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STATEMENT FOR THE PRESS Released for publication Friday morning, Nov* 1; not earlier* Board of Governors of the Federal Reserve System October 31, 1935 COUDITION OF FEDERAL RESERVE BA1IKS The daily average volume of Federal Reserve bank credit outstanding during the week ended October 30, as reported by the Federal Reserve banks, was $2,^77t000t00°> a decrease of $8,000,000 compared with the preceding week and an increase of $22,000,000 conpared with the corresponding week in 193^» On October 30 total Reserve bank credit amounted to $2,47^,000,000, an increase of $2,000,000 for the week. This increase corresponds with increases of $78,000,000 in member bank reserve balances, $2,000,000 in money in circulation and $10,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $57,000,000 in monetary gold stock and $4,000,000 in Treasury and nationa? bank currency and a decrease of $29,000,000 in Treasury cash and deposits with Federal Reserve banks. Member bank reserve balances 011 October 3^ were estimated to be approximately $3,010,000,000 in excess of legal requirements. Relatively small changes \?ere reported in holdings of discounted and purchased bills and industrial advances. An increase of $4,000,000 in holdings of United States Treasury notes was offset by a decrease of $4,000,000 in United States Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended October 30» 1935t were as follows: Increase or decrease since Oct. 30 Oct. 23 Oct. 31 19^ (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 27 million commitments - October 30) Other Reserve bank credit T0TA.L RESERVE BAM CREDIT Monetary gold stock Treasury and national bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F. R. banks Nonmember deposits and other F.R* accounts 6 -1 > 5 2,^30 33 +2 +2 9*6s6 2, HOI 5,6s6 +27 -2 +1 -33 5»653 +2 +J8 556 +10 2,665 -5 -1 -29 +233 +1,647 -3S6 +155 (B-SOl) •Less than $500,000, Released for publication Friday morning, ITovenber 1,1935; not earlier. 3-2 Ola. ASSETS AHD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS C0IEI1ED (In thousands of dollars) Oct. 30.1935 Oct. 23.1935 Oct. 31.1934 A S S E T S Gold certificates on hand and due U. S. Treasury . . . . . . . . . Redemption fund - F. R. notes , . Other cash Total reserves . . . . . . fron . . . Redenption fund - F. R. "bank 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. C-overnnent 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 7,026.623 19,727 238.953 7,225,303 6,979,122 12,627 . 232,39.2 7,230,201 4,966,421 22,032 223.407 5,211,920 1,229 5,404 5,?2l 2,999 3.129 6,122 3,407 3,335 6,742 10,925 >1,676 32,719 4,676 32,640 6,022 6,149 232,923 1,635,027 556.162 2,430,172 121 232,970 1,630,622 560.567 2,430,219 395,572 1,411,707 622.286 2,473,276 641 21,447 507,936 2,474,452 641 2,430,171 121 22,107 5^,379 50,169 41,932 10,321,304 50,169 40,667 10,362,622 3,511,319 3,504,266 2,453,327 211 19,744 439,993 52,97^ 42.094 2,222,752 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 itens . . . Capital paid in . . . . . . . . . Surplus (Section J) Surplus (Section 13 b) Reserve for contingencies . . . . All other liabilities 5,652,939 60,279 25,402 270.744 6,009,4l4 502,913 130,356 144,293 23,^57 30,692 — 5,575,016 92,919 21,24-2 269.912 5,965,701 5'+7,l97 130,395 144,833 23.