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STATEMENT FOB THE PRESS Released, f o r p u b l i c a t i o n Friday morning, ivlay 1; not e a r l i e r . B-329 F e d e f a l Reserve Board A p r i l 30, 1931. CONDITION OF FEDERAL RESERVE BANKS The 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 the week e n d i n g A p r i l 29, as r e p o r t e d by t h e F e d e r a l r e s e r v e banks, was $924,000,000, a d e c r e a s e of $ 4 l , 0 0 0 , 0 0 0 compared w i t h the p r e c e d i n g week and of $951000,000 compared with t h e c o r r e s p o n d i n g week i n 1930. On A p r i l 29 t o t a l r e s e r v e bank c r e d i t amounted t o $936,000,000, an i n c r e a s e Of $25,000,000 f o r the week. This i n c r e a s e c o r r e s p o n d s w i t h i n c r e a s e s of $28,000,000 i n member bank r e s e r v e b a l a n c e s and $13,000,000 i n money i n c i r c u l a t i o n , o f f s e t i n p a r t by i n c r e a s e s of $2,000,000 i n monetary gold s t o c k and $5,000,000 i n Treasury c u r r e n c y . Holdings of d i s c o u n t e d b i l l s i n c r e a s e d $7,000,000 a t t h e F e d e r a l Reserve Bank of San F r a n c i s c o , $5,000,000 a t C l e v e l a n d , $3,000,000 each a t Boston and P h i l a d e l p h i a and $20,000,000 a t a l l F e d e r a l r e s e r v e b a n k s . The System's h o l d i n g s of b i l l s bought i n open market i n c r e a s e d $18,000,000 and of T r e a s u r y c e r t i f i c a t e s and b i l l s $5,000,000, while h o l d i n g s of United S t a t e s bonds d e c l i n e d $6,000,000. 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 t h e week and t h e y e a r ending A p r i l 29, 1931, were as f o l l o w s ; I n c r e a s e or d ecreas e since Apr. 29 1931 Apr. 22 1931 Apr. 30 1930 ( 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 155 170 +20 +18 - 78 -r 40 59s 13 - 1 - 13 + 6s - 20 TOTAL RESERVE BAH CREDIT Monetary gold stock Treasury c u r r e n c y a d j u s t e d 936 4,721 1,783- ^ +25 + 8* +5-1 - 70 +231 - «6- 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,nonmember d e p o s i t s , e t c . 4, 62§~" 2,408 4os + 135 « + 28 +14^ ^ +23 - - 18 • A p r i l 22 f i g u r e r e v i s e d . 2 Released f o r p u b l i c a t i o n Friday morning, 1,1931; a o t e a r l i e r . 3 - 3 2Qa RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAHKS 001#BED ( i n thousands of d o l l a r s ) Apr. 29,1931 R Aor. 22,1931 Apr. 30, 1930 SOURCES 1,642,214 4l ,097 1,683,311 6-34,847 754,502 3,072,660 178,937 T o t a l gold r e s e r v e s , Reserves o t h e r than Cl old . , 3,174,709 177,359 1,782,614 32,529 1,815,143 557,493 790,187 3,162,823 183,527 T o ta l r e s e r v e s lion-reserve 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 . . « . . . Total b i l l s discounted . B i l l s "bought in open market . . . . U. S. Government s e c u r i t i e s : Bonds Treasury notes C e r t i f i c a t e s and "bills T o ta 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 3,352,ObS 70,673 3,346,350 72,118 3,251,597 61,468 93,683 155,151 44,415 90,835 105,979 127,473 135,250 151,611 233,452 209 , 564 60,457 52,229 65,711 52,232 175,491 Gold with F e d e r a l r e s e r v e a g e n t s . . . 1,782,3l4 Gold redemption f u n d w i t h U.S.Treasury 32,529 Gold h e l d e x c l u s i v e l y a g a i n s t F . R . n o t e s 1,814,843 joard Gold s e t t l e m e n t f u n d w i t h 5 >3,543 Gold and g o l d c e r t i f i c a t e s h e l d "by bank 806,323 Total 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 . . . S1. R. 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 promises All other resources TOTAL RESOURCES . 