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STATBMEZE FOR THE PRESS Released, f o r p u b l i c a t i o n F r i d a y m o r n i n g , J u n e 2S; not e a r l i e r . B-395 F e d e r a l R e s e r v e Board J u n e 25, 1931. CONDITION OF FEDERAL RESERVE BASKS 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 b a n k 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 J u n e 24, as r e p o r t e d t$r the F e d e r a l r e s e r v e b a n k s , was $ 9 5 ^ , 0 0 0 , 0 0 0 , an i n c r e a s e of $ 1 5 , 0 0 0 , 0 0 0 compared w i t h t h e p r e c e d i n g we ok a n d a d e c r e a s e of -$15,000,000 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 n e §4 t o t a l r e s e r v e "bank c r e d i t amounted t o $ 9 ^ 0 , 0 0 0 , 0 0 0 , an i n c r e a s e of $ 5 3 , 0 0 0 , 0 0 0 f o r t h e week. T h i s i n 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 $ 5 5 , 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 a n d $ 1 2 , 0 0 0 , 0 0 0 i n unexpended c a p i t a l f u n d s , e t c . , a n d a d e c r e a s e of $ 1 0 , 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 , o f f s e t i n p a r t by a n i n c r e a s e of $ 2 2 , 0 0 0 , 0 0 0 i n monetary g o l d s t o c k and a d e c r e a s e of $ 2 3 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n . H o l d i n g s 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 , 0 0 0 , 0 0 0 a t t h e F e d e r a l R e s e r v e Bank of C l e v e l a n d and i n c r e a s e d $ 9 , 0 0 0 , 0 0 0 a t San F r a n c i s c o , $ 4 , 0 0 0 , 0 0 0 a t Richmond and $ 1 3 , 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 bought i n o p e n market d e c l i n e d $ 1 , 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. S. b o n d s i n c r e a s e d $ 2 0 , 0 0 0 , 0 0 0 and of Treasury notes $2,000,000. 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 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 J u n e 24, 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 J u n e 24 J u n e 17 J u n e 25 1931 1931 1930 ( 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 O t h e r r e s e r v e bank c r e d i t TOTAL RESERVE BAH CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 19S 106 619 38 960 4,915 1,734 Money i n c i r c u l a t i o n 4,733 Member b a n k r e s e r v e b a l a n c e s 2,457 Unexpended c a p i t a l funds,nonmcmber d e p o s i t s , e t c . 419 W. + — + + + + — + + 20 22 + + + 53 22 30 + 24 +382 - 32 23 56 12 +307 + 71 - 4 13 l 34 4 42 1 3 R e l e a s e d f o r p u b l i c a t i o n F r i d a y morning, June 26,1931*, n o t e a r l i e r . B-395a RESOURCES AKD LIABILITIES OF THE TWELVE FEDERAL RESERVE BASKS COMBINED ( I n thousands of d o l l a r s ) June 24,1931 June 17.1931 June 25,1930 R E S O U R C E S 1,903,284 30,166 1,908,344 1,600,214 36,812 1,933,450 475,278 973,861 1,941,010 466,969 947,310 3,382,589 175,059 3,355,289 170,985 1,637,026 601,691 820,457 3,059,174 172,637 3,557,648 74,422 3,526,274 71,114 3,231,-311 86,00b 111,672 76,323 109,065 84,887 146,618 Total b i l l s 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 