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STATEMENT POR THE PBESS Rele&aed for publication Friday morning, Oct. 25; not earlier. Board of Governors of the Federal Reserve System October 2kf 1935 C01TDITI0I OF FEDERAL RESERVE BMES The daily average volume of Federal Reserve batit credit outstanding during the week ended October 23, as reported by the Federal Reserve banks, was ,000,000, a decrease of 000,000 compared with the preceding week, and an increase of $25,000,000 compared with the corresponding week in 133^• On October 23 total Reserve ban!: credit amo-xnted to $2,^72,000,000, a decrease of $24,000,000 for the week. This decrease corresponds with decreases of $12,000,000 in money in circulation and $15,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $^5,000,000 in monetary gold stock, offset in part by an increase of $Ul,000,000 in member bank reserve balances and a decrease of $7,000,000 in Treasury and national bank currency. Member bank reserve balances on October 23 were estimated to be approximately $2,930,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and 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 23, 1935> were as follows: Increase or decrease since Oct. 23 Oct. 16 Oct. 2U (In millions of dollars) Bills disco-anted Bills bought U. S. Government securities Industrial advances (not including P.] million commitments - October 23) Other Reserve bank: credit 7 5 2,430 -2 33 -2 +1 -22 +2S -2 TOTAL RESERVE BA1H CREDIT Monetary gold stock Treasury and national bank currency 2.U72 9,629 2,397 -24 +45 -7 +20 +1,636 -32 Money in circulation Member batik: reserve balances Treasury cash and deposits with F. R. banks Honmember deposits and otiaer F. R. accounts 5,6gl+ 5,575 2,693+ 5U6 -12 •Ail +1 -15 +2kS +1,590 . -355 +1U2 -1 — — — (B~gOl) Released for publication Friday morning, October 25,1935» not earlier. B-S01a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Oct. 23,1935 Oct. 16,193,5 Oct. 2l+.193*+ ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Redenption fund - F. R. ban]- notes . . . Bills discounted: Secured by U.S.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 LIAB 3,^07 3.335 6,7^2 ^,676 32,61+0 6,898,6US 18,1+70 218.896 7,136,OlU — k,967,100 21,932 227.58*+ 5,2l6,6l6 2,215 779 1+.61+6 9,*+25 679 32,1+77 ^,526 6.338 10,861+ 5,993 ^,999 238,970 1,630,682 560.567 2,1+30,219 Uil 2,^7^58 238,939 1,632,121 559.128 2,1+30,188 181 2,1+76,950 395,597 1,411,716 622.888 2,1+30,201 296 2,1+52,35S 6Ul 22,107 5^,379 50,l69 1+0.667 61+6 21,61+6 770,l6l 50,169 39,928 821 21,000 1+63,801 52,97*+ 45.1+58 10,362,622 10,1+95,51U 8,255,2^+3 ... . . . 3,50H,806 — 3,50l+,55S — 3,155,512 29,123 . . . . .. 