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STATEMENT FOE THE PRESS Released for publication Friday morning, Sept. 29; not earlier B-SOl Federal Reserve 3oard September 28, 1933 CONDITIO!: OF FEDERAL RES3RVE BAKES The daily average volme of Federal Reserve bank credit outstanding during the weds: ended September 27, as reported by the Federal Reserve banks, was $2,392,000,000, an increase of $28,000,000 compared with the preceding wee1: and of $1^1,000,000 compared with the corresponding week in 1932« On September 27 total ilesorve bank credit amounted to $2,^21,000,000, an increase of $33,0JO,000 for the week. This increase corresponds with an increase of $53,000,000 in member bank reserve balances and a decrease of $3,000,000 in monetary gold stock offset in part by decreases of $10,000,000 in money in circulation and $9,000,000 in unexpended capital funds, nonmember deposits, etc., and an increase of $2,000,000 in Treasury currency adjusted. Bills discounted increased $3,000,000 at the Federal Reserve Bank of San Francisco and a like amount at all Federal Reserve banks. The System's holdings of bills bought in open market show practically no change for the week. Holdings of Treasury certificates and bills increased $ 3 3 * 0 0 0 , 0 o f Treasury notes $2,000,000 and of United States bonds $1,000,000. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 27, 1933» were as follows: Increase or decrease since Sept. 27 1953 Sept. 20 J±!m Sept. 28 1932 (in millions of dollars) Bills Bills U. S. Other discounted bought Government securities Reserve bank credit + 207 27 ^20 7 +33 - 3 + 2 + + + ISO 139 113 -10 +53 -9 + 133 7 2,27^ 7 +36 - 6 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted 2,U21 ^,32^ 1*948 Money in circulation Member bank reserve balances Unexpended capital funds,nonmember deposits,etc 5.595 2.596 503 + 3 - 10 327 + 116 Released for publication Friday morning, Sept. 29,1933; earlier. B-SOla ASSETS AITD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAFICS COMBINED (In thousands of dollars) 5g?t. 27,1221 Sept. 20,1933 Sept. 28,1932 A S S E T S Gold with Federal Reserve agents , . . 2,71^,026 Gold redemption fund with U.S.Treasury ,723 Gold held exclusively against F.R.notes 2,7^,7^9 Gold settlement fund with F.R.Board . 592,5>+7 Gold and gold certificates held by "banks 250,503 Total gold reserves Other cash* ..... Total gold reserves and other cash . Redemption fund - F. R. Dank notes . . Bills discounted: Secured by U.S.Govt, obligations . . Other bills discounted Total bills discounted . . . Bills bought in oraen market U. S. Government- securities: 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 3,591.799 231,762 3,S23,56l 9,497 31,219 102,014 133,233 6,6si 2,732,226 36,162 2,762,388 570,051 252,527 3,590,966 230,835 3,821,301 8,528 27,092 103,069 130,161 6,932 442,011 937,374 S95,oio 2,274,395 1,729 441,396 934,624 861,760 2,237,720 1,729 2,376,662 3,775 19,323 54,554 54,681 3,909 19,799 435,245 54,551 54,112 6,770,430 6,775,207 2,416,03s 389,001 2,166,537 48,532 2,215,075 264,484 399,087 2,878,646 229,253 3,168,499 107,059 232,522 339,647 33,604 421,482 402,866 1,029,335 1,253,683 4,872 2,2^1,806 2,663 15,648 341,295 58,126 44,046 5,262,033 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 acco^^nt . . . Government Foreign bank Special deposits - member bank . . nonrnember bank Other deposits Total deposits Deferred availability items .... 2,972,722 145,627 2,595,634 56,062 15,197 73,629 15,315 51,942 2,807,779 327,711 145,s62 2,926,721 137,170 2,543,328 59,123 16,174 76,665 16,214 55,112 2,766,622 428,340 145,85s :2,720,93s — 2,268,521 Us,Uo5 9,864 — - - 26,352 2,353,142 334,900 152,996 259,421 Surplus . . . . . . . . « . » . . * . 273,599 272,599 40,636 All other liabilities . 