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STATEMENT SOH THE PRESS Released for publication Friday morning, June 12; not earlier, Board of Governors of the Federal Reserve System June 11, 1936. CONDITION OF FEDERAL RESERVE BASKS The 4aiiy average volume of Federal Reserve bank credit outstanding during the week ended June 10, &g reported.by the Federal Reserve banks, was $2,^76,000,000, unchanged from the preceding week and the corresponding week in 1935* On June 10 total Reserve bank crcdit amounted to $2,^71,000,000, a decrease of $12,000,000 for the week. This decrease corresponds with decreases of $16 ,000,000 in money in circulation, $j6 f 0OO t OOO in nonmember deposits and other Federal Reserve accounts, and $20,000,660 in Treasury cash and deposits with Federal Reserve banks, and an increase of $71,000,000 in monetary gold stoc]?t offset in part by an increase of $120,000,000 in member bank reserve balances and a decrease of $Uf000,000 in Treasury and national bank currency* Member bank reserve balances on June 10 were estimated to be approximately $2,950*000*000 i n excess of legal requirements* Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances* An increase of $5,000,000 in holdings of United States Treasury notes was offset by a decrease of $5,000,000 in holdings of United States Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items during the wee]1: and the year ended June 10, 1936, were as follows: Increase or decrease since June 10 June" 3 J23L June 12 1935 ., (In millions of dollars) Bills discounted Bills bought U* S* Government securities Industrial advances (not including 25 million commitments - June 10) Other Reserve bank credit TOTAL RESERVE B A M CREDIT Monetary gold stock Treasury and national bank currency Money in circulation Ltember bank reserve balances Treasury cash and deposits with F.R* banks Uonmember deposits and other F.R* accounts 5 -3 -1 -2 2.^30 30 2 -13 2,1*71 -IS -1 2,Ug9 Ik -25 5,937 5.833 -16 +120 3.064 -20 '-36 lo,Hgo 605 -am +76 +133 (B-SOl) Released for publication Friday morning, June 12,1936; not earlier. B-SOla ASSETS AUD LIABILITIES OF THE 37CTELVE FEDERAL RESERVE BAIUCS OOHBIHED (In thousands of dollars) June 10,1936 June 3,1936 June 12,1935 7,939,040 7,S40,037 6,019,475 21,259 A S S E T S Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves 13,261 295,572 2,247,273 Bills discounted: Secured "by U.S.Gov't obligations,direct and/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 13,261 290,695 233,432 3,143,993 6,274,766 2,159. 3,611 2,240 4,434 3,300 5,^03 5,851 7,734 3,244 3,076 30,064 3,076 30,166 l,5Ul,224 265,620 1,536,227 623,337 2,430,2^7 622,337 2,430,244 265,686 4,706 27,222 316,904 1,512,420 600,279 2,430,263 121 121 2,462,971 2,469,512 2,469,925 23s 21,916 531,09s 20,243 237 44,6S5 613,591 42,052 42,629 694 12,020 523.601 49,214 ^9,592 11,362,832 11,33S,323 9,326,472 3,7S5,9SO 3,793,959 3,17S,446 5.S33.391 5,713,315 504,733 53,607 295,406 5,049,121 42,051 — L I A B I L I T I E S F . R. notes in actual circulation Deposits: Member bank - reserve account U.S.Treasurer - General account Foreign bank Other deposits . . . . . . . . . . . . 