^57 30,692 10,321,304 Ratio of total reserves to deposit and F. R. note liabilities combined . . . Contingent liability on bills purchased for foreign correspondents 76.5$ Conuitnents to nal:e industrial advances 27,047 4,005,999 92,293 2,952 154.552 4,261,202 ^32,939 146,777 132,323 245 22,291 15.415 30,27^ 10,362,622 2,222,752 22.254 TOTAL LIABILITIES 3,160,777 22,664 76.3$ 70.2$ 465 26,914 3,212 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE B A M S ON OCTOBER 30, 1935 (In thousands of dollars) B-801b A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Gold certificates on hand and due from U. S. Treasury 7,026,623 449,720 2,9^3,^71 403,462 467,067 220,730 Redemption fund - F. R. notes 19,727 3.288 1,910 1,572 1,440 1,479 Other cash 238,953 31,244 53.776 30,066 14,574 11,728 Bills discounted: Secured "by U.S.Govt, obligations. direct and/or fully guaranteed Other bills discounted Bills bought in open market Industrial advances U . S. Government securities: Bonds Treasury notes Certificates and bills Total U.S. Govt, 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 Minn. Kans.Gy. Dallas San Fran. 160,716 1,318,6g4 220,4o6 144,815 186,504 109,628 401,360 2,719 9,877 997 30.700 9H 12,531 402 10,072 9M-6 14,467 7I+2 3,321 5 70 132 765 98 75 63 i,so6 897 556 1.929 54 80 413 1,124 98 122 1,815 328 864 25,623 243,634 86,432 9,420 74,923 23,857 12,958 9.514 15,815 17,435 7,061 12,857 7,285,303 4s4,252 2,999*157 435,100 483,081 233,937 173,312 1,350,381 233,84s 155,289 201,917 117,491 417,538 Total reserves Total bills discounted Chicago St.Louis 194 2,999 3,129 9 203 6,128 4,676 32,719 345 2,954 23S.923 1,635,087 108,478 14,425 556,162 3^,773 2,430,172 157,676 181 2,^73,876 641 2,163 2,049 4,212 1,796 7,600 161,17s 48 21,41*7 37S 507,936 56,687 50,169 3,168 1+1,932 509 151 151 474 6,895 20 50 97 55 45 75 142 445 173 1,783 4,463 11 61 168 1,073 79,866 16,34s 4S4,432 122,288 180,019 38,4S4 19,069 10,209 8,241 150,660 80,653 65,101 4s,295 25,854 20,868 744,317 177,120 218,024 116,716 94,210 — — — — — — — 757,925 184,640 220,327 121,494 95,512 61 258 66 23 23 1,200 2,868 5,969 1,359 93S 121,017 38,112 47,923 43,595 17,805 12,077 4,754 6,632 3,028 2,331 4,964 1,807 1,137 1,570 28,955 10,381,304 706,220 ]5.925,35s 668,574 — — 54 — 126 — 133 27 160 47,538 73,703 45,935 137,742 15,074 23,627 14,725 44,154 355,689 108,200 75,570 106,844 76,475 199,331 — — 358,174 108,747 4 77 1,30s 2,571 69,906 22,232 2,62s 4,967 574 271 — 77,514 3 1,104 13,484 1.580 470 181 — — 109,172 78,510 ;200,683 16 17 1,459 299 1,994 29.708 18,805 28,662 1,686 3,869 3,^9 373 8S0 422 761,190 '406,082 291,753 3L,736,650 ;369,038 249,1J44 346,095 217,687 653,213 1 ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BAJES OH OCTOBER 30, 1935 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston New York Phila. 