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STATEMENT FOE THE PRESS Heleased for publication Friday morning, Oct. 9; not earlier* Board of Governors of the Federal Reserve System October S, 1936 COIID IT I Oil OF FEDERAL RESERVE BAH3S The daily average volume of Federal Reserve bank credit outstanding during the weel£ ended October 7i as reported by the Federal Reserve banks, was $2,USO,000,000, an increase of $5,000,000 compared with the preceding week and unchanged from the corresponding week in 1935» On October 7 total Reserve bank credit amounted to $2,^72,000,000, a decrease of $1,000,000 for the week. Increases of $39,000,000 in money in circulation, $122,000,000 in member bank reserve balances, and $33,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $2,000,000 in Treasury currency, were offset by an increase of $126,000,000 in monetary gold stock and a decrease of $75,000,000 in Treasury cash and deposits with Federal Reserve banks. Member bank reserve balances on October 7 were estimated to be approximately $1,950,000,000 in excess of legal requirements. l Relatively small changes were reported in the System s holdings of bills discounted, purchased bills, industrial advances, and United States Government securities. Changes in the amount of Reserve bank crodit outstanding and in related items during the week and the year ended October 7> 193^, were as follows: Increase or decrease since Oct. 7 Sept. 30 1936 Oct. 9 1935 (In millions of dollars) Bills discounted Bills •bought U . S . Government securities Industrial advances (not including 23 million commitments - October j) Other Reserve "bank credit TOTAL B3SER7E BASE CREDIT Monetary gold stock Treasury currency Money in circulation Member "bank reserve balances Treasury cask and deposits with F.R. banks IJonmeniber deposits and other F.R. accounts 8 -2 -2 -l 3 2,430 — 27 -l +2 -6 + 2,472 -1 +126 -2 -6 +1,508 5,305 6,479 2,636 +39 +122 534 +38 +607 +1,149 -111 -29 4 10,971 2,503 -75 3 +113 (B-S01) n Released for publication Friday morning, October 9,1936; o t earlier. B~o01a ASSETS A11D LIABILITIES OF THE TWELVE FEDERAL RESERVE B4I&IS COMBIKD (In thousands of dollars) Oct. 7, 1936 Sept. 30,1936 Oct. 9, 1935 3,3SU f 6S3 12,^23 261,^ S,S^S,556 6,725,656 191250 207,251 6,952,157 A S S E T S Gold certificates on hand and due from U . S. Treasury Redemption fund - E . R . notes . . . . Other cash Total reserves . 3,527,331 12,2*48 252,245 S,792 ,375 Bills discounted: Secured by U.S.Gov*t obligations, direct or fully guaranteed . . . . . 3,*+2o Other bills discounted ft,113 Total bills discounted 7,539 Bills bought in open market . . . . . 3,092 Industrial advances . . . . 27,142 U . S. Government securities: Bonds 378,077 Treasury notes 1,^3.353 Treasury bills 608,787 Total U . S> Government securities . 2,5+30,227 2,893 6,558 9*^51 3>09S 23,1^5 ^,150 5,^37 S 9»5 7 4,Ss6 32*721 378,077 1,443,363 60S,787 2,^30,227 238,95^ It636,57^ 55^,681 2,430,209 Other securities Total bills and securities — 2,H6g,006 — 2,470,921 181 2,477,33!