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STATEMENT FOR THE PEESS Released for publication Friday morning, June 28; not earlier# B-801 Federal Reserve Board June 27, 1935. CONDITION OF FEDERAL RESERVE BANES The daily average volume of Federal Reserve "bank credit outstanding during the -week ended June 261 &s reported by the Federal Reserve banks, was $2^77,000,000, a decrease of $9»000,000 compared with/prfceding week and an increase of $9,000,000 compared with the corresponding week in 193^ On June 26 total Reserve "bank credit amounted to $2t^72,000,000, a decrease of $10,000,000 for the week. This decrease corresponds with a decrease of $32,000,000 in Treasury cash and deposits with Federal Reserve banks, and an increase of $20,000,000 in monetary gold stock, offset in part by increases of $33,000,000 in member bank reserve balances ajad $U,000,000 in nonmomber deposits and other Federal Reserve accounts and a decrease of $2,000,000 in Treasury and national bank currency. 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 bills was offset by a decrease of like amount in holdings of United States Treasury notes* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended June 26, 1935, vrere as follows: Increase or decrease since June 26 J21L. June 19 J2iL June 27 19ft (in millions of dollars) Bills discounted Bills bought U, S. Government securities Industrial advances (not including 21 million commitments - June 26) Other Reserve bank credit •20 28 +1 2 -11 +28 -1 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and national bank currency 2,^72 9,109 2,508 -10 +7 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Uonraember deposits tad:other F.R. accounts 5MB 5,029 2,991 569 +20 -2 +33 -32 +197 +1,192 -86 +108 Released for publication Friday morning, June 2St1935? not earlier, B-SOla ASSETS AND LIABILITIES OF THE TTOLVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) June 26.1915 June 19>1935 June 27.195U ASSETS Gold certificates on hand and 6,126^91 due from U. S. Treasury . • Redemption fund - I. R. notes 22.5*33 Other cash * 259,614 6,388,688 To tal reserves Rede.trpvi,r~ fund - F. R, bank notes Billf; discounted; Sertuved by U.S.Gov*t„ obligations, direct and/or fully guaranteed 3,591 3,546 Other bills discounted Total bills discounted # • • . . 7.137 Bills bought in open market 4,690 Industrial advances • . • . 27,518 U # S* Government securities: Bonds * . . 316,365 Treasury notes . . , . . 1,510,483 602,879 Certificates and bills . Total U«S, Government securities Other securities • . • .. Total bills and securities * # Due from foreign banks / . , V. R* notes of other banks Uncollected items . • . . , Bank premises All other assets . . . . , TOTAL ASSETS • • .. 6,119,488 21,857 25 V, 018 k, 781,7^8 2M72 6*375*363 5,0^,523 ^,335 3,681 6,760 , 20.25,5 27,015 5,215 3,200 6,881 4,723 27,326 316,891 ^69,253 1,219,172 2,1*30,227 1,515,^36 597, 2,430,241 2,469,572 2,469,231 2,463,023 711 678 468,964 49»826 ^2,531 17,312 563.315 49,822 42.098 3.129 20,517 ^35,509 52,630 9,^37,1^5 9.517,819 8,209,171 3.197.S9S 3,188,278 3,055,99^ .46,347 741.849 2,430,274 519 185.50^ LIABILITIES F* R. notes in actual circulation . i1* Rf bank note circulation - net # Deposits: Member bank - reserve account # . V.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 — 5,019,^92 80,301 24,101 , 281,1+99 5,^5,393 467,642 146,584 144,893 20,482 30,77s 126,035 27,564 273,778 5,^23,043 551,087 1^6,594 144,893 20,482 30,77s 3,836,536 13^,396 5.767 219.281 M95.960 ^36,3^2 147,129 138.383 .... 22,53^ 13.475 12,664 166.462 9,^37.1^5 9,517,819 8,209.171 Ratio of total reserves to deposit and F t R # note liabilities combined • • • » Contingent liability on bills purchased for foreign correspondents 7^.2* Commitments to make industrial advances • 20,579 ^,995,666 — 69.65s — 20,404 1,740 — ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAKES ON JUKE 26, 1935 (In thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta B-SOlb Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 6,126,1+91 407,551 2,377,085 295,26s 412,724 174,443 117,006 1,419,856 189,630 l4i,099 192,819 91.551 307.459 Redemption fund - F. R. notes 22,583 3,798 1,107 1.572 1,808 2,252 3,564 2,007 1,170 527 697 310 3,771 Other cash 239,6l4 20,5% 71.146 30.462 8,785 10,1^7 10.842 29.554 11,575 13.798 12.283 7.698 12.779 Total reserves 6,388,688 431,894 2,449,338 327,302 423,317 186,842 131,412 1,451,417 202,375 155,424 205,799 99.559 324,009 Bills discounted: Secured by U.S.Govt, obligations, direct and/or fully guaranteed 3,591 768 1,305 %17 245 364 63 75 ^ 3 ?1 171 155 Other bills discounted 3.546 346 2,480 132 20 52 95 ~ 10 21 95 g?4 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Certificates and bills Total U.StGovt. securities ffotal bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 7,137 4,690 27,518 346 2,157 316,865 19,161 3,785 1,797 6,718 549 476 3,523 275 446 1,574 423 174 4,382 15g 169 1,091 75 558 1,939 l4 81 **82 24 65 2,053 ll6 127 1,142 395 122 1,790 209 339 667 1,510,483 98,553 602,879 39.964 106,395 22,086 25,644 13,729 11,111 464,124 110,804 136,876 73,27*+ 59.146 173.799 44,230 55.505 29.713 21.983 37.643 12,667 15VQ22 12,731 17.232 23,444 225,654 68,ll4 43,244 66,960 38,593 125,l4l 2,430,227 157.678 744,318 177.120 218,025 Il6,7l6 94,240 360,689 108,290 75.591 106,844 71.475 199.331 2,469,572 l6l,295 7H 52 16,853 3% 468,964 52.536 49,826 3 ,l6g 42,531 526 756,618 181,668 220,320 121,695 95.658 289 72 67 26 25 MlO 400 1,272 1,865 960 112,o4i 37,074 44,293 40,239 14,252 11,882 4,622 6,629 3.028 2,328 29,740 4,'444 1^835 1,268 1*673 97.192 27.419 17.325 27.151 15.650 50.746 3$3.26l 1QS;777 77.733 108,229 73,782 200,536 85 2,442 5 4 19 18 49 697 95O 1,398 324 1,590 62,361 20,987 13,465 32,444 16,706 22,566 4,958 2,628 1,580 3,449 1,685 3.869 654 253 516 273 899 450 9,437,145 649,816 3.364,518 555.582 697.733 354,963 246,308 1,885,178 335.722 249.672 351.611 192,973 553,069 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS OH JUKE 26, 1535 (In thousands of dollars) L I A B I L I T I E 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 3,197,89s 276,279 679,998 236,546 316,251 146,771 124,677 Deposits: Member "bank - reserve account 5,029,492 229,033 2,163,456 244,772 297,019 l46,S99 87,505 so,tci soi 1*5,012 i,si9 1,694 3,921 3,197 U.S.Treasurer - General account24.101 1.S3S 7,969 2,527 2,425 Foreign "bank 919 9^5 1 'HO 4,190 1.925 281,499 4,053 228,334 Other deposits 964,439 153.823 117.1SS 187,107 110,733 267,51s 15.906 2,305 2.057 1.836 320 1,433 2,961 766 613 6S7 664 1,737 3.929 8,462 6.719 1,291 1.859 17.199 5,415.393 295.725 2.444,77J. 250.537 305r328 153,690 93*740 467,642 52.740 109,869 43*987 39,683 14,253 146,584 10,760 15«126 13,127 5,031 4,439 llls^ 13,470 14,371 5,186 5,540 144,893 9,902 754 6,130 2,09s 1,007 2,918 20,482 2,165 7.500 2.996 3,000 IMS 2,603 30.778 1,648 6.837 622 26s 302 662 13.475 597 987,235 165>356 126,577 190,921 113,576 287,937 64,568 21,545 13.815 30,641 18,434 23,920 12,787 3,993 3,122 4.037 4.019 10,754 21,350 4,6^5 3,420 3.613 3,777 9,645 547 1,003 1,391 939 775 695 891 1,171 826 1.363 2.039 5,325 465 310 261 281 4ai, 2,389 _L 1 * • .w j Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 "b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 790.133 138,270 100,251+ 120,537 50,584 217,598 9,437.145 649.816 3,364.518 555,582 697,733 35M63 246.308 1,885,17s 335,722 249,672 351,611 192,973 553,069 Ratio of total reserves to deposit and F.R.note liabilities combined 74.2 Commitments to make industrial advances 20,579 75»5 78.4 2,86l 8,155 67.2 SS.l 1,531 807 62.2 60.2 1,508 672 81.7 66.7 499 68.5 1.790 66.1 76 223 60.6 448 64.1 2,009 MATURITY DISTRIBUTION OF BILIS AED SECURITIES Total Bills discounted Bills bought in open market Industrial advances U. S. Government securities 7.137 4,690 27,518 2,430,227 Within 15 days l6 to 30 days 5,070 870 1,203 66,160 412 607 183 51,055 31 to 60 days 110 714 305 83,637 6l to 90 days 1,294 2.499 525 52,033 91 days to b months 235 2.794 315,251 Over 6 months 16 22,508 1,862,091 FEDERAL RESERVE BOTE STATEMENT OH JUNE 2$, 1935 (in thousands of dollars) Total Boston Hew York Plula, Cleve. Rich. Atlanta B-gOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.baak lay F.RJLgent Held by Federal Reserve bank 3,1+78,268 293,251 280,370 16,972 787,165 250,383 322,557 157,1^2 lUl,75H 107,167 13,837 12.306 10.371 17.077 822,302 lW+,222 106s251 129,113 59,802 258,326 12.159 5.952 5,997 8.576 9.218 40.728 In actual circulation 3,197,898 276,279 679,998 236,51+6 316,251 1^6,771 12*+,677 790.133 133,270 100,25*4 120,537 50,58*+ 217,598 3.277.639 301.617 5,6lS l,lll+ 233,000 738,706 226,000 299.715 12*+,000 87,685 2,308 5I+9 275 **00 157 2^,000 30.000 35,000 58,000 827.3^6 131,632 107,000 125,000 55,675203,263 75 ik 2^ lib 395 193 — lU,000 — 7.000 1+.000 61.000 3.516,257 302,731 791.01*+ 250,51+9 329.990 159,^00 11+5,81+2 827.1+21 11+5,61+6 107,021+ 132,111+ 60,070 261+.1+56 Collateral held by a^ent as security for notes issued to bank: Gold certificates on hand and due from U.S.Treasury Eligible paper U. S. Govt, securities Total collateral
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