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STATEMENT FOE THE PRESS Released, f o r p u b l i c a t i o n Friday monring, July 31; not e a r l i e r . B-433 Federal Reserve Board July 30, 1931 CONDITION OF FEDERAL RESERVE BAMS The d a i l y average volume of Federal reserve bank c r e d i t outstanding during the week ending July 29, as reported by the Federal reserve banks, was $§38,000,OOQ a decrease of $15,000,000 compared with the preceding week and an increase of $4,000,000 compared with the corresponding week in 1930. On July 29 t o t a l reserve bank c r e d i t amounted to $945,000,000, an increase of $3,000,000 f o r the week. This increase corresponds with an increase of $41,000,000 in unexpended c a p i t a l funds, nonmember deposits, e t c . , o f f s e t in p a r t by decreases of $14,000,000 in money i n c i r c u l a t i o n and $17,000,000 in member bank reserve balances and increases of $2,000,000 i n monetary gold stock and $5,000,000 in Treasury currency, a d j u s t e d . Holdings of discounted b i l l s declined $11,000,000 a t the Federal Reserve Bank of San Francisco, and increased $4,000,000 a t New York, $2,000,000 each at Atlanta and Chicago and $1,000,000 a t a l l Federal reserve banks. The System's holdings of b i l l s bought in open market were p r a c t i c a l l y unchanged, while holdings of U. S. bonds increased $17,000,000 and holdings of Treasury notes and c e r t i f i c a t e s and b i l l s declined $3,000,000 and $14,000,000, respectively. Changes in the amount of reserve bank c r e d i t outstanding and in r e l a t e d items during the week and the year ending July 29, 1931» were as follows: Increase or decrease since July 29 1931 July 22 1931 July 30 1930 (In millions of d o l l a r s ) B i l l s discounted B i l l s bought United States s e c u r i t i e s Other reserve bank c r e d i t 183 67 67s 18 + 1 - 14 - 64 +102 + 2 - 5 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted 945 4,953 1,792 + 3 + 2 +5* + 18 Money in 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 funds,nonmember d e p o s i t s , e t c 4,780 2,415 495 -14* -17 +4i +384 +438 + 7 + 79 *July 22 f i g u r e s revised. Released f o r p u b l i c a t i o n Friday morning, July 31, 1931? %ot e a r l i e r B-433& RESOURCES AHD LIABILITIES OF THE TWELVE FEDERAL RESERVE 3ABCS COM3 IKED (In thousands of d o l l a r s ) J u l y 29. 1931 July 22. 1931 J u l y 36.1930 R E S O U R C E S Gold with Federal r e s e r v e agents Gold redemption fund with U.S.Treasury . , 2,058,539 29.931 2,003,339 29.084 1, 553, 2l4 36,8l4 Gold held exclusively a g a i n s t F . R . n o t e s . 2,088,522 2,032,423 1,590,028 Gold settlement fund with F. R. Board . . Gold and gold c e r t i f i c a t e s held "by banks . Total gold r e s e r v e s 4l0,496 944,536 3,443,554 463,011 928,913 3,424,34? 589> 700 825,254 3,004,982 Reserves other than gold Total r e s e r v e s 175.009 3,618,563 173,6o4 3,597,951 173,206 3,178,188 . . 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 79,086 78,899 68,210 71,883 Ill,153 78,204 103,398 66,676 130,425 183,036 181,602 197,101 66,536 67,033 20b,723 43,242 428.012 677,977 189,946 46,242 44l,813 678,001 130,762 , . 