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STATEMENT FOS THE PRESS Released for publication Friday morning, June 30; not earlier. B-801 Federal Reserve Board June 29, 1933• CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve "bank credit outstanding during the week ending June 28, as reported by the Federal reserve banks, was $2,196,000,000, a decrease of $7,000,OCX) compared with the preceding week and of $158,000,000, coiapared with the corresponding wedc in 1932. On June 28 total reserve bank credit amounted to $2,182,000,000, a decrease of $12,000,000 for the week, This decrease corresponds with an increase of $89»000,000 in Treasury currency, adjusted, and a decrease of $21,000,000 in money in circulation, offset in part by increases of $81,000,000 in member bank reserve balances and $17,000,000 in unexpended capital funds, nonmember deposits, etc. Bills discounted decreased $21,000,000 at the Federal Reserve Bank of San Francisco, $3,000,000 at Cleveland and $31,000,000 at all Federal reserve banks. The System*s holdings of bills bought in open market declined $1,000,000, while holdings of United States Treasury notes increased $11,000,000 and of Treasury certificates and bills $9,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending June 28, 1933* w e r e a s follows: Increase or decrease since June 28 1953 June 21 1933 June 29 1932 (In millions of dollars) Bills Bills U. S# Other disco-unted bought Government securities reserve bank credit TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted 191 8 1,975 7 ~ + - 2,182 Mis l#979 - 12 + l + 89 5,675 Money in circulation 2,286 Member bank reserve balances Tlhespended capital funds*nonmember dqpo sits, etc. 517 31 1 20 1 - 21 + 81 + 17 - iSk + 39S + 168 + 26 + 252 + 123 Heleas'ed for publication Friday morning, June 30» 1933i n o t earlier, B-SOla RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) J«£SL22*12J1 June 21,1933 Jane 29,1932 RESOURCES Gold with Federal reserve agents . . . . . Gold redemption fund with U.S.Treasury . . Sold held exclusively against F.R.notes Gold settlement fund with F. H. Board . . Gold and gold certificates held by banks . Total gold reserves Other cash* Total gold reserves and other cash . . Redemption fund - F. R. bank notes . . . . Bills discounted: Sec. by U.S.Government obligations . . . Other bills discounted Total bills discotuited . . . . . 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 . . . Dae from foreign banks F. R. notes of other banks Uncollected items Bank premises . . . All other resources TOTAL RESOURCES LIABILITIES F.R. notes in actual circulation . . . . F.R.bank notes in actual circulation , , Deposits: Member bank - reserve account Government Foreign bank Special deposits - member bank . . . . nonmember bank . . Other deposits Total deposits Deferred availability items Capital paid in Surplus All other liabilities TOTAL LIABILITIES 2,809,201 44,068 2,853,269 4S5,550 204,946 3,5*+3.765 290,507; 2,756,903 44,250 2,801,153 53*+»924 197,131 3,533,208 287,060 1,918,617 59,798 1,978,415 265,672 335.287 2,579.37*+ 272,542 3,834,272 7,392 3,820,268 7»392 2,851,916 45,144 145,837 ~ 190,981 8,186 ^7,^77 17*+>579 222,056 8,827 182,693 287,135 1+69,828 63,519 440,836 705,047 829,329 1,975,212 2,848 2,177,227 3,729 l6,4ll 3U0,469 5^,312 50,193 441,030 693,482 820,162 1,954,674 2,923 2,188,1480 3.835 21,471 379.017 5*+. 312 50,951 ^,532 267,^83 1,098,45b 1,800,971 5.9*+*+ 2,34-0,262 3,655 14,768 328,552 58,085 45,205 6,484,005 6,525,726 5,642,4^3 3,Ool,3<?4 120,081 3,090,286 11-7»77*+ 2,755,864 2,286,207 55.029 20,286 76,358 18,739 53,114 2,509,783 339,6^2 146,744 278,599 27,822 6,484,005 2,205,302 129,527 10,088 7*3,696 19,31*+ 1*3,833 2,486,760 377.793 **l47,665 278,599 **26,849 6,525,726 2,033,697 28,331 8,396 Ratio of ^otal gold reserves and other cash* to deposit and F.R.note liabilities combined 68.8$ 68.5$ Contingent liability on bills purchased for foreign correspondents 36,060 36,91+8 * "Other cash" does not include F.R. notes or a bank's own F. R. bank notes. ••Revised figures. 