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STATUSEST TOR THE PR3SS Released f o r p u b l i c a t i o n Friday,morning, J a n . 12; not e a r l i e r . B-S01 Federal Reserve Board January 11, 1S3^ CONDITION Of F E D S m RESERVE BAKES Tlie d a i l y average volurae o f Federal R e s e r v e bank c r e d i t outstanding during t h e week ended January 10, as r e p o r t e d by the Federal R e s e r v e banks, was $ 2 , 6 6 5 , 0 0 0 , 0 0 0 , a d e c r e a s e o f $ 2 1 , 0 0 0 , 0 0 0 compared with the p r e c e d i n g week ana an i n c r e a s e of $519,000,000 compared w i t h the c o r r e s p o n d i n g week i n 1333• On January 10 t o t a l R e s e r v e bank c r e d i t amounted t o $2, 655*000,000, a d e c r e a s e of $ 3 3 , 0 0 0 , 0 0 0 f o r t h e week. This d e c r e a s e c o r r e s p o n d s w i t h d e c r e a s e s o f $107,000,000 i n money i n c i r c u l a t i o n said $ 3 5 , 0 0 0 , 0 0 0 i n unexpended c a p i t a l f u n d s , nonmember d e p o s i t s , e t c . , o f f s e t i n p a r t "by an i n c r e a s e o f $67,000,000 i n member bank r e s e r v e b a l a n c e s and a d e c r e a s e o f $ ^ 3 , 0 0 0 , 0 0 0 i n Treasury c\irrency, a d j u s t e d . The System's h o l d i n g s o f b i l l s d i s c o u n t e d d e c l i n e d $ 2 , 0 0 0 , 0 0 0 and o f h i l l s bought i n open market $ 3 , 0 0 0 , 0 0 0 , h o l d i n g s o f t h e v a r i o u s c l a s s e s o f Government s e c u r i t i e s were p r a c t i c a l l y unchanged. Under the p r o v i s i o n s o f S e c t i o n 12B of the Federal R e s e r v e Act the Federal D e p o s i t Insurance C o r p o r a t i o n on January 3 c a l l e d upon the Federal Reserve hanks t o s u b s c r i b e f o r t h w i t h t o C l a s s 3 s t o c k i n t h a t c o r p o r a t i o n i n an amount equal t o o n e - h a l f of t h e i r s u r p l u s on January 1, 1933, and t o pay o n e - h a l f t h e r e o f , and on January 5 the c o r p o r a t i o n c a l l e d the remainder o f such s u b s c r i p t i o n f o r payment on A p r i l 15* The amounts p a i d the c o r p o r a t i o n and the amounts p a y a b l e on A p r i l 15 a r e shown, f o r t e n Federal R e s e r v e banks, immediately p r e c e d i n g 11 A l l o t h e r l i a b i l i t i e s ^ i n t h i s w e e k ' s statement and the amount of s t o c k a c q u i r e d immediately preceding "All other assets". The r e q u e s t o f t h e c o r p o r a t i o n w i l l be a c t e d upon hy the two o t h e r F e d e r a l R e s e r v e banks at the next meetings of t h e i r b o a r d s o f directors. Changes i n t h e amount o f Beserve bank c r e d i t o u t s t a n d i n g and in r e l a t e d items d u r i n g the week and t h e y e a r ended January 1 0 , 133^, were as f o l l o w s : I n c r e a s e oi: d e c r e a s e since Jan. 10 Jan. 3 193^ 193*+ ( I n m i l l i o n s of B i l l s discounted B i l l s bought United States s e c u r i t i e s Other Reserve "bank c r e d i t 104 113 2,^32 7 - TOTAL HESERVE BANK CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 2,655 \323 1,950 Money i n c i r c u l a t i o n Member hank r e s e r v e b a l a n c e s Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 2.777 U67 J a n . 