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STATEMENT TOR TEE PRESS Released f o r p u b l i c a t i o n F r i d a y morning, Feb. 26; not e a r l i e r . B-69O F e d e r a l R e s e r v e Board, F e b r u a r y 25, 1932. C01TDITI0F OF FEDERAL RESERVE BANKS The d a i - 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 * n ! ^ " g F e b r ' l a r - y 24, 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 ? >1(0,000,000, a d e c r e a s e of $20,000,000 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 v 8 o 2 , 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 F e b r u a r y 24 t o t a l r e s e r v e bank c r e d i t amounted to $ 1 , 7 3 4 , 0 0 0 , 0 0 0 , a d e 300,000 f o r the *^ nnn°nnn week. This 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 b a n k r e s e r v e r S ' n o o 1 b a l a n c e s , $ 1 7 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n and * 3 4 , 0 0 0 , 0 0 0 i n unexpended c a p i t a l f u n d s , nonmember d e p o s i t s , e t c . , o f f s e t in p a r t by d e c r e a s e s of $ 1 9 , 0 0 0 , 0 0 0 i n monetary g o l d s t o c k and $ 1 2 , 0 0 0 , 0 0 0 i n T r e a s u r Jy currency a d j u s t e d . a - >T 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 $ 9 , 0 0 0 , 0 0 0 a t t h e F e d e r a l Reserve Bank of New York, $4 000,000 a t Chicago and $ 1 1 , 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 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 $ 1 3 , 0 0 0 , 0 0 0 , of United S t a t e s bonds $ 1 , 0 0 0 , 0 0 0 and of T r e a s u r y n o t e s $ 3 , 0 0 0 , 0 0 0 , ' 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 , 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 items d u r i n g t h e week and t h e y e a r ending F e b r u a r y 24, I932, 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 F e b . 24 1932 F e b . 17 1932 F e b . '25 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 - 11 13 - 22 1,734 4,350 1,720 - 47 19 12 + S30 Money i n c i r c u l a t i o n 5,592 Member bank r e s e r v e b a l a n c e s 1,373 Unexpended c a p i t a l funds,nonmember dep s i t s , e t c . 395 - 17 26 34 +1,023 - 500 TOTAL RESERVE BAM CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 835 133 74l 25 + 645 + + 142 17 + 27 - 313 4 8 Released f o r p u b l i c a t i o n F r i d a y morning, Feb. 26,1932; n o t e a r l i e r . B-b90a H3S0TJBCSS ATD LIABILITIES OF THE TTSLTrE FEDERAL RESERVE 3A-TES COIEI^ED ( i n thousands of d o l l a r s ) Feb. 24,1932 Feb. 17,1932 Feb. 25,1931 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 w i t h U.S. Treasury 2,037,032 55,745 2,053,930 56,494 1,724,039 3U.lj.S7 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 gold c e r t i f i c a t e s h e l d by banks 2,092,777 2?5,549 559,222 2,110,424 1,758,556 T o t a l gold r e s e r v e s Reserves o t h e r than gold . 2,937,54s 202,214 2,943,586 201,95s 3,145,544 77,067 Total r e s e r v e s ^ 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.Si 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 U n c o l l e c t e d items Baric p r e m i s e s All other resources TOTAL RESOURCES 3,139,762 75,546 472,060 350,706 270,737 562,375 3,081,322 179,194 3,260,516 76,037 364,063 471,180 473,165 372,616 60,473 129,374 235,243 133,332 845,781 146,382 189,847 319,241 73,497 347,818 319,97s 740,556 741,342 14,681 1,723,862 106,317 75,731 183,074 340,638 75,504 345,860 . 599,443 29,995 1,763,500 13,810 421,531 57,820 39,917 895,607 699 15,750 522,264 55,192 19,085 5,455,926 5,527,754 4,848,150 3,595 15,215 398,132 57,321 39,733 8,595 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 account . . . . Government Foreign bank Other d e p o s i t s 2,642,327 2,656,941 1,443,416 1,577,793 4°,302 16,399 30,002 1,904,246 2,375,411 33,848 42,813 ",200 lb,111 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 1,973,496 396,426 157,257 259,421 28,899 2,013,121 2,427,569 5,458,9:5 5,527,7-4 TOTAL LIABILITIES . . . 27,214 412,877 157,915 259,421 27,509 25,847 "15,070 165,135 274,636 13,324 4,848,150 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 . . . 68.Od, 67.44 84.11 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 313,281 315,348 453,314 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS OF FEBRUARY 24, 1932 ( I n thousands of d o l l a r s ) B-690b T o t a l Boston Hew York P h i l a . Cleve. 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 . 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 , 2,037,032 164,52? Gold redemption f u n d w i t h U . S . T r e a s u r y 55,745 4,628 438,21? l 6 2 , ? 