View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

EIGHTEENTH ANNUAL REPORT
OF THE

FEDERAL RESERVE
BOARD
COVERING OPERATIONS

FOR THE YEAR 1931

UNITED

STATES

GOVERNMENT PRINTING

OFFICE

W A S H I N G T O N : 1932

Digitized for oFRASERt h e S u p e r i n t e n d e n t o f D o c u m e n t s , W a s h i n g t o n , D . C . - - - F r sale b y


- - -

P r i c e 20 c e n t s

THE FEDERAL RESERVE BOARD
DECEMBER 31, 1931

EX OFFICIO MEMBERS
A. W. MELLON,

Secretary of the Treasury, Chairman.
J. W. POLE,

Comptroller of the Currency.

FLOYD R. HARRISON,

Assistant to the Governor.
CHESTER MORRILL, Secretary.
E. M. MCCLELLAND,

Assistant Secretary.
J. C. NOELL, Assistant Secretary.
W. M. IMLAY, Fiscal Agent.

EUGENE MEYER, Governor.
CHARLES S. HAMLIN.
ADOLPH C. MILLER.
GEORGE R. JAMES.
WAYLAND W. MAGEE.

WALTER WYATT, General CoiTnsel.
E . A. GOLDENWEISER,

Director, Division of Research and
Statistics.
CARL E. PARRY,

Assistant Director, Division of Research and Statistics.
E. L. SMEAD,

Chief, Division of Examinations.
II




Chief, Division of Bank Operationsi

CONTENTS
TEXT OF REPORT
Page
2
4
5
6
7
8
10
12

Reserve bank credit
Member and nonmember bank credit
Money rates
Credit policy of the Federal reserve banks
Excess reserves of member banks
Composition of reserve bank credit
International gold movements
Credit agreements with foreign central banks

Earnings, expenses, and volume of work of Federal reserve banks
Building operations of Federal reserve banks
Branches and agencies of Fed eral reserve banks
Changes in membership
Bank examinations
Bank suspensions
Bank consolidations
Banks on par list
Trust activities of national banks
Change in board's regulations
Administration of the Clayton Antitrust Act
Meetings of the Federal Advisory Council
Conferences held by the Federal Reserve Board
Board's organization, staff, and expenditures

13
16
16
17
18
18
20
21
21
22
22
22
22
22

TABLES
FEDERAL RESERVE BANK CREDIT
RESERVE BANK CREDIT AND FACTORS IN CHANGES:

No.
No.
No.
No.
No.

1.
2.
3.
4.
5.

Annual averages, 1918-1931
Monthly averages, 1917-1931
Weekly averages
By weeks (Wednesday series), 1927-1931
End of month series, 1927-1931

27
28-30
31
32-36
37

RESERVE BANK CREDIT:

No. 6. Reserve bank credit outstanding, annual averages, 1915-1931.
38
No. 7. Reserve bank credit outstanding, by months, 1923-1931
38-39
No. 8. Deposits, reserves, note circulation, and reserve percentages
of Federal reserve banks, by months, 1927-1931
40
No. 9. Principal resources and liabilities of Federal reserve banks,
by weeks
41
No. 10. Resources and liabilities of Federal reserve banks, in detail,
December 31, 1931.
42-43
No. 11. Resources and liabilities of Federal reserve banks (in detail)
at the end of each month
44-45




in

IV

CONTENTS

RESERVE BANK CREDIT—Continued.

Page

No. 12. Condition of each Federal reserve bank at end of 1930 and
1931
46-47
No. 13. Number of member banks discounting paper at Federal
reserve banks, by months, 1914-1931
48
No. 14. Bills discounted by Federal reserve banks—Holdings a t the
end of each month, by classes
49
No. 15. Bills bought by Federal reserve banks—Holdings at the end
of each month, by classes
49
No. 16. Holdings of bills discounted and bills bought by Federal
reserve banks, by maturities
50
No. 17. Holdings of United States Government securities by Federal
reserve banks at the end of each year, 1927-1931, by
classes
51
No. 18. Holdings by Federal reserve banks of United States Government securities in system investment account, under resale
agreement, etc. (average basis), 1930-1931
52
No. 19. Holdings by Federal reserve banks of United States Government securities in system investment account, under resale agreement, etc. (Wednesday basis)
53
No. 20. Holdings by Federal reserve banks of one-day certificates
of indebtedness issued by the United States Treasury,
1924-1931
54
VOLUME OF OPERATIONS OP FEDERAL RESERVE BANKS:

No. 21. Volume of operations in principal departments, 1927-1931--

55

GOLD SETTLEMENT F U N D :

No. 22. Summary of transactions through the fund, 1924-1931

56

FEDERAL RESERVE AGENTS' F U N D :

No. 23. Summary of transactions through the fund, 1924-1931

56

MEMBERSHIP IN P A R COLLECTION SYSTEM:

No. 24. Number of banks on par list and not on par list, 1924-1931-_

57

FEDERAL RESERVE BANK PREMISES:

No. 25. Cost of premises of Federal reserve banks and branches to
December 31, 1931

58

EARNINGS AND E X P E N S E S OF FEDERAL RESERVE BANKS:

No. 26. Gross and net earnings and disposition made of net earnings, 1914-1931
No. 27. Earnings, by sources, 1914-1931

59
59

FEDERAL RESERVE N O T E S :

No. 28. Federal reserve agents* accounts at the end of each m o n t h . -

60

GOLD STOCK, GOLD MOVEMENTS, AND MONEY IN
CIRCULATION
GOLD:

No. 29. Monetary gold stock of the United States, by months, 19141931
63
No. 30. Analysis of changes in monetary gold stock, by months, 19141931
64-66
No. 31. Gold earmarked by Federal reserve banks for foreign account, by months, 1916-1931
67
No. 32. Gold imports and exports, by countries, 1928-1931
67
No. 33. Gold imports and exports, by months, 1922-1931
68
MONEY IN CIRCULATION:

No. 34. United States money in circulation, by months, 1914-1931 -_
No. 35.
 Kinds of money in circulation, by months, 1929-1931


69
70

CONTENTS

V

DISCOUNT RATES AND MONEY RATES
DISCOUNT RATES AND MONEY RATES:

Page

No. 36. Federal reserve bank discount rates on all classes and maturities of discounted bills—Changes from January 1, 1922, to
December 31, 1931
73-75
No. 37. Federal reserve bank buying rates on acceptances—Changes
from January 1, 1922, to December 31, 1931
76-77
No. 38. Average rates earned by Federal reserve banks on bills and
securities, 1918-1931
78
No. 39. Open-market rates in New York City, by months, 1927-1931.
79
No. 40. Open-market rates in New York City, by weeks
80
No. 41. Money rates in New York City—Prevailing rates charged
customers, by months, 1927-1931
81
No. 42. Rates charged customers by banks in principal cities
(weighted averages), 1919-1931
82
FOREIGN RATES:

No. 43. Discount rates at central banks in foreign countries—Changes
from January 1, 1928, to December 31, 1931
No, 44. Open-market rates in foreign countries, by months, 19271931
1

83
84

MEMBER AND NONMEMBER BANK CREDIT
ALL BANKS IN THE UNITED STATES:

No. 45. Loans and investments of member and nonmember banks,
1914-1931
No. 46. Deposits of member and nonmember banks (exclusive of
interbank deposits), 1914-1931

87
88

ALL MEMBER BANKS:

No. 47. Resources and liabilities of national and State bank members.
89
No. 48. Resources and liabilities of reserve city and country banks__
90
No. 49. Deposits subject to reserve, reserves required, reserves held,
and borrowings at Federal reserve banks, by months
91-93
No. 50. Holdings of eligible assets (United States Government securities and eligible paper) compared with borrowings at
Federal reserve banks, 1926-1931
94
No. 51. Classification of demand and time deposits on call dates,
1928-1931
95
No. 52. Principal resources and liabilities on call dates, 1914-1931-. 96-97
No. 53. Classification of member bank loans and investments on call
dates, 1928-1931
98-99
No. 54. Reserve balances, by months, 1920-1931
100
No. 55. Borrowings at Federal reserve banks, by months, 1914-1931100
MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE
CITIES:

No. 56. ^Deposits subject to reserve, reserves required, reserves held,
and borrowings at Federal reserve banks, by weeks, 19291931
101-109
REPORTING MEMBER BANKS IN LEADING CITIES:

No. 57. Loans, investments, deposits, reserves, and borrowings at
Federal reserve banks, by months, 1920-1931
110-111
No. 58. Principal resources and liabilities, by weeks
112-113
No. 59. New Y^ork City banks—Principal resources and liabilities, by
weeks
114-115



VI

CONTENTS

REPORTING MEMBER BANKS IN LEADING CITIES—Continued.

Page

No. 60. Banks outside New York City—Principal resources and
liabilities, by weeks
116-117
No. 61. Bankers' balances, by weeks: Total, New York City, other
leading cities
„
118
BROKERS' LOANS:
No. 62. Loans to brokers and dealers, secured by stocks and bonds,
made by reporting member banks in New York City, by
weeks
.
119
No. 63. Brokers' borrowings, 1927-1931, as reported by New York
Stock Exchange
120
No. 64. Member bank loans to brokers in New York City,
1928-1931..
.
'.. 121
No. 65. Member bank loans to brokers outside New York City,
1928-1931
„_. 121
BANKERS' ACCEPTANCES AND COMMERCIAL PAPER OUTSTANDING:

No.
No.
No.
No.

66.
67.
68.
69.

Bankers' acceptances and commercial paper outstanding .
Bankers' acceptances outstanding, by classes
Bankers' acceptances held by accepting banks, 1925-1931. _
Purchased acceptances held by member banks on call dates,
1928-1931
No. 70. Distribution of bankers' acceptances outstanding, by months-

122
122
123
123
123

BANE: DEBITS:

No. 71. Debits to individual accounts by banks in 141 principal
cities, by months, 1922-1931
_

124

BANK SUSPENSIONS:

No. 72. Banks suspended and reopened, by years, 1921-1931
No. 73. Bank suspensions, by months, 1927-1931.
No. 74. Bank suspensions: Number, classified according to capital
stock, 1921-1931
...
No. 75. Bank suspensions: By size of town or city, 1921-1931

125
126
127
127

CHANGES IN MEMBERSHIP IN THE FEDERAL RESERVE SYSTEM:

No. 76. Changes, by class of member, 1930 and 1931

128

EARNINGS, EXPENSES, AND DIVIDENDS OF MEMBER BANKS, 1923-1931:

No. 77. Earning assets, capital funds, and profits
„
No. 78. Ratios of earnings, expenses, etc., to average earning assets.
No. 79. Earnings, expenses, and dividends._,

129
130
131

BANKING CONDITIONS IN FEDERAL RESERVE DISTRICTS
AND STATES
CONDITION OF EACH FEDERAL RESERVE BANK:

No. 80. Bills discounted for member banks—Holdings, by months,

1927-1931

_-

135

No. 81. Discounted bills—Holdings on December 31, 1931, by
classes
136
No. 82. Discounted bills—Holdings on December 31, 1931, by
maturities
136
No. 83. Principal resources and liabilities, by weeks
137-148
VOLUME OF OPERATIONS OF EACH FEDERAL RESERVE BANK:

No. 84. In principal departments
No. 85. In branches

.

__„
_«_

149
150

GOLD SETTLEMENT FUND:

No. 86. Summary of transactions through the fund, by districts



151

CONTENTS

VII

FEDERAL RESERVE AGENTS' GOLD F U N D :

Page

No. 87. Summary of transactions through the fund, by districts

151

MEMBERSHIP IN P A R COLLECTION SYSTEM:

No. 88. Number of banks on par list and not on par list, by districts
__-_..
—
152
No. 89. Number of bankB on par list and not on par list, by States,
December 31, 1930 and 1931..
153
EARNINGS AND E X P E N S E S OF EACH FEDERAL RESERVE BANK:

No. 90. Total earnings, current expenses, and net earnings, and disposition made of net earnings, 1914-1931
154-155
No. 91. Earnings and expenses in detail
156-157
CONDITION OF ALL BANKS IN EACH DISTRICT, 1925-1931:

No.
No.
No.
No.

92.
93.
94.
95.

Total loans and investments
Total l o a n s . . - .
Investments
Deposits (exclusive of interbank deposits)

,. .

158
159
160
161

CONDITION OF A L L BANKS, BY STATES, 1927-1931:

No. 96. Total loans and investments™
No. 97. Total loans
No. 98. Investments

.

.

162
163
164

CONDITION OF ALL MEMBER BANKS IN EACH DISTRICT:

No. 99. Net demand and time deposits, by months
165
No. 100. Reserve balances, by months, 1928-1931___166
No. 101. Borrowings a t Federal reserve banks, by months, 1930 and
1931
.
167
No. 102. Number of member banks discounting paper a t Federal
reserve banks, 1924-1931
167
No. 103. Principal resources and liabilities, on call dates
168-169
No. 104. Classification of loans and investments on call dates
170-173
CONDITION OF A L L MEMBER BANKS, BY STATES:

No.
No.
No.
No.
No.
No.
No.

105. Total loans and investments, 1929-1931
108. Total loans, 1929-1931
107. Loans to customers (exclusive of banks), 1929-1931
108. Open-market loans, 1929-1931
109. Investments, 1929-1931
110. Borrowings a t Federal reserve banks, by States, 1931
111. Number of member banks discounting paper a t Federal
reserve banks, 1924-1931
— ——

174
175
176
177
178
179
180

CONDITION OF REPORTING MEMBER BANKS IN EACH DISTRICT:

No.
No.
No.
No.
No.
No.
No.
No.
No.

112. Total loans and investments, by weeks
„
.
113. Total loans, by weeks
„
114. Loans on securities, by weeks
115. All other loans, by weeks
„
.,
116. Investments, by weeks
...
117. Net demand deposits, by weeks.
118. Time deposits, by weeks
119. Reserve balances, by weeks
120. Borrowings at Federal reserve banks, by weeks

.

.

181
182
183
184
185
186
187
188
189

BANKERS' BALANCES OF REPORTING MEMBER BANKS, BY DISTRICTS:

No. 121. Amounts due to banks, 1930 and 1931, by months.
No. 122. Amounts due from banks, 1930 and 1931, by months

190
190

BANK SUSPENSIONS:

No. 123. Banks suspended and reopened, by districts
No. 124. Banks suspended and reopened, by States



.

191
192

VIII

CONTENTS
Page

EARNINGS, EXPENSES, AND DIVIDENDS OP MEMBER BANKS, 1927-1931:

No. 125. All member banks, by districts
No. 126. National banks, by districts
.
No. 127. State member banks, by districts-

193
194
195

BUSINESS CONDITIONS
CAPITAL ISSUES AND SECURITY PRICES:

No. 128. Capital issues, 1919-1931
No. 129. Security prices, 1919-1931

.

199
200

INDEX NUMBERS OP PRODUCTION, EMPLOYMENT, TRADE, AND PRICES:

No.
No.
No.
No.
No.
No.

130.
131.
132.
133.
134.
135.

Production, employment, and trade, 1919-1931
Production of manufactures, by groups, 1919-1931
Production of minerals, by industries, 1919-1931
Factory employment, by groups, 1919-1931
Factory pay rolls, by groups, 1919-1931
Wholesale prices, by groups of commodities, 1913-1931—

201-205
206
207
208-211
212-213
214-215

APPENDIX
Recommendations (and directory) of the Federal Advisory Council
Amendment to regulation G of the Federal Reserve Board
Directory of the Federal Reserve Board
Salaries of officers and employees of the Federal Reserve Board
Receipts and disbursements of the Federal Reserve Board
Salaries of national-bank examiners
Governors and directors of Federal reserve banks
Salaries of officers and employees of Federal reserve banks
State bank and trust company members of Federal reserve system:
List of members, with location, loans, investments, etc
(Summary classification according to capital stock
Fiduciary powers granted to national banks
Banks authorized to accept bills up to 100 per cent of capital and surplus
Description of Federal reserve districts
Description of Federal reserve branch territories
Map of Federal reserve districts




219-221
222-224
225
225
226-227
228-229
230-237
238-240
241-255
256-258
259-282
283-285
286-291
292-293
294

LETTER OF TRANSMITTAL
FEDERAL RESERVE BOARD,

Washington, June 6, 1932.
To the SPEAKER OF THE HOUSE OF REPRESENTATIVES:

Pursuant to the requirements of section 10 of the Federal reserve
act, I have the honor to submit the Eighteenth Annual Report, prepared by direction of the Federal Reserve Board, covering operations
during the calendar year 1931.
Yours respectfully,
EUGENE MEYER, Governor.




ANNUAL EEPOET OF THE FEDERAL EESEEYE BOABD
Nineteen hundred and thirty-one was a year of continued depression
in business, of reduced employment, and of decline in values. The
volume of bank credit decreased continuously during the year, there
were many bank failures, and severe disturbances occurred in financial
conditions, both here and abroad.
During the first nine months of the year the Federal reserve system
pursued a policy of further easing credit conditions through reductions
of rates and through open-market operations. In the autumn of the
year, when, following upon the suspension of gold payments in England, the system was subjected to heavy withdrawals of gold from
abroad and of currency for hoarding in this country, it met these
demands freely by discounting paper for member banks and by the
purchase of acceptances in the open market.
In the first quarter of 1931 banking conditions, which had been
characterized by a large number of suspensions in 1930, showed some
improvement, but this improvement was not sustained during the
rest of the year. In the late spring the number of bank failures
increased, and there was a renewed increase in the withdrawals of
cash from banks for hoarding. There was an improvement in conditions for a brief period in July after the announcement on June 20
of the American proposals for a moratorium on intergovernmental
debts and reparation payments, but in August the downward movement was resumed, and in September, after the suspension of the gold
standard in England, gold exports from the United States were in
large volume and withdrawals of currency from the banks were
accelerated. Withdrawals of deposits and declines in the value of
investment portfolios were accompanied hj a large number of bank
failures in September and October. Gold exports practically ceased
at the end of October, and in the last part of the year there were
considerable imports of gold, largely from Japan. After the organization in October of the National Credit Corporation for making loans
to banks with sound assets, though these assets be ineligible for discount at the reserve banks, there was a reduction in the number of
bank suspensions, and some return flow of currency to the banks,
but in December bank failures increased again and were accompanied
by renewed withdrawals of currency for hoarding. When Congress
convened in December, a bill was introduced for the establishment of a
1




A

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

Reconstruction Finance Corporation with a capital of $500,000,000
supplied by the United States Treasury and authority to borrow up to
$1,500,000,000. The bill creating the corporation, which is authorized to make loans to banks and other financial institutions and to
railroads, was passed by Congress in January and approved by the
President on January 22, 1932.
Throughout the year unfavoraole developments abroad were an
important factor in business and credit conditions in the United
States. The European credit crisis, beginning in Austria in April,
spread to adjoining countries and resulted in June in a collapse of
credit in Germany. Efforts to arrest the spread of this crisis through
the extension of outside support to the central banks of Austria,
Hungary, and Germany, and through the American proposal for an
international moratorium on intergovernmental debts, were unsuccessful, and in July there were heavy withdrawals of foreign balances
from England. Foreign credits of $250,000,000 obtained by the
Bank of England and of $400,000,000 obtained by the British Government were exhausted by the third week in September, and on
September 20 the British Government announced the decision to
suspend the gold standard in England. This action, and similar
action in other countries, caused large gold withdrawals from the
United States, accelerated domestic withdrawals of currency for
hoarding, and was followed by a rapid contraction of credit in this
country.
RESERVE BANK CREDIT

Volume of reserve bank credit, which as a result of gold imports
had declined in midsummer to the lowest level since 1924, increased
sharply in September and October, as gold and currency withdrawals
occurred, and at the end of the year was near the highest level in 10
years. The course of reserve bank credit since 1922 is shown on the
chart, in relation to the demand for currency, gold movements, and
member bank reserve balances.
Increase in the demand for currency began in November, 1930,
when bank failures increased in number, but the resulting demand for
reserve bank credit was met until after the middle of 1931 by the use
of funds derived from imports of gold from abroad, with the consequence that there was little change in the outstanding volume of
reserve bank credit. After that time, however, in September and
October, when a large reduction in the monetary gold stock of the
country coincided with a further large increase in the demand for
currency, the volume of reserve bank credit increased by $1,000,000,000
within a few weeks. In November and December, however, there
was a reduction of more than $200,000,000, reflecting in part a renewed
inflow of gold from abroad, but in larger part a rapid decrease in



ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

6

member bank reserve balances, which accompanied a further decrease
in member bank deposits.
RESERVE BANK CREDIT OUTSTANDING
AND PRINCIPAL FACTORS IN CHANGES

MILLIONS OF DOLLARS

MILLIONS OF DOLLARS

6000

6000"

5500

5500

5000

4000

2500

2000

1500

1000

1000

500

1922

1923

192^

1925

1926J

1927

1928

1929

1930

1931

Monthly averages of daily figures

The following table shows on a monthly average basis the changes
in reserve bank credit during the first nine months of 1931, in the last
three months of the year, and for the year as a whole, in comparison
with the changes in gold stock, money in circulation, and member
bank reserve balances:
RESERVE BANK CREDIT AND PRINCIPAL FACTORS IN CHANGES
[Monthly averages of daily figures. In millions of dollars]
Change between—
Decem- Septem- Decem- December, 1930 ber, 1931 ber, 1931 ber, 1930,
and
September, 1931
Keserve bank credit
Monetary gold stock
Money in circulation
Member bank reserve balances.




!
|

l, 273
4,583
4,823
2,415

September, 1931,
and
December, 1931

December, 1930,
and
December, 1931

1,313
4,948

1,950
4,450

+40
+365

+637

+677
-133

5,133
2,333

5,611
2,069

+310

+478
-264

+788
-346

4

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
MEMBER AND NONMEMBER BANK CREDIT

The decrease of member bank reserve balances by $346,000,000
during the year was the largest decrease in these balances that has
taken place in a single year since the Federal reserve system was
established. During the first nine months of the year the decrease
was gradual, amounting in the aggregate to $82,000,000, but during
the final quarter it became accelerated, the decrease amounting to
$264,000,000 for the period and reflecting the rapid decline in loans
and investments of member banks. The decline in bank loans which
had begun in the autumn of 1929 continued throughout 1930 and
1931; until the summer of 1931, however, the decline in loans was
partly offset in the total volume of bank credit by a growth in the
banks' holdings of investment securities. In the third quarter of
1931 banks discontinued their purchases of securities, and in the
fourth quarter they began to sell investments, with a consequent increase in the rapidity of liquidation of bank credit and bank deposits.
The decrease during the year in member bank deposits subject to
reserve requirements approximated $4,875,000,000, of which $2,675,000,000 was in net demand deposits and $2,200,000,000 in time
deposits. This decrease reflected chiefly a reduction in member bank
loans and investments, a decrease which amounted for the year
ending December 31, 1931, to $4,300,000,000. For nonmember
banks the reduction in loans and investments during the year was
$2,200,000,000/ and for all banks, both member and nonmember
combined, it was $6,500,000,000/ or 12r per cent.
The accompanying chart, based on figures for all banks in the
United States, shows the course of bank credit since 1919, with separate curves for member banks and nonmember banks. It brings
out the fact that, while there was some reduction in bank credit in
the last quarter of 1929 and the first quarter of 1930, it was not until
the later months of 1930 that the volume of bank credit showed a
rapid decline, either for member or for nonmember banks. After the
middle of 1930, however, the reduction became pronounced and continuous, and after the middle of 1931 extremely rapid. During the
last quarter of 1931 the reduction of $3,700,000,000/or 7r per cent, in
bank loans and investments was larger than the reduction during the
three preceding quarters of the year and about equal in volume to the
postwar liquidation of November, 1920-March, 1922. At the end of
1931 loans and investments of all banks in the United States, amounting to $49,700,000,000/ were about $9,100,000,000r less than in the
autumn of 1929 and at about the same level as in the autumn of 1925.
The reduction of $9,100,000,000r in bank loans and investments
from October 4, 1929, to December 31, 1931, reflected a reduction of
' Revisedlfigures.




ANNUAL EEPORT OF THE FEDERAL RESERVE BOARD

O

$10,900,000,000T in bank loans, offset to the extent of $1,800,000,000r
by an increase in bank investments. The decrease in loans wTas continuous throughout the period, while the increase in investments
reflected the net result of a growth of about $3,000,000,000 prior
TOTAL LOANS AND INVESTMENTS
BILLIONS OF DOLLARS

60

I

(MILLIONS

I

I

I

I

I

i

55
A L L BANKS

I

y

OF DOLLARS

I

bU

T

J

i

50

y

45
/ * * V

/ r\
**U

45

/

/

MEM 5ER B/\NKS

or

35,
^ —

•ac

y

^

30

30

or

nC

*s

N O N - M E M B E R B A N K S ^ . - ——*s

—V

p>——-

90

?n

^^

15

15

in

0

1A

!
1919

!
1920

1921

1922

I
1923

i
1924

i
1925

i

i

1926

1927

|
1928

I
1929

1
1930

i
1931

n

Figures beginning with June, 1920, are for all dates on which member banks made call reports;
for earlier period they are for June only

to September, 1931, and a subsequent decrease of more than
$1,200,000,000r during the final quarter of the year.
MONEY RATES

Continued liquidation of bank loans during the first half of 1931 was
accompanied by a further decline in short-term money rates, both in
the open market and on loans made by banks directly to their customers. At the beginning of 1931 rates in the open market were already
at the lowest levels in more than 20 years, and during the early
months of the year they declined further to 2 per cent for commercial
T

Revised figures.




6

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

paper, 1){ per cent for call money, seven-eighths of 1 per cent for
bankers' acceptances, and less than one-half of 1 per cent on United
States Government obligations of short maturity. These levels prevailed through part of May, all of June, July, and August, and most
of September, reflecting the combined effects of a limited demand for
loans from borrowers of the highest credit rating, the prevalence of
excess reserves at the larger and more active member banks, and a
low level of indebtedness by member banks at the reserve banks,
accompanied by further reductions during the first five months of
the year in the discount rates of the Federal reserve banks and in
their buying rates for bankers' acceptances. Throughout the summer,
therefore, the cost of credit in the short-term money markets for
borrowers of acceptable credit standing was low, and the possession
of excess reserves by member banks reflected the inactive demand for
credit from sources acceptable to the banks and a lack of confidence
on the part of the banks in investment securities. These conditions
prevailed for somewhat more than four months until the suspension
of the gold standard in England on September 20. At that time the
demand for gold from abroad and for currency at home absorbed the
excess reserves of the member banks and led to a sharp increase in the
volume of their borrowings at the reserve banks.
CREDIT POLICY OF THE RESERVE BANKS

The credit policy of the Federal reserve system in the first nine
months of 1931 was directed toward the furtherance of easy credit
conditions, as indicated by further reductions in rates on discounts
and acceptances between January and May and by purchases of
United States Government securities between May and September.
During the summer reserve bank rates were at the lowest levels that
have ever prevailed, the official buying rate on acceptances being at
1 per cent for the principal maturities and the discount rate of the
Federal Reserve Bank of New York at V/i per cent, and at the other
reserve banks between 2 and 3}{ per cent. After the middle of September, in view of the outflow of gold from the country and of currency into hoarding, the Federal reserve banks increased their rates
on discounts and acceptances. The discount rate of the Federal
Reserve Bank of New York was advanced by 1 per cent on October
9—from IK per cent to 2% per cent—and on October 16 to 3% per
cent. Buying rates on acceptances for different maturities were
advanced by one-fourth of 1 per cent on September 25, and advanced
further on October 9, 13, and 16—to the level of 3% per cent for maturities up to 90 days and 3K-3K per cent for longer maturities.
Between October 9 and November 14 discount rates were also advanced at other reserve banks—at Boston from 2 to 3% per cent, at
Philadelphia, Cleveland, Atlanta, and Kansas City from 3 to 3% per




ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

cent, at Kichmond from 3 to 4 per cent, and at Chicago, St. Louis,
and San Francisco from 2% to 3% per cent. On November 20, when
the gold outflow had ceased and the currency demand subsided,
buying rates on acceptances of maturities up to 45 days were reduced
by one-eighth of 1 per cent. The accompanying table shows the
Federal reserve bank rates in effect at the beginning of 1931, during
the 4-month period from May 22 to September 24, and at the end
of the year.
FEDERAL RESERVE BANK RATES

[Per cent]

In effect
Jan. 1,
1931

In effect during
period May 22Sept. 24, 1931

Pato
Rate

BUYING RATES ON ACCEPTANCES 1
1-15 days. —
16-45 days.._
46-90 days—
91-120 days. .
121-180 days.

In effect Dec. 31,
1931
Date established

| Date es
-pQ+ft
I tablished | R a t e

May 13
May 19
do
May 13

Nov. 20
Do.
Oct. 16
Do.
Do.

DISCOUNT RATES
Boston
New York
PhiladelphiaCleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City...
Dallas
San Francisco _

May
May
May
May
May
Jan.
May
...do-

VA

7
8
7
9
15
10
9
___

May 21
May 8
M a y 22

4

4
4
4
i\
|
i\
i\
4
i\
i\

Oct. 17
Oct. 16
Oct. 22
Oct. 24
Oct. 20
Nov. 14
Oct. 17
Oct. 22
(2)
Oct. 23
Oct. 21
Do.

1 Buying rates at the Federal Reserve Bank of New York.
2 Sept. 12, 1930.
EXCESS RESERVES

OF M E M B E R

BANKS

During the first half of the year, as indicated b}r the chart on
page 3, increased currency demand was approximately offset by
gold imports, and until June the maintenance of member bank deposits at a fairly constant level was reflected in reserve requirements
that remained close to $2,300,000,000, or about the same as in the
middle of 1929. Beginning with June, however, when deposits and
reserve requirements decreased, and continuing through the next
five months, the banks had excess reserves in considerable volume.
These facts are brought out by the chart, which shows for the period
1929-1931 the reserves held by the member banks, the required
reserves, and the excess reserves. The increase in excess reserves at
the middle of the year, to a level in June and July above $120,000,000,
was due in part to an increase in monetary gold stock that exceeded
for the time being the growth in currency demand. An offsetting

125554—32
2


8

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

influence at that time, which tended to reduce member bank reserve
balances, was liquidation of dollar acceptances held in this country by
foreign central banks and deposit of the proceeds with the reserve
banks. This operation results in a transfer of funds from the market
to the reserve banks and tends to increase the demand for reserve
bank credit. The transfer of funds from the market to the reserve
banks, however, which began in the middle of June, did not result in
increasing member bank indebtedness and, therefore, tightening credit
ALL MEMBER BANKS

MILLIONS OF DOLLARS

MILLIONS OF DOLLARS

2500

2500

Ik

2400

Reserves Held
\

2400

2300

2300

V Required Reserves

M
\\
\

2200

2100

2000

2200

2100

2000

Excess Reserves

100

1

1929

^

100

. . .

i

.

1930

.

,

.

.

l

.

.

.

1931

Monthly averages of daily figures

conditions, for the reason that it was offset by the purchase of United
States Government securities by the reserve banks.
COMPOSITION OF RESERVE BANK CREDIT

During the period of transfers of funds from the market to the
reserve banks by foreign correspondents in June, the reserve banks
purchased $60,000,000 of United States Government securities, and in
a similar situation in August they made additional purchases of
securities, bringing the total holdings of the system to $725,000,000.
This amount was maintained until near the end of the year, except



9

ANNUAL KEPORT OF THE FEDERAL RESERVE BOARD

for temporary increases at the time of Treasury financing periods in
September and December. At the end of 1931 reserve bank holdings
of United States Government securities amounted to $800,000,000 and
showed an increase for the year, as measured by monthly average
figures, of $133,000,000, which compares with an increase of $436,000,000 in bills discounted, $83,000,000 in acceptances, and $25,000,000
in other reserve bank credit. The figures are given in the accompanying table, which also shows separately the changes during the first three
quarters of the year and during the final quarter. The accompanying

MILLIONS OF DOLLARS

U. S.GOVERNMENT SECURITIES
HELD BY FEDERAL RESERVE BANKS

MILLIONS OF DOLLARS

900

900

800

800
700

100

1928

1929

1930

Figures are for Wednesdays; no separate lines are shown for 1-day Treasury certificates or for
Government securities bought under resale agreement, both of which are included in the total

chart shows by weeks the course of reserve bank holdings of United
States Government securities during the period 1928-1931, with
separate curves for United States Government securities held in the
"System investment account/' through which system policy in respect
to open-market operations is chiefly expressed, and those held by
individual reserve banks, which usually vary in amount in accordance
with adjustments by the individual reserve banks to local or temporary
conditions.




10

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
COMPOSITION OF R E S E R V E

BANK

CREDIT

[Monthly averages of daily figures. In millions of dollars]
Ch £inge betwee n DecemDecem- Septem- Decem- Decem- Septem- ber, 1930,
ber, 1930 ber, 1931 ber, 1931 ber, 1930, ber, 1931, and Deand Sep- and De- cember,
tember, cember,
1931
1931
1931
Bills discounted
Bills bought
United States Government securities
Other reserve bank credit...
Total reserve bank credit

338
257
644
34

280
259
736
38

774
340
111
59

-58
+2
+92
+4

+494
+81
+41
+21

+436
+83
+133
+25

1,273

1,313

1,950

+40

+637

+677

INTERNATIONAL

GOLD

MOVEMENTS

The movement of gold to the United States during the first half of
1931 was similar to that which characterized the year 1930. Except
for an import of $20,000,000 of gold from France in April, practically
no gold flowed between this country and Europe. The bulk of the
imports was from Canada, Latin America, and the Far East, and
reflected the continued fall in raw material prices and the pressure of
foreign indebtedness. Up to the middle of June about $230,000,000
was added to the monetary gold stock of the United States.
In the next three months $190,000,000 more gold was added to
United States stock. Although the movement from Canada, Latin
America, and the Far East continued, by far the largest receipts
during this second period were from Germany. Following the threatened collapse in May of the Credit Anstalt—the largest bank in
Austria—confidence in the banking situation in Central Europe was
impaired. Early in June the withdrawals of foreign funds from
Germany assumed substantial proportions. The Reichsbank lost
$230,000,000 of gold in the first three weeks, in addition to large
amounts of foreign exchange. About one-half of this gold was transferred directly or indirectly to the Federal reserve banks.
After the withdrawals from Germany subsided, with the introduction
of exchange control in that country, withdrawals of foreign balances
from London began on a large scale.
During the first half of 1931 the British gold stock, like that of
the United States, had been increasing. There had been a constant
flow of gold to England from the mines of the Transvaal, Rhodesia,
and West Africa; and a substantial amount in the aggregate had
come from South America, the Straits Settlements, and Australia.
Early in the year there were losses to France and Belgium; but from
the end of January to the middle of July gold reserves of the Bank of
England increased by $120,000,000. In the last two weeks of July
the movement was reversed and $155,000,000 of gold flowed out—




ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

11

mostly to France, Netherlands, and Belgium. Temporarily the loss
of gold was stopped by the purchase of $125,000,000 of sterling bills
by the Federal reserve banks and an advance of $125,000,000 to the
Bank of England by the Bank of France, followed later in August by
a credit to the amount of $400,000,000 granted to the British Government by private interests in France and the United States. These
measures were, however, insufficient to meet the continued withdrawal
of funds, and on September 21 the Bank of England was relieved by
law of its obligation to redeem its notes in gold.
Suspension of the gold standard in England not only tended to
immobilize foreign balances still held in London but also to impair
confidence in such balances held elsewhere and to cause European
banks to convert large portions of their foreign funds, into gold.
Since a large part of the realizable short-term foreign balances of the
world was held in the United States, it was largely upon this country
that this movement then concentrated. As a consequence, the United
States lost $725,000,000 of gold from the middle of September to the
end of October. About three-fifths of this gold was taken by France,
and the bulk of the remainder by Belgium, Switzerland, and Netherlands. These were the countries which previously had been drawing
heavily upon the Bank of England's reserves, and which continued
to draw gold from the London bullion market when the bank itself
ceased to pay out gold. To a considerable extent the movement
reflected the desire of the central banks in these countries to increase
their metallic reserves with a view to showing a stronger gold position.
In the final two months of 1931 the general movement of the first
of the year was resumed, and gold stock in the United States rose
as a result of shipments from Canada, Latin America, and the Far
East. The flow from these areas had in fact never ceased; but from
the middle of September through October the shipments to Europe
had been much larger than the receipts from other parts of the
world. In November and December, however, exports to Europe
practically ceased, while shipments from Japan, which was endeavoring to maintain the gold standard, were in heavy volume. Even
after Japan abandoned the gold standard on December 13, Japanese gold continued to arrive at San Francisco. In these two
months the monetary gold stock of the United States increased by
$170,000,000.
During 1931 as a whole, the monetary gold stock of the United
States decreased by about $135,000,000. Central gold reserves in
Germany declined by $290,000,000; in England, by $130,000,000; in
Argentina, by $160,000,000; and in Japan, by $180,000,000. Meanwhile central gold reserves in France grew by $600,000,000; and in
Switzerland, Netherlands, and Belgium there was an aggregate increase of $665,000,000.



12

ANNUAL REPOKT OF THE FEDERAL RESERVE BOARD

The reported central gold reserves of the world as a whole showed a
net increase for 1931 of about $335,000,000. If allowance is made for
gold in transit between central banks and for gold pledged as collateral
for loans and thus temporarily removed from central gold reserves, the
figure of the increase during the year is nearer $450,000,000. This
figure compares with $440,000,000, the output from the world's gold
mines, and an additional $275,000,000 representing the indicated
release of gold from private holdings in China, Russia, and India.
Proi3ably not more than $45,000,000 of this total of $715,000,000 was
taken for industrial uses in 1931. The remaining difference between
the amount of gold coming from the mines and from private holdings
in the East and the amount added to central gold reserves is nearly
$220,000,000, and represents largely gold absorbed in commercial
bank and other private holdings during the year—for the most part
in European centers at the time of the international financial crisis.
CREDIT AGREEMENTS WITH FOREIGN CENTRAL BANKS

On several occasions during 1931 the Federal Reserve Bank of New
York, in association with other Federal reserve banks and with the
approval of the Federal Reserve Board, entered into agreements with
foreign central banks to purchase from them up to specified amounts
prime commercial bills bearing their guarantee of repayment in gold.
Such agreements were made on May 30 with the Austrian National
Bank, which at the same time entered into credit agreements with
the Bank for International Settlements and 10 European central
banks; on June 19 and July 8 with the National Bank of Hungary,
which on the same dates entered into agreements with the Bank for
International Settlements and a number of European central banks;
on June 26 with the Reichsbank, which at the same time entered
into agreements with the Bank for International Settlements, the
Bank of England, and the Bank of France; and on August 1 with the
Bank of England, which at the same time also entered into an agreement with the Bank of France. The Austrian credits, originally
aggregating about $14,070,000, including $1,083,000 for the Federal
reserve banks, were renewed for about seven weeks on August 30,
and after reduction by 10 per cent on September 16 were again renewed on October 16 for three months in the amount of $12,660,000,
including $975,000 for the reserve banks; the Hungarian credits,
originally aggregating about $10,000,000, including $2,000,000 for
the Federal reserve banks, and later increased to about $21,000,000,
including $5,000,000 for the reserve banks, were renewed for three
months on September 18 in the reduced total amount of $16,800,000,




ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

13

and renewed again for one month on December 18 in the reduced
total amount of $16,570,000, including in both instances $4,000,000
for the Federal reserve banks. The Reichsbank credits, which
were for $100,000,000, including $25,000,000 for the Federal reserve
banks, were originally for a period of three weeks, but were renewed
on July 16, and again renewed—for three months—on August 6 and
November 4. The Bank of England credits, originally for $250,000,000,
including $125,000,000 for the Federal reserve banks, were renewed for three months on October 31 in the reduced total amount
of $150,000,000, including $75,000,000 for the Federal reserve banks.
Reserve-bank holdings of bills payable in foreign currencies, which
represent largely purchases of bills in accordance with agreements
made with foreign central banks, were reduced during the first quarter
of the year from $36,000,000 at the end of December, 1930, to
$1,063,000 at the end of March, 1931. They remained at about this
level in April and May. In June they increased to $10,551,000, in
July to $34,371,000, and in August to $145,215,000. During
September they declined to $48,804,000 and during October to about
$33,000,000, at which level they remained throughout the rest of
the year.
DETAILS OF OPERATION

In the preceding pages there has been presented a brief discussion of business and banking developments in 1931 and of the policies pursued by the Federal reserve system during the year. In
the following sections of this report there is given a more detailed
account of the operations of the Federal reserve banks and branches
and of administrative matters with which the Federal Reserve
Board has dealt during 1931.
EARNINGS, EXPENSES, AND VOLUME OF WORK OF THE FEDERAL RESERVE
BANKS

Gross earnings of the Federal reserve banks in 1931 amounted to
$29,701,000, or $6,723,000 less than in 1930, and were lower than in
any preceding year since 1917. After deducting current expenses
of $27,040,000—somewhat less than the previous year—and adjustments for depreciation on bank premises, reserves for losses, etc.,
there remained net earnings of $2,972,000. Earnings, expenses,
dividend payments, etc., for all Federal reserve banks combined for
1931 and 1930 are shown in the following table:




14

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS DURING 1931

AND 1930

[In thousand of dollars]
1931
29, 701
27, 040

Total earnings
Current expenses..
Current net earnings.
Additions (profits on sales of United States Government securities, etc) _
Deductions (depreciation and other reserves, etc)

36,424
28, 343

2,661

8,081

3,187
2,876

Net additions to current net earnings..
Net earnings
Dividends paid
Charged to surplus
Franchise tax paid to United States Government-.
1

1930

3,475
3,568

311

-93

2,972
10,030
1
7,058

7,988
10,269
2,298
17

Not including a depreciation reserve on United States bonds of $8,158,000 charged direct to surplus.

The reduction in gross earnings in 1931, notwithstanding an increase
of $194,000,000 in the daily average holdings of bills and securities,
was clue to the decrease from 3.25 to 2.20 per cent in the average rate
of earnings on bills and securities. The average rate of earnings on
each class of earning assets showed a substantial decline during the
year, the average rate on discounted bills declining from 3.93 per cent
in 1930 to 3.01 per cent, on bills bought in the open market from 2.85
to 2.04 per cent, and on United States Government securities from
3.06 to 1.86 per cent. Average daily holdings of discounted bills, bills
bought in open market, United States Government securities and
other bills and securities, together with average rates and amounts
earned on each, are shown for recent years in the following table:
E A R N I N G S ON B I L L S AND

SECURITIES

[Amounts in thousands of dollars]
Bills and securities held by all Federal reserve banks

Year
Total

Daily average holdings:

1927
1928
_ ..
.
_
1929.
..
.
1930
1931
Average rate of earnings (per cent):
1927
1928
.
_
1929
1930
1931.
Earnings:
1927
1923
1929
1930
1931




.

Bills discounted

Bills
bought
in open
market

United
States
Government securities

All other
bills and
securities

1,124, 538
1,467, 371
1, 413, 058
1, 056, 895
1, 251, 058

442,287
839,942
950, 580
271, 727
326, 217

263,258
327,806
241,399
213,201
245, 260

417,480
297,499
207, 659
563,672
669, 013

1,513
2,124
13,420
8,295
10, 568

3 60
4.24
4.86
3.25
2.20

3.83
4.56
5.03
3.93
3.01

3.49
3.97
5.00
2.85
2.04

3.41
3.64
3.93
3.06
1.86

3.88
4.34
4.94
4.09
2.90

40,482
62, 275
68,683
34 365
27, 565

17,011
38, 334
47, 791
10,672
9, 821

9,207
13,021
12,064
6,081
5, 010

14, 206
10, 828
8,165
17, 273
12, 428

58
92
663
339
306

15

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

Current expenses of the Federal reserve banks in 1931 were $27,040,000, or $1,303,000 less than in 1930. Reductions were effected in
most of the items of expenditure, the principal reductions occurring
in the cost of printing, issuing, and redeeming Federal reserve notes,
and in expenditures for salaries, insurance, postage, and assessments
for Federal Reserve Board expenses.
The average number of officers and employees decreased from 9,797
in 1930 to 9,426 in 1931, and there was some falling off in the volume
of work handled in the principal departments of the banks except in
the discount departments, where the volume of work increased materially during the latter part of the year, and in the fiscal agency
departments. The volume of work handled in the principal departments of the banks during each of the past four years was as follows:
VOLUME OF OPERATIONS IN PRINCIPAL DEPARTMENTS
1928

1929

1930

1931

NUMBER OF PIECES HANDLED 1

Bills discounted:
Applications
_
Notes discounted
Bills purchased in open market for
own account
Currency received and counted
Coin received and counted
Checks handled
Collection items handled:
United States Government cou-

145, 000
526, 000

99, 000
415, 000

113, 000
513, 000

251,000
2, 270, 555, 000
2, 929, 091, 000
887, 997, 000

196, 000
2, 427, 330, 000
3, 239, 709, 000
924, 449, 000

208, 000
2, 441, 989, 000
3, 325, 555, 000
904, 975, 000

221, 000
2, 269, 292, 000
2, 900, 462, 000
864, 615, 000

28, 765, 000
6, 461, 000

20, 935, 000
6, 504, 000

19, 362, 000
6, 388, 000

17, 322, 000
6, 927, 000

6,682, 000
2, 011, 000

1, 833, 000
2,139, 000

1, 417,000
1, 868, 000

2, 435, 000
1, 663, 000

$62, 412, 961, 000

$60, 747,124, 000

$14, 067,117, 000

$14, 555, 590, 000

4, 240, 669, 000
13, 315, 551, 000
451,125, 000
301, 703, 814, 000

3, 587, 478, 000
14, 782, 429, 000
478, 219, 000
367, 215,123, 000

3, 873, 698, 000
2, 998, 415,000
14, 262, 809, 000
12, 668, 638, 000
537, 534, 000
585, 945, 000
324,883, 021, 000 248,172, 956, 000

543, 373, 000

pons paid.
JU1 other.

United States Government securities—issues, redemptions, and ex- j
changes by fiscal agency depart- j
ment
Transfers of funds

123, 000
443,000

535, 612, 000

AMOUNTS HANDLED

Bills discountedBills purchased in open market for
own account
Currency received and counted
Coin received and counted
Checks handled
Collection items handled:
United States Government cou-

499, 111, 000

479, 960, 000

All other.
7, 414, 440,000
7,185, 384, 000
7, 528, 014, 000
7, 321, 814, 000
United States Government securities—issues, redemptions, and exchanges by fiscal agency depart9, 002, 383, 000
7, 018, 844, 000
7, 245,189, 000
ment
17,543, 480,000
148, 749, 027, 000 170, 789, 669, 000 198,880, 880, 000 162, 095, 081, 000
Transfers of funds—
1

2 or more checks, coupons, etc., handled as a single item, are counted as 1 "piece."

None of the Federal reserve banks reported sufficient net earnings
to pay accrued dividends in full, and four Federal reserve banks—
Boston, Richmond, St. Louis, and Kansas City—reported an excess
of expenses over income. Accordingly, dividends of all Federal
reserve banks were paid entirely or in part out of surplus. In addition,
a reserve for depreciation on United States bonds in the amount of
$8,158,000 was charged direct to surplus account. The surplus of the
Digitized for12 Federal reserve banks combined after the closing of the books at
FRASER


16

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

the end of the year amounted to $259,420,000, a net reduction for the
year of $15,216,000. The total subscribed capital of the Federal
reserve banks at the end of 1931 amounted to $321,000,000, against
$339,280,000 the year before.
Gross and net earnings during the year and the distribution of net
earnings of each Federal reserve bank are shown in the following
table:
FINANCIAL RESULTS OF OPERATIONS OF THE FEDERAL RESERVE BANKS
DURING

Federal reserve bank

Boston
New York
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis. _
Kansas City..
Dallas
San Francisco
Total...

BUILDING

1931

Gross earn- Net earnings
ings

$1,800,619 -$140,230
7,555,213
1,532,081
2,714,016
884,172
3,038, 083
78, 545
1,389,086
-156,646
1,448,835
4,143, 601
609,895
1,188, 631
—61, 263
936, 604
45,805
1, 555, 084 -185,486
1, 213,987
111,982
2,717, 520
253,211
29,701, 279

OPERATIONS

2,972, 066

OF FEDERAL

Excess of Reserve for
expenses depreciation
and divi- on United
States
Dividends dend paybonds,
paid
ments over
charged
| earnings,
direct to
charged to
surplus
surplus
$709,139
3,891, 599
1,004,836
936, 513
340,360
313,247
1,170, 633
289,409
180,455
253, 621
254, 878
685, 070

$849,369
2,359, 518
120, 664
857,968
497,006
313,247
560, 738
350, 672
134, 650
439,107
142, 896
431,859

$410,783
3,138, 747
458, 716
473, 331
133,767
95,405
964,743
186,470
653,001
138,274
1,168,455
336, 576

10,029, 760

7,057, 694

8,158, 268

RESERVE

BANKS

The building for the use of the Pittsburgh branch, construction of
which was begun in 1930, was completed in 1931 and occupied on
December 14. The addition to the building of the Federal Reserve
Bank of Richmond was also completed during the year. At the end
of 1931 all Federal reserve banks were housed in buildings owned by
them, as were also all Federal reserve branches except those at Cincinnati, Charlotte, Portland, Seattle, and Spokane.
BRANCHES AND AGENCIES OF FEDERAL RESERVE BANKS

The 25 branches and 2 agencies of the Federal reserve banks which
were in operation at the end of 1930 continued to function throughout 1931. As was the case with the system as a whole, the volume of
work handled by the branches and agencies in their principal operating departments fell off somewhat in 1931. The following table shows
a comparison of the volume of work handled in certain departments
during the years 1928, 1929, 1930, and 1931:




ANNUAL EEPORT OF THE FEDERAL RESERVE BOARD
VOLUME

1

17

OF OPERATIONS OF FEDERAL RESERVE BRANCHES AND AGENCIES
1928

Checks handled:
Number
Amount
Currency received and counted:
Number of pieces
Amount
Coin received and counted:
Number of pieces
Amount

268,814,000
$68, 273,066,000

1929

1930

277, 778, 000
265,300,000
$72,034,805,000 $62,834,956,000

1931

245, 416, 000
$48,079,197, 000

535,352, 000
$2,939,837,000

594,449, 000
$3,259,688,000

581,697,000
$3,106,716,000

522,933,000
$2,565,552,000

453,200,000
$67, 949, 000

466,152,000
$75,846, 000

572,611,000
$84,394, 000

593,425,000
$72,550,000

*2 or more checks, etc., handled as a single item, are counted as one.

Current expenses during 1931 of the branches and agencies amounted
to $5,703,000, as compared with $5,987,000 during 1930.
CHANGES IN MEMBERSHIP

During the year 1931 the number of member banks decreased from
8,050 1 to 7,246, a net reduction of 804 for the year, as compared with
a net reduction of 472 the year before. Membership at the end of
1931 included 6,368 national and 878 State banks, representing decreases of 663 and 141, respectively, for the year. As in other recent
years, the decrease in the number of member banks resulted largely
from suspensions, mergers between member banks, and absorptions
by nonmember banks. The number of nonmember banks decreased
during the year by 1,995—from 14,717 at the end of 1930 to 12,722
at the end of 1931.
Additions to membership during the year may be classified as follows: 15 newly organized national banks, 7 nonmember State banks
converted into national banks, 23 State banks admitted to membership, and 31 previously suspended member banks that reopened
during the year. In addition, 197 nonmember banks were absorbed
by member banks, thereby increasing the assets but not the number
of member banks.
Mergers between member banks account for a decrease of 209 in
the number of such banks in 1931, and suspensions for a decrease of 517
member banks. A total of 125 member banks were lost to membership through conversion into or absorption by nonmember banks, 20
through voluntary withdrawals of State banks from membership, and
9 through voluntary liquidation.
At the end of 1931 member bank loans and investments constituted
approximately 77 per cent of the total loans and investments of all
commercial banks (i. e., exclusive of mutual savings banks), as compared with 75 per cent a year earlier and 73 per cent at the end of
1929.
Changes in membership for the year 1931 are summarized in the
following table:
1

Exclusive of 2 banks that suspended at end of 1930 but which were included in the comptroller's Dec*

31, 1930, abstract.



18

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

CHANGES IN THE NUMBER OF NATIONAL AND STATE BANK MEMBERS DURING
1931 AND 1930
1931
National
1

State

Total
1

Total for
1930

Net decrease
Active member banks at end of year

8,050

8,522

23
6

15
7
23
31

33
35
18
7

48

29

76

93

151
26
8
409
98
19

17
15
1
108
8

168
41
9
517
106
19
20

158
41
4
187
109
25
3 41

711

170

880

565

663

Active member banks at beginning of year
Additions to membership: 2
Organization of national banks
Conversion of nonmember banks to national
Admission of State banks
_.
_
Resumptions following suspension
Conversions within the system
Total additions 2
Decreases in membership:
Merger between member banks—
National and national, or State member and State
member
National and State member
Voluntary liquidation (terminal)
Suspensions
Absorption of member banks b v nonmember banks
Conversion of member banks to nonmember banks
Withdrawal of State banks
Conversions within the system
Total decreases

141
878

804

472

7,031

1,019

15

25
1

6,368

20
1

7,246

1

8,050

1

Exclusive of 2 banks that suspended at end of 1930 but which were included in the comptroller's
Dec. 31, 1930, abstract.
2
Exclusive of 197 nonmember banks absorbed by member banks in 1931 and 165 in 1930, which increased
the assets but not the number of member banks.
3
Includes 2 compulsory withdrawals.
BANK

EXAMINATIONS

The board, through its division of examinations, conducted one
examination of each Federal reserve bank during the year.
Two banking corporations organized under the provisions of section
25 (a) of the Federal reserve act, generally referred to as the Edge
Act, to engage in foreign and international banking business, were
examined during the year.
Two banking corporations organized under State law to do a foreign
banking business and operating under agreement with the board, as
provided in section 25 of the Federal reserve act, were also examined
during the year.
BANK SUSPENSIONS

A total of 2,298 banks (and 242 branches operated by 95 of such
banks) suspended operations during 1931, with aggregate deposits of
$1,691,510,000, as compared with 1,345 banks in 1930 with deposits
of $864,715,000 and 956 in 1926 with deposits of $272,488,000, the
previous peak years of bank suspensions. Of the 2;298 banks that
suspended during the year 1931, 409 were national banks with deposits
of $439,171,000, 108 were State bank members of the Federal reserve
system with deposits of $294,357,000, and 1,781 were nonmember
banks with deposits of $957,982,000. During the year 276 suspended
banks with deposits of $158,187,000 resumed operations, of which 25
with deposits of $26,182,000 were national banks, and 6 with deposits




19

ANNUAL REPORT OF THE FEDERAL RESERVE BOADR

of $27,762,000 were State bank members. The following table
shows the number, capital, and deposits of suspended and reopened
banks, by years, since 1921:
B A N K S S U S P E N D E D AND R E O P E N E D , 1921-1931

[Capital and deposits in thousands of dollars]
Banks reopened

Banks suspended
Year

Deposits Number

Deposits

Number
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930...

Capital

501
354
648
776
612

22,802
13,743
21, 943
28, 358
24, 441

196, 460
110,721
188, 701
213, 338
172, 900

60
65
37
94
62

1,918
4,003
1,516
2,815
1, 994

17,493
35,565
11, 674
22,462
16, 618

956
662
491
642
1,345

32,804
24, 763
19, 715
32,254
111, 643

272, 488
193,891
138, 642
234, 532
864, 715

149
95
39
58
147

5,134
3,906
1, 540
3,052
6,802

60, 610
35, 729
15, 727
25, 829
61, 599

2,298

208,120

1, 691, 510

276

19,102

158,187

..

._

.

.

-

.

1931

Capital

The greatest proportionate increase in bank suspensions in 1931 as
compared with previous years was reported for the North Central,
Middle Atlantic, and New England States, as may be seen from the
following table, which shows the number of bank suspensions, by
geographic divisions, in 1931, in 1930, and from 1921 to 1929, together
with a yearly average for the latter period:
Number of bank suspensions
1921-1929
1931

New England States
Middle Atlantic States
North Central States
South Mountain States
Southeastern States
Southwestern States. _.
Western Grain States
Rocky Mountain States .
Pacific Coast States.._
Total, United States

1930

Yearly
average

Total for
9 years

33
250
611

13
32
286

2
9
50

16
82
449

_.

152
245
174

87
276
201

21
103
77

188
929
694

_

717
62
54

413
25
12

291
59
15

2 620
534
130

2,298

1,345

627

5,642

_
_
_ _
_

..

.

_

„_

The average size of banks that suspended in 1931 was larger than
in any of the previous 10 years, 23.7 per cent of the banks that suspended in 1931 having had a capital stock of $100,000 or more,
compared with 15. 8 per cent in 1930 and 9.7 per cent during the 9-year
period 1921-1929. The increase in the average size of banks that
suspended in 1931 was due chiefly to the fact that a relatively larger
number of suspensions was in the larger towns and cities. Percentages of bank suspensions, according to capital of the banks and



20

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

population of the places where the suspensions occurred, are shown
in the following table:
BANK SUSPENSIONS, BY SIZE OF BANK AND SIZE OF TOWN
Per cent of total number
Banks with a capital
of—

of bank suspensions
1931

1930

Banks located in places
with population of—

1921-1929

Per cent of total number
of bank suspensions
1931

1930

1921-1929

$100,000 and over
$50,000 and over

23.7
43.6

15.8
32.2

9.7
27.2

25,000 and over
10,000 and over
5,000 and over

13.7
19.5
25.6

9.2
13.4
17.9

5.2
8.4
12.6

$25,000 and over
Less than $25,000.

75.5
24.5

64.6
35.4

59.0
41.0

1,000 and over..
Less than 1,000

53.5
46.5

46.4
53.6

39.5
60.5

BANK CONSOLIDATIONS

Bank consolidations in 1931 were more numerous than in any
previous year, 812 banks having been absorbed by other banks
during the year. Of these 812 banks, 315 were members of the
Federal reserve system and 497 were nonmember banks. Of the
315 member banks that went out of existence as separate institutions
through consolidation, 209 were absorbed by other member banks
and their absorption, therefore, did not affect the banking resources
in the Federal reserve system. Member banks absorbed by nonmember banks numbered 106, as compared with 197 nonmember
banks absorbed by member banks. The total decrease during the
year in the number of banks in the United States was 2,803, and the
number in operation at the end of the year was 19,966.
Following is a classification of the banks absorbed during 1931 and
1930 through consolidation with other banks:
BANK CONSOLIDATIONS—NUMBER OF BANKS ABSORBED BY OTHER BANKS
1931

Total number of banks absorbed by other banks.
National banks absorbed—total
By other national banks.
By State bank members.
By nonmember banks
State bank members absorbed—total-

1930

812

(0

275

261

151
26
98

143
22
96

40

47

By other State bank members..
By national banks
By nonmember banks

17
15

8

15
19
13

All member banks absorbed—total.
By other member banks
By nonmember banks
Nonmember banks absorbed—total_
By national banks..
By State bank members
By other nonmember banks..

315
209
106

308
199
109

497
140
57
300

0)
2 135
2 30

1 Complete figures of nonmember banks absorbed are not available.
2

Figures for
 1930, of nonmember banks absorbed by member banks,[are probably somewhat incomplete.


ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

21

BANKS ON PAR LIST

At the end of 1931 there were 16,427 banks on the Federal reserve
par list, which comprises all member banks and such nonmember
banks as have agreed to pay, without deduction of exchange charges,
such checks drawn upon them as are presented or forwarded for payment by the Federal reserve banks. During the year the number of
nonmember banks on the par list decreased by 1,775—largely as the
result of the reduction in the number of banks in operation—and the
number not on the par list by 230. Of the 3,207 banks not on the
par list at the end of 1931, 1,753 were located in the Southern and
1,329 in the West North Central States and the adjoining State of
Wisconsin. As will be seen from the following table, all of the banks
in the Boston, New York, and Philadelphia districts and all but 6 in
the Cleveland district were on the Federal reserve par list:
M E M B E R S H I P I N P A R - C O L L E C T I O N SYSTEM
[Number of banks at end of December]
Nonmember banks
Member banks
On par list
1931

1931

1930

1931

1930

7,246

United States
Boston. .
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago _ .
St Louis
Minneapolis
Kansas City
Dallas
San Francisco.

1930

Not on par list *

_ _

.
_ _
_

2 8, 050

9,181

10, 956

3,207

3,437

373
841
715
655
403
349
903
465
579
824
617
522

396
914
753
757
470
390
2
1,079
513
642
871
684
581

234
340
358
792
445
150
2,586
1,240
386
1,633
468
549

260
395
451
936
523
186
3,200
1,404
497
1,917
572
615

6
381
792
248
405
881
216
223
55

9
441
862
238
417
1,007
191
211
61

1
Figures cover all incorporated banks (other than mutual savings banks).
2 Exclusive of 2 banks that suspended at the end of 1930 but which were included in the comptroller^
Dec. 31, 1930, abstract.

TRUST ACTIVITIES OF NATIONAL BANKS

The Federal Reserve Board in 1931 approved 41 original and 7
supplementary applications by national banks for permission to
exercise fiduciary powers under the provisions of section 11 (k) of
the Federal reserve act. Two thousand three hundred and twentynine national banks were holding fiduciary permits on December 31,
1931, representing 36.5 per cent of the number of national banks in
operation on that date.
Three national banks during the year surrendered their right to
exercise trust powers, under the provisions of section 11 (k) of the
Federal reserve act as amended June 26, 1930.



22

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

A list of national banks holding permits to exercise trust powers
on December 31, 1931, will be found on pages 261-284.
CHANGES IN THE BOARD'S REGULATIONS

The only change made by the board during the year in its regulations applicable to member banks was in its regulation G governing the
rediscount by Federal reserve banks of notes secured by adjusted
service certificates issued under the provisions of the World War
adjusted compensation act. Section 502 of this act was amended by
act of Congress of February 27, 1931, so as to provide that the loan
basis of an adjusted service certificate should at no time be less than
50 per cent of its face value and also that the rate of interest on any
such loan should in no event exceed 4K per cent per annum compounded annually; and on March 2, 1931, the board amended its
regulation G so as to conform to the law as thus amended. The
complete text of this regulation will be found on page 222.
ADMINISTRATION OF THE CLAYTON ANTITRUST ACT

During the year 1931 the board received and considered the applications of 300 persons for permission to serve at the same time as
director, officer, or employee of more than one bank or trust company,
in accordance with the provisions of section 8 of the Clayton Antitrust Act. The Comptroller of the Currency reported 662 apparent
violations of this law, and where violations were found to exist the
persons and banks involved were required to conform to the law.
MEETINGS OF FEDERAL ADVISORY COUNCIL

Four meetings of the Federal advisory council were held in Washington during 1931 on the following dates: February 17, May 19,
September 15, and November 17.
CONFERENCES HELD BY THE FEDERAL RESERVE BOARD

The Federal Reserve Board, as usual, conferred with the Federal
advisory council at each of its meetings during the year.
The governors of the Federal reserve banks met in Washington on
April 27 and on November 30. At both conferences sessions were held
at which the board was in attendance.
ORGANIZATION, STAFF, AND EXPENDITURES

Mr. George R. James, of Tennessee, whose term of office as a member of the Federal Reserve Board expired on April 27, 1931, was
reappointed by the President for a 10-year term.
Mr. Wayland W. Magee, of Nebraska, was appointed by the President on May 5, 1931, as a member of the Federal Reserve Board, to



ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

23

fill the vacancy created by the death, on November 28, 1930, of Mr.
Edward H. Cunningham.
Mr. Floyd R. Harrison was appointed assistant to the governor of
the Federal Reserve Board on September 16, 1931.
Mr. Chester Morrill was appointed secretary of the Federal Reserve
Board on October 7, 1931, to fill the vacancy created by the resignation, on May 31, 1931, of Mr. Walter L. Eddy.
The total cost of conducting the work of the board during the year
1931 was approximately $744,275. Two assessments were levied
against the Federal reserve banks, aggregating $718,552.77, or less than
one-sixth of 1 per cent of their average paid-in capital and surplus for
the year.
125554—32




3

FEDERAL RESERVE BANK CREDIT




25

RESERVE BANK CREDIT AND FACTORS IN CHANGES
No. 1.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, ANNUAL

AVERAGES,

1918-1931
[Averages of daily figures. In millions of dollars]
Reserve bank credit outstanding

Year

1918-_
1919
1920.
1921
1922
1923
1924__
1925.
1926
1927-.
192819291930
1931...

United
States
Bills
Bills
dis- bought Government
counted
securities
1,134
1,906
2,523
1,797
571
736
372
481
568
442
840
951
272
326

287
324
385
91
159
227
172
287
281
263
328
241
213
245

134
254
324
264
455
186
402
359
350
417
297
208
564
669

Factors of
decrease*

Other
reserve
bank
credit 2

Total

Monetary
gold
stock

'168
141
158
46
41
56
50
68
59
53
40
59
38
34

1,723
2,625
3,390
2,198
1,226
1,205
996
1,195
1,258
1,175
1,505
1,459
1,087
1,274

3,158
3,129
2,869
3,291
3,802
4,061
4,439
4,381
4,452
4,564
4,206
4,283
4,460
4,704

Factors of increase *

Mem- NonTreasber
ury cur- Money bank memin cirrency cula- reserve ber
adbal- depostion
justed
ances its, etc.
1,477
1,251
1,401
1,501
1,604
1,736
1,757
1,755
1,743
1,774
1,783
1,785
1,781
1,774

4,658
5,016
5,478
4,950
4,535
4,822
4,879
4,869
4,932
4,892
4,783
4,763
4,532
4,959

1,497
1,719
1,835
1,671
1,781
1,873
2,023
2,167
2,209
2,290
2,355
2,358
2,379
2,323

108
115
67
28
30
27
27
31
28
31
29
30
28
97

* For explanation see Federal Reserve Bulletin for July, 1929, pp. 432-438.
'Includes Government overdrafts in 1918,1919, and 1920; see Table 6.




27

Unexpended
capital
funds

95
155
280
341
286
280
263
264
284
300
327
376
389
373

28

AHKITAL REPORT OF THE FEDERAL RESERVE BOARD

No. 2.—RESERVE

BANK CREDIT AND FACTORS IN CHANGES, MONTHLY AVERAGES,

1917-1931
[Averages of daily figures. In millions of dollars]
Reserve bank credit outstanding

Month

Bills Bills
discounted bought

1917—August
.___
September
October
November
December

Other
reserve
bank
credit2

134
181
320
563
683

Factors of
decrease l

Factors of increase1

Mem- Non- UnexTreasber
Mon- ury Money bank mem- pendcured
ber
Total etary rency in cir- regold
cula- serve
decapistock adtion
posits, tal
balusted
ances etc. funds
455
521
737
1,005
1,173

3,183
3,152
3,151
3,153
3,153

1,593
1,634
1,627
1,558
1,559

4,001
4,061
4,152
4,203
4,342

1,141
1,130
1,243
1,409
1,439

143
141
140
144
151
279
196
147
153
195
152
166

1,170
1,143
1,263
1,381
1,412
1,554
1,631
1,750
2,073
2,355
2,416
2,491

3,152 1,563
3,159 1,589
3,162 1,583
3,163 1,563
3,163 1,521
3,162 1,471
3,161 1,392
3,157 1,439
3,156 1,411
3,151 1,402
3,155 1,378
3,156 1,418

4,306
4,280
4,373
4,423
4,401
4,448
4,520
4,666
4,911
5,134
5,183
5,243

1,467
1,468
1,466
1,504
1,482
1,512
1,448
1,459
1,507
1,539
1,520
1,586

63
85
95
126
138
124
126
121
130
131
117

150
116
161
111
107
144
128
119
168
140
136
212

2,359
2,341
2,480
2,451
2,498
2,467
2,599
2,559
2,636
2,847
3,038
3,203

3,160
3,162
3,161
3,166
3,176
3,169
3,087
3,114
3,143
3,120
3,070
3,021

1,400
1,286
1,207
1,277
1,233
1,231
1,207
1,248
1,254
1,209
1,230
1,239

5,050
4,932
4,942
4,970
4,941
4,891
4,896
4,913

5,106
5,208
5,342

1,635
1,612
1,652
1,656
1,686
1,696
1,719
1,740
1,769
1,793
1,837
1,820

118
114
123
126
135
133
121
104
108
99
97
100

3,205 2,961
3,314
3,413 2,859
3,364 2,821
3,385 2,835
3,382 2,854
3,344 2,862
3,353 2,855
3,495 2,847
3,522 2,855
3,467 2,873
3,442 2,894

1,256
1,241
1,338
1,409
1,412
1,426
1,454
1,456
1,429
1,468
1,475
1,458

5,231
5,285
5,398
5,372
5,414
5,448
5,478
5,509
5,600
5,673
5,662
5,658

1,883
1,858
1,878
1,870
1,853
1,853
1,840
1,807
1,817
1,815
1,782
1,758

94
98
106
103
88
54
46
38
27
27
25

2,931 1,463
2,975 1,435
3,040 1,411
3,117 1,427
3,197 1,485
3,254 1,508
3,305 1,513
3,392 1,508
3,479 1,510
3,547 1,534
3,595 1,575
3,643 1,577

5,401
5,263
5, 204
5,078
5,042
4,936
4,857
4,771
4,752
4,721
4,673
4,718

1,773
1,728
1,694
1,665
1,657
1,664
1,639
1,621
1,629
1,652
1,663
1,673

24
26
31
34
32
31
27
26
27
26
28
27

4,527
1,326 3,672 1,551
962
1922—January
4,451
1,233 3,704 1,521
769
February
4,483
1,207 3,736 1,576
638
March
4,482
1,210 3,756 1,572
572
April
4,450
1,208 3,768 1,576
479
May.
4,429
1,192 3,776 1,600
437
June
1,170 3,803 1, 595 4,443
425
July
4,448
1,102 3,840 1,613
396
August
4,552
1,180 3,860 1,630
417
September
4,643
1,246 3,884 1,657
486
October
4,671
1,265 3,896 1,650
623
November
4,827
1,377 3,917 1,690
660
December
» For explanation see Federal Reserve Bulletin for July, 1929, pp. 432-438
2 Includes
 Government overdrafts in 1918, 1919, and 1920; see Table 6.
Back figures.—Not available Con monthly average basis) except for series shown
http://fraser.stlouisfed.org/

1,707
1,689
1,711
1,733
1,783
1,820
1,812
1,799
1,811
1,836
1,825
1,840

29
34
39
40
37
34
28
25
23
21
27
28

1918—January
February
March
April
May
Jane
July
August
September
October
November
December

612
529
537
751
897
939
1,162
1,333
1,604
1,683

1919—January.
February
March
April
May
June.
July.
August
September
October
November....
December

1,731
1,765
1,863
1,920
1,976
1,840
1,864
1,798
1,776
2,068
2,140
2,115

1,760
1,765

1920—January
February
March
April....I""
May

2,136
2,297
2,377
2,431
2,536
June
Ill 2,456
July
2,513
August
I 2,596
2,667
September
2,780
October
2,762
November
December."..! 2,718

1921—January
February
March...
April
May
June... _
July
!._._
August
September
October
November
December

2,523
2,400
2,297
2,129
1,959
1,811
1,719
1,548
1,442
1,371
1,228
1,180

Federal Reserve Bank of St. Louis

315
313
278
239
208
217
249
354
374
346

570
541
480
413
411
400
362
324
310
303
276
242

3,110
2,918
2,798
2,564
2,386
2,211
2,049
1,863
1,767
1,669
1,544
1,548

in Tables 7 and 8.

29

RESERVE BANK CREDIT

No. 2.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, MONTHLY AVERAGES,

1917-1931—Continued
[Averages of daily figures. In millions of dollars]
Reserve bank credit outstanding

Month

United
States
Bills Bills Govdis- bought ernment
counted
securities

Factors of
decrease

Factors of increase

Mem- Non- UnexTreasOther
ber
Mon- ury Money bank mem- i pendrecurber
ed
serve Total etary rency in cirregold
de- i capicula- serve
bank
stock adposits, ! tal
tion
credit
baljusted
ances etc. funds

June

JulyAugust..
September
October
November
December

547
608
628
658
705
741
834
809
845
873
799
771

218
190
234
272
271
224
186
175
174
185
265
324

421
356
316
229
193
153
97
90
102
91
83
106

63
51
50
55
53
60
62
53
63
55
57
59

1,249
1,205
1,228
1,214
1,222
1,178
1,179
1,127
1,184
1,204
1, 204
1,260

3,945
3,960
3,966
3,975
3,993
4,040
4,061
4,097
4,123
4,155
4,182
4,226

1,724
1,709
1,690
1,711
1,740
1,738
1,743
1,747
1,745
1, 753
1,757
1,771

4,679
4,672
4,713
4,731
4,764
4,779
4,812
4,833
4,901
4,941
4,953
5,071

1,918
1,901
1,873
1,869
1,874
1,867
1,867
1,835
1,848
1,864
1,875
1,882

46 ;
25 !
22
21
36
28
24
22
22
23
31
22

275
276
276
279
281
282
280
281
281
284
284
282

1924—January. _
February
March
April
May
June
July
August
September
October
November
December

574
514
476
489
433
370
315
268
262
240
228
301

300
273
228
170
80
50
44
30
92
180
268
358

118
135
244
274
324
416
467
539
575
585
588
554

49
33
42
48
42
50
53
44
54
52
51
75

1,041
955
990
981
879
886
879
881
983
1,057
1,135
1,288

4,266
4,302
4,340
4,383
4,433
4,471
4,503
4, 516
4,515
4,506
4,517
4,507

1,750
1,759
1,747
1,720
1,766
1,759
1,763
1,763
1,763
1,755
1,771
1,768

4, 847
4,832
4,870
4,886
4,866
4,830
4,810
4,800
4,853
4,891
4,970
5,088

1.911
1,892
1,915
1,905
1,922
2,001
2,046
2,072
2,120
2,141
2,164
2,182

25
22
22
23 |
24
21
28
33
31
27
30
32

274
270
270
270
266
264
261
255
257
259
259
261

1925—January.
February
March
April
May
June
July
August . . .
September
October. _ _.
November
December

267
340
390
403
397
437
480
545
594
619
597
688

329
314
298
287
279
263
231
205
226
298
352
369

464
384
376
355
361
345
338
329
335
328
332
359

65
56
58
65
63
73
69
64
72
76
71
91

1,125
1,094
1,122
1,110
1,100
1,118
1,118
1,143
1,227
1,321
1,352
1,507

4,468
4,392
4,340
4,340
4,353
4,360
4,361
4,372
4,386
4,391
4,407
4,397

1,765
1,778
1,782
1,769
1,762
1,744
1,764
1,742
1, 749
1,737
1,735
1,740

4,863
4,805
4,814
4,803
4,791
4,790
4,794
4,817
4, 908
4, 945
4,960
5,119

2,194
2,159
2,137
2,123
2,132
2,141
2,160
2,151
2,161
2,203
2,221
2,219

43
42
30
27
28
25
27
25
26
30
41
32

258
258
263
266
264
266
262
264
267
271
272
274

1926—January
February
March
April
May
June .
July
August
September
October _
November
December

520
526
557
537
511
473
549
555
640
663
615
668

324
305
268
234
232
243
230
245
265
295
348
385

368
335
336
371
398
408
380
353
316
306
302
322

67
52
55
62
59
61
62
50
57
58
63
70

1,279
1,218
1,216
1,204
1,200
1,185
1,221
1,203
1,278
1,322
1,318
1,445

1,744
1,719
1,707
1,722
1,744
1,771
1,753
1,755
1,750
1,746
1,755
1,749

4,891
4,854
4,864
4,882
4,871
4,881
4,916
4,912
4, 969
5,001
5,005
5,131

273
274
278
283
282
284
281
285
289
293
295
294

481
393
425
447
473
429
454
409
422
424
415
529

343
304
253
248
233
205
190
173
216
282
336
378

310
307
345
341
291
398
381
439
501
506
579
606

52
39
32
51
44
49
90
72
48
42
47
55

1,186
1,043
1,055
1,087
1,041
1,081
1,115
1,093
1,187
1,254
1,377
1,568

2,236
2,208
2,198
2,183
2,199
2,206
2,212
2,201
2,211
2,219
2,214
2,218
2,243
2,212
2,240
2,248
2,262
2,301
2,289
2,283
2,300
2,326
2,373
2,399

30
26
27
26
26
23
25
27
30
27
36
32

1927—January
February
March
April
May
June
July
August
September
October
November
December

4,407
4,425
4,444
4,448
4,434
4,438
4,460
4,467
4,471
4,472
4,477
4,481
4,527
4,576
4,595
4,601
4,651
4,606
4,575
4,585
4,584
4,566
4,490
4,416

33
26
23
23
39
34
33
30
30
34
44
27

294
295
298
299
299
298
297
296
300
302
304
306

1923—January
February
March.
April
May._




4,903
4,843
4,856
4,879
4,860
4,831
4,851
4,849
4,917
4, 934
4,936
1, 796 1 5,048
1,760
1,757
1,767
1,761
1,768
1,777
1,780
1,780
1,776
1,776
1,790

30

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 2.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, MONTHLY AVERAGES,

1917-1931—Continued
[Averages of dailyfigures.In millions of dollars]
Reserve bank credit outstanding

Month

Bills Bills
discounted bought

United
States
Government
securities

Factors of
decrease

Factors of increase

Mem- Non- UnexTreasber
Other
Mon- ury Money bank mem- pendrecurber
ed
serve Total etary rency in cir- regold
de- capiculabank
stock
adtal
tion serve posits,
credit
baljusted
etc. funds
ances

1928—January
February
March
April..
May..
_.
June
July..
August
September. _.
October
._
November
December

465
471
513
661
836
1,019
1,090
1,061
1,064
975
897
1,013

373
360
343
358
349
244
185
178
226
368
471
483

512
406
415
351
257
232
213
210
240
237
238
263

27
24
35
30
36
43
36
51
41
47
65

1,388
1,264
1,295
1,405
1,472
1,531
1,531
1,485
1,581
1,621
1,653
1,824

4,377
4,373
4,335
4,287
4,207
4,119
4,113
4,118
4,125
4,133
4,151
4,142

1,778
1,776
1,781
1,778
1,779
1,791
1,782
1,774
1,787
1,786
1,787
1,790

4,785
4,709
4,710
4,730
4,722
4,736
4,746
4,743
4,804
4,836
4,860
5,008

2,426
2,368
2,365
2,396
2,388
2,355
2,324
2,274
2,314
2,332
2,352
2,367

27
26
24
27
27
28
30
28
38
30
32
29

305
310
312
317
321
322
326
332
337
342
347
352

1929—January
February
March
April
May
June
_
July
August
September
October...
November
December

859
889
969
1,004
956
978
1,096
1,043
969
885
953
803

473
385
265
156
145
99
75
124
229
337
296
320

229
184
197
165
153
179
147
155
165
154
315
446

52
44
50
52
49
61
62
54
64
74
67
74

1,613
1,502
1,481
1,377
1,303
1,317
1,380
1,376
1,427
1,450
1,631
1,643

4,115
4,143
4,166
4,226
4,292
4,311
4,335
4,351
4,368
4,381
4,374
4,324

1,789
1,784
1,791
1,785
1,787
1,779
1,790
1,781
1,766
1,785
1,789
1,797

351
357
361
366
370
376
376
382
387
392
395
399

501
378
274
231
247
251
226
214
189
196
221
338

314
285
246
266
182
141
154
153
197
185
184
257

485
480
540
530
529
571
583
599
597
602
599
644

57
38
35
45
38
37
40
32
33
37
29
34

1,357
1,181
1,095
1,072
996
1,000
1,003
998
1,016
1,020
1,033
1,273

4,283
4,317
4,394
4,443
4,505
4,528
4,532
4,496
4,503
4,520
4, 553
4,583

1,784
1,781
1,797
1,781
1,779
1,775
1,789
1,787
1,785
1,787
1, 793
1,793

2,387
2,357
2,337
2,308
2,296
2,314
2,334
2,322
2,335
2,386
2,521
2,395
2,349
2,305
2,330
2,350
2,356
2,392
2,417
2,392
2,397
2,407
2,433
2,415

31
29
31
35
32
30
31
27
28
28
33
27

1930—January
February
March
April
May
June
July
August
September
October
November
December

4,748
4,686
4,709
4,679
4,684
4,687
4,764
4,777
4,811
4,810
4,845
4,943
4,652
4,554
4,532
4,518
4,497
4,489
4,483
4,476
4,493
4,501
4,528
4,823

29
27
27
28
29
27
35
28
26
27
30
27

394
393
397
400
398
395
389
385
388
392
388

1931—January
February
March
April
May
June
July
August
September
October
November
December

253
216
176
155
163
188
169
222
280
613
695
774

206
102
123
173
144
121
79
135
259
692
560
340

647
603
604
600
599
610
674
712
736
733
727

23
15
18
24
20
26
32
38
38
50
53
59

1,129
936
921
952
926
945
954
1,107
1,313
2,088
2,035
1,950

4,622
4,656
4,682
4,711
4,767
4,865
4,958
4,975
i 4,948
i 4,447
I 4,363
| 4,450

1,784
1,780
1,778
1,770
1,783
1,759
1,784
1,764
1,768
1,768
1,766
1,782

4,695
4,598
4,590
4,647
4,679
4,750
4,836
4,947
5,133
5,478
5,518
5,611

2,433
2,370
2,386
2,376
2,387
2,404
2,407
2,345
2,333
2,256
2,118
2,069

28
25
24
27
28
35
83
187
199
208
171
144

379
379
381
383
382
380
370
367
364
361
357
358




31

RESERVE BANK CREDIT
No. 3.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, WEEKLY

AVERAGES

[Average of daily figures. In millions of dollars.]
Factors of
decrease*

Reserve bank credit outstanding
Week ending (Saturday)—

Bills
Bills
discounted b o u g h t

United
States Other
Gov- reserve
ernbank
ment credit
securities

Factors of increase *

TreasMem- Nonury Money bermem- Unexcurin
bank
ber pended
rency circu- reserve
decapital
adlation
bal- posits, funds
justed
ances
etc.

Total

Monetary
gold
stock

1,386
1,274
1,121
1,032
976

4,592
4,606
4,625
4,631
4.636

1,785
1,785
1,782
1,785
1,784

4,909
4,809
4,683
4,621
4,581

2,446
2.447
2,440
2, 421
2,411

29
31
26
25

379
3S0
379

1931
Jan.3
Jan. 10
Jan.17
Jan.24 _
Jan.31

327
290
245
231
224

327
276
207
156
127

701
673
643
628

615

31
35
26
17
10

Feb.7
Feb. 14
Feb. 21 _
Feb. 28

231
231
208
193

109
92
102
105

610
607
599
599

14
15
16
14

964
945
925
911

4,648
4,652
4,661
4,663

1,776
1,783
1,780
1,781

4,599
4, 605
4, 590
4,596

2, 386
2,367
2, 372
2,357

24
28
24
23

379
380
380
379

Mar. 7
Mar. 14
Mar. 21
Mar. 28

199
179
166
157

114
147
123
108

600
602
611
605

19
19
16
14

932
947
916
884

4,671
4,678
4,685
4,687

1,765
1,768
1,810
1,782

4,601
4,587
4,588
4,577

2,364
2,404
2,413
2, 370

23
23
26
24

380
379
384
382

Apr. 4
Apr. 11
Apr. 18
Apr. 25

188
153
147
145

158
184
172
164

602
600
600
599

28
21
28
25

976
958
947
933

4, 6J9
4,705
4,711
4,713

1,752
1,764
1,780
1,776

4, 638
4,647
4, 648
4, 645

2, 380
2, 372
2,378
2,367

27
26
28
27

382
382
384
383

May 2
May 9
May 16
May 23
May 30

162
168
154
161
160

159
174
145
131
126

598
599
598
598
598

20
26
24
19
15

939
967
921
919
899

4,727
4,743
4,761
4,774
4,794

1,773
1,783
1,775
1,787
1,784

4, 655
4,695
4,670
4,671
4,670

2 ; 373
2,386
2,378
2,392
2,399

28
30
27
26
27

383
382
382
381
381

178
185
197
198

135
131
118
108

598
600
601
617

22
21
31
34

933
937
947
957

4,797
4,808
4.884
4,925

1,758
1.794
1,764
1,731

4,694
4, 736
4,773
4,765

2,384
2, 394
2,407
2,429

29
27
34
40

381
382
381
379

158
162
167
177

103
93
74
67

662
665
677
679

40
39
36
21

963
959
954
944

4,955
4,963
4,963
4,956

1,765
1,788
1,781
1,781

4,849
4,860
4, 830
4,817

2,400
2,416
2, 418
2, 405

01
63
81
89

373
371
369
370

185
208
209
227
241

66
71
125
150
181

678
681
712
728
728

24
30
38
34
44

953
990
1,084
1,139
1,194

4,951
4,955
4,969
4,982
4,991

1,788
1,787
1,778
1,769
1, 729

4,812
4, 873
4,918
4,969
5,013

2,388
2, 336
2,344
2, 358
2,336

123
201
107
200

369
368
368
366
30£

Sept. 5
Sept. 12
Sept. 19
Sept. 26

259
266
269
298

206
204
212
312

728
728
741
738

43
34
43
34

1,236
1,232
1, 265
1,382

4,996
5,001
5,013
4,888

1,743
1,761
1,790
1,770

5, 060
5,105
5, 108
5,176

2,349
2,296
2,371
2,317

202
230
222
183

364
363
367
364

Oct. 3
Oct. 10
Oct. 17
Oct. 24
Oct. 31

349
489
639
704
713

458
603
745
768
726

746
742
731
728
727

43
46
54
55
46

1,596
1,880
2,169
2, 255
2,212

1,766
1,765
1,773
1, 769
1,762

5,281
5,437
5,495
5, 524
5,512

2,328
2 272
2, 265
2,260
2,202

128
103
263
218
190

363
359
361
361
358

717
694
671
691

646
595
542
487

726
727
727
727

52
57
55
49

2,141
2,073
1, 995
1,954

4,738
4,616
4,442
4, 339
4,288
4,318
4,347
4,371
4,402

1, 761
1,755
1,770
1,773

5, 552
5, 535
5,497
5,486

2,132
2,117
2,116
2,114

181
167
167
171

355
356
356
358

743
738
718
842

435
385
319
281

718
721
853
796

49
53
59
72

1,945
1,897
1,949
1,991

4,423
4,438
4,455
4,467

1,772
1,777
1,804
1,786

5
5,
5,
5,

2,091
2, 079
2, 108
2,013

Hif,
149
143
145

857

June
June
June
June

6
13
20
27

.

July 4
July 11
July 18
July 25
Aug. 1
Aug. 8
Aug. 15
Aug. 22
Aug. 29

Nov.
Nov.
Nov.
Nov.

7
14
21
28

Dec 5
Dec. 12
Dec. 19
Dec. 26

_

_

1

i For explanation see Federal Reserve Bulletin for July, 1929, pp. 432-438.
Back figures.—See Annual Reports for 1930 (Table 3) and 1929 (Table S).




527
521)
599
727

379
378

359

32

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 4.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, BY WEEKS (WEDNES-

DAY SERIES), 1927-1931
[In millions of dollars]
Factors of
decrease 1

Reserve bank credit outstanding

Date
(Wednesday)

TreasStates Other
Mone- ury
Bills Bills Govern- Ireserve
curtary
disment bank Total gold rency
counted bought securi- j credit
stock adjusted
ties
United j

Factors of increase l

Money in
circulation

Unexpended capital
funds, nonmember
Memdeposits, etc.
ber
bank
reserve
Non- Unexbalmem- pendances Total ber de- ed
posits, capital
funds
etc.

1927
5
12
19___.
28

(533
490
416
365

389
338
337
302

314
311
313
303

1,414
1,189
1,125
999

4,497
4, 520
4,535
4,550

1,784 | 4,-999
1,761 I 4,875
1,740 ! 4,825
1, 757 4, 795

2,352
2,274
2,243
2, 192

344
321
332
319

51
27
38
25

293
294
294
294

Feb. 2.__.
Feb. 9
Feb. lfi...
Feb. 23
Mar. 2 _
Mar. 9....
Mar. 10
Mar. 23
Mar. 30

393
379
396
398

329
303
315
280

304
305
312
305

1,062
1,017
1, 075
996

4,560
4,572
4,577
4, 585

1,747
1,759
1,761
1,752

4,809
4, 810
4, 804
4,850

2,242
2,221
2,289
2,166

318
317
320
317

23
23
25
21

294
294
295
295

435
416
331
457
456

289
265
219
231
237

311
307
475
342
353

1,077
1,017
1,058
1, 054
1, 073

4,587
4, 593
4,595
4,600
4, 597

1,739
1,768
1,791
1,790
1,755

4,854
4,836
4, 826
4,822
4, 832

2,231
2, 221
2,295
2,300
2,274

318
321
323
322
319

23
24
25
23
21

295
297
298
298
298

Apr.
Apr.
Apr.
Apr.

6
13
20
27

402
426
414
444

239
257
247
242

342 I
355 '
333
318:

50 1,033
44 i 1,082
49 1,043
37 1,041

4,600
4,600
4,604
4,605

1,777
1,766
1,758
1,765

4, 860
4, 865
4, 836
4,821

2,232
2,265
2, 250
2, 270

318
318
319
320

20
20
21
20

298
298
299
299

May
May
May
May

4
11
18
25

508
442 !
458
429

244
233
225
236

316
254
269
322

i
|
|
|

57
42
47
32

1, 125
971
999
1, 019

4, 612
4,685
4, 684
4,627

1, 778
4, 840
1,779 i 4,828
1,763
4,819
1, 765
4, 810

2,326
2,271
2.295
2,268

349
336
332
333

50
37
33
34

299
300
299
300

June 1
JuneS
June 15
June 22
June 29

497
399
361
439
477

229
222
183
183
216

362 !
438
547
369
376

38
38
57
53
52

1, 126
1, 097
1,148
1,044
1, 121

4,607
4,612
4, 620
4,602
4, 589

1,773
1,764
1,794
1,767
1, 768

4,866
4,812
4, 794
4,775
4, 805

2,308
2,331
2,421
2,307
2, 342

332
330
347
331
331

33
31
47
31
31

299
298
300
300
300

July 6___
July 1 3 . .
July 20__
July 27_.

507
428
403
398

199
193
185
169

374
378
386
385

86
105
91
76

1,166
1,102
1,065
1,028

4, 579
4, 569
4, 572
4,578

1,782
1,782
1,777
1,778

4,897
4,809
4,786
4,776

2,297
2, 315
2,301
2,282

333
329
327
326

36
33
30
30

297
296
297
297

Aug.
Aug.
Aug.
Aug.
Aug.

3___
10_.
17..
24__
31..

445
413
390
414
401

178
176
171
179
185

407
420
442
445
473

95
80
81
55
43

1,125
1, 089
1, 084
1,093
1, 102

4,579
4,584
4,586
4, 588
4,588

1,783
1,783
1,776
1, 775
1,788

4,811
4, 815
4,824
4,825
4,854

2,350
2,315
2,295
2,306
2,299

326
326
327
325
325

30
29
31
29
30

296
297
296
296
295

Sept. 7 . .
...
Sept. 14...
Sept. 21...
Sept. 28...

449
375
415
430

197
227
219
242

499
500
484
494

49
66
39
35

1,194
1,168
1, 157
1,201

4, 597
4,586
4,585
4,577

1,769
1,776
1,772
1,768

4,919
4,881
4,874
4, 878

2,318
2,325
2,311
2,337

323
324
329
331

29
30
29

294
294
300
302

Oct.
Oct.
Oct.
Oct.

462
430
418
402 |

262
274
283
301

505
510
500
511

43 1,272 j 4, 573
54 i 1, 268 : 573
4,
56 ! 1,257 I 4, 574
24 | 1, 238 I4,553

1,755
1, 787
1,790
1,773

4,910
4,934
4, 897
4,876

2,360
2,324
2,384
2, 352

330
370 j
340 !
336 j

32

33."
336

N o . . 2i .
X o \ . ,J0

{27
355

1,792
1,777
1, 803
1, 801
1,767

4, 905
4, 929
4, 891
4,925
4,918

2,362
2, 369
2,500
2,393
2.. 379

338
336
366
343
337

36
32
63
39
33

303
303
303
305

177

528
530
705
621
548

42 i

\«)\ . 9.

379 '
461

D.c. 7

411

604
598
588
003

30
51
98
41

1, 458
4, 438 1, 804
1,528
4,418
1,804
1,630
4,404
1, 785
1, 639 i 4, 385 3,782

4, 970
5,000
5, 095
5,043

2,397
2,419
2,394
2,432

333
331
330
331

28
25
24
25

305
305
306
306

Jan.
Jan.
Jan.
Jan.

!

\u\.

5._..
12__
19-25..

hi

no-. i \
D e c . LM

Dvv 2>
1

5 SO
{SI
'••)')

GO.) i

1,282 4.531
19 i 1,346 : 4, 511
61 1,467 ' 4, 487
' 4 1,400 4,460
'
30 1,416 4, 451

For explanation see Federal Keserve Bulletin for July, 1929, p p . 432-438.




1 29
29
68
37

302
302
303
304

33

RESERVE BANK CREDIT

No. 4.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, BY WEEKS (WEDNES-

DAY SERIES), 1927-1931—Continued
[In millions of dollars]
Reserve bank credit outstanding

Date
^Wednesday)

United
States
Bills Governbought rnent
securities

Factors of
decrease

Other
Moneeserve Total tary
gold
bank
stock
credit

Factors of increase

Unexpended capital
funds, nonmembei
deposits, etc

Money in
circulation

1928
Jan. 4
Jan.11__.
Jan.18._Jan. 25-_.

521
439
412
385

387
393
369
347

627
545
499
441

69
37
30
21

4,379
4,381
4,377
4,380

1, 779
1,787
1,778
1,774

Feb.
Feb.
Feb.
Feb.
Feb.

423
459
481
461
493

377
369
355
353
344

434
401
408
402
408

29 1, 263 4,374
26 1, 255 4, 375
22 1, 266 4, 376
20 1,236 4,376
19 1, 264 4,361

472
477
524

338
343
333
346

403
401
385
386

601
619
620
709

344
362
351
366

May 2...
May 9-_.
May 16May 23May 29..

757
777
807
847
944

June 6...
June 13..
June 20-.
June 27.

Non- Unexmem- pendrotal ber de- ed
posits, capital
etc.
funds
486
2.473
\ 432
2, 355

337
330
332

1,771
1,775
1,774
1,779
1,775

4, 939
4,779
4,701
4,659
4, 671
4, 676
4,688
4,698
4, 691

2, 405
2, 395
391
2; 357
2, 375

30 1, 253 4, 362
29 1,245 I 4,335
18 1,213 } 4,320
17 1,273 | 4,308

1, 769
1, 785
1, 793
1,779

4,687
4,670
4, 666
4,667

383
378
341
305

37
27
44
20

1,365 I 4,304
1,386 I 4,302
1,356 j 4,270
1,400
4,266

1,794
1,784
1, 799
1, 769

363
365
347
331
304

292
277
262
230
219

42
35
39
27
21

4,715
4,697
4, 690
4, 675
4, 721

1,043
991
1,032

266
240
224
223

210
223
223
212

1, 454 4, 265 1,787
1,454 ! 4,235 1,780
1. 455 I 4,185 1,779
1,435 ! 4,178 1,778
1,488 ! 4,161 1,778
|
1, 504 I 4,147 1, 782
1, 546 | 4,104 1,787
1,471 ! 4,105 1,806
1,494 4,103 1,*799

July3-.-.
July 11_ _.
July 18. _
July 25._.

1,191
1,089
1,012
1,025

210
188
181
169

220
218
209
208

1,680 4,110
1,542 j 4,115
1,448 4,114
1,430 ! 4,115

4,808
4,729
4,689
4, ~

Aug.
Aug.
Aug.
Aug.
Aug.

1,086
1,061
1,003
1, 037
1,039

166
162
190
184
184

212
208
206
207
209

1, 505
1,453
1, 447
1, 460
1,462

4.113
4.114
4,119
4,120

Sept. 5 —
Sept. 12-.
Sept. 19-.
Sept. 26_.

1, (
1><
1,094
1,011

187
211
237
263

206
221
225
229

1,516
1, 556
1, 626
1,542

4,123 1,792 ! 4,801 2, 273
4.124 1,795 i 4,761 2, 349
4,125 1,757 ! 4,757 2, 3GI
4,129 | 1, 792 I 4, 770
2,316

357
365
390
377

Oct.
Oct.
Oct.
Oct.
Oct.

3___
10-17. _
24__
31.-

1,026
993
936
912
932

310
332
379
401
440

231
227
231
231
227

1, 631
1,586
1,606
1, 569
1,624

2, 350
4,125 1,772 4,!
4,129 1, 799 4,832 2, 313
4,136 1,800 4, 813 2,359
4,140 1,775 4,791 2, 322
4,142 1,779 4,802 2,371

371
369
370
371
372

Nov.
Nov.
Nov.
Nov.

7—.
1421..
28-

957
858
800
990

449
474
484
482

223
222
296
229

1,634
1, 615
1,558
1, 729

4,145
4,156
4,159
4,128

1, 774 4 1
,
1,787 I 4,820
1,798 i 4,795
1, 781 4, 903

2,330
2, 365
2, 346
2,361

376
373
374
374

Dec.
Dec.
Dec
Dec.

5—
12—
19. _
26-

1,012
1,028
947
1,168

478
494
453
489

227
236
291
232 I

1,762
1,804
1,772
1,941

4,134
4,139
4,150
4,149

1,774 4,913
1, 778 4,935
1,806 5, 025
1,793 i 5,089

2,382
2,409
2, 326
2,409

375
377
377
385

1 —
8—
15—
22__.
29—

Mar. 7—..
Mar. 14—
Mar. 21 —
Mar. 28-..
Apr. 4__.
Apr. 1 1 Apr. 18—
Apr. 25—

I.-..
8—.
15—
22_.
29_.




1,604
1,414
1,310
1,194

1,780
1,794
1,791
1,774

1,774
1,761
1, 797
1,785
4, 124 1, 776

334 |

35
27
25
25

302
303
307
301

332
334
337
336
334

23
24
26
24
23

301
311
311
3U
31 1

2,361
2,362
2,322
2, 357

336
333
338
336

24
22
23
22

311
311
31,
31-

4, 725 2, 400
4, 697
432
4,691 2, 392
4,676 2,417

338
343
342
342

24
27
25
24

31/
31(

2,442
2,426
2, 382
2,370
2,357

349
346
347
346
349

32
27
26
25
27

31
31
32
32
32

4,703 2, 384
4, 695 2, 392
4.693
4; 698 2, 345

346
350
357
353

23
27
31
26

32
32
32
32

2,403
2, 365
2,307
2,300

359
357
357
354

34
30
29
26

32
32

4, 690 2, 344
4,705 2,266
4, 717 2, 285
4,723 2, 281
! 4, 7302, 269

358
357
361
361
363

29
27
29
28
29

32
33
33
33
33

sr

31*

32

348
350
352
355

34

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 4,.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, BY WEEKS (WEDNES-

DAY SERIES), 1927-1931—Continued
[In millions of dollars]
Reserve bank credit outstanding

Date
(Wednesday)

1929
Jan. 2.....
Jan. 9-_Jan. 16...
Jan. 23...
Jan. 30...

Factors of
decrease

United
TreasMone- ury
States Other
Bills Bills Govern- reserve
tary
curdisment bank Total gold rency
counted bought securi- credit
stock adjusted
ties

i

Factors of increase

Money in
circulation

Unexpended capital
funds, nonmember
Memdeposits, etc.
ber
bank
reserve
Non- Unexbalmem- pendances Total ber de- ed
posits, capital
etc. funds

1,151
877
822
782
821

484
477
481
454
436

244
239
238
202
202

1,910
1,638
1, 604
34 1,472
1,485

4,127
4,120
4,108
4,117
4,128

1,777
1,792
1,783
1,791
1,789

4,933
4,762
4; 697
4,643
4, 630

2,494
2, 405
2, 415
2, 359
2,391

387
383
383
378
381

39
33
32
26
28

350
351
352
353

6....
13...
20...
27...

852
904
865
952

411
391
356
334

200
177
173
166

1, 500
1,487
1,431
1,484

4,127
4,150
4,151
4,154

1,782
1,790
1, 789
1,781

4,640
4,672
4, 669
4,670

2, 386
2,372
2,319
2,367

383
383
383
382

28
28
27
25

355
355
356
357

Mar. 6...
Mar. 13..
Mar. 20..
Mar. 27..

989
956
943
1,024

305
283
237
208

163
165
185
170

1,501
1,453
1,401
1,429

4jl58
4,160
4,170
4,174

1,772
1,802
1.811
1,787

4,691
4, 665
4, 654
4,667

2,350
2,363
2,340
2,332

390
387
388
391

30
26
26
28

360
361
362
363

Apr. 3-..
Apr. 10.
Apr. 17.
Apr. 24..

1,030
964
994
975

175
157
141
141

169
166
161
150

1, 425
1, 315
1. 349
1,298

4,188
4,221
4,235
4,245

1,791
1,806
1,762
1,775

4,674
4,642
4,646
4, 631

2,335
2,302
2,302
2,290

395
398
398
397

30
33
32
29

365
365
366
368

986
962
915
904

170
157
146
138
118

151
149
156
153
145

59
46
52
28
36

1,366
1,314
1,269
1,223
1,287

4,266
4,289
4,299
4,300
4,302

1,773
1,778
1,799
1,787
1,794

4,661
4,651
4,645
4,635
4,695

2, 336
2,330
2,320
2,276
2,286

408
400
402
399
402

41
31
32
29
30

367
369
370
370
372

28
29
30
27

375
375
375
378

Feb.
Feb.
Feb.
Feb.

May
May
May
May
May

1...
S.15..
22..
29.

June
June
June
June

5_.._
12. _
19. _
26._

977
934
959
1,017

113
114
87
83

147
170
139
150

66
50
67
.4
4

1,303
1,268
1,252
1,294

4, 303
4,305
4,314
4,327

1, 785
1,795
1,766
1,764

4, 667 2,321
4, 636 2,328
4.635 2,292
4,636

2,344

403
404
405
405

July 3___
July 10__
July 17. _
July 2 1 . .
July 31_-

1,125
1, 153
1,084
1, 064
1,076

74
66
68
69
75

141
136
153
146
147

91
55
66
50
49

1,431
1,410
1,371
1,329
1,347

4,331
4,328
4,340
4,346
4,341

1, 792
1,784
1,797
1,789
1,788

4,766
4,817
4,749
4,704
4,717

2,380
2,303
2, 352
2,357
2,355

408
402
407
403
404

34
29
29
28
28

374
373
378
375
376

Aug. 7...
Aug. 14..
Aug. 21._
Aug. 28..

1,064
1,028
986
974

79
118
132
157

158
154
149
145

52
52
42
41

1, 353
1,352
1,309
1,317

4,347
4,350
4,353
4,359

1,773
1,783
1,782
1,787

4,741
4,745
4,744
4,748

2,323
2,330
2,292
2,306

409
410
408
409

30
28
27
25

379
382
381
384

Sept. 4
Sept. 11..

1,046
973
934 |
944

182
222
241
264

149
159
178
152

55
60
60
51

1,432
1,414
1,413
1,411

4,363
4,364
4,369
4,375

1,765
1,787
1,785
1,738

4,829
4,791
4,764
4,744

2,320
2,360
2,381
2,364

411
414
422
416

25
26
34
26

386
388
388
390

146
141
138
136
293

80
54
110
63
56

1,480
1,385
1,457
1,374
1,680

4,374
4,378
4,379
4,386
4,385

1,750
1,781
1,781
1,791
1,795

4,789
4,788
4,789
4,752
4,789

2,399
2,339
2,408
2,378
2,652

416
417
420
421
419

27
26

27

391
393
393

Sept. 18...
Sept. 25...
Oct. 2__.
Oct. 9_._
Oct. 16. _
Oct. 23._
Oct. 30..

931
857
849
796
991 I

323
333
360
379
340

Nov. 6__
..

Nov. 13....
Nov. 20...
Nov. 27...

991
971
900
912

330
300
284
257

!
i
|
;

293
313
327
326

40
86
53
27

1,654
1,670
1,564
1,522

4,380
4,375
,4,374
4,366

1,782
1,805
1,778
1,766

4,830
4,820
4, 777
4,856

2,558
2,608
2,518
2,376

428
422
421
422

34
27
25
26

394
395
396
396

Dec. 4...
Dec. 11..
Dec. 18_.
Dec. 24..
Dec. 31....

872
769
737
763
632

257
322
309
355
392

!
!
|
i
1

355 I 57
387
533
485
120
511
47

1, 541
1,526
1,642
1,723
1,582

4,369
4, 354
4,321
4,294
4,284

1,781
1,807
1,811
1,788
1,778

4,867
4,869
4,937
5,059
4,866

2,401
2,397
2,408
2,320
2,355

423
421
429
426
423 1

26
25
28
24
30

397
396
401
402
393




28
26

35

RESERVE BANK CREDIT

No. 4.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, BY WEEKS (WEDNES-

DAY SERIES), 1927-1931—Continued
[In millions of dollars]
Reserve bank credit outstanding

Date
(Wednesday)

Factors of
decrease

United I
States Other
Bills Bills Govern- |reserve
dis- bought ment \ bank
counted
securi- credit
ties

Factors of increase

Treasury
currency
ad-

lation

Money in
circu-

usted

Unexpended capital
funds, nonmember
Memdeposits, etc
ber
bank
reserve
Non- Unexbalmem- pendances Total ber de- ed
posits, capital
etc.
funds

1930
Jan. 8
Jan.15
Jan. 22
Jan. 29

568
442
433
407

319
323
298
258

485
479
477
477

1,420
1,301
1,269
1,171

4,277
4,283
4,284
4,289

1,784
1,793
1,782
1, 775

4,690
4, 596
4,553
4,508

2,367
2,358
2,360
2,308

424
423
422
419

31
30
29
26

393
393
393
393

Feb.5
Feb. 12
Feb. 19
Feb. 26

381
382
377
343

296
276
281
299

478
479
481
483

1,194
1,200
1,169
1,156

4, 302
4,310
4, 329
4, 345

1,786
1,803
1,758
1,768

4, 525
4,542
4,521
4,505

2,339
2,308
2,315
2,346

418
463
420
418

25
70
27
25

393
393
393
393

Mar.
Mar.
Mar.
Mar.

309
266
206
207

271
257
185
256

514
561
529

1,105
1,068
983
1,025

4,360
4,384
4,405
4,420

1,799
1,816
1,806
1,790

4,528
4, 495
4,481
4,467

2,315
2,354
2,291
2,340

421
419
422
428

27
26
26
28

394
393
396
400

Apr. 2...
Apr. 9__.
Apr. 16..
Apr. 23..
Apr. 30..

241
226
214
211
233

301
267
302
257
210

530
527
535
527
530

1,124
1,047
1,099
1.030
1,006

4,424
4,435
4,438
4.445
4,491

1,774
1.781
1, 775
1,773
1,791

4,518
4,495
4, 505
4,461
4,477

2,375
2,345
2,380
2,363
2,385

429
423
427
424
426

29
25
26
24
27

400
398
401
400
399

May
May
May
May

237
210
210
247

175
171
187
176

528
528
528
530

979
952
953
976

4,496
4,502
4, 514
4, 516

1,777
1,800
1, 772
1,766

4,474
4,446
4,437
4,491

2,349
2,379
2,374
2,347

429
429
428
420

30
29
28
24

399
400
400
397

June 4...
June 11-.
June 18_June 25-.

240
210
207
232

189
148
133
102

1,004
974
961
936

4,523
4, 526
4,529
4,533

1,782
1,786
1,791
1,766

4,476
4,459
4,450
4,426

2,412
2,409
2,408
2,386

421
418
423
423

25
24
27
27

396
394
396
396

July
July
July
July
July

2
9
16
23
30

260
236
207
191
197

157
149
169
151
131

544
579
598
577
596
591
577
576
576

1,070
1,012
1,000
946
927

4,536
4,536
4, 540
4, 523
4,516

1, 786
1,781
1, 796
1, 793
1,785

4,553
4, 488
4.447
4,407
4,397

2, 406
2,417
2,460
2,432
2, 415

433
424
429
423
416

42
34
39
34
28

391
390
390
389
388

Aug.
Aug.
Aug.
Aug.

6
13
20
27

206
191
196
193

134
154
159
163

576
606
602
602

940
982
986
984

4,494
4, 489
4,493
4,504

1,782
1,787
1,788
1,790

4,437
4, 437
4,442
4,448

2, 364
2,400
2,414
2,419

415
421
411
411

28
35
25
25

387
386
386
386

Sept.
Sept.
Sept.
Sept.

3
10
17
24

231
183
163
167

170
193
209
198

602
602
610
602

1,041
1,008
1,008
991

1,775
1,794
1,816
1,770

4, 511
4,465
4, 459
4,436

2, 393
2,428
2,456
2,416

412
413
417
410

27
27
26
25

385
386
301
391

186
173
210
192
202

193
211
185
177
166

601
600
602
602
601

1,010
1,012
1,044
992
985

4,500
4,504
4, 508
4, 507
4,511
4,514
4, 519
4,523
4,533

1, 782
1,784
1, 796
1,788
1,791

4,492
4, 487
4,500
4,450
4,426

2, 394
2,408
2,440
2,437
2,468

417
415
419
416
415

25
25
28
25
25

392
390
391
391
390

213
192
205
234

186
207
178
176

602
601
596
596

1,010
1,035
1, 003
1,028

4,534
4, 549
4,556
4,566

1, 779
1,798
1,783
1,787

4,491
4,477
4,482
4,565

2,410
2, 490
2, 449
2, 410

422
415
411
406

32
25
28
24

390
390
383
382

251
257
331
448
251

219
244
252
260
364

602
617
692
642
729

1,108
1,134
1,297
1,425
1,373

4,572
4,576
4,584
4,589
4,593

1,772
1,804
1,822
1,775
1,798

4,615
4,656
4,837
5,014
4, 889

2,424
2,448
2,455
2,367

413
410
411
408
404

26
26
26
24
28

387
384
385
384
376

Oct.
Oct.
Oct.
Oct.
Oct.

5
12
19
26

7...
14..
21..
28-

1
8
15
22
29

Nov.
Nov.
Nov.
Nov.

5
12. _
19
26

Dec.
Dec.
Dec.
Dec.
Dec.

3
10
17
24
31




2,471 j

36

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 4.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, BY W E E K S (WEDNES-

DAY SERIES), 1927-1931—Continued
[In millions of dollars]

Reserve bank credit outstanding

Date
(Wednesday)

Factors of
decrease

Factors of increase

Unexpended capital
funds, nonmember
United
Memdeposits, etc.
TreasStates Other
ber
MonMone- ury
Governey in bank
tary
curment bank Total gold rency circu- reserve
Non- Unexstock
lation balsecuri- credit
admem- pendances Total ber de- ed
ties
justed
posits, capital
etc. funds

Bills

Jan.
Jan.
Jan.
Jan.

1931
7
14
21
28

292
243
230
215

265
196
152
120

659
644
625
610

1,248
1,111
1,020
956

4,602
4,625
4,631
4,637

1,784
1,781
1,788
1,781

4,782
4,649
4,593
4,544

2,444
2,464
2,441
2,425

408
404
405
405

377
378
380
380

Feb.
Feb.
Feb.
Feb.

4
11
18
25

223
222
200
190

104
88
94
106

610
610
600
599

949
929
905
904

4,649
4,651
4,661
4,663

1,761
1,782
1,778
1,784

4, 576
4,594
4,560
4,569

2,379
2,365
2,380
2,378

404
403
404
404

380
379
376
381

Mar.
Mar.
Mar.
Mar.

4
11
18
25

191
173
162
165

101
151
122
83

600
605
618
599

908
942
907
858

4,672
4,677
4,685

1,762
1,772
1,816
1,765

4,575
4,554
4,562
4,547

2,365
2,436
2,436
2,357

402
401
410
408

380
379
384
384

Apr.
Apr.
Apr.
Apr.
Apr.

1__.
8...
15..
22...
29...

164
143
132
135
155

167
172
131
152
170

598
599
599
599

943
929
895
911

4,703
4,710
4,713
4,721

1,778
1,775
1,789
1,778
1,779

4,620
4,612
4,623
4,612
4,621

2,392
2,389
2,356
2,380

407
406
415
410
407

382
382
384
384
383

May6_.
May 13.
May 20_
May 27-

150
145
149
153

194
153
131
125

598
598
599
598

967
918

4,743
4,766
4,772
4,795

1,783
1,773
1,792
1,787

4,663
4,627
4,639
4,634

2,418
2,421
2,411
2,425

412
409
408
409

26
27

383
383
382
382

June 3-_.
June 1CL.
June 17_.
June 24 _

173
185
185

134
127
107
106

598
599
599
619

929
907
960

4,793
4,803
4,893
4,915

1,748
1,799
1,764
1,734

4,673
4,723
4,756
4,733

2,389
2,399
2,401
2,457

417
409
407
419

37
28
28
40

380
381
379
379

July 1
July 8...
July 15
July 22.
July29

150
162
162
182
183

103
92
70
67
67

663
668
678
678
678

950
960
951
942
945

4,956
4,964
4,959
4,951
4,953

1,765
1,794
1,789
1,787
1,792

4,841
4,836
4,808
4,795
4,780

2,389
2,440
2,436
2,432
2,415

441
442
455
453
495

70
72
87
85
126

371
370
368
368
369

Aug.
Aug.
Aug.
Aug.

195
231
242

136
155
181

681
728
728
728

967
1,105
1,141
1,199

4,955
4,964
4,983
4,992

1,793
1,790
1,771
1,720

4,849
4,890
4,952
4,994

2,339
2,393
2,382
2,342

527
576
561
575

159
209
195
210

367
366
365

257
260
263
310
328

198
218
243

728
728
742
738
742

1,221
1,216
1,279
1,315
1,578

4,999
5,001
5,016
4,897
4,741

1,758
1,762
1,800
1,781
1,774

5,036
5,092
5,088
5,164
5,246

2,374
2,290
2,418
2,280
2,364

568
597
589
549
483

203
233
224
186
120

365
364
365
363
363

5
12
19
26

Sept.
Sept.
Sept.
Sept.
Sept.

2
9
16
23
30

Oct.
Oct.
Oct.
Oct.

7
14_
21
28

463
628
698
717

581
730
769
725

738
727
727
727

1,839
2,125
2,238
2,211

4,642
4,424
4,337
4,289

1,765
1,775
1,774
1,761

5,431
5,473
5,505
5,481

2,277
2,223
2,276
2,229

538
628
568
551

178
269
207
192

360
359
361
359

Nov.
Nov.
Nov.
Nov.

4
11
18
25

705
684
662

642
597
534
480

728
727
727
727

2,109
2,064
1,972
1,941

4,312
4,347
4,371
4,408

1,768
1,747
1,775
1,775

5,545
5,519
5,473
5,479

2,122
2,099
2,124
2,117

522
540
521
528

167
185
165
170

355
355
356
358

Dec.
Dec.
Dec.
Dec.
Dec.

2
9
16
23
30

718
725
698
911
1,024

423
389
307
257
327

717
717
906
758
803

1,905
1,880
1,974
2,006
2,202

4,420
4,440
4,458
4,465
4,458

1,780
1,775
1,811
1,760
1,761

5,511
5,509
5,578
5,733
5,632

2,073
2,086
2,168
2,001
2,323

521
500
497
497
466

163
145
138
138
107

358
355
359
359
359




37

RESERVE BANK CREDIT
No.

5.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, END OF MONTH

SERIES, 1927-1931
[In millions of dollars]
Reserve bank credit outstanding

Date

1927
January
February...
March
April
May
June
July
August
September..
October
November. _
December. .
1928
January
February.. _
March
April
May
June
July
August
September..
October
November. _
December. _
1929
January
February. __
March
April
May
June
___
Juiy
August
September. _
October
November..
December. _
1930
January
February. _ _
March
April
May
June
July
August
September. .
October
November..
December. _
1931
January
February. __
March
April
May
-June _
July
August
September..
October
November..
December..

Factors of decrease J

Factors of increase 1

Unexpended capital
funds, nonmember
Memdeposits, etc.
TreasUnited Other
Mon- ber
Mon- u r y
Bills Bills States
reetary cur- ey in bank
disreserve Total gold rency cirNon- Unexcounted bought G
cula- serve
stock admem- pendtion
bal- Total ber de- ed capjusted
ances
posits, ital
etc. funds
425
470
451
477
459
443
442
401
437
412
477
582

321
296
239
238
228
211
172
185
250
342
355
392

304
316
348
327
343
370
392
473
506
522
548
617

1,071
1,108
1,072
1,085
1,046
1,082
1,093
1,102
1,231
1, 296
1,415
1, 655

4,564
4,586
4,597
4,610
4,608
4,587
4,580
4,588
4,571
4,541
4,451
4,379

1,747
1,738
1,749
1,774
1,768
1,763
1,775
1,788
1,770
1,776
1,803
1,782

4,846
4,885
4,862
4,891
4,893
4,851
4,846
4,854
4,948
4,946
4,952
5,003

2,218
2, 229
2,237
2,257
2,197
2,249
2,277
2,299
2,293
2,324
2, 379
2,487

318
318
319
321
332
332
325
325
331
343
338
326

23
23
21
22
33
36
28
30
29
41
33
26

295
295
298
299
299
296
297
295
302
302
305
300

423
493
599
834
1,021
1, 095
1,031
1,108
1,071
932
1,088
1,056

379
344
350
357
292
217
162
192
284
440
486
489

437
408
395
296
220
235
215
219
243
227
237
228

1, 255
1,264
1,365
1,496
1,549
1,586
1,433
1,553
1,641
1,623
1,837
1,808

4,373
4,362
4,305
4,266
4,160
4,109
4,113
4,123
4,125
4,142
4,128
4,141

1,772
1,774
1,782
1,776
1,754
1,780
1,780
1,783
1,790
1,783
1,771
1,788

4,677
4, 690
4,749
4,748
4,744
4,797
4,701
4,803
4,846
4,806
4,990
4,973

2,391
2,375
2,366
2,442
2,371
2, 325
2,267
2,294
2,334
2,371
2,373
2,389

332
335
337
348
348
353
358
362
376
371
373
375

24
23
23
30
25
29
29
28
37
28
25
27

308
312
314
318
323
324
329
334
339
343
348
348

805
973
1,095
934
1,068
1,037
1,076
1,046
958
1,000
1,030
632

440
330
200
179
117
82
75
176
293
355
256
392

202
169
172
163
143
216
147
150
162
321
326
511

1,484'
1,510
1,536
1,327
1,360
1,400
1,347
1,440
1,458
1,743
1,677
1,583

4,127
4,153
4,188
4,260
4,301
4,324
4,341
4,360
4,372
4,386
4,367
4,284

1,789
1,781
1,785
1,777
1,773
1,780
1,788
1,788
1,734
1,800
1,767
1, 778

4,657
4,698
4,748
4,676
4,738
4,746
4,717
4,840
4,819
4,838
4,929
4,865

2,362
2,362
2,357
2,282
2,288
2,356
2,355
2,337
2,326
2,666
2,458
2,355

381
384
404
406
408
402
404
411
419
425
424
425

29
25
41
35
33
28
28
24
28
31
26
30

352
359
363
371
375
374
376
387
391
394
398
395

394
353
310
233
313
272
200
215
272
207
275
251

294
270
279
210
185
128
130
168
209
163
175
364

479
480
535
530
528
591
577
602
597
602
599
729

1,209
1,140
1,149
1,006
1,049
1,018

4,291
4,353
4,423
4,491
4,517
4,535
4,517
4,501
4, 511
4,535
4,571
4,593

1,774
1,763
1,773
1,791
1,773
1,789
1,788
1,796
1,773
1, 799
1,794
1,798

4,560
4,577
4,549
4,476
4,551
4,522
4,426
4,533
4,501
4,493
4,660
4,890

2,293
2,260
2,367
2,385
2,369
2,389
2,396
2,378
2,467
2,418
2,373
2,471

421
419
429
427
419
431
417
411
419
421
411
403

25
25
28
27
24
40
28
24
26
29
25
28

396
394
401
400
395
391
389
387
393
392
386
375

232
198
250
157
174
149
195
255
328
728
718
638

125
109
124
163
125
106
73
215
469
681
452
339

610
599
599
598
598
668
678
728
742
727
717
817

4,643
4,665
4,697
4, 726
4, 798
4, 956
4, 949
4, 995
4, 741
4, 292
4,414
4,460

1,790
1, 778
1,754
1,773
1,788
1,752
1,788
1,729
1,773
1,767
1,769
1,759

4,610
4,620
4,608
4,652
4,702
4,822
4,837
5, 052
5, 246
5, 540
5, 536
5,647

2,398
2,343
2,428
2,371
2,389
2,381
2, 367
2, 373
2, 3(54
2, 167
2, 051
1,961

405
406
405
413
AVI
448
509
554
482
536
527
464

24
23
22
27
31
77
140
189
120
181
170
110

381
383
383
386
381
371
3(59
365
362
355
357
354

934
1,025
1,103
998
1,079
1,373
926
990
937
917
043
976

1

For explanation see Federal Reserve Bulletin for July, 1929, pp. 432-438.


38

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

RESERVE BANK CREDIT
No. 6.—-RESERVE BANK CREDIT OUTSTANDING, ANNUAL AVERAGES, 1915-1931
[Averages of daily figures. In thousands of dollars]
Bills and securities held by Federal reserve banks

1915
1916
1917 _
1918
1919
1920
1921
1922
1923
1924 _
1925
1926
1927
1928
1929
1930
1931—.

Bills discounted

bought

i 60,149
i 163,350
523,120
1, 723,168
2,625,406 I
3, 390,422
2,198, 238
1,226, 334
1, 204, 752
996,467
1,195, 397
1, 257, 859
1,175,035
1, 505, 085
1,459,264
1,086,870
1.273,671

Year

Reserve
bank
credit
outstanding

24,371
24,140
193,783
1,134, 486
1,905, 697
2, 523,073
1,797, 226
571, 220
735, 608
372,121
480, 609
568,166
442, 287
839,942
950, 580
271, 727
326,217

10,430
65,508
150,094
287,147
323,939
385,420
91,150
159,102
226,767
172,437
287,482
281,104
263,258
327,806
241,399
213,201
245, 260

Bills

U. S.
Foreign
Govern- Other
loans
ment securities on gold
securities
7,931
47,161
89, 207
134,177
254, 384
323, 661
263, 864
454, 777
185, 504
402, 271
358, 760
349, 599
417,480
297,499
207, 659
563,672
669,013

17,417
26, 541
6,893
352
1
44
66
85
1,210
2,473
3,396
1,513
2,124
13,420
8,295
10,058

486
9,218
4,114
1,068
510

Due
from
foreign
banks

536
2,765
793
692
699
701
644
671
674
8,643
603
732
804
5,321

Reserve
bank float

2 83,143
* 166,470
2 138,620
2 157,475
45,262
40,470
56,087
47, 298
56,184
50,806
41,854
37, 111
44,406
29,171
17,292

1 Exclusive of reserve bank float for which figures are not available.
2 Includes Government overdrafts.
No. 7*—RESERVE BANK CREDIT OUTSTANDING, BY MONTHS, 1923-1931
[Monthly averages of daily figures. In thousands of dollars]

Total

Month

1923—January
February
March
April
May
June
July
August...

SeptemberOctober
November..
December-.

1,248,888
1,205,043
1,228,242
_
1,214,466
1,221,737
. . . 1,178,370
__ 1,179,386
_j 1,127,239
_„

1924—January
February...
March
April
May..
June
July
August
September..
October
November..
December-.

1,183,823
1, 204,123
1, 204, 312
1,260,198

1, 040, 781
955, 227
989, 838
981, 361
879, 242
886, 324
878, 500
880,895
982, 574
1, 057,166
1,134,950
1, 288, 001

U.S.
Bills disBills Govern- Other se- Foreign
ment
counted bought securi- curities
gold
ties

Reserve
bank
float

547,058
608,165
627,799
657, 730
705, 312
741,246
834, 084
SOS, 870
845, 227
873,142
798, 529
771, 034

217; 939
189,819
233,753
272,439
271, 333
224, 313
186, 002
175, 351
173,909
184,838
264, 951
323, 901

420,977
355,737
315,848
228, 664
193, 224
153,395
96, 533
90, 016
101,690
91,450
83,456
105,893

17
39
49
56
19
15
138
317
255
88

701
701
701
701
701
701
701
701
701
701
701
701

62,193
50, 621
50,124
54,893
51,118
58, 659
62,047
52,286
62,158
53, 675
56,420
58, 581

573, 865
513,920
475, 712
488,558
432, 613
370,159
315, 343
268, 475
261, 655
240, 200
228, 236
301.351

299, 914
272, 678
228, 101
170, 525
79, 995
50, 376
43, 878
29, 532
91,617
179,735
288, 346
I357, 504

117, 576
134, 611
244,121
273, 601
323, 557
416, 251
466, 530
539,409
575, 360
585,118
587, 666
554,048

27
19
73
52
342
1,276
1,250
1,540
2, 963
1,933
2,987
2,056

701
701
701
701
701
701
70]
701
596
476
477
573

48, 698
33, 298
41,130
47,924
42, 034
47,561
50, 798
41, 238
50, 383
49, 704
47, 238
66,795

20

1,125,416
1925—January. __
267,003 I329,258 463,722
2,53£
1, 094, 047
February..
340,253 313, 419 383, 790
2,973
1,121,951
March
389,611 !298,177 375, 566
2,652
1,109, 656
402,766 I287, 322 354.984
April
1, 643
1, 099, 973
397.352 '279, 054 361, 261
May
1,867
1,118, 344
437,177 I263,497 344, 969
Jane
2,250
1,118, 239
480,105 |231,122 337,667
2,044
July
1,142,706
545,196 205, 401 329, 091
August
2, 058
1, 226, 636
594, 080 !
September
225, 728 335, 425
2,414
1, 320, 582
618,770 I298, 211 327, 685
October. _.
2,703
1, 351, 693
597,158 |
November.
351, 751 331,962
3,378
1, 50G, 515
687,766 i368, 659 359, 242
December.
3,191
i Foreign loans on gold outstanding from Dec. 2, 1924, toAug. 2, 1926, Mar. 7
11 to May 10, 1929.




Due
from
foreign
banks

15,734

54,029
42, 470
44,725
51, 802
49, 299
59, 221
56,165
49,846
60, 300
65,196
61, 532
78,552
to Mar. 18, 1929, and Apr.
8,224
10, 500
10, 500
10, 500
10, 500
10, 500
10, 500
10, 469
7,954
7,378
5,260
8,367

641
642
720
639
040
730
636
645
735
639
652
738

RESERVE BANK CREDIT
No.

7.—RESERVE

BANK

CREDIT OUTSTANDING, BY MONTHS,

1923-1931—

Continued
[Monthly averages of daily figures. In thousands of dollars]

Month

1926—January
February
March
_
April
May
June
July
August
September..
October
November..
December...
1927—January
February—_
March
April
May
June
July.
August
SeptemberOctober
NovemberDecember 1928—January
February—.
March
April
May
June
July
August
September..
October
November...
December..
1929—January
February. __
March
April
May
June
July
August
SeptemberOctober
NovemberDecember..
1930—January
February—
March
April
May
June
July...
August
September..
October
November..
December. .
1931—January
February. _.
March
April
May
June
July
August
September..
October
November..
December. .

Total

1, 278,808
1,218, 403
1, 216, 042
1, 203, 653
1,199, 838
1,185, 468
1, 221, 421
1, 202, 639
1, 277, 787
1, 321, 568
1, 318, 027
1,445, 340
1,185,778
1,043,082
1,055,163
1,087,141
1,041, 397
1,081,275
1,114, 788
1,093,486
1,187, 227
1,254,435
1, 377,128
1, 567,814
1, 387, 591
1, 263, 814
1, 295, 246
1,405,135
1,471, 559
1, 531,103
1, 530, 993
1,485,196
1, 581,421
1,621,327
1, 652,841
1,824,070
1, 613,093
1,501,565
1,480,931
1,377,282
1,303,411
1,316,801
1, 379,796
1,376,086
1,426,890
1,449, 620
1,631,397
1, 643,073
1,356, 721
1,181, 330
1,094, 634
1,072,438
995, 534
999, 628
1,003, 327
998,473
1,015,903
1,019, 750
1,033,401
1, 273,145
1,129,438
936, 391
920, 631
952,286
925, 914
944, 969
954,174
1,106, 906
1, 313,103
2, 087, 771
2, 034, 542
1,950,133

Bills discounted

U.S.
Due
Foreign
Bills Govern- j| Other se- loans on from Reserve
ment curities
bank
bought securiforeign
gold
float
banks

519,917 323,874
525, 678 304,816
556, 541 267, 833
537, 003 234, 409
511, 490 232, 219
472,871 243, 233
549,107 229, 923
555, 241 245,117
639, 508 284, 813
663, 296 295, 249
614, 501 348, 365
668, 453 384, 603
480, 622 343,448
392.996 304, 071
424, 543 252,722
447,285 248,429
472,984 233, 224
428, 563 205, 273
453.997 189,774
409,439 173,122
422,192 215, 926
424,413 281,903
415, 216 335,908
528, 624 377, 712
465,275 372, 538
470,680 359, 883
513,233 342,790
660,927 358,026
835, 502
1,018,735 243, 540
1,089, 579 185,018
1,060, 811 177,951
1,064,302 226,033
975, 204 367, 595
897,309 470, 638
1,013,003 482,704
859,223 472,543
889,207 384,662
968, 565 265,430
1,004,440 155, 686
956,274 144,899
978,009 99, 489
1,095,623 74,815
1,043,467 124,441
969,000 229, 395
884, 501 337,121
952,640 296, 212
803,352 319,997
500, 780 313, 839
377, 644 285,152
273, 517 245, 562
231,172 266,141
246,890 181, 725
251,237 141,173
226, 041 153, 896
213,987 152, 898
188,700 196, 630
196, 388 185, 470
220, 769 184, 212
337, 557 256, 596
252,886 205, 841
215,757 102, 076
176, 431 123, 293
154, 058 172,897
162, 705 143, 759
187, 800 J20, 740
169, 030 78, 890
222, 270 134, 549
280, ] 63 259, 257
613, 012 691, 723
695,081 560, 341
774,471 340,157

Back figures.—See Annual Report for 1928 (Table 1).


125554—32
4


367,789 I
334,816 !
335,742 !
370,754 I
398,201 I
407,896
379,618
353, 192 i
315,530 i
306,189 I
302,434 j
321,540 |
310,486 I
306,606 j
344,922
341,081 i
291,495
397,754
381,081
438,511 !
500,637
506,177
579, 238
605, 841
511,852
405,551
414,681
351,105
256, 686
231,907
212, 978
209, 610
240,429
236,914
238, 335
262, 776
228,528
184, 241
196, 746
165,311
152,870
179, 370
147,473
154,513
164, 579
154,462
315,289
446,066
484, 818
480,121
539, 513
529, 989
528, 636
571,175
582, 889

598, 649
597, 030
601, 582
599, 065
043,880
647, 348
603, 373
003, 940
600, 280
598, 559
009, 5-57
673, 593
712,254
736,190
I 733,054
726,612
776, 954

3,143
3,185
3, 653
4,886
4,103
3,453
3,117
3,373
3,700
3,042
2, 525
2,579
3,550
2,250
2,064
2,081
1,801
1,533
1,300
758
587
698
646
942
657
535
821
990
1,000
790
490
764
3,177
4,433
4,160
7,597
9,608
9,474
8,410
7, 073
7.446
11,427
10, 558
13,644
15, 594
20, 387
21,440
13,083
13, 213
12, 817
10, 383
9,101
8,413
5, 587
7, 341
8,348
7,282

6,852
7,131
8,201
8,687
7, 758
7,407
3,521
90

2,928
5,854

3,979

6, 400
0, 311
4, 617
3,133
43
1,009
5, 444
8, 733
:., 954
10, 872
22, 830
31, 574
30, 370

2, 133
""982"
1,783
1, 230

642
709
696
645
707
676
681
702
659 !
677
650 !
050 !
657
658
658
659
660
8,627
45, 370
36,190
7,141
628
564
566
566
566
568
570
571
573
572
574
574
645
729
727
730
729
723
723
726
729
728
724
740
764
740
722
722
721
722
712
710
708
705
703
701
1,720
705
804
708
703
703
697
098
1,480
3, 253
18, 780
10,033
8,782
8,792
8,768

56, 591
42,068
43, 376
47, 269
45,360
49,932
55, 454
44, 924
53, 577
53,115
49, 552
67, 515
47, 015
36, 501
30. 254
47, 625
41,233
39, 525
43, 266
35,466
40,744
40, 616
45, 556
54,129
36, 703
26, 599
23,153
33, 517
29,200
35, 558
42,356
35,486
46,906
36, 536
41, 670
57,263
42,461
33,252
38,129
38,195
37,217
47,777
50, 599
39,297
47, 582
52, 385
45,076
59,853
43,349
24,875
24,937
35,323
29,160
29, 748
32. 455
23, 888
25, 560
28,190
22,339
29, 691
19, 522
14, 482
16, 264
23, 711
19,124
17,829
20, 663
12,117
14,815
17,134
12,142
19,413

40
No.

REPORT OF THE FEDERAL RESERVE BOARD
8.—DEPOSITS, RESERVES, NOTE CIRCULATION, AND RESERVE PERCENTAGES OF FEDERAL RESERVE BANKS, BY MONTHS, 1927-1931

[Monthly averages of daily figures. In thousands of dollarsl
Deposits

Cash reserves

Member
bank
reserve

Month

U . S . Foreign
bank
Govand
Other
ernment govern
ment

Total

Excess

Federal
reserve
note circulation

Reserve
percent-

1927
January..
February
March.
April...
May...
June...
July....
August
September
October.
November
December

2,300,204
2,266,460
2,284,809
2,301,120
2,326,816
2,355,428
2,339,478
2,331,452
2,350,875
2,380,856
2,429,976
2,435,984

2,242,854
2,212,206
2,239,952
2,248,302
2,262,397
2,300,897
2,288,948
2,283,097
2,300,450
2,326,009
2,372,954
2,399,182

24,132
28,132
21,823
29,622
25,374
20,660
17,420
17,890
20,324
20,426
12,812
9,976

11,316
4,924
6,021
5,521
5,309
5,341
5,233
5,100
5,675
8,365
6,227
5,063

21,902
21,198
17,013
17,675
33,736
28, 530
27,877
25,365
24,426
26,056
37,983
21,763

3,064,506
3,137,737
3,168,365
3,182,325
3,191,623
3,170,162
3,156,204
3,145,581
3,117,062
3,089,483
3,011,346
2,893,417

1,557,915
1,662,595
1,679,931
1,679,121
1,684,975
1,658,481
1,651, 520
1,657,149
1,605,565
1,563,305
1,469,223
1,322,856

1,753,799
1,704,703
1,721,876
1,744,530
1,730,655
1,718,203
1, 714,666
1,681,059
1,721,726
1,732,196
1,729,078
1,794,917

75.6
79.0
79.1
78.7
78.7
77.8
77.9
78.4
76.5
75.1
72.4
68.4

1928
January..
February
March.
April..
May...
June...
July.._
August.
September
October
November
December

472,425
419,482
411,714
450,188
438,812
394,875
372,629
330,159
370,075
380,594
401,637
415,052

2,426,360
2,368,092
2,365,030
2,396,460
2,387,642
2,354,547
2, 323, 506
2,273,919
2,314,257
2,332,177
2,352,294
2,366,803

19,438
25,606
23,018
26, 796
23,821
12,797
19,468
27,860
17,648
18,694
17, 542
18,807

5,233
5,373
5,368
6,080
6,373
8,437
9,495
9,225
7,318
6,522
6,419
6,483

21,394
20,411
18, 298
20,852
20,976
19,094
20,160
19,155
30,852
23, 201
25,382
22,954

2,944,811
2,971,768
2,940,725
2,885,356
2,806, 772
2,727,906
2,730,221
2,747,578
2, 751,167
2,753,956
2,767,562
2,714,744

1,413,756
1,486,132
1,459,979
1,387,648
1,314,076
1,242,658
1,242,910
1,272,088
1,241,146
1,230,562
1,228,727
1,128,688

1,664,263
1,597,043
1,591,615
1,600,356
1,597,780
1,617,605
1,642,226
1,649,836
1,701,237
1,725,464
1,745,656
1,851,989

71.2
74.0
73.5
71.2
69.5
68.0
68.0
69.0
67.6
67.1
66.7
63.6

1929
January..
February
March.
April...
May
June...
July...
August.
September
October
November
December

2,436, 250
2,406, 651
2, 384, 675
2, 367, 519
2, 350,927
2, 374,439
2, 384, 979
2, 368,430
2,395, 383
2, 437,987
2, 576, 514
2,437,914

2, 388, 746
2,357, 297
2, 336, 507
2, 307,945
2,296,409
2, 314, 338
2, 333, 545
2, 322,411
2, 334, 541
2, 385, 644
2, 521,324
2,395,022

18,165 6,530 24, 809
20,853 5,995 22,506
16, 820 9,239 22,109
24,817 12,312 22, 445
22,498 7,997 24,023
30, 383 6,723 22,995
20,389 7,187
23,858
18, 969 5,584 21,466
33,313 6,801 20, 728
24, 233 6,345 21,765
22, 648 5,660 26, 882
15,859 5,775 21, 258

2.777,763
2,826,670
2,848, 586
2,936, 935
2,987,484
3,011,015
3,078,382
3,117,555
3,135,894
3,157,885
3,166, 713
3,040,010

1, 236, 228
1,318,945
1,346,046
1,439,941
1,499, 258
1,513,157
1, 528,162
1, 556,187
1,549,600
1, 555, 552
1,489,966
1,408,179

1,722,118
1, 663,492
1, 669, 759
1,670,904
1, 663, 504
1,667,011
1,788,692
1,831,044
1,869, 776
1, 872, 594
1,937,418
1,946,402

66.8
69.4
70.3
72.7
74.4
74.5
73.8
74.2
73.5
73.3
70.2
69.3

1930
2.402, 494 2, 349, 236
January
2, 361, 760 2, 305, 237
February
2,373, 079 2, 330, 058
March
2, 408, 039 2, 350,129
April
2, 418,430 2, 356, 320
May
_
2, 457, 689 2, 391, 649
June
July....
._ 2, 476, 724 2, 417, 484
2, 447, 713 2, 302, 225
August
2. 451, 862 2, 397,158
September
2, 464, 406 2, 406, 590
October...
2, 488, 235 2, 432, 662
November
2, 467, 472 2, 415, 005
December

23, 769
29, 091
15, 651
29, 967
33, 590
38, 548
24, 473
27, 815
28, 338
30, 638
25,149
25, 811

6,132
6,265
6,761
5.983
5, 625
6,046
6,096
6,015
5, 656
5, 576
5,524
6,147

23, 357
21,167
20,609
21,960
22,895
21,446
28,671
21,658
20, 712
21,602
24,900
20, 509

3,124, 536
3,161,315
3, 202,080
3, 209, 467
3, 226, 367
3, 212, 839
3,169,856
3,101, 926
3,106, 714
3,135, 397
3,158,122
3,"" " "
"

1, 564,910
1, 663, 575
1, 725,122
1, 744, 689
1, 785, 713
1, 776,127
1, 746,896
1, 706,403
1, 702,133
1, 720, 542
1, 729, 503
1, 590, 033

1, 796,883
1,677,809
1, 615, 952
1, 554,910
1, 485, 509
1,441,303
1,390, 267
1,347, 058
1, 366, 074
1, 380, 781
1, 394, 342
1, 587, 050

74.4
78.3
80.3
81.0
82.6
82.4
82.0
81.7
81.4
81.5
81.3
76.2

1931
January
February
March
April .
May
June.-..
July__
August _
p
October
No vein her.
December..

28, 945
31,150
32,606
37,124
24, 534
43, 797
22, 756
38, 315
31,352
32,459
33, 296
27,479

5, 858
5,561
5,636
5, 890
6,029
12, 445
56,151
161,030
173,111
166,853
139, 069
114,816

21, 728
19, 393
18, 564
21,192
21, 952
22, 758
27, 261
26, 304
25, 655
41,290
32,397
29, 558

3, 202, 213
3, 249, 218
3, 276, 754
3, 312, 763
3, 372, 483
3,490, 351
3, 584, 709
3,619,914
3, 555,105
3,019,718
3,015,658
3,131,513

1, 704, 512
1, 811, 352
1, 837, 838
1, 847, 913
1, 895, 684
1, 958, 891
2, 008,439
1,969,750
1,847,995
1,213,689
1,221,292
1,321,517

1, 565,642
1,471, 516
1,460, 082
1, 527, 028
1, 557, 356
1,656,271
1, 741, 720
1, 875, 760
2,025,287
2, 330; 936
2, 453, 400
2, 563, 837

79.0
83.4
84.0
83i5
84.4
84.3
84.3
81.4
77.5
62. 6
63. 1
65.2

_!
i
_
_
.!
.1
_

2,489,841
2,426,456
2,442,522
2,440,110
2,439,591
2,482,719
2,513,090
2, 571, 028
2, 562, 842
2,496,158
'2, 322, 874
. 2,241,316

2, 433, 310
2, 370,352
2, 385, 716
2, 375,904
2, 387, 076
2, 403, 719
2, 406,922
2, 345, 379
2, 332, 724
2, 255, 550
2,118,112
2, 069, 463

Back figures.—See. Annual Report for 1928 (Table 2)




41

KESEEVE BANK CREDIT

No. 9.—PRINCIPAL RESOURCES AND LIABILITIES OF FEDERAL RESERVE BANKS, BY
WEEKS
[In millions of dollars]
Bills and securities

Dat
Total

Bills
discounted

1,223
1,089
1,007
945

292
243
230
215

265
196
152
120

254
192
151
118

4___
11__
18..
25..

937
920

223
222
200
190

104
88
94
106

102
87
91
105

Mar. 4___
Mar. 11Mar. 18_.
Mar. 25..

891
929
902
847

191
173
162
165

101
151
123
83

100
137
123
83

Apr. 1_._
Apr. 8_Apr. 15__
Apr. 22..
Apr. 29._

929
913
862
885
924

164
143
132
135
155

167
172
131
152
170

i
134 33.3 ! 598
143 28.9 j 599
127 4.3 599
135 17.4 599
134 35.8 598

May
May
May
May

6—
13..
20. _
27-

944
898
879
876

150
145
149
153

194
153
131
125

162 32.4 598
142 10. 8 i 598
124 6.9 599
122 3.3 598

June 3__.
June 10.June 17-_
June 24 __

907
913
900
947

134
127
107
106

126
119
103
103

July l.__
July8___
July 15-.
July 22 __
July 29. _

932
921
934
935

173
185
185
198
150
162
162
182
183

103
92
70
67
67

97
89
70
65
63

942
Aug. 5...
Aug. 12.. 1,065
Aug. 19.. 1,118
Aug. 26- 1,157

189
195
231
242

66
136
155
181

101
154
180

Sept. 2...
Sept. 9...
Sept. 16..
Sept. 23..
Sept. 30..

1,190
1,192
1,239
1,306
1,558

257
260
263
310
328

198
198
.218
243
469

Oct. 7__. 1,801
Oct. 14.. 2,104
Oct. 21. _ 2,224
Oct. 28.. 2,198

463
628
698
717

Nov. 4—
Nov. 11..
Nov. 18..
Nov. 25...

2,105
2,040
1,956
1,926

Dec.
Dec.
Dec.
Dec.
Dec.

1,888
1,862
1,941
1,957
2,185

1931
Jan. 7____
Jan. 14...
Jan. 21__.
Jan. 28.._
Feb.
Feb.
Feb.
Feb.

2__.
9...
16..
23_.
30..

Fed

U . S. Government
securities

Bills bought

eral
reserve
notes

UnUnder
Bought der
re- Total Bought reoutTotal outsale
sale
right agreeright agreement
ment

11. 4
4.4
1.1
1.8

659
644
625
610

1.9 ! 610
1.5 610
3.4 600
. 9 599
1.0
13.7
.2

600
605
618
599

658 j 0.9 3,147 2, 500
3, 231 2, 521
644
3,254 [ 2,488
625
3,278 ! 2,484
610 !
610
610
600
599

3, 281
3,254
3, 266
3, 261

2,455 2,379
2,417 2,365
2, 440 2,380
2, 428 2,378
2,365
2,436
2,436
2, 357

1,460
1,446
1,442
1, 442

598
599
599
599
598

3, 295 2,446
3, 309 2,443
3,318 2,406
3, 346 2, 436
3,352 ! 2,463

2,392
2,389
2,356
2,380
2, 408

1, 498
1, 505
1,516
1, 527
1,528

598
598
599
598

3,345 I
3,389 i
3,400 !
3,433

2.9
.3
1.6
3.6

663
668
678
678
678
681
728
728
728

681
728
728
728

197
.8
195 22.9
233 9.6
450 19.5

.4

728
728
742
738
742

728
742
738
738

581
730
769
725

544
716
766
724

36.8
14.0
3.2
1.4

738
727
727
727

738
727
727
727

705
684
662

642
597
534
480

636
597
533
479

5.5

728
727
727
727

727
727
727
727

718
725

423
389
307
257
327

420
376
303
247
251

3.7
13.3
4.2
10.3
75.9

717
717
906
758
803

717
717
906
758
765

I2,484

663
668
678
678
678

3.0
35.1
.7
1.0

.5
5.3
.3
.1

598
599
599
619

1

2,440
2, 472
2,557

55

1, 541
1, 528
1,551
1, 552
1, 584
1, 642
1,668
1,674

2,389
2,398
2, 401
2,457
2,389
2,440
2,436
2,432
2,415

104
103
140

1,738
1,737
1,717
1, 731
1,736

2,339
2,393
2,382
2,342

171
224
224
292

1,773
1,829
1,902
1, 946

3,301

2,374
2,290
2,418
2,280
2,364

243
264 j
228
207
143

3,193
2,994
2, 927
2,903

2,277
2,223
2,276
2,229

209
296
232
231

3, 595
3,618
3,643
3,658

~3.~9~

2,510
2,617
2,606
2, 634

3,633
3,629
3, 648
6,wz

2,270
2,322
2,383
2,384

2,933
2,989
3,043
3,094

2,319
2,333
2,312
2,316

2,122
2,099
2,124
2,117

197 i 2,447
235 2,450
189 2,433
198 2,446

3,108
3,137
3,145
3,128
38.~3~ 3,155

2,258
2,259
2,309
2,196
2,480

2,073
2,086
2,168
2,001
2,323

185
173
141
195
157

.5
.4

Includes "other securities."
Black figures.—See Annual Reports for 1930 (Table 8), 1929 (Table 7), 1928 (Table 5), etc.




1,477
1,481
1,450
1,448

3, 270 2, 431
3, 281 2,491
3,294 ! 2,465
3,310 i 2,433

600
600
618
599

8.0 I
7.9 I
4.1 |
3.2 619

911
! 1,024

2,444
2,464
2, 441
2,425

' 2,478
2,485
j 2,528
; 2,661
! 2, 613

42
No.

ANNUAL EEPORT OF THE FEDERAL RESERVE BOARD
10.—FEDERAL RESERVE BANKS—RESOURCES AND LIABILITIES IN DETAIL,
DECEMBER 31, 1931 1

(Amounts in the column to the right are those shown in the board's weekly statement, their components
being shown in the column to the left. In thousands of dollars]
RESOURCES

Gold with Federal reserve agents
Gold redemption fund with United States Treasury

2,130,122
55.616

Gold held exclusively against Federal reserve notes
Gold settlement fund with Federal Reserve Board
Gold and gold certificates held by banks:
Gold coin
Gold bullion and foreign gold coin
Gold certificates

2,185,738
314,090
_ 92,047
_
50, 350
346,667

Total gold and gold certificates held by banks

489,064

Total gold reserves
Reserves other than gold:
Legal-tender notes
Silver certificates
Standard silver dollars

2,988,892
55,320
105,155
8,295

Total reserves other than gold

168,770

Total reserves

3,157,662

Nonreserve cash:
National-bank notes
Federal reserve bank notes
Subsidiary silver, nickels, and cents
Total nonreserve cash

37,030
100
35,482
72, 612

Bills discounted:
Secured by United States Government obligations
Other bills discounted

321,126
317,167

Total bills discounted
Bills bought in the open market:
Payable in dollarsBought outright
Bought under resale agreement
Payable in foreign currencies

638,293
_. 215,266
89,992
33,429

Total bills bought in open marketUnited States Government securities bought under resale agreement:
Liberty bonds
Treasury bonds.
Treasury notes
Certificates of indebtedness
Treasury bills

12,485
5,544
1,500
1,100
21,700

338,687

Total United States Government securities bought under resale agreement
United States securities bought outright:
Liberty bonds
Bonds issued since 1921
Other United States bonds

285,281
56, 403
655

Total bonds
Treasury notes
Certificates of indebtedness
Treasury bills
Total United States Government securities bought outright
Total United States Government securities
Other securities:
Federal intermediate credit bank debentures
Federal land bank bonds
Municipal warrants

42,329

342, 339
31, 540
270,100
130,652
-

774,631

Total other securities

31,148

Total bills and securities
Due from foreign banks
Federal reserve notes of other reserve banks
Uncollected items:
Transit items
.
Exchanges for clearing house
Other cash items
Total uncollected items
* Before closing of books at end of year.




816,960

26,185
500
4,463

1,825,088
8662
20,055
461,564
12,614
23,635
497,813

RESERVE BAKK CREDIT

43

No. 10.—FEDERAL RESERVE BANKS—RESOURCES AND LIABILITIES IN DETAIL,
DECEMBER 31, 1931 *—Continued
[Amounts in the column to the right are those shown in the board's weekly statement, their components
being shown in the column to the left. In thousands of dollars]
Bank premises
_
All other resources:
Claims account closed or suspended banks
Overdrafts—member banks
Premium on securities
Interest accrued
Deferred charges
Suspense account and miscellaneous assets

.._
-

—
--

_

59,590

20,068
10
7,650
3,066
736
6,030

Total all other resources

37,560

Total resources

-

-

— 5,679,042

LIABILITIES

Federal reserve notes outstanding (issued to Federal reserve bank)
Held by banks and branches
Forwarded for redemption

_

2,926,038
288,199
_

13,368

Federal reserve notes in actual circulation

2,624,471

Deposits:
Members—reserve account
Government
Foreign bank
_
Other deposits—
Nonmembers' clearing account
_
Officers' checks
Federal reserve transfer and exchange drafts
All other..
._

-

-

1,960,476
53,637
79,099

_
---

_-

20,648
4,814
227
5,037

Total other deposits
Total deposits

30,726
-

_

Deferred availability items:
Government transit items
All other transit items
Total deferred availability items
Capital paid in
Surplus
All other liabilities:
EarningsGross earnings
Current expenses
Current net earnings
Add—Profit and loss
_
Deduct—
Furniture and equipment
Dividends accrued since closing of books

2,123, 938
_

_

_
_

_
_
_
_

_

_
_

4,829
473,400
_

_._

_

29,701
27,041
2,660
2,810
159
10,028

Net earnings available for depreciation allowances, reserve, surplus, and franchise
tax
Reserve for self-insurance
._
Reserves for losses account failed or suspended banks
Miscellaneous reserves
_
_
_..
_
Accrued dividends unpaid
Unearned discount
-Accrued taxes, other than franchise tax, unpaid
_
Discount on securities
Suspense account and miscellaneous liabilities
Total all other liabilities

478,229
160,568
274,636

_

5,125
3, 976
94
942
2,028
786
2,635
1,614
17,200

Total liabilities
Contingent liability on bills purchased for foreign correspondents
1

Before closing of books at end of year.

Back figures—See Annual Report for 193 (Table 9), 1929 (Table 8), 1928 (Table 6), etc.




5,679,042
250,621

No. 11.—RESOURCES AND LIABILITIES OF FEDERAL RESERVE BANKS (IN DETAIL) AT THE END OF EACH MONTH
[In thousands of dollars]
1931

1930
D e c . 31

Jan. 31

Feb. 28

Mar. 31

Apr. 30

May 31

June 30

July 31

Aug. 31

Sept. 30

Oct. 31

Nov. 30

Dec. 31

RESOURCES
Gold with Federal reserve agents
Gold redemption fund with United States
Treasury
Gold held exclusively against Federal reserve notes
Gold settlement fund with Federal Reserve Board
Gold and gold certificates held by banks. _.

1, 730,439 1, 788, 659 1, 709, 384 1,733,124 1, 782, 314 1,785,864 1,917,864 2,056,339 2,153, 913 1,927, 710 1, 552, 076 1, 734, 676 2,130,122
35,211

34,844

33, 662

32, 647

32,193

32, 6131

30,166

29,984

29,889

39, 753

70, 561

70,082

55,616

1, 765,650 1,823, 503 1, 743, 046 1, 765,771 1,814,507 1,818,477| 1,948,030 2,086, 323 2,183,802 1,967,463 1,622,637 1,804,758 2,185, 738
417,440
758,129

421, 666
816,935

473,
853,

690
633

499,976
848,894

555,046
791,121

593, 053
838, 012

470,161
990, 493

414, 523
930, 295

439,052
832,838

445,634
725, 084

372, 556
751,144

366, 547
747,166

314,090
489,064

Total gold reserves
Reserves other than gold.-

2,941,219 3,062,104 3,070, 369 3,114, 641 3,160, 674 3,249,542 3,408,684 3, 431,141 3,455,692 3,138,181 2,746,337 2,918,471 2,988,892
163,932
167,065
166, 333
163,141
162, 364
181, 637
173,423
156, 738
173, 760
140, 298
180,405
161, 855
168,770

Total reserves
Nonreserve cash

3,081, 517 3, 242, 509 3,244,129 3, 296, 278 3, 334,097 3,413,474 3, 575, 749 3, 597, 474 3, 618,833 3, 300, 545 2, 903,075 3, 080, 326 3,157,662
71,280
58, 753
65,421
71, 228
71,137
73,124
64,127
60,446
79,932
62,889
72,612
70, 774
77,181

Bills discounted:
For member banks
For intermediate credit banks
For nonmember banks (secured by
adjusted-service certificates)

197,515

250,026
121

156,939
58

173,767

148, 664
371

250, 590
737

231, 678

71

50

48

78

79

94

126

250,225

157,076

173,861

149,161

194,927

254, 580

131
122
_[_
195, 058
254,702

327,410
77

718, 579
9,073

4381

706,456
11,320

626, 790
11,044

551

489

459

327,925

728,203

718, 265

638,293

412,121
6,205
33, 386

215,266
89,992
33,429

451, 712

338, 687

Total bills discounted

251, 398

231, 728

197,563

Bills bought:
Payable in d o l l a r s Bought outright
Under resale agreement
Payable in foreign currencies

288, 763
39,098
35, 983

87,881
1,384
36,119

84,437
578
23,958

113,380
9,860
1,063

131,217
30,361
1,074

119,4871
4,893|
1,073j

84, 708
10,243
10, 551

33,737
5,244
34, 371

50,951
19,187
145,215

400, 218
19, 505
48,804

643,517
3,746
33, 501

363,844

125, 384J

108,973

124,303

162,652

125,4531

105, 502

73,352

215,353

468, 527

680,

686,064
43,403

609,920

599,463

598,431
100

598,314

598, 336

667,935

677,853

727,873

738,455
3,890

727,175

717, 031

774, 631
42,329

729,4671

609,920!

599,463

598, 531

'8, 336

667, 935

677, 853

727, 873

742, 345

727,175

717,031

816,960

Total bills bought
United States Government securities:
Bought outright
Under resale agreement
Total U. S. Government securities-.




764

Other reserve bank credit:
Federal intermediate credit bank debentures
Federal land bank bonds
Municipal warrants
Foreign loans on gold
Due from foreign banks 1
Reserve bank
float
_..

350

704
20,776

701
12, 328

18, g

Total notes in circulation

6, 250
650
146

1,425

10, 726
11,935

70'
16, 553

18,121

699
17,366

10,011

5,900
500
52
18,250
23,782
9,063

13,800
500
105
4,768
8,752
11, 274

26,990
500

25,330
500
4,397

26,185
500
4,463

9,297
8,777

8,724
4,939

8,662
19, 652

980,061

925, 504;

990,319

37,210

917,402

943,022

975,970 1,255,475 1,577,996 2,184,399 1,930, 898 1,853,402

22,648
403,156
58,035
18,624

15, 874
475, 522
58,192:
19, 529

14,278
463,183
58,322
17, 601

16,091

12, 670|
450,447!
58, 580
20, 722

13, 601
471, 223
58, 784
25,866

15,104
398,432
58,915
28,406

474, 098
58,420
17,:

14, 335
356, 728
59,
33, 536

16,996
467, 639
59,225
36,359

16, 570
398,466
59, 390
43,470

15,182
390,861
59,475
41,055

20,055
478, 229
57, 668
32, 697

5, 200, 648 4, 802, 214 4,809,887: 4,913,105 4,901,925 4,932,048 5,153, 666 5,145, 581 5,409,219 5,529,534 5, 665, 816 5, 580, 686 5, 672, 325

I

LIABILITIES

Federal reserve notes:
Held by other Federal reserve banks
Outside Federal reserve banks

8,175
750
63

900

843

Total reserve bank credit outstand1,373,332
ing.
21,
Federal reserve notes of other reserve banks.
564, 007
Uncollected items not included in float
57,843
Bank premises.
22,024
All other resources
_._•
Total resources

37

i, 300

14,335
16,996
22,648
13, 601
15,104
21,993
15, 874|
14,278
16, 570
15,182
16,091
12, 670
20, 055
| 1,641,545 1,471,491 1,462,248 1,472,080 1,519,168 1,567,806 1,709,833] 1,749,54" l,948,370j 2,080,797 2, 412,424 2,464, 518 2, 604,416
j 1,663,538 1,494,139 1,478,122 1,486,358 1,535,259 1,580,471 1,723,434| 1,764,651 1,962,705! 2,097,793 2,428,994 2,479, 700 2, 624,471

Deposits:
Member bank—reserve account
Government
Foreign bank
Other deposits

2,470, 583 2, 397, 523 2,343,373 2,428,081 ! 371,171 2,389,288 2,380,518 2, 366, 582 2,373,001 2,363,584 2,167,422 2,050, 596 1,961,410
,
70,131
22,243
26, 77r
20,122
31, 570
18,819
21, 703
46, 573
31, 765
33,136
55,916
34,963
53, 637
162,205:
95,135
5,753
150, 077 142,665
5,761
7, 760
33,912 113,99,
5,193
5,145
79,099
5,606
26,996|
25,194
27,437
18, 378
26, 031
30, 63:
21,970
22, 764
42,652
30, 728
17,494
16,515
21, r~

Total deposits
Deferred availability items
Capital paid in
Surplus
All other liabilities

2, 517,133 2,448,427 2, 399,196 2, 505, 657 2,433,629! 2,441,515 2, 503, 655 2, 526, 730 2, 632, 333 2, 506,156 2, 379, 702 2,252,463 2,124, 874
564,007 403,156
475,522 463,183 474,098 450,447 471,223 398,432 356,728 467,639 398,466 390, 861 478,229
167,084 166, 759 164,548 163,593. 160,568
169, 640 169,493
167,445
169,131
168, 600 168, 375 168,188
...
...
168,828
274, 636 274, 636 274, 636 274,636 274, 636 274, 636 274, 636 274, 636 274, 636 274, 636 274, 636 274, 636 259,421
12,363
12, 530
13, 687
11, ""'
13,280
16, 599
19,4331
24,762
19,470
14,443
15, 703
15, 7331
16, 551

Total liabilities
Contingent liability on bills purchased for
foreign correspondents

5, 200, 648 4, 802, 214 4 8
,
439,288

447,444

456,038

W
>
O

2

4, 913,105 4, 901, 925 4,932, 048 5,153, 666 5,145, 581 5,409,219 5,529,534 5, 665,816 5,580,686! 5,672,325
430, 779

408,916

380,17

340, 845

242, 97-

227, 988

100,118

99, 333

I
126,389!

