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STATEMENT foe the press Released f o r p u b l i c a t i o n F r i d a y morning, Aor. 29; not e a r l i e r . --756 F e d e r a l Reserve Board A p r i l 23, 1912 CONDITIO? 0? FEDERAL RESERVE BA^CS Tne d a i l y average volume of F e d e r a l r e s e r v e bank c r e d i t o u t s t a n d i n g d u r i n g tne weuk ending A p r i l 27, as r s n o r t e d by the F e d e r a l r e s e r v e b a n k s , was ,759»000,000, an i n c r e a s e of $46,000,000 compared with t h e p r e c e d i n g week and of $835,000,000 compared with t h e c o r r e s p o n d i n g week i n 1931. On A p r i l 27 t o t a l r e s e r v e bank c r e d i t amounted to $ 1 , 7 ^ 5 , 0 0 0 , 0 0 0 , an i n c r e a s e of $S5iOvO,000 f o r tne week. This i n c r e a s e corresponds w i t h an i n c r e a s e of $135,000,000 i n member bank r e s e r v e b a l a n c e s and a d e c r e a s e of $9,000,000 in monetary g o l d s t o c k , o f f s e t i n p a r t by d e c r e a s e s of $27,000,000 in money i n c i r c u l a t i o n nr.d $4,000,000 i n unexpended c a p i t a l f u n d s , no::member deposits, e t c . , and an i n c r e a s e of $29,000,000 i n Treasury c u r r e n c y , a d j u s t e d . Holdings ol d i s c o u n t e d b i l l s d e c l i n e d $9,000,000 each a t the F e d e r a l Reserve Banks of Cleveland and San F r a n c i s c o , $6,000,000 a t A t l a n t a and $33,000,000 a t a l l F e d e r a l r e s e r v e 0antes. The System's h o l d i n g s of b i l l s bought i n open market d e c l i n e d $ 3 , 0 0 0 , 0 0 0 , while h o l d i n g s of United S t a t e s T r e a s u r y n o t e s i n c r e a s e d $10,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $ 1 0 3 , 0 0 0 , 0 0 0 . Changes i n the amount of r e s e r v e bank c r e d i t o u t s t a n d i n g and i n r e l a t e d items d u r i n g the week and t h e year ending A p r i l 27, 1932, were as f o l l o w s : I n c r e a s e or d e c r e a s e since Aor. 27 1932 Anr. 20 1932 Anr. 29 1931 ( i n m i l l i o n s of d o l l a r s ) B i l l s discounted B i l l s bought United S t a t e s s e c u r i t i e s Other r e s e r v e bank c r e d i t 532 ''45 1 ]_qj_ 17 - 33 - 3 +113 + 0 TOTAL RESERVE BA"1( CREDIT Monetary gold s t o c k Treasury c u r r e n c y a d j u s t e d 1,735 11)360 1,753 + 25 - 9 + 29 -t- 377 124 593 + 4 •f 849 353 + 4 Money i n c i r c u l a t i o n Member bank r e s e r v e b a l a n c e s Unexpended c a p i t a l funds,nonmomber d e p o s i t s , e t c . 5,393 - 27 +135 - 4 777 254 16 2,114 424 - - Released f o r p u b l i c a t i o n F r i d a y morning, Aprjl 29,1932; not earlier. E~756a RESOURCES AKD LIABILITIES OF THE TWELVE FLPEiiAL E3SE371 BA/^KS COMBINED ( i n thousands of d o l l a r s ) Apr. 27,1932 Apr. 20,1932 Apr. 29,1931 R E S O U R C E S Gold w i t h F e d e r a l r e s e r v e a g e n t s . . . Gold redemption f u n d w i t h U . S . T r e a s u r y 2,265,856 36,100 2,223,947 41,070 1,782,31% 32,529 £oia held e x c l u s i v e l y a g a i n s t F.R.notes 2,305,956 Gold s e t t l e m e n t f u n d w i t h F . R. Board . 