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STATEMENT FOR THE PRESS Released for publication Friday morning, Jan. 20; not earlier. B-801 Federal Reserve Board January 19, 1933. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve "bank credit outstanding during the week ending JanuarylS, as reported by the Federal reserve banks, was $2,10^,000,000, a decrease of $42,000,000 compared with the preceding week and an increase of $266,000,000 compared with the corresponding week in 1932. On January IS total reserve bank credit amounted to $2,068,000,000, a decrease of $38,000,000 for the week. This decrease corresponds with decreases of $29v000,000 in member bank reserve balances and $5»000,000 in unexpended capital funds,nonmember deposits, etc., and an increase of $17,000,000 in monetary gold stock offset in part by an increase of $13,000,000 in money in circulation. The System1s holdings of discounted bills, of bills bought in open market, and of United States G-overnment bonds show little change for the week while holdings of United States Treasury notes increased $9,000,000 and those of Treasury certificates and bills decreased $1+3,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending January 18, 1933» were as follov/s: Increase o*r decrease since Jan. IS Jan. 11 1933 1933 Jan . 20 1932 (In millions of dollars) Bills Bills U. S. Other discounted bought Government securities reserve bank credit TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted 2U9 32 1.77S 9 2,06S 4,566 + 1 — - 3^ - >+ - - 3S + +17 + 1.911 + 1 Money in circulation 5,602 Member bank reserve balances 2,5^5 Unexpended capital funds,nonmember deposits,etc,. 397 +13 570 156 +1 ,027 39 ILIL - - 29 - 5 + + - 261 116 126 11 573 61 Released for publication Friday morning, January 20,1$33'> not earlier. B-SOlC RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Jan. 18,1933 Jan. 11,195.3 Jan.20,1932 R E S O U R C E S 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 certificates held by banks Total gold reserves ; . . 4 . . Reserves other than gold 2,377,803 39,233 2,417,036 403,070 411,335 3,236,441 198,23s Total reserves Non-reserve cash . . i ; < . Bills discounted: Sec. by U.S. Government obligations Other bills discounted 3,^,679 27,570 2,3^5,320 39,7^2 2,385,062 1+05,282 1+32,189 3,222,533 195,112 3,1+17,61+5 91,61+7 2,056,234 59,493 2,115,727 363,410 526,777 3,005,914 189,717 3,195,631 76,387 . 66,1+96 182,172 *66,3S3 *181,76S Total bills discounted Bills bought in open market U. S. Government securities: Bonds Treasury notes . Certificates and bills Total U.S. Government securities Other securities 248,668 31,926 21+8,151 32,362 420,755 310,426 1,047,012 1+20,763 301,1+06 1,090,219 320,213 1,778,193 4,597 2,063,38^ 51,091 3,259 16,311 1,812,388 751,468 5,102 36,846 2,098,003 51,091 2,982 17,951 339,550 53,880 1,795,3^1 Total bills and securities < Gold held abroad Due from foreign banks . F. R. notes of other banks . . . . * . Uncollected items Bank premises . .. All other resources TOTAL RESOURCES 438,545 380,441 818,986 188,04l 33,557 397,698 40,39!+ 8,597 19,137 431,387 57,813 36,371 6,097,376 6,113,143 5,620,664 2,697,295 2,687,021+ 2,642,140 2,5^5,151. 