STATE! SIFT FOE THE PRESS

R e l e a s e d f o r p u b l i c a t i o n Fr iday morning, Aug. 26;

not e a r l i e r .

B-S01 Federa l Reserve Board

August 25, 1932.

CONDITIO" OF FEDERAL RESERVE BA1TES

The d a i l y n.verage volume of Federal r e s e r v e "bank c r e d i t ou t s t and ing during the veek ending August 24, as reported, "by the Federa l r e s e r v e Dailies, was $2,336,000,000, a decrease of $16,000,000 compared with the p reced ing week and an i n c r e a s e of $ l , l o l , 0 0 0 , 0 0 0 compared with the corresponding week of 1931.

On August 24, t o t a l r e s e r v e "bank c r e d i t amounted to $2,321,000,000, a decrease of $23,000,000 f o r the week. This decrease corresponds with decreases of $22,000,000 i n money in c i r c u l a t i o n and $14,000,000 in unexpended ca;oi tal nonds, nonmember d e p o s i t s , e t c . , and i n c r e a s e s of $18,000,000 in monetary gold s tock and $31,000,000 in Treasury currency, a d j u s t e d , o f f s e t in p a r t "by an i n c r e a s e of $62,000,000 in member bank r e s e r v e b a l a n c e s .

Holdings of d i scounted b i l l s decreased Ab,000,0^0 a t the Federa l Reserve Banx of San F ranc i sco , $3,000,000 a t Cleveland.and $16,000,000 at a l l Federa l r e se rve banks . The System's ho ld ings of b i l l s bought i n open market dec l ined $1,000,000 and of Treasury c e r t i f i c a t e s a id b i l l s ^12,000,000, while ho ld ings of United S ta t e s Treasury no tes i nc r ea sed $12,010,000.

Changes in the amount of r e s e r v e bank c r e d i t ou t s t and ing and in r e l a t e d items dur ing the week and the year ending August 24, 1932, were as fo l lows :

Inc rease or decrease

s i n c e

Aug. 24 Aug. 17 Aug. 26 1932 1932 1931

( i n m i l l i o n s of d o l l a r s )

B i l l s d i scounted B i l l s bought U. S. Government 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

TOTAL RESERVE BAHC CREDIT Monetary gold s tock Treasury currency a d j u s t e d

Money in c i r c u l a t i o n Member bank r e s e r v e ba lances Unexpended c a p i t a l funds,nomnember d e p o s i t s , e t c ,

427 35

1 , 5 5 1

2 , 3 2 1 4 , 0 6 4 1 , 8 1 9

5 , 6 ^ 4 2,142

37S

__ 16 + 185 — 1 i 4 6

- +1,123 - 6 4 l

23 +1,122 4- 12 - 92S 4- 31 + 99

22 + 690 4- 62 - 200

14 - 197

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released f o r p u b l i c a t i o n Friday morning, August 26,193'-? n o t e a r l i e r . B-SOla

RESOURCES AKD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBIHED

( In thousands of d o l l a r s )

Aug. 24 ,1932 Aug. 17 ,1932 Aug. 26, 19)1

R E S O U R C E S

Gold r a t h Federa l r e se rve agen t s . . . . Gold redemption f'ond with U.S.Treasury .

Gold he ld exc lus ive ly aga ins t F .R.notes Gold se t t lement fund v/ith F . R. Board . Gold and gold c e r t i f i c a t e s he ld "by banks

Tota l gold r e se rves . Reserves o ther than gold . . .

Total r e s e r v e s . . . . TTon-reserve cash B i l l s d iscounted:

Sec. "by U.S. Government o b l i g a t i o n s Other b i l l s d iscounted . . .

Total b i l l s d iscounted . . B i l l s bought in open market . . . . U. S, Government s e c u r i t i e s :

Bonds Treasury no tes 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

To ta 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. no tes of other banks . . Uncollected i tems Bank premises All other r e sources

TOTAL RESOURCES .

L I A B I L I T I E S

F. R. no tes in a c t u a l c i r c u l a t i o n . . . . Deposi ts :

Member bank - r e se rve account Government Foreign bank Other d e p o s i t s

Tota l depos i t s Deferred a v a i l a b i l i t y i tems Capi ta l pa id in Surplus Al l other l i a b i l i t i e s

TOTAL LIABILITIES

Ratio of t o t a l r e se rves to depos i t and F . R. note l i a b i l i t i e s combined . . .

