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STATEMENT FOR THE PRESS Released for publication Friday morning, Nov. 8; not earlier. Board of Governors of the Federal Reserve System November 7» 1935 CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended November 6, as reported "by the Federal Reserve "banks, m s $2,^82,000,000, an increase of $5,000,000 compared with the preceding weak and $25,000,000 compared with the corresponding week in 193^. On November 6 total Reserve "bank credit amounted to $2,^62,000,000, a decrease of $12,000,000 for the week. This decrease corresponds with decreases of $10,000,000 in Treasury cash and deposits with Federal Reserve hanks and $60,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $28,000,000 in monetary gold stock, offset in part by increases of $68,000,000 in money in circulation, and $18,000,000 in member bank reserve balances. Member bank reserve balancos on November 6 wore estimated to be approximately $2,990,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of 000,000 in holdings of United States Treasury notes was offset by a decrease of $^,000,000 in 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 6, 193 5» were as follows: Increase of decrease since Nov. 6 Oct. 30 Nov. 7 1935 1935 193^ (In millions of dollars) 6 1 Bills discounted Bills bought U. S. Government securities Industrial advances (not including 27 million commitments - November 6) Other Reserve bank credit 7 5 2,^30 -12 ~ 12 + U TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and national bank currency 2,U62 - 12 + 28 + 22 +1, 706 - hi + 68 + 18 +251 +1,639 - 10 -289 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R. banks Nonmember deposits and other F.R. accounts + 1 + 26 33 2,U01 -60 + 8k 3-SOla Released for publication Friday morning, November 8*1935; n o t earlier, ASSETS AMD LIABILITIES OF THE HELVE FEDERAL RESERVE BA1JKS COMB IKED (In thousands of dollars) Hoy. 6.1935 Oct. 30,1935 Hqv. 7» ^ ASSETS Gold certificates on liand and due from U* S f Treasury Redemption fund - F. R. notes • . Other cash . • • * « . . . » • • • Total reserves Redemption fund - F. R. bank notes Bills discounted: Secured by UJB .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. Government securities Other securities • • . . • • • • Total bills and securities Due from foreign banks . . F. R. notes of other banks Uncollected items .... Bank premises . All other assets . . . . . TOTAL ASSETS 7,063,156 19,370 223.63*+ 7,306,160 7,026,623 4,99^,077 19,727 , 273,953 7,285,303 5,232,016 21,296 212,643, 2,204 — 5,495 3,773 3,028 6,301 2,999 7,129 6,128 12,916 4,676 32,677 4,676 32,719 6,073 6,617 238,923 1,635,087 556,162 2,430,172 181 395,589 1,411,717 2,473,876 64l 21,447 2,455,792 235,447 1,638,588 556.162 2,430,197 181 2, 474,532 64i 21,829 ^77,338 7,421 622,886 2,430,192 819 41,177. 10,371,806 41.932 19,53S 404,194 53,084 48,381 10,381,304 8,216,034 3,563,254 3,511,319 3,139,172 28,313 5,652,989 60,279 25,402 270,744 6,009,4i4 4,031,551 508,913 130,356 144,893 23,457 420,865 146,777 . 