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STATEMENT FOE THE PRESS 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 , J a n . 29; no t e a r l i e r . B-656 F e d e r a l R e s e r v e Board J a n u a r y 28, 1932. CONDITION OF FEDERAL RESERVE BAKKS 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 " during? t h e r-eek e n d i n g J a n u a r y 27, &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 "banks, was $ 1 , 8 1 3 , 0 0 0 , 0 0 0 , a d e c l i n e of $ 2 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 $ 8 2 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 weak i n 1931On J a n u a r y 27, t o t a l r e s e r v e bank c r e d i t amounted t o $ J , 7 9 8 , 0 0 0 , 0 0 0 , a c l i n e of $ 9 , 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 d e c r e a s e s $ 2 4 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n and $ 2 7 , 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 , o f f s e t i n p a r t by d e c r e a s e s of $ 2 4 , 0 0 0 , 0 0 0 i n monetary ~old stock $ 9 , 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 , and an i n c r e a s e of $ 7 , 0 0 0 , 0 0 0 i n expended c a p i t a l f u n d s , nonmember d e p o s i t s , e t c . deof and un- 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 $ 1 3 , 0 0 0 , 0 0 0 a t t h e F e d e r a l Reserve Bank of P h i l a d e l p h i a , $ 8 , 0 0 0 , 0 0 0 a t San F r a n c i s c o , $ 7 , 0 0 0 , 0 0 0 a t New York and $ 1 9 , 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 bought i n open m a r k e t d e c l i n e d $ 2 6 , 0 0 0 , 0 0 0 and 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 $ 1 8 , 0 0 0 , 0 0 0 , 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 $ 1 7 , 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 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 J a n u a r y 27, 1932 were a s f o l l o w s : Increase or decrease since J a n . 27 1932 J a n . 20 1932 J a n . 28 1931 ( I n m i l l i o n s of d o l l a r s ) Bills 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 TOTAL RESERVE BAM CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 838 lo2 752 46 1,798 4,426 1,776 Money i n c i r c u l a t i o n 5,589 Member bank r e s e r v e b a l a n c e s 1,945 Unexpended c a p i t a l f u n d s , n o n n e n i b o r d e p o s i t s , e t c . 4 6 5 19 _ 26 41 2 + + + + 623 42 142 36 9 24 9 + 842 211 5 24 27 7 +1, 045 — 480 + 60 + - - - + _ - R e l e a s e d f o r p u b l i c a t i o n F r i d a y morning, J a n . 25,1932; n o t e a r l i e r . E-656a R1S07RC3S JPD LIABILITIES OF TIES TWELVE FEDERAL BAHS C0M3IFED ( I n t h o u s a n d s of d o l l a r s ) J a n . 27,1932 J a n . 20,1932 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 . . . . uold 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 . 2,063,879 59,493 2,056,23!+ 59,491 1,784,009 35,284 Cpld 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 banks 2,123,372 333,756 529,858 2,115,727 363,UlO 52b,777 1,819,293 418,335 854,086 T^iO_£old_jN1serves. Reserves o t h e r t.\m gold ^9S6~3S6 19o,520 3^0^914 189,717 3,091,714 186,718 22M..J^serves Non-reserve cash Bills 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 3035^506 77,315 3,195.631 76,357 3,278,432 451,664 385,975 ^38,5^5 330]44l 837,639 lo2,26l 818,986 188,04l 68,206 146,931 215,137 120,241 320,383 51,070 380,263 320,213 33,557 397,698 190,135 336,762 751,716 36,296 751,468 36,846 609,877 1,787,912 S,SOS 15*74s 351,251 1,795,341 3,597 945,405 J a n . 23,1931 R E S O U R C E S Total b i l l s discounted B i l l s bought i n open market U. S • G-overnment s e c u r i t i e s: . . . . 