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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 morning, J u l y 15; not e a r l i e r . B-801 F e d e r a l Reserve Board J u l y 14, 1932 CONDITION OF FEDERAL RESERVE BAMS 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 baric 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 week e n d i n g J u l y 13, 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 h a n k s , was $ 2 , 4 l 7 , 0 ' 0 , 0 0 0 , an i n c r e a s e of $ 4 0 , 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 of $ 1 , 4 6 5 , 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 J u l y 13 t o t a l r e s e r v e "bank c r e d i t amounted to $ 2 , 4 1 7 , 0 0 0 , 0 0 0 , an i n c r e a s e of $ 9 , 0 0 0 , 0 0 0 f o r t h e week. T h i s i n c r e a s e c o r r e s p o n d s w i t h i n c r e a s e s of $ 5 2 , 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 $ 2 , 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 , , and a d e c r e a s e of $ 2 6 , 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 a d e c r e a s e of $ 6 1 , 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 0 , 0 0 0 , 0 0 0 in. monetary g o l d s t o c k . H o l d i n g s of b i l l s d i s c o u n t e d i n 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 R e s e r v e Bank of San F r a n c i s c o , $ 4 , 0 0 0 , 0 0 0 a t A t l a n t a , $ 3 , 0 0 0 , 0 0 0 a t D a l l a s and $ 1 6 , 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 market d e c l i n e d $ 1 5 , 0 0 0 , 0 0 0 , of U n i t e d S t a t e s bonds $ 1 5 , 0 0 0 , 0 0 0 and 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 $ 9 , 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 creased $44,000,000. Changes i n t h e amount of r e s e r v e bank c j e d ^ 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 ending J u l y 13,/vrere'as 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 J u l y 13 1932 July 6 1932 J u l y 15 1931 ( i n m i l l i o n s of d o l l a r s ) 16 15 20 12 + - 9 10 26 -t-1,466 -1,027 22 + + 61 52 2 + 906 - 421 69 516 62 1,821 IB + TOTAL RESERVE BAM CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 2,417 3,932 1,767 + + 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 , 5,714 2,015 337 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 - + - 354 s +1,143 23 Released f o r p u b l i c a t i o n Friday morning, J u l y 15,1932; not e a r l i e r . B-801a RESOURCES AMD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED ( i n thousands of d o l l a r s ) J u l y 13,1932 J u l y 6.1932 Jrely 15,1931 76,907 1,926,767 61,256 1,988,023 250,643 339,784 2,578,450 189,359 2,767,809 67,836 1,990,864 29,321 2,020,185 464,413 924,551 3,409,149 171,989 3,531,138 77,133 . . . 201,921 313,649 190,828 308,998 59,997 101,806 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 . 515,570 61,621 499,826 77,353 161,803 70,408 413,927 266,477 1,140,728 1,821,132 429,004 274,746 1,097,315 1,801,065 5,993 2,384,237 2,655 13,082 391.960 58,113 185,781 49,760 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 with U.S. Treasury . 