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STAT?!''EFT F02 TH3 P1T3S Heleas3d f o r p u b l i c a t i o n F r i d a y morning, June 10; not e a r l i e r . 3-SOI v o d e r n l 1-3serve Board June 9, 1932. C0"TDITI0r OF FEDERAL 33SE1VS BAJ-TS 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 d u r i n g t h e week ending June 8, a s r e p o r t e d by the F e d e r a l r e s e r v e b a n k s , was $ 2 , 1 6 7 , 0 0 0 , 0 0 0 an i n c r e a s e of $ 8 6 , 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 o l , 2 3 3 , 0 3 0 , 0 0 0 , compared with t h e c o r r e s p o n d i n g week i n 1931. On June 2 t o t a l r e s e r v e bank c r e d i t amounted to $ 2 , 1 9 8 , 0 0 0 , 0 0 0 , an i n c r e a s e of $ 7 5 , 0 0 0 , 0 0 0 f o r t h e week. This i n c r e a s e corresponds w i t h d e c r e a s e s of 6127,000,000 i n monetary g o l d s t o c k and $ 2 1 , 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 d e c r e a s e s of $ 1 5 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n , $ 1 3 , 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. $ 4 5 , 0 0 0 , 0 0 0 i n unexpended c a p i t a l f u n d s , nonmember deposits, etc. H o l d i n g s 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 $ 5 , 0 0 0 , 0 0 0 a t t h e F e d e r a l Reserve Bank of Few York, and i n c r e a s e d $ 6 , 0 0 0 , 0 0 0 a t C l e v e l a n d , $ 4 , 0 0 0 , 0 0 0 each a t A t l a n t a and Chicago and $7,000,0JO 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 i n c r e a s e d $ 1 , 0 0 0 , 0 0 0 , while h o l d i n g s of U n i t e d S t a t e s bonds i n c r e a s e d $ 3 4 , 0 0 0 , 0 0 0 , 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 $ 3 3 , 0 0 0 , 0 0 0 and of T r e a s u r y n o t e s $3>000,000. 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 wed: and the year ending June g, 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 Jun e 5 1032 June 1 1932 June 10 1931 ( I n m i l l i o n s of d o l l a r s ) 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 502 '36 1,645 + 2,19s + 76 -127 +1,269 - ;':'4 3 - is - 13 + 7f9 16 TOTAL 0353373 BAFK CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 3,979 1,7,5 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,no;imember d e p o s i t s , e t c . 5,452 2,112 409 7 + 1 + 70 - l + 317 91 +1 , 0'' b 2 - Pi — - 28 6 H 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, June 1 0 , 1 9 3 ? ; n o t e a r l i e r . 3-S01a RESOURCES A'D LIABILITIES OF THE TT3LYE FEDERAL RESERVE BA^CS COmi^ED ( i n t h o u s a n d s of d o l l a r s ) J\mQ 3 , 1 9 3 2 Jtme 1 , 1 9 3 2 June 10,1931 1,943,700 46,928 1,990,628 310,724 325,609 2,626,961 203,339 2,830,300 72,397 2,038,319 1,883,674 RESOURCES C-old 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 . 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 banks . Total gold reserves R e s e r v e s o t h e r than g o l d Total reserves Fon-reserve 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.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 b a n k s . . . . . . . . Uncollected items Bank p r e m i s e s All other resources TOTAL RESOURCES 210,518 291,393 501,911 35,717 429,990 174,619 1,039,958 1,644,567 5,773 2,187,973 3,642 13,623 41,729 2,080,048 300,348 370,671 2,751,067 201,577 2,952,644 69,012 204,770 289,831 494,601 33,114 1,916,788 492,820 867,395 3,277,003 167,599 3,444,602 74,673 77,098 107,657 184,755 35,479 127,217 396,794 77,118 52,227 171,622 1,006,784 1,575,200 5,144 2,110,424 3,643 12,102 469,679 599,024 1,687 912,683 698 403,247 15,309 468,173 5,546,646 5,650,059 4,995,801 2,557,119 2,564,399 1,641,949 2,111,673 2,124,685 41,696 20,237 74,035 31,376 2,243,081 2,397,856 14,313 337,720 58,083 4?, <108 58,084 40,903 58,bis 21,045 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 36,596 F o r e i g n bank 2,210,202 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 330,996 154,779 ?59,421 . . . . 