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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, Oct, 30; not e a r l i e r . Board of Governors of the Federal Reserve System October 29, 193&. CONDITION OF FEDERAL RESERVE BANKS Tiie d a i l y average volume of Federal Reserve baiik c r e d i t outstanding during the week ended October 28, as reported by the Federal Reserve banks, was $2,^71,000,000, a decrease of $l6 f 000,000 compared with the preceding week and of $6,000,000 compared with the corresponding week in 1935* On October 2S t o t a l r e s e r v e bank c r e d i t amounted to $2,^-62,000,000, a decrease of $1,000,000 f o r the week.,This decrease corresponds with decreases of $9,000,000 i n money in c i r c u l a t i o n and $8,000,000 in nonmember d e p o s i t s and other Federal Reserve accounts and an i n c r e a s e of $23$000,000 i n monetary gold stocl£, o f f s e t in p a r t by an i n c r e a s e of $39,000,000 i n member bank r e s e r v e b a l a n c e s . Member ba&k reserve balances on October 2S were estimated to be approximately $2,l60,000,000 i n excess of l e g a l requirements. R e l a t i v e l y small changes were reported in the System*s holdings of b i l l s d i s counted, purchased b i l l s , i n d u s t r i a l advances and United S t a t e s Government securities* Changes in the amount of Reserve bank c r e d i t outstanding and in r e l a t e d items during the week and the year ended October 2S, 1936, were as f o l l o w s : Increase or decrec.se since Oct. 2S O c t . 21 O c t . 30 (In m i l l i o n s of d o l l a r s ) B i l l s discounted B i l l s bought U. S . Government s e c u r i t i e s I n d u s t r i a l advances (not i n c l u d i n g 23 m i l l i o n commitments - October 28) Other Reserve bank c r e d i t TOTAL RESERVE BANK CREDIT Monetary g o l d stock Treasury currency Money in c i r c u l a t i o n Member bank r e s e r v e balances Treasury cash and d e p o s i t s with F*R. banks Honnember d e p o s i t s and other P . R# accounts 6 3 2,^30 26 -3 -2 — - -7 -3 2,H62 11,031 2,51^ -1 +23 -12 +1,3^5 +113 6,302 6,732 2,^90 -9 +39 -1 +616 +1,079 -175 -73 k$3 (B-S01) Released f o r p u b l i c a t i o n Friday morning, October 30>1936; not e a r l i e r . B~801a ASSETS A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED ( i n thousands of d o l l a r s ) O c t . 28,1956 Oct. 21,1956 Oct. 30,1955 A S S E T S Gold c e r t i f i c a t e s on hand and due from U. S, Treasury Redemption fund - F . R. notes • . Other cash . . . . . . . . . . . . Total reserves • • • • • • • • • B i l l s discounted: Secured "by TJ.S.Gov^ o b l i g a t i o n s , d or f u l l y guaranteed • . . . . . Other b i l l s discounted T o t a l b i l l s discounted B i l l s bought in open market • # • I n d u s t r i a l advances • U. S, Government s e c u r i t i e s : Bonds . Treasury notes Treasury b i l l s . . T o t a l U.S. Government s e c u r i t i e s Other s e c u r i t i e s . . . . . . . . . Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks . # F . R. notes of other banks Uncollected items Bank: premises . , A l l other a s s e t s . • . . 8,635,231 12,273 2&?fS25. 