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STATEMENT FOR THE PRESS B-801 Federal Reserve Board November 22, 193^. Released for publication Friday morning, Nov. 23; not earlier. CONDITIO]? OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the weak ended November 21, as reported by the Federal Reserve banks, was $2,^77,000,000, an increase of $8,000,000 compared with the preceding week and a decrease of $$7*000,000 coirpared with the corresponding week in 1933* On ifo^ember 21 total Reserve bank credit amounted to $2,^70,000,000, a decrease of $4,000,000 for the week. This decrease corresponds with decreases of $25,000,000 in money in circulation, $8,0QG,0QC in Treasury cash and deposits with Federal Reserve banks and $5,000,000in non member deposits and other Federal Reserve accounts and increases of $46,000,000 in monetary gold stock and $9,000,000 in Treasury and national bank currency, offset in part by an increase of $89f000,000 in member bank: reserve balances. The System's holdings of bills discounted increased $2*000,000 and of industrial advances $1,000,000, while holdings of bills bought in open market and United States Government securities remained practically "unchanged. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended November 21, 193^> w e r e a s follows: Increase or decrease since Nov. 21 19ft Nov. Ik 19^ Nov. 22 193? (In millions of dollars) + 2 -101 Bills discounted Bills bought U. S. Government securities Industrial advances (not including 5 million commitments - November 21) Other Reserve "bank credit 11 6 2,^30 Ik + 1 - s + 9 +15 TOTAL RESERVE B A M CREDIT Monetary gold stock Treasury and national bank currency 2,1+70 8,076 2,^59 +46 + 9 -92 +4,0^0 +183 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R. banks Honmember deposits and other F.R. accounts 5.^55 M96 2,956 39S -25 +89 - 8 - 5 + 89 +1,509 +2,6^0 -106 9 -lb — — - 1 Released for publication Friday morning, November 23, 193^Inot earlier. B-SOla ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Nov* 21.193U Nov, A , 193*1 Nov. 22,1933 ASSETS Gold certificates on hand and due from U. S. Treasury Gold Redemption fund - F. R. notes • . . . . Other cash • Total reserves Redemption fund - F. R # bank notes . • . Bills discounted: Secured by U.S.Gov't. obligations,direct and/or fully guaranteed . Other bills discounted . . . Total bills discounted Bills bought in open market . Industrial advances U. S. Government securities: Bonds • • • • • • • • • Treasury notes . .. Certificates and bills . . . •• Total U»S»Government securities Other securities Foreign loans on gold ....... Total bills and securities • • • Due from foreign banks F. R. no tear of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 19,837 240.299 5,315,665 1,886 21,496 231,228 5,271,411 2,071 943,600 2,593.662 38,518 227,086 3,802,866 11,858 6,063 4.660 4,816 4,326 28,464 83,688 10,723 5,685 8.673 9,1^2 5,708 7,753 112,152 20,294 395,550 1,1*10,229 624,36s 2,430,147 395,5^5 1,410,942 623,687 2,430,174 442,212 1,030,473 958,409 2,431,094 1,580 5,055,529 5,018,687 — — — 10.339 — 2,465,567 goo 25,055 486,032 53,162 49,760 15.765 2,468,542 802 21,885 607,241 53,084 49. l 4 l 8,397,927 8,474,177 6,900,670 «... 2,565,120 3,579 16,658 396,168 5^,732 49,689 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 banlc Other deposits •. Total deposits Deferred availability items • • • . . Capital paid in . * . . Surplus (Section 7) Surplus (Section 13 b) # Reserve for contingencies All other liabilities ........ TOTAL LIABILITIES . * . . Ratio of total reserves to deposit and F. R # note liabilities combined . . Contingent liability 011 bills purchased for foreign correspondents . . . . . 3,157,686 27.769 3,178,512 28,164 2,970,210 200,697 4,195,892 32,699 16,55^ 142.555 4,387,700 482,899 147,023 138,383 2,247 22,291 31,929 8,397,927 4,106,927 53,180 11,465 151,99^ 4,323,566 602,273 146,985 138,383 2,247 22,291 31.756 8,474,177 2,687,291 31.216 8,824 140.355 2,867,686 402,536 1^5,152 278,599 295 4oi Commitments to make industrial advances 5,063 4,257 70.4$ 70.3$ — 12,090 23,700 6,900,670 65.1$ 3,218 ASSETS AND LIABILITIES OP THE FEDERAL RESERVE B A M S Oil NOVEMBER 21, 1934 (In thousands of dollars) A S S E T S Total Boston New York Phila. CIeve. Rich. Atlanta B-SOlb Chicago St.Louis Minn. Kans.Cy. Dallas San Fran Gold certificates on hand and due from U. S. Treasury 5*055,529 365,014 1,779,^86 253,50*1 373,529 187,814 108,657 1,052,583 196,522 140,3144 180,007 111,380 306,689 1,161+ 1,920 2,1+66 2,1+28 1,572 689 Hedemption fund - F. R. notes 357 679 359 19,837 3,615 3,733 855 ll,4l6 12,561 9,926 3!+, 892 13,092 27,3*8 31,817 1 1 , 3 0 7 8,923 Other cash 7,195 16,505 2^0,299 55,317 Total reserves 5 , 3 1 5 , 6 6 5 393,217 1,835,967 290,862 389,0^9 199,660 123,688 1,085,972 209,762 152,010 189,619 118,932 326,927 — — — — — — — — — — 250 1,886 1,636 Hedemption fund - F.R.bank notes Bills discounted: Secured by U.S.Gov't, obligations, 44 1,720 3,288 65 58 390 35 direct and/or fully guaranteed 6,063 125 19 29 275 103 4,660 — 26 45s 240 76 3,650 32 Other bills discounted 57 15 3 Total bills discounted Bills bought in open market Industrial advances U.S.Government securities: Bonds Treasury notes Certificates and bills Total U.S .Gov11. securities Foreign loans on gold Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 22 29 80 966 13* 302 688 i4o 706 703 395,550 23,206 1,410,229 92,613 62^,368 Ul,S52 11+0,957 25,137 30,558 14,857 13,550 449,273 98,329 125,675 61,097 55,578 187 ,525 1+3,651+ 56,792 27,609 25,114 62,143 249,739 116,46l 13.796 15,337 54,690 3*.762 24,714 15.*79 2,^30,1H7 1 5 7 , 6 7 1 94,242 362 1+28,343 93,200 7*5 777,755 167,120 213,025 103,563 3,577 1,075 993 393 2,1*65,567 162,239 790,946 170,622 215,089 105,566 95,728 290 87 752 7,91* 119,278 1+1,1+71 4,567 11,569 3*,606 5,853 28 1,131 16,515 2,372 1,931 ^31,195 94,054 106 2,930 1,660 61,908 21,693 7,387 3,127 225 997 10,723 5,685 8,673 10,339 1,777 4o4 1,642 800 60 386 25,055 1*86,032 51,738 53,162 3.22H 593 6,938 2,060 616 8l+8 583 996 275 528 268 97 209 1,304 78 31 1,237 3,259 1+4,362 45,123 6,788 3,133 1,463 1,420 1,303 115 376 1*7 154 259 275 154 610 4i 390 245 13,332 1S,819 23,85? 5*. 077 36,268 98,128 24,435 16,388 44,345 65,578 91,344 289 238 3*1 71,475 166,331 289 73* 92,693 72,803 167,741 66,891 7 891 1,456 28,258 13,761 1,664 3,*85 384 872 23 399 17,832 1,757 875 58 3,040 24,093 4,089 5*1 8,397,927 611,707 2,802,206 5l4,2l4 658,023 358,235 241,393 1,590,495 330,530 236,096 3 1 5 , 9 1 8 2 1 2 , 6 2 1 526,489 ASSETS AMD LIABILITIES OP THE FEDERAL RESERVE BAKES Oil 1T0VSII3ER 21, 1934 (In thousands of dollars) L I A B I L I T I E S ?.R.notes in actual circulation J-.R/banlc note circulation - net deposits: Member bank - reserve account U.S.Treasurer - General account Foreign tank Other deposits Total deposits Deferred availability items Capital paid in Surplus (Section 7) Surplus (Section 1 3 b ) Reserve for contingencies All other liabilities B-SOlc Total Boston New York Phila. Cleve. Rich. Atlanta 3,157,686 262,697 61+6,857 236,982 298,447 1 7 2 , 1 1 6 136,650 1,001 26,768 — 27,769 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 769.449 1^2,756 106,689 1 1 7 , 4 8 7 5U,551 213,005 4,195.392 268,434 1 , 7 7 ^ , 1 3 0 199,8^6 274,098 128,225 1,890 5,011 1,621 6,482 1,561 32,699 634 10,792 916 846 335 16,554 1,966 90,883 3,287 3,S36 833 142,555 71,018 925 308 3,715 704,415 141,459 100,996 158,115 124,969 250,187 276 7,890 2,172 1,295 989 2.537 203 1,110 291 247 62s 247 6,500 1,615 10,799 1.