The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMEM1 FOR THE PRESS B-355 F e d e r a l Reserve Board May 21, 1931. Released f o r p u b l i c a t i o n F r i d a y morning, May 22; not e a r l i e r . CONDITION OF FEDERAL RESERVE BAMS The d a i l y average volume of F e d e r a l r e s e r v e 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 May 20, a s r e p o r t e d by the F e d e r a l r e s e r v e "banks, was $917,000,000, a d e c r e a s e of $16,000,000 compared w i t h t h e p r e c e d i n g week and of $51,000,000 comp a r e d w i t h t h e c o r r e s p o n d i n g week in 1930. On May 20 t o t a l r e s e r v e bank c r e d i t amounted t o $894,000,000, a d ecreas e of $24,000,000 f o r t h e week. T h i s dec re ase c o r r e s p o n d s with a d e c r e a s e of $10,000,000 i n member bank r e s e r v e b a l a n c e s and i n c r e a s e s of $o,000,000 i n monet a r y gold s t o c k and $19,000,000 i n Treasury 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 an i n c r e a s e of $12,000,000 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 $4,000,000 a t t h e F e d e r a l Reserve Bank of Hew York and i n c r e a s e d $3,000,000 a t Richmond, $2,000,000 a t A t l a n t a , and $4,000,000 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 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 $22,000,000, while h o l d i n g s of U. S. s e c u r i t i e s were p r a c t i c a l l y unchanged. Changes i n t h e amount of r e s e r v e bonk 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 May 20, 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 May 20 1931 May 13 1931 May 21 1930 ( I n m i l l i o n s of d o l l a r s ) + 4 6l 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 149 599 l6 + - TOTAL RESERVE BA1TK CREDIT Monetary g o l d s t o c k Treasury c u r r e n c y a d j u s t e d 894 4,772 1,792 - 24 + 6 + 19 - 59 + 258 + 20 Money i n c i r c u l a t i o n Member bank 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 4,639 2,411 408 + 12 + 201 + 37 c 131 - 22 1 5 - 10 56 + 71 - - 12 20 Released f o r p u b l i c a t i o n F r i d a y morning, May 22,1931; not e a r l i e r . B-355a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BASICS COMBINED ( I n thousands of d o l l a r s ) May 20.1931 1.W 11.1911 M-32_2L_123Q Gold with F e d e r a l r e s e r v e s t e n t s . . . . Gold redemption f u n d w i t h U.S. Treasury . 1,790,864 1,6a,714 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 "banks T o t a l gold r e s e r v e s Reserves o t h e r than g o l d 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 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 n o t e s 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.Government s e c u r i t i e s Other s e c u r i t i e s 1,823,373 583,418 816,491 3 , 223 , 287 176,615 3,399,902 75,046 1,757,864 32,623 1,790,437 6o4,223 315,399 3,210,609 173,275 3,388,884 71,461 48,832 96,072 144,904 153,108 76,379 133,620 209,999 186,884 59,015 41,776 194,687 291,357 528,320 6,4oc 931,603 710 20,953 RESOURCES T o t a l b i l l s and 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 banks U n c o l l e c t e d items Bank premises All o t h e r r e s o u r c e s 32,51.4 49,875 99,001 148,876 131,007 59,171 52,231 487,134 593,536 767 579,186 699 16,492 512,172 53,530 19,130 52,223 487,171 593,4l4 1,118 897,544 698 15,473 542,396 58,482 39,^83 1,661,197 614,457 300,802 3,076,456 171,595 3,248,051 69,096 610,080 18,7b0 58,646 12,204 4,961,207 4,993,703 4,951,343 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 bank Other d e p o s i t s 1,551,453 1,528,310 1,452,663 2,410,799 15,445 5,727 20,553 2,374,166 Total deposits 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 . . . . 