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STATEMENT FOR THE PRESS Released, for -publication Friday morning, Sept. 7; not earlier. B-SOl Federal Reserve Board September 6, 193^*» CONDITION OF FEDERAL RESERVE BAKES The daily average volume of Federal Reserve bank credit outstanding during the week ended September 5> as reported by the Federal Reserve banks, was $2,5+70 ,000,000, an increase of $9,000,000 compared with the preceding week and of $106,000,000 compared with the corresponding week in 1933• On September 5 total Reserve bank credit amounted to $2,467,000,000, an increase of $4,000,000 for the week. This increase corresponds with increases of $7^,000,000 in money in circulation and of $1^3,000,000 in Treasury cash and deposits with Federal Reserve banks and a decrease of $13,000,000 in monetary gold stock, offset impart by decreases of $220,000,000 in member bank reserve balances and $2,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $9,000,000 in Treasury and National bank currency. The System's holdings of bills discounted increased $3,000,000 while holdings of bills bought in open market and of United States bonds remained practically unchanged. An increase of $12,000,000 in holdings of United States Treasury notes was offset by a decrease dri holdings of 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 5> 193^» were as follows: Increase or decrea.se since Sept. 5 193H Aug. 29 19 3U Sent. 1 1933 (In millions of dollars) Bills Bills U. S. Other di's conn ted bought Government securities Reserve bank credit 2k 5 2,^32 6 TOTAL RESERVE BANK CREDIT Monetary gold stock -s=nd Jfetional barfs currency 2,^67 7,963 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmerriber deposits and other F.R.accoimts 5,419 3,907 3,087 k28 + 3 — + l + k -is * 9 +7U -220 +143 - 2 -121 - 2 +266 - 6 +137 +3,921 +I32 +5S +2,760 -96 Released for publication Friday morning, September 7,1934;not earlier. B-SOla ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BATTCS COMBINED (In thousands of dollars) Sept. 5,1234 Am._2j>i93if ^^6,1933 ASSETS 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 discoimted . 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 ....... ^,960,078 4,979.432 — 23,839 952,155 2,600,313 35,913 221,136 1.898 24,293 235,917 5.239,692 2,112 6,180 17,457 23,637 5.219 922 4,146 16,861 21,007 5,247 310 467,848 1,303,369 660,592 2,431,809 467,839 1,281,420 632,543 441,935 374,846 849,540 2,166,371 1,939 2.320,077 3,127 17,539 436,531 52,803 66,582 2,431,802 391 2,459.257 3.127 17.834 401,225 52.775 56.824 s.233.503 8,232,346 6,640,930 3.149.659 31,432 3,103.289 31,933 3,010,949 132,687 3.907,169 162,933 11,710 191,130 4,273,047 434,944 146,554 138.383 22,453 37,031 4,126,973 29,936 11,23s 192,636 4,360,333 400,300 146,529 138,333 22,545 28,534 2.439.393 55.695 32,033 145.924 2,673,045 370,531 146,030 273,599 12,105 16,934 8.233,503 3,232,346 6,640,930 5,l'33,oso 356 2.461,943 3,309,517 3,224 37.704 107,039 144,793 6.974 — 3.713 15,290 376,616 54,541 52,952 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 . 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 70.0$ 579 491 70.2$ 573 357 67.0$ Hi,402 — ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAKES 03ST SEPTEMBER 5, I93U (in thousands of do3.la.rs) A S S E T S Total Sold certificates on hand and 4,960,078 due from U. S. Treasury Redemption fund - P. R. notes 23,889 Other cash 209,113 Total reserves 5,193,080 Redemption fund - F.R.bank notes 1,89s Bills discounted: 6,180 Secured by U.S.Govt, obligations Other bills discoimted 17,457 Total bills discounted 23,637 Bills bought in open market 5,219 Industrial advances 922 T J.S.Government securities: 467,848 Bonds Treasury notes 1,303,369 660,592 Certificates and bills 2,431,209 Total U.S.Goyt. securities 356 Other securities Total bills and securities Due from foreign banks I\ R. notes of other banks Uncollected items Bank premises All other assets TOTAL ASSETS Boston 52,803 2,233,503 Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 371,656 1,678,^93 261,320 379,126 17^,392 107,457 1,101,712 17S,524 132,229 173,359 95,603 306,137 1,814 1,084 3,091 2,95^ 2,208 3,970 1,489 772 1,079 847 4,125 16,966 52,744 35,172 12,l4p 6,992 11.327 ^0«gl6 7,818 11.444 7«84l 4,979 10.874 390,436 1,732,326 299,523 39^,220 183,592 122,75^ 1,13^.017 127,17^ 1^,752 182,047 101,043 321,136 250 1,648 — 1,325 29 1,354 371 3 27,226 86,243 44,209 157,67s — 2,1*61,943 159,406 3,127 237 312 17,539 >136,531 42,216 65,532 New York B-S01b 3,224 6o4 2,499 11,540 — 14,039 1,952 536 81 254 358 4s 7 58 12s 165,7^9 30,022 35.9SS 411,807 90,937 117,033 200,199 46,111 59,993 777,755 167,120 213,024 — 356 