61,675 243,947 Total deposits Deferred availability itemsv Capital paid in Surplus (Section 7) Surplus (Soction 13 b) Reserve for contingencies . . . All other liabilities 516,4o4 . . . . TOTAL LIABILITIES 65,720 20,741 193,407 6,655,417 6,567,061 5,329,109 529,204 594,315 521,272 130,271 145,501 130,796 145,501 26,513 34,118 55.222 26,513 34,II4 46,064 11,362,232 11,33S,323 146,622 144,293 20,422 30,776 14,272 9,336,472 3atio of total reserves to deposit and F . R. note liabilities combined . . . . 79.of. 72.6$ 73.8^ Commitments to make industrial advances . 24.79S 24,872 20,002 ASSETS A m LIABILITIES OP THE FEDERAL RESERVE B A M S OU JUIIE 10, 1936 (In thousands of dollars) B-SOlb A S S E T S Total Boston New York Phila. Gold certificates on hand and due from U. S. Treasury 7.939,040 491,797 3,116,195 399,265 Redemption fund - F. R. notes 13,26l 2,290 1,875 327 Other cash 295,572 26,805 83,373 39.073 Total reserves 3,244 2,159 Total bills discounted Total U t 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 591,271 904 26,676 8,247,873 520,892 3,201,443 438,665 618,851 Bills discounted; Secured "by U.S.Gov't obligations, direct and/or fully guaranteed Other "bills discounted Bills bought in open market Industrial advances U.S. Government securities: Bonds Treasury notes Treasury bills Cleve. 230 53 2,200 1,490 5,403 283 3,690 3,076 30,064 224 2,924 1,094 7,327 386 Rich. Atlanta Chicago St.Louis 249,250 202,447 1,624,255 245,401 413 1,273 6ll 979 I8,4l6 10,833 35,165 13,903 268,079 65 12 31 52 77 83 Minn. Kans.Cy. Dallas San Fran. 160,976 26l 7,^17 217,788 147,275 492,520 1,051 ^53 2,224 15,297 5,284 12,730 215,153 1.660,031 260,283 168,65** 234,136 154,212 507,474 50 21 18 150 79 io4 10 97 2 8 — — 384 2,125 27 564 61 254 86 1,781 120 3,733 71 10S 723 i»3^o 68,473 20,755 23,973 479,025 115,646 :142,952 181,885 40,719 51,100 12,834 76,527 27,355 ll,0iq 65,704 23,486 28,415 169,440 123,309 13,^92 14,491 1,541,224 102,928 623,337 36,793 2,430,247 157,677 729,323 116,716 100,209 — — 265,686 17,956 181 — 5,146 18 23s 4ll 21,916 531,098 53,972 48,051 3,113 308 11,362,832 739,228 293 177.120 218,025 —. — 2,468,971 161,108 44,685 38 6 316 110 992 86 1,646 217 1,643 13,013 76,489 27,342 19,347 55,731 19,922 75,572 116,844 95,000 80,950 45,137 28,752 321,164 123,200 — 15,950 — 123,861 28 3,524 74,072 4,830 577 4 1,350 24,447 2,452 311 15,662 119.252 670,449 !900,212 441,034 339,444 12,066,801 412,702 92 5,692 609 10,851 32,835 32,547 5,080 4,557 126,785 23 22 1,307 51,733 6,525 1,592 46,193 2,919 1,089 17,562 2,224 1,413 110 — 342 323,673 741,554 182,968 220,176 120,652 101,171 10 8 2,092 1,247 — 2 340 181 77,076 112,357 3 1,052 — 21,91s 130,695 46,718 199,331 — 97,074 7 1485 201,301 16 22,963 2,37^ 29,322 1,531 452 7 1,107 29,762 3,360 337 1,526 864 3^44 264,436 387,066 277,131 3,520 744,471 ASSETS AND U T I L I T I E S OP THE FEDERAL RESERVE BANKS OH JUNE 10, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston New York Phila. Rich. Atlanta 77s,655 283,220 372,239 172,825 160,910 P.R.notes in actual circulation Deposits: Member 'bank - reserve account U.S.Treasurer - General account Foreign bank Other deposits 3.7S5.9SO 3Ulf,72U Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b ) Reserve for contingencies All other liabilities 6,655,^17 299,710 3,07^,1+31 314,775 529,204 53,735 123,087 38,010 130,871 9,373 50,863 12,315 145,501 9,902 50,825 13,406 2,874 4,231 7.7,44 26,513 1,413 3,000 8,849 34,118 24,798 18,097 1|^2 55,228 TOTAL LIABILITIES Cleve. 