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STATEMSMT FOR THE PRESS Released for publication Friday morning, Apr. 13; not earlier. B-801 Federal Reserve Board April 12, IS31K COFDITIOF OF FFDERAL RESERVE 3UKS The daily average volume of Federal Reserve tank credit outstanding during the week ended April 11, as reported by the Federal Reserve banks, was $2,511,000,000, a decrease of $2*4,000,000 compared with the preceding week and of $>48,000,000 compared with the corresponding week in 1933 • On April 11 total Reserve bank credit amounted to $2,^92,000,000, a decrease of $17,000,000 for the week. This decrease corresponds with decreases of $2)4,000,000 in money in circulation and $$1,000,000 in Treasury cash and deposits with Federal Reserve banks and increases of $2^,000,000 in monetary gold stock and $12,000,000 in Treasury and national bank: currency, offset in part by increases of $110,000,000 in member bank reserve balances and $23,000,000 in nonmember deposits and other Federal Reserve accounts. The System's holdings of b i l l s discounted declined $5,000,000, of b i l l s bought in open market $9,000,000, of United States bonds $12,000,000 and of United States Treasury notes $^3,000,000, while holdings of Treasury certificates and b i l l s increased $55,000,000, Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended April 11, 193^> ^ore as follows: Increase or decrease since Aor. 11 Apr# H L Apr. 12 1933 (in millions of dollars) Bills Bills U. S. Other discounted bo-ught Government securities Reserve bank credit TOTAL RESERVE BAM CREDIT Monetary gold stock Treasury and National bank currency Money in circulation Member bank reserve balances Treasury cash and deposits with F.R, banks Nonmember deposits and other F.R.accounts 17 2,U32 * 7,732 2,381 5,3^7 3.5SO 3,239 s*6o -5 ~9 — -k -3S5 -230 +595 -16 -17 +29 +12 -36 +3,726 +78 +110 -su +23 -513 +1.U6U +2,8^9 -31 •Less than $500,000. Released for publication Friday morning, A">ril 13,1934; ^-ot earlier. B-SOla ASSETS AED LIABILITIES OF THE TWELVE FEDERAL RESERVE BASICS COMBINED (In thousands of dollars) Apr. 11,193*1 Apr. 4,1934 Apr. 12, 4,309,575 911,248 2,330,772 73,426 323.731 3,639,177 1,1+00 ASSETS Gold certificates on hand and due from U. S, Treasury Gold Redemption fond - F. R. notes . . . . Other cash . , Total reserves . . Redemption fund - F. R. "bank notes . . B i l l s discounted: See. by U.S.Government obligations # Other b i l l s discounted . . . . . . . ^,336,S37 — 32,93s 225,771 4,645,596 33,749 215.17S 4,553,502 3,362 8,513 9,27.6 12,244 130,707 297,7^9 428,456 246,964 43,251 17,059 .. 35,225. 47,529 26,045 442,795 1,222,681 766,286 421,590 . U3I,225 1,179,906 o20,S4o Total U.S. Govt, securities Other securities . 2,431,979 2,431,762 Total b i l l s and securities . 2,492,851 1,837,183 5,541 2,518,144 Due from foreign banks . . . . . . . F. R. notes of other banks Uncollected items . . . . . Bank premises . • • • . . • • • • . . Fed# Dep. Ins. Corp. stock All other assets . . . . 3,130 17,340 Total b i l l s discounted . . B i l l s bought in ODen market . . . IT. S. Government securities: Bonds . . . . . . . . . Treasury notes Certificates and b i l l s . . . . . . . . . . 33,9.75. 562 TOTAL ASSETS 4lS,7SO 563 2,505,899 3,131 16,551 427,938 457,872 957,721 3,760 •20,670 321,107 54,122 7.760,9^2 52,503 69,650 51,349 7,694,036 3,025,G12 S3,336 3,032,016 106,552 3,547,285 3,560,025 29,395 3,449,803 2,096,079 21,216 7,210 115,279 5,049 20,996 10,697 52,556 69,650 52,677 — 52,646 6,611,026 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 # . . Government , Foreign bank Special deposits - member bank . # nonmember bank # Other deposits . . . . . U,623 Total deposits . . . . . 3,737,74s Deferred availability items . . . . 