The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATMTT FOR THE PRESS Released for publication Friday' morning, May 10; not earlier. B-801 Federal Reserve Board May 9» 1935* CONDITION OF FEDERAL RESERVE BAInTICS The daily average volume of Federal Reserve "bank credit outstanding during the week ended May 8,. as reported by the Federal Reserve banks, was $2,^71>000>0°0t an increase of $3,000,000 compared with the preceding week and a decrease of $13,000,000 compared with the corresponding week in 193^• On May 8 total Reserve bank credit amounted to $2,466,000,000, an increase of $3,000,000 for the week. This increase corresponds with increases of $37#000,000 in member bank reserve balances and $7»000,000 in money in circulation and a decrease of $7,000,000 in Treasury and national bank currency, offset in part by an increase of $7,000,000 in monetary gold stock and a decrease of $40,000,000 in Treasury cash and deposits with Federal Reserve ban3.cs. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $13,000,000 in holdings of United States Treasury notes was offset by a decrease of a like amount in holdings of Treasury bills, Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended May 8, 1935, W e r e a G follows: Increase'or decrease since May 8 May 1 J321 mi May 9 (In millions of dollars) Bills discounted 6 Bills bought 5 U. S. (Jovernment securities 2,430 Industrial advances (not including IS million commitments - May S) 2b Other Be serve bank credit -1 +I4 TOTAL RESERVE BAKK CKSDIT Monetary gold stock Treasury and national bank currency 2,466 8,728' 2,536 +3 +7 -7 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmember deposits and other F.R.accounts 5,^96 ^»75£ 2,938 538 +7 +37 J40 ^i ~2 4-26 ~lg +972 4-156 +1 080 ll.60 +46 Released for publication Friday morning, May 10f1935» earlier. B-SOla ASSETS AKD LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) May 8, 1935 May 1, 1935 May 9, 193^, 5,765,819 20,061 237,661 6,023,5^1 5,750,844 20,522 244,515 6,015,881 4,585,034 3p,631 234.299 4,849,964 5,791 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. R. bank 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.S. Gov eminent securities . . — 2,639 , 3,321 5,960 4,69s 26,410 3,074 3,304 6,373 4,696 26,444 322,337 1,5^3,136 564,772 2,U30,2U5 "•321,239 •1.530,779 "-577,857 2,430,475 , 6,277 30,297 36,574 6,656 — 2,467,993 702 18,982 541,743 49,616 40.274 407,860 1,237,089 786,869 2,431,818 747 2,475,795 3,13^ 16,260 406,394 52,569 184.880 9,135,191 7,99^,787 3,160,066 3,161,879 3,059,927 66,252 4,757,60$ 50,969 15.470 261,866 5,085,913 * 448,01b . . 146,669 144,3:93 .. 19,939 30,808 10.524 4,721,320 76,209 15,373 260,677 5,073,584 547,076 146,666 144,893 19,209 30,806 11.078 3,677,863 60,115 6,915 249,983 3,994,876 401,661 146,279 138,383 9,046,828 9,135,191 7,99^,787 Other securities . . . . Total bills and securities . . . . . ___ — 2,467,313 699 F. R. notes of other banks . . . . . . . * 17,147 446,015 Uncollected items 49,634 Bank premises ...... All other assets . 42,479 TOTAL ASSETS 9,046,828 — 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 deDOsits Total deposits . . . Deferred availability items . Capital paid in . . . . . . . . . . . Surplus (Section j) 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 f . . . . . . 73.0$ 16 20 Commitments to make industrial advances 18,040 17,051 . 73.0$ •Revised figures. . 22,531 164.878 68.7$ 4,002 — ASSETS AKD LIABILITIES OF THE FEDERAL RESERVE BAMS ON MAY 8, 1935 (In thousands of dollars) A S S E T S Total Boston Hew York Phila. Cleve. Rich. Atlanta B-SOlb Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 5,765,819 409,223 2,125,695 282,898 1+1*5,038 186,256 117,93^ 1,290,581 152,615 l4l,438 201,095 88,668 324,378 Hedeaption fund - F. R. notes 20,06l 2,06s 1,051 1,627 1,648 l,6l4 3,467 2,516 1,3-12 656 822 374 2,906 Other cash 237,661 25,937 67,332 3*+,3l6 9,706 11,511 13,091 24,966 11,574 11,8§2 10,034 5,303 11,999 Total reserves, 6,023,541 4^7,228 2,194,078 318,841 456,392 199.381 134,492 1,318,063 165,501 153,98b 211,951 Bills discounted: Secured by U.S.Gov't. obligations, — direct and/or fully guaranteed 2,639 109 1,406 4 212 50 330 30 99 29 * « * . 44 Other bills discounted — 102 158 3,321 11 176 2,396 5 77 Total bills discounted 5,960 211 4i 498 256 3,802 4 106 50 275 5 Bills bought in open market 4,698 346 446 174 169 1,807 81 475 557 127 65 Industrial advances 26,410 2,154 2,017 2,186 6,165 3,447 1,31s ^,033 1,124 962 533 U. S. Government securities: Bonds 41,434 12,786 14,544 12,849 322,337 19,33^ 110,080 21,091 25,290 13,482 11,196 Treasury notes 1,543,136 100,517 468,911 106,575 136,403 72,716 60,323 255,239 69,462 40,890 68,294 Certificates and bills 564,772 37,827 155,327 33,m 51,332 - 21,365 22,701 52,520. 