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STATE!SEST FOR THE PRESS Released for publication Friday morning, Jan. 5; not earlier. B-SOl Federal Reserve Board January Ut 193^. CONDITION OF FEDERAL RESJ^VE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended January 3» as reported "by the Federal Reserve banks, was $2,636,000,000, a decrease of $12,000,000 compared with the preceding week and an increase of $53^,000,000 compared with the corresponding week in 1933* On January 3 total Reserye bank credit amounted to $2,633,000,000, an increase of $lH,000,000 for the week. This increase corresponds with increases of $35,000,000 in member bank reserve balances and $l6,000,000 in unexpended capital funds, nonmcmber deposits, etc., offset in part by a decrease of $33j000,000 in money in circulation and an increase of $Ut000,000 in Treasury curroncy, adjusted. Bills discounted declined $3,000,000 at the Federal Reserve Bank of Boston, $2,000,000 at How York and $5,000,000 at all Federal Reserve banks. The System*s holdings of bills bought in open market increased $10,000,000, 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 3* 193^* ^ore as follows: Increase or decrease since Jan. 3 195^ Dec. 27 1933 Jon. k _122L (In millions of dollars) Bills Bills U. S. Other discounted bought Government securities Reserve bank credit 106 121 2,^32 23 - 5 +10 — + 9 - 1U5 + ss + 581 — 2,6S3 U.323 1,993 + k + 525 - 201 + 9U Money in circulation 5.791 Member bank reserve balances. 2,710 Unexpended capital funds, nonmember deposits, etc. 5°2 -33 +35 •*l6 + 121 + 196 + 100 TOTAL HESERVE BANK CR3DIT Monetary gold stock Treasury currency adjusted — Released for publication Friday morning, January aorlier. 3-801a ASSETS A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE 3 AUKS COISDTED (in thousands of dollars) Jan. 3,193*+ Dec. 27>1933 Jan. 4, 1933 2,618,124 44,5^0 2,595,043 ^>739 2,344,625 40,496 2,652,664 2,639,782 2,385,121 626,653 279159*+ 648,343 280,661 3^2,098 446,137 3,568,911 3*5^8,786 3,173,356 226,799 209,356 262,482 3 f 795 f 710 3»778,142 13,086 13,5^ 35,176 70,9^3 36,925 73,627 71tl?2 179,930 106,119 110,552 251,102 121,062 111,083 32,617 442,817 1,053,240 443,166 1,053,163 420,901 296,4l4 935,853 935>850 1,133>595 2,431,910 2,432,179 1,350,910 1>493 1,494 5>218 2,550,584 2,655,308 2,139,847 3,333 18,541 504,940 ^1,884 45,491 — 3>333 16,739 42^,900 5M'04 45,4l4 6l,128 2,977 17t735 458,654 53,844 39»6o6 7,093,569 6,993,206 6,209,629 3,071,762 208,014 3>080,9^8 210,298 2,737>656 2,709,919 23,287 4,492 46,394 9,692 g4,0gg 2,675,153 29,720 5>H0 48,091 10,011 61,075 2,514,451 23,84-8 18,853 2,877,872 2,S29,l60 2,587,376 480,779 144,903 277,^80 32,559 410,929 144,634 278,599 38»58S ^3^,053 151,332 278,599 16,613 7,093,569 6,993,206 6,209,629 A S S E T S Gold with Federal Reserve agents . . . Gold redemption fund with U.S.Treasury Gold held exclusively against F.R.riotas Gold settlement fund with F.R. Board . Gold and gold certificates held by banks Total sold reserves . . . . Other cash* . . Total gold reserves and other cash Redemption fund - F.R. bank notes . . Bills discounted: Sec. by U.S.Government obligations Otjier 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 Total bills and securities . Gold held abroad . . . . . . . . . Dae from forei^i banks F. H. notes of other barics . . . . Uncollected itans . . . . . . . . . Bank premises All other assets TOTAL ASSETS — 3»^35> L I A B I L I T I E S F. R. notes in actual circulation . F. S. bank notes in actual circulation Deposits: Member bank - reserve acco-ant . . Government Foreign bank Special deposits - member bank . nonmember bank Other deposits . . Total deposits . . . . . . Deferred availability items Capital paid in . Surplus . . . . . . All other liabilities . . . . . TOTAL LIABILITIES Ratio of total gold reserves and other cash* to deposit and F.R.note liabilities combined 63*8$ 63.9fo 30*224 64.5$ Contingent liability on bills purchased for foreign correspondents . . . . # w 3,309 3>710 ^0,157 0th@r cash"does not include F. R. notes or/bank*s own F.R. bank notes # ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS OF JANUARY 3, 1934 (In thousands of dollars) A S S E T S Total Boston Gold with Federal Reserve agents 2,618,124 195,672 Gold redemption fund with U.S.Treas. 