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STATEMENT FOR THE PBESS Released for publication Friday morning, June 8; not earlier* B-801 Federal Reserve Board June 7t 193^» CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended June 6, as reported by the Federal Reserve banks, was $2,^70,090,000^ a decrease of $U,000,000 compared with the preceding week and an increase of $250,000,000 compared with the corresponding week in 1933• On June 6 total Reserve bank credit amounted to $2,475,000,000, an increase of $5,000,000 the week. This increase corresponds with increases of $24,000,000 in member bank reserve balances, $4,000,000 in money in circulation and $2,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $6,000,000 in Treasury and National bank currency, offset in part by a decrease of $17,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $1^,000,000 in monetary gold stock. The System's holdings of bills discounted declined $5,000,000 and of United States Treasury notes $2,000,000, while holdings of Treasury certificates and bills increased $2,000,000. Changes in the amount of Reserve bank credit outstanding and in -related items during the week and the year ended June 6, 193*+, were as follows: Increase or decrease since June 6 May 3 ° JVZIB 7 193*1 19^ 1933 (In millions of dollars) Bills Bills U, S. Other discounted bought Government securities Reserve bank credit TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and National bank currency 29 5 2,^30 10 2.^75 7,790 2,365 Money in circulation 5,3^2 Member "bank reserve balances 3,727 Treasury cash and deposits with F # R*banks 3,034 Nonmember deposits and other F # R*accounts K6I -5 -2K8 +9 +518 .- 5 +1U -6 +261 +3,761 + 69 + 1+ +2K -H +2 - 6 -138 +1,583 +2,727 -SI uo,t Released, for publication Friday morning, June earlier. B-801a .1SSETS AKD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMB IKED (in thousands of dollars) June 6.1934 May 30.1934 June 7.1933 4,648,031 961,977 2,514,484 45,524 290.192 3,812,177 7,242 A S S E T S Gold certificates on hand and due from U . S . Treasury Gold * • • » « « * • » » • • » • • « • • Redemption fund - F . R . notes . . . . . Other cash Total reserves Redemption fund - F . R . bank notes . , , Bills discounted: Sec. by U.S.Government obligations . , Other bills discovinted Total bills discounted . . . . . 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 . . . Due from foreign banks F . R . notes of other banks Uncollected items . Bank premises Fed, Dep. Ins. Corp. stock All other assets . . . TOTAL ASSETS - 4,706,157 — 30,010 223,321 4,959 ,4ss 29,774 223.880 4,901,685 4,720 5,61s 23,379 22,997 5,221 406,258 1,214,508 809.470 2,430,236 534 2,464,983 3,122 18,451 435,751 52,609 9,038 55.335 221.330 33,700 5,17s 276^665 406,194 1,216,490 807,470 2,430,154 441,103 675,532 794,968 24.662 535 2,469,567 3.125 15.382 397,257 52,602. 139.299 il,4ii 1,911,603 5,029, 2,204,708 3,810 19,282 334,699 54,312 139,299 49.090 , 48,57.7 49.300 8,127,232 8,032,214 6,485,530 3,068,807 58,748 3,051,604 3,163,689 104,884 3,787,048 75.75S 3,686 225.816 4,092,308 429,302 146,433 138,383 3,762,920 51,636 2,203,889 4,047,746 399,832 146,271 138,323 161,832 161,832 31,419 26.124 12,179 14,610 8,127,232 8,032,214 6,485,530 — L I A B I L I T I E S F . R . notes in actual circulation . . . F . R . bank note circulation - net . . . Deposi ts: 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 . . . . . 