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STATEMENT FOR THE PRESS Released for publication Friday morning, Dec. 28; not earlier. B-SOl Federal Reserve Board December 27, CONDITIO!? OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve Dank credit outstanding during the week ended December 26, as reported by the Federal Reserve banks, was $2,493,000,000, an increase of $22,000,000 compared with the preceding week and a decrease of &205,00Q,00G compared with the corresponding week in 1933• On December 2.S total Reserve bank credit amounted to $2,^70,000, 0 0 0 a decrease of $7,000,000 for the week. This decrease corresponds with a decrease of $U0,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $30,000,000 in monetary gold stock, offset in part by increases of $'41,000,000 in money in circulation, $13,000,000 in member bank reserve balances and $4,000,000 in nonmember deposits and other Federal Reserve accounts. There were practically no changes in the System's holdings .of bills discounted, bills bought in open market, and United States Government securities. Holdings of ' industrial advances increased $2,000,000. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended December 26,. 193^, were as follows: Increase or decrease since Dec. 2o Dec. 19 Dec. 27 (in millions of dollars) 3 Bills discounted Bills bought U. S. Government securities Industrial advances (not including 8 million commitments - December 26) Other Reserve bank credit 2,430 TOTAL B3SEHVE BA2TK CREDIT Monetary gold stock Treasury and national bank currency 2,470 8,228 2.50U M0ney in circulation Member bank reserve balances Treasury cash and deposits with P.2. banks llonmember deposits and other F.R. accounts 5,62s 3,961 3,181 —_ — lH 11 U32 — +2 -102 -105 - 2 - 9 +lk _Q - 7 +30 - 1 -2 A +U,192 +200 +Hl + 91 +1,2Sd +2,836 -5* +18 -Ho + H Released for publication Friday morning, Dec. 28,1934; not earlier. B-SOla ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS C0MBI1TED (in thousands of dollars) Dec. 19,1934 Dec. 27,19" 5,122,395 5,122,762 — — 945,654 2,578,393 44,739 209,356 3,778,142 13,566 Dec. 26,193*+ ASSETS Gold certificates an hand and due from U. S* Treasury • vjO Id Redemption fund - F. R. notes Other cash Total reserves Redemption fund - F. R. "bank notes . . Bills discounted: Secured "by U.S.Gov't, obligations,direct and/or fully guaranteed 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 is,952 213.620 5,354,968 1,677 19,454 219,662 5.36l,87S 1,841 4,820 4,46i 9,281 5,611 13,589 4,76s 3,839 8,607 5,682 12,494 36,925 73,627 110,552 111,083 395,582 1,507,1^527,^75 2,430,198 395,572 1,507,124 527,475 2,430,171 443,166 1,053,163 935,350 __ — — 2,432,179 1,494 2,655,308 2,1+58,679 804 22,6l4 452,135 53,372 43.064 2,456,954 804 22,028 551,496 53,372 42,133 8,387,313 8,490,506 6,993,206 3,261,403 26,603 3,231,862 26,752 3,080,948 210,298 3,961,204 16s,ll4 19,582 16s,016 4,316,916 44i,g43 146,752 138,383 6,459 22,272 26,682 3,943,123 232,261 18,361 166,548 4,360,293 532,562 146,718 138,383 5,126 22,272 26,538 8,490,506 2,675,153 29,720 5,H0 119,177 2,829,160 410,929 144,684 278,599 3,333 16,739 425,900 54,804 45,414 LIABILITIES 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 availability items Caoital paid in Surplus (Section 7) Surplus (Section. 