5,546,646 12,985 394,972 1*54,801 259,421 3.3,385 5,650,059 6,693 21,149 2,440,011 453,037 168,370 274,636 17,79s 4,995,801 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 . . . . 59.4£ Si.Ufa 84.4$ 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 150,342 179,564 370,185 RESOURCES AH) LIABILITIES OF T"E FEDERAL RESERVE BMTES OF JUKE 8, 193? ( I n t h o u s a n d s of d o l l a r s ) B-SOlb Boston Fevz 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. K a n s . C y . D a l l a s San F r a n . R E S O U R C E S Total 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 1.5^3,700 175.027 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 46,922 1,511 Gold h e l d e x c l u s i v e l y g a i n s t P . R. n o t e s 1,990,622 177,132 Gold s e t t l e m e n t f u n d w i t h P . ? . . B o a r d 310,724 10,7^7 Sojlc. an; g e l d c e r t i f . h e l a. oy oan.:s 325,609 16,6 n Total ^old reserves 2,626, 961 204,565 Reserves other than gold 203, 339 20,462 •1, Total reserves ! on-reserve cash B i l l ? discounted: S e c u r e d by U . S . G o v t , o b l i g a t i o n s Other b i l l s discounted T Total b i l l s discounted B i l l s "bought i n open m a r k e t 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 Total U.S. Govt, s o 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 f r o m f o r e i g n "banks F . R. n o t e s of o t h e r banks Uncollected itens Bank p r e m i s e s All other resources TOTAL RESOURCES 2 ,230, 300 225,033 7?-, 397 5,262 210, 512 13,213 291, 393 16,321 501, 911 23,534 35, 717 2,3-5 429, 990 174, 619 1, 039, 952 1, 644, 567 5, 772 2,127,973 3,642 96,729 42,902 l ,902 21,739 11,112 63,272 - 122,602 295 13,623 232 337,720 32 ,675 52,023 3,336 465,260 159,100 121,970 56,300 59,000 550,695 56,730 40,490 49,020 21,025 127,763 n,44o 5,223 6,254 2,223 3,932 2,412 2,062 1,709 2,126 1,129 6,721 477,300 164,323 122,224 52,523 62,932 553,107 52,798 42,199 51,26 102,209 r- 2,066 22,022 9,135 5,692 93,462 5,652 11,251 '>• 3 10,312 17,260 6,312 2,016 29,091 10,642 767,35^ 122,701 222,112 7^,036 76,646 675,666 75,104 56,745 52,996 29,433 17,905 11,601 5,522 24,011 10,314 3,230 220,350 212,134 246,017 25,637 22,23-4 699,677 85,418 60,575 20,047 3,124 3,524 3,646 5,162 12,768 3,919 2,104 63,291 21,294 23,221 4,301 9,412 15,333 7,221 1,666 37,173 42,266 31,253 20,923 22,131 18,64o 5,625 2,727 100,464 64,160 55,674 25,224 37,-4, 33,973 13,506 10,453 11,323 3,123 3,104 2,329 1,299 4,234 1,005 632 1 • i v a , c. - 121,524 30,139 35,270 10,332 10,535 60,915 66,955 14,076 12,569 5,432 5,422 20,701 4IQ,062 2 1 , 1 2 7 107,105 31,363 31,703 119,399 66?,604 125,402 160,944 47,133 47,720 201,015 4,123 1,655 723,514 194,400 219,722 74,206 26,562 239,222 1,270 400 142 520 374 137 ^,523 921 1,021 1,264 391 1,074 90,650 29,923 32,223 22,291 9,403 35,643 14,217 2,273 7,365 3,612 2,429 7,227 23,304 24o 1,626 3,933 3,653 1,455 - - - - 14,492 10-21-7 22,214 134,544 2,277 19,029 76,521 29,319 120,132 6,632 10,3'47 10,208 23,219 39,666 190,340 2,270 3,211 6,100 4,291 2,620 42,729 21,656 12,419 47,539 25,347 15,099 90,268 924 4,322 391 12,912 16,232 10,962 15,329 23,369 6,535 