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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Saturday morning, J a n . 3? not e a r l i e r . S t . 6848 F e d e r a l Reserve Board J a n u a r y 2, 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 o u t s t a n d i n g d u r i n g the week ending December 31 , a,s r e p o r t e d by the F e d e r a l r e s e r v e banks, was $1,399,000,000, an i n c r e a s e of $61,000,000 compared with t h e p r e c e d i n g week and a decrease of $282,000,000 compared with t h e c o r r e s p o n d i n g week i n 1929, On December 31 t o t a l r e s e r v e bank c r e d i t amounted t o $1,373,000,000, a d e c r e a s e of $52,000,000 f o r the week. This d e c r e a s e c o r r e s p o n d s with d e c r e a s e s of $125,000,000 i n money i n c i r c u l a t i o n and $4,000,000 i n unexpended c a p i t a l f u n d s , e t c . , and i n c r e a s e s of $23,000,000 i n Treasury c u r r e n c y , and $4,000,000 i n monetary g o l d 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 $104,000,000 i n member bank r e s e r v e b a l a n c e s . Holdings of b i l l s d i s c o u n t e d d e c l i n e d $197,000,000 d u r i n g t h e week, t h e p r i n c i p a l changes b e i n g d e c r e a s e s of $80,000,000 a t the F e d e r a l Reserve Bank of New York, $39,000,000 a t San F r a n c i s c o , $16,000,000 a t Richmond/ $15,000,000 a t P h i l a d e l p h i a . The System'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 $104,000,000, of U. S. bonds $37,000,000, of Treasury n o t e s $33,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $18,000,000# Changes i n the 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 the week and t h e y e a r ending December 31» 1930, were as follows.: I n c r e a s e or decrease since Dec. 31, 1930 Dec. 24, 1930 Dec. 31, 1929 ( 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 BANK CREDIT Monetary g o l d s t o c k Treasury c u r r e n c y a d j u s t e d 729 29 1,373 4,593 1,798 Money i n c i r c u l a t i o n 4,889 Member bank r e s e r v e b a l a n c e s 2,471 Unexpended c a p i t a l funds.nonmember d e p o s i t s , e t c . 4o4 $ 3 251 364 + + 381 28 218 18 4 23 + + 209 310 20 12 ? 104 + + 116 5 4 24 19 Released f o r p u b l i c a t i o n Saturday morning, January 3 , 1 9 3 1 ; n o t e a r l i e r . S t . 6849a RESOURCES AND LIABILITIES OF THE i m V E Z3D3BAL RESERVE BASKS COMBINED ( i n thousands of d o l l a r s ) Dec. 31.1930 Dec. 24.1930 Dec. 31.1929 RESOURCES Gold with Federal r e s e r v e agents . . . . Gold redemption f u n d with U.S. Treasury 1,730,433^ 1,703,400 1,676,91s 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 with F. R. Board . Gold and ^old c e r t i f i c a t e s h e l d "by banks l,7b5,3$0 / 417,140^ 753,129 2,941,219 i4o,29s 1,738,850 437,581 745,636 1,750,205 511,243 595,603 115,499 2,857,051 153,877 3,081,517 3,037,566 59,750 3,010,928 89,4e3r-37 l 6 l , 9 i ? - 6/ 219,422 353,528 278,893 251,398 363,844 446,349 259,837 632,421 392,209 163,785 127,234 193,090 321,352 76,817 218,166 64i,676 6,533 510,587 1,356,395 703 570,952 1,547,517 7a Total £old r e s e r v e s Reserves o t h e r than gold Total reserves B i l l s discounted: Sec. by U.S.Government o b l i g a t i o n s Other b i l l s d i s c o u n t e d Total b i l l s d i s c o u n t e d . . . . B i l l s bought i n open market U. S. Government s e c u