250,621

i Uncollected items in excess of deferred availability items.
Back figures.—See Annual Reports for 1930 (Table 10), 1929 (Table 9), 1928 and 1927 (Table 7),3i;3.




Ox

46

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No.

12.—CONDITION OF EACH FEDERAL RESERVE BANK AT THE END OF
AND 1931
[In thousands of dollars]
Boston

New York
1931

1930

Philadelphia

1930

1931

1930

201,269
10,096

213,444
17, 355

1,007,122
39,879

843,738 238,552
37,739
8,874

227, 704
15,237

211,365
6,473

230,799
7,808

1,047,001
22,285

881,477 247,426
19,235
5,146

242, 941
3,656

13,238
25,315
49,925
850

43,205
33,431
61,002
2,130

61,898
158,273
283,332
2,850

149,951
163,393
309,356
14,315

25,663
3,496
54,204
610

116,412
4,065
68,652
5,610

89,328
52
337
65,638
3,458
76

139,768
685
234
58,575
3,336
2,048

506,353
231
7,173
183,283
15,240
8,615

637,015 83,973
3,173
68
6,084
350
164,867 51,802
14, 8] 6 2,614
11,242
136

194,739
904
624
43,558
2,626
1,397

376,727

443,253

1, 790,181

1930

1931

RESOURCES

Total gold reserves
Reserves other than gold
Total reserves
Nonreserve cash
..
Bills discounted
Bills bought
United States Government securities
Other securities
Total "bills and securities
Due from foreign banks
Federed reserve notes of other banks
Uncollected items
Bank premises
All other resources
Total resources

__

1,737, S

391,515

490,445

LIABILITIES

Federal reserve notes in circulation
Deposits:
Member bank—reserve account
Government
Foreign bank
Other deposits

132,035

194,460

384,976

153, 727

269, 372

150, 936
829
425
65

149,287
2,538
5,764
240

1,062,276
4,113
1,903
9,555

795, 015 142, 539
25,740
1,344
27, 527
558
13, 786
163

123, 939
3,551
7,609
391

Total deposits
Deferred availability items
Capital paid in
Surplus
All other liabilities

152,255
59,167
11,877
21, 299
94

157,829
57, 993
11,749
20, 039
1,183

1,077, 847
178,877
65,578
80, 575
2,328

158,126
61,639
75,077
6,813

144,604
49,256
16,793
27,065
70

135,490
41,826
16,600
26,486
671

Total liabilities

376,727

443,253

1,790,181

1,737,909 391, 515

490,445

Cleveland
1930

1931

278,471

574,186

Richmond
1930

1931

324, 989
13,087

113,220
6,904

94,360
7,095

4,859

120,124
4,556

37,216
25, 931
62, 925
1,000

92,609
5,561
73,251

22, 766
10,936
13, 907

127,072
71
1,397

| 53,979
I 6,833
I
990

171,421
875
1,489
41,319
7,807
3,158

483,337

Atlanta
1930

1931

RESOURCES

Total gold reserves
Reserves other than gold
Total reserves. .
Nonreiserve cash

150,847
8, 578

109,561
6,061

101,455 ! 159,425
4,693
3,743 !

115, 622
4,368

33,377
10,099
19,081
700

18,069
15, 755
7,877
600

34,902
13,235
13, 938
850

47,609
30
2,266
38,140
3,249
967

63,257
346
1,885
37,228
3,605
2,832

42,301
26
1,685
12,846
2,573
4,552

62,925
312
1,230
11,839
2,489
3,111

569,004

216, 941

214,351

228,101

201, 896

Federal reserve notes in circulation _ _
Deposits:
Member bank—reserve account.
Government
Foreign bank
Other deposits

194,948 320, 335

100,515

109,347

133,854

120,626

186, 377 147, 646
3,526
2,240
7,763
575
6,167
2,697

60,820
444
241
168

47,256
1,642
3,074
598

61,014
1,211
207
479

46, 368
2,047
2,767
172

Total deposits
Deferred availability items..
CapitEil paid in
Surplus
All other liabilities

191,889 165,102
50, 765 39,425
15,813 14,630
28,971 27, 640
1,872
051

61, 673
36,110
5,801
12,114
728

52,570
34,532
5,478
11,483
941

62,911
13,130
5,346
10,857
2,003

51,354
12,001
5,158
10,449
2,308

569,004

216,941

214, 351

228,101

201,896

286,567
6,428

Bills discounted
Bills bought
United States Government securities.
O ther securities
Total bills and securities
Due from foreign banks
Federal reserve notes of other banks
Uncollected items
Bank premises
1
All other resources
Total resources

__

LIABILITIES

Total liabilities..


Back figures.—See a n n u a l


483, 337

r e p o r t s for 1930 ( T a b l e 11) 1929 ( T a b l e 10), a n d 1928 ( T a b l e 8), e t c .

47

RESERVE BANK CREDIT
No.

12.—CONDITION OF EACH FEDERAL RESERVE BANK AT THE END OF 1930

AND 1931—Continued
[In thousands of dollars]
Chicago
1930

Minneapolis

1931

1930

1931

64,411
4,258
68, 669
2,432

74, 276
5,632

3,576
8,411
27, 302
233

7,571
7,329
27, 668
903

39, 522
16
805
10, 366
1,926
528

43,471
14
810
8,444
1,834
1,373

632, 857 929, 290 196,820 188,112 124, 264

137,585

1931

RESOURCES

Total gold reserves
Reserves other than gold
Total reserves
Nonreserve cash
Bills discounted
Bills bought
United States Government securities
Other securities
Total bills and securities
Due from foreign banks
Federal reserve notes of other banks.
Uncollected items
Bank premises
All other resources
Total resources

:

353, 871 596, 593 104, 329 88,953
9,303 12, 863
| 21,591 29, 277
j 375,462 625, 870 113,632 101, 816
4,675
3, 773
! 11,382 10,859
i
22,804 74, 496 11, 301 16,886
52, 370 42, 052 10, 788 12, 823
89, 603 105, 531 26, 383 27, 099
1,000
3,490
165, 777 225, 569
94
1,232
2,333
3,105
68, 622 53, 531
8,061
7,827
1, 126
1,297

48, 472
25
1,056
21, 817
3,635
3,508

57, 688
21
1,270
3,461
1,995

79,908
1,731

LIABILITIES

Federal reserve notes in circulationDeposits:
Member bank—reserve account.
Government
Foreign bank
Other deposits

139,162 519, 471

84, 599

86, 941

53,558

69,130

360,832 283, 976
2,590
3,291
770 10, 376
691
960

69, 521
1,089
207
534

59, 456
3,128
2,690
566

48,447
1,280
132
139

45, 827
1,961
1,768
356

Total deposits
Deferred availability items..
Capital paid in
Surplus
All other liabilities

365,152 298, 334
66, 524 51,885
20,145 18, 011
39, 936 38, 411
1,938
3,178

71, 351
23,934
5,053
10, 562
1,321

65, 840
19, 305
4,693
10, 025
1,308

49, 998
9,776
3,063
7,144
725

49, 912
7,791
2,951
6,356
1,445

Total liabilities-.

632, 857 929, 290 196, 820 188,112 124, 264
Kansas City
1930

137, 585

San Francisco
1930

1931

1931

1930

97, 771
7,665

46, 402
7,126

54, 029 290, 354

263, 474
8,813

99, 571 105,436
2,345
2,653

53, 528
4,206

61, 975 298, 747
3,532
5,311

272, 287
6,395

Bills discounted
Bills bought
United States Government securities_
Other securities

15,042
12, 971
31,611

27, 726
11, 666
18, 708
400

4,342
8,575
31, 316

10, 416
3,019
29,864

15, 483
31, 023
51, 082

30, 742
32, 014
62, 810
1,870

Total bills and securities
Due from foreign banks
Federal reserve notes of other banks..
Uncollected items
Bank premises
All other resources

59,624
21
1,798
31, 675
3,803
241

58, 500
251
1,482
21,391
3,649
1,054

44, 233
21
487
17, 362
1,830
551

43, 299
260
397
13,404
1,785
2,302

97, 588
49
2,306
29, 253
4,621
734

127,436
589
1,445
25, 637
4,433

199,078

194, 416

122,218

126, 954

RESOURCES

Total gold reserves
Reserves other than gold.
Total reservesNonreserve cash

Total resources

92, 371
7,200

439,110

LIABILITIES

Federal reserve notes in circulation. _
Deposits:
Member bank—reserve account.
Government
Foreign ban£
Other deposits

68,424

82, 711

31,901

46, 813 185,839

231,079

87,705
1,597
• 173
54

75, 229
1,510
2,229
60

57, 533
673
173
119

48,811 182, 583
1,509
1,409
2,306
397
246
7,037

138,600
3,194
5,226
7,455

Total deposits
Deferred availability items..
Capital paid in
Surplus
All other liabilities

89, 529
27, 711
4,311
8,702
401

79,028
19, 674
4,185
8,124

58,498
17,964
4,356

52,872 191,426
13, 223 30,793
4,135 11,504
7,624 18,475
572
563 j 2,287

154,475
22,448
11,339
17,707
2,062

Total liabilities..

199, 078

194, 416 122, 218 I 126, 954 438, 609 439,110

Back figures.—See Annual Reports for 1930 (Table 11), 1929 (Table 10), and 1928 (Table 8), etc.



48

ANNUAL REPORT OF T H E FEDERAL RESERVE BOARD

No. 13.—NUMBER OP MEMBER BANKS DISCOUNTING PAPER AT FEDERAL R E SERVE BANKS, BY MONTHS, 1914-1931
Month

1914

1915

1916

1917

1918

1919

1920

1921

January...
February.
March
April

398
469
570
606

614
451
535
606

309
262
315
384

1,432
1,353
1,568
2,100

3,316
3,091
3,575
3,875

3,461
3,338
3,670
4,175

5,293
5,107
5,320
5,568

May.....
June
July
August.

693
813
760
711

655
678
642
483

590
900
960
990

2,793
3,021
3,462
3,671

4,035
4,047
3,685
3,460

4,642
4,948
4,858
4,780

5,632
5,745
5,607
5,453

761
794
835
754

448
383
336
314

953
1,140
1,574
1,701

3,464
3,610
3,667

3,722
3,839
3,649

4,758
4,952
5,275
5,551

5,427
5,572
5,622
5,676

3,127

5,493

5,993

6,941

7,415

SeptemberOctober
November..
December..

132
339

1,920

Year.
1922

1923

1924

1925

1926

1927

1928

1929

1930

January—.
February.
March
April

5,350
4,847
4,701
4,738

3,294
2,976
3,282
3,507

3,663
3,465
3,516
3,744

2,554
2,415
2,731
3,016

2,838
2,659
3,045
3,155

2,825
2,566
2,717
2,707

2,256
2,104
2,405
2,522

2,691
2,597
2,860
3,185

3,049
2,730
2,707
2,753

2,721
2,375
2,369
2,185

May
June
July
August

4,636
4,436
4,167
4,042

3,942
3,999
4,110
3,960

3, 795
3,706
3,432
3,052

3,209
3,289
3, 207
2 979

3,282
3,458
3,190
3, 016

2,858
2,834
2,669
2,511

2,742
2,957
2,927
2,797

3, 391
3,414
3, 301
3,012

2,951
2,849
2,729
2,466

2,334

September
October...
November.
December,

3,944
3, 793
3,859
3,873

3,600
3, 752
3,732
3,698

2, 786
2,663
2,573
2,783

2,729
2,796
2,876
3,021

2,879
2,856
2,871
3,024

2,361
2,377
2,350
2,345

2,562
2,663
2,639
2,801

2,822
2,917
3,246
3,080

2,194
2,400
2,476
2,839

2,525
3,288
3,210
3, 375

Year

6,956

6, 333

6,060

5,183

5,343

4,869

4, 718

5,113

4, 991

5,260

Month




1931

2,344
2,304

49

EESEEVE BAKK CREDIT?
No.

14.—BILLS DISCOUNTED BY FEDERAL RESERVE BANKS—HOLDINGS AT THE
END OF EACH MONTH, BY CLASSES

[In thousands of dollars]
Member bank
collateral notes

Rediscounted bills
Total
(all

End of month

Secured Secured
by U.S. by U.S. OtherGovern- Govern- wise sement
ment
cured
obliga- obligations
tions

Commercial Demand Bankers' Trade
and agri- and sight accept- acceptcultural drafts
ances
ances
paper i

1931
January
February
March

231,728
197, 563
250,225

107, 660
97,050
79,258

45
35
21

1,060
881
747

April
May
June
July
August
September

157,076
173,861
149,161

70,766
82,113
82,202

40
29
15

614
1,287
659

195,058
254,702
327,925

88, 637
106,553
107,858

11
22
157

October
November
December

728,203
718,265
638, 293

238,937
228,053
212,416

203
330
133

3
3
589
466

77,812
62,237
128,873

44,562
36, 644
40, 654

931
1,090
1, 602

62,197
63, 571
45,790

22, 525
25, 767
18, 893

674
692
1,228

2,291
2,344
1,707

76, 675
101,063
131,244

26, 770
44,025
85, 728

2,527
2,313
2,355

3,217 358,495
3, 015 362,309
3,591 317,535

124,235
121, 779
102,263

589
716
672

i N o t elsewhere specified.
NOTE.—Figures include bills discounted for Federal intermediate credit banks as follows: March, $121,000; April, $58,000; June, $370,000; September, $77,000; October, $9,073,000; November, $11,320; December,
$11,044,000.
Figures also include notes secured b y adjusted-service certificates discounted for nonmember banks, as
follows: January, $50,000; February, $48,000; March, $77,000; April, $78,000; M a y , $93,000; June, $126,000;
July, $131,000; August, $122,000; September, $437,000; October, $550,000; November, $488,000; December,
$458,000.
Back figures.—See Annual Report for 1930 (Table 13), 1929 (Table 12), and 1928 (Table 11).
No.

15.—BILLS BOUGHT BY FEDERAL RESERVE BANKS—HOLDINGS AT THE END
OF EACH MONTH, BY CLASSES

[In thousands of dollars]
Bills payable in dollars
Bankers' acceptances
Based on—

End of month

Total

Total
Total

Bills
payBased on
able
goods
Goods
in
stored
Trade
stored
foreign
in
acceptin U. S. Dollar foreign
ances jurren
ImExAll
(warecies
excountries
ports ports
other
house
or
into
from credits) change
shipped
United United
or
between
States States shipped
foreign
between
points
domestic
points

1931
January
February
March
April

125,384
108,973
124, 303
162, 652

89,265
85,015
123,240
161, 578

89,265 10,362
85, 015 12,713
123,240 17,468
161, 578 24,360

May
June
July
August

125,453
105, 502
73, 352
215, 353

124, 380
94,951

124,380
94,951
38,981
70, 111

September
October
November
December

468, 527
680, 764
451,712
338, 687

419, 723 419, 723 67,993
647,263 647,263 105,382
418,326 418,326 61,247
305,258 305, 258 43, 047

70,138

13,488
10, 828
22, 767
25, 348

23, 319
17, 086
27,227
37,405

2,574
1,900
3,075
7,751

38, 841
41,945
51,597
60,293

681
543
1,106
6,421

36,119
23,958
1,063
1,074

19, 581 18, 201
15,465 15,815
7,394 5,744
9,769 8,844

19,271
16, 792
8,193
7,894

5,922
5,236
1,787
2,526

58, 647
39, 220
15, 694
38,288

2,758
2,423
169
2,790

1,073
10, 551
34, 371
27 145, 215

87, 640
129,078
98, 511
84,008

17,412
24,378
15,824
13, 675

184, 742
285,087
170,482
103, 582

6,614
9,905
6,001
5,698

48, 804
33, 501
33,386
33,429

55, 322
93, 433
66,261
55, 248

Back figures.—See Annual Report for 1930 (Table 14), 1929 (Table 13), 1928 (Table 12), etc.




50

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No.

16.—HOLDINGS OF BILLS DISCOUNTED AND BILLS BOUGHT BY FEDERAL
RESERVE BANKS, BY MATURITIES, 1930-31

[In thousands of dollars]
Maturity
Date

Bills discounted:

Total

Within
15 days

16 to 30
days

91 days

31 to 60
days

61 to 90
days

to 6
months

Over 6
months

1930—Jan. 29..
Feb. 26.
Mar. 26.
Apr. 30..

406,941
342, 781
206, 829
233,452

304,177
253,437
132,180
149,986

26,116
23, 760
17, 966
17, 292

41,030
36.142
27, 694
29, 723

25, 263
20,012
16,462
18,878

9,368
6,800
8,019
14,362

987
2,630
4,508
3,211

May 23.
June 25.
July 30..
Aug. 27.

247,046
231, 505
197,101
193, 275

152, 044
135,408
105,806
107, 399

20. 736
19,476
18,141
16, 853

33, 329
30,110
28, 111
39, 215

18,431
22,050
30,414
23, 271

21, 312
24, 242
14, 558
6,397

1,194
219
71
140

Sept. 24.
Oct. 29..
Nov. 26.
Dec. 31.

167,162
201, 603
233, 852
251,398

93,003
128, 309
152, 715
175, 501

20, 581
19, 559
21, 725
17, 659

30, 206
30, 871
30,117
26,966

14,496
16, 234
16.958
19,459

3,686
6,020
10, 995
10, 634

190
610
1,342
1,179

1931—Jan. 28..
Feb. 25.
Mar. 25.
Apr. 29.

215,137
189,847
165,425
155,151

131, 600
117, 738
102, 694
98,316

18,931
16, 946
14,152
12,065

30, 584
27,188
22,426
19,123

21,021
16,388
14, 236
13,143

10, 924
8,430
7,817
10, 277

2,077
3,157
4,100
2,227

May 27.
June 24.
July 29..
Aug. 26.

152, 852
197, 678
183,036
241,718

86, 762
126,332
110,015
155,446

13, 313
14,470
13,160
17, 768

12, 864
15,907
22,559
23,327

15, 395
18, 318
12, 874
6,975

1,005
443
486
513

Sept. 30.
Oct. 28..
Nov. 25.
Dec. 30.

327, 925
716, 680
686,401
1,023, 883

245,975
496,925
496,318
851,308

19, 562
52, 234
63, 758
39, 895

23, 513
22, 208
23, 942
37, 689
35, 058
102,795
71, 242
61,106

21,808
51,075
33,918
51,407

4,966
12,390
19,366
18,156

556
1,261
1,799
2,011

Bills bought:
1930—Jan. 29..
Feb. 26.
Mar. 26.
Apr. 30.

258,472
299,306
256,482
209, 564

119, 202
158,895
172,731
110,370

48, 576
70, 628
28, 467
44, 260

67,917
50,007
40, 634
39, 864

22,088
19, 583
13,977
11,913

193
673
3,157

May 28.
June 25.
July 30..
Aug. 27.

175,
102,
130,
163,

560
313
762
274

103, 869
49, 607
60, 828
53,960

29,069
24,092
19, 938
33, 575

32, 573
23,077
32,488
71, 621

9,177
4,399
16, 368
4,097

872
1,138
1,140
21

Sept. 24.
Oct. 29_.
Nov. 26.
Dec. 31_.

197,743
165, 658
176,106
363, 844

105,051
48, 200
65, 854
219, 272

39,930
42, 236
53,802
47,249

4,047
31, 333
12,088
28,129

10
115
159
1,132

1931—Jan. 28..
Feb. 25.
Mar. 25.
Apr. 29.

120, 241
106, 317
83, 272
169, 765

45,372
39,496
54,399
101, 395

48, 705
43, 774
44, 203
68,062
17, 745
36, 653
17,835
27,321

32,927
23, 608
9,666
22,301

23,341
5,844
1,245
18,440

856
716
127

May 27.
June 24.
July 29.
Aug. 26.

124,
106,
66,
180,

501
390
536
518

46, 582
57, 073
21,782
29,120

30, 805
27, 832
7,821
25,181

42, 768
17, 280
4,303
2,128

3,848
4,088
32, 532
124,051

117

Sept. 30.
Oct. 28.
Nov. 25.
Dec. 30.

468, 527
724,680
479, 798
326,975

119, 241
113,109
158, 236
192,124

60,113
114, 504
139, 364
64,096

116,763
275, 279
169, 359
50,940

167,987
214. 263
11, 688
19,056

4,423
7,525
1,151
759

Back figures—See Annual Report for 1930 (Table 15), 1929 (Table 14), 1928 (Table 13), 1927 (Table 13),
1925 (Tables 20 and 25), 1924 (Tables 21 and 30), etc.




51

BESEKVE BANK CREDIT

No. 17.—HOLDINGS OF UNITED STATES GOVERNMENT SECURITIES BY FEDERAL
RESERVE BANKS AT END OF EACH YEAR, 1927-1931, BY CLASSES

[In thousands of dollars]
1927

1928

1929

1930

1931

TOTAL HOLDINGS

Bonds:
2 per cent consols of 1930
2 per cent Panamas, 1936-1938
3 per cent conversion bonds of 1946-47
3 ^ percent Liberty loan
4J-4 per cent Liberty loan
SH per cent Treasury bonds Qf 1940-1943..
3% per cent Treasury bonds Of 1941-1943..
2H per cent Treasury bonds of 1943-1947.
4H per cent Treasury bonds of 1947-1952.,
4 per cent Treasury bonds of 1944-1954
3U per cent Treasury bonds of 1946-1956..
Z\i per cent Treasury bonds of 1946-1949..
3 per cent Treasury bonds of 1951-1955. — .
Total bonds
Treasury notes
Certificates of indebtedness..
Treasury bills
Total U. S. Government securities.

915
237
i 2, 046
10
2 278, 698

915
237
i 1, 796
51
2 40, 524
842

915
237
i 1, 796
1
2 72. 253
12

2,622
148
6,019
10

2,784
156
6,119
460

"516"

290, 705
69,113
256, 698

53, 884
105, 963
68, 217

616, 516

228,

064

187

76, 817
215, 604
161,916
56, 250
510,587

2

915
237
i 1, 796
10,102
103,060
5,009
3,202
7, 852
27, 712
3, 900

163, 785
226, 473
315, 028
24,181
r

29,467 !

()

1
655
84, 525
2 213, 240
14,854
13, 245
8,560
717
7,379
5,082
10,272
1,837

360, 366
33,038
271,199
152, 354
816,957

BOUGHT OUTRIGHT

In special investment account:
3^i percent Liberty loan
4H per cent Liberty loan
Treasury notes
Certificates of indebtedness
Treasury bills
Total in special investment account.
In other accounts:
Bonds—
2 per cent consols of 1930
2 per cent Panamas of 1936-1938
3 per cent conversion bonds of 1946-47
3J-6 per cent Liberty loan
4H per cent Liberty loan
3% per cent Treasury bonds of 1940-1943
ZH per cent Treasury bonds of 1941-1943
3% per cent Treasury bonds of 1943-1947
4)4 per cent Treasury bonds of 1947-1952
4 per cent Treasury bonds of 1944-1954
3% per cent Treasury bonds of 1946-1956
S}i per cent Treasury bonds of 1946-1949
3 per cent Treasury bonds of 1951-1955
Total bonds
Treasury notes
Certificates of indebtedness..
Treasury bills

188,181
30, 300
204, 678

35, 301
40, 291

33,950
63, 365
129, 935
50,250

28,048
159, 532
223,463
24,181

80,025
131,790
20,000
252,283
82, 718

423,159

75, 592

277, 500

435, 224

566, 816

915
237
1, 796
51
39, 713

915
237
i 1, 796
1
2 32, 223
12

915
237
i 1, 796
9,252
2 60, 244
5,009

2,622
148
6, 019
10

2, 634
156
6,019
10

"416"

87, 410
21, 913
27,475

51, 594
60, 482
9, 465

915
237
i 2, 046
10
2 75, 403

1
2

()
i 655
4,500

3,202
7,852
20, 712
3,900

2 68,965
14, 854
11,152
8,560
717
5,223
5,082
10, 272
542

35, 787
136, 023
31,981
6,000

113,119
48, 581
89,140

130, 522
11, 538
17,816
47, 936

187

Total in other accounts_.

136, 798

209, 791

250, 840

207, 812

Total bought outright..

559, 957

487,291

686, 064

774, 628

6,080

850
14, 768

BOUGHT UNDER RESALE AGREEMENT

Bonds:
3 ^ per cent Liberty loan
434 percent Liberty loan
SH per cent Treasury bonds of 1940-1943...
ZH per cent Treasury bonds of 1941-1943...
ZH per cent Treasury bonds of 1943-1947...
4 per cent Treasury bonds of 1944-1954
3% per cent Treasury bonds of 1946-1956._.
3 per cent Treasury bonds of 1951-1955
Total bonds
Treasury notes
Certificates of indebtedness
Treasury bills
Total bought under resale agreement
1
2

15,114

811
779

12,485
"¥, 093

150 j
100 I
450

100
900

7,000

2,156
~1~295

15,114
16, 900
24, 545

2, 290
10. ISO
18,461 !

7, 0S0
16, 216

22, 618
18, 360
2,425

18, 029
1,500
1,100
21, 700

56, 559

30, 931

23, 296

43, 403

42, 329

Includes $500, 3 per cent loan of 1961.
Includes 4 per cent Liberty bonds as follows: 1927, $2,650; 192% $1,250; 1929, $1,200; 1930, $1,050; 1931,
$1,950.
»$100.

Back figures.—See Annual Reports for 1930 (Table 16) and 1925 (Table 27).



52

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 18.—UNITED STATES GOVERNMENT SECURITIES HELD BY FEDERAL RESERVE
BANKS IN SYSTEM INVESTMENT ACCOUNT, UNDER RESALE AGREEMENT, ETC.
(AVERAGE BASIS), 1930-31
[In millions of dollars]
Average amount held—

Average amount held—
Outside system investment account

Outside system investment account
Month or In sysperiod tem inAll
vest1-day
ment Under Treas- other Total
U. S.
acresale
ury
count agree- certifi- Government
ment
cates securities
1930
J a n u a r y ___
February _
Mar. 1-9Mar. 10-201
Mar. 21-31

278
278
278
317
324

7
3
2
2
5

April
M a y _ . ._June 1 1
—5
J u n e 16i__.
June 17-30

.327
327
355
377
377

3
1
1
18
4

July
August
Sept. 1-14 _
Sept. 1.5-181
Sept.19-30-

377
397
402
402
402

5
1

Oetober
November
Dec. 1-14. _
Dec.15-19 1
Dec.20-31-

402
402
402
402
407

61

114

52

3
1
10

74

Month or In system inperiod
All
vestTotal
1-day
ment Under Treas- other
U. S.
acresale
ury
count agree- certifi- Government
ment^ cates securities

200
199
214
208
199

485
480
494
588
528

1931
January. __
February.
Mar. 1-15 1
Mar.16-23
Mar.24-31.

408
402
402
402
402

200
201
198
163
202

530
529
554
672
583

April
May
June 1-14.
June 151 __
June 16-30.

402
437
444
444
454

201
201
192
146
198

583
599
594
600
600

July
August
Sept.1-14..
Sept.15-171
Sept. 18-30.

517
524
524
524
524

200
197
210
213
242

602
599
615
690
659

October.._
November
Dec. 1-14_ .
Dec.15-22 i
Dec.23-31.

524
524
524
524
566

7
2
(2)
1
(2)
39

1
70
5
1
(2)

1
Periods of Treasury financing during which 1-day certificates were held.
2 Less t h a n $500,000.

Back figures.—See Annual Report for 1930 (Table 17).




27

2
162
1
(See Table 20.)

232
201
197
185
197

647
603
601
614
600

197
162
155
142
164

600
599
600
625
618

157
188
204
160
211

674
712
729
754
740

208
203
197
190
206

733
727
723
876
773

RESERVE BANK

53

CREDIT

N o . 1 9 . — U N I T E D S T A T E S G O V E R N M E N T S E C U R I T I E S H E L D BY F E D E R A L R E S E R V E
B A N K S I N SYSTEM I N V E S T M E N T ACCOUNT, U N D E R R E S A L E A G R E E M E N T , ETC.
(WEDNESDAY BASIS)
[In millions of dollars]
Amount held—

Amount held—
Outside system investment account
Date

In system investment Under
acresale
count agreement

Outside system investment account

All
other Total
1-day
Treas- U. S.
ury Governcertifi- ment
cates securities

1931
Jan. 7
Jan. 14.—
Jan 21
Jan. 2 8 . - . .

409
402
402
402

Feb.
Feb
Feb
Feb.

4
11
18
25....

402
402
402
402

Mar.
Mar.
Mar.
Mar.

4
11. __
18.. _
25.__

402
402
402
402

Apr. 1
Apr. 8
Apr. 15_
Apr. 22
Apr. 29____

402
402
402
402
402

196
196
196
196
196

May 6
May 13___
May 20 _
May27___

425
440
444
444

174
159
154
154

June 3
June 10
June 17....
June 24

444
444
444
464

154
155
155
154

1

484
514
524
524
524

179
153
153
154
154

663
668
678
678
678

Aug. 5 ___
Aug. 12__.
Aug. 19___
Aug. 26
600 Sept. 2
605 Sept 9
618 Sept. 16
599 Sept 23
Sept. 30___
598 ,
599 Oct. 7
599 Oct 14
599 Oct. 21
598 Oct. 28
598 Nov. 4 __
11_
598 Nov. 18
Nov
599 ! Nov 25
598
Dec. 2
598 ! Dec. 9
599 Dec 16
599 Dec. 23____
619 Dec. 30_.._

524
524
524
524
524
524
524
524
524
524
524
524
524
524
524
524
524
524
524
524
574
567

156
203
203
204
204
204
159
214
214
214
203
203
202
203
203
203
203
193
193
183
184
198

681
728
728
728

207
207
197
197

0)

(i)

45

659
644
625
610
610
610
600
599

197
197
170
196

i Less than $500,000.
Back figures.—See Annual Report for 1930 (Table 17a).




In system inAll
vest1-day
ment Under Treas- other Total
U. S.
acresale
ury
count agree- certifi- Government
ment
cates securities

1931
July 1
July 8
July 15
July 2 2 . . . .
July 29

249
242
222
208

1
5

Date

59
4

1

198
38

72H
742
738
742
738
727
727
727
728
727
727
727
717
717
906
758
803

54
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
$0.—HOLDINGS BY FEDERAL RESERVE BANKS OF 1-DAY CERTIFICATES OF
INDEBTEDNESS ISSUED BY THE UNITED STATES TREASURY, 1924-1931
[In thousands of dollars]
Date

Mar.
Mar.
Mar.
Mar
Mar
Mar
Mar
Mar
Mar
Mar
Mar
Mar.

10
11
13
15
16
17
IS
19
20
21
22
23

June 8--10
June 15
June 16
June 17
June 18
June 19
June 20
June 21
Sept.
gent
Sept
Sept.
Sept

1924

1927

1926

i 184, 000
i 184,000
108, 500
87.000
58,000
14,000

- - -

209,000
157,000
99,000
38,000

182,000
122, 500
100, 500
58, 500
34, 500
i 2,000
i 2,000

-_

4,000
246, 000
141, 500
77,000
23,000

-- 108,000
42. 500
8,000

66,000
20,000

1928

192, 500 1 239, 500
* 82,000 1 239, 500
1 82, 000
50, 500
5,000

185,000
44, 500
15, 500
i 6, 500
i 6, 500

--

--

192,000
72, 500
7,000

177, 500
94,000
41, 000

i

-- -

- -

I

148,000
75,000
40,000
---

172,000
91,000
34, 500

188,000
70, 000

1—

196, 500
91. 500
154; 000
1 54,000

1 15S, 000
1 158,000
31,000
47,000
1 4,000

6,000
89, 500
164, 500
214, 500
134, 500
1 156, 500
45, 500
62,000
1 80, 500
20, 500
1 27,000
38,000
2,000
4,000
15,000
1 27,000
38,000
47, 000
50,000
54, 000
58, 000
1 57,000
54,000
50,000
40,000
197, 500 1 316,000
106, 500 1 316, COO
1 57,000
132,000
1 57,000
183.000
10,000
77, 500
63,000

1 2-day certificates, account Sunday or holiday
Back figures {for 1928).—See Annual Report for 1929 (Table 17).




1930

"1147666"

1931

64,000
27,000
45,000
22,000
9,000
1 12 000
1 12, 000
22,000
38, 500

19,000
4,000

1

118,000
62 000
35, 000
5,000

1929

2,000
1,000
5,000
314,000 '218,000
201, 000
251,500
177, 500
208, 000 * 181, 000 J 218,000
176,000 1 155,000 1 181,000
105,500
79,000 1 155,000
129, 000
56, 500
i 48,000
29,000
60, 500
75,000
» 48, 000
35,000
19,000
13,000
16, 000
9,000
9,000
3,000

--

15
16
17
18
22-23

Oct. 18
Nov 15
Nov 16
Nov 17
Nov. 18
Nov 19-20
Nov. 21
Nov. 22
Nov 23-24
Nov. 25
Nov 26-27
Nov 28
Nov 30
Dec 1
Dec. 2
Dec 3-4
Dec 5
Dec 6
Dec 7
Dec 8
Dec 9
Dec 10-11
Dec 12
Dec 13
Dec. 14
Dec 1 5
J
Dec 16
Dec. 17
Dec 18
Dec. 19
Dec. 20 - - Dec 21
Dec 22
Dec 23

1925

162, 500
33,000

312, 500
99, 500
69,000
19,000
9,000
» 4,000
1 4,000
3,000

104, 500
54,000
45,000
3,000

129,000
59,000
23,000

135,000
68,000
109,000
55,000
3,000

219, 500
197, 500
184, 250
198, 000
1 181, 000
1 181,000
107, 000
29, 000

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

55

VOLUME OF OPERATIONS OF FEDERAL RESERVE BANKS
No. 21.—VOLUME OF OPERATIONS IN PRINCIPAL DEPARTMENTS, 1927-1931
{Number in thousands; amounts in thousands of dollars]
1927

1928

1930

1931

NUMBER OF PIECES HANDLED 1
Bills discounted:
Applications
Notes discounted
_
Bills purchased in open market for own
account
_
_
Currency received and counted
Coin received and counted
Checks handled
Collection items handled:
United States Government coupons
paid
Allother
United States Government s e c u r i t i e s issues, redemptions, and exchanges by
fiscal agency department
Transfers of funds
_.

97
371

123
443

145
526

415

113
513

254
2,194, 608
2,691,184
862, 275

251
2, 270, 555
2,929,091
887, 997

196
2,427, 330
3, 239. 709
924, 449

208
2,441,985
3,325, 555
904, 97

221
2, 269, 292
2, 900,462
864,615

37,045
5,909

28, 765
6,461

20. 935
6,504

19,362
6,388

17, 322
6,927

7,201
1,830

6,682
2,011

1,833
2,139

1,417
1,868

2,435
1,663

31,934, 607 62, 412, 961 60, 747,124 14,067,117
Bills discounted
_
Bills purchased in open market for own
4,050,867
account
_
__
4, 240, 669
3, 587, 478
3,873,698
12, 939, 578 13, 315, 551 14, 782,429 14, 262,809
Currency received and counted
432,131
Coin received and counted
451,125
478,219
537, 534
Checks handled
278, 399,627 301, 703,814 367, 215,123 324, 883,021
Collection items handled:
United States Government coupons
paid.
553, 703
543, 373
535, 612
499, 111
All other.
_
6, 710, 317
7, 414,440
7,185, 384
7, 528,014
United States Government s e c u r i t i e s issues, redemptions, and exchanges by
fiscal agency department
__. 10, 803,043
9,002, 383
7,018,844
7, 245,189
Transfers of funds
136, 383, 899 148,749,027 (170,789,669 198,880, 880

14, 555, 590

AMOUNTS HANDLED

2, 998, 415
12, 668, 638
585,945
248,172, 956
479, 960
7,321,814
17, 543, 480
162,095, 081

i Two or more checks, coupons, etc., handled as a single item are counted as 1 " piece."
Back jigures.—See Annual Reports for 1930 (Table 19), 1925 (p. 26), 1924 (p. 14), and 1923 (p. 41).

125554—32




5

56

ANNUAL, REPORT OF THE FEDERAL RESERVE BOARD

GOLD SETTLEMENT FUND
No. 22,—SUMMARY

OF TRANSACTIONS TROUGH THE FUND,

1924-1931

[In millions of dollars]

Balance
at beginning'of
period

Year and month

1924
1925
1926-__.
1927
1928
1929
1930_
1931

! 571.1
679.5
i
689.2
I
665.3
I
528. 2
687. 0
511.2
I 417.4
1931

January
February
March
April
May.
June

Daily settlements
between Federal
reserve banks

Interreserve
bank
transfers

Withdrawals

635.8
673.2
658. 4
758.7
669.4
540.1

919.6
909.0
1, 043. 4
1,436. 7
1,172. 6
1,052.1
1,530. 2
1, 905. 0

1,921. 8
1, 779. 0
3, 029. 2
3,797. 3
2, 855. 6
3,160. 4
2, 063. 8
2, 729. 0

2, 030. 2
1, 788. 6
3, 005. 3
3,660. 3
3,014.4
2, 984. 5
1,970. 0
2, 625. 7

679.5
689.2
665.3
528.2
687. 0
511. 2
417.4
314.1

11, 778.1
9, 346.1
12,018. 7
11, 423. 2
10, 527. 2
11, 933. 4

49.9
40. 1
39.4
37.5
44.1
43.0

47.5
91.0
298.0
239.0
181.1
163.9

140.8
51.6
66.7
138.1
84.5
214.7

145.0
103.6
93.0
193.2
122.5
91.8

421.7
473.7
500.0
555. 0
593.1
470.2

10,122. 2
9,450. 2
10. 079. 8
9. 673.1
7, 826. 0
9, 959. 4

44.6
44.6
46.1
51.1
47.4
52.3

81.3
95.1
273.1
148.5
81.0
205.4

179.8
105.4
304. 5
683.7
224.2
535.0

124.2
130.0
311.1
610. 6
218.2
482.5

414.5
439.1
445. 6
372.6
366. 5
314. 1

Federal
reserve
note
clearing

Transit
clearing

97,698. 3
108, 289. 5
115, 455. 3
123, 031. 5
132, 525. 2
145,132. 4
151,458. 3
124, 137. 3

0)
(0

Balance
Deposits at end of
period

!
417.4
I 421.7
I
473. 7
j
500. 0
555.0
---j 593.1
I
|
470.2
•• 414. 5
:
439.1
:
445.6
372.6
I
366. 5

.
-.

July
August
September
October
November
December
1

Included i n transit clearing.
Back figures—See Annual Report for 1930 (Table 20), 1929 (Table 19), 1928 (Table 20), etc.

FEDERAL RESERVE AGENTS' GOLD FUND
No.

2$.—SUMMARY

OF TRANSACTIONS TROUGH THE FUND,

1924-1931

[In millions of dollars]
Balance at
beginning
of period

Year and month

1924
1925
1926
1927..
1928
1929
1930
1931

.

.

_

.

_

1,648.9
1,307. 9
960.2
963.4
1, 028. 3
761.9
1, 262. 9
1,109. 4

Withdrawals

626.0
559.8
568.2
454.2
473.6
358.5
1.0

Deposits

149.5
126.0
112.3
63.3
70.5
149.9
.5
1.3

1931

Transfers
to bank

Transfers
from bank

Balance a t
end of
period

1,022.8
975.6
1, 799. 4
2,458. 4
1, 631. 4
1, 500. 6
1,101. 7
1,678. 5

1,158.3
1, 061. 7
2,258. 5
2,914. 3
1, 768.1
2, 210. 2
947.8
1,819.5

1, 307. 9
960. 2
963.4
1, 028. 3
761.9
1, 262. 9
1,109.4
1, 250. 7

Feb^uarv
M^arch
April
May

June

1,109. 4
1 138 0
1 101. 7
1,110. 0
1,170. 3
1,167. 5

94.4
66 5
32.5
55.0
68.5
41.1

123. 0
30.2
40.8
115.3
65.7
180.2

1,138. 0
1,101. 7
1,110. 0
1,170.3
1,167. 5
1,306. 5

July
August
September
October
November
December

1,306. 5
1,443 8
1,416.2
1,278 2
929.2
1, 038. 3

21.7
110.5
**73 9
514.5
104.5
295.5

159.0
82.9
135.8
166.5
213. 2
507.1

1,443. 8
1, 416. 2
1, 278. 2
929.2
1, 038. 3
1, 250. 7

January

1.0
.5
.8

Back figures—See Annual Report for 1930 (Table 21) 1929 (Table 20), 1928 (Table 20), etc.




57

AtttttJAL KEPOBT OF THE FEDERAL RESERVE BOARD

MEMBERSHIP IN PAR COLLECTION SYSTEM
No. 24.—NUMBER OF BANKS ON PAR LIST AND NOT ON PAR LIST, 1924-1931
[The figures for member banks, beginning with March, 1925, represent the number of banks in actual
operation; prior to that time the number of banks shown by capital-stock records of Federal reserve
banksj
1927

January
February
March
April

9,875
9,856
,8201
, 806|

16,484
16,337
16,246
16,119

3,013
3,084
3,142
3,185

9,674
9,662|
9, 535
9,540

15,361
15,268
15,193
15,079

3,986
3,990
3,981
3,963

13,852
13,781
13, 700
13,643

3,833
3,839
3,858

May
June
July.
August

9,785
,763
,745|
9,733

15,981
15,896
15,820
15,736

3,240
3,301
3,353
3,419

9,550
9,546
9,544
9,540

14,970
14, 932
14,888
14,857

3,971 9,110 13, 589
3,965 9,106 13, 556
3,901 9,105 13,528!
3,907 9,099 13,486;

3, 867
3,863
3,857
3,858

3,496
3,550
3,612
3,647

9,545
9,532!
9,5211
9,489|

14.786
14,742
14,701
14,643

_

September
October
November
December

,718 15,662
9, 7081 15,601
9,700! 15,524
9,682 15,445

1929

1928

End of month

9,360 14,130
9,336| 14,073
3,9681 9,301 13,991
3,970 9,260 13,911

9,206
9,168
9,143
9,130

3,924
3,935
3,925
3,913

1930

Nonmember
Nonmember
Nonmember
Nonmember
banks
banks
banks
banks
MemMemMemMember
ber
ber
ber
banks On par Not on banks On par,Not on banks On par Not on banks On par Not on
list par list!
list par list
list
list
list par list

January...
February.
March
April

1,014 13,155 3,918
1,987 13,101 i 3,905
1.971 13, 035! 3, 910
12,960 3,908

8,807
8,777
8,758
8,743

12,567
12, 506
12,466
12,411

3,913|
3,909;
3,901
3,903

8,486
8, 447
8, 407
8,382

11,943
11,864
11,776
11,703

3,728
3,712
3, 689
3,645

8,006
7, 968
7,924
7,888

10,797
10, 718
10, 648
10, 567

3,413
3,441
3,427
3,455

May
June
July
August..

8,935
8,929
8,920
8,912

8,731
8,707
8,677
8,656

12, 346
12, 318
12, 275
12, 242

3,829j
3,812;
3, 779
3, 779

8,359
8,315
8,284
8, 271

11, 6351
11,559
11,485
11,412

3, 640
3, 629
3,624
3,632

7,842
7,782
7,746
7,679

10,471
10, 327
10,238
10,103

3,452
3,437
3,446
3,429

September
October
._
November
December.

8,899 12,800, 3,954 8,629
8.893 12.7581 3,936 8,602
12,713! 3,913 8,569
8,837 12,643 3,911 8,522

12, 221
12,175
12,104
12,045

3,777 8, 252
3, 7691 8,228
3, 761 8,159
3,754 8,052

11,338
11,269
11,129
10,956

3, 62f
3, 607
3, 532
3,437

7,594
7,426
7,358
7,246

9,883
9,541
9,431
9,181

3,383
3,296
3,261
3,207

12,925
12,8881
12,864j
12,8381

3, 916
3,926
3,934
3,936

1
Reduction from preceding months due largely to exclusion of member banks carried on capital-stock
records, but not in actual operation; on this date (March 31,1925) the number of such banks was 108.
NOTE.—Nonmember banks not on par list comprise all incorporated banks, other than mutual savings
banks, that have not agreed to pay, without deductions for exchange, such checks drawn upon them as are
presented for payment by the Federal reserve banks.
Back figures.—See Annual Report for 1928 (Table 21).




58

ANNUAL REPORT OP THE FEDERAL RESERVE BOARD

FEDERAL RESERVE BANK PREMISES
No. 25«—COST OF BANK PREMISES OF FEDERAL RESERVE BANKS AND BRANCHES
TO DECEMBER 31,
1931

NEW BUILDINGS CONSTRUCTED BY FEDERAL RESERVE BANKS

Federal reserve bank
or branch

Boston
New York:
Main building
Annex building
Cleveland _ Pittsburgh,

Cost of buildings
Cost of
land, including
Fixed
old build- machinings de- ery and All other Total
molished, equipnet
ment
$1, 246, 726

Total
cost of
land and
buildings

Book
value,
net

$662, 157 $3, 542, 603,$4, 204, 760 $5,451, 486 $3, 335, 841

Date occupied

March, 1922.

4, 850, 210 3,145,152 11, 603, 541 14, 748, 693 19, 598,903 12, 635,072
,
i, 598,
592, 679
215, 418 1,451,570
" ' " "•"
2, 259, 667 1,513,721

October, 1924.
C1)

1, 549, 894 6, 464, 253 8, 014,147 9, 309, 637 5,040,509
1, 295, •
781, 364
978, 604 1, 295, 783 2,077,147 2,077,147
317,179

August, 1923.
December, 1931

Richmond:
M a i n building
Annex building

Baltimore

271, 924
80, 333
250, 487

470, 644 2, 046, 286 2, 516,930 2,
1, 812, 541
.
104, 217
482, 482
586, 699
267,134
667, 032
322,156 1, 244, 684 1, 566, 840 1, 817,327 1, 525, 548

October, 1921.
I1)
September, 1928.

Atlanta
Birmingham. _
Jacksonville, _
New Orleans.

283, 000
124,137
45, 842
201, 250

.175, 279 1, 355, 487 1, 530, 766 1, 813, 766 1,121, 226
46, 788
311,336
358,124
482, 261
360, 068
25, 956
214, 312
240, 268
286,110
189, 692
738, 404
897, 906 1, 099,156
648, 225
159, 502

October, 1918.
January, 1927.
June, 1924.
October, 1923.

Chicago
Detroit

St. Louis
Little Rock__
Memphis

| 2,963,548 1, 276, 579 6, 217,105 7, 493, 684 10, 457, 232 6,182, 646
113,161 1, 003, 438 1,116, 599 1, 766, 599 1, 644, 831
j 650,000
1, 355, 374 1,126,036 2,111,809 3,237,845 4,593,219 2, 585,014
85, 007
103, 6081 233, 079
291, 772
336, 687
421, 694
100, 906
41, 4961
234, 859
336, 812
276, 355j 377, 261

July, 1922.
December, 1927.
June, 1925.
March, 1925.
June, 1929.

Minneapolis..

600, 521

620, 054 2, 316, 745 2, 936, 799 3, 537, 320 1, 777, 735

February, 1925.

Kansas City
Denver
Oklahoma City
Omaha

495, 300
101, 512
65,021
176, 427

777,
55,
74,
70,

November, 1921.
November, 1925.
April, 1923.
December, 1925.

Dallas
El Paso
Houston
San Antonio-.

181,120
39, 003
66, 313
75, 002

346, 807 1,148, 417 1, 495, 224 1, 676, 344 1,124, 595
10, 824
111,369
161,196
122,193
112, 600
285, 908
63,105
415, 326
349, 013
306,127
157,811
21, 019
253,832
241, 994
1

March, 1921.
August, 1920.
February, 1922.
October, 1928.

San Francisco.
Los Angeles
Salt Lake

412, 996
454, 592
114, 075

774, 908 3,144, 407 3, 919, 315 4, 332, 311 2, 364,198
282,171
977, 985 1, 260,156 1, 714, 748 1, 619,194
84, 814
341, 449
426, 263
449, 822
540,338

December, 1923.
April, 1930.
February, 1927.

Total.

940 3,391,101 4,169,041 4, 664, 341 2, 395,113
448
505, 324
421, 716
449, 876
345, 923
891
484, 781
409, 890
549, 802
486, 314
644, 852
487
468, 425
397, 938

17, 960,159 13, 037, 690 53, 366, 748 66,404,438 84, 364, 597 53, 213,130

B U I L D I N G S P U R C H A S E D BY F E D E R A L RESERVE BANKS
[Amounts shown under "Cost of land" represent appraised value of land—remainder of actual cost included in " Cost of buildings"]
New York (No. 10 Gold
Street)
Buffalo
Philadelphia
Pittsburgh
Nashville
Louisville
Helena
Total
Grand total-

45, 000
255, 000
1, 652, 957
297, 000
48, 000
131,1""
5,000

125, 864
125, 864
170, 864
95,600
(i)
465, 707
465, 7071
720, 707
572,400 M a y , 1928.
339,584 2,066,932 2,406,516 4,059,473 2,626,467} December, 1917.
138, 994
560, 460
689, 322
699, 454!
996, 454
25,101
211,616}
169,428^ December, 1922.
236, 717
284, 717
35, 060
226, 259
247,0071 J u n e , 1919.
261, 319
392,496
16,109
156, 290
55,981' February, 1921.
172, 399
177, 399

2, 434,134

554, 848 3, 813,128

4, 367, 976 6, 802,110J 4, 456,205;

20, 394, 293 13, 592, 538 57,179,876 70, 772, 414|91,166,707 57, 669, 335'

1 Occupied by tenants.
2 Estimated cost to complete, $153,628.
NOTE:.—No bank buildings or sites therefor have been acquired for the following branches and agencies:
Branches—Charlotte, Portland, Seattle, Spokane; agencies—Savannah, Habana. The Cincinnati branch
since January 3, 1928, has occupied quarters in the chamber of commerce building, erected on the site
leased to the Cincinnati Chamber of Commerce by the Federal Reserve Bank of Cleveland.




ANNUAL. REPORT OF THE FEDERAL RESERVE BOARD

59

EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS
No. 26.—GROSS AND N E T EARNINGS OF FEDERAL RESERVE BANKS, AND DISPOSITION MADE OF N E T EARNINGS, 1914-1931
[Figures for epch Federal reserve bank are given in Table 86]
Earnings

Disposition of net earnings

Year
Gross

Dividends
paid

Profit (+)
Franchise
tax paid to or loss (—)
carried
U. S. Govforward
ernment *

Transferred to
surplusl

1

$2,173, 252
5,217,998
16,128, 339
67,584,417
102,380, 583

1920
1921
1922
1923
1924

.

-.

.

Total

$217, 463
1, 742, 774
6,801,726
5, 540, 684
5, 011,832

$1,134, 234
48, 334, 341
70, 651, 778

$1,134, 234

181 296,711
122,865, 866
50,498,699
50, 708, 566
38, 340, 449

.

-$141, 459
2, 750,998
9, 579,607
52, 716, 310
78. 387. 504
149 294.774
82, 087, 225
16, 497. 736
12. 711, 286
3, 718,180

5,654,018
6, 119,673
6, 307, 035
6, 552, 717
6, 682, 496

82,916.014
15,993,086
-659,904
2, o45, 513
- 3 , 077, 962

60, 724, 742
59, 974, 466
10, 850, 605
3,613,056
113,646

41, 800, 706
47, 599, 595
43,024,484
64.052,860
70, 955, 496
36, 424, 044
29, 701, 279

1914-15
1916
1917
1918
1919

1925
1926
1927
1928
1929
1930
1931

Net

9, 449, 066
16,611,745
13,048, 249
32,122,021
36,402, 741
7,988,182
2, 972, 068

970, 753, 344

6,915, 958
2,473,808
7,329,169
8,464, 426
7,754, 539
5,044,119
8,458,463
21.078,899
9, 583, 913
22, 535, 597
10,268, 598 -2,297,724
10,029, 760 -15,215,962

526,176, 231 110, 970, 818

259, 920, 263

-$358, 922
+ 1 , 008, 224
+509,413
-1,158,715

2, 703, 894

59,300 I
818,150
249, 591
2, 584, 659
4, 283, 231
17,308
147,126, 882

1

Amount paid as franchise tax for 1922 includes additional franchise tax p a y m e n t s for prior years withdrawn from surplus account on December 31,1922, as follows: For 1920, $270,389; for 1921, $3,129,673.

No. 27.—EARNINGS OF FEDERAL RESERVE BANKS, BY SOURCES, 1914-1931
Earnings

Total

$2,173,252
5,217,998
16,128,339
67, 584, 417
- 102, 380, 583

1914-15
1916
1917
1918
1919
1920
1921
1922
1923_
1924

.

.

.

1925
1926
1927
1928
1929
1930
1931

On
discounted
bills

On
purchased
bills

On

u. s.
Government
securities

Deficient
reserve
penalties

From
miscellaneous sources

$1,218,516
1,025,675
6, 971,479
48, 348, 007
80,768,144

$244, 664
1. 560, 918
4, 951. 729
11,939,808
13,994, 544

$171, 831
1,106, 860
2, 367, 989
3, 828, 782
5, 761, 300

$1,157
194,526
698, 991
727,844

$538,241
1, 523, 388
1,642,616
2, 768, 829
1,128, 751

181, 296, 711 149,059, 825
122,865,866
109, 598,675
50,498, 699
26, 523,123
50, 708, 566 j 32, 956, 293
38,340,449
15,942,845

22,020,158
5, 234,141
5, 628, 956
9, 371, 288
5, 709,809

7,140,615
6,253, 854
16, 682, 463
7,444,089
14,712, 593

1, 573, 335
1,177, 562
602,951
521,061
381, 619

1, 502, 778
601, 634
1,061,206
415, 835
1, 593, 583

41, 800, 706
47, 599, 595
43,024, 484
64,052, 860
70,955,496
36,424,044
29, 701, 279

Total




17, 679, 549
22, 551, 561
17, 010, 778
38,334,140
47,790, 662
10,672,215
9, 820, 546

9,103,915
10, 003, 081
9, 206, 677
13, 020, 535
12, 063, 349
6,081,187
5, 009, 541

12, 783,001
12,589,119
14,206,174
10, 827, 702
8,163,486
17,273,331
12, 428, 297

310, 406
382, 946
273, 839
277, 401
449, 653
225,748
296, 960

1, 923, 835
2,072, 888
2, 327,016
1, 593,082
2, 488,346
2,171, 563
2,145,935

970, 753, 344

636, 272,033

145 144 300

153 741 486

8, 095, 999

27, 499, 526

FEDERAL RESERVE NOTES
No. 28.—FEDERAL. RESERVE NOTES—FEDERAL RESERVE AGENTS' ACCOUNTS AT THE E N D OF EACH MONTH
[In thousands of dollars]
1931

1930
Dec. 31
Federal reserve notes received from the
comptroller
Federal reserve notes held by Federal
reserve agents

J a n . 31

F e b . 28

M a r . 31

Apr. 30

M a y 31

J u n e 30

J u l y 31

Aug. 31

Sept. 30

Oct. 31

N o v . 30

Dec. 31

3, 555, 661 3, 563,155 3,524,532j 3,536,673 3,620,024 3,624,721 3,875,942

3,906,795 4,063,382 4,390,821 4,830,561 4, 819, 971 4, 893,971

1, 462,036 1, 588,156 1,654,300

1,726,374 1,720,065 1,869,174| 2,084,798 2, 046,950 1, 967, 933

1,661,031 1,686,940

1,662,644 1,774,363

Federal reserve notes issued to Federal
reserve banks:
480, 860
392,110
389, 284
397, 825
381,601
378,145
415,770|
380,612
Held by issuing Federal reserve bank.
430, 087
423, 854
316, 769
293, 321
301, 567
22, 648|
15, 874
14, 278
Held by other Federal reserve banks-_
16, 091
12,670
13,601
15,104i
14,335
21, 993
16, 998;
16, 570
15,182
20,055
1, 275
1, 281
1,019
1,000
1,2881
1,413
853J
1,152
Held by United States Treasury
1,020
1,236
878
1,246
975
In circulation i
1, 640, 525 1,470,216; 1,460,967 1,471,061 1, 518,168 1,566,518 1,708,420 1,748,694 1,947,218 2,079,561 2,411,546 2,463, 272 2, 603,441
1,870, 232 1,875,642

Total notes issued.
Collateral held as security for Federal reserve notes issued to Federal reserve
banks:
Gold and gold certificates in v a u l t Gold bullion
United States gold coin
Gold certificates
Total in vault
In gold fund, Federal Reserve Board_.
Total gold and gold certificates.
Eligible paper
Total collateral held
Collateral required as security for Federal
reserve notes
Collateral pledged in excess of Federal reserve notes issued

W

1,933,084 1,962,077 2,101, 579J 2,180, 421! 2, 343,317| 2, 521, 647 2, 745, 763 2, 773, 021 2, 926,088
tei
tei

187, 919
255, 820
177, 270

187,919
260,040
202,670

187,919
276, 435
143,300

187,919
281, 935
153, 290

187, 919
278, 935
145,180

187,919
284, 935
145, 530

187,919!
276, 935!
146, 480|

187,!
276,9351
147, 655!

262,468|
296, 935
178, 280

157, 575
226,860
265,095

618, 384
611, 334,
612, 034
607, 654
623,144
612, 509; 737, 683'
621,009,
650, 629
649, 530
1,109, 430| 1,138, 030 1,101, 730 1,109,980 1,170, 280 1,167, 480 1, 306, 530 1, 443,8301 1,416, 230 1, 278,180
1, 730,439
507, 788

157, 336
154, 885
310,675

157, 336
213, 885
325,125

157,337
194,035
528,020

i

1, 709, 384 1, 733,124 1, 782, 314 1, 785,864 1, 917, 864| 2, 056, 339' 2,153, 913i 1, 927, 710! 1, 552, 076 1, 734, 676 2,130,122
351,122
292,179
281, 045
303,702
265, 365
231,251!
225, 382 j 316, 536] 712, 450 1, 348, 626 1,107, 313
915,125

%

2, 238, 227 2, 092,361 1, 974, 749 2,084, 246 2, 074, 493 2,066,909 2,149,1151 2, 281, 721 2, 470, 449 2, 640,160 2,900, 702 2, 841, 989 3,045,247
2, 093, 625 1. 974,999 1,870, 232 1, 875, 642 1, 933,084 1, 962,077 2,101, 579 2,180, 421 2, 343, 317 2, 521, 647 2, 745, 763 2, 773, 021j 2,926,038
144,602

ft)

622, 896
879,392
929,180 1,038, 330 1,250,730

117, 362

104, 517

208,604

141, 409

104,832

47, 536|

101, 300;

127,132J

118, 513

154, 939

119,209

i This figure corresponds with that given under the same caption in Table 35. It differs from that given in Table 11, by the amount of Federal reserve notes held by (a) other
Federal reserve banks and (b) the United States Treasury.
Backfigures—SeeAnnual Report for 1930 (Table 26), 1929 (Table 25), 1928 (Table 25), 1927 (Table 76), etc.




£

W
O
>

GOLD STOCK, GOLD MOVEMENTS, AND
MONEY IN CIRCULATION




61

GOLD
No. 29.—MONETARY GOLD STOCK 1 OF THE UNITED STATES, 1914-1931
[In millions of dollars. Forfiguresby weeks see Tables 3 and 4]
End of month figures
End of month
January
February..
March
April
May
June
_.
July
August
September.
October. _.
November.
December.
End of month
January...
February..
March
April
May
June
July
August
September.
October. _.
November.
December.

1915

1916

1917

1918

1919

1920

1921

1,923
1,919
1,931
1,942
1,929
1,891
1,859
1,853
1,844
1,808
1,807
1,813

1,822
1,838
1,869
1,893
1,929
1,986
2,007
2,076
2,124
2,198
2,260
2,312

2,325
2,325
2,323
2,318
2,336
2,445
2,506
2,549
2,630
2,714
2,736
2,843

2,922
2,996
3,105
3,137
3,133
3,220
3,190
3,165
3,151
3,153
3,154
3,155

3,160
3,162
3,165
3,166
3,172
3,163
3,162
3,161
3,153
3,156
3,159
3,160

3,162
3,165
3,165
3,177
3,177
3,113
3, 064
3,125
3,147
3,103
3,044
2,994

2,930
2,887
2,850
2,841
2,856
2,865
2,862
2,851
2,873
2,868
2,897
2,926

2, 966
3,000
3,086
3,164
3,231
3,275
3,347
3,439
3,519
3,572
3,627
3,660

1923

1924

1925

1926

1927

1928

1929

1930

3,953
3,963
3,970
3,982
4,028
4, 050
4,079
4,111
4,136
4,167
4,207
4,244

4,289
4,323
4,364
4,411
4,455
4,488
4, 511
4,521
4,511
4,509
4,527
4,499

4,423
4,364
4,339
4,342
4,357
4,360
4,367
4,382
4,382
4,407
4,397
4,399

4,412 4,564
4,423 4,586
4,442 4,597
4,438 4,610
4,433 4,608
4,447 4,587
4,471 4,580
4,473 4,588
4,466 4,571
4,473 4,541
4,477 = 4, 451
4,492 4,379

4,373
4,362
4,305
4,266
4,160
4,109
4,113
4,123
4,125
4,142
4,128
4,141

4,127
4,153
4,188
4,260
4,301
4,324
4,341
4, 3C0
4, 372
4,S86
4,367
4,284

4,291
4,353
4, 423
4,491
4,517
4,535
4,517
4, £01
4,511
4,535
4,571
4,593

Averages of end of month figures
Month
January. _.
February. .
March
April
May
.June
July
August
September.
October. _.
November.
December.

3,685
3,723
3,750
3,764
3,771
3,785
3,829
3,855
3,873
3,888
3,906
3,929
1931

4,643
4,665
4,697
4,726
4,798
4,956
4,949
4, 995
4,741
4, 292
4,414
4,4C0

Averages of daily figures

1914

1915

1916

1,918
1,921
1,925
1,936
1,935
1,910
1,875
1,856
1,848
1,826
1,807
1,810

1,817
1,830
1,854
1,881
1,911
1,957
1,996
2,042
2,100
2,161
2,229
2,286

2,319
2,325
2, 324
2,320
2,327
2,390
2,475
2,528
2,590
2,672
2,725
2,789

1923

1924

1925

1926

1927

3,945
3,960
3,966
3,975
3,993
4,040
4,061
4,097
4,123
4,155
4,182
4,226

4,266
4,302
4,340
4,383
4,433
4,471
4,503
4,516
4,515
4,506
4,517
4,507

4,468
4,392
4,340
4,340
4,353
4, 360
4,362
4,372
4,386
4,391
4,407
4,397

4,407
4,425
4,444
4,448
4,434
4,438
4,460
4,467
4,471
4,472
4,477
4,481

4,527
4,576
4,595
4,601
4,651
4,C06
4,575
4,585
4,584
4,566
4,490
4,416

1918
2,882
2,959
3, 050
3,121
3,135
3,177
3,205
2
3,183
2
3,152
2
3,151
2
3,153
2
3,153

1922

3,152
3,159
3,162
3,163
3,163
3,162
3,161
3,157
3,156
3,151
3,155
3,156

1919

1920

1921

2,961
2,909
2,859
2,821
2,835
2,854
2, 862
2,855
2,847
2,855
2,873
2,894

2,931
2,975
3,040
3,117
3,197
3,254
3,305
3,392
3,479
3,547
3,595
3,643

1928

1929

1930

4,377
4,373
4,335
4,287
4,207
4,119
4,113
4,118
4,125
4,133
4,151
4,142

4,115
4,143
4,166
4,226
4,292
4,311
4,335
4,351
4,368
4,381
4,374
4,324

" 4, 282
4,317
4,384
4,443
4,505
4,528
4,532
4,496
4,503
4,520
4, 553
4,583

3,160
3,162
3,161
3,166
3,176
3,169
3,087
3,114
3,143
3,120
3,070
3,021

1922
3,672
3,704
3,736
3,756
3,768
3,776
3,803
3,840
3,860
3,884
3,896
3,917

Averages of daily figures
Month
Tanuary...
February..
March
April
May
June
.July
August
September.
October. _.
November.
December.

1931
4,622
4,656
4,682
4,711
4,767
4,865
4,958
4,975
4,948
4,447
4,363
4,450

1 Gold coin and bullion (including foreign coin) held by United States Treasury and Federal reserve
banks (including gold held under earmark abroad) and United States gold coin in circulation. Amounts
held abroad under earmark (end of month figures) as follows: 1917, June-December, $52,500,000; 1918,
January-May, $52,500,000; June, $16,271,000; July, $11,630,000; August-December, $5,829,000; 1919, JanuaryMarch, $5,829,000; August, $107,119,000; September, $159,618,000; October, $149,166,000; November, $135,694,000; December, $131,320,000; 1920, January, $114,322,000; February, $112,822,000; March-April, $112,780,000; May-July, $111,530,000; August-September, $111,458,000; October, $16,536,000; November-December, $3,300,000; 1921, January-February, $3,300,000; 1927, May, $59,548,000; June, $23,300,000.
e
2 Averages of daily
figures.
Corrected.




63

64

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No.

30.—ANALYSIS OF CHANGES IN MONETARY GOLD STOCK, BY MONTHS,

1914-1931
[In millions of dollars]
Analysis of changes

Analysis of changes

Month

1914
January
February
March
April
May...
June
--July
August
September ___
October
November—.
December.—

Gold
stock Inat end crease Net
of
in
gold
month stock import
during;
month!

Total..
1917
January
February
March
April
May._.
June..
July
August.
_
September
October
November
December

Month

1918

-38.4
-31.9
-6.0
-8.9
-35.6
-1.6
6.4

-44.3
-30.3
-15.1
-19.1
-44.4
-7.1
4.0

-100.2

-165. 2 .

If!

1,859
1,853
1,844
1,' '
1,807
1,813

1, 822
1,838
1,
1,893
1,929
1,986
2,'
2,076
2,124
2,198
2,260

8.9
16.2
31.2
23.4
36.7
56.1
21.2
69.6
47.2
74.4
61.9
52.2

13.1
-.2
-2.0
-5.2
18.6
108.3
61.1
43.7
80.8
83.3
22.6
106.

-7.7
-1.0
-5.4
15.4
114.4
52.7
29.5
85.7
90.5
20.6
130.6
530.2

2,922
78.8
2, 996
74.1
3,105 109.4
3,137
31.8
3,133 - 3 . 4
3,220
86.8
3,190 - 3 0 . 2
3,16J - 2 5 . 2
3,151 - 1 4 . 2
3,153
2.6
3,154
3,155
1.3

78.5
8.3
7.5
1.4
2.3
3.2
- . 5 -5.6
8.7
14.3
-4.5
-7.1
1.9
—.1 -23.9

-2.4
-2.2

24!
-41.
-27.
-27.
-7.
-4.
12.

52.

Total.
1920
January
February
March
April
May
June
July
August
September
October
November
December—..

40.6
-7.6
-12.2
16.4
2.0
10.1
11.6
2.8
13.1
9.6
4.8
-11.2

1921
January
February
March
April
.__.
May
June
July
August.
September. __
October
November
December

.7
-2.5

21.0

Q

-!s

3.0
29.2 -36.2
-4.6
-4.6
-5.8
-1.7
.3
1-7

— l!l

.2
-46.7

Domestic
production,
etc.2
4.4
4.7
3.3
2.2
2.6
-1.8
8.8
5.8
-7.9
3.8
3.9
.7
30. e

2.4
2.6
.2
12.0

-1.3
3.6
.8
1.8
6.7
.1 - 6 . 6
4.9
1.0 6.1
-.9
1.1
- 6 1 0 | -56.8
-7.2
-49.2| -52.8
3.6
107.1 - 3 . 6
60.8 -42.7
52.5 - 2 . 9
22.0 -27.6
-43.8 -39.2 -13.5
8.9
-58.9 -49.5 -14.5
5.1
- 5 . 4 -11.4
-50.2 -33.3
-165. 8 -291.

127.4

-1.6

-35.8 -18.0 -10.8
-64.6
-42.5 -38.4
c -3.6
-30.1
- L 0 -5.5
-36.
3.9 -3.0 -10.1
-9.2
8.1 - 2 . 3
14.4
8.6
21.4 —1.5 -10.1
9.8
-2.1
-3.0
1.9
-3.2 1
-2.1
-11.71 -9.6
22.0 - 1 . 0
22.2
90.8 -97.4
-5.0
1.6
37.0 -13.7
29.5
6.2
28.4!
27.6 - 1 . 5
2,926
2.3

2,930
2,887
2,850
2,841
2,856
2,865
2,
2,851
2,873
2,868
2,897

Total.

-6.1

38.
81.
121.
15.

3,162
3,165
3,165
3,177
3,177
3,113
3,064
3,125
3,147
3,103
3,044
2,994

5.1
2.1
2.4
1.4
5.6
-8.8
-.4
-1.7
-7.5
3.1
2.8
.8
4.!

3,160
3,162
3,165
3,166
3,172
3,163
3,162
3,161
3,153
3,156
3,159
3,160

Total.

1919
2.7 January
4.6 February
6.5 March
8.0 April
6.8 May
6.6 June
6.1 July—
9.1 August
7.2 September
-2.3
October
4.5 November
18.7 December

420.5

530.

2,325
2,325
2,323
2,318
2,336
2,445
2,506
2,549
2,630
2,714
2,736
2,843

65.0

6.2
11.7
24.7
15.4
29.9
49.5
15.1
60.5
40.0
76.7
57.3
33.5

499.1

2, 312

Total—
1916
January
February
March
April
__.
May
June
July
August
September
October
November...
December

Domestic
production,
etc.2

5.7 January
2.3 February
6.8 March
7.5 April
2.4 May
_.
5.9 June
-1.7
July
9.1 August
10.3 September
8.7 October
5.6 November
2.4 December—...

1,923
3.5
9.3
1, 919 -3.5
-5.9
1,931 12.0
6.2
1,942 10.6
3.1
1,929 -12.5 -14. 9

Total..
1915
January
February
March
April
May
June
July
August
September—
October
November
December

Net release
from
earmark1

Gold
stock Inat end crease Net Net rein
of
gold
month stock import from
earduring
mark i
month

-68. 4
2,966
3,000
3,086
3,164
3,231
3,275
3,347
3,439
3,519
3,572
3,627
3,660

40.4
33.6
86.3
77.6
67.6
43.5
72.3
92.5
79.7
53.1
54.6
33.5

95.0 -145.0 -18.3
30.9
41.6
86.6
80.3
57.1
42.8
60.5
84.2
63.6
39.5
50.7
29.

-4.0
-2.0
-3.3

5.5
-6.0
3.1
2.7
10.5
3.7
-3.0
6.8
5.0
8.2
6.1
10.0!
8.0 5.5
3.9
4.0

312.2
734.6 667.
Total
Total.
18.7 48.5
180.6 51. 7 I 80.0
Gold released from earmark at Federal reserve banks less gold placed under earmark, with allowance
made for change in gold earmarked abroad for account of Federal reserve banks. (See Table 29.)
* This figure, derived from preceding columns, represents the excess of domestic production over nonmonetary consumption of gold—chiefly consumption in the arts. In any given month, however, it may
be predominantly affected by the fact that on the final day of the month (a) gold bullion or foreign gold
coin recently imported may not yet have reached a reserve bank or the Treasury, (6) gold bullion recently
withdrawn from stocks for export may not yet have been actually exported, and (c) gold bullion may
on rare occasions be earmarked for foreign account in the vaults of a commercial bank. The figures are
subject to certain unavoidable inaccuracies in official reports of gold imports and exports, particularly
in the war and
 immediate postwar periods.
1



65

GOLD
No.

30.—ANALYSIS OF CHANGES IN

MONETARY GOLD STOCK, BY

MONTHS,

1914-1931—Continued
[In millions of dollars]
Analysis of changes

Month

1922
January
February
March
April..
May
June
July
August
September..
October
November...
December. _.

Gold
stock Inat end crease Net
of
in
gold
month stock import
during
month

Total..
1924
January
February
March
April
May
June
July
August
September. .October
November...
December.,.
Total..
1925
January
FebruaryMarch
April
May
June
July
August
September.,
October
November..
December..
Total.

3,953
3,963
3,970
3,982
4,028
4,050
4,079
4,111
4,136
4,16'
4,207
4,244

25.7
27.0
32.5
10.7!
5.6
11.4
42.3
18.1
23.1
3.3
14.9
23.7
238.3

23.7
10.9
6.9
11.4
46.2
21.7
29.3
32.6
25.0
30.6
40.0
36.8

24.3
7.0
5.6
8.5
45.3
18.9
27.4
30.7
26.9
28.5
39.0
31.9

315.1

Total..
1923
January
February
March
April
May
June.
July
August
September...
October
November...
December. _.

24.7
38.4
26.7
14.2
7.2
13.2
44.0
26.1
18.1
15.1
18.1
22.8
268.5

3,685
3,723
3,750
3,764
3,771
3,785
3,829
3,855
3,873
3,888
3,906
3,929

Net release
from
earmark

Analysis of changes

Domestic
production,
etc.

January
February. _.
March
April
May
_.
June
July.
August
September...
October
November...
December...

-3.7

Total..
1927
January
February
March.
April
May
June
July
August
September..
October
November...
December. _.

-1.6
4.3
1.0

-1.5
.5
-2.0

33.9

1.0
-.4
1.3
1.8
.9
2.8
3.3
2.0
-2.4
4.1
1.0
4.9
20.3

44.9
4,289
45.5
34.
-1.4
4,323
33.8
33.5 - 2 . 5
9.4
40.5
4,36'
-.6
44.0
3.9
47.3
4,41
1.0
40.5
2.7
44.2
4,455
2.0
24.
6.3
33.
4,488
18.5 - 2 . 6
7.0
23.0
4,51
15.8 - 8 . 0
1.8
9.6
4,521
2.1 - 1 3 . 2
1.5
-9.
4,51
15.6 - 1 7 . 0 - . 5
4,509 - 2 . 0
-.5
13.2
4.7
4, 527
17.4
3.7
4,499 - 2 7 . 2 - 2 9 . 4 - 1 . 5

4,423
4,369
4,346
4,350
4,361
4,365
4,370
4,383
4,382
4,407
4,397
4,399

-76.6
-53.5
-23.2
3.6
11.5
3.4
5.5
12.6
-1.2
25.9
-10.0
2.0

-47.0
-17.8
-12.
-2.0
-2.3
5.8
2.7
-2.7
22.7
-13.9
1.2

- 1 0 0 . 1 -134.4




-7.3
-6.4 - . 1
-9.3
3.8
14.9
1.5
16.0 - 2 . 5
5.1
.6
-3.1
2.8
11.6 - 1 . 7
1.5 - . 1
.4
2.9
1.9
2.0
2.7
-2.0
32.2

Total1928
January
February
March
April
May
June
.-.
July..
August
September..
October
November...
December. _.
Total..

258.1 - 4 2 . 2

2.1

Gold
stock
Inat end crease Net Net release
of
in
gold
month stock import from
earduring

mark

month

-1.0
11.4
-5.8
3.5
1.6
1.8
1.6
8.0
-5.0
-1.
13.3
-.2
3.5
-2.0
1.1

294.1

255.6

Month

1929
January
February
March
April...
May
June
July
August
September—
October
November
December
Total.,

4,412
12.2
4,4231 11.5
4,442
18.4
4,438 - 3 . 4
4,433 - 4 . 8
4,447
14.0
4,471
23.7
4,473
2.01
4,466 - 7 . 4
4,473
7.7
4,477
3.2
4,492
15.4
92.1
4,564
4,586
4,597
4,610
4, 6081
4,587
4,580
4, 5881
4,571

72.3
21.31
11.1
12.9
-1.4
-20.9
-7.5
8.5
-17.5
4, 5411 - 3 0 . 2:
4,451! - 8 9 . 7
4,379 - 7 1 . 7
. -112.8

Domestic
production,
etc.

16.3 - 6 . 0
2.0
21.6 - 1 1 . 0
1.0
39.2 - 2 3 . 0
2.2
1.4
-4.8
-6.4
1.6
15.5
-1.0
4.0
14.8
5.0
19.2
-17.8
.6
-2.4
-7.1
2.1
7.7
1.7
9.0 - 7 . 5
1.0
4.6
97.8 - 2 6 . 3
44.5
19.9
10.8
11.9
31.7
12.8
8.9
6.4
-11.5
-8.6
-53.
-67.4

8.3
19.5
3.2 - 1 . 8
1.8
-1.5
2.0
-1.0
2.3
-35. 5
3.0
-36.7
6.7
-23.1
4.7
-2.5
2.9
-9.0
3.5
-25.0
3.5
-40.0
4.2
-8.5

6.1 -160.2

4,373l - 6 . 0 - 1 3 . 8
4, 362j — 11.21 - 1 1 . 1
4,305 -57.61 - 9 4 . 9
4,266! - 3 8 . 7 - 9 1 .
4,160, -105. 7 - 8 1 ,
4,109 - 5 1 . 0 - 7 9 .
4,113
3.4| - 6 3 .
4,123
10.3
4,125
2.1
4,142
13.
17.3
4,128 - 1 4 . 0
6.
4,141
23.
13. 2]
-237.8-391.

21.1

41.3

5.5
2.3
2.9 - 2 . 9
35.8
1.5
45.7
6.7
2.6
-26.5
30.1 - 1 . 2
60.9
6.4
3.6
5.
2.8
-1.2
2.8
1.2
4.3
-25.0
5.6
-15.
119.

34.5

47. - 6 5 . 0
4,127 - 1 4 . 4
26.4
4,153
25.
34.4
4,188
24.
7.5
72.4
4,260
48.6
23.
40.6
4,301
16.1
23.
23.4
4,324
-7.5
30.
16.3
4,341
34. - 2 2 . 0
18.9
4,360
18.
-1.0
12.1
4,372
17.
-6.6
14.4
4,386
17.
-4.5
4,367 - 1 9 . 2 - 2 3 .
1.0
4,284 - 8 2 . 9 - 6 4 . 4 - 2 2 . 0

3.4
.9

142.5 j 175.11 - 5 5 . 4

22.8

2.1
.7
3.6
1.5
1.1
1.4
3.0
3.5

66
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
30..—ANALYSIS OF CHANGES IN MONETARY GOLD STOCK, BY MONTHS,

1914-1931—Continued
[In millions of dollars]
Analysis of changes

Month

1930
January
February....
March
April
May
June
July
_.
August
September.
October
November..
December..
Total

Analysis of changes

Gold
DoInstock
at end crease Net Net re- meslease
tic
in
of
gold
month stock import from j proear- I dueduring
mark tion,
month
etc.

6.8
4.0
4,291
.5!
4,353 61.9
60.0
4,423 70.2
55.5
15.0
4,491 68.5
65.7
.5
4,517 25.9
23.5
2.0!
4,535 17.6
13.9
2.0
4,517 -18.4 -19.6 - 3 . 0
4,501 -15.5 -19.6
4,511 10.2
2.5
4.0;
4,535 23.3
26.4 - 6 . 1
4,571 36.8
35.2 - 2 . 1
4,593 22.1
32.7 -15.2
309J




280.1

-2.4

Month

2.3
.5
1.7
4.3
4.2
3.7
3.1
3.8
4.5

1931
January
February
March
April
May
June
July
August
September..
October
November...
December. _

31.9

Total..

2.3
1.9
o

Gold
Instock
at end crease Net
in
of
gold
month stock import
during
month

34.4
4,643 49.4
16.1
4,665 22.0
25.6
4,697 32.0
49.5
4,726 28.7
49.6
4,798 72.4
63.8
4,956 158.0
19.5
4,949 - 6 . 6
57.5
4,995 45.7
20.
4,741 -254.3
4,292 -448. -337. 7
4,414 122. o! 89.4
4,460 45.8
56.
-133.4

Net release
from
earmark

Domestic
produc
tion,
etc.

11.9 3.1
3.3
2.5
3.3
3.0
- 7 . 5 -13.3
4.0 18.8
1.9
92.3
3.6
-29.7
4.2
-16.0
279.1 4.2
107.6 - 3 . 1
28.3 4.2
-22.9 11.9

145.31—320.8 42.1

67

GOLD
No.

31.—GOLD

l

EARMARKED BY FEDERAL RESERVE BANKS
ACCOUNT, BY MONTHS, 1916-1931

[ID thousands of dollars.
End of month
January
February. _
March
April
May
June
July
August
September .
October
November.
DecemberEnd of month
January...
February..
March
April
May
Tune
July
August
September.
October...
November.
December.

1916

1918

6,097
6,097
6,097
6,097
6,097
6,097
6,097
6,778
6,942
6,942
6,942
6,942

1919

6,942
6,942
6,942
6,942
6,942
6,942
6,942
6,942
6,942
6,942
6,942
6,942

1924

1925

1926

3,000
2,407
4,859
5,417
4,417
2,417
5,000
12,984
26,213
43, 213
43,713
45, 213

46,023
52,389
61,714
46, 864
30,889
25,814
28,915
17,340
15,839
12,969
10,969
12,969

19,012
30,012
53,000
53,000
53,000
53, 580
49,580
30,380
32,780
32, 776
40, 274
39,266

1920

1927
19,779
16, 599
18,101
19,101
114,101
114, 601
114,417
116,918
125,918
150,919
190,919
199,419

18,010
20,000
20,000
20,000
20,000
23,000
18,000
18,000
8,000

1928

3,000
4,000
5,000

1921

6,000
5,000
6,000
9,000
10,000
11,500
14, 500
16, 500
17, 500
20, 000
20, 500
22,000

6,942
6,942
6,842

i Gold bullion (bars) and United States gold coin.
No.

FOREIGN

For other statistics of earmarked gold see Table 29, note 1]
1917

* 2,391
4,571
4,571
5,071
5,402
5,502
5,955
5,981
5,981
6,097

FOR

1929

1922

5,329
1,000
1,000

1,500
1, 700
3,700

193,919
191,051
155,251
109, 511
136, 050
105, 997
45,050
39,134
40,334
39,134
64,136
79,897

144,898
144,898
137, 391
88,821
72,694
80, 207
102,194
103,194
109, 795
114,296
113,292
135, 295

1923

1,500
1, 500
1,000
3,000
3,000
3,000
1931

134,794
134,794
119,79o
119,295
117, 295
115,295
118,295
118,295
114,303
120, 410
122, 536
137,695

2 Fj rs t transaction Mar. 21,1916.

33.—GOLD IMPORTS INTO AND EXPORTS FROM THE

UNITED STATES, BY

COUNTRIES, 1928-1931
[In thousands of dollars!
Imports into United States

Exports from United States

1928

1928

From—
1929

1930

1931

24
1
Belgium
202
133 19,394
154
France
46, 773
27 37,073
1
Germany
14 7,015
37, 524 62, 396
Great Britain
9
5
4
2
Italy
—5
17
Netherlands
40
75
93
1
Spain
502 5,573
75
Sweden
102, 371 73,880 43, 618 81, 252
Canada
1,041 1,030 1,697 1,090
Central America
4,610 9,174 20, 805 25,319
Mexico
423 2,184
631
West Indies
4,500 72,478 20,272141,263
Argentina
15
4 3,589 2,730
Bolivia
16
87, 776
Brazil
260
438
528
624
Chile
1,374 5,292 9,097 15,116
Colombia
1,483 1,373 1,551 1,015
Ecuador...
1,458 1,921 6,896 7,522
Peru
250 8,354 6,080
Uruguay
481
383 4,747 1,073
Venezuela
54 2,643
3 4,870
Australia
8,064
2
British India
1,077 10, 326 19,683
China
Dutch East Indies... 1,262 1,199 1,752 4,870
650 12,286! 14,641
Hong Kong
—
4
156,609199,328
Japan
773
715
220
185
New Zealand
Philippine Islands. _. 1,773 3,262 3,715 3,740
8,749
97
Allother
131
Total..

Belgium
France
Germany
Great Britain
Italy
Netherlands
Poland and Danzig..
Portugal
Sweden
Switzerland
Canada
Central America
Mexico
West Indies
Argentina
Brazil
Colombia
Peru
Uruguay
Venezuela
British India
British Malaya
China
Dutch East Indies...
Hong Kong
Japan
Turkey.
All other
Total

1929

1930

1931

2,000
15, 607
65, 381 73, 8081363, 908
28, 759 2,384
201 1,047
32, 525 21, 086
289
219
26,093
3,000 5,320
4,000
1 50, 327
6,000 5,010
1
620

308,002

22, 641
323
4,490
101
69,400
25, 012
2,053

1,341
35
10,007
19, 823
3901 36, 746
116
1,052
100
3,605
415 3,052
33
50

1,082

..'560,759116,583115,967

168,897 291, 649 396, 054 612,119

Back figures.—See Annual Keports for 1930 (Table 29), 1929 (Table 28), 1928 (Table 29), 1927 (Table 19),

1926 (Table 102), and 1925 (Table 102). For figures by months (by countries) see Federal Reserve Bulletin



68
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
33.—GOLD

IMPORTS INTO AND EXPORTS FROM THE UNITED STATES, BY

MONTHS, 1922-1931

[In thousands of dollars]
Year and month

1922
January
February
March
April
„
May
June
July
August
September.-.
October......
November.,.
December
Total..
1923

January
February
March
April
May
June
July...
AugustSeptember..
October
November..,
December...
Total..
1924
January
February
March
April
May
June
July
August
September...
October
November...
December
Total-.
1925
January
February
March
April
May
June
July
August
September..,
October
November. _.
December
Total..
1926
January
February
March
April
May
June
July
August
September. _,
October
November...
December...
Total...

Imports

26,571
28, 739
33, 488
12, 244
8,994
12, 977
42, 987
19, 092
24,464
20,866
18,308
26, 440
275,170
32,820
8,383
15, 951
46,156
19,434
27, 929
32,856
27,804
29, 795
39, 757
32.641
322, 716
45,136
35, 111
34, 322
45,418
41, 074
25,181
18,834
18,150
6,656
19, 702
19,862
10, 274
319, 721

Exports

863
1,732

963
1,579
3,407
1,601
644
956
1,399
17,592
3,431
2,710
36,875
8,472
1,399
10,392
655
824
548
523
2,201
863
1,307
747
712
28, 643
281
505
817
1,391
593
268
327
2,398
4,580
4,125
6,689
39, 675
61, 648

Net imports or
exports

25, 708
27,007
32, 525
10,665
5,587
11,376
42, 343
18,136
23,066
3,275
14, 877
23, 730
238, 295
24,348
5,559
8,533
45,332
18,885
27,407
30, 655
26,941
28,488
39.010
31, 930
294, 073

Year and month

1927
January
February
March
April
May
June
July
August
September...
October
November...
December
Total..

Net imports or
exports

Imports

Exports

59,355
22,309
16,382
14, 503
34, 212
14,611
10, 738
7,877
12, 979
2,056
2,082
10,431

14,890
2,414
5,625
2,592
2,510
1,840
1,803
1,524
24,444
10,698
55, 266
77,849

44, 465
19,895
10, 757
11,911
31, 702
12. 771
8, 935
6,353
—1J,4G5
-8,642
-53,184
- 6 7 , 418

207, 535

201,455

6,080

38,320
14, 686
2,683
5,319
1,968
20,001
10, 331
2,445
4,273
14,331
29,591
24,950

52,086
25,806
97,536
96,469
83,689
99,932
74,190
1,698
3,810
992
22,916
1,636

168,897

560, 759

-13,766
-11,120
-94,853
-91,150
-81,721
-79,931
—63,859
747
463
13, 339
6.676
23,314
-391,862

48,577
26,913
26,470
24,687
24,098
30,762
35,525
19,271
18, 781
21,321
7,123
8,121
291,649

1,378
1,425
1,635
1,594
467
550
807
881
1,205
3,805
30, 289
72, 547
116, 583

12, 908
60,198
55, 768
65,835
23, 552
13,9bS
21,889
19, 714
13,680
35, 635
40,159
32, 778

207
290
110
82
26
41, 529
39,332
11,133
9,266
5,008
36

396,054

115, 967

34,426
16,156
25, 671
49, 543
50, 258
63,887
20, 512
57, 539
49, 269
60, 919
94, 430
89, 509

54
14
26
27
628
40
1,009
39
28,708
398,604
4,994
32, 651

612,119

466, 794

1928

January
February
March
April
May
June
July
AugUSt
.:.
September...
October
November...
December
Total..
1929

44,855 January
34,606 February
33,505 March
44, 027 April
:..
40,481 May
24. 913 June
18, 507 July
15, 752 August..
2,076 September...
15,577 October
13,173 November...
-29,401 December
258,073
Total..

73,526 -68,488
50,600 -46,997
25,105 -17, 768
21, 604 -12, 734
13,390
-1,997
6,713
-2,287
4,417
5,787
2,136
2,726
6,784
-2,656
28, 039
22, 702
24, 360 -13, 904
5,968
1,248
128,273 * 262,640 -134, 367
5,038
3,603
7,337
8,870
11,393
4,426
10,204
4,862
4,128
50, 741
10,456
7,216

47,199
25,488
24, 835
23,093
23,630
30,212
34, 718
18,390
17, 576
17.516
—23,166
-64,426
175,066

1930

January
February
March
April
May
June
July
August
September-..
October
November...
December....
Total..

3,960
59, 991
55, 478
65, 725
23, 470
13, 912
- 1 9 , 640
-19,618
2,547
26,369
35,151
32, 742
280, 087

1931

19,351
25,416
43,413
13,116
2,935
18,890
19,820
11,979
15, 987
8.857
16, 738
17, 004

213,504

3,087
3,851
4,225
17,884
9,343
3,346
5,069
29, 743
23,081
1,156
7.727
7,196
115,708

16,264
21,565
39,188
-4,768
-6,408
15, 544
14, 751
-17, 764
- 7 , 094
7,701
9,011
9,808
97,796

January
February
March
April
May
June
July
August
September...
October
November...
December
Total


Back figures— See Annual Report for 1927 (Table 20).


34,372
16,142
25, 645
49, 516
49,630
63, 847
19, 503
57,500
20, 561
-337,685
89,436
56,858
145,325

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

69

MONEY IN CIRCULATION
No. 34,—UNITED STATES MONEY IN CIRCULATION, 1 BY MONTHS, 1914-1931
[In millions of dollars. For figures by weeks, see Tables 3 and 4]
End of month figures
End of month
January
February
March
April
May
June
July
August
September
October
November
December

1914

_ _

. __ _

End of month
January
February
March
April
May
June
July
August
September
October
November
December

_ _
- _
.

- .
___ _

1916

1917

1918

1919

1920

1921

3,502
3,503
3,508
3,530
3,533
3,459
3,394
3,541
3,732
3,744
3,410
3,319

3,253
3,242
3,264
3,284
3,317
3,320
3,323
3,402
3,455
3,519
3,544
3,589

3,592
3,603
3,613
3,621
3,585
3,649
3,658
3,737
3,822
3,876
3,877
3,966

3,989
4,120
4,173
4,194
4,256
2
4, 066
3,973
3,980
4,051
4,107
4,252
4,373

4,136
4, 315
4,396
4,434
4,416
4,482
4,564
4,776
5,027
5,145
5,195
5,238

4,919
4,922
4,948
4,943
4,918
4,877
4,870
4,948
5,037
5,127
5,269
5,378

5,177
5, 360
5,391
5,409
5,452
5,468
5,454
5,548
5, 616
5,698
5,643
5,612

5,303
5,273
5,124
5,080
5,015
4,911
4,797
4,740
4,744
4, 695
4,651
4,690

1923

_ .

1915

1924

1925

1926

1927

1928

1929

1930

1931

4,614
4,703
4,747
4,759
4,797
4,823
4,787
4,876
4,945
4,929
5,018
5,044

4,777
4,887
4,899
4,853
4,905
4,849
4,756
4,859
4,863
4,942
5,052
5,047

4,802
4,848
4,811
4,782
4,837
4,811
4,792
4,866
4,916
4,969
5,044
5,104

4,841
4,904
4,860
4,907
4,923
4,885
4,909
4,930
4,978
5,021
5,037
5,095

4,846
4,885
4,862
4,891
4,893
4,851
4,846
4,854
4,948
4,946
4,952
5,003

4,677
4,690
4,749
4,748
4,744
4,797
4,701
4,803
4,846
4, 806
4,990
4,973

4,657
4,698
4,748
4,676
4,738
4,746
4,717
4,840
4,819
4,838
4,929
4,865

4,560
4,577
4, 543
4,476
4,551
4,522
4,426
4,533
4,501
4,493
4,660
4,890

4,610
4,620
4,608
4,652
4,702
4, 822
4,837
5 052
5,246
5 540
5,536
5,647

Averages of end of month figures
Month

May

June
July
August
__ _
September
October _ .
November
December

1915

1916

1917

1918

1919

1920

1921

3,497
3,502
3,506
3,519
3,531
3,496
3,426
3,467
3,637
3,738
3,577
3,365

_

3,286
3,247
3,253
3,274
3,300
3,318
3,321
3,363
3,429
3,487
3,532
3,567

3,591
3,598
3,608
3,617
3,603
3.617
3,653
3,697
3,779
3,849
3,877
3,922

3,978
4,055
4,147
4,184
4,225
2
4,161
4,020
3 4,001
3 4,061
3 4,152
3 4, 203
3 4,342

4,306
4,280
4,373
4,423
4,401
4,448
4,520
4,666
4,911
5,134
5,183
5,243

5,050
4,932
4,942
4,970
4,941
4,891
4,896
4,913
4,989
5,106
5,208
5,342

5,231
5,285
5 398
5,372
5,414
5,448
5,478
5,509
5,600
5,673
5,662
5,658

5,401
5,263
5, 204
5,078
5,042
4,936
4,857
4,771
4,752
4,721
4,673
4,718

1924

1925

1926

1927

1928

1929

1930

4,679
4,672
4,713
4,731
4,764
4,779
4,812
4,833
4,901
4.941
4,953
5,071

4,847
4,832
4,870
4,886
4,866
4,830
4,810
4,800
4,853
4,891
4,970
5,088

4,863
4,805
4,815
4,803
4,791
4,790
4,794
4,817
4,908
4,945
4,960
5,119

4,891
4,854
4,864
4,882
4,871
4,881
4,916
4,912
4,969
5,001
5,005
5,131

4,904
4,843
4,856
4,879
4,860
4,831
4,851
4,849
4,917
4,934
4,936
5,048

4,785
4,709
4,710
4,730
4,722
4,736
4,746
4,743
4,804
4,836
4,860
5,008

4,748
4,686
4,709
4,679
4,684
4,687
4, 764
4,777
4,811
4,810
4,845
4,943

4,652
4, 554
4,532
4.518
< 497
4,489
4,483
4,476
4,493
4, 501
4 528
4,823

1922
4,527
4.451
4' 483
4,482
4,450
4 429
4,443
4,448
4 552
4,643
4,671
4,827

Averages of daily figures

Month
January
February
March
.
April
May
June
. __
July
August
September
October
November
December

4,441
4,491
4,497
4,468
4,455
4, 463
4, 424
4,480
4,608
4, 646
4,704
4,817

Averages of daily figures

1914

1923

January
February .
March
April

1922

- -

- -

-

- -

1
2

1931
4,695
4,598
4 590
4,647
4,679
4,750
4,836
4,947
5,133
5,478
5 518
5,611

Money outside Treasury and Federal reserye banks (prior to November, 1914, money outside Treasury).
Figures prior to June 21, 1917 (when legislation became effective changing reserve requirements of
member banks), while comparable with one another, are not strictly comparable with those for succeeding dates; the transfer to the Federal reserve banks of that part of legal reserves of member banks formerly
held in own vaults reduced the volume of money outside Treasury and Federal reserve banks (see note
1). The increasing membership of State banks in the Federal reserve system after June, 1917, had a similar
effect upon the figures.
8 Averages of daily figures.




No, 35.—KINDS OF MONEY IN CIRCULATION, 1929-1931
[Money outside Treasury and Federal reserve banks. In thousands of dollars]

End of month

1929—January
February..
March
April
May
June..
July
August
September.
October
November.
December.
1930—January...
February..
March
April
May
June
_.
July
August
September.
October, _.
November.
December.
1931—January...
February..
March
April
May
June
July
August
September.
October....
November.
December-

Total

4, 656,617
4,698,362
4,747, 683
4,675, 647
4, 737,636
4, 746, 297
4, 716,863
4,839,859
4,819,275
4, 838,185
4,929, 422
4,864,824
4.560,028
4, 576,508
4, 549,189
4,476,067
4, 551,468
4, 521, 988
4, 426, 494
4,533,197
4, 501,478
4,492,604
4,660,315
4,890,123
4, 609, 687
4, 620, 414
4, 607,914
4, 652, 414
4, 702, 275
4, 821,933
4,
5,
5,
5,
5,
5,

837, 085
052, 027
246,064
540, 016
536,143
646, 773

Gold
coin

380,952
377,512
374, 255
371, 623
369,991
366,199
364.603
363,701
363,051
363,935
383, 763
369,457
364, 789
362,272
360,016
358, 575
357, 236
356,079
353,358
351, 765
350,226
350,931
368,379
357, 565
355,912
353,647
352,055
352, 525
363,020
362, 782
362, 983
376, 312
387,051
382,841
408,626

Gold certificates

923,193
935,448
937, 247
905, 513
944,058
934,995
887,897
887,102
849, 551
845,908
888,650
879,557
799, 077
841, 235
873, 366
885,820
954, 465
994,841
1,001,923
1,050. 595
1,026, 036
1.019,584
1,075,770
1,117, 630
1,055, 740
1,060,922
1,047, 327
1,034, 633
1,020, 452
996, 510
975, 947
989, 272
1,036, 668
971,928
927, 930
876, 769

Back figures.—See Annual Reports for 1930 (Table 32) and 1927 (Table 22).




Standard
silver •
dollars
44,456
44,075
43,921
43, 727
43, 651
43,684
43, 401
43.055
42,960
42, 573
42, 244
42,184
39, 967
39, 451
39,172
38, 798
38,610
38, 629
38,108
38, 234
37, 512
37, 312
37, 087
36, 777
35, 050
34, 864
34, 679
34, 338
34, 299
34, 326
33, 953
33, 756
33, 681
33, 266
33, 227
32, 794

Silver
certificates
381, 672
385,389
390. 583
386. 241
392,411
387, 073
403, 964
411. 293
417, 556
414, 952
418,085
416,880
380,692
384, 339
385,583
382,423
391, 773
386,915
381, 285
390,203
391,311
391,366
400,104
403, 906
371,830
373,179
372,030
374, 779
380,103
377,149
375, 447
380, 374
382,157
387, 559
386, 701

Treasury! Subsidinotes of ary
1890
silver
1,292
1,291
1,290
1,288
1,286
1,283
1,282
1,280
1,277
1,276
1,275
1,273
1,270
1.268
1,265
1,263
1,261
1,260
1,259
1,254
1, 252
1,250
1,248
1,248

1,245
1,244
1,243
1,242
1,240
1,240
1,239
1,237
1,236
1,233
1, 232
1,230

280, 751
280,736
280, 655
281,229
282,936
284, 226
284.363
286, 270
289, 344
291,200
292.241
293,951
281,343
280,395
280.364
281,181
281, 167
281,231
279, 736
280,162
280, 868
281,135
281, 221
281,133
269, 814
269, 650
270, 596
271, 504
272,867
273,147
270,856
270,876
272,706
271, 459
271, 719
270, 591

Minor
coin

United
States
notes

Federal
reserve
notes

114,007
113.692
113, 536
114,085
114,454
115,210
115, 534
115,985
116,816
117,556
118,167
119,402
116,920
116,773
116,544
117,108
117,193
117,436
117,236
117,187
117,728
117, 859
118, 227
118, 740
116,188
115, 988
116, 383
116, 707
117, 071
117, 393
117, 059
116, 751
117,052
116,831
117,043
117,167

282,172
283,603
283.100
276.227
288. 216
262.188
242, 338
248, 670
264. 930
266,504
275.136
264,881
257.189
268,964
268,526
277,111
290,260
288,389
287, 858
297, 603
297,307
300,032
304,407
295,515
288,972
295, 260
289, 452
294, 747
299,619
299, 427
301, 275
300, 692
299,175
299, 606
294, 447
287,811

1.631,432
1, 646, 523
1.673,480
1, 648, 392
1,654, 757
1, 692,721
1,748, 442
1,842,547
1,839,143
1,869,173
1, 919.901
1, 862, 420
1,678,421
1,628,064
1,571,519
1,483,711
1,466, 561
1, 402,066
1,320, 263
1,353,200
1, 359, 358
1,349,940
1,440,003
1,640, 537
1,470, 231
1, 460,945
1, 471,090
1, 518,175
1, 566,480
1, 708, 429
1, 748, 709
1,947, 231
2,079, 575
2, 411, 565
2, 463, 282
2, 603, 454

Federal
reserve
bank
notes
3,775
3.747
3,709
3.680
3,650
3,616
3,587
3,539
3,500
3,466
3,432
3, 413
3,356
3,322
3, 275
3,248
3,221
3,206
3,155
3,126
3,104
3,082
3,064
3,041
3,020
2,989
2,972
2,955
2,945
2,929
2,915
2,904
2,891
2,861
2,852
2,838

Nationalbank
notes
612.915
626,344
645,908
643.639
642, 221
652,812
619 855
635.515
630.497
622, 527
60fi. 356
597,100
632,336
647,908
647,301
645,389
648,382
650,779
639, 593
648,274
635,237
640,818
648, 252
623, 218
640,031
649,459
648, 495
651, 278
654, 673
648, 363
646, 902
645,950
644,611
656,656
654,868
656,404

DISCOUNT RATES AND MONEY RATES

125554—32




6

DISCOUNT RATES AND MONEY RATES
No. 36.—FEDERAL RESERVE BANK DISCOUNT RATES ON ALL CLASSES AND
MATURITIES OP DISCOUNTED BILLS—CHANGES FROM JANUARY 1, 1922, TO
DECEMBER 31,
1931

[Per cent]
Federal Reserve Bank
Date effective

San
Bos- New Phila- Cleve- Rich- At- Chi- St. Min- Kan- Dal- Frannesas
delton York phia land mond lanta cago Louis apolis City las cisco

In effect Jan. 1,1922....
1922—Jan. 9
Jan 11
Jan. 23
Feb. 14
Mar. 15
Mar 25
Apr. 6
Apr 14
June 22 _
June 23
July 8
July 12
Aug. 12
Aug. 15

1925—Feb. 27
Nov. 10..
Nov. 17.._
Nov. 20
Nov. 2 3 . .

43/2

5

5

5

5

5

5

5

5

5

4H
41/

4:14.
_

. _

4

41/

4
41Z

4

_

1923—Feb. 23
Mar. 6
1924—May 1
June 2
June 10
June 12
June 14 .
June 18
June 19
June 26
July l._
July 16.
Aug. 8
Aug. 15.Aug. 25
Oct. 15

4H

MM

4M
4

4

m w*

4
4

4

4
4

3H

4
4

3

ZH

___
. _
.

.

1926—Jan. 8
Apr. 23
Aug. 13

3M

4
4

8U
4

4
4

4
4

1927—July 29
Aug. 4
3H
Aug. 5
Aug. 6.
___
3^i
Aug. 12
giz
Aug. 13
Aug. 16
3H
Sept. 7
Sept. 8
Sept. 10 .
3H
Sept. 13
8H
15 per cent on 6-9 month agricultural and livestock paper from Apr. 7,1923, to June 11,1924, inclusive.
* 5 per cent on 6-9 month agricultural and livestock paper from Apr. 19, 1923, to June 25,1924, inclusive;
4H per cent on 91-day to 6-month agricultural and livestock paper from June 19 to June 25,1824.
NOTE.—Discount rates became applicable to 6-9 month agricultural and livestock paper, which was
made eligible by the Mar. 4, 1923, amendment to the Federal reserve act, on the following dates in 1923:
Boston, Apr. 7; New York, Aug 6; Philadelphia, Apr. 19; Cleveland, Apr. 9; Richmond, Apr. 7; Atlanta,
Mar. 22; Chicago, Aug. 16; St. Louis, Apr. 5; Minneapolis, Apr. 11; Kansas City, Apr. 14; Dallas, Apr. 12;
San Francisco, Mar. 21.
Back figures.—For years previous to 1922, when different rates were generally in effect for different
classes of bills, see Annual Reports, Federal Reserve Bulletin, and pamphlet issued by the board in 1922:
"Discount Rates of the Federal Reserve Banks, 1914-1921."




73

74

ANNUAL REPORT OF T H E FEDERAL RESERVE BOARD

No. 36.—FEDERAL RESERVE BA.NK DISCOUNT RATES ON ALL CLASSES AND
MATURITIES OF DISCOUNTED BILLS—CHANGES FROM JANUARY 1, 1922, TO
DECEMBER 31, 1931—Continued

[Per cent]
Federal Reserve Bank
Date effective

San
Bos- New Phila- Cleve- Rich- At- Chi- St. Min- Kan- Dal- Fran
delne- sas
ton York phia land mond lanta cago Louis apolis City las cisco
4

1928—Jan. 25
Jan.27. .
Feb. 3
Feb. 4
Feb. 7
Feb. 8
Feb. 10
Feb 11
Feb. 16 _
Feb 21
Mar. 1.Apr 20
Apr. 23
Apr. 24
Apr 25
May 7
May 17
May 18
May 2 5 . . .
May 26
June 2
June 7
July 11
July 13
July 14
July 19
July 26
Aug 1

4
4
4
4
4

4
4
4

4K

4M
4M

4H

_„__?

ly2
4H

4M

! 4Vo

ly2
I
5

4H

4H

5

5

5

5
5

1929—Mar. 2
May 6 _
May 14
May 20
Aug 9
Nov. 1
Nov 15
Nov 21
Nov. 23 .
Dec 6
Dec. 10
Dec. 20
1930—Jan. 16
Feb. 7
.
Feb. 8
Feb. 11
Feb 13
Feb 15
Mar. 14
Mar 15
Mar. 20
Mar. 21-_.
i*pr 8
Apr. 11
A pr 12
.Apr 15
May 2
May 8
June 7
June 20
June 21
July 3
July 12
July 18
Aug. 7
Aug. 8
Aug 15
Sept. 9
Sept. 12._
Dec 24
Dec. 29__

4

4 !
i
i"":".:._:_r""4

1 5

I
5
5
5
5

Q

|

K

4H
4K

_| 4K
4H
4M

4

4}$ !

ly

I

4

4

43^

Iy2\

4M
4

3J/ 2

4
i

4

i
4

4

4
4

4

4

3

%y2

2>y2

2y2
3

1

3H
3H

3H

sy2
3M

2

-




zy2

3H

75

DISCOUNT RATES AND MONEY KATES

No. 36.—FEDERAL RESERVE BANK DISCOUNT RATES ON AI/L CLASSES AND
MATURITIES OF DISCOUNTED BILLS—CHANGES FROM JANUARY 1, 1922, TO
DECEMBER 31, 1931—Continued

[Per cent]
Federal Reserve Bank
Date effective

1931 Jan 2
Jan. 8
Jan 9
Jan.10
May 7
May 8_
May 9
May 15
May 21
May 22
Oct. 9
Oct. 10
Oct 16
Oct. 17
Oct. 20
Oct. 21
Oct. 22
Oct. 23
Oct. 24
Nov. 14
In effect Dec. 31, 1931..




San
Bos- New Phila- Cleve- Rich- At- Chi- St. Min- Kan- Dal- Frannedelsas
ton York phia land mond lanta cago Louis apolis City las cisco

3
3

3

2

3

3
3

1H

2H

3

3

i

2]/2

2\i

2}i

3

%H
4

4

3}l
3^
3J/2

3H

3H

4

3H

3^

31/2

m

4

76
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
37.—FEDERAL
RESERVE BANK
C H A N G E S F R O M J A N U A R Y 1,

BUYING RATES
ON
ACCEPTANCES * —
1922,
TO D E C E M B E R 31,
1931

[Buying rates at the Federal Reserve Bank of New York. Per cent]
Date effective

Itol5
days

16 t o 30
days

31 to 45
days

46 to 60
days

61 to 90 91 to 120 121 to 180
days
days
days

In effect Jan. 1, 1922_,
1922—Feb. 6...
Feb. 16..
Mar. 6...
Mar. 13..
Mar. 21..
Mar. 27..
Apr. 10Apr. 14..
May 5...
May 18.,
June 2...
June 19..
June 26..
July 5__.
July 15_.
July 25 _.
Sept. 21..
Sept. 25.
Sept. 27..
Oct. 2 . . .
Oct. 6 . . .
Oct. 13__
Oct. 18._
Oct. 19..
Oct. 24..
Oct. 27..

fA

3M
3
3M

3M
3K

1923—Apr. 17..
May 23..
July 7-..
1924—Apr. 24..,
May 1—.
May 16...
May 22...
June 2
June 17._.
June 26..
Aug. 8...
Nov. 17._
Nov. 28..
Dec. 3 . . .
Dec. 5 . . .
Dec. 8 . . .
Dec. 22..
1925—Feb. 6...
Feb. 27..
June 12..
Aug. 31..
Sept. 22..
1926—Jan. 8___.
Apr. 27..
May 20May 21..
Aug. 16Aug. 23..
Sept. l._.

3
3H
3H
3
2H
234
2

2H
2H
2%
2Yi
2%

2A
2%
2:

2%
3
2%

2%
3

3
3H

3Ks
314

zy2
3H

li
3^
3M

3M

1927—July 29..
Aug. 5...
Aug. 22_.

3H
3K

1928—Jan. 27...
Feb. 3 . . .
Mar. 30..
Apr. 13. _
May 18...
July 13...
%A
July 26. ..
1
Rales on prime bankers' acceptances. Higher rates may be charged for other
Back figures,—See Annual Report for 1928 (Table 35).

3^
3H
3^
3M




classes of bills.

77

DISCOUNT RATES AND MONEY RATES
No.

37.—FEDERAL RESERVE BANK BUYING RATES ON ACCEPTANCES—
CHANGES FROM JANUARY 1, 1922, TO DECEMBER 31, 1931—Continued

[Buying rates at the Federal Reserve Bank of New York. Per cent]
Date effective
1929—Jan. 4....
Jan. 21...
Feb. 15..
Mar. 21..
Mar. 25..
July 12..
Aug. 9...
Oct. 25..
Nov. 1...
Nov. 15..
Nov. 22..
1930—Jan. 31...
Feb. 11..
Feb. 24..
Mar. 5—
Mar. 6...
Mar. 11..
Mar. 14..
Mar. 17..
Mar. 19..
Mar. 20..
May 1__.
May 2__.
May 8...
May 19..
June 3__.
June 5...
June 16_.
June 20_.
June 30..
July 21..
Dec. 24..
1931—Jan. 16...
Jan. 26__.
Apr.9___
Apr. 21..
Apr. 27..
May 5...
May6._.
May 8__.
May 13..
May 19..
Sept. 25..
Oct.9__.
Oct. 13_.
Oct. 16_.
Nov. 20_.
In effect Dec. 31,1931..
3

Rate for 76 to 90 days 2 per cent.
3 Rate for 76 to 90 days 2M per cent.




16 to 30
days

ltolS
days

31 to 45
days

46 to 60
days

4%
5

4M
5

5k
5;"'

4M
4

5

k
3>
3k

3M

5k

5
4%
4k
4

3
2^
2%
2!

2k

2k

h

"2

IK

1H\

"2"

"ill

m

VA

VA

"I
1

3

2%

2

"i%
VA

3

4k
4

3k

3k

IK

m

5k

5M

3M
3H

3'
3
'6'

2V8
2
1%

VA

5k

4%

F
2%
2k

5
5k

J2
5k

in

f

61 to 90 91 to 120 121 to 180
days
days
days

VA
1%
2%

7

3

A

1
VA

m
2H

m
VA
1%

»2H

VA

"ill
3/2
334

78

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 318.—AVERAGE RATES EARNED BY FEDERAL RESERVE BANKS ON BILLS AND
SECURITIES, 1918-1931
[Per cent]
Month

1918

1919

1920

1921

1922

1923

1924

1925

1926

1927

1928

1929

1930

1931

Total bills and
securities:
January
February._
March
April.

3.75
3.81
3.86
4.07

4.04
4.03
4.02
4.01

4.46
4.88
5.12
5.23

5.88
5.92
5.90
5.85

4.62
4.47
4.34
4.25

4.03
4.13
4.26
4.32

4.39
4.36
4.30
4.34

3.27
3.32
3.41
3.49

3.73
3.80
3.80
3,81

3.80
3.76
3.75
3.75

3.36
3.52
3.63
374

4.73
4.76
4.80
4.88

4.22
4.05
3.78
3.54

2.51
2.48
2.26
2.08

Msiy
June
July
August

4.29
4.20
4.31
4.27

3.99
4.01
3.98
3.93

5.36
5.51
5.72
5.81

5.79
5.67
5.60
5.42

4.08
3.98
3.90
3.85

4.35
4.36
4.42
4.42

4.26
4.03
3.80
3.67

3.50
3.50
3.52
3.55

3.72
3.66
3.65
3.67

3.78
3.72
3.73
3.58

3.96
4.24
4.39
4.63

4.89
4.89
4.94
5.02

3.40
3.23
3.00
2.86

2.00
1.89
1.99
2.01

September.
October
November.
December...

4.21
4.13
4.19
4.14

3.91
3.95
4.16
4.29

5.81
5.94
5.98
5.98

5.35
5.25
4.99
4.74

3.84
3.88
4.00
4.06

4.41
4.44
4.40
4.38

3.45
3.30
3.21
3.17

3.56
3.59
3.61
3.68

3.77
3.83
3.84
3.83

3.45
3.39
3.33
3.34

4.67
4.69
4.68
4.70

5.10
5.06
4.84
4.48

2.72
2.69
2.64
2.61

1.96
1.97
2.33
2.67

Year

4.12

4.04

5.50

5.61

4.11

4.33

3.83

3.51

3.76

3.60

4.24

4.86

3.25

2.20

Bills d is counted:
January
February..
March
April

3.94
4.02
3.94
4.14

4.21
4.18
4.16
4.16

4.71
5.20
5.47
5.58

6.30
6.37
6.36
6.32

4.99
4.90
4.83
4.75

4.26
4.24
4.45
4.49

4.50
4.50
4.50
4.50

3.55
3.42
3.60
3.66

3.91
3.99
4.00
3.98

4.00
4.00
4.00
4.00

3.50
3.77
3. 95
4 01

4.99
4.92
4.92
4.98

4.80
4.59
4.32
4.11

3.11
2.98
2.92
2.92

May
June
July
August

4.38
4.31
4.40
4.35

4.15
4.20
4.15
4.13

5.66
5.89
6.13
6.19

6.29
6.20
6.09
5.91

4.68
4.61
4.50
4.47

4.50
4.50
4.50
4.50

4.45
4.35
4.11
3.99

3.69
3.69
3.68
3.68

3.87
3.88
3.85
3.91

4.00
4.00
4.00
3.83

4.20
4.45
4.60
4.87

4.95
4.98
5.00
5.16

3.81
3.75
3.65
3.46

2.77
2.64
2.59
2.49

September.
October
November.
December..

4.27
4.22
4.27
4.29

4.17
4.15
4.40
4.55

6.22
6.35
6.41
6.42

5.85
5.69
5. 39
5.11

4.42
4.36
4.29
4.29

4.50
4.50
4.50
4.50

3.85
3.75
3.69
3.59

3.66
3.66
3.71
3.84

3.99
4.00
4.00
4.00

3.62
3.52
3.51
3.51

4.90
4.92
4.92
4.93

5.27
5.20
5.04
4.86

3.42
3.38
3.28
3.23

2.52
2.73
3.36
3.48

Year

4.24

4.23

5.88

6.07

4.63

4.46

4.25

3.67

3.95

3.83

4.56

5.03

3.93

3.01

Bills bought:
January
February.,
March
April

3.64
3.79
3.92
4.18

4.29
4.25
4.26
4.23

4.79
5.06
5.47
5.70

6.14
5.99
6.01
5.97

4.44
4.25
4.06
3.83

4.01
4.09
4.10
4.08

4.20
4.18
4.17
4.17

2.70
2.88
3.06
3.13

3.46
3.55
3.61
3.63

3.73
3.70
3.68
3.67

3.21
3.28
3.38
3.52

4.62
4.80
4.98
5.30

4.19
4.03
3.72
3.25

1.93
1.85
1.64
1.52

4.36
4.25
4.24
4.38

4.25
4.19
4.27
4.22

5.77
5.98
6.07
6.07

5.98
5.97
5.96
5.36

3.50
3.29
3.18
3.11

4.11
4.14
4.18
4.19

4.05
3.66
2.80
2.49

3.16
3.17
3.19
3.24

3.52
3.37
3.33
3.32

3.65
3.66
3.67
3.51

3.72
3.84
4.01
4.34

5.50
5.48
5.44
5.13

2.96
2.59
2.10
1.93

1.34
1.20
3.70
3.91

4.19
4.25
4.36
4.33

4.27
4.22
4.33
4.54

6.06
6.07
6.03
6.05

5.33
5.04
4.91
4.50

3.11
3.24
3.59
3.84

4.19
4.19
4.18
4.20

2.22
2.20
2.23
2.46

3.32
3.37
3.40
3.43

3.50
3.67
3.75
3.76

3.31
3.19
3.19
3.20

4.50
4. 56
4.56
4.56

5.11
5.21
5.22
4.60

1.92
1.94
1.91
1.87

2.77
1.70
1.91
2.39

May
June
July

August
September.
October
November.
December..
Year

4.14

4.30

5.66

5.70

3.54

4.14

3.31

3.17

3.55

3.49

3. 97

5. 00

2.85

2.04

U. S. Government securities:
January
February. .
March
April

3.27
3.25
3.59
3.56

2.26
2.31
2.41
2.43

2.18
2.17
2.10
2.10

2.13
2.11
2.24
2.15

3.16
3.58
3.72
3.77

3.74
3.96
3.99
4.11

4.26
4.17
4.04
4.14

3.51
3.59
3.50
3.58

3.69
3.71
3.60
3.65

3.55
3.53
3.49
3.48

3.35
3.44
3.44
3.46

4.01 3.62
3.91 3.64
3.99 .3.52
3.91 3.43

2.47
2.41
2.19
2.02

May. . .
June
July
August

3.06
3.00
2.76
2.87

2.42
2.33
2.24
2.21

2.22
2.24
2.15
2.22

2.49
2.40
2.31
2.33

3.70
3.67
3.63
3.60

4.17
4.02
4.17
4.15

4.05
3.79
3.68
3.57

3.57
3.53
3.54
3.54

3.61
3.56
3.55
3.52

3.54
3.46
3.43
3.37

3 53
3.68
3.67
3.69

3.93
4.06
4.05
4.00

3.34
3.15
2.97
2.88

1.94
1,79
1.64
1.50

September.
October
November.
December..

2.73
2.44
2.49
2.40

2.17
2.18
2.22
2.19

2.27
2.20
2.17
2.43

2.49
2.38
2.68
2.92

3.65
3.71
3.78
3.79

4.07
4.21
4.18
4.03

3.46
3.44
3.46
3.39

3.55
3.62
3.62
3.63

3.53
3.62
3.61
3.55

3.37
3.38
3.27
3.28

3.83
3.94
4.05
4.05

4.09
3.99
3.93
3.69

2.75
2.69
2.63
2.57

1.45
1.54
1.63
1.95

2.99

2.26

2.21

2.37

3.67

4.01

3.67

3.56

3.60

3.41

3. 64 | 3. 93

3.06

1.86

Year

Backfigures.—SeeAnnual Report for 1929 (Table 34).




79

DISCOUNT RATES AND MONEY RATES
No.

39.—OPEN MARKET RATES IN N E W YORK CITY, BY MONTHS, 1927-1931
[Per cent]
Prevailing rate o n -

Month

4-4H
4-AH
4-4V£
4-4K
4-4M
4M

1928—January
February...
March
April
May
June...
July
August
September...
October
November..
December..

Time
loans,
90 days 2

1930- - January
February. .March.
April
May
June
July
August
September..
October
November..
December,.
1931—-January
February. _.
March
April
May
June
July
August
September..
October
November,.
December..

3.80
3.80

5M-5J
5K-5H
5M
6
6
8 -6;

5

334-4

3
3
3
234-3
23/4-3

11A

m

Vs-VA
%
7
A

H

J/%-1/^
8

3

4

3.69
3.69
3.63
3.63
3.63
3.63
3.50
3.13
3.13
3.25
3.25
3.25

3.23
3.29
3.20
3.39
3.33
3.07
2.96
2 70
2.68
3.08
3.04
3.17

4.24
4.38
4.47
5.08
5.70
6.21
6.05
6.87
7.26
6.98
6.67
8.60

3.36
3.51
3.52
3.81
3.94
4.05
4.32
4.62
4.50
4.50
4.50
4.50

3.31
3.33
3.27
6 3.62
6 3.90
6 3.92
4.12
4.36
4.57
4.70
4.26
4.26

3.35
3.36
3.30
3.32
3.35
3.40
3.50
3.56
3.54
3.55
3.48
3.53

7.05
7.06
9.10
8.89
8.91
7.70
9.23
8.23
8.50
6.43
5.44
4.83

4.84
5.15
5.34
5.46
5.48
5.49
5.16
5.13
5.13
5.01
4.23
3.90

4.66
4.39
4.60
4.80
5.09
4.80
4.55
4.70
4.58
4.37
3.47
3.03

3.59
3.66
3.76
3.67
3.67
3.71
3.68
3.72
3.70
3.67
3.45
3.46

4.31
4.28
3.56
3.79
3.05
2.60
2.18
2.22
2.17
2.00
2.00
2.27

5 i -5K

4.32
4.03
4.13
4.18
4.26
4.33
4.05
3.68
3.83
3.90
3.60
4.38

6.94
7.47
9.80
9.46
8.79
7.83
9.41
8.15
8.62
6.10
5.40
4.88

4
4
4
4

1
2
3
4

New

4.15
4.33
4.48
5.06
5.69
6.32
6.06
6.91
7.40
7.12
6.86

J«

234-3
23/2-2%
2H
2M-2H
2 -2^
2
2
2
2
2 -434
33X-4 *

U. S.
Treasury
Prime
bank- notes Liberty Treasand bonds * ury
ers'
bonds s
Re- accept- certifinewal ances,
90 days
1months

4.27
4.06
4.13
4.21
4.27
4.26
3.95
3.66
3.84
3.88
3.60
4.43

3^-3^

4
4
-4K

1929—January
February...
March.
April
May
June
July
August
September^.
October
NovemberDecember. .

Average yield onl—

Call loans 3

Prime
commercial
paper,
4-6
months

1927—January
February
March
April
May__
June.
July
August
September
October.
November
December

Average rate on 1—

4.64
4.32
3.69
4.00
3.12
2.62
2.20
2.21
2.19
2.00
2.00
2.23

3.96
3.77
3.07
2.91
2.48
2.09
1.88
1.88
1.88
1.88
1.88
1.88

3.39
3.36
2.95
3.00
2.41
1.89
1.83
1.53
1.77
1.74
1.40
1.48

3.51
3.50
3.40
3.46
3.41
3.37
3.37
3.38
3.37
3 34
3.32
3.34

1. 50
1.50
1.56
1.57
1.45
1.50
1.50
1.50
1.50
2.10
2.50
2.73

1.57
1.50
1.55
1.52
1.45
1.50
1.50
1.50
1.50
2.10
2.50
2.70

1.58
1.39
1.50
1.43
1.01
.88
.88

1.24
1.06
1.38
1.49
.88
.55
.41
.42
.45
1.70
1.77
2.41

3.33
3.40
3.39
3.38
3.31
3.30
3.32
3.34
3.42
3.71
3.69
3.92

2.47
2.99
3.00

3.60
3.58
3.48
3.47
3.44
3.47
3.48
3.45
3.44
3.43
3.39
3.34

These rates are monthly averages of daily quotations for the month.
Stock exchange 90-day time loans
Stock exchange call loans; new and renewal rates.
Second, third, and fourth 4J^ per cent Liberty bonds.
'' Three issues. Since April, 1928—3%, 3%, and 4 per cent: yield calculated on basis of last redemption
dates—1947, 1956 and 1954. Prior to April, 1928—3%, 4 and 4M per cent maturing 1956, 1954, and 1952,
6
Based, at least in part, on certificates of 6-9 months maturity.

Back figures—See Annual Reports for 1928 (Table 39), and 1927 (Table 28).



80

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
IVo. 40.—OPEN-MARKET RATES IN N E W YORK CITY, BY WEEKS
[Per cent]
Average rate on—

Prime
Prime
commer- bankers'
Time
cial
90
acceptpaper, ances, 90 loans, 1
days
4 to 6
days
months

Week ending (Saturday)—

1931

Jan. 3
Jan. 10
Jan.17
Jan. 2 4 . . .
Jan.31

234-3
23/4-3
2^4-3
7

Feb. 7
Feb. 14
Feb. 21
Feb. 28

23/4

2^-2%
2^-23/4
2H

Mar. 7 .
Mar 14
Mar. 21
Mar. 28

2V£
2H
23/2

Apr. 4
Apr. 11..
Apr. 18
Apr. 25 .

2H-2H

May
May
May
May
May

2
9
16 .
23
30

2H-2H

June
June
June
June

6.
13
20
27 . _

2

2J4-2J4
2H~2J-i

21,4
2 - 2 }4
2 -234
-2H
2
2
2

July 4
July 11
July 18
July 25

2
2
2
2

Aug 1
Aug. 8 _
Aug 15
Aug. 22.. ___
Aug 29

2
2
2
2
2

Sept 5
Sept 12
Sept. 19
Sept. 26 -

_ _-

-.

_-

.-

Oct. 3
Oct. 10
Oct. 17
Oct. 24 .
Oct 31

5
12
19
26.

m

m-m
m-m
m-m
m
m
m

2 -2ft
2H-4H
334-414
33/4-4K
4 -4J4

.-

_-

.

-__

A

m-2
m-2
m-2
m-2
2

-2U

m

-21/3
-2i/4
-2U

m
m

m-2
m-2
2 -2H

m
m
m-m
m
m-m

1 -m
7
A
7

A

7

A
7

7A

2

-2\i

m-2
lJ^-1%

m-m
m-m

U . S.
Treas-

New

Renewal

Prime
bankers'
acceptances,
90 days

2.94
1.50
1.50
1.50
1.50

3.13
1.50
1.50
1.50
1.50

L84
L. 75
65
48
43

1.43
1.39
1.32
1.13
1.09

3.35
3.32
3.31
3.30
3.38

1.50
1.50
1.50
1.50

1.50
1.50
1.50
1.50

1.38
1.25
1.43
1.50

1.07
.95
1.03
1.19

3.39
3.36
3.41
3.44

1.58
1.67
1.41
1.58

1.50
1.70
1.50
1.50

1.50
1.50
1.50
1.50

1.25
1.28
1.45
1.50

3.42
3.39
3.37
3.39

1.53
1.74
1.54
1.50

1.50
1.60
1.50
1.50

1.50
1.50
1.50
1.43

1.47
1.59
1.54
1.48

3.39
3.39
3.39
3.38

1.50
1.40
1.38
1.50
1.50

1.50
1.50
1.30
1.50
1.50

1.25
1.18
1.05
.90
.88

1.29
1.20

3.36
3.35
3.30
3.27
3.30

1.50
1.50
1.50
1.50

1.50
1.50
1.50
1.50

.88
.88
.88
.88

.51

ury
notes Treasand
ury
certifi- bonds s
cates,
3 to 6
months

4

.92
.74

.60
.37

4.65
.65

3.29
3.28
3.28
3.33

A
7

m-m
m-m

7

m-m

1.50
1.50
1.50
1.50

1.50
1.50
1.50
1.50

.88
.88
.88
.88

.58

m-m

1.50
1.50
1.50
1.50
1.50

1.50
1.50
1.50
1.50
1.50

.88
.88
.88
.88
.88

.41

m-m

1.50
1.50
1.50
1.50

1.50
1.50
1.50
1.50

.88
.88
.88
1.08

.41

2

1.50
1.53
2.13
2.50
2.50

1.50
1.50
2.13
2.50
2.50

1.25
1.35
2.53
3.25
3.25

.95
1.92
2.21
2.22

3.53
3.57
3.78
3.81
3.81

2.50
2.50
2.50
2.50

2.50
2.50
2.50
2.50

3.20
2.98
2.88
2.94

1.81
1.69
1.70
1.85

3.71
3.66
3.67
3.73

2.50
2.50
2.55
3.00

2.50
2.50
2.50
3.00

3.00
3.00
3.00
3.00

1.99
2.06
4 2.67
2.68

3.77
3.86
3.94
3.96

A

7A
A
7
7A

A

7
7A
7

A

A

7

7A

7A

m-m
m-m
m-m
m-m
m-m
m-m

m
m
1 -m m-2
A

m
zvi
3J4
3
2%

3 §4-4
33/4-4
3?4~4

2U-2H
2U-2H

2
2
2

2

Nov 7
Nov. 14
Nov. 21
Nov. 28
Dec.
Dec
Dec.
Dec.

2
2
2
2

VA

Average yield
on—

Call loans 2

Prevailing rates on—

3
3
3
3

-2\i
2J-i

2%-sn
3^-4
3^-4

3^-4
3^-4
3
3

-Z\k
-ZH

3

-3}i

3 —3^
3 -4

.48
.36

.30
.45
.49
.39

.35
.36

.31
.81

3.33
3.32
3.31
3.32
3.34
3.34
3.33
3.33
3.34
3.34
3.38
3.41
3.46

i Stock exchange 90-day time loans.
« Stock exchange 3call loans; new and renewal rates.
> Three issues—3 A, 3%, and 4 per cent; yields calculated on basis of last redemption dates—1947, 1956,
and 1954.
* Change of issues on which yield is computed.
Back figures.—See Annual Reports for 1930 (Table 34), 1929 (Table 36), 1928 (Table 40), 1927 (Table 29),
107)» and 1925 (Table 106).
1926 (Table



81

DISCOUNT BATES AND MONEY KATES'
No.

41.—MONEY RATES IN N E W YORK CITY—PREVAILING RATES CHARGED

CUSTOMERS, 1927-1931
[Rates prevailing during 7-day period ending with 15th of month. Per cent]

Month

January
February __.
March
April
May
June
July.
August
September..
October
November..
December..
January
February, _.
March
April
May
June
July
August
September..
October
November..
DecemberJanuary
February...
March
April..
May
June
July.
August
September..
October
NovemberDecember..
January
February—.
March
April
May
June
July
August
SeptemberOctober
NovemberDecember. .
January
February...
March
April
May
June
July
August
September..
October
November..
December..

Prune
commercial
loans

Interbank
loans

Loans secured by
stocks and bonds
Demand

Time

Loans
secured
by warehouse
receipts

1927

4 -5
4 -5
4 -5
4 -5
3^-5
4 -5

4M-5
434-5
4H-5
43^-5
434-5
4^-5
4H-5
4%-5
4M-5
4H-5

4^5
4^-5
4^5

1928
4 -5
43^-5
4

5 -6
5 -53,
5 -6
534-6

5
5 -53/
5 —5^
5 -6
5H-6

53^-6

5K-6

4H6
43^-5
4M~5
5 -6
5 -6
5 -6
5^-6
53^-6
53^-G
5H-6
%6

1929

5M6
5M-6
6

5H-6
5M-6
5M-6
6 -6k
5K-6
1930

5U-5H
5 -5H
4U5
4 -4V2
4 -4/
4 -4M
4
3J/2-4

5M-6
6
6
6 -6J

6
6 -6k

5H-6

5M-6

5 -5

41-2-5
4 -5
4 -43
4 -4}
4 -41
4 -4J
4 -4J
4 -41

1931

3H5
3/4-4
3J4-4
3 -4
3 J4-4
3/2-4
3 -4
3 -4
3
4
4

4 -41/2
3^-5
4 -4H
4 -4^2
4 -4^
4 -5
4 -4^
4 -4V2
4 -5
41/2-5

4^5

5 -6
4^-51/2
4^-5^
4J/2-5
4 -5
4 -5
4 -5
4 -5
4 -5
4 -5
41/2-5
41/2-5
4^-5
41/2-5
4/2-5
4/2-5
4 -5
4 -4/2
4 -4/2
4/2-5
41^-5
4/2-5

6
6
6
6
6
5H-6

5^-6
5/i-6
5-6
5 -51,
5 -5^1
5
4/-5HJ 4H-6
4H-5

4 -5

4 7 "-5
4 -5
4 -5
4 -5

4 -5
4 -4
4 -5

4/2-5 j
4/2-5 I
4 / 2 -5
4 -5
4 -5
4 -4V

4/ r 5'

4/2-5

3%-5
3/i4^
3/2-4
3%-4H
3/2-4
3/2-5
3/2-4
4' -4/2
4 -5
4/2-5

Back figures.—See Annual Eeports for 1928 (Table 41) and 1927 (Table 30).
NOTE.—For corresponding figures relating to cities other than New York, see the Federal Reserve Bulletin; also Annual Reports for 1926, Part II, Table 16, and 1925, Part II, Table 12.




82

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
No. 42.—RATES CHARGED CUSTOMERS BY BANKS IN PRINCIPAL CITIES
[Weighted averages of prevailing rates]

1919

New York City:
January
February
March
April.__
May—
June
-.
July..—
August
September
_
_
October
November
December
Eight other northern and eastern
cities:
January
February
March
April
May
June
July
August
September
October
November
December
Twenty-seven southern and western
cities:
January
February
March
April
May
June
July
August
September
October
November
December

1920

1921

5.54
5.36
5.46
5.56
5.43
5.45
5.49
5.49
5.49
5.63
5.56
5.61

5.93
6.00
6.00
6.09
6.00
6.00
6.43
6.36
6.57
6.57
6.71
6.36

5.79
5.67
5.66
5.72
5.59
5.70
5.75
5.75
5.76
5.76
5.77
5.86

6.11
6.03
6.02
6.01
6.00
5.91
5.98
5.94
5.93
5.96
5. 95
6.10

1925

1926

1927

1928

1929

6.71
6.78
6.70
6.64
6.68
6.43
6.21
6.25
6.11
5.93
5.96
5.68

4.82 5.21 4.16
4.91 5.07 , 4.43
4.98 5.06 4.53
5.32 4.98 4.48
5.27 4.89 4.38
4.93 5.21 4.64 j 4.36
5.16 5.29 4.21 ! 4.46
4.66 5.18 4.09 ! 4.36
4.70 5.33 4.20 | 4.57
4.74 5.37 4.41 4.62
4.82 5.39 4.13 4.61
4.86 5.21 4.29 4.70

4.64
4.68
4.62
4.62
4.66
4.58
4.38
4.62
4.81
4.85
4.79
4.79

4.66
4.56
4.56
4.63
4.63
4.60
4.56
4.41
4.44
4.49
4.35
4.50

4.56
4.44
4.59
4.72
4.97
5.09
5.38
5.56
5.63
5.63
5.56
5.63

5.74
5.73
5.81
5.85
5.88
5.93
5.88
6.05
6.06
6.08
5.86
5.74

5.64
5.35
5.22
4.91
4.74
4.59
4.48
4.41
4.29
4.26
4.17
4.16

4.24
4.31
4.20
4. 17
4.11
4.13
4.05
3.97
3.93
4.27
4.67
4.64

5.99
6.15
6.32
6.68
6.79
6.98
7.01
7.01
6.98
7.00
7.00
6.97

6.99
6.95
6.94
6.99
6.94
6.97
6.93
6.59
6.62
6.65
6.32
6.19

6.08 5.34 5.53
5.89 5.38 5.38
5.77 5.52 5.37
5.46 5.49 5.31
5.43 5.54 5.26
5.43 5.45 5.12
5.31 5.47 5.09
5.27 5.64 4.80
5.12 5.59 4.87
5.20 5.57 4.87
5.35 5.51 4.80
5.44 5.48 4.87

4.80
4.79
4.89
4.92
4.95
4.95
4.90
4.98
5.04
5.16
5.20
5.17

5.14
5.11
5.15
5.17
5.07
4.87
4.92
4.91
5.08
5.15
5.07
5.09

4.99
4.98
4.88
4.90
4.95
4.93
4.90
4.87
4.77
4.79
4.82
4.76

4.73
4.76
4.81
4.91
5.04
5.36
5.57
5.59
5.80
5.80
5.82
5.91

5.87
5.86
5.91
6.00
6.09
6.02
6.08
6.11
6.24
6.25
6.12
5.94

5.66
5.47
5.22
5.13
5.06
4.81
4.79
4.74
4.75
4.66
4.68

4.61
4.63
4.62
4.57
4.55
4.49
4.48
4.47
4.48
4.62
4.87
4.91

6.16
6.26
6.43
6.47
6.56
6.88
7.00
6.99
7.07
7.04
7.08
7.07

7.10
7.11
7.13
7.09
7.06
7.05
7.04
7.03
6.96
6.85
6.74
6.67

6.56 5.90
6.46 5.91
6.35 5.83
6.22 5.94
6.23 5.92
6.13 5.91
6.04 5.96
6.02 5.98
5.94 5.94
5.89 5.95
5.94 5.99
5.90 5.99

5.57
5.55
5.61
5.61
5.58
5.59
5.59
5.60
5.55
5.53
5.55
5.61

5.56
5.65
5.62
5.65
5.61
5. 54
5.54
5.56
5.60
5.66
5.67
5.68

5.72
5.71
5.65
5.57
5.59
5.54
5.52
5.53
5.61
5.56
5.56
5.60

5.53
5.53
5.54
5.54
5.56
5.67
5.77
5.80
5.82
5.87
5.90
5.91

5.94
5.96
6.04
6.07
6.10
6.16
6.17
6.22
6.27
6.29
6.29
6.20

6.12
6.04
5.98
5.86
5.75
5. 69
5.62
5.57
5.54
5.53
5.49
5.42

5.50
5.43
5.40
5.36
5.26
5.34
5.30
5.28
5.32
5.38
5. 53
5.56

1924

5.50
5.48
5.43
5.46
5.06

6.02
5.91
5.89
5.89
5.79
5.69
5.63
5.57
5.55
5.47
5.53
5.53

1931

NOTE.—Figures relate to rates charged by reporting banks to their own customers (see Table 41) as
distinguished from open-market rates (which are given in Tables 39 and 40). All averages are based on
rates reported for 3 types of customers loans—commercial loans, and demand and time loans on securities.
The method of computing the averages takes into account (a) the relative importance of each of these 3
types of loans and (6) the relative importance of each reporting bank, as measured by total loans. In the
two group averages the average rate for each city included is weighted according to the importance of that
city in the group, as measured by the loans of all banks.




83

DISCOUNT RATES AND MONEY RATES

FOREIGN RATES
No.

43.—DISCOUNT RATES OF CENTRAL BANKS IN FOREIGN COUNTRIES—
CHANGES FROM JANUARY 1, 1928, TO DECEMBER 31, 1931
Central bank o—
f
Date effective

England France

In effect Jan. 1, 19.8
1928—Jan 2
Jan 19
Mar. 5
Apr 1
May 1
- ._ .
June 25
Aug 24
1929—Jan 7
Jan 12
Feb.7
Mar 14
Mar 25
Apr 25
Sept. 26
Sept. 27
Oct. 31

4

Germany

Italy

Japan

7

7

Nether- Sweden Switzerlands
land

5.48

IH

VA

3H

6
4

4H
6

6M
5X>

7

5K

m
6

5

Nov 2
Nov. 16
Nov. 21
Dec. 12
Dec 13
1930—Jan 1
Jan 14
Jan. 16
Jan. 30 . .Feb 5
Feb. 6
Mar 3
Mar. 6
Mar 7
Mar 8
Mar. 20
_
Mar 25
Apr 3
Apr 24
May 1
May 2
May 19
Mav 20
June 21
July 10
_
Oct. 7
Oct. 9
jg31_jan 3
Jan. 22
Jan 24
Feb 6
May 14 _ _
May 16
June 13
.
July 16
July 23
July 30
July 31
Aug. 1
_ _._ -_.
Aug. 12
Sept. 2
_ _._ _
Sept. 21
Sept 25
Sept. 28
Sept. 29
Oct. 6
Oct. 8
Oct. 10
Oct. 19
_
Nov. 4
Dec. 10
In effect Dec. 31, 1931

7

i

4H

5
5

m

4

3
6

VA

m

4

4

5H

:::::::::
3

5

3H

6

3
2H

._ __

4

2H

5. II

5
2

2H
VA

2

3

2

7
10

4

15
10
8

5
6
8

6

7
3

5.84
7

2H

6

7

6

6.57

7
7

6.57

Back figures.—See Annual Reports for 1929 (Table 38) and 1928 (Table 42).




3

3

6

2

84

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 44.—OPEN-MARKET RATES IN FOREIGN COUNTRIES, BY MONTHS, 1927-1931

England France
(London) (Paris)

Germany Italy
(Berlin) (Milan)

Japan
(Tokyo)

Nether- Switzerlands
land
(Amster- (Zurich)
dam)

Month
Bankers'

Private Private
accept- Private Private Private Discounted discount discount
ances, 3 discount discount discount
bills
rate
rate
rate
rate
rate
months

January...
February...
March
April.
May
June
July
August
SeptemberOctober
November..
December..
January...
February...
March
April
May...
June
July
August
September..
October
November..
December..
January..,
February...
March
April.
May__
June
July....
August
September.
October
November..
December. _
January
February.-.
March
April..
May
June
July.....
August
SeptemberOctober
November..
December..
January
February...
March
April
May
June
July
Aug ust
September..
October
November..
December..

1927

4.19
4.33
4.04
3.88
4.34
4.33
4.33
4.32
4.32
4.33
4.31

4.99
4.45
3.89
3.17
2.46
2.25
2.13
2.04
2.01
1.82
2.75
2.95

4.20
4.23
4.59
4.61
4.90
5.39
5.90
5.82
5.90
6.69
6.76
6.87

9.25
9.25 |
9.25
9.25
8.50
7.60
7.00
7.00
6.81
6.50
6.27
6.00

4.19
4.18
4.12
4.02
3.97
3.82
3.99
4.27
4.23
4.35
4.38
4.37

2.81
2.75
2.72
2.62
2.62
2.90
3.12
3.23
3.26
3.37
3.37
3.41

6.27
6.20
6.72
6.71
6.66
6.59
6.74
6.68
6.65
6.57
6.28
6.28

6.00
5.89
5.75
5.49
5.25
5.25
5.25
5.25
5.25
5.25
5.45
5.50

4.32
5.05
5.33
5.21
5.21
5.32
5.38
5.47
5.59
6.13
5.35
4.76

3.50
3.39
3.37
3.44
3.49
3.50
3.50
3.50
3.50
3.50
3.50
3.50

5.80
5.80
6.31
6.63
7.49
7.50
7.39
7.18
7.18
7.28
6.89
6.98

4.07
3.82
2.78
2.48
2.16
2.31
2.37
2.21
2.07
2.09
2.18
2.30

3.38
2.91
2.70
2.57
2.36
2.11
2.08
2.10
1.99
2.00
2.00
2.03

2.25
2.56
2.60
2.58
2.24
2.09
2.58
4.28
4.74
5.68
5.75
5.85

1.89
1.77
1.57
1.47
1.28
1.06
1.20
1.50
1.50
1.80
1.90
1.75

4.17 I

2.97
3.47
3.50
3.47
3.46
3.57
3.53
3.45
3.56
4.11
4.50
4.49

3.16
2.87
2.98
3.13
3.19
3.42
3.47
3.44
3.39
3.38
3.39
3.40

6. 57-6. 94
6. 57-6. 75
6. 39-6. 75
6. 39-6. 57
6. 21-6. 57
6. 21-6. 39
6.02-6. 39
6. 21-6. 39
6. 02-6. 21
5. 84-6.21

4.29
3.97
3.97
4.18
4.27
4.18
4.10
4.13
4.39
4.40
4.44
4.46

3.29
3.12
3.20
3. 29
3.32
3.40
3.44
3.41
3.38
3.38
3.35
3.32

5.83
6.00
6.31
6.75
6.83
6.75
6. 75
6.85
7.01
7.18
7.00
7.00

5. 84-6. 21
?,. 66-5. 84
5. 66-5. 84
5. 48-5. 66
5. 48-5. 66
5. 48-5. 66
5. 48-5. f,6
5.48
5.48
5.48
5.48
5.48

4.20
4.39
4.64
5.36
5.37
5.30
5.20
5.06
5.36
5.15
4.26
3.52

3.28
3.31
3. 39
3.45
3.34
3.26
3.19
3.33
3.38
3.38
3.32
3.15

6.33
5.53
5.12
4.46
3.89
3.58
3.40
3.24
3.30
4.66
4.79
4.82

7.00
6.95
6.57
6.43
5. 81
5.50
5.50
5.50
5.48
5.25
5.43
5.50

5.48
5.48
5.48
5. 48
5.48
5.48
5.48
5.48
5. 48
5. 48-5. 66
5.48-5.66
5.48-5.66

2.99
2.80
2.50
2.52
2.29
1.89
1.85
1.83
1.96
1.59
1.31
1.39

2.97
2.71
2.60
2.61
2.44
2.06
1.92
1.75
1.50
1.29
1.16
1.18

4.75
4.88
4.76
4.65
4.65
6.05
2 7.00
2 8. 92
7.99
8.00
8.00
7.33

5.50
5.50
5.50
5.48
5.25
5.25
5.25
5.25
5.47
7. 50
7.50
7.50

5. 48-5. 66
5.48
5. 29-5.48
5.29-5. 48
5.29-5. 48
5.29-5.48
4. 93-5. 48
4. 93-5. 48
4. 93-5. 48
4. 93-5.66
5. 48-6. 57
5. 84-6. 57

1.38
1.12
1.09
1.50
1.39
1.05
1.53
1.30
1.30
2.76
1.59
1.57

1.17
1.00
.99
1.06
1.12
1.12
1.55
1.98
1.80
1.90
1.77
1.75

1928

1929

1930

1931

1 Allfiguresare monthly averages. For sources used and detailed explanation of methods of quotation,
see Federal Reserve Bulletin ror November, 1926, April, 1927. November, 1929, and May, 1930.
2 Based on data for part of month, no quotations being available for remainder of month.
Backfigures.—SeeAnnual Report for 1926 (Table 116).




MEMBER AND NONMEMBER
BANK CREDIT




85

ALL BANKS IN THE UNITED STATES
No. 45.—ALL BANKS 1 IN THE UNITED STATES—LOANS AND INVESTMENTS OF
MEMBER AND NONMEMBER BANKS, 1914-1931

[In millions of dollars]
Loans and investments
Date 2

All
banks

Nonmember
banks

Member
banks

« 12, 475
12, 702
14, 271
15, 833
13, 306
22, 242 14, 330

30..
23.
30..
20..
29..
30..

20, 788
21, 466
24, 586
28, 286
31,813
36, 572

3 8, 313
8,764
10, 315
12, 453
18, 507

1920—June 30..
Nov. 15..
Dec. 29..

41, 684
« 42,149
5 41, 551

25, 559
25, 769
25, 531

1921—Apr. 28
June 30.
Dec. 31

M0,250
40,001
539,007

24, 390
24,121
23, 482

*38,918
39,956 i
41,919

23, 278
24,182
25, 579

5

1

42, 971 !
43,737 '
43, 742
44,003

26,141
26, 507
26, 319
26, 487

5

1924—Mar. 31..
June 30..
Oct. 10..
Dec. 31..

44, 453
45,180
46, 448
47,182

1925—Apr. 6 . . .
June 30_.
Sept. 28_.
Dec. 3 1 . .

47,
48,
49,
50,

1914—June
1915—June
1916—June
1917—June
1918—June
1919—June

1922—Mar. 10
, June 30
Dec. 29
1923—Apr. 3 . . .
June 30_.
Sept. 14..
Dec. 3 1 . .

5

911
830
826
603

Investments

Loans

NonMem memAll
All
ber
ber banks"
banks * banks
banks *

NonMem- member
ber
banks banks *

15, 257 3 6,443 » 8, 813 5,532
8,933 5,813
15,653
6,720
17, 972 7,964 10, 007 6,614
20, 525 9,370 11,153 7,764
22, 404 13, 233 9,171 9,408
24, 723 15, 414 9,310 11,847

' 1,870 * 3, 662
3,769
2,044
4,262
2,351
4,679
3,083
4,135
5,274
5,020
6,827

16,125 30, 839
16, 380 5 31,322
16,020 5 30,655

19, 533 11,305 10,845
19, 852 511,470 | U0,827
19, 555 "11,100 510,896

6,026
5,917
5,976

4,820
«4, 910
5 4,920

15, 860 29, 387
15, 880 28, 988
15, 535 5 27,869

18, 487
18,119
17, 394

5,903
6,002
6,088

«4,960
5,011
5 5,060

15, 640 5 27,580
15, 774 527, 750
16,340 , 28,880

17,080 «10,500
17,165 10, 587
17, 930 510,950

5 11,338
12, 206
513,039

6,198
7,017
7,649

5 5,140
5,189
5
5,390

16, 830
17, 232
17, 423
17, 516

5 29,719
30, 398
30, 560
30, 797

18,419 511,300
18, 750 11, 647
18, 719 11,841
18,842 11,955

7,722
7,757
7,600
7,645

5 5, 530
5,584
5,581
5,561

26, 663
27,167
28, 311
28, 746

17, 790
18,013
18,137
18, 437

31, 219
31,541
32,100
32,458

19,045
19, 204
19, 713
19, 933

12,174
12, 337
12,387
12,525

613, 252
13, 341
13,182
13,206
13, 234
13,639
14,348
14, 724

7,618
7,963
8,599
8,813

5,616
5,674
5,750
5,911

29, 046
29, 518
30,176
30, 884

18, 865
19, 312
19,650
19, 720

33, 019
33, 882
34,850
35, 658

20,176
20, 655
21, 285
21,996

12,843
13, 227
13,565
13,662

8,863

6,023
6,085
6,085
6,057

30, 819 20, Oil 35, 719
31,184 20, 378 36,176
31, 642 r 20, 382 36, 777

21, 785
22,060
22, 652

14,893
14, 948
14,975
14,945
13,934 15, 111
14,114 15,386
14,125 15, 246

9,034
9,123
8,990

6,077
6,265
6,256

5
5
5
5

5

10,900 «10,863
10,870 ! 11,012
10,475

1926—Apr. 12..
June 30-.
Dec. 3 1 . .

50, 830
51, 562
' 52,024

1927—Mar. 23..
June 30-.
Oct. 10..
Dec. 3 1 . .

52, 462
53, 750
54, 443
55,450

31, 949
32, 756
33,186
34, 247

20, 513
20, 994
21, 257
21, 204

36,532
37,378
37,830
38,426

22, 327
22,938
23, 227
23,886

14, 205 15,930
14, 440 16,373
14, 603 16, 613
14, 539 17,024

9,622
9,818
9,959
10, 361

6,308
6,555
6,654
6,664

1928—Feb. 28..
June 30-.
Oct. 3 . . .
Dec. 31-.

55,
57,
57,
58,

327
265
219
266

33, 688
35,061
34, 929
35, 684

21, 639
22, 204
22, 291
22, 582

37,
39,
39,
40,

910
483
690
782

23,099
24, 303
24, 325
25,155

17,416
17, 782
17, 530
17,484

10, 590
10, 758
10, 604
10, 529

6,827
7,024
6,926
6,955

1929—Mar. 27..
June 29..
Oct. 4 . . .
Dec. 3 1 . .

58,
58,
58,
58,

019
474
835
417

35, 393
35,711
35,914
35, 934

22, 626 40,577
22, 763 41, 531
22,922 42, 221
22, 483 41, 918

24, 945
25, 658
26,165
26,150

17,442
16,943
16, 615
16,499

10,448
10,052
9,749
9,784

6,994
6,891
6,866
6,715

1930—Mar. 27..
June 30-.
Sept. 24_.
Dec. 3 1 . .

57, 386
58,109
57, 590
56, 209

35,056
35, 656
35, 472
34,860

22, 331 40, 706
22, 453 40, 638
22,118 39, 735
21, 349 38,135

25,119
25, 214
24, 738
23, 870

14, 811
15,180
15,365
15, 627
15,632
15, 873
16, 056
15, 768
15, 587
15,424
14, 997
14, 264

16,680
17, 471
17,855
18, 074

9,937
10, 442
10, 734
10, 989

6,743
7, 029
7,121
7,085

1931—Mar. 25..
June 30-.
Sept. 29..
Dec. 3 1 . .

55,
55,
53,
49,

34, 729
33, 923
33,073
30, 575

21,195 36, 813
21, 099 35,384
20, 292 33, 750
19,129 31,305

22,
21,
20,
19,

13, 974
13,568
12, 876
12,045

19,111
19,637
19, 615
18, 399

11,889
12,106
12,199
11, 314

7,222
7,531
7,416

924
022
365
704

840
816
874
261

1 Includes member and nonmember banks (21,903 altogether in June, 1931) as follows: National banks,
State commercial banks and trust companies, mutual and stock savings banks, and all private banks under
State supervision (about 211 in June, 1931.)
2
Dates of reports of member banks; figures for nonmember banks are as of nearest available date.
3 National banks.
* Nonnational banks.
5 Estimated.
' Revised.
* Figures (excepting those estimated) revised for period June, 1914-September, 1930; see Tables 97 and 98.

135554—32


87

88
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
46.—ALL BANKS 1 IN THE UNITED STATES—DEPOSITS OF MEMBER AND

NONMEMBER BANKS (EXCLUSIVE OF INTERBANK DEPOSITS),

1914-1931

[In millions of dollars]
All
banks

Date 3

NonMember member
banks
banks

Date'

All

banks

Member
banks

Nonmember
banks

1914—June 30
1915—June 23
1916—June 30
1917—June 20
1918—June 29
1919—June 30

18,566
19,131
22, 759
26,352
28, 765
33,603

» 6,374
6,678
8,395
10, 301
15,670
19,171

< 12,192
12,453
14,364
16, 052
13,095
14,433

1925—Sept. 28
Dec. 31

47,994
49,224

28,197
30,029

19, 797
19,195

1926—Apr. 12
June 30
Dec. 31

48, 736
49, 733
••50,155

29,044
29, 781
30,474

19,692
19,952
'19,681

1920—June 30
Nov. 15
Dec. 29_

37, 721

21,915
21,876
21,136

15,805
(5)

1927—Mar. 23

49, 802
51, 662
52,152
52,909

29, 869
31, 269
31, 273
32,063

19, 933
20, 393
20, 879
20,846

20,143
20,637
20,387

(5)

52,221
53, 398
53, 720
56, 766

31,191
32,133
32,138
34,826

21,030
21, 265
21, 582
21, 940

(5)
(5)

1921—Apr. 28
June 30
Dec. 31

35, 742
5

1922—Mar. 10.
June 30
Dec. 29

37, 615

(5)

()
(5)

C
O
(5)

20,495
22, 397
23,796

(5)

15,104 ! 1928—Feb. 28

C
O
C
O

June 30
Oct. 3
Dec. 31

C
O

June 29
Oct. 4
Dec. 31

54, 545
53,852
55,180
55, 289

33, 215
32, 284
33, 004
33, 865

21,330
21. 567
22,176
21,424

1930—Mar. 27
June 30
Sept. 24
Dec. 31

53,185
54, 954
52,784
53,039

32,082
33,690
31, 839
32, 560

21,103
21,'264
20, 945
20. 479

1931—Mar. 25
June 30
Sept. 29
Dec. 31

51,427
51, 782
49,152
45,821

31,153
31, 566
29,469
27,432

20, 274
20, 216
19,683
18, 389

15,219 j
(6)
1929—Mar. 27

1923—Apr. 3
June 30
Sept. 14
Dec. 31

40,688
40,685
42,163

23,692
23, 871
23, 739
24,996

1924—Mar. 31
June 30
Oct. 10
Dec. 31

41, 979
43,405
44,184
45,835

24, 790
25, 711
26, 305
27,836

17,189
17,694
17, 879
17,999

45,859
47,612

27,168
28,440

18, 691
19,172

1925—Apr. 6
June 30

_.

June 30
Oct. 10
Dec. 31

16, 817
16,946
17,167

1
Includes member and nonmember banks (21,903 altogether in June, 1931) as follows: National banks,
State commercial banks and trust companies, mutual and stock savings banks, and all private banks under
State supervision (about 211 in June, 1931). .
2
Dates of reports of member banks,figuresfor nonmember banks are as of nearest available date.
*National banks.
4
Nonnational banks.
6
Figures not available.
r
Revised.




ALL MEMBER BANKS
No.

47.—ALL MEMBER BANKS—RESOURCES AND LIABILITIES OF NATIONAL
AND STATE BANK MEMBERS, DECEMBER 31, 1930 AND 1931
[In thousands of dollars]
National banks * State bank members

Total
Dec. 31,
1930

Dec. 31,
1931

Dec. 31,
1930

Dec. 31,
1931

Dec. 31,
1930

Dec. 31,
1931

KESOUECES

Loans (including overdrafts).
United States Government securities
Other securities
_.
Total loans and investments
Customers' liability on account of acceptances
Banking house, furniture, and fixtures
Other real estate owned
Cash in vault
Eeserve with Federal reserve banks
Items with Federal reserve banks in process of collection
Due from banks in United States
Due from banks in foreign countries (including own branches)
Exchanges for clearing house and other
checks on local banks
Outside checks and other cash items
Redemption fund and due from United
States Treasurer
Acceptances of other banks and bills of exchange or drafts sold with indorsement..
Securities borrowed
Other assets
Total

.

>,
23, 870,488 19, 260, 685 14,346,76211,904,779 9,523,726 7,355,906
4,124,776 5,318, 654 2,649,262 3,171,103 1,475,514 2,147,551
6, 864,247 5, 995, 786 4,429,613! 4,017,733 2.434,634 1, 978,053
34,859,51130, 575,135 21,425,637 19,093,615 13,433,874 11,481,510
i,
718, 500
1,117,833
1, 240,444 1,174,957
211,755
191,169
592, 504
522, 551
2,474, 509 1,975,169

504,226
613, 607
389, 386
428, 945
811,499
769,995
120,719
132, 391
70,450
405, 821
377, 570
186, 683
1,460,365 1,137, 747 1, 014,144

329,114
404,962
79, 364
144, 981
837, 422

598,285
757,216
2,455,948 1,662, 226

371,366
450, 229
1,777,037 1,175, 677

226,919
486, 549

174,183

204,448

2, 076,189 1,388,409
108,128
92, 766

1,010,263
63,011

260,818

32, 318

31,372

310,502
13,473
223, 687

56,370

25, 595

670,169 1,065,926
29, 755
87,998

718,240
20,130

148, 588

32,318

662, 686
21, 069
222,911

306,987
678,911

244, 489
15,803
118, 586

31,372
204,239
418,197
106,263
4,470
5,266
106,613
104,325
9,003
117,074
47,057,891 39, 688, 322 28, 753, 832,24, 618, 214 18,304, 059 15, 070,108

LIABILITIES

Capital stock paid in
2,665,151 2,499, 098
Surplus
.__
2,822,091 2, 524,460
Undivided profits—net
605,403
894,388
Reserves for dividends, contingencies, etc.
370,368
211,407
Reserves for interest, taxes, and other ex98,668
penses accrued and unpaid
121,190
48,381
49,267
Due to Federal reserve banks
3,872,842 2,832,296
Due to other banks in United States
Due to banks in foreign countries (includ634,927
433, 740
ing own branches)
Certified and officers' checks outstanding. _ 1,223, 777 729, 301
Cash letters of credit and travelers' checks
outstanding-.
19, 581
20,960
17,501, 550 14,955,400
Demand deposits
13,546,201 11,315, 842
Time deposits
411,845
267,415
United States deposits
.__
Agreements to repurchase United States
Government or other securities sold
158,141
81,583
Bills payable and rediscounts:
622,652
"With Federal reserve banks
248,017
All other
.__
_.
107,151
216,476
Acceptances of other banks and bills of exchange or drafts sold with indorsement- _
310,502
Acceptances executed for customers
1,138, 624
732,253
Acceptances executed by other banks for
15,031
14,169
account of reporting banks
National-bank notes outstanding639,640
624,234
21,069
Securities borrowed
13,473
236, 366
228, 597
Other liabilities
Total

881, 074
1,718,734 1,618,024
946, 417
1,546,3021 1,379,549 1, 275, 789 1,144,911
254,410
379,007
515,381
350,993
199, 677
103,138
108, 269
170, 691
56,913
46,113
64,277
52, 555
32,416
16, 851
12, 668
35, 713
2,360,920 1,719,847 1,511,922 1,112,449
388, 597
633, 590

218,361
352, 366

246,330
590,187

215,379
376,935

12,183
11, 095
8,777
8,486
10, 622, 893 9,056, 329 6,878,657 5,899,071
8, 711, 721 7, 594,468 4,834,480! 3,721,374
152,396
106777
12396
160, 638
259,449
106, 777
30,482

33,073

51,101

185, 732
69,874

424, 794
130, 571

244,.
625,450

106, 263
397, 587

418,197
513,174

204,239
334, 666

8,242
639,640
15,;
59, 014

5,528
624,234
9,003!
52, 302!

