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STATEMENT FOR THE PRESS Released for publication Saturday morning, June 1; not earlier. B-801 Federal Reserve Board May 31, 1935 CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended May 29, as reported by the Federal Reserve banks, was $2,475,000,000. a decrease of $1,000,000 compared with the preceding week and an increase of $1,000,000 compared with the corresponding week in 1934. On May 29 total Reserve bank credit amounted to $2,467,000,000, an increase of $8,000,000 for the week. This increase corresponds with increases of $64,000,000 in Treasury cash and deposits with Federal Reserve banks, $30,000,000 in money in circulation and $6,000,000 in member bank reserve balances and a decrease of $5,000,000 in Treasury and national bank currency, offset in part by an increase of $73,000,000 in monetary gold stock and a decrease of $24,000,000 in nonmemher deposits and other Federal Reserve accounts. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $21,000,000 in holdings of United Statos Treasury notes was offset by a decrease of $21,000,000 in Unitod States bonds. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended May 29, 1935* were as follows: Increase or decrease since May 2Q May 22 May 30 1935 (In millions of dollars) Bills discounted Bills bought U, S. Government securities Industrial advances (not including 19 million commitments - May 29) Other Reserve bank credit 8 5 2,430 TOTAL RESERVE B A M CREDIT Monetary gold stock Treasury and national bank currency 2,467 8.S35 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.hanks Nonmember deposits and other F.R.accounts 5,511 4,827 2,970 520 - 26 +1 27 - 3 2,526 + 27 - 4 + S +73 - 5 - 3 +1,059 + 155 +30 + 6 + 173 +1,064 +64 -24 - + 81 55 Released for publication Saturday morning, June 1,1935'» aot earlier. B-SOla ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BAMS COMB IKED (in thousands of dollars) May 29.1935 May 22.1935 May 30,1934 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - P. R. notes Other cash Total reserves Redemption fund - P. R. hank 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 Industrial advances U. S. Government securities: Bonds Treasury notes „ Certificates and bills Total U.StGovernment securities . Other securities Total bills and securities . . . Due from foreign banks . . ., P. R. notes of other banks Uncollected items Bank premises . . . . . All other assets .... 5,868,300 22,249 219.947 5,820,788 21,064 232.782 4,648,031 29,77*+ 223.880 6,110,496 6,074,634 4,901,685 — 4,9l4 3.372 8,286 26*977 *977 314,512 1,561,448 554.304 2,430,264 T.Z— 2,470,227 700 15,743 455,926 4,720 3.388 3.370 6,758 9.085 24.615 33.700 26,895 335,621 1,540,402 554.304 2,430,327 — 2,468,680 698 16,820 478,931 1*06,194 1,216,490 807.470 2,430,154 535. 2,469,567 3,125 15,382 397.257 49,701 47.086 49,701 44.942 52,602 187.876 9,149,879 9.134.406 8,032,214 P.R, notes in actual circulation P.R. bank note circulation net . . . . . Deposits: Member bank - reserve account . . . . . U.S.Treasurer - General account . . . . Foreign bank . Other deposits . 3,171,650 »•» 3.148,543 3.051,6o4 60,422 4,826,596 JMJ2 47,345 21,5,021 4,821,304 3,762,920 Total deposits , Deferred availability items . . . . . . . Capital paid in . . . Surplus (Section 7) Surplus (Section 1 3 b ) Reserve for contingencies . . . All other liabilities . . . . . . . . . . 5,163,434 37.317 22,376 262.888 5,143,885 460,029 146,654 144,893 20,065 30,782 12,372 488,889 146,649 144,893 19.939 30,777 10.831 399,832 146,271 138,383 TOTAL LIABILITIES Ratio of total reserves to deposit and P, R. note liabilities combinod . . . . Contingent liability on bills purchased for foreign correspondents 9.149,879 9,134,406 8,032,214 . TOTAL ASSETS LIABILITIES Commitments to make industrial advances . 73.3$ — 19,425 73.3$ 2 18,640 51,636 5,592 227.59? 4,047,746 22,532 165.424 69.0 2,730 ASSETS AND LIABILITIES Of THE FEDERAL RESERVE BANKS OH MAY 29, 1935 (In thousands of dollars) ASSETS Total Boston New York Phila. Cleve. Gold certificates on hand and due from u. s. Treasury 5,868,300 393,554 22,2^9 3,96l Redemption fund - F. R. notes Other cash 219,947 20,906 Total reserves Bills discounted: 6,110,^6 418,421 direct and/or fully guaranteed Other hills discounted Total hills discounted Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Certificates and bills 4,914 3,372 8,286 4,700 26,977 219 1,792 2,325 461 145 1,690 346 «,18S 4,117 606 22 162 475 3,326 446 1,465 157,678 Total U.S.Govt, securities 2,430,204 Total hills and securities 2,470,227 161,902 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All Other assets TOTAL ASSETS 700 15,743 455,926 %,701 47,086 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 