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STATEMENT FOB. TEE PRESS B-S01 Federal Reserve Board May 31, 193^ Released for publication Friday morning, June 1; not earlier CONDITION OP FEDERAL RESERVE BAKES The daily average volume of Federal Reserve bank credit outstanding during the week ended May 30, as reported by the Federal Reserve banks, was $2,I+71+,000,00Q a decrease of $1,000,000 comoared with the preceding week and an increase of $266,000 ,000 compared with the corresponding week in 1933• On May 30 total Reserve bank credit amounted to $2,^70,000,000, an increase of $1,000,000 for the week* An increase of $22,000,000 in money in circulation and a decrease of $l+r000>000 in Treasury and National bank currency were practically offset by an increase of $10,000,000 in monetary gold stock and decreases of $^,000,000 in member bank reserve balances and $10,000,000 in nonmember deposits and other Federal Reserve accomits. The System's holdings of all classes of bills and securities were practically unchanged from last week. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended May 3193^*» were as follows? Increase or decrease since May 30, May 23, May 31, 19ft 19^ 19^ (in millions of dollars) Bills Bills U# S# Other discounted bought Government securities Reserve bank credit - 26s 5 2.^30 1 + 2 " 5UO T15 + 6 Monetary gold stock Treasury and. National bank currency 2,1+70 7.77S 2,371 + 1 +10 - 1+ + 252 +3,7^ + 73 Money in circulation Member "bank reserve balances Treasury cash and deposits with F.R.banks Nonmember deposits and other P.R. accounts 5,33S 3.763 3,p51 Ub5 total reserve bank credit +22 - U - 1 -10 +2,706 - *+3 Released for publication Friday morning, June 1, 1934, earlier. B-SOla ASSETS AND LIABILITIES OP TEE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) ASSETS M-y 30. 1934 May 23.1934 May 31.1933 Gold certificates on hand and due from U. S. Treasury Gold Redemption f\md - F. R. notes Other cash Total reserves Redemption fund - F. R. bank notes . . 3ills 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.Government securities , Other securities Total bills and securities . . Dae from foreign banks F. R. notes of other banks Uncollected items 3ank premises Fed. Dep. Ins. Corp. stock All other assets TOTAL ASSETS 4,648,031 4,633,584 — 29,771* 223,880 4,901,685 — 29,923 238,142 4,901,649 9^0,143 2,515,402 44,353 286,770 3,806,668 4,720 5,35!+ 6,242 9,038 24,662 27,838 235,960 33.700 34,251 301,97U 5.178 5,263 19,862 406,194 1,216,1+90 807,470 2,430,154 406,208 1,217,000 806,992 2,1+30,200 441,071 J§l,9l4 1,889,578 535 546 4,823 2,1+69,567 2,1+70,260 2,216,237 3.125 15.382 397,257 52,602 139,299 48,577 8,032,214 3.134 16,995 423,048 52,597 139,299 47,926 8,060,262 3,815 15,14-3 316,047 54,255 3,C51,6o4 3,038,297 60,422 §1,439 3.762,920 51,°36 5,592 227,598 3,767,269 4,047,746 4,061*031 2,393,773 399,332 146,271 138,383 427,374 146,470 138,383 318,082 150^271 278,599 161,832 26,124 8,032,214 161,832 25,436 8,060,262 12,179 l4,l4l 6,466,427 6,1+13 66,014 656,593 48,020 6,466,427 LIABILITIES 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 . . . . . 69.0$ 2,730 51.343 5,610 236,809 69.0$ 3,268 3,203,102 96,280 2,166,721 72,328 J,8k8 146,876 68.0$ 35,731 ASSETS ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMKS ON MA.Y 30, I93U (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta B-SOlb Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and 965,037 166,408 96,939 142,216 37.597 278,445 4,648,031 374,883 1.520,596 281,748 365.179 193,262 115,721 due from TJ. S. Treasury 91*7 3,662 6,536 1,059 1,304 1,075 578 4,615 2,866 3.377 29,774 2,319 1,436 Redenption fund - P. R. notes 8,671 12,630 31,703 10,015 n,575 10,521 6,272 12,632 15.773 Other cash 57.455 34,075 12.55S 4,901,685 392,975 1,639,437 313,689 381,114 202,880 132,013 1,003,276 177,432 109,818 153.S12 94,447 295,692 Total reserves 474 4,720 250 2,289 858 715 — — — 134 — — Redemption fund - F.R. "bank notes; Bills discounted: 12 20 134 105 6,223 i,64i l44 94 9.038 33 199 Sec. by U.S.Govt. obligations 433 500 210 1,107 24,662 11,324 7,77s 1,265 36 433 332 754 393 Other bills discounted 530 130 210 605 sss 1,119 592 33.700 365 453 Total bills discounted 17,547 9,419 1.409 963 Bills bought in open market U.S.Government securities: Bonds Treasury notes Certificates and bills Total IT. S.Govt. securities Other securities Total bills 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 5.178 406,194 l,2l£,490 807,470 2,430,154 535 371 1.S91 22,990 148,403 80,763 53,927 157,680 — 2.