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STATEMENT FOR THE PEESS Released for publication Friday morning, May 17; not earlier* B-801 Federal Reserve Board May 16, 1935* CONDITION OF FEDERAL RESERVE BANKS The daily the week ended an increase of pared with the average volume of Federal Reserve bank credit outstanding l during May 15, as reported by the Federal Reserve banks, was $2, +85»0G0,Q00, $1^,000,000 compared with the preceding week and of $3,000,000 comcorresponding week in 193^• On May 15 total Reserve bank credit amounted to $2,^73,000,000, an increase of $7,000,000 for the week. This increase corresponds with an increase of ,000 in member bank reserve balances and a decrease of $2,000,000 in Treasury and national bank currency, offset in part by an increase of $9,000,000 in monetary gold stock and by decreases of $2,000,000 in money in circulation, $37,000,000 in Treasury cash and deposits with Federal Reserve banks and $12,000,000 in nonmember deposits and other Federal Reserve accounts. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $11,000,000 in holdings of United States bonds was offset by decreases of $10,000,000 in holdings of Treasury bills and $1,000,000 in United States Treasury notes. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended May 15, 1935, were as follows: Increase or decrease since May 15 1935 May 8 May l6 J331 193^ (In millions of dollars) Bills discounted 7 Bills bought 5 U . S. Government securities 2,^30 Industrial advances (not including 19 million commitments - May 15) 27 Other Reserve bank credit 5 TOTAL RESERVE BAHK CREDIT Monetary gold stock Treasury and national bank currency 2, k73 8,737 2,534 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks ITonraember deposits and other F # R.accounts 4,822 2,901 526 +1 — -27 +1 +6 4-27 +2 +7 t9 -2 +984 +I5U -2 +64 -37 -12 +150 4-1,128 -181 Beleased for publication Friday morning, May 17,1935? earlier. 3-S01a ASSETS A1TD LIABILITIES OF THE T T O V S FEDEEAL RESERVE BAKKS COMBINED (in thousands of dollars) May 15 >1935, May 8,1935 May l6 t l^k A S S E T S Gold certificates on hand and due from U . S . Treasury . . . . . . . . . . . Redemption fund - F . R . notes . . . . . . Other cash . . . . . . . Total reserves . . Redemption fund ~ F . H . "bank notes • . . . Bills discounted: Secured "by U.S.Gov't. obligations,direct and/or fully guaranteed *. Other bills discounted . . . . . . . . . Total bills discounted . , , . 4 Bills bought in open market . . . . . . . Industrial advances . . . . . . . . . . . U . S . Government securities; Bonds Treasury notes Certificates and bills • Total U . S . Government securities Other securities . 235,981 6,047,883 5,765,819 20,061 237,661 6,023,5^1 4,583,312 30,165 236.520 4,850,497 5,275 3.531 3,124 6,655 4,7 05 2,639 ,3.321 5,960 4,698 26,5^6 26,410 333,542 1,5^1,653 555.160 322,337 1,5^3,136 . 564,77.2 2,430,245 2,430,355 6,298 28,104 34,402 5,501 — 406,190 1,233,599 790,367 2,430,156 546 . • Total bills and securities Due from foreign banks . . . F . R . notes of other banks * Uncollected items . . . . . Bank premises All other assets TOTAL ASSETS 5,791,239 20,063 . . . . . 