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STATEMENT FOR THE PEESS Released for publication Friday morning, Sept* 27; not earlier * Board of Governors of the Federal Reserve System September 26, 1935 • CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended September 25, as reported "by the Federal Reserve banks, was $2,1+77#000,000, a decrease of $S,000,000 compared with the preceding week and an increase of $13,000,000 compared with the corresponding week in 193^* On September 25 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 $100,000,000 in member bank reserve balances and $13,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $8,000,000 in Treasiary and national bank currency, offset in part by an increase of $57>°00t0°0 i n monetary gold stock and decreases of $6,000,000 in money in circulation and $61,000,000 in Treasury cash and deposits with Federal Reserve banks* Member bank reserve balances on September 25 were estimated to be approximately $2,620,000,000 in excess of legal requirementst Relatively small changes were reported in holdings of discountod and purchased bills and industrial advances* An increase of $4,000,000 in holdings of United States Treasury bills was offset by a decrease of $4,000,000 in 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 25* 1935» W G r e a s follows: Sept. 25 Increase or decrease since Sept. IS Sept. 26 19?? 19ft (in millions of dollars) Bills discounted Bills bought U. S. Government securities Industrial advances (not including 27 million commitments - September 25) Other Reserve bank credit 10 5 2,1+30 30 -1 +2 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and national bank currency 2,1+7^ 9»297 2,382 +2 +57 -S +11 +1,321 Money in circulation Member bank reserve balances Treasury cash and deposits with E.R.banks Honmember deposits and other F.R, accounts 5,626 5*236 2,778 512 +100 -61 -6 +223 +1,266 •^10 -1 +18 +28 -6 -27 -283 +97 Released for publication Friday morning, September 27,1935"»n°t earlier. B-SOla ASSETS A1TD LIABILITIES OP THE TVffiLVE FEDERAL RESERVE B A M S COMBINED (In thousands of dollars) Sept. 25.1935 Sept. 18,1935 Sept. 26.1934 A S S E T S Gold certificates on hand and due from U. S. Treasury 6,551,132 Redemption fund - F. R. notes . . . . 20,031 Other cash 223.585 Total reserves » , , . . . . 6,794,748 Redemption fund - F. R. "bank notes Bills disco-anted: Sccured by U.S.Gov't obligations, direct and/or fully guaranteed .... 4,890 Other bills discounted 4.657 Total bills discounted . . . 9,547 Bills bought in open market . . . . 4,688 Industrial advances 30,132 U. S. Government securities: Bonds . . . . . . . . . . . . . . 238,946 Treasury notes 1,687,969 Certificates and bills 503.281 Total U.S. Government securities 2,430,196 Other securities Total bills and securities Due from foreign banks .... F. R. notes of other barks . . Uncollected items . . Bank premises All other assets TOTAL ASSETS 6,551,132 20,503 218.OUg 6,789,683 4,953,007 22,298 236.651 5,216,956 1,829 4,703 4,935 9,638 4,682 5,395 14.919 20,314 5,812 30,230 1,961 238,97s 1,692,227 395,541 499,068 2,430,273 1,421,720 612.872 2,430,133 321 2,474,563 638 22,119 507.143 50,074 42.473 2,474,823 2,458,547 643 1,819 22,488 433,443 9.S91.75S 9,998,111 8,241,545 3,430,16s 3,426,791 3,134,973 30,479 5.235,730 5.136,134 112,231 224,496 3,969,517 154,512 9,740 175,920, 4,309,689 20,369 619,461 50,071 43.061 52,821 53,642 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 items Capital paid in ..... Surplus (Section 7) . . . Surplus (Section 1 3 b ) . . Reserve for contingencies All other liabilities . . TOTAL LIABILITIES 21,451 240.109 30,694 13,794 9.S91.75S 9,998,111 5,609,521 508,593 130,931 144,893 23,164 430,714 146,752 138,383 22,446 28.109 8,241,545 Ratio of total reserves to deposit and F. R. note liabilities combined . . Contingent liability on bills purchased for foreign correspondents .... 75.2$ Commitments to make industrial advances 26,892 19,10s 225.299 5,605,037 623,209 131,586 144,893 23,164 30,694 12.737 70.1^ 75.2# 753 *26,S4O •Revised figure. 