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STATEMENT FOE TEE PRESS B-SOl Federal Reserve Board October 20, 1932. Released for publication Friday morning, Oct. 21; not e a r l i e r . CONDITION OF FEDERAL RESERVE BAEKS The daily average volume of Federal reserve bank c r e d i t outstanding during the week ending October 19, as reported by the Federal reserve banks, was $2,235i000,000, p r a c t i c a l l y the same as the preceding week and $43,000,000 below the corresponding week in 1931• On October 19 t o t a l reserve bank credit amounted to $2,219»000,000, a decrease of $1^,000,000 f o r the week. Shis decrease corresponds with decreases of $30,000,000 in money in c i r c u l a t i o n and $15,000,000 in unexpended.capital funds, nonmomber deposits, e t c . , and increases of $19,000,000 in monetary gold stock and $30*000,000 in Treasury currency, adjusted, o f f s e t in p a r t by an increase of $80,000,000 in member bank r0serve balances. Holdings of discounted b i l l s decreased $6,000,000 at the Federal Reserve Sank of San Francisco, and $14,000,000 at a l l Federal reserve banks. The System's holdings of Treasury c e r t i f i c a t e s and b i l l s increased $38,000,000 while holdings of United States Treasury notes decreased by the same amount. Changes in the 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 October 19, 1932, were as follows: Increase or decrease since Oct. 19 1932 Oct. 12 1932 Oct. 21 1931 (in millions of d o l l a r s ) Bills Bills U- 3 . Other discounted bought Government s e c u r i t i e s reserve bank c r e d i t 314 34 1,851 -14 + l 21 - l 324 735 + 1, 124 23 2,219 -15 _ —— •— - TOTAL RESERVE BAEK CREDIT Monetary gold stock Treasury currency adjusted 4,227 +19 +30 + 19 110 124 Money in c i r c u l a t i o n Member bank reserve balances Unexpended c a p i t a l funds,nonmember deposits, e t c . 5,621 2,326 393 -30 J -15 + 116 1,893 50 171 Released f o r p u b l i c a t i o n Friday morning, October 21,1932; not e a r l i e r . B-SOla RESOURCES AM) LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBIFED ( i n thousands of d o l l a r s ) Oct. 19,1932 Oct. 12,1932 Oct. 21,1931 RESOURCES Gold with Federal reserve agents . . . Gold redemption fund with U.S.Treasury Gold held exclusively a g a i n s t F.R.not Gold settlement fund with F.R. Board . Gold and gold c e r t i f i c a t e s held by barks Total gold reserves Reserves other than gold Total r e s e r v e s . . . Eon-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 : 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 2,211,864 47,573 2,259,437 304,922 391,246 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 . . . . . . . . . 2,203,558 2,69s 15,900 TOTAL RESOURCES 2,955,605 196,523 2,198,090 47,610 2,245,700 299,056 387,202 2,931,95s 192,073 1,537,885 68,127 1,606,012 339,691 818,414 2,764,117 163,277 2,927,394 3,152,128 80,879 3,124,031 73,476 98,127 215,412 313,539 33,583 103,286 300,064 398,247 327,667 33,27s 698,311 769,066 420,863 420,76s 316,470 22,828 352,086 1,078,050 1,850,999 5,437 224,381 390,57s 1,039,550 1,850,896 5,422 2,217,263 2,69s 15,358 378,192 69,149 387,706 727,004 30,017 45,251 2,224,398 3,760 16,931 483,455 59,382 37,633 5,955,708 5,914,403 5,827,102 2,717,430 2,737,843 2,383,362 2,325,546 27,164 2,245,791 2,275,506 160,910 259,421 42,252 8,177 53,071 2,357,097 364,264 153,040 259,421 42,738 5,955,708 5,914,403 404,398 58,135 38,012 58,134 L I A B I L I T I I 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 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 TOTAL LIABILITIES 10,280 2.8,820 2,391,810 391,777 153,018 . . . 50,058 24,492 46,350 2,507,258 478,116 164,668 274,636 19,062 5,827,102 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 . . . 61.7# 61.3/0 59.9 fo Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 41,766 45,227 68,335 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 19, (in thousands of dollars) Total Boston New York p h i l a . CIeve. Rich. Atlanta Chicago St .Louis Gold with Federal reserve agents 2,211,864 169,42? 