Contingent l i a b i l i t y on b i l l s purchased fo r f o r e i g n correspondents

2 , 0 7 7 , 1 9 2 5 8 , g 6 l

2 , 1 3 b , 0 5 3 23b,79S 180 ,542

2 , 7 5 3 , 3 9 3 206,016

2 , 9 5 9 , 4 0 9 78 ,097

154 ,186 272 ,518 426,70U

35.433

4 2 0 , 8 6 5 3 8 0 , 7 2 1

l.o4q,U75 1,351,061

6 ,051

2 , 3 1 9 , 2 4 9 2,668

15,016 293 ,84l

58 ,121 4 6 , 0 5 0

2 , i 4 i , 7 0 l 2 9 , 5 1 2 12 , 057 19,265

2,202,535 294 ,679 153 ,339 259 ,421

3 7 , 6 7 2

58 .s

55,009

2 , 0 4 6 , 9 9 2 61,476

2 . 1 0 S , 4 6 s 261,792 357 ,197

2 , 7 2 7 , 4 5 7 202,259

2,929,716 70 ,818

161 ,837 281,023 442 ,860

3 5 , 8 9 0

4 2 0 , 8 1 5 369 ,084

1,061,147 1 , 8 5 1 , 0 4 6

6,019 2 , 3 3 5 , 8 1 5

2,667 1 4 , 7 6 4

345 ,865 58,121 45,22s

2,079,658 4 8 , 5 0 3 10 ,418 3 5 , 2 4 i

2,173,820 340,799 153,430 259,421 36,752

5 8 . 4 ^

60,254

2,152,013 29,889

2,181,902 441 ,211 862,433

3 , 4 8 5 , 5 4 6 172,213

3 , 6 5 7 , 7 5 9 7 2 , m

9 8 , 7 8 2 142,936 241,718 180,518

291,977 32,297

403 ,724 727,998

6 ,402

1,156,636 38 ,378 16,010

407 ,424 59,083 33 ,462

5,772,451 5,802 ,994 5 ,440,863

2,824,805 2,838,772 1,945,507

2,341,99s 82 ,6o4

182,921 26,812

2 , 6 3 4 , 3 3 5 403 ,634 167 ,194 274,636

15,557

5,772,451 5,802,994 5,440,863

79.9/5

229,970

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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 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

T o t a l g o l d r e s e r v e s R e s e r v e s o t h e r than g o l d

T o t a l r e s e r v e s F o n - r e s e r v e c a s h B i l l s d i s c o u n t e d :

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 O t h e r b i l l s d i s c o u n t e d

T o t a l b i l l s d i s c o u n t e d 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 T r e a s u r y n o t e s 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 . Govt , s e c u r i t i e s

O t h e r 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 rom 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 U n c o l l e c t e d i t e m s Bank p r e m i s e s A l l o t h e r r e s o u r c e s

RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BASKS 01T AUGUST 24, 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 Bos ton "Tew 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. Kans .Cy . D a l l a s San F r a n , 2,077,192 163,227 503,677 150,400 188,970 69,700 56,000 614,945 62,110 36,835 59,680 23,385 148,263

58,861 3 , 1 4 1 12 ,710 6,375 6,247, 2,594 3 , 8 2 0 8 , 7 1 9 2 . 028 2,194 2,654 1.098 7 . 2 7 1

2,136,053 166,36s 516 ,337 156 ,775 195 ,217 72 ,294 59 , 820 623 , 664 64 ,133 39,029 62 ,344 24 ,483 155 , 534 236,79s 10,941 30 ,340 1,015 23 ,357 1 0 , 3 5 4 6,223 55,434 7,26s 6 , 8 2 3 10 ,581 6,592 17,770 380 ,542 16,525 241,093 9 , 1 9 9 18 ,248 7 , 3 9 1 8 , 4 5 1 28 ,921 5 , 9 7 0 3,436 10 ,751 3,923 26,634

2 , 7 5 3 , 3 9 3 193 ,334 837,820 166,989 236 ,322 90,039 74 ,494 708,019 77 ,376 4 9 , 2 8 3 83 ,776 34,99s 199 , 933 206,016 19,171 56,549 34 ,453 19,061 8,673 5 ,545 25 ,748 9 , 4 o 4 4 , 0 7 0 6,062 7 ,536 9,694

2 , 9 5 9 , 4 0 9 213,005 394,369 201 ,442 255 ,833 9 3 , 7 1 2 80,039 733,767 86 ,780 53 ,35S 39 ,333 4 2 , 5 8 4 209,632 73 ,097 5,455 20,057 4 ,529 4 , 2 1 0 3 , 9 9 0 5,64s 13,50s 4 , 2 3 6 2 , 3 1 6 2 ,341 3 ,475 3,332

