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STATEMENT FOR THE PBESS Released for publication Friday morning, Nov. 22; not e a r l i e r . Board of Governors of the Federal Reserve System November 21, 1935• CONDITIO!! OF FEDERAL RESERVE 3ANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended November 20, ag reported by the Federal Reserve banks, was $2,^91,000,000, an increase of $7,000,000 compared with the preceding week and of $14,000,000 compared with the corresponding week in 193^* On November 20 total Reserve bank credit amounted to $2,^711000,000, a decrease of $21,000,000 for the week. This decrease corresponds with a decrease of $7,000 ,000 in money in circulation and increases of $57»000,000 in monetary gold stock and $10,000,000 in Treasury and national bank currency, o f f s e t in part by an increase of $36,000,000 in member bank reserve balances, $7*000,000 in Treasury cash and deposits with Federal Reserve banks and $9,000,000 in noximember deposits and other Federal Reserve accounts. Member bank reserve balances on November 20 were estimated to be approximately $3,070,000,000 in excess of legal requirements. Holdings of b i l l s discounted declined $U,000,000, while r e l a t i v e l y small changes were reported in holdings of purchased b i l l s and industrial advances. Increases of $2,000,000 each in holdings of United States Treasury notes and Treasury b i l l s were o f f s e t by a decrease of 000,000 in holdings of United States bonds. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended November 20, 19351 w e r o follows: Increase or decrease since Nov. 20 Ifffi Nov. 13 Nov. 21 193^ (in millions of dollars) B i l l s discounted 5 B i l l s bought 5 U. S. Government securities 2,430 Industrial advances (not including 27 million commitments - IToveriber 20 ) 33 Other fie serve bank credit -2 —« — —— -IS T0TA.L RESERVE BA2TIC CREDIT Monetary gold stock Treasury and national bank currency 9,so4 +57 2,409 +10 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks ITonmember deposits and other P. R. accounts 5,739 5,782 2,64s 515 -7 +36 +7 2,471 -16 -1 -21 +9 +24 -6 +1 +1.728 -50 +284 +1,5S6 -308 +117 Released for publication Friday morning, November 22|1935; earlier. B-SOla ASSETS AHD LIABILITIES OP THE TWELVE FEDERAL RESERVE BAIU'S CO!© HIED (In thousands of dollars) ITov. 20,1935 Sfov. 13.1935 Ho v . 21.1934 A S S E T S Gold c e r t i f i c a t e s on hand and due from U, S. Treasury Redemption fund - E, E» notos Other cash Total reserves . . 7»l6l,SUS 18,59^ 21+2,110 7,^22,356 7,124,156 IS,595 234.585 7,377,33° — — 2,500 2.922 5,569 3,1+97 6,044 15.018 Total b i l l s discounted 5,422 9,066 21,062 B i l l s bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes C e r t i f i c a t e s and b i l l s 4,674 32,562 ^,677 32,689 5,685 8,673 225,753 1,'-'46,009 558,482 230,001 1,644,009 556.162 395,550 1,410,229 624,368 2,430,244 2,430,172 2,430,147 181 181 2,1*73,083 2,476,785 2,465,567 645 23,945 599,082 50,274 42,518 64l 22,139 696,940 50,220 42.057 800 25,055 486,032 53,162 49.760 10,611,903 10,666,118 8,397,927 3,570,4l6 — 3,562,087 — 3,157,686 27,769 5,781,61+2 50,1+58 29,396 232.11+2 5,745,948 77,772 26,131 222.758 4, 195,892 32,699 16,554 11+2.555 6,093,638 6,072,609 1+,387,700 Deferred a v a i l a b i l i t y items Capital paid in Surplus (Section j) Surplus (Section 13 b) Reserve for contingencies A l l other l i a b i l i