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STATUE!:'? FOR T ' 3 PRESS Released f o r p u b l i c a t i o n F r i d a y morning, Apr. 15; not e a r l i e r . B-744 F e d e r a l Reserve Board A p r i l l 4 , 1932. CO-TDITIO'T OF FEDERAL RESERVE BA'TKS The d a i l y a v e r a g e 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 A p r i l 13, 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 b a n k s , was $1,629,000,000, an i n c r e a s e of $29f000,000 compared w i t h t h e p r e c e d i n g weel: and of $709,000,000 compared w i t h the c o r r e s p o n d i n g week i n 1931. On A p r i l 11 t o t a l r e s e r v e bank c r e d i t amounted to $ 1 , 6 0 6 , 0 0 0 , 0 0 0 , an i n c r e a s e of $07,000,000 f o r t n e 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 $ 6 9 , 0 0 0 , 0 0 0 i n member bank r e s e r v e b a l a n c e s and *11,000,000 i n unexpended c a o i t a l f u n d s , nonmember d e p o s i t s , e t c . , and d e c r e a s e s of § 1 6 , 0 0 0 , 0 0 0 i n monetary gold s t o c k and $ 2 6 , 0 0 0 , 0 0 0 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 , o f f s e t i n p a r t by a d e c r e a s e of $351000,000 i n money i n c i r c u l a t i o n . •icldings 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 $ 4 ,0 0 0 ,0 0 0 a t the F e d e r a l Reserve Bank of C l e v e l a n d , and d e c l i n e d $ 9 , 0 0 0 , 0 0 0 a t Mew York $ 3 , 0 0 0 , 0 0 0 a t Richmond and $0,000,000 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 S y s t e m ' 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 6 6 , 0 0 0 , 0 0 0 , while h o l d i n g s of U. S. bonds i n c r e a s e d $ 3 , 0 0 0 , 0 0 0 , of T r e a s u r y n o t e s $1, >00,000 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 $96,000,000. 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 t h e y e a r ending A p r i l 13, 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 Apr. 13 1932 Apr. 6 1912 Apr. 15 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 TOTAL RESERVE 3AHC CREDIT Monetary g o l d s t o c k Treasury c u r r e n c y a d j u s t e d 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 . 629 52 905 20 l,6o6 - 6 6 +100 - 1 + 27 1,7-0 - 16 - 26 5,423 - 35 U,3H0 2,011 411 + 69 + 11 + + - 4- + - 497 79 3S6 13 791 330 9 oOO 345 3 Released f o r p u b l i c a t i o n F r i d a y morning, Aor. 15,1932; n o t e p r l i e r . B-jU^a RESOURCES A'T' LIABILITIES RESERVE BjVVCS C0M';P'ED OF T I - 3 T T S L V E r m m , ( I n thousands of d o l l a r s ) Apr. 13,1932 Apr. A,1932 Apr. 15,1931 2,192,997 41,830 2,234,327 317,055 466,4oo 3,018,312 214,737 3,233,049 78,994 2,151,947 43,201 2,225,148 318,494 488,560 3,032,202 212,544 3,244,746 74,062 1,760,114 32,529 1,792,543 523,304 825,911 3,141,858 176,015 3,317,373 76,17s 316,088 312,514 622,602 51,809 319,796 315,47S 635,274 57,946 40,336 91,66s 132,004 131,479 321,183 318,590 84,395 481,929 8:5,014 65,722 52,229 480,684 593,635 14,107 410,810 57,854 37,960 1,582,555 6,344 14,810 362,75s 57,<53 36,602 862,113 697 15,981 593,488 5,509,354 5,380,030 4,946,715 2,537,075 2,561,573 1,515,716 2,010,899 52,494 41,137 19,435 2,123,965 4oi,809 155,458 259,421 31,626 1,942,26s 2,356,415 28,137 18,859 29,712 5,183 20,044 25,733 2,020,161 2,406,190 566,027 353,21s 155,558 168,73s 259,421 274,636 15,408 :0,099 , 4.946,715 5,3:0,030 3 S S 0 U 3 C BS Gold wit'i F - d c r a l r e s e r v e a g e n t s . . . . Gold redemption f u n d with U.S. Treasury S ? l ^ e l d inclusively against F.R.notes G-old s e t t l e m e n t f u n d 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 5o ^ i j ^ ^ J L e ^ r v e s Reserves o t h e r than gold Total reserves ]' on-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 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 n o t e s 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. 