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STATEMENT FOR THE 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. I S ; not e a r l i e r . B-801 F e d e r a l R e s e r v e Board November 17, 1932 CONDITION OF FEDERAL RESERVE BANES 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 l 6 , 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 $2,205»vOO,000, a d e c r e a s e of $ 1 8 , 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 $ 1 6 9 , 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 I 9 3 I . On November l 6 , t o t a l r e s e r v e c r e a s e of $9»000,000 f o r t h e week. $5"1000,000 i n member b a n k r e s e r v e $14,000,000 i n monetary gold stock and by d e c r e a s e s of $ 2 2 , 0 0 0 , 0 0 0 i n c a p i t a l f u n d s , nonmember d e p o s i t s , bank c r e d i t amounted to $ 2 , 2 0 8 , 0 0 0 , 0 0 0 , an i n 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 an i n c r e a s e of b a l a n c e s , o f f s e t i n p a r t by i n c r e a s e s of 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 , money i n c i r c u l a t i o n and $ 2 , 0 0 0 , 0 0 0 i n unexpended etc. 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 $ 4 , 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 San F r a n c i s c o and t h e same amount 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 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 $ 5 , 0 0 0 , 0 0 0 , w h i l e h o l d i n g s 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 d e c l i n e d by t h e same amount. 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 ending November l 6 , 1932, were a s f o l l o w s : Increase or decrease since Nov. l 6 1932 Nov. 9 1932,. Nov. 18 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 307 35 1,851 16 - 4 +l —— +12 TOTAL RESERVE BANK CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 2,208 4,284 1,929 +9 +l4 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,nonmember d e p o s i t s , e t c . 5,629 2,400 392 - 355 - 499 +1,124 - 32 + 236 +11 + 154 -22 +58 + + - 158 276 130 - 2 86 Released, f o r p u b l i c a t i o n F r i d a y morning, November 18,1932; 101 e a r l i e r . B-SOla RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANES COMBINED ( i n t h o u s a n d s of d o l l a r s ) Nov. 16,1932 Nov. 9 , 1 9 3 2 Nov., 1 8 , 1 9 3 1 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 redemption f u n d w i t h U . S . T r e a s u r y „ 2,241,169 1+2,106 2,228,469 42,040 1,710,806 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. Board Gold and g o l d c e r t i f i c a t e s h e l d by b a n k s 2,283,275 2,270,509 319,906 419,230 1,781,423 Total gold reserves Reserves other than gold 3,027,069 192,382 3,009,645 185,967 2,874,776 168,046 Total reserves . . . . . . 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 d i s c o u n t e d 3,219,451 75,817 3,195,612 3,042,822 R ESQ. U R G E S Total b i l l s discounted B i l l s bought i n 00en 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 321,867 421,927 743,752 70,438 100,9.92 205,879 209,961 314,356 347,685 307,172 34,524 310,953 34,002 662,041 420,693 420,665 316,505 23,968 386,586 101,293 368,384 1,061,657 1,850,734 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 b a n k s Uncollected, i t e m s Bank p r e m i s e s All other resources 2,197,999 . . . . 