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STATEMENT FOB. THE PRESS Released for publication Friday morning, July 2J; not earlier. B-SOl Federal Reserve Board July 26, 193^* CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended July 25, as reported by the Federal Reserve banks, was $2,H6l,OOQ,OQOf a decrease of $10,000,000. compared with the preceding week and an increase of $261,000,000 compared with the corresponding week in 1.933• On July 25 total Reserve bank credit amounted to $2,^56,000,000, a decrease of $^,000,000 for the week. This decrease corresponds with decreases of $37,000,000 in money in circulation and $3,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $lH,000,000 in monetary gold stock, offset in part by increases of $33,000,000 in member bank reserve balances and $18,000,000 in Treasury cash and deposits with Federal Reserve banks. The System1 s holdings of bills discounted declined $2,000,000, while holdings of bills bought in open market and of United States Government securities remained practically unchanged from last week. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended July 25, 193^» were as follows: Increase or decrease since July 25 193** July IS 19^ July 26 1933 . (in millions of dollars) Bills Bills U. S, Other discounted bought Government securities Reserve bank credit 21 - 2 — -lHo - 5 2,5+32 -3 - 3 TOTAL RESERVE BAM. CREDIT Monetary gold stock Treasury and National bank currency 2.^56 7.911 k +lk 2,36k + 1 +255 +3.S7S +82 Money in circulation Member bank reserve balances Treasury cash and deposit* with . F.B^banka Nonmember deposits and other F.R.accounts 5.291 i+,020 -37 +33 +1S - 3 +1,714 +2,606 -81 kks — _5 Released for publication Friday morning, July 27,1934; 110 ^ earlier, B-SOla ASSETS M D LIABILITIES OF THE TWELVE S'EDERAX RESERVE BAEICS COMBINED (In thousands of dollars) July 25.1934 July 18.1934 July 26.1933 ASSETS Gold certificates on hand and due from U. S. Treasury . . Gold. .. Redemption fund - P. R. notes M73>1?2 4,347,634 2^,620 235.327 5,133,119 2,304 25,001 223,824 5,101,461 2,996 946,919 2,562,233 39,457 269,111 3,217,770 7,791 4,346 16.952 21,29s 5,271 5,536 17.716 23,252 5,259 37,053 124.310 161,363 9,616 468,094 l,252,30S 711,650 2,432,052 471 2,459,092 3,12S 18,700 399;1^3 52,72s .. .52,75^. s,120,96s 467,805 1,252,331 711.651 2,431,787 483 2,460,781 3,139 18,980 459,915 52,719 50,339 8,150,330 441,087 718,197 868,290 2,027,574 1,862 2,200,415 4,025 17,610 364,593 5^,370 52,399 . ., . .. 3,060,241 33,743 3,084,823 38,560 3,003,685 123*011 . .• . .. 4,020,030 47,801 7.SS5 211,851 4,287,567 405,799 147,285 133,383 22,540 25,410 3,987,312 21,340 5,285 216.693 4,230,630 463,920 147,306 13s,3*3 22,541 24.167 2,306,366 81,786 19,833 165,724 2,573,709 36S.299 146,2kg 27s.599 12,106 13,316 8,120,96s 3,150,330 6,51S,973 Total reserves . . . . . . . Redemption fund ~ P. R. bank notes . . . Bills discounted: 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 • • • « • • • . . • • . Total bills and securities • • . Due from foreign banks * • • • • • » • • F. R. notes of other banks • Uncollected items . Bank premises . . . . . . . . . . . . . All other assets « . . . . . . . . . . * TOTAL ASSETS 6,518,973 LIABILITIES F. R. notes in actual circulation P. R. bank note circulation - net Deposits: Member bank-reserve account . . U.S.Treasurer - General account Other deposits .. • ,. Total deposits Deferred availability items • Capital paid in . . Surplus Reserve for contingencies . All other liabilities . . . . ..... TOTAL LIABILITIES .... Ratio of total reserves to deposit and P. R. note liabilities combined . . . Contingent liability on bills purchased for foreign correspondents . 