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STATEMENT FOR THE PRESS Released f o r publication Friday morning, Oct. 2J; not e a r l i e r . B-801 Federal Reserve Board October 26, 1933* C01TDITI0IT OF FEDERAL RESERVE BAMS The d a i l y average volume of Federal Reserve bank credit outstanding during the week ended'October 25, as reported by the Federal Reserve banks, was $2,518,000,000, an increase of $21,000,000 compared with the preceding week and of $299,000,000 compared with the corresponding week in 1932." On October 25 t o t a l Reserve "bank credit amounted to $2,526,000,000, an i n crease of $13,000,000 f o r the week. This increase corresponds with an increase of $38,000,000 in member "bank reserve balances and a decrease of $18,000,000 in Treasury currency, adjusted, o f f s e t in part by a decrease of $U2,000,000 in money in c i r c u l a t i o n . B i l l s discounted increased $2,000,000 at the Federal Reserve Bank of New York and at a l l Federal Reserve Banks. Holdings of b i l l s bought in open market and of United States bonds show p r a c t i c a l l y no change f o r the week, while holdings of United States Treasury notes increased $18,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $7,000,000 # Changes in the amount of Reserve bank c r e d i t outstanding and in r e l a t e d items during the week and the year ended October 25, 19331 were as follows: Increase or decrease since Oct. 25 1933 Oct. 18 1933 Oct. 26 1932 (In millions of d o l l a r s ) Bills Bills U. S. Other discounted bought Government s e c u r i t i e s Reserve "bank credit 115 7 — 2,Uoo +25 5 -13 2,526 +13 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted ^,323 1,976 Money in c i r c u l a t i o n Member bank reserve balances Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 5,60s 2,693 52U + 2 — -IS -U2 +38 — 207 27 + 5U9 - - 9 + 305 + 66 + 71 + 2k + 2S1 + 137 Released f o r p u b l i c a t i o n Friday morning, Oct. 27,1933? not e a r l i e r . B-SOla ASSETS A8D LIABILITIES 0? THE TWELVE FEDERAL R3S3RVE B&KS COUBOT) (In thousands of d o l l a r s ) Oct. 2 5 , 1 9 3 3 Pet; 18.1933 6ct> 26,1932 Gold with Federal .Reserve agents . . . . Gold redemption fund with U.S.Treas-ury . Gold held e x c l u s i v e l y against F.R.notes Gold settlement fund with F . R. Board . Gold and gold c e r t i f i c a t e s held by banks Total gold r e s e r v e s Other cash* 2,675,331 37,313 2,-712,644 629,632 248,512 3,590,728 23S,012 2,204,064 43.746 2,247,810 Total gold r e s e r v e s and other cash . Redemption fund - F.R.bank notes . . . B i l l s discounted: Sec. by U.S.Govt, o b l i g a t i o n s . . . . Other b i l l s discounted Total b i l l s discounted B i l l s bought in open market U.S. Government s e c u r i t i e s : Bonds • Treasury notes . . . . . . . . . . C e r t i f i c a t e s aad b i l l s . Total U.S. Government s e c u r i t i e s Other s e c u r i t i e s . . . . . Total b i l l s and s e c u r i t i e s . . Due from f o r e i g n banks F . R. notes of other banks . . . . . . Uncollected items . . . . . Bank premises A l l other a s s e t s . . . . . . . . . 