The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STAT2ME1TT FOH THE PEESS Released for publication Friday morning, March 27; not earlier. Board of Governors of the Federal Reserve System March 26, 193& COHDITIOH OF FEBEHAI* RESERVE BA1JKS The daily average volume of Federal Reserve bank credit outstanding during the week ended March 25> as reported by the Federal Reserve banks, was $2,50^,000,000, an increase of $26,0V0,000 compared with the preceding week and of $^6,000,000 compared with the corresponding week iif 1535On March 25 total Reserve bank credit amounted to $2>liS5>000iu00> unchanged from a week ago. Increases of $80,000,000 in Treasury cash and deposits with Federal Reserve banks and $12,000,000 in ^ m e m b e r deposits and other Federal Reserve accounts were offset by an increase of $U,000,000 in monetary gold stock and decreases of member bank reserve balances and $^,000,000 in money in circulation. Member bank reserve balances on March 25 were estimated to be approximately $2,310,000,000 in excess of legal requirements* Relatively small changes were reported in holdings of discounted and purchased bills, industrial advances and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended March 25, 193^, were as follows: Increase or decrease since Bills discounted Bills boug&t Mar* 25 Mar• IS Mart 27 ,1936 (In millions of dollars) Bills discounted Bills bought U„ S # (k>v®tm.m% securities Industrial advances (not including 25 million commitments ~ March 25) Other fi**ervt credit TOTAL S B S m i I N K M&Zlf Monetary stotsfc Treasury m & national batik rnrmojr Mcney in ciroalatlfca Member m m r m iM&aaeae Treasury caab tjpttii* f 1 m & ^Hm ?*JU a^comts 6 -2 5 2,5+30 +10 +1 +26 11 2,^5 +1 10,177 2,502 -1 -33 J* +U01 -S5 +77U +SO •12 +107 (B-801) Released for publication Friday morning, March 27,1936; not earlier. B-SOla ASSETS Aim LIABILITIES OP THE TWELVE FEDERAL RESERVE BAIIKS COLBIIIED (In thousands of dollars) Mar. 25,1936 Liar. 18,1936 liar. 27.193 A S S E T S Gold certificates on hand and due from Redemption fund - P. R. notes Other cash # . . . . . . Total reserves . . . .. Bills discounted: Secured "by U.S.Gov1t obligationstdirect and/or fully guaranteed Other bills discounted . . . Total bills discounted . . . . . . Bills bought in open market . . . . . . . Industrial advances . . . U. S* Government securities: Bonds . . . . . . . Treasury notes Treasury bills Total U.S» Government securities . Gihar securities Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets . . . . . * . .... * TO TAX ASSETS 7,655,840 1M73 353,632 7,667,338 15,019 346.078 5,567,025 14,708 253,500 8,034,345 8,028,435 5,835,233 3.33S 2,857 2,773 4,415 2,263 2,727 6,065 4,6 7 4 30,501 265,711 1,554,893 609,667 2,1+30,271 5,630 4,679 30,321 7,678 5,306 20,785 265,756 1,554,896 609,667 1,494,703 543,660 2,430,319 181 181 2.471,692 2,471,130 650 19,311 527,356 644 17,670 391,942 2,430,305 — 2,464,074 702 15,973 446,072 47,265 35,973 636,336 47,864 35,549 11,137,192 11,237,62s 8.853,751 3,732,333 3,730,979 3,130,572 5, c m , 1^7 5,143,768 1,067,364 49,524 42,173 L I A B I L I T I E S F. R. notes in actual circulation * . . Deposits: Member bank - reserve account . • . . . U*S,Treasurer - General accoxmt .... Foreign bank Other deposits Total deposits Deferred availability items . . . . . . . Capital paid in . . . . . . . . . . . . # Surplus (Section 7) . . . . . Surplus (Section 13 b) Reserve for »»«».