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STATEI/IEl^T FOE TEE PRESS B-S01 F e d e r a l R e s e r v e Board December 2Q, 1932. Released f o r p u b l i c a t i o n F r i d a y morning, Dec. 30; not e a r l i e r . C07DITI0F OF FEDERAL RESERVE BAHCS 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 banlc c r e d i t o u t s t a n d i n g d u r i n g t n e week e n d i n g December 2S, a s r e p o r t e d b y / F e a e r a l r e s e r v e b a n k s , was $ 2 , 1 8 9 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 3 , 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 $ 1 7 0 , 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 1 4 3 1 . On December 28 t o t a l r e s e r v e bank c r e d i t amounted t o $ 2 , l 6 o , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 1 2 , 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 a d e c r e a s e of $ 4 3 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n and an i n c r e a s e of $ 1 7 , 0 0 0 , 0 0 0 i n monetary g o l d s t o c k , o f f s e t i n p a r t by an i n c r e a s e of $ 3 6 , 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 a d e c r e a s e of $ 1 2 , 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 . H o l d i n g s 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 $ 5 , 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 A t l a n t a , and d e c l i n e d 5 4 , 0 0 0 , 0 0 0 a t iTew York and *3 > 0 0 0 , O j O a t a l l F e d e r a l r e s e r v e banks-. The System 1 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 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 t h e week, 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 $ 3 , 0 0 0 , 0 0 0 and t h o s e 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 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 the week and t h e y e a r e n d i n g December 2S, 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 Dec. 28 1932 Dec. 21 1932 Dec. 30 1931 ( I n m i l l i o n s of d o l l a r s ) 267 33 - 3 - 17 - s +1,o4s 31 TOTAL RESERVE BA2TK CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 2,l6S 4,505 1.S9S -12 +17 -12 + 137 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 5,627 2,482 402 -43 +3b + 1 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 1,251 - + + 757 294 54 159 63 1 < .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 3 0 , 1 9 3 2 ; n o t e a r l i e r , B-SOlc RESOURCES AKD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAHS COMB HIED ( i n t h o u s a n d s of d o l l a r s ) Dec. 2 8 , 1 9 3 2 Dec. 21,1932 Dec. 3 0 , 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 2,335,345 2,297,515 40,350 2,090,372 58,077 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 2,376,176 346,342 2,337,865 2,148,449 321,942 3,148,531 173,322 3,111,621 335,570 503,545 2,987,564 167,459 3,321,253 84,034 3,280,991 77,760 77,372 192,937 R E S O U R C E S Total reserves . . . . ITon-reserve c a s h 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 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 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 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 Gold h e l d a b r o a d 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 Ho,831 426,013 189,622 267,382 451,814 169,370 70,234 3,155,023 74,610 594,833 33,307 270,315 33,221 429,050 1,023,883 326,975 420,740 420,703 344,626 1,133,578 286,908 1,143,088 1,850,737 1,350,699 30,843 427,759 803,228 5,649 5,571 2,157,075 2,159,806 72,63s 2,976 95,550 2,80S 13,556 296,419 31,130 2,185,216 35,802 8,662 20,056 443,521 59,531 39,151 6,105,130 6,075,829 5,985,820 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 e p o s i t s 2,735,45s 2,756,363 2,613,104 2,481,674 42,172 19,053 20,339 2,446,056 36,249 19,221 2,322,787 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 2,563,23s 2,521,39s 348,639 151,314 259,421 47,060 341,884 151,334 259,421 45,429 2,480,109 435,291 160,553 274,636 22,127 6,105,130 6,075,829 5,985,820 TOTAL RESOURCES 14,775 356,736 58,212 36,831 358,810 58,212 L I A B I L I T I E S TOTAL LIABILITIES . . . . . . . . . . . 