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STATEMENT FOR THE PRESS Released for publication Friday morning, Sept# 28; not earlier* B-801 Federal Reserve Board September 27, 193^» common of federal reserve banks The daily average voltime of Federal Reserve "bank credit outstanding during the week ended September 26, as reported by the Federal Reserve banks, was $2,^,000,000, a decrease of $9,000,000 compared with the preceding week and an increase of $72,000,000 compared with the corresponding week in 1933® On September 26 total Reserve bank credit amounted to $2,463,000,000, a decrease of $3,000,000 for the week. This decrease corresponds with decreases of $63,000,000 in Treasury cash and deposits with Federal Reserve banks, $9,000,000 in money im circulation, and $10,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $U,000,000 in monetary gold stock, offset in part by an increase of $21,000,000 in member bank reserve balances and a decrease of $3,000,000 in Treasury and National bank currency. Bills discounted decreased $2,000,000 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 and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 26, 193^1 were as follows: Increase or decrease since Sept. 26 193U Sept. 19 195^ Sept. 2J 19^3 (In millions of dollars) Bills Bills U. S. Other discounted bought Government securities Reserve bank credit 20 6 2,^30 7 TOTAL RESERVE BASK CREDIT Monetary gold stock Treasury and National bank currency 2.H63 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmember deposits and other F.R. accounts + - 2 1 1 1 7,976 11 2,409 - 3 5,1+03 - 9 +S1 -63 3,970 3,061 kl5 -10 -113 - 1 +156 +3.939 +130 + 95 +l,37H +2,731 -SS Released for publication Friday morning, September 28,193^5 110 t earlier. B- ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Sept. 26.193*+ Sept. 19.1934 Sept. 27.1933 A S S E T S Gold certificates on hand and due from U. S . Treasury Gold Redemption fund - F. R. notes Other cash 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 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 4,958,007 22,298 236.651 5,216,956 1,829 4,957.624 — 23,382 229.733 5.210,739 1,995 5,137 15.177 20,314 5,812 l,96l 5,357 16.608 21,965 5,202 1,494 956,400 2,599,676 35*7^3 231.762 3,823,561 • 9,497 31,219 102.0l4 133,233 6,681 395,541 1,1+21,720 612.872 2,430,133 J2Z 2,458,547 1,819 22,488 433,443 52,821 53.642 396,643 1,421,710 612.369 2,430,722 25^. 2,459,739 2,426 22,735 486,940 52,821 52.937 442,011 937,37^ 895.010 2,27*1,395 1,729 2,4l6,03S 3,775 19,323 389,001 5l+,551+ 54,681 8,241,545 8,290,332 6,770,430 3.13^,973 30,479 3,1^6,596 30,633 2,972,782 145,627 3,969,517 154,512 9,7^0 175.920 3,889,365 210,462 10,578 184.524 2,595,&31* 4,309,689 4,294,929 482,972 146,671 138,383 22, kk7 >M7 27,701 2,807,779 387,711 145,862 278,599 12,103 19,967 8,290,332 6,770,^30 LIABILITIES F. R. notes in actual circulation . . . F. 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 P. R. note liabilities combined . . . Contingent liability on bills purchased for foreign correspondents • • • * . Commitments to make industrial advances 430,714 146,752 138,382 22,446 28,109 8,2^1,5^5 70*1$ 753 756 70*0$ 599 686 56,062 15,197 l40.886 66*1$ k2,bOJ ASSETS MID LIABILITIES OF THE FEDERAL RESERVE BANKS OK SEPTEMBER 26, 193*+ (in thousands of dollars) A S S E T S Total Boston Hew York Phila. Gold certificates on hand and due from U. S. Treasury 4,958,007 22,298 Redemption fund - F. R. notes Other cash 236,651 Total reserves 5,216,956 Redemption fund - F. R. "bank notes 1,829 Bills discounted: Secured "by U.S.Govt, obligations 5,137 15,177 Other bills discounted Total bills discounted 20,314 5,812 Bills bought in open market 1,961 Industrial advances U.S.Government securities: Bonds 395.5^1 Treasury notes 1,42-1,720 Certificates and bills 612,872 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 Cleve. Rich. Atlanta B-801b Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 338,319 1,791,976 249,763 367,212 191,821 100,983 1,052,277 176,644 129,835 164,648 100,822 293,702 1,504 811 1,007 2,887 2,674 1,717 3,650 1,638 429 4,019 1,173 789 20,824 58,411 36,472 11.699 9.184 13.241 35,315 10.119 11,980 9,338 6.616 13.4s? 360,781 1,851,891 289,127 381,585 202,722 117,874 1,088,765 187,574 142,822 174,775 107,867 311,173 — — — — — — — — — 250 1,579 1,183 2,102 9,75^ 4,092 1,282 U17 3 11,856 2,172 5,275 138 136 23,214 140,957 1,275 7 93,588 40,876 2,1+30,133 157,678 327 2,^58,5^7 159,380 1,819 137 22,488 354 433,443 ^2,209 52,821 3,224 53,61+2 601 451,029 603 116 277 393 546 95 25,139 30,556 99,347 126,999 42,634 55.469 127 397 524 35 179 214 216 405 199 329 14,855 6l,74o 13,533 56,164 26,967 24.528 777,755 167,120 213,024 103,562 94,225 185,769 — 327 — 4,333 5,004 6,788 1,445 3,128 1,639 92 48 14 73 10 120 87 3 30 143 150 730 l4o 122 196 87 85 130 90 173 159 135 159 76 4o4 - 62,145 13,796 15,339 13,332 18,818 252,010 55,267 35,121 54,645 36,648 114.188 24,1.37 15.116 23,867 16,009 428,343 93,200 6&r576 91,844 71,475 23,857 99,162 io5 — — - 791,921 173,461 214*053 104,707 94,967 687 64 198 175 69 6,692 683 1,456 1,69s 1,080 106,371 34,432 40,221 39,155 12,75^ 11,468 38,478 150 — 2,372 2.037 429,328 241 3,617 57,873 7.387 1,291 — 343 — — — 93,658 66,091 92,26s 10 51 7 934 1,977 987 43,31.? 