Annual Report of the Federal Reserve Board, 1931
EIGHTEENTH ANNUAL REPORT OF THE FEDERAL RESERVE BOARD COVERING OPERATIONS FOR THE YEAR 1931 UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON : 1932 Digitized for FRASER For sale by the Superintendent of Documents, Washington, D. C. - - -- - - - Price 20 cents http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
THE FEDERAL RESERVE BOARD DECEMBER 31, 1931 EX OFFICIO MEMBERS EUGENE MEYER, Governor. CHARLES S. HAMLIN. A. W. MELLON, ADOLPH C. MILLER. Secretary of the Treasury, Chairman. GEORGE R. JAMES. J. W. POLE, WAYLAND W. MAGEE. Comptroller of the Currency. FLOYD R. HARRISON, WALTER WYATT, General CoiTnsel. Assistant to the Governor. E. A. GOLDENWEISER, CHESTER MORRILL, Secretary. Director, Division of Research and E. M. MCCLELLAND, Statistics. Assistant Secretary. CARL E. PARRY, J. C. NOELL, Assistant Secretary. Assistant Director, Division of Re- W. M. IMLAY, Fiscal Agent. search and Statistics. E. L. SMEAD, Chief, Division of Examinations. Chief, Division of Bank Operationsi II Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CONTENTS TEXT OF REPORT Page Reserve bank credit 2 Member and nonmember bank credit 4 Money rates 5 Credit policy of the Federal reserve banks 6 Excess reserves of member banks 7 Composition of reserve bank credit 8 International gold movements 10 Credit agreements with foreign central banks 12 Earnings, expenses, and volume of work of Federal reserve banks 13 Building operations of Federal reserve banks 16 Branches and agencies of Fed eral reserve banks 16 Changes in membership 17 Bank examinations 18 Bank suspensions 18 Bank consolidations 20 Banks on par list 21 Trust activities of national banks 21 Change in board's regulations 22 Administration of the Clayton Antitrust Act 22 Meetings of the Federal Advisory Council 22 Conferences held by the Federal Reserve Board 22 Board's organization, staff, and expenditures 22 TABLES FEDERAL RESERVE BANK CREDIT RESERVE BANK CREDIT AND FACTORS IN CHANGES: No. 1. Annual averages, 1918-1931 27 No. 2. Monthly averages, 1917-1931 28-30 No. 3. Weekly averages 31 No. 4. By weeks (Wednesday series), 1927-1931 32-36 No. 5. End of month series, 1927-1931 37 RESERVE BANK CREDIT: No. 6. Reserve bank credit outstanding, annual averages, 1915-1931. 38 No. 7. Reserve bank credit outstanding, by months, 1923-1931 38-39 No. 8. Deposits, reserves, note circulation, and reserve percentages of Federal reserve banks, by months, 1927-1931 40 No. 9. Principal resources and liabilities of Federal reserve banks, by weeks 41 No. 10. Resources and liabilities of Federal reserve banks, in detail, December 31, 1931. - 42-43 No. 11. Resources and liabilities of Federal reserve banks (in detail) at the end of each month 44-45 in Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
IV CONTENTS RESERVE BANK CREDIT—Continued. Page No. 12. Condition of each Federal reserve bank at end of 1930 and 1931 46-47 No. 13. Number of member banks discounting paper at Federal reserve banks, by months, 1914-1931 48 No. 14. Bills discounted by Federal reserve banks—Holdings at the end of each month, by classes 49 No. 15. Bills bought by Federal reserve banks—Holdings at the end of each month, by classes 49 No. 16. Holdings of bills discounted and bills bought by Federal reserve banks, by maturities 50 No. 17. Holdings of United States Government securities by Federal reserve banks at the end of each year, 1927-1931, by classes 51 No. 18. Holdings by Federal reserve banks of United States Government securities in system investment account, under resale agreement, etc. (average basis), 1930-1931 52 No. 19. Holdings by Federal reserve banks of United States Government securities in system investment account, under resale agreement, etc. (Wednesday basis) 53 No. 20. Holdings by Federal reserve banks of one-day certificates of indebtedness issued by the United States Treasury, 1924-1931 54 VOLUME OF OPERATIONS OP FEDERAL RESERVE BANKS: No. 21. Volume of operations in principal departments, 1927-1931-- 55 GOLD SETTLEMENT FUND: No. 22. Summary of transactions through the fund, 1924-1931 56 FEDERAL RESERVE AGENTS' FUND: No. 23. Summary of transactions through the fund, 1924-1931 56 MEMBERSHIP IN PAR COLLECTION SYSTEM: No. 24. Number of banks on par list and not on par list, 1924-1931-_ 57 FEDERAL RESERVE BANK PREMISES: No. 25. Cost of premises of Federal reserve banks and branches to December 31, 1931 58 EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS: No. 26. Gross and net earnings and disposition made of net earnings, 1914-1931 59 No. 27. Earnings, by sources, 1914-1931 59 FEDERAL RESERVE NOTES: No. 28. Federal reserve agents* accounts at the end of each month.- 60 GOLD STOCK, GOLD MOVEMENTS, AND MONEY IN CIRCULATION GOLD: No. 29. Monetary gold stock of the United States, by months, 1914- 1931 63 No. 30. Analysis of changes in monetary gold stock, by months, 1914- 1931 64-66 No. 31. Gold earmarked by Federal reserve banks for foreign account, by months, 1916-1931 67 No. 32. Gold imports and exports, by countries, 1928-1931 67 No. 33. Gold imports and exports, by months, 1922-1931 68 MONEY IN CIRCULATION: No. 34. United States money in circulation, by months, 1914-1931 -_ 69 No. 35. Kinds of money in circulation, by months, 1929-1931 70 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CONTENTS V DISCOUNT RATES AND MONEY RATES DISCOUNT RATES AND MONEY RATES: Page No. 36. Federal reserve bank discount rates on all classes and maturities of discounted bills—Changes from January 1, 1922, to December 31, 1931 73-75 No. 37. Federal reserve bank buying rates on acceptances—Changes from January 1, 1922, to December 31, 1931 76-77 No. 38. Average rates earned by Federal reserve banks on bills and securities, 1918-1931 78 No. 39. Open-market rates in New York City, by months, 1927-1931. 79 No. 40. Open-market rates in New York City, by weeks 80 No. 41. Money rates in New York City—Prevailing rates charged customers, by months, 1927-1931 81 No. 42. Rates charged customers by banks in principal cities (weighted averages), 1919-1931 82 FOREIGN RATES: No. 43. Discount rates at central banks in foreign countries—Changes from January 1, 1928, to December 31, 1931 83 No, 44. Open-market rates in foreign countries, by months, 1927- 1931 1 84 MEMBER AND NONMEMBER BANK CREDIT ALL BANKS IN THE UNITED STATES: No. 45. Loans and investments of member and nonmember banks, 1914-1931 87 No. 46. Deposits of member and nonmember banks (exclusive of interbank deposits), 1914-1931 88 ALL MEMBER BANKS: No. 47. Resources and liabilities of national and State bank members. 89 No. 48. Resources and liabilities of reserve city and country banks__ 90 No. 49. Deposits subject to reserve, reserves required, reserves held, and borrowings at Federal reserve banks, by months 91-93 No. 50. Holdings of eligible assets (United States Government securities and eligible paper) compared with borrowings at Federal reserve banks, 1926-1931 94 No. 51. Classification of demand and time deposits on call dates, 1928-1931 95 No. 52. Principal resources and liabilities on call dates, 1914-1931-. 96-97 No. 53. Classification of member bank loans and investments on call dates, 1928-1931 98-99 No. 54. Reserve balances, by months, 1920-1931 100 No. 55. Borrowings at Federal reserve banks, by months, 1914-1931- 100 MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE CITIES: No. 56. ^Deposits subject to reserve, reserves required, reserves held, and borrowings at Federal reserve banks, by weeks, 1929- 1931 101-109 REPORTING MEMBER BANKS IN LEADING CITIES: No. 57. Loans, investments, deposits, reserves, and borrowings at Federal reserve banks, by months, 1920-1931 110-111 No. 58. Principal resources and liabilities, by weeks 112-113 No. 59. New Y^ork City banks—Principal resources and liabilities, by weeks 114-115 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
VI CONTENTS REPORTING MEMBER BANKS IN LEADING CITIES—Continued. Page No. 60. Banks outside New York City—Principal resources and liabilities, by weeks 116-117 No. 61. Bankers' balances, by weeks: Total, New York City, other leading cities „ 118 BROKERS' LOANS: No. 62. Loans to brokers and dealers, secured by stocks and bonds, made by reporting member banks in New York City, by weeks . 119 No. 63. Brokers' borrowings, 1927-1931, as reported by New York Stock Exchange 120 No. 64. Member bank loans to brokers in New York City, 1928-1931.- . . '.. 121 No. 65. Member bank loans to brokers outside New York City, 1928-1931 „_. 121 BANKERS' ACCEPTANCES AND COMMERCIAL PAPER OUTSTANDING: No. 66. Bankers' acceptances and commercial paper outstanding . 122 No. 67. Bankers' acceptances outstanding, by classes 122 No. 68. Bankers' acceptances held by accepting banks, 1925-1931. _ 123 No. 69. Purchased acceptances held by member banks on call dates, 1928-1931 123 No. 70. Distribution of bankers' acceptances outstanding, by months- 123 BANE: DEBITS: No. 71. Debits to individual accounts by banks in 141 principal cities, by months, 1922-1931 _ 124 BANK SUSPENSIONS: No. 72. Banks suspended and reopened, by years, 1921-1931 125 No. 73. Bank suspensions, by months, 1927-1931. 126 No. 74. Bank suspensions: Number, classified according to capital stock, 1921-1931 ... 127 No. 75. Bank suspensions: By size of town or city, 1921-1931 127 CHANGES IN MEMBERSHIP IN THE FEDERAL RESERVE SYSTEM: No. 76. Changes, by class of member, 1930 and 1931 128 EARNINGS, EXPENSES, AND DIVIDENDS OF MEMBER BANKS, 1923-1931: No. 77. Earning assets, capital funds, and profits „ 129 No. 78. Ratios of earnings, expenses, etc., to average earning assets. 130 No. 79. Earnings, expenses, and dividends.- _, 131 BANKING CONDITIONS IN FEDERAL RESERVE DISTRICTS AND STATES CONDITION OF EACH FEDERAL RESERVE BANK: No. 80. Bills discounted for member banks—Holdings, by months, 1927-1931 _-- 135 No. 81. Discounted bills—Holdings on December 31, 1931, by classes 136 No. 82. Discounted bills—Holdings on December 31, 1931, by maturities 136 No. 83. Principal resources and liabilities, by weeks 137-148 VOLUME OF OPERATIONS OF EACH FEDERAL RESERVE BANK: No. 84. In principal departments . __„ 149 No. 85. In branches _«_ 150 GOLD SETTLEMENT FUND: No. 86. Summary of transactions through the fund, by districts 151 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CONTENTS VII FEDERAL RESERVE AGENTS' GOLD FUND: Page No. 87. Summary of transactions through the fund, by districts 151 MEMBERSHIP IN PAR COLLECTION SYSTEM: No. 88. Number of banks on par list and not on par list, by districts __-_.- . — 152 No. 89. Number of bankB on par list and not on par list, by States, December 31, 1930 and 1931.. 153 EARNINGS AND EXPENSES OF EACH FEDERAL RESERVE BANK: No. 90. Total earnings, current expenses, and net earnings, and disposition made of net earnings, 1914-1931 154-155 No. 91. Earnings and expenses in detail 156-157 CONDITION OF ALL BANKS IN EACH DISTRICT, 1925-1931: No. 92. Total loans and investments 158 No. 93. Total loans..-. 159 No. 94. Investments ,. . 160 No. 95. Deposits (exclusive of interbank deposits) 161 CONDITION OF ALL BANKS, BY STATES, 1927-1931: No. 96. Total loans and investments™ . . 162 No. 97. Total loans - 163 No. 98. Investments 164 CONDITION OF ALL MEMBER BANKS IN EACH DISTRICT: No. 99. Net demand and time deposits, by months 165 No. 100. Reserve balances, by months, 1928-1931___- 166 No. 101. Borrowings at Federal reserve banks, by months, 1930 and 1931 . 167 No. 102. Number of member banks discounting paper at Federal reserve banks, 1924-1931 - 167 No. 103. Principal resources and liabilities, on call dates 168-169 No. 104. Classification of loans and investments on call dates 170-173 CONDITION OF ALL MEMBER BANKS, BY STATES: No. 105. Total loans and investments, 1929-1931 174 No. 108. Total loans, 1929-1931 175 No. 107. Loans to customers (exclusive of banks), 1929-1931 176 No. 108. Open-market loans, 1929-1931 177 No. 109. Investments, 1929-1931 178 No. 110. Borrowings at Federal reserve banks, by States, 1931 179 No. 111. Number of member banks discounting paper at Federal reserve banks, 1924-1931 —— — 180 CONDITION OF REPORTING MEMBER BANKS IN EACH DISTRICT: No. 112. Total loans and investments, by weeks „ . 181 No. 113. Total loans, by weeks „ 182 No. 114. Loans on securities, by weeks . 183 No. 115. All other loans, by weeks „ ., 184 No. 116. Investments, by weeks ... 185 No. 117. Net demand deposits, by weeks. 186 No. 118. Time deposits, by weeks 187 No. 119. Reserve balances, by weeks 188 No. 120. Borrowings at Federal reserve banks, by weeks . 189 BANKERS' BALANCES OF REPORTING MEMBER BANKS, BY DISTRICTS: No. 121. Amounts due to banks, 1930 and 1931, by months. 190 No. 122. Amounts due from banks, 1930 and 1931, by months 190 BANK SUSPENSIONS: No. 123. Banks suspended and reopened, by districts 191 No. 124. Banks suspended and reopened, by States . 192 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
VIII CONTENTS Page EARNINGS, EXPENSES, AND DIVIDENDS OP MEMBER BANKS, 1927-1931: No. 125. All member banks, by districts 193 No. 126. National banks, by districts . 194 No. 127. State member banks, by districts- 195 BUSINESS CONDITIONS CAPITAL ISSUES AND SECURITY PRICES: No. 128. Capital issues, 1919-1931 . 199 No. 129. Security prices, 1919-1931 200 INDEX NUMBERS OP PRODUCTION, EMPLOYMENT, TRADE, AND PRICES: No. 130. Production, employment, and trade, 1919-1931 201-205 No. 131. Production of manufactures, by groups, 1919-1931 206 No. 132. Production of minerals, by industries, 1919-1931 207 No. 133. Factory employment, by groups, 1919-1931 208-211 No. 134. Factory pay rolls, by groups, 1919-1931 212-213 No. 135. Wholesale prices, by groups of commodities, 1913-1931— 214-215 APPENDIX Recommendations (and directory) of the Federal Advisory Council 219-221 Amendment to regulation G of the Federal Reserve Board 222-224 Directory of the Federal Reserve Board 225 Salaries of officers and employees of the Federal Reserve Board 225 Receipts and disbursements of the Federal Reserve Board 226-227 Salaries of national-bank examiners 228-229 Governors and directors of Federal reserve banks 230-237 Salaries of officers and employees of Federal reserve banks 238-240 State bank and trust company members of Federal reserve system: List of members, with location, loans, investments, etc 241-255 (Summary classification according to capital stock 256-258 Fiduciary powers granted to national banks 259-282 Banks authorized to accept bills up to 100 per cent of capital and surplus 283-285 Description of Federal reserve districts 286-291 Description of Federal reserve branch territories 292-293 Map of Federal reserve districts 294 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
LETTER OF TRANSMITTAL FEDERAL RESERVE BOARD, Washington, June 6, 1932. To the SPEAKER OF THE HOUSE OF REPRESENTATIVES: Pursuant to the requirements of section 10 of the Federal reserve act, I have the honor to submit the Eighteenth Annual Report, prepared by direction of the Federal Reserve Board, covering operations during the calendar year 1931. Yours respectfully, EUGENE MEYER, Governor. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL EEPOET OF THE FEDERAL EESEEYE BOABD Nineteen hundred and thirty-one was a year of continued depression in business, of reduced employment, and of decline in values. The volume of bank credit decreased continuously during the year, there were many bank failures, and severe disturbances occurred in financial conditions, both here and abroad. During the first nine months of the year the Federal reserve system pursued a policy of further easing credit conditions through reductions of rates and through open-market operations. In the autumn of the year, when, following upon the suspension of gold payments in England, the system was subjected to heavy withdrawals of gold from abroad and of currency for hoarding in this country, it met these demands freely by discounting paper for member banks and by the purchase of acceptances in the open market. In the first quarter of 1931 banking conditions, which had been characterized by a large number of suspensions in 1930, showed some improvement, but this improvement was not sustained during the rest of the year. In the late spring the number of bank failures increased, and there was a renewed increase in the withdrawals of cash from banks for hoarding. There was an improvement in conditions for a brief period in July after the announcement on June 20 of the American proposals for a moratorium on intergovernmental debts and reparation payments, but in August the downward movement was resumed, and in September, after the suspension of the gold standard in England, gold exports from the United States were in large volume and withdrawals of currency from the banks were accelerated. Withdrawals of deposits and declines in the value of investment portfolios were accompanied hj a large number of bank failures in September and October. Gold exports practically ceased at the end of October, and in the last part of the year there were considerable imports of gold, largely from Japan. After the organization in October of the National Credit Corporation for making loans to banks with sound assets, though these assets be ineligible for discount at the reserve banks, there was a reduction in the number of bank suspensions, and some return flow of currency to the banks, but in December bank failures increased again and were accompanied by renewed withdrawals of currency for hoarding. When Congress convened in December, a bill was introduced for the establishment of a 1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
