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STATEMENT FOR TEE PEESS Released for publication Friday morning, June 19; not earlier. Board of Governors of the Federal Reserve System June 18f 1936 CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended June 17, as reported by the Federal Reserve banks was $2,^85,000,000, an increase of $9,000,000 compared with the preceding week and a decrease of $1,000,000 compared with the corresponding week in 1935• On June 17 total Reserve bank credit amounted to $2,^80,000,000, an increase of $9,000,000 for the week. This increase corresponds with incree,ses of $111,000,000 in money in circulation, and $9$+,000,000 in Treasury cash and deposits with Federal Reserve banks, offset in part by decreases of $939,000,000 in member bank reserve balances, and $62,000,000 in nonmember deposits and other Fedoral Reserve accounts, and an increase of $63,000,000 in monetary gold stock. Member bank reserve balances on June 17 were estimated to be approximately $2,0^0,000,000 in excess of legal requirements® Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $50,000,000 in holdings of United States Treasury bonds was offset by decreases of $^7,000,000 in United States Treasury notes and $3,000,000 in United States Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended June 17, 193^, were as follows: Increase or decrease since June 17 June 10 June 19 (In millions of dollars) Bills discounted Bills fecm^it U. 8* Goverwient securities Industrial advances (not including 85 million comalimmtB ~ 1?) Other Reservo bank credit T O m , RESERVE BASK GHEDIT Monetary gold stock Treasury and national b&ak ttoy in Maafcar Imek f m m t m W S m m » Treasury cash and deposits with f Imfcm Honmembe*r deposits and other accounts +2 2 30 10 +3 ~3 29k80 10.$ -2 +1 +l±l 5^3 iHI -62 -20 +550 -22 (B-SOl) Released for publication Friday morning, June 19,1936; net earlier. B-S01a ASSETS J O LIABILITIES OF THE FEDERAL BES3RVE BilZIS COiffillTED (In thousands of dollars) June 17,1936 June 10,1936 June 19,1935 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes . . . . . . Other cash Total reserves Bills disco-anted: Secured "by U.S.Gov't obligations,direct and/or fully guaranteed Other bills discounted Total bills discounted Bills bo tight in open marl:et 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 barixs F« R. notos of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 7,93^,539 12,512 276,569 8,227,326 7»939»040 13,261 295,572 2,247,873 6,119,422 21,357 234,012 6,375,363 4,177 2,362 6,539 3,076 30,052 3.244 2,159 5.^03 3,076 30,064 3,oSl 3,200 6,CS1 4,723 27,326 315,697 1,494,219 620,337 2,430,253 121 265,626 1,541,224 623,337 2,4-30,247 121 316,291 1,515,436 597,93.4 2,430,241 — 2,470,107 232 24,037 696,106 42,052 33,196 2,462,971 232 21,91o 531.092 42,051 44,625 2,469,231 672 17.312 563,315 49,222 42.092 li,5o4,o62 11,362,232 9,517,219 3,272,924 3,785,920 3,122,272 4,293,667 1,421,4-57 60,372 221,584 6,597,026 626,625 130,813 1%,501 26,513 34,111 10,429 5,833,391 516,4-04 61,675 243,947 4,995,666 126,035 27,564 273,778 6,655,417 5,^23,043 529,204 130,271 145,501 26,513 34,112 55,222 551,087 146,594 144,293 20,422 30,778 12,664 11,362,832 9,517,819 LIABILITIES F. R. notd's in actual circulation Deposits: Member bank - resorvo account U.S. Treasurer - Gonoral account Foreign banl: Other doposits .... .... Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 1 3 b ) Reserve for contingencies All other liabilities 11,504,062 TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . . . Commitments to make industrial advances . 7 2 . 1 3 . & P 24,679 24,792 20,404 ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 1J, 1936 (In thousands of dollars) B-SOlb ASSETS Total Boston New York Phila. Cleve. Rich.. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 7,933,539 5 2 ^ 2 3,oii(g66 His,103 58l+,9SO 267,390 217,^93 1,61+1,2H0 21+5,751+ 155,257 2ll+,60s 153,061 503,239 Redemption fund - F.R. notes 12,512 2,248 1,605 231 771 576 1,800 1+50 9^5 2^7 1,020 U36 2,189 Other cash 276,269 2^332 72,715 38, ^ 25,777 10,360 3 M 3 3 12,70*+ 7,^50 5,957 11,909 Total reserves 8,227,326 551,58s 3,086,186 1+56,758 611,52s 285,310 229,653 1,676,523 259,^03 163,55H 230,032 1 5 9 , 5 1 7 , 3 3 7 Bills discounted: Secured by U.S.Gov't obligations, — — 2,618 44l 26 810 102 10 75 5 direct and/or fully guaranteed *+»177 65 25 — — 109 8 21 61 1,681 12 2,362 Other "bills discounted 52 359 59 1+1+1 316 5,172 7S 1+6 120 10s 110 —. Total bills discounted Bills bought in open market Industrial