36,937 2,107,361 326,818 154,816 259.*+21 38,163 5,642,443 58.6$ 98,163 RESOURCES AUD LIABILITIES Of THE FEDERAL RESERVE BAMS ON JUHE 28, 1933 (In thousands of dollars) B~S01b Total Boston Eew York Phi l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,809,20; 231,929 635,1+16 192,000 210,770 133,835 101,550 773,767 12^,309 63,269 101,290 2^,803 216,263 Gold redemption fund with U.S.Treas. 1+1+,06S U.SlU 7,057 ^,219 6,1+59 978 2,607 U,U03 1,17!+ 1,951 1,66U 1,225 7,517 Gold held exclusively against 2,853,269 236,743 778,170 125,1+83 65,220 102,954 26,028 223,780 F, R. notes 642,1+73 196,219 217,229 134,813 104,157 162,61+9 23,1+81+ 1+9,965 103,276 1 9 , ^ 5 21,193 22,1+10 10,005 18,886 Gold settlement fund with F.R.Board 1+85,550 33,^30 9,839 10,918 100,138 lU,10S l+,920. i+,65l+ 3,799 207 13,123 6,701+ 1,190 Gold and gold c e r t i f . held by banks 204,§46 22,852 5,950 27,301 Total gold reserves 905,260 233,811 272,111+ 11+9,306 118,87U 888,150 11+6,168 86,620 138,1+87 1+1,983 269,967 3,5^3,765 293,025 290,507 19,2lJO Other cash* 86,767 26,295 2^,976 16,805 1 5 , 5 H 38,570 13,761 U,73l 11,863 9,753 22,235 Total gold reserves & other cash3,83!+,272 312,265 926,720 159,929 91,351 150,350 51,736 292,202 992,027 260,106 297,090 166,111 I3i+,3S5 3,000 — 1,000 150 2,000 Redemption fund - J.R. bank notes 100 100 292 100 7,392 250 350 50 B i l l s discounted: 22,050 2,506 6,118 2,03s 2lU 285 U5.1V* S3cured>*r U.S.Govt, obligations 2,291 1,238 1,025 5,955 1,039 385 7,^10 30,830 ll+,58S 12,176 11,1+00 Other b i l l s discounted 36,105 1^5,837 1,539 7,395 5,053 8,299 3,719 7,323 Total b i l l s discounted 190,981 7,621+ l+,10l+ 8,3^8 9,901 2,578 5,338 13,691 58,155 36,785 20,706 ll+,2ll+ 9,537 B i l l s bought in open market 8,186 511+ 691 272 2I+1+ 203 1,1+56 202 302 2,5H 915 739 137 U. S. Government s e c u r i t i e s : Bonds 1+140,836 21,31s 65,901 ll+,260 16,900 11,81+5 17,390 25,358 1S2,31U 29,833 3 M 2 7 10,696 10,39^ Treasury notes 92,61+5 27,776 18,898 23.560 ll+,920 51,181+ 2DS,616 53,1+1+6 69,892 21,592 20,911 705,01+7 41,607 Certificates and b i l l s 300.098 59.579 77.912 21+.070 23.310 1U6.011 30.962 21.060 26.262 16.630 57.055 829.329 1+6.380 Total U.S.Govt, securities 751,028 ll+2,85S 182,1+31 56,358 5^,615 1,975,212 109,305 30l+,557 72,998 56,858 61,667 1+8,9^0 133,597 — — Other securities — — 2,8l+S 10 2,263 50 525 Total b i l l s and securities 813,957 180,907 203,828 70,81+1+ 62,483 2,177,227 119,720 319,213 75,779 62,3I+3 7l,iK)6 53,3^6 ll+3,lK)l Dae » from foreign banks 520 292 1+20 ll+9 ll+ 111 21 ill 267 378 3,729 133 1,313 F. R. notes of other banks 16,1+11 980 2,822 346 1+01+ 1+.610 815 1,19^ 61+2 1.U7U 778 1,991 355 Uncollected items 1+3,201 13,652 10,7^6 18,789 10,060 13,202 31+0,1+69 1+0,911 9,571 89,^97 27,258 3*+,150 29,^32 Bank premises 12,SIS 2,1+22 1,7^6 3,230 l+,2l+l+ 3,39'4 3,238 7,605 3,285 1,792 5^,312 6,929 3,559 A l l other resources 1.861 3,728 670 S76 700 1,308 1+,0S7 . U,990 5,76^ 23,193 1,577 1,^39 50,193 TOTAL RESOURCES 6,i+gi+,005 1+73,572 1,91+0,U15 1+76,1+60 51+9,301+ 27MU1 215,320 1,303,9^2 25U,2iU 168,519 21+6,615 118,930 1+56,865 RESOURCES — * "Other cash" does not include F. R. notes or a bank*s own F. R. bank notes. — RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON JUNE 28, 1933 (In thousands of dollars) B-SOlc Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 3,061,324 220,085 648,628 236,979 305,7^ 140,072 119,659 787,607 140,319 89,445 H I , 13^ 35,198 226,^2 F.E.bank notes in actual circulation 120,081 12,925 55,358 5,602 5,154 — 2,373 30,895 316 967 917 1,373 ^.201 Deposits: Member "bank -> reserve account 2,286,207 159,367 955,9^9 1^6,478 137,97^ ^ ^ 50,911 338,370 68,727 ^7,653 95,345 53,779 159,211 