11 1933 dollars) 2 — g - 22 + 81 + 620 6 - - 33 + - lt-3 t> — — -107 + 67 - 35 5U9 - 226 + + + Uo 95 203 65 Released f o r p u b l i c a t i o n i r i d a y morning, January 12, 1934; not e a r l i e r . B-SOla ASSETS MD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED ( I n thousands of A S S E T S Jan. 10. 1934 Jan. 3. 1934 Jan. 11.19$? 2,599.^95 44 r Q6o 2,618,124 44.540 2,644,855 2,662,664 2,345,320 39,742 2,385,062 643,396 626,653 i?73,039 279.594 3,566,290 3,568,911 3,222,533 250,611 226,799 286,759 3,816,901 3,795,710 12,864 13,086 34,424 35,176 70,943 181,768 103,692 106,119 121,062 248,151 32,362 442,782 1,053,139 935,825 2,431,746 1,462 442,817 1,053,240 935,853 420,763 391,4o6 1,090,219 2,431,910 1,812.388 1,493 5,102 2,650,111 2,660,584 2,098,003 Gold with Federal Reserve agents . . . Gold redemption fund with U.S.Treasury Gold held e x c l u s i v e l y 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 g o l d reserves . . . Other cash* . . . Total gold r e s e r v e s and other cash Redemption fund - F.R. bank n o t e s . . B i l l s discounted: S e c . by U.S.Government o b l i g a t i o n s . . Other b i l l s discounted . t Total b i l l s discounted B i l l s bought in open market U. S. Government s e c u r i t i e s : Bonds Treasury motes C e r t i f i c a t e s end b i l l s . . Total U.S.Government collars) . . . . . . . . . . securities Other s e c u r i t i e s Total b i l l s and s e c u r i t i e s Gold held abroad . . . Due from f o r e i g n btnks F. R. notes o f o t h e r benks U n c o l l e c t e d items . . . Bank premises Fed. Dep. I n s . Corp. gtock A l l other a s s e t s . . TOTAL ASSETS - 69,268 113,211 3,509,292 66,383 3,333 18,541 504,940 51,884 51,091 2,982 17,951 339,550 53,880 45,491 40,394 —. 3,322 20,579 361,796 51,91^ 64,680 46^40 405,282 432.189 t, 028,567 7,093,569 6,113,143 2,998,760 3,071,762 208,014 2,687,024 2,776,857 58,293 .M99 45,829 9,832 111,634 3,007,144 2,709,919 23,287 4,492 46,394 9,692 84,088 2,573,9^ 2,877,872 2,644,471 359,809 i44,946 l4g,322 480,779 144,903 277,680 334,256 151,309 278,599 64,680 64,680 35,035 32,559 17,484 7,028,567 7,093,569 6,113,143 L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n . , F. R. bank notes i n actual c i r c u l a t i o n Deposits: Member baak - reserve account . . . Government Foreign bank . Special d e p o s i t s - member bank . . nonmember "bank . Other d e p o s i t s Total d e p o s i t s . . Deferred a v a i l a b i l i t y items Capital paid i n . . Surplus Subscription f o r Fed. Dep. I n s . Corp.stock: Paid Called f o r payment on April 15 . . . . A l l other l i a b i l i t i e s TOTAL LIABILITIES R a t i o o f t o t c l g o l d reserves and other cash* to d e p o s i t 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 f o r e i g n correspondents 205,191 63.6$ 63.