The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS B-801 Federal Reserve Board January 26, 1933• Released f o r p u b l i c a t i o n Friday morning, Jan.. 27; not e a r l i e r . CONDITION Of FEDEftAl RESERVE BANKS The d a i l y average volume of Federal reserve bank c r e d i t outstanding during the week ending January 25 f a s r e p o r t e d by the Federal r e s e r v e banks, was $2,080,000,000, a decrease of $2^,000,000 compared with the preceding week and an i n c r e a s e of $267,000,030 compared with the corresponding week in 1932* On January 25 t o t a l reserve bank c r e d i t amounted to $2,067,000,000, p r a c t i c a l l y unchanged from a week ago. A decrease of $32,000,000 i n member bank r e serve balances was o f f s e t by i n c r e a s e s of $9,000,000 i n money in c i r c u l a t i o n and $14,000,000^1^ unexpended c a p i t a l funds t nonmember d e p o s i t s , e t c . , and a decrease of $ 1 0 , 0 0 0 / S monetary gold s t o c k . Holdings of discounted b i l l s increased $12,000,000 a t Segi Francisco and $16,000,000 a t a l l Federal r e s e r v e banks* The System's holdings of b i l l s bought i n ope^n market and of United S t a t e s Government bonds show p r a c t i c a l l y no change f o r the week, while holdings of Treasury notes increased $9 f 000,000 and those of Treasury c e r t i f i c a t e s and b i l l s decreased $2*+,000*000. Changes in the amoomt of r e s e r v e . b a n k 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 during the week and the year ending January 25, 1933* were as f o l l o w s : Increase or decrease since J a n . 25 j - m — J a n . 18 1933 Jan. 27 1932 (In 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 U.S. Government 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 265 31 1,763 7 + 16 - 1 - 15 - 2 573 - 131 +1,011 - 39 TOTAL EESEHFS BAM CREDIT Monetary g o l d stock Treasury currency a d j u s t e d 2,067 ^,556 1,912 - 1 - 10 + 1 + Money i n c i r c u l a t i o n Member bank r e s e r v e balances Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 5,611 2,513 Ull + 9 - 32 + lH _ + 269 130 136 + + 22 562 + - Released, f o r p u b l i c a t i o n Friday morning, January 27,1933; n o ' t e a r l i e r . B-SOlc RESOURCES ATD LIABILITIES OF THE TWELVE: FEDERAL RESERVE BAKES COMBIIT3D (In thousands of dollars) Jan. 25,1933 J a n . 18,1933 Jan, 27,1932 2,390,103 37,736 2,427,839 >+32,095 39S,767 3,252,701 201/498 2,377,803 39.233 2,063,879 RESOURCES Gold with Federal reserve agents . . . . . Gold redemption fund with U.S. Treasury . Gold held exclusively against F.R.notes Gold settlement fund With F. R. Board . . Gold and gold certificates held by "banks . Total gold reserves . . . . . Reserves other than gold Total reserves . . . . . Bills discounted: Sec. by "J. S. Government obligations . . Other b i l l s discounted Total b i l l s discounted . . . . B i l l s bought in open market U. S. Government securities: Bonds Treasury notes . Certificates and b i l l s Total U.S. Government securities . . Other securities Total b i l l s and securities . . . . Gold held abroad Dae from foreign banks F. R. notes of other banks Uncollected items Bank premises All other resources TOTAL RESOURCES 2,417,036 408,070 411,335 3,236,441 198,238 3,460,199 86,443 3,^,679 87,570 68,51+3 196,155 264,698 31^96 66,496 182,172 248,668 31.926 1+20,890 420,755 59,493 2,123,372 333,756 529,853 2,986,986 198,520 3,185,506 77,315 451,664 385,975 837,639 162,261 320,383 319,760 1,022,661 310,426 1,047,012 1,763,311 4,526 M l 1,778,193 4,597 2,063,384 51,091 3,259 300,746 53,380 46,838 344,921 53,880 42,281 8,608 15,748 353,251 57,819 37,351 6,044,665 6,097,376 5.523,510 2.705,667 2,697,295 2,627,296 2,513,199 12,811 33,640 27,554 2,587,244 2,545,151 17,842 20,539 24,340 2,064,031 13,589 3 15,1+52 16,311 51,070 380,263 751,716 36,296 1,787,912 — L I A B I L I T I E S F. R. notes in actual circulation Deposits: Member bank - reserve account Government Foreign bank . . . . Other deposits . . . . Total deposits . . . . Deferred availability items . . . . . . Capital paid in Surplus All other l i a b i l i t i e s TOTAL LIABILITIES . . . 