44,540 1,978 Gold held exclusive/^Jgainst F. R. notes 2,662,664 197,650 Gold settlement fund with F.R.Eorrd 626,653 Gold and gold certif. held by banks 279,59*4 Total gold reserves Other cash* 28,753 21,926 3,568,911 2^8,329 226,799 18,385 Total gold reserves & other cash 3,795,710 266,714 Redemption fund -F.R. bank notes 3ills discounted: Sec. by U.S.Govt, obligations Other bills discounted Total bills discounted Bills bought in open market 7 J. S. Government securities: Eonds Treasury notes Certificates and bills Total U.S.Govt, securities Other securities Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 13,086 35,176 70,9^3 1,250 2,185 2,079 106,119 4,264 121,062 27,810 442,817 1,053,240 935,853 24,390 70,955 62,326 2,431,910 157,671 1,^93 — Phila. Cleve. Rich. Atlanta 573.706 169,000 217,770 142,475 10,707 4,188 5,016 1,886 90,880 3,157 584,413 173,188 222,786 144,361 9M37 13,802 57,852 29,445 20,563 189,500 11,876 5,058 1,095 2,066 922,332 198,s66 285,696 174,901 116,666 52,345 30,947 16,200 13,366 11,717 974,677 229,813 301,896 188,267 128,383 3,169 1,290 1,334 933 255 i4s,4i9 20,495 5,972 2,197 26,661 20,005 4,584 47,156 25,977 6,781 11,569 7,806 12,266 449 3,935 4,334 3,901 256 45,491 372 55,430 3,224 379 7,093,569 517,370 2,035,^7 481,653 593,011 327,993 Chicago St,Louis 712,558 122,622 6,34l 1,304 Minn. Kans.Cy. Dallas San Fran. 73,254 102,290 1,612 1,170 719,399 123,986 74,866 103,460 168,302 36,692 19,251 34,196 243 1,310 550 10,962 889,011 160,921 94,667 l4s,6lS 7,847 9,O4S 33,323 11,088 922,334 172,009 102,514 157,666 492 521 1,735 593 41,074 176,763 865 5,816 41,939 182,579 33,761 35,617 3,744 31,264 79,444 249,460 6,349 16,184 85,793 265,644 623 791 886 824 4,593 849 3,o4l 962 631 104 1,770 39 1,357 683 1,599 5,422 3,890 1,593 1,874 1,396 897 2,485 4,105 13,896 ^,721 3,16s 4,602 9,208 18,010 76,950 14,494 41,901 16,301 14,108 13,527 177,161 437,343 93,200 170,047 28,069 32,160 ll,8Sl 10,800 361,239 7*+,o4l 96,287 35,510 32,285 300,469 65,010 84,577 31,192 28,298 S3l,755 167,120 213,024 73,563 71,383 903 510 ~ 891,323 201,413 232,071 86,848 80,910 1,228 367 330 130 117 4,761 342 1,126 1,387 1,082 123,381 39,988 47,470 45,446 18,048 11,066 3,S4I 6,735 3,128 2,372 25,742 4,599 1,9^9 2,532 3,756 — 2,660,584 189,745 3,333 18,541 504,940 51,884 ITew York B-SOl-b — 235,651 214 36,910 25,526 133,232 36,805 23,060 32,423 22,422 — — 455,129 26,243 65,604 83,441 80 70,726 22,257 11,497 .3,111 420 1,472 1,453,843 299,-159 138,930 283,679 455 3,903 61,287 7,375 1,625 9 512 1,657 • "Other cash" does not include F. R. notes or & bank's own F. R.- bank notes. 66,475 166,331 — — 39,439 97 1,273 30,034 3,485 1,164 99,51^ l4 1,342 25,110 75,182 66,039 76,580 186,826 97 408 19,103 1,750 919 233 2,033 30,999 4,090 934 185,273 491,550 ASSETS M D LIABILITIES OF THE FEDERAL RESERVE BANKS 01T JAFUARY 3. 193*+ (In thousands of dollars) L I A B I L I T I E S Total F.R.notes in actual circulation F.R.bank notes in actual circulation Deposits: Member bank - reserve account Government Foreign "bank Special deposits: member bank no run ember bank Other deposits Total deposits Deferred availability items Capital paid in Surplus All other liabilities TOTAL LIABILITIES Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined Contingent liability on bills purchased for foreign correspondents Boston 233,^19 3,071,762 208,011+ 20,600 Hew York Phila. Cleve. 