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STATEMENT FOR THE PRESS Released for publication Friday morning, Oct. l6; not earlier# Board of Governors of the Federal Reserve System October 15, 193& COHDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended October lb, as reported by the Federal Reserve banks, was $2,^7,000,000, an increase of $7,000,000 compared with the preceding week and a decrease of $2,000,000 compared with the corresponding week in 1935* On October lb total Reserve bank credit amounted to $2flW35f 000,000, a n increase of 0>13f000*000 for the week* This increase corresponds with increases of $138,000,000 in member bank reserve balances and of $11,000,000 in money in circulation, offset in part by increases of $32f000,000 in monetary gold stock and $3t000,000 in Treasury currency, and decreases of $80,000,000 in Treasury cash and deposits with Federal Reserve banks and $2^,000,000 in nonmember deposits and other Federal Reserve accounts. Member bank reserve balances on October lb were estimated to be appraximately $2,070,000,000 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 October iH, 193^> were as follows: Increase or decrease since Oct. Ik Oct. 7 1936 Oct. lS 1935 (in millions of dollars) Bills discounted Bills bought TJ. S. Government securities Industrial advances (not including 23 million commitments - October lb) Other Reserve bank credit TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency Money in circulation Member bank reserve balances Treasury cash and deposits with F*R# banks Homember deposits and other F#R. accounts 8 3 2,1+30 -1 -2 — — — 26 17 -1 +13 -6 -3 2,5+g<5 11,003 2,512 +13 +32 +3 -11 +i,Ui9 +108 6,316 6,617 2,556 510 +11 +138 -so -2U +62O +1,083 -137 -51 (B-S01) Released for publication Friday morning, October 16,193^; not earlier, B-SOla ASSETS AMD LIABILITIES OF THE TIELVE FEDERAL RESERVE BANKS C0MBI1TED (In thousands of dollars) Oct, 14,1936 Oct. 7. 1936 Oct. 16, 1935 ASSETS Sold certificates on hand and due from U. S. Treasury Redemption fund - F. 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 . . Other securities Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 8,581,384 13,136 251,328 8,845,S4S 8,527,SSI 12,248 252.246 8,792,375 6,898,648 18,470 218.896 7,136,014 3,963 4.196 8,159 3,098 26,480 3,426 4,113 7,539 3,098 27,142 4,779 4,646 9,^25 4,679 32,477 378,077 1,443,363 608,787 2,430,227 — 2,467,964 216 24,791 S4l,169 48,062 40,657 378,077 1,^3,363 608,787 2,430,227 — 2,468,006 217 21,297 592,617 48,060 39,247 1,632,121 559,128 2,430,182 181 2,476,950 646 21,646 770,l6l 50,169 39,928 12,268,707 11,961,819 10,495,514 4,093;jS7 4,077,724 3,504,558 6,ol6,920 135,246 SS,904 159.828 7,000,898 824,207 130,243 145,501 27,080 3^,242 13.34l 6,478,948 195,786 74,395 197,022 5,534,326 53,994 22,919 284,4l4 6,946,151 5,895,653 588,543 130,178 1%,501 27,088 34,242 12,392 751,329 130,355 144,293 23,457 30,697 14,512 12,268,707 11,961,819 10,495,514 F. R. note liabilities combined . . . 79• 7/® 79*8/® 75*9$ Commitments to make industrial advances 23,086 22,906 26,791 TOTAL ASSETS 232,939 L I A B I L I T I E S F. R. notes in actual circulation . . 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 1 3 b ) Reserve for contingencies All other liabilities TOTAL LIABILITIES Ratio of total reserves to deposit and ASSETS M D LIABILITIES 0? THE FEDERAL 2ESEH7E BAEIZS 011 OCTOBER lH, 1936 (in thousands of dollars) B-801b A S S E T S Total Boston Hew York Pliila. Cleve. Hicli. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Gold certificates on hand and due from u . s . Treasury 8 , 5 8 1 , 3 8 4 550,473 3 , 1 9 3 , 3 6 5 ^96.49? 632,970 297,7 5 +l 246,266 1 , 7 1 1 , 1 5 ^ 27^,31*+ Sedemption fund - F. R. notes 13,136 1,759 1,765 514 992 U5U 2,645 5^ 722 Other cash 251,328 Total reserves 8,845,848 Bills discounted: Secured by U.S.Gov't obligations direct or fully guaranteed 3,963 Other bills discounted ^,196 Total bills discounted Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills Total U.S. Gov't securities Total bills and securities Due from foreign banks F.E.notes of other banks Uncollected items Sank premises All other assets TOTAL ASSETS 30,372 32,J08 21,150 14,095 9,802 28,005 10,26l 847 6,379 813 15,206 156,355 604,099 7,360 14,926 293 1,788 582,609 3 ,256,134 529,781 655,112 312,290 258,713 .1,739,703335,297 