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STAT3KEFT FOR THE PRESS Released f o r publication Friday morning, Jan. 13; not e a r l i e r . B-801 Federal Reserve Board January 12, 1933* 001T3ITI02I OF FEDERAL RESERVE BATCCS The daily average volume of Federal reserve ba^k credit outstanding during the week ending January 11, as reported "by the Federal reserve banks, was $2,146,000,000, a decrease of $6,000,000 compared with the preceding week and an increase of $25^,000,000 compared with the corresponding week in 1932. On January 11 total reserve bank credit amounted to $2,106,000,000, a decrease of $58,000,000 for the week. This decrease corresponds with a decreas© of $80,000,000 in money in circulation and increases of $25,000,000 in monetary gold stock and $12,000,000 in Treasury currency, adjusted, o f f s e t in part by an increase of $60,000,000 in member bank reserve balances. Holdings cf discounted b i l l s declined $4,000,000 at the Federal Reserve Bank of San Francisco and $3,000,000 at a l l Federal reserve banks. The Systems holdings of b i l l s bought in open market and of United States Government bonds show l i t t l e change for the week, while holdings of United States Treasury notes increased $5,000,000 and those of Treasury c e r t i f i c a t e s and b i l l s decreased $44,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending January 11, 1933» were as follows: Increase or decrease since Jan. 11 1933 Jan. 4 I933 Jan. 13 1932 (In millions of dollars) 3ills !3ills U. S. Other discounted bought Governnent securities reserve bank credit TOTAL HESUHVS BA^S CE3DIT Monetary gold stock Treasury currency adjusted 2^8 32 - 13 - 2,106 1,910 Money in circulation 5.589 Member banl: reserve balances 2,57*+ Unexpended capital funds,noaxnember deposits,etc. 402 - 37 58 + 272 12 + 132 16 _ 80 + 570 39 + 25 + - - 182 +1,062 1 - 1,812 4,5^9 3 — 60 — + 92 - 30 - 54 + 580 Released f o r publication Friday morning, January 13,1933; not e a r l i e r . B-301c RESOURCES ATD LIABILITIES 01 THE TWELVE FEDERAL RESERVE BAMS C0HBI1TED (In thousands of d o l l a r s ) Jan. 11,1933 Jan. M 9 3 3 Jan. 13>1932 2,344,625 2,074,369 2,385,121 2,132,711 385,583 483,542 RESOURCES Gold with Federal reserve agents • . . # Gold redemption fund with U.S.Treasury . 2,3^5,320 39,7^2 Gold held exclusively against F.R.no tes 2,385,062 Gold settlement fund with F. R. 3oard . 405,282 Gold and gold, c e r t i f i c a t e s held by banl:s 432,189 Total gold reserves . . 3,222,533 Reserves other than gold . . . . . . . 195,112 Total reserves . . Hon-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 s e c u r i t i e s : Bonds Treasury notes C e r t i f i c a t e s and b i l l s Total U.S. Government s e c u r i t i e s 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 Dae from foreign banks . . F. B. notes of other banks Uncollected items Bank premises All other resources . . DOTAL RESOURCES 40,496 342,098 445,137 58,3^2 3,173,356 179,928 3,001,836 3,417,6^5 91,647 3,353,284 3,187,881 82,554 78,415 66,590 •71,172 437,3^8 380,993 818,341 151,561 *179,93Q 2'4S,151 251,102 32,617 4.20,763 301,406 1,090,219 420,901 32,362 296,414 1,133,595 186,045 213,801 320,267 30,596 400,712 1,850,910 751,575 5,102 2,09s,003 51,091 2,139,847 29,732 1,813,449 17,951 339,550 53,380 2,977 17,735 458,654 8,063 18,368 53,844 39,606 439,210 57,811 33,931 6,113,143 6,209,629 5,637,728 2,687,024 2,737,656 2,635,766 2,573,944 21,430 20,629 2,514,451 23,848 18,853 30,224 1,99^,3^7 32,638 75,129 27,996 1.812.3C8 2,982 40,394 61,128 L I A B I L I T I E S a> R. notes in actual c i r c u l a t i o n , . . Deposits: Member bank - reserve account . . . . Government Foreign "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 . . . . 