422,619 Capital paid in 146,339 # Surplus 133,323 Subscription for Fed# Dep. Ins# Corn, stock: Paid 69,650 C a lled for payment on April 15 . . 69,650 All other l i a b i l i t i e s # , 62,355 TOTAL LIABILITIES 7,760,942 Ratio of total reserves 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 for foreign correspondents . . . . 68.7$ 4,669 66,883 9,958 104,109 3,656,798 427,984 146,273 138,383 19,890 34,992 72,993 19,451 39,518 2,273,730 314,530 149,636 278,599 69,650 69,650 46,730 27,356 7,694,036 6,611,026 .68.2$ 4,771 62,5$ 48,274 ASSETS JL5D LIABILITIES 01* THE FEDERAL RESERVE BAMS ON. APRIL 11, I93I+ (In thousands of dollars) ASSETS Total Gold certificates on hand and due from U. S. Treasury Redemption fund - P. R. notes Other cash Boston l!e*.7 York Total h i l l s discounted B i l l s bought in open market U.S. Government securities: Bonds Treasury notes Certificates and h i l l s Total U.S.Govt, securities Other securities Total b i l l s and securities Due from foreign banks P. R. notes of other banks Uncollected items Bank premises Ped. Dep. Ins. Corp. stock A l l other assets TOTAL ASSETS Cleve. Rich. Atlanta l*,386,837 351.6*6 1,291,022 282,1*05 332,U77 209,951 135,2^3 32,933 2,653 2,685 225,771 17,309 5 3 , 3 ^ K6^5,596 371,607 1,352,051 notes 8,362 1,250 2,1*01 !fotal reserves Redemption fund - P.R.baiiLc B i l l s discounted: Sec. by U.S.Govt, obligations Other b i l l s discounted Phila. 9,276 700 1,1*01 1,251 1,392 19,390 13,81*7 2,625 1,593 2.H31 1,567 1,167 551 23,395 73,563 55,223 159,113 376,271 251,371 31,^72 13,825 82,1*77 57,600 2,U31,979 157,681 562 52,677 27,01*3 197 106,613 1*6,826 7H,9**O 32,912 237 33^ i+l*,22l+ 3,221* 5,H5 910 95,712 300 119 1,005 1,199 39,228 35,928 6,788 3,128 2,901* 7,073 1,1*59 2,035 1,262 1,215 10,269 11,262 i,00i*,703 197,373 113,567 — 73b 2U7 151 111 869 71+6 1,313 2,132 2b2 1*25 73,61*5 ll*,193 1*6,19^ 12,750 — 809,129 182,983 216,817 37„360 31*2 1,193 1*59 5,753 109,835 32,630 11,1*31* 1*, 131 21,265 7,310 5,921 3^,265 110 1,130 13,519 2,372 7,760,91*2 527,725 2,3^7,331 555,967 6 2 3 , 5 ^ 7,237 29,512 102 1,211 1*3, lUi* 30,351 2,636 2,8lU Minn. Kans.Cy. Dallas San. Pran 967,95^ 135,339 101,01*3 151,509 92,721* 2Sl*,975 222 61*7 786,755 167,120 213,025 93,563 36,21*5 509 53 — 2,^92,651 160,82l* 69,650 — 1,925 1+31,225 3,001 9,860 11,731 321,333 3^9,699 221,661+ 11*9,975 85s 1,215 269 1,872 ^3,251 17,059 3,130 17,3^0 1*18,780 52,556 1,353 11,975 1*20 331 820,81*8 3,333 13,389 lU,l*i6 33,975 1,179,906 3.3W 35,6iH Chicago St.Louis B-80Xb 210,665 153,033 ^37,3^3 — 1*1*0,788 1*1!* 2,560 53,532 7,332 9,871* 1,1*21 362,629 260,685 1,520,72U 32,60s 93,200 — 93,337 10 1,121 18,586 3,110 2,5^7 31*1 317,709 768 677 6,291 9,733 162,015 99,692 301,917 150 11 1*,990 11,952 U7I* 76U 127 36s - 608 307 175 619 307 175 l*,027 ^95 1,367 31*7 1*67 16,303 29,071 20,1*23 15,325 1+5,871* 32,21*5 19,081 2l*,575 30,765 S3,2l*3 21,629 53,513 65,797 93,^i*V 71,1*75 166,331 — — — 66,763 9^,218 75,677 168,193 7 88 1,1*96 23,101* 88 257 15,773 1,755 2,180 985 661 10,577 1,657 1,755 1,251* 3,1*85 2,066 567 196,1*88 287,189 196,881 222* 1,360 21,79!* M90 1*,925 705 503,970 ASSETS AHD LIABILITIES OP THE FEDERAL RESERVE BAITKS OF APRIL I I , 1934 (In thousands of dollars) L I A B I L I T I E S Total Boston 3,025,812 241,490 SS.336 3,329 Hew York Phila. Cleve. Rich. Atlanta 623,47b 241,683 297,164 144,525 128,531 8,099 13,3^7 — 1,254 ^,747 Chicago St.Louis F.R.notes in actual circulation 770,010 F.R.bahk: note circulation - net Deposits: Mernber bank - reserve account 610,934 3,560,025 259,480 1,365,480 198,807 219,426 156,479 83,1^5 Government 1,434 3,098 29,395 6,950 2,095 5,097 1,115 2,482 Foreign bank 589 4,623 638 612 215 441 773 233 Special deposits: member brink 3,108 21,216 4.600 1,312 1,454 5,249 1,^30 75 nonmember bank 76 7,210 48 1,033 1.601 519 Other deposits 115,279 4,914 50*236 19,867 3,960 M 5 2 _LJ.SA Total deposits 3,737,748 266,344 1,403,826 227,60s 230,257 165,395 93,761 627,09s 422,619 Deferred availability items 44s 213 109.73S 31,270 39,004 35,559 13,458 56,234 146, Capital paid in 10.674 12,661 59,700 15,623 12,657 4,963 Sur~>lus 138.3S3 9,610 45,217 13,352 14,090 5,171 5,145 20,681 Subscription for Fed. Dep. Ins. Corp. stock; Paid 6o : 650 5.11R 21,265 7,310 7,073 2,904 2,636 9,874 Called for payment on April 15 69,650 2,904 9,874 21,265 2,636 7,310 7,073 5,115 All other l i a b i l i t i e s 14.292 -1*268. . 