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STATEMENT FOR THE PHESS Released for publication Friday morning, June 7; not earlier. B-SOl Federal Reserve Board June 6, 1935• CONDITION OF FEDERAL RESERVE B A M S The daily average volume of Federal Reserve bank credit outstanding the l 1+ during 00 week ended June 5* reported by the Federal Reserve banks, was $2, +7 »0 >000^ a decrease of $1,000,000 compared with the preceding week and an increase of $4,000,000 compared with the corresponding week in 193^* On June 5 total Reserve bank credit amounted to $2,^7f>f °00f 000, an increase 0 0 0 of $8,000,000 for the week. This increase corresponds with increases of $S7>000» in member bank reserve balances, $60,000,000 in Treasury cash and deposits with Federal Reserve banks and $3,000,000 in money in circulation and a decrease of $5*000,000 in Treasury and national bank currency, offset in part by an increase of $81,000,000 in monetary gold stock and a decrease of $67,000,000 in nonmember deposits and other Federal Reserve accounts. Relatively small changes were reported in holdings of disco-unted and ptrch&sed bills and industrial advancesf Increases of $6,000,000 in holdings of United States Treasury bills and $2,000,000 in United States bonds were offset by a decrease of $8,000,000 in holdings of United States Treasury notes* Changes in the amount of Reserve bank creditw e outstanding and in related items r e a s during the week and the year ended June 5t 1935 » follows: Increase or decrease since June 5 19^ May 29 19??, June 6 (in millions of dollars) Bills discounted Bills bo-ught U . S . Government securities Industrial advances (not including 20 million commitments - June 5) Other Reserve bank credit 2.U30 27 5 +S +27 -5 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and national bank currency 2,^75 8.916 2.521 +2 +S1 -5 +1,126 Money in circulation Member bank reserve balances Treasury cash and deposits with F,R.banks Nonmember deposits and other F t R # accounts 5,51^ g . 5 k&k 3,030 ^53 -21 +3 +87 +60 -67 +172 +1.127 -I* -14 Released for publication Friday morning, June 7»1935» n o t earlier, B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDEBAL RESERVE BANKS COMBINED (In thousands of dollars) June 5,1935 May 29,1935 June 6.193** 5,909t299 22,2^8 222*922 5,868,300 4,706,157 6,110,496 223,321 4,959,488 4,434 A S S E T S Gold dertificates on hand and due from U . S. Treasuxy • . . . . Redemption fund - F. R . notes . . . . . . Other cash . . Total reserves • . • Eedemption fund - F . R . bank notes f . . 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 . . • • • . . . • • • • Certificates and bills . . . • . . . . 6,15^529 — — M90 4,914 3,372 Km 4,700 27,022 316,852 1,552,980 2,1+30,206 Total bills and securities . . Due from foreign banks . . . . . . . F . R . notes of other banks . . . . . Uncollected items • . . Bank premises . . . . . . . 2,470,011 700 15,888 . . . . . 4,700 26,977 314,512 1,561,448 554,304 2,430,264 30,010 5.663 23,33^ 28,997 5,221 - - 406,258 1,214,508 809.470 2,430,236 534 2,470,227 2,464,988 15,743 18,451 700 3,122 U99 f 8Sl ^9.711 455,926 49,701 9,238,3^0 9*l 9»379 8,127,232 3,182,0^9 3,171,650 3,068,807 H7.620 TOTAL ASSETS 8,286 8,083 Total U.S.Government securities . . Other securities . . . . . . . . . . . . 