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STATEMENT FOR THE PRESS Released for publication Friday morning, March 10; not earlier. B-S01 Federal Reserve Board March 9, 1933. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending March S, as reported "by the Federal reserve hanks, was $3,619,000,000, an increase of $1,03^000*000 compared with the preceding week and of $1,891,000,000 compared with the corresponding week in 1932. On March S total reserve "bank credit amounted to $3,6^4,000,000, an increase of $703,000,000 for the week. This increase is largely accounted for by increases of $818,000,000 in money in circulation and $26,000,000 in unexpended capital funds, nomember deposits, etc., and a decrease of $101,000,000 in monetary gold stock, offset in part by a decrease of $23^,000,000 in member bank reserve balances. Bills discounted increased $^92,000,000 at the Federal Reserve Bank of ITew York, $70,000,000 at Chicago, $39,000,000 at Cleveland, $25,000,000 at San Francisco and $702,000,000 at all Federal reserve banks. The System*s holdings of bills bought in open market increased $33,000,000, while holdings of United States bonds increased $5,000,000 and those of Treasury certificates and bills $39,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending March 8, 1933» were as follows: Increase or decrease since Mar. 8 1933 Mar. 1 1933 Mar. 9 1932 (In millions of dollars) Bills Bills U. S. Other discounted bought Government securities reserve bank credit l.UlU 1+17 1,881 -68 + 702 +33 + + 666 279 - - 9^ + 72 +1,096 TOTAL RESERVE B A M CREDIT Monetary gold stock Treasury currency adjusted 3.6UU b,2k3 1,913 + 70s - 101 2 +1,9^6 - 119 + 13S Money in circulation Member bank reserve balances Unexpended capital funds,nonmember deposits,etc 7,53s 1,800 kS2 + sis - 23s +26 +1,993 - 110 + SI Released for publication Friday morning, March 10,1933; not earlier. B-SOlc RESOURCES A2TD LIABILITIES 0? THE TWELVE FEDERAL RESERVE BAEXS COMBINED (in thousands of dollars) March 8,1933 March 1,1933 March 9, 1932 R E S O U R C E S Gold with Federal reserve agents . . . 1,931,656 Gold redemption fund v/ith U.S.Treasury . 133,309 2,130,967 S7,495 2,26s,462 325,672 237,9^9 2,S92,0S3 174,454 3,066,537 o7,SS0 2,092,347 53,83^ 2,146,131 322,321 490,918 2,959,^20 207,369 3,167,239 76,144 413,921 293,470 712,391 383,666 397,3^0 350,639 7^7,979 137,584 318,717 33,797 332,609 3,717,350 3,615 12,719 344,518 54,029 54,555 420,332 457,380 957,251 1,335,963 4,719 2,936,739 3,515 11,033 400,335 53,962 54,032 735,123 9/497 1,630,183 8,613 13,65s 356,634 57,824 39,035 7,044,647 6,59^,133 5,399,380 4,215,006 3,579,522 2,617,381 1,799,762 27,643 49,175 64,642 1,951,222 1,909,586 150,120 27s,599 27,399 2,033,228 27,766 41,956 49,240 2,157,190 4O4,19S 150,303 273,599 24,321 7,044,647 6,59^,133 5,399,380 Gold held exclusively against F.R.notes 2,069,965 Gold settlement fund with F.R.Board . 27S,5^7 Gold and gold certificates held by banks 335,027 Total gold reserves Reserves other than gold Total reserves ]?on-re serve cash Bills discounted: Sec. by U.S. Government obligations . Other bills discounted ... 2,683,539 125,^32 2,SOS,971 Us,390 982,188 431,74s Total bills discounted . . . 