301,65s 151,201 2,607,872 352,001 20,296 343,716 151,288 278,599 18,606 159,233 259,421 6,044,665 6,097,376 5,523,510 278,599 Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . . 65.4$ 64. Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 41,831 40,724 1,945,217 38,555 79,937 35,783 2,099,492 26,067 67.4$ 304,777 RESOURCES A1TD LIABILITIES OF THE FEDERAL RESERVE BAI1KS OK JAEUART 25, I933 ( I n thousands of d o l l a r s ) B-801b T o t a l Boston ITew York P h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Xans.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 2,390,103 200,327 573.293 163,500 189,970 75,000 6 l , 4 0 0 708,510 104,155 44,490 66,480 1 9 , 7 1 5 1 8 3 , 2 6 3 Gold redemption f u n d with U.S.Treasury 37,736 1,902 5.333 5.195 5.588 1,719 2,750 2,917 1,405 2,156 1,985 1,293 5,^8 Gold h e l d e x c l u s i v e l y a g a i n s t 578,631 168,695 195,558 76,719 64,150 F . R. n o t e s 2,427,839 202,229 711,427 105,560 46,646 68,465 21,008 188,751 126,010 2 3 , 8 3 4 2 8 , 3 0 2 11,313 5,864 120,969 1 4 , 6 2 0 9,801 16,935 Gold s e t t l e m e n t f u n d with F.R.Board 432,095 39,710 9,387 25,350 15,064 2 8 1 , 4 4 9 1,85s 7,828 18,818 2,876 24,821 s,o4o Gold and gold c e r t i f . h e l d by ba>iks 3,830 22,947 398,767 2,493 8,743 T o t a l gold r e s e r v e s 3,258,701 257,003 986,090 200,357 242,678 90,908 7 8 , 7 5 7 8 5 7 , 2 1 7 122,673 5 8 , 3 0 5 9 3 , 4 4 0 34,225 237,048 201,49s 18,373 8,630 1 0 , 5 0 3 64,616 2 1 , 0 4 4 1 3 , 5 7 6 10,360 5,844 9,508 4,409 Reserves o t h e r than gold 7,255 27,375 Total reserves 3,460,199 275,381 1,050,706 221,401 256,254 101,268 84,601 884,592 132,181 62,714 100,695 4 2 , 8 5 5 2 4 7 , 5 5 1 4,474 7,162 25,660 86,443 2,582 5 , 0 1 2 Non-reserve cash 3,856 2,361 6,73^ 4,317 5,197 3,765 15,323 B i l l s discounted: 65,543 694 1,784 3,493 Secured by U.S.Govt, o b l i g a t i o n s 3,809 9,770 1,667 358 2 7 , 0 5 7 10,925 3,295 313 5,373 1 0 , 2 0 4 196,155 3 1 , 6 2 4 1 2 , 0 8 3 1 0 , 8 78 36,690 Other b i l l s d i s c o u n t e d 17,009 13,994 15,851 3,749 31,377 8,479 4,217 Total b i l l s discounted 264,69s 1 1 , 9 7 7 5 8 , 6 8 1 47,615 2 6 , 7 7 9 1 5 , 7 7 8 1 7 , 5 1 8 4,062 36,750 15,892 7,512 10,562 11,572 2,161 856 3 , 8 4 s 946 S56 31.^96 640 B i l l s bought i n open market 9,561 2,790 1,651 2,151 3,115. 2 , 9 2 1 U. S. Government s e c u r i t i e s : 4 2 0 , 8 9 0 20,251 1 8 7 , 0 5 3 31,053' 3 6 , 3 3 9 9,605 41,176 1 3 , 8 8 2 1 7 , 1 4 7 11,826 1 7 , 8 1 4 25,160 Bonds 9,579 319,760 1 7 , 8 1 8 Treasury n o t e s 8,644 8,750 8,743 10,615 7 , H 7 22,917 127,135 25,233 3 3 , 0 9 7 37,503 1 2 , 1 8 8 1,022,661 5 3 , ^ 8 0 3 8 4 , 2 5 1 75,73*+ 9 9 , 3 3 8 2 6 , 2 6 4 2 5 , 9 4 4 C e r t i f i c a t e s and b i l l s 1 7 2 , 8 2 3 3 6 , 5 8 5 26,237 31,861 21,361 6 8 , 7 8 3 Total U.S. (Sovt. s e c u r i t i e s 693,444 132,020 168,774 44,619 44,167 251,502 62,655 5 2 , 1 2 7 54,302 46,292 116,S60 1,763,311 9 1 , 5 4 9 — Other s e c u r i t i e s 4,526 — — 3,488 1,025 — — — — — — 13 RESOURCES 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 abroad 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 Bank p r e m i s e s All other resources TOTAL RESOURCES 2,064,031 105,687 13,589 3,487 15,452 300,746 53,880 46,83s — 228 2y2 33,383 3,280 625' 770,174 133,775 198,474 6 2 , 0 4 8 — 13,539 116 1,600 328 295 1,268 842 5,796 251 SO,434 25,292 2 8 , 9 8 6 25,951 12,318 3,024 3,237 6,929 23,926 1,078 1,947 3,02t) 64,475 .... 