4,262 5,737 2,232 12,305 37,693 22,132 33,105 16,369 70,962 57,140 49,332 49,210 34,596 106,642 - - — - - 71,651 60,917 76, 642 50, 619 201,292 io4 20 12 107 255 220 1,392 262 732 913 14,221 6,390 17, 218 12, 149 12,674 3,461 1,234 3, 649 1, 787 4,433 1,292 1,395 1, 210 1, 223 1,003 5,5u6,646 403,955 1,752,475 444,145 512,525 201,054 190,6673,0c!,376 121,450 133,965 125,234 109,639 423,501 L I A B I L I T I 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 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 Capital p a i d i n Surplus All other l i a b i l i t i e s RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BALES' OF JOBS' 8, 193-2 B-SOlc ( 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 D a l l a s San F r a n . Minn. Kans.Cy. .Louis 2 , 5 5 7 , 1 1 9 196,151 561,130 245,124 239,057 89,222 114,457 555,95 90,096 73,474 31,194 35,092 226,098 2 , 1 1 1 , 6 7 3 131,32b 36,596 41,696 20,237 2,210,202 330,990 154,779 259,421 34 ,,129 TOTAL LIABILITIES 5,546,b46 Reserve r a t i o (per cent) 55.4 l i a b i l i t y on " b i l l s -ourphased f o r f o r e i g n correspondents 150,342 1,383 21,747 2.0*11 2,121 3,152 13,322 4,326 4,242 110 2.QQ3 l60 1.663 130,511 563,902 126,147 146,777 32,613 22,035 27,901 31,725 11,521 59,130 16,233 14,267 20,039 75,077 26,486 27,640 1,120 11,145 2 , 1 9 4 3,119 403,955 1 , 7 5 2 , 4 7 5 444,145 512,585 D7.0 5J>.2 57.1 56.4 ll,o20 47,294 15,748 15,442 68 1,680 2,800,902 214,451 56,956 41,260 72,245 44,307 l40,05S 267 663 1,045 1,174 1,200 1,218 124 83 66,774 45,873 347,367 59,925 43,553 74,720 117 27,139 5,2i4 11,483 1,222 5,628 1,470 Sl6 703 9,346 32,033 15,577 4,876 17,309 4,479 10,449 38,411 10,025 2,666 4.298 1.348 92U 6,04-7 i6,s4o 2,923 4,073 6,356 S„124 1.612 883 1,176 2,39S 1.142 4.iqq 4 8 , 0 2 5 147,622 1 2 , 8 8 0 18,810 3,961 10,793 7,624 17,707 2.471 2.051 201,054 190,6671,001,376 181,450 133,965 185,834 109,639 423,501 54.9 50.3 77.5 56.9 51.8 53.4 50.9 •7.7 6,lib 5,657 20,487 FEDERAL RESERVE FOTE STATEiSFT Federal reserve notes: * I s s u e d to F.R."bank by F.R.Agent 2 , 7 8 6 , 8 0 1 214,374 638,470 259,320 301,718 95,469 132,589 Held "by Federal r e s e r v e "baric 229,682 18,223 77,340 14,136 12,661 6 , 2 4 7 18,132 In a c t u a l c i r c u l a t i o n 2 , 5 5 7 , 1 1 9 196,151 561,130 245,184 289,057 89,222 114,457 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 g o l d c e r t i f i c a t e s 840,635 47,010 368,860 74,120 71,970 13,220 13,500 Gold fund - F. 2 . Board 1,103,065 128,617 97,000 84,980 110,000 43,080 45,500 E l i g i b l e paper 497,002 29,024 100,354 64,165 55,180 26,330 37,167 U. S . Gov't, s e c u r i t i e s 360,200 Q,800 75,000 37,000 65,000 13,500 37,000 Total c o l l a t e r a l 3,162 1,725 1,554 122 586,628 30,670 5,351 3,363 4,434 94,287 4,191 76,819 89,934 8,740 3,345 4,281 10,549 40,828 256,365 5,730 30,267 555,958 90,096 73,474 81,194 35,09% 226,098 121,695 15,730 12,790 10,280 13,460 78,000 429,000 41,000 27,700 38,800 7,625 49,763 5,967 25,720 14,951 27,631 7,000 25,000 26,900 17,000 5,000 42,000 641,214 260,265 302,150 96,130 133,167 591,514 94,424 77,357 91,800 41,036 257,394 33,219 12,694 MATURITY DISTRIBUTION" OF BILLS AED SHORT TERM SECURITIES 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 "bills Municipal warrants 501,911 35,717 1,039,958 5,778 Within 15 days 359,396 3,091 39,590 5,542 l 6 to 30 days 31 to 60 days 4,000 36,550 201 2,212 216,104 36,443 46,978 6 l to 90 days 36,323 26,4l4 230,749 91 days to 6 months Over b months 21,856 915 269,255 35 247,710
@FedFRASER