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SIA.TEMEUT FOB THE PRESS Released for publication Saturday morning, July 6; not earlier* B*g01 Federal Reserve Board July 5, 1935* CONDITION OF OTERAX RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended July 31 as reported "by the Federal Reserve banks was $2fhj59Q009OOQ$ a decrease of $2,000,000 compared with the preceding week and of $7*000,000 compared with the corresponding week in 193^ • On July 3 total Reserve bank credit amounted to $2,U6S,000,000, a decrease of 000,000 for the week. This decrease corresponds with a decrease of $1291000,000 ia member bank reserve balances and an increase of $10,000,000 in monetary gold stock, offset in part by increases of $121,000,000 in money in circulation and $11,000,000 in Treasury cash and deposits with Federal Reserve banks and a decrease of $U,000,000 in Treasury and national bank currency. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. Increases of $23#000,000 in holdings of U # S # Treasury notes and $2,000,000 in II, S* Treasury bills were partially offset by a decrease of $2^,000,000 in United States bonds. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended July 3, 1935, were as follows: Increase or decrease since July 3 June 26 197?, July 3 , (In millions of dollars) Bills discounted S Bills bought , 5 U. S. Government securities 2,^31 Industrial advances (not including 21 million commitments - July 3) 2S Other Reserve bank credit +1 ... +1 — -21 — -1 -6 +2S -26 TOTAL RESERVE M M CREDIT Monetary gold stock Treasury and national bank currency 2,U6S 9,119 2,504 J* +10 Ji -20 +1,253 +139 Money in circulation Member bank reserve balances Treasury cash and deposits with F,R,banks Nonmember deposits and other F.R,accounts 5.619 Moo 3,002 570 +-21 -129 +11 +1 +222 +M5U -111 +108 Released for publication Saturday morning, July 6,1935; not earlier. B~S01a ASSETS A1ID LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMB IKED (In thousands of dollars) July 1.1935 June 26.1935 Julyfr.193*+ ASSETS Gold certificates on hand and due from TJ. S. Treasury 6,226,221 Redemption fund - F. R. notes 22,881 Other cash 216.175 Total reserves 6,1+65,277 Redemption fund - F. R. bank notes . . — Bills discounted: Secured "by U.S.Gov't. obligations,direct and/or fully guaranteed 5»3S1+ Other bills discounted 2.987 Total bills discounted . . . . 8,371 Bills bought in open market ^,687 Industrial advances 27,9^ U. S. Government securities: , Bonds . 292,7^3 Treasury notes 1,533,137 Certificates and bills ,604,879 Total U. S. Government securities 2,1+30,759 6,126,491 22,583 239.614 6,388,688 — 4,732,681+ 25.231 211.608 5.019,523 ^»187 3.591 3.546 7.137 l+,690 27,518 4,579 24.409 28,988 5,317 316,865 1+67,807 1,510.1,221,881+ 602.879 71+2.099 2,1+30,227 2,1+31,790 Other securities Total bills and securities . . — 2,1+71,721 — 2,1+69,572 512, 2,1+66,607 Due from foreign banks . F. R. notes of other banks . . . . . . Uncollected items . . . . . . . . . . Bank premises . » . . . . • . . • • « • All other assets , . . . » 636 17,9^0 '.W 5.27,^36 72*839 W t 65g 711 16,853 1+68,964 1+9,826 1+2.531 3,129 15,585 1+78,866 52,682 1+7.277 9,577.501 9.