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STATEMENT FOE THE PHSSS Released for publication Friday morning, Sept# 11; not earlier # Board of Governors of the Federal Reserve System September 10, 193&# OOHDIEIOH OF FEDEHAL EESERVE BAMS ®ae daily average volume of Federal Reserve bank credit outstanding during tho week ended September St a s reported by the Federal Reserve banks, was $2,^791000,000* an increase of $7,000,000 compared with the preceding week and a decrease of $1,000,000 compared with the corresponding week in 1935• On September 9 total Reserve bank credit amounted to $2,^82,000,000, an increase of $19,000,000 for the week. This increase corresponds with increases of $51,000,000 in money in circulation, $30,000,000 in member bank reserve balances and ,000,000 in nonmombor deposits and othor Foderal Rcsorvo accounts, o f f s e t in part by increases of $19,000,000 in nonotafy gold stock and $6,000,000 in Treasury currency and a docroaso of $62,000,000 in Treasury cash, and deposits with Federal Reserve banks. Member bonk reserve balances on September 9 were estimated to be approximately $2,000,000,000 in excess of legal requirements. Relatively small changes were reported in the System's holdings of b i l l s discounted, purchased b i l l s , industrial advances and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during tho week and the year ended September 9, 1936, were as follows: Increase or decrease since Sept, 9 Sept. 2 Sept. 11 1936 1935 (In millions of dollars) B i l l s discounted B i l l s bought U. S. Government securities Industrial advances (not including 2k million commitments - Septembor 9) Other Reserve bank credit T O m RESERVE BAKU CREDIT Monetary gold stock Treasury currency Money in circulation Member bank reserve balances Treasury cash and deposits with F. R. banks llomcmber deposits and other F. R. accounts S 2,1*30 29 12 2,1+S2 10,736 2,50S 6,276 6,^71 2,1*20 559 -1 -3 -2 ~ -1 -US +20 +19 +3 +1.517 +117 +51 +30 -62 +2^ +63S +1,083 -209 +19 +125 (B-SOl) Released for publication Friday morning, Sept. 11,1936; not earlier. B-SOla ASSETS AHD LIABILITIES OP THE TWELVE FEDERAL RESERVE BAMKS COMBINED (In thousands of dollars) Sept. 9. 1936 Sept. 2, 1936 Sept. 11.1935 ASSETS Gold certificates 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 U.S.Gov't obligations, direct or f u l l y guaranteed Other "bills discounted Total "bills discounted B i l l s "bought in open market Industrial advances U.S. Government securities: Bonds Treasury notes Treasury b i l l s Total U. S. Government securities . . Other securities Total b i l l s and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises A l l other assets ..TOTAL ASSETS 3,372,031 12,145 248.066 8,632,242 8,334,034 12,625 268.885 8,615,5*14 3,681 4.352 8,033 4.04l 5.106 8,602 11,177 3,095 28,628 3,°95 28,522 4,685 29,55° 324,721 1,1*96,719 608.787 2,430,227 324,721 1,496,719 608.787 2,430,227 266,561 l,642,4l8 521.231 2,430,210 — 4,561 181 6,536,039 21,210 217.951 6,775.200 6,071 — 2,469,983 2,470,627 2,475,622 219 554,757 48,055 45.139 220 25,346 544,120 48,056 44,581 639 18,077 504,445 50,017 49.127 11,777,170 