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STATEMENT FOR THE PRESS Released f o r publication Friday morning, Dec. 29; not e a r l i e r . B~S01 Federal Reserve Board December 2S, 1933. CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank: credit outstanding during the week ended December 27, as reported by the Federal Reserve banks, was $2,698,000,000, an increase of $11,000,000 compared with the preceding week and of $509f000,000 compared with the corresponding week in 1932. On December 27 total Reserve bank credit amounted to $2,67^,000,000, a decrease of $12,000,000 f o r the week. This decrease corresponds with decreases of $25,000,000 in money in circulation and $8,000,000 in unexpended capital funds, nonmember deposits, e t c . , and an increaso of $19,300,000 in Treasury currency, adjusted, o f f s e t in part by an increase of $39,000,000 in member bank reserve balances* The System*s holdings of b i l l s discounted declined $U,000,000 and of b i l l s bo-u^ht in open market $2,000,000 # Holdings of the various classes of United States Government securities were p r a c t i c a l l y unchanged. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended December 27, 1933, were as follows: Increase or decrease since Dec. 27 1933 Dec. 20 1933 Dec. 28 1932 (in millions of d o l l a r s ) Bills Bills U. S. Other discounted. bought Government securities Reserve bank credit TOTAL RESERVE BMIv CREDIT Monetary gold stock Treasury currency adjusted 111 111 2,^32 20 k - - 2 — - 5 -12 156 7S + 581 + 3 — + 506 2,67U ^,323 1,939 — - +19 + Money in circulation 5,S2U Member bank reserve balances 2,675 Unexpended capital funds,nonmember d e p o s i t s , e t c . 486 -25 +39 - 8 + 137 + 193 + 8U + 182 91 Released for publication Friday morning, December 29,1933; not e a r l i e r , B-S01a ASSETS AND LIABILITIES OF THE TTOLVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) ASSETS Gold with Federal Reserve agents • • • . Gold redemption fund with U#S#Treasury # Gold held exclusively against 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 banks Total gold reserves . • # Other cash* Total gold reserves and other cash # Redemption fund - F # 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 . . # 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.Government securities Other securities Total b i l l s and securities . # Gold held abroad Dae from foreign banks F# R# notes of other banks • Uncollected items • • . •• Bank premises . . . . . All other assets . Dec. 27.1933 Dec. 20,1933 Dec. 28,1932 2,595,043 ^,739 2,639,722 6^8,3^3 2,599,939 46,010 2,61+5,999 &3.750 2,335,3^5 40,831 2,376,176 346,342 426,013 3,562,726 3,570,084 191,724 3,772,1*42 3,761,80s 13,836 3,148,531 257,356 3,405,887 2go f 66i 209,356 13,566 280,335 38,529 — 36,925 73t627 110,552 111,083 115,188 76,659 77,760 189,622 267,3S2 113,375 33,307 443,166 1,053,163 935,250 1,053,704 442,709 420,740 935,135 2,431,593 1.133,578 2,432,179 itW 2,655,302 —— 3,333 16,739 425,900 54,804 1,494 2,661,655 — 3,334 17,061 444,233 54,804 45,101 296,419 1,350,737 5,649 2,157,075 72,63s 2,976 14,775 356,736 58,212 36,831 6,993,206 7,001,832 6,105,130 F. R. notes in actual circulation . . . F. R. bank notes in actual circulation Deposits: Member bank - reserve account . . . # Government . . . . . . . . . . . . . 3,080,94s 210,298 3,091,871 212,839 2,735,^53 Special 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 . . . . . . . . . 