793,227 173,411 342 1,193 4,S4i 561 98,074 31,424 11,468 4,315 51,122 4,916 — — 221 104 835 4,436 5,271 — — 70 io4 473 694 174 17c 221 193 — 17,501 56,896 29,166 103,563 — 16,004 51,761 26,529 94,294 6,788 1,509 997 42,983 3,128 1,692 120 753 15,188 2,372 2,064 165 38 _ — 773 158 ^85 l4i 142 101 122 4o 17,337 31,894 50,357 650 76,080 16,165 230,30s 50,929 121,955 26,106 428,343 93,200 429,867 207 16,351 26 163 189 142 70 13 50 132 182 361 17,272 20,389 28,105 33,773 91,381 25,815 IZ,113 46,845 65,582 93,444 71,475 166,331 — 93,520 — ,, , i4i 13jL 304 — — 213,927 104,450 94,867 300 109 119 1,159 40,337 765 8 — — — — — 66,178 93,797 71,819 166,874 10 222 7 87 87 827 1,201 272 2,282 1,037 58,825 20,251 15,475 29,068 19,742 22,348 3,126 1,664 3,485 1,757 4,089 7,387 234 1,065 1,269 628 459 1,020 4l4 3,497 597,285 2,694,299 51^,552 658,240 336,961 238,107 1,635,276 305,352 229,968 310,144 195,7^0 517,579 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH SEPTEMBER 5, 1934 (In thousands of dollars) L I A B I L I T I E S Total 3,1^9.659 F.R.notes in actual circulation F.R.bank note circulation - net 31,432 Deposits: 3,907,169 Member "bank - reserve account 162,988 U.S.Treasurer - General account 11,710 Foreign bank: Other deposits Total deposits 4,273,047 Deferred availability items 434,944 Capital paid in 146,554 Surplus 138,383 22,453 Reserve for contingencies All other liabilities 37,031 TOTAL LIABILITIES 8,233,503 Ratio of total reserves to deposit and F. S. note liabilities combined 70.0 Contingent liability on bills purchased for foreign correspondents 579 Commitments to make industrial advances 491 B-SOlc Boston Hew York Phila. Cleve. Rich. Atlanta 2^9,09U 66l,4S5 2^+5,679 31o,o20 lnl,317 130,63U 903 30,529 — Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 777,069 1 3 M 3 3 105,1+19 114,395 1+7,559 215,055 266,520 1,523,595 189,030 246,224 126,609 13,676 53,505 10,112 19,1+20 4,111 835 4,121 1,207 l,Il4 44l 730,550 114,1+78 23,281 6,421 1,462 383 72,259 5,588 4o6 90,204 151,593 111,061 225,046 1,682 3,711 4,911 16,570 267 325 325 824 758,060 140,089 100,527 157,808 118,:592 256,929 282,822 1,766,778 205,91b 271,834 132,954 80,738 42,360 60,160 20,894 15,238 29,356 20,475 23,195 96,7^5 31,024 39,831 41,272 1^,39^ 10,747 4,986 3,116 4,128 4,369 59,51s 15,200 12,96b 4,002 10,776 4,051 12,695 9,610 20,681 4,756 3,420 3,683 45,217 13,352 14,090 9,645 5,171 5,1^5 3,613 2,500 2,300 853 1,026 619 2,489 2,969 1,053 ^,737 1,155 1,619 1,133 696 29,290 106 881 3,642 222 296 338 225 ^60 599 376 597,285 2,694,299 51^,552 658,240 336,961 238,107 1,635,276 305,352 229,968 310,144 195,740 517,579 73.*+ 71.3 66.3 67.0 64.6 73.9 58.1 3^ 231 55 51 20 19 35 15 7 80 37 25 68.2 67 69.9 18 66.9 12 60.8 15 68.0 15 160 132 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES Total Bills discounted Bills bought Industrial advances Certificates and bills Municipal warrants 23,637 5,219 922 660,592 356 Within 15 days 21,320 406 3 23,022 356 l6 to 30 days 725 192 1 64,515 31 to 60 days 676 7b5 9 112,310 6l to 90 days 864 3,856 59 69,815 91 days to 6 months Over 6 months 9 97 390,930 753 38 FEDERA.L RESERVE 1T0TE STATEMENT 0N SEPTEMBER 5, I93U (in thousands of dollars) Total ederal Reserve notes: Issued to F.R.barJk by IT .R. Agent Held by Federal Reserve 'bank In actual circulation bilateral 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 Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis B-SOld Minn. Kans.Cy. Dallas San Fran. 3,HI6,357 273,664 266,698 24,570 755.363 261,160 331,205 159,991 149,289 93,87s 15,481 14,585 8,671+ 18,655 810,649 138,808 109,654 120,370 33,580 4,475 3.235 5.975 52,621 253,583 5.062 38,528 3,149,659 249,094. 661,485 245,679 316,620 151,317 130,634 777.069 13^,333 106,419 114,395 47,559 215,055 3 , 1 4 5 , 1 5 6 276,117 13,120 1,354 296,000 — 753,706 212,000 282,431 123,340 81,385 7,960 1,477 35s 372 139 50,000 50,000 35,000 72,000 819,513 124,936 102,000 113,290 773 153 179 62 15,000 9,000 10,000 52,675 200,763 184 109 1,000 54,000 3,454,276 277,471 761,666 263,477 332,789 1 6 1 , 7 1 2 153,524 820,286 140,089 1 1 1 , 1 7 9 123,352 53.259 254,872 FEDERAL RESERVE BANK NOTE STA.TEI.tEHT OH SEPTEMBER 5, 1934 (in thousands of dollars) Total Boston llew York Phila. 42,911 11,479 1,511 608 31,192 663 10,208 10,208 31,432 903 30,529 U. S. Govt, securities 48.474 5.Q00 31.474 12.000 Total collateral 48,474 5,000 31,474 12,000 "ederal He serve bank notes: Issued to J. R.bank( outstanding) Held by Federal Reserve "bank In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. — — — 'Does not include $95»601,000 of Federal Reserve bank: notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States.
@FedFRASER