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STATEMENT FOR THE PRESS Released for publication Friday morning, Sept* IS; not earlier. Board of Governors of the Federal Reserve System September 17, C0ITDITI01T OF FEDERAL RESERVE BAMS The daily average voltmie of Federal Reserve hank credit outstanding during the week ended September l6, as reported by the Federal Reserve banks, was ,000,000, an increase of $8,000,000 compared, with the preceding week and of $2,000,000 compared with the corresponding week in 1935* On September l6 total Reserve "bank credit amounted to $2,^95,000,000, an increase of $13,000,000 for the week. This increase corresponds with an increase Of $369,000,000 in. Treasury cash and deposits with Federal Reserve banks, offset in part "by decreases of $265,000,000 in member bank reserve "balances, $21,000,000 in money in circulation, and $45,000,000 in nomember deposits and other Federal Reserve accounts, and an increase of $26,000,000 in monetary gold stock. Member bank reserve balances on September 16 were estimated to be approximately $1,710,000,000 in excess of legal requirements. Relatively small changes were reported in the System's holdings of bills discounted, purchased bills, and industrial advances. An increase of $53,000,000 in holdings of United States bonds was offset by a decroase of $53,000,000 in holdings of United States Treasury notes. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 16, 1936, were as follows: Increase or decrease since Sept. 16 1936 Sept. 9 19,36 Sept. IS 1935 (In millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 24 million commitments - September 16) Other Reserve bank credit TOTAL RESERVE B 1 M CREDIT Monetary gold stock Treasury currency Money in circulation Member bank reserve balances Treasury cash and deposits with F. R. banks Nonmember deposits and other F. R. accounts -2 -2 8 3 2,430 29 - 25 +13 10,762 2,495 +26 2,507 '-1 6,255 6,206 2,789 514 -21 -265 + 369 -45 -1 +28 +23 +1,522 +ii7 +623 +1,070 '-50 +20 (B-S01) Released for publication Friday morning, Sept, 18,1936; not earlier. B-SOla ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Sept. 16,1936 Sept. 9, 1936 Sept. 18.1935 ASSETS Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes . . . . Other cash Total reserves . . . . . Bills discounted: Secured "by U.S.Gov't obligations, direct or fully guaranteed . . . . . Other "bills discounted Total bills discounted Bills bought in open market Industrial advances U. S.Government securities: Bonds Treasury notes Treasury bills Total U. S. Government securities 8,386,071 12,102 263.529 S,661,702 3,952 5,059 8,011 3.096 28,521 37s,077 . Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 1.^3,363 608,787 2,^30,227 2,H69,855 219 26,320 780,969 U8,058 37,888 TOTAL ASSETS 8,372,031 12,145 2^8,066 8,632,2^2 3,681 4,352 8,033 3»095 28,628 32^,721 1,^96,719 608,787 2,^-30,227 2,1*69,983 219 26,775 55^,757 ^2,055 ^,139 6,551,132 20,503 218,0^ 6,789,683 ^,690 l<-.948 9,638 H,682 30,230 238,978 1,692,227 1*99.068 2,^30,273 2,^,823 6H3 20,369 6l9,46l 50,071 43,Obi 12,025,011 11,777.170 9,992,111 U,0^5,^58 ^,055,971 3,^26,791 6,205,735 Iny^glj. 56,762 193,937 6,87^,358 756,OlU 130,185 lij-5,501 27,088 34,21JO 12.167 6,^71,333 5^,683 59,235 211.572 6,796,323 5^+3,220 130,172 1^,501 27,088 3^,236 4U.159 5,136,13** 22^,^96 19,108 225.299 5,605,037 623,209 131,586 lty+,893 23,164 30,69^ 12.737 11,777,170 9,998,111 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 (Soction 13b) Reserve for contingencies . . . . . . All other liabilities TOTAL LIABILITIES 12,025,011 Ratio of total reserves to deposit and F. R.note liabilities combined . . . Commitments to make industrial advances 79.3$ 79«5$ 75*2$ 23,5^3 23,721 26,SH0 ASSETS AED LIABILITIES OP THE FEDERAL RESERVE BAMS OH SEPTEMBER l6, 1936 (In thousands of dollars) B-COlb ASSETS Total Boston lie*,7 York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Frai Gold certificates on hand and due from U. S. Treasury 8,386,071 547,413 3,164,955 443,338 639,441 281,078 235,512 1,660,289 232,569 17^,705 252,674 162,942 591,1 Redemption fund - F.R. notes 354 2,784 883 740 722 1,869 12,102 1,867 789 307 1,27? 