3onds Treasury notes C e r t i f i c a t e s and b i l l s Zpt.'.l "I,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 iA11 Ail otner resources T D P ©3711 S 6 S • # # • TOTAL E3S0UBCES r - -7 j( ' '-i r> 17,1-1 19,137 431,387 -7 } I, j l 3 36,3/1 fT"7 86,539 82,980 150 702 22,300 445,328 58,034 18,642 5,523,510 5,620,664 4,855,382 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 2,627,296 2,642,140 1,478,302 1 , 9 4 5 217 ' 38,*555 7",<'17 35>J S 3 1 971 564 ' 26,'l46 81,830 26,385 Total deposits Deferred a v a i l a b i l i t y items Capital paid in s - p l All other l i a b i l i t i e s 2,099,492 352,001 icci 259:421 26,067 2,105,925 428,587 ikq Urq 259:421 25,0)2 2,424,oo6 14,6?Q b,357 13,533 2,484,475 435,579 169,531 274,636 12,559 5,523,510 5,620,664 TOTAL LIABILITIES R a t i o of t o t a l r e s e r v e s t o 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 . . . 67.4$ 67.3^ 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 lor foreign correspondents 304,777 285,299 4,855,382 82.7/0 442,435 RESOURCES AIID LIABILITIES OF THE FEDERAL RESERVE BAKES OIT JAFUARY 27, 1932 (In thousands of dollars) B-65&b Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans,Cy. Dallas San Fran. Gold with Federal reserve agents 2,063,879 160,62? 4/0,239 1&5.000 212,4/0 73,170 80,100 529,620 66,995 54,555 61,680 34,660 154,763 Gold redemption fund with U.S.Treasury 59,493 4,692 11,453 7,145 7,4l5 2,549 3,278 9.572 2,367 897 3,118 1.003 6,004 Gold held exclusively against F. R. notes 2,123,372 165,319 481,692 172,145 219,885 75.719 83,378 539,192 69,362 55,452 64,798 35,663 160,767 Gold settlement fund with F. R. Board 333,756 8,984 11,409 8,275 26,149 6,027 162,961 5,487 9,992 42,037 20,234 5,763 26,438 Gold and gold c e r t i f . held by banks 1,848 3,627 23,486 12,032 11.985 28,181 23,608 20,269 5,820 529,858 337,014 8,835 53.153 Total gold reserves 2,986,986 191,615 981,667 210,318 285,530 101,773 97,976 618,783 86,881 66,284 88,192 47,565 210,402 6,694 9,132 9,228 11,699 Reserves other than gold 198,520 19.497 6,505 33.441 13.110 45,270 19.174 15,297 9,473 Total reserves 3,185,506 211,112 1,026,937 229,492 300,827 111,246 104,481 652,224 99.991 72,978 97,324 56,793 222,101 2,001 1,881 3,672 6,552 4,214 4,612 4,765 11,736 Hon-reserve cash 21,275 9,113 3.797 77.315 3.697 B i l l s discounted: 6,111 3,406 57,297 1,580 Secured by U.S.Govt, obligations 451,664 23,494 131,539 59,446 71,769 9,785 13,728 58,690 14,819 11,861 Other b i l l s discounted 51,353 43,664 67,818 51,287 29,809 37,613 25.014 9,664 10,095 27,393 385,975 20,404 Total b i l l s discounted 175,203 127,264 123,056 39,594 51,341 83.704 24,483 11,675 33,504 15,267 108,650 837.639 43,89s 2.996 19,917 B i l l s bought in open market 6,435 162,261 15.249 9,201 20,641 9,003 4,884 52,308 7,805 6.563 7,259 U. S. Government securities: Bonds 9,185 17.996 17,952 54,196 11,715 15.942 5,282 111,467 23.252 26,263 320,383 23,416 3,717 1,114 Treasury notes 1,244 3,094 1,091 5,465 1,603 25,208 51,070 3.292 4,378 731 3,318 532 Certificates and b i l l s 6.64-2 47.928 14.568 10.659 9.932 10.754 26,964 4.832 380.263 29,490 147.726 32.310 38.458 Total U.S.Govt, securities 284,401 58,880 69,099 9,081 12,655 107.589 27.886 27.845 20,208 29,864 48,010 751.716 56.198 2,410 — — 880 Other securities 700 750 554 3,060 850 4.305 36.296 3.150 19.637 Total b i l l s and securities 1,787.912 118,495 531.549 195.767 199.960 56,634 74,047 216.239 62,252 44,958 60.897 48,127 178,987 243 Due from foreign banks 21 252 8,608 321 1.225 876 13 