311,873 Gold and g o l d c e r t i f i c a t e s h e l d by banks 394,700 2, 265,017 297,297 46l,4l5 1,814,843 5^31KLI-J 306,123 Total_gold reserves . . . . . . Reserves o t h e r t h a n g o l d 3,014,534 218,502 3,023,729 212,969 3.17^^709 177,359 Totalj^serves N o n - r e s e r v e cash B i l l s discounted: Sec. by U . S . Government o b l i g a t i o n s Other b i l l s d i s c o u n t e d 3,233,036 30,448 3,236,698 76,315 3^352^5 70,673 239,458 292,366 267,366 297,157 6l,46S 93]653 531,824 45,874 564,523 48,547 155,151 346,399 346,198 Total b i l l s discounted B i l l s bought i n open market U. S. Government s e c u r i t i e s : Bonds Tr0asury n o t e s C e r t i f i c a t e s and b i l l s . 169,765 60,457 95,447 749,386 85,446 646,486 R2 229 485,620 T o t a l U . S . Government s e c u r i t i e s . Other s e c u r i t i e s 1,191,232 H.S15 1,078,130 4,501 598,306 350 T o t a l b i l l s and s e c u r i t i e s . . Due from f o r e i g n banks F . R. n o t e s of o t h e r b a n k s Uncollected items Banjc p r e m i s e s All other resources 1,773,745 1,695,701 6,683 923,572 TOTAL RESOURCES 5,695 l4,9l4 347] 115 57,855 35,100 697 16,305 388!362 57,855 34,118 15,302 469,'010 58,420 17,102 5,548,108 5,512,537 4,906,844 2,526,572 ' 2,544,764 1,527,740 2,114,423 49,155 49,593 21,024 1,378,642 78,334 47,317 27,078 2,407,^29 2,234,200 341,313 155,240 259,421 2,131,371 390,708 155,376 259,421 2,462,240 457,272 163,612 274,636 15,744 L I A B I L I T I E S F. R. n o t e s i n a c t u a l c i r c u l a t i o n . . Deposits: Member bank - r e s e r v e a c c o u n t . . . Government F o r e i g n bank Other d e p o s i t s Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus . AH other l i a b i l i t i e s . . . . TOTAL LIABILITIES . . . . 31,357 5,548,108 30,897 5,512,537 31,637 5,681 18,591 4,906,844 R a t i o of t o t a l r e s e r v e s to d e p o s i t and F . R. n o t e l i a b i l i t i e s combined . . 67.9$ 69,2$ 84.0$ Contingent l i a b i l i t y on b i l l s p u r c h a s e d for foreign correspondents 297,735 308,843 410,076 RESOURCES AID LIABILITIES OF THE FEDERAL RESERVE BAMS OF APRIL 27, 1932 ( i n thousands of d o l l a r s ) B-756t T o t a l Boston >Tew York P h i l a . Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San F r a n . Gold w i t h F e d e r a l r e s e r v e a g e n t s 2,263,256 167,627 524,726 192,300 234,970 74,620 98,775 567,395 S0,845 62,745 66,080 29,010 170,763 Gold redemption f u n d w i t h U . S . T r e a s u r y 36,100 1,869 8,256 3,267 3,977 1,383 2,192 3,64-5 1,920 489 2,457 95® 5,083 Gold h e l d e x c l u s i v e l y a g a i n s t F . Ft. n o t e s 2,305,956 169,496 532,982 196,167 238,947 76,003 100,973 571,o4o 82,765 63,234 68,537 29,966 175,846 Gold s e t t l e m e n t f u n d w i t h 