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STATEMMT FOR THE PRESS Released for publication Friday morning, Uov. 15; not earjier# Board of Governors of the Federal Reserve System November lU, 1935 CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended November 13, as reported by the Federal Reserve banks, was $2,^SU,000,000, an increase of $2,000,000 compared with the preceding week and of $15,000,000 compared with the corresponding week in 193^» On November 13 total Reserve bank credit amounted to $2,^92,000,000, an increase of $30,000,000. This increase corresponds with increases of $75,000,000 in member bank reserve balances and $10,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $2,000,000 in Treasury and national bank currency, offset in part by an increase of $33*000,000 in monetary gold stock and decreases of $1^,000,000 in Treasury cash and deposits with Federal Reserve banks and $S,000,000 in money in circulation. Member bank reserve balances on November 13 were estimated to be approximately $3,050,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances# An increase of $5,000,000 in holdings of United States Treasury notes was offset by a decrease of holdings of United States Treasury bonds. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended November 13, 1935s w e r e a s follows: Increase or decrease since Nov. 13 1935 Nov. 6 1935 Nov. 193U Ik (In millions of dollars) +2 Bills discounted Bills bought U. S. Government securities Industrial advances (not including 27 million commitments - ITovember 13) Other Reserve bank credit 9 5 2,^30 TOTAL BESERT® BAIK CREDIT Monetary gold stock Treasury and national bank currency 2,1+92 9,7^7 2,399 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks ITonmemher deposits and other F.R.accounts 5,7^6 5,7^6 -g 506 +10 33 16 2,SUl +28 +30 + 33 ~2 -16 -1 +25 •MO +1S +1,717 -51 +266 +1,639 -323 +103 Released, for publication Friday morning, November 15,1955* n o t earlier. B-801* ASSETS AMD LIABILITIES OF THE TWELVE FEDERAL EESEHVE BASKS COMBINED (In thousands of dollars) ITov. 13.1^35 Bbv. 6.1935 Ho v. l4, m k ASSETS Gold certificates on hant and due from XJ. S» Treasury Redemption fund - F. R. aotes * . Other cash . . . . . . . . . . . Total reserves ...... Redemption fund - F. R. bank motes Bills discounted: Secured by U.S.Gov't obligations,direct and/or fully guaranteed . . Other bills discounted . . . . . 4 4 Total bills discounted . . . t Bills bought in open market » * . * . Industrial advances . . . . . U. S. Government securities: Bonds » k .. Treasury notes * * » i . ; « I Certificates and bills 1 . 4 4 4 Tota.1 U.S. Government securities 7,063,156 19,370 223,634 7,377,336 7.306,160 5,569 3i%7 9*066 M77 35.6S9 .. Dae from foreign banks . . . . . . . . F. R. notes of other banks . . . . . Uncollected items Bank premises . . . . . . . . . . . . All other asset3 .......... T0IA.L ASSETS 3,773 3.028 6, SOI 4,676 32,677 235*^7 1*644,009 5564162 2,430,172 181 Other securities . . . i Total bills and securities 7,12l+:»156 IS,595 2,^76,785 64l 22,119 696,940 R0,220 , £2,057, 1*638,588 556.162 2,430,197 5,018,687 21,496 231.228 5,271,411 2,071 4,821 20.086 24*907 5,708 7,753 395*545 1,410,9^-2 621.687 2,430,174 181 2,474,532 2,468,542 64l 802 21,885 607,2Ul 53,084 21,829 477,33s 50,169 ^,131 10,666,118 10,371,806 8,474,177 3,562,087 3,563,25U 3,178,512 28,164 5,745,948 77,772 5,671,235 59,719 22,501 213,724 5,967,179 ^90,231 130,36^ 144,893 151,99 4,323,566 602,273 30,699 -_ 21,729 10,371,806 31.756 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 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 purclincdd for foreign correspondents . . . . . Commitments to make industrial advances 26,131 . 222,758 6,072,609 682,195 130,363 144,893 23,457 30,781 19 ,,731 10,566,118 76.6$ 23,457 76.7$ 4,106,927 53,180 11,46' 146,985 138,383 2,247 22,291 8,474,177 70.3$ 4oi 27.373 27,336 4,257 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 13, 1935 (In thousands of dollars) B-gOlb ASSETS Total Boston New York Phi la. Cleve. Gold certificates on hand and due from u. S. Treasury 7,124,156 Redemption fund - F. B. notes IS,595 Other cash 234,585 444,160 3.231 32,206 Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 232,267 171,9^7 1,371,537 224,277 145,096 196,36? 