,794 23,440 53,228 289,107 129,927 86,598 122,927 93,570 212,483 — — — 181 — — 2,466,460 165,055 ; 671,463 216,853 237,714 131,729 99,210 291,572 130,576 87,955 124,223 95,676 214,434 18 225 28,268 376 591,182 58,626 48,055 3,113 304 44,275 8 10 22 79 23 10,396 769 1,585 1,947 1,840 149,456 44,148 58,942 49,586 19,219 10,854 5,080 6,525 2,919 2,284 33,573 3,464 1,720 1,115 1,442 28 4 16 7 3 7 3,424 1,754 1,258 1,782 398 2,739 82,259 24,411 17,664 35,146 21,888 29,837 4,830 2,453 1,531 3,360 1,526 3,580 362 288 771 249 460 527 11,669,412 784,337 4,113,737 719,913 902,516 469,913 350,123 2,126,090 404,357 293,328 408,123 289,831 807,144 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JULY 22, 1936 (in thousands of dollars) B-801c LIABILITIES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3,976,863 358,504 810,396,297,137 388,575 187,079 174,748 Deposits i Member bank - reserve account 5,935,131 317,782 2,649,737 319,493 396,431 191,758 116,449 U.S.Treasurer - General account 519,317 19,328 180,467 19,663 20,231 21,536 21,475 Foreign bank 61,415 4,479 22,987 5,629 5,568 2,663 2,118 Other deposits 238,445 2,024 177,163 1,586 5,522 2,959 3,065 914,171 171,406 122,222 151,841 84,728 316,056 952,792 163,348 117,707 192,310 133,663 383,661 122,890 23,354 19,433 16,929 31,740 22,271 7,021 1,816 1,453 1,750 1,755 4,176 330 2,235 27,243 2,821 8,266 5,231 6,754,308 343,613 3,030,354 346,371 427,752 218,916 143,107 1,085,524 196,784 143,824 211,319 169,393 437,351 591,841 58,582 149,713 43,267 54,870 49,226 18,990 82,399 26,080 18,069 35,133 24,721 30,791 129,790 9,401 12,092 3,755 2,975 3,935 3,816 10,195 49,879 12,227 12,562 4,708 4,245 145,501 9,902 21,350 4,655 3,149 3,613 3,783 9,645 50,825 13,406 14,371 5,186 5,616 26,513 2,874 546 1,003 1,142 1,252 754 1,121 1,391 7,744 4,231 1,007 3,448 34,105 1,413 894 1,449 840 1,328 1,849 7,573 3,111 1,280 2,519 8,849 3,000 10,491 144 300 237 810 70 136 48 268 1,590 637 274 5,977 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 11,669,412 784,337 4,113,737 719,913 902,516 469,913 350,123 2,126,090 404,357 293,328 408,123 289,831 807,144 Commitments to make industrial advances 23,771 2,742 9,293 334 1,439 2,319 287 77 1,824 91 397 536 4,432. MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought Industrial advances U.S.Government securities Other securities 3,391 3,088 29,573 2,430,227 181 Within 15 days 2,360 1,874 1,716 27,979 16 to 30 days 20 4 172 28,580 31 to 60 days 622 963 560 117,972 6DL to 90 days 283 247 91 days to 6 months Over 6 months 106 882 1,898 87,452 328,003 24,345 1,840,241 181 FEDERAL RESERVE NOTE STATEMENT ON JULY 22, 1936 (in thousands of dollars) B-801d Total Boston New York Phila. Cleve. Federal Reserve notes: Issued to F.R.batik by F,R.agent 4,308,3-44 379,528 Held by Federal Reserve bank 331,481 21,024 In actual circulation Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. 924,347 314,496 404,127 199,088 196,318 113,951 17,359 15,552 12,009 21,570 956,617 181,332 128,700 165,463 95,202 363,126 42,446 9,926 6,478 13,622 10,474 47,070 3,976,863 358,504 810,396 297,137 338,575 187,079 174,748 914,171 171,406 122,222 151,S4l 84,728 316,056 4,319,023 396,000 2,144 5 58,000 — 945,706 318,000 407,000 201,000 164,685 1,313 215 50 56 21 _ _ _ _ _ _ 35,000 966,000 167,632 130,000 158,000 96,000 369,000 __ 25 __ 4.9 360 50 15,000 — 8,000 4,379,167 396,005 947,019 318,215 407,050 201,056 199,706 966,000 182,657 130,000 166,049 96,360 369,050 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. Gov't"securities Total collateral
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