advances U.S. Government securities: Bonds Treasury notes Treasury bills 315,697 21,1+87 1,^,219 99,609 620,337 36,581 82,132 2l+, 663 28,877 15,^52 13,272 1+66,186 111,972 132,3^3 7 M 5 9 63,586 181,065 40., 485 50,805 27,19s 23,351 Total U S.Gov't securities Other securities 2,1+30,253 157,677 — 181 729,323 177,120 218,025 116,715 100,205 Total bills and securities 2,^70,107 161,692 238 18 7H2,146 1^3,055 220,171+ 120,61+3 101,126 323,661 10 22 8 28 92 23 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 6,539 3,076 30,05s 24,037 871 224 2,920 323 696,106 66,1+69 1+8,052 3,H3 32,196 320 *+,299 1,09^ 7,370 — — 77 293 1,779 — 763 3,730 — — 8,81+8 1+98 1,^99 1,296 1,56s 168,391 55,559 70,239 59,61+6 21,762 10,851 2,284 5,080 6,525 2,919 26,71+6 3,673 1,712 1,092 1,509 61+ 61 109 369 75 86 1,65s 217 1,623 34, 228 16,251 16,031+ 15,636 21,258 153,975 7Ss357 ^3,693 7 M 2 3 53,935 122,961 28,592 15,252 27,185 19,807 321,lbU 123,200 75,585 Ii6,s44 95,000 26,1+01 384 V 563 2,113 — - 1.33S — 86 1,023 181 126,1+81 1+6,1+1+9 199,331 — 123,960 77,01+8 11s, 21+3 97,113 201,21+6 1+ 7 7 • 16 3 S94 1,810 2,122 390 1,152 3,637 28,053 22,203 39,^61 26,195 35,663 102,461 4,230 3,360 1,526 3,520 2,453 i,53i 326 712 1+25 833 ^09 ^33 11,504,062 723,523 4,01+3,260 704,646 911,699 1+71,188 357,638 2,111,258 1+16,321 265,658 393,3^6 285,522 759,^03 'AASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 17, 1936 (In thousands of dollars) B-SOlc LIABILITIES Total Boston New Yorlr Phila. Cleve. P.R.notes in actual circulation Deposits: Member 1)01111 - 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 3,372,9s1* 355,66s Rich. Atlanta 797,620 291,407 375,151 176,678 167,763 U,S93,667 221,311 2,027,820 260,011+ 335,632 156,695 93,455 l,421,457 109,305 679,930 58,129 90,590 59,511 54,733 60,378 221,584 21,188 17M75 5,740 3,475 6,597,086 336,960 2,963,813 157,840 686,625 66,988 50,864 130,813 9,372 145,501 9,902 50,825 2,874 26,513 7,7® 34,111 1,413 8,849 346 10,429 5,705 11,504,062 783,523 4,043,260 327,358 52,422 12,274 13,4o6 4,231 3,000 548 704,646 Ratio of total reserves to deposit and F.R.note liabilities combined Commitments to make industrial advances 78.6 24,679 4,567 1,777 79»6 2,S07 82.0 10,203 73»8 305 5,678 3,299 2,716 2,812 2,160 4,139 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 889,733 165,324 117,^5 146,55s Si,703 307,844939,701 1^,719 81,920 153,084 114,567 302,749 122,606 53,756 31.12s 7,160 4,145 1,852 S?527 i,4si 4,309 40,099 45,846 70,824 1,737 479 1,790 2,091 4,259 11,656 435,199 221,734 154,487 1,073,612 209,854 118,838 195,449 164,294 395,488 69,686 57/872 22,052 104,734 30,969 20,486 41,557 29,076 32,943 12,64s 4,714 4,239 12,045 3,765 2,976 3,953 3,805 10,158 21,350 4,655 14,371 5,186 5,616 3,613 3,783 9,645 3,1^ 1,391 1,142 1,252 1,121 1,007 3,44s 754 546 1,003 7,573 846 1,328 1,849 3,111 1,274 2,519 893 1,456 281 228 1,370 265 526 282 208 355 315 911,699 471,188 357,638 2,111,85s 4i6,321 265,65s 393,346 285,522 759,403 75.5 71.6 l,46i 2,336 71.3 291 85.4 78 69.1 I,S45 69.2 67.3 9^ 4o6 64.8 541 73.6 4,312 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total 3ills discounted Bills bought Industrial advances U. S. Government securities Other securities 6,539 3,076 • 30,058 2,430,253 181 Within 15 days 4,852 1,966 1,671 33,514 16 to 3° days 684 270 228 34,975 31 to 60 days 586 172 681 57,286 6l to 90 days 668 620 123,242 $1 'days to 6 months 340 2,012 375,573 Over 6 months 24,846 1,805,663 181 FEDERAL RESERVE 2I0TE STATE!,1EHT OH JTJI7E 17, 1936 B-gOld (In thousands of dollars) Total Boston Hew York Phi la. Cleve. Federal Reserve notes: Issued to bank by F.R.Agent Held by Federal Reserve bank Rich.. Atlanta Chicago St. Louis Minn. H&ns.Cy. Dallas San 7 ran. 4, 132,931 370,913 259,91+7 15,559 891,162 302,229 389,478 186,933 136,177 93,542 10,S22 14,327 10,255 lS,4l4 3.872,984 355,66s 797,620 291,407 375,151 176,678 167,763 889,783 165,324 117,485 146,558 81,703 307,sUU Gold certificates on hand and due from U. S. Treasury Eligible paper U. S. Gov't securities 4,125,523 376,000 5,109 S71 43,000 — 905,706 302,000 392,000 188,000 157,685 926,000 173,632 117,000 152,000 90,500 31+5,000 101 110 6k 2,927 4i+i 77 78 319 75 8,000 5,000 30,000 Total collateral 4.173.632 376,871 908,633 302,4Hi 392,077 ISC,07s 137,731 In actual circulation 919,941 172,323 ia,690 158,'f$l 90,619 342,170 30,15s 7,^99 '4,205 12,233 S,9l6 34,326 Collateral held by agent as security for notes issued to bank: 926,000 173,7^2 122,o&j- 160,101 90,819 345,075
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