49,714 276,897 249,757 576,368 7,246 7,174 7,323 934,795 933,810 911,554 726 16,364 415,289 58,915 28,071 725 15,862 448,044 58,913 26,939 706 18,912 510,430 59,584 l4,037 5,151,809 5,l6l,l43 4,761,621 1,735,501 1,730,752 1,335,l4l 2,4l4,734 13,385 100,435 2'6.043 2,554,597 2,431,802 17,990 58,481 26,732 2,535,005 2,415,285 26,l46 6,434 21,006 2,468,871 Deferred a v a i l a b i l i t y items Capital paid i n Surplus All o t h e r l i a b i l i t i e s 405,755 167,442 274,636 13,878 440,440 166,796 274,636 13»5l4 495,807 169,7l6 276,936 15,150 TOTAL LIABILITIES 5,151,809 5,l6l,l43 4,761,621 . . 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 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 o t h e r banks Uncollected items Bank premises All o t h e r resources TOTAL RESOURCES L I A B I L I T I E S 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 deposits Total 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. note 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 84.3/? 84.3$ 83.5? 253,578 298,111 478,027 RESOURCES 11® LIABILITIES OF THE FEDERAL RESERVE BAMS ON JULY 29 1931 (In thousands of d o l l a r s ) B-433"b l o t a l Boston New York P h i l a . CI eve. Rich. Atlanta Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,058,539 159,91? 456,919 170,000 212,550 58,570 110,200 466,900 74,930 49,9^) 61,000 21,850 215,763 ^edemp-L-n fund with U.S.Treasury 29,983 l,0l4 12,724 1,778 2,290 995 1,077 3,871 1,467 643 1,208 1,038 ltSfj Gold held exclusively a g a i n s t F. R. n o t e s 2,088,522 l60,931 469,643 171,778 214,840 59,565 111,277 470,771 76,397 50,583 62,208 22,888 217,64l Gold settlement fund w i t h F . R . Board 410,496 21,701 138,021 49,810 43,710 11,650 7,608 50,840 10,728 12,586 17,749 11,343 34,750 uold and gold c e r t i f . held by tanks 944,53 6 3 5,238 630,059 28,535 64,880 5,495 9,288 100,635 9,583 4,542 10,8q4 4,473 40,974 RESOURCES Total gold reserves Reserves o t h e r than gold Total reserves 3,443,554 217,870 1,237,753 250,123 323,430 175,009 13,408 56,938 9,328 25,537 ;:;g 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 b i l l s and s e c u r i t i e s Ihiefrom f o r e i g n tanks eEE" TOTAL RESOURCES 15,355 3,618,563 231,278 1,294,691 257,737 338*785 79,086 Total b i l l s aiscoifflted 7,6l4 153,036 9,376 66,536 4,845 677,977 53,162 7,246 300 934,795 726 67,683 52 3,478 3,985 ,;:g 26,545 23,502 76,710 122,173 622,246 ll.UOl 7,774 96,70s 67,711 90,761 38,704 293,365 23,875 10,076 88,111 135,94? 646,121 106,784 4,021 a 5,752 , , a 4,072 7,818 71,733 98,579 1,799 8,60? 8,071 47,311 301,436 9,202 5,104 1,719 3,995 4,666 a a , s „.g %-z 17,055 16,262 17,785 16,008 13,636 9,724 4,667 10,34o 12,241 29,097 3."06 6,071 6,689 1,738 1,083 1,682 5,16s 2,216 7,770 2.366 Si m ,ifi gg ;g 11 is *g ::-i :s a 169,535 54,473 72,085 31,558 3,240 560 223,122 75,494 257 69 400 220 22,302 95,332 30,476 27,816 39,077 30,130 52,031 210 530 94,818 51,779 45,209 117,268 71 28 25 94 200 2?6 42,138 33,842 25 l6 780 l60 370 52,563 44,213 86,666 20 21 43 II '1 ill i i i 1 j g j *g #; 5,151,809 365,123 1,687,075 378,o4i 489,196 181,380 204,145 834,956 178,076 118,835 