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STATEMENT FOR TEE PHSSS Released for publication Friday morning, Nov. 3? not earlier* B-SOl Federal Reserve Board November 2, 1933• CONDITION OF FEDERAL ESSESlfiS BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended November 1, as reported by the Federal Reserve banks, waa $2,5^9,000,000, an increase of $31,000,000 compared with the preceding week and of $321,000,000 compared with the corresponding week in 1932. On November 1 total Reserve bank credit amounted to $2,550,0-0,000, an i n crease of $2^,000,000 for the week. This increase corresponds with increases of $32,000,000 in money in circulation and $7,000,000 in unexpended capital funds, nonmember deposits, etc*, and a decreaso of $38,000,000 in Treasury currency, adjusted, o f f s e t in part by a decrease of $102,000,000 in member bank reserve balances. B i l l s discounted increased $5,000,000 at the Federal Reserve Bank of San Francisco and $2,000,000 at a l l Federal Reserve banks. The System*s holdings of b i l l s bought in open market show practically no change for the week, while holdings of United States bonds increased $2,000,000, of Treasury notes $1^,000,000, and of Treasury c e r t i f i c a t e s and b i l l s $H,000,000, Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended November 1, 1933, were as follows: Increase or decrease since Nov. 1 1933 Oct. 25 1933 . Nov. 2 J 3 1 (In millions of dollars) Bills Bills U. S. Other discounted "bought Government securities Reserve bank credit 117 7 2,420 7 +2 - — - +20 + 2 + +2k + TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted 2,550 4,323 1,SS8 ~ss Money in circulation Member bank reserve balances Unexpended capital funds,no nmember deposits,etc. 5,640 2,591 531 +32 -102 +7 — - + - + + + 209 27 569 g 324 57 19 23 207 134 Released for publication Friday morning, Nov# 3^ 1933; not earlier*. B-SOl-a ASSETS AND LIABILITIES' OF THE TWELVE FEDERAL .RESERVE BANKS COICI1HD (in thousands of dollars) Eov. J 2 I 2 I I Oct. 25,1933 ?!ov. 2. 1932 ASSETS Gold vath Federal Heserve agents • . # Gold redemption fund with U.S.Treasury Gold held exclusively against FJUnotos Gold settlement fund with F # Board Gold and gold certificates held by banks Total gold reserves . . • . . Other cash* Total gold reserves and other cash # Hedenption fund - F# halite notes . • B i l l s discounted: Sec# by U#S#Governnent obligations . Other b i l l s discounted Total b i l l s discounted . • • . B i l l s bought in open uarket • IJ# S# Government securities: Bonds . . . . . . . . . Treasury notes • Certificates "bills Total U,S» Government securities Other securities • Total b i l l s and securities # # Due fron foreign barks • F# R# notes of other brinks • Uncollected i t ens . . . . . . . . . . . Bank premises • • • • • • • • • • • • • A l l other assets r » • « • TOTAL ASSETS • L I A B I L I T I E S ... F.E.notes in actual circulation F.R. bank notes in actual circulation . Deposits: Member batik - reserve account . Government Foreign bank Special deposits - member bcnj: . nonneciber baak Other deposits Total deposits . . . Deferred availability items . . . Capital paid in . . . . . . . . . Surplus All other liabilities . . . . . . TOTAL LIABILITIES . Batio of total gold reserves and othor cash* to deposit and F.H.note liabilities combined . . . . . . . . Contingent liability on b i l l s purchased for foreign correspondents . . . . . 2,638,561 37»313 2f 675fS7U 666,190 2^5,8*41 3#537,905 226,491 3,glH,396 2,712,644 629,632 2,251,036 335,268 243.512 3,590,788 233.012 3,828,800 , 417,343 11,248 11,365 24,994 9i,?i3 25,825 88.768 6,644 114,593 6,523 2,675,331 37.313 116,507 442,891 1,007,587 969.297 3,003,647 271,041 3,274,688 107,622 218.422 326,044 3M53 441,262 420,651 362,874 964,796 1x067,258 1,850,783 994,098 2,419,775 1,559 2,544,485 3,732 17,833 426,364 2,400,156 111 2,207,93** 43.102 ^ ^ 2,522,831 3.610 2,216,305 54,643 335,196 5^,639 361,411 58,137 50,676 48,872 6,923,377 6,874,888 5,963,378 2,967,302 188,840 2,960,748 2,700,818 2,590,551 115,597 15,331 67,495 14,193 2,693,121 27,758 2,384,097 80.962 2,884,179 424,910 145,456 278,599 3M91 6,923,377 65.256 19,575 180,363 17,797 68,884 14,237 66.088 2,887,885 385,779 145,527 278,599 >5,987 6,874,888 65.5* 2,873 13,140 36,824 31,305 9,888 28.389 2,453,679 355,005 152,105 259,421 5,963,378 63.5* 38,847 33,798 30,750 * "Other cash" does not include F.H,notes or a bank's own F.R.bank notes. ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BANKS ON NOVEMBER 1, 1933 (In thousands of dollars) ASSETS Total Boston Gold with Federal Reserve agents 2,638,561 208,329 Gold redenption fund with U.S.Treas. 37,313 1,379 Gold held exclusively against F. B. notes 2,675,874 210,208 Gold settlement fund with F.R.Board Gold and gold c e r t i f . held by banks Total gold reserves Other cash* 666,190 33,156 245,S4l 22,020 3,5S7»905 265,3S4 226,491 20,647 Total gold reserves & other cash 3,814,396 286,031 Redemption fund - F.R.bank notes 11,248 950 B i l l s discounted: Sec. by U.S. Govt, obligations Other b i l l s discounted Total b i l l s discour.ted 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 assets TOTAL ASSETS 24,994 91,513 116,507 6,644 1,007 2,972 3,979 420 442,891 1,007,5^7 24,367 67,742 969,297 64,516 2,419,775 156,625 1,559 2,544,485 161,024 3,732 285 17,233 379 426,364 54,276 54.B43 50,676 3,280 744 New York Phila, Cleve. Rich. Atlanta Chicago St.Louis B-801-b Minn. Kans.Cy. Dallas San Fran. 611,706 170,000 206,770 117,075 92,115 6,470 4,137 4,792 1,927 2,676 735,272 116,508 66,169 92,390 40,464 181,763 3,621 1,507 1,708 1,359 95^ 6,283 618,176 212,566 147,090 977,232 732,893 118,015 67,877 93,749 127,795 31,791 19,108 27,533 2,900 709 12,011 329 174,137 19,310 15,689 209,136 50,919 28,203 1,028,751 237,339 745 2,935 12,024 27,547 39.571 2,437 211,562 119,002 37,945 27,917 4,622 1,409 254,129 148,328 23,118 11,299 277,247 160,227 1,654 100. 4,034 3,509 20,728 6,634 24,762 10,143 6o4 563 584 6,693 7,277 222 94,791 11,929 3,213 109,993 11,551 121,544 408 489 5,702 6,191 IS 9 170,034 28,072 32,179 11,845 10,726 345,751 70,725 92,105 33,912 30,732 311,991 67,320 27,716 32,296 29,274 827,776 166,237 212,000 72,053 70,792 — 510 — 993 270,777 192,113 222,706 25,552 77,122 1,36s 4io 146 370 131 743 43s 1,321 1,277 4,075 111,392 33,110 32,716 36,632 12,935 12,818 2,422 3,232 3,703 6,931 27,806 4 , 6 i 6 2,442 3,546 4,127 4 l , 4 1 8 188,046 26,251 30,779 3,962 31,387 929,588 150,135 87,694 133,343 71,631 250,712 34,264 9,424 7,080 9 , 1 1 4 6,300 13,972 963,852 159,559 94,774 142,457 77,931 264,684 263 876 609 4oo 373 1,935 1,080 4,739 5,819 747 588 929 1,577 155 93 2,863 2,956 105 384 3,497 3,221 165 14,483 16,361 14,097 40,029 25,06s 35,247 iss,900 32,123 23,273 33,567 435,903 92,635 65.302 82,911 77,040 169,963 — 442,469 34,367 508 22 56 68,419 5,060 — 26,957 108 182 1,020 1,248 9,103 762 1,066 265 18,530 25,097 24,413 71,834 23,250 6 S , 4 l l 66,193 165,342 — 3,285 631 1,7^7 1,176 3,559 1,267 —- 67,706 175,207 108 261 705 258 1,250 427 24,641 16,091 11,582 14,999 51,1^3 7,609 1,513 8,083 1,797 1,233 1,900 20,841 4,254 975 6,923,377 506,969 2,059,92s 472,474 551,387 290,71s 219,49s 1,474,059 275,033 17S,403 261,239 164,908 468,731 * "Other cash" does not include F. R. notes or a hank's own F. R. hank notes. L I A B I L I T I E S ASSETS AKD LIABILITIES OF TEES FEDERAL RESERVE BANKS ON KOVELffiER 1, 1933 (In thousands of dollars) Total 3oston New York Phila. 