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 fund with F . R. Board . . Gold and gold c e r t i f i c a t e s h e l d by banks . Total s o l d r e s e r v e s Reserves o t h e r than gold . . . . . . . . Total reserves . . . . F 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 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 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 -premises A l l other r e s o u r c e s . . . TOTAL RESOURCES 1,929,862 62,864 1,992,726 260,356 335,015 2,588,097 199,705 2,737,802 5,935 442,312 677,853 11,093 46,251 921,157 3,725 .16,455 566,211 58,834 26,906 5,768,787 5,731,943 5,251,569 2,835,750 2,868,163 1,716,621 2,OI4,6O4 59,150 9,862 33,236 2,116,852 2,435,530 17,501 56,159 ' 30,662 367,055 154,757 259,421 34,952 1,962,989 40,336 8,752 32,915 2,044,992 370,623 154,788 259,421 33,956 2,539,852 540,433 166,844 274,636 13,183 5,768,787 5,731,943 5,25l,5&9 2,404,258 2,709 15,150 376,672 58,114 47,175 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 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 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 . . . . 56.3% 56.35$ 84.1$ Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 6s,541 73,775 289,851 R E S O U R C E S Total RESOURCES Aim LIABILITIES OF THE FEDERAL RESERVE BAMS OiT JULY 13, 1932 ( I n thousands of d o l l a r s ) B-801b Boston Mew York P h i l a . Cleve. R i c h . Atlanta. Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San F r a n . Gold with Federal reserve agents 1,929,862 172,127 Gold redemption fund with U.S.Treasury 62,8o4 2,588 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 . h e l d by banks Total gold r e s e r v e s R e s e r v e s o t h e r than g o l d Total reserves F o n - r e s e r v e cash B i l l s discounted: Secured by U.S.Govt, 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 notes 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 . Govt, 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 Bank p r e m i s e s All other resources TOTAL RESOURCES 1,992,726 260,356 335,015 2,588,097 199,705 174,715 13,543 16,702 204,960 20,966 2,787,802 225,926 76,907 5.976 201,921 ll,5?5 313,649 15,242 515,570 26,317 61,621 3,086 413,927 20,101 266,477 15.457 1,140,723 82,970 1,821,132 118,728 5,935 - 2,4o4,258 148,631 211 2,709 250 15,150 44,724 376,672 58,114 3,336 47,175 1,760 426,952 148,600 174,970 44,800 48,000 602,895 60,110 40,o30 14,316 6,319 6,945 2,575 4,450 9,974 2.213 2.085 44l,268 154,919 131,915 47,375 95,794 6,620 28,495 9,398 195,357 9,250 17,964 6,715 736,419 170,789 228,374 63,48c 54,462 31,762 17,760 9,473 790,881 202,551 246,134 72,961 21,625 3,038 3,643 3,847 24,835 132,263 1,072 7,830 612,869 62,323 42,715 56,177 25,907 140,093 49,076 8,735 10,265 12,l4l 5,757 12,971 27,331 5,354 .. 3,197 10,780 3,873 29,485 689,826 76,412 56,177 79,098 35,537 182,549 8,769 9,086 24,873 8,890 3,373 4,816 69,943 714,699 85,302 59,550 83,914 44,306 191,635 2,180 2,048 3,933 6,851 5,334 14,526 3,856 52,450 .3,561 8,457 64,468 5,475 63,043 24,792 19,731 5,285 10,542 12,945 7,552 2,339 40,005 45,593 32,795 20,999 29,229 24,181 5,110 10,045 103,053 70,385 52,586 26,284 39,771 37,126 12,662 12,334 2,153 7,40b 1.489 985 2^,655 3,931 4,156 3,519 135,755 30,681 35,756 9,624 10,644 101,112 21,452 28,122 7,569 8,284 408,913 84,865 111,251 29,940 32,754 695,730 136,993 175,129 47,133 51,682 4,345 1,539 - 53,680 2,497 40,145 35,078 194,534 269,757 - 3,725 3,311 37,oi6 19,221 12,432 58,797 22,946 15,743 95,813 1,391 5,309 1,536 13,470 17,075 11,564 14,229 24,683 10,202 7,424 9,037 3,327 19,413 40,358 29 417 35,765 13.165 76,796 64,030 53,916 56,366 30,721 120,892 51 - - - - 829,833 212,353 231,871 76,936 93,611 314,289 78,181 67,336 80,348 47,855 222,014 183 11 18 106 75 77 286 263 1,003 372 99 1,705 308 