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5TAT3I-CT FOR TUB PRESS neJ.eastiu. R e l e a s e d fj.ur o r jpjuu bu li i uc aait/iiou nu F r i d a y m o r n i n g , J a n . 23; not e a r l i e r , 3 F e d e r a l R e s e r v e Board J a n u a r y 22, 193 COFDITIOF OF FEDERAL RESERVE BA'TIIS 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 e n d i n g J a n u a r y 21, 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 $ 1 , 0 6 4 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 1 1 1 , 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 $ 2 2 9 , 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 J a n u a r y 21 t o t a l r e s e r v e bank c r e d i t amounted t o $ 1 , 0 2 0 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 9 1 , 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 d e c r e a s e s of $ 5 6 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n and $ 2 3 , 0 0 0 , 0 0 0 i n member^"bahk^reserve b a l a n c e s and i n c r e a s e s of $ 6 , 0 0 0 , 0 0 0 i n monetary g o l d s t o c k and ^ b , 0 0 0 , 0 0 0 i n Treasury currency. H o l d i n g s of d i s c o u n t e d b i l l s d e c r e a s e d $ 8 , 0 0 0 , 0 0 0 a t t h e x. e d e r a l R e s e i v e Bank of Few York, $ 3 , 0 0 0 , 0 0 0 a t Chicago and $ 1 3 , 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 banks d u r i n g t h e week. 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 $ 4 4 , 0 0 0 , 0 0 0 , of U. S. bonds and T r e a s u r y n o t e s $ 8 , 0 0 0 , 0 0 0 e a c h , 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 $ 2 , 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 J a n u a r y 21, 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 J a n . 21 1931 Jan. l 4 1931 J a n . 22 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 bank c r e d i t TOTAL RESERVE BAJTK CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 230 152 625 i4 1,020 4,631 1,787 ^,593 iioney i n c i r c u l a t i o n 2,441 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 . 4 o 4 c. - 13 44 19 13 - 91 + 6 + 6 - 56 - 23 - 203 - l46 rk l4s 47 - + + + + - 249 3^7 5 4l SI IS 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, J a n . 23,1931; n o t e a r l i e r . B-223a RESOURCES AFT LIABILITIES OF THE TWELVE FEDERAL R.^SWE BAIL'S COMBIFSD ( I n t h o u s a n d s of d o l l a r s ) J a n . 21.1931 ; J a n . 14.1931 Jan.22.1930 R E S O U R C E S 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 1,763,219 3 % 668 1,740,589 1,680,014 59,758 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 1,792,887 421,588 1,776,877 447,i4o 834,560 1,739,772 60S,940 626,503 Total gold r e s e r v e s R e s e r v e s o t h e r t h a n gold 3,074,14s 3,058,577 172,878 2,975,215 196,303 Total reserves Fon-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. 