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STATEMENT FOR THE PRESS Released f o r publication Friday morning:, July 2g; not e a r l i e r # B-SOl Federal Reserve Board July 27, 1933* CONDITION OF FEDERAL R3SSE7S BAJKS The daily/volume of Federal reserve "baric c r e d i t outstanding during the week ending July 26, as reported fey the Federal reserve banks, was $2,200,000,000, an i n crease of 000,000 compared with the preceding week and a decrease of $23^,000,000 compared with the corresponding wo^fc in" 1932. On July 26 t o t a l reserve "bank c r e d i t amounted to $2,201,000,000, an increase of $4,000,000 f o r the week* This increase corresponds with an increase of $16,000,000 in member bank reserve balances and a decrease of $31,000,000 in Treasury currency, adjusted, o f f s e t in part by decreases of $3*4,000,000 in money in c i r culation and $9,000,000 in unexpended c a p i t a l funds, nonraember deposits, etc # B i l l s discounted increased $4,000,000 at the Federal Reserve Bank of San Francisco, and decreased $3,000,000 at Kansas City and $2,000,000 at a l l Federal r e serve banks. The System*s holdings of b i l l s bought in open market show no change f o r the week, while holdings of Treasury notes increased $12,000,000 and of Treasury c e r t i f i c a t e s and b i l l s declined $2,000,000. Changes i n the amount of reserve bark c r e d i t outstanding and in r e l a t e d items during the week and the year ending July 2o, "1933t wore as f o l l o w s : Increase or decrease since July 26 1933 July 19 19?5 ( i n m i l l i o n s of Bills Bills U. S. Other discounted bought Government s e c u r i t i e s reserve bank c r e d i t TOTAL RESERVE BAM CREDIT Monetary gold stock Treasury currency adjusted Ibl 10 2,02S 2 2,201 4,320 1,916 r), 601 Money in c i r c u l a t i o n 2,30b Member bank reserve balances Unexpended c a p i t a l funds,nonraembesr d e p o s i t s , e t c * 529 July 27 1932 dollars) 2 — 11 5 + - - - 4 1 31 - — 36^ 30 1S7 lH 221 + 360 + 16 34 _ + 9 + 89 234 13S + - - + Released for publication Friday morning, July 2S,1933; not earlier* B~S01a ASSETS Aim LIABILITIES OP THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) July 26,1935 July 19,1933 July 27,1932 ASSETS 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 hanks 2,736,^32 39,^57 2,775,329 531,160 241,610 2,772,1+12 Total gold reserves Other cash* 3,5^,659 269,111 3,5^5,879 271,9^ Total gold reserves and. other cash . . Redemption fund - F . R. bank notes . . . B i l l s discounted: Sec. by U.S.Government obligations . . Other b i l l s discounted . . . . . . . 3,817,770 7,791 37,053 12*1,310 161,363 Total b i l l s discounted . . . B i l l s bought in open market . . . . . . . U.S. Government securities: Bonds Treasury notes Certificates and b i l l s . 862,290 Total U.S. Government securities . . Other securities . . . . . 