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STATEMENT FOE THE PRESS Released for publication Friday morning, May 22; not ; earlier# Board of Governors of the Federal Reserve System May 21, 1936 C01IDITI0H OF FEDERAL RESERVE B A M S The daily the week ended an increase of pared with the average volume of Federal Reserve hank credit outstanding during May 20 as reported "by the Federal Reserve banks was $2,Ugl,000,000, $6,000,000 compared with the preceding week and of $5,000,000 comcorresponding week in 1935* On May 20 total Reserve bank credit amounted to $2,^70,000,000, an increase of $1,000,000 for the week. Increases of $83,000,000 in member bank reserve balances, $S,000,000 in money in circulation and $3,000,000 iu nonmember deposits and other Federal Reserve accounts and a decrease of $3*000,000 in Treasury and national bank currency were practically offset by an increase of $73»000*000 monetary gold stock and a decrease of $23*000,000 in Treasury cash and deposits with Federal Reserve banks* Member bank reserve balances on May 20 were estimated to be approximately $2,SbO,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 May 20, 193^» were as follows: Increase or decrease since May 20 , 1936 May 22 1935 May 13 J ^ L (in Millions of dollars) Bills discounted Bills boxight U. S# Government securities Industrial advances (not including 25 million commitments - May 20) Other Reserve bank credit TOTAL RESERVE BAUK CREDIT Monetary gold stock Treasury and national barfs: currency1 Jfeney in circulation Member bank reserve balances Treasury cash and deposits with F*H#banks Nonmember deposits and other accounts 5 5 2,430 ~2 30 * +3 t9 2,^70 10.375 2,% 5,896 5.694 3.13S 611 +1 +73 >3 +ii +1.613 -3s +S3 -23 +3 •&15 +€73 +232 +67 •Less than $500,000. (B-S01) Released for publication Friday morning, May 22, 1936;not earlier. B-S01a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANES COMBINED (In thousands of dollars) May 20,1936 May 13,1936 May 22.1935 8,082,197 7,729,83^ 12,451 324,928 8,067,213 5.820,782 21,064 232.782 6,074,634 2,436 2.313 4,749 4,544 30,487 2,292 2,489 4,781 4,677 29,963 3.388 3,370 6,758 4,700 26,895 265,691 265,693 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves 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 . Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills Total U^5.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 7,759,336 12,532 316,329 1,547,839 6l6,717 2,430,247 181_ 2,470,208 240 20,36s 574,289 48,051 4ot28S 1,547,849 6l6,717 2,430,259 181. 2,469,861 240 22,936 595,188 48,050 39,764 335,621 1,540,402 554,^04 2,430,327 — 2,468,680 698 16,820 478,931 49,701 44.942 ll,24l,64l 11,243,252 9,134,406 3,760,729 3,762,028 3,l48,543 5,694,009 5,611,072 513,104 577,985 85,482 84,226 267.384 266.517 6,559,979 6,539,800 574,822 595,878 130,130,721 145,501 145,501 26,513 26,513 34,109 34,114 9.243 "8.697 4,821,304 37,317 22,376 262.888 5,l43,S85 488,889 146,649 144,893 19,939 30,777 10,831 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 account Foreign,"bank Other deposits Total deposits deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13b) Reserve for contingencies All other liabilities .... . . ... TOTAL LIABILITIES 11,241,0+1 TSatio of total reserves to deposit and F. R. note liabilities combined Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances 78.4$ — . 25,297 11,243,252 78.3$ — 26,014 9,134,4o6 73.3$ 2 18,640 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAtJKS Oil MAX 20, 1936 (in thousands of dollars) B-SOlb A S S E T S Total Boston Hew York Phila. Cleve. Rich. Atlanta Gold certificates on hand and due from u. S. Treasury 7,759,336 493,774 3,133,291 388,246 549,589 245,772 Redemption fund - F. R. notes 12,532 2,356 1,191 1^3 405 646 nthfir cash ^16.^29 29.870 91.204 4l.126 29.0P2 13.977 Total reserves 1+63 57 4,749 520 1,673 2,960 4,544 30,487 339 2,850 1,682 7,492 265,691 17,956 1,547,839 103,395 6S,U73 US0,S34 Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills Total U.S.Govt, 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 195,762 1,523,602 206,530 1,942 9.336 JOB 40.0<S4 8,083,197 526,000 3,225,756 429,715 579,096 265,395 207,590 1,564,352 Bills discounted: Secured "by U.S.Govt, obligations, direct and/or fully guaranteed 2,436 Other bills discounted 2,313 Total bills discounted Chicago St.Louis 616,717 36,326 2,1*30,2^7 157,677 181 283 46 55 — — 288 460 5,247 55 429 1,878 46 185 3,778 75 159 799 23,973 116,163 143,602 .