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STATEMENT FOE THE PRESS Released for publication Friday morning, Sepfr# 6; not earliert Board of Governors of the Federal Reserve System September 5» 1935* CONDITIO!? OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended September as reported by the Federal Reserve banks, was $2,^78,000,000, an increase of 000,000 compared with the preceding week and of $8,000,000 compared with the corresponding week in 193^. On September H total Reserve bank credit amounted to $2f1+72,000,000, an increase of $1,000,000 iov the week* This increase corresponds with increases of $77,000,000 in money in circulation and $63,000,000 in Treasury cash and deposits with Federal Reserve banks and a decrease of $13,000,000 in Treasury and national bank currency, offset in part by an increase of $12,000,000 in monetary gold stodj: and decreases of $118,000,000 ill member bank reserve balances and $21,000,000 in nonmember deposits and other Federal Reserve accounts* Member bank reserve balancer, on September k were estimated to be approximately $2,670,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and in industrial advances, An increase of $5,000,000 in holdings of United States Treasury notes was offset by a decrease of $5,000,000 in holdings of Treasury bills* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 1935, w e ^ e as follows: Increase or decrease since Sept. 1+ 19^ Aiag. 28 J3J5™ Sept. 5 (In millions of dollars) Bills discounted 11 Bills bcught . 5 U # S# Government securities 2,^30 Industrial advances (not including 27 million commitments - September U) Other Reserve bank credit TOTAL RISERTB B A M CREDIT Monetary gold stock Treasury and national bank currency 2,If 72 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmember deposits and other 2\Rfaccouats 5,650 5,22s 9,209 2,395 2,7^6 ^52 +2 -13 — -2 1 •« 1 -1 +2S -9 +1 +12 -13 +5 +1,2^6 -17 +77 -118 +63 -21 +231 +1.321 +2k (B-gOl) Released for publication Friday morning, September 6,19355 earlier. B-g01a ASSETS A M LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Sept. 1935 Aug, 28,1935. Sept. ^ ASSETS Gold certificates on hand and due from U. S. Treasury . . • •• Redemption fund - F. R. notes . . . Other cash . . .......... Total reserves Redemption fxmd w F. R. bank notes Bills discounted: Secured by U.S«Grovft. obligations, and/or fully guaranteed. . . . . . Other bills disco-unted . . . . . . Total bills discounted . . . « Bills bought in open market . . . . Industrial advances . . . . . . . , U. S. Government securities: Bonds •*.< Treasury notes Certificates and bills . . . . . . Total U.S. government securities Other securities ....... Total bills and securities Due from foreign banks . . . . F. R. notes of other banks # . Uncollected items • . . » . » • Bank premises All other assets . . . . . . . 20,0^7 206.1+01 6,702,002 ^,960,078 20,1+07 227.12*+ 6,729,762 — 23,329 209,113 5,193,020 1,892 5,^23 3,986 6,1+92 17.145 29,1+30 9,^09 1+.685 29,1+1+7 23,637 5,219 290,230 1,622,752 W.231 290,316 1,612,351+ 521,661 1+67,21+2 1.303,369 660.592 2,1+30,213 2,1+30,331 - - t 6,083 1+.620 10,70s U,6S5 —— 2,1+75.036 6*+o —- 2,1+73.872 6Uo 922 2,1+31.209 356 2,1+61,91+3 3.127 21,196 1+11-3,265 1+9,966 , I»539 1+6.350 66.522 9,792,090 9,765,051 8.233.503 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 13b) . . . . . . . . Reserve for contingencies All other liabilities . . . . f . . . TOTAL LIABILITIES . . . . . Ratio of total reserves to deposit and F* R. note liabilities combined . . Contingent liability on bills purchased for foreign correspondents . . . . . 