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STATEMENT FOR TH38 PRESS B-801 federal Reserve Board March lU f 1935. Released for publication Friday morning, Mar, 15; not earlier* COHDITIOIT OF FEDERAL RESERVE BAUICS The daily average volume of Federal Reserve bank credit outstanding during the week ended March 13# as reported by the Federal Reserve banks, was $2,^63,000,000, an increase of 000,000 compared with the preceding week, and a decrease of ,000,000 compared with the corresponding week in 193^* On March 13, total Reserve bank credit amounted to $2,^60,000,000, an increase of $8,000,000 for the week. This increase corresponds with increases of $33,000,000 in member bank reserve balances, of $11,000,000 in Treasury cash and deposits with Federal Reserve banks, and $2,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $2^,000,000 in money in circulation and increases of $5,000,000 in monetary gold stock, and $8,000,000 in Treasury and national bank currency. Relatively small changes were reported in holdings of discounted and purchased bills and of industrial advances. A decrease of 000,000 in holdings of United States bonds was offset by increases of $2,000,000 each in United States Treasury notes and Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items w e r e during the week and the year ended March 13, 1935» follows: Increase or decrease since Mar. Mar. 6 Mar. lU (In millions of dollars) Bills discounted Bills bought U . S. Government securities Industrial advances (not including 15 million commitments - March 13) Other Reserve "bank credit 6 6 20 -2 s,U$o 8.551 2,525 Money in circulation Member bank reserve balances Treasury cash and deposits with F*R, banks Nonmember deposits and other F.R, accounts 5.^ 1+.5S8 3,009 *+S5 M -31 -2 2,^30 TOTAL EES3BVS B A M CKSD1T Monetary gold stock Treasury and national bank currency —_ +1 +7 +20 tIO +g +5 +6 -72 +9H6 +193 +33 +11 +2 +109 +1.13U -217 +41 Released for publication! Friday morning, March 15.1935? 110t earlier, B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDEItAL RESERVE BAHZS CQMBIEED (In thousands of dollars) Mar. 13,1935 Mar. 6,1935 Mar.. 14.193*+ 5.55^,317 15,878 253,9^9 5,S2U,135 5 5,556,087 15.950 3,21? 3,20s 5/425 5,505 2,830 12,607 . ,3,278 6,108 42,280 A S S E T S Sold certificates on hand and due from U . S . Treasury . . . • Redemption fund - 3T. R . notes Other cash Total reserves • Redemption fund - F , H # bank notes » . . Bills discounted: l 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 . . . . . . . . Total TJ, 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 19,869 390,185 1,^,675 ,, 5^5,500 J 2, +30.36l 21+7,266 4,252,321 34,044 217,411 5,219,303 4,503,776 250 11,495 5,506 19,1*70 - - 39MSS 442,875 1,492,673 1,092,063 896,902 543,425 2,430,486 — — 54,887 37,^59 2,431,840 653 2,462,loO 802 13.851 50M9H 49,514 49,154 2,U6I,570 802 16,113 1*57,509 49,453 47,088 2,524,839 3,132 15.907 4,82,658 52,431 ... 120,615 S,90U,5i5 8,852,088 7.71^,353 3,136,652 100 3,159,929 1,227 2,939,052 159,371 4,588,213 87,963 17,587 _2ii«i2£ 4,913,766 4,554,516 88,485 16,323 220,399 4,880,023 3,454,492 16,128 8,994 507,5^3 478,730 7.71M53 L I A B I L I T I E S 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 Total deposits . . Deferred availability items . Capital paid in . . . . . . . Surplus (Section 7) . . . . . . Surplus (Section 13 b) Reserve for contingencies . . All other liabilities . . . . . . . . . . . . . . . . . . . . . . . , 9j04_I 467,797 146,990 144,893 13,^7 30,322 6,900 TOTAL LIABILITIES . . . . . . Ratio of total reserves to deposit and F . R . note liabilities combined . . . . Contingent liability on bills purchased for foreign correspondents . . . . . . 