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STATE! 'EFT- FOB THE PRESS
Released f o r p u b l i c a t i o n
Friday morning, Mar, 4;
not e a r l i e r .
B-697
Federal Reserve Board
March 3, 1932.
COrDITIOlT
OF FEDERAL RESERVE BAMS
The d a i l y average volume of Federal r e s e r v e bank c r e d i t outstanding during
ending March 2, as r e p o r t e d by the Federal r e s e r v e banks, was
$ ,728,000,000, a decrease of $47,000,000 compared with the preceding week and
an increase of $807,000,000 compared with the corresponding week in 1931.
6
AC°nnnanon f
r e s e r v e banl: c r e d i t amounted to £1,729,000,000, a decrease
e week
In nnA
- ™ s decrease corresponds with decreases of
$9,000 000 in money in c i r c u l a t i o n and $10,000,000 i n unexpended c a p i t a l funds,
nonmember d e p o s i t s , e t c . , and an i n c r e a s e of $11,00?,000 in Treasury currency, adj u s t e d , o i f s e t i n p a r t by an i n c r e a s e of $24,000,000 in member bank r e s e r v e
balances.
, .
discounted b i l l s increased $3,000,000 each a t the Federal reserve
banksof P h i l a d e l p h i a and Richmond, and decreased $7,000,000 a t Few York,
$3,000,000 each a t Boston and San Francisco, and $7,000,000 at a l l Federal reserve
System's holdings of b i l l s bought in open market declined $17,000,000,
Ind b i l l s $14^000 O O r 3 ^ 7 n 0 t G S i n C r e a S e d *7,000,000 and of Treasury c e r t i f i c a t e s
^ Changes i n tne amount of reserve bank c r e d i t outstanding and in r e l a t e d items
during the week and the year ending March 2, 1932, were as follows:
Increase or decrease
since
Mar. 2
1932
Feb. 24
1932
Mar. 4
1931
(In thousands of d o l l a r s )
B i l l s 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 BA2TC CREDIT
Monetary gold stock
Treasury currency a d j u s t e d
828
116
760
25
1,729
4,350
1,791
Money in c i r c u l a t i o n
5,583
Member bank r e s e r v e b a l a n c e s
1,902
Unexpended, c a o i t a l funds,nonmember d e p o s i t s , ctc. 335
7
- 1 7
+ 19
5
+
+
637
+
8
+
821
+
322
29
15
+ 160
+
11
+
9
24
+1,008
-
463
-
10
-
16
Released for p u b l i c a t i o n Friday morning, 2:ar. 4,1932; not e a r l i e r .
B-G97a
RESOURCES AED LIABILITIES
OF THE TWELVE FEDERAL RESERVE BA3HCS C0MBIF5D
(In thousands of d o l l a r s )
Mar. 2, 1932
Feb. 24,1932
Mar. 4, 1931
RESOURCES
Gold with Federal reserve agents . . .
2,056,14/
Go",d redemption fund with U.S.Treasury
54,744
Gold held exclusively against F.R.notes 2,110,891
Gold settlement fund with F. R. Board .
27S,531
Gold and %old c e r t i f i c a t e s held by banks
549,552
Total tc;old r e s e r v e s
2,938,974
Reserves other than £old
206,381
2,037,03?
55,745
2,092, 777
2?5, c .49
559,222
2,937,548
202,214
Totnljre^erTes
Non-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 discounted
Total b i l l s discounted
B i l l s bought in open market
U. S. Government s e c u r i t i e s :
3,145,355
73,549
3,139,762
75,546
462,142
366,260
828,402
115,640
471,180
364,063
835,243
133,382
318,686
79,501
361,768
7K.9,053
6,073
1,710,070
8,605
14,880
384*984
57,821
39,730
319,241
73, k 97
347,818
y40,^56
14,681
1,723,862
8,595
15,215
398,332
57,821
^9,793
^,434,994
5,458,926
890,998
698
16,239
516,299
55,196
19,729
4,848,080
Bonds
Treasury notes
C e r t i f i c a t e s and b i l l s
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 baides
F.R. notes of other banks
Uncollected items
Bank premises
All other resources
TOTAL RESOURCES
1,705,384
33,620
1,739,004
491,679
863,614
3,094,297
175,990
3,270,287
75,634
63,258
127,318
190,576
100,555
76,123
168,293
355,451
599,867
L I A B I L I T I E S
F. R. notes in a c t u a l c i r c u l a t i o n . .
Deposits:
Member bank - reserve account . . .