169,765 485,620 too,586 62,607 66,136 287,88 2 529,509 9,700 598,306 350 598,529 923,572 697 15,302 885,390 697 469,010 58,420 17,102 523,411 58,420 16,741 535,651 58,580 11,542 4,906,844 4,919,286 4,973,881 1,527,740 1,526,511 1,507,268 2,407,529 2,379,785 29,638 5,495 20,874 2,384,721 2,435,792 498,113 2,433,933 - 16,159 982,225 711 20,968 L I A B I L I T I E S 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 account . Government Foreign "bank Other d e p o s i t s T o ta l d e d o s i t s . . . . . . Deferred a v a i l a b i l i t y items C a p i t a l p a i d in Surplus All other l i a b i l i t i e s . . . TOTAL LIABILITIES . . . . 31,037 5,683 18,591 2,462,g4o 457,272 168,612 274,636 15,744 4,906,844 168,690 274,636 15,544 4,919,286 22,674 5,365 21,173 562,769 276,936 174,209 18,766 4,973,881 Ratio 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. note l i a b i l i t i e s combined 84.0$ 84.5$ 82.5$ Contingent l i a b i l i t y on "bills purchased for f o r e i g n correspondents . . . . 410,076 422,880 465,458 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAiTZS OH APRIL 29, 1931 ( i n thousands of d o l l a r s ) T o t a l Boston Hew York P h i l a . Clove. Rich. A t l a n t a Chicago S t . L o u i s Sold w i t h F e d e r a l r e s e r v e a g e n t s 1,782,314 146,917 361,919 160,000 192,550 84,070 139,400 276,900 69,830 Gold redemption fund w i t h U. S i T r e a s u r y 32,529 1,198 13, 244 1,105 2,537 699 1,021 3,985 1,520 RESOURCES Gold h e l d e x c l u s i v e l y a g a i n s t F. R. n o t e s Gold s e t t l e m e n t f u n d w i t h F.R.Board Gold and gold c e r t i f . h e l d "by hanks T o t a l Aold r e s e r v e s R e s e r v e s o t h e r t h a n gold Total reserves E o n - r e s e r v e cash B i l l s discounted: Secured by U , 2 , l o v t . 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 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 Treasury notes C e r t i f i c a t e s and b i l l s T o t a l U< S,. G-ovfc. s e c u r i t i e s Other s e c u r i t i e s T o t a l b i l l s and s e c u r i t i e s Due f r o m f o r e i g n banks F. R. 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 B-329b Minn. Kans.Cy. D a l l a s San Fran. 4$,815 65,000 24,100 215,763 669 1,349 764 4,438 161,105 195,087 84,769 140,421 280,885 7 l , 4 o o 46,484 66,349 24,864 220,201 53,683 43,314 15,602 17,367 114,121 23,910 11,939 15,77s 12,413 23,692 27,628 65,501 5,612 7,568 77,059 11,197 5 , i 6 8 11,090 4,989 35,725 3,174,709 211,420 1,088,36s 242,416 303,902 105,983 165,356 472,065 106,507 6 3 , 5 9 1 93,217 42,266 279,618 7,566 8,401 10,091 4,019 9,714 8 , 3 2 2 16,027 10,853 6 , 5 7 2 21,372 177,359 15,167 59,255 3,352,068 226,587 1,147,623 250,73s 319,929 116,836 171,928 493,437 116,221 67,610 100,783 50,667 289,709 70,673 7,722 18,488 3,662 3,997 4,595 4,529 9,890 5,126 1,862 1,912 3 , 5 8 4 5,306 ISO 8,534 61,468 792 473 3,137 6,535 5,165 17,139 7 , 2 8 2 10,247 1,625 359 13,421 11,462 6,726 11,418 9 , 9 6 2 7,134 5,036 3,156 7,832 7,723 4,650 93,683 5,163 3,624 3,629 8,173 7,903 13,184 30,560 18,744 16,973 13,043 10,321 13,669 155,151 10,328 8,015 4 , 9 4 4 8,276 5,042 17,378 43 6,907 19,744 105 20,082 169,765 17*566 61,663 666 1,202 319 60,457 7,499 379 10,192 16,523 520 1,325 253 20,590 989 1,110 623 602 10,545 4,6o6 11,380 3 , 8 7 4 1 , 5 0 2 490 1,972 11,549 3,976 52,229 485,620 43,478 154,810 43,757 45,624 15,168 8,628 58,566 19,257 17,504 32,291 18,409 28,128 182,713 49,352 57,693 16,983 12,755 81,128 23,899 25,605 33,780 29,224 38,992 598,306 46,182 1,814,843 148,115 553,543 31,754 800,323 31,551 350 923 , 5 72 697 15,302 