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STATEMENT JOE THE PRSSS Released for publication Friday morning, May S; not earlier,* Board of Governors of the Federal Reserve System May 7, 193&* CONDITION OF FEDERAL RESERVE BATIKS The daily average volume of Federal Reserve "bank credit outstanding during tile week ended May 6 as reported by the Federal Reserve banks was $2,^77,000t000f an increase of $^f000f000 compared with/pwceding week and of $6*000,000 compared with the corresponding week in 1935* On May 6 total Reserve bank credit amounted to $2,^78,000,000, an increase of $6,000,000 for the week. This increase corresponds with increases of O53* 000 * 000 in moaey in circulation and $26,000,000 in member bank reserve balances and a decrease of $4,000,000 in Treasury and national "bank currency, offset in part by an increase of $27,000,000 in monetary gold stock and decreases of $33,000,000 in Treasury cash and deposits with Federal Reserve banks and $17,000,000 in nonmorabcr deposits and other Federal Reserve accounts. Member ban: reserve balances on May 6 mqtq estimated to be approximately $2,700,000,000 in excess of legal recjuirements* Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $5,000,000 in holdings of United States Treasury bills was offset by a decrease of $5,000,000 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 5, 1936, were as follows: Increase or decrease since May 6 Anr. 29 May 8 j m (In millions of dollars) Bills discounted Bills bought U* S. Government securities Industrial advances (not including 26 million commitments - May 6) Other Reserve bank credit TOTAL RESERVE BilJK CR3DIT Monetary gold stock Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F.R*bariks llonmember deposits and other F.R.accounts 5 , 5 2,1+30 30 s 10,242 2,407 5,912 5.532 3,175 b04 +6 +9 +S +27 +12 +1,520 -4 -39 +53 +4lG +774 -33 m+S5 +26 -17 (B-801) Bclcasod for publication Friday morning, llay G.1936; not earlier. 3-S01a ASSETS XBD LIABILITIES OP TE3 TTOLYE FEDERAL RESERVE 3AICS COM3 HIED (In thousands of dollars) Hay 6,1936 Apr. 29.1936 May S, 1935 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund notes • . . . • 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 marhet ...... Industrial advances . . . . U. S. Government securities: Bonds . . Treasury notes Treasury bills Total U.S. Government securities # Other securities Total bills and securities . . . . Due from foreign basks Uncollected items . . Bank premises • • • 7,703,337 13,377 322,027 S,038,SOI 7,703,233 12,9U2 339,651 8,056,1+26 5,765,819 20,061 237,661 2,037 2,858 2,1+6-? 2,639 2,^7 4,5s4 4,676 30,170 265,70s 1,549,461 30,319 265,723 1.55MS9 2,430,33s 609,667 2,1+30,279 1S1 181 2,469,947 64o 13,313 2,1+70,726 615,167 519,305 .. 