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STATEMENT FOR TEE PiffiSS Released for publication Friday morning, Jan# 2.6; not earlier# Federal Reserve Board January 25, VffK CONDI TI Oil OF FEDERAL RESERVE BALKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended January 2U, as reported "by the Federal Reserve "banks, was $2,6^,000,000, a decrease of $10,000,000 compared with the preceding week and an increo.se of $563,000,000 compared with the corresponding week in 1933* On January 2^ total Reserve bank credit amounted to $2,631,000,000, a decrease of $15,000,000 for the week* This decrease corresponds with decreases of $62,000,000 in money in circulation and $7,000,000 in unexpended capital funds, nonmember deposits, etc., and an increase of $3,000,000 in Treasury currency adjusted, offset in part by an increase of $63,000,000 in member "bank reserve balances. Bills discounted declined $3,000,000 at the Federal Reserve Bank of Boston and $U,000,000 at all Federal Reserve banks* The System's holdings of bills bought in open market decreased $8,000,000, while holdings of the various classes of United States Government securities were practically unchanged* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended January 24, 193^, were as follows: Increase or decrease since Jan# 2k 1934 Jan# 17 1934 Jan. 25 1933 (In millions of dollars) - lSs + 73 + 669 97 104 2,432 - 2 - 4 - 8 - 3 - TOTAL RESERVE B M K CREDIT Monetary gold stock Treasury currency adjusted 2,631 4.322 1,903 -15 + 8 + 564 - 234 9 Money in circulation Member bank reserve balances Unexpended capital fundBfnotatiember deposits,etc* 5.581 2,651 424 -62 +63 - 7 - 30 + 33S + 13 Bills Bills U # S* Other discounted bought Government securities Reserve bank credit — — 9 Released for publication Friday morning, January 26,1934; not earlier. B-SOla ASSETS AMD LIABILITIES OP THE T m V E FEDERAL RESERVE BAtlKS CO IS HIED (In thousands of dollars) Jan. 24,1934 Jan. 17,1934 Jan. 25>1933 A S S E T 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 tgold reserves . . . . . . # Other cash * Total gold reserves and other cash # Redemption fund - F. R. bank notes . . Bills disco-unted: Sec. by U.S#Government 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«Government securities . Other securities . 2,567,317 43,974 2,611,291 2,390,103 37,736 3,559,963 3,560,30^ 248,lo3 244,870 2,427,839 432,095 398,767 3,258,701 287,941 3,805,174 3,546,642 2,535,17^ 6^,365 280,424 3,003,126 13,OO4 675,135 273,878 12,527 35.910 61,320 * *35,553 **65,762 97.230 104,126 101,315 111,939 442,781 1*053,138 935,820 442,807 1,053,163 935,820 2,431,739 2,431,790 1,293 1,413 2,646,457 .. . 2,634,388 3,120 .. . . * .. . . 3,395 19,783 377,583 51,980 69*650 ^•987 . . . . . . . 