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SimUEOT IOH THE PKESS Released for publication Friday morning, Sept. 13; not earlier. Board of Governors of the Federal Reserve System September 12, 1935 C0HDITI0U OF FEDERAL RESERVE BASICS The daily average vfclune of Fede rallies erve bank credit outstanding during the week ended September 11, as reported by the Federal Beservo banks, was $ 2,US 0,000,000, an increase of $2,000,000 compared with the preceding week and of $11,000,000 compared with the corresponding week in 193^* On September 11 total Reserve bank credit amounted to $2,^79,000,000, an increase of $7,000,000 for the week* This increase corresponds with an increase of $160,000,000 in member bank reserve balances and a decrease of t'.$fy,000,000 in Treasury and national bank currency, offset in part by an increase of $10,000,000 in monetary gold stock and decreases of $12,000,000 in money in circulation, $117,000,000 in Treasury cash and deposits with Federal Reserve banks, and $18,000,000 in nonmembcr deposits and other Federal Reserve accounts. Member bank reserve balances on September 11 were estimated to be approximately $2,820,000,000 in excess of legal requirements* Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. Increases of $19,000,000 in holdings of United States Treasury notes and $l+,000,000 in Treasury bills were offset by a decrease of $23,000,000 in holdings of United States bonds. Changes in the amount of Reserve bank credit outstanding and in related items during tile week and tho year ended September 11, 1935» WQre a s follows: Increase or decrease since Sept. 11 ire Sept. k iffi Se^t. 12 jM (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 27 million commitments - September 11) Other Reserve bank credit 11 . 5 2,^30 30 +1 TOTAL RESERVE BA2JK CREDIT Monetary gold stock Treasury and national bank currency 2,^79 9,219 2,391 +7 +10 J+ Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.baaka Nonmember deposits and other F.R. accounts 5,63s 12 +6 -12 +160 -117 -IS +29 J+ +10 +1,251 -23 +229 +1M0 -^29 -3 Released for publication Friday morning, September 13f1935* earlier. B-SOla ASSETS Aim LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Sept, lit1935 Sept. U,1935 Sept. 12.193^ ASSETS Gold certificates on hand and due from U. S. Treasury . 6»536,039 Redemption fund - F. R. notes 21,210 Other cash . 217,9*?! Total reserves , 6f775f200 Redemption fund - ! t B, bank notes . • . Bills discounted: Secured "by U.S.Gov't* obligations,direct 6,071 and/ or fully guaranteed 5.106 Other bills discounted Total bills discounted 11,177 4,685 Bills bought in open market Industrial advances « . » * » » • • • . • 29.550 U. S. Government securities: 266,561 1,642,418 Certificates and bills 521.231 Total U.S. Government securities . . 2,430,210 Other securities Total bills and securities . f . , 2,475,622 Due from foreign banks 639 F. R. notes of other banks 18,077 504,445 50,017 Bank premises . < All other assets 6,1+81,63^ 20,01+7 206,U01 6,708,082 — 23,0^3 228,31^ 5,212,353 2,226 6,088 4.620 10,708 4,685 29,^30 5,93^ 17.406 23,3^0 5,202 1,281 290,230 1,622,752 517,231 2,430,213 2,475,036 64o 17,077 493,980 * 999 47.276 467,3^3 1,324,622 639,341 2,431,306 356 2,461,485 3,126 19,700 458,386 52,820 57.121 9,273,127 9,792,090 8,267,217 . . . . 