8,904,515 8,852,088 224 286 Commitments to make industrial advances . 15,084 14,854 . . . . . . 147,020 144,893 1*4,273 30,222 72.3$ 72.4io 134,46s 3,614,082 145,S20 13s,383 ,— 22,529 166,886 68.2^ 4,939 ASSETS A M ) LIABILITIES OP THE FEDERAL RESERVE B A M S OF MARCH 13, 1935 (In thousands of dollars) A S S E T S Total Boston ITew York Phila, Gold certificates on hand and due from U . S . Treasury 5,554,317 417,297 2 , 0 5 1 , 5 1 1 291,219 Redemption fund - P . R . notes 15,873 1,063 1,974 327 253,940 23,110 Other cash 74,505 3^,559 Total reserves 5,82^,135 445,734 2 , 1 2 7 , 0 7 9 3?b,752 Redemption fund - F . R . bank notes 5 5 Bills discoxmted: Secured by U.S.Gov't, obligations, direct and/or fully guaranteed 238 162 l,6ll 3,217 Other bills discounted 3,208 286 51 2,397 Total bills discounted 6,425 4,008 524 213 Bills bought in open market 4o4 2,104 5,505 555 19.S69 3,685 2,159 1,59S TIndustrial advances J. S . Government securities: 390,186 23,323 Bonds 138,588 25,250 459,017 103,539 Treasury notes 1,494,675 97,607 Certificates and bills 545,500 36,749 160,213 3S,33l Total U.S.Gov't, securities 2,430,361 157,679 757,318 167,120 Cleve. TOTAL ASSETS 2 , 4 6 2 , 1 6 0 160,455 802 60 13.851 504,894 49,514 49,154 355 52,411 3,i6s 682 Chicago St .Louis 1,516 9,3-9 1,866 10-061 3,401 13,625 508 27.671 4c4 10,472 — . 701 135 206 53 836 259 204 3,463 — — 200 5.946 — 42 23 4g 105 1,377 5^5 26,534 13,605 58,576 22,054 52,411 261,329 94,603 16,023 66,965 25,212 213,025 113,563 9^,235 408,343 108,200 765,528 1 7 1 , 8 8 4 2 1 5 , 7 5 0 117,489 95,730 29 1.^35 410,394 108,398 5,766 947 11.033 — 651 82 442 33,922 *+,553 461 10,828 3,211 18.241 436,042 1 9 5 . 0 7 8 132,026 1,109,850 212,102 155,087 197.421 121,633 359,326 129 93 222 198 1,075 315 3,305 125,760 11,648 34,475 Minn. Kans.Cy. Dallas San Pran 424,637 1S3,151 121,000 1 , 0 8 1 , 6 7 1 201,226 l>+3,798 185,441 115,492 337,874 — Tot®2 bills and securities Due from foreign banks P . R . notes of other banks Uncollected items Bank premises All other assets Rich. Atlanta B-SOlb 523 1,366 30,705 132,454 4-9, S6b 16,368 70,611 76 1,193 48,798 30 897 45,396 6,629 3,028 1,507 1,333 23 6 15 5 20 84 1,853 63 52 79 50 28 115 149 639 79 143 l,4ll 78 3S5 698 18,862 23,974 15,522 15,555 36,614 66,318 13,592 24,971 65,728 10b,844 67,685 107,747 22 6 97 2,086 s 1,010 18,605 2,325 68,111 21,763 12,132 .4,955 2,62s 1,751 931 232 i,5S0 737 437 — 699 29,471 3 Ml 291 38,223 103,422 14,390 33,935 71,475 166,331 73,108 167,492 21 303 56 1,6S4 17,638 l,6s4 925 25,837 3,869 519 8 , 9 0 4 , 5 1 5 662,870 3 , 0 6 8 , 1 1 0 54S,4OJ 710,000 363,256 257,901 1 , 5 9 6 , 4 2 4 346,64i 237,664 339,098 215,367 558,783 L I A B I L I T I E S ASSETS A M ) LIABILITIES OF THE FEDERAL RESERVE BANKS ON MARCH 13, 1935 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta 3,136,652 263,953 656,043 233,764 309,803 153,308 1 2 5 , 3 8 1 100 100 Chicago St.Louis F.R.notes in actual circulation 783,360 139,791 F.R.bank note circulation - net Deposits: 4,588,213 313,267 1,976=733 228,395 311,705 141,421 89,398 682,309 155,068 Member bank - reserve account 87.96s 3,774 13,272 U.S.Treasurer - General account 6,650 4,077 3,440 7,677 4,s4g 30,531 17,587 529 Foreign bank 635 2,046 653 Is 270 