A ANNUAL REPORT OF THE FEDERAL RESERVE BOARD Reconstruction Finance Corporation with a capital of $500,000,000 supplied by the United States Treasury and authority to borrow up to $1,500,000,000. The bill creating the corporation, which is authorized to make loans to banks and other financial institutions and to railroads, was passed by Congress in January and approved by the President on January 22, 1932. Throughout the year unfavoraole developments abroad were an important factor in business and credit conditions in the United States. The European credit crisis, beginning in Austria in April, spread to adjoining countries and resulted in June in a collapse of credit in Germany. Efforts to arrest the spread of this crisis through the extension of outside support to the central banks of Austria, Hungary, and Germany, and through the American proposal for an international moratorium on intergovernmental debts, were unsuccessful, and in July there were heavy withdrawals of foreign balances from England. Foreign credits of $250,000,000 obtained by the Bank of England and of $400,000,000 obtained by the British Government were exhausted by the third week in September, and on September 20 the British Government announced the decision to suspend the gold standard in England. This action, and similar action in other countries, caused large gold withdrawals from the United States, accelerated domestic withdrawals of currency for hoarding, and was followed by a rapid contraction of credit in this country. RESERVE BANK CREDIT Volume of reserve bank credit, which as a result of gold imports had declined in midsummer to the lowest level since 1924, increased sharply in September and October, as gold and currency withdrawals occurred, and at the end of the year was near the highest level in 10 years. The course of reserve bank credit since 1922 is shown on the chart, in relation to the demand for currency, gold movements, and member bank reserve balances. Increase in the demand for currency began in November, 1930, when bank failures increased in number, but the resulting demand for reserve bank credit was met until after the middle of 1931 by the use of funds derived from imports of gold from abroad, with the consequence that there was little change in the outstanding volume of reserve bank credit. After that time, however, in September and October, when a large reduction in the monetary gold stock of the country coincided with a further large increase in the demand for currency, the volume of reserve bank credit increased by $1,000,000,000 within a few weeks. In November and December, however, there was a reduction of more than $200,000,000, reflecting in part a renewed inflow of gold from abroad, but in larger part a rapid decrease in Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 6 member bank reserve balances, which accompanied a further decrease in member bank deposits. RESERVE BANK CREDIT OUTSTANDING AND PRINCIPAL FACTORS IN CHANGES MILLIONS OF DOLLARS MILLIONS OF DOLLARS 6000 6000" 5500 5500 5000 4000 2500 2000 1500 1000 1000 500 1922 1923 192^ 1925 1926J 1927 1928 1929 1930 1931 Monthly averages of daily figures The following table shows on a monthly average basis the changes in reserve bank credit during the first nine months of 1931, in the last three months of the year, and for the year as a whole, in comparison with the changes in gold stock, money in circulation, and member bank reserve balances: RESERVE BANK CREDIT AND PRINCIPAL FACTORS IN CHANGES [Monthly averages of daily figures. In millions of dollars] Change between— Decem- Septem- Decem- Decem- Septem- December, 1930 ber, 1931 ber, 1931 ber, 1930, ber, 1931, ber, 1930, and and and Septem- Decem- December, 1931 ber, 1931 ber, 1931 Keserve bank credit ! l, 273 1,313 1,950 +40 +637 +677 Monetary gold stock | 4,583 4,948 4,450 +365 -133 Money in circulation 4,823 5,133 5,611 +310 +478 +788 Member bank reserve balances. 2,415 2,333 2,069 -264 -346 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
4 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD MEMBER AND NONMEMBER BANK CREDIT The decrease of member bank reserve balances by $346,000,000 during the year was the largest decrease in these balances that has taken place in a single year since the Federal reserve system was established. During the first nine months of the year the decrease was gradual, amounting in the aggregate to $82,000,000, but during the final quarter it became accelerated, the decrease amounting to $264,000,000 for the period and reflecting the rapid decline in loans and investments of member banks. The decline in bank loans which had begun in the autumn of 1929 continued throughout 1930 and 1931; until the summer of 1931, however, the decline in loans was partly offset in the total volume of bank credit by a growth in the banks' holdings of investment securities. In the third quarter of 1931 banks discontinued their purchases of securities, and in the fourth quarter they began to sell investments, with a consequent increase in the rapidity of liquidation of bank credit and bank deposits. The decrease during the year in member bank deposits subject to reserve requirements approximated $4,875,000,000, of which $2,675,- 000,000 was in net demand deposits and $2,200,000,000 in time deposits. This decrease reflected chiefly a reduction in member bank loans and investments, a decrease which amounted for the year ending December 31, 1931, to $4,300,000,000. For nonmember banks the reduction in loans and investments during the year was $2,200,000,000/ and for all banks, both member and nonmember combined, it was $6,500,000,000/ or 12r per cent. The accompanying chart, based on figures for all banks in the United States, shows the course of bank credit since 1919, with separate curves for member banks and nonmember banks. It brings out the fact that, while there was some reduction in bank credit in the last quarter of 1929 and the first quarter of 1930, it was not until the later months of 1930 that the volume of bank credit showed a rapid decline, either for member or for nonmember banks. After the middle of 1930, however, the reduction became pronounced and continuous, and after the middle of 1931 extremely rapid. During the last quarter of 1931 the reduction of $3,700,000,000/or 7r per cent, in bank loans and investments was larger than the reduction during the three preceding quarters of the year and about equal in volume to the postwar liquidation of November, 1920-March, 1922. At the end of 1931 loans and investments of all banks in the United States, amounting to $49,700,000,000/ were about $9,100,000,000r less than in the autumn of 1929 and at about the same level as in the autumn of 1925. The reduction of $9,100,000,000r in bank loans and investments from October 4, 1929, to December 31, 1931, reflected a reduction of ' Revisedlfigures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL EEPORT OF THE FEDERAL RESERVE BOARD O $10,900,000,000T in bank loans, offset to the extent of $1,800,000,000r by an increase in bank investments. The decrease in loans wTas continuous throughout the period, while the increase in investments reflected the net result of a growth of about $3,000,000,000 prior TOTAL LOANS AND INVESTMENTS BILLIONS OF DOLLARS (MILLIONS OF DOLLARS 60 I I I I I I i I I bU 55 yJ T ALL BANKS i 50 y 45 45 / ** V / r\ / **U / MEM 5ER B/\NKS or •ac 35, y ^— ^ 30 30 or n C *s NON-MEMBER BANKS^.-——*s—V 90 p>——- ?n ^^ 15 15 in 1A 0 ! ! I i i i i | I 1 i n 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 Figures beginning with June, 1920, are for all dates on which member banks made call reports; for earlier period they are for June only to September, 1931, and a subsequent decrease of more than $1,200,000,000r during the final quarter of the year. MONEY RATES Continued liquidation of bank loans during the first half of 1931 was accompanied by a further decline in short-term money rates, both in the open market and on loans made by banks directly to their customers. At the beginning of 1931 rates in the open market were already at the lowest levels in more than 20 years, and during the early months of the year they declined further to 2 per cent for commercial T Revised figures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
6 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD paper, 1){ per cent for call money, seven-eighths of 1 per cent for bankers' acceptances, and less than one-half of 1 per cent on United States Government obligations of short maturity. These levels prevailed through part of May, all of June, July, and August, and most of September, reflecting the combined effects of a limited demand for loans from borrowers of the highest credit rating, the prevalence of excess reserves at the larger and more active member banks, and a low level of indebtedness by member banks at the reserve banks, accompanied by further reductions during the first five months of the year in the discount rates of the Federal reserve banks and in their buying rates for bankers' acceptances. Throughout the summer, therefore, the cost of credit in the short-term money markets for borrowers of acceptable credit standing was low, and the possession of excess reserves by member banks reflected the inactive demand for credit from sources acceptable to the banks and a lack of confidence on the part of the banks in investment securities. These conditions prevailed for somewhat more than four months until the suspension of the gold standard in England on September 20. At that time the demand for gold from abroad and for currency at home absorbed the excess reserves of the member banks and led to a sharp increase in the volume of their borrowings at the reserve banks. CREDIT POLICY OF THE RESERVE BANKS The credit policy of the Federal reserve system in the first nine months of 1931 was directed toward the furtherance of easy credit conditions, as indicated by further reductions in rates on discounts and acceptances between January and May and by purchases of United States Government securities between May and September. During the summer reserve bank rates were at the lowest levels that have ever prevailed, the official buying rate on acceptances being at 1 per cent for the principal maturities and the discount rate of the Federal Reserve Bank of New York at V/i per cent, and at the other reserve banks between 2 and 3}{ per cent. After the middle of September, in view of the outflow of gold from the country and of currency into hoarding, the Federal reserve banks increased their rates on discounts and acceptances. The discount rate of the Federal Reserve Bank of New York was advanced by 1 per cent on October 9—from IK per cent to 2% per cent—and on October 16 to 3% per cent. Buying rates on acceptances for different maturities were advanced by one-fourth of 1 per cent on September 25, and advanced further on October 9, 13, and 16—to the level of 3% per cent for maturities up to 90 days and 3K-3K per cent for longer maturities. Between October 9 and November 14 discount rates were also advanced at other reserve banks—at Boston from 2 to 3% per cent, at Philadelphia, Cleveland, Atlanta, and Kansas City from 3 to 3% per Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD cent, at Kichmond from 3 to 4 per cent, and at Chicago, St. Louis, and San Francisco from 2% to 3% per cent. On November 20, when the gold outflow had ceased and the currency demand subsided, buying rates on acceptances of maturities up to 45 days were reduced by one-eighth of 1 per cent. The accompanying table shows the Federal reserve bank rates in effect at the beginning of 1931, during the 4-month period from May 22 to September 24, and at the end of the year. FEDERAL RESERVE BANK RATES [Per cent] In effect during period May 22- In effect Dec. 31, Sept. 24, 1931 1931 In effect Jan. 1, 1931 Date es- P R a at t e o I | t D ab a l t i e s h e e s d | - R pQa + teft tablished BUYING RATES ON ACCEPTANCES 1 1-15 days. — May 13 Nov. 20 16-45 days.._ May 19 Do. 46-90 days— do Oct. 16 91-120 days. . May 13 Do. 121-180 days. Do. DISCOUNT RATES Boston May 7 4 Oct. 17 New York May 8 4 Oct. 16 Philadelphia- May 7 4 Oct. 22 Cleveland May 9 i\ Oct. 24 Richmond May 15 | Oct. 20 Atlanta Jan. 10 i\ Nov. 14 Chicago May 9 i\ Oct. 17 St. Louis ...do-___ 4 Oct. 22 Minneapolis i\ (2) Kansas City... May 21 i\ Oct. 23 Dallas May 8 4 Oct. 21 San Francisco _ VA May 22 Do. 1 Buying rates at the Federal Reserve Bank of New York. 2 Sept. 12, 1930. EXCESS RESERVES OF MEMBER BANKS During the first half of the year, as indicated b}r the chart on page 3, increased currency demand was approximately offset by gold imports, and until June the maintenance of member bank deposits at a fairly constant level was reflected in reserve requirements that remained close to $2,300,000,000, or about the same as in the middle of 1929. Beginning with June, however, when deposits and reserve requirements decreased, and continuing through the next five months, the banks had excess reserves in considerable volume. These facts are brought out by the chart, which shows for the period 1929-1931 the reserves held by the member banks, the required reserves, and the excess reserves. The increase in excess reserves at the middle of the year, to a level in June and July above $120,000,000, was due in part to an increase in monetary gold stock that exceeded for the time being the growth in currency demand. An offsetting Digitized for FRA1S2E5R55 4—32 2 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
8 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD influence at that time, which tended to reduce member bank reserve balances, was liquidation of dollar acceptances held in this country by foreign central banks and deposit of the proceeds with the reserve banks. This operation results in a transfer of funds from the market to the reserve banks and tends to increase the demand for reserve bank credit. The transfer of funds from the market to the reserve banks, however, which began in the middle of June, did not result in increasing member bank indebtedness and, therefore, tightening credit ALL MEMBER BANKS MILLIONS OF DOLLARS MILLIONS OF DOLLARS 2500 2500 Ik Reserves Held 2400 \ 2400 2300 2300 V M RequiredReserves 2200 2200 \\ 2100 \ 2100 2000 2000 ExcessReserves 100 ^ 100 1 . .. i . . , . . l . . . 1929 1930 1931 Monthly averages of daily figures conditions, for the reason that it was offset by the purchase of United States Government securities by the reserve banks. COMPOSITION OF RESERVE BANK CREDIT During the period of transfers of funds from the market to the reserve banks by foreign correspondents in June, the reserve banks purchased $60,000,000 of United States Government securities, and in a similar situation in August they made additional purchases of securities, bringing the total holdings of the system to $725,000,000. This amount was maintained until near the end of the year, except Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL KEPORT OF THE FEDERAL RESERVE BOARD 9 for temporary increases at the time of Treasury financing periods in September and December. At the end of 1931 reserve bank holdings of United States Government securities amounted to $800,000,000 and showed an increase for the year, as measured by monthly average figures, of $133,000,000, which compares with an increase of $436,- 000,000 in bills discounted, $83,000,000 in acceptances, and $25,000,000 in other reserve bank credit. The figures are given in the accompanying table, which also shows separately the changes during the first three quarters of the year and during the final quarter. The accompanying U. S.GOVERNMENT SECURITIES HELD BY FEDERAL RESERVE BANKS MILLIONS OF DOLLARS MILLIONS OF DOLLARS 900 900 800 800 700 100 1928 1929 1930 Figures are for Wednesdays; no separate lines are shown for 1-day Treasury certificates or for Government securities bought under resale agreement, both of which are included in the total chart shows by weeks the course of reserve bank holdings of United States Government securities during the period 1928-1931, with separate curves for United States Government securities held in the "System investment account/' through which system policy in respect to open-market operations is chiefly expressed, and those held by individual reserve banks, which usually vary in amount in accordance with adjustments by the individual reserve banks to local or temporary conditions. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
10 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD COMPOSITION OF RESERVE BANK CREDIT [Monthly averages of daily figures. In millions of dollars] Ch£inge between- Decem- Decem- Septem- Decem- Decem- Septem- ber, 1930, ber, 1930 ber, 1931 ber, 1931 ber, 1930, ber, 1931, and Deand Sep- and Detember, cember, cember, 1931 1931 1931 Bills discounted 338 280 774 -58 +494 +436 Bills bought 257 259 340 +2 +81 +83 United States Government securities 644 736 111 +92 +41 +133 Other reserve bank credit... 34 38 59 +4 +21 +25 Total reserve bank credit 1,273 1,313 1,950 +40 +637 +677 INTERNATIONAL GOLD MOVEMENTS The movement of gold to the United States during the first half of 1931 was similar to that which characterized the year 1930. Except for an import of $20,000,000 of gold from France in April, practically no gold flowed between this country and Europe. The bulk of the imports was from Canada, Latin America, and the Far East, and reflected the continued fall in raw material prices and the pressure of foreign indebtedness. Up to the middle of June about $230,000,000 was added to the monetary gold stock of the United States. In the next three months $190,000,000 more gold was added to United States stock. Although the movement from Canada, Latin America, and the Far East continued, by far the largest receipts during this second period were from Germany. Following the threatened collapse in May of the Credit Anstalt—the largest bank in Austria—confidence in the banking situation in Central Europe was impaired. Early in June the withdrawals of foreign funds from Germany assumed substantial proportions. The Reichsbank lost $230,000,000 of gold in the first three weeks, in addition to large amounts of foreign exchange. About one-half of this gold was transferred directly or indirectly to the Federal reserve banks. After the withdrawals from Germany subsided, with the introduction of exchange control in that country, withdrawals of foreign balances from London began on a large scale. During the first half of 1931 the British gold stock, like that of the United States, had been increasing. There had been a constant flow of gold to England from the mines of the Transvaal, Rhodesia, and West Africa; and a substantial amount in the aggregate had come from South America, the Straits Settlements, and Australia. Early in the year there were losses to France and Belgium; but from the end of January to the middle of July gold reserves of the Bank of England increased by $120,000,000. In the last two weeks of July the movement was reversed and $155,000,000 of gold flowed out— Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 11 mostly to France, Netherlands, and Belgium. Temporarily the loss of gold was stopped by the purchase of $125,000,000 of sterling bills by the Federal reserve banks and an advance of $125,000,000 to the Bank of England by the Bank of France, followed later in August by a credit to the amount of $400,000,000 granted to the British Government by private interests in France and the United States. These measures were, however, insufficient to meet the continued withdrawal of funds, and on September 21 the Bank of England was relieved by law of its obligation to redeem its notes in gold. Suspension of the gold standard in England not only tended to immobilize foreign balances still held in London but also to impair confidence in such balances held elsewhere and to cause European banks to convert large portions of their foreign funds, into gold. Since a large part of the realizable short-term foreign balances of the world was held in the United States, it was largely upon this country that this movement then concentrated. As a consequence, the United States lost $725,000,000 of gold from the middle of September to the end of October. About three-fifths of this gold was taken by France, and the bulk of the remainder by Belgium, Switzerland, and Netherlands. These were the countries which previously had been drawing heavily upon the Bank of England's reserves, and which continued to draw gold from the London bullion market when the bank itself ceased to pay out gold. To a considerable extent the movement reflected the desire of the central banks in these countries to increase their metallic reserves with a view to showing a stronger gold position. In the final two months of 1931 the general movement of the first of the year was resumed, and gold stock in the United States rose as a result of shipments from Canada, Latin America, and the Far East. The flow from these areas had in fact never ceased; but from the middle of September through October the shipments to Europe had been much larger than the receipts from other parts of the world. In November and December, however, exports to Europe practically ceased, while shipments from Japan, which was endeavoring to maintain the gold standard, were in heavy volume. Even after Japan abandoned the gold standard on December 13, Japanese gold continued to arrive at San Francisco. In these two months the monetary gold stock of the United States increased by $170,000,000. During 1931 as a whole, the monetary gold stock of the United States decreased by about $135,000,000. Central gold reserves in Germany declined by $290,000,000; in England, by $130,000,000; in Argentina, by $160,000,000; and in Japan, by $180,000,000. Meanwhile central gold reserves in France grew by $600,000,000; and in Switzerland, Netherlands, and Belgium there was an aggregate increase of $665,000,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