2,027,57*+ 1,862 Total b i l l s and securities . . Due from foreign banks . . . . . . . . . F. R, notes of other banks . . . . . . . Uncollected items . . . . Bank premises . . . . All other assets 2,200,Ul5 TOTAL ASSETS >+3,273 2,815,685 515,11+2 215,052 3,817,828 **7»693 1,959,552 63,6% 2,023,195 21+9,735 31+8,212 2,621,11+2 282,880 2,90l+,022 — 35,786 127,3^3 202,161 323,219 163,129 525,380 9,616 9,8l+8 39,700 1+1+1,087 1+110,813 706,383 1+21,021 268,1+71+ 1,151,696 71S.197 870,061 2,017,257 2,026 2,192,260 1,81+1,191 5,961 52,399 3,967 19,095 1+19,284 5^.369 **5l,i+35 2,1+12,232 2,887 16,1+27 326,793 58,119 1+8,098 6,518,973 **6,565,93i 5,768,578 F. R, notes in actual circulation . . . . F, R» bank notes in actual circulation , Deposits: Member bank - reserve account . . . . . Government Foreign bank . . . . . Sfpecial deposits - member bank . . . . nonmember bank . . Other deposits 3,00*1,052 3,037,508 118,137 2,831+,157 2,289,811 57,995 2,072,161+ 1+5,099 11,656 Total deposits . . . . . . Deferred availability items . . . . . . Capital paid in Surplus A l l other l i a b i l i t i e s . . . . . . . . . 2,573,709 368,299 146,21+8 278,599 25,1+22 l+,025 17,610 36^,593 5^,370 L I A B I L I T I E S TOTAL LIABILITIES . . . 122,61+1+ 2,306,366 81,786 19,833 81,1+38 20,641 63,61+5 6,518,973 16,207 — 85,920 22,681 69,225 2,51+1,839 1+18,1+02 11+6,180 278,599 2,165.3^7 319,454 153,791 259,1+21 **6,565,931 5,768,57s ••25,266 — — 36,1+28 36,1+08 Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . . 68.1+$ 68.1+$ 58.1ft Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents . . . . . . 36,021 35,691+ 57,^ * "Other cash" does not include **Revised figures * R# notes or a bank*s own F#R# banknotes. ASSETS AND LIABILITIES 0? THE FEDERAL RESERVE 3AITKS Oil JULY 26, 1933 (In thousands of dollars) B-SQlb Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,736,432 235,609 606,706 182,000 237,770 126,835 9^,550 745,222 121,394 67,779 106,290 24,014 188,263 Gold redemption fund with U.S.Treaa% 39^57 l,60o 8,242 3,954 5,015 1,217 2,676 3,957 1.06l 1,888 1,5^1 1*137 7.1&3 Gold held exclusively against F. R. notes 2,775,239 237,215 6l4,94s 185,954 242,785 128,052 97,226 749,179 122,455 69,667 107,831 25,151 195. Gold settlement fund with F.R.Board 531,160 15,269 151,916 8,671 59,520 16,739 11,090 163,354 26,483 19.738 28,134 14,294 15,952 Gold and gold c e r t i f . held by banks 2Hls6lO 21,941 134,713 14,656 4,006 4,78b 3,903 8,171 744 4l6 12,576 5,195 30,503 ASSETS Total gold reserves Other cash* 3 , 5 ^ , 6 ^ 274,425 269,111 17,925 Total gold reserves & other cash. 3,817.770 292,410 Redemption fund -F.R. bank notes 7,791 895 B i l l s discounted: 1,988 37,053 Secured by U.S. Govt, obligations 124,310 5,541 Other b i l l s discounted Total b i l l s discounted B i l l s "bought in: ope:! market U. S. Government securities: Bonds Treasury notes Certificates and b i l l s Total U,.S„ Govt, securities Other securities Total b i l l s and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 101,363 9,616 7,529 441,087 718,197 21,973 43,768 50,334 868,290 522 2,027,574 116,075 1,862 — 2,200,415 124,126 4,025 17,610 364,593 5^,370 52,399 286 376 41,622 3,280 716 901,577 209,281 306,311 1^9,577 112,219 S3,370 27,122 23,235 1^,365 