t i e s 601,723 130,306 ll+l+,S93 23,1+57 30,700 16.770 682,195 130,363 144,893 23,1+57 *}0,6$S *19.815 1+82,899 ll+7,023 138,3^3 2,21+7 22,291 31.929 TOTAL LIABILITIES 10,611,903 10,666,118 8,397,927 Redemption fund ~ F. R. bank notes . . . B i l l s discounted: Secured by U.S.Gov't obligations,direct and/or f u l l y guaranteed Other b i l l s discounted Total U.S. Government securities . Other securities Total b i l l s and securities . . . . Dae from foreign banks F. R. notes of other banks Uncollected items . . Bank premises A l l other assets . T o m ASSETS 5,055,529 19,S37 240.299 5,315,6°5 l,SSo —• 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 Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . . Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents . Commitments to make industrial advances • 76.8$ 76.6$ — — 27,01+6 27,373 •Revised. 70.1+$ 295 5,063 ASSETS JOSD LIABILITIES OP THE FEDERAL RESERVE BAHKS OS IJOVEMBER 20, 1935 (In thousands of dollars) B-SOlb ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold c e r t i f i c a t e s on hand and due from U. S. Treasury 7,l6l,61+8 1+58,926 3,003,S88 362,0>+l 1+95,1+1+6 233,076 166,527 1,366,633 21$,4-20 1^2,^30 192,285 117,006 l+0U,270 Redemption fund - F. R. notes 18,598 3,215 1,%6 l,l+l6 1,275 1,383 3.031 776 860 2fS 909 721 3,260 Other cash 21+2,110 33,875 53,713 30,81+1+ lU,S6^ 11,416 10,101+ 29,621 12,959 8,902 lU,575 6,589 1^,6^8 Total reserves 7,1+22,356 1+96,016 3,05S,777 39^,301 511,585 2^5,875 179,662 1,397,030 233.239 151,60s 207,769 12^,316 1+22,178 B i l l s discounted: Secured by U.S.Govt, obligations, — 18 direct and/or f u l l y guaranteed 2,500 239 50 30 1,669 72 5 — 55 323 30 16 Other b i l l s discounted 1 23 1 + 12 2,922 16 697 30 65 3 27 1»99 + ,39 Total b i l l s discounted 5^22 255 3.663 353 B i l l s bo-ught in open market Industrial advances U. S, Government securities: Bonds Treasury notes C e r t i f i c a t e s and b i l l s ^,671+ 32,562 3U5 2,990 1,797 7,672 1+71+ 6,917 Total u.s.Govt. securities Other securities Total b i l l s and securities Due from foreign banks R. notes of other banks Uncollected items Bank premises A l l other assets TOTAL ASSETS 76 77 1+2 21 70 736 30 71 , f73 1+,1+10 168 996 555 M53 J9 1+03 61+ 1,73S 126 1,132 122 1,802 327 863 9,1+20 13.036 7*+, 923 ^7,533 23,857 15,07!+ 9,51^ 73,703 23,627 16,033 17,5+35 1+7,661+ 137.7^2 15,27s i+i+,i5l+ 75,61+8 106,31+1+ 78,975 199,331 28 1+1+1+ 1,786 225,753 Xl+,1+20 1,61+6,009 108,1+78 55s,1+82 3^,773 66,1+06 16,31+8 19,069 >+93,625 122,2S8 150,660 181,786 38,1+84 1+8,295 10,209 80,653 25.85*+ S,2l+0 65,101 20,o6S 25,623 21+3,63^ 86,1+32 2,1+30,21+1+ 157,671 71+1,817 177,120 218,021+ I i 6 , 7 i 6 9^,209 355,689 108,200 181 — 2,1+73.083 161,261 61+5 23.9*+5 599.082 50,271+ 1+2,518 1+8 .1+06 61,297 3,168 531 —. _ — — 75*+.9*+9 18l+,S61+ 220,282 121,375 260 7.663 11+7,8^ 12,131 30,936 66 1,010 1+6,788 1+.805 3,951 61 1,51+0 62,829 6,632 1,517 — 95,1+50 2*+ 23 1,318 3,7^ 52,570 20,168 3,028 2,331 1.532 1,077 — — 358,139 108,703 78 2,135 76,252 I+,967 629 — 181 77,520 109,019 1+ 3 901 1,373 25,263 18,369 1,580 2,628 1+57 271 17 1,707 35,218 3,1+1+9 291 — 80,929 16 31+2 21,997 1,686 929 1,806 30,1+62 3,869 397 10,611,903 722,727 u,012,585 635,735 SOU,1+1+6 1+27,693 300,1+81+ 1,839,230 371,^si 250,1+38 357,^70 230,215 659,3^9 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS OH NOVEMBER 20, 1935 (In thousands