The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STAIEH31H! FOR TE3 PRESS 3-407 F e d e r a l Reserve Board J u l y 9. 1931 Released f o r p u b l i c a t i o n F r i d a y morning, J u l y 10; not e a r l i e r . C0H3ITI01* OF FEDERAL RESERVE BAI-HCS Tlie d a i l y average 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 ending J u l y 8, as 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 $971,000 ,000, an i n c r e a s e of $17,000,000 compared w i t h t h e p r e c e d i n g week ai*1 a doorcase of $104,000,000 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 J u l y 3 t o t a l r e s e r v e bank c r e d i t amounted t o $9^0,000,000, an i n c r e a s e of $10,000,000 f o r t h e week. This i n c r e a s e corresponds w i t h an i n c r e a s e of $51,000,000 i n member bank r e s e r v e b a l a n c e s , o f f s e t i n p a r t by i n c r e a s e s of $8,000,000 i n monetary gold s t o c k and $28,000,000 i n Treasury c u r r e n c y , a d j u s t e d , and a d e c r e a s e of $6,000,000 i n money i n c i r c u l a t i o n . Holdings of d i s c o u n t e d b i l l s d e c l i n e d $3,000,000 a t t h e F e d e r a l Reseive Bank of Boston, end i n c r e a s e d $19,000,000 a t San F r a n c i s c o and $12,000,000 a t a l l F e d e r a l r e s e r v o b a n k s . 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 $11,000,000, of U. S. bonds $5,000,000 and of Treasury n o t e s $9,000,000, w h i l e 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 $19,000,000. 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 d u r i n g t ie week and t h e year ending J u l y 8, 1931. were a s f o l l o w s : I n c r e a s e or decrease since July 8 July 1 July 9 1931 1931. -1220( 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 162 92 668 38 +12 - 11 + 5 + 5 + + 74 57 77 2 TOTAL RESERVE BAuK CREDIT Monetary gold stock Treasury c u r r e n c y a d j u s t e d 960 a 4,962-"' 1,794 +10 + 8 +28 - 52 +426 + 13 Money i n c i r c u l a t i o n Member bank r e s e r v e "balances Unexpended c a p i t a l f u n d s , nonmemo or d e p o s i t s , e t c 4,834< ^ 2,44o 442 - 6 + 51 + l +346 + 23 + 18 Released f o r p u b l i c a t i o n Friday morning, J u l y 10, 1 9 3 1 n o t e a r l i e r . 5-407a RESOURCES AMD LIABILITIES OF THE TE3L7E FEDERAL RESERVE BAMS C013D3D ( i n thousands of d o l l a r s ) J u l y 8, 1931 J u l y 1. 1931 J u l y 9. 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 redemption fund w i t h U.S.Treasury . 1,964,764 29,bl6 1,933,564 30,167 1,597,51*+ 36,675 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 fund 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. 1,994,380 489,921 943, 604 1,963,731 514,492 933,818 1,634,189 569,123 814,819 Total cold reserves 3,427,905 3.4l2,04l 3,018,131 Reserves o t h e r than gold Total reserves i64f04? 3,591,947 167.257 3,579,298 159,635 3,177,766 68,713 65,011 67,962 59,787 102,599 46,395 103,805 90,952 145,363 162,386 150,200 236,315 91,788 103,341 148,945 183,393 51 y4g 43?' 81P 188,395 6o,74l 4l4,263 46,70# 233,534 310,338 667,953 663,399 590,580 9,975 10,601 7,301 932,102 927,541 983,l4l 3,726 14,201 498,736 58,834 25,999 1,426 14,942 533,070 58,783 26,425 704 20,017 596,535 59,561 12,257 5,194,25s 5,206,496 4,917,943 1,736,922 1,738,396 l,4o6,600 2,439,578 l6,060 39,875 31,833 2,389,211 4l,182 35,625 34,830 2,417,306 30,105 5,666 28,036 2,527,346 2,500,848 2,481,113 474,368 167,979 274,636 13,007 511,815 168,170 274,636 12,631 568,542 169,554 276,936 15,198 5,194,258 5,206,496 4,917,943 RESOURCES 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 . T o t a l "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 : 5or ds Treasury n o t e s C e r t i f i c a t e s and "bills 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 Total b i l l s cad s e c u r i t i e s . . Dae from f o r e i g n "banks F. R. n o t e s of o t h e r b.:nks Uncollected items Ban!.