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STATSMETT FOR TH5 PB3SS Released f o r p u b l i c a t i o n F r i d a y morning, May 13; not e a r l i e r . B-775 F e d e r a l R e s e r v e Board May 12, 1932. COHDITIOF OF FEDERAL HSS'SRVI B.4M3 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 May 11, as 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 , 8 9 5 , 0 0 0 , 0 0 0 , an i n c r e a s e of $ 5 3 , 0 0 0 , 0 0 0 compared w i t h t h e p r e c e d i n g weak and of $9>o2, 000,000 comp a r e d 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 May 11 t o t a l r e s e r v e bank c r e d i t amounted to $ 1 , 9 1 9 , 0 0 0 , 0 0 0 , an i n c r e a s e of $ 6 0 , 0 j 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 d e c r e a s e s of $3*1,000,000 i n monetary g o l d s t o c k and $ 4 7 , 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 7 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n and $ 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 . 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 $ 1 4 , 0 0 0 , 0 0 0 a t the 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 , $ 5 , 0 0 0 , 0 0 0 each a t C l e v e l a n d and Chicago, $ 4 , 0 0 0 , 0 0 0 a t Few York and $ 3 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 bought i n open market d e c l i n e d $ 2 , 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 T r e a s u r y n o t e s i n c r e a s e d $ 4 1 , 0 0 0 , 0 0 0 and 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 $ 5 5 , 0 0 0 , 0 0 0 . T h i s w e e k ' s s t a t e m e n t shows U n i t e d S t a t e s Government s e c u r i t i e s i n t h e amount of $ 9 7 , 0 0 0 , 0 0 0 p l e d g e d w i t h F e d e r a l r e s e r v e a g e n t s a s c o l l a t e r a l f o r F e d e r a l r e serve 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 the week and t h e y e a r e n d i n g May 11, 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 May 11 _1912_ May 4 19]2_ May 13 1931 ( I n r n 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 471 43 1,325 13 TOTAL R5SFRYE BASK CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 1,919 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 . - - *+• 4,314 — 1,771 - 5,431 — 2,144 428 - 35 + 326 2 98 3 + 110 787 2 60 +1,001 - 452 2 31 47 17 3 + + 804 277 20 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 morning, I,'a/ 13; 19325 n o t e a r l i e r . B-77^& RESOTT.CES A1"!) LIABILITIES OF THE T'7EL73 * T.Z 'AL ISS^TrS ^AITKS 00!-rBIlTSD ( I n thousandr> of d o l l a r s ) May 1 1 . 1 9 3 2 Hay 4 , 1 9 3 ? Hay 13, 1931 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 . 2,219,609 j k , 832_ 2,269,121 35>510 1,757»864 32,623 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 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 2,254,447 335>320 366,650 2,304,691 321,685 366,045 1,790,487 6o4,223 815,899 Total g o l d r e s e r v e s Reserves other than gold 2,956,417 207,733 2,992,421 210,825 3»210,509 178,275 Total reserves ITon-reserve c a s h 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 3,164,150 77,209 3» 203,246 72,354 3,3&2,884 71,46l 190,555 280,818 220,079 285,722 48,832 96,072 471,373 42,719 505,201 44,522 144,904 153,103 346,147 153,740 885,380 346,149 111,222 829,510 59,015 52,228 487,171 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 . . . . . 