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STATEMENT FOR THE PRESS Released for publication Friday morning, Dec. 15; not earlier # B~801 Federal Reserve Board December lU, 1933• C0EDITI01T OF FEDERAL RESERVE BBSS The daily average volume of Federal Reserve "bank credit outstanding during the week ended December 13, as reported "by the Federal Reserve "banks, was $2,667,000,000, an increase of $64,000,000 compared with the preceding week and of $^731000,000 compared with the corresponding week in 1932 • On December 13 total Reserve bank credit amounted to $2,677*000*000, an increase of $62^000,000 for the week. This increase corresponds with increases of $771000,000 in member bank reserve balances, $5,000,000 in money in circulation, and $5,000,000 in unexpended capital funds, nonmember "deposits, otc«, offset in part by an increase of $2^,000,000 in Treasury currency, adjusted* Bills discounted increased $2,000,000 each at the Federal Reserve banks of Boston and Hew Yor.:i and a like amount at all Federal Reserve banks* The System's holdings of b i l l s bought in open market increased $55,000*000 and of United States bonds $1,000,000, while holdings of Treasury c:crtificates and bills and of United States Treasury notes were practically unchanged. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended December 13, 1933t were as follows: Increase or decrease since Dec. 13 Dec# 6 Dec. 1933 1932 (In millions of dollars) 118 116 2,432 11 +2 +55 +1 +4 + 82 + 581 TOTAL R3S2RVE BAM CREDIT Monetary gold stock Treasury currency adjusted 2,677 ^,323 1,916 +62 + 1+88 +24 - Money in circulation Member bank reserve balances Unexpended capital funds,nonmombor deposits,etc. 5,763 2,632 515 +5 +77 +5 + 100 + 213 + 122 Bills Bills U. S. Other discounted bought Government securities Reserve bank credit — - — 166 9 4-5 8 Released for publication Friday morning, Decembor 15,1933; not earlier, B-SOl-a ASSETS ATD LIABILITIES OF THE TWELVE FEDERAL .RESERVE BAI'KS C01IBI1TED (In thousands of dollars) Dec, 13,1933 Dec. 6,1933 Dec. 14, 1932 2,617,934 44,292 2,662,226 628,665 280,714 3,571,605 216,680 3,788,285 13,527 2,611,364 42,479 2,654,343 639,190 279,318 3.572,851 206,530 3,779,381 12,447 2,282,899 38,931 2,327,830 370,791 394,716 3,093.337 260,219 3,353,556 38,1+58 79,726 118,184 116,158 33,241+ 82,317 115,561 61,284 87,953 196,520 284,1+73 33,769 Ul+2,713 1,055,300 933,595 2,431,608 1,585 2,667,535 3,517 15,043 431,482 54,804 53,639 1+42,172 1,055,300 933,585 2,431,057 1,599 2,609,501 3,519 l4,730 381,643 54,794 50,784 1+20,669 357,448 1,072,609 1,850,726 5,378 2,174,3^ 2,781 13,455 407,925 £8,211 42.889 7,027,832 6,906,799 6,053,163 F. R. notes in actual circulation . . . F.R. bank notes in actual circulation . Deposits: Member bank - reserve account . . . . Government Foreign bank Special deposits - member bank . . . nonmember bank . Other deposits 3,038,172 208,853 3,042,725 208,740 2,713,935 2,637,936 93,?l4 14,478 53,931 