*$ — 21,430, 20,629 — — 28,468 65.8$ 3,809 39,932 4,oo6 * "Other cash" does not i n c l u d e F. R. notes or a bank's own F. R. bank n o t e s . ASSETS AM) LIABILITIES OF THE"FEDEEAL"RESERVE *BANKS "OF JAMJARY 10, 1934 ( I n thousands o f d o l l a r s ) A S S E T S Total Boston Gold with Federal Reserve agents 2 , 5 9 9 , 8 9 5 202,172 Gold redemption fund with U.S.Treas. 44,960 2,43.6 Gold held e x c l u s i v e l y a g a i n s t F. R. n o t e s 2 , 6 4 4 , S 5 5 204,588 Gold settlement fund with F.R.Board 643,396 Gold and g o l d c e r t i f . h e l d by banks 278,039 Total gold reserves 23,804 21,884 New York Phila. Cleve. Rich. 578,706 167,000 218,886 136,475 10,293 4,379 M79 l,6l0 Atlanta 90,880 3,112 Chicago St.Louis 692,713 121,682 7,675 1,286 583,999 171,379 223,765 138,085 93,992 7&0.3S8 122,968 26,106 I7,6ll 144,776 39, V 1 178,196 189.380 17,505 11.857 59,725 3.942 1.107 2.069 3,566,290 255,276 250,611 21,362 956,575 200,741 237,432 165,29s 113,672 Other cash* 61,003 32,883 17,161 14,099 13,256 Total gold r e s e r v e s & other c a s l ^ g ] ^ g 0 1 276,63s 1 , 0 1 7 , 5 7 8 233,624 304,593 179,397 126,92s Redemption fund - F.R. bank n o t e s 1,244 12,864 1,250 . 244 842 2,941 1,321 B i l l s discounted: Sec. by U . S . G o v t , o b l i g a t i o n s 34,424 1,359 449 1,764 20,713 2,601 5,132 Other b i l l s discounted 4,482 3,678 69.26s 2.046 27.021 19,436 4.039 Total b i l l s discounted 103,692 3,^5 47,734 24,568 5,803 7,083 4,127 B i l l s bought in open market U. S. Government s e c u r i t i e s : Bonds Treasury n o t e s C e r t i f i c a t e s and b i l l s Total U.S.Govt, securities Other s e c u r i t i e s Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks F . R. notes of other banks U n c o l l e c t e d items Bank premises Fed. Dep. I n s . Corp. s t o c k A l l other a s s e t s TOTAL ASSETS B-301-b Minn. Kans.Cy. Dallas San Fran. 71,254 102,290 4 l , 0 7 4 176,763 1,589 1.113 854 5,7$72,843 103,403 41,923 182,517 21,659 38,478 32,181 3 8 , 8 8 4 560 10.823 3,749 31.244 846,342 162,635 95,062 152,704 77,858 252,645 1.178 246 34,865 12,749 8,577 9,577 331,207 175,434 103,639 l o 2 , 2 8 1 500 2,002 382 590 954 2,556 845 562 1,716 3,510 1,^07 6,904 13,175 84,762 270,320 7S2 766 212 259 872 1,605 1,813 39 1,255 1,294 1,131 1,817 8,712 16,880 25,111 75,132 9J 113,211 26,73s 6,446 7,969 12,513 3,773 3,869 14,227 ^,739 2,735 4,610 442,782 1,053,139 q^R.SPR 24,390 70,955 62.126 170,047 361,239 2ST067 74,042 65.011 32,160 96,237 84.57S 11,860 35,510 31.193 10,777 32,lSo 28.272 76,950 177,161 183.232 1^,493 41,901 26,239 36.S06 23,057 16,283 14,112 36,910 32,422 13,527 25,527 22,421 831.755 167,120 213,025 903 510 78,563 71,235 437,343 93,200 65,584 83,444 66,475 166,331 3S6,83S 200,167 232,621 1,27s 330 367 4 i s 4,781 1,069 89,54S 28,820 31,916 11,066 6,785 3.871 21,265 7,310 7,073 26,426 4,64i i,94l S6,463 2,431,746 157,671 It462 — 2,650,111 187,814 3,382 255 20,579 361,796 315 4o,423 51,91*+ 64,680 