1,385,267 5,042 1,286,881 4,929 598,4l4 1,118 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 o m i s e s . . . . All other resources 1,904,401 1,842,133 897,544 5,692 ^ 69% 14,39215,478 370,846' 542,396 52,083 52,422 37,172 18,760 R E S O U R C E S Total b i l l s discounted B i l l s b o u g h t 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 . . . TOTAL RESOURCES 4,699 14,994 354,586 52,082 37,519 5,615,6^0 5,603,9]|3 4,993,703 1,528,310 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 b a n k - 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 paid in Surplus All other l i a b i l i t i e s 2,551.363 2,561,646 2,144,373 51,075 44,177 33,350 2,272,975 344,884 154,806 259,421 52,191 2,l47,l48 2,420,793 12,837 36,200 45,063 5«219 32,054 20,369 2,237,102 2,483,181 359,19% 522,909 154,892 168,453 259,421 274,636 31,6^9 u l6,2l4 TOTAL LIABILITIES . . . . 5^615,640 5,603,91% 4,993,703 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 . . 65.6$ 66.8^ 84.5$ 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 270,741 278,042 394,907 RESOURCES AKD LIABILITIES OF THE FEDERAL RESERVE BAHCS OH MA.Y 11, 1932 ( i n t h o u s a n d s of d o l l a r s ) B-774d T o t a l Boston Hew 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 . 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 , 2 1 9 , 6 0 9 182,627 %79,9%9 186,000 232,970 73,070 97,775 5^7,395 77,750 6 0 , 8 7 0 6 5 , 0 8 0 29,360 186,763 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 34,838 1,806 7,7^7 4,185 3,791 1,380 1,894 3,158 1,776 771 2,399 1,031 4,900 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 , 2 5 4 , 4 4 7 184,433 437,696 190,185 236,761 74,450 99,669 550,553 79,526 6 l , 6 4 l 67,479 30,391 191,663 Gold s e t t l e m e n t f a n d w i t h F . R . Board 6,526 9 , 7 5 9 4 , 2 8 5 19,684 3,676 10,236 94,046 115,751 10,907 24,969 7,395 335,320 28,036 Gold and g o l d c e r t i f . h e l d "by b a n k s 6,913 220,025 9 , 3 9 7 17,757 7,149 27,724 11,317 3 , 0 7 4 13,082 5,506 27,977 366,650 16,724 Total gold reserves 2,956,417 229,243 823,472 210,489 279,487 35,044 117,054 672,323 97,369 7 4 , 4 7 4 8 7 , 9 5 6 40,182 239,324 Reserves other than gold 6,622 10,990 11,481 6,035 22,936 10,253 3 , 8 0 5 55,982 27,552 17,833 12,841 207,733 21,403 R E S O U R C E S Total reserves Ton-reserve cash B i l l s 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 d i s c o u n t e d Total t i l l s discounted p i l l s b o u g h t 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 3,164,150 250,646 77,209 5,560 190,555 280,818 13,367 15,331 471,373 23,698 2,346 42,719 346,147 153,740 885,380 44,496 Total U.S.Govt, s e c u r i t i e s Other s e c u r i t i e s 1,385,267 66,155 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 1,904,401 TOTAL RESOURCES 5,042 4,699 14,994 354,5-36 58,082 37,519 13,5S3 8,076 - 97,199 374 251 4o,6n 3,336 1,613 879,454 233,041 297,320 97,885 123,089 695,259 107,622 78,279 24,124 4,916 1 2 , 7 3 1 2,127 3,521 3,659 3.93S 3,536 63,958 36,119 100,077 13,029 20,073 41,012 174,354 73,986 443,818 23,459 12,513 69,334 61,035 3,387 24,279 34,163 1,675 7,573 23,098 15,126 17,851 58,442 3,104 22,621 3 0 , 9 7 1 2,154 1,570 32,977 5,013 23,280 5,464 3,407 18,879 3,514 50,413 14,519 80,449 692,15s 105,316 118,243 3,289 4,148 13,473 27,750 - 809,353 171,463 179,794 474 508 1,699 1,071 4,337 339 94,827 3 1 , 1 0 4 32,354 14,817 2,373 7,965 13,146 1,671 893 188 1,239 29,402 3,611 4,143 1,576 - 49,848 205,960 660 174 856 1,639 10,053 42,752 2,439 7,827 1,552 3,695 2,255 1,667 1,463 9,577 11,244 1,421 23,590 23,293 12,124 6,029 7,322 - 49,585 19 1,339 15,644 3,461 l , 4o6 78 41,390 12 549 6,532 1,834 1,345 51,172 250,805 6,843 3,949 4,703 8,930 12,912 10,556 692 1,519 