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STATEMENT FOR THE PRESS B-gOl Federal Reserve Board December 20, I93U Released for publication Friday morning, Dec. 21; • not e a r l i e r . C01TDITI01? OF FSDEPvAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended December 19, as reported by the Federal Reserve banks, was ,000,000, an increase of $9,000,000 compared with the preceding week and a decrease of $216,000,000 compared with the corresponding week in 1933® On December 19 total Reserve bank credit amounted to $2,^77,000,000, an increase of $15,000,000 f o r the week* This increase corresponds with increases of in money in circulation, $3.61,000,000 in Treasury cash and deposits with Federal Reserve banks and $5,000,000 in nonrneraber deposits and other Federal Reserve accounts, o f f s e t in part by a decrease of $169,000,000 in member bank reserve balances and increases of ^12,000,000 in monetary gold stock and $19,000,000 In Treasury and national bank currency. The System1s holdings of b i l l s discounted, b i l l s bought in open market and United States bonds show practically no change for the week. Industrial advances increased $1,000,000. An increase of $109,000,000 in holdings of United States Treasury notes was o f f s e t by a decrease of a like amount in holdings of Treasury c e r t i f i c a t e s and b i l l s . Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended December 19, 193^> ^oro as follows: Increase or decrease simce Dec. 19 J „ Dec. 12 19ft Dec. 20 1933 (III millions of dollars) B i l l s discounted B i l l s bought U. S. Government securities Industrial advances (not including 7 million commitments - December 19) Other- Reserve bank credit -106 -107 12 20 1 +lH +12 - 5 TOTAL RESERVE BASK CREDIT Monetary gold stock Treasury and national bank currency 2,477 g,19g 2,505 +15 +18 +19 -209 +4,162 +206 Money in circulation Member ba,nk reserve balances Treasury cash and deposits with F.R. banks Nonmember deposits and other F.R.accounts 5 • i5«7 3,9^3 +55 -169 3,221 k2S +161 + 5 Released f o r publication Friday morning, Dec. 21,193*4; not e a r l i e r . B-SOla ASSETS A1TD LIABILITIES OF THE TWELVE FEDEBAL RESERVE BANKS COMBINED (In thousands of dollars) Dec. 19,193^ Dec. 12,195^ Dec. 20,1953 ASSETS 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 . . B i l l s discounted: Secured "by U.S.Gov't, obligations, direct and/or f u l l y guaranteed . Other b i l l s discounted Total b i l l s discounted . . . . . B i l l s bought in open market . Industrial advances 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 A l l other assets TOTAL ASSETS 5.122,762 — 19,454 219,662 5,123,l4s — 19,^77 235,281 945,265 2,572,209 46,010 191,724 5.36I,S78 1,841 5,372,506 1,923 3,761,80s 13,236 4,76s 4,982 4,274 8,607 32,529 76,659 9,256 5,690 10,662 5,622 12,494 395,572 1,507,124 _52I*4Zi 2,430,171 804 22,028 5^1,496 53,372 42,133 113,375 — 395,526 1,398,264 442,709 1,053,704 935,125 2,431,598 1,494 2,455,225 795 12,515 2,661,655 636,367 2,430,217 — 2,456,954 115,188 490,109 3,33^ 17,061 53,276 52,349 444,233 54,so4 45,101 8,490,506 2,451,352 7,001,832 3,231,262 26,752 3,201,456 27,054 3,091,271 212,239 3,9^3,123 232,261 4,111,949 97,750 2,635,632 17,113 166,502 127,63s 4,393,31^ 4s4,303 146,246 132,323 2,811,780 423,609 144,926 272,599 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 . . . . . . . . . Total deposits . . Deferred a v a i l a b i l i t y items . . « Capital paid in . . . . Surplus (Section 7) . . . . . Surplus (Section 13 b) . . . Reserve f o r contingencies . . A l l other l i a b i l i t i e s . . . . TOTAL LIABILITIES Ratio of total reserves 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 Commitments to make industrial advances 18,361 166,548 4,360,293 532,562 146,718 132,323 5,126 22,272 26,532. 