32,070 31,237 5,862,083 TOTAL LIABILITIES 6,775,207 6,770,430 Ratio of total gold reserves and other cash* to deposit and F. R. note 66.1$ 62.4$ 66.4fo liabilities combined . Contingent liability on bills purchased 43,486 46,701 for foreign correspondents . . . . . 42,407 * "Other cash" does not include F. R. notes or a bank's own F.R,,bank notes. ASSETS AED LIABILITIES OF THE FEDERAL RESERVE B A M S Off SEPTEMBER 27, 1933 (In thousands of dollars) B-SOlb Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.LOTUS Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve agents 2,713,026 224,316 636,706 180,200 213,770 116,130 88,135 750,767 115,696 68,289 99,290 3 ^ 6 4 185,263 Gold redemption fund with U.S.Treas. 35,723 1,129 6,035 3,919 M05 1,870 2,708 2,900 1,626 1,622 1,284 1,029 6,696 Gold held exclusively against 642,741 184,119 218,675 118,000 90,843 753,667 117,322 69,911 100,574 35,4-93 191,959 F. R. r.-;tes 2,748,749 225,445 206,213 11,983 43,34s 17,202 1^,529 165,064 31,046 15,027 26,942 22,928 16,363 Gold settlement fund with F.R.Board 592,5^7 21,902 407 6,788 l,4io 422 12,592 Gold a.vi gold certif. held by banks 250,503 22,127 3,336 3,832 34,402 1^5,375 15,421 ^,391 •Total gold reserves 994,329 211,523 266,4l4 136,612 108,708 925,519 1^8,775 85,360 l40,10S 62,253 242,724 3,591,799 269,474 60,390 26,587 21,497 11,673 11,13^ 33,024 8,755 5,888 8,633 5,91^ 16,463 Other cash* 231,762 21,804 A S S E T S Total gold reserves & other cash 3,823,561 Redemption fund - F.R.Bank notes 9,^97 •DJ.XJLS UXSl-l'VUVCU. Sec. by U.3,Government obligations 31,219 102,014 Other bills discounted Total bills discounted 133,233 6,621 Bills be Light in open market U.S.Government eecuritieas 442,011 Bonds Treasury notes 937,37^ 895,010 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 291,27s 1,054,719 238,110 287,911 148,285 119,842 512 588 430 3,169 853 2,799 3,072 5,871 451 23,752 61,150 57,726 2,274,395 142,628 1,729 — 1,666 23,713 7,609 8,600 28,995 10,772 10,266 606 649 239 2,033 14,584 27,351 41,935 171,705 327,773 5,282 3,163 2,210 339,001 45,264 54,554 3,280 711 240 6,448 6,688 214 292,465 6?,54o 81,663 28,927 791,9^3 157.1*45 200,773 71,120 510 1,177 837,088 187,299 212,151 81,625 145 409 1,429 367 4,846 430 1,189 1,530 99,080 29,932 36,313 34,742 12,818 3,618 6,929 3,23s ^,032 2,510 3,879 31,297 — 977 195 119 722 115 3,336 3,^51 5,436 i,s6s 6,413 2,590 17^ S03 118 50 139 3,865 4,004 177 68,167 259,187 839 532 123 3,^91 1,409 7,225 8,634 1,040 3,614 177 26,545 77,138 14,366 16,360 13,001 17,419 25,075 158,368 36,793 23,380 32,155 19,682 66,526 .176,601 3J+»731+ 22,072 30,356 18,581 62,800 65,379 412,107 85,893 61,812 75,512 55,682 154,401 28,322 32,605 11,551 10,717 66,283 86,505 30,642 28,117 — 2,416,038 148,950 284 3,775 3S2 19,323 54,681 958,5^3 157,530 91,24s I4S,74I — — 72,281 130 1,177 11,100 2,422 K312 42 — — — — 88,657 65,423 79,693 59,473 164,075 506 108 260 108 12 17 4,849 64l i,4s6 645 293 1,855 419,323 51,235 7,609 1,76s 16,375 3,285 557 10,864 20,95** 14,644 18,498 4,254. l", 7^7 3,559 1,795 1,310 1,045 1,949 1,251 6,770,^30 490,737 2,044,446 464,260 548,223 273,444 211,836 1,446,043 267,261 171,305 256,540 146,629 449,706 * "Other cash" does not include F. R» notes or a hank's own F. R. bank notes. ASSETS AM) LIABILITIES OP THE FEDERAL RESERVE B A M S OH SEPTEMBER 27, 1933 L I A B I L I T I E S (In thousands of dollars) B-SOlc Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran* 632,963 233,191 292,44i 137,S84 116,202 71+9,31+7 134,661+ 93,173 108,521 31,930 214,197 2,972,732 222,769 ^.R.notes in actual circulation 145,627 12,162 31,031 2,648 1,842 95s 12,923 4,716 52,92H 7,237 16,477 2,709 R.tank notes in actual circulation Deposits: 2,595,631+ 171,442 1,01+9,1+01 126,932 11+5,935 70,61+2 55,170 509,901 30,552 49,780 103,412 67,748 159,719 Member "bank - reserve account 6S5 4,345 