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STATEMENT FOR THE PR2SS Released for publication Friday morning, May 5; not e a r l i e r . B-S01 Federal Reserve Board May 4, 1933 CONDITION OF FEDERA.L RESERVE BAMS The daily average volume of Federal reserve "bank credit outstanding during the week ending May 3, as reported "by the Federal reserve "banks, was $2,436,000,000, a decrease of $21,000,000 compared with the preceding week and an increase of $594,000,000 compared with the corresponding week in 1932. On May 3 total reserve bank credit amounted to $2,396,000,000, a decrease of $16 ,000,000 f o r the week. This decrease corresponds with decreases of $102,000,000 in member bank reserve balances and $40,000,000 in money in circulation and an increase of $2,000,000 in monetary gold stock, o f f s e t in part by a decrease of $117,000,000 in Treasury currency, adjusted, and an increase of $11,000,000 in unexpended capital funds, nonmember deposits, etc. B i l l s discounted increased $15,000,000 at the Federal Reserve Bank of Cleveland, $7,000,000 at Son Francisco and $15,000,000 at a l l Federal reserve banks. The System's holdings of b i l l s bought in ppen market declined $33»OOOtOOO, while holdings of United States Treasury notes increased $83,000,000, and those of Treasury c e r t i f i c a t e s and b i l l s declined a .like amount. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending May 3t 1933 > were as follows: Increase or decrease since May 3 1933 Apr. 26 19?? May 4 J323. (In millions of dollars) ~ + + 106 99 550 7 4oo 144 1,837 15 + 15 ~ 33 TOTAL RESERVE BAEK CREDIT Monetary gold' stock ^ Treasury currency adjusted 2,396 4,312 1,S1S ~ 16 + 2 -117 •+ 537 - >33 Money in circulation Member bank reserve balances Unexpended capital funds, nonmember deposits, etc 5,954 2,034 53s ~ 4o -102 +11 + 506 - 113 + 110 Bills Bills U. S. Other discounted bought Government securities reserve bank credit + 3 Released f o r publication Friday morning, May 5, 1333? not e a r l i e r . B-SOla RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED ( i n thousands of dollars) May 3,1933 iter. 26,1933 May 4, 1932 RESOURCES Gold with Federal reserve agents . . . . Gold redemption fund with U.S.Treasury . 2,665,104 62,500 2,671,746 63,87! 2,269,181 35,510 2,727,6o4 2,735,617 2,304,691 321,318 386,648 307,419 353,302 321,685 366,045 3,435,570 218,764 3i396,338 222,713 2,992,421 210,825 3,65^334 3,6(19,051 3i203,246 93*551 3,618 106,105 3,293 72,354 97,976 302,'126 291,567 220,079 285,722 Total "bills discounted . . . B i l l s bought in open market . . . . . . U. S. Government securities: Bonds . Treasury notes . Certificates and b i l l s . . . . . . . . ~400,102 144,152 385,001 177,450 505,801 44,522 421,576 588,972 826,730 421,476 506,083 909,513 346,149 111,222 829,510 Total U.S.Government securities Other securities . . . . . . . . . . . . 1,837,278 5,64l 1,837,072 5,451 1,286,881 4,929 Total b i l l s and securities . Due from foreign banks • . F. R. notes of other banks Uncollected items Bank premises A l l other resources . 