The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS Released for publication Friday morning > March 6; not earlier. Board of Governors of the Federal Reserve System March 5, 1936 CONDITION 0? FEDERAL RESERVE BANKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended March U, as reported by the Federal Reserve banlis, was $2,^73,000,000, a decrease of $H,000,000 compared with the preceding weeh and an increase of $19f000,000 compared with the corresponding week in 1935• On March 1+ total Reserve bank credit amounted to $2,^75,000,000, unchanged from a week ago* Increases of $73,000,000 in money in circulation and $13,000,000 in nOBmember deposits and other Federal Reserve accounts were offset by increases of $4,000,000 in monetary gold stock and ,000^000 in Treasury and national bank currency and decreases of $26,000,000 in member bank reserve balances and $51,000,000 in Treasury cash and deposits with Federal Reserve banks. Member bank reserve balances on March k were estimated to be approximately $3,0^0,000,000 in excess of legal requirements* Relatively small changes were reported in holdings of discoiinted and purchased b i l l s and industrial advances, An increase of $20,000,000 in holdings of United States Treasury b i l l s was offset by a decrease of $20,000,000 in holdings of United States Treasury notes. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended March H, 1936, were as follows: Increase or decrease since Mar. k -121L Feb. 26 Iffi Mar. 6 1935 (In millions of dollars) B i l l s discounted B i l l s bemght S* mm&mmt mmxitilm (m% k) bissfc credit £ «$ 26 w t i i t m 51 3 s o « a msmm mm m Monetary gald at&cfe Treasury and mtornmx temjc mmww$r 2M5 10fl6? g^pl Money t» titm Member baal: reserve buXmcm Treasury cash and deposits with J%H.banks Konmember. deposits and other I . H# accounts 5,313 2,898 590 ^ +1 +1 42 41Z +lf&Zl i>u m%t +13 41.358 iiOG 4107 (B-SQl) Released for publication Friday morning, March 6,1936; not earlier. B-SOla ASSETS Aim LIABILITIES OF THE TWELVE FEDERAL RESERVE BALKS COLIBIUED (in thousands of dollars) Mar. Ua1936 Feb. 26,1936 Mar. 6, 1935 ASSETS Gold certificates on hand and due from U. S. Treasury . . . . Redemption fund - F. R. notes . . . . . . Other cash 7,669,322 lU,902 338,513 7*670,230 lU/402 3^>259 5,556,087 1R>950 2^7,266 Total reserves Redemption fund - F. R. bank notes • . • • Bills discounted: Secured by U.S.Gov't, obligations,direct and/or f u l l y guaranteed Other b i l l s discounted Total b i l l s disco-anted 2,022,7^3 — 8,032,891 — 5>S19,303 250 2,996 £,7l6 5,712 ^,099 2,833 6,932 2,830 3,278 6,10S Bills bought in open market Industrial advances . . . . . U. S. Government securities: Bonds Treasury notes Treasury b i l l s Total U.S. Government securities • U, 673 31,^ ,S73 31»773 5,£06 19/470 216,069 1,602,759 612,011 2,^30,839 215,690 1,622,5*44 592,011 2,^30,2^5 39^3SS 1/492,673 5^3,^25 2,430,^86 181 181 Other securities Total b i l l s and securities . . . . — 2l 1+6l,570 2,^72*859 2,^73,80^ Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 6^9 IS,999 523t5^7 ^1,076 0U9 17»693 5^7*021 ^7,813 39,717 802 16,113 ^57*509 ^9,^53 U7,08S TOTAL ASSETS 11,127,736 11,159,538 8,852,088 3,735,066 — 3,677,076 — 3,159t9S9 1,227 5,813,244 373,299 