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STATEMENT FOR THE PRESS Released for publication Friday morning, May 29; not earlier* Board of Governors of the Federal Reserve System May 28', 1936 CONDITION OF FEDERAL RESERVE BAHKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended May 27, as reported by the Federal Reserve "banks, was $ 2 , ^ , 0 0 0 , 0 0 0 , a decrease of compared with the preceding week and of $1,000,000 compared with the corresponding week in 1935* On May 27 total Reserve bank credit amounted to $2,H66,000,000, a decrease of $4,000,000 for the week, This decrease corresponds with decreases of $29*000,000 in nonmember deposits and other Federal Reserve accounts and $22,000,000 in Treasury cash and deposits with Federal Reserve banks, and an increase of $13,000,000 in monetary gold stock, offset in part by increases of $53,000,000 in member bank reserve balances and $6,000,000 in monoy in circulation Member bank reserve balances on May 27 were estimated to be approximately $2t$00,.000,000 in excess of legal requirements® Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $2,000,000 in holdings of United States Treasury bills v/&s offset-by a decrease of $2,000,000 in holdings of Treasury notes* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended May 27, 193^, were as follows: Increase or decrease since May 27 May 20 1936 May 29 (in millions of dollars) Bills discounted Bills bo-ught U # S. Government securities Industrial advances (330% including 25 million commitments - May 2j) Other Reserve bank credit TOTAL R3SZR7E B A M CREDIT Monetary gold stock Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F»R*banks Nonmernber deposits and other F#R*accounts 1 -1 -3 -l -1+ +3 -1 2,^30 30 10,3SG +13 +1 5.902 5,7^7 3,116 5C2 +53 +6 -22 -29 -1 +1,553 -32 +391 +920 +1U6 +62 (B-S01) Released for publication Friday morning, May 29,1936; not earlier. B-801a ASSETS AED LIABILITIES 01 THE T1ELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Hay 27,1936 May 20,1936 May 29,1935 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 UtS.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 7,824,035 13,052 310,>51 8,1^7,5^+8 7,759.336 12,532 316,329 8,088,197 5,868,300 22,2*+9 219,947 6,110,1+96 2,61+6 2,182 2,1+36 2,313 l+,9ll+ 3,372 4,828 4,299 30/462 4,749 4,544 30,487 8,286 4,700 26,977 265,699 1,545,908 618,648 2,430,255 181_ 2,470,025 265,691 1,5^7,839 6l6.717 2,430,247 181^ 2,470,208 314,512 l,56l,4i£ 554,304 2,430,264 — 2,470,227 2^0 20,368 574,289 48,051 40,288 J00 15,7^3 455,926 49,701 1+7,086 11,2^3,933 11,21+1,64l 9,1^+9,879 3,758,973 3,760,729 3,171,650 5,7^7,228 51+4,183 "54,493 271.122 6,517,026 522,081 1^0,795 145,501 26,513 34,111 8.998 5,694,009 513,104 85,1+82 267,384 6,559,979 574,822 130,7I+5 l^.oOl 26,513 3^,109 9,21+3 4,826,596 74,472 47,345 215.021 5.163,1*34 460,029 11+6,65!+ 144,893 20,065 30,782 12.372 11,243,938 ll,24l,64l 9,149,879 237 13,002 518,009 48,051 Hi,126 TOTAL ASSETS 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 1 3 b ) Reserve for contingencies All other liabilities .... TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . . . Commitments to make industrial advances . 78.5$ 78.1$ 73.3$ 25,095 25,297 19,1+25 ASSETS A13D LIABILITIES OP THE IFEDERAL RESERVE BAIHS Oil MAY 27, 1936 (In thousands of dollars) B-SOlb A S S E T S Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis le&e.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 7,824,035 4s4,550 3,#0,523 329,097 560,756 241,971 196,272 1,577,2?** a5,910 157,541 210,898 139,360 509,3S3 Redemption fund - P.H. notes 13,062 2,322 1,033 386 9^5 7S5 1,908 659 992 2&1 1,059 460 2,246 Other cash 310,451 29,159 87,958 39,939 28,009 19,699 10,081 39,095 #,051 8,107.17,055 5,608 11,650 Total reserves 3,147,548 516,031 3,229,514 429,422 589,710 262,455 208,261 1,617,028 230,963 165,915 229,042 #5,428 523,779 Bills discounted: 2,646 2,182 380 47 1,448 1,503 38I Total M i l s discounted 4,828 427 2,951 Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills 4,299 30,462 320 2,942 1,585 7,396 381 436 5,215 direct and/or fully guaranteed Other bills discounted 26 55 3 63 406 1,878 25 — — 26 25 150 798 174 3,772 534 2,130 2 10 S3 109 9 119 72 386 12 172 61 iMt 128 458 