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STATEMENT FOR THE P3ESS Heleased f o r publication Friday morning, Feb. 3; not e a r l i e r . B-S01 Federal Reserve Board February 2, 1933 CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank c r e d i t outstanding during the week ending February 1, as reported by the Federal reserve banks, was $2,079t000,000, p r a c t i c a l l y the same as during the preceding week, and an increase of $21+9,000,000 compared with the corresponding week in 1932, On February 1 , t o t a l reserve bank c r e d i t amounted to $2,070,000,000, an i n crease of $3,000,000 f o r the v/eek# A decrease of $75,000,000 in member bank r e serve balances was o f f s e t by increases of $Ul,000,000 in money in c i r c u l a t i o n and $2,000,000 in unexpended capital funds, nonnember deposits, e t c . , and decreases of $27*000,000 in Treasury currency, adjusted, and $8,000,000 in monetary gold stock. Holdings of discounted b i l l s increased 000,000 at the Federal Reserve Bank of San Francisco and at a l l Federal reserve banks. The System's holdings of b i l l s bought in open market and of United States bonds show no change f o r the week, while holdings of United States Treasury notes increased $1^,000,000 and holdings of Treasury c e r t i f i c a t e s and b i l l s declined by a l i k e amount. Changes in the amount of reserve bank credit outstanding and i n related items as follows: during the week and the year ending February 1, 1933f Increase or decrease since Feb. 1 1933 Bills Bills U. S. Other discounted bought Government s e c u r i t i e s reserve bank c r e d i t TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted Money i n c i r c u l a t i o n Member tank reserve balances Unexpended capital funds,noranember d e p o s i t s , e t c 31 1.76* 7 2,070 1,325 5,652 2,1+33 U13 Jan. 25 Feb. 3 1933 1932 millions of do + 4 - 125 + 1 +1,015 _ 1+2 + 3 - s -27 + 260 + 1U2 +99 + 41 - 75 + 2 + + - 21 501 20 RESOURCES A1ID LIABILITIES OF THE FEDERAL RESERVE BAMS OH FEBRUARY 1, 1933 (In thousands of dollars) B-SOlb. Total Boston Hew York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Saii tfr&n. Gold with Federal reserve agents 2,4l4,852 200,327 577,747 l6S,S00 125,970 77,900 6l,900 712,910 106,305 1+5,290 7^,505 19,935 182,76} Gold redemption fund with U.S.Treasury 37,148 1,902 5,338 4,395 5,538 1,719 3,250 2,917 1,405 2,156 l t 9S5 1,293 5,230 Gold held exclusively against 715,827 108,210 47,446 76,490 21,228 187,993 2,1+52,000 202,229 583,085 173,195 191,528 79,619 65,150 F. R. notes 427,Hl5 30,9^9 122,163 28,795 33,972 13,H5 Gold settlement fund with F.R.Board 7,279 112,73*+ 13,597 10,320 19,632 10,036 24,773 2,1+56 1,953 7,670 2,760 22,856 18,654 7,816 25,030 2,973 Gold and gold c e r t i f . held by banks 8,699 375,759 ll+,S2S ; 260,059 Total gold reserves 3,255,17*+ 2Us,00o 965,307 209,806 244,154 95,712 81,128 353,591 124,263 59,719 103,792 34,074 235,622 26,830 9,35*+ 4,3^6 7,133 8,632 11,104 201,1+13 18,172 64,580 21,105 14,128 10,256 5,773 Reserves other than geld 3,456,537 266,1781,029,887 230,911 258,282 105,96s 36,901 880,421 133,617 64,065 110,925 42,706 246,726 Total reserves RESOURCES "on-reserve cash B i l l s discounted: Secured "by U.S.Govt, obligations Other b i l l s discounted Total b i l l s discounted B i l l s bought in cpen market TJ. S. Government