3,828,800 11,365 2,677,599 36,569 2,714,168 631,283 246,633 3,592,084 229,208 3,221,292 A S S 3 I S TOTAL ASSETS > 11,315 315,031 429.7S2 2,992,623 283,920 3,276,603 — 114,593 6,523 22,792 39,956 112,75^ 6,569 111,544 210.772 322,322 441,262 994*098 96^,796 2,400,156 441,395 976,161 957,723 2,375,279 1.559 2,522,831 3,610 19,575 385,196 54,639 US,872 1.559, 2,496,161 420,811 363,881 1.066.257 1,850,949 5,425 25,825 88,768 33,695 2,212,391 2,868 18,321 332,923 52,137 32,872 6,874,888 4,913 17,99S 482,884 54,6l4 , ^7,S75 6,937,052 2,960,7^8 180,363 2,993,917 172,143 2,688,871 2,693,121 27,75S 17,797 68,884 14,237 66,088 2,655,3^3 17,634 15,132 70,700 14,704 65,718 2,411,946 28,078 9,252 2,887,885 2,839,231 2,469,993 3^5,779 145,527 27S,599 35,927 6,874,888 471,035 145,549 27S,599 36,578 6,937,052 326,987 152,303 259,421 42,540 5,9^,115 L I A B I L I T I E S F . R . n o t e s in actual c i r c u l a t i o n . . . F.R.bank notes in actual c i r c u l a t i o n Deposits: Member bank - r e s e r v e account . . . Government Foreign bank Special deposits - member bank . . nonmember bank . Other deposits Total deposits Deferred a v a i l a b i l i t y items . . . . Capital p a i d in Surplus . . . . . . . . A l l other l i a b i l i t i e s TOTAL LIABILITIES . . . . Ratio of t o t a l gold r e s e r v e s and other cash* to deposit and F.R.note l i a b i l i t i e s combined . . Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents . . . . — — 20,117 5,940,115 65.5 $ 65.5 $ 63.5^ 33.79S 36,030 37,993 * "Other cash" does not include F.R.notes or a bank's own F.R.bank notes. ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BAMS ON OCTOBER 25, 1933 (In thousands of d o l l a r s ) B-SOl-b Total Boston Hew York P h i l a . CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve agents 2 , 6 7 5 , 3 3 1 208,329 636,706 172,000 206,770 1 1 7 , 0 7 5 9*,365 735,272 118,028 68,169 97,390 39,*6* 1 8 1 , 7 6 3 Gold redenption fund with U.S.Treas. 37,313 1,*32 6,73* *,230 *,S5* 2,173 2,258 3,720 1,527 1,580 1,375 960 6,470 Gold held e x c l u s i v e l y against F . R. notes 2,712,64*209,761 643,440 176,230 2 1 1 , 6 2 4 1 1 9 , 2 4 s 96,623 738,992 1 1 9 , 5 5 5 69,749 98,765 HO,H2H 1 8 8 , 2 3 3 Gold settlement fund with F.R.Board 629,632 1 7 , 7 1 8 223,530 7,695 3 * , 2 0 5 18,869 1 0 , 5 5 2 203,12*+ 27,831 1 1 , 3 0 2 21,799 26,26l 26,7*6 Gold and gold c e r t i f . held by banks 2 4 8 , 5 1 2 21,879 l46,66l 15,737 4,590 l,4i4 3,096 3,931 1,513 66b 1 1 , 9 5 1 3,857 3 3 , 2 1 7 Total gold reserves 3,590,788 249,353 1 , 0 1 3 , 6 3 1 199,662 250,419 1 3 9 , 5 3 1 1 1 0 , 2 7 1 946,047 l4s,899 8 1 , 7 1 7 1 3 ? , 5 1 5 70,5*2 2*8,196 Other cash* . 2^8.012 22.868 58.097 28,037 2 2 . 3 * 1 1 2 , 9 7 * 1 2 , 0 1 0 33,127 9,939 6,915 9,119 6,800 1 5 , 7 8 5 A S S E T S Total g o l d , r e s e r v e s & other cash Redemption fund - F.R.bank notes B i l l s discounted: Sec. by U.S.Govt, obligations Other b i l l s discounted Total b i l l s discounted B i l l s bought in open market U.S.Government s e c u r i t i e s : Bonds Treasury notes C e r t i f i c a t e s and b i l l s 3,828,800 272,226 1,071,728 227,699 272,760 152,505 122,281 — 452 2,847 615 950 1,759 11,365 25,825 88,768 114,593 6,523 441,262 99*,09s 964,796 S61 