6,789

8,641

5,266j
177,352

4,470
176,295

125, 068
62, 2851
37, 277

197, 858
85,905

47,057,891 39,688,322 28, 753,832 24,618,214 18,304,059 15,070,108

i Member banks only; i. e., exclusive of national banks in Alaska and Hawaii.
Back figures.—For principal items see Table 46, also Annual Report for 1926 (Tables 77-78: Separate
figures for national and State members); for details see (1) Member Bank Call Report Nos. 34-54; (2) Annual
Reports for 1930 (Table 44), 1929 (Table 42), 1928 (Table 46), 1927 (Table 84), 1926 (Table 79), 1925 (Tables
78-80), 1924 (Tables 78-80); (3) Federal Reserve Bulletins.




89

90

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 48.—ALL MEMBER BANKS—RESOURCES AND LIABILITIES OF RESERVE CITY
AND COUNTRY BANKS, DECEMBER 31, 1930 AND 1931
[In thousands of dollars]
Central reserve
city banks
Dec. 31,
1930

Dec. 31,
1931

Other reserve city
banks
Dec. 31,
1930

Dec. 31,
1931

Country banks
Dec. 31,
1930

Dec. 31,
1931

8,000,826
1,159,406
3,359,246
13,519,478

6, 607, 737
1, 417, 740
2, 973, 926
10,999,403

RESOURCES

Loans (including overdrafts)
United States Government securities
Other .securities
,
Total loans and investments
Customers' liability on account of acceptances
Banking house, furniture, and fixtures
Other real estate owned
Cash in vault
Reserve with Federal reserve banks.
_
Items with Federal reserve banks in process of collection
Due from banks in United States
Due from banks in foreign countries (including own branches)
Exchanges for clearing house and other
checks on local banks
Outside checks ond other cash items
Redemption fund and due from United
States Treasurer
Acceptances of other banks and bills of
exchange or drafts sold with indorsementSecurities borrowed
Other assets

Total.

7, 490, 506
1, 479, 081
1, 473,861
10,443,448
858,
255,
12,
105,
1,109,

038
641
498
970
346

5,800,903 8,379,156 6,852,045
2,056,524 1,486,289 1,844,390
1,119,948 2,031,140 1,901,912
8,977,375 11,896,585 10,598,347
585, 156
258,315
17,019
66, 925
824, 782

866
872
432
217
591

126,116
425, 948
79, 963
153, 520
652, 441

13,92?
535, 931
111,23?
317,317
594, 572

7,228
490, 694
114, 773
302,106
497, 946

272, 963
339, 574

206,199
348, 204
226,84" 1,141, 771

270, 266
750, 680

136, 049
974, 603

121,820
684, 699

188, 571

245,
448,
67,
169,
770,

121,174

69, 411

49, 330

2,836

3,679

1, 617, 600 1, 038, 283
10, 351
13, 526
2,039
2, 22C
256, 068
558, 973
200
85, 669
83, 537

361, 952
54, 222

273, 024

96, 637
25, 018

77,102
21, 641

22, 672

21, 516

838, 642
1,109, 306
339, 903
77, 743

841, 701
854, 245
231,335
72, 124

7,426

76,136
7,817

5,404
11,317
56, 309

1,719
52, 715
7,788
56, C60
5, 485
84, 090
15, 864, 037 12,674,270 15,770,543 13, 605,878 15, 423, 311 13, 408,174
98, 309
9,752
80, 933

LIABILITIES

Capital stock paid in
Surplus
Undivided profits—net
Reserves for dividends, contingencies, e t c .
Reserves for interest, taxes, and other expenses accrued and unpaid.
Due to Federal reserve banks
Due to other banks in United States
Due to banks in foreign countries (including own branches)
Certified and officers' checks outstandingCash letters of credit and travelers' checks
outstanding
Demand deposits
...
Time deposits
United States deposits
Agreements to repurchase United States
Government or other securities sold
Bills payable and rediscounts:
With Federal reserve banks
All other
Acceptances of other banks and bills of
exchange or drafts sold with indorsement
Acceptances executed for customers
Acceptances executed by other banks for
account of reporting banks..
National-bank notes outstanding
Securities borrowed
O ther liabilities

Total.

809, 117
778, 661
173,011
125,077

984,:
858, 540
323,150
61, 540

910, 942
758, 649
231,400
79, 277

47, 972
35, 208
38, 402
33, 747
9
9,420
9,511
1,713,815 1, 262,168 1, 772, 505 1, 275, 480

34, 816
39, 83K
386, 522

29, 713
38,870

1, 931
111,735

2,142
82, 574

577, 274
874, 584

779.
987,150
200, 992
166, 014

400, 899
481, 522

55, 722
237, 458

30, 696
165, 205

204
15,105
384
14,508
5,471
4,869
6, 687. 470 5,880, 231 5, 594, 468 4, 778, 9491 5,219,612 4, 296, 220
1, 805, 404 1,218,911 5, 202, 34, 4, 455, 657 6, 538, 452 5,641,274
60, 994
168, 504
52, 908
182, 34'
151, 867
62, 640
100, 921

7,060

42, 237

49, 757

14, 983

24, 766

20, 516
16, 024

4.1, 692
19, 690

63, 380
11,638

256, 894
80,131

164,121
79, 489

324,066
116, 655

558, 973
873,151

256, 068
598, 205

98, 309
252, 889

52, 715
128, 419

5,404
12, 584

1,719
5,629

9, 878
44,119

9,470
40, 743
200
92,153

3,471
144, 298
9,752
77, 506

2,839
154, 354
5,485
66, 797

1,682
451,223
11,31
68, 272

1,860
429,137
7,788
69, 647

90, 588

15, 864,037 12, 674, 270 15, 770, 543 13,605, 878 15,423,31113,408,174

Back figures.—See (1) Member Bank Call Report, Nos. 34-54 (where data are given by cities); (2) Annual
Reports for 1930 (Table 45), 1929 (Table 43), 1928 (Table 47), 1927 (Table 85), 1926 (Table 80), 1925 (Tables
81-84), 1924 (Tables 81-84); and (3) Federal Reserve Bulletins.




91

ALL MEMBER BANKS

No. 49.—ALL MEMBER BANKS—DEPOSITS SUBJECT TO RESERVE, RESERVES
REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS,

BY MONTHS, 1929-1931

[Averages of dailyfigures.In millions of dollars]
Deposits subject to reserve
Class of bank and month

Net demand l

All member banks:
1929—January
February.-.
March
April
May
June
July
August
September..
October
November..
December..

Time 2

Reserves held
Reserves
required

Total

Total

Excess

Borrowings at
Federal
reserve
banks

18, 722
18, 521
18, 430
18, 519
18, 733
18, 662
18, 778
19,125
19,979
19,112

13,465
13, 409
13, 347
13, 273
13, 303
13,242
13,188
13, 234
13, 311
13, 317
13,194
13, 070

32, 566
32, 298
32,068
31, 794
31, 733
31, 761
31, 921
31,896
32, 090
32, 441
33,173
32, IS2

2, 333
2, 312
2, 296
2,272
2,263
2,275
2,291
2,287
2,300
2,343
2,456
2,347

2,386
2, 358
2,337
3,308
2,296
2,316
2,334
2,322
2, 334
2,386
2,521
2,395

53.4
46.1
40.9
36.5
33.0
41.7
42.2
35.5
34.2
42.4
65.4
48.3

844.3
875. 1
955.5
989.6
951.0
974.2
1, 090. 4
1, 040. 4
961.0
877.6
949.7
801.3

1930—January
February...
March
April
May
June
_.
July
August
September.
October
November..
December..

18, 719
18, 262
18, 390
18, 653
18,645
18,812
18, 820
IH, 746
18, 707
18, 726
18, 959
18, 660

13,261
13, 269
13, 401
13, 506
13, 584
13, 693
13, 843
13, 835
13, C36
14, 000
14,056
13, 654

31, 981
31, £31
31, 791
32, 159
32, 229
32, 504
32,663
32, 581
32, 643
32, 726
33, 014
32, 314

2,305
2, 253
2,274
2,307
2,311
2,338
2,343
2,340
2,338
2, 347
2, 381
2,342

2,349
2,306
2,330
2,350
2,356
2,392
2,417
2,392
2,397
2, 407
2, 433
2,415

44.5
53.2
56.0
42.4
45.1
53.9
74.0
52.3
59.2
59.1
51.7
72.8

497.6
378.3
271.8
231.1
'245. 2
249.8
223.4
213.8
188.5
196.2
220.3
337.1

1931—January
February
March
April
May
June.
July...
August
September
October
November
December

18, 572
18, 389
18, 431
18, 491
18, 419
18, 055
18,122
17,783
17, 525
16, 859
16, 358
15, 985

13, 477
13, 580
13,637
13,688
13, 749
13, 548
13, 404
13, 259
12,974
12, 279
11,860
11,453

32, 048
31,968
32, 069
32, 179
32,168
31,602
31, 526
31, 041
30, 500
29,138
28, 218
27, 438

2,329
2,314
2,319
2,320
2, 320
2,275
2,283
2,245
2,212
2,126
2,061
2,010

2,433
2,370
2, 386
2,376
2,387
2,404
2,407
2,345
2,333
2,256
2,118
2,069

104.7
56.6
66.5
55.6
66.8
128.9
124. 4
100.6
120.3
129.1
57.0
59.5

252.3
215.7
176.3
154.4
162.6
187.5
168.5
222.2
279.6
608.1
684.0
763.3

5,490
5,468
5, 477
5, 427
5, 400
5, 521
5, 509
5,463
5,510
5, 752
6,676
6,009

1,266
1,290
1,278
1, 268
1,266
1, 241
1,192
1,260
1,328
1, 365
1, 357
1,304

6, 756
6,758
6,756
6, 696
6,666
6,762
6,701
6,723
6,838
7,117
8,032
7,313

752
749
750
744
740
755
752
748
756
789
909
820

763
759
758
748
746
762
764
753
763
802
644

10.8
9.8
7.6
4.2
5.5
6.6
12.4
5.5
6.9
13.0
35.2
18.2

165. 2
140.7
154. 7
185.3
156.5
174.4
329.3
230.0
166.0
95.5
78.9
107.7

New York City: 3
1929—January
February...
March
April
May
June
July
August
September..
October
November..
December..

19,101
18,889

_

1,378
7,112
787
795
5,734
62.3
1930—January
1,335
6,826
754
770
15.8
5,491
February...
27.9
6,988
768
1,406
15.0
5,582
783
March
21.8
7,161
785
1,462
3.5
5,699
788
26.2
April
791
5.1
5,747
1,480
797
28.7
7, 227
May
814
8.5
5,906
822
1, .537
27.6
7,444
June
807
26.1
5,848
833
9.4
1,547
7, 395
July
813
5.2
5,898
818
20.7
7,430
1, 532
August
810
14.5
5, 873
824
13.8
7.406
1,533
September..
828
16.3
6,005
845
14. 5
7,597
1,592
October
855
9.6
6,216
865
10.6
7,787
1,571
November..
843
26.1
6,171
41.0
7,528
1,357
December. _
1
r
Subject to reserve requirements of 13 per cent for central reserve city banks, 10 per cent for reserve city
banks, and 7 per cent for banks outside central reserve and reserve cities (so-called country banks).
2
Subject to reserve requirements of 3 per cent.
3
Central reserve city banks only.
Back figures.—Not available.




92

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 49.—ALL MEMBER BANKS—DEPOSITS SUBJECT TO RESERVE, RESERVES
REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS,

BY MONTHS, 1929-1931—Continued

[Averages of dailyfigures.In millions of dollars]
Deposits subject to reserve
Class of book and month

Net demand

Time

Total

Reserves held
- i Reserves
1 required
Total

New York City: s—Continued.
1931—January
February
March
April..
May
June
July
August
September
October
November
December

6,163
6,120
6,169
6, 019
6,094
5,934
6,064
5,946
5,962
5, 872
5, 653
5, 546

1, 282
1, 334
1,303
1, 317
1, 345
1,297
1,260
1, 201
1,163
1, 065
959
868

7, 445
7, 453
7,472
7,336
7,439
7, 232
7, 325
7,147
7,126
6,937
6,612
6,414

840
836
841
822
833
810
826
809
810
795
764
747

891
847
860
829
848
882
887
843
864
848
774

Chicago:3
1929—January
February...
March
* April.
May
June
July
August
September..
October
November..
December..

1,201
1,207
1,166
1,141
1,133
1,134
1,167
1,214
1,209
1,248
1,254
1,208

570
508
444
430
443
440
452
480
471
480
447
421

1,771
1, 715
1,610
1,570
1,575
1,574
1, 619
1,694
1,680
1,728
1,702
1,629

173
172
165
161
161
161
165
172
171
177
176
170

1930—January
February...
March
April,
May
June
July
August
September..
October
November..
December..

1,177
1,151
1, 186
1, 212
1,217
1,227
1,244
1,247
1,231
1,236
1,269
1,273

408
414
429
434
445
463
570
554
573
556
539
519

1,586
1,564
1, 615
1,646
1,662
1,690
1, 814
1,801
1,804
1,791
1,808
1,792

1931—January
February.-...
March
April
May
June
July
August.....
SeptemberOctober
November..
December...

1,243
1,229
1,169
1,163
',191
, 152
,166
,170
.,151
1,101
1, 094
1,048

517
533
541
577
582
545
494
501
470
437
411
395
4,821
4,795
4,792
4,752
4,780
4,779
4,752
4,705
4,734
4,733
4,734
4,762

Reserve city banks:
1929—January
February. ..
March
April
May
June
July
August
September..
October-...
November..
December-.
» Central reserve city banks only.




6,364
6,241
6,158
6,099
6,076
6,056
6,128
6,096
6,111
6,165
6,194
6,141

Exci

51.5
11.6
19.4

Borrowings at
Federal
reserve
banks

15.5
71. 4
60.6
34.3
53.8
52.5
10.7
18.5

19. 4
16.8
13.4
17.3
11.9
4.1
1.9
14.2
13.4
82.3
27.3
45.4

174
173
166
162
161
161
165
173
171
177
177
171

.8
1.2
1.3
1.0
.3
.7
-.01
.6
.2
.5
.8
1.5

62.8
81.8
118.8
39.0
36.7
63.0
48.0
29.1
20. 0
32.5
27.0
34.2

165
162
167
171
172
173
179
179
177
177
181
181

167
164
169
172
173
175
180
181
180
179
183
184

1.7
1.6
1.9
1.9
1.3
2.1
1.2
2.3
3.2
1.6
1.6
3.2

9.9
2.5
1.3
2.6
1.0
.2
.3
.6
1.7
.5
.7
.3

1,759
1,762
1,710
1,740
1, 773
1,696
1,660
1,671
1,621
1,538
1,505
1,443

177
176
168
169
172
166
166
167
164
156
155
148

180
177
170
170
174
169
174
183
181
167
157
154

2.6
1.1
1.6
1.9
2.1
2.9
7.3
15.6
17.4
11.2
2.0
6.4

.2
.2
.09
.03
.3
2.2

11,185
11,037
10,950
10,851
10, 855
10, 835
10,881
10, 801
10,845
10,898
10, 928
10, 903

781
768
761
752
751
749
755
751
753
758
761
757

793
779
770
763
760
761
764
759
759
766
771
766

12.3
10.7
9.2
10.2
9.0
12.3
8.7
8.7
5.6
7.4
9.3
9.5

1.0
3.5
2.1
9.1
356.2
391.6
423.4
483.7
446.3
409.4
399.0
460.9
494.1
480.9
511.5
347.7

93

ALL MEMBER BANKS

N o . 4 9 . — A L L M E M B E R B A N K S — D E P O S I T S S U B J E C T TO R E S E R V E ,
RESERVES
R E Q U I R E D , R E S E R V E S H E L D , AND B O R R O W I N G S A T F E D E R A L R E S E R V E B A N K S ,
BY M O N T H S , 1929-1931—Continued

[Averages of daily figures. In millions of dollars]
Reserves held

Deposits subject to reserve
Class of book and month

Net demand

Reserve city banks—Con.
1930—January _
February
March
April
May
June
_ .July
August
September
October _
November .
December

Total

Excess

_ -

1930—January
February __ .
March
April
May
.
June
July
- .
August _ __
September
October
November
December

_

.

1931—January
February
March _. . _
April
May
June „
_ _
July
August
September
October
November
December
.

4,895
4,915
4,924
4,951
4,995
5,019
5,058
5,075
5,137
5,163
5,309
5,243

10,974
10,859
10, 898
11,022
11,021
11, 095
11, 227
11, 209
11, 274
11,236
11,409
11,234

755
742
745
756
752
758
769
766
768
762
769
756

767
755
759
767
768
776
790
785
784
778
788
772

11.9
12.7
13.5
11.8
15.4
18.3
20.9
19.2
16.4
15.5
18.3
15.3

188.5
138.3
73.0
42.4
44.1
44.5
36.1
26.8
28.5
37.6
50.7
102. 7

6,001
5,942
5,991
6 146
6,045
5,981
5.937
5,842
5,654
5,320
5,180
5, 058

__ _




Total

Borrowings at
Federal
reserve
banks

6,079
5,944
5,974
6, 071
6,026
6, 075
6,169
6,134
6,136
6,073
6,101
5,991

1931—January._
February
March ._
April
May
June
July _
August
September
October _. _-.
November
December _
Country banks:
1929—January
February
March
April
May
June
Julv
August.September
October
November
December

Time

Reserves
required

5,182
5,228
5, 302
5,295
5,339
5,262
5,234
5,190
5, 082
4,799
4,665
4,547

11,182
11,170
11,293
11,441
11,384
11,243
11,171
11, 032
10,735
10,119
9,845
9,605

756
751
758
773
765
756
751
740
718
676
658
642

775
768
775
792
786
780
776
760
737
704
675
653

19.9
17.1
17.1
18.3
21.5
24.1
25.5
20.2
19.4
28.4
17.4
10.5

67.0
46.0
27.1
18.5
24.0
42.4
38.1
59.4
98.7
273.8
343.3
355.0

6, 047
5, 973
5,921
5,854
5,821
5,808
5,928
5,890
5,948
5,960
5,855
5, 754

6,808
6,816
6,832
6,823
6,815
6,783
6,792
6,788
6,778
6,738
6,657
6, 582

12, 854
12,789
12, 753
12, 677
12, 636
12,590
12,720
12, 678
12, 726
12, 698
12, 512
12,336

627
623
619
614
612
610
619
616
620
619
610
600

657
647
642
635
630
632
640
637
641
641
630
619

29.5
24.4
22.8
21.0
18.2
22.2
21.2
20.8
21.4
21.4
20.1
19.2

260.2
261.0
258.7
281.6
311.4
327.4
314.1
320.3
280.9
268.7
332.4
311.7

5,729
5,677
5, 648
5,671
5,655
5,603
5,558
5,466
5,467
5,412
5,372
5,225

6,579
6,605
6,642
6,660
6,663
6,673
6,669
6, 674
6,693
6,689
6, 637
6,535

12,309
12, 282
12, 290
12, 331
12, 318
12, 276
12, 227
12,140
12,159
12,101
12,009
11,760

598
595
594
596
596
592
589
583
583
580
575
562

621
618
620
621
619
618
615
608
608
605
597
590

236.9
209.6
175.6
159.9
171.5
177.5
177.5
165.6
144.5
143. 5
158.3
193.0

5,165
5,099
5,103
5,163
5,090
4,988
4,956
4,825
4,758
4,567
4,432
4,333

6,496
6,485
6,491
6,498
6, 483
6,444
6.415
6, 367
6,259
5,977
5, 825
5,643

11, 662
11, 583
11,594
11,662
11,573
11, 432
11,371
11,192
11, 018
10,544
10, 256
9,976

556
551
552
556
551
542
539
529
521
499
485
473

587
578
580
585
578
573
570
559
551
536
512
503

22.9
23.1
25.6
25.2
23.4
25.1
25.8
25.6
25.0
25.7
22.2
28.2
30.7
26.7
28.4
28.2
27.7
30.5
30.9
30.6
29.8
37.0
26.9
30.9

165.7
152.7
135.8
118.5
126.5
138.9
127. 5
147.9
166.5
248.5
311.3
353.9

No. 50,—ALL MEMBER BANKS—HOLDINGS OF ELIGIBLE ASSETS (UNITED STATES GOVERNMENT SECURITIES AND ELIGIBLE
COMPARED WITH BORROWINGS AT FEDERAL RESERVE BANKS, 1926-1931

PAPER)

[In millions of dollars. Back figures not available]
Holdings of United States Government securities ! and eligible paper (including paper under rediscount)

Date

By reserve city banks
U. S. Govj ernment
i securities

1926—June 30.

2,210

Eligible
paper

2,825

By" country'' banks

Total
5,035

U. S. Government
securities

Eligible
paper

884

2,100

By all member banks

Total

U. S. Government
securities

2,984

3,094

Eligible

paper

4,925

Total

Member
bank
borrowings at
Federal
reserve
banks

ft

o
8,019

516

1927—June 30.

2, 299

2,775

5,074

847

1,992

2,839

3,146

4,767

7,913

441

1928—June 30.
Oct. 3_.
Dec. 31.

2,714
2,823
2,730

2,680
2,551
2,349

5,394
5, 374
5,079

862
914
932

1,967
1,817
1,811

2,829
2,731
2,744

3,576
3,738
3,662

4,746
4,368
4,160

8,223
8,106
7,822

1929—Mar. 27.
June 29.
Oct. 4__
Dec. 31.

2,832
2,577
2,469
2,403

2,582
1,688
2,865
2,713

5,414
5,265
5,334
5,116

974
929
912
814

1,761
1,773
1,733
1,684

2,735
2,702
2.645
2,498

3,807
3,506
3, 381
3,217

4,343
4,461
4,598
4,397

8,150
7,968
7,979
7,614

981
1,029
899
646

1930—Mar. 27.
June 30.
Sept. 24
Dec. 31.

2,619
2,640
2,682
2,777

2,542
2,285
2,271
2,100

5,161
4,925
4,953
4,877

818
772
764
708

1,662
1,620
1,541
1,438

2,480
2,392
2,305
2,146

3, 438
3,412
3,446
3,485

4,204
3,905
3,812
3,538

7,642
7,317
7,258
7,023

206
274
173
248

1931—Mar. 25.
June 30.
Sept. 29
Dec. 31.

3,584
3,871
3,942
3,706

2,045
1,870
1,787
1, 505

5,629
5, 741
5,729
5,211

1,373
1,328
1,209
1,068

2,149
2,164
2,203
2,056

4,360
4,707
4,936
4,694

3,418
3,198
2,996
2,573

7,778
7,905
7,932
7,267

O

1,096
1,020
1,041

165
147
323
623

ft
ft

o

ft
>

w

ft
ft

GG

to
1

Exclusive of approximately $650,000,000 of Government securities pledged against national bank note circulation.




o
>
>

No. 51.—ALL MEMBER BANKS—CLASSIFICATION

OF DEMAND AND TIME DEPOSITS ON CALL DATES, 1928-1931
[In millions of dollars]
Time deposits

Demand deposits *

Other time deposits

Banks

Total

Individual deposits
subject
to check

Certificates of
deposit

State,
county,
and mu- All other
nicipal
deposits

Total

State,
counties,
and municipalities

Total

Open accounts,
ChristPostal
mas sav- savings
ings accounts,
etc.

Evidenced
In United In foreign by savStates countries ings pass
book

Certificates of
deposit

9,703
9,810

1,882
1,895

1,169
1,071

117
134

9,728
9,834
9,604
9,592

1, 832
1,745
1,743
1,741

1,110
997
1,136
934

116
115
120
122

9,678
9,632
9,591

1,862
1,960
1,885

1,140
1,233
1,303
1,027

128
134
144
189

9,446
9,316
8,768
8,134

1,928
1,906
1,787
1, 472

1,180
1,237
1, 223
771

242
279
360
463

1928—Oct. 3 . .
Dec. 31.

17,501
18,904

15, 727
16,997

230
235

1,243
1,300

301
372

13,410
13,453

405
418

134
124

1929—Mar. 27.
June 29.
Oct. 4_.
Dec. 31.

15,840
15, 743
16,167
16, 936

207
201
188
202

1,385
1,512
1,224
1,335

276
359
358
389

13,329
13,325
13,318
13, 233

429
477
491
595

113
157
224
249

80
111
95

1930—Mar. 27.
June 30.
Sept. 24
Dec. 31.

17, 708
17, 815
17, 937
18, 862
17, 079
18, 062
16, 838
17, 502

15,195
15,930
15,107
15, 560

183
198
197
192

1,446
1,568
1,276
1,362

255
365
258

13, 519
13, 812
13,945
13, 546

536
571
572
509

278
336
335
345

103
112
101
107

1931—Mar. 25.
June 30.
Sept. 29
Dec. 31.

16, 339
16, 622
15,526
14, 955

14, 387
14, 521
13, 703
13,151

179
180
172
166

1,479
1,556
1,350
1,303

294
365
302
335

13, 663
13, 515
12, 776
11,316

530
508
440

337
269
198

135
114
86
63

112
154
176
224
234
238
201
155
112
26

g
w

1

Not including due to banks, certified and officers' checks outstanding or letters of credit and travelers' checks sold for cash and outstanding.
Not available.
Back figures.—Not available.
2




CO
Or

CD

No. 52.—ALL MEMBER BANKS—PRINCIPAL RESOURCES AND LIABILITIES ON CALL DATES, 1914-1931
[In millions of dollars]
I

Loans and investments
Call date

j

Total

1914—Dec. 31 (Thurs.)
1915—Mar. 4 (Thurs.)
May 1 (Sat.)
June 23 (Wed.)
Sept. 2 (Thurs.)
Nov. 10 (Wed.)
Dec. 31 (Fri.)
1916—May 1 (Mon.)
June 30 (Fri.)
Sept. 12 (Tues.)
Nov. 17 (Fri.)
Dec. 27 (Wed.)
1917—Mar. 5 (Mon.)
May 1 (Tues.)
June 20 (Wed.)
Dec. 31 (Mon.)
1918—May 10 (Fri.)
June 29 (Sat.)
Nov. 1 (Fri.)
Dec. 31 (Tues.)
1919—Mar. 4 (Tues.)
June 30 (Mon.)
Nov. 17 (Mon.)
Dec. 31 (Wed.)
1920—May 4 (Tues.)
June 30 (Wed.)
Nov. 15 (Mon.)
Dec. 29 (Wed.)
1921—Apr. 28 (Thurs.)
June 30 (Thurs.)
Dec. 31 (Sat.)
1922—Mar. 10 (Fri.)
June 30 (Fri.)
Dec. 29 (Fri.)

Capital, surNet
Investments
United
Due
plus,
Net
Total Demand Time States Due to demand demand
from 8 and deposits deposits4
plus
6
U.S.
dedebanks deposits
time
Govern- Other banks undiposits » posits
deposits7
vided
Total ment securiprofits»
securi- ties
ties

8,498
8,570
8,707
8,764
9,048
9,693
9,861

10,252
10,315
10, 732
11, 259
11, 275
11, 701
11,985
12,453
16,896
18,673
18, 507
20,981
20, 593
21, 484
22, 242
24,187
24, 778
25, 418
25, 559
25, 769
25, 531
24,390
24,121
23,482
23,278
24.182
25, 579




Loans1

6,419
6,563
6,705
6,720
6,965
7,483
7,622
7,898
7,964
8,263
8,712
8,714
9,096
8 9,208
8 9, 370
1912,316
1912, 667
' 913, 233
8 14,550
8 14, 224
s 13, 877
8 15,414
8 17,423
s 18,149
19,198
19, 533
19, 852
19, 555
18,487
18,119
17,394
17,080
17,165
17,930

2,079
2,007
2,002
2,044
2,083
2,210
2,239
2,354
2,351
2,469
2,547
2,561

760

1,319
1,260
1,252
1,295
1,336
1,465
1,497

1,353
1 322
1,282
1,443
1,637
1,563

1,644
1,648
1,766
1,850
1,871

1,767
1,564
1,748
2,057
1,874
2,056
1,897
1,695
2,129
1,870
1,906
2,036
2,194
2,137
2,125
2,575
2,519
1,874
1,824
1,774
1,577

2,605
2,777
3,083
4,580
6,006
5, 274
6,431
6,368

747
750
749
747
745
742
710
703
703
697
690
687
748
1,065
1,759
3,203
2,465
3,591
3,472

7,607
6,827
6,765
6,630

4,652
3,803
3,494
3,324

1,918
2,029
2,018
2,820
2,803
2,809
2,840
2,896
2,955
3,024
3,271
3,306

6,220
6.026
5)917
5,976
5,903
6,002
6,088
6,198
7,017
7,649

2,958
2,811
2,655
2,619

3,262
3,215
3,262
3, 357

2,496
2,561
2,581

3,407
3,441
3,507

2,701
3,205
3,754

3,497
3,812

1,163

1,325
1,354
1,450
1,614
1,647
1,806

2,093
2,098
2,097
2,124
2,129
2,146
2,126
2,148
2,143
2,184
2,213
2,231
2,218
2,258
2,307
2,807
3,005
3,002
3,222
3,220

3,280
3, 350
3,587
3,542
3,833
3,853
4,086
4,120
4,156
4,133
4,093
4,185
4,214
4,364

8,305
8,666
8,967
8,894
9,437
10,389
10,636
11,404
11,133
11, 737
12,893
12, 661
13,396
13, 651
13, 397
18,628
19, 210
18,954
20,864
21,457
21,511
22, 833
25,183
26,139
24,871
25,401
25,106
24,220
22, 830
23,350
23, 247
23, 660
25, 547
27,288

5,125
5,092
5,367
5,278
5,491
6,152
6,334

6,661
6, 581
6,892
7,522
7,340
7,503
7,915
7,856
11,180
11,051
10,754
12,059
13,347
12, 727
13,925
15, 652
16, 080
15,388
15, 744
15,512
14, 632
13, 527
13,881
13,630
13, 503
15,065
15, 689

f l

1,233
1,264
1,320
1,352
1,416
1,463
1,506
1,686
1,775
1,853
1,940
1,083
2,125
2,263
2,304
3,156
3,347
3,395
3,651
3,834
4,092
4,344
5,050
5, 305
5,747
5,911
6,144
6,188
6, 343
6,367
6,451
6,662
7,175
7,645

71
58
46
48
44
40
35
34
39
34
34
35
34
35
141
649
1,459
1, 521
1,708
472
884
902
386
648
190
260
220
316
273
390
306
330
156
462

1,876
2,252
2,234
2,216
2, 486
2,734
2,761
3,022
2,738
2,958
3,397
3,303
3,734
3,438
3,096
3,643
3,353
3,284
3,446
3,804
3,808
3,662
4,095
4,106
3,546
3,486
3, 230
3,084
2,687
2,713
2,860
3,165
3,150
3,492

6,235
6.622
6,735
6,811
7,145
7,879
7,971
8, 336
8,226
9, 567
9,502
10, 044
9,869

12,487
12, 451
12, 217
13, 322
14, 563
14,160
14, 725
16, 261
16, 576
16,426
16, 422
15,924
15, 345
14,389
14,321
14,449
14, 498
15, 539
16,203

7,468
7,886
8,055
8,163
8,561
9,342
9,477
10,022
10,001
10, 657
11, 507
11,485
12, 169
12,132
11,993
15, 643
15, 797
15, 612
16, 973
18, 397
18, 252
19,069
21, 310
21,881
22,173
22, 333
22, 068
21, 533
20, 732
20, 688
20,900
21,160
22,714
23,848

Reserve
with
Federal
reserve
banks

Bills
payable
and
rediscounts

266
295
295
317
324
376
414
438
490
554
674
733
778
802
862
1,497
1,536
1, 565
1, 520
1,655
1.633
1.724
1,825
1,904
1,866
1,839
1,827
1,763
1,654
1,625
1.758
1,723
1,835
1,939

133

106
104
99
64
69
95
80
95
75
«95
8 327
«783
8 1,043
8
1,022
8 1,912
8
1,876
8 1,962
8 1,927
8 2. 257
8 2, 347
2, 755
2,701
3, 080
3,036
2, 313
2,022
1,364
758
592
727

Number of
banks

7,582
7,607
7,614
7,615
7,630
7,640
7,631
7,605
7,606
7,618
7,614
7,614

7,614
7,629
7, 653
7,907
8,132
8,213
8,596

8,725
8,822
8,995
9,066
9,291
9,399
9,567
9,606
9,698
9,745
9,779
9,816
9.892
9,859

1923—Apr. 3 (Tues.).
June30 ( S a t . ) Sept. 14 (Fri.)
Dec. 31 (Mon.)
1924—Mar. 31 (Mon.)
June 30 (Mon.)_
Oct. 10 (Fri.)—Dec. 31 (Wed.)
1925—Apr. 6 (Mon.)
June 30 (Tues.)
Sept. 28 (Mon.)
Dec. 31 (Thurs.)
1926—Apr. 12 ( M o n . ) —
June30(Wed.).__.
Dec. 31 (Fri.)
1927—Mar. 23 (Wed.)___.
June 30 (Thurs.)...
Oct. 10 (Mon.).._.
Dec. 31 (Sat.)
1928—Feb. 28 (Tues.)....
June 30 (Sat.).
Oct. 3 (Wed.)
Dec. 31 (Mon.)—.
1929—Mar. 27 (Wed.)....
June 29 (Sat.)
Oct. 4 (Fri.)
Dec. 31 (Tues.)._-.
1930—Mar. 27 (Thurs.)..
June 30 (Mon.).—.
Sept. 24 (Wed.)....
Dec. 31 (Wed.)..-.
1931—Mar. 25 (Wed.)—.
June 30 (Tues.)....
Sept. 24 (Thurs.)..
Dec. 31 (Thurs.)--

26,141
18,419
26, 507
18,750
26, 319
18, 719
18,842
26,487
26, 663
19,045
19, 204
27,167
19, 713
28, 311
19, 933
28, 746
20,176
29,046
29, 518 20,655
21,285
30,176
21,996
30,884
21,785
30,819
22,060
31,184
31, 642 22,652
22,327
31, 949
22,938
32, 756
23,227
33,186
23,886
34, 247
33,688
23,099
35, 061
24,303
34,929
24,325
35,684
25,155
35,393
24,945
35, 711 25, 658
35,914
26,165
35,934
26,150
25,119
35, 056
35, 656 25, 214
24,738
35,472
23,870
34,860
34, 729 •22,840
33, 923 ! 21,816
33,073
20,874
30, 575 19, 261

3,849
7,722
3,835
7,757
3,685
7,600
3,603
7,645
7,618
3,534
7,963
3,575
8,599
3,866
8,813
3,874
8,869
3,894
8,863
3,780
8,890
3,761
8,888
3,728
9,034
3,805
9,123
3,745
8,990
3,389
9,622
3,835
9,818
3,796
9,959
3,856
10,361
3,978
10,590
4,216
10,758
4,225
10, 604 4,386
10,529
4,312
10,448
4,454
10,052
4,155
9,749 | 4,022
9,784
3,863
9,937
4,085
10,442
4,061
10,734
4,095
10,989
4,125
11, 889 5, 002
12,106
5,343
12,199
5.564
11,314
5,319

3,873
3,922
3,915
4,042
4,084
4,387
4,733
4,939
4,975
5,082
5,129
5,160
5,229
5,378
5,601
5,787
6,022
6,103
6,383
6,374
6,534
6,218
6,217
5,994
5,898
5,727
5,921
5,852
6,380
6,639
6,864
6,886
6,763
6,635
5,996

1,774
1,696
1,640
1,824
1,644
1,940
2,430
2,339
2,091
2,017
2,031
2,155
1,934
1,980
2,066
1,896
1,968
2,077
2,210
1,941
1,897
2,026
2,124
1,741
1,885
2,005
2,168
1,902
2,360
2,463
2,456
2,791
2,517
1,935
1,662

4,356
4,367
4,436
4,378
4,468
4,486
4,594
4,532
4, 669
4,690
4,688
4,678
4,826
4,832
4,944
5,086
5,147
5,295
5,341
5,404
5,625
5,842
5,899
6,174
6,345
6,675
6,709
6,760
6,726
6, 827
6,593
6,598
6,430
6, 359
5,999

27,200
27,088
26,942
28,507
28,270
29, 566
30,795
32,384
31, 249
32, 457
32.075
34,250
32, 893
33, 762
34,528
33, 756
35, 398
35, 482
36, 669
35,375
36,060
36,175
39,075
36, 799
35,893
36,694
38,014
35,836
38,139
36, 364
37,117
36, 000
36, 268
33, 480
30, 746

15,145 8,143
15,196 8,378
15,128 8,466
16,107 8, 651
15,609 | 8,890
16,329 I 9,204
16,406 9,597
17,788 9,805
16, 629 10,127
17,882 10,381
17,452 10,467
19,072 10,653
17,710 10,955
18,381 11,173
18,800 11,440
17, 644 11,818
18,842 12, 210
18,378 12, 459
19,032 12, 765
18,182 12,923
18, 437 13, 439
18,570 13,410
21, 111 13,453
19,476 13,329
18, 611 13, 325
19,371 13,318
20,489 13,233
18,238 13,519
19, 597 13,812
17, 637 13. 945
18, 746 13, 546
16, 988 13, 663
17,655 13, 515
16,167 12, 776
15, 704 11,316

404
297
145
237
292
179
302
242
412
177
278
304
379
228
234
407
218
435
267
86
257
159
262
411
348
315
143
325
281
257
267
502
395
526
412

3,217
3,203
3,512
3,480
3, 854
4,490
4,548
4,081
4,018
4,221
3,849
3,980
4,054
3,887
4,129
4,209
4,606
4,184
3,927
4,037
4,249
3,584
3,608
3,690
4,148
3,754
4,450
4,525
4,557
4,846
4,702
4, 011
3,314

16,086
16,066
15, 919
16, 376
16,112
16, 838
17,804
18,468
17,708
18, 277
18, 259
19, 260
18,392
18,804
18,922
18, 542
19, 250
19,170
20,105
19,236
19, 191
18, 995
19,944
18,833
18, 977
18,952
19, 797
18,489
19,170
]8,657
18,969
18, 481
18, 357
17, 445
16, 067

24, 229
24,444
24, 385
25,027
25,002
26. 042
27, 401
28,273
27, 835
28, 658
28, 726
29,913
29,347
29.977
30. 362
30, 360
31,460
31,629
32,870
32,158
32, 629
32. 405
33,397
32,162
32, 302
32, 269
33,030
32.007
32. 982
32. 602
32, 516
32,144
31, 872
30, 222
27, 383

1,909
1,871
1,869
1,900
1,893
1,965
2,121
2,228
2,092
2,191
2,147
2,238
2,136
2, 236
2,210
2,321
2,280
2,320
2,514
2,367
2,342
2,348
2,409
2,339
2,359
2,322
2,374
2,353
2.408
2,415
2,475
2, 364
2,396
2,339
1, 975

815
944
983
808
614
443
325
408
486
559
712
733
620
612
760
546
541
528
663
581
1 209
1 154
1 162
1 153
1 198
1 150
879
347
435
316
355
281
217
466
839

9,850
9, 856
9,843
9,774
9,681
9, 650
9,635
9,587
9, 531
9,538
9, 539
9,489
9,412
9,375
9,260
9,144
9,099
9,087
9,034
8,983
8,929
8,896
8,837
8,755
8,707
8,616
8,522
8,406
8, 315
8,246
8,052
7,928
7,782
7,599
7,246

g

s
w
>

i Includes rediscounts and overdrafts; excludes acceptances of other banks and bills of exchange sold with indorsement.
1
Does not include items with Federal reserve banks in process of collection, or amounts due from foreign banks or own foreign branches.
*Includes reserves for dividends, contingencies, etc., but excludes, beginning Sept. 28,1925, reserves for interest, taxes, and other expenses accrued and unpaid.
* Includes certified and cashiers' or treasurers' checks, and, begining Nov. 1, 1918, letters of credit and travelers' checks sold for cash.
8 Includes postal-savings deposits, except that such deposits of State bank members prior to June 20, 1917, are included with demand deposits.
6
Includes amounts due to Federal reserve banks, foreign banks, and other banks and bankers; also amounts due to own foreign branches beginning Mar. 23,1927
7
Deposits subject to reserve requirements.
8
Includes small amounts of bills sold with indorsement.
• Excludes customers' liability on letters of credit for State bank members.




CO

No.

53.—CLASSIFICATION OP MEMBER BANK LOANS AND INVESTMENTS ON CALL DATES,

1928-1931

00

[In millions of dollars]
Loans to customers (exclusive of banks)

Loans to banks

Call date

Total
loans
and
investments

Total

Total:
1928—Oct. 3
Dec. 3 1 - , . .
1929—Mar. 2 7 . . . .
J u n e 29_. _
Oct. 4
Dec. 3 1 . . . .
1930—Mar. 2 7 - . . .
June 30
Sept. 2 4 . . . .
Dec. 3 1 - . . .
1931—Mar. 2 5 . . . .
June 30
Sept. 2 9 . . . .
Dec. 3 1 . , . .
*^T/\TTT ^y *"V* l?* f ^ l 4 " 1 T " 4
i\6w i orK v^ity.*
1928— Oct 3
Dec. 31.
1929—Mar. 27
June 29
Oct. 4__.
Dec. 3 1 .
1930—Mar. 27
J u n e 30_ _
Sept. 24
Dec 31
1931—Mar. 25_...
June 30
Sept. 29"""
Dec. 3 1 - . . .
r

>

34,929
35,684
35,393
35, 711
35,914
35,934
35,056
35,656
35,472
34,860
34, 729
33,923
33,073
30,575

548
538
548
670
640
714
527
535
466
631
446
457
599
790

7,197
7,951
7,726
8,160
8,150
8,774
8,238
8,798
8,557
8,582
8,473
8,287
8,253
7,460

287
288
251
314
302
322
199
196
169
283
154
150
250
374




Secured
by
stocks
and
bonds

(2)
(2)
(2)
(2)

8

260
230
175
315
219
229
311
455

(2)
(2)
(2)
(2)

92
78
53
132
70
66
125
204

All

Farm
land

Other
real
estate

421
412
403
404
392
388
394
386
387
387
386
388
376
359

2,668
2,711
2,720
2,760
2,760
2,803
2,775
2,769
2,776
2,847
2,834
2,830
2,773
2,678

11,507
10,991
11,240
11,618
11,988
11,515
10,595
10,349
9,982
9,831
9,298
8,922
8,722
8,242

2,537
3,158
2,493
2,471
2,275
2,243
3,097
3,113
3,262
2,233
2,454
2,103
1,563
901

80
109
146
108
93
212
175
170
205
315
361
389
268
146

101
103
93
90
70
80
79
71
62
55
101
113
70
41

457
390
376
249
228
291
499
507
523
366
361
384
296
140

1,899
2,556
1,879
2,025
1,885
1,660
2,344
2,365
2,472
1,498
1,630
1,217
928
575

10,604
10,529
10,448
10, 052
9, 749
9,784
9,937
10,442
10, 734
10,989
11,889
12,106
12,199
11,314

4, 386
4,311
4,454
4,155
4, 022
3,863
4,085
4,061
4,095
4,125
5,002
5,343
5,564
5,319

6,218 3 8,819
6,217 310,172
5,994 3 9, 693
5,898 310,094
5,727 3 10,314
5.921 310,505
5,852
10,334
6,380
10,656
6,639
10, 511
6,864
9,754
9,272
6,886
8,563
6,763
6,635
8,081
7,320
5,996

130
132
148
173
175
169
150
157
157
147
149
160
152
153

2,253
2,100
2,361
2,480
2,726
2,595
2,252
2,129
2,090
2,054
1,896
1,782
1,881
1,813

1,018
1,791
1,250
1,495
1,196
1,396
1,655
2,091
1,912
1,525
1,651
1,497
1,121
695

50
61
59
58
59
128
89
144
148
188
199
296
201
107

55
61
52
58
33
46
40
29
28
22
51
44
33
17

63
29
37
21
8
21
49
35
22
34
35
94
48
29

880
1,639
1,102
1,359
1,096
1,202
L, 477
1,883
1,714
1,281
1,367
1,063
839
542

1,942
1,933
1,972
1,819
1,807
2,091
2, 046
2,203
2,198
2,435
2,662
2,801
3,032
2,697

1,130
1,094
1,135
1,006
989
1,112
1,150
1,147
1,091
1,239
1,466
1,656
1,830
1,768

813
839
838
813
817
979
897
1,056
1,107
1,197
1,196
1,145
1,202
928

(2)

21,240
21,460
21,903
22,517
23,249
23,194
21,495
21,566
21,010
21,007
19, 940
19,257
18,713
17,570

850
975
1,014
921
939
803
706
819
774
675
575
515
521
391

5,796
6,373
6,526
6,813
7,170
7,685
7,024
7,242
7,090
7,266
6,848
6,602
6,321
5,899

3,920
3,940
4,253
4,532
4,846
4,964
4,338
4,309
4,278
4,338
4,007
3,839
3,850
3,694

45
50
52
63
46
55
60
68
86
104
121
127
116
87

1,491
1,658
1,692
1,814
1,898
2,145
1,876
1,954
1,945
2,033
1,839
1,770
1,699
1,641

(2)
(2)

267
305
291
316
228
228
288
334
(2)
(2)
(2)

s

107
118
116
151
84
84
125
170

Total
loans
U.S.
on
Gov- Other
ern- securi- stocks
and
ment
ties
bonds
securities

To
brokers
To
outother
side
cusNew tomers
York
Cityi

Total

(2)

Purchased paper
Otherwise seTotal
cured
and
unsecured

other

(2)
(2)

Investments

Open-market loans

Secured by
Secured by real
estate
stocks and bonds

2
1

1

Loans
to
Accept- Acceptances, Com- brok- Total
ances
ers in
etc.,
merpayNew
paycial
able in
able
paper Yorki
United
abroad
States

3

3
3
3
3
3

2,560
3,491
2, 971
3, 393
3,191
3, 562
3,504
3,983
3 798
3,550
3,397
3,026
2,780
2,474

Chicago: *
1928—Oct. 3
Dec. 31
1929—Mar. 27—.
June 29
Oct. 4
Dec. 31
1930—Mar. 27.—
June 30
Sept. 24..._
Dec. 31
1931—Mar. 25....
June 30
Sept. 29....
Dec. 31
Other reserve cities:
1928—Oct. 3
Dec. 3 1 . . . .
1929—Mar. 27_...
June 29
Oct. 4
Dec. 31—_
1930—Mar. 27....
June 30
Sept. 24....
Dec. 31
1931—Mar. 25_._.
June 30
Sept. 29__._
Dec. 31
Country banks:
1928—Oct. 3
Dec. 3 1 - . . .
1929—Mar. 27
June 29
Oct. 4
Dec. 3 1 . . . .
1930—Mar. 27___.
June 30
Sept. 24____
Dec. 31
1931—Mar. 25....
June 30
Sept. 29....
Dec. 3 1 . . . .

1,910
1,910
1,793
1,767
1,823
1,757
1,717
1,849
1,934
1,861
1,853
1,754
1,644
1,517

35
40
62
67
68
88
58
50
41
55
41
70
65
87

12,211
12,156
12,132
12,065
12,161
12,029
11,858
11,852
12,038
11,897
12,113
11,814
11,372

10, 598

179
173
196
241
225
258
205
228
193
231
194
177
219
260

13,612
13, 667
13,741
13,719
13, 780
13, 375
13,243
13,157
12,944
12,519
12, 290
12,068
11,805
10,999

46
37
39
49
45
45
65
62
62
62
58
60
64
69

§(222)
()
()
50
43
35
42
35
58
58
74

(2)
(2)
(2)
(2)
(2)
(2)

104
99
77
125
101
89
111
154

i(222)
()
()
14
11
11
15
14
16
17
24

(2
*
)
(2)
(2)
(2)
(2)
()
8
7
6
13
6
12
7
13

L326
1,388
1,353
1,309
1,374
1,330
L,160
1,257
1,187
1,194
1,0M)
L.004
987
926

252
309
311
242
257
240
194
229
239
201
159
133
157
124

543
598
477
484
504
533
474
487
448
472
452
435
421
407

3
3
2
2
2
2
2
2
2
2
2
2
2
1

41
39
19
22
19
19
18
18
16
18
16
17
24
22

487
440
544
559
592
535
472
521
482
501
422
417
384
372

143
91
41
57
67
30
188
176
296
95
171
117
77
24

1
1
8
1
1
9
3
2
7
18
14
3
2
2

21
14
10
6
4
5
33
56
42
18
21
21
24
9

119
75
18
48
59
11
140
99
233
45
111
51
2
7
3

405
391
337
334
312
309
310
366
409
518
592
563
514
480

191
174
164
159
153
116
146
160
157
240
329
346

214
217
172
176
160
193
164
205
252
277
263
217
206
191

3 932
3 1,002
3 837
3 807
3 854
3 828
859
859
955
761
756
677
664

(2)
(2)
(2)
(2)
(2)
(2)
101
128
117
106
93
88
108
106

7,770
7, 879
7,932
8,125
8,401
8,418
7,790
7,771
7,539
7,712
7,359
7,096
6,858
6,481

435
509
538
511
510
426
360
431
360
312
231
208
205
152

2,152
2,318
2,415
2,480
2,598
2,775
2,576
2,663
2,586
2,671
2,524
2,413
2,308
2,123

124
118
112
113
110
110
113
110
111
120
122
126
120
120

1,368
1,387
1,376
1,366
1,360
1,428
1,411
1,394
1,398
1,491
1,480
1,476
1,440
1,395

3,691
3,546
3,492
3,654
3,823
3,679
3,330
3,172
3,085
3,119
3,002
2,873
2,784
2,691

732
651
604
423
459
408
758
534
768
436
475
354
249
111

5
16
35
16
6
43
55
17
47
104
144
87
65
33

178
136
136
83
71
102
209
245
295
194
191
168
143
53

522
465
405
302
354
239
469
253
409
123
116
73
29
14

3,530
3,454
3,400
3,276
3,075
2,944
3,105
3,319
3,537
3,517
4,085
4,186
4,047
3,746

1,703
1,662
1,732
1,607
1,519
1,368
1,516
1,525
1,628
1,486
1,984
2,062
1,993
1,844

1,827
1,791
1,668
1,670
1,557
1,576
1,590
1,794
1,909
2, 031
2,101
2.125
2,054
1,902

3 3,198
3 3,379
3 3,456
3 3,414
3 3, 575
3 3,569
3,509
3,447
3,431
3,230
2,973
2,782
2,653
2,443

(2)
(2)

8,224
8,253
8,364
8,551
8,628
8,482
8,206
8,228
8,007
7,762
7,524
7,318
7,018
(
3,469

117
107
114
105
125
83
93
90
88
59
64
47
43
28

1,610
1,799
1,942
2,034
2,170
2,231
2,097
2,137
2,112
2,090
2,033
1,984
1,892
1,728

294
290
289
287
279
276
279
274
275
264
261
260
254
237

5,075
1,129
4,904
1,153
4,843
1,176
4,926
1,199
4,847
1,206
4,705
1,186
4,541
1,196
1,201 | 4,527
1,205 I 4,326
4,158
1,191
3,978
1,188
3,849
1,177
3,673
1,157
3,367
1,109

614
625
598
496
553
408
497
312
286
177
158
135
116
71

24
30
44
33
27
33
27
8
4
5
5
2
1
4

195
211
192
140
144
163
207
171
164
120
114
101
81
48

378
376
354
316
376
208
258
129
115
49
36
30
32
16

4,727
4,751
4,740
4,623
4,554
4,439
4,475
4,554
4,589
4,519
4,550
4,555
4,606
4,392

1,362
1,382
1,424
1,384
1,361
1,267
1,273
1,229
1,219
1,159
1,224
1,279
1,433
1,418

3,365
3,370
3,316
3,240
3,193
3,172
3,202
3,326
3,370
3,359
3,326
3,276
3,172
2,974

3 2,129
3 2,300
3 2,429
3 2,480
3 2,694
3 2,545
2,462
2,367
2,326
2,213
2,147
2,078
1,985
1,796

(2)
(2)
(2)
(2)

51
52
51
46
44
44
47
45

1
Includes loans to dealers in securities.
»Figures not available.
• Security loans to banks estimated as one-half of total loans to banks.
« Central reserve city banks only.
Backfigures.—Notavailable.




CO
SO

100

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 54.—ALL MEMBER BANKS—RESERVE BALANCES, BY MONTHS, 1920-1931
[Monthly averages of daily figures. In millions of dollars]
Month
January
February-.

1921

1920
1,883
I 1,858

March..
April.
" "
May
June....
July.....
August.
September
October..
November
December

| 1,878
1,870
1,853
1,853
1,840
1,807
1817
1,817
! 1,815
j 1,782
I 1,758

1922

1923

1924

1925

1926

1927

1928

1929

1930

1,773
1,728
1,694
1,665
1,657
1,664
1,639
1,621
1,629
1,652
1,663
1,673

1,707
1,689
1,711
1,733
1,783
1,820
1,812
1,799
1,811
1,836
1,825
1,840

1,918
1,901
1,873
1,869
1,874
1,867
1.867
1,835
1,848
1,864
1,875
1,882

1,911
1,892
1,915
1,905
1,922
2,001
2,046
2,072
2,120
2,141
2,164
2,182

2,194
2,159
2,137
2,123
2,132
2,141
2,160
2,151
2,161
2,203
2,221
2,219

2,236
2,208
2,198
2,183
2,199
2,206
2,212
2,201
2,211
2,219
2,214
2,218

2,243
2,212
2,240
2,248
2,262
2,301
2,289
2,283
2,300
2,326
2,373
2,399

2,426
2,368
2,365
2,396
2.388
2,355
2,324
2,274
2,314
2,332
2,352
2,367

2,387
2,357
2,337
2,308
2,296
2,314
2,334
2,322
2,335
2,386
2,521
2,395

2,349
2,305
2,330
2,350
2,356
2,392
2,417
2,392
2,397
2,407
2,433
2,415

1931
2, 433
2, 370
2,386
2,376
2,387
2,404
2,407
2,345
2,333
2,256
2,118
2,069

Back figures—See Annual Report for 1929 (Table 47).
No. 55.—ALL MEMBER BANKS—BORROWINGS AT FEDERAL RESERVE BANKS,
BY MONTHS, 1914-1931
[Monthly averages of daily figures. In millions of dollars]
Month
January
February
March
April
May
June
July
August
September
October
November
December

1914

. __
.
- --

6
10

Month
January
February .
March
April
May _
June
July
August
September
October
November
December

1923

.

547
608
628
658
705
741
834
809
845
873
799
771

1915
12
17
20
22
23
25
27
28
30
28
29
32

1924
574
514
476
489
433
370
315
268
262
240
228
301

1916
29
22
22
22
20
21
25
28
27
22
20
33

1925
267
340
390
403
397
437
480
545
594
619
597
688

1917
21
18
19
25
43
155
151
134
181
320
563
683

1926
520
526
557
537
511
473
549
555
640
663
615
668

1918

1919

1920

1921

612
529
537
751
897
939
1,162
1,333
1,604
1,683
1,760
1,765

1,731
1,765
1,863
1,920
1,976
1,840
1,864
1,798
1,776
2,068
2,140
2,115

2,136
2, 297
2,377
2,431
2,536
2,456
2, 513
2,596
2,667
2,780
2,762
2,718

2,523
2,400
2,297
2,129
1,959
1,811
1,719
1,548
1,442
1,371
1,228
1,180

1927

1928

1929

1930

465
471
513
661
836
1,019
1,090
1,061
1,064
975
897
1,013

859
889
969
1,004
956
978
1,096
1,043
969
885
953
803

481
393
425
447
473
429
454
409
422
424
415
529

501
378
274
231
247
251
226
214
189
196
221
338

1922
962
769
638
572
479
437
425
396
417
486
623
660

1931
253
216
176
155
163
189
168
222
280
613
695
774

NOTB.—Figures include a small amount of borrowing by intermediate credit banks, etc. (See Table 14.)




ALL MEMBfiE BANKS
No. 56.—MEMBER BANKS IN N E W YORK CITY, CHICAGO, AND OTHER RESERVE
CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES
HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931

[Averages of dailyfigures.In millions of dollars]
Deposits subject to reserve
Week ending (Friday)

New York City: 3
1929—Jan. 4...
Jan. 11_.
Jan. 18..
Jan. 25..

Net
2
demand 1 Time

Total

Reserves held
Reserves
required

Total

Excess

5,672
5,549
5,470
5,356

1,293
1,268
1,249
1,239

6,965
6,818
6,719
6,595

776
759
749
733

793
768
764
743

16.6

7.1
8.6

8.9

15.6

9.7

Borrowings at
Federal
reserve
banks

• 325.7
230.3
139.5
81.2

Feb.
Feb.
Feb.
Feb.

1...
8...
15..
22..

5,464
5,507
5,496
5,399

1,298
1,299
1,296
1,284

6,762
6,805
6,793
6,683

749
755
753
740

756
763
764
752

10.6
11.9

109.0
132.6
169.1
130.4

Mar.
Mar.
Mar.
Mar.
Mar.

1...
8...
15..
22_.
29..

5,474
5,516
5,472
5,463
5,419

1,277
1,271
1,276
1,271
1,293

6,751
6,787
6,749
6,734
6,712

750
755
750
748
743

758
761
756
754
750

7.6
6.1
6.8
5.6
7.0

134.2
186.4
136.0
103.8
187.3

Apr.
Apr.
Apr.
Apr.

5...
12..
19..
26..

5,553
5,425
5,414
5,373

1,292
1,273
1,258
1,260

6,845
6,699
6,671
6,633

761
743
741
736

769
748
747
742

8.5
4.8
5.1
6.1

165.1
173. 3
196.7
203.3

May3._.
May 10..
May 17..
May 24..
May 31..

5,441
5,395
5,425
5,348
5, 384

1,264
1,268
1,271
1,268
1,257

6,705
6,663
6,696
6,616
6,641

745
739
743
733
738

752
747
749
738
742

6.2
7.8
6.0
4.4
4.4

181.9
189.1
174.6
134.5
127.7

June 7...
June 14..
June 21 _.
June 28..

5,512
5,473
5,491
5,533

1,249
1,230
1,237
1,259

6,761
6,703
6,728
6,791

754
748
751
757

761
752
765
763

6.7
3.7

136.8
153.3
148.2
214.9

July
July
July
July

5...
12..
19..
26..

5,617
5,524
5,511
5,458

1,177
1,171
1,186
1,210

766
753
752
746

797
758
761
749

31.3
4.3
9.3
3.1

351.5
364.9
335.8
297.1

Aug.
Aug.
Aug.
Aug.
Aug.

2...
9...
16..
23..
30..

5,562
5,491
5,463
5,409
5,424

1,235
1,246
1,246
1,258
1,285

760
751
748
741
744

768
756
752
746
749

7.8
4.9
4.7
4.9
5.5

279.6
315.9
236.3
180.6
180.9

1,313
1,314
1,325
1,346

759
753
760
750

763
757
772
759

4.1
4.6

203.3
208.2
147.3
134.8

4...
11..
18..
25..

5,532
5,488
5,543
5,461
5,574
5,460
5,565
5,657

1,362
1,365
1,367
1,369

6,794
6,695
6,697
6,668
6,797
6,737
6,710
6,667
6,709
6,845
6,802
6,869
6,807
6,936
6,824
6,931
7,026

766
751
764
777

779
760
775
779

13.1
10.4

2.6

85.8
87.8
91.8
78.2

Nov. 1...
Nov. 8...
Nov. 15..
Nov. 22..
Nov. 29..

6,628
6,970
6,707
6,557
6,434

1,358
1,360
1,346
1,342
1,390

7,986
8,330
8,054
7,899
7,823

902
947
912
893
878

932
971
978
947
874

30.1
23.8
65.9
54.6
-3.9

144.1
129.0
60.8
48.6
58.1

Sept. 6...
Sept. 13..
Sept. 20..
Sept. 27..
Oct.
Oct.
Oct.
Oct.

13.7

5.6

11.2

8.7
9.8

850
857
6,227
7,585
1,358
Dec. 6..
783
1,249
837
Dec. 13.
6,981
5,733
Dec. 20.
1,307
829
837
7,386
6,079
1,299
816
821
Dec. 27.
5,979
7,278
1
Subject to reserve requirements of 13 per cent for central reserve city banks and 10 per
city banks.
2
Subject to reserve requirements of 3 per cent.
3
Central reserve city banks only.
Back fisures.—No t available.




6.6
90.7
54.1
98.2
7.7
93.7
5.1
136.1
cent for reserve

102

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 5<5.—MEMBER BANKS IN N E W YORK CITY, CHICAGO, AND OTHER RESERVE
CITIES—DEPOSITS SUBJECT TO PRESERVE, RESERVES REQUIRED, RESERVES
HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931—

Continued
[Averages of daily figures. In millions of dollars]
Deposits subject to reserve
Week ending (Friday)

Net
demand

New York City 3—Continued.
1930—Jan. 3
Jan. 10
Jan.17
Jan. 24
Jan. 31
_

Reserves held
Reserves
required

Time

Total

Total

xcess

6,155
5,856
5,737
5,600
5,547

1,343
1,381
1,372
1,391
1,379

7,498
7,237
7,109
6,991
6,926

840
803
787
770
762

859
809
798
775
768

18.3

5, 627
5,531
5,308
5,498

1,354
1,327
1,323
1,336

6,980
6,858
6,632
6,834

772
759
730
755

777
764
767
771

4.9
4.8

Mar. 7...
Mar. 14..
Mar. 21..
Mar. 28..

5,520
5,520
5,634
5, 610

1,348
1,392
1,412
1,448

6,912
7,045
7,057

758
759
775
773

766
768
805
782

Apr. 4__.
Apr. 11..
Apr. 18..
Apr. 25.-

5,705
5,604
5,683
5,737

1,471
1,480
1,458
1,444

7,176
7,084
7,141
7,181

786
773
783
789

May
May
May
May
May

2...
9...
1623..
30..

5,813
5,741
5,720
5,697
5,766

1,456
1,471
1,485
1,483
1,493

7,269
7,212
7,205
7,180
7,259

June 6...
June 13_.
June 20..
June 27.

5,916
5,874
5,926
5,872

1,478
1,521
1,557
1,569

July 4 . . .
July 11..
July 18..
July 25..

5,957
5,746
5,786
5,873

Aug.
Aug.
Aug.
Aug.
Aug.

Feb.
Feb.
Feb.
Feb.

7...
14.
21.
28.

6.5

11.3
5.4
5.4

37.4
15.9

Borrowings at
Federal
banks

137.3
90.4
51.8
40.6
28.3
27.6
44.0
27.0
13.1

7.7
8.2

19.6

30.3
9.7

22.2
30.5

794
776
787
794

8.6
3.6
4.0
4.6

25.9
40.4
25.7
21.8

799
790
788
785
794

805
796
793
791
800

5.6
5.1
4.7
5.8
5.9

25.4
55.2
16.6
10.3
24.0

7,395
7,395
7,482
7,441

813
809
817
810

821
818
823
819

7.4
8.5
5.7
8.3

41.9
15.0
28.1
19.9

1,553
1,540
1,556
1,548

7,510
7,286
7,342
7,421

821
793
799
810

842
810
847
835

20.6
16.9
47.8
25.5

36.5
20.9

5,975
5,933
5,855
5,850
5,915

1,540
1,517
1,540
1,536
1,540

7,514
7,450
7,395
7,387
7,455

823
817
807
807
815

819
816
812
829

4.6
2.1
8.5
5.6

10.1
55.5
12.7

5,904
5,824
5,849
5,855

1,537
1,551
1,515
1,519

7, 441
7,374
7,363
7,374

814
804
806
807

820
820
823

Oct. 3 - .
Oct. 10.
Oct. 17.
Oct. 24.
Oct. 31.

6, 014
5, 911
5,939
5,999
6,172

1,554
1,576
1,582
1,605
1,614

7,567
7,487
7,521
7,604
7,786

828
816
820
828
851

832
828
827
850

Nov.
Nov.
Nov.
Nov.

6,176
6,129
6,293
6,261

1,607
1,590
1,552
1,547

7,783
7,719
7,845
7,808

851
844
865

854
876
880
862

6,251
6,160
6,180
6,112

1,506
1,374
1,325
1,316

7,757
7,534
7,504
7,428 1

858
842
843
834

1...
8...
15..
22..
29..

Sept.
Sept.
Sept.
Sept.

8

5...
12_.
19.
26.

7—
14..
21..
28..

Dec. 5-.
Dec. 12.
Dec. 19.
Dec. 26.
Central reserve city banks only.




!
|
!
|

860
862
885
845

8.1

2.9
2.7

13.7

7.7
5.5

5.9

22.8

16.2
16.9
21.5

7.5
8.7
7.1

4.1

22.5
22.8
22.2

12.4
7.0

21.6
28.8

6.4
5.3

3.3

26.4

31.5
14.8

7.7
2.6
3.7

1.9

26.2
32.3
45.0
52.6

2.1

19.7
41.9
10.8

103

ALL MEMBER BANKS

No. 56.—MEMBER BANKS IN N E W YORK GITY, CHICAGO, AND OTHER RESERVE
CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES
HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931—

Continued
[Averages of daily figures. In millions of dollars]
Deposits subject to reserve
Week ending (Friday)

Net
demand

New York City 3—Continued.
1931—Jan. 2
_..
Jan. 9
Jan. 16
Jan. 23
Jan. 30
-

Reserves held
Excess

Borrowings at
Federal
reserve
banks

Reserves
required
Time

Total

Total

6,230
6,212
6,176
6,090
6,110

1,295
1,282
2,164
1,284
1,293

7,525
7,494
7,440
7, 374
7,403

846
841
830
833

893
878
905
881
895

44.0
31.7
64.5
50.5
62.0

51.2
32.9
19.3
11.5
10.5

Feb.
Feb.
Feb.
Feb.

6...
13..
20..
27..

6,171
6,109
6,094
6,099

1,297
1,323
1,337
1,367

7,468
7,432
7,431
7,465

841
834
832
834

861
837
847
849

19.4
3.4
14.8
15.0

14.1
18.8
25.3

Mar.
Mar.
Mar.
Mar.

6—
1320..
27..

6,148
6,136
6,226
6,195

1,332
1,297
1,290
1,297

7,479
7,434
7, 516
7,493

839
837
848
844

843
872
883
854

4.1
35.5
34.8

14.4
9.6
9.1
8.5

Apr.
Apr,
Apr.
Apr.

3...
10..
17..
24..

6,124
6,015
6,043
5,965

1, 315
1, 308
1,308
1,315

7,438
7,323
7,350
7,280

836
821
825
815

838
824
829
821

2.7
3.0
3.8
6.2

30.8
28.0
17.4
10.1

May
May
May
May
May

1...
8...
15..
22..
29. .

6,023
6,009
6,095
6,186

1,341
1,348
1,358
1,338
1,339

7,365
7,357
7,453
7,523
7,427

823
822
833
844
832

837
835
842
852
870

13.6
13.4
9.1
8.1
38.6

7.8
21.9
13.6
13.2
2.0

June 5...
June 12..
Junel9._
June 26..

6,051
6,006
5,882
5,827

1,324
1,312
1,292
1,282

7,375
7,319
7,173
7,109

826
820
803
796

859
888
924

11.6
39.1
84.1
127.6

5.6
2.8
5.8
2.2

July 3 . . .
July 10..
July 17..
July 24..
July 3 1 . .

6,026
6,046
6,085
6,055
6,049

1,279
1,278
1,269
1,248
1,239

7,305
7,324
7,354
7,303
7,288

822
824
829
825
824

879
870
908
894

57.7
45.6
79.4
68.9
62.8

2.5
2.1
1.8
1.7
2.0

Aug.
Aug.
Aug.
Aug.

6,055
5,917
5,919
5,889

1,216
1,215
1,193
1,191

7,271
7,132
7,112
7,080

824
806
805
801

834
829
850
846

10.6
23.6
44.6
44.3

16.9
18.5
7.8
12.5

5,989
5,903
5,953
5, 916

1,178
1,164
1,168
1,168

7,166
7,066
7,121
7,084

814
802
809
804

859
818
881
871

44.9
16.2
72.2
66.7

16.4
17.9
9.8
11.7

6,134
5,969
5,773
5,803
5,835

1,139
1,120
1,103
1,033

7,273
7,089
6,876
6,835
6,833

892
826
833
877
857

60.3
16.2
49.3
92.0
68.7

11.5
77.6
126.3
103.5
47.1

786
766
768
780

8.3
6.5
5.9
20.9

35.7
30.3
26. 3
19.9

775
756
790
748

14.4
8.2
31.0
8.4

32.5
26.8
4.5
51.0

7...
14..
21..
28..

Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
Oct.
Oct.

4...
11..
18..
25..

2..
9...
16.
23.
30.

Nov.
Nov.
Nov.
Nov.

6—
13..
20..
27..

5,762
5,623
5,639
5,618

958
954
961

6,728
6,580
6,593
6,578

810
784
785
789
778
760
762
759

Dec.
Dec.
Dec.
Dec.

4...
11..
18..
25..

5,636
5,549
5,635
5,498

942
892
868
842

6,578
6,442
6,503
6,340

761
748
759
740

3 Central reserve city banks only.

125554—32




8

104

AKNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 56.—MEMBER BANKS IN N E W YORK CITY, CHICAGO, AND OTHER RESERVE
CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES
HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931—

Continued
[Averages of daily figures. In millions of dollars]
Deposits subject to reserve
Week ending (Friday)

Net
demand

Chicago: 3
1925)—Jan. 4...
Jan. 11..
Jan. 18..
Jan. 25..

Time

Total

Reserves held
Reserves
required

Total

Excess

Borrowings at
Federal
reserve
banks

565
569
573
574

1,782
1,772
1,771
1,765

175
173
173
172

180
175
175
174

4.8
1.9
2.1
1.8

69.5
54.6
64.0
69.6

Feb.l...
Feb. 8...
Feb. 15..
Feb. 22..

1,199
1,208
1,205
1,200

569
567
523
462

1,769
1,775
1,728
1,663

173
174
172
170

175
176
175
172

1.8
1.9
3.0
2.0

59.1
65.4
73.1
93.1

Mar.
Mar.
Mar.
Mar.
Mar.

1...
8...
15..
22..
29..

1,213
1,203
1,191
1,145
1,130

465
464
456
436
430

1,677
1,667
1,647
1,581
1,560

172
170
169
162
160

173
172
171
165
162

1.4
2.2
2.1
2.6
1.8

102.7
120.3
127.5
136.7
99.2

Apr. 5 . . .
Apr. 12..
Apr. 19..
Apr. 26..

1,119
1,126
1,157
1,153

406
419
433
443

1,525
1,545
1,591
1,597

158
159
163
163

159
161
165
165

1.6
1.7
1.7
1.8

95.0
51.0
20.4
16.5

May
May
May
May
May

3...
10..
17..
24..
31..

1,144
1,144
1,145
1,127
l,ill

442
439
441
446
445

1,586
1, 583
1,586
1,572
1,555

162
162
162
160
158

163
163
164
161
157

1.5
1.1
1.7
.9
-1.1

June7._.
June 14..
June 21..
June 28..

1,122
1,140
1,136
1,132

445
442
437
435

1,568
1,582
1,573
1,566

159
161
161
160

160
163
161
161

.7
1.2

July 5 . . .
July 12..
July 19..
July 26 _.

1,158
1,148
1,162
1,173

445
447
452
457

1,603
1,595
1,613
1,630

164
163
165
166

163
163
165
166

4
'.7
.3
.2

Aug. 2...
Aug. 9...
Aug. 16..
Aug. 23..
Aug. 30..

1,214
1,241
1,204
1,200
1,202

459
471
488
482
485

1,673
1,712
1,692
1,682
1,686

172
176
171
170
171

171
176
171
171
171

-.1
.8
.1
.2
.2

Sept. 6...
Sept. 13..
Sept. 20..
Sept. 27..

1,206
1,221
1,200
1,207

483
473
463
468

1,689
1,693
1,663
1,675

171
173
170
171

173
174
169
170

1.5
.8
-1.2

23.4
22.1
28.9
37.9
62.2
68.2
54.7
63.9
67.1
56.7
59.4
51.0
35.9
37.3
28.1
43.2
34.2
21.8
11.9

Oct.4-_
Oct. 11.
Oct. 18.
Oct.25-

1,219
1,213
1,228
1,268

469
461
471
499

1,689
1,674
1,699
1,767

173
171
174
180

173
172
175
180

.2
.7
1.1
.2

Nov. 1...
Nov. 8...
Nov. 15..
Nov. 22..
Nov. 29..

1,311
1,291
1,246
1,249
1,224

499
485
443
430
426

1,810
1,776
1,689
1,680
1,650

185
182
175
175
172

187
184
- 176
176
173

1.8
1.3
.9
.5
1.1

17.8
46.3
10.5
30.3

Dec. 6..
Dec. 13.
Dec. 20.
Dec. 27.
8

1,217
1,203
1,198
1,191

1,223
1,215
1,207
1,197

428
432
419
411

1,651
1,647
1,625
1,609

172
171
169
168

174
172
171
169

2.1
1.0
1.4
1.0

52.4
27.0
17.3
40.2

Central reserve city banks only.




.1
.6

-.7

8.4

21.0
27.1
52.2
46.2
54.7
6.3

4.7

105

ALL MEMBEE BANKS

No. 56.—MEMBER BANKS IN N E W YORK CITY, CHICAGO, AND OTHER RESERVE
CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES
HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931—

Continued
[Averages of daily figures. In millions of dollars]
Deposits subject to reserve
Week ending (Friday)

Net
demand

Chicago 3—Contined.
1930—Jan. 3
Jan.10
Jan.17
Jan. 24.
Jan. 31

Time

Total

Reserves held
Reserves
required

Total

Excess

Borrowings at
Federal
reserve
banks

1,193
1,189
1,176
1,177
1,162

415
407
403
408
412

1,608
1,596
1,578
1,585
1,575

167
167
165
165
163

169
168
167
168
165

1.1
1.6
1.6
2.9
1.4

39.2
16.3
5.3
2.9
3.8

Feb.7._.
Feb. 14..
Feb. 21..
Feb. 28..

1,155
1,136
1,149
1,162

412
414
412
418

1, 567
1,550
1,561
1,580

162
160
162
164

165
161
163
165

2.4
1.3
1.0
1.7

1.0
2.9
4.3
1.9

Mar.
Mar.
Mar.
Mar.

7...
14..
21..
28-

1,182
1,181
1,188
1,189

426
427
433
434

1,609
1,608
1,621
1,623

166
166
167
168

167
169
172
169

2.6
4.2
1.4

Apr.
Apr.
Apr.
Apr.

4...
11..
18_.
25..

1,201
1,206
1, 216
1,220

424
432
434
435

1,625
1,638
1,650
1,655

169
170
171
172

170
171
172
173

1.0
1.3
1.9

3.1
3.9
2.9
1.3

May
May
May
May
May

2...
9-.
16..
23. .
30..

1,211
1,210
1,211
1,221
1,227

439
443
443
446
448

1,651
1,653
1,654
1, 667
1,675

171
171
171
172
173

172
171
172
174
175

.9
1.1
1.8
1.6

2.6
2.4
1.1
.1
.1

June 6...
June 13..
June 20..
June 27_.

1,223
1,230
1,234
1,219

457
460
455
470

1,680
1, 690
1,688
1,688

173
174
174
173

175
175
175
177

1.9
.8
1.4
4.2

.1
.3
.4

July 4 . . .
July 11..
July 18..
July 25..

1,224
1,232
1,245
1,249

1,739
1,775
1,835
1,837

175
176
180
180

176
179
181
182

1.1
2.3
1.5
1.9

\~9
.1

Aug. 1...
Aug. 8...
Aug. 15Aug. 22-.
Aug. 29-

1,263
1,252
1,253
1,250
1,240

515
543
590
587
577
555
555
552
552

1,840
1,807
1,807
1,802
1,792

182
179
179
179
178

184
183
180
182
179

2.3
3 9
.9
2.6
1.4

.4
.3
.4

Sept.
Sept.
Sept.
Sept.

1,231
1,243
1,235
1,220

569
570
572
575

1,800
1,813
1,808
1,795

177
179
178
176

179
180
185
178

2.1
1.5
7.5
2.0

6.9
.3
.1
.1

Oct.3__
Oct. 10.
Oct. 17_
Oct.24Oct.31-

1,220
1,209
1,238
1,254
1,248

577
568
561
541
547

1,797
1,777
1,798
1,795
1,795

176
174
178
179
179

177
175
180
181
181

.6
1.1
1.9
1 7

1.8
1.4
.4

2.1

.2

Nov. 7...
Nov. 14..
Nov. 21..
Nov. 28..

1,254
1,278
1,282
1,263

542
537
537
540

1,796
1,816
1,819
1,804

179
182
183
180

180
184
184
182

1.2
2.0
.8
1.1

.2
.8
.8
1.4

1,279
1,285
1,283
1,260

529
524
523
514

1,807
1,809
1,806
1,773

182
183
183
179

184
185
184
181

2.2
2.3
1.3
1.4

.1
.3
.2

5—
12..
1926-

Dec. 5...
Dec. 12..
Dec. 19..
Dec. 26..
3 Central reserve city banks only.




.4
.5
1.2

.4

.8

106

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 56.—MEMBER BANKS IN N E W YORK CITY, CHICAGO, AND OTHER RESERVE
CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES
HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931—

Continued
[Averages of daily figures. In millions of dollars]
Deposits subject to reserve
Week ending (Friday)

Net
demand

Time

Reserves held
Reserves
required
Total

Total

Excess

Borrowings at
Federal
reserve
banks

Chicago '—Continued.
1931—Jan. 2
._
Jan.9
Jan.16
Jan. 23
Jan. 30
-.

1,250
1,252
1,257
1,233
1,230

505
507
515
522
524

1,755
1,760
1,773
1, 754
1,755

178
178
179
176
176

189
182
181
179
177

11.0
4.0
2.2
2.6
1.1

.2

Feb.
Feb.
Feb.
Feb.

6...
13..
20..
27..

1,219
1,228
1,242
1,227

539
536
536
539

1,758
1,764
1, 779
1,766

175
176
178
176

176
177
179
176

1.5
1.4
1.3
.5

.2

Mar.6—
Mar. 13..
Mar. 20..
Mar. 27-

1,191
1,179
1,165
1,160

551
547
539
584

1,742
1,725
1,704
1,693

171
170
168
167

173
171
169
168

1 ?,
1 ?
1.5
1.3

Apr.3...
Apr. 10..
Mar. 17Mar. 24..

1,131
1,156
1,178
1,171

538
549
552
611

1,669
1,704
1,730
1,782

163
167
170
171

164
168
171
172

1 ?,
1.2
1.7
1.8

.07
.07

May 1...
May 8...
May 15May22..
May 29. .

1,169
1,177
1,189
1,211
1,191

615
596
567
580
580

1,784
1,772
1,755
1,791
1,771

170
171
172
175
172

172
174
173
176
174

1.5
3.3
1.0
.9
1.4

.4
.3
.6

June 5.-.
June 12..
June 19..
June 26..

1,171
1,154
1,153
1,142

590
583
541
508

1,761
1,737
1,694
1,650

170
167
166
164

171
177
169
165

1.0
9.4
3.2
1.4

.4
3.4
3.5
1.6

July 3 . . .
July 10..
July 17..
July 24..
July 3 1 . .

1,148
1,169
l>159
1,161
1,180

491
485
491
494
505

1,638
1,654
1, 650
1,655
1,685

164
167
165
166
169

167
174
172
169
182

3.1
7.8
6.2
3.4
13.3

.6
1.2
.9
.9
.7

Aug. 7...
Aug. 14..
Aug. 21..
Aug. 28..

1,170
1,169
1,169
1,172

515
510
496
490

1,684
1,679
1,665
1,662

167
167
167
167

177
176
184
191

9.4
9.0
17.1
23.8

1.1
.9
.8
.4

Sept.4...
Sept. 11
Sept. 18
Sept. 25

1,175
1,170
1,173
1,128

491
476
472
459

1,666
1,646
1,645
1,587

168
166
167
160

195
174
187
175

27.2
7.8
20.2
14.9

.4
.8
1.2
1.3

Oct.2_.
Oct. 9 . Oct. 16.
Oct. 23.
Oct. 30-

1,106
1,113
1,091
1,097
1,098

456
448
442
430
426

1,563
1,561
1,532
1,527
1,524

158
158
155
156
155

179
175
165
161
165

21.7
17.2
9.5
5.5
9.2

1.3
4.5
4.8
4.4

Nov. 6—
Nov. 13..
Nov. 20Nov. 27-

1,089
1,092
1,102
1,093

424
416
408
402

1,513
1,508
1,510
1,494

154
154
156
154

158
156
157
157

3.4
1.7
1.2
2.9

2.0
2.2
2.0
2.1

1,086
Dec. 4 ..
1,070
Dec. 11 .
1,063
Dec. 18 .
1,017
Dec. 25 ,
* Central reserve city banks only.

405
400
398
390

1,491
1,470
1,461
1,406

153
151
150
144

154
158
165
145

1.1
7.3
14.5
1.4

6.2
8.0
8.2
13.4




.2

.4

107

ALL MEMBER BANKS

No. 5 6 . — M E M B E R BANKS IN N E W YORK CITY, CHICAGO, AND OTHER RESERVE
C I T I E S — D E P O S I T S SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES
H E L D , AND BORROWINGS AT FEDERAL RESERVE BANKS, BY W E E K S , 1929-1931—

Continued
[Averages o daily figures. In millions o dollars]
f
f
Reserves held

Deposits subject to reserve
Week ending (Friday)

Reserve city banks:
1929—Jan. 4 . . .
Jan.11 _.
Jan.18 _.
Jan. 25 . .

Net
demand

Time

Total

Reserves
required

Total

Excess

Borrowings at
Federal
reserve
banks

6,354
6,386
6,404
6,331

4,828
4,824
4,823
4,819

11,182
11,210
11,227
11,151

780
783
785
778

799
802
801
789

19.2
18.5
15.9
11.6

391.7
349.3
351.6
363.7

Feb.
Feb.
Feb.
Feb.

1 ...
8—.
15...
22...

6,303
6,270
6,274
6,223

4,813
4,808
4,803
4,791

11,115
11, 078
11, 077
11,014

775
771
771
766

787
782
783
782

11.9
11.0
12.0
15.5

368.5
374.4
379.7
393.6

Mar.
Mar.
Mar.
Mar.
Mar.

1....
8—.
15..
22 .
29..

6,179
6,174
6,256
6,174
6,090

4,789
4,802
4,791
4,788
4,771

10,968
10,976
11, 046
10,962
10, 860

762
761
769
761
752

770
774
781
770
764

8.0

12.6
12.1
12.0

433.4
424.1
405.9
396.1
443.6

Apr.
Apr.
Apr.
Apr.

5
12...
19...
26—

6,076
6,070
6,141
6,080

4,771
4,747
4,751
4,748

10, 847
10, 818
10, 892
10,828

751
749
757
750

762
760
767
761

11.0
10.1
10.5
10.4

506.4
483.1
494.7
481.0

May
May
May
May
May

3—.
10—
17...
24...
31...

6,121
6,100
6,172
6,025
5,961

4,770
4,781
4,781
4,783
4,778

10,890
10, 881
10, 953
10,808
10, 739

755
753
761
746
739

765
765
771
755
748

9.5

11.7
10.3

475.0
446.5
427.3
444.2
453.4

June 7
June 14._.
June 21—
June 28...

5,984
6,100
6,112
6,032

4,790
4,783
4,767
4,787

10, 774
10, 883
10,878
10,819

742
753
754
747

751
763
764
757

July
July
July
July

5
12...
19...
26...

6,086
6,111
6,187
6,126

4,783
4,762
4,776
4,728

10,869
10, 873
10,963
10, 854

752
754
762
754

763
763
770
764

11.1

Aug.
Aug.
Aug.
Aug.
Aug.

2
9
1623...
30...

6,111
6,114
6,159
6,088
6,039

4,716
4,719
4,707
4,694
4,700

10, 827
10, 833
10,866
10, 781
10,739

753
753
757
750
745

763
762
767
755
751

10.5
8.7
9.5
5.4
6.4

415.3
414.8
438.7
490.2
477.5

Sept. 6-_.
Sept. 13 .
Sept. 20..
Sept. 27-

6,056
6,159
6,162
6,080

4,718
4,727
4,740
4,739

10,774
10,886
10,902
10,818

747
758
758
750

755
763
765
755

7.6
5.3
6.9
4.5

507.1
482.6
479.3
495.2

Oct. 4
Oct. 1 1 . . .
Oct. 18__
Oct. 25...

6,094
6,108
6,216
6,142

4,728
4,710
4,730
4,752

10,822
10, 817
10,946
10,894

751
752
763
757

759
758
772
763

7.8
6.1
8.1
6.7

508.5
409.9
463.3
475.8

Nov.
Nov.
Nov.
Nov.
Nov.

1 ..
8—..
15..
22..
29..

6,230
6,241
6,254
6,191
6,116

4,756
4,753
4,726
4,724
4,732

10,986
10,994
10,980
10,915
10,848

766
767
767
761
754

775
779
772
767
760

9.1
5.2
6.6
5.9

492.0
520.9
537.9
517.2
467.3

Dec.
Dec.
Dec.
Dec.

6—
13—
20—
27..

6,127
6,154
6,164
6,122

4,723
4,733
4,723
4,812

10,849
10,887
10,887
10,934

754
757
758

762
766
771
767

7.8
8.2
12.7
10.3

447.2
367.6
323.1
309.5




757

9.2

8.5
9.0

9.3
9.1

10.3
9.8
8.9

7.6

9.5

12.1

469.2
419.9
378.3
390.1
381.2
399.3
392.4
394.1

108

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 56.—MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE
CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES
HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931—

Continued
[Averages of daily figures. In millions of dollars]
Reserves held

Deposits subject to reserve
Week ending (Friday)

serve city banks—Contd
1930—Jan. 3
Jan. 10
Jan. 17
Jan. 24
Jan. 31

Net
demand

Total

Borrow-

ings at

Reserves
required
Total

Excess

Federal
reserve

banks

5, 941 I

4,862
4,872
4,892
4,935
4,945

Feb.7
Feb. 14
Feb. 21
Feb. 28

5,942 I
5,979
5,955 !
5,902 '

4,921
4,916
4,916
4,908

10,863
10.894
10,870
10,810

742
745
743
737

755
760
756
748

12.9
14.7
12.6
10.5

149.3
133.2
136.3
134.0

Mar.
Mar.
Mar.
Mar.

7
14
21
28

5,898
5,964
5.996 I
5,988

10,811
10, 863
10, 909
10,946

737
743
747
748

751
756
766
763

14.1
13.0
19.2
15.6

128.4
88.6
47.9
38.4

Apr.
Apr.
Apr.
Apr.

4
11 — .
18
25

6,013
6,065
6, 111
6,042

4,913
4,900
4,913
4,958
4,932
4,954
4,942
4,936

10,945
11,019
11.053
10,978

749
755
759
752

765
768
773
765

15.5
12.9
14.1
13.1

51.4
36.7
38.9
42.9

May
May
May
May
May

2
9
16
23
30

6,026
6,020
6,077
6,026
5,974

4,964
4,970
4,982
5, 008
5,021

10,990
10. 990
11,059
11,035
10,995

751
751
757
753
748

765
767
774
767
764

13.3
16.0
16.7
14.5
16.3

47.4
47.4
39.5
38.1
42.2

June
June
June
June

6
13
20
27

6,021
6,135
6,120
6,024

5,021
5,018
5,009
5,019

11,041
11,152
11,130
11,043

753
764
762
753

771
781
781
770

18.4
16.7
19.2
17.3

47.0
40.5
43.1
45.2

July
July
July
July

4
11
18
25

6,098
6,145
6,242
6,169

5,028
5,034
5,021
5,029

11,125
11,179
11,263
11,197

761
765
775
768

781
788
797
792

20.5
22.5
21.9
24.3

59.6
49.7
34.6
25.3

Aug. 1
Aug. 8____
Aug. 15
Aug. 22
Aug. 29

6,140
6.159
6,180
6,137
6,075

5,038
5,046
5,061
5,082
5,103

11.177
11, 206
11,241
11, 219
11.178

765
767
770
766
761

783
787
770
783
778

17.8
19.6
.1
17.0
17.0

26.1
27.5
44.7
28.1
27.0

Sept. 5
Sept. 12.....
Sept. 19..
Sept. 26

6,097
6,188
6,200
6,106

5,121
5,124
5,138
5,160

11,218
11,312
11,338
11, 265

763
773
774
765

781
792
790
780

18.1
19.5
15.7
14.5

34.3
30.8
25.1
24.4

Oct. 3
Oct. 10
Oct. 17
Oct. 24._
Oct. 31

6,102
6,089
6,132
6,057
6,012

5,171
5,165
5,158
5.163
5,176

11,273
11,254
11,290
11, 220
11,188

765
764
768
761
756

778
781
780
775
775

12.5
16.9
12.5
14.4
18.2

35.4
32.4
35.0
41.9
40.1

Nov.
Nov.
Nov.
Nov.

7
14
21
28

6,184
6,120
6,040

5,276
5,349
5,316
5,304

11,364
11, 533
11, 436
11, 343

767
779
771
763

788
800
790
776

20.8
20.8
18.2
13.1

44.0
43.0
49.3
59.9

Dec.
Dec.
Dec.
Dec.

5
12
19
26

6,049
6,060
6,035
5,896

5,269
5, 267
5, 244
5,228

11,318
11,327
11,279
11,124

763
764
761
746

777
778
775
761

14.1
13.6
14.2
14.9

67.8
62.0
114.4
150.5

.._-

_




6,195
6,131
6,137
6, 027

;
I
I
I

11,057
11,003
11,029
10,962
10,886

765
759
760
751
742

777
770
771
765
756

11.2
10.9
10.3
13.9
13.5

275.3
229.4
170.6
155.1
153.9

109

ALL MEMBER BANKS

No. 56.—MEMBER BANKS IN N E W YORK CITY, CHICAGO, AND OTHER RESERVE
CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES
HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931—

Continued
[Averages of daily figures. In millions of dollars]
Deposits subject to reserve
Week ending (Friday)

Reserve city banks—Contd.
1931—Jan. 2
Jan. 9
Jan.16
Jan. 23
Jan. 30

Net
demand

Time

Total

Reserves held
Reserves
required
Total

Excess

Borrowings at
Federal
reserve
banks

5,934
6,030
6, 029
6,002
5,954

5,201
5,185
5,185
5,170
5,179

11.135
11, 215
11, 214
11,172
11,133

749
759
754
755
751

766
784
777
772
770

17.0
25.5
22.4
16.7
18.7

106.6
93.6
62.4
54.6
52.4

Feb.
Feb.
Feb.
Feb.

6...
13..
20..
27_.

5,947
5,947
5,964
5,899

5,214
5,216
5, 222
5, 257

11,161
11,163
11,186
11,156

751
751
753
748

772
772
768
762

20.6
20.8
15.1
14.8

55.0
51.2
44.8
35.3

Mar.
Mar.
Mar.
Mar.

6_..
13..
20_.
27..

5,929
5,994
6,020
6,001

5, 297
5,305
5,300
5, 308

11, 226
11,299
11, 320
11, 309

752
759
761
759

766
775
778
778

14.7
16.3
17.0
18.8

42.0
28.9
26.3
22.3

Apr.
Apr.
Apr.
Apr.

3...
10..
17..
24..

6,071
6,140
6,193
6,179

5,305
5,294
5,268
5,295

11,377
11,434
11,461
11, 474

766
773
777
777

785
794
793
792

19.0
20.9
15.5
15.0

18.4
14.3
14.8
17.7

May
May
May
May
May

1...
8...
15..
22..
29..

6,118
6,079
6,072
6,029
6,003

5,311
5,344
5,342
5,339
5,329

11,429
11,423
11,414
11, 368
11, 333

771
768
767
763
760

791
792
785
782
783

19.8
23.9
17.9
19.2
22.4

27.7
29.4
19.2
20.1
22.2

June
June
June
June

5...
12..
19..
26..

6,010 |
6,021
6,014 !
5,908 |

5,308
5,285
5,250
5,243

11,319
11, 306
11, 264
11,151

760
761
759
748

784
784
774
768

24.2
23.6
15.5
20.3

36.4
41.9
45.8
48.6

July 3 . . .
July 10..
July 17..
July 24..
July 31..

5,961
5,964
5,961
5,920
5,870

5,259
5,255
5,252
5,222
5.228

11, 219
11, 219
11, 213
11,142
11.098

754
754
754
749
744

784
784
777
774
766

29.8
30.0
23.8
25.4
22.3

25.9
30.9
37.2
47.2
45.6

Aug.
Aug.
Aug.
Aug.

7...
14..
21..
28..

5,886
5,891
5, 859
5,769

5,214
5,211
5,187
5,164

11.099
11,102
11,046
10,933

745
745
742
732

' 765
768
763
751

20.1
22.8
21.5
19.2

45.0
40.1
68.4
77.4

Sept.
Sept.
Sept.
Sept.

4...
11..
18..
25..

5,751
5,752
5,745
5,542

5,147
5,125
5,086
5,044

10,898
10,877
10, 831
10, 586

730
729
727
706

749
748
743
724

84.2
91.7
93.7
107.4
124.9
192.7
248.3
321.2
350.4

Oct.
Oct.
Oct.
Oct.
Oct.

2__
9__
16_
23.
30_

5,441
5,410
5,349
5,283
5,186

4,978
4,879
4,797
4,757
4,738

10,419
10, 289
10,146
10,040
9,924

687
679
671
661

719
728
717
695
672

19.3
19.2
15.6
18.8
25.2
41.1
38.7
24.3
11.4

Nov.
Nov.
Nov.
Nov.

6...
13..
20_.
27..

5,174
5,209
5,210
5,147

4,709
4,676
4,657
4.644

9,883
9,885
9,867
9,791

659
661
661
654

672
678
683
671

13.6
16.3
22.4
17.0

382.4
347.5
329.1
328.1

Dec.
Dec.
Dec.
Dec.

4..
11.
18.
25.

5,139
5,135
5,106
4,982

4,609
4,586
4,541
4,511

9,748
9,721
9,646
9,492

652
651
647
633

664
666
654
637

11.6
15.3
6.9
3.5

345.4
364.4




110

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

REPORTING MEMBER BANKS IN LEADING CITIES
No.

57.—REPORTING M E M B E R B A N K S — L O A N S , INVESTMENTS, DEPOSITS, R E S E R V E S , AND B O R R O W I N G S AT F E D E R A L R E S E R V E B A N K S , 1 9 2 0 - 1 9 3 1 .

[Monthly averages of weekly figures. In millions of dollars]
Month

1920

Loans and investments:
January
16,682
February.. 16,652
16,853
March

1921

1922

14,694 16, 233
14,688! 16, 226
14,617 16, a68
14,688 16,443
14, 968 16,487
15,242 16,428
15, 254 16, 404
15,373 16, 201
15, 446 16,305
15, 732 16,381
15,816 16,287
16,006 16,318

April
May
June
July.August
September.
October
November.
December..

16, 983
16,992
16, 971
16, 921
16,907
17,057
17,192
16,868
16,737

16,447
16,176
16,066
15,778
15,511
15,364
15,065
14, 921
14,902
14,942i
14,837|
14,842j

Total loans:
January
February. _
March
April
May
June
July-.—
August
September.
October
November.
December—

12, 743
12,888
13,242
13,344
13,352
13,426
13,507
13,518
13,691
13,896
13,578
13,428

13,167
12,928|
12, 785|
12, 506:
12,272:
12,036
11,853
11,6891
11,672:
11,664
11,494
11,420

11,204
11,025
11,034
11.002
11,045
11,024
10,959
10,942
11,066
11,342
11,400
11,445

4,737 4,036
4,504 3,961
4,454 3,921
4,390 3,849
4,303 3,842
4,249 3,805
4,181 3,740!
4,087 3,670|
4,111 3,6671
4,155 3,717
4,072 3,721
4,111 *3,765

3,711
3,666
3,641
3,657
3,825
3,909
3,895
3,862
3,908
4,060|
4,1031
4,123

Loans on securities:
January
February. _
March
April
May
June
July
August
September.
October
November.
December..

1923

1925

16,321
16, 319
16,443
16, 565
16,618
16,816
17,131
17,446
17,757
18,217
18,35^
18,465

18,502 19,358
18,439 19,323
18,523 19,420
18,554 19,392
18,527 19,502
18,641 19,596
18, 722 19,561
18, 775 19,594.
18,978 19,775
19, 239 19,784
19,331 19,673
19,413 19,742

19,686 21,493
19,558 21,315
19,989 21,502
20.068 21, 944
20, 273! 22,148
20,506 22,063
20, 404)22,006
20,357| 21,809
20,653! 21,871
20, 9181 21,938
21,112 21, 983
21,328 22,189

22,320
22,263!
22,472|
22,388
22,113!
22,2311
22,479'
22,465j
22,646
23,124
23,663i
23,012

22, 368
22,083
22, 352
22, 657
22, 662
23.024
23,101
23,128
23, 220
23,409
23,455
23,117

22, 660
22, 659
22, 839
22, 942
22,713
22,439
22, 393
22,093
22,078
21, 425
21, 023
20, 749

13,179
13,232
13,320
13, 297
13, 294
13,375
13,474
13,557
13,797
14,057

14,200
14,140
14,172
14,140
14,160
14,235
14,241
14,313
14,498
14,555
14,181 14,487
14,248 14,578

14,538
14,347
14,536
14,564
14,666
14,849

15,441
15, 223
15,370
15,805
15,960
15,871
15,892
15,825
15,898
16,003
16,096
16,253

16,300
16,260
16,491!
16,464'
16,277
16,480
16,950
16,969
17,197
17,706
18,041
17,444

16, 821
16, 542
16, 746
16,901
16, 825
17,048
16,906
16,838
16, 859
16, 834
16, 673
16, 332

15, 894
15, 557
15,452
15,197
14, 891
14, 623
14, 595
14, 380
14, 283
13, 650
13, 445
13, 204

11,560 11,'
11,597 12,004
11,796 12,138
11,919 12, 212
12,002 12,172
11, 905J 12,249
11,912 12,400
11,792 12,594
11,930 12,725
12,029 12,955
11,975 12,969
11,985 13,087

4,194
4,119
4,116
4,173
4,220
4,157
4,150
3,994
4,028
4,052
4,056
4,142

All other loans:
8,0061 9,131 7,493 7,366
January
February. _ 8,384! 8,967 7,359 7,477
8, 788 8,864 7,393 7,680
March
8,954 8,657 7,345 7,746
April
9,050 8,430 7,219 7,781
May
9,177 8,232 7,115 7,748
June
9,326 8,113 7,064 7,761
July..
9,431 8,018 7,080 7,798
August
September . 9,580 8,005 7,158 7,903
9,741 7,947 7,T" 7,977
October
November. 9,507 7,773 7,297 7,920
9,317 7,655 7,322 7,843
DecemberInvestments:
3,939 3,280 3,490 4,673
January
3,764 3,247 3,663 4,629
February. _ 3,611 3,281 3,583 4,572
March
4,523
3,639 3, 273j 3,1
April
3,640 3, 238! 3,923 4,485
May
3,546 3,328 4,218 4,522
June
3,414 3,213 4,295 4,492
July
3,390 3,232 4,431 4,409
August
3,2291 4,379 4,375
September.'
3,296 3,278 4,390 4,352
October
3,290 3,343 4,416 4,312
November _
3,421 4,561 4,333
December..
Back figures.—Set Annual Report for 1930




1924

1926

1931

1927

14,7811
14,825
15,066
15,258
15,308
15,396

4,252
4,173
4,181
4,218
4,221
4,310
4,479
4,582
4,675
4,726
4,740
4,917

5,008
5,056
5,122
5,098
5,167
5,289
5,370
5,377
5,447
5,558
5,696
5,843

5,874
5,767
5,652
5,576
5,592
5,693
5,743
5,771
5,847
5,741
5,633
5,771

5,915
5,780
5,867|
5,930
6,017
6,220
6,191!
6,201
6,298
6,403
6,492
6,676

6,811 7,506
6,606 7,522
6,586 7,580
6,924 7,392
7,075 7,218
6,962 7,332
6,955 7,716
6,816 7,578
6,840 7,654
6,874 8,098
7,082 8,249
7,198 7f

7,794
7,671
7,964
8,270
8,312
8,560
8,391
8,349
8,383
8,237
7,r
7,776

7,495
7,315
7,302
7,157
6,998
6,770
6,631
6,480
6,413
5,971
5,859
5,763

7,736
7,831
7,956
7,994
7,951
7tc '
7,921
8,012
8,049
8,229
8,229
8,170

8,170
8,176
8,198
8,199
8,127
8,085
8,103
8,180
8,500
8,485
8,405

8,326
8,373
8,521
8,564
8,568
8,541
8,498
8,542
8,652
8,814
8,854
8,807

8,623
8,566
8,670
8,634
8,649
8,628
8,590
8,624
8,768!
8,855
8,816
8,720

8,631
8,617
8,784
8,880
8,884
8,909
8,937
9,009
9,059
9,130
9,014
9,055

8,794
8,737!
8,911
9,073
9,059
9,149
9,234j
9,390
9,543J
9,608|
9,792!
9,476

9,027
8,871
8,781
8,631
8,513
8,487
8,515
8,488
8,476
8,597
8,776
8,557

8,399
8,242
8,150
8,040
7,893
7,853
7,964
7,900
7,870
7,679
7,586
7,441

4,333
4,315
4,306
4,352
4,445
4,567
4,731
4,851
5,032
5,262
5,389
5,378

5,323
5,206
5,204
5,258
5,233
5,266
5,248
5,217
5,181
5,181
5,151
5,165

5,158 5,148
5,182 5,212
5,248 5,453
5,252 5,504
5,342 5,608
5,362 5,658
5,320 5,623
5,281 5,531
5,277 5,587
5,228 5,660
5,186 5,804;
5,165 5,932

6,052
6,091
6,133
6,140
6,188
6,193
6,114
5,9841
5,973
5,934
5,888
5,9361

6,021
6,004
5,9811
5,924!
5,836!
5,751!
5,529!
5,496!
5,449;
5,418!
5,623
6,567;

5,548
5,541
5,607
5,756
5,837
5,977
6,194
6,291
6,361
6,575
6,782
6,784

6,766
7,102
7,387
7,745
7,822
7,816
7,798
7,713
7,795
7,775
7,578
7,545

(Table 51).

111

REPORTING MEMBER BANKS IN LEADING CITIES

No. 57,—REPORTING MEMBER BANKS—LOANS, INVESTMENTS, DEPOSITS, R E SERVES, AND BORROWINGS AT FEDERAL RESERVE BANKS, 1920-1931—Con.
[Monthly averages of weekly figures. In millions of dollars]
Month
Net demand
plus time deposits:
January
February. _
March
April
May
June
July
August
September.
October
November.
December..
Net demand
deposits:
January
February. _
March
April
May
June
July
August
September .
October
November.
December..
Time deposits:
January
February. _
March
April
May
June.
July
August
September.
October
November.
December. .
Reserve balances:
January
February. _
March
April
May.
June July
August
September .
October
November.
December..
Borrowings at
Federal reserve banks:
January
February. _
March
April
May
June .
July .
August
September.
October
November _
December..

1920

1921

1922

1923

1924

1925

1926

1927

1928

1929

1930

1931

14,038
14,021
14,200
14,183
14,182
14,208
14,200
14,059
14,093
14,100
13,861
13,666

13, 766
13, 527
13,356
13,161
13,221
13,144
12,976
12,857
12,901
13,093
13, 236
13,256

13,409
13,339
13, 529
13, 766
14,170
14,487
14,627
14,602
14,680
14,852
14,796
14,866

15,312
15,294
15,212
15,204
15,230
15,196
15,204
14,973
15,026
15,155
15, 228
15, 210

15,434
15,450
15,509
15,577
15,759
16,164
16,603
16, 967
17,262
17,689
17, 945
18,039

18,094
17,977
17,872
17,828
17,913
18,007
18,119
18,049
18,122
18,386
18, 558
18, 530

18,597
18,468
18,414
18,392
18, 544
18, 715
18,677
18,641
18,746
18, 727
18, 690
18,800

18,921
18,771
19,023
19,054
19,292
19, 577
19,483
19, 504
19,609
19, 757
20,112
20,291

20, 542
20,286
20,268
20, 576
20,652
20,373
20,107
19, 733
19,880
20,059
20,217
20,241

20,487
20,270
20,127
19,869
19,768
19, 740
19,918
19,848
19,990
20,472
21,131
20,501

20,096
19,835
20,067
20,460
20, 511
20, 842
21, 078
21, 050
21,093
21,284
21,452
21,060

20,836
20,839
20,944
21,059
21,099
20, 683
20, 727
20, 360
20,029
19, 058
18, 530
18, 037

11, 581
11, 487
11,605
11,551
11,511
11, 504
11,471
11,304
11,291
11,271
11,030
10,828

10,821
10, 588
10,409
10,206
10,199
10,187
10,042
9,927
9,958
10,112
10, 215
10, 247

10, 367
10,280
10,391
10, 587
10,919
11,138
11,113
11,007
11,076
11, 228
11,121
11,146

11,561
11, 522
11,284
11,214
11,222
11,176
11,198
10,968
10,991
11,107
11,170
11,127

11,299
11,273
11,282
11, 299
11,424
11, 773
12,114
12,396
12, 630
12, 937
13,080
13,184

13, 203
13,020
12,866
12, 742
12, 742
12,805
12,922
12,831
12,892
13,085
13,185
13,173

13,195
13,019
12,917
12,830
12,953
13,074
12,964
12,900
13,024
13,015
12,938
13,032

13,067
12,883
13,034
13,033
13,179
13,414
13,306
13,276
13,340
13,412
13, 703
13,872

13,982
13,673
13,579
13,814
13, 760
13,450
13,246
12,902
13.049
13, 216
13,369
13,399

13, 593
13,391
13,288
13,076
12,992
13,001
13,245
13,120
13,180
13,633
14, 363
13, 774

13,224
12,974
13, 093
13, 391
13, 393
13, 631
13, 720
13,651
13, 622
13, 735
13, 934
13,839

13, 763
13, 626
13, 678
13, 731
13, 692
13, 425
13,576
13, 290
13,137
12, 574
12, 279
12, 024

2,457
2,534
2,595
2,632
2,671
2,704
2,729
2,755
2,802
2,829
2,831
2,838

2,945
2,939
2,947
2,955
3,022
2,957
2,934
2, 930
2,943
2,981
3,021
3,009

3,042
3,059
3,138
3,179
3,251
3,349
3,514
3,595
3,604
3,624
3,675
3,720

3,751
3,772
3,928
3,990
4,008
4 020
4,006
4,005
4, 035
4,048
4,058
4,083

4,135
4,177
4, 227
4,278
4, 335
4,391
4 489
4,571
4,632
4,752
4,865
4,855

4,891
4,957
5,006
5,086
5,171
5,202
5,197
5,218
5,230
5,301
5,373
5,357

5,402
5,449
5,497
5,562
5,591
5,641
5,713
5,741
5,722
5,712
5,752
5,768

5,854
5,888
5,989
6,021
6,113
6,163
6,177
6,228
6,269
6,345
6,409
6,419

6,560
6,613
6,689
6,762
6,892
6,923
6,861
6,831
6,831
6,843
6,848
6,842

6,894
6,879
6,839
6,793
6,776
6,739
6,673
6,728
6,810
6,839
6,768
6,727

6,872
6,861
6,974
7,069
7,118
7,211
7, 358
7.399
7,471
7,549
7, 518
7,221

7,073
7,213
7,266
7,328
7,407
7,258
7,151
7,070
6,892
6,484
6,251
6,013

L, 431
1,406
1,411
1,420
1,402
,402
L, 405
1,375
L, 384
1,370
1,334
1,330

1,330
1,305
1,273
L, 254
]1,256
,296
,241
L, 212
1,224
1,246
1,258
1,266

1,289
1,299
3.318
1,324
L, 381
,405
; ,414
1,370
L, 357
L, 412
1,379
1,383

1,447
1,434
L, 404
L, 397
L,408
,400
402
1,366
L, 360
[,381
1,382
1,382

1,433
L,407
,435
,439
,449
,539
558
,595
,645
,644
1,638
1,691

1,663
1,656
1,627
1,608
1,612
1,622
1,627
1,640
1,639
1, 652
1,667
1,685

L, 672
1,652
L, 649
L, 639
L, 647
1,664
649
,640
1,674
[,627
[,631
,680

1,672
1,639
1,665
1,653
1,691
1,744
1,690
1,702
1,703
1,719
1,761
1,781

1,799
1,758
1,726
1,783
1,771
1,740
1,723
1,672
1,699
1,707
1,714
1,748

1,777
1,734
L, 715
1,672
,666
,672
'703
1,665
L, 703
L, 775
1,869
L, 743

1,718
1,704
1,697
1,740
1,745
1,781
1,813
1,791
1.813
1,824
1,829
1, 834

1,846
1,792
1,811
1,799
1,836
1,827
1,843
1,795
1,791
1,717
1,603
1,637

1,803
2,019
2,053
2,069
2,085
1,981
2,005
2,072
2,117
2.222
2,200
2,132

1,947
1,878
1,792
1,601
1,421
1,267
1,167
996
906
854
723
697

514
374
264
215
161
130
151
115
145
240
376
392

343
402
417
420
455
466
552
516
545
585
505
502

347
285
245
258
185
131
89
61
83
86
75
145

108
218
234
229
191
238
264
351
403
437
411
491

318
351
372
329
290
252
315
335
428
440
422
447

299
233
268
270
302
268
272
256
267
283
276
388

314
338
362
488
644
796
854
806
822
736
681
799

663
659
740
725
661
670
801
717
706
634
655
490

247
174
81
71
59
53
53
43
44
56
71
141

82
57
35
26
28
56
44
75
127
398
404
499




112

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
No. 58.—REPORTING MEMBER BANKS—PRINCIPAL

[In millions of dollars]

Date or month

1931
Jan. 7
Jan. 14
Jan. 21..
Jan. 28.
Feb. 4
Feb. 11
Feb. 18
Feb. 25
Mar. 4
Mar. 11
Mar. 18
Mar. 28
Apr. 1
Apr. 8
Apr. 15
Apr. 22
Apr. 29
May 6
May 13
May 20
May 27
June 3
June 10
June 17
June 24
July 1
July8_.
July 15
July 22
July 29
Aug. 5
Aug. 12
Aug. 19
Aug. 20
Sept. 2
Sept. 9
Sept. 16
Sept. 23
Sept. 30
Oct. 7
Oct. 4.
Oct. 21
Oct. 28
Nov. 4
Nov. 1 1 . . . .
Nov. 13
Nov. 25
Dec. 2
Dec. 9..
Dec. 16
Dec. 23
Dec. 30
Monthly averages:
January
February
March
April
May
June
-.
July
August
September
October
November
December

Total
loans and
investments

22, 776
22, 666
22, 603
22, 596
22,682
22,659
22, 650
22,647
22, 621
22, 577
23, 111
23, 046
22,933
22.845
23, 051
22, 987
22,896
22, 768
22,778
22, 708
22, 598
22,
22,
22,
22,

536
452
425
343

22,486
22, 487
22, 415
22, 284
22, 296
22, 264
22, 075
22,001
22, 030
22,063
22,016
22,132
22, 072
22,107
21, 689
21, 501
21, 289
21, 221
21,147
21, 033
21, 002
20, 908
20,856
20,664
20, 963
20, 734
J20, 532
22, 660
22, 659
22,839
22,942
22, 713
22, 439
22, 393
22,093
22, 078
21,425
21, 023
20,749

Loans
Total

On securities All other

16, 064
15,922
15,839
15, 753
15,668
15,605
15,494
15,464
15,441
15, 377
15, 518
15,470
15,382
15,212
15,258
15,139
14,993
14,922
14,925
14,905
14,813
14, 730
14,641
14, 582
14, 540
14, 691
14,636
14, 635
14,527
14, 486
14, 506
14, 342
14, 338
14, 335
14,398
14,333
14, 263
14,228
14,191
13,858
13,680

13, 541
13, 521
13, 510
13,421
13, 442
13,405
13,350
13,237
13,212
13,119
13,104
15,894
15, 557
15,452
15,197
14,891
14, 623
14, 595
14,380
14, 283
13, 650
13,445
13, 204

Back figures,—See Annual Report for 1930 (Table 52).




Investments

7,653
7,522
7,425
7,379
7,303
7,319
7,325
7,313
7,256
7,237
7,365
7,349
7,256
7,146
7,194
7,138
7,052
7,036
7,046
6,981
6,928
6,867
6,791
6,720
6,703
6,745
6,665
6,633
6,570
6,544
6,512
6,479
6,453
6,477
6,500
6,442
6,414
6,361
6,346
6,081
6,001
5,906
5,897
5,867
5

Total

6,712
6,743
6,764
6,843
7,014
7,054
7,156
7,183
7,180
7,200
7,593
7,576
7,551
7,633
7,793
7,848
7,903
7,846
7,853
7,803
7,785
7,806
7,811
7,843
7,803

5,831
5,807
5,760
5,740
5,733
5,777

8,411
8,400
8,414
8,374
8, 365
8,286
8,169
8,151
8,185
8,140
8,153
8,121
8,126
8,066
8,064
8,001
7,941
7,886
7,879
7,924
7,885
7,863
7,850
7,862
7,837
7,946
7,971
8,002
7,957
7,942
7,994
7,863
7,885
7,858
7,898
7,891
7,849
7,867
7,845
7,777
7,679
7,635
7,624
7,643
7,573
7,553
7,574
7,543
7,477
7,472
7,386
7,327

7,495
7,315
7,302
7,157
6,998
6,770
6,631
6,480
6,413
5, 971
5,859
5,763

8,399
8,242
8,150
8,040
7,893
7,853
7,964
7,900
7,870
7,689
7,586
7,441

U.S.Gov- Other
ernment
securities securities
3,623
3,598
3, 579
3,612
3,658
3,699
3,742
3,769

7,795

7,851
7,780
7,757
7,810
7,758
7,733
7,663
7,695
7,665
7,683
7,869
7,844
7,916
7,831
7,821
7,748
7,700
7,637
7,612
7,560
7,503
7,506
7,427
7,751
7,615
7,428

3,089
3,146
3,185
3,231
3,356
3,355
3,414
3,414
3,444
3,435
3,860
3,814
3,777
3,848
3,977
3,968
3,996
3,970
3,975
3,947
3,937
3,989
4,019
4,091
4,094
4,129
4,124
4,119
4,101
4,133
4,117
4,069
4,031
4,078
4,046
4,038
4,265
4,197
4,223
4,194
4,200
4,159
4,133
4,108
4,099
4,064
4,017
4,033
3,997
4,336
4,208
4,060

6,766
7,102
7,387
7,745
7,822
7,816
7,798
7,713
7,795
7,775
7,578
7,545

3,163
3,385
3,638
3,913
3,957
4,048
4,121
4,074
4,154
4,171
4,072
4,127

3,603
3,717
3,749
3,832
3,865
3,768
3,677
3,639
3,641
3,604
3,506
3,418

3,736
3,765
3,733
3,762

3,774
3,785
3,816
3,880
3,907
3,876
3,878
3,856
3,848
3,817
3,792
3,752
3,709
3,666
3,727
3,661
3,656
3,677
3,641
3,664
3,632
3,617
3,619
3,645
3,604
3,647
3,693
3,637
3,621
3,589
3,567
3,529
3,513
3,496
3,486
3,473
3,430
3,415
3,407
3,368

113

REPORTING MEMBER BANKS IN LEADING CITIES
RESOURCES AND LIABILITIES, BY WEEKS,

1931

[In millions of dollars]

Reserve
with
Federal
reserve
banks

1,827
1,870
1,846
1,842
1,785
1,786
1,796
1,801
1,773
1,847
1,846
1,779
1,810
1,797
1,768
1,790
1,832
1,829
1,835
1,834
1,847
1,790
1,821
1,816
1,879
1,808
1,854
1,854
1, 855
1,844
1,758
1,821
1,814
1,787
1,807
1,739
1,858
1,736
1,816
1,727
1,680
1,748
1,714
1,605
1,583
1,608
1,614
1,567
1,591
1,667
1,526
1,833
1,846
1,792
1,811
1,799
1,836
1,827
1,843
1,795
1,791
1,717
1,603
1,637

Net demand plus time deCash in
vault

nnsit.s
TVT

Total

JNet
demand

Time

Government
deposits

Borrowings at
Federal
reserve
banks

227
242
225
259
255
271
278
265
264
264
254
238
245
236
248
259
292
271

20,864
20,921
20,779
20,779
20,809
20,847
20,813
20,889
20,803
20,972
21,031
20, 968
21,045
20,951
21,115
21,110
21,074
21,030
21,175
21,166
21,024
20,952
20,877
20,446
20,455
20,860
20, 780
20, 776
20,602
20, 617
20, 513
20,460
20, 254
20,212
20,247
20,145
20,029
19,722
20, 002
19,363
19,123
18,939
18,807
18, 640
18,543
18, 520
18,417
18,341
18,178
18,172
17, 718
17,775

13,821
13,862
13,689
13,680
13,649
13, 672
13,570
13, 614
13, 514
13, 725
13, 782
13, 690
13,749
13, 678
13,811
13,752
13,664
13,608
13,777
13,757
13,625
13, 605
13, 552
13, 255
13,286
13, 688
13,604
13, 634
13,481
13,473
13,414
13,355
13,196
13,195
13,244
13,195
13,134
12,885
13, 227
12,739
12, 587
12, 521
12,449,
12, 343
12,287
12,279
12,206
12,199
12,105
12,168
11,771
11,877

7,043
7,059
7,090
7,099
7,160
7,175
7,243
7,275
7,289
7,247
7,249
7,278
7,296
7,273
7,304
7,358
7,410
7,422
7,398
7,409
7,399
7,347
7,325
7,191
7,169
7,172
7,176
7,142
7,121
7,144
7,099
7,105
7,058
7,017
7,003
6,950
6,895
6,837
6,775
6,624
6,536
6,418
6,358
6,297
6,256
6,241
6,211
6,142
6,073
6,004
5,947
5,898

420
404
376
309
282
187
161
129
89
89
71
57
5
553
352
352

46
59
57
63
22
40
43
60
55
58
56
90
94
107
113
113
146
154
274
414
451
453
428
406
385
397
424
428
392
567
685

249
222
209
212
226
229
224
234
242
270
250
261

20,836
20,839
20,944
21,059
21,099
20, 683
20, 727
20,360
20,029
19,058
18,530
18,037

13,763
13, 626
13,678
13,731
13,692
13,425
13,576
13,290
13,137
12,574
12,279
12,024

7,073
7,213
7,266
7,328
7,407
7,258
7,151
7,070
6,892
6,484
6,251
6,013

114
83
240
307
92
159
243
73
248
235
95
264

82
57
35
26
28
56
44
75
127
398
404
499

282
255
230
228
217
234
213
224
211
215
205
205
203
211
208
214
222
229
226
223
226
215
238
232
232
233
232
217
218
220
220
233
236

247




148
115
101
93
93
80
80
80
29
522
408
345
303
395
275
218
144
121
64
38
9
9
310
309
309
271
237
209
190
130
75
45
42
42

126
80
70
53
65
68
52
42
47
33
27
35
29
20
19
21
38
36
22
28
29

Date or month

1931
Jan. 7.
Jan. 14.
Jan. 21.
Jan. 28.
Feb. 4.
Feb. 11.
Feb. 18.
Feb. 25.
Mar. 4.
Mar. 11.
Mar. 18.
Mar. 25.
Apr. 1.
Apr. 8.
Apr. 15.
Apr. 22.
Apr. 29.
May 6.
May 13.
May 20.
May 27.
June 3.
June 10.
June 17.
June 24.
July 1.
July 8.
July 15.
July 22.
July 29.
Aug. 5.
Aug. 12.
Aug. 19.
Aug. 26.
Sept. 2.
Sept. 9.
Sept. 16.
Sept. 23.
Sept. 20.
Oct. 7.
Oct. 14.
Oct. 21.
Oct. 28.
Nov. 4.
Nov. 11.
Nov. 18.
Nov. 25.
Dec. 2.
Dec. 9.
Dec. 16.
Dec. 23.
Dec. 30.
Monthly averages:
January.
February.
March.
April.
May.
June.
July.
August.
September.
October.
November.
December.

114

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
No. 59.—REPORTING MEMBER BANKS IN N E W YORK

CITY—

[In millions of dollars]
Loans
Date or month

Total
loans and
investments

Total

Investments
U. S.

On securities

All other

Total

Other
Government securities
securities

1931

Mar.
Mar.
Mar.
Mar.

4
11
IS
25..

7,968
7,890
7,880
7,886
7, 965
7,962
7,953
7,980
7,954
7,829
8,083
8,036

Apr.
Apr.
Apr.
Apr.
Apr.

1
8
15
22
29

7,974
7,858
7,897
7,880
7,834

May
May
May
May

6
13
20
27

7,806
7,952
7,925
7,815
7,804
7,756
7,594
7,621
7,844
7,789
7,805
7,712
7,752

Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.

7...
14
21
28
4
11
18
25

,__.

June3
June 10
June 17
June 24
July 1
JulyS
July 15
July 22
July 29
Aug. 5
Aug. 12
Aug. 19
Aug. 2(3
Sept. 2
Sept. 9
Sept. 16
Sept. 23
Sept. 30
Oct. 7
Oct. 14
Oct. 21
Oct. 28
Nov. 4
Nov. 11
Nov. 18
Nov. 25
Dec. 2
Dec. 9
Dec. 10
Dec. 23
Dec. 30..
Monthly averages:
January
February
March
April
May
June
July...
August
September
October
November
December

5,658
5, 577
5,563
5,534

3,233
3,124
3,061
3,024

2,425
2,454
2,502
2,510

2,310
2,312
2,317
2,352

1,225
1,243
1,263
1,284

1,085
1,070
1,054
1,068

5,517
5,513
5,456
5,469
5,481
5,354
5,529
5,521

3,014
3,050
3,114
3,137

2,503
2,463
2, 342
2,332

2,448
2,449
2,497
2,511

1,349
1,348
1,365
1,351

1,099
1,101
1,132
1,160

2,321
2,272
2,310
2,277

2,473
2.475
2,554
2,515
2,523
2,556
2,559
2,569
2,627

1,357
1, 348
1,457
1,404
1, 398
1,423
1,412
1,393
1,445

1,116
1,127
1,097
1,111

5,451
5,302
5,338
5, 311
5,207
5,212
5,302
5,266
5,152

3,160
3, 082
3,219
3,244
3,183
3,066
3,083
3, 063
3,003

1,125
1,133
1,147
1,176
1,182

3.045
3,119
3,025
2,969

2,167
2, 183
2,241
2,183

1,414
1,445
1,474
1,505

1,180
1,205
1,185
1,158

5,107
5,060
5,006
5,028

2, 920
2,876
2,797
2,791

2,187
2,184
2,209
2,237

1,525
1, 553
1,491
1,521

1,172
1,143
1,097
1,072

5,191
5,146
5.155
5,093
5, 060

2,329
2,343
2,397
2,381
2,375

2,594
2, 650
2,659
2,663
2, 697
2, 696
2,588
2,593
2, 653
2,643
2,650
2,619
2, 692

1,607
1,603
1,607
1,587
1,639

2,452
2,316
2,360
2,354

2,663
2,617
2,581
2,632

1,636
1,586
1, 563
1,615

1,046
1,040
1, 043
1,032
1,053
1. 027
1,031
1,018
1,017

2,620
2,649
2, 689
2.739
2,865
2, 847
2,868
2,811
2,774

1,588
1,592
1,663
1,673
1,745

1,032
1,057
1,026
1,066
1,120

1,756
1,781
1,739
1,722

1,091
1,087
1,072
1,052

7,763
7, 566
7,563
7,641
7,692
7, 666
7,663
7,775
7,924
7, 648
7, 538
7,351
7,326
7,310
7,240
7,262
7,220
7,181
7,064
7, 258
7,175
7,147

5,100
4,949
4,982
5,009

2,862
2,803
2,758
2,712
2,685
2,648
2,633
2,622
2,655

5,072
5,017
4,974
5,036
5, 059

2, 683
2,643
2,641
2,641
2,677

4,801
4,070
4,540
4,552

2.469
2,403
2,300
2,305

2, 389
2,374
2, 333
2,395
2,382
2, 332
2,267
2,240
2,247

4,547
4,474
4,525
4,535

2. 287
2,270
2,297
2,255

2,260
2,204
2,228
2,280

2,763
2,766
2,737
2,685

1,724
1,732
1,702
1,660

1,039
1,034
1,035
1,025

4,488
4,425
4,451
4,420
4,492

2,239
2,210
2,208
2,231
2,295

2,249
2,215
2,243
2,189
2,197

2, 693
2,639
2,807
2,755
2,655

1,676
1,657
1,836
1,778
1, 712

1,017
982
971
977
943

7,906
7, 965
7,975
7,889
7,875
7,694
7,780
7,633
7,744
7,466
7,258
7,165

5,583
5,489
5,471
5,322
5,233
5,050
5,129
5, 010
5,032
4,641
4,520
4,455

3,111
3, 079
3,176
3,080
3,039
2,846
2,764
2,640
2,657
2,369
2,277
2,237

2,472
2,410
2,295
2,242
2,194
2,204
2,365
2,370
2,375
2,272
2,243
2,218

2,323
2, 476
2,504
2,567
2,642
2,644
2,651
2,623
2,712
2,825
2,738
2,710

1,254
1,353
1,391
1,414
1,460
1,523
1,608
1,600
1,652
1,750
1,705
1,732

1,069
1,123
1,113
1,153
1,182
1,121
1,043
1,023
1,060
1,075
1,033
978

Back figures—See Annual Report for 1930 (Table 53).




2,268
2,236
2,255
2,248
2,204

REPORTING MEMBER BANKS IN LEADING CITIES
PRINCIPAL RESOURCES AND LIABILITIES, B Y W E E K S ,

1931

[In millions of dollars]

Reserve
with
Federal
reserve
bank

Net demand plus time deposits
Government
deposits

Cash in
vault
Total

Net
demand

Time

Borrowings at
Federal
reserve
banks

Date or month

1931

5,849
5,697
5,749
5, 775
5,764

1,180
1,172
1,201
1,200
1,209
1,225
1,274
1, 275.
1,232
1,196
1,199
1,213
1,235
1,217
1,219
1, 214
1,251

5,736
5,880
5,869
5,818

1,255
1,269
1,248
1,251

6,990
6,946
6,670
6,803

5,775
5, 729
5,495
5,611

1,215
1,217
1,175
1,192

108
108

M a y 6.
M a y 13.
M a y 25.
M a y 27.
June 3.
June 10.
June 17.
June 24.

7,052
6,968
7,034
6,941
6,981

5,863
5,786
5,871
5,791
5,829
5.758
5,676
5,605
5,657
5,708
5,638
5,666
5,650
6,003

1,189
1,182
1,163
1,150
1,152

108
95
83
73
66

July 1.
July 8.
July 15.
July 22.
July 29.

1,123
1,131
1,113
1,108
1,107
1, 089
1,101
1,091
1,073

45
27
16
15

7,091
7,093
7,021
7,065
7,060
7,058
7,059
7,113
7,013
7,081
7,144
7,082
7,084
6,914
6,968
6,989
7,015
6,991
7,149
7,117
7,069

5,911
5,921
5,820
5,865

792
805
847
917
825
£49
883
886
871
779
844
836
811
811
766
889
785
880
791
751
839
821
724
723
731
748
710
722
798
705
941

6,881
6,807
6,718
6,765
6,815
6, ,27
6,767
6,741
7,076

857
802
824
800
832
840
863
817
826
801
732
775

821
883
859
865
789
798
804
816
784
866
853
793
822
780
773
793
833
817
829
815
867

6,648
6,518
6,486
6,473

5,851
5,833
5,785
5,838
5, 781
5,885
5,945
5,869

6,318
6,255
6,272
6,267

5,601
5,484
5,529
5,544
5,413
5,353
5,363
5,360

6,213
6,121
6,186
5,951
5,996

5,335
5,290
5,376
5,162
5,217

1,047
1,034
957
929
905
902
909
907
878
831
810
789
779

7,067
7,073
7,080
6,994
7,082
6,852
6,995
6,793
6,825
6,532
6,278
6,094

5,879
5,827
5,870
5,767
5,826
5,652
5,828
5, 674
5,733
5,540
5,372
5,276

1,188
1,246
1,210
1,227
1, 256
1,200
1,167
1,119
1,092
992
906
818




Jan.
Jan.
Jan.
Jan.
10

18
1
264
166
166
19
14
76
90
22
55
85
26
76
72
29
123

Feb.
Feb.
Feb.
Feb.

4.
11.
18.
25.

Mar. 4.
Mar. 11.
Mar. 18.
Mar. 25.

168
131
112
98
112
73
55
35
30
16

128
121
115
94
87
57
49
40
27
27
21

7.
14.
21.
28.

Apr.
Apr.
Apt.
Apr.
Apr.

1.
8.
15.
22.
12.

Aug. 5.
Aug. 12.
Aug. 19.
Aug. 26.
Sept. 2.
Sept. 9.
Sept. 16.
Sept. 23.
Sept. 30.
58
121
70
47
17
16
16
16
14
12

Oct. 7
Oct. 14.
Oct. 21.
Oct. 28.
Nov. 4.
Nov. 11.
Nov. 18.
Nov. 25.
Dec. 2.
Dec. 9.
Dec. 16.
Dec. 23.
Dec. 30.
Monthly averages:
January.
February.
March.
April.
May.
June.
July.
AugustSeptember.
October.
November.
December.

115

116

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
No. 60.—REPORTING MEMBER BANKS OUTSIDE N E W YORK CITY[In millions of dollars]

Date or month

Total
loans and
investments

1931

Jan. 7_.._.
Jan. 14....
Jan. 21....
Jan. 28....
Feb. 4 . . .
Feb. 11..
Feb. 18..
Feb. 25..
Mar. 4.._.
Mar. 11..
Mar. 18..
Mar. 25..
Apr. 1...
Apr. 8...
Apr. 15..
Apr. 22..
Apr. 29..
May 6...
May 13..
May 20..
May 20..
June3...
June 10-.
June 17..
June 24..

July
July
July
July
July
Aug.
Aug.
Aug.
Aug.

1...
8...
15 _.
22 _.
29..
5....
12..
19..
2(3..

Sept. 2
Sept. 9
Sept. 16..
Sept. 23
--.
Sept. 30
Oct. 7
Oct. 14
Oct. 21
Oct. 28
Nov. 4
Nov. 11
Nov. 18
Nov. 25
Dec. 2
Dec. 9
Dec. 16
Dec. 23
--_Dec. 30
Monthly averages:
January.
_.
February
March
April
May
June
*
July
August
September
October
November
December

j

Loans

Total

14,808
14,776
14, 723
14, 710
14, 717
14, 697
14, 697
14,667
14, 667
14, 748
15, 028
15, 010
14, 959
14, 987
15,154
15,107
15, 062
14, 962
14,826
14, 783
14, 783
14, 732
14, 696
14, 831
14,722
14, 642
14, 698
14, 610
14, 572
14, 544
14, 501
14, 509
14,438
14, 389
14,371
14,350
14, 469
14, 297
14, 183
14, 041
13, 963
13, 938
13, 895
13,837
13,793
13,740
13, 688
13,675
13,600
13, 705
13, 559
13,385

10,406
10,345
10, 277
10, 219

14, 754
14, 694
14, 864
15,053
14,838
14, 745
14,613
14,460
14, 334
13,959
13, 765
13, 584

On securities

All other

Total

U. S.
GovernOther
ment securities
securities

8,612

4,420
4,398
4,364
4,355
4,289
4,269
4,211
4,176
4,096
4,155
4,146
4,105
4, 073
4,080
4,111
4,075
4,049
3,991
3,927
3,956
3,959
3,947
3,915
3,923
3, 912
3,883
3,862
3,875
3,858
3,859
3,864
3,846
3,831
3,822
3,817
3,799
3, 773
3,720
3,669
3,612
3,598 i
3,606
3,592
3,580
3,578
3,592
3,576
3,568
3,550
3,533
3,502
3,482

5,986
5,946
5,912
5,864
5,862
5.823
5,827
5,819
5,864
5,868*
5,843
5,844
5,858
5, 830
5,809
5,753
5,737
5,719
5, 696
5,683
5,702
5,676
5,666
5,653
5,600
5,617 !
5,628 I
5,605 i
5,576 I
5,567 '
5,542
5,547
5, 525
5,504
5,509
5,517
5,516
5, 472
5, 463
5,445
5,412
5,395
5,377
5,383
5,369
5, 325
5,294
5,294
5,262
5,228
5,197
5,130

4,402
4,431
4,446
4,491
4,566
4, 605
4,659
4,672
4,707
4, 725
5, 039
5,061
5,028
5,077
5,234
5,279
5,276
5,252
5,203
5,144
5,122
5,109
5,115
5,255
5, 210
5,142
5,208
5,130
5, 13S
5,118
5, 095
5,116
5, 082
5,063
5,045
5, 034
5,180
5,105
5,051
4,984
4,953
4,937
4,926
4 874
4,846
4,823
4,818
4,813
4,788
4,944
4,860
4,773

1,864
1,903
1,921
1,947
2, 007
2, 007
2,049
2,063
2,087
2,087
2,403
2,410
2,379
2,425
2,565
2, 575
2,551
2,556
2,530
2,473
2,432
2,464
2,466
2,600
2,573
2,522
2, 521
2, 512
2,514
2, 494
2, 481
2,483
2,468
2,4G3
2,458
2,446
2,602
2,524
2,478
2,438
2,419
2, 420
2,411
2,384
2,367
2,362
2, 357
2,357
2,340
2, 500
2,430
2,348

2,538
2,528
2,525
2,544
2,559
2,5£"
2,610
2,609
2,620
2, 638
2,636
2,651
2,649
2,652
2, 669 |
2, 704
2,725
2, 696
2,673
2,671
2,690
2,645
2,649
2, 655
2,637
2,620
2,687
2, 618
2,624
2,624
2,614
2,633
2, 614
2,600
2, 587
2, 588
2,578
2,581
2, 573
2. 546
2, 534
2,517
2,515
2,4!
2,479 i
2,461
2,461
2, 456
2,448
2,444
2,430
2,425 ]

10,311
10,068
9,981
9,875
9,658
9,573
9,466
9,370
9,251
9,009
8,925
8,749

4,384
4,236
4,126
4,077
3,959
3,924
3,867
3,840
3,756
3,602
3,582
3,526

5,927
5,832
5,855
5,798
5,699
5,649
5,599
5,530
5,495
5,407
5,343
5,223

4,443
4,626
4,883 !
5,178
5,180
5,172
5,147
5, 090
5,083
4,950
4,840
4, 835

1,909
2,032
2,247
2.499
2,497
2,525
2,513
2,474
2,502
2,421
2,367
2,395

2,534
2,594

10,151

10, 092
10, 038
9,995
9,960
10, 023
9,989
9,949
9,931
9,910
9,920
9,828
9,786
9,710
9,623
9,639
9,661
9,623
9,581
9,576
9,512
9,500
9,490
9.480
9,434
9,426
9,406
9,393
9,356
9,326
9,326
9,316
9,289
9,192
9,132
9,057
9,010
9,001
8,947
8,917
8,870
8,862
8,812
8,761

Back figures.—See Annual Report for 1930 (Table 54).




Investments

2, 679
2.683
2; 647
2,634
2,616
2,581
2,529
2,473
2,440

REPORTING MEMBER BANKS IN LEADING CITIES
PKINCIPAL RESOURCES AND LIABILITIES

[In millions of dollars]
Net demand plus time deposits

Reserve

with

Federal
reserve
banks

Cash in
vault

1,006
987
987
977

203
193
178
177
168
180
170
178
168
171
163
163
162
168
166
172
173
173
178
178
178

996
988
992
985
989
981
993
986
988
1,017
995
997
999

•VT a -(-

Total

13,773
13,827
13,758
13,714
13,749
13,789
13,754
13,776

1N61
demand

5,863
5,887
5,889
5,899
5,951
5,950
5,969
6,000
6,057
6,051
6,050
6,065
6,061
6,056
6,085
6,144
6,159

171
193
190
189

857
869
869
821
892

189
188
174
176
178
166
178
188
183
174
187
175
198
193
210
213
204
205
203
201
190
190
189
197
207
224
213

13,808
13,812
13,742
13, 661
13,636
13, 632
13, 653
13,536
13,447
13,432
13, 418
13, 262
12,981
12,926
12, 715
12, 605
12, 453
12, 334
12,322
12,288
12, 248
12,150
12,128
12, 057
11,986
11, 767
11, 779

7,733
7,840
7,837
7,821
7,900
7,981
8,062
7,977
7,900
7,872
7,897
7,888
7,807
7,830
7,823
7,760
7,675
7,825
7,818
7,763
7,690
7,644
7, 656
7,679
7,591
7,538
7,536
7,557
7,468
7,235
7,224
7,138
7,103
6,992
6,905
6,930
6,934
6,916
6,846
6,864
6,815
6,792
6,609
6,660

989
990
987
999
1,004
987
980
978
965
916
871
862

188
174
166
169
177
186
181
179
186
208
196
206

13, 769
13,766
13,864
14,065
14, 017
13,831
13, 732
13, 567
13,204
12, 526
12, 252
11,943

7,884
7,799
7,808
7,964
7,866
7,773
7,748
7,616
7,404
7,034
6,907
6,748

983
1,005
971
969
973
979
977
978
976
996
973
969
951
936
936
929
909
893
881
860
877
866




Time

7,910
7,940
7,869
7,815
7,798
7,839
7,785
7,776

13,790
13,891
13, 887
13,886
13,961
14,037
14,147
14,121
14,059
14,039
14,026
14,049
13,955
13,962
13,931
13,776
13,652

1,012
1,006
1,019
980
998
1,016
969
962

BorrowGovernment
deposits

123
95
83
77
77
66
65
66
24
354
277
233
205
283
202
163

ings at

Federal
reserve

Date or month

banks

109
76
70
53
65
58
52
42
47
33
27
35
29
20
19
21
38

6,167
6,129
6,161
6,148
6,132
6,108
6,016
5,977

109
91
48
29
7
7
202
201

5,983
5,994
5,979
5,971
5,992
5,976
5,974
5,945
5,909
5,896
5,861
5,794
5,746
5,702
5,577
5,502
5,461
5,429
5,392
5,354
5,332
5,304
5,264
5,242
5,194
5,158
5,119

201
176
154
136
124
85
48
29
27
27
292
283
261
215
195
130
112
89
62
62
50
39
4
289
186
186

410
416
392
469
396

5,885
5,967
6,056
6,101
6,151
6,058
5,984
5,951
5,800
5,492
5,345
5,195

95
69
164
217
70
104
158
47
172
163
66
HI

77
55
35
26
28
56
44
72
124
324
388
416

36
22
28
29
46
59
57
63
22
40
43
60
55
56
56
90
86
99
111
113
143
152
216
293
381
406
411
390
369
381

1931
Jan. 7.
Jan. 14.
Jan. 21.
Jan. 28.
Feb. 4.
Feb. 11.
Feb. 18.
Feb. 25.
Mar. 4.
Mar. 11
Mar. 18.
Mar. 25.
Apr. 1.
Apr. 8.
Apr. 15.
Apr. 22.
Apr. 29.
May 6.
May 13.
May 20.
May 27.
June 3.
June 10.
June 17.
June 24.
July 1.
July 8.
July 15.
July 22.
July 29.
Aug. 5.
Aug. 12.
Aug. 19.
Aug. 26.
Sept. 2.
Sept. 9.
Sept. 16.
Sept. 23.
Sept. 30.
Oct. 7.
Oct. 14.
Oct. 21.
Oct. 28.
Nov. 4.
Nov. 11.
Nov. 18.
Nov. 25.
Dec. 2.
Dec. 9.
Dec. 16.
Dec. 23.
Dec. 30.
Monthly averages:
January.
February.
March.

April.

May.
June.
July.
August.
September.
October.
November.
December.

117

118

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 61.—REPORTING MEMBER BANKS—BANKERS' BALANCES, BY W E E K S : TOTAL,
NEW

YORK CITY, OTHER LEADING CITIES

[In millions of dollars]
Due to banks

Due from banks

1931

Total

New York Other leadCity
ing cities

Total

New York Other leading cities
City

Jan. 7 . . .
Jan. 1 4 . .
Jan.21._
Jan. 2 8 . .

3,597
3,698
3,619
3,622

1,288
1,305
1,271
1,254

2,309
2,393
2, 348
2,368

1,596
1,710
1,681
1,692

92
88
82
103

1,504
1,622
1,599
1,589

Feb.
Feb.
Feb.
Feb.

4...
11..
18..
25-

3,779
3,826
3,807
3,777

1,296
1,328
1,308
1,276

2,483
2,498
2,499
2,501

1,736
1,778
1,782
1,848

85
79
101
106

1, 651
1,699
1,681
1,742

Mar.
Mar.
Mar.
Mar.

4..
11.
18.
25.

3,835
3,755
3,994
3,912

1,315
1,253
1,382
1,311

2,520
2,502
2,612
2,601

1,855
1,808
1,956
1, 866

97
99
127
116

1,758
1,709
1,829
1,750

Apr.
Apr.
Apr.
Apr.
Apr.

1....
8...
15...
22..
29..

3,989
3,907
3,898
3,680
3,594

1,427
1,254
1,262
1,144
1,160

2,562
2,653
2,636
2, 536
2,434

1, 769
1,776
1,804
1,686
1, 603

125
95
117
108
95

1,644
1,681
1,687
1,578
1,508

May
May
May
May

6....
13..
20..
27..

3,712
3,848
3,670
3,632

1,208
1,314
1,227
1,178

2,504
2,534
2,443
2,454

1,649
1,839
1,724
1,732

90
94

1,559
1, 745
1,636
1,654

June 3 —
June 10..
June 17..
J u n e 24_.

3,705
3,698
3, 392
3,339

1,189
1,203
1,079
1,107

2,516
2,495
2,313
2,232

1, 718
1,793
1,555
1, 523

100
122
107
107

1,618
1,671
1,448
1,416

July
July
July
July
July

1...
8...
15_22_.
29-

3,780
3,719
3, 602
3,438
3,368

1,406
1,321
1,258
1,201
1,180

2,374
2,398
2,344
2,237
2,188

1,719
1,702
1,698
1,606
1, 557

135
96
103
102

1,584
1,606
1,595
1,504
1,477

Aug.
Aug.
Aug.
Aug.

5...
12..
19..
23..

3,456
3,343
3,219
3,052

1,212
1,130
1,102
1,029

2,244
2,213
2,117
2,023

1, 546
1,477
1,426
1,322

1,466
1,400
1,354
1,247

Sept. 2..
Sept. 9_.
Sept. 16.
Sept. 23.
Sept. 30.

3,192
3,144
3,078
2,907
3,071

1,107
1,050
1,046
1,027
1,204

2,085
2,094
2,032
1,880
1,867

1,374
1,341
1,358
1,247
1,282

1,288
1,276
1,269
1,165
1,187

Oct.
Oct.
Oct.
Oct.

2,881
2,787
2,624
2,528

1,055
1,025
978
956

1,826
1,762
1,646
1,572

1,131
1,155
1,039
981

1,050
1,067
963
912

983
967
887
879

1,671
1,659
1,656
1, 573

1,043
1,057
1,020
952

893

819
923
864
900

1,633
1,568
1,617
1,521
1,572

928
1,012

7...
14.
21.
28.

Nov.
Nov.
Nov.
Nov.

4..
11.
18.
25-

2,654
2,626
2,543
2,452

Dec.
Dec.
Dec.
Dec.
Dec.

2—
9._.
IB23..
30..

2, 513
2,387
2,540
2,385
2,472

922
876
941
882
922

Back figures.—See Annual Reports for 1930 (Table 55), 1920 (Table 53), and 1928 (Table 56), and Federal
Reserve Bulletin for March and January, 1929.




BROKERS' LOANS
No,

62.—LOANS TO BROKERS AND DEALERS, SECURED BY STOCKS AND BONDS,
MADE BY REPORTING MEMBER BANKS IN N E W YORK CITY, BY WEEKS
[In millions of dollars]

Demand loans

Demand and time loans
1931

Jan. 7
Jan.14
J a n . 21
Jan.28
Feb. 4
Feb.11
F e b . 18
Feb. 25
Mar. 4
M a r . 11
M a r . 18
M a r . 25
Apr. 1
Apr. 8 .
Apr. 15
Apr. 22
Apr. 29 .
May 6
M a y 13
M a y 20-..
M a v 27
June 3
J u n e 10
J u n e 17
J u n e 24

Total

1,001
928
884
869
849
831
775
751
720
690
662
611
591

1,129
1,090
1,055
1,033
1,002
960
936
950
960
983
949
913
921
948
798
699
603
594
583
553
623
591
567
552
555
553
544

315
343
.330
328
318
315
267
260
210
293
294
260
258
300
286
270
243
213
159
185
207
199
177
177
170
181
194
209
215
219
222
230
228
223
220
215
203
145
87
77
85
102
97
97
116
140
141
132
117
98
51
41

1,798
1, 759
1,858
1,824
1,644
1,464
1,434
1,342
1, 268
921
802
655

1,132
1,186
1,335
1, 322
1, 279
1,110
1,062
951
943
674
588
554

329
290
264
271
191
181
204
226
174
90
124
88

1,879
1,820
1,757
1,734
1,716
. . . 1,749
1,772
1,798
1,790
1,819
1,913
1,908
1,875
. - . - 1,822
1,849
1,844
1,730
1,699
1,671
1,631
1,574
_ 1,539
1,490
1,419
._ 1,406

July 1
JulyS
July 15
July 22
July 29.
Aug. 5
Aug. 12
Aug. 19
Aug. 26
Sept. 2
Sept. 9
Sept. 16
Sept. 23 . _ .
Sept. 30
Oct. 7
Oct. 14
Oct. 21
. . .
Oct. 28
Nov. 4
Nov. 11
Nob. 18 2
Nov. 25
Dec. 2
Dec. 9
Dec. 16
Dec. 23
Dec. 30
Averages:
January
February
March
April
May
June
July
August
September...
October
November. _.
December...

For
For
outown
For Total
ofactown
count banks 1 others

1,479
1,455
1,430
1,416
1,390
1,346
1 329
1,343
1,349
1,366
1,325
1,271
J, 207
1,172

1,206
1,132
1,101
1,089
1,099
1,147
1,229
1,267
1,316
1,236
1,373
1,414
1,391
1,277
1,324
1,350
1,268
1.293
1,360
1, 270
1,191
1,169
1,135
1,070
1,065

358
344
326
317
299
287
276
271
264
290
246
234

1,422
1,374
1,312
1,303
1,294
1, 335
1,365
1,390
1,392
1,411
1,502
1,517
1,506
1,453
1,487
1,489
1,382
1,353
1, 337
1,292
1,234
1,190
1,128
1,060
1,032

Time loans

For
For
For
For outown outFor
For
of- others Total own
ofac- town others
ac- town
count banks 1
count banks 1

126
144
179
178
169
162
2 12
19
21
21
9
7
6

1,098
1,072
1,028
1,001
976
938
921
945
953
977
935
904
853
835
682
644
614
606
594
594
560
550
532
515
500
451
442

1, 062
946
998
1,025
951
977
1,054
953
872
841
794
728
706
763
722
663
631
601
563
538
563
575
602
568
554
572
615
485
420
337
337
333
322
415
396
385
S83
399
399
400

286
314
301
300
294
291
249
243
195
278
278
245
243
286
271
259
229
200
146
178
200
192
171
171
166
177
190
205
210
214
217
225
222
218
215
209
198
142
85
75
84
100
95
95
113
137
139
130
115
96
49
39

201
221
217
205
201
176
137
161
162
157
164
161
160
158
161
160
160
161
158
158
160
160
160
158
152
139
134
123
140
176
174
166
158
28
15
17
17
5
3
3

337
283
259
231
174
173
168
165
151
157
90
13

1,353
1,346
1,456
1, 463
1,304
1,103
1, 035
939
901
637
575
488

763
827
976
996
964
767
676
560
582
395
367
393

300
269
249
258
181
175
199
220
170
89
121
86

290
250
231
209
159
161
160
159
149
153
87
9

226
245
239
224
219
193
152
176
176
171
178
172
171
169
171
166
168
169
164
163
165
166
163
161
155
141
137

826
767
732
727
736
790
872
907
964
872
1, 005
1,063

310
294
280
276
265
253
243
240
233
261
219
209

457
445
445
431
422
414
407
408
398
408
411
391
369
369
362
355
348
346
334
339
340
349
362
359
374

380
366
370
362
363
357
357
360
352
364
368
351
329
331
326
325
317
316
306
317
319
328
341
342
359

381
383
402
415
414
408
408
398
396
389
390
367
354
337
319
284
270
263
255
237
215
201
188
175
162
160
149
445
413
402
361
340
361
399
403
367
284
227
167

366
368
392
402
401
397
398
387
385
381
381
359
349
333
313
279
266
257
250
231
208
195
182
169
156
154
144

30
29
30
28
24
24
18
17
15
15
16
15
15
14
15
11
14
13
13
8
6
7
6
6
4
4
4
4
5
5
5
5
6
5
5
6
5
3
2
2
1
2
2
2
3
3
2
2
2
2
2
2

11
10
6
8
8
6
5
5
6
3
3
3
2
3
3
4
3
4
3
4
24
4
4
4
4
4
3

369
359
359
325
315
343
386
392
361
279
221
161

29
21
15
14
10
6
4
5
4
2
2
2

47
33
28
22
15
12
9
6
3
3
4
4

48
51
46
41
34
33
33
31
31
29
27
25
25
24
22
19
18
17
15
14
15
14
14
11
11

1
Member and nonmember banks outside New York City (domestic banks only); includes unknown
amount for customers of these banks.
2
New clearing-house rule relating to "Loans for account of others" became effective Nov. 16, 1931. For
explanation see Federal Reserve Bulletin for December, 1931, p. 657.
Back figures—See Annual Reports for 1930 (Table 56), 1929 (Table 54), 1928 (Table 57), and 1927 (Table 46).

125554r-32

9




119

120

ANNUAL. REPORT OF T H E FEDERAL RESERVE BOARD
No. 63.—BROKERS' BORROWINGS, 1927-1931

[Net borrowings on collateral in New York City as reported by members of the New York Stock Exchange]
[In millions of dollars]
On demand and on time

Date
Total

1927

Jan. 31
Feb. 28
Mar. SI
Apr. 30
M a y 31
June 30
July 30
Aug. 31
Sept. 30
Oct. 31
Nov. 30
Dec. 31
1928
Jan. 31
Feb. 29
Mar. 31
Apr. 30
M a y 31
June 30
July 31
Aug. 31
Sept. 29
Oct. 31
Nov. 30
Dec. 31
1929
Jan. 31
Feb. 28
Mar. 30
Apr. 30
M a y 31
June 29
July 31
Aug. 31
Sept. 30
Oct. 31
Nov. 30
Dec. 31
1930
Jan. 31.
Feb. 28..
Mar. 31.,
Apr. 30..
M a y 31..
June 30, _
July 3 1 . .
Aug. 30..
Sept. 30-.
Oct. 31-..
Nov. 559..
Dec. 31..
1931
Jan. 31.
Feb. 2 8 Mar. 31..
Apr. 30.M a y 29_.
June 30..
July 3 1 . .
Aug. 31_.
Sept. 30.
Oct. 31—
Nov. 30..
Dec. 31_.

On demand

From
From
New private
York banks,
banks brokers,
and
foreign Total
trust banking
comagencies, etc.

3,139
3,256
3,290
3,341
3,458
3,569
3,642
3,674
3,915
'.-'
4,092
4,433

2,670
2,757
2,790
2,865
2,968
3,065
3,145
3,170
3,340
3,363
3,519
3,812

469
499
500
476
490
504
497
504
575
583
573
621

2,328
2,475
2,505
2,541
2,674
2,757
2,765
2,746
3,018
3,023
3,134
3,481

4,420
4,323
4,640
4,908
5,274
4,898
4,837
5,051
5,514
5,880
6,392
6,440

3,805
3,737
3,947
4,246
4,568
4,169
4,150
4,260
4,647
4,994
5,412
5,401

615
585
693
662
707
730
687
791
866
886
979
1,039

3,294
3,580
3,739
4,070
3,742
3,768
4,094
4,690
5,116
5,614
5,722

6,735
6,679
6,804
6,775
6,665
7,071
7,474
7,882
8,549
6,109
4,017
3,990

5,664
5,619
5,713
5,580
5,482
5,797
6,154
6,492
7,077
5,313
3,432
3,370

1,071
1,060
1,091
1,194
1,183
1,275
1,320
1,390
1,472
796
585
620

3,529
4,026
4,409
4,139
3,201
3,227
3,109
3,057
2,299
1,929
1,694

3,985
4,168
4,656
5,063
4,748
3,728
3,599
3,481
2,556
2,162
1,894
1,720
1,840
1,909
1,651
1,435
1,391
1,344
1,354
1,044
796
730
587

1,557
1,646
1,692
1,466
1,293
1,221
1,171
1,160
582
455

On time

From
From
New private
York
banks,
banks brokers,
and
foreign Total
trust banking
comagenpanies cies, etc.

From
New
York
banks,
trust
cometc.

From
private
banks,
foreign
banking
agencies, etc.

1,964
2,085
2,112
2,146
2,254
2,316
2,343
2,330
2,539
2,549
2,675
2,963

365
391
393
395
420
441
421
415
479
475
459
518

810
781
785
800
784
812
877
928
897
923
958
952

707
673
679
719
713
749
802
840
801
814
844
849

104
108
107
81
70
63
76
89
96
108
113
103

2,882
2,807
3,016
3,201
3,455
3,122
3,183
3,420
4,360
4,771
4,810

511
488
564
537
616
619
585
674
751
756
843
913

1,027
1,028
1,060
1,169
1,204
1,157
1,070
958
824
764
777
717

923
931
931
1,045
1,113
1,046
967
840
709
634
641
591

104
98
129
124
91
110
102
117
116
130
136
126

5,983
5,948
6,210
6,204
6,100
6,444
6,870
7,162
7,832
5,238
3,297
3,376

5,043
5,034
5,231
5,154
5,061
5,333
5,705
5,962
6,543
4.639
2,873
2,883

914
979
1,050
1,039
1,111
1,165
1,200
1,289
599
424
494

752
730
594
571
565
627
604
720
717
871
719
613

621
584
482
427
422
464
449
530
534
674
559
487

132
146
112
144
144
163
15P
190
183
197
161
126

616
639
631
654
609
627
462
489
425
257
234
199

3,528
3,711
4,052
4. 363
3,967
3,021
2,913
2,830
1,987
1,691
1,519

3,007
3,162
3,519
3,819
3,464
2,521
2,607
2.481
2,451
1,770
1,481
1,340

521
548
533
543
503
459
414
431
380
217
210
179

457
457
604
700
781
747
651
569
471
374

361
367
506
590
675
680
620
628
606
530
447
354

95
90
98
111
106
67
48
58
45
40
24
20

163
194
217
185
141
170
173
194
112
108
148
132

1,366
1,505
1,630
1,389
1,173
1,102
1,041
1,069
802
616
600
502

1,223
1,334
1,425
1,221
1,045
946
879
885
698
512
458
374

143
171
204
168
128
156
162
184
104
103
142
128

354
335
279
262
261
289
303
285
242
181
130
85

334
312
267
245
248
276
292
275
234
176
124
81

20
23
12
17
13
13
11
10

Back figures.—See Annual Report for 1927 (Table 47) for figures for 1918-1922; figures for 1923-1925 not
available.




BROKERS

121

LOANS

No. 64.—MEMBER BANK LOANS ON SECURITIES TO BROKERS (AND DEALERS
IN SECURITIES) IN N E W YORK CITY, 1928-1931
In millions of dollars'
TotalAll
member
banks

Call date

1,899
2,556

880
1,639

1,879
2,025
1,885
1,660

Member banks outside New York City

-

1929—Mar 27

-

June 29
Oct 4
Dec. 31 „

1930—Mar. 27
June 30
Sept 24
Dec. 31
_

Dec. 31

-

In Chicago 1

In other
reserve
cities

1,019
917

119
75

522
465

378
376

1,102
1,359
1,096
1,202

777
666
789
459

18
48
59
11

405
302
354
239

376

2,344
2,365
2,472
1,498

1928—Oct 3
Dec. 31

1931—Mar. 25
June 30
Sept. 29

Member
banks in
New
York
City*

1,477
1,883
1,714
1,281

868
482
757
217

140
99
233
45

469
253
409
123

258
129
115
49

1,630
1,217
928
575

1,367
1,063
839
542

263
154
88
32

111
51
27
3

116
73
29
14

36
30
32
16

Total

Outside
reserve
cities

354
316
208

1

Central reserve city banks only.
Back figures.—Not available.

No. 65.—MEMBER BANK LOANS ON SECURITIES TO BROKERS (AND DEALERS IN
SECURITIES) OUTSIDE N E W YORK CITY, 1928-1931
[In millions of dollars]

Call date

Total— Member
All mem- banks in
New
ber
York
banks
Cityi

Member banks outside New York City

Total

In Chicago i

117
107

311
242
257
240

538
511
510
425

114
105
125
83

646
750
687
571

194
229
239
201

360
431
360
312

90

454
388
405
304

159
133
157
124

231
208
205
152

64
47
43
28

45
50

925

1929—Mar. 27.
June 29.
Oct. 4 . . .
Dec. 31.

1,014
921
939

52
63
46
55

962
858
893
748

1930—Mar. 27.
J u n e 30.
Sept. 24.
Dec. 31.

706
819
774
675

60
68
86
104

1931—Mar. 25.
June 30.
Sept. 29.
Dec. 31.

575
515
521
391

121
127
116
87

1

Central reserve city banks only.
Back figures.—Not available.




Outside
reserve
cities

435
509

850
975

1928—Oct. 3._.
Dec. 31.

