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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, Jirne 16; not e a r l i e r B-801 Federal R e s e r v e Board June 15, 1933. CONDITION OF FEDERAL HESEHVE" BJilTKS The d a i l y average volume of F e d e r a l r e s e r v e "bank c r e d i t o u t s t a n d i n g during t h e week ending June lH t as r e p o r t e d by the Federal r e s e r v e banks* was $2,209*000*000, a d e c r e a s e of $11,000,000 compared with the p r e c e d i n g week and of $36,000,000 compared with the corresponding week i n 1932 # On June Ik t o t a l r e s e r v e bank c r e d i t amounted to $2,212,000,000, a decrease of $2„000,000 f o r the week, This decrease corresponds with d e c r e a s e s of $1+U,000,000 i n money i n c i r c u l a t i o n and 000,000 i n unexpended c a p i t a l f u n d s , nonmember d e p o s i t s , e t c . , and an i n c r e a s e of $2,000,000 in monetary gold stock, o f f s e t i n p a r t by an i n c r e a s e of $77,000,000 i n momber batik r e s e r v e b a l a n c e s and a decrease of $9,000,000 i n Treasury currency, a d j u s t e d * B i l l s d i s c o u n t e d decreased $7,000,000 a t the F e d e r a l Reserve Bank of Cleveland, $5,000,000 a t New York and $23,000,000 a t a l l F e d e r a l r e s e r v e b a n k s . The System*s h o l d i n g s of b i l l s bought i n open market d e c l i n e d $1,000,000, while h o l d ings of United S t a t e s Treasury n o t e s i n c r e a s e d $7,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $13,000,000. Change i n the amount of r e s e r v e bank c r e d i t o u t s t a n d i n g and i n r e l a t e d items during the week and the y e a r ending June 14, 1933t were as f o l l o w s : I n c r e a s e or decrease since June ( i n m i l l i o n s of d o l l a r s ) Bills Bills U, S. Other discounted bought Government s e c u r i t i e s r e s e r v e bank c r e d i t - 2k2 25U 10 1.932 15 - 23 - 1 + 20 + 56 2^0 1 2,212 U,31S 1,980 — c + 2 - 9 + + 52 U09 iHs Money i n c i r c u l a t i o n 5»723 Member bank r e s e r v e b a l a n c e s 2,281 Unexpended c a p i t a l funds,nohmeniber d e p o s i t s , e t c . ~ bk +77 - + + + 256 ISO 6l TOTAL RESERVE BjffiK CREDIT Monetary gold stock Treasury currency a d j u s t e d Released for publication Friday morning, June 16,1933? 201 earlier, B-801a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAEXS COMBIOTD (In thousands of dollars) June 7,1933 June 15,193 2,816,469 42,906 2,7S7s074 45,524 1,897,307 2,259,375 2,S32,59S 436,613 252,774 1,946,222 283,224 331.7*19 2,561,195 June 14,1933 RESOURCES Gold with F e d e r a l r e s e r v e a g e n t s Gold redemption fund with U.S.Treasury . . Gold h e l d e x c l u s i v e l y a g a i n s t F . R . n o t e s Gold s e t t l e m e n t fund with F, R. Board . , Gold and gold c e r t i f i c a t e s h e l d by banks , Total gold r e s e r v e s Other cash* . . . . . . . . . Total gold r e s e r v e s and other cash Redemption fond - F . R. bank n o t e s . . B i l l s discounted: Sec. by U.S.Government o b l i g a t i o n s . Other b i l l s discounted 427,674 245,741 3,532,790 293,254 3,521c985 . , . . 3,826,044 7,242 3,812,177 7,242 2,837,618 . . . . 