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STATEMENT FOR THE PRESS Released for publication Friday morning, Nov. 9; not earlier. B~S>01 Federal Heserve Board November 8, 1 9 • CONDITION OF FEDERAL RESERVE B A M S The daily average volume of Federal Reserve bank credit outstanding during the week ended November 7, as reported by the Federal Reserve banks, was $2,^57,000,000, an increase of $2,000,000 c ompar eci w i th the preceding week and a decrease of $107,000,000 compared with the corresponding week in 1933* On November 7 total Reserve bank credit amounted to $2,^40,000,000, a decrease of $15,000,000 for the week. This decrease corresponds with a decrease of $86,000,000 in Treasury cash and deposits with Federal Reserve banks and increases j of $6,000,000 in monetary gold stock and $0,000,000 in Treasury and National bank currency, offset in part by increases of $49,000,000 in money in circulation, $26,000,000 in member bank reserve balances and $11,000,000 in nonmember deposits and other Federal Reserve accounts. There were practically no changes in the System's holdings of bills discounted, bills bought in open market and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the wedc and the year ended Hovember 7> 193^» follows: Increase or decrease since Nov. 7 193U Oct. 31 193H~ Nov. S 1935 (In millions of dollars) Bills Bills U. S. Other discounted bought Government securities Reserve bank credit 11 O 2.U30 — - — — -7 -15 TOTAL RESERVE B A M CREDIT M0netary gold stock Treasury and National bank currency 2,440 -15 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R. banks Nonmenber deposits and other F.R. accounts 5,503 M32 -101 — g.OOg +6 2.U42 + s +ks +26 -86 +11 . 1 — -102 +3,972 +167 +117 +1,^51+ +2,571 -10H Released for publication Friday morning, November 9, 193*+'» no,fc earlier. B-SOla ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Hov. 7, 1934 Oct. 31.1934 Nov. 8, 1933 ASSETS Sold 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: Sec. by U.S.Government obligations . 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 . . 4,993,077 — 4,966,481 — 943,580 2,595.^3 39,266 214.007 3,792,296 11,457 21,296 212,643 5,232,016 2,204 22,032 223,407 5.211,920 1,829 5,003 5.666 10,669 6,073 6,617 4,986 5,999 io,9S5 6,082 6,149 26,29s 85,963 112,261 6,737 395,589 1,411,717 622.836 2,430,192 395,578 1,411,707 622.886 2,430,171 441,210 1,020,979 967,912 2,430,101 1,559 — 2.247 — Total bills and securities . . . . Due from foreign banks . . . . . . . . F. R. notes of other banks Uncollected items . Bank premises . . All other assets . . . 2,455,79s 819 19,538 4o4,194 53,084 48,381 2,453,387 311 19. ^39.993 52,97^ 48,094 2,550.65s 3,700 16,242 341,276 54,730 48,822 TOTAL ASSETS 8,216,034 8,223,752 6,819,731 3,189.172 28,313 3,160,777 23,664 2.932,997 193,678 4,031,551 33,049 9,074 163,058 4,236,732 420,265 146,777 138,383 1,480 22,291 32,021 8,216,034 4,005,999 92,293 8,952 154,553 4,261,802 2,577,552 90,926 10,682 149,964 2,829,124 354,523 145,301 278,599 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 bank Other deposits Total deposits Deferred availability items Capital paid in .. Surplus (Section j) Surplus (Section 1 3 b ) . . . Reserve