22,254 10,381,304 32,021 50,169 507,936 50,169 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 j) . . . , Surplus (Section 13 b) . . , Reserve for contingencies < All other liabilities • . , TOTAL LIABILITY , —- 5,671,235 59,719 22,501 213.724 5,967,179 490,231 130,364 l44, 893 23,457 30,699 21.729 10,371,806 Ratio of total reserves to deposit and F. R. note liabilities combined . . 4 Contingent liability on bills purchased for foreign correspondents . 76.7$ Conmitments to make industrial advances 27,336 — 30,698 76.5$ — 33,049 9,074 163.05s 4,236,732 13s,3S3 1,480 22,291 8,216,034 70.5$ 390 "27,057 •Revised 3,822 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAUKS ON NOVEMBER 6, I935 (in thousands of dollars) . _ ASSETS Total Boston New York Phi la. Cleve. Rich. Atlanta Gold certificates on hand and due fromU. S. Treasury 7,063,156 Redemption fund - F.R. notes 19,370 other cash 223,63*+ Total reserves 7,3o6,l6o Bills discounted: Secured by U.S.Govt, obligations, direct and/or fully guaranteed 3,773 Other bills disco\mted 3,028 Total bills discounted 6,801 Bills bought in open market 4,676 Industrial advances 32,677 U. S. Government securities: Bonds 235,447 Treasury notes 1,638,588 Certificates and bills 556,162 Total U. S.Govt. securities Other securities Total bills and securities Due from foreign banks F. R. notes of other franks Uncollected items Bank premises All other assets TOTAL ASSETS Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. 454,5l4 2,944,827 359,954 493,467 232,425 163,937 1,335,184 219,201 1*6,623 192,582 1 1 2 , l 4 l 411,301 3,258 1,710 1,498 1,388 1,734 2,673 876 896 390 929 733 3,285 32,037 46,526 28,719 13,214 10,756 9,137 28,723 12,112 9,954 14,213 6,369 11,874 489,809 2,993,063 390,171 508,069 244,915 175,747 1,364,783 232,209 1 5 3 , 9 6 7 207,724 119,2^3 426,460 282 9 2, 34O 2,049 291 4,S89 345 2,904 1,799 7,618 l4,425 108,478 34,773 2,430,197 157,676 181 B-SOlb — 2,474,532 161,216 64i 48 394 21,829 477,338 51,111 50,169 3,168 534 41,137 246 20 19 47 39 444 1,761 47 173 4,445 76,148 16,348 19,070 486,203 122,288 150,660 179,466 38,484 48,295 10,209 — 246 474 6,949 60 168 1,059 80,653 25,854 8,240 65,101 20,868 741,817 177,120 218,025 1 1 6 , 7 1 6 94,209 — — — — 756,123 184,789 220,269 :121,381 24 256 66 61 2,477 6,591 773 1,125 103,093 33,57? 43,459 46,161 4,754 3,028 6,632 12,077 3,944 1,548 29,559 1,095 4o 50 10 — 95,496 23 1,379 17,107 2,331 1,529 — 4 5 68 117 794 67 122 12 4 73 64 1,798 911 126 1,138 67 122 1,813 134 327 859 — 4o 555 1,927 79 4o6 9,420 74,923 86,432 23,857 355,689 108,200 25,623 243,634 — — 358,211 108,689 4 78 3,037 989 67,643 23,159 2,628 4,967 564 264 12,982 9,514 47,53? 73,703 15,074 23,627 16,033 17,435 47,664 :137,742 15,278 44,154 75,595 106,844 181 — 78,975 :199,331 77r530 109,200 80,977 i200,651 16 45 2,233 313 19,390 25,839 1,686 3,869 422 952 3 1,050 15,218 1,580 449 17 1,46s 31,579 3,449 277 — — 1 0 , 3 7 1 , 8 0 6 706,280 3 , 9 0 0 , 7 6 2 618,076 781,163 4i9,061 293,612 1,799,283 367,942 249,797 353,714 222,577 659,519 ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BASKS Oil NOVEMBER 6, 1935 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston New York Fhila. Cleve. Rich. Atlanta F.R.notes in actual