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STATElvZSNT FOR THE PRESS 2-379 Released, f o r p u b l i c a t i o n F r i d a y morning, J u n e 12; not e a r l i e r . F e d e r a l R e s e r v e Board J u n e 1 1 , 1931. CONDITION OF FEDERAL RESERVE BANKS 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 June 1 0 , 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 $ 9 3 4 , 0 0 0 , 0 0 0 , an i n c r e a s e of $ 1 0 , 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 a d e c r e a s e of $ 6 0 , 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 u n e 10 t o t a l r e s e r v e bank c r e d i t amounted t o $ 9 2 9 , 0 0 0 , 0 0 0 , a d e c r e a s e of $ 9 , 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 i n c r e a s e s of $ 1 0 , 0 0 0 , 0 0 0 i n monetary g o l d s t o c k a n d $ 5 2 , 0 0 0 , 0 0 0 i n T r e a s u r y 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 $ 8 , 0 0 0 , 0 0 0 i n unexpended c a p i t a l , e t c . , o f f s e t i n p a r t by i n c r e a s e s of $ 5 1 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n and $ 9 , 0 0 0 , 0 0 0 i n member b a n k r e s e r v e b a l a n c e s . H o l d i n g s of d i s c o u n t e d b i l l s i n c r e a s e d $ 6 , 0 0 0 , 0 0 0 a t t h e F e d e r a l Reserve Bank of San F r a n c i s c o , $ 5 , 0 0 0 , 0 0 0 a t C h i c a g o , $ 4 , 0 0 0 , 0 0 0 a t C l e v e l a n d and $ 1 2 , 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 b a n k s . The S y s t e m ' s h o l d i n g s of b i l l s b o u g h t i n open market d e c l i n e d $ 7 , 0 0 0 , 0 0 0 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 , w h i l e h o l d i n g s of U n i t e d S t a t e s b o n d s i n c r e a s e d $ 3 , 0 0 0 , 0 0 0 . Changes i n t h e amount of r e s e r v e b a n k c r e d i t o u t s t a n d i n g a n d i n r e l a t e d i t e m s d u r i n g t h e week and t h e y e a r e n d i n g June 1 0 , 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 June 10, 1931 J u n e 3. 1931 June 11, 1930 ( i n m i l l i o n s of d o l l a r s 185 127 599 IS + + - 12 7 1 15 - 25 TOTAL RESERVE BANK CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 929 4,803 1.799 - 9 - 45 + 52 + 277 + 13 Money i n c i r c u l a t i o n Member b a n k r e s e r v e b a l a n c e s Unexpended c a p i t a l f u n d s . n o n a c r n b e r d e p o s i t s , e t c 4,723 2,393 409 + 51 + 264 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 b a n k c r e d i t c + 10 + 9 8 - 21 + 20 - 11 - 9 Released for publication Friday morning, June 12,1931; not earlier. B~379a RESOURCES MD LIABILITIES OF THE TWELVE FEDERAL RESERVE BA1TKS COMBIIED (in thousands of dollars) June 10.1931 June 3.1931 June 11.1930 RESOURCES Gold with Federal reserve agents Gold redemption fund with U.S.Treasury . . Gold held exclusively against F.R.notes Gold settlement fund with F. R. Board . . Gold and gold certificates held by banks Total gold reserves Reserves other than gold Total reserves Hon-reserve cash • Bills discounted: Sec. by U.S. Government obligations . . Other bills discounted Total bills discounted * Bills bought in open market L u n L ? o s e L d 1,883,674 33.Il4 1,916,788 492,820 867,395 3.277,003 167,599 3,444,602 74,673 77*098 107,657 184,755 127,217 1,778,164 32,614 1,810,778 585,115 863,217 3,259,110 l67>948 3,427,058 67,930 . 