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STATEMENT IOR THE PRESS Released for publication Friday morning, Mar* 22; not earlier, B-801 Federal Reserve Board March 21, 1935• CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve hank credit outstanding during the week ended March 20, as reported "by the Federal Heserve hanks, was ,000,000, a decrease of $2,000,000 compared with the preceding week and of $60,000,000 compared with the corresponding week in 193^• On March 20 total Reserve hank credit amounted to $2,^55,000,000, a decrease of for the week. This decrease corresponds with increases of $211,000,000 in Treasury cash and deposits with Federal Reserve hanks and $12,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $i+, 000,000 in Treasury and national bank currency offset in part by a decrease of $227|000,000 in member bank reserve balances and an increase of $3,000,000 in monetary gold stock. Relatively small changes were reported in holdings of discounted and purchased bills and of industrial advances, A decrease of $2t.000,000 in holdings of Treasury bills was offset by an increase of $2,000,000 in United States bonds« 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 20, 1935, follows: Increase or decrease sinco M a r . 20 1935 Mar, 13 1935 Mar. 21 193U (In millions of dollars) Bills discounted Bills bought 11. S . Government securities Industrial advances (not including l6 million commitments - March 20) Other Reserve "bank credit 8 5 2>U30 TOTALflESJSRVJ!BANK CREDIT Monetary gold stock Treasury and national bank currency 2,1+55 8,55*+ 2,521 -5 +3 -53 +914 +178 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks ITonmember deposits and other F.R, accounts 5,1+53 >+,361 3,220 -1 -227 +211 +12 +119 +912 -32 +Hi 20 -9 U97 +2 -1 -1+3 -28 -2 +20 -7 — Released for publication Friday morning, March 22,1935; n o t earlier, B-SOla ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Iviar. 20,1935 Mar. 13.1935 Mar, ,eia93H *5,55^,3^ 15.S7S K270,695 A S S E T S Gold certificates on hand and due from U . S, Treasury 5,567,221 Redemption fund - F , S , notes 15*377 Other cash # < . 4 * . 252,617 Total reserves * . . 5,835,755 Redemption fund - F . R* "bank notes » . . 5 Bills discounted! Secured by U.S^Gov't* obligations, direct and/or fully guaranteed . . . . . . . MS7 Othei* bilis discounted . * Total bills discounted 7,657 Bills bought in open market . . . . . . . 5,299 Industrial advances • 20,1+09 U , Si Government securities? 391*980 Bonds . . . . 1 , 1 m , 667 543.660 Certificates and bills . . . . . . . Total TT.S. Government securities 2,^30,307 Other securities . . . * Total bills and socufitieg . . , 2,1+63,672 Due from foreign banks « 4 « . . . . * 708 F . R* notes of other banks l6,6sU Uncollected items . . . . . 509*7^2 Bank premises * 4 . . . . . . 1+9,52*+ All other assets . . , » * ,, ,Hi,359 TOTAL ASSETS 5.82M35 5 3,217 ,3,208 6,^25 5,505 19,869 390,186 1,^*675 51+5,500 2,^30,361 «... 2,1+62,160 802 13,851 33*568 220.181 1+, 52*+, 1+1*1+ 10,868 11,605 39,801 51,^12 33,250 — 1+1+2,865 l,22l+,0l+3 76U.987 2,1+31,895 563 2,517,120 3*132 ll+,831 504,89*+ 41+9*1+1+8 1*9.15*+ 52,m 118.63^ 8,90l+, 515 7*690,908 3,139•753 3,136*652 2,98^,9^3 1^3*877 lij 361,27s H,588*213 87*968 3,^9.269 2H,009 7*378 1^6,980 8*917, L I A B I L I T I E S F» ft* nofctes in actual circulation , . f* R , bank note circulation - net . . Deposits: ii&nber bank - reoeiHre dccoiint * . . tf iSiTreasuter - General account 4 * tdtelgti t>*mk i . < 4 i . t i i . . Other deposits i,1 < i 4 » 4 » * . Total deposits . . . * 4 . . « Deferred availability items » 4 . . » Capital paid in Surplus (Section 7) Surplus (Section 13 b) . . . . . . . Reserve for contingencies . . . . . . All other liabilities . . . . . . . . TOTAL LIABILITIES . . 