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STATEMENT FOR THE PRESS B-203 F e d e r a l Reserve Board J a n u a r y 8, 1931» Released f o r p u b l i c a t i o n Friday morning, J a n . 9; not e a r l i e r . CONDITION OF FEDERAL RESERVE BANKS Die d a i l y average volume the week ending January J , a s $1,355,000,000, a decrease of of $220,000,000 compared with 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 during r e p o r t e d by the Federal r e s e r v e banks, was $44,000,000 compared with the p r e c e d i n g week and the corresponding week i n 1930. On J a n u a r y 7 t o t a l r e s e r v e bank c r e d i t amounted to $1,24-8,000,000, a dec r e a s e of $125,000,000 f o r the week, This d e c r e a s e corresponds with d e c r e a s e s of $107,000,000 i n money i n c i r c u l a t i o n and $27,000,000 i n member bank^reserve balances and an i n c r e a s e of $9 >000,000 i n monetary gold s t o c k , o f f s e t ^in p a r t by a decrease of $14,000,000 i n Treasury currency and an i n c r e a s e of ip5,000,000 i n unexpended c a p i t a l f u n d s , e t c . Holdings of b i l l s d i s c o u n t e d i n c r e a s e d $4l,000,000 d u r i n g the week, tne p r i n c i p a l changes being i n c r e a s e s of $lb,000,000 a t tne F e d e r a l Reserve Bank of San F r a n c i s c o , $3,000,000 a t New York, $7,000,000 a t Chicago and $5,000,000 each a t A t l a n t a and Kansas C i t y . The System'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 $99,000,000, of U. S. bonds $4q,000,000 and of Treasury n o t e s $25,000,000, while h o l d i n g s of Treasury c e r t i f i c a t e s and b i l l s i n c r e a s e d $4,000,000. 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 during the week and the year ending January J , 1931> were a s f o l l o w s : I n c r e a s e or decrease since 1931 Dec. 31. 1930 Jan* 8, 1930 ( I n m i l l i o n s of d o l l a r s ) + 4l - 99 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 - + 70 2 1,243 4,602 1,724 125 4,782 Money i n c i r c u l a t i o n 2,444 Member bank r e s e r v e b a l a n c e s 4og Unexpended c a p i t a l funds,nonmember deposi t s , e t c - 107 - 27 TOTAL RESERVE BAMK CREDIT Monetary gold s t o c k Treasury c u r r e n c y a d j u s t e d + 5 - 276 - 54 + 174 - 17 - 172 + 325 + - 92 II Released, f o r p u b l i c a t i o n Friday morning, January 9,1931;not e a r l i e r . B-208a RESOURCES MD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAHS COMBINED * ( i n thousands of d o l l a r s ) J a n . 7,1951 Dec. 51,1950 J a n . 8. 1930 RESOURCES Gold with F e d e r a l r e s e r v e agents . . . . Gold redemption fund with U.S. Treasury 1,691,139 37,126 1,730,439 *35» 211 1,685,479 73.787 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 s e t t l e m e n t f u n d with F. R. Board . Gold and gold c e r t i f i c a t e s h e l d "by hanks 1,72.6,315 *1,765,650 483,560 *4l7 , 44o 75% ,129 1,7 59 , 266 534,305 635,776 Total gold r e s e r v e s Reserves o t h e r t h a n gold . . . . . . . . 