10,264 81,085 2,561,180 98,400 9,442 55,101 10,134 81,183 2,424,532 23,700 10,293 Total deposits Deferred availability items . . . . . Capital paid in Surplus All other liabilities 2,891,608 425,430 145,300 278,599 39,870 2,815,440 379,850 145,300 278,599 36,145 2,484,874 396,415 151.415 259,421 47,103 TOTAL LIABILITIES . . . . Ratio of total gold reserves and other cash* to deposit and F. R. note liabilities combined Contingent liability on b i l l s purchased for foreign correspondents 7,027,832 6,906,799 6,053,163 ASSETS Gold with Federal Reserve aeents . . , Gold redemption fund v7ith U.S.Treasury Gold held exclusively against F.R.notes Gold settlement fund with F.R.Board . Gold and gold certificates held by banks Total gold reserves Other cash* Total gold reserves and other cash . Redemption fund - F.R. bank notes , . Bills discounted: Sec. by U.S. Government obligations . Other b i l l s discounted Total bills discounted . . . . Bills bought in open market U. S. Government securities: Bonds Treas-ury notes . . . . . . . . , . . Certificates and b i l l s Total U.S.Government sGCurities . 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 LIABILITIES 63.9$ 2,894 64.5$ 2,894 — 26,349 64.5$ 35,911 * "Other cash" does not include F. 3 . notes or a bank's own F.R.bank notes. ASSETS AMD LIABILITIES OP THE FEDERAL RESERVE BAKES ON DECEMBER 13, 1333 (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Gold with Federal Reserve agents 2,617,934 191,172 563,706 172,000 214,770 131,475 90,830 737,972 125,578 67,254 Gold redemption fund with U.S.Treas. 44,292 2,126 11,400 4,354 4,932 1,801 3,383 5,078 1,395 1,635 Gold held exclusively against 2,662,226 193,298 575,106 176,35*+ 219,702 133,276 94,263 743,050 126,973 68,889 F. R. notes 169,449 36,17s 14,13s 157,742 20,510 53,322 30,088 11,69s Gold settlement fund with F.R.Board 628,665 22,268 564 188,890 11,857 4,833 1,100 Gold and gold certif. held by banks 280,714 21,S40 3,189 2,357 313 Total gold reserves 921,738 208,721 277,857 164,464 108,318 915,688 163,464 83,591 3,571,605 237,406 Other cash* 28,126 11,173 8,327 216,680 17,782 53,621 28,920 15,984 10,218 12,812 Total gold reserves & other cash 3,788,285 255,188 975,359 237,641 293,s4i 174,682 121,130 943,814 174,637 91,918 403 2,2S1 Redemption fund - F. R. bank notes 1,15S 1,250 2,907 1,260 1,45s 397 13,527 239 Bills disco-anted: 634 38,458 5,180 76 2,943 4,136 Sec. by U.S.Govt, obligations 4,183 1,729 18,131 , 727 760 2,194 5,690 79,726 2,412 3,310 Other b i l l s discounted 26,879 20,350 6,S1S 4,828 ASSETS Total b i l l s discounted Bills bought in open market U. S. Government securities: Bonds Treasury notes Certificates and b i l l s 118,184 116,158 6,595 28,049 442,713 1,055,300 933,595 24,390 71,113 62,16s Total U.S.Govt, securities Other secvirities 2,431,60s 157,671 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 2,667,535 192,315 270 3,517 15,043 337 431,482 46,073 54,804 3,280 53,639 421 TOTAL ASSETS 