2,126 17,973 2,319 4,255 11,667 9 9 , 5 3 4 23,577 1 5 , 6 2 1 17,307 167,970 3 5 , 1 5 4 3 0 , 5 6 4 - 52,525 7,612 5,300 94,578 26,173 47,324 73,497 6,216 3,716 20,602 14,244 2,646 14,663 42,690 30„347 31,553 62,745 - 60,108 136 1,322 18,884 3,649 1,05s 12,351 7,704 - - 44,218 142,453 131 161 11,775 l,7S7 1,321 324 1,791 20,648 4,433 671 5,615,640 399,590 1,846,757 443,757 524,170 192,707 195,120 963/430 183,064 132,56s 121,990 114,514 427,973 RESOURCES ATTD LIABILITIES OF THE FEDERAL RESERVE BAMS 01? MAY 11, 1932 ( I n t h o u s a n d s of d o l l a r s ) T o t a l B o s t o n T'ew York P h i l a . Cleve. R i c h . A t l a n t a Chicago S t . L o u i s L I A B I L I T I E S 2, 551,363 127,273 P.P..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 paid in Surplus All other l i a b i l i t i e s 2, 144,373 51,075 44,177 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 2,272,975 344,884 154,806 259,421 32,191 5,615,640 65.6 270,741 134,022 929,970 117,182 i4i,482 50,620 46,304 313,110 56,579 1,24s 2,734 2,985 23,775 6,73^ 3,198 551 1,122 3,442 1,811 1,676 6,069 13,653 4,665 4,574 1,535 4R6 67 135,779 1,047,249 124,206 155,272 55,751 51,216 320,156 60,364 40,921 90,167 29,964 32,035 26,217 9,715 4i,i6o 16,669 11,526 59,134 16,231 14,212 5,218 4,233 17,329 4,483 20,039 75,077 26,426 27,640 11,423 10,449 32,411 10,025 1,052 10,301 1,965 2,945 1,116 2,594 4,005 1,346 399,590 1,246,757 448,757 524,170 192,707 195,120 968,430 183,064 76.9 54.6 63.6 66.5 66.1 73.5 30.1 71.5 20,660 Federal reserve notes: I s s u e d to P . R . b a n k b y P . R . a g e n t 2 , 7 6 5 , 3 4 5 207,218 H e l d by F e d e r a l r e s e r v e b a n k 213,982 19,945 In a c t u a l c i r c u l a t i o n 2,551,363 137,273 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 and g o l d c e r t i f i c a t e s 955,969 47,010 1,263,640 135,617 Gold f u n d - ? . R . Board 474,219 28,221 E l i g i b l e paper 97,300 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 2 , 7 9 1 , 1 2 8 210,842 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 C e r t i f i c a t e s and b i l l s Municipal warrants 471,373 42,719 225,320 5,042 564,829 249,305 292,054 92,322 115,663 547,339 90,177 W i t h i n 15 days 332,185 11,410 53,591 4,726 87,517 28,000 27,456 10,274 10,058 36,427 9,515 B-774c Minn. K a n s . C y . D a l l a s San F r a n . 72,664 so,905 35,435 223,397 39,255 1,685 996 28 5 42,821 6,160 2,934 6,356 1,633 132,568 67.8 5,931 67,459 45,776 141,454 2,288 3,479 1,219 1,262 3,125 1,313 108 70,099 52,921 17,934 12,486 4,091 3,961 8,124 7,624 2,027 837 181,990 I l 4 , 5 i 4 62.6 57.9 7,224 152,905 20,856 10,792 17,707 2,310 427,973 66.6 7,612 12,757 FEDERAL RESERVI F0TE STATEME?TT 626,792 261,044 304,503 99,119 132,550 577,339 61,963 11,739 12,449 6,797 16,887 30,000 564,829 249,305 292,054 92,322 115,663 547,339 94,177 4,000 90,177 75,320 89,986 40,957 256,340 2,656 9,031 5,522 32,943 72,664 80,905 35,435 223,397 479,949 15,650 62,100 12,521 4,000 94,271 13,120 9,280 12,260 47,750 55,800 17,100 10,167 27,740 11,651 6,300 77,337 92,220 4 l , 0 l l 76,140 71,970 12,420 109,860 161,000 60,650 102,602 61,264 58,290 23,303 49,000 14,000 15,000 3,000 631,557 261,264 306,260 99,373 14,775 83,000 30,721 6,000 134,496 123,395 424,000 33,571 580,966 MATURITY DISTRIBUTION OF BILLS AFD SHORT TERM SECURITIES 91 days t o l 6 to 30 days 31 t o 60 days 6 l to 90 d a y s 6 months 12,471 50,427 34,455 30,752 240 18,067 8,049 4,953 54,500 79,100 271,304 213,025 ill 142 63 80,000 106,763 74,162 260,925 Over 6 months 5,077 213,860
@FedFRASER