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STATEMEFT FOB TSS PRESS Released for publication Friday morning, April 21; not earlier. B-S01 Federal Reserve Board April 20, 1933• CONDITION OF FEDERAL RESERVE BAFKS The daily average volume of Federal reserve bank credit outstanding during the week ending April 19, as reported by the Federal reserve banks, was $2,510,000,000, a decrease of $45,000,000 compared with the preceding week and an increase of $797,000,000 compared with the corresponding week in 193 On April 19 total reserve bank credit amounted to $2,^90,000,000, a decrease of $38,000,OCX) for the week. This decrease corresponds with a decrease of $79,000,000 in money in circulation and increases of $20,000,000 in monetary gold stock and $29,000,000 in Treasury currency, adjusted, offset in part by increases of $63*000,000 in member bank reserve balances and $27,000,000 in unexpended capital funds, nonmember deposits, etc.,. Bills discounted declined $12,000,000 at the Federal Reserve Bank of Hew York, $3,000,000 at Philadelphia, and SlU,000,000 at all Federal reserve banks. The System^ holdings of bills bought im open market decreased $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 19* 1933i were as follows: Increase or decrease since Apr. 19 Aor# 12 Apr. 20 (in millions of dollars) Bills Bills U. S. Other discounted bought Government securities reserve bank: credit 20s - l4 - 39 1.837 30 + i4 2,490 4,313 1,942 - 3S + 20 + 29 + Money in circulation 6,0bS Member bank reserve balances 2,159 Unexpended capital funds,nonmember deposits, etc. 518 - 79 + + 63 + 27 TOTAL HES3RVE BASK. CR3DIT Monetary gold stock Treasury currency adjusted 4l4 — - + + + + - + + 151 159 759 21 790 64 1SS 643 ISO 90. Released for publication Friday morning, April 21;1933; n °t earlier. B-SOla RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS C O M HIED (in thousands of dollars) Apr. 19,1933 Apr.. 12,1933 Apr. 20,1932 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 2,590,790 73. 2,692,229 2,664,216 321,^95 327,719 323,5H 3,315,446 351,871 3,365,595 215,597 Reserves other than gold . Total reserves 2.627.H5U 64,775 . . . . Non-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 3,531,192 106,957 1,601 2,223,947 41,070 2,265,017 297,297 461,415 3,023,729 213,230 212,969 3 , 529 , 276 3,236,69s 76,215 109,901 1,400 — 124,077 130,707 267,366 290,193, 4I4,270 202,443 297,7^9 297,157 422,456 564,523 246,964 42,547 421,590 457,372 346,19s 421,506 85,446 646,486 ^57,873 957,725 957,721 Total U.S. Government securities Other securities 1,237,104 1,237,183 5,559 5,5^1 1,072,130 4,501 Total bills and securities . . Due from foreign banks F. R. notes of other banks Uncollected items Bank premises All other resources 2,465,376 3,760 2,51S,I44 1,695,701 3,760 20,670 321,107 6,683 16,305 333,362 44,942 54,122 52,646 57,255 34,lis 6,637,39^ 6,611,026 5,512,537 3,547,225 2,544,764 TOTAL RESOURCES . . . . 24,829 354,60s 54,129 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 account . . . . . Government Foreign bank Special deposits - member bank . . . . nonmsmber bank . . Other deposits Total deposits . Deferred availability items Capital paid in Surplus All other liabilities TOTAL LIABILITIES 3,^77,393 24,529 2,152,636 25,465 11,OSS 75,603 is,921 57,3-25 2,096,079 34,992 10,697 72,993 19,451 39,512 2,273,730 — 1,972,642 78,33^ 47,317 — — 27,073 333, S5'- 149,700 314,530 149,636 272,599 25,721 272,599 27,356 2,131,371 3S0.70S 155,376 259,421 30,297 6,637,394 6,611,026 5,512,537 2,3^7,538 1 . . . . 19,290 Ratio of total reserves to deposit and F. R. note liabilities combined . . . . 