Government
Foreign bank
Other deposits
2,638,488
2,642,827
1,459,837
1,902,138
36,875
lb,392
21,696
1,877,793
49,362
16,399
30,002
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
1,97",101
375,05s
156,665
259,421
28,261
1,973,496
396,426
157,'857
259,421
23,899
5,434,994
5,458~,~926
2,365,192
43,644
5,197
16,737
2,430,770
500,381
169,092
274,636
13,364
4,848,080
TOTAL LIABILITIES
Ratio of t o t a l r e s e r v e s to deposit and
F. R. note l i a b i l i t i e s combined . .
68.1$
68.0%
84.1#
Contingent l i a b i l i t y on b i l l s purchased
for f o r e i g n correspondents
311,640
313,281
462,261
RESOURCES AIT) LIABILITIES 0? THE FEDERAL RESERVE BATES OF MARCH 2, 193 2
3-697%
( i n thousands of d o l l a r s )
RESOURCES
Rich. Atlanta Chicago St. Louis Minn. [ans.Cy. Dallas San Fran.
Total Boston Few York Phi l a . Cleve.
Gold with Federal reserve agents
2, 056,147 164,627
473,217 152,700 207,470 74,170 86,775 5^0,320 76,220 56,345 56,080 29,460 138,763
4,628
11,192
3,109
998
7,735
Gold redemption fund with U.S.Treasury 54,744
7,011
6,332
2,259
2.731:
5,506
2,351
839
Gold held exclusively against
F. R. notes
2, 110,891 169,255
484,409 153,711 213,802 76,429 89,509 545,826 73,571 J I ,234 59,189 30,45s 146,498
8,046 25,030
6, s 4 i 12,255
Geld settlement fund with F.R. Board
110,124 14,042 35,007
9,120
272,531 14,335
7,500 28,396
7,775
1.446 21.924
Gold and gold c e r t i f . held by banks
355,076 26,964 24,341 _ £ i I S 2 . 9.142 55.010 11,'
549,552 18,801
. ^ . l i i 12,743
Total gold reserves
2, 933,974 202, 451
949,b09 200,717 273,152 91,931 106,151 629,232 97,392 66,250 34,187 41,950 195,452
7,214
7,347
9,943 11,974
206,331 20, 045
5,246 27,672 11.275
Reserves other than gold
53,532 24,264 16,195 11,113
reserves
3, ^•5,355 22 P f436 1,003,191 224,931 253,350 103,049 111,397 656,904 109,170 73,464 92,034 51,593 207,426
6,529
2,089
on-reserve c a s i
3, '499
4,047
19,266
1,955
3,^71
4,363 12,226
4,325
4,459
73,549
7* 320
B i l l s disccunt 3d:
9,244
3,567 88,337
462,142 21, 430
3,023
Secured by U.S.Govt, o b l i g a t i o n s
117,044 66,148 67,710 11,643 13,604 47.502 12,335
11,781
46,352
7,660 10,164 30,695
Other b i l l s discounted
366,260 15, 353
44,583 59,533 54,045 26,651 34,199 24,675
Total b i l l s discounted
S2o ,.402 37, 289
161,632 125,736 121,755 35,294 47,503 72,130 20,045 13,192 39,939 15,348 135,139
B i l l s bought in open uiarket
4,569
4,432
2,952
3,539 15,295
115,640
6,271
7,247
5,145
7,135 14,267
37,750
7, 035
*J. S. Government s e c u r i t i e s :
17,344
7,635 16,959
Bonds
313,62b 23, 333
5,223 54,219 11,760 15,304
1-0,707 23,164 26,161
5,731
1,663
4,995
1,530
Treasury notes
2,701
1,971
8,900
1,225
36,712
79,501
5,869
989
7,137
5, 509
8,712 24,902
C e r t i f i c a t e s and b i l l s
9,860
9,193
6,156 44,527 13,536
361,76s 27',:248
7,361
143,546 31,131 35,546
To.tal U.S. Govt, 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.notes of other banks
Uncollected i terns
Bank premises
All other resources
TOTAL RESOURCES
759,955 56, 156
100
6,073
1, 710,070 100, 530
696
?V05
14,830
355
334,934 42, 331
57,821
3, 336
1, 077
39,730
290,965
4,716
60,214
153
63,844
—
495,063 192,379 197,346
3,062
57:'
943
1,126
4,i6o
473
111,397 34,137 34,645
2,626
14,317
7,959
i,4io
1,950
15,375
14,0a
-
57,520
348
1,037
27,547
3,605
5,203
12,604 107,646
1,000
27,997
67,"42 195.>93
1,227
322
302
2,470
47,270
9,461
2,489
7,827
4,029
3,937
52,474
21
1,033
16,002
3,461
1,812
-
-
27,635
99
43,373
13
500
6,212
1,834
1,439
13,703
-
63,216
252
1,135
21,395
3,649
1,066
27,364
-
47,741
-
46,251 193,223
600
243
1,453
275
12,674 20,863
4,433
1,735
1,006
1,370
5,434,994 378,741 1,666,831 46i,4os 537,801 202,640 200,363 927,046 187,450 129,295 184,886 117,990 440,543
L I A B I L I T I E S
RESOURCES AND LIABILITIES OF THE FEDERAL' 'RESERVE BAMS' OF MARCH 2,
(In thousands of d o l l a r s )
T
Total Boston ! ew York P h i l a . Cleve.
