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STATEMENT FOR THE PRESS B-S01 Released for publication Friday morning, August 31; not earlier. Federal Reserve Board August 30, I93U. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal the week ended August 29, as reported by $2,^61,000,000, a decrease of $3,000,000 crease of $19^,000,000 compared with the Reserve "bank credit outstanding during the Federal Reserve "banks, was compared with the preceding week and an incorresponding week in 1933• On August 29 total Reserve-"bank credit amounted to $2,^63,000,000, an increase of $6,000,000 for the v/eek. This increase corresponds with an increase of in member bank reserve balances and a decrease of $2,000,000 in monetary gold stock, offset in part "by decreases of $23,000,000 in Treasury cash and deposits with Federal Reserve banks, $9,000,000 in nonmember deposits and other Federal Reserve accounts and. $2,000,000 in money in circulation and an increase of $13,000,000 in Treasury and National bank currency. The System's holdings of bills and securities remained practically unchanged, an increase of $9,000,000 in holdings of United States Treasury notes being offset by a decrease in holdings of Treasury certificates and bills. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended August 29, 193^, were as follows: Increase or decrease since Aug. 29 Aug. 22 -Aug. 30 (in millions of dollars) Bills Bills U. S. Other discounted bought Government securities Reserve bank credit TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and National bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmember-deposits a,nd other F.R.accounts 21 5 2,^32 +l - - — R + 5 7.3S1 2,403 + 6 -2 +13 .5,3^5 U.127 -2 +55 2-M3 H30 -23 - 9 -132 — p +303 +165 +3,940 +122 +ko +1,700 +2,605 -119 Released for publicotion Friday morning, August 31.193i; B-801a earlier. ASSETS AKD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Aug. 29,195*+ Aug, 22,1934 Aug. 30,1933 ASSETS Gold certifica.tes on hand and due from 4,979,432 Gold Redemption fund - F. R, notes Other cash Total reserves Redemption fund - F. R. bank notes . . . Bills disco-anted: 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 sec\irities . . Dae from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 4,963,361 — 24,293 24,034 235.917 5,239,692 2,112 223,660 5,216,055 2,336 M!i6 3,437 lSj;6i 21,007 ILlza 19,816 5,247 810 5,114 29 s 467,339 1,2S 1/420 632^41 ^•67,565 1,271,709 692,250 2,431,802 _19l 2,459,257 3,127 17,334 401,225 52,775 5b,324 8,232,346 2,431,524 423 2,457,130 3,141 16,727 404,761 52,775 54,759 3,207,734 950,940 2,601,424 35,633 3,327,930 3,200 33,217 115,003 153,220 6,900 — 441,637 860,945 826,140 2,128,772 1,354 2,290,746 3,710 14,916 343,469 54,455 52,013 6,595,439 LIABILITIES 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 Reserve for contingencies All other liabilities 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 3,103,239 31,933 4,126,973 3,105,02s 32,303 2,974,180 4,072,321 43,773 9,513 2,426,539 67,933 131,244 29,936 11,23s 192,636 4,360,333 4,327,332 2,697,039 Hoo.soo 146,529 403,230 146,514 339,604 