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STATEISEST FOR THE PESSS Released f o r publication Friday morning, July 26; not e a r l i e r B-SOl Federal Reserve Board July 25, 1935 CONDITION OF FEDERAL RESERVE 3AHKS The d a i l y average volume of Federal Heserve tank c r e d i t outstanding during the week ended July 2^, as reported "by the Federal Reserve "banks, was $2, US'],000,000, a decrease of $11,000,000 compared with the preceding week and an increase of $6,000,000 compared with the corresponding week in 193^ On July 2^, t o t a l Reserve tank c r e d i t amounted to $2,^60,000,000, a decrease of $12,000,000 f o r the week* This decrease corresponds with decreases of $3*+,000,000 in money in c i r c u l a t i o n and $37*000,000 in nonmember deposits and other Federal Reserve accounts and increases 6f $8,000,000 i n monetary gold stock and $2,000,000 in Treasury and national "bank currency, o f f s e t in p a r t "by increases of $^3,000 f 000 in Treasury cash and deposits with Federal Reserve banks and $21,000,000 in member bank reserve balances. Member bank reserve balances on July 2*+ were estlue&ed to bo approximately $2,31+0|000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased b i l l s and i n i n d u s t r i a l advances # i n increase of $22,000,000 in holdings of United States Treasury notes Has o f f s e t by a decrease of $22 f 000,000 in Treasury bills* Changes in the amount of Reserve bank c r e d i t outstanding and in r e l a t e d items during the week and the year ended July 24, 1935t w o r o follows: Increase or decrease since July 2k 1935 July 17 1935 July 25 193^ (In m i l l i o n s of d o l l a r s ) B i l l s discounted B i l l s bought U, S. Government s e c u r i t i e s Industrial advances (not including 22 million commitments - July 2*+) Other Reserve bank c r e d i t 6 5 2,^30 28 -9 - 11 + 28 6 TOTAL RESERVE 3AM CREDIT Monetary gold stock Treasury and national bank currency 2,460 9,135 2,50} - 12 + 8 + e 4 • +1,224 + 139 Money in c i r c u l a t i o n Member bank reserve balances Treasury cash and deposits with F.R. "basks Honmembcr deposits and other P.S.accounts 5,496 U.9U5 3,134 523 + 21 + 48 - 37 - 1 - tmmm — 15 mm — - + + + + 2 205 925 162 75 Released f o r publication Friday morning, July 2St 1935; not e a r l i e r . B~S01a ASSETS £SD LIABILITIES OF TEES TWXLV3 m)32AL 22SERV2 BAMS COLS HOD (In thousands of d o l l a r s ) July 2*4,1935 July 17,1935 July 25. 193^ ASSETS Gold c e r t i f i c a t e s on hand and duo. from TJ. S. Treasury . . . # Redemption fund - P. R# notes Other cash . . . . . . . . . Total reserves • • . . . Redemption fund E. bank notes B i l l s discounted: Secured "by U.S.Gov't, obligation*;, d i r e c t and/or f u l l y guaranteed Other "bills discounted . . Total b i l l s discounted B i l l s "bought i n open market I n d u s t r i a l advances . * . . , U. S* Government s e c u r i t i e s : Bonds Treasury notes . . • • . C e r t i f i c a t e s and b i l l s . . Total U.S. Government s e c u r i t i e s Other s e c u r i t i e s • 6,226,004 21,746 265,497 6,226*200 6,513*247 6,499,594 21,546 251.848 . . Due from foreign banks . , F. R. notes of other banks Uncollected items . . . . Bank premises . All other a s s e t s . . . , 3,60s 3.057 4,364 16.934 6,109 6,665 21,298 4,676 28,35S 4,679 28,268 5,271 292,214 1,564,987 573,034 292,222 1,543,136 594,889 468,094 1,252,308 2,430,235 2,430,247 2,432,052 2,469,378 2,469,859 471 2,459,092 646 18,977 49,904 46,230 643 22,075 543,628 49,904 45,325 3,128 18,700 399,143 52,728 