5,833,391 263,079 2,678,435 5l6,4o4 26,727 178,546 22,486 61,675 4,567 243,947 5,337 288,001 397,401 173,271 109,361 18,597 38,223 29,488 31,901 5,678 5,740 2,160 2,71§ 2,302 2,437 4,179 2,316 194,964 Chicago St.Louis 878,568 Minn. Kans.Cy. Dallas San Fran. 160,997 114,790 11+3,359 297,905 77,788 1,024,396 l6S,OJ«5 89,^+0 173,018 124,005 344,936 31,884 7,159 2,172 35,719 1,852 9,957 29,30^ l.UffiL 28,823 1.7S7 851 36,025 31,167 1,790 4,259 2,082 12,762 443,604 207,791 147,601 1,065,611 215,576 124,8X3 204*479 163,902 393,124 74,464 25,914 16,006 28,765 24,776 30,238 51,533 45,068 17,608 12,644 14,371 4,712 5,186 3,448 1,274 4,232 5,616 12,041 a,350 3,765 4,655 546 893 . 26a 3,1% 1,003 3,953 3.613 1,142 846 qpq 3,807 10,189 3,7S3 9,645 4q^ 1,849 4oo 11,362,832 739,828 4,119,252 670,449 900,212 441,034 339.444 2,066,801 412,708 264,436 387,066 277,131 744,471 Ratio of total reserves to deposit and F.R.note liabilities combined Commitments to make industrial advances 73.O 24,798 80.8 83.1 2,812 10,240 73.4 1,007 3,111 1,70? 75.9 305 1,462 m 70.4 754 2,51S 2C 69.7 2,342 296 i,39i 7v573 69.1 85.4 78 1,463 m ... 70.4 1,844 67.3 92 477 1,121 1,252 1,328 63.8 73.4 547 4,303 MATURITY DISTRIBUTION OF BILLS AHD SECURITIES Total Bills discount ed Bills bought Industrial advances U. S. Government securities Other securities 5,403 3,076 30,064 2,430,247 181 Within 15 days 4,159 1,935 1,491 48,541 l6 to 30 days 120 16 . 360 4I,54I 31 to 60 days 715 469 770 98,298 6l to 90 days 91 days to 6 months 47 362 45s 1,999 334,861 656 66,661 Over 6 months 24,986 1,840,345 181 FEDERAL RESERVE NOTE STATEMENT ON JUNE 10, 1936 (In thousands of dollars) Total Federal Reserve notes: issued to F.R. bank "by I.E.agent Held t>y Federal Reserve btmLz M 7 M 9 6 362,350 288,916 17,626 OJ KN 3,7S5,9SO jt jdc In actual circulation 3oston New York Phila. Cleve, Rich. Atlanta 3-S01d Chicago St.Louis H i m . Kans.Cy. Dallas San Fran. S76,529 296,32s 3S6.93S 122,97^ 915,135 170,539 1191100 158,135 26,662 33S,532 36,617 9,51+2 H,310 14,776 8,871+ 1+0,627 772,655 283,220 372,239 172,825 160,910 878,568 160,997 ni+,790 1^3.359 890,706 298,000 389,000 18l+,000 11+7,685 71 2 3 7 1 77 S3 35,000 920,000 171,632 120,000 158,000 87,000 31+5,000 21+6 291 110 10 97 893,180 298,371 335,077 18U.083 182,756 920,000 171,61+2 130,097 160,21+6 87,291 31+5,110 97,87!+ 13,168 ll+,699 10,1^9 20,651+ 77,7^8 297,905 Collateral held by agent a e security for notes issued to "ban!:: Gold certificates on hand and due from U. S. Treasury Eligible paper IT. S« Sov ! t securities Total collateral MS7,023 376,000 283 M13 37,000 U, 128,136 376,283 «•«— m*m 2,000
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