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STATELIEST FOR THE PRESS Released for publication Friday morning, March 3; not earlier B-S01 Federal Reserve Board March 2, 1933. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve "bank credit outstanding during the week ending March 1, as reported by the Federal reserve banks, was $2,5^5,000,000, an increase of $317,000,000 compared with the preceding week and of $o'57,00Q,000 compared with the corresponding week in 1932. On March 1 total reserve bank credit amounted to $2,936,000,000, an increase of $585,000,000 for the week. This increase is largely accounted for by an increase of $732,000,000 in money in circulation and a decrease of $116,000,000 in monetary gold stock, offset in part by a decrease of $233»OOOfOOO in member bank reserve balances and an increase of $37,000,000 in Treasury currency, adjusted. Holdings of discounted bills increased $217,000,000 at the Federal Reserve Bank of New York, $71,000,000 at Philadelphia, $3^,000,000 at Cleveland and $3^5,000,000 at all Federal reserve banks. The Systemfs holdings of bills bought in open market increased $20U,000,000, while holdings of United States Treasury notes increased $5,000,000 and those of Treasury certificates and bills declined $3,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending March 1, 1933> were as follows: Increase or decrease since Mar, 1 1933 Feb. 21 1933 Mar. 2 1932 (in millions of dollars) Bills Bills U. S # Other discounted bought Government securities reserve bank credit +385 +20U* - lib + 26S 4-1,076 21 TOTAL RESERVE. B A M CREDIT Monetary gold stock Treasury currency adjusted 2,336 4,34); +585 -lib +1,207 1.515 + 37 + ' 124 Money in circulation Member bank reserve balances Unexpended capital funds,nonrnember deposits, etc 6,720 2,03s 436 +73-233 + 5 +1,137 + 136 + 5 1 6 *Feba 21 figures revised. Released for publication Friday morning, March 3,1933; not earlier. B-801c RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BASKSCOMB DIED (in thousands of dollars) . March 1,1933 Feb. 21,1933 March 2,1932 2,180,967 87,^:5 2,367,937 48,756 2,056,147 54,744 2,2OSJ462 . 2,416,743 2,110,891 385,672 237,9^9 437,943 263,707 278,531 549,552 2,892,083 174,1454 3,118,393 2,938,974 3,066,537 67,880 3,304,644 R E S O U R C E S 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 certificates held by banks Total gold reserves Reserves other than gold Total reserves Fon-reserve cash . . Bills discounted: Sec. by U.S. Government obligations Other bills discounted 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 3,145,355 73,549 105,102 222,036 462,142 327,138 82S.402 *179.576 115,640 420,832 457,880 957,251 421,021 318,686 1,835,963 1,834,233 4,697 4-18,921 293,470 712,391 383,666 2,936,739 Due from foreign banks 206,381 73,586 4,719 Total bills and securities 186,251 452,661 960,551 * 2,34^ ,''44 366,260 79,501 361,768 759,955 6,073 1,710,070 8,605 . 400,335 53,962 54,082 3,498 13,289 333,656 53,962 52,998 . . . . . 6,594,133 •6,151,277 5,434,994 F. R. notes in actual circulation . . . 3,579,522 3,000,248 2,638,488 Deposits: Member bank - reserve account Government Foreign bank Other deposits 2,038,228 27,766 41,956 49,240 2,271,129 1,902,13s 36,875 16,392 21,696 1,977,101 Uncollected items Bank premises All other resources . . . . . 3,515 11,083 4 TOTAL RESOURCES ... 