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STATEMENT FOB THE PRESS Released.' for publication Friday morning, July 3 1; not earlier. Board of Governors of the Federal Reserve System July 30, 1936. C01TDITI0IT OF FEDERAL RESERVE 3MJKS The daily average volume of Federal Reserve bank credit outstanding during the week ended July 29> as reported by the Federal Reserve banks, was $2,U6o,000,000, a decrease of $10,000,000 compared with the preceding week and of $3 *000,000 compared with the corresponding week in 1935* On July 29 total Reserve bank credit amounted to $2,1+60,000,000, a decrease of $6,000,000 for the week. This decrease corresponds with decreases of $30*000*000 in money in circulation, $'43,000,000 in Treasury cash and deposits with Federal Reserve banks and $3,000,000 in nonmember deposits and other Federal Reserve accounts, and an increase of $2*000,000 in monetary gold stock, offset in part by an increase of $81,000,000 in member bank reserve balances. Member bank reserve balances on July 29 were estimated to be approximately $3*050,000,000 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 Reserve bank credit outstanding and in related items during the week and the year ended July 29, 1936. wore as follows: Increase or decrease since July 29 July 22 1936 1936 July 31 1935 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 2k million commitments - July 29) Other Reserve bank credit TOTAL RESERVE BAM CREDIT Monetary gold stock Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F.R. banks Honmember deposits and other F.R. accounts 3 2,1+30 29 -6 +1 •M -6 2,1+60 10,6^2 2,1+96 -6 6,123 6,016 2,907 551 -30 +S1 +8 -1 J+s '-3 -3 -2 — +1 -1 -5 +l,i+9g -ii+ +605 +916 *-gl+ ‘+1+1 .(B-801) Released for publication Friday morning, July 31»193°; not earlier. B-SOla ASSETS ASD LIABILITIES OF THE TWELVE FEDERAL RESERVE BATES COMBINED (In thousands of dollars) July 29, 1936 July 22.1936 July 3 1,1935. ASSETS G-old certificates on hand and due from U. S. Treasury.......... . . Redemption fund - F. R. notes....... 0 tner 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 . . . . . . . . . . . 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 ................. s ,125,529 11,663 303,081+ 8 , 500,276 8,185,322 12,185 _..22LM o 8,1+90,947 6, 224,116 21,829 269,230 1,676 _ 1x222 3,66s 3,092 29,1+48 1,528 ___ 1*261 3,391 3,088 29,573 3,432 32i+,72l 1,1+96,719 608,787 2, 1+30,227 181 2,l+66,6l6 221 24,185 553,019 1+8,055 1+5,1+18 324,721 1 , 496,719 608,787 2,430,227 181 2,466,460 225 28, 26s 591,122 48,055 _ 292,212 1,569,963 ...562.034 2, 430,209 11,637,790 1 1 , 669,412 9 , 555,612 3,951,101 3, 976,263 3 , 261,622 6, 016,170 '466,210 57,15S 240.. 67 6 6,780,211+ 559,363 130,170 11+5,501 26,513 34,104 10,821+ 5, 935,131 519,317 61,415 238,445. 6,754,308 591,241 129,790 145,501 26,513 34,105 10*421 5 , 099,616 125,921 23,288 ... 2£3*552. 