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STATEMENT FOE THE PHESS B-S01 Federal Reserve Board May 11, 1933 Released for publication Friday morning, May 12; not earlier. OOHDI'TIOH OF FEDERAL RESERVE BARKS The daily average volume* of Federal reserve "bank credit outstanding during the week ending May 10, as reported "by the Federal reserve banks was $2,3^8,000,000, a decrease of $83,000,000 compared with the preceding week and an increase of $^53,000,000 compared with the corresponding weak in 1932. On May 10 total reserve bank credit amounted to $2,297000,000, a decrease of $99#000,000 for the week. This decrease corresponds with decreases of $62,000,000 in money in circulation and $5,000,000 in unexpended capital funds, nonmember deposits, etc*, and an increase of $87,000,000 in Treasury currency, adjusted, o f f s e t in part by an increase of $55»000,000 in member bank reserve balances. B i l l s discounted decreased $35,000,000 at the Federal Reserve Bank of San Francisco, $12,000,000 at Hew York, $6,000,000 at Cleveland and $62,000,000 at a l l Federal reserve banks. The System's holdings of b i l l s bought in open market decline* $31,000,000, while holdings of United States Government securities show practically no change for the week. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending May 10, 1933» w e r e a s follows: XncTJ5*\*9. Q£ decrease since May 10 19?? May 3 -2221 May 11 1932 (in millions of dollars) Bills Bills U. S. Other discounted 'bought Government securities reserve bank credit TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted Money in circulation Member "bank reserve balances Unexpended capital funds,nonmember deposits,etc 338 113 - 62 - 133 + ^52 - 62 + k6l + 55 5 + 105 - 31 1.S37 9 - 2,297 - 99 1,905 + 87 U,313 + 70 10 + 1 - 55 Released for publication Friday morning, May '12,1933? not e a r l i e r . B-301a RESOURCES ASD LIABILITIES OF THE TWELVE FEDERAL RESERVE 3AMS COMBINED (in thousands of dollars) May 10,1933 May 3,1933 May 11, I932 RESOURCES Gold with Federal reserve agents . . . . Gold redemption fund with U.S.Treasury ' 2,706,759 57,633 2,665,104 2,219,609 Gold held exclusively against F.R.notes Gold settlement fund with F. R. Board . Gold and gold c e r t i f i c a t e s held by banks 2,7^,392 3^1,26g 336,^ 3,442,134 2,727,604 3M38 2,254,447 335,320 Total gold reserves . . . Reserves other than gold Total reserves . . . . Hon-reserve cash Redemption fund - F. R. bank notes . . . B i l l s 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 securities: Bonds Treasury notes Certificates and b i l l s . Total b i l l s and securities Dae from foreign banks F. R. notes of other banks Uncollected items Bank premises All other resources . . . . . , TOTAL RESOURCES . . . . 321,318 386,64s 3,^35,570 218,764 366,650 3,657,728 3,65^33^ 100,316 93,551 4,51s 3,618 2,956,417 207,733 3,164,150 77,209 72,0S2 266,159 33S,2kl 112,607 97,976 190,555 302,126 400,102 144,152 >+71,373 ^2,719 ^21,595 588,922 421,576 5SS.972 826,730 346,147 •'-53,740 885,380 1,S37,193 5,464 2,293,505 3,662 17,637 1,837,27s 1,335,267 5,641 2.3S7.173 5,0^2 ..S15...59U 826,676 Total U.S. Government securities Other securities . . . . . 62,500 316,39s 54,250 3,656 19,^71 337,157 54,250 280,818 1,904,401 4,699 14,99^ 354,536 44,490 44,673 58,082 37,519 6,492,504 6,597,883 5,615,640 3,349,753 3,395,369 2,551,363 2,089,115 42,467 23,021 86,045 18,354 50,539 2,309,541 316,346 150,229 278,599 25,231 2,033,939 144,406 27,272 80,512 17,461 56,511 2,360,101 331,621 150,187 278,599 25,947 2,144,373 51,075 44,177 33.350 2,272,975 344,SS4 154,806 259,^21 32,191 6,492,504 6,597,883 5,615,64o L I A B I L I T I E S 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 l i a b i l i t i e s TOTAL LIABILITIES . . . . 62,805 56,059 Ratio of total reserves to deposit and R. note l i a b i l i t i e s combined . . . 