12 ANNUAL REPOKT OF THE FEDERAL RESERVE BOARD The reported central gold reserves of the world as a whole showed a net increase for 1931 of about $335,000,000. If allowance is made for gold in transit between central banks and for gold pledged as collateral for loans and thus temporarily removed from central gold reserves, the figure of the increase during the year is nearer $450,000,000. This figure compares with $440,000,000, the output from the world's gold mines, and an additional $275,000,000 representing the indicated release of gold from private holdings in China, Russia, and India. Proi3ably not more than $45,000,000 of this total of $715,000,000 was taken for industrial uses in 1931. The remaining difference between the amount of gold coming from the mines and from private holdings in the East and the amount added to central gold reserves is nearly $220,000,000, and represents largely gold absorbed in commercial bank and other private holdings during the year—for the most part in European centers at the time of the international financial crisis. CREDIT AGREEMENTS WITH FOREIGN CENTRAL BANKS On several occasions during 1931 the Federal Reserve Bank of New York, in association with other Federal reserve banks and with the approval of the Federal Reserve Board, entered into agreements with foreign central banks to purchase from them up to specified amounts prime commercial bills bearing their guarantee of repayment in gold. Such agreements were made on May 30 with the Austrian National Bank, which at the same time entered into credit agreements with the Bank for International Settlements and 10 European central banks; on June 19 and July 8 with the National Bank of Hungary, which on the same dates entered into agreements with the Bank for International Settlements and a number of European central banks; on June 26 with the Reichsbank, which at the same time entered into agreements with the Bank for International Settlements, the Bank of England, and the Bank of France; and on August 1 with the Bank of England, which at the same time also entered into an agreement with the Bank of France. The Austrian credits, originally aggregating about $14,070,000, including $1,083,000 for the Federal reserve banks, were renewed for about seven weeks on August 30, and after reduction by 10 per cent on September 16 were again renewed on October 16 for three months in the amount of $12,660,000, including $975,000 for the reserve banks; the Hungarian credits, originally aggregating about $10,000,000, including $2,000,000 for the Federal reserve banks, and later increased to about $21,000,000, including $5,000,000 for the reserve banks, were renewed for three months on September 18 in the reduced total amount of $16,800,000, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 13 and renewed again for one month on December 18 in the reduced total amount of $16,570,000, including in both instances $4,000,000 for the Federal reserve banks. The Reichsbank credits, which were for $100,000,000, including $25,000,000 for the Federal reserve banks, were originally for a period of three weeks, but were renewed on July 16, and again renewed—for three months—on August 6 and November 4. The Bank of England credits, originally for $250,000,000, including $125,000,000 for the Federal reserve banks, were renewed for three months on October 31 in the reduced total amount of $150,000,000, including $75,000,000 for the Federal reserve banks. Reserve-bank holdings of bills payable in foreign currencies, which represent largely purchases of bills in accordance with agreements made with foreign central banks, were reduced during the first quarter of the year from $36,000,000 at the end of December, 1930, to $1,063,000 at the end of March, 1931. They remained at about this level in April and May. In June they increased to $10,551,000, in July to $34,371,000, and in August to $145,215,000. During September they declined to $48,804,000 and during October to about $33,000,000, at which level they remained throughout the rest of the year. DETAILS OF OPERATION In the preceding pages there has been presented a brief discussion of business and banking developments in 1931 and of the policies pursued by the Federal reserve system during the year. In the following sections of this report there is given a more detailed account of the operations of the Federal reserve banks and branches and of administrative matters with which the Federal Reserve Board has dealt during 1931. EARNINGS, EXPENSES, AND VOLUME OF WORK OF THE FEDERAL RESERVE BANKS Gross earnings of the Federal reserve banks in 1931 amounted to $29,701,000, or $6,723,000 less than in 1930, and were lower than in any preceding year since 1917. After deducting current expenses of $27,040,000—somewhat less than the previous year—and adjustments for depreciation on bank premises, reserves for losses, etc., there remained net earnings of $2,972,000. Earnings, expenses, dividend payments, etc., for all Federal reserve banks combined for 1931 and 1930 are shown in the following table: Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
14 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS DURING 1931 AND 1930 [In thousand of dollars] 1931 1930 Total earnings 29, 701 36,424 Current expenses.. 27, 040 28, 343 Current net earnings. 2,661 8,081 Additions (profits on sales of United States Government securities, etc) _ 3,187 3,475 Deductions (depreciation and other reserves, etc) 2,876 3,568 Net additions to current net earnings.. 311 -93 Net earnings 2,972 7,988 Dividends paid 10,030 10,269 Charged to surplus 1 7,058 2,298 Franchise tax paid to United States Government-. 17 1 Not including a depreciation reserve on United States bonds of $8,158,000 charged direct to surplus. The reduction in gross earnings in 1931, notwithstanding an increase of $194,000,000 in the daily average holdings of bills and securities, was clue to the decrease from 3.25 to 2.20 per cent in the average rate of earnings on bills and securities. The average rate of earnings on each class of earning assets showed a substantial decline during the year, the average rate on discounted bills declining from 3.93 per cent in 1930 to 3.01 per cent, on bills bought in the open market from 2.85 to 2.04 per cent, and on United States Government securities from 3.06 to 1.86 per cent. Average daily holdings of discounted bills, bills bought in open market, United States Government securities and other bills and securities, together with average rates and amounts earned on each, are shown for recent years in the following table: EARNINGS ON BILLS AND SECURITIES [Amounts in thousands of dollars] Bills and securities held by all Federal reserve banks Year Total B co il u ls n t d e i d s- i b m n o B a u o i r l g k p l h s e e n t t m G c U S u e o n t r n v a i i t t e t t i e e r e s n s d e s - - s A b e i l c l l l u s r o i a t t h i n e e d s r Daily average holdings: 1927 1,124, 538 442,287 263,258 417,480 1,513 1928 _ .. . _ . 1,467, 371 839,942 327,806 297,499 2,124 1929. .. . 1, 413, 058 950, 580 241,399 207, 659 13,420 1930 1, 056, 895 271, 727 213,201 563,672 8,295 1931 1, 251, 058 326, 217 245, 260 669, 013 10, 568 Average rate of earnings (per cent): 1927 3 60 3.83 3.49 3.41 3.88 1928 . _ 4.24 4.56 3.97 3.64 4.34 1929 4.86 5.03 5.00 3.93 4.94 1930 3.25 3.93 2.85 3.06 4.09 1931. 2.20 3.01 2.04 1.86 2.90 Earnings: 1927 40,482 17,011 9,207 14, 206 58 1923 62, 275 38, 334 13,021 10, 828 92 1929 68,683 47, 791 12,064 8,165 663 1930 34 365 10,672 6,081 17, 273 339 1931 27, 565 9, 821 5, 010 12, 428 306 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 15 Current expenses of the Federal reserve banks in 1931 were $27,040,- 000, or $1,303,000 less than in 1930. Reductions were effected in most of the items of expenditure, the principal reductions occurring in the cost of printing, issuing, and redeeming Federal reserve notes, and in expenditures for salaries, insurance, postage, and assessments for Federal Reserve Board expenses. The average number of officers and employees decreased from 9,797 in 1930 to 9,426 in 1931, and there was some falling off in the volume of work handled in the principal departments of the banks except in the discount departments, where the volume of work increased materially during the latter part of the year, and in the fiscal agency departments. The volume of work handled in the principal departments of the banks during each of the past four years was as follows: VOLUME OF OPERATIONS IN PRINCIPAL DEPARTMENTS 1928 1929 1930 1931 NUMBER OF PIECES HANDLED 1 Bills discounted: Applications _ 123, 000 145, 000 99, 000 113, 000 Notes discounted 443,000 526, 000 415, 000 513, 000 Bills purchased in open market for own account 251,000 196, 000 208, 000 221, 000 Currency received and counted 2, 270, 555, 000 2, 427, 330, 000 2, 441, 989, 000 2, 269, 292, 000 Coin received and counted 2, 929, 091, 000 3, 239, 709, 000 3, 325, 555, 000 2, 900, 462, 000 Checks handled 887, 997, 000 924, 449, 000 904, 975, 000 864, 615, 000 Collection items handled: United States Government coupons paid. 28, 765, 000 20, 935, 000 19, 362, 000 17, 322, 000 JU1 other. 6, 461, 000 6, 504, 000 6, 388, 000 6, 927, 000 United States Government securities—issues, redemptions, and ex- j changes by fiscal agency depart- j ment 6,682, 000 1, 833, 000 1, 417,000 2, 435, 000 Transfers of funds 2, 011, 000 2,139, 000 1, 868, 000 1, 663, 000 AMOUNTS HANDLED Bills discounted- $62, 412, 961, 000 $60, 747,124, 000 $14, 067,117, 000 $14, 555, 590, 000 Bills purchased in open market for own account 4, 240, 669, 000 3, 587, 478, 000 3, 873, 698, 000 2, 998, 415,000 Currency received and counted 13, 315, 551, 000 14, 782, 429, 000 14, 262, 809, 000 12, 668, 638, 000 Coin received and counted 451,125, 000 478, 219, 000 537, 534, 000 585, 945, 000 Checks handled 301, 703, 814, 000 367, 215,123, 000 324,883, 021, 000 248,172, 956, 000 Collection items handled: United States Government cou- 543, 373, 000 535, 612, 000 499, 111, 000 479, 960, 000 All other. 7, 414, 440,000 7,185, 384, 000 7, 528, 014, 000 7, 321, 814, 000 United States Government securities—issues, redemptions, and exchanges by fiscal agency department 9, 002, 383, 000 7, 018, 844, 000 7, 245,189, 000 17,543, 480,000 Transfers of funds— 148, 749, 027, 000 170, 789, 669, 000 198,880, 880, 000 162, 095, 081, 000 1 2 or more checks, coupons, etc., handled as a single item, are counted as 1 "piece." None of the Federal reserve banks reported sufficient net earnings to pay accrued dividends in full, and four Federal reserve banks— Boston, Richmond, St. Louis, and Kansas City—reported an excess of expenses over income. Accordingly, dividends of all Federal reserve banks were paid entirely or in part out of surplus. In addition, a reserve for depreciation on United States bonds in the amount of $8,158,000 was charged direct to surplus account. The surplus of the 12 Federal reserve banks combined after the closing of the books at Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
16 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD the end of the year amounted to $259,420,000, a net reduction for the year of $15,216,000. The total subscribed capital of the Federal reserve banks at the end of 1931 amounted to $321,000,000, against $339,280,000 the year before. Gross and net earnings during the year and the distribution of net earnings of each Federal reserve bank are shown in the following table: FINANCIAL RESULTS OF OPERATIONS OF THE FEDERAL RESERVE BANKS DURING 1931 Excess of Reserve for expenses depreciation and divi- on United Federal reserve bank Gro i s n s g e s arn- Ne i t n e g a s rn- Div p i a d i e d nds m de e n n d ts p o a v y e - r b S o t n at d e s s , | c e h a a r r n g i e n d g s t , o d c i h r a e r c g t e t d o surplus surplus Boston $1,800,619 -$140,230 $709,139 $849,369 $410,783 New York 7,555,213 1,532,081 3,891, 599 2,359, 518 3,138, 747 Philadelphia.. 2,714,016 884,172 1,004,836 120, 664 458, 716 Cleveland 3,038, 083 78, 545 936, 513 857,968 473, 331 Richmond 1,389,086 -156,646 340,360 497,006 133,767 Atlanta 1,448,835 313,247 313,247 95,405 Chicago 4,143, 601 609,895 1,170, 633 560, 738 964,743 St. Louis 1,188, 631 —61, 263 289,409 350, 672 186,470 Minneapolis. _ 936, 604 45,805 180,455 134, 650 653,001 Kansas City.. 1, 555, 084 -185,486 253, 621 439,107 138,274 Dallas 1, 213,987 111,982 254, 878 142, 896 1,168,455 San Francisco 2,717, 520 253,211 685, 070 431,859 336, 576 Total... 29,701, 279 2,972, 066 10,029, 760 7,057, 694 8,158, 268 BUILDING OPERATIONS OF FEDERAL RESERVE BANKS The building for the use of the Pittsburgh branch, construction of which was begun in 1930, was completed in 1931 and occupied on December 14. The addition to the building of the Federal Reserve Bank of Richmond was also completed during the year. At the end of 1931 all Federal reserve banks were housed in buildings owned by them, as were also all Federal reserve branches except those at Cincinnati, Charlotte, Portland, Seattle, and Spokane. BRANCHES AND AGENCIES OF FEDERAL RESERVE BANKS The 25 branches and 2 agencies of the Federal reserve banks which were in operation at the end of 1930 continued to function throughout 1931. As was the case with the system as a whole, the volume of work handled by the branches and agencies in their principal operating departments fell off somewhat in 1931. The following table shows a comparison of the volume of work handled in certain departments during the years 1928, 1929, 1930, and 1931: Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL EEPORT OF THE FEDERAL RESERVE BOARD 17 VOLUME 1 OF OPERATIONS OF FEDERAL RESERVE BRANCHES AND AGENCIES 1928 1929 1930 1931 Checks handled: Number 268,814,000 277, 778, 000 265,300,000 245, 416, 000 Amount $68, 273,066,000 $72,034,805,000 $62,834,956,000 $48,079,197, 000 Currency received and counted: Number of pieces 535,352, 000 594,449, 000 581,697,000 522,933,000 Amount $2,939,837,000 $3,259,688,000 $3,106,716,000 $2,565,552,000 Coin received and counted: Number of pieces 453,200,000 466,152,000 572,611,000 593,425,000 Amount $67, 949, 000 $75,846, 000 $84,394, 000 $72,550,000 *2 or more checks, etc., handled as a single item, are counted as one. Current expenses during 1931 of the branches and agencies amounted to $5,703,000, as compared with $5,987,000 during 1930. CHANGES IN MEMBERSHIP During the year 1931 the number of member banks decreased from 8,050 1 to 7,246, a net reduction of 804 for the year, as compared with a net reduction of 472 the year before. Membership at the end of 1931 included 6,368 national and 878 State banks, representing decreases of 663 and 141, respectively, for the year. As in other recent years, the decrease in the number of member banks resulted largely from suspensions, mergers between member banks, and absorptions by nonmember banks. The number of nonmember banks decreased during the year by 1,995—from 14,717 at the end of 1930 to 12,722 at the end of 1931. Additions to membership during the year may be classified as follows: 15 newly organized national banks, 7 nonmember State banks converted into national banks, 23 State banks admitted to membership, and 31 previously suspended member banks that reopened during the year. In addition, 197 nonmember banks were absorbed by member banks, thereby increasing the assets but not the number of member banks. Mergers between member banks account for a decrease of 209 in the number of such banks in 1931, and suspensions for a decrease of 517 member banks. A total of 125 member banks were lost to membership through conversion into or absorption by nonmember banks, 20 through voluntary withdrawals of State banks from membership, and 9 through voluntary liquidation. At the end of 1931 member bank loans and investments constituted approximately 77 per cent of the total loans and investments of all commercial banks (i. e., exclusive of mutual savings banks), as compared with 75 per cent a year earlier and 73 per cent at the end of 1929. Changes in membership for the year 1931 are summarized in the following table: 1 Exclusive of 2 banks that suspended at end of 1930 but which were included in the comptroller's Dec* Digitized f3o1r, F19R30A, SabEsRtra ct. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
18 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD CHANGES IN THE NUMBER OF NATIONAL AND STATE BANK MEMBERS DURING 1931 AND 1930 1931 Total for National State Total 1930 Active member banks at beginning of year 1 7,031 1,019 1 8,050 8,522 Additions to membership:2 Organization of national banks 15 15 33 Conversion of nonmember banks to national 7 35 Admission of State banks _. _ 23 23 18 Resumptions following suspension 25 6 31 7 Conversions within the system 1 Total additions 2 48 29 76 93 Decreases in membership: Merger between member banks— National and national, or State member and State member 151 17 168 158 National and State member 26 15 41 41 Voluntary liquidation (terminal) 8 1 9 4 Suspensions 409 108 517 187 Absorption of member banks bv nonmember banks 98 8 106 109 Conversion of member banks to nonmember banks 19 19 25 Withdrawal of State banks 20 20 3 41 Conversions within the system 1 Total decreases 711 170 880 565 Net decrease 663 141 804 472 Active member banks at end of year 6,368 878 7,246 1 8,050 1 Exclusive of 2 banks that suspended at end of 1930 but which were included in the comptroller's Dec. 31, 1930, abstract. 2 Exclusive of 197 nonmember banks absorbed by member banks in 1931 and 165 in 1930, which increased the assets but not the number of member banks. 3 Includes 2 compulsory withdrawals. BANK EXAMINATIONS The board, through its division of examinations, conducted one examination of each Federal reserve bank during the year. Two banking corporations organized under the provisions of section 25 (a) of the Federal reserve act, generally referred to as the Edge Act, to engage in foreign and international banking business, were examined during the year. Two banking corporations organized under State law to do a foreign banking business and operating under agreement with the board, as provided in section 25 of the Federal reserve act, were also examined during the year. BANK SUSPENSIONS A total of 2,298 banks (and 242 branches operated by 95 of such banks) suspended operations during 1931, with aggregate deposits of $1,691,510,000, as compared with 1,345 banks in 1930 with deposits of $864,715,000 and 956 in 1926 with deposits of $272,488,000, the previous peak years of bank suspensions. Of the 2298 banks that ; suspended during the year 1931, 409 were national banks with deposits of $439,171,000, 108 were State bank members of the Federal reserve system with deposits of $294,357,000, and 1,781 were nonmember banks with deposits of $957,982,000. During the year 276 suspended banks with deposits of $158,187,000 resumed operations, of which 25 with deposits of $26,182,000 were national banks, and 6 with deposits Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOADR 19 of $27,762,000 were State bank members. The following table shows the number, capital, and deposits of suspended and reopened banks, by years, since 1921: BANKS SUSPENDED AND REOPENED, 1921-1931 [Capital and deposits in thousands of dollars] Banks suspended Banks reopened Year Number Capital Deposits Number Capital Deposits 1921 501 22,802 196, 460 60 1,918 17,493 1922 354 13,743 110,721 65 4,003 35,565 1923 648 21, 943 188, 701 37 1,516 11, 674 1924 .. 776 28, 358 213, 338 94 2,815 22,462 1925 612 24, 441 172, 900 62 1, 994 16, 618 1926 956 32,804 272, 488 149 5,134 60, 610 1927 ._ . 662 24, 763 193,891 95 3,906 35, 729 1928 491 19, 715 138, 642 39 1, 540 15, 727 1929 . - . 642 32,254 234, 532 58 3,052 25, 829 1930... 1,345 111, 643 864, 715 147 6,802 61, 599 1931 2,298 208,120 1, 691, 510 276 19,102 158,187 The greatest proportionate increase in bank suspensions in 1931 as compared with previous years was reported for the North Central, Middle Atlantic, and New England States, as may be seen from the following table, which shows the number of bank suspensions, by geographic divisions, in 1931, in 1930, and from 1921 to 1929, together with a yearly average for the latter period: Number of bank suspensions 1921-1929 1931 1930 Yearly Total for average 9 years New England States 33 13 2 16 Middle Atlantic States 250 32 9 82 North Central States __ 611 286 50 449 South Mountain States 152 87 21 188 Southeastern States 245 276 103 929 Southwestern States. _. __ _ _. 174 201 77 694 Western Grain States 717 413 291 2 620 Rocky Mountain States . 62 25 59 534 Pacific Coast States.._ _ „_ 54 12 15 130 Total, United States .. . _ 2,298 1,345 627 5,642 The average size of banks that suspended in 1931 was larger than in any of the previous 10 years, 23.7 per cent of the banks that suspended in 1931 having had a capital stock of $100,000 or more, compared with 15. 8 per cent in 1930 and 9.7 per cent during the 9-year period 1921-1929. The increase in the average size of banks that suspended in 1931 was due chiefly to the fact that a relatively larger number of suspensions was in the larger towns and cities. Percentages of bank suspensions, according to capital of the banks and Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
