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STATEMENT FOR THE PRESS Released for publication Friday morning, Feb. 20; not e a r l i e r . Federal Reserve uoard February 19, 1931» CONDITION OF FEDERAL RESERVE BANKS The d a i l y average volume of Federal r e s e r v e bank c r e d i t outstanding during the week ending February 18, as r e p o r t e d by the Federal r e s e r v e banks, vsas $9UO,000,000, a decrease of $8,000,000 compared with the preceding week and of $243 ,000,000 compared with the corresponding week i n 1930. On February 18 t o t a l r e s e r v e bank c r e d i t amounted to $905,000,000, a decrease of $24,000,000 f o r the week. This decrease corresponds with a decrease of $34,000,000 i n money i n c i r c u l a t i o n and an increase of $10,000,000 in monet a r y gold s t o c k , o f f s e t i n p a r t by an increase of $15,000,000 in member bank reserve b a l a n c e s and a decrease of $4,000,000 in Treasury currency. Holdings of discounted b i l l s declined $14,000,000 a t the Federal Reserve Bank of New York, $3,000,000 each a t Cleveland and Kansas C i t y , and $22,000,000 at a l l Federal reserve banks during the week. The System's holdings of b i l l s bought in open market i n c r e a s e d $6,000,000 and of Treasury notes $4,000,000, while holdings of Treasury c e r t i f i c a t e s and b i l l s declined $13,000,000 and of U. S, bonds $2,000,000. Changes i n the amount of r e s e r v e bank c r e d i t outstanding and i n r e l a t e d items during t h e week and the year ending February 18, 1931• were as f o l l o w s : Increase or decrease since Feb. 18 1931 Feb. 11 1931 Feb. 19 1930 (In 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 reserve bank c r e d i t TOTAL RESERVE BANK CREDIT Monetary gold s t o c k Treasury currency a d j u s t e d 200 94 600 11 905 4,661 1,778 4,560 Money in c i r c u l a t i o n 2,380 Member bank r e s e r v e balances 4o4 Unexpended c a p i t a l funds.nonmember d e p o s i t s , e t c . — + - + 22 6 10 2 — 24 10 4 + + 34 15 1 + - + - — + + + + - 177 187 119 19 264 330 20 37 65 16 Released f o r p u b l i c a t i o n Friday morning, Feb. 20, 1931', not e a r l i e r . B-251a • RESOURCES A1JD LIABILITIES OF THE TWELVE FEIMAL RESERVE BAIJKS COMBINED (In thousands of d o l l a r s ) Feb. 18,1931 Feb. 11.1931 Feb.19.1930 Gold with Federal r e s e r v e agents . . . . Gold redemption f u n d with U.S.Treasury . 1,713,729 ___34,46j 1,752,459 34,467 1,663,332 55,109 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.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 Total gold r e s e r v e s Reserves other than gold . 1,7US,256 1,JSo,926 1,718,44l 4S0, '+9 7 855.655 3,084,408 181 995 470,48 4 820,081 3,077,491 176,855 627,763 631,3l4 2,977,51% 199,412 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 discounted . . . . . . . . 3,266,403 3,254,346 76,649 3,176,930 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 199,823 93,995 222,189 87,739 376,943 281,057 196,215 78,971 324,488 ^<^574 - 80,906 192,121 336,593 609,620 - 69,770 200,532 210,313 480,615 l4,280 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. notes of other banks Uncollected items Bank premises All other resources TOTAL RESOURCES . . . , 3^311+92 5gg 15,332 513',09 7 58,'191 19]336 M^7s43 919,548 711 17,735 444,122 58,098 19,2%3 4,790,5^ 2 1,152,895 722 24,896 5 27,028 58,388 ^ 13,826 5,124,287 RESOURCES L I A B I L I T 82,298 69,602 66 , - 1 0 1 - 7 9 , 3 ^ 6 " ' ^ 204,930 133,'7£g& 14-2,7172,013 I E S ^ . . . 