13,720 984,947 3,253 16,542 236,403 329,5^6 163,942 125,939 — 218 428 390 5,808 32,637 27,518 2,870 7,079 49,179 3,704 33,326 9,949 750 702 179.779 29,565 53,935 34,225 70,430 1,880 920,704 149,682 33.085 l l , 6 l 4 89,821 l4S,54l 4,990 11,205 44~,640 241,881 8.156 20,264 953,789 161,296 100 1,908 94,811 159,746 100 50 52,796 262,145 250 199 1,116 11,659 313 7,803 13,539 276 8,116 24s 10,608 10,921 22,471 25.841 21,526 10,464 68,160 99,094 24,727 755,866 145,524 135,651 510 1,283 59,233 56,717 810,032 180,110 196,302 1,668 4ll 369 5,084 87s 391 95,810 29,274 36,266 12,818 3,44s 6,929 27,220 2,624 3,692 73.048 145 1,196 28,940 268,093 307,994 62,024 80,996 — — 3.23s 3.394 — 65,021 131 1,305 9,653 2,422 4,685 6,518,973 463,711 1,940,832 454,119 573,342 274,403 209,434 9,492 929 489 1,573 2,062 207 118 4,320 4,43s i4o 156,691 28,503 16,755 18,982 32,776 323,9^5 50 75,632 335,532 508 3,112 77,901 18 672 15.835 3.285 640 47,656 7,608 1.903 14,353 — 5,143 8,466 4,108 13,609 305 1,627 12,259 17,200 25.^33 52,330 60,177 21,808 24,250 27,887 14,815 17,035 57,5^ 64,396 49,050 137,940 19 62,142 12 77S 9,718 1,747 1,463 1,352,016 259,7^7 170,771 * "Other cash" does not include F. R. notes or a bank's ovm F. R. bank notes. 477 3,631 309 4,591 4,900 206 — 69,502 108 1,449 20,635 3,559 2,926 — — 53,463 153,176 108 261 1,792 1,443 2,073 17.892 4,244 1,193 296 11,292 257,975 121,389 441,234 L I A B I L I T I E S Total ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BANKS OK JULY 26, 1933 ( I n thousands of d o l l a r s ) B-SOlc Rich. Atlanta Eoston New York p h i l a . Cleve. Chicago St.Louis Minn, Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 3,00*4,052 221,405 F.R.bank notes in actual circulation 122,644 12,079 Deposits: Member "bank - reserve account 2,306,366 1^3,185 Govs^nmen t SI, J8 6 4,124 Foreign 'bank 19,833 1,39^ Special deposits:- member bank 81,438 nonmember bank 20, b 4 l 3,660 Other deposits 63,645 Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus A l l other l i a b i l i t i e s 637,525 235,710 3oU,iUg 136,891+ 115,765 52,247 7,340 g.0U-3 — 2,31s 763,281 136,697 90,327 110,715 33,67^ 217,790 31,237 424 938 982 2,846 4,190 955,088 119,1+12 150,034 72,726 4,190 20,340 4,373 11,452 1,891 2,006 745 7,111 6,010 9,229 4,9' 4 3 5,807 124 3,H9 97c 1,945 54 3,600 4,904 24,005 374,597 53,910 2,743 669 3,502 186 3,o4s 4,2So -573,709 156,649 1,004,433 136,836 181,999 90,810 64,058 368,299 41,815 94,501 2S,350 36,056 2s,s43 2,935 5,34s 146,24s 10,745 58,532 15,814 12,164 4,90s 278,599 20,460 S5,05S 29,242 28,294 11,616 10,544 25,422 8,476 2,906 827 89 2 55s 2,637 73,709 52,336 106,180 55,285 149,904 1,418 1,621 1,34s 2,231 25,393 2,053 R54 650 554 2,483 1,337 439 3,107 5,763 3,907 1,588 397 33,525 7,05s 154 781 800 5,504 1,208 527 7,960 3,936 983 9,13^ 452,690 39,759 58,602 112,143 58,637 167,093 43,647 17,639 9,75^ 20,923 12,747 20,039 13,056 4,020 3,773 10,710 2,867 4,311 7,019 8,263 8,719 19,701 39,^97 10,186 3,60s 1,204 1,661 1,022 63s 993 TOTAL LIABILITIES 6,518,973 463,711 1,940,832 454,119 573,342 274,403 209,434 