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STATEMENT FOR THE PRESS Released for publication Friday morning, Mar. S; not earlier. B-801 Federal Reserve Board March 7» 1935• CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended March 6, as reported by the Federal Reserve banks, was an increase of $6,000,000 compared with the preceding week and a decrease of $100,000,000 compared with the corresponding week in 193^» On March 6 total Reserve bank credit amounted to $2,^52,000,000, a n increase of $2,000,000 for the week. This increase corresponds with increases of $36,000,000 in money in circulation and $26,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $3,000,000 in Treasury and national bank currency, offset in part by an increase of $22,000,000 in monetary gold stock and decreases of $33,000,000 in member baric reserve balances and of $8,000,000 in Treasury cash and deposits with Federal Reserve banks. Relatively small changes were reported in holdings of discounted and purchased bills and of industrial advances. Decreases of $18,000,000 in holdings of United States Treasury notes and $2,000,000 in United States bonds were offset by an increase of $20,000,000 in holdings of Treasury bills* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended March 6, 1935t were as follows: Increase or decrease since Mar. 6 1 Feb, 27 m Mar, 193^ (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 15 million commitments - March 6) Other Reserve bank credit 6 6 2,^30 — — 19 -9 — — +3 +19 -11 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and national bank currency 2,1+52 8,^6 2,517 +2 +22 -3 +990 +205 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmember deposits and other F.R. accounts ^,555 +36 -33 -g +10U +1,2^2 -296 2,99S US3 - - -53 -Ho -2 +26 -87 +56 Released for publication Friday morning, March 8,1935? not earlier, B-SOla ASSSTS m ) LIABILITIES OP THE TWELVE FEDERAL RESERVE BASES COMBINED (In thousands of dollars) Teb. 27,1955 Mar, 7.1931* 5.55S,087 15,950 5,5^3.025 15i799 257,047 5.S19.303 5,815,871 250 4,152,94s 3^.153 210.841 4,397,952 Mar. 6,1955 ASSETS Gold certificates on hand and due from U. S. Treasury . . . . • . Redemption fund - F. R. notes . . 0. tiicr cciBiX . «. * • • « . . « • « Total reserves . . Redemption fund - i. R. barJc notes 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 . . . . Indue tri al advanc e s U. S. Government securities; Bo nds . * • • « • * * • • « . . . Treasury notes Certificates and bills ..... Total U.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 247,266 250 2,830 2x228 6,108 5,506 19,1+70 3,113 3*351 6,464 5,505 19,163 39U.3SS 395,688 1,492,673 1,5H,19S 523.425 2,430,311 2,430,486 2,461.570 802 2,461,443 lb,113 1+57,509 1+9,453 1+7.088 477,747 803 13,529 49,436 —it^i 11,111 15,H7 43.460 58.577 46,366 442,843 1,068,318 920,702 2,431,863 651 2,537,^59 3,128 13,145 392,474 52,431 118.286 8,852,088 8,870,736 7,525,986 3,159,939 1,2c 3,13s,751 1,324 3,002,345 134,543 4,554,816 88/485 16,323 MS7.949 99.1S1 1^.355 3.312.7S7 3^,926 4,024 4,880,023 467,797 4f£9^,23l 490,259 147,031 144,893 12,830 30,824 _-_. .6,59.3.. 