3,013 3,87* 424 24,337 66,694 64,106 Total U.S.Govt, s e c u r i t i e s Other s e c u r i t i e s 2,400,156 1 5 5 , 1 3 7 Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks F . R. notes of other banks Uncollected items Bank premises A l l other a s s e t s 2,522,831 159, *35 3,610 279 TOTAL ASSETS 1,559 19,575 335,196 54,639 4s,872 — 355 42,494 3,280 752 6,9*5 9,764 542 7,091 7,633 569 224 32,207 90,890 11,814 33,3*0 32,048 821,823 164,961 210,459 — 510 993 77,202 14,538 27,178 -41,716 2,436 4,237 21,704 170,003 28,078 69,813 67,070 3*1,351 310,469 25,941 611 2,819 87,362 — 866,968 192,023 220,792 85,059 142 1,304 4oi 361 5,634 499 1 , 1 8 3 1,099 94,804 31,155 36,59* 35,376 12,818 3,238 3,701 6,929 26,187 4,415 2,468 3,7*0 222 5,855 6,077 201 10,747 9 7 9 , 1 7 * 158,838 2,249 386 S05 7*1 4,897 5,702 1,121 1,862 756 157 77,171 14,466 30,257 29,081 168,065 188,507 37,89* 70,085 ^33,7*3 91,78* — 76,363 127 1,121 11,969 2,422 — 39,*a* — 440,201 93,803 497 19 4,608 1,23s 49,O4S 7,609 1,3*2 17,*28 3,285 592 88,632 1*1,634 165 350 93 2,913 299 3,*n 3,710 7 7 , 3 * 2 263,981 6l6 976 283 385 3,353 3,738 167 1,287 1,570 267 16,352 24,723 23,753 64,828 56 12,*76 34,694 33,3** 18,535 2*,OS* 23,143 80,51* 65,767 163,853 67,996 13 393 9,689 1,7*7 1,133 84,391 106 3,006 106 — 1,475 22,609 3,559 1,908 605 25,076 70,763 68,014 — — 67,6o4 168,196 106 400 15,462 1,797 1,212 255 1,570 18,568 4,25* 989 6,874,888 479,771 2,082,290 460,508 542,846 2 8 1 , 1 5 9 218,869 1,484,728 275,589 169,768 256,032 164,899 458,429 * "Other cash" does not include F . R. notes or a bank's own F . R. bank notes. ASSETS AND LIABILITIES OF TEE FEDERAL RESERVE BAKES ON OCTOBER 25, 1933 (in thousands of d o l l a r s ) L I A B I L I T I E S Total Boston Phila. New York CIeve. Rich, Atlanta 2,960,748 216,814 F.R.notes in actual c i r c u l a t i o n 6 3 1 , 3 ^ 234,004 279,167 146,730 117,085 — F.R.bank notes in actual c i r c u l a t i o n .120,363 16,070 53,615 10,623 26,728 5,957 Deposits: Member bank - reserve account 2,693,121 165,240 1,097,210 125,396 145,243 70,604 54,881 Government 6,018 2,5S0 1,536 1*613 3,161 2,677 27,753 '},'76o 622 1,298 M 6 7 Foreign bank 17,797 693 5,959 Special deposits: member bank 6S,3C4 6, sos 2,920 2,125 821 8,238 5,513 — nonmember bank 169 i,so6 753 S89 14,237 293 Other deposits 2,12b 66,088 596 5,623 31,123 2,075 ^,315 Total deposits Deferred a v a i l a b i l i t y items Capital paid i n Surplus All"0ther l i a b i l i t i e s TOTAL LIABILITIES Ratio of t o t a l gold r e s e r v e s and other cash* to deposit and F.R. note l i a b i l i t i e s combined Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 2,887,885 172,065 1,147,012 139,439 157,668 81,967 66,705 91,7^8 30,176 35,682 34,910 11,219 325,779 42,826 4,946 4,580 58,500 15,756 12,365 145,527 10,778 10,544 28,294 11,616 20,460 85,65s 29,242 278,599 1,268 2,942 758 990 35,987 15,013 2,779 6,874,382 479,771 2,082,290 460,50s 542,846 281,159 218,869 70.0 65-5 33,79s 2,467 60.3 61.0 11 # 2S8 3,5^9 62.4 3,3^6 66.5 60.7 1,31s 1,183 B-SOl-c Chicago St.Louis Minn. Kans-.Cfcr. Dallas San Fran. 747,492 139,428 30,656 4,888 92,412 107,950 35.246 213,076 3,09s 4,s44 15,021 8,863 555,171 79,886 