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STATEMENT FOR THE PRESS B-801 Federal Reserve Board June Ik, 133b. Released for publication Friday morning, June 15; not ea,rlier. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended June 13, as reported "by the Federal Reserve banks, was $2,1+1+1+, 000,000, a decrease of $26,000,000 compared with the preceding week and an increase of $235,000,000 compared with the corresponding week in 1933• On June 13 total Reserve bank credit amounted to $2,1+72,000,000, a decrease of $3,000,000 for the week, tfhis decrease corresponds with decreases of $78,000,000 in Treasury cash and deposits with Federal Reserve banks and $29,000,000 in money in circulation and an increase of $30,000,000 in monetary gold stock, offset in part by increases of $108,000,000 in member bank: reserve balances and $22,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of 000,000 in Treasury and National bank currency 1 The System s holdings of bills discounted declined $1,000,000 and of United States Treasury notes $13,000,000, while holdings of Treasury certificates and bills increased $13,000,000. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended June 13* 193*+» wor-irsc follows: Increase or decrease since J u ne 13 iq^ June 6 19^ June lU 1933 (in millions of dollars) Bills Bills U. S. Other discounted bought Government securities Reserve bank credit 28 5 2,1+30 8 ~ 1 -226 2 - 5 +1+98 - 7 2,U72 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and National bank currency 71820 2,361 - 3 +30 - lj. Money in circulation Member bank reserve balances Treasury cash and deposits with F«R. banks Nonmember deposits and other F,R # accounts 5,313 3,895 2,956 1+89 -29 +108 -78 +22 +260 -123 +1,61*+ +2,61+0 -15 Released for publication Friday morning, June 15;1934; not earlier. B-SOla ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) June 13.1934 June 6,1934 June 14,1933 A S S E T S Gold certificates on hand and due from U . S. Treasury . . Gold Redecption fund - F . R. notes Other cash Total reserves Redenption fund - F. 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: 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 Fed, Dep. Ins. Corp. stock . . . . . All other assets . . . . . TOTAL ASSETS 28,200 233,854 5,01+9,216 M95 30,010 223,321 4,959,^88 4,434 963,61s 2,526,266 42,906 ,293.254 3,826,044 7,242 6,047 21,829 27,876 5.201 5,618 23,379 28,997 5,221 55,565 , 198,197 253,762 10,200 4o6,4i6 1,202,264 821.726 2,430,406 53H 2,1+64,017 3,128 18,165 494, 632 52,610 139,299 53,821+ 406,258 1,214,508 809,470 2,430,236 534 2,464,988 3,122 18,451 435,751 52,609 139,299 49.090 441,188 683,509 807,747 1,932,444 3,624 2,200,030 3,832 18,848 407,388 5^,312 8,279,526 8,127,232 6,570,299 3,054,1+79 57,3^0 3,068,807 58,748 3,118,379 113,264 3,895,108 1+7,893 4,322 246.474 193,797 489,990 i46,46o 13s,323 3,787,048 75,758 3,686 225.816 4,092,308 429,302 146,433 138,383 2,281,378 46,422 8,410 1^,793 2,481,003 399,701 147,563 278,599 161,833 37,304 8,279,586 161,832 31,^19 8,127,232 12,179 19,611 4,787,162 — 4,706,157 — — 52.603 L I A B I L I T I E S F . R. notes in actual circulation . . . F . R. bank note circulation - net . . . Deposits: Member bank - reserve account . . . . U.S.Treasurer - General account . . . Foreign bank . . . . . . . . . . . . Other deposits Total deposits . . Deferred availability items Capital paid in Surplus Reserves (F.D.I.C. stock, self insurance, etc.) . All other liabilities TOTAL LIABILITIES Ratio of total reserves to deposit and F . R. note liabilities combined . . . Contingent liability on bills purchased for foreign correspondents 69.7$ 2,093 69.3$ 2,447 6,570,299 68.3$ 35.031 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS Oil JUNE 13, I93U (In thousands of dollars) A S S E T S Total Boston Gold certificates on hand and due from U.S. Treasury Redemption fund - F . R . notes Other cash New York P M l a . Cleve. Rich. Atlanta Chicago St.Louis 4,787,162 383,233 1,591,900 281,446 370,947 181,741 119,603 1,054,309 166,015 28,200 2,254 2,02g 2,724 3,211 1,512 3,601 4,375 1,010 233,854 17,996 62.710 35.180 12.60? .8.130 11.982 32.693 10.420 B-SOIb Minn. Kans.Cy. Dallas San Fran. 97,971 151,277 1,285 1,048 12.156 10.434 92,245 296,475 570 4,582 6.604 12.942 Total reserves 5,o49,2l6 403,483 1,656,638 319,350 386,765 191,383 135.186 1,091,377 1 7 7 , ^ 111,^12 162,759 2,264 Redemption fund - F.R.bank notes 250 858 4,695 715 13* Bills discounted: 10 284 490 124 1 6,047 92 Sec. by U.S.Govt, obligations 78 3.303 1,329 53 427 204 7,280 1,280 768 21,829 338 Other bills discounted 37 393 9,713 279 214 27,876 828 13,016 S92 8,609 280 Total bills discounted 115 677 1.373 519 5,201 536 487 178 649 121 142 Bills bought in open market 85 371 1,937 193 U.S.Government securities: 148,4o4 25.605 30,248 1*,707 12,720 4o6,4i6 22,988 Bonds 66,569 13,663 15,969 13,198 1,202,264 79,987 Treasury notes 380,691 84,459 106,542 52,767 45,479 210,747 *7,233 29,584 *6,703 Certificates and bills 821,726 54,704 251.160 57.056 74.235 36.089 31.089 153.527 32.304 20.230 31.943 Total U.S.Govt, securities 2,430,406 157,679 780,255 167,120 213,025 103,563 89,288 430,843 93,200 65,783 91,844 — — Other securities 499 53*+ 35 99,^19 313,999 474 — — — Total bills and securities Due from foreign hanks F.R.notes of other banks Uncollected items Bank premises Fed. Dep. Ins. Corp. stock All other assets TOTAL ASSETS 2,464,017 158,878 3,128 236 18,165 335 494,632 53,526 52,610 3,224 139,29? 10,230 53,824 823 — — 795,243 176,764 214,885 104,648 1,195 342 300 119 5,481 592 l,24l 1,184 129,679 42,398 50,482 39,451 ll,44l 4,156 6,788 3,128 42,529 14,621 l4,l47 5,808 35.184 2^512 l,Uo6 1,876 89,985 109 955 15,324 2,372 5,272 2,482 — — 431,772 4l4 2,803 ,65,950 7,387 19,749 — 93,436 10 1,297 20,855 3.12* 5,093 393 — — 66,545 7 623 12,086 1,657 3,510 1.17*f 92,200 87 1,339 26,730 3,^85 4,131 200 573 *3 537 580 142 18,728 31.322 21.425 773 360 23.617 84,750 57.964 71,475 166,331 — — 72,197 167,464 87 222 336 1,979 16,775 21,376 1,757 ^,091 4,359 9,850 1,059 8,279,586 630,985 2,679,65* 566,460 676,729 3*7,597 251,685 1,620,492 301,687 197,014 291,187 196,463 519,633 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAKES OE.JUNE 13, I93U (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. F.R.notes in actual circulation F.R.barik note circulation - net Deposits: Member bank - reserve accoimt U.S.Treasurer-General account Foreign bank Other deposits 3,054,479 21+2,641+ 440 57.340 Total deposits Deferred availability items Capital paid in Surplus Reserves (F.D.I.C. stock, self insurance, etc.) All other liabilities 4,193,797 302,170 1,710,089 222,879 263,56s 123,870 41,084 50,759 489,990 52,979 