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STATEMENT FOR THE PHESS Released for publication Friday morning, Sept* g; not earlier* B-SOl Federal Reserve Board September 7» 1933* CONDITION OF FEDERAL RESERVE BAMS The daily average vol-ume of Federal Reserve bank credit outstanding during the week ended September. 6* as reported by the Federal Reserve banks, was $2,3$+*000,000 an increase o f . $37-*000,000 compared with the preceding week and a decrease of $26,000,000 compared with, the corresponding week in 1932. On September 6 total Reserve bank credit amounted to $2,330*000,000, an i n crease of $32,000,000 f o r the week. This increase corresponds with increases of $56,000,000 in money in circulation and $12,000,000 in member bank reserve balances, o f f s e t in part by an increase of $11,000,000 in Treasury currency, adjusted, and a decrease of $25,000,000 in unexpended capital funds, nonmember deposits, etc* B i l l s discounted decreased $3,000,000 at the Federal Reserve Bank of San Francisco, $2,000,000 each at Boston, Hew York and Philadelphia and $8,000,000 at a l l Federal Reserve banks. The System1 s holdings of b i l l s bought in open market and of United States bonds show p r a c t i c a l l y no change for the week. Holdings of United States Treasury notes increased $lU,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $23,000,000. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 6 f 1933, were as fallows: Increase or decrease since Sept. 6 1933 Aug. 30 1933 Sept. 7 1932 (In millions of dollars) Bills Bills U. S. Other discounted bought Government securities reserve bank credit 1^5 7 2,166 12 +37 + 3 •f 2,330 11,329 1,953 +32 + 1 +11 + 11 22^ 13U Uoney in circulation 5,648 Member bank reserve balances 2,^39 Unexpended capital funds,nonmember deposits,etc,. 524 +56 +12 -25 — 77 297 1*7 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted - g - — - - + + 275 27 315 2 Released for publication Friday '.lorning, Sept. S, 1933> earlier. B-SOla ASSETS MTD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS C0M3I1TED ( i n thousands of d o l l a r s ) Sept, 6,1933 Au£. 30,1933 Sept. 7,1932 2,7^,851 35.913 2,7SU,761+ 561,S3U 2Ul,7S3 3,533,331 221,13b 3,309,517 S.22U 2,779,519 35,633 2,315,152 531,733 2,038,557 57,07* 2,11+5,635 262,556 386,382 3,537,997 2,79^,573 270,8^2 3,065,^15 ASSETS Gold with Federal Reserve agents . . . . Gold redemption fund with U.S*Treasury . Gold held exclusively against F.R.notes Gold settlement fund with F. R. Board # Gold and gold c e r t i f i c a t e s held "by "banks Total gold reserves . . . Other cash* . . Total gold reserves and other cash Redemption fund - 3F. R, bank notes B i l l s discounted: Sec. by U.S.Government obligations Other b i l l s discounted . . . . . Total b i l l s discounted . Total U«S.Government securities Other securities . . Yl Q 3,827,930 3,200 1^,793 6,97^ 33,217 115,003 153,220 6,900 152,137 268,291 U20.U28 37M46 3^9,5^0 ^1+1,637 36O,91+5 826,1U0 2,166,371 2,128,772 ^20,772 399,799 1,030,352 1,850,923 2,320,077 2,290,7^6 5IM 2,310,650 3.713 376,616 54,541 52,952 3,710 1^,916 3'43,U69 5^55 52,013 2,659 13,305 330,^25 58,121 Us,055 6,6Uo,930 6,595,^39 5,828,630 3,010,9*49 132,637 2.97M80 2,831,7'49 37,70^ 107,039 B i l l s bought in open market . . . . U* S* Government securities: Bonds Treasury notes . . . . . . . . . Certificates and b i l l s . . . . . ^Mi^SL . . . . . . Total b i l l s and securities Due from foreign "banks F. R. notes of other banks Uncollected items . . Bank premises A l l other assets # . . . 