1,585 —— 45,010 25,530 10,954 13,241 8,726 11,756 170,046 361,879 299,756 5,555 5,034 7,419 6,253 1,394 2,270 5,245 13,044 5,051 4,209 32,162 11,860 10,813 74,207 96,501 35,589 32,257 64,845 34,361 31,114 28,201 2S,06S 890,924 201,886 235,73*+ 3SS 1,292 349 4,016 385 787 111,506 3-8,825 40,768 3,841 12,818 6,932 30,762 6,129 2,084 83,935 123 456,64o 13,259 2,422 3,774 51,602 7,609 89,152 138 1,180 37,267 3,238 3,214 — 1,171 187,806 41,013 31,125 259,944 13,920 147,903 9S,30S 273,864 874 732 44,978 43,380 10,921 3,725 138,331 92,083 9,572 6,225 56s 116 454 529 1,991 2,107 5,510 149 3,965 4,114 983 4,186 12,107 14,492 16,287 14,009 18,525 25,111 41,994 26,29s 36,992 25,584 75,349 182,856 36,714 23,003 32,340 22,366 65,871 437,343 93,200 65,588 83,341 66,475 166,331 71,271 • 98,531 28,879 76,950 177,537 331,631 167,120 213,024 78,563 510 992 > B-801~b Kans.Cy. Dallas San Fran. 97,290 44,074 181,763 l>24l 904 6,043 481 2,460 1,688 83 99,645 72,150 90,958 71,644 182,552 102 247 10 102 15 290 1,673 1,336 771 637 19,356 10,157 23,252 16,398 23,019 —. 3,285 549 — 1,747 i,46o 3,571 1,483 1,797 1,149 4,264 926 7,027,832 499,134 2,029,584 490,355 581,953 309,110 226,972 1,466,575 298,661 178,476 269,173 190,562 1+87,277 * "Other cash" does not include F. R. notes or a bank1 s own F. R. bank notes. ASSETS AM) LIABILITIES OF THE FEDERAL RESERVE BANES ON DECEMBER 13, 1933 (In thousands of dollars) L I A B I L I T I E S Total Boston Hew York Phila* Cleve* 3,03Sf172 227,^68 6UU,113 23^,682 287,832 F.R.notes in actual circulation F.R.barjk notes in actual circulation. 20s,353 20,087 52,91*+ 21,707 25,926 Deposits: Member "bank - reserve account 2,637,936 170,167 96i+,7l+i 13^,599 170,691 Government 1+2,302 3,425 5,672 93,9W 653 Foreign tank ll+,l+78 1+13 305 1+39 11,697 5,818 Special deposits: member bank 576 5,072 7^96 53»931 10,261+ 1,528 1,751 nonmember bank 163 SI,085 1,662 Other deposits 1+1,892 1,55^ 695 Total deposits 2,891,608 173,363 1,067,232 lU8,U05 lSl+,311 Deferred availability items 1+25,1+30 1+5,81+2 iol+,677 37,355 1+0,163 Capital paid in 11+5,300 10,869 58,^37 15,918 12,356 Surplus 85,058 29,21+2 28,291+ 278,599 20,1+60 1,01+5 All other liabilities 3,oi+6 3,071 39,870 17,153 TOTAL LIABILITIES 7,027,832 1+99,13^ 2,029,581+ 1+90,355 581,953 Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined 62.0 62.2 57.0 63.7 63.9 Contingent liability on b i l l s purchased for foreign correspondents 2,89^ 211 968 30U 286 — Rich. Atlanta 157,^80 122,532 ^,589 5,398 82,113 60,123 i+,026 1,579 11+6 163 1,782 2,351 266 700 3,967 92,751 36,75^ ^,933 i+,68l 69,11*6 B~801c Chicago St .Louis Minn* Kans.Qy, Dallas San Fran. 768,571 1^3,730 90,930 105,965 Ul,5^7 213,322 29,695 6,1+82 6,516 9,633 12,1+67 13,^39 509,713 25,209 51+3 20,15s 3 1,231 557,^57 96,581 5^,775 113,023 102,072 1,032 1,977 1,1+13 913 96 121 121 1U2 1,081 2,395 3lK) 3,907 306 1+5 ^,770 1*1+0 1,251 5,819 1,1+1+1 112,251 59,676 116,937 105,197 20,850 10,218 22,996 17,901 