46,34O 3,224 5,115 402 300.4"6q • mmmm 130 l,s64 31,876 3,12S 2,536 so,907 455,080 117 1,736 13,369 2,372 2,636 3,9^1 455 3,953 45,251 7,375 9,874 1,554 — • 99,346 l4 963 16,062 3,111 2,547 415 49 — 66,03s — 70,181 39,348 76,31S 185,023 9 653 9,709 1,657 1,755 1,485 97 1,664 22,133 233 97 450 2,713 14,076 18,613 1,130 4,925 943 3,4S5 1,750 2,180 926 4,090 7 , 0 2 8 , 5 6 7 515,436 2 , 0 6 1 , 7 2 1 480,462 587,649 305,63s 232,84s 1,406,751 293,274 189,678 230,63s 181,341 483,131 * "Other cash" does not include F. R. notes or a "bank's own F. R. "bank notes. ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BASIKS OF JANUARY 1 0 , ( I n thousands o f d o l l a r s ) L I A B I L I T I E S Total I . E . n o t e s in actual c i r c u l a t i o n F.R.benk notes i n actual circul&tioi* Deposits: Member bank - r e s e r v e a c c o u n t Government F o r e i g n "bank S p e c i a l d e p o s i t s : member bank noranenber bank Other d e p o s i t s Total deposits R a t i o of t o t a l g o l d r e s e r v e s and o t h e r cash* t o d e p o s i t end F . R. n o t e 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 p u r chased f o r f o r e i g n c o r r e s p o n d e n t s New York 205,191 Fhile. Cleve. Rich. Atlanta 622,CU3 230,450 235,355 152,599 122,663 2,992,760 226,962 52,751 IS,717 25,064 20,576 2,776,357 192,032 1,061,705 31*4 32,236 53,293 304 1,926 4,699 423 3,317 *+5, S29 SSI 9,832 43,4oo 2,207 111,634 3,007,144 195,235 1,143,465 359,309 4o,643 35,312 144,946 10,551 53,507 148,322 9,610 45,217 D e f e r r e d a v a i l a b i l i t y items Capital paid in Surplus S u b s c r i p t i o n f o r Fed. Dep. I n s . C o r p . s t o c k : Paid 64,680 C a l l e d f o r payment on A p r i l 15 64,680 A l l other l i a b i l i t i e s 35,035 TOTAL LIABILITIES Boston 5,115 5,115 139,60s 44i *437 7,239 1,735 8,oU9 133,0-33 1,354 4l2 5,037 163 11,521 4,544 4,sss 68,321 157 1,683 l46 162 94,331 2,011 1,706 615 291 1,103 3,6*47 157,609 202,125 100,150 75,073 27,129 31,285 31,109 12,576 1 5,359 12,501 5,03 7 4,444 13,3 52 14,090 10,979 5,1*45 7,310 7,310 21,265 21,265 10,596 7,073 7,073 193 U Chicago S t . L o u i s 9,874 2,636 2,636 2,5*47 2,547 7,028,567 515,^36 2,061,721 480,462 537,649 305,638 232,848 i,4o6,751 258,274 63.6 4,006 65.5 57.6 278 60.2 1,469 62.4 4oo 377 1,220 71.0 2r7S7 64.2 1^9 4i,s46 206,435 10,600 i4,739 463,162 100,203 60,834 124,271 9*4,283 133,969 1,074 1,761 4,515 8 , 2 3 3 4,552 l,4l8 121 121 96 291 1^2 54i 320 2,669 927 2,150 16,970 2,955 IS 324 563 5,192 1,922 *4,534 1,209 14,335 11,923 7,73*4 502,i4s 117,644 63,476 129,556 100,448 215,165 9,434 46,633 17,323 22,177 15,335 19,793 *4,H9 3,763 10,663 12,694 3,929 2,879 3 , 4 2 0 7,7*44 3,683 9,645 20,681 4,756 1,097 2,533 2,726 Minn. Kans.Cy. D e l i a s San F r a n . 