146,147 273,593 133,333 22,545 23,534 3,232,346 70.2$ 573 357 201,775 133,333 22,545 27,349 S-, 207,734 70.2$ 52S 3U5 39,732 162,680 12,105 lo,521 6,595,439 67.5$ 39,099 ASSETS M D LIABILITIES OF THE FEDERAL RESERVE BAEKS OK AUGUST 29, 1934 (in thousands of dollars) ASSETS Total Gold certificates on hand and due from U. S. Treasury Redemption f-und - F. R. notes Other cash Total reserves Redemption fund - F.R.bank notes Bills discounted: Secured by U.S.Govt, 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.Govt, 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 Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis B-SOlb Minn. Kans.Cy. Dallas San Fran. 4,979,^2 363,770 l,77l.7H 252,75^ 376,471 163,463 100,637 1,099,0^0 170,559 125,526 166,1+51 24,293 1,825 1,187 3,llS 3,007 2,216 3,986 1,51*0 SOS 1.0S5 SSI 235,917 19.36U 58,000 36,711+ 13,103 8,659 13,571 33,958 92,749 296,351 1+6S 1+.172 5,239,692 38!+,959 1,830,39s 292,586 392,581 17^,338 118,191+ 1,134,53s 182,019 l4o,o47 173,01+1 98,133 313,358 — — 250 2,112 1,862 — — — — — — 4,i46 185 16,861 21,007 5,21+7 810 1+67,839 10,783 207 12,1+21+ 371 1,979 — 27,226 1,281,1+20 81+.695 682,51+3 ^5,758 2,1+31,802 157,679 391 — 2,1+59,257 158,257 3,127 17,831+ 1+01,225 52,775 56,824 1,636 22 236 399 38,636 3,224 667 1+6 165,7^9 405,332 206,674 833 ^,332 275 368 5,165 536 117 61+3 1+83 25 30,022 35,999 39,370 114,929 1+7,728 62,097 192 110 730 489 183 S 681 293 178 202 738 193 — 17,500 55,873 30,189 15,952 50,827 27,1+60 777,755 167,120 213.025 103,562 94,239 — — 356 — 35 792,239 173,29^ 211+.181 104,1+36 9^,912 300 109 31+1 119 1,195 i+,590 891 818 1,1+1+9 721 105,693 29,807 37,815 34,229 11,432 11,^55 1+1,228 1+.300 4,887 6,788 1,^93 3,128 1,692 2,372 2,238 90 15 182 15 137 197 85 206 152 142 15 197 50 135 212 I85 142 3 361 76,080 16,166 17,378 17,272 20,390 226,698 50,013 31.325 49,453 33,166 125,565 27,021 16,926 26,719 17,919 428,343 93,200 65,629 93,444 71,475 28,105 20 110 122 650 101 — 4o — — 70 — 429,832 93,^72 66,117 93,808 4i4 10 87 7 1,203 3,510 725 1,3^7 53,556 7,387 1,214 17,289 3,126 229 11,887 1,664 1*111 — 89,739 48,487 166,331 — 71,832 166,877 222 87 270 1,911 24,320 19,906 16,655 3,485 453 1,757 999 4,089 613 8,232,81+6 586,628 2,789,160 505,936 65MI+9 319,391 230,075 1,630,1+51 297,3^8 221,558 301,5^1 192,981+ 503,725 ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 29, I93I+ (In. thousands of dollars) L I A B I L I T I E S Total 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 Reserve for contingencies All other liabilities TOTAL LIABILITIES Boston 3,103,239 21+3,886 1,057 31,933 New York Phila. 73.3 Rich. Atlanta 61+8,705 21+5,593 3 1 ^ 1 3 1^6,977 129,615 30,876 — 4,126,973 276,290 1,7*+2,367 191,631+ 29.936 2,207 3,U29 1,770 11,238 479 693 6,882 192tGo6 2.067 6,098 125,591 *+,360,833 281,01+3 1,878,269 200,195 100,71+1 28,1+33 U00 ; 800 38,538 59,509 15,200 1I+6.529 10,738 1+5,217 13,352 13S,383 9,610 22,5^+5 1,053 2,500 *+,737 21,106 28>5314 703 663 8,232,81+6 586,628 2,789,160 505,936 Ratio of total reserves to deposit and F. R. note liabilities combined JO.2 Contingent liability on bills purchased for foreifii correspondents 573 Commitments to make industrial advances 357 Cleve. 