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STATEMENT FOR TFE PRESS Released for publication Friday morning, May 25; not earlier B-801 Federal Reserve Board May 2U, 193U CONDITION OF FEDERAL RESERVE 3ANXS The daily average volume of Federal Reserve bank credit outstanding during the week ended May 23, as .reported by the Federal Reserve banks, was $2,U75»0OO,000 f a decrease of $7,000,000 compared with the preceding week and an increase of $232,000,000 compared with the corresponding week in 1933 • On May 23 total Reserve bank credit amounted to $2,1+69,000,000, a decrease of $^,000,000 for the week. This decrease corresponds with decreases of $28,000,000 in money in circulation, $30,000,000 in Treasury cash and deposits with Federal Reserve banks and $10,000,000 in nonmeniber deposits and other Federal Reserve accounts, and an increase of $13,000,000 in monetary gold stock, offset in part by an increase of $73»000,000 in member bank reserve balances and a decrease of $5,000,000 in Treasury and National bank currency. f The System s holdings of bills discounted and of United States bonds were practically unchanged from last week. Holdings of bills bought in open market declined $1,000,000 and of United States Treasury notes $17,000,000, while holdings of Treasury certificates and bills increased $17 t 000,000. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended May 23, I93U, were as follows: Increase or decrease since May 23, May l6, May Zk, -I22L 19ft 1933 (in millions of dollars) Bills Bills U. S# Other discounted bought Government securities Reserve bank credit 34 5 2,^30 — _ 1 _ TOTAL RESERVE BANK. CREDIT Monetary gold stock Treasury and national bask currency 2,U69 7,766 2,375 ~ 5 +350 +3,739 + 76 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R. banks Nonmember deposits and other F.R. accounts 5»3l6 3»7&7 3,052 U75 -28 +73 ~30 -10 -192 +1*573 -*2'723 - 39 - U -278 _ jg +568 _ Released for publication Friday morning, May 25,193!+; not earlier. B-SOla ASSETS AMD LIABILITIES OF THE TWELVE FEDERAL RESERVE B A M S COMBINED (In thousands of dollars) May 16,19ft A S S E T S Gold certificates on hand and due from U . S . Treasury . . Gold , Redemption fund - F . R f 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 boiaght in open market . . . . . . . U*S.Government securities: Bonds Treasury notes . . . . . Certificates and bills . . . . . . . • Total U.S.Government securities Other securities . . • • . . * • • . • Total bills and securities . . . Due from foreign banks F.R. notes of other banks Uncollected items . Bank premises . Fe;d. Dep. Ins. Corp. stock . . . . . . . All other assets TOTAL ASSETS May 2^ t lyft ^633,58^ 4,583,812 29,923 218.1^2 ^,901,61+9 30,165 236.520 959.532 2,493,364 46,338 308.766 5»3ft 4,850,497 5,275 3,807,940 6,242 6 t Hl3 27.838 1 3 +,251 5>263 6,312 28,090 34,402 5,501 64,472 247,693 312,165 42,662 406,208 1,217,000 806.992 2,^30,200 406,190 1,233,599 790.367 2,430,156 430,606 629,583 801.523 1,861,712 [M 2,470,605 5,386 2,221,925 3,135 20,430 501,044 52,595 139,299 3,593 17,921 316,172 54,255 46.131 47.146 8,089,011 6,475,194 3»°3 » 97 61,439 3,061,279 63,752 3,221,429 84,211 3,767,269 51,3^3 5«°1° 236.809 4,06l,.031 427,374 146,470 138,3^3 3,694,493 45,074 4,649 246.981 3,991,197 501,685 146.202 138,383 2,194,390 37,668 15,867 144.892 2,392,817 322,322 150,287 278,599 161,232 25,436 8,060,262 161,832 