1,352,016 259,747 170,771 257,975 121,389 441,234 Batio of total gold reserves and other cash* to deposit and F.R. 78.4 71.263.6 71.7 57.2 68.1 60.0 63.5 67.S 72.O 70.0 note l i a b i l i t i e s cc".:bined 6S.4 77.3 Contingent l i a b i l i t y on b i l l s pur4,663 1,220 825 1,040 1,040 2,511 2,619 chased f o r foreign correspondents 36,021 12,131 3,767 3,551 1,399 1,255 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES Total B i l l s discounted B i l l bought in open market C e r t i f i c a t e s and b i l l s Lfcaicipal war rants 161,363 9,616 868,290 1,862 Within 15 days 116,058 2,295 15,200 1,732 16 to 30 days 11,906 1,100 116,997 31 to 60 days 6l to 90 days 15,598 4ll 290,556 38 15,323 5,809 84,883 23 91 days to 6 months Over 6 months 1 215,454 145,200 * "Other cash" does not include F. R. notes or a bank's own F, R, bank notes. 2,437 69 4l FEDERAL RESERVE NOTE STATEMENT Oil JULY 26, 1933 (In thousands of d o l l a r s ) Total Federal r e s e r v e n o t e s : Issued to F.R # bank by F*R.Agent Held by Federal r e s e r v e bank: Boston 3,280,67^ 2^2,539 276,622 21,13^ 3,004,052 221,405 In a c t u a l c i r c u l a t i o n C o l l a t e r a l h e l d by a g e n t s as s e c u r i t y f o r notes i s s u e d to bank: Gold and g o l d c e r t i f i c a t e s 1,514,497 72,092 Gold fund - I . R. Board 1,221,935 163,517 E l i g i b l e paper 93,276 7,365 U.S.Gov1t# s e c u r i t i e s 439,200 Total collateral 3,323,90s 242,974 New York Phila* Cleve. Rich. Atlanta B~801d Chicago S t , L o u i s Minn. Kans # Cy, D a l l a s San Fran, 725,06s 254,026 319,58S 145,015 13s,6s3 8lM3 IS,316 15,^39 8,121 22f 91S 637,585 235,710 304,1U9 136,394 115,765 793,831 1^8,670 93,894 I2i f i6g 36,525 261,607 30,55011^973 3,507 10,453 2,911 ^3,817 763,231 136,697 90,337 110,715 33,674 217,790 523,606 97,450 107,270 33,100 34,550 130,500 437,222 42,694 30,279 21,490 19,014 92,500 5,000 95,763 303,000 73,700 37.500 34,300 3.772 9,336 3.059 4,525 1,196 2,617 50,000 27,000 25,200 15,000 10,000 72,000 799,747 149,590 95,596 124,349 37,736 269,649 31,4O6 100,000 733,112 14,735 53,000 3,332 75,000 49,330 77,505 7,193 15,000 21,550 73,000 4,635 42,000 254,735 321,102 149,033 141,135 FEDERAL RESERVE BAiJK MOTE STATEMENT OH JULY 26, 1933 (In thousands of dollars) Total Federal r e s e r v e bank n o t e s : Issued to F # R„Barik(Outstanding) Held by Federal r e s e r v e bank In a c t u a l c i r c u l a t i o n C o l l a t e r a l pledged a g a i n s t outstanding n o t e s : Discounted and purchased bills U*S*Govt # s e c u r i t i e s Total collateral Boston Hew York Phila. Cleve. 145,922 23,27s 14,175 2,096 122,644 12,079 64,027 11,730 52,247 2,274 165,274 20,000 64~274 8,000 10,000 I67,5US 20,000 6^,274 8,000 11,507 7,793 458 7,3*40 10,333 2,845 8,043 1,507 Rich. Atlanta — 33,403 Minn. Kans.Cy. Dallas San Fran, 480 56 1,330 442 424 933 3,000 4o,ooo 209 5,000 3,294 4ofooo 5,209 2,490 ~ -- 172 2,31s — 294 — Chicago St,Louis 2,171 31,237 6,029 4,250 997 15 982 3,133 2,846 2,000 1,000 7,000 5,000 2,000 1,000 7,264 5,000 264 60 4,190 ~
@FedFRASER