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STATEMENT EOR THE PRESS Board of Governors of the Federal Reserve System October 1, 1936 Released for publication Friday morning, Oct. 2; not earlier. C0HDITI01T OF FEDERAL RESERVE BASKS The daily average volumea of Federal Reserve bank credit outstanding during the week ended September 30* s reported 'by the Federal Reserve banks, was $2,^75,000,000, a decrease of 000,000 compared with the preceding we el? and of $5,000,000 compared with the corresponding week in 1935* 1 On September 30 total Reserve bank credit amounted to $2, 473,000,000, unchanged from the preceding week. Increases of $132,000,000 in member bank reserve balances and $27,000,000 in money in circulation were offset by decreases of $76,000,000 in Treasury cash and deposits with Federal Reserve banks and $22,000,000 in nonmember deposits and other Federal Reserve accounts, and increases of $59*000,000 in monetary gold stock and $2,000,000 in Treasury currency. Member bank reserve balances on September 30 were estimated to be approximately $1,3^0,000,000 in excess of legal requirements. Relatively small changes were reported in the System*s holdings of bills discounted, purchased bills, industrial advances and United States Government securities* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 30, I93S, were as follows; Increase or decrease since Sept. 30 , SeDt. 23 1936 , Oct. 2 1935 (In millions of dollars) Bills discounted Bills bought U . S. Government securities Industrial advances (not including 23 million commitments - September 30) Other Reserve bank credit TOTAL RESERVE BAJJK CREDIT Monetary gold stock Treasury currency Money in circulation Member bank reserve balances Treasury cash and deposits with p . R.banks Uonmernbor deposits and other F P R . accounts 5 3 2,^30 +2 2S 2 -1 -2 -2 +S 2,^73 lo|gU5 2,511 „ +59 +2 +3 +1,^31 +112 6,266 6,357 711 ky6 +27 +132 -76 -22 +57S +1»133 ll03 ~6l (B-S01) Released for publication Friday morning, October 2,1936; not earlier* B-SOla ASSETS A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE B A M S COMBINED (in thousands of dollars) Sept. 30,1936 Sept. 23,193.6 Oct. 2, 1935 S,3SU,bS3 12,423 261,445 2, 324, 679 6,634,653 A S S E T S Gold certificates on hand and due from U . S. Treasury . . . . . . . Redemption fund - I . R . notes . • Other cash Total reserves . . . . Bills discounted: Secured by U.S.Gov*t obligations, direct or fully guaranteed . Other bills discounted # . # Total bills discounted , . . Bills bought in open market Industrial advances . . . . . U . S. Government securities: Bonds . Treasury notes Treasury bills Total U.S. Government securities Total bills and securities . . Due from foreign "banks F . R . notes of other banks . . . . Uncollected items . • . . . . . . Baric premises . . . All other assets TOTAL ASSETS 12,S50 2,664,522 19,660 206.946 6,261,259 21393 ii55S 9,^51 3,226 23,lU5 23,550 373,077 1,443,363 -39**1*1 1,443,363 608,787 1,679,569 2,430,227 2,1+30,227 2,430,212 2,470,921 217 2,462,906 2,U75,U60 63S 22,564 622,573 43,060 572,531 Us,059 5^2,725 50,074 32,420 '42,1+92 11,262,20U ll,22o,Ol4 9,995,212 i+,oi+9,ii+3 4,033,21+9 3,421,907 