20 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD population of the places where the suspensions occurred, are shown in the following table: BANK SUSPENSIONS, BY SIZE OF BANK AND SIZE OF TOWN Per cent of total number Per cent of total number Banks with a capital of bank suspensions Banks located in places of bank suspensions of— with population of— 1931 1930 1921-1929 1931 1930 1921-1929 $100,000 and over 23.7 15.8 9.7 25,000 and over 13.7 9.2 5.2 $50,000 and over 43.6 32.2 27.2 10,000 and over 19.5 13.4 8.4 5,000 and over 25.6 17.9 12.6 $25,000 and over 75.5 64.6 59.0 1,000 and over.. 53.5 46.4 39.5 Less than $25,000. 24.5 35.4 41.0 Less than 1,000 46.5 53.6 60.5 BANK CONSOLIDATIONS Bank consolidations in 1931 were more numerous than in any previous year, 812 banks having been absorbed by other banks during the year. Of these 812 banks, 315 were members of the Federal reserve system and 497 were nonmember banks. Of the 315 member banks that went out of existence as separate institutions through consolidation, 209 were absorbed by other member banks and their absorption, therefore, did not affect the banking resources in the Federal reserve system. Member banks absorbed by nonmember banks numbered 106, as compared with 197 nonmember banks absorbed by member banks. The total decrease during the year in the number of banks in the United States was 2,803, and the number in operation at the end of the year was 19,966. Following is a classification of the banks absorbed during 1931 and 1930 through consolidation with other banks: BANK CONSOLIDATIONS—NUMBER OF BANKS ABSORBED BY OTHER BANKS 1931 1930 Total number of banks absorbed by other banks. 812 (0 National banks absorbed—total 275 261 By other national banks. 151 143 By State bank members. 26 22 By nonmember banks 98 96 State bank members absorbed—total- 40 47 By other State bank members.. 17 15 By national banks 15 19 By nonmember banks 8 13 All member banks absorbed—total. 315 308 By other member banks 209 199 By nonmember banks 106 109 Nonmember banks absorbed—total_ 497 0) By national banks.. 140 2 135 By State bank members 57 2 30 By other nonmember banks.. 300 1 Complete figures of nonmember banks absorbed are not available. Digitized for F 2 RFiAgSurEesR fo r 1930, of nonmember banks absorbed by member banks,[are probably somewhat incomplete. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 21 BANKS ON PAR LIST At the end of 1931 there were 16,427 banks on the Federal reserve par list, which comprises all member banks and such nonmember banks as have agreed to pay, without deduction of exchange charges, such checks drawn upon them as are presented or forwarded for payment by the Federal reserve banks. During the year the number of nonmember banks on the par list decreased by 1,775—largely as the result of the reduction in the number of banks in operation—and the number not on the par list by 230. Of the 3,207 banks not on the par list at the end of 1931, 1,753 were located in the Southern and 1,329 in the West North Central States and the adjoining State of Wisconsin. As will be seen from the following table, all of the banks in the Boston, New York, and Philadelphia districts and all but 6 in the Cleveland district were on the Federal reserve par list: MEMBERSHIP IN PAR-COLLECTION SYSTEM [Number of banks at end of December] Nonmember banks Member banks On par list Not on par list * 1931 1930 1931 1930 1931 1930 United States 7,246 2 8, 050 9,181 10, 956 3,207 3,437 Boston. . _ _ 373 396 234 260 New York 841 914 340 395 Philadelphia 715 753 358 451 Cleveland 655 757 792 936 6 9 Richmond . 403 470 445 523 381 441 Atlanta 349 390 150 186 792 862 Chicago _ . _ _ 903 21,079 2,586 3,200 248 238 St Louis 465 513 1,240 1,404 405 417 Minneapolis _ 579 642 386 497 881 1,007 Kansas City 824 871 1,633 1,917 216 191 Dallas 617 684 468 572 223 211 San Francisco. 522 581 549 615 55 61 1 Figures cover all incorporated banks (other than mutual savings banks). 2 Exclusive of 2 banks that suspended at the end of 1930 but which were included in the comptroller^ Dec. 31, 1930, abstract. TRUST ACTIVITIES OF NATIONAL BANKS The Federal Reserve Board in 1931 approved 41 original and 7 supplementary applications by national banks for permission to exercise fiduciary powers under the provisions of section 11 (k) of the Federal reserve act. Two thousand three hundred and twentynine national banks were holding fiduciary permits on December 31, 1931, representing 36.5 per cent of the number of national banks in operation on that date. Three national banks during the year surrendered their right to exercise trust powers, under the provisions of section 11 (k) of the Federal reserve act as amended June 26, 1930. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
22 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD A list of national banks holding permits to exercise trust powers on December 31, 1931, will be found on pages 261-284. CHANGES IN THE BOARD'S REGULATIONS The only change made by the board during the year in its regulations applicable to member banks was in its regulation G governing the rediscount by Federal reserve banks of notes secured by adjusted service certificates issued under the provisions of the World War adjusted compensation act. Section 502 of this act was amended by act of Congress of February 27, 1931, so as to provide that the loan basis of an adjusted service certificate should at no time be less than 50 per cent of its face value and also that the rate of interest on any such loan should in no event exceed 4K per cent per annum compounded annually; and on March 2, 1931, the board amended its regulation G so as to conform to the law as thus amended. The complete text of this regulation will be found on page 222. ADMINISTRATION OF THE CLAYTON ANTITRUST ACT During the year 1931 the board received and considered the applications of 300 persons for permission to serve at the same time as director, officer, or employee of more than one bank or trust company, in accordance with the provisions of section 8 of the Clayton Antitrust Act. The Comptroller of the Currency reported 662 apparent violations of this law, and where violations were found to exist the persons and banks involved were required to conform to the law. MEETINGS OF FEDERAL ADVISORY COUNCIL Four meetings of the Federal advisory council were held in Washington during 1931 on the following dates: February 17, May 19, September 15, and November 17. CONFERENCES HELD BY THE FEDERAL RESERVE BOARD The Federal Reserve Board, as usual, conferred with the Federal advisory council at each of its meetings during the year. The governors of the Federal reserve banks met in Washington on April 27 and on November 30. At both conferences sessions were held at which the board was in attendance. ORGANIZATION, STAFF, AND EXPENDITURES Mr. George R. James, of Tennessee, whose term of office as a member of the Federal Reserve Board expired on April 27, 1931, was reappointed by the President for a 10-year term. Mr. Wayland W. Magee, of Nebraska, was appointed by the President on May 5, 1931, as a member of the Federal Reserve Board, to Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 23 fill the vacancy created by the death, on November 28, 1930, of Mr. Edward H. Cunningham. Mr. Floyd R. Harrison was appointed assistant to the governor of the Federal Reserve Board on September 16, 1931. Mr. Chester Morrill was appointed secretary of the Federal Reserve Board on October 7, 1931, to fill the vacancy created by the resignation, on May 31, 1931, of Mr. Walter L. Eddy. The total cost of conducting the work of the board during the year 1931 was approximately $744,275. Two assessments were levied against the Federal reserve banks, aggregating $718,552.77, or less than one-sixth of 1 per cent of their average paid-in capital and surplus for the year. 125554—32 3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEDERAL RESERVE BANK CREDIT 25 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RESERVE BANK CREDIT AND FACTORS IN CHANGES No. 1.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, ANNUAL AVERAGES, 1918-1931 [Averages of daily figures. In millions of dollars] Factors of Reserve bank credit outstanding decrease* Factors of increase * United Mem- Year co B d u i i n l s l t - s ed bo B u il g ls ht G S s m o i e t t v a c e ie u t e n e s r r t s n - -r c O e b r s e a t e h d n r e k i v t r e 2 Total M s t g t a o o o r l n c y d k e- u T j r r u e y r a s n e d t c a c e - u y s d r - - M in c t o u io l c n a n i e r - y - re a b b s n b a e a c e n r l e r k - v s e i d t m N s e b , e p o e e m o n r t s - c - - . c p U f a e u n p n n e i d d t x e a s - d l 1918-_ 1,134 287 134 '168 1,723 3,158 1,477 4,658 1,497 108 95 1919 1,906 324 254 141 2,625 3,129 1,251 5,016 1,719 115 155 1920. 2,523 385 324 158 3,390 2,869 1,401 5,478 1,835 67 280 1921 1,797 91 264 46 2,198 3,291 1,501 4,950 1,671 28 341 1922 571 159 455 41 1,226 3,802 1,604 4,535 1,781 30 286 1923 736 227 186 56 1,205 4,061 1,736 4,822 1,873 27 280 1924__ 372 172 402 50 996 4,439 1,757 4,879 2,023 27 263 1925. 481 287 359 68 1,195 4,381 1,755 4,869 2,167 31 264 1926 568 281 350 59 1,258 4,452 1,743 4,932 2,209 28 284 1927-. 442 263 417 53 1,175 4,564 1,774 4,892 2,290 31 300 1928- 840 328 297 40 1,505 4,206 1,783 4,783 2,355 29 327 1929- 951 241 208 59 1,459 4,283 1,785 4,763 2,358 30 376 1930 272 213 564 38 1,087 4,460 1,781 4,532 2,379 28 389 1931... 326 245 669 34 1,274 4,704 1,774 4,959 2,323 97 373 * For explanation see Federal Reserve Bulletin for July, 1929, pp. 432-438. 'Includes Government overdrafts in 1918,1919, and 1920; see Table 6. 27 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
28 AHKITAL REPORT OF THE FEDERAL RESERVE BOARD No. 2.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, MONTHLY AVERAGES, 1917-1931 [Averages of daily figures. In millions of dollars] Reserve bank credit outstanding F d a e c c t r o e r a s s o el f Factors of increase1 Mem- Month co B d u i i n l s l t - s edb B ou il g ls ht c O s b r t e a r e r h e d n v e - i k e r t2 Total M e s g t t o o a o l c r n d y k - T r u e c u r a s n u e r d t a y r c e - - y s d - M i c n t o u i o n l c a n i e - r y - a s b b e n b a r r a c e e n v l - e r k - e s m p N e b o d e o t e s e c m n i r - . t - s - , U p f c u e t a e n n a n p d e l d d i x s - - - 1917—August .___ 134 455 3,183 1,593 4,001 1,141 September 181 521 3,152 1,634 4,061 1,130 October 320 737 3,151 1,627 4,152 1,243 November 563 1,005 3,153 1,558 4,203 1,409 December 683 1,173 3,153 1,559 4,342 1,439 1918—January 612 143 1,170 3,152 1,563 4,306 1,467 February 529 141 1,143 3,159 1,589 4,280 1,468 63 March 537 315 140 1,263 3,162 1,583 4,373 1,466 85 April 751 313 144 1,381 3,163 1,563 4,423 1,504 95 May 897 278 151 1,412 3,163 1,521 4,401 1,482 126 Jane 939 239 279 1,554 3,162 1,471 4,448 1,512 138 July 1,162 208 196 1,631 3,161 1,392 4,520 1,448 124 August 1,333 217 147 1,750 3,157 1,439 4,666 1,459 126 September 1,604 249 153 2,073 3,156 1,411 4,911 1,507 121 October 1,683 354 195 2,355 3,151 1,402 5,134 1,539 130 November 1,760 374 152 2,416 3,155 1,378 5,183 1,520 131 December 1,765 346 166 2,491 3,156 1,418 5,243 1,586 117 1919—January. 1,731 150 2,359 3,160 1,400 5,050 1,635 118 February 1,765 116 2,341 3,162 1,286 4,932 1,612 114 March 1,863 161 2,480 3,161 1,207 4,942 1,652 123 April 1,920 111 2,451 3,166 1,277 4,970 1,656 126 May 1,976 107 2,498 3,176 1,233 4,941 1,686 135 June. 1,840 144 2,467 3,169 1,231 4,891 1,696 133 July. 1,864 128 2,599 3,087 1,207 4,896 1,719 121 August 1,798 119 2,559 3,114 1,248 4,913 1,740 104 September 1,776 168 2,636 3,143 1,254 1,769 108 October 2,068 140 2,847 3,120 1,209 5,106 1,793 99 November.... 2,140 136 3,038 3,070 1,230 5,208 1,837 97 December 2,115 212 3,203 3,021 1,239 5,342 1,820 100 1920—January 2,136 570 3,205 2,961 1,256 5,231 1,883 February 2,297 541 3,314 1,241 5,285 1,858 94 March 2,377 480 3,413 2,859 1,338 5,398 1,878 98 April....I"" 2,431 413 3,364 2,821 1,409 5,372 1,870 106 May 2,536 411 3,385 2,835 1,412 5,414 1,853 103 June Ill 2,456 400 3,382 2,854 1,426 5,448 1,853 88 July 2,513 362 3,344 2,862 1,454 5,478 1,840 54 August I 2,596 324 3,353 2,855 1,456 5,509 1,807 46 September 2,667 310 3,495 2,847 1,429 5,600 1,817 38 October 2,780 303 3,522 2,855 1,468 5,673 1,815 27 November 2,762 276 3,467 2,873 1,475 5,662 1,782 27 December."..! 2,718 242 3,442 2,894 1,458 5,658 1,758 25 1921—January 2,523 3,110 2,931 1,463 5,401 1,773 24 February 2,400 2,918 2,975 1,435 5,263 1,728 26 March... 2,297 2,798 3,040 1,411 5, 204 1,694 31 April 2,129 2,564 3,117 1,427 5,078 1,665 34 May 1,959 2,386 3,197 1,485 5,042 1,657 32 June... _ 1,811 2,211 3,254 1,508 4,936 1,664 31 July !._._ 1,719 2,049 3,305 1,513 4,857 1,639 27 August 1,548 1,863 3,392 1,508 4,771 1,621 26 September 1,442 1,767 3,479 1,510 4,752 1,629 27 October 1,371 1,669 3,547 1,534 4,721 1,652 26 November 1,228 1,544 3,595 1,575 4,673 1,663 28 December 1,180 1,548 3,643 1,577 4,718 1,673 27 1922—January 962 1,326 3,672 1,551 4,527 1,707 29 February 769 1,233 3,704 1,521 4,451 1,689 34 March 638 1,207 3,736 1,576 4,483 1,711 39 April 572 1,210 3,756 1,572 4,482 1,733 40 May. 479 1,208 3,768 1,576 4,450 1,783 37 June 437 1,192 3,776 1,600 4,429 1,820 34 July 425 1,170 3,803 1, 595 4,443 1,812 28 August 396 1,102 3,840 1,613 4,448 1,799 25 September 417 1,180 3,860 1,630 4,552 1,811 23 October 486 1,246 3,884 1,657 4,643 1,836 21 November 623 1,265 3,896 1,650 4,671 1,825 27 December 660 1,377 3,917 1,690 4,827 1,840 28 » For explanation see Federal Reserve Bulletin for July, 1929, pp. 432-438 Digitized for F2R AInSclEudRe s Government overdrafts in 1918, 1919, and 1920; see Table 6. http://fraser.stlBoauciks ffeigdu.roesr.g—/ Not available Con monthly average basis) except for series shown in Tables 7 and 8. Federal Reserve Bank of St. Louis
RESERVE BANK CREDIT 29 No. 2.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, MONTHLY AVERAGES, 1917-1931—Continued [Averages of daily figures. In millions of dollars] Reserve bank credit outstanding F d a e c c t r o e r a s s o e f Factors of increase United Mem- Month co B d u i i n l s l t - s ed b B ou il g ls ht s S m G e e t t c i a r o e e u n t v n s e r - - t i s - c O s b r e r a t e r e h n d v - e k i e r t Total M s e g t t o o a o l c r n d y k - T j r u e c u r a s n u e r d t y a r c e - - s y d - M i c n t u o i o l c n a n i e r - y - a s b b n e b a r a r c e e n v l - e r - k e s p m N o e b d e t s o e e c m i n r - t . s - - , i i ! f p U c u e a e t n n n a d p d e l d i x s - - - 1923—January 547 218 421 63 1,249 3,945 1,724 4,679 1,918 46 ; 275 February 608 190 356 51 1,205 3,960 1,709 4,672 1,901 25 ! 276 March. 628 234 316 50 1,228 3,966 1,690 4,713 1,873 22 276 April 658 272 229 55 1,214 3,975 1,711 4,731 1,869 21 279 May._ 705 271 193 53 1,222 3,993 1,740 4,764 1,874 36 281 June 741 224 153 60 1,178 4,040 1,738 4,779 1,867 28 282 July- 834 186 97 62 1,179 4,061 1,743 4,812 1,867 24 280 August.. 809 175 90 53 1,127 4,097 1,747 4,833 1,835 22 281 September 845 174 102 63 1,184 4,123 1,745 4,901 1,848 22 281 October 873 185 91 55 1,204 4,155 1, 753 4,941 1,864 23 284 November 799 265 83 57 1, 204 4,182 1,757 4,953 1,875 31 284 December 771 324 106 59 1,260 4,226 1,771 5,071 1,882 22 282 1924—January. _ 574 300 118 49 1,041 4,266 1,750 4, 847 1.911 25 274 February 514 273 135 33 955 4,302 1,759 4,832 1,892 22 270 March 476 228 244 42 990 4,340 1,747 4,870 1,915 22 270 April 489 170 274 48 981 4,383 1,720 4,886 1,905 23 | 270 May 433 80 324 42 879 4,433 1,766 4,866 1,922 24 266 June 370 50 416 50 886 4,471 1,759 4,830 2,001 21 264 July 315 44 467 53 879 4,503 1,763 4,810 2,046 28 261 August 268 30 539 44 881 4, 516 1,763 4,800 2,072 33 255 September 262 92 575 54 983 4,515 1,763 4,853 2,120 31 257 October 240 180 585 52 1,057 4,506 1,755 4,891 2,141 27 259 November 228 268 588 51 1,135 4,517 1,771 4,970 2,164 30 259 December 301 358 554 75 1,288 4,507 1,768 5,088 2,182 32 261 1925—January. 267 329 464 65 1,125 4,468 1,765 4,863 2,194 43 258 February 340 314 384 56 1,094 4,392 1,778 4,805 2,159 42 258 March 390 298 376 58 1,122 4,340 1,782 4,814 2,137 30 263 April 403 287 355 65 1,110 4,340 1,769 4,803 2,123 27 266 May 397 279 361 63 1,100 4,353 1,762 4,791 2,132 28 264 June 437 263 345 73 1,118 4,360 1,744 4,790 2,141 25 266 July 480 231 338 69 1,118 4,361 1,764 4,794 2,160 27 262 August .. . 545 205 329 64 1,143 4,372 1,742 4,817 2,151 25 264 September 594 226 335 72 1,227 4,386 1, 749 4, 908 2,161 26 267 October. _ _. 619 298 328 76 1,321 4,391 1,737 4, 945 2,203 30 271 November 597 352 332 71 1,352 4,407 1,735 4,960 2,221 41 272 December 688 369 359 91 1,507 4,397 1,740 5,119 2,219 32 274 1926—January 520 324 368 67 1,279 4,407 1,744 4,891 2,236 30 273 February 526 305 335 52 1,218 4,425 1,719 4,854 2,208 26 274 March 557 268 336 55 1,216 4,444 1,707 4,864 2,198 27 278 April 537 234 371 62 1,204 4,448 1,722 4,882 2,183 26 283 May 511 232 398 59 1,200 4,434 1,744 4,871 2,199 26 282 June . 473 243 408 61 1,185 4,438 1,771 4,881 2,206 23 284 July 549 230 380 62 1,221 4,460 1,753 4,916 2,212 25 281 August 555 245 353 50 1,203 4,467 1,755 4,912 2,201 27 285 September 640 265 316 57 1,278 4,471 1,750 4, 969 2,211 30 289 October _ 663 295 306 58 1,322 4,472 1,746 5,001 2,219 27 293 November 615 348 302 63 1,318 4,477 1,755 5,005 2,214 36 295 December 668 385 322 70 1,445 4,481 1,749 5,131 2,218 32 294 1927—January 481 343 310 52 1,186 4,527 1,760 4,903 2,243 33 294 February 393 304 307 39 1,043 4,576 1,757 4,843 2,212 26 295 March 425 253 345 32 1,055 4,595 1,767 4,856 2,240 23 298 April 447 248 341 51 1,087 4,601 1,761 4,879 2,248 23 299 May 473 233 291 44 1,041 4,651 1,768 4,860 2,262 39 299 June 429 205 398 49 1,081 4,606 1,777 4,831 2,301 34 298 July 454 190 381 90 1,115 4,575 1,780 4,851 2,289 33 297 August 409 173 439 72 1,093 4,585 1,780 4,849 2,283 30 296 September 422 216 501 48 1,187 4,584 1,776 4,917 2,300 30 300 October 424 282 506 42 1,254 4,566 1,776 4, 934 2,326 34 302 November 415 336 579 47 1,377 4,490 1,790 4,936 2,373 44 304 December 529 378 606 55 1,568 4,416 1, 796 15,048 2,399 27 306 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
