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STATMMT FOR THE PRESS Released f o r publication Friday morning, Oct# IS; not earlier. Board of Governors of the Federal Reserve System October 17, 1935 COTDITI01T OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve "bank credit outstanding during the weelc ended October lb, as reported by the Federal Reserve banks, was $2,^9,000,000, an increase of $9,000,000 compared with the preceding week and of $32,000,000 compared with the corresponding week in 193*+• On October l o total Reserve bank credit amounted to $2,H96,000,000, an increase of $18,000,000 f o r the week* This increase corresponds with an increase of ,000,000 in member bank reserve balances, o f f s e t in part by increases of $121,000,000 in monetary gold stock and $8,000,000 in Treasury and national bank currency and decreases of $2,000,000 in money in circulation, $5^,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 16 were estimated to be approximately $2,910,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased b i l l s and industrial advances. An increase o*f $5,000,000 in holdings of United States Treasury b i l l s was o f f s e t by a decrease of $5,000,000 in United States Treasury notes. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended October l6 f 1935» w e r e a s follows: Increase or decrease since Oct* 16 Oct. 9 Oct. 17 (In millions of dollars) Bills discounted Bills botight U. S. Government securities Industrial advances (not including 27 million commitments - October l6) Other Reserve bank credit 9 a 2,^30 32 -1 20 +19 TOTAL RESERVE BAM CBEDIT Monetary gold stock Treasury and. national bank currency 2,^96 +18 +121 +8 Money in circulation Member bank reserve balances Treasury cash and. deposits with F, P.. banks Nonmember deposits and other P. R. accounts 5,696 5,53^ -2 +204 2,693 561 -3 -1 -2 +227 +1,538 -275 +139 (B-801) Released for publication fridasy morning, October IS* 1935; B-SOla 110* ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Oct. 16.1935 Oct. 9.1935 Oct. 17. 1934 6,898,648 6,725,656 4,965,342 ASSETS Gold certificates on hand and due from U. S. Treasury . . . . . . . Redemption fund - P. R. notes Other cash Total reserves ledemption fund - F. R. baaals: notes . . . B i l l s discounted: Secured by U.S.Gov't, obligations, direct and/or f u l l y guaranteed . . . Other b i l l s discounted Total b i l l s discounted . i . . . . Bills bought in open market . i . . . * Industrial advances . . . . . . . . . . U. S. Government securities: Bonds Treasury notes Certificates and b i l l s Total U. S. Government securities Other securities Total b i l l s and securities . . . . Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 18,470 218.896 7,136,014 — 4,779 4,64$ 9,425 S79 32*477 23S,939 19,250 207.251 6,952,157 — 4,150 5.437 9.587 4,686 32.7&1 233,954 22,019 215.803 5,203,164 2,215 4,624 7,088 11,712 6.177 4,576 395,673 1,632,121 559,128 2,430,188 181 2,476,950 646 21,646 1,636,574 554,681 2,430,209 181 2,477,384 639 21,864 l,4ll,706 6g2tgg6 2,430,265 302 2,453,032 1,071 21,164 50,169 39.928 50,121 44.254 52,931 44.887 770,l6l 475,590 591,73^ 10,495,514 10,022,009 8,370,202 . . . . 