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STATEM3MT 5*02 H B 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 , Mar. 25; not e a r l i e r . 3-723 F e d e r a l R e s e r v e Board March 24, 1932. C0ITDITI01T OF FEDERAL RESERVE BAHS 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 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 e n d i n g March 23, 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 b a n k s , was $ 1 , 5 9 6 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 7 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 an i n c r e a s e of $ 7 1 6 , 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 March 23 t o t a l r e s e r v e bank c r e d i t amounted to $ 1 , 5 9 7 , 0 0 0 , 0 0 0 , a d e c r e a s e °f $ 3 7 , 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 of $ 4 2 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n , $ 8 , 0 0 0 , 0 0 0 i n member b a n k r e s e r v e b a l a n c e s and $ 2 5 , 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 an i n c r e a s e of $7,0.10,000 i n m o n e t a r y g o l d s t o c k , o f f s e t i n p a r t by a d e c r e a s e of $46,009,000 i n Treasury currency, a d j u s t e d . 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 l i n e d $ 6 , 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 Chicago and i n c r e a s e d $ 4 , 0 0 0 , 0 0 0 each a t B o s t o n and San F r a n c i s c o , $ 3 , 0 0 0 , 0 0 0 each a t Hew York and P h i l a d e l p h i a , and $ 5 , 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 b o u g h t i n open m a r k e t d e c l i n e d $ 2 4 , 0 0 0 , 0 0 0 . T o t a l h o l d i n g s of U n i t e d S t a t e s s e c u r i t i e s d e c l i n e d $ 7 , 0 0 0 , 0 0 0 , t h e r e d u c t i o n of $ 3 2 , 0 0 0 , 0 0 0 due t o t h e r e t i r e m e n t of t h e s p e c i a l T r e a s u r y c e r t i f i c a t e h e l d l a s t week b e i n g p a r t l y o f f s e t by i n c r e a s e s of $ 2 4 , 0 0 0 , 0 0 0 i n h o l d i n g s of o t h e r 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 and $ 1 , 0 0 0 , 0 0 0 i n T r e a s u r y n o t e s . 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 March 23, 1932, were a s f o l l o w s : Increase or decrease since Mar. 23 1932 Mar. l o l r <32 Mar. 25 1931 ( I n 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 Special Treasury c e r t i f i c a t e s Other 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 666 82 - S3 5 15 TOTAL RESERVE 3AMX CREDIT Monetary gold s t o c k Treasury currency adjusted 1,597 4,381 1,792 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 f u n d s , nonmember d e p o s i t s , e t c , 5,480 1,911 3 so 5 24 32 4- 25 10 500 2 4- + - - - + + 236 5 + 739 308 28 — 4- — 37 7 46 42 8 25 - - + + - 933 446 27 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 m o r n i n g , March 2 5 , 1 9 3 2 ; n o t e a r l i e r . B-723& RESOURCES Aim LIABILITIES OF THE s m v s FEDERAL HSS3EV3 BATIKS COMBirED ( i n t h o u s a n d s of d o l l a r s ) Mar. 2 3 , 1 9 3 2 Mar. 1 5 , 1 9 3 2 Mar. 2 5 , 1 9 3 1 R E S O U R C E S 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 . . . . . 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 . 2,192,547 48,410 2,187,147 50,34o 1,729,624 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. B o a r d . . Gold and .gold c e r t i f i c a t e s h e l d b y b a n k s , 2,240,957 232,379 1,762,296 433,651 2,237,487 277,453 481,739 Total gold reserves Reserves other than gold 3,007,487 2,996,679 3,126,368 210,596 209,294 183,894 Total reserves 3,218,383 3,205,973 3,310,262 76,575 75,158 74,333 341,647 323,936 342,452 318,340 103,475 665,523 660,792 165,425 81,696 105,714 83,272 318,732 66,633 63,227 _4_32l370 318,857 83,396 32,000 407,909 468,698 834,993 842,162 598,553 6,991 6,954 1,589,263 1,615,622 6,629 8,613 710 14,009 343,167 57,82" 14,959 464,466 58,323 36,143 13,73S 436,762 57,824 36,977 5,342,002 5,Hro,657 4,780,854 2,572,815 2,601,262 1,441,715 1,910,603 1,919,316 3,5lS 2,357,011 12,905 42,030 5,086 19,266 1,977,769 2,432,767 426,833 156,283 454,535 168,894 359,421 28,977 259,421 274,636 29,099 14,257 5,342,002 5,450,667 4,786,854 ITon-reserve cash B i l l s discounted: S e c . by IT. 