2,919, _-SiS4z_ 18,097 jum. TOTAL LIABILITIES 7,760,942 527,725 2,347,331 555,967 623,584 362,689 260,685 1,520,724 Ratio of total reserves to deposit and F.R.note l i a b i l i t i e s combined 68.7 68.5 66.3 71.5 73.2 66.7 71.9 67.5 Contingent l i a b i l i t y on b i l l s pur513 474 1S8 chased for foreign correspondents 4,669 1,440 KjH173 l,44o 355 622 B-SOlc Minn. Kans.Cy. Dallas San Fran. 133,934 4,926 96,319 107,9^2 1,817 2,264 39,225 200,913 3,275 5,27S 123,846 2,7^5 202 69,477 132,307 737 1,421 i4i 172 1,301 579 116,131 224,513 887 1,33^ 172 435 311 1,205 610 586 3,301 144,209 19,674 3,9^8 4,756 2,5^7 2,547 1.168 22 5,446 6,35.2, 1,755 1,755 2,066 2,066 1,469 14.228 76,402 141,553 119,417 241,878 10,832 22,709 16,145 23,783 2,970 4,150 3,960 10,666 3,420 3,613 3,683 9,645 1.218 317,709 196,488 71.0 163 65.8 826 2,180 2,180 6,21$ 4,925 4,925 1,957 287,189 196,881 503,970 64.9 138 ll4 62.6 68.2 138 351 MATURITY DISTRIBUTION OF BILLS AITD SHORT TERM SECURITIES Total Bills discounted B i l l s bought in open market Certificates and b i l l s Municipal warrants 43,251 17,059 820,G4S 562 Within 15 days 16 to 30 days 31 to 60 days 30,600 4,600 3,086 500 115,530 9 38,975 11,427 90,229 3,365 2,206 6l to 90 days ^,725 61 117,466 17 91 days to 6 months Over 6 months 19S 42 235,^41 223,207 36 FEDERAL RESERVE NOTE STATEMENT ON APRIL 11, I93U (In thousands of dollars) Total Boston Federal Reserve notes: Issued to F.R.bank by F.R.Agent 3,30U,S60 258.223 Held by Federal Reserve bank 27f,4OUS 16,733 In actual circulation 3,025,212 2I+1,U90 Collateral held "by agent as security for notes issued to bank: Gold certificates on hand and 3,01+2,896 260.1+92 due from TJ. S. Treasury 2,665 Eligible paper 275,1+00 U. S. Govt, securities Total collateral 3,352,71^ 263,157 New York Phila. Cleve. Rich. Atlanta B-SOld Chicago St.Louis 721,263 258,016 313.872 1 5 M 2 0 1^8,655 97,787 16.333 1-6:708 9,^95 20,12l+ 802,31+5 139,1+81 32,335 5,5^7 623,1+76 128,531 770,010 133.93H 723.706 228,000 258,1+81 15!+,3^ 102,385 12,548 5,1*67 2,355 1,265 1,105 75^,213 1,713 55,000 136,936 21+1,683 297,161+ li+i+,525 25,000 55,000 — 1+7,000 736,651+ 253,1+67 315,336 155,605 150,1+90 Minn. Kans.Cy. Dallas San Fran. 101,73^ 11^,9^8 l+i+,l+93 21+7,805 5.^15 7,006 U,673 ^6,892 96,319 107,9^2 39,825 200,313 105,290 1+1,675 197,763 H6S 557 i+,05i+ 1,262 U,ooo 22,1+00 12,000 -55,000 810,926 11+1,1+95 102,1+83 117,31+7 1+5,729 25l+,025 559 79.615 FEDERAL RESERVE BAM NOTE STATEMEFT ON APRIL 11, I93I+ (In thousands of dollars) Federal Reserve bank notes: Issued to F.R.bank(outstanding) Held by Federal Reserve bank In circulation - net* Total Boston New York Phila. Cleve. 10U.030 I5..69I+ 1+,051 : 722 ^7.935 3,iss 13,735 1+33 1,1+69 215 5,l+H+ 2,372 555 88,336 3,329 Ui+,71+7 16,035 7,936 3,099 13,3^7 l,25l+ l+,926 9l+2 139,77^ 5,000 1+9,27U 26,500 15,000 11+0,716 5,000 1+9,271+ 26,500 15,931 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1+,113 838 6,1+51+ 1,176 1,817 2,1+02 138 2,261+ 3,275 5,273 7,000 10,000 3,000 7,000 15,000 10,000 3,000 7,000 15,000 1+8S Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Govt, securities Total 11 931 2,000 — 2,011 -- 7,000 *Does not include $83,55!+,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