The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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, Ap,r. 1; not e a r l i e r . B-730 F e d e r a l Reserve Board March 31, 1932. 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 ending March 30, a s 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 $1,599,000,000, an i n c r e a s e of $3,000,000 compared with t h e p r e c e d i n g week and of $680,000,000 compared w i t h t h e c o r r e s p o n d i n g week i n 1931« On March 30 t o t a l r e s e r v e bank c r e d i t amounted to $ 1 , 5 8 7 , 0 0 0 , 0 0 0 , a d ecre a s e of $10,000,000 f o r the week. This d e c r e a s e corresponds w i t h a d e c r e a s e of $44,000,000 i n money i n c i r c u l a t i o n and an i n c r e a s e of $ 7 , 0 0 0 , 0 0 0 i n monetary gold s t o c k , o f f s e t i n p a r t by a d e c r e a s e of $-3^000,000 i n T r e a s u r y c u r r e n c y , a d j u s t e d , and an i n c r e a s e of $25,000,000 i n unexpended, c a p i t a l f u n d s , nonmember d e p o s i t s , e t c . \ Xj 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 $5,000,000 a t the F e d e r a l Reserve Bank of New York, and d e c r e a s e d $19,000,000 a t Cleveland, $13,000,000 a t P h i l a d e l p h i a , $4,000,000 a t Chicago and $33»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 d e c l i n e d &lo,000,000, while h o l d i n g s of U n i t e d S t a t e s bonds i n c r e a s e d $9,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $28,000,000. Changes i n t h e 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 the y e a r ending March 30, 1932, were a s 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 Mar. 30 1932 Mar. 23 1932 Apr, 1 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 633 66 33 — 16 — + — 872 16 + + 37 l + + TOTAL RESERVE BAM 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 1,587 4,388 10 7 + + 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 . 5,436"? 1,911 405 1,131-to 1%-lJU - -¥r vf — + — ~ + mmm 25 — 469 101 274 1 644 310 l 816 481 2 Released f o r p u b l i c a t i o n F r i d a y morning, A p r i l 1,1932; not e a r l i e r . 3-730a RESOURCES AH) LIABILITIES OF THE TWELVE ^EBEEAI, T<SBK7E BAfXS CO;~I!"ED ( i n thousands of d o l l a r s ) Mar. 30,1932 Mar. 23,1932 Apr. 1, 1931 RESOURCES Gold with F e d e r a l r e s e r v e a g e n t s . . . . Gold redemption fund with U.S. Treasury Gold hold 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 fund with F.R. Board Gold and gold c e r t i f i c a t e s h e l d "by banks Total gold r e s e r v e s Reserves o t h e r than gold 2,188,647 44,895 2,192,547 1,725,124 32,648 2,233,5^2 2,240,957 282,579 433,551 3,007,487 1,757V772 508,972 848,452 3,115,202 210,896 180,008 3,234,567 79,131 3,218,323 76,575 3,295,210 73,954 . 312,935 314,320 341,647 323,936 57,747 105,883 Total b i l l s d i s c o u n t e d . . . B i l l s bought i n open market U. S. Government s e c u r i t i e s : """ends Treasury n o t e s C e r t i f i c a t e s and b i l l s 633,255 163,630 66,362 665,583 81,696 327,667 312,732 66,600 63,226 ' To t a l r e s e r v e s Mon-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 T o tal U.S.Government 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 from f o r e i g n banks F. R. n o t e s of o t h e r banks . . . . . . Uncollected items Bank premises All o t h e r r e s o u r c e s 293,292 490,923 3,017,757 216,810 84,397 459,554 871,618 6,911 1,578,146 6,545 4g,4l0 166,622 23,896 432,370 468,537 234,992 592,363 6,991 1,539,268 6,629 - 928,615 707 13,608 501,567 351,552 57,223 36,327 14,009 343,167 57,228 36,143 5,332,632 5,342,002 4,889,616 2,546,275 2,572,815 1,497,211 1,911,496 52,572 31,249 23,325 1,910,603 43,340 2,391,214 29, l.4o 2,018,642 329,416 155,624 259,421 1,923,150 341,612 156,027 29,260 259,421 28,977 2,446,218 487,611 168,825 274,636 14,515 5,332,63s 5,342,002 4,829,616 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 . . . 