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STATEMENT FOR THE PRESS Released for publication Friday morning, .Apr, 6; not earlier# B-301 Federal Reserve Board April 5, I93U. CONDITION OF FEDERAL RESERVE BANES The daily average volume of Federal Reserve bank credit outstanding during the week ended April H, as reported by the Federal Reserve banks, was $2t535»OOOfOOO, an increase of $12,000,000 compared with the preceding week and a decrease of $70,000,000 compared with the corresponding week in 1933* On April k total Reserve bank credit amounted to $2,509»000,000f a decrease of $10,000,000 for the week* This decrease corresponds with a decrease of $27t000,000 in nonmember deposits and other Federal Reserve accounts and increases of $22,000,000 in monetary gold stock and $13,000,000 in Treasury*and national bank currency, offset in part by increases of $35*000,000 in money in circulation, $11,000,000 in member bank reserve balances and $5»000,000 in Treasury cash and deposits with Federal Reserve banks* The System*s holdings of bills discounted declined $5,000,000, of bills bought in open market $3,000,000, and of Treasury certificates and bills $9,000,000, while holdings of United States Treasury notes increased $9,000,000* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended April H, 193^» as follows: Increase or decrease since ^pr. k Mar. 2S 193^ Apr. 5 1933 . (In millions of dollars) Bills Bills U. S. Other discotinted bought Government securities Reserve hank credit US 26 2.U32 U -5 -3 -1 -393 -260 +595 -11 TOTAL RESERVE BANK CREDIT Monetary gold stock Treastiry and national bank currency 2,509 7,703 2,369 -10 +22 +13 -70 +3,707 +72 Money in circulation Member bank reserve balances Treasury cash and deposits with F.R.banks Nonmember deposits and other F,R, accounts 5,371 3,^0 3,323 H-37 +35 +11 + 5 -27 -£03 +1,^7*+ +2,S82 JJ-5 — B-SOla Heleased for publication Friday morning, April 6,193*+;' not earlier, ASSETS A1TD LIABILITIES OE THE TWELVE EEDEHAL RESERVE BAMS COMBINED (In thousands of dollars) Mar. 28,1931+ Apr. Apr. 5,1933 ASSETS Gold certificates on hand and due from U. S. Treasury Gold Redemption fund- E. R. notes . . Other cash . Total reserves . . . . Redemption fund - F, R. bank notes Bills discounted: Sec. "by U.S. Government obligations Other hills discounted ...... Total hills 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 . , F. R. notes of other banks Uncollected items . . . . Bank premises Fed. Dep. Ins. Corp. stock All other assets TOTAL ASSETS . . . ^,309,575 U,221,197 33,7*+9 32,911 220,886 U,53l+,991+ 913,536 2,288,822 76,1+79 319,655 3.59S,1+92 9,038 1,100 13,592 38,987 52,579 11+0,51+3 300,522 1+1+1,065 29,359 285,973 l+,55s,502 8,513 12,21+1+ ^7,529 26,0*15 ^2,795 1,222,681 766,256 2,1*31,762 561 2,505,299 3,131 16,551 1+27,93s 52,503 69,650 7,691+,036 ljl+2,928 l,2ll+, 2I+6 77*+>712 2,1+31,886 561 2,511+,3S7 3,131 1+21,77*+ !+57,871 957,723 1,837,368 5t5l«L 2,569,9^7 3,620 15,876 2l+,2ll 395,8UU 52,1+32 69,650 321,1+30 5^,123 1+9,910 52^599 7,6145,262 6,625,522 2,997,036 3,61+1+437 L I A B I L I T I E S F« 3. notes in actual circulation . . . 3,032,016 F. R. bank note circulation - net . . . 106,552 Deposits: Member bank - reserve account . . . . 3,^9,303 Government . • . • • • •• 66,SS3 5,0^9 Foreign bank . . ..... Special deposits - menber bank . . . 20,996 no rmemb er b &nk # 9;953 10U,109 Other deposits • Total deposits • . . » • • 3.656.79a Deferred availability items U27fSBk Capital t)aid in . . . • .. 146,273 Surplus . . . . • • • * « • . » « . . . 138.363 ^Subscription for Fed. Dep. Ins. Corp. stock:» Paid 69,650 Called for payment on Aoril 15 . . . 