3,254,284 3,231,455 84,498 3,171,518 79,612 86,750 156,590 239,394 193,829 229,585 243,340 196,180 433,223 298,389 96,632 181,452 346,507 105,419 189,439 69,610 170,213 236,839 476,662 180,136 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 85,071 150,273 151,625 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 853,673 . . Due from f o r e i g n banks F. R. n o t e s of o t h e r banks Bank p r e m i s e s All other resources 650 1,006,751 712 26,194 507,312 53,034 19,032 349,459 644,317 5,550 76,35^ 14,530 1,089,387 1,222,804 708 26,015 568,311 57,924 20,403 725 30,679 629,637 58,213 12,231 5,202,161 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: t"ember bank - 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 1,517,843 1,552,702 1,739,241 2,440,730 2,463,596 32,202 5,75S 19,752 2,359,801 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 2,488,154 494,734 169,712 274,6)6 12,311 2,521,308 547,803 169,807 274,636 12,445 2,414,978 584,189 171,253 276,936 15,564 4,957,390 5,078,701 5,202,161 4,957,390 VJ1 O 0 M TOTAL RESOURCES 624,591 36,288 L I A B I L I T I E S TOTAL LIABILITIES 22,650 6,o4o 18,734 26,071 6,95s 22,148 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 . . 8 1 . 2$ 79-31° 76.3% 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 448,667 448,809 530,600 :: RESOURCES AKD LIABILITIES OF TKH! FEDERAL RESERVE BAMS Oil JAHJABY 21, 193 1 ( 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 Mew York P h i l a . C l e v e . R i c h . A t l a n t a Chicago S t . L o u i s ^ ^ R E S O U R C E S "n-$* r 1 notis 1USiVely a,,ainst 13 ^ 1,798,887 146,307 *?•% ^ ^s w ^ t:: m 57 irt^ B-c2ia Minn. Ha.ns.Cy. D a l l a s San F r a n 474,55s 161,402 125,335 84,587 135,224 167,05s 77,458 48,618 64,432 2»,b42 225,206 T o t a l g o i d reserves Reserves other than gold 3,074,148 205,828 1,123,731 226,364 293,010 104,860 155,055 360,995 103,196 65,901 95,Vl? 50,296 Total reserves ^ o n - r e s e r v e cash 3,254,284 B i l l s discounted: S e c u r e d by U . S . G o v t , 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 "bills 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 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 T o t a i b i l l s and s e c u r i t i e s lilF^ All other resources TOTAL RESOURCES 180.136 15.537 51.978. 221,365 1 , 1 7 5 , 7 0 9 85,071 H , l 4 6 21,086 79,612 3 , 1 0 4 c IRQ 7,831 J- ,' v l271 l J 229,885 10,935 151,625 11,506 1 1 , 6 6 2 — l l ^ f l l — 1 0 , 1 0 5 — 1 0 , 13.8—25,79*4—11,20c. 238,026 4,9.5° 3 0 4 , 4 8 1 114,965 165,193 3^6,789 4,564 6,846 4,840 4 , 4 8 5 11,000 ll4,4o4 8,905 4,708 6.499 1.608 516 5,201 0 229/93 »~rl4 JO,83J 103,833 2,214 2,187 56,4ol ; 0 0 , 2 0 1 3,474 8,02o 15.068 1,028 476 5,070 . 13,284 5,223 18,900 9 , 3 8 2 15,09s 23.867 16,390 1 1 . 4 9 1 42,767 25,772 28,589 38,600 3,568 16,939 3,634 17.955 21.449 11.822 21,589 21,965 22,727 11,207 4,185 16,096 5,546 18,507 6,239 9,092 28,503 5,94s 5,505 6,920 5,234 13,571 22,191 692 20,666 13,102 5,297 630 10,380 400 577 1,799 14,999 29 71R <-j, Il 50,977 33,554 L ,-129.197 '-rJl.J—J-L 1,353 19,640 29.571 1,162 25,673 11.524 1,531 5,446 10.284 220 4,257 1.219 9,H4 38,987 10,357 11,886 9,458 is,q4o 12,734 . 