10.3$ 10 M 23.53 'Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n correspondents 335,425 334,881 430,784 TOTAL RESOURCES 14,376 • 52,332 17,617 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 account . . . . Government Other d e p o s i t s . . . . . Total d e p o s i t s 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 . . . . . TOTAL LIABILITIES 10,874 12,333 5,151 20,113 RESOURCES AZD LIABILITIES OF T7TE FEDERAL RESERVE BAFKS OM MARCH 30, 1932 ( I n thousands of d o l l a r s ) B-730b T o t a l Boston Few 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 F r a n . Gold with F e d e r a l r e s e r v e a g e n t s • 2,188,64? 159,627 493,21? 191,300 230,970 73,170 100,775 55%,920 77,120 60,445 64,020 33,260 l 4 9 , ? 6 3 Gold redemption fund with U.S.Treasury 44,895 2,236 9,855 6,326 5,707 1,807 2,l4? 4,6l? 2,108 497 2,722 967 5,90b Gold h e l d e x c l u s i v e l y a g a i n s t RESOURCES F. R. notes Gold s e t t l e m e n t fund with F . R. Board Gold and gold c e r t i f . h e l d by banks T o t a l gold r e s e r v e s Reserves o t h e r than gold Total reserves F o n - r e s e r v e cash B i l l s discounted: Secured by U.S.Govt, 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 d i s c o u n t e d B i l l s bought i n open market U. S, Government s e c u r i t i e s : 2,233,542 161,863 293,292 490,925 9,682 20,355 503,072 197,626 236,677 144,265 324,589 6,694 20,346 25,380 21,526 3,017,757 191,900 971,926 224,666 283,583 216,210 21,394 56,393 29,252 17,410 3,234,567 213,294 1,028,319 253,918 300,993 79,131 7.632 . 21,094 3,897 4,233 7%,977 102,922 559,537 3,814 7,069 5,l45 9,318 51,477 27,93% 79,228 60,942 66,802 7,903 12,088 8,168 2,765 6,l45 13,242 85,860 117,385 638,948 99,219 12,377 5,981 26,974 11,084 98,237 123,366 665,922 110,303 4,463 5,743 12,686 4,096 71,875 5,265 77,1%0 2,0?4 86,189 7,590 93,779 2,692 318,935 314,320 633,255 66,362 22,630 14,593 37,.223 2,719 95,187 42,991 138,178 21,079 30,619 46,638 77,257 3,572 43,628 4l,i66 84,794 3,237 7,301 24,775 32,076 3,138 5,963 26,018 31,981 4,185 24,544 20,612 45,156 9,865 10,771 7,694 18,465 2,675 1,095 8,192 9,287 1,670 6,404 25,813 32,217 3,Oo9 327,667 23,399 5,703 27,054 109,414 39,158 216,32? 27,998 6,266 38,296 29,863 7,560 4?,379 7,772 1,173 10,135 5,236 53,939 11,67% 15,845 2,035 9,840 7,694 2,346 13,895 T ot a l U.S. Govt, s e c u r i t i e s Other s e c u r i t i e s 871,618 6,911 56,156 200 364,899 5,281 72,560 1,342 84,802 19,080 - 1 2 , 6 l 4 106,960 2?,?8? - 27,720 88 T o t a l b i l l s end 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 banks Uncollected items Bank premises All other resources 1,578,146 6,645 l4,3?6 331,558 57,828 36,38? 96,298 536 400 39,791 3,336 1,012 529,437 154,731 172,833 2,362 ?2? 6?8 4,639 352 1,26? 89,114 29,296 32,281 14,81? 2,626 7,962 14,034 98O 1,790 54,294 268 881 25,94l 3,609 5,0%5 48,780 l 6 l , 9 S l 248 9%6 ,1,04? 2,154 8,526 44,280 2,489 7,827 3,7%0 3,^9 48,92? 