6,356,952 252,737 51,950 6,224,61+0 5,223,616 322,351 90,24i 3,093 22,640 _JSjl212 7,031 3,09s 372,077 217 27,293 5,311 5,178 10,429 4, 629 30,070 232,962 511,621 L I A B I L I T I E S R . notes in actual circulation # Deposits: Member bank - reserve account # * , U .S.Treasurer - General account . # Foreign bank . , # Other deposits . . . . . Total deposits Deferred availability items . . . . Capitaljpaid in . . . . # . . . # # # Surplus (Section 7 ) . . . . . . . . Surplus (Section 1 3 b ) . . . . . . Reserve for contingencies . . . . . All other liabilities TOTAL LIABILITIES 6,21+3,512 620,360 130,162 11+5,501 27,02s 190,26s 6,262,121 574,752 130,163 145,501 34,21+1 12,197 27,022 34,241 12,293 11,262,204 11,226,014 Hatio of total reserves to deposit and F . 3 . note liabilities combined . 13.5fo Commitments to make industrial advances 23,307 64,2o2 14,627 291,675 5,620,219 549,267 130,522 144,293 23,^57 30,694 13,^3 9,995,212 7 5 * 23,397 26,74s ASSETS AND LIABILITIES 0? TEE FEDERAL RESERVE 3A1TKS 0!T SEPTEMBER 30, 1936 (in thousands of dollars) B-S01b A S S E T S Total Boston ITew York Phi la. Clove. Rich. Atlanta Chicago St.Louis Minn. KaJis.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 8,384,683 522,782 3,119,993 47S,983 626,789 301,620 232,4S4 1,703,325 242,950 164,454 242,525 163,114 585,659 Redemption fund - E . R . notes 12,428 1,834 1,084 64l 615 570 2,728 670 757 560 835 313 1,821 Other cash 261,445 33,078 61,831 34,356 22,24l 14,653 8,435 33,017 9,^37 6,725 14,187 7,713 15,772 Total reserves 8,658,556 557,694 3,182,913 513,980 649,645 316,843 243,647 1,737,012 253,144 171,739 257,547 171,l4o 603,252 Bills discounted: Secured by U.S.Gov't obligations 10 20 150 1 250 660 30 direct or fully guaranteed 1,695 27 2,893 210 10 42 4i ""46 12 6,55s 42 91 Other hills discounted 5,901 29 37 97 — — Total hills discounted Bills bought in open market Industrial advances U . S . Government securities: Bonds Treasury notes Treasury hills 9,451 3,09s 28,145 378,077 1,443,363 608,737 689 226 3,607 25,15s 96,045 40,510 7,596 1,105 6,360 292 317 5,091 117 294 1,423 102,766 32,853 36,684 392,320 125,425 I4O,G43 165,475 52,902 59,06s 124 4i 121 3,654 108 558 19,915 15,301 58,4i6 24,639 76,023 32,067 522 10 61 1,16s 101 1,638 13 87 0S7 87 230 87 1,506 44,977 20,213 77,166 19,124 14,557 72,423 32,543 13,472 51,433 30,794 23,440 46 387 171,707 21,693 73,009 192 21s 1,731 33,057 55,573 126,19s 53,223 Total U.S.Gov't securities 2,430,227 161,713 660,561 211,180 235,795 128,010 93,356 289,107 129,927 86,598 122,927 93,570 212,433 Total hills and securities Due from foreign banks F.R.notes of other banks Uncollected items Bank premises All other assets 2,470,921 166,235 217 17 22,640 365 622,57s 65,554 675,622 216,330 237,629 131,909 99,063 81 20 10 3 21 7,4IS 838 1,519 2,196 1,473 170,306 43,563 61,511 52,330 22,029 10,856 2,284 2,919 5,079 6,525 291,178 130,549 26 4 87,837 124,002 6 3 SOI I,34I 16,913 31.2SS 3,361 1,531 34s 318 55,393 214,624 6 15 440 2,320 19,795 32,357 3,580 1,526 271 479 TOTAL ASSETS 4s,060 39,232 3,H3 412 29,214 3,198 1,704 1,122 1,427 2,23s 77,707 4,333 525 1,691 23,725 2,453 214 11,362,204 793,390 4,076,410 7 °S,559 953,553 507,229 