The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOE THE PRESS B-S01 Federal Reserve Board August 9, 1934. Released for publication Friday looming, August 10; not earlier. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended August 8, as reported by the Federal Reserve banks, was $2,463,000,000, a decrease of $1,000,000 compared with the preceding week and an increase of $248,000,000 compared with the corresponding week in 1933• On August 8" total Reserve bank credit amounted to $2,458,000,000, a decrease of $5,000,000 for the week. This decrease corresponds with decreases of $133*000,000 in Treasury cash and deposits with Federal Reserve banks and $13,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $25,000,000 in monetary gold stock, offset in part by increases of $144,000,000 in member bank reserve balances and $19,000,000 in money in circulation and a decrease of $4,000,000 in Treasury and national bank currency. There was practically no change in the System^ holdings of bills discounted, bills bought in open market and United States bonds* An increase of $6,000,000 in holdings of United States Treasury notes was offset by a decrease of a like amount 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 8, 1934, were as follows: Increase or decrease since Aug. 8 1934 Aug. 1 193^ Aug. 9 -1933 (In millions of"dollars) Bills Bills U. S. Other discounted bought Government securities Reserve bank credit 21 5 2,432 -5 -135 - 3 +3 84 - s +238 TOTAL RESERVE BABE CHHWET Monetary gold stock Treasury and National bank currency 2,45S 7,957 2,357 -5 -»25 - ^ +3,924 Money in circulation Member bank reserve balances Treasury cash and deposits with J,R.banks Nomiember deposits and other If .R. accounts 5»33^ 4,059 2,941 43s +19 +144 -133 -13 +1,683 +2,649 *Less than $500,000. +76 +13 -107 Released for publication Friday morning, August 10;1934; not earlier. B-g01a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Aug. 8.1934 Aug. 1.1934 Aug. 9.1933 4,929,5^8 4,906,009 950,173 2,589,885 37,729 248,833 3,826,620 8,839 ASSETS Gold certificates on hand and due from U. S. Treasury GoId • « . • « . . • . .«.**•< Redemption., fund - F. E. 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 . — 24,357 219,961 5,173,866 2,3^7 24,003 225,891 5,155,903 2,105 3,628 16,922 20,550 5,200 28 4,130 17.£40 21,370 5,206 5 37,412 118,856 156,268 7,636 467,799 1,257,759 706,202 2,431,760 440 2,457,978 3,124 16,519 377,518 52,753 50,878 8,134,983 467,809 1,252,320 -Jllife 2,431,780 465 2,458,826 3,124 17,298 438,558 52,727 441,796 736,083 870,401 2,048,280 l,86l. 2,214,045 4,020 15,822 331,005 54,452 51.384 6,506,187 3,095, 33 3.07s,823 33,864 2,999,245 059,070 2^,595 6,97s 3,914,813 202.280 M92,923 211.978 4,293,249 437,474 2,375,866 24,403 30,922 164,401 2,595,592 8,178,215 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<TreeL3urQrT General, account # , Foreign bank , Other deposits ......... Total deposits .... Deferred availability items . . . . Capital paid in Surplus . . 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 . . . . . . 381,093 146,612 159,59^ 6,S64 126,563 328,816 146,552 13s,3S3 138,383 146,243 278,599 22,51+1 24,9^ 22,5^0 27,330 12,105 19,018 8,134,983 8,178,215 6,506,187 69.9 56 68.4$ 1,085 36,885 70.0 895 ASSETS AITD LIABILITIES OF THE FEDERAL RESERVE BASKS 0!T AUGUST St I33I4. (In thousands of dollars) A S S E T S Total Gold certificates on hand and due from U. S. Treasury Redemption fund - F.R^notes Other cash Total reserves Redemption fund - F.R.bahk notes Bills discounted: Sec. "by U.S.Govt. obligations Ctiier bills discounted Total bills discounted Bills bought in open market Industrial advances U.S.Government securities: Bonds Treasury notes Certificates and bills Boston 2,347 250 2,097 3,62s 16,922 319 93 1,695 10,239 412 11,934 371 1,931 20,550 5,200 28 467,799 1,257.759 706,202 — 27,227 83,164 47,288 2,431,760 157,679 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 2,457,978 15S,462 3,124 236 16,519 359 377.51S 39.628 3,224 52,753 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 4,929,51+8 391,730 1,737.930 270,321 376,615 161,599 110,491 1,047,396 170,937 120,922 172,201 1.900 868 914 1,809 1,108 1,718 24,357 2,275 3,14-3 1,901 3,939 51,626 36,370 11,444 7,754 12,650 219,961 18,51s 30,215 10,539 13,433 9,412 5,173,866 412,i4s 1,791,365 308,966 391,202 171,254 127,080 1,079,329 182,344 135,463 182,527 Total IT.S.Govt, securi^ies. Other securities TOTAL ASSETS Hew York Phila. B-S01b 440 50,878 — 20 — 780 4,530 5,318 537 — — 262 344 139 526 606 665 193 4ss 30 150 180 178 ™ 165,751 30,020 35,997 17,503 