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STATEMENT FOR ME PEESS B-S01 Federal Reserve Board June 22, 1933• Released for publication Friday morning, June 23; not earlier # CONDITION OF FEDERAL RESERVE BANKS The daily average voliame of Federal reserve bank c r e d i t outstanding during the week ending June 21, as reported by the Federal reserve banks, was $2,203,000,000, a decrease of $6,000,000 compared with the preceding week and of $92,000,000 compared with the corresponding week in 1932* On June 21 total reserve bank credit amounted to $2,19^*000,000* a decrease of $18,000*000 f o r the week. This decrease corresponds with decreases of $76*000,000 in member bank reserve balances, $27,000,000 in money in circulation and $H,000,000 in unexpended capital funds, nonmember deposits, etc*, o f f s e t in part by a decrease of $90,000,000 in Treasury currency, adjusted. B i l l s discounted decreased $23,000,000 at the Federal Reserve Bank of Cleveland, $2,000,000 each at Philadelphia and San Francisco and $32,000,000 at a l l Federal reserve banks. The System*s holdings of b i l l s bought in open market declined $1,000,000, while holdings of United States Treasury notes increased $10,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $13,000,000. Changes in -the amount of reserve bank credit outstanding and in related items during the week and the year ending June 21, 1933% were as follows: Increase or decrease since June 21 June ik June 22 (In millions of dollars) Bills Bills U» S. Other discounted bought Government securities reserve "bank credit TOTAL RESERVE BMK CREDIT Monetary gold stock Treasury currency adjusted 222 9 1,955 8 - 32 - 1 + 23 - 7 - 266 2,194 4,317 1,890 - 18 - 1 - 90 + + 94 Uoo 120 - 27 - 76 - U + + + 191 139 97 Mongy in circulation 5,696 Member bank reserve balances 2,205 Unexpended capital funds,nonmember d e p o s i t s , e t c . 500 - + 225 s Released f o r publication Friday morning, June 23.19331 not B-SOla earlier. RESOURCES AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) June 21.1933 RESOURCES 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 c e r t i f i c a t e s held by banks Total gold reserves . . . . . . . Other cash* 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 . . . . . . . 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 . . . . . . . Total U.S. Government 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 resources . . . . . . . . . . June 14,1933 June 22,1932 2,756.903 44,250 2,816,469 1.899,307 52,186 2,801,153 534,924 197,131 3.533,203 2,859,375 1,951,493 270,216 340,808 42,906 427,674 237,060 245,741 3,532,790 293,254 3,320,263 7,392 3,826,044 7.242 2,838,103 55,553 196,563 291,643 488,206 53,718 47,477 174,579 222,056 3,327 441,030 693,432 320,162 1,954,674 2,923 198,209 253.762 10,200 441,138 683.509 807,747 1,932,444 3,624 2,562,517 275.586 — 429,185 224,676 1,075,840 1.729,701 5,716 21,471 379,017 54,312 50,951 6,525.726 2,200,030 3,832 13,848 407,333 54,312 52,603 2,277,341 3,648 13,601 354,342 58,082 43,036 6,570,299 5.588,153 F. R. notes in actual circulation . . . F. R. bank notes in actual circulation Deposits: Member bank - reserve account . . . . Government Foreign Jjajik; . Special deposits - membor bank . . . nonmember bank . . Other deposits , 3,090,236 117.774 3.118,379 113,264 2.615,932 2,205,302 129.527 10,033 72,696 2,231,378 46,422 3,410 2,066,092 Total aap&slfrs . . . . . . Deferred availability items . . . . . Capital paid i n . . . . . Surplus All other l i a b i l i t i e s . . . . . . . . . 2,436,760 TOTAL RESOURCES 2,183,430 3,835 L I A B I L I T I E S TOTAL' LIABILITIES Ratio of total gold reserves and other cash* to depositj and F. R.note l i a b i t i e s combined . . . . . . Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . . . . . . 19.314 33,449 13,334 43,010 34,893 2,431,003 2,172,392 377,793 1^7,650 273,599 26,364 399,701 147,563 154,806 6,525,726 6,570,299 5.588,153 43,833 63. 556 278,599 31,790 68.3* 35,031 * "Other cash" does not include F. R. notes or a bank's own F. R. bank notes. 54,351 17,556 36,943 347,596 259,421 37,506 59.3$ 101,465 RESOURCES MB LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 21, 1933 (In thousands of dollars) B-SOlb Total Boston New York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Qy. Dallas San Fran. Gold with Federal reserve agents 2,756,903 231,929 643,4l6 172,000 210,770 135,835 105,550 773,667 124,215 .61,665 93,290 21,303 183,263 Gold redemption fund with U.S.Treas. 44,250 4,833 5,233 ^,244 6,496 991 2,742 4,670 1,198 2,051 2,690 1,266 7,836 Gold held exclusively against 61+8,61+9 176,21+1+ 217,266 136,826 108,292 F. R. notes 778,337 125,413 63,716 95,980 22,569 191,099 2,801,153 236,762 169,61+5 17,621+ 39,559 24,527 18,032 Gold settlement fund with F.R.Board. 53U,92i+ 60,195 95,057 25,55^ 17i801 21,523 11,170 34,237 99,61+1 13,832 1,372 13,004 4,603 3,541 Gold and gold c e r t i f . held by banks 197,131 22,50s 5,917 20,125 6,399 1,31^ M75 3,533,208 319,^5 Total gold reserves 879,793 152,281 82,889 130,507 39,656 245,461 917,935 207,700 261,700 165,956 129,865 9,408 21,418 287,060 20,960 86,681+ 26,1+62 25,825 16,255 14,541 4,347 11,024 Other cash* 37,325 12,811 RESOURCES Total gold reserves & other cash 3,820,268 340,425 1L,ooi+,6i9 1,000 3,000 7,392 Redemption fund - F.R. bank notes B i l l s discounted: 23,602 47,477 2,528 Secured by U.S.Govt, obligations 7,7^2 Other b i l l s discounted 174,579 35,999 222,056 10,270 59,601 Total b i l l s discounted 8,827 2,594 B i l l s bought in open market 550 U. S. Government securities: 1+1+1,030 20,933 123,506 Bonds 693,1+82 to, 235 266,892 Treasury notes 299,4o4 Certificates and b i l l s 820,162 45,056 71+9,802 Total U^S.Govt. securities 1,95^,67^ 106,271+ — Other securities 2,923 2,335 Total b i l l s and securities 814,332 2,188,1+80 117,091* Due from foreign banks 292 1,419 3,835 F. R. notes of other banks 8,296 21,1+71 376 Uncollected items 104,720 379,017 1+2,895 Bank premises 12,818 54,312 3,280 A l l other resources 22.182 50*951 711 TOTAL RESOURCES 234,162 287,525 182,211 I44,4O6 — 150 292 350 6,101 6,325 31,193 37.51S 756 17,961+ 2l+,o65 29,987 34,862 691 52,850 69,170 59,185 77,459 11+2,022 181,1+91 525 — 180,821 206,21+7 1+20 37 8 1,067 365 29,01+9 35,61+6 6,929 3,39^ 7,223 3,745 2,150 12,619 14,769 284 10,318 20,473 22,926 53,717 — 68,770 149 1,845 32,025 3,238 4.117 917,118 165,092 2,000 100 87,236 141,531 100 50 12,300 2,989 816 2,203 333 5,4s6 1,390 8,781 3,019 234 5,819 10,171 257 15,289 1,104 10,3^7 20,424 23,172 53,9^3 64,953 89,194 142,625 296,772 14,215 498 8,267 8,765 — 62,965 133 1,313 9,617 2,422 5.133 50 313,215 520 2,054 46,715 7,605 1,832 27,213 30,473 71,901 — 75,151+ 21 1,426 14,485 3,285 702 49,064 266,879 100 250 224 306 370 28,214 28,584 1,671 16,934 12,032 18,634 23,139 20,870 25,912 17,481 l4,s4o 25,412 50,418 156 56,438 13 62,426 14 731 11,030 1,746 1,598 61,083 — 71,47s 111 2,043 22,782 3,559 922 375 3,811 4,186 16,619 56,461 4s,940 132,291 — — 53,432 162,546 ill 267 262 1,693 11,836 18,157 1,792 1,493 4,244 1,293 6,525,726 506,073 1,971,386 1+52,24s 5^5,365 292,355 226,139 1,291,059 260,265 164,941 21+2,1+76 118,090 1+55,329 * "Other cash" does not include F. R. notes or a bank*s own F. R. "bank notes. L I A B I L I T I E S RESOURCES MtD LIABILITIES OP THE FEDERAL RESERVE BMKS ON JTOTE 21, 1933 (In thousands of dollars) Total Hew York Phila. Cleve. Rich. Atlanta 650,019 238,959 307,799 1*1,101 122,892 — 5*,*32 *,938 11,771 5,5*1 2,351 Chicago 799,872 31,387 5*,762 13,596 308,020 5,310 1,291 32,175 7,157 2,622 356,575 *7,152 13,038 39,*97 3,53S Boston ,3,090,286 222,*27 F.R.notes in actual circulation F.R.bank notes in actual circulation 117,77* 'Deposits: Member bank - reserve account 