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STATEMENT FOR THE- PRESS Released for publication Saturday morning, Dec. 1; not earlier. B-SOl Federal Reserve Board November 30® 193^*• CONDIT1021 OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve "bank credit outstanding during the week ended November 28, as reported by the Federal Reserve banks, was $2,H6H,000,000 a decrease of $13,000,000 compared with the preceding week and of $120,000,000 compared with the corresponding week in 1933• On November 28 total Reserve bank credit amounted to $2,^60,000,000, a decrease of $10,000,000 for the week. This decrease corresponds with a decrease of $SS,000,000 in member bank reserve balances and increases of $36,000,000 in monetary gold stock and $10,000,000 in Treasury and national bank currency, offset in part by increases of $61,000,000 in money in circulation and $61,000,000 in Treasury cash and deposits with Federal Reserve banks. The System's holdings of bills discounted and of industrial advances increased $1,000,000, each, while holdings of bills bought in open market and of United States Government securities remained practically unchanged. Changes in the amount of Resei-ve bank credit outstanding and in related items during the week and the year ended November 2S were as follows: Increase or decrease since Nov. 28 Nov. 21 Nov. 29 1933 (In millions of dollars) Bills discounted Bills boiaght U, S. Government securities Industrial advances (not including f million commitments - November 28) Other Reserve bank credit 12 6 — -107 -IS — - 2 10 2 + 1 +10 2,U6O •^,076 2,Uo9 -10 +36 +10 5,516 +61 +61 TOTAL RESERVE B A M CREDIT Monetary gold stock Treasury and national bank currency 2,112 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmember deposits and other T.R. accounts Mos + 1 3,017 w -12 -88 +61 + 1 - 5 -121 +192 +1,535 +2,6k8 -97 Released for publication Saturday morning, Dec. 1,193*+; n o t earlier. B-SOla ASSETS AED LIABILITIES OP THE TWELVE FEDERAL KSSERVE BAMS COMBINED (in thousands of dollars) Nov. 28,1931* gov. 21.1931* Nov.29. 1933 ASSETS Gold certificates on hand and due from U. S. Treasury Gold Redemption fund - F. R. notes Other cash Total reserves Redemption fund - F. R. bank notes . . . Bills discounted: Secured "by U.S.Gov't, obligations,direct and/or fully guaranteed Other bills discounted Total bills discounted Bills bou^it in open market Industrial advances . . . . . . . . . . U. S. Government securities: 3onds Treasury notes . Certificates and bills Total U.S. Government securities Other securities Foreign loans on gold Total bills and securities . . . . Due from foreign banks F. R. notes of other banks Uncollected items Bank premises . . . All other assets TOTAL ASSETS 91+2,790 5,087,272 r-, 20,13$ 220,216 5,327,626 l,88o 5.055.529 19,337 21*0,299 5,315.665 1,886 20U.583 3.777.821 11.990 7>315 '4.557 11,872 5.683 9,769 *6,073 *l*,650 36,959 82,082 10,723 119,Okl 395,5141. l,UlO,257 62H.368 2,1+30,169 — 3.050 2,460,51*3 803 20,01*1 1+25,277 53»l6U 50,561 2.5S9.560 1*0,888 5,685 8,673 23,866 395.550 1+1+2,675 1,03U,003 95*+,959 2,^31.637 1.580 1,1+10,229 621+.368 2.1+30.1^7 10,339. 2,1+65,567 800 2,576,121* 25,055 486,032 53,162 1+9.760 15, ^ 3.523 375,332 5^.732 50. ^1+2 . 8,339,901 8,397,927 6,s65,398 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 (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 on bills purchased for foreign correspondents 3,188,1+71 27,77!