756 ASSETS M D LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 25, 1935 (In thousands of dollars) B-SOlb A S S E T S Total Boston Gold certificates on hand and due from u. s. Treasury 6,551,132 5+28,136 Redemption fund - F. R. notes 20,031 3,431 other cash 223,585 30.594 Total reserves New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San Fran. 2,690,439 363,580 500,164 210,286 150,347 1,217,182 191,073 133,426 186,545 101,01+1 378,863 1,1+95 49,95s 1,782 1,179 29,896 10,986 1,296 9,523 2,939 9,017 1,261+ 9s2 1+31+ 1,017 25,909 ll,3*+5 11,162 12,865 789 5,971 3,l+23 16,359 6,794,748 462,l6l 2,71+l,91+2 395,258 512,329 221,105 162,303 l,2l+l+,355 203,400 ll+5,022 200,1+27 107,301 398,61+5 Bills discounted: 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 4,890 4,657 811 9 2,807 3,881 9,5^7 l+,688 30,132 820 6,6SS 345 2,855 7,278 238,946 14,425 1,687,969 110,320 503,281 32,932 1,806 349 39 108 22 "70C 130 Joa 474 445 1,768 4,315 79,866 16,348 19,069 518,532 124,326 153,218 145,919 36,446 45,737 217 — 217 173 4,573 10,209 12 31 43 169 1,038 8,245 82,022 24,485 66,206 19,763 ii' ' — I89 9 556 1,920 198 80 455 5 56 61 64 2,166 179 133 108 437 105 312 126 1,125 545 122 1,820 145 328 40 819 25,623 9,420 12,977 9,514 15,815 17,435 247,071 76,187 48,336 74,955 46,715 140,081 82,995 22,593 14,276 22,375 13.945 4I,815 Total U.S. Govt, securities 2,430,196 157,677 744,317 177,120 218,024 116,716 94,214 355,689 108,200 75,589 106,844 76,475 :199,331 Total bills and securities 2,474,563 1161,697 760,089 182,297 220,367 121,679 95,464 358,165 108,933 77,880 108,407 78,962 200,623 Due from foreign banks F. R„ notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 63s 22,119 507,143 50,074 42,473 48 330 52,269 3,168 564 9,89l,75S 6*50,237 . 2 53 66 61 24 23 613 1,652 2,057 1,145 6,967 121,772 3,6,722 50,674 43,703 16,490 3,028 6,632 12,029 4,711 2,331 30,024 1,602 1,701 1,172 4,353 2,637 4 1,295 3 1,211 21,450 16,768 2,628 1,580 688 269 479 68,849 4,963 17 1,717 31,369 3,449 347 17 304 45 2,193 28,632 3.869 831 443 18,445 1,686 3,673,076 62!+,020 793,4l6 392,76g 279,358 1,679,73*+ 337,979 242,343 345,733 20S,0i+6 634,1+1+8 ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 25, 1935 (In thousands of dollars) B~201c LIABILITIES Total 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 contingencies All other liabilities TOTAL LIABILITIES Boston New York 3,1+30,168 296,21+0 Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 735»56i 21+9,252 336,^53 i6U,25i 11+2,792 808,050 11+5,617 103,880 130,31+2 62,355 25M75 5i235t73° 292,81+6 2,1+97,^80 237,923 369,103 161,37*+ 100,927 63,153 l+,82l+ 2,61+1+ 7,201+ 1,333 112,231 10,126 1,53s 7,951 2,115 2,030 790 769 21,1+51 2,1+19 123,935 63,190 1,218 2,060 3,81+1+ 2U0,I09 7^7»7°2 1^9,229 102,857 170,759 103,361+ 302,166 1.928 2,92b l,2lU 908 10,652 5,609,521 306,929 2,692,519 308,052 37^,995 171,^28 107,373 508,593 52,89s 121,938 3 5,193 50,81+7 1+2,297 15,861+ 130,931 9,1+75 51,030 12,305 12,320 1+.639 4,171 ll+l+,! 9,902 1+9,961+ 13,1+70 ll+,37l 5,186 5,5^0 23,If 2,871+ 6,957 2,098 1,007 3,335 75^ 30,69!+ 1,61+8 7,500 2,995 3,ooo i r Un 2,517 271 7.607 655 1+23 221 3I+7 13.79*+ 759,703 159,926 112,875 173,21+7 Hl+,632 327,81+2 69,130 22,186 17,317 31,909 20,386 28,628 12,113 3,7*+2 2,993 3,902 i+,oi5 10,226 9,61+5 3,613 3,1+20 21,350 M 5 5 3.777 80l+ l-,ll+2 1,003 1,391 5^7 1,252 2,01+3 891 1,169 832 1,363 5,325 1+15 2£L— m 2k6_ 216 2.672 2,1+78 l+,7Ql+ 61+1 8,128 513 6,579 57H 556 700 9.8Q1+ 1,1+96 13,528 9,891,758 680,237 3,673,076 62i+,020 793,^16 392,768 279,358 1,679,73^ 337,979 21+2,91+3 3*+5,733 208,0i+6 631+,1+1+s Eatio of total reserves to deposit and F.R. note liabilities combined Conmitments to make industrial advances 75.2 26,892 76.6 3,^19 80.0 9,852 70.9 72.0 907 1,757 65.9 61+.9 1,81+7 605 79»H 66.6 520 1,91+9 66.9 65.9 1I+9 60.9 1,171 593 68.1+ ktU8 MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills botight in open market Industrial advances U.S .Government securities 9,5^7 l+,688 3°, 132 2,1+30,196 Within 15 days 7,508 230 2,361+ 30,600 16 to 30 days 31 to 60 days 6l to 90 days 303 1.325 572 2,233 „738 572 33,%9 1+8,985 162,180 91 days to 6 months Over 6 months 71 2,255 187,188 23,739 1,967,801+ F3DERAL RESERVE HOTS STATEMENT ON SEPTEMBER 25, 1935 (in thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta B-SOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Federal Reserve notes: Issued to F.R.bank by F.R.Agent 3.728,120 326,201 Held by Federal Reserve bank 297.952 29,961 8H6,l64- 262,116 352,121 175,280 l6l,288 110,603 12,86U 15,728 11,029 18,^96 8^0,7^5 151,912 108,163 140,068 32,695 6,295 U,2S3 9,226 3.^30,l68 296,240 735,561 2^9,252 336/453 l64-,251 1^2,792 808,050 1^5,617 103,880 130,8^2 62,355 25M75 Gold certificates on hand and due from U. S. Treasury 3.599.588 331.617 Eligible paper 8,091 820 U. S. Govt. securities 162,900 — 853,706 262,930 3^8,^0 153,000 113,685 5,235 388 130 217 ^3 — 5,000 23,000 50,000 850,64-0 136,632 100,500 126,000 — 198 6l 310 — 17,000 9,400 16,000 61,175 261,26 5H5 iW 7.500 35.000 858,9^1 263,31s 353.570 176,217 163,72s 850,64-0 153.S30 109,961 1^2,310 69,220 296,407 In actual circulation 68,566 295,^36 6,211 ^0,561 Collateral held by agent as security for notes issued to bank: Total collateral 3.770,579 332,^37
@FedFRASER