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STATEMENT FOR THE PRESS Released for publication Friday morning! May 18; not earlier* B-S01 Federal Reserve Board May 17t 193^* CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended May 16, as reported "by the Federal Reserve banks, was ,000,000, a decrease of $2,000,000 compar-ed^with the preceding week and an increase of $1^6,000,000 compared with the corresponding week in 1933* On May l6 total Reserve bank credit amounted to $2,^73,000,000, a decrease of $11,000,000 for the week. This decrease corresponds with decreases of $16 ,000,000 in Treasury cash and deposits with Federal Reserve banks, $8,000,000 in money in circulation and $7,000,000 in nonmember deposits and other Federal Reserve accounts,offset in part by an increase of $16,000,000 in member bank reserve balances and a decrease of $3,000,000 in monetary gold stock. The System's holdings of bills discounted decreased $3,000,000, of bills bought in open market $1,000,000, of United States bonds $2,000,000 and of United States Treasury notes $3,000,000, while holdings of Treasury certificates and bills increased $3,000,000, Changes in the amount of Reserve "bank credit outstanding and in related items during the week and the year ended May l6, 193^, were as follows: Increase or decrease since May 16 May 9 May 17 JL23 (In millions of dollars) Bills Bills U, S. Other discounted bought Government securities Reserve bank credit 6 2,^30 3 TOTAL RESERVE BANK CREEIT Monetary gold stock Treasury and National bank currency 2.U73 7,753 U m m in circulation Member bank reserve balances Treasury cash and deposits with F.R. banks Nonmember deposits and other F # R. accounts 5.3^ - 3 - l - 2 - 6 -11 - 6 +219 - 3 +3,727 +81 - 8 +16 -16 - 7 -221 +1,580 +2,712 2,380 },Ssk 3,082 kS5 -296 - 72 +593 Released for publication Friday morning, May 18,1934; n°t earlier. B-gOla ASSETS AM) LIABILITIES OF TEE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) May 16,19^4 May 9 M a y 17, 1933 ASSETS Gold certificates cm hand and due from U. S. Treasury G-old . . . . * • * • . *•««•* 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 discounted Total bills discounted . . . , Bills bought in open market U. S. Government securities: Bonds Treasury notes Certificates and bills # Total U.S.G-overnment securities Other securities Total bills and sedurities . . Due from foreign banks . F. R. notes of other banks . . . . . Uncollected items . Bank premises Fed. Dep. Ins. Corp. stock All other assets TOTAL ASSETS 4,583,812 4,585,034 957,360 2,455,324 30,165 236,520 4,850,497 30,631 234,299 4,849,964 5,275 5,791 54,824 303.9S3 3,771,491 4,992 6,312 28,090 6,277 73,379 256,846 34,402 30,297 36,57^ 330,225 5,501 6,656 77,5^3 406,190 1.233,599 790,367 2,430,156 407,s6o 420,992 546 2,470,605 3,135 20,430 501,044 52,595 139,299 46,131 1,237,089 786,869 2,431,818 7^7 2,475,795 3,13^ 16,260 406,394 594,482 821,124 1,836,598 5.404 2,249,770 3,662 19,095 359,775 54,251 52,569 139,299 45,581 44,949 g,089,Oil 7,994,787 6.507.9S5 3,061,279 63,752 3.059,927 3,299,995 74,213 3,694,493 45,074 3,677,863 4,649 246,9Si 6,915 249,983 3,994,876 2,114,283 31,260 22,943 151.968 2,320,454 359,553 150,217 278,599 — L I A B I L I T I E S F.R. notes in actual circulation F.R. bank note circulation - net Deposits: Member bank - reserve account . U.S.Treasurer - General Account Foreign bank . . . Other deposits Total dopooits . .. 