2,490,506 70.6$ 5,065 22,293 43,231 4,673 — 32,144 12,092 26,116 8,451,358 7,001,832 70.8$ 651 648 7,399 7,120 63.7$ 3,- 659 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS OH DECEMBER 19, 1934 (In thousands of dollars) ASSETS Total Boston Hew York Phila. Cleve. Rich. Atlanta Gold c e r t i f i c a t e s on hand and due from U. S. Treasury 5,122,762 378,116 1,703,662 282,538 405,101 196,491 Redemption fund - F. fi. notes 19,454 698 1,654 2,606 1,705 2,006 Other cash 219,662 27,823 50,7b4 32,505 9,600 9,576 Total reserves ^^61^78 406,637 1,756,080 317,649 4l6„4o6 208,073 Redemption fund - F.R. bank notes l,S4l 250 1,591 — B i l l s discounted: Secured by U.S.Gov't, obligations, direct and/or f u l l y guaranteed 4,76s S61 506 287 2,537 75 2,949 146 Other b i l l s discounted 3,^39 461 72 57 8,607 Total b i l l s discounted 918 5,536 967 433 147 4o4 5,682 2,055 584 52s 209 B i l l s bought in open market 12,494 Industrial advances 1,651 2,528 748 1,529 775 U. S. Government securities: Bonds 395,572 23,206 l4o,955 25,13s 30,557 14,858 Treasury notes 1,507,124 93,827 475,234 104,810 r*4,ios 65,195 Certificates and b i l l s 527,475 35,63s 161,566 37,172 48,360 23,509 Total U.S.Gov't, ^ec-urj^ties. 2,430,171 157,671 Total b i l l s and securities Due from foreign banks F. R. notes of other banks Uncollected items Bajok premises A l l other assets TOTAL ASSETS 2,456,95*+ 160,644 804 22,028 551,496 53,372 42,133 8,1+90,506 60 344 54,724 3,22^ 594 Chicago St,Louis B-4801b Minn. Kans.Cy. Dallas San Fran. 121,553 1,071,213 200,262 148,279 188,928 114,091 312,468 3,875 1,351 625 337 621 333 3,643 10,628 26,237 10,696 10.80*+ 8.9^8 7.171 14.900 136,056 1,098,801 211,583 159,420 198,567 121,595 331,011 42 57 100 8 172 — 99 108 175 — 302 799 707 797 3.. 115 423 45 48 12 81 93 12 119 80 1,220 433 154 1,038 390 553 13,334 57,704 20.806 18,818 23,857 154 777,755 167,120 213,025 103,562 94,237 62,144 273,102 93,097 ^28,3^3 786,094 171,199 2l4,76l 105,447 95,437 429,955 93,913 66,908 92,524 28 1,274 3,796 105 9 1,381 6 1,164 22 1,204 275 57 2,886 2l4 773 317 842 479 300 87 4,910 713 137,335 51,569 11,625+ 4,661 28,717 4,768 77 31 1,109 2,972 50,946 47,655 6,788 1,367 3,133 1,412 13,545 59,308 21,384 17,825 2,372 1,845 71,394 7,3^9 805 13,797 5S.35? 15,363 37,064 13,181 93,200 65,608 91,544 13,956 37.762 71,475 '166,331 72,679 167,393 38,701 104,712 22 26,415 15,650 29,277 20,314 28,332 3,127 1,661+ 3,544 1,757 4,089 626,537 2,726,651 550,646 691,1+5!+ 363,723 254,837 1,612,21+5 336,61+2 21+5,585 325,455 217,1+81+ 534,21+7 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON DECEMBER 19, 1934 ( i n thousands of dollars) L I A B I L I T I E S Total Boston Hew York Phila. Cleve. Riclw Atlanta 671,5^6 244,313 310.950 173.S96 134,909 3,231,862 271,700 26,752 933 25,819 F.R.notes in actual circulation F.R.bank note circulation - net Deposits: 3,9^3,123 257,092 1,591.35s 211,483 277,165 119,035 73.396 •Member bank - reserve account 59.722 13,299 17.555 16,403 12,767 232,261 15.910 U.S.Treasurer - General account 1.294 is,361 6,6o4 1,870 1,726 083 629 Foreign bank 166,548 2,153 ill,9^5 2,177 3,979 1,720 2,739 Other deposits Total deposits 300,425 137,841 89,531 4,360,293 276,449 54,347 1,769,629 228,829 Deferred