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STATEMENT FOR THE PRESS Released for publication Friday morning, Feb, 10; not earlier, B-SOl Federal Reserve Board February 9, 1933• CONDITION OF FEDERAL RESERVE MrTKS The daily average volume of Federal reserve bank credit outstanding during the week ending February g, as reported by the Federal reserve banks, was $2,069,000,000, a decrease of $10,000,000 compared with the preceding week and an increase of $262,000,000 compared with the corresponding week in 1932. On February S total reserve bank credit amounted to &2f085,000,000, an increase of $15,000,000 for the week. This increase corresponds with an increase of $53»000,000 in money in circulation and a decrease of $13,000,000 in monetary gold stock, offset in part by an increase of $33*000,000 in Treasury currency, adjusted, and a decrease of $19,000,000 in member bank reserve balances. Holdings of discounted bills declined $13,000,000 at the Federal Reserve Bank of San Francisco, $4,000,000 at Hew York and $16,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market and of United States bonds show no change for the week, while holdings of United States Treasury notes increased $65,000,000 and those of Treasury certificates and bills decreased $45,000,000.' Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending February 8, 1933, ^ere as follows: Increase or decrease since Feb. g J 1 L Feb. 1 193? Feb. 10 (In millions of dollars) Bills Bills U. S. Other discounted bought Government securities reserve bank credit 253 31 - 16 — - 566 - 13s 17 + 20 + 10 +i,oU3 31 TOTAL RESERVE B A M CREDIT Monetary gold stock Treasury currency adjusted 2,035 4,555 1.91S + 15 - 13 + 33 + 306 + 132 + 15U Money in circulation Member bank reserve balances Unexpended capital funds,nonmember deposits,etc. 5,705 2,419 + 53 - 19 413 + 79 + 51U 2 Released for publication Friday morning, February 10,1933; earlier. B-SOlc EESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE B A M S COMBIFED (In thousands of dollars) Feb. S.1933 Feb. 1,1933 Feb. 10,1932 2,414,852 , 37,148 2,071,979 56,962 2,505,726 2,452,000 2,128,941 397,699 3^3,699 427,415 375,759 317,192 521,085 i . . . 3,21+7,124 . . . . 195,227 3,255,174 2,967,218 201;413 156,277 3,442,351 3,456,587 79,729 78,796 R E S O U R C E S Gold \7ith Federal reserve agents . ; . . . 2}469,982 Gold redemption fund with U.S.Treasury . i 35,7 44 Gold held exclusively against F.R.notes Gold settlement fund with F. R. Board . . Gold aiid gold certificates held by banks . Total gold reserves . . . . Reserves other than gold Total reserve::T " on-reserve cash Bills discounted: Sec. by U.S. Government obligations Other bills discounted . . . 3*163,495 75, t>66 66,737 201,953 450,326 369,109 252,640 268,690 819,435 31,338 31,338 169,391 420,894 399,171 963,347 421,173 333,895 1,008,547 320,110 69,530 351,794 Total U.S. Government securities . . 1,783,912 1,763,615 741,434 3,435 3,415 33,451 2,071,325 2,067,05s 1,763,711 Due from foreign banks F. R. notes of other barks Uncollected items Bank premises All other resources 3,539 10,954 302,43s 53,962 50,977 3,505 11,835 329,504 53,SCO 47,314 S, 60S 12,802 345,551 57,821 39,335 TOTAL RESOURCES 6,015,285 6,048,979 5,466,989 2,773,192 2,729,971 2,661,959 2,419,399 12,128 44,930 23,213 2,437,705 36,520 37, 27,972 1,904,914 48,331 46,582 21,255 2,499,670 2,021,082 292,664 151,034 278,599 20,126 2,539,739 329,894 151,036 273,59° 19,690 6,015,285 6,048,979 5,466,989 Total bills discounted Bills bought in open market U. S. Government securities: Bonds . Certificates and bills Other securities Total bills and securities . . . 