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STATE?G!TT FOB TEE PRESS Released f o r p u b l i c a t i o n Friday morning, A p r i l g; not e a r l i e r . B-73S F e d e r a l Reserve Board A p r i l 7, 1932. CCPDITIOr OF FEDERAL RES?R^/E BAT7CS 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 A p r i l 6, a s r e p o r t e d by the Federal r e s e r v e banks, was $ 1 , . 0 0 , 0 0 0 , 0 0 0 , an i n c r e a s e of $1,000,000 compared with, the p r e c e d i n g week and of $59«»000,000 compared with the corresponding week i n 1931. On A p r i l 6 t o t a l r e s e r v e bank c r e d i t amounted to §1,599,300,000, an i n c r e a s e of $12,000,000 f o r the week. This i n c r e a s e corresponds with i n c r e a s e s of $19,000,000 i n money i n c i r c u l a t i o n and $31,000,000 i n member bank r e s e r v e b a l a n c e s , o f f s e t i n p a r t by i n c r e a s e s of $5,000,000 i n monetary gold stock and $26,000,000 i n Treasury currency, a d j u s t e d , and a decrease of $5,000,000 i n unexpended c a p i t a l f u n d s , no 11member d e p o s i t s , e t c . ,:iOldings of d i s c o u n t e d b i l l s d e c l i n e d 57,000,000 a t the F e d e r a l Reserve Bank of Few York, and i n c r e a s e d $9,000,000 a t Cleveland, $4,000,000 a t Chicago and $2, .,00,000 a t a l l F e d e r a l r e s e r v e banks. 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 $5,000,000 and of United S t a t e s bonds $9,000,000, while h o l d i n g s of Treasury c e r t i f i c a t e s and b i l l s i n c r e a s e d $22,000,000. 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 in r e l a t e d items during the week and the year ending A p r i l 6, 1932, were a s f o l l o w s : I n c r e a s e or decrease since Anr. 6 1932 Mar. 30 1932 Aor. 5 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 635 53 SG5 21 TOTAL RESERVE BAJ'IC CREDIT Monetary gold stock Treasury currency a d j u s t e d * 1,599 4,396 i,no6 Money in 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,^53 1,942 4oo *March 30 f i g u r e s r e v i s e d . (Increased 3 millions) + - + + + + - 2 0 13 5 _ + 12 s 26 + 19 + 31 5 + m-m 492 114 2S6 5 670 307 31 547 447 7 R e l e a s e d 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 J , 1 9 3 2 ; n o t e a r l i e r . OF TH3 T B-73Sn R3S0URC3S A7D LIABILITIES « FEDERAL 33S*S?*3 BAZIIS C0I<!BIFED ( I n thousands of d o l l a r s ) Apr. 6,1912 Mar. 30,1932 Apr. S, 1931 2,181,91+7 2,182,647 i'K-895 1,733,114 32,84s 2,225,lkS 318,494 4*8,560 3,032,202 212,544 2,233,542 293,292 490,923 1,765,962 540,763 3,017,757 216,510 3,131,021 3,244,746 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 f u n d - ; i t h U . S . T r e a s u r y . 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 with F.R. Beard Gold and gold c e r t i f i c a t e s 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 t h a i gold Total reserves . . . . ^ 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 . . 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 secm-_iti_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 U n c o l l e c t e d items Ban;: p r e m i s e s All other resources TOTAL RESOURCES . . . . 43,201 82)1,296 177,992 3,234,567 74,062 79,131 3,309,013 75,100 319,796 315,^78 635,274 57,946 318,935 45,700 318,690 24,395 481,929 885,014 314,320 633,255 66,362 327,667 84,397 459,554 96,555 142,555 171,729 66,719 59,225 472,711 871,61s 6,911 598,655 1,578,146 6,645 912,969 697 36,602 57,853 331,558 57,820 36,337 475,629 58,364 17,257 5,380,030 . 