* 3,157,686 27,769 3,030,329 205,39*+ 1*,108,1*53 85,576 16,992 ll*3,000 4,35^,021 1*27, ll6 1^6,879 138,383 2,682 22,291 32,28** 8,339,901 1*, 195,892 32,699 2,572,91*2 81,519 11*2.555 1*, 387,700 1*82,899 136.689 2,796,1*71* 373,730 LIABILITIES Commitments to make industrial advances 70,6$ 16,551* ll*7,023 138,383 2,21*7 22,291 31,929 8,397,927 70.1$ I4.9O 295 6,657 5,063 5.321+ 11*5,191* 278,599 12,090 23,588 6,865,398 6l*.8# 2,893 •Figures revised. ASSETS AM) LIABILITIES OP THE FEDERAL RESERVE BAMS ON NOVEMBER 28, 1934 (In thousands of dollars) ASSETS Total Boston Hew York Fhila. Cleve, Gold certificates on hand and due 5,087,272 365,160 1,768,873 257,231 334,717 from U. S. Treasury 20,13s 1,164 2,767 2,428 Redemption fund - P. R. notes 855 220,216 25,353 47,052 31,9^3 11,679 Other cash 5,327,626 391,363 1,817,089 291,946 398,824 Total reserves — Redemption fund - F.R.bank notes 1,886 250 1,636 Bills discounted: Secured "by U.S.Gov't, obligations, 610 direct and/or fully guaranteed 4,541 95 7,315 1,526 Other "bills discounted 3,623 32 439 4,557 215 Total bills discounted 310 11,872 1,558 .8,164 1,049 Bills botight in open market 4o4 528 2,058 5,683 583 Industrial advances 37s 1,663 617 1,709 9,769 U.S.Government securities: 395,5^4 23,207 140,957 25,137 30,^58 3onds Treasury notes 1,410,257 92,612 449,273 98,329 125,675 624,368 41,852 187,525 43,654 56,791 Certificates and bills Rich. Atlanta B-SOlb Chicago St.Louis Minn. Kans.Cy,. Dallas San Fraj 188,556 112,694 1,086,332 189,531 139,278 179,906 109,371 305,623 689 1,920 3,615 1,572 679 357 359 28,560 12,165 11,257 9,007 7,438 14,676 9,956 11,125 200,432 127,434 1,116,464 202,375 150,894 189,602 117,166 324,032 — 79 60 — — 35 82 225 13 59 3 62 209 302 117 238 706 1,335 73S 733 139 14,857 13,526 61,097 55,5S5 27,609 25,II4 115 376 "" 24 24 80 i,o4o — — 44 51 95 154 257 65 65 154 678 36 15 51 390 ,245 62,143 13,796 15,353 13,332 18,820 23,858 249,739 54,690 3^,786 54,076 36,267 98,128 116,46i 24,714 15,^79 24,436 16,388 44,345 Total U.S.Gov't, securities Foreign loans on gold 2,430,169 157,671 3,050 220 777,755 167,120 213,024 103,563 116 318 1,053 293 107 428,343 93,200 65,618 91,844 71,475 166,331 101 85 385 70 217 85 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets 2,460,543 161,516 803 61 789,647 170,779 214,533 105,362 95,489 294 28 87 78 31 920 2,361 883 5,515 525 104,611 36,714 38,912 41,972 14,115 11,569 4,567 6,788 3,133 2,372 35,568 5.7S7 1,425 1,450 1,906 430,405 93,854 66,832 92,435 72,457 167,234 106 6 9 23 57 23 2,737 1,274 1,135 799 327 3,170 49,098 20,482 13.W5 23,114 15,272 22,36s 7,389 3,127 1,664 3,485 1,757 4,089 520 856 422 882 967 217 TOTAL ASSETS 20,041 395 425,277 45,17^ 53,164 50,561 3,224 561 94,225 8,339,901 602,549 2,765,929 510,405 66lf4gO 35^,7^1 242,227 1,607,166 321,33s 23^,832 309,880 207,884 521,470 ASSETS AHD LIABILITIES OP THE FEDEBA.L RESERVE BAMS Oil NOVEMBER 28, 1934 (In thousands of dollars) LIABILITIES Total 3,188,471 P.R.notesr in actual circulation F.R.bank note circulation - net 27,774 Deposi ts: 4,108,453 Member bank - reserve account 85,576 U.S.Treasurer - General account Foreign "bank 16,992 Other deposits 4,354,021 Total deposits Deferred availability items 427,116 Capital paid in 146,879 Surplus (Section j) 138,383 Surplus (Section 13 t>) 2,682 