175,601 265,787 164,008 620,813 3,09s 580 31 611 226 26,480 2,819 8,159 6l,004 168,375 249,76s 2,385 3,637 100 4i 6,022 l4i 1,103 6,329 31s 5,037 115 38 153 295 1,392 77 10s 185 121 2,965 30 500 l4 4s 44 108 541 54s 387 38,235 19,526 15,^31 145,967 74,543 58,910 52,353 61,567 31,441 24,847 100,381 32,513 383,224 124,124 1,625 16 13 29 87 515 — 10 4o 80 10 120 61 1,156 372 °7 20 147 167 87 1,484 100 29 129 218 1,745 44,172 18,016 i 4 , m 19,581 15,656 33,355 168,634 68,782 53,873 7^,7^7 59,771 127,33^ 71,127 29,011 22,723 31,527 25,210 53,707 37S,077 27,100 l,l^3,363 103,454 608,787 ^,636 161,63s 2/130,227 17^.190 .545,243 £08,390 2^5,769 125,510 99,188 283,933 115,809 90,707 125,855 100,637 214,396 2,^67,961* 177,846 658,697 214,486 247,609 128,781 99,381 81 20 10 3 21 6,030 1,26s 2,943 1,631 461 201,185 61,754 90,544 71,821 31,464 10,356 5,079 6,525 2,919 2,284 30,51s 3,723 1,596 1,106 1,361 236,493 116,44o 91,93^ 126,93^ 102,375 216,488 216 16 2^,791 331 4s,062 3,113 ?93 8^1,169 78,300 40,657 26 4 2,64o i,g4s 122,875 38,459 2 u M33 » 52 499 190 3 1,77^ 6 1,424 19,^02 39,643 1,53*+ 3,361 312 312 6 15 591 3,850 35,671 50,051 1,526 3,580 273 37^ 12,268,707 842,608 '4,163,501 815,3053^02,67^ 519,870 395,3^2 2,157,069 444,690 290,560 437,467 304,450 895,171 ASSETS ASD LIABILITIES OP THE FEDERAL RESERVE BANKS OIT OCTOBER l4, 1936 (I11 thousands of dollars) B-SOlc LIABILITIES Total 3oston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Itans.Cy. Dallas San Fran. 248,073 298,192 397,173 200,768 167,321 912,327 172,561 130,02s 154,4os 90,235 328,657 P.R.notes in actual circulation 4,093,187 361,324 Deposits: 6,616,920 353,154 2,s4s,ss9 '405,736 438,356 213,742 148,969 1,051,217 188,007 123,686 224,022 155,236 464,806 Member 'bank: - reserve account 135,246 i 4 , m 2$,339 6,160 16,112 13,577 8,084 8,564 17,669 3,627 6,999 6,266 7,73s U.S.Treasurer - General account 88,904 6,649 31,844 8,357 2,267 3,954 3,145 10,424 2,696 2,156 2,606 2,606 6,200 Foreign "bank 159,822 5,452 39,709 1,722 24,704 2,555 4,985 1,109 8,180 3,994 243 1,635 15,53^ 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 advances 7,000,898 379,366 2,996,721 824,207 77,256 193,790 130,243 9,402 50,24s 145,501 9,902 50,825 27,088 2,274 7,744 8,849 34,242 1,513 13,341 311 7,191 4-21,921 487,939 233,22s 165,183 1,071,314 216,552 133,463 233,270 166,343 494,27s 61,281 86,127 70,456 29,376 123,458 39,345 17,797 39,457 36,76s 48,496 12,207 12,55^ 4,723 4,247 12,200 3,757 2,944 3,955 3,321 10,185 13,406 14,371 5,126 5,616 21,350 4,655 3,149 3,613 3,723 9,645 754 546 1,003 4,231 1,007 3,44s 1,142 1,252 1,696 1,391 3,000 3,lli 1,286 2,563 s4o 1,249 1,328 7,573 295 1,435 1,007 222 392 920 1,456 182 741 175 379 .,365 12,268,707 842,608 4,163,501 8.15,3051^02,674 519,270 395,342 2,157,069 444,690 290,560 437,467 304,450 895,171 23,086 2,541 9,361 1,^15 2,335 304 49 1,495 379 73 49s 4,348 MTURITY DISTRI3UTI0IT OF BILLS AIFD SECURITIES Total Bills discounted Bills "bought Industrial advances U.S.Government securities 8,159 3,098 26,480 2,430,227 Within 15 days 6,579 2,275 894 35,561 16 to 30 days 62 31 469 37,521 31 to $0 days 527 295 507 86,94s 6l to 90 days 874 497 1,039 156,053 91 days to 6 months 117 2,214 269,366 Over 6 months 21,357 1,244,772 FEDERAL RESERVE HOTS STATELIEST Oil OCTOBER l4, 1936 (In thousands of dollars) B-801d Total Boston Hew York Phila. Clevo. Federal Reserve notes: Issued to F.R. bank by F.R.agent 4,372,990 375,485 Held "by Federal He serve bank 285,803 l4,101 In actual circulation Rich. Atlanta Chicago St.Louis Minn. Zans.Cy. Dallas San Fran. 946,578 3H,592 418,064 212,60s 207,645 9^,505 13,400 20,891 11,840 20,2 64 945,227 188,722 134,107 165,773 99,523 373,666 26,900 10,l6l 4,079 11.365 9.288 4^.009 4,093,187 361,38k 848,073 298,192 397,173 200,768 187,381 918,327 178,561 130,028 154,408 90,235 328,657 4,362,838 396,000 S,590 5S0 88,000 — 955.706 314,000 420,000 213,000 166,000 4,715 103 115 167 30 45,000 966,000 161,632 126,000 lo5,000 100,500 379,000 500 17 — 108 155 100 — 30.000 10.000 3,000 4,457,^22 39^,530 960,421 314,103 420,115 213,167 211,030 966,500 191,649 136,000 i6s,ios 100,655 379,100 Collateral held by ajent as security for notes issued to bank: G-old certificates on hand and due from U. S. Treasury Eligible paper U.S. Gov't securities Total collateral
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