69.3^ 2,447 60,422 5,592 227,59s 69.0$ 2,730 32,173 42,208 154,345 2,432,615 328,902 150,052 278,599 68.1$ 35,436 ASSETS AND LIABILITIES OP THE FEDERAL RESERVE B A M S ON JUNE 6, 1934 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Gold certificates on hand and 1 due from U.S. Treasury 4,706,157 383.083 1,569,9s * 287,63H 369,573 Redemptiom fund - F.R. notes 30,010 2,279 2,804 3,336 1.293 Other cash 56.852 34.552 12.620 223 * "521 15.773 Total reserves ^,959,^8 401,135 1,628,069 32^,990 385,529 Redemption fund - F.R. bank notes 250 858 2,003 715 Bills discounted: 227 5,618 1U9 Sec # by U.S.Govt. obligations 1,301 3.199 Other bills discounted 10,224 507 23,379 7,509 1,237 Total bills discounted 8,810 1,386 13,423 28,997 73* Bills bought in open market 487 5.2a 536 371 1.957 U.S.Government securities: Bonds 406,258 22,991 148,402 25,603 30,249 Treasury notes 1,214,508 80,622 386,608 85,124 109,1+04 Certificates and bills 809,470 5^,067 245,245 56,393 73,372 Total U.S.Govt, securities 2,430,236 157,680 780,255 167,120 213,025 — Other securities 53* 35 - ^99 — 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 2,464,988 158,785 3,122 18,451 ^35,751 52,609 139,299 ^,090 236 308 1&.77S 3.224 10,230 830 Rich. Atlanta Chicago St.Louis B-SOlb Minn. Kans.Cy'* Dallas San Fran, 998,920 163.550 96,952 151,898 89,509 292,118 182,193 120,803 3.636 1,581 8,058 11.690 6,486 33.372 1,046 10,046 1,297 11,491 1,069 10,136 62 10 203 213 142 4,606 12,787 191,832 136,129 1,038,778 lfa&tz 109,7^0 163,103 96,030 309,511 — — 474 — — 134 — • 82 r 1111 [ 6 119 84o 504 1,110 36 220 419 959 193 586 178 1,116 98 649 121 639 14,707 12,696 53,185 35.671 ^5.833 30,727 103,563 89,256 795,670 176,965 214,898 104,715 342 300 1,129 119 5,804 842 1,076 633 107,1*98 33,771 39.556 44,594 u,44i 6,788 3,128 4,156 42,529 14,621 14,147 5,808 32,118 1,403 5,706 1,907 —• 90,020 109 892 15,786 2,372 5,272 2,494 577 5.9*44 200 377 ^13 456 577 142 360 66,568 13,664 15,833 13,197 18,730 212,23s 47,608 29,817 47,074 31,571 152,037 31,928 19,99^ 31.573 21,174 430,843 93,200 65,644 9i,s44 71,475 23,618 — — 85 — 432,608 93.419 66,36s 4i4 10 7 2,970 1,658 1.071 55.482 20,734 12,212 3,124 7,387 1,657 19,749 3,510 5,093 1,029 295 1,179 — 92,199 87 — 85,424 57,289 166,331 —• 72,073 167,268 87 222 1,506 317 1.37^ 23,208 19,172 18,960 4,090 3,485 1,757 9,850 4,131 4,359 46o 1,038 631 8,127,232 619,776 2,626,321 562,042 664,178 353,179 253,074 1,558,417 299,109 195,744 288,179 195.307 511.906 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH JUKE 6, I93U (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta 3,06S,807 2l&,653 633,9^ 21+7,813 30^,025 11+3,21+9 136,039 58.7^8 758 37,633 5.507 12,112 F.R.notes in actual circulation F.R.bank note circulation - net Deposits: 3»737t0^8 288,880 1,518,560 Member bank - reserve account 32,065 75.75s 3,63H U,S.Treasurer-General account 3,686 1,238 Foreign bank 270 Other deposits M72 Total deposits 1+,092,308 297,256 1,67!+,202 Deferred availability items 1+29,302 W , 3 8 3 102,888 11+6,1+33 10.736 Capital paid in 59,719 138,383 9,610 Surplus !