Rich. Atlanta Chicago St.Louis
2,638,488 181,344
573,861 260,085 308,582 103,256 120,565 565,916 93,528
F.R.notes in a c t u a l c i r c u l a t i o n
Deposits:
Member bank - reserve account
1,902,138 118,370
810,407
Government
2,066
16,548
36,875
Foreign bank
16,392
1,254
5,269
Other deposits
21.696
10.243
111.
Total deposits
842,467
1,977,101 121,803
Deferred a v a i l a b i l i t y i t eras
375,052 43,075
106,529
Capital paid in
156,665 11,580
59,567
Surplus
259,421 20,039
75,077
All other l i a b i l i t i e s
22,261
900
9,330
TOTAL LIABILITIES
5,434,994 378,741 1,666,831
Reserve r a t i o ('per cent)
68.1
70. S
73.4
Contingent l i a b i l i t y en b i l l s p u r chased f o r foreign, correspondents
511,640 23,702
101,440
Federal reserve notes:
Issued to F.R.bank by F.R.agent
Held by Federal reserve bank
In actual c i r c u l a t i o n
C o l l a t e r a l held by agent as sec u r i t y f o r notes issued to ba^il
Gold and gold c e r t i f i c a t e s
Gold fund - F. H. Board
E l i g i b l e ua-oer
Total c o l l a t e ! a l
B-697C
Minn. Kans.Cy. Dallas San Fran.
69,070 83,943 40,755 237,533
120,251 141,421 52,96 7 49,599 251,901 58,130 41,522 66,566 47,156 143,548
2,761
1,700
22k
125,106
32,019
16,368
26,486
1,344
461,405
%.4
3,993
1,607
793
660
31,499
12,475
3.199
150,285 54,51s
l 4 , 6 l 4 27,012
14,331
5,310
27,64o 11,483
l.cSi
2,349
537,801 202,640
63.1
b5-3
1,506
780
1,507
1,192
360
2,714
2,650
6ll
2,211
577
363
479
462
1,139
418
515
851
798
491
29
4,547
52,531 255,743 61,012 43,495 67,396 50,361 151,384
9,341 45,668 17,091
5,945 20,012 13,184 20,56s
4,982 17,727
4,149
4,499
2,945
4,032 11,175
10,449 33,411 10,025
8,124
6,356
7,624 17,707
l,4s4
2,495
3.5S1
1,626
1,295
762
2,034
200,303 927,046 187,450 129,295 184,886 117,990 440,543
64.4
60.6
70.6
79.9
65.3
57.0
53.3
10,915
6,861
9,044
2,638,488 181,344
621,082 277,103 326,631 112,606 137,790 616,263
47,221 17,018 18,049
9,350 17,225 50,347
573,861 260,085 303,522 103,256 120,565 565,916
97,434
3,906
93,52s
70,575
1,505
69,070
94,050
10,107
83,943
46,263 285,536
5,508 47,953
40,755 237,533
748,967 47,010
1,307,130 117,617
.02,360 41,7 hi
323,217 57,400 64,470
150,000 95,300 143,000
138,255 128,482 125,620
12,775 97,320
74,000 44j,000
52,976 51,399
15,520
60,700
21,233
13,145
43,200
14,632
9,280
46,800
4l,j63
12,260 85,000
17,200 53,763
17,372 147,499
:,5 53,707 206,333
661,472 281,182 333,090 115,733 139,751 621,719
97,458
70,977
97,543
46,332 286,262
32,123
11,539
41,791
8,732
21,519
FEDERAL RESERVE F0T3 STATEMENT
2,887,961 202,628
249,473 21,284
11,570
62,60c
41,563
MATURITY DISTRIBUTION OF BILLS AM) SHORT TERM SECURITIES
Total
B i l l s discounted
B i l l s bought in open market
C e r t i f i c a t e s and b i l l s
Municipal warrants
828,402
115,640
361,768
4,573
Within 15 days
l6 to 30 days
649,004
48,008
67,546
4,390
47,283
37,132
4,250
130
31 to 60 days
66,090
12,711
6,300
1
6l to 90 days
46,217
17,763
54,816
91 days to
6 months
15,914
21
95,204
52
Over 6 months
3,894
133,652
@FedFRASER