Reserve for contingencies 22,291 All other liabilities 32,284 TOTAL LIABILITIES 8,339,901 Ratio of total reserves to deposit and F.R. note liabilities combined J0,S Contingent liability on bills purchased for foreign correspondents 490 Commitments to make industrial advances 6,657 Boston Hew York Phila. Cleve. Rich. Atlanta 264,953 668,324 241,875 301,144 173.396 136,196 1,015 26,759 261,011 1,694,324 194,150 279,999 121,505 72,690 42,110 3,137 6,796 5,641 2,731 2,869 5,344 1,852 1,710 623 1,282 677 94,944 2,621 1,295 3,670 985 3,541 266,457 1,836,722 201,760 292,175 128,808 79,585 46,906 102,321 35,029 37,561 4l,o46 13,632 10,931 9,610 76s 1,053 59,583 15,147 13,064 45,217 13,352 14,090 — — — 183 2,300 2,345 4,737 22,266 963 897 4,972 5,171 — ^ 1,155 4,373 5,145 378 2,486 432 856 193 602,549 2,765,929 510,405 661,480 354,741 242,227 73.6 72.5 67.2 65.S 66.3 Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 771,979 142,582 106,608 117,125 292 32 29 11 11 1,245 2,113 308 738 119 464 53,727 210,562 725,^53 135,241 99,482 156,175 124,005 244,418 6,396 10,065 1,120 1,304 l,4s6 1,921 588 2,244 4l0 1,264 499 499 1,049 1,314 10,546 5,265 2,871 739,076 147,495 106,461 161,031 127,474 5^,357 21,104 13,401 22,899 17,363 12,71s 4,118 3,119 4,050 4,050 20,681 4,756 3,420 3,613 3,683 — 504 634 215 S50 1,026 619 2,967 32s 4,754 433 293 1,607,166 321,33s 234,832 309,SS0 207,884 59.1 22 B-gOlc 266,977 21,497 10,754 9,645 — — 70.S 69.8 73.9 38 10 975 — 415 521,470 64.7 68.2 7 1,620 8 67.9 8 22 503 192 MATURITY DISTRI3UTI0F OP BILLS AIID SHORT TERM SECURITIES Bills discounted 3ills bought in open market Industrial advances Certificates and bills Total 11,872 5,683 9,769 624,36s Within 15 days 9,884 2,745 42 16 to 30 days 866 250 83 195,575 31 to 60 days 398 1,799 164 65,899 91 days to 6l to 90 days 6 months 25 699 889 1,294 235 2S4 78,200 f6g4 Over 6 months 7,951 FEDERAL RESERVE HOTE STATEME1TT ON NOVEMBER 28, 1934 (In thousands of dollars) Total Boston New York Phila. Cleve» Federal Reserve notes: Issued to F.R/bank "by F.R.agent Held "by Federal Reserve bank In actual circulation Collateral held "by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury Eligible paper U. S. Govt, securities Total collateral 3,464,219 293*056 Rich.. Atlanta 758*79*+ 257,3^7 316,860 184,022 153,271 B-SOld Chicago St*Louis Minn* Kans.Cy. Dallas San Fran, 803,281 1^7»256 111,487 124,688 59,956 254,201 3,188,471 264,953 668,324 241,875 301,144 173,396 136,196 31,302 M 7 H 4,879 7,563 771,979 142,582 106,608 117,125 3,243,416 291,617 773,706 209,000 272,431 150,340 85,385 6,725 881 310 113 201 48,000 45,000 35,000 70,000 812,513 137,936 110,500 122,550 61,675 215,763 238 61 — 49 * 65 36 10,000 i,700 5,000 44,000 780,431 257,881 317,7^1 185,^53 155,586 812,751 1^7,997 112,200 127,599 61,740 259,799 27517^8 28,103 10,237 1,558 258,700 3,512,353 293,175 90 ^70 15»^72 15 >716 10,626 17,075 6,229 43,639 53,727 210,562 FEDERAL RESERVE BAIE HOTE STATEMENT Oil NOVEMBER 28, 1934 (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 39,049 11,275 27,77^ 1,511 496 1,015 27,330 571 26,759 10,208 10,208 — 44,574 5,000 27,574 12,000 — 44,574 5,000 27,574 12,000 Rich, Atlanta Chicago St.Louis Minn* Kans.Cy, Dallas San Fran, — — — Total collateral •Does not included $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.
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