- p r o m i s e s All o t h e r r o s o u r c e s TOTAL RESOURCES L I A B I L I T I E S 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 hank Other d e p o s i t s Total deposits Deferred a v a i l a b i l i t y i t e m s Capital paid in Surplus All other l i a b i l i t i e s TOTAL LIABILITIES Ratio of t o t a l r e s e r v e s to deposit and F. R. n o t e l i a b i l i t i e s combined . . . . 84.2% 84.4% 81.7% Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 302,020 335,334 477,930 Digitized for W.FRASER RESOURCES RESOURCES AH) LIABILITIES OF THE FEDERAL RESERVE BANKS JULY 8, 1931 ( i n thousands of d o l l a r s ) Total Boston Gold s e t t l e m e n t fund w i t h F . R . Board Gold and g o l d c e r t i f . h e l d "by hanks Total gold reserves Reserves o t h e r than gold Total reserves Eon-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 t 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 n o t e s 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 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 Due from f o r e i g n "banks F . R. n o t e s of other "banks Uncollected items Bonk premises All other resources TOTAL RESOURCES Phila. Cleve. R i c h . A t l a n t a Chicago St . L o u i s Minn. Kans.Cy. D a l l a s San F r a n . 396,919 160,000 207,550 2,346 12,845 847 60,570 l l 6 , 6 0 0 451,900 1,131 1,050 3,916 72,730 1,483 49,465 652 61,000 1,319 22,350 215,763 1,054 1,915 409,764 160,847 209,896 61,620 117,731 455,816 74,213 50,117 62,319 23,404 217,678 l4o,210 638,325 13,276 5,274 17,595 10,721 13,712 4,549 16,280 9,680 11,320 3,445 3 , 4 2 7 , 9 0 5 227,846 1,188,299 251,297 326,082 164,042 12,015 54,747 6,919 15,428 80,170 133,688 624,278 102,529 8,144- 20,548 8,988 11,222 68,378 3,181 88,279 7,371 38,169 298,890 7,154 8,325 3,591,947 239,861 1,243,046 258,216 341,510 2,904 68,713 8,273 3,613 19,305 91,392 141,832 644,826 111,517 4,896 8,718 3,785 5,313 71,559 2,089 95,650 1,784 46,494 306,044 4,643 3,390 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 1 , 9 6 4 , 7 6 4 149,917 Sold redemption fund w i t h U.S.Treasury 2 9 , 6 l 6 1,058 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 Few York B-407h 1,994,380 150,975 489,921 943,604 42,873 33,998 61,405 29,045 50,290 65,896 7,863 8,094 75,372 93,090 39,725 41,487 59,787 182,599 162,386 3,246 5,113 8,359 l4,698 11,643 26,341 4,853 10,348 15,201 6,772 8,948 15,720 1,463 15,282 16,745 434 10,365 11,299 3,276 6,957 10,233 2,213 5,031 7,244 419 '3,760 4,179 822 8,684 9,506 268 9,852 10,120 21,323 6,116 91,788 6,632 25,387 2,922 8,839 3,481 9,621 9,426 4,917 2,878 5,603 4,136 7,946 183,393 11,262 51,748 1,945 432,812 38,997 51,453 7,319 107,377 12,687 5,000 35,780 12,739 12,087 45,964 6,496 684 23,853 3,705 4,ooo 13,990 37,155 2,630 53,815 6,174 4,220 19,409 11,420 785 15.564 7,894 l,44o 29.016 14,733 829 16.668 667,953 52,204 166,149 53,467 70,790 31,033 21,695 93,600 29,803 27,769 38,350 32,230 435 4,985 750 535 245 230 735 225 300 855 180 500 932,102 67,630 222,862 72,340 95,884 51,504 42,845 113,994 42,189 35,126 54,314 46,666 86,748 3,726 14,201 498,73 6 -"58,834 25,999 3,257 3,396 130,725 15,240 11,044 69 253 44,163 