^55 14,294 3,372 4,337,700 272,924 1,880,816 205,670 285,262 130,954 75.966 15,934 4,377 5,1^5 715,030 1 5 4 , 7 2 1 107,975 162,723 127,966 267,693 64,270 22,882 13,407 26,972 20,571 23.283 4,115 4,109 4,052 10,769 3,H9 12,719 20,681 4,756 3.420 9,645 3,683 3.613 — - 634 215 252 1,026 619 850 1,620 2,967 1.133 450 180 208 474 665 4,745 482,899 147,023 133,383 2,247 22,291 31,929 51,359 10,931 9,610 768 116,305 39,753 ^3,960 43,653 59.573 1 5 , 2 1 4 13,068 4,972 4 5 , 2 1 7 13.352 14,090 5,171 „ „ 4,737 21,928 2,345 898 2,300 896 1,155 214 2,4S6 407 3,397,927 611,707 2,802,206 5 1 4 , 2 1 4 653,023 353,235 241,393 1,590,495 330,530 236,096 3 1 5 , 9 1 s 212,621 526,433 Ratio of total reserves to deposit and F.R. note liabilities combined 70.4 73.2 70.5 70.8 67.7 65.2 68.0 72.6 65.7 66.7 65.9 58.2 73 Contingent liability on bills purchased for foreign correspondents 295 33 10 7 8 8 22 22 97 32 29 11 11 Commitments to make industrial advances 5,063 910 — 192 — 462 1,237 1,368 88 218 119 469 TOTAL LIABILITIES MATURITY DISTRIBUTION OF BILIS AHD SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Industrial advances Cervificstes and bills 10,723 5,685 8,673 624,36s Within 15 days 3,992 3,015 34 16 to 30 days 1,034 224 73 173,325 31 to 60 days 296 1,732 191 73.349 6l to 90 days 310 664 232 75.317 91 days to 6 months 89 919 282,320 Over 6 months 2 7.224 19.557 FEDERAL RESERVE NOTE STATEMENT OK 1IOVEMBER 21, 1934 (In thousands of dollars) Total Boston Hew York PMla. Federal Reserve notes: Issued to F.R.baric by F.R.agent 3,457,582 292,345 Eeld by Federal Reserve bank 299,896 29,6^8 3,157,686 262,697 In actual circulation Collateral held by agent as security for notes issued to bank: Gold certificates on hand ana 3,250,916 294,117 due from TJ. S. Treasury 8,251+ 1 , 7 7 7 Eligible paper 25*4,700 U. S. Govt, securities Total collateral 3,514,470 295,394 Cleve. Rich. Atlanta 751,782 256,263 316,920 184,460 154,046 104,925 19 $281 18,5.73 12,344 17,396 646,857 236,982 298,447 172,116 136,650 B-SOld Chicago St .Louis Minn. Kans.Cy. Dallas San Fran, 801,281 148,266 111,254 125,877 59*970 255,118 31,832 5 , 5 1 0 11,565 8,390 5,^19 42,113 769,^9 142,756 106.,689 117,487 54,551 213,005 773,706 208,000 272,431 150,31+0 85,335 812,513 11+3,936 110,500 122,550 61,675 215,763 5,269 680 275 70 218 l40 22 1 102 275 25 Us,000 45,000 35,000 70,000 — 6,000 1,700 5,000 ~ i+i+,ooo 778,975 256,630 317*706 185,1+10 155,603 812,653 149,95s 112,201 127,652 61,950 259,788 FEDERAL RESERVE BA21K 1T0TE STATEMENT Oil NOVEMBER 21, 193*+ (In thousands of dollars) Total Boston Hew York Phila. Cleve. Federal Reserve bank notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Govt, securities Total collateral 39,01+9 11,280 1,511 510 27,330 10,208 562 10,208 27,769 I,oqi 26,76s 44^74 44,574 5,000 27,574 12,000 27,574 12,000 5,000 — Rich. Atlanta — Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. — — — •Does not include $83,139,000 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