30 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 2.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, MONTHLY AVERAGES, 1917-1931—Continued [Averages of daily figures. In millions of dollars] Factors of Reserve bank credit outstanding decrease Factors of increase United Treas- Mem- Non- Unex- Month co B u d n i i l s t l e - s d b B ou il g ls ht s S m G e t e e c o a r u t n n v r e t - - i s - O c s b r e r a t e r e h n d v - e k i e r t Total M e s g t t o o a o l c r n d y k - j r u e c u a s u n r d t r c y e - - y d M i c n t o u i o c l n a n i e r - y - s b b e b r a r a e e n v l - r k - e p m o e b d s e t e e i c m t - r s . , - p f c u e t a e n a n p d d l d i- s ties ances 1928—January 465 373 512 1,388 4,377 1,778 4,785 2,426 27 305 February 471 360 406 27 1,264 4,373 1,776 4,709 2,368 26 310 March 513 343 415 24 1,295 4,335 1,781 4,710 2,365 24 312 April.. 661 358 351 35 1,405 4,287 1,778 4,730 2,396 27 317 May.. _. 836 349 257 30 1,472 4,207 1,779 4,722 2,388 27 321 June 1,019 244 232 36 1,531 4,119 1,791 4,736 2,355 28 322 July.. 1,090 185 213 43 1,531 4,113 1,782 4,746 2,324 30 326 August 1,061 178 210 36 1,485 4,118 1,774 4,743 2,274 28 332 September. _. 1,064 226 240 51 1,581 4,125 1,787 4,804 2,314 38 337 October ._ 975 368 237 41 1,621 4,133 1,786 4,836 2,332 30 342 November 897 471 238 47 1,653 4,151 1,787 4,860 2,352 32 347 December 1,013 483 263 65 1,824 4,142 1,790 5,008 2,367 29 352 1929—January 859 473 229 52 1,613 4,115 1,789 4,748 2,387 31 351 February 889 385 184 44 1,502 4,143 1,784 4,686 2,357 29 357 March 969 265 197 50 1,481 4,166 1,791 4,709 2,337 31 361 April 1,004 156 165 52 1,377 4,226 1,785 4,679 2,308 35 366 May 956 145 153 49 1,303 4,292 1,787 4,684 2,296 32 370 June _ 978 99 179 61 1,317 4,311 1,779 4,687 2,314 30 376 July 1,096 75 147 62 1,380 4,335 1,790 4,764 2,334 31 376 August 1,043 124 155 54 1,376 4,351 1,781 4,777 2,322 27 382 September 969 229 165 64 1,427 4,368 1,766 4,811 2,335 28 387 October... 885 337 154 74 1,450 4,381 1,785 4,810 2,386 28 392 November 953 296 315 67 1,631 4,374 1,789 4,845 2,521 33 395 December 803 320 446 74 1,643 4,324 1,797 4,943 2,395 27 399 1930—January 501 314 485 57 1,357 4,283 1,784 4,652 2,349 29 394 February 378 285 480 38 1,181 4,317 1,781 4,554 2,305 27 393 March 274 246 540 35 1,095 4,394 1,797 4,532 2,330 27 397 April 231 266 530 45 1,072 4,443 1,781 4,518 2,350 28 400 May 247 182 529 38 996 4,505 1,779 4,497 2,356 29 398 June 251 141 571 37 1,000 4,528 1,775 4,489 2,392 27 395 July 226 154 583 40 1,003 4,532 1,789 4,483 2,417 35 389 August 214 153 599 32 998 4,496 1,787 4,476 2,392 28 385 September 189 197 597 33 1,016 4,503 1,785 4,493 2,397 26 388 October 196 185 602 37 1,020 4,520 1,787 4,501 2,407 27 392 November 221 184 599 29 1,033 4, 553 1, 793 4,528 2,433 30 388 December 338 257 644 34 1,273 4,583 1,793 4,823 2,415 27 1931—January 253 206 647 23 1,129 4,622 1,784 4,695 2,433 28 379 February 216 102 603 15 936 4,656 1,780 4,598 2,370 25 379 March 176 123 604 18 921 4,682 1,778 4,590 2,386 24 381 April 155 173 600 24 952 4,711 1,770 4,647 2,376 27 383 May 163 144 599 20 926 4,767 1,783 4,679 2,387 28 382 June 188 121 610 26 945 4,865 1,759 4,750 2,404 35 380 July 169 79 674 32 954 4,958 1,784 4,836 2,407 83 370 August 222 135 712 38 1,107 4,975 1,764 4,947 2,345 187 367 September 280 259 736 38 1,313 i 4,948 1,768 5,133 2,333 199 364 October 613 692 733 50 2,088 i 4,447 1,768 5,478 2,256 208 361 November 695 560 727 53 2,035 I 4,363 1,766 5,518 2,118 171 357 December 774 340 59 1,950 | 4,450 1,782 5,611 2,069 144 358 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RESERVE BANK CREDIT 31 No. 3.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, WEEKLY AVERAGES [Average of daily figures. In millions of dollars.] Reserve bank credit outstanding F d a e c cr to ea rs s e o * f Factors of increase * i W ng d e a e ( y k S ) — a e t n u d r - - co B d u i i n l s l t - s ed bo B u il g ls ht U s S m G e e n t t c i r a e o i e u n t t n v s e e r - t - i s d - r c O e b r s a t e e h n d r e k v i r t e Total M s t g t a o o o r n c l y d k e- T j r u e c u r a s u n e r d t y r c a e - - y s d - M l c a i o t i r i n c n o u e n - y r M e a b b b s n a e e a e c n r m r l e - k - v s - e p m N o e b d e s o t e e c m i n r - t . s - - , p c U f e a u p n n n i d e t d a x e s l - d 1931 Jan.3 327 327 701 31 1,386 4,592 1,785 4,909 2,446 29 379 Jan. 10 290 276 673 35 1,274 4,606 1,785 4,809 2.447 31 378 Jan.17 245 207 643 26 1,121 4,625 1,782 4,683 2,440 26 379 Jan.24 _ 231 156 628 17 1,032 4,631 1,785 4,621 2, 421 3S0 Jan.31 224 127 615 10 976 4.636 1,784 4,581 2,411 25 379 Feb.7 231 109 610 14 964 4,648 1,776 4,599 2, 386 24 379 Feb. 14 231 92 607 15 945 4,652 1,783 4, 605 2,367 28 380 Feb. 21 _ 208 102 599 16 925 4,661 1,780 4, 590 2, 372 24 380 Feb. 28 193 105 599 14 911 4,663 1,781 4,596 2,357 23 379 Mar. 7 199 114 600 19 932 4,671 1,765 4,601 2,364 23 380 Mar. 14 179 147 602 19 947 4,678 1,768 4,587 2,404 23 379 Mar. 21 166 123 611 16 916 4,685 1,810 4,588 2,413 26 384 Mar. 28 157 108 605 14 884 4,687 1,782 4,577 2, 370 24 382 Apr. 4 188 158 602 28 976 4, 6J9 1,752 4, 638 2, 380 27 382 Apr. 11 153 184 600 21 958 4,705 1,764 4,647 2, 372 26 382 Apr. 18 147 172 600 28 947 4,711 1,780 4, 648 2,378 28 384 Apr. 25 145 164 599 25 933 4,713 1,776 4, 645 2,367 27 383 M M a a y y 9 2 1 16 6 8 2 1 1 5 7 9 4 5 59 9 9 8 2 2 0 6 9 9 6 3 7 9 4 4 , , 7 7 2 4 7 3 1 1 , , 7 7 8 7 3 3 4 4 , , 6 6 9 5 5 5 2 2; , 3 3 7 8 3 6 2 3 8 0 3 3 8 8 2 3 May 16 154 145 598 24 921 4,761 1,775 4,670 2,378 27 382 May 23 161 131 598 19 919 4,774 1,787 4,671 2,392 26 381 May 30 160 126 598 15 899 4,794 1,784 4,670 2,399 27 381 June 6 . 178 135 598 22 933 4,797 1,758 4,694 2,384 29 381 June 13 185 131 600 21 937 4,808 1.794 4, 736 2, 394 27 382 June 20 197 118 601 31 947 4.884 1,764 4,773 2,407 34 381 June 27 198 108 617 34 957 4,925 1,731 4,765 2,429 40 379 July 4 158 103 662 40 963 4,955 1,765 4,849 2,400 01 373 July 11 162 93 665 39 959 4,963 1,788 4,860 2,416 63 371 July 18 167 74 677 36 954 4,963 1,781 4, 830 2, 418 81 369 July 25 177 67 679 21 944 4,956 1,781 4,817 2, 405 89 370 Aug. 1 _ 185 66 678 24 953 4,951 1,788 4,812 2,388 123 369 Aug. 8 208 71 681 30 990 4,955 1,787 4, 873 2, 336 368 Aug. 15 209 125 712 38 1,084 4,969 1,778 4,918 2,344 201 368 Aug. 22 227 150 728 34 1,139 4,982 1,769 4,969 2, 358 107 366 Aug. 29 241 181 728 44 1,194 4,991 1, 729 5,013 2,336 200 30£ Sept. 5 259 206 728 43 1,236 4,996 1,743 5, 060 2,349 202 364 Sept. 12 266 204 728 34 1,232 5,001 1,761 5,105 2,296 230 363 Sept. 19 269 212 741 43 1, 265 5,013 1,790 5, 108 2,371 222 367 Sept. 26 298 312 738 34 1,382 4,888 1,770 5,176 2,317 183 364 Oct. 3 349 458 746 43 1,596 4,738 1,766 5,281 2,328 128 363 Oct. 10 489 603 742 46 1,880 4,616 1,765 5,437 2 272 103 359 Oct. 17 639 745 731 54 2,169 4,442 1,773 5,495 2, 265 263 361 Oct. 24 704 768 728 55 2, 255 4, 339 1, 769 5, 524 2,260 218 361 Oct. 31 713 726 727 46 2,212 4,288 1,762 5,512 2,202 190 358 Nov. 7 _ 717 646 726 52 2,141 4,318 1, 761 5, 552 2,132 181 355 Nov. 14 694 595 727 57 2,073 4,347 1,755 5, 535 2,117 167 356 Nov. 21 671 542 727 55 1, 995 4,371 1,770 5,497 2,116 167 356 Nov. 28 691 487 727 49 1,954 4,402 1,773 5,486 2,114 171 358 Dec 5 743 435 718 49 1,945 4,423 1,772 5 527 2,091 Hif, 857 Dec. 12 738 385 721 53 1,897 4,438 1,777 5, 521) 2, 079 149 Dec. 19 718 319 853 59 1,949 4,455 1,804 5, 599 2, 108 143 Dec. 26 842 281 796 72 1,991 4,467 1,786 5, 727 2,013 145 359 1 i For explanation see Federal Reserve Bulletin for July, 1929, pp. 432-438. Back figures.—See Annual Reports for 1930 (Table 3) and 1929 (Table S). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
32 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 4.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, BY WEEKS (WEDNES- DAY SERIES), 1927-1931 [In millions of dollars] Reserve bank credit outstanding F de a c c r t e o a r s s e o 1 f Factors of increase l Unexpended capital funds, nonmember Date United j Treas- Mem- deposits, etc. (Wednesday) Bills Bills G S o t v a e te r s n - I r O es t e h r e v r e M ta o r n y e- c u u ry r- M ey o i n n - b b a e n r k co d u i n s- ted bought s m ec e u n r t i - j c b r a e n d k it Total s g to o c ld k re a n d c - y l c a i t r i c o u n - re b se a r l- ve m N e o m n - - U pe n n e d x - ties justed ances Total ber de- ed posits,capital etc. funds 1927 Jan. 5 (533 389 314 1,414 4,497 1,784 | 4,-999 2,352 344 51 293 Jan. 12 490 338 311 1,189 4, 520 1,761 I 4,875 2,274 321 27 294 Jan. 19___. 416 337 313 1,125 4,535 1,740 ! 4,825 2,243 332 38 294 Jan. 28 365 302 303 999 4,550 1, 757 4, 795 2, 192 319 25 294 Feb. 2.__. 393 329 304 1,062 4,560 1,747 4,809 2,242 318 23 294 Feb. 9 379 303 305 1,017 4,572 1,759 4, 810 2,221 317 23 294 Feb. lfi... 396 315 312 1, 075 4,577 1,761 4, 804 2,289 320 25 295 Feb. 23 398 280 305 996 4, 585 1,752 4,850 2,166 317 21 295 Mar. 2 _ 435 289 311 1,077 4,587 1,739 4,854 2,231 318 23 295 Mar. 9.... 416 265 307 1,017 4, 593 1,768 4,836 2, 221 321 24 297 Mar. 10 331 219 475 1,058 4,595 1,791 4, 826 2,295 323 25 298 Mar. 23 457 231 342 1, 054 4,600 1,790 4,822 2,300 322 23 298 Mar. 30 456 237 353 1, 073 4, 597 1,755 4, 832 2,274 319 21 298 Apr. 6 402 239 342 I 50 1,033 4,600 1,777 4, 860 2,232 318 20 298 Apr. 13 426 257 355 ' 44 i 1,082 4,600 1,766 4, 865 2,265 318 20 298 Apr. 20 414 247 333 49 1,043 4,604 1,758 4, 836 2, 250 319 21 299 Apr. 27 444 242 318: 37 1,041 4,605 1,765 4,821 2, 270 320 20 299 May 4 508 244 316 i 57 1, 125 4, 612 1, 778 4, 840 2,326 349 50 299 May 11 442 ! 233 254 | 42 971 4,685 1,779 i 4,828 2,271 336 37 300 May 18 458 225 269 | 47 999 4, 684 1,763 4,819 2.295 332 33 299 May 25 429 236 322 | 32 1, 019 4,627 1, 765 4, 810 2,268 333 34 300 June 1 497 229 362 ! 38 1, 126 4,607 1,773 4,866 2,308 332 33 299 JuneS 399 222 438 38 1, 097 4,612 1,764 4,812 2,331 330 31 298 June 15 361 183 547 57 1,148 4, 620 1,794 4, 794 2,421 347 47 300 June 22 439 183 369 53 1,044 4,602 1,767 4,775 2,307 331 31 300 June 29 477 216 376 52 1, 121 4, 589 1, 768 4, 805 2, 342 331 31 300 July 6___ 507 199 374 86 1,166 4, 579 1,782 4,897 2,297 333 36 297 July 13.. 428 193 378 105 1,102 4, 569 1,782 4,809 2, 315 329 33 296 July 20__ 403 185 386 91 1,065 4, 572 1,777 4,786 2,301 327 30 297 July 27_. 398 169 385 76 1,028 4,578 1,778 4,776 2,282 326 30 297 Aug. 3___ 445 178 407 95 1,125 4,579 1,783 4,811 2,350 326 30 296 Aug. 10_. 413 176 420 80 1, 089 4,584 1,783 4, 815 2,315 326 29 297 Aug. 17.. 390 171 442 81 1, 084 4,586 1,776 4,824 2,295 327 31 296 Aug. 24__ 414 179 445 55 1,093 4, 588 1, 775 4,825 2,306 325 29 296 Aug. 31.. 401 185 473 43 1, 102 4,588 1,788 4,854 2,299 325 30 295 Sept. 7..... 449 197 499 49 1,194 4, 597 1,769 4,919 2,318 323 29 294 Sept. 14... 375 227 500 66 1,168 4,586 1,776 4,881 2,325 324 30 294 Sept. 21... 415 219 484 39 1, 157 4,585 1,772 4,874 2,311 329 29 300 Sept. 28... 430 242 494 35 1,201 4,577 1,768 4, 878 2,337 3311 29 302 ! Oct. 5._.. 462 262 505 43 1,272 j4, 573 1,755 4,910 2,360 330 29 302 Oct. 12__ 430 274 510 54 i1, 268 :4, 573 1, 787 4,934 2,324 370j 68 302 Oct. 19-- 418 283 500 56 ! 1,257 I4, 574 1,790 4, 897 2,384 340! 37 303 Oct. 25.. 402 | 301 511 24 | 1, 238 I4,553 1,773 4,876 2, 352 336j 32 304 379 ' 33." 528 42 i 1,282 4.531 1,792 4, 905 2,362 338 36 303 \«)\ . 9. 461 336 530 19 i1,346 :4, 511 1,777 4, 929 2, 369 336 32 303 \u\. hi 705 61 1,467 '4, 487 1, 803 4, 891 2,500 366 63 303 No.. 2i . {27 621 ''4 1,400 4,460 1, 801 4,925 2,393 343 39 305 Xo\. ,J0 177 355 548 30 1,416 4, 451 1,767 4,918 2.. 379 337 33 D.c. 7 411 5 SO 604 30 1, 458 4, 438 1, 804 4, 970 2,397 333 28 305 no-. i \ {SI 598 51 1,528 4,418 1,804 5,000 2,419 331 25 305 Dec. LM 588 98 1,630 4,404 1, 785 5, 095 2,394 330 24 306 Dvv 2> GO.) i '••)') 003 41 1, 639 i 4, 3853,782 5,043 2,432 331 25 306 1 For explanation see Federal Keserve Bulletin for July, 1929, pp. 432-438. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RESERVE BANK CREDIT 33 No. 4.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, BY WEEKS (WEDNES- DAY SERIES), 1927-1931—Continued [In millions of dollars] Factors of Reserve bank credit outstanding decrease Factors of increase Unexpended capital funds, nonmembei Date United deposits, etc ^Wednesday) States Other Mone- Monb B ou il g ls ht Go r v ne e n r t n- e b s a e n r k ve Total t g a o r l y d c e i y r c i u n - Non- Unexsecuri- credit stock lation mem- pendties rotal ber de- ed posits,capital etc. funds 1928 Jan. 4 521 387 627 69 1,604 4,379 1, 779 4, 939 486 337 35 302 Jan.11__. 439 393 545 37 1,414 4,381 1,787 4,779 2.473 330 27 303 Jan.18._- 412 369 499 30 1,310 4,377 1,778 4,701 \ 432 332 25 307 Jan. 25-_. 385 347 441 21 1,194 4,380 1,774 4,659 2, 355 334 | 25 301 Feb. 1 — 423 377 434 29 1, 263 4,374 1,771 4, 671 2, 405 332 23 301 Feb. 8— 459 369 401 26 1, 255 4, 375 1,775 4, 676 2, 395 334 24 311 Feb. 15— 481 355 408 22 1, 266 4, 376 1,774 4,688 391 337 26 311 Feb. 22__. 461 353 402 20 1,236 4,376 1,779 4,698 2; 357 336 24 3U Feb. 29— 493 344 408 19 1, 264 4,361 1,775 4, 691 2, 375 334 23 311 Mar. 7—.. 338 403 30 1, 253 4, 3621, 769 4,687 2,361 336 24 311 Mar. 14— 472 343 401 29 1,245 I 4,335 1, 785 4,670 2,362 333 22 311 Mar. 21 — 477 333 385 18 1,213 } 4,320 1, 793 4, 666 2,322 338 23 31, Mar. 28-.. 524 346 386 17 1,273 | 4,3081,779 4,667 2, 357 336 22 31- Apr. 4__. 601 344 383 37 1,365 I 4,304 1,794 4, 725 2, 400 338 24 31/ Apr. 11- 619 362 378 27 1,386 I 4,302 1,784 4, 697 432 343 27 31( Apr. 18— 620 351 341 44 1,356 j 4,270 1, 799 4,691 2, 392 342 25 sr Apr. 25— 709 366 305 20 1,400 4,266 1, 769 4,676 2,417 342 24 31* May 2... 757 363 292 42 1, 454 4, 2651,787 4,715 2,442 349 32 31 May 9-_. 777 365 277 35 1,454 ! 4,2351,780 4,697 2,426 346 27 31 May 16- 807 347 262 39 1. 455 I 4,1851,779 4, 690 2, 382 347 26 32 May 23- 847 331 230 27 1,435 ! 4,1781,778 4, 675 2,370 346 25 32 May 29.. 944 304 219 21 1,488 ! 4,1611,778 4, 721 2,357 349 27 32 | June 6... 266 210 1, 504 I 4,1471, 782 4,703 2, 384 346 23 32 June 13.. 1,043 240 223 1, 546 | 4,1041,787 4, 695 2, 392 350 27 32 June 20-. 991 224 223 1,471 ! 4,1051,806 4.693 357 31 32 June 27. 1,032 223 212 1,494 4,103 1,*799 4; 698 2, 345 353 26 32 July3-.-. 1,191 210 220 1,680 4,110 1,780 4,808 2,403 359 34 32 July 11_ _. 1,089 188 218 1,542 j 4,115 1,794 4,729 2, 365 357 30 32 July 18. _ 1,012 181 209 1,448 4,114 1,791 4,689 2,307 357 29 July 25._. 1,025 169 208 1,430 ! 4,115 1,774 4, ~ 2,300 354 26 32 Aug. I.-.. 1,086 166 212 1, 505 4.113 1,774 4, 690 2, 344 358 29 32 Aug. 8—. 1,061 162 208 1,453 4.114 1,761 4,705 2,266 357 27 33 Aug. 15— 1,003 190 206 1, 447 4,119 1, 797 4, 717 2, 285 361 29 33 Aug. 22_. 1, 037 184 207 1, 460 4,120 1,785 4,723 2, 281 361 28 33 Aug. 29_. 1,039 184 209 1,462 4, 124 1, 776 ! 4, 7302, 269 363 29 33 Sept. 5 — 1, ( 187 206 1,516 4,123 1,792 ! 4,8012, 273 357 Sept. 12-. 1>< 211 221 1, 556 4.124 1,795 i 4,761 2, 349 365 S S e e p p t t . . 2 1 6 9 _ - . . 1,094 2 26 3 3 7 2 22 2 9 5 1 1, , 5 6 4 2 2 6 4 4 , ,1 1 2 2 9 5 | 1 , 1 7 , 5 7 7 9 ! 2 I 4 , 4 7 , 5 7 77 2 20, , 3 3 1 G 6 I 3 37 9 7 0 1,011 Oct. 3___ 1,026 310 231 1, 631 4,125 1,772 4,! 2, 350 371 Oct. 10-- 993 332 227 1,586 4,129 1, 799 4,832 2, 313 369 Oct. 17. _ 936 379 231 1,606 4,136 1,800 4, 813 2,359 370 Oct. 24__ 912 401 231 1, 569 4,140 1,775 4,791 2, 322 371 Oct. 31.- 932 440 227 1,624 4,142 1,779 4,802 2,371 372 Nov. 7—. 957 449 223 1,634 4,145 1, 774 4,1 2,330 376 Nov. 14- 858 474 222 1, 615 4,156 1,787 I 4,820 2, 365 373 Nov. 21.. 800 484 296 1,558 4,159 1,798 i 4,795 2, 346 374 Nov. 28- 990 482 229 1, 729 4,128 1, 781 4, 9032,361 374 Dec. 5— 1,012 478 227 1,762 4,134 1,774 4,913 2,382 375 348 Dec. 12— 1,028 494 236 1,804 4,139 1, 778 4,935 2,409 377 350 Dec 19. _ 947 453 291 1,772 4,150 1,806 5, 025 2, 326 377 352 Dec. 26- 1,168 489 232 I 1,941 4,149 1,793 i 5,089 2,409 385 355 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
34 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 4,.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, BY WEEKS (WEDNES- DAY SERIES), 1927-1931—Continued [In millions of dollars] Factors of Reserve bank credit outstanding decrease Factors of increase Unexpended capital funds, nonmember Date United Treas- Mem- deposits, etc. (Wednesday) States Other Mone- ury Mon- ber Bills Bills Govern-reserve tary cur- ey in bank co d u i n s- tedbought s m ec e u n r t i- c b r a e n d k it Total s g to o c ld k re a n d c - y l c a i t r i c o u n - re b s a e l r - ve m No e n m - - U pe n n e d x - ties justed ances Total ber de- ed posits,capital etc. funds 1929 i Jan. 2..... 1,151 484 244 1,910 4,127 1,777 4,933 2,494 387 39 Jan. 9-_- 877 477 239 1,638 4,120 1,792 4,762 2, 405 383 33 350 Jan. 16... 822 481 238 1, 604 4,108 1,783 4; 697 2, 415 383 32 351 Jan. 23... 782 454 202 34 1,472 4,117 1,791 4,643 2, 359 378 26 352 Jan. 30... 821 436 202 1,485 4,128 1,789 4, 630 2,391 381 28 353 Feb. 6.... 852 411 200 1, 500 4,127 1,782 4,640 2, 386 383 28 355 Feb. 13... 904 391 177 1,487 4,150 1,790 4,672 2,372 383 28 355 Feb. 20... 865 356 173 1,431 4,151 1, 789 4, 669 2,319 383 27 356 Feb. 27... 952 334 166 1,484 4,154 1,781 4,670 2,367 382 25 357 Mar. 6... 989 305 163 1,501 4jl58 1,772 4,691 2,350 390 30 360 Mar. 13.. 956 283 165 1,453 4,160 1,802 4, 665 2,363 387 26 361 Mar. 20.. 943 237 185 1,401 4,170 1.811 4, 654 2,340 388 26 362 Mar. 27.. 1,024 208 170 1,429 4,174 1,787 4,667 2,332 391 28 363 Apr. 3-.. 1,030 175 169 1, 425 4,188 1,791 4,674 2,335 395 30 365 Apr. 10. 964 157 166 1, 315 4,221 1,806 4,642 2,302 398 33 365 Apr. 17. 994 141 161 1. 349 4,235 1,762 4,646 2,302 398 32 366 Apr. 24.. 975 141 150 1,298 4,245 1,775 4, 631 2,290 397 29 368 May 1... 986 170 151 59 1,366 4,266 1,773 4,661 2, 336 408 41 367 May S.- 962 157 149 46 1,314 4,289 1,778 4,651 2,330 400 31 369 May 15.. 915 146 156 52 1,269 4,299 1,799 4,645 2,320 402 32 370 May 22.. 904 138 153 28 1,223 4,300 1,787 4,635 2,276 399 29 370 May 29. 118 145 36 1,287 4,302 1,794 4,695 2,286 402 30 372 June 5_.._ 977 113 147 66 1,303 4, 303 1, 785 4, 667 2,321 403 28 375 June 12. _ 934 114 170 50 1,268 4,305 1,795 4, 636 2,328 404 29 375 June 19. _ 959 87 139 67 1,252 4,314 1,766 4.635 2,292 405 30 375 June 26._ 1,017 83 150 .44 1,294 4,327 1,764 4,636 2,344 405 27 378 July 3___ 1,125 74 141 91 1,431 4,331 1, 792 4,766 2,380 408 34 374 July 10__ 1, 153 66 136 55 1,410 4,328 1,784 4,817 2,303 402 29 373 July 17. _ 1,084 68 153 66 1,371 4,340 1,797 4,749 2, 352 407 29 378 July 21.. 1, 064 69 146 50 1,329 4,346 1,789 4,704 2,357 403 28 375 July 31_- 1,076 75 147 49 1,347 4,341 1,788 4,717 2,355 404 28 376 Aug. 7... 1,064 79 158 52 1, 353 4,347 1,773 4,741 2,323 409 30 379 Aug. 14.. 1,028 118 154 52 1,352 4,350 1,783 4,745 2,330 410 28 382 Aug. 21._ 986 132 149 42 1,309 4,353 1,782 4,744 2,292 408 27 381 Aug. 28.. 974 157 145 41 1,317 4,359 1,787 4,748 2,306 409 25 384 Sept. 4 1,046 182 149 55 1,432 4,363 1,765 4,829 2,320 411 25 386 Sept. 11.. 