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STATEMENT FOR TEE PRESS Released for publication Friday morning, August 24; not earlier* B-801 Federal Reserve Board August 23• 193^ • CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended August 22, as reported "by the Federal Reserve banks,was ,000,000, a decrease of $2,000,000 compared with the preceding week and an increase of $221,000,000 compared with the corresponding week in 1933* On August 22 total Reserve "bank credit amounted to $2,^57,000,000, a decrease of $11,000,000 for the week. This decrease corresponds with a decrease of $4,000,000 in Treasury cash and deposits with Federal Reserve banks and increases of $15,000,000 in Treasury and National bank currency and $4,000,000 in monetary gold stock, offset in part by increases of $8,000,000 in member bank reserve balances and $4,000,000 in money in circulation. There were practically no changes in the System's holdings of bills discounted, bills bought in open market, or United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended August 22, 1934, w e r e a s follows: Increase or decrease since Aug. 22 1934 Aug. 15 1934 Aug. 23 1933 (in millions of dollars) Bills Bills U. S. Other discounted bought Government securities Reserve bank credit * + l -11 -I3O - 2 +338 - 7 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and National bank currency 2,1+57 7,923 2,390 -11 + 4 +15 +199 +3,9^2 +110 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R. banks Nonmember deposits and other F.R.accounts 5.3^7 4,072 2,972 U39 + k + 3 + 1+2 20 5 2,432 — — — 4 +1,640 +2,653 Sk *Less than $500,000, Released for publication Friday morning, August 24,1934; not earlier. B-g01a ASSETS AMD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMB IL-TED (In thousands of dollars) Aug. 22,1934 Aug. 15,1934 Aug. 23.1933 14,963,361 4,961,374 — 24,034 228,660 — 24,313 22kMS 951.607 2,601,596 36.277 243.577 5,216,055 5,210,143 3.833.057 2,356 2,006 8,451 3.437 16.379 19,816 5,ll4 29s 3.820 16.387 20,207 5.198 214 114,119 150,145 7.350 467,565 1,271,709 692,250 467,499 1,271,707 692,251 442,903 848,506 802,605 2,431,524 2,431,457 2,094,014 428 428 1,854 2,457,180 3,l4l 4o4,76l 52,775 54.759 2,457,504 3.125 16,703 470,989 52,77^ 51,917 8,207,734 8,265,161 6,571,956 A S S E T S Gold certificates on hand and due from U. S. Treasury Gold Redemption fund - F. R. notes Other cash Total reserves Redemption fund - F. R. bank notes . . . Bills discounted: Sec. by U.S.Government obligations . . Other bills discounted 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 TOTAL ASSETS 16,727 36,026 2,253,363 3.740 18,667 349,018 54,454 51,206 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 3,105,028 32,303 3,102,373 32,651 2,984,978 129,296 4,072,321 >773 9,513 201,775 4,064,270 57.894 8,l47 203.261 2,431,915 %»173 21,538 153,712 Total deposits Deferred availability items Capital paid in Surplus Reserve for contingencies All other liabilities 4,327,382 408,230 146,514 138,383 22,545 27,349 4,333,572 464,045 146,423 138,383 22,544 25,170 8,207,734 8,265,161 . . TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances 70.2$ 528 345 70.1$ 642 80 2,656,338 348.045 146^137 272,599 12,105 l6,408 6,571,956 67.9$ 39.096 ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 22, 1934 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta B-SOlb Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Gold certificates on hand and ^,963,361 369,350 1,763,815 260,340 379,1+02 162,807 103,305 1,068,843 171,355 122,702 167,214 91,370 302,858 due from TJ. S. Treasury 24,034 1,856 1,324 2,680 3,050 2,069 4,011 1,592 820 1,091 • —887 Redemption fund - F. R. notes 471 4,183 Other cash 22S,660 19,550 55.306 36,674 12,706 g,089 13,108 13,408 5,100 12,042 9,792 3: Total reserves 5,216,055 390,756 1,820,445 299,694 395,15s 172,965 120,424 1,102,267 183,228 137,201 177,893 96,941 319,083 — — — — Redemption fund - F.R.bank notes 250 2,086 2,336 Bills discounted: 164 105 218 300 Secured by U.S.Govt, obligations> 730 70 1,583 155 3,437 15 25 57 l4 150 214 283 Other bills discounted 10,318 4,351 8 138 240 30 13s 495 16,379 — Total bills discounted Bills bought in open market Industrial advances U.S. Government securities: Bonds Treasury notes Certificates and bills Total U.S.Govt, securities Other securities Total bills and securities Due from foreign banks F. S. notes of other banks Uncollected items Batik premises All other assets TOTAL ASSETS 19,816 5,114 29s 428 101 32 165,750 30,021 35.99S 17,502 15.940 401,060 83,802 114,190 55,513 50,500 210,945 48,297 62,836 30,547 27.7S7 76,079 225,430 126,834 49 ,693 27,342 167,120 213,024 103,562 94,227 428,343 93,200 16,972 20,389 28,105 31,120 49,135 32,954 89,162 17,126 