availability items 44,670 49,242 45,455 17,603 133,822 532,562 Capital paid in 15,149 13,062 4,975 4,36s 59,600 146,718 10,768 Surplus (Section f ) 45,217 13,352 14,090 5,145 138,383 9.610 5,171 Surplus (Section 13 b) 615 1,050 439 763 378 5,126 Beserve for contingencies 2,300 1,156 2,48b 2,345 22,272 1,053 4,737 A l l other l i a b i l i t i e s 15,666 946 909 938 26,538 229 m . TOTAL LIABILITIES B-SOlc Chicago St.Louis Minn. Sans^Cy. Dallas San Fran, 787,845 144,171 108,303 118,488 54,112 211,629 659,197 128,087 100,1*26 155,087 124,569 246,228 47,327 16,97^ 8,033 9,775 4,093 10,403 2,265 2,547 593 11,331 503 4l4 5,815 3,316 503 1,485 1,277 17,341 711,336 156,985 114,688 168,681 130,650 275,249 70,S23 24,894 13,965 29,403 23,499 24,839 4,062 4,046 10,758 4,085 12,710 3,135 3,613 3,683 9,645 ^,756 20,681 3.420 332 257 733 504 850 i,oo4 2,967 621 1,133 1,620 361 507 5,150 511 566. 220 8,490,506 626,537 2,726,651 550,646 691,454 368,723 254,837 1,612,245 336,642 245,585 325,455 217,484 534,247 Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined JQ,G Contingent l i a b i l i t y on b i l l s purchased 651 f o r foreign correspondents Commitments to make industrial advances 7,399 7&.2 71.9 63.1 67.1 60.6 b6./ 35 330 51 47 19 17 1,272 2.432 107 926 412 601 70.3 73.3 62 16 65.8 69.1 71.5 11 1,026 14 68.0 14 28 35 595 MATURITY DISTRIBUTION OF BILLS AHD SHORT TERM SECURITIES Total B i l l s discounted B i l l s bought in open market Industrial advances Certificates and b i l l s 8,607 5,682 12,494 527,475 Within 15 days 6,865 l,l4o 99 42,399 l6 to 30 days 221 513 146 30,950 31 to 60 days 863 1,271 205 80,317 6l to 90 days 627 2,758 832 78,752 91 days to 6 months 31 1,451 295.057 Over 6 months 9,761 FEDERAL RESERVE ITOTE STATEMENT OS DECIDER 19, 193^ ( I n thousands of dollars) Total Feogral Reserve notes: Issuod to F.E.banh: by F.R.a^ent Held by Federal He serve ba:il-: In actual circulation Collateral held by a^ent as security f o r notes issued to ban!;.: Gold c e r t i f i c a t e s on hand and due froia U. S. Treasury Eli/^iblu paper TJ. S. Govt, securities Total collateral Boston Hew Yor> Phi l a . Clove. Rich. Atlanta 3,540,121 391,492 30S29,792 779,292 262,388 328,571'187.135 1^3.828 3,231,362 271,700 671,546 244,313 310,950 173,896 134,909 3,366,700 305,617 6,932 91s 206,000 — 3,579.632 306,535 107,7^ 18,075 17.621 13,239 788,706 227,000 298,715 157,340 4,055 729 433 120 _ 35,000 30,000 30,000 18,919 90,385 182 651000 792,761 262,729 329,148 137,450 155,567 B-SOld Chicago St.Louis Llinn. IZans.Cy. Dallas San Fran 822,5*57 148,900 112,705 127,103 34,712 4,729 4,402 8,615 787.8^5 144,171 108,303 118,485 61,47s 254,672 7,366 43,043 54,112 211,629 S32,513 144,936 113,500 124,550 62,675 220,763 10Q I70 — 80 12 118 5 > 000 i , Q00 36,000 832,622 150,112 113,500 129,630 62,687 256,881 F3I3PAL HSSjSVE 3&TII FCTS SSCmDSH 19, 1934 (In thousands of dollars) Federal Reserve ban":: notes: Issued to FJ-i.barux(outstandins) Held by Federal He serve bank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills U.S. Govt, securities Total Boston New Tor::: Phi l a . 37.95^ 11,202 1,511 578 26,235 416 26,752 933 25,819 43,274 5,000 26,274 10,208 10,208 Cleve. Rich. Atlanta Chicago St.Louis Minn. Hans.Cy. Dallas San Fran — — —- — — — — — —• —— — — — — — — 12,000 43,274 5,000 26,274 12,000 — Total collateral *Does not include $79,548,000 of Federal Reserve bank notes f o r the retirement of which Federal Reserve oaix^s have deposited lawful money with the Treasurer of the United States.
@FedFRASER