55,553 55,335 202,225 294,014 Total b i l l s discounted B i l l s bought i n open market U. S. Government s e c u r i t i e s : Bonds Treasury n o t e s C e r t i f i c a t e s and b i l l s . To t a l _ U . S . Government s e c u r i t i e s Other s e c u r i t i e s Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks . . . . . . . . F , R. n o t e s of o t h e r banks . Uncollected items . . . . Bank p r e m i s e s All o t h e r r e s o u r c e s TOTAL RESOURCES L I A B I L I T I E S F,R. n o t e s i n a c t u a l c i r c u l a t i o n . . . . F.R. bank n o t e s i n a c t u a l c i r c u l a t i o n . Deposits: Member bank - r e s e r v e account . . . . Government . . . . . . . Foreign bank Special d e p o s i t s - member bank . . . . nonmember bank . . Other d e p o s i t s Total d e p o s i t s Deferred a v a i l a b i l i t y items Capital p a i d in . Surplus All o t h e r l i a b i l i t i e s . 192,209 253,762 10,200 441,188 683,509 307,747 1,932,4^4 3,624 2,200,030 290,192 221,330 276,665 276,423 — >+96,239 ll,4ll 65,661 441,103 675,532 794,968 1,911,603 429,056 194,997 1,068,154 1,692,207 5,611 5,029 54,312 52,603 2,204,708 3.810 19,282 334,699 5^,312 49,300 2,259,718 3,645 15.500 418,230 58,083 6,570,299 6,485,530 5,635,110 3,163,689 2,575,799 3,832 18,848 407,388 3, U S , 379 113,264 2,281,378 46,422 8,410 83,449 IS,334 43,010 2,481,003 399,701 147,563 27s,599 104,884 2,203,889 32,173 42,208 90,942 18,671 44,732 2,432,615 328,902 42,316 — 2,101,243 2,695 60,122 — — 34,368 2,198,428 411,713 I50 f 052 278,599 26,789 154,809 TOTAL LIABILITIES . . . . 6,570,299 6,485,530 Ratio of t o t a l gold r e s e r v e s and o t h e r cash* $0 d e p o s i t s and F . R . n o t e l i a b i l i t i e s combined 68,1* 6S.3# Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 35,436 35.031 * "Other cash" does n o t i n c l u d e F . R. n a t e s or a b a n k ' s own F . R. bank n o t e s . 5,639,110 31,790 259,421 34,940 59 . H 102,212 RESOURCES Gold with Federal r e s e r v e agents RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAUKS OK JUSTE 1*, 1933 ( I n thousands of d o l l a r s ) B-SOlb Total Boston New York F h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. D a l l a s San F r a n . 2,316,1+69 231,929 706,231 172,000 210,770 132,835 9S,550 783,197 125.955 60,1*6 88,290 21,303 180,263 2,067 2,782 1,282 7,870 Gold h e l d e x c l u s i v e l y a g a i n s t F . R. n o t e s 2,859,375 236,817 Gold s e t t l e m e n t fund with F.R.Board *27,67* 22,937 Gold and gold c e r t i f . h e l d "by "banks 2*5,7*1 22,172 708,829 176,360 217,625 134,015 101,1+41 15*,095 11,030 36,182 ll+, 288 11,1+08 li+3,5S3 13,803 l+,826 l+,l+8l+ 1+,1+lJO 3,532,790 281,926 1,006,507 201,193 258,633 152,787 117,289 293,251+ 21,802 89,361+ 25,726 2i+,6s6 16,397 li+, 1+1+5 Total gold r e s e r v e s & o t h e r cash 3.826.0*1+ 303.728 1.09*5.871 226.919 281.TL9 169.18* 131.71* 7,242 1,000 3,000 — 292 150 Redemption fund - F.R. bank n o t e s 250 B i l l s discounted: 616 23,968 7,2*8 2,102 Secured by U.S.Govt, o b l i g a t i o n s 55,553 3,557 6,979 198,209 7,7** Other b i l l s discounted 3M03 32,938 *0,330 12,91+8 8,931 253,762 11,301 Total b i l l s discounted 58,771 1+0,186 *7,309 15,050 9,5*7 10,200 625 811+ 691 30* 31+2 B i l l s bought i n open market 3,275 U.S.Government s e c u r i t i e s : 1+*1,183 20,705 18l+,552 30,192 35,132 10,1+53 10,273 Bonds 265,31+6 52,1+51+ 