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STATEMENT JOB ,I$E PRESS ReleagfK. f # p u b l i c a t i o n S a t u r d a y morning, Feb. 14; not e a r l i e r . S-246 F e d e r a l R e s e r v e Board F e b r u a r y 1 3 , 1931 CONDITION OF FEDERAL RESERVE BANKS 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 b a n k 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 e n d i n g F e b r u a r y 11, a s 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 $ 9 4 8 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 1 9 , 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 of $233,000,000 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 F e b r u a r y 11 t o t a l r e s e r v e bank c r e d i t amounted t o $ 9 2 9 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 2 0 , 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 p o n d s w i t h a d e c r e a s e of $ 1 4 , 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 i n c r e a s e s of $ 2 1 , 0 0 0 , 0 0 0 i n T r e a s u r y c u r r e n c y and $ 2 , 0 0 0 , 0 0 0 i n monetary g o l d s t o c k , o f f s e t i n p a r t b y an i n c r e a s e of $ 1 8 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n . There was p r a c t i c a l l y no change d u r i n g t h e week i n t h e S y s t e m ' s h o l d i n g s of d i s c o u n t e d b i l l s , t h e p r i n c i p a l changes by F e d e r a l r e s e r v e b a n k s b e i n g an i n c r e a s e of $ 7 , 0 0 0 , 0 0 0 a t New York and of $ 2 , 0 0 0 , 0 0 0 each a t C l e v e l a n d and San F r a n c i s c o , and a d e c r e a s e of $ 4 , 0 0 0 , 0 0 0 a t Chicago and of $ 2 , 0 0 0 , 0 0 0 each a t A t l a n t a and Kansas C i t y . The S y s t e m ' s h o l d i n g s of b i l l s b o u g h t i n open market d e c l i n e d $ 1 6 , 0 0 0 , 0 0 0 and of U. S. bonds $ 3 , 0 0 0 , 0 0 0 , w h i l e h o l d i n g s of T r e a s u r y n o t e s i n c r e a s e d $ 2 , 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 . 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 d u r i n g t h e week and t h e y e a r e n d i n g F e b r u a r y 11, 1931, mere 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 Feb. 11 1931 Feb. 4 1931 Feb. 12 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 S t a t e s 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 BANK CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 222 gg 610 9 929 4,651 1,782 Money i n c i r c u l a t i o n 4,594 Member b a n k r e s e r v e b a l a n c e s 2,365 Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 403 — 1 16 3 — 20 2 + - + a — - — + — _ 4- _ 18 14 1 - + + - 160 188 131 55 271 339 19 50 58 60 R e l e a s e d f o r p u b l i c a t i o n S a t u r d a y morning, Feb, 14,1931; n o t e a r l i e r . B-246a RESOURCES AMD LIABILITIES OF THE TWELVE FEDERAL P.S3SF.V2 BAMS COMBINED ( I n t h o u s a n d s of d o l l a r s ) Feb. 11.1931 Feb. 4 , 1 9 3 1 Feb. 12,1930 Gold w i t h F e d e r a l r e s e r v e a g e n t s . . . Gold r e d e m p t i o n f u n d w i t h U . S . T r e a s u r y 1,752,459 34,467 1,724,459 34,844 1,646,634 