424 1.219 882 2,226 5,011 981 368 979 797 100,077 33,729 33,179 29,506 9,902 43,230 15,541 8,272 20,533 12,350 20,579 1,737 4,433 3,649 7,825 3,461 1.835 14,817 2,901 7,966 3,612 2,489 1,251 1.243 391 1.564 s4o i,4o4 3,638 3,662 2,633 1,347 26,882 5,768,787 430,814 1,790,129 456,566 530,444 191,587 135,8371^99,913 188,588 l4l,040 193,311 111,915 448,643 L I A B I L I T I E S RESOURCES AMD LIABILITIES OF THS FEDERAL RESERVE BASICS OF JULY 13, 1932 ( I n thousands of d o l l a r s ) T o t a l Boston 1-Tew York P h i l a , Cleve. Rich. A t l a n t a Chicago S t . L o u i s 3-801c Minn. ICans .Cy. D a l l a s San F r a n . 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 F o r e i g n bank Other d e p o s i t s 2,535,750 203,202 597,258 256,733 294,965 08,492 112,999 720,256 97,546 2,014,60U 139,896 59,150 4,749 :9,862 769 33,236 170 902,731 116,797 143,257 23,524 5,624 5,563 1,043 1,023 3,037 22,148 81 3,264 50,568 5,503 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 ( 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 55,423 41,442 2,255 1,145 354 223 319 288 2,116,852 145,534 951,440 123,545 153,107 56,691 45,685 277,251 367,055 44,518 94,738 3i,6o4 37,482 23,560 9,202 42,101 154,757 11,516 59,179 16,217 14,264 5,201 4,876 17,330 259,421 20,039 75,077 26,4g6 27,640 11,483 10,449 38,411 34,952 12,437 955 1,976 1,160 2,986 2,626 4,564 5,768,787 430,814 1,790,129 456,566 530,444 191,587 185,8371P99,913 56.3 63.9 51.1 53.3 5^.9 50.3 44.1 71.6 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 actual circulation C o l l a t e r a l h e l d by agent 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 gold 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 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 B i l l s discounted B i l l s "bought i r open n a r k a t C e r t i f i c a t e s and b i l l s w a r r a n t s Municipal 63,541 5,276 21,751 7,150 7,012 405 115 2,777 43,822 271,495 932 3,147 375 1,357 556 1,252 2,569 9,302 79,043 90,366 37,307 252,073 67,808 44,840 136,425 1,573 2,751 2,384 294 283 699 150 50 4,343 58,851 43,098 69,825 47,924 143,851 16,439 8,058 19,638 12,968 21,747 4,471 2,923 4,071 3,927 10,782 10,025 6,356 8,124 7,624 17,707 1,256 1,562 787 2,165 2,478 188,588 l4l,o4o 193,311 111,915 448,643 54.5 48.8 52.2 52.0 48.4 2,430 1,527 2,013 664,217 263,700 307,712 94,340 131,514 760,298 105,252 82,340 66,959 11,962 12,747 5,848 18,515 4o,o42 3,706 3,297 597,258 256,738 294,965 88,492 112,999 720,256 97,546 79,043 99,255 8,389 90,356 1,944 4,790 FEDERAL RESERVE 'TCTE STATEMENT 3,073,262 226,872 237,512 18,670 2,335,750 203,202 964,997 47,010 964,565 125,117 520,397 26,409 639,900 23,400 3,090,159 226,936 372,952 75,020 71,970 13, 170 54,000 73,550 103,000 31, 630 115,992 70,627 53,430 23,.566 123,000 50,000 30.000 21,500 065,944 269,227 303,450 91 366 13,500 34,500 39,297 45,000 132,297 239,595 363,000 40,119 123,000 766,014 42,856 288,906 5,549 36,828 37,30?" 252,078 20,710 12,630 9,380 12,2o0 76,000 39,400 28,000 43,300 12,575 56,263 12,436 12,253 23,032 16,162 31,969 33.900 30,100 26,000 2,000 77,000 106,446 82,923 102,762 42,997 291,232 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES To t a l 515,570 61,621 ., 140,728 5,935 Wi t h i n 15 days 360, 319 23, 002 83, 625 5, 733 l 6 to 30 days 34,475 5,552 79,150 157 31 to 60 days 55,700 11,670 194,042 6l to 90 days 42,977 16,397 305,361 35 91 days to 6 months 21,039 93,267 10 Over 6 months 460 382,253
@FedFRASER