64.6$ 63.5$ 65.6$ Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents • • • • • • 4i,34o 42,189 270,741 RESOURCES AM) LIABILITIES OF THE FEDERAL RESERVE BA1TKS OH MY 10, 1933 (In thousands of dollars) Total Boston Hew York Phila. CleVe. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Gold with Federal reserve agents 2,706,759 200,219 638,546 171,000 201,970 l48,S60 88,700 814,337 124,645 53,726 85,290 Gold redemption fund with U.S.Treas. 57,633 5,390 9,898 796 J,66k 2,264 3,621 6,846 1,612 2,1+36 3,021 Gold held exclusively against 821,183 126,257 56,162 88,311 648,444 175,796 209,634 151,124 92,321 F. R. notes 2,761+,392 205,609 7,984 69,912 21,996 15,322 18,998 Gold settlement fund with F.R.Board. 31+1,268 16,391 84,534 13,371 18,072 22,107 2,104 4,911 6,212 1,784 13 ,.955 199,421 16,622 25,005 Gold and gold c e r t i f . held "by hanks 336,1+74 21,667 12,255 903,350 150,357 73,268 121,264 Total sold reserves 3,Ul+2,13l+ 21+3,667 932,399 205,739 252,711 178,142 106,517 3,469 68,432 21,373 18,314 n , i 4 s 7,772 30,493 7,871 Reserves other than gold 3,187 215,59* 15,987 3,657,728 259,651+ 1,000,831 227,162 271,025 189,290 li4,289 933,343 158,826 76,455 129,135 Total reserves 100,316 6,36s 16,53s 6,046 2,105 3,259 4,015 ITon-re serve cash 4,253 7,456 29,519 5,351 100 26 100 1,000 1,000 1,600 250 292 — 50 Redemption fund - F.R."bank notes 4,518 B i l l s discounted: 260 1,245 72,082 4,822 Secured by U.S.Govt, obligations 31,921 9,096 14,712 1,113 2,262 3,89* 997 12,1+57 2,266 266,159 47,02s 58,344 G,OO4 37,022 Other b i l l s discounted 17,819 19,*37 9,996 12,079 3,264 13,702 338,241 14,818 Total b i l l s discounted 3,263 73,949 46,llS 73,056 18,932 21,695 15.973 1,264 B i l l s bought in open market 6,721 112,607 24,399 4,255 5,*75 1,883 27,127 2,911 3,215 17,985 U. S. Government securities: 188,224 30,911 36,364 Bonds 39,903 13,957 17,254 12,559 9,915 10,050 421,595 19,739 Treasury notes 588,922 32,261 232,514 *6,707 61,633 16,810 16,975 67,627 22,809 16,489 19,637 826,676 41,112 309,63b 59,523 78,5*3 21,424 21,633 149,021 29,066 21,010 25,024 Certificates and b i l l s •Total U.S.Govt, securities 256,551 65,832 5*.753 57,220 730,37* 137,1*1 176,540' 43,149 48,658 1,837,193 93,112 — — 50 5,464 4,782 — — Other securities 107 — 525 — RESOURCES Total b i l l s and securities Due from foreign banks F.R.notes of other banks Uncollected items Bank premises All other resources TOTAL RESOURCES 2,293,505 132,329 280 3,662 221 17,637 316,398 3*,319 5*,250 44,490 3,280 796 332,090 186,695 252,811 68,345 77,078 128 403 362 1,352 1*3 426 1,368 931 5,367 933 88,675 22,046 28,819 28,559 8,783 12,818 21,745 3,337 3,805 6,929 1,957 3,237 3,160 2,422 5,102 B-801b Dallas San Fran. 23,203 156,263 1,415 8,670 24,618 164,933 10,008 5,95* *2,573 26,584 40,530 234,090 6,994 15,55* 47,574 249,644 4,507 10,899 100 — 901 5,239 359 36,413 6,190 37,277 520 16,852 16,990 25,729 11,848 43,612 15,102 55,582 43,940 124,923 — 299,701 73,350 68,599 72,805 50,650 179,052 16 106 256 11 106 499 2,606 1,506 272 1,667 627 1,713 37,801 13,955 8,471 17,925 10,913 16,127 7,601 3,285 1,746 3,559 1,792 4,244 1,294 874 1,829 1,088 1,367 l»*73 6,492,504 1+38,21+7 1,993,997 448,181 568,872 297,920 216,291+ 1,300,383 257,953 159,869 229,640 117,281 1+63,362 RESOURCES A1TB LIABILITIES OF THE FEDERAL RESERVE BAMS OH MY 10, 1933 (In thousands of dollars) B-SOlc L I A B I L I T I E S Total F.R.notes in actual circulation 3,3^9,753 F.R.bank notes in actual circulation 62,805 J-IWJJU ax OB: Member bank - reserve account 2,089,115 Government 42,467 Foreign bank 23,021 Special deposits: member ban.1' 26,045 nonmember bank is,35^ Other deposits 50,539 Total deposits Deferred availability items Capital paid in Surplus All other l i a b i l i t i e s TOTAL LIABILITIES Reserve ratio (per