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STATEMENT FOR TEE PRESS Released for publication Friday morning, October 19; not earliert B-gOl Federal Reserve Board October IS, 1 9 • COHDITION OF FEDERAL RESERVE B A M S The daily average volume of Federal the week ended October 17, as reported by $2,457,000,000, an increase of $2,000,000 decrease of $39,000,000 compared with the Reserve bank credit outstanding during the Federal Reserve banks, was compared with the preceding week and a corresponding- week in 1933• On October 17 total Reserve bank credit amchanted to $2, 1 +57> 000 >0° 0 » a n i n ~ crease of $9*000,000 for the week. This increase corresponds with increases of $17,000,000 in member bank reserve balances and $10,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $5,000,000 in monetary gold stock and $7»000,000 in Treasury and National bank currency and a decrease of $10,000,000 in money in circulation. There were practically no changes in the System's holdings of bills discounted, bills bo-ught in open market and of United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended October 17, 193*+. w ®re as follows: Increase or decrease since Oct* 17 19^ Oct. 10 193U Oct. IS 1933 (In millions of dollars) Bills Bills U. S # Other discounted bought Government securities Reserve bank credit 12 6 2,^30 9 TOTAL RESERVE BANE CREDIT Monetary gold stock Treasury and Natio&a-l bank currency 2,1+57 7.990 2,1+10 Money in circulation Member bank reserirg Tn&tofcfT Treasury cash and deposit* with F#R.banks Nonmember deposits and otfyer F.R. accounts 5M3 3.996 2,96s U22 — — + 9 -101 -1 +55 - 9 + 9 5 + 7 -56 +3.95U +133 -10 +17 +1 +10 +106 + +2,6SH -102 Released for publication Friday morning, October 19,153^, 110 ^ earlier. B-SOla ASSETS A1ID LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Oct. 17.193*+ Oct. 10.1934 ^,965,3^2 4,960,596 Oct. 18. 1933 A S S E T S Gold certificates on hand and due from U. S. Treasury Gold Redenption fund - F. R. notes .... Other cash Total reserves Redemption fund - F. 3. 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 . . . . . . . . . . Total bills and securities . . . Due from foreign banks . . . . . . . F. R. notes of other banks ..... Uncollected items . « . . • • . • • . Bank premises • • • • • . . . • • • • All other assets . . . . . . • • . • TOTAL ASSETS — — 22,019 . 215,801 5.203,164 2,215 21,158 204.633 5,186,387 1,897 H.306 7,40b 3,795 8,244 11,712 6,177 12,039 956,818 2,598,697 36,569 229.208 3,821,292 11,315 22,798 89,956 112,754 5,809 3,708 6,569 4,576 395,673 1,411,706 622.886 2,430,265 302 2,453,032 1,071 1,411,70s 622,887 2,430,202 302 2,452,060 1,071 395.607 441,395 976,161 957,723 2,375.279 21,164 591,738 52,931 44.SS7 — 1.559 2,496,161 4,913 52,931 5^.390 17.998 482,884 54,614 ^7.875 8,370,202 8,196,970 6,937.052 3,182,329 29,425 3,184,558 29,664 2,993,917 172,143 3,996,276 53,19*+ 7.129 176.289 3,978,521 51,387 7,799 175,232 2,655.3^3 17.634 15.132 151.122, 4,232,888 4,212,939 2,839,231 471,035 145,549 278,599 12,103 24,475 6,937,052 19,572 427,662 L I A B I L I T I E S F.K. notes in actual circulation • # F. R,. bank note circulation - net # . Deposits: Mezmber bank - reserve account . . . U. S. Treasurer - General Account . Foreign bank .. Other deposits . . . • . • • • • . Total deposits Deferred availability items # . . . . Capital paid in . . . . . . . . .. Surplus • • • • • . • • . . .... 