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SIATEMT FOR THE PHSSS Released f o r p u b l i c a t i o n Friday morning, Dec. 22; not e a r l i e r # 3-801 Faderal Reserve 3oard December 21, 1933 COiTDI'TTOl-T OF FSDERA1 HES3R73 BJffiES The d a i l y average volume of Federal Reserve bank c r e d i t outstanding during the week ended December 20f as reported by the Federal Resjrvo banks, was $2,687,000,000, an increase of $20 f 000 f 000 coraoared with the preceding week and of j000,000 compared with the corresponding week i n 193 On December 20 t o t a l Reserve bank c r e d i t amounted to $2,Ss6,000,000, an i n crease of $9,000,000. f o r the week# This increase corresponds with an increase of $86,000,000 in money in c i r c u l a t i o n o f f s e t i n p a r t by an increase of $5^,000,000 in Treasury currency, a d j u s t e d , and decreases of $21,000,000 in unexpended c a p i t a l funds, nonmember d e p o s i t s , e t c . , and $2,000,000 in member bank reserve balances. The System* s holdings of b i l l s discounted and of b i l l s bought in open market decreased $3,000,000 each. Holdings of the various c l a s s e s of United S t a t e s Government s e c u r i t i e s were p r a c t i c a l l y unchanged* Changes in the amount of Reserve bank c r e d i t outstanding and in r e l a t e d items during the week and the year ended December 20, 1933> were as follows: Increase or decrease since Dec. 20 1933 Dec. 13 1933 Dec. 21 1932 ( I n m i l l i o n s of d o l l a r s ) Bills Bills U» S. Other discoimted "bought Government s e c u r i t i e s Reserve "bank c r e d i t TOTAL RESERVE BAM CREDIT Monetary gold stock Treasury currency a d j u s t e d Money i n c i r c u l a t i o n Member bank reserve balances Unexpended c a p i t a l funds,nonmember depo3-its>etc 115 " 3 113 - 3 2,6S6 + 9 4,323 1,970 +54 5,SU9 +S6 2,636 - 2,^32 25 ksk 2 -21 - 155 + 80 + 5S1 + 506 - 165 + 60 + 119 + 190 + 93 Released f o r p u b l i c a t i o n Fri:la;/ morning, December 22, 1933;not e a r l i e r . B~S01-a ASS3TS A3D LIABILITIES OF TB3 T1SEL7E F3DE5SAL H3333VE BAKKS COMBINED (In thousands of d o l l a r s ) Doc. 20,1933 Doc. 13t1933 Dec. 21, 1932 ASSETS Gold with Federal Reserve agents . . . Gold redemption fund with U.S.Treasury Gold held exclusively a g a i n s t F.R.notes Gold settlement fund with F*R. Board . Gold and gold c e r t i f i c a t e s held by hanks Total gold reserves . . . . Other cash* Total gold r e s e r v e s and other cash Redemption fund - F.R. bant notes . . B i l l s discounted: Sec. by U»S.Government o b l i g a t i o n s Other b i l l s discounted . . . . . . Total b i l l s discounted . . . B i l l s bought i n open market . . . . U. S. Government s e c u r i t i e s : Bonds . . . . . . . . . Treasury notes C e r t i f i c a t e s and b i l l s . . . . . . Total U.S.Government s e c u r i t i e s Other s e c u r i t i e s . . . . . . . . . . Total b i l l s and s e c u r i t i e s . . Gold held abroad . . . . . . . . . . Dae from f o r e i g n "banks • F . R. notes of other banks . . . . . Uncollected items . . . . Bank premises All other a s s e t s . . . . . . . . . . TOTAL ASSETS 2,599,939 46,oio 2,617,93^ 44,292 2,645,999 6^3,750 2,662,226 230,335 3,570,os4 191,724 3 t 76l,SOS 13,S36 33,529 76,659 115,188 113,375 442,709 1,053,704 935,125 2,431,59s 1,494 2,661,655 62.3,665 280,714 3,571,605 216,680 3,738,285 2,297,515 to, 350 2,337,865 321,91+2 451,814 3,111,621 239,604 3,351,225 13,527 33,458 . 