973 222 159 60 1,414 4,364 1,787 4,791 2,360 414 26 388 Sept. 18... 934 | 241 178 60 1,413 4,369 1,785 4,764 2,381 422 34 388 Sept. 25... 944 264 152 51 1,411 4,375 1,738 4,744 2,364 416 26 390 Oct. 2__. 931 323 146 80 1,480 4,374 1,750 4,789 2,399 416 27 Oct. 9_._ 857 333 141 54 1,385 4,378 1,781 4,788 2,339 417 26 391 Oct. 16. _ 849 360 138 110 1,457 4,379 1,781 4,789 2,408 420 27 393 Oct. 23._ 796 379 136 63 1,374 4,386 1,791 4,752 2,378 421 28 393 Oct. 30.. 991 I 340 293 56 1,680 4,385 1,795 4,789 2,652 419 26 Nov. 6._._ 991 330 ! 293 40 1,654 4,380 1,782 4,830 2,558 428 34 394 Nov. 13.... 971 300 i 313 86 1,670 4,375 1,805 4,820 2,608 422 27 395 Nov. 20... 900 284 | 327 53 1,564 ,4,374 1,778 4, 777 2,518 421 25 396 Nov. 27... 912 257 ; 326 27 1,522 4,366 1,766 4,856 2,376 422 26 396 Dec. 4... 872 257 ! 355 I 57 1, 541 4,369 1,781 4,867 2,401 423 26 397 Dec. 11.. 769 322 ! 387 1,526 4, 354 1,807 4,869 2,397 421 25 396 Dec. 18_. 737 309 | 533 1,642 4,321 1,811 4,937 2,408 429 28 401 Dec. 24.. 763 355 i 485 120 1,723 4,294 1,788 5,059 2,320 426 24 402 Dec. 31.... 632 392 1 511 47 1,582 4,284 1,778 4,866 2,355 4231 30 393 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RESERVE BANK CREDIT 35 No. 4.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, BY WEEKS (WEDNES- DAY SERIES), 1927-1931—Continued [In millions of dollars] Factors of Reserve bank credit outstanding decrease Factors of increase Unexpended capital funds, nonmember Date United I Treas- Mem- deposits, etc (Wednesday) Bills States | Other ury Mon- ber dis- Bills Govern- reserve cur- ey in bank counted bought ment \ bank rency circu- reserve Non- Unexsecuri- credit ad- lation bal- mem- pendties usted ances Total ber de- ed posits, capital etc. funds 1930 Jan. 8 568 319 485 1,420 4,277 1,784 4,690 2,367 424 31 393 Jan.15 442 323 479 1,301 4,283 1,793 4, 596 2,358 423 30 393 Jan. 22 433 298 477 1,269 4,284 1,782 4,553 2,360 422 29 393 Jan. 29 407 258 477 1,171 4,289 1, 775 4,508 2,308 419 26 393 Feb.5 381 296 478 1,194 4, 302 1,786 4, 525 2,339 418 25 393 Feb. 12 382 276 479 1,200 4,310 1,803 4,542 2,308 463 70 393 Feb. 19 377 281 481 1,169 4, 329 1,758 4,521 2,315 420 27 393 Feb. 26 343 299 483 1,156 4, 345 1,768 4,505 2,346 418 25 393 Mar. 5 309 271 1,105 4,360 1,799 4,528 2,315 421 27 394 Mar. 12 266 257 514 1,068 4,384 1,816 4, 495 2,354 419 26 393 Mar. 19 206 185 561 983 4,405 1,806 4,481 2,291 422 26 396 Mar. 26 207 256 529 1,025 4,420 1,790 4,467 2,340 428 28 400 Apr. 2... 241 301 530 1,124 4,424 1,774 4,518 2,375 429 29 400 Apr. 9__. 226 267 527 1,047 4,435 1.781 4,495 2,345 423 25 398 Apr. 16.. 214 302 535 1,099 4,438 1, 775 4, 505 2,380 427 26 401 Apr. 23.. 211 257 527 1.030 4.445 1,773 4,461 2,363 424 24 400 Apr. 30.. 233 210 530 1,006 4,491 1,791 4,477 2,385 426 27 399 May 7... 237 175 528 979 4,496 1,777 4,474 2,349 429 30 399 May 14.. 210 171 528 952 4,502 1,800 4,446 2,379 429 29 400 May 21.. 210 187 528 953 4, 514 1, 772 4,437 2,374 428 28 400 May 28- 247 176 530 976 4, 516 1,766 4,491 2,347 420 24 397 June 4... 240 189 544 1,004 4,523 1,782 4,476 2,412 421 25 396 June 11-. 210 148 579 974 4, 526 1,786 4,459 2,409 418 24 394 June 18_- 207 133 598 961 4,529 1,791 4,450 2,408 423 27 396 June 25-. 232 102 577 936 4,533 1,766 4,426 2,386 423 27 396 July 2 260 157 596 1,070 4,536 1, 786 4,553 2, 406 433 42 391 July 9 236 149 591 1,012 4,536 1,781 4, 488 2,417 424 34 390 July 16 207 169 577 1,000 4, 540 1, 796 4.447 2,460 429 39 390 July 23 191 151 576 946 4, 523 1, 793 4,407 2,432 423 34 389 July 30 197 131 576 927 4,516 1,785 4,397 2, 415 416 28 388 Aug. 6 206 134 576 940 4,494 1,782 4,437 2, 364 415 28 387 Aug. 13 191 154 606 982 4, 489 1,787 4, 437 2,400 421 35 386 Aug. 20 196 159 602 986 4,493 1,788 4,442 2,414 411 25 386 Aug. 27 193 163 602 984 4,504 1,790 4,448 2,419 411 25 386 Sept. 3 231 170 602 1,041 4,500 1,775 4, 511 2, 393 412 27 385 Sept. 10 183 193 602 1,008 4,504 1,794 4,465 2,428 413 27 386 Sept. 17 163 209 610 1,008 4, 508 1,816 4, 459 2,456 417 26 301 Sept. 24 167 198 602 991 4, 507 1,770 4,436 2,416 410 25 391 Oct. 1 186 193 601 1,010 4,511 1, 782 4,492 2, 394 417 25 392 Oct. 8 173 211 600 1,012 4,514 1,784 4, 487 2,408 415 25 390 Oct. 15 210 185 602 1,044 4, 519 1, 796 4,500 2,440 419 28 391 Oct. 22 192 177 602 992 4,523 1,788 4,450 2,437 416 25 391 Oct. 29 202 166 601 985 4,533 1,791 4,426 2,468 415 25 390 Nov. 5 213 186 602 1,010 4,534 1, 779 4,491 2,410 422 32 390 Nov. 12. _ 192 207 601 1,035 4, 549 1,798 4,477 2, 490 415 25 390 Nov. 19 205 178 596 1, 003 4,556 1,783 4,482 2, 449 411 28 383 Nov. 26 234 176 596 1,028 4,566 1,787 4,565 2, 410 406 24 382 Dec. 3 251 219 602 1,108 4,572 1,772 4,615 2,424 413 26 387 Dec. 10 257 244 617 1,134 4,576 1,804 4,656 2,448 410 26 384 Dec. 17 331 252 692 1,297 4,584 1,822 4,837 2,455 411 26 385 Dec. 24 448 260 642 1,425 4,589 1,775 5,014 2,367 408 24 384 Dec. 31 251 364 729 1,373 4,593 1,798 4, 889 2,471 j 404 28 376 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
36 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 4.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, BY WEEKS (WEDNES- DAY SERIES), 1927-1931—Continued [In millions of dollars] Reserve bank credit outstanding F d a e c c t r o e r a s s o e f Factors of increase Unexpended capital funds, nonmember Date United Treas- Mem- deposits, etc. (Wednesday) Bills G S o t v a e te rn s - Other M ta o r n y e- c u u ry r- M ey o i n n - b b a e n r k ment bank Total gold rency circu- reserve Non- Unexsecuri- credit stock ad- lation bal- mem- pendties justed ances Total ber de- ed posits,capital etc. funds 1931 Jan. 7 292 265 659 1,248 4,602 1,784 4,782 2,444 408 377 Jan. 14 243 196 644 1,111 4,625 1,781 4,649 2,464 404 378 Jan. 21 230 152 625 1,020 4,631 1,788 4,593 2,441 405 380 Jan. 28 215 120 610 956 4,637 1,781 4,544 2,425 405 380 Feb. 4 223 104 610 949 4,649 1,761 4, 576 2,379 404 380 Feb. 11 222 88 610 929 4,651 1,782 4,594 2,365 403 379 Feb. 18 200 94 600 905 4,661 1,778 4,560 2,380 404 376 Feb. 25 190 106 599 904 4,663 1,784 4,569 2,378 404 381 Mar. 4 191 101 600 908 4,672 1,762 4,575 2,365 402 380 Mar. 11 173 151 605 942 4,677 1,772 4,554 2,436 401 379 Mar. 18 162 122 618 907 4,685 1,816 4,562 2,436 410 384 Mar. 25 165 83 599 858 1,765 4,547 2,357 408 384 Apr. 1__. 164 167 598 943 1,778 4,620 2,392 407 382 Apr. 8... 143 172 599 929 4,703 1,775 4,612 2,389 406 382 Apr. 15.. 132 131 599 895 4,710 1,789 4,623 2,356 415 384 Apr. 22... 135 152 599 911 4,713 1,778 4,612 2,380 410 384 Apr. 29... 155 170 4,721 1,779 4,621 407 383 May6_. 150 194 598 967 4,743 1,783 4,663 2,418 412 383 May 13. 145 153 598 918 4,766 1,773 4,627 2,421 409 383 May 20_ 149 131 599 4,772 1,792 4,639 2,411 408 26 382 May 27- 153 125 598 4,795 1,787 4,634 2,425 409 27 382 June 3-_. 173 134 598 4,793 1,748 4,673 2,389 417 37 380 June 1CL. 185 127 599 929 4,803 1,799 4,723 2,399 409 28 381 June 17_. 185 107 599 907 4,893 1,764 4,756 2,401 407 28 379 June 24 _ 106 619 960 4,915 1,734 4,733 2,457 419 40 379 July 1 150 103 663 950 4,956 1,765 4,841 2,389 441 70 371 July 8... 162 92 668 960 4,964 1,794 4,836 2,440 442 72 370 July 15 162 70 678 951 4,959 1,789 4,808 2,436 455 87 368 July 22. 182 67 678 942 4,951 1,787 4,795 2,432 453 85 368 July29 183 67 678 945 4,953 1,792 4,780 2,415 495 126 369 Aug. 5 681 967 4,955 1,793 4,849 2,339 527 159 Aug. 12 195 136 728 1,105 4,964 1,790 4,890 2,393 576 209 367 Aug. 19 231 155 728 1,141 4,983 1,771 4,952 2,382 561 195 366 Aug. 26 242 181 728 1,199 4,992 1,720 4,994 2,342 575 210 365 Sept. 2 257 728 1,221 4,999 1,758 5,036 2,374 568 203 365 Sept. 9 260 198 728 1,216 5,001 1,762 5,092 2,290 597 233 364 Sept. 16 263 218 742 1,279 5,016 1,800 5,088 2,418 589 224 365 Sept. 23 310 243 738 1,315 4,897 1,781 5,164 2,280 549 186 363 Sept. 30 328 742 1,578 4,741 1,774 5,246 2,364 483 120 363 Oct. 7 463 581 738 1,839 4,642 1,765 5,431 2,277 538 178 360 Oct. 14_ 628 730 727 2,125 4,424 1,775 5,473 2,223 628 269 359 Oct. 21 698 769 727 2,238 4,337 1,774 5,505 2,276 568 207 361 Oct. 28 717 725 727 2,211 4,289 1,761 5,481 2,229 551 192 359 Nov. 4 705 642 728 2,109 4,312 1,768 5,545 2,122 522 167 355 Nov. 11 684 597 727 2,064 4,347 1,747 5,519 2,099 540 185 355 Nov. 18 662 534 727 1,972 4,371 1,775 5,473 2,124 521 165 356 Nov. 25 480 727 1,941 4,408 1,775 5,479 2,117 528 170 358 Dec. 2 718 423 717 1,905 4,420 1,780 5,511 2,073 521 163 358 Dec. 9 725 389 717 1,880 4,440 1,775 5,509 2,086 500 145 355 Dec. 16 698 307 906 1,974 4,458 1,811 5,578 2,168 497 138 359 Dec. 23 911 257 758 2,006 4,465 1,760 5,733 2,001 497 138 359 Dec. 30 1,024 327 803 2,202 4,458 1,761 5,632 2,323 466 107 359 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RESERVE BANK CREDIT 37 No. 5.—RESERVE BANK CREDIT AND FACTORS IN CHANGES, END OF MONTH SERIES, 1927-1931 [In millions of dollars] Reserve bank credit outstanding Fac c t r o e r a s s e o J f de- Factors of increase 1 Unexpended capital funds, nonmember Date co B d u i i n s l - l t s edbo B u il g ls htG U S n ta i t t e e s d O se r t e r h - v e e r Total e s M g t t o o a o l c r n d y k - T re c u a r u n e r d y r a - c - y s- M e c t c y u io i o l r a n i n - n - - M b s b e b r a e e a r e n - v m l r k - e - depos m i N t e o s, m n - - etc. U pe n n e d x - justed ances Total ber de-ed capposits, ital etc. funds 1927 January 425 321 304 1,071 4,564 1,747 4,846 2,218 318 23 295 February... 470 296 316 1,108 4,586 1,738 4,885 2, 229 318 23 295 March 451 239 348 1,072 4,597 1,749 4,862 2,237 319 21 298 April 477 238 327 1,085 4,610 1,774 4,891 2,257 321 22 299 May 459 228 343 1,046 4,608 1,768 4,893 2,197 332 33 299 June 443 211 370 1,082 4,587 1,763 4,851 2,249 332 36 296 July 442 172 392 1,093 4,580 1,775 4,846 2,277 325 28 297 August 401 185 473 1,102 4,588 1,788 4,854 2,299 325 30 295 September.. 437 250 506 1,231 4,571 1,770 4,948 2,293 331 29 302 October 412 342 522 1, 296 4,541 1,776 4,946 2,324 343 41 302 November. _ 477 355 548 1,415 4,451 1,803 4,952 2, 379 338 33 305 December. . 582 392 617 1, 655 4,379 1,782 5,003 2,487 326 26 300 1928 January 423 379 437 1, 255 4,373 1,772 4,677 2,391 332 24 308 February.. _ 493 344 408 1,264 4,362 1,774 4, 690 2,375 335 23 312 March 599 350 395 1,365 4,305 1,782 4,749 2,366 337 23 314 April 834 357 296 1,496 4,266 1,776 4,748 2,442 348 30 318 May 1,021 292 220 1,549 4,160 1,754 4,744 2,371 348 25 323 June 1, 095 217 235 1,586 4,109 1,780 4,797 2, 325 353 29 324 July 1,031 162 215 1,433 4,113 1,780 4,701 2,267 358 29 329 August 1,108 192 219 1,553 4,123 1,783 4,803 2,294 362 28 334 September.. 1,071 284 243 1,641 4,125 1,790 4,846 2,334 376 37 339 October 932 440 227 1,623 4,142 1,783 4,806 2,371 371 28 343 November. _ 1,088 486 237 1,837 4,128 1,771 4,990 2,373 373 25 348 December. _ 1,056 489 228 1,808 4,141 1,788 4,973 2,389 375 27 348 1929 January 805 440 202 1,484' 4,127 1,789 4,657 2,362 381 29 352 February. __ 973 330 169 1,510 4,153 1,781 4,698 2,362 384 25 359 March 1,095 200 172 1,536 4,188 1,785 4,748 2,357 404 41 363 April 934 179 163 1,327 4,260 1,777 4,676 2,282 406 35 371 May 1,068 117 143 1,360 4,301 1,773 4,738 2,288 408 33 375 June ___ 1,037 82 216 1,400 4,324 1,780 4,746 2,356 402 28 374 Juiy 1,076 75 147 1,347 4,341 1,788 4,717 2,355 404 28 376 August 1,046 176 150 1,440 4,360 1,788 4,840 2,337 411 24 387 September. _ 958 293 162 1,458 4,372 1,734 4,819 2,326 419 28 391 October 1,000 355 321 1,743 4,386 1,800 4,838 2,666 425 31 394 November.. 1,030 256 326 1,677 4,367 1,767 4,929 2,458 424 26 398 December. _ 632 392 511 1,583 4,284 1, 778 4,865 2,355 425 30 395 1930 January 394 294 479 1,209 4,291 1,774 4,560 2,293 421 25 396 February. _ _ 353 270 480 1,140 4,353 1,763 4,577 2,260 419 25 394 March 310 279 535 1,149 4,423 1,773 4,549 2,367 429 28 401 April 233 210 530 1,006 4,491 1,791 4,476 2,385 427 27 400 May 313 185 528 1,049 4,517 1,773 4,551 2,369 419 24 395 June 272 128 591 1,018 4,535 1,789 4,522 2,389 431 40 391 July 200 130 577 934 4,517 1,788 4,426 2,396 417 28 389 August 215 168 602 1,025 4,501 1,796 4,533 2,378 411 24 387 September. . 272 209 597 1,103 4, 511 1,773 4,501 2,467 419 26 393 October 207 163 602 998 4,535 1, 799 4,493 2,418 421 29 392 November.. 275 175 599 1,079 4,571 1,794 4,660 2,373 411 25 386 December. _ 251 364 729 1,373 4,593 1,798 4,890 2,471 403 28 375 1931 January 232 125 610 4,643 1,790 4,610 2,398 405 24 381 February. __ 198 109 599 926 4,665 1, 778 4,620 2,343 406 23 383 March 250 124 599 990 4,697 1,754 4,608 2,428 405 22 383 April 157 163 598 937 4, 726 1,773 4,652 2,371 413 27 386 May 174 125 598 917 4, 798 1,788 4,702 2,389 AVI 31 381 -June _ 149 106 668 043 4, 956 1,752 4,822 2,381 448 77 371 July 195 73 678 976 4, 949 1,788 4,837 2, 367 509 140 3(59 August 255 215 728 4, 995 1,729 5, 052 2, 373 554 189 365 September.. 328 469 742 4, 741 1,773 5, 246 2, 3(54 482 120 362 October 728 681 727 4, 292 1,767 5, 540 2, 167 536 181 355 November.. 718 452 717 4,414 1,769 5, 536 2, 051 527 170 357 December.. 638 339 817 4,460 1,759 5,647 1,961 464 110 354 Digitized for1 FFoRr AexSpElaRna tion see Federal Reserve Bulletin for July, 1929, pp. 432-438. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
38 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD RESERVE BANK CREDIT No. 6.—-RESERVE BANK CREDIT OUTSTANDING, ANNUAL AVERAGES, 1915-1931 [Averages of daily figures. In thousands of dollars] Bills and securities held by Federal reserve banks Reserve Due Year ou c b t r i s a e n t n d a g k n it d- B co il u ls n t d e i d s- bo B u il g ls ht s G ec m U o u . v e r e S i n t r t . i n e - s se O cu t r h i e ti r es F o l n o o r a g e n o ig s ld n f b o f a r r o e n i m k g s n b R an e k se f r l v o e at 1915 i 60,149 24,371 10,430 7,931 17,417 1916 i 163,350 24,140 65,508 47,161 26, 541 1917 _ 523,120 193,783 150,094 89, 207 6,893 2 83,143 1918 1, 723,168 1,134, 486 287,147 134,177 352 536 * 166,470 1919 2,625,406 I 1,905, 697 323,939 254, 384 1 2,765 2 138,620 1920 3, 390,422 2, 523,073 385,420 323, 661 793 2 157,475 1921 2,198, 238 1,797, 226 91,150 263, 864 44 692 45,262 1922 1,226, 334 571, 220 159,102 454, 777 66 699 40,470 1923 1, 204, 752 735, 608 226,767 185, 504 85 701 56,087 1924 _ 996,467 372,121 172,437 402, 271 1,210 486 644 47, 298 1925 1,195, 397 480, 609 287,482 358, 760 2,473 9,218 671 56,184 1926 1, 257, 859 568,166 281,104 349, 599 3,396 4,114 674 50,806 1927 1,175,035 442, 287 263,258 417,480 1,513 8,643 41,854 1928 1, 505, 085 839,942 327,806 297,499 2,124 603 37, 111 1929 1,459,264 950, 580 241,399 207, 659 13,420 1,068 732 44,406 1930 1,086,870 271, 727 213,201 563,672 8,295 804 29,171 1931—. 1.273,671 326,217 245, 260 669,013 10,058 510 5,321 17,292 1 Exclusive of reserve bank float for which figures are not available. 2 Includes Government overdrafts. No. 7*—RESERVE BANK CREDIT OUTSTANDING, BY MONTHS, 1923-1931 [Monthly averages of daily figures. In thousands of dollars] U.S. Month Total B c i o l u ls n d te i d s- bo B u il g ls ht G s o m e v c e e u n r r t i n - - O c t u h r e it r i e s s e- Fo g r o e l i d gn f b o f D a r r o e n u i m k g e s n R b e fl a s o e n a r k t ve ties 1923—January 1,248,888 547,058 217; 939 420,977 20 701 62,193 February _„ 1,205,043 608,165 189,819 355,737 701 50, 621 March 1,228,242 627,799 233,753 315,848 17 701 50,124 April _ 1,214,466 657, 730 272,439 228, 664 39 701 54,893 May 1,221,737 705, 312 271, 333 193, 224 49 701 51,118 June ... 1,178,370 741,246 224, 313 153,395 56 701 58, 659 July __ 1,179,386 834, 084 186, 002 96, 533 19 701 62,047 August... _j 1,127,239 SOS, 870 175, 351 90, 016 15 701 52,286 September- 1,183,823 845, 227 173,909 101,690 138 701 62,158 October 1, 204,123 873,142 184,838 91,450 317 701 53, 675 November.. 1, 204, 312 798, 529 264, 951 83,456 255 701 56,420 December-. 1,260,198 771, 034 323, 901 105,893 88 701 58, 581 1924—January 1, 040, 781 573, 865 299, 914 117, 576 27 701 48, 698 February... 955, 227 513,920 272, 678 134, 611 19 701 33, 298 March 989, 838 475, 712 228, 101 244,121 73 701 41,130 April 981, 361 488,558 170, 525 273, 601 52 701 47,924 May.. 879, 242 432, 613 79, 995 323, 557 342 701 42, 034 June 886, 324 370,159 50, 376 416, 251 1,276 701 47,561 July 878, 500 315, 343 43, 878 466, 530 1,250 70] 50, 798 August 880,895 268, 475 29, 532 539,409 1,540 701 41, 238 September.. 982, 574 261, 655 91,617 575, 360 2, 963 596 50, 383 October 1, 057,166 240, 200 179,735 585,118 1,933 476 49, 704 November.. 1,134,950 228, 236 288, 346 587, 666 2,987 477 47, 238 December-. 1, 288, 001 301.351 I357, 504 554,048 2,056 15,734 573 66,795 1925—January. __ 1,125,416 267,003 I329,258 463,722 2,53£ 8,224 641 54,029 February.. 1, 094, 047 340,253 313, 419 383, 790 2,973 10, 500 642 42, 470 March 1,121,951 389,611 !298,177 375, 566 2,652 10, 500 720 44,725 April 1,109, 656 402,766 I287, 322 354.984 1, 643 10, 500 639 51, 802 May 1, 099, 973 397.352 '279, 054 361, 261 1,867 10, 500 040 49, 299 Jane 1,118, 344 437,177 I263,497 344, 969 2,250 10, 500 730 59, 221 July 1,118, 239 480,105 |231,122 337,667 2,044 10, 500 636 56,165 August 1,142,706 545,196 205, 401 329, 091 2, 058 10, 469 645 49,846 September 1, 226, 636 594, 080 !225, 728 335, 425 2,414 7,954 735 60, 300 October. _. 1, 320, 582 618,770 I298, 211 327, 685 2,703 7,378 639 65,196 November. 1, 351, 693 597,158 |351, 751 331,962 3,378 5,260 652 61, 532 December. 1, 50G, 515 687,766 i368, 659 359, 242 3,191 8,367 738 78,552 i Foreign loans on gold outstandingfrom Dec. 2,1924, toAug. 2, 1926,Mar. 7 to Mar. 18, 1929, and Apr. 11 to May 10, 1929. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RESERVE BANK CREDIT No. 7.—RESERVE BANK CREDIT OUTSTANDING, BY MONTHS, 1923-1931— Continued [Monthly averages of daily figures. In thousands of dollars] U.S. Month Total B co il u ls n d te i d s- bo Bi u l g l h s t G s m o ec v e u e n r r t i n - - j | O cu t r h i e ti r e s s e- l F o o a g r n o e s l i d g o n n fo f D r r u e o i e m gn Re b f s a l e n o r k a v t e banks 1926—January 1, 278,808 519,917 323,874 367,789 I 3,143 6,852 642 56, 591 February 1,218, 403 525, 678 304,816 334,816 ! 3,185 7,131 709 42,068 March _ 1, 216, 042 556, 541 267, 833 335,742 ! 3, 653 8,201 696 43, 376 April 1, 203, 653 537, 003 234, 409 370,754 I 4,886 8,687 645 47, 269 May 1,199, 838 511, 490 232, 219 398,201 I 4,103 7, 758 707 45,360 June 1,185, 468 472,871 243, 233 407,896 3,453 7,407 676 49,932 July 1, 221, 421 549,107 229, 923 379,618 3,117 3,521 681 55, 454 August 1, 202, 639 555, 241 245,117 353, 192 i 3,373 90 702 44, 924 September.. 1, 277, 787 639, 508 284, 813 315,530 i 3,700 659 ! 53, 577 October 1, 321, 568 663, 296 295, 249 306,189 I 3,042 677 53,115 November.. 1, 318, 027 614, 501 348, 365 302,434 j 2, 525 650 ! 49, 552 December... 1,445, 340 668, 453 384, 603 321,540 | 2,579 050 ! 67, 515 1927—January 1,185,778 480, 622 343,448 310,486 I 3,550 657 47, 015 February—_ 1,043,082 392.996 304, 071 306,606 j 2,250 658 36, 501 March 1,055,163 424, 543 252,722 344,922 2,064 658 30. 254 April 1,087,141 447,285 248,429 341,081 i 2,081 659 47, 625 May 1,041, 397 472,984 233, 224 291,495 1,801 660 41,233 June 1,081,275 428, 563 205, 273 397,754 1,533 8,627 39, 525 July. 1,114, 788 453.997 189,774 381,081 1,300 45, 370 43, 266 August 1,093,486 409,439 173,122 438,511 ! 758 36,190 35,466 September- 1,187, 227 422,192 215, 926 500,637 587 7,141 40,744 October 1,254,435 424,413 281,903 506,177 698 628 40, 616 November- 1, 377,128 415, 216 335,908 579, 238 646 564 45, 556 December - 1, 567,814 528, 624 377, 712 605, 841 942 566 54,129 1928—January 1, 387, 591 465,275 372, 538 511,852 657 566 36, 703 February—. 