5,338,63c 4,866,442 2,561,573 2,546,275 1,505,143 1,942,268 28,137 1,911,496 52,572 31,249 23,325 2,018,642 2,355,700 2m,554 5,243 15,650 2,442,507 460,439 4,321 1,582,555 6,644 l4,sio 362,758 14,376 14,353 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 . Deposi t s : Member bank - r e s e r v e account . . Government Foreign 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 Capital paid in Surplus All other l i a b i l i t i e s . . , TOTAL LIABILITIES 29,712 20,044 2,020,161 155,558 329,416 155,624 30,099 353,218 165,713 259,421 259,421 29,260 274,636 15,004 5,380,030 5,335,635 4,566,442 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. n o t e l i a b i l i t i e s combined . . 70. s£ 70.94 33.8£ Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 335,312 335,425 429,536 RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BAMS OH A2RXL 6, 1932 ( I n t h o u s a n d s of d o l l a r s ) B-73Sb T o t a l Boston Hew York p h i l a . C l e v e . 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 , 1 8 1 , 9 4 7 164,627 498,217 193,300 220,970 74,170 99,275 5^9,920 77,920 61,945 64,080 32,760 144,763 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 3 , 2 0 1 2,162 9,085 6,192 5,498 1,777 2,092 4,370 2,086 46l 2,690 953 5,835 R E S O U R C E S 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 2 , 2 2 5 , 1 4 8 166,789 Gold s e t t l e m e n t f u n d w i t h ? . R.Board 318,494 15,597 Gold and g o l d c e r t i f . h e l d by banks 488,560 19,812. 507,302 199,492 226,468 75,947 101,367 554,290 80,006 119,475 18,546 30,372 5,919 10,572 62,575 8 , 8 3 4 330,365 1 4 , 2 8 4 21,656 7,180 _„7,„7l6. 2 7 , 8 6 j . _ 12.,_22S 62/406 66,770 33,713 150,598 9,o6o 7,535 6,365 23,644 2,_640 _ l i i I 3 6 _ ^ L,5LL_.2?.,019 Total gold reserves R e s e r v e s o t h e r than " o l d 3 , 0 3 2 , 2 0 2 202,198 957,142 232,322 278,496 89,046 119,735 644,732 101,068 . 212, 544 2 1 , ^ 2 2 _ . . _ 5 5 , 210 28^4=1. . 1 7 , 2 8 1 . 12,.4.39 „_2,903.._2^,506„_ .10, RSI Total reserves " o n - r c s e r v e cash B i l l s discounted: Secured 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 bought I n onen 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 3 , 2 4 4 , 7 4 6 224,120 1 , 0 1 2 , 3 5 2 260,671 295,783 101,485 125,638 670,238 111,649 7 9 , l 6 2 9 4 , 4 8 5 5 4 , 1 2 4 215,039 74,062 6,792 19,986 3,s6l 3,805 4,125 4 , 5 6 4 12,740 3,630 2,015 2,433 3 , 6 4 l 6,470 Total U.S.Govt, 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 o f ~ o t h e r b a n k s Uncollected items Bank p r e m i s e s All other resources TOTAL RESOURCES 319,796 18,285 15^99. 635,274 33,594 57,946 2,537 90,901 4 0 ^ 4 i _ .J 131,248 16,280 318,690 23,399 84,395 6,509 1*31,929 26,248 109,4l4 22,998 25,945 32,638 7,154 8,698 243,284 39,346 4 6 , 2 2 1 825,014 385,336 $9,4(8 2,866 1,377 4,321 56,156 - 1,582,555 92,287 6,644 ^36 l4,S10 215 362,758 44,687 57,853 3,336 36,602 1 , 0 0 2 1 0 , 2 8 3 47,246 7,191 6,333 ^ l A 4 6 , 7 4 7 ,23,J33..„28,153 .. 74,457 9 3 , 9 9 3 3 0 , 9 2 4 34,486 3,407 3,122 2,891 3,067 80,864 - 7,772 1,452 9,857 19,081 - 74,106 8 7 , 4 4 1 . 5,056 .„7.,p44 4 3 , 6 5 5 202,261 10,469 . 12,778 29,746 10,931 1,193 6,075 639 70,973 1 2 ^ 4 1 . 