7,030,016 Total bills and securities Gold held abroad Due from foreign banks F. R. notes of other banks .... Uncollected items . . . . . . . . . Bank premises Fed. Dep. Ins. Corp. stock .... All other assets . . . . . . . . . TOTAL ASSETS 2,541,818 68,543 196,155 264,698 31,^96 420,890 319,760 1,022,661 1,763,311 4,526 2,064,031 51,980 13,589 3,487 15,^52 300,746 53,380 47,340 46,838 7,077,984 6,044,665 4,319 3,390 20,512 416,635 69,650 L I A B I L I T I E S F. R. notes in actual circulation . . # 2,705,667 2,959.556 2,931,359 F. R. bank notes in actual circulation 204,536 203,176 — Deposits: 2,850,961 Member bank ~ reserve account . 2,513,199 2,788,073 Government . . . . . . . . . . 12,811 65,240 105,356 4,4s3 33,640 Foreign bank 3,955 44,900 Special deposits - member bank 43,068 10,455 nonmember bank 10,005 84,151 27.594 Other deposits . 79,266 2,587,244 3,036,890 Total deposits . . . . 3,053,023 301,658 Deferred availability items . . . 384,702 420,675 151,201 Capital paid in . . . . . . . . . l45,4oo 1^5,078 Surplus . . . . . . . . . . . . . 278,599 138,383 138,383 Subscription for Fed. Dep.Ins.Corp stock: — — 69,650 Paid . . .. 69,650 — 69,650 Called for payment on April 15 69,650 20,296 All other liabilities . . . . . . 33,566 3M72 6,044,665 7,077,984 TOTAL LIABILITIES . . 7,030,016 Ratio of total gold reserves and other cash* to deposit and F.R.note liabilities combined . . . . . . . » 67.0$ 63.6^ 63.5$ Contingent liability on bills purchased for foreign correspondents . . . . . 4,474 4,477 Ulf83X "Other cash" does not include F.R. notes or a bank*s own F»R#bank notes* **Revised http://fraser.stlouisfed.org/ # Federal Reserve Bank of St. Louis ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BASKS ON JAMJAR! 24, 1934 (In thousands of dollars) B-801-b Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran, Gold with Federal Reserve Agents 2,541,813 184,672 553.706 164,500 218,886 134,599 90,385 672,713 131,697 74,444 105,290 38,163 172,763 Gold redemption fund with U.S.Treas. 43,356 3,246 9,717 4,155 M83 l,4p2 3,008 7,357 "1,210 1,482 1,065 811 5.622 A S S E T S Gold held exclusively against F. R. notes 2,585,174 187,918 Gold settlement fund with F.R.Bosrd 694,365 25,928 Gold and gold certif. held by hanks 220,424 21,827 Total gold reserves 3,559,963 235,673 other cash* 248,163 22,234 Total gold reserves & other cash 3,208,126 257,907 Redemption fund - F.R. 'bank notes 13,004 1,250 Bills discounted: Sec. by U.S.Govt, obligations 2,659 35,910 61,320 1,355 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 Gold held abroad Ihie from foreign banks F. R. notes of other banks Uncollected items 3ank premises Fed, Dep. Ins, Corp. stock All other assets TOTAL ASSETS 97»230 104,126 4,oi4 23,707 442,781 1,053,138 935,320 70,955 24,390 62,326 2,431,739 157,671 1,293 — 2,634,388 185,392 3,120 3,395 19,783 377,583 51,980 69,650 256 384 40,470 3,224 5,H5 563,^23 168,655 223,169 136,001 180,717 17,338 7 M 7 2 27,633 187,880 11,851 3,897 999 932,020 197,844 301,732 164,633 111.5^7 59,173 3^,220 16,914 14,138 13,303 680,070 132,907 75,926 106,353 38,974 178,385 174,619 4l,l6S 18,042 48,736 U.2,3^7 26,070 3.Q05 221 375 10,575 3,628 35.057 357,69^ 17^,296 94,343 165,714 84,949 239,512 32,217 10,771 9,517 9,824 6>679 19.168 991,193 232,064 312,652 178,771 124,850 1,100 l.Uoi 230 672 2,779 889,911 185,067 103,860 175,53s 91,62s 253,630 2,546 470 500 555 596 S25 20,253 24,783 45,036 3,241 5,532 17,929 3,052 3,847 23,461 6,899 6,987 . 