100 309,517 1^1+30 Mi3i6is 519,167 lUU,s93 1U,366 30,815 7 #31? 8,917,^9 100 219 l i s 1+,913* 766 507.9^3 1^7,020 iHi+,893 lU.278 30,822 1^5,731 138,383 9.0^1 22,530 165,^50 8,90H,515 7,690,908 Ratio of total reserves to deposit and F , R* note liabilities combined , . Contingent liability on bills purchased for foreign correspondents . . . . 72.5^ 206 22*+ Commitments to make industrial advances . 15,551 15.08U 3*627*636 72.3$ 68. M35 •Revised figures. ASSETS AUD LIABILITIES OF THE FEDERAL RESERVE BABES ON MARCH 20, 1935 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis B-801b Minn. Kans.Cy. Dallas San F r a n . Gold certificates cn hand and due from U S . Treasury 5,567.221 4l6,4S0 2,089,860 297,5^3 442,418 210,498 119,190 1,053,492 184,225 142,552 187,636 100,534 322,773 Redemption fund - F . R . notes 15.877 327 1,063 1,97^ 1.515 1.866 3,401 508 4o4 46l 9^7 200 3,211 Other cash 252,657 28,080 73.578 33.818 11.906 10.016 13,126 27.292 10,151 10.6l6 10.968 17.ITS Total reserves 5,835,755 444,887 2,164,501 333,355 ^55,839 222,380 135.717 1,081,292 194,780 153,629 199,551 106,507 3^3,317 Redemption fund - F.R. "bank notes 5 5 Bills discounted: 1 Secured "by U.S.Gov 1. obligations, direct and/or fully guaranteed 4,487 237 2,191 306 530 216 109 — 12 15 15 36 820 64 2,311 2^7 134 60 97 23 13 5 56 129 Total bills discounted Bills bought in open market Industrial advances U . S . Government securities: Bonds Treasury notes Certificates and bills Total U.S.Gov't, securities Total bills and securities Due from foreign banks F . R . notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 301 7,657 5,299 20,409 2,l48 351,980 23,452 390 1,494,667 97,608 543,660 36,619 2,430,307 157,679 2,463,672 160,518 70S 509,7^2 53 367 51.572 ^1,359 681 16,684 49,524 3,168 276 196 206 23 25 20 3,482 191 1,071 1,377 99 488 79 1,953 16,462 13,721 26.490 21.977 755,318 167,120 213,025 113,562 94,274 4,502 2,026 1,719 553 535 3,724 664 503 1,353 138.755 25,387 30,880 457,^62 103,539 132,454 159.101 38,194 49,691 70,610 58,576 763,565 171,932 2 1 5 , 5 ^ 117,516 95.742 284 26 67 25 73 4,045 1,288 1.052 463 1,387 123,103 38,350 46,455 46,65s 19,258 11,658 ^.553 6,629 3,028 2,325 ^.526 1,308 27,999 1,717 1,759 628 52,335 16,112 259,773 66,965 93.735 25.123 405,843 108,200 71 1*3 956 165 13s 1,450 851 371 688 15,486 15,643 19,636 24,111 36,607 66,31s ^1,333 103,422 24.833 65,636 106,844 15,506 38,798 76,475 166,331 67,688 108,014 78,228 168,241 4 18 49 19 , 5 700 2,276 1,483 350 951 24,293 11,218 29,563 20,013 28,540 2,62s 1,580 3 , ^ 7 1,684 3,869 225 286 682 839 407,871 108 ,812 85 2,322 70,719 ^,955 802 8,917,1+49 661,251 3,095,155 553,252 727.540 392,303 255.87s 1,568,046 332,226 235,501 3^1,831 207,639 5^6,827 & 8 S H S AHB LIABILITIES OF THE FEDSPAL BESEB7E BA£!KS OH MA3CH 20, 1935 (In thousands of dollars) L I A B I L I T I E S Total Boston Hew Yorl: Phila. 