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STATEMENT FOR THE PRESS Released for publication Friday morning, Nov* 10; not earlier* B-801 Federal Reserve Board November 9, 1933r COi'TDITIOlT OF FEDERAL RESERVE BAMS She daily average volume of Federal Reserve bank credit outstanding during the week ended November 2, as reported "by the Federal Reserve banks, was $2,564,000f000, an increase of $15,000,000 compared with the preceding week and of 000,000 compared with the corresponding week in 1932* On llovember S total Reserve "bank credit amounted to $2,542,000,000, a decrease of $8,000,000 for the week* This decrease corresponds with decreases of $13,000,000 in member baric reserve balances and $15,000,000 in unexpended capital funds, nonmember deposits, etc., and an increase of $15,000,000 in 'Treasury currency, adjusted, offset in part by an increase of $33,000,000 in money in circulation. Bills discounted decreased $5,000,000 at the Federal Reserve Bank of San Francisco and a like amount at all Federal Reserve bonks# Tfte System's holdings of bills bought in open market show practically no change for the week, holdings of United States bonds declined $2,000,000 and of Treasury certificates and bills $1,000,000, and holdings of United States Treasury notes increased $13,000,000# Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended llovember 8, 1933 > were as follows: Increase or decrease since Hov# S Nov. 1 Nov. 9 1933 1933 1932 (in millions of dollars) Bills Bills U* S* Other discounted bought Government securities Reserve bank credit TOTAL RESERVE BA1TK CREDIT Monetary gold stock Treasury currency adjusted Money in circulation Member bank reserve balances Unexpended capital funds,nonmember deposits, etc 1. 3. f?rniAt« 112 7 2,430 -7 - 5 +10 -i4 - 199 27 + 579 - 2,5*12 - S 4,323 1,903 +15 5,673 2,57S +33 -13 + 51b -15 4 10 + 343 + 53 15 22 236 122 Released for publication Friday morning, Nov. 10,1333; not earlier# B~S01~a ASSETS AITD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Nov. 8,1935 Nov. 1,1933 Nov, 9»1932 ASSETS Gold with Federal Reserve agents . . • # 2,637,126 Gold redemption fund with U.S.Treasury # 39,266 Gold held exclusively againstff.H.notes2,676,392 Gold settlement fund with F. R. Board . 661,187 Gold and gold certificates held "by hanks 2^0,710 Total gold reserves . . . . . 3>573,229 Other cash* 2lU,007 Total gold reserves and other cash , 3,792,296 Redemption fund - F. R. "bank notes . # 11/457 Bills discounted: Sec. by U.S.Government obligations . 26,293 Other "bills discounted . Total bills discounted . . . . # 112,261 Bills bought in open market . . . • . # 6,737 U.S. Government securities: Bonds , , 1^1,210 Treasury notes 1,020,979 Certificates and bills ...... 967,912 Total IKS, Government securities 2,1+30,101 Other securities ........ Total bills and securities 2,550,652 Due from foreign banks . 1 3,700 F. R. notes of other banks 16,2^2 Uncollected items . . •, 31+1,276 Bank premises . 5^,730 All other assets . . , . < 1+8,822 2,633,561 37,513 2,675,371+ 666,190 245,841 3,587,305 226,1+91 3,SIU,396 11,243 24,994 91,513.. 116,507 6,644 442,891 1,007,527 969,297 2,419,775 1,559 2,544.4S5 2,228,469 42,040 2,270,509 319,906 419,230 3,009,645 259,1S7 3,268,832 -- 100,992 209,961 310,953 34,002 420,665 362,872 1,067,160 1,850,697 5,427 3,732 17,833 426,364 54,643 50,676 2,201,079 2,774 12,219 317,900 58,169 36,994 . , 6,819,781 6,923,377 5,897,967 IF .R.notes in actual circulation f ? F.R.bank notes in actual circulation Deposits: Member bank - reserve account f f Government . . . . . . . . . . f Foreign "bank .. Special deposits - member back . nonmember "b^l: Other deposits . Total deposits . Deferred availability items . . . Capital paid in ......... Surplus . . . . . . All other liabilities . . . . . . TOTAL LIABILITIES . . . Ratio of total gold reserves and other cash* to deposit and F.R.note liabilities combined . . . . . . . . Contingent liability on bills purchased for foreign correspondents . . . . . 