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 . . . . Commitments to make industrial advances 588,695 146,755 138,383 22,290 29.437 8,370,202 70.2$ 516 2,182 432,822 146,699 138,383 22,289 29,616 8,196,970 70.1$ 6ll 1,809 65.5$ 36,030 — ASSETS AKD LIABILITIES 0? THE FEDERAL RESERVE BANKS,OJJ OCTOBER 1 7 , (In thousands of dollars) A S S E T S Total Sold certificates on hand and due from u. s. Treasurv 4,965,342 Redemption fund - F. R. notes 22,019 Other cash 215,803 Total reserves 5,203,164 Redemption fund F. R. hank notes Bills discounted: Secured by U.S.C-ovt. 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.Govt, securities Other securities Total bills and securities Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS Boston Hew York Pliila. Cleve. Rich. Atlanta Chicago St.Louis I93U B-SOIb Minn. Kans.Cy. Dallas San Fran. 372,344 1,678,407 269,011 368,315 193,679 I13.639 1,031,738 19M69 136,771 171,01U 112,299 321,656 I.O56 1,095 2,786 2,527 1,707 3,995 1,981 1^0 SSJ 7^1 405 3,979 20,67s 53,75^ 3^,927 10,887 8,428 11,149 29,17*+ 9,583 10,791 7,124 6,711 12,597 394,078 1,733,256 306,724 381,729 203,Sl4 128,783 1,062,893 206,812 148,549 178,879 H 9 , 4 l 5 338,232 2,215 25O 1,965 — — — 4,306 7,406 11,712 6,177 4.576 1,201 21 1,222 418 902 2,149 4,44i 448 1,869 121 244 6,590 2,485 335 2,317 603 207 365 546 111 81 3^3 424 216 481 — — 56 123 179 249 468 395,673 23,214 1,411,706 92,821 622,886 4'1.533 140,957 25,139 30,557 14,854 13,576 448,075 98,609 126,040 61,274 55,739 188,723 43,372 56,428 27,434 24,954 2,430,265 157,678 302 2,453,032 160,220 80 1,071 21,164 316 591,738 60,979 52,931 3,224 44,887 637 777,755 167,120 213,025 103,562 94,269 302 787,165 170,549 214,047' 104,683 95,165 103 4i 402 116 37 1,892 7,260 650 1,035 749 153,079 47,233 57,482 50,561 18,817 11,480 4,431 6,788 3,128 2,372 — — — 30,554 4,636 1,446 — 1,642 — 2,000 — — — 182 46 228 122 363 — - — 731 459 7 38 45 85 613 51 153 204 159 215 10 84 94 4o4 15 "_44 44 159 407 62,143 13,797 15,424 13,336 18,819 23,857 54,848 34,860 54,232 36,372 98,412 115,836 24,555 15,379 24,276 16,284 44,062 250,364 428,343 93,200 65,663 91,844 — — — — 71,475 166,331 — — 429,533 93,913 66,406 92,422 72,085 166,844 l4o 30 76 30 9 7 2,063 248 1,462 722 1,231 3,536 74,496 25,968 15,99^ 34,979 23,498 28,652 7,387 3,126 1,664 3,485 1,757 4,089 467 S65 903 937 233 567 8,370,202 619,784 2,725,161 534,339 662,630 365,761 247,923 1,578,922 330,783 234,75^ 312,325 217,898 539,922 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH OCTOBER 17, 1934 (in thousands of dollars) L I A B I L I T I E S Total F jR.no t-es in actual circulation F.R.bank note circulation - net Deposits: Member bank sr.. reserve account U.S.Treasurer - General account Foreign bank Other deposits Total deposits Deferred availability items Capital paid in Surplus Reserve for contingencies All other liabilities TOTAL LIABILITIES Boston New York 3,122,329 267,653 29,425 Phila. Cleve. Rich. Atlanta 657,37s 240,888 303,S13 169,617 135,129 28,369 1,056 