756,567 256,300 F.R.notes in actual., circulation 3,511.319 302,259 Deposits: 5.652.9S9 31^,039 2,750,676 272,239 Member bank - reserve account 10,690 1,692 60,279 3,362 U.S.Treasurer - General account 25,1+02 1,829 Foreign bank 9,351 2,5lU 270,71+1+ 3,1+30 149,SS5 66,31s Other deposits Total deposits 6,009,1+11+ 322,710 2,920,602 3^2,763 118,255 37,272 Deferred availability items 508,913 56,966 Capital paid in 130,356 9,^35 50,983 12,29s 1+9,961+ 13,^70 li+l+,893 9,902 Surplus (Section 7) Surplus (Section 13 b) 2,87*+ 7,250 2,09s 23,^57 7,500 2,995 30,69s 1,61+8 Reserve for contingencies 22,251+ 1+26 All other liabilities 1,378 li+,237 TOTAL LIABILITIES Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 332,270 17s,Ol+l+ 1^9,319 811,857 150,969 106,1+1+6 133,960 35+1,01+3 160,919 10*+,963 838,626 170,1+31 110,093 163,1+06 109,265 312,239 12,572 2,689 2,698 2,622 6,275 M73 686 762 2,qi+6 660 1,77S 609 1,566 5,6S7 5,935 15,735 5,373 9,3*+3 859,831 I8l+,709 118,761+ 173,356 118,1+82 336,027 72,296 23,077 ll+,93i 28,839 20,965 28,517 3,003 3,872 3,786 10,196 3,730 11,995 I+,6^5 3,1+20 3,613 3,777 9,61+5 21,350 804 5U7 1,003 1,1^2 1,252 1,391 S91 1,169 83I+ 2,01+6 1,363 5,325 1+79 1+60 2,605 708 287 1+25 I+,56O 2,413 1,903 5,751 9H0 2,35*+ 3,195 911+ 3,210 3^9,92^ 169,961+ 112,282 1+7,71+9 1+3,21+5 16,801 12,297 i+,59i '4,170 5,186 5,540 1^,371 15b 1,007 3,335 3,000 l,Uli 2,516 306 572 371 67,775 265,553 10,381,301+ 706,220 3,925,35s 668,571+ 761,190 1+06,0S2 291,753 1,736,650 369,03s 21+9,1+14+ 3^6,095 217,687 653,213 Ratio of total reserves to deposit and F.R. note liabilities combined 76.5 Commitments to make industrial advances 27,01+7 77.5 3,335 81.6 9,526 72.6 803 70.8 1,829 67.2 66.3 1,827 532 80.8 529 69.7 69.0 2,361+ 65.7 ll+l 1,303 63.1 69.^ 599 ^,259 MATURITY DISTRIBUTION OF BILLS M D SECURITIES Total Bills discounted Bills bought in open market Industrial advances U.S. Government securities Other securities 6,128 i+,6 76 32,719 2,1+30,172 181 Within 15 days 3,7^9 165 1,69s 27,500 l6 to 30 days 597 682 195 23,360 31 to 60 days 6l to 90 days 2U7 876 521 3,308 75^ ll+5,8SO 79^ 56,925 91 days to 6 months 61+9 2.39S 392,39S Over 6 months 10 26,880 l,7SM09 181 FEDERAL RESERVE NOTE STATELOETT ON OCTOBER 30, 1935 (In thousands of dollars) B-SOld Total Boston F^d^rdiX j^gggj'yg no"tos Issued to F.R.bank by F.R.Agent 3,812,938 336,699 Held by Federal Reserve bank 301,619 34,440 in actual circulation 3.5H.319 302,259 New York Phi l a . CI ere. Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. 872,9^7 267,687 348,723 127,785 167,998 844,392 157.207 110,432 142,628 74,292 302.lUg 116,380 11,387 16,453 9,74l 18,679 38,535 6,238 3,986 8,668 6,517 36,595 756,567 256,300 332,270 178,044 149,319 811,857 150,969 106,446 133.960 67,775 265,553 873,706 270,000 339,440 168,000 118,685 861,000 156,632 105,500 131,000 70,175 276,263 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 3,712,018 34l,6l7 Eligible paper 4,668 203 U. S. Govt, securities 138,000 — Total collateral 3,854,686 341,820 2,760 — 151 — 75 142 6l 10,000 20,000 52,000 — — 54 1,000 69 895 98 160 7,000 13,000 5,000 30,000 876,466 270,151 349,515 188,142 170,746 861,000 157,686 112,569 144,895 75,273 306,423
@FedFRASER