349,601 73,220 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 . . . TOTAL RESOURCES 70,617 5,569 362,872 1,067,160 1,850,697 5,427 2,201,079 2,774 534,017 727,059 33,029 1,956,146 8,706 2,749 14,310 439,203 53,169 33.157 317,900 36,994 17,804 494,794 59,462 42,442 6,045,855 5,397,967 5,692,614 2,699,747 2,715,299 2,433,392 2,399,722 2,342,333 2,123,875 22,445 10,717 23,086 2,459,125 2,404,^58 2,312,484 431,775 151,993 322,983 152,068 483,060 164,074 43,794 43,738 19,963 6,045,855 5,897,967 5,692,614 12,219 58,169 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 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 TOTAL LIABILITIES 26,036 10,922 259,421 . . . . 28,322 259,421 23,571 137,415 27,623 274,636 R a t i o of t o t a l r e s e r v e s to d e o o s i t and F . R. n o t e l i a b i l i t i e s combined . . . 6 2 . 4fe 62.4$ 64.1$ 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 34,954 37,916 114,685 RESOURCES AKD LIABILITIES OF THE FEDERAL RESERVE BASKS OH NOVEMBER l 6 , 1932 ( I n t h o u s a n d s of d o l l a r s ) B-801b T o t a l Boston Hew York P h i l a . C l e v e . Rich., A t l a n t a Chicago S t . L o u i s Minn. Kans,Cy» D a l l a s San F r a i l . R E S O U R C E S 6 ^ ^ f ! " R. n o t e s ^ ^ 2 , 2 8 3 , 2 7 5 188,258 Sid S f g o i r L r U ^ i e V t y ' t a S f 42^927 0 n ^ 6 l 4 , 3 8 6 159,397 183,304 290^53 ^A03 x : S 73,488 19^25 8^551 9 9 8 , 7 4 5 179,852 230,170 5 9 , l 6 l 24,635 13,298 84,679 8,315 3 % * 1 ® 5 5 . 8 7 1 653,230 8^892 ^ 1 : 5 1 : % ^ 72,837 39,181 60,844 24,996 153,483 27^77 5J89 72,922 778,846 5 , 1 0 1 28,634 88,451 9,094 10^939 ^ I g l j k j ^ O . Total sold reserves Reserves o t h e r t h a n g o l d 3 , 0 2 7 , 0 6 9 216,865 192,382 17,635 Total reserves non-reserve cash 3.219,451 234,500 1,057,906 204,487 243,468 92,994 78,023 807,480 97,545 56,093 91,059 42,744 75,817 4,283 18,520 4,333 4,364 3,046 5,728 15,o47 3,7i4 2,164 2,682 2,733 • H S s s . " — Total b i l l s discounted B i l l s -bought i n open "market U *Bonds°Vernment s e c a r " Treasury notes C e r t i f i c a t e s and D i l l s 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 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 TOTAL RESOURCES « a s a s a s s s t a a a 5 1 , 5 3 2 85,788 35,540 203,679 4,561—5^71—7,204 9,473 s i s 213,152 9,203 , a a s ; 307,172 12,591 59,903 47,515 27,393 18,588 20,707 17,403 8,849 12,046 15,442 8,138 58,597 34,524 2,338 10,391 3,l6»9 3,097 1,945 3,585 4,122 1,008 634 889 858 2,488 1120,693 368,384 1.061.657 20,133 20,§13 55,467 187,716 140,563 407,513 31,172 36,492 29,550 3 8 , 7 6 l 78,547 103,029 9,649 10,.247 27,236 9 , 5 6 4 40,775 10,127 47,208 26,906 174,227 13,94l 14,274 37,941 17,206 10,248 27,212 11,774 12,432 33,04b 16,801 7,222 19,198 25,270 26^839 71,335 1,850,734 96,713 735,792 139,269 178,282 47,132 46,597 2o2,210 66,156 54,066 57,252 4 3 , ^ 2 1 123,444 " 76,013 §36 67,582 12 806 9,555 1,835 1,764 — 73,583 83 1,170 22,398 3,649 890 — — 52,217 184,529 81 19s 1,271 309 1 6 , 6 2 1 22,293 1,787 4,433 1,220 1,338 5,569 — 2 , 1 9 7 , 9 9 9 111,642 2,749 14,310 439,203 58,169 38,157 229 260 49,839 3,336 1,084 4,036 1,297 — " 8 1 0 , 1 2 2 191,250 208,772 67,665 903 310 290 4,964 533 726 121,637 38,504 41,954 14,817 2,947 7*968 „ 20,070 