24,6§1 8,089,011 12,179 13.350 6,475,194 2,470,260 3,13^ 16,995 423,048 52,597 139,299 47.926 8,060,262 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 deposits 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 . . . . . . g 2 69.0$ 3,268 68.8$ 3,622 67.8$ 36,770 ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BANKS OH MA.Y 23, 1934 (In thousands of dollars) A S S E T S Total Gold certificates on hand and due from U.S. Treasury Redemption fund - F.R. notes Other cash Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis B-SOIb Minn. Kaas.Cy. Dallas San Fran, 4,633,584 392,815 1,565,700 277,031 334,735 196,341 110,449 964 2,466 2,946 2,982 3,205 1,736 29.923 238,142 17,994 12,489 35,159 12,706 9,889 63,531 958,473 182,241 96,038 141,333 6,649 1,075 1.317 1,139 33.916 10,448 11,390 10,485 91,362 287,066 610 4,834 6,512 13,623 Total reserves 4,901,649 413,275 1,630,967 315,136 350,423 207,194 126,143 i.— Redemption fund - F . R . bank notes 5,354 250 858 1,215 2,423 3ills discounted: 1,429 156 120 Sec. "by U.S.Govt, obligations 488 3,770 6,^3 139 Other bills discounted 500 27,838 9,388 1,266 12,469 1,095 565 620 Total bills discounted 1,234 10,817 1,422 3^,251 1,053 16,239 Bills bought in open market 1,886 5,263 535 487 177 371 193 U.S.Government securities: 406,208 22,990 148,403 25,602 30,248 1^,707 12,693 Bonds 1,217,000 80,798 Treasury notes 387,3^8 85,30s 109,643 53,302 45,916 806,992 53,892 244,504 56,210 73,133 35,553 30,649 Certificates and bills Total U.S.Govt, securities 2,430,200 157,680 720,255 167,120 213,024 103,562 89,258 Other securities 546 40 506 — 999,038 193,764 108,745 152,957 — — 13* 98,484 305,523 474 — — Total bills and securities Dae from foreign banks P.R.notes of other banks Uncollected items Bank premises Fed. Dep. Ins. Corp. stock All other assets TOTAL ASSETS 2,470,260 159,104 3,134 237 16,995 ,, 387 423,048 44,022 3,224 52,597 10,230 139,299 47,926 853 798,420 178,978 214,933 104,989 342 301 119 1,196 5,072 597 982 1,433 102,262 35,835 42,993 37,315 4,149 6,783 ll,44l 3,128 5,808 42,529 14,621 14,147 30,708 5,778 1,450 1,899 90,055 110 1,022 13,289 2,372 5,272 2,559 1,133 79 26 20 442 1,133 649 105 121 462 211 33 324 179 419 85 211 142 357 142 598 475 66,568 13,664 212,652 47,713 151,623 31,823 15,787 29,892 19,929 13,197 47,177 31,470 18,730 3l,64o 21,105 23,619 85,611 57,101 430,843 65,608 91,844 71,^75 166,331 432,625 93.426 66,155 92,197 4l4 10 88 7 3,650 1,002 430 1,171 59,695 18,244 10,289 24,091 3,124 7,382 1,657 3,^85 3,510 19,749 4,131 5,093 298 1,038 471 1,177 71,97^ 167,404 88 222 326 923 16,054 is,959 1,757 4,090 >•4,359 9,850 1,05s 637 — 93i200 — — 8,060,262 631,582 2,625,018 556,294 633,232 361,885 240,822 1,523,591 315,095 191,970 278,591 194,574 507,608 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE B A M S OH MAT 23, 1934 (In thousands of dollars) L I A B I L I T I E S F.R.notes in actual circulation F.E.bank note circulation - net Deposits: Member tank - reserve account U.S .Treasursr-Jeneral account Foreign bank Other deposits Total Boston 3.038,297 242,7b7 1.137 61,439 Few York Phila. Cleve. Rich. Atlanta 629,001 21+5,980 30U,o38 1Uo,115 130,969 39.0HU 6,030 12,370 — — Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 773.422 133.210 95,251 106,410 38,629 197,905 2,63b — — 222 3.767.269 51,3U3 5,610 236,809 303.732 1.537-soi 203,631 1,821 18,423 991 1+1+8 1,537 61+8 4,312 130.U52 17,892 214,894 157.581 2,121 2,339 59s 237 11,801 7.670 69,802 1,264 218 8,289 605,258 126,929 12,842 4,835 785 206 9.25? 