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S T x m m s for the psess Released for publication Friday morning, Oct, not earliert " Board of Governors of the Federal Reserve System October 3, 1935* CONDITIO!? OF FEDEBAL RESERVE BA.IHCS The daily average volume of Federal Reserve bank: credit out staling- during the weelc ended October 2, as reported by the Federal Reserve banksf was $2,^0,000,000, m increase of $3t000f000 conxpared with the preceding week and of $20,000,000 cori*pared with the corresponding we el: in 193^* On October 2 total Reserve bank credit mounted to $2,^70,000,000, a decrease of $4*000,000 for the week* This decrease corresponds rath a decrease of $12,000,000 in member bank reserve balances and increases of $117,000f000 in monotary gold stock and $17,000,000 in Treasury and national bank curroncy, offset in part by increases of $$2,000,000 in money in circulation, $36,000,000 in Treasury cash and deposits with Federal Reserve banks, and $^5,000,000 in nonneniber deposits and other Federal Reserve accounts• Member bank reserve balances on October 2 were estimated to be approximately $2,600,000,000 in excess of legal requirements* Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $9,000,000 in holdings of United States Treasury bills v/as offset by a decrease of $9,000f000 in United States Treasury notes* Changes in the amount of Reserve bank credit outstanding and in related items as during the week and the year ended October 2, 19351 follows: Increase of decrease since Oct* 2 Bills discounted Bills bought U. S, Government securities Industrial advances (not including 27 million coranitnents - October 2) Other Reserve bank credit Sept. 25 10(In millions of dollars) -5 -1 5 2,430 -1 30 -6 -5 +23 .-7 +1,434 '-3 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and national bank currency 9 ,4i4 2,399 -4 +117 +17 Money in circulation Member bank reserve balances Treasury cash and deposits v/ith F.R.banks Nonraenber deposits and other F.R. accounts 5,6sg 5,224 2,Sl4 557 -12 +36 +45 Oct# 3 2,1+70 +62 +15 +220 +1,329 f -254 " +l46 Released for publication Friday morningt October Ht1935"» not earlier. B-SOla ASSETS AND LIABILITIES OF THE TWELVED FEBEBAL RESERVE BA11KS COMBINED (In thousands of dollars) Oct, 2t 19^ Sept. 25.1935 Oct. 3.1934 6,551,132 20,031 223.535 6,79^.7^8 4,953,544 21,798 211.449 5,191,791 2,186 A S S E T S Ck)ld certificates on hand and due from U. S. Treasury • Be&emption fund notes , # • . • Other cash • Total reserves • « » » , • • • » • Redemption fund - F. R.fearilcnotes . « • Bills discounted: Secured Tjy U.S.GovH. 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 banlcs. • F; R. notes of other banks. . . . . . . Uncollected items Bank premises All other assets. • * « « • , • • • • < TOTAL ASSETS 6,634,653 19,660 206.946 6,861,259 — 5.311 10,1+39 4,639 30,070 233,962 1.679,569 511.631 2,430,212 *4,s6o •4.637 9,5^7 4,633 30,132 4,806 10,451 15,257 5,810 233,946 396,564 1,419,213 615.383 2,431,165 305 2,455,004 1,319 13,733 479,511 1,637,969 503,231 2,430,196 —— 2,467 50,074 42.492 2,474,563 63s 22,119 507,143 50,0?]