68,757 20,1+25 20,017 Treasury n o t e s 683,509 39,082 297,276 58,652 76,883 22,839 22,338 C e r t i f i c a t e s and b i l l s 807,7*7 *3,700 Total gold r e s e r v e s Other cash* Total U.S.Govt, Other s e c u r i t i e s securities Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks P . R. notes of o t h e r banks Uncollected items Bank premises All other resources TOTAL RESOURCES 1,932,*** 103,1+87 3,621+ — 2,200,030 115,1+13 3,832 18,8lJ8 292 353 1+07,388 1+6,991+ 5*,312 52.603 71+7,171+ 11+1,298 180,822 53,717 52,678 — — 2,9l+2 525 812,162 182,823 228,822 69,071 62,567 3,280 718 1,*17 6,516 109,392 12,818 27.*6* 1+20 378 880 1+0,812 31,839 3,39* 6,929 5,006 1,856 1+06 62,213 91,072 22,535 138,133 15,327 16,91+5 9,586 26,7*1 1,1+08 13,059 5,9*3 22,838 891,126 11+7,1+79 78,91+8 121,076 33,11* 237,712 9,369 21,916 39,733 13,590 l+,3l+0 11,386 930,859 161,069 83,288 132,1+62 *7»983 259,628 100 100 100 200 2,000 50 793,007 127,278 90,1+95 13,61+0 7,621+ 1,561 3,3*1 12,323 15,661+ 1,390 9,759 11,11+9 23I+ 283 582 3,926 l+,508 338 *,915 26,510 31**25 6,133 63,353 35,706 138,572 14,167 26,705 18,535 16,990 12,2*2 17,091 25,1+88 22,810 13,856 * 9 , S l 6 29,858 20,875 25,506 288,131 50 70,730 56,1+00 60,558 305.032 73,73* 1,187 133 1,070 10,505 519 2,955 53,627 1+,213 5,186 1,962 2,1+22 21+1+ 5,889 2,719 285 li<9 1,281 35,181+ 3,23s 611 2,108 7,605 107 — — 15,*93 1,822 55,705 1+6,1+1+0 131,009 — — 62,871+ 71,990 51,286 I61+,256 li+ 111 267 21 111 291 1,6*0 l , 6 S 6 1,005 785 10,991 1,7*6 699 1.658 15,785 3,235 19*897 3,559 9*2 i*,079 1,792 1.537 18,283 *,2** 1,362 6,570*299 *7l,77S 2,068,6*0 *5l,099 563,2*6 282,320 213,767 1,30*,559 255,698 161,^56 230,677 117,179 **9,880 * "Other cash" does not include F . R.. n o t e s or a "bank's own F . R. bank n o t e s . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH JUKE l b , 1933 ( i n thousands of d o l l a r s ) B-801c L I A B I L I T I E S Total Boston ?.R.notes in actual circulation 3 , H 8 , 3 7 9 221,333 E.R.bank notes in actual circulation 113,264 12,159 deposits: Member bank - reserve account 2,231,378 11+5,353 46.H22 3,562 Government S,4l0 Foreign bank 617 3,393 Special deposits: member bank 83,^9 nomember bank 18,334 Other d e p o s i t s Total d e p o s i t s Deferred availability items Capital paid in Surplus 43,010 2,431,003 392,701 11+7,563 273,599 31,790 New York Phila. Rich. Atlanta 656,931 240,371 314,976 142,955 124,715 — 4,165 53,581 5,523 2,195 1,070,491 113,57^ i4O,642 63,354 49,333 11,965 3,042 2,694 4,94s 3,254 296 337 2,782 S37 330 6,062 1,1+21 10,157 8,957 7,793 5,34s 2,311 204 1,690 2,223 493 269 ^5S7 3,839 1,396 5,oio 15S,9l+0 1,102,878 127,255 153,210 36,097 53,349 1+7,003 100,951 30,073 4O,6O2 34,215 10,244 5,440 53,530 15,300 13,932 10,550 *+,779 23,294 11,616 20,4-60 29,242 10,544 35,053 323 10,711 2,335 TOTAL LIABILITIES 6,570,299 ^71 f778 Ratio of t o t a l gold r e s e r v e s and other cash* to deposit and F # R. note l i a b i l i t i e s combined 68*3 79 Contingent l i a b i l i t y on b i l l s p u r chased f o r f o r e i g n correspondents 35*031 2,603 2,o6sf6Ho >151,099 62.3 61 # 6 Jill other liabilities Cleve. 