22,249 219,19^7. 47.086 5+ >+35.751 52,609 18?,389 L I A B I L I T I E S F»R # notes in actual circulation . . . . F.R* back note circulation - net .... 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 - 4,914,24l 95.442 58,748 3,787,048 75.758 174.468 4,826,596 74,472 ^7,345 215,021 5.206,147 5,163,434 496,046 460,029 4,092,30s 21,996 146,62s 3,686 225.816 429,302 146,433 lU4,S93 146,654 l44 f S93 30,781 11.731 30,782 12,372 22,532 170,719 9,23S,340 9,149,879 8,127,232 20,065 Ratio of total reserves to deposit and F . R . note liabilities combined . . . * Contingent liability on bills purchased for foreign correspondents . . . . . . 73 Commitments to maize industrial advances . 19,628 — - 20,065 73.3^ - - 19,425 138,383 69.3$ 2,447 — ASSETS AND LIABILITIES OP THE FEDERAL RESERVE B A M S ON JUNE 5 , 1935 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis B-SOlb Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U . s . Treasury 5.909.299 407,774 2,214,939 280,864 1+28,217 185,440 115,130 1,356,629 168,289 145,324 193,072 88,380 325,241 Redemption fund - F . B . notes 22,248 3,961 1,552 1,4144 1,1+97 1,969 3,766 2,27? l,2l+7 607 760 3I+5 2,828 2.3, $¥+ 10,87? 1P.5Q3 10,809 Total reserves 6,15!+,529 Bills discounted: Secured by U.S.Gov't, obligations, direct and/or fully guaranteed l+,690 Other bills discounted 3,393 1+32,100 2,017 2,31+9 1+1+8 177 310 22 ll+2 181+ 8,083 1,107 1+.366 625 332 211+ Total bills discounted Bills bought in open market Industrial advances U . S . Government securities: Bonds Treasury notes Certificates and bills Total U.S.Govt, securities Total bills and securities Due from foreign banks F . R . notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 1+.700 27,022 923 3I+6 2,135 2,283,079 313.788 1+36,985 197,721 129,866 1,382,51+5 180,1+08 158,1+3!+ 201+.61+1 1,807 6,383 1+76 3,321 1+1+6 1,1+49 316,852 19,162 1.552,980 101,000 560.371+ 37.516 2,1+30,206 157,678 106,391+ 20,910 25,056 1+73,828 107,079 137,059 l64.0°6 3<5.131 50.910 2,1+70,011 161,316 700 52 756,871+ 171.51+2 215,252 27s 72 67 7l+i+,3l8 72 171+ 1+.392 61+ 81 531 85 65 2,004 62 297 252 215 96 549 127 122 266 329 34 1,026 12,667 15,017 12,731 69,794 1+4,297 68,623 25.7*1 16.264 ?5.4qo 108,200 75,578 106,844 1,790 51 676 167,120 213,025 113.563 94.231 378,81+3 118,31+3 95,769 25 1,186 19,798 2,325 1.707 381,676 108,876 77,732 108,093 73,936 200,602 4 18 49 85 5 19 1,216 968 2,559 292 1,631 1,383 66,009 26,589 13,936 29,519 24,44o 23,467 2,628 1,580 3,448 1,685 3,869 !+»955 272 370 936 505 m 233 11,791 34,816 4,605 4,4}2 1,591 9,238,31+0 61+6,671+ 3,202,929 533,31+8 706,81+1 372,302 1+9,711 1+7,620 106 558 2.169 85 — 22.511+ 112,588 3,168 521+ 273 169 1,096 10 27.11+0 26 1.567 50,378 3,028 1,239 3,503 51+ 39,780 21+9,819 Sq.244 951 1+5,366 311 1+9,203 100 6 13.357 11,101+ 73.066 60,613 321 38,588 15,888 1+99,881 65 208 94,899 340,063 6,629 250,676 1,838,62!+ 319*955 253,221+ 31+7,375 17,230 23,444 39,553 128,249 i4 t 6q? 4 7 , 6 ^ 71,475 199,331 196,206 570,186 ASSETS M D LIABILITIES OF THE FEDERAL BESERVE BAEKS OH JUIIE 5, 1935 (In thousands of dollars) L I A B I L I T I E S Total Boston Hew York 3,182,049 267,09s J # R .notes in actual irculation Deposits: 4,914,241 299.361 Member bank - reserve account U.S.Treasurer - General account 2,324 95,442 Foreign "bank 1,574 . 