12»357 464 3,278 3,742 3,609 170,046 28,067 32,160 11,859 361,239 74,042 96,287 35,510 300,470 65,011 84,577 31,193 331,755 167,120 213,024 78,562 — 510 783 880,815 198,073 232,280 3,120 1,292 370 325 5,441 4il 1,066 93,966 3l,H3 36,235 11,066 3,936 6,785 21,265 7,310 7,073 27,961 5,051 1,556 85,913 — 129 1,698 93,393 17,0^5 1,109 930 1,940 3,399 1,975 5,339 3,846 2,905 13,844 10,767 32,186 23.273 71,226 — 80,411 — 113 1,551 32,422 14,692 3,128 2,372 2,636 2,904 2,429 3,815 62b 426 1,052 3,956 44 1,549 39 992 1,593 2,401 1,031 4,095 331 1,564 263 1,895 11,371 14,712 76,9^1 14,492 16,293 14,113 18,527 25,110 177,161 41,901 26,239 36,910 25,527 75,121 133.231 36.807 23.050 32,421 22,421 437,343 93,200 65,588 83,444 66,475 166,331 — 66tO4O — 454,092 98,208 69,582 88,570 78,109 182,938 — 448 15 2,590 1,642 45,i4I 18,283 3,111 7,375 9,874 2,547 419 1,^33 — 11 •781 8,492 1,657 1,755 1,225 1,432 7,030,016 495,223 2,038,903 479,433 605,373 307,674 231,117 1,413,460 309,762 188,155 48,937 4o 223 * "Other cash" does not include F» R. notes or a bank's own F. R. bank notes. 95 95 379 241 2,655 L6,ios 17,220 4,090 i,75i 2,066 2,180 M 2 5 1,084 915 1,617 295,964 191,761 473,191 1,185 ?3,44l 3,^85 ASSETS M D LIABILITIES OF THE FEDERAL RESERVE B A M S 01T JANUARY 24, 1934 (In thousands of dollars) B-SOlc Total Boston "New York Phila. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 757,204 137,224 92,277 106,014 596,960 227,011 283,376 142,902 120,933 2,931,359 222,571 F.R.notes in actual circulation 52,169 19,344 24,217 4,4so 4,732 23,654 7,913 7,395 9,4s4 203,176 19,532 F.R .bank notes in actual circulation Deposits: 2,S50,96l 176,733 1,079,416 145,980 208,944 93,665 65,923 Member tank - reserve account 490,095 105,02s 59,219 133,945 1,399 26,419 1,179 65,240 935 456 1,417 6,932 737 Government 12,246 4,557 268 2,047 4,483 352 123 104 387 86 130 142 Foreign batik: 469 227 43,o6s 4,859 6,576 2,231 1,133 1,855 1,793 1,798 15,767 3,077 Special deposits: member bank 10,005 130 5,298 2 784 871 1,915 229 nonmember bank 249 863 79,266 27,128 3.031 1 , 1 1 1 4,322 Other deposits 1,7^8 1,339 10,844 5,215 2,923 Total deposits 3,053,023 180,450 1,133,952 156,656 212,501 104,427 73,224 519,916 128,681 67,229 144,225 Deferred availability items 50,088 21,050 8,596 23,371 40,627 13,273 29,864 92,011 384,702 35,P57 32,577 Crpital paid in ' 12,878 3,941 2,273 4,125 4,455 58,607 15,723 12,517 5,037 145,400 io,643 .20,621 4,756 3,420 3,613 5,145 Surplus 45,217 13,352 14,090 5,171 13s,383 9,5io Subscription for Fed, Dep. Ins. Corp , stock: Paid 2,636 9,874 69,650 5,115 21,265 2,904 7,310 2,547 1,755 2,066 7,073 Called for payiaent on .April 15 9,274 21,265 7,310 7,073 2,904 2,636 69,650 5 , H 5 1,755 2,066 2,547 All other liabilities 12,451 4,291 2,203 2,669 1,272 2,222 34,673 i»56o 1,695 94o 1,103 L I A B I L I T I E S TOTAL LIABILITIES Ratio of total gold reserves and other cash* to deioosit and F.R. note liabilities combined Contingent liability on bills purchased for foreign correspondents 7,030,016 495,223 2,038,903 479,433 63.6 64.0 4,474 57.1 317 1,591 60.5 459 605,373 307,674 63.5 423 70.6 231,117 1,413,460 309,762 64.1 168 154 69.7 182,155 69.6 556 146 101,239 185,114 S75 104 362 7,092 109,67s 17,254 3,903 3,683 2,180 2,180 1,320 8,03s 265 2,790 527 13,624 210,358 13,929 10,638 9,645 4,325: 4,925 1,741 295,964 191,761 473,191 70.1 64.8 Dallas San Fran. 41,029 197,253 9,934 14,772 101 123 60.8 123 63.5 313 MATURITY DISTRIBUTION OF BILLS AITD SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 97,230 104,126 935,220 1,293 Within 15 days 76,294 29,242 31,513 1,2*40 16 to 30 days 4,04l 25.400 58.401 31 to 60 days 12,367 40,431 332,463 36 6l to 90 days 3,707 2,943 155,133 * "Other cash" does not include F. R. notes or a bank's own F. R. bank notes. 91 days to 6 months 749 Over 6 months 172,781 17 185,529 110 72 FEDERAL RESERVE FOTE STATEMENT ON JANUARY 24, 1934 (In thousands of dollars) Total federal Reserve notes: Issued to F.R.bank by F.R»agent Held by Federal Reserve bank Boston 3,202,007 239,588 270,648 17,017 2,931,359 222,571 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 1,^74,073 74,555 Gold fund - F. R. Board 1,067,745 110,117 Eligible paper 165,201 26,962 U. S. Govt, securities 55s,800 32,000 In actual circulation Total collateral 3,265,819 243,634 Hew York Phila. Cleve. Rich. Atlanta 671,109 243,126 297,639 157,61+2 1^1,369 74,149 16,115 1^,263 8,740 20,436 B-801-c Chicago St.loxiis Minn. Kans.Cy. Dallas San Fran. 799,241 143,996 92,389 113,061 42.037 6,772 5,512 7.047 ^5,953 250,89!+ ^,924 53,636 596,960 227,011 223,376 i4s,902 120,933 757,204 137,224 92,877 106,014 41,029 197,25s 101,610 108,386 52,224 21,335 70,100 62,890 110,>500 82,375 69,000 34,781 17,9^3 17,356 5,993 7,625 105,000 62,000 70,000 21,000 48,000 693,487 244,44s 306,242 161,592 146,010 447,713 28,497 29,944 18,490 225,000 103,200 44,500 86,800 14,510 4,708 3,31s 4,628 120,000 9,000 21,800 5,000 807,223 145,405. 99,562 114,918 4S3,6O6 20,663 87,000 17,500 85,763 11,467 15,905 65,000 49,630 253,668 FEDERAL RESERVE BAI3E IIOTE STATEMEFT 01T JA1TOARY 24, 1934 (In thousands of dollars) Total Federal Reserve bank notes: Issued to F.R.Bank( outstanding) Held by Federal Reserve bank In actual circulation Boston 228,835 24,080 25,659 4,548 203,176 19,532 Hew York Phila. Cleve. 62,513 25,294 25,810 10,344 5,950 1,593 52,169 19,3^4 24,217 Rich. Atlanta Chicago St.Louis 29,065 1,011 28,654 s,no 4,480 5,312 530 4,782 4,4so — 197 7,913 Minn. Kans.Cy. Dallas Sail Fran. s,o4o 145 7,895 9,710 10,906 14,915 226 972 143 9,484 9,934 14,772 Collateral pledged against outstanding notes: Discounted and purchased bills U, S. Govt, securities Total collateral 30,000 64,274 26,500 30,000 >,000 210 7,000 36,000 9,000 10,000 10,000 l4,ooo 15,000 253,364 30,000 64,274 26,500 31,321 5,000 7,210 36,000 9,059 10,000 10,000 l4,ooo 15,000 1,590 256,77^ 1,321 59
@FedFRASER