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« STATEMENT FOR THE PRESS Released for p u b l i c a t i o n F r i d a y morning, Mar. 27; not e a r l i e r . B-2o8 F e d e r a l R e s e r v e Board March 2o, 1931CONDITION OF FEDERAL RESERVE BAMS 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 March 25» 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 h a n k s , was $880,000,000, a d e c r e a s e of $60,000,000 compared w i t h t h e p r e c e d i n g week and of • $174,000,000 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 March 25 t o t a l r e s e r v e b a n k c r e d i t amounted t o $ 8 5 8 , 0 0 0 , 0 0 0 , a d e c l i n e of $49,000,000 f o r t h e week. T h i s d e c l i n e c o r r e s p o n d s w i t h d e c r e a s e s of $ 7 9 , 0 0 0 , 0 0 0 i n member bank r e s e r v e b a l a n c e s , $ 1 5 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n , and $ 3 , 0 0 0 , 0 0 0 i n unexpended c a p i t a l f u n d s , e t c . , and an i n c r e a s e of * 4 , 0 0 0 , 0 0 0 i n monetary g o l d s t o c k , o f f s e t i n p a r t by a d e c r e a s e of $ 5 1 , 0 0 0 , 0 0 0 i n T r e a s u r y currency, adjusted. 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 $ 3 , 0 0 0 , 0 0 0 d u r i n g t h e week, t h e p r i n c i p a l changes b e i n g i n c r e a s e s of $11,000,000 a t t h e F e d e r a l R e s e r v e Bank of San F r a n c i s c o and $ 2 , 0 0 0 , 0 0 0 a t B o s t o n , and d e c r e a s e s of $ 3 , 0 0 0 , 0 0 0 a t New York and $ 2 , 0 0 0 , 0 0 0 e a c h a t P h i l a d e l p h i a and M i n n e a p o l i 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 open market d e c l i n e d $40,000,000 and of U n i t e d S t a t e s s e c u r i t i e s $ 1 9 , 0 0 0 , 0 0 0 , l a r g e l y a s a r e s u l t of t h e T r e a s u r y ' s q u a r t e r l y f i s c a l o p e r a t i o n s . 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 h e week and t h e y e a r e n d i n g March 25, 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 Mar. 25 1931 Mar. IS 1931 Mar. 26 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 Other r e s e r v e b a n k c r e d i t 165 S3 599 TOTAL RESERVE BANK CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 858 10 4,689 1,765 4,547 Money i n c i r c u l a t i o n 2,357 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 funds,nonmember d e p o s i t s , e t c . 407 c. + — 4- 3 4o 19 5 + - 49 42 173 70 22 - 51 - 167 + 269 - 25 - 15 79 3 + 80 + 17 - 21 4- - k Released f o r p u b l i c a t i o n Friday morning, Mar. 27,1931*. not earlier. B-288a RESOURCES A3D LIABILITIES OF TH3 TWELVE FEDERAL RESERVE BA2JICS COHBHED ( I n thousands of d o l l a r s ) Mar. 25.1931 Mar. 18.1931 Mar. 26,1930, RESOURCES Gold with Federal r e s e r v e agents Gold redemption fund --/ith U.S.Treasury . . 1,729,624 32,672 1,710,384 33,005 1 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. Board . . Gold and gold c e r t i f i c a t e s h e l d by hanks . 1,762,296 504,271 859,301 1,743,389 519,^3 853,022 1,7^9,724 587,321 o95,95(. T o tal RQld r e s e r v e s Reserves other than gold 3,126,368 183,894 3,115,874 1JS,2o5 3,051,002 —191,079 Total reserves 3,310,262 3,294,139 3,242,081 74,333 74,791 72,3oo o l ,950 103,^75 165,425 83,272 52,892 l o l , 9 22 122,^50 r \, n r bb,^l la0 -^3. 