0 0 212,4?0 11,192 7,012 6,332 ?6,1?0 2,259 83,775 5^5,320 71,295 3,234 6,506 2,3j?l 5M55 88^ F . R. n o t e s ^ ^ 2,092,777 Gold s e t t l e m e n t f u n d w i t h F.R.Board 285,549 Gold and g o l d , c e r t i f . h e l d by banks 559,222 Total gold reserves 2,937,548 R e s e r v e s o t h e r than gold 202,214 449,409 l4?,6?? 354.330 951,4l6 52,24l 169,712 78,429 9,237 6,335 9^,001 10,924 87,009 551,826 54,944 59,189 5 , ^ 9 11.773 2J29—12,633 62,962 83,595 7,0*4 7,389 9,858 3,4?1 *3,287 9,87o 149,998 9,100 34,908 19^.006 12,5.2 ?0,oo6 53,165 206,558 & Total reserves l o n - r e s e r v e cash T B li3atlons 1!HtS?S^;ef Total b i l l s discounted B i l l s bought i n onen market 169,255 9,952 19.418 198,625 19,300 218,802 10,356 2 9 , 8 4 l 26,64? 24,086 206,715 272,729 22,091 15,097 3,139,762 217,925 1,003,65? 228,806 75,546 7,368 19,798 5,02? 287,826 3,672 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 EHFiEF" i " f : : : o u r C e s TOTAL H3S0URC3S 6,858 6,999 8.981 28,209 54,226 11,858 5,126 28,086 11,986 102,989 634,261 92,962 104,925 108,115 662,347 104,948 4,45l 4,466 3,780 12,011 x 835,243 133,382 39,599 8,609 168,980 36,746 122,808 6,567 121,217 7,494 3M31 7,172 47,905 7,875 n :ts m as :s ® T o t a l U . S . Govt, s e c u r i t i e s 74,246 740,556 14,681 55,968 1,723,862 105,261 1,085 273,618 6,358 58,463 1,911 68,572 - 4S5,?02 189,749 197,283 71,549 20,©79 1,937 j:tS 21,603 5,809 14,636 3,7°9 56,080 ^lCQ 9i,4s4 £ % I:'T7 3,665 ^ 39,361 7,190 15,148 4,500 7,243 137,806 lb,952 m m is si 12,636 107,315 2?,886 27,656 19,258 525 600 2,400 580 422 56,408 69,016 201,943 55,8?8 46,503 65,809 l4,0S0 ^ 29,958 2,128 i i J M J - I S 4 IS a 4 ^ 28,960 1^2,763 22° LLS22 ^ ™ 27,363 *7,741 SOO 4 ? , O i l 203,299 4 4 ™ 5 , 4 5 8 , 9 2 6 379.421 1,655.313 464,739 540,543 205,605 201,456 940,335 187,453 128,942 187,089 121,857 446,173 L I A B I L I T I E S F.R.notes in actual 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 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 Reserve r a t i o ( p e r c e n t ) 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 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 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 agent as 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 gold c e r t i f i c a t e s Gold fund - F. E. Board"" E l i g i b l e paper T o tal c o l l a t e r a l RESOURCES AND LIABILITIES OP THE FEDERAL RESERVE 3AECS OH FEBRUARY 24, I932 ( i n thousands of d o l l a r s ) B-69OC To t a l Boston Few York P h i l a . Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cv. D a l l a s San F r a n . 2,642,527 181,306 1,877,793 49,302 16,399 1,882 1,229 30,002 90 1,973,496 122,057 396,426 43,428 157,857 11,643 259,421 20,039 785,866 118,671 137,557 25,318 2,206 20,013 419 5,499 1,666 2,562 1,633 2,901 313,251 23,567 51,309 2,603 647 138 836,696 122,962 144,653 5 4 , 6 9 7 106,324 35,072 4o,499 29,221 60,300 16,368 14,629 5,376 75,077 26,486 27,640 28,899 94s 9,241 1,302 2,330 5,458,926 379,421 1,655,313 464,739 540,-543 68.0 71.8 63.2 71.5 59.4 11,483 1,049 48,802 2,230 598 177 51,807 11,937 4,982 10,449 2,518 205,605 201,456 66.2 63.0 258,039 56,951 2,448 1,927 566 2,167 s4o 655 263,023 60,620 47,604 17,866 40,817 1,228 356 354 68,241 982 469 85 42,755 6,780 2,947 6,356 69,777 20,528 4,49s 4,152 17,735 8,124 3 8 , 4 l i 10,025 1,476 3,964 1,374 783 940,335 187,453 128,942 187,089 62.9 59.7 6s.3 79.5 101,621 32,346 31,71s 12,561 11,619 42,081 10,991 6,909 9,107 49,801 142,833 2,091 453 3,825 1,116 47 4,283 52,392 152,057 4,043 7,624 11,184 17,707 121,857 446,173 52.5 14,632 22,235 1,630 2,284 57.0 8,793 21,668 FEDERAL RESERVE FOTE STATEMENT 2,908,345 202,757 622,241 279,566 327,747 113,580 137,313 627,540 •96,337 70,382 94,580 46,375 289,847 265,51s 21,451 54,566 17,017 16,955 9,801 17,550 57,942 3,317 1,754 11,155 5,493 45,457 2,642,827 151,306 567,675 262,549 310,792 103,779 119,763 569,59s 93,070 68,62s S3,425 40,882 241,360 737,952 1,299,050 47,010 117,617 921,023 45,646 2,955,055 210,273 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 118,856 567,675 262,549 310,792 103,779 119,763 569.59s 93,070 6s,62s 83,425 40,882 24l,36o 835,243 133,382 347,815 4,051 323,217 57,400 64,470 11,570 12,775 97,320 15,495 115,000 105,300 148,000 64,6oo 71,000 448,000 56,400 194,446 119,022 125,329 40,305 53,994 87,237 24,532 632,663 251,722 337,799 116,475 137,769 632,527 96,427 Within 15 days 651,541 50,110 22,338 3,702 13,155 9,280 12,260 74,000 40,900 46,800 16,700 68,763 16,725 44,069 18,151 151,597 70,750 100,i49~T7.ll! 2947360" MATURITY DISTRIBUTION OF BILLS AH) SHORT TERM SECURITIES 91 days to l 6 to 30 days 31 to 60 days 61 to 90 days 6 months 46,619 72,387 15,258 45,350 21,129 26,554 25 35,564 61,295 7,050 54,690 38,136 229 130 20 Over 6 months 4,058 134,309
@FedFRASER