01eve. 2,967,302 2l4,l64 639,445 233,^79 277,6-36 F#R.notes in actual circulation 183,840 20,75^ 54,072 11.357 26,914 F.R.bank notes in actual circulation Deposits: Member "hank - reserve account 2,590,551 165,127 1,024,1*39 131,070 150,892 12,636 5,851 3,712 Government 115,597 17,339 5,I4I l,6l4 1,122 1,522 Foreign bank 15,321 334 6/,495 6,O42 8,154 6,636 Special deposits: member bank — 1,102 2,007 norm ember barik 14,193 157 GO,062 2,157 46,116 699 2,322 Other deposits Total deposits 2,SSU,179 126,579 1,101,3+76 149,395 165,24l Deferred availability items 424,910 53,521 107,114 31,973 37,994 Capital paid in 145,456 10.77S 58,447 l5,75o 12,363 Surplus 20,460 85,05s 29,242 28,294 278,599 All other liabilities 14.310 1,272 2,895 7i"5 3^.091 TOTAL LIABILITIES 6,923,377 506,969 2,059,922 551,387 Ratio of total gold reserves and other ca.sh* to deposit and F#R* note liabilities combined Contingent liability on b i l l s purchased for foreign correspondents Chicago St.Louis Minn. Kans.Qy. Dallas San Fran. 744,364 142,409 91,641 107,142 36,386 213,193 30,276- 5,104 3,480 5,917 14,603 9,341 Rich.. Atlanta 143,054 119,339 1,138 5,878 73,9H 5,119 600 3,12S 745 4.471 87,974 35,997 4,94I 520,255 30,665 1,999 29,434 50,871 6,976 53S 2,109 291 3,498 64,233 12,117 4,577 11,616 10,544 9C,S 2,760 290,71s 219,^9S B~S01-c 4,690 2,202 523 4,292 4,069 5.485 589,967 92,fe24 52,461 19,446 13,092 4,012 39,497 10,186 4,432 1,052 1,^7MS9 275,033 2.924 50,936 102,522 77,164 167,711 75,653 65 # 2 7l#U 59 #1 62*0 62*6 67.9 66.2 72#2 67.S 30,750 2,22+5 10,271 3,229 3»oHH 1,199 1,076 3,992 i,oU5 6,323 354 1,247 3,673 446 11,130 2,195 3,971 446 396 62#H 65^6 65.1 65.2 1,076 2,428 683 316 133 1.128 888 1.429 qt84R 60,304 109,357 83,406 192,873 11,882 25,044 16,187 21,174 3,716 10,649 2,880 4,245 7,019 8,263 8,719 19,701 1,197 771 1,891 1,800 178,^03 261,239 16^,908 ^63,731 707 §92 S92 2,153 MATURITY DISTRIBUTION OF BILLS AHD SEORT TERM SECURITIES Bills discounted Bills bought in open market Certificates and b i l l s Municioal warrants Total 116,507 Within 15 days S7,037 969,297 1,559 69,7^7 l*5+39 6,6bk 639 16 to 30 days 9,217 325 106,070 ^7 . ^ 31 td 60 days 13,796 S03 322,773 31 r 6l to 90 days 5,133 817 1U0,6yS ^2 * "Other cash" does not include F. R. notes or a bank^s own F. R* bank notes* 91 clays to g months 1,203 173,503 0 v e r b montlls 121 156,506 FEDERAL RESERVE HOTE STATEMENT OH NOVEMBER 1, 1933 ( i n thousands of dollars) Total Federal Reserve notes: Issued to F.E.bank by F.R.Agen"! Held by Federal Reserve basic Boston 3,230,352 23U.7S1 263,050 20,617 2,967,302 2lU,ibU In actual circulation Collateral held "by agent as security f o r notes issued to bank: Gold and gold certifica-tcs 1,517,^56 Gold fund - F. R. Board 1,121,105 Eligible paper 7^,1+91 TJ. S. Govt, securities 572,000 Total c o l l a t e r a l New York 7^,012 13^,317 2,136 29,000 3,285,052 239A65 phila. CI eve. Rich. Atlanta B-801-d Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 250,667 292,022 155,H3 132,239 7,059 18,900 17,183 1^,336 639,1^5 233,1+79 277,686 11+8,051+ 119,339 789,212 1^8,1*98 96,SOU 115,102 Ho,618 258,611 523,606 97,1+5° 82,100 72,550 26,368 10,730 90,000 70,000 728,071+ 250,730 1+1+5,272 36,30s 29,669 19,590 20,1+61+ 91,000 290,000 GO,200 36,500 72,800 20,000 90,763 2,205 1,150 1,1+73 2,955 1,11+3 8,965 710,685 71,2*40 107,270 9^,500 8,476 80,000 295,21+6 51,700 65,375 5,009 35,000 157,08*+ 21,115 71,000 3,881 HU,ooo 139,9^6 6,089 5,163 7,960 U,232 1+5,1+18 7^,361+ 11+2,1+09 91,61+1 107,1^2 36,386 213,193 60,000 32,000 30,000 25,000 77,00-; 797,1+77 11+9,653 97,61+2 120,31+5 1+1,607 267,72s FEDERAL RESERVE BAM NOTE STATEMENT ON NOVEMBER 1, 1933 (In thousands of dollars) Total Federal Reserve Lank notes: Issued to F.R.Bank(outstanding) Hold by Federal Reserve tank In actual circulation Boston llovi York Phila. Clevo. Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas Sail Fran. 63,7S9 1 M 9 9 32,183 1,800 6,37s 32,051+ 5,193 7,861 15,806 9,779 89 3,688 208 5^,07S 26,911+ 1,138 5,S7S 30,276 5,101+ 3,1+80 5,917 ii+,603 9»31+i 2,123 21+1,371+ 30,000 1,529 15,000 35,000 2,000 9,'300 1+0,000 250 6,000 1+,100 8,000 S3 18,000 10,000 2I+3,i+97 30,000 6U,27!+ 15,000 36,589 2,000 9,201 1+0,ox) 6,250 H,100 8,000 18,083 10,000 217,221 23,791 188,81+0 20,751+ 11,357 662 1.9H1+ Collateral pledged against outstanding notes: Discounted and purchased bills U.S. Govt. securities Total collateral 201
@FedFRASER