1, 263, 814 470,680 359, 883 405,551 535 566 26, 599 March 1, 295, 246 513,233 342,790 414,681 821 568 23,153 April 1,405,135 660,927 358,026 351,105 990 570 33, 517 May 1,471, 559 835, 502 256, 686 1,000 571 29,200 June 1, 531,103 1,018,735 243, 540 231,907 790 573 35, 558 July 1, 530, 993 1,089, 579 185,018 212, 978 490 572 42,356 August 1,485,196 1,060, 811 177,951 209, 610 764 574 35,486 September.. 1, 581,421 1,064,302 226,033 240,429 3,177 574 46,906 October 1,621,327 975, 204 367, 595 236,914 4,433 645 36, 536 November... 1, 652,841 897,309 470, 638 238, 335 4,160 729 41, 670 December.. 1,824,070 1,013,003 482,704 262, 776 7,597 727 57,263 1929—January 1, 613,093 859,223 472,543 228,528 9,608 730 42,461 February. __ 1,501,565 889,207 384,662 184, 241 9,474 729 33,252 March 1,480,931 968, 565 265,430 196, 746 8,410 2,928 723 38,129 April 1,377,282 1,004,440 155, 686 165,311 7, 073 5,854 723 38,195 May 1,303,411 956,274 144,899 152,870 7.446 3,979 726 37,217 June 1,316,801 978,009 99, 489 179, 370 11,427 729 47,777 July 1, 379,796 1,095,623 74,815 147,473 10, 558 728 50, 599 August 1,376,086 1,043,467 124,441 154,513 13,644 724 39,297 September- 1,426,890 969,000 229, 395 164, 579 15, 594 740 47, 582 October 1,449, 620 884, 501 337,121 154,462 20, 387 764 52, 385 November- 1,631,397 952,640 296, 212 315,289 21,440 740 45,076 December.. 1, 643,073 803,352 319,997 446,066 13,083 722 59,853 1930—January 1,356, 721 500, 780 313, 839 484, 818 13, 213 722 43,349 February— 1,181, 330 377, 644 285,152 480,121 12, 817 721 24,875 March 1,094, 634 273, 517 245, 562 539, 513 10, 383 722 24,937 April - 1,072,438 231,172 266,141 529, 989 9,101 712 35,323 May 995, 534 246,890 181, 725 528, 636 8,413 710 29,160 June 999, 628 251,237 141,173 571,175 5, 587 708 29, 748 July... 1,003, 327 226, 041 153, 896 582, 889 7, 341 705 32. 455 August 998,473 213,987 152, 898 598, 649 8,348 703 23, 888 September.. 1,015,903 188,700 196, 630 597, 030 7,282 701 25, 560 October 1,019, 750 196, 388 185, 470 601, 582 6, 400 1,720 28,190 November.. 1,033,401 220, 769 184, 212 599, 065 0, 311 705 22,339 December. . 1, 273,145 337, 557 256, 596 043,880 4, 617 804 29, 691 1931—January 1,129,438 252,886 205, 841 647, 348 3,133 708 19, 522 February. _. 936, 391 215,757 102, 076 603, 373 703 14, 482 March 920, 631 176, 431 123, 293 003, 940 703 16, 264 April 952,286 154, 058 172,897 600, 280 43 697 23, 711 May 925, 914 162, 705 143, 759 598, 559 1,009 098 19,124 June 944, 969 187, 800 J20, 740 009, 5-57 5, 444 2, 133 1,480 17,829 July 954,174 169, 030 78, 890 673, 593 8, 733 3, 253 20, 663 August 1,106, 906 222, 270 134, 549 712,254 :., 954 ""982" 18, 780 12,117 September.. 1, 313,103 280, ] 63 259, 257 736,190 10, 872 1,783 10,033 14,815 October 2, 087, 771 613, 012 691, 723 I 733,054 22, 830 1, 230 8,782 17,134 November.. 2, 034, 542 695,081 560, 341 726,612 31, 574 8,792 12,142 December. . 1,950,133 774,471 340,157 776, 954 30, 370 8,768 19,413 Back figures.—See Annual Report for 1928 (Table 1). Digitized for FRASER 125554—32 4 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
40 REPORT OF THE FEDERAL RESERVE BOARD No. 8.—DEPOSITS, RESERVES, NOTE CIRCULATION, AND RESERVE PERCENT- AGES OF FEDERAL RESERVE BANKS, BY MONTHS, 1927-1931 [Monthly averages of daily figures. In thousands of dollarsl Deposits Cash reserves Federal Re- Month M b e a m n b k er U G er . o n S - v . - Fo b a r a n e n i d g k n Other Total Excess n c r u o e l t s a e e t r c i v o ir e n - c s p e e e n r r- v t- e reserve ment govern ment 1927 January.. 2,300,204 2,242,854 24,132 11,316 21,902 3,064,506 1,557,915 1,753,799 75.6 February 2,266,460 2,212,206 28,132 4,924 21,198 3,137,737 1,662,595 1,704,703 79.0 March. 2,284,809 2,239,952 21,823 6,021 17,013 3,168,365 1,679,931 1,721,876 79.1 April... 2,301,120 2,248,302 29,622 5,521 17,675 3,182,325 1,679,121 1,744,530 78.7 May... 2,326,816 2,262,397 25,374 5,309 33,736 3,191,623 1,684,975 1,730,655 78.7 June... 2,355,428 2,300,897 20,660 5,341 28, 530 3,170,162 1,658,481 1,718,203 77.8 July.... 2,339,478 2,288,948 17,420 5,233 27,877 3,156,204 1,651, 520 1, 714,666 77.9 August 2,331,452 2,283,097 17,890 5,100 25,365 3,145,581 1,657,149 1,681,059 78.4 September 2,350,875 2,300,450 20,324 5,675 24,426 3,117,062 1,605,565 1,721,726 76.5 October. 2,380,856 2,326,009 20,426 8,365 26,056 3,089,483 1,563,305 1,732,196 75.1 November 2,429,976 2,372,954 12,812 6,227 37,983 3,011,346 1,469,223 1,729,078 72.4 December 2,435,984 2,399,182 9,976 5,063 21,763 2,893,417 1,322,856 1,794,917 68.4 1928 January.. 472,425 2,426,360 19,438 5,233 21,394 2,944,811 1,413,756 1,664,263 71.2 February 419,482 2,368,092 25,606 5,373 20,411 2,971,768 1,486,132 1,597,043 74.0 March. 411,714 2,365,030 23,018 5,368 18, 298 2,940,725 1,459,979 1,591,615 73.5 April.. 450,188 2,396,460 26, 796 6,080 20,852 2,885,356 1,387,648 1,600,356 71.2 May... 438,812 2,387,642 23,821 6,373 20,976 2,806, 772 1,314,076 1,597,780 69.5 June... 394,875 2,354,547 12,797 8,437 19,094 2,727,906 1,242,658 1,617,605 68.0 July.._ 372,629 2, 323, 506 19,468 9,495 20,160 2,730,221 1,242,910 1,642,226 68.0 August. 330,159 2,273,919 27,860 9,225 19,155 2,747,578 1,272,088 1,649,836 69.0 September 370,075 2,314,257 17,648 7,318 30,852 2, 751,167 1,241,146 1,701,237 67.6 October 380,594 2,332,177 18,694 6,522 23, 201 2,753,956 1,230,562 1,725,464 67.1 November 401,637 2,352,294 17, 542 6,419 25,382 2,767,562 1,228,727 1,745,656 66.7 December 415,052 2,366,803 18,807 6,483 22,954 2,714,744 1,128,688 1,851,989 63.6 1929 January.. 2,436, 250 2, 388, 746 18,165 6,530 24, 809 2.777,763 1, 236, 228 1,722,118 66.8 February 2,406, 651 2,357, 297 20,853 5,995 22,506 2,826,670 1,318,945 1, 663,492 69.4 March. 2, 384, 675 2, 336, 507 16, 820 9,239 22,109 2,848, 586 1,346,046 1, 669, 759 70.3 April... 2, 367, 519 2, 307,945 24,817 12,312 22, 445 2,936, 935 1,439,941 1,670,904 72.7 May 2, 350,927 2,296,409 22,498 7,997 24,023 2,987,484 1,499, 258 1, 663, 504 74.4 June... 2, 374,439 2, 314, 338 30, 383 6,723 22,995 3,011,015 1,513,157 1,667,011 74.5 July... 2, 384, 979 2, 333, 545 20,389 7,187 23,858 3,078,382 1, 528,162 1,788,692 73.8 August. 2, 368,430 2, 322,411 18, 969 5,584 21,466 3,117,555 1, 556,187 1,831,044 74.2 September 2,395, 383 2, 334, 541 33,313 6,801 20, 728 3,135,894 1,549,600 1,869, 776 73.5 October 2, 437,987 2, 385, 644 24, 233 6,345 21,765 3,157,885 1, 555, 552 1, 872, 594 73.3 November 2, 576, 514 2, 521,324 22, 648 5,660 26, 882 3,166, 713 1,489,966 1,937,418 70.2 December 2,437,914 2,395,022 15,859 5,775 21, 258 3,040,010 1,408,179 1,946,402 69.3 1930 January 2.402, 494 2, 349, 236 23, 769 6,132 23, 357 3,124, 536 1, 564,910 1, 796,883 74.4 February 2, 361, 760 2, 305, 237 29, 091 6,265 21,167 3,161,315 1, 663, 575 1,677,809 78.3 March 2,373, 079 2, 330, 058 15, 651 6,761 20,609 3, 202,080 1, 725,122 1, 615, 952 80.3 April 2, 408, 039 2, 350,129 29, 967 5.983 21,960 3, 209, 467 1, 744, 689 1, 554,910 81.0 May _ 2, 418,430 2, 356, 320 33, 590 5, 625 22,895 3, 226, 367 1, 785, 713 1, 485, 509 82.6 June 2, 457, 689 2, 391, 649 38, 548 6,046 21,446 3, 212, 839 1, 776,127 1,441,303 82.4 July.... ._ 2, 476, 724 2, 417, 484 24, 473 6,096 28,671 3,169,856 1, 746,896 1,390, 267 82.0 August 2, 447, 713 2, 302, 225 27, 815 6,015 21,658 3,101, 926 1, 706,403 1,347, 058 81.7 September 2. 451, 862 2, 397,158 28, 338 5, 656 20, 712 3,106, 714 1, 702,133 1, 366, 074 81.4 October... 2, 464, 406 2, 406, 590 30, 638 5, 576 21,602 3,135, 397 1, 720, 542 1, 380, 781 81.5 November 2, 488, 235 2, 432, 662 25,149 5,524 24,900 3,158,122 1, 729, 503 1, 394, 342 81.3 December 2, 467, 472 2, 415, 005 25, 811 6,147 20, 509 3,"" """ 1, 590, 033 1, 587, 050 76.2 1931 January _! 2,489,841 2, 433, 310 28, 945 5, 858 21, 728 3, 202, 213 1, 704, 512 1, 565,642 79.0 February i 2,426,456 2, 370,352 31,150 5,561 19, 393 3, 249, 218 1, 811, 352 1,471, 516 83.4 March _ 2,442,522 2, 385, 716 32,606 5,636 18, 564 3, 276, 754 1, 837, 838 1,460, 082 84.0 April . _ 2,440,110 2, 375,904 37,124 5, 890 21,192 3, 312, 763 1, 847, 913 1, 527, 028 83i5 May .! 2,439,591 2, 387, 076 24, 534 6,029 21, 952 3, 372, 483 1, 895, 684 1, 557, 356 84.4 June.-.. .1 2,482,719 2, 403, 719 43, 797 12, 445 22, 758 3,490, 351 1, 958, 891 1,656,271 84.3 July__ _ 2,513,090 2, 406,922 22, 756 56,151 27, 261 3, 584, 709 2, 008,439 1, 741, 720 84.3 August _ 2, 571, 028 2, 345, 379 38, 315 161,030 26, 304 3,619,914 1,969,750 1, 875, 760 81.4 p 2 2, , 4 5 9 6 6 2, , 1 8 5 4 8 2 2 2 , , 3 25 3 5 2 , , 7 5 2 5 4 0 3 3 1 2, , 4 3 5 5 9 2 1 16 7 6 3 , , 8 1 5 1 3 1 2 4 5 1 , , 2 6 9 5 0 5 3 3 , , 0 5 1 5 9 5 , , 7 1 1 0 8 5 1 1 , , 8 2 4 1 7 3 , , 9 6 9 8 5 9 2 2, , 0 3 2 3 5 0 , ; 2 9 8 3 7 6 7 62 7 . . 5 6 October '2, 322, 874 2,118,112 33, 296 139, 069 32,397 3,015,658 1,221,292 2, 453, 400 63. 1 No vein her. . 2,241,316 2, 069, 463 27,479 114,816 29, 558 3,131,513 1,321,517 2, 563, 837 65.2 December.. Back figures.—See. Annual Report for 1928 (Table 2) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
KESEEVE BANK CREDIT 41 No. 9.—PRINCIPAL RESOURCES AND LIABILITIES OF FEDERAL RESERVE BANKS, BY WEEKS [In millions of dollars] Bills and securities Bills bought U. S. s e G c o ur v i e t r ie n s ment F e r e r e a d - l serve Dat Bills Un- Un- notes Total co d e u i d s n - t- Total B r o o ig u u h g t- t ht a s g d r a r e e l e r - e e - Total Bo r o i u u g g t h h - t t a s g d r a r e e l e - r e e ment ment 1931 Jan. 7____ 1,223 292 265 254 11. 4 659 658 j 0.93,147 2, 500 2,444 Jan. 14... 1,089 243 196 192 4.4 644 644 3, 231 2, 521 2,464 Jan. 21__. 1,007 230 152 151 1.1 625 625 3,254 [ 2,488 2, 441 Jan. 28.._ 945 215 120 118 1.8 610 610 ! 3,278 ! 2,484 2,425 Feb. 4___ 937 223 104 102 1.9 ! 610 610 3, 281 2,455 2,379 1,477 Feb. 11__ 920 222 88 87 1.5 610 610 3,254 2,4172,365 1,481 Feb. 18.. 200 94 91 3.4 600 600 3, 266 2, 440 2,380 1,450 Feb. 25.. 190 106 105 . 9 599 599 3, 261 2, 428 2,378 1,448 Mar. 4___ 891 191 101 100 1.0 600 600 .5 3, 270 2, 431 2,365 1,460 Mar. 11- 929 173 151 137 13.7 605 600 5.3 3, 281 2,491 2,436 1,446 Mar. 18_. 902 162 123 123 .2 618 618 .3 3,294 ! 2,465 2,436 1,442 Mar. 25.. 847 165 83 83 599 599 .1 3,310 i 2,433 2, 357 1, 442 i Apr. 1_._ 929 164 167 134 33.3 ! 598 598 3, 295 2,446 2,392 1, 498 Apr. 8_- 913 143 172 143 28.9 j 599 599 3, 309 2,443 2,389 1, 505 Apr. 15__ 862 132 131 127 4.3 599 599 3,318 2,406 2,356 1,516 Apr. 22.. 885 135 152 135 17.4 599 599 3, 346 2, 436 2,380 1, 527 Apr. 29._ 924 155 170 134 35.8 598 598 3,352 ! 2,463 2, 408 55 1,528 May 6— 944 150 194 162 32.4 598 598 3,345 I 1, 541 May 13.. 898 145 153 142 10. 8 i 598 598 3,389 i 1, 528 May 20. _ 879 149 131 124 6.9 599 599 3,400 ! 1,551 May 27- 876 153 125 122 3.3 598 598 3,433 1, 552 I June 3__. 907 173 134 126 8.0 I 598 2,484 2,389 1, 584 June 10.- 913 185 127 119 7.9 I 599 2,440 2,398 1, 642 June 17-_ 900 185 107 103 4.1 | 599 2, 472 2, 401 1,668 June 24 __ 947 198 106 103 3.2 619 619 2,557 2,457 1,674 July l.__ 150 103 97 663 663 2,389 1,738 July8___ 932 162 92 89 2.9 668 668 2,440 1,737 July 15-. 921 162 70 70 .3 678 678 2,436 104 1,717 July 22 __ 934 182 67 65 1.6 678 678 2,432 103 1, 731 July 29. _ 935 183 67 63 3.6 678 678 2,415 140 1,736 Aug. 5... 942 189 66 3.0 681 681 3, 595 2,510 2,339 171 1,773 Aug. 12.. 1,065 195 136 101 35.1 728 728 3,618 2,617 2,393 224 1,829 Aug. 19.. 1,118 231 155 154 .7 728 728 3,643 2,606 2,382 224 1,902 Aug. 26- 1,157 242 181 180 1.0 728 728 3,658 2, 634 2,342 292 1, 946 Sept. 2... 1,190 257 198 .4 728 3,633 2,374 243 Sept. 9... 1,192 260 198 197 .8 728 728 3,629 2,290 264 j Sept. 16.. 1,239 263 .218 195 22.9 742 742 3, 648 2,418 228 Sept. 23.. 1,306 310 243 233 9.6 738 738 6,wz 2,280 207 Sept. 30.. 1,558 328 469 450 19.5 742 738 ~3.~9~ 3,301 2,364 143 Oct. 7__. 1,801 463 581 544 36.8 738 738 3,193 2,277 209 2,270 Oct. 14.. 2,104 628 730 716 14.0 727 727 2,994 2,223 296 2,322 Oct. 21. _ 2,224 698 769 766 3.2 727 727 2, 927 2,276 232 2,383 Oct. 28.. 2,198 717 725 724 1.4 727 727 2,903 2,229 231 2,384 Nov. 4— 2,105 705 642 636 5.5 728 727 .5 2,933 2,319 2,122 197 i2,447 Nov. 11.. 2,040 684 597 597 727 727 .4 2,989 2,333 2,099 235 2,450 Nov. 18.. 1,956 662 534 533 727 727 3,043 2,312 2,124 189 2,433 Nov. 25... 1,926 480 479 727 727 3,094 2,316 2,117 198 2,446 Dec. 2__. 1,888 718 423 420 3.7 717 717 3,108 2,258 2,073 185 ' 2,478 Dec. 9... 1,862 725 389 376 13.3 717 717 3,137 2,259 2,086 173 2,485 Dec. 16.. 1,941 307 303 4.2 906 906 3,145 2,309 2,168 141 j 2,528 Dec. 23_. 1,957 911 257 247 10.3 758 758 3,128 2,196 2,001 195 ; 2,661 Dec. 30.. 2,185 ! 1,024 327 251 75.9 803 765 38.~3~ 3,155 2,480 2,323 157 ! 2, 613 1 Includes "other securities." Black figures.—See Annual Reports for 1930 (Table 8), 1929 (Table 7), 1928 (Table 5), etc. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
42 ANNUAL EEPORT OF THE FEDERAL RESERVE BOARD No. 10.—FEDERAL RESERVE BANKS—RESOURCES AND LIABILITIES IN DETAIL, DECEMBER 31, 1931 1 (Amounts in the column to the right are those shown in the board's weekly statement, their components being shown in the column to the left. In thousands of dollars] RESOURCES Gold with Federal reserve agents 2,130,122 Gold redemption fund with United States Treasury 55.616 Gold held exclusively against Federal reserve notes 2,185,738 Gold settlement fund with Federal Reserve Board 314,090 Gold and gold certificates held by banks: Gold coin __ 92,047 Gold bullion and foreign gold coin 50, 350 Gold certificates 346,667 Total gold and gold certificates held by banks 489,064 Total gold reserves 2,988,892 Reserves other than gold: Legal-tender notes 55,320 Silver certificates 105,155 Standard silver dollars 8,295 Total reserves other than gold 168,770 Total reserves 3,157,662 Nonreserve cash: National-bank notes 37,030 Federal reserve bank notes 100 Subsidiary silver, nickels, and cents 35,482 Total nonreserve cash 72, 612 Bills discounted: Secured by United States Government obligations 321,126 Other bills discounted 317,167 Total bills discounted 638,293 Bills bought in the open market: Payable in dollars- Bought outright _. 215,266 Bought under resale agreement 89,992 Payable in foreign currencies 33,429 Total bills bought in open market- 338,687 United States Government securities bought under resale agreement: Liberty bonds 12,485 Treasury bonds. 5,544 Treasury notes 1,500 Certificates of indebtedness 1,100 Treasury bills 21,700 Total United States Government securities bought under resale agreement 42,329 United States securities bought outright: Liberty bonds 285,281 Bonds issued since 1921 56, 403 Other United States bonds 655 Total bonds 342, 339 Treasury notes 31, 540 Certificates of indebtedness 270,100 Treasury bills 130,652 Total United States Government securities bought outright - 774,631 Total United States Government securities 816,960 Other securities: Federal intermediate credit bank debentures 26,185 Federal land bank bonds 500 Municipal warrants 4,463 Total other securities 31,148 Total bills and securities 1,825,088 Due from foreign banks 8662 Federal reserve notes of other reserve banks 20,055 Uncollected items: Transit items . 461,564 Exchanges for clearing house 12,614 Other cash items 23,635 Total uncollected items 497,813 * Before closing of books at end of year. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RESERVE BAKK CREDIT 43 No. 10.—FEDERAL RESERVE BANKS—RESOURCES AND LIABILITIES IN DETAIL, DECEMBER 31, 1931 *—Continued [Amounts in the column to the right are those shown in the board's weekly statement, their components being shown in the column to the left. In thousands of dollars] Bank premises _ ..- 59,590 All other resources: Claims account closed or suspended banks 20,068 Overdrafts—member banks _ 10 Premium on securities 7,650 Interest accrued - 3,066 Deferred charges — 736 Suspense account and miscellaneous assets _ -- 6,030 Total all other resources 37,560 Total resources - - — 5,679,042 LIABILITIES Federal reserve notes outstanding (issued to Federal reserve bank) 2,926,038 Held by banks and branches 288,199 Forwarded for redemption _ _ 13,368 Federal reserve notes in actual circulation 2,624,471 Deposits: Members—reserve account - 1,960,476 Government - 53,637 Foreign bank _ 79,099 Other deposits— Nonmembers' clearing account _ _ 20,648 Officers' checks 4,814 Federal reserve transfer and exchange drafts --- 227 All other.. ._ _- 5,037 Total other deposits 30,726 Total deposits - _ 2,123, 938 Deferred availability items: Government transit items _ _ __ 4,829 All other transit items 473,400 Total deferred availability items _ _._ 478,229 Capital paid in _ 160,568 Surplus - _ 274,636 All other liabilities: Earnings- Gross earnings _ _ _ 29,701 Current expenses _ 27,041 Current net earnings _ 2,660 Add—Profit and loss _ _ 2,810 Deduct— Furniture and equipment 159 Dividends accrued since closing of books 10,028 Net earnings available for depreciation allowances, reserve, surplus, and franchise tax Reserve for self-insurance ._ 5,125 Reserves for losses account failed or suspended banks 3, 976 Miscellaneous reserves _ _ _.. _ 94 Accrued dividends unpaid 942 Unearned discount -- 2,028 Accrued taxes, other than franchise tax, unpaid _ 786 Discount on securities 2,635 Suspense account and miscellaneous liabilities - 1,614 Total all other liabilities _ 17,200 Total liabilities 5,679,042 Contingent liability on bills purchased for foreign correspondents 250,621 1 Before closing of books at end of year. Back figures—See Annual Report for 193 (Table 9), 1929 (Table 8), 1928 (Table 6), etc. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 11.—RESOURCES AND LIABILITIES OF FEDERAL RESERVE BANKS (IN DETAIL) AT THE END OF EACH MONTH [In thousands of dollars] 1930 1931 Dec. 31 Jan. 31 Feb. 28 Mar. 31 Apr. 30 May 31 June 30 July 31 Aug. 31 Sept. 30 Oct. 31 Nov. 30 Dec. 31 RESOURCES Gold with Federal reserve agents 1, 730,439 1, 788, 659 1, 709, 384 1,733,124 1, 782, 314 1,785,864 1,917,864 2,056,339 2,153, 913 1,927, 710 1, 552, 076 1, 734, 676 2,130,122 Gold redemption fund with United States Treasury 35,211 34,844 33, 662 32, 647 32,193 32, 6131 30,166 29,984 29,889 39, 753 70, 561 70,082 55,616 Gold held exclusively against Federal reserve notes 1, 765,650 1,823, 503 1, 743, 046 1, 765,771 1,814,507 1,818,477| 1,948,030 2,086, 323 2,183,802 1,967,463 1,622,637 1,804,758 2,185, 738 Gold settlement fund with Federal Reserve Board 417,440 421, 666 473, 690 499,976 555,046 593, 053 470,161 414, 523 439,052 445,634 372, 556 366, 547 314,090 Gold and gold certificates held by banks. _. 758,129 816,935 853, 633 848,894 791,121 838, 012 990, 493 930, 295 832,838 725, 084 751,144 747,166 489,064 Total gold reserves 2,941,219 3,062,104 3,070, 369 3,114, 641 3,160, 674 3,249,542 3,408,684 3, 431,141 3,455,692 3,138,181 2,746,337 2,918,471 2,988,892 Reserves other than gold.- 140, 298 180,405 173, 760 181, 637 173,423 163,932 167,065 166, 333 163,141 162, 364 156, 738 161, 855 168,770 Total reserves 3,081, 517 3, 242, 509 3,244,129 3, 296, 278 3, 334,097 3,413,474 3, 575, 749 3, 597, 474 3, 618,833 3, 300, 545 2, 903,075 3, 080, 326 3,157,662 Nonreserve cash 79,932 77,181 71,137 73,124 64,127 58, 753 65,421 71,280 71, 228 70, 774 60,446 62,889 72,612 Bills discounted: For member banks 250, 590 231, 678 197,515 250,026 156,939 173,767 148, 664 194,927 254, 580 327,410 718, 579 706,456 626, 790 For intermediate credit banks 737 121 58 371 77 9,073 11,320 11,044 For nonmember banks (secured by adjusted-service certificates) 71 50 48 78 79 94 126 131 122 4381 551 489 459 _[_ Total bills discounted 251, 398 231, 728 197,563 250,225 157,076 173,861 149,161 195, 058 254,702 327,925 728,203 718, 265 638,293 Bills bought: Payable in dollars- Bought outright 288, 763 87,881 84,437 113,380 131,217 119,4871 84, 708 33,737 50,951 400, 218 643,517 412,121 215,266 Under resale agreement 39,098 1,384 578 9,860 30,361 4,893| 10,243 5,244 19,187 19, 505 3,746 6,205 89,992 Payable in foreign currencies 35, 983 36,119 23,958 1,063 1,074 1,073j 10, 551 34, 371 145,215 48,804 33, 501 33, 386 33,429 Total bills bought 363,844 125, 384J 108,973 124,303 162,652 125,4531 105, 502 73,352 215,353 468, 527 680, 764 451, 712 338, 687 United States Government securities: Bought outright 686,064 609,920 599,463 598,431 598,314 598, 336 667,935 677,853 727,873 738,455 727,175 717, 031 774, 631 Under resale agreement 43,403 100 3,890 42,329 Total U. S. Government securities-. 