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STATEMENT FOR THE PRESS Released for publication Friday morning, April 2J; not earlier# B-SOl Federal Reserve Board April 26, 1931+. CONDI TI017 OF FEDERAL RESERVE BAFKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended April 251 as reported "oy the Federal Reserve ba^ks, \ms $2,^0k90009000$ unchanged from the preceding week and $^7,000,000 atiove the average for the corresponding week in 1933* On April 25 total Reserve hank credit amounted to $2,Ug6,000,000t a decrease of $7f000,000 for the week* This decrease corresponds with decreases of $23,000,000 in money in circulation and $56»OOOtOOO in Treasury cash said deposits with Federal Reserve "banks and an increase of monetary gold stock, offset in part by an increase of $79t0°°>000 in member bank reserve balances. The System*s holdings of bills discounted and of United States bonds were practically -unchanged from last week. Holdings of bills bought in open market declined $3,000,000 and of Treasury certificates and bills $13,000,000, while holdings of United States Treasury notes increased $13,000,000# Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended April 25, 193^» were as follows: Increase or decrease since April 25 April IS I??1* April 2! 1933 (In millions of dollars) Bills Bills U # S# Other discounted bought Government securities Reserve bank credit Ho 10 2,^30 5 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury and National bank currency 7,755 2,3G0 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmember deposits and other F#R.accounts 5,32H 3»7^s 3,1^ too — -3 -3^5 -167 +593 - 7 -7 +9 -1 +7^ +3,732 -23 +79 -56 -3S3 +1,612 +2,777 -127 — Released for publication Friday morning, ipril 27,1934; not earlier. B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE B A M S COMBINED (In thousands of dollars) Apr. 25.193*+ Apr. lg, 193*1 Apr.26,1933 A S S E T S Gold certificates on hand and due from U. S. Treasury Gold Redemption fund - F. R. notes . . . . Other cash 4,490,358 -31,498 241,262 4,476,979 — 31,498 224,832 931,605 2,400,862 63,871 328,818 Total reserves Redemption fund - F. R. "bank notes . Bills discounted: Sec. "by U.S.Government obligations Other bills discounted 4,763,118 7,768 4,733,309 8,226 3,725,156 3,293 7,903 32,410 *8,44l *32,032 93,434 291,567 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 - 40,313 10,163 40,473 13,499 385,001 177,450 406,204 1,221,099 802,870 2,430,173 e;l!g 4O6,277 1,207,603 816,384 2,430,264 562 421,476 506,083 909,513 1,837,072 5,451 Total bills and securities . . . Dae from foreign banks F. R. notes of other banks Uncollected items Bank premises Fed. Dep. Ins. Corp. stock All other assets 2,481,197 3,131 17,317 428,684 52,558 139,299 43,078 2,484,798 3,130 15.905 493,347 52,556 139,299 4-1,879 2,404,974 3,656 20,355 318,392 54,134 7,936,150 7,972,449 6,576,202 F. R. notes in actual circulation . . F. R. bank note circulation - net . . Deposits: Member bank - reserve account . . . Government Foreign bank Other deposits 3,Q30,2l6 77,767 3,029,647 83,102 3,424,114 36,798 Total deposits Deferred availability items Capital paid in Surplus Reserves (F.D.I.C. stock, self insurance, etc.) All other liabilities 3,928,504 427,495 146,449 13s,3S3 3,900,897 488,075 146,353 138,383 2,345,45i 315,218 150,330 161,829 251507 161,829 24,133 12j206 13,486 7,.936,150 7,972,449 6,576,202 TOTAL ASSETS 46,242 L I A B I L I T I E S TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . Contingent liability on bills purchased for foreign correspondents . . . . 