5,575,016 98,919 21,8US 269.918 5,965,701 5^7,197 130,395 lM-1+,893 23,1+57 30,698 15.1+15 5,53^,326 53,99^ 22,919 28U.UlU 5,895,653 751,3^9 130,355 lUl+,893 23,1+57 30,697 lH,512 3,985,287 118,002 6,985 158.1+17 l+,268,691 M-6U,65S lH6,881 138,383 10,362,622 10,1+95,51*+ 8,295,21+3 ILITIES F. R. notes in actual circulation F. R. ban]: 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 for contingencies All other liabilities .. . TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . Contingent liability on bills purchased for foreign correspondents . . . . . . . Commitments to make industrial advances 6,979,122 18,687 232,392 7,230,201 — 76.3$ 75»9# — 26,91^ 26,791 22,291 29.70*+ 70.3$ 1+9*+ 2,692 ASSETS MS LIABILITIES OP THE FEDERAL BESEKVE B A M S OH OCTOBER 23, 1935 (In thousands of dollars) B~80Ib A S S E T S Total Boston Hew York Fhila* Cleve. Rich. Atlanta Chicago St*Louis Minn* Kans*Cy# Dallas San Fran. Gold certificates on hand and due from u. s. Treasury 6,979,122 *+59,263 2,930,387 3 9 ^ 5 1 ^52,^59 217.21^ 159,^1 1.301,2^7 215,9^8 138,656 19^,7^2 111M5 ^03,819 Redemption fund - F. R. nates 13,687 3,312 1,011 1,610 1,U69 1,167 2,739 1,019 917 ^10 958 7*6 3,329 Other cash 232,392 30,283 52,299 29,888 12,973 I0t563 10*670 28,751 I2yl52 10,216 1^,376 6,976 13,21*5 Total reserves 7,230,201 ^92,858 2,983,697 ^25,9^9 ^66,901 228,9^ 172,850 1,331,017 229,017 1^9,282 210,076 119,217 ^20,393 Bills discounted: Secured by U.S.Govt. obligations, 1*76 50 4 2,272 3.H07 147 60 105 30 direct and/or fully guaranteed 131 127 5 — — 60 21 11 148 776 Other bills discoionted 2,215 59 36 9 3,335 Total bills discounted 6,7*12 4,676 32,640 Bills bought in open market Industrial advances U. S # Government securities: Bonds Treasury notes Certificates and bills Total bills and securities Due from foreign banks P. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 345 2,868 232.970 14,425 630,682 108,167 560,567 35,084 Total u. S. Govt, securities Other securities 1*85 2,^30,219 157*676 181 — 2 , ^ , ^ 5 8 l6l,37*J. 4,1+87 1.796 7,582 131 474 6,919 51 445 l.7«3 79,866 16,348 19,069 483,198 121,944 150,228 181,253 38,828 48,727 207 , 173 4,466 61 168 1,075 10,209 8,247 80,422 64,914 26,085 21,055 7^*317 177*120 218,021* 116,716 9^,216 — 758,182 — — — — 220,303 121,562 95*520 9a U8 258 66 60 2k 22,107 365 6,600 1,002 1 , ^ 5 2,512 5^,379 56,303 128,693 kl,kS7 ^8,910 ^9,550 50,169 3,168 12,077 ^,75^ 6,632 3,028 TO,667 533 27,973 M 6 6 2,318 1,126 23 1,239 18,781 af331 1,58^ _ 556 1,895 4 80 4l3 64 63 1,837 903 126 1,124 208 122 1,819 l4l 328 859 25,623 9,420 12,999 9.514 15,815 17.435 243,054 74,710 47,403 73,492 ,803 137,347 87,012 24,070 15,209 23,838 14,857 44,549 355»689 108,200 75,611 1 0 6 , 7 6 , 1 + 7 5 199,331 — — — 181 358,1^0 108,697 77,575 109,178 — — 78,62*1. 200,659 77 ^ 3 17 l6 U5 2,813 1,^70 1,108 1,533 329 1,691 76,062 2 7 , ^ 16,82** 31,292 20,823 28,180 ^,967 2,628 1,580 3,^1+9 1,686 3,869 586 268 k G O 332 886 1*35 10,362,622 71^,6^9 3,917,1*80 662,068 7^6,569 1+06,7^6 292,32s 1,773*662 369,558 2^6,832 355*877 221,581 655,272 ASSETS Ai'TD LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 23, 1935 (In thousands of dollars) B-801c .LIABILITIES Total Boston Hew York Phila. Cleve. Rich. Atlanta F.R.notes in actual circulation 3,504,866 301,209 753,015 25^,5^3 332,972 176,170 1^9,^21 Deposits: 5,575.016 