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 : 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 - a n k premises All other resources TOTAL RESOURCES . . . . 85,445 578', 395 985,024 4,476 1,669,911 6,669 4,321 58,417 16,963 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 Foreign bank Other d e p o s i t s Total d e p o s i t s D e f e r r e d 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 5,509,354 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 . . . 69.4^ 70.Sf, 84.63 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 325,684 335,312 424,14s RESOURCES AHD LIABILITIES 0? TTIE R E S O U R C E S ( i n thousands T o t a l Boston Few York P h i l a . 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 , 1 5 2 , 9 9 7 164,627 503,217 195,300 Gold r e d e m p t i o n f u n d w i t h U . S . T r e a s u r y 4-1,830 1,93% 3,737 6,019 Gold h e l d e x c l u s i v e l y a g a i n s t E. R. n o t e s 2,234,827 Gold s e t t l e m e n t fund w i t h E.R.Board 317,085 G-old and g o l d c e r t i f , h e l d "by banlcs 466,400 T o t a l gold r e s e r v e s R e s e r v e s o t h e r than g o l d Total reserves D o n - r e s e r v e cash B i l l s discounted: S i c u r e d by U . S . G o v t , o b l i g a t i o n s other b i l l s discounted Total b i l l s discounted B i l l s b o u g h t i n open market Ue 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 t i l l s 201,319 15,485 19,926 511,954 142,967 ^10,6l4 3 , 0 1 8 , 3 1 2 201,976 965,535 230,616 269,221 56,982 28,785 17,445 21.4,737 9,612 2,793 8,969 13,105 8 6 , 5 9 1 114,808 639,994 100,381 75,910 88,S0o 10,517 ^,696 7,lHS 99,353 120,839 665,181 110,898 95,95^ 2,239 5^,071 214,103 5,92b 27,197 73,37° 12,762 4,001 29,629 45,021 51,264 47,165 4,y4l 22,905 628,602 51,809 32,788 2,418 122,177 13,875 7^,650 3,^07 98,429 3,122 321,133 85,446 573,395 23,399 6,4-94 111,458 23,192 33,536 7,233 311,354-41,011 26,207 8,307 48,475 456,393 71,436 83,489 2,Al6 1,482 - 2,386 3,300 727 317 4,476 8,139 12,084 3,572 6,327 83,291 38,836 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 - 1,669,911 91,362 6,609 536 14,107 255 37,9^0 996 4io,3io 45,666 57,354 3,336 5,509,354 7,5^7 7,973 6,031 51,962 28,422 25,187 13,150 3,691 SC,6o6 2,145 7,295 28,709 1,422 8,164 5,081 31,937 150,742 7,510 3,5^5 22,870 27,850 43,012 201,462 11,059 4,027 .. , 1,44b 10,569 12,64l 6,549 c 29,017 19,859 10,447 6,555 27,646 2,704 36,312 3,512 48,5,68 7,279 17,002 2,147 9,586 1,072 33,125 12,015 116,304 2,293 2,101 7,879 7,772 1,446 5,231 1,448 5,925 53,939 10,403 52,181 11,67% 3,130 16,120 15,733 2,321 9,593 7,695 16,989 17,844 2,686 1,973 5,869 14,555 8,902 30,403 12,o04 116,523 30,974 27,697 24,^36 13,613 22,831 - - ~ % 7f I 595,366 150,975 135,o4o 53,131 52,428 172,370 50,123 38,433 60,354 678 1,227 , 6b,7^2 1S,040 14,748 26,263 56,156 B-744b Minn. Ivans.Cy. D a l l a s San F r a n . 