2,922,997 193,678 2,967,302 iss,s4o 2,715,299 2,577,55? 90,926 10,622 65,210 iU,95U 69,200 2,829,12^4 35^,533 1^5,301 272,599 2,590,551 115,597 15,381 67,495 14,193 so,962 2,884,179 424,910 145,456 278,599 2,342,333 28,322 10,717 6,219,721 6,923,377 TOTAL ASSETS L I A B I L I T I E S — — 23,086 2,^4,458 322,983 152,06s 259,421 ^3.73* 5.897,967 65.256 65.25I 63.8$ 10,700 30,750 37,916 s own P.H.bauk notes# ASSETS AHD LIABILITIES OF THE FEDERAL BESERVE BANKS ON NOVEMBER 8, 1933 ASSETS (In thousands of dollars) B-801-b Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve agents 2,637,12b 215,329 576,706 170,000 206,770 127,075 95,H5 735,972 124,578 69,354 92,390 42,074 181,763 Gold redemption fund with U.S.Treas. 39,266 I.857 8,285 4,488 4,687 2,13.6 2.659 3.512 1.479 I.696 1.339 944 6.224 Gold held exclusively against F. R. notes 2,676,392 217,186 584,991 174,488 211,457 129,191 97,754 739,^S4 126,057 71,050 93,729 43,018 187,987 Gold settlement fund with F.R.Board 661,187 33,887 198,769 15,6o6 34,727 30,955 16,502 180,057 33,663 13,46l 32,196 29,856 4l,508 2,401 298 377 12.035 3.8^4 30.922 Gold and gold certif. held by banks 240,710 22,1^3 147,136 12,344 4,675 l,4lg 3.107 Total gold reserves 3,578,289 273,216 930,896 202,438 250,859 l6l,564 117,363 921,942 160,018 84,888 137,960 76,728 260,417 Other cash* 214,007 18,860 49,24l 27,164 20,021 11,533 11,281 31,730 9,498 7,358 9,134 6,151 12,036 Total gold reserves & other cash 3,792,296 292,076 980,137 229,602 270,880 173,097 128,644 953,672 169,516 92,246 147,094 82,879 272,453 Redemption fund - F.R. bank notes 11,457 1,050 740 1,593 250 1,800 262 500 856 3,043 607 383 373 Bills discounted: Sec. by U.S. Govt.. obligations 26,298 1,902 3,645 451 408 S76 212 1,330 621 12,623 3,741 90 399 Other bills discounted 4,558 888 3.138 925 2.942 3.603 5.803 85,963 3,005 27,571 20,496 6.711 6,323 40,194 24,l4l 10,452 112,261 4,907 Total bills discounted 5,434 1,5^6 3,032 4,002 1,100 4,468 6,211 6,774 420 2,42b 6o4 Bills bought in open market 563 222 165 748 155 105 165 6,737 199 965 U.S.Government securities: Bonds 441,210 24,402 170,045 28,070 32,160 11,863 10,782 76,949 14,494 16,304 12,509 13,524 25,10s Treasury notes 68,690 93,212 3^,376 1,020,979 350,919 71,677 31,159 171,753 40,562 25,^07 35,732 24,711 72,781 967,912 64,592 310,717 b7,373 87,652 32,324 29,300 183,641 38,144 23,887 33,600 23,240 68.442 Certificates and bills Total U.S.Govt, securities 2,430,101 157,684 831,681 167,120 213,024 78,563 71,241 ^37,343 93,200 65,59S Sl,34l 66,475 166,331 — 510 — Other securities 56 1,559 — 993 Total bills and securities 2,550,65s 163,011 S75,294 192,375 224,039 85,559 77,651 443,525 94,901 68,791 86,008 67,7^0 171,764 3,700 Dae from foreign banks 146 4io 508 22 108 108 261 2S5 1,336 370 ,131 15 16,242 3,661 F. R. notes of other banks 1,211 1,219 1,862 394 317 1,291 3,537 1,171 573 695 311 Uncollected items 341,876 39,544 44,311 18,093 9,4S4 20,814 15,070 17,176 73,^96 27,552 30,494 34,037 11,805 Bank premises 12,818 5^,730 3,280 6,932 3,238 2,422 7,609 3,285 1,7^7 3,559 1,797 4,254 48,822 26,631 All other assets 4,626 2,421 3,4% 601 1,081 1,797 1,211 1,536 453 4,059 957 — TOTAL ASSETS — — — — — 6,819,781 500,016 i,976,4I6 459,488 537,302 300,937 226,386 1,456,498 237,962 174,321 261,099 169,972 469,334 * "Other cash" does not include F. R. notes or a "bank's own F.R. bank notes. ASSETS AHD LIABILITIES OP THE FEDERAL RESERVE BARKS OH NOVEMBER 8, 1933 (In thousands of dollars) B-801-c Total Boston I'ew York phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Pra&» T.R.notes in actual circulation 746,122 143,381 91,052 106,377 38,304 21**,934 51*3.176 233,511 278,918 lUg,7S9 122,755 2,932,997 215,67s 30,321 5,609 3,896 7,463 14,226 9,888 193,S7S 20,113 I'.R.bank notes in actual circulation 52,6o*+ 13,521 26,513 3,730 5,789 Deposits: Member bank - reserve account 2.577,552 186,108 967,570 122,351 144,57s 83,571 60,431 511,219 