2,470,605 2,1+68,261 69H 16,506 582,111 2,467,313 699 17.1^7 1+9,690 44,077 49,634 42,479 501,044 52,595 185.430 9,209,222 9,046,828 8,089,011 3,15^,37^ 3,160,066 3,061,279 63,752 446,015 3,135 20,430 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 1 3 b ) . . . Reserve for contingencies All other liabilities . . . TOTAL LIABILITIES — 4,822,322 34,693 18,733 248,418 4,757,608 50,969 3,694,493 45,074 4,649 246.981 5,124,166 577,946 146,60O 144,893 19,939 30,810 3,991,197 501,685 146,202 10.434 5,085,913 448,016 146,669 144,893 19,939 30 808 10.^24 9,209,222 9,046,828 15,470 261,866 Ratio of total reserves to deposit and F 0 R . note liabilities combined . . Contingent liability on bills purchas for foreign correspondents . . . . 73.156 16 16 Commitments to make industrial advances 18,515 is f oUo 73.0$ 138,383 — 22,532 .163,931 8,089,011 6s M 3,622 ASSETS A N D LIABILITIES OF THE FEDERA.L RESERVE BANKS ON MAY 15, 1935 (In thousands of dollars) A S S E T S Total Boston N e w York Phila. Cleve. R i c h , Atlanta Chicago St.Louis B-SOlb Minn. K a n s . C y . Dallas San Fran. Gold certificates on hand and due from u . s. Treasury 5,791,239 ^90,598 2,147,063 284,811 437,737 178,052 115,069 1,317,931 152,138 137,857 206,591 Redemption ftmd - F . R . notes 20,063 2,015 1,806 1,554 1,589 1,363 3,358 2,407 1,279 629 SOJ Other cash 235,981 24,649 65,520 33,467 10,212 11,613 12,322 24,685 12,080 12,154 11,202 90,631 333,351 366 2,890 5,651 12,426 6,047,883 417,262 2,214,339 319,832 449,538 191,028 130,749 1,345,023 165,497 150,650 218,600 96,6^8 348,667 Total reserves Bills discounted: 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 3,531 3»124 6,655 4,705 26,546 434 131 565 306 4,093 450 475 346 i,si4 2,203 6,182 333,542 20,125 1,541,653 100,405 555,160 1,887 2,206 37,1^8 144 3,444 88 22 112 62 160 166 50 8 110 174 174 326 58 446 1.317 113,216 21,915 26,364 468,466 106,45s 136,250 162,636 38,747 50,4ii 169 4,035 1,110 14,054 11,690 60,263 — 14 81 2,186 558 50 65 2,011 42,339 13,329 14,847 40,943 14,921 557 26,874 22,294 251,818 69,385 89,686 25,486 72,635 50 4 10 22 263 75 249 155 51 97 127 512 122 1,808 206 1,007 329 685 13,386 17,609 24,668 68,218 39,319 127,493 25,240 14,547 47,170 Total U.S.Govt, securities 2,430,355 157,678 744,318 167,120 213,025 113,563 94,247 383,843 108,200 •70,711 106,844 71.475 199,331 Total bills and securities 2,468,261 160,792 694 53 16,506 367 756,407 171,489 214,898 117,9^6 95,852 386,644 108,853 73,917 200,551 26 25 993 17,233 2,325 1,735 72,837 108,075 4 19 l,l4s 1,469 13,090 32,730 1,580 3,448 Due from foreign banks F . It. notes of other banks Uncollected items Bank premis es All other assets TOTAL ASSETS 582,111 59,5^8 49,690 44,077 3,168 529 271 3,769 157,026 11,780 30,656 72 271 42,298 4,595 4,446 67 1,410 55,357 6,629 2,146 2,186 46,128 3,028 1,241 85 2,013 86,064 4,955 771 5 1,330 24,292 2,628 256 626 263 18 380 20,309 1,685 896 49 1,170 28,036 3,869 512 9,209,222 641,719 3,174,298 543,003 730,045 361,583 248,912 1,825,555 302,861 239,935 364,6o4 193,853 582,854 ASSETS AED LIABILITIES OF THE FEDEEAL HESEBVE EAUKS Oil M Y 15, 1935 (In thousands of dollars) L I A B I L I T I Total F.3.notes in actual circulation Deposits: Member bank - reserve account U.S.Treasurer- G-eneral account Foreign bank Other deposits Total deposits Deferrad availability items Croital paid in