notes C e r t i f i c a t e s and b i l l s 197,678 106,390 185,388 106,814 231,505 102,313 136,840 117,209 52, 233 429,562 55,911 219,436 301,623 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 F o r e i g n l o a n s on gold 618,503 8,063 16,700 599,004 9,248 576,970 5,250 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 b a n k s 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 947,334 2,699 17,464 446,117 58,782 22,702 900,454 699 15,467 570,441 58,730 22,692 916,035 709 22,773 570,390 59,552 . 11,331 5,127,168 5,165,871 4,879,943 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 F o r e i g n bank Other d o o o s i t s 1,674,18 1,668,313 1,402,869 2,457,474 59,459 19,987 19,91S 2,401,114 43,573 5,576 22,136 2,386,435 45,669 5,35s 21, U22 Total deposits D e f e r r e d 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 . . . 2,556,838 435,785 168,244 274,636 17,476 2,472,499 564,842 168,325 274,636 17,256 2,459,384 551,024 169,736 276,936 19,994 5,127,168 5,165,371 4,879,943 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 f u n d w i t h U . S . T r e a s u r y C-old 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. Board . Gold and g o l d c e r t i f i c a t e s h e l d "by "banks Total gold r e s e r v e s . . . . Reserves other than gold Total reserves . . . . 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 TOTAL RESOURCES . 53,882 427,781 . 32,666 67,339 L I A B I L I T I E S TOTAL LIABILITIES R a t i o of t o t a l r e s e r v e s t o 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 . . . 84.1% 85.2$ >3.7% 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 for foreign correspondents 367,700 378,717 463,642 RESOURCES AIID LIABILITIES OF THE JTSDBEAL RESERVE EAITKS O.I JUITE 24, 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 Boston Hew York F n i l a . Cleve. R i c h . A t l a n t a Chicago S t . L o u i s t j - p q c i tt b r 11 s : : : 3 ^ °°Fd H^notesP^ ^ a " f 1,933,450 151,014 t Total reserves Hon-rsse™ g ' r ^ i 6 o ^ i 9 56 a ' & 6:%o &%l. 57,303 1 2 1 , 1 7 2 435,236 S 3 , 5 5 7 , 6 4 8 228,005 1 , 2 9 8 , 3 5 4 2o2,632 331,645 74,422 8,283 22,464 3,459 3,6o6 111:672 ,-.%vr^ \f£ ^ i ^ 399,279 160,91s 199,953 k3 -^ocrh £>-JJD Minn. Eans.Cy. D a l l a s San Fr an. - r 71,724 46,233 e ^ 59,32o ^2,409 207,07s ^ 85,570 1 4 2 , 3 4 s 6 0 1 , 5 6 2 1 1 1 , 4 8 3 4,236 6,074 8,763 5,232 9:300 6°,904 1,712 98,35" 1.958 % 4 6 , 2 0 1 2 8 ,08b 3,556 5,019 j.™ *:8? * &=:: !: 2:! I! z 3II5 S a II3; a 4 a J 44 4 m 41 @ 4 3,11s 2 : : : : : % *.% T o t a l t i l l s and s e c u r i t i e s TOTAL RESOURCES 9^7,334 72,597 229,40? x.g J " 69,US 9^.351 t : : i : : t : . . J l — I L J g — M L - M — J a - i i a . 56,628 4 1 , 6 5 4 117,759 **1,135 3o,19o 52,90; 45,505 69,779 5 , 1 2 7 , 1 6 s 3 6 4 , 5 9 2 1 , 7 0 7 , 3 2 2 377,269 484,074 185,549 20S.5S5 795,126 1 2 2 , 6 0 3 116,819 1 8 2 , 0 5 4 112,485 4 i o , 690 L I A B I L I T I E S RESOURCES M D LIABILITIES 0? THE FEDERAL RESERVE BAMS OH JUNE 24, 1931 B-395c ( I n t h o u s a n d s of d o l l a r s ) Xans.Cy. Dal1as San F r a n . Minn. R i c h . A t l a n t a Chicago S t . L o u i s T o t a l B o s t o n New York P h i l a . CIeve. 