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 .... 3,991,197 501,685 146,202 66,252 60,115 401,661 146,279 138,383 138,383 161,832 161,831 24.681 25,578 12,205 12,739 8,089,011 7,994,737 6,507,925 68.8$ 3,622 68.7$ 4,002 67.156 38.8S6 ASSETS AMD LIABILITIES OF THE FEDEPAL HESEEVE BAMKS OH MAY l6, I33U (in thousands of dollars) ASSET s Total Boston Hew York Phi la. Cleve. Gold certificates on hand and due from U. S. Treasury Redemption fund - F.R. notes Other cash Total reserves Rich, Atlanta 4,583,812 37S.196 1,512,576 278,895 3^1,^71 201,944 119,456 7S9 3,230 30,165 2,507 1,884 3,006 3,022 236,520 17,617 62,876 34,859 13,727 9,539 11,^07 4,850,497 395,320 1,577,336 316,760 35S,220 212,272 13^,093 — 2,344 25O S5S 1^215 5 5,275 — Bills discounted: Sec. by U#S*CrCvt. 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.&ovt. securities Other securities Total tills and securities Due from foreign banks J.B.nates of other banks Uncollected items Bank premises Fed. Dep. Ins. Corp. stock All other assets TOTAL ASSETS Chicago St.Louis 952,857 184,289 6,712 35,681 1,088 9,638 B-801b Minn. Kans.Cy. Dallas San Fran 1,322 1,147 92,736 277,888 617 4,841 11,321 10,027 6,702 13.126 97,939 145,515 995,250 195,015 110,582 156,689 100,105 295,855 — 134 — — 474 6,312 28,090 518 565 3,331 11,450 10,535 1,403 144 1,122 194 556 20 1,102 99 31 476 219 34,402 5,501 1,083 14,831 11,846 1,772 1,266 486 2,099 535 ' 1,122 649 130 371 750 178 121 85 219 142 ^06,190 1,233,599 790,367 22,989 si,971 52,720 i4s,6i9 393,045 240.091 1,3H 369 193 86,530 111,234 25,602 30,247 14,709 54,075 ^4.988 71.^ ^4.778 368 529 159 482 434,114 2,470,605 159,134 798,725 180,007 215,283 105,021 87,156 342 300 1,198 119 l,4o4 6,61-3 1,212 467 128,764 39,3^5 52,209 42,258 11,441 6,788 3,128 4,149 42,529 14,621 14,147 5,808 4,6o4 1,444 1,960 29,903 110 946 15,316 2,372 10,230 853 186 343 66,780 13,663 15,775 13,199 18,730 23,618 48,405 30,224 47,861 32,099 86,853 1^.373 31.132 19.49^ ^0.784 20.546 ^,860 ^32,3^3 93,200 65,594 91,844 71,475 166,331 781,755 167,120 213,024 103,562 4c 506 237 332 53/449 3,224 80 288 12,259 45,017 25,952 86,228 2,430,156 157,680 546 - 3,135 20,430 501,044 52,595 139,299 ^6,131 10 5,272 2,585 216,IS5 33 Ml 66,165 92,205 72,002 167,342 10 88 88 222 7 650 1,329 299 2,327 70,191 21,607 12,025 28,513 16,700 20,667 7,322 3,124 3,485 4,090 1,657 1,755 4,131 9,850 IS,7^9 5,093 3,510 M59 312 1,206 492 654 1,079 1,039 4i4 3,478 1.313 3,089,011 626,029 2,592,853 561,153 650,81s 371,970 2^7,350 1,531,657 320,059 195,802 286,992 196,821 501^07 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAKES OK MAY l6, I93U (In thousands of dollars) L I A B I L I T I E S Total Boston Hew York Phila. F.R.notes in actual circulation F.R.bank note circulation - net Deposits: 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 3,061,279 244,511 1,322 63,752 Cleve. Rich. Atlanta 635,691 