Government 55,029 3,1^3 lU,120 2,709 10,135 989 6,165 2,844 3,568 2,284 1,191 1,889 5,992 Foreign bank 20,286 1,449 7,068 2,084 1,965 77^ 69H 2,580 675 456 576 576 1,389 Special deposits: member bank 76,358 3,081 5,36^ 8,397 5,901 6,178 2,501 29,453 3,5^6 1,292 5,074 286 5,285 nomaember bank 18,789 — 1,095 1,801 220 2,962 218 7,018 3,723 939 176 — 637 other deposits 53,H 1 * 5,550 14,135 53 4,067 H,489 5,218 5,39^ 2,436 4,037 254 719 6,762 Total deposits 2,509,783 172,590 997,731 161,522 160,262 87,835 65,707 385,659 82,675 56,661 102,616 57,249 179,276 Deferred availability items 339,652 4l,Ob6 86,316 26,07^ 33,961 28,628 9,157 ^3,^89 l£,4l4 10,455 18,765 -11,562 1^,765 Capital paid in 146,744 10,609 58,535 15,806 12,902 5,446 4,867 13,066 4,005 2,822 4,24^ 3,881 10,56l Surplus -<278,599 20,460 85,058 29,242 28,294 llt6l6 10,544 39,497 10,186 7.019 8,263 8,719 19,701 All other liabilities 27,822 837 8,789 1,235 2,985 1,244 3,021 3,729 1,299 1,150 676 9^8 1,909 TOTAL LIABILITIES 6,484,005 478,572 l,94o,4l5 476,460 549,304 27^,841 215,328 1,303,942 254,214 168,519 246,615 118,930 456,865 Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined 68.8 79.5 60.3 65.3 63.S 72.9 72.5 79.0 71.7 62.5 70.3 56.0 72.0 Contingent liability on bills purchased for foreign correspondents 36,060 2,69s 11,444 3,881 3,659 l,44l 1,29^ M05 1,257 850 1,072 1,072 2,587 .LIABILITIES MATURITY DISTRIBUTION OP BILLS AND SHORT TERM SECURITIES Total Bills discounted Bills bought in Open market Certificates and bills Municipal warrants Within 15 days 190,981 136,381 829,329 2,g4g 1,370 41,613 2,727 8,186 16 to 30 days 31 to So days 16,677 1,552 46,025 10 14,555 2,697 108,495 6l to 90 days 18,468 2,567 284,562 38 91 days to 6 months 4,853 223,849 73 * "Other cash" does not include F. R. notes or a bank's own F. R. bank notes. Over 6 months 124,785 FEDERAL RESERVE HOTS STATEMENT ON JUNE 28, 1933 (in thousands of dollars) Total Boston Hew York Phi la. Federal reserve notes? Is3ued to F.R.bank "by F.R.Agent 3,327,30S 265,98*+ Held by federal reserve "bank In actual circulation 3,o6l,32H Collateral hald "by agents as security for notes issued to 'bank: 1,523,266 Gold and gold certificates 1,235,935 Gold fund - F. R. Board 115,779 Eligible paper 1+1+1,200 U.S.Gov't, securities 3,366,180 Total collateral CI eve. Rich. Atlanta B~S01d Chicago St.Louis Mijan. Kans.Cy. Dallas Saji Fran. 237,519 17,1+31+ 220,085 730,661+ 25^,163 320,61+5 1H6.971 1 ^ , 6 6 1 82,036 17,isH ii+,899 6,299 24,002 61+8,b2S 236,979 305,71+6 lU0,072 119,659 817,218 151,76U 93,191 120,Ul6 39,^26 271,670 29,6ll 11,1+1+5 3,7^6 9,282 1+,22S ^5,218 70,912 161,017 9,276 529,316 106,100 36,792 59,000 731,208 '437,767 336,000 7,210 50,000 830,977 21+1,805 97,^0 9^,550 16,671+ 1+7,000 255,671+ 107,270 ^9,330 ... 22,550 103,500 8^,505 79,ooo 15,593 7,29s 3,691 7,000 39,000 100,000 326,363 1^8,133 li&,2i+l 787,607 11+0,319 .89,1+1+5 ill, 131+ 35,192 226,^+52 1+2,609 30,269 21,1+90 18,803 95,500 81,700 33,000 79.S00 6,000 120,763 1,586 3,119 V-«5 3,931 5.U7U 26,000 27,200 17,000 12,000 57,000 151,S95 93,5SS 122,775 ^,781+ 272,737 FEDERAL RESERVE BAKE NOTE STATEMENT ON JUNE 28, 1933 (In thousands of dollars) Total Boston N-3-S7 York Phila. federal reserve hank notes: Issued to F#R.Bank( Outstanding) Held by Federal reserve bank In actual circulation Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 2,373 30,895 316 8,000 1+.956 5,000 -— 1+81 3»ooo 1+0,000 239 5,000 2,000 1,000 U5 2,700 5,000 8,000 9,956 - 3.^1 1+0,000 5,289 2,000 1,000 2,815 5,000 5,81+1 155,971+ 20,000 61+~27H 161,815 20,000 6i+, 27!+ 7,680 2,526 1+00 1,373 - 6,280 67s 5,602 33,380 2,1+35 5,000 799 1+, 201 5.15^ 61+,27l+ 8,916 55,358 2,920 5I+7 1,000 S3 917 1,060 93 967 138,611+ ll+,280 IS,533 1,355 120,081 12,925 81+ 2,3*«> 967 Collateral pledged against outstanding notes: Discountei and purchased bills U.S.Govt, securities Total collateral
@FedFRASER