3,748,195 17,644 5,^47 157,318 68.4$ 4,669 3,669,177 68,977 4,565 158,178 68.3$ 4,669 2,135,808 37,165 26,810 l45,66g 278,599 64.6$ 48,280 •Revised figures. ASSETS AFD LIABILITIES 0? THE FEDERAL RESERVE 3AITHS 017 APRIL 25, I93I+ (In thousands of dollars) ASSETS B-SOlb Rich. Atlanta Chicago St.Louis Minn. Kalis.Cy. Dallas San Fran M 9 0 , 3 5 8 356,602 1,1+76,282 253,295 3*4-2,99*4- 217,UsU 118,681 3i,*6S 2,603 2,1427 3,217 3,199 2,957 1,1453 66,91+7 35,395 13,1214 9,61+1 12,086 2*41,262 16,602 9 27,9146 187,8142 98,022 147,061+ 86,870 277,276 656 14,921 1,166 7,056 730 1,113 6,702 1*4,376 33,961+ 10,0l49 11,326 11,050 Total reserves U, 763,11s 375,207 l,5^5,656 291,907 359,317 228,57s I33,72l4 — 269 Redemption fund - F.R.bank notes 7,763 35s 1,215 1,250 2,35^ Bills discounted: 196 1*18 Sec. "by U.S.Govt., obligations 1,552 505 7,903 i+,559 239 80S 1,653 1,283 32,*410 Other bills discounted 1 M 1 6 11,1426 533 968,966 199,057 110,1+61 158,3141+ 9*4,228 296,573 Total Boston TTew York Phila. Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash 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 Dae from foreign banks P.R.notes of other banks Uncollected items Bank premises Fed. Dep . Ins. Corp. stock All other assets TOTAL ASSETS to, 313 10,163 1,226 600 HOo,20*+ 22,991 1,221,099 81,087 802,870 53,602 2,1130,173 157,680 5I+S — 2,1+31,197 159,506 237 3,131 392 17,317 l+2S,6Sl+ 145,702 3,22U 52,55S 139,299 10,230 l43,07S 903 18,675 12,97s 2,331 937 Cleve. 2,15s S57 1,522 372 1+31+ — 51 1,159 18S 35 1+79 729 1,210 1+1+1+ 1,162 273 252 1+8*+ 226 > 150 i+7H 761+ 15 263 8 167 2ll+ 386 283 222 553 323 1,731 928 1149,330 25,603 30,2U6 13,287 12,252 85,609 110,037 148,328 l+i+,530 2145,507 55,908 72,7*42 31,9*47 29,^36 786,755 167,120 213,025 93,562 36,218 — — 140 50s 67,1+90 13,662 15,797 13,199 216,6ss *47,SS5 29,99S 1+7,3*4S 153,165 31,653 19,825 31,297 *437,3*+3 93,200 65,620 91,3141+ 807,801 181,51+3 216,0U0 314-2 301 1,193 14,145s 3SS 1,275 *439,715 93,725 66,3P l+ll+ 10 7 3,261+ l,20l+ 351 57,012 13,585 10,2lU 7,382 3,112 1,657 19,7*49 5,093 3,510 993 1,207 353 39l,9lS 106,792 314,306 142,370 11,14314 14,131 6,73s 142,529 IH,621 114,1147 26,507 14,720 1,1463 95,^56 37,391 119 110 1,181 1,123 35,290 13,037 3,128 2,372 5,808 5,272 2,006 2,61+2 — — — — 13,730 23,617 31,75*4 35,917 20,991 56,797 71,U75 166,331 — — 92,1450 73,1+28 167,212 OO Ob 222 26s 1,658 1,755 24,999 17,267 23,110 3,*4S5 14,131 51+5 1,755 *4,359 1,057 i+,090 9,350 677 7»936,150 597,251 2,51+3,721+ 532,S16 61+2,916 371,566 21+5,91+0 1,^97,500 321,573 193,737 226,1+1+7 192,92I+ 50^,756 ASSETS I&D LIABILITIES OF THE FEDERAL RESERVE 3 M K S OH APRIL 25, 1934 (In thousands of dollars) L I A B I L I T I E S Total F.R.notes in actual circulation F.R.bank note circulation - net Deposits: Member bank - reserve account Government Foreign bank Other deposits Boston 3,030,216 242,545 Few York Phila. Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans.Gy. Dallas San Fran, 2,306 626,705 21+3,266 302,324 1^1,077 129,604 42,373 7,21+3 12,330 — 1,257 772,055 133^58 3,223 95,391 — 3,7^8,195 269,972 136 17,644 305 5,3^7 4,031 157,313 1,561,61s 137,453 235,931+ 162,605 72,371 190 1,173 226 1,105 377 1+06 161 i4s 2,57c 1+1+0 15,146 10,49c 1+2,616 ii+,96i 1',693 595,539 124,705 553 3,039 l4o 533 12,361+ 16,306 69,035 132,321+ 323 1,21+5 119 97 6,615 5,717 77,767 •7 Total deposits 3,928,501+ 27^/491+ 1,607,917 203,030 244,460 178,102 Deferred availability itens 105,083 32,1+22 39,403 35,15!