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STATBMEKTT FOR THE PRESS B-801 Federal Reserve Board October 4f I93U. Released for publication Friday morning, Oct* 5; not earlier. COM) moil OF FEDERAL H3SERVE 3AMIS The daily average volume of Federal the wee^ ended October 3? reported, by $2,460,000,000, a decease of $£,000,000 an increase of $$±,000,000 compared with Reserve bank credit outstanding during the Federal Reserve banks, was compared with the preceding week and the corresponding week"in 1933• On October 3 total Reserve bank credit amounted to $2,^55,000,000, a decrease of $8,000,000 for the week. This decrease corresponds with decreases of $75,000,000 in member bank reserve balances and 000,000 in nomember deposits and other Federal Reserve accounts and an increase of $4,000,000 in monetary gold stock, offset in part by increases of $65,000,000 in money in circulation and Federal Reserve banks and a de$7*000,000 in Treasury cash and deposits with crease of $2,000,000 in Treasury and National bank currency. Bills discounted decreased $5,000,000 at the Federal Reserve Bank of New York and at all Federal Reserve banks• There was practically no change in holdings of bills bought in open market, vhile increases of "2,000,000 in holdings of Treasury certificates and bills and of $1,000,000 in United States bonds were offset by a decrease of $3,000,000 in holdings of United States Treasury notes. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended October 3, 193^, were as follows: Increase or decrease since Oct. 3 19 3H Sept. 26 19^ Oct. k 1933 (In trillions of dollars) Bill® Bills U. S . Other discounted bought Government securities Reserve bank credit TOTAL HSSSHV1 BANK CICDIT Monetary gold stodr Treasury and national bank currency Uoney in circulation Member bank reserve balances Treasury cash and deposits with F.R.banl's Honmember deposits and other 3F.R. accounts If) 6 2.^31 - 5 -10s - 1 +122 - 7 3 + l - U 2,^55 7,920 2,1+07 + if - 2 +3,91+3 +128 +65 -75 +103 +1,372 +2 >696 3,295 3,06S kll - 8 + - 7 ^ + 6 -94 Released for publication fridsy morning, October 5,1934; n o t earlier. B-SOla ASSETS AiTD LIABILITIES OF THE TU1I.V3 KSPIML SSSERVS BASKS COtSXSXD (In thousands of dollars) Oct. 1934 Sept. 26.1934 Oct. 1933 A S S E T S Gold certificates on hand and due froiu U. S. Treasury Gold . . Redemption fund R. notes . . . . Other cash . Total reserves Redemption fund - F. It, 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 . . . I>ue from foreign banks ....... F. R. notes of other banks Uncollected items Bank premises . . .. All other assets '+,958,5^ 4,95S,007 - - — 21,79s 211,449 5,191,791 2,186 10,805 15,257 5,810 2,467 396,564 22,29s 957,495 2,598,017 36,273 219,232 236,651 5,216,956 1,829 3,811,017 5,137 15,177 23,241 99,743 122,984 5.812 1,961 7,195 20,314 395,541 1,421,720 6l.2jiS.72. 1,419,213 615,3SS 2,431,165 2,430,133 . 3P5. 2,455,004 327 2,453,547 9,839 — 441,271 971,411 896.534 2,309,216 1,837 2,441,232 4,238 15,948 429,705 54,614 1,319 IS,733 479,511 52»385 54,024 1,819 22,488 433,443 52,821 53.642 8,255,456 8,241,545 6,823,443 . . 3,175,674 30,194 3,134,973 30,479 2,999,389 . . . 