— IS 3S9 60,26^ 3,113 271 7^1,517 183,115 220,387 120,725 101,242 5,144 144,432 10,851 29,603 22 618 43,764 5,080 rtr* y-77 C Ooo 21 1,077 56,489 6,525 1,597 2 10 2,672 49,437 2,919 8 1,623 20,433 2,284 1,044 1,^13 — 2 28,415 122,540 63 113 519,778 31 9 119 346 128 377 122 — 122 565 V 176 61 1,459 129 996 129 1,720 319 1,589 13,^92 01,316 20,392 14,496 45,335 15,747 13,,013 76,036 26,995 19,347 55,984 19,669 131,289 95,000 199,331 565 2,114 170,209 159,74s 212,502 142,534 505,936 2?2 1,067 468 2,257 7.229 17.T7P R . & K 11. 223,622 167,249 230,941 l4s,687 75 12,834 11,019 76,874 66,002 130,076 4o,202 50,450 27,008 23,188 729,383 177,120 218,025 116,716 100,209 20,755 14.089 — — — 2/470,20s 161,336 2l|0 20,36s 574,289 48,051 40,2SS 1,282 1,003 Minn. Eafts.Cy. Dallas San Fran. 321,164 123,200 — 75,570 116,844 — — 181 21,913 46,124 — 201,361 4 16 27 3 7 7 67s 1,442 2,231 37S 2,565 1,551 79,655 24,072 15,094 30,015 20,686 29,93s 4,830 2,452 1,531 3,360 1,526 3,520 786 528 333 , 259 326 323,843 123,854 77,274 110,278 97,226 li,24i,64i 751,:44i 4, 157,410 666,002 865,192 442,202 334,593 1,975.826 376,494 262,259 384,369 269,296 756,557 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAKES Oil MAY 20, 1936 (in thousands of dollars) B-S01c L I A B I L I T I E S Total Boston F.R.notes in actual circulation 3,760,729 340,735 Deposits: Member bank - reserve account 5 , S 9 M o q 223,250 U.S.Treasurer - G-eneral account 513,104 32,183 Foreign bank 85,482 6,239 Other deposits 267, yft ^ 7 7 1 Total de-posits 6,559,979 326,44s Deferred availability items 57M22 60,391 Capital paid in 9,374 J30t7^5 Surplus (Section 7) 9,902 1^5,501 Surplus (Section 13 ) 26,513 2,874 fieserve for contingencies 1,413 34,109 All other liabilities 304 9,243 TOTAL LIABILITIES ll,24l,64i Ratio of total reserves to deposit and F.R.note liabilities combined 78.4 Commitments to make industrial advances 25,297 few York Hew Phi la. Cleve. Rich. Atlanta 773,393 280,666 370,485 171,001 161,372 2,662,753 662,758 27^,734 274,734 371,734 371,734 175,109 175,109 103,992 103,992 191,605 25,639 23,456 27,103 31,394 31,944 222,753 7.841 3,115,065 310,11s 7,757 2,739 405,636 140,745 4I,7O4 50,876 12,323 57,35? 12,624 50,825 7,744 8,849 4,413 13,4O6 4,231 14,371 3,000 554 1,007 3,111 549 2,951 3,710 1,^9 2,176 207,471 140,513 43,987 19,405 4,655 4,229 5,616 5.186 3,448 1,270 184 754 2,516 188 Chicago St,Louis 873,24? 160,925 114,426 Bills discounted Bills bought Industrial advances U. S, Government securities Other securities 75,84s 290,904 b 83,482 83,482 1^7,3 167,363 3 122,776 368,539 29,033 30,253 32,243 23,981 2,024 5, SIS 2,444 2,445 1.566 13,524 4.407 J J 5 0 . 978,54s 179,482 123,946 201,810 159,030 4ll,s62 23,559 30,719 80,422 25.899 15,064 3,796 10,155 12,021 3.950 2,979 3,783 9,645 3,613 3,149 21,350 1,252 1,121 1,003 1,142 1,391 1,328 1,849 1,463 S44 7,573 893 700 229 302 1,274- . 215 33L P 751,441 4,157,410 666,002 865,192 442,202 334,593 1,975,826 37^,494 262,259 3^.369 269,296 756,557 778.8 8.8 82.8 2,897 10,391 Within 15 days 2,910 432 30,437 2,430,247 131 1^2,227 935,052 134,220 134,220 935,052 35,384 30,825 9,780 2,529 2,891 7,349 72.7 74.6 326 1,515 70.1 68.8 2,389 29s 84.5 65.7 79 MATURITY DISTRIBUTION OF BILLS M B Total Minn, Steis.Cy, Dallas San Fran 1,600 20,400 l6 to 30 days 31 to 60 days 612 221 275 241 67,263 315 63,439 1,835 94 ff.l 63.3 4S0 74.0 531 4,412 SECURITIES 6l to 90 days 703 3,022 749 138,728 70.2 91 4ays to <£ feonths 301 1,069 31$,$-5 Over o months 25,255 1,821,422 181 FED3RAL RESERVE BOTH STATEMENT ON MAY 20, 1 (In thousands of dollars) B-S01d Total Federal Reserve notes: Issued to F.R.bank "by agent Held by Federal Reserve bank In actual circulation Boston ^,033,793 357,^26 273,064 16,691 Hew York Phi la. Cleve. Rich. Atlanta 277,291+ 2951281 325,502 181,051 179.189 98,4oi l M l 5 15>017 10,050 17,817 3,760,729 3^0,735 778,893 280,666 370/485 171,001 161,372 Chicago St.iouis Mixm* Gy. Dallas San Fran. 118,0*5 905^78 32,S31 23,056 327,981 7,208 37,077 3M3j £73.2*17 lSo,$a5 l l K ^ 142,227 75,848 290,904 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper U. S. Gov't securities Total collateral 4,o4o,i4o 376,617 890,706 296,000 337,500 185,000 151,685 915*000 3,428 520 1,648 2G8 55 46 75 ~ 57,000 —" 4,100,568 377,137 —' — — - - 32,000 892,354 296,288 387,555 185,046 183,760 — 915,000 2 20,^00 120,000 151,300 s4,ooo 333,000 175 121 376 122 5, #00 laoaf? 156*121 84,376 333,122
@FedFRASER