21 ?80 12,533 3,46l 1,57% 38,765 13 528 6,783 1,834 1,%0% Bonds Treasury n o t e s C e r t i f i c a t e s and b i l l s TOTAL RESOURCES 84,397 %59,554 1,270 6,108 9,184 43,837 2,791 13,322 3%,227 155,669 6,577 3,578 18,042 28,113 44,382 201,824 10,780 12,310 55,1°2 214,134 4,051 6,470 , 482 70,311 9 , 7 o l 46,067 10,243 116,378 2,691 8,462 ^ 10,989 17,844 1,724 8,051 5,187 24,710 23,935 2?,364 - 4?,?4l - 59,221 195 859 15,669 3,649 1.170 40,298 1?2,581 188 463 171 1,298 10,420 16,924 1,785 4,433 893 1,276 5,338,638 362,299 1,703,816 446,52? 522,037 192,73s 193,939 899,265 181,695 128,541 177,234 113,351 417,196 L I A B I L I T I E S F.R.notes in actual circulation 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 Total deposits D e f e r r e d 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 RESOURCES'" AH) LTA31 LI TIES OF THE FEDERAL.. RESERVE BAH'S OF MARCH' 30,-1932" ( I n thousands of d o l l a r s ) £-73,0To t a l Boston Mew 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. Xans.Cy. D a l l a s San Fran. 2,546,275 172,875 563.352 254,659 296,946 96,47s 117,913 544,297 91,112 1,911,496 111,733 52,572 3,729 31,249 1,023 849,988 117,045 l4o,94o 25,110 681 3,652 22,175 1,327 1,360 49,946 3,011 539 23,325 320 2,018,642 116,805 329,416 40,075 155,624 11,531 259,421 20,039 l4,474 236 2,594 9H,7%7 US,349 148,546 85,292 28,232 31,995 59,190 16,250 14,276 75,077 26,486 27,640 105 45,271 246,935 3,146 1,795 498 1,804 155 44 0 68,207 81,266 38,106 221,064 56,680 41,371 2,900 933 471 296 66,155 ^7,253 138,179 649 53,601 49,070 250,974 60,700 24,812 9,-015 44,415 14,037 5,291 4,94o 17,449 4,483 11,483 10,449 38„4H 10,025 255 42,855 6,676 2,941 1,165 2,482 3,968 93 24 3.980 390 67,803 15,164 4,102 377 929 50»:136 147,056 11,355 18,348 4,024 11,147 8,124 6,356 7,624 17,707 29,260 974 9.158 1,551 2.634 1.071 2,552 3.719 1,338 1,506 2.106 1,874 -H5TOTAL LIABILITIES 5,338,638 362,299 1,703,816 446,527 522,037 192,73s 193,939 899,265 181,695 128,541 177,234 113,351 417,196 Reserve r a t i o (per c e n t ) 70.9 73.6 69.7 67.9 67.6 65.5 73.9 83.7 72.7 69.5 62.9 62.5 58.2 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 335,425 25,566 108,695 34,649 33,976 13,456 12,446 45,077 11,774 7,401 9,755 9,419 23,211 Federal reserve notes: I s s u e d to F.R.bank by F . 3 . a g 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 as 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 . B. Board E l i g i b l e paper Total c o l l a t e r a l FEDERAL RESERVE NOTE STATEMENT 2,788,959 193,799 242,684 20,924 612,624 268,670 314,506 106,007 133,890 596,305 96,074 49,272 14,011 17.560 9,529 15.977 52.008 4.962 2,546,275 172,875 563,352 254,659 296,946 854,067 47,010 1,334,580 112,617 393,217 661,043 37,579 2,849,690 197,206 65,400 67,970 96,478 117,913 544,297 11,570 100,000 125,900 163,000 61,600 148,373 33.674 12,775 124,920 91,112 15,520 69,720 1.513 68,207 13,145 92,175 10,909 81,266 9,280 43,665 261,524 5.559 40.460 38,106 221,064 12,260 21,000 81,000 68,763 88,000 430,000 33,664 50,500 6l,600 18.990 47,300 9.498 54,800 33.117 11.183 122.185 641,590 268,891 315,659 106,844 134,439 605,420 96,110 69,943 97,197 44,443 271,94s 77.591 84.689 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total 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 warrants 633,255 66,362 459,554 6,711 Within 15 days 486,632 28,602 6,143 5,591 l 6 to 30 days 37,151 10,970 3,800 1,000 31 to 60 days 56,830 15,810 66,916 6 l to 90 days 34,4i4 10,742 89,550 52 91 days to 6 months 13,864 238 183,538 68 Over 5 months 4,364 109,607
@FedFRASER