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STATEMENT FOR THE PRESS Released for publication Friday morning, July lk\ not earlier B-801 Federal Reserve Board July 13,1933 CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending-July 12, as reported by the Federal reserve banks, was $2,230,000,000, an increase of $5,000,000 compared witft the preceding week and a decrease of $lg7,000,000 compared with the corresponding week in 1932. On July 12 total reserve bank credit amounted to $2,201,000,000, a decrease of $5,000,000 for the week. ..This decrease corresponds with a decrease of $85,000,000 in money in circulation, offset in part by increases of $50,000,000 in member bank reserve balances and $6,000,000 in unexpended capital fords, nonmember deposits, etc,, and a decrease of $25,000,000 in Treasury currency, adjusted, Bills discounted decreased $10,000,000 at the Federal Reserve Bank of San Francisco and $14,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $10,000,000, while holdings of Treasury certificates and bills increased $12,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending July 12, 1933, were as follows: Increase or decrease since July 12 1933 July 5 1933 July 13 1932, (In millions of dollars) Bills Bills U. S. Other discounted bought Government securities reserve bank credit 168 13 2,007 13 - 10 + 12 + 7 ~ 3^8 + 186 5 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted 2,201 Ml9 1,930 ~ 5 + 1 - 25 + 216 3S7 + 163 Money in circulation Member bank reserve balances Unexpended capital funds,nonmember deposits,etc. 5,667 - 85 4- 50 - u7 + + 25^ 127 4. 6 Released, for publication Friday norning, July 1*+, 1933; not earlier. 3-801a RESOURCES AMD LIABILITIES OF THE TWELVE FEDERAL RESERVE IsiNKS COMBINED (In thousands of dollars) July 12.1933 July 5. 1933 July 13.1932 Gold with Federal reserve agents . # . . Gold rederjption fund with U.S.Treasury . 2,785,711 43, 643 2,767,366 44,317 1,929,862 62.864 Gold held exclusively against F.R.notes 2,829,354 2,811,683 1,992,726 508,904 207,58^ 3,5^5,842 527,701 209.708 260,356 335.015 3,549,092 2,588,097 278.06l 255,459 276,612 3,823,903 3,804,551 2,864,709 8,0l4 8,014 39,450 128,4l6 138.468 201,921 313,649 . . .. 167,866 181,803 515,570 Bills bought in open market ...... U. S. Government securities: Bonds Treasury notes . . . . .... .. Certificates and bills Total U.S.Government securities 13,194 23,084 61,621 44o,776 697,484 862,973 2,007,233 440*779 W3.927 697,514 856.965 266,477 l.l4o.728 1,995,253 1,821,132 R E S O U R C E S Gold settlement f\md with F.R.So^rd . . Gold and gold certificates held by banks # Total gold reserves Other cash* Total gold reserves and other cash . . . Reder.ption fund - F. R. bank notes .Bills discounted: Sec. by U.S.Government obligations , . Other bills discounted . . . . . . . Total bills discounted Other securities . . . . . . . Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items ..... Bank premises . . . . . . All other resources TOTAL RESOURCES 43,335 — 2,157 2,190,450 2,297 5,935 2,202,442 2,4O4,25S 3,958 17,014 4io,386 54,367 50,951 3,729 15,4l6 357,321 54,366 51,163 2,709 15,150 376,672 58,114 47,175 6,559,043 6,497,002 5,768,787 . . . . 3,067,062 115,853 3,115,331 124,012 2,835,750 . . . . 2,268,728 83,821 15,O4I 81,743 22,997 49t487 2,218,'912 67,965 15,924 77,196 19,585 51.082 2,450,724 2,014,604 59,150 9,862 367,055 £5,466 357,504 l46,796 27S,599 24,036 6,559,043 6,497,002 5,768,787 . . .. . L I A B I L I T I E S F. R. notes in actual circulation,, . . F. R. bank notes in actual circulation Deposits: Member ba,nk - reserve account . . Government . . . . . Foreign bank Special deposits - member bank . . nonmember bank Other deposits Total deposits . . . . 