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STATEMENT FOB THE PRESS Heleased f o r p u b l i c a t i o n F r i d a y morning, Dec. l b ; not e a r l i e r . B-801 F e d e r a l R e s e r v e Board December 15, 1932. COTOITIOH OF FEDERAL B3S13VE BAITS Tne 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 weex e n d i n g Decemoer l 4 , 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 $2,194,uOO,000, a d e c r e a s e of $ 1 5 , 0 0 0 , 0 0 0 compared w i t h t h e p r e c e d i n g week and an i n c r e a s e of $ 2 8 8 , 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 I g ^ l . On December 14 t o t a l r e s e r v e bank c r e d i t amounted to $ 2 , 1 8 9 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 8 , u 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 $ 5 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n .'B.r.d $ 4 , 0 0 0 , 0 0 0 i n unexpended c a p i t a l f u n d s , nonmernber d e p o s i t s , e t c . , and i n c r e a s e s of $ 1 7 , 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 $ 1 0 , 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 an i n c r e a s e of $ 3 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 l i n e d $ 1 0 , 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 and $ 1 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 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 b o u g h t i n open m a r k e t and of U n i t e d S t a t e s Government bonds show l i t t l e change f o r the week, w h i l e h o l d i n g s 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 i n c r e a s e d ^ 2 2 , 0 0 0 , 0 0 0 and t h o s e 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 d e c r e a s e d by t h e same amount. 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 December 14 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 Dec. 1-' 1 12 Dec. 7 1':' 32 Dec. l 6 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 Special Treasury c e r t i f i c a t e s Other U n i t e d 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 284 34 -15 20 +6 - 4l4 - 273 - 198 +1,143 43 TOTAL RESERVE BAM CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 2,189 4,3$9 1,924 - 8 +17 +10 + 215 - 89 + 113 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,nonmernber d e p o s i t s , e t c . 5,654 2,425 393 - 5 —— 1,851 —— +30 - 4 + 86 - 104 + 257 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 , December l 6 , 1 9 3 2 ; n o t e a r l i e r . B-SOla RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n t h o u s a n d s of d o l l a r s ) Dec. 14.1932 Dec. 7 , 1 9 3 2 Dec. 1 6 . 1 9 3 1 R E S O U R C E S 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 . . 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. Board . . Gold and g o l d c e r t i f i c a t e s h e l d "by b a n k s . Total gold r e s e r v e s Reserves o t h e r than gold Total reserves Non-reserve cash B i l l s discounted: S e c . 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 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 Saecial Treasury c e r t i f i c a t e s Other 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 Total 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 b a n k s . . . F . R. n o t e s of o t h e r b a n k s . . . Bank p r e m i s e s All other resources . . TOTAL RESOURCES 2,282,899 35,931 2,327,330 370,791 394,716 3,093,337 155,770 3,279,107 74,449 2,281,059 39,087 2,320,146 367,276 390,641 3,078,063 185,054 3,263,117 73,324 1,923,146 61,522 1,984,568 362,042 635,334 2,982,044 162,586 3,144,630 61,560 87,953 196,520 234,473 33,769 95,513 203,105 298,618 33,717 358,117 339,791 697,908 307,077 420,669 