469,010 58,420 17,102 375,163 189,970 523,235 350 74,076 53 258 57,199 3,458 391 4,906,s44 369,744 — 275,286 68,201 122,779 15,240 4,741 70 250 45,417 2,6I4 816 223 4,934 — - 94,74s 30,069 28 72 1,051 1 , 2 3 3 44,338 7,193 1,919 34,492 3,465 1,15S - - - 29,983 114,541 40,087 25 25 95 682 2,063 1,334 15,064 58,836 20,301 8,061 3,635 2,573 1,210 3,350 793 1,589,314 371,76s 473,247 191,876 228,786 687,716 187,287 - 34,178 - - - 50,680 42,169 69,554 4s 21 21 16 336 1,556 566 1,039 8 , 5 4 2 22,685 15,242 24,115 1,926 3,803 1 , 8 3 1 4,621 694 445 780 805 115,394 181,36s 114,630 395,714 RESOURCES AIJD LIABILITIES OF THE F-lS&Au teSSAY* BAHKS Oil APRIL 25, 1331 ( I n thousands of d o l l a r s ) T o t a l Boston Hew York P h i l a . Clove. Rich. A t l a n t a Chicago S t . L o u i s L I A B I L -1 T I B 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 d e p o s i t s 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 All other l i a b i l i t i e s B-329c Minn. ICans. Cy. Dallo.s San Fran. 136,231 262,977 135,459 184,147 76,214 130,0S1 221,725 74,712 47,434 64,490 27,380 160,890 £ 407,529 1 4o,l65 1,031,689 147,334 194-,607 61,209 62,951 343,807 72,365 47,738 80,822 55,375 169,467 864 1 ,S4o 2,313 744 31,037 2,074 11,178 1,899 1,514 3,137 2,107 2,005 1,362 ISO 118 149 154 350 206 185 695 5,683 386 2,231 509 520 i l l 38 6,389 130 265 18,591 69 8,335 94- 2,292 101 211 556 1;,462,84o 142,694 1,053,433 1 49,836 198,933 64,653 65,454 347,063 74,172 48,730 81,946 57,407 178,519 457,272 57,318 116,500 42,237 44,220 32,344 15,014 56,673 21,675 8,260 21,526 15,913 25,592 168,612 11,829 65,498 16,776 15,753 5,721 5,258 19,928 4,831 3,020 4,243 4,300 11,455 274,636 21,299 80,575 27,065 28,971 12,114 10,857 39,936 10,562 7,144 8,702 8,936 18,475 46l 806 694 783 15,744 373 4,331 395 1,223 830 2,122 2,391 1,335 L ,906,844 369,744 1,589,314 371,76s 473,247 191,876 228,786 687,716 187,287 115,394 181,36s 114,630 395,714 85.4 59.8 84.0 81.2 86.8 87.9 83.5 82.9 87.9 86.8 78.1 70.3 68.8 1 ,527,740 TOTAL LIABILITIES Reserve r a t i o (per c e n t ) 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 correspondents 410,076 31,150 131,390 41,118 41,948 16,613 14,952 56,070 14,537 9,552 12,044 12,46o 28,242 FEDERAL RESERVE NOTE STAIEI.-IENT Federal reserve notes: Issued t o F.R,bank by F.R.Agent 1,932,278 162,521 4o4,538 26,290 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 1,527,740 136,231 C o l l a t e r a l h e l d by a,,ent as s e c u r i t y f o r notes i s s u e d t o bank Gold and gold c e r t i f i c a t e s 612,034 32,300 Gold f u n d - F. R. Board 1,170,280 Il4,6l7 E l i g i b l e paper 300,969 27,836 Total c o l l a t e r a l 268,977 135,459 184,147 76,214 130,081 221,725 74,712 47,434 64,490 27,380 160,890 351,919 38,700 12,550 10,070 9,4oo 73,900 14,080 6,815 7,3oo 55,000 10,000 121,300 iso.ooo 74,000 130,000 203,000 55,800 39,000 65,000 16,800 160,763 76,937 16,877 33,778 12,804 16,795 33,176 15,223 8,323 l6,4lo 12,459 30,351 2,083,283 174,753 438,856 176,877 226,328 96,874 156,195 310,076 85,103 54,138 81,410 36,559 246,114 Total B i l l s discounted B i l l s bought in open market C e r t i f i c a t e s and b i l l s 396,376 162,777 212,103 86,111 155,966 285,943 83,920 52,508 70,112 34,638 229,303 127,399 27,318 27,956 9,897 25,885 64,218 9,208 5,074 5,622 7,25s 68,413 155,151 169,765 485,620 Within 15 days 98,316 101,395 5,000 MATURITY DISTRIBUTION OF BILLS A2ID SHORT TERM SECURITIES 91 days t o l 6 t o 30 days 31 to 60 days 6 l t o 90 days 6 months 12,065 27,321 19,200 19,123 22,301 89,716 13,143 18,440 45,300 Over 6 months 10,277 2,227 149,717 176,687 308
@FedFRASER