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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, Mar. IS; not e a r l i e r . B-7l6 F e d e r a l Reserve 3oard March 17, 1932. CCBiriO"' OF FEDERAL RESERVE 3AE"3 The d a i l y average 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 tne week ending March l'b, as r e p o r t e d by the F e d e r a l r e s e r v e banks, was a l , o72,000.000, a d e c r e a s e of &"/.>, 000,000 compared w i t h the p r e c e d i n g week and an i n c r e a s e of $732,000,000 compared withthe corresponding week i n 193I* „0;i March l 5 t o t a l r e s e r v e bank c r e d i t amounted to $1,63!+,000,000, a decrease of $b4,u0\),000 f o r tiie week. This d e c r e a s e corresponds with a d e c r e a s e of $22,000,000 i n money in c i r c u l a t i o n and i n c r e a s e s of 812,000,000 i n monetary gold stock and \lSj>,'J1 )0,0.)0 in Treasury currency, a d j u s t e d , o f f s e t in p a r t by i n c r e a s e s $5,''00,00u in member bank r e s e r v e balances and £23,000,000 i n unexpended c a p i t a l f u n d s , nonmember "bank d e p o s i t s , e t c . Holdings of d i s c o u n t e d b i l l s d e c l i n e d 515,000,030 each a t the F e d e r a l Reserve Banks of P h i l a d e l p h i a , Cleveland and San F r a n c i s c o , SU,000,0DO each a t A t l a n t a and Cnicago, &7?:-'0:/,000 at 'Tew l o r k and $#7,000,000 a t a l l F e d e r a l r e s e r v e banks. The System's h o l d i n g s of b i l l s bought in oper. market d e c l i n e d $12,000,000, while holdings of United S t a t e s s e c u r i t i e s i n c r e a s e d $57,000,000. United S t a t e s secur i t i e s held by the f e d e r a l r e s e r v e banks on March l c included a s p e c i a l Treasury c e r t i f i c a t e c o u n t i n g to $32,000,000, as compared with $45,000,000 a year ago, i s s u e d by t.ie Treasury peno.ing the c o l l e c t i o n of the Q u a r t e r l y t a x payments. Changes in the 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 during t..ie week and t.ne y e a r ending March l 6 , 1532, -'ere as f o l l o w s : I n c r e a s e or decrease since Mar. 1 i',3° -ar. 9 1932 Mar. in 1931 ( I n , • i l l ion-- of d o l l a r s ) B i l l s discounted B i l l s boi\::ht Special Treasury c e r t i f i c a t e s Otner 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 BAJH CREDIT Monetary gold stock Treasury currency a d j u s t e d 6 Si 10' 32 310 25 1,534 4,374 i,.:">: Money in c i r c u l a t i o n 5,522 Member bank r e s e r v e b a l a n c e s 1,919 Unexpended c a p i t a l funds,nonmenber d e p o s i t s , e t c . 405 — - + - + + — 4•¥ •7 3? 32 25 2 + - — + + 54 12 53 + 22 + 9 — 23 - - 499 17 13 237 20 727 311 2? 960 517 5 Released f o r p u b l i c a t i o n F r i d a y morning, March 18,1932; not e a r l i e r , B-716e RESOURCES AH) U : . m r T I l ' S OF THE TV5ELV3 ENTERAL RESERVE BA^KS COKBPTUD ( I n thousands of d o l l a r s ) Mar, l o , 1932 Mar 9,1532 Mar. 18,1931 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 witii U. S. Treasury 2,187,147 50,"4o Gold h e l d e x c l u s i v e l y a g a i n s t JVR.notes 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,?37,4S7 2,092,347 1,710,384 33,005 ^ 4s1,739 53,C34 2,146,181 322,321 490,918 1,743.389 519,463 853,022 Total gold reserves Reserves o t h e r than gold 2,996,^79 2,959,420 3,115,874 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 3,205,973 75,15S 3,167,289 76,144 342,452 3.15,340 397,340 350,639 105,714 747,979 137,584 52,892 109,030 161,922 122,550 318,057 23,396 313,717 S3,797 66,959 53,223 407,909 842,162 382,609 785,123 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 Special Treasury c e r t i f i c a t e s . . . Other 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 n 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 . S . 