5,323 H.6S1+ 4s,o4s 631 19,661+ 522,097 1+8,031 38,093 6,023,5^1 3,321 5,966 l+,698 26,^10 322,337 1,5^3.136 56^,772 2,1+30,2U5 2^67,313 699 17,11+7 1+1+6,015 1+9,634 1+2,1+79 11,135,049 11,155,728 9,01+6,828 3,77S*SSO 3,7^1,690 3,160,066 5,506,311+ 679,209 1+,757,60S 50,969 83,356 278,11+7 6,51+7,026 521,228 130,657 145,501 26,513 3i+,ios 9,005 261,866 LIABILITIES 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 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 for foreign correspondents Commitments to make industrial advances 5,531,992 621,759 Sl,S5l 263/437 6,499,045 511,66s 1^0,652 145,501 26,513 34,110 S.oSO 11,135,049 7S.2£ 11,155,72s 78.3$ 5,085,913 1+1+8,016 11+6,669 lUU,893 19,93930,808 10,52^ 9,01+6,828 73.0$ 16 — 25,81+2 15,^70 25,576 18,01+0 ASSETS A1ID LIABILITIES OF THE FEDERAL RESERVE BAMS OH MAY 6, I936 (in thousands of dollars) B~S01b ASSETS Total Boston New York Phila. Cleve, Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 7,703,337 501,695 3,060,886 397,211 547,959 264,641 204,376 1,425,741 221,444 158,192 223,122 i4i,175 496,295 Redemption fund - F. R. notes 13,377 2,429 1,607 282 644 S9I 2,070 376 1,04S 290 1,111 494 2,335 Other cash 322,087 3l,2l6 95,617 ^1,184 30,069 IS,722 9,812 42,154 13,253 5,518 17,332 M l 5 11,535 Total reserves 8,038,801 535,3^ 3,158,110 439,277 Bills discounted: Secured by-U.S.Govt, obligations, 1,176 direct and/or fully guaranteed 2,097 293 3^3 — 1,702 Other "bills discounted 2,487 51 Total bills discounted 4,584 344 2,87s 349 Bills bought in open market 473 350 M76 1,73^ Industrial advances 30,170 2,853 7,682 5,245 U. S. Government securities: Bonds 265,708 17,956 58,473 20,755 Treasury notes 1,549,461 103,505 481,258 115,284 Treasury bills 615,167 35,216 179,552 40,081 578,572 284,054 2lS,25S 1,528,271 235,7^5 lS5,000 241,565 146,284 510,225 20 — 21 — 20 21 44l 191 3,832 1,810 — 50 — 50 154 824 23,973 12,834 11,019 143,754 76,95s 65,072 50,298 25,926 23,118 Total UtS.Govt. securities Other securities 2,^30,336 157»$77 — 181 729,3S3 177,120 218,025 116,716 100,209 Total bills and securities Due from foreign banks F.R.notes of other banks Uncollected items Bank premises All other assets 2,469,947 151,224 64o 49 19,813 379 519,305 55,^60 48,048 3,H3 256 38,435 741,677 183,187 220,296 120,760 101,197 61 58 28 22 259 790 1,289 1,765 1,355 ^,352 127,454 39,270 ^9,39>+ 43,866 19,846 2,284 10,849 5,080 6,525 2,919 28,166 3,604 1,559 1,025 1,369 TOTAL ASSETS — —— -— — — 581 2,133 2 10 12 132 ^7 54 308 135 ISO 95 l4l S7 61 355 133 315 328 i,i4i 520 Q 1,^9 J 133 943 1,728 28,415 13,^92 14,513 13,013 19,3^7 21,91s 170,390 81,401 45,454 76,917 56,043 131,^27 122,359 28,307 15,700 25,914 19,610 45,986 321,164 123,200 — — 75,567 Il5,s44 35,000 133,331 — — 181 323,92s 123,819 77,226 118,242 97,216 201,115 44 12 12 4 76 3 46o 1,204 2,246 543 2,333 3,037 74,265 22,476 1^,330 29,770 20,012 23,162 4,330 2,452 1,531 3,360 1,525 3,580 422 788 444 241 308 11,135,04s 755,821 4,070,867 671,269 857,793 454,417 342,331 3.,93M5i 386,983 259,121 :3 9 M 6 7 266,303 740,826 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE (In thousands of dollars) BAMS OIT MAY 6, 1936 B-SOlc LIABILITIES Total Boston ifew York Phi la. Cleve. Rich. Atlanta F.R.notes in actual circulation 3,778,880 3U3,kOJ jS6t980 279,l6l 369,l4s 171,421 Deposits: Member bank - reserve account 5,531,952 288,944 2,524,216 280,685 363,616 190,205 U.S.Treasurer - General account 621,759 33,229 263,1^5 30,715 34,873 29,79^ Foreign "bank SI,851 5,967 30,649 7,493 7,^19 3,5^ Other deposits 263/437 5,279 217,936 2,o44 1,843 2,035 Total deposits 6,499,045 333,^19 3,035,-'-6 320,943 ^-07,751 225,582 511,668 55,151 125,641 37,757 49,33*+ 42,77^ Deferred availability items 130,652 9,397 Capital paid in 50,903 12,322 12,5^ 4,580 145,501 9,902 Surplus (Section 7) 50,325 13,406 14,371 5,186 26,513 2,874 Surplus (Section 13 b) 7,744 4,231 1,007 3,448 34,110 iM3 Heserve for contingencies 3,000 1,268 8,849 3,111 449 8,680 All other liabilities 25s 158 3,979 523 TOTAL LIABILITIES Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 162,009 873,322 162,253 115,303 l46,36l 110,460 32,854 2,822 1,950 902,254 144,937 82,550 32,92^ 36,283 32,238 9,354 2,419 1,935 3,^22 7,445 4,638 947,955 191,084 121,361 69,910 23,410 13,629 12,022 3,763 2,989 21,350 4,655 3,1^9 1,391 546 1,003 7,573 1,470 893 1,328 217 379 l4s,os6 18,'j45 4,229 5,616 754 2,512 180 76,333 293,182 173,505 119,678 32,022 33,2l4 2,337 2,338 519 2,026 208,783 157,256 29,59S 21,802 3,951 3,796 3,613 3,783 1,142 1,252 844 1,328 753 175 350,9^48 30,467 5,564 13,900 400,879 23,717 10,152 9,645 1,121 1,849 281 11,135,049 755,S21 4,070,867 671,269 857,793 ^ 5 ^ 1 7 3^2,331 i,93M5l 386,983 259,121 39^,^67 266,303 7^,826 Ratio of total reserves to deposit and F.R.note liabilities combined 78.2 79.1 Commitments to make industrial advances 25,842 2,91s 82.6 10,333 73.2 74.5 328 1,516 71.5 2,403 69.7 66.7 83.9 37^ 79 69.7 1,932 102 68.0 62.6 590 73.5 582 4,685 MATURITY DISTRIBUTION OF BILLS A1TD SECURITIES Total Bills discounted Bills bought Industrial advances U. S. Government securities Other securities 4,584 4,676 30,170 2,430,336 181 Within 15 days 2,877 556 1,669 27,106 l6 to 30 days 4^5 232 20,400 31 to 60 days 6l to 90 days 709 740 3,27^ 103,586 144,744 4oi 557 767 91 days to 6 months 220 1,899 313,975 Over 6 months 6 25,046 1,820,525 181 FEDERAL HESEH7E 110TE STATEMENT 01T MAY 6, 1936 (in thousands of dollars) B-301d Total Boston Kerc York Phila# Federal Reserve notes Issued to F.K."bank by F.R.agent Held by Federal Reserve ban!-: In actual circulation Cleve, Rich, Atlanta Chicago St.Louis Minn. Ilans.Cy. Dallas San Fr«.n 11,037,156 360,979 379,962 293,081 381,133 ISOf382 122,390 907,297 169,^20 118,506 155,232 22,810 325,303 253,276 17,572 92,982 13,920 11,935 3,961 20,321 3^,575 7,167 3,203 2,927 6,^77 32,126 3,773,380 3^3,^07 786,930 279,161 369,1^8 171,^21 162,009 873,322 162,253 H5,303 1^6,361 76,333 293,182 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 H,0^2,903 376,617 3,272 3^ HS,000 — 390,706 295,000 333,000 139,000 151,635 915,000 159,632 119,000 151,000 £3,000 329,263 1,635 3^9 20 21 — — 12 93 130 353 315 — -— -32,000 — 11,000 — 5,000 — — M 9 M 7 5 376,961 892,3^1 295,3^9 333,020 139,021 123,635 915,000 170,6UU 119,093 156,130 83,353 329,573
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