15,290 . . . < » TOTAL ASSETS • • . . . . 33,585 L I A B I L I T I E S F. f i , notes in actual circulation . . . F, R. "bank notes in actual circulation Deposits: Member bank - reserve account . . . . Government Foreign bank Special deposits - member bank . nonmernber ba i: Other deposits Total deposits . . Deferred a v a i l a b i l i t y items . . . Capital paid in Surplus A l l other l i a b i l i t i e s TOTAL LIABILITIES . . 131,2^ 2,^39,393 55,695 32,033 75,703 17,036 53,135 2,673,0^5 370,531 1^6,030 273,599 29,039 2,1+26,539 67,953 39,732 7^310 18,^36 69>93^ 2,697,039 339,604 IH6,IU7 273,599 28,626 6,6*10,930 6,595,^39 2,1^1,655 ^7,295 11,079 20,127 2,220,156 32M95 153,09k 259,^21 39,71? 5,328,630 Ratio of total gold reserves and other cash* to deposit and F.R. note l i a b i l i t i e s combined . . . . . . . 67.0fo 67.! 60.7$ Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents . . . . . Ui,U02 39,099 ^,973 * "Other cash" does not include R, notes or a bank's own F.R.bank notes. ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BAMS ON SEPTEMBER 6, 1933 ( I n thousands of d o l l a r s ) B-801b Total Boston New York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Milan. Kans.Cy. Dallas San Fran, Gold with Federal Reserve agents 2,748,851 228,156 646,706 185,000 222,770 121,130 96,400 752,567 111,766 69,789 99»290 27,014 188,263 Gold redemption fund with U.S.Treas. 35,913 1,297 6,704 3.517 4,547 1>502 2,371 3,246 1,731 1.710 1,379 1*076 6,833 Gold held exclusively against 2 , 7 8 4 , 7 6 4 229,453 F. R. notes 653,410 18^,517 2 2 7 , 3 1 7 1 2 2 , 6 3 2 9 8 , 7 7 1 755,813 113,497 71,499 100,669 28,090 195,096 Gold settlement fund with F.R.Board 561,834 18,607 1 3 7 , 6 1 1 25,622 19,913 28,144 16,580 27,491 191,179 18,771 38,753 26,550 1 2 , 6 1 3 Gold and gold c e r t i f . held by banks 241,783 2 1 , 5 0 0 5,252 25,863 143,546 . 1 5 , 1 0 2 7,686 282 12,641 61* 1,382 4,222 3,663 ASSETS Total gold reserves Other cash* 3,588,381 269,560 221,136 1 6 , 3 1 0 9 8 8 , 1 3 5 222,390 270,292 1 5 0 , 5 6 4 1 1 5 , 0 4 7 9,811 62,083 25,993 20,939 1 0 , 6 7 6 901,110 139.763 Total gold reserves & other cash 3.809.517 285.870 1.050.218 248,381 291,281 l6l f 240 124,858 931,097 149,434 98 2,575 Redemption fund - F.R.bank notes 8,224 753 B i l l s discounted: Secured by U.S.Govt, obligations1 1,764 37,704 Other b i l l s discounted 107,089 3,469 Total b i l l s discounted 144,793 5,233 B i l l s bo'oght in open market 6,974 451 U.S.Government securities: 441,985 23,149 Bonds 874,346 55,834 Treasury notes 849,540 52,719 C e r t i f i c a t e s and b i l l s Total U.S.Govt. securities 2 , 1 6 6 , 3 7 1 131,702 — Other securities 1,935 Total b i l l s and securities 2 , 3 2 0 , 0 7 7 137,386 Dae fronj foreign banks 284 3,713 F. R. notes of