181,058 110,892 423,032 L I A B I L I T I E S RESOURCES Mi) LiAb^LiTIES Ui1 1'iiisj PZUjiiHAL RESERVE BAltiKS ON JU1Y 29, 1931 (In thousands of d o l l a r s ) T o t a l Boston New York P h i l a . CIeve. R i c h . A t l a n t a Chicago S t . L o u i s F.R.notes in actual circulation 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 2,4i4,734 137,436 1,070,036 144,630 188,147 624 13,385 1,171 374 , , 517 100,435 46,941 8,052 7,893 5,979 10,408 26,043 105 6,634 75 T otal 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 2,554,597 143,894 1,127,902 105,694 405,755 51,734 167,442 11,836 64,358 274,636 21,299 80,575 13,878 192 3,980 1,735,501 136,168 304,566 145,693 198,885 153,222 35,188 16,735 27,065 138 67,016 114,553 382,424 60,113 2,764 3,189 91 2O4,OO4 66,157 4o,707 29,678 15,696 5,670 28,971 12,114 745 933 71,729 49,094 63,063 26,790 175,520 56,584 328,361 67,394 1,619 1,766 753 2,870 10,763 2,790 236 829 93 48,667 789 1,833 197 80,189 840 2,312 60 53,485 179,692 886 1,282 5,421 2,392 36 7,279 61,166 10,329 5,182 10,857 2,058 51,486 83,401 21,274 4,219 8,702 399 57,195 193,278 12,890 23,732 4,216 l l , 4 i 6 8,936 18,475 611 865 341,719 48,64i 20,318 39,936 1,918 TOTAL LIABILITIES 5,151,809 365,123 1,687,075 378,o4i 489,196 181,380 204,1U5 834,956 Reserve r a t i o (per cent) 84.3 82.6 90.4 86.2 84.1 66.2 77.4 89.2 Contingent l i a b i l i t y on "bills purchased f o r f o r e i g n correspondents 253,578 20,081 73,916 26,508 27,043 10,710 9,639 36,147 FEDERAL RESERVE NOTE STATEMENT Federal r e s e r v e notes: Issued to F.R.bank "by F.R.agent 2 , 1 8 1 , 2 3 5 163,236 460,625 179,098 226,518 75,117 131,229 473,475 Held by Federal reserve bank 445,73% 27,068 156,059 33,405 27,633 8,101 16,676 91,051 In actual c i r c u l a t i o n 1,735,501 C o l l a t e r a l held by agent as s e c u r i t y f o r n o t e s issued to bank Gold and gold c e r t i f i c a t e s 612,709 Gold fund - F. R. Board i;445,S30 E l i g i b l e paper 204,222 Total c o l l a t e r a l B i l l s discounted B i l l s bought i n opon market C e r t i f i c a t e s and b i l l s Municipal warrants 183,036 66,536 428,012 146 7,367 2,988 7,144 756 178,076 118,835 181,058 110,892 423,032 74.7 71.4 67.3 81.7 56.3 9,371 6,158 7,765 8,033 18,207 8 4 , 6 i o 54,469 67,767 33,641 231,450 12,881 5,375 4,704 6,251 55,930 304,566 145,693 198,885 35,300 124,617 14,163 351,919 38,700 12,550 10,070 10,900 73,900 15,330 6,740 7,300 50,000 105,000 131,300 200,000 48,500 99,300 393,000 59,600 43,200 61,000 14,550 165,763 29,892 l 4 , 6 2 6 18,849 18,427 21,382 16,289 9,703 4,829 11,392 12,768 31,902 486,811 184,626 231,399 Within 15 days 110,015 21,782 12,850 99 67,016 114,553 352,424 71,173 18,521 4,808 10,562 1,283 136,168 2,262,761 174,080 Total Minn. E a n s . C f . D a l l a s San F r a n . 71,729 49,094 63,063 26,790 175,520 76,997 131,582 483,189 84,633 54,769 72,392 34,618 247,665 MATURITY DISTRIBUTION OF BILLS AND SEORT TERM SECURITIES 91 days to 16 to 30 days 31 60 days 6l to 90 days 6 months 12,874 13*160 23,942 22,559 7,821 4,303 32,532 98 25,700 29,700 103,595 136,374 42 5 Over 6 months 486 119,793
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