5 ,472,438 460,873 146,647 144,893 21,572 30,721 .. . l O J I i 11,637,790 1 1 , 669,412 9,555,612 6,515,175 6,570 4,687 28,354 2,469,820 635 17,127 455,435 49,904 47,516 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 . . . 79.2$ 79.1* 74.5* Commitments to make industrial advances 23,711 23,771 23,022 ASSETS AM) LIABILITIES OF THE FEDERAL RESERVE BANKS Oil JULY 29, 1936 (in thousands of dollars) B-201b ASSETS Total Boston Uew York Phila. Cleve. Rich. Atlanta Chicago St.Louisi Minn. ICans.Cy. Dallas San Fran Sold certificates on hand and due 2,125,529 501,U06 3,219,^52 ^01,139 520,171 260,761 207,351 1,660,427 225,210 179,762 238,512 150,582 560,084 from IT. S. Treasury 603 206 380 2,012 23£ 11,663 94S 1,962 Redemption fund - F. R. notes 2,034 5li 859 937 367 1 1,61+7 8,2l l + 32,603 32,1+07 13,296 303,02U j 39,822 13,925 Other cash 77,296 22,365 16,255 6,973 15,021 Total reserves 2,500,276 536,0^3 3,297,592 1+1+0,1+9!+ 609,01+7 277,923 221,016 1,700,912 21+0,591+ 182,722 252,7^5 157,935 577,127 Bills discounted: Secured by TJ.S.G-ovH obligations — — — 60 16 12 1,676 70 direct or fully guaranteed 191 1,213 79 35 — — — 12 •1+1+ 81 21 —1,992 1,521 Other bills discounted — . 307 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills 16 22*+ 3 ,101+ 2,73^ 1,110 7,27S 32l+,721 21,607 1 ,1+96,719 99,596 602,727 1+0,510 U.S•GrOv,t securities Other securities 2,1+30,2 2 716 1 ,713 — 121 22,263 1+06,223 165,1+75 660,561 Total Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 3,662 3,092 29,1+1+2 2,1+66,616 165,057 221 12 1+03 2l+,125 553,019 57,133 1+2,055 3,113 1+5,1+12 275 191 316 5 ,11+0 35 293 1,571 22,217 31,507 130,061 ll+5 , ?20 52,902 59,068 17,105 13,1^2 72,832 60,575 32,067 2l+,639 211,120 235,795 122,010 — — 21 102 723 56 120 3,635 — 92,356 — 671,623 216,227 237,691+ 131,821 99,202 8 22 10 75 23 8 ,261+ 713 1,^72 1,550 1 ,1+66 132,^69 1+1,182 5^,397 1+5,057 17,257 10,251+ 5,020 2,22l+ 6,525 2,919 31+,1+1+0 3,772 1,672 1 ,11+5 1 ,1+16 — 72 87 1+01 32l+ 2,052 - 61 1,239 81 86 973 32 6 86 1,600 70 217 1,732 32,630 17,360 11,571 16,1+25 12,502 22,392 172,O5U 80,019 53,33^ 75,708 57,622 130,263 72,1+23 32,5^8 21,693 30,79^ 2 3 ,^ 0 53,222 229,107 129,927 — — 26,592 122,927 93,570 212,1+23 — — — 121 291,5^3 130,1+93 27,898 12U, 2I+S 95,61+2 21I+,502 1+ l6 28 3 7 7 1,61+2 2,3^9 1 ,1+17 1,331 2,299 , 6 j? 77,702 21,937 18,961 35,035 26,101+ 25,779 l+,230 3,360 3,520 1,526 2,1+53 1,531 1+76 382 266 1+70 71+5 359 11,637,790 j 6 2 ,Ok 2 ^,155.377 70S,097 910,S29 1+60,425 3^2,655 2,072,109 397,220 292,271 1+17,513 222,153 82^,379 ASSETS AND LIABILITIES OF THE FEDERAL BESEEVE BAMS Oil JULY 29 , 1936 ( in thousands o f d o lla r s ) B-SOlc L IA B I L h i e s Total Boston Hew York Phila. Cleve, F.R.notes in actua,l circulation 3,9 51,101 356,695 208,322 295,125 386,581 Deposits: 6,016,170 293,865 2,721,021+ 312,750 Uol+,769 Member bank — reserve account U.S.Treasurer - General account 466,210 18,91+3 169,397 18,765 22,708 Foreign bank l+,225 