+ 217 21,29 7 592,617 Ug.oSo 217 22,6^0 622,572 US.ObO 639 21,80+ ^75,590 50,121 39,2^7 39,232 11,951,819 11,262,20^ 10,022,009 ^,077,72^4 ^,0^9,1^3 3,^92,729 6,^72,9*12 19^,726 7^,395 197,022 6,9^5,151 6,356,952 252,737 51.950 121,273 6,2^3,512 5,329,207 60,327 l4,S26 298,059 5,703,019 Deferred availability items 522,5^3 620,360 ^75,791 Capital paid in Surplus (Section 7) Surplus (Section 1 3 b ) Reserve for contingencies All other liabilities 130,17s 145,501 27,082 34,2^2 12,392 130,162 1^+5,501 27,022 3^,2^1 12,197 130,518 1^,293 23,^57 30,69^ 1^,8^8 TOTAL LIABILITIES 11,961,819 11,262,20U 10,022,009 . . . . Due from foreign banks . . . . ... F . R . notes of other Panics Uncollected items Bank premises All other assets TOTAL ASSETS L I A B I L I T I E S F . R . notes in actual circulation . . Deposits: Member bank: - reserve account . . . . U . S > Treasurer - General account . . Foreign banic Other deposits Total deposits Ratio of total reserves to deposit and F . R . note liabilities combined . . . 79.8$ 79*5$ 75*6$ Commitments to make industrial advances 22,906 23,307 26,859 ASSETS AMD LIABILITIES OP THE FEDERAL RESERVE BilHES OxT OCTOBER 7, 1936 (in thousands of dollars) B~C01b A S S E T S Total Boston lieu Yoifc Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and duo from U. Treasury 8,527,881 5^1,072 3,231,886 ^91,6^3 630,516 298,818 239,657 1,675,770 266,211 l60,S19 2^4,770 155.815 590,90*JRedemption fund ~ 5\ R. notes 12,2*+8 1,788 88o 560 538 682 2,6SH 59S 736 853 822 300 1,801 Other cash 252,2^6 31,633 Total reserves 8,792,375 Bills discounted: f Secured by U.S.G-ov t obligations 3,425 direct or fully guaranteed Ku3 Other bills discounted Total bills discounted 1,533 Bills bought in open market 3,09s Industrial advances 27,142 U. S. Government securities: 372,077 Bonds Treasury notes 508,787 Treasury bills Total U.S+Gov't securities Total bills and securities Due from foreign banks F.R^notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 60,029 33,786 23,538 13,989 9,711 29,296 8,178 6,106 13,323 7,597 15>060 5 7 ^ 9 3 3,292,801 525,989 65^,592 313,^89 252,052 1,705,66U 275,125 167,778 258,915 163,712 607,765 590 31 521 226 3,450 2,17s 3,509 170 42 ISO 3S 32 93 30 34 5,-587 1,103 212 31S 5,029 21s 295 1S5 121 2,957 54 5,343 1,395 10s 543 4s 4s 3S7 1,537 20 20 130 15 13 10 25 171 29 10 Si 105 191 159 27 87 218 37 515 1,153 S75 1,493 39 1,730 103,454 43.535 100,381 32,513 3S,235 19,525 15,431 323,224 124,124 145,957 74,543 53,910 161.538 52,353 51.557 31.44-1 24.847 2,430,227 174,190 545,243 208,990 245,769 125,510 99,122 R3.707 71.127 29.011 22.723 31.527 P^.PIQ 283,933 115,209 90,707 125,255 100,537 214,395 2,46S,006 178,487 658,376 2lk,5^9 2^7,678 128,783 99,903 217 l6 S3 21 20 9 g 21,29 7 318 296 £&3 1,1+53 2,^10 1^59 592,617 59,^5° 1^7,380 46,078 56,271* 52,^12 21,725 Usf060 3,113 10,856 5,079 6,525 2,919 2,2S4 39,247 40S 29,683 3,121 1,656 1,073 1,362 286,005 llStkkO 91,9^1 126,923 102,^08 216,513 26 k 3 6 6 15 2/437 1,646 1,3^3 1,7^3 U63 3,0S6 76,^68.26,970 17,263 31,970 23,033 33,59*4 4,833 2,453 1,531 3,36l 1,526 3,5SO 491 195 309 319 259 371 27,100 44,172 is,016 l 4 , m 19,521 15,555 33,355 I5S,534 58,782 53,273 7^,747 53,771 127,334 11,961,819 816,285 4,143,475 795,^80 968,19s 501,095 378,79*5 2,075,921+ 422,833 2S0,i6n 423,237 291/407 864,924 ASSETS A1TD LIABILITIES OF THE FEDERAL RESERVE BALKS Oil OCTOBER 7, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston F.R.notes in actual circulation Deposits: Member bank - reserve account TJ.