357,448 420,637 379,175 1,072,609 1,850,726 5.37S 2,174,346 2.7S1 13,455 407,925 58,211 42,889 1,050,865 1,850,677 5,337 2,188,349 2,854 14,436 323,983 58,211 40,351 317,738 20,558 197,500 369,598 905,694 30,672 1,941,351 8,774 15,658 574,585 59,501 37,021 6,053,163 5,964,625 5,843,080 2,713,935 2,723,666 2,528,332 2,424,532 23,700 10,293 26,349 2,484,874 396,415 151,415 259,421 47,103 2,395,484 30,837 14,010 26,485 2,456,816 318,614 151,522 259,421 44,586 2,167,802 2,870 101,402 36,754 2,308,828 550,981 160,670 274,636 19,633 6,053,163 5,964,625 5,843,080 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 a c c o u n t Government 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 C a p i t a l -paid i n . . . . ' Surplus All other l i a b i l i t i e s . . . . TOTAL LIABILITIES . R a t i o 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 63.156 62.9$ 65.0$ 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 35,9H 36,117 214,446 RESOURCES AITD LIABILITIES OF TEE FEDERAL RESERVE 5A1CZS OH DECEMBER l 4 , 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 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. llans.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 2,238',899 183,327 607,444 156,000 182,470 74,500 50,000 666,870 69,915 4 0 , 1 2 0 o l , 4 S 0 20,j60 176,013 C-old 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 38,931 1,686 3,634 5,381 5,814 1,869 3,4l4 3,743 1,610 2,355 2,217 1,313 5,895 C-old 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 2,327,330 185,013 611,073 161,381 188,284 76,369 53,414 670,613 71,525 4 2 , 4 7 5 63,697 22,073 181,908 Gold s e t t l e m e n t f u n d w i t h F . R . Board 370,791 11,137 130,764 23,050 32,597 11,334 5,149 97,329 7,806 7 , 1 5 2 10,049 7,992 26/432 Gold and , ;old c e r t i f . h e l d by b a n k s 394,716 14,867 270,111 2,961 9 , H 7 23,010 5.630 2; 599 9 , 8 5 4 4,279 20,93g 7 , 4 9 5 18,761 Total gold r e s e r v e s 3 , 0 9 3 , 3 3 7 211,017 1,011,953 191,926 239,642 9 0 , 6 6 4 67,630 795,952 85,011 52,226 83,600 34,344 229,322 185,770 16,534 R e s e r v e s o t h e r than g o l d 59,723 19,173 6,843 7,841 8,567 9,522 5,617 9,736 5,243 27,051 9 , 8 6 5 Total reserves 3,279,107 227,601 1 , 0 7 1 , 6 8 1 211,099 249,378 93,505 72,923 823,003 94,376 5 7 , 8 4 3 90,443 4 2 , 9 1 1 233,844 ITon-re s e r v e c a s h 74,449 19,404 4,477 3,813 3,071 4,99s 14,633 3,72s 2,033 3 , 0 8 5 3,290 8,022 3,895 B i l l s discounted: S e c u r e d by U . S . G o v t , o b l i g a t i o n s 4,838 87,953 968 33,127 13,574 10,909 1,836 3 , 0 3 1 5,534 4,206 631 8,683 566 Other b i l l s d i s c o u n t s 196,520 9,349 29,820 3 6 , 8 4 1 19,621 14,627 20,127 12,590 5 , 0 3 3 21,586 3,387 1 1 , 1 7 1 12,313 Total b i l l s discounted 284,473 14,187 62,947 50,415 30,530 16,463 23,208 18,124 5,719 30,269 7 , 5 9 3 11,737 13, 281 B i l l s b o u g h t i n open market 2,261 33,769 80O 612 9,971 3,070 2,483 830 1,976 2,995 974 3,750 3,987 U. S. Government s e c u r i t i e s : Bonds 420,669 20,333 187,204 3 1 , 1 7 1 36,493 9,649 9 , 5 7 2 40,775 13,941 17,176 11,774 17,313 25,26s Treasury notes 357,448 19,512 144,137 27,566 36,15s 9 , 5 5 9 7,244 25,036 y . 