13 b) Reserve for contingencies . All Qjther liabilities TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . .Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances 8,387.313 70.7^ 70.6$ 675 651 8,225 7,399 — 12,092 26,496 6,993,206 63.9$ 3,710 —— ASSETS A M ) LIABILITIES OP THE FEDERAL RESERVE B A M S OH DECEMBER 26, 1934 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis B-SOlb Minn. Kans.Cy. Dallas San Fran Gold certificates on hand and due from U. S. Treasury 5,122,396 Redemption fund - F. R. notes 18,952 Other cash 213,620 373,230 1,767,322 279,505 390,930 197,777 122,249 1,060,943 193,386 141,380 182,496 107,607 305,511 614 662 328 3,632 330 1,923 3,853 1,499 2,525 I,6b2 1,3H 613 9,788 24,688 10,169 10,419 9,818 6,728 14,450 10,930 49,352 32,757 8,612 25,909 5,354,968 399,801 1,818,233 314,787 401,204 209,488 137,032 1,086,942 204,169 152,129 192,927 114,663 323,593 — — — — — — — notes 1,677 250 1,427 Total reserves Redemption fund - F.R. bank Bills discounted: Secured "by U.S.Gov't. obligations, direct and/or fully guaranteed 4,820 4,461 Other bills discounted 9,281 5,611 13,589 1,502 49 1,551 4oU 1,777 395,582 1,507,141 527,475 securities. 2,430,198 23,206 98,827 35,638 157,671 Total bills discounted Bills bo"ught in open market Industrial advances IT. S. Government securities: Bonds Treasury notes Certificates and bills Total U.S.Gov't. Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS — 2,458,679 161,403 60 804 22,614 366 452,135 49,229 3,224 53,372 l+3,o64 567 1,844 3,564 5,408 1,983 810 720 465 1,185 584 2,695 — 252 128 380 528 913 140,955 25,138 30,557 475,234 104,810 134,108 161,566 37,172 48,360 43 51 94 303 832 40 8 48 707 922 14,858 13,535 65,195 59,317 23,510 21,385 62,144 273,102 93,097 428,343 105 64 169 209 1,539 777,755 167,120 213,025 103,563 94,237 785,956 171,584 214,846 105,430 95,466 300 28 31 77 87 591 1,183 3,182 1,621 5,415 99,171 35,981 46,927 40,946 17,281 6,788 3,133 2,372 11,624 4,661 29,668 4,752 1,371 1,406 1,847 — 4o 91 131 154 433 12 154 1,044 85 38 123 390 588 13,798 15,382 13,334 18,818 58,359 37,071 57,705 38,701 21,043 13,181 20,805 13,956 93,200 65,634 91,844 71,475 23,857 104,712 37,762 166,331 177 3 180 115 419 — — — 80 1,617 - 12 430,020 93,914 67,331 92,562 72,685 167,432 105 6 22 22 57 9 1,684 1,101 3,171 1,358 351 2,591 58,750 20,706 12,762 28,386 19,870 22,126 7,38$ 3,127 1,664 3,544 1,757 4,089 794 219 757 344 863 476 8,387,313 614,900 2,751,794 532,443 672,396 363,666 255,647 1,587,171 323,502 236,333 318.886 210,211 520,364 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON DECEMBER 26, 1934 (In thousands of dollars) L I A B I L I T I E S Rich. Atlanta Total Boston New York Phila. Cleve. 3,261,403 274,625 67S,S59 21+7,193 314,292 172,595 1 3 5 , 7 1 2 929 25,614 26,603 B-SOlc Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 796,006 li+l+,73S 102,257 119,204 55.067 214,195 F.R.notes in actual circulation F.B/bahk note circulation - net Deposits: 3,96l,20U 253,403 1,659,964 204,467 262,196 112,125 77,^71 630,927 127,073 100,473 152,350 121,095 24l,660 Member bank - reserve account 1 6 s , 1 1 4 11,356 2,230 1,95s to, 735 964 9,654 53,695 1 1 , 6 3 4 7,529 12,764 739 1,256 U.S.Treasurer - General