19,253 624,591 46,533 50,564 58,359 17,261 7,716 81,844 24,151 26,297 29,02s 29,437 39,473 100 213,928 550 69,074 295,845 79,904 103,887 45,089 32,773 133,074 4ijo6 35,937 52,044 40,217 71,551 96,632 181,452 7kg •y-tv, R07 ;v i 650 1,006,751 6,323 19,220 || 4 'il 4 4 4 4 4 4 i 4 4 4 19.012 110 4,957,390 359,655 6T4*53 170 1.015 1,008 4,356 1,029 3,0°^ ^2 d5 ^ 1,656,380 370,078 472,781 216,73s 235,610 604,863 192,066 121,312 190,221 121,980 415,706 L I A B I L I T I E S F.R.notes in actual circulation Deposits: Vember b 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 F o r e i g n bank Other d e p o s i t 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 Surplus All other l i a b i l i t i e s 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 RESOURCES AED LIABILITIES OF THE FEDERAL RESERVE BAHS OF JAHXAR7 '21, 1931 B-223c ( I n t h o u s a n d s of d o l l a r s ) 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 . T o t a l Boston Few. York P h i l a . C I e v e . 1,517,843 128,261 3 0 7 , 7 4 5 lUo.oUy 121,323 83,833 135,116 143,408 81,447 49,997 6 7 , 4 o i 29,281 164,984 2,440,730 142,557 1,061,784 142,431 193,517 62,967 22,650 1,27s 2,830 2,390 2,273 1 , 7 0 7 228 6,o4o 428 2,209 565 577 181 18,734 92 8,611 121 2,352 2,488,154 144,355 1,075,434 145,507 198,719 65,083 494,734 53,754 124,303 4O,553 4 6 , ^ 9 4 44,164 169,712 1 1 , 8 7 7 65,632 16,784 15,914 5,802 274,636 21,299 8 0 , 5 7 5 27,065 28,971 12,114 12,311 109 2,641 122 960 742 4 , 9 5 7 , 3 9 0 3 5 9 , 6 5 5 1,656,380 370,078 472,781 216,738 81.2 448,667 81.2 33,627 85.0 147,815 59,664 3 3 7 , 1 0 8 3,643 2,191 206 247 771 483 63,765 340,553 18,609 58,811 5 , 2 8 5 20,099 10,857 3 9 , 9 3 6 1,978 2,056 235,610 604,863 66,994 49,918 83,240 58,752 1 8 1 , 7 9 8 805 1,638 l,146 1,243 1,501 166 388 200 171 131 218 98 119 5,639 573 69,010 51,669 84,429 60,659 188,971 24,656 8,68b 2^,990 18,132 31,182 5,052 3,062 4,265 4 , 3 8 6 1 1 , 5 0 4 10,562 7,144 8,702 8 , 9 3 6 1 3 , 4 7 5 586 590 1,339 754 434 192,066 121,312 190,221 121,980 415,706 68.4 83.4 80.1 74.7 83.1 79-9 76.0 69.7 44,388 45,285 17,935 l6,l4l 60,529 15,693 10,312 13,002 65.O 84.8 13,451 30,489 FEDERAL RESERVE NOTE STATEMENT 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 2 , 0 3 1 , 9 0 1 160,439 H e l d by F e d e r a l r e s e r v e bank 514,058 32,178 In a c t u a l c i r c u l a t i o n 1,517,843 128,2bl 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 i s s u e d to bank: Gold and g o l d c e r t i f i c a t e s 625,539 35,300 Gold f u n d - F . R. Board 1 , 1 3 7 , 6 3 0 109,617 E l i g i b l e paper 336,319 19,742 Total c o l l a t e r a l 2 , 0 9 9 , 5 3 8 164,659 514,095 174,671 219,763 104,173 162,528 196,410 90,635 55,05s 79,459 34,639 239,981 206,350 34,624 38,440 1 5 , 3 4 0 27,412 53,002 9,238 5 , 0 6 1 12,058 5 , 3 5 8 7 4 , 9 9 7 307,745 140,047 181,323 88,833 135,116 143,408 81,447 49,997 67,401 29,281 164,984 14,300 50,000 395,729 3 8 , 7 0 0 12,550 5 , 1 5 0 7,900 40,000 14,085 1 1 , 8 2 5 65,000 121,300 170,000 78,000 125,650 123,000 61,800 36,000 63,000 1 3 , 5 5 0 1 7 0 , 7 6 3 65,039 23,085 41,871 26,361 29,721 46,280 15,207 8,359 21,802 9,46o 29,392 525,76s 183,085 224,421 109,511 163,271 209,280 91,092 5 6 , 1 8 4 84,802 3 7 , 3 1 0 250,155 MATURITY DISTRIBUTION OF BILLS ATD SHORT TERM SECURITIES Total B i l l s discounted B i l l s b o u g h t i n open market C e r t i f i c a t e s and b i l l s 229,885 151,625 346,507 W i t h i n 15 days 147,597 71,659 16 t o 30 days 31 t o 60 days 61 t o 90 days 19,316 29,716 20,414 27,266 26,107 21,502 29,926 3 \ ^ t h ^ Over 6 months 11,250 1,592 122,969 197,431 1,242
@FedFRASER