19,872 50,705 77,259 29,358 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 . 62.7# 62.2^ 61.90 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 36,332 36,171 248,529 SERVE BAECS OF DECEMBER 28, 1932 Jj .lALILII'Iio 3? T£S JKJ2,HE B-801c ( 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 New York P h i l a . C l a v e . R i c h . A t l a n t a Chicago S t . L o u i s Minn. .Cans. Cy. D a l l a s San F r a n . 2,735,458 197,SOU 578,710 239,524 288,045 102,888 97,716 690,910 103,243 80,995 91, 131 39,027 225,365 LiaLul '.illO L I A B I L I T I E S IP,3. 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 t a n k - r e s e r v e a c c o u n t Government F o r e i g n banl: 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 foreign correspondents Federal reserve notes: I s s u e d t o F.H.Bank by F . R . A g e n t Held by F e d e r a l r e s e r v e b a n k 2,481,674 42,172 19,053 20,339 2,563,23s 348,639 151,314 259,421 47,060 6,105,130 62.7 36,33c 118,062 1,255,044 118,669 140,784 50,079 2,068 5,783 3,773 1,566 993 1,480 5,929 2,006 1,967 779 66 5,823 101 2,828 1,9-5 121,676 1,272,579 124,549 147,145 53,846 42,260 95,947 27,439 33,429 28,329 10,356 58,619 16,069 14,101 5,142 20,039 75,077 26,486 27,640 11,483 1,103 16,673 3,142 3,820 2,021 393,73S 2,,097,605 437,309 514,180 203,709 71.7 57.0 56.7 59.2 62.2 2,752 3,729 3,657 1,44s 720 943 2,609 1,12b 60,07s 412,93s 10,353 33,745 4,680 16,157 10,449 38,411 2,943 7,250 186,2191,204,411 55.6 77.3 1,340 4,852 4 5 , 7 6 1 142,428 56,252 1,926 39,35S Sol 6 o, 500 763 2,930 1,182 327 190 ML 681 565 428 2,528 1,344 5,121 4 5 5 6o,o4l 40,974 68,118 49,873 151,^21 16,292 7 , 8 5 4 17,439 12,34s 18,204 4,360 2,885 4,052 3,910 10,483 10.025 6,356 8,124 7,624 17,707 1.399 1,8/3 1,090 2,329 hMl 426,597 195,360 i4o,537 1S9, 954 115,111 5S.S 1,267 49.3 58. 3 797 1,050 50.1 63.9 1,014 2,49s FEDERAL RESERVE MOTE STATEMENT 2,999,717 218,931 264,259 21,127 2,735,^58 197,so4 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 Gold and g o l d c e r t i f i c a t e s 1,105,285 47,010 Gold f u n d - F . E. Board 1,230,060 137,217 E l i g i b l e paper 252,304 13,360 U. S. Gov* t . s e c u r i t i e s 428,500 21,4oo Total c o l l a t e r a l 3,016,149 218,987 B i l l s discounted B i l l s bought 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 11,934 43,504 405,133 14,911 4,070 666,65 4 255,800 301,546 110,490 115,861 730,773 lii,77S 7,602 18,145 39,863 8,535 87,944 16,176 13,501 578,710 239,6245288,045 102,888 97,716 690,910 103,243 80,995 9 i , i 3 i 39,027 225,365 13,5^0 9, 680 28,500 51, 800 8,128 11, 136 34,900 29, 000 85,06s 101,616 11,100 97,263 5,065 15,144 16,000 68.000 44,405 263,407 473,610 78,290 71,470 18,430 129,000 76,710 119,500 57,270 57,389 49,561 26,111 17,192 9,000 52,000 85,000 18,000 668,999 256,561 302,081 110,892 Total Within 15 days 267,382 187,581 33,307 1,133,578 5,649 6,452 58,355 5,340 84,407 99, 767 44,096 259,614 s.o6q 34.249 3,412 J u 616 13,500 46,500 25,590 32,000 117,590 262,870 21,645 428,000 47,200 16,S01 6,827 27,000 36,200 734,671 111,872 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to l 6 to 30 days 31 to 60 days 6l to 90 days 6 months 9,364 20,288 29,013 19,503 5,742 H9,75S 296 10,385 151,525 10,72s 224,284 13 307,772 12,240 83,000 Over 6 months 1,633 271,
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