3^13,933 3,352,057 3.1^9.659 31.^32 Commi"bnents to make industrial advances 26,619 TOTAL ASSETS . . . . , 17,077 ^93,930 1+9,999 ^7,276 1 1+36,531 52,203 L I A B I L I T I E S — 5,22C,li+7 103,062 19.S59 173,227, 5,52^,355 1+98,126 11+4,663 ll+l+,293 22,324 30,777 12, W , 9,792,090 75.0$ 5,3^6,1+37 1+9,277 19,122 193,^29 5,602,265 1+1+7,201 11+6,71+1 ll+l+,393 22,621 30,775 11.292 9,765,051 75.1* — 3.907,169 162,922 11,710 191.120 l+,273,0i+7 1+31+,91+U 146,551+ 132,323 — 22,1+53 37,031 8,233,503 70.0* 579 *26,313 U91 •Revised figures. ASSETS A M ) LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 4, 1935 (In thousands of dollars) B-801b ASSETS Total Gold certificates on hand and due from u. s. Treasury 6,1+81,634 Redemption fund - F. R. notes 20,047 Other cash 206,401 Total reserves Bills discounted: Secured "by U.S.Govt. obligations direct and/or fully guaranteed Other bills discounted Boston 433,655 2,7.38,651 3 I 6,088 4,620 1,945 8 10,708 1,953 Bills bought in open market Industrial advances U. S. Government securities: Bonds Treasury notes Certificates and bills 4,685 29,430 3^5 2,897 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS B S Phila. 290,230 17,279 1,622,752 106,481 517,231 33,917 2,820 3,629 6,449 1,802 CI eve. 307,75^ ^50,903 1,930 1,296 29,053 11.342 28,296 43,283 6,708,082 ^65,1+39 2,782,720 338,737 Total bills discounted Total U.S. Govt, securities New York 319 65 384 475 463,51+1 244 22 266 445 Rich. Atlanta 206,633 1,285 8,316 216,23!+ 152,881 3,068 8,286 164,235 277 30 6 106 307 112 1,751 4,580 169 1,053 98,941 20,005 23.032 ^95,553 119,579 147,888 149,824 37,536 47,105 12,330 79,169 9,992 63,903 6,965 3,876 173 Chicago St.Louis 1,210,570 l,4ll 179,681 1,022 11,309 Minn.Kans.C3r. Dallas San Fran. 134,508 186,591 462 1,0^3 ~62 69 113 98,76s 381,039 806 3,450 5,926 12,266 25,136 11,656 11,532 1,237,117 192,012 146,626 199,166 105,500 396,755 — 10 104 62 556 80 1,973 447 2,102 33,5^7 237,309 84,833 11.37S 73,553 46,672 64 14,194 182 194 45s 652 120 1,145 122 1,830 120 117 237 328 811 11,452 72,3*7 23,045 45,090 135,20s 17,023 21,057 14,362 43,066 2,430,213 157,677 25,217 20,354 744,318 177,120 218,025 116,716 94,249 355,689 108,200 75,569 106,844 76,475 199.331 2,475,036 162,872 759,53** 181,855 220,487 121,776 95,583 358,218 108,831 77,797 108,297 4 17 1,810 32,196 3,449 314 79.079 200,707 17 45 64o 17,077 493,980 49,999 ^7,276 4s 3^9 46,694 3,16s 575 255 11,977 34,807 66 468 35,^31 4,692 4,201 9.792,090 679,145 3,703,606 565,^50 3,515 110,798 61 925 48,019 6,632 1,615 24 1,274 ^5,522 3,028 1,163 23 785 17,601 2,331 1,627 77 2,358 23,269 14,703 1,230 67,416 24,713 4,960 775 2,62s 272 3 1,452 18,l4l 1,580 545 741,280 389,021 282,185 1,670,921 329,690 246,144 345 2,566 21,396 1,685 26,053 9l4 46s 3^.249 208,936 630,^63 3,869 ASSETS AHD LIABILITIES OF THE FEDERAL RESERVE BANKS OK SEPTEMBER 1+, 1935 (In thousands of dollars) B-gOlc L I A B I L I T I E S Total