5 5 0 11,598 9 , 4 7 3 44,299 13,316 C e r t i f i c a t e s and b i l l s 1,072,609 56,868 401,951 80,532 105,631 27,925 27,586 177,136 38,399 27,397 33,330 21,i64 73,140 Total U.S.Govt, s e c u r i t i e s 1,350,726 9 6 , 7 1 3 733,292 139,269 178,282 4 7 , 1 3 3 46,631 262,210 66,156 5 4 , 6 2 3 57,252 45,721 123,444 Other s e c u r i t i e s 5,378 —— 1,047 3,942 389 R E S O U R C 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 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 2,174,346 113,161 2,781 13,455 407,925 53,211 42,889 223 232 45,409 3,336 971 810,152 193,801 211,807 946 3,738 120,297 14,317 22,270 309 - 466 42,633 2,989 3,215 — — 65,572 73,589 234,321 106 23s n4 3 6l >44 3 7 , 8 7 2 33,390 10,667 2,334 4,050 7,96s 1,321 3,619 1,014 2,439 4oi 1,823 42,351 7,828 1,542 — — 74,723 67,361 71,393 17 924 15,231 3,461 1,159 11 S3 874 17,785 3,649 828 347 7,944 1,835 1,787 52,270 156,196 80 197 277 13,617 1,787 1,905 20,679 4,433 1,291 1,621 5 , 0 5 3 , 1 6 3 3 9 5 , ^ 5 2 , 0 6 3 , 3 0 5 453,457 513,309 208,049 169,836^175,902 194,119 1 3 9 , 1 6 1 188,140 115,523 431,897 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 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 He s e r v e r a t i o ( p e r c e n t ) 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 RESOURCES AFD LIABILITIES OF THE FEDERAL RESERVE BMKS 'OF DECEMBER l 4 , I932 ' B-SOlc ( I n t h o u s a n d s of d o l l a r s ) T o t a l Boston Few York P h i l a . C l e v e . 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 . 577,724 241,033 285,135 102,023 96,662 673,765 102,591 79,995 91,651 3S,92S 226,456 2,713,935 197,942 2,424,532 23,700 10,293 26,349 2,484,874 396,415 151,415 259,421 47,103 6,053,163 63.1 117,935 1,206,979 125,80s 138,274 50,29s 42,154 393,07s 55,940 1,917 2,117 2,082 2,111 1,908 1,459 4,205 1,363 783 3,351 1,061 i,o4o 412 381 1,380 360 81 12,052 176 3,78b 2,049 380 637 1,505 120,716 1,224,499 129,127 145,211 54,667 44,374 399,300 59,l6s 44,812 110,465 40,666 37,412 33,019 10,595 42,818 16,585 10,856 58,619 16,083 l4,i46 5,147 4,580 16,160 4,366 20,039 75,077 26,486 27,640 11,483 10,449 38,411 10,025 1,100 16,921 5,062 3,765 1,710 3,076 5,44s 1,384 395,465 2,063,305 458,457 513,309 208,049 169,3361^75,902 194,119 71.4 59.5 57.0 57.9 62.9 51.7 76.7 58.7 35,911 11,506 2,752 3,730 3,657 1,44s 1,340 1,267 4,852 38,505 64,875 964 923 227 299 223 392 40,088 66,320 7,950 16,832 4,054 2,896 6,356 8,124 1,129 1,876 139,161 188,140 48.2 57.2 797 1,050 46,439 144,247 1,879 2,772 288 711 51 5,017 48,657 152,747 14,162 21,099 3,922 10,436 7,624 17,707 2,230 3,402 115,523 431,897 49.0 63.0 l,0l4 2,49s FEDERAL RESERVE 1T0TE STATELETS Federal reserve notes: I s s u e d to F.R.Bank by F.R.Af:ent Held by F e d e r a l r e s e r v e bank 2,960,303 219,351 246,368 21,909 2,713,935 197,942 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 b a n k s 1,125,479 47,010 Gold and g o l d c e r t i f i c a t e s 1,163,420 136,317 Gold f u n d - F . B. Board 268,735 14,162 E l i g i b l e paper 426,300 22,400 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 2,953,934 219,1 555,881 253,552 297,281 109,530 114,240 711,699 110,777 83,391 100,294 43,389 26o,4lS 78,157 12,519 12,146 7,507 17,578 37,93^ 8,186 3,396 8,613 4,46i 33,962 577,724 241,033 235,135 102,023 96,662 673,765 102,591 79,995 9l,6si 38,923 226,456 488,444 78,490 71,470 18,470 119,000 77,510 111,000 56,030 6o,4o6 50,020 30,491 17,231 48,000 85,000 18,000 667,850 254,020 297,961 109,731 13,500 36,500 24,147 41,000 115,147 262,870 4o4,ooo 17,862 32,000 716,732 20,915 49,000 7,467 33,500 110,882 13,620 26,500 9,671 33,900 33,691 9,680 12,260 88,750 51,300 8,500 87,263 12,472 5,4s4 19,322 27,000 17,500 68,000 100,952 43,744 263,335 MATURITY DISTRIBUTION OF BILLS AID SHORT TERM SECURITIES 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 C e r t i f i c a t e s and b i l l s Municipal warrants W i t h i n 15 days 284,473 33,769 198,229 4,074 5,378 3,951 1,072,609 63,000 l 6 to 30 days \Cc 22,969 2,766 53,356 1,139 31 to oO days 32,119 1,923 177,733 288 61 to 90 days months^ Over 6 months 19,724 9,700 1,732 143,550 302,019 327,951 25,006
@FedFRASER