2,367,173 3,656 19!471 337,'l57 54,250 44^673 2,404,974 3,656 20,355 318*392 5^,13*+ 46,242 1,842,133 5t692 1&,3§2 370,850 58,083 37,178 6,597,883 6,576,202 5,603,928 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 hanks Total gold reserves . . . . . Reserves other than gold Total reserves Non-reserve cash . . Redemption fund - F. R# bank notes . . B i l l s discounted: Sec. "by U.S.Government obligations . . Other h i l l s discounted TOTAL RESOURCES . . . . . 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 3,395,369 56,059 3,424,114 36,798 2,561,646 2,033,939 l44,4o6 27,272 80,512 17,46l 56,511 2,135,808 37.165 26,810 77,664 16,155 51,8% 2,l47,l4S 12,337 45,063 Total deposits Deferred a v a i l a b i l i t y items . . . . . . Capital paid in . Surplus A l l other l i a b i l i t i e s 2,360,101 331,621 150,187 278,599 25,947 2,345,451 315,218 150,330 278,599 25,692 2,237,102 359#198 154,892 259,^21 31,669 6,597,883 6,576,202 5,603,928 TOTAL LIABILITIES . . . . 32,054 Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . 63.5$ 62.7$ 66#8$ Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents . . . . . 42,189 HS.2S0 27S,0^2 RESOURCES AND LIABILITIES OP THE FEDERAL RESERVE BAHKS ON MAY 3. 1933 (In thousands of dollars) RESOURCES Total Boston New York Phila. Cleve. Rich. Atlanta 633,51+6 176,000 201,970 11+6,135 85,365 Gold with Federal reserve agtents -2,665,10l+ 192,91+1+ Gold redemption fund with U.S.Treas. 62,500 5,626 10,1+85 1+,921 7,808 2.288 3.681+ Gold held exclusively against 2,727,6(& 198,570 F. R. notes Gold settlement fund with F.R.Board 321,318 20,698 Gold and gold c e r t i f . held by "banksi 386,648 2 2 , 7 6 s Total gold reserves Reserves other than gold 3,>+35.570 21+2,036 218,761+ 16,531+ Total reserves 3,65^,33^ 2 5 8 , 6 2 0 Non-reserve cash 5,996 93,551 3,618 150 Redemption fund - F.R. "bank notes B i l l s discounted: Secured "by U.S.Govt, obligations 97,976 5,6119 3 0 2 , 1 2 6 10,31+1+ 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 U.S.Govt, securities Other securities Total b i l l s and securities Due from foreign banks F.R.notes of other banks Uncollected items Bank premises A l l other resources TOTAL RESOURCES 61+1+.031 180,921 209,778 11+8,1+23 89,01+9 5 1 , 6 0 0 19,ll+2 2 2 , 2 5 1 2 0 , 0 6 1 8,101 2 2 6 , 1 9 8 16,3>+3 2i+,822 7,1+21 i o , g s 6 921,829 2l6,l+06 256,851 175,905 108,136 7,90i+ 69,1+23 2 1 , 6 0 2 1 7 , 9 2 2 1 1 , 0 6 3 991,252 238,008 27l+,773 186,96S Il6,0ll0 20,91+3 l+,l+55 6,270 6,821 *+,537 1,600 250 • 292 50 1+2,780 1+8,51+6 1+00,102 ll+l+,152 15,993 30,823 91.326 23,0Sl+ 1+21,576 583,972 826,730 19,739 32,261 1+1,112 183,221+ 1,837.27s 5,61+1 93,112 — 2,387,173 139,928 280 3,656 19,^71 331 337,157 39,699 3,280 5^,250 808 ^,673 232,513 309.637 B-801b Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 815,117 122,950 53,9?6 82,290 20,538 13^,263 10.131 1,678 2,1+65 3,183 1.1+71 8.760 825,248 124,628 56,1+51 23,612 2,1+55 13,907 2,859 85,^73 23,170 13,230 