r i t i e s : " Bonds Treasury n o t e s . C e r t i f i c a t e s and b i l l s Total U.S.Government s e c u r i t i e s . Other s e c u r i t i e s Total b i l l s and s e c u r i t i e s . . Dae from f o r e i g n banks U n c o l l e c t e d items F. R. n o t e s of o t h e r banks . . . . . . . All other resources TOTAL RESOURCES 79,932 226,473 339,209 729,467 7,143 1,351,852 704 584,783 21,993 57,843 22,024 35,450 2,922,067 228,927 21,019 59,783 22,525 73,287 81,909 215,6o4 12,300 706,588 42,148 57,359 11,275 5,200,648 5,128,693 5,458,445 F. R. n o t e s i n a c t u a l c i r c u l a t i o n . . . . Deposits: Member bank - r e s e r v e account . . . . . Government . . . Foreign bank Other d e p o s i t s 1,663,53s 1,721,897 1,909,723 2,366,717 46,ISO 5,656 18,396 2,355,263 Total d e p o s i t s Deferred a v a i l a b i l i t y items Caoital paid in Sur plus All other l i a b i l i t i e s 2,517,133 2,436,949 503,448 170,314 276,936 19,149 2,413,675 5,128,693 5,458,445 L I A B I L I T I E S TOTAL LIABILITIES 2,470,583 18,819 5,761 21,970 564,007 169,64o 274,636 11,694 28,852 5,710 23,850 672,922 170,973 276,936 14,216 . . . . . . 5,200,64s R a t i o of t o t a l r e s e r v e s to d e p o s i t and F. R. n o t e l i a b i l i t i e s combined . . . . 73.7 fo • 73.0$ 69.6 £ Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n correspondents 439,288 432,327 547,962 RESOURCES Gold with Federal reserve amenta Gold redemption fund with afiai ^ = "St Total rold reserves Reserves other than gold Total reserves 3on-reserve cash RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAEKS ON DECEMBER 31, 1930 (In thousands of d o l l a r s ) S t . 6g4gb Total Boston Hew York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1,730,439 1 ^ , 9 1 7 420,729 160,000 185,550 83,150 1 29,900 173,000 74,885 ^ , 3 2 5 62,000 27,220 215,763 1.765.^151,409 434,761 161,553 188,463 76,479 49,127 63,44g 220.292 2,941,219 201,269 1 , 0 0 7 , 1 2 2 238,552 278,471 113,220 150,847 353,371 104,329 l 4 o , 2 9 8 10,096 39,879 8,874 8,096 6,904 8,578 21,591 9,303 3,081,517 211,365 1,047,001 247,426 286,567 120,124 159,425 375,462 113,632 79,932 6,473 22,285 5,1# 6,428 4,556 4,693^11,382 4,675 64,4ll 4,258 68,669 2,432 92,371 7,200 99,571 2,345 46,402 290,354 7A% 8,393 53,528 298,747 4,206 5.311 5:ir« SSi S & 1:8 'Si AS 2 * Total b i l l s discounted S i l l s hou^-t i n open market U. S. Government s e c u r i t i e s : CU11U8 Bonds Treasury notes C e r t i f i c a t e s and M i 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 Total "bills and s e c u r i t i e s T. B. notes of other bajto 251,398 363,844 13,238 25,315 61,898 158,273 25,663 3,496 37,216 25,931 22,766 10,936 163,785 226,473 339,209 729,^67 7>l43 1,351,852 3,877 17,959 28,089 49,925 850 89,328 89,226 58,332 135,774 283,332 2,850 506,353 3,289 3,6l4 22,510 29,303 28,405 30,003 54,204 62,925 6l0 1,000 83,973 127,072 2,010 4jl6 7,181 13,907 ~ 47,609 584,783 21,993 65,63s 337 183,283 7,173 51,Sol 350 38,1$ 2.266 . Z f i TOTAL RESOURCES 53.979 1,397 ^'967 1:3 tm TM 8: 744 3,598 5,893 9,590 15,042 CM #:%7 85,525 132,137 174,097 12,971 8.575 15,483 31,023 4 7 ? 10,891 17,59ft,11,913 18,069 22,804 15,755 52,370 4,962 6,339 403 3,173 1.298 13,744 U,30l 10,788 3,576 8,4ll 30,905 22,538 1,202 15,056 5,936 10,185 523 4,380 2,974 2,063 11,381 9,759 22,132 10,125 11,181 11,555 17,993 7,807 12,128 19,191 7,877 89,603 600 1,000 42,301 165,777 26,383 ~ 48,472 27,302 23j) 39,522 31,611 " 59,624 31,316 ~ 44,233 51,082 Z 97,588 12.846 1,685 a,517 1,056 10,366 805 31,675 1.795 17.362 487 29.