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 b o u g h t 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 Special Treasury c e r t i f i c a t e s O t h e r c e r t i f i c a t e s and b i l l s 83,896 — 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 f r o m f o r e i g n b a n k s . . F . R. n o t e s of o t h e r b a n k s Bank p r e m i s e s All other resources TOTAL RESOURCES . . . 32,672 504,271 859,801 61,950 - — 847,255 16,546 L I A B I L I T I E S ? . 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 ban]' - r e s e r v e a c c o u n t . 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 . . . . 43,340 10,874 18,333 1,933,150 341,612 156,027 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 a n d F . R. n o t e l i a b i l i t i e s combined . , . 70.6$ 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 . . . . . . 334,881 lo.tyfo 336,057 51,4o4 85.4# 437,233 R E S O U R C E S RESOURCES AED LIABILITIES OF THE FEDERAL RESERVE BAMS OH MARCH 23, 1932 ( i n t h o u s a n d s of d o l l a r s ) Total Boston 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 2,192,547 164,627 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 4g,4l0 4,312 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 . B o a r d Gold a n d g o l d c e r t i f . h e l d by b a n k s 2,240,957 168,939 Few York Phila. Cleve. B-723b R i c h . A t l a n t a Chicago S t . L o u i s M i n n . K a n s . C y . D a l l a s San F r a n . 493,217 188,400 220,970 10,255 6,449 5,769 7 4 , 1 7 0 1 0 2 , 2 7 5 562,920 1,946 2,400 4,803 77,120 2,12. 60,745 464 64,080 2,7 2 34,260 l4g,763 9 »—5_ 503,472 194,849 226,739 76,116 104,675 567,723 79,244 01,209 66,822 , 35,248 155,921 282,879 483,651 13,253 19,664 112,622 318,903 7,902 19,864 28,285 21,471 5,722 6,887 7,267 9,291 55,118 28,186 8,342 11,913 7,626 2,664 7,604 13,057 8,121 3,579 21,017 28,172 Total gold reserves Reserves other than gold 3,007,487 201,856 276,495 88,725 121,233 651,027 28,676 16,922 11,182 5,306 26,314 99,499 11,123 7i,^y9 5,619 87,483 6,798 46,948 10,220 205,110 20,772 934,997 55,320 222,615 210,896 Total reserves ^on-rese>*ve c a s h 3,218,383 76,575 222,628 990,317 251,291 293,417 77,118 217,754 3,788 3,822 2,236 94,281 2,4/4 57,168 4,289 677,341 12,438 110,622 20,285 99,907 4,l4o 126,539 7,306 3,961 6,261 s S S s r - SI IIS S S & iS iS £ 8 ' S Total t i l l s discounted B i l l s b o u g h t i n open m a r k e t 665,583 35,938 4,592 132,856 81,696 \ 318,732 23,399 5,661 109,414 38,992 22,998 83,896 432,370 27,096 834,998 6,991 56,156 1,589,268 97,886 536 333 4l,040 L r ™ Treasury notes S 6 C U r i t i e S : C e r t i f i c a t e ! -n.l 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 f r o m f o r e i g n b a n k s 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 6,629 14,009 343,167 57,828 36,143 1,200 3,336 1,032 5,575 12,644 4:% ...S ii:!S 89,314 103,708 5,627 4,264 32,585 4,320 32,274 4,429 48,864 13,029 18,824 3,552 9,032 2,621 31,638 3,995 25,944 7,502 7,772 5,229 1,159 1,260 53,939 9,119 ll,674 2,771 15,845 2,021 7,685 6,221 2,328 16,989 1,711 17,844 5,151 196,055 36,403 42,lb8 10,150 6,111 43,902 13,342 9,820 13,913 8,664 24,746 344,461 4,331 65,622 75,6l4 ~ 19,081 % 12,600 % 106,960 27,787 I 27,686 103 23,926 27,364 47,741 502,351 162,420 183,586 2,347 727 678 2,794 461 1,185 95,859 32,029 30,899 14,817 2,626 7,962 13,545 