3,996,276 260,984 1,626,322 207,185 266,61+2 133,673 2,712 53,19^ 19,776 1,150 2,33S 83H 812 R62 750 2,021 297 7,129 106,792 6,168 4,212 1,829 176,289 M 5 3 4,232,888 268,311 588,695 60,562 146,755 10,761 138,383 9,610 22,290 1.053 23 Ml 73,630 2,747 273 5,586 1,,754,911 215,315 273,942 136,633 82,236 154,326 46,435 54,749 48,083 18,154 4,961 4,379 59,629 15*1S9 12,993 14,090 5,145 45,217 13.352 5,171 2,300 1,155 2,485 4,737 2,3^5 77S 20,594 815 7^3 i4i 395 Chicago St.L 0 uis B-SOlc Minn. Kans.Cy. Dallas San Fran. 775,037 iHI,59H 107,026 116,172 5^.076 213,946 673,951 133,146 93.811 148,866 121,880 256,186 3,465 2,055 1,333 3,880 5,428 7,^76 219 258 219 55^ 180 984 3,786 14,903 2,518 1^,727 8,160 3,555 685,966 151,772 104,206 154,204 128,497 276,895 77,377 27,111 15,7^2 33. ^ S 26,136 26,572 12,705 4,063 3,123 4,127 4,032 10,793 20,681 4,756 3.^20 3.613 3,683 9,645 620 1,133 1,619 850 1,02b 2,967 l4l 211 452 3 4i 4,189 637 8,370,202 619,7S4 2,725,161 53*+,339 662,630 365,761 247,923 1,572,922 330,733 234,75^ 312,325 217,898 539,922 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 70.2 73-5 67.2 71.9 66.1 66.6 59.2 516 53 3s 76 70 28 26 2,182 676 369 19 121 75 70 72.8 70.5 92 70.3 24 rr 0 65.4 oo # 2 17 530 20 68.9 20 52 150 172 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Eills discounted Bills bought in open market Industrial advances Certificates and bills Municipal warrants Total Within 15 days 11,712 9,256 4,086 6,177 4,576 622,886 302 33,07S 302 16 to 30 days 395 964 15 38,950 3 1 to 60 days 771 905 102 185,170 61 to 90 days 1,241 172 99 77,379 91 days to 6 months 37 50 286,269 Over 6 months 12 3.S62 2,000 FEDERAL RESERVE NOTE STATEMENT ON OCTOBER 17, I93U (In thousands of dollars) Total Federal Reserve notes: Issued to F.R.baiik "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 Boston New York Phi la, Cleve. Rich. Atlanta Chicago St .Louis B-goia Minn. Kans.Cy. Dallas San Fran. 3fU7U,757 293,715 2$2,H28 26,062 3,122,329 267,653 764,288 257,936 320,297 179,^10 150,522 106,910 17,098 16,484 9,793 l5,*+53 657,37s 240,88S 303,213 169,617 135,129 811,105 145,65s 111,71*6 124,184 59,5^9 256,217 36,068 M64 4,720 8,012 5,^93 42,271 775,037 141,59^- 107,026 116,172 5 M 7 6 213,9^6 3,2i4,4i6 295,117 773,706 218,000 271,431 150,340 81,385 •,5,090 s4l 364 285 202 4o,ooo 50,000 30,000 72,000 778,796 258,841 321,795 180,625 153,527 792,513 139,936 109,000 111,550 60,675 210,763 228 7 l4l 44 25 30,000 7,000 3,400 15,000 ~ 47,000 822,513 l47,l64 112,407 126,691 60,719 257,722 8,449 1,222 294,400 3,517,265 296,339 FEDERAL RESERVE BANK NOTE STATEMENT ON OCTOBER 17, 1934 (In thousands of dollars) Total Federal Reserve bank notes: Issued to F.R.bai£c(outstanding) Held by Federal Reserve bank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills Boston New York Phi la. 40,828 11,403 1,511 29,109 10,208 740 10,208 29,425 1,056 28,369 46,474 5,000 29,474 12,000 46,474 5,000 29,474 12,000 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, U.S. Govt, securities Total collateral *Does not include $88,209,000 of Federal Reserve bank notes for the retirement of which Federal Reserve banks have deposited lawful money wi th the Treasurer of the United States.
@FedFRASER