2,521,817 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 M i l s purchased for foreign correspondents 1 * "Other cash' does not include Ff 403,886 l46f36o 278,599 Ca )>«? 68 68.4^ — — — 33,236 2,116,852 154,757 259,421 34,952 57.8$ 68,541 36,140 35,761 R. :notes or a bank's own F.R. bank notes. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JULY 12, 1933 (In thousands of dollars) R E S O U R C E S Total Boston New York Gold with Federal reserve agents 2,785,711 242,989 Gold redemption fund with U.S.Treas. 43,643 4,738 Gold held exclusively against F. R. notes 2.829,354 247,727 508,904 33,380 G-old settlement fund with F.R.Board Gold and gold certif. held "by "banks 207,584 21,746 Total gold reserves 3,545,842 302,853 278,061 Other cash* 19,7^4 Total gold reserves & other cash 3,823,903 322,597 Redemption fund - F.R. "bank notes Bills discounted: Secured "by U.S.Govt, 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.Govt, securities Other securities Total "bills and securities Due from foreign "banks F. R. notes of other "banks Uncollected items Bank premises All other resources TOTAL RESOURCES 8,0l4 1,000 39,450 128,4l6 Phila. Cleve. Rich. 602,706 188,000 222,770 128,835 8,630 4,077 5,276 . 949 67,779 104,290 l,9l4 l,64l 6 1 1 , 3 3 6 192,077 228,046 1 2 9 , 7 8 4 100,976 771,127 130,405 117,881 26,916 800 5,669 69,693 894,677 158,121 91,679 146,670 35,731 12,712 143,447 107,362 13,730 14,321 53,422 23,527 4,435 4 , 7 1 1 86,370 26,465 22,869 3,o48 167,866 8,210 53,823 13,194 522 440,776 21,722 2,190,450 122,182 2Sb 3,958 330 17,014 4io,386 4s,6s4 5^,367 3,280 720 50,951 14,695 14,305 948.515 246,593 308,772 172,717 128,033 21,386 5,358 32,437 28,222 — 9,004 3,748 862,145 220,128 285,903 158,022 113,728 2,019 6,191 2,157 St.Louis Minn. Kans.Cy. Dallas San Fran. 766,922 129,289 4,205 l.ll6 350 2,007,233 113,450 Chicago 98,550 2,426 314 697,484 41,953 868,973 ^9,775 Atlanta B-SOlb 3,500 7,403 100 4,646 4.323 107,923 12,818 24,815 2,426 4.767 l4o 8,250 3,561 206 306 8,397 1,505 67,309 14,307 16,786 94,432 27,556 18,473 154,780 32,694 21,925 11,909 17,270 23,432 14,512 17,218 8,163 12,450 2,284 750 702 276 248 — 816,954 179,389 195,654 72,114 64,372 1,601 342 3,219 13,730 — 4li 340 32,015 3,448 3,711 145 131 369 982 1,04s 1,286 40,181 34,668 10,475 2,422 3,238 6,929 3,941 4,777 5,265 55,029 287,027 866 7,384 10,651 — 21,2l4 250 33,580 510 8,926 200 478 1,806 55,961 46,103 265,813 50 1,204 11,246 34,358 10,834 10,439 68,579 21,622 20,820 81,364 25,652 24,702 10,528 96,181 157,198 100 265 7,89s 58,108 4,502 2,000 1,937 11,793 754,l4i 144,549 184,301 105,931 27.540 214,712 21,653 28,237 13,164 24,543 5,399 26,558 333 12,502 150 7,603 180,755 29,675 262,844 52,539 310,542 62,335 1,587 930,408 170,833 26,318 207,263 1,222 7,449 929 207 121 27,805 316,521 74,557 — 50 57,184 63,146 329,950 77,048 62,101 508 3,092 18 1,599 50.188 1 6 , 6 1 8 7,605 3,285 1,923 672 5,971 25,412 50,722 60,181 49,000 1 3 6 , 3 1 5 10 71,602 52,867 1 4 6 , 2 1 7 108 108 261 1,289 297 i,46i 11.093 24,585 14,108 19,848 3,559 1,792 4,244 1,747 882 1,482 1,229 1,534 12 967 6,559,043 499,079 1,920,449 466,221 553,568 287,805 211,646 1 . 3 2 5 , 6 7 4 270,173 173,735 259,273 125,883 460.037 * "Other cash" does not include F. R. notes or a "bank's own F. R. "bank notes. Total Boston 3,067,062 224,684 F.R.notes in actual circulation F.R.bank notes in actual circulation 115,253 12,615 Deposits: Member "bank - reserve account 2,268,728 164,018 Government 83,821 8,008 Foreign "bank 15,041 l,04l Special deposits: member bank 81,7^3 3,562 nonmember bank 22,997 Other deposits 49,487 4,817 Total deposits 2,521,817 181,446 Deferred availability items Capital paid in Surplus 403,886 146,360 278,599 25,466 All other liabilities TOTAL LIABILITIES B-SOlc BESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS O N JULY 12, 1933 (In thousands of dollars) L I A B I L I T I E S 43,681 