3,422,834 . . , , — 3,413,933 3,148,449 31,127 . , . » 5,388,277 . . . . 27,337 18,581 167.635 5,601,830 501,271 134,046 144,893 23,164 • • • • • 30,778 14.311 9,873,127 5,228,147 103,062 19»859 173.287 5,524,355 498,126 144,663 ikk,8$? 22,824 30,777 12.519 9.792,090 3»91+S,30U 138,729 12,028 200.998 ^,300,059 453,515 146,663 138,383 mum LIABILITIES F. R. notes in actual circulation F, R. bank note circulation - not Deposits: Member bank - reserve account . U.S.Treasurer - General account Foreign bank . Other deposits . . . . Total deposits Deferred availability items Capi tal paid in Surplus (Section j ) Surplus (Section 13b) . . Reserve for contingencies All othe*r liabilities . . TOTAL LIABILITIES 4 Eatio of total reserves to deposit and F. R, note liabilities combined , . . , Contingent liability on bills purchased for foreign correspondents Commitments to malre industrial advances - 75.1$ 75*0$ -26,538 22,447 26.574 8,267,217 70.C$ 647 26,619 681 ASSETS AND LIABILITIES OF TEE FEDERAL RESERVE BANKS ON SEPTEMBER 11, 1935 (In thousands of dollars) B-SOTb ASSETS Total Boston New York Phila. Gold certificates on hand and due from u . s . Treasury 6,536,039 Redemption fund - F. R. notes 21,2$0 Other cash 217,951 Total reserves 6,775,200 Bills discounted: Secured "by U.S.Govt, obligations direct and/or fully guaranteed 6,071 5,106 Other bills discounted Total bills discounted 11,177 Bills bought in open market 1*,685 Industrial advances 29,550 S. Government securities: 266,561 Bonds ,61*2,1*18 Treasury no t e s 11 Certificates and bills 521,231 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 455,451 2,712,732 318,683 453,292 209,733 150,90* 1,215,469 195,202 138,293 194,714 103,699 387,802 3,474 1,725 1,871 1,273 1,664 3,055 1,386 1,016 459 1,038 8O3 3,446 28,652 50.127 29,612 10,50^ 8,483 8,777 26,722 11,795 12,298 11,992 6,226 12,763 487,577 2,764,584 350fl66 1*65,069 219,885 162,796 1,243,577 208,013 151,050 207,7I& 110,728 464,011 1,01*7 9 1,056 31*5 2,888 2,870 1*,1U 6,981 1,303 7,016 1,201 So 1,261 1*71* 3,397 145 22 167 445 1,745 322 63 335 173 4,563 — 144 144 169 1,044 15 104 9 5 62 74 108 193 484 95 34 15 556 1,998 H3 80 455 67 64 2,172 182 126 1,135 677 122 1,327 129 328 810 16,007 107,5+71 34,199 83,737 18,098 21,268 11,335 9,202 504,637 121,173 149,260 79,904 64,496 150,9% 31.31*9 47,497 25,427 20,524 31,174 10,505 13,668 10,583 16,485 19, W* 239,155 74,232 47,100 73,020 45,508 136,462 85,360 23,463 14,826 23,236 14,432 43,425 Total U.S.Govt, securities 2,,1*30,210 157.677 71*4,317 177,120 218,025 116,716 94,222 355,689 108,200 75,594 106,844 76,475 199,331 Total bills and securities 2,,1*75,622 161,966 760,117 182,752 220,382 121,337 95,579 1*8 639 18,077 319 50I*, 1*1*5 50,071* 50,017 3,168 49,127 571* 66 61 24 25U 23 662 1,368 2,049 1,349 4,370 118,961* 33,339 45,488 42,795 16,102 11,973 4,709 6,632 3,028 2,331 35,953 4,931 1,533 1,169 1,619 353,258 108,848 77,397 108,287 79,101 200,598 4 1*5 77 3 17 17 1,012 1,369 1,007 353 1,901 2,313 ^,269 24,516 17,456 31,749 18,236 31,457 4,960 2,628 1,580 3,449 1,635 3,869 458 542 912 792 310 279 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 9,373,127 703,726 3.696,225 581,625 7^0,583 390,737 279,799 1,679,21*6 3^5,295 21*9,51*0 352,925 211,037 61*2,339 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 11, 1935 (In thousands of dollars) B-SOlc LIABILITIES Total Boston New York Phi la. 