154 ,186 8,032 55 ,267 19 ,599 14,052 4 , 4 6 9 4 ,935 9 , 4 4 2 6 ,253 1,201 1 ,457 2 ,527 26,952 272,51s 10,167 35 ,655 4 1 , 3 3 3 13 ,589 22,122 27 .422 21 .492 4 . 9 9 3 12 .389 IS .365 13 .296 45,639 4 2 6 , 7 0 4 i s , 1 9 9 9 0 , 9 2 2 61,437 3 2 , 5 4 1 26,591 32,357 3 0 , 9 3 4 11 ,246 1 3 , 5 9 0 20,323 15 ,523 72,591

35 ,433 2 ,343 1 1 , 3 7 2 3 , 2 5 3 3,102 2,766 1 , 3 0 1 4 , 5 2 5 1 ,023 631 391 ::vi 3,239

420 ,365 20 ,350 190 ,273 31 ,229 3 6 , 4 9 3 9 , 6 4 s 9 , 5 9 4 40 ,775 13 .933 17 ,277 11 ,777 14 ,242 25,269 380 ,721 21 ,337 145 ,773 30 ,360 40 ,479 10,701 10,622 49,126 14 ,908 10 ,695 12 ,953 4,705 28 ,027

1 , 0 4 9 , 4 7 5 7 9 , 0 4 i 375 ,241 77 ,236 101,310 2 5 . 7 : 4 26.459 134.909 37,310 26.75b 32 .507 11 .774 70 .148

1,851,061 121,228 711,292 139,325 178,282 47,133 46,675 274,810 66,156 54,728 57,267 30,721 123,444 6,051 - 4,31s 1,603 - - - - 130 -

2,319,249 141,770 2,66s 211

15,016 329 293,341 33,430

p3 ,121 3 , 3 3 6 4b,050 1,427

317 ,904 205,668 214,025 960 287 269

910 3 , 8 5 0 79,666 14 ,317 27 ,240

287 354

26,544 29,23s 2 , 9 0 1 7 , 9 6 3

733 1 ,237

76 ,490 50 ,333 310 ,370 78, 430 69, 079 73 ,431 47 ,425 199 ,274 i c 6 93 373 IS 11 77

.487 74 i s 4

977 762 1 ,787 1, 290 734 1 77

.487 234 2,302 22,219 7 ,390 34 ,779 11, 375 7 , 282 15 ,397 10,127 15,394 3 ,617 2 ,489 7 , 8 2 8 3 , 4 •Si 1, 335 3 ,649 1 ,757 4 , 4 3 3 3 , 2 6 s 3 ,748 2 , 5 1 5 l , 166 1, 502 375 1,299 935

TOTAL RESOURCES 5,772,451 393 ,963 1,353,863 4 4 2 , 4 6 3 5 1 3 , 7 4 0 209,379 ISO,5073404,927 187,256 136,217 192 ,145 107,005 440r9So

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

L I A B I L I T I E S

J . B . n o t e s i n a c t u a l c i r c u l a t i o n D e p o s i t s :

Member "bank - r e s e r v e account Government F o r e i g n bank Other d e p o s i t s

T o t a l d e p o s i t s D e f e r r e d a v a i l a b i l i t y i t e m s C a p i t a l p a i d i n Surplus A l l o t h e r l i a b i l i t i e s

TOTAL LIABILITIES Reserve r a t i o (per c e n t ) Cont ingent 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 c o r r e s p o n d e n t s

F e d e r a l r e s e r v e n o t e s : 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 baa Gold and g o l d c e r t i f i c a t e s Gold fund - 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

Tota l c o l l a t e r a l

RESOURCES AH) LIABILITIES OF THE FEDERAL RESERVE BAMS OH AUC-UST 24, ( I n thousands of d o l l a r s )

Hew York P h i l a . C l e v e . R ich . A t l a n t a Chicago S t . L o u i s 5 3 9 , 3 4 3 252 ,555 291,436 1 1 1 , 5 5 7 108 ,535 713,284 1 0 0 , 4 8 2

Total Boston 2 , 8 2 4 , 8 0 5 200 ,311

2,i4i,70i 130,388 29,512 1,620 12,057 821 1 9 , 2 6 5 224

1,027,912 117,007 142,704 52,085 6,563 1,609 2,034 2,758 4,778' 1,112 1,091 432 7,2oG 57 2,275 2 , 5 2 4