11,748,494 9,873,127 4,055,971 4,020,920 3,422,834 6,471,333 54,683 59,235 211.572 6,440,625 5,388,277 27,337 18,581 167.635 5,601,830 543,220 130,172 145,501 27,088 34,236 44.159 552,398 145,501 27,088 34,236 10.778 501,271 134,046 144,893 23,164 30,778 l4.311 11,777,170 11,748,494 9,873,127 26,775 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 bank Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contigencies A l l other l i a b i l i t i e s TOTAL LIABILITIES 6,796,823 107,236 50,267 229.285 6,827,410 130,163 Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . . 79.5$ 79.*$ 75.1$ Commitments to make industrial advances 23,721 23,699 26,538 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 9, 1936 (In thousands of dollars) B-SOlb ASSETS Total Boston New York Phila. Cleve. Rich. Atlanta Gold c e r t i f i c a t e s on hand and due from U. S. Treasury 3,372,031 523,66s 3,194,147 431,451 624,339 2S0,523 230,7S7 Redemption fund - F . R. notes 1 2 , 1 , S 6 9 1,283 723 742 354 2,787 Other cash 248,066 32,067 6i,4l4 33,163 23,252 13,107 8,458 Total reserves 8,632,242 557,604 3,256,844 ^65,337 648,3S3 293,984 242,032 B i l l s discounted: Secured by U.S.Gov't obligations direct or f u l l y guaranteed Other h i l l s discounted Total h i l l s discounted B i l l s bought in open market Industrial advances U. S.Government securities: Bonds Treasury notes Treasury h i l l s 3,681 4,352 256 47 2,270 3,581 290 28 28 240 240 8,033 S,033 3,095 28,628 303 303 226 226 3,222 5,851 5,851 1,102 7,077 318 317 5,038 324,721 1,496,719 21,607 99,596 40,510 608,737 33 38 27 27 110 30 93 .278 294 1,451 137 137 121 3,684 123 10S 586 88,263 28,217 31,507 406,323 130,061 145,220 165,475 52,902 59,06S 17,104 78,839 32,067 Total U.S. Gov't securities 2,430,227 l 6 l , 7 1 3 660,561 Total h i l l s and securities 2,469,983 165,464 674,591 216,853 237,818 131.952 99,173 34 20 3 21 9 493 1,390 9,431 1,973 1,355 128,074 40,457 51,401 50,036 22,720 Due from foreign hanks F.R.notes of other hanks Uncollected items Bank premises A l l other assets TOTAL ASSETS 219 26,775 554,757 43,055 ^5,139 17 354 52,4l6 3,113 420 11,777,170 779,388 10,355 211,ISO 235,795 128,010 35,137 5,079 3,3^1 6,525 2,919 1,639 . 1,103 4,ii5,oi6 731,586 947,l4i 431,976 98,356 2,284 1,392 Chicago St .Louis 1,690,76s 226,521 317 791 28,925 10,232 1,720,010 237,544 — 177,235 256,775 155,399 530,368 175 895 337 1,872 7,017 12,055 6,200 12,176 184,427 320 321 SO 24 176 87 87 525 525 7 7 61 6l 1,185 60 60 87 905 6% 87 1,548 104 21S 1,657 17,361 11,571 53,334 16,425 75,703 30,794 12,502 28,392 38,630 178,054 72,423 S0,01S 32,54s 289,107 129,927 21,693 36,598 122,927 291,279 130,715 87,851 26 4 3 2,264 77,719 4,831 53s 368,999 2,096,667 20 594,4i6 4o 40 35 35 3S7 387 1,750 — 269,725 161,936 7 35 147 1^7 29 > < Minn. Kans.Cy. Dallas San Fran. 1,644 1,745 93,570 212,483 95»S46 214,462 6 6 15 123,979 1,975 32,383 572 3,574 24,S93 16,762 24,490 33,406 2,452 1,531 3,360 1,526 3,580 225 325 331 240 44S 397,477 292,644 431,759 2S4,6i6 349,901 ASSETS AHD LIABILITIES OF THE FEDERAL RESERVE SAMS ON SEPTEMBER 9, 19 (In thousands of dollars) B-SOlb L I A 3 I L I T I Total 