9,55^,342 9,631,028 8,120,968 3,242,240 3,258,418 3,060,241 33,743 4,944,603 282,077 4,924,^)2 4,020,030 239,827 24,656 277,^5 7,885 211,851 5,451,765 5,477,332 4,287,567 469,872 146,630 144,893 21,237 30,780 10,875 542,264 146,60S 144,893 21,288 30,780 9,^5 405,799 147,285 138,383 9,558,342 9,631,028 8,120,968 3,083 3,026 459,960 TOTAL ASSETS 24,620 235.327 5,133,119 2,304 , Total b i l l s and s e c u r i t i e s 4,873,172 711,650 52,754 L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n P. R« bank note c i r c u l a t i o n - net Deposits: Member bank - reserve account . U.S. Treasiirer - General account Foreign bank . . Other deposits . Total deposits . . Deferred a v a i l a b i l i t y items Capital paid i n . . . . . . Surplus (Section 7) • • . • Surplus (Section 13b) . • . Reserve f o r contingencies * All other l i a b i l i t i e s . . . TOTAL LIABILITIES . . . . . Ratio of t o t a l reserves to deposit and JP.R. note l i a b i l i t i e s combined . . . Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . . . . . Commitments to make i n d u s t r i a l advances 25,258 74.6* 250,869 74.4^ 22,540 25,4IO 69.9$ 1,196 I » I » 22,197 47,801 21,696 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JULY 24, 1935 (In thousands of d o l l a r s ) B-SOrb ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago Gold c e r t i f i c a t e s on hand and due St.Louis 192,272 l4g,6o6 183,274 95,619 336,133 l,l49 516 681 299 3,700 12,59b 13,748 12,842 9,058 15,543 from u; s. Treasury Redemption fund - F. R. notes other cash 6,226,004 4-32,918 2,488,351 275,499 ^37,911 185,273 128,830 1,321,318 21,746 3,736 833 1,9^4 1,67s 1,810 3,473 1,907 265,497 31,904 74,175 31,390 10,367 lO,l4o 10,685 33,o4g Total reserves B i l l s discounted: 6,513,247 468,558 2,563,359 308,853 449,956 197,223 142,988 1,356,274 206,017 Secured by U.S.Govt, o b l i g a t i o n s , d i r e c t and/or f u l l y guaranteed Other "bills discounted Total b i l l s discounted B i l l s bought i n open market I n d u s t r i a l advances U. S. Government s e c u r i t i e s : Bonds Treasury notes C e r t i f i c a t e s and b i l l s Total U.S.Govt, securities Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks F. R. notes of other baaks Uncollected items Bank premises A l l other a s s e t s TOTAL ASSETS 689 59 1,544 3,026 2,223 422 90 90 30 P 4i 10 80 15 6,109 74s 3,767 512 120 120 90 15 4,676 28,358 2,261 345 1,790 475 445 l,64i 174 4,555 169 1,068 557 1,943 292,214 17,419 1,564,987 102,401 573,034 37,857 99,496 479,377 165,445 20,160 23,227 12,434 10,054 115,063 142,220 76,135 61,452 33,808 3,083 6,862 3,679 52,578 28,146 92,18b 162,870 196,797 104,976 355,376 60 3 18 65 119 318 105 45 63 83 437 456 64 2,081 127 1,157 122 1,847 150 32s 11,473 70,754 25,973 14,278 44,927 l6,4ll 11,548 69,575 25,721 17,082 ^3,362 130,026 16,031 48,070 4 — 4 80 808 21,235 2,430,235 157,677 41,897 7.44,318 177,120 218,025 116,715 94,225 355,689 108,200 75,6I6 106,844 76,475 199.331 2,469,378 161,031 756,737 181,786 220,231 121,564 95,552 358,204 108,740 77,824 108,211 78,881 200,617 266 60 65 23 23 485 1,606 2,037 972 3,930 H i , 77^ 38,076 43,309 38,318 13,423 4,642 6,632 3,028 2,328 11,937 33,6oo M33 l , 6 l 4 1,231 1,651 3 ,77 2,482 1,163 66,377 19,396 2,628 4,958 709 239 646 18,977 459,960 49,904 46,230 48 379 ^7,170 3,168 556 9,558,342 680,910 22,719 229,695 Minn. Kans.Cy. D a l l a s San Fran. 3 931 17 1,801 12,669 27,815 1,580 3,449 52S 337 17 388 44 2,803 16,858 24,775 1,685 3,869 465 867 3,^81,603 538,340 723,408 363,424 256,937 