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STATEMENT FOH THE PRESS B-S01 Federal Reserve Board February 15, 193^# Released for publication Friday morning, Feb. lo; not earlier COITDITIOIT 01- FEDERAL RESERVE BANKS The average daily volume of Federal Reserve bank credit outstanding for the week ended February iH, as reported by the Federal Reserve banks, was $2t609,000,000, a decrease of $7*000,000 compared with the preceding week and an increase of $510,000,000 compared with, the corresponding week in,1933* On February 7 total Reserve bank credit anKnmted to $2,593»000,000, a decrease of $13,000,000 for the week. This decrease corresponds with decreases of $58,000,000 in Treasury cash and deposits with Federal Reserve banks and $21,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $53t000,000 in monetary gold stock, offset in part by increases of $115,000,000 in member bank reserve balances and $U,000,000 in money in circulation. The System's holdings of bills discounted declined $5,000,000, of bills bougjit in open market $11,000,000 and of United States Treasury notes $2,000,000, while holdings of Treasury certificates and bills increased $2,000,000. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended February iV, 193^> were as follows: Increase or decrease since Fob. Ik Feb. 7 Feb. 15 (In millions of dollars) Bills Bills U. S. Other discounted bought Government securities reserve bank credit 68 -5 -218 -11 + 55 7 +3 - TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and National "bank currency 2,593 7,039 2,301 -13 +53 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R, banks JFonmember deposits arid other T.R. accounts 5.321 2,851 3,391 +b +115 86 2,^32 keQ -53 rfil +623 3 +457 +2,865 +98 +615 +3,061 -10 Released for publication Friday morning, February 16,1934; not earlier. B-SOla ASSETS ATO LIABILITIES 07 THE TWELVE > FEDERAL RESERVE BAJ'^S COlffiBTED (In thousands of dollars) Feb. 14,1934 Feb. 7,1934 Feb. 15, 1933 A S S E T S Gold certificates on hand and due from tj. s. Treasury Gold Redemption fund - F. R. notes Other cash .... Total reserves Redemption fund - F. R. bank notes . . Bills discounted: Sec. by U.S.Government obligations . Other bills discounted Total bills discounted Bills bought in open market U.S. Governraent securities: Bonds Treasury notes Certificates and bills . .... Total U.S.Government securities . Other securities Total bills and securities . . Dae from foreign banks 3,582,092 — 42,234 3,513,171 706,766 42,478 2,448,796 222,460 3,846,786 12,387 220.899 3,776,548 12,520 260,832 3,>+60,990 19,264 49,l4l 21,020 52,307 81,485 204,888 68,405 73.327 286,373 g6,08o 96,399 30,784 443,045 1,026,142 962,837 442,785 1,028,137 960,821 421,099 1+38,044 950.165 2,432,024 2,431,743 1,809,308 1,293 1,293 4,797 2,537,808 2,603,262 2,131,262 3.392 44,59© 3,400 16,222 5+9^17)+ 52,382 69,650 46,483 36^,079 52,365 3.510 11,542 390,639 53.962 45,914 53.481 7,134,292 6,943,107 6,105,386 2,952,541 199,358 2,946,22.6 201,984 2,350,888 2,735,701 3,610 36,823 11,419 78,115 7.9S9 38,711 10,438 84,790 59,^22 Total deposits 3,026,569 Deferred availability items 497,108 Capital paid in 145,081 Surplus . 13S.3S3 Subscription for Fed. Dep. Ins. Corp. stock: Paid 69,650 Called for payment on April 15 . . 69,650 35,952 All other liabilities 2,962,541 2,375,763 13S,3S3 278,599 F. R. notes of other banks Uncollected items Bank premises Fed. Dep. Ins. Corp. stock All other assets . . . . . . TOTAL ASSETS 15.377 69,650 L I A B I L I T I E S F. R. notes in actual circulation . . . F. R. bank notes in actual circulation De-posits: Member bank - reserve account . . . . Government Foreign bank Special deposits - member bank . . . nonmember bank . Other deposits TOTAL LIABILITIES . . . . Ratio of total reserves to deposit and E. R. note liabilities combined . . Contingent liability on bills purchased for foreign correspondents. 