The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATE! SIFT FOE THE PRESS B-S01 F e d e r a l Reserve Board August 25, 1932. Released for publication F r i d a y m o r n i n g , Aug. 26; not e a r l i e r . CONDITIO" OF FEDERAL RESERVE BA1TES The d a i l y n.verage 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 during the veek ending August 24, as reported, "by t h e F e d e r a l r e s e r v e Dailies, was $2,336,000,000, a d e c r e a s e of $16,000,000 compared with t h e p r e c e d i n g week and an i n c r e a s e of $ l , l o l , 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 of 1931. On August 24, t o t a l r e s e r v e "bank c r e d i t amounted to $ 2 , 3 2 1 , 0 0 0 , 0 0 0 , a d e c r e a s e of $23,000,000 f o r the week. This d e c r e a s e corresponds with d e c r e a s e s of $22,000,000 i n money i n c i r c u l a t i o n and $14,000,000 i n unexpended ca;oital nonds, nonmember d e p o s i t s , e t c . , and i n c r e a s e s of $18,000,000 i n monetary gold stock and $31,000,000 i n Treasury 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 $62,000,000 i n member bank r e s e r v e b a l a n c e s . Holdings 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 Ab,000,0^0 a t t h e F e d e r a l Reserve Banx of San F r a n c i s c o , $3,000,000 a t Cleveland.and $16,000,000 at 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 $1,000,000 and of Treasury c e r t i f i c a t e s a i d b i l l s ^12,000,000, while h o l d i n g s of United S t a t e s Treasury n o t e s i n c r e a s e d $12,010,000. 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 the week and the y e a r ending August 24, 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 Aug. 24 Aug. 17 Aug. 26 1932 1932 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 427 35 - - 2,321 4,064 1,819 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,nomnember d e p o s i t s , e t c , 5,6^4 — 1,551 TOTAL RESERVE BAHC CREDIT Monetary gold s t o c k Treasury currency a d j u s t e d 2,142 37S 16 1 __ 44- 4- + 185 i46 +1,123 4l 6 23 12 +1,122 - 92S 31 + 62 22 + 690 - 200 14 - 99 197 Released f o r p u b l i c a t i o n Friday morning, August 26,193'-? not earlier. B-SOla RESOURCES AKD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBIHED ( I n thousands of d o l l a r s ) Aug. 2 4 , 1 9 3 2 Aug. 1 7 , 1 9 3 2 Aug. 26, 1 9 ) 1 RESOURCES Gold r a t h F e d e r a l r e s e r v e a g e n t s . . . . Gold redemption f'ond with U.S.Treasury . 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 fund v/ith F . R. Board . Gold and gold c e r t i f i c a t e s h e l d "by banks 2,077,192 58,g6l 2,046,992 61,476 2,152,013 29,889 2,13b,053 2.10S,46s 2,181,902 23b,79S 180,542 261,792 441,211 357,197 862,433 T o t a l gold r e s e r v e s . Reserves o t h e r than gold . . . Total reserves . . . . TTon-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 b i l l s d i s c o u n t e d . . B i l l s bought in 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 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 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 A l l other r e s o u r c e s 2,753,393 2,727,457 3,485,546 TOTAL RESOURCES . 