69,650 All other liabilities >6,730 TOTAL LIABILITIES 7,691+, 036 Batio of total reserves to deposit and F.R.note liabilities combined . . . . Contingent liability on bills purchased for foreign correspondents . . . . . 68.2$ !+,77i 122,71+3 3,U3S,9i+8 56,1+1+3 6,13s 15,930 1,975,731 85,596 10,935 69,3^+2 17,1+66 22,31+7 10,952 121,921+ 3,6^,752 39U,i+6g 11+5,586 138,32!+ 69,650 69,650 50,993 7,61+5,262 68.2$ *+,935 . 36,98^ 2,196,055 3l£,7*+5 ii+9,6i7 278,599 25,1+39 6,625,522 61.6$ 50,330 ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 4, 1934 (In thousands of dollars) ASSETS Total Boston Hew York Phila. Cleve. Gold certificates on hand and due from U. S. Treasury Redemption fund - F. R. notes Other cash Total reserves Redemption fund - F.R.bank notes Bills discounted: Sec. by U.S.Govt, obligations Other bills discounted 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 P. R. notes of other banks Uncollected items Bank premises Fed. Dep. Ins. Corp, stock All other assets TOTAL ASSETS Rich. Atlanta 4,309,575 341,390 1,361,201 282,67s 340,857 136,084 124,197 3,334 3,455 1,913 3,035 33,749 2,739 2,853 215,173 16,263 52,168 35,662 14,677 9.156 11,110 4,558,502 360,392 1,416,222 321,724 353,989 197,158 133,342 2,452 858 1,215 269 3,513 1,250 12,244 35,285 824 1,086 2,303 6,793 l4,si4 12,421 47,529 1,910 4,420 21,607 14,724 2,563 2,402 1,843 2,042 442,795 24,4oo 1,222,681 81,726 766,236 51,555 163,251 333,165 26,045 2,431.762 157,6ol 563 — 2,505,399 164,011 237 3,131 16,551 335 427,933 48,441 52,503 3,224 69,650 5,H5 912 51,3% 545 2,018 28,070 32,159 333 1,377 1,710 g6o Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 882,685 166,996 103,553 156,995 93,194 269,745 692 5,064 7,333 1,221 777 1,273 9,584 6,331 11.123 28,713 9,935 10,406 918,736 173,202 115,232 167,356 100,217 285,932 — 967 734 247 1 659 660 1S6 690 1,236 164 128 876 931 2,203 2,333 292 821 14,127 13,033 35,276 110,904 48,709 44,sso 235,339 53,774 69,961 30,727 28,314 736,755 167,120 213,024 93,563 86,227 510 53 — 810,817 134,197 217,629 96,133 88,034 342 300 110 1,194 119 1,074 5,762 377 825 1,199 109,032 36,578 40,242 34,893 15,229 11,434 4,077 6,788 3,128 2,372 21,265 2,904 2,636 7,310 7,073 5,285 1,482 2,935 33,529 2,055 B-SOlb 76,949 14,494 23.8,213 48,261 142,131 30,445 437,343 93,300 — 250 764 313 157 128 386 313 157 6,954 514 1,910 — _ 856 673 474 — — 16,302 15,620 19,280 25,110 30,229 47,720 32,004 86,594 19,06s 30,104 20,191 54,627 65,599 93,444 71,475 166,331 — — 441,879 94,313 66,932 94,613 73,586 168,755 4i4 10 88 S3 222 7 947 366 1,34s 306 2,357 1,155 54,105 19,593 10,761 23,089 14,50s 21,462 7,332 3,111 1,657 3,485 1,755 4,090 2,066 2,180 4,925 9,374 2,5,47 1.755 1,456 596 342 1,252 712 793 7.694,036 533,917 2,411,707 560,748 634,543 337,469 251,126 1,436,703 300,007 193,209 292,891 193,907 487,809 ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 4, I93H (In thousands of dollars) L I A B I L I T I E S Total Boston New York Phila. Cleve. Rich. Atlanta 3,032,016 240,945 629,735 241,071 294,606 146,026 127,763 F.R.notes in actual circulation 46,187 13,686 13,412 — 1,308 106,552 8,927 F.R.barik note circulation - net Deposits: 3,41*9,803 248,651 1,401,688 205,93s 227,849.131,478 77,490 Member "bank - reserve account 66,823 396 25,646 2,831 7,74o 834 2,693 Government 5,(^9 44i 1,03s 633 233 5S9 215 Foreign bank 108 1,405 4,589 2,931 1,121 20,996 Special deposits: member "bank 1,015 1,801 107 9.95S 91 621 no member bank 32,212 9,71^ 4,015 5.3S9 7,563 104,109 3,613 Other deposits B—801c Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 771,166 134,810 96,962 108,275 40,212 200,445 5,856 3,002 4,287 3,396 6,491 539,324 105,55s 65,079 130,33^ 116,577 5,539 2,35^ ^,905 3,35S 