694 941 599 3.076 347 F. R. notes of other banks 1.326 311 2.257 1,272 1.050 720 1,102 4,652 2,055 15,748 236 332 435 Uncollected items 6,284 17,815 11.597 19,984 100,482 31,838 32,897 27,624 9,907 38,752 14,736 353,251 41,335 Bank premises 1,785 4,433 3,649 3,461 1.834 2,626 2,489 14,817 7,827 3,605 57,819 3,336 7.957 All other resources l , l 4 s 1,043 l , 4 4 l 2,208 4,o64 4,171 2,072 2,974 1,557 1,27s 1,510 13,885 37,351 RESOURCES TOTAL RESOURCES 5,523,510 385,599 1,716,673 466,306 549,523 209,234 201,231 933,032 187,738 129.721 184,412 124,085 435,956 L I A B I L I T I E S F.R.notes in actual circulation Deposits: 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 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 C a p i t a l p a i d 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 ) 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 correspondents Federal reserve notes: I s s u e d to F . R . b a n k by F . R . a g e n t 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 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 bank 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 Total c o l l a t e r a l RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BAKKS OK JANUARY 2J, 1932 ( 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 Mew 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. Kans.Cy. D a l l a s San F r a n . 2,627,296 185,225 562,660 260,929 315,981 106,412 120,164 557,530 92,06067,579 81,395 43,542 233,769 1,945,217 118,505 844,813 121,071 142,787 52,407 48,957 260,243 58,359 41,549 68,741 48,777 139,008 38.555 2,505 9,084 2,670 3,222 2,672 1,603 6,616 2,044 1,758 1,950 2,035 2,396 79,937 5,043 35,212 6,835 6,702 2,654 2,455 8,892 2,323 1,460 1,924 1,858 4,579 35,783 2 2 6 23,781 565 3,403 384 24l 1,022 672 381 201 89 4,818 2,099,492 126,279 912,890 131,141 156,114 58,117 53,256 276,773 63,39s 45,148 72,704 52,871 150,801 352,001 41,560 98,006 30,346 32,986 26,765 9,862 38,343 16,293 6,265 17,271 12,670 21,134 159,233 11,676 60,892 l6,4li 14,690 5,46o 5,071 17,952 4,554 2,953 4,170 4,125 11,279 259,421 20,039 75,077 2O,4S6 27,640 11,483 10,449 33,411 10,025 6,356 8,124 7,624 17,707 26,067 820 7,148 993 2,112 997 2,429 3,473 1,408 1,420 748 3,253 1.266 5,523,510 385,599 1,716,673 466,306 549,523 209,234 201,231 933,032 187,738 129,721134,412 124,085 435,956 67.4 67.8 69.6 58.5 63.7 67.6 60.2 78.2 64.3 64.7 63.2 58.9 57.8 304,777 22,883 101,797 31,019 30,417 12,046 11,143 40,355 10,541 6,625 8,734 8,432 20,780 FEDERAL RESERVE NOTE STATEMENT 2,901,167 215,141 273,871 29,916 2,627,296 185,225 612,132 279,351 334,654 116,997 138,687 620,255 96,666 69,065 93,349 50,967 273,903 49,472 13,422 18.673 10,585 13,523 62,675 _4,6o6 1,436 11,954 7,425 4o.n4 562,660 260,929 315,981 106,4i2 120,164 557,580 92,060 67,579 81,395 43,542 233,769 821,999 4 7 , 0 1 0 1 , 2 4 1 , 8 8 0 113,617 954,716 56,582 64,470 11,570 12,800 99,620 15,295 75,000 110,300 143,000 6,1,600 67,300 430,000 51,700 216,215 125,355 127,434 4 5 , 3 3 8 59,101 99,379 29,693 3,013,595 217,209 686,454 290,355 339,904 lis,508 139,201 395,239 54,700 13,155 9,880 12,260 86,000 41,400 51,800 22,400 68,763 15,123 37,997 16,770 125,724 628,999 96,688 69,653 99,677 51,430 230,487 MATURITY DISTRIBUTION OF BILLS AND 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 5=37,639 162,261 380,263 3,476 Within 15 days 9+0/06 53,133 44,225 3,082 16 to 30 days 45.U72 24,324 37,591 103 31 to 60 days 73.£35 50,766 82,634 211 6l to 90 days 91 days to 6 months 4s,664 33,570 8,050 so is,536 468 73,000 Over 6 months -.2,676} 134,763
@FedFRASER