3P.R. ?oar( * 6,442 313,373 133,670 4,231 3 , 3 6 1 35,559 9,654 64,916 6,079 2,902 7,409 5,937 27,712 2-oId and g o l d c e r t i f . h e l d by t a n k s 394,700 19,221 251,077 12,681 17,735 6,622 7,916 27,929 11,853 2,952 13,103 3,942 19,657 T o t a l gold r e s e r v e s 3,014,534 195,165 917,729 212,209 292,241 86,862 118,543 663,885 100,697 75,088 89,049 39,851 223,215 Reserves o t h e r than gold 218,502 21,684 6,051 25,622 10,525 4,067 6,975 11,405 12,144 59,329 28,753 18,600 13,347 Total reserves 3 , 2 3 3 , 0 3 6 216,249 977,058 240,962 310,241 100,209 124,594 689,507 111,222 79,155 96,024 51,256 235,359 ^on-reserve cash 20,44s 6,852 23,677 3,653 3,820 4,315 5,415 13,602 3,826 2,025 2,222 4,312 6,724 B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s 239,45s 18,205 69,450 23,635 31,054 4,869 8,325 20,555 8,451 1,605 5,457 3,394 44,458 Other t i l l s d i s c o u n t e d 292,366 14,299 8,591 25,190 10,862 43,977 35,389 44,171 39,065 20,484 25,932 18,436 5,970 Total t i l l s discounted 531,824 32,504 104,339 67,806 70,119 25,353 34,257 38,991 14,421 10,196 30,647 14,256 88,435 I i l l s bought ir. open riarket 1,496 1,566 7,252 45,874 2,415 222 2,604 13,500 5,404 3,122 1,552 3,407 2,374 IT. S. Government s e c u r i t i e s : Bonds 346,399 26,847 130,534 23,192 26,422 7,695 16,929 16,863 5,340 57,119 11,674 15,946 7,772 Treasury n o t e s 6,494 4 I , I 4 7 8,OOS 1,448 1,446 95,447 11,678 3 , 1 2 0 2 , 3 2 1 2,636 1,973 5,209 9,857 C e r t i f i c a t e s and t i l l s 8,902 32,312 749,356 32,815 412,175 62,013 67,437 13,613 5,944 73,991 16,120 9,509 14,555 T o t a l U.S.Govt, s e c u r i t i e s 1,191,232 66,156 583,856 93,213 103,722 22,831 12,732 142,782 30,974 27,776 24,936 27,864 54,384 Other s e c u r i t i e s — 4,215 78 3,152 1,585 RESOURCES - T o t a l t i l l s and s e c u r i t i e s Sue from f o r e i g n t a n k s H. n o t e s of o t h e r banks U n c o l l e c t e d items Bank p r e m i s e s All other resources TOTAL RESOURCES 1,773,745 101,075 5,695 14,914 347,315 57,855 35,ioo 457 325 41,598 3,336 1,647 5,548,102 166,011 176,963 50,55s 620 2,038 229 578 705,647 3,929 278 14,513 9 08 92,009 29,564 14,817 2,651 1,226 31,250 7,963 1,700 372,139 1,239,688 444,652 534,401 - - 994 27,670 3,609 5,003 49,593 187,183 46,947 806 212 21 1,224 1,764 763 9,329 41,426 14,232 2,488 3,461 7,827 3,663 1,714 1,432 38,932 13 400 6,170 1,834 1,345 150,071 57,079 43,68b 1,484 17,392 3,649 1,097 2,103 ll,06s 19,607 166 160 364 1,737 1,284 395 4,433 794 192,527 196,057 943,829 182,365 129,874 179,113 113,917 419,486 L I A B I L I T I E S F.R.notes in actual c i r c u l a t i o n Deposits: Member "bank - r e s e r v e account Government F o r e i g n "bank Other d e p o s i t s RESOURCES'AED-'LIABILITIES' OF THE 'FEDERAL RESERVE' BA^XS OF APRIL 27, I932 ( I n thousands of d o l l a r s ) 3-756b T o t a l Boston Hew York P h i l a . Cleve. Rich, A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San