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STATEMENT FOR THE PHHSSS B-801 Federal Reserve Board May 10, I93U. Released f o r publication Friday morning, hay 11; not e a r l i e r , CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank c r e d i t outstanding during the we& ended May 9f reported by the Federal Reserve banks, was $2,484,000,000, a decrease of $6,000,000 compared with the preceding week and an increase of $136,000,000 compared with the corresponding week in 1933* On 1% 9 total Reserve bank c r e d i t amounted to _$2,UsU,000,000, unchanged from l a s t week. An increase of $108,000,000 in member bank Reserve balances was o f f s e t by decreases of $79,000,000 in Treasury ca^i and deposits with Federal Reserve banks, $23,000,000 in nonmeipber deposits and other Federal Reserve a c counts and $7,000,000 in money in c i r c u l a t i o n . The System's holdings of b i l l s disccctnted and of b i l l s bought in open market declined $1,000,000 each, and of United States Treasury notes $6,000,000, while holdings of Treasury c e r t i f i c a t e s and b i l l s increased $6,000,000. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended May 9> 193^* w ^re as f o l l o w s : Increase or decrease since May 9 May 2 May 10 ( i n millions of d o l l a r s ) Bills Bills U. S. Other discounted bought Government s e c u r i t i e s Reserve bank c r e d i t 37 7 2,432 9 - 1 - l — + 3 -3OI -106 +595 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and National bank currency 2fk&k 7#756 2,380 — — - 1 +187 +3i730 +77 Money in c i r c u l a t i o n Member bank reserve balances Treasury cash and deposits with F. R. banks Nonmember deposits and other F.R.accounts 5>352 3,678 3,098 U92 - 7 +108 -79* -23* -253 +li5#9 +2,699 - Hi •May 2 figure® revised. See on consolidated statement Released f o r publication Friday morning, May 11,193^• &ot e a r l i e r « B-gOla ASSETS AMD LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) May 9, 19ft May, 2, 19,ft May 10, 1933 4,586,500 958,860 2,425,641 57,633 315.91P 3.758.044 ASSETS 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 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 s e c u r i t i e s : 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 premisesFed. Dep. Ins. Corp. stock A l l other assets U,585,034 — 30,631 234,299 4,849,964 5,791 31.1^ 232.267 4,849,911 6,022 6,277 30,297 7,388 30.924 36,57^ 6,656 38,312 8,279 407,860 1,237,089 786.869 2,431,81s 407,858 1,242,591 781,370 2,431,819 7^7 2,475,795 3.13^ 16,260 406,394 52,569 139,299 45,581 2,479,157 3.131 16,846 456,805 52,569 139,299 44.668 U.518 72,082 266.159 338,241 112,607 421,595 588,922 826.676 1,837,193 5,464 2,293,505 3,662 17,637 316,398 54,250 — 44.490 8,048,408 6,492,504 3.059.927 66,252 3.058.777 70,208 3,3^9,753 62,835 3,677.863 60,115 6,915 249,983 3.99M76 401,661 146,279 138,383 3.570,283 142,776 6,585 273.765 3.993.^09 454,807 146,300 138.383 2,089,115 42,467 23,021 154.938 161,831 25.578 A l l other l i a b i l i t i e s . . . . . . . . TOTAL LIABILITIES . . . . . . 7,99^,787 Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . 68.7$ Contingent l i a b i l i t y on b i l l s purchased 4,002 for foreign correspondents . . . . . 