1,$74,185 133,285 272,254 144,157 197,919 71,095 120,330 349,231 72,167 42,633 62,200 26,630 167,922 F.R.notes in a c t u a l c i r c u l a t i o n Depof i t s ' Uerabd: b. rf.c - r e s e r v e a c c o u n t 2 , 4 5 7 , 4 7 4 13S.92S 1 , 1 1 9 , 4 7 6 144,115 Government d e p o s i t s 59,459 6,420 16,512 7,110 F o r e i g n bank 19,937 967 11,337 1,276 19,912 25 9,029 121 Other d e p o s i t s Total deposits 2,556,232 1 4 6 , 4 6 0 1 , 1 5 6 , 7 1 4 1 5 2 , 6 2 2 Deferred a v a i l a b i l i t y items 435,725 51,27% 120,396 3 6 , 1 0 5 Capital paid in 1 6 2 , 2 4 4 11,237 65,459 1 6 , 7 7 5 Surplus 274,636 a , 299 80,575 27,065 All other l i a b i l i t i e s 17,476 437 5,294 545 5 , 1 2 7 , 1 6 s 354*592 1 , 7 0 7 , 3 2 2 37-7,265 TOTAL LIABILITIES Reserve r a t i o (per c e n t ) 84.1 81.5 90.4 83.5 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 367,700 27,737 119,101 3 6 , 6 7 s 129,922 4,165 1,302 1,919 197,362 42,204 15,699 28 , 971 59,290 4,129 516 25_ 64,030 3U36 5,692 12,114 822 54,950 316,662 32 9,353 3,052 464 1,740 73 1.230 37,420 14,220 13,338 71,760 1,254 451 231 53,545 329,525 74,296 1 0 , 9 2 2 53,577 1 9 , 3 9 0 5,194 19,2^2 4,218 10,857 39,936 1 0 , 5 6 2 2,177 2,349 1,370 1,313 4 8 4 , 0 7 4 185,549 208,535 795,126 182,603 S3.9 63.3 79.4 83.5 76.1 50,016 12,567 4 7 , 1 4 4 32,015 54,412 1 7 2 , 7 3 4 942 2,023 1,952 1,515 877 327 374 296 6,100 230 52 23. 4 9 , 1 2 5 84,44o 56,940 1 8 6 , 6 5 3 2 , 0 4 9 21,374 1 4 , 2 3 3 2 5 , 2 6 5 4,248 1 1 , 4 1 9 4,221 3,004 * nJ 36 1 8 , 4 7 5 8,702 7,144 598 290 so4 517 116,819 1 8 2 , 0 5 4 112,485 410,690 62.4 67.1 55.3 30.1 ' , 2,521 10,744 11,115 25,153 FEDERAL RESERVE NOTE STATELIEST Federal reserve notes: I s s u e d t o F . R . b a n k by F.S.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 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. R. Board 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 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 2,097,809 1 5 7 , 1 4 5 423.620 23,860 1,674,139 133,285 420,991 1 7 2 , 0 9 2 223,483 142,137 27.935 2 5 . 5 6 4 278,854 144,157 197,919 79,940 139,489 438,211 2 , 8 4 5 13.659 38.930 7 1 , 0 9 5 120,230 349,231 22,002 9,835 72,167 53,082 4,449 43,633 69,073 6,273 62,800 34,123 227,578 7 , 4 9 3 59,590 26,630 1 6 7 , 9 2 s 6 1 2 , 3 5 4 35,300 1 , 2 9 0 , 9 3 0 114,617 225.405 23,049 2 , 1 8 5 , 6 8 9 172,966 351,919 33,700 1 2 , 5 5 0 35,000 121,300 i S 5 , o o o 54,541 1 6 , 1 0 3 26,723 4 4 i , 4 6 o 176,103 224,273 10,070 9,900 73,900 46,ooo 110,100 352,000 25.641 19.860 27.892 2 1 , 7 1 1 139,260 459,792 13,930 56,300 13,193 33,422 6,780 32,800 3,371 53,951 58,000 16,705 74,705 5 , 3 0 5 50,000 , 12,050 155,7°3 l 4 , 4 0 9 32,913 3 5 , 7 6 4 244,676 Total Within 15 days 197,673 106,390 427,721 63 126,332 57,073 ivlATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to 6 l t o 90 days 31 t o 60 days l 6 t o 30 days 6 months 18,312 22,.208 15,907 14,470 117 4,032 17,220 27,232 123 , 273 131,615 15,5QO 57,550 63 Over 6 months 443 94,343
@FedFRASER