1,675 1,746 6.44i 219.998 14,267 Other deposits 4,194 2,632 .2,777 1,739 3*7^6 7rQ37 1^2 308 Total deposits 700,4o4 173,638 4 , 9 1 3 , 7 6 6 321,246 2 , 1 6 6 , 6 1 3 242,026 320,576 151,490 100,877 Deferred availability items 44,600 18,198 507,943 52,727 70,239 22,7*4 123.235 37,377 47,699 Capital paid in 5,055 4,^60 4,072 12.7S2 147,020 10,762 59,737 15,142 13,116 Surplus (Section 7) 5,186 5,540 1 3 , 4 7 0 14,371 144,393 9.902 4q,Q64 21,35° 4,655 Surplus (Section 13 b ) 2,084 754 s 093 2 1.007 547 14,278 1 s 492 2,165 1,33c Reserve for contingencies i,4i6 2,600 2.996 3,000 30,822 891 7,501 1,648 5,325 117 All other liabilities 428 191 1,528 3,525 9,041 367 1,57*1 293 8 , 9 0 4 , 5 1 5 662,870 3 , 0 6 8 , 1 1 0 54S,4OI 710,000 363,256 257,901 1 , 5 9 6 , 4 2 4 346,641 TOTAL LIABILITIES Ratio of total reserves to deposit and F.R.note liabilities combined 72.3 75.4 68.7 69.2 64.0 61.0 76.2 74.8 67.6 Contingent liability on bills purchased 224 18 for foreign correspondents 66 25 24 9 9 29 7 Commitments to make industrial advances 15,084 6,122 279 1,266 792 728 453 l,4is 2,399 B-SOlc Minn. Kans.Cy. Dallas San Fran, 103,895 117,957 48,048 201,349 102,747 176,875 128,086 282,209 3,719 3,781 2,086 4,113 459 423 476 1,234 3,064 19,11s 1,312 7,194 112,450 182,776 135,328 306,342 12,389 28,922 22,059 27,684 3,130 4,022 10,794 4,o4a 3,420 9,645 3,613 3,777 1,003 649 523 626 1,211 2,061 1,363 810 166 259 14U 449 237,664 339,098 215,367 558,783 71.7 65.6 66.3 6 7 30 265 70.S 7 — 17 1,332 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought in open market Industrial advances U . S . Government securities To tal 6,425 5,505 19,869 2,430,361 Within 15 days 5,073 702 625 137,100 lb to 30 days 149 193 99 28,250 31 to 60 days 338 1,189 1,609 176,621 6l to 90 days 619 3,^21 530 93,784 91 days to 6 months 231 932 495,080 Over 6 months 15 16,074 1,^99,526 FEDERAL RESERVE NOTE STATEMENT ON MARCH 13, 1935 (In thousands of dollars) /Total Federal Reserve notes: Issued to F.R.bank by F.R.Agent Held by Federal Reserve bank In actiial circulation Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U . S . Treasury Eligible paper U . S . Gov*, securities Total collateral Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis B-SOld Minn. Kans.Cy. Dallas San Fran, 3.^23,9SH 235,565 287,332 21,612 3,136,652 263,953 75s,915 250,009 32^,557 162,89^ 1 ^ 3 , 3 ^ 102,872 16,2*15 lH,75** 9,586 17,965 656,0^3 233,76^ 309,803 153,308 125 t 38I 815,765 A 6 . 2 2 5 109,09^ 125,392 32,^05 6 , ^ 5,199 7,^35 723,360 139*791 103,895 117*957 53,997 2^8,225 5,9^9 ^6,876 ^8,0^8 201,3^9 3,312,969 301,617 k,k3S 198 179,000 — 788,706 228,000 3 0 1 , 2 1 5 133,3^0 2,288 U3I 817 228 22,000 25,000 30,000 85 f 685 203 60 f 000 826,546 137,922 u i t o o o 117,000 — k2 15 82 9,000 -10,000 55,675 226,263 70 6U —. 23,000 3,^96,^07 3 0 1 , 8 1 5 790,99U 250,1+31 327,032 1 6 3 , 5 6 s 1^5,888 826,51*6 lH6,96H 1 1 1 , 0 1 5 127,082 55,7^5 2^9,327 FEDERAL RESERVE BANK NOTE STATEMENT ON MARCH 13, 1935 (In thousands of dollars) Federal Reserve bank: notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank In circulations. - net* Collateral pledged against outstanding notes: Discounted and purchased bills U . S . Govt, securities Total collateral Total Boston 100 100 100 100 100 100 100 100 New York Phila* Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. •Does not include $9^,5^4,000 of Federal Reserve bank notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States.
@FedFRASER