69.9$ 1,196 69.7$ 1,394 68,5$ 36,021 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH JULY 25, 1934 (in thousands of dollars) ASSETS Total Boston Hew York Phila. Cleve. Rich. Atlanta B-SOlb Chicago St.Louis Minn. Kans. Dallas San Fran, Cy. Gold certificates on hand and due from U.S. Treasury Redemption fund - F.R.notes Other cash 4,873,172 1+06,907 1,61+3,69!+ 283,981 376,331 l62,4l4 115,51+8 1,072,261 166,197 105,088 159,971 87,710 293,070 l+„057 1,850 883 1,13*+ 929 522 i+,376 24,620 1,952 1,09S 2,378 3,2k) 2,196 12,626 9,029 13.327 33,116 11,1+73 13,736 10,762 5,29^ 13,61+9 235,327 19,170 56,702 35,g^3 Total reserves 5,133,119 1+28.029 1,701,1+91+ 322,202 392,197 173,639 132,932 1,107,227 178,558 119.95S 171,662 94.^126 311.095 — — — — — — — — 250 2,05l+ — 2,301+ Redemption fund - F.R.bank notes Bills discounted: q — 2,080 1,839 108 20 l+l 91 15 Sec. by U.S.Govt, obligations S3 149 4i 141 5 6 1 + 9,si6 i+,66l 363 16,952 73 Other bills discounted 3^3 373 295 133 Total bills discounted Bills bought in open market U.S.Government securities: Bends Treasury notes Certificates and bills 21,B9S 5,271 182 371 11,896 2,007 6,500 536 1+1+6 4S7 11+2 17s 672 193 132 121 73 649 164 142 358 .85 34o 360 393 142 1+68,09!+ 27,226 1,252,308 82,798 711,650 1+7,655 165,752 30,020 35,997 17,502 16,007 395,159 87,393 112,357 5l+,622 ^9,687 21b,8l+l+ 1+9,707 6l+, 671 31,'438 28,600 76,07s 16,165 17,578 17,273 20,389 28,107 222,281 48,894 30,620 48,345 32,424 87,728 129,984 28,l4l 17,626 27,826 18,bb2 50,496 Total U.S.Govt, securities Other securities 2,1+32,052 157,679 777,755 167,120 213,025 103,562 1+36 — 35 428,343 93,200 65,824 93,444 71,475 166,331 Total bills and securities 2,1+59,092 15S,232 Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS — 237 3,128 18,700 339 399,143 42,55° 52,728 3,221+ 722 52,75^ 94,291+ — 791,693 17^,592 213,95s 10l+,l+27 94,6I4 109 342 300 1,192 119 738 l,2l+8 1,811+ 1,179 M27 98,976 33,179 3S.593 33,207 io,9S9 11,1+55 l+,253 6,788 3,12S 2,372 36,1+53 5,21+5 1,1+52 1,812 2,352 — — — — — — 429,065 93,^53 66,267 93,750 72,010 167,031 4l4 10 88 88 222 7 1,228 844 1,217 2,991 226 2,049 52,147 17,173 10,783 24,849 16,255 20,442 7.3S7 3,126 1,664 3,485 1,757 4,089 506 1,289 978 576 275 1,094 8,120,968 633,533 2,6i+s,ii+i+ 5^0,551 654,536 3is,ii+6 244,547 1,600,520 293,323 200,617 295,557 185,1+1+0 505,501+ ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH OTJLY 25, 1934 (In thousands of dollars) LIABILITIES r.R.notes in actual circulation I .R.bank note circulation - net leposits: Member bank - reserve account U.STreasurer - General account Foreign bank Other deposits Total deposits deferred availability items Capital paid in Surplus Reserve for contingencies All other liabilities TOTAL LIABILITIES B-801c Total Boston New York Phila. Cleve. Rich. Atlanta 3,060,2Ul 241,534 633,109 21+6,609 310,053 i4o,92S 132,351 3S6 