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STATEMENT FOR TEE 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 , Nov. 11; not e a r l i e r . 3-801 F e d e r a l R e s e r v e Board November 10, 1932. CONDITION OF FEDERAL RESERVE BANKS 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 November 9> 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 $ 2 , 2 2 3 , 0 0 0 , 0 0 0 , a d e c r e a s e of $5>000,000 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 $ 1 2 8 , 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 l ^ j i l . On November 9 t o t a l r e s e r v e bank c r e d i t amounted to $ 2 , 1 9 9 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 2 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 member bank r e s e r v e b a l a n c e s and $ 3 , 0 0 0 , 0 0 0 i n unexpended c a p i t a l f u n d s , nomaember d e p o s i t s , e t c . , and i n c r e a s e s of $ 4 , 0 0 0 , 0 0 0 i n m o n e t a r y g o l d s t o c k and $ 1 1 , 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 an i n c r e a s e of $ 3 5 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n . 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 $ 7 , 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 New York, $ 3 , 0 0 0 , 0 0 0 e a c h a t C l e v e l a n d and San F r a n c i s c o and £ 1 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 and of U n i t e d S t a t e s Government s e c u r i t i e s were p r a c t i c a l l y u n c h a n g e d . 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 November 9, 1932, were a s f o l l o w s : Increase or decrease since Nov. 9 1932 Nov. 2 1932 Nov. 11 1931 ( i n m 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 311 34 1,851 3 -15 TOTAL RESERVE BA.T. CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 2,199 4,270 1,918 -27 + 4 +11 + 135 76 + 172 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 funds,nonmembsr d e p o s i t s , e t c . 5,651 +35 -42 - 3 + + - 134 243 14b 2,342 394 — -12 - 372 - 562 +1,124 53 Released, f o r p u b l i c a t i o n F r i d a y morning, November 1 1 , 1 9 3 2 ; n o t e a r l i e r , B-801a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAHS COMB IIIED ( i n t h o u s a n d s of d o l l a r s ) Nov. 9 , 1932 Nov. 2, 1932 Nov. 1 1 , 1 9 3 1 2,225,469 42,040 2,207,934 1,635,806 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 . 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 v/ith 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 Total gold r e s e r v e s 2,270,509 319,906 419,230 3,009,645 Reserves other than gold . . . . . . . . 185 967 Total reserves Non-reserve cash B i l l s discounted: S e c . 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 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 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 u r i t i e s Other s e c u r i t i e s 3,195,612 pgg '"' 100,992 1,706,143 396,679 723,825 3,003,647 2,826,647 196,582 3,200,229 74,459 107,622 70,337 162,737 2,989,384 310,953 "54,002 326,044 34,053 67,364 327,026 356,73s 083,764 596,752 420,565 362,872 420,651 362,874 1,067,258 316,852 26,950 383,661 1,850,783 5,425 727,463 209,'961 1,067,160 . 