48,597 101,771 79,06s 170,054 1,626 184 2,283 1,787 1,695 2,59s 6o4 515 1,244 2,311 409 515 384 2,649 30,672 ^,772 1,387 2,295 5,161 611 4,103 317 130 2,960 4,596 1,129 612 1,127 9,806 598,558 95,7^8 53,53^ 107,921 82,720 184,54s 50,368 20,208 9,532 21,910 17,^75 19,725 13,100 4,000 2,879 ^,260 3,717 10,646 7,019 8,263 39,^97 10,186 8,719 19,701 1,294 ss4 2,001 1,870 5,057 1,131 1 ,484,728 275,589 169,768 256,032 164,899 453,429 72.7 4,394 67.5 1,149 60.7 65.6 778 9S0 65.6 66.4 980 2,366 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES B i l l s discounted B i l l s bought in open market C e r t i f i c a t e s and "bills Municipal warrants Total 114,593 6,523 964,796 1,559 TKLthin 1 5 days 8*4,056 2S5 64, oV? 1,^9 l o to 30 days 8,268 737 59,820 3 1 to 60 days 15,06l 899 329,681 51 6l to 90 days 6,023 4,602 164,443 59 91 days to 6 months 1,081 190,300 * "Other cash" does not include F . R. notes or a bank's own F, R. bank n o t e s . Over 6 months 99 156,505 FEDERAL RESERVE NOTE STATEMENT OK OCTOBER 25, 1933 (In thousands of d o l l a r s ) Total Federal Reserve notes: Issued to F.R.bank "by F.R.Agent Eeld "by Federal Reserve tank In actual c i r c u l a t i o n C o l l a t e r a l held "by agent as s e c u r i t y f o r notes issued to "banks Gold and gold c e r t i f i c a t e s Gold fund - F . R. Board E l i g i b l e paper TJ. S. Govt, s e c u r i t i e s Total c o l l a t e r a l Boston New York P h i l a . B-201~d Rich. Atlanta Chicago St.Louis 22,081 2,960,7^2 216,814 711,206 252,302 293,721 156,463 137,640 79,862 18,298 14,55** 9 , 7 3 3 20,555 631,344 234,004 279,167 146,730 117,085 789,442 146,339 7,411 41,950 747,492 139,422 1,520,226 74,012 1,155,105 134,317 71,637 1,279 556,200 29,000 523,606 3 , 3 0 3 , 1 6 8 239,208 745,211 445,272 290,000 2,030 60,000 797,302 3,239,636 233,895 27s,sss 113,100 28,505 80,000 CIeve. 97,450 107,270 51,700 21,365 74,550 99,500 65,375 73,000 8,085 11,392 5,397 3,716 70,000 S3,000 35,000 44,000 253,392 2 9 4 ^ 5 5 1 5 7 , 4 7 2 1 4 2 , 0 3 1 Minn. Kans.Cty". Dallas San Fran, 93,624 1 1 5 , 6 3 3 6,212 7,683 9 2 , 4 1 2 107,950 38,828 29,669 79,200 3C,500 19,590 77,SOO 2,769 39,235 259,036 4,529 45,960 35,246 213,076 20,464 19,000 91,000 90,763 3,429 1,503 1,^97 1,^35 80,000 29,000 29,200 20,000 l4s,463 9S,S66 120,159 40,967 265,192 — FEDERAL RESERVE BAM NOTE SSATEiJENT 01' OCTOBER 25, 1933 (In thousands of d o l l a r s ) Total Boston 214,078 33,715 180,363 23,868 7,793 16,070 Discounted and purchased bills TJ,S.Govt, s e c u r i t i e s 2,l4l 237,274 — 30,000 64,274 Total c o l l a t e r a l 21+0,015 30,000 64,274 Federal Reserve bank notes: Issued to F.R.Bank( outstanding) Hold by Federal Reserve bank In actual c i r c u l a t i o n New York p h i l a . 64,201 10,586 53,615 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Frail, 9,126 14,080 3,^57 10,523 32,OSS — 14,500 1,602 35,ooo 203 9,000 4o,ooo 6,000 4,100 7,000 IS,000 10,000 14,500 36,602 9,203 40,000 6,253 4,100 7,000 18,083 10,000 5,360 6,422 465 5,957 32,369 1,713 30,656 5,046 15s 4, sss 3,690 592 3,09S 6,957 2,113 4,844 16,171 1,150 15,021 323 8,863 C o l l a t e r a l pledged against outstanding notes: — — 253 — — 23 —
@FedFRASER