62,914 189,726 L I A B I L I T I E S F. R. notes in actual circulation . . . . Deposits: Member bah!: - reserve account . . . . . Government Foreign bank Other deposits Total deposits . . . . . Deferred availability items Surplus All other liabilities . TOTAL LliiBILITIES 339,168 158,362 259,421 26,997 Ratio of total reserves to deposit and F. R. note liabilities combined . . . . 65-3S6 65.6fo 67.6^ Contingent liability on bills purchased for foreign correspondents 39,682 4o,655 319,294 RESOURCE A'TD LIABILITIES OP THE FEDERAL R E S W E BAH[3 OF FEBRUARY 8, 1933 (In thousands of dollars) B-801b Total Boston Hew York P M l a . Cleve. Rich.. Atlanta Chicago St.Louis Minn. Kar.s.Cy. Dallas San Fran, Gold with Federal reserve agents 2,1+69,982 200,327 586,707 167,300 185,970 85,500 7o,190 718,210 107,890 47,090 80,280 18,255 196,263 Gold redemption fund m t h U.S.Treasury 35,744 1,8*45 4,939 4,277 5.401 1>512 3,180 2,747 1,369 2,139 1,925 1,256 5,154 R E S 0 U R C E S Gold held exclusively against P. R. notes 2,505,726 202,172 Gold settlement fund with F.R. Board• 397,699 31+3,699 Gold and gold certif. held "by banks Total gold reserves Reserves other than gold Tota<l reserves "^on-reserve cash Bills discounted-: Secured by U»S.Govt, ^obligations Other bills discounted Total bills discounted Bills bought in open market U. S. Government securities: Bonds Treasury notes Certificates and bills Total U.S. Govt, securities Other securities Total bills and securities Due from foreign banks P. R. notes of other banks Uncollected items Bank premises All other resources TOTAL RESOURCES 34,347 1M03 3,21+7,121+ 251,522 195,227 i7,7Si+ 3,1+1+2,351269,306 79,729 6,003 62,911+ 139,726 252,61+0 31,33s 3,213 8,169 11,3^2 591,61+6 171,577 191,371 91,661 26,081+ 31,902 18,172 2,981 7,581+ 18,636 917,1+55 205,21+5 21+1,909 108,165 61+, 800 21,1+07 12,913 9,937 23MI+S 23,701+ 30,338 10,817 35,321+ 5l+,0l+2 l+6,ll+l 9,199 i7,7Si+ 846,776 1,459 14,51+5 16,269 2,897 525 770,786 183,21+3 1,323 3,Ol+3 (J7,288 12,818 25,391 386 221 25,221 3,106 1+.585 6,015,285 418,381 1,905,575 447,'6l0 200,983 3^7 635 26,332 6,929 1,925 63,373 137 444 24,635 3,237 3,025 496,013 216,09s — 65,291 123 734 9,719 2,422 5,345 10,711 4l,204 264,742 4,025 7,463 22,338 5,555 947 10,253 640 14,43s 3,926 23,440 342 842 2,264 41,165 13,305 17,199 11,305 13,141 17,375 8,897 25,258 28,532 65,073 45,270 — 8,237 3,629 45,649 — 32,967 254,031 13,787 70l+,00o 133,511+ 171,040 93,112 108,397 18,647 9,963 14,206 24,751 1,733,912 126,167 61,185 2,436 651 10,851 963,81+7 18,410 7,782 285 9,699 10,957 24,593 9,663 1,937 14,794 2,114 19,5H 201,417 11,020 33,967 2,636 2,869 3,550 159,79^ 31,21+2 1+1,055 357,592 71,261 93,61+0 36,345 10,019 82,205 25,85s 8,805 3,950 6,297 372,634 134,972 65,135 114,694 3,900 2,325 2,464 15,091 3,783 31,011 61+1 93,305 4,528 2,293 136,620 3,280 25,583 1,733 20,31+1+ 22,179 50,589 53,962 50,977 100,236 7,348 17,756 2,965 2,071,325 106,619 263 3,539 10,961+ 21I+ 302,1+38 32,050 6,537 720,957 109,259 4S,22- 17,728 3,063 3,^35 1,1+51 26,933 15,996 9,81+1 — 79,370 982,255 226,652 254,822 118,102 97,833 22,671 4,196 1+.035 3,i4o 4,4i6 2,125 1+20,891+ 399,171 87,012 46,497 166,313 15,I4I 3^,536 10,8<^5 24,827 