63,0^5 64,080 31,010 144,763 460 2,652 927 5_>j79„ 63,505 76,086 99,288 559,610 80,158 316,083 312,514 935,024 TOTAL RESOURCES 21,484 226,331 17,100 21,346 12,197 21,544 3 , 2 3 3 , 0 4 9 223,460 1 , 0 2 2 , 5 1 7 259,401 286,666 78,994 7,428 22,834 3,886 3,963 Total U.S.Govt. s e c u r i t i e s Due from f o r e i g n b anlcs ? . H. n o t e s of o t h e r banks Uncollected items Bank p r e m i s e s All other resources 166,565 FEDERAL RESERVE BAIL'S OF APRIL 13, 1932 of d o l l a r s ) Cleve. R i c h . A t l a n t a Chicago S t . L o u i s 220,970 75*120 97,275 555,^20 78,170 5,3^1 1,5^6 2,013 4,190 1,98c 268 1,059 24c 949 946 1,727 21 1,330 121,000 36,691 40,039 3i,4o% n,393 45,480 16,370 14,817 2,651 7,962 3,^09 2,489 7,827 3,%6l 15,237 1,969 l , 706 5 , 1 1 6 3,704 3,195 l , 4 o - 195 1,086 29I 6,575 19,737 1,334 3,648 1,339 1,126 13 42,428 27,^64 54,116 ~ ~ 41,980 178,299 188 463 2,122 33U 13,672 22,279 1,737 4,433 805 1,251 373,039 1,797,457 456,617 527,231 197,995 197,131 909,936 187,910 131,286 184,339 117,310 429,053 RESOURCES AKD LIABILITIES' OF' THE FEDERAL' RESERVE-'BA"KS" 0?T APRIL* 13, 1"932 ( I n thousands of d o l l a r s ) B-744C T o t a l Boston Few 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. ICans.Cy. D a l l a s San, F r a n . 2,537,075 171,079 5 6 3 , 1 5 ^ 252,030 2 9 3 , 4 2 0 94,919 117,210 543,902 90,454 7 0 , 3 6 7 3 1 , 1 6 9 3 7 , 6 1 1 2 2 1 , 7 6 0 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 Deposi t s : Kenber "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 2,010,299 117,473 52,494 2,842 19,4-35 3,297 34 41,137 2,123,965 123,646 401,309 45,792 155,453 11,533 20,039 31,626 950 259,421 TOTAL LIABILITIES 5,509,354 Reserve r a t i o (per cent) 69.4 C o n t i n g e n t 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 325,654 Federal reserve notes: I s s u e d t o F . R . b a n k by F . R . 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 a g e n t 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 g o l d 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 373,039 9,547 1,797,457 75.3 24,656 66.4 2,647 456,617 65.9 2,307 1,055 2,579 527,251 197,995 197,131 64.6 66.2 72.0 3,340 1,394 65,056 47,356 141,967 1,537 2,665 4 , O C A 1,252 1,215 2 , 9 9 % 955 262 120 36 4,237 43,764 70,971 51,272 153,207 6,346 19,157 14,730 23,179 4,092 4,002 11,130 2,937 5,124 6,356 7,624 17,707 41,033 1,509 2,071 520 1,516 2.070 909,936 137,910 131,256 154,339 117,310 429,053 52.6 72.2 70.6 60.3 63.1 57.1 107,025 33,415 32,766 12,977 12,004 43,472 11,355 7,137 9,054 22,355 9,403 FEDERAL RESERVE FOTE STATEMENT 2,721,656 191,965 244,611 20,359 2,537,075 171,079 563,267 1,329,730 642,702 2,335,699 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 Municioal warrants 926,192 116,733 140,205 51,913 47,194 254,379 57,333 27,127 2,960 3,700 1 , 2 9 1 1,532 172 3,090 11,594 4 , U 6 9 4 , 3 5 2 1 , 7 3 5 1 , 6 0 5 5 , S I 4 1,519 10,6: 105 2,263 163 323 490 709 9 7 5 , 9 6 1 1 2 4 , 2 7 2 150,550 5 5 , 1 0 7 50,654 261,355 63,206 114,240 34,945 35,607 30,110 1 1 , 3 4 7 4 5 , 0 1 4 1 8 , 3 3 9 59,17&' 16,234 14,257 5,291 4,592 17,414 4 , 4 9 2 75,077 26,436 27,640 11,453 10,449 33,411 10,025 47,010 117,617 32,543 197,470 n t h i n 15 days 625,602 51,309 474,040 578,395 7,005 4,216 4,476 15,155 6i4,2l4 267,012 310,445 103,243 1 3 4 , 3 5 3 595,629 9 5 , 1 0 3 7 2 , 4 3 2 93,326 43,325 260,627 51,060 14,952 1 7 , 0 2 5 3,324 17,143 51,727 4,649 2,071 1 2 , 1 5 7 5 , 7 1 7 3 2 , 3 6 7 5 6 3 , 1 5 4 252,030 293/420 94,919 117,210 543,902 90,454 70,367 31,169 37,611 221,760 73,400 67,970 12,520 1 4 , 2 7 5 123,420 15,770 1 3 , 1 4 5 9,250 110,000 121,900 153,000 62,600 33,000 432,000 62,400 49,900 54,500 125,145 74,300 95,237 25,657 37,636 51,346 17,167 9,524 33,215 393,217 625,362 270,100 319,207 103,777 134,911 606,766 95,337 72,569 97,295 MATURITY DISTRIBUTION OF BILLS AKD SHORT TERM SECURITIES 91 d a y s to l 6 to 30 days 31 to 60 days 6 l to 90 days 6 months 40,106 57,400 33,509 14,769 7,633 14.590 255 13,753 36.591 23,325 74,300 224,919 20 142 93 12,260 12,750 12,591 31,000 63,763 121,541 43,601 266,304 Over 6 months 3,473 162,255
@FedFRASER