45,654 7,134,292 64.3$ 4,284 84,912 365,119 145,222 2,891,145 2,236,095 51,542 28,704 388,938 150,916 69,650 69,650 44,332 20,025 6,943,107 6,105,326 63.9$ 4,478 65.7$ 35»6S4 ASSETS AI*D LIABILITIES OP THE FEDERAL RESERVE B A M S OF FEBRUARY l4, 1934 (in thousands of dollars) A S S E T S Total Boston Gold certificates on hand and due from U.S. Treasury Redemption fund - F. R. notes Other cash 3,582,092 244,217 42,234 3,175 222,460 19,26s Total reserves 3,s46,7S6 266,660 Redemption fund - F.R.bank notes 1,250 12,3S7 Bills discounted: Sec. "by U.S.Govt, obligations Other "bills discounted Total bills discounted 3ills bought in open market U.S. Government securities: Bonds Treasury notes Certificates and bills 19,264 49,l4i 68,405 86,086 Few York Phila. Cleve. Rich. Atlanta 861,482 213,387 320,824 152,386 133,296 9.12S 3,SS9 4,066 2,261 2,943 55,58S 33,969 14,927 9,709 l i , 4 i s 926,19s 251,245 339,817 164,356 147,657 1,100 1,347 252 3,107 509 871 929 1,800 11,783 20,233 32,016 3,595 15,907 19,502 19,927 5,293 4,701 1,093 2,962 4,055 9,080 229 2,419 2,648 2,681 155 1,585 1,740 3,308 14,125 41,154 38,284 10,817 31,321 29,138 71,276 443,045 24,399 1,026,142 69,049 962,837 64,234 2,432,024 157,682 1,293 167,783 28,070 346,021 72,053 302,951 66,997 816,755 167,120 510 783 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises Fed. Dep. Ins. Corp. stock All other assets 2,587,808 179,409 3,400 256 16,222 355 499,174 44,716 3,224 52,382 69,650 5,H5 1,012 46.483 854,847 191,833 226,159 9S,892 76,324 if29<S 370 129 119 325 96s 5,054 1,008 918 431 139,574 41,564 50,491 35,317 16,644 11,424 3,968 3,128 2,372 6,7 ss 21,265 2,904 2,636 7,310 7,073 2,4I4 26,326 5,504 1,560 3,561 TOTAL ASSETS 7,134,292 501,997 Total U.S.Govt. securities Other securities Total bills and securities — 32,159 93,700 87,165 213,024 93,563 Chicago St.Louis B-SOl-b Minn. Kans.Cy. Dallas San Fran. 881,625 171,379 104,226 160,457 87,923 250,890 91s 6,992 1,097 1,450 7S5 5,530 9,40S 8,S73 29.S30 9,375 6,325 13,770 918,447 181,251 115,084 170,248 95,033 270,190 500 1,630 621 s46 570 655 474 343 817 3,272 6 1,225 1,231 2,043 657 2,793 76,950 14,493 172,611 40,775 187,782 37,932 437,343 93,200 16,501 25,537 23,773 65,811 14,113 35,918 33,^13 83,444 66,475 166,331 450,031 97,289 69,085 86,894 448 11 95 15 l,o44 896 1,615 2,212 68,905 21,066 11,424 26,104 7,381 1,657 3,111 3,^5 9,874 2,5^7 1,755 2,066 1,014 1.401 4os 1,408 78,59^ 178,451 241 95 297 1,424 21,026 22,343 l,75 1+ 4,090 2,180 4,925 976 899 612 1,527 2,139 10,549 39 618 — 407 31 31 12,088 10,351 18,526 24,841 23,108 25,109 73,162 68,060 i,?62 1,769 l,9S9,09l 503,325 634,568 308,360 250,740 1,460,329 307.986 201,890 292,021 200,499 483,486 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAKES OH FEBRUARY l4, 1934 (In thousands of dollars) L I A B I L I T I E S Total Boston llev/ York F.R.notes in actual circulation 2,952,5^1 219,779 F.R.bank notes in actual circulation 199,353 21,916 Deposits: Member "bank - reserve account 2,850,888 177,3^9 45,654 Government 4,963 Foreign bank 232 3,610 Special deposits: member bank: 162 36,883 11,419 nonmember bank Other deposits 78,115 1,751 3,026,569 Total deposits Deferred availability items 497,108 Capital paid in 145,081 Surplus 13S,3S3 « 4- • Subscription for Fed. Dep. Ins. Corp # SuOCJ£; Paid 69,650 Called for payment on jipril 15 69,650 All other liabilities 35,952 TOTAL LIABILITIES Fhila. Cleve. 