72*126 118,184 116,158 77,373 192,937 270,315 33,221 442,713 420,703 286,90s 933,595 2,431,608 1,143,088 1,055,300 _ 1x515. 2,667,535 — 1,350,699 5.571 2,159,806 95,550 2,868 y+4,233 54,804 . ^5,101 3,517 15,043 431,482 ^4,804 53.632, 358,810 58,212 35,302 7,001,832 7,027,832 6,075.329 3,091,871 3,038,172 2,756,363 212,839 208,853 2,635,63s 43,831 4,673 51,303 10,207 66,128 2,811,780 2,637.936 93,91^ 3,33^ 17,061 13,556 L I A B I L I T I E S F . R. notes in a c t u a l c i r c u l a t i o n . . F . R. bank notes i n actual c i r c u l a t i o n Deposits: Member bank - r e s e r v e account . . . Government Foreign bank Special deposits - member bank . . nonmember bank Other deposits . . . . . . . . . . Total deposits Deferred a v a i l a b i l i t y items . . . . Capital paid in Surplus . . . . . . . . . . . . . . All other l i a b i l i t i e s . . . . . . . . TOTAL LIABILITIES . . . . Ratio of t o t a l gold r e s e r v e s arid 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 . . . . . * Nnthar cash" does not includc F- R. 423,609 144,926 272,599 38,208 7,001,832 63.7$ 14,478 53,931 — 2,446,056 36,249 19,221 — 10,264 81,085 2,391,608 425,430 145,300 273,599 ,39,370 7,027,832 63.9$ 19,872 2,521,393 341,SS4 151,33^ 259,421 45,429 6,075,329 63.5$ 2,894 36,171 3.659 tcs or a "bank's own F.R.'banls: n o t e s . ASSETS ASSETS iiro LIABILITIES OF THE FEDEItAl EESE3VE 3A1IKS Oil DECEMBER 20, 1933 (In thousands of d o l l a r s ) Total Boston ITew York P M l a . 2,599,529 193,172 563,706 174,000 Gold with. Federal Reserve agents Gold redemption fund with U.S.Treas. 46,010 2,0Ug 11,216 4,315 Gold h e l d exclusively a g a i n s t 2,645,999 200,220 574,922 173,315 F . R. notes Gold settlement fund with F.S.Board 643,750 25,804 134,473 19,226 Gold and s o l d c e r t i f . h e l d by banks 280,335 21,969 189,276 11,934 3,570,034 247,993 898,671 209,475 Total gold r e s e r v e s Other cash* 191,724 16,060 44,102 29,539 Total gold r e s e r v e s & other cash 3,761,808 264,053 942,773 239,064 Redemption fund - F.R. bank n o t e s 13,336 1,250 3,239 1,310 S i l l s discounted: 19,06s 6,048 Sec. by U.S.Govt, o b l i g a t i o n s 33,529 5,033 27,532 20,224 Other b i l l s discounted 76,659 2,507 Total b i l l s discounted 46,650 26,272 115,138 7,5^0 B i l l s bought i n open market 113,375 26,903 9,531 7,318 U. S. Goverxment s e c u r i t i e s : Bonds 442,709 24,389 170,046 28,063 Treasury notes 1,053,704 71,000 361,368 74,083 C e r t i f i c a t e s and b i l l s _ 935,135 62,282 300,267 64,964 Total U.S. Govt, s e c u r i t i e s 2,431,598 157,671 831,681 167,120 — Other s e c u r i t i e s 904 1,494 510 Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks r . R. n o t e s of other banks Uncollected items Bank premises iJ.1 other a s s e t s TOTAL ASSETS 2,661,655 192,114 270 3,334 17,061 3H7 444,233 ^6,735 54,804 3,280 4^.101 425 Clove. Rich. A t l a n t a 214,770 136,475 90.8SO 5,331 1,757 3,327 220,101 133,232 63,357 28,144 4,866 