67,140 105,686 172,826 134,155 1,626,21'j 37,33b 1,653,550 593,097 —517,8 'o 3,079*496 —164,70S 3,2-X,204 06,3^4 , , 77.118 73,715 52.001 m1I= : : : : : : : : : Total U.S. Government securities . Other securities Total bills and securities . . . . i E = l TOTAL RESOURCES _l^,o22 210,48t 148,172 ^ : % o 599,024 1,687 912,683 598,348 1*^87 907.016 578,707 3,859, 943,213 M M Jl 4,995,801 *5.044,674 '1,951,302 1,641,949 1,583.574 1,999 2,397.856 2, LIABILITIES F.R.notes in actual circulation . . . . . Member bank - reserve account ::::::::::::: Other d e p o s i t s Total deposits . . . . . . . . Deferred availability items . . . w . All other liabilities f 21,1^9 30»37% 2,4^0,Oil 453,037 *2,483t938 ^¥1'}}* m 17,79% l6.9$l TOTAL LIABILITIES 4,995,801 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 84.4# Contingent liability on bills purchased for foreign correspondents 370.185 ^8f^'''%n'non *5,044,674 : ,,v X 2,463,197 iln'ccc ^ ?• •• 4,951,202 j? S^.pb 375,331 •Revised figures. . S^.Ojo .K RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BANKS OH JUME 10, 1931 ( I n t h o u s a n d s of d o l l a r s ) T o t a l B o s t o n Maw 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 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 1,883,674 149,917 386,919 160,000 1 9 7 , 5 5 0 6 l , 5 7 0 123,600 401,900 6b,230 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 3 3 . I l 4 1,136 13,092 1,004 2,460 1,265 1,210 3,958 1.505 B-379^ Minn. Xans.Cy. D a l l a s San F r a n . 44,090 53,000 21,135 210,7o3 663 1»339 1 >Q?° •—2_ 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 . B o a r d Gold and g o l d c e r t i f . h e l d by b a n k s 44,753 l4,044 5,19° 59,;39 20,227 10,6o2 2 2 , 1 9 3 215,187 l 4 , 1 2 2 20,446 2 , 3 4 9 42,231 107,517 63,987 90,248 3 8 , 6 6 4 277,864 —22 67,866 96,710 4 7 , 1 5 4 286,408 3,64o 4,930 R E S O U R C E S 1,916,788 151,053 i6i,oo4 200,010 49,137 66,171 62,835 124,310 405,258 9.1^9 8,292 93,073 5,831 8,529 79,5oO T o t a l gold r e s e r v e s Reserves other than gold 3 , 2 7 7 , 0 0 3 215,249 1 , 1 1 7 , 7 9 0 252,409 315.318 167,599 1 2 , 2 4 5 58,5^"3 7 ,263 l b , 2 2 9 77,835 l 4 l , 5 3 i 578,491 10,571 2,022 1 8 , 1 7 3 Total reserves Non-reserve cash 3 , 4 4 4 , 6 0 2 227.4g4 1 , 1 7 6 , 3 3 3 74,673 8,027 23,566 Secured 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 b i l l s discounted B i l l s b o u g h t i n open rrarket sSZT 3,711 331,547 3,718 88,706 149,659 4,560 5,300 8,872 596,664 1 1 6 , 3 8 9 8,287 5,139 3,^79 1,847 1,94s 17,019 11,982 7,75% 12,014 8,94-3 8,587 4,978 14,057 534 11,927 7,034 9,76q 1,788 5,064 376 3,5^3 9^0 10,1^5 24s 9,4% 23,943 184,755 127,217 9,46i 15,286 29,001 31,788 19,768 17,530 l4,l6 7 19,035 4,580 I2,46l 9,207 16,850 6,852 3,959 17,194 7,435 5,646 11,105 7, °36 4,854 9,118 912,683 , 259,672 26,039 11,743 3,471 5,990 1,687 . 65,057 26,348 69,735 77,098 107,657 599$024 Other s e c u r i t i e s TOTAL RESOURCES 29,950 34.246 11 & Total U.S.Govt, s e c u r i t i e s T o t a l b i l l s and s e c u r i t i e s Due f r o m f o r e i g n "banks F. R. n o t e s of o t h e r "banks Uncollected items Bank p r e m i s e s All other resources 492,820 8o7.395 430,011 143,264 574,515 698 15,309 468,173 58,618 21,045 4,995,801 46,180 ~ 70,927 52 213 51>338 3,458 586 145*170 1,650 207,609 229 4,803 121,630 15,240 6,875 106 1111 : i .a 11 is 62,690 29,983 ~ ~ 2 69,227 9^,387 71 S98 43,875 7,319 1,95^ 53,598 28 1,105 36,389 3,537 1,283 4$,353 69 138 42,850 2,bl4 1,127 20,673 I 81,897 _Z 4 2 j 4 l 115,9^1 25 9^ 1,203 1*716 13,339 5°>775 2,573 b,06l 3,415 1,313 25,442 I 39,729 25 1,579 20,243 3,635 1,204 25,625 ^ 35,267 1 9,75& 1,92 819 0,0jb 9,694 