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STATEMENT FOR THE PRESS Released for publication Friday morning, Sept. l4; not earlier, B-gOl Federal Reserve Board September 13, 1934* CONDITION OF FEDERAL RE-SERVE BANKS The daily average vol"ume of Federal Reserve bank credit outstanding during the week ended September 12, as reported by the Federal Reserve banks., was $2,469,000,000, a decrease of $1,000,000 compared with the preceding week and an increase of $132,000,000 compared with the corresponding week in 1933® On September 12 total Reserve bank credit amoimted to $2,469,000,000, an increase of $2,000,000 for the week. This increase corresponds with increases of $41,000,000 in member bank reserve balances, and $9,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by increases of $5,000,000 in monetary gold stock and $2,000,000 in Treasury and National bank currency, and decreases of $10,000,000 in money in circulation and $29,000,000 in Treasury cash and deposits with Federal Reserve banks# The System1 s holdings of bills and securities remained practically ^-mchanged, an increase of $22,000,000 in holdings of United States Treasury notes being offset by a decrease in Treasury certificates and bills# Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 12, 1934, were as follows: Increase or decrease since Sept . 12 Sept. 5 19*54 1934 Sept. 13 1933 (In millions of dollars) 23 5 2.^31 10 - l TOTAL RESERVE B A M CREDIT Monetary gold stock Treasury and National bank: currency 2.U69 7,96s1 +2 Money in circulation Member "bank reserve balances Treasury cash and deposits with P.R.banks Nonmernber deposits and other IT .R.accounts 5.U09 Bills Bills U . S. Other discounted bought Government securities Reserve "bank credit 2,Ul 4 — - 1 + h +2 -10 +Ul 3,05S -29 +9 -110 - 2 +22S - k +112 +5,528+133 + 9U +i,Uo6 +2,7^1 -66 Released for publication Friday morning, September lU,193^5 not earlier. B-SOla ASSETS AND LIABILITIES OP 1H3 TWELVE FEDERAL RESERVE BANKS COMB IKED (in thousands3 of dollars) Sept. 12.193U Sept. 5,1934 Sept. 13.19 A S S E T S Gold certificates on hand and due from U. S. Treasury Gold Redermotion fund - F. R. notes . . . . . Other cash . . . . . . . . . . . . . . Total reserves Rederrption fund - F. R. tank 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 k,960,996 4,960,078 — 23,0^3 228,314 5.212,353 2,226 5,624 17.716 23,340 23,889 209,113 5,193,080 1,898 953,239 2,599,247 36,719 238,121 3,828,576 8,534 6,180 29,030 17,457 104,203 5.202 1,281 23,637 5,219 922 133,233 7,347 467,343 1,324,622 467,84s 1,303,369 442,231 639,34l 2,431,306 356 2,461,485 3,126 19,700 660,592 2,431,809 356 2,461,943 3,127 — 890,877 869,552 2,202,660 1,789 2,345,029 66,582 3,713 19,577 422,779 54,542 55,575. 8,267,217 2,233,503 6,732,325 3,148,449 31.127 3,1^9,659 31.^32 2,929,123 133,632 3,948,304 3,907,169 162,988 11,710 2,5*+l, 7^5 46,004 458,326 52,820 57.121 17,539 436,531 52,803 L I A B I L I T I E S F. R. notes in actual circulation . . TT.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 * . . * . . . . . . . « . . . . 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 138,729 12,028 200,998 4,300,059 ^53,515 146,663 138,383 22,447 .. 