14,880 384,984 57,821 39,730 L I A B I L I T I E S . . . . Total deposits Deferred availability items Capital paid in Surolus All other liabilities TOTAL LIABILITIES 2,157,190 40,729 60,799 26,741 2,399,398 • 331.695 150,474 375,058 278,599 24,321 20,863 259,421 6,-594,133 •6,181,277 5,434,994 404,198 150,303 273,599 Ratio of total reserves to deposit and F. R. note liabilities combined . . 53.51° 61.256 Contingent liability on bills purchased for foreign correspondents 29,39s 30,284 •Revised. 156,665 28,261 68. 311,640 RESOURCES A M ) LIABILITIES OF THE FEDERAL RESERVE B A M S 01 MARCH 1, 1933 (In thousands of dollars) R E S O U R C E S Total Boston Gold with Federal reserve agents 2,180,967 159,027 Gold redemption fund with U.S.Treas. 87,495 3,662 Gold held exclusively against F. R. notes 2,268,1+62 162,689 25,116 12,857 Gold settlement fund with F.R.Board• 385,672 Gold and gold certif. held "by "banks 237,9^9 Total gold reserves 2,892,083 200,662 17l+,l+5l+ 16,01+9 Reserves other than gold Total reserves Fon-reserve cash Bills discounted: Secured by U.S.Govt, obligations Other bills discounted Total bills discounted Bills bought in open market U. S. Government securities: Bonds Treasury notes Certificates and bills Total U.S.Govt, securities Other securities Total bills ana securities Dae from foreign banks F. R. notes of other banks Uncollected items Bank premises All other resources TOTAL RESOURCES ITew York Phila. 7,958 l+,86l 278,181 126,698 80,018 3,362 2,532 3,160 37,057 42,579 22,103 19,605 3,089 21,991+ 79,636 1+1,708 25,083 12,205 19,595 1+18,921 293,^70 5,366 218,51+8 712,391 15.731 1+6,827 1+20,832 21,798 27,516 957,251 63,798 1,835,963 113,112 1+57,880 4,719 2,936,739 175,670 269 3,515 11,083 275 1+00,335 Ui+,659 53,962 5l+,082 6,594,133 73,552 62,069 53,1+1+1+ 280,617 126,996 89,262 19,716 8,073 7,960 171,786 28,81+9 36,361 9,918 10,039 162,077 33,260 47,435 12,936 13,072 286,51+8 65,032 92,744 25,295 25,546 620,1+11 127,141 176,51+0 1+8,11+9 48,657 4,191 525 991+,1+Sl 274,378 264,136 102,062 93,335 1,296 387 31+s 137 123 524 2,880 272 620 959 — — 139,026 12,818 31,1+38 3,106 1+3,01+2 — 4,1+80 6,929 1,992 30,183 3,237 3,181+ 41+6,025 1,969,1+1+6 1+81,259 598,9^9 262,557 3,280 761 57,720 '3,958 75,157 1+.1+00 383,666 97,495 3,283 710,861+ ll+2,725 270,108 118,740 67,880 10,365 Rich. Atlanta 1+60,1+95 118,990 219,295 100,778 61,678 122,667 16,752 33,621 11,656 6,661 127,702 6,983 17,192 6,306 6,818 62,072 20,746 772,936 163,1+71 17,616 3,727 3,066,537 216,711 Cleve. 436,117 109,500 209,1+70 2l+,378 9,1+90 9,825 28,393 — 8,789 2,1+22 5,1+1+8 Chicago St.Louis 676,750 115,250 16,282 1,773 B-801b Minn. Kans.Cy. Dallas San Fran. 45,990 2,491+ 85,280 2,337 35,605152,763 1,210 8,803 87,617 36,815 161,566 80,391 22,312 13,81+6 19,015 19,119 14,516 6,1+1+2 1,626 27,226 19,679 3,133 1,985 793,102 11+2,1+68 61+,315 113,074 57,560 203,308 3,014 6,278 7,746 9.908 21,827 ;5»922 8li+,929 11+8,390 67,329 H 9 , 3 5 2 65,306 213,216 15,903 2,657 2,248 2,230 3,066 6,979 26,553 3,563 2,062 1,509 24,907 612 17,123 3,1+28 10,120 14,389 3,912 34,44-2 43,676 5,421 5 9 , 3 % 6,991 10,732 16,451 3,360 85,474 17,987 16,101 55»580 9,599 693,032 117,023 55,352 72,200 223,523 351,075 — 13,957 17,555 34,320 65,832 — 1+30,225 1+80 2,343 33,481+ 7,595 1,727 193,915 1,356,686 1+8,1+3!