In other
reserve
cities

122

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

BANKERS' ACCEPTANCES AND COMMERCIAL PAPER
OUTSTANDING
66.—BANKERS 7

No.

ACCEPTANCES

AND

COMMERCIAL

PAPER

OUTSTANDING,

1925-1931
[In millions of dollars]
Bankers' acceptances outstanding i
End of
month

Commercial paper outstanding

s

1925 1926

1927

1928

1929

1930

1931

1925 1926 1927 1928 1929 1930 1931

800
757

788
767
746
721

774
785
809
811

1,058
1,056
1,085
1,071

1,279
1,
1,228
1,624
1,205 i 1,539
1,111 | 1,414

1,520
1,520
1,467
1,422

327
315
311
307

.-

555

685
622
600
583

775 1,041
751 1,026
741
978
782
952

1,107
1,113
1,127
1,201 i

1,413
1,368
1,228
1,090

305
292
289
271

-.

607
674

996
1,040
1,002
974 621

248
210
174
118

January
February
March
April

835

May
June
July....
AugustSeptember
October
November
December-

774

614
682
726
755

864
975
1,029
1,081

1,004
1,123
1,200
1,284

1,382
1, 305
1,350
1,339

1,272 J 1,367
1,541 I 1,508
1,658 | 1,571
1,732
1,556

663

i Figures collected and compiled by American Acceptance Council.
1
Paper maturing within 7 months. Figures reported by about 25 dealers to the Federal Reserve Bank
of New York.
« Corrected.
Back figures.—Bankers' acceptances outstanding—figures for earlier years as follows: March, 1922,
$416,000,000; March, 1923, $524,000,000; March, 1924, $618,000,000; December, 1924, $821,000,000. Commercial
paper outstanding, see Annual Report for 1930 (Table 60).
No.

67.—DOLLAR BANKERS'

ACCEPTANCES OUTSTANDING, BY CLASSES

l

[In thousands of dollars]
Based on—

End of month

Based
on goods
stored in
foreign
Goods
Dollar countries
Goods
Exports in stored
exchange
or
United shipped
from
shipped
States between
United
between
(ware- domestic
States
foreign
house
points
points
credits)

Total

Imports
into
United
States

1,520,190
1,519,857
1,466,737
1,422,022

214,000
211,796
212,334
211,064

400,129
398,389
389, 568
360,283

34,897
33,838
36,798
32,892

257,493
260,839
245,667
238,141

65,042
71,330
62, 221
73,107

548,628
543,665
520,148
506, 533

May
June
July
August

1,412, 515
1, 368,373
1,228,202
1,090,400

207,479
202,369
185,830
177,945

361,161
348,946
329,832
276,048

28,248
29,415
35,108
27,555

235, 669
224, 783
202,392
174,529

75,170
69,217
51, 748
42,988

504,788
493, 644
423, 293
391,335

September
October
November
December

996,365
1,039,785
1,002,305
974,059

173,682
172,954
158,058
158,500

257,396
260, 911
254,101
221, 619

27,690
23,675
18,483
15,559

162,478
213,870
239, 230
251,346

36, 714
37,891
34, 067
30,858

330,483
298,365
296,177

January
February..March
April

1931
__.

i Figures collected and compiled by American Acceptance Council.
Back figures— See Annual Reports for 1930 (Table 61), 1929 (Table 57), 1928 (Table 60), and 1927 (Table
49).




123

BANKERS BALANCE

No. 68,—DOLLAR BANKERS 1 ACCEPTANCES HELD BY GROUP OF ACCEPTING
BANKS, 1925-1931
[In thousands of dollars]
1925

January
February..
March
April
May
June.
July
August
September
October...
November.
December.

1926

222,265
185,752
192,994
186,221
154,650
124,606
116,338
93, 539
88,878
103,643
85,037
92, 519

End of month

118,956
127,580
132,104
137,144
107,389
66,817
57,630
63, 644
47,634
'56,214
64, 444
77,007

1927

1928
79,968
90,090
99,058
56,397
58,183
71,289
52,642
50,331
53,187
43, 711
50, 345
75,842

54,987
166,485
104,484
86, 976
94, 561
88,947
86, 412
132,890
103, 592
118,167
116,913
104,999

1929

1930

79,246
89,050
117,430
95,129
87,396
84,284
90,032
82,378
70,768
129,413
244,463
191, 061

220,467
182,930
166, 663
157, 527
165,611
205,110
278,642
267, 337
316, 678
384,173
493, 002
371,452

1931
571, 404
549, 548
472, 246
410, 249
464,163
553, 519
668,034
606, 469
409,895
230, 407
296,161
262, 092

NOTE.—Banks included are those which report to the American Acceptance Council; figures include
both own acceptances held and purchased acceptances held.
No. 69.—PURCHASED ACCEPTANCES HELD BY MEMBER BANKS ON CALL

DATES

[In thousands of dollars]
Member
Total—all banks in
member
New
banks
York
City i

Call date

1928—Oct 3
Dec. 31
1929—Mar. 27
J u n e 29
Oct 4
Dec. 31

Total

In Chicago 1

In other
reserve
cities

Outside
reserve
cities

180,977
212,170
.

1931—Mar. 25
J u n e 30
Sept. 29
Dec. 31

3,174
2,196

32,499
49,449

40,886
38,103

110,819
115,570
91, 746
173, 730

127,636
82,424
70,922
117, 797

12,471
4,203
5,002
13,877

62,905
38,176
33, 551
66, 596

52,260
40,045
32, 369
37, 324

129, 379
172,883
175, 792
210,497

124,349
68,223
91, 574
159, 250

13,998
20, 728
20, 250
31, 558

79,538
35,464
64,144
119, 714

30,813
12, 031
7,180
7,978

462,089
501, 291
338,463
187,013

.

76,559
89,748

238,455
197,994
162,668
291,527

_

104,418
122,422

253, 728
241,106
267,366
369, 747

...

.

1930-Mar. 27. . .
June 30
Sept. 24
Dec. 31 - .

1

Member banks outside New York City

249, 281
339, 525
233, 514
124,100

212, 808
161, 766
104,949
62, 913

39,030
44,833
25,105
12,229

166, 777
113,089
76,934
44,337

7,001
3,844
2,910
6,347

Central reserve city banks only.

NOTE.—Purchased acceptances only—i. e., exclusive of own acceptances held, which are reported in
"all other" loans (see Table 53).
No.

70.—DISTRIBUTION

OF DOLLAR

BANKERS'

ACCEPTANCES

OUTSTANDING

[In thousands of dollars]
HeldbyFederalreserv
End of month (1931)

Total outstanding
Total

January
February. _.
March
April
May...
June
July
August
September..
October
NovemberDecember..

1,520,190
1,519,857
1,466,737
1,422,022
1,412,515
1,368,373
1,228,202
1,090,400

536,709
541,053
554,019
570,494
504,558
435,796
281,955

1,039,785
1,002,305
974,059

519,841
746,596
544,715
555,879

For forFor own eign coraccount1 respond- Own bills
ents 2
89,265
85,015
123,240
161,578
124,380
94,951,
38,981
70, 111
419,723
647,263
418,326
305,258

447,444
456,038
430,779
408,916
380,178
340,845
242,974
227,988
100,118
99,333
126,389
250,621

133,955
151,356
130,934
124,983
171,398
196,165
231,687
167,991
161,568
112,330
124,725
131,020

Bills
bought
437,449
398,192
341,312
285,266
292, 765
357,354
436,347
438,478
248,327
118,077
171,436
131,072

Held b y
others

412,077
429,256
440,472
441,279
443,794
379,058
278,213
185,832
66,629
62,782
161,429
156,088

1
Reserve bank holdings of "bills bought," exclusive of (1) trade acceptances and (2) bills payable in
foreign currencies.
2 Contingent liability of Federal reserve banks on bills bought for foreign correspondents.
Back figures—See Annual Reports for 1930 (Table 64), 1929 (Table 58), and 1928 (Table 61).




124

ANNUAL REPORT OF THE FEDERAL, RESERVE BOARD

BANK DEBITS
No,

71.—DEBITS

TO

INDIVIDUAL

ACCOUNTS,

BY

BANKS IN

141

PRINCIPAL

CITIES, BY MONTHS, 1922-1931.
[In millions of dollars]
Month

1922

1923

1924

1925

1926

1927

1928

1929

62, 885
54,493
70, 633
67, 003
71, 616
72, 485
58, 981
58, 504
63,176
72, 894
71, 349
82, 386

82,814
70,777
83,524
74,750
76,535
69,666
77,631
77,344
77,617
95,527
82,090
66, 752

1930

1931

60, 423
52, 625
65, 723
62,946
61,811
62, 312
52, 744
45, 993
48,636
54,460
42,176
52,107

46, 253
38,031
47, 011
46,440
43,930
45, 299
39, 451
34,027
36, 700
38, 802
29,069
36, 345

TOTAL, 141 C I T I E S
January
February-.
March
April
May
June
July
_.-.
August
September.
October
November.
December..

34,944
30,585
36,932
37,976
39, 236
36, 056
34,136
35. 768
40, 745
36,160
40,437

T o t a l . . . . 439, 364

41, 753
35,925
42,185
39, 294
40, 072
40, 574
36, 504
33,496
34, 060
38, 911
38, 504
42,448

41,498
37, 398
40, 739
39, 519
40, 044
40, 230
40,131
38, 692
38, 972
43,418
41, 893
49,157

463,726 ! 491,691

49, 982
41, 517
47, 623
44, 558
46, 596
48, 631
47, 037
43,134
45, 264
52, 955
48, 367
54, 399

54,145
44,915
56,464
51,837
48, 020
50, 662
50, 959
47, 011
46, 954
52, 535
47, 384
57, 070

570, 064 607,956

54,714
48, 220
58,518
55, 583
54,143
56, 820
53, 682
53, 702
56, 750
59, 201
57,085
65, 441

673, 861 806, 405 935,027

661, S57 481,357

140 CITIES (EXCLUDING NEW YORK CITY)
January
February. _
March
April
May..
June..
July...
August
September.
October—
November .
December..
Total

15,879
14,042
16, 535
15, 671
16,322
17,173
16, 343
15, 849
16, 553
18,423
17,133
19, 586

19, 666
16, 906
19, 644
18, 816
19, 368
19, 532
18,184
17, 307
17, 261
19, 759
18, 521
20, 367

19, 384
17, 512
19,193
18, 865
18, 639
18, 304
18, 662
17, 776
18, 238
20, 912
18, 846
21, 830

199,509

225,330

228,161

22, 301
18, 593
21, 240
20, 613
20,417
21, 702
21, 580
19, 869
20, 895
24, 039
21, 357
24, 085

23, 607
20,102
23,458
22, 537
21, 449
22, 466
23, 300
20, 778
21, 336
23. 780
21,593
24,493

256, 691 268,900

23,456
20, 781
24, 026
23, 576
22,873
23, 812
22, 932
22, 048
23, 381
25, 111
23,803
26, 503

25,001
21, 753
25, 847
25, 225
26, 346
27, 029
23, 897
23,401
24,450
27, 705
25, 880
20, 659

28,095
24,489
28,099
26,770
26,492
26,404
28,416
28,310
27,274
32,202
28,486
26,902

282, 303 306,193

331,938

25, 691
21, 508
24, 983
24,315
24,388
24,621
23,145
20, 941
21, 253
23, 679
19,686
23,107

21, 697
17, 084
19, 421
19, 620
18,858
19, 406
18, 444
16, 526
16, 627
18,125
14, 605
17,112

277, 317 217, 523

Back figures.—See Annual Report for 1925 (Table 100); series begins with 1919. Corresponding figures
for each Federal reserve district and for each reporting center are available in mimeographed form beginning with 1919 and may be had upon request.
NOTE.—Figures represent debits on the books of reporting banks to accounts of individuals, firms, and
corporations, and of the United States Government, including war loan deposit accounts, also debits
to savings accounts, payments from trust accounts, and certificates of deposits paid. Figures do not
include debits to the accounts of other banks or in settlement of clearing-house balances, payment of
cashiers' checks, charges to expense and miscellaneous accounts, corrections, and similar charges. Monthly
figures are derived from weekly reports, the figures for weeks which do not fall entirely within a single
calendar month being prorated.




ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

125

BANK SUSPENSIONS
No. 72.—BANKS SUSPENDED AND REOPENED, BY YEAKS, 1921-1931
[Banks closed on account of financial difficulties by order of supervisory authorities or by the directors
of the bank. Figures of suspensions include banks subsequently reopened]
Banks reopened

Banks suspended
Class of bank and year
Number
All banks:
1921 .
1922
1923
1924
1925
1926
1927
1928
1929
1930 ..
1931

.--_

-.

Total

Total




Number

Capital

Deposits

60 $1, 918,000 $17, 493,000
65 4, 003,000 35,565,000
37 1,516,000 11,674, 000
94 2, 815, 000 22, 462, 000
62 1, 994,000 16, 618,000
149 5,134, 000 60,610, 000
95 3, 906, 000 35, 729, 000
39 1, 540, 000 15, 727, 000
58 3, 052, 000 25,829, 000
147 6, 802, 000 61, 599, 000
276 19,102, 000 158,187, 000
1,082

51, 782, 000 461, 493, 000

42, 503, 000
24, 243, 000
51, 228, 000
74, 469, 000
67, 264, 000
68, 812, 000
66, 336, 000
42, 240, 000
57,135, 000
380, 440, 000
733, 528, 000

10
24
14
20
14
14
11
5
5
7
31

3,132, 000
475, 000
1, 580, 000 11, 618, 000
5,068, 000
685,000
7,190, 000
860, 000
6, 779, 000
800, 000
710, 000
8,179, 000
845, 000
8, 311,000
325, 000
6, 610, 000
285, 000
2, 273, 000
450, 000
3,538, 000
7, 215, 000 53, 944, 000

199, 569, 000 1, 608,198, 000

155

14, 230, 000 116, 642, 000

1,698

5, 369, 000
3, 956, 000
6, 845, 000
10, 305, 000
9, 920, 000
8, 569, 000
8, 034, 000
5, 175, 000
7,125, 000
50, 410, 000
83, 861, 000

51
45
90
122
118
125
91
57
64
161
409

._.

3, 060, 000
3, 335, 000
4, 610, 000
7, 660, 000
7, 970, 000
6, 020, 000
5, 415, 000
4, 200, 000
5, 095, 000
19, 675, 000
49, 347, 000

21,285, 000
19, 092, 000
32, 904, 000
60, 889, 000
58, 537, 000
47, 866, 000
46, 581, 000
31, 619, 000
37, 007, 000
173, 290, 000
439,171, 000

22
11
18
11
10
8
2
3
5
25

325, 000
2,499, 000
1, 330, 000 8, 076, 000
570, 000
3, 973, 000
785, 000
6, 895, 000
700, 000
6, 300, 000
490, 000
4, 665, 000
485,000
5, 073, 000
75,000
417,000
160, 000
1, 607,000
310, 000
1, 872, 000
3,165, 000 26,182, 000

1,333

Total

Nonmember banks:
1921
1922
1923
1924
1925
1926
1927
1928
1929 . .
1930
1931

501 $22,802, 000 $196, 460,000
110, 721,000
354 13, 743,000
648 21, 943, 000 188, 701, 000
213, 338, 000
776 28, 358,000
172, 900, 000
612 24,441,000
956 32, 804, 000 272, 488, 000
662 24, 763, 000 193, 891, 000
491 19, 715, 000 138, 642, 000
642 32, 254, 000 234, 532, 000
1,345 111, 643, 000 864, 715, 000
2,298 208,120, 000 1, 691, 510, 000

70
57
124
159
146
160
124
73
81
187
517

National banks—
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

Total

Deposits

9,285 540, 586, 000 4,277, 898, 000

Total
Member banks:
1921
1922
1923 .
_
1924
1925 .
1926
1927 _
1928
1929
1930
1931

State banks—
1921
1922
1923 .
1924
1925
1926
1927
1928
1929
1930
1931 .
_

Capital

116, 387, 000

968, 241, 000

123

8, 395, 000 67, 559, 000

19
12
34
37
28
35
33
16
17
26
108

2, 309, 000
621, 000
2, 235, 000
2, 645, 000
1, 950, 000
2, 549, 000
2, 619, 000
975, 000
2, 030, 000
30, 735, 000
34, 514, 000

21, 218, 000
5,151, 000
18, 324, 000
13, 580, 000
8, 727, 000
20, 946, 000
19, 755, 000
10, 621, 000
20,128, 000
207,150, 000
294, 357, 000

365

83,182, 000

431 17, 433, 000
9, 787, 000
297
524 15, 098, 000
18, 053, 000
617
466 14, 521, 000
796 24,235, 000
538 16, 729, 000
418 14, 540, 000
561 25,129, 000
1,158 61,233, 000
1,781 124,259, 000

2
2
6

150, 000
250, 000
115,000
75.000
100, 000
220, 000
360, 000
250, 000
125, 000
140, 000
4, 050,000

633, 000
3,542, 000
1, 095, 000
295, 000
479, 000
3, 514, 000
3, 238,000
6,193, 000
666, 000
1, 666, 000
27, 762, 000

639, 957, 000

32

5,835, 000

49, 083, 000

153, 957, 000
86, 478, 000
137, 473, 000
138, 869, 000
105, 636, 000
203, 676, 000
127, 555, 000
96, 402, 000
177, 397, 000
484, 275, 000
957,982, 000

50
41
23
74
48
135
84
34
53
140
245

1, 443, 000
2,423, 000
831, 000
1, 955, 000
1,194, 000
4, 424, 000
3, 061, 000
1, 215, 000
2, 767, 000
6, 352, 000
11, 887,000

14, 361, 000
23, 947, 000
6, 606, 000
15, 272, 000
9, 839, 000
52, 431, 000
27, 418, 000
9, 117, 000
23, 556, 000
58, 061, 000
104,243, 000

7,587 341, 017, 000 2, 669, 700, 000

2
3
2 1
3
4
3

927 37, 552, 000 344,851, 000

126

A N N U A L REPORT OF T H E FEDERAL RESERVE BOARD
No.

7 3 . — B A N K SUSPENSIONS,

BY MONTHS,

1927-1931

[Amounts in thousands of dollars]
Member banks
Nonm ember
ba oks

All banks
Total

Month
Number
1927
January
February
March __
April
May
June.
__ __ __
Julv
August
September
October _
November
December
1928
January
Februar y
March
ApriL
May
June
July__ __
August
September
October
November
_._
December . .

Deposits

National

State

Number

Deposits

11,555
8,744
7,700
5,462

18
14
11
6

5,662
7,566
5,501
3,769

9
2
5
4

5,893
1,178
2,199
1,693

6,434
5,521
2,638
8,881

8
8
2
4

5,564
1,932
2,638
8, 670

3
1

870
3,589

Num
ber

NumDeposits
ber

133
81
75
49

32,038
25,157
31, 222
11, 750

47
41
37
27
36
44
43
49

13,198
10, 784
12, 162
17,364

27
16
16
10
11
9
2
5

1

8,988
11, 542
11,210
8,476

6
9
6
7

1,257
3,729
3,105
1,310

2
7
5
6

504
2,101
1,413
1,261

4
2
1
1

53
50
66
43

10, 983
18, 352
16, 953
8,190

8
11
9
6

2,552
9,373
3,026
2,446

7
7
6
5

1,736
3, 162
1,783
2,294

29
28
24
21

6,394
] 3, 496
5,368
6,147

1,927
1,819
413
1,944

5
1
1
4

20
41
72
44

7,888
9,011
24, 784
11, 076

5
2
2
4
4
3
9
10

2,997
803
11,021
3,919

54
60
51
29

16, 413
21, 746
9,002
7,790

6
14
8
4

112
48
69
17

24, 090
19, 219
66, 161
8,532

39
43
68
52

10, 050
13, 153
22, 646
15,730

99
85
76
96

28,
32,
23,
33,

Deposits

Number

Deposits

106
65
59
39

20, 483
16, 413
23, 522
6,288

211

36
32
35
22

6,764
5, 263
9,524
8,483

753
1,628
1,692
49

30
35
37
42

7,731
7,813
8,105
7,166

1
4
3
1

816
6,211
1,243
152

45
39
57
37

8,431
8,979
13, 927
5, 744

1,927
1,620
174
1,944

1
1

199
239

24
26
22
17

4,467
11, 677
4,955
4,203

3
2
8
8

2,430
320
10, 609
3,620

1
1
1
2

567
483
412
299

16
38
63
34

4,891
8,208
13, 763
7,157

8,963
3,922
2,045
1,681

4
12
7
3

8,461
3,419
1,865
1,654

2
2
1
1

502
503
180
27

48
46
43
25

7,450
17, 824
6,957
6,109

7
7
11
3

4,458
2,661
21, 935
879

6
6
9
2

3,835
2,335
7,803
284

1
1
2
1

623
326
14,132
595

105
41
58
14

19, 632
16, 558
44, 226
7,653

3
5
4
9

1,269
4,067
2,226
3,029

3
4
1

1,269
3,781
353
1,948

1
3
2

286
1,873
1,081

36
38
64
43

8,781
9,086
20, 420
12, 701

903
800
769
388

13
18
10
7

8,491
14, 236
8,283
3,322

9
17
9
5

3,216
14,186
7,757
2,911

4
1
1
2

5, 275
50
526
411

86
67
66
89

20. 412
18, 564
15, 486
30,066

55
66
65
67

19,315
70, 566
32, 333
21, 951

3
10
9
9

2,220
16, 904
11, 155
3,561

3
9
9
8

2,220
16, 439
11,155
3,044

1

465

1

517

52
56
56
58

17, 095
53, 662
21,178
18,390

66
72
254
344

23, 666
24 599
186, 306
367,119

9
10
33
56

1,940
3 336
98,115
208, 877

7
10
26
49

1,769
3,336
62, 373
44, 884

2

171

7
7

35, 742
163, 993

57
62
221
288

21, 726
21,263
88,191
158, 242

202
77
86
64

76, 553
34, 616
34, 320
41, 683

26
20
19
20

22,184
13, 723
11,007
21, 762

14,569
5, 822
10, 899
19, 498

6
5
1
3

7,615
7,901
108
2,264

176
57
67
44

54, 369
20,893
23, 313
19,921

91
167
93
158

43,210
190, 480
40, 745
180, 028

26
36
18
41

17, 375
70, 802
8,850
84, 289

20
15
18
17
24
26
16
29

12, 320
31, 368
7,045
31, 629

2
10
2
12

5,055
39, 434
1,805
52, 660

65
131
75
117

25,835
119,678
31,895
95, 739

305
522
175
358

233, 505
471, 380
67, 939
277,051

62
125
43
81

109, 718
228, 347
32, 255
113,216

46 79, 446
100 111,088
35 28,039
63 87,448

16
25
8
18

30, 272
117, 259
4,216
25, 768

243
397
132
277

123, 787
243,033
35, 684
163,835

•

1929

January
February
March
April.
May.
June
.
Julv
August
._
September
October
November
December
1930
January
February
March
_ .
April
May
June
July
August
September
October
November
December
1931
January
February
_
March
April...
May
June
July
August
September
October
November
December


Backfigures.—SeeAnnual Report for 1928 (Table 64).


127

BANK SUSPENSIONS

No. 74.—BANK SUSPENSIONS: NUMBER, CLASSIFIED ACCORDING TO CAPITAL
STOCK
B a n k s having capital
stock of—

1931

Total

548
513
220
457
285
227
16

3,218
2,119
845
1,663
820
432
52
136

2,298

9,285

1921

1922

1923

1924

1925

1926

1927

1928

1929

117
85
39
53
24
15

295
151
49
91
32
16

319
191
55
130
61
15

234
135
46
133
43
18

384
230
100
164
46
16

247
165
60
122
47
13

191
106
38
94
46
11

...

194
104
31
78
47
12
1
4
31

21

14

5

3

16

8

5

223
143
67
120
58
19
25
7

„._..

501

354

648

776

612

956

662

491

642

1,345

National banks:
$25 000
$25,100 to $49,000
$50,000 to $99,000
$100,000 to $199,000...
$200,000 to $999,000...
$1,000,000 and o v e r . . .

23
2
14
9
3

14
5
13
7.
6

41
10
26
9
4

44
9
42
19
8

41
5
46
15
11

46
20
45
12
2

31
6
40
12
2

15
3
24
10
5

15
6
26
13
3
1

56
15
39
30
19
2

102
34
121
89
56
7

428
115
436
225
119
10

__.

51

45

90

122

118

125

91

57

64

161

409

1,333

Less t h a n $25,000
$25,000
$25,100 to $49,000
$50,000 to $99,000
$100,000 to $199,000-. .
$200,000 to $999,000...
$1,000,000 and o v e r . . .

2
3
7
5
1
1

4
5
1
1
1

11
2
14
4
3

9
4
10
12
2

1
11
1
8
5
2

2
5
7
12
7
2

13
4
4
. 8
4

3
2
6
5

4
2
5
5
1

8
2
5
4
3
4

9
11
26
20
27
15

3
79
43
98
76
45
21

19

12

34

37

28

35

33

16

17

26

108

365

194
79
26
57
33
8
3
31

117
67
29
39
16
8

295
99
37
51
19
9

319
138
42
78
30
5

233
83
40
79
23
5

382
179
73
107
27
12

247
121
50
78
27
7

191
88
33
64
31
6

21

14

5

3

16

8

5

223
124
59
89
40
16
3
7

466
232
123
177
97
48
5
10

548
402
175
310
176
144
10
16

3,215
1,612
687
1,129
519
268
21
136

431

297

524

617

466

796

538

418

561

1,158

1,781

7,587

All banks:
Less t h a n $25,000
$25,000
$25,100 to $49,000
$50 000 to $99,000
$100,000 to $199,000...
$200,000 to $999,000-.$1 000 000 and over

Not available
Total--,

Total
State member banks:

Total.
Nonmember banks:
Less t h a n $25,000
$25,000 .
.
$25,100 to $49,000
$50,000 to $99,000
$100,000 to $199,000--$200,000 to $999,000--.
$1,000,000 and over
Not available
Total

1930

466
296
140
221
131
70
3 11
10

1 Includes 1 bank with capital of $1,309,000.
Includes 1 bank with capital of $1,225,000.
3 Includes 1 bank each with capital of $1,218,000, $1,750,000, $2,500,000, $4,000,000. $4,877,000, and $25,250,000.
4
Includes 1 bank each with capital of $1,300,000, $1,400,000, $1,525,000, $1,750,000, $1,910,000, and $2,000,000;
4 banks each with capital of $1,500,000; 2 banks each with capital of $2,500,000; and 3 banks each with capital
of $3,000,000.
2

No. 75.—BANK SUSPENSIONS, BY SIZE OF TOWN OR CITY, 1921-1931
Number of suspensions
Places with population
of—
1921
Less t h a n 500
500 to 1,000
1,000 to 1,500
1,500 to 2,500
2,500 to 5,000
5,000 to 10,000
10,000 to 25,000

_
.

25,000 and over
Total _




1922

1923

1924

1925

1926

1927

1928

1929

1930

1931

Total

181
99
47
39
33
32
21
49

120
75
23
44
30
18
12
32

331
104
58
55
35
24
14
27

335
158
71
75
55
28
22
32

226
130
67
56
60
32
18
23

372
204
115
88
79
30
22
46

266
142
61
65
53
22
30
23

207
93
48
52
33
18
17
23

240
128
77
63
35
35
24
40

442
278
128
137
119
60
57
124

666
402
202
225
214
140
134
315

3,386
1,813
897
899
746
439
371
734

501

354

648

776

612

956

662

491

642

1,345

2,298

9,285

128

ANNUAL REPORT OP T H E FEDERAL RESERVE BOARD

CHANGES IN MEMBERSHIP IN THE FEDERAL RESERVE
SYSTEM
No.

76.—CHANGES IN MEMBERSHIP, BY CLASS OF MEMBER, 1930

AND 1931

Number of member banks
Procedure effecting change

Total
1930

Active member banks, first of year
Additions to membership: 2
Organization of national bank
Conversion of nonmember bank to national . . .
Admission of State bank
Resumption following suspension
Conversion within the system 3
_.
Total additions 2
Decreases in membership:
Merger between member b a n k s National and National or State member and
State member
National and State member .
Voluntary liquidation (terminal)
Suspension and insolvency.
_
•
Absorption of member bank by nonmember bank.
Conversion of member bank to nonmember bank
Withdrawal of State bank
Conversion within the system 3
_ _
Total losses._
Net decrease
Active member banks, end of year

State

National

1931

8, 522 i 8,050

1930

1931

1930

7,403

i 7,031

1,119

1,019

1931

33
35
18
7

15
7
23
31

33
35

15
7

5
2

25
1

18
2
3

23
6

93

76

75

48

23

29

158
41
4
187
109
25

168
41
9
517
106
19
20

143
22
3
161
96
19

151
26
8
409
98
19

15
19
1
26
13
6
* 41
2

17
15
1
108
8

170

441

3

20
1

565

880

447

711

123

472

804

372

663

100

141

i 8,050

7,246

i 7,031

6,368

1,019

878

i Exclusive of 2 banks which suspended in 1930 but which were included in the comptroller's Dec. 31,
1930, abstract.
» Exclusive of 197 nonmember banks absorbed by member banks in 1931 and 165 in 1930, which increased
the assets but not the number of member banks.
3
Conversions between 2 classes of member banks, without effect on the number of banks in the system.
4
Includes 2 compulsory withdrawals.
Back figures—See Annual Reports for 1930 (Table 71), 1929 (Table 65), 1927 (Table 117), 1926 (Table 97),
and 1925 (Table 93).




129

EARNINGS AND EXPENSES OF MEMBER BANKS

EARNINGS, EXPENSES, AND DIVIDENDS
BANKS
No. 77.—MEMBER BANKS—EARNING ASSETS, CAPITAL

OF

MEMBER

FUNDS, AND

PROFITS,

1923-1931
Amounts l (in thousands of dollars)

Total
All member banks:
1923
1924
1925
1926
1927
1928
1929.
1930
_
1931
National member banks:
1923...
1924
1925
1926
1927
.._.
1928
1929
1930
1931
State member banks:
1923
-.
1924
1925
1926
1927
1928
1929
1930
1931

Earning
assets
per $1 of
capital
funds

Net
profit
per $100
of earning
assets

4.380,074
4,491,663
4,589,294
4,820,129
5,162,702
5, 622, 312
6,360,306
6, 722, 782
6,395,866

$5.98
6.12
6.47
6.46
6.34
6.18
5.62
5.26
5.23

$1.29
1.32
1.41
1.39
1.36
1.45
1.56
.87
.04

$7.69
8.04
9.14
8.95
8.66
8.96
8.75
4.56
.19

4,988,576 2,890,930
5,225,984 | 2,916,791
5,700,904 2,970,453
5,782,859 3,077,183
6,399,593 3, 254, 507
7,068,684 3, 543, 609
6,744,178 3, 750, 521
6,811,587 3,913,450
7,447,230 3,746,961

5.78
5.90
6.20
6.22
6.25
6.17
5.80
5.50
5.49

1.16
1.24
1.32
1.28
1.26
1.33
1.34
.73
* -.27

6.72
7.33
8.22
7.96
7.91
8.21
7.77
4.04
*-1.47

2,686,451
2,901,443
3,163,880 !
3,225,893 i
3,350,339 I
3,499,518
3,368,295
3, 565, 603
4,252, 272

6.37
6.50
6.95
6.88
6.50
6.19
5.35
4.93
4.86

1.50
1.44
1.56
1.55
1.53
1.66
1.90
1.07
.52

6.72
9.37
10.83
10.70
9.94
10.25
10.16
5.28
2.54

Principal earning assets

Year ending Dec. 31

Loans

Invest-

Capital
funds 3

ments

26, 206,988
27,474,727
29, 673,891
31,132,149
32,755,971
34, 721,879
35,727,128
35,395,412
33, 431, 791

18,531,961 7,675,027
19,347,300 8,127,427
20,809,107 8,864,784
22,123, 397 9,008,752
23,006,039 9,749,932
24,153,677 10,568, 202
25,614,655 10,112,473
25,018, 222 10,377,190
21, 732, 289 11,699, 502

16,713,739
17,233,431
18,430, 579
19,135,960
20, 349, 562
21,858,250
21,751, 748
21, 538, 524
20, 564,446

11,725,163
12,007,447
12,729,675
13, 353,101
13, 949,969
14, 789, 566
15,007, 570
14, 726,937
13,117,216

9,493, 249 6,806,798
10, 241, 296 7,339,853
11, 243, 312 8,079,432
11,996,189
8,770, 296
12,406,409
9,056,070
12,863, 629 9,364, 111
13,975, 380 10, 607,085
13,856,888 10,291,285
12, 867,345 8, 615,073

Ratios 2

1,489,144
1, 574, 872
1,618,841
1,742,946
1,908,195
2,078, 703
2, 609, 785
2,809,332
2,648,905

Net
profit
per $100
of
capital
funds

* Figures are averages of amounts for call dates during year.
For explanation of these ratios, see Federal Reserve Bulletin for December, 1928, pp. 826-828.
Capital, surplus, undivided profits, and reserves for dividends, contingencies, etc., including, in 1923 and
1924 only, reserves for taxes, interest, etc., accrued.
* Net loss.
2
3




130

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 78.—MEMBER BANKS—RATIOS OF EARNINGS, EXPENSES, ETC., TO AVERAGE
EARNING ASSETS, 1923-1931
[Amounts per $100 of earning assets]
Gross earnings
Year ending Dec. 31
Total
All member banks:
1923
1924
1925
1926
.-.
1927
1928
1929
__
1930
1931--.
National member banks:
1923
.
- --1924
1925
1926
1927
192S
1929
1930
1931
State member banks:
1923
1924
.
192,5
192(3
1927.
1923
1929
1930___
_
1931

Interest
earned

Expenses

Total

Losses

Interest
paid on
deposits

Total

Net

Net
profits

$6.56
6.50
6.46
6.51
6.47
6.58
6.92
6.30
5.72

$5.70
5.51
5.44
5.49
5.34
5.49
5.79
5.24
4.73

$4.70
4.66
4.61
4.63
4.63
4.65
4.71
4.53
3.99

$2.09
2.16
2.17
2.16
2.18
2.16
2.13
2.12
1.74

$0.79
.72
.65
.67
.64
.63
.83
1.03
1,86

$0.57
.53
.44
.50
.48
.48
.65
.90
1.69

$1.29
1.32
1.41
1.39
1.36
1.45
1.56
.87
= 04

6.37
6.35
6.29
6.33
6.34
6.41
6.64
6.33
5.81

5.76
5.57
5.51
5.54
5.44
5.54
5.73
5.41
4.91

4.53
4.50
4.46
4.48
4.52
4.52
4.54
4.59
4.12

1.97
2.07
2.08
2.07
2.12
2.10
2.07
2.14
1.83

.93
.81
.74
.76
.73
.72
.92
1.15
2.13

.67
.60
.51
.57
.56
.56
.76
1.01
1.95

1.16
1.24
1.32
1.28
1.26
1.33
1.34
.73
i —.27

6.90
6.76
6.75
6.81
6.70
6.86
7.38
6.24
5.58

5.59
5.41
5.34
5.41
5.17
5.40
5.88
4.99
4.45

5.00
4.93
4.85
4.88
4.81
4.87
4.98
4.45
3.79

2.30
2.33
2.32
2.31
2.27
2.25
2.21
2.08
1.58

.55
.56
.51
.51
.49
.46
.68
.84
1.43

.40
.40
.34
.38
.36
.34
.50
.72
1.27

1.50
1.44
1.56
1.55
1.53
1.66
1.90
1.07
.52

i N e t loss.
NOTE.—For explanation of these ratios, see Federal Reserve Bulletin for December, 1928, pp. 826-828.




131

EARNINGS AND EXPENSES OF MEMBER BANKS

No. 79.—MEMBER BANKS—EARNINGS, EXPENSES, AND DIVIDENDS, 1923-1931
[In thousands of dollars]
Gross earnings

Expenses
Interest paid

Year ending Dec. 31
Total

All member banks:
1923
1924
1925
1926
1927
1928
1929
1930___
1931__.
National member
banks:
1923
1924
1925
1926
1927
1928
1929
1930-1931
State member banks:
1923
1924
1925
1926
1927
1928
1929
_
_.
1930__
1931

Interest
earned

All
other

Salaries
On bor- and
On de- rowed wages
posits money

Total

All
other

1,232,654 547,910
1,280, 524 594,432
1,367,318 643,158
1,441,745 672,927
1, 515, 704 713,038
1,613,811 749,662
1,683,720 759,260
1,604,335 748,992
1, 335, 379 580,910

42,151 335, 680
24,746, 355,018
25,954 372,741
31,350 396,796
24,514 420,128
48,443 440,000
64,265 463,847
22,001 451, 776
19,136 412, 531

102,673
97,341
102,411
105,885
109,778
113,759
112,476
113,418
86,367

204,240
208,987
223,054
234,787
248,246
261,947
283,872
268,148
236.435

329,304
356,311
382,483
395,352
431,763
459,819
450, 258
461,311
377,281

29,641 205,391
17,001 213,994
17,172 223,756
20,089 235,969
15,429 253,634
29,184 269,429
37,350 271,103
12,807; 277,798
11,613! 257,074

69,873
64,676
66,645
68,270
69,219
69,872
64,333
68,373
53,110

123,593
124,088
132,199
137,085
148,771
159,435
164,096
167,740
149,176

218,606!
238,121
260,675
277,575
281,275
289,843
309,002
616, 306 287,681
487,125 203,629

12,510 130, 289
7,745 141,024
8,782 148,985
11,261 160,827
9,085 166,494
19,259 170,571
26,915! 192,744
9,194 173,978
7,523 155,457

32,800
32,665
35,766
37,615
40,559
43,887
48,143
45,045
33,257

80,647
84,899
90,855
97,702
99,475
102,512
119,776
100,408
87,259

1,719,360
1,786,471
1,918,094
2,027,752
2,120,277
2,283,998
2,474,099
2, 228,774
1,911, 502

1,493,755 225,605
1, 514,500 271,971
1,615,595 302,499
1,710,492 317,260
1, 749,008 371.269
1,905, 728 378.270
2,068,901 405,198
1,857, 514 371, 260
1, 581,905 329, 597

1,064,295
1,093,832
1,159,595
1,210,911
1,289,297
1,401,471
1,443,303
1,363,928
1,194,140

963,443
960, 601
1,015,352
1,060,589
1,107,242
1,211,259
1,247,125
1,165, 550
1,009,829

100,852
133, 231
144,243
150,322
182,055
190,212
196,178
198, 378
184, 311

757,802
776,070
822,255
856,765
918,816
987,739
987,140
9S8, 029
848,254

655,065
692,639
758,499
816,841

530,312
553,899
600,243
649,903
641, 766
694,469
821,776
691,964
572, 076

124,753
138,740
158,256

882, 527
1,030,796
864,846
717,362

Taxes

474,852
504,454
545,063
584,980
596, 888
626,072

189,214
188,058
209,020
172,882
145,286
Losses

Year ending Dec. 31

All member banks:
1923
1924
1925
1926
1927
1928
1929
1930
1931
National member

banks:

1923
1924
1925.
1926
1927
1928
1929
1930
1931
State member banks:
1923
1924
1925
1926—
1927.
1928
.
1929
_
.
1930
1931-.

Net
earnings

Total

On
loans

On
investments

All
other

207,127
197,343
193,099
207,530

143,011
133,079
128,774
124,885
123,745
119,290
139,588
194,725
295,241

36,411
33,196
35,127
35,909
37,284
45,293
95,465
109,028
264,170

Recoveries

Net
losses

profits

Net

Dividends
declared

486,706
505,947
550,776
586,007
604,573
670,187
790,379
624,439
576,123

217,194
295,473
365,314
620,456

27,705
31,068
29,198
46,736
47,664
52,611
60,420
61,561
61,045

57,307
52,739
61,806
53,006
51,129
50,875
61,608
47,377
56,594

149,820
144,604
131,293
154,524
157,564
166,319
233,865
317,937
563,862

336,886
361,343
419,483
431,483
447,009
503,868
556,514
306,502
12,261

257,933
258,044
272,686
284,809
312,680
327,422
408,628
371,968
335,792

306,493
317,762
337,340
354,146
370,481
413,732
456,163
375,899
345,886

154,753 108,819 26,450 19,484
97,582
18,708
140,250
92,127 23,692 20,450
136,269
88,017 26,261 31, 553
145,831
91,214 25,665 31,346
148,225
88,077 34,455 35,722
158,254
93,680 63,304 43,649
200,633
248,618 135,085 71,202 42,331
437,016| 212,575 184,290 40,151

42,642
36,270
43,122
36,662
35,027
35,282
35,854
30,887
36,234

112, 111
103,980
93,147
109,169
113,198
122,972
164,779
217, 731
400,782

194,382
213,782
244,193
244,977
257,283
290,760
291,384
158,168
-54,896

166,492
162,636
171,324
176,421
197,555
204,612
247,317
215,992
193,696

14,665 37,709
16,469 40,624
18,684 38,146
16,344 45,355
16,102 44,366
15,593 43,347
25,754 69,086
16,490 100, 206
20,360 163,080

142,504
147,561
175,290
186,506
189,726
213,108
265,130
148,334
67,'"

91,441
95,408
101,362
108,388
115,125
122,810
161,311
155,976
142,096

180,213 52,374
188,185 57,093
213,436 56,830
231,861 61,699
234,092 60,468
256,455 58,9401
334,216 94,840
248, 540 116,6f
230,237 183,440


* Net loss.


34,192
35,497
36,647
36,868
32, 531
31,213
45,908
59,640
82,666

9,961
9,236
11,435
9,648
11,619
10,838
32,161
37,826
79,880

8,221
12,360
8,748
15,183
16,318
16,889
16,771
19,230!
20,894|

BANKING CONDITIONS
IN FEDERAL RESERVE DISTRICTS
AND STATES




133

CONDITION OF EACH FEDERAL RESERVE BANK
No. 80.—BILLS DISCOUNTED FOR MEMBER BANKS 1 —HOLDINGS
FEDERAL RESERVE BANK, BY MONTHS, 1927-1931
[Monthly averages of daily figures. In millions of dollars]

OF EACH

Federal reserve bank
Month

Boston

New Phila
delYork phia

Cleve Rich- Atland mond lanta

1927
January
February
March
April
May
June..
July
August
September
October
November
December

33.4 118.3
29.0 91.2
35.8 112.2
23.2 121.6
37.1 137.8
33.8 91.9
29.7 122.9
29.9 118.4
28.4 142.4
33.3 126.9
36.4 106.5
40.2 171.1

43.7
35.7
41.0
43.7
45.8
45 2
46.8
39 6
38.2
38.4
38.1
47.9

61.5
38.9
31.7
53.9
43.6
41.8
35.4
27.8
34.8
43.7
46.8
58.6

22.5
23.4
22.1
22.5
25.5
22.4
21.8
19.7
26.3
28.9
21.5
24.4

34.2
26.8
31.7
34.1
34.6
32.6
36.3
34.7
31.1
26.0
32.7
36.1

1928
January
February
March _
April -._
May
June
July
August
September
October
November
December

23.5 152.9
45.2 119.3
49.5 130.0
44.4 210.9
59.6 296.9
84.8 376.1
68.0 382.6
61.1 321.3
50.9 352.3
45.9 300 7
50.6 238.1
65.0 298.7

44.4
53.1
49.2
52.7
60.4
80.2
93.8
99.1
106.5
93 7
79.3
91.3

51.0
50.8
57.0
60.8
68.4
89.3
100.8
80.1
77.8
75.5
85.6
108.0

26.9
27.3
27.8
34.6
43.0
48.0
54.9
56.6
57.2
47.8
42.5
40.8

1929
January
February . _
March
April
May
._
June
July
August
September
October
November
December

60.4
61.9
58.6
75.8
96.5
99.4
78.4
79.5
71.3
60.7
46.9
40.4

245.9 73.1 79.7
216.3 85.5 84.7
231.5 101.6 76.0
264.6 110.0 96.6
234.5 86.7 93.8
251.2 84.7 90.9
408 6 77.3 84.0
303.3 92.8 79.7
230.9 90.6 78.8
160.0 78.7 95.2
154.7 106.8 124.4
188.3 80.2 98.4
111.8
70.5
54 3
53.7
58.0
57.1
44.0
47.6
32.2
36.7
42.6
90.3

Chicago

Min- KanSt.
sas
Louis neap- City
olis

Dallas

SanFranCJSCO

19.1
14.6
14.4
16.2
24.0
26.3
29.8
24.7
28.0
21.5
18.1
19.3

4.1
4.0
4.5
6.1
6.7
6.5
6.0
6.1
4.4
2.7
2.6
3.0

10.4
9.3
8.6
11.9
17.3
16.5
12.5
9.3
10.7
15.7
18.1
15.2

5.4
3.1
3.2
4.4
4.7
6.2
7.4
12.7
11.0
7.2
8.4
5.4

37.8
38.6
48.3
53.3
43.1
41.4
45.8
46.1
35.6
43.7
39.1
42.4

29.3 59.0
28.3 50.9
25.2 67.9
38.9 87.6
51.9 109.5
59.8 136.1
68.5 156.7
76.8 159.4
82.9 113.8
79.4 134.1
68.7 138.8
57.8 178.9

16.6
24.0
26.1
33.1
39.0
52.9
55.1
58.8
65.0
49.8
43.9
39.6

3.7
4.0
3.3
10.1
10.6
8.5
12.2
18.5
17.8
18.1
16.0
10.4

12.7
11.4
10.5
18.8
22.9
22.4
23.9
22.7
24.0
31.3
43.1
44.2

4.3
4.1
3.8
8.0
9.0
11.3
16.7
29.8
29.6
25.3
21.3
17.9

41.0
52.3
63.1
61.3
64.3
49.4
56.5
76.7
86.5
73.5
69.6
60.3

40.7
41.0
43.4
52.6
58.1
56.6
57.5
59.6
60.1
53.1
51.9
41.8

58.5
55.8
51.7
63.6
73.4
65.9
69.0
75.1
69.6
57.6
59.1
43.0

142.7
165.9
210.6
133.4
109.8
135.9
122.1
120.0
103.9
120.2
139.3
133.0

37.4
37.8
48.1
51.8
48.7
49.9
55.8
67.2
72.7
54.7
47.1
30.9

12.0
12.8
15.6
19.3
18.1
15.2
17.4
24.3
34.4
41.2
28.6
17.4

33.3
32.5
31.8
38.8
49.1
48.3
35.3
33.7
38.8
44.6
57.7
45.9

20.6
19.2
14.8
18.6
23.1
22.3
30.2
43.4
41.3
31.6
30.2
19.1

55.0
75.8
85.0
79.3
64.4
57.7
60.1
64.9
76.4
86.9
106.0
65.0

December

23.9
23.2
21.1
15.6
17.7
17.3
12.6
12.6
11.6
8.9
12.3
17.3

72.8
53.3
31.1
25.7
21.0
23.6
24.9
15.7
14.6
25.0
27.1
37.9

30.8
22.2
16.8
16.0
17.2
19.7
19.8
21.4
20.0
18.9
21.7
33.1

31.7
25.3
21.6
18.8
27.6
30.4
28.9
29.9
28.2
24.8
26.6
30.4

87.4
63.0
35.2
22.7
20.6
18.1
19.0
16.5
14.4
15.8
18.5
26.4

17.7
16.7
14.0
13.9
15.5
18.1
16.3
15.1
17.7
17.3
17.4
14.2

7.0
3.0
2.4
3.1
3.8
3.8
4.2
4.4
4.1
4.3
3.8
3.9

28.1
23.0
16.2
12.8
15.2
14.2
10.4
9.2
8.8
10.3
14.0
16.0

13.3
11.9
8.3
7.5
8.7
10.2
11.5
13.9
13.2
10.2
8.4
6.9

22.5
15.1
15.8
13.1
11.8
10.6
10.0
9.5
7.6
6.7
8.9
33.7

1931
JanuaryFebruary
March
April
May
June
July
August
September
October
November
December

11.5 55.7 27.3 28.7
10.7 47.8 24.2 23.1
9.9
41.3 20.6 16.4
41.9
16.0 14.0
8.4
10.6 37.4 18.2 14.1
11.3 33.0 19.4 17.8
9.0
26.0 16.5 15.8
8.9
48.1 18.6 25.0
51.3 31.7 35.8
8.1
17.0 153.2 89.3 78.5
26.0 120.5 108.3 98.9
47.5 167.7 117.5 110.6

22.3
18.3
15.9
13.2
15.9
19.4
17.2
18.5
22.7
35.1
40.5
39.5

23.4
21.6
13.4
11.0
11.0
12.7
13.6
20.4
25.3
37.7
51.0
51.6

25.9
20.5
14.7
12.7
13.5
16.2
12.1
15.9
24.0
50.4
69.9
86.6

11.8
9.4
8.2
7.9
7.4
7.8
8.9
10.6
12.2
18.5
25.9
26.8

4.1
4.0
3.6
3.5
3.9
4.2
4.3
4.6
4.1
6.1
7.4
8.0

17.2
13.6
10.5
9.0
9.5
11.6
9.5
13.1
13.3
24.4
33.8
30.3

5.2
6.2
7.2
7.5
8.5
10.0
10.8
13.3
13.5
20.5
23.0
17.6

19.9
16.3
14.8
9.4
' 12.6
24.6
25.3
25.4
38.1
82.4
89.9
70.9

1930
January.
February - _
March
April
MayJune
July
August
September. _
October. . . _.

53.7
50.5
36.7
28.3
29.8
28.1
24.4
18.2
16.4
17.5
19.6
27.5

90.2
78.5
71.1
56.3
52.7
63.9
59.7
40. 5
31.4
36.5
46.9
65.0

1

Including small amounts of bills discounted for intermediate credit banks, etc.; see Tables 14 and 110.
Back figures.—See Annual Reports for 1928 (Table 72), and 1927 (Table 55).

125554—32;




10

135

136

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 81.—DISCOUNTED BILLS—HOLDINGS OF EACH FEDERAL RESERVE BANK ON
DECEMBER 31, 1931, BY CLASSES
[In thousands of. dollars]
Rediscounted bills

Federal reserve bank Total (all
classes)

Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas Citv
Dallas
San Francisco

43, 205
149,951
116,412

12,069
19,656
38,748

92, 609
33, 377
34, 902

35, 366
19, 750
24, 868

74,496
16,886
7,571

19, 648
1, 287
4,956

27,726
10,416
30, 742
638,293

--

Total..1

Commercial Demand Bankers' Trade
and agri- and sight accept- acceptances
cultural drafts
ances
paper *

Member
banks'
collateral
Paper
notes
secured
secured
by U. S. by U. S.
Govern- Government
ment
obligaobligations
tions

Collateral
notes
otherwise
secured

66
247
385

20
365
27

23,473
112, 111
48,268

7,577
17, 572
28,984

1,229
121
42

633
247
167

47, 862
6,577
3,882

7,498
6,682
5,933

95

130
1
15

450
846
261

49, 822
9,345
814

4,446
5,312
1,525

20,472
7,888
7,708

7

2
71
46

487
17
71

4,081
527
10, 773

2,684
1,906
12,144

212, 416

133

2,355

3, 591

317, 535

102,263

21
10

N o t elsewhere specified.

Back figures—See Annual Report for 1930 (Table 76), 1929 (Table 70), 1928 (Table 73), etc.

No. 82.—DISCOUNTED

BILLS—HOLDINGS OF EACH FEDERAL RESERVE BANK ON
DECEMBER 30, 1931, BY MATURITIES
[In thousands of dollars]
Maturity

Total

Federal reserve bank

Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco
Total

16 to 30
days

31 to 60
days

56, 733
431,827
115,575

Boston ._
New York _
Philadelphia
Cleveland
Richmond
Atlanta
_

Within
15 days
47, 266
417,987
88,427

2,479
4,099
8,217

4,104
5,610
12,147

2,526
3,989
6,608

358
142
176

114, 862
41,447
45, 525

87, 357
27,441
24,126

6,736
4,162
5,724

12,167
5,855
6,280

8,087
3,365
8,422

491
566
948

24
58
25

95, 309
21, 742
7,554

75,743
19, 633
2,671

3,601
368
129

7,324
253
320

6,477
973
2,404

2,015
201
1,644

149
314
386

29, 286
11,407
52, 866

10, 276
4,897
45. 734

1,677
1,675
1,028

3,418
2,218
1,410

5,007
1, 565
1,984

8,226
1,001
2,388

682
51
322

1,024,133

851, 558

39, 895

61,106

51, 407

18,156

2,011

.
-

_
_ _

_
---

61 to 90 91 days to Over 6
days
6 months months

Back figures—See Annual Report for 1930 (Table 77), 1929 (Table 71), 1928 (Table 69), etc.




137

EACH FEDERAL RESERVE BANK
No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL

RESERVE

BANK, BY WEEKS
BOSTON
[In thousands of dollars]

Date

Bills bought in United States
open market Government
securities
Total
bills
Bills
Total
and
discash resecuri- counted Boughi Under Bought Under serves
ties i
out- resale out- resale
right agree- right agreement
ment

1931
Jan.7___
Jan.14._
Jan.21.Jan.28..

83,681
75,256
69,074
66,725

11,504
11,078
10,935
10, 551

Feb.4.__
Feb. 11_.
Feb. 18._
Feb. 25..

65,552
64,852
64, 729
64, 709

10,972
10, 723
10,195
10, 423

7,'
6,554
7,253
7,124

Mar.
Mar.
Mar.
Mar.

4..
11..
18-.
25..

64,535
66,461
65,997
63, 672

9,547
8,777
8,782
10, 565

7,947
10,877
10,812
6,925

Apr.
Apr.
Apr.
Apr.
Apr.

l-._
8___.
15...
22...
29...

70, 587
65, 311
63, 971
70,852
74, 076

11, 576
7,322
7,534
7,160
10, 328

12, 829
11, 547
260
8,793 1,462
8,603 8,907
12, 049 5,517

May
May
May
May

6....
13-.
20...
27...

71, 569
71, 771
71, 313
69,911

9,106
11, 295
11, 687
10, 627

10,112
11,491
11,496

4,182
1,954
1,607

46,182
46,181
46,181

71, 726
70, 927
69,110
72,897

9,870
9,461
11,260
12, 964

11, 256

4,419

46,181

1 . . . . 71,121
8 . . . . 67, 630
15...
2 2 . . . 66, 480
29. _. 67, 683

11, 569
8,359
8,576
8,174
9,376

6,807
5,657
4,599
4,524
4,582

2,471
975
176
320
263

49, 789
52, 204
52, 957
53,162
53,162

June 3
June 10.-.
June 17...
June 24...

July
July
July
July
July

Deposits

Total

Federal
reserve
notes in
ber bank Other circulation
reserve debalances posits

21, 246 2,570 47,511
16,675
120 46,533
11,372
134 46, 533
8,711
810 46, 553

218,859
216,326
221, 365
222, 770

154,000
148,245
144.355
145,393

151,334
144,977
142,557
142,529

2,666
3,268
1,798
2,864

127,006
122,823
128,261
126,583

388
1,022
727
608

46, 553
46,553
46, 554
46, 554

227, 627
226, 606
226, 264
222,, 681

146,346
146,505
147,687
141,942

144,513 1,833
143,999 2,506
144,419 3,268
139,859 2,083

127,734
124,825
123,435
125,341

488 46, 553
439
221 46,182
46,182

230, 717
227,098
229,141
234, 784

149, 277 144,362 4,915
146, 382 144,013 2,369
145,851 145,298
553
145,843 138,605 7,238

125,825
126,550
127,703
132,434

46,182
46,182
46,182
46,182
46,182

226,361
237,014
234, 004
243,727
226, 587

2,728
2,012
2,415
3,173
2,529

134, 524
134,806
134, 435
139,135
136,231

10, 929 5,352 46,182

11; 260 4,026 46,180
8,396 2,689 46,180
7,728 2,416 47, 976

141,455 138, 727
145,931 143, 919
142,457 140,042
152, 536 149, 363
142, 694 140,165
231,103 143, 281 142,328
228, 644 142,342 140,488
228, 203 142, 432 140, 789
227,642 140,883 139, 283
233,424 146, 532 144,092
227,494 142, 505 141, 297
229,508 142, 688 140,048
228,005 146,460 138, 928

953
1,854
1,643
1,600

137,470
137, 226
136,369
135, 738

2,440
1,208
2,640
7,532

137,556
134,781
133,619
133, 285

224, 637
239, 861
231, 785
235,662
231,278

137, 672 134,008
149,491 145, 470
143, 067 137,845
147, 421 141, 805
143, 894 137, 436

3,664
4,021
5,222
5,616
6,458

136,300
138,364
136,677
135, 603
136,168

Aug. 5 . . . .
Aug. 12...
Aug. 19...
Aug. 26. __

66, 010
71, 567
73,835
78,309

7,271
9,347
9,302
10, 212

4,247
7,097
10,815
13, 828

1,080
1,712
487
1,038

53,162
53,161
53,161
53,161

243, 566
238,824
240,993
233,886

152,920
153, 702
159,045
155,358

142, 062
139,347
143, 691
139,091

10,858
14, 355
15,354
16,267

137,894
138,890
139,248
138, 767

Sept. 2___
Sept. 9___
Sept. 16-.
Sept. 23 _
_
Sept. 30. _

78,911
77, 844
76,372
80,802
105, 967

8,416
7,372
7,272
7,909
12,381

16,355
16, 552
14,153
15, 972
37, 564

369
149
287
1,134
235

53,701
53, 701
53, 700
54,827
54,827

237,537
239, 083
232, 064
237, 070
198, 416

159,787 143,413
157.356 139,964
155, 040 140, 741
158, 661 147,083
145, 566 137, 630

16,374
17,392
14,299
11, 578
7,936

139, 589
141,314
137,841
142, 003
142,829

Oct.
Oct.
Oct.
Oct.

7
14___
21__.
28-_.

121,765
145,376
158, 038
154,424

11, 761
16,160
19, 918
18,976

50,517
70, 980
78,452
75, 460

3,342

54,827
56,287
57, 205
57, 790

215,357
203,968
192, 680
165,642

175,044
177, 388
177, 653
155,188

163,115
158, 007
163, 249
142,418

11,929
19,381
14,404
12,770

145,424
152,992
155,939
147,813

Nov.
Nov.
Nov.
Nov.

4_._
11..
18..
25..

.47,382
.44,484
.43, 489
.47, 363

18, 066
21, 209
25, 762
32,841

69, 769
63, 740
58,470
55, 535

57, 566
57, 565

57,347
57, 077

173, 693
174,437
166, 785
160, 544

156,867 143,898
152,597 137,559
146, 740 134, 552
142, 342 129, 701

12,969
15,038
12,188
12,641

147,846
147,987
146,293
148,441

Dec.
Dec.
Dec.
Dec.
Dec.

2 . - - L39,905
9
129,186
1 6 . . . 47,858
2 3 - - 157,498
3 0 — 150, 816

32, 995
29, 312
43, 495
67, 415
56, 733

47,986
40,864
33, 894
29, 940
30, 901

56,807
56,807
67,852
56, 774
61, 052

170, 968
176,923
172, 431
199, 279
222,900

142, 710
139,644
132, 591
135, 760
160,249

.1,162
1,042
9,082
L2,115
8,061

151,818
149,450
166,731
205,402
195,257

1

228

347
433
1,739

131,548
128,602
123,509
123,645
152,188

Includes "other securities" and foreign loans on gold.
Back figures for all Federal reserve districts,—See Annual Report for 1930 (Table 78), 1929 (Table 72), 1928
(Table 76), etc.




138
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE

BANK, BY WEEKS—Continued
NEW YORK
[In thousands of dollars]
Bills bought in
open market

Date

United States
Government
securities

Deposits

Total
bills
Bills
Total
and
discash resecuri- counted Bought Under Bought Under serves
resale
ties i
outoutright agreement

Federal
reserve
notes in
circulation

Total

Member bank
reserve
balances

1,045,
1,105,185
1,075,434
1, 078, 532

1, 027,871
1,087,445
1,061, 784
., 064, 521

17, 588
17, 737
13,650
14,011

365, 265
326,646
307, 745
288, 675

1, 038,186
.,
993, 399
., 010,182
992, 741
1, 023,160 I, 006, 920
I
"., 029, 495 1,014,672

44, 787
17, 441
16, 240
14,823

280,828
273, 976
261, 572
256, 946

1,117,598 1 , 008, 402 986, 306 22,i
5,000 1,166, 202 1 , 088,849 1,067,683 21,166
1,155, 839 1, 068,188 1,054, 612 13, 576
i,
,
I,
1,130, 570 Ir 016, 492 988,857 27, 635

267,182
255, 965
249, 295
246, 320

1931
Jan. 7
Jan. 14.__
Jan. 2 1 . . .
Jan, 28—

381,106
338,686
295.845
275,711

Feb.
Feb.
Feb.
Feb.

4...
11 .
18. _
25..

274, 952
273,145
254,175
265, 443

69, 492 63,631 7,092 237,191
51,161 48, 460 2,474 233,891
42, 76"
213,928
42, 594 38, 600
198, 928
34,139
44, 473 31, 551
198, 928
51, 461 27, 756
193, 928
37, 641 32, 606
183,928
38, 016 43, 499
183, 928

Mar.
Mar.
Mar.
Mar.

4...
ll._
1825.,

252, 588
275, 732
264,053
232,634

38, 834 29, 826
38,082 36,857 12, 53
37,876 24, 463
34,681 15, 240

Apr.
Apr.
Apr.
Apr.
Apr.

l.._
8___
15..
22..
29..

295, 435
275,012
233, 408
254,890
275, 286

36,187
34, 755
26,144
31,192
30, 560

43,199
29,171
21, 907
35,066
33, 833

33, 336
28, 373
2,644
5,919
27,830

182,713!
182,713!
182, 7131
182,713!
182, 7131

2651 , 045, 321 1,023, J
1,125, 21
21, 440 278, 261
,1301 , 006, 654 984, 467 22,18" 269, 919
1,096,"
1,108,169 992, 923 974, 558 18, 365 261, 754
996, 332
1,115,860 1 ,017,240
261,436
', — 1
1,147, 623 " , 053, 433 1,031,1
21, 744 268, 977

May
May
May
May

6...
:I3_.
2027..

262,
223,
204,
200,

613
679
015
373

28, 472
31,897
27, 771
26, 999

48, 494 24,3'
39, 648 5,864
27,124 3,200
27, 454

160,170
145,170|
145,170
145,170

1,146, 690 1, 040, 956
1,197, 397 1,066,899
'
1,185, 551 1,029,082
1, 253,874 1 031, 501
.,

June 3
June 10—
June 17__.
June 24..

218, 365
207,609
214,811
229, 407

29, 927
29,001
33, 264
34,059

41, 274
30,091
32, 807
35,195

July
July
July
July
July

1...
8...
15..
22..
29..

235, 219
222, 862
219,930
212,850
223,122

27,868 32, 311 1,389
26, 341 23, 510 1,877
24, 230 17,907
23,181 16,919
26, 845 20, 296 3,206

Aug.
Aug.
Aug.
Aug.

5—
12..
19..
26..

234,153
341, 741
324.846
346, 389

36,105
49,886
38, 775
48, 366

Sept.
Sept.
Sept.
Sept.
Sept.

2...
9—
16..
23..
30-

348, 776
346,859
386, 318
387,029
446, 200

52, 762
48,973
46, 676
53,841
53, 521

183,928
183, 258
201, 714
182, 713

850 1,111,862
1,173, 435
1,175, 709
1,184,165
1.134, 492
1,111,98
1,128, 450
1,119,"""
I, 360

359 145.155|
1,697 145,170j
145,170!
151,424!
167, 741)
166,149|
171, 2731
169, 535|
169, 535

24,147 1,826 169, 535
36, 725 33, 235 219, 555! _
63,166
219,5551.
224,555|_
68,818
69, 966
71, 838
79, 532 16, 772
84, 607 5,r~"
137, 978 17,;

221, 548 .
221, 548 .
235, 548 .
235,705!.
225, 705 .

Oct.
Oct.
Oct.
Oct.

?__..
14. _
21...
28..

528, 286
657,88S
629, 564
598, 244

123, 433
205, 945
159, 032
138, 650

139, 070 32, 529 225,705!,
188, 201 12, 544 245,259!.
211,914 2,235 241.698L
243, 945'.
201, 064

Nov.
Nov.
Nov.
Nov.

4___
11...
18__
25..

557,905
537,137
511, 034
497, 673

124,
116,
109,
116,

071
201
523
755

172,992
163, 767
143, 790
125,290

Dec.
Dec.
Dec.
Dec.
Dec.

2....
9-...
16...
23...
30...

479, 565
496, 710
596, 337
592, 756
908, 620

121, 804
137, 258
117, 731
236, 396
431,827

105, 048
98,139
78, 436
66, 437
84, 644

4,013 241,9891.
241,9891.
805 241,226!.
573 240,230;.
3,385
12, 230
3,164
8,538
75,936

22, 947
32, 084
14,142
15,541

269, 307
258, 383
268,054
273, 231

53,
15,
35,
37,

263
327
640
238

288, 508
271,144
273, 577
278,854

1, 240, 200 1,076, 626 ,030,090 46, 536
,086,859 ., 050,978 35,881
1, 258, 285 1., 128, 369 , 084, 654 43, 715
1,288, 629 1 118, 397 1, 087, 796 30, 601
.,
1, 294, 691 1,127, 902 i , 0 7 0 , r ~ 57,866

306, 521
294,881
285, 422
295,998
304, 566

1,198, 627
1, 204,108
1, 242, 771
1, 238, 312

322,194
362, 404
373, 987
398,105

1, 216, 427
1,176, 333
1, 244, 082
1, 298, 354

1 056,608
1 019,065
lj 088; 687
1,156, 714

,
,
,
,

003,
003,
053,
119,

345
738
047
476

1,035, 084
979, 556 55, 528
., 118, 737 1, 041, 452 77, 285
1,113, 358 1, 036,185 77,173
1, 130, 247 1,001,282 128,965
,

1, 224, 497 1,110,563 1,011,147 99, 416 388,863
1,192, 226 1, 056, 060
960, 617 95, 443 399, 041
1, 249, 289 1, 180, 626 1, 093, 461 87,165 388,115
1,139,""" ., 055, 279 973, 941 81, 338 388, 702
1,161, 709 1, 122, 754 1, 078,046 44, 708 406, 051
1,033, 832 l,
,053,057
983,652 69, 405
:,
,
930,I, 464 1, 048, 997 942, 789 106, 208
1,040, 599 1 ,113,840 1,029,657 84,183
1, 045, 907 1,, 087,898; I, 004, 315 83, 583

446,
456,
467,
471,

1, 002, 582
1,013,056
1, 038, 277
1, 072,022

52,304
83,637
64,870
57,978

497, 570
485,863
484, 523
498,981

54, 201
46, 746
45, 275
58, 223
53, 593

516,225
519,3C4
533, 301
566, 782
562, 743

962,845
986,816
977, 463!
981, 989

910,541!
903,179
912,593
924,011

236,233....
1,069, 200 943, 239
1, 050, 372 941,822
895, 076
236,233
1, 041,479 1 024,228
978, 953
382,733
931, 517
873, 294
267,322
275,056 27,000 917, 286 1,175,134 1,121, 541

i Includes "other securities" and foreign loans on gold.




1, 018,009
1, 034, 815
1, 014, 940
1,065,960

967
459
360
328

139

EACH FEDERAL RESERVE BANK
No.

83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE

BANK, BY WEEKS—Continued
PHILADELPHIA
[In thousands of dollars]
Bills bought in United States
open market Government
securities

Date

Deposits

Total
Total
bills
Bills
cash reand
dissecuri- counted Bought Under Bought Under
resale outresale
ties i
outright agree- right agreement
ment

Total

Federal
reserve
notes in
Member bank Other circuladetion
reserve
balances posits

1931
Jan.7
Jan. 14....
Jan. 21....
Jan. 28....

84,983
81,364
79,904
78,653

29,140
27,233
25,772
24, 521

3, 568
3,568
3,568
3,568

51,625
50,563
50, 564
50,564

244,232
249,738
238.026
238,135

149.835
151,295
145,507
143,078

146,492
146,878
142,431
141,184

3,343 146,405
4,417 145,985
3,076 140,047
1,894 139,415

Feb.
Feb.
Feb.
Feb.

4
11__.
18__25...

78, 445
77,883
77,006
76,974

24, 299
23,978
23, 585
23,797

3,582
3,341
2,857
2,613

50, 564
50, 564
50,564
50, 564

239,021
241, 874
237,765
242, 615

145,756
142,477
144,649
144,375

144,164
140, 412
141,997
141,752

1,592
2,065 143,395
2,652 136,686
2,623 139,965

Mar. 4___.
Mar. 11...
Mar. 18...
Mar. 25...

76, 380
74, 658
70,780
66,830

23,444
21,928
19, 345
17,373

2,372
2,372
2,083
105

50, 564
50,358
49,352
49,352

244.061
244, 985
253, 053
259,264

150, 579
148,136
149,600
155,959

4,821 137,665
2,362 137,506
865 137,185
6,524 136,542

Apr.
Apr.
Apr.
Apr.
Apr.

67, 499
64,739
63, 842
65,279
68, 201

18,042
15, 282
14, 385
15,822
18,744

105
105
105
105
105

49, 352
49,352
49,352
49,352
49,352

263,270
261,651
260,531
251, 773
250, 738

155,186
355,609
155,607
150,302
149.836

145,758
145,774
148,735
149.435
152.436
154,424
152,964
147,117
147,334

2,750
1,185
2,643
3,185
2,502

140,478
137,136
137, 442
134,590
135,459

May 6
May 13...
May 20...
May 27...

65,872 16,414
67,187 17,729
68,337 18,879
18, 930

106
106
106
106

49,352
49,352
49.352
49.353

152,212
152,889
148, 597
147,053

151,033
151,072
146,445
145,015

1,179
1,817
2,152
2,038

135,087
140,179
146, 055
147,332

June 3
June 10...
June 17. _.
June 24...

69,171
69,227
66, 770
69,118

19,712
19, 768
18,823
17,685

106
106
106
106

49,353
49,353
47,236
49, 094

253,598
258, 905
259, 572
261,629
260,279
259,672
267, 235
262,632

151,336
148,692
151, 041
152,622

147,977
146,805
144,743
144,115

3,359
1,887
6,298
8,507

149,195
146,669
145,756
144,157

Julyl....
July 8
July 15...
July 22...
July 29...
Aug. 5....
Aug. 12...
Aug. 19...
Aug. 26...

69, 281
72, 340
73,157
74,853
75,494

16, 516
15,201
15.298
16,597
17,055

1,045
2,922
2,922
3,223
3,406

50,970
53,467
54,247
54, 473
54,473

266,181
258, 216
260,702
257,346
257, 737

155, 922
152,547
153,643
152,378
153,222

148.382
148,013
147,321
145,349
144,630

7,540
4,534
6,322
7,029
8,592

145,981
145,541
145,769
145,888
145,693

79,428
77,422
82,866
85,324

18,033
17,876
18,221
18,105

3,412
4,369
9,648
12, 222

57,273
54,467
54,467
54,467

261,794
268,888
261,034
257,824

160,854
164,383
162,782
161,469

145,594
146,108
144,598
141,529

15,260
18,275
18,184
19,940

146,970
149,353
148,906
148,662

Sept. 2....
Sept. 9_._.
Sept. 16...
Sept. 23..
Sept. 30-..

90,352
94,574
105, 976
111,918
115,464

18,377
21,739
32.299
45,209
48, 723

16,364
17, 224
17, 336
9,117
9,137

55,081
55,081
55,081
56, 332
56,344

256, 425
253,494
251.062
243,966
235,807

164,736
161,047
162,877
151, 578
146,426

146,359
139,840
144, 353
136,537
136,693

18,377
21,207
18, 524
15,041
9,733

148,671
153,442
161,671
166,879
171,988

Oct. 7 . . . .
Oct. 14...
Oct. 21...
Oct. 28...

139,153
168,863
177,618
184,251

71,940
91,292
98, 249
103,199

9,137
13,624
14,667
15,707

56,344
57,187
57,942
58,585

260, 405
256,553
264,887
258,891

147,224
158,001
149,982
147,790

130,243
133, 251
131,592
130,580

16,981
24,750
18,390
17,210

219,834
232, 615
260,551
262,307

Nov.
Nov.
Nov.
Nov.

4—.
11..
18..
25..

176,559
181,089
180,746
180,672

101,904
106,662
107,896
109,263

9,483
8,290
6,914
5,770

58,412
58,337
58, 111
57,804

276,146
275,722
269,901
269,710

146,184
147,174
146,067
143,309

127,332
128, 519
130,190
125,997

18,852
18,655
15,877
17,312

271,068
276,046
271,374
274,380

Dec. 2 . . . .
Dec.9.._.
Dec. 1 6 Dec. 23 ._
Dec. 30..

173,810
175,641
181,946
206,029
194,051

102,916
104, 703
117,628
137,825
115,575

5,562
5,551
4,431
4,330
4,074

57,497
57,497
54,097
57,931
57,652

279,707
276,240
264,130
239,910
11,000 244,605

147,278
143,957
139,070
136,397
134,469

131,104
127,783
127,703
121, 268
122,739

16,174
16,174
11,367
15,129
11,730

274,099
274,239
273,452
279,426
271,568

1

1....
8
15...
22__.
29...

Includes "other securities" and foreign loans on gold.




140

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE
BANK, BY WEEKS—Continued

CLEVELAND
[In thousands of dollars]

Date

1931
Jan. 7 —
Jan. 14—
Jan. 21—
Jan. 28. .

Bills bought in United States
open market Government
securities
Total
Bills
bills
Total
disand
cash resecuri- counted Bought Under Bought Under serves
1
outout- resale
ties
right
right agreement
ment

121,691
111, 997
103,887
94,365

34,180
29,458
28, 589
22,645

26,831
23,180
16,939
13,361

59,680
58, 359
58,359
58,359

Deposits

Total

Federal
reserve
notes in
Member bank Other circulation
dereserve
balances

303.670 206,831
298,437 195,406
304,481 198,719
312,820 198,195

198,736
189,915
193.517
192, 284

8,095
5,491
5,202
5,911

191,063
185, 933
181,323
178,883

314,570
313, 330
320,163
325,474

193,845
189.602
196.518
194,113
194,841
195, 348
194, 985
195.603
196,666
193, 304
198,466
198, 419
194,607

5,625
3,892
4,290
4,691

178,177
181, 788
180,095
181, 795

7,275
5,581
2,782
4,868

180, 763
181,273
178,837
177, 885

3,965
4,338
3,113
4,459
4,326

178,241
180, 009
181,091
180,192
184,147

Feb.
Feb.
Feb.
Feb.

4...
11..
IS..
25..

92, 723
93,552
89, 509
88,014

24,038
25, 725
22, 815
20, 800

10,326
9,468
8,335
8,855

58, 359
58,359
58, 359
i 58,359

Mar.
Mar.
Mar.
Mar.

4___.
11..
18...
25..

87,660
92,874
87, 310
81,959

18.656
18, 881
14, 485
13, 848

10,645
15,886
14, 970
10, 256

58,359
58,107
57,855
57,855

325,917 202,116
319,836 200, 929
319,366 197, 767
327,026 200.471

Apr. 1 . . .
Apr. 8 . . .
Apr. 15..
Apr. 22..
Apr. 29..

88,060
92,121
93,098
88,891
94, 748

14.657
13, 711
14,437
11, 768
16, 973

15, 548
20, 555
20,806
19,430
20,082

57,855
57,855
57, 855
57,693
57,693

320, 907
317, 215
318,198
325, 268
319,929

200,631
197,642
201, 579
202, 878

May
May
May
May

6—
13..
20..
27..

95, 726
95, 270
93, 001
93, 723

13, 095
14, 562
13, 537
13,454

198,607
205,474
198,993
194, 387

194,415
201, 367
195, 335
190,335

4,192
4,107
3,658
4,052

183, 266
187, 510
189, 399
191,761

92, 351
94, 387
93,965
94, 351

13,908
17, 530
20,173
16,853

62,693
62.692
62.693
62,693
62,690
62,690
62,690
65,105

315,005
328, 204
325.671
323,683

June 3 —
June 10..
June 17. _
June 24..

19,938
18,016
16, 771
17, 576
15, 753
14,167
10, 317
9,996

330, 047
331,547
325,473
331,645

201,362
202,136
191, 111
197, 368

195,617
197,894
186,167
189,982

5,745
4,242
4,944
7,386

191, 749
193,905
200,589
197,919

Julyl...
July 8.-July 15...
July 22...
July 29...

94,354
95, 884
95, 514
96,316
94,818

17,611
15, 720
15, 535
16, 952
16, 262

8,564
7,
6,879
6,071

67, 544
70, 790
71,803
72,085
72,085

335,496
341, 510
339,908
337,627
338,785

199,398
206,407
199,573
204,088
204,004

190,818
199,115
190, 723
189, 331
188,147

8,580
7,292
8,850
14, 757
15,857

202,116
201,115
200,285
198,968
198,885

Aug.
Aug.
Aug.
Aug.

95,361
117,097
119,994

17, 484
16,892
30, 517
29, 913

5,442
9,142
14, 395
17,896

72, 085
72,085
72,085
72,085

344,767
349,818
354,205
361,167

212, 524
212, 745
212,937
208, 774

191,404
188,009
187,501
180,834

21,120
24, 736
25,436
27,940

198,374
204, 798
230,668
240,208

129, 504
127, 924
125, 718
135,072
167,038

34,004
33,293
31,890
45,315
45,836

23,315
22, 446
21, 743
17,672
45, 227

72,085
72,085
72,085
72,085
72,085

349, 637
358, 922
350,423
340, 066
310,251

211,436
212, 541
204,891
193,481
184,317

186,024
183,210
182, 344
173,141
167,542

25,412
29, 331
22, 547
20,340
16, 775

239,251
244,164
242,553
250,159
263,624

7.—
14—
21—
28.-

186,287 61,064
206,404 76, 865
223,052 92,465
231,103 101,317

52,656
57,454
57, 566
56,243

72,085
72,085
73,021
73,543

310,985
304,307
285,458
280,080

187,277
194, 351
184,291
179,485

164, 956
165,320
157,275
153,557

22, 321
29,031
27,016
25,928

278,551
286,514
295,914
304,386

Nov. 4 . . .
Nov. 11..
Nov. 1 8 Nov. 2 5 -

224,670 106,161
217, 826 102, 230
204,422 94,824
198,005 93,431

45, 275
42, 363
36,647
31,623

73, 234
73, 233
72,951
72,951

291, 799
303, 511
306,700
313,787

178,359
179,798
175,490
173,569

150,379
151,433
153,550
149,831

27,980 311,476
28,365 315, 703
21,940 311, 761
23,738 311,767

Dec.
Dec.
Dec.
Dec.
Dec.

189,301
191,541
189,471
203,948
188,171

99,441
106,529
111,897
127, 581
114,862

26, 909
22,061
14,623

62, 951
62,9511
62,951
67,899
- I 67,517

324,176
325, 599
324,455
319,388
331,049

173,595
172,939
167,335
168,254
172,032

149,728
148,690
147,476
145,384
153, 008

23,867
24,249
19,859
22,870
19,024

5—
12..
19..
26. .

Sept.
Sept.
Sept.
Sept.
Sept.

Oct.
Oct.
Oct.
Oct.

2...
9.
._
162330-

2...
9...
16..
23.30.-

5,792

3,890

i Includes "other securities" and foreign loans on gold.




199.470
193,494
200,808
198,804

312,961
316,136
320,031
330,232
321,469

141

EACH FEDERAL RESERVE BANK
No.

83.—PRINCIPAL RESOURCES AND LIABILITIES OP EACH FEDERAL RESERVE

BANK, BY WEEKS—Continued
RICHMOND
[In thousands of dollars]
Bills bought in United States
open market Government
securities

Date

Total
Bills
bills
disand
securi- counted Bought Under Bought
ties i
out- resale outright agree- right
ment

1931
Jan.7
Jan.14. __
Jan. 2 1 . . .
Jan. 28—

47,594
45,089
39,821

Feb.4
Feb. 1 1 . . .
Feb. 18...
Feb. 25—

41,094
38, 406
36,727
36,485

Mar.
Mar.
Mar.
Mar.

4____
11...
18...
25...

Apr.
Apr.
Apr.
Apr.
Apr.

Deposits
Total
cash reserves
Total

Federal
reserve
M e m - Other notes in
ber bank de- circulation
reserve
balances posits

24,281 10,006
22,899 7,434
21, 589 6,239
18,714 3,846

12, 582
17,261
17,261
17,261

118,298
110,547
114,965
117, 220

64,921
62,216
65,083
64,162

61,534
58,790
62,967
58,746

3,387
3,426
2,116
5,416

95,566
90,403
88,833
86,310

3,908
2.692
2,121
1,974

17,261
17, 261
17, 261
17, 261

114,817
116,117
114,845
115, 524

64,182
66,050
63,457
62,845

61,846
62,942
60,210
60,571

1,745
1,695
1,400
473

17, 261
17,122
16, 983
16,983

116, 566
115,519
113, 646
121, 553

63,925
64,445
59, 888
63, 671

62,077
60,914
59,414
60, 599

2,336
3,108
3,247
2,274
1,848
3,531
474
3,072

86,380
83,700
82,589
81,696

35,842
36,380
32,793
30,935

19,925
18,453
17,345
17, 250
16,836
17,563
14,410
13.479

1
8....
15...
22...
29. _.

32,281
32,938
31, 562
28, 962
30,069

15,054
15,792
14,475
11,937
13,043

244
163
104
43
43

16,983
16, 983
16,983
16,982
16, 983

65,453
63,122
64,976
64,925
64, 653

60, 565
61, 654
62,075
62,116
61, 209

4,888
1,468
2,901
2,809
3,444

79, 637
79,350
78,483
77,112
76,214

May6.._May 13...
May 20...
May 27...

44.954
43,409
47,719
50,403

14,928
13,383
16,796
18, 214

43
43
940
2,206

29, 983
29,983
29,983
29,983

120,416
116,814
118, 222
119, 984
116,836
104, 692
103,389
99,100
95,963

67,373
65, 210
64, 630
66,359

64,854 2,519
63,241 1,969
62,128 2,502
61,865 4,494

76,449
75,047
74,438
73,291

June 3
June 10...
June 17. _.
June 24...

51,876
53,598
51,832
56, 628

19,028
19,035
17,835
21,922

2,865
4,580
3,679
3,810

29,983
29,983
29,983
29, 983

94,079
88, 706
87,133
85, 570

65,370
62.875
61,671
64,030

63,585
61,328
60,541
59, 290

1,785
1,547
1,130
4,740

74,207
72,146
71,102
71,095

July
July
July
July
July

1_-8....
15...
22...
29...

49,996
51,504
52,173
52,238
51, 779

16, 595
16,745
17,235
17,429
17, 785

3,173
3,481
3,160
3,031
2,216

29,983
31,033
31, 558
31,558
31, 558

66,417
65,262
66, 724
64,814
66.157

59,692
62,096
62,212
59,927
60,113

6,725
3,166
4,512
4,887
6,044

71,890
71,076
68,970
67,864
67,016

Aug. 5
Aug. 12...
Aug. 19...
Aug. 26. _ .

52,320
54,027
55,414
55,426

18, 231
17,862
19, 721
18,751

2,347
4,423
4,075
5,057

31, 557
31, 557
31, 558
31, 558

94, 726
91,392
90, 222
87,951
88, 111
90,929
89,766
89,918
89, 501

69,121
70.481
70, 668
70.876

61,810
61,802
61,733
59,694

7,311 67, 235
8, 679 66,630
I 8,935 67,688
11,182 67, 218

Sept. 2...
Sept. 9 —
Sept. 16—
Sept. 23._
Sept. 30...

55,674
55,276
56,982
65,349
80,018

4,576
3.375
2, 510
6,435
20, 562

31,558
31,558 I
.
31, 558
31,558
31, 558

95,104
89,599
91, 392
73, 558

69,715
72,026
67,857
68,794
64.482

62, 270
60,862
59,953
60, 500
56,892

7,445
11,164
7,904
8,294
7,590

68, 243
71, 261
72,844
80, 335
82,087

Oct. 7
Oct. 14-_ .
Oct. 21__.
Oct. 2 8 . . .

19.480
20, 283
22, 214
26, 656
27,198
88.955 28.592
95, 230 31,181
88, 738 40,070
87, 236 42, 564

28,105
31, 791
20, 562
16, 566

31, 558
31, 558
27,406
27,406

75,835
73,436
80, 346
84,170

68,787
70, 699
64, 612
67,414

58, 960 9,827
58,901 111,798
57,194 7, 418
57,429 9,985

88,029
91,884
97,926

Nov. 4_._
Nov. 11...
Nov. 18...
Nov. 25...

83.026
83,333
83,888
83, 647

38, 970
39,078
39, 632
39, 391

27,406
27,406
27,406
27,406

88,309
88, 590
83, 703
85, 219

64,892
65, 269
62,285
63, 245

58,173
56, 235
55,908
53, 633

6,719
9,034
6,377
9,612

99,184
100,460
99,639
99,045

Dec.
Dec.
Dec.
Dec.
Dec.

82, 216
77.027
74, 263
79, 564
75, 501

39, 748
36,266
35.977
46,812
41,447

15, 950
16.149
16.150
16,150
14, 362
12, 655
10,180
7,646
9,273

27,406
27,406
27,406
24,406
24,081

86, 536
88,485
90,139
90,046
92,118

62,951
61.158
60, 209
61,844
56, 632

56, 360
54,645
55,412
52, 262
51,848

6,591
6,513
4,797
9,582
4,784

99,769
98,563
98,948
104, 569
106,382

2....
9.._.
16...
23...
30...

»Includes "other securities" and foreign loans on gold.




81,737
80,916
80, 234
79,483

142

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE

BANK, BY WEEKS—Continued
ATLANTA
[In thousands of dollars]
Bills bought in United States
open market Government
securities

Date

Total
bills
Bills
and
dissecuri- counted Bought
ties »
outright

Deposits

Total
Under Bought Under cash reserves
resale out- resale
agree- right agreement
ment

Total

Federal
reserve
Mem- Other notes in
ber bank de- circulation
reserve
balances posits

1931
Jan. 7.....
Jan. 14...
Jan. 21...
Jan. 28—

46,505 22,710
40,258 21,793
38,773 21,965
40, 527 24,965

16,078
10,702
9,092
7,721

7,717
7,763
7,716
7,841

155,240
159, 870
165,193
158.347

63,880
63,155
63,765
62,163

60,618
58,797
59, 664
57, 603

3,262
4,358
4,101
4,560

Feb. 4_._
Feb. 11...
Feb. 18Feb. 25..

37, 708 23,637
34,500 21,979
35,483 21,917
30,122 16, 378

4,802
5,829
6,028

7,773
7,719
7,737
7,716

160,022
161,947
160,204
166,740

61,015
61,932
60, 340
64,324

59,171
59,339
58, 588
61,929

1,844 131,802
2,593 130, 701
1,752 130,457
2,395 129,052

Mar. 4—
Mar. 11Mar. 18-.
Mar. 25-

28,987
32,706
31,238
29,478

14,772
14,431
11,870
11, 593

6,462

6,665
5,080

7,753
10,186
12,703
12,805

167,154
165, 071
166, 513
167, 201

130,089
130,641
130, 520
129,869

13,425
11, 245
9,770
10,048
10,321

6,283
7,034
5,675
6,106
6,907

12,681
12,753
12,854
12,757
12,755

167,941
169,854
172,481
171,366
171,928

58,687
60, 653
59, 795
57,848
61,084
60,874
60, 514
59,944
62,951

2,172
1,162
421
3,382

Apr. I.... 32,389
Apr. 8.—. 31,032
Apr. 15...
Apr. 22. _ 28,911
Apr. 29— 29,983

2,056
1,705
3,055
3,071
2,503

131,123
131,770
131,392
132,039
130,081

May 6--.
May 13...
May 20...
May 27...

35,955
39,946
41,034
41,377

9,937
10,041
11,987
12,356

10,340
8,989
8,190
8,319

15, 678
20,916
20,857
20,702

161, 329
155,100
154,495
150,157

60,859
61,815
60, 216
61, 230
63,140
62, 579
63, 569
63,015
65,454
61,038
60,026
61, 558
58,677

59, 831
58,421
59,947
57,694

1,207
1,605
1,611
• 983

130, 575
129, 659
128,869
127,409

June 3
June 10. _.
June 17...
June 24...

41,938
42,341
40, 386
41,654

12,498
12,461
12,299
12,807

20, 815
20,673
20,679
20,838

150, 349
149, 659
147, 216
142.348

58,980
61, 580
58,075
58, 545

57,308 1,672 127, 317
60,132 1,448 124,715
57, 370
705 123,098
54,950 3,595 120,830

July :L-_..
July 8_...
July 15...
July 22...
July 29...

41, 691
42,845
42,433
44,053
45,209

11,469
11, 299
12,013
13, 538
16,008

8,625
9,207
7,093
7,178
9,251
9,621
8,026
7,921
6,689

20,741
21,695
22,184
22, 384
22,302

146, 556
141,832
140, 756
136, 859
135,947

60, 288
60, 868
59,689
61,166

58,841
57, 352
57,403
56,053
56, 584

3,645
2,936
3,465
3,636
4,582

120,134
118,822
117,009
115,972
114, 553

Aug. 5
Aug. 12._.
Aug. 19.-.
Aug. 26...
Sept. 2....
Sept. 9_...
Sept. 16...
Sept. 23...
Sept. 30...

43,940 17,058
45, 547 17,936
49,033 21,750
48,585 22, 357

4,374
5,115
4,891
3,862

22,333
22,321
22, 342
22, 316

138,756
136,882
133,341
133, 297

61,291
62, 383
61,970
62, 625

56, 250
54, 725
54, 313
54, 269

5,041
7,658
7,657
8,356

114, 528
113, 575
113,256
112,507

48,658 22,633 3,658
49, 476 23,148 3,779
52,194 25,924 3,298
56,122 26,190 6,723
72,070 29,892 19,231

22, 317
22,499
22, 372
22,609
22,347

132,476
134,234
128, 302
124,041
104, 542

61,327
64,140
60, 684
61,056
56,415

53, 442
55, 299
53, 661
54,352
52,059

7,885 112,684
8,841 112,857
7,023 111, 923
6,704 111,611
4,356 112,215

26,751
39,436
40,355
37, 512

22,340
22, 340
22,367
17,304

59, 513
63,995
59,299

52,171
52,731
50,128
50,808

7,342
11, 264
8,768
8,491

115,488
117,205
118,178
117,648

4___. 103,077 49, 686 35,481
11... 104,061 50, 671 35,484
18.-. 98,912 51,328 29,797
25... 96, 548 49,720 29,021

17, 310
17,306
17,187
17,207

102,374
94, 558
80, 201
81, 562
81,015
80, 590
87, 560
86,095

57,625
57,075
58,340
56,962

50,905
49,029
51,395
49, 074

119,514
120,318
121,095
119,181

17,263
17,209
14,782
14,836
12,614

79,500
86,755
94,494
104,784
115,602

55,872
55,311
52, 527
53,235
60,147

49,161
48,591
48,134
47, 307
54,869

6,720
8,046
6,945
7,888
6,711
6,720
4,393
5,928
5,278

Oct. 7__Oct. 14-..
Oct. 21__.
Oct. 28...
Nov.
Nov.
Nov.
Nov.

Dec. 2.-.
Dec. 9
Dec. 16-.
Dec. 23...
Dec. 30...

80,613
93,954
104,427
102, 572

103,776
96,330
87,016
77,875
71,446

30,750
31, 578
41,105
47,156

58,098
54, 081
53,660
47,486
45,275

27,815
24, 440
17,974
14,953
12,412

295

* Includes "other securities" and foreign loans on gold.




133,973
132,749
135,116
132,805

120,427
120, 552
120, 574
123,662
120,440

143

EACH FEDERAL, EESEKVE BANK
No.

83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE

BANK, BY WEEKS—Continued

CHICAGO

[In thousands of dollars]
Bills bought in United States
Government
open market
securities

Date

Deposits

Total
Bills
bills
disand
securi- counted Bought
outties i

Total
Under Bought Under cash reserves
out- resale
right agree- right agreement
ment

Total

Federal
reserve
Mem- Other notes in
ber bank de- circulation
reserve
balances posits

1931
Jan. 7
Jan. 14___
Jan. 21...
Jan. 28...
Feb. 4....
Feb. 11..
Feb. 18...
Feb. 26...

45,885 1,764
34,829 1,843
27, 580
923
17, 944
978

82,603
81,844
81,844
81,844

363,234
369, 822
386, 789
390, 915

345,002
335,744
340,553
334,294

342,472
331,955
337,108
329, 877

2,530
3,789
3,445
4,417

142,337
143,563
143, 408
143,125

121,758 22, 556 15, 805 1, 553
472
114, 526 18, 759 13, 451
115,084 19, 089 12, 258 1,893
278
111, 546 17, 725 11, 699

81, 844
81, 844
81,844
81, 844

398,854
404,911
421,011
411, 009

337, 586
334, 700
351,685
334, 750

335, 424
331,813
337, 816
330. 691

2,162
2,887
13, 869
4,059

144,498
148,062
147, 002
149, 608

Mar.
Mar.
Mar.
Mar.

4...
11..
18..
25..

111, 846 16, 678
119, 071 15, 884
114, 605 13, 593
108, 052 12, 865

528
257

81, 844
81, 486
81,128
81,128

422, 200
402, 484
415,125
425, 226

Apr.
Apr.
Apr.
Apr.
Apr.

l.._.
8_._
15...
22...
29...

110, 873
118,304
116,036
115,497
114, 541

12, 324
11, 635
12, 351
13, 337
13, 669

17, 421
25, 246
295
22, 402
155
829
20, 203
18, 389 1,355

81,128
81,128
81,128
81,128
81,128

430, 511
446, 303
468, 216
487, 471
493,437

117, 712
112, 798
113, 788
111,297
June 3
109,849
June 10... 115,941
June 17. _. 114,131
June 24... 117, 759

13, 500
12, 229
13,404
11, 940

20,403 2,681
793
18, 648
17,472 1, 784
16, 545 1,684

81,128
81,128
81,128
81,128

490, 504
482, 646
504, 720
485,169

344,450 337, 930
329, 470 325, 583
330,841 329, 573
328, 582 322, 258
324,854 321, 502
338, 482 334,103
334, 050 330, 496
094
340,793 337, 807
347,063 343,
347, 219 339,838
334,153 330, 669
348, 277 344, 431
325, 467 322, 060

12. 342
16,850
16, 340
17,073

13,781 2,595
14, 987 2,207
12, 586 1,414
10, 682
810

81,131
81, 897
82, 796
86,019

509, 516
596, 664
609, 469
601, 562

89, 271
93, 600
94, 951
95, 332
95, 332

627, 557
644, 826
629, 830
635,154
646,121

344,692
350,113
335, 685
329, 585
334, 226
349, 319
333,517
332, 004
341, 719

95, 332
95, 332
95,332
95, 332
96, 338
96, 338
96,338

666, 530
676, 659
668,332
684, 923

355,162 334,106 21, 056 391,199
365, 579 339,192 26, 387 397,665
349,877 324,654 25, 223 410,006
367, 834 338,808 29, 026 416,966

691, 773
686, 622
690,964
644,228
642,182

374, 548
356,360
358. 339
342, 202
344,206

349, 626
325, 715
331, 792
318, 747
329, 370

24,922
30, 645
26,547
23, 455
14,836

428, 295
441,845
447,014
452, 981
456,107

161,271
145, 545
133, 074
124, 406

May 6
May 13..
May 20...
May 27...

July
July
July
July
July

1.—.
8....
15...
22...
29...

Aug.
Aug.
Aug.
Aug.

6....
12...
19...
26...

30,019
26,029
22, 727
23, 640

12, 796
21, 444
19, 884
14, 059

6,520 151, 403
3,887 153,330
1,268 160,269
6,324 165, 303
3,352
4,379
3,554
3,699
3,256

177,570
190,154
212, 522
225, 368
221, 725

7,381
3,484
3,846
3,407

222,405
222,032
229,950
229, 591

336,372 8,320 235,470
346, 283 3,830 322, 545
341,643
326, 723
316, 662 12,923 349,831

Sept. 2...
Sept. 9....
Sept. 16..
Sept. 23..
Spet. 30..

10,222 7,931
10, 233 9,426
11, 670 8,116
11, 897 7,942
13,636 7,612
118,250 14, 992 7,408
123, 758 14,791 12, 979
130, 215 14, 945 19, 601
137, 302 16, 571 25, 265
148. 639 23, 288 28, 858
147, 617 23,307 27, 842
150, 205 25, 582 26, 495
188,173 32, 685 55, 262
193, 625 18, 015 74, 884

Oct.
Oct.
Oct.
Oct.

7....
14...
21...
28...

221, 374
257, 490
289, 994
291,149

92, 058
116, 344
126, 527
116, 744

99,864
99,864
100, 864

638, 222
602, 221
554,860
557,141

340.080
337, 016
321, 253
327,945

317, 304
304,131
295, 538
303,143

22, 776
32,885
25, 715
24, 802

483,648
486, 582
487,766
483,581

Nov.
Nov.
Nov.
Nov.

4.. .
11...
18...
25..

283, 045 75, 956 104,140
268, 651 69,385 96, 317
254,253 60, 641 90, 044
85,129
256, 997

100, 864
100,864
100,483
99, 980

560, 658
562, 363
578, 911
584, 680

317, 684 292, 414
303, 283 276, 970
305, 499 284, 056
312, 007 288, 527

25, 270
26, 313
21,443
23, 480

491,264
492,127
491, 763
492, 915

Dec.
Dec.
Dec.
Dec.
Dec.

2....
9....
16..
23...
30..

264, 957
262, 393
283,429
260,236
244,806

76,482
70, 212
62,307
52,093
40, 476

99, 477
697
139, 477
105, 977
105, 531

577, 462 305, 969
312,123
579, 855 320, 604
590, 482 295, 516
607, 782 299,359

23, 097
22, 548
15, 974
25, 776
13, 601

497,868
501,763
508,035
526,885
519,307

1

108, 819
113.994
115,565
115, 859
117, 268

28, 446
39,492
61, 518
71, 456

85,913
89, 499
77,960
98,676
95,309

560
158
158
158
63
201
207
4

500

98,436
98,436

Includes "other securities" and foreign loans on gold.




324,824
338,449
322, 883
320, 757
328,361

282, 872
289,575
304, 630
269, 740
285, 758

9,402
10,870
10, 634
11,247
13, 358

364,345
371, 111
373,815
379, 927
382,424

144

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE

BANK, BY WEEKS—Continued
ST. LOUIS
[In thousands of dollars]

Date

1931
Jan.7
Jan.14...
Jan. 2 1 . . .
Jan.28._.
Feb. 4.__.
Feb. 11...
Feb. 18...
Feb. 25...

Bills bought in
open market
Total
bills
Bills
and
dissecuri- counted Bought Under
resale
ties i
outright agreement

45,958
41,794
41, 306
39,892

United States
Government
securities

Deposits

Total
cash reBought Under serves
outright agreement

Total

Federai
reserve
notes in
Member bank Other circuladereserve posits tion
balances

11, 091 10, 066
10,537 7,106
11, 207 5,948
10,802 4,939

24, 801
24,151
24,151
24,151

117,875
116,080
114,404
115,187

74,498
70,330
69,010
69, 328

72,840
68,641
66,994
67.064

1,658
1,689
2,016
2,264

84,163
82,164
81,447
79, 996

38, 322
36, 918
37,179
38,004

9,942
8,920
8,741
9,168

4,229
3,847
4,287
4,685

24,151
24,151
24,151
24,151

121, 628
122, 638
121,154
116, 562

73,065
74,208
72,225
70, 884

70,196
70, 593
70, 652
68, 663

2,869
3,615
1,573
2,221

80,452
79, 255
78, 920
78,014

Mar. 4—
Mar. 11...
Mar. 18..
Mar. 25...

38,231
39,975
39,225
37,153

9,149
8,158
8,023
7,946

4,931
7,792
7,303
5,308

24,151
24, 025
23,899

116,408
114, 369
117,137
119,215

70, 287
71, 512
71, 283
73,492

69,115 1,172
69, 508 2,004
70,417
866
71, 746 1,746

77, 726
76,815
76, 947
76, 287

Apr. 1...
Apr. 8__.
Apr. 15...
Apr. 22...
Apr. 29...

38, 236
41,082
41, 277
40, 316
40, 087

7,899
7,421
7,490
8,173

6,438
9,762
9,888
7,928
8,015

23, 899
23, r
23,899
23,899
23, 899

118, 047
117, 901
117,148
114,886
116,221

69, 920
72, 774
73, 514
70, 905
72, 365

1,786
2,527
1,532
2,134
1,807

77,018
76, 834
76,156
75, 326
74, 712

May
May
May
May

(L__.
13...
20—.
27—

42,172
41, 362
41, 364
41,207

6,713
7,051

9,701
9,232
9,209
8,714

119, 025
114,060
115, 745
113, 218

76,177
72, 744
75,275
74,283

1,193
1,818
1,195
1,682

76, 508
73, 366
73,422
72, 621

June 3
June 10 __.
June 17...
June 24...

41, 015
39, 729
38, 987
41,135

8,075
6,852
7,216
7,565

7,498
7,435
5,904
6,018

25, 442
25, 442
25,442
25, 442
25,442
25,442
25,442
26, 742

71, 706
75,301
75,046
73, 039
74.172
77, 370
74,562
76,470
75, 965

119, 951
116, 389
113, 641
111, 483

79, 568
76, 744
71, 600
74, 296

76,258 3,310
75.065 1,679
928
70, 672
71, 760 2,536

73, 710
72, 521
72, 666
72,167

July 1....
JulyS.-.
July 15...
July 22...
July 29...

41, 600
42,189
42,543
42,125
42,138

7,874
7,244
9,189
9,286
9,724

5,446
4,917
2,805
2,163
1,738

28, 055
29,803
30, 349
30,476
30,476

74,889
72,820
70, 596
72,576
71.173

70, 916
70, 363
67,522
68,436
67, 394

3, 973
2,457
3,074
4,140
3,779

72, 931
73,113
73,093
72, 268
71, 729

* Aug. 5 —
Aug. 12—
Aug. 19...
Aug. 26...

42,120
43, 608
43,499
45, 327

9,553
10, 048
9,977
10, 939

1,891
2,884
3, 006
3,872

30, 476
30, 476
30, 476
30,476

113, 797
111,517
108, 971
109, 721
106, 784
110, 677
108,039
112,109
113, 664

73, 933
72, 986
73, 928
77, 336

67, 631 6,302
65,188 7,798
66, 516 7,412

72, 237
72, 014
73, 208
73, 391

45, 487
44, 654
46, 798
50,223
63, 944

11,319 3,420
10, 487 3,419
13, 376 2,084
12, 514 5,868
14,408 17, 695

30, 708
30, 708
30, 708
31,211
31,211

113, 982
115, 343
110, 223
106, 614
90,031

75, 752
77, 203
71, 976
72,902
68,420

67, 657
67,658
64,477
66,441
62, 272

8,095
9,545
7,499
6,461
6,148

74, 852
75, 819
75,972
75, 729
76, 620

13, 693 25,404
34, 944
33, 932
24, 264 31,478

31, 211
31, 211
31, 211
31, 211

88, 767
84, 045
79,196
76, 418

65, 388
66, 823
65, 215
62, 636

6,776
9,983
7,477
8,582

78,416
80,185
83, 420
84,848

80, 922
83, 741
86, 766
85, 368
87, 005
90,569
95, 962
101, 526
108, 273

72,164
76,806
72, 692
71, 218
73,019
72, 732
73,117
73,109

65, 709
64, 320
66, 501
65,119

7,310
8,412
6,616
7,990

85, 691
86,076
85, 890
84, 926

69, 724
71, 770
67,880
69, 922
76, 741

61,846
65, 089
63, 371
62, 924
68, 928

7,878
6,681
4,509

85, 953
85, 505
86,589
88,648
86, 933

Sept.
Sept.
Sept.
Sept.
Sept.

2...
9...
16..
23..
30..

7,029

Oct.
Oct.
Oct.
Oct.

7....
14...
21__
28...

71,104
80,886
86, 961
87, 583

14,101
21,188

Nov.
Nov.
Nov.
Nov.

4—
11-.
18..
25_.

86,051
82, 815
81,489
80, 337

25,231
24, 587
25,471
27,564

28,979
26, 387
24, 304
21,175

31, 211
31,211
31,
30, 968

Dec.
Dec.
Dec.
Dec.
Dec.

2-_
9_—
16..
2330—

77,367
74,165
66, 664
64, 791
62, 369

26, 534
26, 863
26,879
29,048
21, 742

19, 352
15,821
11, 554
7,512
12, 648

30,851
30, 851
27, 351
27, 351
27,099

i Includes "other securities" and foreign loans on gold.




7,813

145

BACH FEDERAL EESEEVE BANK

No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE

BANK, BY WEEKS—Continued
MINNEAPOLIS
[In thousands of dollars]
Bills bought in United States
open market Government
securities

Date

1931
Jan. 7
Jan. 14....
Jan. 21....
Jan. 2 8 —
Feb. 4 . . . .
Feb. 1 1 . . .
Feb. 18...
Feb. 2 5 . . .

Total
bills
Bills
disand
securi- counted Bought
outties^
right

Deposits

Total
Under Bought Under cash reserves
resale out- resale
agree- right agreement
ment

39,554
35,952
35,987
33.569

4,080
4,189
4,185
4,016

8,860
5,749
5,505
3,115

26,406
26,014
26,297

33,059
32,370
32,977
32,857

4,205
3,946
3,954
3,917

2,714
2,121
2,685
2,812

Mar. 4 —
Mar. 11—
Mar. 18—
Mar. 25—

33,556
34,471
33.553
32,041

3,793
3,808
3,493
3,369

Apr.
Apr.
Apr.
Apr.
Apr.

1_ —
8
15...
22. _.
29. _.

33,117
35, 758
34,966
34,810
34,178

May
May
May
May

6
13—
20—
27—

Total

Federal
reserve
Mem' Other notes in
ber bank de- circulation
reserve
balances posits

68,714
70,837
71,863

51,517
49,345
51,669
51.184

50,691
803
48,542
49,918 1,751
49,082 2,102

52,219
50,844
49,997
48,997

26,140
26,303
26,338
26,128

71, 667
70,481
69,090
69,136

49,436
48,405
48,460
48,142

48,435
46,723
46,203
46,449

1,001
1,682
2,257
1,693

49,495
48,807
48,319
47,661

3,747
4,573
4,371
3,126

26,016
26,090
25,689
25,546

69,052
67,605
73,670
72,444

49,018
48,684
52,679
50,602

47,918 1,100
47,633 1,051
463
52,216
49,237 1,365

48,053
47,839
48,420
48,069

3,523
3,417
3,415
3,401
3,629

4,020
6,680
5,883
5,632
4,944

25, 574
25,661
25,668
25, 777
25,605

72,870
71,800
66,499
68,364
67,610

51,683
53,145
48,384
50,529
48,730

49,943 1,740
51,469 1,676
47,474
910
48,817 1,712
992
47,738

48,489
49,478
48,358
47,848
47,434

35, 545
35,593
35, 220
35,827

3,665
4,020
3,841
4,386

6,171
6,002
5,648
5,718

25, 709
25,553
25,714
25, 705

70,555
66,470
65,922
65,359

51,689
49,264
48,213
48,653

50,490 1,199
48,138 1,126
632
47,581
47,611 1,042

48,851
48,066
47,458
47,130

June 3
June 10—
June 17.._
June24._.

34,730
35,267
35, 388
36,198

3,959
4,317
4,485

4,913
5,646
3,946
4,048

25, 587
25, 625
26,817
26,958

70,240
67,866
68,879
66,904

52, 314
51,125
50,859
49.185

50,653 1,661
956
50,169
960
49,899
47,144 2,041

47,477
46,819
48,185
48, 633

July 1
July 8
July 1 5 . . .
July 2 2 . . .
July 2 9 . . .

35,794
35,126
33, 786
33,511
33,842

4,025
4,179
3,923
4,354
4,667

3,703
2,878
1,884
1,170
1,083

27, 765
27,769
27, 681
27, 758
27,816

70,117
71,559
69,430
70,640
71,783

51,695
50, 955
48,501
49,818
51,486

47,421
48, 739
46,445
46,954
48,667

4,274
2,216
2,056
2,864
2,819

49,803
50,975
49,857
49,623
49,094

Aug. 5
Aug. 12...
Aug. 19...
Aug. 26—

33,806
34.554
34,829
35,444

4,796
4,498
4,347
4,513

1,188
2,105
2,724
3,039

27,640
27,769
27,676
27,810

73,661
72,988
75,074
73,6'86

51,929
52,847
54,396
52,579

48,004
47,248
48,465
46,944

3,925
5,599
5,931
5,635

50,218
49,968
51,338
51,333

Sept. 2.
Sept. 9....
Sept. 16...
Sept. 23—
Sept. 30...

35,224
34,154
34,714
36,287
45,667

4,364
4,207
3,989
4,079
3,803

2,883
2,161
2,026
4,215
13,231

27,895
27,689
28,177
27,458
28,098

77,310
81,104
75,924
77,717
66,636

54,131
55,826
51,714
52,756
50,318

48,605
50,512
46,840
47,923
44,773

5,526
5,314
4,874
4,833
5,545

52,980
54,635
54,914
56,073
57,168

Oct. 7
Oct. 1 4 . . .
Oct. 2 1 . . .
Oct. 2 8 . . .

50,700
61,002
60,593
57,479

3,899 18,226
5,892 26,586
8,259 26,919
25,622

27,930
27,968
24,858
24,879

56,954
57,528
59,409

51,946
52,765
51,061
50.186

46,924
45,689
45,655
43,928

5,022
7,076
5,406
6,258

60,790
61,278
62,292
61,922

Nov.
Nov.
Nov.
Nov.

4.
11
18—
25—

58,960
56,909
54,076
52,348

7,186
6,145
8,169
7,953

23,230
22,127
17,244
15,626

27,915
27,983
27,984
28,005

62,418
62,687
65,522
67,075

52,846
50,743
50,357
50,192

46,564
45,195
45,947
44,623

6,282
5,548
4,410
5,569

63,281
64,066
64,452
64,452

Dec.
Dec.
Dec.
Dec.
Dec.

2
9
16...
23...
30...

51,866
50.570
46,550
42,694
42,877

8,239 14,962
8,092 13,781
7,859 9,845
7,882 5,957
7,554 6,670

27,868
27,870
28,002
27,977
27,750

69,347
72,372
74,258
79,797
79,836

49,993
50,582
47,893
48,473
49,141

45,013
46,067
44,571
43,933
45,512

4,980
4,515
3,322
4,540
3,629

65,816
67,458
67,792
69,783
68,817

i Includes "other securities" and foreign loans on gold.




146
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE

BANK, BY WEEKS—Continued
KANSAS CITY
[In thousands of dollars]

Date

1931
Jan. 7
Jan. 14....
Jan. 21___.
Jan. 28....
Feb. 4.__.
Feb. 11...
Feb. 18...
Feb. 25...

Bills bought in United States
open market Government
securities
Total
bills
Bills
Total
and
discash resecuri- counted Boi
>ught Under Bought Under serves
resale out- resale
ties i
outright agree- right agreement
ment

Deposits

Total

Federal
reserve
notes in
Member bank Other circulation
debalances posits

62,125
55,428
52, 044
49, 550

19,641
16,880
16, 096
15, 014

12,703
9,520
6,920
5,508

29, 781
29,028
29,028
29, 028

97, 724
100,949
103, 833
107,569

90,000
84,918
84,429

86,321
83, 412
83,240
83,495

3,679
1,506
1,189
3,465

68, 254
68, 026
67,401
65, 556

50,469
52,821
50,114
49, 995

16, 913
14,423
11, 810
11,169

4,528
4,370
4,276
4,798

29,028
34, 028
34, 028
34, 028

106,791
105, 260
103, 518
106, 241

86, 032
87, 093
82, 513
84, 571

83,649
84,202
80, 988
82, 813

2,383
2,891
1,525
1,758

66, 383
66, 069
66,347
66, 292

105, 468
101,495
101.607
104, 944

85.136
83, 503
83,168
82.392

83,812 1,324
81,423 2,080
82, 628
540
80, 993 1,399

66, 659
66, 033
65, 808
65,193

Mar.
Mar.
Mar.
Mar.

4
11...
18...
25...

50,392
52,411
52,216
47,366

11,310
11, 274
10, 738
9,108

4, 554
7,005
7,453
4,379

34,028
33, 882
33,775
33.779

Apr.
Apr.
Apr.
Apr.
Apr.

l.._.
8....
15...
22...
29...

49,826
50, 512
50,756
50, 607
50, 680

9,657
8,603
8,935
9,059
8,624

6,389
8,129
8,041
7,768
8,276

33, 780
33.780
33, 780
33, 780
33, 780

104, 293
106, 321
103,115
101,435
100, 783

83, 908
86, 788
84, 473
82,187
81, 946

82, 553
84, 463
82, 386
80, 483
80,822

1,355
2,325
2,087
1,704
1,124

May
May
May
May

6_...
13...
20...
27...

52, 886
51,945
51, 709
52, 327

33, 780
33, 780
33,780
33, 780

99, 937
100, 409
98, 263
99,379

51,466
52, 721
52,384
52,903

33, 780
33, 780
33, 780
35,142

99,149
96,710
98,219
98,858

83, 317
84.137
82,039
83,170
82,057
81,889
83,139
84,440

81,971
82, 255
81, 272
81, 932
80, 051
80, 482
82, 522
82, 015

1,346
1,882
767
1,238

June 3 — .
June 10.June 17...
June 24_..

8,612 10, 494
9,453
8,712
9,178 8,751
10, 706 7,841
10, 832 6,854
11,105 7,836
11,833 6,421
11, 040 5, 982

65, 653
66, 388
65, 541
65, 548
64,490
65, 048
63, 745
63, 334
62, 517

2,006
1,407
617
2,425

63, 243
62,826
62,906
62,800

Julyl...
July8.._.
July 15...
July 22...
July 29...

51, 388
54, 314
53,176
51,855
52, 563

8,741
9,506
9,413
9,115
10, 340

5,874
5,603
4,061
2, 883
2,366

36, 518
38, 350
38,922
»,077
39, 077

103,360
95, 650
98,579
100, 765
98, 579

87,811
82, 641
85, 031
85,252
83, 401

3,123
1,272
3,015
3,208
3,212

62, 348
63, 288
62,973
63,393
63,063

Aug.
Aug.
Aug.
Aug.

54, 076
55, 632
60,803
58,835

12, 059
12, 073
16, 089
12, 659

2,160
3,702
5,077
6,539

39,077
39, 077
39, 077
39, 077

100, 410
98, 905
98,947
101, 554

85,894
86, 380
87, 337
87, 534

84, 688
81, 369
82, 016
82, 044
80,189
81, 603
79, 575
80,895

4,291
6,805
6,442
6,638

63, 571
64,067
68,184
68,238

Sept. 2...
Sept. 9...
Sept. 16..
Sept. 23..
Sept. 30..

59, 643
58,921
56,766
50,869
62,785

12, 793 7,213
11,990 7,294
12, 032 5,619
15,331 6,423
13, 765 19, 905

39, 077
39, 077
39,115
29,115
29,115

96, 691
104, 970
107,295
97,153

84,628
90,457
82,315
83,678
83, 619

79, 045
83,737
76,454
78,287
78,321

5,583
6,720
5,861
5,391
5,298

69,163
68,617
70,179
70, 080

Oct.
Oct.
Oct.
Oct.

7....
14...
21...
28___

74, 722
73, 703
95,344
93,606

15, 925
21,971
28, 567
33, 385

29, 544
42,617
47, 662
41,106

29,115
9,115
19,115
19,115

88,131
93,302
64, 987
69, 727

86,159
88, 279
80, 597
81,993

79,130
78, 260
74, 282
75,175

7,029
10,019
6,315
6,818

71,867
75, 227
76,102
76,455

Nov.
Nov.
Nov.
Nov.

4_..
11..
18..
25..

90,895
90,604
85,431
80,104

35, 203
35,012
32, 096
32, 582

36, 077
36, 077
34, 376
28, 563

19,115
19,115
18,959
18, 959

72, 697
71,988
79, 880
85, 420

80,771
78,588
79,905
80, 366

74, 629
72,915
74,888
74,137

6,142
5,673
5,017
6,229

79,010
80.033
81,069
80,673

Dec.
Dec.
Dec.
Dec.
Dec.

2...
9...
16..
23..
30..

72,930
67, 918
65, 806
61,877
59,320

29,932
28,331
30,469
29, 698
29, 286

24, 039
20, 628
15,978
12, 820
10, 926

18, 959
18, 959
18,959
18,959
18,708

91. 575
94, 635
102, 000
100,012
103, 444

78,831
76.393
81,820
77,182
76, 256

72, 064
70, 955
78,214
71,704
72,900

6,767
5,438
3,606
5,478
3,356

81,430
82.034
82, 658
84,232
82, 839

&....
12...
19...
26...

500
250
250
100

500
400

i Includes "other securities" and foreign loans on gold.




147

EACH FEDERAL EESERVE BANK
No.

83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE

BANK, BY WEEKS—Continued
DALLAS
[In thousands of dollars]
Bills bought in United States
open market Government
securities

Date

Deposits

Total
Total
Bills
bills
cash redisand
securi- counted Bought Under Bought Under serves
out- resale out- resale
ties i
right agree- right agreement

Federal
reserve

Total

notes in
Member bank Other circuladereserve
balances posits

1931
Jan. 7—.
Jan. 14—
Jan. 21...
Jan. 28—

44,356
40,810
40, 217
39, 709

5,009
4,893
5,546
5,703

9,363
6,480
5,234
4,569

29,984
29,437
29,437
I 29,437

56,084
56, 638
58, 481
57, 273

60,773
59, 742
60, 659
61, 256

Feb.
Feb.
Feb.
Feb.

4...
11_.
18..
25-

39, 246
38, 213
37,670
38, 824

6,064
6,113
5,850
6,784

3,745
2,663
2,383
2,603

29, 437
29, 437
29,437
29, 437

59, 366
56, 323
55,397
55, 304

62, 527
59, 530
58, 411
60, 226

57, 850
58, 752
58, 683
60, 609
57, 944
57,177
57, 828

Mar.
Mar.
Mar.
Mar.

4___
11..
18..
25-

40,
41,
40,
38,

385
068
056
512

7,561
7,546
6,780
6,861

3,387
4,191
4,052
2,427

29,
29,
29,
29,

437
331
224
224

55, 789
52, 759
53, 287
56, 582

Apr.
Apr.
Apr.
Apr.
Apr.

1...
8...
15..
22..
29..

40, 264
42,449
42, 065
41, 857
42,169

7,572
7,326
7,477
7,903

4,049
5,520
5,510
5,106
5,042

29,
29,
29,
29,
29,

224
357
229
274
224

May 6__May 1 3 May20__
May 27..

43, 652
43,054
42,959
42, 434

7, 951 6,459
8, 260 5, 570
8,610 5,105
9,028 4,167

29,
29,
29,
29,

242
224
244
239

June 3
June 10..
June 17..
June 24—

42,876
43, 787
43, 481
45, 505

9,428
9, 694
10, 279
10, 509

4, 209
4, 854
3,713
4,085

29,
29,
29,
30,

July 1 . . .
July8.._.
July 15...
July 22...
July 29...

44,
46,
43,
43,
44,

862
666
382
894
213

9,611
10,120
10, 509
11, 206
12, 241

Aug.
Aug.
Aug.
Aug.

44,
46,
47,
43,

335
070
831
843

12, 577
13, 082
13, 464
13, 750

5
12...
19...
26-.

Sept.
Sept.
Sept.
Sept.
Sept.

2_._.
9—.
16...
23__.
30...

1,875
1,892
1,907
2,573 |

31,443
30, 010
29, 281
27,923

1,918
1,586
1,234

27,849
27, 267
26,854
26,443

61,609
59,757
57, 795
60,477

57,305 4,304
57, 319 2,438
57,346
449
57,270 3,207

27, 213
26,843
26, 533
26,682

53,435
52,443
52, 336
53, 983
50, 667

58,816
59, 658
58, 707
58,510
57,407

57,608
57, 706
57,409
56, 770
55,375

1,208
1,952
1,298
1,740
2,032

27,047
27,576
27,126
28,131
27,380

59,890
59, 203
60, 793
57, 745

58, 214
57,149
59, 251
55, 879

1,676
2,054
1,542
1,866

28,507
27,682
27, 576
26,908

239
239
239
230

53, 249
51, 549
55, 060
51,178
48,129
47,154
46,159
46, 201

55,460
55,969
54, 342
56.940

1,455
554
648
2,522

4,041
4,136
2,583
2,398
1,682

31, 030
32, 230
30,130
30,130
30,130

48, 852
46, 494
48, 705
47,845
47,311

58, 081
57, 562
57,173
55.941
57,195

54,005
55, 415
53, 694
54, 418
55, 023
54, 935
54, 200
53, 649
53, 485

3,058
2,627
2,973
2,292
3,710

27,426
27.192
26, 626
26,630
27, 578
27, 793
27,012
27, 471
26, 790

1,468
2,698
4,197
4,923

30,130
30,130
30,130
25,130

49, 219
47, 327
47, 452
48, 957

58, 554
59, 413
60, 670
58, 730

54,449
52,961
54, 008
51, 566

4,105
6,452
6,662
7,164

27, 006
26,934
27,060
26, 780

44, 587
44,386
43,907
42, 584
51,126

14, 071 5,322
13, 622 5,589
13, 552 5,225
13, 083 4,371
12, 774 13,142

25,154
25,135
25,130
25,130
25, 210

47, 111
54, 081
52, 111
58, 377
52, 835

56,971
61,572
58,457
61, 464
60, 831

51, 463
53, 796
52, 675
55, 477
56, 648

5,508
7,776
5,782
5,987
4,183

27, 083
30, 597
30,083
31, 337
35,613

21, 252
22, 749
23, 851
22,411
19, 759
18, 410
17, 521
13, 410

25, 275
20,165
17,130
17,130

56, 786
60, 775
51,644
52, 210

62, 847
63,659
59, 783
59, 059

54,182
55, 405
52, 244
52,829

8,665
8,254
7,539
6,230

50, 638
51, 699
49, 846
50, 557

17,130
17,130
19,630
22,130

5,863
7,249
5,084
6,918

51, 342
51,366
50, 581
49,743

27, 632
27, 636
27,632
30,132
29, 863

55, 976
58, 558
56, 709
55, 612
54,981
56, 431
54,322
54, 463
51, 489

50,113
51, 309
51, 625
48,694

21, 072 11, 051
20,951 8,974
18, 004 7,609
15, 822 5,013
11,407 3,161

52, 766
56, 315
55, 558
56, 036
51, 635
54,807
56, 671
58, 473
60,729

49, 579
50, 048
50,629
47, 611
46, 779

5,402
6,383
3,693
6,852
4,710

49, 704
48, 815
48,184
48,354
47.193

Oct.
Oct.
Oct.
Oct.

7
14_ _.
21__.
28__.

62,
61,
65,
64,

746
746
320
365

16, 076
18, 832
24, 339
24, 824

Nov.
Nov.
Nov.
Nov.

4
11—
18...
25—

61,
59,
58,
56,

856
875
733
710

24, 967
24, 335
21, 582
21,170

Dec.
Dec.
Dec.
Dec.
Dec.

2
9.-.
16...
23...
30_._

59, 755
57, 561
53, 245
50,967
44, 431

1

tion

Includes "other securities" and foreign loans on gold.




148

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE

BANK, BY WEEKS—Continued
SAN FRANCISCO
[In thousands of dollars]
Bills bought in United States
open market Government
securities

Date

Total
bills
Bills
and
dissecuri- counted Bought Under
ties i
out- resale
right agreement

1931
Jan. 7.... 105, 201
Jan. 14... 74, 703
Jan. 21... 71, 551
Jan. 28... 62, 477

31, 238
17,190
18, 507
11, 972

25, 793
18, 040
13, 571
11,032

Feb.
Feb.
Feb.
Feb.

4...
11..
18..
25..

63, 375
62, 362
62,839
62,634

15, 893
17, 709
16,881
14, 420

8,009
5,180
5,735
8,741

Mar.
Mar.
Mar.
Mar.

4_._
11..
18..
25..

19, 996
6,218
12, 527
23, 737
14, 295
5,830
5, 742
5,560
13,184

11,127
16,890
18,873
15,894

Apr. l_-_
Apr. 8—
Apr. 15...
Apr. 22..
Apr. 29...

70, 596
62,849
70, 392
78, 623
70,048
63, 711
62,838
64, 518
69, 554

May
May
May
May

74,866
71, 530
68, 727
69, 221

June 10. _
June 17..
June 24..

July]
JulyS...
July 15...
July 22..
July 29..

6--_
13..
20. _
27..

June 3

Deposits
Total
cash reserves

Total

Federal
reserve
notes in
Mem- Other circulaber bank detion
reserve
balances posits

48,170
39, 473
39, 473
39, 473

291, 582
310,899
300, 201
302,168

193,001
195, 730
188, 971
189, 930

186,052
186, 394
181, 798
179, 838

6,949
9,336
7,173
10,092

187, 204
173, 556
164,984
160,034

750

39, 473
39, 473
39, 473
39, 473

312, 002
322,875
308, 542
309,870

191,197
192, 774
186,155
187, 211

183, 555 7,642
184, 376
178, 248 7,907
179, 071 8,140

164, 456
173,161
167, 480
165, 603

500

39, 473
39, 241
38, 992
38, 992

299, 357
303,123
295, 755
291, 453

165, 522
162,144
160, 072
157, 648

38, 992
38, 992
38,992
38, 992
38, 992

291,894
315, 567
298, 954
292, 233
289, 709

177, 081
179.669
181, 364
184, 560
176, 929
189, 543
176, 517
172, 425
169, 467

8,031
7,620
6,616

16, 761
18,889
18,104
18,175 1,791
16, 264 1,114

185,112
187, 289
187, 980
193, 556
184,065
197, 596
184, 419
179, 838
178, 519

7,136
8,053
7,902
7,413
9,052

159, 770
161, 723
161, 416
159, 786
160,890

17, 493
6,088
6,473
9,161

18, 381
16, 450
13, 262
11,068

38, 992
48, 992
48, 992

299, 294
302, 111
307, 600
305, 263

188, 588
189, 022
191,440
191, 245

180, 574 8,014
180, 434
183, 405 8,035
182, 753 8,492

167, 310
165,415
166, 534
164,279

81, 653
87,149
79, 209
89, 779

23,013
29, 039
21, 749
30, 716

9.071
9,118
7,743
8,336

48,992
48, 992
48, 992
48,992

295, 468
286, 408
289, 260
284, 086

189, 659
187, 318
183, 601
186, 653

179, 272
179, 248
175, 688
178, 734

10, 387
8,070
7,913
7,919

167, 716
166, 686
168, 546
167,988

83, 416
86, 748
82, 790
99, 776

8,099
27, 439
24, 212
39,873
29, C97

8,705 2,070
7,946
6,325
6,426 1,076
5,168

63, 992
50, 863
51, 798
52,031
52, 031

307, 819
306, 044
303, 965
289, 752
301, 436

195, 625
193,195
192, 790
192,627
193, 278

184, 508
182, 699
182, 306
179, 701
179, 692

11,117
10,496
10, 484
12, 926
13, 586

178, 449
180,843
175, 739
177, 777
175, 520

20, 416 5,021
10,689 9,351
33, 501 12, 339
35, 582 14,155

315, 862 193,181
325, 877 197, 433
318,412 199, 276
200, 973

176,666
177, 230
179, 737
178, 617

16, 515
20, 203
19, 539
22, 356

181, 246
183,003
198, 295
203, 332

35, 778
41,811
28,188
27, 015
47,609

52,031
,
52,031
52,031
52, 031
15, 544
52, 646
15, 469
651 52, 646
14,859 5,831 52,646
16,881 2,873 53, 519
40, 466 1,382 63, 519

316, 589
313, 580
319, 577
321, 479
267, 425

193,187
189.142
190, 770
185,162
178,802

174, 866
168, 546
170, 961
167,116
163, 338

18, 321
20, 596
19, 809
18,046
15, 464

209, 294
216,184
214, 349
219,017
223, 411

963
51, 802
448
71,700
452
83, 504
83, 349 1,190

255, 555
233,217
175,008
171, 694

181, 935
187, 385
172, 598
172, 590

161, 404
161, 716
153, 477
152, 057

20, 531
25,669
19,121
20, 533

230, 337
229,177
228,068
226,417

190, 380
216, 384
223, 259
228, 444

172, 203
180, 716
180, 512
182,804

151, 488
161,870
162.670
164,090

20, 715
18,846
17,842
18, 714

229, 823
229, 914
224,952
221,222

220, 522
231, 247
248, 756
250, 068
271, 399

173, 231
177, 368
160, 349
163, 395
168, 460

155, 141
160,887
145, 200
142, 014
146,717

18, 090
16, 481
15,149
21,381
21, 743

222, 060
221,073
222, 037
233,231
230,156

Aug. 5
77, 783
Aug. 12... 72, 386
Aug. 19. _
97,961
Aug. 26.. 101,858
Sept. 2...
Sept, 9...
Sept. 16Sept. 23..
Sept. 30..

104,058
110,667
102,614
101, 378
154,066

Oct.
Oct.
Oct.
Oct.

7...
14__.
21...
28._

175, 512 57,814
201,900 74, 270
244, 749 103,601
246, 226 104, 520

Nov.
Nov.
Nov.
Nov.

4...
11 .
18..
25..

231,601
212, 794
199,673
195,105

97, 823 75, 374 1,500
88, 249 67,641
85,117 57,955
51,933

63, 519
54, 392
55,187
55,187
54, 924
54, 924
54, 691
54,384

Dec.
Dec.
Dec.
Dec.
Dec.

2...
9...
16..
23..
30..

192, 779
182, 524
148, 766
158,986
142,808

90,875
83, 297
56,349
66, 553
52,866

54,077
54,077
54,452
58,658
58, 010

46,107
42, 809
36,095
31,905
30,062

621

i Includes "other securities" and foreign loans on gold.




VOLUME OF OPERATIONS OF EACH FEDERAL RESERVE BANK
No. 84.—VOLUME OF OPERATIONS IN PRINCIPAL DEPARTMENTS OF EACH FEDERAL RESERVE BANK, 1931
Federal reserve bank
Total

Boston

New York

P1

el

phia "

cleveland

NUMBER

Richmond Atlanta
OF

Chicago

St. Louis

Minneapolis

Kansas
City

Dallas

San Francisco

P I E C E S H A N D L E D : 1 1931

Bills discounted:
5,291
9,826
7,465
2,459
5,600
5,196
17,113
112, 692
5,381
14,073
10, 710
11, 378
Applications
18, 200
14,148
40,624
13,914
19,581
68,012
64, 502
61,060
512,650
59,411
Notes discounted
37,158
57,251
48,485
28, 504
Bills purchased in open mar4,352
7,427
6,346
16,932
102
221, 462
3,633
5,000
ket for own account
_.
19,000
125, 908
8,749
7,625
Currency received and
088, 000 58, 564, 000 52, 021,000 129, 561
!, 021,
,000
2, 269, 292, 000 240, 021, 000 674, 810,000 199, 377, 000 138, 746, 000 111, 001, 000 117, 567,0001398, 698, 000 110, 838, 000 38,
counted
;,
Coin received and counted.. 2, 900, 462, 000 356,212,000 1., 123,503,000 308, 220,0001147,138, 000 169, 546, 000 66, 270, 000 328, 241, 000 126,135, 000 22, 528, 000 75, 763, 000 44, 748, 000 132, 158, 000
"""1,756,000 61,547,000
"
864,615,000 91,448,000 184,402,000 70,946,000 83,499,000 52,652,000 28, 941, 000 121, 752, 000 47, 320, 000 20, 940, 000 64, 412, 000 36,
Checks handled
Collection items handled:
U. S. Government cou987,000
990, 000
981,000
482,000
17, 322, 000
281, 000
1,122,000
539,000
391,000 3, 003,000
pons paid
4,488, 000 1, 361,000 2, 697,000
307,000
388, 000
353,000
574,000
162,000
780,000
6, 927,000
432,000
Allother
2,545,000
392,000
178, 000
548,000
268,000
U. S. Government securities, issues, redemptions,
98,000
63,000
74,000
107,000
437,000
42,000
2,435, 000
83,000
1,187, 000
44,000
54,000
and exchanges
80,000
166, 000
112,000
129,000
106,000
276,000
123,000
53,000
74,000
Transfers of funds
1, 663,000
51,000
117,000|
125, 000
375,000
122,000

Q

W

A M O U N T S H A N D L E D : 1931 (in millions of dollars)

Bills discounted
Bills purchased in open market for own account
Currency received and
counted
Coin received and counted..
Checks handled
Collection items handled:
U. S. Government couAll other
U. S. Goveanment securities, issues, redemptions,
and exchanges
Transfers of funds

14, 555. 6

563.6

4,200. 7

1,886. 8

1, 589. 8

1, 434. 5

450.6

1, 009. 3

761.7

50.3

266.5

159.7

2,998.4

302.6

1,318.0

52.2

167.8

67. 3|

107.6

344.9

94.8

65.3

111.4

68.3

298.2

12, 668. 6
585.9
248,173. 0

1,460. 8
34.2
17,448.2

4,322.3
345.1
101,014.3

1,028. 7
38.4
24,475.1

690.9
13.7
20, 811. 8

511.21
15. 0
10,435. 7

465.4
10.6
8, 227.5

2, 245. 6
30.6
23,367. 7

451.0
12.2
10,963.0

186.5
4.3
3, 559. 2

260.3
11.6
8,461. 5

213.7
7.0
6,232. 6

832.2
63.2
13,176. 4

480.0
7,321. 8

29.3
1, 029.1

233.2
2, 760.0

29.2
398.4

54.6
497.1

9.9
209.9

5.3
138.3

56.6
1,168.1

15.2
266.0

7.6
170.8

15.2
239.0

4.3
143.2

19.6
301.9

17, 543. 5
162,095.1

563.7
9, 713. 6

11,434.6
62,189. 7

609.6
10, 231. 4

591.7
9,099. 7

5, 846. 0

292.6
2,110.0

2,174. 3
27, 928.3

349.7
5,123.8

136.5
2,508.4

259.0
5,376.1

279.3
4,642.4

568.6
17,325.7

i 2 or more checks, coupons, etc., handled as a single item, accounted as 1 "piece."
Black figures—See Annual Reports for 1930 (Table 79), 1929 (Table 73), 1928 (Table 77), 1927 (Table 60), and 1924-1926 (Pt. II, Table 6).




2,182.1

CO

150

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 85.—VOLUME OF OPERATIONS OF BRANCHES OF FEDERAL RESERVE BANKS
Noncash collection items
handled
Currency
Federal reserve branch Bills dis- received
and
and district number counted
counted

Coin received
and
counted

Checks
handled

Government
coupons

All
other

Fiscal
agency
issues,
redemptions, Transfers
and ex- of funds
changes
of U. S.
securities

N U M B E R OF PIECES H A N D L E D : 1931 i
No. 2—Buffalo
No. 4—Cincinnati
Pittsburgh
No. 5—Baltimore
Charlotte
No. 6— Birmingham...
Jacksonville...
Nashville
New Orleans __
No. 7—Detroit
No. 8-Little Rock....
Louisville
Memphis
No. 9~Helena
_.
No. 10—Denver
Oklahoma
City
Omaha
.__
No. 11—El Paso
Houston
._
San Antonio—
No. 12—Los Angeles...
Portland
Salt Lake City.
Seattle
Spokane
Total.

939,000
4,134 43,585,000 35,
30,501,000 51, 389,000
47,402,000 41,
820,000
337, 000
"II," 801 50,769, 000 134,
527,000
12, 765, 000
182, 000
10,304, 000
876,000
18, 086,000
880.000
13, 601,000
186, 000
11, 952 28,372,000
14, 525 77,517,000 125, 374,000
481,000
2,547 7,465, 000
2,295 18,908,000
1,864 16,630,000
826, 000
2, 054 1, 715,000
847, 000
3,972 8, 469, 000
099, 000

13,384,000
18,055, 000
30, 642,000
19,765,000
5,981,000
4,528,000
5, 573,000
5,409,000
4, 067, 000
22,783,000
3, 633,000
9,730,000
3,088, 000
1, 953,000
8, 555, 000

7,732,000 8,056, 000 14,999,000
7,386,000 9, 640,000 11, 696,000
4, 289, 000 3, 025, 000 2, 698,000
10,101,000 13, 945,000 6, 732,000
10,803, 000 6,584,000 5,465,000
67, 222, 000 38,100, 000 22, 743,000
5, 690, 000 7, 306, 000 7, 279, 000
3. 813, 000 3,337, 000 6, 555. 000
10,123, 000 11,161, 000 6,109,000
1,942, 000 1, 530, 000 3, 994. 000

539
48,810 107,353
785,137
38,847 21,348
484,710 31,091 29,769
296, 094 128, 523 7,149
23, 499 23,896
17,335
12,333
51,037
46,448
43, 489 29,439
120. 471 29, 509 9,183
251, 036 131,883
2,346
27,353
38,902
333
182, 485 42,584
1,062
44, 293 44,945
504
41,526
13, 884
55, 968 3,548
191,549
67, 861
55,524
13,597
39,820
21,231
73, 514
34,887
90, 264
30,184
15, 872

920
1,678

21, 724
19,145
25,112
30,195
20,447
6,975
8,426
6,258
15, 474
46, 291
10,162
13,564
11,979
8,211
18, 222

3,363
2,004
626
1,393
736

8,639
23, 774
8,200
24,242
14, 389
32,148
11,889
16, 717
14,030
9,148

1, 218, 000
90, 436 515,190,000 592, 445, 000 245, 416, 000 3, 589, 000 1, 218, 000 86,501

425, 000

11,578
1,745
1,667
3,486
4,319
2,781
5, 176
1,131
3,409

37.243
189,455
19,365
58,119
33,903
264,190
145, 812
61, 325
116, 398
54, 376

AMOUNTS H A N D L E D : 1931 (in thousands of dollars)
No.
No.
No.
#
No.

No.
No.
No.
No.

No.
No.

476,888
2:—Buffalo...
4—Cincinnati
Pittsburgh
"641,"632
5— Baltimore
Charlotte
0—Birmingham...
Jacksonville
Nashville
New Orleans. _ 204, 678
512, 658
7—Detroit
54, 577
8—Little Rock....
335,840
Louisville
39,115
Memphis
_
5,535
0—Helena
37,333
10—Denver
Oklahoma
City
63, 202
Omaha
15, 757
1L—El Paso
10, 623
Houston
24, 206
San Antonio...
35,566
12—Los Angeles...
27, 700
Portland
44, 918
Salt Lake City.
198,632
Seattle
13, 881
Spokane
Total...

...2,742,741

231,224
122, 537
247, 367
248, 848
50,931
40, 275
79,493
48,767
103,859
459,331
29, 786
82, 976
55,514
15,344
47, 703

3,569 2, 383, 014
5,393 2, 960, 988
3, 915 10, 371, 791
10,455 3,210,999

961
708
1,287
651
3,304
7,342
531
1,426
1,588
621
2,547

1,129, 285
1,020,660
1, 581,154
1, 036,998
1,731."""
5, 066,896
624, 532
1,816,678
754,337
353,437
1,659, 749

30,6J
38,7i
23,396
38, 528
47,131
327, 786
38,853
31,2
76,218
14,432

1,057
2,280
983
1,383
1,167
13,317
1,614
1,231
2,281
458

1,447, 553
1,433, 348
440, 916
1, 289, 779
824, 203
3,314, 660
1, 237, 679
745,864
1,178, 525
464, 354

2, 531, 020

70, 069 48, 079,197

1,4031 52, 314
12,909! 48, 760 27, 493
15,563! 36,756 127,076
5, 676 96,904 62,312
252
25,433
162
11,511
953 j 20, 321
3661 29, 452
1,547
36,614 49,130
6,605 128, 298 5,508
282
267
24,182
2,514
1,791
44,313
588
453
35, 928
403
5,350
41,680 20,862
3,636
2,203
296
796
456
6,041
1,999
758(
1,578
542

26,;
62,990
8,6301
42,342
23,184
68,660
30,485
32,623
29,101
13,358

2,021,968
571, 071
2,134,203

1,464,105
1, 020, 265
105,301
197,507
123,102
631,474
4,662,218
254,901
656, 217
464,330
133,908
896,440

219, 496
1,316
6,681 1, 024, 764

36, 323
2,658
734
5,686
1,159

282, 959
1,401, 025
470, 578
3,566, 723
696, 951
495,515
1, 262, 416
283.695

68, 014 975, 775 350, 538 25, 041,132

i Two or more checks, coupons, etc., handled as a single item, are counted as 1 "piece."
Back figures—See Annual Reports for 1930 (Table 80), 1929 (Table 74), 1928 (Table 78), 1927 (Table 61),
1926 (Table 67), 1925 (Table 69), 1924 (Table 72), 1923 (Table 72), 1922 (Table 74), 1921 (p. 80), 1920 (p. 93),
and 1919 (p. 39).
NOTE.—Currency received and counted during 1931 by agencies of the Federal Res erve Bank of Atlanta:
Habana, Cuba, 4,495,000, amount $25,778,000; Savannah, Qa., 3,248,000 pieces, amount $8,754,000. Coin
received and counted by Habana, Cuba, 265,000 pieces, amount $2,375,000; Savannah, Ga., 715,000 pieces,
amount $106,000.




ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

151

GOLD SETTLEMENT FUND
No. 86.—SUMMARY OF TRANSACTIONS THROUGH THE FUND, BY DISTRICTS,

1931

[In millions of dollars]

Daily settlements between
Federal reserve banks
Balance
Jan. 1

Federal reserve
bank

Boston
New York
Philadelphia

Federal reserve note
clearings

Transit clearings
Payments

Interreserve
bank transfers

Payments

Balance
in fund
With- De- at close
drawals posits of business
ReDec. 31
ceipts

Pay- ReReceipts ments ceipts

18.7 11, 752. 3 11,898. 0
135.4 41, 446.1 42, 035.6
61.4 10, 595.8 10, 697. 5

54.7
94.0
64.8

40.8
150.0
49.1

211.4
817.1
200.4

82.2 107.0
605.7 1,283. 6
64.5
90.0

126.0
795.6
92.7

40.3
81.4
14.3

.

Chicago
St. Louis
- -_
Minneapolis
Kansas City
Dallas
San Francisco
Total

36.2
18.2
10.8

9, 444. 4
7, 484. 8
3, 357.8

9, 594. 4
7, 520.8
3, 253. 4

79.9
32.5
31.0

33.5
36.5
39.7

156.5
124.0
50.0

67.0
50.4
65.1

106.6
109.2
108.6

98.5
132.4
185.8

42.2
7.8
7.4

49.7
18.7
10.1

17, 039. 6
5, 453. 8
1, 977. 5

16, 917. 4
5, 282. 3
1, 932.1

62.3
30.6
17.7

77.6
38.0
15.2

135.0
38.5
22.0

418.3
134.1
52.7

466.0
73.6
53.9

290.5
133.0
70.5

50.5
9.6
9.4

21.6
9.7
27.1

4, 721. 3
3, 855. 2
7, 008. 7

4, 572. 3
3, 876. 8
6, 556. 8

27.9
15.6
29.0

21.4
14.7
23.6

31.0
57.5
61.5

128.9
41.4
194.6

74.5
81.1
175.0

126.3
75.7
498.7

15.7
8.9
26.6

417.4 124,137.3 124,137. 3 540.1 540.1 1, 905. 0 1, 905. 0 2, 729.0 2, 625. 7

Cleveland
Richmond...
Atlanta

314.1

Back figures—See Annual Report for 1930 (Table 81), 1929 (Table 75), 1928 (Table 19), etc.

FEDERAL RESERVE AGENTS' GOLD FUND
No. 87.-—SUMMARY OF TRANSACTIONS THROUGH THE FUND, BY DISTRICTS,

1931

[In millions of dollars]

Federal reserve bank

Balance
Jan. 1

Balance
WithTransfers Transfers at close of
from
drawals Deposits to bank
business
bank
Dec. 31

Boston
New York
Philadelphia

114 6
25.0
121 3

112.0
480.0
79.0

98.0
455.0
83.0

125.3

Cleveland
Richmond
Atlanta _ _
_
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

165.0
78 0
122.4

78.0
111. 5
149.0

101.0
101.1
104.8

188.0
67.6
78.3

206.0
83.7
39.8

447.0
72.6
52.6

383.0
49.7
49.3

1.3

67.2
57.4
215. 0

62.0
74.4
168.0

56.8
28.4
123.8

1.3

1,678.5

1, 819.5

1,250.7

_ _
_
._

143.0
60.8
36.5

1.0

62.0
10.1
170.8

.

Total

1,109. 4

1.0

Back figures.—See Annual Report for 1930 (Table 82), 1929 (Table 76), 1928 (Table 20), etc.

125554—32




11

100.6

152

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

MEMBERSHIP IN PAR COLLECTION SYSTEM
No. 88."—NUMBER OF BANKS ON PAR LIST AND NOT ON PAR LIST, BY DISTRICTS

End of month (1931)

Nonmember
Nonmember
Nonmember
banks *
banks l
banksi
MemMemMember
ber
ber
banks On par Not on banks On par Not on banks On par Not on
list par list
list par list
list par list
Boston district

January
February..
March
April
May
June
July
August
September.
October.-.
November.
December.

396
395
393
391
389
387
386
384
384
383
383
373

New York district
911
910
907
902
903
902
897
884
875
864
859
841

260
260
259
259
257
255
255
255
255
250
252
234

394
395
393
392
390
387
384
377
373
366
362
340

Philadelphia district
752
751
751
748
745
744
743
742
738
725
718
715

448
443
442
441
434
428
426
423
412
373
370
358

Cleveland district
January. -.
February..
March
April
May
June
July
August
September
October
November.
December .

Richmond district

Atlanta district

761
749
740
734
727
719
719
711
702
673

932
924
920
907
902
889
881
858
841
810

655

792

469
467
466
462
462
458
456
452
442
420
416
403

383
381
375
372
372
371
369
366
364
356
352
349

Chicago district
January
February. _
March
April
May
June
July
August
September.
October.-.
November.
December.

1,074
1,066
1,056
1,053
1,040
1,009
996
983
957
927
922
903

3,151
3,131
3,092
3,065
3,037
2,940
2,893
2,812
2,702
2,667
2,586

1

868
863
861
859
856
854
848
845
844
836
830
824

1,883
1,862
1,856
1,841
1,825
1,804
1,784
1,765
1,737
1,692
1,662
1,633

441
443
437
441
437
432
432
430
419
408
403
381

239
242
241
243
243
249
256
254
255
255
250
248

195
198
198
204
207
211
221
218
220
211
215
216

505
504
503
506
506
506
504
501
500
488
474
465

1,389
1,381
1,379
1,374
1,365
1,362
1,359
1,349
1,331
1,297
1,278
1,240

408
423
426
438
438
441
445
444
435
423
418
405

Dallas district
672
671
666
661
658
658
657
653
645
625
622
617

556
552
546
543
538
535
528
523
508
483
475
468

177
173
171
170
167
162
160
160
158
158
152
150

847
848
845
845
845
843
840
839
832
809
798
792

Minneapolis district

St. Louis district

Kansas City district
January
February. _March
April
May
June
July
August
September..
October
November..
December..

512
509
509
505
500
497
493
488
471
448
447
445

636
636
633
628
622
615
614
605
597
588
583
579

485
483
479
469
459
446
441
429
412
398
395
386

1,003
1,006
1,002
1,003
999
981
970
959
935

881

San Francisco district
211
212
211
214
215
212
214
217
220
226
225
223

579
575

53
7
572
562
559
557
553
546
541
535
522

610
605
602
601
597
593
587
583
573
564
563
549

61
61
60
60
61
61
61
61
60
59
58
55

Incorporated banks other than mutual savings banks.
'ck figures—See Annual Reports for 1930 (Table 83), 1929 (Table 77), 1928 (Table 81), 1927 (Table
71), 1SI26 {Table 64), 1925 (Table 65), 1924 (Table 71), 1923 (Table 71), 1922 (Table 73), 1921 (Table 71),
1920 (Table 63), 1919 (Table 55), and 1918 (Table 48).
R




153

MBMBEKSHIP IN PAR COLLECTION SYSTEM

No. 89.—NUMBER OF BANKS ON PAR LIST AND NOT ON PAR LIST, BY STATES,
ON DECEMBER 31, 1930 AND 1931
1930

Nonmember banks

State
Member
banks

New England:
Maine
New Hampshire.
Vermont
Massachusetts
Rhode Island Connecticut

. _

.
...
_

South Atlantic:
Delaware
Maryland
District of Columbia
Virginia
West Virginia
North Carolina
South Carolina
_
Georgia
Florida

West South Central:
Arkansas
_
Louisiana
Oklahoma
__
Texas
Mountain:
Montana
Idaho _
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada

.._

_.

Total

...

_
_ _
-

.

PacificWashington
Oregon.
California

Not on
par list »

On par
list

__

54
57
45
173
14
65

42
15
43
79
10
92

45
53
45
164
14
64

36
16
41
67
10
83

263
166
555

598
332
854

235
122
438

370
211
495
262
166

584
654
1,073
543
534

1
7
25
1
233

315
180
429
213
152

494
553
846
442
496

8
24
3
228

265
254
179
107
97
170
249

199
883
896
28
90
433
761

543
97
55
190
141
167
3

245
211
165
86
86
161
237

160
684
759
19
49
318
689

482
103
60
145
129
176
6

20
78
12
166
126
61
40
102
57

34
150
29
177
144
37
13
26
38

97
10
224
110
248
99

20
74
12
153
99
49
28
90
54

35
130
28
160
109
31
9
21
35

86
10
207
78
231
95

132
99
106
32

357
119
16
11

27
227
180
217

125
88
93
27

347
98
10
9

22
215
157
200

96
23
298
533

127
161
11
136

64
35
252
572

83
17
255
441

125
154
23
150

78
56
29
119
29
15
38
10

73
79

25
1

50
141
24
23
61
25

4
6
1
3

71
48
30
108
28
13
35
10

61
73
45
125
21
16
53
22

24
1
4
3
1
3

140
118
208

149
85
202

40
20

125
103
191

125
76
189

36
18

8,052

10,956

3,437

7,246

9,181

3,207

*Incorporated banks other than mutual savings banks.
Backfigures—See Annual Reports for 1929 (Table 78), 1927 (Table 72), and 1925 (Table 66).




Not on
par list *

73
35
270
635

-- -

_

On par
list

Nonmember banks
Member
banks

654
358
923

-

Middle Atlantic:
New York
New Jersey
Pennsylvania
East North Central:
Ohio
Indiana
Illinois
Michigan
_
Wisconsin
West North Central:
Minnesota
Iowa
Missouri
North Dakota
South Dakota . _
Nebraska
Kansas. . _

East South Central:
Kentucky
Tennessee
Alabama
Mississippi

1931

154

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

EARNINGS AND EXPENSES OF EACH RESERVE BANK
No. 90.'—TOTAL EARNINGS, CURRENT EXPENSES, AND N E T EARNINGS OF EACH
RESERVE BANK, AND DISPOSITION MADE OF N E T EARNINGS, 1914-1931
Earnings and expenses

Total earnings

Current
expenses

Net earnings i

Disposition of net earnings

Dividends
paid

Franchise
Transferred tax paid to
to surplus IT. S. Government

All Federal reserve banks:
$637,194, 880 $190, 529, 701 $407, 582,161 $50, 630,418 $217,837,100 139,114,643
1914-1924
41, 800, 706 27, 528,163
9, 449, 066 6,915,958
59,300
1925
2,473,808
47, 599, 595 27, 350,182 16, 611, 745 7, 329,169
818,150
8, 464, 426
1926
43, 024,484 27, 518,443 13, 048, 249 7, 754, 539 5, 044,119
249, 591
1927
64, 052, 860 26, 904, 810 32,122, 021
8,458,463 21, 078,899
2, 584, 659
1928
70, 955, 496 29, 691,113 36, 402, 741 9, 583, 913 22, 535, 597 4,283, 231
1929...
36, 424, 044 28,342, 726
7, 988,182 10, 268, 598 - 2 , 297, 724
17, 308
1930
29, 701, 279 27,040, 664
2,972, 066 10, 029, 760 -15,215,962
1931.__
970, 753, 344 384, 905, 802 526,176, 231 110,970, 818 259,920, 263 147,126, 882

Total
Boston:
1914-1924
1925
1926
1927
_.
1928
1929._
1930
1931

42, 723, 936 13, 586, 419 27, 458,128
3, 288, 546 2, 025, 855 1,140, 581
3, 319, 077 2,032,412
1,156,873
2, 975, 357 1,976, 935
837, 612
4, 465, 342 1, 870, 003 2,316, 522
5,160, 831
2, 232,109
2, 766,134
2, 368, 086 2, 077, 792
253, 777
1, 800, 619 1,948, 480
-140,230

.

. 46, 242, 525 14, 046, 089 30,169,932
3,135, 550
2, 036, 268 1,078,120
3, 626, 648 2, 056, 274 1, 533,733
3,363,626
2,106,682
1,176, 469
5, 394, 546 1,986, 242
3, 282, 641
6, 076, 048 2,197, 891
3, 801,988
2,996, 243
2, 041, 627 1,102, 771
2, 714, 016 1,985, 586
884,172
73, 549, 202 28,456, 659

Total

43,029,826

I

_ -.

52, 230,396 15, 803,851 32, 042, 467
1, 210, 576
4,013, 456
2, 599,629
1, 660, 762
4, 517, 884 2, 531,746
4,197, 836
2, 610, 474 1,108,190
6, 250, 553 2, 596, 814 3,180, 715
3,705, 442
6,986, 580
2, 785,979
783, 777
3, 585, 202 2, 649, 497
78, 545
3, 038,083
2. 623. 842
84,819,990 1 34, 201,832

Total
Richmond:
1914-1924
1925
1926
1927
1928
1929
1930
1931

7, 111, 395

35, 789, 397

280, 671, 454 91, 754, 366 179, 571, 049 33, 348,888

Total
Cleveland:
1914-1924
1925
1926
1927
1928
1929.
1930
1931

8, 228, 656 20,038, 563

27, 750, 005

45,962

193, 459, 830 45, 565,153 139, 595,280 12, 839, 729 58,749, 289 68, 006, 262
1, 888,196
10, 217,174
1, 215,102
6, 325, 202 3,103, 298
10, 600, 968 6,421, 442
1, 649, 557
3, 749, 748 2,100,191
10, 647, 759 6, 472,171
3, 720, 601 2, 327, 355 1,393, 246
18,483, 042
6, 444, 265 11, 018, 433 2, 743, 725 8, 274, 708
19, 314, 279 7, 052, 465 12, 263, 224 3, 544, 314 8, 718, 910
10, 393,189
574, 605
6, 826, 564 4, 588, 384 4, 013, 779
7, 555, 213 6, 647,104
1, 532, 081 3,891,599 ~ 5 , 498, 265

Total
Philadelphia:
1914-1924
1925___ .
1928
1927--1928
1929.__
1930
1931

7,065, 433

66,101, 794

Total..
New York:
1914-1924
1925
1926 _
1927
1928
1929
1930 _
1931

4, 010, 509 16, 382,186
502, 648
637, 933
525, 023
585, 888
550,446
287,166
590, 830
1, 725,692
634,112
2,132,022
705, 949
-452,172
709,139 -1,260,152

-

- -

30,783, 651
2,182, 460
2,429,017
2, 086, 303
2, 857, 648
3, 299, 609
1, 641, 390
1,389,086
46, 669,164

43, 770, 474

9, 996, 851 18,985, 261
1,451, 614
576,110
1,383,939
727,645
1,379,402
497,711
1,402,392
1,118,960
1, 587, 244 1,342, 225
1, 569, 034
-28,797
1,491, 663
-156,646
20, 262,139

23,062,469

75, 077,152

68, 006, 262

4, 551,745 20,059, 286
673, 212
404, 908
730, 598
803,135
781, 540
394,929
843,755
2,438,886
938,312
2,863,676
1, 002,602
100,169
1, 004, 836 -579,380

5, 558,901

10, 526, 600 26,485, 609

5, 558,901

5, 570,933 22,461,833
431, 765
778,811
852, 257
808, 505
275, 607
832, 583
2,323,872
856,843
2,795,435
910, 007
-169,157
952,934
936, 513 -1,331,299

4, 009, 701

27, 640,313

4, 009, 701

2, 718, 232 11,701, 023
217,948
358,162
279, 216
363, 957
125,481
372, 230
74, 828
370, 683
97,362
368, 601
-382,269
353,472
-630, 773
340,360

4, 566, 006

5, 245, 697 11,482,816

6,200,189

11, 647,129

i Total earnings less current expenses, depreciation charges, and net losses.



84, 472
673,449
876,262

155

EARNINGS AND EXPENSES OF RESERVE BANKS

No. 90.—TOTAL EARNINGS, CURRENT EXPENSES, AND N E T EARNINGS OF EACH
RESERVE BANK, AND DISPOSITION MADE OF N E T EARNINGS, 1914-1931 —Con.
Earnings and expenses
Total earnings
Atlanta:
1914-1924 .
1925
1926
1927
1928
1929 ... _.
1930
1931
Total
Chicago:
1914-1924 ..
1925
1926
1927
1928
1929
1930
1931
Total
St. Louis:
1914-1924
1925
1926
1927
1928
.
1929
1930
1931
Total
Minneapolis:
1914-1924
1925
1926
1927
1928 . .
1929
1930
1931
TotalKansas City:
1914-1924
1925
1926
1927
1928 . .
.
1929
1930
1931
Total
Dallas:
1914-1924
1925
1926
1927
1928
1929
1930
1931
TotalSan Francisco:
1914-1924
1925
1926
1927 „
1928
1929
1930 _
1931
Total-_

..