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 . . . . 277,^53 209,294 660,792 32,000 6,954 1,615,622 2,613 13,730 436,762 57,"24 3$,977 TOTAL RESOURCES 207,869 - 9,497 , 1,680,183 S,6l3 13,65s 356,634 57,624 39,035 178,265 3,294,139 74,791 45,000 452,554 617,746 - 902., 213 703 14,772 563,821 58,297 16,073 5,450,667 5,399,350 4,924,814 2,601,262 2,517,381 1,441,523 1,919,316 3,513 1,909,5S6 2,436,333 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 . . . . Deoosits: 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 Total deposits Deferred a v a i l a b i l i t y i t e n s Capital paid in Surplus All other l i a b i l i t i e s 12,905 42,030 1,977,769 426,£33 47,107 13,464 19,0:1 1,9-9,15S 347,564 156,385 . . . 156,23-4 259,421 29,093 TOTAL LIABILITIES . . . . 5,450,''67 5.399,3*0 259,421 29,471 2,.535 5,234 21,104 2,465,256 659,941 169,004 274,636 14,154 4,924,814 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. note l i a b i l i t i e s combined . . . 70.0£ 6s.8^ 84.3^ Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 336,057 317,113 453,072 RESOURCES ATTD LIABILITIES OF THE FEDERAL RESERVE BAFI-'S OF MARCH l 6 , 1932 ( I n thousands of d o l l a r s ) "B—flGb T o t a l Boston Fevz York P l i 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 . 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 2,187,147 164,627 493,217 188,400 217,470 76,170 102,275 549,920 75,920 60,045 6 l , 0 S 0 31,260 166,763 Gold redemption f u n d w i t h U.S.Treasury 50,340 4,379 10,508 6,609 5,894 1,950 2,542 5,128 2,281 805 2,853 1,087 6,304 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 2,237,487 169,006 503,725 195,009 223,364 78,120 104,217 555,042 72,201 60,250 63,933 32,347 173,067 Gold s e t t l e m e n t f u n d with F . R. Boar •d 277,453 11,199 89,963 13,627 30,772 5,494 7,052 58,637 9,763 2,648 14,959 7,926 19,357 Gold and gold c e r t i f . h e l d "by banks 481,739 20,309 314,470 19,613 24,b36 6,675 9,195 ^0,320 11,659 2,4o6 12,267 3,509 26,020 Total gold reserves 2,996,679 200,514 902,158 228,249 278,778 90,289 121,064 644,055 99,623 71,904 91,759 43,722 212,504 209,294 20,977 53,842 27,277 17,005 11,220 5 = 281 27,577 10,964 R e s e r v e s o t h e r than gold 5,208 6,544 10,12S 12,611 RESOURCES 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 S p e c i a l Treasury c e r t i f i c a t e s Other 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 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 3,205,973 75.158 342,452 318,340 660,792 105,714 318,857 83,396 32,000 407,909 242,162 6,954 1,615,622 2,613 13,738 436,762 57,824 36,977 221,491 962,000 255,526 295,783 101,569 126,345 671,632 110,587 77,712 20,506 4,358 3,932 4,220 4,524 12,26s 3,475 2,022 7,5H 17,646 86,390 38,699 59,530 7,771 5,161 32,307 11,506 1,504 14,366 43,225 48,512 43,745 23,395 27,302 22,377 7,242 7 . 5 U 32,012 129,675 27,217 103,275 31,166 32,463 54,624 19,342 9 , 0 1 5 5,662 32,529 5,967 5,572 5,736 5,548 15,010 4,526 3,539 113,152 22,99s 25,944 23,399 5,298 53,939 11,674 15,901 7,772 5,618 1,144 39,924 6,177 7,445 1,250 9,052 2,750 2,005 __ 32,000 182,323 34,510 39,600 10,165 6,121 43,969 13,363 27,139 9,274 56,156 367,399 63,685 72,929 19,081 12,669 106,960 rf>727 27,720 2,000 1,107 3,744 103 95,830 533,347 157,976 181,236 55,923 50,63c 176,654 51,661 40,437 696 21 1,22? 