2,452,524 2,420,793 " 36,200 5.319 20,369 2,483,181 522,909 168,453 274,636 16,214 4,993,703 4,951,348 TOTAL RESOURCES . . . . L I A B I L I T I E S TOTAL LIABILITIES 497,812 168,476 274,636 16,301 4,961,207 37,088 5,^97 22,160 2,438,911 538,396 174,240 276,936 19,702 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. note l i a b i l i t i e s combined . . . 84.9$ 84.536 83.5^ Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 383,698 39M07 461,131 RESOURCES RESOURCES MB LIABILITIES OF THE FEDERAL RESERVE BAKES OK MAT 30, 1931 ( I n thousands of d o l l a r s ) T o t a l Boston Hew York P h i l a . Cleve. 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 1,790,864 Gold redemption f u n d w i t h U . S . T r e a s u r y 32,514 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 1,823,378 Gold s e t t l e m e n t f u n d w i t h F.R.Board 583,418 816,491 Gold and gold c e r t i f . h e l d by banks 'Total gold r e s e r v e s R e s e r v e s o t h e r than gold Total reserves Hon-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 Tj. S. Government s e c u r i t i e s : B onds 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 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 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 U n c o l l e c t e d items Bank p r e m i s e s All other resources TOTAL RESOURCES B-355b Minn. Kans.Cy. D a l l a s San Fran. 146,917 1,136 386,919 160,000 192,550 73,070 128,100 291,900 71,730 44,315 62,000 22,600 210,763 663 1,339 1,058 4,424 13,092 1,004 2,460 915 960 3,958 1,505 148,053 32,888 32,855 4oo,oii 161,oo4 195,010 73,985 129,060 295,858 73,235 44,978 63,339 23,658 215,187 188,283 68,912 48,6l6 8,569 10,044 106,804 21,888 11,174 16,642 18,147 51,451 534,986 22,073 66,015 5.538 8,120 82,013 11,895 5,637 11,117 4,996 31,246 3,223,287 213,796 1,123,280 251,989 309,641 88,092 147,224 484,675 107,018 61,789 176,615 l4.407 6 2.271 7,583 16.030 11.008 7.271 20,045 8,727 4,133 65,922 22,040 4,005 5,006 4,309 4,779 9,240 4,948 l,6lb 75.046 8,685 56S 986 5,981 1,716 49,875 6,507 16,172 6,707 6,118 2,969 11,599 12,172 7.419 13,827 11,001 7,423 4,997 3.273 99,001 5,180 148,876 11,687 27 , 771 18,879 13,537 16,796 11,987 13,4o4 6,713 3,84i 940 8,190 19,256 9,209 5.6^ 106 16,771 30,324 131,007 13,445 666 7,658 288 20,590 520 1,325 15.023 989 59,171 1,202 605 490 3,874 1,972 3,976 11,380 4,6o6 11,549 52,231 1.501 487,134 43,478 118,767 43,757 50,624 28,168 16,695 58,566 20,800 17,451 598,536 46,181 145,170 49,352 62,693 29,983 20,857 81,128 25,442 25,714 767 879.186 71.313 699 16,492 512,172 58.580 19,130 52 24o 91.09s 46,801 297,884 7,165 8,259 9,716 8,441 9,17S 8,751 3,334 5,335 6,473 98,263 55.060 307,600 1,655 3,305 5,458 276 1,138 737 8,610 5.105 13,262 10,212 623 319 10,545 32,291 18,409 38,128 33,780 29,244 48,992 379 1,110 — 17 750 204,015 68,337 93,ooi 47,719 41,034 113,788 41,364 35.220 51,709 42,959 68,727 48 21 20 16 28 25 94 24 71 231 69 290 1,284 758 1.522 165 936 1,569 1,077 1,656 1,398 5,597 16,699 27,937 25,278 9,120 