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STATSI'SHI1 SOB THE PRESS Released f o r p u b l i c a t i o n Friday morning, Jay 6; not e a r l i e r . 3-763 Federal Reserve Board May 5, 1932. CONDITION OF FEDERAL RESERVE BAMS The d a i l y average volume of Federal reserve "bank c r e d i t outstanding d u r i n g t h e week ending May 4, a s r e p o r t e d "by the Federal reserve banks, was ^ 0 0 0 , an i n c r e a s e of $83, COO, 000 compared with the preceding week and of $870,000,000 compared with the corresponding week in 1931. On May 4, t o t a l reserve "bank c r e d i t amounted to $1,859,000,000, an i n c r e a s e of $74,000,000 f o r t h e week. Tnis increase corresponds with i n c r e a s e s of $50,000,000 i n money in c i r c u l a t i o n , $33,000,000 in member bank reserve balances and $4,000 ^OQO in unexpended c a p i t a l funds, noma ember d e p o s i t s , e t c , , and a decreas e of $23,000,000 in monetary -old stock, o f f s e t in p a r t by an i n c r e a s e of $35,000,000 in Treasury currency, a d j u s t e d . Holdings 01 discounted b i l l s declined. $7,000,000 a t the Federal Reserve Ban... oj. Cleveland, $6,000,000 a t P h i l a d e l p h i a , 64,000,000 at A t l a n t a and $26,000,000 a t a l l Federal 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 i n open market d e c l i n e d $1,000,000, whila h o l d i n g s of United S t a t e s Treasury notes increased $16,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $80,000,000. Changes in the amount of r e s e r v e ban]: c r e d i t outstanding and i n r e l a t e d items d u r i n g the week and the year ending May 4, 1932, were as follows: I n c r e a s e or decrease since May 4 1932 Apr . 27 1932 May 6 1931 (In 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 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 506 45 1,287 22 TOTAL RESERVE 3AEK CREDIT Monetary gold stock Treasury currency a d j u s t e d 1,859 4,345 1,818 Money in c i r c u l a t i o n Member bank r e s e r v e balances Unexpended c a p i t a l funds,nonmember deposits, e t c , 5,448 2,147 428 26 - 1 + 356 - 149 + + 96 5 + 689 + 4- 74 23 35 + 892 - 398 + 35 + + + 50 33 4 + 785 - 2 — 271 + 16 Released f o r p u b l i c a t i o n Friday mornirig, May 6,1932; not e a r l i e r . B-7$3a RESOURCES A'T LIABILITIES OP TEE T^LVE FEDERAL RESERVE BAIL'S COMBINED (In thousands of d o l l a r s ) May 4,1932 Apr. 27.1932 May 6, 1931 Gold with Federal reserve agents . . . . Gold rodenotion fund with U.S.Treasury . Gold held exclusively against F.R.notes Gold settlement fund with F. R. Board Gold and gold c e r t i f i c a t e s held "by "banks Total gold r e s e r v e s Reserves other than gold 2,269,181 35.510 2,304,691 321,625 366,045 2,992,421 2,269,856 36,100 2,305,956 210,825 218,502 1,774,714 32,624 1,207,333 578,498 786,441 3.172,277 172,704 Total r e s e r v e s . . . . . 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 discounted 3.203,246 72,354 3,233,036 80,448 3.344,931 220,079 239,458 -285,722 292,366 58,297 91.905 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 : Bonds . . . . . . . . . . . . . Treasury notes C e r t i f i c a t e s ar.d 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 505,801 44,522 531.1 45,874 150,202 346,149 346,399 95,447 749,386 RESOURCES Total b i l l s and s e c u r i t i c Due from f o r e i g n banks . , F. R. notes of other banks Uncollected i t e n s Bank premises . . All other resources . . . , TOTAL RESOURCES 313,87s 394,700 3,014,534 111,222 829,510 68,033 193.869 59,080 52,227 487,044 1,28:6,881 1,191,232 4,929 1,842,133 4,815 1,100 1,773.745 5.695 5,692 14,914 l4,392yj' 347.315 370,sKO 57.855 58,083 35.100 37,172 943,522 5,603,9IS 598,351 697 IS,202 491,987 58,424 18,351 5.548,108 4,941,197 JU 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 - r e s e r v e account . . . . Government , Foreign bank Other d e p o s i t s 2,561,646 2,526,572 1,540,783 2,147,148 2,114,423 49,155 2,417,734 45,063 32,054 49,598 Total d e p o s i t s . . 