2,205,302 163,171 965,6*7 116,361 131,9*5 65,455 Government 6,018 25,858 129,527 2*,376 8,599 24,063 Foreign "bank 10,088 98* 3,*72 1,0*3 725 387 Special deposits: member "bank 3,188 78,696 6,02* 5,*29 5,7** 7,839 nonnenber "bank — 20* 1,286 1.769 19,31* 2,525 Other deposits 4,069 43.8^ 11,710 *,169 5,385 157 Total deposits 2,486,760 196,845 1,013,717 133,127 151,925 101,928 referred availability items 377,793 * 3 . l 9 l 101,389 28,353 35,512 31,120 Capital paid in 147,650 10,57s 5S.530 15,S06 13,932 5,*39 Surplus 278,599 20,460 85,05s 29,842 28,294 l l , 6 l 6 All other l i a b i l i t i e s 26,864 801 8,241 1,160 2,965 1,151 3*8 2,513 193 2,251 73.663 S,957 ijJ 10,544 2,939 B-SOlc 273 881 888 66,507 7,^63 33S 3.616 U,300 **,107 81,702 6,450 288 86,70S 4,679 229 1,295 1,118 1,510 52,93s 16,636 9,920 2,821 *,027 10,186 7,019 1,35S 1,142 TOTAL LIABILITIES 6,525,726 506,073 1,971,386 452,248 5*5,365 292,355 226,139 1,391,059 260,265 164,941 Ratio of total gold reserves and other cash* to deposit and E#R. note l i a b i l i t i e s combined 68.5 81.2 60.4 62.9 62.5 75.0 73.5 79.3 72.5 60.9 Contingent l i a b i l i t y on b i l l s ptjt36,948 2,69s 12,332 3,881 3,659 l,44i 1,294 4,805 1,257 S50 chased f o r foreign correspondents 5,160 1*7 388 9*,135 22,6*4 *,253 1,260 4,052 52,778 154,847 609 283 289 2,506 695 5**24 615 386 6,702 5*,350 170,789 13,463 19**56 3,882 10,551 8,263 8,719 19,701 915 651 2,003 242,476 118,090 455,329 68.8 1,072 5*.6 1,072 66.8 2,587 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total B i l l s discounted B i l l s bought in open market Certificates and M i l s Municipal warrants 222,056 8,827 820,162 2,923 Within 15 days 146,300 *,336 35,H3 2,803 16 to 30 days l*,03o 89* 3*,325 31 to 60 days 35,965 1**31 138,8^4 10 61 to 50 days 20,653 2,166 269,576 3S 91 days to 6 months 5.042 224,529 72 * "Other cash" does not include F. R. notes or a "bank's own F. R. "bank notes. Over 6 months 60 117,775 FEDERAL RESERVE NOTE STATEMENT ON JOKE 21, 1933 ( l a thousands of dollars) Total Boston Federal reserve notes: Issued to F.R.bank by F.R.Agent 3,362,027 Held by Federal reserve bank 271,801 3,090,286 In actual circulation Collateral held "by agents as security for notes issued to "bank: Gold and gold c e r t i f i c a t e s 1,523,96s 1,227,935 Gold fund - F. R. Board 126,141 Eligible paper 504,200 U.S.Gov't, securities 3,387,244 Total c o l l a t e r a l Hew York Phi l a . Cleve. Rich. Atlanta B-SOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 238,1418 735,R51 255,754 321,03s 1^9,2^3 147,719 222,427 650,019 238,959 307.799 l4l,101 122,892 828,359 152,130 93,971 122,610 39,380 277,91*+ 28,^87 11,053 3,751 10,96s 3,879 49,137 799,872 141,077 30,220 111,642 35,501 228,777 70,912 16},017 529,316 97,450 107,270 49,330 22,550 n4,ioo 74,550 103,500 86,505 83,000 37,965 16,477 l6,S20 7,778 4,34s 8,000 39,000 55,000 68,000 100,000 736,381 256,477 327,590 151,613 148,898 437,657 336,000 8,507 50,000 832,174 13,931 10,281 242,210 85,532 16,795 13,239 8,1^42 24,327 42,515 29,165 21,490 18,803 102,500 81,700 32,500 71,300 2,500 80,763 2,062 3,£03 5,033 4,06s 9,199 26,000 29,200 27,000 15,000 87,000 152,277 34,46s 125,323 4o,37l 279,462 FEDERAL RESERVE BANK NOTE STATEMENT ON JUNE 21, 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. 138,534 20,760 14,280 2,509 64,274 9,S42 6,280 739 7,680 2,742 117,774 11,771 54,432 5,541 4,938 8,412 155,474 ao,ooo 64,274 8,000 163,886 20,000 64,274 8,000 Rich. Atlanta Chicago St .Louis Minn, Kans. Qy. Dallas San Fran. 2,920 569 33,380 1,993 400 127 980 99 1, 000 112 2,340 1,080 5,000 2,351 31,387 273 881 888 1,260 4,052 7,H3 5,000 898 2,500 40,000 5,000 2,000 1, 000 115 2,700 5,000 12,113 3,398 40,000 5,286 2,000 1, 000 2,815 5,000 ~ 948 Collateral pledged against outstanding notes: Discounted and purchased bills U.S.Govt, securities Total collateral 286
@FedFRASER