22,009 11+3,023 ii+,670 28,1+31 6,093 37,600 916,796 150,695 30,863 8»5i+i+ 73,217 121,873 3,206 3,127 1+2,772 209,051+ 7,515 1 6 , 0 1 1 91+7,659 159,239 5,987 18,773 1,000 100 76,31+1+ 130,079 3,022 1.932 26 50 50,287 225,065 *+,537 1 0 , 2 7 8 — 100 75,675 15,873 9,320 38,139 18,532 60,57^ 1,675 18,500 2,210 19,932 l+,l+06 12,376 1,353 2,31+0 272 8,217 1,1+26 13,71+8 93U 6,620 9,^19 62.790 20,175 2,036 22,lU2 7,993 16,782 37,980 3,693 5,917 8,1+89 6,700 15,17^ 7,55*+ 3,970 79,106 3,5^ 523 72.209 18,099 30,911 1+6,707 59,523 36,363 61,633 78,5^ 9,915 1 0 , 0 2 8 16,CIO 16,975 21,1+21+ 21,632 39,903 67,627 11+9,021 13.957 22,809 29,066 17,258 16,538 21,065 12,559 19,637 25,02l+ 16,990 11,81+9 15,101 25,729 43,613 55,581 l+8,li+9 256,551 27 65.832 5M6l 107 57,220 1+3,91+0 12l+,923 78,770 311,3^0 75, ^ 2 75.868 52,022 215,231 123 1+99 i+,ooi+ 1+1,91+7 7,6oi 1,317 16 l,7'23 70,157 11 792 8,723 1,71+6 1.857 106 1,37*+ 20,927 3,559 l.l-i+o 106 33* 11,359 1,792 1,1+58 730,37*+ 137,1^1 1 7 6 , 5 ^ — 525 i+,982 81+9,766 1 3 9 , 0 9 5 259,191+- 70,360 1+03 362 ll+2 1,3^7 5,807 512 1,291 1,325 38,860 25,^37 30,291+ 30,01+3 12,818 3,237 3,337 6,929 21.1+18 3,807 1,963 3.187 1+8,635 —— 927 9,092 2,1+22 5.21+1 «... 3,285 972 — 256 1,051 16,023 1+.214+ 1,505 6,597,883 1+1+9,092 1,993,811 ^65,3^6 5 3 1 , 3 2 6 299,799 219,1+91 l,33^,l l W 2 6 1 , 5 1 2 1 6 1 , 5 8 8 2 3 6 , 1 2 5 121,995 ^73,658 RESOURCES AND LIABILITIES OP THE FEDERAL RESERVE BAKES ON MAY 3, 1933 (In thousands of dollars) B-SOlc L I A B I L I T I E S CIeve. Rich. Atlanta Boston Hew York Phila. 732,740 250,1U2 334,375 171,339 135,758 F.B.notes in actual circulation 3,395,369 227,088 8,066 28,244 — F.K.bank notes in actual circulation 56,059 277 5,133 3,173 Deposits: 2,033,939 125,830 Member bank - reserve account 910,709 119,0U2 1 3 2 , 2 2 0 66,105 1+1,919 l44,4o6 8,122 42,887 2,1+52 Government 9,457 13,853 2,557 27f272 1,980 9,210 2,G4G 2,685 1,05s Foreign 949 80,512 6,182 6,248 5,836 Special deposits: member bank 2,989 6,-733 13,117 17,461 nonmember bank 1,708 388 1,1+69 1,591 80S 246 6 . 2 7 2 Other deposits 56,511 A,505 3,795 3,713 18,553 2 , 3 6 0 , 1 0 1 143,426 81,166 Total deposits 988,903 1 3 9 , 9 1 7 168,955 55,669 3 3 1 , 6 2 1 38,565 86,562 24,157 29,874 28,657 9,706 Deferred availability items 5 8 , 4 9 1 15,800 1 3 , 8 9 2 5,368 Capital paid in 150,187 10,737 4,627 Surplus 85,058 29,21+2 28,291+ 11,616 10,544 278,599 20,1+60 All other l i a b i l i t i e s 2,910 750 25,9^7 1,653 7,813 955 2,763 To tal Chicago St.Louis Minn. Kans.Cy., Dallas San Fran. 887,539 148,154 10,434 39 95,167 118,543 132 303 39,329 249,195 258 260,474 37,923 3,526 25,933 5,164 3.953 66,368 2,698 922 2,932 3,351 5.538 38,907 2,237 624 1,253 2,286 974 52,999 142,922 1,862 17,910 786 1,898 305 3,969 508 409 8.314 336,973 40,790 15,576 39,497 3.331 82,009 15,763 4,iss 10,186 1.173 46,281 76,444 2,248 786 5,015 188 239 84,920 19,407 4,247 8,263 613 8,907 2,835 7,019 1.076 5 6 , 3 6 1 175.521 12,575 3,777 8,719 976 16,658 10,649 19,701 1.934 