other banks 304 15,290 Uncollected items 3 7 6 , 6 1 6 42,304 Bank premises 3,280 54,541 A l l other assets 52,952 733 TOTAL ASSETS 103 29,987 9,671 2,736 380 600 15,290 28,474 4,570 24,298 4,744 7,768 2,035 9,690 806 6,44s 1,692 6,438 1,024 1,874 43,764 28,868 649 12,512 606 11,725 239 7,254 214 8,130 8O3 2,898 174 28,815 33,386 63,376 8 3 , 0 5 1 55,811 78,418 774,801 152,002 194,855 — 510 1,337 11,336 28,203 26,632 10,624 26,382 24,908 73,939 141,005 160,233 66,171 61,914 2,183 174,771 310,454 289,576 822,085 132,029 207,973 409 1,369 367 4,856 365 831 90,272 29,724 36,846 12,818 3,61s 6,929 28,882 4,006 2,537 — 78,135 145 855 34,450 3,237 3,928 — 69,382 130 707 13,366 2,422 4,499 91,694 141,454 4,889 8,478 49,922 248,450 6,250 15,999 96,583 149,932 . 5 6 , 1 7 2 264,449 241 50 591 97 96 3,707 3,803 454 3,804 4,498 7,16s 4,25s 731 3,951 4,682 11,666 117 177 251 1,110 14,412 34,601 32,669 16,492 22,300 21,056 13,027 29,962 28,289 16,858 17,054 16,100 25,176 62,624 59,129 375.177 50 81,682 59,84s 42 71,2/8 5 0 , 0 1 2 146,929 334,160 506 2,975 46,495 7,609 1,844 84,754 63,810 12 621 10,874 1,747 1,340 75,713 107 1,254 22,9S9 3,559 1,999 — 17 1,044 17,703 3.285 61s — — — 54,945 159,705 260 107 1,306 172 1 5 , 0 5 s 16,535 4,244 1,793 1,426 l,l4o 6,640,930 4 7 0 , 9 1 4 2 , 0 1 3 , 2 3 6 4Ss,9i4 5^7,36** 281,990 2 1 5 , 4 6 7 1 , 3 7 7 , 2 6 1 256,953 175,084 255,603 1 3 0 , 2 6 4 447,880 * "Other cash'" does not include F. R. notes or a bank's own F. R. bank notes. ASSETS AED LIABILITIES OF THE FEDERAL EE SERVE BALKS Oil SEPTEMBER 6, 1933 ( I n thousands of d o l l a r s ) L I A B I L I T I E S Total Boston New York P h i l a . Cleve, Bich. Atlanta F # R.notes in actual circulation 3,010,949 224,795 139,360 113,259 6^9,323 233,193 299,933 F.R.banlc notes in actual circulation 9,960 132,687 12,929 1,370 52,305 7,393 Deposits: Member bank - reserve account 2,439,393 150,928 1 , 0 1 6 , 6 7 1 123,410 142,755 71,775 55,312 Government 7.6O4 55,695 3,139 1.5*9 25,639 3,171 3,075 Foreign bnn> 7,540 3,641 3,362 1,434 32,033 1,237 2,635 Special deposits: member "bank 6,344 1 0 , 9 1 5 6,146 2,360 4,310 75,703 1,971 — nonmember bank 17,036 8O5 221 1,330 197 1,519 Other deposits 12,212 2,309 1,454 3,338 53,135 4,919 547 2,673,045 159,922 1 , 0 6 9 , 2 1 1 148,639 157,36U 9 1 , 5 6 1 65,707 Total deposits Deferred a v a i l a b i l i t y items 370,531 Hi,303 37,179 28,690 36,746 33,436 11,337 146,030 10,771 4,s6l 5,oi4 Capital paid in 53,525 15,747 1 2 , 3 6 2 20,460 28,294 1 1 , 6 1 6 10,544 29,242 Surplus 85,05s 278,599 669 1,010 A l l other l i a b i l i t i e s 29,039 11,135 2,705 2,339 953 TOTAL LIABILITIES Ratio of total gold reserves and other cash* to deposit and F.R* note l i a b i l i t i e s combined Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents Chicago St .Loui 3 751,629 134,033 647 31,520 B-SOlc Minn. Kans.Cy. Dallas San Fran. 93,410 109,859 31,748 220,357 8,899 4,049 l,64o 975 435,991 2,600 4,781 29,230 7,351 11,523 72,234 2,559 1,250 4,523 3,530 4,164 52,038 1 0 4 , 0 4 0 2,H7 397 846 1,067 1,676 2,228 554 154 1,021 186 56,947 1 5 2 , 2 9 2 1,303 1,952 1,066 2,574 5.672 323 375 816 1 0 , 1 9 1 491,1J81 88,265 13,692 