26,5,7^ 8,267,217 70.0$ 647 681 191,180 4,273,047 434,944 21,207 .136,091 2,745,047 4I4,24O 145,889 146,554 138,383 22,453 272,599 37,031 19,684 2,233.503 6,732,325 70.05& 579 491 12,105 66 M 43,362 — ASSETS AND LIABILITIES OP THE FEDERAL RESERVE B A M S ON SEPTEMBER 12, 133^ (in thousands of dollars) A S S E T S Total Gold certificates on hand and due from U . S. Treasury Redemption fund - F. R # notes Other cash Total reserves Redemption fund - F.R.hank notes Bills discounted: Secured by U.S.Govt, obligations Other "bills disco-anted 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 Dae from foreign banks F. R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis B-801b Minn. Kans.Cy. Dallas San Fran, >+,960,996 356,955 1,665,565 255,212 381,8^2 186,158 105,^99 1,097,160 1SU,U95 138,750 177,852 107,191 303,717 1,397 761 1,071 835 ^7 M10 1,-fSk 895 3,029 2,83^ 2,022 3,858 7,^98 13,122 3^,251 8,875 12,297 8,872 6,0^7 12,7^8 19,716 57,106 36,2^9 11,533 378,^55 1,723,566 295,090 396,209 195,678 122,^79 1,132,808 19^,131 152,118 187,559 113,685 320,575 — — — — — — — 2,226 250 1.976 23,oU^ 228,314 — — 5,624 17,716 825 23.340 838 371 3 5,202 1,281 467,343 1,324,622 639.341 13 27,224 87.745 42,709 2,1+31,306 157.67s 356 — 2,461,1*85 158,890 3.126 19,700 236 330 46,718 52,820 3,224 609 57.121 452,386 2,410 11,980 14,390 1,934 101 1,310 4,252 5,562 536 128 29 259 288 204 46l 488 85 193 80 50 137 18'7 17s 271 665 100 61 161 122 450 — 450 650 101 165 13s 303 20 132 26 138 152 85 142 85 164 142 38 319 70 35 145 180 361 — — 16,772 20,390 28,105 51,234 34,361 92,971 165.749 30,024 35,999 17,500 15,966 418,076 92,551 119,06s 57,886 ^2,662 193.930 44,5% 57,957 23,177 25.631 777.755 167,120 213,024 103,563 94,259 356 — — — 76,079 16,166 17,369 51.815 32,450 25,219 15,795 428,343 93,200 65,614 794,180 173,702 213,885 104,501 94,895 109 1,191 342 300 119 727 1,026 1,33S 1,594 5.055 99,86s 36,135 44,797 41,390 13,333 4,332 6,788 3,128 11,468 2,372 5,043 1,447 1,685 2,038 41,666 429,544 93,553 66,321 93,323 71,819 166,872 4l4 88 88 222 10 7 280 1,000 1,514 1,660 1.393 3.7S3 63.519 22,033 14,098 28,601 21,922 25,972 4,089 1,664 3,485 1,757 7.3S7 3,126 613 1,011 438 1.297 231 1,043 — 233,S03 118,461 — — — 24,938 16,724 45,255 92,944 71,475 166,331 — — — 8,267,217 588,712 2,678,970 515,371 66H,H52 3^8,095 236,561+ 1,638,752 31^,7^ 236,251 315,008 210,562 519,736 ASSETS AND LIABILITIES OE THE FEDERAL RESERVE BAKES ON SEPTEMBER 12, 1934. (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta 3,148,449 254,461 65^,357 21*5,798 318,024 156,227 129,751 31,127 972 30,155 — F.R.notes in actual circulation E.R.bank note circulation - net Deposits: Member Dank ~ reserve account 3»§30^ U.S.Treasurer - General accoiont 132,729 Foreign bank 12,028 Other deposits 200,998 Total deposits U,300,059 Deferred availability items U53,515 Capital paid in 1^6,663 Surplus 138,383 Reserve :for contingencies 22,Wf All other liabilities 26,57^ TOTAL LIABILITIES S,267,217 Ratio of total reserves to deposit and F. R. note liabilities combined J0*0 Contingent liability on bills purchased for foreign correspondents 