Full text of H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks : August 28, 1931

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STATEMENT FOE THE PRESS
B-470
F e d e r a l Reserve Board
August 27, 1931 -

Released f o r p u b l i c a t i o n
F r i d a y morning, Aug. 28;
not e a r l i e r .

CONDITION OF FEDERAL RESERVE BAFKS
The d a i l y a v e r a g e volume of Federal r e s e r v e Dank c r e d i t o u t s t a n d i n g d u r i n g
t h e week ending August 26, as r e p o r t e d "by t h e F e d e r a l r e s e r v e banks, was
$1,175,000,000, an i n c r e a s e of $60,000,000 compared w i t h t h e p r e c e d i n g week and
of $192,000,000 compared w i t h t h e c o r r e s p o n d i n g week i n 1930.
On August 26, t o t a l r e s e r v e "bank c r e d i t amounted to $1,199,000,000, an i n c r e a s e of $58,000,000 f o r t h e week. This i n c r e a s e c o r r e s p o n d s w i t h i n c r e a s e s of
$42,000,000 i n money i n c i r c u l a t i o n and $14,000,000 i n unexpended c a p i t a l f u n d s ,
e t c . , and a d e c r e a s e of $51,000,000 i n Treasury c u r r e n c y , a d j u s t e d , o f f s e t i n
p a r t by a d e c r e a s e of $40,000,000 i n member bank r e s e r v e b a l a n c e s and an i n c r e a s e
of $9,000,000 i n monetary gold s t o c k .
Holdings of d i s c o u n t e d b i l l s d e c l i n e d $3,000,000 a t t h e Federal Reserve Bank
of Kansas City and i n c r e a s e d $10,000,000 a t Mew York, ^2,000,000 e&ch a t Chicago
and San F r a n c i s c o , and $11,000,000 a t a l l F e d e r a l r e s e r v e b a n k s . The S y s t e m ' s
h o l d i n g s of b i l l s bought i n open market i n c r e a s e d $26,000,CO.• and of U. S. bonds
$45,000,000, w h i l e h o l d i n g s of Treasury c e r t i f i c a t e s and b i l l s d e c l i n e d
$40,000,000 and of Treasury n o t e s $4,000,000.
Changes i n t h e amount of r e s e r v e bank c r e d i t o u t s t a n d i n g and i n r e l a t e d
items during t h e week and t h e y e a r ending August 26, 1931, were a s f o l l o w s :
I n c r e a s e or d e c r e a s e
since
Aug. 26
Aug. 19
Aug. 27
1931
1931
1930
( I n m i l l i o n s of d o l l a r s )
242
181
728
49

+ 11

1,199

+ 58

1,720

- 51

4,994
Money i n c i r c u l a t i o n
2,342
Member bank r e s e r v e b a l a n c e s
Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 575

+ 42

B i l l s discounted
B i l l s bought
United S t a t e s s e c u r i t i e s
Other r e s e r v e bank c r e d i t
TOTAL RESERVE BkW. CREDIT
Monetary gold s t o c k
Treasury c u r r e n c y a d j u s t e d




4,992

+ 26
+ 22

- 4o
+ 14

+ 49
+ 18
+126
+ 24
+215
+489
- 70

Released f o r p u b l i c a t i o n Friday morning, August 28,1931; not e a r l i e r .

B-4/0a

RESOURCES Al-TD LIABILITIES
OF IKE TwELVE PUBERAL RESERVE BANKS COMBINED
( I n thousands of d o l l a r s )
Aug. 26,1^31

Aug. l q . i q l l Aug.27,1930

RESOURCES
Gold with Federal r e s e r v e agents
Gold redemption f u n d w i t h IJ. S. Treasury .
Gold h e l d e x c l u s i v e l y a g a i n s t F . R . n o t e s
Gold s e t t l e m e n t f u n d w i t h F. R. Board . .
Gold and gold c e r t i f i c a t e s h e l d by banks .
T o tal - o l d r e s e r v e s
Reserves other than gold

2,152,013

29,889
2,151,902
441,211
862,433
3,455,546

172,213

2,124,088
29,999
2,154,087
434,736
884,038
3 , 472,861
169,727
3,642,583
74,042

Total r e s e r v e s
Non-reserve cash
,
B i l l s discounted:
Sec. by U.S. Government o b l i g a t i o n s
Other b i l l s d i s c o u n t e d

3,657,759

Total b i l l s d i s c o u n t e d . . . .
B i l l s bought i n open market
U. S. Government s e c u r i t i e s :
Bonds
Treasury n o t e s
. . .
C e r t i f i c a t e s and b i l l s