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 . . . 2,237,102 2,234,200 341,318 155.240 2,471,540 469,62s 168,590 31,357 16,020 TOTAL LIABILITIES 12,837 21,024 359,198 154,892 259,421 31.6*9 5,603,9^8 /. 255,421 5,542,108 24,716 5.575 23.515 274,636 4,941,197 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 . . . 66.8$ 67.93 83.43 Contingent l i a b i l i t y or. b i l l s purchased f o r f o r e i g n correspondents 278,042 297,735 402,752 RESOURCES AIT LIABILITIES 0? THE FEDERAL RESERVE BATES ON MAT 4, 1932 (In thousands of d o l l a r s ) Total Boston Few York Phi la.. Cleve. Rich. Atlanta Chicago St.Louis Minn. "ans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,269,181 177,527 51%,726 19%,500 240,970 7%,870 102,775 5%7>395 80,320 63,895 o6,020 J>0,^SQ 175,7°3 Gold redemption fund with U.S.Treasury 35,510 1,851 8,099 3,825 3,899 1,%%8 2,157 3,%19 1,90% %92 2,4-35 1,649 %,932 RESOURCES Gold held exclusively against F. R. notes Gold settlement fund with F.R. Board Gold and gold c e r t i f . held by banks Total gold r e s e r v e s Reserves other than gold Total r e s e r v e s Fon-reserve cash B i l l s discounted: Socured by U.S.Govt, 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 : 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 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 items Bank premises All other resources TOTAL RESOURCES' 2,304,691 179,47s 321,685 15,956 366„C45 16,923 2,992,421 212,357 210,825 21,177 3,203,246 233,534 72,35% 5,625 220,079 16,536 285,722 15,096 505,201 31,632 44,522 2,3%9 346,149 1%,717 111,222 6,295 229,510 %5,l%3 1,286,281 66,155 4,929 1,842,133 100,136 5,692 ^ 455 14,392^^ 3^2 3 7 0 , 8 ^ 6 45,315 52,083 3,336 37,178 1,633 522,825 193,325 244,869 114,546 3,398 15,517 224,502 12,961 17,725 76,31s 104,932 550,814 7,-309 8,375 82,224 85,3%6 11,167 27,621 11,326 6,715 7,644 861,873 214,684 278,111 90,342 120,951 663,731 104,777 55,950 29,643 18,840 13,139 5,272 23,489 9,873 917,223 244,327 296,951 103,481 12b,823 687,270 114,650 3,673 3,643 3,669 %,755 12,812 3,35% 20,977 66,6s6 19,657 28,350 4,678 8,221 20 ,129 2,352 64,327 9,763 2,955 77,105 3,722 68,515 9,785 13,070 31,309 180,695 80,827 97,973 2,128 55,337 244,250 3,587 5,921 1,761 2,090 34,849 19,064 21,679 18,23% 5,720 3,693 104,232 61,774 63,199 23,7%2 29,9b0 35,363 14,138 10,454 331 29,737 1,468 2,818 50,266 7,027 2,912 21,035 30,974 11,830 1,912 13,316 27,602 72 5,396 2,37% 42,117 3,104 2,179 176,955 23,604 23,11s 4,893 14,432 3,337 55.3%3 9,009 10,312 653/466 97,692 107,920 1,675 - 2,121 426,162 65,079 74,490 15,757 3,176 780,312 164,528 174,223 2,057 6lb 575 4,336 3"1 910 108,734 32,955 33,900 14,817 2,873 7,9&5 16,731 894 1,682 5,603,9^8 390,459 1,865,837 450,247 22,831 2,172 5,062 12,722 92,373 12,624 155,427 1,193 8,613 1,519 33,179 19,013 91,370 44,183 232,887 6,603 11,15% 11,363 5,373 24,364 37,5%6 7,344 5,530 17,166 24,936 1,493 9,659 11,152 1,434 13,327 1,707 12,330 27,864 38,777 42,641 87,418 6,579 11,648 5,196 37,5%0 5%,32% 48,752 