25,952 15,194 25.701 Total U.S.Govt, securities 2,430,245 157,678 744,318 167,120 213,025 113,563 94,220 389,843 108,200 70,628 106,844 Total bills and securities Due from foreign banks P. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 2,467,313 160,389 699 17.147 446,015 49,634 42,479 53 » 47,694 3,168 618 95.788 392,591 108,818 26 25 1,709 1,234 105,768 35,192 39,6b7 39,054 12,849 11,724 ^,595 6,629 3,028 2,325 2,5^0 1,246 28,707 4,403 1,713 85 5 2,087 1,533 67,607 20,637 2,628 4,955 246 737 756,092 171,5^0 214,830 118,026 276 4,494 72 • 409 67 667 72,760 108,039 4 ,727 12,434 1,580 625 19 1,101 27,582 3,448 254 94,345 339,283 220 282 502 122 1,786 150 60 210 329 685 17,299 22,952 39,363 123,793 14,813 46.586 71,475 193,331 73,885 19^,555 18 306 15,613 49 2,524 21,918 S83 507 .1,685 3,869 9,046,828 649,506 3,101,139 535,052 720,792 362,470 248,426 1,786,125 299,36s 242,116 352,394 186,735 562,705 ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS OK MAT S, 1935 (In thousands of dollars) L I A B I L I T I E S Total Boston Kew York Phila. Cleve. Rich. Atlanta 3,160,066 261,200 647,252 234,497 314,556 14S.977 126,554 F.R.notes in actual circulation Deposits: Member bank - reserve account 4,757,608 305,553 2,003,074 220,905 325,693 155,018 89,16s U.S.Treasurer - General account 50,969 20,880 2,069 1,882 2,129 2,461 3,682 15,U70 Foreign bank 5,741 570 554 1,524 1,10S 1,463 261,S66 Other deposits 189,642 4,156 5,663 2,799 3,999 3,791 Total deposits 5,025,913 314,785 2,219,337 233,557 334,629 161,813 94,403 448,016 4s,643 Deferred availability items 106,516 32,916 ^9,606 37,301 i3,sso 145,669 10,763 Capital paid in 4,^7 5,035 59.375 15,132 13,126 144,893 Surplus (Section 7) 5,540 49,964 13,470 14,371 5,186 9,902 Surplus (Section 13 b) 19,939 1,007 754 2,501 6,064 2,09s 2,165 Reserve for contingencies 2,600 l , 4 i 6 30,808 l,64s 2,936 3,000 7,500 All other liabilities 241 24s 4oo 386 10,524 497 5,125 TOTAL LIABILITIES Chicago St .Louis Minn. Kans.Cv, Dallas San Fran. 787,923 139,030 105,288 120,814 47,958 225,951 875,965 111,95b 103,728 3,957 4,105 2,535 462 369 1,786 6,259 12,314 8,340 887,967 128,837 114,972 67,11s 21,041 12,Sd8 3.999 3,127 12,779 21,350 4,655 3.420 547 1,003 1,391 S91 1,211 5.325 368 2,212 227 9,046,828 649,506 3,101,139 535,052 7.20,792 362,470 248,426 1,786,125 299,368 242,116 Ratio of total reserves to deposit and F.R.note liabilities combined 73.0 Contingent liability on bills purchased for foreign correspondents 16 Commitiaents to make industrial advances 18,040 75.9 76.5 68.1 70.3 1 3 2 2,657 7,346 50s 64.2 1 1,467 60.9 1 1,339 B-SOlc 61.8 78.6 1 2 725 501 69.9 1 1,254 189,016 107*779 4,510 1,057 415 4oo 1,686 1,857 195,^27 111,093 26,494 17,360 4,031 4,031 3,777 3,613 775 939 817 1,363 223 214 269,753 1,702 1,07s 16,360 288,893 24,273 10,824 9,645 695 2,O4I 3*3 352,394 136,735 562,705 67.0 59.3 1 i 76 384 l 160 65.9 l 1,623 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought in open market Industrial advances U. S. Government securities 5,960 4,698 26,410 2,430,245 Within 15 days 3.S51 403 1,31S 48,881 l6 to 30 days 621 m 292 40,903 31 to 60 days 997 257 337 220,087 bl to 90 days 290 91 d«ys to 6 months 170 31 2,421 179,797 21,764 1,751,517 3,594 278 189,060 Over 6 months FEDERAL RESERVE NOTE STATEMENT ON MAY 8, 1935 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta B-SOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F.B.Agent 3,421,419 277,248 Held by Federal Reserve banlc 2ol,353 l6,04s 7^2,045 ?4g,525 328,164 I59,324 144,658 94,787 14,028 13,608 10,3^7 1S.,104 818,707 145,165 109,19^ 12S.91*! 53.^6 265,962 30,724 6,135 3,.306 8,127 5.528 40,011 3,160,066 261,200 647,25s 2 3 M 9 7 314,556 148,977 126,554 787,983 139,030 105,288 120,814 788,706 227,000 318,715 134,3^0 827,346 109,632 107,500 125,000 4 84 6 50 la actual circulation 47,958 225,951 Collateral held by agent as security for notes issued to ll ank: Gold certificates on xiand and due from U.S.Treasury Eligible paper U. S. Govt, securities Total collateral 3,286,979 301,617 4,390 225,000 211 — 3.516,369 301,828 2,303 — 498 41 233 82,685 267 22,000 10,000 25,000 65,000 791,009 249,498 328,756 159,573 147,952 — 37,000 3,000 51,175 213,263 191 502 5,000 3,000 55,000 827,352 146,636 110,550 130,084 5^,677 268,454
@FedFRASER