15.949 87,775 112,855 54,864 49,908 215,060 49,325 64,173 31,196 28,37S ^96,944 777.755 167,120 213,025 103,563 94,235 405 — 35 — 696 — 791,675 173,380 21^.119 104,421 94,593 341 300 119 105 1.192 621 881 1,449 1,104 4,216 92,066 30,871 34,445 34,130 10,313 4,278 6,788 3,128 2,372 11,455 2,25s 34,823 5,138 1,428 1,801 — — 200 85 20 15 293 185 650 220 308 15 153 168 122 85 5 142 3 — 76,078 16,165 17,342 17,272 223,136 49,110 30,759 48,559 129,129 27,925 17.489 27,613 428,343 93,200 65.590 93,444 — — — — — — 100 - - 87,361 282,045 4,269 513 5,013 12,987 92,887 299,301 15 3^6 50 143 361 142 361 193 — — 20,33.9 28,106 32,560 18,518 83,117 50,108 71,475 166,331 — — 93,757 71,97s 166,885 222 s? 7 87 481 218 2,217 1,223 1,317 2,433 51,808 14,384 10,796 22,970 14,749 21,353 1,664 4,089 3,485 7.3S7 3,126 1,757 494 988 1.231 667 263 1,091 429,178 93,542 4i4 10 8,13^,923 615,003 2,728,889 523»595 6^9,163 316,302 237,829 l,571,56^4 2$k9832 65.988 215,490 30^,637 182,664 494,955 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS OK AUGUST 8, 1934 (In thousands of dollars) L I A B I L I T I E S P.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 B-SOlc Total Boston New York Phila. Cleve. Rich. Atlanta 61+6,966 21+7,539 313,007 ll+2,55l+ 133,222 3,095,333 246,028 872 32,312 33,184 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 769,071+ 133,^97 100,1+22 112,029 1+2,376 208,619 ^,059,070 300,217 1,701,180 2,453 7,156 2*+, 595 1+80 2,623 6,978 202,280 122,540 2,730 1+,292,923 305,880 1,833,1+99 89,606 381,093 1+0,21+1 11+6,612 10,699 59,^72 1+5,217 138,383 9,610 22,51+1 1,053 4,737 2l+,9ll+ 620 17,080 701,1+99 llU,l+76 85,1+72 153,910 111,657 224,524 882 61+8 1,704 1,247 1,552 2,1+65 186 220 186 i+73 839 153 6,061 17,701+ 8,325 3,955 1,215 16,026 710,861+ 133,01+S 95,654 159,298 il4,6io 241,505 52,207 18,31+8 11,037 24,779 16,01s 22,072 12,671 l+,03l+ 3,07s 4,118 4,000 10,776 3,420 20,681 3,613 3,683 9,645 4,756 85I+ 1,026 2,969 617 1,130 1,619 847 3,098 319 183 355 853 203,136 967 3,072 693 639 10,360 7,995 215,156 272,230 127,209 531 253 1,979 129,972 1,918 233 3,390 80,807 29,125 3 M 5 2 32.323 11,285 15,350 12,969 *+>975 4,470 13.352 ll+,090 5,171 5,11+5 2,581 2,500 2,300 1,155 152 319 573 515 8,13!+, 983 615,003 2,728,889 523,595 61+9,163 316.302 237,829 1,571.561+ 294,892 215,1+90 304,637 182,664 494,955 Hatio of total reserves to deposit and 70.0 F.R. note liabilities combined Contingent liability on Mll§ purchased for foreign correspondents 895 66.8 72.2 7^.7 80 166 66.8 116 107 62.8 72.9 59 1+2 39 68.4 l4l 69.1 37 67.3 26 59-2 31 66.4 31 79 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Bills discounted Bills "bought Certificates and bills Municipal warrants Total Within 15 days 20,550 5,200 13,083 706,202 1+1+0 1+99 38,232 1+05 l6 to 30 days 1,1+62 1,212 69,3^8 35 31 to 60 days 5,028 359 87,537 6l to 90 days 872 3,130 lll+,310 91 days to 6 months 97 396,775 Over 6 months 8 FEDERAL RESERVE NOTE STATEMENT 03J AUGUST 8, 1934 (In thousands of dollars) Total Boston New York Phi la • Cleve. Rich. Atlanta Chicago St.Louis B-SOld Minn. Kans.Cy* Dallas San Fran. Federal Reserve notes: 272,01+5 Issued to F.R.Bank by F.R.Agent 3* 3&8-t 293,211 26*017 Held by Federal Reserve "bank 746,901 266,675 329,405 152,56s 153,C4s 804,033 139,644 105,060 119,109 3,095,333 246,028 In actual circulation Collateral held by agent as security for notes issued to bank: Gold certificates on hand and 3,134,156 276,117 due from U.S.Treasury 10,263 412 Eligible paper 281,500 U.S. Govt, securities 646,966 247,539 313,007 142,554 133,222 7^9,074 133,^97 100,422 112,029 42,376 208,619 753,706 226,500 282,431 121,340 87,385 6,324 i,4is 606 324 180 4o,ooo 50,000 32,000 67,000 809,513 122,936 95,000 111,290 48,175 199,763 185 212 46 77 361 us 17r-OOQ 11,500 10,000 54,000 T~ 3,425,919 276,529 760,030 267,91s 333,037 153,664 154,565 809,69s i4o,l4s 106,546 121,367 48,536 253,831 Total collateral 99»935 19,136 16,39s 10*014 19,826 3^,959 6,147 4,63s 7,080 47,719 252,337 5,343 43,71s FEDERAL RESERVE BASS. 1T0TE STATELIEST Oil AUGUST 8, 1934 (In thousands of dollars) Total Federal Reserve bank notes: Issued to F.R.bank( outstanding) Eeld "by Federal Reserve hank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Govt, securities Total collateral Boston New York Phi la, 33,l4l Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 10,208 44,860 1,511 11,676 33,is4 659 872 829 10,208 32,312 50,474 5,000 33,474 12,000 50,474 5,000 33,474 12,000 •Does not include $101,144,000 of Federal Reserve hank notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States.
@FedFRASER