.
_

Current
expenses

Net earnings

Disposition of net earnings
Dividends
paid

Franchise
Transferred tax paid to
to surplus U. S. Government

_$29, 640, 082 $8,706,623 $18,338,900 $2,065,121 $8,950,309
26,191
276,488
-250, 297
2, 072, 378 1, 225, 733
1, 389,168
1, 228, 327
296, 573
931,754
3 045,867
305, 817
364, 087
2, 067, 839 1, 264,156
669,904
1, 253,134
312, 259
558,425
1, 693, 985
3, 578,156
1, 513, 239 1, 428, 518
321, 696
303, 032
. 4,116, 049
_
1, 372, 882
323, 307
323, 307
1 963 724
1, 268,776
313,247
-408, 652
1,448,835
4, 214, 508 10, 448, 658
47, 932, 930 17, 993, 711 23, 709,132
92, 659, 590 26, 293, 731 60, 910,020
1,121,273
5, 424, 663 3, 744,039
6, 567, 043 3, 824, 437 2, 253,923
3, 887, 058 1,927, 645
6,167, 352
8, 936, 418 3, 696, 679 4,763, 429
9, 889, 451 4, 092, 369 5,424, 665
3,805,117
1, 054, 328
4, 834,153
609, 895
3, 524,401
4,143, 601
52, 867,831 78, 065,178
138, 622, 271

$7,323,470

823, 301
803, 790
8,950, 561

6, 865, 271 30, 425, 574 23, 619,175
934,016
187, 257
1, 267, 964
985, 959
1,029,990
897,655
1, 099. 761 3, 663, 668
1,170,363
602,838
3, 651, 464
1, 211,418
-157,090
1,170, 633 - 1 , 525, 481
14, 467,411 38,411,011 24, 222, 013

26, 963, 650 10, 517, 740 14, 540,132
-93, 540
1,390,099
2,055, 637
683,022
2, 511, 509 1,380,104
775,681
1, 368, 664
2,228, 079
785,159
1,336, 794
__. _ 2,901,925
885,884
3, 247, 936 1, 438,418
1,114
1, 745, 685 1,398,936
-61, 263
1, 350, 924
1,188, 631
17, 516,189
42,843, 052 20,181,679

2, 364,080
306, 753
314,420
317, 727
321,855
319,231
315,839
289,409
4, 549, 314

9, 970, 704
-400, 293
368,602
457, 954
423,011
56, 665
-314, 725
-537,142
10,024,776

2, 205, 348

6, 843,479 13,095,864
234, 954
1, 097, 829
1, 063, 757
448, 033
1,048, 746
296, 077
614, 704
1, 000, 474
794, 762
1,022,009
193, 589
976,867
45,805
918,942
13, 972,103 15, 723, 788

1,806, 767
193, 560
187, 609
180,726
181, 203
184,030
184,445
180,455
3, 098, 795

7,496,848
4,139
26,043
11, 535
43, 350
61,073
914
-787,651
6,856, 251

3, 792,249
37, 255
234,381
103,816
390,151
549, 659
8,230

31, 373, 094 12,172, 045 16, 560,069
1, 727,443
282,921
2,309, 985
1, 682, 928
756,469
.. 2, 677,340
1, 677,215
414, 726
2, 304,938
659,760
1,661,980
2, 597,968
1, 830, 833 1, 013, 586
2,976, 576
1, 667, 667 1,784,609
-200,976
-185,486
1, 555, 084 1, 664,282
47,462, 652 24,201, 335 19, 301, 069

2,312, 651
258,426
252, 764
252, 753
253,254
256, 549
259,397
253,621
4,099,415

8,976,661
2,450
50, 370
16,198
40,651
75, 704
-460,373
-577,381
8,124,280

5, 270, 757
22,045
453, 335
145,775
365,855
681,333

21,686,346
1,438, 341
1, 622,333
1, 390, 031
1, 710, 304
1,926,031
1,235,082
936, 604
31, 945, 072

.

9, 668,766
9,349,899
278,135
1, 223, 344
857, 211
1,178, 731
568,209
1, 267, 338
713,455
1,245,479
770, 391
1, 384,876
272, 597
1, 341,153
111, 982
1, 257,884
18,248, 704 13,240, 746

2,076,371
7, 592,395
255,239
22, 896
599, 709
257, 502
256,310
311,899
258, 544
163,301
244,417
266, 613
1,009
262, 510
254,878 -1,311,351
3, 887, 967 7, 624,275

47, 342, 724 17, 647,821 26, 217, 342
3,848,890
2,681,108
490,447
4, 554,860
2,405, 244
1, 555,999
2,459, 602
1,055,424
. . 3, 853,442
4, 757, 292 2, 410, 554 1,974, 258
5,466, 076
2, 553, 681 2, 205,922
2,408, 510
2,498, 648
-355, 689
2, 717, 520 2, 358, 780
253, 211
74,949, 314 35,015,438 33,396,914

3,449, 009 15,070,992
490,447
506, 068
1,049,931
547,062
508,362
625, 751
1,348,507
670,085
1, 535,837
682,946 -1,038,635
685,070
-768,435
7, 656, 438 17, 706, 559

22, 089,056
1,813, 626
2,127, 049
1, 741,922
2,119,666
2,496,030
1, 585,113
1, 213,987
35,186, 449

Back figures.—See Annual Report for 1930 (Table 85).




40, 293
509, 988
2, 755, 629

5,115, 741

6,939,100

291, 610
259, 361
9,078
560, 049
7, 697, 341

7, 697, 341

No. 91."—EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS DURING
EARNINGS
Total
Discounted bills
Purchased bills
United States securities. _.
Deficient reserve penalties
Miscellaneous
__.
Total earnings

$9,820,546
5,009,541
12,428,297
296,960
2,145,935

Boston

New
York

Philadelphia

Cleveland

Richmond

Atlanta

$416,255 $1,661,805 $1,407, 303 $1, 236, 556 $795,652
124, 060
460,504 1,638,210
213,784 423,8S6
825,952 3,613,854 969,430 1,147,751 390,97"
28, 362
4,749
17,425
14,934
36,323
50,036
93,159 623,919 108,565 193,567

Chicago St. Louis

$762,143 $939, 567
238,179| 764, 703
298,943 1,937, 290
32, 290
32, 746
116,824 469, 751

177,420
560,695
21, 800
39,947

29,701, 279 1,800,619 7, 555,213 2,714,016 3,038,083 1,389, 086 1,448,835 4,143,601 1,188,631

1931
Minneapolis
132,999
597, 518
7,726
29, 772

Crc
San Francisco

Kansas
City

Dallas

$544,242
221, 530
499, 884
6,948
282,480

$408,025 $1,091,640
142,432
- —
471,834
613, 368 972,636
73,495
20,162
30, 000 107,915

936,604 1, 555,084 1, 213,987 2,717, 520

CURRENT EXPENSES
Salaries:
Officers-_
Clerical employees
Other employees
Governors' conferences
Federal advisory council
Directors' meetings1
Traveling expenses
Assessments for Federal Reserve Board's
expenses
Legal fees
Insurance on currency and security shipments
_Other insurance.
Taxes on banking house
Light, heat, and power
Repairs and alterations, banking house.
Rent.__
Office and other supplies
_
Printing and stationery
Telephone
....
Telegraph
Postage
Expressage
Miscellaneous expenses
Total, exclusive of cost of currency
Federal reserve currency:
Original cost
Cost of redemption
Total current expenses. _




I
$2,706,834
11,533,467
2, 773,960
4,517
13, 705
175,112
214, 581

$133, 346 jpooAJ y y * $135,000 $224,100 $185,418; $231,866 $325,015 $178, 752 $118,135 $191,600 $176,824 $251, 784
873,061 3, 236,910 909, 705 1,024, 587 598,104! 403, 400 1, 533, 928 544,859
330, 399 627, 918 498,474 952,122
131,658 385, 558 156, 579! 82, 715 414, 510 138, 375 102, 520 227, 828 122,940 238,454
126,913 645,910
250
51
343
1,118
160
141
232
276
611
507
713
1151
1,035
800
782
2,550
1,300
815
853
1,300
1,316
1,300
1,155
4991
12, 229
6,1
8,938
24, 315
20,494
22, 741
17,053
7,062
31, 359
10, 308
5,731
8,246
23,438
16, 074
24, 597
17, 565
8,724
16,154
16, 767
6,464
36, 261
17,990
17,886
12,661

718, 554
81, 507

53, 712
2,393

236,667
1,000

517, 284
419, 504
1,496, 288
332,989

63,978
30,184
131, 565
22, 070

110,689
53,302
410,002
71,847

95,166
166, 393
331,442
371,615
242, 971
494, 927
1,628, 864
445,942
795,896

2,649
480
19, 744
35,479
19, 522
6,169
186,691
45,162
47,708

75, 583
64, 740
76, 274
63, 248
287,160
105,618
227, 710

19,367

71,036
2,842
65,935
34, 484
39,968
19, 282

72,450
5,913

28, 034
707

26,127
3,061

97, 092
11, 769

25,106
5,120

16, 482
14,865

21,009
11, 395

21, 441
10,914

48,498
11, 528

54,139
35,041
127, 758
35,031

30,171
23,101
65,430
13,822

30, 734
27,052
60, 515
15,697

61,130
44,642
290,102
31, 227

10, 945
25,641
65, 393
19, 579

12, 410
31,671
69, 505
16, 208

15, 508
48,437
92, 363
37,902

22, 332
26,957
38,478
21, 252

39, 313
38,992
105,209
29,072

14,147
1,080
33, 086
24, 406
32,109
13,952
154, 772
57, 536
66,451

12,062
87, 291
33, 388
36, 013
16,689
33, 488
143, 792
34, 958
58, 259

1,681
14,195

2,846
5,288
16, 236
18, 166
7,793
69,365
81, 794
36,619
36,840

7,6

11,483
3,000
15.157
23,676
13,957
39,994
78,620
13, 076
38.158

5,438

9,337

40, 289
61, 727
22,872
38,656
217,127
52, 743
95,858

13, 280
14, 784
5,584
17, 664
52, 523
11, 779
32,687

21, 262
20, 314
8,753
58, 542
118, 231
17, 926
44,198

3,645
1,500
12,497
20, 091
11,884
53, 226
84, 528
19, 423
41,130

4,831
53, 559
33,801
30,642
18,339
67,188
113,614
24, 268
71,881

17,119

21, 277
9,195
33, 435
110, 012
26,834
35, 016

25, 561, 518 1, 814, 481 6,298,732 1,831,010 2,448, 466 1, 392, 551 1, 203,678 3,377,871 1,294,117
1, 386,199
92, 947
27, 040,664

123, 507
10,492

92, 549
335,832 143,688 165,003
50,143
59, 741 135, 718
6,563
6,664
10, 373
5,357
10, 812
12, 540| 10, 888
6,647,104 1,985,586 2,623, 842 1, 491,663 1, 268, 776 3,524,401 1,350,924

892, 488 1,614,413 1, 215,866 2,177,845
23, 386
3,068

45,926
3,943

39,188
2,830

171,518
9,417

918, 942 1, 664, 282 1, 257,884 2, 358, 780

PROFIT AND LOSS ACCOUNT
Earnings
__ _
$29,701,279
27, 040,664
Current expenses
Current net earnings
2, 660,615
Additions to current net earnings:
Withdrawn from reserve for probable losses
187, 010
Profit on United States Government
2, 851,148
securities sold
149, 504
Allother
Total additions
3,187, 662
Deductions from current net earnings:
Bank premises—depreciation...
1,888,443
Furniture and equipment
._
158,667
527, 033
Reserve for probable losses
302,068
Allother
Total deductions
2,876, 211
Net additions to current net earnings. _
_
311, 451
Net earnings
2, 972, 066
Dividends paid _
_
_. .
10, 029, 760
Excess of expenses and dividend payments over earnings
7, 057,694
Franchise tax paid United States Government

$1,800,619 $7, 555, 213 $2, 714, 016 $3, 038, 083 $1, 389, 086 $1, 448, 835 $4,143, 601 $1,188,631
1, 948,480 6,647,104 1,985, 586 2,623,842 1,491,663 1, 268, 776 3, 524,401 1, 350,924

17,662 - 1 0 9 , 1 9 8

- 4 3 , 897

358, 740

138, 045
4,666

92, 552
3,585

372, 772
450

114,673
25

317, 595

142, 711

96,137

373, 222

114,698

xn

233,682
8,883

175, 332
28,496

92,051
10,947

160,511
5,204

188,841
13, 214

O

30,707

12,737

II, 570

6,710

46,633
12, 058
150, 000
8,652
217, 343

220, 227

908,109

728, 430

414,241 - 1 0 2 , 5 7 7

37, 010

150 000

150,484 1,009,517
97,890
3,551

218,654
384

262, 701
6,240

82,148
2,165

44, 542
1,056

211, 754
15, 203

153, 306
14, 289

154, 035 1,107,407

219, 038

268,941

84, 313

45, 598

263, 967

387
722
000
528

121, 264
7,434
9,684

84, 007
5,608
127, 033
9,009

-147,861

180, 059

$936,604 $1, 555, 084 $1, 213, 987 $2, 717, 520
918,942 1,664, 282 1, 257,884 2, 358, 780

619, 200 - 1 6 2 , 2 9 3

122, 047
6,300

389,688
14,728

22,073

18,057

79,019

41,223

274,
23,
250,
56,

146, 404

483,435

63, 296

604,637

138, 382

225,657

273, 272

216, 565

114, 568

172, 425

7,631

623,972

155, 742 - 3 3 5 , 6 9 6

-54,069

-180,059

- 9 , 305

101, 030

28,143

-76,288

78, 545 - 1 5 6 , 6 4 6

609,895

- 6 1 , 263

45,805

-185,486

111, 982

340, 360

313, 247 1,170, 633

289,409

180 455!

9*2 fi9,1

254, 878

685, 070

497, 006

313, 247

134,650

439,107

142, 896

431, 859

-140,230 1, 532,081

884,172

709,139 3,891,599 1, 004,836
849,369 2, 359,518

120,664

936, 513
857,968

560, 738

350,672

18,172

155,879 - 1 0 5 , 529
253, 211

-

._

$133,640
79, 917

$7, 557
4,432

$14,762
14,431

$11,477
4,057

$16,187
4,782

$6, 263
6,663

$5,280
3,549

$14,159
20, 587

$10,815
5,642

$14, 767
5,065

$17, 491
3,132

$8, 572
2,084

$6, 310
5,493

213, 557

11,989

29,193

15, 534

20,969

12, 926

8,829

34, 746

16, 457

19,832

20,623

10,656

11,803

1 Except amounts included in items "Governors' conferences" and "Federal advisory council."
Backfigures—SeeAnnual Reports for 1930 (Table 86), 1929 (Table 80), 1928 (Table 84), 1927 (Table 75), 1926 (Table 68), and 1925 (Table 67 and Pt. II, Table 5).




xn
m
O

i

REIMBURSABLE EXPENDITURES OF FISCAL AGENCY DEPARTMENT
Salaries .
Allother
Total

X

I
>

158

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

CONDITION OF ALL BANKS IN EACH DISTRICT
No, 92.—ALL BANKS—TOTAL LOANS AND INVESTMENTS,

1925-1931

[In millions of dollars]

Date»

All
banks

NonMem- memAll
ber
ber
banks banks banks

Boston district
1925—Juno 30..
Dec. 31..,
1926—June 30..
Dec. 31...
1927—June 30..
Dec. 31...
1928—June 30..
Dec. 31._.
1929—June 29..
Dec. 31..
1930—June 30..
Dec. 31..
1931—June 30..
Dec. 31..

5,523
5,705
5,891
5,940
6,199
6,367
6,644
6,649
6,818
6,782
6,862
6,758
6,767
6,385

1925—June 30..
Dec. 31...
1926—June 30..
Dec. 31...
1927—June 30..
Dec. 31....
1928-June30-.
Dec. 31...
1929—June 29..
Dec. 31..
1930—June 30..
Dec. 31..
1931—June 30..
Dec. 31..

4,310
4,358
4,487
4,481
4,635
4, 689
4,898
4,854
4,927
4,869
4,840
4,712
4,550
3,770

2,234
2,362
2,409
2,428
2,536
2.583
2,642
2,571
2,613
2,561
2,592
2,511
2,456
2,185

3,289
3,343
3,482
3,512
3,063
3,784
4,002
4,078
4,205
4,221
4,270
4,248
4,311
4,201

Cleveland district
3,021
3,045
3.161
3,133
3,267
3,296
3,448
3,414
3,488
3,455
3,479
3,419
3,370
2,865

1,289
1,313
1,326
1,348
1,368
1,393
1,450
1,440
1,439
1,414
1,361
1,293
1,180
905

Chicago district
1925—June 30..
Dec. 31...
1926—June 30..
Dec. 31...
1927—June 30..
Dec. 31...
1928—June 30..
Dec. 31..
1929—June 29..
Dec. 31..
1930—June 30..
Dec. 31...
1931—June 30..
Dec. 31...

6,834
6,999
7,186
7,178
7,407
7,495
7,826
7,904
7,958
7,740
7,655
7,374
,619
5,643
Kansas City district

1925—June 30..
Dec. 31...
1926—June 30..
Dec. 31...
1927—June 30..
Dec. 3 1 1928—June 30..
Dec. 31...
1929—June 29..
Dec. 31..
1930—June 30..
Dec. 31..
1931—June 30..
Dec. 31..
1
r

NonMem- member
ber
banks banks

New York district
8,746
9,297
9,308
9,667
10,126
10, 947
11,098
18. 776 11,593
18,898 11,775
19, 494 12,316
19, 718 12, 385
19, 288 12, 023
19, 323 11,661
17,826 10, 565

14,398
14,925
15,364
15, 728
16,693
17f 502
18,202

5,652
5,628
6,056
6,061
6,567
6,555
7,104
7,183
7,122
7,178
7,333
7,265
7,662
7,261

Richmond district
2,333
2,392
2,401
2,395
2,423
2, 517
2,531
2,522
2,501
2,435
2,398
2,242
2,224
2,014

1,252
1,290
1,281
1,275
i,3ll
1,362
1,344
1,338
1,329
1,278
1,204
1,154
1,141
1,050

1,228
1,310
1,320
1,313
1,337
1.377
1,384
1,406
1,341
1,337
1,289
1,154
1,137
1,031

Minneapolis district

756
757
766
••747
759
752
756
757
757
736
724
599
581
510

791
831
808
807
831
898
918
993
957
936
870
822
803
724

1,571
1.567
1,549
1,495
1,485
1,527
1,549
1,555
1,539
1,507
1,455
1,396
1,363
1, 221

888
893
881
862
851
897
909
933
923
911
870
851
840
789

683
674
668
633
634
630
640
622
616
597
585
545
522
431

San Francisco district

Dallas district
1,015
1,069
1,044
1,029
1,064
1,136
1,163
1,247
1,217
1,179
1,105
1,037
1,012

Atlanta district

1,081
1, 102
1,120
1,120
1,112
1,155
1,187
1,183
1,172
1,157
1,194
1,088
1,083
964

St. Louis district
1,984
2,067
2,086
• 2,060
2,096
2,128
2,141
2,163
2,099
2,072
2,013
1, 753
1,718
1,541

Philadelphia district
3,652
3,811
3,920
4,034
4,115
4,241
4,365
4, 395
4,460
4, 395
4,420
4,321
4,339
3,784

224
238
236
222
233
238
248
254
260
243
235
214
209
171

3,693
3.872
3,937
4,068
4,077
4,227
4,300
4,523
4,443
4,472
4,375
4,270
4,194
3,973

2,545
2,669
2,688
2,842
2,961
3,084
3,149
3,169
3,105
3,192
3,109
3,246
3,182
3,005

1,148
1,203
1,249
1,226
1,116
1.143
1,151
1,354
1,338
1,279
1,265
1,024
1,012
969

Figures for nonmember banks are from reports of nearest available date.
Revised.
NOTE.—Table covers following classes of banks: National banks, State commercial banks and trust
companies, mutual and stock savings banks, and private banks under State supervision.
Backfigures.—SeeAnnual Report for 1930](Table 87).




159

ALL BANKS IN EACH DISTRICT
No. 93.—ALL BANKS—TOTAL LOANS, 1925-1931
[In millions of dollars]
Member
banks

All
banks

Date*

Nonmember
banks

Boston district
i925—June 30..
Dec. 31..
1926—June 30..
Dec. 31..
1927—June 30..
Dec. 31..
1928—June 30..
Dec. 31..
1929—June 29..
Dec. 31..
1930—June 30.
Dec. 31..
1931—June 30_.
Dec. 31..

3,530
3,682
3,779
3,817
3,930
4,021
4,226
4,271
4,434
4,508
4,440
4,319
4,130
3,835 I

1925—June 30...
Dec. 31...
1926—June 30...
Dec. 31...
1927—June 30...
Dec. 31...
1928-June 30...
Dec. 31....
1929—June 29...
Dec. 3 1 . . .
1930—June 30...
Dec. 31....
1931—June 3O.__.
Dec. 31___

2,874
2,959
3,037
3,067
3,098
3,100
3,237
3,279
3,380
3,413
3,272
3,142
2,896
2,397

1,602
1,692
1,690
1,708
1,744
1,765
1,849
1,824
1,871
1,910
1,836
1,750
1,588
1,390

i 2,011 863
899
! 2,060
j 2,135 902
923
2,144
919
2,179
! 2,162 939
972
2,266
988
2,291
i 2,376 1,004
1,004
| 2,410
937
! 2,336
880
! 2,262
i 2,113 783
I 1,807 590

3,181
3,276
3,374
3,388
3,461
3,519
3,698
3,812
3,792
3,770
3,682
3,406
3,025
2,632

1,992
2,043
2,077
2,109
2,114
2,064
2,113
2,121
2,254
2,183
2,081
1,964
1,593
1,218

Kansas City district
1925—June 30..
Dec. 31..
1926—June 30..
Dec. 31..
1927—June 30..
Dec. 31..
1928—June 30..
Dec. 31..
1929—June 29..
Dec. 31..
1930—June 30.
Dec. 31..
1931—June 30..
Dec. 31..

1,429
1,432
1,418
1,374
1,355
1,353
1,336
1,332
1,310
1,293
1,209
1,114
1,009
860

805
805
812
777
776
783
789
803
810
804
750
717
653
574

Nonmember
banks

9,357
10, 036
10,310
10, 793
11,388
12,166
12, 605
13, 435
13,801
14,252
14,009
13,174
12,442
11, 281

5,848
6,511
6,399
6,861
7,026
7,789
7,759
8,404
8,769
9,097
8,914
8,300
7, 537
6,609

3,509
3,525
3,811
3,932
4,362
4,377
4,846
5,031
5,031
5,155
5,096
4,874
4,906
4,672

Richmond district
1,803
1,863
1,865
1,865
1,841
1,871
1,881
1,879
1,865
1,813
1,730
1,581
1,491
1, 295

990
1,030
1,016
1,011
1,014
1, 028
1,021
1,022
1,010
974
888
842
785
693

813
833
849
854
827
843
861
857
855
838
841
739
705
603

St. Louis district

Chicago district
5,173
5,319
5,452
5,497
5,575
5,583
.1 5,810
5,810
5,933
6,046
5,953
5,764
5,370
4,618
3,850

Member
banks

New York district

1,928
1,990
2,089
2,109
2,186
2,256
2,377
2,446
2,563
2,598
2,604
2,569
2,542
2,445

Cleveland district

1925—June 30
Dec. 31
1926—June 30
Dec. 31
1927—June 30
Dec. 31
1928—June 30
Dec. 31
1929—June 29
Dec. 31
1930—June 30
Dec. 31
1931—June 30
Dec. 31

All
banks

624
627
606
597
579
570
547
530
499
489
459
397
356
287

1,494
1,563
1,575
1,541
1, 537
1,546
J.,535
1,546
1,531
1,526
1,485
1,247
1,145
1,006

950
952
946
930
953
942
954
937
955
910
787
702
623

638
668
650
652
654
694
692
736
705
714
653
601
560
480

NonMem- member
ber
banks banks

Philadelphia district
2,158
2,364
2,434
2,547
2,504
2,592
2,636
2,747
2,859
2,859
2,807
2,633
2,479
2,114

1,381
1,485
1,574
1,616
i,604
1,616
1,690
1,745
1,832
1,859
1,829
1,767
1,674
1,521

777
879
860
931
900
976
946
1,002
1,027
1,000
977
866
805
593

Atlanta district
1,412
1,647
1,518
1,458
1,373
1,369
1,378
1,346
1,345
1,262
1,166
1,045
938
845

877
995
939
927
885
888
910
895
898
855
791
726
646
593

535
652
579
531
488
481
468
451
447
408
375
319
293
252

Minneapolis district

617 'r 1,123
613 1, 096
623 ' 1,057
595 ' 1, 013
607
'974
592
'974
593
'966
592
'971
594
'965
571
'956
575
'894
459
837
442
798
382
700

Dallas district
837
875
855
841
853
891
895
938
914
907
842
766
718
602

All
banks

597
586
568
554
531
547
544
560
559
563
516
495
479
441

••626

'510
'489
'459
'443
'427
'422
'411
'406
'393
'378
342
319
260

San Francisco district
199
207
205
189
199
197
203
201
209
193
189
165
158
123

2,692
2,821
2,877
2,962
2,949
2,959
2,977
3,107
3,082
3,177
3,021
2,907
2,719
2,520

1,848
1,937
1,952
2,067
2,134
2,141
2,144
2,109
2,099
2,239
2,109
2,218
2,053
1,898

844
884
925
895
815
818

912
690
666
622

i Figures for nonmember banks are from reports of nearest available date.
' Revised.
NOTE.—Table covers following classes of banks: National banks, State commercial banks and trust
companies, mutual and stock savings banks and private banks under State supervision.
Backfigures—SeeAnnual Report for 1930 (Table 88).




160

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
No. 94.—ALL BANKS—TOTAL INVESTMENTS, 1925-1931
[In millions of dollars]

Date 1

All
banks

New York district

Boston district
1925—June 30.
Dec. 31.
1926—June 30.
Dec. 31.
1927—June 30.
Dec. 31.
1928—June 30.
Dec. 31.
1929—June 29.
Dec. 31.
1930—June 30.
Dec. 31.
1931—June 30.
Dec. 31.

1,993
2,023
2,112
2,123
2,269
2,345
2,418
2,378
2,384
2,273
2,422
2,440
2,638
2,550

632
670
719
720
792
817
793
747
742
650
756
761
868
794

1,361
1,353
1,393
1,403
1,477
1,528
1,626
1,632
1,642
1,623
1,666
1,679
1,770
1,756

Cleveland district
1925—June 30.
Dec. 31.
1926—June 30.
Dec. 31.
1927—June 30.
Dec. 31.
1928—June 30.
Dec. 31.
1929—June 29.
Dec. 31.
1930—June 30.
Dec. 31.
1931—June 30.
Dec. 31.

1,436
1,399
1,449
1,414
1,538
1,588
1,660
1,575
1,547
1,456
1,568
1,570
1,654
1,374

426
414
424
425
449
454
479
452
435
410
425
414
397
316

1,010
985
1,025
989
1,089
1,135
1,182
1,123
1,112
1,046
1,144
1,156
1,257
1,058

1,661
1,679
1,735
1,680
1,832
1,911
2,016
1,971
1,912
1,788
1,891
2,005
2,000
1,793

1,189
1,202
1,205
1,154
1,251
1,339
1,420
1,350
1,260
1,164
1,251
1,403
1,461
1,249

472
477
530
'526
1
581
572
596
620
652
623
640
601
540
544

Kansas City district
1925—June 30.
Dec. 31..
1926—June 30.
Dec. 31..
1927—June 30.
Dec. 31.
1928-June 30.
Dec. 31..
1929-June 29.
Dec. 31..
1930—June 30.
Dec. 31..
1931-June 30..
Dec. 31..

394
416
430
454
476
515
557
596
571
549
531
548
566
549

310
327
345
359
377
408
436
447
430
408
401
430
449
442

5,041
4,888
5,055
4,935
5,305
5, 336
5,598
5,341
5,097
5,243
5,709
6,115
6,881
6,545 i

2,898
2,785
2,910
2,806
3,100
3,158
3,340
3,189
3,006
3,220
3,472
3,724
4,124
3,956

2,143
2,103
2,145
2,129
2,205
2,178
2,258
2,152
2,091
2,023
2,237
2, 391
2,757
2,589

Richmond district
530
529
536
530
582
646
650
643
636
622
669
661
733
719

262
260
265
264
297
334
324
317
319
303
316
312
356
358

269
271
266
285
312
326
326
317
319
353
349
377
361

St. Louis district

Chicago district

1925—June 30....
Dec. 31....
1926—June 30...,
Dec. 3 1 - . .
1927—June 30...,
Dec. 31....
1928—June 30...
Dec. 31....
1929— June 29...
Dec. 31—
1930—June 30...
Dec. 31___
1931—June 30...
Dec. 31...

NonMem- memAll
ber
ber
banks banks banks

NonMem- mem- All
ber
ber
banks banks banks

85
95
99
107
122
149
141
141
130
117
117
107

489
503
511
518
558
583
605
617
568
546
528
506
574
535

! 350
359
368
366
406
423
442
452
405
381
1 379
| 366
' 435
407

Dallas district
178
194
189
189
211
245
268
310
302
273
263
271
293
293

'
!
i
i

153
163
158
156
177
204
224
257
251
222

217
221
243
244

139
144
143
••152
152
159
163
166
163
165
149
140
139
128

NonMem- member
ber
banks banks

Philadelphia district
868
1,494
1,447
852
1,485
845
1,487
862
1,611
927
1,650
972
1,729 i 966
1,649
921
1,601
878
1,535
828
1,613
884
1,688
966
1,114
1,860
1,037
1,670

626
595
640
625
684
678
763
728
723
708
729
722
746
633

Atlanta district
284
347
331
329
353
384
375
402
389
366
362
349
400
398

204
247
233
231
256
276
263
293
279
260
268
264
312
313

80
100
97
108
112
109
110
106

85

Minneapolis district
448
471
491
481
510
552
582
585
574
552
562
559
565
520

291
307
313
308
320
350
365
373
364
348
354
357
361
349

'157
••164
' 178
'173
'190
'202
'217
'212
'210
'204
'208
203
204
172

San Francisco district
1,001
1,051
1,060
1,107
1,128
1,267
1,323
1,416
1,361
1,295
1,353
1,362
1,475
1,453

697
732
736
776
827
943
1,005
1,060
1,007
953
1,001
1,028
1,128
1,107

304
319
324
331
301
325
318
356
355
342
353
334
346
346

* Figures for nonmember banks are from reports of nearest available date.
» Revised.
•
NOTE.—Table covers following classes of banks: National banks, State commercial banks and trust
companies, mutual and stock savings banks, and private banks under State supervision.
Backfigures.—SeeAnnual Report for 1930 (Table 89).




161

ALL BANKS IN EACH DISTRICT
No.

95.—ALL

BANKS—DEPOSITS

(EXCLUSIVE

OF

INTERBANK

DEPOSITS),

1925-1931
[In millions of dollars]

Datei

All
banks

Mem- Nonber member All
banks banks banks

Boston district
1925—June 30.
Dec. 31.
1926—June 30.
Dec. 31.
1927—June 30.
Dec. 31.
1928—June 30.
Dec. 31.
1929—June 29.
Dec. 31.
1930—June 30.
Dec. 3L
1931—June 30.
Dec. 31.

5,220
5,402
5,580
5,594
5,811
6,009
6,106
6,225
6,209
6,298
6,351
6,312
6,332
5,897

2,114
2,245
2,297
2,286
2,359
2,444
2,351
2,397
2,297
2,391
2,355
2,317
2,260
1,964

New York district

3,106 14,362
3,157 14,414
3,283 15,000
3,308 '15,295
3,452 16,264
3, 565 16,312
3,755 16,614
3,828 18,915
3,912 17,028
3,907 18,490
3,996 18,809
3, 995 17,894
4,073 17, 822
3, 934 16, 298

Cleveland district
1925—June 30.
Dec. 31.
1926—June 30.
Dec. 31.
1927—June 30.
Dec. 31.
1928—June 30.
Dec. 31.
1929—June 29.
Dec. 31.
1930—June 30.
Dec. 31.
1931—June 30,
Dec. 31.

4,043 !
4,079
4,227 !
4,146
4,332
4,355
4,498
4,526
4,523
4,452
4,439
4,299
4,138
3,354

2,782
2,805
2,930
2,883
3,035
3,029
3,139
3,165
3,190
3,154
3,182
3,114
3,042
2,500

6,740
6.858
7,009
6,972
7,171
7,327
7,517
7,667
7,543
7,381
7,287
7,131
6,446
5,416

4,188
4,288
4,344
4,318
4,465
4,649
4,806
4,914
4,721
4,617
4,615
4,558
4,265
3,616

1,261
1,274
1,297
1, 263
1,297
1,326
1,359
1,361
1,333
1,298
1,257
1,185
1, 096
854

1
r

1,922
1,950
1,920
1,924
1,916
1,957
1,962
2,028
1,929
1,909
1,841
1,736
1,635
1,408

1,113
1,140
1,154
1,148
1,158
1,185
1,208
1,241
1,207
1,190
1,187
1,158
1,101
980

r

5,496
4,945
5,794
5, 594
6,262
6,291
6,632
6,776
6,677
6,679
6,829
6,859
7,185
7,022

2,083
2,217
2,170
2,222
2,244
2,378
2,284
2,351
2,255
2,271
2,231
2,120
2,114
1,845

1,090
1,157
1,138
1,164
1,193
1,242
1,188
1,214
1,166
1,152
1,105
1,074
1,079
944

1,060
1,032
1,058
1,051
1,136
1,096
1,137
1,089
1,119
1,125
1,046
1,034
901

2,552
2,570
2,665
2,654
2, 705
2,679
2,712
2,752
2,822
2,764
2,672
2,574
2,181
1,800

810
766
776
758
773
755
787
722
719
655
578
535
428

1,904
2,031
1,985
1,965
1,976
2,053
2,002
2,045
1,911
1,962
1,879
1,678
1,669
1,442

1,097
1,182
1,171
1,186
1,187
1,250
1,215
1,256
1,177
1,213
1,172
1,072
1,057
932

807
849
814
779
789
803
787
788
733
750
706
606
612
510

Dallas district
1,006
1,099
1,008
1,053
1,049
1,182
1,146
1,290
1,177
1,186
1,108
1,055
1,007
866

764
822
761
800
800

897
885
989
911
913
867
820
789
686

Mem- Nonber member
banks banks

Philadelphia district
3,279
3,451
3,479
3,602
3,646
3,787
3,764
3,874
3,760
3,745
3,777
3,755
3,749
3,171

1,960
2,077
2,094
2,166
2,187
2,243
2,232
2,287
2,251
2,265
2,301
2,339
2,402
2,090

1,319
1,374
1,385
1,436
1,459
1,543
1,532
1,587
1,509
1,480
1,476
1,416
1,347
1,081

Atlanta district
1,704
2,107
1,805
1,741
1,674
1,736
1,640
1,673
1,581
1,548
1,441
1,347
1,304
1,153

1,027
1,220
1,108
1,092
1,066
1,104
1,072
1,093
1,041
1,020
994
944
916
817

677
887
697
649
608
632
568
580
540
527
447
403
387
337

Minneapolis district

St. Louis district

Kansas City district
1925—June 30.
Dec. 31.
1926—June 30.
Dec. 31.
1927—June 30.
Dec. 31.
1928—June 30.
Dec. 31.
1929—June 29.
Dec. 31.
1930—June 30.
Dec. 31.
1931—June 30.
Dec. 31.

8,866
9,469
9,206
9,701
10,002
10,021
9,982
12,140
10,351
11,810
11,981
11,035
10,637
9,276

Richmond district

Chicago district
1925—June 30.
Dec. 31.
1926—June 30.
Dec. 31.
1927—June 30.
Dec. 31.
1928—June 30.
Dec. 31.
1929—June 29.
Dec. 31.
1930—June 30.
Dec. 31.
1931—June 30.
Dec. 31.

Mem- Non
ber member All
banks banks banks

1,602
1,622
1,576 i
1,526
1,507
1,560
1,567
1,596
1,547
1,519
1,482
1,429
1,383
1,214

871
880

861

847
842
886
895
929
904
892
876
863
846
773

731
742
715
679
665
674
673
666
642
626
606
565
537
441

San Francisco district
242
277
247
253
249
285
261
301
266
272
241
235
218
180

3,747
3,994
8,973
4,116
4,073
4,253
4,297
4,576
4,391
4,529
4,310
4,281
4,182
3,756

2,568
2,744
2,716
2,883
2,974
3,114
3,160
3,200
3,068
3,247
3,056
3,265
3,172
2,854

1,179
1,250
1,257
1.233
1,099
1,139
1,137
1,376
1,323
1,282
1,254
1,017
1,009
902

Figures for nonmember banks are from reports of nearest available date.
Revised.
NOTE.—Table covers following classes of banks: National banks, State commercial banks and trust
companies, mutual and stock savings banks, and private banks under State supervision.
Bacic figures—See Annual Report for 1930 (Table 90).




162

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
CONDITION OF ALL BANKS, BY STATES

No. 9»6,—ALL BANKS—TOTAL LOANS AND INVESTMENTS, BY STATES, 1927-1931
[In millions of dollars]
1927

State

United States...
New England:
Maine
New Hampshire
Vermont
Massachusetts. .
Rhode Island._.
Connecticut...--

June
30

1929

1928
Dec.
31

June
30

June
29

Dec.
31

1931

1930

Dec.
31

June
30

Dec.
31

June
30

Dec.
31

I

53,750. 6 55, 450. 5 57, 265. 3 58, 266. 4 58, 474. 0 58,417. 0 58,108. 3 56, 208. 7 55,021.1 49, 704. 2
428.2
428. 3
412. 9
427. 3
437. 0
432.5
434. 8
430. 4
410, 0
411. 5
301.0
302. 8;
312. 5
299. 5
295. 8
297. 2
295. 0
311.3
282. 5
283. 6
254. 0! 256. 61 250.1
245. 61 236. 7
251.1
230. lj
221.2
235. 5
239. 3
4,137. 8 4,125.11 4,256.8 4, 224. 7 4,296.0 4,237.1 4,229.2| 3,938.9
3,862.9 3,959.9
537. 2\ 533. r
539. 6
536. 6
542. 61 517. 9
537.4
533.1
513. 5,
525.1
1,159.1 1,224.6 1, 282.1 1,302.5; 1,334.4 1, 336. 3 1,355.0 1,326.4 1,346.9 1,296.0

Middle Atlantic:
New York
New Jersey
Pennsylvania.-

.4, 581.115, 290. 4 15, 880. 7 16,438. 0 16, 563. 2 17, 222.1 17, 422. 3 17, 045. 6 17,128.015,792.0
\
i,
2, 255. 4| 2, 351. 5 ~ 451. 9 2,463.2 : 2,449.5 2, 388. 3 2, 404. 9 2, 349.8 2, 279. 91 2, 096. 3
'
2,
5,406.5 5,557.2 5, 742. 6 5,742.0 5,794.6 5, 703. 2 5, 779. 3 5, 658. 6 5, 663. 2i 4, 830. 6

East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin...

2, 552.1 2, 562. 6 2, 684. 5 2,662.8 2,715.1 2, 691. 5 2.628.6 2,543.8 2,436.9 1,981.7
880.9
875.9
890.2
862.9
810. 7
731. 8
897. 3
896. 3
669. 0
598. 7
3, 657. 2 3, 710. 4 3, 885. 5 3, 918. 3i 3,918.5 3, 802. 3 3, 814. 0 3, 703. 6 3,207.1 2,712.4
1,835. 2 1, 860. 9 1, 986.1 2, 019. 5! 2, 070. 0 2, 020. 6 1,982.1 1,897.4 1,744.1 1,489.8
904.9
938.5
871. 3
789. 5
905.9
943.1
953. 0
917.1
906. 7
889.1

West North Central:
Minnesota
Iowa
Missouri
North Dakota..
South Dakota..
Nebraska
Kansas
South Atlantic:
Delaware
Maryland
District of Columbia
Virginia
West Virginia...
North Carolina.
South Carolina.
Georgia
Florida
East South Central:
Kentucky
Tennessee
Alabama
Mississippi

922.4
901.4
896.1
926.7
877.3
915.3
915.7
861.8
850. 0!
786.
781.6
783. 3
788.0
756.3
791. 4
797. 3
707.6
682.8
1, 242. 3 1, 269.
1, 267. 0 1,276.0 1,175.8 1,199. 3 1,183. 0 1,119.4 1,102. 4
128.0
111.6
129.1
125.3
101.5
124. 7|
114. 7
93.1
88.6
126.8
137.5
120.3
132.0
131.2
136. 7
136.1
113.5
109.1
411.0
359.3
404.6
399.6
333.6
408.11 385.4
319.9
303.5
400.6
404.4
400.7
407.1
376.5
417. 4! 412. 9
352.0
326. 3!

772.8
546.6
996.2
74.2
88.8
245.5
310.5

131.6
788.5

136.3
837.

144.0
820.4

149. 5!
834. 5;

167.9
845.1

167.4
837.4

166.3
846.7

164.9
824.

165.
842.7

164.2
769.1

241.5
536.5
365.
387.8
180.8
352.2
401.9

236.5
560.0
364.5
408.0
190.2
360.
376. 6i

254.5
562.7
363.
416.2
195.9
371.6
357.9

253.1
563. 6
360. 7j
408. 2
184. 5
355. 7i
334. 9

256.0
554.3
357.6
390.4
181.0
352.4
311.5

244.5
551.4
345.1
369.5
168.6
334.4
258.3

242.8
540.5
333.5
354.1
159.6
328.6
213.5

247.8
508.4
319.0
278.1
141.4
299.6
192.1

249.5
489.1
301.7
277.8
137.4
291.4
189.7

249.1
454.7
254. 1
240.4
113.8
269.7
179.6

504.4
383.3
272.0
212.6

514.0
400.5
289.7
225.1

533.7
407.6
301.7
223.7

546. 6
413. 0
312. l!
220. 2

560. 3
432. 0
306. 9
222. 3

554.2
429.8
282.4
212.4

528.6
429.5
262.2
210.8

458.5
368.4
246.4
155.9

421.0
348.0
226.6
147.5

403.8
326.6
207.7
120.9

West South Central:
Arkansas
Louisiana
Oklahoma
Texas

198.8
202. 4
208. 2
199. 4
204.7
197.5
397.4
402.0
413.1
429. 4
426. 9
429.2
370.7
395.2
379.6
404. 8
409. 9
400.5
942.8 1, 008. 0 1, 032. 2 1,105.8 1,071.6 1, 036. 4

194.1
396.1!
380. 8
966.5

130. 9
384.8
359. 6
9C

135.4
376.8
327.
885.0

106.7
355.4
288.4
781.3

Mountain:
Montana
Idaho
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada

130.2
73.2
51.8
256.1
31.8
61.9
140.8
35.7

134. 8|
76.1
54.8!
241. 5|
39. 9j
75.3
159. 31
36.9

127.5
73.6
51.7
254.5
36.1
69.5
155. 2
35.6

119.8
67.6
52.1
241.3
35.2
62.8
150.7
33.9

109.4
60.3
47.3
226.1
31.0
56.6
133.9
33.9

Pacific:
Washington
Oregon
California

140.9
78.3
54.
264. 2,
35.4]
66.4
152. 2!
35.9

147.6
79.0
55. 31
266.1
37.5
75.4
152.3
37.7

158.9
82.2
59.7
272.6
41.0
81.3
160.2
38.9

150.6
77.2
58.5
265.4
40.
84.9
158.0
40.5

144.1
80.7
57.6
262.3
40.6
81.2
161.7
38.0

44
406.6
423.1
439. 8
448. 6
459. 8
455.1
442. 2
386.4
253.0
260. 7| 262.2
263.1
229.4
260.0
260. 5
249.4! 238. 7
211.1
3,128. 2 3,234.91 3,281.11 3,478.2 3, 407. 7 3,420.0 3,352.7 3,284.9 3, 238. 9 3,115. 1

NOTE.—For classes of banks included see note to Tables 92-95. Figures for member banks are for dates
specified; for nonmember banks, for nearest date for which reports are available.
Buckfigures.—SeeAnnual Report for 1927 (Table 81).




163

ALL BANKS, BY STATES
No. 97,—ALL BANKS—TOTAL LOANS, BY STATES, 1927-1931
[In millions of dollars]
1927
State

June
30

1928

Dec.
31

1929

June
30

June
29

1930

Dec.
31

June
30

1931

Dec.
31

June
30

Dec.
31

United States . '37,378.1 '38,425.7 '39,483.0 '40,782.2 '41,531.3 '41,918.0 '40,637.7 38,134. 9 35,384.1 31,305.5
New England:
Maine
New Hampshire
Vermont
Massachusetts^.
Rhode IslandsConnecticut
Middle Atlantic:
New York.__
New Jersey
Pennsylvania
East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin

196.2
228.8
230.3
229.1 216.9
194.5
209.
214.0
230.6 231.5
147.8
140.0
157.7
150.8
145.5
141.4
140.0
147.7
149.3
157.5
149.0
162.1
145.5
137.5
155.0
151.6
156.1
158.
155.2
158.4
2, 637. 3 2, 691. 0 2, 831. 8 2, 844. 7 2, 947. 5 3, 007. 5 2, 954. 8 2, 883. 4 2, 714. 0 2,489. 2
286.6
306.6 310.7 303.9
277.0
263.7
276.5
285.1
290. 0
274.3
783.4
794.
779.2
741.2
702.5
738.6
764.4
658.1
806.9 803.7
1,281. 7112,754. 712,570.811,795. 211,, 140. 2 10,095. 7
10,081.0 10, 787. LI, 148. 611, 931.612,
0
1,464. 8j 1,535.8 1,607.4 1,650.1 1, 664.2| 1,633.7 1,566.5 1,493. 1,398. " 1,263.6
3,136.4 3,206.7 3,309.6 3,433.1 3,568.2 3,574.7 3,483.8 3,282.6 3, 073. 4 2, 603. 6
1,895.8 1,906.2 1, 968. 8 1, 985. 6 2,030.2 2,057.4 1,981.6 1,904.5 1, 763. 2 1,407. 0
673. 8 658. 7 662.5 664.5
670. 61 648. 5 605. 3; 529. 8 468.8 402.6
2,694.2, 2,714.3 2, 831. 8 2, 902. 8 2,951. 6 2, 888.1 2,822.1! 2,585.1 2,121. 5 1, 755. 2
1,328.4! 1,330.7 1,424. 3 1, 455. 7 1,515.1 1,514.1 1,452.9! 1,386.0 1, 216. 9 1,087. 7
657.3
520.8
633. 4; 618. 3 642.8
676. 3 654. 7 631. 31 607. " 572.3

West N o r t h Centri
Minnesota
' 564. 81 ' 568. 5 ' 557. 9 ' 557. 8 ' 561. 0 ' 565. 2 '525.4!
670.8
646.0
Iowa
678.2
670.4
662.4
676. 0\
885.4 881.4
Missouri
835.1 868.1 850.1
891.1 902.9
93.3
83.2
72.8
North Dakota. _
99.9
91.1
88.
79.1
95.4|
93.3
96.4
91.6
South Dakota. __
91. Ol
94.3
95.8
291.8
272.1 241.5
338.7 335.3
312.9
Nebraska
298.3 295.6 292.6 276.9
311.5 303.0
Kansas
298.4
South Atlantic:
Delaware
Maryland
District of Columbia
Virginia
West Virginia...
North Carolina.
South CarolinaGeorgia
Florida

476.4

493.0

181.8
457.2
299.9
342.4
144.1
297.8
278.4

East South Central:
Kentucky
Tennessee
Alabama
Mississippi

510. 0
605.0
768.0
64.7
77.8
229.4
252.4

490.0

578. 3
684.0
61.0
72.0
209.8
225.5

447.6
386.1
595.6
48.2
53.9
165.5
206.0

98.2
502.6

119.3
515.9

119.0
518.3

114.6
495.8

109.9
480.1

102.4
456.1

95.8
399.1

176.7
469.8
299.9
348.6
144.4
295.3
252.0

92.6
484.4
190.4
467.6
294.9
358.9
147.6
312.8
235.5

190.8
466.8
294.4
349.4
138.8
287.9
213.0

194.3
456.1
288.6
335. 5
138.9
295.8
190.1

184.7
456.0
280.1
312.2
125.9
277.2
149.8

176. 7
438.1
263.8
298.9
117.0
266.5
109.0

167.6
413.5
253.1
226.9
101.3
240.7
92.9

158.3
390.3
230.7
217.
94.0
215.5
75.5

151.5
350.7
193.1
178.1
74.8
193.9
68.4

392.2
334.2
221.7
163.1

395.5
344.7
231.
172.3

404.4
343.
243.7
172.2

416.5
348.3
251.2
166.8

434.6
356. 8
249. 4
170.1

438.2
360.6
229.1
158.0

414.6
354.6
210.8
161.9

359.3
306.5
193.6
114.9

323.0
280.7
170.1
105.0

310.7
259.0
149.0
81.3

West South Central
Arkansas
Louisiana
Oklahoma
_
Texas

170.5
331.4
245.4
756.2

166.
336.1
246.0
793.4

167.6
330.6
255.1
793.6

160.2
340.1
255.4
831.4

164.4
345.7
262.2
803.4

155.2
347.5
253.4
798.6

157.4
319.2
247.0
739.0

101.8
300.6
225.9
677.5

277.3
202.3
631.1

75.1
258.8
166.4
526.9

Mountain:
Montana
Idaho
Wyoming
Colorado
New MexicoArizona
Utah
Nevada

83.8
47.8
37.4
159.4
20.3
42.5
111.5
27.9

88.1
48.6
38.4
164.3
22.8
44.
122. 5
27.8

94.5
48.0
39.0
165.8
23.8
51.2
119.4
28.7

100.1
49.5
40.3
173.6
26.2
51.8
123.5
29.8

94.2
48.5
40.3
171.4
25.9
54.3
122.0
30.8

87.
50.0
40.0
173. 51
25.71
49.9
126.0
29.2

79.9
47.1
39.3
153.0
24.8
46.5
121.4
28.2

69.1
44.5
36.3
149.0
22.3
38.7
116.1
27.1

65.1
39.9
36.9
131.4
21.7
34.0
106.9
25.7

55.3
32.9
32.2
117.6
17.8
28.6
91.7
25.1

Pacific:
Washington..
Oregon
California

78.4

262.5
275.8 278.5 286. 3 303. 6 296. 7 275. 0 257.5 230.9
261.1
149.6
147.6
145.7
145. 4
148. 0 140. 4
160.9
126. 8 111.7
93.1
2, 312. 7 2, 318. 6 2, 322. 6 2, 444.1 2, 413. 6! 2,487.1 2,356.9 2,292.5 2,158.1 2, 027. 5

r

Revised.
NOTE.—For classes of banks included see note to Tables 92-95. Figures for member banks are for dates
specified; for nonmember banks, for nearest date for which reports are available.
Backfigures.—SeeAnnual Report for 1927 (Table 82).




164

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
N o . 9 8 . — A L L BANKS—INVESTMENTS BY STATES, 1927-1931
[In millions o dollars]
f
1927
State

June
30

1928

Dec.
31

June
30

1929

Dec.
31

June
29

1930

Dec.
31

June
30

1931

Dec.
31

June
30

Dec.
31

United States... 16,372.5 17,024.8 17,782.3]17,484.2 16,942.7 16,499.0 17,470.6 18,073.8 19,637.0 18,398.7
New England:
199.2
217.0
218.3
206.7
201.9
213.8
213.3
203.3
196.0
201.6
Maine
143.6
153.2
154.8
153.9
151.7
142.5
153.5
148.7
153.5
148.0
New Hampshire87.7
95.0
94.6
91.6
80.5
95.2
90.4
84.6
83.7
87.8
Vermont
Massachusetts.. 1,225.6 1,268.9 1,305.9 1,280.4 1,309.3 1,217.2 1,341.2 1, 353. 7 1, 515.2 1,449. 7
248.6
252.3
226.9
222.4
239.2
247.2
235.7
254.2
265.6
Rhode Island.-.
250.1
522.1
543.5
539.5
529.4
501.0
538.2
551.3
554.9
567.7
Connecticut
543.0
Middle Atlantic:
4,500.1 4, 502. 7 4, 732.1 4,506. 4 4,281. 4 4,467.5 4,851.5 5, 250. 4 5, 987. 9 5,696. 3
New York
815.7
754.7
844.5
813.1
838.4
881.9
790.6
855.9
832.7
New Jersey
795.3
Pennsylvania... 2,270.1 2, 350. 5 2, 433.0 2,308. 9 2,226.4 2,128. 5 2, 295.6 2, 376.0 2,589.8 2, 227. 0
East North Central:
Ohio
—
Indiana
.._
Illinois
Michigan
Wisconsin

656.3
207.1
963.0
506.9
271.5

West North Central:
Minnesota
Iowa.
Missouri
North Dakota...
South DakotaNebraska
Kansas
__.

'331.3
107.3
351.2
29.2
29.3
65.9
89.2

656.4
677.2
715.7
217.2
232.8
227.7
996.1 1,053. 7 1,015.5
530.2
563.8
561.9
287.6
285.9
295.8

684.9
225.8
967.0
554.9
276.7

634.1
214.4
914.1
506.5
262.4

'353.9
108.6
366.9
34.7
33.5
75.7
97.6

'368.8
117.6
381.5
34.2
37.7
91.3
108.7

'357. 5
120.6
394.6
36.1
40.9
95.1
119.1

'354.7
128.9
340.6
31.5
40.8
93.6
117.3

'336.2
119.2
331.2
32.6
41.1
87.2
111.8

53.2
312.1

53.1
344.6

51.4
336.1

51.2
331.9

48.5
329.2

59.7
79.3
65.5
45.4
36.7
54.4
123.5

59.8
90.
64.6
59.4
45.8
65.3
124.6

64.1
95.2
68.9
57.3
48.4
58.8
122.5

62.3
96.8
66.3
58.8
45.7
67.8
121.9

112.3
49.1
50.3
49.5

118.4
56.0
57.9
52.8

129.3
63.9
58.0
51.5

28.3
66.0
125.3
186.6

32.
77.0
133.6
214.6

Mountain:
Montana
Idaho
Wyoming
Colorado
New Mexico .
Arizona
Utah
Nevada

46.4
25.4
14.4
96.7
11.5
19.4
29.3
7.8

52.8
29.
16.2
99.9
12.6!
22.2
29.7
8.1

Pacific:
WashingtonOregon
California

145.5
92.1
815.5

160.6
111.1
916.3

South Atlantic:
Delaware
Maryland
D i s t r i c t of
Columbia
Virginia
West Virginia...
North Carolina.
South CarolinaGeorgia
Florida
East South Central:
Kentucky
Tennessee
Alabama
Mississippi
West South Central:
Arkansas
Louisiana
Oklahoma
Texas

673.7
647.0
639.3
205.3
202.1
200.2
991.9 1,118.5 1,085. 6
529.1
511.4
527.2
281.2
275.4
298.9

574.7
196.1
957.2
411.1
268.7

'351.9
110.3
332.9
28.7
39.6
92.1
99.6

351.9
102.6
351.4
28.4
35.8
90.5
99.7

360.0
1015
418.4
27.6
37.1
93.6
100.7

325.2
160.6
400.6
26.0
35.0
80.0
104.6

48.4
319.1

51.8
350.9

55.0

344.6

63.4
386.6

68.4
369.9

61.6
98.2
69.0
54.8
42.1
56.7
121.4

59.8
95.4
65.0
57.4
42.7
57.2
108.5

66.1
102.4
69.6
55.2
42.6
62.0
104.5

80.1
94.9
65.8
51.2
40.1
58.9
99.

91.2
98.8
71.1
59.9
43.4
75.9
114.1

97.6
104.1
61.0
62.3
39.0
75.8
111.2

130.1
64.7
60.9
53.4

125.7
75.1
57.5
52.2

116.0
69.3
53.4
54.4

114.0
75.0
51.4
48.9

99.2
61.9
52.8
41.0

97.9
67.3
56.5
42.5

93.1
67.6
58.7
39.5

37.1
71.4
140.1
238.5

42.2
89.3
149.4
274.4

43.8
81.
147.
268.2

42.3
81.
147.1
237.8

36.
77.0
133.8
227.5

29.1
84.1
133.7
231.0

35.4
99.5
125.6
254.0

31.5
96.6
121.9
254.4

53.1
31.0
16.3
100.
13.
24.2
32.9
9.0

58.8
32.7
19.4
99.0
14.9
29.5
36.6
9.1

56.4
28.
18.2
94.0
14.8
30.61
36.0
9.7

56.4
30.8
17.6
88.9
14.8
31.3
35.
8.8

54.8
29.0
15.5
88.5
15.1
28.8
37.9
8.7

58.5
29.1
15.4
105.5
13.8
30.
39.1
8.5

54.
27.6
15.2
109.8
13.6
28.8
43.8
8.3

54.1
27.4
15.1
108. 5
13.1
28.0
42.2
8.7

164.0
170.1
114.6
117.1
958.5 1,034.1

161.0
114.6
994.1

156.2
112.5
932.9

158.3
109.0
995.8

182.4
155.5
167.2
118.1
111.9
117.7
992.4 1,080.8 1,087.7

' Revised.
NOTE.—For classes of banks included see note to Tables 92-95. Figures for member banks are for dates
specified; for nonmember banks, for nearest date for which reports are available.
Back figures—See Annual Report for 1927 (Table 83).



ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

165

CONDITION OF ALL MEMBER BANKS IN EACH DISTRICT
No. 99.—ALL MEMBER BANKS—NET DEMAND AND TIME DEPOSITS, BY MONTHS
[Averages of daily figures. In millions of dollars]

Month (1931)

Net deNet demand Net de- Time mand Net de- Time
mand deposits plus
mand
plus
time deposits deposits
time deposits
deposits
deposits
Boston district

January
February. _
March
April
May
__
June
July.
August
September.
October
November.
December-

2,324
2,301
2,297
2,312
2,295
2,273
2,284
2,269
2,261
2,210
2,160
2,036

1,319
1,288
1,276
1,300
1,281
1,260
1,273
1,255
1,251
1,228
1,201
1,137

New York district

1,005
1,013
1,020
1, 012
1,014
1,012
1,011
1,014
1,010
982

Cleveland district
January
February..
March
April
May
June
July
August
September.
October
November.
December-

3,170
3,200
3,227
3,240
3,197
3,179
3,158
3,131
2,997
2,690
2,565
2,510

1,513
1,536
1,543
1,563
1,526
1,519
1,497
1,487
1,405
1,239
1,175
1,161

1,657
1,665
1,684
1,677
1,671
1,661
1,661
1,643
1,593
1,451
1,390
1,349

4,594
4,570
4,537
4,586
4,602
4,418
4,338
4,302
4,181
3,934
3,822
3,689

2,469
2,428
2,383
2,397
2,415
2,324
2,333
2,311
2,266
2,143
2,089
2,013

2,125
2,142
2,154
2,188
2,187
2,094
2,004
1,991
1, 915
1,791
1,733
1,676

Kansas City district
January...
February..
March
April
May
June
July
_
August
September.
October. __
November.
December-

1,150
1,133
1,133
1,138
1,129
1,123
1,123
1,097
1,085
1,049
1, 012
998

774
757
749
751
743
738
740
717
704
679
652
645

7,461
7,397
7,446
7,342
7,401
7,228
7,362
7,185
7,166
7,033
6,780
6,642

Richmond district
1,048
1,049
1,042
1,061
L, 064
1,061
L, 055
1,051
1,048
993
965
938

513
509
500
507
508
505
497
494
496
480
467
456

376
376
384
387
386
385
383
380
381
370
361
353

1,071
1,052
1,077
1,108
1,117
1,091
1,066
1,046
1,032
998
965
949

590
577
594
615
625
612
588
569
558
535
520
525

535
540
542
554
555
555
559
557
552
513
498
482

798
813
802
801
797
775
763
746
725
690
688
677

565
577
567
567
563
543
537
524
509
487
484
475

Philadelphia district
2,363
2,364
2,416
2,467
2,426
2,405
2,407
2,399
2,351
2,206
2,137
2,079

1,174
1,200
1,216
1,211
1,220
1,206
1,223
1,229
1,202
1,125
1,071
1,026

1,189
1,163
1,199
1,256
1,206
1,199
1,184
1,169
1,149
1,081
1,065
1,054

Atlanta district
895
892
903
905
896
387
882
875
=153
823
795
789

497
504
508
511
505
492
481
468
454
436
419
418

395
394
391
396
401
407
399
387
376
371

Minneapolis district
481
475
483
493
493
479
478
477
474
462
445
424

Dallas district

Back figures.—See Annual Reports for 1930 (Table 95), 1929 (Table
(Table 87).




3,148
3,201
3,175
3,184
3,204
3,157
3,121
3,043
2,980
2,821
2,680
2,539

St. Louis district

Chicago district
January.. .
February.
March
April
May
June
July
August
September
October-..
November.
December.

10,609
10,598
10,620
10,526
10,605
10,385
10,483
10,228
10,146
9,853
9,459
9,181 |

Net demand Net de- Time
plus
mand
time deposits deposits
deposits

849
842
853
862
847
853
843
824
819
798
789

777

392
383
396
403
389
398
395
382
381
371
369
356

458
459
457
459
458
455
448
442
437
427
420
420

San Francisco district
233
236
235
234
234
232
226
222
216
203
204
202

3,177
3,155
3,162
3,174
3,193
3,152
3,125
3,074
3,003
2,894
2,861
2,815

1,290
1,270
1,270
1,279
1,257
1,236
1,235
1,220
1,188
1,146
1,138
1,103

1,887
1,885
1,892
1,895
1,937
1,916
1,889
1,854
1,815
1,748
L121
1,712

I), 1928 (Table 93), and 1927

166

ANNUAL REPORT OF T H E FEDERAL RESERVE BOARD

No. 100.—ALL MEMBER BANKS—RESERVE BALANCES, BY MONTHS, 1928-1931

[Monthly averages of daily figures. In millions of dollars]
Federal Reserve District

Month

New PhilaRich- AtBoston York del- Cleve- mond lanta
phia land

Chicago

St. Min- Kansas
Louis neap- City
olis

San
Francisco

1928
January
February
March
April

155.9 957.9
151.0 924.4
151.2 931.6
156.3 955.5

141.7
138.5
138.6
139.3

188.9
188.1
186.0
186.7

73.8
72.4
70.6
69.9

70.7
70.0
69.4
69.1

352.1
345.8
345.7
348.1

86.1
85.0
82.8
82.5

53.3
53.1
53.9
52.4

92.1
92.4
92.4
91.9

68.8
69.3
67.1
65.4

185.2
178.2
175.8
179.5

MayJune
July..
August

153.6
149.3
149.9
147.1

946.8
925.9
902.4
872.0

138.5
136.2
134.7
132.0

188.7
185.9
186.8
185.8

69.0
68.5
67.2
66.2

68.3 353.2
66.6 352.0
64.7 351.0
63.7 344.8

82.3
80.3
79.7
78.5

51.6
52.9
52.0
50.7

90.6
90.3
91.7
92.4

64.9
64.1
63.7
62.5

180.3
182.5
179.9
178.2

149.6

883.2

134.9

190.3

152.0
148.6

903.4
923.4

134.4
134.5

185.4
183.4

67.6
68.3
69.1
69.6

62.7
63.4
64.8
67.5

352.3
353.3
354.0
353.0

80.1
80.5
81.5
83.4

53.0
55.1
56.1
55.1

92.8
92.5
93.0
93.0

65.5
68.9
71.4
72.2

182.4
185.2
187.3
183.2

1929
January
February
March
April

150.5
146.7 928.5
144.3 924.6
144.1 915.2

137.2
133.5
133.4
133.2

187.0
185.7
185.6
183.4

69.7
68.6
67.6
67.2

67.2
67.6
67.7
66.2

354.3
352.8
346.5
341.6

84.2
82.9
78.7
77.8

53.9
52.5
53.1
51.6

93.9
91.9
91.8
89.2

71.8
70.7
70.0
66.8

180.7
176.0
173.1
171.7

May
June
July
August

141.9
142.4
147.6
146.2

914.7
931.9
930.9
919.9

133.8
134.7
135.3
134.2

184.1
184.2
187.2
188.5

65.6
65.5
65.7
65.4

64.5
63.4
61.9
60.2

340.8
341.0
347.2
352.7

76.6
75.9
77.0
76.7

50.2
51.3
52.4
52.5

87.5
88.6
92.0
92.8

65.1
63.3
62.5
61.2

171.6
172.0
173.9
172.1

September
October.
November
December

147.5 930.5 134.6
151.1 968.4 134.7
154.1 1,107.7 133.8
150.1 999.6 133.5

187.1
185.5
182.9
180.1

64.5
64.9
64.8
65.4

61.1
62.4
61.5
62.6

351.2
356.6
353.6
342.7

76.7
78.1
78.7
79.3

53.3
53.2
53.4
53.3

91.2
90.2
89.7
89.0

62.8
65.8
65.2
64.4

174.1
174.7
175.8
175.2

1930
January.
February
March
April

149.9
145.3
144.6
147.1

September
October
November
December

- 152.5 889.7 134.8 187.8

956.6
930.1
944.0
952.8

133.8
133.1
134.7
135.5

182.2
182.9
185.2
188.0

66.2
65.4
64.2
63.9

64.5
64.4
65.0
65.4

337.0
332.5
340.1
345.8

79.3
78.0
77.7
78.6

51.3
50.5
51.8
51.3

88.7
87.1
88.3
87.8

63.1
63.6
63.2
61.7

176.7
172.4
171.0
172.3

145.2 962.7
145.8 990.2

134.8
137.8

189.9
195.1

146.4

140. 9 200.7

63.9
63.2
63.5
63.4

63.0
61.3
60.6
59.2

346.9

-. 149.3 1,000.8 139.4 200.6

351. 2
350.8

77.5
76.6
77.0
76.2

50.9
51.8
50.4
49.7

87.4
88.0
88.9
88.4

61.4
59.9
59.0
57.6

172.8
173.1
176.9
175.7

September
October
November
December

141.2 200.8
146.8
149.1 1,008.3 141.1 196.0
150.7 1,026.3 140.5 191.8
144.5 1,031.6 140.6 187.1

63.4
63.3
63.1
61.3

59.9
59.6
59.1
58.1

348.5
342.6
344.8
343.4

75.7
74.4
73.6
70.2

51.3
51.6
52.3
50.2

88.2
88.1
86.6
85.4

58.5
59.1
58.8
57.7

173.4
173.4
185.1
184.9

1931
January
February...
March
April

146.1 1,051.7 143.8
142.6 1,005.1 141.3
141.9 1,018.1 146.2
143.8 990.5 151.5

190.9
192.7
194.8
196.9

60.8
60.6
61.0
61.6

58.2
58.8
58.8
59.5

339.2
332.9
327.4
330.8

70.2
72.5

49.0
47.5
48.9
50.0

85.0
82.2
82.2
81.8

57.1
57.7
57.1
57.1

181.5
179.4
179.3
179.9

May
June
July
August

142.2 1,008.8 147.0
141.1 1,042.9 145. 5
142.3 1,047.4 145.5
141.0 999.9 143.5

192.8
192.0
190.7
187.2

62.4
61.5
61.0
61.0

58.2
57.4
56.5
54.4

334.0
325. 2
327.6
332.8

73.9
71.9
69.7
67.1

49.1
49.3
47.6

81.7
82.0
82.2
80.7

56.3
54.7
54.2
52.6

181.1
180.6
180,4
177.5

142.7 1,015.8 139.8
154.3 996.1 131.5
135.8 915.7 128.2
129.0 902.4 124.4

178.6
159.9
150.3
147.0

59.2
57.9
55.6
53.7

53.6
51.4
49.4

327.9
306.0
289.0
283.8

65.9
64.7
64.6
63.1

47.6
46.4
45.9
45.1

79.6
76.8
74.1
73.5

52.4
53.4
50.2
49.0

169.7
157.2
159.5
149.8

May
June
July
August;

September
October
November
December

-.

983.3

Back figures.—See Annual Report for 1927 (Table 89).




167

ALL MEMBER BANKS IN EACH DISTRICT

No. 101.—ALL MEMBER BANKS—BORROWINGS 1 AT FEDERAL RESERVE BANKS,
BY MONTHS, 1930 AND 1931
[Monthly averages of daily figures. In millions of dollars]
Federal Reserve District
Month

New Phila- Cleve- Rich- AtBoston York delphia land mond lanta

Chicago

Min- KanSan
St.
sas
Louis neap- City Dallas Fran
olis
Cisco

1930
January
February
March
April

23.9
23.2
21.1
15.6

111.8
70.5
54.3
53.7

53.7
50.5
36.7
28.3

72.8
53.3
31.1
25.7

30.8
22.2
16.8
16.0

31.7
25.3
21.6
18.8

87.4
63.0
35.2
22.7

17.7
16.7
14.0
13.9

7.0
3.0
2.4
3.1

28.1
23.0
16.2
12.8

13.3
11.9
8.3
7.5

22.5
15.1
15.8
13.1

May
June
July
August

17.7
17.3
12.6
12.6

58.0
57.1
44.0
47.6

29.8
28.1
24.4
18.2

21.0
23.6
24.9
15.7

17.2
19.7
19.8
21.4

27.6
30.4
28.9
29.9

20.6
18.1
19.0
16.5

15.5
18.1
16.3
15.1

3.8
3.8
4.2
4.4

15.2
14.2
10.4
9.2

8.7
10.2
11.5
13.9

11.8
10.6
10.0
9.5

September
October
November
December

11.6
8.9
12.3
17.3

32.2
36.7
42.6
90.3

16.4
17.5
19.6
27.5

14.6
25.0
27.1
37.9

20.0
18.9
21.7
33.1

28.2
24.8
26.6
30.4

14.4
15.8
18.5
26.4

17.7
17.3
17.4
14.2

4.1
4.3
3.8
3.9

8.8
10.3
14.0
16.0

13.2
10.2
8.4
6.9

7.6
6.7
8.9
33.7

1931
January...
February.
March
April
_

11.5
10.7
9.9
8.4

55.7
47.8
41.3
41.9

27.3
24.2
20.6
16.0

28.7
23.1
16.4
14.0

22.3
18.3
15.9
13.2

23.4
21.6
13.4
11.0

25.9
20.5
14.7
12.7

11.8
9.4
8.2
7.9

4.1
4.0
3.6
3.5

17.2
13.6
10.5
9.0

5.2
6.2
7.2
7.5

19.9
16.3
14.8
9.4

May
June
July
August-

10.6
11.3
9.0
8.9

37.4
33.0
26.0
48,1

18.2
19.4
16.5
18.6

14.1
17.8
15.8
25.0

15.9
19.4
17.2
18.5

11.0
12.7
13.6
20.4

13.5
16.2
12.1
15.9

7.4
7.8
8.9
10.6

3.9
4.2
4.3
4.6

9.5
11.6
9.5
13.1

8.5
10.0
10.8
13.3

12.6
24.6
25.3
25.4

September
October
November
December

8.1
17.0
26.0
47.5

51.3
153.2
120.5
167.7

31.7
89.3
108.3
117.5

35.8
78.5
98.9
110.6

22.7
35.1
40.5
39.5

25. 3
37.7
51.0
51.6

24.0
50.4
69.9
86.6

12.2
18.5
25.9
26.8

4.1
6.1
7.4
8.0

13.3
24.4
33.8
30.3

13.5
20.5
23.0
17.6

38.1
82.4
89.9
70.9

i Includes small amounts of borrowing by intermediate credit banks, etc., see Table 55.
Backfigures.—SeeAnnual Reports for 1929 (Table 91) and 1927 (Tables 90 and 55).
No.

1 0 2 . — N U M B E R O F M E M B E R B A N K S D I S C O U N T I N G P A P E R AT F E D E R A L
R E S E R V E B A N K S , BY F E D E R A L R E S E R V E D I S T R I C T S , 1924-1931
District

1924

1925

1926

1927

1928

1929

1930

1931

Boston
New York
Philadelphia
Cleveland

317
593
525
485

297
600
450
483

286
603
558
466

261
602
552
430

265
623
562
421

306
651
594
475

280
658
613
459

294
736
722
457

Richmond
Atlanta
Chicago
St. Louis

463
390
922
391

428
320
825
339

430
333
814
330

383
300
746
309

386
315
685
292

384
352
708
338

345
311
656
343

353
301
695
334

Minneapolis
Kansas City
Dallas
San Francisco

476
586
492
420

290
410
361
380

270
453
453
347

275
377
318
316

224
381
296
268

249
417
359
280

234
447
375
270

266
432
375
295

6,060

5,183

5,343

4,869

4,718

5,113

4,991

5,260

Total

Backfigures.—SeeAnnual Reports for 1922 (Table 48), 1919 (Table 39), 1916 (p. {i), and 1915 (p. 71)

125554—32




12

No. 103.-—ALII MEMBER BANKS—PRINCIPAL RESOURCES AND LIABILITIES ON CALL DATES, 1930-31

[In thousands of dollars]
!

Total loans and investments
Federal Reserve
district and
date

Total

Loans *
Total

Boston:

1930—Dec. 31...
1931—Mar. 2 5 . .
June'30. .
Sept. 29..
Dec. 31...
New York!
1930—-Dec. 31_._
1931—Mar. 25..
June 30..,Sept. 29..
Dec. 31...
Philadelphia:
1930—Dec. 31—
1931—Mar. 2 5 . .
June 30..Sept. 29..
Dec. 31...
Cleveland:
1930—Dec. 3 1 . . .
1931—Mar. 2 5 . .
June 30
Sept. 29..
Dec. 31...
XvlCIlXIlOHCl •

1930—Dec. 25..
1931—Mar. 31...
June 30. _.
Sept. 29..
Dec. 31...

Capita],

Investment
U. S. Gov- Other
ernment secursecurities
ities

Due
from
banks2

surplus
and undivided
profits 3

Total
deposits

Demand
Time
deposits 4 deposits 6

1,298,073
995,113
1, 204,948 1, 019, 255
1, 218,931 1,012,817
1,175,010 1, 003, 068
1, 098, 642
853, 363

Unite 1
States
deposits

2,510,879
2, 500, 914
2, 455,777
2, 432,135
2,184, 509

1, 749, 779
1,684,028
1, 587, 978
1, 542, 900
1, 390, 491

761,100
816,886
867, 799
889, 235
794,018

231, 504
261, 748
305, 044
330, 322
302, 460

529, 596
555,138
562, 755
558,913
491, 558

150,613
151,295
125,084
125,011
94,918

456, 625
456, 817
448, 498
448, 710
430, 294

2, 533, 237
2, 488, 500
2, 465, 902
2,393, 876
2,142, 758

12,023, 389
11,879,928
11, 660, 700
11, 514,998
10, 565, 263

8, 299,878
7,919, 303
7,536, 765
7,165,117
6, 608,894

3,723,511
3,960, 625
4,123,935
4, 349,881
3,956, 369

1, 493,680
1, 767, 355
1,982, 858
2,195,881
2,125,866

2,229,831
2,193, 270
2,141, 077
2,154,000
1,830, 503

296, 202
325,906
317, 757
228, 783
221, 433

2,600, 335
2, 597, 070
2, 543,666
2, 515,127
2. 366, 024

13, 050, 337
12,014, 009
12, 703, 219
11, 589, 900
10, 734, 548

7,811,998
6, 707,996
7, 353, 386
6, 586, 810
6, 597, 245

3,171, 518
3,185,017
3,149, 367
2,939,879
2, 492, 551

2, 733, 204
2,812, 747
2, 788,197
2, 740, 276
2, 557,905

1, 767,136
1, 704, 053
1,673, 986
1,619, 226
1,520,817

966, 068
1,108, 694
1,114, 21]
1,121,050
1, 037,088

219, 250
351, 586
347, 278
365,901
336, 900

746,818
757,108
766, 933
755,149
700,188

148, 079
257, 646
193,167
114, 401
121,822

651,161
648, 900
644, 055
639, 136
612, 509

2, 577, 500
2, 735, 967
2, 687,040
2, 490, 010
2, 263, 277

1,144, 318
1,145,887
1,147,873
1, 051, 412
1, 028,137

1,173, 585
1, 218, 702
1, 217, 532
1,176,170
1, 031,829

21,
48,
36,
58,
29,

525
305
567
737
713

3, 418, 757
3, 434,140
3, 369, 515
3, 202, 786
2,865, 042

2,262, 364
2,194, 309
2,112, 730
2,012, 229
1, 807, 046

1,156, 393
1, 239, 831
1, 256, 785
1,190, 557
1,057, 996

445, 525
550, 281
587,923
567, 449
489, 264

710,868
689, 550
668,862
623,108
568, 732

194, 723
250, 739
203,179
171, 488
124,431

618, 557
621, 309
607, 333
592, 488
551, 248

3, 427, 997
3, 484, 308
3, 416, 575
3,142,128
2,696, 642

1, 432,806
1, 324, 647
1, 332,987
1, 247,143
1,137,199

1,652,812
1, 686, 448
1,673,893
1, 564,016
1, 333, 792

1,153, 803
1,144,874
1,141,028
1,137,095
1, 050, 098

842,172
811, 906
785, 400
771,602
692, 594

311,631
332, 968
355,628
365, 493
357, 504

109,825
128, 592
141, 289
154,417
157, 375

201,806 98,169
204, 376 130, 460
214, 339 113, 367
211,076 88. 874
200,129 77, 930

221, 744
222, 239
215, 581
213, 698
200, 406

1,192, 332
1,199, 008
1, 202, 036
1,132, 082
1, 037, 016

517.499
485,830
494, 654
469, 252
450,059

538, 383
549,114
561,617
540, 789
474,104




D u e to
banks 6

23,788
55, 385
27, 768
24, 720
11, 729

216, 263
208,912
206, 386
191, 078
179,024

51,637
163, 275
134, 631
166,870
186, 095

2, 015,184
1, 957, 721
2, 065,835
1,896, 341
1, 458, 657

Reserve
Net
with
demand Federal
deposits Reserve
banks

1,309, 501
1, 258, 796
1,257,332
1, 209, 808
1,125,306

.DlllS

payable
and
rediscounts

Number of
banks

19, 230
16, 497
13, 497
25, 277
61, 976

396
393
387
383
373

7, 746,316 1,062, 054 88,146
7,449, 757
988, 750 60,861
7, 466, 483 1,009,604 51,411
7, 362, 761 1, 037, 705 95, 764
6, 684, 437
796,159 194, 377

914
908
902
876
841

238, 072
323,073
285, 068
203, 691
173, 598

1,187, 035
1, 240,138
1, 202,125
1,120, 065
1, 039, 208

145,098 40, 774
151, 562 27, 343
148, 391 26,069
142,911 72, 309
125, 848 140,890

753
751
744
740
715

28,500
25,633
35,040
73, 258
29, 295

313,879
447, 580
374,655
257, 711
196, 356

1, 512, 452
1, 548, 382
1, 514, 642
1, 340, 578
1,182, 724

185, 745 50, 938
195,891 23,651
189, 309 24, 273
168, 032 67, 250
146, 996 129, 454

757
735
719
698
655

18,105
26, 035
23,158
17, 416
19, 861

118, 345
138, 029
122, 607
104,625
92, 992

520,162
503, 255
507, 360
487,161
449, 768

147,298
140,399
139,198
144, 309
148,800

63,153
62, 363
62, 704
58, 083
51, 201

31, 584
18,127
18, 517
35,820
38,124

470
466
458
448
403

Atlanta:
1930—Dec. 3 1 —
1931—Mar. 25..
June 3 0 —
Sept. 29..
Dec. 3 1 —

989,419
974,603
957, 288
960, 226
905,998

1930—Dec. 31...
1931—Mar. 25_.
June 3 0 —
Sept. 29..
Dec. 3 1 —

4, 809, 422
4, 784, 225
4, 486,005
4, 237,929
3,881, 805

ol. -L/OUIS.

410, 425
398, 620
402, 239
393. 049
369,135

27, 770
39, 297
31, 475
43,127
25, 212

124, 249
140,195
128,120
99, 205
93, 435

509,161
506, 731
496, 949
446, 217
427, 931

62, 543
59, 372
58, 510
52,125
48, 510

780, 602
778, 797
720, 652
705, 243
644, 391

5,148, 216 2, 381,814 2,134, 998
5, 010, 973 2,176,211 2,155, 438
4,843, 806 2, 192,100 2,027, 574
4, 495, 205 2, 077, 098 1,882, 320
4,064, 337 1, 937, 475 1,645, 159

40, 767
54, 502
45,137
29,655
33, 846

590, 637
624,822
578, 995
506,132
447,857

2, 491, 270
2, 388, 379
2, 349, 476
2, 207,691
2, 041, 721

361, 773
322,183
322,631
324,096
286, 429

1, 210, 785 597, 571
1, 233, 083 574, 657
575,324
1,193,993
1,116, 596 514,180
1, 028,178 504,811

470, 353 4,393
483, 920 17,160
471,159 10,130
468, 508 17, 752
419, 521 7,500

138, 468
157, 346
137, 380
116,156
96, 346

616, 229
600, 264
609, 602
548, 087
519, 775

69, 644
71. 735
68, 804
65, 778
59, 938

20, 755
14,037
13,633
19, 254
26, 594

513
505
506
500
465

2,480
2,262
3,510
9,848
3,141

104, 972
118,844
108,889
94, 228
87, 404

397, 715
403, 327
402, 057
375,114
354, 617

48, 364
49, 261
53, 404
46, 932
45, 571

4,868
3,751
4,626
4,699
7,543

642
632
615
597
579

372,125 4,306
385, 627 5,071
386, 239 6,297
378,119 13, 542
340,900 4,773

226, 846
245, 727
237, 224
185, 500
165,612

801, 709
743, 824
752, 828
689,008
664,001

88, 298 16, 455
81, 275 9,497
84, 307 9,433
77, 447 15, 398
76, 242 29, 429

871
861
854
844
824

233, 608
236,135
231, 599
211, 033
198,918

13. 574
22,179
16, 834
39/627
21, 973

141,410
150, 654
130, 838
98, 957
97, 943

573, 978
568, 625
545, 936
495, 848
474, 545

58,104 5,958
57, 468 8,989
57, 323 11, 763
56, 759 16,817
49, 638 14, 341

684
666
658
645
617

3, 593, 350 1, 300, 641 1, 933, 428
3, 473, 707 1,211,112 1,886,045
3, 498, 790 1, 216, 676 1, 930, 826
3,197, 697 1,123,387 1, 785, 507
3, 079, 364 1, 088,867 1, 726, 597

30, 570
43,100
24,850
31, 609
38, 707

328, 711
333, 450
326, 438
257,194
225,193

1, 303, 852 182, 435 18, 724
1, 269, 605 184, 219 42,235
1, 252, 210 202, 236 9,717
1,162,865
165,053 51, 570
1,103, 385 139,837 57, 201

581
573
559
545
522

263, 665
298,664
311,643
325, 039
312, 704

112, 276
145, 450
151, 820
160, 517
153, 550

151, 389
153, 214
159,823
164, 522
159,154

134, 760
161, 700
146, 852
96, 262
97,669

184, 316 1, 068, 251 505,807
188, 078 1, 087, 522 489, 410
182, 314 1, 044, 417 482, 533
961, 924 426, 543
181, 536
910,014 422, 232
174, 345

3, 405, 956 1, 403, 466
3, 256, 927 1, 527, 298
3,025, 336 1, 460,669
2,869, 312 1,368,617
2, 632,402 1, 249, 403

538, 463
676, 599
713, 795
664,147
598, 953

865,003
850,699
746,874
704, 470
650,450

427,163
438, 633
443, 646
372, 456
279, 313

725, 754
675, 939
645, 645
635,187
593, 294

1930—Dec. 25..
1931—Mar. 3 1 —
June 3 0 —
Sept. 29..
Dec. 3 1 —

1,153, 702
1,147, 547
1,136, 962
1,108, 720
1,030, 777

787,429
741,917
702, 225
683,152
623, 439

366,273
405,630
434, 737
425, 568
407, 338

94,265
121, 316
142, 410
152, 731
158,694

272,008
284, 314
292, 327
272,837
248,644

122, 559
156, 746
120, 336
92,140
73, 365

187,928
186,427
185, 307
183, 988
170, 858

1930—Dec. 3 1 —
1931—Mar. 25..
June 3 0 —
Sept. 29.Dec. 3 1 —
Kansas City:
1930—Dec. 3 1 —
1931—Mar. 25 _.
June 3 0 —
Sept. 29..
Dec. 3 1 —

851,130
853, 768
840, 370
821,172
789, 221

494, 527
492, 212
479, 445
456, 082
440, 589

356, 603
361, 556
360, 925
365,110
348, 632

122, 434
120, 300
118, 718
121, 997
111, 783

234,169
241, 256
242, 207
243,113
236, 849

142,016
142, 433
130, 283
101, 647
95, 379

117, 727
116, 585
115, 790
115,664
113, 021

1,147, 050
1,104,184
1,101,672
1, 064, 251
1,016, 080

716, 688
672, 234
652, 821
613, 799
573, 601

430, 362
431, 950
448,851
450, 452
442, 479

172,848
169, 042
185, 805
199, 652
204, 753

257, 514
262, 908
263,046
250,800
237, 726

232, 075
266, 341
241, 460
183, 599
158,809

165, 065
165, 795
162,959
162, 712
157,839

822, 436
826, 072
803, 051
776, 309
723,869

600, 957
578, 700
560, 422
532,185
479, 612

221, 479
247,372
242, 629
244,124
244, 257

117,699
145, 254
129, 762
131, 590
132, 233

103, 780
102,118
112,867
112, 534
112,024

184,127
204,174
172, 358
123, 826
113, 904

165,944
166, 738
163, 967
159, 736
149, 725

2, 217,848 1,028, 472
2,108, 418 1,157, 145
2, 053, 490 1,128, 467
1, 973, 313 1,104,024
1,897,906 1,106, 652

467,007
564, 739
536, 330
519,857
546,823

561, 465
592, 406
592,137
584,167
559,829

325, 462
305,131
309, 607
236, 632
203, 253

443,033
450, 096
440, 292
440, 661
428, 669

LJ all 8,S.

1930—Dec. 3 1 —
1931—Mar. 25.
June 30...
Sept. 29..
Dec. 3 1 —
3an^Francisco:
1930—Dec. 31...
1931—Mar. 25..
June 3 0 —
Sept. 29..
Dec. 3 1 —

3, 246, 320
3, 265, 563
3,181, 957
3, 077, 337
3,004, 558

1
2
3
4

968, 307
969, 521
954, 687
893, 976
860, 518

401,002
389, 478
391, 732
356, 026
340, 000

1, 384, 900 781, 623
1, 354, 717 718, 292
1, 337, 754 707,994
1, 229, 728 652, 537
1,145, 737 634,452
961, 727
968, 481
919, 846
837,125
783, 997

573,135
559, 513
540, 575
487, 508
465,163

459, 853
458, 937
450, 556
433,874
429, 973

Includes rediscounts and overdrafts; excludes acceptances of other banks and bills of exchange sold with indorsement.
Does not include items with Federal reserve banks in process of collection or amounts due from foreign banks or own foreign branches.
Includes reserves for dividends, contingencies, etc., but excludes reserves for interest, taxes, and other expenses accrued and unpaid.
Includes certified and cashiers' or treasurers' checks and letters of credit and travelers' checks sold for cash,
fi Includes postal-savings deposits.
• Includes amounts due to Federal reserve banks, foreign banks, and other banks; also amounts due to own foreign branches.
Back figures.—See Annual Reports for 1930 (Table 94) and 1927 (Table 86).




26,409
18,173
15, 572
34, 409
47, 760

390
376
371
363
349

31, 327 1,081
38, 281 1,062
18, 387 1,009
27,144
960
91,439
903

No. 104.—ALL MEMBER BANKS-—CLASSIFICATION OF LOANS AND INVESTMENTS ON CALL DATES
In millions of dollars]
Loans to banks

Federal reserve
district and date

Boston:
1929—Oct. 4___
Dec. 3 1 . . .
1930—Mar. 27. _.
June 30
Sept. 2 4 . . .
Dec. 3 1 . . .
1931—Mar. 2 5 . . .
June 30
Sept. 2 9 . . .
Dec. 31. __
"NTPOT X (Jiiv.
X\ t5 W Vnrlr-

1929—Oct. 31__.
Dec. 4___
1930—Mar. 2 7 . . .
June 3 0 . . .
Sept. 24...
Dec. 3 1 . . .
1931—Mar. 25. __
June 3 0 . . .
Sept. 29. __
Dec. 31___
Philadelphia:
1929—Oct. 4 . . .
Dec. 3 1 . . .
1930—Mar. 2 7 . . .
June 30. _.
Sept. 24
Dec. 3 1 . . .

Secured by
stocks and

Total
loans
investments

Total

2,634
2,561
2,571
2,592
2,583
2,511
2,501
2,456
2,432
2,185

20
25
22
27
26
27
19
18
17
50

U, 763
12, 316
11, 783
12,385
12, 093
12,023
11,880
11, 661
11,515
10, 565

309
328
208
200
172
288
158
163
264
393

2,755
2,687
2,671
2,713
2 737
2, 733 1




51
65
52
49
27
56

All
other

2
(2)
()

2
(2)
()

(2)
(2)
95
80
54
134
71
70
128
215
2

()
(2)
35
33
14
44

Secured by
real estate

°

Secured by
stocks
and
bonds

13
13
11
13
9
10
13
42

Open-market loans

Loans to customers (exclusive of banks)

Total

To
brokers To
outside other Farm
New
cusland
York tomers
Cityi

Purchased paper

Otherwise
secured Total
and
Other unsereal
cured
estate

9
14
15
14
10
8
4
8

1,751
1,702
1,615
1,616
1,556
1,534
1,467
1,419
1,410
1,288

130
102
96
102
88
78
57
54
67
47

577
597
537
553
546
541
522
504
484
443

8
7
8
8
9
8
7
7
7
7

266
270
272
270
273
265
262
260
257
247

770
727
703
683
640
642
619
594
595
543

149
183
232
193
226
189
198
151
116
53

(2)
(2)
113
120
118
154
87
93
136
178

7,132
7, 231
6,502
6,511
6,392
6,428
6,051
5,833
5,746
5,502

92
84
80
94
104
121
138
140
130
97

2,666
2,955
2,657
2,759
2, 723
2,796
2,580
2,482
2,368
2,265

13
12
13
13
14
14
16
14
15
13

547
539
532
545
543
530
540
556
540
543

3,814
3,640
3,220
3,100
3,008
2,967
2,777
2,641
2,693
2,583

1,774
1,750
1,697
1,716
1,672
1,654 1

100
81
78
89
78
60

583
607
592
615
601
609

14
14
14
14
14
14

208
216
224
226
227
228

870
833
789
772
752
744

2

()
(2)

17
16
13
12

Investments

Loans
U. S.
to
Govern Other
brokers Total ment securiAcceptBills,
in
securities
ances etc., pay- Com- New
ties
payable able in mercial Yorki
in United foreign paper
States countries

2
37
24
23
74
81
47
33
18

4
4
4
3
2
3
7
14
2
2

37
45
81
95
89
58
64
61
62
29

106
97
123
95
112
54
46
28
19
4

715
650
702
755
775
761
817
868
889
794

265
216
246
244
237
232
262
305
330
302

450
434
456
511
538
530
555
563
559
492

1,373
1,538
1,830
2,202
2.031
1,584
1,711
1,542
1,154

60
129
92
144
149
191
200
297
201
107

34
47
41
30
28
23
51
44
34
18

23
39
88
69
59
59
63
120
65
38

1,255
1,322
1,609
1,959
1,795
1,311
1,397
1,081
855
550

2,950
3,220
3,241
3,471
3,497
3,724
3,961
4,124
4,350
3,956

1,236
1,343
1,417
1,405
1,367
1,494
1,767
1,983
2,196
2,126

1,714
1,877
1.824
2,066
2,130
2,230
2,193
2,141
2,154
1,831

64
44
84
64
115
57

2
1
3
1

4
5
4
4
3
2

16
12
34
44
63
38

42
25
43
15
49
16

865
828
837
884
923
966

217
193
190
196
196

648
635
647
688
727
747

td

713

219 1

td
•

*

*

fed
W

o

1931—Mar. 2 5 . . .
June 30.—
Sept. 29...
Dec. 3 1 . . .
Cleveland:
1929—Oct. 4 . . .
Dec. 31.._
1930—Mar. 27. _.
June 30-—
Sept. 24...
Dec. 3 1 . . .
1931—Mar. 2 5 - June 30. _Sept. 29. _.
Dec. 3 1 . . Bichmond:
1929—Oct. 4 . . .
Dec. 3 1 . . .
1930—Mar. 27...
June 30- —
Sept. 24...
Dec. 31-_.
1931—Mar. 25. June 30...
Sept. 29_—
Dec. 3 1 - Atlanta:
1929—Oct. 4___
Dec. 3 1 . 1930—Mar. 27_ —
June 30.—
Sept. 24...
Dec. 3 1 . 1931—Mar. 25...
June 30-__
Sept. 2 9 . Dec. 3 1 - Chicago:
1929—Oct. 4___
Dec. 31.-1930—Mar. 27...
June 30.. _
Sept. 2 4 . Dec. 3 1 . 1931—Mar. 25-_.
June 30. ._
Sept. 29_—
Dec. 3 1 . -

2,813 !
2,788
2, 740 I
2,558 !

46
50
47
53

31
36
38
40

3, 498 I
3,455
3,454 !
3, 479 !
3, 530 |
3, 419 j
3,434 i
3,370
3,203
2, 865

34
49
35
31
28
43
33
23
50
43

(2)
(2)
24
19
17
29
20
15
22
26

1,299
1,278
1, 223
1, 204
1,206
1,154
1,145
1,141
1,137
1,050

25
18
19
24
24
24
18
17
19
18

(2)
(2)

1,149
1,115
1,107
1,059
1,053
989
975
957
960
906

30
22
27
32
33
27
21
21
25
22

2
(2)
()

48
40
37
25

589
574
562
510

14
14
14
14

225
229
228
226

720
711
694
675

11
12
11
13
13
8
28
17

2,255
2,296
2,209
2,216
2,153
2,182
2,127
2,061
1,948
1,758

79
74
69
78
65
57
47
42
39
30

785
852
809
824
826
851
837
818
746
673

27
28
33
31
31
31
30
30
29
28

468
465
460
460
467
486
479
476
462
422

897
877
838
823
764
758
733
695
673
605

15
19
19
17
13
11
12
11

920
920
850
835
824
801
775
751
736
668

22
17
17
18
14
13
10
9
7
7

231
253
223
228
233
233
225
217
213
195

18
18
18
17
18
17
18
18
17
16

50
52
51
51
51
51
53
53
55
51

580
541
521
508
486
470
456
443
400

24
28
28
23
18
18
20
16

810
796
746
725
704
678
635
614
602
567

23
18
16
18
15
14
9
8
9
8

168
165
154
162
154
150
156
145
161
141

24
23
24
25
25
27
25
25
24
23

58
58
54
53
53
51
48
44
44
47

537
532
498
467
457
437
398
392
365
348

49
37
71
33
32
20
20
11
8
5

326 1,062
3,640
(2)
3, 555
288 1,100
(2)
67
239 1,014
28 3,265
57
278 1,065
24 3,351
49
288
990
20 3,206
61
235 1,042
28 3,182
63
187
997
23 2,956
72
27 2,782
153
950
79
176
904
23 2,669
99
32 2,469
136
844
1
Includes loans to dealers in securities.
Back figures.—See Annual Report for 1929 (Table 93).

81
82
83
80
79
77
75
74
71
60

489
501
485
475
472
468
462
435
429
395

1,683
1,583
1,444
1,453
1,377
1,360
1,236
1,170
1,089
1,035

167
83
286
250
368
134
214
143
98
33

5,117
4,934
4,837
4,933
4,967
4,809
4,784
4,486
4,238




93
132
95
81
69
90
86
100
102
130

3
4
5
4
3
3
5
6

44
39
31
12

14
16
4
5

1,109
1,114
1,121
1,037

352
347
366
337

757
767
755
700

1

1,596
1,568
1,535
1,449

4
5
5
7
5
6
7
7

3
2
1
2

8
8
18
18
30
14
13
9
10
3

120
57
101
70
86
14
13
15
5
3

1,080
1,046
1,080
1,143
1,230
1,156
1,240
1,257
1,191
1,058

429
406
444
448
515
446
550
588
567
489

651
640
636
695
715
711
690
669
623
569

1
1

6
12
16
15
22
16
16
15
12
5

37
23
43
13
11
1
3
2
3

309
303
295
316
324
312
333
356
365
358

132
124
124
131
127
110
129
141
154
157

177
179
171
185
197
202
204
214
211
200

3
2
3
2
2
2
2
2
1
2

5
11
17
12
10
8
7
8
6
2

40
22
50
19
19
10
10
1

260
260
263
268
285
264
299
312
325
313

117
115
120
117
134
112
145
152
161
154

143
145
143
151
151
151
153
160
165
159

5
4
45
11
6
39
7
11
82
109
3
20
8
14
94
18
14
53
16
26
53
4
42
45
3
23
41
3
10
17
* Not available.

113
27
186
119
252
49
119
52
30
3

1,216
1,164
1,190
1,251
1,325
1,403
1,527
1,461
1,369
1.249

490
408
466
475
487
538
677
714
664
599

726
756
724
776
838
865
851
747
704
650

61
56
37 ;
18

15
13
9
13

65
130
118 !
37
35
28
14

11
1
8
8
4

1
1
1
1

45
1
59
28
17
19
17
17
7
1
2
1
1
1
2
1
1
1

No. 104.—ALL MEMBER BANKS—CLASSIFICATION OF LOANS AND INVESTMENTS ON CALL DATES—Continued

to

[In millions of dollars]

Federal reserve
district and date

St. Louis:
1929—Oct. 4 . Dec. 3 1 . 1930—Mar. 27. June 3 0 . . .
Sept. 24...
Dec. 31. „
1931—Mar. 2 5 . June 30- —
Sept. 2 9 - Dec. 3 1 - Minneapolis:
1929—Oct. 4 . . .
Dec. 3 1 . . .
1930—Mar. 2 7 . . .
June 30—
Sept. 24..
Dec. 3 1 . .
1931—Mar. 25. _
June 30..
Sept. 29..
Dec. 31.Kansas City:
1929—Oct. 4._
Dec. 31-.
1930—Mar. 27..
June 30.
Sept. 24..
Dec. 31.-

Total
loans
and
investments

Total

1,375
1,337
1,315
1,289
1,289
1,153
1,148
1,137
1,109
1,031

31
26
23
33
38
28
22
18
24
28

(2)

957
912
896
870
872
851
854
840
821
789

7
7
6
8
7
7
6
9
9
9

(2)
(2)

1,247
1,212
1,165
1,151
1,160
1,147

19
23
22
28
22
23

(2)
(2)




Secured
by
stocks
and
bonds

(

Open-market loans

Loans to customers (exclusive of banks)

Loans to banks

Secured by
stocks and
bonds
All
other

Total

Secured by
real estate

To
brokers To
outside other Farm
cusNew
land
York tomers
City*

Purchased paper

Otherwise
secured Total
and
Other unsereai
cured
estate

Loans
U.S.
to
Other
brokers Total Govern- securiment
in
AcceptBills,
securi- ties
ances etc., pay- Com- New
ties
payable able in mercial York*
paper
in United foreign
States countries

9
10
10
6
5
6
8

(*>
(2)
13
24
28
19
16
13
18
20

926
883
831
810
796
708
676
654
637
585

33
35
27
32
28
22
16
15
15
9

281
283
251
245
237
213
206
200
189
174

28
27
27
26
26
21
21
23
23
20

103
99
103
100
102
95
90
90
88
81

481
439
423
407
403
357
344
327
322
301

27
47
76
66
65
51
43
30
22
10

2
2
4

(2)
(2)

\o

542
515
483
475
475
461
463
444 I
431
422

11
9
8
9
7
6
5

30
28
28
26
25
24
23
22
22
21

21
21
21
21
20
20
21
20
20
23

366
341
319
308
310
297
316
301
290
277

49
41
59
32
30
26
22
27
17

1
1
2

5
4

113
115
107
111
113
114
98
96
95
97

;

12
8
9
9
8
7

144
150
130
129
126
130

21
22
22
21
21
22

23
22
21
22
22
23

548
533
501
500
481
485

55
46
64
41
60
26

5
7
6
6
5
7
7
8

1
1
1
1
2
1
1

4

Investments

3
8
1

1
1
1
1
1

1
2

9
14
22
21
17
16
5
2
1
1

391
381
386
378
389
366
406
435
426
407

129
115
114
102
106
94
121
142
153
1«'»9

263
266
272
276
283
272
284
292
273
249

18
24
30
21
23
21
18
18
14
7

1
1
1
1

14
30
50
44
48
31
29
26
20
8

30
17
27
11
7
4
4
7
2
2

360
348
348
354
358
357
362
361
365
349

142
135
131
134
131
122
120
119
122
112

218
213
217
220
227
234
241
242
243
237

26
27
33
29
33
22

28
17
29
11
26
3

424
408
396
402
419
430

198
181
174
173
173
173

226
227
222
229
246
258

9

(22X
()
3
4
4
5

19
24
18
19

748
735
683
681
658
667

!
i
2
1
1

I

1931—Mar. 2 5 . . .
June 30
Sept 29
Dec 31*""
Dallas:
1929—Oct. 4-_.
Dec. 31...
1930—Mar. 27. ._
June 30. __
Sept. 24...
Dec. 31...
1931—Mar. 2 5 . . .
June 30.._
Sept. 29. . .
Dec. 31...
San Francisco:
1929—Oct. 4 . . .
Dec. 31__.
1930—Mar. 2 7 . . .
June 3 0 . . .
Sept. 2 4 . . .
Dec. 3 1 . . .
1931—Mar. 25. __
June 30. __
Sept. 29. ._
Dec. 3 1 . . .

1,104
1,102
1,064
1,016

21
23
20
22

987
936
907
870
868
822
826
803
776
724

8
5
7
12
10
8
g
9
10
7

(2)
(2)

3,133
3,192
3,127
3,109
3,116
3,246
3,266
3,182
3,077
3,005

12
13
12
10
7
8
8
8
12
14

(2)
(2)

4
4
4
5

1
1
1
2
1
2
2
1

17
19
16
17
(2)
(2)

(2)
(2)
4
3
4
4
4
6
5

626
605
579
543

6
7
8
5

124
120
113
109

22
22
23
24

23
23
22
22

451
431
413
383

25
26
15
9

1
4

0
11
9
6
7
7
9
6

673
651
613
615
617
575
558
545
513
467

3
2
6
6
6
4
3
3
2
3

118
127
106
111
108
115
110
107
100
96

17
17
18
18
18
17
19
20
19
19

24
23
21
22
23
24
25
27
25
25

510
482
462
458
462
416
401
389
367
325

68
58
70
26
23
17
13
7
9
5

13
20
15
4
2
4
4
1
3
1

8
6
4
4
4
5
6
9

2,078
2,162
2,000
2,014
1,956
2,135
2,009
1,981
1,905
1,852

108
84
60
86
71
59
49
41
27
21

442
480
445
439
432
472
404
389
385
352

112
110
108
107
108
115
116
118
114
113

503
537
531
525
524
607
607
618
603
598

914
950
857
857
821
882
832
815
778
768

101
65
135
84
159
75
92
64
56
32

5
6
14
15
20
15
42
28
28
13

* Includes loans to dealers in securities.
Back figures.—See Annual Report for 1929 (Table 93).




2

21
18
14
7

4
3
1
1

432
449
450
442

169
186
200
205

263
263
251
238

1
1
1

10
16
13
8
10
10
6
5
4
3

44
20
41
13
10
2
2
1
2
1

238
222
219
217
218
221
247
243
244
244

153
132
137
127
129
118
145
130
132
132

85
90
82
90
89
104
102
113
113
112

17
13
13
9
9
7
9
7
6
5

19
26
39
42
42
37
27
21
16
8

61
20
69
18
88
16
14
9
6
5

941
953
979

513
495
522
508
494
467
565
536
520
547

427
458
457
492
497
561
592
592
584
560

1
1
1
1
1
1

1,000

991

1,028
1,157
1,128
1,104
1,107

tel

w

3
W

Not available.

S
i
B

t
CO

174

ANNUAL REPORT OP THE FEDERAL RESERVE BOARD

CONDITION OF ALL MEMBER BANKS, BY STATES
No. 105.*—ALL MEMBER BANKS—TOTAL LOANS AND INVESTMENTS, BY STATES

1929-1931
[In millions of dollars]
1929

1930

1931

State
Oct. 4

Dec. 31 M a r . 27 J u n e 30 Sept. 24 Dec. 31 Mar. 25 J u n e 30 Sept. 29 Dec. 31

United States . . . 35, 913. 8 35,934. 0 35,055. 7 35, 655. 7 35,472. 3 34, 859. 5 34, 728.6 33, 922. 5 33, 073. 2 30, 575.1
New England:
149.1
144.7
143.9
147.2
Maine
144.
144.
149.0
136.8
134.4
127.5
76.3
72.6
New Hampshire.
73.0
76.7
72.6
72.8
75.3
73.5
73.0
70.7
70.
72.0
Vermont
69. l |
65.5
67.9
67.3
64.0
64.7
62.5
Massachusetts.. 1, 747. 0 1,691.1 1,703.0! 1,714.8 1, 708. 8 1, 656. 5 1, 655. 2 1, 606. 9 1, 587. 5 1, 387. 3
328.0
Rhode Island . . . 328.~
325. 2
330.1
323.7
335.5
329.3
333.7
331.9
307.4
305.5
315.
Connecticut
305. 9
304. 8
287.4
296.3
288.6
274.1
286.0
289.7
Middle Atlantic:
New York
New Jersey
Pennsylvania..
East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin.
West North Central:
Minnesota
Iowa
Missouri
North Dakota-.
South DakotaNebraska
Kansas
South Atlantic:
Delaware
Maryland
D i s t r i c t of
Columbia
Virginia
West Virginia-.
North Carolina.
South CarolinaGeorgia
Florida

10,444. 6 11,004. 6 10,494.8 11 075. 2 10,832.1 10, 785. 2 10, 663. 0 10, 433.3 10, 325. 2 9, 427. 5
1,494.
t,
1, 533. 2 1, 524. 8 1, 501. 5 1, 526. 2 1,471.8 1,452. 4 1,431. 7 1, 445. 8 1,409.
1,356. 9
3, 778. 7 3, 705.1 3, 708. 2 \ 799.8 3,868.1 3,811.1 3,935.1 3,860. 8 3, 735. 5 3, 401. 5
1,98
1,958. 0 1, 946. 2 1,919. 6 1,929. 6 1,872. 0 1,849.1 1, 833. 9 1, 749. 2 1, 567. 6
436.4
436.2
4L4.3
382.2
416.5
396.2
362.2
347.6
408.4
333.1
2, 664. 2 2, 574. 6 2, 499. 7 2, 623. 9 2, 680. 6 2, 562. 6 2, 537. 3 2, 344. 8 2, 207. 9 2, 029. 5
1, 534. 3 1, 459. 8 1,447. 5 1,432.1 1,416.1 1,380. 0 1,385. 9 1,314.9 1, 244. 7 1,139. 5
489.0
480.3
491.4
492.5
482.
485.3
464.4
485.5
479.8
438.0
572.4
368.
870.2
73.0
70.9
194.1
209.0

535.4
350.4
855.9
71.4
68.8
189.
202.6

524.2
347.7
848.9
70.3
67.8
195.1
188.1

508.4
332.6
830.9
67.4
68.3
194.9
186.3

516.1
329.
842.4
66.7
67.3
195.0
184.9

507.3
305.8
838.9
64.5
63.1
192.1
180.8

513.9
306.1
822.9
63.5
62.7
193.0
169.6

506.8
300.4
818.6
61.8
63.7
189.4
173.1

499.8
285.1
799.8
59.0
58.8
173.6
171.8

485.3
233.8
757.8
54.9
54.8
161.8
168.3

83.8
321.1

80.2
321.7

78.4
299.4

78.7
307.4

82.5
305.9

81.8
294.9

80.7
291.1

81.4
306.2

80.7
296.5

80.9
278.3

133.9
390.1
201.5
183.0
104.2
259.1
163.9

126.5
391.1
202.0
174.2
97.2
244.
164.4

127.8
379.0
199.0
173.3!
78.3|
246.5
181.3

125.3
376.4
195.8
162.0
71.5
245.5
149.9

130.8
376.4
193.2
161.2
71.5
251.0
143.6

133. 3
359.1
191.5
140.3
68.
228.1
135.3

133. 2
353.3
183.
150.4
65.6
231.9
142.3

132.6
346.6
183.1
141.7
62.8
224.0
136.9

139.4
345.0
178.5
147.2
62.0
235.2
131.9

134.5
326.7
158.6
125.7
56.7
210.3
132.1

East South Central:
Kentucky
Tennessee
Alabama
Mississippi

340.4
296.8
221.0
80.1

328.0
285.3
211. li
76.7

314.0
283. 81
201.8
78.4

309.1
279.2
200.0
77.3

303.4
279.8
198.2
75.2

246.2
252.
192.3
62.4

251.5
239.8
180.7
51.7

247.0
241.5
182.9
52.3

238.1
239.
181.1
52.7

226.9
235.8
171.8
45.7

West South Central:
Arkansas
Louisiana
Oklahoma
Texas

132.9
287.5
336.
911.2

125.4
283. 3
330. 9;

120.6
259.3
306.
836.2

120.0
250.6
311.3
798.1

116.6
247.4
304.6
799.7

88.4
240.
299.5
758.3

84.8
242.5
283.3
768.1

89.1
239.2
270.2
739.3

237.5
258.2
714.0

71.9
229.0
240.8
659.6

Mountain:
Montana
Idaho
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada

114. 7
52.9
33.
227.2
30.1
41.4
85.7
17.

112.
53. 8|
34. 0i
218. 51
30.41
42.4!
85.7
17.5

108.6
49.5
33.0
214.
31.0
40.5
85.9
16.8

103.9
48.9
32.1
200.9
29.7
39.4
85.1
16.9

102.8
48.0
31.4
220.5
28.2
36.2
83.9
16.9

99.6
47.6
30.9
213. 5J
26.41
37.9!
81.2
16.7

95.1
44.1
31.5
208.6
26.2
32.6
79.1
16.0

94.7
43.
31.9
206.1
26.4
32.1
78.9
16.3

91.
40.
31.8
204.7
24.
29.9
74.3
17.1

38.1
30.3
194.4
23.6
29.9
71.9
17.1

Pacific:
Washington
Oregon
California

300.1
264.6
298.1
289.3
314.9
302.1
301.0
324.4
316.9
191.1
195.2
187.6
174.5
207.1
186.2
204. 8
203. 0
215.2
213.8
2,612.4 2,532. 5 2,449.4 2,418.9
2,424. 3 2,418.0 2,436.7 2, 582.
2,407.4 2,474. 2

Back figures.—See annual reports for 1930 (Table 100), 1928 (Table 98), and 1927 (Table 91).




ALL. MEMBER BANKS, BY STATES
No.

175

106.-—ALL MEMBER BANKS—TOTAL LOANS BY STATES, 1929-1931
[In millions of dollars]
1930

1929

1931

State
Oct. 4

Dec. 31 Mar. 27 June 30 Sept. 24 Dec. 31 Mar. 25 June 30 Sept. 29 Dec. 31

United S t a t e s . . . 26,164.8 26,150.1 25,118.8 25, 213.8 24,738.0 23,870. 5 22,839.9 21,816. 2 20,874.1 19, 260.7
New England:
Maine
New Hampshire
Vermont
Massachusetts..
Rhode Island
Connecticut

80.0
77.6
76.8
74.2
77.7
79.6
78.5
71.5
83.0
46.4
44.4
43.2
43.8
45.4
47.6
42.1
45.8
48.4
38.9
37.
36.7
36.5
35.1
40.7
40.2
42.3
43.4
1, 325. 7 1, 327.6 1, 292. 3 1, 266.4 1,250.7 1, 212.4 1,161.4 1,068.6 1,040.1
182.8
200.0
192.2
185.7
186.1
208.2
203. 2
212.7
211.1
201.4
224.0
216.7
210.9
209.2
235.
230. 5
237.6
244.1

Middle Atlantic:
New York
New Jersey
Pennsylvania..

7, 912.9 8, 202. 2 7, 691. 7 8,079.1 7, 797. 7 7, 525.9 7,176.8 6,801.4 6,468. 5 5,948.1
887.2
918.5
986. 6
883.8
940.1
839.8
1,050.9 1, 048. 2 1, 003.4
803.5
2,448. 2 2,421. 2, 374.6 2, 362.3 2, 328.8 2, 277. 5 2,199. 5 2,123. 6 2,056. 5 1,900.1

East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin.

1, 506. 2 1,492. 2 1,488. 3 1,460.9 1,452. 5 1,416. 5 1,373.0 1, 339. 7 1, 263.6 1,119. 5
251.0
266.2
232.3
288.9
289.1
275.1
216.5
301.5
306.0
204.2
2, 061.1 1,976.0 1, 899. 5 1,971.9 1,983. 6 1, 763.1 1, 656. 1, 532.1 1,445. 6 1,319.6
987.9
919.8
1,139.9 1,101.0 1,068. 3 1,051. 6 1,016. 7 1,010. 3
876.5
825.2
327.7
338.2
335.8
313.6
353.3
343.8
307.1
356.7
351. 2
292.0

West North Central:
Minnesota
Iowa
Missouri
North D a k o t a South D a k o t a . .
Nebraska
Kansas

67.5
39.7
33.7
912.5
174.5
191.9

374.5
254.4
616.9
45.5
42.6
139.0
136.2

347.0
243.2
607.1
44.7
40.
136.5
135.7

336.0
240.0
598.0
44.1
40.2
137.7
126.1

310.4
227.0
572.3
42.8
41.0
132. 5
127.0

318.6
220.3
567.3
41.9
39.7
130.3
123.6

307.8
203.
556.5
39.8
37.7
127.7
117.7

311.6
203.0
509.6
39.0
36.3
125.0
106.3

302.0
195.5
477.8
37.8
36.8
120.3
105.5

291.6
185.3
456.6
35.0
32.4j
113.6
99.2

288.4
141.9
426.1
32.1
28.9
101.1
96.8

South Atlantic:
Delaware
Maryland
Dist. of Columbia
Virginia
West Virginia...
North Carolina.
South CarolinaGeorgia
Florida-

67.1
222.9

64.4
223.6

62.5
205.6

61.7
196.9

63.3
192.5

63.2
186.

60.0
180.3

57.3
173.0

55.3
169.6

54.6
150.4

99.0
312. 5
156.4
147.8
76.5
215.9
90.8

91.8
314.6
158.0
141.5
71.2
197.6
90.8

91.5
303.0
153.7
139.3
60.2
197.4
101.8

88.7
294.
148.4
131.0
53.5
192.1
70.8

294.9
145.
131.5
52.3
183.8
65.2

89.4
284.8
146.6
111.8
48.8
178.0
59.3

84.1
273.6
138.0
114.7
45.4
168.0
55.4

81.3
267.9
134.5
108.3
43.9
156.9
48.2

81.4
260.8j
131. 5
108.8
42.4!
156. 6j
45.7

76.9
242.5
116.2
91.2
38.2
142.9
45.0

East South Central:
Kentucky
Tennessee
Alabama
Mississippi

258.0
249.
173.5
60.5

256.3
240.6
166.8
54.9

240.
238.3
159.0
57.7

236.1
232.0
155.9
57.

231.4
233.4
152.7
57.1

189.0
207.0
146.7
45.6

188.4
193.5
133.5
36.1

182.3
188.5
131.
36.5

175.0
189. II
126.81
35.6

166.9
182.6
118.2
29.5

West South Central:
Arkansas
Louisiana
Oklahoma
Texas

100.4
231.5
213.5

93.1
228.7
206.4
657.8

90.5
208.7
191.0
636.5

92.0
199.
199.0
602.3

90.7
196.2
601.4

65.6
187.3
187.7
559.8

60.4
178.2
174.0
540.4

61.3
170.9
166.1
518.9

59.0
169. 7
156.4
491.5

47. 6
163. 2
138.8
439.0

67.2
35.0
22.0
140.6
18.7
23.2
64.8
11.8

63.3
32.8
21.5
134.0
19.5
24.
64.2
11.0

32.0
21.3
122.8
17.7
22.4
61.8
11.1

55.8
31.5
20.8
127.0
17.1
20.7
58.7
11.1

51.5
30.6
20.0
118.2
15.7
19.0
55.8
10.8

47.3
28.7
20.5
115.3
15.3
17.7
51.2
10.2

48.4
27.2
20.9
105.9
15.6
15.5
50.0
10.4

44.7
25.2
20.5
101.6
14.1
14.3
47.2
10.5

41.0
22.3
19.2
95.6
13.1
12.8
42.6
10.8

Mountain:
Montana.
Idaho
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada
Pacific:
Washington
Oregon
California

36.0
21.6
146.6
18.7
23.0
64.0
12.1

205.4
198. 7
198. 6 186.5
181.6
169.1
215.7
167.2
161.7
149.3
116.6
99.
116.9
111.91 111.2
109.4
90.3
86.0
80.0
70.9
1, 730. 3 1,788.1 l,709.2j 1,676.8 1,710.8 1,824.6 1,744.8 1, 701.0 1, 638.0 1,592.3

Back figures—See Annual Reports for 1930 (Table 101), 1928 (Table 99), and 1927 (Table 92).




176

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 107.—ALL M E M B E R B A N K S — L O A N S TO CUSTOMERS (EXCLUSIVE OF B A N K S )

1929-1931
fin millions of dollars. For explanation see Table 104]
1929

1930

1931

State
Oct. 4 Dec. 31 Mar. 271 June 301 Sept. 241 Dec. 31 Mar. 25 I June 30 I Sept.291 Dec. 31

United States.._ 23,249 ! 23,193 21,494 21,565 21,010 21,007 19,940 19, 257 18,713 1 17,570
New England:
Maine79
76
75
70 I
73
76
76
77
78
New Hampshire.]
46
44
43
40 I
39
42
43
42
46
44
Vermont
_.
42
42
40
35
34
36
38
36
40
38
Massachusetts- _ 1,173 1,144 1,069 1,070 1,021 1,010
922
819
915
958
Rhode Island. _200
192
208
178
172
180
180
187
191
187
Connecticut
230
224
195
187
235
202
205
212
223
218
Middle Atlantic:
New York
New Jersey
Pennsylvania. __

6,294
984
2,295

6.402
977
2,287

5,725
922
2,217

5,727
933
2,236

5,643
891
2,150

885
2,148

5,335
858
2,079

5,124
855
2,009

5,068
819
1,943

4,854
788
1,819

1,397
287
1,876
1,107

1,421
294
1,825
1,069
335

1,366
274
1, 612
1,027
321

1,367
273
1,707
1,024
325

1,348
260
1,613
999
321

1,361
256
1,588
992
319

1,325
239
1,422
957
309

1,303
222
1,332
907
301

1,234
207
1,290
861
296

1,088
194
1,200
808
279

354
230
569
42
37
121
122

328
227
539
41
37
121
123

301
220
501
40
37
117
114

291
211
477
41
38
113
115

298
194
471
40
37
109
109

290
193
475
37
36
114
110

296
192
445
36
35
111
100

277
182
426
36
35
107
100

273
173
418
34
31
101
95

275
133
392
32
28
93
93

60
204

56
209

55
186

55
185

59
181

59
180

58
174

55

53

50
145

288
152
141
72
189
70

85
294
155
135
67
182
72

80
276
148
327
56
166
71

81
273
146
125
50
169
60

82
267
143
125
50
164
56

264
143
107
46
163
56

80
256
135
109
43
155
48

77
251
132
104
42
150
43

77
244
129
105
41
150
40

74
232
114
88
37
138
42

249
237
164

248
231
160
52

232
220
146
55

228
216
145
56

223
216
139
55

182
196
136
45

181
186
126
36

176
181
123
36

169
179
120
35

161
175
113
29

West South Central:
Arkansas
Louisiana
Oklahoma
Texas

93
217
199
621

84
196
181
565

187
191
567

84
180
187
570

176
184
537

56
170
170
521

57

217
195
600

163
505

55
160
153
474

45
154
136
428

Mountain:
Montana
Idaho..
_._
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada

51
31
21
138
18
19
60
10

50
32
20
135
16
20

48
30
21
123
16
20
56
10

49
30
21
116
17
21
58
10

46
29
20
113
17
20
56
11

43
29
19
113
15
19
53
10

42
28
20
111
15
17
50
10

44
27
20
101
15
15
48
10

187
106
1,750

176
101
1,613

183
102
1,615

175
97
1,574

171
90
1,766

161
84

159
81
1,644

East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin
West North Central:
Minnesota
Iowa
Missouri
North Dakota..
South Dakota...
Nebraska
Kansas
South AtlanticDelaware-.
Maryland
District of Columbia
Virginia
West Virginia...
North Carolina .
South Carolina..
Georgia
_.
Florida
East South Central:
Kentucky
Tennessee
Alabama
Mississippi

PacificWashington
Oregon
California

105
1,664

Back figures.—See Annual Report for 1930 (Table 102).




22
19
92
13
13
42
11
155
78
1,582

145
69
1,554

ALL MEMBER BANKS, BY STATES
No,

177

108,—ALL MEMBER BANKS—OPEN-MARKET LOANS, 1929-1931
[In millions of dollars. For explanation, see Table 104]
1931

1930

1929

State

2,242

3,097

3,113

3,262

2,233

2,454

2,103

1,563

901

4
2
1

to

to

to

to

2
2

1
1

1
2

1
2

1
2

1
1

161
13
7

202
16
11

171
12
7

205
13
6

178
5
3

186
5
5

136
6
6

102
4
6

46
2
3

65
94

1,473
69
53

1,760
76
99

2,154
51
67

1,983
48
143

1,553
31
65

1,686
26
70

1,518
24
62

1,140
14
43

704
9
17

East North Central:
Ohio
_.
Indiana
Illinois
Michigan
Wisconsin _ .

84
9
113
24
13

41
5
59
8
10

101
7
225
26
28

75
9
209
15
14

86
8
324
7
14

25
4
115
4
11

24
2
189
7
14

21
2
126
4
7

6
2
86
2
5

3
1
29
1
2

West North Central:
Minnesota
Iowa
Missouri
North Dakota...
South D a k o t a Nebraska
Kansas

15
19
27
4
6
11
11

13
10
47
3
3
6
9

30
13
77
3
3
15
8

14
9
69
1
3
13
7

15
19
73
2
2
16
11

12
4
58
2
1
6
4

11
5
47
2
1
8
3

19
7
38
1
1
8
2

11
5
25

6
1
14

1
6
1

1
1

^

Middle Atlantic:
New York
New Jersey
Pennsylvania...

-O

United States . . .
New England:
Maine
r New Hampshire
j§p Vermont
Massachusetts _.
H Rhode Island._.
Connecticut

I—i

2,275

-•toco

D e c . 31 M a r . 27 J u n e 30 Sept. 24 D e c . 31 M a r . 25 J u n e 30 Sept. 29 D e c . 31

OOCOCO

Oct. 4

7
15

8
12

7
17

6
7

4
8

4
1

2
2

2
1

2
1

4
1

10
12
3
1
4
21
18

6
12
1
4
2
13
16

11
16
4
9
3
27
28

7
9
1
2
2
17
8

6
16
1
2
2
14
7

3
9

4
8

4
9

1
3

2
1
10
2

3
2
10
6

2
1
1
4

4
9
1
1
1
2
3

East South Central:
Kentuckv
Tennessee
Alabama
Mississippi

3
3
5
2

2
4
5
2

5
13
5
2

4
4
4
1

4
2
7
2

2
1
5

5
2

3
1
3

2
1
2

West South Central:
Arkansas
Louisiana
Oklahoma
Texas

5
4
13
64

6
4
10
53

4
4
8
65

1
2
5
25

1
6
22

2
1
16

1
2
1
12

1
2
1
7

1
1

1

9

5

Mountain:
Montana , . . .
Idaho
Wyoming _
Colorado
New Mexico
Arizona
Utah
Nevada

18
5
1
7
1
4
2
2

17
3
2
4

10
2

9
2

8
1

5
1

4

3
1

2

5
1
2
2

12

4

3

2

1

1

1
1

2

1

15
3
1
10
3
' 5
7
1

Pacific:
Washington
Oregon.
California

20
11
59

16
10
30

20
10
90

13
8
58

10
12
133

9
9
54

6
2
48

2
1
28

4k.

CO CO

South Atlantic:
Delaware
Maryland
District of Columbia
Virginia
West Virginia. _.
North Carolina.
South Carolina..
Georgia
Florida
_.

Back figures.—See Annual Report for 1930 (Table 102).




1
1
1
1
1
2

1

7
5
78

7
4
52

178

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 109.—ALL MEMBER BANKS—INVESTMENTS, BY STATES, 1929-1931
[In millions of dollars]
1929

1930

1931

State
Oct. 4 Dec. 31 Mar. 27 June 30 Sept.24 Dec. 31 Mar. 25 June 30 Sept. 29 Dec. 31
(
United States... 9, 748.9 9,783. ', 936. 9 L0, 441. 9
New England:
66.2
66.1
66.3
Maine
67.6
26.8
27.9
27.
29.1
Ne wHampshire.
28.1
28.1
28.6
28.4
Vermont
Massachusetts.. 421.3 363.5 410.6 448.4
Rhode Island... 117.5 115.3 117.0 126.9
67.
74.3
Connecticut
71.1
70.0

.0,734. 2 0,989.011,888.6 12,106. 3 12,199. 2 1, 314. 4

29.0
458.1
135.6
72.3

67.1
28.4!
29.5
444. 0
137.1
71.9

67.3
29.4
28.8
493.
138.0
76.5

62.6
29.2
28.1
538.4
145.
80.51

62.9
31.3
28.9
547.4
150.9
84.7

60.0
31.0
28.8
474.8
132.9
82.2

Middle Atlantic:
New York
2, 531. 7 2,802. 4 2,803. 2 2, 996. 1 3, 034. 4 3,259.3 3,486.2 3, 631. 9 3,856. 7 3,479. 4
New Jersey
476.6
498.1 539.7
482.3
569. 6 553. 4
533. 9; 544. 5 561.9
531.7
Pennsylvania-.. 1,330. 5 1, 283.2 1,333. 5 1,437. 5 1,539. 2 1,533.6 1,735.6 1, 737.1 1, 679. 0 1, 501. 4
East North Central:
Ohio
483.1 465.9 457.9
494.2
458.7
477.2
455.5 476.1
485.5
448.1
130.2
125.3
Indiana
134.
127 A
129.8
131.1
131.1
133.3
130.0
128.9
600.1 652.1
Illinois
812.7
762.3
603.1
697.0 799.5 880.4
709.9
Michigan
379.2 380.5 399. 3 369.7 398.0 395.1 368.2
394.5 358.7
314.3
141.5
164.
157.4
Wisconsin
132.2
128.
138.1
168.6
146.1
141.
149.7
WestNorthCentral:
Minnesota
Iowa.
Missouri
North Dakota..
South Dakota...
Nebraska
Kansas
_.
South Atlantic:
Delaware
Maryland
District of Columbia
Virginia
West VirginiaNorth CarolinaSouth Carolina _
Georgia.
_
_
Florida.
_
_
East South Central:
Kentucky
Tennessee
_Alabama..
Mississippi
West South Central:
Arkansas
Louisiana
Oklahoma
Texas

Mountain:
Montana...
Idaho
Wyoming.._-.-.
Colorado
New Mexico
Arizona
Utah
Nevada
Pacific:
Washington
Oregon
California..

197.
114.2
253.3
27.5
28.3
55.2
72.8

188.4
107.3
248.
26.
27.9
53.4
66.

188.3
107.8
250. 9
26.2
27.5
57.4
62.0

197.
105.5
258.6
24.6
27.3
62.4
59.3

197.5
109. 5
275.1
24.8
27.6
64.7
61.3

199.5
101.
282.4
24.7
25.4
64.4
63.1

202.3
103.1
313. 3
24.5
26.4
68.0

204. 7
104.
340.8
23.9
26.9
69.1
67.6

208.1
99.8
343.2
23.9
26.5
60.0
72.

196.9
91.9
331.6
22.7
25.9
60.7
71.5

16.6
98.2

15.8
98.1

15.'

17.0
110.5

19.2
113.4

18.6
108.2

20.
110.8

24.1
133.2

25.4
126.9

26.3
127.9

34.
77.6
45.1
35.2
27.8
43.2
73.1

34.7
76.6
44.0
32.7
26.4
47.1
73.6

36.3
76.0
45.2
34.0
18.1
49.1
79.4

36.6
81.
47.3
31.0
18.1
53.4
79.1

42.1
81.5
47.4
29.6
19.1
67.3
78.4

43.9
74.3
44.9
28.4
19.7
50.1
76.0

49.2
79.
45.9
35.
20.
63.9
86.8

51.3
78.
48.7
33.4
19.0
67.1
88.6

58.0
84.
47.0
38.4
19.6
78.6
86.2

57.6
84.2
42.3
34.6
18.5
67.4
87.2

82.4
46.9
47.
19.6

71.7
44.6
44.3
21.8

73.1
45.6
42.8
20.7

73.0
47.
44.1
19.5

72.0
46.4
45.5
18.2

57.2
45.8
45.6
16.8

63.0
46.4
47.1
15.6

64.7
53.0
51.0
15.8

63.1
50.
54.3
17.1

60.0
53.2
53.6
16.2

32.5
55.9
123.2
219.3

32.
54.5
124.6
202.8

30.1
50.5
115.6
199.

28.0
50.8
112.3
195.9

25.9
53.8
108.4

22.8
53.4
111.
198.4

24.4
64.3
109.3
227.7

27.8
104.1
220.4

25.
67.8
101.
222.5

24.3
65.9
102.0
220.6

45.1
16.9
12.0
80.6
11.4
18.4
21.
5.6

45.
18.8
12.0
77.9
11.6
19.2
20.9
5.7

45.3
16.
11.5
80.8
11.6
15.7
21.7
5.8

44.2
16.9
10.8
78.1
12.0
17.0
23.3
5.8

47.1
.16.6
10.6
93.6
11.1
15.5
25.2
5.8

48.1
17.0
10.9
95.3
10.8
18.8
25.4
5.9

47.
15.5
11.0
93.3
10.9
14,
27.8
5.8

46.4
16.5
11.0
100.3
10.8
16.6
28.9
6.0

47.2
15.5
11.2
103.0
10.5
15.6
27.1
6.6

45.8
15.8
11.1
98.8
10.5
17.1
29.3
6.3

108.
98.3
677.1

111.4
97.2

116.2
95.2
715.2

110.0
93.6
741.2

115.6
93.6
725.9

116.5
95.7
758.2

130.9
100.7
867.5

133.8
101.6
831.

127.6
106.2
811.3

115.3
103.6
826.6

Back figures.—See Annual Reports for 1930 (Table 103), 1928 (Table 100), and 1927 (Table 93).




179

ALL MEMBER BANKS, BY STATES

No. 110.-—ALL MEMBER BANKS—BORROWINGS FROM FEDERAL RESERVE BANKS,
BY STATES, 1931
[End of month figures. In thousands of dollars]
19311

State
Jan.
Maine
New H a m p shire
Vermont
Massachusetts.
Rhode Island..
Connecticut

Feb.

1,596

Mar.
736

937

1,066 1,261
771
997
6,337 6,820
250
3,196 "§,"307

Apr.

May

707

2,909 1,047
950
997
4,934 5,687
1,147
725
2,428 2,085

June

855

1,085

July
1,216

Aug.
1,211

744
1,276 1,343
777
411
707
959
326
6,102 5,762 5,382 5,099
750
163
670
325
2,820 2,236 2,517 2,724

Sept.
1,396

Oct.

Nov. Dec,

2,038 2,420 3,910

771 1,641
631 1,362
5,605 10, 789
238
600
4,575 5,574

1,962
1,390
22,430
2,601
5,667

2,623
2,073
26, 218
2,270
7, 537

New York
New Jersey
Pennsylvania.

30, 381 27,405 12, 991 20,460 19, 605 24,369 18, 675 33,925 33,902 97,236 91,012 18, 768
18,516 18,310 14,125 15,379 15,090 12, 613 16,125 18,196 22,921 44,471 49,698 46, 063
>,
28,550 24,334 17,289 21,345 22, 076 15,023 22,399 23,440 63, 749 110, 090 109,811 :23, 659

Ohio
Indiana
Illinois
Michigan
Wisconsin

11,922
6,223
7,638
10, 921
3,729

9,969
5,750
6,638
5,027
2,506

7,905
3,678
6,371
4,102
1,190

8,494
2, 260
5,780
5, 587
1,319

7,719
2,322
4,381
4,653
1,394

10,511
2,306
3,759
3,491
1,282

7,350 25, 305 23,756 74,558 69,834
2,682 2,926 3,246 6,833 4,477
7,286 6,423 5,300 11,773 12,398
5,105 7,479 6,704 49,874 49,559
999 1,006 2,443 11, 764 8,236

65,769
6,075
10,384
54, 366
4,182

1,276 1,162
1,873 3,305
2,981 4,571
811
553
1,522
2,262 2^720
1,'" 2, 0 1 r

3,370
5,972
13,004
652
1,564
9,150
6,628

Minnesota
Iowa
Missouri
North Dakota.
South Dakota.
Nebraska
Kansas

737
2,000
4,096
839
1,
4,422
2,660

606
723
1,364 1,598
2,952 2,350
902
746
1,424 1,426
3,936 3,301
2,159 1,81r

Delaware
Maryland..
District of Columbia
Virginia
West Virginia..
North Carolina
South Carolina.
Georgia
Florida

778
1,262

1,450

629
7,000
5,426
5,174
643
4,603
l,57i

512
6,432
4,086
4,414
1,24
3,145
990

1,923
5,884
4,71
3,15c

2,862 2,157
4,229 2,303
5,279 3,587
1,989 1,331

2,486
8,694
7,468
5,58,

1, 042| 1,112 1,440 2,156
1,656 1,109 1,
3,490 1,984 1,511 2, 234 1,130 4,964 7. 26f
3,346 2,169 2,194 6,025 2,836 4,595 4,994
6,76' 6,444 7,250 8,310 8,743 11,455 12,830

Kentucky
Tennessee
Alabama
Mississippi
Arkansas
Louisiana
Oklahoma
Texas

_.

268
853

5,019
3,875
5,695
508
2,751
571

564
55C
483
Montana
_.
329
325
306
Idaho
543
474
Wyoming
1,568 1,493 1,216
Colorado
387
448
323
New Mexico...
78
Arizona
651
68C
71
Utah
Nevada
95!
501
Washington
1, 52S 2,24C 1,771
Oregon
California
10, 86C 10,895 10,914

638
773
1,405 1,468
2,597 4,902
802
896
1,410 1,349
3,467 3,542
1,753 1, 759

710
1,111
2,726
783
1,373
2,480
1,723

897 3,968 4,031
3,265 7,517 7,389
5,844 13,918 16,480
443 521
539
1,255! 1,7271,820
3,920 13,526 11,915
2,238 4, 921 7,285

233
849
200
4,609 4,720 4,506
2, 345 4, 080 2,924
5,190 8,221 6, 014
1,067 1,61
1,214
2,362 2, 975 3,292
449
602
514

252
742

225
1,758

360 1,237
6,799 9,628

5,008
3,619
6,500
1,953
3,581
653

100
5,787
4,109
5,896
1,450
3,748
570

1,335
5,983
5,430
6,883
1,350
4,003
675

2,799 1, 714
1,707 1,732
3,683 4,872
1,149 1, 301

4,663
2,625
5,329
1,716

4,009
5,489
6,351
1,705

4,156 7,378 10,019 2,773
8,855 9,599 10,558 9, 589
7,066 9,414 10,463 5,583
1,995 2,383 1,756 1,611

383'
824

373
933

571
359
574
847
387

693
463
642
1,134
375
20
620
732

2,140
1,67"
4,601
1,278

830
579
504
1,220
511

831
707
723
1,826
581
46
1,488

878
685
l,02S
2,15£
4!
2,08c

521
626
477
2,20:
1,774 1,471 1,46: 1,529 1,34,
8,801 13, 070 3,195 22,840 30, 20:

3,483
10, 702
7,420
9,775
7,146
8,080
1,692

9,014

3,212

4,754
10,333
6,949
8,650
6,535
10, 375
2,281

3,683
11,556
6,731
7,438
4, 856
4,420
1,028

3,155 4,996 3,587
8,851 19,983 21, 222
3,839 5,713 4,535
11,199 21,542 17,207

1,395
12,524
4,678
7,675

840
654
1,112
1,947
864
229

963
945
879
809
740
509
487
867
652
3,860 1,284 1,353
r
1,197
91«
571
206
154
203
2,719 1,54:
715
15
218
301
1,182 6,82' 5,479 4,491
1,264 1,486 1,19? 1,926
43, 454 94, 74 85,12S 22,723

i Figures given include borrowings by Federal intermediate credit banks as follows:
Jan.
Minnesota
Missouri
Nebraska
Kansas
South Carolina
Louisiana
Texas . .
Washington
California




Feb.

Mar. Apr. M a y June July Aug. Sept. Oct. Nov. Dec.

77
121

115 1,862 1,861
654
854
877
850
850 1,667
2,777 2,777 2, 648
1,570 1,570 1,524

58

371

1,159 1,645 1,614
1,948 1,739
876

180
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
111.-—NUMBER OF MEMBER BANKS DISCOUNTING PAPER
RESERVE BANKS, BY STATES, 1924-1931
State

1924

1925

1926

1927

1928

1929

AT FEDERAL

1930

1931

New England:
Maine.New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

42
42
36
148
13
45

37
39
28
146
14
41

33
39
30
135
12
46

31
36
28
126
6
44

29
37
22
133
11
43

32
40
43
142
11
51

31
42
32
128
8
50

33
42
32
134
10
54

Middle Atlantic:
New York
New Jersey
Pennsy 1 vania

436
221
592

438
235
509

429
247
613

418
261
596

437
264
610

455
264
673

459
282
671

526
406
667

East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin

281
169
342
177
95

149
311
161
73

276
141
321
174
68

251
135
286
182
71

241
131
267
166
78

262
143
311
183
85

252
130
287
139

247
122
308
193
83

_.

139
303
123
106
95
133
118

265
110
52
52
108
74

91
230
108
53
59
112
95

85
190
124
66
52
109
87

80
153
116
61
36
97
105

78
131
121
59
40
102
108

67
162
123
47
49
101
120

147
117
39
63
101
117

South Atlantic:
Delaware
Maryland
District of Columbia.
Virginia
West Virginia.
North C arolina
South Carolina
Greorgia
Florida

15
58
11
155
92
80
78
156
42

15
54
9
146
82
78
69
131
17

14
54
10
143
83
75
74
121
41

16
53
9
124
74
72
59
104
35

16
50
9
132
77
78
48
108
36

13
55
8
139
81
61
49
115
49

14
46
8
125
78
61
35
96
35

17
51
9
126
96
53
27
94
31

West North Central:
Minnesota
Iowa
Missouri..
North Dakota
South Dakota
Nebraska
Kansas

_.

East South Central:
Kentucky
Tennessee
Alabama
Mississippi

72
62
103
33

West South Central:
Arkansas
Louisiana
Oklahoma
Texas
--..

88
41
237
415

Mountain:
Montana
Idaho.__
Wyoming
Colorado—
New Mexico..,
Arizona
Utah
Nevada

71
73

102
66
27
76
27
19
34
1

—

—

Pacific:
Washington
Oregon
California

Total

87
61
159
6,060

77
35
146
309

74
28
167
417

59
29
100
290

55
30
102
267

50
30
113

61
27
127
346

53
24
117
345
41
29
17
66
16
7
32
4

82
60
138
5,183

78
57
134
5,343

76
52

73
56
111
4,718

5,113

4,991

5,260

Backfigures—SeeAnnual Reports for 1930 (Table 105), 1922 (Table 49), 1919 (Table 30), 1918 (Table 23),
and 1917 (p. 104).




ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

181

REPORTING MEMBER BANKS IN EACH DISTRICT
No. 113.—REPORTING MEMBER BANKS—TOTAL LOANS AND INVESTMENTS, BY
WEEKS, WITH MONTHLY AVERAGES OF WEEKLY FIGURES
[In millions of dollars]
Federal Reserve District
Phila- Cleve- Rich- Atdelphia land mond anta

Boston

Jan. 7
Jan. 14
Jan. 21
Jan. 28
Feb. 4
Feb. ll.__
Feb. 18
Feb. 25
Mar. 4
Mar. 11
Mar. 18
Mar. 25
Apr. 1
Apr. 8___.
Apr. 15
Apr. 22
Apr. 29
May 6___
_...
May 13-_
May 20___
May 27
June3_._
June 10
June 17
June 24
July 1
July 8
Juiy 15
July 22
July 29
Aug. 5
Aug. 12
Aug. 19
Aug. 26
Sept. 2
Sept. 9
Sept. 16
Sept. 23
Sept. 30
Oct. 7 .--Oct. 14
Oct. 21
Oct. 28
Nov. 4.
Nov. 11
Nov. 18
Nov. 25
Deo. 2
Dec. 9
Decll6._Decl23
-.
Dec. 30
Monthly averages:
January
_..
February
March.
April
p
May
June..
July
August
September
October
November.
December

ChiSt. Min- Kan- Dal- San
sas
cago Louis neap- City las Francisco
olis

1,404
1,489
1,480
1,477
1,471
1,470
1,470
1,451
1,460
1,468
1,493
1,484
1,486
1,498
1,505
1,489
1,487
1,476
1,467
1, 465
1,455
1,444
1,447
1,461
1,446
1,453
1,456
1,455
1,448
1,440
1,436
1, 452
1,442
1,448
1, 452
1,451
1,454
1,433
1,441
1,429
1,401
1,407
1,411
1,401
1,401
1,389
1,378
1,381
1,363
1,355
1,337
1,291

9,175
9,097
9,091
9,098
9,177
9,175
9,169
9,197
9,173
9,056
9,316
9,269
9,204
9,095
9,136
9,121
9,059
9,024
9,156
9,133
9,024
9,009
8,964
8,807
8,835
9,056
8,999
9,007
8,912
8,949
8,961
8,759
8,751
8,826
8,872
8,845
8,852
8,954
9,094
8,805
8,694
8,504
8,475
8,454
8,381
8,398
8,357
8,312
8,196
8,397
8,305
8,268

1,306
1,308
1,308
1,304
1,316
1,312
1,307
1,308
1,316
1, 335
1,372
1,392
1,393
1,396
1,422
1,405
1,390
1,380
1,347
1,349
1,354
1,349
1,350
1,380
1,362
1,364
1,353
1,365
1,360
1,362
1,367
1,365
1,361
1,353
1,347
1,349
1,370
1,348
1,323
1, 293
1,278
1,266
1,260
1,262
1,250
1,232
1,224
1,224
1,217
1,240
1,220
1,205

2,205
2,203
2,201
2, 205
2,217
2,227
2,218
2,220
2,231
2. 229
2, 265
2, 265
2, 283
2, 277
2, 290
2, 289
2,273
2,255
2,234
2, 236
2, 238
2,241
2,239
2,258
2,252
2,237
2,228
2,221
2,220
2,224
2, 222
2,226
2,212
2,196
2,185
2,183
2,214
2,196
2,155
2,133
2,106
2,090
2,083
2,072
2,062
2, 052
2,035
2,037
2,030
2,057
2,046
2,017

625
624
624
622
623
621
615
613
614
615
632
631
632
631
647
642
639
641
638
630
630
623
626
641
642
628
637
632
631
631
634
635
629
629
630
630
639
637
633
635
636
632
630
627
625
620
617
619
615
624
623
603

582
571
568
562
567
574
572
562
565
568
587
585
585
582
588
585
578
576
568
557
549
552
550
570
564
567
563
560
551
554
552
552
548
548
546
543
570
571
562
565
563
562
560
559
558
551
54,9
548
543
561
548
543

3,338
3,344
3,326
3,330
3,319
3,298
3,307
3,302
3,262
3,268
3,338
3,314
3,252
3,277
3,347
3,334
3,351
3,319
3,281
3,243
3,268
3,263
3,227
3,237
3,183
3,148
3,218
3,161
3,154
3,145
3,123
3,122
3,101
3,090
3,097
3,092
3,061
2,996
2,975
2,947
2,944
2,943
2,930
2,913
2,895
2,898
2,882
2,879
2,854
2,843
2,813
2,796

645
639
636
634
633
630
631
627
630
645
645
654
653
662
666
662
658
663
664
673
671
648
648
648
642
641
636
630
627
627
622
623
622
618
618
617
623
623
623
612
614
612
611
612
612
614
614
614
613
615
607
593

363
361
361
354
353
352
350
350
349
360
372
372
375
374
379
377
381
365
363
363
365
367
365
368
369
373
372
370
373
368
363
367
369
365
367
368
371
366
366
363
361
363
360
358
357
355
354
353
353
350
360
358

657
651
644
641
637
635
633
633
631
638
634
636
637
638
634
635
637
636
633
626
634
635
635
638
640
640
636
636
635
632
629
626
626
622
618
617
624
617
617
612
608
604
601
599
602
601
602
600
598
598
591
594

437
435
434
435
436
434
435
433
432
431
456
458
457
448
455
456
454
447
439
441
428
424
422
431
435
435
434
430
427
425
421
421
417
419
414
412
443
437
434
429
427
435
435
435
434
429
431
427
423
446
430
420

1,948
1,942
1,931
1,934
1,933
1,931
1,943
1,951
1,958
1,964
2,001
1,986
1,976
1,967
1,982
1,992
1,989
1,986
1,988
1,992
1,982
1,981
1,979
1,986
1,973
1,944
1,955
1,948
1,946
1,939
1,934
1,927
1,923
1,916
1,917
1,909
1,911
1,894
1,884
1,866
1,869
1,871
1,865
1,855
1,856
1,863
1,865
1,862
1,859
1,877
1,854
1,844

1,485
1,466
1,476
I 1,493
1,466
1,449
1,450
1,444
1,446
1,412
1,392
1,345

9,115
9,180
9,203
9,123
9,084
8,904
8,985
8,824
8,923
8,619
8,398
8,296

1,306
1,311
1,354
1,401
1,357
1,360
1,361
1,362
1,347
1,274
1,242
1,221

2,204
2,220
2,247
2,282
2,241
2,248
2,226
2,214
2,187
2,103
2,055
2,037

624
618
623
638
635
633
632
631
633
633
622
617

571
569
576
583
563
559
559
550
558
562
554
549

3,335
3,306
3,295
3,312
3,278
3,228
3.165
3,109
3,044
2,941
2,897
2, 837

639
630
644
660
668
647
632
621
621
612
613
608

360
351
363
377
3,64
367
371
366
367
362
356
355

648
634
635
636
632
637
635
626
619
606
601
596

435
434
444
454
439
428
430
419
428
431
432
429

1,939
1,939
1,977
1,981
1,987
1,980
1,946
1,925
1,903
1,868
1,860
1,859

Back figures.—See
Digitized forfor January, 1929. Annual Reports for 1930 (Table 106), 1929 (Table 100), and Federal Reserve Bulletin
FRASER


182
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
113.—REPORTING MEMBER BANKS—TOTAL LOANS, BY
MONTHLY AVERAGES OF WEEKLY FIGURES

WEEKS,

WITH

[In millions of dollars]
Federal Reserve District
Boston

New Phila- Cleve- RichdelYork
phia land mond

1,118
1,107
1,102
1,096
1,089
1,074
1,084
1,067

6,484
6,401
6,385
6.357
6,338
6,331
6,278
6,287

853
847
844
848
856
850

At-

Chicago

St. Min- Kan- Dal- San
Louis neap- sas
l s Frana
cisco
olis City

1931
Jan.
Jan.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.

7..
14
21
28
4.
11
18
25

_.-.

892

1,462
1,449
1,448
1,439

448
447
447
443

438
429
427
423

2,470
2,470
2,438
2,432

1,440
1,439
1,432
1,431

439
437
438
435

424
421
419
418

2,419
2,403
2,347
2,337

1,427
1,429
1,426
1,424

435
434
433
431

417
419
415
412

2,299
2,317
2,349
2,324

2,071
2,073
2,076
2,061
2,060
2,032
2,011
1,984
1,972

232
230
230
225
224
223
221
220
219
231
240
239
240
240
242
241
243
232
231
230
231
230
229
232
231
234
234
232
231
231
230
230
229
225
227
228
230
226
226
225
226
228
228
229
229
229
228
227
227
224
228
225

404
399
394
392
387
385
383
381
382
387
381
382
381
377
372
371
371
371
367
365
369
368
368
369
368
369
365
364
362
358
355
353
352
351
349
348
347
342
342
339
338
339
337
337
337
338
336
334
332
331
326
326

321
318
317
317
318
316
317
316
315
313
310
312
313
309
306
305
305
302
300
298
301
301
298
297
299
299
298
298
296
294
293
292
290
294
293
293
290
290
294
291
292
297
297
298
297
293
294
290
290
285
280
275

2,453
2,376
2,322
2,313
2,274
2,258
2,216
2,186
2,146
2,068
2,070
2,012

468
451
452
446
434
419
407
401
402
397
397
388

229
222
232
241
231
230
232
228
227
227
229
226

397
384
383
374
368
368
363
353
346
338
337
330

318 1,308
316 1,276
313 1,262
308 1,240
300 1,233
299 1,225
297 1,203
292 1,195
292 1,177
294 1,144
295 1,128
284 1,117

Mar.
Mar.
Mar.
Mar.

4
11
IS
25

1,075
1,083
1,061
1,059

6,299
6,183
6,346
6,342

Apr.
Apr.
Apr.
Apr.
Apr.

1
8
15
22
29

1,061
1,058
1,045
1,025
1,023

6,272
6,129
6,152
6,126
6,014

848
852
830
823

1,439
1,432
1,426
1,406
1,407

433
429
424
425
423

413
410
404
403
397

2,285
2,292
2,351
2,327
2,311

1,009
995
993
993

6,016
6,098
6,062
5,944

820
819
825
826

1,399
1,388
1,386
1,390

5,896
5,850
5,793
5,814

819
820
825
815

1,388
1,389
1,385
1,381

393
389
386
382
384
382
381
379

2,284
2,245
2,267
2,298

984

424
423
423
421
419
420
420
417

5,979
5,929
5,934
5,869
5,833

817
812
822
815
817

1,376
1,375
1,377
1,376
1,380

413
410
407
407
407

386
382
382
375
378

2,208
2,221
2,223
2,215
2,212

1,378
1,377
1,367
1,360
1,358
1,358
1,352
1,358
1,344

5,547
5,414
5,282
5,294

408
407
406
405
405
403
406
405
403
396
394
392
391

377
378
375
377
375
375
375
381
379

944
920
929
919

824
816
812
806
803
808
802
795
781
784
780
772
766

2,199
2,189
2,183
2,171

980
980
974
954
945

5,875
5,720
5,752
5,778
5,837
5,780
5,738
5,792
5,814

916
922
914

5,285
5,209
5,258
5,266

1,317
1,312
1,304
1,299

5,215
5,153
5,180
5,144
5,212

769
759
749
746
744
739
732
726
728

6,407
6,309
6,292
6,139
6,030
5,838
5,909
5,781
5,792
5,384
5,255
5,181

851
850
840
822
820
817
815
798
776
756
734

M a y 6M a y 13
M a y 20
M a y 27
June 3
J u n e 10
J u n e 17
J u n e 24:
Julyl..
July 8
J u l y 15
J u l y 22
J u l y 29
Aug. 5
Aug. 12
Aug. 19
Aug. 2 3
<
Sept. 2
.
Sept. 9
Sept. 16
Sept. 23
Sept. 3 0 . . . Oct. 7
Oct. 14
Oct. 21
Oct. 28

_
.._.

-

Nov. 4
Nov. 11
Nov. 18
Nov. 25
Dec. 2
Dec. 9
Dec. 16..
Dec. 23
Dec. 30
Monthly averages:
January
February.
March
April
May
June
July
August
September
October
November
December

971
987
994
989
977
972
968
981
975
981

862
1,106
1,079
1,069
1,042

976
967
928
913
894

1,332
1,325
1,317
1,321

1,302
1,301
1,297
1,295
1,283

387
387
383
381
382
378
380
377
369

1,450
1,435
1,426
1,422
1,391
1,386
1,377
1,370
1,354
1,324
1,308
1,296

446
437
433
427
423
419
409
406
404
393
385
377

380
378
376
375
375
374
372
371
371
367
366
365
361
429
421
416
405
388
381
381
377
377
377
373

1,320
1,313
1,299
1,299

475
469
466
462
455
453
451
447
447
459
450
452
452
451
444
442
439
441
435
433
428
421
420
421
414
414
409
406
404
404
401
402
401
399
403
402
401
402
402
397
399
397
396
396
396
398
396
394
392
391
388
376

2,290
2,252
2,256
2,232

2,180
2,175
2,169
2,112
2,096
2,072
2,066
2,070
2,064

1,277
1,270
1,277
1,281
1,278
1,266
1,257
1,247
1,247
1,237
1,240
1,238
1,237
1,231
1,235
1,237
1,230
1,230
1,227
1,223
1,219
1,209
1,207
1,201
1,200
1,200
1,198
1,197
1,196
1,188
1,188
1,183
1,179
1,171
1,165
1,151
1,148
1,142
1,133
1,130
1,126
1,128
1,128
1,123
1,118
1,116
1,111
1,115

Backfigures.—SeeAnnual Reports for 1930 (Table 107), 1929 (Table 101), and Federal Reserve Bulletin

Digitized forfor January, 1929.
FRASER


183

REPORTING MEMBER BANKS IN EACH DISTRICT

No, 114.—BEPORTING MEMBER BANKS—LOANS ON SECURITIES, BY WEEKS, WITH
MONTHLY AVERAGES OF WEEKLY FIGURES
[In millions of dollars]
Federal Reserve District
Month

1931
Jan.7
Jan. 14
Jan. 21
Jan. 2 8 . . . .
Feb. 4
Feb. 11
Feb. 18
¥eb. 25..._
Mar. 4
Mar. 11
Mar. 18
Mar. 25
Apr. 1
Apr. 8
Apr. 15
Apr. 22
_
Apr. 29
May 6
May 13
May 20
May 27
June 3
June 10
June 17
June 24
July 1
July 8
July 15..,.
—.
July 22
July 29
Aug. 5_
Aug. 12
Aug. 19
Aug. 26__
Sept. 2
Sept. 9
Sept. 16
Sept. 23
Sept. 30
Oct. 7
Oct. 14
Oct. 2 1 Oct. 28
Nov. 4
Nov. 11
Nov. 18
Nov. 2 5 . Dec. 2
Dec. 9
Dec. 16
Dec. 2 3 . . Dec. 30
—
Monthly averages:
January
February
March
April
May
June
July
August.
September
October
November
December

Boston

New Phila- Cleve- Rich- At- Chi- St. Min- Kan- Dal- FrandelYork phia land mond lanta cago Louis neap- sas
l s cisco
a
olis City

446
434
434
431
418
419
418
417
414
417
414
409
405
408
406
411
412
405
398
393
390
389
381
380
380
384
376
381
374
371
371
372
373
378
375
370
367
359
348
339
334
345
340
337
336
333
332
335
341
338
353
342

3,623
3,510
3,454
3,419
3,407
3,441
3,508
3,519
3,539
3, 472
3,595
3,623
3,561
3,447
3,455
3,436
3,374
3,414
3,481
3,390
3,331
3,281
3,237
3,154
3,147
3,220
3,162
3,113
3,069
3,040
3.005
2.990
2,979
3,010
3.036
2,994
2.992
2,981
3,015
2,800
2, 732
2,629
2,634
2, 613
2,597
2,624
2,581
2,561
2, 532
2,534
2,554
2,615

471
467
463
459
456
453
448
446
444
444
439
434
428
428
428
422
420
419
411
417
422
420
419
422
423
421
421
425
425
427
425
420
417
417
415
421
415
407
402
403
398
399
397
396
391
387
381
381
376
375
371
376

436
418
413
408
397
382
377
373
364
340
335
342

3,501
3,469
3,557
3,455
3,404
3,205
3,121
2,996
3,004
2,699
2,604
2,559

465
451
440
425
417
421
424
420
412
399
389
376

690
689
682
680

171
172
'171
171
168
167
166
164

678
678
675
674

164
165
164
162

684
677
666
657
657
652
647
651
644
646
647
649
648
642
639
645
642
643
643
642
631
629
626
623
618
616
612
601
598
596
596
595
590
587
586
586
585
584
578
578

163
165
162
162
161

144
144
144
144
140

139
139
138
136
131
132
132
132
131
135
132
133
129
129
128
128
120
116
115
116
116
117
116
117
115
116
114
114
113
114
112
113
113
115
113
114
114
115
115
115
115
116
116
114
114
114
115
115
112
115
114
112

685
676
668
649
648
642
636
619
598
590
582

171
166
164
163
160
161
157
159
158
147
145
143

138
132
133
127
116
116
114
113
114
115
114
114

703
695
696
696

160
160
161
160
160
161
161
161
159
156
156
158
155
158
159
161
159
160
159
158
157
155
147
147
147
147
144
145
144
146

1,203
1,215
1,194
1,195
1,193
1,183
1,136
1,129
1,093
1,123
1,164
1,141
1,116
1.121
1,182
1,161
1,145
1,112
1,076
1,095
1,107
1, 096
1,073
1,080
1,071
1,052
1,057
1,062
1,057
1,065
1,071
1,059
1,057
1, 053 1,059
1,048
1,038
1,012
996
987
986
982
982
989
992
1,004
998
1,000
990
975
951
947

203
200
195
191
188
187
186
185
181
188
179
177
176
177
173
174
173
176
171
172
170
170
172
172
169
170
167
166
165
164
163
163
163
162
162
162
160
161
159
156
158
157
156
155
155
157
156
155
153
155
147
145

78
78
78
78
77
77
76
76
59
63
60
59
59
60
59
58
59
58
57
57
57
58
58
59
59
61
61
61
61
61
60
62
62
60
60
60
61
58
57
56
57
57
58
58
58
61
62
61
63
59
60
60

107
107
107
108
106
106
106
103
103
109
105
103
104
103
102
101
102
103
101
101
101
101
101
102
102
101
100
101
100
100
100
99
98
98
97
97
96
92
94
92
90
91
91
90
91
94
93
92
93
92
90
89

94
92
92
92
91
91
92
91
91
91
91
90
91
91
90
89
90
88
89
88
92
92
92
91
94
92
90
92
91
90
89
90
87
90
91
89
89
. 85
84
82
82
85
81
82
86
85
83
82
81
79
81
81

414
412
404
403
378
374
375
371
359
352
347
344
340
340
343
339
339
333
340
340
338
337
334
333
334
327
322
317
315
314
315
310
312
306
306
305
306
318
309
303
304
302
299
294
293
2G9
2G8
295
290
290
290
292

1,202
1,160
1,130
1,145
1,098
1,080
1,059
1,060
1,031
984
996
973

197
186
181
175
172
171
166
163
161
157
156
151

78
77
60
59
57
58
61
61
59
57
60
61

107
105
105
102
102
101
100
99
95
91
92
91

92
91
91
90
89
92
91
89
88
83
84
81

408
374
351
340
338
335
319
311
309
302
296
292

Back figures.—Bee Annual Reports for 1930 (Table 108), 1929 (Table 102), and Federal Reserve Bulletins
or March and January, 1929.