33,357 -33,7^3 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 764,709 132,053 96,523 no,oUs 40,890 206,321+ 4,020,030 322,955 1,603,956 219,557 47,801 17,228 2,696 26R 7.SS5 2,723 821 56S 211,851 3.35S 127,539 7,15S 4,287,567 327,146 1,751,446 230,232 405,799 42,480 97,136 31.9S2 147,285 10,69s 60,22s 15,3^+9 138,333 9,610 45,217 13,352 22,540 1,053 4,737 2,500 25,410 626 17,914 527 8,120,96s 633,583 2,64S,I44 51+0,551 80,71+8 1,933 276 5,866 722,686 114,193 75,118 11+5,058 112,851 231,6M+ 1,01+7 4,476 3,226 10,572 2,321 665 221 260 182 221 560 995 2,11+9 6,007 lU,8S7 6,41+3 M 5 2 SS,S23 740,260 133,816 34,969 151,652 ll6,26S 254,377 56,153 18,008 11,3^2 25,30s 18,146 22,565 12,670 4,033 3,071 3,996 10,771 4,119 20,681 3,683 9,645 4,756 3,420 3,613 S53 1,026 1,130 1,619 2,969 617 304 3,078 206 200 1,325 203 1,600,520 293,823 200,617 295,557 185,1+1+0 505,501+ iiatio of total reserves to deposit and F.R, note liabilities combined 69.9 75.3 Contingent liability on bills purchased for foreign correspondents 110 1,195 71.2 199 67.6 159 265,320 125,91+1+ 1,334 1.53S 75s 300 8,099 4,735 276,011 132,567 38,601 33,221 12,934 ^,975 14,090 5,171 2,300 1,155 547 129 65^,536 318,146 66.9 l46 63.5 10,855 4,441 5,145 2,581 351 21+4,51+7 60.1 58 73.6 53 67.2 192 66.1 50 65.6 35 59.9 1+3 67.5 1+3 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 21,298 5,271 711,650 1+71 Within 15 days ll+,l+99 651+ 1+1+,2S0 1+36 l6 to 30 days 31 to 60 days 639 ^73 38,232 5,102 1,511 92,369 35 6l to 90 days 905 2,633 110,497 91 days to 6 months Over 6 months 1*3 10 1+23,172 3,100 108 FEDERAL RESERVE BOTE STATEMENT 01T JULY 25, 193^ (in thousands of dollars) Total Boston Hew York Phila. Cleve. Federal Reserve notes: Issued to F.^R.Bank by F.B.Agent 3,376,082 273,726 Held "by Federal Reserve hank ^1*5.8Hl 32.1U2 3,060,2Hl 2Ul,5SH In actual circulation Collateral held hy agent as security for notes issued to hank: Gold certificates on hand and due from U. S. Treasury 3^112,656 276,117 Eligible paper 11,026 182 U. S. Govt, securities 233,000 Total collateral 3,1*22,682 276,299 Rich. Atlanta B-801d Chicago St.Louis Minn. Kans.Cy* Dallas San Fran. 7^2,301 266,389 325,808 151,821 152,577 10*1.192 19»780 15,755 10,89^ 20,226 638,109 2^6,609 310»053 lU0,928 132,351 801,901 136,656 101,11+9 117,296 ^7,9^2 258,516 37,192 U,603 H,566 7.2^8 7,052 52,192 76^,709 132,053 96,583 110,0^8 U0,890 206,321+ 753*706 230,000 277^31 11713^0 26,385 6,515 2,527 kk6 330 1U2 35,000 50,000 35*000 70t000 760,221 267,527 327,277 152,670 156,527 809,513 118,936 83,000 105,290 1+9*175 211,763 73 109 SI 73 393 155 19,000 20,000 15,000 — 49,000 809,586 138,0^5 103,081 120,363 ^9,568 260,918 FEDERAL RESERVE BAM NOTE STATEMENT OH JULY 25, I93I+ (In thousands of dollars) Total Boston New York Phila. Cleve. Federal Reserve bank: notes: Issued to F.R.bai3k(outstanding) Held by Federal Reserve bank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills ^7,5^5 131802 1.511 1,125 3^*199 11,835 Ste 11,835 33*7^3 3S6 33*357 -- 51,97^ 5,000 3M7U 12,000 — — Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. ZI — — U.S. Govt, securities 51,97^ 5*ooo 3^,9714 12,000 Total collateral *Does not include $102,797*000 of Federal Reserve banknotes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States.
@FedFRASER