The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS
Released, f o r p u b l i c a t i o n
F r i d a y morning, D e c . li;
not e a r l i e r .
B.592
F e d e r a l Reserve Board
December 1 0 , 1 9 3 1
COimiTIOTJ OF FEDERAL RESERVE BAlTIiS
The d a i l y a v e r a g e volume of F e d e r a l 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 d u r i n g
t h e week ending December 9» 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 b a n k s , was
$1,932>000,000, a d e c r e a s e of $ 1 4 , 0 0 0 , 0 0 0 compared w i t h t h e p r e c e d i n g week and
an i n c r e a s e of $ £ 2 3 , 0 0 0 , 0 0 0 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 December 9 t o t a l 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 amounted to
$ 1 , 8 8 0 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 2 5 t 0 0 0 , 0 0 0 f o r t h e week. T h i s d e c r e a s e c o r r e s ponds w i t h d e c r e a s e s of $ 2 , 0 0 0 , 0 0 0 ' i n money i n c i r c u l a t i o n and $19,000,000 i n
unexpended c a p i t a l f u n d s , nonmember d e p o s i t s , e t c . , and an i n c r e a s e of
$ 2 0 , 0 0 0 , 0 0 0 i n monetary gold s t o c k , o f f s e t i n p a r t by an i n c r e a s e of $ 1 3 , 0 0 0 , 0 0 0
i n member bank r e s e r v e b a l a n c e s and a d e c r e a s e of $ 3 , 0 0 0 , 0 0 0 i n T r e a s u r y
currency, a d j u s t e d .
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 $ 8 , 0 0 0 , 0 0 0 a t t h e F e d e r a l R e s e r v e
Bank of San F r a n c i s c o and $ 4 , 0 0 0 , 0 0 0 each a t B o s t o n , Richmond and A t l a n t a ,
and i n c r e a s e d $ 1 5 , 0 0 0 , 0 0 0 a t Hew York, $ 8 , 0 0 0 , 0 0 0 a t C l e v e l a n d a n d $ 7 , 0 0 0 , 0 0 0
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 d e c l i n e d $ 3 4 , 0 0 0 , 0 0 0 and of T r e a s u r y c e r t i f i c a t e s and b i l l s $ 1 , 0 0 0 , 0 0 0 ,
w h i l e h o l d i n g s of U. S . bonds i n c r e a s e d $ 2 , 0 0 0 , 0 0 0 .
Changes i n t h e amount cf 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
i t e m s d u r i n g t h e weak and t h e y e a r ending December 9> 1931 were a s f o l l o w s :
I n c r e a s e or decrease
since
Dec. 9
Dec. 2
Dec. 10
1931
1931
1930
( i n m i l l i o n s 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 r e s e r v e b a n k c r e d i t
TOTAL RESERVE BAEK CREDIT
Monetary g o l d s t o c k
Treasury currency a d j u s t e d
725
389
717
49
+ 7
- 34
1,880
- 25
4,437
1,777
Money i n c i r c u l a t i o n
5»507
Member bank r e s e r v e b a l a n c e s
2,086
Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 501
*Docember 2 f i g u r e s r e v i s e d .
+ 2
+ 20*
-
3
- 2*
+ 13
- 19
+ 468
+ 146
+ 100
+ 33
+ 746
- 139
- 27
+ 851
- 362
+ 90
R e l e a s e d f o r p u b l i c a t i o n F r i d a y morning, Dec. 11,1931; not e a r l i e r .
B-592a
RESOURCES AND LIABILITIES
OF THE TfffiLVE FEDLEAL
BAHS COMBINED
( I n t h o u s a n d s of d o l l a r s )
Dec. 9 , 1 9 3 1
Dec. 2,1931
Gold w i t h F e d e r a l r e s e r v e a g e n t s . . . .
Gold r e d e m p t i o n lurid w i t h U» S« T r e a s u r y .
1,508,396
1,747,581
1,650,870
against F.R.notes
Gold s e t t l e m e n t f u n d w i t h P. R. Board .