1+7 148 71,253 2,57^ 233 2,777 Chicago St.Louis Minn, Kans.Cy. Dallas San Fran, 772,1+57 132,660 102,921 112,1+56 1+3,888 209,718 752,970 120,018 1,1+60 5,123 839 220 3,57^ 15,129 762,506 136,827 272,516 127,1^ 76,837 55,698 17,770 37,13^ 33,881+ 11,169 i+,oi+9 12,681+ i+,986 4,369 12,961+ 5,11+5 20,681 4,756 ii+,090 5,171 2,969 S53 2,581 2,300 1,155 3,1+56 632 7^ ^33 359 65MI+9 319,391 230,075 1,630,1+51 297,31+8 66.9 65.6 72.5 263,275 120,73U 1+.92U 2,952 253 639 1,233 5,650 63.6 57.3 68 62 25 23 18 80 37 25 B-SOlc 67.5 73.9 82 89,926 150,801+ lli+,176 233,526 2,51+6 1,^35 1,232 28l+ )+ 73 187 2,561+ 2,31+6 17,502 98,518 156,101 118,11+1+ 252,733 12,31+1+ 2*+, 396 21,820 18,873 l+,12l+ 1+,012 10,778 3,116 3,^20 3.613 3,683 9,61+5 1,133 1,026 619 301+ 1,619 232 213 359 221,55s 301,5^1 l92»9Si+ 503,725 69.5 21 37 187 .153 8,155 60.6 66.3 15 — 67.8 18 18 160 MATURITY DISTRIBUTION OF BILLS AUD SEORT TERM SECURITIES Total Bills discounted Bills bought Industrial advances Certificates and bills *uniciT>al warrants 21,007 5,2l+7 Within 15 days 17,667 3,59^ 810 682,51+3 1+3,600 331 391 *Less than $500,000. 16 to 30 days 1,581+ H56 2 5^,523 31 to 60 days 811 7I+I 5 10l+,325 6l to 90 days 8&1+ I+56 10 110,815 91 days to 6 months 55 137 369,280 Over 6 months 6 656 1+6 FEDERAL HBSEHVE HOTS STATEMENT ON AUGUST 29, 1934 (In thousands of dollars) Total Boston lTe^r York phi la. Federal He serve notes: 3,^32,H99 271,792 Issued to F.H.bari-i by F.R.Agent 2G9.210 27,306 Held by Federal Reserve ba-ik In actual circulation 3,103,239 243,386 Collateral held by agent as security for notes issued to bear?:: Gold certificates on hand and due froin U.S.Treasury 3,130,656 276,117 Eligible prper 105665 20( U.S. Govt. securities 296,000 — Total collateral 3.437.341 276,32^ 7^7,676 9S.S71 648,705 Cleve. Rich. Atlanta 263,282 329t232 155.761 I5itl79 17,689 1*4,819 6,784 21,56^ 245,593 3l'4,Ul3 146,977 129,615 753f706 212,000 282,4pl 121,340 6,572 1,337 643 35S 81,335 293 50,000 50,000 35,000 72,000 760,278 263,337 333,074 156,69s 153,678 3-S01d Chicago St.Louis Minn. Zans.Cy. Dallas San Fran, 8OS,020 137.99S 107,067 118,443 49,117 252,932 35,563 772,457 5,338 4,l46 5,927 5.229 ^3,214 132,660 102,521 112/456 43,888 209,718 819,513 122,936 99,000 111,290 50,175 200,763 73s 105 37 71 212 112 16,000 9,000 10,000 -54,000 820,251 139.041 108,037 121,361 50,387 254,875 FEDERAL RESERVE BAeTK 1T0TS S^TEIiMT OH AUGUST 29, 1934 (In thousands of dollars) Total Boston Hew York Phila. Federal He serve banl: notes: Issued to F .3 .bankC outstanding) Held by Federal Reserve bank In circulation - net* Collateral pledged against out s t andin^ no te s: Discounted and purchased bills '43,125 11,192 1,511 454 31,406 31.933 CI eve. 10,208 -- 1.057 30,576 V. S. Govt. securities 5.000 31,474 12,000 — Total collateral 48,4/4 ..5,000 53O 10,208 31,474 12,000 ~ Rich. Atlanta — ~ Chicago St.Louis ~ Minn. Xans.Cy. Dallas San Jr.an. -- — •Does not include $96,976,000 of Federal Reserve bank notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States.
@FedFRASER