* 42,473 9.995.212 9,391,75s 8,255,^56 3,481,907 3,430,16s 3,175,67^ 30,194 2,475^60 63s 22,564 5^2,725 54,024 L I A B I L I T I E S F. R. notes in actual circulation 3P. B. bank note circulation - net Deposits: Member bank - reserve account . U.S.Treasurer - General account Foreign batik . . . . . . . . . Other deposits. . . . . . . . . Total deposits . . . . . . Deferred availability items , . , Capital paid in Surplus (Section 7) , Surplus (Section 13b) Reserve for contingencies . . . . All other liabilities . . . . . . — 5,223,616 90,341 14,637 291,675. 5,620,319 5^9,267 130,522 144,393 23,^57 30,694 13,653 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 •Revised 5,235,730 13:2,231 21,451 240.109 5,609,521 50S,593 130,931 144,393 23,164 30,694 13,79^ 9.S91.75S 3.S94.632 156,337 9,^76 172,933, 430,370 146,798 13S,3S3 22,444 23.165 s,255,^56 9,995,212 70.1* 75*4$ 75.2$ 26,740 26,392 690 1,633 ASSETS AUD LIABILITIES OF TEE FEDERAL RESERVE BANKS OH OCTOBER 2, 1935 , (In thousands of dollars) B-SOlb A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Gold certificates on hand and due „ , , . , from U S. Treasury 6,63^653 *U5.763 2,802,571 376,353 >+53,818 212,305 1 5 M 0 5 1.187.780 198,524 131,804 186,899 Redemption fund - P. R. notes 19,660 3,368 1.315 1.722 1,088 1,581 2,898 1,153 858 ^25 1*00U Other cash 206,946 28,575 ^>357 28,817 11*300 8,764 8,203 24,338 10,1*28 10,649 12,687 Total reserves 6,861,259 447,706 2,848,243 406,892 466,206 222,650 165,806 1,213,271 201,910 142,8?8 200,590 Bills discounted: Secured "by U.S.Govt, obligations, 10 226 3,236 264 2U5 69 97 5 U7 direct and/or*fully guaranteed 5.3H 893 49 151 50 4,350 l4 22 31 9 Other bills discounted 5.178 9 5U 248 10 78 7,586 278 267 78 902 276 Total "bills discoxmted 10,489 64 80 169 1,804 U75 445 127 557 345 173 ""Bills "boxight in open market U,b89 1.906 U5U 1,088 2,151 1,10b 7.303 Mte i,75i 4,478 Industrial advances 30,070 2,855 U. S. Government securities: 79,866 16,34s 19.069 10,209 8,250 25,623 9,420 12,988 9v5l*+ Bonds 238,962 14,425 1 65,850 516,181 123,670.152,39 * 75,780 43,079 7>+,552 81,5*1 245,964 Treasury notes 1.679,569 109,727 23.000 11+8,270 37,102 46.561 24,926 20,119 84>102 1^,533 22,778 Certificates and "bills 511,b£l 33.525 Total U.S. Govt, securities Total bills and securities ^ : : : r~ • Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 2,1*30,212 157,677 744,317 177,120 218,024 Ii6,7l6 2,475,460 l6l,779 63s us 761,010 182,215 220,487 121,643 95,55^ 254 66 61 21+ 23 22,564 542,725 50,074 42,492 339 60,503 3,168 5^8 7,630 831 1,508 129,5^1 44,719 5l,9H 12,029 4,711 6,632 30,277 ^336 1,571 1,877 47,757 3,028 1,123 9^.219 17,265 2,331 1.581 355,689 10S.200 75,600 io6v844 105,709 774 5.983 112,U66 124 447 571 122 1,818 . .. , 4l6,U22 3,374 12t£U5 432,641 95 46 l4l 328 818 15.815 17,435 46,464 139,327 14,196 42,569 76,475 199,331 358,162 108,812 77,869 108,325 78,986 200.618 77 u 3 17 16 45 2,960 1,237 71.333 24,007 M63 2,628 671 282 660 1,978 17,338 31,777 1,580 3,^9 461 318 3^3 19.299 1.686 842 2,287 26,750 3.669 462 9,995,212 674,091 3,789.004 643,770 7^8,376 398,102 283,W 1,651.9^2 338.880 24o,so9 3^6,494 313.638 666,672 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 2, 1935 (In thousands of dollars) B-SOlc