27,037 IS,132 49,064 65,664 93,144 71,475 166,331 94,712 429,402 93.539 66,001 93,449 10 7 1,670 506 3,065 54,762 17,206 12,430 3,126 1,664 7,337 1,250 242 1,110 S7 1,147 24,071 3,485 342 15.235 1,757 996 1,664 IS,375 4,089 639 300,602 187,243 510,959 777.755 35 16,727 3.141 382 404,761 4i,5i4 3,224 52,775 54,759 52 371 2,457,180 158,134 237 692 8,207,734 595,189 193 185 122 1,846 4o — 659 488 — 308 650 11,901 467,565 27,226 1,271,709 84,150 692,250 46,303 2,431,524 157,679 501 — 255 178 84 — — 5,081 536 37 — 16,165 229 153 265 85 142 10 142 3 23 195 361 17,418 393 791,577 173,167 214,013 104,4l4 300 1,208 341 119 3,284 750 1,015 1,896 101,612 31,703 39,996 35.729 4,300 6,788 3.128 11,455 4,956 1,43s 1.71S 39,008 109 1,006 12,123 2,372 2,240 2,770,675 514,916 658,70s 319,969 232,986 4i4 1,593,547 299,021 218,919 470 71,885 166,887 222 S7 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS 01 AUGUST 22, 1934 (in thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta 650,06s 246,121 3iU,602 144,746 131,460 3,105,02S 244,483 94s 32,303 31,355 F.R.notes in actual circulation F.R.bank note circulation - net Deposits: 4,072,321 279,203 1,706,743 197,284 263,560 124,650 Member "bank - reserve account 21,282 1,167 2,922 1,700 U.S.Treasurer - General account 3,319 ^3,773 253 Foreign bank 5,158 693 639 480 9,513 1,^36 Other deposits 2,189 Total deposits 4,327,332 285,791 l,86o r 4n 206,876 274,77s 128,039 Deferred availability items 408,230 41,8.89 99,050 ^0,210 39. ^ 35,792 Capital paid in 146,514 10,7>+l 4,98b 59,509 15,195 12,962 Surolus 138,383 9,610 45,217 13,352 14,090 5,171 Reserve for contingencies 22,54'=; 2,500 2,300 1,155 1,053 ^,737 All other liabilities 80 674 20,32s 662 562 27,3^ TOTAL LIABILITIES 71,675 2,175 233 Chicago St.Louis 112,862 1+3,213 210,262 86,623 151,31^ 113.916 238,720 657 1,760 313 ^77 153 186 186 220 ^73 719,599 118,434 5,065 2,936 839 8,424 4,363 5,1^5 2,5S1 Minn. Kans.Cy. Dallas San Fran. 771,039 133.524 102,588 3,^89 77,572 11,534 B-SOlc 729,819 52,060 137,328 18,126 4,049 12,681 20,681 4,756 S53 2,969 3,29s 325 2,151 95,857 155,459 118,013 12,680 23,70s 16,888 4,124 4,012 3,113 3,^20 3,613 3,683 257,439 20,879 10,779 9,645 1,026 619 1,133 1,619 301 336 217 331 235 8,207,734 595,189 2,770,675 514,916 658,70s 319,969 232,986 1,598,547 299,021 218,919 300,602 187,243 510,959 Ratio of total reserves to deposit ana F. R. note liabilities combined 70.2 Contingent liability on bills purchased for foreign correspondents 528 Commitments to make industrial 345 advances 73.7 103 63.4 67.0 66.2 72.5 57.6 73.4 68 62 25 23 18 80 37 25 67.6 82 66.3 69.I 21 15 60.1 18 68.2 18 160 25 MATURITY DISTRIBUTION OF BILLS M D SHORT TEEM SECURITIES Bills discounted 3ills bought Industrial advances Certificates and bills Municipal warrants To tal Wi thin 15 days 19,816 5,11^ 13,5^ 298 692,250 428 3,522 69,3^7 428 l6 to 30 days 4,859 . 39 444 3 23,022 31 to 60 days 719 539 3 110,497 6l to 90 days 619 609 9 120,26s 91 days to 6 months 62 106 369,116 Over 6 months 9 177 46 FEDERAL RESERVE NOTE STATEMENT ON AUGUST 22, 1934 (in thousands of dollars) Total Federal Reserve notes: Issued to F.R.Bank by F.R.Agent Held by Federal Reserve bank Boston Hew York Phila. Cleve. Rich. Atlanta B-SOld Chicago St.Louis Minn. ICans„Cy. Dallas San Fran. 3.393.650 272,196 288,622 27,713 752,378 264,272 329.229 154,043 152,306 102,310 18,151 14,627 9.297 20,848 802,846 138,935 107,287 119,137 31,807 5.351 4,599 6,275 In actual circulation 3,105,028 244,483 Collateral held by agent as security for notes issued to banlc: Gold certificates on hand and due from U.S.Treasury 3,131,656 276,117 Eligible paper 9,623 84 U.S. Govt, securities 289.500 650,068 246,121 314,602 144,746 131,460 771,039 133,584 102,588 Total collateral 3.^30.779 276,201 753,706 221,000 282,431 120,340 6,205 1.261 501 336 43,000 50,000 35.000 86,385 255 70.000 753.911 265,261 332,932 155,676 156,640 809,513 123,936 308 180 96,000 37 48,787 252,232 5.57^ ^1.970 111,290 50,175 200,763 69 16,000 11,500 10,000 809,821 140,116 107,537 121,359 265 — 122 54,000 50,440 254,885 FEDERAL RESERVE B A M NOTE STATEMENT ON AUG-UST 22, 1934 (in thousands of dollars) Federal Reserve bank notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank In circulation - net* Total Boston New York Phila. 43,849 11,546 1,511 563 32,130 775 10,208 10.208 32,303 9^8 31.355 49,^74 5.000 32,474 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Frat Collateral pledged against outstanding notes: Discounted and purchased bills 12,000 U. S. Govt, securities ^9.^74 5,000 32,474 12,000 Total collateral •Does not include $98,369,000 of Federal Reserve bank notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States.
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