3,504,558 — 3,49g,7S9 — 3,182,329 29,425 . . . . 5,534,326 ' 53,994 22,919 2S4.4l4 5,295,653 751,329 130,355 144,893 23,457 30,697 14.512 5,329,207 60,327 14,826 298.059 5,703,019 475,791 130,51g 144,893 23,457 30,694 l4,g4g 3,996,276 53,194 7,129 176.289 4,232,888 522,695 146,755 132,323 10,495,514 10,022,009 8,370,202 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 f o r contingencies All other l i a b i l i t i e s TOTAL LIABILITIES 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 75.9$ — 26,791 75.6$ — 26,859 22,290 29.437 70.2$ 516 2,182 ASSETS AHD LIABILITIES OF THE FEDERAL RESERVE BANKS Oil OCTOBER l6, 1935 (In thousands of dollars) ASSETS Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St,Louis 3-801b 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 6,898,648 443,101 2,845,048 401,556 460,358 219,71*+ 158,792 1,202,650 216,924 140,157 190,409 113,201 1*26,672 Redemption fund - F. R. notes 18,470 3,315 1,0^9 1,652 994 1,172 2,209 1,0% 921 U13 923 756 3,350 Other cash 212,296 28,727 46,202 29,08*+ 12,731 9,442 9,874 26,952 10,852 10,264 13,50s 6,471 lU,777 Total reserves 7,136,01*1 475,143 2,g92,305 432,298 474,083 230,32g 171,481 1,310,650 22SJ63 150,834 204,900 120,430 444,799 B i l l s discounted: Secured "by U.S.Govt, obligations, direct and/or f u l l y guaranteed Other b i l l s discounted Total h i l l s discounted B i l l s bought in open marlcet Industrial advances U. S. Government securities: Bonds Treasury notes Certificates and b i l l s Total U.S. Govt, securities Other securities Total b i l l s and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 705 9 71I+ 3U5 2,870 3,201+ 3,520 6,721+ 1,794 7,3*+6 4 106 147 50 60 23 207 73 169 173 M73 1,021 79,866 16,342 19,070 10,209 2,243 1+23,601 122,056 150,369 80,492 64,975 180,850 32,716 48,526 26,009 20,934 25,623 243,244 86,222 2,1+30,182 157,677 — 181 744,317 177,120 218,025 116,716 94,212 355,629 108,200 75, 582 106,844 76,475 :199,331 2,^76,950 161,606 61+6 1+8 21,61+6 356 770,161 72,752 50,169 3,168 39,928 531 760,241 124,743 220,409 121,569 95,535 263 24 66 60 924 1,824 1,194 1.552 7,123 199,390 62,737 72,426 61,827 25,3^2 12,077 4,75^ 6,632 3,028 2,331 26,930 4,035 2,702 1,131 1,592 *+,779 4,646 9 M 5 4,679 32,477 238,939 14,426 1,632,121 108,268 559,122 34,983 213 13 226 475 6,922 * — — 135 21 156 445 1,783 — — — — — — 557 1,893 — 21> 5 59 64 64 1, S52 135 492 75 46 4 449 121 627 80 122 127 328 ^33 1,119 1,826 879 9,420 12,970 9,514 15,815 17,^35 447 73,561 45,847 :137,^76 7^,779 24,001 15, 165 23,769 14,813 44,420 __ — lgl — 352,139 :108,717 77, 562 102,292 78,872 ;200,659 4 45 16 77 3 17 4oo 1,222 672 1,702 2,73^ 1,817 109,433 31,957 20,655 37,796 29,356 40,434 4,967 2,628 V 580 3,449 i,6s6 3,869 220 322 467 912 443 571 10,495,514 719,6o4 3,892,389 629,557 777,S6U 1+19,731 297,504 1,726,621 37^,166 251,773 357,096 231,67s 691,531 ASSETS AMD LIABILITIES OP THE FEDERAL RESERVE BA1IKS OH OCTOBER lS, 1935 (In thousands of dollars) B-SOlc LIABILITIES Total Boston Hew York Phila. Cleve. 757,995 255,212 330,673 3, 50U.55S 300,osi P.P..notes in actual circulation Deposits: Member bank - reserve account 5, 53^,326 U.S.Treasurer - General account 53,99!