369,931 2,113,519 4ii,730 279,142 417,893 233,571 856,627 ASSETS AKD LIABILITIES OP THE FEDERAL RESERVE BANKS OH SEPTSL3EH 30, 1936 (in thousands of dollars) 3-801c L I A B I L I T I E S Total boston New York Phi la# Cleve* Rich. Atlanta Chicago St.Louis Minn, Zans.Cy. Dallas San Fran, E.R.notes in actual circulation k 9 0^9,1^3 357*216 295,307 395,125 192/4S7 183,920 911.617 17^t5^1 127,559 153,999 SS,C83 32^,72^ Deposits: Lie nib er bank - reserve account 6,356,952 307,339 2,752,376 380,728 ^37,278 207,500 lUl,322 1,026,gH6 l68,U51 115,253 212,932 152,36U HHg,5b3 S U.S•treasurer ~ General account 252,737 30,2^42 37,679 18,0o2 27,12U 3^,916 5,897 1*3, SUO 23,101 M52 *300 12,U§2 6,955 1,466 3,439 Foreign bank 5,366 1,517 1,214 1,466 3,7^2 1,770 2,225 19*839 V/03 4,653 51,950 4,733 1,243 15,goo 5,009 3,64s Other deposits 1S1.S73 2,615 2,790 1,72^ 7,939 M 7 9 253 131,990 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES Commitments to make industrial ad, aces >,343,512 3 ^ , 3 3 2 2,941,S34 412,2S3 473,33s 243,229 151,604 1,073,276 201,003 124,705222,951 167,535 ^ 8 0 7 620,360 55,333 ,019 17,626 31,224 21,906 33,322 165,71s 47,210 53,161 52,; 21,013 79.95^ 9,39s 3,321 10,135 2,950 3,962 130,162 50,17s 12,213 12,5^3 4,244 4,723 12,163 3,757 3,7S3 9,645 3. &L3 4,655 3,149 145,501 5,616 9,902 21,350 5,136 50,325 13,406 14,371 1,252 1,142 546 i,5o6 1,003 2,374 27,033 3,443 l,7bb 4,231 1,007 1,391 340 1,323 894 2,564 1,249 34,241 1,235 1,^35 3,349 3,000 7,573 1,513 3,111 3^0 16? S63 339 216 1,190 715 147 7,167 409 272 12,197 377 11,862,204 793,390 4,076,410 723,559 952,553 507,229 369,931 2,113,519 411,730 279,1^2 4i7,S93 283,571 256,627 23,307 2,625 9,^02 295 1,395 2,350 306 49 1,506 76 383 505 M09 LTUKITY DISTRIBUTION 0? BILLS ASD SECURITIES Total Bills discounted Bills bo-ught Industrial advances U.S.Government securities 9,451 3,093 23,145 2,430,227 Within 15 days 7,623 431 1,615 39.009 l6 to 30 days Ilk 716 312 31,795 31 to 60 days 501 198 551 76,383 6l to 90 days 365 1,703 SI 2 134,623 91 days to 6 months 242 1,976 253,036 Over 6 months 1 22,379 1,245,326 FEDERAL RESERVE IT0TE SIATSL31TT Oil SEPTEMBER 30, 1936 (In thousands of dollars) B-301d !Total Boston Federal Reserve notes: issued to f.r. bank by F.R.agent Held by Federal Reserve baric In actual circulation Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. 4,346,943 377,565 297,500 20,349 933,324 311,256 42i,752 202,996 203,955 39,279 1 5 , 4 ^ 26,627 10,50$ 20.035 944,305 124,119 132,361 165,739 32,6SS 9,55S 4,802 11,790 97,^27 372,09U 9,344 47,370 4,OUS,I43 357,216 344,045 295,207 395,125 192,437 133,920 911,617 174,561 127,559 153,999 33,033 324,724 660 945,706 314,000 424,000 204,000 166,000 so• 107 27 3,707 255 966,00c 156,632 124,000 165,000 97,500 379,ooo 164 21s 4,451,144 396,060 949,413 314,255 424,030 204,107 211,027 966,000 136;634 134,000 163,036 Q7 ./1 » 1 a 379,164 Collateral aeld by agent as se~ curity for notes issued to bank: Gold certificates on liand and due from U # S . Treasury Eligible paper U, Sr. Gov't securities Total collateral 4,337,^33 396,000 5,306 33,000 45,000 2 --< ~ 30,000 10,000 36 3,000
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