161,831 24.693 8,048,408 12,205 12.996 6,492,504 TOTAL ASSETS L I A B I L I T I E S F. R. notes In actual circulation . . F. R. bank note cltt&Lation - net Deposits: Member bank - reserve account . . . U.S.Treasurer - General account* Foreign bank Other deposits . . • . . . . • • • • Total deposits Deferred a v a i l a b i l i t y items CapitalT)aid in . . Surplus . . . . . . . . • « . . « • * Reserves (F.D.I # C. stock, s e l f i n - 68.8$ 4,261 2,309,5^1 316,3^6 150,229 278,599 66.4$ 41,340 ^Caption changed from "Government" to "U. S. Treasurer - Genera! account" and $100,000,000 included in Government deposits on May 2 transferred to "Other deposits," ASSETS AND LIABILITIES 01 THE FEDERAL RESERVE BAMS Oil MAY 9, 193* (In thousands of d o l l a r s ) ASSETS Total Boston New York P h i l a , Cleve. Rich. Atlanta Chicago St,Louis B-801b Minn. Kans.Cy. Dallas San Frai Gold c e r t i f i c a t e s on hand and due from U. S. Treasury Redemption fund - F.R. notes Other cash 4,585.034 385.357 1,502,410 263,831 353.111 210,973 126,802 934,687 188,621 97,879 1*9,579 1,162 6,841 1,125 30,631 1,966 3,051 3,073 797 3.27* 1.3*3 2,517 9,388 11,254 10,05* 63,004 35.373 12,439 ,9,074 11,605 _ 35.164 234,299 16,815 Total reserves 4,849,964 404,689 1,567,410 302,255 368,623 220,844 141,681 976.692 199,13* 110,476 160,795 — — Redemption fund - F.R. "bank notes 5,791 250 2,096 85s i,a5 13* B i l l s discounted: Sec. by U.S.Govt, obligations 10 16 156 278 3,544 228 1,229 505 6,277 131 Other b i l l s discounted 263 748 12,366 487 1,150 10,970 1,431 623 30,297 1,127 63 Total b i l l s discounted 263 1,026 1,258 851 1,166 219 15.910 12,199 497 36.57* 1,936 B i l l s bought in open market 224 106 6,656 456 243 633 578 170 798 2.275 173 U.S.Government s e c u r i t i e s : Bonds 407,860 22,989 66,780 13.663 15.762 1*.799 148,619 25,603 30,247 1*,709 12,542 Treasury notes 1,237,089 82,218 394,084 86,788 111,570 5*.238 45.152 216,766 48,551 jp.*05 48,006 C e r t i f i c a t e s and b i l l s 239,052 54,729 71,208 34,616 28,817 786,869 52.473 148,797 30,986 19. *o* 30,639 Total U.S.Govt, securities 2,431,818 157,680 432,343 93.200 65.571 93.*** 781,755 167.120 a3,025 103,563 86,311 — Other securities 40 —«« 200 7*7 -507 — — — Total b i l l s 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 2,475,795 159,162 237 3,13* 16,260 312 406,394 44,288 3.224 52,569 10,230 139,299 45,581 877 799,980 180,456 215,539 105,064 342 301 1,197 119 486 864 1,487 4,725 101,315 30,735 38.100 35.053 4,133 6,788 11,434 3.128 5,808 14,621 14,147 *2.529 29.261 4,618 1,456 1.979 87.586 109 998 13.021 2,372 5.272 2,600 *3*,307 4l4 3,044 56,044 7,382 19,7*9 1,057 91,294 280,460 627 4,855 6,559 13,570 98,480 298,885 764 474 18 277 162 792 295 451 95* 552 18,729 32,196 20,550 23,618 87,115 55.598 71,475 166,331 — 93,592 10 864 18,276 3.121 5,093 328 66,17* "93.877 88 7 1,028 369 11,2*9 22,396 3,485 1.657 3.510 4,131 502 1.199 72,221 167,837 88 222 248 1.835 13,957 21,960 4,090 1.755 9.850 *.359 1,036 668 7.994,787 623,269 2,559.9*7 538,504 647,033 373,482 253,639 1,498,689 320,552 194,641 286,302 192,618 506,111 ASSETS JOT) LIABILITIES OF THE FEDERAL RESERVE BANKS OH MAY 9. 1934 ( I n thousands of d o l l a r s ) L I A B I L I T I E S Total Boston 3,059,927 244,475 6£,252 1,658 Hew York P h i l a . 633,817 246,060 41,079 6,621 Cleve. Rich. Atlanta 3 0 7 , 3 6 9 142,542 132,043 12,600 — -- F.R.notes in actual c i r c u l a t i o n F.R.barik note c i r c u l a t i o n - net De-oosits: Ifa^er bark - reserve account 3,677.^63 292,325 1,457,308 192,464 228,785 l 6 6 , 6 6 l U.S. Treasurer - General account $0,115 3,080 22,220 2,870 5.3*6 1,743 T?orei™ bank 6,915 448 2,842 648 598 237 other "depo s i t s 249,083 4,401 139.272 l 4 , l 4 9 11,218 10,731 Total deposits Deferred a v a i l a b i l i t y items Capital "paid in Surplus Reserves (F.D.I.C. stock, s e l f surance, e t c . ) A l l other l i a b i l i t i e s 3,994,876 300,254 401,6bl 44,562 146,279 10,693 138,383 9,610 in161,831 11,283 25,578 734 ,642 210,131 245,917 179.372 99.437 29.023 37,268 34,30b 59.71S 15,520 12,643 4,968 45,217 13,352 14,090 5,171 l,62L 47,266 14,771 17,121 676 16,447 699 6,963 l60 B-SOlc Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 777.663 134,962 9 6 , 4 0 5 106,767 3 9 . 