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 Commitments to make industrial advances He?/ York Phila. Cleve. 4,077,724 359,632 Rich. Atlanta 844,526 294,710 394,003 19^,225 187,469 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 917,344 177,973 130,613 154,807 90,238 330,184 6,473,94s 340,756 2,832,928 405,454 427,266 210,470 148,084 1,001,298 176,587 113,745 219,390 153,195 449,775 27,355 19,355 43,156 8,008 28,132 20,697 4,009 195,726 2i,97S 3,345 4,839 8,403 6,509 8,442 28,181 6,768 6,695 3,202 2,547 5,386 2,183 1,747 2,111 2,111 5,022 74,395 996 5,300 127,035. 2,142 25s832 4,134 2,365 8,124 197,022 3,967 322 1,357 15,448 6,9^6,151 373,420 3,031,300 422,372 437,325 238,503 157,005 1,038,091 206,P49 122,804 226,662 165,066 476,754 588,543 59,279 142,810 45,i4s 54,843 51,575 20,920 76,737 28,4l4 17,437 32,050 25,041 34,239 130,178 3,821 10,185 50,208 12,213 12,554 4,245 2,947 3,955 12,170 9,401 3,757 4,722 145,501 3, /S3 9,645 50»S25 13,406 14,371 3,613 %6i6 3,149 4,555 21,350 9,902 5,180 27,088 1,696 1,14-2 1,252 1,007 7,744 546 1,391 2,874 3,44s 1,003 4,231 754 1,32s s4o 1,C49 3,111 34,242 8,849 7,573 1,513 1,286 1,435 3,000 S95 2,563 a-jyi 1 re 0/0 iOo 344 384 1,26s 264 372 150 221 12,392 (30 4oo 7,213 II,96I,819 816,285 4,143,475 795,480 968,198 501,095 378,793 2,075,924 422,833 280,168 423,237 291,407 864,924 22,906 2,502 9,218 289 1,387 2,339 305 49 1,495 76 381 504 4,361 MATURITY DISTRIBUTI01T OF BILLS A1TD SECURITIES Total Bills discounted Bills bought Industrial advances U.S.Government securities 7,539 3,098 27,142 2,430,227 Within 15 days 16 to 30 5,834 341 1,561 38,559 51 717 448 40,137 31 to 60 days 576 282 522 r-l4,237 6l to 90 days 845 1,75S 1,019 158,653 91 days to 6 months 233 2,233 272,606 Over 6 months 21,359 1,825,935 FEDERAL RESERVE I'TOTE STATEiSITT Oil OCTOBER 7, 193° (In thousands of dollars) Total "Federal Reserve notes: Issued to F . R . bank by F.R.agent Held by Federal Reserve banic In actual circulation Boston Hew York Phila, Cleve. Rich. Atlanta Chicago St.Louis B-SOld Minn. Xans.Cy. Dallas San Fran. 4,368,693 3 7 M 6 4 937,957 310,51*+ ^iS.oiU 203,349 206,657 1 9^5,997 189,359 1 3 M 9 5 165,838 99,659 374,590 4,077,724 359,532 344,526 294,710 39^,003 196,225 187,469 917,344 177,973 130,613 15^,207 90,23s 330,ic4 4,348,838 396,000 5,S82 590 93,000 945,706 314,000 '424,000 210,000 166,000 4,294 17U ISO 167 49 -— — 45,000 96$,000 161,632 121,000 165,000 100,500 379,000 4,447,720 396,590 950,0oo 31^,17^ 424,180 210,167 211,049 966,000 191,649 136,000 168,092 100,679 379,l4o 290,969 17,232 93,^31 15,SO * 24,011 12,12k 19,105 28,653 11,3^6 4,282 11.031 9,421 44,4o6 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, Gov't securities 'Total collateral — — 17 30,000 — 15,000 92 3,000 179 — l40 —
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