cent) Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents Boston 224,588 9,67S 126,883 l,4o4 1,814 2,987 New York Phila. Cleve. — 2,309,5^1 316,346 150,229 278,599 25,231 6,492,504 64.6 4,s4o 137,928 34,102 10,767 20,460 724 438,247 71.6 961,336 13,212 6,473 5,619 1,517 13,656 1,001,813 86,325 58,497 85,05s 7,09s 1,993,997 57.9 112,428 3,24s 2,609 6,764 1,655 308 127,012 21,529 15,800 29,242 1,048 448,181 60.5 133,^06 4,617 2,46o 1^,490 945 6,0b4 160,922 2S,445 13,892 28,294 2,84c 568,872 55.0 41,340 3,012 13,862 '4,332 4,085 — Rich. Atlanta 725,744 248,273 331,501 170,342 133,254 926 29,462 5.217 2,910 Chi cago St.Louis — 63,9^1 42,582 271,376 64,622 4,651 1,671 3,590 1,261 845 869 969 3,230 6,481 6,902 29,160 3,261 5,592 3,628 1,730 375 M34 3,076 3,515 5,152 80,845 55,065 317,524 79,179 3S, 4oo 15,739 22,197 3,979 5,452 4,605 15,577 4,o4l ll,6l6 10,544 39,^97 10,126 1,46c 2,921 3,396 1,176 297,920 216,294 1,300,383 257,953 78.4 70.1 60.7 75.^ 1,444 1,609 Mi nn# Kans.Cy. Dallas San Fran. 873,090 147,5^3 9^,335 117,350 38,224 244,244 44l 4oi 420 39 13,3H 5,364 1,403 39,891 1,245 571 1,177 2*138 1,065 46,087 S,l4i 2,824 7,019 1,062 159,869 54.4 73,863 1,000 721 5,260 184 394 81,422 17,292 4,247 8,263 625 229,640 65.0 949 1,196 49,347 149,44o 1,216 5,352 721 1,739 299 4,645 590 615 7,720 52,19S 169,486 12,292 16,707 3,SS5 10 ,'642 2,719 19,701 CC^ 1,932 117,281 463,362 52.2 60.3 — 1,196 2,882 MATURITY DISTRIBUTION OF BILLS AHD SHORT TERM SECURITIES To tal B i l l s discounted B i l l s bought in open market Certificates and "bills Municipal warrants 33S,2Ul 112,607 826,676 5,3+614- Within 15 days 215,315 75,017 95,500 5,201 16 to 30 days 22,711 22,705 70,750 51 31 to 60 days 28,606 3,819 120,975 152 6l to 90 days 6^,701 5,016 72,100 10 91 days to 6 months 6,55S 50 297,372 50 Over 6 months 350 169,979 FEDERAL RESERVE 170TE STATEMENT ON MAY 10, 1933 ( i n thousands of dollars) Total Boston federal reserve notes: Issued to F.R.Bank "by P.R.Agent 3,613,316 237,905 263,563 13,317 Held "by Federal reserve bank In actual circulation 3,349,753 224,538 Collateral held "by agent as security f o r notes issued to "bank: Gold and gold c e r t i f i c a t e s 1,379,924 70,202 Gold fund - P. R. Board 1,326,335 130,017 Eligible paper 292,311 22,400 U.S. Gov't, securities 633,400 17,500 Total collateral 3,632,970 240,119 Hew York Phila. Cleve. Rich. Atlanta 310,863 264,281 344,382 172,239 15^,370 35,119 l6,00S 12,881 7,397 21,116 725,744 248,273 331,501 170,342 133,254 423,446 215,100 66,756 106,000 311,302 94,050 76,950 23,622 70,000 2.64,622 86,470 115,500 48,825 100,000 350,795 43,355 100,505 13,289 13,000 130,149 21,700 67,000 21,312 45,000 155,012 B-BOld Chicago St.Louis Minn.Kans.Cy. Dallas San.Fran, 915,301 158,976 93,360 127,149 41,054 231,936 42,711 11,428 4,025 9,799 2,170 37,092 373,090 147,54s 94,335 117.350 33,384 244,844 430,337 41,945 23,726 20,490 18,703 4,500 334,000 32,700 25,000 64,300 6,096 11,310 3,648 6,213 37,708 CC v-,oJ 29,000 33,900 35,000 13,000 918,045 159,741 93,936 123,933 42,421 • J J 95,500 60,763 26,627 100,000 232,390 FEDERAL RESERVE BA1E NOTE STATEMENT O ' IT MAY 10, 1933 (In thousands of dollars) Federal reserve baric notes: Issued to F.R.Bar.k(Outstanding) Held by Federal reserve bank In actual circulation To tal Boston 93,274 14,320 30,439 4,642 62,835 9,673 ]I'ew York Phila. 43,374 14,412 29,462 Oleve. 913 5,247 6,020 3,110 2,910 6,lb0 Rich. Atlanta i,i4o 214 926' Chicago St,Louis 18,300 4,939 13,3H 160 121 39 L'inn. Knns.Cy. Dallas Sa-- Fran. 500 '99 4oi 1,000 559 44l 1,300 1,330 420 Collateral pledged against outstanding notes: Discounted and purchased bills U.S. Gov't, securities Total collateral 44,224 15,930 31,374 126,098 — 15,930 43,374 — 3,000 -- 26,533 — 1,395 43,374 3,000 26,533 — 1,395 -- — -- — 261 — — 105 20,000 5,000 2,000 1,000 2,000 20,000 5.261 2,000 1,000 2,105
@FedFRASER