11,23b 3,007 1,997 2,941 563,2^6 282,320 213,767 59 3,752 s 3,537 73.9 1,39s* 72.0 1,251 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran 305,623 142,464 39,931 111,954 216 791 65,301 2,363 237 32,l4i 3,645 6,432 3,395 ^,352 4,112 42,656 2,251 194 1,270 1,435 1,123 79,603 13,043 4,027 10,136 1,154 43,979 10,491 2,321 7,019 1,37^ 30,3^ 307,429 7,601 1,099 359,104 53,31*+ .12,999 39,^97 3,678 l,30^,559 255,698 79.9 4,645 72.5 1,215 370 49,106 149,077 1,331 1,174 245 591 5,9^8 235 169 767 63O 6,733 197 35,091 51,440 165,052 19,355 15,571 19,77^ 4,247 3,637 10,551 3,263 8,719 19,701 936 1,932 S97 78,007 1,632 245 ^,791 — 161,1156 230,677 67.2 59.9 222 35,650 230,426 2,444 976 1,036 117,179 ^9,SSO 55.1 65.6 1,036 2,501 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES B i l l s diEcourtsd B i l l s "bought in open market C e r t i f i c a t e s and b i l l s Municipal warrants Total 253,762 10,200 807,747 3,624 Within 15 days 16 to 30 days 167,91^ 4,703 131,975 3,501 17,844 1,31^ 1+0,73s 25 31 to 60 days 46,319 1,333 53,227 10 6l to 90 days 15,639 2,g'45 159,796 38 * "Other cash" does not include g . R. notes or a b a n k ' s own E. R. bank n o t e s . 91 days to 6 months 5,440 217,^76 50 Over 6 months 106 204,535 FEDERAL RESERVE NOTE STATEMENT ON JUNE l 4 , 1933 ( I n thousands of d o l l a r s ' ) Total Boston Federal reserve notes: Issued to F . R . W c b y F.R.Agent 3.320,077 237,695 Held hy F e d e r a l r e s e r v e t a n k 261,698 15,862 3 • U S ,379 221,833 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 agent as s e c u r i t y f o r n o t e s i s s u e d to bank: 1,478,034 70,912 Sold and gold c e r t i f i c a t e s Gold f u n d - F . E. Board l t 3 3 M 3 5 161,017 150,570 11,3S7 E l i g i b l e paper 467,900 U.S.Gov't, securities Total c o l l a t e r a l 3 , ^ , 9 3 9 2 l + 3,3l6 — New York PMla. Cleve. Rich. A t l a n t a B-SOld Chicago St.Louis Minn. Kans.Cy. D a l l a s San F r a n . 93,161 122,492 32,13s 274,625 739,197 257,343 330,630 152,010 147,240 82,266 16,472 15,654 9,055 22,525 833,231 153,715 28,208 11,251 656,931 240,871 314,976 142,955 124,715 805,623 142,464 89,981 111,954 35,650 230,426 484,131 97,450 107,270 49,330 222,100 74,550 103,500 83,505 32,158 18,040 30,260 8,053 — 68,000 100,000 12,000 744,389 258,040 341,030 152,888 21,550 77,000 5,125 44,000 147,735 3,180 10,538 436,197 42,255 29,146 21,490 352,000 83,700 31,000 66,800 9,411 1,753 3,272 5,750 2,488 18,803 2,500 4,434 13,000 44,139 99,500 20,763 14,267 87,000 56,000 27,000 30,900 30,000 853,608 154,708 94,918 124,o4o 32,737 281,530 FEDERAL RESERVE BAM NOTE STATEMENT ON JUNE 14, I933 ( i n thousands of d o l l a r s ) F e d e r a l r e s e r v e bank n o t e s : Issued to F.E.Bank( Out s t a n d i n g ) 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 To t a l Boston New York 139,63^ 26,370 113,26U 14,280 2,121 64,274 10,693 6,280 757 12,159 53,521 5.523 PMla. Cleve. 7,720 3,615 4,165 Rich. A t l a n t a —— — 2,920 725 Chicago St.Louis Minn. :Kans.Cy. D a l l a s San Fran 2,195 35,720 5,376 30,344 320 104 900 109 216 791 1,000 130 870 2,160 1,184 1,030 2,500 40,000 5,000 2,000 1,000 2,200 5,000 3,530 40,000 5,327 2,000 1,000 2,315 5,000 976 4,000 1,556 2,444 C o l l a t e r a l pledged a g a i n s t outstanding notes: Discounted and purchased bills U.S.Govt, s e c u r i t i e s Total c o l l a t e r a l IS,391 1^9,97^ — . — 20,000 64,274 2,000 162,365 20,000 64,274 8,000 16,919 — 16,919 — — — 327 — — 115 —
@FedFRASER