603,724 151,500 174,470 72,000 6l,000 647,970 64,4bO Gold redemption fund with U.S.Treasury 4?,573 3,150 5,503 5,470 5,908 2,113 3,325 7,730 1,766 Gold held exclusively against F. R. notes 609,227 156,970 180,378 74,113 64,325 655,700 66,226 2,259,437 172,577 4,446 34,853 9,257 4,66s C-old settlement fund with F .R.Board 304,922 12,351 106,577 12,018 24,201 Gold and gold c e r t i f . held by banks 256,182 391,246 17,533 7,329 19,395 8,150 8,818 25,683 5,954 Total gold reserves 2,955,605 202,461 971,986 176,317 223,974 86,931 77,589 766,241 81,437 196,523 13,209 5,072 28,495 8,191 57,267 28,127 16,295 Reserves other than gold 8,399 RESOURCES Total reserves Non-reserve cash B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted 3,152,12s 220,670 80,879 98,127 215,412 1,029,253 204,444 240,269 95,330 21,944 4,432 3,440 5,479 4,905 3,777 8,844 313,539 12,621 30,606 13,100 12,764 29,693 35,735 17,539 60 , 299 48,835 30,303 10,277 3,116 3,232 2,808 Total b i l l s and s e c u r i t i e s Due from foreign banks F . R. notes of other banks Uncollected items Bank premises All other resources 2,203,55s 136,201 2,698 212 788,301 192,658 211,701 269 287 987 4,491 615 852 106,980 33,919 37,656 14,817 2,915 7,968 19,786 741 1,226 bS,44l 106 1,35% 34,094 TOTAL RESOURCES 15,900 404,398 58,135 38,012 80,774 279 47,412 3,336 1,361 188,228 133,454 392,110 31,173 28,408 36,492 37,261 79,688 104,529 4,295 4,648 10,979 8,943 13,941 40,776 47,133 20,105 3,617 3,087 2,297 1,060 2,15s 9,585 713,792 139,269 178,282 1,322 3,933 352,086 3,852 51,491 3,893 3,652 9,649 9,851 27,633 1,850,999 121,227 —— 5,437 420,863 20,348 7,496 14,986 17,737 19,895 2,477 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 2,353 4o,l43 5,455 16,343 19,151 2,157 1,078,050 33,583 B-SOlb Minn. Kans. Cy. Dallas San Fran. 37,835 58,480 21,735 149,263 2,308 2,415 1,253 6,632 22,988 155,895 6,727 21,729 4,201 22,965 82,613 33,916 200,649 5,242 7,318 10,015 60,895 10,53% 11,184 82,661 794,736 89,628 55,384 87,855 41,234 210,664 5,827 12,294 18,121 4,149 Total b i l l s discounted B i l l s bought 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 1932 1,009 2,992 3,075 8,222 911 15,368 720 9,051 20,101 37,181 12,039 16,279 9,771 634 895 865 57,282 2,419 17,3^0 11,776 11,951 33,525 lb,287 6,421 18,013 25,2o8 25,800 72,376 57,252 40,721 123,444 9,731 45,532 13,722 9,850 27,299 176,002 38,493 27,608 46,615 262,310 66,156 54,798 182 —— — —— 68,987 284,580 76,108 67,653 74,426 51,357 183,145 184 11 75 17 77 374 99 2,183 387 716 788 1,337 803 2,095 11,009 46,754 17,-624 9,507 22,436 14,578 22,429 3,649 1,787 4,433 7,828 3,461 2,489 1,835 1,286 888 1,298 1,619 1,897 3,768 1,055 5,955,708 414,950 1,986,559 440,484 504,373 209,469 175,2711,153,250 192,333 139,022 193,660 113,779 432,558 RESOURCES AHD L I A B I L I T I E S Total LTABILITIES OF THE FEDERAL RESERVE BANKS OH OCTOBER 19, 1932 Boston F.R.notes in actual c i r c u l a t i o n 2,717,430 195,502 Deposits: Member b a n k - r e s e r v e a c c o u n t Government Foreign bank Other deposits 2,325,546 133,826 2,685 27,164 628 10,280 244 28,820 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 Reserve r a t i o (per cent) 391,777 153,018 259,421 42,252 5,95c9, 108 61.7 414,950 65.7 41,766 3,399 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 for f o r e i g n correspondents 2,391,810 137,323 46,954 10,870 20,039 1,202 Federal reserve notes: 2,957,817 220,197 Issued to F.R.Bank by F.R.Agent 240,387 21,695 Held by Federal reserve bank 2,717,430 193,502 In actual circulation Collateral held by agent as security for notes issued to banks 1,068,749 47,010 Gold and gold c e r t i f i c a t e s 1,143,115 122,417 Gold fund - F . R . Board 297,791 12,532 Eligible paper 464,500 '33,300 U.S.Gov't, s e c u r i t i e s 2,974,155 220,259 ' Total c o l l a t e r a l B i l l s discounted B i l l s bought i n open market C e r t i f i c a t e s and b i l l s Municipal warrants w_g 0 l c "S • ':•! '7 i If i 3313 llflilSIIil 16,095 182 2,222 2,621 500 f r F 11,625 661, 620 Total Within 15 days 223,281 313,539 6,105 33,533 55,000 ,078,050 4,790 5,437 7 4,517 1,739 1,654 5,992 FEDERAL RESERVE NOTE STATEMENT 1,565 1k*° 984 1,297 *'M =0,236 91,154 V 1,252 3,086 ™ :" f ti£ 111 illtlilljlliilipi %•?& 439, 164, 57, 4,606 2 ^ W ? 103 37,834 232,152 253,211 2S9,7'42 109,034 120,385 712,905 109,273 83,802 104,549 43,594 2=5,781 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to 6 months 16 to 30 days 31 to 60 days 6l to 90 days 6,657 25,165 36,222 21,253 4,118 7,405 15,955 237,157 109,100 120,249 125,450 425 ~ 222 Over 6 m o n t h s 961 431,088
@FedFRASER