125554—32
13



184

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 115.—REPORTING MEMBER BANKS-— " ALL O T H E R " LOANS, BY WEEKS, WITH
MONTHLY AVERAGES OF WEEKLY FIGURES
[In millions of dollars]
Federal Reserve District
Boston
1931
Jan.7
Jan.14
Jan.21
Jan. 28
Feb.4
Feb. 1 1 - . . .
Feb. 1S._.
Feb. 25
Mar. 4
Mar. 11
Mar. 18
.
Mar. 26
Apr. 1—
Apr. 8_._.
Apr. 1 5 - . .
Apr. 22
Apr. 29
May 6 . . .
May 13
_[___
May 20
May 27
June 3
June 10—
June 17_-_
June 24
July 1...
July8_
July 15. _
July 22__
July 29
Aug. 5
Aug. 12..
Aug. 19
Aug. 25
Sept. 2
Sept. 9 . . .
Sept. 16
Sept. 23,_
Sept. 30
Oct. 7 . . .
Oct. 14
Oct. 21...
Oct. 28
Nov. 4
Nov. 11
Nov. 18
'__'_
Nov. 25
Dec. 2—_
Dec. 9 . . .
Dec. 1 5 —
Dec. 23
Dec. 30
Monthly averages:
January
February
March
April
May
June
July
August
September
October
November
December

New Phila- Cleve- Rich-1 At- ChidelYork phia land mondjlanta cago

595
597
605
586
584
579
579
586
581
567
573
567
561
541
520

2,861
2,891
2,932
2,938
2,931
2,890
2,770
2,768
2,760
2,711
2,751
2,719
2,711
2,682
2,697
2,690
2,640
2,602
2,617
2, 672
2,613
2, 615
2,613
2, 639
2,667
2,759
2,767
2,821
2,800
2,793
2,870
2,730
2,773
2, 768
2,801
2,786
2,811
2,799
2,747
2,682
2, 653
2,660
2,672
2, 612
2,634
2,685
2,654
2,621
2, 646
2,590
2, 597

670
661
656
634
601
598
607
603
603
588
578
552

2,906
2,840
2, 735
2,684
2,626
2, 633
2,788
2,785
2,788
2,685
2,651
2,622

672
673
668
665
671
655
666
650
661
666
647
650
056
650
639
614
611
604
597
600
603
595
605
600
591
603
618
608
603
601
597
609
602
603
605
610

421
424
424
409
402
400
399
398
404
412
411
412
418
420
424
408
403
408
404
399
401
403
392
396
391
397
390
390
399
396
395
389
388
387
387
388
379
381
382
373
369
373
368
362
365
363
363
357
355
352

759
754
752
743
750
750
750
751
749
751
751
750
755
755
760
749
750
747
741
735
746
742
742
736
733
734
736
732
734
737
735
735
736
731
732
735
734
742
732
731
727
721
725
722
722
717
713
716
716
713
717
705

277
275
276
272
271
270
272
271
271
269
269
269
270
264
262
263
262
264
263
262
261
259
259
259
256
254
254
251
249
252
250
248
245
246
245
244
248
248
248
249
247
245
244
243
242
239
235
238
234
236
234
229

299
290
289
287
293
289
287
286
286
284
283
279
284
281
276
275
277
277
274
270
266
267
266
2C4
264
270
268
268
262
264
265
265
262
262
262
261
261
266
264
265
263
260
259
261
260
258
256
256
255
251
251
249

419
400
410
415
405
399
393
395
386
377
367
358

752
750
750
754
742
738
735
734
735
726
718
714

275
271
269
264
263
258
252
247
246
246
240
234

291
289
283
278
272
265
266
264
263
262
259
252

! Min- Kan- Dal- San
Fransas
City lac cisco
ias

1,156
1,164
1,161
1,158
1,147

251
248
249
245
244
242
240
239
240

1,128
1,130
1,126
1,118

238
239
238
237

1,121
1,127
1,131
1,100
1,100
1,085
1,080
1,088
1,082

1,060
1,042
1,036
1, 033
1,025

241
240
241
241
243
241
241
240
240
241
241
241
240
239
239
236
241
231

154
151
152
147
147
146
145
144
160
168
180
180
181
180
183
183
184
174
174
173
174
172
171
173
172
173
173
171
170
170
170
168
167
165
167
168
169
168
169
169
169
171
170
171
171
168
166
166
164
165
168
165

1,251
1,216
1,192
1,168
1,176
1,178
1,157
1,126
1,115
1,084
1,074
1,039

271
265
271
271
262
248
241
238
241
240
241
237

151
145
172
182
174
172
171
167
168
170
169
165

1,267
1,255
1,244
1,237
1,226
1,220
1,211
1,208
1,206
1,194
1,185
1,183

1,169
1,171
1,169
1,166
1, 166
1,172
1,169
1,172
1,191
1,194
1,179
1,176
1,161

1,082
1,081
1,072
1,063

271
270
270
271
267
266
265
262
266
271
271
275
276
274
271
268
266
265
264
261
258

297
292
287
284
281
279
277
278
279
278
276
279
277
274
270
270
269
268
266
264
268
267
267
267
266
268
265
263
262
258
255
254
254
253
252
251
251
250
248
247
248
248
246
247
246
244
243
242
239
239
236
237

227
225
225
225
227
225
225
225
224
222
219
222
222
218
216
216
215
214
211
210
209
209
206
206
205
207
208
206
205
204
204
202
203
204
202
204
201
205
210
209
210
212
216
216
211
208
211
208
209
206
199
194

290
279
278
272
266
267
263
254
251
247
245
239

226
225
222
218
211
207
206
203
204
211
211
203

906
901
895
896
899
896
902
910
919
914
910
903
907
897
897
898
895
897
892
893
893
890
885
882
885
884
885
886
883
887
884
8S2
882
878
873
853
856
848
844
840
834

830
828
828
826
821
823
900
902
911
900
895
890
868
832
825

Back figures—See Annual Reports for 1930 (Table 109) and 1929 (Table 103) and Federal Reserve Bulletins
for March and January, 1929.




REPORTING MEMBER &AKKS
No.

185

EACH DISTRICT

116.—REPORTING
MEMBER BANKS—INVESTMENTS, BY
MONTHLY AVERAGES OF WEEKLY FIGURES

WEEKS,

WITH

[In millions of dollars]
Federal Reserve District
Boston

New
York

PhilaRich Atdel- Cleve- mond
lanta
phia land

Chi-

St. Min- KanLouis neap- sas
o i City
ls

Dal- San
l s Frana
cisco

1931
376 2,690
382 2,696
378 ! 2, 706
381 I 2. 741

Jan. 7
Jan. 14
Jan. 21
Jan. 28
Feb. 4
Feb. 11
Feb. 18
Feb. 25
Mar. 4
Mar. 11
Mar. 18
Mar. 25
Apr. 1
Apr. 8
Apr. 15
Apr. 22
Apr. 29
May
May
May
May

467
472
472
462
460
461
481
475

3,113
3,114
3,014
3, 021

466
462
466
471
468

3, 077
3, 070
3,073
3,043
3,116

468
471
467
467
472
471
480
479
496

485
479
475
479

3,086
3,039
2,999
3,048
3,035
3,065
3,114
3,162
3,280
3, 258
3, 280
3,222
3,181
3,169
3,172
3,140
3,091

473
455
456
443
429

3,097 i
3,043
3,217
3,161
3,056

379
387
407
451

2,708
2,871
2,911
2,984
3,054
3,066
3,076
3,043
3.131
3,235
3,143
3,115

422
460
504
561
535
540
544
547
549
498
486
487

382
396
386
384
385
385
432
425
425
440
460
464
464

6
13
20
27

June 3
June 10
June 17
June 24
July 1
July 8
July 15 . . .
July 22
July29

2,839
2,844
2,891
2,910
2,874
2,873
2,970
2,927
2,932
2,966
2,984
2,995
3,045
3,008
3,058
3,071
3,080

414
417
422
436
458
459
460
464
468
479
522
546
547
548
570
575
567
560
528
524
528
530
530
555
547
547
541
543
545
545
543
549
549
547
544
541
568
553
542
509
498
494
494
493
491
483
478
480
478
508
494
477

.

Aug. 5
Aug. 12
Aug. 19
Aug. 26
Sept. 2
Sept. 9
Sept. 16
Sept. 23
Sept. 30
Oct. 7
Oct. 14
Oct. 21
Oct. 28
Nov. 4
Nov. 11
Nov. 18
Nov. 25
Dec. 2
Dec. 9
Dec. 16
Dec. 23
Dec. 30
Monthly averages:
January
February
March
April
May
June
July
August
September
October
November
December

.

485
481
478
492

466
468
479
484
479
451

743
754
752
766
777
788
786
789
804
800
839
841
844
845
864
883
866
856
846
850
848
853
850
873
871
861
853
844
844
844
844
849
845
836
827
825
862
838
811
801
781
773
762
755
750
748
736
735
729
760
751
734

177
177
177
179
184
184
177
178
179
11
8
199
200
199
202
223
217
216
217
215
207
209
204
206
221
225
215
227
225
224
224
226
228
223
224
225
227
233
232
230
239
242
240
239
240
238
237
236
237
237
244
245
234

144
142
141
139
143
153
153
144
148
149
172
173
172
172
184
182
11
8
183
179
171
167
168
168
19
8
185
11
8
11
8
178
176
176
175
174
173
171
11
7
168
195
190
183
185
185
186
185
184
184
179
178
177
176
195
183
182

754
785
821
860
850
862
849
844
833
779
747
741

178
11
8
190
211
2,12
214
223
225
229
240
237
240

142
148
160
178
175
178
178
173
181
185
181
183

868 170
874 170
889 I 170
898 172
900
960
965
963
951
989
990
967
985
996
1,007
1,040
1,035
1,036
976
970
973
975
981
951
940
997
938
939
933
924
933
918
919
917
917
892

875
878
873

822
822
821
819
822
832
829
824
882
930
973
999
1,004
970
949
923
898
873
827
825

132
131
11
3
129
178
129
177
129
180
129
180
130
| 183 130
i 186 129
I 195 132
202
133
201
135
211
134
222
137
220
136
219
138
222
133
229
132
240
133
243
134
227
137
228
136
227
136
228
138
227
139
227
138
224
138
223
142
223
137
221
133
221
137
221
140
219
140
215
140
215
140
222
11
4
221
140
221
140
215
138
215
135
215
135
215
132
216
129
216
123
216
126
218
126
220
126
221
126
224
126
219
132
217
133
171
179
192
214
234
228
225
220
219
215
216
220

11
3
129
131
136
133
137
139
138
140
135
127
129

253
253
250
249
250
250
250
252
249
251
253
254
256
261
262
264
266
265
266
261
265
267
267
269
272
271
271
272
273
274
274
273
274
271
269
269
277
275
275
273
270
265
264
262
265
263
266
266
266
267
265
268

116
118
117
118
118
118
118
117
117
118
146
146
144
139
149
151
149
145
139
143
127
123
124
134
136
136
136
132
11
3
11
3
128
129
127
125
11
2
119
153
147
140
138
135
138
138
137
137
136
137
137
133
161
150
145

251
250
252
262
264
269
272
273
273
268
264
266

117
118
11
3
146
139
129
133
127
136
137
137
145

628
630
631
635
656
661
666
670

744
739
729
730
742
754
752
755
753
755
752
751
752
763
754
735
748
747
746
739
736
730
727
728
729
726
732
723
719
715
721
729
732
725
730
735
737
739
741
761
743
729

715
741
754
755
743
730
726
724
732
742

Back figures.—See Annual Reports for 1930 (Table 110) and 1929 (Table 104) and Federal Reserve Bulle-

tin for January,
 1929.


186
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
117,—REPORTING MEMBER BANKS—NET DEMAND DEPOSITS, BY WEEKS
W I T H MONTHLY AVERAGES OF WEEKLY FIGURES
[In millions of dollars]
Federal Reserve District
Boston

1931
Jan. 7...
Jan. 14
Jan. 21
Jan. 28..
Feb. 4
Feb. 11
Feb. 18
Feb. 25
Mar. 4
Mar. 11
Mar. 18
Mar. 25
Apr. 1
Apr. 8
Apr. IS
Apr. 22
Apr. 29
May 6
May 13
May 20
May 27
June 3
June 10
June 17
June 24
July 1
Julys
July 15
July 22
July 29
Aug. 5.___
_.
Aug. 12
Aug. 19
Aug. 26
Sept. 2
Sept. 9
Sept. 16
Sept. 23
Sept. 30
Oct. 7
._
Oct. 14
._
Oct. 21
Oct. 28
Nov. 4
._.
Nov. 11..
Nov. 18
Nov. 25.....
Dec. 2
Dec. 9
Dec. 16.
Dec. 23
Dec. SO
Monthly averages:
January
February
..
March
April
._
May
_
June
-_.
July
August.
September
October
November
December

New Phila- Cleve- Rich- At- ChiSt. Min- Kan- Dal- San
sas
delLouis neap- City las FranYork phia land m o n d lanta
cisco
olis

6,492

6, 067
6,179
6,465
6,308
6,446
6, 356
6,393
6,316
6,222
6,145
6,186
6,242
6,171
6,202
6,177
6,537
6,120
6,001
6,033
6,041
5,922
5, 855
5,862
5,853
5, 829
5, 771
5, 866
5,650
5,715

778
783
774
770
762
755
745
752
756
783
784
807
839
841
855
829
817
815
787
789
786
799
800
804
785
793
775
784
778
780
781
780
776
768
766
774
757
724
723
693
C96
687
682
695
692
685
682
693
689
687
654
660

1,081
1,081
1,090
1,096
1,106
1,119
1,104
1,109
1,111
1,118
1,114
1,119
1,149
1,141
1,145
1,144
1,128
1,109
1,108
1,115
1,113
1,119
1,123
1,106
1,095
1,096
1,087
1, 068
1,074
1,075
1,081
1,089
1,071
1,050
1,045
1,047
1,019
985
967
954
933
904
896
892
900
897
891
894
886
895
879
885

331
335
341
331
333
333
323
325
328
329
322
323
326
324
331
334
326
335
337
330
330
341
339
334
328
328
328
335
329
326
331
334
325
326
328
332
328
321
323
322
330
320
315
320
316
312
308
312
311
302
297
293

304
312
304
300
299
302
316
309
302
311
300
301
310
311
312
311
312
309
310
307
304
306
306
302
296
307
304
302
295
292
293
294
288
288
287
287
282
277
271
271
272
264
260
259
260
259
258
257
258
255
250
252

1, 765
1,777
1, 755
1,765
1,772
1, 766
1,747
1,667
1,682
1,658
1,643
1,628
1, 620
1,603
1, 599
1,611
1,599
1,576
1,567
1, 567
1,502
1,527

893 6,455
869 6,403
861 6, 450
881 6,369
865 6,411
854 6,230
862 6,405
846 6,217
6,266
6,049
804 5,873
765 5,766

776
753
783
836
794
797
782
776
749
690
689
677

1,087
1,110
1,116
1,142
1,111
1,111
1,080
1,073
1, 013
922
895
888

335
329
326
328
333
336
329
329
327
322
314
303

305
307
304
311
307
302
300
291
281
267
259
254

1,873
1,839
1,791
1,785
1,809
1,757
1,788
1, 765
1,727
1,637
1,603
1,548

903
904
889
875
876
877
868
856
860
867
864
851
873
888
896
879
870

869
864
861
861
863
853
839
874
863
874
861
837
851
855
837
841
848
849
846
822
828
845
822
834
811
817
817
803
778
798
773
764
749
743

6,394
6,437
6,426
6,409
6,358
6,419
6, 357
6,469
6,529
6,443
6,457
6, 356
6, 376
6,348
6,327
6,475
6,450
6, 365

1,893
1,888
1,863
1,848
1,843
1,844
1,840
1,830
1,799
1,784
1,803
1,776
1,729
1,782
1,821
1,793
1,798

1,789
1,821
1, 834
1,793
1,776
1, 761
1,748
1,742
1,771
1,853
1,782
1,769
1,766

370
371
365
359
360
365
358
359
359
379
369
378
372
386
389
384
381
386
388
388
386
379
392
376
376
377
365
362
359
355
352
354
351
351
350
351
339
341
335
330
336
331
324
329
331
333
332
335
348
342
335
336
366
361
371
382
387
381
364
352
343
330
331

209
202

460
461
452
458

199
200
197
200
200
206
218
216

448
451
448
450

218
219
218
218
219

446
451
447
444
446
449
453
443
444

206
208
202
207

445
442

218
214
217
215
215
216
222
221
216

444
442
446
447

210
216
217
210
214
219
215
208
206
206
204
203
201

438
432
434
428
426
433
426
419
417
412
410
400
390

205
203
202
199

390
390
391
384

199
199
192
190
191

392
388
393
382

206
199
210
218
206
216
218
213
212
203
202
194

458
449
445
447
447
445
447
433
424
403
389

459
448
447
444
440

268
269
272
274
274
274
275
272
275
275
274
275
280
277
281
283
282
284
281
284
269
268
269
269
264
271
270
271
269
2G8
269
270
268
266
262
265
263
257
255
255
258
255
255
256
257
258
253
255
255
251
248
245

736
752
738
730
723
743
738
733
724
755
760
759
750
752
760
757
737
731
740
751
738
729
734
733
720
732
727
741
726
725
727
732
729
716
704
701
710
687
683
673
682
662
654
655
667
666
669
659
660
654
635
640

271
274
275
281
280
267
270
268
260
256
256
251

739
734
750
751
740
729
730
726
697
668
664
650

Back figures.See Annual Reports for 1930 (Table III) and 1929 (Table 105) and Federal Reserve Bulletin

for January,
 1929.


187

REPORTING MEMBER BANKS IN EACH DISTRICT
No.

118.—REPORTING MEMBER BANKS—TIME DEPOSITS, BY WEEKS,
MONTHLY AVERAGES OF WEEKLY FIGURES

WITH

[In millions of dollars]
Federal Reserve District
Boston

New Phila- Cleve- Rich- AtdelYork phia land mond lanta

Chi-

St. Min- Kan- Dal-1I San
sas
Louis neap- City las ) FranCisco
olis

1931
Jan. 7_.
Jan. 14
Jan. 21
Jan. 28
Feb. 4
Feb. 11
Feb. 18.
Feb. 25...
Mar. 4
Mar. 11
Mar. 18
Mar. 25
Apr. 1
Apr. 8
Apr. 15
Apr. 22
Apr. 29
May 6
May 13
May 20
May 27
June3
June 10
June 17
June 24
July 1
July 8
July 15
July 22
July 29
Aug. 5_
Aug. 12
Aug. 19
Aug. 26
Sept. 2
Sept. 9
Sept. 16
Sept. 23
Sept. 30
Oct. 7
Oct. 14
Oct. 21
Oct. 28
Nov. 4
Nov. 11
Nov. 18
Nov. 25
Dec. 2
Dec. 9
Dec. 16
Dec. 23
Dec. 30

1,721
1,720
1,748
1,748
520 1,757
517 1,774
519 1,827
522 1,830
526 1,787
526 1,750
521 1,756
524 1,770
521 1, 778"
520 1,752
521 1,749
519 1,750
522 1,786
520 1,788
520 1,803
521 1, 781
522 1,783
516 1,744
519 1,749
516 1,713
517 I, 726
519 1,721
517 1,711
514 1,690
512 1,681
511 1,682
513 1,656
516 1, 667
527 1,651
520 1,645
519 1,642
517 1,622
514 1,632
513 1,613
504 1,596
500 1,553
494 1,535
492 1,459
486 1,428
478 1,397
474 1,388
476 1,396
478 1,392
468 1,358
468 1,310
464 1,287
447 1,260
430 1,249

350
350
352
352
370
374
377
385
393
388
394
394
383
392
391
391
391
399
399
401
405
390
390
387
391
394
403
403
401
404
408
410
408
404
400
396
387
381
367
352
333
326
322
319
307
299
293
288
283
273
274
277

518
520
524
521
520
517
515
519
513
493
476
456

351
376
392
390
401
390
401
407
386
333
304
279

517
513
517
523

..

_

__

Monthly averages:
January
February
March..
April
May
June
July
August
September
October
November
December

1,734
1,797
1,766
1,763
1,789
1, 733
1, 697
1,655
1,621
1,494
1,393
1,293

1,069
1,063
1,056
1,040
1,032

237
236
236
236
237
237
238
237
238
239
239
242
245
247
249
249
250
252
251
251
249
244
241
237
235
230
238
237
237
238
238
238
237
235
237
235
234
232
232
230
228
225
224
222
223
223
223
218
210
208
208
206

148
149
150
149
150
150
150
149
149
150
150
152
152
152
152
151
152
152
153
153
153
154
154
153
152
151
151
151
150
149
147
146
146
145
146
146
145
145
145
144
143
143
143
144
143
143
143
143
145
145
156
15G

195
195
196
193
194
195
197
197
204
205
205
207
207
204
205
205
205
206
206
206
204
204
206
204
204
204
204
204
203
203
202
202
200
200
200
200
200
200
200
197
196
193
192
191
191
191
191
190
189
187
186
185

148
150
148
150
151
151
151
150
150
150
149
151
151
151
149
150
148
148
147
148
147
147
147
146
148
147
145
143
143
141
141
140
139
139
138
139
139
138
140
135
133
131
133
133
135
136
135
135
135
135
134
133

1,272
1,300
1,315
1,355
1,358
1,310
1,235
1,230
1,183
1,117
1,082
1,052

236
237
240
248
251
239
236
237*
234
227
223
210

149
150
150
152
153
153
151
146
145
143
143
149

195
197
205
205
206
204
204
201
200
195
191
187

149
151
150
150
148
147
144
140
139
133
135
134

990
988
987
988
991
991
996
1,000
1,008
1,008
1,017
1,, 016

242
242
243
243
245
246
248
250

225
224
222
220

1,254
1,273
1,278
1,283

220
220
221
224

1,297
1,296
1,300
1,305

247
250
251
252

227
226
231
232

1,318
1,324
1,308
1,310

1,017
1,019
1,009
1, 016
1,015
1,015
1,013
1,011
1,017

256
258
259
259
261
262
262
263
263

1,013
1,010
1,009
1,011

261
263
262
263
268
270
267
265
264

1,325
1, 312
1,352
1, 392
1, 395
1,377
1,340
1, 363
1,353
1,371
1, 348
1,281
1,241

1,015
1,018
1,021
1,021
1,024
1,021
1,017
1,013
1,006
1,003
999
990
984
975
952
941
934
925
918
912
907
895
892
891
880
877
864

263
263
264
265
262
264
260
254
251
247
244
242
240
239
238
237
236
233
232
232
229
227

230
231
230
230
230
229
228
227
227
228
227
226
226
233
232
234
233
235
236
236
234
233
231
229
228
228
225
220
218
216
217
215
214
213
213
209
209
207
206
206

988
994
1,012
1,015
1,014
1,011
1,020
1,014
990
938
908
881

242
247
250
259
262
262
267
264
258
243
238
231

223
221
229
230
228
227
234
235
228
218
214
207

1,235
1,234
1,228
1,231
1,248
1,243
1,242
1,222
1,213
1,211
1,196
1,178
1,165
1,163
1,141
1,123
1,107
1,098
1,097
1,087
1,075
1,069

1,018
1,020
1,013
1,014
1,028
1,024
1,019
1,026
1,042
1,031
1,028
1,028
1,031
1,035
1,038
1,046
1,055
1,074
1,076
1,084
1,076
1,075
1,071
1,057
1,055

1,055
1,053
1,050
1,044
1,045
1,031
1,028
1,017
1,012
1,014
1,007
988
984
977
953
948
950
950
944
944
945
943

930
930
933
1,016
1,024
1,032
1,041
1,077
1,065
1,050
1,022
994
950
944
934

Back figures.—Seo Annual Reports for 1930 (Table 112) and 1929 (Table 106) and Federal Reserve Bul-

letin for January, 1929.



188

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 119.-—REPORTING MEMBER BANKS-—RESERVE BALANCES, BY WEEKS, W I T H
MONTHLY AVERAGES OF WEEKLY FIGURES
[In millions of dollars]
Federal Reserve District
ChiSt. Min- Kan- Dal- San
sas
cago Louis neap- City las Franolis
cisco

Apr. 1
Apr. 8
Apr. 15
Apr. 22
Apr. 29
May 6
May 13
May 20
Mav 27

July l
July 8
July 15
July 22
July 29

Monthly averages
January.
February
March
April
May
June
July
August
September...
October.._
November.
December.

47
45
43
43
45
46
46
45
44
45
45
47
45
47
48
45
47
49
46
49
49
49
49
45
46
45
44
42
45
43
42
41
42
44
43
43
41
43
39
41
43
42
40
44
43
45
44
40
45
42
43
48

26
25
26
26
25
23
22
23
24
24
28
26
26
27
24
26
24
27
25
25
25
27
27
27
24
24
26
24
25
26
25
25
27
25
26
28
25
26
23
25
24
24
23
25
23
24
23
24
24
23
22
25

45
45
45
47
48
47
44
42
42
42
44
44

26
23
26
26
25
26
25
26
26
24
24
24

55
53
53
54
54
55
52
54
54
52
53
52
54
55
53
52
52
53
53
53
54
51
52
53
53
56
53
53
54
52
54
51
52
53
51
56
49
51
50
52
50
47
48
48
46
48
48

33
32
34
34
36
33
32
33
32
31
32
34
32
34
34
32
32
34
33
35
32
30
33
31
31
32
33

108
111
106
107
109
112
107
107
106
108
111
112
106
117
106
103
101
109
109
113
110
106
109
105
106
108
109
107
105
107
105
106
108
108
105
99
102
101
98
95
96
92
92
91
95
96
99

46
45
50
44
46

91
96
88
87

54
54
53
53
53
52
54
53
51
49
48
46

108
109
109
107
110
106
107
107
101
93
95
91

Back figures.—See Annual Reports for 1930 (Table 113), 1929 (Table 107), and Federal Reserve

Digitized for Bulletin for January, 1929.
FRASER


189

REPORTING MEMBER BANKS IN EACH DISTRICT
No.

120.-—REPORTING MEMBER BANKS-—BORROWINGS AT FEDERAL RESERVE
BANKS, BY WEEKS, WITH MONTHLY AVERAGES OF WEEKLY FIGURES
[In millions of dollars]
Federal Reserve District
San
Rich- At- Chi- St. Min- KanNew PhilaBoston York del- Cleve- mond lanta cago Louis neap- sas Dal- Franland
olis City las cisco
phia
1931

2
3
7
9
17

to

6
4
3
2

3
14
55
58
64

13
9
3
3
4
6
6
13
24
59
73
86

17
17
27
21
6
5
4
3
4
6
3
4
9
16
18
20

to to

18
18
24
29
31
32
32
29
37
32
31
25
25
10
9
3
2
— to to

12
7
3
6
6
9
8
19
19
104
53
130

to toco

-i
to
to to

->•

o too
2
2
3
2

56
56
65
79
61

41
53
65
75
80
75
69
67
71
79
86
102
91

3
5
4
5
6
8
12
11
12
12
19
21
18
18

22 §

9
15
30
22

23
19
19
20
16
77
152
105
80
57
51
49
53
54
68
47
149
334

1>

2
2
2
4
4
8
9
8
6
8

3
4
3
4
6
13
22
25
45
60
58
59
55
59
59
59

5
5
7
6
8
7
18
17
20
21
18
31
29

6
11
22
31
30

2
1
1
1

2
3
4
4
3
3
3
3
6
7
6
2
1
2
2
3
3

9
10
17
2
9
19
38
45
49
43
34
40
56
57
48
64
64
9
5
3
3
3
5
2
3
9
28
42
58

1
2
1

1
1
1
1
1
2
2
2
2
2

1
1

1
1
1
1
1
1
1
1
1

1
1
1
1
1

2

1
2
2
2
2
3
3
2
5
3
5
4
4
8
10
11

3
3
7
3
3
3
3
6
4

2
3
1
1

11
13
11
11
11
13
1
1
— -2
3
6
10
11

12
16

21
19
20
17
16
17
16
16

10

I

26
12
14
6
11
12
11
9
14
1
7
18
8

I

1
1

8
4
1
1
1
2
1
4
4
14
20
17

1
1
2
1
1
1
1
2
1
1
1
1
6
7
12
12
12
12
OCO

2
3
4
4
8
8
8
9
12
11
16

1
2
1
1
1

2
2

7
5
2

1
1

1
1

—

4
fi

1

to

2
4
3
1
1
2
2

1
1
2
2

1
1
1

to

7
8
11
11
6
8
7
7
10
17
24
13
21

2
1
3
1
1
1
1

11
7
7
5

2

to

11
9
10
5
4

1
2

6
5
5
5
5
6
3
2
3
5
4
2
3
4
2
5
5
6
5
4
8
3
2
3

to to

10
10
10
7
6
6
3
3
3
2
4
1
7
3
3
4
4

to to

4
4
4
3
4
3
2
2
2
2
2
2
3
2
3
3
2

13
9
8
7
7
5
5
4
3
4
3

cococo o-

7
16
3
3
4
4
3
3
4
7
3
8
7
7
6
7
5

CO

1
2
2
2
2
3
3
3
3
1
2
2
2
1
2
2
2

OS CO

\pr 8
Apr. 15
Apr 22
Apr 29
May 6
May 13
May 20
- -May 27
June 3
June 10
June 17
June 24
July 1
July 8
July 15
July 22
July 29
Aug 5
Aug 12
Aug 19
Aug 26
Sept 2
Sept 9
Sept 16
Sept 23
Sept. 30
.
Oct 7
Oct. 14
Oct. 21
Oct 28
Nov. 4
Nov. 11
Nov. 18
.-Nov 25
Dec. 2
Dec. 9 .. _ -.
Dec 16
Dec. 23
Dec. 30
Monthly averages:
January
February
March-__
April
May
June - _
July
August
September..
October
November
December

10
10
8
11

tO

Apr 1

9
7
6
4

K-> tO

- -

18
14
14
8

to o

4
11
18
25
4
11
18
25

8
7
6
4

to

Feb
Feb
Feb
Feb
Mar
Mar
Mar
Mar

27
11
5
6

to to

2
-* to to

7
14
21
28

CO CO

Jan
Jan
Jan
Jan

10
8
6
3
1
1
1
1
1
1
1
9
11
8

8
12
3
17
23
15
24
1
20
18
33
22
14
4
27
29
29
35
22
21
41
51
67
94
93
86
77
74
76
81
73
47
56
41
14
11
10
3
4
20
19
19
30
76
78
60

Back figures.—See Annual Reports for 1930 (Table 114), and 1929 (Table 108) and Federal Reserve Bul-

letin for January, 1929.



190

ANNUAL BEPORT OF THE FEDEKAL EESERVE BOARD

BANKERS' BALANCES OF REPORTING MEMBER BANKS,
BY DISTRICTS
No. 121.—[REPORTING MEMBER BANKS—DUE TO BANKS, BY MONTHS, 1930

AND

1931
[Monthly averages of weekly figures. In millions of dollars]
Federal Reserve District
Month

1930
January
February. _
March
April...
May
June.
Julv._
August..
September
October
November.
December. ._
1931
January.
February _
March
April. _.
May
June.
Julv
August
September
October
November...
December
No.

New Phila- Cleve- Rich- AtdelYork phia land mond lanta

Boston

Chicago

MinKanSt.
sas
Louis neapo- City
lis

Dallas

San
Francisco

125
122
117
130
118
125
138
129
130
141
147
134

992
963
1 013
1, 049
999
1 083
1,186
1,082
1,159
1,235
1,279
1,254

167
171
169
173
164
176
208
220
227
234
222
225

197
208
217
232
246
277
335
343
371
357
330
299

99
96
97
98
96
98
110
108
113
119
119
106

119
113
111
109
100
97
99
97
104
108
104
99

422
431
462
459
456
482
512
518
528
502
494
490

134
131
123
121
117
121
129
126
125
126
123
117

76
75
81
78
73
80
80
82
89
85
90
84

203
203
199
190
186
195
231
246
244
223
218
209

92
98
91
89
86
87
91
92
109
119
118
114

202
206
219
215
229
243
285
292
306
297
286
262

145
147
149
158
146
147
152
140
137
131
125
116

1,357
1, 385
1 397
1, 344
1,327
1,238
1,363
1,201
1,165
1,072
994
939

249
259
283
282
260
261
259
236
211
173
159
151

349
388
399
409
395
379
358
337
281
206
185
183

115
122
124
126
120
118
113
111
103
90
84
83

102
113
120
121
117
112
102
95
84
78
77

507
531
546
528
517
487
485
444
441
372
368
365

130
133
132
135
136
123
114
105
101
91
88
83

82
84
96
94
90
95
85
81
81
71
73
68

212
223
225
230
228
214
210
200
182
155
151
147

111
127
123
121
120
109
97
86
81
80
80
77

274
284
2S0
264
260
251
242
229
211
187
184
174

74

122,—REPORTING

MEMBER BANKS—DUE FROM BANKS, BY MONTHS,
AND 1931
[Monthly averages of weekly figures. In millions of dollars]

1930

Federal Reserve District
Month

1930
Januarj r
February
March
April
May
June
July
August
September
October
November
December
1931
January
February
March
April
May
June
July
August
September
October
November
December

Boston

New ™ l a - Cleve! pit land

York

Min- KanSt.
Louis neapo- sas
lis
City

Rich- Atmond lanta

T^-i i San_
Dal- I F ? . a n

las

cisco

52
45
50
61
54
61
67
66
73
86
113
87

_.

117
115
136
165
157
159
170
150
157
174
161
164

60
57
61
63
64
75
99
97
92
95
105
90

92
91
97
104
110
117
141
131
142
134
140
115

51
49
50
53
62
73
81
81
86
91
86
76

75
72
76
72
69
74
79
76
84
84
76
72

191
220
213
203
197
215
295
253
281
271
273
257

59
59
56
56
54
62
70
65
70
81
82
85

119
119
127
122
121
144
183
200
211
195
179
162

58
63
79 |
70
73
82
93
90
105
108
101
103

168
167
164
162
175
183
223
228
235
220
211
204

111
115
120
118
98
102
116
98
91
90
72
60

123
173
138
170
180
195
185 j 132
135
168
134
179
132
172
89
131
78
136
71
119
70
105
66
101

162
170
174
143
152
135
151
126
107
83
79
74

100
102
108
106
99
92
92
88
78
58
52
52

83
91
96
92
87
83
82
74
68
59
55
51

262
283
302
290
318
265
309
279
261
197
191

96
110
102
92
87
82
76
72
66
53
44
40

164
183
187
190
192
170
158
148
132
105
106
100

102
118
115
109
111
112
94
82
76
64
63
62

217
222
200
196
204
195
196
182
165
131
126
116

Back figures of due to banks and due from banks—See Annual Report for 1929 (Tables 109 and 110).




191

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

BANK SUSPENSIONS
No. 133,—BANKS SUSPENDED AND REOPENED, BY DISTRICTS,
Class of bank and Federal
reserve district
All banks, total.

Banks reopened

Banks suspended *
Number

Capital

Deposits

2,298 $208,120, 000 $1,691, 510, 000

1931

Number

Capital

Deposits

762 $19,102, 000 $158,187,000

Boston
New York
Philadelphia...
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis-_.
Kansas City...
Dallas
San Francisco..

33
80
101
182
206
139
631
264
271
222
93
76

8, 331,000
17,885, 000
21, 787, 000
39,664, 000
15, 727, 000
8,667, 000
58, 725, 000
10, 283, 000
6,859, 000
6, 892,000
7, 746, 000
5, 554, 000

117, 038, 000
155, 272, 000
155, 729, 000
400,171, 000
116, 700, 000
51, 370, 000
425,041, 000
68, 217, 000
57, 448, 000
46,917,000
53, 030, 000
44, 577, 000

2
3
1
4
56
14
37
99
25
17
17
1

550, 000
2, 950, 000
50, 000
130, 000
2, 963, 000
882, 000
3, 015, 000
6, 373, 000
649, 000
500,000
1,015,000
25, 000

Member banks, total-

517

83,861, 000

733, 528, 000

31

7, 215, 000 53, 944, 000

Boston
New York
Philadelphia...
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis-..
Kansas City...
Dallas
San Francisco..

7
44
30
63
53
30
102
45
47
21
42
33

3,635,000
11, 560, 000
3, 730, 000
22, 405,000
5, 845, 000
3, 586, 000
18,115,000
3,445, 000
1,645,000
1,185, 000
5, 055, 000
3, 655, 000

43,123,000
98, 989, 000
28, 545, 000
213,149,000
44, 476, 000
22, 468, 000
174, 836,000
25, 200, 000
11,477,000
8, 987, 000
38, 316, 000
25,964, 000

2
1

2, 750, 000 21, 740, 000
50, 000
239, 000

4
2
1
12
3

900, 000
310, 000
1,000, 000
1,855, 000
125, 000

6, 044, 000
5, 481, 000
7, 502, 000
9, 820, 000
1, 466, 000

5
1

200, 000
25, 000

1, 535, 000
117, 000

409

49, 347, 000

439,171, 000

25

3,165, 000

26,182, 000

6
34
23
47
46
25
70
35
46
21
33
23

3, 435, 000
3, 310,000
2, 205, 000
12, 050, 000
4, 977, 000
3, 015, 000
9,155, 000
2, 410, 000
1, 595,000
1,185, 000
3, 465, 000
2, 545, 000

39,824, 000
44, 086, 000
18, 279, 000
118 587,000
38, 787, 000
20,649, 000
77,166, 000
21, 043, 000
10, 981,000
8, 987, 000
23, 571, 000
17, 211,000

1
1

250, 000
50, 000

2, 939, 000
239,000

3
2
1
9
2

650, 000
310. 000
1, 000, 000
605, 000
75,000

3, 892, 000
5,481, 000
7, 502, 000
3, 507, 000
970, 000

5
1

200, 000
25,000

1, 535, 000
117, 000

108

34, 514,000

294, 357, 000

6

4, 050, 000 27, 762, 000

1
10
7
16
7
5
32
10
1

200, 000
8, 250, 000
1,525, 000
10, 355, 000
868, 000
571,000
8, 960, 000
1, 035, 000
50,000

3, 299, 000
54, 903, 000
10, 266,000
94, 562, 000
5,689, 000
1,817,000
97,670, 000
4,157, 000
496,000

I

2, 500, 000

18, 801, 000

1

250, 000

2,152, 000

3
1

1, 250, 000
50,000

6, 313, 000
496, 000

9
10

1, 590, 000
1,110,000

12, 745, 000
8, 753, 000

1,781

124, 259, 000

957, 982, 000

245

4,696, 000
26
36
6, 325, 000
71
18, 057, 000
17, 259, 000
119
153
9,882, 000
109
5, 081, 000
529
40,610, 000
219
6,838, 000
224 . 5, 214, 000
201
5, 707, 000
51
2,691, 000
43
1,899, 000

73, 915, 000
56, 283, 000
127,184, 000
187, 022, 000
72, 224, 000
28, 904, 000
250, 205, 000
43, 017, 000
45,971, 000
37, 930, 000
16, 714, 000
18,613, 000

2
1

National bank members, total _
Boston...
New York
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis...
Kansas City...
Dallas
San Francisco..
State bank members, total
Boston
New York
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis...
Kansas City...
Dallas
San Francisco..
Nonmember banks, t o t a l . . . . . .
Boston
New York
Philadelphia..
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis...
Kansas City...
Dallas
,...
San Francisco.

4
52
12
36
87
22
17
12

5, 216, 000
24. 423, 000
239, 000
1,715,000
23, 592, 000
11,388,000
26,905, 000
45, 299, 000
7, 384, 000
4,174,000
7, 735. 000
117, 000

11, 887, 000 104, 243, 000
550, 000
200, 000

5, 216, 000
2, 683, 000

130, 000
1, 715, 000
2, 063, 000 17, 548, 000
572, 000
5, 907, 000
2, 015, 000 19, 403, 000
4,518,000 35, 479, 000
524, 000
5, 918, 000
500, 000
4,174, 000
815, 000
6, 200,000

1
Figures shown for capital do not include data for 1 mutual savings bank (without capital stock) and
15 private banks for which capital figures are not available.
Back figures.—See Annual Reports for 1930 (Table 117), 1929 (Table 111), 1928 (Table 115), 1927 (Table
111), and 1926
 (Table 98).



192

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
No. 124. —BANKS SUSPENDED AND REOPENED, BY STATES,

1931

[Figures are for member and nonmember banks]
Banks reopened

Banks suspended i
State
Number
United States

2,298

New England:
Maine
New Hampshire
V ermont
Massachusetts
Rhode Island
Connecticut ._

Capital

Deposits

Capital

Number

$208,120, 000 $1, 691, 510,000

276

Deposits

$19,102,000 $158,187,000

2
2

100,000
75, 000

2, 254, 000
1, 002,000

19

6, 600, 000

95, 408, 000

1

150,000

2,436,000

10

1, 556, 000

18, 374, 000

2

600,000

5, 463, 000

Middle Atlantic:
New York
New Jersey
Pennsylvania

55
38
137

12,180,000
7, 030, 000
31, 741, 000

92, 801, 000
73,128, 000
270, 787,000

1
2

2, 500, 000
300,000

18, 801,000
3,178, 000

East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin

115
96
238
113
49

26, 088,000
8,100, 000
30, 813, 000
11, 374, 000
2, 640, 000

260, 439, 000
63, 890, 000
175,978, 000
102, 841, 000
24, 701, 000

3
20
17
3
11

80, 000
1, 257, 000
1, 670, 000
175, 000
418, 000

1, 081,000
10, 777, 000
10, 278, 000
2, 636, 000
4,813, 000

101
208
122
66
73
109
38

2, 525, 000
8,865, 000
3, 750, 000
1, 265, 000
1, 942, 000
3, 731, 000
1,161, 000

25,313, 000
86, 222, 000
22, 899, 000
8,170, 000
12, 971, 000
28,137, 000
6, 369, 000

7
2
9
2
12
10

240,000
1, C20, 000
235, 000
50, 000
269, 000
390, 000

2,468, 000
7, 710, 000
1, 954,000
369, 000
3, 527, 000
2,977,000

West North Central:
Minnesota

. -_-

IOWEL

Missouri
North Dakota
South Dakota
Nebraska
Kansas
South Atlantic:
Delaware
Maryland
-- District of Columbia
Virginia
West Virginia
North Carolina
_
South Carolina, _
Georgia
Florida
East South Central:
Ken tucky
_
Tennessee
Alabama
Mississippi
West South Central:
Arkansas
Louisiana
Oklahoma
.
_ _
_ _
Texas
Mountain:
Montana
Idaho
Wyoming
Colorado
New Mexico
Arizona
Utah
Nevada
Pacific:
Washington
Oregon
California

20

2, 289, 000

25, 775, 000

3

240, 000

3, 573,000

37
57
63
34
35
17

2, 532, 000
4, 640, 000
4, 714,000
2, 287, 000
1,846, 000
1, 638, 000

16, 792, 000
37, 832, 000
29, 791,000
9, 947, 000
8, 515,000
9, 935, 000

13
7
33
1
1
2

684, 000
555, 000
1, 484,000
50,000
30,000
125, 000

4, 525, 000
5,922,000
10, 024, 000
182,000
110,000
866, 000

27
31
36
60

2, 626, 000
1,124, 000
2, 049, 000
3, 208, 000

18,132, 000
5, 583, 000
6, 759, 000
28, 337, 000

10
4

1,995, 000
93, 000

16, 057, 000
419,000

39

1, 611, 000

18, 510, 000

57
7
24
86

2, 396, 000
495,000
520, 000
7, 341, 000

11, 744, 000
4, 712, 000
3, 404, 000
49, 403, 000

36
2
5
15

1, 551, 000
250, 000
70. 000
915, 000

8,894, 000
2, 947, 000
517, 000
6, 230, 000

11
10
3
21
1
5
9
2

255,000
495, 000
175,000
545, 000
50,000
350, 000
460, 000
70, 000

1,136, 000
2, 290, 000
1, 031, 000
3, 234, 000
752,000
2, 968, 000
8,326, 000
172,000

1
1

20, 000
25, 000

74, 000
117,000

I

50, 666

752,000

22
14
18

1, 475, 000
1, 040, 000
1, 964, 000

10, 429, 000
9,460, 000
13, 367, 000

"

I

" " I

1
Figures shown for capital do not include data for 1 mutual savings bank (without capital stock) and
15 private banks for which capitalfiguresare not available.
Backfigures—SeeAnnual Reports for 1930 (Table 118), 1929 (Table 112), 1928 (Table 116), 1927 (Table
112), 1926 (Table 100), and 1925 (Tables 97 and 98).




ANNUAL EEPOET OF THE FEDERAL RESERVE BOARD

193

EARNINGS, EXPENSES, AND DIVIDENDS OF MEMBER BANKS
No. 125.—MEMBER BANKS—EARNINGS, EXPENSES, AND DIVIDENDS, BY FEDERAL

RESERVE DISTRICTS, 1927-1931
[In thousands of dollars]
District and year ending June 30
Boston:
1927
1928
1929
19301931
New York:
1927
1928
1929
1930
1931
Philadelphia:
1927
1928
1929
1930
1931
Cleveland:
1927
1928
1929
1930
1931
Richmond:
1927
1928
1929
1930
1931
Atlanta:
1927
1928
1929
1930
1931..
Chicago:
1927
1928
1929
_.
1930..
1931
St. Louis:
1927
1928
1929
1930
_.
1931
Minneapolis:
1927
1928
1929
1930...
1931
Kansas City:
1927
1928
1929
1930
1931
Dallas:
1927
1928
1929
1930
1931

San Francisco:
1927
1928
1929
1930_._
1931

Total
Gross
Total
net
earnings expenses earnings

Net
charged
off

Net adDividition to dends
profits declared

148,413
159,629
1(58,442
171, 324
149, 683

107,527
114,499
116,254
119, 246

40,886
45,130
52,188
52,078
41,485

15,337
13,309
24,371
26. 596
31, 759

25,549
31,821
27,817
25,482
9,726

20,145
20,859
22,333
30, 760
25, 820

607,316
668,002
766,914
809, 381
664, 049

409,335
444,702
499,151
533, 002
439, 006

197,981
223,300
267, 763
276, 379
22,5, 013

29,600
37, 741
42,177
79, 580
197, 466

168, 381
185, 559
225,586
196,799
27, 577

97,859
107,226
124,797
152, 510
144, 748

155,340
161,382
170, 503
175,940
167, 787

102,921
108,009
114,916
116,957
117,958

52,419
53,373
55,587
58,983
49, 829

6,702
8,375
12,096
13, 875
34,114

45, 717
44,998
43,491
45,108
15, 715

26,493
26,807
29,314
34. 225
32, 809

213,798
220,115
230,196
231,889
221, 790

155, 507
162, 218
167,874
166, 958
164, 299

58, 291
57,897
62,322
64,931
57, 491

16, 031
13, 713
14,016
20, 287
35, 703

42,260
44.184
48, 306
44, 644
21, 788

28, 737
29,751
31,513
29, 469

84,385
87, 233
86,890
80, 222
72, 222

60,973
63,227
64,126
59,240
54, 886

23,412
24,006
22,764
20,982
17, 336

7,216
7,847
7,499
8,561
16, 943

16,196
16,159
15,265
12.421
393

13,096
12, 756
13, 782
12,712
10,847

83,277
83,018
85,202
79,391
65, 687

60,993
61, 537
63.487
59.153
51, 075

22,284
21,481
21,715
20, 238
14, 012

9,225
8,599
8,887
17,358
14, 572

13,059
12,882
12,828
2,880
40

12, 208
11, 247
12,575
11,178
10, 939

311, 247
339,690
331, 264
282, 524

218, 617
232,407
235,179
237,378
207,170

77,467
78, 840
104, 511
93,886
75, 354

18,282
19, 602
25,549
33, 995
36, 062

59.185
59, 238
78,962
59,891
39, 292

36,317
45,198
49,882
49, 796
46, 629

86, 541
87,894
91,146
88,424
72, 321

64.488
64, 601
65,668
64, 599
54, 281

22,053
23,293
25,478
23,825
18, 040

6,842
5,786
6,093
7, 654
11, 643

15,211
17, 507
19, 385
16,171
6,397

13, 746
12, 988
13,321
15, 736
10, 720

55,750
57,354
60,654
63,198
56, 770

43,063
43,724
44,030
45,958
42,845

12,687
13, 630
16,624
17, 240
13, 925

6,506
5,729
9,488
6,556
8,005

6,181
7,901
7,136
10, 684
5,920

5,699
5,780
7,326
7,717
6,887

83,067
84,241
88,814
88,360
81, 579

61,401
63,034
63,609
62,999
60, 602

21, 666
21, 207
25,205
25.361
20,977

13,063
9,671
9,009
9,848
12, 462

8,603
11, 536
16,196
15, 513
8,515

8,347
9,821
12,049
12,445
9,454

61,370
64,591
71,746
70. 979
61, 269

43,872
44,939
48,281
49,007
45, 653

17,498
19,652
23,465
21, 972
15, 616

8,480
9,044
8,287
9.777
12,114

9,018
10, 608
15,178
12,195
3,502

8,289
9,156
10,233
10, 201
7,626

193,529
208,721
211,449

146, 504
160,441
159,199
162,820
164, 538

47,025
48,280
52,250
55, 340
47, 710

16,968
20,323
17,018
17,122
24, 550

30, 057
27, 957
35, 232
38, 218
23,160

22, 231
33, 713
38,981
28, 901
27, 403

218,160
212,248

27,636

Back figures.—See Annual Report for 1927 (Table 118).
Ratios.—For district ratios of figures given, which relate to fiscal years, to average earning assets, etc.,
see Federal Reserve Bulletins as follows: 1928—December, p. 879; 1927—January, pp. 26-28; December,

pp. 883-884.



194
No.

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
126.—NATIONAL BANKS *—EARNINGS, EXPENSES, AND DIVIDENDS, BY
FEDERAL RESERVE DISTRICTS, 1927-1931

[In thousands of dollars]
District and year ending June 30

Total
Gross
Total
net
earnings expenses earnings

Net
Net adDividends
charged dition to declared
profits
off

Boston:
1927
1928
1929
_
1930
1931
New York:
1927
._
1928_
1929
1930..
1931
Philadelphia:
1927
._
1928
1929
1930
1931
Cleveland:
1927
1928_
,1929—
1930
1931
Richmond:
1927
1928
1929
1930
1931
Atlanta:
1927
1928
1929
1930
1931
Chicago:
1927
1928.
1929
1930
1931
St. Louis:
1927
1928,
1929
1930
_
1931
Minneapolis:
1927_
1928
1929—
1930
1931

Kansas City:

1927
1928
1929
1930
1931
Dallas:
1927
1928
1929.
1930
1931
San Francisco:
1927
1928
1929
1930
1931

98,200
106,268
111, 799
117,455
105,982

69,154
74,620
75,539
80,141
78,171

29,046
31,648
36,260
37, 314
27,811

12,716
10,839
18, 708
22, 081
25, 284

16,330
17,552
15, 233
2,527

14,243
14,654
15.854
22', 710
19, 391

302, 553
326, 641
343,545
351,352
330, 313

201,892
217, 385
226,078
234,087
220, 765

100, 661
109, 256
117,467
117, 265
109, 548

16, 510
26,313
27,000
53, 537
123, 534

84,151
82,943
90,467
63, 728
2 13,986

50, 438
52,496
52, 585
68, 244
65,981

109,098
110, 689
114, 627
114,668
108, 844

72, 713
73, 915
77, 789
76, 608
76, 277

36,385
36, 774
36,838
38, 060
32, 567

5,403
6,421
8,165
10, 008
25, 847

30, 353
28,673
28,052
6,720

17,842
17,168
19,443
22. 603
20, 264

112,423
113, 341
116,059
116,353
110,591

81,023
82, 202
84,103
82, 688
80,997

31,400
31,139
31,956
33,665
29, 594

11,049
8,061
8,797
12, 695
24, 803

20, 351
23,078
23,159
20, 970
4,791

15, 286
15,121
15,072
16, 001
14, 253

68,658
70, 610
69,466
63, 613
55, 549

19,099
19,244
18,349
17,107
13, 760

6,077
5,860
6,018
6,209
15, 085

13,022
13, 384
12,331
10.898
2 1,325

10,956
10,623
11, 521
10,198
8, 235

58,473
62,438
63,968
61, 567
52,176

49, 559
51,366
51,117
46, 506
41, 789
42,919
46, 224
47,395
45, 568
40, 387

15, 554
16, 214
16, 573
15,999
11, 789

6,077
6,486
6,831
10,863
8,940

9,477
9,728
9,742
5,136
2,849

8,819
8,392
9,946
8,999

149,420
160, 244
185,001
167, 679
145,105

109, 604
118,428
122,012
119,935
107, 432

39,816
41,816

11.003
13,930
18.004
23,074
24, 889

28,813
27,886
44,985
24,670
12, 784

19,574
27, 679
27,530
23, 483
21, 625

51,376
53,184
55,801
51, 377
41, 331

38,863
39,094
40,083
37, 253
31,114

12, 513
14,090
15,718
14,124
10, 217

3,761
3,552
3,884
4.935
7,725

8,752
10, 538
11,834
9,189
2,492

9,394
8,722
8,815
10,070
6,120

51, 711
53,376
56, 263
59,131
53,516

39,915
40, 761
40,933
43,114
40, 364

11, 796
12, 615
15,330
16, 017
13,152

5,766
5,126
9,086
5,958
7,502

6,030
7,489
6,244
10,059
5,650

5,379
5,461
6,936

74,233
75, 636
80,532
80, 243
74,134

54,815
56, 553
57, 300
56, 782
54,936

19,418
19,083
23, 232
23,461
19,198

11,822
8,530
8,607
9,451
11,927

7,596
10, 553
14,625
14, 010
7,271

7,397
8,867
11,104
11, 434
8,478

58,053
61,111
67,506
65, 527
56, 386

41,355
42, 535
45,477
45, 278
41, 867

18, 576
22,029
20, 249
14, 519

7,863
8,046
7,566
8,636
11,296

8,835
10, 530
14,463
11,613
3,223

8,022
8,806
9,719
9,595
7,032

108,064
150,025
158,891
175, 776
172, 388

80,060
114,048
118,458
129, 244
132, 085

28,004
35,977
40,433
46, 532
40,303

10,267
13,346
13,000
14. 445
20,914

17,737
22,631
27,433
32, 087
19,389

13,279
27,224
34,003
25, 739
24,430

47, 744
37,673

7,267
6,486

2
i Member banks only, i. e., exclusive of national banks in Alaska and Hawaii.
Net loss.
Backfigures—SeeAnnual Report for 1927 (Table 118).
Ratios.—For district ratios offiguresgiven, which relate tofiscalyears, to average earning assets, etc.,
see Federal Reserve Bulletins as follows: 1928—December, p. 879; 1927—January, pp. 26-28; December,
pp. 883-884; 1925—December, pp. 872-873.




195

EARNINGS AND EXPENSES OF MEMBER BANKS

127.—STATE BANK MEMBERS—EARNINGS, EXPENSES, AND DIVIDENDS, BY
FEDERAL RESERVE DISTRICTS, 1927-1931
[In thousands of dollars]

District and year ending June 30

Boston:
1927
1928.
1929
1930
1931
New York:
1927.
1928.
1929
1930
1931
Philadelphia
1927
1928_
1929-.
1930
1931
Cleveland:
1927.
1928_
1929
1930
Richmond:
1927
1928.
1929
1930
1931
Atlanta:
1927.
1928
1929
1930
1931
Chicago:
1927
1928..
1929.
1930
1931
St. Louis:
1927
1928
1929.
1930
1931
Minneapolis:
1927
1928_
1929
1930
1931
Kansas City:
1927
1928
1929
1930
1931
Dallas:
1927_
1928
1929
1930
1931
San Francisco:
1927
1928
1929
1930
1931
1

Gross
Total
net
earnings expenses earnings

Net ad
dition to
profits

Dividends
declared

50,213
53,361
56,643
53. 869
43, 701

38,373
39,879
40,715
39,105
30, 027

11,840
13,482
15,928
14, 764
13, 674

2,621
2,470
5,663
4, 515
6,475

9,219
11,012
10,265
10, 249
7,199

5,902
6,205
6,479
8,050
6,429

304,763
341, 361
423, 369
458, 029
333, 736

207,443
227,317
273,073
298, 915
218,241

97,320
114,044
150,296
159,114
115,495

13,090
11,428
15,177
26, 043
73,932

84,230
102,616
135,119
133,071
41, 563

47,421
54,730
72,212
84, 266
78, 767

30, 208
34,094
37,127
40, 349
41, 681

16,034
16, 599
18, 749
20, 923
17, 262

1,299
1,954
3,931
3,867
8,267

14, 735
14,645
14,818
17, 056

8,651
9,639
9,871
11,622
12, 545

101,375
106.774
114,137
115, 536
111,199

74,484
80,016
83, 771
84,270
83, 302

26, 891
26, 758
30,366
31, 266
27,897

4,982
5,652
5,219
7, 592
10,900

21,909
21,106
25,147
23, 674
16, 997

12,350
13,616
14,679
15, 512
15,216

15,727
16,623
17,424
16, 609
16, 673

11,414
11, 861
13,009
12, 734
13, C97

4,313
4,762
4,415
3,875
3,576

1,139
1,987
1,481
2,352
1,858

3,174
2,775
2,934
1,523
1,718

2,140
2,133
2,261
2,514
2,612

24,804
20, 580
21, 234
17,824
13,511

18,074
15, 313
16,092
13, 585
10, 688

6,730
5,267
5,142
4.239
2,823

3,148
2,113
2,056
6. 495
5,632

3,582
3,154
3,086
2, 256
i 2,809

2,855
2,629
2,179
2, 243

146,664
151,003
154, 689
163, 585
137,419

109,013
113,979
113,167
117,443
99, 738

37, 651
37, 024
41,522
46,142
37, 681

7,279
5,672
7,545
10,921
11,173

30, 372
31, 352
33,977
35, 221
26, 508

16, 743
17, 519
22, 352
26, 313
25,004

35,165
34, 710
35, 345
37, 047
30, 990

25,625
25, 507
25, 585
27, 346
23,167

9,540
9,203
9,760
9, 701
7,823

3,081
2,234
2,209
2,719
3,918

6,459
6,969
7,551
6,982
3,905

4,352
4,266
4,506
5,666
4,600

4,039
3,978
4,391
4,067
3,254

3,148
2,963
3,097
2,844
2,481

891
1,015
1,294
1,223
773

740
603
402
598
503

151
412
892
625
270

320
319
390
450
401

8,834
8,605
8, 282
8,117
7,445

6,586
6,481
6,309
6,217
5,666

2,248
2,124
1,973
1,900
1,779

1,241
1,141
402
397
535

1,007
983
1,571
1,503
1,244

950
954
945
1,011
976

3,317
3,480
4, 240
5, 452
4,883

2,517
2,404
2,804
3,729
3,786

800
1,076
1,436
1. 723
1,097

617
998
721
1,141
818

183
78
715
582
279

267
350
514
606
594

85, 465
58, 696
52, 558
42. 384
39,860

66, 444
46, 393
40, 741
33, 576
32, 453

19,021
12, 303
11,817
8.808
7,407

6,701
6,977
4,018
2,677
3,636

12, 320
5,326
7,799
6,131
3,771

8,952
6,489
4,978
3,162
2, 973

46,242
50, 693
55,876
61, 272
?,$, 943

Net loss.

Back figures.—SGQ Annual Report for 1927 (Table 120).




charged
off

1




BUSINESS CONDITIONS

197

BUSINESS CONDITIONS
No. 128.-—CAPITAL ISSUES
[Exclusive of refunding issues. In millions of dollars]
Domestic issues *
domestic
and
foreign

Year and quarter

YEAR
1919
1920__
1921
1922
19231924
1925
_
1926
1927
1928
1929
1930_ _
1931
QUARTER

1919—First..
Second
Third
Fourth
1920—First
Second
Third..
Fourth
1921—First..
Second

Third

.

Total 3

State
and

Corporate

municipal

Long

Total

term

Short
term

Stocks

Foreign
issues ^

3,626
3,732
3,644
4,391
4,437
5 557
6,201
6,314
7,556
8,040
10, 091
6,909
3,099

3,234
3,235
3,021
3,627
4,016
4,588
5,125
5,189
6,219
6,789
9,420
6,004
2,860

678
672
1,199
1,071
1,043
1,380
1,352
1,344
1,475
1, 379
1,418
1,434
1,235

810
1,561
1,435
1,644
1,976
2,200
2,452
2,667
3,183
2,385
2,078
2,980
1,240

498
1,039
1,274
1,540
1,833
1,924
2,231
2,418
2,962
2,175
1,873
2,460
951

312
522
161
104
143
276
221
249
221
210
205
520
289

1,436
1,002
265
570
659
829
1,153
1,087
1,474
2,961
5,924
1,503
311

392
497
623
764
421
969
1,076
1,125
1,337
1,251
671
905
239

561
1, 033
1,045

506
922
944
862

278
188
214
130

184
120
101
94

94
68
113
36

1,017
1,172
628
915

876
1,045
552
762

101
195
212
170
172
147
161
192

300
499
307
455

174
300
265
300

126
199
42
155

124
274
511
527
404
399
84
115

55
65
89
183
141
127
76
153

823
816
859
1,146
1,159
1,539
940
753
1,385
1,109
643
1,300

683
702
669
967
875
1,252
860
640
1,240
1,052
562
1,162

201
260
286
452

397
365
274
399

293
344
257
380

104
21
17
19

85
37
101
42
92
155
213
110
212
164
65
218
178
322
111
219
244
290
232
387
446
263
165
214

140
114
190
179
284
287
80
113
145
57
81
138
156
113
236
464
228
212
292
344
194
335
267
330

•

987

Fourth
393
1922—First .
285
343
50
636
357
39
597
Second
292
5
253
Third
287
Fourth.
176
323
313
10
656
41
1923—First
240
615
Second
448
374
333
74
Third
177
313
10
303
559
Fourth
541
293
18
1924—First
1,120
574
491
293
83
1,276
82
1,488
624
489
542
Second
1,601
899
343
Third
420
375
45
1 135
Fourth
1,081
582
66
255
516
1,545
1925—First..
1,357
737
1,585
318
654
83
Second
1,371
414
587
36
623
1,583
Third
1,059
323
1,351
496
459
37
Fourth
597
1,682
1,338
297
532
65
1926—First .692
96
1,821
1,627
788
355
72
672
Second
1,423
744
381
1,758
32
987
483
Third.. .
1,254
515
295
Fourth
_
1,152
49
1,482
571
620
313
1927—First.. _
1,729
871
366
834
37
460
2,062
333
Second
1,730
496
824
69
349
2,079
893
323
Third .
1,122
563
290
608
55
264
235
1,357
Fourth
856
427
1,638
323
60
419
2,057
796
1928—First. .
354
632
54
407
1,754
1,451
686
303
38
765
Second
1,799
606
588
2,343
396
544
67
380
Third
999
404
212
337
139
1,138
Fourth
__
52
1,409
2,540
690
417
638
266
2,806
2,782
1929—First
662
2,518
246
625
37
1,610
264
2,543
625
416
Second
2,349
548
77
1,308
194
3,073
413
Third
2,993
265
382
31
2,315
80
1,694
379
Fourth
491
1,561
318
61
691
133
1,115
1930—First
1,848
87
399
2,117
1,028
269
311
203
820
Second
2,252
985
437
782
2,682
430
266
109
172
454
Third
1,016
1,116
563
100
121
Fourth
420
994
888
316
195
111
106
55
532
1,089
446
477
82
1,196
1931—First
107
398
393
101
1,026
928
297
137
Second
98
242
282
591
122
565
120
26
Third _
26
11
114
68
Fourth
286
278
66
57
8
* Source: Commercial and Financial Chronicle. Series revised in 1932 (for entire period shown) on the
basis of revised monthly figures supplied by the Chronicle.
1
Compiled by Department of Commerce.
* Includes issues of Federal land banks and Federal intermediate credit banks not shown separately.


125554—32
14


199

200

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
No. 129.—SECURITY PRICES
[Index numbers of the Standard Statistics Co. Monthly data are averages of weekly figures]
Common stocks
(1926=100) 3

Total

Year and
month

88.3
80.8
81.8
92.4
91.8
93.5
95,3
97.0
98.9
98.7
95.7
98.3
95.9

110.9
103.2
103.0
114.0
114.4
115.2
118.6
121.0
127.1
130.9
127.4!
126.4
118.1

70.7
64.2
55.2
67.7
69.0
72.8
89.7
100.0
118.3
149.9
190.3
149.8
94.2

93.4
93.0
91.9
91.5
91.8
91.8
91.4

116.4
117.0
116.3
114.2
114.2
113.7
113.8
114.0
113.
113.4
113.8
113.4

71.6
74.8
75.8
73.2
69.8
67.2
64.9
65.2
65.7
64.6
66.6
68.9

1

d
o

Common stocks
(1926=100)3

Month
| : |

a
72.6
66.1
51.6
64.7
66.6
69.6
88.4
100.0
118.5
154.3
189.4
140.6
86.9

70.1
63.9
61.8
72.7
71.9
76.7
89.5
100.0
119.1
128.5
147.3
124.9
72.1

60.3
54.5
57.8
70.9
73.8
78.9
94.9
100.0
116.0
148.9
234.6
214.6
147.9

1927
January
February „ .
March
April
May
._
June
July
August
SeptemberOctober
November..
December. _

97.9
98.1
98.4
99.0
99.1
98.4
98.4
98.8
99.3
99.6
99.7
100.0

124.0
125. 0
125.
126.4
127.6
127.2
126.7
127.6
128.5
128.5i
128.8
129. 7

105.6
107.9
109.1
111.1
114.2
115.4
117.2
122.0
127.7
126.7
129.6
133.1

105.6
107.5
108.6
110.0
113.1
114.4
116.7
122.3
128.
127.5
131.3
135. 5

107.1
111. 6
112.2
115.7
118.1
119.2
120.7
123.1
125.2
124.3
124.
126.8

104.4
105.3
107.3
110.5
114.2
115. 6
114.9
118.5
124.1
124. 5
125 6
127.2

69.9 73.6
73.4 76.6
75.3 76.4
72.0 74.4
67.5 72.7
63.7 72.3
61.2 69.6
61.8 69.0
62.2 69.3
61.0 68.7
63.6 70.0
67.1 69.9

73.9
76.0
76.1
74.9
73.7
72.7
71.9
72.8
73.7
72.7
73.4
74.0

1928
January
February...
March
April
May
June
July
August
SeptemberOctober
November..
December..

100.3
100.3
100.5
100.3
99.7
98.5
97.9
97.2
97.5
97.5
97.8
97.2

131.3
131.1
132.8
135.31
134.2
131.5
129.6
128.8
129.3
128.8
129.3
128.9

134.4
132.3
137.9
UC n
152.1
145.3
144.2
148.3
156. 6
159.1
171.1
171. 4

137.4
134.8
141.1
149.5
154.9
148.2
147.8
152. 6
162.2
166. 2
178.9
178.4

125. 3
121.6
125.9
130.7
133.2
126.7
124.6
126.5
129.6
128.2
134.9
134.9

129.5
130.9
134.4
142.5
155. 3
148.1
145. 3
147.9
155.8
154.4
168.6
173.4

94.6
94.8
94.5

71.1
71.4
114.2 70.0
113.3 68.4
113.7 68.2
114.6 69.4
115.5 72.7
116.5 75.2
116.0 74.4
116.0 73.5
116.9 77.6
117.1 81.7

69.7
70.0
67.9
65.3
64.7
65.6
68.9
71.7
70.7
69.7
73.6
78.0

76.4
76.6
76.0
75.0
75.2
76.7
78.3
80.0
81.3
81.0
83.2
86.5

1929
January
February. _.
March
April
May
June..
July
August
SeptemberOctober
November..
December..

97.0
96.3
95.8
95.8
95.7
95.3
95.2
95.0
94.8
95.1
95.7
96.5

129.2
128.8
128.7
128.6
128.6
127.7
127.0
126.3
126.8
126.4
123.9
126.4

185.2
186. 5
189.1
186.6
187.8
190.7
207.3
218.1
225.2
201.7
151.1
153.8

192.
192. 3
196.0
193.4
192.6
191.0
202.7
210.3
216.1
194.4
144.
146. 9

141.8
141.6
140.4
138.3
138.7
144.8
160.0
165. 4
1G8. 1
157. 0
135.1
136.3

192.7
202.4
203.7
201. 4
212.3
233.0
272.8
304.3
321.0
276.6
194.4
200.9

1925
January
February...
March
April...
May..
June..
July....
August
September..
October
NovemberDecember..

94.5
94.8
94.8
95.3
96.0
96.2
95.8
95.3
95.3
95.2
95.1
95.6

117.
118.0
116.0
117.6
118.7
119.0
119.6
118.8
119.
119.3
120.1
119.8

85.1
85.9
83.6
82.8
85.4
86.9
89.3
90.5
92.6
95.6
98.7
100.3

82.7
83.9
80.9
80.4
83.0
85.1
88.2
89.0
91.8
96.0
99.6
100.4

88.6 87.8
88.8 88.2
86.8 88.7
84.8 89.2
86.2 93.6
86.3 95.5
87.4 97.2
89.9 97.5
91.1 98.4
91.5 100.6
94.4 101.2
98.6 101.1

126. 5
126.9
127.
128. 2
127.6
126.
125.
126.5
127.9
126.8
124.7
121.7

156.3
165.5
172.4
181.0
170.5
152.8
149.3
147.6
148.8
127.6
116. 7
109. 4

148.
136.5
155.9 142.5
163.0 143.2
170.8 141.
160.1 136.0
143.1 124.5
139.8 124.2
138.71 1 2 1 . .
139.3| 122.6
117.8 110.9
10S. 5 102.1
101.9

208.7
230. 5
241.6
263.7
250.0
223.5
215.4
212.7
216.4
187.0
167. 4
157.9

1926
January
February.-.
March
April.
May
June..
July..
August
SeptemberOctober.—
November.
December.

120.0 101.8
96.6 120.6 101.8
96.6 120.1 95.8
96.9 120.6 92.9
97.3 121.4 93.2
97.3 121.3 97.2
97.0 121.2 100.0
97.2 121.9 102.9
97.0 120.5 104.3
97.0 120.2 101.6
97. 6| 121.1 103.1
97.8 123.6 105.4

102.2
102.4
96.3
92.6
92.6
96.9
99.9
103.1
104.2
101.5
102.9
105.4

98.6
97.1
94.7
93.6
94.7
98.4
100.2
103.1
105. 9
102.7
104.2
106.4

I
112. 3 103.4 100.4
119. 8 110.3 104.7
121. 6 111. 8 97.2
87.3
109. 2 100. 3
76.8
;.o
74.0
95.1
75.3
3.2
66.2
5.5 88.5
56.1
81.7 75.8
48.
69.7 64.8
46.0
71.7 67.5
33.0
57.7 54.3

163.4
177.9
188.9
169.8
156.4
153.0
157.5
154.0
131.9
111.9
114.7
95.6

1919—.
1920
1921
1922
1923
1924
1925...
1926
1927
1928
1929
1930
1931—
1923
January
February—
March....—
April
May
June
July.
August
SeptemberOctober
November..
December..
1924
January
FebruaryMarch..
April
May....
June...
July
August
September..
..'I
October
November..
December. -

9L2
91.2
91.4
91.4
92.
92 2
92.0
92.2
92.8
93.7
94.
94.
94.5

71.2
71.8
71.4
72.0
72.7
74.3
78.3
80.3
79.3
78.1
83.6
87.5

103.2
103.8
94.9
93.3
94.3
97.7
100 2
102.0
103 1
100.9
103.1
104.0

1930
January
96.5
February... 96.4
March
97.7
April
- 97.8
98.0
May
98.2
June
98.7
July.-.
99.6
August
September.. 100. 01
99.9!
October
November- 99.1|
December.. 97.8

1931
January
99.6 123.6
February ... 99.4 124.8
100.0 126.4
March
99.6 125.3
April
99.7 122.6
May
99.4 119.
June
99.4 121.1
July
98.5 120.
August
September. 95.6 116.1
89.4 109.4
October...
89.0 108.5
NovemberDecember . 81.6 99.1

* Average price of 60 high-grade bonds adjusted for differences in coupon rate and maturity.
* 20 high-grade industrials; average price.
3
About 404
 issues: 337 industrial, 33 railroad, and 34 public utility.
Back figures—See Annual Report for 1930 (Table 123).



No. 130.—INDEXES OF PRODUCTION,

EMPLOYMENT,

AND TRADE

[Index numbers of the Federal Reserve Board.* 1923-1925=100]
Building contracts awarded (value) 2

Industrial production

Factory employment

•

Year and month

Total

Manufactures

Minerals

Total

Residential

All other

Factory
pay
rolls

Freight-car loadings
Merchandise,

Total

Department
store sales

Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Unad- Ad- Unad- Ad- Unad- Adjusted justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed
1919
1920
1921
1922
1923
1924 . _
1925
1926
1927
1928
1929
1930
1931 x

83
87
67
85
101
95
104
108
106
111
81

80

119
96
1919

January
February
March
April
May
June
July
._
August
September.
October
November
December

77

84
87
67
86
101
94
105
108
106
112

105
96
99
108
107
106
115
99
84

119
95

79
90
65
88
86
94
120
135
139
142
142
125
84

44
30
44
68
81
95
124
121
117
126
87
50
37

63
63
56
79
84
94
122
129
129
135
117
92
63

89
70

98
118
77
81
103
96
101
104
102
102
108
87
66

107
108
82
90
104
96
100
101
99
97
101
88
74

97
91
91
90
91
93
96
101
105
102
107
114

75
72
71
73
80
83
90
91
102
99
86
82

78

84
91
79
87
100
97
103
106
103
103
106
92
75

71
87
94 ._
96
99
105
105
105
104
105
97
87

W

94
87
88
98
99
103
106
107
108
111
102
91

d

Ul
II

ui

m
a
o

ii

81
78
76
77
80
84
87
89
89
89
87
81

82
79
76
78
78
83
87
89
87
86
85
86

82
80
78
80
80
84
87
90
89
88
91
83

82 i
80
78
79
78
84
89
91
88
86
89
88

74
63
61
65
75
82
88
83
94
95
63
70

79
70
66
71
74
76
81
78
85
87
63
77

21
27
40
53
69
82
88
82
81
74
74
66

30
32
39
44
55
70
78
78
78
78
88
90

9
15
25
39
52
61
63
59
60
54
49
37

11
18
24
32
42
58
63
61
59
55
51
43

30
37
52
64
83
99
108
101
99
90
94
90

45
44
51
54
66
80
90
92
94
97
117
128

105
102
102
102
103
104
107
109
111
110
112
113

108
103
102
102
103
104
107
108
109
108
111
114

84
83
78
80
81
80
85
88
91
87
83
90

60
59
65
77
73
76
59
60
76
89
101
137

8

o
Ul

72
72
69
76
80
80
83
81
86
86

1
Descriptions of these indexes have been published in the Federal Reserve Bulletin as follows: Index of industrial production, February and March, 1927 (certain revisions March,
1932); indexes of factory employment and pay rolls, November, 1929, November, 1930; index of building contracts awarded, July, 1931; index of freight-car loadings, August, 1927
(certain revisions, February, 1931); index of department-store sales, February, 1928 (certain revisions, February, 1931).
2 Based on 3-month moving averages centered at the second month.




to

o

No. 130. 1 —INDEXES OF PRODUCTION, EMPLOYMENT, AND TRADE—Continued
[Index numbers of the Federal Reserve Board. 1923-1925=100]
Building contracts awarded (value)

Industrial ]Droduction

Year and month

Manufactures

Total

Unad- Ad- Unad- Adjusted justed justed justed
1920
January _
February
March _ _
April
May
June
July
August
September .
October
November December
1921
January
February
March
April
June
July
August
--September
October
November
December
1922
January
February
March _
April
May
June

Minerals

Residential

Total

Unad- Ad- Unadjusted justed justed

Ad- Unad- Adjusted justed justed

All other

Factory employment

Unad- Ad- Unadjusted justed justed

Factory
pay
rolls

Freight-car loadin gs
Merchandise,
I.e. I.

Total

Ad- Unad- Unad- Adjusted justed justed justed

Unadjusted

Departmentstore sales

Ad- Unad- Adjusted justed justed
o

92
93
94
87
93
92
88
89
88
86
78
68

95
95
93
88
90
91
89
89
86
83
76
72

94
96
96
90
93
92
87
88
87
83
74
65

96
96
95
89
91
91
89
89
86
82
73
68

82
78
80
73
86
95
94
98
94
100
97
87

86
84
87
82
85
88
88
91
85
91
94
94

65
72
80
86
82
72
66
58
56
49
40
34

91
86
78
71
65
60
57
54
54
52
49
46

31
31
40
45
41
31
26
24
25
24
21
19

38
36
37
36
33
30
27
26
25
24
22
21

93
106
113
119
114
105
98
86
80
69
56
46

134
127
110
99
91
85
82
78
77
74
70
66

114
113
115
114
112
111
108
109
107
104
98
90

117
115
115
114
112
111
109
108
105
102
97
90

117
116
124
122
123
125
120
123
121
117
108
100

84
81
87
76
88
95
96
99
103
103
94
82

94
91
95
84
88
92
91
94
91
90
91
90

72
82
86
85
82
78

66
65
64
64
67
66
64
67
69
73
72
66

67
66
64
64
66
65
65
67
68
71
71
70

64
64
63
64
66
65
63
66
68
73
72
66

64
64
63
63
64
65
64
67
68
71
71
70

77
72
67
65
73
73
70
71
72
78
71
64

81
77
72
72
73
71
68
69
67
71
68
69

31
37
48
60
66
64
62
64
65
62
57
52

43
43
46
50
53
55
57
61
64
65
66
66

19
27
36
45
48
44
44
48
54
56
57
54

24
32
34
36
38
42
46
51
55
57
59
59

40
45
57
73
81
80
77
77
74
67
58
50

58
53
56
61
64
65
65
70
71
72
72
72

81
83
83
82
82
81
80
81
83
84
84
83

83
84
83
82
82
81
80
81
82
83
84
83

84
82
82
80
78
76
72
74
74
73
72
74

72
72
71
72
78
80
83
80
89
95
81
72

79
79
75
77
79
80
81
77
80
83
77
77

72
76
81
78
82
86

73
76
80
77
81

72
75
80
83
87
90

73
74
78
81
86
90

73
81
88
48
53
63

77
85
92
53
54
59

50
59
77
95
100
99

67
68
75
78
80
85

50
55
66
80
83
78

61
61
62
65
68
75

50
63
86
107
113
117

72
75
84
89
90
94

83
84
86
85
88
90

84
85
85
86
88
90

70
73
75
74
77
80

74
79
84
77
77
88

80
86
88
81
78
85




85

72
83
82
81
80
80

82
74
90
91
101
96
73
73
88
102
112
146

90
89
93
93
96
96
98
97
95
92
96
92

72
78
85
87
88
89
90
85
94
95
92
88

79
83
84
85
86
88
90
86
90
92
90
90

83
76
88
87
91
86
64
63
75
95
97
135

92
92
89
89
87
87
87
84
82
86
83
84

84
88
95
101
95
100

92
93
94
99
93
99

73
69
77
90
89
85

83
83
84
87
87
86

I
w
o

i

July
August...
September...
October
November...
December

84
83
89
96
99
95

85
83
88
93
97
100

88
86
89
95
99
95

90
87
89
94
97
100

1923
January
February
March
April
May
June
July
August
September
October
November
December

99
102
105
107
108
105
101
100
101
102
99
92

99
100
103
106
106
106
104
103
101
99
98
97

99
103
107
109
108
104
98
98
100
100
98
92

99
100
103
106
106
105
103
101
101
98
97
97

1924
January
February
March
April
May
June
July
August
September. __
October.
November
December

99
104
103
96
90
84
81
87
95
98
99
97

100
102
100
95
89
85
84
89
94
95
97
101

99
105
105
98
89
82
78
86
93
97
99
98

1925
January
February
March
April
May
June
July
August
September. _October
November...
December

105
107
107
104
103
100
99
101
102
107
108
103

105
104
103
102
102
102
103
103
101
104
107
109

106
109
109
106
103
100
97
99
103
108
110
106




61
67

57
62
81
90
94
100

96
89
80
72
67
63

88
86
80
76
76
79

70
63
64
68
71
72

74
69
67
69
74
76

117
110
93
76
63
56

99
100
90
81
78
81

87
90
94
96
99
100

88
90
92
95
98
100

78
82
87
89
93
96

87
88
98
100
100
88

83
84
88
89
95
96

97
93
95
92
94
88

97
94
90
90
91
91

64
66
85
102
108
152

86
88
91
93
92
93

94
97
99
107
112
115
116
106
113
108
93

101
99
103
111
108
108
111
110
97
104
106
99

64
76
89
102
102
94
83
76
80
81
82
77

83
85
85
84
84
84
78
76
81
85
91
92

68
77
87 "
97
89
80
72
68
77
83
89
89

80
82
78
77
78
77
75
81
84
90
94

61
75
91
106
112
106
91
83
82
80
76
68

86
88
89
89
89
88
79
76
80
86
91
90

101
102
105
105
105
106
105
106
106
105
103
101

102
103
104
105
105
106
106
105
104
104
103
102

94
98
103
104
107
108
103
104
105
107
105
103

90
88
94
96
102
104
105
106
111
110
104
88

99
97
101
104
102
102
102
101
99
98
99
97

86
87
93
96
99
99
98
97
102
102
102
94

94
92
92
94
97
98
98
97
97
99
99
98

79
77
93
97
100
99
73
75
94
111
117
164

91
93
95
100
98
101
98
101
100
101
100
99

99
101
100
95
88
84
83
89
93
95
97
102

100
100
93
83
93
96
95
96
103
104
100
95

103
105
99
93
93
93
93
92
97
96
97
99

76
87
102
113
111
99
92
88
93
95
93
84

95
97
98
98
95
91
88
86
92
98
99
98

86
101
110
119
107
90
82
78
85
93
97
90

101
107
102
98
96
91
87
85
88
93
95
95

67
76
96
108
113
106
101
95
99
96
91
80

91
89
94
94
94
91
88
87
96
103
103
101

100
101
101
100
96
93
91
92
94
95
95
96

101
101
101
99
96
94
92
92
93
94
95
97

98
104
104
101
97
92
85
89
92
95
94
98

91
95
94
90
95
93
94
99
111
112
104
93

99
102
100
96
94
91
93
95
99
100
99
101

91
96
101
101
101
97
96
98
104
104
103
97

99
100
100
99
99
96
97
98
99
101
100
101

86
84
88
103
98
97
71
72
96
105
117
166

99
101
99
98
97
100
96
96
101
96
100
99

105
105
104
103
102
102
103
102
103
106
109
112

101
95
90
89
105
104
107
112
97

105
100
96
100
104
101
104
107
89
90
95
93

78
90
111
127
133
131
140
140
139
128
125
119

97
103
107
111
118
123
131
137
133
131
131
136

80
90
114
131
130
124
131
137
144
140
139
125

96
99
106
112
117
126
135
145
141
138
137
134

76
90
109
124
136
137
147
142
134
118
113
113

99
106
108
110
118
120
128
130
127
125
126
138

96
98
100
99
98
98
98
100
102
102
102
102

98
98
99
99
99
99
99
99
100
101
102
102

95
101
103
100
101
99
97
99
99
105
105
106

94
95
95
96
103
102
104
110
115
113
109
97

103
102
101
103
102
100
102
106
102
102
105
107

95
101
105
106
106
104
103
105
111
109
109
101

102
104
104
104
104
104
104
105
105
106
106
106

84
85
94
105
103
98
75
76
97
122
122
176

99
103
103

80

• 102

102
102
101
101
101
111
104
104

fcO

No.

to

130.—INDEXES OF PRODUCTION, EMPLOYMENT, AND TRADE—Continued

o

[Index numbers of the Federal Reserve Board. 1923-1925=100]

Industrial production
Year and month

Manufactures

Total

Building contracts awarded (value)
Minerals

Factory employment
Total

Residential

All other

Factory
pay
rolls

Freight-car loadings
Merchandise,
1. c. 1.

Total

Departmentstore sales

Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Unad-! A d - Unad- Ad- Unad- Adjusted justed justed justed justed justed justed justed justed justed justed justed I justed justed justed justed justed justed justed justed justed

o

1926

January
February-_March
April
May
June
__
July
_...
August
September..
October
November..
December—

105
108
110
108
107
106
103
109
113
114
110
101

106
105
106
107
106
108
108
110
111
111
110
107

108
111
112
110
108
106
102
108
112
113
108
99

109
107
106
106
106
108
108
110
111
111
108
105

90
92
98
96
103
109
110
115
119
124
123
113

91
95
106
108
104
107
108
109
110
113
118
119

113
121
130
142
135
131
136
137
137
127
125
114

139
139
127
126
120
122
126
132
130
130
132
131

113
135
114 j 127
128 I 121
140
121
135
120
120
119
116
119
115
119
122 ! 120
123
122
120
118
109
117

113
126
132
143
136
140
151
155
149
130
130
119

141
149
132
130
120
125
133
142
139
137
142
142

101
102
103
102
101
101
99
101
103
103
101
100

102
102
102
101
101
101
101
101
102
102
101
101

1927
January
February. _.
March
April
May
June
July
August
September..
October
November-.
December...

106
111
113
110
112
107
102
105
106
105
101

107
108
110
108
109
107
106
106
104
102
101
102

105
110
114
112
112
106
102
104
105
104
100
95

106
107
108
108
110
108
107
106
104
102
101
102

112
113
111
96
108
108
103
111
111
112
105
97

115
117
120
106
109
106
101
106
104
103
102
102

107
114
132
144
145
140
140
131
133
126
122
111

132
131
128
128
128
128
128
126
128
128
129
131

97
105
123
133
132
117
115
108
119
120
120
111

117
117
116
115
115
114
114
113
118
119
121
125

115
121
138
153
157
158
160
149
145
131
124
111

144
142
138
139
139
140
140
136
136
135
136
136

98
100
100
100
99

100
100
100

105
111
112
110
110
108

107
108
108
108
108
108

106
113
114
113
111
109

107
110
109
109
108
109

100

103
102
105
105
106
102

111
121
138
155
159
154

137
138
137
137
137
139

116
128
143
152
149
140

139
142
136
130
130
133

108
115
134
157
168
166

135
135
137
142
143
144

1928
January
February-_.
March
April
_
May
June




95
104
104

100
99
101

101
106
107
105
104
104
99
104
105
108
105
104

94
96
99
98
106
109
110
112
121
122
113
98

105
106
105
104
102
99
102
102
103

99
102
99
105
105
104
109
116
114
101

101
103
100
101
101

92
94
97
96
105
101

97
97

97

104
103
105
105
105
107
107
107
108
108
109
108
106
107
109*
106
103
104
102
104
103
101

102
102
103
101
103
100

102
107
106
107
106
104
105
110
109
108
101

106
105
106
105
105
106
105
105
106
104
106
105

90
87
97
102
109
100
77
82
104
120
124
184

106
105
101
105
109
108
106
108
106
109
106
108

102
106
106
106
105
104
105
110
109
106

105
104
105
104
104
105
105
105
105
104
104
104

91
89
95
109
105
101
76
85
103
117
126
182

107
108
106
106
105
106
105
111
104
107
108
106

101
105
105
108
103

105
104
104
103
104
103

97
105
107
102

108
106
107
106
107
107

o
fed

fed
fed

fed
fed

July
August
September
October
November. _.
December
1929
January
February
March
April
May
June
July
August.September...
October
November
December
1930
January
February
March
April
May
June
July
August
September . . .
October
November....
December
1931
January
February
March
April
May
.June
July...
August—
September...
October
November.—.
December—

105
110
116
118
115
109

109
110
113
115
117
118

105
110
116
117
115
110

110
111
114
116
118
120

104
111
115
123
118
106

102 ! 142
105
137
107
138
111
134
114
122
111 | 107

132 j
131
134
136
132
127

127
116
118
115
112
93

126
119
118
115
114
106

155
154
154
150
130
117

137
141
147
152
146
145

96
98
100
100
99
98

97
97
98
98
99
100

98
103
104
107
104
104

105
109
119
119
109
94

102
103
105
106
107
106

104
104
109
109
107
99

105
104
105
104
105
105

80
81
113
118
125
192

110
107
112
108
108
111

117
121
124
124
126
125
120
122
123
121
108

119
119
119
121
122
125
124
121
121
118
110
103

117
122
126
128
128
127
120
122
123
119
107

120
119
120
122
123
127
125
122
121
119
110
101

114
116
101
103
116
116
118
121
127
127
114
110

116
119
109
114
117
114
116
115
118
116
110
116

98
102
121
139
143
144
136
129
112
104
94
84

120
118
121
123
121
126
124
122
110
107
103
102

81
84
106
117
113
102
94
84
73
67
66
53

97
94
101
100
97
95
93
86
73
67
67
61

111
116
133
158
168
178
170
166
144
135
116
109

139
137
137
142
141
152
149
152
140
139
132
136

97
100
101
102
102
102
102
104
105
103
99
95

100
100
101
102
102
103
103
103
102
101
99
97

101
108
111
111
111
110
106
111
112
111
103
99

95
99
98
102
109
110
111
115
121
118
102
89

108
107
105
108
107
108
107
107
106
104
102
102

97
101
106
107
107
105
105
106
110
109
106
96

104
104
105
104
104
105
106
106
106
104
104
103

90
91
107
103
109
108
79
84
117
122
125
191

110
111
112
110
109
113
109
111
114
112
108
108

103
109
106
107
105
99
91
90
92
90
84
77

106
107
104
104
102
98
93
90
90

102
110
109
110
106
98

105
107
104
104
101
97
92

90
87
82
74

86
85
82

108
104
91
94
102
103
100
101
101
105
96

110
78
108
89
98 | 102
104
113
104
125
102
116
100
107
96
85
94
82
95
75
92
68
59

95
104
102
101
105
99
95
81
81
78
76
73

46
44
54
62
61
54
48
48
52
51
46
37

56
49
52
53
52
49
47
49
52
52
48
43

104
126
141
156
178
166
155
115
108
94
86
77

128
148
144
140
148
140
135
106
105
99
99
98

93
93
93
93
91
89
86
85
86
84
81
79

96
94
93
92
91
90
87
84
83
82
81
80

94
98
98
97
94
91
83
82
83
81
75
74

89
91
90
93
97
95
95
96
99
97
86
74

100
99
96
97
96
93
92
89
87
86
84
84

94
98
101
101
101
98
94
95
99
97
94
86

101
101
100
98
98
98
95
95
95
93
92
92

88
89
93
110
105
98
71
77
103
112
113
165

107
108
107
107
105
103
100
102
99
102
98
94

82
87
89
90
89
83
80
78
77
75
72

83

81
88
91
91
90
83
79
77
76
72
70

83
86
87
87
87 |
82
82
78
75
71
71
73

58
68
77
82
78
74
68
63
59
52
43
30

71
79
77
73
65
63
61
59
59
55
49
38

37
42
50
52
47
41
36
32
32
29
26
20

44
47
47
44
40
37
35
33
32
30
27
23

75
89
98
107
104
101
94
87
81
71
57
39

93
104
100
96
85
84
82
81
80
76
67
50

76
77
78
78
77
75
74
74
75
71
69
68

78
78
78
78
78
76
75
74
73
70
69
69

68
73
75
74
72
68
64
64
62
59
56
56

74
74
75
77
79
77
78
76
78
78
70
61

82
80
80
80
79
77
76
72
69
69
68
69

83
87
89
91
92
89
87
86
88
87
85
77

90
89
89
88
89
89
88
86
85
83
83
83

79
80
92
101
97
90
65
67
87
93
95
142

97
98
97
106
97
95
91
88
84
86
83
81




84

87
83
82
78
76
73
73
74

84
82
83
84
85
85
82

79

91
87
79
77
82
81
84

206

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
No. 131."—INDEX OF PRODUCTION OF MANUFACTURES, BY GROUPS
[Monthly series adjusted for seasonal variation, 1923-1925—100]
Leath- Non- Petro- Rub- ToFood Paper
ber
Tex- prod- and Lum- Auto- er and fer- leum tires bacco
mo- prod- rous refintiles ucts print- ber biles
and proding
ing tubes ucts
ucts metals

1919.
1920.
1921.
1922.
1923.
1924.
1925.
1926.
1927.
1928.
1929.
1930.
1931.

Al
l
industries

Iron
and
steel

84
87
67
86
101
94
105
108
106
112
119
95
80

Year and
month

82
99
46
82
105
89
106
113
104
119
130
94
60

92
84
87
99
105
91
104
104
113
107
115
91
94

94
84
83
94
99
103
98
97
96
98
97
93
90

76
87
70
85
94
99
107
114
112
119
125
113
106

84
86
72
87
101
98
101
98
92
91
91
64
40

50
58
41
66
102
91
107
108
86
110
135
85
60

104
97
90
102
110
94
96
98
103
103
105
94
92

67
78
39
C9
94
99
107
112
109
115
125
97
69

54
64
64
74
86
99
115
127
136
152
168
161
155

55
77
86
98
116
116
120
144
135
100

107
110
109
109
108
109
110
111
114
116
118
120

112
112
111
119
113
113
123
120
126
128
127
127

107
109
108
101
108
106
100
105
107
110
113
114

103
108
105
96
94
93
89
90
94
99
103
105

115
116
119
119
119
117
118
119
119
117
122
124

92
92
92
93
90
91
84
88
86
90
93
94

95
97
98
100
107
116
119
126
126
129
138

103
104
105
102
102
105
106
104
103
101
99
100

100
108
108
111
111
115
113
117
117
121
126
127

135
140
141
147
149
153
155
160
162
160
159
158

128
133
133
127
132
136
147
152
161
168
162
162

120
119
120
122
123
127
125
122
121
119
110
101

126
128
130
131
139
148
149
139
136
126
108
95

116
114
117
119
119
120
117
118
116
118
108
99

104
124
101
123
95
126
101
123
95
125
96
127
96
125
99
126
99
130
97
127
97 " 124
96
121

94
86
91
94
93
94
95
93
92
89
87
85

142
143
143
143
142
153
141
131
122
123
113
65

101
101
101
103
106
108
105
107
108
110
109
102

125
124
129
136
137
126
127
123
125
123
119
113

159
161
161
165
167
170
171
176
174
178
171
167

154
149
151
149
148
146
140
122
113
115
107

105
107
104
104
101
97
92
89
89
86
85
82

107
118
109
107
104
102
91
90
83
76
71
63

103
100
99
95
88
83
84
80
" 88
90
93
90

97
94
90
95
97
92
94
91
96
96
95
89

121
122
120
120
117
115
111
109
108
107
103
101

74
78
82
78
76
70
63
59
54
50
43
45

97
102
98
102
101
91
75
62
62
49
74
85

103
100
100
103
99
96
92
93
93
88
82
82

105
102
103
105
100
96
96
95
97
95
86
85

160
166
165
171
171
166
164
162
163
157
148
148

112
105
104
110
108
106
93
99
85
90
90
93

83
86
87
87
87
82
82
78
75
71
71
73

71
74
77
71
67
61
58
50
45
45
51
42

94
92
87
95
89
83
87
88
93
92
91
97

107
109
110
109
111
107
109
105
104
100
99
99

47
44
48
47
48
47
42
38
36
33
27
27

81
89
94
103
107
99
98
102
95
81
77
82

77
79
76
73
73
68
65
65
65
64
59
62

141
146
150
159
161
159
160
161
159
158
155
149

94
92
97
96
115
108
114
94
80
76
84

1928

January
February
March
April
May
June
.-July
August
September
October
November
Decesmber
1929
January
—
February
March
April
May
June
July
—
August
September
October
November
December
1930
January
February
March
April
May
-__.._
June
July.
August
September
October.
November
December
1931
January
February
March
April
May
June
July
August
September
October
November
December

95
97
96
97
96
100
99
100

Backfiguresof monthly series.—For index of manufactures, 1919-1927 (all industries), see Table 130.
Tables showing indexes, both adjusted and unadjusted, by groups and by industries, 1923-1931, may be
obtained from the Division of Research and Statistics.



207

BUSINESS CONDITIONS
No. 132.— INDEX OF PRODUCTION OF MINERALS, BY INDUSTRIES

[Monthly series adjusted for seasonal variations. 1923-1925=100]
All industries

Year and month

1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

Bitu- Anthra- Petro- Ironore
minous cite leum, shipcoal crude ments
coal

77
89
70
74
105
96
99
108
107
106
115
99
84

109
110
112
65
115
109
76
104
99
93
91
86
73

52
61
64
75
99
97
104
105
122
122
137
122
116

103
102
105
105
106
102
102
105
107
111
114
111

94
93
97
92
95
93
95
93
95
101
101
98

81
82
91
102
110
83
77
94
92
98
111
94

121
120
120
120
119
118
119
122
123
126
127
131

116
119
109
114
117 1
114
116
115
118
116
110
116

_ _

89
109
79
78
108
93
99
110
99
96
102
89
72

105
111
90
102
105
102
103
99
103
103
98
104

95
97
86
90
86
84
84
80
101
91
88
113

137
136
133
133
134
135
143
145
140
140
132
133

110
108
98
104
104
102
100
96
94
95
92
93

101
93
82
98
93
90
87
83
86
88
87
86

94
91
80
71
85
89
99
89
78
85
82
89

133
134
126
128
128
125
121
117
114
115
114
110

77
73
76
77
75
74
74
70
70
71
67
64

82
81
84
82
75
75
70
62
65
74
66
69

110
109
112
120
122
122
123
107
103
116
123
121

91
113
36
82
114
82
104
113
98
104
126
90
45

Copper
(mined)

Zinc

Lead

Silver

81
85
30
62
93
100
107
110
105
115
127
87
66

87
39
68
96
97
107
116
111
112
114
91
54

66
77
88
102
110
116
112
106
113
97
68

84
87
103
101
96
95
93
88
94
79
49

102
104
102
104
110
110
113
116
123
129
133
133

105
107
112
113
113
117
117
120
114
11.0
111
106

104
110
109
101
101
100
98
107
115
109
111
109

91
82
93
89
87
93
82
89
82
81
88
96

129
136
135
142
139
124
122
119
125
123
118
115

102
106
110
116
121
120
124
127
120
119
106
98

116
111
111
112
121
110
114
113
117
117
113
101

92
91
90
103
97
95
96
94
93
96
106
84

101
95
88
90
90
86
83
84
89
83
83
76

104
98
96
94
94
99
91
94
93
90
70
68

92
108
103
108
100
95
100
102
98
91
80
89

87
98
86
88
82
77
76
72
76
71
67
68

72
76
70
69
68
67
59
59
60
60
64
66

65
65
65
61
54
54
49
49
49
47
45
45

80
79
76
69
75
58
62
66
65
66
58
62

64
60
60
54
53
47
47
45
42
41
38
43

1928
January
February
March
April
May

June
July
August
September
October
November
December

_ _
_

82
108
106
104
113
120

1929
January

February
March
.__
April
May
_
June
July
August
September
October
November
December

_

_.

146
128
121
121
123
107
112

1930
January
February
March__
Auril
May

._.

.

June-July
August
September,
October
November
December

_
_

1

106
108
97
96
80
74
58

1931
January
February

March
April
May._
June
_July
August... _
_
September
OctoberNovember
December

_

88
86
89
91
87
86
86
79
77
82
81
84

28
46
56
59
52
41
12

Backfiguresof monthly series.—For index of minerals (all industries), 1919-1927, see Table 130. Tables
showing indexes, both adjusted and unadjusted, by industries, 1923-1931, may be obtained from the
Division of Research and Statistics.




to

N o . 133.—INDEX OF FACTORY EMPLOYMENT, BY GROUPS

o

00

[1923-1925=100]

Year and month

1919
1920
1921
1922
1923
1924
1925
1926.
1927.
1928.
1929.
1930.
1931.

All
manufacturing industries

106.7
107. 9
82.4
90.1
104.2
96.2
99.6
101.4
98.8
97.2
101. 1
87.8
74.4

Iron
and
steel

99.7
107.0
65.4
83.9
104.4
97.2
98.4
101. 3
96.8
95.4
98.9
87.1
71.7

Machinery

117.2
128.9
77.0
82.2
107.7
93.6
98.7
107.9
100. 0
98.7
116. 1
97.4
72.5

Textiles

97.8
98.3
93.0
97.3
105.3
95.2
99.6
97.9
100. 8
95.1
96.9
84.7
77.9

Food
products

109.0
103.8
94.8
95.5
102.0
100.0
98.0
98.5
99. 1
98.6
99.7
94.7
88.5

Paper
and
printing

96.8
104.4
89.1
92.7
99.3
99.8
10J.0
103.6
103.1
101.7
104.2
101.2
93.0

Lumber and
products

93.2
88.1
74.5
95.5
100.9
98.1
101.0
100. 5
92.3
88.1
88.2
69.1
52.2

Transportation
equipment
AutoGroup mobiles
96.3
104.2
71.7
78.3
106.9
94.9
98.3
98.3
88.4
90.6
94.6
76. 1
60.4

85.2
88.2
52.9
72.0
100.6
93.5
105. 8
104.8
91.6
108. 8
114.3
81.8
66.1

Leather Cement,
and
clay,
prodand
ucts
glass

107.5
98.5
87.8
97.6
106.2
96.3
97.5
96.8
97.3
93.5
93.7
85.9
80.1

Chemicals
Nonferrous
metals

PetroGroup leum
refining

Rubber Tobacco
prodproducts
ucts

84.7
89.1
73.6
88.1
100. 8
99.0
100.2
101.9
97.5
92.3
89.6
75.6
61.7

114.6
121.3
74.5
90.1
107.1
95.1
97.9
99.5
97.4
96.6
101.1
78.1
64.6

108.3
. 1
70.8
81.0
101.5
95.9
102.6
108.8
107.9
105.3
112.3
104.5
89.0

102.9
96.5
100. 6
110.2
110.2
102.4
116.4
111.9
88.8

102.5
91.8
105.7
104.6
104.0
108.6
108.3
82.7
71.9

112.9
111.7
110.5
107.2
105.8
98.8
95.4
90.8
93.6
93.8
91.6
87.4
79.3

Without seasonal adjustment
1928—January
February...
March
April
May
June
July
August
September..
October
November,.
December. _

94.2
95.7
96.6
96.0
95.7
96.2
95.7
98.3
100.3
100.2
98.8
98.1

91.0
94.0
95.4
95.3
95.7
95.5
93.6
95.9
96.4
96.9
97.7
97.1

92.8
94. 1
95.5
95.9
97.4
98.2
97.9
99.5
101.4
102.8
103.8
105.2

99.7
100.7
100.3
97.0
93.4
91.8
87.8
89.4
92.6
95.7
96.2
97.0

96.8
97.8
97.4
95.6
96.1
97.6
97.9
97.4
100.5
102.6
101.9
102.0

103.0
102.4
101.4
100.3
100.6
100.5
100. 5
100.8
101.1
102.4
103.7
103.6

85.3
85.4
86.7
87.5
87.4
88.3
87.5
89. 5
90.4
90.6
90.5
88.2

83.0
86.1
88.2
89.7
92.4
92.4
91.6
94.2
95.4
94.4
90.2
89.9

89.7
98.3
102.6
105.2
111.3
111.3
111.2
118.1
121. 5
119.8
109.1
107.7

96.2
97.9
97.3
92.4
89.8
89.7
94.0
95.9
96. 1
94.6
89.3
88.6

85.9
86.5
89, 4
91.8
95.3
96.2
94.6
96.6
96.0
94.1
91.8
89.5

89.8
93.6
94.6
95.9
95.9
96.0
95.3
96.0
97.6
1C0.0
102.2
102.4

103.3
106.5
110.4
109.9
101. 5
101.0
100.4
101.3
106.8
107.4
107.3
107.8

101. 1
100.8
101.0
99.4
99.2
101.5
102.6
103.9
105. 8
104. 3
104.0
104.7

105.1
107.6
106.0
105.7
105.4
105. 4
110.7
111.6
113.4
113.2
109.8
109.6

88.5
92.4
93.5
91.1
92.2
93.0
88.0
94.7
96.7
99.1
98.9
95.7

1929—January
February...
March
April
May

97.4
99.8
101.4
102.1
101. 9

97. 1
98.3
99.3
99.7
100.7

106.7
110.4
113.8
116.7
119.1

95.9
98.0
101.1
99.3
97.3

98.6
98.8
97.6
96.2
97.3

102.5
103.4
103.1
102.5
102.8

85.5
85.8
86.6
88.2
89.2

94.0
99.0
100.5
101.7
101.5

118.3
129.5
131.1
131.4
130.0

91.9
94.1
92.7
90.6
90.3

84.3
84.5
86.8
90.5
93.1

102. 4
106. 1
107.9
107.7
105.3

107. 6
110.9
115.5
119.0
110.3

104.0
106.7
109.2
111.9
114.4

112.2
112.3
113.3
114.3
115.3

84.1
92.0
92.0
91.3
90.3




June
July
August
September.
October, _.
November.
December.

102.0
102.1
104.0
105.4
103.3
98.9
95.2

100.8
99.8
101.0
101.0
99.4
97.0
92.2

120.8
121. 5
119.4
119.5
118.7
115.0
112.1

96.3
91.5
94.2
98.4
99.8
97.1
94.3

99.2
99.8
99.7
102.4
104. 2
101.6
100.4

103.2
103. 6
104. 1
106.0
106.1
106.7
106.9

90. C
90.5
92.2
91.8
90.1
86.7
81.6

97.6
96.4
95.5
94.8
90.2
82.9
81.3

120.6
117.8
115.0
113. 1
101.3
83.7
79.6

89.4
94.6
98. 1
99.5
99.3
94.4
90.0

93.8
91.6
93.8
93.6
91.9
88.9
82.3

102.9
100.5
99.8
98.6
98.4
93.6
89.9

107.9
108.9
111.2
114.5
116. 1
113.8
111.8

116.4
120.0
121.9
124.0
124.6
123.7
120.9

115.0
114.2
111.5
108.3
102.7
91.2
89.2

91.4
90.5
93.0
93.7
95.0
96.1
89.2

1930—January...
February..
March
April
_
May
June
July
August
September.
October. _.
November.
December.

93.2
93.3
93.1
92.6
90.9
88.8
85.5
85.1
86.4
84.3
81.0
78.8

91.7
93.5
92.8
93.0
92.7
90.0
86.1
83.6
82.3
81.6
79.8
78.0

109.9
109.3
108.5
106.9
103.6
100.1
95.2
90.9
89.8
87.4
84.7
83.3

92.8
92.9
92.9
90.3
86.8
83.6
76.6
77.9
82.2
82.4
80.1
78.1

97.4
96.7
95.0
94.0
94.5
95.6
95.0
92.9
95.2
94.7
93.6
92.3

105.1
104.0
103.7
102.6
102.4
101.5
100.5
99.7
98.6
98.8
98.4
98.4

76.8
75.0
75.0
74.2
73.4
71.7
68.2
66.5
64.5
64.3
61.6
58.4

83.2
83.9
83.2
84.0
84.0
80.2
74.8
72.1
70.3
67.0
64.9
65.3

85.7
89.7
91.0
93.9
95.3
88.8
81.0
76.3
73.2
69.6
67.9
69.0

91.4
92.4
91.5
89.8
86.8
84.5
86.6
87.4
86.1
83.1
76.9
74.5

74.7
75.3
78.4
81.2
81.7
80.4
75.8
74.8
74.5
73.2
70.4
66.4

85.9
84.6
84.3
82.9
81.2
80.2
77.7
75.1
72.5
71.6
70.9
70.2

110.6
110.2
112.5
111.7
104.6
101.8
101.0
101.5
102.7
101.4
98.6
97.8

120.8
120.9
118. 5
116.1
114.1
114.0
113.6
112.2
108.5
104.1
99.8
99.6

89.7
87.9
87.2
88.6
88.3
88.0
82.7
81.0
77.4
75.3
72.6
73.2

84.2

1931—January...
February..
March
April
May
June
July
August
September.
October. _.
November.
December.

76.4
77.3
78. 1
77.9
77. 1
75.0
73.8
74.2
74.7
71.4
68.7
67.9

76.1
76.5
77.7
77.4
75.7
72.6
71.1
69.9
68.0
66.3
65.0
64.4

81.0
81.1
80.4
78.9
76.8
73.9
70.4
67.7
67.0
65.2
63.8
63.8

76.0
79.4
82.7
81.8
80.6
76.7
75.2
77.8
79.8
77.4
74.3
72.9

90.1
89.4
88.1
87.3
88.3
88.4
87.8
87.9
89.7
89.2
88.0
87.9

96.3
95. 1
95.0
94. 6
94.6
92.7
92.0
91.7
90.8
91.4
91.0
90.8

54.4
54.6
54.4
54.6
54.9
54.3
52.2
52. 1
51.1
50. 1
48.4
45.2

65.2
65.2
65.7
66.2
66. 1
63.5
60.2
58.7
57.7
51.5
50.6
54.4

68.3
69.8
73.4
75.1
77.3
72.6
67.2
65.4
63.9
50.5
49.9
60.2

77.5
80.3
83.2
82.4
80.8
79.7
84.6
86.7
84.2
79.2
69.6
73.2

59.4
60.7
63. 1
65.7
67.3
67.0
63.7
62.6
61.7
59.0
56.3
53.3

68.4
68.1
68.8
68.1
67.4
65.4
63.4
62.3
61.7
60.8
60.8
60.3

96.2
95.6
93.3
96.7
91.4
86.7
86.2
84.4
86.0
85.7
83.5
82.0

97.8
96.2
86.3
94.0
94.4
91.1
89.0
86.4
84.4
83.0
81.4
81.3

73.0
72.0
69.0
71.1
74.3
75.6
74.1
71.5
71.7
70.2
70.7
69.8

88.0
89.4
89.2
88.2
84.0
87.7
88.0
87.1

W
in

75.4
83.4
82.9
80.2
80.7
79.9
79.4
79.1
79.5
79.9
79.3
71.7

M

in

o
o
3

Back figures of monthly series.—See Federal Reserve Bulletin for November, 1929, and November, 1930, for data back to January, 1919.




8
SO

to

No. 133.—INDEX OF FACTORY EMPLOYMENT, BY GROUPS—Continued

Year and month

All
manufacturing industries

Iron
and

Food
MachinTextiles prodery
ucts

Transportation
equipment
Leather Cement, NonPaper Lumand
and ber and
clay,
ferrous
prodand
print- prodmetals
glass
ucts
ing
ucts
AutoGroup mobiles

o
Chemicals
Group

Petroleum

Ra bber Tobacco
prodproducts
ucts

refining

Adjusted for seasonal variation
1928—January
February. _.
March
April
May
_.
June
._
July—
August
September..
October
November..
December..

96.1
96.1
96.1
95.7
96.1
96.7
96.6
97.3
97.7
98.3
99.3

92.8
93.2
94.0
94.0
94,6
95.4
95.1
96.2
95.7
96.6
98.2
98.5

93.8
93.4
94.1
94.7
96.7
97.6
97.9
99.7
101.9
103.6
105.2
106.4

98.6
98.0
96.7
95.2
94.2
94.0
92.8
92.8
93.3
94.0
95.2
96.0

98.2
98.8
99.4
99.2
98.9
97.8
98.2
97.6
98.0
98.2
99.4
100.2

102.2
102.2
101.1
100.8
101.4
101.4
101.6
102.1
101.4
102.0
102.3
101.7

88.0
87.9
88.6
88.3
87.8
88.0
87.1
88.0
87.9
88.1
89.0
88.7

85.4
85.9
86.3
86.6
88.7
91. 1
91.7
93.2
94.5
94.4
95.4
95.6

94.4
96.9
98.1
99.0
103.0
108.9
111.7
115.4
119.2
119.8
121.2
121. 7

95.5
95.4
95.3
94.2
93.6
94.0
94.7
93.3
92.7
91.8
90.1
91.1

93.6
93.3
92.7
91.2
92.4
92.2
92.4
92.5
92.3
91.9
91.2
92.4

90.9
91.7
91.4
93.6
94.7
96.0
96.6
97.4
99.1
101.4
103.4
103.9

103.6
104.9
105.1
103.8
103.4
105.0
104.9
104.4
106.3
107. 1
107.0
108.0

103.1
102.2
102.1
99.4
99.4
100.5
100.4
102.0
103.9
104.5
105.1
106.0

105.4
106.4
105.0
104.7
104.7
105.0
110.7
110.8
111.0
113.8
114.4
112.3

93.7
93.7
93.7
93.6
89.9
95.7
93.8
93.9
93.8
93.8

1929—January
February.._
March
April
May
June
July
August
September..
October
November,.
December. _

100.3
100.9
101.7
102. 4
102.7
102.8
102.7
102.4
101.3
99.3
96.9

99.0
97.6
97.8
98.5
99.5
100.8
101.3
101.4
100.2
99.1
97.4
93.6

107.8
109.8
112.0
115.2
118.3
120.1
121.5
119.6
120.1
119.5
116.4
113.3

95.2
95.4
97.4
97.5
98.1
98.6
96.6
97.8
98.7
97.9
96.2
93.4

99.9
99.8
99.5
99.6
100.0
99.4
100.1
99.9
99.9
99.8
99.1
98.7

101.7
103.2
102.8
103.0
103.6
104.2
104.8 I

96.9
98.6
98.0
98.0
97.0
96.2
96.4
94.5
93.7
90.4
87.3
86.0

124. 6
127. 6
125.3
123.6
119.8
118.0
118.2
112.2
109.8
101.3
93.8
91.0

91.4
91.7
91.5
92.4
94.1
94. 1
94.9
95.4
95.6
96.0
95.1
92.6

91.9
90.9
90.0
89.9
90.2
89.9
89.6
89.7

105.0

88.4
88.4
88.5
89.3
89.7
89.8
90. 1
90.5
89.1
87.2
85.0
82.1

88.4
85.0

103.6
104.0
104.2
105. 1
104.0
102.9
101.9
101.2
100.1
99.9
94.8
91.1

108.0
109.5
110.4
112.0
112.2
111.8
113.4
114.4
114.0
115.8
113.4
111.9

106.0
108.1
110.3
111.9
114.6
115.3
117.4
119. 7
121.8
124.9
124.9
122.4

113.2
111.4
112.6
113.3
114.6
114 7
113.8
110.3
105.6
102.9
94.4
90.8

90.8
92.9
92.6
93.3
91.9
92.0
92.6
93.6
90.9
89.9
90.9
87.4

1930—January
February...
March
April
May
June
July.
August
September..

95.6
93.9
92.9
92.4
91.4
89.7
86.6
84.4
83.4

93.6
92.8
91.6
91.9
91.6
90.0
87.3
83.9
81.7

111.0
108.6
106. 9
105.6
102.8
99.5
95.2
90.8
90.2

92.2
90.3
89.4
88.6
87.4
85.7
81.0
81.0
82.4

98.7
97.6
96.9
97.5
97.1
95.8
95.2
93.0
92.9

104.3
103.8
103.4
103.1
103.2
102.4
101.7
101.1
99.0

77.4
76.8
75.2
73.9
71.6
67.8
65.1
62.4

85.6
83.6
81.4
81.0
80.4
78.9
74.9
71.7
69. 7

90.7
88.4
87.0
87.9
87.4
86.5
81.4
74.8
71. 1

90.9
90.2
90.4
91.5
90.4
88.9
86.8
85.1
82.7

81.2
80.7
81.1
80.7
79.3
77.1
74.3
71.4
71.7

82.9
81.6
81.0
80.2
80.3
78.7
76.1
73.6

111.1
109.0
107. 5
105.6
106.5
105.7
105.4
104.4
102.3

123.1
122.4
119.7
116.1
114.3
113.0
111.1
110.1
106.6

90.4
87.3
86.8
88.0
88.0
88.0
82.4
80.0
75.3

90.8
90.1
90.2
90.1
90.9
89.7
90.4
84.1
85.1




105.4

106.3
105.6
105.2

October. _.
November.
December.

82.2
81.1
80.1

81.3
80.2
79.1

88.0
85.7
84.2

80.7
79.4
77.4

90.9
91.4
90.8

98.4
97.0
96.7

62.1
60.4
58.8

67.2
68.6
69.4

69.6
76.4
78.9

80.2
77.4
76.6

71.4
70.0
68.6

72.6
71.8
71.2

101.1
98.3
97.9

104.3
100.8
100.8

75.4
75.2
74.7

83.5
82.0
83.5

1931—January...
February..
March
April
May
June
July
August
September.
October...
November.
December.

78.3
77.8
77.9
78.0
77.8
76.0
75.1
74.1
72.8
70.3
69.3
69.4

77.5
75.9
76.6
76.5
74.8
72.6
72.1
70.3
67.4
66.2
65.3
65.4

81.9
80.6
79.3
78.0
76.3
73.4
70.3
67.7
67.3
65.6
64.6
64.5

75.5
77.2
79.7
80.2
81.2
78.6
79.6
80.9
80.0
76.0
73.6
72.2

91.2
90.3
89.9
90.6
90.8
88.7
88.1
88.1
87.5
85.5
85.9
86.3

95.6
94.9
94.7
95.0
95.3
93.6
93.0
93.0
91.1
91.0
89.7
89.2

56.3
56.3
55.7
55.4
55.4
54.4
52.0
51.1
49.4
48.4
47.4
45.4

67.1
64.9
64.3
63.8
63.2
62.4
60.2
58.3
57.2
51.7
53.4
58.0

72.3
68.8
70.2
70.3
70.9
70.7
67.6
64.2
62.0
50.5
56.1
68.8

77.1
78.4
82.2
84.0
84.2
83.9
84.8
84.3
80.9
76.4
70.1
75.3

64.4
65.0
65.2
65.2
65.4
64.4
62.7
60.1
59.4
57.6
55.9
55.0

69.2
66.8
66.6
66.5
66.6
65.4
64.2
63.1
62.5
61.7
61.4
61.1

96.6
94.5
89.8
91.7
93.0
89.6
89.4
86.6
85.7
85.4
83.1
81.9

99.7
97.4
87.2
94.0
94.5
90.2
87.1
84.8
82.9
83.2
82.2
82.3

73.7
71.4
68.4
70.5
74.0
75.7
73.8
70.5
69.8
70.3
73.3
71.3

81.3
84.6
83.4
82.1
82.1
80.4
81.4
79.1
77.2
75.8
74.8
70.4




d
02
M

3
fed

a
o

3

to
to

No. 134.—INDEX OF FACTORY PA'S ROLLS, BY GROUPS
[Without seasonal adjustment.

All
manufacturing industries

Year and month

1919
1920
1921
1922
1923
1924
1925
1926
1927
1928
1929
1930
1931

_- .--

1928—January
February
March
April

_ _

May

June
July
.
August
September
October
November
December
1929—January
February
March ..
April
May
June
July
August __
September

-

Iron
and
steel

Machin- Textiles
ery

Food
products

Paper
and
printing

1923-1925 = 100]

Transportation
equipment

Lumber and
products

Group

Automobiles

Leather Cement, Nonand
clay,
ferrous
prodand
metals
ucts
glass

Chemicals

Group

Petroleum
refining

Rubber Tobacco
prodproducts
ucts

98.1
118.1
76.8
81.1
103.4
95.7
100.9
104.3
102.0
101.8
107.7
87.4
66.0

98.0
123.8
55.8
69.9
103.8
96.7
99.4
104.2
98.5
99.9
106.0
84.4
55.4

104.1
135.6
69.6
72.8
107.0
92.6
100.4
111.9
103.5
104.7
125.6
96.7
60.4

90.0
107.8
89.2
91.0
105.8
94.4
99.8
98.4
104.1
96.4
99.6
81.9
69.4

98.0
109.2
93.3
90.2
100.1
100.5
99.4
101.2
102.4
102.5
104.4
99.6
88.0

74.2
100.3
83.3
86.1
96.1
99.7
104.2
110. 4
110.1
109.8
114.5
110.0
95.9

89.2
109.2
68.0
82.1
100.0
98.4
101.6
102.0
95. 1
90.5
90.6
65.8
41.5

88.8
111.5
72.7
76.4
107.1
93.2
99.7
99.1
91.3
97.2
103.4
76.4
54.6

74.9
90.4
48.7
66.2
100.8
90.2
109.1
105.2
93.5
117.6
122.0
76.7
54.5

99.0
105.9
87.0
96.0
106.8
95.5
97.8
98.1
98.6
92.4
93.1
75.4
64.9

72.6
93.0
67.4
73.2
98.9
100.7
100.3
101.5
96.2
90.4
87.0
68.7
48.7

99.3
130.4
66.7
82.3
105. 3
94.8
99.9
103.0
100.3
107.1
115.2
79.6
57.3

100.1
113.7
66.9
73.7
99.8
96.3
103.9
111.0
109.7
106.0
113.4
103.9
84.5

102.1
95.2
102.7
111.4
112.2
105.7
120.2
116.4
89.1

101.5
92.7
105.8
106.2
108.5
114.8
111.0
80.6
61.4

107.2
124.6
104.6
99.2
104.2
99.4
96.3
92.1
91.1
88.4
87.7
79.4
65.4

95.7
101.1
102.5
100.3
100.8
100.9
98.3
102.5
104.2
107.4
103.6
104.2

89.9
100.3
101.6
99.7
102.1
99.6
93.8
99.8
99.1
105.1
105.1
103.3

94.5
99.0
101.9
101.8
104.2
106.1
102.5
105.3
106.0
111.3
110.3
114.0

101.0
105.0
104.0
95.3
92.0
90.9
85.8
90.2
94.9
101.0
96.7
100.3

100.3
102.0
101.3
97.5
100.2
102.8
103.1
101.5
104.3
106.0
104.9
106.3

110.6
109.7
109.8
109.0
108.9
109.0
107.3
107.5
109.2
111.5
111.7
113.7

83.2
87.2
89.5
89.6
90.5
91.3
88.3
91.5
93.4
95.8
94.4
90.8

83.4
94.1
97.9
99.4
100.9
98.5
94.8
100.4
100. 1
104.7
96.1
95.8

88.2
111.0
117.2
119.3
124.2
117.6
115.2
128.3
129.0
134.1
114.5
112.4

95.3
101.4
99.9
86.0
82.9
87.1
94.3
100.4
99.6
95.9
80.1
86.0

82.5
84.3
87.3
90.5
94.0
94.0
91.0
95.1
92.8
94.1
90.7
88.4

95.7
101.5
102.5
102.4
105.3
104.8
101.2
106.7
109.4
116.6
118.5
120.5

104.2
106.4
108.8
108.7
103.4
102.9
102.5
103.6
106.3
109.2
108.2
108.1

104.0
103.5
103.4
104.2
101.6
104.2
107.1
108.6
109.3
107.8
107.1
107.2

109.4
115.7
114.6
113.0
109.3
112.5
114.8
117.9
123.8
120.4
112.4
114.1

85.0
85.1
86.3
80.3
84.1
89.7
84.9
88.7
92.9
95.2
94.1
94.3

100.8
108.1
110.8
111.4
111.4
109.7 '
105.7
110.6 !
111.9 !

101.3
107.2
108.5
110.5
111.6
109.9
103.5
109.3
108.9

112.3
120.7
126.5
129.5
131.9
131.6
128.2
127.5
127.9

97.©
103.6
108.8
103.2
99.3
97.8
90.4
97.4
103.0

102.2
102.5
101.2
100.4
103.1
1C5.6
105. 6
105.0
108.1

111.4
113.0
114.9
113.3
114.3
113.6
111.4
112.8
116.3

83.4
86.5
88.4
90.9
92.8
92.2
93 5
94.7
96.6

93.6
111.4
113.9
117.0
116.0
107.9
97.1
108.8
103.3

114. 5
147.4
148.2
152.0
147.1
130.9
110.2
128.0
120.3

90.2
94.5
91.4
87.9
88.1
89.8
97.8
105.0
104. 3 J

79.0
81.0
84.8
89.3
91.8
92.5
86.1
91.2
91.3

117.4
124.1
127.6
127.0
123.1
117.0
112.6
113. 2
112.1

106.3
111.3
113.6
117.8
113.1
111.2
111.2
113.0
116.0

105.3
110.2
112.1
117.1
118.9
120.0
123.3
125.1
129.3

111.7
123.3
123.6
124.4
125.7
120.6
115.1
110.9
104.9

76.3
82.3
84.4
86.1
86.1
88.5
87.9
90.6
93.4




129.4
126.3
124.8
121.1
125.0
123.1
122.1
120.4
121.7
118.1
117.2
113.8
109.3
103.2
101.4

100.9
85.9
85.0

94.2
94.3

91.5
91.7
91.0
88.3
84.4
85.0
76.0
72.0
70.7
69.4
67.3
67.9

118.2
115.6
114.0
109.3
110.0
111.6
110.9
106.6
105. 3
100.8
100.7
101.3
99.9
96.1
94.7

88.9
92.1
90.0
94.5
95.4
88.3
80.8
77.6
71.8
65.9
58.7
62.6

77.0
80.0
81.0
77.1
82.1
84.4
81.9
77.2
80.0
78.0
76.8
77.7

64.1
64.4
66.3
65.4
63.4
59.1
54.5
52.9
50.2
49.9
48.8
48.6

90.4
92.9
89.8
92.0
88.4
84.1
82.9
80.4
80.8
80.8
76.4
75.0

99.3
100.8
90.8
96.7
96.1
91.1
89.6
85.6
83.0
80.8
77.9
77.8

63.8
63.8
63.2
66.8
71.0
72.4
64.0
62.2
54.6
53.7
50.1
52.0

64.3
65.3
68.3
65.7
68.3
68.6
67.5
66.3
62.7
64.6
64.5
58.9

October--.
November.
December _

110.9
102.5
99.1

107.9
100.0
93.5

129.0
121.6
119.9

104.8
98.2
93.8

108.8
105.5
105.5

117.8
117.2
118.2

96.8
89.2
'82. 7

99.8
89.4
85.6

108.0
84.3
72.9

100.0
83.9
84.1

90.6
86.4
80.2

112.5
99.6
96.1

1930—January...
February..
March
April
May
June
July
August
September.
October
November.
December.

94.4
97.7
98.2
97.1
94.4
90.7
82.6
81.7
83.0
80.8
75.1
73.7

90.5
98.1
97.1
97.7
95.5
90.8
78.6
77.5
75.4
75.8
68.9
68.7

113.8
115.2
115.1
113.4
108.3
102.7
90.9
85.8
84.2
81.4
75.1
75.0

92.2
94.1
98.6
89.3
82.7
77.8
69.2
73.2
81.2
80.3
73.4
72.2

102.5
101.6
99.7
99.7
100.7
102.3
100.2
97.6
100.8
98.4
96.5
94.9

114.9
114.9
115.0
113.5
113.3
111.9
107.3
106.9
103. 3
105.4
105.0
105.7

72.8
72'. 6
74.6
73. 8
73.2
70.9
63.0
61.6
60.9
60.4
54.7
50.4

80.9
89.8
90.6
92.0
91.1
83.8
71.7
66.3
66.0
62.8
60.8
60.8

74.0
92.7
97.3
100.8
101.7
89.2
72.4
58.1
62.4
58.4
57.4
55.5

85.4
86.2
85.2
81.6
75.6
73.8
78.6
80.0
76.2
69.7
55.0
58.1

67.3
70.2
73.4
77.1
76.9
76.1
66.4
66.4
66.4
66.4
60.9
56.3

931—January
February..
March
April
May
June
July
August
September.
October
November.
December.

68.4
73.2
74.9
73.6
72.2
67.6
64.4
64.3
61.8
59.4
56.2
55.8

62.4
67.5
70.0
69.1
64.9
57.6
52.4
50.6
45.2
43.9
41.2
41.0

69.9
71.9
72.0
69.7
67.8
62.4
57.4
54.9
51.2
50.2
48.3
48.9

68.4
76.9
81.9
76.8
71.7
66.7
65.9
70.2
71.0
66.0
59.3
58.1

93.3
91.6
89.2
88.2
89.7
89.7
88.2
86.7
87.4
85.9
83.2
82.7

101.3
100.7
101.9
100. 6
100.0
98.6
93.6
93.1
90.4
91.4
90.6
91.0

44.0
45.6
46.2
44.9
45.7
44.6
41.7
41.3
40.3
38.2
34.4
31.2

51.8
62.2
64.1
65.3
66.1
58.8
52.7
50.9
45.6
45.3
45.2
47.1

40.0
61.1
67.7
70.8
75.6
62.1
53.2
50.4
41.5
41.4
42.3
48.0

60.6
68.8
73.4
70.6
68.7
66.7
72.6
75.5
67.7
56.4
47.0
50.3

46.6
51.4
54.0
55.7
56.7
54.4
49.4
48.1
46.1
43.9
40.9
37.4

in
CD

o
o

Back figures of monthly series.—See Federal Keserve Bulletin for November, 1929, for data back to January, 1919




to
h-»>

CO

214

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

No. 135.-—INDEX NUMBERS OF WHOLESALE COMMODITY PRICES IN THE UNITED
STATES

1

[Index of the U. S. Bureau of Labor Statistics; 1926=100]
Other commodities
Year and
month

1913
_ -_..
1914
1915
1916
1917
1918
.
.
1919
1920
1921
1922
1923
1924
1925
1926 (base)
1927.....
_-.
1928
1929
1930
_..
1931

All
com- Farm
Hides Tex- Fuel Metals Build- Chemand
modi- prod- Foods
and
and
ucts
tile
ing
ties
Total leather prod- light- metal mate- icals
ing
and
prod- ucts mate- prod- rials drugs
ucts
ucts
rials
69.8
68.1
69 5
85.5
117.5
131.3
138.6
154 4
07.6
96 7
100 6
98.1
103 5
100.0
95.4
96.7
95.3
86.4
73 0

71.5
71.2
71.5
84.4
129.0
148.0
157.6
150.7
88.4
93.8
98.6
100.0
109.8
100.0
99.4
105.9
104.9
88.3
64.8

64.2
64.7
65.4
75.7
104.5
119.1
129.5
137.4
90.6
87.6
92.7
91.0
100.2
100.0
96.7
101.0
99.9
90.5
74.6

70.0
66.4
68.0
88.3
114. 2
124.6
128.8
161.3
104.9
102.4
104.3
99.7
102.6
100.0
94.0
92.9
91.6
85.2
75.0

68.1 57.3
70.9
54.6
75.5 54.1
93.4 70.4
123.8 98.7
125.7 137.2
174.1 135.3
171.3 164.8
109.2 94.5
104.6 100.2
104.2 111.3
101.5 106.7
105.3 108.3
100.0 100.0
107.7 95.6
121.4 95.5
109.1 90.4
100.0 80.3
86.1 66.3

61.3
56.6
51.8
74.3
105. 4
109.2
104.3
163.7
96.8
107.3
97.3
92.0
96. 5
100.0
88.3
84.3
83.0
78.5
67.5

90.8
80.2
86.3
116. 5
150.6
136. 5
130.9
149.4
117. 5
102.9
109.3
106.3
103.2
100. 0
96.3
97.0
100. 5
92.1
84.5

56.7
52.7
53.5
67.6
88.2
98.6
115.6
150.1
97.4
97.3
108.7
102.3
101.7
100.0
94.7
94.1
95.4
89.9
79.2

80.2
81.4
112.0
160.7
165.0
182.3
157.0
164.7
115.0
100.3
101.1
98.9
101.8
100.0
96.8
95.6
94.2
89.1
79.3

56.3
56.8
56.0
61.4
74.2
93.3
105.9
141.8
113.0
103. 5
108.9
104.9
103.1
100.0
97.5
95.1
94.3
92.7
84.9

93.1
89.9
86.9
100.6
122.1
134.4
139.1
167.5
109.2
92.8
99.7
93.6
109.0
100.0
91.0
85.4
82.6
77.7
69.8

103 2
102.0
100.6
100.3
100 5
100.4
99.5
99.1
99.7
99.4
98.4
97.9

107.4
105.1
101.7
102.8
102.4
100.9
98.6
97.2
99.3
97.9
94.7
94.9

102.6
100.6
99.3
100.5
100.1
100.5
98.7
97.5
99.8
100.7
100.4
100.6

102.5
101.7
100.8
100.0
100.1
100.1
99.4
99.6
99.6
99.4
99.1
98.0

103.3 105.8
101.5 105.0
100.2 102.7
98.7 101.3
99.0 100.2
98.8 99.5
99.0 98.9
99.6 98.9
98.8 98.8
100.9 97.7
100.3 96.4
100.3 95.4

98.8
99.2
98.3
98.0
100.7
100.9
99.6
100.5
101.3
101.1
102.2
99.4

99.9
99.7
99.5
99.2
98.7
99.3
100.3
100.7
100.9
100.8
100.7
100.4

101.3
100.9
100.5
99.8
99.2
99.1
99.4
100.0
100.0
100.0
100.5
99.9

101.5
100.7
100.6
99.8
1C0.0
100.6
1C0. 3
99.9
100.3
99.3
98.9
99.0

101.1
101.0
100.9
100.7
100.3
100.2
100.1
100.0
99.7
99.6
99.6
98.7

110.0
106.3
105.0
103.5
102.5
101.6
97.9
96.9
96.0
95.7
93.1
92.2

96.5
95.8
94.7
94 1
94.2
94.1
94.3
95.2
96.3
96 6
96.3
96.4

96.5
95.4
94.2
94.3
96.3
96.5
97.6
102.3
105.9
105.0
104.3
104.4

97.1
96.1
94.7
94.9
95.3
94.8
94.3
94. 5
96.6
100.0
101.4
100.7

94.4
94.4
94.3
94.5
94.4
94.7
94.6
96.0
98.0
97.7
96.9
96.6

98.2
96.6
91.4
86.8
85.9
86.2
86.2
86.0
86.3
86.0
85.0
84.7

97.0
96.1
96.1
95.9
96.4
96.2
95.8
96.1
95.8
95.5
95.3
96.3

98.3
97.2
96.5
96.5
96.1
95.3
94.7
94.3
93.5
93.1
91.9
91.6

98.0
98.0
97.1
97.8
95.6
96.1
95.6
95.6
96.6
97.1
97.3
97.2

97.5
97.5
97.5
97.5
97.5
97.7
97.4
97.5
97.5
97.3
97.6
97.6

91.7
91.8
91.8
91.9
91.8
91.3
90.7
91.0
90.7
89.9
89.5
90.1

1926

January
February
March
April
May
June
July
..._
August
September
October
November
December
1927
January
February.
March
April
May
June
July..
August
September
October
November
December

HouseMisfurnish- cellaing neous
goods

96.5 100.9
95.8 100.1
94.5 100.4
93.5 101.7
93.4 103.6
93.5 107.1
93.4 111.4
93.6 111.5
93.9 ! 112.5
93.5 I 112.7
93.0 113.9
93.3 116.5

1928
96.5
96.4 106.1 100.9 92.8 120.7 96.1 82.8 95.6 92.2 96.2
January
96.4
February
95.8 104.5 98.8 92.9 123.8 96.0 83.0 95.7 92.2 96.1
95.9
March
95.5 J03.5 98.2 92.6 123.7 95.5 82.7 95.9 92.0 95.8
95.5
96 6 107. 0 99.7 92.7 126.3 95.6 82.8 96.0 92.8 95.9
April
95.5
Mav
97.5 109.8 101.2 92.9 125.8 95.8 83.5 96.1 93.5 95.5
94.8
96.7 106.7 100.3 92.6 123.3 95.6 83.9 96.4 94.4 95.0
June
97.4 108. 5 102.2 92.6 123.8 95.8 84.5 96.3 94.7 94.8
94.7
July
94.8
97.6 106.9 103.8 92.9 120.6 95.5 85.8 97.5 94.9 95.0
Auuust
86.4 97.6 94.9 95.2
94.8
98.6 108.8 106. 5 93.0 120.4 94.9
September
94.1
96.7 103.4 102.1 92.9 117.2 95.0 86.1 98.0 95.2 95.7
October..
94.1
95.8 101.6 100.0 92.9 115.3 95.0 85.8 98.6 95.8 95.7
November
94.1
95.8 103.6 98.1 93.0 115.4 95.1 85.3 99.6 95.8 95.8
December
i Figures for 1926 and later years based on 784 price series instead of the 550 formerly used.
Back figures.—Available at the Bureau of Labor Statistics.




90.1
89.2
88.9
87.7
87.4
85.0
83.6
82.6
82.9
82.8
82.7
82.5

215

BUSINESS CONDITIONS

No. 135.'—INDEX NUMBERS OF WHOLESALE COMMODITY PRICES IN THE UNITED

STATES—Continued
[Index of the U. S. Bureau of Labor Statistics; 1926=100]
Other commodities
All
commodities

Year and
month

Farm
prod- Foods
ucts

Hides

Tex-

Fuel Metals
and
Build- Chem- Hous

furMisand
and
tile
ing
Total leather prod- light- metal mate- icals nish- cellaand
ing
prod- ucts mate- prod- rials drugs ing neous
goods
ucts
ucts
rials

1929
January,
February
March
April
May
June
_July
August
September
October
November
December
1930
January
February
Mar^h
April
May
June
July
August
September
October
November
December
1931
January.. _
February
March
April
Mav
June
Julv . _
August _
September
October
November
December

95.9
95.4
98.1
95. 5
94.7
95.2
96.5
96 3
96.1
95.1
93.5
93.3

-

105.9
105.4
107.2
104.9
102.2
103.3
107.6
107.5
106.6
104.0
101.1
101.9

98.9
98.1
98.3
98.0
98.0
99.1
102.9
103 5
103.3
101.4
98.9
98.7

92.3
91.9
92.1
91.8
91.5
91 9
91.7
91.4
91.6
91.6
90.8
90.5

113.4
108.9
108.2
107.8
106.7
107.9
109.1
109.5
110.6
110. 3
108.3
107. 3

92.5
92.3
92.4
91.6
90.7
90.1
89.6
89.8
89.8
89.5
88.6
87.8

84.2
82.9
82.1
81.9
82.5
84.5
83.3
82.2
82,7
83.1
83.2
83.1

100.1
100.6
102.3
102.3
101.2
101.2
101.0
100.5
100.3
99.8
98.7
98.5

95. 5
95.9
96.7
96.3
95. 5
95. 2
95.1
95.2
95.8
95. 9
94.4
94.4

95.6
95.7
95.3
94.7
94.1
93.4
93.3
93.6
93.7
94.0
93.8
93.5

93.9
93.8
93.8
94.0
94.0
94.6
94.3
94.3
94.3
94.7
94.6
94.7

82.7
82.7
82.4
81.9
82.0
82.4
82.8
82.8
83.1
83.2
82.4
82.2

92.5
91.4
90.2
90.0
88.8
86.8
84.4
84.3
84.4
83.0
81.3
79.6

101.0
98.0
94.7
95.8
93.0
88.9
83.1
84.9
85.3
82.5
79.3
75.2

97.3
95.8
94.3
94.9
92.2
90.8
86.8
87.6
89.5
88.8
86.2
82.4

89.5
89.0
88. 2
87.8
87.3
85.7
84.5
83.6
83.2
82.1
81.1
80.3

105.1
103.9
103.2
102.7
102.6
102.4
100.8
99.0
99.2
96.6
94.2
91.4

87.2
86.4
84.8
84.0
83.4
81.6
79.7
78.0
76.2
74.7
74.2
73.7

81.7
80.9
79.4
79.5
80.3
78.9
78.0
77.9
79.0
77.6
75. 3
74.0

97.2
96.9
96.6
95.3
93.5
91.9
90.8
89.6
89.0
87.9
87.8
87.9

94.3
94.0
93.9
93. 5
92.4
89.9
87^7
87.1
86.3
85.5
84.8

93.0
92.3
91.4
91.2
90.2
89.4
88.3
87.9
87.2
86.7
86.0
85.6

93.8
93.6
93.5
93.5
93.5
93.4
93.1
92.9
92.3
92.1
91.5
88.8

81.3
81.2
80.9
81.0
80.4
78.4
76.6
76.1
75. 2
74.7
74.1
73.5

78.2
76.8
76.0
74.8
73.2
72.1
72.0
72.1
71.2
70.3
70.2
68.6

73.1
70.1
70.6
70.1
67.1
65.4
64.9
63.5
60.5
58.8
58.7
55.7

80.7
78.0
77.6
76.3
73.8
73.3
74.0
74.6
73.7
73.3
71.0
69.1

79.0
78.3
77.2
75.9
75.1
74.1
73.9
74.2
73.9
72.9
73.5
72.3

88.7
86.9
87.6
87.5
87.6
88.0
89.4
88.7
85.0
82.5
81.6
79.8

71.3
70.9
70.0
68.2
67.4
66.6
66.5
65. 5
64.5
63.0
62.2
60.8

73.3
72.5
68.3
65.4
65.3
62.9
62.9
66.5
67.4
67.8
69.4
68.3

86.9
86.5
86.4
85 7
85.0
84.4
84.3
83.9
83.9
82.8
82.6
82.2

83.8
82. 5
82.5
81.5
80.0
79.3
78.1
77.6
77.0
76.1
76.2
75.7

84.5
83.3
82.9
81.3
80.5
79.4
78.9
76.9
76.3
75.6
76.1
76.1

88.3
88.1
88.0
87.9
86. 8
86.4
85.7
84.9
82.7
81.0
80.9
78. 5

72.2
71.5
72.0
71. 5
70.5
69.7
69.7
68.3
68.2
66.6
68.7
66.8

1

125554—32-




-15




APPENDIX

217

RECOMMENDATIONS OF THE FEDERAL ADVISORY
COUNCIL TO THE FEDERAL RESERVE BOARD
OFFICERS AND MEMBERS OF THE FEDERAL ADVISORY COUNCIL
FOR THE YEAR 1931

OFFICERS
President, WALTER W. SMITH
Vice President, MELVIN A. TRAYLOR
Secretary, WALTER LICHTENSTEIN
EXECUTIVE COMMITTEE
WALTER W. SMITH
GEORGE H. PRINCE
HOWARD A. LOEB

WALTER S. MCLTJCAS
MELVIN A. TRAYLOR

MEMBERS
District No. 1: HERBERT K. HALLETT, chairman Atlantic National Bank,
Boston, Mass.
District No. 2: ROBERT H. TREMAN, president The Tompkins County National
Bank, Ithaca, N. Y.
District No. 3: HOWARD A. LOEB, chairman Tradesmen's National Bank &
Trust Co., Philadelphia, Pa.
District No. 4: J. A. HOUSE, president Guardian Trust Co., Cleveland, Ohio.
District No. 5: JOHN POOLE, president Federal American National Bank,
Washington, D. C.
District No. 6: JOHN K. OTTLEY, president First National Bank, Atlanta, Ga.
District No. 7: MELVIN A. TRAYLOR, president First National Bank, Chicago,
111.
District No. 8: WALTER W. SMITH, president First National Bank, St. Louis,
Mo.
District No. 9: GEORGE H. PRINCE, chairman First National Bank, St. Paul,
Minn.
District No. 10: WALTER S. MCLUCAS, chairman Commerce Trust Co.,
Kansas City, Mo.
District No. 11: J. H. FROST, president Frost National Bank, San Antonio,
Tex.
District No. 12: HENRY M. ROBINSON, chairman Security-First National
Bank, Los Angeles, Calif.
NOTE.—The above list is correct as of December 31, 1931. In the earlier part of the year Mr. B. A.
McKinney was president of the council and representative of the eleventh Federal reserve district, but in
November, 1931, he became governor of the Federal Reserve Bank of Dallas, Tex., and therefore severed
his relations with the Federal Advisory Council. Prior to this the executive committee was composed of
Messrs. B. A- McKinney, W. W. Smith, H. A. Loeb, M. A. Traylor, G. H. Prince, and W. S. McLucas.
Another change was due to the fact that Mr. J. P. Butler, representative of the sixth Federal reserve
district, resigned during the year and his place was taken by Mr. Ottley.

RECOMMENDATIONS OF THE FEDERAL ADVISORY COUNCIL
FEBRUARY 17, 1931
TOPIC NO. 1.—Bank failures and bank examinations.

Recommendation.—The Federal Advisory Council believes that
bank failures in recent times have been largely due to a change in
economic and social conditions.
In many instances the minimum capitalization required of banks
has not been a sufficient protection to the depositors. The difficulties which banks have encountered can not be traced entirely to a



219

220

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

deficiency in our banking and examination systems. The law now
gives sufficient power and authority for an adequate examination.
Improvements in examinations undoubtedly can and should be made.
There should be imposed upon the Federal reserve banks the
requirement to keep themselves informed of the quality of the investments and loans and the policy of the management of all member
banks.
TOPIC NO. 2.—Open-market operations and rediscount rates.
Recommendation.—The Federal Advisory Council wishes to reiterate
the recommendation made at its last meeting that the situation will
be best served if the natural flow of credit is unhampered by openmarket operations or changes in the rediscount rates.
The council believes that the manner in which open-market operations have been conducted since the last meeting of the council is
satisfactory.
SEPTEMBER 15, 1931
TOPIC NO. 1.—Proposed amendments to national bank act and
Federal reserve act.
Recommendation.—The Federal Advisory Council has received the
recommendations of the Comptroller of the Currency made in his
Annual Report for 1930, suggesting certain changes in the Federal
laws relating to banking. The Federal Advisory Council is in
sympathy with the comptroller's recommendations, but suggests
certain changes. In the following the original where changed is
placed in brackets and the changes suggested by the Federal Advisory
Council are italicized:
I. Group and chain banking.—No national bank should be permitted to become
a part of a group banking system, except on the condition that all other banks in
the group are [national banks; and when a State member bank of the Federal
reserve system is a part of a group, the Federal Government should be given
visitorial powers over the entire group.] members of the Federal reserve system to
the end that the Federal Government have visitorial powers over the entire group.
More specifically:
(a) No corporation should be permitted to own [a majority] in excess of 20 per
cent of the stock of a national bank if it owns at the same time [a majority] in
excess of 20 per cent of the stock of a State bank unless said State bank is a member
of the Federal reserve system.
(b) The Comptroller of the Currency should be given visitorial power over any
corporation owning [a majority] in excess of 20 per cent of the stock of a national
bank.
(c) No national bank should be permitted to make a loan on the security of the
stock of a corporation owning [a majority] in excess of 20 per cent of the stock of
the lending bank.

II. Branch banking.—A. The McFadden Act should be amended to permit
national banks in important commercial andfinancialcenters to establish branches
in the area that is economically andfinanciallytributary to such centers without
regard to State boundaries or to State banking laws. The privilege should be
limited to banks in cities serving a territory sufficient to provide economic diversification. The [trade] area within which banks located in such cities may extend
their branches should be defined by a committee consisting of the Comptroller
of the Currency, the Secretary of the Treasury, and the Governor of the Federal
Reserve Board. Banks permitted to have branches in [a trade] an area should
have [a minimum capital of] capital adequate to their deposit liabilities, the minimum
not to be less than $1,000,000. The extension of branches should be subject to the
approval of the Comptroller of the Currency.
B. The national bank consolidation act should be amended to permit any bank
within the [trade] branch-bank area to consolidate under national charter with
the approval of the Comptroller of the Currency.




RECOMMENDATIONS OF FEDERAL ADVISORY COUNCIL

221

III. Affiliates.—A. The Comptroller of the Currency should have authority to
examine security or investment companies affiliated with national banks.
IV. Fiduciary powers.—A. The law should be amended to provide that the
exercise of fiduciary powers shall be one of the corporate powers of a national
banking association, subject to the existing limitations regarding State laws now
contained in the Federal reserve act.
V. Liquidation of national banks.—A. The Comptroller of the Currency should
be given supervision of national banks going into voluntary liquidation and the
liquidating agent should be required to give bond and render reports to the
Comptroller of the Currency in the same manner as the receiver of an insolvent
bank up to such time as all liabilities other than to stockholders have been paid in full.
VI. Circulating false reports.—A. It should be made a crime to maliciously
make or circulate any false report concerning a national bank, or a member of the
Federal reserve system, which imputes insolvency or unsound financial condition.

2.—Eligibility of securities in times of pressure.
Recommendation.—The Federal Advisory Council suggests that the
Federal Reserve Board consider the advisibility of permitting Federal
reserve banks in times of pressure to accept from member banks bills
payable on securities not now eligible, the Federal Reserve Board to
issue regulations defining the conditions under which such action
may be "taken.
TOPIC NO. 4.—Assistance to European central banks and domestic
credit situation.
Recommendation.—In response to the request of the Federal Reserve Board for an expression of opinion the Federal Advisory Council
states that it is in accord with the action of the Federal reserve banks
in lending with the approval of the Federal Reserve Board assistance
to European central banks in the recent emergency.
TOPIC NO.

The Federal Advisory Council suggests to the Federal Reserve
Board that it explore the possibility of giving all possible support to
the stabilization of the credit situation in the United States in tke
interest of American business generally, including agriculture, industry, and commerce.




222

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

AMENDMENT TO REGULATION G
The Federal Reserve Board on March 2, 1931, amended its regulation G, governing the rediscount by Federal reserve banks of notes
secured by adjusted-service certificates, so as to conform to the provisions of the act of February 27, 1931, amending the World War
adjusted compensation act. The regulation as amended is as follows:
REGULATION G, SERIES OF 1931
(Superseding regulation G of 1928)

REDISCOUNT OF NOTES SECURED BY ADJUSTED SERVICE
CERTIFICATES
SECTION I. STATUTOKY PROVISIONS

Under the terms of the World War adjusted compensation act as amended,
loans may lawfully he made to veterans upon their adjusted service certificates
only in accordance with the provisions of section 502 thereof.
Any national bank, or any bank or trust company incorporated under the laws
of any State, Territory, possession, or the District of Columbia, is authorized,
after the expiration of two years after the date of the certificate, to loan to any
veteran upon his promissory note secured by his adjusted service certificate any
amount not in excess of the loan value of the certificate, which is (a) 50 per cent
of the face value of the certificate, or (b) the loan value stated on the face of the
certificate, whichever is the greater amount. The law provides that the rate of
interest charged upon the loan by the lending bank shall not exceed by more than
2 per cent per annum the rate charged at the date of the loan for the discount of
90-dtiy commercial paper by the Federal reserve bank of the Federal reserve
district in which the lending bank is located and, as to loans made on or after
February 27, 1931, shall in no event exceed 4% per cent per annum compounded
annually.
Upon the indorsement of any bank, which shall be deemed a waiver of demand,
notice and protest by such bank as to its own indorsement exclusively, and subject to regulations to be prescribed by the Federal Reserve Board, any such note
secured by an adjusted service certificate and held by a bank is made eligible for
rediscount with the Federal reserve bank of the Federal reserve district in which
such bank is located, whether or not the bank offering the note for rediscount is
a member of the Federal reserve system and whether or not it acquired the note
in the first instance from the veteran or acquired it by transfer upon the indorsement of any other bank; provided that at the time of rediscount such note has a
maturity not in excess of nine months, exclusive of days of grace, and complies
in all other respects with the provisions of the law, the regulations of the United
States Veterans' Bureau, and the regulations of the Federal Reserve Board.
SECTION II. DEFINITIONS

Within the meaning of this regulation—
(a) The term "the a c t " shall mean the World War adjusted compensation act as amended;
(6) The term "director" shall mean the Administrator of Veterans'
Affairs, who has been vested by law with the power and duties formerly
vested in the Director of the United States Veterans' Bureau;
(c) The term "certificate" shall mean an adjusted service certificate
issued under the provisions of section 501 of the World War adjusted
compensation act as amended;
(d) The term "veteran" shall mean any person to whom an adjusted
service certificate has been issued by the director under the provisions
of the World War adjusted compensation act as amended;
(e) The term " b a n k " shall mean any national bank or any bank or
trust company incorporated under the laws of any State, Territory,
possession, or the District of Columbia;
(/) The term " n o t e " shall mean a promissory note secured by an
adjusted service certificate and evidencing a loan made by a bank on the
security of such certificate in full compliance with the provisions of the
World War adjusted compensation act as amended and the regulations of
the Administrator of Veterans' Affairs.



TO KEGTJLATION G

223

SECTION I I I . ELIGIBILITY

In order to be eligible for rediscount at a Federal reserve bank, any such note
must—
(a) Arise out of a loan made by a bank to a veteran in full compliance
with the provisions of the act and of any regulation which the director
may prescribe;
(b) Be secured by the certificate issued to the maker, which certificate
must accompany the note;
(c) Be held by the offering bank in its own right at the time it is offered
for rediscount;
(d) Be in the form approved by the director;
(e) Have a maturity at the time of rediscount not in excess of nine
months, exclusive of days of grace; provided, however, that when such
note contains, in the form approved by the director, a provision for the
extension of the maturity thereof from year to year, at the option of the
holder evidenced by his indorsement thereon, the maturity of said note
(after the first maturity stated thereon) shall, for the purpose of determining its eligibility for rediscount, be deemed to be that stated in the latest
extension indorsed thereon by the holder;
(/) Evidence a loan the amount of which does not exceed (a) 50 per
cent of the face value of the certificate or (b) the loan value stated on
the face of the certificate for the year in which such loan was made,
whichever amount is greater;
(g) Be payable with interest accruing after the date of the note at a
rate stated in the face of the note, which rate must not exceed by more
than 2 per cent per annum the rate charged at the date of the loan for
the discount of 90-day commercial paper by the Federal reserve bank of
the Federal reserve district in which the lending bank is located; provided,
however, that, if the loan was made on or after February 27, 1931, the
rate must not in any event exceed £% per cent per annum, compounded
annually;
(h) Bear the indorsement of the bank offering it for rediscount, which
indorsement shall be deemed a waiver of demand, notice, and protest by
such bank as to its own indorsement exclusively;
(i) Be accompanied by the evidence of eligibility required by this
regulation and such other evidence of eligibility as may be required by
the Federal reserve bank to which it is offered for rediscount; and
(j) Comply in all other respects with the requirements of the law and
of this regulation.
SECTION IV. EVIDENCE OF ELIGIBILITY

(a) General.—The Federal reserve bank to which a note is offered for rediscount must be satisfied either by reference to the note itself or otherwise that
the loan evidenced by the note or any sale, discount, or rediscount thereof complies in all respects with the provisions of section 502 of the act and that the
note is eligible for rediscount by a Federal reserve bank under the terms of the
law and the provisions of this regulation.
(b) Affidavit of lending bank.—Any note offered to a Federal reserve bank
for rediscount must be accompanied by the affidavit required by section 502 (h)
of the act and the regulations of the director, in form approved by the director,
made by an officer of the bank which made the loan, before a notary public or
other officer designated for the purpose by regulation of the director, stating
that—
(1) Such bank has not charged or collected, or attempted to charge
or collect, directly or indirectly, any fee or other compensation in respect
of any loan, made by such bank to any veteran under section 502 of the
act, except the interest authorized by such section;
(2) The person who obtained the loan evidenced by such note is known
to be the veteran named in the certificate securing such note;
(3) Such bank has notified the director that it has made a loan to the
veteran named in the certificate, as required by the regulations of the
director; and
(4) Such bank has notified the veteran by mail at his last known postoffice address of any sale, discount, or rediscount of such note by such
bank, as required by section 502 (b) of the act.



224

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

(c) Affidavit of other banks.—If such note is offered for rediscount by a bank
other than the bank which made the loan thereon, it must also be accompanied
by an affidavit of an officer of the offering bank and an affidavit of an officer of
each other bank which has sold, discounted, or rediscounted such note, which
affidavit shall be in form approved by the director and shall state that the bank
of which the affiant is an officer has promptly notified the veteran by mail at his
last known post-office address of the sale, discount, or rediscount of such note
by such bank, as required by section 502 (b) of the act.
SECTION V. APPLICATION FOR REDISCOUNT

Every application for the rediscount of such notes shall be made on a form
approved by the Federal reserve bank to which such note is offered and shall
contain a certificate of the offering bank to the effect that, to the best of its
knowledge and belief, such note arose out of a loan made in full compliance with
the provisions of the act and the regulations of the director and is eligible for
rediscount under the provisions of section 502 of the act and of this regulation.
SECTION VI. PROPER BANK FOR REDISCOUNT

No such note shall be rediscounted by any Federal reserve bank for any bank
not located in its own Federal reserve district, except that such notes may be
rediscounted by any Federal reserve bank for any other Federal reserve bank.
SECTION VII. RATE OF REDISCOUNT

The rate of interest charged by any Federal reserve bank on any such note
rediscounted by it shall be the same as that charged by it for the rediscount of
90-day notes drawn for a commercial purpose, except that when such notes are
rediscounted for another Federal reserve bank the rate shall be that fixed by the
Federal Reserve Board.
SECTION VIII. REDISCOUNTS FOR NONMEMBER BANKS

No Federal reserve bank shall rediscount such notes for any nonmember bank
until such bank has furnished to the Federal reserve bank such information as it
may request in order to satisfy itself as to the condition of such bank and the
advisability of making the rediscount for it.




DIRECTORY OF THE FEDERAL RESERVE BOARD
(December 31,1931)

ANDREW W. MELLON, Secretary of the Treasury, ex officio, Chairman.
JOHN W. POLE, Comptroller of the Currency, ex officio.
EUGENE MEYER, of New York, Governor. Term expires August 9, 1938.
CHARLES S. HAMLIN, of Massachusetts. Term expires August 9, 1936.
ADOLPH C. MILLER, of California. Term expires August 9, 1934.
GEORGE R. JAMES, of Tennessee. Term expires April 27, 1941.
WAYLAND W. MAGEE, of Nebraska. Term expires January 24, 1933.
FLOYD R. HARRISON, Assistant

to the

Governor.

E. A. GOLDENWEISER, Director, Division
of Research and Statistics.
CARL E. PARRY, Assistant

CHESTER MORRILL, Secretary.

E. M. MCCLELLAND, Assistant Secre-

Director,

Division of Research and St-atistics.
EDWARD L. SMEAD, Chief, Division of

J. C. NOELL, Assistant Secretary.
WALTER WYATT, General Counsel.

Bank Operations.
W. M. I ML AY, Fiscal Agent.

SALARIES OF OFFICERS AND EMPLOYEES OF THE FEDERAL
RESERVE BOARD
(December 31,1931)
Number of persons:

1 at
4 at
2 at
1 at
3 at
1 at
3 at
1 at
1 at
2 at
4at_
3 at_
2at_
3 at_
1 at.
3 at_
1 at.
5 at.
3 at.
2 at.
1 at.
lat.
1 at.
5 at.
1 at.
4 at.
6 at.
3 at.
2at_

Annual
salary

:___ $15,000
12,000
9,000
8,500
7,000
6, 700
6,000
5, 700
5,400
5, 200
5,000
4,800
4,500
4,200
4,000
3,800
3,700
3,600
3,500
3,400
3,300
3,200
3, 160
3,000
2,920
2,900
2,800
2,700
2, 600

Number of persons:

5 at
3 at
2 at
4 at
8 at
13 at
1 at
3 at
3 at
13 at
1 at
4 at
6 at
3 at
6 at
5 at
16 at
5 at
1 at
9 at
9 at
1 at
2 at
1 at
1 at
1 at
1 at

197

Annual
salary
2,500
2,400
2,300
2,200
2,100
2,000
1,920
1,900
1,860
1,800
1,740
1,700
1,680
1,620
1,600
1,560
1,500
1,440
1,400
1,380
1,320
1,250
1,200
1,100
1,000
840
720

553, 970

In addition to the above, there are 15 part-time employees paid on an hourly
basis.
225



226

ANNUAL EEPOET OP THE FEDERAL RESERVE BOARD

RECEIPTS AND DISBURSEMENTS OF THE FEDERAL
RESERVE BOARD
RECEIPTS

AND D I S B U R S E M E N T S

OP T H E F E D E R A L
YEAR

RESERVE

BOARD

FOR T H E

1931

Balance Jan. 1, 1931:
Available for general expenses of the board.
Available for expenses chargeable to Federal reserve banks

$125,261.08
166,168.14

Total

$291,429.22
RECEIPTS

Available for general expenses of the board:
Assessments on Federal reserve banks for estimated general
expenses of the board
$718,552.77
Reimbursement of expenditures during 1930
21.21
Subscriptions to Federal Reserve Bulletin
3,867.66
Miscellaneous receipts, refunds, and reimbusements
2,244.60
Reimbursement on account of bank examinations
__
6,827.40
Total receipts available for general expenses of the board
Available for expenses chargeable to Federal reserve banks:
Assessments on Federal reserve banks for—
Cost of preparing Federal reserve notes
Expenses of leased wire system
Expenses of private telephone lines
Miscellaneous expenses

731, 513. 64

_

1,247,664.18
205,970.64
27, 582.72
5,964.87

Total receipts available for expenses chargeable to Federal reserve
banks
1,487,182.41
Total receipts

2,218,696.05

Total available for disbursement

2,510,125.27
DISBURSEMENTS

For general expenses of the board:
Expenses for 1930 paid in 1931
Expenses for 1931 (per detailed statement)
Less accounts unpaid Dec. 31, 1931 (estimated)

13, 281. 86
$744,275.00
16,886.20

Amount actually paid out during the year
.___
Miscellaneous expenses reimbursable
Refunds on account of subscriptions to Federal Reserve
Bulletin
Total disbursements for general expenses of the board
For expenses chargeable to Federal reserve banks:
Cost of preparing Federal reserve notes
Expenses of leased wire system..
Expenses of private telephone lines
Miscellaneous expenses

727,388.80
37. 38
5.00
_.