2,993,516 153,832 2,941,219 l40,298 2,929,347 175,783 Total r e s e r v e s . . » i * 4 * » "Jon-reserve Cash B i l l s discounted: Sec. "by U*S.Government o b l i g a t i o n s i » Other "bills d i s c o u n t e d 3,147,342 81,652 3,081,517 79,932 3,105,130 85 , 232 115,501 17°»884 89,421 l 6 l ,977 319,217 Total "bills 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 "bills 292,385 265,456 251,398 363,844 567,615 319,167 114,982 201,369 342,550 163,785 226,473 339 , 209 180,624 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 . 658,901 b ,558 729,467 7 ,l43 484,842 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 o t h e r "banks U ncol l ec ted items . Bank premises All o t h e r r e s o u r c e s 1,223,300 712 25,468 521,013 57,845 20 ,890 1,351,852 704 21,993 584,783 57,843 22,024 1,384,324 724 41,334 5,078,228 5,200,643 5,320,282 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 1,624,898 1,663,538 1,836,854 2,443,859 24,689 5,779 25,390 2,470,583 IS,819 5,7^1 21,970 2,367,250 Total d e p o s i t s 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 2,499,717 496,9/0 2,422,2 598,980 274,o36 12,339 2,517,133 564,007 I09,64o 274,636 11,6g4 . . . 5,078,228 5,200,648 5 , 3 20 , 282 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 . . fS.Jifo 13-if0 440,326 439,288 TOTAL RESOURCES 781,64l 246,398 72,304 231,914 12,700 633,601 58,149 11.788 L I A B I L I T I E S TOTAL LIABILITIES 169,668 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 •Revised. 23,871 6,o48 25,130 170,367 276,936 14,846. 7 2 . 9 ? 527,816 RESOURCES 4 — 1 7 a ''aiaat RESOURCES MD LIABILITIES OF TEE F3ISHAL RES-&7E jiASKS Oil JA2JUAHY 7, 1931 ^ ( I n thousands of d o l l a r s ) s~205b Total Boston Hew York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. lS % S ^"2:8 1,723,315 lUi,3U3 751 3 :IS l o t H sold reserves r e s e r v e s ' o t t e r than g o l i 31 lsMioas £SE5-r;ef Total t i l l s discounted 3111s bought in~open~mrket BKR.™, Total U.S.Govt, s e c u r i t i e s Gther s e c u r i t i e s Total h i l l s pud s e c u r i t i e s other resources TOTAL RESOURCES Ub S:& ^g 1LliL!IBM 434,633 161,469 183,380 85,242 127,854 167,070 75.466 47,121 57,44o 27,015 215,277 %l:Wo 1 : # V & 1 ; : : 1 : ^ l l l l d p 64,24? 4,443 90,059 ^ . 3 9 ° 2ol,9b5 7_,o°g_. 11:1% I:% 3 , l 4 7 , 3 4 8 a 8 , 8 5 9 1,111,862 244,232 303,670 118,298 155,240 363,234 117,875 6S,bSg 81,652 7,421 24,432 4,000 6,342 4,723 4,993 10,55%- 4,809 2,o43 » 292,38) 265,456 ?:% 11,504 23,816 35;°i9 69,4^2 70,723 29,l4o 3,568 34,180 26,831 i:::l ft™ 24,281 10,006 22,710 16,078 30,019 47,649 ^ 11,091 10,0fa6 3.S 4,080 S,8b0 97,724 2,373 i!:g 19,t>4l 12,703 5b,Od4 2 9 1 , ^ 2 3,510 6,452 5,009 9,3=3 31,238 2,,793 1:1 si l;S 1:1 iS ?:S It &§ 11 S:S II 658,901 47,511 51,625 59,680 12,582 6,558 850 238,04l 1,223,300 83,681 381,106 84,983 121,691 46,869 25,46s2 ill 7 2,993,516 207,816 1,066,643 234,697 295,201 110,502 145,360 340,744 107,SoZ 153,832 11,043 45,219 9,535 8,46 9 7,79b 9,880 22,490 10,007 Total reserves 3 o n - r e s e r v e c?