653,207 F.R.notes in actual circulation 3,139,753 261*, 723 100 100 F.2.bank note circulation - net Deposits: 4,361,27s 290,907 1,389.857 Member "bank - reserve account 13S,572 309,517 23,759 U.S.Treasurer - General accomit 1,206 46 16,430 Foreign baik 4,020 226,393 Other deposits J5M21 4,913,618 319,922 Total deposits Deferred availability items 519,167 *l,794 125,77'^ Capital paid in 146,924 io»7?e 5S.5SS Surplus (Section f) 9,902 144,893 49,9$4 -£ Surplus (Section 13 "b) 14,366 2,165 i, +92 .leserve for contingencies 30,815 i,S4s 7,501 , 225 All other liabilities 7,813 3,593 TOTAL LIABILITIES 8 , 9 1 7 , ^ 9 661,251 3,095,155 Hatio of total reserves to deposit and 76.0 F.2.note liabilities combined 72.5 rtU Contingent liability on "bills purchased 49 for foreign correspondents 206 18 6,211 Commitments to make industrial advances 2,5IS 15,551 Cleve. Rich. Atlanta 233,533 307,360 152,588 125,525 223,893 304,436 161,231 82,513 11,408 32,770 15,567 9,755 60^ 1,650 1,591 620 11 ,'417 1.7*1-0 3,997 JL22L ,3Si 3^2,79^ 179,15S 97,502 37,3*4 45,460 ^6,513 19,356 1 5 , 1 ^ 13,125 5,032 4,406 13,^70 14,371 5,186 5,540 2,09s 1,007 2,084 75^ 2,996 3,000 l,4l6 2,600 282 bgj 326 195 553,252 69,2 Chicago St.Louis "inn. Kans.Cy. Dallas San Fran, 785,707 139,601 103,377 118,627 4S,260 202,21+5 627,381 3*4,266 1,943 130,702 100,563 174,895 119,390 255,205 2,9oS 6,104 2,696 22,826 2,716 402 U52 U35 1,172 502 16,533 666,251 156,753 73.S89 25/404 12,791 M 7 2 21,350 1,351 5% 5,325 891 1,382 221 727,5^0 392,303 255,87s 1,568,045 332,226 67.0 70.1 25 24 31s 1,307 79 s 60.9 3-201c 74.5 65.7 7,233 2.089 3,132 3,420 4,049 1,211 810 2,501 14.810 111,166 183,620 125,022 294,013 12,02s 30,064 24,430 27,111 U,015 3,777 3,613 1,003 626 590 1,363 i46 458 l64 235,501 34l»S3l 207,639 71.6 66.0 61.5 10,7?4 9,545 649 2,054 2i£ 546,827 69.2 9 29 7 6 7 17 72S 453 1,487 30 265 1,338 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought in open market Industrial advances U . S . Government securities 7,657 S299 20,409 2,430,307 Within 15 days 5,613 60S 623 40,550 16 to 30 days 58 538 590 34,009 31 to 60 clays 333 4,oo4 1,173 89,S43 6l to 30 days 1,56s 149 425 272,839 91 days to 6 months 69 1,090 352,539 Over 6 months 16 16,508 1,640,527 FEDERAL RESERVE MOTE STATEMENT OH MARCH 20, 1935 (In thousands of dollars) Total federal Bo^at^e notes: Issued to r.H.l)ank "by F.B.Agent Held "by Federal Reserve baric In actual circulation Oollateral held "by agent as security for notes issued to bani Gold certificates on hand and due from !7.S# Treasury Eligible paper U* S . Govt* securities Total collateral Boston tfew York 3,^22,956 283,H67 283,203 18,7^ 3,139,753 26^,723 3,320,679 301,617 5 , G&r 173,000 OlC C-OU Phi la. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 763,^1+ 2^9,880 32U,01b l6l,S01 1 ^ , 6 9 5 8lH,620 1^5,250 108,Sol 12'4f660 105>227 16,3^7 16,556 9,213 18,170 658,207 233,533 307,360 152,588 125,525 6,130 ^6,637 785,707 133,601 103,377 112,627 Us,260 202,2^5 733,706 22S,ooo 306,215 i4g,34o 85,625 2, Sol 'j-03 6U5 2U5 IS 7 826,51+6 125,632 110,000 117,000 55,675 227,263 156 11 39 15 «3« 10,000 21,000 25,000 S26,51+6 146,6U3 no,015 127,039 55,231 253,099 22,000 3.499,363 301,903 Cleve* 3-g01d 20,000 15,000 b0,000 791,567 250,403 326,560 163,505 145,372 28,913 5,6^9 5^,390 2*48,882 £»°33 F2D3RAL E3S3R7E BAxlK XTOTE S T A T 3 O T T Oil M4HCE 20, 1935 (In thousands of dollars) Federal Reserve bank notes: Issued to F..R.bank( outstanding) Held by Federal Reserve bank la circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills U . S . 3cvt. securities Total Boston 100 100 100 100 ITew York Fhila. Gleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 100 100 Total collateral •Does not include $94,126,000 of Federal Reserve bank notes for the retirement of which Federal Reserve banks have deposited lawful money with fee Treasurer of the United States.
@FedFRASER