28,468 2,644,471 33^,256 151,309 278,599 17,484 6,113,143 2,587,376 >+38,053 151,332 278,599 16,613 6,299,629 2,130,110 427,469 159,836 259,421 25,126 5,637,728 Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . . 64.1* 63.0* 66.9* Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 39,932 ^0,157 285,l4l •Revised. RESOURCES AND LIABILITIES OF THE FEDERAL TSESERVE BASKS OH JA1IUARY 11, 1933 ( I n thousands of d o l l a r s ) B-801b Total Boston ITew York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,345,320 188,827 601,535 156,000 187,970 70,000 58,500 656,910 76,155 *1,040 62,480 23,640 182,263 Gold redemption fund with U.S.Treasury 39,7*2 2,072 5,812 5,359 5,692 1,865 2,857 3,361 1,505 2,204 2.095 1,353 5.567 Gold held exclusively against F. R. notes 2,385,062 190,899 607,347 161,359 193,662 71,865 61,357 700,271 77,660 43,21+1* 64,575 24,993 187,830 Gold settlement fund with F.R. Board 405,282 17,269 139,991 19,952 33,634 11,769 8,195 108,262 14,156 8,701 13,305 7,081 22,961 Gold and gold c e r t i f . held by banks 432,189 14,905 309,356 7.908 18,692 3,440 8.975 26.275 2.723 2.551 8.'492 4.045 24.827 RESOURCES Total gold reserves Reserves other than g o l d Total reserves * T on-reserve cash B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted 3,222,533 223,073 1,056,694 189,225 245,988 195,112 17,792 59,*13 20,520 3,*17,6*5 240,865 ]L, 116,107 209,745 26,648 91,647 M36 6,333 66,590 3,727 181,561 8,772 248,151 12,499 27,492 12,477 87,074 28,559 9,*77 *,798 7,290 258,465 96,882 863,367 io4,oi6 16,610 3,919 59,29* 2,474 93,662 3,o4s 5,212 *,157 7,722 1*,592 1,893 13,831 1,764 15,164 3,8** 12,113 4,808 3,526 313 10,001 22,314 15,724 16,92s 2,921 1,790 3,039 15,957 3,848 8,33* 946 31,123 36,431 23,778 31,189 81,188 106,491 9,632 8,246 28,153 9,5*7 i n , 279 8,146 35,3*2 27,811 180.929 45,504 257,550 11,031 57,329 411,747 Total U. S. Govt, Other s e c u r i t i e s 1,812,388 5,102 94,423 719,144 136,089 17*,ill 1,000 3,711 46,031 2,058,003 109,083 199,346 63,5*5 securities Total b i l l s and s e c u r i t i e s Gold held abroad Due from foreign banks F., H. notes of other banks Uncollected items Bank premises A l l other resources TOTAL RESOURCES ^20,763 20,303 301,406 16,791 187,054 120,343 51,091 2,982 17,951 339,550 53,880 40,39* — — 228 228 38,180 3,280 648 3,115 — 791,444 186,820 51,091 1,095 — — 328 6,656 387 101,986 26,296 12,818 21,096 86,372 5,727 1,090,219 10,027 5*,*96 84,254 5,456 3i,070 35,585 58,562 46,616 2,161 9*,539 9,808 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 Tree-sury notes C e r t i f i c a t e s and b i l l s 32,362 78,527 834,808 3,024 1,136 295 967 30,482 6,929 1,963 6,113,143 398,845 2,128,941 432,372 503,659 — — — io4 116 1,828 97* 3,237 3,06S 2,422 4,116 26,760 10,275 199,593 4o6 2,214 37,225 7,595 l,*97 8,517 10,73* 44,636 246,352 3,929 9,225 468 10,859 357 *,1*7 21,901 10,314 11,327 4,504 25r072 2,163 3,171 64o 856 856 13,916 ll,4s6 39.218 17,198 8,237 28,126 11,755 17,300 34.156 21.336 64,620 53,561 391 55,91* 44,885 120,556 — 