21,996 Other deposits 2,546 174 t 46S Total deposits 5,206,147 305,905 496,046 48,757 Deferred availability items Capital paid in 146,628 10,761 Surplus (Section 7) 144,893 9,902 Surplus (Section 13 b ) 20,065 2,165 Eeserve for contingencies 1,648 30,731 other liabilities 433 11.731 672,27s 1 TOTAL LIABILITIES 9,23s,3U0 Batio of total reserves to deposit and P.E.nate liabilities combined Conmitments to make industrial advances 73**+ 19,688 6^6,674 Phila. Cleve. Hich. Atlanta 234,584 312.375 149,726 125,435 2,122,295 216,614 306,644 152,312 85,481 2,159 787 2,7^0 48,245 8,181 111.SS7 1,950 2*164 7.212 5,722 2,077 1.647 809 Chicago St.Louis Miim. Kans.Cy. Dallas San Pran, 139.121 103,037 789,186 B-801c 50,377 120,Si4 217,418 927,005 126,973 116,866 182,885 107,792 270,013 5,491 7,290 1,927 ^,525 96 14,066 656 588 2,536 525 569 1,530 9.080 7.0*5 1.7*51 i.4s6 13.297 2,290,608 227,940 318,404 159,207 91.157 938,405 143,999 126,354 189,454 110,20s 304,506 110,328 36,618 43,998 48,951 20,432 68,251 26,277 14,903 27,618 25.285 24,62s 4,451 3.11S 13,126 4,021 10,808 12,789 5,039 3,993 ^,037 59,355 15,125 5,186 5,540 % , 9 6 4 13,470 14,371 3,^20 9,645 21,350 4,655 3,613 3.777 6,190 2,09s 1,007 2,501 547 754 1,003 1,391 939 695 775 891 1,176 7,500 2,995 3,000 l,4iS 2,601 S25 1,363 2,041 5.325 560 276 306 236 6,106 518 467 445 1,927 239 211_ 3,202,929 533,3^ 706,s4i 372,302 250,676 1,838,624 319,955 253,224 347,375 196,206 570,186 75 ^ 2,946 77.0 7,606 67.8 69.3 477 1,486 64.0 60.0 1,500 714 80.0 63.7 501 1,758 69.1 66.0 75 59.1 332 65.2 4oo 1,893 MATURITY DISTRIBUTION OP BILLS AND SECURITIES Total Sills discounted Bills bought in open market Industrial advances U . S . Government securities 8,083 4,700 27,022 2,430,206 Within 15 days 6,675 1,121 1.256 137,422 16 to 30 days 197 1,642 224 63,810 31 to 60 days 317 1,197 320 186,005 6l to 90 days 644 734 349 82,679 91 days to b months Over 6 months 238 12 2,895 21,978 1,799,598 160,692 FEDERA.L RESERVE HOTS STATE-CENT OH JUKE 5, 1935 (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta B-SOld Chicago St»I«ouis Minn, Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F .Regent Held by Federal Reserve bank In actual circulation 3,451,338 220,726 269.289 13,628 766,035 249,392 325,890 160,187 142,529 93,157 14,808 13,515 lO,46l 17,094 824*438 147,87? 108,791 129,694 35,252 8,751 5,754 8,880 57,181 258,603 6.804 41.185 3,182,049 267,098 672,878 234,584 312,375 149,726 125,435 789,186 139,121 103,037 120,814 50,377 217,418 Collateral held by agent as security for notes issued to bank: & old certificates on hand and due from U . S . Treasury 3,288,479 301,617 Eligible paper 6,524 1,107 U . S . Govt, securities 225,500 -Total collateral 3.520,503 302,724 82,685 272 65,000 827,346 119,632 110,000 125,000 52,675 213,263 106 64 85 80 549 256 — 30,000 — 5,000 4,500 51,000 791,584 250,125 328,027 160,530 147,957 827,452 149,696 110,085 130,080 57,724 264,519 788,706 224,500 312,715 130,340 2,878 625 312 190 — 25,000 15,000 30,000
@FedFRASER