7.1.229. .8,055__2Jj_35.1 .452 49,187 18,160 9 , 2 4 s 33,434 11,118 115,425 8,323 2,302 1,170 2,451 2,192 9,6o4 5,231 53,939 1,451 10,426 5,920 42,595 11,674 3,153 .12,925 15,790 2,327 9,572 7 , 6 9 5 16,989 2,693 1 , 9 7 7 13,548 8,398 17,844 5,582 24,015 12,602 106,9b0 27,757 27,689 23,936 47,74l - 535,730 148,739 177,979 52,896 50,755 164,470 48,249 2,361 727 678 268 248 946 21 4,025 342 811 1,178 859 2,259 1,573 99,438 33,108 32,979 2 6 , 4 1 2 9,998 41,900 15,o4s 14,817 2,651 7,962 3,609 2,489 7,827 3 , 4 6 i l4,5o6 1,098 1,753 5,027 3,715 3,259 1,512 78 38,185 5 9 , 8 2 1 13 195 408 1,194 6,913 19,787 1,834 3,649 1,380 1,154 27,364 ~ 4 0 , 6 7 4 172,770 188 463 273 1.673 1 2 , 3 3 4 20,154 1,785 4,433 1,264 842 5,380,030 372,975 1 , 7 0 3 , 2 7 5 451,197 521,780 195,000 198,266 903,639 185,143 129,910 182,718 114,283 421,844 L I A B I L I T I E S RESOURCES™ AHJ LIABILITIES OF THE FEDERAL RESERVE BAFKS OH APRIL 6, I932 ( i n thousands of d o l l a r s ) }3-738c To t a l Boston Few York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Xans.Cy. D a l l a s San Fran. i -.561,573 172,464 573,35S 252,574 295,115 96,395 118,265 547,43s 91,201 69,309 82,090 38,330 225,034 P.R.notes in actual c i r c u l a t i o n Deposits: Member banir - r e s e r v e account !.,942,26s 118,626 867,167 118,203 141,790 51,814 48,807 247,070 57,881 40,449 67.057 46,73S 136,666 Government 28,137 2,060 5,216 1,390 2,186 2,17s 2,075 4,475 2,175 1,329 913 1,306 2,829 Foreign tan?: 2,328 29,712 9,070 888 3,154 674 3,093 1,225 1,133 4,104 l 858 2,113 Other d e p o s i t s 20.044 10,716. 122 122 2,690 6^0 .152 . 4 4 9 68 4^241 _.S9. Total d e p o s i t s ;>,020,161 123,051 892,169 122,869 149,759 55,339 52,167 256,098 61,796 43,142 63,952 48,970 145,849 D e f e r r e d a v a i l a b i l i t y items 94,021 31,273 32,315 25,393 353,218 44,902 9,338 40,463 16,302 6,625 18,643 13,276 20,117 C a p i t a l p a i d in155,558 11,531 4,101 4,490 59,179 16,245 14,25s 5,291 4,005 11,136 4,937 17,447 2,933 Surplus 259,421 20,039 75,077 26,486 27,64o 11,433 10,449 38,411 10,025 6,356 8,124 7,624 17,707 All other l i a b i l i t i e s 238. .... 30,03a. SOS 3,732 _1,32_9 1,540 2,07s - 2,001 - L I 5 Q - . _ 2 x 6 2 1 1.1.022.. ._2^6o TOTAL LIABILITIES ' ,,380,030 372,975 1,703,275 451,197 521,780 195,000 198,266 903,639 135,143 129,910 182,718 114,283 421,844 Reserve r a t i o ( p e r c e n t ) 70.8 69.1 69.4 75.S 66.5 66.9 62.6 62.0 83.4 70.4 73.0 53.0 73.7 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 335,312 25,493 109,231 34,549 33,379 13,417 12,411 44,94s 11,740 7,379 9,728 9,392 23,145 ill Federal reserve notes: Issued to F.R.banh by F . R . a g e n t 7"eld by Federal r e s e r v e ba:rr FEDERAL RESERVE *'t0T5 STATEMENT 2,796,501 193,330 234,928 20,866 In a c t u a l c i r c u l a t i o n 2,561,573 172,464 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 banGold and gold c e r t i f i c a t e s 861,567 47,010 Gold fund - F . R. Board 1,320,380 117,617 E l i g i b l e paper 655,623 33,768 Total c o l l a t e r a l 2,837,570 193,395 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 w a r r a n t s 481,735 451,929 3,500 4,i66 4,321 393,217 105,000 136,649 634,366 Within 15 days 635,274 57,946 624,66s 266,462 310,831 105,087 134,436 596,733 96,206 70,873 93,713 43,320 260,842 51,310 13,388 15,716 8,692 16,171 49,295 5,005 1,564 11,623 4,990 35,808 573,353 252,574 295,115 96,395 11^265 547,'43s™91,20T""69,309 82,090 38,330 225,034 26,913 71,400 121,900 74,652 267,952 67,970 11,570 14,275 124,920 15,520 13,145 9.280 12,260 81,000 153,000 62,600 85,000 425,000 62,400 48,800 54,800 20,500 63,763 93,S00_J2,360^ 35,914 53,006 _1S,373 9,142 33,846 11,725 122,383 314,770 106,530 135,189 602,926" 96,29~s"71^087 977§26 44","4s5~257","i46 MATURITY DISTRIBUTION OF BILLS AJTD SHORT TERM SECURITIES 91 days to l 6 to 30 days 31 to 60 days ol to 90 days 6 months 39,618 56,319 14,407 39,210 12,871 3,349 9,574 239 3,800 109,916 20 74,300 107 132,289 28 Over 6 months 3.485 153,124
@FedFRASER