^69,567 159,014 237 3.125 15.382 , 3 9 7 397.257 42,839 R2,602 3.224 193 177 649 2^,602 30,24s 14,706 12,694 66,56s 212,569 151,706 430,843 535 487 387,200 85,271 109,596 53.27s 45,896 244,652 56,247 73,180 35.578 30,646 780,255 167,120 213,024 103,562 89,236 — 35 500 — 755,72S 177.574 214,920 104,643 90,01s 110 342 300 1,188 119 4.975 99,270 808 1,079 422 950 15,884 35,072 38,813 30,479 6,788 3,128 2,372 4,149 14,621 14,147 5,808 5,272 1,984 2,512 5.716 l,44s 142 142 385 13,664 15,774 13,197 18,730 47.692 29,86s 47,157 31,626 31,844 19,942 31,490 21,119 93,200 65,584 91,844 71,475 23,61s 121 85 4l4 10 7 166,331 — — 432,611 93,451 66,122 85,574 57.139 71,982 167,308 88 661 1.207 2,63s 1,002 51.265 19,531 10,360 21,580 88 271 13,660 222 972 18,504 4,090 9,850 1,060 1,023 626 837 48,577 8,032,214 610,003 2,632,362 552,850 659,195 354,442 249,260 1,518.363 300,110 193,306 276,961 188,098 497.264 139,299 10,230 11,441 42,529 31,455 7.387 19.749 3,124 5,093 283 1,657 3,510 1,171 3,485 4,131 462 1,757 4,359 LIABILITIES 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 ASSETS AKD LIABILITIES OF THE FEDERAL RESERVE BABES OH MAY 30, 1934 (in thousands of dollars) B-SOlc Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 3,051,604 244,368 636,137 249,696 305,364139,766132,337 77MS0" 353.152 9 ^ 3 ^ 106,221 38,490 197,571 2,602 60,422 954 38,470 5,821 12,255 — — — 320 3,762,920 281,349 1.556,725 202,824 243,904 150,370 66,363 3.300 4,791 3.3^4 51,636 4,353 10,801 1,359 598 237 218 5,592 448 1,519 64s 227,598 3.5U 123,005 15,489 11,048 6,351 1^,596 4,047,746 289,661 1,692,050 220,320 258,850 161,749 84,561 399,832 ^2,445 146,271 10,736 138,383 9,610 97,951 30,103 59,643 15,337 45,217 13.352 33,595 35,653 14,560 4,383 12,783 M 7 6 14,090 5,171 5,145 610,257 110,971 68,728 132,510 112,230 226,689 477 1,712 2,228 12,189 5.252 1,790 143 174 174 442 785 206 7,364 15,876 6,461 3,657 1,753 18,487 630,595 132,305 77,122 136,81s 115,869 247,846 55,052 19,229 10,449 21,237 14,873 19.685 12,547 4,028 3,037 M 5 2 3,950 10,699 20,681 4,756 3,420 3,613 3.683 9,645 22,71s 5,946 4,535 47,266 17,121 16,447 6,963 7,852 5.^9 11,465 2,702 164 374 309 422 15,62s 1,100 811 353 173 3.1^2 8,032,214 610,003 2,632,362 552,850 659,195 35^,^2 249,260 1,518,363 300,110 193,306 276,961 188,098 497,264 161,832 11,283 26,124 Ratio of total reserves to deposit and F.R.note liabilities combined 69.0 Contingent liability on bills purchased for foreign correspondents 2,730 946 73.6 219 70.4 67.8 739 317 67.5 67.3 292 60.9 116 107 71.^ 384 66.9 64.0 100 63.3 70 85 61.2 66.4 85 216 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Bills discounted Bills bought in open market Certificates and bills Municipal warrants Total 33,700 5.178 807,470 535 Within 15 days 26,540 2,571 500 16 to 30 days 2,474 198 100,096 31 to 60 days 1,893 1,638 51,070 6l to 90 days 2,497 771 64,462 91 days to 6 months Ovon 6 months 22 274 364~6|2 227,180 FEDERAL RESERVE NOTE STATEMENT ON MAY 30, 1934 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Federal Reserve notes: Issued to F.R.bank by F.R.Agent Held by Federal Reserve Bank in actual circulation Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. 3.330,083 263,504 278,479 19,136 727,687 263,036 3 1 9 1 4 9 , 5 9 9 153,^6 91,550 13,3^0 l M g 4 9,833 21,109 812,382 137,281 99,921 112,4-81 43,725 247,513 38,314 M 2 9 5,547 6,260 5,235 49,942 3t05i,6o4 244,36s 636,137 249,696 305,3^4 139,766 132,337 774,068 133,152 733,706 225,000 261,931 140,340 747,513 119,936 78,115 97,290 44,675 193,763 193 130 112 100 365 422 75,000 19,000 23,300 20,000 ~ 55,000 822,706 139,066 101,527 117,390 45,040 249,185 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and 3,004,771 271,117 due from U.S.Treasury 18,871 873 Eligible paper 364,300 — U. S. Govt, securities Total collateral B-801d 3,387,942 271,990 91,385 11,596 3,462 694 456 468 — 37,000 60,000 10,000 65,000 745,302 265,462 322,625 150,796 156,853 94,434 106,221 38,1+90 197,571 FEDERAL RESERVE BANK NOTE STATEMENT ON M Y 30, 1934 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich* Atlanta Federal Reserve bank notes: Issued to F. R.bank(outstanding) Held by Federal Reserve bank In circulation - net* 73,688 13,266 1,511 557 60,422 954 39,633 16,035 1 , 1 6 3 10,214 38,470 12,775 520 — — Chicago St.Louis Minn. Kans.Cy. Dallas — 5,821 12,255 53^ 2l4 ~ ~ 320 San Fran. 3,200 598 — 2,602 — Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Govt, securities 81,474 5,000 39,971* 16,500 15,000 Total 81,471* 5,000 39,974 16,500 15,000 — — — — _ —— _ — — — — — — 1,000 ~ — 1,000 — 4,000 — — 4,000 •Does not include $92,764,000 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