20,905 5,310 5,253 57 ,15s Other deposits 21+0,676 2,637 181,993 1,855 5,002 Total deposits 6 ,780,211+ 32U,670 3 ,093,321+ 333,680 1+37,732 Deferred availability items 129,681+ 1+0,236 55,206 559,363 57,017 Capital paid in 9,1+01 130,170 50,221 12,231 12,561+ Surplus (Section 7) ll+5,501 9,902 50,825 13,1+06 1^,371 Surplus (Section 13 b) 2,871+ 7,744 1,007 26,513 4,231 Reserve for contingencies 3l+,l04 8 ,81+9 3,000 3 ,1 1 1 1,^13 All other liabilities _____________ 588 ______________ . 5 ,81+8 10,821+ 70 257 TOTAL LIABILITIES Commitments to make industrial advances Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 184,467 171,855 909.519 169,89s 121,247 151,450 83,383 312,499 187,383 112,7^1 23,979 23,75^ 2,512 1,99s 3,163 2,303 965,890 160,21s 121,568 196,931+ 132,635 1+01,31+3 70,993 23,286 22,513 20,061 23,208 28,098 6,623 1,713 1,37 0 1,653 1,656 3,940 1,770 8,180 1+,287 291 1 ,31+1+ 27,3^6 217,037 11+0,796 1 ,01+5,281 193,397 149,733 218,989 159,3^3 460,727 1+4,163 16 ,7 15 79,513 23,870 18,603 37,251 28,354 28,151 3,816 10,195 4,250 12,109 3,756 2,973 3,937 4 ,7 17 9,645 5,6l6 5 ,13 6 3 ,14 9 21,350 3,613 3,733 i+,655 754 1,121 5 1 + 6 1,252 3,1+1+8 1,003 1 ,1 4 2 1,3 9 1 840 1,449 1,328 1,349 1,28 0 2,518 S9U 7,573 S94 ,192 291 261 + 187 709 1,373 151 11,637,790 762,01+2 1+,155,377 708,097 910,829 1+60,1+85 3^2,655 2,078,109 397,280 298,871 1+17,513 282,153 324,379 23,711 2,71+9 9 ,15 1 326 1,526 2,328 286 77 l,S0l+ 397 91 536 4 ,44o MATURITY DISTRIBUTION OF BILLS AND SECURITIES Jotal Bills discounted Bills bought Industrial advances U. S. Government securities Other securities 3,66;>0 3,092 29,1+1+8 2,1+30,227 181 Within 15 days 2,028 352 1,5 5 0 28,1+59 l6 to 30 days 31 to 60 days 31 769 179 31,956 673 2I+1+ 575 12 3,716 6l to 30 days 278 1,727 930 79,232 91 days to 6 months Over 6 months 658 l,92l+ 319,096 2l+,290 1 ,81+7,713 181 3TEDE3AL RESERVE 1T0TE STATE!,32TT Oil JULY 29, (In thousands of dollars) 1936 B-SOld Total federal Reserve notes: Issued to F.R.bank by E.R.agent Held by Federal Reserve bank: In actual circulation Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. "ahs.Cy. Dallas San Fran, **,291,673 380,162 3^0,572 23,^67 921,335 31^,011 ^02,727 112,953 18,886 16,206 196,9^1 19^,832 12,^ 22,977 956,921 179,008 U7 ,U02 3 ,1 1 0 127,708 i6H,6n 9^.390 358,967 S ,k S i 13,161 11,007 46,468 3 ,951,101 356,695 808,382 295,125 386,531 184,4-67 171,855 909,519 169,89s 121,24-7 151,450 83,383 312,^99 4,313,023 396,000 2,37s 16 — 53,000 945,706 315,000 407,000 197,000 i6U,685 1,4-99 191 35 56 21 _ — _ . 35,000 966,000 164,632 130,000 163,000 — 78 — 76 — — 15,000 3,000 95,000 369,000 4,36s,4oi 396,016 9^7*205 315.191 ^ 7,035 966,000 179,710 130,000 166,076 95,336 369,070 Collateral held by agent as se curity for notes issued to bank: Gold certificates on hand and due from TJ. S. Treasury Eligible paper U. S. QrOVtt securities Total collateral 197,056 199,706 336 70
@FedFRASER