3,070 878 348 322 943 13 291 229 1,014 3,656 1,645 67: 2.195 239 739 122,224 40,261 40,164 33,218 ll.gOn 54.207 16,102 51,507 7,192 2,626 14,817 2,4s 9 i,S?4 7,962 3,461 3,336 7,827 3,605 u 1,067 J 1 ° v 5,026 13,632 1,234 1,279 3,726 1,673 1,443 - — - — - 5,450,667 321,729 1,673,252 463,258 533,403 204,768 - 200,645 . - — 92,303 2,212 53,910 3,581 231,115 6,631 26,293 1,699 11,256 73,608 41.350 33,524 4,934 12,955 I I 5 / 4 5 S 3 , 8 4 i 12,850 7,625 2,310 — 12.556 22,551 - 61,009 252 1,135 21,773 3,649 1,181 16,929 1,697 — 6,549 14,106 4,024 — 2,678 19;611 27,354 - 37,741 - 44,1So 166.049 600 243 264 1,596 14,744 23.559 1,725 4,433 1,274 977 929,736 188,631 130,892 189,514 119,961 434,878 RESOURCES AFD LIABILITIES OF THE FEDERAL RESERVE BAKCS OF MARCH 16, 193a ( I n thousands of d o l l a r s ) B-7l6n Total Boston Few York P h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. ICans, iCy. D a l l a s San Fran. P.R.notes in actual circulation 2,601,262 175.371 . 566,425 260,119 303,4s4 100,597 121,121 557,210 93,097 69,625 S3,.13S 41,189 229,382 Deposits: Member bank - r e s e r v e account 1,919,316 120,062 815,304 119,175 l4i,4i2 53,467 48,590 254,324 60,301 42,926 71; 663 48,280 143,312 Government 114 3,518 223 173 426 49 23 610 194 154 224 232 1,09b Foreign banlc 12,905 1,023 3,831 1,3-7 1,360 539 49s 1,804 471 296 390 Other d e p o s i t s 929 42,030 234 _32,042__ _405 2,65) 253 145 3 709 671 4oi 104 67 4,256 Total d e p o s i t s 1,977,769 121,433 "51,40c 121,140 145, 381 54,305 Uo ,256 257,507 62,137 72 351 45,956 149,593 D e f e r r e d a v a i l a b i l i t y items 426,233 51,873 111,525 37,737 39,606 32,017 12,33s 55,086 17,550 43,777 20, 994 16,109 25,254 Capital paid in 156,223 11,552 ob ,459 10,351 14,329 5,306 4,962 17,553 4,490 6,714 2,940 4; 112 4,032 11,167 Surplus 259,421 20,039 75,077 26,486 27,64o 11,483 10,449 35,411 10,025 6,356 124 7,624 17,707 All other l i a b i l i t i e s 29,099 961 9,362 1,425 2,463 1,057 2,519 3,93? 1,302 1,430 765 2,051 1,775 TOTAL LIABILITIES 5,450,667 351,729 1,673,252 463,25s 533,403 204,76s 200,645 929,736 i s s ^ i 130,'392 1S9 ,514 119,961 Reserve r a t i o (per c e n t ) 70.0 74. 70.0 74.5 67.0 555.3 5.3 65.6 74.2 1.2' 6s 5 63. 6t ,2 59.S 434,875 -c7.9 7.9 74.2 '82.4 32.4 771.2 63.5 61.0 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 336,057 25,5 66 109,326 34,649 33,976 13,456 12,447 45,077 11,774 7,401 L I A B I L I T I E S 9,755 9,419 23,211 Federal reserve notes: I s s u e d to F.R. bank 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 held 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 fund - F . R. Board E l i g i b l e paper Total c o l l a t e r a l 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 ilunicipal m r r a n t s FEDERAL RESERVE JT0TE STATE):^T 2,855,SS3 196,84b 254,621 20,975 2,601,26? 175,571 549,567 1,337,550 % 500,429 2-0,119 303,484 100,597 121,121 557,210 93,097 69 ,625 33,13s % 41,189 229,382 47,010 117,617 728,613 35,310 ^ r* 2,9l5,7oO 199,937 S i t o o 89^500 teiooo ioitoo il.'soo 51 i500 ^OM 105,712 -35,22S 65,122 21,740 -' "36,071 ' ' v» —^ t j 1 ^ 11,261 -1.0. y .*_i. 36,234 j u , c- •. > 15,172 -r ± j 9 ±125,5^5 ( d J-u y s h)278,293 323,152 111,395 135,345 615,042 97,660 71,306 97,364 46,432 292,34s jj&W u j f l m -7rT 5~1\ , 2; J 5 644,452 Total Within 15 days 660,792 105,714 439,909 4,954 496,673 49,224 36,250 3,574 39 b9,593 MATURITY DISTRIBUTION OF BILLS ATD SHORT TERM SECURITIES 91 days to l 6 to 30 days 31 to 60 days 6l to 90 days 6 months 48,435 56,754 40,639 14,152 12,707 10,852 32,690 241 3,500 24,625 101,591 211,324 1,000 20 60 Over 6 months 4,059 62,119
@FedFRASER