49,275 272.189 5.S33.70S 433,112 52,747 269.757 4,554,21$ 22,425 lS,323 220.599 6,514,007 521,60O 130,656 6,594,330 546,416 130,708 145,501 34,110 5.026 4,220,023 467,797 146,990 144.S93 13,447 30»S22 6.900 11,159,522 2,252,022 L I A B I L I T I E S f . R. notes in actual circulation F. R. bani; note circulation - net Deposits: Member bank - reserve account U.S.Treasurer - General account Foreign "bax^c Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other l i a b i l i t i e s . . . . . . . . . . . . . . . . . 26,51f 34,123 20.204 TOTAL LIABILITIES 11,127,736 Ratio of total reserves to deposit and P. R. note l i a b i l i t i e s combined . . . . Contingent l i a b i l i t y on b i l l s jpurcnased for foreign correspondents Commitments to malce industrial advances 7S.3$ 78.2$ — . 25,537 25,S66 72. 2S6 ASSETS AM) LIABILITIES OF THE FEDERAL HSS1EVE BAMS Oil MBCH k9 1936 (In thousands of dollars) B-SOlb ASSETS Total Boston Hew lorlc Phila # Cleve* Gold c e r t i f i c a t e s on hand and due from u. S« Treasury 7,669,328 52^,955 3,3^2,892 3S5.651* 516,531 Hedenption fund - F. H. notes ,lM02 2,797 1,52^ 767 l.lW Other cash 338,513 *n»gl5 85,561 ^1,338 31,030 Total reserves B i l l s bought in open market Industrial advances U S Government securities* Bonds ' Treasury notes Treasury b i l l s Total U,S« Govt, securities Other securities Total b i l l s and securities Due from foreign "banks F.E. notes of other banks Uncollected items Bank premises A l l other assets TOTAL ASSETS 5% 15,992 Chicago St.Louis llinn# Kans*Cy, Dallas San Fran. 188,299 1,363,7S2 203^99 162,11+5 197,2^0 1^1,671 39S,^06 2,506 ^9 6S1 kSl 726 587 2,679 12,869 ^ 0 7 6 17,055 8,^7 20,1^ 5,229 i M 9 7 8,022,7^3 569,567 3,^29,977 ^27,759 5^8,707 260,795 203,67^ 1,^+08,317 221,235 171,123 218,120 i b j M l ^15,982 B i l l s discounted: Secured by tJ.S«Ck>vt# obligations, direct and/or f u l l y guaranteed Other "bills discounted Total b i l l s discounted Hich. Atlanta 2,996 2,716 13s 33 1,875 2,114 489 72 27 32 35 15 62 12 5,712 4,673 31.454 171 349 2,773 3.989 1,738 7,623 561 472 6,486 59 440 1,598 50 190 4,044 74 163 876 216,069 14,427 1,602,759 107,573 612,011 35.678 55.252 16,848 19,070 495,957 120,787 l49,4o4 183,174 3 9 M 5 ^9,551 10,209 79,981 26,526 2,430,839 157.678 734,383 177.120 218,025 I l 6 , 7 l 6 181 -- 2,472,859 160,971 649 18,999 523,547 47,863 41,076 50 419 51.323 3,113 186 262 87 133 1,731 338 580 2,052 62 61 1.496 133 1,132 8,240 6^,558 21,411 24,440 131 Ms 126,246 10,732 84,582 27,886 13,342 47,-561 15,466 9,514 73,OS9 24,24l 16,560 17,435 51,395 136,594 17,045 45,302 94,209 342,164 123,200 76,169 106>844 85,000 199,331 4i -95.322 257 6,074 122,176 10,823 31,231 23 1,694 18,067 2,284 1,325 28 772 55,623 2,919 1,030 310 28 18 87 513 -- 60 1,250 ^7.557 6,525 1,471 2 85 fe 7^7,733 184,639 220,122 121,000 63 64l 38,067 4,925 3,580 45 217 13 5 "4l 181 344,837 123,818 78 2,326 68,246 4,828 284 77,788 108,552 1+ 3 2,091 394 24,290 13,853 2,451 1,£51 178 478 19 1,394 31,358 3,360 281 327 1,130 — 86,951 201,126 19 447 26,679 1,524 795 U5 1,497 26,308 3,580 237 11,127,736 785,629 4,348,271 659,674 825,692 442,167 322,389 1,828,916 374,067 265,170 363,084 263,902 648,775 ASSETS MD LIABILITIES OP THE FEDERAL BESEHVE BAMS ON MARCH (I11 thousands of dollars) 1936 B-SOlc L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich* Atlanta 787,9^3 275,310 358.22S 177,902 l6o,S29 F,R.notes in actual circulation 3,735,066 337,305 Deposits: 5,813,244 358,446 2,746,834 304,752 370,364 Member bank - reserve account 0 127,773 121,953 379,299 U^S.Treasurer - General account 2,563 2,099 333,284 ,545 2,264 2,520 2 ,507 49,275 Foreign bank 4,556 3,^25 18,166 2,155 1,715 272,129 Other deposits 6,922 2,3*6 ^,754 211,171 3,001 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13b) Reserve for contingencies A l l other l i a b i l i t i e s 6,514,007 371,556 3,309,455 314,408 386,761 194,795 130,942 119,086 36,702 48,135 54,789 17,383 5a,660 51,123 9,399 130,656 50,9^4 12,327 12,441 4,600 4,234 9,902 145,501 5,186 5,6l6 50,825 13,4o6 14,371 2,876 26,519 7,744 1,007 3,448 4,231 754 l,4l3 1,273 8,849 34,123 3,000 3,111 2,508 2,055 174 20,204 1,588 123 290 1?I?S5 Chicago St.Louis Minn. Kans*Cy. Dallas San Fran. 860,590 l62 f *&l 111,51+0 1^3,052 7 5 , ^ 2Sl4t392 832,484 164,712 122,892 175,io4 135,170 292,760 12,753 2,352 1,836 7,280 1,726 1,069 1,176 5 >683 1,470 3,380 1,01s 12,711 12,089 8,239 2.587 853,507 176,257 131,169 179,269 150,371 315,517 71,195 25,276 13,617 30,717 27,789 25,798 3,92s 1,767 12,038 3,034 3,793 10,151 9,645 3,613 21,350 3,783 ^,655 3,149 1,142 1,121 1,256 1,391 546 1,003 843 1,849 7,573 1,329 S92 1,483 •520 302 l,27g S7 233 175 I: TOTAL LIABILITIES 11,127,736 785,629 4,348,271 659,674 825,692 442,167 322,339 1,328,916 374,067 265,170 363,084 263,902 648,775 Ratio of total reserves to deposit and F.R.note l i a b i l i t i e s combined 78.3 80,3 83.7 72.5 73.7 70.0 69.8 82.2 65.3 7O.5 67.7 65.3 69.3 Commitments to make industrial advances 25,537 3,285 9,682 325 1,634 2,326 387 106 1,940 106 731 587 4,428 MTURITY DISTRIBUTION OP BILLS MD SECURITIES Total B i l l s discoimted B i l l s "bought • Industrial advances U.S.Government securities Other securities 5,712 4,673 31,454 2,430,839 181 Within 15 days 4,225 706 1,537 45,730 16 to 30 days 31 to 60 days 761 1,760 609 22,674 635 128,062 6l to 90 days 113 1,572 407 49,806 91 days to 6 months 92 1,692 345,935 Over 6 months 9 26,869 1,338,632 181 FEDERAL RESERVE 1T0TE STATEMENT OH MARCH 4, 1936 (In thousands of dollars) B-SOld Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Dy. Dallas San Fran. Federal Reserve notes: Issued to F.R.barik by F.R.agent Held by Federal Reserve bank 3,997,381 3 5 5 . 2 ^ 262,315 17.940 886,746 290,353 370,268 186,102 180,046 98,763 15,043 12,040 8,200 19.217 892,312 169,026 114,711 152,073 31,722 6,585 3,171 9,021 80,887 319.612 5.393 35.220 In actual circulation 3,735.065 337,,305 787,983 275,310 352,228 177,902 160,829 860,590 162,441 111,540 143,052 75,494 284,392 3,915,343 365,,117 145 3,999 131,000 905,706 290,000 372,440 180,000 138,685 62 2,515 529 27 35 — — 7,000 42,000 900,000 144,632 116,000 140,000 244 8 53 — 25,000 14,000 81,500 280,263 70 311 43,000 4,050,31+2 366,262 908,221 290,529 372,467 187,035 180,747 900,000 169,640 116,053 154,244 81,570 323.57^ Collateral held by agent as se~ curity for notes issued to bank: Gold c e r t i f i c a t e s on hand and due from U. S. Treasury Eligible paper U. S. Gov't securities Total collateral
@FedFRASER