42,314 289,716 52,806 2 , 8 8 7 3 , 1 2 5 3 , 0 9 3

400 1,447 378 366 321 840

1932 B-801c

Minn. Kans.Cy. Dal las San Fran, 79,312 94,820 37,513 245,627

37,226 66,914 42,405 140,224 1,123 1,705 1 , 7 9 3 1,202

238 313 302 745 320 232 71 4,747

2,202,535 133 ,053 1,046,541 119,755 148,104 294,679 33,664 77,472 25,i4i 29,134 1 5 3 , 3 3 9 10,911 5 9 , 1 7 2 16,145 14,221 259,421 20,039 7 5 , 0 7 7 26,486 27,640 37,672 985 11,258 2,321 3,205

5 7 , 7 9 9 2 1 , 7 9 9

5 , 1 7 0 1 1 , 4 8 3

1 , 5 7 1

45,967 294,609 5 7 , 1 1 7 3 8 , 9 0 7 69,164 7 , 9 3 1 3 4 , 9 9 1 1 3 , 8 7 4 7 , 0 5 5 1 5 , 1 5 6 4,861 16,966 4,456 2,920 4,068

10,449 38,411 10,025 6,356 8,124 2,764 6,666 1,302 1,667 813

4 4 , 5 7 1 1 4 6 , 9 1 8 11,094 17,368 3,912 10,537 7 , 6 2 4 1 7 , 7 0 7 2,291 2,829

5,772,451 398,963 1,858,863 442,463 513,7^0 209,379 180,5071104,927 187,256 136,217 192,145 107,005 44o,986 5 3 . 4 58. M

55,009

63.9

4 , 1 8 2

5 4 . 7

1 7 , 9 2 3

5 4 . 1

5,667

58.2 58 .3 51.8

5,557 2,201 2,036 FEDERAL RESERVE HOTE STATEMENT

72.8 55.1

7 , 3 7 3 1 , 9 2 6

4 5 . 1

1,210

54.;

1 , 5 9 6

5 1 . 9

i , 5 4 l 3 , 7 9 7

3 , 0 7 1 , 4 4 9 221 ,555 2 4 6 , 6 4 4 2 1 , 2 4 4

2,824,805 200,311

1 , 0 3 9 , 9 2 7 4 7 , 0 1 0 1,037,265 116,217

4 1 1 , 3 5 8 18 ,083 5 9 4 , 8 0 0 4 o , 6 o o

662,763 266,296 304,910 116,53s 127,539 749,485 108,870 7 3 , 4 2 0 1 3 , 7 1 1 1 3 , 4 7 4 4 , 9 8 1 1 9 , 0 0 4 3$,201

8 1 , 9 9 8 1 0 3 , 9 3 1 8 , 3 8 8 2,686 9 , 1 1 1

43,027 284,537 5,514 38,910

5 8 9 , 3 4 3 252.5S5 291,436 1 1 1 , 5 5 7 108,535 713,284 100,482 79,312 94,820 37,513 245,627

4 3 1 , 6 7 7 72,000 88,506 72,000

76,320 7 1 , 9 7 0 7 4 , 0 8 0 1 1 7 , 0 0 0 60,965 3 2 , 5 9 1 55,000 85,000

12,920 13,500 249,945 20,810 12,635 9,880 12,260 81,000 56,780 42,500 365,000 41,300 24,200 49,800 11,125 67,263 28 ,093 31,119 30 ,889 1 0 , 5 3 5 1 2 , 7 8 0 20,25s 1 5 , 7 9 8 61,741 1 9 , 0 0 0 41,000 108,000 36,300 32,900 26,000 4,000 75,000

3 , 0 8 3 , 3 5 0 221,910 664,183 266,365 306,561 116,793 128,119 753,834 108,945 82,515 105,938 43,183 285,004 MATURITY DISTRIBUTION OF BILLS AHD SHORT TERM SECURITIES

T o t a l -Within 1^ days l 6 to 30 days 31 to 60 days

B i l l s d i s c o u n t e d 4 2 6 , 7 0 4 295,875 3 2 , 7 9 7 B i l l s bought i n open market 3 5 , 4 3 3 8,111 8,529 C e r t i f i c a t e s and b i l l s 1 , 0 4 9 , 4 7 5 6 5 , 4 4 l 179 ,425 Munic ipal warrants 6 , 0 5 1 5 , 6 8 4 I 3 7

51,812 8 , 4 4 7

217,690 35

6 l to 90 days

34 ,461 10 ,346

112,100

91 days tc 6 months

1 1 , 2 4 2

73 ,025 19$

Over 6 months

517

4 0 1 , 7 9 4

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis