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STATELET! FOR THB PRESS Released f o r p u b l i c a t i o n Friday morning, Aiig. 21; not-earlier. B-UoO Federal Reserve Board August 20, 1931. CO:iDITIC!J OF FEDERAL RSS'cSYS BMKS The daily average volume of Federal reserve bank c r e d i t outstanding during the week ending August 19, as reported by the Federal reserve "banks, was $1,115,300,000, an increase of $68,000,000 compared with the preceding week and of $111,000,000 compared with the corresponding week in 1930. On August 19 t o t a l reserve bank c r e d i t amounted to $1 , l 4 l , 0 0 0 , 0 0 0 , an i n crease of $36,000,000 f o r the week. This increase corresponds with an increase of $62,000,000 in money in c i r c u l a t i o n and a decrease of $19,000,000 in Treasury currency, a d j u s t e d , o f f s e t in p a r t by an increase of $19,000,000 in monetary gold stock and decreases of $11,000,000 in member bank reserve balances and ol6,000,000 in unexpended c a p i t a l funds, nonmember bank d e p o s i t s , e t c . Holdings of discounted b i l l s declined $11,000,000 at the Federal Reserve Bank of Hew York and increased $23,000,000 at San Francisco, $14,000,000 at Cleveland, $4,000,000 each a t A t l a n t a and Kansas City and $36,000,000 at a l l Federal reserve banks. The System's holdings of b i l l s bought in open market increased $19,000,000 and of U. S. bonds $17,000,000, while holdings of Treasury notes declined $10,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $7,000,000. Changes in the amount of reserve bank c r e d i t outstanding and in r e l a t e d items during the week and the year ending August 19, .1931, were as follows: Increase or decrease since Aug. 19 1931 Aug. 12 1931 Aug. 20 1930 ( i n millions of d o l l a r s ) B i l l s discounted B i l l s bought United States s e c u r i t i e s Other reserve bank c r e d i t TOTAL R E S E R V E BAEC CREDIT Monetary gold stock Treasury currency a d j u s t e d 231 155 728 27: + + l,l4l 4,983 1,771 + Money in c i r c u l a t i o n 4,952 Member bank reserve balances 2,382 Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 561 36 19 + 35 4 19 - - 36 19 19 +155 + 491 - 17 + 62 + 511 - 32 + 150 - + - 11 l6 + 126 2 Released f o r p u b l i c a t i o n Friday morning, August 21,1931; not e a r l i e r . B-460a RESOURCES AMD LIABILITIES OF THE (TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Aug. 19.1931 Aug. 12.1931 Aug.20.1930 RESOURCES Gold with Federal reserve agents . . . . Sold redemption fund with U.S.Treasury . Gold held e x c l u s i v e l y against F.R.notes Gold settlement fund with F. R. Board . Gold and gold c e r t i f i c a t e s h e l d by banks 2,124,055 2,077,685 29 , 6 7 5 1,537,714 35,319 2,154,087 434,736 584,035 2,107,363 1,573,533 Total i^old reserves . Reserves other than gold . . . * Total r e s e r v e s . lion-reserve cash B i l l s discounted: Sec. "by U.S. Government o b l i g a t i o n s Other b i l l s discounted . . . Total b i l l s discounted B i l l s bought in open market . . U. S. Government s e c u r i t i e s : Bonds Treasury notes C e r t i f i c a t e s and b i l l s . . . Total U.S.Government s e c u r i t i e s Other s e c u r i t i e s Total b i l l s and s e c u r i t i e s . . Dae from f o r e i g n banks F. R. notes of other banks Uncollected items . . Bank premises . . . . All other resources . TOTAL RESOURCES 29,99 5 479,711 862,108 558,821 807 ,065 3,472,861 169,727 3,449,182 2,939,419 168,899 167,638 3,642,555 74,042 3,618,081 3,107,057 67.042 93,642 67,623 127,357 194,980 135,73s 63,876 132,303 196,179 230,454 75,682 304,678 221,580 136,967 230,609 154,625 , 75,091 247,342 36,241 444,307 451,266 727,890 727,961 5,102 1,118,229 10,749 16,559 462,236 58,962 46,241 6,102 1,064,781 25,964 16,031 158,922 6oi,94o 7,922 964,963 702 457,146 18,527 54s,4o4 32,696 30,700 16,548 5,4i6,39l 5,346,756 4,782,849 1,901,844 1,829.301 1,323,708 2,352,296 22,923 1o8,4OS 2,392,837 15,074 180,483 28,675 2,413,559 30.093 5,563 19,352 2,617,069 2,469,067 528,326 58,962 59,606 L I A B I L I T I E S F. R. notes in a c t u a l c i r c u l a t i o n Deposits: Member bank - reserve account . . Government . . . . . . Foreign bank . , Other deposits Total d e p o s i t s Deferred a v a i l a b i l i t y items Capital paid in Surplus All other l i a b i l i t i e s . . . TOTAL LIABILITIES 26,617 2,606,244 450,618 167,233 274,636 15,316 5,416,391 443,095 167,279 274,636 15,376 5,346,756 169,723 276,936 15,029 4,782,849 Ratio of t o t a l r e s e r v e s to deposit and F. R. note l i a b i l i t i e s combined . . . 80.8$ 81.4# 81.9# Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents . . . . 226,751 220,174 478,315 RESOURCES flD LIABILITIES OF THE FEDERAL RESERVE BALKS Oil AUGUST 19, 1931 (In thousands of d o l l a r s ) ' ' B-460b Total Boston Hew York P h i l a . CI eve* Rich. A t l a n t a Chicago St. Louis Minn. Kans.Cy. Dallas San Prao. G o l d w i t h Federal reserve agents 2,124,088 159,91? USl.lioS 170,000 222,550 55,576 107,4)0 %S,900 p , t 3 0 49,846 64,000 19,850 235,76} Gold redemption fund with U.S.Treasury 29,999 991 12,592 1,698 2,252 1,100 1,305 LJL53 1*^57 , P39 1j_2C4—1_,_015 hJLD : Gold h e l d e x c l u s i v e l y against • . . : ' • >• • 1 , ^ F. R. notes " 2,154,087 l60,903 494,060 171,698 224,802 56,670 108,705 490,753 72,287 50,479 65,204 20,865 237,o3o Gold settlement fund with F.R.Board 434,736 27,786 133,705 51,190 49,293 17,847 9,886 48,01,2 j.8,889 t 5 , 6 3 3 17»2U9 l4,00$ 3 l , 2^7 Gold and gold c e r t i f . held "by "banks 884,038 36,543 563,848 28,606 65,685 5,127 8,363 104,500 10,897 5_>_97_1 8,845 —5>_043— 4 l , 510 Total gold r e s e r v e s 3,472,861 225,237 1,191,613 251,4g4 339,780 79,644 126,954 643,265 102,073 71,183 91,298 39,937 310,383 Reserves other than gold 169,727 15,756 51,158 9,54o l4,425 10,274 6,387 25,067 10,036 3,891 7,64g 7,515 8,029 " Total r e s e r v e s 3,642,588 2^0,993 1,242,771 261,034 354,205 89,918 133,341 668,332 112,109 75,074 93,947 47,452 318,412 non-reserve cash ?4,o42 10,707 24,268 3,579 3,858 3,739 4,058 8,800 3,856 1,674 1,768 3,30 5 4,430 RESOURCES 0tSrtmsTJd?;co^edDllSatlOnS 136:967 5',311 Total b i l l s discounted B i l l s "bought in open market 230,609 154,628 9,302 11,302 38,775 63,l6b U 247,342 16,398 36,2*1 403 444,307 3 6 j 6 o 73,431 3,996 142,128 16,692 18,573 10,249 219,555 3,350 324,846 4,132 5, ° H 122,083 15,240 16,128 72,085 31,558 22,342 95,332 30,476 27,676 100 bO 5p 130 %0 82 82,86b 117,097 55,^1% 49,033 130,215 43,499 34,829 l,0o2 1,033 42^ 386 1,448 25 17 127 1,338 1,239 797 2,091 1,038 1, 130 42,004 44,306 32,858 11,915 57,501 20,133 9,749 2,6l4 7,575 3,625 2,573 8,0ol 3,635 1,92b 1,327 2,309 1,56/ 3,056 1,922 1,25b 1,262 "Bonds°Vernment s e c , j r i t i e s : Treasury notes C e r t i f i c a t e s and b i l l s Total U.S.Govt, s e c u r i t i e s Other s e c u r i t i e s Total "bills and s e c u r i t i e s Dae from f o r e i g n "banks F. R. notes of other banks Uncollected items Bank premises All other resources TOTAL RESOURCES 727,890 5,102 1,118,229 10,749 l6,889 53,i6i JO 73,835 805 223 462,236 5^,042 58,962 3,458 32,696 875 17!54I 12:752 14:668 X71300 19:613 18,221 9,648 3,742 34,033 54,467 530 30,517 14,395 10,477 43,035 19,721 4,075 234 21,075 21,750 4,891 8J82 I'M 14,945 19,808 9,977 3,006 6,056 