1,413,936 Bills bought in otien market 417,289 U. S. Government securities: Bonds 425,313 Treasury notes 459,015 Certificates and bills 996/466 Total U.S.Government securities 1.SS0.79U Other securities 5,831 Total bills and securities . . . Dae from foreign banks F. R. notes of other banks Uncollected items Bank premises All other resources TOTAL RESOURCES 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 deoo'sits . . . . Deferred availability items Capital paid in Sur-olus All other liabilities TOTAL LIABILITIES .... Ratio of total reserves to deposit and F. R. note liabilities combined . . Rediscounts between F. R. banks . . . Contingent liability on bills purchased for foreign correspondents . . . . 421,201 45.6/o 210,000 53.5$ 2S.051 29,393 — 47,107 13,464 19,001 1,989,158 347,564 155,335 259,421 29,471 63.3 <5 — 317,H3 RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BANKS OF MARCH 8, 1933 (In thousands of dollars) B-801b Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 1,931,656 123,027 403,446 110,500 166,470 104,795 69,170 491,235 101,535 50,690 96,280 52.245 162,263 Gold redemption fund with U.S.Treas. 138,309 Ml7 45,248 10,313 13.^55 5.101 3,855 35.216 1,770 2,787 3,827 1,205 10,915 Gold held exclusively against F. R. notes 2,069,965 127,61+4 4*48,69!+ 120,813 179,925 109,896 73,025 526,1+51 103,305 53,1+77 100,107 53,^50 173,178 Gold settlement fund with F.R.Board 278,51+7 15,332 20,950 19,125 28,868 14,545 17,79^ 57,891 25,011 13,062 17,961 25,536 22,1+72 Gold and gold certif. held by tanks 335,027 17,173 227,967 8,1^+9 17,590 3,^26 4,351 17.3^1 1.253 1.182 6,630 2,895 27,070 Total gold reserves 2,683,539 l60,ll+9 697,611 148,087 226,383 127,867 95,170 601,683 129,569 67,721 124,698 81,881 222,720 Reserves other than gold 125,1+32 13,847 37,988 19,306 5,250 6,1+1+5 3,000 l6,848 6,601 1,998 1+,310 3.^7 6,392 R E S O U R C E S Total reserves 2,808,971 173,996 !Ton-re serve cash 48,390 2,739 Bills discounted: Secured by U.S.Govt, obligations -982,188 7,153 Other bills discounted 1+31,74-8 ll,52i+ 735.599 167,393 231,633 13U.312 98,170 11,063 2,631 2,777 2,383 2,248 619,91+9 152,813 83,985 58,91+3 71,675 31,041 1+7,1+76 24,589 9,636 31,029 80,910 32,607 11,937 3.366 10,899 20,1+65 55,630 22,064 40,665 19,39^ U3.517 98,433 15.303 19.538 14,835 17,692 9,918 56,513 54,150 12,936 105,877 25,295 216,540 48,149 10,142 13,065 50,545 65,650 85.73^ 264,010 13,955 17,555 3^,322 415,39^ 65,832 Total bills discounted Bills bought in open market U» S, Government securities: Bonds Treasury notes Certificates and bills Total U.S. Govt, sectirities Other securities Bills rediscounted for, or with (-), other F. R. banks 1,413,936 417,289 18,677 63,083 ^25,313 ^59,015 996,466 1,880,79^ 5,831 36,799 27,516 63,797 128,112 — 126,338 l4l,926 247,147 515,411 5,103 20,000 -210,000 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other resources 3.717.850 229,872 1,162,912 284,917 371,325 125,843 134,011 3,615 269 1,395 388 3I+S 137 123 12,719 285 2,455 250 929 881 7*+6 344,518 28,055 151,125 18,590 18,698 25,058 9,457 5M29 3.280 12,818 3.173 6,929 3.237 2,422 54.555 1,282 27,905 4,504 2,248 3,156 5,368 TOTAL RESOURCES 772,762 142,928 119,151 79,636 14,323 10,634 28,84s 33,260 65,033 127,l4l 525 — 618,531 136,170 69,719 129,008 11,555 3.5&S 1,515 1.659 — 25,000 — 73.752 200 — — 150,000 — 3.936 10,1+18 85,328 229,112 2,233 Ml9 50,321 33,238 30,083 9.041 1,227 4,799 6,026 3,25s 17,310 12,762 24,808 16,089 16,082 29,549 18,020 10,463 20,457 25,731 33.566 65,626 54,880 