1 jIjlt-gf756 1,481,00b 1,656,161 . . . 2,379,736 2,364,686 28,913 5,306 18,445 2,315,411 48,987 8,226 18,297 ' Total d e p o s i t s . . Deferred a v a i l a b i l i t y items . . . . . . Capital p a i d in Surplus All other l i a b i l i t i e s TOTAL LIABILITIES 2,439,550 2,417,350 435,473 2,390,921 oil,818 171,591 276,936 l6,860 5,124,287 F. R. notes 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 p o s i t s Ratio of t o t a l r e s e r v e s to deposit and F. R. notes l i a b i l i t i e s combined . . 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 35,248 5,261 19,305 502,o28 169,265 . 274,636k-f 12,7^1 4,790 , 5 ^ ^ 84.0$ 83.5$ 7^.5f° 448,637 445,684 518,664 274,636 13,013 4,848,848 169,296 RESOURCES AID LIABILITIES OF THE FEDERAL RESERVE BANKS OH FEBRUARY IS, 1931 ( I n thousands of d o l l a r s ) Total Boston New York F h i l a . Cleve. Rich. Atlanta Chicago St.Louis RESOURCES S " T 3 i ^ R?1^ot^1U°11rely 6 6 n * ' 1,748,256 146,227 Gold settlement fund with F. R. Board 480,497 27,235 Gold and gold c e r t i f . h e l d "by "banks Total gold r e s e r v e s Reserves other than gold Total r e s e r v e s Non-reserve cash B i l l s discounted Secured "by U.S.Govt. o b l i g a t i o n s Other "bills discounted Total "bills discounted B i l l s bou^it 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 "bills Total U.S. Govt, s e c u r i t i e s Total "bills and s e c u r i t i e s Due from f o r e i g n "banks F. R. notes of other "banks Uncollected items Bank premises All o t h e r resources TOTAlt RESOURCES 1 ' 7 ™ i:to B-251b Minn. Kans.Cy. Dallas San Fran. Us,025 67,000 25,850 230,763 484 1,415 78,971 1,820 196, a5 15,353 324.488 29,381 599,°74 46,554 893,492 64,729 699 53 225 15,332 513,097 55,170 58,191 3,458 ISA 19.336 4,483 380,579 161,277 190,244 85,220 131.531 195.037 79,340 48,509 68,415 26,631 235.246 13,192 13.255 33,323 160,011 37,283 47,704 12,396 11,190 98,712 17,874 8,322 6,927 29,659 6.217 I3.I6O 538.014 27.545 69 103 5,764 7.9S2 102.569 11,839 855.655 36,876 3,084,408 210,338 1,078.604 226,105 307,051 103,380 150,703 396,318 109,053 63,048 94,767 181,995 15,926 49,846 11,660 13.112 11,465 9,501 24,693—12,101—6,042 8.751 3 266,403 226.264 1,128,450 237,765 320,163 114,845 160,204 421,011 121,154 69,090 103.518 - ~~~ 2.087 " 2,309 82,298 9,265 20,120 4,580 6,253 5,347 5,636 11,343 5,363 428^ 728 571 8,250 3,122 66,ie3r 3.644 14,109 8,454 12,361 1,459 3.526, 11,082 5,619 23.532 15.131 10,454 15.886 a,346 10,839 133.722 6,551 199,823\ 10,195 93,995 ) 7,980 781 37,641 23,585 22,815 17,345 a,917 19,089 32,606 2,857 8,335 2,1a 5,829 14,151 1,353 1,161 1,531 44,151 19,931 26,046 5,571 106,599 29,280 31,152 10,159 183,928 50,564 58,359 17,261 33,178 8,741 4,287 3,954 11,810 2,685 4,276 \o 46,813 298,228 8.584 10.314 55,397 308,542 3,660 6,335 163 12,812 5,687 4,069 5,850 16,881 2,383 6.485 Ijoo 679 10,380 692 5,351 235 22,191 6,473 19,450 4,305 21,144 13,222 9,253 11,316 12,584 19,623 22,033 11,734 10,237 3,197 38,509 7,737 81,844 24,151 26,338 34.028 29,437 39,473 62,839 254,175 77,006 89,509 36,727 35,483 115,084 37.179 32,977 50,114 37,670 48 21 20 16 25 28 25 95 2 as 69 71 1,500 352 831 922 577 4,466 156 1,094 1,669 1,147 2,393 28,520 19,977 26,741 9,023 22,281 38,283 15,167 62,715 l4i,lio 44,990 49,120 3,803 1,830 4,621 15,240 2,614 7,065 3,365 2,573 8,061 3,635 1,926 487 854 365 531 6 -Q70 306 1,172 1.187 4,033 1,269 1,973 4,848,848 359,353 1,570,759 367,W 474,44? 