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STATEMENT FOR THE PRESS Released for publication Friday morning, April lH; not earlier# B-SOl Federal Reserve Board April 13, 1933. CONDITION OF ZEEERAL RESERVE BAICS The daily average volume of Federal reserve bank credit outstanding during the week ending April 12, as reported by the Federal reserve banks, was $2,555»000,000, a decrease of $32,000,000 corrrpared with the preceding week and an increase of $926,000,000 compared with the corresponding week in 1932. On April 12 total reserve bank credit amounted to $2,528,000,000, a decrease of $46,009,000 for the week. This decrease corresponds with a decrease of $114,000,000 in money in circulation, and increases of $10,000,000 in monetary gold stock and $57,000,000 in Treasury currency, adjusted, offset in part by increases of $120,000,000 in member bank reserve balances and $14,000,000 in unexpended capital funds, nonmember deposits, etc* Bills discounted increased $6,000,000 at the Federal Reserve Bank of New York, and declined $7*000,000 each at Philadelphia and San Francisco and $8,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $39,000,000, while holdings of United States Government securities show little change for the week. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending April 12, 19331 were as follows: Increase or decrease since Apr, 12 1933 Apr. 5 1933 Abr. 13 1932 (in millions of dollars) - s - 39 201 195 S52 Bills discounted Bills "bought II. S. Government securities Other reserve bank credit U2S 2U7 1,837 TOTAL HES3RVE BANK CREDIT Monetary gold stock Treasury currency adjusted 2,523 4,293 1,913 - H6 + 10 Money in circulation 6.1^7 Member bank reserve balances 2,096 U91 Unexpended capital funds,nonmember deposits,etc. -llU + 72U + 14 + 85 so 16 + + ~ + - l SU2 - si 133 + 57 +120 H Released for publication Friday morning, April 1333J earlier. B-801a RESOURCES Aim LIABILITIES OF THE T'flELTE FEDERAL RESERVE BJLFES C0MBIK3D (in thousands of dollars) Apr. 12,1933 Apr. 5,1933 Apr. 13,1932 2,590,790 73,426 2,664,216 2,575,^05 76,479 2,651,884 2,192,997 327,719 323,511 281,560 317,085 3^5,393 466,4oo R E S O U R C E S 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 certificates held "by "banks Total gold reserves Reserves other than gold 3,315,^6 213,830 Total reserves Ion-reserve cash 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 U.S.Government securities: Bonds Treasury notes Certificates and bills . .. 3,529,276 109,901 3,278,837 209,585 3,488,422 1,100 130,707 133,926 297,251 436,177 428,45b 246,964 285,973 957,721 421,774 457,871 957,723 Total U.S.Government securities . Other securities 1,837,183 1,837,368 5,541 5,541 Total bills and securities . Due from foreign banks F. R. notes of other banks Uncollected items Bank -premises Al"1 other resources 2,518,144 2,565,059 3,620 24,211 321,430 421,590 457,872 3,760 20,670 321,107 54,122 2,234,827 3,018,312 214,737 3,233,049 110,070 1,400 297,749 41,830 78,99^ — 316,088 312,51^ 628,602 51,809 321,183 85,446 578,395 985,024 4,476 1,669,911 6,669 52,646 57,487 14,107 410,810 57,854 37,960 6,611,026 6,625,522 5,509,35^ F.R. notes in actual circulation . . . F.R. bank notes in actual circulation . Deposits: Member bank - reserve account . . . . Government Foreign bank . . Special deposits - member bank . . . . nonmember bank . . Other de-oosits 3,547,285 3,644,137 15,930 2,537,075 1,975,731 85,596 10,935 69,342 17,466 2,010,899 19,435 Total deposits Deferred availability items Canital paid in 2,273,730 31^,530 36,985 2,196,055 TOTAL RESOURCES 54,123 L I A B I L I T I E S . . . . . . 