® 2,306 4 i i 36,1OO 68,6^2 2,333 1 % X '\t ^ 5,200,648 376,727 1,790,181 391,515 483,337 216,941 228,101 632,857 196,820 124,264 199,078 122,218 438,609 L I A B I L I T I E S RESOURCES A2ID LIABILITIES OF THE FEDERAL RESERVE' BAMS OF DECEMBER 31, 1930 ( i n thousands of d o l l a r s ) St. 6s4gc T o t a l Boston Hew 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. Dallas San Fran. 1,663,532 132,035 334,976 153,727 194,94s 100,515 133,854 139,162 84,599 53,558 68,424 31,901 185,839 F.R.notes i a actual circulation De-posits: 2,470,583 150,936 1,062,276 142,539 186,377 Member t a n k - r e s e r v e a c c o u n t 82Q 18,819 4,113 1,344 2,24o Government d e p o s i t s 5,761 425 ' F o r e i g n "bank 1,903 558 575 21,970 65 Other d e p o s i t s 163 2,697 9,555 Total deposits 2,517,133 152,255 1,077,347 l44,6o4 191,889 D e f e r r e d a v a i l a b i l i t y items 564,007 59,167 178,877 49,256 50,765 169,64o 11,377 65,573 16,793 15,313 Capital paid in 274,636 21,299 Surplus 80,575 27,065 28,971 All other l i a b i l i t i e s 11,694 2,328 94 70 951 TOTAL LIABILITIES 5,200,648 376,727 1,790,181 391,515 483,337 Reserve r a t i o ( p e r c e n t ) 74.3 71.6 73.7 82.9 74.1 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 f o r e i g n c o r r e s p o n d e n t s 439,288 32,153 147,736 42,147 43,450 Federal reserve notes: I s s u e d to F.R.bank by F.R.Agent Held by F e d e r a l r e s e r v e bank In actual circulation 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 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 60,820 61,014-360,832 69>,521 48,447 87,705 57,533 182,583 444 1,211 2,590 1,089 1,280 1,597 673 1,409 24i 207 770 207 132 173 173 397 16s 479 960 534 139 *54 119 7,037 61,673 62,911 365,152 71,351 49,993 89,529 53,498 191,426 36,110 13,130 66,524 23,934 9,776 27,711 17,964 30,793 5,801 5,346 20,145 5,053 3,063 4,311 4,356 11,504 12,li4 10,357 39,936 10,562 7,144 8,702 8,936 18,475 723 2,003 1,938 1,321 725 4oi 563 572 216,941 228,101 632,857 196,820 124,264 199,078 122,218 438,609 74.1 81.0 74.5 72.9 66.3 63.0 59,2 79.2 13,249 15,642 53,224 15,642 9,994 13,035 13,035 29,981 FEDERAL RESERVE NOTE S T A T I S T 2,093,625 167,190 430,037 35,155 1,663,538 132,035 621,009 35,300 1,109,430 Il4,6l7 35,889/ ^507,783 ' 2,238,227 185,806 524,757 181,135 233,591 110,075 161,86$ 139,407 94,870 5S,7O4 82,446 38,510 251,074 5,146 14,022 6,609 65,235 ""53,55s 68,424 31,901 185,839 139,781 27,408 33,643 9,560 28,012 50,245 10,271 384,976 153,727 194,94s 100,515 133,854 139,162 84,599 20,550 5,150 7,500 30,000 14,085 11,325 25,000 121,300 165,000 73,000 122,400 143,000 60,800 36,500 395,729 38,700 17,170 45,000 62,000 10,050 170,763 146,054 22,444 55,346 32,077 32,483 VC-,-TOJ 70,281 20.427 10,554 J. C-O , / 7^'- 11,609 43.830 26,794 566,783 182,444 240,896 115,227 162,383 243,281 95,312 58,879 83,794 38,829 259,593 MATURITY DISTRIBUTION OF BILLS ArTD SHORT TERM SECURITIES Total 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 251,398 363,844 339,209 843 Within 15 days 175,501 219,272 2,425 185 l 6 t o 30 days 17,659 68,062 29 31 to 60 days 6 l to 90 days 26,966 19,459 47,2149 24,182 15 28,129 91 days to 6 months 10,634 1,132 103,929 63.4 Over 6 months 1,179 203,673
@FedFRASER