circulation 3,563,254 304,290 769,739 261,351 335,701 181,480 151,194 Deposits: Member bank - reserve account 5,671,235 321,000 2,691,64s 273,956 363,766 172,188 107,582 U.S.Treasurer - General account 59,719 1,752 33,106 1,526 2,716 2,878 989 Foreign bank 22,501 1,623 2,258 811 2,141 2,231 334 Other deposits 150.051 12,267 2.183 A. 757 Total deposits 5,967,179 328,337 2,883,063 2S9,9SO 370,806 177,657 112,644 Deferred availability items 490,231 49,495 1 1 6 , 6 4 4 3 5 , 4 7 2 43,463 45,128 16,487 Capital paid in 130,364 9,437 50,9S6 1 2 , 2 9 8 12,297 4,591 4,170 Surplus (Section f) 144,893 9,902 49,964 13,470 14,371 5,186 5,540 Surplus (Section 13 b) 23,457 2,874 7,250 2,098 1,007 3,335 754 Reserve for contingencies 30,699 1,648 7,500 2,995 3,000 l,4n 2,516 All other liabilities 21,729 297 15,616 4i2 51S 293 307 TOTAL LIABILITIES Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. 819,136 152,981 108,032 136,685 69,969 272,696 856,451 170,434 109,948 173,441 112,44l 318,380 7,486 1,633 1,961 l,4s6 1,176 3,010 2,614 676 541 60S „ 586 1,57s 3.705 8.238 5,853 1.357 6 f % 2 I4,%7 870,256 180,981 1 1 8 , 3 0 3 176,892 120,795 337,465 14,634 30,301 2 1 , 3 7 0 26,223 67,301 23,713 11,994 3,732 3,003 3.S73 3,787 1 0 , 1 9 6 21,350 4,655 3,420 3,613 3,777 9,645 1,391 547 1,003 1,142 1,252 804 5,325 891 1,169 835 1,363 2,046 2,530 442 233 373 264 444 1 0 , 3 7 1 , S 0 6 706,280. 3 , 9 0 0 , 7 6 2 6 I S , 0 7 6 7 S 1 , I 6 3 4 I 9 , 0 8 1 293,612 1,799,233 367,942 249,797 353,714 222,577 659,519 Ratio tof total reserves to deposit and F.R.note liabilities combined 76.7 Commitments to make industrial advances 27,336 77.4 81,9 3,331 9,513 70.8 71.9 905 1,805 6 8.2 66.6 1,866 495 80.8 524 69.5 2,337 68.0 66.2 i*+2 1,303 62.5 599 69.9 4,516 MATURITY DISTRIBUTION OF BILLS AtTD SECURITIES Bills discounted 3ills bought in open market Industrial advances U.S. Government securities Other securities Total Within 15 days 6,801 4,374 4,676 32,677 2,430,197 181 156 1,566 22,760 l6 to 30 days 31 to 60 days 6l to 90 days 553 853 .407 370 32,550 690 145,360 194 3*391 937 50,495 722 91 days to 6 months Over 6 months 207 620 2,123 26,991 1,774,434 4o4,598 181 FEDERAL RESERVE 1T0TE STATEMENT OH NOVEMBER 6, 1935 (In thousands of dollars) B-SOld Total Boston Hew York Phi la. Clevo. Federal Reserve notes: Issued to F.R.bank by F.R.Agent 3,846,465 336,462 Held by Federal Reserve bank 283,211 32,173 In actual circulation Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 273,539 272,343 349,974 191,916 170,093 103,800 10,997 14,273 10,436 13,299 350,115 159,993 112,091 145,226 30,979 7,012 4,059 3,5^1 76,754 302,943 6,735 30,252 3,563,25^ 304,290 769,739 2 6 1 , 3 5 1 3 3 5 , 7 0 1 101,480 151,194 8 1 9 , 1 3 6 152,931 103,032 136,685 69,969 272,696 3,747,513 341,617 5,244 291 129,500 — 383,706 273,000 350,44o 172,000 1 2 0 , 6 2 5 246 60 3,333 47 39 — — — 20,000 52,000 861,000 154,632 110,500 131,000 4 71 909 39 6,000 2,000 15,000 — 72, 675 276,263 66 134 4,500 30,000 887,044 273,246 350,479 192,047 172,745 361,039 160,636 112,571 146,909 77,241 306,397 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 3,332,262 3^1,903
@FedFRASER