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STATEMENT FOR THE PRESS E-801 Federal Reserve Board August 11, 1932. Released f o r p u b l i c a t i o n F r i d a y m o r n i n g , Aug. 12; not e a r l i e r . COFDITION OF FEDERAL RESERVE BAITS 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 t h e week e n d i n g August 10, 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 b a n k s , was $ £ , 3 7 0 , 0 0 0 , 0 0 0 , a d e c r e a s e of 6 4 0 , 0 0 0 , 0 0 0 compared w i t h t h e p r e c e d i n g weeh and an i n c r e a s e of $ 1 , 3 2 9 , 0 0 0 , 0 0 0 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 August 10 t o t a l r e s e r v e bank c r e d i t amounted t o $ 2 , 3 5 7 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 3 1 , 0 0 0 , 0 0 0 f o r t h e week. T h i s d e c r e a s e c o r r e s p o n d s w i t h d e c r e a s e s of $ 2 1 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n and i n c r e a s e s of § 1 8 , 0 0 0 , 0 0 0 i n m o n e t a r y g o l d s t o c k and $ 4 2 , 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 an i n c r e a s e of $ 5 0 , 0 0 0 , 0 0 0 i n member b a n k r e s e r v e b a l a n c e s . H o l d i n g s of d i s c o u n t e d b i l l s d e c r e a s e d $ 9 , 0 0 0 , 0 0 0 a t t h e F e d e r a l R e s e r v e Bank of San F r a n c i s c o , $ 6 , 0 0 0 , 0 0 0 each a t P h i l a d e l p h i a and A t l a n t a , $ 5 , 0 0 0 , 0 0 0 a t New York and $ 3 5 , 0 0 0 , 0 0 0 a t a l l F e d e r a l r e s e r v e h 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 m a r k e t d e c l i n e d $ 2 , 0 0 0 , 0 0 0 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 $ 2 3 , 0 0 0 , 0 0 0 , w h i l e h o l d i n g s of U n i t e d S t a t e s T r e a s u r y n o t e s i n c r e a s e d $ 2 8 , 0 0 0 , 0 0 0 . 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 i t e m s d u r i n g t h e week and t h e y e a r e n d i n g August 10, 1932, were a s f o l l o w s : Increase or decrease since Aug. 10 1932 Aug. 3 1932 Aug. 12 1931 ( I n m i l l i o n s of d o l l a r s ) Bills Bills U. S . Other discounted bought Government s e c u r i t i e s r e s e r v e bank c r e d i t 452 39 1,851 - + 15 TOTAL RESERVE BANK CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 2,357 4,005 1,799 Money i n c i r c u l a t i o n Member h a n k 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 . 5,707 - 2,062 392 - + + — + + 35 2 5 1 + — 257 97 +1,123 31 31 is 42 +1,252 21 50 1 4* 81? 331 135 — - + 959 9 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 m o r n i n g , August 1 2 , 1 9 3 2 ; n o t e a r l i e r . B-301a RESOURCES AH) LIABILITIES OF THE TWELVE FEDERAL RESERVE 3A2mI£S CO:3Il"SD ( i n t h o u s a n d s of d o l l a r s ) Aug. 1 0 , 1 9 5 2 Aug. 3 , 1 9 3 2 Aug. 1 2 . 1 9 3 1 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 . . . . 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 2,018,692 62,173 1,987,282 62,986 2,077,688 29,675 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 vrith F . R . B o a r d . . Gold and g o l d c e r t i f i c a t e s h e l d by banks 2,080,865 2,050,268 Total gold r e s e r v e s . . Reserves other than gold . . . 2,680,426 347,730 2,643,853 201,505 2,107,33 479,711 Total reserves . ITon-re s e r v e c a s h B i l l s discounted: S e c . by U . S . Government o b l i ; i t i o n s Other " b i l l s d i s c o u n t e d . T o t a l Tail I s d i s c o u n t e d B i l l s "bought i n open m a r k e t . . . 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 2,881,132 R E S O U R C E 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 e c u r i t i e s Due f r o m f o r e i g n b a n k s . . F . R. n o t e s of o t h e r b a n k s Uncollected i t e n s Bank p r e m i s e s All other resources . . . . TOTAL RESOURCES . . . 