STATEMENT FOR THE PRESS CONDITION OF FEDERAL RESERVE BANKS

Transcription

1 STATEMENT FOR THE PRESS Released for publication Friday morning, Oct, 30; not earlier. Board of Governors of the Federal Reserve System October 29, 193&. CONDITION OF FEDERAL RESERVE BANKS Tiie daily average volume of Federal Reserve baiik credit outstanding during the week ended October 28, as reported by the Federal Reserve banks, was $2,^71,000,000, a decrease of $l6f000,000 compared with the preceding week and of $6,000,000 compared with the corresponding week in 1935* On October 2S total reserve bank credit amounted to $2,^-62,000,000, a decrease of $1,000,000 for the week.,this decrease corresponds with decreases of $9,000,000 in money in circulation and $8,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $23$000,000 in monetary gold stocl, offset in part by an increase of $39,000,000 in member bank reserve balances. Member ba&k reserve balances on October 2S were estimated to be approximately $2,l60,000,000 in excess of legal requirements. Relatively small changes were reported in the System*s holdings of bills discounted, purchased bills, industrial advances and United States Government securities* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended October 2S, 1936, were as follows: Increase or decrec.se since Oct. 2S Oct. 21 Oct. 30 Bills discounted Bills bought U. S. Government securities Industrial advances (not including 23 million commitments - October 28) Other Reserve bank credit TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency Money in circulation Member bank reserve balances Treasury cash and deposits with F*R. banks Honnember deposits and other P. R# accounts (In millions of dollars) ,^ ,H , ,3^5 2,51^ , , ,079 2,^ k$3-73 (B-S01)

2 Released for publication Friday morning, October 30>1936; not earlier. B~801a ASSETS A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Oct. 28,1956 Oct. 21,1956 Oct. 30,1955 ASSETS Gold certificates on hand and due from U. S, Treasury Redemption fund - F. R. notes. Other cash Total reserves Bills discounted: Secured "by TJ.S.Gov^ obligations,d 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 Other securities Total bills and securities Due from foreign banks. # F. R. notes of other banks Uncollected items Bank: premises., All other assets... b 8,635,231 12,273 2&?fS25. 8,913,929 3,1+21 2,6g6 6,107 3,087 26, ,077 1,^3, ,787 2,1+65, , , ,0b ,609,328 12, ,^7 2,875,346 3,103 3,067 6,170 3,089 26, ,077 1,443, ,787 2,465, , ,301 Us,062 33,307 7,026,623 19, ,953 7,225,303 2,999 3,129 6,128 4,676 32, ,923 1,635, ,162 2,430, ,473,876 64i 21, ,936 50,169 ^1,932 12,065,573 12,106,944 10,381,304 L I A B I L I T I E S F. R. notes im 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.... Ratio of total reserves to deposit and F. R. note liabilities combined.. Commitments to make industrial advances 4,086,21+2 4,091,064 3,5H,319 6,732,003 99,903 65, ,170 7,051, , ,241 27,088 34,236,.. 13,302 6,693,447 88,337 63, ,492 7,009,05s 657, ,243 27,088 3^,236 12,721 5, ,279 25, ,744 6,009,4i4 508, , ,893 23,457 30,69 s 22,254 12,065,573 12,106,944 10,381, $ SO.Ofo 76.5i 22,790 22,nk 27,057