2,096,079 34,992 10,697 72,993 19,451 39,518 All other liabilities . . . . .... — 52,494 41,137 — — 2,123,965 401,809 278,599 27,356 315,7^5 149,617 278,599 25,^39 6,611,026 6,625,522 5,509,35^ 149,636 SUTDIUS TOTAL LIABILITIES 19,890 155,45s 259,421 31,626 Ratio of total reserves to deposit and P. R. note liabilities combined . . . 60.6$ 59.7$ 69.4$ Contingent liability on bills purchased for foreign correspondents 48,274 50,330 325,684 R E S O U R C E S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 12, I933 (In thousands of dollars) £-801b Total Boston New York phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran Gold with Federal reserve agents 2,590,790 172,444 Gold redemption fund with U.S.Treas. " " 630,843 163,000 221,970 143,580 nr r ~ " ' ~ Gold held exclusively against 2,664,216 172,259 646,824 F. R, notes Gold settlement fund with F.R.Board 327,719 12,729 112,661 Gold and gold certif. held by banks 17^,155 323,511 22,754 Total gold reserves 3,315,^6 213,802 933,640 213,830 15,52U 70,645 Reserves other than gold Total reserves 3,529,276 229,326 1,004,285 Non-reserve cash 109,901 6,510 26,747 Redemption fund - F.R. bank notes 1,1+00 150 800 Bills discounted: Secured by U.S.Govt, obligations 130,707 6,286 72,188 Other bills discounted 297,749 11,576 ,595 Total bills discounted Bills bought in open market U # S. Government securities: Bonds Treasury notes 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 resources TOTAL RESOURCES 428,456 17,862 246,964 U7.7S7 421,590 19,739 957,721 1,837,183 5,5^1 48,544 93>H2 — 457,872 24,829 2,518,144153,761 3,7^0 277 20,670 290 321,107 35,981 54,122 3,280 52,646 l.OTL 169,300 229,173 146,402 7,226 23,872 12,863 20,464 22,1U7 8,489 761,837 H5.925 "" ~ 87,057 12,504 23,350 151,440 10,260 25,241 5,652 26.462 852,529 I4O,4QI 72,575 112,840 39,262 203,143 8,230 15,908 32,31^ 9,389 2,842 7,728 7,757 196,990 275,192 167,75^ 107,31s 20,605 13,84s 9,788 7,009 217,595 289,040 177,5^2 114,327 4,36l 6,745 4,836 6,006 250 100 — — 12,533 43,047 15,520 3S,3S8 1,120 12.1,533 55,580 53,908 21,049 39,996 82,835 8,546 5,485 6,6o4 3,877 ----25,673 12,444 187,196 30,911 36,363 9,91S 10,035 182,229 35,9^7 12,936 13,064 355,94s 70,28? 92,743 25,295 25,5^ 725,373 137,i4l 176,5^0 4,9l4 525 891,866 201,792 235,933 1,476 399 35S 5,426 324 1,282 S7,6lO 26,266 31,087 12,817 3,267 6,929 27,712 4.562 1,907 773,036 117,306 68,420 20,100 11,073 2,995 884,843 14p,790 24,621 6,687 100 4,923 57,116 i4,m 1,3^8 81,290 21,748 l4l,2&3 " ' ' , l,b02 10,177.. 84,953 7,672 20,215 75,^17 120,568 2,123 4>111 47,492 219,051 5,337 11,817 1,465 562 1,846 3S3 10,004 11,649 9,813 9,593 21,895 6,869 5,488 l,04s 72,431 23,103 18,860 73,s4o 54,055 " 39,902 13,956 52,048 17,555 164,602 3^,321 4s,l49 48,643 256,552 65,832 — -— 75,802 86,760 '3^9,252 81,795 l4l 127 4g4 15 1,163 1,162 5,329 1,713 27,33^ 9,828 36,393 14,334 3,237 2,422 7,595 3,285 3,171 5,409 1.166 1,084 17,262 12,559 18,019 25,730 12,609 24,807 54,75s 15,112 29,5^9 10,463 33,566 20,45s 65,627 57,220 Us,9^0 124,923 102 74,266 85,984 55,476 220,^57 10 105 105 253 559 1,R98 376 lf44g J,209 17,5^3 10,798 16,722 1,746 3,559 lt74l 4,244 1.896 l,l4p 1,496 2.070 6,611,026 435,606 2,058,739 ^5S,Sl6 573,381 293,230 226,041 1,309,693 258,803 163,226 234,608 122,821 476,062 RESOURCES AIED LIABILITIES OP THE FEDERAL RESERVE BARKS OH APRIL 12, 1933 (in thousands of dollars) B-801c L I A B I L I T I E S Total F.R.notes in actual circulation 3,5^7,285 F.R.bank notes in actual circulation 19,890 Deposits: Member bank - reserve account 2,056,079 Government 34,992 Foreign bank 10,697 Special deposits: member bank 72,993 nonmember bank 19,451 Other deposits 39,513 Total deposit s 2,273,730 314,530 referred