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 g o l d c e r t i f i c a t e s h e l d by "banks 1,786,926 1,759,303 419,179 897,930 1,704,192 664,423 Total gold reserves Reserves other than gold 3,077,491 176,855 3,254,346 76,649 3,076,412 184,445 2,974,978 198,479 3,260,857 3,173,457 78,119 68,031 79,396- ^ , 142,793-^ ' 74,578 148.339 212,650 169,264 222,189 87,739 222,917 104,275 381,914 276,084 80,906 83,728 69,592 186,182 222,786 478,560 11,280 R E S O U R C E S Total reserves 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 Total b i l l s discounted . . . 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 notes C e r t i f i c a t e s and b i l l s T o t a l U . S . Government s e c u r i t i e s Other s e c u r i t i e s T o t a l b i l l s and s e c u r i t i e s . . Dae f r o m 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 470,484 820,081 192,121 336,593 609,620 190,190 335,593 609,511 - 606,363 936,703 704 22,875 467,135 58,039 19,028 1,147,838 721 23,693 627,119 58,311 13,802 4,790,5^ 4,843,460 5,112,972 F. R. 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 b a n k - r e s e r v e a c c o u n t . . Government , F o r e i g n bank Other d e p o s i t s i,48i,oo6 1,476,742 1,682,444 2,364,686 2,378,806 51,792 5,456 18,744 2,307,658 11,743 6,305 64,288 Total deposits 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 2,417,350 2,454,798 455,356 169,361 .274,636 2,389,994 575,596 171,434 276,936 4,843,460 5,112,972 TOTAL RESOURCES 919,548 711 17,785 444,122 58,098y1 19,2%3 L I A B I L I T I E S . . . , TOTAL LIABILITIES . . . . 28,913 5,306 18,445 435,473 169,296 274,63> i 12,7m 4,790,5^ 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 . . S3.5 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 f o r foreign correspondents 445,6s4 i 12,557 l6,568 82.9# 77-9# 448,382 523.891 P T s n r i R CES RESOURCES MB LIABILITIES OF THE FEDERAL RESERVE BAMS OH FEBRUARY 11, 1931 ( I n t h o u s a n d s of d o l l a r s ) 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 1 3 9 1 ^:% i j$M° 1511i S11:511 :S1SH i:: ^ ^ ^ is p * £ im ,%l 3fdl9016°:7?^ .Bij r EEBr,r— Sir™ IS Tnt.ai t i l l , d i s c o u n t e d Bills 222,139 87773; ivwt- s e c u r i t i e s Tnt>1 t i l l s and s e c u r i t i e s Isllfs^ T0IAL RESOURCES 7 25 l:™ 1£ 3?r 10,723 7.576 51,461 W.T* 23,978 3.3U1 25,725 18,453 9,468 2.692 a,979 4,802 7,719 18-759 13,923 8,920 3.847 3 , 9 4 6 [ 14,423 2,ia^4,370 6 113 2,663 s- 1 7,709 5,180 .11 gf If IS -M 11 si ,;g ai u T n t . i tt s Minn. Kans.Cy. D a l l a s San F r a n . 609,620 46,553 193,928 50,564 58,359 17,261 919,548 64,852 273,145 77,883 93,552 38,406 81,844 24,151 26,303 34,028 29 , 37 3,, 34,500 114,526 36,918 32.370 52,8a 38,213 62,362 3 ft^l "1 i "I11 11 11 lil 4,790,5<j2 353,023 1 , 5 4 4 , 1 5 9 365,690 464,46 2 201,485 224,684 5 9 6 , ^ 1 9 2 . 0 2 4 116,391 190,567 119,796 421,973 L I A B I L I T I E S F.R.notes in actual c i r c u l a t i o n Deposits: Member t a n k - r e s e r v e a c c o u n t Government d e p o s i t s Foreign bank Other d e p o s i t s Total deposits 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 RESOURCES AIID LIABILITIES OF THE FEDERAL RESERVE BAKES OF FEBRUARY 11, 1931 ( I n t h o u s a n d s of d o l l a r s ) B-246c T o t a l B o s t o n New York F 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. D a l l a s San F r a n . 