for contingencies . All other liabilities TOTAB LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . Contingent liability on bills purchased for foreign correspondents Commitments to make industrial advances 70.5$ 433.939 146,777 138,383 845 22,291 30,274 3,228,752 70.2$ — 12,090 23.409 6,819,781 65.2$ • 390 3,822 465 3.218 10,700 — ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON NOVEMBER 7, 1934 (In thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Gold certificates on hand and due 99S,077 378,7^0 1,633,808 268,993 372,299 205,411 from U. S. Treasury 2,201 Redemption fund ~ F. R. notes 21,296 1,452 2,544 2,303 899 8,618 Other cash 46,684 33,194 11,783 212,643 25,840 Total reserves 5,232,016 405,479 1,681,944 304,736 386,385 216,230 — 2,204 Redemption fund - IT.R.bank notes 250 1,954 Bills discounted: Secured by U.S.Govt. obligations 5t°03 2,459 330 79 353 1,435 5,666 24 81 Other bills discounted 229 4,327 597 Total bills discounted 1,459 l60 10,669 582 6,786 927 6,073 4o4 209 2,44s 52S Bills bought in open market 583 269 Industrial advances 1,502 469 6,617 174 1,169 U.S,Government securities: Bonds 395,539 23,212 140,957 25,137 30,558 14,856 Treasury notes 448,075 98,609 126,040 61,274 1,411,717 92,881 Certificates and bills 622,886 41,584 188,723 43,374 56,427 27,433 2,430,192 157,677 Total U.S. Govt, securities 777,755 167,120 213,025 103.563 801 230 84 212 Foreign loans on gold 2,247 159 Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS 2,455,798 161,201 819 61 365 19,538 4o4,194 50,089 53,084 3,224 48.^81 59s B-SOIb Chicago St.Louis Minn. Kans.Cy. Dallas San Frai 128,000 1,045,377 200,169 142,588 186,925 115,026 320,736 369 1,682 S85 3,760 703 3,785 713 28,326 11,859 10,818 6,529 11,362 10,317 7,313 142,102 1,075,385 212,741 154,291 194,94I 121,924 335,858 — — — 35 101 50 136 302 537 50 706 634 13,560 55,739 24,953 94,252 77 62,144 250,364 115,835 428,343 279 788,259 169,129 214,521 105,185 95,304 309 28 7S 87 31 438 2,611 980 5,145 1,009 89,780 29,792 34,678 41,392 14,029 6,788 3,128 4,541 2,372 11,523 33,044 1,405 5,936 1,589 1,946 — — — — 44 10 115 36 63 228 54 115 374 151 80 713 291 154 220 13,79S 15,356 54,S4S 34,871 24,554 15.3S0 13,334 54,232 24,278 18,819 23,858 36,372 98,412 16,284 44,061 93,200 65,607 91,844 62 73 51 71,475 166,331 62 157 430,012 93,816 106 9 3,612 1,086 53,035 18,817 7,387 3,126 941' 208 15 3 18 154 541 25 30 55 390 15 66,602 92,571 72,250 166,948 6 58 23 23 1,066 296 974 1,956 11,94s 24 ,216 17,390 19,028 1,664 3,485 4,089 1,757 3SU 898 5^7 873 8,216,034 621,267 2,611,95s 514,659 644,864 370,166 256,761 l,570,480 329,303 236,333 316,686 214,513 528,494 ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BANKS ON NOVEMBER 7, I93I+ (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. F.R.notes in actual circulation 3,129,172 F.R.bank note circulation - net 28,313 Deposits: Member bank - reserve account 4,031,551 U.S.Treasurer - General account 33,0^9 Foreign bank 9,074 Total deposits Deferred availability items Capital paid in Surplus (Section 7 ) Surplus (Section 13 b) Reserve for contingencies All other liabilities TOTAL LIABILITIES 265,141+ 924 Cleve. 