3,99s 2,876 l+,230 3,726 113 63.2 101 71.2 5,113 292 2,955 732 — 12,055 53,257 12,901 M23 11,616 10,51+1+ 7,019 8,263 39,^97 10,186 8,719 1,161+ 1,21+1 l,ll+9 9S7 2,871+ 1,005 5,197 309,110 226,972 1,1+66,575 298,661 178,1+76 269,173 190,562 69.8 179,338 68.2 376 98 61.0 66.1+ 66 84 16,1+52 20l+,882 23,362 10,633 19,701 1,938 1+87,277 67.0 sk 65.5 203 MATURITY DISTRIBUTION OF BILLS AilD SHORT TERM SECURITIES Total Bills discounted Bills bought Certificates and b i l l s Municipal warrants 118,18^ 116,158 933,595 1,585 Within 15 days 90,302 35,2*40 280,27*+ 1,^39 16 to 30 days 7,^55 9,231 79,500 *+7 31 to 60 days 8,1*53 30,61*7 98,711 63 6l to 90 days 9,350 1+0,516 ll+l+,90l+ 36 # "Other cash" does not include P. K, notes or a bank's oim F. R. "bank notes. 91 days to 6 months 1,259 52k 173,700 Over 6 months 1,365 156,506 FEDERAL RESERVE NOTE STATEMENT Oil DECEMBER 13, 1933 (In thousands of dollars) Total Boston Federal Reserve notes: Issued to F.R.bank "by F.R.agent 3,31*+,1+62 Held by Federal Reserve bank 276,290 In actual circulation 3,038,172 Collateral held by a.~ent as socurity for notes issued to bank: Gold and gold certificates 1,1+75,189 C-old fynd - F. R. 3oard l,ll+2,7l+5 Eligible paper loo,900 U.S. Govt, securities 585,000 Total collateral 3.39M3 1 * Mew York Phila, Cleve. Rich. Atlanta B-SOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 21+8,291 727»705 250,56s 308,717 16^,9^1 11+3,1+87 227,1+68 61+1+,113 23I+,682 287,832 157,1+SO 122,532 95,837 113,970 1+7,01+2 255,761+ 38,702 7*137 H,907 8,005 5,1+95 1+2,1+1+2 768,571 1^3,730 90,930 105,965 1+1,51+7 213,322 1+83,606 101,610 107,270 21,880 1+1+5,972 28,378 7^6,51+2 251,156 315,280 166,321+ li+S,62l+ 824,199 152,566 20,823 7^,555 116,617 33,213 27,000 251,3S5 83,592 15,SSb 20,885 7,1+61 52,100 20,955 80,100 70,390 107,500 79,375 69,000 1+2,836 19,156 20,510 8,81+9 9,7^1+ 11+0,000 60,000 50,000 26,000 Us,000 807,273 150,867 29,75^ 18,1+90 20,57!+ 91,000 292,000 97,200 37,500 7S,800 23,500 90,763 16,227 5,9SS 5,39^ 6,760 i+,926 15,297 70,000 70,000 21,000 27,000 16,000 99,61+8 120,050 1+9,000 267,060 FEDERAL RESERVE 3AHK 1T0TE STATEIETT 01T DECEMBER 13, 1933 (In thousands of dollars) Federal Reserve bank notes: Issued to F.R.Bank(outstanding) Held by Federal Reserve bank In actual circulation Total Boston New York Phila. Clove. 231,1+99 22,61+6 208,853 23,01+8 2,961 20,087 61+,ll+l U,227 52,914 ?1+,130 2,1+23 21,707 27,198 1,272 2,01+6 25l+,27*+ 30,000 6i+,27^ 25,000 30,000 l,6os 256,320 30,000 6i+,27i+ 25,000 31,603 25,92b Rich. Atlanta l+,589 — 4,589 5,798 1+00 5.39S Chicago St.Louis 30,901 1,206 29,695 6,683 201 6,1+82 266 5,000 7,000 36,000 5,000 7,266 36,000 Minn. Sans.Cy. Dallas San Fran. 7»132 6l6 13,669 ll+,3U2 6,516 9,868 235 9,633 12,1+67 13.U39 8,000 8,000 10,000 16,000 15,000 8,172 8,000 10,000 16,000 15,000 1,202 903 Collateral pledged against outstanding notes: Discounted and purchased bills U.S. Govt, securities Total collateral 172
@FedFRASER