1,077 288,324 lb7,453 13,600 3,491 94,207 13,339 2,072 109,618 10,463 301,924 175,944 120,081 1,31s 233 1,064 2,848 6,116 8,964 12,99s 519 4,612 5,131 4,305 44s 6,074 14,174 213,024 73,562 71,244 — — 333,766 201,720 234,936 37,993 82,074 1,108 13s 349 123 389 3,764 409 1,033 1,150 971 107,5^3 36,446 40,459 37,333 16,23s 12,818 3,341 6,932 3,23s 2,422 24.028 4.504 2,122 3.205 718,005 123,971 66,884 190,706 37,219 16,227 2,489 552 307 911,200 161,497 83,663 26,562 10,146 8,037 937,762 171,643 91,700 500 596 2,131 4,756 32,161 11,861 10,736 96,347 35,532 32,206 84,516 31,169 28,252 — . Chicago St.Louis Llinn. Kans.Cy. Dallas San Fran. 710,937 122,613 ' 65,251* 97,290 44,074 131,763 7,013 1,353 1,630 l,2l4 833 5,913 3,039 3,l6l 6,200 5,626 3,7 36 3-S01-b 745 705 93,504 44,957 137,681 30,004 44,353 40,393 10,927 3,733 31,133 139,435 93,5^3 259,212 9,10s 5,644 9,922 148,543 99,137 269,134 Sl4 S29 552 95 1,932 127 1,766 1,450 2,077 4,S72 4,249 1,393 5,617 4o4 155 505 1,373 909 2,02S 4,999 13,153 76,950 14,492 16,30s 14,009 is,52s 177,26s 41,927 26,264 133,125 36,731 23,034 437,343 93,200 65,606 — 80 457,717 99,522 72,012 10 431 15 656 1,218 3,693 57,339 23,120 n,557 7,609 3,285 1,747 530 1.501 1,549 25,m 36,933 25,5^2 75,229 32,399 22,405 65,991 33,341 66,475 166,331 ™ 90,351 72,383 181,512 247 102 102 1,496 2,011 313 27,9^1 17,202 22,320 3,571 1,797 4,264 1,429 1,092 930 7,001,832 503,474 1,984,039 487,633 589,123 309,239 226,759 1,463,231 299,333 179,779 274,435 192,390 431,24-7 * "Other cash" does not include F . E. n o t e s or a "bank's own F. R. ban!.:: n o t e s . ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMKS OH DECEMBER 20, 1933 ( I n thousands of d o l l a r s ) L I A B I L I T I E S Rich, A t l a n t a Total Boston Hew York P h i l a . Cleve. 655,329 236,660 292,403 160,29s 125,ISO F.R.notes i n a c t u a l c i r c u l a t i o n 3,091,871 234,777 F.R.barik n o t e s i n a c t u a l c i r c u l a t i o n 212,839 20,478 54,007 22,214 25,968 4,559 5.216 Deposits: 2,635,633 16S,331 964,934 129,746 170,524 S5.691 57,562 Member "bank - r e s e r v e account 43,831 531 9,964 6,7-29 6,231 2,173 Government 5,087 U.673 146 439 Poreign bank 413 1,292 163 305 51.303 Special d e p o s i t s : member "baric 4,552 7,277 5,47S 1,S53 2,071 532 10,207 123 272 1,392 601 1,427 nonuenber bank 66,128 31,624 57S 6,ll4 1.583 3.495 1,552 Other d e p o s i t s Total d e p o s i t s Deferred a v a i l a b i l i t y iter.ss Capital p a i d in Surplus A l l other l i a b i l i t i e s TOTAL LIABILITIES Ratio of t o t a l gold r e s e r v e s 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 p u r chased f o r f o r e i g n correspondents 175,307 1,014,443 146,667 188,338 92,069 64,077 99,945 35,270 44,95s 3S,173 34,664 14,467 53,27s 15.91S 12,331 5,024 4,4is 10,869 35,053 29,242 28,294 11,616 10,544 20,460 38.20s 1,125 1,009 2,857 16,979 1,712 3,066 7,001,832 508,474 1,934,039 437,633 539,123 303,239 226,759 2,311,780 423,609 144,926 27S,599 63.7 3,659 64.3 211 56.5 62.4 1,732 62.7 304 236 69.7 63.4 113 101 Chicago St,Louis B-SOl-c Minn. Kans.Cy. Dallas San Fran, 782,398 1^5,679 93,^05 107,645 ,42,914 215,123 29,536 7,560 7,359 9,652 12,121 14,119 515,681 92,44o 3,845 1,541 543 142 19,539 3,239 3 4,392 1.135 5,023 540,746 107,277 58,096 24,072 12,833 3,944 39.