999 1,797 55,986 49,303 168,853 248 946 795 1,764 9,361 39,165 2,489 7,827 3,765 3,501 50,163 21 1,399 13,668 3,46l 1,619 39,442 13 468 59,559 194 41,458 188 178,261 1,690 29s 1,912 6,663 18,096 3,649 11,893 1,785 18,916 1,834 1,370 1,192 1,276 20,703 1,357 268 910 25,578 3,609 5,088 % 10,609 119,441 3,485 11,079 463 4,433 959 5,,342,002 374,097 1 , 6 4 2 , 3 1 5 454,842 5 2 3 , 3 1 2 195,486 1 9 8 , 0 7 5 911,835 184,775 129,144 181,135 1 1 8 , 0 2 7 428,959 RESOURCES AED LIABILITIES OF THE FEDERAL RESERVE BA1KS OH HARCF 2 J , 1 9 J 2 ( I n t h o u s a n d s of d o l l a r s ) B-723C T o t a l B o s t o n Hew York P h i l a . Cleve. R i c h . A t l a n t a Chicago St .Louis Minn. K a n s . C y . D a l l a s San F r a n . 561,373 255,563 300,663 2,572,215 172,873 33,13b 119,:595 5 5 1 , 2 3 6 9 1 , 7 8 7 6 9 , 0 5 7 8 2 , 3 4 1 4 0 , 0 9 6 2 2 6 , 0 3 7 L I A B I L I T I E S F.R.notes in actual circulation Deposits: Member b a n k - r e s e r v e a c c o u n t Government Foreign bank Other d e p o s i t s 1 , 9 1 0 , 6 0 3 121,832 43,3^0 4,344 10,874 1,023 IS,333 39 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 1,983,150 127,244 341,612 4i,444 TOTAL LIABILITIES Reserve r a t i o (per cent) 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 5 , 3 821,864 116,321 140,979 51,093 12,687 3,746 2,274 1,573 1,927 4,576 147 1,360 2,759 2,063 539 103 49s 118 1,804 781 ^71 638 845,299 121,601 1 4 7 ,.3 7 2 53,308 92,065 30,313 30,818 50,937 262,217 25,106 5,306 11,483 1,089 61,551 15,305 1,799 8,949 1,387 156,027 11,555 59,^31 16,34s 14,277 259,421 20,039 28,977 942 75,077 9,070 26,486 1,531 27,640 2.^42 70,4 66.1 T 70.6 ^ 7k4 . ?2 70 33^,881 1 25,566 Federal reserve notes: I s s u e d t© F . R . b a n k by F . R . a g e n t 2 , 8 2 2 , 7 5 5 1 9 4 , 0 7 9 Held by F e d e r a l r e s e r v e bank 249.94-0 21^ 206 In a c t u a l c i r c u l a t i o n 2,572,815 172,o73 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 a n a g o l d c e r t i f i c a t e s 854,067 47,010 Gold f u n d - F . R . B o a r d 1,338,480 117,617 E l i g i b l e paper 709,703 38.167 Total c o l l a t e r a l 2,902,250 202,794 5 108,150 L3'? 2 65.5 34,649 33,976 l P' 4 S 6 48,444 2 5 5 ^ 0 5 6 19 58,679 40,674 1,522 H i 42,828 6,44s 35,772 17,448 4,1-1 S s 2,940 10,449 38,4ll 10,025 6,356 2,540 3.751 1.31A i.RiR f"075 4s,o4i 140,960 1,311 2,739 4,578 Z2 68,428 17,353 4,104 8,124 785 52 4.1% 391 296 9,562 4,q42 66,654 377 929 51,209 150,806 13,052 21,374 4,026 11,162 7,624 2.020 17,707 1.877 S11 8 ' 3 5 i s f . n s 129,1U4 1 8 1 , 1 3 5 l i s , 0 : 7 4 2 8 , 9 5 9 65.5 74.2 83.3 72.0 13,456 12,447 45,077 11,774 65.9 62.5 62.6 57.S 9,755 9,419 23,211 70,951 9 2 , 7 7 6 1,894 10,435 45,714 266,775 69,057 40,096 7,401 FEDERAL RESERVE FOTE STATEMENT 611,124 276,274 3 2 0 , 9 8 1 1 0 7 , 6 9 6 1 3 6 , 5 6 2 6 0 2 , 8 2 2 — - 9 , f51—12.,.711 2 0 , 3 1 8 8.502 16,967 61.S36 561,373 258,563 300,663 99,194 119,595 551,236 393,217 65,400 100,000 123,000 67,970 153,000 11,570 62,600 12,775 89,500 124,920 435,000 +2,5S9—92,242 104,534 35.366 14.761 109,536 137,026 ll 635,506 250,642 325,504 97,001 5^214, 91,737 40,733 226,037 15,520 13,145 9,250 12,260 51,000 6l,600 47,600 54,800 22,000 68,763 10,364 33.169 1 2 . 4 6 0 127.0,10 71,109 97,449 46,720 6 7 . 3 4 ! -20,3.08 620,263 82,341 -5+.615 97,428 277,673 MATURITY DISTRIBUTION OF BILLS A2TD SHORT TERM SECURITIES Total B i l l s discounted B i l l s b o u g h s i n open m a r k e t C e r t i f i c a t e s and b i l l s H u n i c i p a l warr a n t s 665,533 81,696 ^32,370 5,791 W i t h i n 15 d a y s 512,343 33,172 5,250 4,521 16 t o 30 d a y s 38,787 8,554 3,500 1,190 31 to 60 d a y s 6 l to 90 d a Jy s day ®. t 0 b montns 61,352 35,321 13,548 11,048 48,236 - 28,675 129,530 52 244 155,311 25 Over 6 months 4,232 90,543
@FedFRASER