206,o2j 25o,4o2 66,633 66,959 4I,SO3 Hon-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 M i l s d i s c o u n t e d T o tal b i l l s d i s c o u n t e d B i l l s bought i n open market U , B^Verna,ent S . . °CUr?Me!: SunLrLiMn;::::::::: i i T o tal U. S. Government s e c u r i t i e s . . Other s e c u r i t i e s T o ta l b i l l s and s e c u r i t i e s . . . . 617,746 1 5 28 , 999 847,255 902,218 1,001,090 ,710 ::::::::::: TOTAL RESOURCES 111 J& 598,558 >ae from f o r e i g n banks : : : : : : : >717,259 5,1. 6 o 0 a , 553% & 4,726,854 4,924,814 4,968,435 F. R. notes in a c t u a l c i r c u l a t i o n . . . . 1,441,715 1,441,823 1,572,900 D 2,357,011 2,436,383 2 L I A B I L I T I E S °SeSer'bank - reserve account Government . . . Total deposits Deferred a v a i l a b i l i t y items A l l other 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 to d e p o s i t 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 for foreign correspondents 51 >4o4 2,432,767 454,585 14,257 4,786,854 85.4$ 437 * 233 r'n^h 2,465,256 55S''9^1 # 4,924,814 o4.3/o <53,072 ' ^ h ^ ox 2,388,467 537,07 fg IS,7;2 4,968,435 . 31. b/o 9 » RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BANKS OH MARCH 25, 1931 ( I n thousands of d o l l a r s ) To t a l Boston Hew York P h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s 3old with Federal r e s e r v e agents 1,729,624 149,917 360,919 l60,000 192,550 84,080 138,900 215,000 72,380 Gold redemption f u n d with U.S.Treasury 32,672 1,223 13,300 1,147 2,567 812 1,042 3.995 1,535 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 1 , 7 6 2,296 151,140 380,219 161,147 1 9 5 , H 7 84,892 139,942 218,995 73,915 Gold s e t t l e m e n t f u n d with F. R. Board 30,2^1 504,271 131,425 56,981 50,738 20,378 12,355 106,291 22,496 Gold and gold c e r t i f . h e l d "by "banks 859,801 35,663 562,088 30,824 65.702 5,4I6 7.784 78.199 11.314 T o t a l gold r e s e r v e s 3,126,368 ZL7,054 ]1,073,732 248,952 311,557 110,686 160,081 403,485 107,725 183,894 17,730 56,838 10,312 15,469 10,867 7,120 2 l , 7 4 l 11,490 Reserves o t h e r than gold RESOURCES Total reserves ^Ton-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 " 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 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 T o t a l 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 from f o r e i g n banks F. R. n o t e s of other banks U n c o l l e c t e d items Bank premises All other resources TOTAL RESOURCES 3,310,262 234,784 ]u,130,570 259,264 327,026 121,553 167,201 425,226 119,215 4,823 9,449 18,592 5,410 74,333 3,946 4,635 4,772 9,417 61,950 4,685 5,880 15,214 19,467 5,523 11,850 7,805 6,043 165,425 10,565 83 , 272 6,925 34,681 15,240 17,373 13,848 1,202 2,745 42,235 46,182 13,263 146,927 103,475 66,633 63,227 468,698 598,55s 847,255 710 14,959 464,466 52,323 16,546 63,672 53 243 50,392 3,458 279 B-288b Minn. Kans.Cy. Dallas San Fran. 47,^15 65,000 26,600 210,763 47b 1.354 770 4.451 6b,354 17,410 12.805 27,370 215,214 15,182 26,079 4.861 39.522 96,569 8,375 47,413 280,815 9,169 10,638 72,444 104,944 l,74l 2:056 56,582 291,453 3,736 5,756 47,991 14,635 5.623 68,299 4,145 12,516 963 243 11,350 3,884 8,981 2,792 5,154 364 3.005 911 8.197 157 b,704 19,409 4,328 105 10,256 13,479 473 n,593 5,080 12,865 14,059 7,946 5,308 3,369 3,126 9,108 4,379 6,861 2,427 23,737 15,894 682 12,853 44,320 1,325 923 14,735 250 4,152 8.403 4,393 is.s4o 7,4l6 1,099 17.031 479 2,032 31.368 182,713 49,352 57,855 16,983 12,805 20,590 3,645 56.893 81,128 666 5,625 42,738 23,399 25,546 33,879 10,192 319 1,149 11,348 17.883 . 