43,102 2,251,036 335.26s 417,343 1,850,697 ^ 218,422 31,599 2,039,57s 8,709 2,201,079 2 774 1.2 219 "517 900 58^169 2,216,305 52,137 36,324 477,643 59,410 44,369 5,897,967 5,953,378 5,704,196 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 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 2,71^,299 ' 2,^42,333 "28,322 10,717 2"^ 086 2,700,818 2,449,959 2,334,097 31,305 2,098,533 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 2,4o4,458 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 b a n k s F . R. n o t e s of o t h e r oamis • • « « » • Uncollected items • Bank p r e m i s e s [ * All other resources TOTAL RESOURCES . . . . 2,873 13,140 361,411 17,739 L I A B I L I T I E S . . . . 28,389 49,600 133,008 52,20s l ^ p ObS 259:421 43,738 2,453,679 355,005 152,105 259,421 42,350 2,333,349 461,933 l64,44l 5,897,967 5,963,378 5,704,196 . . . . TOTAL LIABILITIES 9,888 274,636 19,87s 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 and F . R. n o t e l i a b i l i t i e s combined . . . 62.4$ 62.1% 62.5^ 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 37,916 38,847 108,862 RESOURCES AND LIABILITIES OF THE FEDERAL.RESERVE BAMS OH NOVEMBER 9, 1932 ( i n t h o u s a n d s of d o l l a r s ) B-SOlb T o t a l Boston New York P h i l a . CIeve. 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 2 8 , 4 6 9 191,227 603,724 1 5 4 , 3 0 0 174,470 7 2 , 0 0 0 56,500 643,970 69,915 36,885 5 6 , 4 8 0 2 4 , 7 3 5 144,263 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 4 2 , 0 4 q 3,043 4,762 5,165 5,^97 2,000 3.389 4 , 2 9 8 1.727 2.301 2,369 1.163 6.226 R E S O U R C E S 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 g o l d c e r t i f . h e l d by b a n k s Total gold reserves Reserves other than gold Total r e s e r v e s Non-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 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 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 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 2,270,509 194,270 319,906 419,230 16,820 16,382 3 , 0 0 9 , 6 4 5 227,472 608,4s6 159,465 180,067 74,000 71,642 11,082 5,724 39,186 9,979 2.322 58,849 1^.137 11.030 25,89s 88,448 51,487 84,Ol6 5,298 3 8 , 4 2 4 202,756 7,123 9,080 3,512 1,973 89,314 2,650 45,547 2,646 211,836 14,320 5,244 12.386 4,343 4.449 11,532 1,372 15,179 755 7,491 27,259 35,524 4,122 8,792 1,008 29,133 19,522 7,875 8,4-52 59,889 648,268 6 , 3 3 1 103,7^7 9 , 1 1 2 27,05o 9 6 2 , 5 1 3 1 8 1 , 0 7 7 228,722 13,520 90,327 8,022 75,332 779,071 5,124 27,402 69,645 284,382 13,398 8.214 185,967 16,361 56,091 2 5 , 5 4 5 3,195,612 243,833 1 , 0 1 8 , 6 0 4 2 0 6 , 6 2 2 7,986 4 , 4 1 5 806,473 96,434 55,902 150,489 8 , 3 8 5 29,374 4 . l 4 l 22,893 73,220 4,873 20,051 4,055 242,242 3,846 98,349 2,927 80,456 5,323 100,992 209,961 8.471 3,605 31,112. 27,366 12,543 34,947 9,l46 17,911 2,496 16,519 2,454 18,186 3,097 19,015 2,070 20,640 2,338 58,478 10,371 36,492 29,302 38,434 7 8 , 7 9 4 103,356 10,l6l 27,322 9,549 40,776 10,038 4 6 , 8 4 3 26.993 1 7 4 . 5 9 1 13,941 14,154 38,06l 17,179 10,154 27.298 H,775 12,327 33,150 16,287 25,268 6,623 26,613 47,133 21 46,580 262,210 HZ II 66,156 II 54,631 209 57,252 ™ 4 0 , 7 2 1 123,444 II 70,287 283,962 75,956 67,669 7^,692 4 9 , 8 2 5 188,564 19 1,135 i4,o64 3,461 1,026 12 487 83 818 310,953 12,076 34,002 420,665 20,347 362,872 20,737 1.067.160 5 5 , 6 4 3 1,850,697 96,727 5/427 2,201,079 l l l , l 4 l 2,774 12,219 317,900 58,169 36,994 229 207 36,596 3,336 1,138 47,490 27,057 3,211 188,228 137,486 412,578 31,173 738,292 3,921 139,269 811,062 191,267 208,436 68,218 929 2,680 310 360 290 1,169 115 903 2S,:84o 14,817 19,327 2,§47 715 7,968 1,201 178,282 1,297 83,366 