2,675,153 29,720 5,110 Us,091 2,481,674 42,172 19,053 i44,6s4 272,599 38,588 2,635,633 43,831 4,673 51,303 10,207 66,128 2,811,780 423,609 144,926 278,599 38,208 6,993,206 7,001,832 TOTAL ASSETS 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 10,011 61,075 2,829,160 410,929 63.9£ 3,710 63.7$ 3,659 — — — 20,339 2,563,238 343,639 151,31^ 259,421 47,060 6,105,130 64.3f 36,333 * "Other cash" does not include F.R. notes or a bank*s ovm P.R# bank notes. ASSETS ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON DECEMBER 27, 1933 (In thousands of dollars) Total Boston New York Phila. Cleve. Gold With Federal Reserve agents 2,595,01+3 198,172 553,706 172,500 21^,770 Gold redemption fund with U.S.Treas. ^,739 1,977 10,707 M 8 8 5,216 Gold held exclusively against 2,639,782 200,1149 564,1+13 176,688 219,986 F. R. notes Gold settlement fund with F.R.Board 61+8,31+3 26,062 132,098 ll+,628 63,779 Gold and gold certif. held "by banks 280,661 22,030 189,253 11,91+1 14.869 Total gold reserves 3,568,786 2l+S,2l+l 885,761+ 203,257 288,631+ Other cash* 209*356 15,869 50,800 29,731+ 13,373 Total gold reserves & other cash 3^78,11+2 261+, 110 936,561+ 232,991 302,007 Redemption fund - F.R. bank notes 13,566 1,250 3,032 1,300 1,392 Bills discounted: Sec. by U.S.Govt, obligations 36,925 M 6 2 21,197 5,1+50 2,503 Other b i l l s discounted 73,627 2,1496 27,90i+ 20,271+ 5,12l+ Total bills discounted 1+9,101 25,724 7,627 110,552 6,858 Bills bought in open market 111,083 27,131+ l+,679 7,607 12,599 U. S. Government securities: Bonds 14+3,166 21+.390 170,01+7 28,068 32,161 Treasury notes 1,053,163 70,955 361,165 7^4,01+1 96,287 Certificates and b i l l s 935,850 62,326 300,1+69 65,011 8*4,576 Total U.S. Govt, securities 2,1+32,179 157,671 831,681 167,120 213,021+ •— Other securities 90I+ 1,1+91+ 510 —— Total b i l l s and securities 2,655,308 191,663 886,365 200,961 233,250 Due from foreign banks 258 1,207 3,333 371 331 3,1+80 F. R. notes of other banks 16,739 , , 36P 531 1 , 1 5 6 1+25,900 1+6,511+ 107,9*+9 32,7^3 1+0,511+ Uncollected items Bank premises 12,818 3,841 6,932 54,80*+ 3,280 %,l+ll+ 2^,926 ^517 2,111 All other assets 39S TOTAL ASSETS B-801-b Rich. Atlanta Chicago St.Louis Minn. Kans.cy. Dallas San Fran. 137,*+75 90,880 710,987 12M72 68,75^ 97.290 181,763 1,886 3,157 6,8*+! 1,30*+ 1,612 1,170 8 6 5 5,816 139,361 9M37 29,379 19,016 1,096 2,103 169,836 1 1 5 , 1 5 6 9,91+1 10,779 179,777 125.935 273 1,031+ 555 3*935 i+,i+90 3,81+1 9I+2 811+ 99 1,935 1,510 l+,l486 2,031+ 14,365 13,81+7 71,367 86,891+ 80,566 118 1,27H 36,331 16,101 2,1+22 3.238 2,75S 3,793 131 98,1+60 ^,939 187,579 140,065 17,058 1+3.237 39,727 36,121 259 566 IO.9I4I4 31.178 166,300 87,990 152,61+1 SS,1|05 251+,37s 10,Sl»0 8,11+3 8,3l+3 5,626 15,039 938,01+8 177.11*) 96,133161,1+89 9H.031 269,917 I49S 53s 596 827 2,059 767 3,236 14,178 — 1,161 125,976 70,366 709 14,125 l4,83l+ 11,860 10,78l4 35,510 32,285 31.193 28,298 78,563 717,828 187,173 2,683 907,681+ 30,361+ 696 3,1+35 52 1,507 1,559 M27 76,950 ii+,i+93 16,667 li+,l09 177,161 1+1,901 26,239 36.910 183.232 36,$06 23,057 32,1+22 ^37,3^3 93,200 65.963 83.1+1+1 — 80 lll+ 65H 128 1,71+1 768 1,869 9,20l4 15,259 18,527 25,527 22,1421 66,1475 — 25,H0 75,182 66,039 166,331 —— 1+55.368 99,196 71,512 89.627 76,1^47 183,^9 1459 10 98 98 15 235 59I+ 901 3.535 387 2,081 1.279 51,8814 17,838 11.079 25,878 1 6 , 1 7 2 22,897 7,609 3,285 l,7*+7 3,571 1,797 14,261+ 1,51+8 1,1+16 1,077 889 1+92 1,1+89 6,993,206 507,833 1,976,3^1 ^77,255 527,695 310,563 231,21+3 1,1+60,510 299,365 183,160 283,896 190,776 48l+,569 * "Other cash" does not include F. R. notes or a hank's own F. R. bank notes. ASSETS AID LIABILITIES OF THE FEDERAL RESERVE BAIJKS ON DECEMBER 27, 1933 (In thousands of dollars) L I A B I L I T I E S Total F*R # notes in actual c i r c u l a t i o n F»R#"bank notes in actual circulation Deposits*Member bank - reserve 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 A l l 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 Boston Hew York 3,080,948 235,683 210,298 20,610 phila* 3,710 Chicago St # Louis 7,025 1,945 632 1,925 703 517,797 97,901 58,459 1 2 3 , 1 3 4 102,740 186,609 31,944 15,920 634 81 3,220 340 51,015 19,292 