241,71s

ISO,51s

154,628

291,977
32,297
403,724

247,342
36,241
444,307

T o ta l U.S. Government s e c u r i t i e s
Other s e c u r i t i e s

727,992
6,402

Total b i l l s and s e c u r i t i e s . .
Due from f o r e i g n banks
F. R. n o t e s of o t h e r banks
U n c o l l e c t e d items
Bank premises . . . .
A l l other r e s o u r c e s

72,111

98,782
142,936

93,642

136,367
230,609

727,830
5,102

1,156,636

1,118,229

38,373

16,889
462,236
58,962
32,636

16,010

10,749

1,575,256
35,919

1,611,175
568,304
776,453
2,955,932

163,721

3,119,653
70,310

62,197
131,07s
193,275

163,274
75,827
302,045
224,041

601,913
8,572
967,034

702
19,240
505,962
59,609

407,424
59,083
33,462
5,440,863

5,416,391

4,759,243

F. R. n o t e s in a c t u a l c i r c u l a t i o n .
Deposits:
Member bank - r e s e r v e account . .
Government
,
Foreign bank
Other d e n c s i t s . .

1,945,507

1,301,844

1,337,24s

2,341,993
8'2,6O4

2,382,236

Total de-posits
Deferred a v a i l a b i l i t y items
C a p i t a l p a i d in . . . . .
.
Surplus
All other l i a b i l i t i e s . . .

2,418,375
25,988
5,549
19,657

2,534,335

TOTAL RESOURCES

. . .

16,733

L I A B I L I T I

TOTAL LIABILITIES

182,921
26,812

403,634
274,636
15,557

167,134
5,4lio,s63

R a t i o of t o t a l r e s e r v e s t o d e p o s i t and
F. R. note l i a b i l i t i e s combined . . .

19'S%

Contingent l i a b i l i t y on b i l l s purchased
for foreign correspondents

229 , 9 70




28,923

163,4oS

26,617

2,606,244

450,61s
167,233
274,636
15,315

5, HlS, 391
SO.5
226,731

2,470,069
489,7SX
163,765:
276,936,
15,444
4,759,243.
81.9 $
471,522

RESOURCES AID LIABILITIES OF THE FEDERAL RESERVE BAiTKS OK AUGUST 26, 1931
(In thousands of dollars)
B-470~b
Total Boston Hew York Fnila. Cleve.
Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran
Gold with Federal reserve agents
2,152,013 159,917
501,468 170,000 238,250 55,570 10S,900 436,900 69,330 50,06$ 64,000 IS,350 230,7§3
Gold redemption fund with U.S.Treasury
29.889
975
12.592
1,698
2,218
1,100
1,286
3,835 1 » 4 52
XJ200 l , 0 3 i
l^Sob
RESOURCES

g2

rHelnote°~S1VeIy ^

a i

-~

2,181 o 0 ? IbO,802

^
Total gold r e s e r v e s
Reserves other t h a n g o l d

Total reserves

N
Iivon-reserve

cash

•kS&LT-"Other b i l l s discounted
Total "bills discounted
B i l l s "bought in open market

Total b i l l s and s e c u r i t i e s

TOTAL RESOURCES




^

56,670 108,186 490,73 5 70,782

1:2

50,701

1:51
126,578 658,430

65,200

^

19,881 232,629

1:% %%

3,485,546 217,832 1,1-57,088 248,250 346,949 79,°08
103,294 69,850 93,766 41,007 312,894
172,213 l b , 0 5 4
51,224 9,574 l 4 , 218 9,893
6,719 26,493 10,370
3_>_<^3£ L' 7°°
7,950
?_1094
3,657,759 233,856 1,238,312 257,824 361,167 89,501 133,297 684,923 113,66 4 7 3,636 101,55*+ 48,957 3 20,9
72,111 9,687 23,514 3,296 2,597 3,754 4,627 9,058 4,093 l,4b6 1,978 3,575 4,466

,B:S iSt ft* .as 83$ ,I:S i $ tS « ».S £« «S_1S
142,936
5,9(8
24l,7lS 10,212
180,518 l4,8G6

m
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

^l4,0b0 171,698 240,468

::-s

727,998 53,'l6l
6,402
70
1,156,636 78,309

19,150
48,366
68,318

lc-,629 17,8ol lo,323
18,105 29,913 18,75%
12,222 17,896
5,057

20, lo
22,357
3,862

16,571

. a

m

m

: $

224,555
4,650
346,389

54,467 72,085 31,55"
530
100
^0
85,324 119,99% 55,426

: : i

25,269

10,939

3,872

1 1

4,513
3,039

12,659
6,539

: a : :

22,31° 95,33 2 30,476 27,olO 39,077
52
yo
40
82
560
48,585 137,302 45,327 35,444 58,835