740,713.04

1,328,618.08
206,231.94
25,284.16
5,766.04

Total disbursements for expenses chargeable to Federal reserve banks

1,565,900.22

Total disbursements

2,306,613.26

Balance Dec. 31, 1931:
Available for general expenses of the board, 1932, and accounts unpaid
Dec. 31, 1931._

116,061.68

Available for expenses chargeable to Federal reserve banks unpaid Dec. 31,
1931
Total balance

T -_-.-_




--------

._-.,..._

87,450.33
203,512.01

DETAILED

STATEMENT OF EXPENSES

Total

January February

March

OF THE FEDERAL RESERVE BOARD,

April

May

June

July

August

1931

September

October

November

December

PERSONAL SERVICES
Board members and their staffs.- - Office of the secretary
Office of general counsel
-_ _
Office offiscalagent
Division of examinations
Division of bank operations _.
Division of research and statistics
Division of issue and redemption... _
Messengers
Charwomen.
_
General
Total

$87, 563. 25 $6,116.64 $6,116.66
99, 214. 29 8, 818. 40 8, 779.49
3, 209. 99 3, 214. 99
38, 574.94
941. 67
941.66
11, 300. 00
87,406. 39 7,168. 86 7,174. 99
6,103. 26 6,103. 34
73, 240.00
114, 087. 01 9, 295. 72 9, 301.68
60, 844. 26 5, 084.98 5, 085.00
21, 630. 00 1, 802.48 1,802. 50
260. 00
3, 050. 00
230. 00
596,910.14

$6,116.68 $6,116.64 $6, 396.66 $6, 550. 02 $6, 383, 30 $6, 391.66 $7, 016.68 $7,641. 64 $7,641.66 $15, 075. 01
8, 729. 72 8, 650. 24 8,448.90 7, 395.92 7, 581. 33 7, 581. 41 7, 569. 51 8, 281. 20 8,628. 41
8, 749. 76
3, 215. 02 3, 214.99 3, 214. 99 3, 215. 00 3, 214. 99 3, 214.99 3, 215. 00 3, 214.99 3, 214. 99
3, 215. 00
941.67
941.67
941.67
941.67
941.66
941.66
941.66
941.67
941.67
941. 67
7,175. 04 7,174. 97 7, 262. 49 7, 350. 04 7, 349. 97 7, 349. 99 7, 350.04 7, 349. 97 7, 349. 99
7, 350. 04
6,103.26 6,103. 34 6,103.40 6,103. 26 6,103. 34 6,103. 40 6,103. 26 6,103. 34
6,103. 40
6,103.40
9, 616. 77
9, 583. 71 9, 627.88 9, 723. 35 9, 497.11 9, 468.11 9,186. 68 9, 616. 77 9, 604. 55 9, 564.68
5, 048. 22
5, 000. 67 5, 084.98 5,085. 00 5,085.00 5, 084.98 5,085.00 5,051.67 5, 080. 81 5, 067.95
1, 802. 52
1, 802. 52 1, 802. 48 1, 802. 50 1, 802. 52 1,802. 48 1, 802. 50 1, 802. 52 1, 802. 48 1, 802. 50
260. 00
270. 00
240. 00
260.00
260.00
250. 00
260. 00
250. 00
250.00
260. 00

48,801. 99 48, 750. 32 48, 928. 43 48, 977.10 49, 228. 90 48,200. 68 48,190. 08 47, 917. 24 48, 917. 26 50, 290. 56 50, 555.19

58,152. 39

NONPERSONAL SERVICES
Transportation and subsistence:
Board members and their staffs ______ l r 951.72
Office of the secretary
34.23
Office of gen'eral counsel
99.26
60, 723. 72
Division of examinations
393 02
Division of research and statistics
All other divisions, including local
1,664. 75
car fare
Communication service:
9, 888. 29
Telephone. _
_ _ _
2, 067. 21
Telegraph
773. 50
Postage. _ _
_
_
39,125. 04
Printing, binding, etc
_ _
506.75
Repairs
TTp,a,t, liVhf., RTirj power
753.64
1,449.39
Miscellaneous, unclassified_
54.00
Equipment rental
5,645.82
Supplies, stationery and office 3, 964. 35
Equipment, furniture and office
2, 280.65
Books and periodicals
15, 989. 52
Rent

102.06
5, 053. 04

4, 864. 38
41.05

688. 50
147. 36
86.00
5, 764.12
67.71
76.68
84.79
4.50
451. 72
221. 83
25.25
1, 313. 71

753. 76
150. 56
57.00
3,166. 29
41.66
76.67
117.95
4.50
955.31
907.68
71.05
1, 313. 71

246.45
704.86
162. 83
55.00
6, 580. 41
59.88
76.67
193.37
4.50
103.86
327.12
1, 593.92
1, 313. 71

37.50

137. 29
34.23
33.28
4, 258. 00
34.02

353. 91

153. 70

5, 372. 21
102. 71

3, 640.14

748. 71
147. 52
61.00
2, 839.18
41.06
31.24
60.58
4.50
62.84
31.06
22.26
1, 343. 71

772. 58
888. 03
228. 20
147. 04
69.50
57.00
1,415. 70 2, 732. 77
25.70
15.43
31.24
80.49
81.90
97.88
4.50
4.50
705. 85
146. 24
593. 24
376. 66
26.80
17.15
1, 343. 71 1, 343. 71

1,067. 42
128. 28
84.50
3, 983. 81
38.96
80.50
52.54
4.50
295. 38
264. 60
61.51
1, 343. 71

8, 259. 28

120.82

193. 50

82.46

307. 08

327.89

35 49
4,119. 38 13, 086.69
53.53
63.92

5, 493.40

4, 950.14
18.16

2, 378. 39
44.60

3, 424. 71

92.45

332. 58

266. 20

268. 03

135. 55

675.16
130. 65
60.00
2,187.17
22.69
76.68
190. 21
4.50
159.66
20.13
34.54
1, 313. 71

717. 56
168.12
80.00
2, 517. 34
16.77
76.68
99.44
4.50
125. 00
91.45
85.08
1, 328. 71

769. 55
286. 37
40.00
2, 319. 90
45.20
35.04
141. 22
4.50
1, 007. 67
272. 24
131. 49
1, 343. 71

798. 07
166. 54
63.50
2, 008. 66
25.62
31.24
141. 37
4.50
185.16
63.87
121. 22
1, 343. 71

9, 323.86 18, 940. 76 12,349.99 10, 272. 25

173. 01
30 49
4, 083. 24
35.03

37.50

30.47

218. 02
1, 304. 09
203. 74
60.00
3, 609. 69
106. 07
80.51
188.14
4.50
1, 447.13
794. 47
89.38
1, 343. 71

Total

147, 364. 86

9, 007. 86 10, 484. 88 13, 265. 01

13, 243. 29

Grand total

744 275 00 65, 379.67 61,831.25 61,487.50 58, 300. 96 68,169. 66 60, 550. 67 58, 462. 33 56,176. 52 57,925.12 60, 775. 44 63, 820. 20

71, 395.68




16, 577. 68 13, 080. 93 12, 559. 07

228

ANNUAL EEPOET OP THE FEDBRAL. RESERVE BOARD

SALARIES OF NATIONAL BANK EXAMINERS
(As of December 31, 1931)
DISTRICT NO. 1—BOSTON

Chief examiner
Examiners: 1 at $7,000; 1 at $5,400; 2 at $4,800; 1 at $4,500; 1 at
$4,200; 1 at $3,600; 1 at $2,700. Total (8 examiners)

$13, 000
37, 000

DISTRICT NO. 2 — N E W YORK

Chief examiner
Examiners: 1 at $9,500; 1 at $7,000; 3 at $6,000; 2 at $5,500; 1 at
$5,400; 2 at $5,200; 1 at $4,800; 2 at $4,500; 2 at $4,200; 3 at $3,900;
3 at $3,600; 3 at $3,300; 3 at $3,000; 1 at $2,700. Total (28
examiners)

20, 000

127, 600

DISTRICT NO. 3—PHILADELPHIA

Chief examiner
Examiners: 1 at $7,000; 1 at $6,200; 1 at $6,000; 1 at $5,000; 1 at
$4,800; 4 at $4,500; 2 at $4,200; 2 at $3,900; 1 at $3,600; 1 at
$2,700. Total (15 examiners)

15,000
69, 500

DISTRICT NO. 4—CLEVELAND

Chief examiner
Examiners: 1 at $6,500; 1 at $6,000; 2 at $4,800; 1 at $4,600; 1 at
$4,500; 2 at $4,200; 1 at $4,000; 2 at $3,900; 1 at $3,600; 2 at
$3,300; 2 at $3,000. Total (16 examiners)

13, 000
67, 600

DISTRICT NO. 5—RICHMOND

Chief examiner
Examiners: 1 at $5,000; 4 at $4,500; 1 at $4,200; 1 at $4,000; 2 at
$3,900; 3 at $3,000; 1 at $2,400. Total (13 examiners)

11, 000
50, 400

DISTRICT NO. 6—ATLANTA

Chief examiner
Examiners: 1 at $5,200; 4 at $5,000; 2 at $4,200; 1 at $3,600; 1 at
$3,300; 1 at $3,000. Total (10 examiners)

12, 000
43, 500

DISTRICT NO. 7—CHICAGO

Chief examiner
Examiners: 1 at $7,000; 1 at $6,300; 1 at $6,200; 1 at $5,700; 1 at
$4,800; 2 at $4,500; 3 at $4,200; 1 at $4,000; 4 at $3,900; 1 at $3,600;
2 at $3,300; 2 at $2,700. Total (20 examiners)

14, 000
86, 800

DISTRICT NO. 8—ST. LOUIS

Chief examiner
Examiners: 2 at $6,000; 5 at $4,500; 1 at $3,900; 1 at $3,600.
(9 examiners)

Total

11,000
42, 000

DISTRICT NO. 9—MINNEAPOLIS

Chief examiner
Examiners: 1 at $5,600; 2 at $4,500; 2 at $3,900; 1 at $3,600; 2 at
$3,300; 2 at $3,000; 2 at $2,700. Total (12 examiners)

12,000
44, 000

DISTRICT NO. 10—KANSAS CITY

Chief examiner.Examiners: 1 at $5,500; 2 at $4,800; 1 at $4,300; 1 at $4,200; 2 at
$3,900; 4 at $3,600; 1 at $3,300; 4 at $3,000. Total (16 examiners) _
DISTRICT "No.

61, 100

11—DALLAS

Chief examiner
Examiners: 2 at $6,300; 1 at $6,000; 1 at $5,000; 1 at $4,900; 2 at
$4,700; 1 at $4,200; 1 at $3,800; 3 at $3,600; 1 at $3,500. Total
(13 examiners)



14,000

15, 000
60, 200

SALARIES OF NATIONAL BANK EXAMINERS

229

DISTRICT NO. 12—SAN FRANCISCO

Chief examiner
Examiners: 2 at $6,000; 1 at $5,700; 2 at $4,800; 1 at $4,300; 2 at
$4,200; 1 at $4,000; 2 at $3,900; 6 at $3,600; 1 at $3,300; 1 at
$3,000; 3 at $2,700. Total (22 examiners)

$15, 000
87, 800

SUMMARY

Total examiners (182)
Total examining staff (202).
Total salaries

777,500
1,011,500
RECAPITULATION

Examining staff, office of Comptroller of the Currency:
Chief examiner, at $14,000
Assistant chief examiners—
At $9,500
At $8,000
At $7,500.
.
National bank examiners—
At $5,800
At $5,200
Total

1

1
1
69, 000

1
3
2
2
2
2

Total

Total
Total examining staff1
Total salaries

3
1
1

8

Chief examiners of districts—
At $20,000
At $15,000
At $14,000
At $13,000
At $12,000
At $11,000

Other examiners—
At $9,500
At $7,000
At $6,500
At $6,300
At $6,200
At $6,000
At $5,700
At $5,600
At $5,500
At $5,400
At $5,200
At $5,000
At $4,900
At $4,800
At $4,700.
At $4,600
At $4,500
At $4,300
At $4,200
At $4,000
At $3,900
At $3,800
At $3,600
At $3,500
At $3,300
At $3,000
At $2,700
At $2,400

1

12

.

_„_

165, 000

1
4
1
3
2
10
2
1
3
2
3
7
1
11
2
1
21
2
17
4
20
1
23
1
12
16
10
1
182
202

777, 500
1, 011, 500

In addition
 there are 8 national bank examiners not receiving salaries who are acting as receivers or
are unassigned.


230

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

GOVERNORS

AND DIRECTORS OF FEDERAL
BANKS*

RESERVE

DISTRICT NO. 1—FEDERAL RESERVE BANK OF BOSTON
FREDEEIC H. CURTISS, Chairman and Federal Reserve Agent. ALLEN HOLLIS, Deputy Chairman. R. A.
YOUNG, Governor

Director

Term
expires
Dec. 31

Residence

Class A:
Frederick S. Chamberlain
Alfred L. Ripley
Edward S. Kennard
Class B:
Albert C. Bowman
Philip R. Allen
Albert Farwell Bemis
Class C:
Chas. H. Merriman
Frederic H. Curtiss_.
Allen Hollis

New Britain, Conn
Boston, Mass
Rumford, Me

1931
1932
1933

Springfield, Vt
East Walpole, Mass
Boston, Mass

1931
1932
1933

Providence, R. I
Boston, Mftss
Concord, N . H

1931
1932
1933

DISTRICT NO. 2—FEDERAL RESERVE BANK OF NEW YORK
J. HERBERT CASE, Chairman and Federal Reserve Agent. OWEN D . YOUNG, Deputy Chairman. GEORGE
L. HARRISON, Governor
Class A:
Chas. E. Mitchell
Thomas W. Stephens
David C. Warner
Class B:
William H. Woodin
Theo. F. Whitmarsh
Samuel W. Reyburn
Class C:
J. Herbert Case
Owen D Young
Clarence M. Woolley

New York, N. Y
Montclair, N . J
Endicott, N. Y

-

. . .

New York, N . Y
do _
do

_ ._

...

1931
1932
1933
1931
1932
1933

. . do
do
Greenwich, Conn

_. _ _ _ .._

1931
1932
1933

BUFFALO B R A N C H
R. M. O'HARA, Managing Director
R. M. O'Hara
_Geo. G. Kleindinst
John T. Symes
_ _. _ _ _ __ _
F. B. Coolev
_ .
Lewis G Harriman
Edward G Miner
George F. Rand
_..__.__-._.

Buffalo, N . Y_ _
do _
Lockport, N . Y
Buffalo, N . Y
do
Rochester, N . Y
Buffalo, N . Y .

_

._ __
. _ ___

1931
1931
1931
1932
1932
1933
1933

DISTRICT NO. 3—FEDERAL RESERVE BANK OF PHILADELPHIA
RICHARD L. AUSTIN, Chairman and Federal Reserve Agent. ALBA B. JOHNSON, Deputy Chairman.
GEORGE W. NORRIS, Governor

Class A:
John C. Cosgrove
Joseph Wayne, jr
George W. Reily
Class B:
C. Frederick C. Stout
Arthur W. Sewall
Vacancy
Class C:
Harry L. Cannon
Richard L. Austin
Alba B. Johnson

Johnstown, Pa_._
Philadelphia, P a .
Harrisburg, P a . . .

1931
1932
1933

Philadelphia, Pa_
do

1931
1932
1933

Bridgeville, D e l Philadelphia, Pa..
do

1931
1932
1933

1
For directors elected in December, 1931, for the 3-year term beginning Jan. 1,1932, see Federal Reserve
Bulletin for January, 1932.




231

GOVERNORS AND DIRECTORS
DISTRICT NO. 4—FEDERAL RESERVE BANK OF CLEVELAND

GEORGE D E C A M P , Chairman and Federal Reserve Agent. L . B . W I L L I A M S , Deputy Chairman. E. R.
FANCHER, Governor
!
Director

Term
expires
Dec. 31

|
I
|
I

1931
1932
1933

!
j
I

1931
1932
1933

Residence

Class A:
Chess Lamberton..
Robert Wardrop...
0 . N . Sams
Class B:
R. P. Wright_
George D. Crabbs.
J. E. Galvin
Class C:
L. B. Williams
Geo. DeCamp
W. W. Knight

Franklin, Pa
Pittsburgh, Pa
Hillsboro, Ohio
Erie, Pa
Cincinnati, Ohio
Lima, Ohio
.
Cleveland, Ohio
do
Toledo, Ohio

1931
1932
1933

CINCINNATI BRANCH
C. F. MCCOMBS, Managing Director
C. F . McCombs
Fred A. Geier _
E. S. Lee
John Omwake
Thomas J. Davis _
George M. Verity
B. H. Kroger _

_
...

.

_

-

Cincinnati, Ohio _
do
..
Covington, Ky
Cincinnati, Ohio _
do
Middletown, Ohio
Cincinnati, Ohio _. _

1931
1931
1931
1932
1932
1933
1933

PITTSBURGH BRANCH
J. C. NEVIN, Managing Director
Pittsburgh, Pa_.
do
do
.....do
Greensburg, Pa__.
Wheeling, W. VaPittsburgh, P a . . . .

J. C. Nevin
James Rae
Arthur E. Braun_
A. L. Humphrey_
J. R. Eisaman
J. S. Jones
R. B. Mellon

1931
1931
1931
1932
1932
1933
1933

DISTRICT NO. 5—FEDERAL RESERVE BANK OF R I C H M O N D
W M . W. HOXTON, Chairman and Federal Reserve Agent. FREDERIC A. DELANO, Deputy Chairman.
GEORGE J. SEAT, Governor

Class A:
James C. Bras well
L. E. Johnson
Charles E. Rieman
Class B:
Edwin C. Graham
D R Coker
W. M. Addison
Class C:
Robt. Lassiter
Wm W. Hoxton
Frederic A. Delano

_

.-

_____

Rocky Mount, N. C
Alderson, W. Va__
Baltimore, Md

_

1931
1932
1933

Washington, D. C
Harts ville, S. C
Richmond, Va
__. _.. __ .

1931
1932
1933

_ _ Charlotte, N . C
Richmond, Va
Washington, D . C

1931
1932
1933

BALTIMORE BRANCH
HUGH LEACH, Managing Director
Hugh Leach
William H. Matthai.
Levi B. Phillips
Edmund P. Cohill___
L. S. Zimmerman
Norman James
Morton M. Prentis__

125554—32- -16



Baltimore, McL.
.do..
Cambridge, McL.
Hancock, Md
Baltimore, Md__.
do
do

1931
1931
1931
1932
1932
1933
1933

232

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
DISTRICT N O . 5—FEDERAL RESERVE BANK OF RICHMOND—Continued
CHARLOTTE BRANCH
W. T. Clements, Managing Director

Director

W. T. Clements
John L. Morehead .
W. B:. Wood
C. A Cannon
C. L. Cobb
John A. Law
._
Robt. Gage

Term
expires
Dec. 31

Residence

Charlotte, N . C
do
do
Concord, N . C
Rock Hill, S. C
Spartanburg, S. C
Chester, S. C

„

1931
1931
1931
1932
1932
1933
1933

DISTRICT NO. 6—FEDERAL RESERVE BANK OF ATLANTA
OSCAR NEWTON, Chairman and Federal Reserve Agent. W. H. KETTIG, Deputy Chairman.

E. R

BLACK, Governor

Class A:
E. C. Melvin
G. G. Ware
H. Lane Young._
Class B:
J, B. H i l l . .
Leon C. Simon. __
J., A. McCrary...
Class C:
W. H. Kettig—~
Oscar N e w t o n —
George S. Harris.

Selma, Ala
Leesburg, Fla
Atlanta, Ga

1931
1932
1933

Nashville, Tenn...
New Orleans, La._
Decatur, Ga

1931
1932
1933

Birmingham, Ala.
Atlanta, Ga
do...

1931
1932
1933

N E W ORLEANS BRANCH
MARCUS WALKER, Managing Director

Marcus Walker.
P. H. Saunders.
R. S. Hecht
Leon C. Simon..
F. W. Foote
Albert P. Bush.
J. D. O'Keefe...

New Orleans, La..
do
do
do
Hattiesburg, Miss..
Mobile, Ala
New Orleans, La...

1931
1931
1931
1932
1932
1933
1933

JACKSONVILLE BRANCH
HUGH FOSTER, Managing Director

Hugh Foster
John C. Cooper...
G. G Ware
Fulton Saussy
Edward W. Lane.
S. O. Chase
Arthur F. Perry. _

Jacksonville, Fla..
do..
Leesburg, Fla
Jacksonville, Fla..
do
Sanford, Fla
Jacksonville, Fla..

1931
1931
1931
1932
1932
1933
1933

BIRMINGHAM BRANCH
A. E. WALKER, Managing Director

A. E. Walker
W. H. Kettig
JohnH. Frye
Oscar Wells
W. W. Crawford..
E. F. Allison
W. E. Henley




Birmingham, Ala.
do
do
do
do
Bellamy, Ala
Birmingham, Ala.

1931
1931
1931
1932
1932
1933
1933

233

GOVERNORS AND DIRECTORS
DISTRICT NO. 6—FEDERAL RESERVE BANK OF ATLANTA—Continued
NASHVILLE BRANCH
JOEL B. FORT, Jr., Managing Director

Director

Joel B. Fort, jr
J. B. Hill.--.—
Frank J. Harle
Paul M. Davis..
C. W. Bailey
W. P. Ridley
C. A. Craig

-

—

..

Term
expires
Dec. 31.

Residence

-

- Nashville, Tenn.
do_.
Cleveland, Tenn..
Nashville, Tenn...
Clarksville, Tenn.
— Columbia, T e n n . .
Nashville, Tenn...

1931
1931
1931
1932
1932
1933
1933

DISTRICT NO. 7—FEDERAL RESERVE BANK OF CHICAGO
EUGENE M. STEVENS, Chairman and Federal Reserve Agent. JAMES SIMPSON, Deputy Chairman.
JAMES B. MCDOUGAL, Governor

Class A:
Edward R. Estberg:_
George J. Schaller
George M. Reynolds.
Class B:
Stanford T. C r a p o . . .
Robert M. Feustel.-.
MaxW. Babb
Class C:
Frank C. Ball
James Simpson.
_
Eugene M. Stevens..

Waukesha, Wis
Storm Lake, Iowa..
Chicago, 111

1931
1932
1933

Detroit, Mich
Fort Wayne, Ind...
Milwaukee, W i s . . .

1931
1932
1933

Muncie, Ind
Chicago, 111
do

1931
1932
1933

D E T R O I T BRANCH
WILLIAM R. CATION, Managing Director
William R. Cation
James Inglis
William J. Gray
N. P. Hull...
John Ballantyne
David McMorran
George B. Morley

-

Detroit, Mich..
do
do
Lansing, M i c h . . .
Detroit, Mich
Bay City, Mich..
Saginaw, Mich...

1931
1931
1931
1932
1932
1933
1933

DISTRICT NO. 8—FEDERAL RESERVE BANK OF ST. LOUIS
JOHN S. WOOD, Chairman and Federal Reserve Agent. JOHN W. BOEHNE, Deputy Chairman.
McC. MARTIN, Governor
Class A:
John C. Martin
John G. Lonsdale
Max B. Nahm
Class B:
W. B. Plunkett
M. P. Sturdivant
James W. Harris
Class C:
PaulDillard
John W. Boehne
John S. Wood

._.

. .

-

- _ .

Salem, 111
St. Louis, Mo
Bowling Green, Ky
Little Rock, Ark
Glendora, Miss
St. Louis, Mo
Memphis, Tenn..
Evansville, Ind
St. Louis, Mo

WILLIAM

1931
1932
1933
_

1931
1932
1933
1931
1932
1933

LOUISVILLE BRANCH
JOHN T. MOORE, Managing Director
John T. Moore
William W. Crawford..
John T. Reynolds
W. R. Cole.
Eugene E. Hoge
E. H. Woods
Walter F, Huthsteiner..




Louisville, Ky..
.do.
Greenville, Ky..
Louisville, Ky_.
Frankfort, Ky_.
Lucas, Ky
Tell City, I n d . .

1931
1931
1931
1932
1932
1933
1933

234

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
DISTRICT NO. 8—FEDERAL RESERVE BANK OF ST. LOUIS—Continued
MEMPHIS BRANCH
W. H. GLASGOW, Managing Director
Residence

Director
W. H. Glasgow
S. E. Ragland
John W. Alderson
William Orgill
John M. Tarrant
E. L. Anderson
R. Brinkley Snowden

I Memphis, Tenn...
j
do
Forrest City, Ark_
I Memphis, Tenn._.
I Dyersburg, Tenn_.
Clarksdale, Miss__
! Memphis, Tenn.__

Term
expires
Dec. 31
1931
1931
1931
1932
1932
1933
1933

LITTLE ROCK BRANCH
A. F. BAILEY, Managing Director
Little Rock, Ark.
.do.
Pine Bluff, Ark__.
Little Rock, Ark.
Texarkana, Ark__
El Dorado, Ark__
Little Rock, Ark.

A. F. Bailey
Moorhead Wright
JoNichol
Gordon H. Campbell_
Stuart Wilson
C. H. Murphy
W. A. Hicks

1931
1931
1931
1932
1932
1933
1933

DISTRICT NO. 9—FEDERAL RESERVE BANK OF MINNEAPOLIS
JOHN R. MITCHELL, Chairman and Federal Reserve Agent. HOMER P . CLARK, Deputy Chairman.
W. B. GEERY, Governor
Class A:
P J Leeman
B" R Kibbee
B . C. Hansen
Class B:
W 0 . Washburn
J E O'Connell
John S. Owen
Class C:
George W McCormick
John R. Mitchell
B'omer P Clark

Minneapolis, Minn
Mitchell, S. Dak
_ _ Churchs Ferry, N . Dak

__
_._ -

- -

- -

_ ._

. St. Paul, Minn
Helena, Mont
Eau Claire, Wis.
Menominee, Mich
Minneapolis, Minn
St. Paul, Minn

1931
1932
1933
1931
1932
1933
1931
1932
1933

HELENA BRANCH
R. E. TOWLE, Managing Director
R. E. Towle
Henry Sieben
Thomas A. Marlow.
W. R. Strain
S. McKennan
__

Helena, Mont
do
do
„__.
Great Falls, MontHelena, Mont

1931
1931
1931
1932
1932

DISTRICT NO. 10—FEDERAL RESERVE BANK OF KANSAS CITY
M. L. MCCLUBE, Chairman and Federal Reserve Agent. WILLIAM L. PETRIKIN, Deputy Chairman.
W. J. BAILEY, Governor

Class A:
Frank W. Sponable..
E. E. Mullaney
C. C. Parks
Class B:
J. M. Bernardin
L. E. Phillips
Willard D. Hosford_.
Class C:
William L. Petrikin.
M. L. McClure
Edward P. Brown._.



Paola, Kans
Hill City, Kans...
Denver, Colo
Kansas City, Mo.
Bartlesville, Okla_
Omaha, Nebr

1931
1932
1933

Denver, Colo_
Kansas City, Mo.
Davey, Nebr

1931
1932
1933

1931
1932
1933

235

GOVERNORS AND DIRECTORS
DISTRICT NO. 10—FEDERAL RESERVE BANK OF KANSAS CITY—Continue
OMAHA BRANCH
L. H. EARHART, Managing Director

Term

expires
Dec. 31

Residence

Director

Omaha, Nebr_
.do.
Cheyenne, Wyo.
Lincoln, Nebr...
Omaha, Nebr...
Seward, Nebr
Nebraska City, Neb]r

L. H. Earhart
William Diesing
A. H. Marble
W. E. Hardy
Thomas L. Davis
Daniel M. Hildebrand..
R. 0. Marnell

1931
1931
1931
1932
1932
1933
1933

DENVER BRANCH
JOSEPH E. OLSON, Managing Director

Joseph E. Olson
Murdo MacKenzie
H. W. Farr
Roblin H. Davis
Henry Swan
Merritt W. Gano
Harold Kountze

Denver, Colo_
!
do
| Greeley, Colo_
| Denver, Colo_
j
do
!
do
!
do

1931
1931
1931
1932
1932
1933
1933

OKLAHOMA CITY BRANCH
C. E . DANIEL, Managing Director
C E Daniel
Walter F . Nichols
Ned Holman _
__ _ _
Austin Miller
H. H . Ogden
J. B. Doolin
.__
William Mee

__._

_ _

Oklahoma City, Okla
Tulsa, Okla
Oklahoma City, Okla
do
Muskogee, Okla
Alva, Okla
__
Oklahoma City, Okla

.

1931
1931
1931
1932
1932
1933
1933

DISTRICT N O . 11—FEDERAL RESERVE BANK OF DALLAS
C. C. WALSH, Chairman and Federal Reserve Agent.

S. B. PERKINS, Deputy Chairman.

B. A.

MCKINNEY, Governor

Class A:
W. H. Patrick
J. P . Williams
R. E. Harding
Class B:
A. S. Cleveland ._ __ ___ _
J. J. Culbertson
J . R . Milam
Class C:
C. C. Walsh
E. R. Brown
-__._..
S B Perkins

.

Clarendon, Tex
Mineral Wells, Tex
Fort Worth, Tex

1931
1932
1933

. . Houston, Tex

1931
1932
1933

Paris, Tex

Waco, Tex
Dallas, Tex __ _
_
_ _ do
do

_

. . .

1931
1932
1933

EL PASO BRANCH
J. L. HERMANN, Managing Director

J. L. Hermann
C. M. Newman. .
E. M. Hurd
A. P. Coles.
Arthur F. Jones
S P. Applewhite
George D. Flory

_ .
_




El Paso, Tex.._
do
.. _ do . ,
. . . . do
Portales, N. Mex
Douglas, Ariz
El Paso, Tex

1931
1931
1931
1932
1932
1933
1933

236

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
DISTRICT NO. 11—FEDERAL RESERVE BANK OP DALLAS—Continued
HOUSTON B R A N C H
W. D . GENTRY, Managing Director

Director

W. D . Gentry
R. M . Farrar
John A. Wilkins
J. Cooke Wilson
N. E . Meador
E. A. Peden
A. A. Borne

.

. .

_

Term
expires
Dec. 31

Residence

_
. . .
_

Houston, Tex
do
do
Beaumont, Tex
Houston, Tex
do
Galveston, Tex

_

1931
1931
1931
1932
1932
1933
1933

SAN ANTONIO B R A N C H
M . CRUMP, Managing Director
M . Crump
Reagan Houston
Walter P . Napier
Frank G. Crow
Franz C. Groos
J. M . Bennett
George C. Hollis

_

.
,
._.
_._

San Antonio, Tex
do
do
McAllen, Tex
San Antonio, Tex
do
Eagle Pass, T e x . .

_

_...

_

1931
1931
1931
1932
1932
1933
1933

DISTRICT NO. 12—FEDERAL RESERVE BANK OF SAN FRANCISCO
ISAAC B . NEWTON, Chairman and Federal Reserve Agent. WALTON N . MOORE, Deputy Chairman.
JOHN U. CALKINS, Governor

Class A:
C, K. Mclntosh
T. H . Ramsay
Keith Powell
Class B:
Elmer H . Cox
A. B . C. Dohrmann...
Malcolm McNaghton.
Class C:
William Sproule
Isaac B. Newton
Walton N . Moore

San Francisco, Calif.
do
Woodburn, Oreg

1931
1932
1933

Madera, Calif
San Francisco, Calif.
Los Angeles, Calif...

1931
1932
1933

San Francisco, Calif.

1931
1932
1933

do
do

_

LOS ANGELES BRANCH
W. N. AMBROSE, Managing Director
W. N. Ambrose
Charles B. Voorhis.
F. J. Belcher, jr....
Jesse B. Alexander.
A. J. Cruickshank.

Los Angeles, Calif.
Pasadena, Calif
San Diego, Calif...
Los Angeles, CalifSanta Ana, Calif...

1931
1931
1931
1932
1932

PORTLAND BRANCH
R. B. WEST, Managing Director
R. B. West
Nathan Strauss...
J. C. Ainsworth...
Edward C. PeaseJohn F. Daly




Portland, Oreg-.
do
do
The Dalles, Oreg.
Portland, Oreg

1931
1931
1931
1932
1932

237

GOVERNORS AND DIRECTORS
DISTRICT NO. 12—FEDERAL RESERVE BANK OF SAN FRANCISCO—Continued
SALT LAKE CITY BRANCH
W. L. PARTNER, Managing Director

Director

Term
expires
Dec. 31

Residence

Salt Lake City, Utah,
do.
Ogden, Utah...
Salt Lake City, Utah.
do

W. L. Partner
Lafayette Hanchett.
H. E. Hemingway. .
G. G. Wright
_
E. 0. Howard

1931
1931
1931
1932
1932

SEATTLE B R A N C H
C. R. SHAW, Managing Director
C R Shaw
Charles H. Clarke
M. A. Arnold
.
Henry A. Rhodes
M F Backus

.

.

_..

.

Seattle, Wash
do
_ . . . . . do
__ Tacoma, Wash
Seattle, Wash

_
.

1931
1931
1931
1932
1932

SPOKANE B R A N C H
D. L. DAVIS, Managing Director
D. L. Davis
G. I. Toevs
D. W. T w o h y . . .
Peter McGregor.
R. M. Hardy




Spokane, Wash.
do
do.
Hooper, Wash..
Yakima, Wash.

1931
1931
1931
1932
1932

238

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

SALARIES OF OFFICERS AND EMPLOYEES OF FEDERAL
RESERVE BANKS
ALL FEDERAL RESERVE BANKS AND BRANCHES COMBINED
Number
Dec. 31,
1931

Officers:
Chairman and Federal reserve agent.
Governor
Other officers
Employees by departments:
Banking department
Federal reserve agent's department. _
Auditing department
Fiscal agency department

Total-

12
12
246.1
!, 366. 7
286.4
190.5
226.3
9,340

Annual salaries

Dec. 31,
1930

12
12
247

Dec. 31,
1931

D e c . 31,
1930

$289, 000
360, 000
2, 064, 590

$278, 000
355, 000
2, 070, 840

1 623. 5 12, 947, 313
,
293.4
695, 692
192. 5
436, 055
228.6
447,175

13,112, 875
691, 833
439, 400
453,942

',609

17, 401, 890

17, 239, 825

FEDERAL RESERVE BANK OF BOSTON
Officers:
Chairman and Federal reserve agent
Governor
Other officers
Employees by departments:
Banking department
Federal reserve agent's department...
Auditing department
Fiscal agency department

1
l
9

Total

$20, 000
30, 000
78, 750

29
10
17

861, 410
70, 450
24,760
38, 320

896, 940
71, 560
24, 760
38, 260

714

609
28
10
17

$20, 000
30, 000
83, 950

1,128, 890

1,160, 270

FEDERAL RESERVE BANK OF NEW YORK (INCLUDING BUFFALO BRANCH)
Officers:
Chairman and Federal reserve agent
Governor
Other officers
Employees by departments:
Banking department
Federal reserve agent's department..
Auditing department
Fiscal agency department
Total
FEDERAL RESERVE BANK OF PHILADELPHIA
Officers:
Chairman and Federal reserve agent
Governor
Other officers
Employees by departments:
Banking department
Federal reserve agent's departmentAuditing department
Fiscal agency department
Total




1
1
9
613
36
25
12
697

$20, 000
30, 000
85, 000

$20, 000
30, 000
85, 000

610
37
25
13

885, 590
84, 876
55, 690
21, 696

878,110
80, 836
55, 330
23, 496

1,182, 852 I

1,172,772

239

FEDERAL, RESERVE BANK SALARIES
FEDERAL RESERVE BANK OF CLEVELAND (INCLUDING CINCINNATI AND
PITTSBURGH BRANCHES)

Annual salaries

Number
Dec. 31,
1931

Officers:
Chairman and Federal reserve agent
Governor _ _ _
__
Other officers
Employees by departments:
Banking department
._ - . . _ .
_
Federal reserve agent's department._ ... _.
Auditing department
__
_
__.
Fiscal agency department
Total

Dec. 31,
1930

1
1
19

1
1
19

801.5
24
20.5
20
887

D e c . 31,
1931

D e c . 31,
1930

$20, 000
30, 000
174,100

$20, 000
30, 000
172, 300

805.5
24
20.5
20

1, 295, 385
57, G96
59, 420
40, 620

1, 288, 444
54, 912
59, 300
40, 982

891

1, 677, 221

1, 665, 938

FEDERAL RESERVE BANK OF RICHMOND (INCLUDING BALTIMORE AND CHARLOTTE
BRANCHES)
Officers:
Chairman and Federal reserve agent.
Governor
Other officers
Employees by departments:
B anking department
Federal reserve agent's department__
Auditing department
Fiscal agency department

1
1
17

1
1
17

506
9
6
12

512
9

$20, 000
25, 000
141, 300

700,
26,
14,
16,

552
810
820
830

702,802
26,810
14, 820
16, 770

941, 412

Total _

$20, 000
25, 000
137, 400

947, 502

FEDERAL R E S E R V E BANK OF ATLANTA (INCLUDING B I R M I N G H A M , JACKSONVILLE,
NASHVILLE, AND N E W ORLEANS B R A N C H E S AND HAVANA AND SAVANNAH AGENCIES)

Officers:
Chairman and Federal reserve agent
Governor
Other officers
Employees by departments:
Banking department
Federal reserve agent's department..
Auditing department
Fiscal agency department
Total

1
1
31

1
1
31

$20, 000
25, 000
184, 740

$20, 000
25, 000
184, 940

341.9
6.9
10
9.2

364.4
6.9
10

461, 822
16, 680
21, 610
14, 900

479,475
15, 675
21,610
15, 290

401

423

744,752

761, 990

FEDERAL RESERVE BANK OF CHICAGO (INCLUDING DETROIT BRANCH)
Officers:
Chairman and Federal reserve agent
Governor
Other officers
Employees by departments:
B anking department
Federal reserve agent's department..
Auditing department
Fiscal agency department
Total

1
1
30

1
1
30

$35, 000
35, 000
258, 550

$24, 000
35, 000
257, 000

,153
35
22
42

1,202
36
21
43

1, 801, 822
75, 710
49, 720
86, 320

1, 857, 582
74, 230
48, 020
86, 640

1,284

1,334

2, 342,122

2, 382, 472

FEDERAL RESERVE BANK OF ST. LOUIS (INCLUDING LITTLE ROCK, LOUISVILLE AND
MEMPHIS BRANCHES)
Officers:
Chairman and Federal reserve agent
Governor
Other officers
Employees by departments:
Banking department
Federal reserve agent's department-.
Auditing department
Fiscal agency department
Total




$20, 000
25, 000
133,400

$20, 000
25, 000
137, 600

596, 856
29, 760
21, 040
35, 740

585, 296
37,860
20, 500
34, 840

861, 796

861, 096

240

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
FEDERAL RESERVE BANK OF MINNEAPOLIS (INCLUDING HELENA BRANCH)

Number
Dec. 31,
1931

Officers:
Chairman and Federal reserve agent
Governor
Other officers._
_.
Employees by departments:
Banking department...
Federal reserve agent's department..
Auditing department
Fiscal agency department.

Annual salaries

Dec. 31,
1930

Dec. 31,
1931

Dec. 31,
1930

1
1
12

$20,000
25,000
74,100

$20.000
25,000
79,100

235.5
10.5
11
12.9

230.5
11.5
11
12

369,658
27,330
25, 200
28, 620

361,078
27,830
25,200
23,800

283

Total

1
1
11.1

279

562, 008

FEDERAL RESERVE BANK OF KANSAS CITY (INCLUDING DENVER, OKLAHOMA CITY,
AND OMAHA BRANCHES)

Officers:
Chairman and Federal reserve agent
Governor
Other officers
Employees by departments:
Banking department
Federal reserve agent's department..
Auditing department
Fiscal agency department

1
1
20

$20, 000
25, 000
148, 000

$20, 000
25,000
148,000

497.8
11
16
23.2

523.1
11
17
25.9

753,221
24,040
35,000
42,699

777, 744
23,500
37,080
48,994

570

Total

1
1
20

599

1,047,960

1,080, 318

FEDERAL RESERVE BANK OF DALLAS (INCLUDING EL PASO, HOUSTON, AND SAN
ANTONIO BRANCHES)
Officers:
Chairman and Federal reserve agent
Governor
Other officers
Employees by departments:
Banking department
Federal reserve agent's department..
Auditing department—
Fiscal agency department

1
1
19

$20, 000
30,000
130,400

$20, 000
25,000
130,900

329
16
13
14

349
17
13
14

529,130
42,360
30,060
29,860

550,800
46,080
31,260
31, 060

393

Total

1
1
19

414

811,810

835,100

FEDERAL RESERVE BANK OF SAN FRANCISCO (INCLUDING LOS ANGELES, PORTLAND,
SALT LAKE CITY, SEATTLE, AND SPOKANE BRANCHES)

Officers:
Chairman and Federal reserve agent
Governor-_
Other officers
Employees by departments:
Banking department...
Federal reserve agent's department..
Auditing department._.
Fiscal agency department
Total.

-




1
1
28

1
1
28

$24,000
30,000
197,800

$24,000
30,000
196,800

681
22
6
12

27
7
13

1,107,240
53,880
13,020
23,400

1,107,540
62,160
16,020
27, 540

751

768

1,449,340

1,464,060

STATE BANK AND TRUST COMPANY MEMBERS
The following is a list of 878 State bank and trust company active
members of the Federal reserve system on December 31, 1931, with
their loans, investments, deposits, capital, and surplus:
[In thousands of dollarsj
Investments

Total
deposits

Capital

19,848
1,417
7,141

1,432
157
2,574

23,927
1,352
6,875

1,600
200
1,000

2,400
100
2,500

1,578
1,194

1,408
826

3,084
1,918

100
100

100
100

2,097
10,664
12,174
4,602
41,846
14,933
12,141
6,428
3,852
4,974
5,008
1,601
5,466
10,315
2,682
4,141
3,486
5,801
1,067
20,973

4,713
5,662
9,875
9,004
5,601
12,378
6,207
3,462
670
957
2,167
644
1,456
8,517
3,114
1,367
2,091
1,523
1,130
15,507

4,751
11,842
26,089
5,571
58,466
16,890
17,272
7,945
4,462
5,052
7,101
2,121
6,612
15, 521
5,314
4,874
5,313
6,323
2,162
28,902

2,500
1,500
1,000
5,000
3,000
1,400
1,000
1,200
200
400
300
200
200
1,080
300
300
250
400
100
3,800

275
1,000
2,000
5,000
3,500
2,000
1,050
800
200
200
300
100
300
1,080
300
300
350
400
100
3,800

841

362

1,129

75

25

1,710
76,248
51,601
15,990

1,199
53,131
48,825
7,913

2,751
124,618
91,948
23,971

200
4,000
5,000
1,000

80
7,500
10,000
1,000

5,272
7,728
896
2,155
730
1,231
601
1,907
2,277
389
875
15,787
3,548
5,188

2,002
4,687
203
789
525
373
333
1,063
2,282
197
206
7,049
1,102
1,082

9,066
12,892
977
2,868
1,248
1,571
870
2,546
4,109
476
996
19,684
4,960
5,532

400
1,250
100
200
100
100
100
200
200
100
200
1,500
500
500

600
600
50
100
75
100
25
200
250
50
41
1,800
250
275

Loans

Surplus

DISTRICT NO. 1
CONNECTICUT

Hartford—Phoenix State Bank & Trust Co..
South Manchester—Manchester Trust Co...
Waterbury—Colonial Trust Co
Ellsworth—Union Trust Co.
Sanford—Sanford Trust C O MASSACHUSETTS

Boston—Day Trust Co
Exchange Trust Co
New England Trust Co
Old Colony Trust Co
State Street Trust Co.__
United States Trust Co.__
Cambridge—Harvard Trust Co___
.
Fall River—B. M. C. Durfee Trust Co
Gloucester—Gloucester Safe Deposit & Trust Co
Greenfield—Franklin County Trust Co__
Lawrence—Merchants Trust Co
._.
Lynn—Sagamore Trust Co._
Security Trust Co.__
Newton—Newton Trust Co
Norwood—Norwood Trust Co
Quincy—Quincy Trust Co
Salem—Naumkeag Trust Co
_
Waltham—Waltham Trust Co
:
Winchester—Winchester Trust Co
_..
Worcester—Worcester Bank & Trust Co
NEW HAMPSHIRE

Conway—Carroll County Trust Co_.
EHODE ISLAND

Providence—Columbus Exchange Trust Co
Industrial Trust Co
Rhode Island Hospital Trust Co.
Union Trust Co
DISTRICT NO. 2
NEW JERSEY

(See also District No. 3)
Bayonne—Bayonne Trust Co
Bloomfield—Bloomfield Bank & Trust Co
Community Trust Co
Watsessing Bank
Bogota—Bank of Bogota
Boonton—Boonton Trust Co
Carteret—Carteret Bank & Trust Co
Cranford—Cranford Trust Co
Dover—Dover Trust Co
Dunellen—Peoples Trust Co__
East Orange—East Orange Trust Co.__
Savings Investment & Trust Co.
Elizabeth—Central Home Trust Co
Elizabethport Banking Co




241

242

ANNUAL REPORT OF T H E FEDERAL RESERVE BOARD
[In thousands of dollars]
Total
deposits

ipital

Surplus

DISTRICT NO. 2—Continued
NEW JERSEY—continued

Fort Lee—Fort Lee Trust Co
Franklin—Sussex County Trust Co
Glen Ridge—Glen Ridge Trust Co
Hackensack—Peoples Trust & Guaranty Co
State Bank & Trust Co
Hasbrouck Heights—Bank of Hasbrouck Heights...
Hoboken—Jefferson Trust Co
Jersey City—Commercial Trust Co. of New Jersey._
New Jersey Title Guarantee & Trust Co.
Linden—Linden Trust Co
.
Montclair—Bank of Montclair
Montclair Trust Co
Morristown—Morristown Trust Co
Newark—Clinton Trust Co
Columbus Trust Co
Federal Trust Co
Fidelity Union Trust Co
Franklin-Washington Trust Co
Merchants & Newark Trust Co
United States Trust Co
Nutley—Bank of Nutley
Orange—Trust Company of Orange
Passaic—Peoples Bank & Trust Co
Paterson—Hamilton Trust Co
Perth Amboy—Perth Amboy Trust Co
Raritan Trust Co
Plainfield—Guaranty Trust Co
Mid-City Trust Co
Plainfield Trust Co
State Trust Co
Rahway—Railway Trust Co
*
Ridgefield Park—Ridgefield Park-Overpeck Trust Co.
Rochelle Park—Rochelle Park Bank
Rutherford—Rutherford Trust Co
South Orange—South Orange Trust Co
Westfield—Peoples Bank & Trust Co
Westfield Trust Co
West Orange—West Orange Trust Co
Westwood—Westwood Trust Co

789
229
1,050
1,142
1,266
1,192
11,101
3,788
123
297
572
248
5,503
919
34,085
21, 017
29, 523
8,589
2,299
478
3,575
2, 268
8,417
3,890
4,013
5,205
5, 362
2,386
731
381
26, 242
9,988
59,066
80, 924
7,899
1,632
13, 628
7,654
2,103
954
1,638
1,117
1, 246
662
13, 376
6,502
5,477
4,829
4,340
2,172
1,013
214
651
314
699
452
11,245
5,539
3,125
565
615
715
2,167
940
83
214
2,410
1,729
971
429
3, 353
924
3,356
1,075
786 i
336
796 |
405

1,041
2,308
2,646
10, 966
381
841
4,281
56, 542
26, 909
2, 655
5,274
10,876
9,804
6,870
1,563
40, 507
150, 765
9,694
18,160
2,254
2, 962
948
18, 595
9,881
6, 350
1,258
1, 073
920
17, 241
3,725
1, 063
3, 203
249
3, 070
1,357
4, 247
4,346
797
1,038

100
150
200
1,000
100
75
800
3,400
2,035
200
500
1,350
1,000
700
400
4,056
6,667
1,200
2,500
600
200
700
1,000
750
300
200
250
200
650
150
2C0
100
50
250
225
200
300
125
200

50
100
50
550
40
75
400
6,600
2,000
50
300
750
300
1,000
200
3,000
7,000
500
2,500
820
75
250
500
750
300
100
50
55
1,000
150
100
200
30
550
113
300
200
152
125

1,334
33, 330
4,336
479
2,145
433
8,077
246
116,775
58, 309
100, 429
193, 087
359
2, 561
476
974
2,039
2,963
9, 825
3,C44
1,370
1,131
2,189
1,727
4,168
2, 033
2,236
766
2,572
7,267
15, 865
4,604
1,296
8,133
1,709
4,819

150
1,000
200
50
100
50
750
30
8, 200
5, 500
6,000
10, 000
50
100
50
150
250
150
800
100
100
75
100
200
250
350
100
50
100
400
833
200
100
250
100
350

75
1,000
600
30
100
100
500
11
10, 000
7,500
15, 000
10,000
25
100
25
100
125
150
1,700
100
100
65
50
50
150
250
100
50
250
400
833
200
50
700
80
350

NEW YORK

Adams—Citizens Trust Co
Albany—First Trust Co
Amsterdam—Montgomery County Trust Co
Avoca—Bank of Avoca
Batavia—Genesee Trust Co
Belmont—State Bank of Belmont
Binghamton—Marine-Midland Trust Co
Blasdell—Bank of Blasdell
Brooklyn—Brooklyn Trust Co
Buffalo—Liberty Bank
M. & T. Trust Co
Marine Trust Co
Canisteo—First State Bank
Chatham—State Bank of Chatham
Cohocton—Cohocton State Bank
Depew—Bank of Depew
Dunkirk—Dunkirk Trust Co
East Aurora—Bank of East Aurora
Elmira—Chemung Canal Trust Co
Endicott—Endicott Trust Co
Union Trust Co
Farmingdale—Bank of Farmingdale
Floral Park—Floral Park Bank
Fredonia— Citizens Trust Co...
Geneva—Greneva Trust Co
Gloversville—Trust Company of Fulton County
Hamburg—Peoples Bank of Hamburg
Hammondsport—Bank of Hammondsport
Hicksville—Bank of Hicksville
Ithaca—Ithaca Trust Co
Jamestown—Bank of Jamestown
Johnson City—Workers Trust Co
Katonah—1\ orthern Westchester Bank
Kingston—Kingston Trust Co
Lackawanna—American Bank
Little Falls—Herkimer County Trust Co



1,205
17, 969
3,815
223
1,626
401
6,739
242
70, 268
48, 735
72, 903
141, 399
353
1,026
225
783
1,088
2,264
7,044
2,372
571
607
1,765
1,197
2,877
2,093
1,484
468
1,672
4,792
11,472
2,572
532
5,072
877
2,245

313
9,922
1,885
328
774
99
2,774
11
42,417
20, 052
37, 280
56, 684
80
1,798
253
564
1,441
640
4,855
1,017
705
441
686
649
1,342
565
1,002
318
961
2,839
4,479
2,343
811
4,878
871
3,153

243

STATE BANK MEMBERSHIP
[In thousands of dollars}
Total
deposits

Capital

• 2,445
2,987
1,039
4,592

200
300
50
300

100
100
100
200

100
200
650
25, 000
22, 250
6,000
1,500
21, 000
21,000
500
4,000
15, 000
500
2,000
90,000
200
3,000
50, 000
27,500
10, 000
900
400
12, 500
700
660
2,000
4,000
600
100
200
62
100
100
100
200

25
70
20
60, 000
40,000
8,000
225
60,000
40,000
500
6,000
20,000
2,000
2,000
170, 000
100
750
55,000
5,500
6,000
600
100
25, 000
350
360
24, 000
1,200
300
20
120
31
50
50
60
100

Surplus

DISTRICT NO. 2—Continued
NEW YORK—continued

Lowville—-Lewis County Trust Co
Malone—Peoples Trust Co
Mayville—State Bank of Mayville
Mineola—Nassau County Trust Co
Mount Kisco—Trust Company of Northern Westchester
Mount Vernon—Fleetwood Bank
New York—Amalgamated Bank
Bankers Trust Co
Bank of Manhattan Trust Co
Bank of New York & Trust Co
Bank of Yorktown
Central Hanover Bank & Trust Co
Chemical Bank & Trust Co
Clinton Trust Co
Continental Bank & Trust Co
Corn Exchange Bank Trust Co
Fifth Avenue Bank
Fulton Trust Co
Guaranty Trust Co
Harbor State Bank
Hibernia Trust Co
Irving Trust Co
Manufacturers Trust Co
Marine Midland Trust Co
Mercantile Bank & Trust Co
Merchants Bank
New York Trust Co
J. Henry Schroder Trust Co
Trade Bank
United States Trust Co
Niagara Falls—Power City Trust Co
Ogdensburg—Ogdensburg Trust Co
Olean—Olean Trust Co
Oneida—Madison County Trust & Deposit Co
Orchard Park—Bank of Orchard Park
Oriskany Falls—First Trust & Deposit Co
Pearl River—State Bank of Pearl River
Perry—Citizens Bank
Pleasantville—Mount Pleasant Bank & Trust Co
Port Chester—Mutual Trust Co. of Westchester
County
Rochester—Lincoln-Alliance Bank & Trust Co
Rome—Rome Trust Co
Scarsdale—Caleb Heathcote Trust Co
Schenectady—Schenectady Trust Co
Smithtown Branch, Bank of Srnithtown
Spring Valley—Ramapo Trust Co
Stony Brook—-Bank of Suffolk County
Syracuse—First Trust & Deposit Co
Syracuse Trust Co
Utica—First Citizens Bank & Trust Co
Watertown—Northern New York Trust Co
Westbury—Bank of Westbury Trust Co
White Plains—County Trust Co

1,389
2,719
430
2,457

1,178
945
604
2,139

580
406
4,756
302,608
202,456
55,571
3,213
277,485
175, 327
1,657
22,235
91,279
17,196
9,302
696,478
420
8,626
269, 770
172,013
38,495
3,058
901
124, 725
751
2, 924
47, 788
20,276
5,030
861
1,701
717
523
226
590
2,257

335
433
844
156,158
99,416
33, 735
1,045
261,354
114,794
1,029
16, 327
111,670
11,S72
7,949
329,350
509
3,419
155,511
87,149
25, 660
2,249
544
104, 372
3,769
1, 026
19, 961
11,051
1,622

3,427
42,521
3,369
719
9,417
789
826
431

429

1,184
359
498
344
331
721

880
777
6,228
531, 941
375,156
105,666
3,684
594,442
297,396
2,039
36,341
232,068
32,584
16,543
1,003,479
966
14, 076
440,019
266, 692
53,401
5,930
1,257
252, 070
4,226
2,953
63, 543
26,130
6,623
1, 007
2,975
1,028
870
571
922
2,936

1,622

824
609 j
288
792
961
376
951
669
218
022
286
719
865

300 j
2,000
300 I
200 I
750
50
200
50
5,400
2,500
2,000
500
100
500

200
3,000
300
200
1,000
50
75
25
4,400
2,750
2,000
500
50
1,500

45,514
7,329
1,111
7,472

10,061
1,999
1,391
3,992
650
647
252
17, 359
15, 993
12,916
2,703
955
1,941

8,476
2,506
7,402
25, 354

2,868
1,678
3, 537
8,462

9,509
2,113
9,664
23,517

1, 500
2,000
1,121
4,000

2,100
300
1.500
10,000

4,471
11,143
21,244
796
3,203
1,002
529

1,469
4,844
10, 989
248
1,039
121
217 i

5, 573
12,302
30,661
852
4,315
1,379
600

200
1,000
1,200
100
300
100
100

150
1, 000
3,600
50
300
150
60

63,936
23,474

DISTRICT NO. 3
DELAWARE

Wilmington—Equitable Trust Co...
Industrial Trust Co.__.
Security Trust Co
Wilmington Trust Co.
NEW JERSEY

(See also District No. 2)
Atlantic City—Equitable Trust Co
Guarantee Trust Co
Camden—Camden Safe Deposit & Trust Co
Hightstown—Hightstown Trust Co
Princeton—Princeton Bank & Trust Co
Riverside—Riverside Trust Co
._.
Swedesboro—Swedesboro Trust Co




244

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
[In thousands of dollars]
Investments

Total
deposits

Capital

1,516
4,114
1,961

1,145
838

1,768
1,095
2,298

500
653
400

450
806
450

1,447
2,602
7,348
229
1,403
6,125
186
399
5,380
3,069
3,207
3,960
2,181
1,915
218
535
4,205
474
315
2,527
625
1,741
223
636
944
485
775
677
415
413
2,998
5,960
231
224
50,606
25, 052
43,348
13,170
1,137

557
3,412
329
1,201
1,691
76
250
1,495
2,313
2,029
4,090
2,627
3,488
445
386
5,359
355
254
643
209
808
126
700
705
289
705
348
488
373
2,878
4,168
44
235
53, 007
69,103
14,442
6,658
437

2,346
1,931
8,498
504
1,972
6,259
181
573
3,360
6,195
4,501
7,139
4,531
4,514
429
740
7,077
716
408
956
523
2,237
289
1,121
1,284
515
1,051
745
659
664
5,150
7,451
216
363
83, 234
79, 716
47, 241
16,109
670

375
250
1,050
125
250
250
50
60
400
300
450
600
250
250
125
125
375
125
125
200
125
250
50
135
200
125
150
125
180
50
1,000
1,250
35
125
6,700
4,000
2,988
1,375
500

125
250
1,850
35
600
1,100
25
100
800
600
350
1,500
500
400
80
90
1,500
125
33
200
75
500
12
100
250
125
200
125
25
50
1,000
1,500
55
75
21,000
16,000
11,000
2,000
200

138,308
17,034
575
515
4,995
50
1,260
10,594
1,283
570
1,203
900
180
1,303

65,990
26,145
239
755
1,828
130
1,018
5,519
663
697
1,110
587
256
1,578

192,304
30, 626
646
1,031
5,089
170
2,092
13,040
1,526
1,078
1,833
1,153
388
1,649

8,400
3,200
125
125
1,000
25
125
1,500
125
125
350
150
75
500

27,000
12, 260
72
275
1,000
15
350
1,000
125
125
350
150
15
375

3,014
499
3,133
2,175
5,667

2,631
4,140
303
1,481
1,844
1,775

4,707
11, 341
757
2,834
3,107
6,690

499
2,000
50
500
500
750

1,693
500
50
125
700
1,500

1,956
907

1,310
27

2,939
953

500
150

150
55

Loans

Surplus

DISTRICT NO. 3—Continued
PENNSYLVANIA

(See also District No. 4)
Allentown-—Dime Savings & Trust Co.
Liberty Trust Co
Penn Trust Co_
Bloomsburg—Bloomsburg Bank-Columbia Trust
Co
Carlisle—Carlisle Trust Co
Chester—Chester-Cambridge Bank & Trust Co
Danville—Montour County Trust Co
Du Bois—Union Banking & Trust Co
Easton—Easton Trust Co
East Petersburg—East Petersburg State Bank
Egypt—Farmers Bank of Egypt
Harrisburg—Central Trust Co_—
Dauphin Deposit Trust Co
Hazleton—American Bank & Trust Co.
Markle Banking & Trust Co
Peoples Savings & Trust Co
Honesdale—Wayne County Savings Bank
Houtzdale—Houtzdale Trust Co
Huntingdon—Grange Trust Co
Jenkintown—Jenkintown Bank & Trust Co
Kulpmont—Dime Deposit Bank & Trust Co
Lansdale—Lansdale Title & Trust Co-..
Lemoyne—Lemoyne Trust Co
Lewistown—Lewistown Trust Co
Lock Haven—Lock Haven Trust Co
Luzerne—Merchants & Miners State Bank
Lyhens—Miners Deposit Bank & Trust Co
Mahanoy City—Merchants Banking Trust Co
Middletown—Citizens Bank & Trust Co
Mount Carmel—Liberty State Bank & Trust Co
Myerstown—Myerstown Trust Co
Nanticoke—Peoples Savings & Trust Co
_.
New Oxford—Farmers & Merchants Bank
Norristown—Montgomery Trust Co
Norristown-Penn Trust Co
Orrstown—Orrstown Bank
_._
Paoli—Paoli Bank & Trust Co
Philadelphia—Fidelity-Philadelphia Trust Co
Girard Trust Co
_
Integrity Trust Co
Ninth Bank & Trust Co
North City Trust Co
Pennsylvania Co. for Insurances on
Lives, etc
Provident Trust Co
_
Prospect Park—Interboro Bank & Trust Co
Quakertown—Quaker town Trust Co
Reading—Berks County Trust Co
Schnecksville—Schnecksville State Bank
Schuylkill Haven—Schuylkill Haven Trust Co
Scran ton—Dime Bank-Lincoln Trust Co
Shamokin—Dime Trust & Safe Deposit Co
Shamokin Banking & Trust Co
Steelton—Steelton Bank & Trust Co
Tamaqua—Peoples Trust Co
Temple—Temple State Bank
_
Wilkes-Barre—Union Savings Bank & Trust Co
Wilkes-Barre Deposit & Savings
Bank
Williamsport—Lycoming Trust Co
Williamstown—Williams Valley Bank
Wyomissing—Peoples Trust Co
_.
York—Guardian Trust Co
York Trust Co
DISTRICT NO. 4
KENTUCKY

(See also District No. 8)
Lexington—Security Trust Co
Richmond—State Bank & Trust Co




245

STATE BANK MEMBERSHIP
[In thousands of dollars]
Investments

Total
deposits

Capital

3,868
54,475
131
139
1,349
1,295
1,763
43,410
51,490
20, 856
10,197
187, 974
99,498
21, 216
178,303
397
480
981
283
1,016
366
367
1,604
761
459
474
99
552
164
1,500
467
380
1,846
3,610
4,331
1,278
379
165
400
756
651
261
28,061
430
190
878
464

1,665
6,665
15
49
257
524
968
14, 392
22, 786
9,320
4,245
52, 231
37, 763
11, 366
43, 710
149
388
1,130
22
177
171
140
1,378
536
118
88
143
103
11
839
139
67
138
605
1,260
543
195
264
151
265
512
45
21, 772
154
55
138
259

6,073
50,434
151
173
1,604
1,629
2,408
58,117
74, 694
31, 794
12,972
245, 628
123,105
28, 444
221,085
551
703
2,292
256
1,076
583
449
2,829
1,193
489
533
391
707
169
2,358
553
505
1,715
4,099
5,377
1,651
539
421
510
1,009
1,103
255
50, 575
555
250
892
648

200
7,227
25
25
100
150
100
4,000
5,000
1,800
1,250
13,800
7,000
4,000
22, 850
50
125
125
25
75
50
25
580
125
50
25
50
50
25
150
50
25
100
200
300
150
50
50
60
100
100
25
5,000
50
25
100
150

300
2,000
18
8
85
100
200
3,650
5,000
2,700
1,250
9,200
9,000
2,000
12,150
60
24
125
36
100
25
45
300
100
25
12
40
50
9
90
32
55
50
200
75
150
52
30
27
42
60
40
3,000
25
15
100

2,400
1,105
1,238
782

617
1,671
434
242

3,114
2, 588
1,220
783

125
125
300
200

200
125
200
60

1,630
7,597
1,590
871
2,363

2,681
2,425
837
445
1,087

4,402
10,451
2,266
831
3,334

300
300
250
400
300

300
900
250
250
550

186
3,941
10,747
16,831
9,061
45, 797
4,778
99,658
1,532

84
3,839
5,647
8,064
4,210
39,807
4,412
98,193
2,163

215
6,233
15, 546
22,313
11,946
78, 591
7,529
153,290
2,952

30
700
1,000
2,600
1,500
5,823
500
1,500
250

40
1,000
1,000
3,000
1,700
15,000
900
63,500
550

Loans
DISTRICT NO. 4—Continued
OHIO

Akron—Firestone Park Trust & Savings Bank
First-Central Trust Co
Apple Creek—Apple Creek Banking Co
Atwater—Atwater Savings Bank Co
Barberton—First-City Savings Bank
Bellevue—Union Bank & Savings Co
Chagrin Falls—Chagrin Falls Banking Co
Cincinnati—Central Trust Co
Fifth-Third Union Trust Co
Provident Savings Bank & Trust Co__
Western Bank & Trust Co
Cleveland—Cleveland Trust Co
_
Guardian Trust Co
Midland Bank
Union Trust Co
Columbiana—Union Banking Co
_
_
Conneaut—Citizens Banking & Trust Co
Conneaut Mutual Loan & Trust Co
Danville—Commercial & Savings Bank Co.._
Delphas—Commercial Bank
Peoples Bank
_.
Delta—Peoples Savings Bank Co
East Liverpool—Potters Bank & Trust Co
_..
Geneva—Geneva Savings & Trust Co
Gibsonburg—Gibsonburg Banking Co
Home Banking Co
Hillsboro—Hillsboro Bank & Savings Co...
Hubbard—Hubbard Banking Co
Lyons—Farmers State Bank
Middletown—American Trust & Savings Bank
Minerva—Minerva Banking Co
Minster—Minster State Bank
Napoleon—Napoleon State Bank
Newark—Newark Trust CoT
Union Trust Co
New Philadelphia—Ohio Savings & Trust Co
Orrville—Orrville Savings Bank
Pomeroy—Farmers Bank & Savings Co
Rittman—Rittman Savings Bank
St. Marys—Home Banking Co
Shelby—Citizens Bank
Shiloh—Shiloh Savings Bank Co
Toledoy-Toledo Trust Co
_
_
Vermilion—Erie County Banking Co
Wakeman—Wakeman Bank Co
Wellington—First Wellington Bank
Wooster—Commercial Banking & Trust Co
PENNSYLVANIA

(See also District No. 3)
Aliquippa—Woodlawn Trust Co
_
Ambridge—Ambridge Savings & Trust Co
Beaver—Beaver Trust Co
_
_
Beaver Falls—Federal Title & Trust Co
East Pittsburgh—East Pittsburgh Savings & Trust
Co
Erie—Security-Peoples Trust Co
Meadville—Crawford County Trust Co
New Brighton—Beaver County Trust Co
New Castle—Lawrence Savings & Trust Co
Paint Borough (Scalp Level P. 0.)—Merchants &
Miners Bank
Pittsburgh—Allegheny Trust Co
City Deposit Bank & Trust Co
Colonial Trust Co
_
Commonwealth Trust Co
Peoples-Pittsburgh Trust Co
Potter Title & Trust Co
Union Trust Co
_
Windber—Windber Trust Co




246

ANNUAL REPOET OF THE FEDERAL RESERVE BOARD
[In thousands of dollars]
Investments

Total
deposits

Capital

1,676
2,791
5,734

49
1,213
724

1,512
3, 489
6,987

200
300
500

100
300
500

6,140
37, 663
18,317
194
1,346

2,952
26, 697
10, 280
111
156

10, 027
60, 814
31, 902
331
1,414

1,000
6,250
2,500
25
100

350
4,250
2,000
20
100

9,893
4,176
794
527
21, 402

3,984
996
92
175
10, 973

17, 939
4,629
547
812
42, 329

1,200
1,000
100
100
2,500

800
500
100
91
2,000

81
1,438
563
556

36
1,873
143
80

90
3,134
764
836

25
200
100
75

75
150
100
43

609
444
402
480

35
26
18
85

620
374
399
460

100
100
50
65

50
50
31
110

2,497
16, 561
5,176
17, 616
131

1,226
3,798
847
8,841
2

2,703
16, 740
6, 000
28, 211

750
3, 500
600
2,500
35

250
1,000
600
1,500
9

895
2,545
8,176
109
326
1,988
241
673
360

599
834
4,030
48
28
232
16
85
29

1,251
3, 536
12, 956
141
317
2,019
186
594
278

100
500
1,000
25
50
250
50
100
75

100
250
1,200
5
18
150
9
85
30

10, 708
1,232
143
937
224
627
496
783
92

3,006
315
12
28
12
80
132
9
26

17,146
781
97
557
241
454
358
678
134

1,000
500
50
200
25
50
100
100
25

1,200
55
20
100
50
150
50
75
12

345
99
129
1,294

100
30
50

50

156
371
1,276

Loans

Surplus

DISTRICT NO. i— Continued
WEST VIRGINIA

(See also District No. 5)
Sistersyille—First Tyler Bank & Trust Co
Wheeling—Security Trust Co
Wheeling Bank & Trust Co
DISTRICT NO. 5
MARYLAND

Baltimore—Baltimore Commercial Bank
Baltimore Trust Co
Maryland Trust Co
Forest Hill-Forest Hill State Bank
Salisbury—Farmers & Merchants Bank
NORTH CAROLINA

Charlotte—-American Trust Co
Independence Trust Co
Edenton—Bank of Edenton
Washington—Bank of Washington
Winston-Salem—Wachovia Bank & Trust Co__.
SOUTH CAROLINA

Bishopville—Peoples Bank
Charleston—Carolina Savings Bank
Chester—Commercial Bank
Hartsville—Bank of Hartsville
VIRGINIA

Blackstone—Citizens Bank & Trust Co
Chase City—Peoples Bank & Trust Co
Galax—Peoples State Bank, Inc
Kenbridge—Bank of Lunenburg, Inc
Petersburg—Petersburg Savings & American Trust
Co
Richmond—American Bank & Trust Co
Bank of Commerce & Trusts
State Planters Bank & Trust Co
Rural Retreat—Peoples Bank
WEST VIRGINIA

(See also District No. 4)
Berwind—Berwind Bank
Charleston—Kanawha Banking & Trust Co
Kanawha Valley Bank
Harpers Ferry—Bank of Harpers Ferry
Hurricane—Putnam County Bank
Martinsburg—Peoples Trust Co
Petersburg—Potomac Valley Bank
Romney—Bank of Romney
St. Marys—Pleasants County Bank
DISTRICT NO. 6

Birmingham—Birmingham Trust & Savings Co.
Southern Bank & Trust Co
Clayton—Bank of Commerce
Evergreen—Peoples Bank
Guin—Marion County Banking Co
Marion—Marion Central Bank
_
.
Monroeville—Monroe County Bank
Selma—Peoples Bank & Trust Co
Winfield—Winfleld State Bank
FLORIDA

Leesburg—Leesburg State Bank & Trust Co
Marianna—-Citizens State Bank._
Tallahassee—Exchange Bank
West Palm Beach—Florida Bank & Trust C o . . .




335
123
207
124

100

50
50

247

STATE BANK MEMBERSHIP
[In thousands of dollars]
Investments

Total
deposits

Capital

5,141
240
345
212
342
348
105
345
323
187
283
31
105
100
1,010
2,474
180
1,045
101

1,440
1,999
48
481
10
1
1,146
100
29
39
14
104
16
13
98
134
17
1
1
2
26
64
3
177
1

3,257
11,464
524
904
511
77
6,042
253
166
156
235
494
106
307
273
279
206
26
110
34
909
2, 006
170
670
71

500
2,000
100
230
60
30
850
100
100
60
95
50
25
50
150
100
100
25
25
25
300
700
25
100
25

500
2,000
20
118
12
6
650
65
50
6
36
50
15
50
75
30
50
2
6
33
75
200
18
40
15

8,316
35, 803
30, 634
12,858
492

3,472
17, 367
13,384
5,503
44

10,897
53, 219
49, 652
12, 875
531

1,000
6,075
2,500
750
50

500
2,250
3,000
1,150
15

841

75

50

138
556
386
857
168,940
746,569
2,838
4,065
91,365
6,978
9,051
87,881
5,277
4,192
203
396
662
1,649
9,897
1,260
748
1,815
123
758
5,190
1,182
150
455

25
50
100
200
14,000
75,000
400
500
6,000
1,600
600
3,000
700
600
25
50
50
200
500
100
100
100
25
100
1,000
200
25
60

11
18
50
75
10,000
65,000
250
350
6,000
400
400
6,000
400
200
10
13
30
150
500
50
25
100
25
100
500
200
10
30

Loans

Surplus

DISTRICT NO. 6—Continued
GEORGIA

Atlanta—Georgia Savings Bank & Trust Co.
Trust Company of Georgia
Bainbridge— Citizens Bank & Trust Co
Brunswick—Brunswick Bank & Trust Co...
Carrollton—Peoples Bank
Claxton—Citizens Bank
Columbus—Columbus Bank & Trust Co
Commerce—Northeastern Banking Co
Dawson—Bank of Dawson
.
Eastman—Bank of Eastman
Greenville—Greenville Banking Co
Lawrenceville—Brand Banking Co
Lincolnton—Farmers State Bank
Millen—Bank of Alillen
Monroe—Bank of Monroe.
Farmers Bank
Pelham—Farmers Bank
__.
Reynolds—Citizens State Bank
Rhine—Rhine Banking Co
Sasser—Bank of Sasser
Savannah—Citizens Bank & Trust Co
Savannah Bank & Trust Co
Soperton—Bank of Soperton
Statesboro—Bank of Statesboro
Swainsboro—Central Bank
_.

2,386
11,485
625
752
596
77

LOUISIANA

(See also District No. 11)
New Orleans—American Bank & Trust Co
Canal Bank & Trust Co
Hibernia Bank & Trust Co
Interstate Trust & Banking Co..
Opelousas—Parish Bank & Trust Co
TENNESSEE

(See also District No. 8)
Greenville—Greene County Union Bank.

926

DISTRICT NO. 7
ILLINOIS

(See also District No. 8)
Argenta—Gerber State Bank
Auburn—Auburn State Bank
Barrington— First State Bank
Chicago—Adams State Bank
Central Republic Bank & Trust C o . . . .
Continental Illinois Bank & Trust Co..
Depositors State Bank
Drexel State Bank
Harris Trust & Savings Bank
Kaspan American State B a n k . . .
Mercantile Trust & Savings Bank
Northern Trust Co.
Security Bank of Chicago
Woodlawn Trust & Savings Bank
Cowden—State Bank of Cowden
Cuba—State Bank of Cuba__
Eureka—Farmers State Bank
Evanston—Evanston Trust & Savings Bank
State Bank & Trust Co
Geneva—State Bank of Geneva
Hinsdale—Hinsdale State Bank
Joliet—Joliet Trust & Savings Bank
Matteson—First State Bank
Mattoon—Central Illinois Trust & Savings Bank
Oak Park—Oak Park Trust & Savings Bank
Suburban Trust & Savings Bank
Oswego—Oswego State Bank
Polo—Polo State Bank

125554—32

17




146
375
475
410
106,189
534, 405
2,545
2,480
44,609
3,614
4,869
37, 510
3,938
2,372
192
182
283
948
4,818
907
452
1,155
137
646
4,197
623
151
452

1
131
106
497
47,181
222,861
593
1,298
35,957
4,502
2,960
42,952
1,516
1,805
5
224
302
681
3,322
339
366
757
3
232
1,581
989
15
85

248

ANNUAL, EEPOET OF THE FEDERAL EESEEVE BOAED
[In thousands of dollars]
Total
deposits

Capital

Surplus

DISTRICT N O . 7— Continued
ILLINOIS—continued
Springfield—Ridgely Farmers State Bank
Stockland—Sumner State Bank
Wenona—First State Bank
Wheaton—Wheaton Trust & Savings Bank
Wilmette—Wilmette State Bank

4,031
129
253
129
1,060

915
24
523
315
678

5, 677
143
750
411
1,837

600
50
50
100
200

150
10
50
40
200

1,165
2,456
10, 320
287
3,196
355
3,113
4,254
572

407
1,471
11,840
108
696
116
1,425
1,978
15

1,526
3,502
27, 020
299
1,642
457
3,661
5,884
555

250
250
1,500
40
300
75
800
500
50

57
200
1,500
10
200
25
200
500
50

427
498
5,290
537
309
951
4,783
271
1,452
92
1,010
247
243

642
111
1,954
153
32
309
2,136
125
84
2
1, 003
2
53

1,215
557
6,364
707
327
1,391
6,732
354
1,322
84
2, 315
197

50
50
600
50
40
75
1,000
26
200
40
100
60
30

40
22
450
50
12
75
203
24

240
3,071
239
996
504
2,925
100
161
373
241

105
1,113
2
849
268
668
1
29
207
96

379
4,163
235
2, 295
807
4, 401
104
153
654
382

50
200
30
100
50
300
25
25
60
50

25
200
30
50
30
150
10
13
28
14

659
882
944
573
3,213
2,763
3,268
414
165
3,599
442
98
505
201
280
297
299
584
327
414
416
967
363
505
335
4,092
2,034
26, 394
10,971

1,048
512
956
350
2,871
656

1,730
1,557
1,715
773
5,978
3,472
5,199
491
193
7,763
797
230
664
342
392
624
357
577
749
671
546
1, 455
536
1, 336
390
9,084
5,425
38,878
12,610

150
110
150
100
400
250
400
25
25
500
50
25
50
25
40
50
40
60
100
50
60
75
25
90
50
300
400
1, 500
1,000

100
42
63
55
200
250
400
25
13
1,000
50
• 7
35
6
20
25
18
60
50
50
40
75
13
35
25
200
300
2, 500
900

INDIANA

Connersville—Fayette Bank & Trust Co
Elkhart—St. Joseph Valley Bank
Indianapolis—Fletcher Trust Co
Jamestown—Citizens State Bank
Richmond—Dickinson Trust Co
Rochester—United States Bank & Trust Co
South Bend—St. Joseph Loan & Trust Co
Terre Haute—Terre Haute Trust Co
Tipton—Farmers Loan & Trust Co
IOWA

Algona—Iowa State Bank
Ames—Story County Trust & Savings Bank
Burlington—First Iowa State Trust & Savings Bank
Chariton—State Savings Bank
Charter Oak—Farmers State Bank
Cherokee—Cherokee State Bank
Des Moines—Bankers Trust Co
Fairbank— Fairbank State Bank
Fairfield—Iowa State Savings Bank
Farragut—Commercial Sayings Bank
Fort Madison—Fort Madison Savings Bank
Gilman—Citizens Savings Bank
Greenfield—Greenfield Savings Bank
Mechanicsville—Mechanicsville Trust & Savings
Bank
Monticello—Monticello State Bank
Moorhead—Moorhead State Bank
Newton—Jasper County Savings Bank
Osage—Home Trust & Savings Bank
Ottumwa—Union Bank & Trust Co
Riceville—Riceville State Bank
Royal—Home State Bank
Shenandoah—Security Trust & Savings Bank
Storm Lake—Security Trust & Savings Bank

80
12
12

MICHIGAN

(See also District No. 9)
Adrian—Adrian State Savings Bank
Commercial Savings Bank
Lena wee County Savings Bank
Albion—Commercial & Savings Bank
Alpena—Alpena Trust & Savings Bank
Ann Arbor—Farmers & Mechanics Bank
State Savings Bank
Armada—Armada State Bank
Farmers State Bank
Bay City—Peoples Commercial & Savings B a n k . . .
Big Rapids—Big Rapids Savings Bank
Blanchard—Blanchard State Bank
Blissfield—Blissfield State Bank
Brown City—Brown City Savings Bank
Cass City—Cass City State Bank
Pinney State Bank
Cassopolis—Cass County State Bank
Center Line—Center Line State Savings Bank
Charlotte—Eaton County Savings Bank
Chelsea—Farmers & Merchants Bank
Kempf Commercial & Savings Bank
Chesaning—Chesaning State Bank
Coopersville—Peoples Savings Bank
Croswell—State Bank of Croswell
Davison—Davison State Bank
Dearborn—Dearborn State Bank
Guardian Bank of Dearborn
Detroit—Detroit Savings Bank
United Savings Bank
_
__




2,110
95
38
5,469
419
135
92
96
135
320
71
109
432
302
196
426
224
869
53
2, 225
2,888

11, 343
2,299

STATE B A N K

249

MEMBERSHIP

[In thousands of dollars]
Investments

Total
deposits I Capital

Surplus

DISTRICT NO. 7—Continued
MICHIGAN—continued
Dundee—Monroe County Bank
Edmore—Edmore State Bank
Elk Rapids—Elk Rapids State Bank
Fennville—Old State Bank
Flint—Citizens Commercial & Savings Bank
Genesee County Savings Bank
Union Industrial Trust & Savings Bank
Frankenmuth—American State Bank
Frankenmuth State Bank
Fremont—Fremont State Bank
Old State Bank
Grand Haven—Grand Haven State Bank
Peoples Savings Bank
Grand Rapids—American Home Security Bank
Grand Rapids Savings Bank
Old Kent Bank
!
Greenville—Commercial State Savings Bank
J
Highland Park—Highland Park State Bank
I
Hillsdale—Hillsdale Savings Bank
!
Holland—First State Bank
I
Holland City State Bank
Holly—First State & Savings Bank
Howell—First State & Savings Bank
Imlay City—Lapeer County Bank
Peoples State Bank
Jonesville—Grosvenor Savings Hank
Kalamazoo—Bank of Kalamazoo
Lakeview—Commercial State Savings Bank
Farmers & Merchants State Bank
Lapeer—Lapeer Savings Bank
Lenox & Richmond—Macomb County Savings Bank..
Lowell—City State Bank
Ludington—Ludington State Bank
Manchester—Peoples Bank
Union Savings Bank
Manistee—Manistee County Savings Bank
Marcellus—G. W. Jones Exchange Bank
Marshall—Commercial Savings Bank
Mason—Farmers Bank
First State & Savings Bank
Midland—Chemical State Savings Bank
Milan—Peoples State Bank
.'
Milford—First State Bank
Montague—Farmers State Bank
__
Mount Clemens—Citizens Savings Bank
Mount Pleasant—Exchange Savings Bank
Isabella County State Bank
New Baltimore—Citizens State Savings Bank
New Haven—New Haven Savings Bank
Onsted—Onsted State Bank
Pigeon—Pigeon State Bank
Pinconning—Pinconning State Bank
Rogers City—Presque Isle County Savings Bank
Romeo—-Romeo Savings Bank
Royal Oak—Guardian Bank
Saginaw—Bank of Saginaw
Peoples American State Bank
St. Charles—St. Charles State Bank
St. Clair—Commercial & Savings Bank
Saugatuck—Fruit Growers State Bank
Sebewaing—Farmers & Merchants State Bank
South Haven—Citizens State Bank
Sparta—Sparta Savings Bank
Spring Lake—Spring Lake State Bank
Traverse City—Traverse City State Bank
Utica—Utica State Savings Bank
Warren—State Savings Bank
Washington—Washington Sayings Bank
Williainston—Grossman & Williams State Bank
Williamston State Bank




155
119
73
173
1,017
2,770
5,200
326
188
181
253
578

359
1,793
647
393
199
3, 954
377
793
257
128
179
399
191
680
998
50
10, 980
4,115
282
800
710
597
880
254
324
1,170
534
611
142
317
339

2,094 |
1,620 I
2,453 I
360 j
9,239 I
1,134 |
561 I
730
363
295
213
146 '
146
1, 546
141
127
291
188
209
690
187
480
1, 905
103
291
107
77
579
82
311
78
462
612
531
172
169
30
132
109
587
305
306
3,178
1,187
529
811
255
556
448
162
133
1,345
262
199
40
129
194

439
254
257
479
5, 390
11. 340
15,438
750
1, 695
422
961
1,808 I
918 j
6,415
15,695 S
25,902 |
1,008 j
23,837 j
1,742
2,920 |
2, 544
1, 275
641
830
436
468
7, 264
269
300
911
855 !
511 I
1,593 !
447 j
607 I
3,293 !
536 |
868
472
443
2,311
625
726
251
3,170
1, 026
1,449
416
324
205
486
298
1,353
1,318
337
12, 483
4,259
837
1,773
713
1,235
1,182
424
508
2, 534
782
798
155
345
478

40
30
35
50
500
1,000
2,000
35
100
50
75
100
50
850
1, 000
2,000
50
1,000
100
200
200
100
75
50
50
50
GOO
25
40
75
50
25
100
25
25
200
40
100
50
25
50
50
25
25
500 I

S31
25 I
25 |
25 I
25 I
30
70
100
100
1, 250
500
25
75
100
50
100
30
25
200
50
50
25
40
50

25
9
18
18
550
800
1,000
30
100
25
28
100
50
425
1,000
2, 000
50
2,000
41
100
100
50
40
17
14
25
235
9
10
34
25
25
50
25
50
100
40
31
21
15
25
50
25
13
250
33
35
25
10
12
13
8
20
100
50
1,000
400
25
38
50
20
175
15
50
200
25
38
15
20
25

250

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
[In thousands of dollars]
Loans

Investments

Total
deposits Capital

Surplus

DISTRICT NO. 7—Continued
WISCONSIN

(See also District No. 9)
Baraboo—Bank of Baraboo
Burlington—Bank of Burlington
Kewaunee—State Bank of Kewaunee __
Madison—State Bank of Wisconsin
Milwaukee—Badger State Bank
Marshall & Ilsley Bank .
Platteville—State Bank of Platteville
Plymouth—State Bank of Plymouth
Seneca—Farmers & Merchants State Bank
Sheboygan—Citizens State Bank
Sturgeon Bay—Bank of Sturgeon Bay

1 206
376
430
1,454
1,220
7,046
161
229
16
1,450
1,518

2,471
1,331
1,172
7,201
6,412
29, 077
907
754
342
4,919
3,296

100
125
80
1,000
400
1,500
50
100
35
500
200

50
25
40
555
200
1, 500
50
25
18
400
50

278
341
205
790
5,151
2,784
6,465
2,586
161
605
384
142
210

177
8
19
297
692
457
1, 224
409
2
31
162
13
7J

578
543
210
1,141
7, 006
3,271
8,108
3,561
150
836
574
146
235

50
200
35
50
600
350
500
200
50
100
75
25
60

20
40
20
100
120
150
250
300
10
50
38
5
20

2,216
495
1,213
651
735
925
649
480
372
223
128
100
170
2, 492

1,360
242
2,051
280
443
120
360
247
323
122
199
112
32
819

3,116
654
3,286
972
1,154
1,023
1,148
655
653
257
275
194
184
3,154

300
100
600
110
150
120
150
80
100
50
50
25
25
500

300
50
200
25
88
40
75
40
33
20
10
13
5
100

12, 285
18, 035
9,187
2,531

._ _

1 028
979
778
6,266
4,881
20,828
752
596
363
3,194
1,737

4,100
3,699
1,486
157

3,162
17, 018
8,141
2,417

1,000
1,000
750
400

1,250
2.000
450
150

981

77

995

200

75

119
136
201
211
844
704
226
1,133
132
158

114
1

338
120
291
296
1,189
1,270
284
1,154
200
264

25
25
50
25
50
100
100
100
30
30

5
5
10
18
40
25
20
200
6
15

DISTRICT NO. 8
ARKANSAS

Batesville—Citizens Bank & Trust Co
Blytheville—Farmers Bank & Trust Co
Brinkley—Monroe County BankForrest City—Bank of Eastern Arkansas
Little Rock—Bankers Trust Co
Peoples Trust Co
Union Trust Co
W B Worthen Co
Marvell—Bank of Marvell
_ North Little Rock—Twin City Bank
Russellville—Bank of Russellville
Siloam Springs—Producers State Bank
Waldron—Bank of Waldron

_ ._

_ _

ILLINOIS

(See also District No. 7)
Belleville—Belleville Savings Bank
__
Collinsville—State Bank
_
East St. Louis—Union Trust Co.
Effingham—Effingham State Bank
Granite City—Granite City Trust & Savings Bank..
Greenville—State Bank of Hoiles & Sons
Hanisburg—First Trust & Savings Bank
Hillsboro—Montgomery County Loan & Trust C o . .
Litchfield—Litehfield Bank & Trust Co
Madison—Union Trust Co
Mount Olive—Mount Olive State Bank.
New Athens—Farmers State Bank
O'Fallon—First State Bank..
___
Quincy—State Savings Loan & Trust Co
KENTUCKY

(See also District No 4)
Louisville—Kentucky Title Trust Co
Liberty Bank & Trust Co
Lincoln Bank & Trust Co
Owensboro—Central Trust Co
MISSISSIPPI

Greenwood—Greenwood Bank & Trust Co

^

MISSOURI

(See also District No. 10)
Camdenton—Cainden Countv Bank
.
Iberia—Farmers & Traders Bank.
La Plata—Bank of La Plata
Lebanon—State Savings Bank
_
Luxemburg—Lernay Ferry Bank
Maplewood—Bank of Maplewood & Trust Co
Peoples State Bank
Marshall—Wood & Huston Bank
Normandy—Normandy State Bank _ _
Pine Lawn—Pine Lawn Bank




_.

48
334
648
115
49
62
49

251

STATE BANK MEMBERSHIP
[In thousands of dollars]
Investments

Total
deposits

Capital

412
1,498
1,685
2,149
1,231
403
935
619
579
1,703
2,853
1,013
13,183
1,262
1,405
3,352
37, 637
42,009
1,028
707
1,114
3,824
219
2,122
1,561
567
2,138
917
7,493
4,402
935
840
410
51
66
184
496
331
206
397
459

186
1,130
3,947
2,877
551
632
752
1,142
921
1, 614
1,451
748
9,279
955
2,235
1,788
57, 285
22, 775
538
533
1, 238
5,144
167
1,654
1,020
451
909
1,129
2,355
3,524
612
1,527

257
312
391
9
116
973

436
2,431
5,587
4,838
1, 637
795
1,556
1,549
1,716
2,901
3,953
1,476
20,638
2,034
3,217
4,791
102, 048
67,857
1,481
1,198
2,088
7,882
252
2,568
2,869
894
3,031
1,966
9,865
7,754
1,488
2,096
864
118
180
456
590
702
328
455
1,452

100
200
400
300
200
200
200
200
200
200
500
300
2,150
300
200
500
10,000
6,000
200
200
200
500
120
200
200
200
200
200
500
1,000
200
200
50
30
25
100
100
100
40
50
100

20
150
500
400
50
40
100
40
60
200
100
100
1,450
100
100
200
5,000
2,500
50
50
140
1,000
24
50
100
80
100
50
300
500
100
100
50
2
6
25
30
26
15
25
100

664
270
18,936

42
13
3,952

618
247
26, 754

200
30
3,000

30
1,500

1,153
165
527
1,329
614
656
562
160

792
131
417
623
389
560
1,223
534

1,942
282
970
1,923
1,214
1,346
1,706
674

100
25
50
100
100
100
100

100
25
50
100
50
50
60
30

212
236
154
183
811
170

47
2
264
28
276
24

261
261
513
147
1,146
191

25
50
20
30
100
25

6
10
5
25
10
5

Loans

Surplus

DISTRICT NO. 8—Continued
MISSOURI—continued
Richmond Heights—Park Savings Trust Co
St. Louis—Baden Bank
Bremen Bank & Trust Co
Cass Bank & Trust Co
Chippewa Trust Co
Chouteau Trust Co
Easton-Taylor Trust Co
Grant State Bank
Guaranty Bank & Trust Co
Jefferson Bank
Jefferson-Gravois Bank
Laclede Trust Co
Lafayette-South Side Bank of Trust Co_.
Lindell Trust Co
Lowell Bank
Manchester Bank
Mercantile-Commerce Bank & Trust Co.
Mississippi Valley Trust Co
Mound City Trust Co
Natural Bridge Trust Co
North St. Louis Trust Co
Northwestern Trust Co
Sarah-Olive Bank
Savings Trust Co
Scruggs, Vandervort & Barney Bank
Shaw Bank & Trust Co
Southern Commercial & Savings Bank._.
Southwest Bank
Tower Grove Bank & Trust Co
United Bank & Trust Co
Water Tower Bank
West St. Louis Trust Co
St. Louis County—Gravois Bank
Midland Savings Bank
North Side Bank
.
Sedalia—Sedalia Trust Co
University City—University City Bank & Trust Co.
West End Bank
Versailles—Bank of Versailles
Washington—Franklin County Bank
Webster Groves—Webster Groves Trust Co

429

84
123

TENNESSEE

(See also District No. 6)
Brownsville—First State Bank
Greenfield—Greenfield Bank
Memphis—Bank of Commerce & Trust Co

_.

DISTRICT NO. 9
MICHIGAN

(See also District No. 7)
Escanaba—State Savings Bank
EwTen—State Bank Ewen
Gladstone—Gladstone Savings Bank
Iron Mountain—Commercial Bank
Menominee—Commercial Bank
Sault Ste. Marie—Central Savings Bank
Sault Savings Bank
South Range—South Range State Bank
MINNESOTA

Clinton—Clinton State Bank
Madelia—State Bank of Madelia
Plainview—Peoples State Bank
Revere—State Bank of Revere
South St. Paul—Drovers State Bank
Westbrook—Citizens State Bank




_.

252

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
[In thousands of dollars]

Investments

Capital

Surplus

DISTRICT NO. 9-Continued
MONTANA

Anaconda—Daly Bank & Trust Co
Belgrade—Belgrade State Bank
_
_
Billings—Security Trust & Savings Bank
Bozeman—Gallatin Trust & Savings Bank
Security Bank & Trust Co
Butte—Metals Bank & Trust Co
Miners Savings Bank & Trust Co
East Helena—East Helena State B a n k . . .
Fromberg—Clarks Fork Valley Bank
Hamilton—Ravalli County Bank
Helena—Union Bank & Trust Co
Opheim—First State Bank
Park City—Park City State Bank
Richey—First State Bank
Townsend—State Bank of Townsend
Worden—Farmers State Bank

._

2,031
201
858
366
360
5,585
485
123
86
338
2,025
92
103
202
347
51

1,254
52
843
276
106
7,217
400
52
6
129
858
13
112
27
140
36

3,428
197
2,064
758
415
15,087
979
139
75
453
3,502
54
243
157
458
112

100
50
100
100
100
600
200
50
25
50
250
25
25
25
100
25

150
15
100
40
35
400
51
9
5
20
150

583
195
148
200
316
635
279

120
31
17
37
111
885
21

145
202
321
452
1,747
432

75
25
25
50
50
100
25

25
10
10
5
10
60
15

129
168
495

137
79
530

284
289
974

30
30
75

6
7
40

1,905
4, 856
326

551
5, 623
98

3,015
11,554
376

500
500
75

53
500
43

450
244
221
566
518

128
66
61
445
177

575
461
248
1,264
1, 008

100
50
30
200
125

25
20
53
63

31,932
1,167
178
883
1,657

33,911
492
22
895
636

85, 218
2,113
202
1, 900
2,684

6, 000
200
50
200
350

2,000
1C0
4
100
150

437
238
164

50
25
30

15
10
30

30

15

50

17

8
17
26
7

SOUTH DAKOTA

Belle Fourche—Butte County Bank
Buffalo— First State Bank
Camp Crook—Little Missouri Bank
Flandreau—Farmers State Bank
Madison—Security Bank & Trust Co
Mitchell—Commercial Trust & Savings Bank
Newell—Reclamation State Bank
WISCONSIN

(See also District No. 7)
Boyceville—Bank of Boyceville
Glenwood City—First State Bank
Hurley—Iron Exchange Bank
DISTRICT NO. 10
COLORADO

Denver-Central Savings Bank & Trust Co
International Trust Co
La Junta—Colorado Savings & Trust Co
KANSAS

Hiawatha—Merrill & Janes Bank
Liberal—Citizens State Bank
Sedan—Sedan State Bank
Topeka—Fidelity Savings State Bank
Winfield—State Bank of VVinfield.

„

MISSOURI

(See also District No. 8)
Kansas City—Commerce Trust Co
Merchants Bank
King City—First Trust Co
St. Joseph—Empire Trust Co
South St. Joseph—St. Joseph Stock Yards Bank
NEBRASKA
Aurora—Fidelity State Bank._.
Oakland—Oakland State Bank.
Western—Saline County Bank.

415
244
207

NEW MEXICO

(See also District No. 11)
Aztec—Citizens Bank._.

_

195

OKLAHOMA

(See also District No. 11)
Okarehe—First Bank of Okarche




204

63

242

STATE B A N K

253

MEMBERSHIP

[In thousands of dollars]
Loans

Investments

Total
deposits

Capital

Surplus

DISTRICT NO. 10—Continued
WYOMING

Evanston—Stockerowers Bank ___
Mountainview—Uinta County State Bank
Newcastle—First State Bank
Powell—Park County Bank
Sundance—Sundance State Bank

439
83
227
56
350

89
14
156
66
36

400
69
345
133
361

50
40
25
25
25

50
10
25
5
15

4,223

653

4,908

700

175

235

284

489

50

25

_.

69

50

131

25

3

Abernathy—First State Bank
Beaumont—Security State Bank & Trust Co
Bedias—First State Bank
.
Bishop—First State Bank
Brady—Farmers & Merchants State Bank
Brerrond—First State Bank
Brownfield—Brownfield State Bank
Brownsville—Texas Bank & Trust Co
Bryan—First State Bank & Trust Co
Canyon—First State Bank
._ . .
Clarendon—Farmers State Bank .
Clifton—Farmers State Bank . . _ .
Copperas Ccve—First State Bank
Dallas—Dallas Bank <e Trust Co
f
Mercantile Bank & Trust Co
Del Rio—Del Rio Bank <e Trust Co
f
Ferris—Farmers & Merchants State Bank
Fornev—Forney State Bank
Franklin—First State Bank.
Frost—Citizens State Bank
Gatesville—Guaranty Bank & Trust Co
Greenville—Citizens State Bank
Hallsville— Farmers State Bank
Hamilton—Hamilton Bank & Trust Co
Headlev—Securitv State Bank
Iola—lola State Bank
Jacksonville—First State Bank
Junction—Junction State Bank
Killeen—First State Bank
Kirkland—First State Bank
Kosse—First State Bank
Leakev—First Ftate Bank
Loraine—First State Bank.
Lorenzo—First Ftate Bank
Luling—Lipscomb Bank & Trust Co
Madisonville—Farmers State Bank
Mataior—First State Bank
Mathis—First State Bank
McGregor—First State Bank
.
McKinrey—Central State Bank
__
_ .
Memphis—Citizens State Bank
Mertens—First State Bank
Mount Pleasant—Guaranty Bond Ftate Bank .._ _
Murchison—First State Pank
Nacosrdoches—Commercial Ftate Bank
Rails—Securitv Ftate Bank <c Trust Co
f
Richardson—Citizens State Bank
Roaring Springs—First State Bank
Robert Lee—First State Bank
_._

121
514
26
58
115
181
95
549
T84
170
148
252
49
5 320
8,943
264
181
122
91
120
204
308
60
118
134
45
588
372
120
72
48
60
131
126
340
99
243
120
109
329
377
53
231
75
621
121
63
64
142

2
193
2
1
2
54
28
124
143
2
7
37
2
2 965
5, 084
3
4
1
45
2
83
417
1
8
4

116
842
47
91
60
284
271
736
932
196
138
348
63
10 935
14,332
203
246
120
115
109
334
844
74
144
80
46
1,063
248
169
39
67
76
136
90
469
169
191
84
131
548
291
44
297
66
779
130
63
67

25
125
25
25
50
50
25
100
100
40
50
50
25
1,000
2,000
100
50
25
30
25
50
100
25
50
35
25
63
100
35
35
25
25
30
25
75
25
38
30
50
75
75
25
60
25
100
60
35
25
30

12
11
6

_ .

DISTRICT NO. 11
LOUISIANA

(See also District No. 6)
Shreveport—Continental-American Bank & Trust
Co
NEW MEXICO

(See also District No. 10)
Deming—Mimbres Vallev Bank
OKLAHOMA

(Fee also District No. 10)
Valiiant—Farmers State-Guaranty Bank__
TEXAS




358
26
3
4
2
17
2
2
124
13
2
5
5
31
7
5
23
6
152
2
1
4

7

103

7
21
25
30
100
30
5
25
3
500
200
50
20
15
35
22
15
1
30
9
13
63
25
15
5
6
10
80
15
25
20
8
9
27
13
50
3
25

254

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
[In millions of dollars]
Investments

Capital

Surplus

DISTRICT NO. 11—Continued
TEXAS—continued
Roby—First State Bank
Rochester—First State Bank
Royse City—First State Bank
Rusk—Farmers & Merchants State Bank & Trust
Co
Shiro—Farmers State Bank
Sinton—Commercial State Bank
Slaton— First State Bank
Spearman—First State Bank
Stamford—Stamford State Bank
Sweetwater—Texas Bank & Trust Co
Taft—First State Bank
Tahoka—Security State Bank
Wellington—Wellington State Bank
Wharton—Security Bank & Trust Co
Wharton Bank & Trust Co

7

118
70

15
2
20

91
72
142

40
25
50

134

25
1
43
3
110
45
2
3
249
166

225
55
457
87
259
256
621
88
43
197
656
826

50
25
50
40
25
50
150
50
25
50
50
100

50
100

75
4,732

148
10, 268

25
1,050

10
550

706
457
147
2,246
8,837

1,011
1,131
740
11,314
27, 447

100
75
110
1,000
5,000

25
104
35
250
2,000

3, 523
75. 817
3,071
150, 574

300
10,000
1. 500
1.000
9,000

150
10,000
2,250
175
5,000

97
896
19
132
57
909
72
136
169
1,796
39
188
381

140
•4, 276
119
468
133
2,853
164
342
355
3,191
90
520
1,257

35
150
25
50
25
150
25
40
25
100
25
25
100

8
100
5
25
7
75
5
20
13
50
5
13
20

345
124
70
106

019
545
193
460
228
276
755
639
131
773
378
1,115
175
324
465
118
172
229
574

50
25
25
50
50
100
100
30
25
125
100
100
25
50
50
25
25
55
50

25
25

411
96
107
205
431
130
36
133
244
388

6
5
15
50
1
7
18
70

DISTRICT NO. 12

Buckeye—Buckeye Valley Bank

83

Phoenix—Valley Bank & Trust Co

3,780

CALIFORNIA
Chico—Peoples Savings & Commercial Bank
373
Downey—Los Nitas Valley Bank
755
Kingsburg—Kingsburg Bank
418
Long Beach—Farmers & Merchants Bank
7,618
Los Angeles—Union Bank & Trust Co
19,117
Pasadena—Citizens Commercial Trust & Savings
Bank
1,785
San Francisco—American Trust Co
127,038
Anglo-California Trust Co
43, 690
Bank of Montreal (San Francisco). _ _
3,674
Wells Fargo Bank & Union Trust Co.
66,564
IDAHO
Arco—Butte County Bank
Boise—First Security Bank
Eagle—Bank of Eagle
Grangeville—Bank of Camas Prairie
Hazleton—Hazleton State Bank
Idaho Falls—Anderson Brothers Bank
Kimberly—Bank of Kimberly
Malad City—J. N . Ireland & Co., Bankers
Orofino—Bank of Orofino
Pocatello-—First Security Bank
Richfield—First State Bank
Soda Springs—Largilliere Company Bankers
Twin Falls—Twin Falls Bank & Trust Co

68
2, 282
116
305
104
1,431
119
206
142
966

._.
j

298
730

Albany—Albany State Bank
.
i
Beaverton—Bank of Beaverton
s
Central Point—Central Point State Bank
|
Dallas—Dallas City Bank
i
Enterprise—Enterprise State Bank
|
Fossil—Steiwer & Carpenter Bank
I
Grants Pass—Grants Pass & Josephine Bank..
!
Gresham—First State Bank
!
Haines—Bank of Haines
Hood River—Butler Banking Co
Marshfield—Bank of Southwestern Oregon
Medford—Jackson County Bank
Myrtle Point—Bank of Myrtle Point.
North Portland—Live Stock State Bank
Oakland—E. G. Young & Co. Bank
Reedsport—First Bank of Reedsport
Shaniko—Eastern Oregon Banking Co
Wasco—Bank of Commerce
_.
Woodburn.—Bank of Woodburn
__,
^_,.-|

529
406
108
301
194
325
351
88
78
587
175
675
74
213
177
50
170
303
298

1,641
75, 201
23, 734
35
74, 219

220,

309

OREGON




69
63

369
507
34
88
261
34.8
91
94
245
48
69
17
248

4

20
10
12
50
25
3
25
20
20
9
8
15
5
15
11
10

255

STATE BANK MEMBERSHIP
[In thousands of dollarsj
Loans

Investments

Total
deposits

Capital

42
49
19
133
14
436
938

50
25
25
50
50
100
300
50
50
50
100
100
50
25
250
300
1,500
50

55
35
13
50
100
50
100
10
GO
70
50
100
50
100
200
150
675
50
19

Surplus

DISTRICT NO. 12—Continued
Ephraim—Bank of Ephraim
Fountain Green—Bank of Fountain Green
Gunnison—Gunnison Valley Bank
Helper—Helper State Bank
Kaysville—Barnes Banking Co
Logan—Cache Valley Banking Co
Ogden—Commercial Security Bank
Payson—State Bank of Payson
Price—Carbon County Bank.
Price Commercial & Savings Bank
Provo—Farmers & Merchants Bank
First Security Bank
Richfield—James M. Peterson Bank
Salina—First State Bank
Salt Lake City—Tracy Loan & Trust Co
Utah Savings & Trust Co
Walker Bank & Trust Co
Spanish Fork—Commercial Bank
Vernal—Bank of Vernal

464
198
221
546
496
916
2,075
256
316
473
659
640
504
673
779
1,079
9,370
502
229

212
184
281
25
9
309
739
7,510
27
36

386
150
238
804
377
1,418
3,764
243
348
680
723
1,103
380
650
993
1,740
20,106
518
166

139
70
1,137

20
16
522

105
39
1,740

50
25
150

10
2
100

390
47
295
429
548
126
294
85
474
454
291
217
96
140
167
236
4,970
212
157
7,479
1,290
376
121
108
1,183
991
1,041
989
309
1,346

87
26
65
396
637
199
62
6
160
194
228
274
131
55
43
15
3,939
88
413
1, 615
401
189
156
50
131
432
398
365
89
755

501
57
272
919
1,101
285
332
69
662
683
522
515
208
173
187
158
10, 808
324
565
10, 711
1,805
553
296
145
1,347
1,371
1,326
1,168
386
1,948

75
25
50
100
100
30
60
25
50
50
50
50
25
25
25
40
600
30
50
1,000
200
45
25
25
100
200
100
100
50
275

~~20
50
50
30
20
4
150
25
15
14
15
3
10
12
200
6
30
250
100
16
15
5
50
31
60
40
10
55

WASHINGTON

Almira—Almira State Bank
Buena—Buena State Bank
_
Chehalis—Coffman-Dobson Bank & Trust Co
Colfax—First Savings & Trust Bank of Whitman
County
Coulee City—Security State Bank
Davenport—Lincoln County State Bank
Ellensburg—Farmers Bank
Hoquiam—Bank of Hoquiam
Kelso—Cowlitz Valley Bank
La Crosse—First State Bank
Pine City—Pine City State Bank
Pomeroy—Pomeroy State Bank
Pullman—Pullman State Bank
Puyallup—Citizens State Bank
Puyallup State Bank
Ritzville—Ritzville State Bank
Rockford—Farmers & Merchants Bank
Rosalia—Bank of Rosalia
St. John—Farmers State Bank
Seattle—Peoples Bank & Trust C o . . .
Selah—Selah State Bank
South Bend—Pacific State Bank
Spokane—Spokane & Eastern Trust Co
Washington Trust Co
Tekoa—Tekoa State Bank
Toppenish—Traders Bank
Uniontown—Farmers S tate B ank
Walla Walla—Peoples State Bank
Union Bank & Trust Co
Wenatchee—Columbia Valley Bank
Commercial Bank & Trust Co
Wilbur—State Bank of Wilbur
Yakima—Yakima Valley Bank & Trust Co




10

256

AHETTJAL REPORT OF THE FEDERAL RESERVE BOARD

STATE BANK MEMBERS—SUMMARY CLASSIFICATION ACCORDING TO CAPITAL
STOCK, DECEMBER 31, 1931

1

000,
to
999,

i

$100,100
$199,900

©

0,100
$99,900

State

$25,100 to
$49,900

Number of banks with a capital stock o—
f

New England:
Maine
New Hampshire.
Massachusetts-_.
Rhode Island
Connecticut
Middle Atlantic:
New York.
New Jersey.Pennsylvania
East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin

10
47
9
47
107
14

West North Central:
Minnesota
Iowa
Missouri
South Dakota
Nebraska
Kansas

25

South Atlantic:
Delaware
Maryland
Virginia
West Virginia.-._
North Carolina-.
South Carolina...
Georgia
Florida
East South Central:
Kentucky
Tennessee
Alabama
Mississippi

1 j.
2

West South Central:
Arkansas
Louisiana
Oklahoma
Texas

12

Mountain:
Montana
Idaho
Wyoming
Colorado
New Mexico.
Arizona
Utah
_
Pacific:
Washington..
Oregon
California
Total.
1

5
4
1

878

114

57

126

47

121

1
52

151

Includes 1 bank in Minnesota with capital of $20,000 and deposits of $513,000.




73

98

257

STATE BANK MEMBEESHIP
STATE

BANK

MEMBERS—SUMMARY

CLASSIFICATION ACCORDING TO CAPITAL

STOCK, DECEMBER 31, 1931—Continued

[In thousands of dollars]
Aggregate capital of banks with a capital stock of—
State

-3

New England:
200
Maine
75
New Hampshire _.
24,130
Massachusetts
10,200
Rhode Island
2,800
Connecticut

200
75

Middle Atlantic:
New York
New Jersey
Pennsylvania

375,960
41,533
62,978

East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin

75,592
3,765
108,670
21,605
4,225

150
500

West North Central:
250
Minnesota
3,201
Iowa
34,200
Missouri
350
South Dakota— —
105
Nebraska
505
Kansas

70
50
100
75
25

South Atlantic:
Delaware
Maryland
Virginia
West Virginia
North Carolina
South Carolina
Georgia
Florida

8,621
9,875
7,700
3,150
4,900
400
5,825
280

East South Central:
Kentucky
Tennessee
Alabama
Mississippi

3,800
3,305
2,050
200

West South Central:
Arkansas
Louisiana
Oklahoma
Texas

2,295
11,075
75
6,051

30

25
225

65

400
50
200

450 5,450
137 1,500
75 1,100
425 5,025
135
2,615 7,349

450
50
350
430 1,100
50
95

135
600
75
140
800
715 1,700
155
200

30
166
130

135

100
200

75

25
150

50
350
250
100
50
50

50
100
100
50

100

75
75
215

100
200
200
200
100
600
200

100

25

35

25
500

418

125
150
75

Pacific:
Washington..
Oregon
California

3,805
1,060
28,085

200
150

Total.

881,076

2,845

700
580 11, 050 60,877
800 1,300 1,500
530 1,500 4,600 5,600 95,0C0
410 2,550 3,450 10,750
125
600
500 2,500

700
600
120 5,650 2,000
125

1,350
750 1,000
150

200

150
50
50
750

100

8,621
3,500
6,000
1,000
4,700

200
530 2,050

2,000

400 1,250
200
200
500
200

700

275

500
200

150
50
50

3,500

6,075

300

450

600
1,000

50

"466"
145
30

2,000
3,000
1,000

3,000

75
30

6,250

750 1,100 I
1,450

408

1,000
3,150 22,000

200

60

300

400
300

135
55
75

500
400
100

1,944 6,300

3,300 12,100

1,050
1,500

850
150
125
110

675

"366"

600

1,000
3,500

24,000

7,035 J38,979 43,976 177,455 587,142

1 Includes 1 bank in Minnesota with capital of $20,000 and deposits of $513,000.




24,000 335,350
22,491 6,667
25,963 20,923

975

150
50

1,825
775
165
1,075
80
1,075
3,185

8,643
5,700
5,703

5,000
5,000

100

40

35

Mountain:
Montana
Idaho
Wyoming
C olorado
New Mexico
Arizona
Utah

16,480
5,000
2,600

2,550
200
200

100

258

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

STATE BANK

MEMBERS-—SUMMARY CLASSIFICATION ACCORDING TO CAPITAL
STOCK, DECEMBER 31, 1931—Continued
fin thousands of dollars]
Total deposits of banks with a capital stock o—
f
S

State

8

8.S
New England:
Maine
New Hampshire.
Massachusetts..
Rhode Island...
Connecticut
Middle Atlantic:
New York
New Jersey
Pennsylvania...
East North Central:
Ohio
Indiana
Illinois
Michigan
Wisconsin

5,002
1,129
242, 58;
243, 288
32,154

5,571
91, 948

331, 564 4. 686,148
I,
277, 592 150, 765
427, 356 354,129

731 10,474 15, 549 2,829
943, 547 2,741
4,789 1,586
457
299
6,670 9,545
44, 546
555
1,179,124
3, 039 1,110 6, 685 4,297 11, 479 44, 599
299, 625 8,259 5,026 17, 259i 11, 002 22,184 5,002 40, 449 34,2611
907 2,146 3,225 1, 331 9, 708 4,919
59, 42f
915

131, 327 765, 521
27,020
100, 049 1, 006, 874
150,183
36,278

170

South Atlantic:
Delaware
Maryland
Virginia
West Virginia._.
North Carolina.
South Carolina..
Georgia
__.
Florida—

44,803
104,488
55, 603
33, 266
66, 256
4,824
29, 250
2,489

East South Central:
Kentucky
_.
Tennessee
Alabama
Mississippi

34, 630
28, 460
20,446
995

Total-

187, 678
148, 589
30, 802

47, r
2,751
1,352

246 5,597 2,159 25, 837 5,271 69, 916 128,
841 12, 598 6,830 64, 021 57, 241
249
431 1,891
961
21, oo: 82, 240 38, 714

2,519
35, 426
377, 560
4, 267
839
3,556

Pacific:
WashingtonOregon
California

2,162

5, 255,428
570,137

West North Central:
Minnesota
Iowa
Missouri
South Dakota._.
Nebraska
Kansas

West South Central:
Arkansas
Louisiana
OklahomaTexas
Mountain:
Montana
Idaho
Wyoming
Colorado
New Mexico .
Arizona
Utah—

5,002
1,129

26, 359
132, 082
373
41,101
28,121
13, 908
1,308
14,945
707
10, 416
34, 787
41,281
8,469
494, 937

147
1965
261
257 1,288 4,244j 2,045
934
910 3,001!
779
773
~238 " 1 6 4
437
248
461

6,364
252 56,113 26,491

575 1,008

399
503

"iii
77
156

460
278

801
371

902

8,703
7,020 10, 523

1,845
1,359
764
2,098
1, 962

3,134
1,813 11, 305

953
551L

146

210 1,869
531
131
242
1,945 1,354 3,706 2,798
641
1,381
839

482

44,
41,
44,
12,
64,

803
929
951
956
897

836

2,417 11, 080
618
557 """781
995

60, 814

20,180
26, 754
17,146

CO, 549

53, 219

4,508 1,46.;
7,123
4,448 7,129

789
468
400

255,123

11,464

7,375 15,114
17, 783

841

247
375|.

6, 73!
28, 391

1, 264

1,414

331

90
51

1,146
4, 610
6,344
1,747

4,481

6,497

10,268
20,106

5,124 10,808

10, 711

3,523

90, 202

15,087

376
218
148
1,038

3,736

"166

3,244

1,174 1,3201 3,710
1,334
639 2,970

833
229
1,131

5,861
2,524
1,011

1,740
773
740

398, 330

11, 501, 357 25, 566 14, 542,64,998 34,063 141, 933 68,538 462,124 469,406 2, 391, 745 7,828,442

i Includes 1 bank in Minnesota with capital of $20,000 and deposits of $513,000.




259

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

FIDUCIARY POWERS GRANTED TO NATIONAL BANKS
Under section ll(k) of the Federal reserve act as amended, the
Federal Reserve Board has authorized the national banks listed
below to exercise one or more fiduciary powers as follows:
(1) Trustee.
(2) Executor.
(3) Administrator.
(4) Registrar of stocks and bonds.
(5) Guardian of estates.
(6) Assignee.
(7) Receiver.
(8) Committee of estates of lunatics.
(9) Any other fiduciary capacity in which State banks, trust companies, or other corporations which come into competition
with national banks are permitted to act under the laws of
the State in which the national bank is located.
The numerals opposite the name of each bank, which refer to the
list given above, indicate the power or powers it is authorized to
exercise.
Powers
granted
DISTRICT NO. 1—Continued

DISTRICT NO. 1

CONNECTICUT—continued

CONNECTICUT

(See also District No. 2)
Ansonia—Ansonia National Bank
Canaan—Canaan National Bank
Derby—Birmingham National BankH art ford—~"
Capitol National Bank & Trust
Co.
First National Bank
Hartford National Bank & Trust

Co.
Meriden—Home National B ank
Middletown—
Central National Bank
First National Bank
Middletown National Bank &
Trust Co.
Mystic—Mystic River National
Bank.
Naugatuck—Naugatuck
National
Bank.
New Britain—
City National Bank
New Britain National Bank
New Haven—
First National Bank & Trust Co.
MerchantB National Bank..,
National Tradesmen^ Bank &
Trust Co.
New Haven Bank, N. B. A——
Second National Bank
New LondonNational Bank of Commerce
National Whaling Bank
New London City National Bank
New Milford—First National BankNorwich—Uncas-Merchants National
Bank.
Putnam—Citizens National Bank
Rockville—Rockviile National Bank.
Torrington—Torrington
National
Bank & Trust Co.
Wallingford—First National Bank...
Waterbury—
Citizens and Manufacturer* National Bank.
Waterbury National Bank



Powers
granted

Ito9.
Ito9.
Ito9.
Ito9.
Ito9,
Ito9.
I to 9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.

Willimantic—Windham
National Ito9.
Bank.
Winsted—Hurlbut National B a n k . . . Ito9.
MAINS

Auburn—National Shoe & Leather
Bank.
Augusta—First
National
Granite
Bank.
Bangor—
Merchants National Bank___
Bar Harbor—First National Bank
BathBath National Bank...,
First National Bank
Belfast—City National Bank
._.
Biddeford—First National Bank of

1 to 9.
Ito4.
Ito8.
Ito8.
Ito8.
Ito9.
Camden—Camden National Bank
Ito9.
Damarlscotta—First National Bank 1,2,3,5, and
6.
of Damariscotta.
Ellsworth—Liberty National B a n k . . Ito9.

1 to 8.
Farmington—
1 to 9.
First National Bank
Peoples National Bank
1 to 8.
Fort Fairfield—Fort Fairfield NaIto8.
tional bank.
1 to 9.
Fort Kent—First National Bank
i Houlton—First National Bank
itoS.
Lewiston—
1 to 9.
!
First National Bank
1
Manufacturers National B a n k . . .
Ito9.
Pittsfieid—Pittsfieid National Bank .
Ito9.
1, % 3, 5, 7, P o r t l a n d 8, and 9.
Canal National Bank
First National Bank
Ito9.
Portland National Bank
„_.
Ito8.
Rockland—Rockland National Bank.
Rumford—Rumford National Bank..
1 to 9.
Saco—York National B a n k . .
Ilo9.
Skowhegan—First National Bank
Ito9.
1 t o %.

Ito9.
ltofl

1 to 7.
Ito9.

1 to 9.
1 to 3, and 5.
Ito9.
1 to 3, 5 to 9.
1 to 5, and 9.
Ito9.
1 to 5, and 9.
Ito9.

Ito9.
1, 2, and 4.
Ito9.
Ito9.
Ito9.
Ito9.
1 to 9.
National Ito9.

Springvale—Springvale
Bank,
Thorn aston—Thomaston
National
Bank.
Van Buren—-First National Bank

1 to 3, 5. 8
and 9
Ho3,5to7,
and 9.

260

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
Powers
granted

Powers
granted
DISTRICT N O . 1—Continued
11 AIN E—continued

DISTRICT NO. 1—Continued
MASSACHUSETTS—continued

Waldoboro—Medomak National Bank. 1 to 3, 5 to 7, Nantucket—Pacific National Bank... 1 to 9.
Need ham—Needham National Bank. 1 to 9.
and 9.
! New Bedford—
Waterville—Peoples Tieonie Na- 1 to 9.
1 to 9.
|
First National Bank._
tional Bank.
1 to 9.
i
Merchants National Bank
1 to 9.
I
Safe Deposit National Bank
MASSACHUSETTS
j Newburyport—
First and Ocean National Bank.. I to 9.
Abington—Abington National Bank !.
Merchants National Bank
_. 1 to 8.
AdamsI Newton—Newton National Bank
1 to 9.
First National Bank
1 to 8.
Graylock National Rank
1 to 7 and 9. ! North Adams—North Adams Na- 1 to 9.
j tional Bank.
Araherst-—First National Bank
1 to 9.
| North A ttleboro—Manufacturers Na- 1 to 9.
Andorer—Andover National Bank... 1 to 9.
j tional Bank.
Athol—
Athol National Bank
1 to 3, 5 to 8. Northampton—
1 to 9.
First National Bank
Millers River National Bank
l to 7 and 9. !
I
Northampton National Bank & 1 to 9.
Attleboro—First National Bank
1 to 9.
I
Trust Co.
Beverly—Beverly National Bank
1 to 9.
1 to 9.
Orange—Orange National Bank..
BostonPalmer—Palmer National Bank
1 to 9.
Atlantic National Bank
1 to 9.
Peabody—Warren National Bank
1 to 9.
First National Bank
1 to 9.
Pittsfield—
Merchants National Bank
1 to 9.
1 to 9.
Agricultural National Bank
National Rockland B a n k . .
_ 1 to 9.
Pittsfield-Third National Bank 1 to 7 and 9.
National Shawm at Bank
„. 1 to 9.
& Trust Co.
Second National Bank
1 to 9.
PlymouthWebster & Atlas National Bank. 1 to 9.
Old Colony National Bank
1 to 5.
BrocktonBrockton National Bank
._. 1 to 9.
Plymouth National Bank
1 to 4.
Provincetown—First National Bank,! 1 to 9.
Home National Bank
1 to 9.
Quincy—National Mount Wollaston 1 to 9.
Cohasset—Cohasset National Bonk.. 1 to 9.
Dedham—Dednam National Bank... 1 to 9.
Bank: of Quincy.
Edgartown—-Edgartown
National | 1 to 3.
Salem—Merchants National B a n k . . . 1 to 9.
Bank.
Shelburne Falls-—Shelburne Falls
1 to 7 and 9
National Bank.
Everett—Everett National Bank
1 to 9.
Somerville—Somerville National
Fall R i v e r Ito9.
Bank.
Fall River National Bank
1 to 9.
Southbridge—Southbridge National
Falmouth—Falmouth National Bank 1 to 9.
1 to 9.
Bank.
Fitchburg—Safety Fund National | 1 to 9.
Springfield—
Bank.
Springfield National Bank
1 to 9.
Foxboro—Foxboro National Bank___ 1 to 9.
Third National Bank & Trust Co. 1 to 9.
Framingham—Framingharn National 1 to 9.
Tisbury—Martha's Vineyard Na- 1 to 8.
Bank.
tional Bank.
Gardner—First National Bank
1 to 9.
Gloucester—Cape Ann .National j 1 to 9.
Townsend—TownsendNational Bank 1 to 3.
Turners Falls—Crocker National 1 to 7 and 9.
Bank
|
Bank.
Great Barrington—National Ma- ! 1 to 9.
Uxbridge—Blackstone National Bank 1 to 4,
haiwe Bank.
!
Waltham—Waltham National Bank.. 1 to 7 and 9.
Greenfield—First National Bank & 1 to 9.
Wareham—National Bank of Ware- 1 to 9.
Trust Co.
i
ham.
Haverhill—
Essex National Bank
1 to 7 and 9. Watertown—Union Market National 1 to 9.
First National Bank
1 to 4.
Bank.
Haverhill National Bank
1 to 9.
Webster—First National Bank
, 1 to 9.
MerrimacK National Bank
I 1 to 4.
W ellesley—Wellesley National Bank. 1 to 9.
Holyoke—Holyoke National Bank j 1 to 9.
West fieldHudson—Hudson National Bank
I 1 to 9.
First National Bank
1 to 8.
Ipswich—First National Bank
! 1 to 9.
Hampden National Bank & 1 to 7 and 9.
Trust Co.
Lawrence—Bay State National Bank.i 1 to 9.
Leominster—
!
Winchendon—First National Bank . 1 to 9.
Leorainster National Bank
j 1 to 4.
Winchester— Winchester
National 1 to 9.
Merchants National Bankj 1 to 7 and 9.
Bank.
Lowell—
Woburn—Woburn National Bank.... 1, 2, 3, 6, 7,
Apple ton National Bank
__. I to 9.
and 9.
WorcesterUnion Old Lowell National Bank. 1 to 9.
Lynn—
!
Mechanics National Bank
1 to 9.
Central National Bank
1 to 8.
Worcester County National Bank 1 to 9.
Manufacturers National Bank
1 to 9.
Yarmouthport—First National Bank 1 to 9.
National City B a n k . . . . — . .
1 to 5 and 7.
of Yarmouth.
Maiden—
i
First National Bank
1 to 9.
NEW HAMPSHIRE
Second National Bank.—
1 to 9.
BerlinMarblehead—National Grand Bank. 1 to 9.
1 , 2 , 4 , f>,
Berlin National Bank
Marlboroand 7.
First National Bank
1 to 4.
City National Bank
„
1.
Peoples National Bank
1 to 9
Clareinont—
Medford—First National Bank
1,2,3, and 5.
Claremont National Bank..
1 to 4.
Methuen—Methuen National Bank. 1 to 8.
Peoples National Bank
1.
Miiford—
ConcordHome National Bank
„
__ 1 to 4.
First National Bank
_
1 to 9.
Miiford National Bank & Trust 1 to 9.
Mechanicks National Bank
..! 1, 2, and 4.
J
Co.
National State Capital Bank
1, 2, and 4.




261

FIDUCIARY POWERS
Powers
granted
DISTRICT NO. 1—Continued

DISTRICT NO. 1—Continued

VERMONT—continued

NEW HAMPSHIRE—continued
Derry—Derry National Bank
DoverMerchants National Bank
Strafford National Bank
Exeter—Rockingham National Bank.
Franklin—Franklin National Bank__
Hanover—Dartmouth National Bank
Keene—
Ashuelot-Citizens National Bank.
Keene National Bank
Laconia—
Laconia National Bank
._
Peoples National Bank.__
_.
Lancaster—Lancaster National Bank.
Lebanon—National Bank of Lebanon.
Manchester—
Amoskeag National Bank
Manchester National Bank
Merchants National Bank
Milford—Souhegan National Bank

Powers
granted

1.

1 to 3.
1 to 4.
1, 2, and 4.
1.

1,2,4, and 9.
1 and 4.
1 to 4.
1, 2, and 4.
1 and 4.
1,2,4, and 9.
1, 2, 4, 6, 7,
and 9.
1, 2, and 4.
1.
1, 4, and 9.
1 and 4.

Newport—National Bank of Newport
Northfield—Northfield National
Bank.
Poultney—Citizens National Bank...
RutlandCentral National Bank
Clement National Bank
Rutland County National Bank.
St. Albans—Welden National Bank..
St. Johnsbury—
First National Bank
Merchants National Bank
Springfield—First National Bank
Windsor—State National Bank

1 to 7 and 9.
1 to 9.
1 to 4.
1 to 7 and 9.
1 to 3,5 to 7.
1 to 9.
1 to 4.
1 to 6 and 9.
Ito8.
Ito5.
Ito3, 5to7.

DISTRICT NO. 2
CONNECTICUT

(See also District No. 1)
Bridgeport—First National Bank &

1 to 4, 6, 7, Danbury—
City National Bank & Trust Co.
and 9.
Danbury National Bank
Second National Bank
1, 2f and 4.
Newport—Citizens National Bank... 1, 2, 4, 6, 7, Greenwich—First National Bank in._
New Canaan—First National Bank
and 9.
& Trust Co.
Peterboro—First National Bank
1, 4, and 9.
. Norwalk—National Bank of Norwalk
Plymouth—Pemigewasset National 1 and 4,
Ridgefield—First National Bank &
Bank.
Trust Co.
PortsmouthFirst National Bank...
1, 2, 4, 6, 7, South Norwalk—City National BankStamford—
and 9.
First Stamford National Bank &
New Hampshire National Bank.. 1 and 9.
Trust Co.
Rochester—Public National Bank... 1, 2, 4, 6, 7,
Peoples National Bank
and 9.
Tilton—Citizen's National Bank
1 and 2.
NEW JERSEY
Wilton—Wilton National Bank
1, % 4, 6, 7,
and 9.
(See also District No. 3)
Wolfe boro—Wolfeboro National Bank 1 and 4.
Allendale—First National Bank
RHODE ISLAND
Allenhurst—Allenhurst N a t i o n a l
Bank & Trust Co.
Newport—
Allentown—Farmers National Bank.
Aquidneck National Exchange Ito9.
Asbury Park—Asbury Park National
Bank & Savings Co.
Bank & Trust Co.
1 to 9.
Newport National Bank
Atlantic Highlands—Atlantic HighProvidence—
lands National Bank.
Blackstone Canal National Bank. 1 to 9.
Bayonne—Mechanics' National Bank.
National Bank of Commerce & Ito9.
Belleville—Peoples National Bank &
Trust Co.
Trust Co.
Providence National Bank
_ Ito9.
Bergenfield—Bergenfield
National
Bank & Trust Co.
VERMONT
Bernardsville—Bernardsville National Bank.
Barre—Peoples National Bank..
Ito9.
Boonton—Boonton National Bank...
Bellows Falls—National Bank of Bel- Ito9.
Boundbrook—First National Bank...
lows Falls.
Butler—First National Bank
Bennington—
Caldwell—
County National Bank
Ito9.
Caldwell National Bank
First National Bank
Ito9.
Citizens National Bank & Trust
Bethel—National White River Bank. Ito9.
Co.
Brandon—First National Bank
Ito4.
Carlstadt—Carlstadt National Bank.
Brattle boro—Vermont Peoples Na- 1 to 9.
Carteret—First National Bank
tional Bank.
CliftonBurlington—Howard National Bank Ito8.
Clifton National Bank
& Trust Co.
First National Bank
Chelsea—National Bank of Orange 1 to 8.
County.
Closter National Bank & Trust
Chester—National Bank of Chester.. 1,2,3, and 5.
Co.
Danville—Caledonia National Bank.. Ito9.
Derby Line—National Bank of Derby Ito3,5and9. Cranbury—First National Bank
Cranford—First National Bank
Line.
Enosburg Falls—First National Bank Ito9.
Dover—National Union Bank
...
Dunellen—First National Bank
Manchester Center—Factory Point Ito9.
East Orange—First National Bank
National Bank.
Elizabeth—National State Bank
Middlebury—National Bank of Mid- Ito9.
Englewood—Citizens National Bank
dlebury.
& Trust Co.
Montpelier—
Flemington—Flemington National
First National Bank
Ito4.
Bank & Trust Co.
Montpelier National Bank
Ito9.

1 to 9.

Indian Head National Bank




1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

1 to 9.
1 to 9.

Ito9.
Ito9.
1 to 8.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
Ito9.
Ito8.
1 to 9.

Ito9.
1 to 9.

1 to 9.
Ito9.
Ito9.
1 to 9.
Ito9.
Ito9.
1 to 9.
1 to 7 and 9.
Ito9.
Ito9.

262

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
Powers
granted

Powers
granted
DISTRICT NO. 2—Continued

DISTRICT NO. 2—Continued

NEW JERSEY—continued

NEW JERSEY—continued

FreeholdCentral National Bank
._
First National Bank
Frenchtown—Union National Bank__
Qarfield—First National Bank
Glen Rock—Glen Rock National
Bank.
Hackensack—City National Bank &
Trust Co.
Hackettstown—
Hackettstown National Bank
Peoples National Bank
Hamburg—Hardyston
National
Bank.
Highland Park—First National BankHillside-Hillside National Bank
Hoboken—First National Bank
Irvington—
Irvington National Bank
Peoples National Bank & Trust

Perth Amboy—
First National Bank
Perth Amboy National Bank
Phillipsburg—
Phillipsburg National Bank &
Trust Co.
Second National Bank
Plainfield—First National Bank
Pompton Lakes—First National
Bank & Trust Co.
Prospect Park—Prospect Park National Bank.
Rahway—
Citizens National Bank
Rahway National Bank
Ramsey—First National Bank &
Trust Co.
Red B a n k Broad Street National Bank
Second National Bank & Trust

Ito9.
Ito9.
1 and 4,
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
1 to 8.
Ito9.
Ito9.
Ito4.
1 to 9.
Ito9.

Or»
L/O.

1 to 8.
1 to 9.
1 to 9.
Ito8.
Ito9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

LvO.

Ridgewood—

Jersey CityFirst National Bank
Franklin National Bank.__
Hudson County National BankJournal Square National Bank
Kearny—First National Bank &
irust oo.
Lambert ville—
Amwell National Bank
_._
Lambert ville National Bank
Little Falls—Little Falls National
Bank.
Lyndhurst—First National Bank
Madison—First National Bank
Manasquan—Manasquan National

Citizens National Bank & Trust
Ito9.
Co.
1 to 7 and 9.
First National Bank & Trust Co.
1 to 9.
Roselle—First National Bank...
ltof.
Rutherford—Rutherford
National
Ito9.

Milburn—First National Bank..
Milltown—First National Bank
Montclair—
First National Bank & Trust Co_Montclair National Bank
Morristown—
First National Bank
National Iron Bank
NewarkLincoln National Bank__
_
Mount Prospect National Bank..
National Newark & Essex Banking Co.
National State Bank.
New Jersey National Bank &
Trust Co.
South Side National Bank &
Trust Co.
Union National Bank
New BrunswickNational Bank of New Jersey
Peoples National Bank
...
Newton—Sussex & Merchants National Bank.
Nutley—
First National Bank
Franklin National Bank
Orange—
Orange National Bank
Second National Bank
Palisades Park—Palisades Park National Bank & Trust Co.
Passaic—Passaic National Bank &
Trust Co.
Pater sonFirst National Bank
Labor National Bank
National Bank of America
Paterson National Bank
Second National Bank

1 to 9.
Ito9*
1 to 9.
Ito9.

Ito9.
Ito9.
Ito9.
1 to 9.
1 to 9.
Ito9.

x>anK.
"Ranlr
Metuchen—Metuchen National Bank_ 1 to 9.




1 to 9.
Ito9.

1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
Ito9.
Ito9.
I to 9.
Ito9.
Ito9.
Ito8.
1 to 9.
Ito9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
Ito9.
1 to 9.

1 to 9.

Ito9.
1 to 9.
1 to 9.
Bank.
1 to 8.
Sayreville—First National Bank
Soinerville—Second National Bank.. 1 to 4.
South Amboy—First National Bank. 1 to 9.
South River—First National B a n k . . . 1 to 9.
Summit—First National Bank & 1 to 9.
Trust Co.
Sussex—Farmers National Bank
Tenafly—Northern Valley National

Union City—First National Bank
Washington—First National Bank...
Weehawken—Hamilton
National
Westfieid—National Bank of Westfield.
West New York—First National
Bank.
West Orange—First National Bank.
Westwood—First National Bank

1 to 5.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

NEW YORK

Adams—Farmers National Bank
AlbanyNational Commercial Bank &
Trust Co.
New York State National Bank..
Amityville—First National Bank &
Trust Co.
AmsterdamAmsterdam City National Bank.
Farmers National Bank
First National Bank
_
Auburn—Auburn-Cayifea National
Bank & Trust Co.
Babylon—Babylon National Bank
& Trust Co.
x$ BIG win—

Baldwin National Bank & Trust
Co.
Sunrise National Bank & Trust
Co.

1 to 9
1 to 8.
1 to 9.
1 to 6.
1 to 3, 5 to 8
1 to 9.
1 to 9.
1 to 9.

1 to 9.
1 to 9.
Ito9.

Baldwinsville—First National Bank Ito9.
& Trust Co.
Ballston Spa—Ballston Spa National Ito9.
Bank.
Batavia—First National Bank
1 to 9.
Bath—Bath National Bank
1 to 9.
Bay Shore—First National Bank & 1 to 9.
Trust Co.

263

FIDUCIARY POWERS

Powers
granted

Powers
granted
DISTRICT NO. 2—Continued

DISTRICT NO. 2—Continued

NEW YORK—continued

NEW YOEK-—continued
Beacon—
Fishkill National Bank
_,__>
Matteawan National Bank of
Beacon.
Binghamton—
City National Bank
First National Bank
Bridgehampton—Bridgehampton
National Bank.
Bronxville—Gramatan N a t i o n a l
Bank & Trust Co.
Callicoon—Callicoon National Bank.
Camden—First National Bank &
Trust Co.
Canajoharie—
Canajoharie National Bank
National Spraker Bank
Canandaigua—Canandaigua
National Bank & Trust Co.
Canton—
First National Bank
St. Lawrence County National
Bank.
Carmel—Putnam County National
Bank.
Carthage National Bank
National Exchange Bank & Trust
Co.
Catskill—Catskill National Bank &
Trust Co.
Cazenovia—Cazenovia N a t i o n a l
Bank.
Cedarhurst—Peninsula N a t i o n a l
Bank,
Central Square—First National Bank.
Central Valley—Central Valley National Bank.
Chester—Chester National Bank
Clayton—First National Exchange
Bank.
Clyde—Briggs National Bank &
Trust Co.
Cohoes—National Bank of Cohoes.-.
Cooperstown—
First National Bank
Second National Bank
Corning—First National Bank &
Trust Co.
Cortland—
National Bank of Cortland
Second National Bank & Trust
Co.
CubaCuba National Bank
First National Bank
Delhi—Delaware National Bank
Dolgeville—First National Bank
Dover Plains—Dover Plains National Bank.
DunkirkLake Shore National Bank
Merchants National Bank
East Rockaway—East Rockaway
National Bank & Trust Co.
Edwards—Edwards National Bank..
Ellenville—First National Bank &
Trust Co
Elmira—First National Bank & Trust

1 to 9.
1 to 9.

Ito9.
1 to 9.
Ito9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
Ito9.
1 to 9.

1 to 9.
Ito9.
Ito8.
Ito9.
Ito9.
Ito9.
1 to 9.
Ito9.
Ito9.
Ito9
1 to 8.
1 to 9.
1 to 8.
1 to 8.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 8.
Ito9.
4.

Ito9.
Ito9.

1 to 9.
Farmingdale—First National Bank.. Ito9.

125554—32




4.

1 to 9.
1 to 8.

1 to 9.

Ito9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 9.

Ito9.
1 to 9.
Goshen—National Bank of Orange 1 to 9.

Ito9.
1 to 3,5 to 8 County.
Granville—
Ito9.
Farmers National Bank

Fairport—Fairport National Bank &
Far Rockaway—National Bank of
Far Rockaway.
Floral Park—First National Bank
& Trust Co.
Fonda—National Mohawk River
Bank.

Fort Plain—Fort Plain National
Bank.
Frankfort—Citizens First National
Bank.
Fredonia—National Bank of Fredonia.
Freeport—
Citizens National Bank.
First National Bank & Trust Co.
Fulton—Citizens National Bank &
Trust Co.
Geneseo—Genesee Valley National
Bank & Trust Co.
Glens F a l l s First National Bank
National Bank of Glens Falls
Gloversville—
City National Bank & Trust Co..
Fulton County National Bank &

Washington County National
Bank.
Hampton Bays—Hampton Bays
National Bank.
Hancock—First National Bank
Haverstraw—National B a n k <c
f
Trust Co.
Hempstead—First National Bank
Hoosick Falls—Peoples First National
Bank.
LiOrBGIl—

Citizens National Bank & Trust
Co.
First National Bank
HudsonFarmers National Bank
First National Bank & Trust Co_
Hudson FallsPeoples National Bank
Sandv Hill National Bank
Huntington—First National Bank &
Trust Co.
Dion—
Ilion National Bank & Trust Co.
Manufacturers National Bank...
Irvington—Irvington National Bank
& Trust Co.
Islip—First National Bank
Ithaca—First National Bank
Jamestown—National
Chautauqua
County Bank.
Kenmore—First National Bank
Kingston—
First National Bank of Rondout.
National Ulster County Bank &
Trust Co.
Rondout National Bank
Stateof New York National Bank.
Lackawanna—Lackawanna National
i Bank.
Larchmont—Larchmont N a t i o n a l
Bank & Trust Co.
Liberty—Sullivan County National
Little Falls—Little Falls National
Bank.
Livonia—Stewart National Bank &
Lockport—Niagara County National
Bank & Trust Co.
Lowville—Black River National
Bank.
Lynorook—
Lynbrook National Bank &
Trust Co.

1 and 4.
Ito5.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito9.
1 to 9.
1 to 9.
lto9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 8.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
Ito9.
Ito9.
1 to 9.
Ito9.
Ito9.

264

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
Powers
granted

DISTRICT NO. 2-Continued
NEW YORK—continued
Lynbrook—Continued.
Peoples National Bank & Trust
Co.
Malone—Farmers National Bank...
Mamaroneck—First National Bank
& Trust Co.
Manhasset—First National Bank &
Trust Co.
Massena—First National Bank &
Trust Co.
Mattituck—Mattituck N a t i o n a l
Bank & Trust Co.
Merrick—First National Bank
Middletown—First Merchants National Bank & Trust Co.
Mineola—First National Bank™
Monticello—National Union Bank of
Monticello.
Morristown—Frontier National
Bank.
Mount Kiseo—Mount Kisco National Bank & Trust Co.
Mount Morris—Genesee River National Bank & Trust Co.
Mount Vernon—First National Bank.
Newburgh—
Highland Quassaick National
& Trust Co.
National Bank of Newburgh
New Rochelle—
Central National Bank
National City Bank_.
New YorkChase National Bank
Chatham & Phenix National
Bank & Trust Co.
Commercial National Bank &
Trust Co.
Dunbar National Bank
First National Bank
.
Fort Greene National Bank
Grace National Bank
Harriman National Bank &
Trust Co.
Kingsboro National Bank of
Brooklyn in New York.
Lafayette National Bank of
Brooklyn in New York.
Liberty National Bank & Trust
Co.
National City Bank_
National Exchange Bank & Trust
Co.
National Safety Bank & Trust Co.
Peoples National Bank of Brooklyn in New York.
Public National Bank & Trust
Co.
Sterling National Bank & Trust
Co.
Northport—First National Bank &
Trust Co.
Norwich—
Chenango County National Bank
& Trust Co.
National Bank & Trust Co
Nyack—Nyack National Bank
Olean—
Exchange National Bank..._
First National Bank
Oneida—Oneida Valley National
Bank.
Oneonta—
Citizens National Bank & Trust
Co.
Wilber National Bank
Ossining—First National Bank &
Trust Co.
Oswego—First & Second National
Bank & Trust Co.



DISTRICT NO. 2—Continued

1 to 9.
1 to 9.
Ito9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 9
Ito9.
4.
1 to 9.
Ito9.
Ito8.
Ito9.
Ito9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
I to 9.
1 to 9.
1 to 9.
Ito8.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.

NEW YORK—continued
Ovid—First National Bank
4.
Owego—
First National Bank...
1 to 9.
Owego National Bank
1 to 9.
Patchogue—Peoples National Bank. 1 to 9.
Pearl River—First National Bank & I to 9.
Trust Co.
Peekskill—
Peekskill National Bank & Trust 1 to 9.
Co.
Westchester County National 1 to 9.
Bank.
Pelham—Pelham National Bank
1 to 9.
Perry—First National Bank....
1 to 9.
Plattsburg—
Merchants National Bank in 1 to 9.
Plattsburg.
Plattsburg National Bank & 1 to 5, 7 to9
Trust Co.
Pleasantville—First National Bank.. 1 to 9.
Port Chester—First National Bank: 1 to 9.
& Trust Co.
Port Henry—Citizens National Bank. 1 to 9.
Port Jervis—
First National Bank
1 to 9.
National Bank & Trust Co. of 1 to 9.
Port Jervis.
Port Richmond—Staten Island Na~ 1 to 9.
tional Bank & Trust Co.
Port Washington—Port Washington 1 to 9.
National Bank <c Trust Co.
f
Potsdam—Citizens National Bank
1 to 9.
Poughkeepsie—
Fallkill National Bank & Trust 1 to 9.
Co.
Farmers & Manufacturers Na- 1 to 9.
tional Bank.
First National Bank
._ 1 to 9.
Merchants National Bank & I to 9.
Trust Co.
Red Hook—First National Bank
1,2, and 3.
Richfield Springs—First National 1 to 9.
Bank.
Riverhead—Suffolk County National 1 to 9.
Bank.
Rochester—First National Bank & 1 to 9.
Trust Co.
Rockville CenterFirst National Bank
1.
Nassau County National Bank__ 1 to 9.
Rome—Farmers National Bank & 1 to 9.
Trust Co.
Roscoe— First National Bank & 1 to 9.
Trust Co.
Roslyn—Roslyn National Bank & 1 to 9.
Trust Co.
Rye—Rye National Bank
1 to 9.
St. Johnsville—First National Bank... 1 to 9.
Salamanca—First National Bank
1 to 9.
Saranac Lake—Adirondack National 1 to 9.
Bank & Trust Co.
Saratoga Springs—Saratoga National 1 to 9.
Bank.
Saugerties—First National Bank & 1 to 9.
Trust Co.
Sayville—Oystermens National Bank 1 to 9.
Scarsdale—Scarsdale National Bank 1 to 9.
& Trust Co.
Schenectady—
I
Mohawk National Bank1 to 9.
Union National Bank
1 to 9.
Sidney—First National Bank in 1 to 9.
Sidney.
Silver Creek—Silver Creek National 1 to 9.
Bank
Skaneateles—National Bank & Trust 1 to 9.
Co.
Southampton—First National Bank. 1 to 8.
Spring Valley—First National Bank. 1 to 9.

265

FIDUCIARY POWERS

Powers
granted

Powers
granted
DISTRICT NO. 2—Continued

DISTRICT NO. 3—Continued

NEW YORK—continued
Springville—Citizens National BankStamford—National Bank of Stamford.
Suffern—Suffern National Bank &
Trust Co.
SyracuseLincoln National Bank & Trust
Co.
Merchants National Bank &
Trust Co.
Salt Springs National Bank
Tarrytown—Tarry town N a t i o n a l
Bank.
Ticonderoga—Ticonderoga National
Bank.
TroyManufacturers National Bank...
National City Bank
Union National Bank.,..,.
Tuckahoe—First National Bank &
Trust Co.
Tuxedo—Tuxedo National Bank
Utica—Oneida National Bank &
Trust Co.
Valley Stream—Valley Stream National Bank & Trust Co.
Walden—First National Bank &
Trust Co.
Walton—First National Bank &
Trust Co.
Warrensburg—Emerson N a t i o n a l
Bank.
Warsaw—Wyoming County National Bank.
Warwick—First National Bank
Watertown—
Jefferson County National Bank.
Watertown National Bank
Watervliet—National Bank of Watervliet.
Waverly—
Citizens National Bank
First National Bank
Wellsville—Citizens National Bank..
Westbury—Wheatley Hills National
Bank.
Westfield—National Bank of Westfield.
Whitehall—Merchants N a t i o n a l
Bank.
White Plains—Peoples National
Bank & Trust Co.
Yonkers—
Central National Bank
First National Bank & Trust Co.
Yonkers National Bank & Trust
Co.
DISTRICT NO. 3
DELAWARE

Delmar—First National Bank
Dover—First National Bank
Harrington—First National Bank
Laurel—Peoples National Bank
Milford—First National Bank &
Trust Co.
Seaford—First National Bank
SmyrnaFruit Growers National Bank &
Trust Co.
National Bank of Smyrna
WilmingtonCentral National Bank
Union National Bank




NEW JERSEY

1 to 9.
1 to 9.

(See also District No. 2)

Absecon—First National Bank
Atlantic C i t y Atlantic City National Bank
Chelsea-Second National Bank
& Trust Co.
1 to 9.
Audubon—Audubon National Bank.
1 to 9.
Barnegat—First National Bank
Beach Haven—Beach Haven Na1 to 9,
tional Bank & Trust Co.
1 to 3, 5 to9 Beverly—First National Bank &
Trust Co.
1 to 9.
Blackwood—First National Bank &
Trust Co.
Bordentown—First National Bank...
1 to 9.
Bridget on—•
1 to 9.
Brirlgeton National Bank......._
1 to 9.
Farmers and Merchants Na1 to 9.
tional Bank.
Burlington—Mechanics N a t i o n a l
1 to 9.
Bank.
Camden—
1 to 9.
American National Bank..
1 to 9.
First Camden National Bank &
Trust Co.
1 to 9.
Third National Bank & Trust Co.
Cape May—Merchants National
Ito9.
Bank.
Collingswood — Collingswood NaIto9.
tional Bank.
Elmer—First National Bank
...
Ito9.
Olassboro—First National Bank
Iladdonfield—Haddonfield National
Ito9.
Bank.
Hightstown—First National Bank...
Ito9.
Hopewell—Hopewell National Bank.
Ito8.
Lakewood—Peoples National Bank..
1 to 9.
Medford—Burlington County National Bank.
Millville—
1 to 9.
Mechanics N a t i o n a l B a n k &
1 to 9.
Trust Co.
1 to 9.
Millville National Bank._
1 to 9.
Mount HollyMount Holly National Bank
1 to 9.
Union National Bank & Trust
Co.
Ito9.
New Egypt—First National Bank &
Trust Co.
1 to 9.
Ocean City—
First National Bank
Ocean City National Bank
1 to 9.
Paulsboro—First National Bank &
1 to 9.
Trust Co.
1 to 9.
Pemberton—Peoples National Bank.
& Trust Co.
Penns Grove—Penns Grove National
Bank & Trust Co.
Pitman—Pitman National Bank &
Trust Co.
I Pleasantville—Pleasantville National
Ito8
I Bank.
1 to 9
Point Pleasant Beach1 to 9.
Ocean County National Bank.
Ito8.
Point Pleasant Beach National
1 to 9.
Bank & Trust Co.
Princeton—First National Bank.
Ito8.
Roebling—First National Bank &
Trust Co.
Ito9.
Salem—
City National Bank & Trust Co.
Ito9.
Salem National Bank & Trust
Co.
Ito9.
Swedesboro—§wec|ej3bQ£© National
Ito9.
Bank.
1 to 9.

1 to 9.
1 to 4.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9,
4.
Ito9.
Ito9.
1 to 9.
1 to 9.
Ito9.
Ito9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito8.
Ito9.
Ito9.
1 to 7 and 9.
1 to 9.
1 to 9.

1 to 9.
1 to 9..
1 to 9.
1 to 8.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
ltaflL

266

ANNUAL KEPOET OF THE FEDERAL RESERVE BOARD
1

Powers
granted

Powers
granted

DISTRICT NO. 3—Continued

DISTRICT NO. 3—Continued

NEW JERSEY—continued

PENNSYLVANIA—continued

Toms Biver—First National Bank..
TrentonBroad Street National Bank
First-Mechanics National Bank-.
Prospect National Bank
Ventnor City—Ventnor City National Bank.
Vineland—Vineland National Bank
& Trust Co.
Wildwood—Marine National Bank.
Woodbury—First National Bank &
Trust Co.
Woodstown—"Woodstown National
Bank & Trust Co.

Ito9.
1 to
1 to
1 to
1 to

9.
9.
9.
9.

Ito9.
1 to 9.
1 to 9.
Ito9.

PENNSYLVANIA

(See also District No. 4)
Allentown—
Allentown National Bank
Merchants Citizens National
Bank & Trust Co.
Second National Bank
Altoona—First National Bank
Ambler—First National Bank
Annville—Annville National Bank..
Ashland—The Ashland National
Bank.
Ashley—First National Bank.
Atglen—Atglen National Bank.
Avoca—First National Bank
Bangor—
First National Bank
Merchants National Bank
BedfordFarmers National Bank & Trust
p.
t_>0-

First National Bank & Bank
Bellefonte—First NationalTrust Co..
Belleville—Belleville National Bank.
BerwickBerwick National Bank
First National Bank
Berwyn—Berwyn National Bank
.
BethlehemBethlehem National Bank
First National Bank & Trust Co_
Lehigh Valley National Bank
Blossburg—Citizens National Bank
& Trust Co.
Boyertown—
Farmers National Bank & Trust
Co.
National Bank & Trust Co
Bradford—Commercial N a t i o n a l
Bank.
Bridgeport—Bridgeport N a t i o n a l
Bank.
Bristol—Farmers National Bank of
Bucks County.
Catasauqua—
Lehigh National Bank
National Bank of Catasauqua
Chambersburg—
National Bank of Chambersburg.
Valley National Bank
unesier—
Delaware County National Bank.
First National Bank
Clearfield—
Clearfield National Bank
County National Bank.Ooatesville—
National Bank of Chester ValleyNational Bank of Coatesville
ColumbiaCentral National Bank...
First Columbia National Bank..
Conshohocken—First National BankDallastown—First National Bank &
Trust Co.




Ito9.
Ito9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
Ito9.
1 to 9.
Ito3.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 3.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 8.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
1 to 9.
1
1
1
1

to
to
to
to

9.
9.
9.
9.

Danville—
Danville National Bank
First National Bank
Darby—First National Bank
_.
Doylestown—Doylestown National
Bank & Trust Co.
Du Bois—
Deposit National Bank
Du Bois National Bank
East Stroudsburg—Monroe County
National Bank & Trust Co.
Easton—
Easton National Bank
First National Bank & Trust Co.
Ebensburg—First National Bank
Edwardsville—Peoples National
Bank.
Elizabethtown—First National Bank
& Trust Co.
Emaus—Emaus National Bank
Emporium—First National Bank
Ephrata—
Ephrata National Bank..
Farmers National Bank—.
Fleetwood—First National Bank &
Trust Co.
Frackville—First National Bank &
irust L/O.
Gap—Gap National Bank & Trust Co.
Gettysburg—
First National Bank
Gettysburg National Bank
Greencastle—First National Bank
Hamburg—First National Bank &
Trust Co.
Harleysville—Harleysville National
Bank.
Harrisburg—Harrisburg National
Bank.
Hatsboro—Hatsboro National Bank._
Hatfield—Hatfield National Bank &
Trust Co.
Hazleton—
First National Bank
Hazleton National Bank
Honesdale—Honesdale
National
Bank.
Honeybrook—First National Bank...
Hummelstown—Hummelstown National Bank.
HuntingdonFirst National Bank
Union National Bank & Trust Co.
Johnstown—
First National Bank...
Moxham National Bank
Kane—First National Bank
Kennett Square—National Bank &
Trust Co. of Kennett Square.
Kutztown—Kutztown National
Bank.
Lancaster—
Conestoga National Bank
Fulton National Bank
Lancaster County National Bank.
Langhorne—Peoples National Bank

1 to 9.
1 to 9.
I to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
Ito9.
Ito9.

Ito9.
Ito9.
1 to 9.
Ito9.
1 to 9.
Ito9.
1 to 9.
Ito9.
1 to 9.
Ito9.
1 to 8.
1 to 8.
1 to 9.
1 to 9.
1 to 9.
Ito9.

1
1
1
1
oc i r u s i KJ\J.
1
Lansdale—First National Bank..
Lansdowne—National Bank of Lans- 1
downe.
LebanonFirst National Bank
Lebanon National Bank
Peoples National Bank
Lehighton—
Citizens National Bank & Trust
Co.
First National Bank
Lewisburg—
Lewisburg National Bank
Union National Bank

to 9.
to 9.
to 9.
to 9.
to 9.
to 9.

1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
Ho 9.

267

FIDUCIARY POWERS
Powers
granted
DISTRICT NO. 3—Continued

DISTRICT NO. 3—Continued

PENNSYLVANIA—continued

Lewistown—
Citizens National Bank.
Miffiin County National Bank...
Russell National Bank
Lititz—Farmers National Bank
Littlestow n—Littlestown National
Bank.
Lock Haven—First National Bank—
Luzerne—Luzerne National Bank
Mahanoy CityFirst National Bank
Union National Bank
_
Malvern—National Bank of Malvern.
Manheim—
Keystone National Bank
Manheim National Bank
Marietta—Exchange National Bank..
Mauch Chunk—Mauch Chunk National Bank.
Maytown—May town National Bank
Mechanicsburg—Second National
Bank.
Media—First National Bank
Millheim—Farmers National Bank
& Trust Co.
Milton-First Milton National Bank.
Montoursville — First National
Bank.
Montrose—First and Farmers National Bank & Trust Co.
Mount Carmel—
First National Bank
Union National Bank
Mount JoyFirst National Bank & Trust
Co.
Union National Mount Joy BankMount ville—Mountville National
Bank.
Myerstown—Myerstown National
xjanK.
"RonV
Nanticoke—
First National Bank
Miners National Bank_
Nanticoke National Bank
Nazareth—Nazareth National Bank
& i rust oo.
New Holland—Farmers National
Bank & Trust Co.
Newtown—First National Bank &
Trust Co.
New ville—First National Bank
Norristown—
Montgomery National Bank
Peoples National Bank..
Northampton—Cement National
Bank of Siegfried.
Northumberland—Northumberland
National Bank.
Oley—First National BankOrwigsburg—First National Bank
& Trust Co.
Oxford—National Bank of Oxford
Palmerton—First National Bank
Patton—First National Bank
Pen Argyl—First National Bank
PhiladelphiaCentral Penn National Bank
City National Bank & Trust Co.
Commercial National Bank &
Trust Co.
Corn Exchange National Bank
& Trust Co.
Erie National Bank
._
First National Bank
Kensington National Bank
Market Street National Bank
Mount Airy National Bank &
Trust Co.
National Bank of Germantown
& Trust Co.


p

fry ^.- 1 O J .

/""! ~

Powers
granted

PENNSYLVANIA—continued

Ito9.
Ito9.
Ito9.
Ito9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 8.
1 to 9.
1 to 9.
1 to 9.
1 to 4.
Ito9.
1 to 4.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito4.
Ito9.

Philadelphia—Continued.
National Bank of Olney in Philadelphia.
North Broad National Bank
Northeast National Bank &
Trust Co.
Northwestern National Bank &
Trust Co.
Philadelphia National Bank
Second National Bank
Sixth National Bank.
Southwestern National Bank
Tioga National Bank & Trust Co_
Tradesmens National Bank &
Trust Co.
Tulpehocken National Bank &
Trust Co.
Philipsburg—First National Bank.__
Phoenixville—
Farmers and Mechanics National Bank.
National Bank of Phoenixville
Pine Grove—Pine Grove National
Bank & Trust Co.
Pittston—First National Bank
Liberty National Bank
Plymouth—First National Bank
Port Allegany—First National Bank.
Pottstown—
Citizens National Bank & Trust
Co.
National Bank of Pottstown
National Iron Bank
Pottsville—
Merchants National Bank
Miners National Bank
Pennsylvania National Bank &
Trust Co.
Reading—
Farmers National Bank & Trust
v^O.

Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito8.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito9.
1 to 9.
Ito9.
Ito9.
1 to 9.

Penn National Bank & Trust Co. 1 to 9.
Ito9.
Reading National Bank & Trust Ito9.
Co.
1 to 9.
1 to 9.
Red Lion—
Ito9.
Farmers & Merchants National Ito9.
Bank.
Ito9.
First National Bank & Trust Co. Ito9.
Ridgway—Ridgway National Bank-. 1 to 9.
1 to 7 and 9. Sayre—First National Bank
1 to 9.
Schuylkill Haven—First National Ito9.
Ito9.
Bank & Trust Co.
Schwenksville—National Bank & 1 to 9.
1 to 9.
Trust Co.
Ito9.
Scranton—
Ito8.
First National Bank...
1 to 9.
Third National Bank & Trust Co. Ito9.
Ito9.
Union National Bank
. . . . 1 to 9.
Selinsgrove—First National Bank
Ito9
1 to 9.
Shamokin—
1 to 9.
Market Street National Bank.... Ito9.
National Bank of Shamokin
Ito9.
Ito9.
Shenandoah—Merchants National Ito9.
1 to 9.
Bank.
Ito9.
Shickshinny—First National Bank
1 to 3, 5 to 8.
1 to 9.
Shippensburg—
First National Bank
1 to 9.
1 to 9.
Peoples National Bank .
1 to 9.
Ito9.
Smethport—Grange National Bank Ito9.
Ito9.
of McKean County.
Souderton—Union National Bank & 1 to 9.
Ito9.
Trust Co.
Spring City—National Bank & Trust 1 to 9
Co.
1 to 9.
Ito9.
State CollegeIto3 f 5 to 9.
First National Bank
1 to 9.
1 to 7 and 9.
Peoples National Bank
Ito9.
Ito9.
Stroudsburg—
First National Bank
Ito9.
1 to 8.
Stroudsburg National Bank
Ito9.
Sunbury—First National Bank
Ito9.