securities: Bonds Treasury notes Certificates and b i l l s Total U.S. Govt, 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 All ether resources TOTAL RESOURCES 73,796 6,472 20,762 ^,372 14,804 66,737 3,586 8,342 25,714 10,161 7,138 1,729 1,581 31,85s 34,962 18,316 14,520 18,111 57,572 45,123 25,454 16,249 19,692 4,io4 i4,oi4 201,953 268,690 11,928 31,338 2,125 9,846 4,047 3,063 4,525 2,874 3,693 1,633 2,637 1+21,173 20,251 187,05s 31,054 36,339 9,607 9,620 9,046 9,154 333,395 18,641 132,355 26,397 34,625 74,569 97,810 25,358 25,5^5 379,031 1,008,547 52,657 1,763,615 91,5^9 633,444 132,020 168,77*+ 44,619 44,211 3,1+15 2,877 525 2,067,058 105,602 763,739 180,731 197,102 62,501 66,540 386 26s 123 347 1,289 137 3,505 704 722 4,228 617 312 271 11,835 8,031 329,504 38,731 97,739 29,850 30,237 25,3^5 — — 53,880 1+7,811+ 3,280 652 12,818 22,263 3,024 4,497 6,929 1,925 — 3,237 3,o4o — 2,422 5,830 18,118 3,733 >+1,175 39,235 3,662 2,220 2,373 4,033 7,833 2,912 355 9,9*+3 735 11,988 333 3,786 8,339 17,314 7,446 25,160 3,352 6,764 947 13,882 12,751 36,022 171,092 251,502 62,655 — — 273,^3 47s 1,993 37,734 7,595 1,530 10,298 12,723 64o 842 17,387 11,826 ii,io4 9,166 23,975 31,372 21,032 67,725 52,387 54,302 46,292 116,860 25,83^ 13 — — — 51,253 159,616 245 102 11 102 698 368 247 357 6,369 16,232 10,237 16,925 70,366 63,338 67,367 17 818 11,97*+ 3,285 1,746 3,559 1,251 32,261 4,119 40,650 842 2,106 1,965 1,209 1,741 1,513 4,244 2,089 6,o4s,979 421,495 3,957,725 453,717 500,119 20U.625 174,886 1,218,008 224,990 1U0.0S2 203,124 111,832 438,376 Eeleased for publication Friday morning, February 3»19331 »0,fc e a r l i e r . B-SOlc RESOURCES A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE 3AKCS COMBINED (In thousands of dollars) Feb. 1,1953 Jan. 25,1933 Feb. 1932 2,4l4,852 37 f i ^ 2,390,103 37,736 2,078,779 56,462 2,135,241 375»7W. 3,255,17*+ 201,413 2/427,839 432,095 392,767 3,258,701 201,498 3^56,587 72,796 3,^60,199 86,443 3,167,503 74,197 66,737 201,953 196,155 68,543 476,002 379,166 • 264,698 31,496 855,168 156,100 420,890 320,207 63,020 365,768 RESOURCES 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 Reserves other than gold . . . . . . . . Total reserves . . . Ilon-reserve cash 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: 3onds Treasury notes Certificates and b i l l s . . . . . . 2,452,000 427,415 268,690 31,33S ^21,173 333,295 1,008,547 Total U.S. Government securities . Other securities . . . . . . . . . . . 1,763,615 Total b i l l s and securities . . Gold held abroad . . . Due from foreign banks F. R. notes of other banks . * . . . . Uncollected items . . . . Bank premises All other resources . 2,067,058 TOTAL RESOURCES 319,760 1,022,661 1,763,311 4,526' 2,064,031 13,589 320,005 514,936 2,970,182 197,321 748,995 35,952 1,796,215 .— 8,611 3,505 11,835 329,504 53,880 1+7.S1U 3,487 15,452 300,746 376,009 46,838 38,436 6,048,979 6,044,665 5,533,391 2,729,971 2,705,667 2,664,003 2,437,705 2,513,199 12,811 33,640 27,594 2,587,244 1,937,231 31,675 53,880 l4,600 57,820 L I A B I L I T I E S F. R. notes in actual circulation Deposits: Member bank - reserve account . . . . Government . . . . 36,520 37,542 27,972 Other denosits Total deposits Deferred availability items . . . . . Caoital paid in . . . . . . . . . . . Surplus . . . . . . . . . . All other l i a b i l i t i e s . 