43,656 2,560 566 13,72b 51,110 3,922 l l ^ l 12,99% 4,347 16,089 13,464 33,501 2,724 5,077 4,197 12,339 8,421 13.467 11,691 16,021 12,687 3,703 300 154 9,950 t 156 18,352 14,053 27,086 13,955 29,394 39,077 5^0 30,130 52,031 ^0 90 60,803 47,831 97,961 311 1,231 322 ^ 729 32o 1> 73 26,308 14,705 2b,632 3,803 1,831 4,621 fSS 1,115 1,111 5>4l6,39l 384,938 1,755,079 39%,6l3 531,771 188,789 205,159 878,370 185,551 125,661 193,939 116,887 455,634 L I A B I L I T I E S "RESOURCES Mb LIABILITIES OP THE FEDERAL RESEtiVE 'BANKS GIT AUGUST 19, 19JI b-46oc (In thousands of d o l l a r s ) Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total Boston Hew York P h i l a . Cleve. 373,987 l4g,906 230,66s 67,622 113,256 410,006 73,208 51,338 62,184 27,060 192,295 1,901,844 139,243 F.R.notes in actual c i r c u l a t i o n Deposits: Me :.,sr t a n k - reserve account 2,322,296 143,691 1,036,125 144,59s 127,501 61,733 5^,313 Government 22,923 2,711 s,793 1,725 1,545 2,128 1,628 162,402 12,437 57,i4I i 6 , 4 i b 16,742 6,633 5,9b9 Foreign bank n4 60 26.617 206 11,239 43 7,143 Other deposits Total d e p o s i t s 2,606,244 159,045 1,113,358 162,782 212,937 70,668 61,970 Deferred a v a i l a b i l i t y items 450,618 53,233 116,776 38,942 42,443 31,891 11,801 167,233 11,816 64,210 16,727 15,737 5,662 5,198 Capital paid in 274,636 21,299 80,575 27,065 22,971 12,114 10,257 Surplus 760 2,077 15.816 297 5,573 191 1,015 .111 other l i a b i l i t i e s ,07Q-J394,613 531,771 128,729 205,159 TOTAL LIABILITIES 5,4i6,39l 384,938 l,75>,^i 83.7 79.8 65.0 76.1 80.8 80.8 23-6 Reserve r a t i o (per cent) Contingent l i a b i l i t y on b i l l s p a r chased f o r f o r e i g n correspondents 226,781 lb,918 75,424 22,331 22,782 9,023 8,120 324,654 66,516 1,261 1,373 5,204 22,386 235 976 349,877 73,928 56,264 a , 767 4,784 19,622 39 ,936 10,562 1,999 _ U 0 2 . 278,370 125,551 3.t<.0 76.2 30,452 7,295 42,1^5 20,295 1,889 1,591 3,2i4 4,209 222 42 54,396 87,337 2,962 25,076 4,220 2,988 7,144 8,702 420 827 125,661 193,939 71.0 5,182 53.6 0,542 54,002 1,655 4,975 32 60,670 15,313 4,202 8,936 706 116,227 54.1 179,737 1,964 11,276 6.299 199,276 27,544 11,395 18,475 64q 455,634 80.1 6,767 15,339 FEDERAL RESERVE SFOTE STATE: E E Fe.deral r e s e r v e n o t e s : Issued to F.R.bank by F.R. agent Held by Federal reserve bank In a c t u a l c i r c u l a t i o n C o l l a t e r a l h e l d by agent as s e c u r i t y f o r notes issued to bank Gold and gold c e r t i f i c a t e s Gold fund - F. R. Board E l i g i b l e paper Total c o l l a t e r a l 2,300,913 163,130 399,069 23,282 1,901,844 139,242 707,058 1,417,030 274,314 2,398,402 Total B i l l s discounted B i l l s bought in open market C e r t i f i c a t e s and b i l l s Maniciyal warrants 230,609 154,628 444,307 52 35,300 124,617 13,239 173,156 517,072 173,292 254,114 74,961 129,057 494,226 81,008 55,626 75,942 33,196 249,157 143,091 24,386 23,446 7,273 15,201 24,220 7,200 4,348 7,764 6,136 50,862 373,987 l42,906 230,668 67,622 113,256 4l0,00o 73,208 51,338 68,184 27,060 198,295 426,468 55,000 52,698 534,166 Within 15 days 145,614 30,365 31,925 38,700 131,300 i6,373 186,373 12,550 210,000 34,830 257,380 10,070 45,500 a,978 77,5^ 10,900 96,500 24,503 131,903 73,900 413,000 21,i4o 508,o4o 15,130 6,74o 7,300 55,700 43,100 64,ooo 12,550 11,295 6,171 12,023 14,658 82,125 56,011 82,023 34,508 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES 91 days to 6l to 90 days l 6 to 30 days 31 to 60 days 6 months 7,458 22,904 18,316 35,830 6,267 92,890 39 25,067 139,624 77,150 S,S66 37,950 10 42 70,000 165,763 39,^)6 275,169 Over 6 months 487 128 , 7 9 2
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