201,451 224,26s 6a,971 192,532 116,449 189,25s 119,761 411,113 L I A B I L I T I E S RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BASKS OH FEBRUARY 18, 1931 (In thousands of d o l l a r s ) B-251C Total Boston Hew York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1,449,756 123,435 261,572 136,686 180,095 82,539130,457147,002 78,920 48,319 &O,347 26,854 167,480 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 2,379,736 Government deposits 35,248 Foreign "bank 5,26l Other deposits 19,305 Total deposits 2,439,550 Deferred a v a i l a b i l i t y items 502,628 Capital paid in 169,265 Surplus 274,636 All other l i a b i l i t i e s 13,013 TOTAL LIABILITIES 4,848,848 Reserve r a t i o (per cent) 84.0 Contingent l i a b i l i t y on "bills p u r chased for f o r e i g n correspondents 448,637 144,419 1,006,920 141,997 196,51s 50,210 58,588 337,816 70,652 46 , 203 80,988 57,177 178,248 1,811 2,032 2,942 230 581 570 271 1,677 75 51 147,687 1,023,1.60 144,649 200,808 63,457 54,874 136,937 42,104 47,698 36,773 11,879 65,674 16,773 15,857 5,756 21,299 80,575 27,065 28,971 12,114 2,84l 1,018 7o2 209 1JSL 359,353 1,570,759 367,486 474,447 201,451 84.1 78.6 87.8 84.5 83-5 5,227 1,1401 9,612 1,760 979 1,953 1,105 1,037 167 391 201 132 173 777 24 5,756 172 421 253 393 592 60,340 351,685 72,225 4S,450 82,513 58,411 136,155 15,354 61,207 24,61b 8,612 27,006 20,543 26,899 4,253 4,343 l l , 4 6 l 5,270 20,062 4,876 3,056 10,857 39,936 10,562 7,144 3,702 8,936 13,475 643 669 432 858 2,079 1,333 1,990 1 2 K 4 i i , i i3 53 119,761 224,268 621,971 192,532 116,449 84.4 65.0 87.2 80.2 71.4 84.0 33,558 l4s,403 44,297 45,192 17,893 16,108 6 0 , ^ 5 15,660 10,291 12,976 13,423 30,426 Federal reserve n o t e s : Issued to F.R.bank by F.R.Agent 1,858,540 152,227 Held "by Federal reserve "bank 408,734 23,792 In actual c i r c u l a t i o n 1,449,756 123,435 Collate! 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 619,559 35,300 Gold fund - F. R. Board 1,094,230 109,617 E l i g i b l e paper 252,991 16,013 Total c o l l a t e r a l 1,966,780 160,930 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 199,823 93,995 324,488 12,500 2.77S 431 207 FEDERAL RESERVE NOTE STATEMENT 385,769 169,578 213,776 96,939 154,873 200,561 124,197 32,892 33,681 14,350 24,4l6 53,559 261,572 136,686 180,095 82,589 130,457 147,002 87,355 8,435 78,920 52,992 79,035 31,537 233,898 4,673 12,683 4,683 66,413 48,319 66,347 26,854 167,480 351,919 38,700 12,550 10,080 7,900 68,000 13,985 11,825 9,300 60,000 15,000 121.300 175,000 74,000 122,000 123,000 63,800 36,200 67,000 16,550 170,763 57,344 20,816 26,232 17,982 26,011 29,230 10,833 5,432 14,883 6,944 21,161 424,263 180,316 213,842 102,062 155,911 223,280 88,618 53,457 81,883 32,794 251,924 Within 15 days 123,265 24,352 1,124 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to l 6 to 30 days 31 to 60 days 6l to 90 days 6 months 8,820 28,841 18,283 17,575 10,215 25,642 350 33,436 22,000 122,567 Over 6 months 3,034 179,921
@FedFRASER