Gold and g o l d c e r t i f i c a t e s h e l d by banks
1,372,713
^ " j o g ,296
__ 699 ,104
1 , 8 1 7 , 292
361,428
762,850
1 , 6 8 4 , 3 23
474,0°4
846 '603
2,963,113
lb7,355
2,941,570
l6b,063
3,005,020
136 ,457
3,135,973
3,107,633
3,l4l,477
s n o u s c
Dec. 10,1930
a s
^al_gol^eserves
Reserves other than gold
64,122
1 -
Total^reserves
69,711
33 , U53
» . *
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
$iLtal _b_i 1 l s _ d i s c o u n t e d
B i l l s bought in open market
U. S. Government s e c u r i t i e s :
.
. . . .
Sond s
-
Treasury notes
C e r t i f i c a t e s and b i l l s
^3Qjlr.GoYO£j3Sgnt
Other s e c u r i t i e s
se
curities .
To taOilLs^ri(L..s^.H i ties
Due from f o r e i g n banks
F. R n o t e s of o t h e r banks
Uncollected items
Bank p r e m i s e s
All other resources
TOTAL RESOURCES
. . . .
F. n . n o t e s i n a c t u a l c i r c u l a t i o n . . .
Deposits:
Member bank - r e s e r v e account . . . .
Government
&"
i o r e i g n bank
Other d e p o s i t s
: : : : : : : :
TOTAL LIABILITIES . . . .
R a t i o of t o t a l r e s e r v e s t o d e p o s i t and
F. R. n o t e l i a b i l i t i e s combined . . .
C o n t i n g e n t l i a b i l i t y on b i l l s p u r c h a s e d
for foreign correspondents
3o3,707
353 ^ 6 0
go 676
167I42I
725,182
339,219
717,567
423,407
257,097
243,697
317,63b
316,484
70,910
19,050
379.557
19,950
380,587
239,282
_30Mll
717,193
29,972
717,021
30,232
6l7,003
108
1,861,566
1,838,227
1,117,905
8,725
15*,823
410,732
39 ,674
8,724
15,694
^5%,277
59,475
4i ,102
702
15,322
5^6,348
59 742
20,' 780
5,^99",432
5,637,44$
4,942,237
2,484,892
2,478,130
l,475,745
2,085,008
2,073,454
2,447,517
21,595
22,333
16,402
117,674
27,221
137,136
25,451
5,557
20,273
2,2^,493
400,648
1oO,947
2,258,374
443,278
163,589
2,489,749
511,002
170,302
J g j g
J
5,599,482
5,637,445
6047
L I A B I L I T I E S
Total deposits
D e f e r r e d a v a i l a b i l i t y items
Capital paid in
377 525
347 ^ 5 7
^
f-
(&Q&
&
g
4,942,237
66.1%
65.6%
79.2%
168,486
134,053
417,422
R v q O T I R r v s
R E S O U R C E S
%
G.ld held exclusively against
^
.
HESOURCES AXTD LIABILITIES OF THE FEDERAL RESERVE BANKS ON DECEMBER 9 , 1931
( I n t h o u s a n d s of d o l l a r s )
"
^
B_5
"Snif ? | ?ifil
J
~
ld2k
hlii
g
.778
• -mtnrmr* - trims WW
SSSF smmmiMmmii#!
.!te=- g m n i
r
'mmmzaiQ
. o u l Bis0imc±,s
5.599.432 369.787 1.717,773 4 9 6, 7 4 7 570,631 209,233 205,420 921,199 I 9 f . u k 136,642 192,207 133.89c 453,169
L I A B I L I T I E S
F.P., n o t e s i n a c t u a l c i r c u l a t i o n
RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH DECEMBER 9, 1931
( I n thousands of d o l l a r s )
B-592b
Dallas
San Fran.
T o t a l Boston New York P h i l a . Cleve.
R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy.