206,016 2,959,409 78,097 202,259 2,929,716 70,818 172,213 3,657,759 72,m 154,186 272,518 161,837 426,70U 442,860 98,782 142,936 241,718 35.433 35,890 180,518 420,865 380,721 420,815 291,977 32,297 403,724 281,023 369,084 l.o4q,U75 1,351,061 1,061,147 6,051 6,019 727,998 6,402 2,319,249 2,335,815 1,156,636 1,851,046 2,667 38,378 293,84l 14,764 345,865 407,424 58,121 46,050 58,121 45,22s 59,083 33,462 5,772,451 5,802,994 5,440,863 2,824,805 2,838,772 1,945,507 2,i4i,70l 2,079,658 2,341,99s 29,512 12,057 48,503 10,418 35,24i 182,921 26,812 2,668 15,016 16,010 L I A B I L I T I E S F. R. n o t e s in 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 deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus A l l other l i a b i l i t i e s TOTAL LIABILITIES 19,265 2,202,535 2,173,820 294,679 153,339 259,421 37,672 340,799 36,752 2,634,335 403,634 167,194 274,636 15,557 5,772,451 5,802,994 5,440,863 153,430 259,421 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 . . . 58 .s 58.4^ Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 55,009 60,254 82,6o4 79.9/5 229,970 RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BASKS 01T AUGUST 24, 1932 ( I n t h o u s a n d s of d o l l a r s ) R E S O U R C E S Total Boston T " ew York Phila. Cleve. R i c h . A t l a n t a Chicago S t . L o u i s B-801b Minn. K a n 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 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 2,077,192 163,227 58,861 3 , 1 4 1 503,677 150,400 188,970 69,700 56,000 614,945 62,110 36,835 59,680 23,385 148,263 12,710 6,375 6,247, 2,594 3 , 8 2 0 8 , 7 1 9 2.028 2,194 2,654 1.098 7.271 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 . B o a r d Gold a n d g o l d c e r t i f . h e l d by b a n k s 2,136,053 166,36s 236,79s 10,941 3 8 0 , 5 4 2 16,525 516,337 156,775 195,217 30,340 1,015 2 3 , 3 5 7 241,093 9,199 18,248 2,753,393 193,334 Total 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 . 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 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 b a n k s Uncollected items Bank p r e m i s e s All other resources TOTAL RESOURCES 206,016 19,171 3,436 837,820 166,989 2 3 6 , 3 2 2 90,039 7 4 , 4 9 4 7 0 8 , 0 1 9 5 6 , 5 4 9 3 4 , 4 5 3 19,061 8,673 5 , 5 4 5 2 5 , 7 4 8 77,376 9,4o4 49,283 4,070 6,592 17,770 3,923 26,634 8 3 , 7 7 6 34,99s 1 9 9 , 9 3 3 6,062 7 , 5 3 6 9,694 80,039 7 3 3 , 7 6 7 8 6 , 7 8 0 5,64s 13,50s 4 , 2 3 6 53,35S 2,316 39,333 2,341 42,584 3,475 209,632 3,332 1,201 12.389 1,457 IS.365 2,527 13.296 11,246 1,023 13,590 20,323 1 5 , 5 2 3 631 391 ::vi 26,952 45,639 72,591 3,239 13.933 17,277 11,777 14,242 25,269 11.774 28,027 70.148 19,599 41,333 14,052 90,922 11,372 61,437 32,541 35,433 is,199 2,343 3,253 3,102 420,365 380,721 1,049,475 20,350 21,337 79,04i 190,273 145,773 375,241 31,229 30,360 77,236 36,493 40,479 4b,050 3,336 1,427 24,483 155,534 7,26s 55,267 35,655 p3,121 62,344 10,581 10,751 5,970 8,032 10,167 2,319,249 141,770 2,66s 211 15,016 329 293,341 33,430 39,029 28,921 154,186 1,851,061 121,228 6,051 - 64,133 6,223 55,434 213,005 5,455 426,704 59,820 623,664 8,451 2,959,409 73,097 272,51s 72,294 10,354 7,391 394,369 201,442 255,833 4,210 20,057 4,529 13,589 93,712 3,990 4,469 4,935 9,442 22,122 2 7 . 4 2 2 2 1 . 4 9 2 26,591 3 2 , 3 5 7 3 0 , 9 3 4 2,766 1 , 3 0 1 4 , 5 2 5 9,64s 9,594 40,775 6,253 4.993 6,823 10,701 10,622 49,126 1 4 , 9 0 8 1 0 , 6 9 5 1 2 , 9 5 3 101,310 2 5 . 7 : 4 2 6 . 4 5 9 1 3 4 . 9 0 9 37,310 2 6 . 7 5 b 3 2 . 