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 b a n k - r e s e r v e a c c o u n t . Government Foreign bank Other d o o o s i t s Total deposits , Deferred a v a i l a b i l i t y itens Capital paid in Surplus All other l i a b i l i t i e s . . . TOTAL LIABILITIES 256,673 342,888 . 200,706 72,842 245,805 2,845,358 70,714 166,543 285,395 451,938 132,038 305,095 487,183 38,720 40,693 420,853 420,934 351,027 1,079,126 1,851,011 6,009 2,3^7,67% 2,732 13,-36 299,398 58,119 U 8 , ^ 323,07s 1,102,123 1,846,135 6,028 2,380,039 2,891 13,248 323,222 58,119 47 ,,811 3,449,182 168,399 3,618,081 75,091 67,623 127,357 194,930 135,733 230,454 46,241 451,266 727,961 6,102 1,064,781 25,964 16,031 457,146 58,962 30,700 5,746,402 5,723,6?9 \ 0^1 cy 5,346,756 2,857,805' 2,343,605 2,062,455 I <»' 2,012,134 1,829,301 26,2%^ 10,402 35,537 2,134,53-5 x 2 9 3 , 2 7 5 '1 153,582 259,421 39,102 a 5,723,670 ' 55,972 10,807 36,422 2,115,335 2,392,837 15,074 28,675 2,617,069 150,483 323,232 153,700 259,421 36,909 443,095 5,746,402 5,346,756 R a t i o of t o t a l r e s e r v e s t o 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 . . 57.9% 57.2^ 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 c h a s e d for foreign correspondents 59,52s 59,496 802,108 167,279 274,636 15,376 81.4$ 220,174 RESOURCES AXD LIABILITIES OF THE FEDERAL RESERVE BAHS OH AUGUST 10, 1932 ( I n t h o u s a n d s of d o l l a r s ) B-SOlb T o t a l B o s t o n Mew 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. K a a s . C y . 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 , 0 1 8 , 6 ^ 2 164,127 4 6 5 , 6 7 7 l 4 S , 6 0 0 136,970 4 9 , 9 0 0 5 9 , 0 0 0 o l 9 , 9 ^ 5 6 0 , 2 1 0 3*5,035 58«680 22,285 1 4 6 , 2 6 3 Gold r e d e m p t i o n f u n d <?ith U . S . T r e a s u r y 62,173 3,325 13,331 6,570 6,523 2,-31 3,306 9,301 2,134 2,123 2,826 1,310 8,093 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 , 0 8 0 , 8 6 5 167,452 4 8 0 , 0 0 8 155,170 193/493 52,531 62,306 629,246 62,344 38,353 61,500 23,535 1 5 4 , 3 5 3 Gold s e t t l e m e n t f u n d w i t h F . R . B o a r d 256,673 11,696 83,705 4 , 0 9 4 23,909 4 , 8 5 8 7,177 56,471 8 , 0 5 3 1 0 , 8 9 1 H , 6 4 l 6,74-0 27,4-38 Gold and g o l d c e r t i f i c a t e s h e l d by banlcs^-2,833 1 5 , 7 % 213,788 9 , 9 3 1 1S,040 7,144 8 , 3 8 2 26,754 5,568 3 , 3 3 1 10,619 3,921 19,561 R E S O U R C E S T o t a l ;-clA r e s e r v e s Reserves other than gold 2 , 6 8 0 , 4 2 6 194,897 200,706 1 9 , 0 6 4 Total reserves Fon-r£serve 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 discounted 2,831,132 72,842 213,961 166,543 285,395 9,451 Total b i l l s discounted B i l l s b o u g h t i n open m a r k e t 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 . 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 b a n k s F . R. 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 TOTAL RESOURCES 451,93s 32,720 420,858 351,027 1,079,126 5,194 10,943 20,4^0 2,343 20,350 20,101 30,777 1 , 3 5 1 , 0 1 1 121,223 6,009 2,347,678 2,732 13,636 299,393 — 143,971 211 244 33,939 58,119 . 3 , 3 3 6 4s. i & r " 1.445 5,723,67^ 169,195 235,442 33,821 1 8 , 4 7 1 64,533 8,957 8 3 2 , 4 3 4 203,016 2 5 3 , 5 1 3 20,110 3 , 4 0 7 3 , 9 6 9 73,490 3,887 56,22? 21,952 1 4 , 4 9 0 38,268 42,369 2 2 , 8 3 3 9 4 , 4 9 0 54,321 3 7 , 3 2 3 3,210 3,102 13,914 5,13s 777,501 54,933 78,365 712,471 76,065 52,580 8,750 3,552 5 , 4 0 3 26,032 33,768 733,503 8 4 , 8 1 5 56,132 2,120 3,963 5,239 13,457 14,243 21,224 25,328 26,355 30,485 33,205 12,449 1,035 13,645 13,941 13,720 33,495 17,300 9,,839 27,508 27,302 183,511 7 1 1 , 2 9 2 1 3 9 , 3 2 5 172,282 4,316 1,563 — 47,132 4 5 , 6 0 7 274,310 8 2 4 , 0 1 2 208,419 213,707 26s 1,025 237 842 3,618 354 80,207 24,735 28,054 14,817 2,901 7 , 9 6 6 1.268 28.401 804 76,914 402,301 1,804,624 1,909 19,315 21,717 9,567 4 0 , 7 7 4 9,735 45,525 — 106 1,176 23,275 — - 78,526 312,935 98 373 363 1,899 5 , 7 7 5 36,029 79,643 18 2.703 1.161 3,617vr,2,489 1.52V' 66,156 1.819 7,828 1,021 12,682 3,461 8,970 1,335 7,110 5,339 31,227 36,493 9 , 6 4 7 23,403 37,255 9,849 27,636 79,695 104,534 190,274 134,522 386,496 7,742 12,308 22,45s 4,917 34,256 201,355 4 1 , 9 3 3 210,325 3,64s 5,576 10,750 1,434 5,011 58,777 2,272 4,657 2,927 83*766 631 54,747 130 69,154 11 647 6,943 1,835 1.596 946 2,762 17,010 901 30,754 49,763 80,527 3,357 25,267 11,776 14,242 57,267 72,331 30,721 123,444 11,949 33,542 - 79,437 77 1,043 16,925 3,649 853 4,330 25,796 12,149 -7 - 4-8,532 207,32s 75 223 9,946 1,787 1,296 183 1,701 17,838 4,433 1.242 443,973 514,987 185,9g&>183,6021^13,727 186,7^6 138,438 193,033 107,605 4 4 8 , 6 2 6 L I A B I L I T I E S F.R.notes in actual circulation Deposi t s : Member 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 All other l i a b i l i t i e s TOTAL LIABILITIES Reserve r a t i o (per cent) 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 correspondents RESOURCES AH) LIABILITIES OF THE FEDERAL RESERVE BAMS OK AUGUST 10, 1932 ( I n t h o u s a n d s of d o l l a r s ) B-201C T o t a l Boston New York P h i l a . Clove. 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 S&n. F r a n . 2,843,605 203,895 597,007 256,160 295,393 94,015 110,850 720,606 100,446 2,062,455 129,271 949,734 117,427 141,297 3,475 833 2,737 43,900 288,391 87V 1,063 6,124 53,849 2,201 7,973 2,083 50,496 79,670 95,183 37,396 252,984 39,622 67,007 43,514 137,947 1,887 1,123 1,514 1,605 2,755 432 4oo 1,447 37S 238 313 302 745 3,123 1,112 1,091 848 42 rtf 493 289 175 i4l 4,734 256 26,354 81 2,132 982,686 119,453 147,257 51,844-' 45,856 296,251 56,962 41,239 69,009 45,562 146,181 2,134,6^132,335 76,972 23,498 27,334 21,940 g,80b 35,400 13,5-80 6,648 15,792 10,770 13,479 293,275 34,056 153,582 10,922 59,175 16,152 14,224 5,197 4,371 17,115 4,463 2,920 4,069 3,914 10,554 259,421 20,039 75,077 26,486 27,640 11,483 10,449 38,411 10,025 6,356 8,124 7,624 17,707 856 2,339 2,721 39,102 1,004 13,707 2,218 3,139 1,509 2,770 5,944 1,290 1,605 5,723,67^ 402,301 1,804,6?4 443,973 514,987 185.98& 183,6023,113,727 186,766 138,438 193,033 107,605 448,626 1 , A 53.9 46.4 54.1 50.6 52.7 57.4 50.4 } a 53.5 72.6 - "1 ' 52.7 54.0 57.9 t i 63.6 26,Ste- ( ,y2,251 10,402 221 35,587 ,0 42 59,52s 4,522 19,426 6,128 6,009 2,380 1,309 1,726 1,666 4,105 FEDERAL RESERVE FOTE STATEMENT Federal reserve notes: I s s u e d to F.R.Bank by F.R.Agent Held by F e d e r a l r e s e r v e bank In actual 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 U. S. G o v ' t , s e c u r i t i e s Total c o l l a t e r a l 673,467 267,231 307,747 100,179 129,599 757,447 108,750 82,327 103,704 43,228 287,349 76,46o 11,071 12,354 6,i64 18,749 36,841 8,304 2,657 8,521 5,832 34,365 2,843,605 203,895 597,007 256,160 295,393 94,015 110,850 720,606 100,446 79,670 95,183 37,396 252,934 3,084,596 223,568 240,991 1,019,627 47,010 999,065 117,117 434,307 20,249 644,100 39,400 3,097,099 223,776 To t a l 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 19,673 451,938 38,720 1,079,126 6,009 60, 000 73,580 115,000 94, 268 63,689 37,167 n 4 , 000 55,000 85,000 674,945 267,289 309,137 Within 15 days 312,232 9,438 132,459 4,703 9,880 12,260 87,000 36,980 45,500 370,000 39,400 23,400 4 8 , 8 0 0 10,025 59,263 28,516 29,323 33,688 11,801 12,790 20,966 17,023 64,827 22,600 42,000 108,000 36,800 33,900 26,000 4,000 78,000 100,4i6 130,323 761,633 108,811 82,725 105,646 43,308 289,090 4o6, 677 75,020 71,970 12,920 13,500 249,945 20,810 12,635 MATURITY DISTRIBUTION OF BILLS AITD SHORT TERM SECURITIES 91 days to 6 l to 90 days l o to 30 days 31 to 60 d a y s 6 months 16,254 36,979 52,513 33,531 6,4o4 80,442 1,116 11,012 249,650 35 11,866 218,588 25 29,131 130 Over o months 429 368,856
@FedFRASER