61.5$ 60.6$ 69.2$ Contingent liability on bills purchased for foreign correspondents 50,223 48,274 308,843 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE B A M S OF APRIL 19, 1933 (In thousands of dollars) B-801b Total Boston Uew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,627,1+5^ 172,W+ 6SU,SU3 163,000 216,970 ll+3,5S0 82,875 75^, 1^7 117.310 52.9SU 81,290 20,7^8 137,263 Gold redemption fund with U.S.Treas. 6^,775 5.729 10.323 6,107 6,868 2,57^ 3.970 10,5^1 1,776 2,1+99 3.277 1,^18 9,693 Gold held exclusively against 76i+,6ss 119,086 55,^33 Sl+,567 22,166 11+6,956 695,166 169,107 223,838 146,151* 86,81+5 2,692,229 178,173 F. R. notes 69,061+ 22,031+ 11.939 6,61+2 Gold settlement fund with F.R.Board 6,873 20,276 321,U95 1 9 , 7 1 1 115,305 6,1+53 19.^92 13,377 10,329 8,181 2,69s 1.9US 193,506 21,223 22,83!+ 20,965 11,1+33 Gold and gold certif. held by banks 5,899 30,976 351,871 22,975 8,833 81+5,135 11+3,818 3i+,93S 198,20s Total gold reserves 69 , 370 112,171+ 3,365,595 220,859 l.OOU.377 196,733 266,161+ 163,36!+ 105,355 3,066 8,178 15,579 9,219 7,954 Reserves other than gold 9,891 70,930 21,373 15.731 31,7^ 7,513 215,597 iU.i+19 R E S O U R C E S Total reserves Fon-reserve cash Redemption fund - F.R. bank notes Bills discounted: Secured by U.S.Govt, obligations Other bills discounted 3,521,192 235,27s 1,075,307 218,156 281,895 178,255 112,868 7,61+3 1+,0S9 5,185 26,972 6,992 106,957 1,601 150 1,000 100 250 — 121+.077 290,193 Total bills discounted l+ll+,270 3ills bought in open market U. S. Government securities: Bonds Treasury notes Certificates and bills 208,1+1+3 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 11,018 6,HS9 61,911+ 1+8,1+89 17,507 1+3,062 110,1+03 29,345 l+21,50b 19,739 ^57,873 2U,829 957,725 1,837,10U 93,112 5,559 2,465,376 153,681 3,7277 2l+,829 361+ 35^,608 38,196 3,280 5M29 l+U,9l+2 921 — — 1,62b 19,791 21,1+17 l+,358 3,381 21,890 25,271 10,521+ I+,369 -. 13,688 18,057 65,388 187,196 30,911 36,363 9,918 182,229 35,9^7 1+7,1+31+ 12,936 355,9^9 70,283 92,7^3 25,295 725,371+ 137,1^1 1 7 6 , 5 ^ l+8,ll+9 — 525 4,927 33,901 52,01+8 73,921+ lHl 1,369 29,525 3,237 3,165 Sl+,502 126 1,256 9,671 2,1+22 5,371 12,169 HO,999 53,168 6,255 18,209 35,038 53,2^7 3,738 — 876,929 153,037 6,856 22,572 100 — 870,01+9 197,089 233,525 358 1,^77 399 5.922 1,710 37H 98,170 28,6l6 33,78^ 12,818 3,267 6,929 3,838 21,353 1,917 72,1+36 120,128 3,616 2,091 l 1+3,116 213,787 l+,96l+ 11,203 — — — i,3T5+ 2,959 ^,333 9,61+8 1+98 9,01+6 9,51+1+ 8,1+02 1,601 19,585 21,186 5,986 833 6,098 10,100 13,061+ 25,5^3 13.956 17.555 l6l+,602 3^,321 17,263 12,690 2l+,S12 12,1+10 15,112 29,5^8 18,019 10,1+63 20,1+58 1+8,707 256,551 65,332 5^,765 107 57,070 1+8,91+0 12l+,923 72,818 10 3l+,242 — — — 339,996 79,813 U9U 15 7,^33 1,59^ 1+2,299 ii+,05i 7,601 3,285 1,188 1,083 1+28 8,626 1,746 1,896 — 105 2,176 21,027 3.559 1,171 6,931 538 — ii,6iH 61,592 73,206 21,199 25,730 33,566 65,627 — 56,1+09 219,328 105 253 1+23 1,780 11,195 19,1+1+8 l+,2l+l+ 1,7^1 1,521+ 1,510 6,637,354 1+37,332 2,H3,o6s 1+56,763 567,861 293,705 223,208 1,292,512 259,839 160,052 236,021+ 119,^77 ^71,553 .RESOURCES Aim LIABILITIES OF THE FEDERAL RESERVE BAHKS OH APRIL 19, 1933 (in thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston Hew York Phila. 773,976 256,005 F.R.notes in actual circulation 3* >+77 , 39323^,603 l,7S9 16-.9S7 '4,695 p.R.bank notes in actual circulation 24,529 Deposits: Member "bank - reserve account 2, 158,636 122,250 1,047,4S2 112,296 25,465 3,S15 1,091 1,202 Government 11,OSS 3,SIS l,l46 797 Foreign bank 5,114 Special deposits: member bank 5,670 75.603 2,695 nonmember bank 1,726 1,347 18,921 22,726 3,762 Other deposits 57.