10,654 9,610 5,H5 5,115 Minn. Kans.Cy. Dallas San Fran, Chicago St.Louis 602,490 234,586 286,867 146,773 122,229 52,635 19,291 22,655 4,402 4,477 761,656 137,184 94,825 107,325 41,051 197,776 26,299 8,525 7,310 9,434 9,100 13,314 995,622 150,882 220,676 94,475 76,160 524,o4o 107,719 3,043 3,579 4o6 107 13,221 2,396 1,836 335 1,753 2,931 310 4,655 129 2,632 136,713 58,510 45,217 40,926 50,254 13,352 14,090 21,265 21,265 13,903 7,310 7,310 2,821 7,073 7,073 2,722 16,193 1,501 1,809 1,091 20,377 5,I4I 2,060 184,462 1,037,093 162,007 231,333 43,717 Rich. Atlanta B-SOlc 15,722 12,451 5,O4O 5,972 123 113 1,615 1,751 8 36 31s 3,048 8,156 106,069 9i,53S 3?, 896 14,876 5,020 4,460 5,145 5,171 2,904 2,904 2,636 2,636 - - 61,442 129,550 111,780 201,193 539 857 559 87 229 90 90 74 2,948 967 1,866 352 6,059 "Z — 538 — 13,363 4,374 2,003 12,720 77,091 136,469 114,784 217,715 72,325 21,671 11,649 26,144 22,137 22,300 1,037 6,351 542,233 125,675 12,809 20,681 3,9^3 4,756 2,864 3,420 4,103 3,613 3,899 3,683 10,646 9,645 9,874 9,874 2,547 2,547 1,755 1,755 2,066 2,066 2,180 4,925 4,925 801 1,740 1,221 2,743 4,52s ;,i3s 1,221 1,435 1,629 7,13^,292 501,997 1,989,091 503,325 634,56s 303,360 250,740 1,460,329 307,936 201,390 292,021 200,499 483,4s6 Ratio of total reserves to deposit and F.R.note liabilities combined Contingent liability on bills purchased for foreign correspondents 6U.3 66.0 4,284 322 56.5 63.4 1,356 65.6 466 430 65.0 170 69.1 157 70.4 69.2 564 66.9 69.8 103 l4s 2,130 61.0 125 65.O 125 MATURITY DISTRIBUTIOF OF BILLS AND SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 68,405 86,086 962,837 1,293 Within 15 days 52,872 30,832 72,170 1,276 l6 to 30 days 5,218 24,922 201,999 31 to 60 days 6l to 90 days 4,998 4,833 153,170 144,928 21,7^0 8,591 91 days to 6 months 447 1 180,721 17 Over 6 months 37 209,849 31C FEDERAL RESERVE BOTE STATEMENT 01T FEBRUARY 14, I93U (In thousands of dollars) Total ?e&3ral Heserve rotes: Issued to F.R.bask by F»R.agent Held by Federal Reserve bank In actual circulation .loll--teral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible peeper U.S. Govt, securities Total collateral Boston KOT York Phila. Cleve. Rich. Atlanta B-SOl-d Chicago St.Louis 3,204,150 23^,212 251,609 14,433 2,952,5U1,219,779 674,457 2*19,063 300,872 15^,229 lUlf672 71,967 1 ^ 7 7 7,^6 19,^3 602,490 23^,526 286,867 146,773 122,229 802,541 142,184 99,319 11^->200 45,1*16 245,485 ^0,225 coo V391* 6,875 *+,365 ^7,709 761,656 137,124 9M25 107,325 Hi,051 197,776 2,573,318 19^,672 523,706 177,000 233,226 117,599 700,713 125,697 122,358 21,114 548,100 19,500 3,243,776 235,286 99,335 25,572 12,504 11,494 4,032 3,992 145,000 60,coo 60,000 36,000 39,000 694,27s 249,504 305,320 157,631 1^2,383 Total In actual circulation Boston Hew York Phila. Cleve. 222,153 23,502 22,795 1,526 199.35s 21,916 62,3^1 24,805 23,627 9,706 5,51^ 972 52,635 19,291 22,655 1,162 2*6,77^ 30,000 1,066 26,500 25,000 6M7H 250,936 30,000 64,274 26,500 26,066 Rich. Atlanta 4,402 — 22,444 108,290 3 M 6 3 175,763 10,739 3,243 2,665 2,994 11,952 11,451 92,000 i4,ooo 15,600 5,000 — 62,000 803,452 143,540 100,709 116,284 46,115 249,214 FEDERAL RESERVE B A M }?0TE STATEMENT Oil FEBRUARY l 4 , (In thousands of dollars) Tederal Reserve bank notes: Issued to F.R.Bank(outstanding) Held by Federal Reserve bank Minn, Kans.Q/-. Dallas San Fran. Chicago St.Louis 1934 Minn* Kans.C&r. Dallas San Fran. 5,1^9 672 M77 27,300 1,001 26,299 5,000 81 6,000 15 36,000 11,000 10,000 10,000 11,000 15,000 5,000 6,081 36,000 11,015 15,000 8,775 250 8,525 7,500 190 7,310 9,575 10,3^1 1M36 l4l i,24i 1,522 9,U3U 9,100 13,31^ Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Govt, securities Total collateral 10,000 10,000 11,000
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