44,756 195,852 46,631 38,971 5°»1%1 40,450 148,381 228 211 802 19 12 1°5 159 393 1 , 1 2 6 / ^ 737 1,53" 1,656 266 1,020 33° 1,724 28,2f3 9 , 0 7 4 44,089 14,625 6,492 18,776 11,704 ID,850 3,612 2,489 7,827 3,46l 1,23% 3,649 1,787 4,433 4,986 3,655 1,664 1,433 1,342 1,082 1,281 7^9 519,849 194,1^7 192,500 954,854 185,829 131,840 180,934 l l 4 , 6 4 l 422,801 L I A B I L I T I E S RESOURCES ATD LIABILITIES OF THE FEDERAL RECEIVE 3AKCS OF MAY 4, 1932 (In thousands of d o l l a r s ) Total Boston Few York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis 2,561,646 l36,g4o 574,533 250^929 291,337 93,520 116,117 545,804 90,743 F . 3 . n o t e s in a c t u a l c i r c u l a t i o n Deposits: Member batik - r e s e r v e account 2,147,148 121,012 1,006,781 119,118 143,493 52,838 46,403 Government 12,837 1,042 3,000 362 125 1,120 1,024 Foreign "bank 45,063 3,557 13,520 4,820 4,727 1,872 1,732 Other d e p o s i t s 32,054 54 19,718 373 2,337 98 158 Total d e p o s i t s 2,237,102 125,671 1,043,019 124,673 150,682 55,928 49,317 Deferred a v a i l a b i l i t y items 359,198 45,277 103,855 30,030 33,09s 26,354 9,115 Can i t 9.1 paid i n 154,892 11,533 59,157 16,231 14,218 5,232 4,824 Surplus 259,-421%, 20,039 75,077 26,486 27,640 1 1 , 4 8 ^ ) 1 0 , 4 4 9 All other l i a b i l i t i e s 31,659 999 10,196 1.898 2.874 l.llQ 2.618 TOTAL LIABILITIES 5,603,918 390,459 1,865,837 450,247 519,849 194,137 192,500 Reserve r a t i o (per cent) 6 6 „ 8 ^ 74.7 56.7 65.0 67.2 69.2 s 76.7 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 correspondents 278,042 21,501 87,359 29,140 28,574 11,317 10,468 Federal reserve notes: Issued to F.R.bank by F.R.agent 2,735,601 204,962 Held by Federal r e s e r v e bank 173,955 18,022 In a c t u a l c i r c u l a t i o n 2,561,646 186,940 C o l l a t e r a l held 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 gold c e r t i f i c a t e s 966,651 47,010 Gold fund - F . R. Board 1,302,530 130,617 E l i g i b l e paper 510,044 31.132 Total c o l l a t e r a l 2,779,225 208,759 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 505,801 44,522 829,510 4,929 11,160 50,966 4,613 740 6,271 643 1,057 1,638 854 40,384 633 1,030 lJ07 307,720 63,441 42,454 41,684 1^,813 6,390 17,335 4,483 2,934 38,411 10,025 6,356 3.900 1.124 1.592 67,271 47,611 142,273 4n 678 2,645 1,310 1,357 3,229 106 69,412 17,323 4,093 8,124 838 120,934 65.1 6,224 8,204 954,554 185,829 131,840 80,5 74,4 70.5 9,902 37,910 2,592 4,714 51,924 152,861 12,890 16,869 3,976 10,816 7,624 17,707 2.054 2.256 l l 4 , 6 4 l 422,801 62.8 65.1 7,922 19,521 FEDERAL RESERVE HOTE STATEL'EFT 605,030 256,422 303,55s 98,988 132,110 575,468 93,975 73,515 92,407 4i,0S3 258,033 30,547 5,493 12,221 5,468 15,993 29,664 3,232 l , 4 o i 11,263 4,910 35.74l 574,533 250,929 291,337 93,520 116,117 5^5,S04 90,743 72,114 81,144 36,173 222,292 484,726 73,400 71,970 12,470 14,275 123,395 15,720 13,145 9,280 12,260 89,000 30,000 121,100 169,000 62,400 88,500 424,000 64,600 50,750 56,800 18,000 86,763 107,371 61,983 63.053 622,097 256,433 304,023 Wi thin 15 days 366,450 300,066 59,892 B-7&3C Minn. ICans.Cy. Dallas San Fran. 72,114 81,144 36,173 222,292 24,6o4 30.295 38.992 13.687 10.137 29.072 11.401 99,474 133,070 586,337 94,007 74,032 95,152 41,663 264,078 MATURITY DISTRIBUTION OF BILLS ATT) SHORT TERM SECURITIES 91 days to l 6 to 30 days 31 to 60 days 6l to SO days 6 months 33,571 51,976 17,624 30,923 6,523 16,92s 9,584 267 80,980 213,025 95,784 228,092 111 107 98 38.115 Over 6 months 5,257 160,663
@FedFRASER