5 0 7 711,292 139,325 178,282 47,133 46,675 274,810 66,156 54,728 57,267 4,31s 1,603 130 205,668 214,025 960 269 287 317,904 3,850 79,666 14,317 27,240 354 910 2,901 733 7,963 1,237 26,544 29,23s 76,490 50,333 310,370 ic 6 977 762 3,617 3,26s 7,390 2,489 3,748 22,219 93 373 1,787 34,779 7,828 2,515 78, 430 69, 079 IS 1, 290 1 1 , 375 3 , 4 •Si l , 166 11 734 7 , 282 1, 335 1, 502 4,705 30,721 123,444 - 73 , 4 3 1 47,425 199,274 77 1 .487 15 ,397 3 ,649 234 2,302 10,127 15,394 375 74 is4 1,757 4,433 935 1,299 5,772,451 3 9 3 , 9 6 3 1,353,863 4 4 2 , 4 6 3 5 1 3 , 7 4 0 209,379 I S O , 5 0 7 3 4 0 4 , 9 2 7 187,256 136,217 1 9 2 , 1 4 5 107,005 4 4 0 r 9 S o RESOURCES AH) LIABILITIES OF THE FEDERAL RESERVE BAMS OH AUC-UST 2 4 , ( I n thousands of d o l l a r s ) L I A B I L I T I E S Total J.B.notes in actual circulation Deposits: 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 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 for f o r e i g n correspondents Total c o l l a t e r a l Hew York 2,824,805 200,311 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 Federal reserve notes: I s s u e d to F.R.Bank by F . R . A g e n t H e l d 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 t o baa 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 Boston Phila. 539,343 252,555 Cleve. R i c h . A t l a n t a Chicago S t . L o u i s 291,436 111,557 108,535 713,284 100,482 1932 B-801c Minn. Kans.Cy. D a l l a s San F r a n , 79,312 94,820 37,513 245,627 2,i4i,70i 130,388 1,027,912 117,007 142,704 52,085 42,314 289,716 52,806 37,226 66,914 42,405 140,224 29,512 1,620 6,563 1,609 2,034 2,758 2 , 8 8 7 3 , 1 2 5 3,093 1,123 1,705 1 , 7 9 3 1,202 12,057 821 4,778' 1,112 1,091 432 400 1,447 378 238 313 302 745 19,265 224 7,2oG 57 2,275 2 , 5 2 4 366 321 840 320 232 71 4,747 2,202,535 1 3 3 , 0 5 3 1,046,541 119,755 148,104 5 7 , 7 9 9 45,967 294,609 5 7 , 1 1 7 3 8 , 9 0 7 69,164 4 4 , 5 7 1 1 4 6 , 9 1 8 294,679 33,664 77,472 25,i4i 29,134 2 1 , 7 9 9 7 , 9 3 1 3 4 , 9 9 1 1 3 , 8 7 4 7 , 0 5 5 1 5 , 1 5 6 11,094 17,368 1 5 3 , 3 3 9 10,911 59,172 16,145 14,221 5 , 1 7 0 4,861 16,966 4,456 2,920 4,068 3,912 10,537 259,421 20,039 7 5 , 0 7 7 26,486 27,640 1 1 , 4 8 3 10,449 38,411 10,025 6,356 8,124 7 , 6 2 4 1 7 , 7 0 7 37,672 985 11,258 2,321 3,205 1 , 5 7 1 2,764 6,666 1,302 1,667 813 2,291 2,829 5,772,451 398,963 1,858,863 442,463 513,7^0 209,379 180,5071104,927 187,256 136,217 192,145 107,005 44o,986 58. M 63.9 54.1 54.7 58.2 58.3 51.8 72.8 55.1 45.1 54.; 51.9 53.4 55,009 4,182 5,667 17,923 5,557 2,201 2,036 7,373 1,926 1,210 1,596 i,54l FEDERAL RESERVE HOTE STATEMENT 3,071,449 221,555 246,644 21,244 2,824,805 200,311 1,039,927 47,010 411,358 594,800 18,083 4o,6oo 3,083,350 221,910 1,037,265 116,217 662,763 266,296 304,910 116,53s 127,539 749,485 108,870 8 1 , 9 9 8 1 0 3 , 9 3 1 43,027 284,537 73,420 13,711 13,474 4 , 9 8 1 1 9 , 0 0 4 3$,201 2,686 8,388 9,111 5,514 38,910 5 8 9 , 3 4 3 252.5S5 291,436 1 1 1 , 5 5 7 108,535 713,284 100,482 79,312 94,820 37,513 245,627 76,320 7 1 , 9 7 0 12,920 72,000 7 4 , 0 8 0 1 1 7 , 0 0 0 56,780 88,506 60,965 3 2 , 5 9 1 2 8 , 0 9 3 72,000 55,000 85,000 1 9 , 0 0 0 664,183 266,365 306,561 116,793 431,677 13,500 42,500 31,119 41,000 128,119 249,945 20,810 12,635 9,880 12,260 81,000 365,000 41,300 24,200 49,800 11,125 67,263 3 0 , 8 8 9 1 0 , 5 3 5 1 2 , 7 8 0 20,25s 1 5 , 7 9 8 61,741 108,000 36,300 32,900 26,000 4,000 75,000 753,834 108,945 82,515 105,938 43,183 285,004 MATURITY DISTRIBUTION OF BILLS AHD SHORT TERM SECURITIES Total B i l l s discounted B i l l s b o u g h t i n open market C e r t i f i c a t e s and b i l l s Municipal warrants 3,797 -Within 1^ days 426,704 35,433 1,049,475 6,051 l 6 t o 30 days 31 t o 60 days 6 l to 90 days 295,875 8,111 32,797 51,812 65,44l 5,684 179,425 I37 34,461 10,346 8,529 8,447 217,690 35 112,100 9 1 days tc 6 months 11,242 73,025 19$ Over 6 months 517 401,794
@FedFRASER