8,913,929 8,609,328 12,471 253,^7 2,875,346 7,026,623 19,727 233,953 7,225,303 3,1+21 2,6g6 6,107 3,087 26,299 3,103 3,067 6,170 3,089 26,427 2,999 3,129 6,128 4,676 32,719 373,077 1,^3,363 373,077 1,443,363 608,787 2,430,227 b 2,1+65,720 220 2-4,720 573,206 1+8,0b2 39.116 2,465,913 218 24,797 654,301 Us,062 33,307 233,923 1,635,087 556,162 2,430,172 131 2,473,876 64i 21,447 507,936 50,169 ^1,932 12,065,573 12,106,944 10,381,304 608,787 2,430,227 L I A B I L I T I E S F . R. notes im a c t u a l c i r c u l a t i o n Deposits: Member bank - r e s e r v e account . * U # S.Treasurer ~ General account . Foreign bank • Other d e p o s i t s . . • Total deposits . . . . . . . # Deferred a v a i l a b i l i t y items . . . C a p i t a l paid in . . . . . . . . . Surplus ( S e c t i o n 7) • • • • • • • Surplus ( S e c t i o n 13 b) Reserve f o r contingencies • . . . A l l other l i a b i l i t i e s . . . . . . TOTAL LIABILITIES . . . . 4,086,21+2 4,091,064 3,5H,319 6,732,003 99,903 65,479 154,170 7,051,555 577,408 130,241 145,501 27,088 34,236 , . . 13,302 6,693,447 88,337 63,722 163,492 7,009,05s 657,033 130,243 145,501 27,088 3^,236 12,721 5,652.939 60,279 25,402 270,744 12,065,573 12,106,944 10,381,304 6,009,4i4 508,913 130,356 144,893 23,457 30,69 s 22,254 R a t i o of t o t a l r e s e r v e s to deposit and F . R. note l i a b i l i t i e s combined . . 80.0$ SO.Ofo 76.5i Commitments to make i n d u s t r i a l advances 22,790 22,nk 27,057 ASSETS A1JD LIABILITIES OF THE FEDERAL RESERVE BA13KS Oil OCTOBER 2S, 1936 (In thousands of d o l l a r s ) B-801b A S S E T S To t a l Boston New York Phila. Gold c e r t i f i c a t e s on hand and due from U. S. TreasuryS,635,S31 572,964 3,240,051 494,932 1,666 1,476 Redemption fund - P . R . notes 427 12,273 Other cash 65,512 32,153 265,825 31,027 Total reserves 2,913,929 605,657 3,307,039 527,512 B i l l s discounted: Secured by U . S . G o v ' t o b l i g a t i o n s 3,421 d i r e c t or f u l l y guaranteed 112 2,862 69 2,686 2,091 Other b i l l s discounted 4s T o t a l b i l l s discounted B i l l s bought i n open market I n d u s t r i a l advances U. S. Government s e c u r i t i e s : Bonds Treasury notes Treasury b i l l s 6,107 3,087 26,299 159 225 2,831 ^,953 1,097 6,299 117 317 5,059 Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. Dallas San Fran 632,154 294,267 233,163 1,733,2>6 259,435 162,554 247,102 161,952 604,011 6b0 4i4 676 270 882 790 1,73S 2,557 717 30,074 12,780 6,203 15,026 21,547 13,956 11,267 7.377 is,903 654,583 308,883 246,987 1,763,734 272,891 169,474 262,91s 169,599 624,652 70 46 116 294 1,363 150 17 5S 101 45 197 121 2,953 17 108 532 58 386 l,6o4 l46 86 515 12 61 1,13^ 18,016 68,782 29,011 l4,m 53.S73 22,723 — — 12 35 121 2 119 20 35 156 121 87 824 S7 1,430 55 218 1,755 37S,077 27,100 1,443,363 103,454 608,787 43,636 100,381 32,513 383,224 124,124 l b l , 6 3 8 52,353 3S,235 145,967 61,567 19,526 7!+,51+3 3l,44i 15,^31 58,910 24,847 44,172 168,634 71,127 T o t a l U.S. G o v ' t s e c u r i t i e s 2,430,227 174,190 645,243 208,990 245,769 125,510 99,188 ,283,933 115,809 19.5S1 15,656 33,355 74,747 59,771 127,334 31,527 25,210 53,707 90,707 125,855 100,637 214,396 T o t a l b i l l s and s e c u r i t i e s 2,^65,720 177,^05 657,592 214,4^3 247,542 128,781 99,845 285,981 116,556 91,91*+ 126,922 102,275 216,424 Due from f o r e i g n banks F . R . n o t e s of other banks Uncollected items Bank premises 4 1 1 other a s s e t s TOTAL ASSETS 220 24,720 573,806 Us,062 39,116 16 326 59,431 3,113 375 86 8,052 137,61s 10,856 29,532 21 5S0 44,249 5,079 3,297 12,065,573 846,323 4,150,731 795,229 20 1,379 53,449 6,525 1,590 9 3,H5 56,06s 2,919 1,091 8 1,536 22,661 2,284 1,375 26 2,551 7^,265 4,833 47s 4 i,s4i 25,475 2,452 194 3 1,387 15,76: 1,53 289 6 6 606 .1,042 31,572 23,990 1,526 3,361 271 321 15 2,297 30,139 3,5S0 297 965,088 500,866 37^,696 2,131,S8S 419,413 280,370 426,142 297,373 S77,4o4 ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BAMS Oil OCTOBER 28, I936 ( i n thousands of d o l l a r s ) B-SOlc L I A B I L I T I Total Boston ITew York Phila. Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kaiis.Cy. D a l l a s San Fran, F . R . n o t e s i n a c t u a l c i r c u l a t i o n 4,036,242 360,346 S 4 l , G l 3 299,137 395,544 202,112 1S6,6S1 919,591 179.063 129,933 154,219 91,103 325,535 Deposits: Member "bank - r e s e r v e account 6,732,003 390,027 2,920,453 407,249 442,947 214,323 143,005 1 , 0 6 1 , 0 1 9 136,002 1 1 6 , 1 6 4 224,363 160,330 465,116 U . S . T r e a s u r e r - General account 22,325 2,610 22,405 5,440 3,600 3,53s 4,361 9,030 99,903 s,733 3,^33 3,379 10,744 Foreign "bank 65,1+79 4,796 1 , 9 4 4 1,SS0 4,472 24,323 1,830 2,352 2,26s 1 , 5 5 S 6,027 5,963 7,51* Other d e p o s i t s 83,148 3.850 740 K53S 1 . 8 5 1 16.824 1,588 24,345 3,^36, 1,303 Ju33L 2,993 Total deposits 7,051,555 402,029 3,050,249 418,243 483,999 229,406 152,147 1 , 0 9 2 , 7 4 5 202,236 125,316 230,321 168,922 495,442 Deferred a v a i l a b i l i t y items 577,40s 5 9 , 9 1 1 75,760 27,881 1 5 , 3 1 4 31,298 26,246 3 1 , 6 1 1 133,677 44,194 54,087 54,474 22,455 Capital paid in 12,207 130,241 3,323 10,177 2,9^3 12,198 3,955 4,248 9,402 50,246 3,757 12,567 ^.718 ! Surplus ( S e c t i o n 7) 13,406 145,501 3,783 9,645 5,616 3,613 3,I +9 21,350 9,902 50,325 1^,371 4,655 5,186 754 Surplus ( S e c t i o n 13 "b) 1,14-2 1 , 2 5 2 7 , 7 4 4 27,083 ^,231 1,696 1,003 1,391 2,874 1,007 546 3,^48 Reserve f o r c o n t i n g e n c i e s 340 1,32s 34,236 3,349 1,349 3,000 7,573 1,427 3,111 1,513 896 2,563 1,237 A l l other l i a b i l i t i e s 254 911 PIP 13,302 1,230 299 402 x£l 346 Lt3X3_ 3-79- . ,730 235 TOTAL LIABILITIES Commitments to make i n d u s t r i a l advance s 12,065,573 846,323 4 , 1 5 0 , 7 3 1 795,229 965,033 500,366 37^.690 2 , 1 3 1 , 3 3 3 419,413 280,370 426,142 297,373 S77,4o4 22,790 2,516 9,362 267 1,403 2,33s 302 49 1,290 73 354 495 4,34l MATURITY DISTRIBUTION OF BILLS A1TD SECURITIES Total B i l l s discounted B i l l s "bought I n d u s t r i a l advances U.S.Government s e c u r i t i e s 6,107 3,087 , 26,299 2,430,227 Within 15 days 4,262 31 1,092 37,521 16 to 30 days 564 154 301 42,362 31 to 60 days 594 235 60S 134,628 6l to 90 days 91 days to 6 months 525 162 934 23,951 2,071 361,773 2,617 Over 6 months 21,243 1,77^,992 FEDERAL RESERVE 1T0TE STATEMENT Oil OCTOBER 28, I93S ( I n thousands of d o l l a r s ) B-goia Total Boston F e d e r a l Reserve n o t e s : Issued to F.R.bank "by agent ^,388,7^6 3 1 3 , l i b Held by F e d e r a l Reserve baric 302,50^ 19,^28 in a c t u a l c i r c u l a t i o n ITew Yorl-r PMla# Clove. Rich. Atlanta Chicago S t . L o u i s Minn. Kans.Cy* D a l l a s San P r a n . 9 ^ 1 , ^ 3H»922 ^20,509 215,^71 207,165 99*^66 12,735 2^,965 13,359 20,^8*4 9^7,957 122,775 13^,609 165,356 28,366 9,712 ^,621 1 1 , 1 3 7 99,757 375,3^7 8,6^9 ^9,382 H,os6,242 3^0,3^6 8Ui,Si8 299,187 3 9 5 , 5 ^ 202,112 186,681 919*591 179,063 129,988 1 5 ^ 2 1 9 9 1 , 1 0 s 326,585 ^ 6 3 , 1 9 9 396,112 959,271 3 1 M 7 0 ^23,070 216,175 211,000 966,000 1 9 1 , 7 3 ^ 137,000 1 6 s , i h i 101,606 379,020 C o l l a t e r a l h e l d by agent a s s e c u r i t y f o r notes i s s u e d to bank: Gold c e r t i f i c a t e s on:'hand and due from TJ„ S* Treasury E l i g i b l e paper U. S . G-ovH s e c u r i t i e s Total collateral
@FedFRASER