^37.1^5 8,087,856 TOTAL ASSETS LIABILITIES 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 3,293,860 3,197*898 3,121,703 l+l+,852 !+,899,723 161,bSb 25,700 286.1+81+' 5.029,^92 80,301 2l+,:':01 281.1+99 3.71+5»739 152,150 ^,530 227.241 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 5,393,593 531,850 146,570 11+4,893 20,870 30,777 9.088 5,^5,393 1+67,61+2 ll+6,58l+ llP+,893 20,1+82 30,778 13.1+75 K 129,660 1+60,997 ll+7,12l 138,383 9,577,501 9,^37,1^5 8,087,856 ..... TOTAL 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 7!+.!$ — 20,81+1+ 7^.2$ — 20,579 22,51+0 22.600 69,2$ 1,1+50 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BARKS OH JULY 3, 1935 (In thousands of dollars) B-SOlb ASSETS Total Boston Hew York Fhila. Cleve. Bich* Atlanta Chicago St.Louis Minn* Kans^Cy. Dallas San Fran, Gold certificates on hand and due from u. S< Treasury 6,226,221 ^ 7 9 3 2,297,885 295,957 1 9 5 , ^ 153,620 1,^09,553 199,110 137,703 20U,102 106,33k 367,2^+6 Redemption fund ~ F. H. notes 22,881 3,797 1,107 1.872 1,808 2f252 3,56*+ 2,007 1,170527 696 310 3,771 Other cash 216,175 17,858 63,697 28,552 8,1^7 8,978 9,312 2^,728 10,613 13,17*+ 11,058 7,52^ 12,53** Total reserves 6,1+65,277 *+56,1+1+8 2,362,689 326,381 ^,1+59 206,6UU 166,1+96 .1,1+36,288 210,893 l$l9k(k 215,856 llkflGS 383,551 Bills discounted: Secured "by U#S,Govt. obligations, direct and/or fully guaranteed 5,3SU 62^ 3,912 230 ISO 171 11 -k 53 — kj Other bills discounted 2,987 155 2,251 83 30 35 27 — 21 81 259 Total hills discounted Bills bought in open market Industrial advances XI. Government securities: Bonds Treasury notes Certificates and bills Total bills and securities Due from foreign banks F* notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 8.371 l*,687 27»9<& 779 3*5 2,222 6,163 1,801 6,830 313 *75 3.633 210 ¥+5 1.557 206 17* 1+,1+1+8 38 169 1,078 557 1,925 k 80 7* 6»+ 2,03* 81 127 1,1*2 308 122 lrS27 195 328 666 292,7*3 17.^20 1.533,137 100,152 604,879 *0,106 ,99,^96 20,160 23,227 12,1+35 io,oUs 1*70,1*63 112,57* 139.097 7*,*63 60,123 17*.359 *+l*,386 55,701 29,818 2*,068 3*.3*1 11,*7* i**,3lo 12,0U8 16,5*9 21,235 228,688 69,211 *3,928 68,01*7 39,220 127,171 97,660 27,515 17,386 27,2*9 15,706 50,925 2,*30,759 157,678 7**,318 177,120 218,025 116,716 9*,239 360,689 108,200 75,62*1 107,31*1* 2,1*71,721 161,OSH 036 Us 17,9*0 358 527,1*36 57,836 1+9,839 3,168 ^,652 556 759,112 181,51+1 220,237 121,5** 95,52* 256 60 65 23 1,288 5,620 U13 1,*13 808 *8,853 *6,2*8 15,719 13*,3*6 6,629 11,882 u i 3,028 2,328 2,310 31.371 *,391 1,215 1.655 363,171 108,766 7l,*75 199,331 77,796 108,69* 73,732 200,520 1*1* 77 17 17 2 1,286 1,236 2,3*2 231 2,131 811* 67,7*5 22,08** 15,7*5 29,808 18,121 25,153 2,628 1,580 *.958 1,685 3.869 3,**9 1*97 702 2*6 861* 32s 517 9,577,501 679,^98 3,305,276 563*201+ 713,836 380,115 282,553 1,875,283 3^5,906 21+8,281 358,966 208,818 615,765 ASSETS AilD LIABILITIES OF THE FEDERAL RESERVE BASKS ON JULY 3, 1935 (In thousands of dollars) LIAS II II IE S Total Boston Hew York