+5.217 Reserves (F.D.I.C. stock, self in161,832 11,283 1+7,266 surance, etc.) 20,1+52 All other liabilities 1,092 31,1+19 8,127,232 619,776 2,626,321 TOTAL LIABILITIES Ratio of total reserves to deposit and F.R.note liabilities combined 69.3 Contingent liability on bills purchased for foreign correspondents 2,1+1+7 7I+.O 70.1+ 192 699 209,797 21+3,201 lU0,0l6 1.92H 10,393 3,201 1U2 3S9 359 18,1+1+0 5,312 7M78 2,8^0 131 7,1+26 230,550 261+,851 11+8,671 85.125 31,1+36 39,089 1+3,910 ii+,io6 15,363 13,352 12,787 ll+,090 U,980 5.171 1+.385 5.11+5 7,852 1+22 B-SOlc Chicago St.Louis Minn. Kans.Cy. Dallas San Fran 775»0^7 133.652 95.363 107,931 1+0,1+93 201,598 2,556 — 182 67,397 13s,6sU 112,765 236,1+91+ 3.206 10,1+50 2,136 2.H35 1,563 l,86l 123 105 1+72 86 266 105 12,671+ 13,1+1+1+ 6,926 2,89^ 1,379 667,909 129,036 76,51+5 ll+l+,118 115,812 258,233 56,662 21,050 12,51+2 23,208 20,199 19,821+ 12,565 l+,022 3,036 i+,ii+9 3.975 10,716 20,681 1+.756 3,1+20 3,613 3,683 9.61+5 6M+,313 112,263 22,718 2,835 5,91+6 1+65 5,1+89 11,1+65 i+,7^7 1+.535 3,100 1+25 777 303 1+13 562,0112 66U, 178 353,179 253,07^ 1,558,^17 299,109 1 9 5 , 7 ^ 288,179 195,307 511,906 17,121 16,1+1+7 67.9 67.8 900 278 257 6,963 235 65.7 61.6 102 93 72.0 337 66.5 88 63.8 61+.7 61 75 61.1+ 67.3 75 190 MATURITY DISTRIBUTION OF BILLS A23D SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 28,997 5,221 809,1+70 53U Within 15 days 22,1+51 368 79,136 1+92 16 to 30 days 2,61+1+ 1,1+06 32,105 7 31 to 60 days 1,763 659 1+8,225 6l to 90 days 1,81+6 2,788 75,662 35 91 days to 6 months 289 31+7,162 Over 6 months 1+ 227,180 FEDERAL RESERVE NOTE STATEMENT ON JUNE 6, I93I* (In thousands of dollars) Total Boston New York Phila. Cleve. Federal Reserve notes: issued to F.R.barik by F.R^gent 3,359,601 Held by Federal Reserve bank 290,79** In actual circulation 3,068,807 Collateral held "by agent as security for notes issued to bank: Gold certificates on hand and due from U.S. Treasury 2,999,771 15,271 Eligible paper 375,300 U . S . Govt, securities Total collateral Rich. Atlanta , B-801d Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. _ . 267,35^ 22,701 2^,653 736,689 266,912 320,76s 153.190 15^,733 97,7^5 19.099 16,7^3 9.9^1 18,69!* 6 3 8 , 9 ^ 21+7,813 3 0 M 2 5 ll*3,2l*9 136,039 815,007 138,755 100,135 H5,139 \5»006 2^5,913 39,960 5.103 *+,772 7,208 ^513 ^,315 775,0^7 133,652 95,363 107,931 >+0,493 201,59s 271,117 733,706 228,000 261,931 129,3^0 75^,513 116,936 — Q& 3,390,31*2 271,761 8,590 91,385 2,953 696 1+03 1*11 37,000 60,000 25,000 65,000 71+2,296 267,953 322,627 15^,7^3 156,796 115 97,290 196 98 313 117 65,000 23,000 25,300 20,000 819,709 1*10,031* 101,728 117,1*07 ^ 193,763 456 39!* 55,000 1*6,131 21*9,157 FEDERAL RESERVE BA2IK NOTE STATEMENT ON JUNE 6, 1931* (In thousands of dollars) Total Federal Reserve bank notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank In circulation - net* Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran. 3.200 73,1*02 1,511 39,3^7 12,775 ll*,65l+ 58,71*8 753 758 16,035 37,633 5,507 12,112 — 182 — 2,556 81,1*71* 5,000 5,000 39,97^ 16,500 15,000 — 16,500 — — 1*,000 39,97^ 1,000 1,000 l,7ll* 10,528 53H 6i*i* 352 663 Collateral pledged against outstanding notes: Discounted and purchased bills U . S . Govt, securities Total 81,1*71* 15,000 — 1*,000 *Does not include $92,105,000 of Federal Reserve bank notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States •
@FedFRASER