1,3^3 202 773 l4i 172 172 597 5,^31 666 1,201 315 5,505 193 2,126 9,426 5,294 8,562 1,710 553,193 123,642 76,273 143,627 120,117 54,231 19,71^ 10,916 24,007 15,931 12,665 3,9^2 2,846 4,145 3,953 20,681 4,756 3,420 3,613 3,683 199,S37 9,244 435 1,171 625 14,485 225,797 23,013 10,655 9,645 Total deposits 3,656,79s 253,209 1,463,004 225,511 243,215 139,676 39,529 427,9S4 48,664 102,607 33,349 39,536 34,560 14,906 Deferred availability items 59,700 15,625 12,686 4,963 4,417 146,273 10,671 Capital paid in 5,145 9,610 45,217 13,352 14,090 5,171 Surplus 13S,3S3 Corp. stock: Subscription for Fed. Dep. Ins. 2,066 2,180 4,925 2,904 2,636 21,265 7,310 7,073 69,650 5,H5 9,S7H 2,5^7 1,755 Paid 2,904 2,636 2,066 2,180 4,925 21,265 9,874 69,650 2,5^7 1,755 Called for payment on April 15 5,H5 7,310 7,073 2,736 2,852 5,019 805 7,200 1,913 1,661 16,727 1,265 2,193 1,275 46,730 All other liabilities 3,03^ 7,69^,036 583,917.2,411,707 560,748 63^,5^3 337,^69.251,126 1,436,703 300,007 193,209 292,391 193,907 487,309 TOTAL LIABILITIES Ratio of total reserves to deposit and 66.4 62.5 67.1 6S.9 66.5 69.0 69.0 69 .H 66.7 63.7 67.7 72.9 F.R.note liabilities combined 68.2 Contingent liability on bills pur622 138 114 138 474 1,542 13S 163 173 351 355 513 chased for foreign correspondents 4,771 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Bills discounted Bills bought in open market Certificates arid bills Mianicipal warrants Total Within 15 days ^7,529 26,045 766,286 32,99S 13,193 65,33S 563 RIO l6 to 30 days 4,160 7.SS4 107,179 31 to 60 days 4,792 3,442 55,075 6l to 90 days 5,330 1,526 116,816 17 91 days .to 6 months 219 205,194 36 Over 6 months 30 216,6s4 FEDERAL RESERVE NOTE STATEMENT OH APRIL 4, I93U (In thousands of dollars) Total Boston New York Phila. Federal Reserve notes: Issued to F.R.bank by T.R.Agent 3,310,969 Held "by Federal Reserve "bank 273,953 In actual circulation 3,032,016 Collateral held by agent as security for notes issued to bank;» Gold certificates on hand and due from U. S, Treasury 2,924,345 47,06s Eligible paper 376,000 U. S. Govt, securities Cleve. Rich. Atlanta 257,916 lS,971 728,U62 257,365 3lO,6oH 153,852 1^6,83^ 98,727 l6,29U 15,992 7,826 19,071 2^0,9^5 629,735 241,071 294,606 146,026 127,763 256,672 5,852 723,706 231,200 254,686 139,675 95,385 1,197 i*,39i 6,wi 3,144 1,680 20,000 55,000 15,000 52,000 , 738,097 257,6U1 313,030 156,355 1 48,582 B-SOld Chicago St.Louis Minn. Xans.Cy. Dallas San Fran* 208,093 139*7^2 101,699 115.189 ^ 0 7 2 2^47,121 3^,927 ^,952 ^,737 6,91^ 3,8bO ^6,676 771,166 134,810 96,962 108,275 1+0,212 200,41+5 • Total collateral — 3,3^7,^13 262,52k 679,213 127,936 79,9W 109,290 38,675 127,763 9bl 8^2 2,790 978 1,829 6,963 8,000 131,000 13,000 22,00" 6c,000 — 313,003 l4l,9l4 102,736 118,251 1+5,638 249,592 FEDERAL EE SERVE BANK ITOTE STATEMENT Oil APRIL 4, I93I+ (in thousands of dollars) Total Boston iTew York Phila. Federal Reserve bank notes: Issued to F. R.3 ank( outstanding) Held by Federal Reserve bank In circulation - net* 120,386 13,S3^ 106,552 9,771 844 8,927 48,186 21,035 1,999 7,3^9 H6,1S7 13,686 Clove. Rich. Atlanta Chicago St.Louis Minn. Xans.CF. Dallas San ]Praa 13,950 53S 13,412 1,1+69 161 6,13U 278 3,372 370 1,308 5.S56 3,002 955 11 2,000 — 2,011 — 4,402 115 l+,287 4,113 717 3,396 7,95^ 1,^63 6,1+91 Collateral pledged against outstanding notes: Discoimted and purchased bills U. S. Govt, securities 150,77^ 10,000 1+9,27!+ 26,500 Total 151.7^0 10,000 U9,27U 966 — — 15,000 26,500 15,955 " — — — 5,000 7,000 15,000 11,000 10,000 5,000 7,000 15,000 *Does not include $70,078,000 of Federal Reserve bank notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States. — 11,000 10,000
@FedFRASER