Phila. Cleve. Rich. Atlanta B-SOlc Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3,299,860 284,444 717,^75 242,295 319,456 152,835 128,620 Deposits: Member bank - reserve account 4,899,723 30^,993 2,012,012 225,419 295,997 1 5 M 6 7 110,669 U.S.Treasurer - General account 181,686 2,403 74,617 5,^25 8,636 5,323 9,379 25,700 1,869 9,294 2,570 2,467 961 935 Foreign hank 286,484 4,011 219,321 10,837 4,280 6,672 4,074 Other deposits 920,243 156,8^2 112,111 187,207 119,51+0 290,823 30,729 ^,571 2,468 8,132 2,895 27,108 3,012 779 623 69s 1,817 675 2,293 9,^55 6,605 971 1,^1 16,424 5,393,593 313,276 2,321,244 244,251 314,380 167,823 125,057 531,850 57,20; 137,571 42,898 Us,278 ^,737 15,370 146,570 10,754 4,445 5,031 59,386 15,126 13,112 5,186 5,540 144,893 9,902 49,964 13,470 W,37i 2,098 1,007 754 2,918 20,870 2,165 6,578 3,000 2,996 l,4i6 2,602 30,777 1,6^8 7,500 165 232 70 9,088 100 5,558 956,277 171,647 121,807 197,00s 124,651 .336,172 72,5V 22,384 15,236 29,564 20,231 25,825 12,784 3,993 3,127 4,036 4,019 10,757 4,655 3,^20 3,613 3,777 9,645 21,350 5U7 1,003 775 1,39^ 939 695 826 1,363 2,039 5,325 1,171 891 126 1,787 181 161 22L 122. Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 h) Reserve for contingencies All other liabilities 503,822 1^1,^57 102,34s 123,018 53,639 230,451 TOTAL LIABILITIES 9,577,501 679.49s 3,305,276 563,204 713,836 380,115 282,553 1.825,283 3^5,906 248,281 358,96b 208,818 615,765 Ratio of total reserves to deposit and F.R.note liabilities combined 74.4 76.4 77.8 67.1 68.5 64.4 65.6 81.6 67.4 67.5 67.4 64.0 67.7 Commitments to make industrial 20,844 2,879 8,053 advances 514 1,787 151 243 44s 2,041 836 1,493 1,72s 671 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought in open market Industrial advances U. S. Government securities 8,371 4,687 27,904 2,430,759 Within 15 days 6,401 906 1,207 46,050 16 to 30 days 31 to 60 days 255 495 200 44,853 63s 960 227 82,679 6l to 90 days 871 2,326 791 52,393 91 days to 6 months Over 6 months 191 15 2,658 324,273 22,821 1,880,511 FEDERAL RESERVE NOTE STATEMENT OK JULY 3, 1935 (In thousands of dollars) Total Boston Hew York Phila. Cleve. Federal Reserve notes: Issued to F.R.bank by F.R.Agent Held by Federal Reserve -bank Rich. Atlanta B-SOld Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. 3,537,6^6 298,062 237,786 13,618 805,711 253,^98 331,^21 l6l,532 1^3,866 88,236 11,203 11,965 8,697 15,2^6 83^,121 1^5,728 107,261 129,288 60,296 266,862 30.299 ^,271 *+»913 6,270 6,657 36,Ull 3,299,860 2 8 M H 4 717,^75 2^2,295 319,^56 152,835 128,620 803,822 1^1,U57 102,3^8 123,018 53,639 230,^51 Gold certificates on hand and due from U.S.Treasury Eligible paper U. S. Govt, securities 3,392,839 301,617 6,880 779 165.OOO 808,706 22^,000 302,715 137,000 112,685 M89 313 210 206 38 30,000 30,000 25,000 33,000 837,51*6 138,632 103,000 130,000 •6(5,675 236,263 H 7^ 79 50s 180 8,000 5,000 2,000 — 32,000 Total collateral 3.5^.719 302,396 813,395 2 5 M 1 3 332,925 162,206 1^5,723 837,5^6 1^6,636 108,07U 132,079 In actual circulation Collateral held by agent as security for notes issued to bank: 60,983 268,^3
@FedFRASER