116,054 4l4,787 2,957.333 357,9^ 492,33^ 1,576 1,470 1,303 1,596 51,817 29,732 13.4l6 10.927 2,545 814 868 29,^0 12,736 479,597 280 914 9.1^7 1*M86 730 3,26g 6.782 l4.40R 154,523 211,669 123,566 Total reserves 7.377.336 3.010,781 389,142 507,053 244,790 134,031 l,4oi,84l 237,gS3 432,460 3ills discounted: Secured "by U.S.Govt, obligations, — — 4 direct and/or fully guaranteed ^,776 30 5,569 217 ^7 5 117 63 4 2,454 18 Other hills discounted 12 70 30 792 53 3,^97 17 3 Total "bills discounted 42 7.230 80 233 51 7 909 75 53 Bills bought in open market 345 64 444 126 122 173 79 555 M77 327 Industrial advances 7,6l4 6,915 1,790 4,442 1,051 4o6 1,793 1.139 1,811 32,689 2.995 864 U. S. Government securities: Bonds 70,726 16,348 8,241 9,420 12,957 9,51^ 16,033 17,^35 14,425 1,64^,009 103,478 65,101 243,634 7^,923 Treasury notes 73,703 47,664 137,7^2 Certificates and hills 179,466 38,484 20,368 25,854 15,074 86,432 23,857 48,295 23,627 15,278 44,154 3^,773 16 9,066 Total U.S.Govt, securities Other securities Total "bills and securities Due from foreign hanks F. E. notes of other "banks Uncollected items Bank premises All other assets TOTAL ASSETS 260 1,800 290 474 28 28 230,001 19,070 10,209 491,625 122,288 150,660 80,653 556,162 2,1+30,172 157,676 741,817 177,120 ;518,025 116,716 181 50 68 168 94,210 — 2,476,785 161,249 48 22,139 ^ 696,940 66,551 50,220 3,168 ^2,057 758,461 184,799 220,287 121,382 95,^97 66 61 24 23 6,364 904 1,346 3,026 67,923 60,200 24,503 171,177 3,028 2,331 30,419 4,039 1,563 1,091 1,524 256 51,036 12,077 4,805 6,632 1,230 1,869 25,623 47,538 355,689 108,200 75.569 106,844 78,975 199,331 __ 181 358,155 108,692 77,501 109,199 4 78 3 17 2,105 1,750 1,535 1,804 104,038 35,11^ 19,%o 1,580 4,967 457 585 80,961 16 264 200,602 4R I,4I4 34,705 36,571 25,632 2,628 3,449 1,686 3,869 25S 53^ 255 919 ^13 10,666,118 711,544 jS.989.535 634,791 804,865 ^33,5^1 • 309,139 11,371.769 386,329 255.089 362,964 233,044 673,508 3 9 7 ASSETS AHD LIABILITIES OF THE FEDERAL RESERVE BAMS OH NOVEMBER 13, 1935 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston Hew York Phila. Cleve, F.R.notes in actual circulation Deposits: Member tank - 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 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 3,562,027 305,304 759,447 263,15+2 339,712 122,125 151,069 220,323 153,^02 107,022 136,5^3 69,229 274,097 5,7^5,9^2 308,1+73 2,724,257 266,921+ 362,517 171,111+ ni+,722 291,129 175,178 113,291 177,596 112,511 322,110 77,772 2,160 1+6,236 4,075 1,211+ 3,601+ 1,506 10,1+23 2,790 632 731+ 692 3,01+6 3,052 789 632 702 621+ 1,21+2 26,131 1,295 9,503 2,605 2,500 974 9^7 3,037 2,611+ 5,61+6 1,609 6,oi+i ii+,76i 222,758 3,596 152,999 17,519 2,1+01+ 2,23s l+,29l+ 'c',932,995 291,123 369,235 177,930 121,535 6,072,609 316,121+ . 907,761 187,371 120,201 120,647 125,928 341,759 64,601 23,245 58,674 65,934 100,949 35,293 19,013 35,871 26,214 3^,^67 622,195 162,257 ^9,077 130,363 9,^37 50,994 12,300 12,297 4,592 4,169 11.989 3,732 3,001 3,873 3,737 10,192 li+i+,293 9,902 49,964 13,470 14,371 5,126 5,51+0 21,350 4,655 3,^20 3,613 3,777 9,645 2,092 204 7,250 754 547 1,003 1,142 1,252 1,007 3,335 23/457 2,874 1,391 2,o46 291 30,721 1,61+2 7,500 2,995 3,000 l,4n 2,510 917 1,363 5,325 1,169 13,128 526 294 492 636 228 2.621 432 260 Vi& 311 321 19,733 10,666,112 711,5^ 3,989,535 634,791 804,265 433,541 309,139 1,871,769 386,329 255,089 362,961+ 233,044 673,502 Ratio of total reserves to deposit and F.R.note liabilities combined Commitments to make industrial advances 76.6 27,373 77.2 3,229 70.2 71.5 S8.0 67.5 21.1 69.2 $2.0 66.7 63.I 70.2 903 1,220 1,262 1+93 52!+ 2,335 1^0 1,303 599 4,660 9,505 SI.5 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bo-ught in open market Industrial • advances U.S. Government securities Other securities Total Within 15 days 9,066 7,116 1+1 1,512 532 363 33,830 ^,677 32,629 2,1+30,172 121 761 23,360 16 to 30 days 31 to 60 days 21+7 1+03 7I+9 139,300 6l to 90 days 307 2,981 21+5 76,993 91 days to 6 months 746 2, l44 321,326 Over 6 months 9 27,076 1,775,303 121 FEDERA.L RESERVE NOTE STATEMENT OF NOVEMBER 13, 1935 B-SOld (In thousands of dollars) Total Boston Hew York Fhila. Cleve. Federal Reserve notes: Issued to F.R.bank by F.R.Agent 3,863,624 33^,998 Held by Federal Reserve bank 301,537 29,694 In actual circulation 3,562,087 305,304 Rich. Atlanta 873,^53 275,035 355,3^7 193,052 170,735 114,011 11,893 15,669 10,927 19,556 759,^7 263,142 339,718 182,125 151,069 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 855,169 lbl,S49 111,413 144,511 34,786 8,44l 4,391 7,968 820,383 153,408 107,022 136,5^3 77,002 311,015 7,173 36,918 69,829 274,097 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. Govt, securities Total collateral 883,706 275,000 355,440 174,000 120,685 861,000 159,632 110,500 131,000 75,000 286,263 5,744 280 18 47 64 904 30 3 226 73 51 71 124,500 52,000 3,000 2,000 15,000 2,500 30,000 20,000 3,905,854 3^1,8^3 889,450 275,280 355,^58 194,047 172,7^9 861,030 162,635 112,571 146,904 77,551 316,336 3,773,843 3^1,617 7,5H
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