account 191582 1,294 623 1,270 7,225 629 1.277 4l4 503 1,726 2,265 593 503 Foreign bank 162,016 1,449 1,012 114,650 2,601 6,050 9,422 3,^22 2,203 1,265 17,952 3,373 3,951 Other deposits Total deposits 690,233 142,722 107,676 162,620 124,719 262,253 4,316,916 267,502 1,224,174 2 1 7 , 1 6 2 220,273 132,524 9 1 , 1 2 7 441,243 4o,oio Deferred availability items 42,762 52,301 15,466 11,790 22,267 21,152 20,232 15,917 96,75^ 35,175 ^5,399 146,752 10,768 ^,975 4,0cG Capital paid in 4,362 3,135 12,721 4,062 59,620 15.1^9 13,062 4,046 10,752 13S,3S3 Surplus (Section 7) 5.171 5,145 3.^20 9,610 9,645 45,217 -13,352 14,090 4,756 3,613 20,621 3,623 6,459 Surplus (Section 13 b) 615 504 76s 297 1,050 322 957 775 37S 733 Reserve for contingencies 22,272 l,oo4 1,620 2,345 621 2,300 250 2,426 1,053 1,156 4,737 2,967 1,133 All other liabilities 26,622 4.924 547 1,005 16.204 514 1.011 202 44o 21s 405 757 455 TOTAL LIABILITIES S,387,313 614,900 2,751,79^ 532,443 672,396 363,666 255,647 1 , 5 2 7 , 1 7 1 323,502 236,333 3 i s , 2 2 6 2 1 0 , 2 1 1 520,364 Ratio of total reserves to deposit and F.R. note liabilities combined 70.7 Contingent liability on bills purchased for foreign correspondents 675 Commitments to make industrial advances 8,225 73.7 67-S 72.6 67.3 35 35^ 51 1,342 2,221 249 946 67.3 73.1 60.4 19 17 412 601 69.6 62 70.5 16 62.5 11 1,022 63.2 14 67.2 14 22 35 672 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Industrial advances Certificates and bills 9,221 5,611 13,539 527»475 Within 15 days 7,221 1,165 32 38,399 16 to 30 days 404 695 71 27,500 31 to 60 days 224 1,027 211 £'3,199 6l to 90 days 632 2,724 265 90,570 91 days to 6 months . 1,636 227,207 Over 6 months 10,77^ FEDERAL RESERVE 170TE STATEMENT ON DECEMBER 26, I93U (In thousands of dollars) Total Federal Reserve notes: Issued to F.R.bank by F.R.agent Held by Federal Reserve bank In actual circulation Collateral held by agent as se- Boston Hew York Phi la. Cleve. Rich. Atlanta 776,759 262,^1* 331*927 186,591 154,001 Chicago St.Louis B-SOld Minn. Kans.Cy. Dallas San Fran. 61,975 25^,502 6,908 40,30/ 55,067 214,195 18,289 8 3 1 . 1 5 0 , 7 3 9 112,72b 128,130 35,5^0 6,001 kfko3 8,926 3,2ol,U03 274,635 678,859 247,193 3 l M 9 2 172,595 135,712 796,006 l44,73S 108,257 H9,204 curity for notes issued to barJc: Sold certificates on hand and 3,350,200 302,617 due from U. S. Treasury Eligible paper 7,575 1,551 IT. S. Govt, securities Total collateral 3,595,775 30U,158 788,706 223,000 297,715 15^3^-0 91.3S5 380 143 977 17S 232,513 141,936 ii4fooo 124,550 48 181 127 792,562 263,977 333,095 187,483 156,563 842,5bl 152,117 llU.OOO 129,677 62,627 a56^885 3»551>5l*2 300,192 290,139 25,507 97*900 15,2bl 17,035 13,996 62,675 216,763 122 FEDERAL RESERVE BA2JK NOTE STATEMENT OH DECEMBER 26, I93U (in thousands of dollars) Federal Reserve bank notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills Total Boston 37,790 11,1857 1.511 522 26,603 929 ITew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 26,071 10,208 U57 10,208 — — 25,6l4 —— —— — — U.S. Govt, securities H3.27U 5,000 26,27H 12,000 Total collateral 43,274 5,000 26,27*4 12,000 —• *Does not include $7^,739,000 of Federal Reserve "bank: notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States.
@FedFRASER