+ Foreign bank 22,919 Other deoosits Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve f o r contingencies All other l i a b i l i t i e s TOTAL LIABILITIES Rich. Atlanta Chicago St.Louis 173,723 1^9,528 812,883 150,716 309,090 2,61+3,996 270,152 335,336 167,063 105,569 3,13s l6,ll+S U,i21 2,556 9S7 1,331 1,650 2,1+36 2,269 2,172 si+s S25 3,975 155.00S 67,813 3,652 2,1+1+0 3,667 5,295,653 317,853 2,223,528 3^,355 192,526 52,711 751,329 77.528 130,355 9,^35 50,93^ 12,302 1+9,961+ 13,^70 9,902 14l+,893 7,250 2,09s 2,871+ 23,^57 7,500 30,697 1,61+8 2,995 283 8,632 1^,512 h i k 10,1+95,511+ 719,601+ 3,892,389 689,557 Ratio of total reserves to deposit and P. R. note l i a b i l i t i e s combined 75.9 76.9 Commitments to make industrial advances 26,791 3,338 80.8 9,527 Minn. Kans.Cy. Dallas San Fran, 106,570 131^,101 66,912 266.10U 811,882 167,088 103,1+06 171,066 109,176 335,502 2,2^2 1,897 2,37^ 9,SSl+ 6,317 2,999 550 6l6 596 1,60U 2,659 688 2,932 5,806 1,1+06 3^3,722 171,332 111,392 825,1+22 179,707 117,001+ 17^,925 72,303 59,298 23,129 105,755 33,503 19,25s 32,309 12,015 3,731 3,002 3,27^ 12,327 ^,592 1+.171 5,186 5,51+0 21,350 i+,655 3,1+20 3,613 li+,37l 51+7 1,003 l,ll+2 1,007 3,335 1,391 75*+ 3,000 1,1+11 2,517 832 S91 1,169 5,325 240 2,1+80 1+61 2U8 1+16 3^7 353 777,261+ 1+19,731 297,50*+ 1,786,621 37M66 251,773 357,096 72.1 863 70.3 1,828 66.7 1,869 65.7 501 20.0 69.2 529 1,977 67.5 1^1 66.3 10,035 17,116 122*181 36i+,io6 32,182 3,771 3,777 1,252 1,363 38,227 10,201 9,61+5 804 63.7 70.6 2,01+6 2U0 398 231,678 691,531 592 1.303 l+,257 MATURITY DISTRIBUTION C® BILLS AND SECURITIES Total Bills discounted Bills bought in open market Industrial advances U. S. Government securities Other securities 9,^25 1+.679 32,^77 2,1+30,18S 181 Within 15 days 7,22l+ 3,221 1,76U 35,560 16 to 30 273 109 319 27,500 31 to 60 days 67O 1,065 508 132,223 6l to 90 days 870 28l+ 712 61+, 267 91 days to 6 months 325 2,660 37M03 Over 6 months 3 26,511+ 1,795,235 181 FEDEBA.L RESERVE NOTE STATEMENT OIT OCTOBER lb, 1935 (In thousands of dollars) Total Boston ITev/ York Pliila. Cleve. Rich. Atlanta B~801d CMcago St.Louis Kinn. Kans.Cy. Dallas San Fran. Federal Reserve notes Issued to F.R.bank by F.R.Agent 3.799,535 330,^9 Held by Federal Reserve bank 294,977 30.368 867,2^8 109,253 267,656 3^,931 182,53^ 168,850 8^6,780 33,897 300,081 757,395 255,212 330,673 173,723 iUq,58S 812,883 150,716 106,570 134,101 66,912 266,104 in actual circulation 3,504,558 12,444 18,258 8,811 19,262 157,07^ 111,673 1^2,872 72,419 303,044 6,35s 5,108 8,771 5,507 36,940 Collateral held by ajont as security f o r notes issued to bank: Gold certificates 011 hand and due from U. S. Treasury 3,691,018 336,6lJ Eligible paper 7,970 714 U. S. Govt, securities 139,000 — Total collateral 3.S37.9SS 337,331 863,706 26s,000 331,440 164,000 118,685 5,332 226 156 207 73 861,000 — — 869,03s 268,226 351,596 184,207 170,753 s6i,ooo 158,636 112,562 144,626 20,000 20,000 52,000 153,632 105,500 126,000 71,175 291,263 4 62 626 449 121 5,000 7,000 18,000 2,000 15,000 73,624 306,384
@FedFRASER