of dollars) L I A B I L I T I E S Total F.R.notes in actual circulation Deposits: Member bank - reserve account TJ.S.Treasurer - General account Foreign bank Other deposits Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus (Section j ) Surplus (Section 1 3 b ) Reserve for contingencies A l l other l i a b i l i t i e s Boston Hew York 3,570,416 306,729 Phila. CI eve. Rich. Atlanta 762,900 262,750 336,884 1SU,731 151,216 Chicago St.Loiiis B-SOlc Minn. Kans.Cy. Dallas San Fran. 822,629 153,8^9 107,813 137,280 70,811 272,824 5,721,61+2 323,053 2,779,271 273,113 362,15s 169,454 111,SOU 50,458 2,35^ 19,396 3,110 6,085 ^,092 1,076 29,396 2,17s 10,282 2,99^ 2,873 1,119 1,089 232,142 2,770 l6S,006 18,062 2,44l 2,438 2,796 801,467 171,168 106,982 171,63s 117,67^ 313,260 5,278 l,24l 2,254 2,133 1,7^0 1,699 3,50s 907 726 817 786 2,117 3,167 7,847 5,56s 1,307 3,107 14,633 6,r093,638 330,355 2,977,555 297,279 373,557 177,103 :116,765 601,723 61,1+62 11+5,91+7 Ul+,503 62,715 51,017 19,223 130,306 51,006 12,228 12,297 4,172 i+,59l 9,^37 5,186 li+i+,893 5,540 9,902 1+9,961+ 13,1+70 1^,371 1,007 2,098 2,871+ 7,250 23,^57 75H 3,335 30,700 3,000 1,61+8 1,1+11 7,500 2,516 2,995 16.770 320 1+62 298 10,1+63 615 319 893,420 181,163 115,530 175,295 123,307 331,709 80,492 26,240 18,267 34.564 25,614 31,679 3,001 11,992 3,732 3,373 3,787 10,190 3,420 21,350 9,645 3,613 3,777 M55 so4 1,142 1,252 1,003 547 1.391 S36 S91 2,046 1,169 1,363 5,325 4o4 304 2,631 235 267 452 10,,611,903 722,727 4,012,585 635,725 S0l+, 1+1+6 1+27,693:300,484 ]-.839,230 371,^81 250*438 357,^70 230,215 659,349 TOTiL LIABILITIES Ratio of total reserves to deposit and F.R.note l i a b i l i t i e s combined Commitments to make industrial advances 76.8 77.9 27,01+6 3,221+ 81.8 9,1+91 70.1+ S7U 72.0 1,821 68.0 67.0 2,052 48 81.4 524 69^6 2,320 64.0 66.3 67.9 i4o 1,303 596 69.8 4,653 MATURITY DISTSIBUTIOIT OF BILLS AHD SECURITIES Total B i l l s discounted B i l l s bought in open market Industrial advances U»S. Government securities Other securities 5,U22 4,674 32,562 2-, 1+30,241+ 181 Within 15 days 3,566 l,52l+ 1,665 32,550 l 6 to 30 days 31 to 60 days 712 162 61+1+ 2,350 295 111,110 812 59,320 6l to 90 days 91 days to 6 months Over 6 months 275 705 ;.2 773 62,71+3 2,023 39^,386 26,991+ 1,770,135 156 181 FED3RA.Ii RESERVE ITOTE STZft-TEMEITT 0!I NOVEMBER 20, 1935 B-SOld (In -thousands of dollars) Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis llinn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F.R.Agent 3,374,197 339,070 Held by Federal Reserve bank 303,731 32,3^1 875,320 275,263 354,577 195.109 170,390 112,920 12,518 17.693 10,378 19.174 356,399 l6l,321 111,322 146,200 34,270 7,972 3,509 8,920 76,961 310,760 6,150 37*936 3,570,^16 306,729 762,900 262,750 336,334 134,731 151,216 822,629 153.849 107,813 137,230 70,311 272,324 3,779,3^3 341,617 3,832 243 125,900 333,706 277,000 356,440 176,000 125,635 72 2,190 344 IS 73 20,000 47,000 361,000 156,632 103,000 13^,000 66 731 30 13 4,4oo 15,000 — 6,000 74,000 236,263 27 3,500 30,000 3,909,125 3^1,365 335,896 2 7 7 , 3 ^ 356,45S 196,072 172,758 861,030 162,650 112,466 148,731 77,527 316,323 In actual circulation Collateral held "by agent as s e c u r i t y for notes issued to "bank;1 Gold c e r t i f i c a t e s on hand and due from U. S* Treasury i l i g i b l e paper S« Govt, securities Total c o l l a t e r a l
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