2,539,739 329,894 151,086 278,599 TOTAL LIABILITIES 6,048,979 19,690 301,65s 151,201 23,424 2,054,001 371,161 158,500 278,599 259,421 6,044,665 5,533,391 20,296 Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . # 65.655 S5M Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents . . . . . to, 655 41,831 61,671 26,305 67.1$ 317,681 RESOURCES AMD L l A B I L I I I E S OF THE FEDERAL RESERVE BANKS ON FEBRUARY 1, L I A B I L I T I E S Total F.R.notes in actual circulation Deposits: Member bank reserve account Government foreign "bank Other deposits Total deposits Boston St. Louis B-801c Minn. Knas.Cy.. Dallas San Fran 186,908 557,297 231,684 275,645 97,156 98,347 695,77^133,326 82,345 9 7 , 653 36,194 237,642 2,437,705 156,429 3,327 2,701 1,130,928 139,281 141,1-46 4,163 3,664 58,595 2,03 8 1,443 44,204 2,772 1,295 412,724 5,574 4,811 54,918 3,981 1,258 37,382 2,255 73,078 2,077 1,073 47,163 141,857 4,576 3,886 1,073 2,590 162,578 1,155,494 147,884 150,248 63,962 49,782 426,306 62,547 4o,95o 76,659 50,618 152,711 30,149 14,056 28,294 1,727 24,814 5,158 8,624 37,540 13,400 15.721 4,037 39.^97 2.782 4,351 10,186 1,180 5,852 2,873 7,019 .1,043 11,289 3,913 8,719 1,099 16,79^ 4,709 10,544 2,880 16,109 17M86 1,218,008 2,539,739 1,190 12,897 329,894 '40,160 151,086 10,830 278,599 19,690 6.048,979 Reserve ratio (per cent) Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n correspondents Chicago 1933 2,729,971 36,520 37,542 Deferred a v a i l a b i l i t y items Capital paid in Surplus All ether l i a b i l i t i e s TOTAL LIABILITIES 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 security f o r notes issued to bank Gold and gold c e r t i f i c a t e s Gold fund - F.R. Board Eligible paper U. S. Gov't securities Total collateral (in thousands of dollars) New York Phila. CI eve. Rich. Atlanta 97,010 58,603 85,058 20,460 559 28,541 16,033 29,242 333 11,616 1,919 4,263 421,495 1,957,725 453,717 500,119 204,625 65.6 76.2 60.1 40,655 2,987 13,4o6 60.8 60.6 4,296 4,051 65.8 1,596 58.7 1,432 851 462 791 iq6 2,381 I0,4i4 19,701 l,ll4 224,990 140,082 203,124 111,832 438,376 52.0 63.6 49.2 63.2 1,391 941 1,186 1,186 2,864 39,490 3,296 270,145 32,503 78.5 68.2 5.319 FEDERAL RESERVE NOTE STATEMENT 2,942,459 203,l4i 212,488 16,233 2,729,971 1 8 6 , 9 0 8 624,103 24o,6l6 285,969 102,997 116,638 66,806 8,932 10,324 5,841 18,291 724,900 143,190 84,426 106,844 29,126 9,864 2,081 9,191 557,297 231,684 1,128,607 47,010 488,747 1,286,245 153,317 250,763 11,868 275,645 97,156 98,3^7 695,774 133,326 82,345 97,653 3 6 , 1 9 4 237,642 78,090 71,470 89,000 90,710 114,500 18,745 59,155 16,688 9.000 13.900 263,910 23,405 83,400 6,3^0 3C.100 13,790 31,500 8,982 30,700 10.705 13,335 10,524 22.000 3,352 16.000 730,756 143,245 84,972 107,029 3 9 . 787 54,250 306.800 2,972,415 212,195 44,990 27.000 631,997 2^10,790 25,419 75.000 286,389 48,000 19,648 37,000 103,588 118,548 449,000 17,846 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES B i l l s discounted B i l l s bought in «pen market Certificates and b i l l s Municipal warrants 8,263 2,186 Total 268,690 31,338 1, 008,547 3,415 Within 15 days 16 to 30 days 189,603 7,184 20,796 82,800 89,950 3,377 5,020 10 31 to 60 days 27,747 8,654 203,031 3 6l to 90 days 20,084 10,480 203,897 63,800 91 days to t months 9,066 128,526 25 6,600 85,500 97,263 30,356 60.000 273,119 Over 6 mcnths 1,394 300,343
@FedFRASER