availability items 149,636 Capital paid in -Surplus 272,599 All other liabilities 27,356 TOTAL LIABILITIES Reserve ratio (per cent) Contingent liability on bills purchased for foreign correspondents Boston ITew York Phila. Cleve. Rich. Atlanta 236,041 794,SbO 261,522 346,945 178,267 144,805 — — 12,805 4,330 1,719 997 122,708 1,701 797 2,794 — 2,270 130,270 35,763 10,710 20,460 643 985,760 110,907 129,683 56,012 l,4is -14,056 2,394 917 l,l46 426 1,080 3,^27 4,925 5,741 5,603 14,666 2,704 930 1,157 1,293 3,064 4,952 8,756 91 1,019,638 119,957 151,817 69,706 so,252 26,402 .29,025 26,941 5,202 58,37^ 15,84o 13,9^2 85,05s 29,242 28,294 11,616 1,49s 7,752 2,361 1,523 Chicago St.Louis Minn. Kans.Cy,, Dallas Saxi Fran, 903,507 150,028 99,65s 123,220 42,454 265,97s — : — — 39 42,242 , 275,^65 4,856 1,513 1,419 332 19,66s 6,290 7,204 587 2,917 2,315 53,329 3H,529 9,747 36,323 4,625 15,570' 10,544 39,497 3,267 2,991 64,196 39,662 7^,79S 50,920 143,726 1,063 1,753 1,349 2,016 1,946 251 371 317 317 764 4,754 1,066 182 3*790 3,51* 2,826 195 2,051 7 497 422 1,357 77,39S 45,450 80,999 7,148 17,4S9 15,7S0 4,248 2, S40 - 3,996 10,156 8,263 7,019 1,124 1,111 64i 3,305 5SS 9,4si 53,363 160,274 11,96s 17,692 3,779 10,510 S,719 19,701 2,538 1,907 6,611,026 435,606 2,058,739 458,816 573,381 293,230 226,o4i 1,309,693 258,803 163,226 234,608 122,821 47o,OO2 60.6 62.6 57.0 72.8 71.6 58.0 52.0 49.6 51.4 55.3 59.0 57.7 65.9 48,274 3,67^ 14,755 5,284 4,982 1,963 1,761 6.5*3 1,711 1,158 l,46o l,46o 3,523 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES Bills discounted Bills bought in open market Certificates and "bills Municipal warrants Total Within 15 days 428, U56 246,964 957,721 5,5^1 294,881 60,566 60,100 5,333 16 to 30 days 28,271 76,618 95,^97 31 to 60 days 33,731 100,380 156,050 51 6l to 90 days 63,319 9,19s 163,675 152 91 days to 6 months 6,884 202 319,271 5 Over 6 months 1,370 162,528 FEDERAL RESERVE NOTE STATEMENT OK APRIL 12, 1933 (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Federal reserve notes: Issued to F.R.Bank "by F.R.Agent3,843,9b0 254,544 Held "by Federal reserve bank 296,675 18,503 891,901 282,392 361,950 187,644 153,475 Q7.04l 20.870 15.005 Q.177 8.670 236,04l 794,360 261,522 3^6,9U5 178,267 ll+4,805 66,5+27 106,017 393,743 In actual circulation 3,547,285 Collateral held by agent as security for notes issued to bank: Gold and geld certificates ,303,955 Gold fund - F. R. Board 1,; ,286,835 Eligible paper 518,837 U. S. Gov't, securities z 6^000 Total collateral 61,042 26,500 3,877,627 259,9S6 86,050 86,5+70 237,100 76,950 135,500 5,26s 34,355 53,201 lUo.ooo s6,ooo 90,000 43,075 100,505 21,335 21,835 61,000 32,36s 24,ooo Uo,ooo 896,111 283,355 365,171 188,915 155,203 B-SOld Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 956,663 161,209 10H,258 135,39S 11,181 **.60Q .1P.1.78 903,507 150,028 99.6-58 123,220 45,914 308,612 ^ 6 0 4?,634 42,5^4 265,97s '416,837 37,225 35+5,000 78,700 27,055 27,000 11,^+90 69,800 18,2US 3,500 34,000_j6,000 42.000 20,500 120^00Q_ 957,455 163,566 106,544 140,531 47,245 313,5^5 3S,6is 109,000 13,65+1 16,5+89 17,25+1 95,500 45,763 4,9 j 7 52,282 FEDERAL RESERVE 3AI-TE BOTE STATEMENT OF APRIL 12, 1933 (in thousands of dollars) Total Federal reserve bank notes: Issued to F.R.Banlc (Outstanding) Held by Federal reserve bank In actual circulation Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis 29,044 9,154 2,040 321 20,724 '.919 5,000 670 1,120 123 160 19,890 1,719 12,805 4,330 997 39 6,129 33.724 2,300 3,5^3 5,000 Minn. Kans.Cy. Dallas San Fran. 121 Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Gov't, securities Total collateral 20.724 8.000 286 - - - - ...
@FedFRASER