185 122 993 122 1,717 302 1,595 87 565 185 — 265,699 17,956 1,5^5,908 103,259 61s, 64s 36,462 68,473 20,755 23,973 12,334 11,019 480,307 116,012 143,412 76,773 65,915 180,603 40,353 50,640 27,109 23,275 28,415 13,492 I4,5€k 13,013 19,347 21,918 169,9s* SI,209 45,276 76,735 55,9io 131,115 1 2 2 , 7 2 8 , 4 9 9 15,806 27,096 19V743 46,298 Total U.S.Gov't securities 2,^30,255 157,677 — ISl Other securities 729,383 177,120 213,025 116,716 100,209 321,164 123,200 2,1+70,025 161,366 741,315 183,152 220,372 120,683 101,182 22 10 8 21 95 i,4oo 4,344 2,405 563 1,543 125,200 41,280 52,690 43,720 16,203 10,351 5,080 2,284 6,525 2,919 1,543 1,062 30,514 3,669 1,389 Total bills and securities Due from foreign banks E.R.notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 237 17 4oo 19,002 518,009 54,4S4 43,051 3,H3 41,126 282 — — — — — — 75,5&& 116,344 95,000 199,331 — — — 131 323,S2S 123,864 77,280 IIS,268 27 2,513 72,$7S 4,830 530 97,297 201,413 X 7 ^ 7 405 1,194 1,103 1,299 23,172 14,639 27,865 19,505 2,452 3,360 1,526 l,5}l 442 301 254 327 .i 16 1,833 26,575 3,580 303 11,243,998 735,693 4,I4I,333 663,1S3 872,266 433,259 330,370 2,021,432 361,812 261,0C& 360,16s 264,969 757,504 ASSETS M D LIABILITIES OF THE FEDERAL RESERVE BANKS Oil MAY 27, 1936 (In thousands of dollars) B-SOlb L I A B I L I T I E S Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago Dallas San Fran. F.R.notes in actual circulation 3,753,973 341,204 776,519 232,243 371,474 170,026 159,725 Deposits: 5,747,228 273,217 2,675,430 274,540 377,373 167,016 102,420 Member bank - reserve account 544,183 32,603 201,134 26,574 30,911 34,137 32,961 U.S.Treasurer - General account 2,430 1,933 Foreign bank: 19,423 54,493 4,037 5.137 5,031 1,346 271,122 222,901 Other deposits 1,973 4,230 5,139 2,595 874,411 75,223 291,2S6 6,617,026 315,096 3,ii3,9SS 522,031 55,516 123,97s 50,269 130,795 9,374 9,902 50,325 145,501 2,374 7,7V* 26,513 1,413 8,349 34,111 314 4,061 3,993 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 303,097 4I6,465 205,606 1^1,59!+ 39,303 52,621 1+2,307 16,243 4,229 4,712 12,31^ 12,624 5,616 5,136 13,406 1^,371 754 3,448 1,007 4,231 2,516 1,272 3,000 3,lil 202 193 593 936,351 l44,4g4 29,275 166,£5S 121,937 365,222 32,300 31.737 27,602 23,520 32,205 32,739 6,407 1,657 1,326 1,599 1,602 3,311 2,631 7,995 4,543 1.77& 1,570 13,775 1,023,739 135,923 122,206 200,751 157,36U 415,597 74,629 25,190 27,67^ 21,630 27,532 2,930 3,9J>2 3,302 10,151+ 12,021 3,1*8 3,733 9,61+5 21,350 5 P 1,1^2 1,252 1,003 1,121 1,391 g l + U S93 1,463 1,323 1,31+9 7,573 361 320 1,312 537 ,.. 11,21+3,993 735,693 1+,11+1,S33 663,188 272,266 433,259 330,370 2,021,1+32 301,812 261,004 330,l6g 264,969 757,501+ Ratio of total reserves to deposit and F.R.note liabilities combined Commitments to make industrial advances 73.5 25,095 73.6 2,312 S2.S 10,342 72.7 326 74.3 1,515 63.9 2,33S 69.1 297 rr 00.7 35.0 79 69.9 x,83l 66.3 9** ^7 62.5 74.1 547 4,397 MATURITY DISTRIBUTION OF BILLS Affl) SECURITIES Bills discounted Bills bought Industrial advances U, S. Government securities Other securities Total 1+,82S 4,299 30,462 2,430,255 131 Within 15 days 2,956 561 1,526 20,0S0 16 to 30 days 713 2,145 224 71,497 31 to 60 days 226 9S6 629 67,382 6l to 90 days 533 607 675 133,070 91 days to 6 aonths 338 2,( 328,! Over 6 months 2 25,353 1,309,520 131 FEDERAL RESERVE NOTE STATEMENT ON MAY 27, 1936 (in thousands of dollars) B-SOlb Total Boston New York Phila, Cleve. Federal Reserve notes: Issued to F.R.bank by F.R.agent Held by Federal Reserve bank In actual circulation Rich. Atlanta Chicago St.Louis Minn, Eahs.Cy. Dallas San Fran. 4,036,457 358,777 872,209 294,787 385,622 181,066 178,107 911,972 168,858 118,032 155.551 277,484 17,573 95,690 12,5^ l4,l48 ll,04o 18,382 37.5^1 8,386 3,604 13,5^9 S3,203 328,273 7,980 36,987 3,758,973 341,204 776,519 282 2U3 371,^74 170,026 159,725 874,411 160,472 114,428 141,962 75,223 291,286 4,038,523 376,000 3,488 U27 55,000 890,706 296,000 387,500 185,000 147,685 1,646 381 63 26 25 32,000 915,000 154,632 120,000 149,000 12 171 121 15,000 — 8,000 s4,ooo 333,000 431 185 4,097,011 376,427 892,352 296,381 327,563 185,026 179,710 915,000 169,61)4 120,171 157,121 84,431 333,125 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
@FedFRASER