173 335 Other cash 7,360 7.116 16.001 64,184 i4,oo4 8,776 1 0 , 0 5 8 12,959 31,131 263,529.33,596 34,177 24,167 Total reserves 8,661,702 5^2,876 3,230,418 478,237 664,348 295,436 247,072 1,691,727 243,4i6 182,238 266,516 170,393 609,02 Bills discounted: Secured by U.S.Gov't obligations direct or fully guaranteed Other "bills discounted Total bills discounted Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Treasury bills Total U.S.Gov't securities 3,952 4,059 8,011 3,096 28,5a 721 22 743 226 3,170 378,077 25,158 1,443,363 96,045 608,787 40,510 1,760 3,372 370 28 5,132 398 1,103 7,067 317 5,048 90 38 42 128 50 68 128 294 1,432 170 121 118 3,668 10S 583 102,766 32,853 36,684 19,915 15,301 392,320 125,425 140,043 76,02s 58,416 165,475 52,902 59,06s 32,067 24,639 35 35 387 1.750 7 20 64 292 236 85 38 545 7 84 528 123 87 525 87 87 1,180 522 23 — 61 902 1,539 218 1,657 44,977 20,213 13,472 19,124 1^,557 33,057 171,707 77,166 51,^33 73,009 55,573 126,198 72,423 32,5^8 21,693 30,79^ 23,440 53,228 2,430,227 161,713 660,561 211,180 235,795 128,01092,356 289,107 129,927 86,59s 122,927 93,570 212,483 Total "bills and securities Due from foreign banlcs F.R.notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 219 17 S3 21 20 10 2 26 4 3 6 S 15 26,320 377 7,749 792 1,721 2,448 1,671 2,993 2,195 1,236 1,633 539 2,966 780,969 74,546 187,761 54,999 75,212 70,319 24,72? 114,826 34,235 22,637 38,853 33,888 43,970 48,058 3,113 10,856 5,079 6,525 2,919 2,2844,833 2,452 1,531 3,360 1,526 3,580 37,888 421 27,857 3,244 1,677 1,125 1,405 557 221 326 360 235 ^ 0 12,025,011 827,202 4,138,587 759,315 987,152 504,226 376,328 2,106,24l 413,607 295,817 434,728 302,311 379,497 ASSETS AiTD LIABILITIES OP THE FEDERAL RESERVE BABES 017 SEE-TUBER l6, 1936 (In thousands of dollars) B-SOlc LIABILITIES Total Boston Hew York Phi la. Cleve. Rich. Atlanta F.R.notes in actual circulation 4,045,458 357*217 835,848 296,946 39S.370 190,123 182,005 Deposits: Member bank - reserve account 6,205,735 323,483 2,692,862 347,870 440,385 203,039 13S,746 tJ.S.Treasurer - General account 417,924 36,937 139,7^1 20,794 33,944 23,835 13»718 Foreign banks 56,762 4,209 20,641 5.290 5,233 2,503 1,991 Other deposits 193,937 6,295 i^,oi4 2,270 4,336 3,437 2,365 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 916,451 171,423 127,357 154,234 S8,34O 326,544 976,555 52,685 6,598 1,624 157,676 120,901 213,833 150,014 440,316 25,854 11,525 16,297 14,390 25,204 1,707 1,365 1,650 1,650 3,925 8,137 4,303 707 1,662 14,787 370,924 2,997,25s 376,224 483,898 232,814 156,820 1,037,462 196,374 132,094 232,542 167,716 484,23 181,068 52,940 73,365 66,468 24,122 108,573 35,412 21,167 38,254 35,101 45,012 130,185 9,408 2,952 3,955 3,S25 10,182 12,161 3.75S 50,179 12,221 12,575 4,723 4,246 145,501 9,902 50,825 13,406 14,371 5,186 5,616 21,350 4,655 3,149 3,613 3,7S3 9,645 27,088 2,874 546 1,003 1,142 .1,252 1,696 7,744 4,231 1,007 3,44s 754 1,391 840 1,328 34,240 1,513 894 1,435 8,849 3,000 3,111 1,284 2,564 1,849 7,573 i4s 9 6 6 660 12,167 6,Si6 2 0 1 545 1,280 232 ISO 337 347 455 Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 b) Reserve for contingencies All other liabilities 6,874,358 756,014 74,532 12,025,011 827,202 4,133,537 759,315 987,152 504,226 376,328 2,106,241 413,607 295,S17 434,72s 302,311 879, TOTAL LIABILITIES Commitments to make industrial advances 23,543 2,640 9,490 349 1,358 2,36s 307 49 1,517 82 323 50s 4,492 MATURITY DISTRIBUTION OF BILLS AMD SECURITIES Total Bills discounted Bills bought Industrial advances U. S. Government securities 8,011 3,096 23,521 2,430,227 Within 15 days 6,324 1,623 1,592 41,439 l6 to 30 days 91 473 39S 39,009 31 to 60 days 726 612 65,316 6l to 90 days 1,094 274 737 200,919 91 days to 6 months 338 1,932 251,497 Over 6 months 23,200 1,831,547 FEDERAL RESERVE NOTE STATEMENT ON SEPTEMBER 16, 1936 (In thousands of dollars) B-SOld Total Boston New York Phila# Cleve. Rich. Atlanta Chicago St.Louis Minn* Kans*Cy. Dallas SaJi Fran. Federal H6S6rv6 notes* issued to P.E. "bank iy F.R.agent *+,3^,616 378.131 927,2*t9 311,1*63 ^25,929 202,363 202,11+5 9*+9,Sl6 180,765 Held "by Federal Reserve tank 30^,158 20,31^ 91,^1 1^,517 27,559 12,21+0 20,1*10 33,365 9,342 In actual circulation 4 , 0 ^ 5 8 357,817 835,Ste 296,9*+6 398,370 190,123 182,005 916^51 171,^23 133,152 166,300 97,21+8 375,055 5.795 12,066 8,908 48,511 127,357 15^.23^ 88,3^0 326,5^ Collateral held "by agent as security for notes issued to "bank: Gold certificates on hand and due from TJ. S. Treasury Eligible paper U. S. Gov't securities Total collateral H,325,838 396,000 935,706 31^.000 1+27,000 203,000 l6l,000 966,000 151,632 129,000 165,000 98,£00 379,000 6,1+11 721 3,798 370 101 157 93 — 536 — 72 ^62 101 83,000 ~ — — — >+5,000 — 30,000 5,000 3,000 — — 1+^15,2^ 396,721 939,5<& 31^,370 1+27,101 203,157 206,093 966,000 182,168 13^,000 .168,072 93,962 379,101
@FedFRASER