17,842 20,539 2,573,944 24,340 2,607,872 31+3,716 151,288 28,468 1,971,564 26,146 81,830 26,335 344,921 53,?so 42,281 L I A B I L I T I E S F. R. notes in actual circulation . . Deposits: Member bank - reserve account . . . Government Foreign bank Other deposits Total deposits Deferred availability items Capital paid in Surplus ii........ All other liabilities . TOTAL LIABILITIES 21,430 20,629 2,105,925 18,606 2,644,471 334,256 151,309 278,599 17,484 6,097,376 6,113,143 5,620,664 278,599 428,687 159,459 259,421 25,032 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 64.7$ 64.1$ 67.3$ Contingent liability on bills purchased for foreign correspondents 1+0,721+ 39,932 285,299 •Revised. HE SOURCES AKD LIABILITIES OF THE FEDERAL RESERVE BAMS OF JANUARY IS, 1933 (In thousands of dollars) B-SOIb Total Boston Few York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,377,803 193,327 593,293 155,500 187,970 71,500 59,500 696,910 111,005 42,490 62,480 23,065 180,763 Gold redemption fund with U.S.Treasury 39»233 1,9^1 5,649 5,318 5,616 1,849 3,062 3,200 1,447 2,187 2,076 1.343 5,545 Gold held exclusively against F. R. notes 2,1+17,036 195,268 598,942 160,818 193,586 73,3^9 62,562 700,110 112,452 44,677 64,556 24,408 186,308 137,020 18,470 29,563 10,561 6,941 118,052 16,487 11,828 1^,753 6,625 20,093 Gold settlement fund with F. R. Board 408,070 17,677 8,674 24,860 2,510 1,957 8,380 4,005 26,108 S,04S 18,850 Gold and gold certif. held by hanks 411,335 14,827 3,^03 289,713 R E S O U R C E S Total gold reserves 3,236,441 227,772 1,025,675 187,336 241,999 198,23s 18,850 Reserves other than gold 61,525 20,835 13,344 Total reserves 3,U3U,679 246,622 1,087,200 208,171 255,31+3 ITon-re serve cash 6,4o4 26,278 4,205 5,262 27,570 Bills discounted: Secured by U.S.Govt, obligations 66,1+96 3,593 26,271 10,898 7,657 Other bills discounted 182,172 8,626 30,077 35.900 17.049 Total bills discounted 21+8,668 12,219 56,3^2 46,792 24,706 Bills bought in open market 2,161 31,926 9,724 2,920 3,H5 U. S. Government securities: Bonds 127,592 31,054 36,332 1+20,755 20,251 Treasury notes 310,1+26 17,273 124,147 24,461 32,085 Certificates and bills 1,01+7,012 54,900 394,753 77,743 101,975 Total U.S. Govt, securities 706,492 133,252 170,392 1,772,193 92,424 Other securities 1,025 3,552 M97 — — Total bills and securities Gold held abroad Due from foreign banks F. R, notes of other banks Uncollected items Bank premises All other resources TOTAL RESOURCES 2,063,331+ 106,so4 51,091 3,259 — '228 270 16,311 3l+l+,921 40,071 53,280 3,280 1+2,281 667 27,313 10,043 97,356 3,963 2,084 1,612 16,106 13.687 3,655 11.260 17,718 2,911 14,915 3,248 15,771 1,727 9,606 51,091 1,372 328 6,524 321 95,239 28,S6l 3,024 12,818 22,261 1,105 - - 4,190 467 317 4,833 10,047 10.971 9,023 10,364 11,438 S56 640 946 5,469 283 3,909 19,707 4,192 25,176 2,162 S56 11,726 32,707 17,278 25,160 6,429 22,216 20.434 70.609 52,607 5^,723 44,l4l 117,925 8,482 26,960 26,632 45,O4S 44,521 253,3^3 — — 116 1,168 33,655 26,656 6,929 3,237 3,045 1,985 295 936 35,038 232,509 41,175 13,882 17,123 8,492 36,356 11,816 175,812 37.555 26,932 776,182 184,196 198,024 62,546 — 87,689 7,120 78,177 843,022 131,449 58,462 8,927 4,657 5,707 27,978 83,884 871,000 140,436 63,119 2,232 15,420 3,^67 4,577 9»5io 2,379 — 63,253 8,419 10,773 94,809 43,457 243,282 2,904 3,622 9,236 10,290 •14 — 65,150 272,106 73,222 63,625 67,017 49,189 145,323 — — 104 708 8,950 2,422 ^,092 4o6 16 2,042 612 40,811 14,499 3,285 7,595 1,550 1.527 - - 209 11 27 27 384 194 1,750 1,402 7,528 17,676 12,733 17,642 4,244 1,746 1,741 3,559 1,442 945 1,683 1,979 6,097,376 404,346 2,079,565 1+30,211 502,U29 198,087 169,887 1,210,907"237,087 140,624 188,399 112,465 423,369 RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE"BAMS' OT JAJTJftHY IS, 1933 3-801c (in thousands of dollars) Minn. Kans.Cy. Dallas San Fran. Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis L I A B I L I T I E S F.R.notes in actual circulation Deposits: Member "bank - reserve account Government Foreign banlc Other deposits Total deposits Deferred availability items Capital paid in Surplus All other liabilities TOTAL LIABILITIES Reserve ratio (per cent) Contingent liability on bills purchased for foreign correspondents 2,697,295 127,094 556,056 229,520 278,37 2,5^5,151 142,220 1,264,534 124,749 140,105 732 1,003 2,869 17,84-2 2,022 7,570 1,421 2,045 1,928 20,539 9,280 24 116 1,853 24,3^0 2,607,372 145,687 1,282,116 127,913 146,755 94,007 343,716 39,741 58,618 151,288 10,830 85 ,,058 20,460 278,599 18,606 3,710 6,097,376 404,346 2,079,565 64.7 74.1 59.1 40,724 2,975 13,586 27,254 33,101 16,023 14,157 29,242 28,294 1,746 25a 430,211 502,429 60.1 5S.2 4,279 4,034 97,318 96,791 52,961 277 759 2,591 56,53s 25,686 5,158 11,616 1,721 198,087 63.3 685,293 137,085 43,131 417,874 894 2,394 682 2,531 926 2.257 45,633 425,556 9,303 41,704 4,726 16,145 10,544 39,497 2,890 2.712 169,887 1,210,907 78.4 58.9 1,589 1,426 5,297 62,752 3,006 662 1.959 68,379 15,974 4,360 10,186 1.103 237,087 68.4 1,385 38,666 1,520 448 377 4l,011 7,719 2,886 7,019 1.009 140,624 51.7 937 65,057 46,051 147,051 530 1,601 494 1,363 565 565 4,559 163 235 67,386 47,345 153,503 17,427 i4,ioo 17.700 4,043 3,918 10,424 8,263 8,719 19.701 769 1.079 1,074 188,399112,465 423,369 60.0 51.3 65.0 1,182 1,182 2,852 FEDERAL RESERVE FOTE STATEMENT 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 for notes issued to banks Gold and gold certificates Gold fund - F. R. Board Eligible paper U. S. Gov't, securities Total collateral 2,932,263 207,502 234,968 20,408 2,697,295 187,094 628,693 243,646 290,910 104,147 114,783 718,792 145,631 83,733 97,992 4i,640 254,794 72,637 14.126 12.534 6.829 17.992 33.499 8,546 2.753 7.481 4.336 33.827 556,056 229,520 278,376 97,313 96,791 685,293 137,085 80,980 90,511 37,304 220,967 1,122,158 47,010 1,255,645 146,317 233,636 12,202 354.600 2.900 2,966,039 208,429 434,293 78,290 71,470 18,345 14,000 264,910 23,505 13,990 10,680 109,000 77,210 116,500 53,155 45,500 432,000 87,500 28,500 51,800 53,467 46,664 24,595 16,293 18,084 14,649 8,750 8,835 10,758 42.000 80.000 17.000 39.000 10.000 26.000 32.700 27.000 646,760 244,164 292,565 104,793 116,584 721,559 145,755 84,025 100,233 Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 248,668 31,926 1,047,012 4,597 Within 15 days 171,772 5,161 83,325 4,558 MATURITY DISTRIBUTION OF BILLS AED SHORT TERM SECURITIES 91 days to 16 to 30 days 31 to 60 days 6l to 90 days 6 months 9,350 20,135 27,648 18, 398 6,637 87,800 l4 10,157 274,231 9, 971 54, 250 252,763 25 12,165 83,500 10,900 97,263 3,788 15,551 15,000 63,000 41,353 259,314 Over 6 months 1,365 294,643
@FedFRASER