769,902 l4o,027 92,600 106,57s 23,222 7.299 7,595 9,596 9,37*4 AiL3_ 1,579 £~801c 69.3 133 495 68.1 130 1,755 1,755 1.764 2,180 4,925 863 1,306 1,836 139,67s 230,633 181,34i 488,131 59.6 64.2 68.7 64.3 S3 110 2,180 4,925 110 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total B i l l s discounted B i l l s bought i n open market C e r t i f i c a t e s and b i l l s M u n i c i p a l warrants 103,692 113,211 935,325 1,462 Within 15 d a y s 77,116 20,35*4 68,993 1,399 16 t o 30 days 7,135 28,907 31,513 10 31 t o 60 days 3,827 48,707 160,444 36 6l to 90 days 9,168 15,039 321,890 * " O t h e r cash" d o e s n o t incl-ude F. R. n o t e s o r a b a n k ' s own F . R . bank n o t e s . 91 days t o 6 months 1,226 154 167,446 17 Over 6 months 220 185,53^ 267 FEDERAL RESERVE NOTE STATEMENT ON JANUARY 1 0 , ( I n thousands o f d o l l a r s ) Total Boston Federal R e s e r v e n o t e s : Issued t o If.R.bank "by F . R . agent 3 , 2 9 1 , 0 5 3 252,038 Held "by F e d e r a l Reserve bank 292,293 25,126 In a c t u a l c i r c u l a t i o n 2,S9£,76O 226,962 C o l l a t e r a l h e l d "by agent as s e c u r i t y f o r n o t e s i s s u e d t o baa!:: Gold and gold c e r t i f i c a t e s 1,1+78,150 7*+, 555 Gold f u n d - F. R . Board 1,121,7^+5 1 2 7 , 6 1 7 E l i g i b l e paper 17o,0Sl 2&,o00 U. S . G o v t , s e c u r i t i e s 5 ^ 4 , 5 0 0 122,000 Total collateral 3,3^0,1+76 2 5 2 , 9 7 2 New York Phila. 702,697 245,772 79,35^ 15,322 6 2 2 , 8 U 3 230,1+50 Cleve. Rich. Atlanta 3 0 1 , 5 6 6 1 6 1 , 3 6 7 IUS.OSL 15,711 -3,768 235,055 152,599 1+S3,6O6 1 0 1 , 6 1 0 108,336 95,100 65,390 110,500 39,007 13,898 17,502 105,000 60,000 70,000 1934 B-SOld Chicago S t . L o u i s 97,925 115,331 5,335 8,753 48,324 6,390 7 6 9 , 9 0 2 11+0,027 92,600 10B,57S 4i,s46 206,1+35 223,760 1 9 , 5 3 , 3 5 3 122,663 Federal R e s e r v e bank n o t e s : Issued t o F.R.Bcnk( o u t s t a n d i n g ) Held by F e d e r a l R e s e r v e carle In actual circulation L46,4L7 6,1*72 253,665 1+7,230 52,100 21,880 Ui+7,713 28,1+82 29,75^ 1-3,1+90 20,57^ 91,000 3!+,375 6,375 69,000 3,O64 21+5,000 15,173 93,200 5,792 1+1,500 3,7'4l 83,300 5,365 20,500 9,*+73 85,763 17,336 120,000 20,000 23,500 10,000 — 65,000 21,000 1+8,000 7 2 2 , 7 1 3 21+5,898 3 0 6 , 3 ^ 3 1 6 3 , 3 5 0 II+6,9]+I+ 327,336ikj,kjk FEDERAL RESERVE BANK NOES STATELIExlT ON JANUARY 10, ( I n thousands o f d o l l a r s ) Total Minn. K a n s . C y . D a l l a s San F r a n , Rich. Atlanta 93,1+95 1 1 7 , 6 5 5 5 0 , 5 5 2 259,61+9 193^ Boston New York Phila. Cleve. Chicago S t . L o u i s Minn. K a n s . C y . D e l i a s San Fran. 233,255 2o,0o4 24,1+68 3,392 63,175 10,424 25,702 6,935 26,7bO 1,696 l+f5l+l+ — 5,1+82 59*4 30,122 1,SQ0 8,122 223 8,0l+5 450 9,777 131 12,l42 1,5^2 ll+,9l6 177 205,191 20,576 52,751 13,717 25,061+ 4,544 4,833 23,222 7,399 7,595 9,596 10,600 l4, 739 1,323 256,774 — 30, , 0 0 0 — 6^+, 27^ — 26,500 1,1+92 30,000 — 5,000 232 7,000 — 36,000 10l+ 9,000 10,000 10,000 li+,000 15,000 258,602 30,000 6^,271+ 26,500 31,*+92 5,000 7,232 36,000 9,IO4 10,000 10,000 i4,ooo 15,000 Collateral pledged against out s t r i d i n g n o t e s : D i s c o u n t e d and p u r c h a s e d bills U.S. Govt, s e c u r i t i e s Total collateral
@FedFRASER