3,394,632 3,969,517 2,523,409 TOTAL ASSETS 56,850 L I A B I L I T I E S F. H. notes in actual circulation . F. R. bank note circulation - net . Deposits: Member bank - reserve account . . U. S. Treasurer - General account Foreign bank . . . . . . . . . . . Total deposits Deferred availability items . . . . f Capital t>aid 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 156,3S7 9,476 172,933 4,233,428 430,370 146,798 138,383 22,444 28.165 8,255,456 70.1$ 690 1,633 154,512 9,740 175,320 4,309,689 430,714 146,752 138,383 22,446 28.109 8,241,545 70.1% 753 756 160,789 98,045 16,098 142,598 2,780,150 425,678 145,605 278,599 12,103 21.130 6,823,443 65.9* 40,549 — ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 3, 1934 (in thousands of dollars) A S S E T S Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis B-801b Minn. Kans.ty. Dallas San Fran Gold certificates on hand and due 4,958,544 3^8,533 1,760,163 255,148 362,549 193,483 114,674 1,03^,737 176,550 133,936 167,300 103,405 308,066 from U. S. Treasury Redemption fund - F. R. notes 21,798 1,138 811 1,007 429 4,019 1,504 2,887 2,674 1,717 3,650 789 1,173 Other cash 10,696 7,284 5,864 11,431 10,9^2 211,449 20,796 34,998 11,419 8,047 8,318 30,285 51,309 Total reserves 5,191,791 370,467 1,812,976 293,033 376,642 203,21*7 129,266 1,066,195 185,679 11+5,639 175,373 109,698 323,576 — Redemption fund - F. R. bank notes 2,126 250 — — — — — — — — 1,936 — Bills discounted: 14 SO 161 10 772 216 Secured by U.S.Govt, obligations 4,452 1,240 1,769 87 3 75 25 10,805 21 4,040 284 156 4l 120 126 Other bills discounted 398 5,51^ 71 15,257 5,810 2,^67 1,261 lfis 3 396,564 1,1+19,213 615,388 Total U.S.Govt, securities 2,1+31,165 Other securities 305 Total bills and securities 2,1+55,001+ Dae from foreign banks 1,319 F. R. notes of other banks 18,733 479,511 Uncollected items 52,888 Bank premises 54,024 All other assets 23,213 93,^10 1+1,055 157,678 Total bills discounted Bills bought in open market Industrial advances U.S.Government securities: Bonds Treasury notes Certificates and bills TOTAL ASSETS 7,283 2,167 128 485 216 475 500 546 95 — 130 159 165 44 159 98 151 404 15 62,143 13,798 15,358 ij+,331 251,597 55,161 35,055 54,541 114,603 24,241 15,182 23,972 428,343 93,200 65,595 92,844 18,819 36,578 16,078 71,475 23,857 98,97^ 43,500 166,331 236 199 369 140,956 25,139 30,552 14,855 13,537 450,287 99,162 126,758 61,623 56,067 186,512 ^2,819 55,70S 27,085 24,633 777,755 167,120 213,024 103,563 9^,237 305 737»333 172,977 214,165 104,739 95,o4i 143 127 46 50 , *97 4,520 716 609 973 1,679 112,432 32,297 ^,057 48,151 15.7&3 11,468 ^,399 6,788 3,128 2,372 39,025 ^,953 1,^30 1,650 2,006 — 159,360 99 367 51,923 3,224 63!+ 4,812 6o4 136 — — 85 85 552 195 122 251 75 731 180 — — — — — 429,329 93.76s 66,317 93,298 71,776 166,901 94 37 9 7 37 173 2,306 301 1,146 1,158 1,585 3,373 62,9^2 21,446 13,531 28,194 19,295 23,480 7,3^7 3,126 1,664 3,485 1,757 4,090 838 436 1,270 220 573 989 8,255,1+56 586,321+ 2,770,187 511+,1+n 6i+i+,i82 362,61+1+ 21+5,210 1,570,669 305,833 229,293 301,981 203,702 521,020 ASSETS Aim LIABILITIES OF THE FEDERAL RESERVE BANKS Oil OCTOBER 3, 1934 (In thousands of dollars) L I A B I L I T I E S Total F.R.notes in actual circulation F.R.bank note circulation net Deposits: Member bank - reserve account U.S .Treastirer - General account Foreign bank Other deposits Boston 3.175.67^ 30,13^ 3,894,632 156,327 9,476 172,933 Hew York 265,214 897 706 1,216 Rich. Atlanta 665,215 24o,i2s 305,616 163,437 133,659 1,000 243,962 Flaila- Cleve. Chicago St.Louis B-SOlc Minn. Kans.Cy. Dallas