Fran. 2,526,572 176,50% 561,429 249,145 290,945 92,885 115,547 542,094 89,922 70,721 80,205 36,959 220,216 2,114,423 117,215 1,000,888 114,912 143,584 49,938 47,297 293,334 56,686 49,155 180 13,909 2,524 16,313 3,229 2,630 370 2,309 49,598 3,9^7 14,597 5,349 5,245 2,077 1,921 6,959 1,818 21,024 82 10,780 122 2,4l6 124 171 Total deposits 2,234,200 121,424 1,040,174 122,907 167,558 55,368 52,019 D e f e r r e d a v a i l a b i l i t y items 341,318 4i,606 93,858 28,066 31,139 26,507 10,554 Capital paid in 155,240 11,533 59,166 16,231 14,225 5,233 4,884 Surplus 259,421 20,039 75,077 26,486 27,646 11,483 10,449 All other l i a b i l i t i e s 31,357 1,033 9,984 1,817 2,894 1,111 2,6o4 TOTAL LIABILITIES 5 , 5 4 8 , 1 0 8 372,139 1,839,688 444,652 534,401 192,537 196,057 Reserve r a t i o ( p e r c e n t ) 67.9 72.8 61.0 64.8 67.8 67.6 74.4 Contingent l i a b i l i t y on b i l l s p u r chased f o r f o r e i g n c o r r e s p o n d e n t s 297,735 22,531 97,918 30,536 29, 11,859 10,969 Federal reserve notes: I s s u e d to F . R . h a n k by ? . R . a j e n t Held by F e d e r a l r e s e r v e bank In a c t u a l c i r c u l a t i o n C o l l a t e r a l h e l d by agent a s s e c u r i t y f o r n o t e s i s s u e d to bank Gold and gold c e r t i f i c a t e s Gold f u n d - F . R. Board E l i g i b l e paper Total c o l l a t e r a l 543 273 824 301,206 40,851 14,967 17,360 39,652 i,o4o 1,142 4,486 2,54s 1,454 1,098 6,522 8,595 FEDERAL RESERVE FOTE STATEMENT 616,22; 54,793 2,526,572 176,504 966,726 47,010 1,303,130 120,617 539,668 32,556 2 , 8 0 9 , 5 2 4 200,183 132,636 72,391 92,293 42,149 259,242 4,649 1,670 12.088 5,190 39.026 561,429 249,145 290,945 92,885 115,547 542,094 89,922 70,721 80,205 36,959 220,216 2 , 7 6 2 , 6 7 4 196,068 236,102 19.564 Total 3,583 4,520 8,301 20,456 260,011 304,850 100,732 10,866 13,905 7,853 17,089 591,503 49,409 94,571 484,726 73,400 71,970 12,520 14,275 123,395 15,745 13,145 9 , 2 8 0 12,260 89,000 4o,ooo 118,900 163,000 62,100 34,500 444,000 65,100 49,600 56,800 16,750 81,763 107,409 67,782 69,911 26,342 34,711 39,915 13,922 9,812 29,910 14,586 92,812 632,135 260,082 304,881 100,962 133,486 607,310 94,767 72,557 95,990 43,596 263,575 MATURITY DISTRIBUTION OF BILLS AH) SHORT TEH!SECURITIES B i l l s discounted B i l l s bought i n open market C e r t i f i c a t e s and b i l l s Municipal w a r r a n t s 2,545 4,094 3,976 11,117 8,124 7,624 17,707 1,322 2,204 1,549 i O I _ 2,095 182,365 129,874 1 7 9 , H 3 113,917 419,486 73.4 70.2 64.2 58.1 63.7 39,726 10,376 81.8 46,113 132,622 2,935 6,356 943,829 1,550 1,506 71 51,213 149 ,,270 6,198 16,550 12,050 18,972 10,025 38,411 3,907 66,182 531,824 45,874 749,326 4,215 Within 15 days 388,169 8,567 24,855 3,202 l 6 to 30 days 35,894 10,769 53,591 1,388 , c.. , , 91 days t o 31 to 60 days 61 to 90 days g months 50,743 6,988 99,050 52 37,239 19,280 152,525 110 16,312 270 301,096 63 Over 6 months 3,467 118,269
@FedFRASER