„s n 18 20,8; 0 a 26 2,850 9 M 7,272 650 l £ l6o 1,000 ^ m B 1,028 7,717 82,b03 24,801 2o,40o 2%,781 29,984 .46,505-161,271 45,958 39,55% 62,125 44,35b 105.201 ^ 1,027 4,575 1,000 ^ i , j 1,133 3,396 308 , | m536 M | 26l io | 4o,170 t * » i 600 761 5,078,223 370,840 1,684,5^9 384,126 491,199 214,932 231,5^3 607,273 201,269 123,331 200,137 12o,o20 442,409 RESOURCES M'D LIABILITIES OF THE FEIMau kJfcJHVB BASZS GIT JALIUART 7, ( I n thousands of d o l l a r s ) L I A B I L I T I E S P . E . n o t e s tn 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 d e p o s i t s Foreign "bank Other d e p o s i t s Total 1,624,898 Boston Hew York 2,081 428 157 3,603 127,006 24,689 5.779 25,390 2,499,717 Total d e p o s i t s D e f e r r e d a v a i l a b i l i t y items 496,970 169,66s Capital paid in 274,636 Surplus Ai_ o t h e r l i a b i l i t i e s 12,339 5,078,22s TOTAL LIABILITIES 76.3 Heserve r a t i o (per c e n t ) Contingent 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 44o,326 Phila. CIeve. 365,265 146,405 191,063 1,94s 12,037 2,668 565 110 2,513 577 5,005 B-208c Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. Dallas San Fran, 95,566 133,973 142,337 84,163 52,219 68,254 31,443 187,204 61,534 60,618 342,472 72,840 900 2,995 2,307 1,216 228 164 20b 249 771 543 154,000 1,045,459 149,835 206,831 64,921 63,380 345,002 56,511 11,877 21,299 147 1531 125,191 43,929 47,501 35,762 15,515 57,790 65,573 16,793 15,311 5,801 5,333 20,145 30,575 27,065 28,971 12,114 10,857 39,936 2,431 76s 1,935 2,063 99 1,022 86,321 58,898 442 3,315 l,6o4 166 200 131 171 388 100 6,119 193 150 558 74,498 51,517 90,000 60,773 193,001 25,657 8,644 28,411 20,447 31,612 5,052 3,065 4,310 4,399 11,504 10,562 7,144 8,702 8,936 18,475 46o 622 742 613 1,337 545 370,84o 1,684,549 384,126 491,199 214,932 231,543 607,273 201,269 123,331 200,137 126,620 442,409 32.4 78.8 77.9 76.3 66.2 61.S 74.5 60.8 73.7 78.5 74.3 76.7 33,010 144,996 43,573 44,454 17,605 15,345 59,4lS 15,405 10,123 12,764 13,204 29,929 FEDERAL RESERVE NOTE STATEHEHT Federal reserve notes: I s s u e d to F.R t bank by 3T.R.Agent 2,101,839 165,993 476,991 38,987 Held by Federal r e s e r v e bank In a c t u a l c i r c u l a t i o n 1,624,898 127,006 C o l l a t e r a l h e l d by agent a s s e c u r i t y f o r notes i s s u e d t o bank: 636,009 35,300 Gold and gold c e r t i f i c a t e s 1,055,180 104,617 Gold f u n d - F. R. Board 508,820 32,620 E l i g i b l e paper Total c o l l a t e r a l B i l l s discounted B i l l s boug&t 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 2,200,009 172,537 To t a l 292,385 265,456 342,550 858 522,437 180,378 233,433 108,973 162,4o4 203,556 93,069 57,190 81,218 36,971 256,267 157,172 33,973 42,370 13,407 28,431 61,219 8,906 4,971 12,964 5,52s 69,063 365,265 146,405 191,063 95,566 133,973 142,337 84,163 52,219 68,254 31,443 187,204 38,700 20,550 5,150 7,500 to,000 14,085 11,825 17,170 50,000 25,000 121,300 165,000 73,000 118,150 123,000 59,800 34,500 56,000 9,050 160,763 121,292 25,797 56,642 32,566 37,341 72,7^ 19,617 11,557 31,174 13,072 54,402 542,021 185,797 242,192 115,716 162,991 235,740 93,502 57,882 87,174 39,292 265,165 395,729 Within 15 days 203,724 l4l,7S5 169 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to l 6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months 21,889 31,4s 11,287 22,799 1,197 34,43 60,355 27,929 953 24,182 111,430 206,938 12 674 3
@FedFRASER