253,975 63,582 52,5H 13 — 275,51^ 47s 1,910 34,959 7,595 1,576 186,1+33 1,209,757 — 70,084 — 63,817 70,200 102 1,214 15,926 1,235 228,519 l40,9l4 209,367 3,235 5,602 29,974 20,293 54,920 47,065 118,368 11 248 5,583 1,746 2,044 17 957 14,069 297 3,559 1,208 — — 51,833 149,572 245 102 276 1,01S 10,322 •1,7^1 1,495 15,829 4,244 2,007 111,1+98 1+1+5,120 RESOURCES AID LIABILITIES OF THE FEDERAL RESERVE BAKES ON FEBRUARY 8, 1933 (In thousands of dollars) L I A B I L I T I E S F.R.notes in actual circulation Deposits: Member baric *• reserve account Government Foreign bark Other deposits Total deposits Deferred availability items •O'pit'd. paid in Surplus All other liabilities TOTAL LIABILITIES Heserve ratio (per cent) Contingent liability- on bills purchased for foreign correspondents Federal reserve notes: Issued to F . B . 3 ^ by F.R.Agsnt Held by Federal reserve basi: In actual circulation Collateral held by a&ent as security for notes issued to brak Gold and gold certificates Gold fund - F. R. Board Eligible p-per U. S. Gov't, securities Total collateral Total Boston New York Phila. 2,773,192 127,308 561,239 2 3 M 9 6 2,419,399 12,12S 44,930 23,213 162,970 1,307 2,701 121 167,099 292,664 32,197 151,0311 10,323 2,^99,670 273,595 20-12o Cleve. 273,50s 1,082,139 138,30U i4i,48i 1,113 1,173 707 3,ss6 3,663 20,286 1S9 1,373 7,350 1,110,482 143,552 1^7,635 Rich. Atlanta 93,494 111.136 71,121 572 1,443 2,109 75,245 23,31+9 Chicago St.Louis 705,563 1 3 M 3 7 45,122 3 1,295 404,190 2,403 Mil 1,211 2,081 U7.636 9,530 413,490 35,195 23,505 25,732 53,602 16,033 1M52 5,153 ^,709 35,053 29,242 23,294 11,616 10,544 20,460 439 4,399 382 12,433 4,296 1,792 1,741 2,823 S B-SOlc Minn, Kans.Cy. Dallas San Fran, M 7 5 100,137 36,071 2*10,978 60,269 33,586 760 652 1,25s 851 1,842 467 77,935 2,561 1,073 450 50,718 64,129 40,556 82,019 3?,203 14,628 16,107 4,351 39,437 10,186 2,397 1,183 5,244 43,777 148,505 193 669 2,590 1,073 5.821 199 2,873 13,871 4,037 7,019 8,263 1,047 9^0 157,109 10,911 15,749 3.875 10,1*14 8,719 19,701 1,204 6,015,235 418,331 1,905,575 447,610 496,013 216,09s 186,433 1,209,757 228,519140,514 209,367 111,498 445,120 76.0 5S.7 59.9 55.3 68.0 61.6 73.0 68,1 52.2 62,9 47.5 66.5 65.3 33,682 2,937 2,992,411 203,315 219,219 16,007 2,773,192 137,303 1,132,237 1,337,745 235,255 316,200 4,051 1,596 1,432 5,319 1,391 941 1,186 1,186 47,010 153.317 11,323 3,021,437 211,650 Total 252,oto 31,338 963,847 3,435 2,864 635,070 247,013 287,774 103,522 130,739 736,431 144,047 86,197 103,385 39,273 270,641 73,231 12,117 9,266 5,028 19,603 30,363 10,010 2,022 3,202 3,202 29,663 "561,339 234,896 273,50s 93,494 111,136 705,563 13M37 84,175 100,137 36,071 240,978 437,707 77,390 93,000 39,410 50,391 46,010 34,000 637,09s 247,310 71,470 15,19c 264,£10 23,590 13,590 10,430 13,355 89,000 114,500 66,755 61,000 454,000 34,300 33,500 69,300 4,900 107,263 27,028 16,492 17,378 17,490 5,237 8,991 12,439 3,651 18,825 75,000 2,000 39,000 10,000 31,000 30,700 19,000 17,500 58,000 287,998 103,952 132,56s 745,700 144,127 86,781 111,719 39,406 273,088 1?,745 MATURITY DISTRIBUTION7 OF BILLS AID SHORT TERM SECURITIES Bills discounted Bills bought in open inar.'Cet bills Certificates Munieioal warrants 1,169 Within 15 days 173,661 7,581 73,550 3,397 l6 to 30 days 19,978 8,733 50,000 13 31 to 60 days 28,259 5,14s 203,031 6l to 90 days 19,979 9,876 203,897 91 days to 6 months 9,256 128,525 25 Over 6 months 1,507 304,s44
@FedFRASER