3,480,900 394,161 146,118 13S,3S3 L I A B I L I T I E S P. R. notes in actual circulation . . . F. R. bank note circulation - net . . . Deposi ts: Member bank - reserve account . . . . U.S.Treasurer - General account . . . Foreign bank Other deposits Total deposits Deferred availability items Capi tal paid in Surplus (Section j) . . . . . . . . . . Surplus (Section 13 b) Reserve for contingencies .. All other liabilities TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . , Contingent liability on bills purchased f0 r foreign correspondents Commitments to make industrial advances 11+6,990 144,893 13.^7 30,822 ^300 8,852,088 72 M 8,870,736 72.4$ 286 357 ll+,85l+ 13,963 22,528 157.008 7,525,986 67.8/0 4,931 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS (In thousands of dollars) A S S E T S Total Boston New York Phila* Cleve. Rich. Atlanta 0V MAJICH 6, 1935 B-SOlb Chicago Si.Louis Miim. Kans.Cy. Dallas San Fran, Gold certificates on hand and due from U. S. Treasury 5,55^,037 UlO,U22 2,06H,710 292,285 U20.109 20^,236 116,112 1,053,122 193,785 1^3,916 20^,437 115,909 332,Okk Redemption fund - F. R. notes 15,950 3^5 1,151 2,018 1,5SU 2,07^ 3M S 5«0 ^28 U68 U6l 206 3,219 Other cash 2^7,266 27,516 71,706 3**>958 9,2b3 10,32H 12,79*1 27,982 9,150 10,162 10,386 5,732 17,293 Total reserves 5,819,303 ^38,233 2,137,567 329,26l 430,95$ 216,63^ 132,322 1,031,6g4 208,363 Redemption fund - F.R. bank notes 250 250 Bills discounted: Secured "by U.S.Gov't, obligatioi 2,830 11b 1.00S 2SS 729 110 211 22 direct and/or fully guaranteed 2,1+US SI 3,278 321 136 27 6 Other bills discounted 39 55 6,108 3,^56 609 865 266 Total bills discounted 28 153 191 23 5,506 kok 2,10^ Bills bought in open market 20*4S56 52;3 19s 651 105 19,^70 2,167 5U7 Industrial advances 1,350 1,576 3 Ms 1,364 3,36S 1,079 U. S. Government securities: 139,222 25,137 30,559 16,290 13,534 5S,S55 15,9^9 39^»3SS 23,21k Bonds 1,14-92,673 97,608 kG3,SS2 Treasury notes 103,539 132,^ 70,611 53,5Sb 263,925 66,965 162,408 3S,W4 50,012 26,662 22,119 Certificates and bills 36,857 93,003 25,2Sb 1 2,U30,US6 157,679 765,318 167,120 213,025 113,563 9^,239 U15,843 10S,200 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 2,461,570 l60,403 S02 60 16,113 339 457,509 45,675 49,453 3,1^3 47,Ogg 6g0 7 7 2 ^ ^ 171,73** 215,777 117,401 315 3,951 109,657 11,599 33,443 g2 U89 37,667 4,628 76 30 801 1,357 '43,922 39,574 6,629 3,028 1,531 1,324 15U.5U6 215,28U 121,SH7 352,556 73 66 5 8U l.sUo 139 1I49 639 67 275 31 67 143 1,1+05 306 385 6s6 15,610 36,607 13,632 65,8*49 13,331 56,992 21,521 91,84*4 18,821 23,860 38,222 103,1422 14,432 39,049 95,707 417,S67 108,880 67,778 92,771 73,090 167,708 29 1,12*4 97 g 6 2,60S 1,424 782 64,545 21,349 12,083 4,955 2 & B 1,580 993 230 738 22 678 28,666 3,447 287 16,910 2,325 1,753 7l,*475 166,331 21 31U 56 2,246 16,116 21,345 1,684 936 3,869 5^5 8,852,088 648,g5g 3,06g,986 548,402 699,692 379,3^8 250,170 1,572,7^9 3^2*882 237.513 3^1,155 214,008 51+8,325 ASSETS A2TD LIABILITIES OF THE FEDERAL RESERVE BAMS Oil MARCH 6, 1935 (In thousands of dollars) L I A B I L I T I E S Total Boston Uew York Phila. Cleve. Rich. Atlanta F.R.notes in actual circulation 66l,79S 2 3 M 3 0 308,971 155,090 126,051 3»159.9S9 265,708 F.R.bank note circulation - net 1,227 1,227 Deposits: Member "bank: - reserve account 4,554,816 305,693 1,984,93^ 227,938 303,885 162,778 85,829 88,485 1,694 U.S.Treasurer - General account 37,^44 2,755 5,631 3,059 M73 16,323 1,051 Foreign bank 7,094 1,446 1,387 540 526 144,059 13,236 3,910 3,683 220,399 3,727 Other deposits 3,^ Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13*<b) Reserve for contingencies All other liabilities TOTAL LIABILITIES B-SOlc Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. 