9,993 386 309 17,427 511 69 2,44o 55 1,000 69 577 166 25,860 16,926 21,308 1,034 316 2,749 623 3 4,636 275 30 1,153 5,127 1 , 4 5 6 1 , 5 3 1 1 , 1 4 2 12,950 537,080 111,599 61,619 127,765 105,267 203,674 1,923 294 3,351 1,203 186,005 94,936 68,783 38,95s 35,421 13,939 12,424 4,995 4,450 28,294 1 1 , 6 1 6 10,544 139,614 12,797 3,944 39,497 10,186 5,231 1,079 3,716 10,637 29,242 7,019 8,263 8,719 19,701 1,343 3.,142 993 2,959 933 1,854 1,199 397 477,255 537,695 310,563 231,243 1,460,510 299,365 183,160 283,896 190,776 434,569 61.8 56.4 211 5,337 167 4,oo4 Minn. Kans.Cy, Dallas San Fran. 735,933 145,188 9 2 , 9 0 s 1 0 7 , 4 1 0 43,480 212,974 28,907 3,077 7,5^9 9,624 11,685 14,421 127,671 175,339 90,150 62,510 2,092 823 862 622 249 235 93 33 — 64.4 Rich. Atlanta 643,317 237,293 293,219 158,069 1 2 5 , 4 2 4 52,701 21,399 25,653 4,528 5,144 2 , 6 7 5 , 1 5 3 170,726 962,067 29,720 1,519 20,354 5,110 3,528 173 1*8,091 500 4,145 10,011 1,335 27,190 61,075 1 , 2 8 1 2,829,160 174,199 1 , 0 1 8 , 6 1 9 410,929 45,126 101,147 i44,6s 4 10,584 58,267 35,058 272,599 20,460 33,538 1 , 1 7 1 17,232 6,593,206 507,333 1,976,341 S3.9 Cleve. B-SOlc 1,783 63,0 30U 71.1 286 64.3 113 70.9 101 69.0 376 2,873 62.2 98 4,077 63.2 6S.7 67 84 64.3 84 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM 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 110,552 111,083 935,S50 l$ksk Within 15 days S2,7S7 16,518 77*500 1,372 l 6 to 30 days 5,913 lU,81b 67,192 80 31 to 60 days 8,890 U6,136 83,71^ 6l to 90 days 11,7*18 33,^ 310,528 36 91 days to 6 months 1,049 ^ 173 206,351 * "Other cash" docs not include F. S. notes or a "bank's own P. E. bank notes. Over 6 months 165 185,559 203 FEDERAL RESERVE BOTE STATEMENT Oil DECEMBER 2 7 , (In thousands of dollars) Total Boston Federal Reserve notes: Issued to F.R«bank by F..R* agent 5,363,is4 256,992 Held "by Federal Reserve bank 282,236 21,309 In actual circulation 3*080,948 235,683 Collateral held "by agent as security for notos issued to "bank: Gold and gold c e r t i f i c a t e s 1,1+75,298 74,555 Gold fund - F. R. Board 1,119,745 123,617 Eligible paper 177,422 32,634 639,000 27,000 U. S. Govt, securities Total collateral 3*411,465 257,806 New York Phila, Cleve. Rich. Atlanta 1933 B~801d Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 727,866 250,735 312,368 169,307 145,273 831,321 151,078 98,203 116,0^7 US,757 255,237 8U,5i<9 13,442 19,149 11.238 19,849 45,338 5,890 5,295 8,637 5,277 42,263 643,317 237,293 293,219 158,069 125,424 785,983 145,188 92,90s 107,410 43,4so 212,974 483,606 101,610 107,270 52,100 21,880. 445,987 28,472 29,754 18,490 20,574 91,000 70,100 70,890 107,500 85,375 69,000 265,000 96,200 39,000 78,800 23,500 90,763 37,6Ul 18,853 17,962 6,816 7,102 15,095 5,557 4,636 5,583 9,693 15,850 65,000 160,000 60,000 SO,000 26,000 48,000 110,000 22,000 27,000 l4,ooo 751,3^7 251,353 312,732 170,291 145,982 836,082 152,229 100,390 116,873 53.767 262,613 FEDERAL RESERVE BAM HOTE STATEMEOT 01T DECEMBER 27, 1933 (In thousands of dollars) Federal Reserve "bank notes: Issued to F.R.Bank(outstanding) Held by Federal Reserve bank In actual circulation Total 234,746 24,448 210,29s Boston 22,792 2,182 20,610 Hew York Phila. 63,766 25,991" 11,065 52,701 Cleve. Rich. Atlanta 5,674 530 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 4,592 21,399 27,031 1,378 25,653 4,573 1+5 4,528 5 , 1 ^ 30,679 1,772 28,907 8,23s 161 8,077 8,051 502 7,5^9 9,837 13,137 14,977 556 213. 1,452 9,624 11,685 14,421 Collateral pledged against outstanding notes: Discounted and purchased bills U.S. Govt, securities Total collateral — 2,085 30,000 256,77^ 64,274 26,500 1,665 30,000 — 231 5,000 7,000 36,000 9,000 10,000 10,000 14,000 15,000 30,000 64,27*+ 26,500 31,665 5,000 7 , 2 3 1 36,000 9,189 10,000 10,000 i4,ooo 258,859 — — 189 — — — — 15,000
@FedFRASER