The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS 3-801 Federal Reserve Board September 20, I93U. Released for publication Friday morning, Sept. 21; not earlier. COED IT ION OF FEDERAL RESERVE BAFE3 The daily average volume of Federal Reserve bank credit outstanding during the week ended September 19, as reported by the Federal Reserve banks, was $2,^73,000,000 an increase of $U,000,000 compared with the preceding week and of $109^000,000 compared with the -Corresponding week in 1933* On September 19 total Reserve bank credit amounted to $2,^66,600,000, a decrease of $3,000,000 for the week. This decrease corresponds with decreases of $59,000 ,000 in member bank reserve balances and $12,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of ,000,000 in monetary gold stock, offset in part by increases of $ 6 6 , 0 0 0 , 0 0 0 in Treasury cash and deposits with Federal Reserve banks and $3,000,000 in money in circulation and a decrease of $2,000,000 in Treasury and National bank currency. The System1 s holdings of bills discounted and bills bought in open market remained practically "unchanged. An increase of $97,000,000 in holdings of United States Treasury notes was offset by decreases of $70,000,000 in holdings of United States bonds and $27,000,000 in Treasury certificates and bills. Changes in the amo-unt of Reserve bank credit outstanding and in related items during the week and the year ended September 19, 193^, were as follows: Increase or decrease since Sept. 19 19 Sept. 12 193^ Sept. 20 1933 (In millions of dollars) 22 5 2,431 s - 2 -10s - 2 +193 - 5 TOTAL RESERVE B A M CREDIT Monetary gold stock Treasury and National bank currency 2,466 7,972 2,4-12 - 3 + 4 - 2 + 72 +3,932 +132 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.baaks Nonmember deposits and other F.R.accounts 5.412 3,SS9 3,124 425 + ^ +94 +1,346 +2,790 -87 Bills Bills U. S. Other discounted bought Government securities Reserve bank credit - l __ — -59 +66 -12 Released for publication Friday morning, September 21;1934; not earlier. B-SOla ASSETS AND LIABILITIES OF THE TTCELVED FEDERAL RESERVE BATIKS C0M3IHED (In thousands of dollars) Sept. 19.1934 Sept. 12.195** Sept. 20.1933 A S S E T S ' Gold certificates on hand and due from U. S. Treasury Gold Redemption fund - F. R. notes Other cash 4,957,624 Total reserves 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 Industrial advances U.S. Government securities: Bonds Treasury notes Certificates and bills 4,960,996 — 23,043 228.314 5,210,739 1,995 5,212,353 16.6OS 5,357 17,716 21,965 23,340 27,092 103,069 130,161 5,202 6,932 5,202 1,494 . 1,421,710 396,643 612,369 2,430,722 356 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 36,162 23.582 229,733 . Total U.S.Government securities 955,529 2,599,275 2,226 5,624 1,281 230.835 3,821,801 8,528 - - 467,343 1,324,622 639,341 441,396 934,624 861,760 2,431,306 2,237,720 356 1,789 2,376,662 2,459,739 2,426 22,735 4s6,94o 2,461,485 52,821 52,937 52,820 57,121 3,909 19,799 435,845 54,551 54,112 8,290,332 8,267,217 6,775,207 3,146,596 3,148,449 31,127 2,986,781 3,948,304 138,729 12,028 200,998 4,300,059 2,543,328 59,123 16,174 147.997 2,766,622 453,515 146,663 138,383 22,447 428,340 145,858 278,599 27.701 26,57^ 19,732 2,290,332 8,267,217 6,775,207 3,126 19,700 458,386 L I A B I L I T I E S F. R. notes in actual circulation . . . F. R. bank note circulation - net . . . Deposits: Member bank-reserve account U. S. Treasurer - General account . . Other deposits Total deposits 30,633 3,889,365 210,462 io,57S 184,524 . 