647 Commitments to make industrial advances 681 25^,659 1,572,157 191,694 256,606 133.3S3 74,229 8,796 4,122 2,373 6,655 2,794 67,983 4,43s 1,114 1,207 836 406 441 2,386 127,618 7,016 5*724 2,303 3.912 264,536 1,772,196 >04,039 272,240 138,921 80,920 46,593 94,264 33,539 44,165 41,472 13,516 4,986 4,369 10,757 59,591 15,211 12,968 5,171 5,145 9,610 ^5,217 13,352 14,090 1,053 ^,737 2,500 2,300 1,155 2,485 103 665 37S •is, 453 730 932 Chicago St.Louis B-gOle Minn. Kans.Cy. Dallas San Fran. 772,357 13^,575 105,451 11M19 4s,095 215,274 723,562 126,004 97,251 158,065 126,079 234,615 3,878 2„I46 3,164 i,37S 33,449 1,991 824 325 3S3 325 1,462 267 4,034 15,730 2,407 17,770 3 >723 8,375 762,196 1^7,321 107,884 164,570 130,189 255,047 64,is4 22,756 15,105 27,794 23,136 26,991 4,002 10,776 12,699 4,053 3,11s M 3 3 4,756 3,420 3,613 3,683 9,645 20,681 619 1,133 1,619 851 1,026 2,969 260 247 3,666 324 432 384 588,712 2,678,970 515,371 664,452 348,095 236,564 1,638,752 31^,7^4 236,251 315,008 210,562 519,736 72.9 71.0 65.6 67.1 66.3 73.8 58.1 3S 300 55 51 20 19 110 15 7 105 37 115 68.9 67 71.3 17 132 67.3 12 — 63.8 15 68.2 15 160 MATURITY DISTRIBUTION OF BILLS JUST SHORT TERM SECURITIES Total Bills discounted Bills bought Industrial advances Certificates and bills Municipal warrants 23,340 5,202 1,281 639,3^1 356 Within 15 days 17,401 441 3 48,522 356 16 to 30 days 646 142 17 51,5^7 31 to 60 days 651 928 25 78,468 6l to 90 days 4,59S 3,691 80 40,875 91 days to 6 months Over 6 months 8 36 942 214 403,329 16,600 3S FEDERAL RESERVE NOTE STATEMENT OH SEPTEMBER 12, 1934 (in thousands of dollars) Total Federal Reserve notes: 3,^36,603 Issued to F.R.bank "by F.R.Agent 28b,ISU Held "by Federal Reserve Dank 3,148,449 In actual circulation Collateral held "by agent as se« curity for. notes issued to bank: Gold certificates on hand and 3,189,656 due from U.S.Treasury 12,852 Eligible paper 278,400 U.S. Govt, securities 3,480,908 Total collateral Boston Uew York Phi la, Cleve. Rich. Atlanta 281,880 27»4l9 756,754 261,686 331,963 1 6 3 , 9 1 5 1 ^ 9 , 6 b l 102,397 15fgS8 13*939 7>628 1 9 , 9 1 0 254,461 Chicago St •Louis B~S01d Minn. Kans.Cy* Dallas San Fran, 807,898 l4l,640 109,986 120,679 53,^0 257,091 654,357 245,79s 318,024 156,287 1 2 9 , 7 5 1 35,5^1 7,065 4,535 6,660 772,357 13^.575 105/451 l l M l 9 5,355 4 i 5 8 1 7 48,095 215,274 281,117 838 763,706 212,500 282,431 134,340 8,273 1,828 288 343 ^o,ooG 50,000 30,000 81,385 152 72,000 8 1 9 , 5 1 3 132,93b 108,000 1 1 3 , 2 9 0 450 \ 156 178 75 10,000 2,400 10,000 54,675 205,763 164 107 — 54,000 281,955 771,979 264,328 332,719 164,683 1 5 3 , 5 3 7 819.963 143,092 1 1 0 , 5 7 s 123,365 5M39 259,270 FEDERAL RESERVE B A M UOTE STATEMENT OS SEPTEMBER 12, 1934 (in thousands of dollars) 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 Total Boston New York Phi la. 42,739 1,511 31,020 10,208 11,612 539 S65 10,208 31,127 972 30,155 48,474 5,000 31/474 12,000 48,474 5,000 ,31,474 12,000 Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, *Does not include $94,502,000 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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