San Fran. 773,536 132,356 107,727 116,237 53,157 213,222 29,19^ 1,643,734 77,430 3,060 114,280 193,256 250,240 2,74s 9,136 1,020 4,599 942 3,902 72,170 1,655 343 3,651 3,002 135,604 814 4,233,428 246,721 1,238,504 206,623 264,220 140,442 107,849 35,536 44,264 47,264 4S0,370 51,203 59,610 15,242 13,000 4,993 146,798 10,761 45*217 13,352 14,090 5,171 9,610 138,383 4,737 22,444 1,053 2,500 2,300 1,155 19,861 702 , 692 , , 28slo5 132 964 TOTAL LIABILITIES 2,255,456 526,324 2,770,127 514,411 644,102 352,644 vac to deposit and Ratio of total re. 72.4 72.4 65.6 66.1 F. R. note liabilities combined 70.1 70. 66.9 1 Contingent liability on bills purchased 213 76 for foreign correspondents 70 28 53 690 Commitments to make industrial 660 15 2 advances 105 37 1,633 Total deposits Deferred availability items Capital paid in Surplus Reserve for contingencies All other liabilities 83,170 15,96s 4,370 5,145 2,425 633,93? 53,787 1,236 2,818 691,779 65,076 12,723 20,b21 2,567 3,9.07 .to . 245,210 1,570,669 72.S 59.6 25 92 90,810 144,347 1,322 607 226 275 134,504 99,728 148,359 119,918 259,400 13,911 22,926 21,488 25,948 3,120 4,122 4,oi4 10,774 3,613 3,683 9,645 3,420 '•22,337 4,063 4,756 7,364 S51 1,026 , 366 .301 305,833 -229,233 68.0 24 3,130 619 m 301.9S1 70.2 66.3 17 492 75 116,261 1,012 117,522 4,912 324 11,620 20 241,722 2,055 275 696 2,, 370 J ^ 2 2 1 1,133 1,612 301 413 203,702 521,020 63.4 6s.5 20 52 15 232 MATURITY DISTRIBUTION OF BILLS MTD SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Industrial advances Certificates and bills ifunicipal warrants 15,257 5.210 2,467 615,32s 305 Within 15 12,570 126 i-4 40,752 305 16 to 30 days 474 3,68721 35,079 31 to 60 days 1,012 320 . 25 54,865 6l to 90 days 1,172 1,617 133 91 days to 6 months Over 6 months 4 25 209,276 275.326 1,951 FEDERAL RESERVE 1T0TE STATEMENT OH OCTOBER 3, I93U (In thousands of dollars) Total 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 Boston Hew York Fhila. Cleve. Rich. Atlanta B-SOld Chicago St.Louis Minn. llans.Cy. Dallas San Fran. 3,^S,330 232,265 272,656 27,651 3,175,67^ 265,21^ 757*2*43 257,^sH 320,820 171,133 151,333 32,03^ 17,236 15,212 7,706 18,27*+ 665,215 2^0,188 305,616 163,US7 133,653 205,131 1^3,23U 111,3s1*- 122,573 58,706 255,67^ 31,535 M38 3,607 6,342 5,5^9 1+2,^2 773»536 132,356 107,7S7 116,237 53,157 213,222 3,177,^16 27s,117 SM^ 1,261 30U;800 15,000 3,^91,630 23^,37.8 763,706 202,000 273/431 1^6,3^0 81,335 5,510 1,163 ^52 3^3 210 — 50,000 50,000 25,000 72,000 763,216 259,163 323,883 171,683 153,535 813,513 125,330 106,000 103,550 59,675 205,763 75 130 15 63 H1+ 82 — 18,000 5,800 ,15,000 — 5^,000 S19,523 1UU,126 111,815 12^,613 59,713 253,81+5 FEDERAL RESERVE BAPE NOTE STATEMENT OH OCTOBER 3 , I33I+ (in thousands of dollars) Federal Reserve bank notes; Issued to F.R.hank( out standing) Held by Federal Reserve bank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills U.S. Govt, securities Total Boston 1+1,633 1,5H Hew York Phila. 23,380 10,208 11,505 30,131+ 511 1,000 726 10,208 23,13*+ 1+7,1+7^ 5,000 30 >^7** 12,000 1+7,^7^ 5,ooo 30,1+7^ 12,000 Cleve. Rich. Atlanta Chicago St.Louis — Minn* ICans.Cy. Dallas San Fran. — — Total collateral •Does not include $31,112,000 of Federal Reserve hank notes for the retirement of which Federal Reserve "banks have deposited lawful money with the Treasurer of the United States.
@FedFRASER