38,09s 14,853 67,522 21,891 137,370 45,251 50,703 4,621 1,831 3,803 1.926 3.504 2,573 8 , 0 6 1 3.635 15.240 2,6I4 7,314 544 749 905 778 1,243 3,622 935 1,200 5.64g i,oo4 1,988 57.450 3.458 513 4,961,207 369,914 1,575,693 381,017 484,690 195,570 222,45s 706,016 190,205 115.356 182,794 120,914 416,580 L I A B I L I T I E S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BASKS Gif MAY'20, 1531 ( i n thousands of d o l l a r s ) T o 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 - B-355c Minn. ICans. Cy. D a l l a s San Fran. 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 1,551,452 136,369 268,054 146,055 189,399 74,438 122,869 229,950 73,422 47,458 63,334 27,576 165,534 Deposits: Member bank - r e s e r v e account 2,410,799 l4o,7S9 l , 0 1 4 , 9 ^ 0 146,445 195,335 62,128 59,947 344,431 75,275 47,521 81,272 59,251 183,405 Government d e p o s i t s 2,026 1,407 1,208 15,445 1,170 2,163 1,1.68 1,691 762 1,274 1,714 322 540 Foreign "bank 421 224 202 5,727 566 1,965 168 163 196 129 321 555 757 Other d e p o s i t s 52 10,151 241 1,392 20,553 64 121 190 1,884 100 115 237 5,94o Total deposits 2,452,524 142,432 1,029,082 142,597 192,993 64,630 bl,552 342,277 76,470 48,213 22,039 60,793 191,440 Deferred a v a i l a b i l i t y items 497,812 57,622 127,840 42,071 50,301 37,210 13,772 65,729 23,570 8,695 23,990 12,535 27,271 Capital paid in 168,476 11,838 65,445 16,776 15,748 5,720 5,226 19,909 4,828 3,016 4,232 4,295 11,437 Surplus 274,636 a, 299 20,575 27,065 28,971 12,114 10,857 39,936 10,562 7,144 2,702 2,936 18,475 All other l i a b i l i t i e s 16,301 4,697 354 453 1.27s 252 2,170 2,215 1,353 830 491 823 779 TOTAL LIABILITIES 4,961,207 369,914 1,575,693 321,017 424,690 195,570 222,458 706,016 190,205 115,356 122,794 120,914 416,580 Reserve r a t i o (per c e n t ) 24.9 81.9 91.4 81.1 57.6 6S.9 S3.9 52.3 27.3 71.3 77.2 85.9 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 correspondents 323,692 28,214 125,905 32,035 32,203 15,362 13,231 51,866 13,447 8,835 11,142 11,526 26,125 Federal r e s e r v e n o t e s : Issued t o F.R.bank by F.R.Agent 1.,955,232 163,644 Held by Federal r e s e r v e bank 4O4,38Q 27 , 275 In act-oal c i r c u l a t i o n 1,551,452 136,369 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 bank Gold and gold c e r t i f i c a t e s 615,884 32,300 Gold fund - F. R. Board ,173,980 114,617 E l i g i b l e paper 269,720 25,072 Total c o l l a t e r a l 2,060,544 171,989 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 142,876 131,007 427,134 17 FEDERAL RESERVE 1T0TE STATEMENT 411,351 169,704 217,429 85,369 147,555 296,685 83,171 52,622 52,923 34,130 225,145 143,297 23,649 28,030 10,931 18,796 66,735 9,749 5,164 5,589 6,554 58,611 262,054 146,055 129,399 74,438 122,269 229,950 73,422 47,458 53,334 27,57b 155,534 351,919 35,000 53,051 439,970 Within 15 days 83,721 50.995 32,700 121,300 17,359 177,359 12,550 180,000 29,483 222,033 10,070 9,400 73,900 13,930 6,815 7,300 So,000 63,000 118,700 218,000 57,200 37,500 62,000 15,300 150,763 17,115 20,007 32,372 15,323 9.332 17,670 13,491 19,505 90,125 142,107.324,27 2 87,053 53,647 79,670 36,091 230,268 MATURITY DISTRIBUTION OF BILLS AID SHORT TERM SECURITIES 91 days t o l6 to 30 days 31 6l to 90 days 31 to 60 days 6 months i4,46o 22,806 12,573 14,157 36,362 21,266 35,799 51,300 7,233 56,550 56,550 17 612 114,697 Over 6 months 1,159 182,721
@FedFRASER