TOTAL LIABILITIES 6,597,883 449,092 1 , 9 9 3 , 2 1 1 465,346 581,326 299,799 219,491 l , 3 3 4 , l 4 o 2 6 1 , 5 1 2 1 6 1 , 5 8 8 2 3 6 , 1 2 5 121,995 473,658 69.8 61.0 5I+.6 52.6 53.0 Reserve ratio (per cent) 74.0 60.6 54.0 57.4 77.4 69.2 63-5 63.9 Contingent l i a b i l i t y on b i l l s pur1,249 3,014 42,189 4,521 4,263 chased for foreign correspondents 5,59s 1,464 1,249 3,1^3 1,507 13,511 991 1,679 MATURITY DISTRIBUTION OP BILLS AND SHORT TERM SECURITIES Total B i l l s discounted B i l l s bought in open market Certificates and b i l l s Municipal warrants 400,102 144,152 826,730 5,641 Within 15 days 255,564 73,716 52,4oo 5, Hoi l6 to 30 days 27,^58 60,1+00 86,600 51 31 60 days 6l to 90 days 91 days to 6 months 1+7,382 4,252 164,360 152 62,530 5,734 56,000 10 6,793 50 297,392 27 Over 6 months 375 169,978 — FEDERAL RESERVE NOTE STATEMENT ON MAY 3 . 1933 B-SOld ( I n thousands of d o l l a r s ) Total Boston Federal reserve notes: Issued to F.R.Bank "by F.R.Agent 3 , 6 7 1 , 3 2 1 21*2,1+92 Held by Federal reserve "bank 275*952 15,4o4 In actual circulation 3,395,369 227,088 Collateral held by agent as s e curity for notes issued to bank: 1 , 3 2 3 . 2 6 9 63,927 Gold and gold c e r t i f i c a t e s Gold fund - F. R. Board 1 , 3 ^ 3 5 124,017 E l i g i b l e paper 371.7^9 33,302 U.S. Gov»t. securities 659,^0 17,500 Total c o l l a t e r a l 3,696,253 21*3,71*6 New York Phila. Cleve. Rich. Atlanta Chicago St.Louis 91*1,269 160,569 98,066 127,559 9,016 1*1,71** 283,153 2,385 33,958 250,11*2 334,375 1 7 1 , 3 3 9 135,75s 887,539 1 4 2 , 1 5 4 95,167 1 1 8 , 5 4 3 39,329 249,195 393,1*1*6 9!*,050 86,1*70 1*5,630 19,365 21*0,100 81,950 1 1 5 , 5 0 0 100,505 66,000 82,281 25,321* 53,97*4 1 5 , 7 3 3 23,190 1 1 2 , 0 0 0 65,000 100,000 19,000 1*5,000 827,827 266,321+ 355,91*1* i s o , s 6 s 1 5 3 , 5 5 5 l*2l*,117 1*1,250 391,000 81,700 1*9,711 8,036 80.000 30,000 944,828 l6o,9S6 27,1*86 20,1*90 26,500 6 i , s o o 1 2 , 7 0 1 11,U09 31.900 35.000 98,537 128,699 18,53S 83,500 2,000 50,763 7,521* 1*8*561* ii*,ooo 1 1 0 , 0 0 0 1*2,062 292,827 827,520 265,1*50 350,010 180,280 153,239 88,750 15,308 15,635 8,91*1 17,1*81 738,71*0 53,730 FEDERAL RESERVE BAM NOTE STATEMENT ON MAY 3 , (In thousands of dollars) Total Boston Federal reserve bank notes: Issued to F.R.Bank( Out standing) Held by Federal reserve bank 77,871* 21,815 11,320 3,25** In actual circulation 56,059 8,066 Discounted and purchased bills U, S. Gov't, securities 1*2,063 73,794 12,590 Total collateral 115,857 12,590 Minn, Kans.Cy. Dallas San Fran, New York 35,791* 7,550 28,244 Phila. Cleve. Rich. Atlanta 5,840 707 6,020 2,81*7 — — 7U0 1*63 5,133 3,173 - 277 27,770 — 1,295 27,770 - 1,295 12,1*15 2,899 1933 Chicago St.Louis 14,700 4,266 10,434 Minn. Kans.Cy. Dallas San Fran. l60 121 500 197 1,000 868 1,800 1,51*2 132 258 — — 39 303 20,000 303 5,000 2,000 1,000 105 2,000 — — 20,000 5,303 2,000 1,000 2,105 - Collateral pledged against outstanding notes: 35,794 8,000 35,794 8,000
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