3 9 6 201,428 -1,188 — — 2,843 263 78,406 1,632 218 11.2S 584,458 130,637 11,869 2.441 785 206 9.655 17.275 66,820 139,122 114,712 226,165 122 929 1,709 6,184 143 174 174 442 9.119 4,605 1,570 16,760 91.484 12,356 4,372 5,145 606,767150,559 54,947 1 8 , 6 a 12,537 4,031 20,681 4,756 76.204144,330118,165249,551 a , 9 6 5 1 5 . 6 9 5 22,687 1 0 , 7 9 ^ 3,008 10,685 3 . 9 4 7 4 , 1 5 7 3.42) 3 . 6 8 3 9 , 6 4 5 3.613 7,851 38S 22,718 3,376 5,946 489 223 3,400 11,465 387 TOTAL LIABILITIES 7.994,7^7 623,269 2,559.947 53s,504 647,033 373,482 253,639 1,498,689 320,552 194,641 286,302 Ratio of t o t a l reserves to deposit and F.P.note l i a b i l i t i e s combiiaed 68.7 74.3 69.6 66.3 66.6 68.6 63.4 7O.5 69.7 64.0 63.9 Contingent ' l i a b i l i t y on b i l l s p u r chased f o r f o r e i g n correspondents 4,002 309 1,192 447 413 163 151 541. 142 99 120 192,618 506,111 4 . 5 3 5 275 4 , 7 4 7 5 . 4 8 9 62.5 66.3 120 305 MATURITY DISTRIBUTION OF BILLS AI© SHORT TERM SECURITIES Total E i l l s discounted B i l l s bought irr open market C e r t i f i c a t e s and b i l l s Municipal warrants 36,574 6,656 786,S69 547 Within 15 days 2 4 , 9 5 0 2,218 4 3 . 9 7 5 499 16 to 30 days 2,813 191 31 to 60 days 5 . 7 7 7 4 3 7 130,466 5 61 to 90 days 2,460 3,810 17.725 91 days to 6 months 3 3 0 367,524 - 3 5 Over 6 months 244 2 2 7 , 1 7 9 FEDERAL RESERVE NOTE STATEMENT ON MAY 9, 193^ (In thousands of d o l l a r s ) Total f e d e r a l Reserve notes: Issued to F.R.bank "by F.R.Agent 3,^5,138 285.211 Held by Federal Reserve tank In actual circulation 3,059,927 Collateral held by a^ent as s e curity f o r notes issued to "bank: Gold c e r t i f i c a t e s on hand and due from U. S. Treasury 3,013,771 E l i g i b l e paper 18,875 349,300 U. S. Govt, securities 3,381,946 Total c o l l a t e r a l Boston New York Phila. Cleve. Rich. Atlanta B-S01d Chicago St.Louis Minn. Kans.Cy. Dallas San Fran 264,679 72s,393 262,007 320,871 151.827 151,11s 818,825 140,255 101,076 114,007 44,l48 247,932 41,162 5.293 M71 7.240 4,752 46,504 244,475 630,817 246,060 307,369 I42,542 132,043 777,663 13^,962 96,405 106,767 266,117 733.706 214,000 261,931 152,3^0 9,494 3,517 1,223 731 747,513 132,936 75.115 97.290 44,675 193,763 6o4 730 314 261 146 177 — 58,000 75,000 8,000 26,300 20,000 822,827 1^1,197 101,561 117,^67 45,279 252,493 20,204 1.020 267,137 97,576 15.9^7 13.502 9,285 19.075 9^,335 658 45,000 60,000 — 57.000 7^3.200 262,517 323,15^ 153.071 152,043 35,396 201,428 FEDERAL RESERVE BAFK NOTE STATEMENT ON MAT 9, 1934 (In thousands of d o l l a r s ) Federal Reserve bank notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank In circulation - net* Total Boston New York Phila. Cleve. 81,939 15,687 2,411 753 66,252 1,658 41,079 9 107,77*+ 5,000 44,274 107,783 5,000 44,274 16,500 15,000 Rich. Atlanta 43,030 16,035 12,935 1,951 9M* 335 Chicago St.Louis Minn. ICans.Cy. Dallas San Fran 1,53^ 346 3,540 2,454 2,843 263 697 2,191 6,621 12,600 -- 1,188 16,500 15,000 — 5,000 7,000 15,000 5,009 7,000 15,000 Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Govt, securities Total 9 •Does not include $93,360,000 of Federal Reserve bank notes f o r the retirement of which Federal Reserve banks have deposited lawful the Treasurer of the United States. money with
@FedFRASER