59,719 15.357 12,777 10,736 146,460 9,610 45.217 13.352 14,090 138,383 TOTAL LIABILITIES Rich. Atlanta 635,33s 248,770 306,289 142,172 135,741 36,981 5,248 11,959 — 3f895,108 295.511 1,566,269 U7.893 19,231 2,107 4,322 1.874 270 246,1*7*+ 122,715 4,282 205,316 250,325 142,306 73.447 1,920 1,835 2,942 1,229 389 15,254 359 11,049 11,283 1,123 47,266 21,174 17,121 2,649 16,447 840 74.1 70.6 67.7 67.9 142 3.833 149,223 38,863 4,982 5.171 131 8.679 83,486 14,635 4,386 5.145 Chicago St.Louis B-gOlc Minn. Kans.Cy. Dallas San Fran. 769,058 132,476 94,441 106,939 256 39,944 200,667 2,456 677,335 114,982 574 9,307 472 12 15,0i 37,579 69,237 140,346 115.989 244,045 1.545 3,216 1,584 2,403 105 266 86 105 3.391 6,994 1.332 16,352 724,693 130,693 66,456 21,741 12,607 4,017 20,681 4,756 78,720 145,387 119,010 263,879 12,464 25,466 18,877 22,796 3,047 4,i46 3,973 10,713 3,420 3,613 3,683 9,645 22,718 5,946 5,489 11,465 7,853 4,747 4,535 1,802 468 4,279 3,031 889 439 387 8,279,586 630,985 2,679,654 566,460 676,729 347,597 251,635 1,620,492 301,687 197,014 291,187 196,463 519.633 161,833 37,304 Ratio of total reserves to deposit and F.R.note liabilities combined 69.7 Contingent liability on bills purchased for foreign correspondents 2,093 192 345 278 256 6,963 223 65.7 61.7 102 94 73.1 337 67.4 64.3 88 64.5 61 62.5 75 67.6 75 190 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 27,876 5,201 821,726 534 Within 15 days 20,927 197 SS,6o4 492 16 to 30 days 1,565 i,4o4 31,470 7 31 to 60 days 1,856 3,35*+ 67,880 6l to 90 days 2,927 246 110,629 35 91 days to 6 months 478 294,462 Over 6 months 123 228,681 FEDERAL RESERVE NOTE STATEMENT ON JUNE 13, I93I+ (In thousands of dollars) Total Boston Federal Reserve notes: Issued to F.R*bank by F.R«Agent Held "by Federal Reserve bank New York Phi la* Cleve. Rich. Atlanta B~S01d Chicago St .Louis Minn. Kans.Cy. Dallas San Fran, 3,351,519 265,56^ 297,0^0 22,920 733*708 265,7^3 325.1^7 152,069 155*556 98,370 16,973 18,858 9,897 19,815 809,263 137t8^7 100,327 115,623 *K),205 5,371 5,856 s f 6sk 4^,736 2^5,936 ^ 7 9 2 **5»269 In actual circulation 3,05^,1+79 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U.S .Treasury 3,076,771 271,117 Eligible paper 15,672 739 302,700 U . S . Govt* securities 635,338 2^8,770 306,289 1^2,172 135,7^1 769,058 132,^76 S b M l 106,939 3 9 , 9 ^ 200,667 7^3,706 232,000 27^,931 13^,3^0 8,662- 2,808 716 U62 32,000 50,000 20,000 789,513120,936 167 115 25,000 19,000 79,115 366 21,700 97.290 117 20,000 1*5.675196,763 580 580 — 50,000 81^,680 1^0,051 101,181 117*U07 U6,255 2^7,3^3 Total collateral 3.395,1^3 271,856 91,385 360 65,000 752,368 266,808 325,6^7 15^,802 156,7^5 FEDERAL RESERVE BANK NOTE STATEMENT ON JUNE 13, I93U (In thousands of dollars) Federal Reserve banlr notes: Issued to P # R # tank(outstanding) Held "by Federal Reserve bank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills U.S. Govt, securities Total collateral Total Boston 72,92^ 1,511 1,071 1&0 57,3^0 Bl.kl^ Sl.kfb New York Phila. Cleve. 16,035 10,787 5.21*8 12,535 576 11,959 5,000 16,500 5,000 39,97*+ 16,500 39,109 2,128 36,981 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 3.200 - 53^ 278 256 — 2,1*56 15,000 — 1,000 — U.ooo 15,000 — 1,000 — — -- — 4,000 *Does not include $91,061+,000 of Federal Reserve hank notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States
@FedFRASER