24,595 29,178 9,650 3,619 3,045 3,067 106 792 9,966 2,489 3,852 17,630 403 2,075 37,l4i 7,828 1,635 663 12,195 16,551 634 889 8,320 1,835 1,76:7 17,024 3,649 858 8,246 85S 17.811 80 253 13,457 1,787 1,328 7,044 62,733 2,337 71,563 198 1,3^0 15,353 4,433 1,102 5 , 8 9 7 , 9 6 7 4 0 1 , 3 5 3 1 , 9 7 0 , 8 3 6 4 3 0 , 8 7 1 494,330 206,016 173,2711,153,837 195,607 1 3 7 , 9 6 5 1 8 9 , 0 8 8 1 1 4 , 9 2 3 429,870 L I A 3 I L I B S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 9 , 1932 ( i n t h o u s a n d s of d o l l a r s ) 3-g01c T o t a l B o s t o n Few 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 . 526,369 240,014 274,745 101,317 99,031 674,489 101,649 79,130 90,810 39,361 233,50s 2,342,333 135,693 1,123,254 115,173 1^0,133 52,517 4E,94I 377,074 60,209 35,666 65,240 43,620 141,813 25,322 l,b35 12,265 1,964 2,150 2,177 2,070 654 655 1,216 146 1,882 1 , 4 7 5 2,715,299 194,576 F.R.notes in actual circulation Deposits: Member "bank - r e s e r v e a c c o u n t Government Foreign tank 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 10,717 23,056 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 Federal reserve notes: I s s u e d t o 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 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 banks Gold and g o l d c e r t i f i c a t e s Gold f u n d - F . R. Board E l i g i b l e paper 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 757 25 3,740 1,066 1,046 11,296 159 2,096 2,4o4,455 l4i,143 1,150,555 121,392 145,425 322,953 33,285 54,166 24,042 28,696 152,06s 10,570 59,009 16,102 14,217 259/421 20,039 75,077 26,486 27,640 43. i,i4o 15.660 2,835 3,607 5,597,967 401,353 1,970,536 430,871 494,330 62.4 72.6 55.6 57.2 57.7 37,9lb 2,937 11,566 3,951 3,904 4i4 353 1,357 362 225 300 290 714 1,782 1,054 457 575 268 50 193 4,76s 56,890 46,478 379,602 62,io4 40,378 65,736 45,955 145,770 29,721 9,731 4o,oo4 16,069 7,365 15,447 15,357 16,070 5,169 4,682 16,244 4,405 2,910 4,057 3 , 6 9 5 10,505 11,483 10,449 38,411 10,025 6,356 8,124 7 , 6 2 4 17,707 1,436 2,900 5,087 1,355 1,826 1,914 2,668 3,310 206,016 173,2711,153,837 195,607 137,965 159,055 114,923 429,870 62.2 55.3 76.5 55.9 46.8 57.1 53.4 55.4 1,546 1,430 5,179 1,353 850 1,121 1,052 2,667 FEDERAL RESERVE NOTE STATEMENT 2,932,116 210,956 216,817 16,080 657,048 250,907 285,083 107,871 116,340 705,250 109,5596 51,652 99,535 44,524 263,051 70,679 10,893 10,335 6,554 17,309 30,761 7,947 2,522 9,028 5,163 29,543 586,369 240,014 274,745 101,317 99,031 674,459 101,649 79,130 90,810 ' 39,361 233,50s 1,069,224 47,010 1,159,245 144,217 294,355 12,042 439, 724 2,715,299 194,876 424,900 s,4oo 2,947,757 211,669 78,490 71,470 12,920 13,500 261,970 21,315 13,885 9,680 12,260 87,000 164, 000 75.810 103,000 59,080 43,000 352,000 4s,600 23,000 46,800 12,475 57,263 56, 126 47,432 27,020 19,754 20,598 17,453 8,482 10,052 l6,043 5 , 0 7 5 51,278 50,000 55,000 17,000 41,000 47,000 31,300 35,400 25,000 11,800 70,000 659, 550 251,732 256,490 103,754 115,09s 708,423 109,697 82,367 100,523 44,613 265,541 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 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 To t a l W i t h i n 15 d a y s l 6 t o 30 days 310,953 34,002 221,935 5,957 26,756 5,-517 1, 067,160 5,427 120,750 3,921 69,000 1,257 31 to 60 days 34,253 8,69s 6s,6oo 50 6 l to 90 days is,325 10,530 139,539 199 91 days to 6 months Over 6 months 5,205 1,419 355,770 313,201
@FedFRASER