«» . . All other liabilities 1,146,565 66,016 393,138 64,576 275.SOI 261.980 2^0,746 6,546,Ogg 514,646 6,539,128 622,983 130,741 145-501 130,724 145,501 <26,513 34,105 11,137,192 TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined .... Contingent liability on bills purchased for foreign correspondents . . . . . . . Commitments to make industrial advances # 4,285,129 4,9x9,066 7.6T§ 453,986 1146,921 14M93 14,-366 30,802 8.145 11,237,628 8,853,751 26,513 34,100 78.2$ — 25,421 20,053 25,537 72.5$ 98 15,732 ASSETS A1ID LIABILITIES OP THE IHDEHAL EESEEV1 BA31XS ON M&RCH 25, 193$ (In thousands of dollars) B-SOlb A S S E T S Total Gold certificates on hand and due from u. S. Treasury 7,665,si+o Redemption fund - P. R. notes 14,373 other cash 353,632 Total reserves S,03i+,3i+5 Bills discounted: Secured by U.S.Govt, obligations, direct and/or fully guaranteed 3,333 Other hills discoxuited 2,727 Total hills discounted 6,065 l+,67l+ Bills bought in open market Industrial advances 30,501 U. S. Government securities: 3onds 265,711 Treasury notes 1,,55*,893 Treasury hills 609,667 Total U.S.Govt, securities 2,,1+30,271 Other securities Total hills and securities Due from foreign banks F.B.notes of other hanks Uncollected items Bank premises All other assets TOTAL ASSETS 1S1 2,,1+71,692 Boston Phila. CI eve. Bich. Atlanta Chicago St. Louis Minn. Xsae.Cy. Dallas San Fran. 559,^31 280,6^5 203,522 1,390,183 207,892 l6*+,i93 157,576 162,540 1+53,733 S96 540 2,251 705 1,123 377 555 2,1+61 39,930 96,690 1+2,126 33,383 16,255 11,1+98 1+7,1+36 17,<M 8,009 jfr.&Ti 5,152 iU,98U 626,031+ 3,123,091 1+65,1+1+s 593,710 297,1+30 222,271 1,^38,37* 226,063 172,579 219,515 163,21+7 1+76,233 533,567 2,587 3,029,71+6 1+22,767 1,655 555 1*3 32 2,1+69 2,124 362 52 175 31+9 2,9H 4,593 1,739 1+11+ *72 5,1+51 17,957 103,393 35,323 157,673 — 161,113 650 50 19,311 527,356 52,!+50 1+7,365 3,113 35.973 New York 202 7,670 25 15 l+o 95 32 127 1+1+0 1,556 12 — — 190 3,s** 71+3,335 133,1+57 220,ll+S 253 59 l+,l+62 1,319 637 125,313 i+i+,S3S 59,123 14,926 6,525 10,323 26,221 1,1+1+6 3,570 — — 120,790 101,21+6 29 23 1,159 1+7,079 2,919 1,015 *i ki 579 12 161+ 36l 69,023 20,755 23,973 12,331+ 11,019 436,069 116,711+ ii+i+,293 77,21+1+ 66,320 179,291 39,651 49,759 26,63s 22,370 73*,333 177,120 213,025 116,716 100,209 — —— 2,119 13,391 2,2S* 1,3H 1§ s> 125 37 S7 552 53 175 133 1,173 23,965 1 3 , ^ 2 17*,33S SI,70* 122,$6l 23,oo* 326,161+ 123,200 — — |0 29 G 61 1,1+70 1^,515 13.013 555 77,206 15,531 4 , 6 2 5 75,601 U6,S*1+ — 131 32s,97§ 123,876 77.230 118,511 k 19 n 3 960 1,395 1,717 2,m 71,133 22,716 13,093 SS,06i 3*© , IS? 3.360 1,531 „ *1$, jo3 20 130 179 2i+ 199 133 1,707 151+ 327 1,109 13,21+7 21,91s 1+9,636 131,921 17,117 1+5,1+92 35,000 199,331 — — 37,039 200,921 1+5 19 1+53 1,522 19,361 2l+,223 i,52i+ 755 3,530 212 11,137,192 31+3,31+3 l+,Ql+l+,053 702,939 332,335 1+70,1+21 3*7,6*5 1,31+6,626 377,011 265,311 372.36* 277,39s 706,7*1 ASSETS AtTD LIABILITIES OP THE FEDERAL RESERVE B A M S OU MARCH 25, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston Hevr York Phila. Cleve. Rich. Atlanta Chicago St .Louis P.R.notes in actual circulation 3.732,333 339,579 726,896 270,1+33 363,010 173,5^6 159. ^ Deposits: I,ieaber bank - reserve account 5»059»li+7 293,913 2,300,629 229,657 325,919 195,239 115,91s U.S.Treasurer - General account 1,1^6,565 126,950 477,371 53,753 100,093 35,502 33.931 Foreign "bank 22,732 6,12s 6,063 2.S99 2,306 64,576 M76 Other deposits 2,790 209,705 275,801 6,030 2,97^ 3,^03 5,729 Total deposits 6,5^6,029 ^31,769 3,010,497 352,322 435,472 236,614 157,884 Deferred availability items 514,646 48,213 124,677 38,856 52,985 4^,644 17,070 Capital paid in 130,724 9,390 50,919 12,324 12,550 4,594 4,236 Surplus (Section 7) 145,501 9,902 50,825 13,406 14,371 5,186 5,616 Surplus (Section 13 b) 26,513 2,874 7,7^4 4,231 1,007 3,U4« 754 Reserve for contingencies 34,105 1,413 8,249 3,000 3,111 1,261 2,508 All other liabilities 7,281 203 3,651 361 323 128 137 TOTAL LIABILITIES 11,137,192 843,343 4,044,058 Ratio of total reserves to deposit and P. R. note liabilities combined ~JS.2 81.2 Commitments to aalce industrial advances 25,421 3,279 82.4 9,312 702,939 73.3 882,835 74.4 354 470,421 3^7,645 72.5 1,606 859,942 111,699 1^3,^SO 7^,504 280,519 121,927 299,699 26,226 26,020 38,267 53.-201 1.911 1,911 4,5^7 4,094 l,o4i 2,219 19,421 870,175 180,747 132,166 150,519 170,9S4 376,928 72,837 24,875 12,972 2S,622 21,617 26,278 12,032 3,767 3,016 3 , 9 ^ 3.799 10,149 9,645 21,350 4,6*5 3,1^9 3,613 3,783 1,391 5% 1,003 1,142 1,252 1*121 I,S49 7,573 S92 1,477 844 1,328 252 1,326 244 329 196 131 99,604 %6iMl 713,3^3 141,692 146,028 22,503 7,644 1,977 3.160 8,575 1,846,626 377,011 70.0 2,325 161,285 Minn. K&ns.Cy. Dallas San Fran, 385 265,811 6S.1 83.1 86 1,86s 372,364 277.392 65.8 70.S 105 663 6S.5 706,7^1 72.4 584 4,354 MATURITY DISTRIBUTION OP BILLS AND SECURITIES Total 3ills discounted Bills bought Industrial advances U.S. Government securities Other securities 6,065 ^,674 30,501 2,^30,271 181 Within 15 days ^,099 364 1,676 7,164 16 to 3 0 days 252 750 l6l 19,200 3 1 to 60 days ,253 i,4io 479 4s,si6 6l to 90 days 915 2,150 4s6 87,663 91 days to € months 530 1.7^3 32€,050 Over 6 months 16 25.956 1,885,378 181 FEDERAL RESERVE NOTE STATEMENT ON LIARCH 25, 1936 (In thousands of dollars) 3-2Old Total Federal Reserve notes: Issued to F.R.bank by F.R.Agent Held by Federal Reserve bank In actual circulation Boston New York Phila. Clove. Rich, Atlanta Chicago St.Louis k,009,^0 356,619 891,935 291,728 377,537 1 8 2 , ^ 2 178,977 277,117 17,0^0 105,039 13,295 1 * W 7 8,856 19,537 89^,620 169,35° 3 M 7 « . 8,065 3,732,333 339,579 786,896 859,9^2 278,1*33 363,010 173,5^6 159,41*0 161,285 Minn. Kans.Cy.Dallas San Fran, 115.290 151,726 80,882 318,38^ 3,591 8,2^6 6,378 37,865 111,699 1^3,Uso 7^,50^ 280,519 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due f r o m U . S. Treasury Eligible paper U. S. Gov't securities Total collateral 3,996,8^3 366,617 905,706 292,000 37S.1&0 186,000 155,685 M90 1^9 2,962 381 95 25 — 59,00-0 — — — — — 27,000 900,000 150,632 — 27 — 20,000 H,060,033 366,766 900,000 908,66s 292,381 378,535 186,025 182,685 170,659 116,000 1^1,000 $2 156 — 12,000 u6#0S2 153,156 81,500 323,263 183 130 81,683 323,393
@FedFRASER