29,039 i;i ::s n 33*7-0 29,239 4s,992 52,721 20 43,787 1,173 27,462 3,803 554 21 381 16,277 1,831 952 87,149 48 1,479 26,239 4,621 963 362,095 1,556,285 379,408 433,769 189,206 217,855 790,851 187,9^3 118,113 184,396 l i 4 , o 4 3 411,837 L I A B I L I T I E S P,P..notes i n a c t u a l c i r c u l a t i o n Dcp Member t 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 RESOURCES AND LIABILITIES OF THE EkiDERAL RESERVE BAHB OH JUHE' 10, 1931 ( i n t h o u s a n d s of d o l l a r s ) B-379c T o t a l B o s t o n New York P n i l a . 0 1 e v e . 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 . 1,641,949 134,781 271,144 1 4 6 , 6 6 9 1 9 3 , 9 0 5 7 2 , l 4 6 1 2 4 , 7 1 5 3 2 2 , 5 4 5 72,521 4 6 , 8 1 9 62,826 27,192 166,656 2,397,256 141,297 1,003,733 146,505 197,394 14,313 625 964 1,135 3.70S 2,46o 6,693 625 473 637 110 21,149 295 2,470 9,159 61,323 l,l6l 252 134 Total deposits 2 , 4 4 0 , 0 1 1 1 4 2 , 5 0 5 1,019,065 1 4 8 , 6 9 2 202,136 Deferred a v a i l a b i l i t y items n 4 , 5 0 3 39,693 4 i , 6 6 6 453,037 51,2'A Capital paid in 168,370 1 1 , 3 3 7 65,495 1 6 , 7 7 5 1 5 , 7 4 0 Surplus 274,636 21,299 3 0 , 5 7 5 27,065 28,971 All oth^r l i a b i l i t i e s 17,793 5,498 421 1,351 509 TOTAL LIABILITIES 4 , 9 9 5 , 8 0 1 3 6 2 , 0 9 5 1 , 5 5 6 , 2 3 5 3 7 9 , 4 0 3 483,769 82.0 Reserve r a t i o (per cent) 84.4 91.2 37-9 33.7 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 3 7 0 , 1 3 5 27,790 121,555 36,653 37,424 62,375 35,494 5,694 12,114 883 Federal reserve notes: I s s u e d t o F . R . b a n k by F.R.Agent H e l d 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 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 to 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. E. Board E l i g i b l e paper Total c o l l a t e r a l 189 , 206 65.7 75,065 1,131 221 277 50,l6Q 617 145 194 80,422 1,091 183 1 33 55,415 179,243 289 857 189 429 6l,530 350,113 76,744 1 3 , 3 3 0 56,082 21,931 4,318 5,194 19,330 10,357 3 9 , 9 3 6 10,562 1,367 2,179 2,295 217,355 790,851 187,943 38.7 80.3 78.0 51,125 9,H5 81,889 137,313 27,064 6 0 , 1 3 2 346,283 1,656 1,029 352 227 1,322 192 i4,S22 1 3 , 3 3 9 50,022 12,969 3,006 7,144 904 76 55,969 6,784 26,132 16,773 4, 224 4,273 11,434 3,702 3,936 13,475 623 060 900 118,113 134,396" 1 1 4 , 0 4 3 66.8 69.3 56.7 411,337 30.9 3,522 10,746 11,116 25,197 FSIERAL RESERVE NOTE STATEMENT 2,076,103 153,353 434,154 23,577 1,641,949 134,781 425,212 173,159 220,086 83,376 144,673 410,302 5 1 , 7 5 3 52,327 6 6 , 9 7 7 3 3 , 3 3 3 225,547 154,068 26,490 26,181 11,230 1 9 , 9 5 3 87,757 9,232 6,003 4,151 6 , 6 4 i 58,861 271,144 146,669 1 9 3 , 9 0 5 72,i46 1 2 4 , 7 1 5 3 2 2 , 5 4 5 72,521 46,819 62,826 27,192 166,686 6 1 2 , 3 9 4 35,300 1,271,230 114,617 301,972 24,633 2,185,646 174,605 33,,700 1 2 , 5 5 0 10,070 9,900 73,900 1 3 , 9 3 0 6,790 . 9,335 50,000 35,000 121,300 185,000 51,500 113,700 323,000 54,300 3 7 , 3 0 0 53,000 ii.soo 160,763 57,214 15,696 31,290 23,411 a,536 33,768 13,925 9,454 18,626 14,347 33,017 4 4 4 , 1 3 3 175,696 225,340 34,931 145,136 435,668 32,155 53,544 76,626 35,482 243,730 351,919 L1ATTRITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 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 Municipal warrants Total Within 15 days l b t o 30 d a y s 31 t o 60 days 184,755 116,071 52,076 19,617 16,426 39,003 39,300 21,433 30,927 51,350 127,217 459,679 37 o l t o 90 days 13,330 5,034 50,125 37 91 days t o 6 months 17,021 177 108,272 Over 6 months 474 201,015
@FedFRASER