2 , 4 8 4 , 8 9 2 140,450
519,304 274,239 316,136 98,563 120,552 501,763 85,505 67,458 82,034 48,815 221,0,73
Moroor bank - r e s e r v e account
!,086,008 128,602
895.076 127,723 148,690 54,645 48,591 289,575 65,089 46,067 70,955 50,048 160,887
Government
%
2,077
1,266
1,556
2,377
27,595
1,398
4,393
3,223
3,162
1,082
1,897
4,446
{Jis
3
,
3
4
i
8,706
F o r e i g n bank
2,945 3,713
117,674
9,603
31,764 12,675 12,931
5,121
4,609 17,285
4,481
Other d e p o s i t s
165
5,693
304
169
27,221
4l
10,589
276 8,156
310
214
817 *7J 48 2
Total deposits
,25^,498 139,644
941,822 143,957 172,939 61,158 55,311 312,123
b770 50,532 76,393 56,431 177,368
D e f e r r e d a v a i l a b i l i t y items Cj ,
7,664 20,909 14,304 23,992
400,648 47,200
108,259 34,135 36,226 30,931 11,290 46,675 19.013
4,182
4,150 11,333
C a p i t a l p a i d in
4,720
61,613 16,700 14,792
160,947 11,756
5,153 18,073
5.500
3,702
3,936 18,475
Surplus
80,575 27,065 28,971 12,114 10,857 39,936 10,562
274,636 21,299
1,254
834
2,624
923
All other l i a b i l i t i e s
537
43 s
l,6l4
6,200
601 1,567
2,252
19.861
967
TOTAL LIABILITIES
,482 369,787 1,717,773 496,747 570,631 209,233 205,420 921,199 192,134 136,642 192,807 133.890 453,169
58.0
52.1
Reserve r a t i o ( p e r c e n t )
66.1
b6.6
bb.l
61.2
71-9
72.4 r ' 5 7 . % w 61.3
59.7
49.3
55.4
Contingent l i a b i l i t y on b i l l s p u r c h a s e d f o r f o r e i g n c o r r e s p o n d e n t s 168,486 11,873
3,641
4,591
4,749 10,765
5,540
62,264 15,672 15,939
6,332
5.699 21,371
Federal reserve notes:
I s s u e d t o F.R. bank by F . R . a g e n t 2 , 7 3 8 , 8 9 7 167,846
570,131
Held by F e d e r a l r e s e r v e bank
304,C05 18,396
50,327
In a c t u a l c i r c u l a t i o n
2,484,892 149,450
519,304
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 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
762,566' 47,010 ' 347',336
Gold f u n d - F. S. Board
1.045,830) 57/617/
25>,000
E l i g i b l e paper
1,0387-5^5 70-^04
209),131
Total c o l l a t e r a l
2,846^99 17^-236
581,517
B i l l s discounted
B i l l s bought i n open market
C e r t i f i c a t e s and b i l l s
Municipal w a r r a n t s
Total
Within 15 days
725,132
389,219
379,557
4,292
561,477
186,126
52,443
515
F3DERAL RESERVE NOTE STATEMENT
303,440 336,945 108,611 137,315 588,062 88,955 70,190 93,552
3,450
2,732 11,513
29,201 20,809 10,o48 16,763 86,299
274,239 316,136 93,563 120,552 501,763 85,505 67,458 82,034
54,700
64,470
10,420
10,900
93,771 125,08b
47,239
77,047 154,716 4o,353
155,300 152,000
52,100
91,900
15,705
49,750 356,000 33.000
303,771 341,556 109,759 137,697 602,616
89,053
8,945
9,830
56,247 267,603
7,432
46,530
48,815 221,073
12,300
39,000
41,300
41,800
16,200
20,38b
47,420
23,659 1 24,046
70,631
99,100
57,159 273,809
MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES
91 days to
l 6 to 30 days
31 to 60 days
6 l t o 90 days
6 months
18,176
53,284
35,641
49,926
673
56,204
126,242
19,969
111,793
112,704
23,950
13,152
29
69
299
3.330
65,763
Over 6 months
1.678
65,515
@FedFRASER