2^,346 304,371 142,383 132,337 40,198 6,310 12,368 3 , 6 9 ^ 9 3 288,260 1,462,481 1,274 45,074 22,741 4,649 448 576 246,981 4,189 143,164 3,991,197 294,171 1,628,962 126,946 501,685 53,693 146,202 10,693 59,654 9,610 45,217 138,323 206,098 224,767 158,252 71.913 2,129 1,^57 2,511 1,3^2 648 237 59S 218 14,040 10,773 10,233 9,7^9 222,915 238,649 170,179 83,222 36,950 51,07^ 42,150 14,544 ^,372 4.975 15.509 12,639 5,1^5 13,352 14,090 5,171 Chicago St.Louis B-801c Minn. Kans.Cy. Dallas San Fran. 776,71s 13^,779 95,7^0 106,977 803 — — 39,079 199,847 2,751 128,415 65,940 135,575 113,927 228,159 1,698 1,724 1.702 3.278 1,046 442 206 143 17* 17* 16,699 8,264 2.053 17,286 2,720 147,022 76,045 139,515 119,432 247,611 22,311 12,508 27,779 19,158 21,411 3,007 3,947 10,672 4,164 4,031 20,681 ^,756 3,^20 9,645 3,683 3,613 610,706 4,172 785 7,811 623,474 73,161 12,539 22,718 5,946 *+,535 47.266 17,121 16,447 5,489 11,465 11,283 6,963 7.852 2,366 680 650 3.282 14,919 746 356 149 1 547 197 378 H 8,089,011 626,029 2,598,853 561,153 650,818 371,970 247,850 1,531,657 320,059 195,8oe 286,992 196,821 501,007 161,832 24,681 Ratio of total reserves to deposit and F.R.note liabilities combined 68.8 73*9 Contingent liability on bills purchased for foreign correspondents 3,622 309 69.7 67.2 812 65.9 447 413 67.9 62.2 163 151 71.1 69.2 541 142 63.6 64.4 99 120 63.2 66.1 120 305 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 34,402 5,501 790,367 546 Within 15 days l6 to 30 days 25,118 928 3,502 204 70,981 21,325 506 31 to 60 days 3.037 435 c 62,210 5 6l to 90 days 2,499 3,93* 3M30 91 days to 6 months 228 374,244 35 Over 6 months 18 227.177 FEDERAL RESERVE NOTE STATEMENT ON MAY l6, 1934 (In thousands of dollars) Total Federal Reserve notes: Issued to F.R.bank by F.R.Agent 3,337,686 Held by Federal Reserve bank 276,1+07 in actual circulation 3,061,279 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 3,021,771 Eligible paper 16,440 U. S. Govt, securities - 341,300 Total collateral 3,379,511 Boston New Yor3r Phila. Cleve. Rich. Atlanta B-SOld Chicago-St.Louis Minn. Kans.Cy. Dallas San Fran. 264,673 20,162 244,511 729,880 262,553 320,480 150,548 150,587 94,189 14,207 15,609 8,165 18,250 635,691 248,346 304,871 142,383 132,337 814,443 139,441 101,221 113,708 37,725 4,662 5,481 6,731 776,718 13^,779 95,7^0 106,977 43,912 246,240 266,117 992 733,706 223,000 261,931 150,3^0 8,708 3,198 992 671 31.000 60,000 — 747,513 152.936 76,115 97,290 117 122 130 118 75.000 g.000 26.700 20.000 44,675 193,763 385 457 — 58.000 267,109 742,414 263,19s 322,923 151,011 151,935 94,3S5 55O 57.000 M 3 3 KS,333 39,079 199,81*7 822,635 141,066 102,533 117,407 45,060 252,220 FEDERAL RESERVE BANK NOTE STATEMENT ON MAY l6, 1934 (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. 16,035 9,725 12,935 567 1,034 3,540 6,310 12,36s S03 2,751 78,73^ 14,982 2,411 1,089 42,779 2,581 63,752 1,322 40,19s 89,774 5,000 44,274 16,500 15,000 5,000 4,000 89,774 5,000 44,274 16,500 15,000 5,000 4,000 Coliateralpledged against outstanding notes: Discounted and purchased bills U. S. Govt, securities Tdtal *Does not include $94,431,000 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