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 h) Reserve for contingencies All other liabilities TOTAL LIABILITIES 3,422,834 29M10 Cleve. Rich. Atlanta 733*590 248,425 335,08S 165,067 139,909 5,388,277 330,^59 2 , 5 8 9 , ^ 25s,29^ 323,762 162,173 105,678 91*8 370 5,99^ 2,^20 2,769 27.337 587 8,272 1,615 1,550 18*581 1,175 2.406 118.4o6 2.618 3-895 1^7 3,531* 5,601,830 334,410 2,722,126 264,947 329,976 168,981 110,447 501,271 50,507 116,510 35.689 44,327 41,887 16,004 134,046 9,526 51,736 12,927 12,430 4,723 4,294 144,893 9,902 49,964 13,^70 1^,371 5.186 5,5^0 2,874 6,957 2,09s 1,007 3.335 23,16^ 75^ 7.500 2,995 3,000 l , 4 n 30,778 1,648 2,601 249 7,842 i H ! : l^,3H 384 197 250 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 809,236 144,232 102,0+3 130,975 64,685 254,3714- 7^.539 156,^65 no r 944 177,637 110,997 312,875 1.978 1,929 2,165 1,125 691 3,275 489 392 1.893 43s 424 1,142 '•2,995 7,636 5,g ZZ SB I4t64Q 756,312 166,519 120,323 180,063 115,785 331,9^1 70,237 24,184 17,624 31,986 ,916 32,4oo 12,667 3,875 3,102 4,005 t ' 013 10,748 21,350 4,655 3.^20 3,613 3,777 9,645 804 1.391 5^7 1,003 1,142 1,252 5,325 891 1,169 832 1,363 2,043 246 2,728 392 256 309 284 9,873,127 703.726 3,696,225 581,625 7*40,583 390,787 279,799 1,679,246 3^5,295 249,540 352,925 211,037 642,339 Ratio of total reserves to deposit and F,R. note liabilities combined Commitments to make industrial advances 75.1 20,538 77.5 3,^63 80.0 9,701 68.2 905 69.9 1,793 65.8 1,805 65.O 600 79.^ 520 66.9 1,927 67.7 150 61.4 66.8 1,174 6S.9 428 4,072 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought in open market Industrial advances U.S.Government securities 11,177 4,685 . 59,550 2,430,210 Within 15 days 9.698 2,092 1,264 27.963 16 to 30 days 203 221 I, 282 27,600 31 to 60 days 519 513 ,797 85,370 61 to 90 days 702 53.010 91 days to 6 months 5^ 2,222 297,058 Over 6 months 1 23,337 1,939,209 FEDEEAL RESERVE NOTE STATEMENT OB SEPTEMBER 11, 1935 (In thousands of dollars) Total Boston New York Phi la* -Clev-o. Rich. Atlanta B-SOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Federal Reserve notes: Issued to F.R.banlt by F.R.Agent Held by Federal Heserve bank: 3,719,110 326,648 296,276 32,038 843,265 260,359 350,64s 174,801 160,021 109,675 11,934 15,560 9.734 20,112 840,165 152,878 107,146 139,362 71,513 292,304 30,929 3,646 4,503 8,387 6,828 37,930 In actual circulation 3,422,834 294,610 733,590 248, U25 335*088 165,067 139,909 809,236 144,232 102,643 130,975 64,685 254,374 &old certificates on hand and due from TJ. S. Treasury Eligible paper U. S. Govt, securities 3,553,5^3 331,617 9.716 1,056 187,900 843,706 240,150 336,440 152,000 113,685 l44 385 5,523 1,261 167 20,000 15*000 23,000 50,000 846,880 133,632 101,500 125,000 62,675 261,263 180 113 67 677 128 15 15,000 6,4oo 15,000 8,500 35,000 Total collateral 3,751,164- 332,673 849,229 261,4li 351.607 175*3*5 l g 3,329 346,895 153,7^5 107,967 l40,lS0 Collateral held by agent as security for notes issued to bank: 71,852 296,391
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