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STATEMENT FOR THE PRESS Released for publication Saturday morning, Dec. 2; not e a r l i e r . B-SOl Federal Reserve Board December 1, 1933* CONDITIO!? OF FEDERAL RESERVE BABES The daily average volme of Federal Reserve bank credit outstanding during the week ended Kjov ember 29, as reported by the Federal Reserve banks, was $ 2 , 9 0 0 0 , 0 0 0 f an increase of $10,000,000 compared with the preceding week and of $3S0,000,G00 compared with the corresponding week in 1932. On November 29 total Reserve bank credit amounted to $2,5ol,000,000, an i n crease of $19,000,000 for the week. This increase corresponds with an increase of $89,000,000 in money in circulation and a decrease of $53,000,000 in Treasury currency, adjusted, o f f s e t in part by decreases of $11*1,000,000 in member bank reserve balances and $3,000,0)0 in unexpended capital funds, nonmember deposits, etc. B i l l s discounted increased $3*000,000 at the Federal Reserve Bank of ITew York and $7,000,000 at a l l Federal Reserve banks. The System's holdings of b i l l s bought in open market increased $U,000,000, of United States Treasury notes $4,000,000 and of United States bonds $1,000,000, while holdings of Treasury c e r t i f i c a t e s and b i l l s decreased $4,000,000* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended November 29» 1933* were as follows: Increase or decrease since Kov# 29 JL22I- Hov# 22 1933 ITov* 30 , 1932 (In millions of dollars) Bills Bills U» S. Other discounted bought Government securities Reserve bank credit TOTAL HESSEVE BA13X CB3DIT Lionet.'try gold stoclt Treasury currency adjusted + 2,^32 7 2,5S1 4,323 1,907 Money in circulation 5,743 Member bank reserve balances 2,573 Unexpended capital funds,nonmeaber deposits, e t c . 496 J + 4 + 1 +S +19 + + - -53 - +S9 -nU - S + + + 190 11 531 l 379 17 16 95 162 S9 Released for publication Saturday morning, Dec. 2,1933; not earlier. 3-801-a ASSETS AHD LIADILITIES OF THE T'TELYE FEDERAL IBS E2VE 3 ASKS COX IUED (in thousands of dollars) JTov. 29,1933 ITov. 22, 1933 2,618,254 40,888 2,627,779 2,659,1^2 673,403 240,693 2,666,297 668,409 21+1,074 3,573,238 204,583 3,575,780 Nov. 30,1932 ASSETS Gold with Federal Reserve agents . . . . Gold redemption fund with U.S.Treasury , Gold held exclusively against F.R.:iotos Gold settlement fund with F.R. Board . , Gold and gold c e r t i f i c a t e s held "by banks Total gold reserves . . . . . Other cash* Total gold reserves and other cash Sedenption fund R. bank notes , B i l l s discounted: Sec. by U.S.Government obligations Other b i l l s discounted Total b i l l s discounted . . . . 3 i l l s bou>at in open market . . . . U. S. Government securities: Bonds . . . Treasury notes Certificates and b i l l s . . . . . . Total U.S.Government securities Other securities Total b i l l s and securities . . . Due from foreign banks . , F. R. notes of other banks Uncollected items Bank premises . . . . . . . All other assets TOTAL ASSETS 38,518 2,242,398 4o,o4s 2,282,446 339,926 426,952 3,049,324 227,086 3,802,866 11,85s 261,106 3,319,030 103,253 205,720 119,04l 23,866 28,464 83,688 112,152 20,294 308,973 34,880 442,675 1,03U,003 954,959 442,212 1,030,473 958,409 2,1+31,637 1,580 2,576,124 2,431,094 420,714 377,693 1,052,359 1,850,766 1,580 5,411 2,565,120 2,200,030 2,861 12,256 3,777,821 11,990 36,959 82,082 3v523 15,434 375,332 54,732 50,442 3,579 16,658 396,168 — 353,468 54,732 49,689 58,169 6,865,398 6,900,670 5,985,694 3,030,329 205,394 2,970,210 200,S97 2,692,286 2,572,942 81,519 5,324 2,687,291 2,410,594 39,880 L I A B I L I T I E S F.ft.notes in actual circulation . . F.ft.bank notes in actual circulation » Deposits: Member bank - reserve account . . . . Government Foreign bank Special deposits - member bank . . nonrnember bank Other deposits Total deposits Deferred availability items . . . . Capital paid in . . Surplus . . ' All other l i a b i l i