^97 10,186 5,125 1,115 1,46s,231 299,333 70.9 53,75s 114,347 334 660 121 96 1,033 2,611 303 25 874 1,672 57,522 118,362 10,334 25,523 2,876 4,087 7,019 8,263 1,264 953 179,779 274,485 67.9 376 9a 60.8 65.7 67 s4 103,812 173,762 236 6,450 121 292 325 2,783 658 1,239 11,239 105,733 200,189 is,712 19,395 3,713 10,635 8,719 19,701 97s 2,025 192,890 431,247 66.7 64.3 34 203 MATURITY DISTRIBUTION 0? BILLS ATD SHORT TERM SECURITIES Total B i l l s discounted B i l l s bought in open market C e r t i f i c a t e s and b i l l s Municipal warrants Within 15 days 115,133 S7.656 113.375 935,1S5 1,494 23,473 97,095 1,378 l 6 to 30 days 6,715 9,544 73,34s 50 31 to 60 days 9,496 41,617 90,963 30 6 l to 90 days 10,171 38,492 285,244 36 "Other cash" does not include F . R. notes or a b a n k ' s own F . R. bank n o t e s . 91 days to 6 months 1,008 249 203,006 Over 6 months 142 185,529 FEDERAL BESERVE 1T0TE STATEMENT Oil DECEMBER 20, 1933 (In thousands of d o l l a r s ) Total Boston Federal Reserve n o t e s : Issued to F.R.barik by F.R.agent 3,369,109 255,971 Held "by Federal Reserve "bank 277,238 21,19*4In a c t u a l c i r c u l a t i o n 3,091,871 234,777 C o l l a t e r a l h e l d "by agent as s e c u r i t y f o r notes issued to baric; G-old and gold c e r t i f i c a t e s 1,475,244 74,555 Gold fund - F. R. Board 1,124,745 123.617 , E l i g i b l e paper 184,456 33,096 U.S. Govt, s e c u r i t i e s 544,000 27,000 Total c o l l a t e r a l 3,^+28,1+1+5 258,268 Hew York P h i l a . Cleve. Rich. A t l a n t a B-g01-d Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 655,329 236,660 292,403 l60,298 125,180 823,459 151,S98 97,477 115,221 48,762 255,574 4l,06l 6,219 4,072 8,176 5,848 Ho,391 782,393 145,679 93,405 107,61+5 1+2,91U 215,183 433,606 80,100 1+0,377 160,000 764,083 101,610 107,270 72,390 107,R00 20,003 19,711 60,000 80,000 25l+,003 3l4,4si 1+1+5,987 28,1+18 29,751+ 18,1+90 20,574 265,000 9l+,200 35,500 78,800 25,500 17.459 5»ss'+ 5,^15 6,751 5.665 110,000 25,coo 27,000 16.000 838,1+1+6 153,502 97,669 120,o4i 49,739 74i,ssb 252,400 311,077 169,037 145,703 86,551 15,7^0 18,674 8,789 20,523 52,100 21,880 84,375 69,000 7,7S4 7,967 26,000 1+8,000 170,259 146,847 91,000 90,763 14,344 65.000 261,107 FEDERAL RESERVE BARK NOTE STATEMENT ON DECEMBER 20, 1933 ( I n thousands of d o l l a r s ) Total Federal Reserve bank n o t e s : Issued to F.R.Bank(outstanding) Hold by Federal Reserve bank In a c t u a l c i r c u l a t i o n Eoston ITew York- P h i l a . Cleve. 235,361 22,929 22,^22 2,1+51 212,839 20,1+78 63,973 26,097 27,058 9.966 3.£53 1.090 5V007 22,214 25,968 Discounted and purchased bills U.S. Govt, s e c u r i t i e s 2,072 256,774 30,000 64~274 26,500 Total c o l l a t e r a l 258,846 30,000 Rich. Atlanta i+,583 21+ 5,701+ Chicago St.Louis 30,751 7,^0 2S0 Minn. Kans.Cy. Dallas San F r a n . 8,051 9,852 200 13,544 14,979 4.559 4ss 5,216 30,JOO 5.000 240 7.000 36,000 164 9.000 10.000 10.000 i4.ooo 15.000 64,274 26,500 31,668 5,000 7,240 36,000 9,164 10,000 10, m 14,000 15,000 1.165 29,586 7,560 -622. 7,359 lfl+2'^ 9,652 12,121 14,119 C o l l a t e r a l pledged a g a i n s t outstanding notes: 1,668
@FedFRASER