3 ASSETS ASSETS A1JD LIABILITIES OF THE FEDERAL RESERVE BA13KS Oil OCTOBER 2S, 1936 (In thousands of dollars) B-801b To tal Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran Gold certificates on hand and due from U. S. Treasury- S,635,S31 572,964 3,240, , , , ,163 1,733,2>6 259, , , , ,011 Redemption fund -P.R. notes 12,273 1,666 1, b0 2,557 4i ,73S Other cash 265,825 31,027 65,512 32,153 21,547 13,956 11,267 30,074 12,780 6,203 15, is,903 Total reserves 2,913, ,657 3,307, , , , ,987 1,763, , , ,91s 169, ,652 Bills discounted: Secured by U.S.Gov't obligations direct or fully guaranteed 3, , Other bills discounted 2,686 2,091 4s S Total bills discounted 6, ^, l Bills bought in open market 3, , S7 218 Industrial advances 26,299 2,831 6,299 5,059 1,363 2, l,6o ,13^ 824 1,430 1,755 U. S. Government securities: Bonds 37S,077 27, ,381 32,513 3S,235 19,526 15,^31 44,172 18,016 l4,m 19.5S1 15,656 33,355 Treasury notes 1,443, , , , ,967 7! +, , ,634 68, S73 74,747 59, ,334 Treasury bills 608,787 43,636 lbl,638 52,353 61,567 3l,44i 24,847 71,127 29,011 22,723 31,527 25,210 53,707 Total U.S. Gov't securities 174, , , , ,510 99,188,283, ,809 90, , , ,396 Total bills and securities Due from foreign banks F.R.notes of other banks Uncollected items Bank premises 411 other assets 2,^65, ,^ , ,806 59,431 Us,062 3,113 39, , ,4^ ,052 5S0 137,61s 44,249 10,856 5,079 29,532 3, , ,781 99, , ,556 91,91*+ 126, , , ,379 3,H5 1,536 2,551 i,s4i 1,387.1, ,297 53,449 56,06s 22,661 7^,265 25,475 15,76: 31,572 23,990 30,139 6,525 2,919 2,284 4,833 2,452 1,53 3,361 1,526 3,5S0 1,590 1,091 1,375 47s TOTAL ASSETS 12,065, ,323 4,150, , , ,866 37^,696 2,131,S8S 419, , , ,373 S77,4o4

4 L I A B I L I T I ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BAMS Oil OCTOBER 28, I936 (in thousands of dollars) B-SOlc Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kaiis.Cy. Dallas San Fran, F.R.notes in actual circulation 4,036, ,346 S4l,Gl3 299, , ,112 1S6,6S1 919, , ,219 91, ,535 Deposits: Member "bank - reserve account 6,732, ,027 2,920, , , ,005 1,061, , , , , ,116 U.S.Treasurer - General account 99,903 2,610 22,325 3,379 10,744 3,^33 22,405 5,440 3,600 3,53s 4,361 9,030 Foreign "bank 65,1+79 4,796 24,323 6,027 5,963 2,26s 7,51* 1,944 1,55S 1,830 1,SS0 4,472 Other deposits K53S 83,148 1,588 24,345 3,^36, 1, Ju33L Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 13 "b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 7,051, ,40s 130,241 27,083 34,236 13, ,029 59,911 9,402 9,902 2,874 1, ,050, ,677 50,246 50,325 7,744 3,349 Lt3X3_ 418,243 44,194 12,207 13,406 ^,231 3,000 x l 483,999 54,087 12,567 1^,371 1,007 3, ,323 s,733 2,352 2, ,406 54,474 ^.718 5,186 3,^48 1, ,147 22,455 4,248 5, ,563 PIP 1,092, , , , , ,442 75,760 27,881 15,314 31,298 26,246 31,611 12,198 3,757 2,9^3 3,955 3,323 10,177 21,350 4,655 3,I! +9 3,613 3,783 9,645 1, ,003 1,14-2 1,252 1,696 7, , ,32s 1,349 1, , ,065, ,323 4,150, , , ,366 37^.690 2,131, , , , ,373 S77,4o4 Commitments to make industrial advance s 22,790 2,516 9, ,403 2,33s , MATURITY DISTRIBUTION OF BILLS A1TD SECURITIES ,34l Bills discounted Bills "bought Industrial advances U.S.Government securities Total 6,107 3,087, 26,299 Within 15 days 4, ,092 37, to 30 days , to S 134, days 6l to 90 days 525 2, , days to 6 months 162 2, ,773 Over 6 months 21,243 1,77^,992

5 FEDERAL RESERVE 1T0TE STATEMENT Oil OCTOBER 28, I93S (In thousands of dollars) B-goia Total Boston ITew Yorl-r PMla# Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy* Dallas San Pran. Federal Reserve notes: Issued to F.R.bank "by agent ^,388,7^6 313,lib 9^1,^ 3H»922 ^20, ,^71 207,165 9^7, ,775 13^, ,356 99, ,3^7 Held by Federal Reserve baric 302,50^ 19,^28 99*^66 12,735 2^,965 13,359 20,^8*4 28,366 9,712 ^,621 11,137 8,6^9 ^9,382 in actual circulation H,os6,242 3^0,3^6 8Ui,Si8 299, ,5^ 202, , * , ,988 15^219 91,10s 326,585 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. G-ovH securities Total collateral ^63, , ,271 31M70 ^23, , , , ,73^ 137,000 16s,ihi 101, ,020