1,481,006 1 2 4 , 8 2 5 273,976 1 4 3 , 3 9 5 181,788 83,700 130,701 148,062 79,255 4 8 , 8 0 7 66,069 27,267 173,161 2,364,686 143,999 28,913 2,026 5.306 18,445 431 49 435,473 48,358 169,296 1 1 , 8 7 9 274,636 a , 2 9 9 I2,7%r-1 157 % In a c t u a l c i r c u l a t i o n 1,481,006 124,825 C o l l a t e r a l h e l d by a g e n t a s s e c u r i t y f o r notes issued to bank: Gold and g o l d c e r t i f i c a t e s 652,729 35,300 Gold f u n d - F . R. Board 1,099,730 109,617 E l i g i b l e paper 265,920 1 5 , 7 7 2 2,018,379 Total 247 2,031 90 111,004 35,775 43,346 33,101 65,657 16,784 15,861 5,762 8 0 , 5 7 5 27,065 28,971 12,114 59,339 3 3 1 , 8 1 3 1,986 207 4oo 1,630 777 480 70,593 2,914 201 500 6 1 , 9 3 2 334,700 74,208 1 3 , 9 2 3 5 1 , 3 7 5 21,796 4,880 5 , 2 7 7 20,077 1 10,562 10,857 3 9 . 9 3 U i,qq4 2.9&E 1.323 46,723 1,421 132 1 29 48,405 8,198 3,057 7,144 780 84,202 2,450 167 274 87,093 24,029 4,254 8,702 57,944 184,376 1,339 2,302 173 lh 391 5,705 59,530 1 9 2 , 7 7 4 1 9 , 0 8 8 25,480 4,352 11,456 8,936 1 8 , 4 7 5 623 6?7 4.790.5Q2 353,023 1,544,189 365,690 464,462 201,485 224,684 596,218 192,024 116,391 190,567 119,796 421,973 83 83.5 86.6 84.6 83.5 77.5 84.1 79-9 72.5 68.7 64.9 88.2 S3 3 Federal reserve notes: I s s u e d t o F . R . b a n k by F . R . A g e n t 1 , 8 9 7 , 9 4 4 1 5 4 , 9 6 3 Held by F e d e r a l r e s e r v e b a n k 4l6,938 30,138 B i l l s discounted B i l l s b o u g h t i n open m a r k e t C e r t i f i c a t e s and b i l l s 8,466 2,417,350 146,505 1,010,182 142,477 193,494 66,050 TOTAL LIABILITIES Reserve r a t i o (per cent) 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 £ chased f o r f o r e i g n correspondents 445,684 33,558 Total c o l l a t e r a l 992,741 140,412 189,602 62,942 7,529 1,248 1,280 2,738 1,446 570 581 230 222,189 87,739 336,593 160,689 2,795 22,097 26,607 1.002 758 - 145,449 44,297 45,192 17,898 16,108 420 * 60,405 15,061 10,291 12,976 13,423 30,426 FEDERAL RESERVE NOTE STATEMENT 415,909 1 7 1 , 0 0 6 212,699 1 4 1 , 9 3 3 27,611 3 0 , 9 1 1 273,976 143,395 181,788 9 9 , 9 4 3 1 5 7 , 3 4 0 198,078 16,243 26,639 50,016 83,700 130,701 l48,062 88,005 8,750 79,255 7 8 , 8 1 8 31,860 235,926 4,590 12,749 4,593 62,765 48,807 66,069 27,267 173,161 53,397 381,919 38,700 12,550 5,150 7,900 73,000 1 4 , 0 8 5 11,825 12,300 60,000 15,000 121,300 175,000 80,000 125,500 123,000 63,800 37,200 65,000 1 3 , 5 5 0 1 7 0 , 7 6 3 63,716 2 1 , 5 4 5 3 1 , 7 5 9 19,422 25,188 28,056 10,616 4,766 1 7 , 4 9 9 7,279 20,30 2 4 6 0 , 6 3 5 181,545 219,309 104,572 158,588 224,056 88,501 5 3 , 7 9 1 82,499 33,129 251,065 W i t h i n 15 days 140,520 194 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days t o l 6 t o 30 days 31 t o 60 days 6 l t o 90 days 6 months 33,099 29,801 9,481 19,439 15,686 13,866 35,734 356 122,067 Over 6 months 2,849 187,919
@FedFRASER