+ 1+27,1+95 1+5,583 Capital paid in 11+6,1+1+9 10,697 59,72U 15,686 12,636 9,610 Surplus 1+5,217 13,352 ii+,090 5,171 138,383 Reserves (F.D.I.C. stock, self in161,829 11,283 1+7,266 17,121 16,1+1+7 6,963 surance, etc.) 728 All other liabilities 6U6 676 25,507 13,939 131 TOTAL LIABILITIES B-SOlc 34,696 12,583 4,1+26 5,145 7,84s 381 609,494 57,205 12,543 20,681 22,718 2,804 106,556 39,29^ 197,9^1 2,217 3,030 110,22s 225,301 9 119 2,31+1 149,740 76,992 133,5^3 112,697 19,489 10,170 26,116 20,621 3,001 4,166 3,962 3,992 3,*+20 4,756 3,613 3,683 5,9^6 964 '4,535 228 2,733 l+,207 301 17.9S0 243,239 23,661 10,648 9,645 5,^90 11,465 489 31b 7,936,150 597,251 2,51+3,721+ 532,316 61+2,916 371,566 21+5,91+0 1,1+97,500 321,573 193,737 236,1+1+7 192,921+ 504,756 Ratio of total reserves to deposit and F.R.note liabilities combined 68,4 Contingent liability on bills purchased for foreign correspondents 4,669 72.7 69.2 355 65.1+ 1,^0 65.7 513 1+7U 71.6 62.1+ 133 173 70.1 70.3 622 61+.1 163 61+. 3 lll+ 133 62.0 66.5 133 351 MATURITY DISTRIBUTION OF BILLS At© SHORT TERM SECURITIES Total Bills discounted Bills bought in open market Certificates and bills Municipal warrants to, 313 10,163 302,370 5I+S Within 15 days 30,ll+6 1+,111 115,530 503 16 to 30 days 1,330 2,0l+S ^3,975 31 to 60 days 6,311+ 293 103,361 6l to 90 days 1,251 3,706 21,330 5 91 days to 6 months 181 287,1+91+ 35 Over 6 months 1+1 230,630 FEDERAL RESERVE TOTE STATEMENT OK APRIL 25, I93H (In thousands of dollars) Total Federal Reserve notes: Issued to F.R.bank "by F.R.Agent Held "by Federal Reserve bank Boston 3,310,532 261,170 280,316 12,625 3,030,216 242,5^5 In actual circulation Collateral 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 New York phila. Cleve. Rich. Atlanta 720,^59 258,850 317,1+so 151,'lug 1U7,86s 93,75^ 15,58^ 15,156 10,31+1 18,261+ 626,705 2U3,266 302,32*+ 11+1,077 129,601+ B-801d Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 808,238 139,016 100,278 llU.325 36,183 5,55s M S 7 7,769 772,055 133,^52 95,391 UU/4U6 2H6.9SU 5,152 1+9,01+3 106,556 39,291+ 197,9^1 * •• • Total collateral 2,989,271 261,117 25,296 1,363 331,^00 — 723,706 205,000 256,931 152,340 94,385 819 11,605 i+,339 1,662 1,086 55,000 50,000 60,000 — 3,3^5,967 262,1+30 735,311 259,339 31S,593 153,^26 150,204 79,615 102,290 1+3,675 188,763 391+ 1,812 9lU 3U9 271 6,000 22,1+00 15,000 58,000 1^0,330 102,286 117,639 1+5,1+87 21+7,677 7^7,513 133,936 682 65,000 813,195 FEDERAL RESERVE BJJIIK NOTE STATEMENT OF APRIL 25, I93U (In thousands of dollars) Federal Reserve bank notes: Issued to F#R.bank( outstanding) Held by Federal Reserve bank In circulation - net* Total Boston Few York Phila. Clevo. 95,727 18,020 3,5H 1,205 '47,333 U.515 16,035 8,792 77,767 2,306 1+2,873 7,2U3 13,355 1+75 12,8D0 Rich. Atlanta Chicago St.Louis 1,1+69 Minn. Kans.Cy. Dallas San Fran 2,1+02 185 3,639 — 609 1,721 — 2,217 3,030 2,733 — 306 3,228 212 1,257 Collateral pledged against * outstanding notes: Discounted and purchased bills U. S. Govt* securities Total 20 117,77^ 5,000 117,79^ 5,ox> — — - - — 11 15,000 2,000 1+9,271+ 16,500 15,000 2,011 16,500 ~ 9 5,000 5,009 — — — — 3,000 7,000 15,000 3,000 7,000 15,000 •Does not include $37,877,000 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