65,471 277,355 36,119 235,618 73,900 16 1,072 14,616 3,285 1,027 10,003 — 25,225 6,249 21,596 — 73,735 — 64,906 68,097 50,245 1*7,791 11 633 7,857 1,7*6 1,811 173,072^06,269 201,851 138,732 —— 87 1,263 17,078 3,559 961 87 264 11,772 1,7*1 i,4o6 209 I,*65 17,023 4,244 1,665 187,755 n * , 0 8 0 *27,97* L I A B I L I T I E S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JANUARY 11, 1933 (In thousands of dollars) B-SOlc Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. F.R.notes in actual circulation 2,687,024 190,571 562,137 231.322 281,906 98,594 96,761 686,003 105,313 81,052 90,1*00 37,916 225,01+9 Deposits: Member bank - reserve account 2,573,944 135,006 1,300,852 127,518 11+2,191 51,761+ 1+5,1+88 1+15,303 60,030 37,057 65,814 1+6,868 11+6,053 Government 21,1130 1,825 97S 1,961+ 1,1+98 1,5^2 2,970 1,153 1,603 423 3,725 2,397 1,352 Foreign "bank: 20,629 1,421 565 565 1,363 082 7,660 2,01+5 1,92s 662 44s 759 2,531 Other de-00sits 652 M 9 6 l,12l+ 28,468 2,658 2,576 173 9,901 376 W. 131 3,597 Total deposits 2,61+1+,1+71 133,991 1.321.3S3 130,81+7 11+7,806 56,781+ 1+7,717 1+25,156 65,665 39,233 67,530 50,01+9 153,310 Deferred availability items 33^,256 37,1+21+ 98,951 2l+,718 29,781+ 25,781+ 10,1+1+2 36,73^ ,15,385 7,567 16,702 12,381+ 18,381 Capital paid in 151,309 10,856 58,619 16,01+2 ll+,099 5,159 l+,732 16,157 4,360 2,586 4,052 3,920 10,1+27 Surplus 278,599 20,1+60 85,058 29,21+2 28,294 11,616 10,544 39,497 10,186 7,019 8,263 8,719 19,701 All other l i a b i l i t i e s 17,484 543 2,793 201 1,770 1,656 2,576 2,722 942 975 S08 l,0j2 1,106 TOTAL LIABILITIES 6,113,143 398,845 2,128,941 432,372 503,659 199,593 173,072i206,269 201,851 138,732 187,755 114,080 427,974 Reserve ratio (per cent) 64.1 73.1 60.8 65.1 57.9 60.1 62.4 58.3 77.7 50.7 59.3 ^9.3 59.3 Contingent l i a b i l i t y on b i l l s p'jrchased f o r foreign correspondents 39,932 2,87b 13,697 4,136 3,900 1,536 1,379 5,121 1,339 906 1,142 1,142 2,758 Federal reserve notes: Issued to F.R.Bank by F.R. Agent 2.929,953 210,427 Held by Federal reserve bank 242,929 19,856 In actual circulation 2,687,024 190,571 Collateral held by agent as security for notes issued to banks Gold and gold c e r t i f i c a t e s 1,111,675 47,010 Gold fund - F. R. Board 1,233,645 141,817 Eligible paper 232,679 12,477 U. S. Gov't, securities 384,400 9,900 Total collateral 2,962,399 211,204 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 248,151 32,362 1,090,219 5,102 FEDERAL RESERVE "TOTE STATEMENT 642,187 245,257 293,717 106,080 114,995 721,936 113,525 83,753 97,885 41,956 258,235 80,050 13,935 11,811 7,486 18,234 35,933 8,212 2,701 7,485 4,o4o 33,186 562,137 231,322 281,906 98,594 96,761 686,003 105,313 81,052 90,400 37,916 225,049 Within 15 days 170,733 6,064 119,758 4,089 18,345 51,655 16,335 20,000 14,000 264,910 23,655 13,540 10,680 12,240 85,000 44,500 432,000 52,500 27,500 51,800 11,400 97,263 17,-38 15,713 8,167 8,581 10,547 4,162 14,763 40,000 15,000 29,300 34,700 25,000 14,500 65,000 657,277 2l+5,4S0 295,244 106,335 115,938 727,623 113,622 84,321 101,027 42,302 262,026 472,535 78,290 129,000 77,710 55,7^2 46,480 43,000 71,470 116,500 22,274 85,000 MATURITY DISTRIBUTION OF BILLS AND SHORT TERL1 SECURITIES 91 days to l6 to 30 days 31 to 60 days 6l to 90 days 6 months 18,526 21,085 26,976 9,332 6,489 7,991 11,818 62,975 213,031 263,263 1^3,550 1,000 13 Over 6 months 1,499 287,642
@FedFRASER