t i e s TOTAL LIABILITIES Ratio of total gold reserves and other cash* to deposit and F.R.note l i a b i l i t i e s combined Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 55,006 14,331 67,352 31,216 S,824 57,269 13,958 — 23,535 25,947 — — 24,150 69,128 2,867,686 2,484,226 145,194 402,536 145,152 278,599 35,790 354,109 151,591 259,421 44,o6l 6,865,398 6,900,670 5,935,694 2,796,474 373,730 278,599 35>678 64.8$ 2,893 65.1$ 3,218 64,1$ 32,329 * "Other cash" does not include F. H. notes or a bank's own F.R.bank notes. ASSETS AMD LIABILITIES OF TEE FEDERAL RESERVE BANKS ON NOVEMBER 29, I933 (In thousands of dollars) ASSETS B-SOl-b Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve agents 2,613,254 221,872 551,706 163,000 209,770 130,475 95,200 737,972 120,572 65,354 96,490 44,074 181,763 Gold redemption fund with U.S.Treas. 40,888 1,681 9,732 4,287 5,007 1,532 2,922 4,256 l,4l4 1,654 l,26g 920 6,165 Gold held exclusively against F. R. notes 2,659,142 223,553 Gold settlement fund with F.R.Board 673,403 26,915 Gold and gold c e r t i f . held by banks 240,693 21,705 Total gold reserves 3,573,238 272,173 204,583 16,028 Other cash* Total gold reserves & other cash Redemption fund - F.R.bank notes B i l l s discounted: Sec. by U.S.Govt, obligations Other b i l l s discounted Total b i l l s discounted B i l l s bought in open market U. S. Government securities: Bonds Treasury notes Certificates and b i l l s Total U.S.Govt, securities Other securities Total b i l l s and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 3,777,821 288,201 1,250 11,990 561,438 167,287 214,777 132,057 179,790 13,135 60,346 24,987 147,621 12,53S 1,059 ^,799 98,122 13,399 2,933 888,849 192,960 279,922 158,103 114,504 ^5,033 27,834 is,372 10,569 12,196 933,882 220,79^ 298,294 168,672 126,700 247 248 2,932 1,015 1,360 742,228 121,992 193,279 33, 27s 2,79^ 93S,301 155,721 29,070 9,825 67,008 651 103 2,710 6,886 1,072 1,884 5,795 2,624 45,208 8,114 25,922 6,485 7,679 823 7,098 2,039 9,596 2,089 442,675 24,390 1,034,003 69,607 954,959 63,67^ 2,431,637 157,671 — 1,580 170,046 355,069 28,068 72,636 66,4i6 32,161 94,458 86,405 11,860 10,759 76,951 173,9^3 186,449 2,576,124 165,722 885,996 195,591 224,709 *±10 370 1,159 56s 682 4,893 29,242 3^,676 100,599 12,818 3,791 6,932 29,001 2,106 ^,579 3,869 2,634 17,646 119,04l 23,866 6,503 1,54s 3,523 15,434 375,332 5^,732 50,442 285 370 43,869 3,280 27,562 20,586 5,413 883 34,836 306,566 31,867 831,681 167,120 213,024 78,563 510 933 — — 35,931 146 1,055 31,536 3,23S 3,321 6»S65,39S 503,408 1,971,280 455,990 569,129 294,147 31,575 28,932 71,266 — 79,763 131 1,053 12,391 2,422 3,S52 44,994 137,92s 18,250 34,952 42,535 3,709 31,066 455 85,713 i 4 i , s o s 83,655 261,529 6,205 11,622 9,528 s,30i 967,371 165,5^6 94,OI4 151,336 89,860 273,151 854 667 500 2,250 309 35S 5,336 36,959 82,082 97,753 32,364 11,686 2,631 2,510 639 621 1,260 19s 2,305 2,503 689 704 2,936 227 74O 2,733 2,283 1,391 2,886 595 765 16,301 14,009 25,771 36,209 23,550 33,123 437,3^3 93,200 65,622 83,3^1 — 14,493 4i,io4 37,603 77 — — 18,526 25,111 25,041 22,908 73,75^ 67,466 66,475 166,331 — 447,072 95,356 69,180 86,540 68,439 171,320 108 261 508 108 22 15 2,674 694 590 1,160 291 l,4o4 45,320 15,5H 9,539 21,313 14,529 16,307 7,609 3,285 1,797 ^,254 1,7^7 3,559 1,672 951 596 1,050 1,705 1,17S 226,564 1,474,476 281,36s 176,444 266,221 177,056 469,315 * "Other cash" does not include F. R. notes or a bank's own F. R. bank notes. ASSETS AND LIABILITIES OF TEE FEDERAL RESERVE BAMS OH NOVEMBER 29, 1933 B-SOl-c (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 663,789 233,284 282,074 154,095 122,50U 757,181 143,370 90,669 104,731 40,405 213,6S2 3,030,329 224,5^5 F.R.notes in actual circulation 5,027 9,^71 13,103 12,090 30,242 5,93S 53,751 1S,2S3 26,126 4,59s 5,52S F.R.bank notes in actual circulatio: 1 205,394 21 t 177 L I A B I L I T I E S Deposits: Member bank - reserve account Government Foreign bank Soecial