27,325 29,224 33,992 232,634 240 4,283 127,24s 15,240 4,548 66,330 81,959 69 71 176 1,090 4l,519 44,645 30,935 28 l,l4i 34,032 3,438 1,052 29,47s 108,052 25 94 1,068 2,410 14,120 56,701 8,061 2,573 3,63s 1,213 37,153 25 1,386 19,891 3,635 1.413 32,o4i 47,366 20 976 25,877 3,803 382 38,512 21 259 15,805 1,830 932 22,523 989 2,6I4 311 7,124 1,455 16 462 7,690 1,926 726 78,623 48 1,465 26,546 4,6a 597 4,786,854 362,330 1,533,355 374,729 468,005 196,951 222,926 611,174 188,128 117,046 185,424 117,677 409,109 l i a b i l i t i e 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 Total deposits D e f e r r e d a v a i l a b i l i t y items Capital p a i d in Surplus All other l i a b i l i t i e s TOTAL LIABILITIES Reserve 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 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS 01T MARCH 25, 1931 B-2S8c ( I n thousands of d o l l a r s ) Dallas San Fran. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. T o t a l Boston New York P h i l a . Cleve. 1,441,715 132,434 246,320 136,542 177,885 138,605 988,857 149,435 6,64o 17,559 5,587 1,601 514 389 8,475 423 209 145,843 1,016,492 155,959 50,677 120,644 38,085 11,832 65,623 16,780 21,299 80,575 27,065 245 3.701 298 362,330 1,533,355 374,729 84.4 89.5 88.6 2,357,011 5i,4o4 5,086 19,266 2,432,767 454,58 168,39 274,636 14,257 4,786,854 85.4 437 ,233 32,762 144,122 43,246 195,603 2,237 525 2,106 200,471 43,812 15,760 28,971 1,106 468,005 86.4 44,119 26,68 2 1 57,648 79,^53 129,269 165,303 76,287 48,069 b5,193 57,848 2,813 187 382 61,230 13,691 5,270 10,857 2.009 222,926 87.5 71,746 1,036 49,237 80,993 867 151 60,599 2,776 208 88 63,671 35,147 5,741 12,114 795 196,951 84.9 322,258 4,926 701 631_ 328,582 55,213 19,959 39,936 182 528 1,062 119 184 57,270 134,560 2,9b6 2,935 156 353 381 85. 5,708 82,392 60,477 193,556 24,461 16,597 27,236 4,322 11,464 4,24s 8,702 8,936 18,475 661 428 73,492 50,602 7,383 21,639 3,056 4,839 10,562 7,144 792 2.181 1,309 611,174 1SS.12S 117,046 185,424 117,677 409,109 86.1 79-6 73.4 71.1 64.9 83.0 17,473 15,726 m 58,972 15,289 10,047 12,66s 13,105 29,704 52,948 4.879 43,069 74,320 9.127 65,193 33,541 232,778 6.859 75.130 26,682 157,648 FEDERAL RESERVE NOTE STATBliENT 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 t o bank Gold and gold 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 1,874,635 159,279 432,933 26,845 1,441,715 132,434 393,101 166,661 212,332 89,454 153,464 222,369 146,781 30,119 34,497 9,971 23,595 57.066 246,320 136,542 177,885 79,433129,869165,303 84,333 8.051 76,287 618,144 1,111,430 239,742 1,969,366 351,919 38,700 12,550 10,080 9,400 82,000 15,000 121,300 180,000 74,000 129,500 133,000 47,446 16,89 2 23.209 13.713 15.583 26.720 414,365 176,392 215,759 97,793 154,483 241,720 7,300 50,000 i4,oso 6,815 58,300 40,700 65,000 19,300 160,763 1 2.326 6.035 1 2.827 8.280 19.237 84,706 53,550 77,827 34,880 250,000 35,300 114,617 1 7,474 167,391 Total Within 15 days 165,425 83,272 46s,69s 102,694 54,399 MATURITY DISTRIBUTION OF BILLS AND SHORT T2RM SECURITIES 91 days t o 6l t o 90 days 31 t o 60 days l 6 to 30 days 6 months 14,152 17,335 22,426 )66 9,60b 36,000 14,236 1,245 113,718 7,817 127 158,729 Over 6 months 4,100 160,251
@FedFRASER