£25 m . Total deposits 2, 347,53« 131,306 1,024,741 122,142 36,016 27,899 333,254 37,210 Deferred availability items 10,725 52,505 1U9,700 15,240 Capit a 1 paid in 278,599 20,^60 85,058 29,21+2 Surplus 25,781 639 7,785 All other liabilities 93^ TOTAL LIABILITIES 6,637,394 437,332 2,113,068 456,763 £ O Reserve ratio (per cent) 57.7 91 o 61.5 64.3 Contingent liability on bills pur16,760 5,301 chased for foreign correspondents 50,223 3,524 Cleve. Rich. Atlanta 33s,953 174,S83 l4l,6ss 999 42,937 987 322 Chicago St.Louis 327,223 1^9,565 271,580 131,539 1, Sob 52,950 1,020 13,504 426 6,036 6,231 20,Us9 775 3,752 1,246 5,001 456 2,504 7,256 14,611 72,729 27,109 5,202 53,497 311,994 152,516 30,31+2 13.9^3 28,294 2,314 1,130 11,616 2,106 9,273 4,631 10,544 2,975. 1,969 1,767 5,629 1,419 40,933 15,569 Minn. Kans.Cy. Dallas San Fran, 97,3-50 121,410 39 20 65,027 38,829 532 251 929 2,311 1,2.- 75,593 44,136 7,603 22,903 2,242 7,019 4,000 8,263 64l 1,330 371 5,028 3,047 4,241, 79,104 15,662 4,152 10,186 39,497 3,236 -1,125- 40,745 260,932 — — 2,113 317 4,249 129 442 12,207 50,062 i4I,425 1,361 317 194 7 122 3,409 764 5,394 501 2.716 52,135 160,269 13,006 12,222 3,725 10,506 8,719 19,701 1,027 1,857 1,082 567,86l 293,705 223,208 1,298,512 259,839 160,052 236,024 119,477 471,553 72.0 57.8 53.2 46.4 50.8 66.9 73.1 57.4 51.2 4,998 6,564 1,717 1,161 1,464 1,464 3,534 MATURITY DISTRIBUTION OF BILLS AITD SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants 4l4,270 208,443 957,725 5,559 Within 15 days 287,935 68,531 127,997 5,346 l6 to 30 days 22.051 73.052 52,400 31 to 60 days 49,318 59,024 246,975 177 6l to 90 days 47,222 7.715 67,450 26 91 days to 6 months Over 6 months 6,853 121 891 299,375 10 163,528 FEDERAL RESERVE NOTE STATEMENT ON APRIL 19, 1933 (In thousands of dollars) Total Boston Federal reserve notes: Issued to F.R.Bank by F.R.Agent 3,,760,879 253,181 283,486 18,578 Held by Federal reserve bank in actual circulation 3,^77,393 234,603 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 1,,298,619 66,427 Gold fund - F. R. Board 1,,328,835 106,017 485,164 57,256 Eligible paper 690,000 24,500 U. S. Gov't, securities Total collateral 3,802,618 254,200 New York In actual circulation Cleve. Rich. Atlanta 866,752 275,196 3^1,651 184,080 151,069 92,776 19,191 12,698 9,197 9,381 Chicago St.Louis Minn. Kans.Cy. Dallas San Iran. 9^2,356 i6o,4s4 100,339 131,984 ^2,932 300,855 55.073 10,919 2,989 Total collateral 2,187 39,923 827,283 1U9,565 97,350 121,410 40,7^5 260,932 21,875 61,000 29,999 4o,000 419,147 38,610 335,000 78,700 79,103 12,302 111,000 34,000 26,984 11,490 26,000 69,800 15,524 16,432 34,000 42,ooo 18,248 393,7^3 291,100 109,004 74,000 86,050 86,470 43,075 76,950 130,500 100,505 3l,7Sl 53,657 20,153 81,000 90,000 24,000 867,847 275,781 360,627 187,733 152,874 944,250 163,612 102,508 139,722 2,500 86,500 50,763 6,731 53,222 20,500 115,000 47,979 305.^5 lb--.r b;:.": :tots stateliest on april 1 9 , 1933 (In thousands of dollars) Chicago St.Louis Minn. Kans.C". Dallas San Fran. Total Boston Hew York Phila. Cleve. 37,06^ 12,535 2^,529 2,040 251 1,789 28,724 11,737 5,000 305 1,120 121 160 121 20 16,987 4,695 999 39 20 U,30S bi9jkk 2,300 2,175 28,724 8,000 5,000 20 5,333 -20 Rich. Atlanta Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Gov f t. securities 10,57^ 773,976 256,005 338,953 1 7 M 8 3 iUl,6gs FEDER-UJ Federal reserve bank notes: Issued to F.H#Bank(Outstanding) Held "by Federal reserve bank phila. B-SOld 333
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