4,003 10,186 1,072 58,252 108,572 10,681 23,015 2,872 4,223 7,019 8,263 1,210 596 60,455 1 7 3 , 5 5 6 46,131 13,234 39,497 3,769 15,475 3,725 8,719 1,243 17,791 10,688 19,701 1,733 6,640,930 470,914 2 , 0 1 3 , 2 3 6 463,914 547,364 231,990 215,457 1,377,261 256,953 1 7 5 * 0 3 4 255,603 1 3 0 , 2 6 4 447,830 67.0 74.3 41,402 2,933 61.1 64.2 14,645 4, 219 69.s 63.7 3,977 1,567 67.9 l,4o6 74.9 5,223 67.2 1,366 63.7 60.9 63.6 924 1,165 1,165 67.1 2,S12 MATURITY DISTRIBUTION OF BILIS AMD SHORT TERM SECURITIES Total B i l l s discounted B i l l s bought in open market C e r t i f i c a t e s and b i l l s Municipal warrants 144,793 6,97^ 51+9,540 1,339 Within 15 days 109,555 l,%6 153,036 1,777 l6 to 30 days 12,751 3,052 S0,1S3 33 31 to 60 days 11,71^ 704 86,525 6l to 90 days 9,670 1,782 135,017 37 * "Other cash" does not include F. E. notes or a bank's own F. E. bank: notes. 91 days to 6 months 1,03S 233,929 92 Over 6 months 65 154,350 FEDERAL RESERVE 110 TE STATEMENT OH SEPTEMBER 6, 1933 ( I n thousands of d o l l a r s ) Total Federal Reserve notes: Issued to F.R.bank "by E.R.Agent Held "by Federal Reserve "bank Bos to n He?/ York ?liila, # Clove • Sicii # Atlanta 3-soia Chicago St.Louis 'linn. s. Cy. Dallas San Fran. 3 , 2 6 3 , 6 1 1 247,830 258,662 23,035 734,708 2 5 2 , 5 5 0 3 1 3 , 4 2 0 146,405 l 4 l , 6 5 4 85,385 14,357 13,487 7,0^5 23,395 781,76s 142,343 30,133 S,866 36,224 118,54$ 2,814 8,630 3 ^ 6 ^ 258,906 2 , 3 0 0 38,543 In actual circulation 3,010,949 224,795 Collateral held by a^ent as security f o r notes issued to "bank: Gold and gold c e r t i f i c a t e s 1 , 5 2 5 , 1 1 6 73,339 Gold fund - F. H. Board 1,223,735 1 5 M 1 7 E l i g i b l e paper 30,727 3,012 U#S.Govt# securities 1+83.700 20.000 Total c o l l a t e r a l 3,323,278 251,16s 643,323 2 3 8 , 1 9 3 239,933 139,360 118,253 751,629 134,083 93,^10 109,859 31,748 220,357 523,606 123,100 23,738 85.000 ^39,567 313,000 3,417 30.000 29,789 40,000 1,308 25,200 13,014 8,000 4,461 5,500 9 7 , ^ 0 107,270 87,550 1 1 5 , 5 0 0 1 2 , 3 0 c 10,825 56.000 8*5.000 51,625 63,505 6,550 20.000 21,400 75,000 4,576 '42.000 760,444 2 5 3 , 3 0 0 318,595 1 4 7 , 6 8 0 1 4 2 , 9 7 6 43,066 68,700 2,028 30,000 785,984 143,794 21,490 77,800 2,875 20.000 96,897 1 2 2 , 1 6 5 97,500 90,763 10,037 65,000 36,975 263,300 FEDERAL HESERVE BANK 1T0TE STATEMENT 01* SEPTEMBER 6, 1333 (In thousands of dollars') Total Federal Reserve tank notes Issued to F.R.Baiik( outstanding) Held "by Federal Heserve baric In actual circulation Boston ITev; York Phila. Cleve. .Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran, 15^,383 21,702 14,633 1,704 63,510 10,705 7,523 130 12,360 2,4oo — 2,123 253 33,195 1,675 718 71 1,637 57 388 13 13,401 4,502 4,241 132 132,687 12,929 52,805 7,393 9,960 - 1,870 31,520 647 i,64o 975 8,893 4,049 2,273 177,274 20,000 64,274 8,000 1,5^2 15,000 — — 255 3,000 40,000 363 5,000 2,000 1,000 113 14,000 5,000 179,553 20,000 64,274 8,000 16,542 3,255 4o,ooo 5,369 2,000 1,000 14,113 5,000 Collateral pledged against outstanding notes: Discounted and purchased bills U.S.Govt, securities Total c o l l a t e r a l
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