718 1,450 115 1,043 35,293 3,619 3,048 70,889 283,735 106 403 861 1,605 l l , 2 b 9 51,023 7,828 2,489 1.674 3,890 19 762 18,817 3,46l 1,011 6 , 0 4 5 , 8 5 5 405,173 2 , o 4 g , 9 3 9 443,082 508,992 206,823 1 7 3 , 2 5 5 ^ 6 8 , 7 9 5 201,342 1 3 9 , 8 1 1 195,514 117,830 436,299 HE30UJLC3J3 Ml L I A B I L I T I E S F.B.notes in actual circulation 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 T o t a l de-posits 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 Reserve r a t i o ( p e r c e n t ) 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 T o t a l Boston 2 , 6 9 9 , 7 4 ? 192,722 LIABILITIES OF THE FEDERAL RESERVE BABES ON EOVElvIBER l b , ( i n t h o u s a n d s of d o l l a r s ) ew 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 B-SOlc Minn. Kans.Cy. D a l l a s San F r a n . 57s,5S7 237,714 277,0*45 100,844 9S,54s 671,569 101,282 78,72s 2,399,722 128,156 1,182,761 120,904 139,864 49,729 42,372 383,474 26,036 2,130 6,853 1,590 1,865 1,512 1,932 1,026 4i4 1,387 10,922 383 3,946 1,066 1,045 7S7 348 542 22,445 177 2,037 2,276 10,239 93 2,459,125 131,166 1,203,799 123,737 144,811 53,931 45,229 326,235 431,775 49,220 116,702 3 6 , 1 9 6 41,624 33,990 11,474. 50,935 52,921 16,093 14,217 5,169 4,622 lb,226 151,993 10,256 259,421 20,039 75,077 26,4s6 27,640 11,423 10,449 38,411 1,110 43,794 15,793 2,856 3,655 ,l,4o6 2,873 5,119 6,045,2500 405,173 2,042,939 443,022 508,992 206,823 173,2551,162,795 62.4 57.7 60.1 54.3 76.3 56.6 72.4 59.4 34,954 1932 2,625 il,l46 3,632 3,56s 1,413 1,307 4,734 90,889 39,326 231,593 52,304 39,113 66,369 2,613 1,374 2,045 222 300 362 292 74 1,236 45,342 143,334 290 714 5,027 150,957 22,192 10,504 17,707 3,340 436,299 55.7 1,274 33 62,515 41,013 62,728 21,749 46,944 17,457 1,236 777 1,024 989 21,174 8,996 4,403 2,907 4,057 3 , 2 9 s 10,025 6,356 2,124 7,624 1,343 1,811 1,907 2,521 201,342 139,811 195,514 117,230 59.3 46.8 57.0 49.5 1,222 2,437 FEDERAL RESERVE 1T0TE STATEMENT Federal reserve notes: I s s u e d to F.R.Bank by F.R.Agent 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 . B. 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 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 I.iUnicipal w a r r a n t s 2,925,250 202,280 225,503 15,558 2,699,747 192,722 651,881 251,550 229,245 106,651 115,996 703,502 109,339 81,738 99,069 45,756 262,237 73,294 13,836 12,200 5,207 17,442 31,639 7,457 3,010 2,120 6,430 30,644 572,527 237,714 277,045 100,244 98,542 671,269 101,222 78,728 90,889 39,326 231,593 1,073,224 1,167,945 290,799 423,300 2,955,262 440,724 169,000 57,401 — 667,125 47,010 138,217 12,557 11,400 209,184 To t a l Within 15 days 307,172 222,695 1,061,657 120,249 34,524 5,569 6,186 4,293 72,490 75,210 47,499 50,000 251,799 71,470 106,000 27,352 25,000 289,822 12,920 58,520 19,295 17,000 107,795 13,500 43,000 21,15s 41,000 118,652 261,970 21,315 13,885 337,000 49,200 23,000 17,228 8,679 9,802 42,000 29,600 35,900 708,198 109,394 82,587 MATURITY DISTRIBUTION OF BILLS A1TD SHORT TERM SECURITIES , , , „ 9 1 days to 16 to 30 days 31 to 60 days 6 l to 90 days g monyls 22,430 11,382 1,000 32,571 9,179 124,600 133 19,238 7,771 150,739 143 9,680 12,2o0 90,000 48,200 11,475 57,263 14,946 7,79s 47,084 27,000 14,4oo 70,000 100,426 45,933 264,347 Over 6 months 8,845 1,393 346,269 319,200
@FedFRASER