25,332 2,576 1,331 I,7S6 4,605 56,062 2,000 Government 3,9S3 2,765 3,1^7 3,457 452 358 452 607 4,824 1,090 Foreign "bank 2,025 530 15,197 1,137 51+5 1,635 1,542 344 Special deposits: member "bank 5.33S 6,1+37 30,73s 4,565 1,721 2,182 73,629 1,323 9,0S5 6,51+2 3,15^ 2,150 3,412 134 nonmember bank 197 793 S02 15,315 1,812 333 932 21+6 6,6o4 4,591 1,023 1,243 314 Other deposits g»6g? 21,126 7,501 481 2,^+95 i+,6i+l+ 2,298 51,^2 3,5^3 557,4l6 96,226 54,546 113,230 70,472 173,786 Total deposits 2,807,779 178,585 1,103,022 143,92s 159,476 83,176 63,866 Deferred availability items 94,944 23,754 36,334 34,838 10,S05 51,102 18,478 10,670 20,555 16,186 19,S37 327,711 45,208 Capital paid in 145,362 10,788 52,497 15.^-77 12,363 ^,936 4,340 13,141 4,013 2,863 4,228 3,725 10,686 20,460 Surplus 278,599 35,05s 29,242 28,294 11,616 10,544 39,497 10,136 7,019 8,263 8,719 19,701 2,674 l,7S3 All other liabilities 765 32,070 12,03s 1,131 2,33s 994 2,370 4,009 1,046 1,187 735 6,770,430 490,737 2,044,446 464,260 548,223 273,444 211,336 1,446,043 267,261 171,305 256,540 146,629 449,706 TOTAL LIABILITIES Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined Contingent liability on bills purchased for foreign correspondents 66.1 42,407 72.6 3,095 60.6 14,170 62.3 4,452 63.7 4,197 67.1 66.6 1,654 l,4s4 73.3 5,512 68.2 61.S 1,442 67.1 975 1,229 66.6 66.0 1,229 2,968 MATURITY DISTRIBUTION OF BILLS AI7D SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 133,233 6,681 395,010 1,729 Within 15 days 99»o4i 1,110 78,OSS 1,650 16 to 30 days 9,969 2,118 38,425 31 to 60 days 6l to 90 days 10,979 12,317 565 2,838 109,867 294,179 37 91 days to 6 months 855 217,945 42 * "Other cash" does not include F. R. notes or a bank's own F. R. bank notes. Over 6 months 72 156,506 FEDERAL RESERVE NOTE STATEMENT OH SEPTEMBER 27, 1933 (In thousands of dollars) B-SOld Chicago St.Louls Minn. Kans.Cy. Dallas San Fran. Total Boston New York Phila. CI eve. Rich.. Atlanta Federal Reserve notes: Issued to F.R.bank by P.R.Agent 3,250,979 247,681 Held "by Federal Reserve bank 278,197 24,912 In actual circulation 2,972,782 222,769 Collateral held by agent as security for notes issued to bank: 1,521,091 73,^99 Gold and gold certificates Gold fund - F. R. Board 1,131,935 150,817 3,S55 Eligible paper 34,057 U.S. Govt, securities 525,200 25,000 Total collateral 3,322,283 253,171 708,923 254,955 304,333 147,129 136,46s 76,020 16,76^ 11,914-2 9,245 20,266 632,963 233,191 292,441 137,284 116,202 797,662 143,310 98,596 116,744 35,425 259:^43 47,815 8,646 5,423 8,223 3,495 45,446 7^9,247 134,664 93,173 108,521 31,930 214,197 523,606 113,100 27,900 75,000 441,767 43,496 29,789 21,490 20,464 89,500 309,000 72,200 38,500 77,200 14,000 95,763 2,021 1,863 1,767 2,776 3,311 7,307 75,000 50,000 27,000 29,200 20,000 802,788 144,559 99,256 122,066 37,775 267,570 97,450 107,270 51,625 21,135 82,750 106,500 64,505 67,000 12,978 9,202 6,350 4,227 62,000 90,000 25,000 47,000 739,606 255,173 312,972 147,980 139,362 FEDERAL RESERVE BASK NOTE STATEME2TT ON SEPTEMBER 27, 1933 (In thousands of dollars) Total Boston Federal Reserve bank notes: Issued to F.R.Bank( outstanding) Held by Federal Reserve bank In actual circulation New York Phila. Cleve. Rich. Atlanta 5,3^2 Chicago St.Louis Minn. Kans.Qp. Dallas San Fran. 13,368 1,206 62,943 10,019 8,592 1,355 21,833 5,356 — — 2,633 32,830 1,793 3,015 1^5,627 12,162 52,924 7,237 16,477 — 2,709 31,031 2,648 2,202 201,674 20,000 64,274 10,000 1,492 25,000 — — 248 6,000 4o,ooo 5,000 2,400 1,000 203,876 20,.000 64,274 10,000 26,492 6,24s 4o,ooo 5,326 2,.4oo 1,000 18,136 10,000 367 2,0l4 172 1,842 973 15 16,589 17^,721 29,094 3,666 95s 12,923 7,222 2,506 V716 Collateral pledged against outstanding notes: Discounted and purchased bills U.S. Govt, securities Total collateral 136 326 18,000 10,000
@FedFRASER