2,227,877 277,620 449,209 169,809 109,795 1,351,990 l47,6?8 137,^96 192,303 1,553 1,445 1,497 1,969 3,766 2,272 1,247 606 760 63,632 30,233 7,959 10,101 11,872 22,109 12,076 12,1+62 11,12b 2,293,062 309,298 458,665 181,879 125,433 1,376,371 160,961 150,564 204,189 1,471 314,512 IS*995 1,561,448 101,595 554,304 37,088 Rich. Atlanta B-SOlb 1,809 6,368 1M0 105,737 20,737 24,831 476,185 107,699 137,866 162,396 38,634 50,328 7*&,3l8 167,120 187 81 268 174 53 198 251 169 4,276 1,110 13,236 10,987 73,496 61,009 26,830 22,257 213,025 113,562 94,253 756,612 171,527 215,098 118,280 95,783 53 382 50,845 3,168 518 277 3,530 113,208 11,791 34,219 9,149,879 635,289 3,212,699 67 26 1,082 1,883 35,067 42,538 4l,179 ^,595 6,629 3,028 4,455 1,643 1,216 72 287 25 1,269 13,319 2,325 1,719 200 64 10 200 557 2,174 81 557 .87,011 323,998 3*5 2,828 5,746 11,725 93,102 338.551 50 29 59 262 262 50 88 65 2,012 127 1,029 524 122 1,798 205 51 256 329 674 1*0,029 12,553 14,390 12,618 17,166 23,233 70,202 41,328 69,027 39,785 129,004 25,445 14,897 25,199 14,524 47,094 254,252 89,562 383,843 108,200 70,615 106,844 71,475 199.331 386,77^ 108,912 72,7^2 108,088 85 2,455 73,919 200,590 5 ^ 697 750 62,662 19,416 12,805 ^,955 2,628 1,580 802 225 570 26,502 16,915 21,470 292,344 239,015 343,982 186,877 566,682 525,301 725,722 347,491 239,873 1,854,104 19 1,447 12 297 *+9 1.664 3,448 289 1,685 941 3,869 489 ASSETS AND LIABILITIES OF THE FEDERAL ESSEPJVE "BASKS ON MA. Y 29, 1935 (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. F.R.notes in actual circulation 3,171,650 265,926 669,462 Deposits: 4,826,596 284,230 2,081,291 Member bank - reserve account 74,472 4,548 25,613 U.S.Treasurer - General account 47.345 1,542 33,813 Foreign bank 215,021 2,760 158,495 Other deposits Total deposits 5,163,434 293,080 2,299,212 Deferred availability items 460,029 51,353 114,619 Capital paid in 146,654 10,761 59,365 Surplus (Section j) i44„893 9,902 49,964 20,065 2,165 Surplus (Section 13 b) 6,190 30,782 1,64s Reserve for contingencies 7,500 12,372 All other liabilities 454 6,387 TOTAL LIABILITIES 9,149,879 635,289 ilatio of total reserves to deposit and F.R.note liabilities combined Commitments to make industrial advances •73.3 19,425 74.9 2,926 Rich.. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 103,367 120,470 48,474 216,762 927,843 108,791 103,626 181,204 105,006 279,652 3,939 4,855 2,677 7,168 2,034 4,59s 2,484 642 514 577 557 1,499 4,682 9,419 6,670 1,354 2,319 17.469 938,948 123,707 113,487 190,303 109,916 303,218 64,932 20,348 13,192 23,699 18,116 23,105 34,230 42,974 4o,o4o 13,421 12,785 3,999 3,124 4,034 4,024 10,826 15,125 13,126 5,037 4,448 13,470 14,371 5,186 5,540 21,350 4,655 3,420 3,613 3,777 9,645 547 1,003 2,098 1,007 2,501 1,391 775 939 695 754 891 1,176 2,996 3,000 1,4x6 2,601 825 1,363 2,041 5,325 246 263 268 390 471 6o4 260 2,232 299 3,212,699 525,301 725,722 347,491 239,873 1,834,io4 292,844 239,015 343,982 186,877 566,682 77.2 7,650 236,905 314,117 147,224 123,603 210,735 326,164 137,418 80,636 3,719 4,445 5,331 5,545 2,120 2,034 792 771 3,432 3,880 2,286 2,255 220,006 336,523 145,827 89,207 B-SOlc 67.7 478 70.5 1,447 62.1 1,430 58.9 742 787,l4l 138,199 79.7 501 61.5 1,701 69.4 75 65.7 58.8 342 65.1 1400 1,733 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought in open market Industrial advances U S. Government securities Total 8,286 4,700 26,977 2,430,264 Within 15 days 6,176 959 1,251 4l,103 . 16 to 3° days 821 1,997 180 146,435 , 31 to 60 days 398 1,390 334 120,495 . 61 to 90 days 6^9 354 318 179,894 91 days to £ months 226 — 2,738 146,132 Over 6 months l6 22,156 1,796,205 FEDERAL RESERVE NOTE STATEMENT OH MAY 29, 1935 (In thousands of dollars) Total Boston New York Fhila. Cleve. Rich. Atlanta B-801d Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Federal Reserve notes: Issued to F.R.-bauk by F.R.Agent 3,429,322 278,859 257,672 12,933 Held by Federal Reserve bank 3,171,650 In actual circulation 265,926 761,354 249,717 327,402 157,194 i4l,937 91,892 12,812 13,285 9,970 18,334 669,462 236,905 314,117 147,224 123,603 816,095 143,193 108,752 128,254 56,024 260,535 28,954 4,994 5,391 7,784 7,550 43,773 787,i4l 138,199 103,367 120,470 48,474 216,762 Collateral held by agent as security for notes issued to bank •m 1• ©old certificates on hand and due from U. S, Treasury 3,271,979 301,617 Eligible paper 6,741 1,691 — S. Govt* securities 236,900 Total collateral 3,515,620 303,308 788,706 2,623 791,329 224,500 314,715 126,340 82,685 606 162 25,000 15,000 250,106 329,877 245 33,ooo 247 65,000 159,585 147,932 827,346 200 — 104,632 107,500 130,000 50,675 213,263 i 74 4o,ooo 50 2,400 827,546 l44,7o6 109,950 72 — 524 5,500 247 51,000 130,072 56,699 264,510
@FedFRASER