320,221 2*709,302 265,110 326,032 161,1^3 105,33^ Meriter bani: - reserve account 98,919 2,853 U.S«Treasu.rer - General account 2,734 2,822 1,872 44,270 21,848 2,15s Foreign ' b a n k 2,071 S07 7S5 1,569 8,072 269,918 0tlier deposits 2,029 3,205 149,292 D O , 224 2,517 3,950 Total do-posits Deferred availability items Capital paid :.r Surplus (Section J) Surplus (Sect.'on 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES Chicago St.Louis Minn, Sans.Cy. Dallas San Fran, 812,936 150,239 106,503 133,910 67,962 265,936 813,795 171,163 105,682 174,802 110,662 311,770 3,016 4,344 6,S42 18,897 2,174 2,370 583 2,52s 654 523 ' 567 1,526 16,464 1,639 5,111 8,563 5,503 840,331 182,554 114,078 181,373 119,666 336,602 5,965,701 332,465 2,910,936 336,3^5 333,35^ 166,801 111,196 128,77S 39,718 49,033 48,97^ 18,359 5^7,197 56,766 77,79*+ 26,494 17,381 30,866 23,513 29,516 4,170 4,592 50,929 12,29s 12,327 11,990 130,395 9,^37 3,S7^ 3.7SS 10,196 3,731 .3,003 144,893 9,902 5,540 3,420 49,964 13,470 14,371 5,126 21,350 4,655 3,613 3,777 9,64s 804 1,142 1,252 2,874 2,09s 1,007 7,250 1,003 547 23,457 1,391 75*+ 3,335 2,046 30,698 1,64s S91 7,5?o 1,363 1,169 2,517 2,995 3,ooo 5.325 255 266 34s 9,048 601 505 447 15,^15 527 275 . 371 277 10,362,622 714,649 3,917,480 662,06s 746,569 4o6,746 292,32s 1,773,662 369,558 246,832 355,877 221,581 655,272 Ratio of total reserves to deposit and F.Re note liabilities combined 76.3 Commitments to make industrial advances 26,91^ 77.8 SI.4 3,336 9,721 72.1 799 70.1 1,821 66.S 66.3 1,839 8O.5 532 68.8 529 67.7 2,024 l4l 66.6 63.5 1,303 69.8 595 K2jh MATURITY DISTRIBUTION OF BILLS A1ID SECURITIES Total Bills discounted Bills bought in open market Industrial advances U.S. Government securities Other securities 6,7^2 KS76 32,64o 2,430,219 181 Within 15 days 4,369 695 i,so4 28,925 l 6 to 30 days 85 227 214 22,760 31 to 60 days 1,329 941 615 143,660 6l to 90 days 91 days to 6 months 30s 644 2,813 898 59,320 2,395 387,812 Over 6 months 7 26,714 1,787,7^2 181 FEDERAL RESERVE 1T0TE STATEMENT ON OCTOBER 23, 1935 (In thousands of dollars) Total Boston New York Phila. Federal Reserve notes Issued to F.R.bank by ?.R.Ar~ent 3,813,252 33^,3^5 Held by Federal Reserve bank 308,386 33,15& Cleve. Rich. Atlanta B-gOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 872,068 266,302 3^9,758 186,562 l6g,UlH 119,053 12,259 16,786 10,392 18,993 8^5,877 158,107 111,092 1^3,082 32,891 7,868 ^,589 9,172 7^,327 302,798 6,365 36,862 3,50^,866 301,209 753,015 25^,5^3 332,972 176,170 1^9,^21 812,986 150,239 106,503 133,910 67,962 265,936 3,698,018 336,617 5,2^0 HS5 1^7,000 873,706 268,000 331,UUO 167,000 118,685 3,035 131 51 207 6l 20,000 20,000 52,000 S6l,000 15^,632 105,500 128,000 72,175 281,263 U62 901 163 l^K) — ^t-,000 7,000 l6,000 3,000 25,000 3,850,258 337,102 876,7^1 268,131 351,491 187,207 170,7^6 s6i,ooo 158,636 112,562 lU^,901 In actual circulation 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 75,33s 306,1+03
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