15.26t> Total de-posits 4,061,031 427,374 Deferred availability items 146,470 Capital paid in Surplus 138,383 Reserves (F.D.I.C. stock, self in surance, etc.) 161,832 All other liabilities 25,436 8,060,262 TOTAL LIABILITIES 79.573 12,508 4,371 5.145 628,137 147,23b 63,601 19.276 12,532 4,028 20,681 4,756 Ratio of total reserves to deposit and F.R.note liabilities combined 69.0 Contingent liability on bills purchased for foreign correspondents 3.2b8 B-gOlc 310,313 1,688,213 223,162 44,913 101,223 34,403 10,739 59.653 15.517 9,bio 45,217 13,352 229,Hl4 167,827 42,698 36,652 12,821 4,976 14,090 5.171 65,833 1,343 143 7,b38 711,057 10,396 3.015 3.420 136,008 119..347 256,844 23,457 17,615 20,632 3,952 10,703 4,163 3.683 9.645 3.613 47,266 17,121 11,283 820 15,401 729 631,582 2,625,018 556,294 22,718 5.946 7.852 16,447 4.535 6,963 421 4o4 2,500 396 181 754 633,232 361,885 240,822 1,523,591 315.095 191.970 5.489 11,465 4,747 3.223 4i4 153 278,591 194,574 507,608 70.4 74.7 309 458 67.2 65.6 447 413 67.3 59.9 163 151 71.3 69.I 541 142 63.9 131.809 115.657 234,342 1,408 1,480 2,476 174 174 442 2,617 2,03b 19,584 63.1 99 120 62.3 67.2 120 305 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total Bills discounted Bills bought in open market. Certificates and bills Municipal warrants Within 15 days 16 to 30 days 31 to 60 days 34,251 5,263 24,480 237 5,334 546 506 2,007 464 65,330 5 806,992 94,736 6l to 90 days 2,132 4,247 56,962 91 days to 6 months 285 362,781 35 Over 6 months 13 227,183 FEDERAL RESERVE NOTE STATEMENT ON MAY 23, 193^ (In thousands of dollars) Total Federal Reserve notes* Issued to F.R.bank by F.R.Agent Held by Federal Reserve tank Boston New York Phila. Cleve . Rich. Atlanta B-801d Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. 3,332,511 265,067 294,214 22,300 726,l4S 255,1+72 320,170 149,642 149,966 97,147 19,*+92 15.532 9,527 18,997 812,754 138,242 100,422 114,374 39.3325,032 5,171 7,964 43,809 246,445 5,180 48,540 In actual circulation 3,038,297 21+2,767 Collateral held by agent as security for notes issued to-.bank: Gold certificates on hand and due from U.S. Treasury 3,014,771 271,117 17,009 962 Eligible paper 352,300 — U . S . Govt, securities 629,001 245,980 30^,638 11+0,115 130,969 773.^22 153,210 95,251 106,1+10 38,629 197,905 733,706 227,000 261,931 140,340 9,477 3,436 672 623 — 37,000 60,000 10,000 7^7,513 123.936 78,115 198 105 126 75,ooo 11,000 23,300 97,290 112 20,000 44,675 193,763 357 522 55,ooo 822,711 l40,04l 101,541 117,402 45,032 249,285 Total collateral 3,384,080 272,079 90,3S5 419 61,000 743,183 267,436 322,603 150,963 151,so4 FEDERAL RESERVE BAKU NOTE STATEMENT ON MA.Y 23, 1934 (In thousands of dollars) Federal Reserve bank notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank In circulation - net* New York Phila. Total Boston 7b,861 15,422 bl,439 1,511 37H 1,137 >+2,357 3,313 39,044 16,035 10,005 6,030 12,935 565 12,370 85,774 5,000 44,274 16,500 15,000 85,774 5,000 44,274 16,500 15,000 Cleve. Rich. Atlanta - Chicago St.Louis 534 312 Minn. Kans.Cy. Dallas San Fran, — -- 222 '3,^89 853 2,63b 1,000 4,000 Collateral pledged against outstanding notes: Discounted and purchased bills U . S . Govt, securities Total 1,000 4,000 *Dces not include $93,277,000 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