2,6l4 1,052 71 1,186 45,281 7,429 1,877 28 1,124 37,287 3,583 1,398 25 850 13,640 2,573 3,266 94 1,984 63,230 8,061 2,229 25 1,304 21,527 3,635 1,137 16 534 10,299 1,926 854 20 1,206 28,937 3,803 645 21 4l4 16,735 1,831 906 48 1,667 28,781 4,621 896 9,975 52 283 58,131 3,458 695 27,439 7,675 10,809 32,379— 50,863 5,194,252 378,383 1 , 6 4 8 , 8 7 5 382,320 496,202 190,101 210,344 843,136 186,230 122,403 186,359 116,457 433,448 RESOURCES A L I A B I L I T I E S F . R . n o t e s iii 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 F o r e i g n bank Other deposits Total deposits D e f e r r e d a v a i l a b i l i t y items C a p i t a l p."id in Surplus All o t h e r l i a b i l i t i e s TOTAL LIABILITIES R e s e r v e 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 c o r r e s p o n d e n t s LIABILITIES 0 ? IP HE FEDERAL R£SEXTV3I s. i.::s OF JULI s , ( i n thousands of d o l l a r s ) Total Boston Few York P h i l a . CI e v e . 1,736,922 138,364 294,281 145,541 201,115 B-407c Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s Son Fran. 71,076 118,822 371,111 73,113 50,975 63,288 27,793 180,843 2,439,578 145,470 1,050,978 148,013 199,115 16,060 1,261 2,436 824 1,329 39,875 2,674 15,954 3,529 3,601 31,833 86 17,491 181 2,362 62,096 1,627 1,426 113 2,527,346 149,491 474,368 57,275 167,979 11,835 274,636 21,299 13,007 119 1,086,859 152,547 206,407 65,262 117,469 65,456 80,575 3,635 4o,354 16,734 27,065 79 43,133 15,692 28,571 884 35,233 5,690 12,114 726 5,194,258 378,383 1,648,875 382,320 496,202 190,101 84.2 83.3 90.0 86.6 83.8 67.0 302,020 22,943 96,761 30,284 30,896 12,236 57,352 338,449 1,529 2,483 1,283 4,813 124 3,574 70,363 936 1,248 273 48,739 1,148 820 24s 81,369 170 1,034 68 54,935 182,699 1,498 819 1,069 2,424 60 7,253 60,288 349,319 72,820 50,955 8 2 , 6 4 l 57,562 193,195 13,152 61,243 23,670 9 , 6 1 1 27,111 17,176 28,941 5,191 19,694 4,816 4,222 2,997 4,234 1 1 , 4 i s 10,857 39,936 10,562 7,144 8,702 8,936 18,475 2,034 1,333 1,249 721 395 756 576 210,344 843,136 186,230 122,403 186,359 116,457 433,44s 79.2 S9.5 76.4 70.2 65.5 54.5 81.8 11,012 41,296 10,707 7,03 6 8,871 55,458 4,483 50,975 68,396 5,108 63,288 34,423 226,699 6,630 45,856 27,793 180,843 9,177 20,801 1 Federal reserve notes: I s s u e d t o 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 a c t u a l c i r c u l a t i o n C o l l a t e r a l h e l d by agent as s e c u r i t y f o r n o t e s i s s u e d to b; nk Gold and gold c e r t i f i c a t e s Gold fund - F. R. Board E l i g i b l e paper Total c o l l a t e r a l FEDERAL RESERVE 1T0TS STAT3I.EM 2,132,684 161,615 395,762 23,251 428,683 171,159 227,637 133,802 25,61s 26,522 78,274 136,060 461,110 7,198 17 238 89,999 1,736,922 138,3O4 2 9 4 , 8 k ! 145,54l 201,115 71,076 118,822 371,111 83,170 10,057 73,113 612,334 1,352,430 216,206 351,919 36,700 12,550 45,000 121,300 195,000 3 4 , 9 0 8 13,728 21,555 10,070 10,900 73,900 50,500 105,700 378,000 18,775 19,775 15,211 13,930 58,800 10,671 6,765 42,700 6,272 61,000 13,962 8,300 50,000 14,050 165.763 13,193 33]224 431,827 173,728 229,105 79,345 136,375 4 6 ? , i l l S3,4oi MATURITY DISTRIBUTION OF BILLS AHD SHORT TEEM SECURITIES 55,737 74,962 35,543 248,987 2,180,970 164,849 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 35.30° ih'n? 14,932 162,386 91,788 432,812 75 Within 15 days 94,801 35,792 5,500 l 6 to 30 days 13,676 12,203 26,850 31 to 60 days 6 l to 90 days 19,437 14,683 55,125 75 18,857 28,996 96,171 91 days t o 6 months 15,171 114 137,573 Over 6 months 444 m,593
@FedFRASER