deposits: member bank nonmember bank Other deposits Total deposits Deferred availability items Capital paid in Surplus All other l i a b i l i t i e s TOTAL LIABILITIES Ratio of total gold reserves and other cash* to deposit and F.R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 2,572,942 172,480 6,460 81,519 5,324 502 55,006 544 1^,331 i,64o ^7,352 2,796,474 121,626 373,730 43,963 — 145,194 10,363 272,599 20,460 35,67s 774 934,795 116,603 24,656 3,351 745 722 4,924 7,227 1,948 1,249 504 32,862 999,231 130,355 95,330 27,436 58,467 15,737 S5,05S 29,242 15,654 166,521 74,591 55,965 5,091 4,949 3,230 241 26s 631 2,054 2,207 5,934 211 67s 170 1,653 1,535 3,331 133,121 86,513 34,137 31,323 12,372 4,934 28,294 11,616 2,945 1,008 5,539 69,112 11,623 4,428 10,544 2,825 16,070 S94 21,340 3,930 1,117 533,553 46,299 12,9^5 39,^97 ^,759 53,576 111,36) 89,865 173,933 3,118 1,307 4,001 2,293 1,993 158 234 4si 199 199 1,192 2,4-02 3,923 2,791 M3 40 291 657 5,157 616 2,189 11,412 1,800 4,307 98,662 60,135 116,91s 93,973 193,275 is,116 9,476 21,725 16,109 is,133 2,370 4,243 3,933 3,725 10,612 10,186 8,263 8,719 19,701 7,019 870 1,022 1,822 1,09s 1,248 6,865,393 503,403 1,971,280 455,990 569,129 294,147 226,564 1,474,476 281,368 176,444 266,221 177,056 469,315 64.8 2,893 71.0 56.2 294 285 60.7 4io 64.1 386 70.1 152 66.1 137 72.2 68.4 507 133 62.3 68.3 90 113 66.9 113 67.I 273 MATURITY DISTRIBUTION OF BILLS AllD SHORT T3BM SECURITIES Total B i l l s discounted B i l l s bought in open market Certificates and b i l l s Municipal warrants 119,04l 23,866 95^,959 1,530 Within 15 days 91,804 5,623 66,092 l,4s6 16 to 30 days 9,534 MS7 274,882 14 31 to 60 days 3,507 4,775 l46,o9S SO 6l to 93 days 7,356 8,700 ss,7i4 91 days to 6 months 1,096 Over 6 months 222,067 156,506 * "Other cash" does not include F. R. notes or a bank's own F. R. bank notes. 81 194 FEDERAL RESERVE NOTE STATEMENT ON NOVEMBER 29, 1933 (In thousands of dollars) Federal Reserve notes: Issued to F.E.tank by F.R.agent Held "by Federal Reserve "bank Total Boston 3,26USS91 237,226 23^562 13,31*1 3,030,329 22^,5^5 In actual circulation Collateral held by agent as security f o r notes issued to bank Gold and gold c e r t i f i c a t e s 1,513,07s Gold fund - F. R. Board 1,105,176 147,318 Eligible paper 96,276 6,547 U. S. Govt, securities 597,600 l4,Q00 Total collateral 3,312,130 242,419 ITew York Fhila. Cleve. Ricli# Atlanta 731jSSS 246,025 297,6^0 161,265 142,392 6s,099 12,7^1 15,566 7,170 19,888 663,7.39 233,284 282,0?4 15M95 122,504 523,606 100,280 107,270 52,100 21,200 23,100 62,120 102,500 70,375 74,000 37,6^1 13,776 9,561 5,446 5,679 165,000 70,000 so,0:0 26,jjO 1 '\J'-J\J 4s,; 75^,3^7 246,776 299,331 161,921 lUs.879 3-S01-d Chicago St.Louis 791,951 151,Hi4 3^,770 S.oWt Minn. Sans.Cy. Dallas San Fran. MSO 112,562 44,512 252,607 7,851 757,181 1^3,370 90,669 104,731 U.107 36,925 5+0,405 213,682 28,378 29,85^ 17,690 20,57^ 91,000 292,000 92,200 35,500 78,800 23,500 90,763 5,581 1,712 1,897 2,095 1,726 4,615 70.000 50,300- 50,000 2S.600 16.jo; 793,553 152,290 95,851 11^,525 ^5,800 256,37s H45,972 FEDERAL RESERVE BJfflK BOTE STATEMENT ON NOVEMBER 29, 1933. (In thousands of dollars) To tal Boston ]>Tew York p h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.C/. Dallas San Fran, Federal He serve bahk notes: Issued to F.R.3ank(outstanding) Held by Federal Reserve bank 225,5^4 20,150 23,363 2,186 10,115 63,866 20,283 2,000 27,299 1,113 4,598 6,217 689 31,370 1,128 6,138 200 5,5^ llL 9,900 429 14,509 i,4o6 12,457 367 In actual circulation 205,39^ 21,177 53,751 18,283 26,186 4,598 5,528 30,2^2 5,938 5,027 9,^71 13,103 12,090 1,94s 2^7,27U 30,000 64,274 21,000 30,000 5,000 2H3 7,000 36,000 7,000 6,000 10.000 16.000 15.000 2U9,222 30,000 61+, 27^ 21,000 31,5^6 5,000 7,2^3 36,000 7,159 6,000 10,000 16,000 15,000 Collateral pledged against outstanding notes: Discomited and purchased bills U.S.Govt, securities Total collateral 1,5^6 159
@FedFRASER