61,720 48,940 124,923 3 — — 83,559 60,193 — 15,000 777,3^ 115.673 ^80 15 3,907 1,124 21,049 27,005 7,595 3,285 1,825 1,117 87,1+10 101,644 10 102 440 537 8,659 12,667 1,7^6 3.559 2,222 1,286 58,224 268,675 102 246 228 937 9,017 15.138 1.7*41 ^.244 1,624 2,018 7,044,647 439,778 2,105,272 481,846 634,887 295,007 252,545 1,442,286 287,957 171,721 250,462 158,497 524,389 L I A B I L I T I E S Total 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 A2ID LIABILITIES OF THE FEDERAL RESERVE B A M S ON MARCH S, 1933 (in thousands of dollars) B-801c Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 4 , 2 1 5 , 0 0 6 242,827 969,626 300,271 423,218 196,152 158,045 1,113,258 174,366 112,949 i4s,34o 1,799,762 124,130 752,171 37,643 ^9,175 64,642 1,951,222 421,801 150,120 278,599 27,899 58 3,236 56 127,480 37,228 10,775 20, 4b0 1,008 102,718 134,323 61 1U7 11,007 4,654 4,388 19,655 423 18,069 M38 80b,902 107,856 1 4 2 , 9 9 6 179.381 28,026 24,4o4 58,403 15,845 13,93^ 85,058 29,242 28,294 60S 2, o4i 5,902 45,278 i4o 36,02s 1,729 1,551 2,190 64,952 11,493 4,620 4,580 51,727 24,927 5,135 11,616 5,^50 25,183 10,544 2,891 TOTAL LIABILITIES 7,044,647 439,77S 2,105,272 481,846 634,887 295,007 252,545 Reserve ratio . (per cent) 45.6 47.0 4l.4 4l,0 44.0 5^.2 40.9 Contingent liability on bills pur2,968 1,169 1,050 chased for foreign correspondents 28,051 2,189 8,081 3,l4g 54,617 321,337 57,694 36,703 69,214 7^,^97 133,389 48 ill 62 16 202 If 020 1,285 1,285 1,507 3,103 1,462 14,552 2 H 11,197 1,51^ 73,815 39,285 72,072 76,071 1^7,891 24,119 8,554 16,677 13,55^ 23,7^7 3,796 10,395 4,320 4,023 2,867 7 >019 8,263 8,719 19,701 10,186 1,047 1,087 1,7^ 1,318 1,151 1,442,286 287,957 171,721 250,462 158,497 524,389 227,617 608 5,762 6,188 240,175 29,691 16,007 39,^97 3,658 ^5.7 3,89s 5 M 1,019 45.8 690 58.5 65.3 870 870 48.8 2*099 FEDERAL RESERVE MOTE STATE£ETT Federal reserve notes: Issued to F.R.Bank by F.R.Agent 4,550,680 267,175 1,069,309 313,867 434,762 206,11s 190,854 1,159,05s 180,26s 115,493 173,036 Held by Federal reserve bank 335,674 24,348 99,683 13,596 11,544 9,966 32,809 45,800 5,902 2,544 24,696 4,215,006 242,827 In actual circulation Collateral held by agent as security for notes issued to bank Gold and gold certificates 805,571 47,010 Gold fund - F. R. Board 1,126,085 76,017 Eligible paper 1,75^,975 99,137 U. S. Gov't, securities 886,400 47,000 Total collateral 274,235 217,000 357,^02 625, 270 144,870 152,179 75,798 51,803 312,000 4i,000 62,000 120,000 26,000 73,500 4,573,031 269,164 1,069,716 317,370 438,649 206,593 1 9 M 7 3 1,160,637 Total Bills discounted Bills bought in open market Certificates and bills Munrcroal warrants 61,761 378,979 7,144 57,642 969,626 300,271 423,218 196,152 158,045 1,113,258 174,366 112,949 148,340 5^,617 321,337 1,^13,936 417,289 996,466 5,631 138, 446 7^,700 7^,^70 37,790 20,170 265, 000 35,800 92,000 67,005 49,000 Within 15 days 1,222,083 88,645 146,786 5,555 24,835 76,700 45,598 34,000 181,133 16,190 34,500 30,733 37,900 119,373 MATURITY DISTRIBUTIOF OF BILLS AKD SHORT TERM SECURITIES 91 days to 16 to 30 days 31 to 60 days 61 to 90 days 6 months 74,154 61,312 46,290 8,312 123,946 141,262 62,215 1,221 204,117 144,945 58,750 130,525 51 25 10,480 15,245 72,000 85,800 37,000 90,263 33,1^3 8,138 130,354 2,000 86,000 45,000 1 7 ^ 2 3 62,383 3 7 9 , 1 1 7 Over 6 months 1,785 311,3*+3
@FedFRASER