Boston New York Phi la. Oleve. F.H.notes in actual circulation 3,^13,933 295,^7 73s,S71 21+6,629 Deposits: Member bank - reserve account 5.22S, 1U7 305,093 2,53^,909 21+0,385 U.S.Treasurer - General account 103,062 6,932 51,079 1,955 Foreign bank 19,859 1.9&+ 7,323 1,1+28 Other deposits 2,672 173,287 2,300 127,2^9 Total deposits 5,52^,355 310,776 2,721,160 251,953 lll+,232 32,928 Deferred availability items 1+98,126 1+7,56U Capital paid in 57,W3 15,11*+ lV+,663 10,756 Suzplus (Section 7) 1*9,961+ 13,1+70 9,902 ll+l+,893 Surplus (Section ljb) 22,824 2,87^ 2,098 6,957 Reserve for contingencies 1,61+8 2,99.5 30,777 7,500 All other liabilities 218 12,519 2b3 7,% TOTAL LIABILITIES 9,792,090 679,11+5 3,703,606 565,^50 Ratio of total reserves to deposit and F.S. note liabilities combined 75*0 76.8 80,1+ 67.9 Commitments to make industrial advances 26,619 3,1+76 9,720 895 323,0^9 Rich. Atlanta Chicago St,Louis Minn. Kans«Cy. Dallas San Fran. 163,596 13s,077 320,UiU 159,066 108,557 9,7^9 1,885 2,080 1,721 1,353 73^ 2,902 2,9H 33^,128 l6U,U23 113,535 ^7,255 1+5,796 13, W 2 5,186 1,007 3,335 5,5^0 75^ 328 23!+ 233 7^1,280 70.0 1,791+ 1,1+11 2,601 6^,^57 736,355 129,509 107,281 171,093 107,580 M69 2,302 3,772 11,863 2,289 1,207 „ 595 6,981 U76 533 360 6,790 1,91^ 21+9,569 307,905 8,231 516 1,389 1,909 13.361 71+6,598 ll+S.Ql+8 116,836 173,193 111,919 330,886 21,913 26,1+51+ 69,125 25,330 17,685 12,821 5,040 1^,371 3,000 211,995 1UU.99U 102,61+6 129,61+3 21,350 1,391 5,325 2,316 3,952 l+,655 3.135 5^7 1,003 891 373 I 3,1+20 3,613 802 1,169 250 831 271 1+,013 3,777 1,252 1.363 2I+2 10,750 9,61+5 80l+ 2,01+3 312 389,021 282,185 1,670,921 329,690 21+6,11+1+ 31+5,21+9 208,936 630,1+63 65.9 65.3 1,810 601 79.^ 65.3 520 1,91+0 66.8 65.8 1I+9 59.8 1,182 1+1+8 68.1+ l+,08l+ MATURITY DISTRIBUTION OF BILLS AND SECURITIES Total Bills discounted Bills bought in open market Industrial advances U.S. Government securities 10,708 i+,685 29,1+30 2,1+30,213 Within 15 days 9.1H5 698 1,367 20,163 16 to 30 days 31 to 60 days 28U 1+96 1+70 1,571 +61+ 30,800 1,607 105,333 6l to 90 days 712 91 days to 6 months Over 6 months 70 1,9^6 631 1+3,860 2,033 291+.1+5S 23,328 1,935,599 FEDERAL RESERVE NOTE STATEMENT OH SEPTEMBER 4, I935 (In thousands of dollars) Total Federal Reserve notes: issued to F.R.-bajik by F.Rjlgent Held by Federal Reserve bank Boston 3.668,840 322,646 254,907 27.239 Hew York 829,261 90,390 Phila. Cleve. 258,991 343.>+96 12,362 15.447 Rich. Atlanta 172,256 8.660 155.577 17,500 B-SOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 836,306 151,129 107,076 2*1,311 6,135 M3O 137.933 S.295 69,978 5.521 284,186 34,517 3.^13.933 295.^7 738,871 246,629 328,049 163,596 13s,077 811,995 144,994 102,646 129,643 64,457 249,569 Gold certificates on hand and due from U. S. Treasury Eligible paper U. S. Govt, securities 3,489,4-33 326,617 9,247 1,953 209,400 833,706 234,000 329,440 149,000 106,685 266 $,991 3S4 307 113 — 25,000 15,000 23,000 50,000 847,920 127,632 101,500 125,000 61,675 246,263 — io4 ISO 62 235 652 25,000 6,4oo 15,000 8,000 42,000 Total collateral 3,708,085 32S,570 838,697 8^7,920 152,736 107,962 140,180 In actual. circulation bilateral held by agent as security for notes issued to bank: 259,384 3^,706 172,307 156,798 70,327 288,498
@FedFRASER