13,750
4,923

35,582
14,155

n

: i
25,130 52,031
40
43,843 101,858

g'-i 1 a a i 11 <j 4 * i I

5,440,863 375,831 1,783,976 388,76s

534,851

185,803 203,023 896,729 186,465 122,994 191,212 112,752 458,459

l i a b i l i t i e s

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS OK AUGUST 26, 1931
( i n thousands of d o l l a r s )
T o t a l Boston Hew York F h i l a . CI eve.
R i c h . A t l a n t a Chicago S t . L o u i s

1,9^5,507 138,767
393,105 143,662 240,208 67,218 112,507 UI6,966
P.R.notes in actual c i r c u l a t i o n
Deposits:
2,341,993 139,091 1,001,282 141,529 180,834 59,694 54,269 338,808
Member bank - r e s e r v e account
S2,b04 2,760 55,502 2,092 s3,623 3,839 1,235 4,189
Government
62,412 17,780 I %,139 7,184 6,465 24,246
182,921 13,470
F o r e i g n "bank
109
5-6
591
08 6,178
26,812
37 11,051
Other d e p o s i t s
2,634,335 155,35s 1,130,247 161,469 208,774 70,876 2,625 367,834
Total deposits
403,634 48,403 104,921 34,636 40,130 29,127 9,772 50,215
D e f e r r e d a v a i l a b i l i t y items
167,194 11,794 64,805 16,727 15,732 5,666 - .133' 19,713
Capital paid in
-• >
274,636 21,299
So,575 27,0^5 23,971 12,114 10,857 39,936
Surplus
2.079
2,065
802
15,557
JSLd
5.320
209
1,036
All other l i a b i l i t i e s
<n
5,440,363 375,531 1,783,976 338,76 534,851 135,803 203,023 896,729
TOTAL LIABILITIES
76.1 87.3
64.8
80.4
31.0
83.1
Reserve r a t i o (per c e n t )
79.9
79.5
Contingent l i a b i l i t y on b i l l s p u r 229,970 17,242 75,712 22,759 23,219 9,196 8,276 31,036
chased f o r f o r e i g n correspondents

3-4]!0c
Minn. ICans.Cy. D a l l a s San Fran.

73,391

51,333 66,233

68,46s

46,944 80,896 51,566 173*617
1,232 1,383 1,748 2,462
5,333
5,388 12,213
4,130
47
28 7,681
223

1,839

6,286
743
77,336
19,H5
4 7 4
* ?

10,562
1,277

^ , 7 8 0 203,332

52,579 87,534 58,730 200,973
3,177 22,102 13,409 23,627
4,213
4,135 11,396
2,988
7,144 8,702 8,936 18,475
418
712
656
773

156,465 122,994 191,212 112,752 458,459
75-4
70.9
65.2 57-3 79.4
3,046 5,237 6,667 6,897 15,633

FEDERAL RESERVE IIOTE STAT CLIENT
Federal reserve notes:
I s s u e d to F.R.bank by F . R . a g e n t
Held by F e d e r a l r e s e r v e bank
In a c t u a l c i r c u l a t i o n
C o l l a t e r a l h e l d by a g e n t as s e c u r i t y f o r n o t e s i s s u e d t o bank
Gold and g o l d c e r t i f i c a t e s
Gold f u n d - F. R. Board
E l i g i b l e paper
Total c o l l a t e r a l

*' '

1,9^5,507 133,767




395,105 143,562 240,838

1;9n1 W
' "' 26,780 203,33 2
6o,23

1:% 1 : ^

67,218 112,507 4l6,9o6' 73,391

51,333

9

2,443,3^0

i.

7,300 70,000)
10,070 10,900 73,900 1 5,130 6,665 .
11,550
160,763/
45,500 96,000 413,000 54,200 43,400 o4,000
15,081
41,9#
21,891 24,033 24,570 13,077 6,633 15,392
175,650 561,949 186,253 274,070 77,461130,932511,770 52,407 56,703 79,392 33,931272,7^1

737,533 35,30
1,4I4,33Q 1 2 4 , b l 7
291,3%7 15,763

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
Municipal w a r r a n t s

'7:57' M : ! § %
446,458 35,700 23,250
Rh.OOC 131,300 215,000
So,Ugl 16,233 35,320

Lthin 15 days

MATURITY DISTRIBUTION OF BILLS A2TD SHORT TERM SECURITIES
91 days to
6 l to 90 days
31 to 60 days
l 6 t o 30 days
6 months

241,718

155,446

17,768

403,724

21,425

24

180,518

52

29,120

25,181

37,639
2,128
32,950
10

23,327
124,051
97,150

\
Over 6 months

6,975

513

128,631

123,544

35

42