10,623 20,460 570 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dailas San Fran. 656,009 240,170 305,873 139,983 112,327 50,460 6,150 5,197 -2,493 779,395 138,892 30,371 362 912,879 127,3^7 143,732 25,224 3,763 9,^93 5,5^1 1,498 1,412 5,73^ 9,085 6,061 1,231 1,979 139 12,078 234 3,624 76,35"+ ^,608 5>6 4,892 3,25^ 5,617 54,239 1,621 499 3,074 22S 3,030 356,769 3,668 1,854 32,189 7,645 6,605 962,627 143,906 i64,46i 95,281 62,691 408,730 96,877 60,054 108,368 60,3^9 1 7 6 , 9 6 7 9,879 4,879 10,544 2,833 50,244 13,070 39,497 ^,367 18,818 4,027 10,186 1,011 10,940 2,866 7,019 1,227 15,163 3,888 8,719 822 99,890 58,535 85,058 7,810 30,160 15,807 29,242 786 39,678 12,515 28,294 2,550 3 M 9 4 5,34i 11,616 1,290 73,952 8,681 485 3,689 6,723 3,347 90,474 112,260 1,155 976 35,111 225,884 4,243 1,831 50,479 4,717 328 1,596 876 2,058 56,673 155,827 1,734 7»27l 4i4 999 331 5,55^ 759 1,197 6,557 96,459 5,033 4l4 5,976 163 323 24,576 4,251 8,263 579 21,563 10,558 19,701 1,621 6,559,043 499,079 1,920,449 466,221 558,568 287,805 211,646 1 , 3 2 5 , 6 7 4 270,173 173,735 259,273 125,883 460,537 Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined(per cent) Contingent liability on bills purchased for foreign correspondents 68.4 35,761 79.^ 2,619 58.6 11,871 64.2 65.6 73> 70.7 78.3 3,767 3,551 1,399 1,255 ^,663 72.5 63.9 71.3 1,220 825 l,o4o 57.6 71.? 1,040 2,511 MATURITY DISTRIBUTION OF BILLS AKD SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 167,866 13,19^ 868,973 2,157 Within 15 days 122,581 6,573 40,825 2,037 16 to 30 days 13,149 1,880 15,205 10 31 to 60 days 6l to 90 days 13,1^7 3,053 167,445 38 15,775 1,683 293,689 22 91 d e y s to 6 months 3,163 216,534 50 * "Other cash" does not include F. R. notes cr a bank's cwn F. R. bank notes. Over 6 months 51 135,275 FEDERAL RESERVE NOTE STATEMENT ON JULY 12, 1933 (In thousands of dollars) Total Boston New York. Federal reserve notes: Issued to F.R.bank by F.R.agent 3,348,580 243,734 Held by Federal reserve bank 281,518 19,050 In actual circulation 3,Oo7,062 224,684 Collateral held by agents as security for notes issued to bank: Gold and gold certificates 1,519,776 71,972 Gold fund - F. R. Board 1,265,935 171,017 Eligible paper 105,105 8,185 U.S. Gov't securities 499,200 — Total collateral 3,390,0l6 251,174 Phila. Cleve. Rich. Atlanta B-801d Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 750,119 256,269 320,245 147,212 l4l,096 94,110 16,099 14,372 7,229 22,769 814,230 l49,9l4 34,835 11,022 94,196 122,032 3,722 9,772 37,4l3 272,120 2,302 46,236 656,009 240,170 305,873 139,983 118,327 779,395 138,892 90,474 112,260 35,111 225,884 438,922 42,589 30,279 37,500 2,688 25,200 18,818 96,500 7,500 110,763 523,606 79,100 39,349 109,000 97,450 107,270 90,550 115,500 l4,44g 8,818 55,000 90,000 40,330 79,505 7,203 15,000 21,550 77,000 4,158 42,000 751,055 257,449 321,588 151,038 144,708 328,000 5,546 50,000 86,700 1,349 20,000 822,468 150,638 21,490 82,800 3,316 3,366 6,672 17,000 9,000 67,000 95,667 124,606 38,684 280,941 FEDERAL RESERVE BANK NOTE STATEMENT ON JULY 12, 1933 (in thousands of dollars) Total Federal reserve bank notes: Issued to F.R.Bank(Outstanding) Held by Federal reserve bank In actual circulation Boston New York. Phila. Cleve. Rich. Atlanta l4i,8l4 14,280 64,274 25,961 1,665 6,880 730 7,680 2,483 2,920 13,814 115,353 12,615 50,460 6,150 5,197 2,493 2,825 164,274 20,000 64~274 8,000 1,723 10,000 167,099 20,000 64,274 8,000 11,723 427 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 33,500 3,129 480 118 1,220 65 1,000 24 4,520 2,749 5,000 30,371 362 1,155 976 1,831 4,243 5,000 5,000 757 Collateral pledged against outstanding notes: Discounted and purchased bills U.S. Govt, securities Total collateral 3,000 4o,000 280 5,000 3,708 4o,000 5,280 70S — 114 2,000 1,000 6,000 2,000 1,000 6,ll4
@FedFRASER