3oston Hew York PMla. Glove, Rich. Atlanta Chicago St.Louis Minn., Kans.Cy. Dallas San Fran. F»R.notes in actual circulation 4,055,971 361,015 829,4-84 297,625 400,583 190,,213 121,913 921,60S 170,498 127,979 155.902 88,317 330,828 Deposits: Member "bank - reserve account 6,471,333 316,261 2,822,809 351,31s 448,248 218,860 145,803 1,041,597 175,621 132,245 227,780 150,603 440,188 U.S.Treasurer - General account 14,630 3,065 5,011 5,273 1,757 2,341 5,238 3,537 4,660 1,373 54,683 3,31*+ 4,484 Foreign banks 1,698 3,478 1,69s 22,6l4 4,333 2,049 5,387 .59,235 1,757 2,577 1,405 5,446 6,793 Other deposits 70s 2,276 1 ^ 9 2 5,212 211,572 2,305 162,585 1,827 4,537 4,250 __2iZ2L Total deposits 6,796,823 327,563 3,022,638 361,905 463,410 228,568 152,498 1,054,929 189,769 139,273 233,251 159,588 463,431 Deferred a v a i l a b i l i t y items 543,220 51,424 122,846 38,750 5i,2l4 48,422 21,218 76,207 26,850 16,165 32,586 25,686 31,852 Capital paid in 3,825 10,177 3,955 130,172 2,950 9,409 3,757 12,154 50,179 12,221 12,575 4,723 4,247 Surplus (Section 7) 3,783 3,613 3,149 5,186 14,371 5,6l6 13,406 1^5,501 9,902 4,655 9,645 21,350 50,825 754 Surplus (Section 13 b) 1,252 1,696 1,142 1,007 1,003 27,088 2,874 3,448 546 7,7^ ^,231 1,391 Reserve for contingencies 34,236 s4o 1,328 I,S49 1,442 1,513 1,282 2,555 3,000 3 , m 8,849 894 7,573 A l l other l i a b i l i t i e s 464 15,688 423 031 683 448 22,451 870 198 13H ^hm. 508 1,^.5 11,777.170 779,388 TOTAL LIABILITIES Commitments to make industrial advances 23,721 4,115,016 2,658 9,508 731,586 947,i4l 481,976 368,999 2,096,667 397,477 30s 49 1,740 235 1,359 2,373 292,644 431,759 284,616 83 390 509 849,901 4,509 MATURITY DISTRIBUTION OF BILLS AMD SECURITIES Total B i l l s discounted B i l l s bought Industrial advances U. S„ Government securities 3,033 3,095 28,628 2,430,227 Within 15 days 6,718 1,598 1,524 85,786 16 to 30 days 157 427 459 44,489 31 to 60 days 233 68 682 71,430 6l to 90 days 91 days to 6 months 587 337 1 88,216 1,990 362,259 23,277 1,777,997 1,002 696 Over 6 months FEDE2AL RESERVE ITOTE STATEMENT 01T SEPTEMBER 9, 1936 (in thousands of dollars) B-SOlb Total Federal Reserve notes: issued to F.R.bank by agent Held by Federal Reserve batik: in actual circulation ^2,679 286,708 Boston 378,286 17,271 Hew York Phila. Cleve. Rich. Atlanta 9 2 M 7 9 313,225 ^23,3^1 9*1,995 15,600 22,758 200,762 202,220 10,5^9 20,307 Chicago St.Louis Minn. Eans.Cy. Dallas San Fran. 951,791 179,707 133,795 165,991 30,183 9,209 5,8l6 10,083 98,017 9,?00 371,065 ^0,237 4,055,971 361,015 829,484 297,625 400,583 190,213 181,913 92i,6og 170,49s 127,979 155,908 88,317 330,828 Collateral held by agent as security for notes issued to bank: Gold c e r t i f i c a t e s on hand and due from U. S. Treasury Eligible paper . U.S. Gov't securities Total collateral 4,328,838 396,000 6,130 2S1 73,000 — 935,706 314,000 427,000 202,000 l6l v 000 4,511 — 251 124 76 — — — ~ 45,000 966,000 155^32 134,000 165,000 — 167 — 48 — 25,000 — 3,000 4,407,96s 396,281 940,217 314,000 427,251 202,124 206,076 966,000 180,799 134,000 l6s,o4s 98,500 374,000 583 89 99,083 37^,089
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