+ 17,263 11,759 12,688 15,112 24,812 29,549 18,020 10,1+63 20,1+57 54,763 56,420 4S,94O 124,923 3 90,810 15 982 15,998 3,285 1,135 — — 25,730 33,566 65,627 — 82,470 57,721 239 352 10 102 102 246 81,599 390 7,396 1,746 2,010 752 18,572 3,559 1,312 197 10,053 1,741 1,535 889 17,695 4,244 2,105 263,272 162,728 228,31+9 139,721 1+85,226 L I A B I L I T I E S F.R.notes in actual circulation Deposits: Member bank - reserve account Government Foreign bank Other deposits Total deposits Deferred availability items Capital paid in Surplus All other liabilities RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE B A M S ON MARCH 1, 1933 B-SOlc (In thousands of dollars) Minn. Kans.Cy» Dallas San Fran. Chicago St.Louis Total Boston New York phila. Cleve. Rich. Atlanta 798,264 287,893 382,847 3,579,522 215,877 1 5 3 . 3 ^ 95,279 113,199 42,684 156,250 126,601 2,038,22s 149,723 27,766 847 41,956 3,236 22 2,157,190 153,828 49,2*0 404,198 44,451 278,599 10,789 20,460 150,303 24,321 620 837,677 110,577 24,624 12,435 15,153 SS9,889 132,573 58,409 85,05s 5,253 TOTAL LIABILITIES 446,025 1,969,1+46 6,59^,133 Reserve ratio (per cent) 45.8 53.5 Contingent liability on "bills purchased for foreign correspondents 58.6 29,398 2,189 451 4,654 3^7 107,101 216 4,388 5,558 1+81,259 4o.5 9,^28 3,148 5M72 13,93^ 28*294 1*939 13M71 >+7,047 564 1,019 725 82,129 78 70,372 5,55^ 69,438 152 1,507 £,774 71,928 147,550 33,209 11,616 17,888 4,027 10,544 2,835 10,186 1,145 19,259 10,395 19,701 4,459 39,^97 3,009 ^9,355 7,040 2,866 7,019 1,169 83,964 4,690 77.871 16,410 263,272 162,728 228,349 139,721 485,226 57.0 870 870 2,099 6l,o44 71 1,729 3,590 116,029 117,263 66,434 31,573 15,935 29,242 587 287,050 920,23s 35,993 16 1,551 793 38,353 24,663 10,892 5,135 598,9^9 55.6 268,557 56.9 193,915 1+8.5 2,968 1,169 1,049 333,056 354 5,762 344,726 16,007 1,356,686 64.4 3,898 4,320 64.2 1,020 46.6 1,286 110 1,286 160 11,568 3,796 8,263 8,719 1,026 1,008 60.5 690 283 3,103 10,093 1,271 49.1 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.Bank by F.R.Agent Held by Federal reserve bank In actual circulation Collateral held by agent as security for notes issued to bank Gold and gold certificates Gold fund - F. R. Board Eligible paper U. S. Gov't, securities Total collateral 3,865,116 236,054 868,665 298,253 393,470 164,754 146,607 20,006 285,594 20,177. 70,401 10,360 10 ,.623 3,579,522 215,877 798,264 287,893 382,847 156,250 126,601 835,532 220, 117 7^,700 71,^70 2l,64o 14,720 1,3^5,^35 112,017 216, 000 3M00 138,000 75,855 ^3,000 1,032,589 60,430 35*+, 327 134,109 84,700 52,662 41,734 661,900 17,000 82, 000 55,000 100,000 15,000 47,500 3,875,456 236,457 872,444 298,609 39M70 165,157 146,954 Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 47,010 712,391 383,666 957,251 ^,719 Within 15 days 585,190 68,122 141,231 4,694 162,963 97,397 124,631 ^7,819 335,201 69,064 9.623 2,118 11,432 5,135 48,151 920,238 153,31+0 95,279 113,199 42,684 287,050 989,302 257,750 21,050 10,990 10,480 13,105 72,500 419,000 94,200 35,000 74,800 22,500 80,263 124,005 23,750 25,091 22,143 7,580 102,058 191,000 24,200 26,900 18,000 4,900 80,400 991,755 163,200 97,981 125,423 48,085 335,221 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to 31 to 60 days 6l to 90 days l6 to 30 days 6 months 43,672 43,Q02 9,842 28,255 110,198 128,883 930 75,533 89,601 215,697 25 33,750 165,625 Over 6 months 1,530 3H,3^7
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