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STATEMENT FOR THE PRESS Released for publication Friday morning, Seiot. 15; not earlier B-SOl Federal Reserve Board September lU, 1933 CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended September 13, as reported by the Federal Reserve banks, was $2,337,000,000, an increase of $33,000*000 compared with the preceding week and of ,000,000 compared with the corresponding week in 1932* On September 13 total Reserve bank credit amounted to $2,357*000,000, an increase of $27,000,000 for the week. This increase corresponds with an increase of $103,000,000 in member bank reserve balances and a decrease of $2,000,000 in monetary gold stock, offset in part by decreases of $U6,000,000 in money in circulation and $21,000,000 in unexpended capital funds, nonmenber deposits, etc., and an increase of $10,000,000 in Treasury currency, adjusted. Bills discounted declined $6,000,000 at the Federal Reserve Bank of San Francisco, $3,000,000 at New York and $12,000,000 at all Federal Reserve banks. The System* s holdings of bills bought in open market and United States bonds show practically no change for the week, while holdings of United States Treasury notes increased $16,000,000 and of Treasury certificates and bills $20,000,000. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 13, 1933* were as follows: Increase or decrease since Sept. 13 Sept. 6 1933 , 195? Sept. ik • 1932 (In millions of dollars) + 269 27 352 Bills discounted Bills "bought U. S. Government securities Other reserve "bank credit 133 7 2,203 Ik - 12 TOTAL RESERVE BAKE CREDIT Monetary gold stock Treasury currency adjusted 2,357 M27 1,963 +27 - 2 +10 + 5 6 +199 + 9 7 Money in circulation Member "bank reserve "balances Unexpended capital funds, no nmember deposits,etc 5,6Q2 2,542 503 - U6 +103 - 21 66 + 29S + 120 + 37 + 2 Released, for publication Friday morning, Sept. 15,1933; not earlier, B~801a ASSETS AHD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Sept. 13,1933 Sept. 6,1933 2,7^0,651 36,71^ 2,777,370 565,831 2,748,851 35,913 2,784,764 Sept.1**. 1932 ASSETS Gold with Federal Reserve agents . . . . Gold redemption fund wita U.S.Treasury , Gold held exclusively against F.R.notes Gold settlement fund with F. R. Board . Gold and gold certificates held "by banks Total gold reserves Other cash* . . . . . . . . . . . . . . Total gold reserves and other cash . Redemption fund - F. R. bank notes . . Bills discounted: Sec. by U.S. Government obligations . Other bills discounted Total bills discounted .... Bills bought in open market 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 247,254 561,834 2,130,678 56,560 2,187,238 297,635 3^7,75^ 3,590,455 238,121 241,733 3,588,381 221,136 3,828,576 8,534 3,809,517 8,224 3,115,369 29,030 37,704 lozxosa 1^,793 6,974 144,229 257,704 401,933 33,726 ^1,985 874,846 849,540 400,796 1,029,384 104,203 133,233 7,347 442,231 890,877 869,552 2,202,660 1,7*9. 2,3^,029 2,166,371 1,939 2,320,077 3,713 2,832,627 282,742 — 420,747 1,850,927 5,426 2,292,012 2,660 18,065 3,713 19,577 >+22,779 54,542 55,975 15,290 376,616 54,541 52,952 50,310 6,738,325 6,640,930 5,947,562 2,989,123 133,638 3,010,949 2,789,123 2,541,745 46,oo4 2,435.393 55,695 75,865 17,036 411,019 58,127 L I A B I L I T I E S F. R. notes in actual circulation . . F. R. bank notes in actual circulation Deposits: Member bank - reserve account . . . Government . . . . . . . . . . . . Foreign bank ...... Special deposits - member bank . . nonmember bank Other deposits . Total deposits . . . Deferred availability items . . . . Capital paid in . . . . . . . . . . All other liabilities TOTAL LIABILITIES . . . . 21,207 16,44s 43,778 2,7^5,0)+7 4l4,240 145,339 278,599 31.789 6,738,325 132,687 32,033 75,703 53,185 2,673,045 370,581 146,030 278,599 29,039, 6,640,930 — 2,243,816 18,474 10,556 — — 25.764 2,298,610 404,987 153,066 259,421 42,355 5,947,562 Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined . 66.8$ 67.0$ 61.256 Contingent liability on bills purchased for foreign correspondents . . . . 43,362 41,402 42,437 * "Other cash" does not include F. R. notes or a "band's own F.R.bank notes. A S S E T S ASSETS AND LIABILITIES OP THE FEDERAL BESEEVE BANKS OH SEPTEMBER 13, 1933 (In thousands of dollars) Total Boston New York Gold with Federal Reserve agents 2,740,651 224,156 646,706 Gold redemption fund with U.S.Treas. 36,719 1,278 6,549 Gold held exclusively against 2,777,370 225,434 P. R. notes 653,255 Gold settlement fund with JJR.Board 565,831 21,551 198,837 144,410 Gold and gold certif. held by banks! 247,254 21,846 Total gold reserves 3,590,455 Other cash* 238,121 Total gold reserves & other cash'•3,828,576 Redemption fund - F.R.bank notes 8.534 Bills discounted: 29,030 Secured by U.b.Govt. obligations Other bills discounted 104,203 Total bills discounted 133,233 Bills bought in open market 7,3^7 U.S.Govorrment securities: 442,231 Bonds Treasury notes 890,877 Certificates and bills 269,552 268,831 19,175 2,748 1,315 3,279 4,59^ 451 12,389 28,608 23,413 57,565 54,684 Total bills and securities Dae froni foreign banks P. R. notes of other banks Uncollected iteras Bank premises All other assets 2,3^5,029 140,707 284 3,713 14,792 40,704 18,951 15,256 4,335 1,495 11,395 4,027 9^6,502 219,127 272,644 143,037 109,370 65,787 26,346 21,143 11.42S 11,011 706 2,202,660 135,662 TOTAL ASSETS 129,079 227,605 122,591 93,9^8 280,006 1,062,289 2U5/473 293,787 154,465 120,381 Total U.S.Govt, securities Other securities 1,789 Phila. Cleve. Rich. Atlanta 185,000 222,770 121,130 91,150 If,079 4,835 l,46l 2,798 — 19,577 339 422,779 49,252 54,542 3,280 713 55.575 375 565 — 583 Chicago St.Louis Minn. Kans.Cy. Dallas San Iran. 7^,5^7 112,816 69,789 99,290 29,014 190,263 3,152 1,668 1,702 1,367 1,06S 6,762 751,719 114,484 71,451 100,657 144,194 30,329 16,390 27,171 290 12,497 8,042 652 30,082 197,025 15,960 25,557 88,171 140,325 5,801 9,488 51,307 251,721 6,809 18,220 58,116 269,941 5SS 236 903,955 145,465 32,807 762 6,529 5,9^ 7,291 214 7,065 S03 173,677 28,674 33,136 11,433 313,010 64,231 83,997 28,993 293,604 60,986 79,792 27,5^ 780,291 153,891 196,925 67,971 — 510 1,237 10,645 26,943 824,858 133,889 209,651 409 367 1,369 462 1,205 6,567 108,501 34,143 41,405 12,818 3,618 6,929 30,611 4,808 2,521 25,603 63,191 3,238 3,925 1,117 935 2,106 3,041 174 90 3,499 3,589 118 426 3,772 4,198 177 5,265 202 3,989 4,191 177 29,139 682 5,275 5,957 l,4o6 75,165 l4,4oo 16,494 13,26s 16,779 25,147 146,675 35,243 22,655 30,636 17,183 63,746 166,387 33,^7.9 21,492 29,104 16,320 60,556 388,227 83,122 6o,64l 73,008 50,282 149,449 — — . — 42 - - 79,561 70,696 145 130 1,118 34,939 10,106 936,762 155,571 93,972 149,813 50 2,489 98 96 4,528 4,536 2,043 24,311 7,584 9,303 28,839 12,120 11,351 649 606 239 40,997 2,333 B-SOlb 1,383 11,724 2,422 4,471 396,095 §6,337 64,590 77,383 54,650 156,812 506 260 12 107 17 107 824 314 3,797 376 1,257 1,935 55,482 18,192 11,598 21,462 14,311 21,770 4,244 7,609 3,285 1,747 1,793 3,559 1,116 2,041 2,022 608 1,401 6,738,325 433,292 2,049,761 473,177 556,430 277,391 211,790 l,4o4,78l 264,932 173,524 255,653 131,280 456,314 * "Other cash" does not include P. R. notes or a bank's own F. R. bank notes. ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON SEPTEMBER 13, 1933 B-SOlc (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San Fran. F.R.notes in actual circulation 2,989*123 223,070 638,950 238,686 301,1*91 137,934 117,1461 7^7,091 133,131 92,969 108,907 31,382 218,001 1,710 967 9,815 4,Ol4 12,669 F.B.bank notes in actual circulation 133$632 52,734 7.261 10,507 -1,8^3 31,275 793 Deposits: 467,846 81,429 50,365 106,02s 55,585 159,708 Member bank - reserve account 2,^blf 155,671 1,070,645 127,S30 144,329 69,587 52,722 7,545 2,229 1,174 1,149 3,631 Government hSfC0b 8,153 4,778 4,531 2,496 3,156 2,579 4,583 620 6,971 2,116 748 2,779 492 2,244 834 Foreign bank 21,207 1,560 620 1,496 727 6,469 11,449 29,521 4,630 5,625 1,674 6,497 3,59'3 2,19s 2,259 1,591 Special deposits: member bank 75JS65 359 807 185 464 7,229 947 190 1,419 3,419 153 no run ember batik: lot 44s 1,635 4 1,129 "474 486 9,467 7,589 344 2,203 4,458 3,827 6,711 4,513 2,577 Other deposits 3,778 L I A B I L I T I E S Total deposits Deferred availability items Capital paid in Surplus All other liabilities TOTAL LIABILITIES Ratio of total gold reserves anl other cash* to deposit and F.R. note liabilities combined Contingent liability on bills purchased for foreign correspondents 2,745,0U7 165,982 1,101,904 101,176 4l4,240 58,497 145,889 10,771 S5,05S 278,599 20,460 11,392 695 31.789 148,422 159,866 88,044 63,311 31,961 41,124 33,900 10,917 15,747 12,379 4,882 4,857 29,242 28,294 ll,6lS 10,544 1,858 2,769 965 2,857 515,260 95*867 56,703 111,633 59,534 178,521 54,569 19,905 11,172 20,956 15,299 23,616 2,872 4,227 3,725 10,688 4,on 13,233 8,263 8,719 19,701 7,019 39,497 10,186 700 2,806 1,773 3,856 1,039 1,079 6,738,325 483,292 2,049,761 473,177 556,430 277,391 211,790 1,404,781 264,932 173,524 255,653 131,280 456,314 66.8 61.0 74.0 43,362 14,682 3,144 63.4 4,522 63.7 4,263 0S.3 66.6 1,680 1,507 74.2 5,598 67.9 1,464 62.8 67.9 990 1,249 63.9 68.l 1,2^ 3,01.4 MATURITY DISTRIBUTION OF BILLS AND SHORT TERtI SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 133,233 7,347 869,552 1,789 Within 15 days 15 to 30 days 96,670 11,961 2,877 187,431 1,677 1.065 78,088 33 31 to oO days bl to 90 days 12,415 744 97,472 11,092 2,661 151,670 37 * "Other cash" does not include P. R. notes or a bank's own F. R. bank notes. 91 days to 6 months 1,033 Over 6 months 194,029 42 160,862 62 FEDERAL RESERVE 1T0TE STATEMENT OH SEPTEMBER 13, 1933 (In thousands of dollars) Total Boston Hew York Phi la. Cleve. Rich... Atlanta Federal Reserve notes: Issued to F.R.barik: lay F.R.Agent 3,282,847 249,901 728,814 259,066 314,759 146,551 l4l,381 Held by Federal Reserve tank 293,724 26,831 89,864 20,380 13,268 8,567 23,920 In actual circulation 2,939,123 223,070 638,950 238,686 301,491 137,984 117,461 Collateral held "by agent as security for notes issued to "bank: Gold and gold certificates 1,521,916 73,339 523,606 97,450 107,270 51,625 21,150 Gold fund - F. R. Board 1,218,735 150,817 123,100 87,550 115,500 69,505 70,000 Eligible paper 81,215 2,450 26,342 12,433 10,583 6,494 4,670 U.S. Govt, securities 507,700 25,XQ 80,000 62,000 85,000 20,000 47,000 Total collateral 3,329,566 251,606 753,o4s 259,433 31s,353 147,624 142,820 B-SOld Chicago St.Louis Minn. Ivans. Gy. Dallas San Fran. 786,651 142,422 92,323 118,975 34,526 261,478 39,560 9,291 5,354 10,068 3,144 43,477 747,091 133,131 92,969 108,907 31,382 218,001 439,567 43,116 309,000 69,700 2,719 2,264 40,000 29,000 791,286 144,080 29,789 21,490 40,000 77,800 1,838 2,893 27,2X> 20,000 98,827 122,183 19,014 94,500 10,000 95,763 3,395 M34 2,500 70,000 35,409 264,897 FEDEBAL RESERVE SAHZ 1T0TE STATS1.52TT 0!T SEPTEMBER 13, 1933 (In thousands of dollars) Total Federal Reserve bank notes Issued to F.R.Barik( out standing) In actual circulation 156,211 Boston New York 14,586 phila. 63,322 52,724 7,442 7,261 Clave. 12,884 Rich. Atlanta Ciiicrgo St.Lcuis Minn. Kans.Cy. Dallas San Fran, 1,878 33,109 1,09s 10,507 1,843 31,275 793 1,451 133,638 12,669 2,205 179,274 20,000 64,274 8,000 15,000 254 3,000 4o,ooo 5,000 181,479 20,000 64,274 s,ooo 16,451 3,254 40,000 5,364 1,776 66 1,710 922 14,898 4,236 9,215 222 4,0l4 2,000 136 1,000 16,000 5,000 2,000 1,000 5,000 967 Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Govt, securities Total collateral 364 16,136
@FedFRASER