Surplus "(Section 7) Surplus (Section 13 b ) He servo for contingencies All ether liabilities TOTAL LIABILITIES Boston 3.154,37^ 261,821 Uew York Fhila, CI eve. R i c h . Atlanta 650,033 235,352 313,289 149,650 125,644 4 , 822,322 290,l44 2,044,960 226,425 320,990 147,003 3^,^93 3,048 1,125 2,257 316 2,623 691 1,848 1,344 1,773 6,932 13,733 3,901 3>^15 1^7,723 _ i L t m 248,418 5,124,166 295,219 2,21+1,878 233,707 329,287 153,281 577.946 59,224 154,082 39,S51 55,1+1+3 1+4,276 5,035 i46,66o 10,761 59,376 15,124 13,126 5,186 144,893 9,902 49,961+ 13,1+70 14,371 19,939 2,501 1,007 2,165 2,098 6,065+ 30,810 1,648 l,4i6 3,000 7,500 2.99S 10,434 •05 379 23s 522 5,351 35» o4s 2,751 672 4.492 92,963 16,726 4,448 5,540 754 2,600 237 Chicago St.Louis B-SOlc M i n n . K a n s . Cj. Dallas San Fran, 786,464 138,491 104,713 120,253 47,282 221,332 S9S.751 112,688 100,639 196,829 110,146 288,699 2,889 5,049 4,i44 1,408 3,372 5,211 56O 1,306 485 503 448 2,165 ll.*02 1,955, -. 7,5242,795 908,922 127,639 112,483 203,657 113,994 311,136 26,195 13,70s 31,241 22,235 26,791 4,030 4,031 10,824 3,127 3 <999 12,779 3,777 3,613 4,655 3,420 21,350 9,645 939 775 1,003 547 1,391 695 81° 1,363 891 1,211 5,325 2,041 216 210 232 m . — 1,750 9,209,222 641,719 3,174,29s 543,003 730,045 361,583 248,912 1,825,555 302,861 239,935 364,604 193,253 522,854 S- tio of total reserves to deposit and I\R.note liabilities combined 73.1 Contingent liability on bills purchased 1or foreign correspondents 16 C< rait:nents to make industrial advances 18,515 76.6 74.9 70.0 68.2 63.1 1 3 2 2 2,709 7,329 4gg 1,467 59.S 1 1,354 62.2 79.3 67.5 69.4 1 2 1 724 501 1,650 * 65.5 59.9 1 75 339 1 160 1 1,718 MATURITY DISTRIBUTION OF 3ILIS AMD SECURITIES Bills discounted Bills bought in open market Industrial advances U . S . Government securities To tal Within 15 days 6,655 5, 008 4,705 26,546 2,430,355 282 1,243 40,257 16 to 30 days 168 420 304 41,103 31 to 60 days 932 1,009 356 221,53^ •Less than $500. 6l to 90 days 91 days to 6 mouths Over 6 months 319 2,994 207 15 252 2,735 153,741 1,784,o4O 189,680 21,656 FEDERAL RESERVE NOTE STATEMENT ON MAY 15, 1935 (In thousands of dollars) Total Eoston N e w York Phila. Clave. Rich. Atlanta Chicago St.Louis B-801d M i n n . K a n s . C y . Dallas San F r a n . Federal Reserve notes: Issued to F.R.bank b y F.R.Agent 3,420,316 277,699 Held by Federal Reserve bank 265,942 15,878 In actual circulation 7U3,5SS 21+9,207 328,51+5 160,575 1^3,5^6 33,505 13,855 15.556 10,925 17,9^2 818,30*+ ll+l+,0l+7 109,06l 128,524 31,8U0 5,556 4,348 8,271 53,207 264,013 5,925 1*2,681 3.15^.37^ 261,821 650,083 235,352 313.289 149,650 125,61+1+ 786,1+64 138,1+91 104,713 120,253 47,282 221,332 3.288,1+79 301,617 738,706 227,000 314,715 131,31+0 2,598 I+35 110 152 — 22,000 15,000 30,000 Collateral held b y agent as security for notes issued to bank: Gold certificates on hand and due from U . S , Treasury Eligible paper U . S . G o v t , securities T o t a l collateral 5,091 226,500 565 -- 3,520,070 302,182 82,685 321+ 65,000 827,31+6 107,632 107,500 130,000 51,675 218,263 58 13 50 79 511 196 38,000 3,000 — 2,500 51,000 791,304 249,435 329.S25 161,1+92 11+8,009 827,4o4 145,645 110,550 130,079 5i+,6s6 269,1+59
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