104 i,i4o 8,915 2,422 5,930 271,242 — 71,113 — 16 1,001 63,3^2 66,730 51,210 155,761 — — — 4o6 1,744 34,413 7,595 11 13,93s 3,285 7,013 1,746 1,552 1.5^ 1,929 221 37 £7 354 209 1.196 15,630 11,295 15,^91 3,559 1,741 4,244 1,205 1,536 2,550 1,3^7 6,044,665 425,616 1,984,703 439,623 498,739 200,769 172,784 l,2l6,8Gf 226,833 139.337 191,684 113,3*5 434,315 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON JANUARY 25, 1933 ( i n thousands of d o l l a r s ) B-SOlc Total Boston New York p h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 2,705,667 184,905 5 ^ 5 , 0 7 7 227,711 276,590 96,733 97,832 631,940 133,763 Si,126 93,317 3 6 , 4 7 4 240,199 L I A B I L I T I E S P.R.notes i n a c t u a l c i r c u l a t i o n Deposits: 2,513,199 1 7 2 , 3 2 3 1,1S6,74S Member bank - r e s e r v e account 788 553 12,S11 Government 11,361 2,442 Foreign bank 33,640 66 Other d e p o s i t s 27,59** 2 , 5 8 7 , 2 4 4 1 7 5 , 3 8 9 1,212,682 Total d e p o s i t s 301,65s 33,^32 79,004 Deferred a v a i l a b i l i t y items 151,201 10,830 53,612 Capital paid in 2 7 8 , 5 9 9 85,05c 2 0 , 4 6 0 Surplus 20,296 600 ^,270 A l l other l i a b i l i t i e s 6 , 0 4 4 , 6 6 5 4 2 5 , 6 1 6 TOTAL LIABILITIES 1,984,703 76.4 Reserve r a t i o (per cent) 65.4 59.8 Contingent l i a b i l i t y on b i l l s p u r 41,831 2,975 1^,693 chased f o r f o r e i g n correspondents 1 3 7 , 7 8 3 143,232 1,150 ^33 3,312 3,512 1.^66 171 I 4 I , 8 9 9 14-9,110 24,429 16,033 29,242 309 439,6; 59.9 4,279 28,831 l4,l42 28,294 1,772 49s,739 60.2 M34 56,164- 1,650 43,S67 U21.299 823 1,305 1,598 1,171 3,277 4-, 34-9 2,333 1,589 1,^26 5,297 58,863 3 8 , 5 7 9 i+4o 266 68,079 79 46,887 139,320 2,531 821 970 2,3^2 4,290 183 1,137 970 769 l,4l0 l,4lS 426 548 431,25s 6i,6s4 4 0 , 3 3 6 69,55^ 5 0 , 5 7 1 1 4 6 , 7 7 3 60,717 ^7,271 6 , 9 7 5 15,706 12,266 16,099 35,1^6 15,357 ' 24-, 883 9,530 2,873 15,112 3 , 9 1 8 10,415 5,158 4,709 4,360 4,039 . 3 9 , ^ 9 7 7 , 0 1 9 8 ,719 19,701 11,616 1 0 , 5 4 4 10,186 8,263 2 , 9 1 4 1,008 1,^83 1,662 1,128 2,898 S05 1 , 4 4 7 200,769 1 7 2 , 7 8 4 1,216,867 226,833 139,337 191,6s4 1 1 3 , 3 9 5 ^34,315 61.8 58.3 67.6 64.3 78.8 64.0 51.6 49.2 1,385 937 1,182 1,182 2,852 FEDERAL RESERVE NOTE STATEMENT Federal reserve n o t e s : Issued to F.R.Bank by F.R. Agent Held by Federal 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 notes i s s u e d to banks Gold and gold c e r t i f i c a t e s Gold fund - F . R. Board E l i g i b l e paper U. S. Gov't, s e c u r i t i e s Total c o l l a t e r a l 2,933,505 204,735 227,S38 19,830 2,705,667 134,905 617,744 241,406 288,197 103,314 116,196 72,667 13,695 11,607 6,581 18,364 5 ^ 5 , 0 7 7 227,711 276,590 9 6 , 7 3 3 97,832 721,624 142,042 83,497 102,19s 29,oS4 8,279 2,371 S.GSl $91,133,763 5 1 , 1 2 6 93,317 47,010 484,293 1,265,345 153,317 89,000 55,570 264,510 444,000 1,124,75s 249,096 11,917 325,600 — 2,964,799 212,244 Total B i l l s discounted B i l l s bought in open market C e r t i f i c a t e s and b i l l s Municipal warrants 264,698 31,496 1, 022,661 4,526 — 4,488 18,345 13,900 56,155 ^7,500 16,211 17,676 13,000 39,000 628,863 241,980 291,705 104,211 118,076 Within 15 days 187,706 4,7^6 72,975 78,290 71,^70 85,210 118,500 47,480 26,735 31,000 75,000 23,^5 80,700 15,638 7,3^3 30,600 724,148 142,098. 13,990 30,500 9,224 10,630 12,315 55,800 7,400 10,322 3,832 3 0 , 7 0 0 26,000 17,300 84,414 102,802 40,847 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days t o 16 to 30 days 31 to 60 days 61 to 90 days g months 19,352 6,864 73,550 27,967 9,302 249,282 13 19,225 10,584 57,250 ~ 4o,6l8 271,934 4,144 31.735 36,474 240,199 9,052 277,763 25 86,000 97,263 27,1^8 63,000 273,411 Over 6 months 1,396 291,841
@FedFRASER