4,294,929 Deferred availability items Capital paid in . Surplus . . . . . . . . . . . . . . . . Reserve for contingencies . . All other liabilities 482,972 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 146,671 138,383 22,447 lO.Ofo 599 686 137,170 12405 70.0$ 66.4$ 647 681 46,701 ASSETS A2JD LIABILITIES OP THE FEDERAL RESERVE BAKIS OH SEPTEMBER 19, I93I+ (In thousands of dollars) A S S E T S Total Gold certificates on hand and due !+,957,62i+ from U. S. Treasury 23,382 Redemption fund - F. R. notes 229,733 Other cash Total reserves 5,210,739 Redemption fund - F.R.bank notes 1,995 Bills discounted: Secured by U.S.Govt, obligations 5,357 16,608 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 Phila. 735 13 71+8 1,1+91+ 371 3 396,61+3 23,215 J, 1+21,710 93,623 612,369 1+0,81+0 2,1+30,722 157,67s 2,623 11,009 2,1+59,739 15s,800 2,1+26 183 22,735 336 1+86,91+0 1+9,706 52,821 Rich. Atlanta 13,632 1.93^ 125 1,207 1+,081 59 258 237 502 10 166 5,288 317 1+88 85 739 193 80 176 178 297 536 135 11+0,958 25.139 30.557 1^,855 13,520 1+51,177 99,381+ 127,01+7 61,763 56,185 185,620 1+2,597 55,1+20 26,91+U 2i+,507 777,755 167,120 213,021+ 103,562 911,212 356 52,937 Cleve. Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 350,1+20 1,719,1+69 259,127 377.891 192.758 102,01+3 1,069,650 180,091+ 131,211+ 171,3^0 101+.551+ 299,061+ 1,696 1,833 2,991 2,788 1,980 3,707 1,303 728 1,020 802 1+1+1 1+.093 19,731 56,527 36,1+88 12,232 8,893 13,059 3M73 8,1+07 11,917 8,668 6,11+9 13,1+89 371»Sl+7 1,777,829 298,606 392,911 203,631 118,809 1,105,126 189,229 ll+l+,151 180,810 111,11+1+ 316,61+6 250 1,71+5 — 21,965 5,202 Hew York B-801b 3,22!+ 608 150 150 650 101 100 60 160 122 192 165 122 287 85 339 16 12^ 118 ll+9 ll+2 93 I3I+ ll+2 1+1+ 30 155 185 361 62,11+2 13.797 " 15/852 55,287 3I+/623 lll+,108 2i+,ll6 15,103 1+28,31+3 93,200 65,57s 13,931 18,820 23,857 5l+,666 36,662 99,200 23,81+7 15,993 1+3,27^ 92,1+1+1+ 71,1175 166,331 1+29,21+U 93,67!+ '66,289 10 321 7 92,828 252,093 - 793,1+1+6 173,^35 213,91^ lQl+,571* 9 M 6 3 922 265 233 92 85 7,711+ 708 1,000 1,1+71+ 1,108 119,521+ 37,91^ 1+3,31+0 1+3,862 1M95 11,1+68 1+.333 6,788 3,12s 2,372 37,61+6 5,039 1 , ^ 2 1,669 2,pi+7 3,800 68,213 7.3S7 1,288 1,351 1,377 21,673 •15,171 3,126- 1,661+ 236 937 68 1,^63 28,377 3,1+85 l+l+l 71,795 166,877 68 172 309 2.095 20,53l+ 1,757 930 2l+,53l l+,089 60!+ 8,290,332 58i+,95i+ 2,750,291+ 520,300 659,628 358,1+30 233,379 1,615,379 309,299 229,61+6 307,^72 206,537 515,011+ ASSETS A1ID LIABILITIES OF THE FEDERAL RESERVE BAKES OK SEPTEMBER 19, I93U (In thousands of dollars) L I A B I L I T I E S Total Boston STew York 260,663 Phila. 2^3,555 F.R.notes in actual circulation F.R .bank note circulation - net Deposits: Member "bank - reserve account U.S .Treasurer - G-eneral account Foreign bank Other deposits 3,1/46,596 30,633 Total de-posits Deferred availability items Capital paid in Surplus Reserve for contingencies All other liabilities H,294,929 251,70U 1,826,374 1+82,972 ^9,531 113,901 11+6,671 10,761 59,576 138,383 9,510 45,217 22,447 1,053 737 19,420 750 27,701 651,31S 29,751 882 Cleve. 