87,593 54,372 106,235 81,557 171,917 2,108 24,665 4,121 3,847 2,586 90,926 4,336 Government 7,240 32,334 1,722 1,727 3,692 2,49s 681 10,682 241 158 199 199 502 268 6,103 foreign ca.il: 4gi 234 £94 722 to, o27 65,210 1,365 3S7 2,324 2,330 2,60s 4,330 2,534 79S Special deposits: member bank 28,320 5,399 6,133 14,954 171 352 167 660 1,202 1,922 nonniember bank 4,260 4,240 1,235 7^5 69,800 2,132 281 5,169 38,024 2,894 567 10,189 4,254 1,793 2,3^1 Other deposits 1,733 423 Total deposits 2,829,124 194,085 1,042,963 137,677 153,036 94,032 68,350 578,810 103,338 59,138 113,240 86,434 193,021 44,220 20,368 9,191 20,748 16,790 18,244 Deferred availability items 354,583 38,149 79,759 2?S,405 30,224 36,90-7 11,578 3,709 10,616 13,003 4,oo4 2,865 4,243 Capital paid in 4,531 58,454 15,756 12,360 4,925 145,301 10,780 7,019 39,497 20,460 8,719 19,701 10,lSb Surplus 8,263 11,616 10,544 29,242 85,053 23,294 278,599 1,160 2,930 All other liabilities 4,520 746 1,790 765 1,076 14,402 933 1,376 2,957 35,499 , 21739 Oj169,972 469,334 TOTAL LIA3ILITI3S 6,319,781.500,016 1,376,415 459,4Sb 537,302 300,937 226,336 1,456,49s 287,962 174,321 c-3 JLr\C 9 L I A B I L..I T I E S Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined Contingent liability on bills purchased for foreign correspondents 65.2 5S.1 71.3 10,700 731 61.9 3,57^ 1,124 62.0 1,059 71.3 ^17 67.3 375 72.0 1,391 68.7 364 6l.4 67.0 246 310 66.4. 310 56.8 749 MATURITY DISTRIBUTION OP BILLS JkKD SHORT TERM SECURITIES Bills discounted Bills bought in open market Certificates and bills Municipal warrants Total 112,261 6,737 967,912 1,559 Within 15 days 80,877 293 75,620 1,439 lb to 30 days 7,951 6l6 121,099 47 31 to 60 days 15,445 1,045 329,026 31 6l to 90 days 6,534 4,783 101,251 42 * "Other cash" does not include P. R. notes or a bank's own P. R. bank notes. 91 days to 6 months 1,313 184,4io Over 6 months 136 156,506 FEDERAL RESERVE NOTE STATEMENT OH NOVEMBER S, 1933 (in thousands of dollars) Total Boston Hew York Phila. Gleve. Federal Reserve notes: Issued to F.R.bank by F.R.Agcnt Held by Federal Reserve baok In actual circulation Collateral held by agent as security for notes issued to bank: Gold and gold certificates Gold fund - F. R. Board Eligible paper U. S. Govt, securities Total collateral Sich. Atlanta B-801-d Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 3,239,532 235,192 256,535 19,51^ 2,922,997 215,67c 717,902 249,^96 292,026 156,831+ 1U2,125 74,726 16,085 13,10s 8,0^5 19,370 61+3,176 233,511 272,91s l4s,739 122,755 783,377 151,751 96,155 113,16s 37,255 8,370 5,103 6,791 746,122 143,331 91,052 106,377 1,513,951 74,012 1,123,175 1^1,317 7l,OS9 3,0/0 580,000 19,000 523,606 53,100 27,093 l40,0(X) 445,972 28,373 29,854 290,000 96,200 39,500 1,914 i,i4s 1,519 50,000 28,000 26,000 3,2CC,215 237,399 7^3,799 250,20s 295,665 157,337 143,013 100,380 107,270 51,700 21,115 69,120 99,500 75,375 74,000 10,208 8,895 ^,762 3,898 70,000 80,000 26,000 44,000 42,353 259,053 4,04944,119 38,304 214,934 19,590 20,574 91,000 72,800 21,500 90,763 3,097 9^9 4,53s 20,000 — 77,000 787,ss6 153,726 96,873 115,487 43,023 263,299 FEDERAL RESERVE BJSM KOTE STATEMENT OH HOV32.SER 8, 1933 (In thousands of dollars) Total 3cston Few York Phila. Cleve. loaeral Reserve bank notes: Issued to F .R.Bark(outstanding) Held by Federal Reserve ba.Jc In actual circulation Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 218,494 24,si6 193,67s 23,671 3,553 20,118 63,597 10,993 52,604 i4,79S 1,277 13,521 27,532 1,019 26,513 4,6oo S7Q 3,73c 6,353 564 5,7C9 31,920 1,599 30,321 5,233 224 5,609 ^,127 231 3.396 9,930 2,467 7,463 15,716 10,417 1,490 529 14,22b' 9,SCS Discounted and purchased bills U.S. Govt, securities 2,024 239,274 ~ 30,000 — 64,274 — 15,000 1,545 30,000 — 5,000 196 9,000 — 36,000 233 7,000 — 6,000 — 10,000 50 16,000 11,000 Total collateral 241,29s 30,000 64,274 15,000 31,545 5,000 9,196 36,00a 7,233 6,000 10,000 16,050 11,000 Collateral pledged against chit standing notes:
@FedFRASER