1,789,081 338,186 256,405 338,427 203,672 587,949 ASSETS AHD LIABILITIES CSF THE FEDERAL RESERVE BANKS OH JULY 24, 1935 (In thousands of d o l l a r s ) L I A B I L I T I E S B-8010 Total P.R.notes i n a c t u a l c i r c u l a t i o n Deposits: Member bank - r e s e r v e account U.S.Treasurer-General account Foreign bank Other deposits Total d e p o s i t s Cleve. Rich. Atlanta 3,242,240 285,567 697,103 235,734 318,223 :147,012 126,190 4,944,603 300,375 22,151,104 226,345 ; 318,270 :L53,809 98,659 282,077 15,922 186,531 1,593 7,888 6,568 2,586 25,258 1,869 8,852 2,570 2,467 961 935 239,827 4,191 192,694 1,806 1,635 2,036 l,4so : 103,660 5,^91,765 322,357 «J, 539,181 232,314 330,260 L63,374 Deferred a v a i l a b i l i t y items Capital paid i n Surplus (Section 7) Surplus (Section l j b ) Reserve f o r contingencies A l l other l i a b i l i t i e s TOTAL LIABILITIES Boston Hew York P h i l a . 469,872 48,298 146,630 10,754 144,893 9,902 21,287 2,165 30,780 1,64« 219 10,875 116,303 36,289 43,113 37,911 13,521 59,459 15,126 13,110 5,026 4,452 49,964 13,470 14,371 5,186 5,540 6,578 2,098 1,007 3,335 754 7,500 2,996 3,000 l,4l6 2,602 164 324 218 5,515 313 Chicago St.Louis Minn. Eane.Cy. Dallas San Fran. 793,278 139,902 98,698 121,696 54,121 224, 716 830,064 157,195 124,240 174,904 116,778 292,860 47,696 1,999 2,691 1*948 1,660 4,995 698 3,012 623 675 1,317 779 3,274 7,507 7,899 1,733 1,222 14,350 884,o46 167,480 :135,453 179,283 120,335 314,022 68,334 20,391 13,320 27,137 18,924 25,831 12,798 3,960 3,134 4,035 4,017 10,759 21,350 4,655 3,420 3*613 3,777 9,645 939 547 1,003 775 695 1,391 891 1,171 827 1,363 2,O4I 5,325 206 1,061 196 24O 360 2,059 9,553,342 680,910 3,481,603 533,340 723,408 363,424 256,937 1,789,081 338,186 256,405 338,427 203,672 537,94$ Ratio of t o t a l reserves to deposit and F.R.note l i a b i l i t i e s combined Commitments to moke i n d u s t r i a l advances 74.6 22,197 77.1 . 2,945 79.2 8,076 66.0 727 69.4 1,3^9 63.5 62.2 1,838 665 80.9 67,0 514 1,901 69.6 150 65.4 2^3 60^2 448 66.0 2,84l MATURITY DISTRIBUTION OF BILLS A© SECURITIES Total B i l l s discounted B i l l s bought i n open market Industrial advances U.S. Government s e c u r i t i e s 6,109 M76 28,358 2,430,235 Within 15 days 4,071 2,502 1,17S 43,023 16 to 30 days 55 632 184 4o,6l4 31 to 60 dcys 1,301 567 469 52,033 6l to 90 days 1+79 975 1,762 109,072 91 days to 6 months 196 l,7*+0 306,859 Over 6 months 7 23,025 1,878,634 FEDERAL RESERVE NOTE STATEUECTT ON JULY zk, 1935 (In thousands of dollars) Total Boston New York Fhila. Cleve. Rich. B-801d Atlanta Chicago St.Louis Minn. Eans.Cy. Dallas San Fran. Fodcral Reserve notes: Issued to F.R.barik by F.R.Agcnt Hold by Federal Reserve bank 3 , 5 ^ , 7 9 8 307,613 298,558 22,OW 804,887 250,97* 33M71* 152,593 1^3,327 107,78^ 1 5 , 2 ^ 16,251 11,581 17,137 830,38^ 1^7,336 10^,191 131,269 59,27^ 268,^72 37,106 5,^93 9,573 5,153 ^3,756 In actual circulation 3,2^2,2^0 285,567 697,103 235,731* 318,223 1^7,012 126,190 793,278 139,902 98,698 3,398,839 316,617 ^*627 7^8 201,000 — 818,706 216,000 316,715 133,000 92,685 2,293 512 120 120 90 — 35,000 20,000 27,000 55,000 8U7,5U6 136,632 105,500 127,000 57,175 15 U 63 - 82 ^35 — 12,000 — 6,000 2,000 121,696 5^,12122^,716 Collateral held by agent as security f o r notes issued to bank: Gold c e r t i f i c a t e s on hand and due from U.S. Treasury Eligible paper U. S. Govt, securities Total collateral 3,60^,1*66 317,365 820,999 251,512 336,835 160,120 1^7,775 8^7,561 231,263 1^5 UU.ooo 1^8,636 105,563 133,082 59,610 275, ^ 8
@FedFRASER