312,737 157,^32 129,322 136,085 70,030 S,5>+3 kUl 2,904 406 4,020 3. gs 9»365 2^3,837 1,581,110 191,570 258,287 121,817 7,956 3,63k 210,1+62 5,31^ 2,983 1,207 1,114 10,578 836 120/459 184,524 5,4s4 5,189 1,717 8,290,332 584,954 TOTAL LIABILITIES Ratio of total reserves to deposit and 70.0 72.6 F. R. note liabilities combined Contingent liability on bills purchased for foreign correspondents 599 38 Commitments to make industrial 110 686 advances 2,500 2,100 951 651 66.9 66.4 251 1,626 206,217 274,284 146,695 38,51'+ '42,598 ^2,733 15,211 12,968 4,994 13,352 14,090 5,171 2,750,294 520,300 659,62s 71.8 Rich. Atlanta 55 15 1,155 250 77,360 14,319 4,370 5,145 2,485 211 Chicago St.Louis >7.5 51 20 19 105 37 115 Minn. Kans ,Cy. Dallas San Fran. ^9,718 212„154 773,799 135,^39 106,164 114,295 693,088 121,3HO k,Jll 37,597 1,1+62 383 2,666 15,262 73*+, 813 141,696 66,720 22,161 12,715 4,053 20,681 4,756 2,969 851 358,^30 233,379 1.615.379 309,299 67.0 B-gOlc 73.3 68.3 67 90,216 151,01+8 1,133 1,956 267 325 3,080 99,812 15,773 3,114 3.420 1,026 156,409 619 229,646 307,472 132 824 15,900 3,683 1,133 9,645 1-&9 409 296 206,537 515,014 64.0 56.8 12 6,036 325 1,525 23,627 24,924 4,002 10,776 234 is 2,801 124,078 255,487 28,171 4,131 3,613 337 70.0 119,^27 232,727 15 67.7 15 172 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total Bills discounted Bills bought Industrial advances Certificates and bills Municipal warrants 21,965 5,202 1,494 bl2,369 356 Within 15 days 15,090 15 48,515 356 ' 16 to 30 days 990 300 20 43,982 31 to 60 days 671 4,288 25 75,568 6l to 90 days 5,180 392 79 189,169 91 days to 6 months 28 224 240,135 Over 6 months 6 1,131 15,000 38 FEDERAL RESERVE NOTE STATEMENT ON SEPTEMBER 19, 1934 (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.&ovt. securities Total collateral Boston New York Phila. Cleve. Rich. Atlanta B-SOld Chicago St .Louis Minn. Kans.Cy. Dallas San Fran, 3,435,055 285,934 288,1*59 25 >321 754,988 261,694 328,405 166,218 149,518 103,670 18,139 15,668 8,786 20,196 804,847 I4I,407 110,259 120,402 31,048 5,968 4,095 6,107 54,837 256,496 5,119 44,342 3,146,596 260,663 651,31s 243,555 312,737 157,432 129,322 773,799 135,439 106,164 114,295 49,71S 212,154 3,1S7,4I6 278,617 11,788 748 292,300 10,000 763,706 212,500 282,431 i4o,34O 819,513 128,936 105,000 113,550 55,675 205,763 3,491,504 289,365 771,484 264,109 332,748 167,735 153,535 7,77S 1,609 50,000 317 50,000 395 27,000 81,385 150 72,000 150 154 13.000 168 6,300 73 10,000 819,663 142,090 111,468 123,623 133 — 113 54,000 55,808 259,876 FEDERAL RESERVE BANK NOTE STATEMENT 01T SEPTEMBER 19, 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 Total Boston New York Phila. 42,508 1,511 10,208 10,208 11,875 629 30,789 1,038 30,633 882 29,751 48,474 5,000 31,474 12,000 48,474 5,000 31,474 12,000 Cleve. Rich. Atlanta Chicago St.L0uis Minn. Kans.Cy. Dallas San Fran, U. S. Govt, securities -- Total collateral •Soes not include $93,173,000 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