268

ANNUAL, REPORT OF T H E FEDERAL, RESERVE BOARD
Powers
granted

Powers
granted

DISTRICT NO. 3—Continued

DISTRICT NO. 4—Continued
KENTUCKY—continued

PENNSYLVANIA—continued

Swarthmore—Swarthmore National
Bank <c Trust Go.
f
Tamaqua—First National Bank
Tamaqua National Bank
Tioga—Grange National Bank
Topton—National Bank of Topton...
Towanda—Citizens National Bank..
TyroneBlair County National Bank &
Trust Co.
First National Bank___
Watsontown— Farmers N a t i o n a l
Bank.
Waynesboro—
Citizens National Bank & Trust
Co.
First National Bank & Trust Co.
Weatherly—First National Bank
Wernersville—Wcrnersville National
Bank & Trust Co.
West Chester—
First National Bank
National Bank of Chester County
& Trust Co.
West Grove—National Bank & Trust
Co.
Wilkes-Barre—
Second National Bank
Wyoming National Bank
Williams p o r t First National Bank
Williamsport National Bank
Wrightsville—First National Bank...
YorkCentral National Bank & Trust
Co.
Drovers and Mechanics National
Bank.
First National Bank
Industrial National Bank of
West York.
Western National Bank.
|
York County National Bank
York National Bank & Trust Co.;
DISTRICT NO. 4
KENTUCKY

(See also District No. 8)

1 to 9.
1 to 9.
1 to 4.
1 to 4.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

ij
Ij
I
||
j|
[|
|
!i

1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

j
!

•

Ashland—
I
Second National Bank
|
Third National Bank
.j
Brooksvillo—First National Bank
Covington —First National Bank & j
Trust Co,
I
Cynthia na—
I
Farmers National Bank.
_.|
National Bank of Cynthiana
i
Georgetown—
;
First National Bank
!
Georgetown National Bank.
i
Ilarian—
j
Citizens National Bank
.1
Harlan National Bank
__j
Lexinston—First National Bank & j
Trust Co.
!
Ludlow—First National Bank
|
Middlesboro—National B a n k of I
Middlesboro.
i
Mount Sterling—
Montgomery National Bank....
Mount Stciling National Bank...
Traders National Bank
.
NewportAmerican National Bank
Newport National Bank




1 to 9.

1 to 5. 7 to 9.
1 to 5, 7 to 0.
1 to 5 and 8.
1 to 9.
1 to 9.
1 to 5. 7 to 9.
1 to 9.
1 to 5, 7 to 9.
1 to 9.
1 to H, 7 to 9.
1 to 9.
1 to 9.
I t o 5 , 7 to 9.
1 to 81 to 9.
1 to 5, 7 to 9.
1 to 5, 7 to 9.
1 to 5, 7 to 9.

Paintsville—
Paintsville National Bank
Second National Bank
Paris—First National Bank
Pikeville—First National Bank
Pineville—Bell National Bank...
Richmond—Madison Southern National Bank & Trust Co.
Saylersv'lle—Saylersville
National
Bank.
Somerset—
Farmers National Bank
.._„
First Nntiomil Bank
Willmmsburg—First National Bank..
Winchester—Clark County National
Bank

1 to 5,7 to 9.
1 to 8.
1 to 5. 7 to 9.
1 to 8
1 to 5, 7 to 9.
Ito9.
2 to 8.
1 to 5, 7 to 9.
1 to i).
1 to 4.
I to 5, 7 to 9.

OHIO

Alliance—Alliance First National
Ashtabula—
Farmers National Bank & Trust
Co.
National Bank of Ashtabula
AthensAthens National Bank
Bank of Athens, N. B. A
Bellaire—First National Bank.
Bradford—First National Bank
Cadiz—Union National Bank &
Trust Co.
Cambridge—Central National Bank.
r^mton—First National Bank...
Cincinnati—
Atlas National Bank
First National Bank.
Lincoln National Bank
Second Natfionnl Bank
Circleviile—First National Bank
Cleveland—
Central United National Bank...
National City Bank
_
Columbus—
City National Bank & Trust Co.
Hunting* on National Bank
Ohio National Bank..
Coshocton—
Commercial National Bank
Coshocton National Bank
DaytonMerchants National Bank &
Trust Co.
Third National Bank & Trust
Co,
Winters National Bank & Trust
Co.
East Liverpool—Fir^t National Bank
Findlay—First National Bank &
Trust Co.
Fostonn—(Jnion National Bank
Greenville—Second National Bank ...
Hamilton—
First National Bank & Trust
Co.
Second National Bank
Hillsboro—Merchants N atioual Bank..
Lancaster—Fait field National Bank..
Lebanon — Lebanon - Citizens National Bank & Trust Co.
Lorain—National Bank of Commerce.
Mansfield—Citizens National Bank
& Trust Co.
MariettaCitizens National Bank
First National Bank
Marion—National City Bank &
Trust Co.
Mount Vernon—The Knox National
Bank.

1 to 9.
1 to 9.
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9.
1,3,4, 5, and
9.
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9.
1 to
1 to
1 to
1 to
1 to

9.
7 and 9
0.
7 and 9
7 and 9

1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9.
1 tofc.
1 to 9.
1 to 7 and P.
1 to 1).
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9
1
1
1
1

to
to
to
to

9.
7 and 9.
7 and 9.
7 and 9

1 to 7 and 9.
1 to 4 and 9.
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9.
1 to 7 and 9,

269

FIDUCIARY POWERS

Powers
granted

Powers
granted
DISTRICT NO. 4—Continued

DISTRICT NO. 4—Continued

PENNSYLVANIA—continued

OHIO—continued
Newark—Park National Bank._
New Philadelphia—Citizens National
Bank.
Painesville — Painesville
National
Bank & Trust Co.
Piqua—
Citizens National Bank & Trust
Co.
Piqua National Bank & Trust
Co.
Portsmouth—
First National Bank
Security Central National Bank.
Ravpnna—Second National Bank
St. Clairsville—First National Bank..
Sandusky—Third National Exchange
Bank.
SpringfieldFirst National Bank & Trust Co..
Lagonda-Citizens National Bank.
Steuben ville—
National Exchange Bank & Trust
Co.
Peoples National Bank
.
TiffinCommercial National Bank.
Tiffin National Bank.
Toledo—First National Bank
Troy—First Troy National Bank &
Trust Co.
Urbana—Champaign National Bank.
Warren—Second National Bank
Wilmington—Clinton County National Bank & Trust Co.
Wooster—Wayne County National
Bank.
Youngstown—
Commercial National BankMahoning National Bank
Zanesyille—
Citizens National Bank in Zanesville.
First National Bank
„___
PENNSYLVANIA

(See also District No. 3)
Arnold—National Deposit Bank of
Arnold.
Beaver Falls—First National Bank..
Brookville—Jefferson County National Bank.
Butler—Butler County National
Bank & Trust Co.
Canonsburg—First National Bank...
Connells ville—National Bank &
Trust Co. of Connellsville.
Donora—First National Bank
Ellwood City—First National Bank..
ErieFirst National Bank
Marine National Bank
Second National Bank
Ford City—First National Bank &
Trust Co.
Franklin—Lamberton National Bank
Greensburg—First National Bank &
Trust Co.
GreenvilleFirst National Bank
Greenville National Bank
Grove C i t y First National Bank
,
Grove City National Bank
Knox—Clarion County National
Bank of Edenburg.
Leechburg—First National Bank




1 to 7 and 9.
1 to 7 and 9.

McKeesport—Firs t National Bank...
Meadviiie—
First National Bank
Merchants National Bank &
Ito7.
Trust Co.
Meyersdale—Citizens National Bank.
Monessen—Peoples National Bank
1 to 9.
& Trust Co .
1 to 7 and 9. New Bethlehem—First National
Bank.
New Brighton—Union National Bank
1 to 7 and 9. New CastleCitizens National Bank
1 to 7 and 9.
First National Bank of Lawrence
1' 4, and 9.
County.
1 to 7 and 9.
New Kensington—
Ito9.
First National Bank
Logan National Bank & Trust
Co.
Ito9.
! Oakmont—First National Bank
1 to 7 and 9. Oil C i t y First National Bank
1 to 7 and 9.
Oil City National Bank
Pittsburgh1 to 7 and 9.
Diamond National Bank
Duquesne National Bank
1 to 7 and 9.
Farmers' Deposit National Bank.
1 to 7 and 9.
First National Bank.
1 to 7 and 9.
Forbes National Bank
1 to 7 and 9
Mellon National Bank
National Bank of America at
1 to 7 and 9.
Pittsburgh
1 to 9.
Union National Bank
1 to 7 and 9
Punxsutawney—Punxsutawney National Bank.
Ito9.
Heynoldsville—First National Bank.
Sharon—
First National Bank..
1 to 7 and 9.
McDowell National Bank__
Ito9.
Merchants and Manufacturers
National Bank,
1 to 7 and 9.
Tarentum—First National Bank &
Trust Co.
1,4, and 9.
Titusville—Second National Bank...
Uniontown— Second National Bank..
Warren—Warren National Bank.....
vVashington—Citizens National Bank.
1 to 9.
Ito9.
1 to 9.

Ito9.
1 to 5, 7 to 9.
1 to 9.
1 to 9.
1 to 8.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito8.
Ito7.

Ito9.
Ito9.
1 to 9.
Ito9.
4 and 9.
1 to 9.
1 to 9.
I to 9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 8.
1 to 9.
Ito9.
Ito9.
1 to 9,
1 to 9.
1 to 3, 5 to
7, and 9.
1 to 5, 7 to 9,

Waynesburg—First National Bank
& Trust Co.
Zelienople—Peoples National Bank... 1 to 4.
WEST VIRGINIA

Ito9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.

(See also District No. 5)
Elm Grove—First National Bank
Sistersville—Union National Bank.. .
WheelingNational Bank of West VirginiaNational Exchange Bank

1 to 9.
1 to 9.
1 to 9.
Ito9.

DISTRICT NO. 5
DISTRICT OF COLUMBIA

WashingtonCommercial National Bank
District National Bank
.._
Federal-American National Bank
& Trust Co.
Franklin National Bank
Liberty National Bank
Lincoln National Bank
National Bank of Washington
National Metropolitan Bank
Riggs National Bank__
_
Second National Bank

Ito8.
1 to 8.
1 to 8.
Ito8.
Ito8.
Ito8.
Ito8.
Ito8.
Ito8.
Ito8.

270

ANNUAL EEPOET OP THE FEDEBAL EESEEVE BOARD
Powers
granted
DISTRICT NO. 5—Continued

DISTRICT NO. 5—Continued

SOUTH CAROLINA—continued

MARYLAND

BaltimoreFirst National Bank
_
Western National Bank
CumberlandFirst National Bank
Second National Bank
Denton—Denton National Bank
Easton—Easton National Bank
FrederickFarmers & Mechanics National
Bank.
Frederick County National Bank.
Hagerstown—
Nicodemus National Bank
Second National Bank
Pocomoke City—Citizens National
Bank.
Rising Sun—National Bank of Rising
Sun.
Rockville—Montgomery County National Bank.
Salisbury—Salisbury National Bank.
Snow Hill—First National Bank
Towson—Towson National Bank
WestminsterFarmers & Mechanics National
Bank.
First National Bank
Williamsport—Washington County
National Bank.

Ito9.
Ito9.
1
1
1
1

to 9.
to 9.
to 9.
to 9.

1 to 9.
Ito9.
1 to 9.
Ito9.
Ito9.
Ito9.
1 to 3.
Ito9.
Ito9.
1 to 9.
Ito9.
1 to 9.
Ito9.

NORTH CAROLINA

Asheboro—First National Bank
Asheville—First National Bank &
Trust Co.
CharlotteCharlotte National Bank
_.
Commercial National Bank
Merchants & Farmers National
Bank.
Union National Bank
Concord—Concord National Bank...
Durham—First National Bank
Elizabeth City—First & Citizens
National Bank.
Fayetteville—Cumberland National
Bank.
Gastonia—
Citizens National Bank
First National Bank..
._ _
Graham—National Bank of Alamance.
High Point—Commercial National
Bank.
Mooresville—First National Bank_ . .
Mount Airy—First National Bank..
Oxford—First National Bank of
Granville at Oxford.
Reidsville—First National Bank
Rocky Mount—Planters National
Bank & Trust Co.
Salisbury—First National Bank
Thomasville—First National Bank_.
Wadesboro—First National Bank
Winston-Salem—Farmers National
Bank & Trust Co.

Ito9.
I to 9.
1 to 9.
Ito9.
Ito9.
1 to 9
1 to 9
1 to 9
Ito9.
Ito9.
1 to 9.
1 to 9.
Ito9.
Ito9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.

SOUTH CAROLINA

Anderson—Carolina National Bank.
Cam den—First National Bank
Charleston—
Atlantic National Bank.
South Carolina National Bank...
Chester—Peoples National Bank
Columbia—National Loan & Exchange Bank.
Gaflney—Merchants & Planters National Bank.



Powers
granted

Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.

GreenvilleFirst National Bank..
Peoples National Bank
Holly Hill—First National Bank
Orangeburg—Edisto National Bank.,
Rock Hill—Peoples National Bank..
Spartanburg—
Central National Bank
First National Bank
Sumter—National Bank of South
Carolina.

1 to 9.
1 to 9.
1 to 3, 5 to 9
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

VIRGINIA

Abingdon—First National Bank
Alexandria National Bank...
Citizens National Bank.
First National Bank.
Appalachia—First National Bank
Bedford—Peoples National Bank
Blackstone—First National Bank
Bristol—Dominion National Bank...
Charlottesville—
National Bank & Trust Co. at
Charlottesville.
Peoples National Bank
Clifton ForgeClifton Forge National Bank
First National Bank
Covington—
Citizens National Bank
._
Covington National Bank__
Crewe—First National Bank
Culpeper—Second National Bank
DanvilleAmerican National Bank &
Trust Co.
First National Bank
Emporia—
Citizens National Bank
First National Bank
Fairfax—National Bank of Fairfax...
Fannville—
First National Bank
_
Peoples National Bank
Fredericksburg—Planters National
Bank.
Hampton—Merchants N a t i o n a l
Bank.
Harrisonburg—
First National Bank
National Bank of Harrisonburg-..
Rockingham National Bank
Leesburg—
Loudoun National Bank
Peoples National Bank
Lexington—
First National Bank
Peoples National Bank.__
Rockbridge National Bank
Lovingston—First National Bank of
Nelson County.
Lynch burgFirst National Bank___
Lynchburg National Bank &
Trust Co.
Marion—Marion National Bank
Marshall—Marshall National Bank
& Trust Co»
Martinsville—First National Bank...
Narrows—First National Bank..
Newport News—First National Bank
NorfolkNorfolk National Bank of Commerce and Trusts.
Seaboard Citizens National Bank.
Virginia National Bank.
Norton—First National Bank

1 to 9.
1 to 9.
Ito9.
1 to 9.
1.

Ito9.
Ito9.
Ito9.

1 to 9.
Ito9.
1 to 9.
1 to 6 and 9
Ito9.
Ito4.
Ito9.
Ito9.
1 to 9.
1 to 9.
ito9.
Ito9.
Ito9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
Ito9.
Ito9.
1 to 9.
Ito9.
1 to 9.
Ito9.
Ito9.
1 to 9.
Ito9.
Ito9.

271

FIDUCIARY POWERS
Powers
granted
DISTRICT NO. 5—Continued

Powers
granted
DISTRICT NO. 6

VIRGINIA—continued

ALABAMA

OrangeCitizens National Bank
National Bank of Orange
Petersburg—First National Bank &

Albertville—Albertville National
Bank.
Andalusia—Andalusia National
Bank.
Anniston—
Anniston National Bank
Commercial National Bank

1 TUbl \JO.

Phoebus—Old Point National o n a l
Portsmouth—American N a t iBank.
Bank.
Pulaski—
Peoples National Bank
Pulaski National Bank
Radford—Farmers and Merchants
National Bank.
RichmondCentral National Bank
First & Merchants National
Bank.
Roanoke—
Colonial American National Bank
First National Exchange Bank...
Rockymount—Peoples N a t i o n a l
iianK.
"Rnnlr

Salem—Farmers National Bank
Stanley—Farmers & Merchants National Bank.
Staunton—
Augusta National Bank
National Valley Bank
Staunton National Bank & Trust.
Co.
Strasburg—
First National Bank...
Massanutten National Bank
Suffolk—National Bank of Suffolk...
Warrenton—Fauquier National
Bank.
Waynesboro—First National Bank
Farmers & Merchants National
Bank & Trust Co.
Shenandoah Valley National
Bank.
Wytheville—First National Farmers
Bank.

1 to 9.
1 to 9.
1 to 9.
1 to 9.
1

1 to 9.

First National Bank
Bessemer—First National Bank in
Bessemer.
Birmingham—First National Bank..
Cullman—Leeth National Bank
Decatur—Morgan County National
Bank.
Dothan—First National Bank
Fayette—First National Bank
Florence—First National Bank
Fort Payne—First National B a n k . . .
Gadsden—
First National Bank
Gadsden National Bank
Greenville—First National Bank_._._
MobileAmerican National Bank & Trust
Co.
First National Bank
Merchants National Bank
MontgomeryAlabama National Bank
First National Bank
Oneonto—First National Bank
Opelika—
Farmers National Bank
First National Bank
Opp—First National Bank
Oxford—First National Bank
Piedmont—First National Bank
Seima—City National Bank
Sylacauga—Merchants & Planters
National Bank.
Talladega—
Isbell National Bank

1 to 9.

Talladega National Bank
Troy—First Farmers & Merchants
National Bank.
Tuscaloosa—
City National Bank
First National Bank
Wetumpka—First National Bank

1 to 9,
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9,

1 to 9.

1 to 9.

1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

WEST VIRGINIA

(See also District No. 4)
Beckley—
Beckley National Bank
_
National Exchange Bank—
Bluefield—
Bluefield National Bank
First National Bank..
Flat Top National Bank
Charleston—Charleston N a t i o n a l
Bank.
ClarksburgEmpire National Bank
Merchants National Bank
Union National Bank
Fairmont—National Bank of Fair-

1 to 7, and 9.
1 to 5, 7
and 9.
1 to 8.
Ito8.
1 to 9.
1 to 4.
1,2,3, and 5.
Ito8.
Ito9.
Ito8.
1.
1 to 3.
1 to 8.
Ito9.
Ito9.
1 to 9
1 to 9.
Ito9.
Ito9.
1 to 3,5 to 9.
Ito9.
Ito7.
1 to 9.
Ito8.
1 to 3.
1 to 8.
Ito9.
1 to 3, 5 to
7, and 9.
Ito9.
1 to 9.
1 to 8.
1 to 8.
1 to 9.

1 to 9.
1 to
1 to
1 to
1 to

9.
9.
9.
9.

Bradenton—First National Bank
Daytona Beach—First Atlantic National Bank.
De Funiak Springs—First National
Bank.
1 to 9.
Fort Myers—First National Bank...
1 to 9.
Jacksonville—
1 to 9
Atlantic National Bank
Barnett National Bank
Ito9.
Florida National Bank
Grafton—First National Bank
1 to 9.
Lake City—First National Bank
Miami—
Huntington—First Huntington Na- 1 to 9.
First National Bank
tional Bank.
1 to 9.
Florida National Bank & Trust
Logan—First National Bank__
Co. at Miami.
1 to 4.
Madison—Boone National Bank
Miami Beach—Miami Beach First
1 to 9.
Martinsburg—Old National Bank
National Bank.
1 to 9.
Montgomery—Montgomery National
Oeala—Munroe & Chambliss NaBank.
tional Bank.
Moorefield—South Branch Valley 1 to 3, 5 to 9
Orlando—First National Bank &
National Bank.
Trust Co.
Parkersburg—Parkersburg National 1 to 9.
Palatka—Putnam National Bank...
Bank.
1 to 9.
Pensacola—Citizens & Peoples NaSt. Marys—First National Bank
tional Bank.
Welch—McDowell County National Ito9.
St. Augustine—St. Augustine NaBank in Welch.
tional Bank.
Williamson1 to 9.
Sanford—Sanford Atlantic National
First National Bank
Bank.
National
1 to 9.
 Bank of Commerce



1 to 9.
1,2,3, and 5.

Ito4.
Ito9.
1 to 8.
1 to 9.
Ito9.
Ito9.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
1 to 9.
1 to 9.

272

ANNUAL KEPOKT OF THE FEDERAL, RESERVE BOARD
Powers
granted
DISTRICT NO. 6—Continued

DISTRICT NO. 6—Continued

TENNESSEE

FLORIDA—continued

Sarasota—Palmer National Bank &
Trust Co.
TampaExchange National Bank
First National Bank
Winter Haven—Snell National Bank
in Winter Haven.
GEORGIA

Albany—City National Bank
Athens—National Bank of Athens. _.
AtlantaFirst National Bank
Fulton National Bank
Augusta—National Exchange Bank..
Barnesville—First National Bank
Brunswick—National Bank of
Brunswick.
Cartersvilla—First National Bank...
Columbus—
First National Bank
Fourth National Bank.
Dalton—First National Bank
Dawson—Dawson City National
Bank.
Elberton-First National Bank
La Grange—La Grange National
Bank.
Louisville—First National Bank
Macon—First National Bank & Trust
Co.
Mqultrie—Moultrie National Bank..
Quitman—Peoples-First N at io n al
" Bank.
RomeFirst National Bank.
National City Bank
Savannah—
Citizens & Southern National
Bank.
Liberty National Bank& Trust Co.
Thomasviile—First National Bank...
Winder—Winder National Bank

Powers
granted

1 to 3, 5 to 7
and 9.

(See also District No. 8)

Bristol—First National Bank
ChattanoogaFirst National Bank
Hamilton National Bank
Clarksville—First National Bank___.
Copperhill—First National Bank of
Polk County.
Decherd—First National Bank of
Ito9.
Franklin County.
1 to 4.
Dickson—Citizen National Bank
Fayetteville—
1 to 9.
Elk National Bank
1 to 9.
First National Bank
1 to 9.
Gallatin—First & Peoples National
1 to 8.
Bank.
1 to 9.
Greeneville—First National Bank
Johnson City—Unaka and City
Ito9.
National Bank.
Kingsport—First National Bank
1 to 9.
Knoxville—
1 to 9.
East Tennessee National Bank—.
1 to 5,
Hamilton National Bank
!
1 to 3, 5 to
Lewisburg—First
9. Morristown—FirstNational Bank
National Bank...
1 to 9.
NashvilleAmerican National Bank
1 to 8,
Broadway National Bank.
1 to 9.
Third National Bank
Shelbyville—Peoples National Bank.
1 to 9.
South Pittsburg—First National
1 toO.
Bank.
1 to 8.
Springfield—First National Bank
1 to 9.
1 to 8.
1 to 9.

1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

1,3 to 9.
1 to 8.
1 to 3 and 5.
1 to 3, 5 to 9.
Ito9.
1 to 9.
Ito9.
1 to 7 and 91
Ito9.
1 to 9.
1 to 8.
1.
Ito9.
1 to 7 and 9.
I to 9.
1 to 3, 5 to 9.
Ito9.

2, 3, 5 to 7,
and 9.
Tullahoma—Traders National Bank. Ito9.
Winchester—Farmers National Bank 1 to 3, 5 to 9
DISTRICT NO. 7
ILLINOIS

(See also District No. 8)

Amboy—First National Bank
Aurora—
Aurora National Bank
(See also District No. 11)
First National Bank in Aurora
Merchants National Bank
Hammond—Citizens National Bank. 1 to 9.
Old Second National Bank
1 to 9.
La Fayette—First National Bank
Batavia—
Lake Charles—
Batavia National Bank
First National Bank
Calcasieu National Bank in Lake 1 to 9.
Belvidere—Second National Bank
Charles.
1 to 9.
First National Bank..
Berwyn—First American National
New Orleans—Whitney National 1 to 9.
Bank & Trust Co.
Bank.
Bloomington— First National Bank
« Trust Co.
V
MISSISSIPPI
Blue Island—First National Bank
Bushnell—First National Bank
(See also District No. 8)
Cambridge—Farmers National Bank
1 to 5.
Biloxi—First National Bank.
CantonCanton—First National Bank
1 to 4.
Canton National Bank
First National Bank
Hattiesburg—First National Bank«_. Ito9.
Casey—First National Bank
Jackson1 to 9,
Capital National Bank..
Charleston—National Trust Bank...
Jackson State National Bank
1 to 7 and 9. ChicagoContinental National Bank &
LaurelTrust Co.
Commercial National Bank & 1 to 9.
First National Bank of EngleTrust Co.
wood.
First National Bank
_. Ito9.
McComb City—First National Bank. 1.2, and 3.
Hyde Park-Kenwood National
Meridian—Citizens National Bank... 1 to 9.
Bank.
Jackson Park National Bank
Natchez—Britton & Koontz Na- 1, 6, and 7.
Jefferson Park National Bank
tional Bank.
Lawndale National Bank
Vicksburg—
Mutual National Bank
First National Bank & Trust Co 1 to 9.
National Builders Bank
__.
Merchants National Bank & 1 to 9.
Trust Co.
Peoples National Bank & Trust
Yazoo City—Delta National Bank... Ito9.
Co.


LOUISIANA

Ito9.
Ito9.
Ito9.
1.
1 to 3, 5 to 8.

1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito8.
Ito9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
Ito8.
1 to 4.
1 to 9.
Ito9.
Ito4.
Ito9.
Ito9.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.

273

FIDUCIARY POWERS
Powers
granted
DISTRICT NO. 7—Continued

DISTRICT NO. 7—Continued
ILLINOIS—continued
Chicago—Continued.
Roseland National Bank
Straus National Bank & Trust
Co.
Terminal National Bank
Chicago Heights—First National
Bank & Trust Co.
Chillieothe—First National Bank
DanvilleFirst National B«nk
Palmsr American National Bank.
Second National Bank
Decatur—
Citizens National Bank
MilJikin National Bank..
National Bank of Decatur
Des Plaines—First National Bank...
Dixon—Dixon National Bank
Dundee—First National Bank
El Paso—Woodford County National Bank.
Evanston—City National Bank &
Trust Co.
Freeport—First National Bank
Galesburg—First Galesburg National
Bank & Trust Co.
Ilarvey—First National Bank
Havana—Havana National Bank
Henry—First National Bank
Joliet—
First National Bank
Joliet National Bank
|
Kankakee—City National Bank
Xnoxville—Farmers National Bank...
Lake Forest—First National Bank...
La Salle—La Salle National Bank
& Trust Co.
Libertyville—
First National Bank
Lake County National Bank
Lincoln—Lincoln National Bank
M acorn b—Union National Bank
Marengo—First National Bank
Marseilles—First National Bank
Mattoon—National Bank of Mattoon
Monticello—First National Bank
Morris—Grundy County National
Bank.
Naperville—First National Bank
Ottawa—First National Bank
Paris—
Citizens National Bank
Edgar County National Bank
Pekin—American National Bank
Peoria—
Central National Bank & Trust
Co.
Commercial Merchants National
Bank & Trust Co.
First National Bank
Pontiac—National Bank of Pontiac..
Princeton—Citizens National Bank..
Riverside—First National Bank
Rockford—
Commercial National Bank
Forest City National Bank
Rockford National Bank
Swedish-American National Bank
Third National Bank
St. Charles—St. Charles National
Bank.
Savanna—First National Bank
Springfield—Illinois National Bank..
Streator—Union National Bank
Waukegan—First National Bank
Wilmette—First National Bank
Woodstock—American N a t i o n a l
Bank.




Powers
granted

INDIANA

(See also District No. 8)
1 to 9.
1 to 9.

Albion—Albion National Bank
Attica—Central National Bank &
Trust Co.
1 to 9.
Auburn—City National Bank
1 to 9.
Aurora- First National Bank.
1 to 9.
Batesville—First National Bank
Bloomington—•
1 to 9.
Blooxninerton National Bank
First National Bank
1 to Q.
Bluffton—Old First National Bank_.
1 to 8.
BrazilCitizens National Bank
1 to ?
1 to 9.
Riddell National Bank
1 to 9.
Brookville—
1 to 9.
Franklin County National Bank.
1 to 9.
National Brookville Bank
...
1 to 9.
Cambridge City—First National
1 to 9.
Bank & Trust Co.
Clay City—First National Bank
1 to 9.
Clinton—First National Bank.
Cloverdale—First National Bank
1 to 9.
Columbus-—First National Bank
i to 9.
Crawfordsville—
Citizens National Bank
1 to 9.
First National Bank.
1 to 9.
Dana—First National Bank
1 to 7.
Dyer—First National Bank
East Chicago—
1 to 9.
First National Bank in East
Chicago.
1 to 9.
Union National Bank ol Indiana
1 to 4.
Harbor at East Chicago.
1 to 9.
Elkhart—First National Bank
1 to 9.
Elwood—First National Bank
1 to 9.
Fort W a y n e Lincoln National Bank & Trust
Co.
1 to 9.
Old-First National Bank & Trust
1 to 9.
Co.
1 to 9.
Franklin—Citizens National Bank...
1 to 9.
Garv—
1 to 9.
First National Bank
.
1 to 4.
National Bank of America
1 to 9.
Goshen—City National Bank
1 to 9.
Greencastle—First National Bank
1 to 9.
Greensburg—
Citizens Third National Bank &
1 to 9.
Trust Co.
1 to 9.
Greenwood—First National Bank
Hammond—Hammond National
1 to 9.
Bank & Trust Co.
1 to 9.
Hartford City—First National Bank.
1 to 9.
Indianapolis—
Fletcher American National Bank
1 to 9
Indiana National Bank
Merchants National Bank... ..
1 to 9.
Kendallville—Citizens National Bank
Knightstown—Citizens N a t i o n a l
1 to 9.
Bank.
1 to 9.
1 to 3, 5 to 8. La Fayette—
First-Merchants National Bank..
1 to 9.
National Fowler Bank
La Porte—First National Bank &
1 to 9
Trust Co.
1 to 9.
Lebanon—First National Bank
1 to 4.
Liberty—Union County National
1 to 9.
Bank.
1 to 8,
Lowell—Lowell National Bank
_
1 to 9.
Marion—
First National Bank
1 to 8.
Marion National Bank
1 to 9.
Martinsville—First National Bank__
1 to 9.
Michigan C i t y 1 to 9.
First National Bank
1 to 9.
Merchants National Bank.
1 to 9.
Mishawaka—First National Bank

9

3, 5, and 8

1 to 9.
1 to 9.

1
to 9.
1 to 9.

1 to 9.
1 to 7 and 9
1 to 9.
1 to 7.

1 to 9.
1 to 4.
1 toP.
1 to 8.

1 to 9.
1 to 9.
1 to 0.
1 to 9.
1 to
1 to
1 to
1 to

4.
9.
3.
4.

1 to 9.

1 to 9.
1 to 8.

Ito8.
1
1
1
1

to 9.
to 9.
to 9.
to 9.

1 to 9.
I to 9.
Ito9.
Ito9.
1 to 7 and 9.
1 to 9.
1 to 9.
1 to 9.
1 to 3, 5 to 7,
and 9.
1 to 8.
1 to 8.
Ito9.
Ito9.
1 to 3.
ltoS.
Ito9.
Ito9.
1 to 7.
Ito9.
1 to 9.
Ito9.

274

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
Powers
granted

DISTRICT NO. 7—Continued
INDIANA—continued

Monrovia—First National Bank
Monterey—First National Bank
Montezuma—First National Bank.._
Montpelier—First National Bank
Mulberry—Citizens National Bank..
Muncie—Delaware County National
Bank.
New Carlisle—First National Bank..
New Castle—Farmers & First National Bank.
Noblesville—American National
Bank.
Peru—First National Bank...
_.
Plainfield—First National Bank &
Trust Co.
Plymouth—First National Bank of
Marshall County.
Remington—Farmers National Bank.
Richmond—
First National Bank
Second National Bank
Rising Sun—National Bank of Rising
Sun.
Rochester—First National Bank
Rockville—Rockville National Bank.
Rushville—
American National Bank..
Rush County National Bank
Rushville National Bank.
Russiaville—First National Bank
Shelbyville—
Farmers National Bank
First National Bank
Shelby National Bank
South BendCitizens National Bank
Merchants National Bank
_.
Swayzee—First National Bank
Terre Haute—
First-McKeen National Bank &
Trust Co.
Terre Haute National Bank &
Trust Co.
Thorntown—Home National Bank..
Tipton—Citizens National Bank
Wabash—Farmers & Wabash National Bank.
Whiteland—Whiteland N a t i o n a l
Bank.
IOWA

Akron—First National Bank
Arlington—American National Bank.
Aurelia—First National Bank
_
Belle Plaine—Citizens National Bank
Boone—First National Bank._
Buffalo Center—First National Bank.
Cedar Falls—Cedar Falls National
Bank.
Cedar Rapids—Merchants National
Bank.
Charles CityCitizens National Bank..
Commercial National Bank
Charter Oak—First National Bank..
Clinton—City National Bank..,
Colfax—First National Bank
Columbus Junction—Louisa County i
National Bank.
!
Coon Rapids—First National Bank..
Council BluffsCity National Bank
First National Bank
Cresco—First National Bank




Powers
granted
DISTRICT NO. 7—Continued

IOWA—continued
Ito4.
Creston—First National Bank
1 to 3, 5 to 9 Decorah—National Bank of DecorahIto8.
Des Moines—
1 to 9.
Central National Bank & Trust
1 to 9.
Co.
1 to 9.
Iowa-Des Moines National Bank
& Trust Co.
Ito9.
Dubuque—
Ito9.
Consolidated National Bank
First National Bank
Ito9.
Dysart—Dysart National Bank
Eldon—First National Bank_
1 to 9.
Eldora—First National Bank
1 to 9.
Everly—First National Bank
Fairfield—First National Bank
1 and 4.
Fonda—First National Bank
Fort Dodge—Fort Dodge National
1 to 3, 5 to 8 Bank.
Gladbrook—First National Bank
1 to 9.
Graettinger— First National Bank
1 to 9.
Grinnell—Poweshiek C o u n t y
1 to 9.
National Bank.
Hampton—Citizens National Bank..
1 to 5,7, and Harlan—Harlan National Bank
Hawarden—First National Bank
9.
Humboldt—First National Bank....,
1 to 9.
Indianola—First National Bank
Ito9.
Jewell Junction—First National
1 to 4.
Bank.
Ito4.
Kanawha—First National Bank
1 to 3,5 to 9. Keokuk—Keokuk National Bank
Kingsley—Farmers National Bank..
Ito9.
Knoxville—Knoxville National Bank
Ito9.
& Trust Co.
Ito9.
LeMars—First National Bank
Mason City—First National Bank...
Ito9.
Muscatine—First National Bank
1 to 9.
Newell—First National Bank..
1 to 9.
Odebolt—First National Bank
Oelwein—First National Bank.
Ito9.
Orange City—Orange City National
Bank.
Ito9.
Oskaloosa—Oskaloosa National
Bank.
Ito8.
Paullina—First National Bank
Ito9.
Perry—First National Bank
1 to 7.
Peterson—First National Bank
Primghar—First National Bank
1 to 4.
Red Oak—First National Bank
Remsen—First National Bank
Rippey—First National Bank
Rockwell City—Rockwell City National Bank.
1 to 9.
Sheffield—First National Bank
1 to 3.
Sibley—First National Bank
1 to 9.
Sioux City1 to 3, 5 to 9.
Live Stock National Bank
1 to 7 and 9.
Security National Bank
1 to 9.
Toy National Bank
_.
1 to 7 and 9. Spencer—Clay County National
Bank.
1 to 4.
Stanton—First National Bank
Storm Lake—Citizens First National
Bank.
1 to 9.
Story City—First National Bank
1 to 9.
Thornton—First National Bank
1,2,3, and 5. Tipton—Tipton National Bank
1 to 9.
Washington—Washington National
1 to 3,5 to 9.
Bank.
1,2,3, and 5. WaterlooCommercial National Bank
1 to 9.
Pioneer National Bank
Waverly— First National Bank
1 to 8.
Webster City1 to 9.
Farmers National Bank._
First National Bank
Ito9.

1 to 9.
1 to 9.
Ito9.
Ito9.
Ito9
1 to 9
Ito9
1 to 9
1 to 9
1 to 7.
1 to 8
1 to 4,
Ito8.
1 to 3.
1 to 9.
1 to 9.
1 to 9.
1 to 8.
1,2, 3, 5 to 8.
1 to 4.
1 to 3.
1 to 9.
1 to 3.
1 to 9.
1 to 9.
Ito9.
1 to 3, 5 to 9.
1 to 9.
1 to 8.
1 to 9.
1 to 4.
Ito7.
Ito9.
1 to 3.

1 to 7 and 9.
Ito9.
1 to 4.
Ito9.
1 to 9.
1 to 8.
1,2^3, 5 to8.
Ito9.
1 to 9.
1 to 3.
Ito9.
1 to 9.
Ito9.
Ito9.
1 to 8.
Ito9.
1 to 9.
1 to 9.
Ito9.
1 to 8.
Ito9.
Ito9.
1 to 4.
Ito9.
Ito9.

275

FIDUCIARY POWEES
Powers
granted

Powers
granted
DISTRICT NO. 7—Continued

DISTRICT NO. 7—Continued
MICHIGAN

WISCONSIN—continued

(See also District No. 9)

Kenosha—United States National

Adrian—National Bank of Commerce.
Ann Arbor—First National Bank &
Trust Co.
-battle ureeK—
Central National Bank & Trust
Co.
City National Bank & Trust Co.
Old Merchants National Bank
& Trust Co.
Benton Harbor—Farmers & Merchants National Bank & Trust Co.
Birmingham—First National Bank_«
Charlotte—First National Bank
Coldwater—
Coldwater National Bank
Southern Michigan National
Bank.
Detroit—Guardian National Bank
of Commerce.
Flint—First National Bank & Trust
Co.
Grand Rapids—Grand Rapids National Bank.
Hillsdale-First National Bank
Ionia—National Bank of Ionia
Jackson—Union & Peoples National
Bank.
Kalamazoo—First National Bank &
Trust Co.
Lansing—Capital National Bank
Lapeer—First National Bank...
Ludington—First National Bank &
Trust Co.
Monroe—First National Bank
Muskegon—Hackley Union National
Bank.
Niles—City National Bank & Trust
Co.
Petoskey—First National Bank
Pontiac—First National Bank &
Trust Co.
Port Huron—First National Trust &
Savings Bank.
Quincy—First National Bank
St. Johns—St. Johns National Bank..
Saginaw—Second National Bank &
Trust Co.
Union City—Union City National
Bank.
Wyandotte—First National Bank

2,3,5, and 8.

Lake Geneva—First National Bank..
Madison—Commercial N a t i o n a l
Bank.
Ito9.
Manitowoc—First National Bank in
M^anitowoc.
1 to 9.
Marinette—First National Bank
Marshfield—American N a t i o n a l
Bank.
1 to 8.
Menasha—First National Bank
Ito9.
MilwaukeeMarine National Exchange Bank.
1 to 9.
National Bank of Commerce
Monroe—First National Bank
1 to 5.
2,3,5, and 8. Neenah—National Manufacturers
Bank.
2,3,5, and 8. Neillsville—First National Bank
Oshkosh—City National Bank
Ito9.
Platteville—First National Bank
Racine—First National Bank &
Ito8.
Trust Co.
Ripon—First National Bank
Ito9.
Shawano—Wisconsin National Bank.
Sheboygan—Security National Bank.
Ito9.
Sparta—Farmers National Bank
1 to 5 and 8. Stevens PointCitizens National Bank
1 to 9.
First National Bank
1 to 9.
Viroqua—First National Bank.
Waukesha—
1 to 9.
National Exchange Bank
Waukesha National Bank___
1 to 4.
2,3,5, and 8. Waupun—National Bank of Waupun.
2,3,5, and 8. Wausau—
American National Bank
First National Bank
1 to 9.
West Bend—First National Bank
Ito9.
Wisconsin Rapids—First National
Bank.
Ito9.
1 to 4.
DISTRICT NO. 8
1 to 9.

2.3.5. and 8.
2,3,5, and 8.
1 to 8.
2,3,5, and 8.
1 to 9.

llOBal J3HDK.




El Dorado—First National Bank
Fayetteville—First National Bank...
Fordyce—First National Bank
Fort SmithCity National Bank
First National Bank.
Merchants National Bank
Hot Springs—Arkansas N a t i o n a l
Marianna—Lee

(See also District No. 9)

Hartford—First National Bank
Janesville—First National Bank

Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
Ito9.
1 and 4.
1 to 9.
Ito9.
Ito9.
1 to 3.
1 to 9.
1 to 9.
1 to 9.
Ito9.
Ito9.
1 to 8.
Ito9.
1 to 9.
1 to 9.
Ito8.
1 to 9.
1 to 4.
Ito8.
Ito9.
1 to 9.
1 to 9.
Ito9.
1 to 9.

ARKANSAS

1 to 9.

WISCONSIN

Antigo—
First National Bank...
Langlade National Bank
Baraboo—First National Bank &
Trust Co.
Beaver Dam—
American National Bank.
Old National Bank.
Beloit—Second National Bank
Berlin—First National Bank
Brillion—First National Bank..
Chilton—Chilton National Bank
Clintonville—First National Bank...
Darlington—First National Bank
Edgerton—First National Bank
Fond du Lac—
Commercial National Bank
First Fond du Lac National Bank
Green Bay—Kellogg Citizens Na-

J J U D K O£ J r U S t KJO.
L

Ito8.
1 to 3.5 to 8.
Ito9.

County

National

Newport—First National Bank
Paris—First National Bank
Pine Bluff—Simmons National Bank.
Texarkana—State National Bank

1 to 9.
Ito9.
1 to 9.
Ito9.
1 to 9.
Ito9.
1 to 9.
Ito9,
1 to 8.
Ito9.
1 to 9.
Ito9.

ILLINOIS

(See also District No. 7)
Ito9.
Ito9.
Ito9.
Ito9.
1 to 8.
Ito9.
1 to 4.
Ito8.
1 to 8.
Ito8.
1 to 8.
Ito9.
1 to 7 and 9.
Ito9.

Alton—First National Bank& Trust
Co. in Alton.
Anna—First National Bank
BellevilleBelleville National Bank
First National Bank...
St. Clair National Bank
Benld—First National Bank of Benld.
Breese—First National Bank
Bridgeport—First National Bank
Bunker Hill—First National Bank...
Carlinville—Carlinville N a t i o n a l
Carlyle—First National Bank
Car mi—National Bank of Carmi

1 to 9.
1 to 9.
Ito9.
1 to 9.
1 to 9.
1 to 3,5 to 8.
1 to 9.
1 to 9.
1 to 9.
Ito9.
1 to 9.
Ito9.

276

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
Powers
granted

DISTRICT NO. 8—Continued

DISTRICT NO. 8—Continued

ILLINOIS—continued
Centralia—Old National Bank
Edwardsville—Edwardsville National Bank & Trust Co.
Effingham—First National Bank
Highland—First National Bank
Jacksonville—Ayers National Bank..
Jonesboro—First National Bank
La wrenceville—First National Bank.
Lebanon—First National Bank
Mascoutah—First National Bank
Metropolis—City National Bank
Millstadt—-First*National Bank
Mount Carmel—American - F i r s t
National Bank.
Murphysboro—First National BankNashville—
Farmers & Merchants National
Bank.
First National Bank
National Stock Yards—National
Stock Yards National Bank of National City.
Nokorais—Nokomis National Bank._
O'Fallon—First National Bank.
Pittsfield—First National Bank
Sparta—First National Bank
Vandalia—First National Bank

Powers
granted

KENTUCKY—continued
1 to 9.
Ito3, 5 to 7,
and 9.
1 to 9.
1 to 9.
1 to 4.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 4.
1 to 9.
1 to 9.

Columbia—First National Bank &
Trust Co.
DanvilleCitizens National Bank.
Farmers National Bank.
Elizabethtown—
First-Hardin National Bank
Union National Bank..

1 to 3, 5 to 8.
1 to 9.
1 to 8.
1 to 9.
1 to 3, 5, 6,8,
and 9.
1 to 9.
1 to 5.
1 to 9.

Frankfort—State National Bank
Glasgow—Farmers National Bank
Harrodsburg—First-Mercer National
Bank.
Henderson—Henderson N a t i o n a l 1 to 9.
Bank.
1 to 8.
Lawrenceburg—
Anderson National Bank.
1 to 9.
1 to 3, 5 to 9.
Lawrenceburg National Bank
1 to 8.
1 to 9.
Lebanon1 to 9.
Citizens National Bank
1 to 9.
Farmers National Bank
1 to 9.
Marion National Bank..
1 to 6.
1 to 3.
Louisville1 to 9.
Citizens Union National Bank... 1 to 9.
1 to 9.
First National Bank
_
._. 1 to 9.
1 to 3, 5 to 7. Madisonville—Farmers N a t i o n a l 1 to 9.
1 to 8
Bank.
L to 9.
Mayfield—First National Bank
Morganfield—Morganfield National I to 4.
INDIANA
Bank.
1 to 9.
(See also District No. 7)
Murray—First National Bank
1 to 3, 5 to 9. Owensboro—National Deposit Bank 1 to 9.
Bedford—Bedford National Bank
of Owensboro.
1 to 9.
Bicknell—First National Bank
Paducah—Peoples National Bank... 1 to 9.
1 to 9.
Boonville—First National Bank.
Brownstown—First National Bank.. 1 to 3, 5 to 7, Princeton— National Bank
1 to 9.
Farmers
and 9.
First National Bank
1 to 3, 5 to 9.
Cannelton—Cannelton National 1 to 3,5 to 8.
Bank.
MISSISSIPPI
Evansville—
1 to 9.
National City Bank
.
(See also District No. 6)
1 to 9.
Old National Bank
Columbus—First Columbus National 1 to 9.
Fort Branch—Farmers & Merchants 1 to 9.
Bank.
National Bank.
1 to 4.
1 to 7.
Greenville—First National Bank
Linton—First National Bank__
1 to 9.
1 to 9.
West Point—First National Bank
Madison—First National Bank
1 to 5.
Mitchell—First National Bank
MISSOURI
New Albany—New Albany National 1 to 9.
Bank.
(See also District No. 10)
Orleans—National Bank of Orleans. _ 1
Petersburg—First National Bank
2, 3, and 5.
Boonville—Boonville National Bank. 1 to 9.
Princeton1 to 3, 5 to 7, Carrollton—First National Bank
1 to 8.
Farmers National Bank
Columbia—
and 9
Boone County National Bank.._. 1 to 9.
Peoples American National Bank. 1 to 8.
Exchange National Bank
1 to 4.
1 to 9.
Rockport—First National Bank
Hannibal—Hannibal National Bank. I t o 9 .
Seymour—Seymour National Bauk... 1 to 9.
Jefferson City—
Sullivan—Peoples National Bank & I t o 9 .
Exchange National Bank__.
1 to 9.
Trust Co.
First National Bank
1 to 9.
Tell C i t y Kirksville—Citizens National Bank.. 1 to 8.
1 to 7 and 9 Luxemburg—Lafayette N a t i o n a l
Citizens National Bank
1 to 9.
1 to 9.
Tell City National Bank
Bank & Trust Co.
1 to 9.
Vevay—First National Bank
1 to 9.
Monett—First National Bank
Vincennes—
1 to 9.
Pierce City—First National Bank
Ito9.
American National Bank
1 to 9.
St. Charles—First National Bank
Ito9.
First National Bank
St. Louis—
Wadesville—Farmers National Bank- 1 to 9.
Boatmen's National Bank........ 1 to 9.
Washington—
1 to 4.
First National Bank
Peoples National Bank & Trust 1 to 9.
Mercantile Commerce National 1 to 9.
Co.
Bank in St. Louis.
1 to 9.
Washington National Bank
1 to 9.
Plaza National Bank
_
St. Louis National Bank
Ito9.
KENTUCKY
Security National Bank, Savings Ito9.
& Trust Co.
(See also District No. 4)
South Side National Bank
Ito9.
Bowling Green—American National 1 and 4.
Vandeventer National Bank
1.
Bank.
Sedalia—
Carrollton—
Third National Bank
1 to 3, 5 to 7.
1 to 9.
Carroilton National Bank
Sedalia National Bank
Ito9.
1 to 9.
First National Bank.
Springfield—Union National Bank... Ito9.
1 to 9.
Trenton—Trenton National Bank
Clay—Farmers National Bank
1 to 9.
Digitized forClinton—First National Bank__
FRASER
Ito9.
Unionville—Marshall National Bank. 1 t o 3, 5 -. > '



277

FIDUCIARY POWEES

DISTRICT NO. 8—Continued

DISTRICT NO. 9—Continued

TENNESSEE

MINNESOTA—continued

(See also District No. 6)

Northfield—Northfield National
Bank & Trust Co.
Owatonna—First National BankPark Rapids—First National BanV
Proctor—First National Bank
Red WingFirst National Bank
Goodhue County National Bank.
Red Wing National Bank &
Trust Co.
Rochester—First National Bank
St. P a u l American National Bank
Empire National Bank & Trust
Co.
First National Bank
Midway National Bank
Twin Cities National Bank
St. Peter—First National Bank
Spring Valley—First National Bank.
Stillwater—First National Bank
Truman—Truman National Bank. _.
Virginia—American Exchange National Bank.
Waseca—Farmers National Bank
West Concord—First National Bank.
Windom—First National Bank
Winona—
First National Bank...
Winona National & Savings
Bank.

Dyersburg—First-Citizens National
Bank.
JacksonFirst National Bank
National Bank of Commerce
Security National Bank
MemphisFirst National Bank
Union-Planters National Bank &
Trust Co.
Union City—Old National Bank

Ito9.

Ito9.

DISTRICT NO. 9
MICHIGAN

(See also District No. 7)
Calumet—First National Bank
Hancock—First National Bank
Houghton—
Citizens National Bank._
Houghton National Bank
Iron Mountain—United States National Bank.
Ironwoqd—Gogebic National Bank.-.
Ishpeming—Miners National Bank_.
Lake Linden—First National Bank..
Laurium—First National Bank
Marquette—
First National Bank & Trust Co.
Union National Bank,_
Menominee—
First National Bank
Lumbermen's National Bank
Munising—First National Bank of
Alger County,
Negaunee—
First National Bank...
Negaunee National Bank

2,3,5, and 8.
2,3,5, and 8.
2, 3,5, and 8.
2,3,5, and 8.

Mankato—First National Bank &
Trust Co.
Minneapolis—
First National Bank
Midland National Bank & Trust
Co.
Northwestern National Bank




1 to fl.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
Ito9
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 8.
1 to 9.
1 to 9.
1 to 9.
1 to 3,5 to 8.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

MONTANA

2,3,5, and 8.
Ito3.

MINNESOTA

Albert L e a First National Bank
Freeborn County National Bank
& Trust Co.
Austin—First National Bank
Bemidji—First National Bank
Blooming Prairie—First National
Bank.
Chatfleld—First National Bank
Duluth—
City National Bank
_
First & American National Bank.
Minnesota National Bank
Northern National Bank
Eveleth—First National Bank
FairmontFirst National Bank
Martin County National Bank..
Faribault—Security National Bank
& Trust Co.
Fergus FallsFergus Falls National Bank &
Trust Co.
First National Bank
_
Hastings—First National Bank
Hutchinson—Farmers N a t i o n a l
Bank.
Little Falls—First National Bank....

1 to 9

Ito8.
Ito9.
Ito8.
1 to 9.
1,2,3, and 5.
1 to 5.

BillingsMidland National Bank
1 to 9.
Montana National Bank—
1 to 9.
Bozeman—Commercial N a t i o n a l I t o 4 .
Bank.
Deer Lodge—United States National 1 to 5, 7,
Bank.
and 8.
Dillon—First National Bank
1 to 7 and 9.
Great FallsFirst National Bank
1 to 9.
Great Falls National Bank
1 to 4.
Helena—First National Bank & 1 to 7 and 9.
Trust Co.
Kalispell—First National Bank
1 to 4.
Lewistown—National Bank of
1 to 9.
Livingston—National Park Bank in 1 to 9.
Livingston.
Miles City—First National Bank
1 to 9.
Missoula—
First National Bank
1 to 7 and 9.
Western Montana National 1 to 8.
Bank.

1 to 9
1 to 9.
NORTH DAKOTA
Ito9.
1 to 9.
1 to 3, 5 to 9. Bismarck—Dakota National Bank & Trust
Co.
Ito9.
First National Bank..
1 to 9.
Dickinson—First National Bank
Ito9.
Ellendale—First National Bank.
Fargo—
First National Bank & Trust Co.
1 to 8.
Merchants National Bank &
Trust Co.
1 to 9.
Grafton—Grafton National Bank
1 to 9.
Grand ForksIto9.
First National Bank
Red River National Bank &
1, 2, 3, 5, 6,
Trust Co.
8, and 9.
Jamestown—
1 to 9.
James River National Bank &
Trust Co.
National Bank & Trust Co
1 to 9.
Minot—
1 to 8.
First National Bank & Trust Co_
Union National Bank & Trust CoJ

1 to 9.
1 and 9.
Ito9.
1 to 4.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

278

ANNXJAL REPORT OF T H E FEDERAL RESERVE BOARD

Powers
granted
DISTRICT NO. 9—Continued

Powers
granted
DISTRICT NO. 10—Continued
COLORADO—continued

NORTH DAKOTA—continued

Valley C i t y American National Bank & Trust I t o 9 .
Co.
National Bank of Valley City.... I t o 9 .

Denver—Continued
Stock Yards National Bank
United States National Bank
Durango—Burns National Bank
Eagle—First National Bank of Eagle
SOUTH DAKOTA
County.
Englewood—First National Bank
AberdeenFlorence—First National Bank
...
Aberdeen National Bank & Trust 1 to 9.
Fort CollinsCo.
First National Bank
_
First National Bank & Trust Co_ 1 to 9.
Fort Collins National Bank
Arlington—First National Bank
Ito4.
Poudre Valley National Bank....
Brookings—Security National Bank.. 1 to 9.
Fort Morgan—First National Bank..
Canton—First National Bank
1 to 9.
Glenwood Springs—First National
Chamberlain—First National Bank I t o 9 .
Bank.
& Trust Co.
Golden—Rubey National Bank.
Clear Lake—Deuel County National I t o 9 .
Grand Junction—Grand Valley Na"Ronlr
tional Bank.
uanK.
1 to 9.
Greeley—
Deadwood—First National Bank
Flandreau—First National Bank
1 to 3.
First National Bank...
Huron—National Bank of Huron
1 to 9.
Greeley Union National Bank
Lake Norden—First National Bank 1 to 3, 5 to 8. Gunnison—First National Bank
& Trust Co.
Hugo—First National Bank—
Lead—First National Bank
1 to 9.
Lamar—Lamar National Bank
Miller—First National Bank
1 to 9.
Las Animas—First National Bank...
Rapid City—First National Bank.
1 to 7 and 9. Longmont—
Sioux FallsFirst National Bank.__
Citizens National Bank & Trust I t o 9 .
Longmont National Bank
Co.
Loveland—First National Bank
First National Bank & Trust Co. 1 to 8.
Security National Bank & Trust I t o 9 .
Mancos—First National Bank
Co. "
Montrose—Montrose National Bank.
Vermilion—First National Bank & 1 to 9.
Ordway—First National Bank
rp«-1-.c,-f /"ir<

1 rUaC VJO.

Ito9.
Ito9.
1 to 7.
Ito4.
1 to 4.
1 to 9.
Ito4.
1 to 9.
1 to 7 and 9.
Ito4.
1 to 3, 5 to 7.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 3.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 4, 6,
and 7.
1 to 9.
1 to 9.
1.

i rinioaQ—

Watertown—
Citizens National Bank & Trust I t o 9 .
Co.
First National Bank & Trust Co. ltoQ.
Yankton—First Dakota National 1 to 9.
Bank & Trust Co.
WISCONSIN

(See also District No. 7)
Ashland—
Ashland National Bank.
Northern National Bank
Barron—First National Bank
_.
Chippewa FallsFirst National Bank
Lumbermens National Bank
Eau Claire—Union National Bank...
Menomonie—First National Bank...
SuperiorFirst National Bank.
National Bank of Commerce
United States National Bank
DISTRICT NO. 10
COLORADO

BoulderBoulder National Bank
National State Bank
Brush—First National Bank
Canon C i t y First National Bank
Fremont County National Bank.
Center—First National Bank
Colorado SpringsColorado Springs National Bank.
Exchange National Bank
First National Bank
Craig—Craig National Bank
DenverAmerican National Bank
Colorado National Bank
Denver National Bank
First National Bank...,,




1 to 3.
First National Bank
Trinidad National Bank
1 to 9.
Walsenburg—First National Bank... 1 to 9.
KANSAS

AnthonyCitizens National Bank
First National Bank
Arkansas City—Home National
Bank.
Atchison—City National Bank
Chanute—First National Bank
Ito9.
Coffeyville—
1 to 7 and 9.
Condon National Bank
Ito3.
First National Bank
._,
Dodge City—First National Bank...
1 to 9.
Emporia—
1 to 9.
Citizens National Bank
1 to 9.
Commercial National Bank &
1 to 9.
Trust Co.
Fort Scott—Citizens National Bank..
1 to 7.
Great Bend—First National Bank...
1 to 9.
Horton—First National Bank
1 to 9.
Hutchinson—
American National Bank..
Exchange National Bank
First National Bank
._
Independence—
Citizens First National
_
Ito4.
Security National Bank
Ito9.
Jewel City—First National Bank...
1 to 3, 5 to 8. Kansas City—Peoples N a t i o n a l
Bank.
Ito9.
Larnod—First National Bank in
1 to 4.
Larned.
Ito4.
LawrenceFirst National Bank
Ito9.
Lawrence National Bank
1 to 9.
Leavenworth—First National Bank..
Ito9.
Luray—First National Bank
Ito9.
ManhattanFirst National Bank
Ito7.
Union National Bank
Ito9.
Ottawa—Peoples National Bank
1 to 9.
Paola—Miami County National
Ito9.
Bank.

Ito8.
1 to 4.
1 to 9.
1 to 9.
Ito9.
1 to 3, 5 to 9.
1 to 3 and 5.
Ito9.
1 to 9.
1 to 9.
1 to 7 and 9.
1 to 9.
Ito4.
Ito9.
1 to 8.
1 to 4.
Ito9.
Ito9.
Ito3.
Ito9.
1 to 3 and 5
Ito8.
Ito8.
1.
Ito3.
Ito9.
1 to 9.
Ito4.
Ito9.

279

FIDUCIARY POWEBS
Powers
granted
DISTRICT NO. 10—Continued

DISTRICT NO. 10—Continued

KANSAS—continued

NEW MEXICO—continued

Farmington—First National Bank
Pratt—First National Bank
1 to 9.
Gailup—First National Bank in GalSabetha—National Bank of Sabetha- 1 to 4.
lup.
Salina—
Farmers National Bank
1 to 5 and 8 Raton—First National Bank in Raton.
Santa Fe—First National Bank
National Bank of America
1 to 9.
Topeka—National Bank of Topeka_. 1 to 9.
OKLAHOMA
Troy—First National Bank
1 to 3.
Wellington—First National Bank
1 to 9.
Ada—First National Bank
WichitaAnadarko—First National Bank
First National Bank
1 to 9.
Ardmore—First National Bank
Fourth National Bank
1 to 9.
Bartlesville—
Southwest National Bank
1 to 9.
First National Bank
Union National Bank
Ito9.
Union National Bank
Winfield—
Blackwell—First National Bank
First National Bank
1 to 9.
Bristow—American National Bank..
Winfield National Bank
_ 1 to 9.
Broken Arrow—First National Bank.
Cleveland—First National Bank
MISSOURI
Dewey—First National Bank
Enid(See also District No. 8)
Central National Bank
First National Bank.Cameron—First National Bank
1 to 3.
Guthrie—First National Bank
Carthage—Central National Bank
1 to 3.
Holdenville—First National Bank...
Independence—First National Bank. 1 to 9
HominyJoplin—Joplin National Bank & 1 to 9.
First National Bank
Trust Co.
National Bank of Commerce
Kansas City—
Columbia National Bank
1 to 4 and 9. Hooker—First National Bank
Lawton—City National Bank
Drovers National Bank
1 to 9.
Fidelity National Bank & Trust 1 to 9.
Me Alester—First National Bank
Co.
Miami—First National Bank
First National Bank
1 to 9.
Muskogee—
Interstate National Bank
1 to 9.
Commercial National Bank
Stockyards National Bank.
1 to 9.
First National Bank & Trust Co.
Traders Gate City National 1 to 9.
NormanBank.
First National Bank
Neosho—First National Bank
1 to 3.
Security National Bank
Plattsburg—First National Bank
1 to 9.
Okemah—
St. JosephFirst National Bank
American National Bank
1 to 4.
Okemah National Bank
Burns National Bank
_
1 to 4.
Oklahoma CityTootle-Lacey National Bank
1 to 8.
City National Bank & Trust Co.
Fidelity National Bank..
NEBRASKA
First National Bank & Trust Co..
Liberty National Bank.
Belden—First National B a n k . . . .
1 to 3, 5 to 9.
Butte—First National B a n k . .
1 to 3.
Tradesmens National Bank.
David City—First National B a n k . . . 1 to 9.
Okmulgee—
Central National Bank-Decatur—First National Bank.
1 to 3.
Citizens National Bank
Emerson—First National Bank
1 to 8.
Shawnee—
Genoa—Genoa National Bank
1 to 9.
Federal National Bank
Grand Island—First National Bank.. 1 to 9.
Shawnee National Bank
LincolnState National Bank
...
Continental National Bank
1 to 9.
Stillwater—
First National Bank.__
j 1 to 9.
First National Bank
Lyons—First National Bank
1 to 3.
Stillwater National Bank
Madison—First National Bank
1 to 7 and 9.
Tulsa—
Nebraska City—Nebraska City Na- 1 to 9.
Exchange National Bank
tional Bank.
First National Bank & Trust Co.
OmahaNational Bank of Commerce
First National Bank
1 to 9.
Woodward—First National Bank
Omaha National Bank
1 to 9.
United States National Bank
1 to 9.
WYOMING
Osmond—First National Bank
1 to 9.
Pender—First National Bank.
1, and 3 to 7.
Buffalo—First National Bank
Randolph—First National Bank
j 1 to 9.
CasperSouth Omaha—
Casper National Bank
Packers National Bank
1 to 9.
Wyoming National Bank
Stock Yards National Bank
4.
Cheyenne—
Utica—First National Bank
! 2 and 3.
American National Bank-Wahoo—First National Bank
1 to 3, 5 to 9.
Stock Growers National Bank--.
Wayne—FirstJNTational Bank
. . . | 1 to 9.
NEW MEXICO

I

(See also District No. 11)

j

AlbuquerqueAlbuquerque National Trust & 1 to 9.
Savings Bank.
First National Bank
' 1 to 7 and 9.


125554—32
19


CodyFirst National Bank
Shoshone National Bank
Evanston—First National Bank--__.
Kemmerer—First National Bank
Laramie—First National Bank
Powell—First National Bank
Rawlins—
First National Bank

2 and 3.
2 and 3.
lto 7.
1 to 9.
lto 9.
l t o 9.
lto 8.
lto 8.
4.
lto 9.
lto 9.
lto4, 6to9.
lto 9.
l t o 9.
lto 9.
l t o 9.
lto 8.
l t o 9.
lto3, 5to9
lto 9.
lto 3 and 5.
1 to 3, 5 to 7
and 9.
lto3, 5to7.
lto 9.
lto 8.
lto 9.
lto 9.
lto 9.
lto 8.
lto 9.
l t o 4.
l t o 9.
lto 9.
lto 9.
1 to 7 and 9.
1 to 9.
lto 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 and 4.
1 to 9.
lto 3, 5to9
2 and 3.
lto 4.
lto 5.
lto 9.
l t o 9.
lto 9.
1 to 9.
1 and 4.
l t o 3.
lto 4.
lto 3.
lto 8.
lto 9.

280

ANNUAL REPOET OF THE FEDERAL RESERVE BOARD
Power?3
granted

Powers
granted
DISTRICT NO. 10—Continued

DISTRICT NO. 11—Continued

WYOMING—continued

TEXAS—continued

Rawlins—Continued.
Rawlins National Bank
Rock Springs—Rock Springs National Bank.
Sheridan—First National Bank
_
Thermopolis—First National Bank--

Gainesville—First National Bank....
Galveston—
City National Bank__
First National B a n k . . .
Hutch ings-Sealy National Bank..
United States National Bank
Granger—First National Bank
Greenville—Greenville National Exchange Bank.
Haskell—Haskell National Bank
HoustonFirst National Bank
National Bank of Commerce
Second National B a n k . .
South Texas Commercial National Bank.
State National Bank
Union National Bank
Ttaly—First National Bank
Kingsville—First National Bank
La Grange—First National Bank
Longview—First National Bank

1 to 3.
Ito9.
1 to 9.
1 to 9.

DISTRICT NO. 11
ARIZONA

(See also District No. 12)
Nogales—First National Bank

j 1 to 8.

Tucson—Consolidated National Bankj 1 to 4.
LOUISIANA

(See also District No. 6)
Homer—Homer National Bank
Shreveport—
Commercial National Bank
First National Bank

1 to 8.
1 to 9.
....I 1 to 4.

NEW MEXICO

(See also District No, 10)
Roswell—First National Bank
1 to 3.
Silver City—American National Bankj 2 and 3.
TEXAS

Abilene—
Citizens National Bank
1 to 9.
Farmers & Merchants National 1 to 9.
Bank.
Albany—Albany National Bank
j 4.
Amarillo—First National Bank
l to 9.
AustinAmerican National Bank
1 to 0.
Austin National Bank
1 to 9.
BeaumontAmerican National Bank
1 to 9.
City National Bank.
_
1 to 9.
First National Bank
1 to 9.
Texas National Bank
1 to 9.
Bonham—First National Bank
1 to 3, 5 to 7.
Brady—Brady National Bank
1 to 3 and 5.
Brenham—First National Bank
1 to 7 and 9.
BrownsvilleMerchants National Bank
1 to 9.
State National Bank
1 to 9.
Cameron—Citizens National Bank
1 to 9.
Childress—First National Bank
1 to 9.
Claris ville—First National Bank
1 to 3,5 to 8.
Colorado—City National Bank
1 to 4.
Corpus Christi— Corpus Christi Na- 1 to 7.
tional Bank.
Corsicana—First National Bank
1 to 9.
DallasFirst National Bank
1 to 9.
National Bank of Commerce
1 to 4.
Republic National Bank & Trust 1 to 9.
Co.
Del Rio—Del Rio National Bank.___| 1 to 9.
Denison—
Citizens National Bank
1 to 9.
State National Bank
1 to 9.
El Paso—
El Paso National Bank
1 to 9.
State National Bank
1 to 9.
Floresville—City National Bank
1 to 9.
Fort W o r t h Continental National Bank
1 to 9.
First National Bank
1, 2, and 4.
Fort Worth National Bank
1 to 9.
Stockyards National Bank
| 1 to 4.




Lubbock—First National Bank
McKinney—Collin County National
Bank.
Marfa—Marfa National Bank
MarshallFirst National Bank
Marshall National Bank
Midland—Midland National B a n k - .
OrangeFirst National Bank
Orange National Bank
Palestine—Royall National Bank
Paris—First National Bank
Port A r t h u r First National Bank
Merchants National Bank
San Angelo—
Central National Bank
First National Bank
San AntonioAlamo National Bank
Frost National Bank
Groos National Bank
National Bank of Commerce
Sherman—Merchants & Planters National Bank.
Stanton—First National Bank
Stephenville—Farmers-First National
Bank.
Terrell—American National Bank
Texarkana — Texarkana
National
Bank.
Troup—First National Bank
TylerCitizens National Bank..—
Peoples National Bank
Victoria—Victoria National Bank.....
WacoCitizens National Bank
First National Bank
Wichita F a l l s City National Bank
First National Bank

1 to 9.
1 to 9.
l t o 9.
1 to 9.
l t o 9.
1 and 2.
l t o 4.
1 to 3, 5 to 8.
l t o 9.
1 to 7 and 9.
1 to 7 and 9.
l t o 9.
l t o 9.
l t o 9.
l t o 9.
l t o 9.
1.
1 to 3, 5,
and 8.
1 to 9.
1 to 9.
l t o 9.
1 to 3 and 5.
l t o 5.
1 to 9.
lto
lto
lto
lto

9,
9.
4.
9.

l t o 4.
l t o 9.
l t o 4.
l t o 9.
l t o 9.
l t o 9.
1 to 9.
l t o 9.
1 to 9.
l t o 3.
l t o 9.
l t o 8.
l t o 9.

l t o 9.
l t o 9.
l t o 4.
l t o 9.
l t o 8.
l t o 9.
l t o 9.

DISTRICT NO. 12
ALASKA

Fairbanks—First National Bank

l t o 9.

ARIZONA

Phoenix—First National Bank_>
Winslow—First National Bank.

l t o 9.
1.

281

FIDUCIARY POWEES

DISTRICT NO. 12-Continued
CALIFORNIA

Alhambra—First National Bank
Ito9.
Bakersfield—First National Bank
1 to 9.
Beverly HillsBeverly Hills National Bank &
Ito9.
Trust Co.
First National Bank
Chieo—First National Trust . Sav- 1 to 9.
&
in pa Bank
Fullerton—First National Trust & 1 to 8.
Savings Bank.
1 to 9.
Long Beach—California First National Bank.
Ito9.
Los Angeles—
Citizens National Trust & Sav- 1 to 9.
ings Bank.
Farmers & Merchants National 1 to 9.
Bank.
Seaboard National Bank
1 to 9.
Ito9.
Security-First National Bank
Mountain View—First National 4.
Bank
OaklandCentral National Bank.
1 to 9.
First National Bank
1 to 9.
Orange—First National Bank
1 to 9.
Orland—First National Bank
4.
Pasadena—Security National Bank.- Ito9.
Pleasanton—First National Bank
4.
Pomona—First National Bank..
1 to 3. 5 to 7.
Redwood City—First National Bank 1 to 3, 5, 7.
of San Mateo County.
to 9.
Riverside—Citizens National Trust 1 to 9.
& Savings Bank.
Sacramento—Capital National Bank_ 1 to 9.
Salinas—Salinas National Bank
4.
San Bernardino—American National 1 to 9.
Bank.
San DiegoFirst National Trust & Savings 1 to 9.
Bank.
La Jolla National Bank..
Ito9.
San FranciscoAnglo & London Paris National 1 to 9.
Bank.
Bank of America National Trust 1 to 9.
& Savings Association.
1 to 9.
Bank of California, N. A
1 to 9.
Crocker First National Bank
Pacific National Bank___
_. 1 to 3.
1 to 9.
Santa Ana—First National Bank
Santa Barbara—
County National Bank & Trust ! 1 to 9.
Co.
First National Trust & Savings ! 1 to 9.
Bank.
Stockton—First National Bank
_. 1 to 9.
1 to 5.
Ventura—Union National Bank
Whittier—Whittier National Trust j 1 to 9.
& Savings Bank.
Woodland—Bank of Woodland, N. A j 1 to 3, 5 to 7.
IDAHO

Boise1 to 9.
Boise City National Bank.
1 to 5.
First National Bank of Idaho
Hagerman—First National Bank
J 1.
Hailey—Hailey National Bank
1 to 3.
Idaho Falls—American National
Bank.
Lewiston—Lewiston National Bank.. 1 to 9.
Moscow—First National Bank.
1 to 4.
NEVADA

Reno—First National Bank in Reno. 1 to 7 and 9.
Tonopah—Nevada First National I 4 and 9.
Bank.
I




DISTRICT NO. 12—Continued
OREGON

Ashland—First National Bank
Athena—First National Bank.
Corvallis—First National Bank
Eugene—First National Bank
Grants Pass—First National Bank of
Southern Oregon.
Harrisburg—First National Bank
Hood River—First National Bank
Junction City—First National Bank..
Klamath FallsAmerican National Bank
First National Bank
McTvl innville—United States National Bank.
Marshfield—
Coos Bay National Bank
First National Bank of Coos Bay.
Medford—
First National Bank
Medford National Bank
Milton—First National Bank
Newberg—United States National
Bank of Newburg.
Pendleton—First Inland National
Bank.
PortlandFirst National Bank
,
Peninsula National Bank
United States National Bank
Salem—
First National Bank in Salem
United States National Bank
The Dalles—First National Bank

1 to 9.
1 to 9.
1 to 9.
1 to 5.
1 to 3, 5 to 7,
and 9.
1 to 3.
1 to 9.
1 to 3, 5 to 7,
and 9.
1 to 8.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 4.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

UTAH

Logan—First National Bank
Ogden—First National Bank
Price—First National Bank
Salt Lake City—
Continental National Bank &
Trust Co.
Deseret National Bank

1 to 9.
1.
2, 3, 5 to 8.
1 to 7 and 9.
1 to 4.

WASHINGTON

Aberdeen—Grays Harbor National
Bank.
Bellingham—
American National Bank
Bellingham National Bank
First National Bank
Northwestern National Bank
Burlington—First National Bank
Chechalis—First National Bank
Colfax—Farmers National Bank
Dayton—Columbia National Bank...
Ellensburg—Washington National
Bank.
EverettCitizens Security National Bank.
First National Bank
Longview—First National Bank
Mount VernonFirst National Bank
„
Skagit National Bank
Okanogan—First National Bank
Olympia—
Capital National Bank
Olympia National Bank
Port Angeles—First National Bank__
Pullman—First National Bank_
Raymond —First Willapa Harbor
National Bank.
Rosalia—Whitman County National
Bank.

1 to 9.
1 to 3 and 9.
1 to 9.
1 to 5 and 9.
1 to 9.
1 to 7 and 9.
1 to 9.
1 to 5.
1 to 3.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.
1 to 4.
1 to 9.
1 to
1 to
1 to
1 to

9.
9.
9.
7.

Ito9.
1 to 9.

282

ANNUAL, REPORT OF THE FEDERAL RESERVE BOARD
Powers
granted

DISTRICT NO. 12—Continued
WASHINGTON—continued

SeattleFirst National Bank
_ _ 1 to 9.
_
1 to 9.
National Bank of Commerce
1 to 9.
Pacific National Bank
University National Bank
_ 1 to 9.
_
Spokane—
First National Trust & Savings Ito9.
Bank.
Old National Bank & Union 1 to 9.
Trust Co.
Tacoma—
1 to 9.
National Bank of Tacoma._
1 to 9.
Puget Sound National Bank
1 to 9.
Toppenish—First National Bank

Powers
granted
DISTRICT NO. 12-Continued
WASHINGTON—continued

Vancouver—Vancouver N a t i o n a l
Bank.
Waitsburg—First National Bank
Walla Walla—
Baker-Boyer National Bank
First National Bank..
Wenatcbee—First National Bank
Yakima—Yakima First National
Bank.

1 to 4.
Ito9.
1 to 9.
1 to 9.
1 to 9.
1 to 9.

HAWAIIAN ISLANDS

Honolulu—Bishop First National
Bank.

Ito8.

NOTE.—The above list does not include the names of national banks which have received permission
to administer trusts transferred to them in connection with the acquisition of assets of other banking
institutions, but which have not been granted the right to accept new trust business.




BANKS AUTHORIZED TO ACCEPT BILLS UP TO 100 PER
CENT OF CAPITAL AND SURPLUS
The following banks have been granted authority by the Federal
Reserve Board to accept drafts and bills of exchange up to 100 per
cent of their capital stock and surplus:
DISTRICT NO. 1
Connecticut:
Massachusetts—Continued.
Hartford—Hartford National Bank & Trust
Dedham—Dedbam National Bank.
Fitchburg—Safety Fund National Bank.
Co.
New Bedford—
New Haven—First National Bank & Trust Co.
First National Bank.
Maine:
Safe Deposit National Bank.
PortlandSpringfield — Springfield National Bank.
Canal National Bank.
Worcester—Worcester County National Bank.
Portland National Bank.
Rhode Island:
Massachusetts:
Providence—
BostonFirst National Bank.
Blackstone Canal National Bank.
Merchants National Bank.
Industrial Trust Co.
National Shawmut Bank.
National Bank of Commerce & Trust Co.
Old Colony Trust Co.
Providence National Bank.
Second National Bank.
Rhode Island Hospital Trust Co.
State Street Trust Co.
Webster & Atlas National Bank.
DISTRICT NO. 2
New York—Continued.
Connecticut:
New York City—Continued.
Bridgeport—First National Bank & Trust Co.
Chemical Bank & Trust Co.
New Jersey:
Commercial National Bank & Trust Co.
Hoboken—First National Bank.
Corn Exchange Bank Trust Co.
Newark—National Newark & Essex Banking
Fifth Avenue Bank.
Co.
First National Bank.
New Brunswick—National Bank of New JerGrace National Bank.
sey.
Guaranty Trust Co.
Paterson—
Harriman National Bank & Trust Co.
Hamilton Trust Co.
Irving Trust Co.
Paterson National Bank.
Marine Midland Trust Co.
New York:
National City Bank.
New York CityNew York Trust Co.
Bank of New York & Trust Co.
Public National Bank & Trust Co.
Bankers Trust Co.
Chase National Bank.
DISTRICT NO. 3
Pennsylvania—Continued.
Pennsylvania:
Philadelphia—Continued.
PhiladelphiaCorn Exchange National Bank & Trust Co.
Philadelphia National Bank.
First National Bank.
Tradesmen's National Bank & Trust Co*
Market Street National Bank.
Ohio:
Cincinnati—
Fifth-Third Union Trust Co.
Cleveland—
Central United National Bank.
Cleveland Trust Co.
Guardian Trust Co.
Union Trust Co.
ColumbusCity National Bank & Trust Co.
Ohio National Bank.




DISTRICT NO. 4
Pennsylvania:
Brad dock—First National Bank.
Greensburg—First National Bank & Trust Co.
PittsburghFirst National Bank.
Mellon National Bank.
Union National Bank.
Union Trust Co.
West Virginia:
Wheeling—Wheeling Bank & Trust Co,
283

284

ANNUAL. REPORT OF THE FEDERAL RESERVE BOARD

DISTRICT NO. 5
Maryland:
Virginia:
Baltimore—
Danville—First National Bank.
Baltimore Commercial Bank.
Hampton—Merchants National Bank.
Baltimore Trust Co.
NorfolkFirst National Bank.
Norfolk National Bank of Commerce &
Maryland Trust Co.
Trusts.
National Marine Bank.
Seaboard-Citizens National Bank.
"Western National Bank.
Virginia National Bank.
South Carolina:
RichmondCharleston—South Carolina National Bank.
Bank of Commerce & Trusts.
Orangeburg—Edisto National Bank,
Central National Bank.
Rock Hill—Peoples National Bank.
First-Merchants National Bank.
DISTRICT NO. 6
Alabama:
G eorgia—C ontinued.
Decatur—First National Bank in Decatur.
Vaidosta—First National Bank.
Huntsville—Henderson National Bank.
Louisiana:
Mobile—
Lake Charles—First National Bank.
First National Bank.
New OrleansMerchants National Bank.
American Bank & Trust Co.
Montgomery—First National Bank.
Canal Bank & Trust Co.
Florida:
Hibernia Bank & Trust Co.
Jacksonville—Atlantic National Bank.
Interstate Trust & Banking Co.
Pensacola—Citizens & Peoples National Bank.
Whitney National Bank
Georgia:
Mississippi:
Albany—Albany Exchange National Bank.
Laurel—First National Bank.
Atlanta—First National Bank
Vicksburg—Merchants National Bank
Macon—First National Bank & Trust Co.
Trust Co.
Savannah—
Tennessee:
Citizens & Southern National Bank.
ChattanoogaCitizens Bank & Trust Co.
First National Bank.
Savannah Bank & Trust Co.
Hamilton National Bank.
Clarksville—First National Bank.
DISTRICT NO. 7
Illinois:
Indiana:
ChicagoBrazil—Riddell National Bank.
Continental National Bank & Trust Co.
Indianapolis—Fletcher-American National
Drovers National Bank.
Bank.
First National Bank.
Michigan:
Harris Trust & Savings Bank.
Detroit—First Wayne National Bank
Peoria—Commercial Merchants National Bank Wisconsin:
& Trust Co.
Milwaukee—First Wisconsin National Bank.
Missouri:
St. LouisFirst National Bank in St. Louis.
Mississippi Valley Trust Co.

DISTRICT NO. 8
Tennessee:
Mem phis—
First National Bank.
Union Planters National Bank & Trust Co,

DISTRICT NO. 9
M innesota—C on tinued.
Minnesota:
Minneapolis—ContinedMinneapolisNorthwestern National Bank.
First National Bank in Minneapolis.
St. Paul—First National Bank.
Midland National Bank & Trust Co.
Colorado:
Denver—Denver National Bank.
Kansas:
Hutchinson—First National Bank.
Lawrence—Lawrence National Bank
Missouri:
Kansas CityCommerce Trust Co.




DISTRICT NO. 10
Missouri—Continued.
Kansas City—Continued.
Fidelity National Bank & Trust Co.
First National Bank.
St. Joseph—First National Bank.
Oklahoma:
Oklahoma City—First National Bank & Trust
Co.

BANKS AUTHORIZED TO ACCEPT BILLS UP TO 100 PEE CENT

285

DISTRICT NO. 11
Arizona:
Nogales-—First National Bank.
Texas:
Austin—American National Bank.
Brownwood—First National Bank in Brownwood.
Corpus Christi—State National Bank.
DallasFirst National Bank in Dallas.
Republic National Bank & Trust Co.
Eagle Pass—First National Bank.
Fort W o r t h Fort Worth National Bank.
Stockyards National Bank.

Texas—Continued*
Galveston—
Hutchings-Sealy National Bank.
United States National Bank.
Hillsboro—Citizens National Bank.
Houston—
First National Bank.
Houston National Bank.
National Bank of Commerce.
Second National Bank.
South Texas Commercial National Bank.
Union National Bank.
Navasota—First National Bank.
San Angelo—First National Bank.
Terrell—American National Bank.
Waco—First National Bank.

DISTRICT NO. 12
California:
Los Angeles—
Citizens National Trust & Savings Bank.
Security-First National Bank.
San FranciscoAmerican Trust Co.
Anglo & London-Paris National Bank.
Bank of California, N. A.
Crocker-First National Bank.
Pacific National Bank.
Wells Fargo Bank & Union Trust Co.
Santa Barbara—First National Trust & Savings
Bank.




Oregon:
Portland—
First National Bank.
United States National Bank.
Washington:
SeattleFirst National Bank.
National Bank of Commerce.
Spokane—
Old National Bank & Union Trust Co.
Spokane & Eastern Trust Co.
Tacoraa—National Bank of Tacoma.

DESCRIPTION OF FEDERAL RESERVE DISTRICTS
Land area Population
(square July 1,1931
miles)
(estimated)

Fecleral reserve district

No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.

61,345
51,890
36,842
73,424
152, 316
248,226
190,513
194,810
414,004
480,438
386, 116
683,852

124, 070,000

61, 345

Total.

7,834, 000
16,343, 000
7,619, 000
11,407,000
11, 073, 000
11, 339, 000
18, 606, 000
9, 676, 000
5, 370, 000
7, 967, 000
7, 078, 000
9, 758, 000

2,973, 776

1—Boston
2—New York
3—Philadelphia..4—Cleveland
5—Richmond
6—Atlanta
7—Chicago
8—St. Louis
9—Minneapolis
10—Kansas C i t y 11—Dallas
12—San Francisco.

7, 834, 000

4,189
29,895
8,039
9,031
1,067
9,124

1, 233, 000
800, 000
4, 280, 000
467, 000
694, 000
360, 000

FEDERAL RESERVE DISTRICTS

DISTRICT NO. 1—BOSTON

Connecticut (excluding Fairfield County)
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont

._

DISTRICT NO. 2—NEW YORK

Connecticut (Fairfield County)
New Jersey
Counties o—
f
Bergen.
Hunterdon.
Essex.
Middlesex.
Hudson.
Monmouth.
New York

51,8

286




Gloucester.
Mercer.
Lebanon.
Lehigh.
Luzerne.
Lycoming.
McKean.
Mifflin.
Monroe.
Montgomery.
Montour.
Northampton.
Northumberland.
Perry.

12,756,000
7, 619, 000
240,000
913, 000

30, S63

—

47, 654

1,965
3,909

Sussex.
Union.
Warren.

391, 000
3,196, 000

36,842

Morris.
Passaic.
Somerset.

DISTRICT NO. 3—PHILADELPHIA

Delaware
New Jersey
Counties o—
f
Atlantic.
Cape May.
Burlington.
Cumberland.
Camden.
Pennsylvania
Counties o—
f
Adams.
Clinton.
Bedford.
Columbia.
Berks.
Cumberland.
Blair.
Dauphin.
Bradford.
Delaware.
Bucks.
Elk.
Cambria.
Franklin.
Cameron.
Fulton.
Carbon.
Huntingdon.
Center.
Juniata.
Chester.
Lackawanna.
Clearfield.
Lancaster.

16, 343, 000

631
3,605

6, 466, 000

Ocean.
Salem.
Philadelphia.
Pike.
Potter.
Schuylkil].
Snyder.
Sullivan.
Susquehanna
Tioga.
Union.
Wayne.
Wyoming.
York.

DESCRIPTION OF FEDERAL RESERVE DISTRICTS

287

FEDERAL RESERVE DISTRICTS—Continued
Land area Population
(square July 1, 1931
miles)
(estimated)

Federal reserve district

73,424

Kentucky (eastern part)
Counties of—
Bath.
Fleming.
Bell.
Floyd.
Boone.
Garrard.
Bourbon.
Grant.
Boyd.
Greenup.
Bracken.
Harlan.
Breathitt.
Harrison.
Campbell.
Jackson.
Carter.
Jessamine.
Clark.
Johnson.
Clay.
Kenton.
Elliott.
Knott.
Estill.
Knox.
Fayette.
Laurel.
Ohio
Pennsylvania (western part)
Counties of—
Allegheny.
Crawford.
Armstrong.
Erie.
Beaver.
Fayette.
Butler.
Forest.
Clarion.
Greene.
West Virginia (nortliern part)
Counties ofBrooke.
Marshall.
Hancock.
Ohio.

Lawrence.
Lee.
Leslie.
Letcher.
Lewis.
Lincoln.
McCreary.
Madison.
Magoffm.
Martin.
Mason.
Menifee.
Montgomery.
Morgan.

Nicholas.
Owsley.
Pendleton.
Perry.
Pike.
Powell.
Pulaski.
Robertson.
Rockcastle.
Rowan.
Scott.
Whitley.
Wolfe.
Woodford.

Indiana.
Jefferson.
Lawrence.
Mercer.
Somerset.

Counties ofHarrison.
Adams.
Hinds.
Amite.
Issaquena.
Clai borne.

Clarke.
Copiah.
Covington.
Forrest.
Franklin.
George.
Greene.
Hancock.

6,714,000
3 234 000

1,206

202,000

152,316

11,073,000

62
9,941
48,740
30,495
40,262
22,816

Mingo.
Monongalia.
Monroe.
Morgan.
Nicholas.
Pendleton.
Pleasants.
Pocahontas.
Preston.
Putnam.
Raleigh.
Randolph.
Ritchie.

51,279
54,861
58,725
28,891

Rapides.
St. Bernard.
St. Charles.
St. Helena.
St. James.
St. John the Baptist.
St. Landry.
St. Martin.
St. Mary.
St. Tammany.

491,000
1 645 00C
3,217,000
1 743 00C
2 430 000
1,547,000
A y \J^LKJ^ \J\J\J

Roane.
Summers.
Taylor.
Tucker.
Upshur.
Wayne.
Webster.
Wirt.
Wood.
Wyoming.

248,226

Lawrence.
Leak©.
Lincoln.
Jackson.
Madison.
Jasper.
Marion.
Jefferson.
Neshoba.
Jefferson Davis. Newton.
Jones.
Pearl River.
Perry.
Kemper.
Pike.
Lamar.
Rankin*
Lauderdale.




40,740
13,864

Tyler.
Wetzel.

DISTRICT N O . 6—ATLANTA

Alabama
Florida
Georgia._ .
Louisiana (southern part)
Parishes ofAcadia.
Evangeline.
Allen.
Iberia.
Ascension.
Iberville.
Assumption.
Jefferson.
Avoyelles.
Jefferson Davis.
Lafayette.
Beauregard.
La Fourche.
Calcasieu.
Livingston.
Cameron.
E a s t B a t o n Orleans.
Plaquemines.
Rouge.
East Feliciana. Pointe Coupee.
Mississippi (southern part)

1,257,000

Venango.
Warren.
Washington.
Westmoreland.

DISTRICT N O . 5—RICHMOND

District of Columbia
Maryland
North Carolina > South Carolina
Virginia
West Virginia (soutlhern part)
Counties ofBarbour.
Hardy.
Berkeley.
Harrison.
Boone.
Jackson.
Braxton.
Jefferson.
Cabell.
Kanawha.
Calhoun.
Lewis.
Clay.
Lincoln.
Doddridge.
Logan.
Fayette.
McDowell.
Gilmer.
Marion.
Grant.
Mason.
Greenbrier.
Mercer.
Hampshire.
Mineral.

11,407,000

17,614

DISTRICT N O . 4—CLEVELAND

11,339,000
2 fifiQ ODfl
1,506,000
2,909,000
mtp \J\Ji7f

\J\J\J

Tangipahoa.
Terre bonne.
Vermilion.
Vernon.
Washington.
West Baton
Rouge.
West Feliciana.

25,519

Scott.
Sharkey.
Simpson.
Smith.
Stone.
Waithall.
Warren.
Wayne.
Wilkinson.
Yazoo.

971,000

288

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
FEDERAL RESERVE

DISTRICTS—Continued
Land area Population
(square July 1,1931
miles)
(estimated)

Federal reserve district

DISTRICT N O . 6.—ATLANTA—Continued.

Tennessee (eastern part) _„_. _ _
Counties o—
f
Anderson.
Giles.
Bedford.
Grainger.
Bledsoe.
Greene.
Blount.
Grundy.
Bradley.
Hamblon.
Campbell.
Hamilton.
Cannon.
Ilaneock.
Carter.
Hawkins.
Cheatham.
Hickman.
Claiborne.
Houston.
Clay.
Humphreys.
Cocke.
Jackson.
Coffee.
Jefferson.
Cumberland.
Johnson.
Davidson.
Knox.
De Kalb.
Lawrence.
Dickson.
Lewis.
Fentress.
Lincoln.
Franklin.
Loudon.

30,951

McMinn.
Macon.
Marion.
Marshall.
Maury.
Meigs.
Monroe,
Montgomery.
Moore.
Morgan.
Overt on.
Perry.
Pickett.
Polk.
Putnam.
Rhea.
Roane.
Robertson.
Rutherford.

TJnicoi.

Union.
Van Buren.
Warren.
Washington.
Wayne.
White.
Williamson.
Wilson.

DISTRICT N O . 7.—CHIC AGO

Illinois (northern p art') _ .
Counties o—
f
Boone.
Ford.
Bureau.
Fulton.
Carroll.
Grundy.
Cass.
Hancock.
Champaign.
Henderson.
Christian.
Henry.
Clark.
Iroquois.
Coles.
Jo Daviess.
Cook.
Kane.
Cumberland.
Kankakee.
De Kalb.
Kendall.
De Witt.
Knox.
Douglas.
Lake.
Du Page.
La Sslle.
Edgar.
Lee.
Indiana (northern part)
Counties o—
f
Adams.
Fountain.
Allen.
Franklin.
Bartholomew. Fulton.
Benton.
Grant.
Blackford.
Hamilton.
Boone.
Hancock.
Brown.
Hen d ricks»
Carroll.
Henry.
Cass.
Howard.
Clay.
Huntmgton.
Clinton.
Jasper.
Dearborn.
Jay.
Decatur.
Jennmgs.
De Kalb.
Johnson.
Delaware.
Kosciusko.
Slkhart
Lagrange.
Fayette.
Lake..
Iowa
Michigan (southern part)
Counties o—
f
Alcona.
Eaton.
Allegan.
Emmet.
Alpena.
Genesee.
Antrim.
Gladwin.
Grand Traverse
Arenac.
Barry.
Gratiot.
Bay.
Hillsdale.
Benzie.
Huron.
Beirien.
Ingham.
Branch.
Ionia.
Calhoun.
Iosco.
Cass.
Isabella.
Charlevoix.
Jackson.
Cheboygan.
Kalamazoo.
Claire.
Kalkaska.
Clinton.
Kent.
Crawford.
Lake.




1, 844, 000

Scott.
Sequatchie.
Sevier.
Smith.
Stewart.
Sullivan.
Suraner.
Trousdale.

190>513

18, 606, 000

35,448

2,649, 000

55,586
40,789

2, 476, 000
4,607,000

Rock Island.
Sangamon.
Schuyler.
Shelby.
Stark.
Stephenson.
Tazewell.
Vermilion.
Warren.
Whitesido.
Will.
Winnebapo.
Woodford.

La Porte.
Madison.
Marion.
Marshall.
Miami.
Monroe.
Montgomery.
Morgan.
Newton.
Noble.
Ohio.
Owen.
Parke.
Porter.
Pulaski.
Putnam.
Randolph.

6, 463, 000

26,707

Livingston.
Logan.
McDonough.
McHenry.
McLean.
Macon.
Marshall.
Mason.
Menard.
Mercer.
Moultrie.
Ogle.
Peoria.
Piatt.
Putnam.

Ripiey.
Rush.
St. Joseph.
Shelby.
Siarke.
Steubcn.
Tippecanoe.
Tipton.
Union.
Vermillicn.
Vigo.
Wabash.
Warren.
Wavne.
Wells.
White.
Whitley.

Lapeer.
Leelanau.
Lenawee.
Livingston.
Macomb.
Manistee.
Mason.
Mecosta.
Midland.
Missaukee.
Monroe.
Montcalm.
Montmorency.
Muskegon.
Newaygo.
Oakland.
Oceana.

Ogemaw.
Osceola.
Oscoda.
Otsego.
Ottawa.
Presque Isle.
Iloscoxnmon.
Saginaw.
St. Clair.
St. Joseph.
Sanilac.
Shiawassee.
Tuscola.
Van Buren.
Washtenaw.
Wayne.
Wexford.

DESCRIPTION OF FEDERAL RESERVE DISTRICTS
FEDERAL RESERVE

289

DISTRICTS—Continued
Population
July 1,1932
(estimated)

Federal reserve district

DISTRICT N O . 7.—CHICAGO— Continued.

Wisconsin (southern part)
Counties o—
f
Adams.
Green Lake.
Brown.
Iowa.
Calumet.
Jackson.
Clark.
Jefferson.
Columbia.
Juneau.
Crawford.
Kenosha.
Dane.
Kewaunee.
Dodge.
Lafayette.
Door.
Langlade.
Fond du Lac. Manitowoc
Grant.
Marathon.
Green.
Marinette.
DISTRICT N O . 8—ST. LOUIS

Marquette,
Milwaukee.
Monroe.
Oconto.
Outaganiie.
Ozaukce.
Portage.
Racine.
Richland.
Rock.
Sauk.
Shawano.
-

Arkansas
Illinois (southern part)
Counties o—
f
Adams.
Franklin.
Macoupin.
Alexander.
Gallatin.
Madison.
Bond.
Greene.
Marion.
Brown.
Hamilton.
Massac.
Calhoun.
Hardin.
Monroe.
Clay.
Jackson.
Montgomery.
Clinton.
Jasper.
Morgan.
Crawford.
Jefferson.
Perry.
Edwards.
Jersey.
Pike.
Effingham.
Johnson.
Pope.
Fayette.
Lawrence.
Pulaski.
Indiana (southern part).
—
Counties of—
Clark.
Greene.
Martin.
Crawford.
Harrison.
Orange.
Daviess.
Jackson.
Perry.
Dubois.
Jefferson.
Pike.
Floyd.
Knox.
Posey.
Gibson.
Lawrence.
Scott.
Kentucky (western part)
Counties o—
f
Adair.
Crittenden.
Hopkins.
Allen.
Cumberland.
Jefferson.
Anderson.
Daviess.
Larue.
Ballard.
Edmonson.
Livingston.
Barren.
Franklin.
Logan.
Boyle.
Fulton.
Lyon.
Breckenridge. Gallatin.
McCracken.
Bullitt.
Graves.
McLean.
Butler.
Grayson.
Marion.
Caldwell.
Green.
Marshall.
Oalloway.
Hancock.
Meade.
Carlisle.
Hardin.
Mercer.
Carroll.
Hart.
Metcalfe.
Casey.
Henderson.
Monroe.
Christian.
Henry.
Muhlenberg.
Clinton.
Hickinan.
Nelson.
Mississippi (northern part)
_
Counties o—
f
Alcorn.
De Soto.
Monroe.
Attala.
Grenada.
Montgomery.
Benton.
Holmes.
Noxubee.
Bolivar.
Humphreys.
Oktibbeha.
Calhoun.
Itawamba.
Panola.
Carroll.
Lafayette.
Pontotoc.
Chickasaw.
Lee.
Prentiss.
Choctaw.
Leflore.
Quitman.
Clay.
Lowndes.
Sunflower.
Coahoma.
Marshall.
Tallahatehie.




Sheboygan.
Vernon.
Walworth.
Washington,
Waukesha.
Waupaca.
Waushara.
Winnebago.
Wood.

Randolph.
Richland.
St. Clair.
Saline.
Scott.
Union.
Wabash.
Washington.
Wayne.
White.
Williamson.
Spencer.
Sullivan.
Switzerland.
Vanderburg.
Warrick.
Washington.
Ohio.
Oldham.
Owen.
Russell.
Shelby.
Simpson.
Spencer.
Taylor.
Todd.
Trigg.
Trimble.
Union.
Warren.
Washington.
Wayne.
Webster.
Tate.
Tippah.
Tishomingo.
Tunica.
Union.
Washington.
Webster.
Winston.
Yalobusha.

9,338

613,000

22,567

1,373,000

20,843

1,055,000

290

ANNUAL REFORT OF THE FEDERAL RESERVE BOARD
FEDERAL RESERVE

DISTRICTS—Continued
Land area Population
(square July 1,1931
miles)
I (estimated)

Federal reserve district

DISTEICT N o . 8.—ST. LOUIS—Continued.

Missouri (eastern part)
Counties o—
f
Adair.
Douglas.
Audrain.
Dunklin.
Barry.
Franklin.
Benton.
Gasconade.
Bollinger.
Greene.
Boone.
Grundy.
Butler.
Harrison.
Caldwell.
Henry.
Callaway.
Hickory.
Camden.
Howard.
Cape Girardeau. Howell.
Carroll.
Iron.
Carter.
Jefferson.
Cedar.
Johnson.
Chariton.
Knox.
Christian.
Laclede.
Clark.
Lafayette.
Cole.
Lawrence.
Cooper.
Lewis.
Crawford.
Lincoln.
Dade.
Linn.
Dallas.
Livingston.
Daviess.
Macon.
Dent.
Madison.
Tennessee (western part)
Counties o—
f
Benton.
Fayette.
Carroll.
Gibson..
Chester.
Hardeman.
Crockett.
Hardin.
Decatur.
Haywood.
Dyer.
Henderson.

58,206
Maries.
Marion.
Mercer.
Miller.
Mississippi.
Moniteau.
Monroe.
Montgomery.
Morgan.
New Madrid.
Oregon.
Osage.
Ozark.
Pemiscot.
Perry.
Pettis.
Phelps.
Pike.
Polk.
Pulaski.
Putnam.
Rails.
Randolph.
Ray.

Reynolds.
Ripley.
St. Charles.
St. Clair.
St. Francois.
St. Louis.
St. Louis City.
Ste. Genevieve.
Saline.
Schuyler.
Scotland.
Scott.
Shannon.
Shelby.
Stoddard.
Stone.
Sullivan.
Taney.
Texas.
Warren.
Washington.
Wayne.
WTebster.
Wright.

Henry.
Lake.
Lauderdale.
McNairy.
Madison.
Obion.

Shelby.
Tipton.
Weakley.

324, 000

2, 577,000
i 537, 606
683,000
697,000
551,000

480,438

7, 967, 000

103, 658
81, 774
10,521

1, 043,000
1, 889,000
922, 000

76,808
48,359

1,384,000
235,000

Menominee.
Ontonagon.
Schoolcraft.

Sawyer.
Taylor.

Trempealeau
Vilas.
Washburn.

DISTEICT N O . 10—KANSAS CITY.

Colorado.,
Kansas
Missouri (western part)
Counties o—
f
Holt.
Andrew.
Oass.
Nodaway.
Jackson.
Atchison.
Clay.
Platte.
Jasper.
Barton.
Clinton.
Vernon.
McDonald.
Bates.
De Kalb.
Worth.
Newton.
Buchanan.
Gentry.
Nebraska
New Mexico (northern part)
Counties o—
f
Bernalillo.
Mora.
San Miguel.
Valencia.
Colfax.
Rio Arriba.
Santa Fe.
Taos.
Harding.
Sandoval.
Union.
McKinley.
San Juan.
i Population Apr. 1, 1930; decreased 1920 to 1930; no estimate made.




5,370,000

SO, 858
146,131
70, 183
76,868
23, 273
Oneida.
Pepin.
Pierce.
Polk.
Price.
Rusk.
St. Croix.

794,000

16,691
Keweenaw.
Luce.
Mackinac.
Marquette.

10, 736

414, 004

DISTEICT N O . 9—MINNEAPOLIS.

Michigan (northern part)
Counties o—
f
Alger.
Dickinson.
Baraga.
Gogebic.
Chippewa.
Houghton.
Delta.
Iron.
Minnesota
Montana
North Dakota
South Dakota
Wisconsin (northern part)
Counties o—
f
Ashland.
Dunn.
Barron.
Eau Claire.
Bay field.
Florence.
Buffalo.
Forest.
Burnett.
Iron.
Chippewa.
La Crosse.
Douglas.
Lincoln.

2,724,000

ANNUAL REPORT OF THE FEDERAL RESERVE BOARD
FEDERAL RESERVE

DISTRICTS—Continued
Land area Population
J u l y 1,1931
(square
miles)
(estimated)

Federal reserve district

DISTRICT N O . 10-KANSAS CITY—Continued.
Oklahoma (northwt»st,p,rn Dart")

Counties o—
f
Adair.
Ellis.
Alfalfa.
Garfield.
Beaver.
Garvin.
Beckham.
Grady.
Blaine.
Grant.
Caddo.
Greer.
Canadian.
Harmon.
Carter.
Harper.
Cherokee.
Haskell.
Cimarron.
Hughes.
Cleveland.
Jackson.
Comanche.
Jefferson.
Cotton.
Kay.
Craig.
Kingfisher.
Creek.
Kiowa.
Custer.
Latimer.
Delaware.
Le Flore.
Dewey.
Lincoln.
Wyoming

Logan.
Love.
McClain.
Mclntosh.
Major.
Mayes.
Murray.
Muskogee.
Noble.
Nowata.
Okfuskee.
Oklahoma.
Okmulgee.
Osage.
Ottawa.
Pawnee.
Payne.
Pittsburg.

61, 770

97, 548




129, 000

18, 518

685, 000

74,144

193,000

7,644

158,000

Santa Cruz.

Madison.
Morehouse.
Natchitoches.
Ouachita.
Red River.
Richland.
Sabine.

7,078,000

23, 412

Pima.

228, 000

386,116

Arizona (southeastern part)
Counties o—
f
Cochise.
Greenlee.
Graham.
Louisiana (northern part)
Parishes ofDe Soto.
Bienville.
East Carroll
Bossier.
Franklin.
Caddo.
Grant.
Caldwell.
Jackson.
Catahoula.
La Salle.
Claiborne.
Lincoln.
Concordia.
New Mexico (southern part)
Counties o—
f
Catron.
Eddy.
C haves.
Grant.
Curry.
Guadalupe.
De Baca.
Hidalgo.
Dona Ana.
Lea.
Oklahoma (southeastern part) _
Counties o—
f
Atoka.
Choctaw.
Bryan.
Coal.
Texas

Arizona (northwestern part)
Counties o—
f
Apache.
Marieopa.
Coconino.
Mohave.
Gila.
California
Idaho
Nevada
Oregon .
__ . «
.
Utah
Washington

2, 266, 000

Pontotoc.
Pottawatomie.
Roger Mills.
Rogers.
Seminole.
Sequoyah.
Stephens.
Texas.
Tillman.
Tulsa.
Wagoner.
Washington.
Washita.
Woods.
Woodward.

DISTRICT N O . 11—DALLAS

DISTRICT N O . 12—SAN FRANCISCO

291

Tensas.
Union.
Webster.
West Carroll.
Winn.

Lincoln.
Luna.
Otero.
Quay.
Roosevelt.

Torrence.

Johnston.
McCurtain.

Marshall.
Pushmataha.

Sierra.
Socorro.

5, 913, 000
9,758, 000

90, 398

Navajo.
Pinal.

262, 398
683,852

.

314,000

155, 652
83, 354
109,821
95, 607
82,184
66,836

5, 848,000
446,000
92,000
967,000
512, 000
1, 579, 000

Yavapai.
Yuma.

FEDERAL RESERVE BRANCH TERRITORIES
[December 31,1831]
BUFFALO BRANCH (District No. 2).—The 10 most westerly counties of New York State, as follows:
Monroe
Orleans
Allegany
Wyoming
Chautauqua
Genesee
Erie
Cattaraugus
Livingston
Niagara
CINCINNATI BRANCH (District No. 4).—That part of Kentucky in Federal reserve district No. 4,, aud the
following 25 counties in southern Ohio:
Greene
Meigs
Ross
Adams
Clermont
Hamilton
Miami
Scioto
Athens
Clinton
Highland
Montgomery
Vinton
Brown
Darke
Jackson
Pike
Warren
Butler
Fayette
Lawrence
Preble
Wash ington
Clark
Gallia
PITTSBURGH BRANCH (District No. 4).—Those portions of the States of Pennsylvania and West Virginia;
included in Federal reserve district No. 4.
BALTIMORE BRANCH (District No. 5).—The State of Maryland and the following 30 counties of West;
Virginia:
Barbour
Grant
Lewis
Pendleton
Taylor
Berkeley
Hampshire
Marion
Pleasants
Tucker
Braxton
Hardy
Mineral
Preston
Upshur
Calhoun
Harrison
Monongalia
Randolph
Webster
Doddridge
Jackson
Morgan
Ritchie
Wirt
Gilmer
Jefferson
Nicholas
Roane
Wood
CHARLOTTE BRANCH (District No, 5).—The following counties in the States of North Carolina aad South
Carolina::
NORTH CAROLINA

Alexander
Alleghany
Ashe
Avery
Buncombe
Burke
Cabarrus

Caldwell
Catawba
Cherokee
Clay
Cleveland
Gaston
Graham

Haywood
Henderson
Iredell
Jackson
Lincoln
Macon
Madison

McDowell
Mecklenburg
Mitchell
Polk
Rowan
Rutherford
Stanly

Swain
Transylvania
Union
Watauga
Wilkes
Yancey

SOUTH CAROLINA

Newberry
Lancaster
Abbeville
Saluda
Edgefield
Aiken
Spartanburg
Oconee
Laurens
Fairfieid
Anderson
Union
Pickens
Lexington
Greenville
Cherokee
York
Richland
McCormick
Greenwood
Chester
BIRMINGHAM BRANCH (District No. 6).—The State of Alabama except the following: counties: Mobile,
Baldwin, Russell, Pike, Barbour, Coffee, Dale, Henry, Covington, Geneva, and Houston, and towns and
cities in Lee and Chambers counties located on or south of the Atlanta & West Point Railroad and th«s
Western Railway of Alabama.
JACKSONVILLE BRANCH (District No. 6).—The entire State of Florida.
NASHVILLE BRANCH (District No. 6).—That part of the State of Tennessee included in Federal reserve
district No. 6 with the exception of the city of Chattanooga.
N E W ORLEANS BRANCH (District No. 6).—Those parts of the States of Louisiana and Mississippi located
in Federal reserve district No. 6, and the counties of Mobile and Baldwin in Alabama.
DETROIT BRANCH (District No. 7).—The following 19 counties in the State of Michigan:
Bay
Ingham
Livingston
Saginaw
Tuscola
Genesee
Jackson
Macomb
Sanilac
Washtenaw
Hillsdale
Lapeer
Monroe
St. Clair
Waj'ne
Huron
Lenawee
Oakland
Shiawassee
LITTLE ROCK BRANCH (District No. 8).—Territory is not determined by State or county lines. Branch
territory consists of all cities in Arkansas except those assigned to the head office and to the Memphis
branch. (For names of cities see Federal Reserve Interdistrict Collection System list.)
LOUISVILLE BRANCH (District No. 8).—Territory is not determined by State or county lines. Branch
territory consists of all cities in Kentucky and Indiana, included in Federal reserve district No. 8, except
those assigned to the head office. (For names of cities see Federal Reserve Interdistrict Collection System list.)
MEMPHIS BRANCH (District No. 8) .—Territory is not determined by State or county lines. Branch
territory consists of all cities in Mississippi included in Federal reserve district No. 8; all cities in Tennessee included in district No. 8, except those assigned to St. Louis, and cities in Arkansas not assigned
to St. Louis or Little Rock. (For names of cities see Federal Reserve Interdistrict Collection F^stem
list.)
*'
,
.

293




ANNUAL REPORT OF THE FEDERAL RESERVE BOARD

293

HELENA BRANCH (District No. 9).—The entire State of Montana.
DENVER BRANCH (District No. 10).—The entire State of Colorado and that part of the State of New
Mexico included in Federal reserve district No. 10.
OKLAHOMA CITY BRANCH (District No. 10).—That part of the State of Oklahoma located in Federal reserve
district No. 10.
OMAHA BRANCH (District No. 10).—The entire States of Nebraska and Wyoming.
EL PASO BRANCH (District No. 11).—That part of the States of Arizona and New Mexico located in Federal
reserve district No. 11, and the following 14 counties in the State of Texas:
Andrews
Ector
Jeff Davis
Midland
Ward
Crane
El Paso
Loving
Pecos
Winkler
Culberson
Hudspeth
Martin
Reeves
HOUSTON BRANCH (District No. 11).—The following 41 counties in the southeast part of the State of Texas:
Jackson
Shelby
Montgomery
Anderson
Colorado
Jasper
Angelina
Fayette
Trinity
Nacogdoches
Jefferson
Austin
Fort Bend
Tyler
Newton
Lavaca
Bastrop
Galveston
Victoria
Orange
Lee
Walker
Polk
Brazoria
Grimes
Liberty
Brazos
Hardin
Waller
Sabine
Madison
Washington
San Augustine
Burleson
Harris
Matagorda
Chambers
Houston
Wharton
San Jacinto
Cherokee
in the State of Tex as:
ANTONIO BRAN[CH (District No.
Starr
Llano
Hidalgo
Aransas
Comal
Jim Hogg
Atascosa
De Witt
Live Oak
Terrell
Jim Wells
Mason
Travis
Bandera
Dimmit
Karnes
Bee
Duval
Maverick
TJvalde
Kendall
McMullen
Val Verde
Bexar
Edwards
Kenedy
Medina
Webb
Blanco
Frio
Kerr
Brewster
Gillespie
Nueces
Willacy
Kimble
Presidio
Wilson
Brooks
Goliad
Kinney
Caldwell
Gonzales
Real
Zapata
Kleburg
Refugio
Zavalla
Calhoun
Guadalupe
La Salle
San Patricio
Cameron
Hays
Los ANGELES BRANCH (District No. 12).—That part of the State of Arizona located in Federal reserve
district No. 12, and the following counties in California:
Imperial
Los Angeles
Riverside
San Diego
Ventura
lnyo
Orange
San Bernardino
Santa Barbara
PORTLAND BRANCH (District No. 12).—The entire State of Oregon, except the towns of Klamath Falls,
Lakeview, and Merrill, which are affiliated with the head office, and the following five counties in the
State of Washington:
Clarke
Cowlitz
Klickitat
Skamania
Wahkiakum
and the town of Ilwaco, Wash.
SALT LAKE CITY BRANCH (District No. 12).-—The entire State of Utah and the following counties in Idaho
and Nevada:
IDAHO

Ada
Adams
Bannock
Bear Lake
Bingham
Blaine
Boise

Bonneville
Butte
Carnas
Canyon
Carribou
Cassia
Clark

Custer
Elmore
Franklin
Fremont
Gem
Gooding
Jefferson

Jerome
Lemhi
Lincoln
Madison
Minidoka
Oneida
Owyhee

Payette
Power
Teton
Twin Falls
Valley
Washington

NEVADA

Lincoln
White Pine
Clark
Elko
SEATTLE BRANCH (District No. 12).—The following 16 counties in the State of Washington, except the town
of Ilwaco, Wash.
Clallam
King
Lewis
Pierce
Snohomish
Grays Harbor
Kitsap
Mason 1
San Juan
Thurston
Island
Kittitas
Pacific
Skagit
Whatcom
Jefferson
SPOKANE BRANCH (District No. 12).—The following counties in the States of Washington and Idaho:
WASHINGTON

Adams
Asotin
Benton
Chelan

Columbia
Douglas
Ferry
Franklin

Garfield
Grant
Lincoln
Okanogan

Benewah
Bonner

Boundary
Clearwater

Idaho
Kootenai

Pend Oreille
Spokane
Stevens

Walla Walla
Whitman
Yakima

Latah
Lewis

Nez Perce
Shoshone

IDAHO

i Except the town of Ilwaco (see Portland branch).




FEDERAL RESERVE DISTRICTS

N. DAK>

9

}

^

MINN.

MINNEAPOLIS
S. DAK.

i i
BOUNDARIES OF FEDERAL RESERVE DISTRICTS
— —BOUNDARIES OF FEDERAL RESERVE BRANCH TERRITORIES
®
FEDERAL RESERVE BANK CITIES
•
FEDERAL RESERVE BRANCH CITIES
O
FEDERAL RESERVE. BANK AGENCY




1

INDEX
Acceptances:
Bankers'—
Page
Held by accepting banks
123
Held by Federal reserve banks
49, 123, 136
Held by member banks on call dates
123
Outstanding
122
Distribution of
123
Open-market discount rates
79, 80
Banks, list of, authorized to accept bills up to 100 per cent of capital
and surplus
283-285
Held by Federal reserve banks
49, 123, 136
Maturity of bills purchased and held by Federal reserve banks
50, 136
Number of pieces handled by Federal reserve banks
15, 55, 149, 150
Outstanding
122, 123
Purchased by member banks
98, 123, 170
Rates, discount and open-market—
Average rates earned on bills bought by Federal reserve banks.._ 14, 79
Buying rates of Federal reserve banks
6, 7, 76
Changes in Federal reserve bank rates
6, 7, 73-75
Open-market rates in New York City
79, 80
Trade, held by Federal reserve banks
49, 136
(See also Bills bought; Bills discounted.)
Adjusted-service certificates, discount of paper secured by
49
Amendment to Regulation G regarding
22, 222
Administrator, list of national banks authorized to act as
259
Advisory council, Federal. (See Federal advisory council.)
Agencies of Federal reserve banks. (See Branches and agencies.)
Agricultural paper:
Discount rates
73
Held by Federal reserve banks
49, 136
Amendments to Federal reserve act. (See Federal reserve act.)
Amendment to regulation G of the Federal Reserve Board
22, 222
Area of Federal reserve districts
286-291
Assessment for expenses of Federal Reserve Board
23, 156
Assets and liabilities. (See Resources and liabilities.)
Assignee, list of national banks authorized to act as
259
Automobiles:
Factory employment index
208
Factory pay-roll index
212
Production index
:
206
Balance sheets. (See Condition of banks.)
Bank consolidations
20, 128
Bank debits
124
Bank failures:
By Federal reserve districts
191
By months
126
By size of city or town
127
By States
192
By years
125
Comments on, by Federal advisory council
219
Discussion of
1, 18
Number, classified according to capital stock
127
Bank mergers
20, 128
Bank premises, Federal reserve
16, 43, 45, 47, 58, 157
Book value
58
Cost of
58
Date occupied
58
Depreciation charges
157
Repairs, cost of
156
125554—32
20
295




296

INDEX

Bank suspensions:
Page
By Federal reserve districts
191
By months
126
By size of city or town
127
By States
192
By years
125
Comments on, by Federal advisory council
219
Discussion of
1, 18
Number, classified according to capital stock
127
Bankers' acceptances. (See Acceptances.)
Bankers' balances of member banks
96, 118, 168, 190
By Federal reserve districts
190
In New York City and other leading cities
118
On call dates____
96, 168
Banking, branch and chain, recommendations of Federal advisory council
regarding
220
Banking conditions in 1931, discussion of
1
Banking corporations authorized to do foreign banking business, examination of
18
Banks, list of, granted authority to accept bills up to 100 per cent of
capital and surplus
283-285
Bills bought by Federal reserve banks
10, 15, 27-39, 41-47, 137-148
Earnings on
14, 59, 156
Rates of
14, 78
Holdings—
By classes
49
By maturities._..
50
Outright
41, 42, 44, 137-148
Under resale agreement
41, 42, 44, 137-148
Volume of—
Federal reserve banks
15, 55, 149
Federal reserve branch banks
150
Bills discounted by Federal reserve banks
10, 15, 27-39, 41-47, 137-148
Earnings on
14, 59, 156
Rates of
14, 78
Holdings—
By classes
49, 136
By maturities
50, 136
By months
135
Outright
42, 44
Under resale agreement
42, 44
Volume of—
Federal reserve banks
15, 55, 149
Federal reserve branch banks
150
Bills payable and rediscounts, member banks on call dates
96, 168
Bonds:
Capital issues
199
Index of prices
.
200
Paper secured by, held by member banks
98, 119, 121, 170
United States. (See United States securities.)
Book value, Federal reserve bank premises
58
Borrowings of member banks at Federal reserve banks:
All banks—
By Federal reserve districts
167
By months
91, 100
By States
179
Banks in New York City, Chicago, and other reserve cities
101-109
Compared with eligible assets held
94
Reporting member banks—
By Federal reserve districts
189
By months
110
By weeks
113
In New York City
115
Outside New York City
---117
Branch banking, recommendations of Federal advisory council regarding- 220



INDEX

297

Branches and agencies of Federal reserve banks:
Bank premises—
Page
Cost of
58
Date occupied
58
Book value
58
Building for Pittsburgh branch
16
Clearing operations
17, 150
Counties comprising territory
292-293
Directors of
1
230-237
Expenses of
17
Managers of
230-237
Number of
16
Territory
292-293
Volume of operations
17, 150
Brokers, loans to:
As reported by New York Stock Exchange
120
By member banks
98, 119, 120, 121, 170
In New York City—
By weeks
119
On call dates
121
Outside New York City
121
Building contracts awarded, index of
201
Building materials, wholesale prices, index of
214
Buildings, Federal reserve banks.
16, 58, 156, 157
Cost of bank premises
58
Book value
58
Date occupied
58
Depreciation charges
157
Repairs, cost of
156
Call loans:
In New York City
119-120
Money rates in New York City
6, 79, 80
Capital:
Banks suspended
125, 191, 192
Federal reserve banks
16, 43, 45, 47
Member banks
89, 90, 96, 168
State bank members
241
Capital issues
199
Capital stock of State member banks, classification according to
258-260
Car loadings, index of
201
Cash in vault, member banks:
By weeks
113
In New York City
115
Outside New York City
117
Cash reserves of Federal reserve banks
40, 41, 42, 44, 46, 137-148
Cement, clay, and glass:
Factory employment index
208
Factory pay-roll index
212
Central banks, foreign:
Discount rates
83
Due to Federal reserve banks from
42, 44, 46
Open-market rates
84
Central reserve city banks:
Condition of
90
Deposits, reserves, and borrowings at Federal reserve banks
91
Loans and investments
98
Certificates of indebtedness, Treasury:
Held by Federal reserve banks
42, 51, 52, 53, 54
Temporary 1-day, held by Federal reserve banks
52, 53, 54
Yield on
79, 80
Chain banking, recommendations of Federal advisory council regarding-_
220
Chairmen of board of directors of Federal reserve banks. (See Federal
reserve agents.)
Changes in discount rates of Federal reserve banks
6, 7, 73
Changes in membership in Federal reserve system
17, 18, 128



298

INDEX

Charts:
Federal reserve bank credit and factors in changes
3
Loans and investments of member and nonmember banks
5
Reserves of member banks
8
United States Government securities held by Federal reserve banks _
9
Check clearing and collection:
Gold settlement fund transactions
56, 151
Operations, volume of—
Federal reserve banks
15, 55, 149
Federal reserve branch banks
17, 150
Par list, number of banks on
21, 57, 152, 153
Chemicals:
Factory employment index
'
208
Factory pay-roll index
212
Prices, wholesale, index of
214
Circulation, money. (See Currency; Federal reserve notes; Money.)
Classification according to capital stock, State bank members
256-258
Classification of demand and time deposits on call dates
95
Classification of loans and investments of member banks on call dates. _ 98, 170
Clayton Antitrust Act, administration of
22
Coal, index of production
207
Coin:
Circulation
70
Held by Federal reserve banks
42, 44
Received and counted—
At Federal reserve banks
15, 55, 149
At Federal reserve branch banks
17, 150
Collateral held by Federal reserve agents as security for Federal reserve
notes
60
Collateral notes held by Federal reserve banks
49, 136
Collection of checks. (See Check clearing and collection.)
Commercial paper:
Held by Federal reserve banks
49, 136
Money rates in New York City
5, 79, 80
Outstanding
122
Purchased by member banks
98, 170
Commodity prices, wholesale, index of
214
Condition of banks:
All banks in the United States—
Deposits, exclusive of interbank deposits
88, 161
Investments—
By Federal reserve districts
1(30
By States
164
Loans and investments
87, 158-160, 162-164
By Federal reserve districts
158-160
By States
162-164
Country banks
90
Federal reserve banks—
At end of each month- _
44
Bills bought, holdings of
10, 15, 27-39, 41-47, 137-148
By classes
.
49
By maturities
50
Bills discounted, holdings of
10, 15, 27-39, 41-47, 137-148
By classes
49, 136
By months
135
By maturities
50, 136
By weeks
41
Deposits, reserves, note circulation, and reserve percentages
40
Each bank
46, 47, 137-148
In detail
42
United States securities, holdings of__ 27-39, 41-47, 51, 52, 53, 137-148
By classes
51
In system investment account
52, 53
Temporary 1-day certificates of indebtedness
52, 53, 54




INDEX

299

Condition of banks—Continued.
Member banks—
All banks—
Page
By Federal reserve districts
168
Combined
96
National and State banks
89
Reserve city and country banks
90
Bankers' balances
96, 118, 168, 190
By Federal reserve districts
190
In New York City and other leading cities
118
Borrowings at Federal reserve banks—
All banks—
By Federal reserve districts
167
By months
91, 100
By States
179
Reporting banks—
By Federal reserve districts
189
By months.
110
By weeks
113
In New York City
115
Outside New York City
117
Deposits, time and demand—
All banks
91, 95, 96, 165, 168
By months
165
On call dates
95, 96, 168
Classification of
95
Reporting banks—
By Federal reserve districts
186, 187
By months
110
By weeks
113
In New York City
115
Net demand, by weeks
186
Outside New York City
117
Time, by weeks
187
Deposits subject to reserves, reserves required, reserves held, and
borrowings at Federal reserve banks:
All banks
91
Banks in New York City, Chicago, and other reserve
cities
101-109
Excess reserves
6, 91, 101
Investments—
All banks
168, 178
By States
178
Reporting banks
112, 114, 116, 185
By weeks
185
Loans and investments—
All banks
4, 96, 98, 168, 170, 174-178
By States
174-178
Chart showing
5
Classification, on call dates
98, 170
Reporting banks
110, 112, 114, 116, 181
Total, by weeks
181
Loans, all other, by weeks
184
Loans, investments, deposits, reserves, and borrowings at Federal
reserve banks
110
Loans on securities
183
Loans, open-market
177
Loans to customers
176
Loans, total, by weeks
182
Reserve balances. 27-37, 40-47, 96, 100, 111, 113-117, 137-148, 166, 188
All banks
96, 100, 166
By Federal reserve districts
«.
166
By months.
100, 166
On call dates
•
_
96




300

INDEX

Condition of banks—Continued.
Member banks—Continued.
Reserve balances—Continued.
Page
Reporting banks
111, 113-117, 188
By Federal reserve districts
188
By months
111
By weeks
_ 113,188
In New York City
115
Outside New York City
117
National banks
...
89
Reserve city banks
90
State bank members
89
Consolidations, bank
20, 128
Copper, index of production
207
Cost of Federal reserve bank premises
58
Counties in Federal reserve districts
286-291
Counties in Federal reserve branch territories
292-293
Consolidations, bank
„
20, 128
Country bank members:
Condition of
90
Deposits, reserves required, reserves held, and borrowings at Federal
reserve banks
91
Holdings of eligible assets
94
Loans and investments, classification of, on call dates
98Credit:
"Federal reserve bank. (See Federal reserve bank credit.)
Member bank
85
Credit agreements. Federal reserve banks with foreign central banks
12
Credit conditions abroad:
Comments of Federal advisory council on _
22
Discussion of
2
Credit policy of the Federal reserve banks
6
Currency:
Amounts received and counted—
At Federal reserve banks
15, 55, 149
At Federal reserve branch banks
17, 150
Circulation
2, 27-37, 40, 41, 69, 70
By months
69
By kinds
71
Chart showing
3
Discussion of
2
Federal reserve, cost of
15, 157, 226
Debits to individual account
124
Deferred availability items of Federal reserve banks
43, 44-47
Deficient reserve penalties imposed by Federal reserve banks
59, 156
Demand deposits. (See Deposits.)
Department-store sales, index of
201
Deposits:
All banks in the United States, exclusive of interbank deposits
88, 161
Banks suspended—
By years
125
By months
126
By Federal reserve districts
191
By States
192
Federal reserve banks
40, 41, 43, 44-47, 137-148
All banks combined
41
By months
40
By weeks
41
Each bank
46, 137-148
Foreign bank
40, 43, 44, 46
Government—
Held by Federal reserve banks
40, 43-47
Held by member banks
96, 113, 115, 117, 168
By weeks
113
In New York City
115
On call dates
96, 168
Outside New York City
...
117



INDEX

301

Deposits—Continued.
Pa e
Member banks, time and demand—•
e
All banks
91, 95, 96, 165, 168
By months
165
On call dates
95, 96, 168
Classification of
95
Reporting banks—
By Federal reserve districts
186, 187
By months
110
By weeks
113
In New York City
115
Net demand, by weeks
186
Outside New York City
117
Time, by weeks
187
Net demand, reporting member banks
186
Net demand and time—
All banks
165
Banks in New York City, Chicago, and other reserve cities
101
State bank members
241-257
7
Time, reporting member banks.__
187
Deputy chairmen of board of directors of Federal reserve banks, list of _ _ 230-237
Directors of Federal reserve banks:
List of
230-237
Meetings, expenses of
156
Discount and open-market operations of Federal reserve banks:
Acceptances. (See Acceptances.)
Bills bought
10, 15, 27-39, 41-47, 137-148
Earnings on
14, 59, 156
Rates of
14, 78
Holdings—
By classes
49
By maturities
50
Outright
41, 42, 44, 137-148
Under resale agreement
41, 42, 44, 137-148
Volume of—
Federal reserve banks
15, 55, 149
Federal reserve branch banks
150
Bills discounted
27-39, 41-47, 137-148
Earnings on
14, 59, 156
Rates of
14, 78
Holdings—
By classes
49, 136
By maturities
50, 136
By months _
_
__
135

Outright

II

I 42,44

Under resale agreement
42, 44
Volume of—
Federal reserve banks
15, 55, 149
Federal reserve branch banks
150
Collateral notes of member banks discounted and held
49, 136
Commercial and agricultural paper discounted
49, 136
Dollar exchange bills discounted or purchased
49
Maturity of bills purchased or held
50, 136
Number of member banks discounting paper—
By Federal reserve districts
167
By months
48
By States
180
Number of pieces handled
15, 55, 149
Rates charged and rates of earnings on bills discounted
14, 78
Recommendations of Federal advisory council relative to
220
United States securities—
Earnings and rates of earnings
14, 59, 78, 156
Paper secured by, purchased and held
42, 49, 136
Purchased and held
8, 27-39, 41-47, 51, 52, 53, 54, 137-148
Volume of operations
15, 55, 149, 150



302

INDEX

Discount and open-market rates:
Average rates earned by Federal reserve banks on—
Page
Acceptances
14, 78
Bills discounted
14, 78
Bills bought
14, 78
United States securities
14, 78
Buying rates on acceptances
6, 7, 76
Central banks in foreign countries—
Changes in
83
Open-market rates, by months
84
Changes in Federal reserve bank rates
6, 7, 73
Recommendations of Federal advisory council relative to
220
Open-market rates in New York City—
By months
79
By weeks
80
Rates charged customers—
In New York City
81
In principal cities
82
Discounts. (See Discount and open-market operations.)
Districts, Federal reserve. (See Federal reserve districts.)
Dividends:
Federal reserve banks
14, 16, 59, 154, 157
Member banks
131, 193
National banks
194
State bank members
195
Dollar exchange bills:
Held by Federal reserve banks
49
Outstanding
122
Drafts, demand and sight, held by Federal reserve banks
49, 136
Due from foreign banks to Federal reserve banks
38, 42, 44, 46
Due to and from banks (bankers' balances)
96, 118, 168, 190
By Federal reserve districts
190
In New York City and other leading cities
118
On call dates
96, 168
Earmarked gold for foreign account
64, 67
Earning assets of member banks
129, 130
Earnings and expenses:
Federal reserve banks
13-16, 59, 154, 156
Each bank during year 1931
156
Earnings, by sources
59
Rates of earnings
14, 78
Years 1914-1931
59, 154
Each bank
154
Member banks
129, 130, 131, 193
National banks
194
State bank members
195
Eddy, Walter L., secretary of Federal Reserve Board, resignation of
23
Eligible assets (Government securities and eligible paper) held by member
banks compared with borrowings at Federal reserve banks
94
Eligible paper held by Federal reserve agents as security for Federal reserve notes
60
Employees:
Federal reserve banks, number and salaries
15, 238-240
Federal Reserve Board, salaries
225
Employment, factory, index of
201, 208
England:
Discount rates of Bank of
83
Open-market money rates
84
Examination of Federal reserve banks, number of
18
Examiners, national banks, number and salaries
228
Excess reserves of member banks
6, 91, 101
Chart showing
8
Executor, list of national banks authorized to act as
259




INDEX

303

Expenses:
Page
Branches and agencies of Federal reserve banks
17
Federal reserve banks
13-16, 59, 154, 156
Fiscal agency departments of Federal reserve banks
157
Federal Reserve Board
23, 226, 227
Member banks
193
National banks
194
State bank members
195
Exports and imports:
Acceptances based on—
Outstanding
122
Purchased and held by Federal reserve banks
49
Gold—
By countries
67
By months
68
Discussion of
1, 10
Expressage, cost of, at Federal reserve banks
156
Factory employment and pay rolls
201, 208, 212
Failures, bank:
By Federal reserve districts
191
By months
126
By size of city or town
127
By States
__. 192
By years
125
Comments on, by Federal advisory council
219
Discussion of
1, 18
Number, classified according to capital stock
127
Farm products, prices of, index of
214
Farm land, loans on, by member banks
98, 170
Federal advisory council:
Meetings of
22
Expenses of
156
Members of
219
Recommendations of, to Federal Reserve Board
219-221
Assistance to European central banks
221
Bank failures and bank examinations
219
Domestic credit situation
221
Eligibility of securities
221
Open-market operations
220
Proposed amendments to national bank act and Federal reserve
act—
Branch banking
220
Group and chain banking
220
Circulation of false reports
221
Examination of security or investment companies affiliated
with national banks
221
Fiduciary powers of a national banking association
221
Liquidation of national banks
221
Rediscount rates
220
Federal intermediate credit banks:
Bills discounted for
49
Borrowings from Federal reserve banks
49, 100, 179
Debentures purchased by Federal reserve banks
42
Federal land bank bonds purchased by Federal reserve banks
42
Federal reserve act, proposed amendments to, recommendations of Federal advisory council relative to
220
Federal reserve agents:
Conferences of, expenses of
156
Federal reserve note accounts
60
Gold fund, summary of transactions
56, 151
Gold held by
42, 44
List of
_
230-237
Salaries of
_
------ 238-240




304

INDEX

Federal reserve bank credit:
Page
Chart showing
3
Discussion of
1-3, 6, 8
Factors of increase or decrease in—
Annual averages
27
By weeks (Wednesday series)
32-36
Chart showing
3
End of month series
37
Monthly averages
28-30
Weekly averages
31
Outstanding
38
(See also Federal reserve banks.)
Federal reserve bank
float
38, 44
Federal reserve bank notes:
Circulation
.
70
Held by Federal reserve banks
42
Federal reserve banks:
Acceptances purchased or discounted by. (See Acceptances.)
Agreements with foreign central banks to purchase prime commercial
bills
~
.
12
Bank premises
16, 43, 44-47, 58, 157
Branches and agencies of—
Bank premises—
Cost of
58
Date occupied
58
Book value
58
Building for Pittsburgh branch
16
Clearing operations
17, 150
Counties comprising territory
292-293
Directors of
230-237
Expenses of
17
Managers of
230-237
Number of
16
Territory
292-293
Volume of operations
17, 150
Building operations
16, 58
Capital
16, 43, 44-47
Chairmen of board of directors, list of
230-237
Clearing operations
16, 55, 149
Condition of. (See Condition of banks.)
Deposits. (See Deposits.)
Directors, list of
230-237
Discount rates. (See Discount and open-market rates.)
Discounts. (See Discount and open-market operations.)
Dividends paid
14, 16, 59, 154, 157
Earnings and expenses
13-16, 59, 78, 154, 156
Each bank during year 1931
156
Earnings, by sources
59
Rates of earnings
14, 78
Years 1914-1931
.
59, 154
Each bank
154
Employees, number and salaries
238-240
Examinations, number of
•
18
Federal reserve notes. (See Federal reserve notes.)
Fiscal agency operations
157
Franchise tax paid to Government
14, 59, 154, 157
Gold, held by
42, 44, 46
Gold redemption fund
42, 44, 46
Gold reserves
42, 44, 46
Gold settlement fund
42, 44, 56, 151
Government deposits held by
40, 43-47
Governors—
Conferences of
22
Expenses of
156
List of
230-237
Salaries of
238-240



INDEX

305

Federal reserve banks—Continued.
Pago
Number of member banks discounting paper at
48, 167, 180
Officers and directors, list of
230, 237
Officers, salaries of
238-240
Profit and loss account
154, 157
Reserve percentages
40
Reserves
40, 41-47, 137-148
Resources and liabilities—
All banks combined
41
At the end of each month
44
Each bank
46, 137-148
Weekly statement and balance sheet items
42
Salaries, officers and employees
238-240
Surplus, accounts
15, 59, 154, 157
Tax, franchise, paid to Government
14, 59, 154, 157
United States Government securities—
Bills discounted secured by, holdings of
42, 49, 136
Bonds bought by
I
42, 51
Ceitificates of indebtedness, holdings of
42, 51, 52, 53, 54
Temporary 1-day certificates
52, 53, 54
Earnings and rates of earnings on purchases
14, 59, 78, 156
Holdings of
8, 10, 27-39, 41-47, 51, 52, 53, 137-148
By classes
51
Bought outright
41,42, 51, 137-148
Bought under resale agreement
41, 42, 51, 137-148
Chart showing
9
In system investment account
52, 53
Temporary 1-day certificates
52, 53, 54
Issues, redemptions, and exchanges, handled by fiscal agency
departments
1
15, 55, 149, 150
Liberty bonds, holdings of
42, 51
Paper secured by, holdings of
42, 49, 136
Rates of earnings on purchases
14, 78
Treasury bills, holdings of
42, 51
Treasury bonds, holdings of
42, 51
Treasury notes, holdings of
42, 51
Volume'handled
15,55, 149, 150
Volume of operations
15, 55, 149
All banks
15, 55
Each bank
149
Branches
17, 150
Federal Reserve Board:
Assessment for expenses of
*.
23, 156, 226
Clayton Act, administration cf
22
Conferences with advisory council and governors
22
Directory
225
Eddy, Walter L., secretary, resignation of
23
Employees, number and salaries
225
Expenses of
23, 226-227
Harrison, Floyd R., appointed assistant to governor
23
James, George R., reappointed member
22
Magee, Wayland W., appointed member
22
Members of
,
225
Morrill, Chester, appointed secretary
23
Receipts and disbursements
226-227
Regulations of. (See Regulations of Federal Reserve Board.)
Salaries of officers and employees
225
Federal reserve branch banks:
Bank premises—
Cost of
58
Date occupied-,
58
Book value
58
Building for Pittsburgh branch
16
Clearing operations
17, 150
Counties comprising territory
292-293
Directors of
230-237
Expenses of
17



306

INDEX

Federal reserve branch banks—Continued.
"Page
Managers of
230-237
Number of
16
Territory
292-293
Volume of operations
17, 150
Federal reserve districts:
Area, square miles
286-291
Counties comprising branch territories
292-293
Counties in divided States
286-292
Map showing outline
294
Population
286-292
Federal reserve interdistrict collection system. (See Check clearing and
collection.)
Federal reserve notes:
Circulation
40-47, 70, 137-148
By months
40
Each Federal reserve bank
137-148
Cost of
15, 157, 226
Eligible paper held as collateral against
60
Federal reserve agents' accounts
60
Gold and gold certificates held as collateral against
42, 44, 46, 60
Held by Federal reserve agents
42, 44, 60
Held by Federal reserve banks
42, 44, 46, 60
Fiduciary powers of national banks:
List of national banks authorized to exercise
259, 282
Number of permits issued
21
Recommendations of Federal advisory council relative to
221
Fiscal agency operations of Federal reserve banks.
157
Float, reserve bank
38, 44
Food products:
Production index
206
Factory employment index
208
Factory pay-roll index.
212
Food prices, wholesale, index of
214
Foreign bank deposits held by Federal reserve banks
40, 43, 44, 46
Foreign banking, corporations authorized to engage in, examination of
18
Foreign banks:
Deposits of, held by Federal reserve banks
40, 43, 44, 46
Due to Federal reserve banks from
38, 42, 44, 46
Foreign capital issues
199
Foreign central banks:
Agreements with Federal reserve banks to purchase prime commercial
bills
12
Assistance tcf, recommendations of Federal advisory council regarding221
Money rates—
Changes in
83
Open-market rates
84
Foreign loans on gold
38
Foreign securities held by member banks
98, 170
France:
Discount rates of Bank of
83
Open-market money rates
84
Franchise tax paid by Federal reserve banks to Government
14, 59, 154, 157
Freight-car loadings, index of
201
Fuel, index of wholesale prices
214
;
Germany:
Discount rates of Reichsbank
83
Open-market money rates
84
Gold:
Circulation
70
Earmarked by Federal reserve banks for foreign account
64, 67
Federal reserve agents' gold fund
56, 151
Foreign loans on, held by Federal reserve banks
38
Held as collateral against Federal reserve notes
42, 44, 46, 60
Held by Federal reserve agents
42, 44, 60
Held by Federal reserve banks
42, 44, 46



INDEX

307

Gold—Continued.
Page
Imports and exports
1, 10, 46, 67, 68
By countries
67
By months
68
Discussion of
1, 10
International gold movements
10
Production
.
64
Reserves of Federal reserve banks
10, 42, 44, 46
Stock, monetary, in United States
3, 10, 27-37, 63
Chart showing
3
Years 1914-1931
63, 64
Gold redemption fund
42, 44, 60
Gold settlement fund
42, 44, 56, 151
Summary of transactions
56, 151
Gold standard, suspension in England
2, 10
Government bonds. (See United States Government securities.)
Government deposits:
Held by Federal reserve banks
40, 43-47
Held by member banks
96, 113, 168
By weeks
113
In New York City
115
On call dates
96, 168
Outside New York City
117
Government securities. (See United States Government securities.)
Governors of Federal reserve banks:
Conferences of
22
Expenses of
156
List of
230-237
Salaries of
238-240
Great Britain. (See England.)
Guardian of estates, list of national banks authorized to act as
259
Harrison, Floyd R., appointed assistant to governor of Federal Reserve
Board
23
Housefurnishing goods, wholesale prices, index of
214
Imports and exports:
Bankers' acceptances based on—•
Held by Federal reserve banks
49
Outstanding
122
Gold—
By countries
67
By months
68
Discussion of
1, 10
Index numbers:
Factory employment
208
Factory pay rolls
212
Manufactures
206
Minerals
207
Production, employment, and trade
201
Security prices
200
Insurance, Federal reserve banks
156
Investments:
All banks in United States
87, 158, 160, 162, 164
By Federal reserve districts
160
By States
164
Member banks
96, 114, 116, 168, 178, 185
All banks
96, 168, 178
By States
178
Reporting banks
1
110, 112, 114, 116, 185
By weeks
185
In New York City
114
Outside New York City
116
Investments and loans:
All banks in the United States
87, 158-160, 162-164
By Federal reserve districts
158-160
By States
162-164



308

INDEX

Investments and loans—Continued.
Member banks—
Page
All banks
4, 96, 98, 168, 170, 174-178
By States
174-178
Classification, on call dates
98, 170
On call dates
168
Reporting banks
110, 112, 114, 116, 181-185
By months
110
By weeks
112, 181
In New York City
114
Outside New York City
116
State bank members
241-257
Iron and steel:
Production index
206
Factory employment index
208
Factory pay-roll index
212
Iron-ore shipments
207
Italy:
Discount rates of Bank of
83
Open-market money rates
84
James, George R.; reappointed as member of Federal Reserve Board
22
Japan:
Discount rates of Bank of
83
Open-market money rates
84
Land area of Federal reserve districts
286-291
Lead production, index of
207
Leased-wire system, cost of
226
Leather:
Factory employment index
208
Factory pay-roll index
_ 212
Production index
206
Products, wholesale prices, index of
214
Legal fees, Federal reserve banks
156
Liberty loan bonds:
Average yield on
79
Held by Federal reserve banks
42, 51
Livestock paper, discount rates
73
Loans:
All banks in the United States
87, 159, 163
By Federal reserve districts
159
By States
163
"All other," of reporting member banks
184
Member banks—
All banks
96, 168, 175, 176, 177
By Federal reserve districts
168
By States
175
Classification of
98, 170
Open-market
177
To customers
176
Reporting banks
110, 112, 114, 116, 182, 183, 184
All other loans
184
In New York City
114
On securities
183
Outside New York City
116
Total
182
On securities, made by reporting member banks
183
Open-market, by member banks
177
Secured by stocks and bonds—
Made by member banks on call dates
98, 170
Money rates in New York City
81
To brokers—
As reported by New York Stock Exchange
120
By member banks
98, 119, 120, 121, 170
In New York Cicy—
By weeks
119
On call dates
121
Ouiside New York City
121
To customers, by member banks
176




INDEX

309

Loans and investments:
Page
All banks in the United States
4, 87, 158-160, 162-164
By Federal reserve districts
158-160
By States
162-164
Member banks—
All banks
4, 96, 98, 168, 170, 174-178
By States
174-178
Chart showing
5
Classification, on call dates
98, 170
On call dates
168
Reporting banks
110, 112, 114, 116, 181-185
By months
110
By weeks
112, 181
In New York City
114
Outside New York City
116
State bank members
241-257
Losses, reserve for, at Federal reserve banks
157
Lumber:
Factory employment index
208
Factory pay-roll index
212
Production index
206
Machinery:
Factory employment index
208
Factory pay-roll index
212
Magee, Wayland W., appointed member of Federal Reserve Board
22
Managers of branches of Federal reserve banks, list of
230-237
Manufactures, index of production
201, 206
Map outlining Federal reserve districts
294
Maturities, bills discounted and bought by Federal reserve banks
50, 136
Member and nonmember bank credit
*
4, 85
Member banks:
Acceptances held
98, 123, 170
Bank suspensions—
By Federal reserve districts
191
By months
126
By years
125
Number, classified according to capital stock
127
Bankers' balances
96, 118, 168, 190
Borrowings at Federal reserve banks—
All banks—
By Federal reserve districts
167
By months
91, 100
By States
179
Compared with eligible assets held
94
Reporting member banks—
By Federal reserve districts
189
By months
110
By weeks
113
In New York City
115
Outside New York City
117
Brokers' loans
98, 119, 120, 121, 170
Capital
89, 90, 96, 168
Changes in membership
17, 128
Condition of. {See Condition of banks.)
Consolidations
20, 128
Deposits—
Government
96, 113, 115, 117, 168
Net demand
186
Net demand and time
165
Time and demand—
All banks
91, 95, 96, 165, 168
Classification on call dates
95
Reporting banks
110, 113, 186, 187
Deposits subject to reserve, reserves required, reserves held, and borrowings at Federal reserve banks:
All banks
91
Banks in New York City, Chicago, and other reserve cities-- 101-109



310

INDEX

Member banks—Continued.
Page
Dividends declared
131, 193-195
Dividends paid to, by Federal reserve banks
14, 16, 59, 154, 157
Earnings, expenses, and dividends
129-131, 193-195
National banks
194
State banks
195
Eligible assets (Government securities and eligible paper) held, compared with borrowings at Federal reserve banks
94
Excess reserves
7, 91, 101
Chart showing
8
Failures
1, 18, 125, 126, 127, 191, 192
Investments—•
All banks
96, 168, 178
Reporting banks
110, 112, 114, 116, 185
List of, with loans, investments, deposits, capital, and surplus
241-257
Loans—•
All banks
96, 168, 175, 176, 177
Classification of
98, 170
Reporting banks
110, 112, 114, 116, 182, 183, 184
All other loans
184
On securities
183
Total
182
Loans and investments—
All banks
4, 96, 98, 168, 170, 174-178
By States
174-178
Chart showing
5
Classification, on call dates
98, 170
On call dates
168
Reporting banks
110, 112-117, 181-185
By months
110
By weeks
112, 181
In New York City
114
Outside New York City
116
Loans, investments, deposits, reserves, and borrowings at Federal
reserve banks
110
Loans on securities
183
Loans to brokers
98, 119, 120, 121, 170
Loans to customers
176
Loans, open-market
177
Mergers
20
National banks—
Additions and withdrawals from system
17, 128
Condition of
89
Earnings, expenses, and dividends
129, 130, 131, 194
Examiners, number and salaries
228
Mergers
20, 128
Number
18, 128
Suspensions
18, 125, 126, 127, 191
Trust powers—
List of banks authorized to exercise
259-282
Number of permits issued
21
Number of
96, 168
Number of, discounting paper at Federal reserve banks
48, 167, 180
Number of, on par list
21, 57, 152, 153
Reserve balances. 3, 4, 27-37, 40-47, 96, 100, 111, 113-117, 137-148, 166, 188
All banks
96, 100, 166
By months
100, 166
Chart showing
8
On call dates
96
Reporting banks
111, 112-124, 188
By Federal reserve districts
188
By months
111
By weeks
113, 188
In New York City
101, 115
Outside New York City
„
117



INDEX

311

Member banks—Continued.
Page
Reserves required, reserves held, deposits subject to reserve, and
borrowings at Federal reserve banks:
All banks
91
Banks in New York City, Chicago, and other reserve cities
101-109
State banks—
Capital
241
Changes in membership
17, 128
Classification according to capital stock
256-258
Condition of
89
Earnings, expenses, and dividends
129, 130, 131, 195
List of, with loans, investments, deposits, capital, and surplus. _ 241-257
Mergers
20, 128
Number of
18, 128, 241
Suspensions
125, 126, 127, 191
Withdrawals from system
17, 128
Membership in Federal reserve system:
Changes in
'_
16, 128
State banks and trust companies, list of
241-257
Membership in par collection system
21, 57, 152, 153
Mergers, bank
20, 128
Metals, wholesale price index of
224
Mineral production, index of
207 .
Monetary gold stock of United States
3, 10, 27-37, 63
Years 1914-1930
63
Money in circulation
2, 27-37, 69, 70
By kinds
70
By months
69
Chart showing
3
Money rates:
In foreign countries
83, 84
In New York City
5, 81
In principal cities
82
Moratorium on intergovernmental debts and reparation payments
1,2
Morrill, Chester, appointed secretary of Federal Reserve Board
23
Municipal warrants purchased by Federal reserve banks
42
National bank notes:
Circulation
70
Held by Federal reserve banks
42
National banks:
Additions and withdrawals from system
17, 128
Circulating false reports concerning, comments by Federal advisory
council
221
Condition of
89
Earnings, expenses, and dividends
129, 130, 131, 194
Examination of companies affiliated with, recommendations of Federal advisory council
221
Examiners, number and salaries
228
Mergers
20
Number
18, 128
Suspensions—
By Federal reserve districts
191
By months
126
By years.. _ ,
125
Number, classified according to capital stock
127
Trust powers—
List of banks authorized to exercise
259-282
Number of permits issued
21
Recommendations of Federal advisory council regarding
221
Netherlands:
Discount rates of Bank of
83
Open-market money rates
84
New York Stock Exchange, brokers' borrowings as reported by
120
Nonferrous metals:
Production index
206
Factory employment index
208
Factory pay-roll index
212
125554—32



21

312

INDEX

Nonmember banks:
p
Bank suspensions—
age
By Federal reserve districts
191
By months
126
By years
,
125
Number, classified according to capital stock
127
Deposits, exclusive of interbank deposits
88, 161
Loans and investments
87, 158-160
Chart showing
5
Mergers
20, 128
Number on par list
21, 57, 152, 153
Suspensions
18, 125, 126, 127
Number of member banks discounting paper at Federal reserve banks
48,
167, 180
By Federal reserve districts
167
By States
180
Officers and directors of Federal reserve banks, list of
230-237
Officers and employees:
Federal reserve banks, number and salaries
15, 238-240
Federal Reserve Board, salaries
225
One hundred per cent of capital and surplus, list of banks authorized to
accept bills up to
283-285
Open-market loans by member banks
177
Open-market operations of Federal reserve banks. (See Discount and
open-market operations.)
Open-market rates. (See Discount and open-market rates.)
Paper and printing:
Production index
206
Factory employment index
208
Factory pay-roll index
212
Par collections. (See Check clearing and collections.)
Par list, number of banks on
21, 57, 152, 153
Pay rolls, factory, index of
201, 212
Penalties for deficient reserves imposed by Federal reserve banks
59, 156
Petroleum refining:
Production index
206
Factory employment index
208
Factory pay-roll index
212
Population of Federal reserve districts
286-291
Postage, Federal reserve banks, cost of
156
Premises, Federal reserve banks
16, 43, 44-47, 58, 157
Book value
58
Cost of
58
Date occupied
58
Depreciation charges
157
Prices:
Security
200
Wholesale commodity, index of
214
Printing and stationery, Federal reserve banks, cost of
156
Production, index of
201
Profit and loss account of Federal reserve banks
59, 154
Public-utility stocks, prices of, index of
200
Railroad car loadings, index of
201
Railroad stocks, prices of, index of
200
Rates, discount and open-market. (See Discount rates.)
Real estate, loans secured by, made by member banks
98, 170
Receipts and disbursements of the Federal Reserve Board
226-227
Receiver, list of national banks authorized to apt as
.
259
Recommendations of Federal advisory council. (See Federal advisory
council.)
Reconstruction Financ e Corporation, establishment of
2
Registrar of stocks and bonds, list of national banks authorized to act as
259
Regulation G of the Federal Reserve Board, amendment to
22, 222
Rent paid by Federal reserve banks
156
Reporting member banks. (See Member banks.)



INDEX

313
Page

Reserve balances of member banks
3,4,
27-37, 40-47, 96, 100, 111, 113-117, 137-148, 166, 188
All banks
96, 100, 166
By months
100, 166
On call dates
96
Reporting banks
111, 112-124, 188
By Federal reserve districts
188
By months
111
By weeks
113, 188
In New York City
115
Outside New York City
117
Reserve bank float
1
38, 44
Reserve city member banks:
Condition of
90
Deposits, reserves required, reserves held, and borrowings at Federal
reserve banks
91, 107
Holdings of eligible assets
94
Loans and investments, classification of, on call dates
98
Reserve percentages of Federal reserve banks
40
Reserves:
Deficiencies in, penalties for
59, 156
Excess, of member banks
7, 91, 101
Chart showing
8
Federal reserve banks
10, 40, 41, 42, 44, 46, 137-148
Cash, each bank
137-148
Gold
10,42,44,46
Member banks
40,
41, 43, 44, 89, 90, 91, 96, 100, 111, 113, 115, 117, 166, 168, 188
All banks
89, 90, 91, 96, 100, 166, 168
Deposits subject to reserves, reserves required, reserves held,
and borrowings at Federal reserve banks:
All banks
91
Banks in New York City, Chicago, and other reserve
cities
101-109
Reporting banks
111, 113, 115, 117, 188
Resources and liabilities:
Federal reserve banks—
At end of each month
44
Combined statement
41
Each bank
46, 137-148
Weekly statement and balance sheet items
42
Member banks—•
By Federal reserve districts
168
Country banks
90
National and State banks
89
On call dates
96
Reserve city and country banks
90
Reporting banks—
By weeks
112-113
In New York City
114-115
Outside New York City
116-117
National banks
89
Reserve city bank members
90
State bank members
89
Rubber products:
Production index
206
Factory employment index
208
Factory pay-roll index
212
Salaries:
Federal reserve banks
156, 238-240
Federal Reserve Board
225
National bank examiners
228-229
Securities:
Held by Federal reserve banks
27-38
Held by member banks
98, 170
Loans on, by member banks
98, 170, 183



314

INDEX

Securities—Continued.
United States Government—
Page
Average yield on
79, 80
Bills discounted, secured by, held by Federal reserve banks. 42, 49, 136
Bonds bought by Federal reserve banks
42, 51
Certificates of indebtedness—
Held by Federal reserve banks
42, 51, 52, 53, 54
Temporary 1-day certificates
52, 53, 54
Yield on
1
79,80
Earnings and rates of earnings on purchases by Federal reserve
banks
___.. 14, 59, 78, 156
Held by Federal reserve banks.. 8, 10, 27-39, 41-47, 51, 52, 53, 137-148
By classes
51
Bought outright
41,42,51, 137-148
Bought under resale agreement
41, 42, 51, 137-148
Chart showing
9
In system investment account
52, 53
Temporary 1-day certificates
52, 53, 54
Held by member banks
94, 96, 98, 168, 170
Issues, redemptions, and exchanges handled by fiscal agency
departments
15, 55, 149, 150
Liberty bonds—
Held by Federal reserve banks
42, 51
Yield on
79
Paper secured by, held by Federal reserve banks
42, 49, 136
Rates of earnings on purchases by Federal reserve banks
14, 78
Treasury bills held by Federal reserve banks
42, 51
Treasury bonds—
Held by Federal reserve banks
42, 51
Yield on
79, 80
Treasury notes—
Held by Federal reserve banks
42, 51
Yield on
79, 80
Volume handled b \ Federal reserve banks
15, 55, 149, 150
Securit}^ prices
200
Silver:
Circulation
70
Held by Federal reserve banks
42
Production index
207
State bank members:
Capital
113,241
Changes in membership
17, 128
Classification according to capital stock
256-258
Condition of
89
Earnings, expenses, and dividends
129, 130, 131, 195
List of, with loans, investments, deposits, capital, and surplus
241-257
Mergers
20
Number of
18, 128,241
Suspensions—
By Federal reserve districts
191
By months
126
By years
125
Number, classified according to capital stock
127
Stocks and bonds, loans secured by:
Made by member banks—
In New York City
119, 121
Outside New York City
121
On call dates
I
98, 170
Money rates in New York City
81
Stocks, common and preferred, prices of, index of
200
Surplus:
Federal reserve banks
15, 43, 45, 46, 47, 59, 154, 157
Member banks
89, 90, 96, 168
State bank members
241-255




INDEX

315

Suspensions, bank:
By Federal reserve districts
191
By months
126
By size of city or town
127
By States
192
By years
125
Comments on, by Federal advisory council
219
Discussion of
1, 18
Number, classified according to capital stock
127
Sweden, Bank of, discount rates
83
Switzerland:
Discount rates of Bank of
83
Open-market money rates
84
Tax, franchise, paid by Federal reserve banks to Government
14, 59, 154, 157
Tax on premises, Federal reserve banks
156
Telegraph, leased-wire system, cost of
226
Telephone and telegraph expenses:
Federal reserve banks
156
Federal Reserve Board
226
Textiles:
Factory employment index
208
Factory pay-roll index
212
Prices, wholesale
214
Production index
206
Time and demand deposits. {See Deposits.)
Tobacco manufactures:
Factory employment index
208
Factory pay-roll index
212
Production index
206
Trade acceptances held by Federal reserve banks
49, 136
Trade, wholesale, index of
201
Traveling expenses, Federal reserve banks
156
Treasury bills held by Federal reserve banks
42, 51
Treasury bonds:
Held by Federal reserve banks
42, 51
Yield on
79, 80
Treasury certificates of indebtedness:
Held by Federal reserve banks
42, 51, 52, 53, 54
Temporary 1-day certificates
52, 53, 54
Yield on
1
79, 80
Treasury notes:
Circulation
70
Held by Federal reserve banks
42, 51
Yield on
79, 80
Trust companies. {See State banks.)
Trust powers of national banks:
List of banks authorized to exercise
259-282
Number of permits issued
21
United States Government deposits:
Held by Federal reserve banks
40, 43-47
Held by member banks—
By weeks
113
In New York City
115
On call dates
96, 168
Outside New York City
117
United States Government securities:
Average yield on
79, 80
Bills discounted secured by, held by Federal reserve banks
42, 49, 136
Bonds bought by Federal reserve banks
42, 51
Certificates of indebtedness—
Held by Federal reserve banks
42, 51, 52, 53, 54
Temporary 1-day certificates
52, 53, 54
Yield on
79, 80
Earnings and rates of earnings on purchases by Federal reserve
banks
14, 59, 78, 156



316

INDEX

United States Government securities—Continued.
PageHeld by Federal reserve banks
8, 10, 27-39, 41-47, 51, 52, 53, 137-148
By classes
51
Bought outright
41, 42, 51, 137-148
Bought under resale agreement
41, 42, 51, 137-148
Chart showing
9
In system investment account
52, 53
Temporary 1-day certificates
52, 53, 54
Held by member banks
94, 96, 98, 168, 170
Issues, redemptions, and exchanges handled by fiscal agency department of banks
15, 55, 149, 15Q
Liberty bonds—
Held by Federal reserve banks
42, 51
Yield on
79
Paper secured by, held by Federal reserve banks
42, 49, 136
Rates of earnings on purchases by Federal reserve banks
14, 78
Treasury bills held by Federal reserve banks
42, 51
Treasury bonds—
Held by Federal reserve banks
42, 51
Yield on
79, 80
Treasury notes—
Held by Federal reserve banks
42, 51
Yield on
79,80
Volume handled by Federal reserve banks
15, 55, 149, 150
United States notes in circulation
70
Volume of operations of Federal reserve banks
15, 55, 149
All banks
15, 55
Each bank
149
Branches
17, 150
Warehouse receipts:
Bankers' acceptances based on, outstanding
122
Loans secured by, money rates in New York City
81
Warrants, municipal, held by Federal reserve banks
42,
Wholesale commodity prices, index of
214
Wholesale trade, index of
201
Withdrawals from Federal reserve system
17
Zinc, index of production
207





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102