789,028 140,624 105,300 118,628 48,960 204,901 659,008 149,153 101,353 173,367 125,090 275,738 12,71s 3,811 1,694 438 2,709 16,039 3,370 351 5,829 9,143 394 1,080 1,668 2,119 38O 1,022 2,989 19,644 676,129 169,441 110,903 183,984 130,127 298,573 65,691 22,466 12,275 29,056 25,002 21,447 4,048 4,020 10,79*+ 4,072 3,13^ 12,7^3 21,350 4,655 3,^20 3,613 3,777 9,645 1.003 626 649 1,330 ^77 523 89-1 1,211 809 5,325 1,-363 2,062 494 256 254 267 1,153 133 8,852,088 648,858 3,062,986 548,402 699,692 379,3^8 250,170 1,572,7^9 342,882 237,513 341,155 214,008 548,325 4,880,023 312,165 2,173,531 245,375 ^67,797 45,4i6 111,797 3 M S 9 146,990 10,763 59,722 15,142 49,964 13,^70 144,893 9,902 13,447 2,098 1,492 1,791 30,822 1,648 2,996 7,501 6,900 238 302 3,181 Ratio of total reserves to deposit and F.R.note liabilities combined 72.4 Contingent liability on bills purchased for foreign correspondents 286 Commitments to make industrial advances 14,854 75.8 68.6 75.4 315,013 170,060 9^,722 ^3,871 40,733 15,95^ 4,382 13,H7 5,053 5,186 5,5^0 1^,371 1,007 1,697 754 3,000 l,4i6 2,600 342 113 167 69.1 66.6 59^9 73.8 67.2 71.5 68.0 71.1 29 30 40 38 15 15 47 12 10 11 2,234 6,125 303 1,266 712 731 453 1,418 30 273 11 70.0 28 1,309 MATURITY DISTRIBUTION OF BILLS M D SECURITIES Total 3ills discounted Bills bought in open market Industrial advances U. S. Government securities 6,108 5,506 19,^70 2,430,486 Within 15 days 4,687 112 197 125,685 16 to 30 days 205 751 560 40,550 31 to 60 days 6l to 90 days 276 680 1,35^ 177,761 4,oi4 312 91,5^6 629 91 days to 6 months 247 1,078 510,783 Over 6 months 13 15,969 I,4s4,i6l FEDERAL RESERVE NOTE STATEMENT 01 MARCH 6, 1935 (In thousands of dollars) Total Boston Hew York Phila. Federal Reserve notes: Issued to F.R.bank "by F.R.Agent 3.^35.639 235,1+79 Held by Federal Reserve bank 275,650 19,771 In actual circulation 3,159,989 265,70s Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U.S.Treasury 3,312,983 301,617 U,105 138 Eligible paper 179,000 U. S. Govt, securities Total collateral 3,i+96,033 301,755 Cleve. Rich. Atlanta Chicago St.louis B-g01d Minn. Xans.Cy. Dallas San Fran, 765,070 251,0^2 323,905 163,SUg 11+3,51+7 103,272 16,112 1^,93^ 8,758 17,^96 661,792 23^,930 308,971 155,090 126,051 820,736 11+5,926 109,609 126,017 5U,ii.k0 21+6,020 31,70s 5,302 U,3C-9 7.339 5:i+so Uij.19 739,028 iHO,62H 105,300 113,62s 1+8,960 20^,901 788,706 226,000 29^,215 3.1+7,31+0 30,635 1,735 ^98 3U6 23U 175 25,000 30,000 13,000 65,000 7 9 0 , ^ 1 251,1+93 325,061 165,571+ 11+5,360 826,51+6 133,936 111,000 127,000 55,675 220,263 — 22 — 107 53 292 ~ 13,000 23,000 826,51+6 11+6,953 111,000 127,107 55,733 21+3,555 FEDERAL RESERVE BABX FOTE STATEMENT OH MARCH 6, 1935 (Ir. thousands of dollars) Total Boston Federal Reserve bank notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Govt, securities Total collateral 9,151 7,92U 1,511 2Si+ 1,227 1,227 17,000 17,000 5,000 5,000 Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 7,61+0 7,61+0 12,000 12,000 •Does not include $9!+,257,000 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