61+9,11+2 23^,219 225,567 53,732 19,330 2H,32i Rich. Atlanta 156,576 12U,SUg k,555 5,071+ 2,709,919 66,792 23,237 U,i+92 101+ 173,766 1,002,1+10 129,935 177,013 101,91+6 2,231 2,319 131 6,1+31+ 1+,126 30U 1,720 Ul2 162 H37 1+6,391+ 1+92 3,510 6,989 M 6 5 1,999 9,692 — 1,989 727 157 687 SU,033 1,31+0 1+5,306 i+,lS7 1,352 639 2,377,372 173,633 1,060,157 iUi+,165 115,31+1+ 36,836 1+30,779 52,726 iUi+,903 10,561+ 58,l+o0 15,886 277,630 32,559 7,093,569 63.3 3,509 19,31+0 1,^78 37,7^6 10,326 27,973 2,69H 517,370 2,035,1+07 1+31,653 61+.7 57.0 273 60.7 1,272 ll+6 2,085 302 3,1+1+6 3-SOlc Cnicago St.Louis Minn. Kans.Cy. Dallas San Fran, 733,133 1^3,792 93,1^1 107,377 ^3,277 213,271 23,506 3,015 502,617 96,150 1,587 • 5U1 17,15^ 3 1+59 141 3,1** i+,905 7,607 9,617 11,036 lU,521 59,1+1+1+ ii9,si+s 775 127 121 96 1,020 2,127 20 311 96,180 65 121 322 — 183,76s ^,269 291 2,687 591 13,995 l,Sll+ 1,205 i+,Sl6 M 9 7 i,3H 139,1+33 106,277 72,375 523,107 109,615 65,31+3 12!+, 117 97,999 205,601 1+5,91+6 1+3,369 15,171 62,015 22,873 10,559 29,^13 19,619 26,31+S 3,926 2,876 4,087 3,722 10,637 12,1+5^ 5,03c U.i+57 12,796 28,236 10,979 10,1+17 1+0,1+29 9,8^9 8,01+3 19,^95 6,929 7,7^ 2,809 2,025 i,32l+ 1,527 1,677 1,089 3,857 2,55*+ 1,199 593,011 327,993 235,651 1,^3,f&3 299,159 188,980 283,679 185,273 *+91,550 63.0 377 71.6 61+.9 1H9 133 70.6 67.9 495 6I+.5 130 63.1 110 33 60.7 63.H 110 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 106,119 121,062 935,853 1,^93 Within 15 days 73,1+26 21,960 73,3^8 1,1+10 16 to 30 days 6,110 2^,613 ^6,703 30 3 1 to 60 days 10,7H 52,690 121,U30 6l to 90 days 9,^97 21,633 312,051+ 36 "Other cash" does not include F. R. notes or a bank's own F. R. bank notes. 91 days to 6 months 1,152 161 196,756 17 Over 6 months 223 185,562 FEDERAL RESERVE NOTE STATEMENT ON JA2TUARY 3, 1934 (in thousands of dollars) Total Boston Federal Reserve notes: Issued to F.R.bank by F,R,agent 3,31+if,122 255,715 Held by Federal Reserve bank 272,360 22,296 Total collateral 3,4o4,2s4 258,391 Rich. Atlanta 724,427 248,623 304,44s 169,ss4 143,436 75,285 l4,4o4 14,881 13,308 18,588 649,142 234,219 289,567 156,576 124,84s HS3,6O6 90,100 43s4o4 130,000 7)47,110 101,610 67,390 19,930 60,000 243,930 107,270 52,100 21,880 110,500 90,375 69,000 16,920 6,623 7,643 80,000 21,000 48,000 314,690 170,09s 146,523 Chicago St.Louis Minn. Zans.Qy. Dallas San Fran. 831,622 lUS,S58 5,066 97,862 116,159 4,721 8,782 783,133 143,792 93,1^1 107,377 48,489 265,000 1M53 110,000 28,482 94,200 5,936 22,000 S37,4II 150,618 447,552 29,75*+ 43,500 4,230 21,100 18,490 23,800 5,429 12,000 98,584 119,719 US,883 25^,205 5,606 40,934 213,271 r— r— Collateral held by agent as security for notes issued to bank: Gold and gold certificates 1,1+76,879 7^,555 Gold fund - F. R. Board l,l41.245 121,117 Eligible paper 135J060 30,719 U. S. Govt, securities 601,100 32,000 Cleve. C\J* 3,071,762 233,419 Phila. J? In actual circulation New York B-SOld 20,574 20,500 9,730 91,000 35,763 19,643 65,000 50,804 261,406 FEDERAL R2SEHVE BANS NOTE STATEMENT ON JANUARY 3, 1934 (In thousands of dollars) To tal Federal Reserve bank notes: Issued to F.R.3ank( outstanding) Held by Federal Reserve bank In actual circulation. Boston 23MJS 2k,602 26,SOU 4,002 20s,oi4 20,600 New York Phila* Cleve. Rich. Atlanta 63,^03 9,671 25,7^S 5,S6S 26,823 2,002 4,555 5,623 549 30,355 1,849 8,232 217 S,04S 441 9,S20 203 12,668 1,582 14,941 420 53,732 19,880 24,821 4,555 5,074 28,506 8,015 7,607 9,617 11,086 14,521 26,500 1,515 30,000 5,000 7,000 36,000 9,000 10,000 10,000 i4,ooo 15,000 26,500 31,515 5,000 7,229 36,000 9,12s 10,000 10,000 i4,ooo 15,000 Chicago St.Louis Minn. Zans.Oy. Dallas San Fran, Collateral pledged against outstanding notes: Discounted and purchased bills U.S. Govt, securities Total collateral 1,872 256,774 30,000 258,646 30,000 64,2 a 128 229
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