166,331 — 71,800 166,908 51 325 129 2,685 1,757 930 4,089 579 20,636 13,400 26,676 16,725 22,991 3,126 223 1,664 990 3,485 425 8,21+1,545 566,936 2,809,087 507,238 645,72s 353,11s 231,l4s 1,588,502 306,214 225,908 299,657 199,455 508,554 L I A 3 I LI ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS Oil SEPTEMBER 26, 1934 (in thousands of dollars) E S Total Boston New York Phi la. Cleve. F.R.notes in actual circulation 3.13^.973 F.R.bank note circulation - net 30,479 Deposits: Member "bank: - reserve account 3,969,517 15^,512 U.S.Treasurer- General account Foreign "bank 9,74o Other deposits 175,920 Total de-posits 4,309,689 Deferred availability items 430,714 146,752 Capital paid in 138,383 Surplus 22,446 Reserve for contingencies 28,109 All other liabilities TOTAL LIABILITIES 8,241,545 Ratio of total reserves to deposit and F. R. note liabilities combined 70.1 Contingent liability on bills purchased for foreign correspondents 753 Commitments to make industrial 756 advances 261,078 1,016 Rich. Atlanta 61+7,673 241,532 309,232 152,903 123Ms 29.H63 233.573 1,672,236 111,529 3,723 2,150 Si6 1,532 115,627 239,724 1,901,542 42,915 101,354 59,603 10,761 45,217 9,610 1+,737 1,053 JJSL i ^ g 566,936 2,809,087 72.0 72.b 192,039 256,270 133,024 2,135 5,076 9,287 44i 1,207 1,114 1,518 200,521 267,523 144,270 33,126 38,887 38,526 15,24s 12,972 4,992 13,352 14,090 5,171 2,500 2,300 1,155 101 724 m. 507,238 645,728 353,118 65.4 66.2 66.9 69,32s 3,512 4o6 3,593 76,839 12,412 4,370 5,145 2,485 231,l4s 57.1 38 4o6 55 51 20 19 110 15 2 105 37 93 B-SOlc Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 770,599 135,689 105,921 113,926 50,755 210,123 699,293 123,727 29,713 147,097 983 14,007 1,426 l»!2l4 325 2b7 1,462 3S3 3,320 13,28,1 6,94-8 2,924 718,082 138,817 98,142 151,329 59,^62 21,671 13,942 25,864 12,723 4,055 3,123 4.131 20,681 4,756 3,420 3,613 2,969 '619 S51 1,026 3,gs6 115. 2l4_ 375 1,588,502 306,214 225,908 299,657 117.256 235,961 1,165 395 325 824 73.1 68.3 67 17 162 70.0 65.9 12 — 15 1,876 15,098 120,622 18,906 4,002 3,683 1,133 354 199,455 252,278 23,649 62.9 67.3 15 10,772 9,645 1,618 469 508,554 38 232 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Bills discounted Bills bought in open market Industrial advances Certificates and bills Municipal warrants To tal 20,314 5,212 1,961 612,872 327 Within 15 days 13,767 149 18 46,547 327 l6 to 30 days 31 to 60 days 770 3,703 3^9 18 82 32,078 71,H5 495 §1 to 90 days 5,251 1,611 46 187,525 91 days to 6 months 27 358 236,907 Over 6 months 4 1,^39 38,700 FEDERAL RESERVE NOTE STATEMENT ON SEPTEMBER 26, I93I+ (In thousands of dollars) Total Boston Hew York Phila. Federal Reserve notes: Issued to F.R.bank by F .Reagent 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 Cleve. Rich. Atlanta 3,^27,532 288,736 292,609 27,658 7^9,57^ 259,637 32MU5 16S,79S 1^9,222 101,901 18,105 1M13 9,^95 20,3^0 3,13^,973 261,078 647,673 2^1,532 309,232 15S,903 129,U82 3,175,916 273,117 763,706 210,000 277,^31 144,340 81,385 10,662 298,800 1,282 15,000 3,^85,37s 289,399 6,493 1,587 345 211 188 770,199 261,537 327,776 169,551 153,573 B-801d Chicago St.Louis Minn* Kans.Cy. Dallas San Fran. 803,911+ lltt.,232 109,822 119,97S 56,566 255,^58 33>315 5,5^3 3,901 5,992 5,811 ^5,335 770,599 135,689 105,921 113,986 50,755 210,123 819,513 126,936 105,000 111,550 57,175 205,763 150 135 17 61 89 104 819,663 142,071 110,817 123,611 57,264 259,267 FEDERAL RESERVE BANK NOTE STATEMENT ON SEPTEMBER 26, I93U (In thousands of dollars) Total 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 Boston Hew York Phila. 1,511 11,363 30,^79 ^95 1,016 30,123 10,20S 660 10,20S 29,^63 Cleve. — — — Rich. Atlanta — — — Chicago St.Louis Minn. Kans.Cy. Dallas San Fraft, — — — — — - —— — - - — U.S* Govt, securities bi.kik •=5.000 Total collateral 47,474 5,000 30,H7H 12.000 3 0 , ^ 12,000 *Does not include $92,061,000 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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