L I A B I L I T I E S Boston New York 3,1*81,907 299,979 757,254 276,560 2,588,073 Total F.R.notes in actual circulation Deposits: Member bank — reserve accotint U.S.Treasurer - General account Foreign bank Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section j) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 5,223,616 90fSki 14,687 291,675 9,950 989 2,290 32,161 6,011 150,576 5,620,819 289,789 2,776,821 131,198 5^9,267 60,218 9,431 130,522 49^964 9,902 144,893 7,250 2,874 23,457 7,500 1,64s 30,694 8,019 250 13,653 9,995,212 674,091 3,789,004 Ratio of total reserves to deposit and F.R. note liabilities combined Commitments to malce industrial advances 75.4 26,748 80.6 75.9 3,402 9.668 Phila. Cleve. Rich. Atlanta 250,888 330,937 168,492 11+6,1+97 251,277 4,931 323,593 1,359 61,524 1,305 2,205 319,091 42,346 12,307 13,470 6,588 333,691 166,970 106,888 12,320 2,09s 2,995 575 399 71.* 862 3,000 7^8,376 70.1 1,754 494 16,731 4,l6S 5,186 5.5*K> 3,335 754 l,4n 2,517 230 379 398,102 283,474 1,874 Minn. Kans.Cy. Dallas San Fran, 106,629 13^,115 95,762 167,083 ^.913 330 6,544 ?a»567 156,327 107,549 7^,916 24,198 17,810 2,984 12,077 3,739 3,420 4,& 21,350 1,003 1,391 5,325 1.169 891 2,290 245 378 4,6oi 66.4 148,145 711,570 145,654 4,628 2,467 1,593 412 3,776 7,79*1 1,381 3,689 52,601 813,026 101,324 3,855 508 2,o44 14,371 1,007 643,770 160,563 Chicago St .Louis 1,651,9^ 338,880 65.4 502 66.3 79-1 519 1,97^ 2iK),S09 66.7 2,651 368 412 101,931 300,226 3,184 l4,i32 357 96l 11,951 38,870 170,514 117,423 35^,189 32,150 21,387 27,835 3,894 3,796 10,207 3,613 3,777 1,142 1,252 832 1,363 2,043 194 318 376 346,454 213,63s 666,672 65.S 143 64,322 261,573 1,171 61.9 70.3 598 4,281 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Bills discounted Bills bought in open market Industrial advances U.S.Government securities Total Within 15 days 16 to 30 days 10,489 4,689 S,4l6 380 1,%5 2,430,212 2,697 31,557 30,070 ).)|)| TTT 362 35.560 31 to 60 days 761 653 ^02 50,860 6l to 90 days 845 2,157 645 163,310 91 days to 6 months 86 2,532 188,922 Over S months 23,432 1,960,023 FEDEBA.L RESERVE NOTE STATEMENT ON OCTOBER 2, 1935 (In thousands of dollars) Total Boston Hew York Fhila. Cleve. Federal Reserve notes: issued to F.R.bank "by F.RJigent J,75S,512 327,329 863,149 Eeld by Federal Reserve bank 276,605 27,350 105,595 in actual circulation Rich, Atlanta B-SOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 262,97s 3^,905 173,453 164,^69 840,562 154,691 110,491 i4i,200 69,578 296,707 12,090 17,913 9,96l 17,972 27,536 6,546 3,481,907 299,979 757,254 250,888 330,987 168,492 146,497 813,026 i4s,l45 3,862 7,085 5,256 35,134 106,629 13^,115 64,322 261,573 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from u. s. Treasury 3,620,538 9,026 Eligible paper U. S. Govt, securities 173,900 Total collateral 331,617 863,706 262,930 333,44o 156,000 113,685 856,640 134,632 101,500 126,000 64,175276,263 902 -» 6,133 — 3,803,514 332,519 S69,839 278 — 267 276 20,000 23,000 263,208 353,707 179,276 78 55,000 10 — JS 21,000 53 246 9,400 16,000 564 l4l 5,500 24,000 168,763 856,650155,710 110,953 142,246 70,239 300,^4
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