657,231+ 239,820 300,515 27,389 Rich. Atlanta 173,655 137,740 B-SOlc Chicago St.Louis Minn. ICans.Cy. Dallas San Fran, 773,613 143,799 107,0^6 117,966 5M73 217,717 - 281,064 1,600,898 201,01*5 272,940 135,251 78,163 2,17^ 499 551 1,922 505 9,973 916 846 30s 3,312 335 163,058 4,236,732 287,405 1,704,55s 209,931 280,196 139,660 92,520 420,865 45,495 90,862 33,129 33,904 45,352 13,683 146,777 10,804 59,517 15,213 13,026 4,972 4,376 13S,383 9,610 45,217 13,352 14,090 5,171 5,145 685,057 139,5S1 98,986 159,897 125,815 252,851+ 148 2,355 1,729 7,295 2,013 3,870 203 247 247 625 1,110 291 695,720 155,265 109,851 163,505 129,516 268,605 59,553 20,51+8 11,366 26,1+06 20,882 19,685 12,720 4,119 3,104 4,123 4,050 10,753 20,681 4,756 3,420 3,613 3,683 9,61+5 «... 1,480 634 252 216 37S 22,291 1,053 2,300 2,486 850 1,026 619 1,620 4,737 2,345 2,967 1,155 1,133 32,021 832 S69 201 833 466 31s 23s 22,394 1+69 4,592 376 433 8,216,031+ 621,267 2,611,95s 514,659 644,864 370,166 256,761 1,570,1+80 329,203 236,383 316,686 2ii+,5i3 528,1+94 — Ratio of total reserves to deposit and F. R. notes liabilities combined 70*5 Contingent liability on bills purchased for foreign correspondents .39® Commitments to make industrial advances 3,822 — 73*4 — 71.2 67.8 — 61.7 66.5 69.O 73.2 71.1 33 S6 46 45 lg 16 15 962 993 36 103 119 370 863 71.1 69.3 6 6 . 1 6 9 . 1 11 13 13 33 204 172 MATURITY DISTRIBUTION OF BILLS AND SSDRT TERM SECURITIES Total Bills discounted Bills bo-ught in open market Industrial advances Certificates and bills 10,669 6,073 6,617 622,886 Within 15 days 8,095 1,140 36,1+25 1 6 to 30 days 31 to 60 days 865 1,268 598 60 237 86 229,924 6l to 90 days 293 1+.098 ISO 49,050 91 days to 6 months Qver 6 months 11+6 2 1+34 288,01+7 5,322 19,1+Uo FEDERAL RESERVE NOTE STATEMENT ON NOVEMBER 7, (In thousands of dollars) Total Boston Federal Reserve notes: Issued to F.R.bank by F.R.agent Held by Federal Reserve bank In actual circulation Collateral..hold ;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 New York Phila. Cleve. Rich. Atlanta I93I+ B~801d Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 3,1+59,862 23b 9 2hi 270,690 <37 3,189,172 265,144 71+9,823 256,129 31^7^9 1SH?857 15^,990 805:993 1^7,9^0 i n f i o 6 123,671+ 59,962 256,388 9 2 ^ 9 1 6 ; 3 0 9 i^-r2I-4 11^:02 171250 32,380 k,iki U,o6o 5,708 5,089 38,671 657,284 239,8^0 300,515 173,655 137,7^0 773,613 1^3,799 107,01+6 117,966 5 M 7 3 2 1 7 , 7 1 7 3,252,916 29^,117 9,0145 1J+59 773,706 212,000 271s431 158,31+0 85,385 5,388 7U3 582 133 220 1+4,000 5 0 : 0 0 0 23 f 000 70,000 255,1+00 3,517.361 295,576 779,09^ 256,7^3 322,013 186,1+73 155,605 812,513 11+2,936 108,500 116,550 61,675 215,763 50 51+ 116 2I+3 18 39 6,000 3 f Uoo 10,000 — i+i+,ooo 812,563 11+8,990 112,016 126,793 61,693 259,802 FEDERAL RSS3RVE BANK NOTE STATEMENT ON NOVEMBER 7, I93I+ (In thousands of dollars) Total 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 Boston New York Phila. 39,667 11,35*+ 1,511 587 27,91+8 10,208 559 10,208 1+5,271+ 5,000 28,27*+ 12,000 ^5,27l+ 5,000 28,27^ 12,000 28,313 92l+ 27,389 Cleve, Rich, Atlanta ~ Chicago St.Louis — Minn. Kans.Cy, Dallas San Fran, — — •Does not include $85,025,000 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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