729,4671 609,920! 599,463 598, 531 '8, 336 667, 935 677, 853 727, 873 742, 345 727,175 717,031 816,960 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Other reserve bank credit: Federal intermediate credit bank debentures i, 300 350 900 8,175 6, 250 5,900 13,800 26,990 25,330 26,185 Federal land bank bonds 750 650 500 500 500 500 500 Municipal warrants 843 37 63 146 52 105 4,397 4,463 Foreign loans on gold 18,250 4,768 Due from foreign banks 704 701 70' 699 1,425 10, 726 23,782 8,752 9,297 8,724 8,662 Reserve bank float1 _.. 20,776 12, 328 18, g 16, 553 18,121 17,366 10,011 11,935 9,063 11, 274 8,777 4,939 19, 652 Total reserve bank credit outstanding. 1,373,332 980,061 925, 504; 990,319 37,210 917,402 943,022 975,9701,255,475 1,577,996 2,184,399 1,930, 8981,853,402 Federal reserve notes of other reserve banks. 21, 22,648 15, 874 14,278 16,091 12, 670| 13, 601 15,104 14, 335 16,996 16, 570 15,182 20,055 Uncollected items not included in float 564, 007 403,156 475, 522 463,183 474, 098 450,447! 471, 223 398,432 356, 728 467, 639 398,466 390,861 478, 229 Bank premises. 57,843 58,035 58,192: 58,322 58,420 58, 580 58, 784 58,915 59, 59,225 59, 390 59,475 57, 668 All other resources _._• 22,024 18,624 19, 529 17, 601 17,: 20, 722 25,866 28,406 33, 536 36,359 43,470 41,055 32, 697 Total resources 5, 200, 648 4, 802, 2144,809,887: 4,913,105 4,901,925 4,932,048 5,153, 6665,145, 5815,409,219 5,529,534 5, 665, 8165, 580, 6865, 672, 325 LIABILITIES I Federal reserve notes: Held by other Federal reserve banks 21,993 22,648 15, 874| 14,278 16,091 12, 670 13, 601 15,104 14,335 16,996 16, 570 15,182 20, 055 Outside Federal reserve banks | 1,641,545 1,471,491 1,462,248 1,472,080 1,519,168 1,567,806 1,709,833] 1,749,54" l,948,370j 2,080,797 2, 412,4242,464, 5182, 604,416 Total notes in circulation j 1,663,538 1,494,139 1,478,122 1,486,358 1,535,259 1,580,471 1,723,434| 1,764,651 1,962,705! 2,097,793 2,428,994 2,479, 7002, 624,471 W > Deposits: Member bank—reserve account 2,470, 583 2, 397, 5232,343,373 2,428,081 !, 371,1712,389,288 2,380,518 2, 366, 5822,373,001 2,363,584 2,167,422 2,050, 5961,961,410 Government 18,819 26, 77r 33,136 55,916 34,963 21, 703 46, 573 20,122 70,131 22,243 31, 570 31, 765 53, 637 Foreign bank 5,761 5,753 5,193 5,145 5,606 7, 760 33,912 113,99, 162,205: 95,135 150, 077 142,665 79,099 O Other deposits 21,970 18, 378 17,494 16,515 21, r~ 22, 764 42,652 26, 031 26,996| 25,194 30, 63: 27,437 30, 728 Total deposits 2, 517,133 2,448,427 2, 399,1962, 505, 6572,433,629! 2,441,515 2, 503, 6552, 526, 7302, 632, 3332, 506,1562, 379, 7022,252,463 2,124, 874 2 Deferred availability items 564,007 403,156 475,522 463,183 474,098 450,447 471,223 398,432 356,728 467,639 398,466 390, 861 478,229 Capital paid in 169, 640 169,493 169,131 168,828 168, 600 168, 375 168,188 167,445 167,084 166, 759 164,548 16.3.,.5..9.3. 160,568 Surplus 274, 636 274, 636 274, 636 274,636 274, 636 274, 636 274, 636 274, 636 274, 636 274, 636 274, 636 274, 636 259,421 All other liabilities 11, ""' 12,363 13,280 14,443 15, 703 16, 599 12, 530 13, 687 15, 7331 16, 551 19,470 19,4331 24,762 Total liabilities 5, 200, 6484, 802, 2144,8 4, 913,1054, 901, 9254,932, 0485,153, 6665,145, 5815,409,219 5,529,534 5, 665,8165,580,686! 5,672,325 Contingent liability on bills purchased for I foreign correspondents 439,288 447,444 456,038 430, 779 408,916 380,17 340, 845 242, 97- 227, 988 100,118 99, 333 126,389! 250,621 i Uncollected items in excess of deferred availability items. Back figures.—See Annual Reports for 1930 (Table 10), 1929 (Table 9), 1928 and 1927 (Table 7),3i;3. Ox Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
46 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 12.—CONDITION OF EACH FEDERAL RESERVE BANK AT THE END OF 1930 AND 1931 [In thousands of dollars] Boston New York Philadelphia 1930 1931 1930 1931 1930 1931 RESOURCES Total gold reserves 201,269 213,444 1,007,122 843,738 238,552 227, 704 Reserves other than gold 10,096 17, 355 39,879 37,739 8,874 15,237 Total reserves 211,365 230,799 1,047,001 881,477 247,426 242, 941 Nonreserve cash .. 6,473 7,808 22,285 19,235 5,146 3,656 Bills discounted 13,238 43,205 61,898 149,951 25,663 116,412 Bills bought 25,315 33,431 158,273 163,393 3,496 4,065 United States Government securities __ 49,925 61,002 283,332 309,356 54,204 68,652 Other securities 850 2,130 2,850 14,315 610 5,610 Total "bills and securities 89,328 139,768 506,353 637,015 83,973 194,739 Due from foreign banks 52 685 231 3,173 68 904 Federed reserve notes of other banks 337 234 7,173 6,084 350 624 Uncollected items 65,638 58,575 183,283 164,867 51,802 43,558 Bank premises 3,458 3,336 15,240 14, 8] 6 2,614 2,626 All other resources 76 2,048 8,615 11,242 136 1,397 Total resources 376,727 443,253 1, 790,181 1,737, S 391,515 490,445 LIABILITIES Federal reserve notes in circulation 132,035 194,460 384,976 574,186 153, 727 269, 372 Deposits: Member bank—reserve account 150, 936 149,287 1,062,276 795, 015 142, 539 123, 939 Government 829 2,538 4,113 25,740 1,344 3,551 Foreign bank 425 5,764 1,903 27, 527 558 7,609 Other deposits 65 240 9,555 13, 786 163 391 Total deposits 152,255 157,829 1,077, 847 144,604 135,490 Deferred availability items 59,167 57, 993 178,877 158,126 49,256 41,826 Capital paid in 11,877 11,749 65,578 61,639 16,793 16,600 Surplus 21, 299 20, 039 80, 575 75,077 27,065 26,486 All other liabilities 94 1,183 2,328 6,813 70 671 Total liabilities 376,727 443,253 1,790,181 1,737,909 391, 515 490,445 Cleveland Richmond Atlanta 1930 1931 1930 1931 1930 1931 RESOURCES Total gold reserves 278,471 324, 989 113,220 94,360 150,847 109,561 Reserves other than gold 13,087 6,904 7,095 8, 578 6,061 Total reserves. . 286,567 120,124 101,455 ! 159,425 115, 622 Nonreiserve cash 6,428 4,859 4,556 3,743 ! 4,693 4,368 Bills discounted 37,216 92,609 22, 766 33,377 18,069 34,902 Bills bought 25, 931 5,561 10,936 10,099 15, 755 13,235 United States Government securities. 62, 925 73,251 13, 907 19,081 7,877 13, 938 O ther securities 1,000 700 600 850 Total bills and securities 127,072 171,421 47,609 63,257 42,301 62,925 Due from foreign banks 71 875 30 346 26 312 Federal reserve notes of other banks 1,397 1,489 2,266 1,885 1,685 1,230 Uncollected items | 53,979 41,319 38,140 37,228 12,846 11,839 Bank premises 1 I 6,833 7,807 3,249 3,605 2,573 2,489 All other resources I 990 3,158 967 2,832 4,552 3,111 Total resources __ 483,337 569,004 216, 941 214,351 228,101 201, 896 LIABILITIES Federal reserve notes in circulation _ _ 194,948 320, 335 100,515 109,347 133,854 120,626 Deposits: Member bank—reserve account. 186, 377 147, 646 60,820 47,256 61,014 46, 368 Government 2,240 3,526 444 1,642 1,211 2,047 Foreign bank 575 7,763 241 3,074 207 2,767 Other deposits 2,697 6,167 168 598 479 172 Total deposits 191,889 165,102 61, 673 52,570 62,911 51,354 Deferred availability items.. 50, 765 39,425 36,110 34,532 13,130 12,001 CapitEil paid in 15,813 14,630 5,801 5,478 5,346 5,158 Surplus 28,971 27, 640 12,114 11,483 10,857 10,449 All other liabilities 051 1,872 728 941 2,003 2,308 Total liabilities.. 483, 337 569,004 216,941 214, 351 228,101 201,896 Digitized for FRASER Back figures.—See annual reports for 1930 (Table 11) 1929 (Table 10), and 1928 (Table 8), etc. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RESERVE BANK CREDIT 47 No. 12.—CONDITION OF EACH FEDERAL RESERVE BANK AT THE END OF 1930 AND 1931—Continued [In thousands of dollars] Chicago Minneapolis 1930 1931 1931 1930 1931 RESOURCES Total gold reserves 353, 871 596, 593 104, 329 88,953 64,411 74, 276 Reserves other than gold | 21,591 29, 277 9,303 12, 863 4,258 5,632 Total reserves j 375,462 625, 870 113,632 101, 816 68, 669 79,908 Nonreserve cash ! 11,382 10,859 4,675 3, 773 2,432 1,731 Bills discounted i 22,804 74, 496 11, 301 16,886 3,576 7,571 Bills bought 52, 370 42, 052 10, 788 12, 823 8,411 7,329 United States Government securities 89, 603 105, 531 26, 383 27, 099 27, 302 27, 668 Other securities : 1,000 3,490 233 903 Total bills and securities 165, 777 225, 569 48, 472 57, 688 39, 522 43,471 Due from foreign banks 94 1,232 25 21 16 14 Federal reserve notes of other banks. 2,333 3,105 1,056 1,270 805 810 Uncollected items 68, 622 53, 531 21, 817 10, 366 8,444 Bank premises 8,061 7,827 3,635 3,461 1,926 1,834 All other resources 1, 126 1,297 3,508 1,995 528 1,373 Total resources 632, 857 929, 290 196,820 188,112 124, 264 137,585 LIABILITIES Federal reserve notes in circulation- 139,162 519, 471 84, 599 86, 941 53,558 69,130 Deposits: Member bank—reserve account. 360,832 283, 976 69, 521 59, 456 48,447 45, 827 Government 2,590 3,291 1,089 3,128 1,280 1,961 Foreign bank 770 10, 376 207 2,690 132 1,768 Other deposits 960 691 534 566 139 356 Total deposits 365,152 298, 334 71, 351 65, 840 49, 998 49, 912 Deferred availability items.. 66, 524 51,885 23,934 19, 305 9,776 7,791 Capital paid in 20,145 18, 011 5,053 4,693 3,063 2,951 Surplus 39, 936 38, 411 10, 562 10, 025 7,144 6,356 All other liabilities 1,938 3,178 1,321 1,308 725 1,445 Total liabilities-. 632, 857 929, 290 196, 820 188,112 124, 264 137, 585 Kansas City San Francisco 1930 1931 1930 1930 1931 RESOURCES Total gold reserves 92, 371 97, 771 46, 402 54, 029 290, 354 263, 474 Reserves other than gold. 7,200 7,665 7,126 8,813 Total reserves- 99, 571 105,436 53, 528 61, 975 298, 747 272, 287 Nonreserve cash 2,345 2,653 4,206 3,532 5,311 6,395 Bills discounted 15,042 27, 726 4,342 10, 416 15, 483 30, 742 Bills bought 12, 971 11, 666 8,575 3,019 31, 023 32, 014 United States Government securities_ 31,611 18, 708 31, 316 29,864 51, 082 62, 810 Other securities 400 1,870 Total bills and securities 59,624 58, 500 44, 233 43, 299 97, 588 127,436 Due from foreign banks 21 251 21 260 49 589 Federal reserve notes of other banks.. 1,798 1,482 487 397 2,306 1,445 Uncollected items 31, 675 21,391 17, 362 13,404 29, 253 25, 637 Bank premises 3,803 3,649 1,830 1,785 4,621 4,433 All other resources 241 1,054 551 2,302 734 Total resources 199,078 194, 416 122,218 126, 954 439,110 LIABILITIES Federal reserve notes in circulation. _ 68,424 82, 711 31,901 46, 813 185,839 231,079 Deposits: Member bank—reserve account. 87,705 75, 229 57, 533 48,811 182, 583 138,600 Government 1,597 1,510 673 1,509 1,409 3,194 Foreign ban£ • 173 2,229 173 2,306 397 5,226 Other deposits 54 60 119 246 7,037 7,455 Total deposits 89, 529 79,028 58,498 52,872 191,426 154,475 Deferred availability items.. 27, 711 19, 674 17,964 13, 223 30,793 22,448 Capital paid in 4,311 4,185 4,356 4,135 11,504 11,339 Surplus 8,702 8,124 7,624 18,475 17,707 All other liabilities 401 563 j 2,287 572 2,062 Total liabilities.. 199, 078 194, 416 122, 218 I 126, 954 438, 609439,110 Digitized forB aFcRk AfigSuEreRs. —See Annual Reports for 1930 (Table 11), 1929 (Table 10), and 1928 (Table 8), etc. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
48 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 13.—NUMBER OP MEMBER BANKS DISCOUNTING PAPER AT FEDERAL RE- SERVE BANKS, BY MONTHS, 1914-1931 Month 1914 1915 1916 1917 1918 1919 1920 1921 January... 398 614 309 1,432 3,316 3,461 5,293 February. 469 451 262 1,353 3,091 3,338 5,107 March 570 535 315 1,568 3,575 3,670 5,320 April 606 606 384 2,100 3,875 4,175 5,568 May..... 693 655 590 2,793 4,035 4,642 5,632 June 813 678 900 3,021 4,047 4,948 5,745 July 760 642 960 3,462 3,685 4,858 5,607 August. 711 483 990 3,671 3,460 4,780 5,453 September- 761 448 953 3,464 3,722 4,758 5,427 October 794 383 1,140 3,610 3,839 4,952 5,572 November.. 132 835 336 1,574 3,667 3,649 5,275 5,622 December.. 339 754 314 1,701 5,551 5,676 Year. 1,920 3,127 5,493 5,993 6,941 7,415 Month 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 January—. 5,350 3,294 3,663 2,554 2,838 2,825 2,256 2,691 3,049 2,721 February. 4,847 2,976 3,465 2,415 2,659 2,566 2,104 2,597 2,730 2,375 March 4,701 3,282 3,516 2,731 3,045 2,717 2,405 2,860 2,707 2,369 April 4,738 3,507 3,744 3,016 3,155 2,707 2,522 3,185 2,753 2,185 May 4,636 3,942 3, 795 3,209 3,282 2,858 2,742 3, 391 2,951 2,334 June 4,436 3,999 3,706 3,289 3,458 2,834 2,957 3,414 2,849 July 4,167 4,110 3,432 3, 207 3,190 2,669 2,927 3, 301 2,729 2,344 August 4,042 3,960 3,052 2 979 3, 016 2,511 2,797 3,012 2,466 2,304 September 3,944 3,600 2, 786 2,729 2,879 2,361 2,562 2,822 2,194 2,525 October... 3, 793 3, 752 2,663 2,796 2,856 2,377 2,663 2,917 2,400 3,288 November. 3,859 3,732 2,573 2,876 2,871 2,350 2,639 3,246 2,476 3,210 December, 3,873 3,698 2,783 3,021 3,024 2,345 2,801 3,080 2,839 3, 375 Year 6,956 6, 333 6,060 5,183 5,343 4,869 4, 718 5,113 4, 991 5,260 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EESEEVE BAKK CREDIT? 49 No. 14.—BILLS DISCOUNTED BY FEDERAL RESERVE BANKS—HOLDINGS AT THE END OF EACH MONTH, BY CLASSES [In thousands of dollars] Member bank Rediscounted bills collateral notes End of month T ( o a t l a l l a c m p n u C a d e l p o t r u a c e m g r i r a - a r i l i l -a D n d e d r m a s f a i t g n s h d t B a a a c n n c k c e e e p s r t- s' a T a c n r c a c e d e p s e t- G b S o y m e o b c v l e U u i e g n r . r a e t S n - d . - G b S o y m e o b c v l e U u i e g n r . r a e t S n - d . - w O c i u t s h r e e e s d r e - tions tions 1931 January 231,728 107, 660 45 1,060 589 77,812 44,562 February 197, 563 97,050 35 881 716 62,237 36, 644 March 250,225 79,258 21 747 672 128,873 40, 654 April 157,076 70,766 40 614 931 62,197 22, 525 May 173,861 82,113 29 1,287 1,090 63, 571 25, 767 June 149,161 82,202 15 659 1, 602 45,790 18, 893 July 195,058 88, 637 11 674 2,291 76, 675 26, 770 August 254,702 106,553 22 3 692 2,344 101,063 44,025 September 327,925 107,858 157 3 1,228 1,707 131,244 85, 728 October 728,203 238,937 203 589 2,527 3,217 358,495 124,235 November 718,265 228,053 330 466 2,313 3, 015 362,309 121, 779 December 638, 293 212,416 133 2,355 3,591 317,535 102,263 i Not elsewhere specified. NOTE.—Figures include bills discounted for Federal intermediate credit banks as follows: March, $121,- 000; April, $58,000; June, $370,000; September, $77,000; October, $9,073,000; November, $11,320; December, $11,044,000. Figures also include notes secured by adjusted-service certificates discounted for nonmember banks, as follows: January, $50,000; February, $48,000; March, $77,000; April, $78,000; May, $93,000; June, $126,000; July, $131,000; August, $122,000; September, $437,000; October, $550,000; November, $488,000; December, $458,000. Back figures.—See Annual Report for 1930 (Table 13), 1929 (Table 12), and 1928 (Table 11). No. 15.—BILLS BOUGHT BY FEDERAL RESERVE BANKS—HOLDINGS AT THE END OF EACH MONTH, BY CLASSES [In thousands of dollars] Bills payable in dollars Bankers' acceptances Based on— Bills Based on paygoods able End of month Total Total Total U S p i I n t o n m a i r t t t o t - e e s d s U S p f E n r t o o a i x r t t m - t e e s d s s i c n s h G ( h r w t e i o o o U p o d a u r o r p i . r e s d t e e d e s S s - d ) . c D h o e a x l n l - g ar e c b s o f f e s h o o u t t i r r o w n i p o e e n r t r p i i e e r g g e d i e n n e d n s o A th l e l r a T a c n r c a c e d e p s e t- f j o u c r r i i e n r e i e s g n n between points domestic points 1931 January 125,384 89,265 89,265 10,362 13,488 23, 319 2,574 38, 841 681 36,119 February 108,973 85,015 85, 015 12,713 10, 828 17, 086 1,900 41,945 543 23,958 March 124, 303 123,240 123,240 17,468 22, 767 27,227 3,075 51,597 1,106 1,063 April 162, 652 161, 578 161, 578 24,360 25, 348 37,405 7,751 60,293 6,421 1,074 May 125,453 124, 380 124,380 19, 581 18, 201 19,271 5,922 58, 647 2,758 1,073 June 105, 502 94,951 94,951 15,465 15,815 16, 792 5,236 39, 220 2,423 10, 551 July 73, 352 38,981 7,394 5,744 8,193 1,787 15, 694 169 34, 371 August 215, 353 70,138 70, 111 9,769 8,844 7,894 2,526 38,288 2,790 27 145, 215 September 468, 527 419, 723 419, 723 67,993 55, 322 87, 640 17,412 184, 742 6,614 48, 804 October 680, 764 647,263 647,263 105,382 93, 433 129,078 24,378 285,087 9,905 33, 501 November 451,712 418,326 418,326 61,247 66,261 98, 511 15,824 170,482 6,001 33,386 December 338, 687 305,258 305, 258 43, 047 55, 248 84,008 13, 675 103, 582 5,698 33,429 Back figures.—See Annual Report for 1930 (Table 14), 1929 (Table 13), 1928 (Table 12), etc. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
50 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 16.—HOLDINGS OF BILLS DISCOUNTED AND BILLS BOUGHT BY FEDERAL RESERVE BANKS, BY MATURITIES, 1930-31 [In thousands of dollars] Maturity Date Total W 15 i d th ay in s 16 d a to y s 30 31 d a t y o s 60 61 d a t y o s 90 m 91 t o o d n a t 6 h ys s m O o v n e t r h 6 s Bills discounted: 1930—Jan. 29.. 406,941 304,177 26,116 41,030 25, 263 9,368 987 Feb. 26. 342, 781 253,437 23, 760 36.142 20,012 6,800 2,630 Mar. 26. 206, 829 132,180 17, 966 27, 694 16,462 8,019 4,508 Apr. 30.. 233,452 149,986 17, 292 29, 723 18,878 14,362 3,211 May 23. 247,046 152, 044 20. 736 33, 329 18,431 21, 312 1,194 June 25. 231, 505 135,408 19,476 30,110 22,050 24, 242 219 July 30.. 197,101 105,806 18,141 28, 111 30,414 14, 558 71 Aug. 27. 193, 275 107, 399 16, 853 39, 215 23, 271 6,397 140 Sept. 24. 167,162 93,003 20, 581 30, 206 14,496 3,686 190 Oct. 29.. 201, 603 128, 309 19, 559 30, 871 16, 234 6,020 610 Nov. 26. 233, 852 152, 715 21, 725 30,117 16.958 10, 995 1,342 Dec. 31. 251,398 175, 501 17, 659 26,966 19,459 10, 634 1,179 1931—Jan. 28.. 215,137 131, 600 18,931 30, 584 21,021 10, 924 2,077 Feb. 25. 189,847 117, 738 16, 946 27,188 16,388 8,430 3,157 Mar. 25. 165,425 102, 694 14,152 22,426 14, 236 7,817 4,100 Apr. 29. 155,151 98,316 12,065 19,123 13,143 10, 277 2,227 May 27. 152, 852 86, 762 13, 313 23, 513 12, 864 15, 395 1,005 June 24. 197, 678 126,332 14,470 22, 208 15,907 18, 318 443 J A u u ly g . 2 2 9 6 .. . 2 1 4 8 1 3 , , 7 03 1 6 8 1 1 5 1 5 0 , , 4 0 4 1 6 5 1 17 3 , , 1 7 6 6 0 8 3 2 7 3 , , 6 9 8 4 9 2 2 2 3 2, , 5 3 5 2 9 7 1 6 2, , 9 8 7 7 5 4 4 51 8 3 6 Sept. 30. 327, 925 245,975 19, 562 35, 058 21,808 4,966 556 Oct. 28.. 716, 680 496,925 52, 234 102,795 51,075 12,390 1,261 Nov. 25. 686,401 496,318 63, 758 71, 242 33,918 19,366 1,799 Dec. 30. 1,023, 883 851,308 39, 895 61,106 51,407 18,156 2,011 Bills bought: 1930—Jan. 29.. 258,472 119, 202 48, 576 67,917 22,088 Feb. 26. 299,306 158,895 70, 628 50,007 19, 583 193 Mar. 26. 256,482 172,731 28, 467 40, 634 13,977 673 Apr. 30. 209, 564 110,370 44, 260 39, 864 11,913 3,157 May 28. 175, 560 103, 869 29,069 32, 573 9,177 872 June 25. 102, 313 49, 607 24,092 23,077 4,399 1,138 July 30.. 130, 762 60, 828 19, 938 32,488 16, 368 1,140 Aug. 27. 163, 274 53,960 33, 575 71, 621 4,097 21 Sept. 24. 197,743 105,051 48, 705 39,930 4,047 10 Oct. 29_. 165, 658 48, 200 43, 774 42, 236 31, 333 115 N De o c v . . 3 2 1 6 _ . . 3 1 6 7 3 6 , ,1 8 0 4 6 4 21 6 9 5 , , 8 2 5 7 4 2 44, 203 4 5 7 3 , , 2 8 4 0 9 2 2 1 8 2 , , 1 0 2 8 9 8 1,1 1 3 5 2 9 68,062 1931—Jan. 28.. 120, 241 45,372 17, 745 32,927 23,341 856 Feb. 25. 106, 317 39,496 36, 653 23, 608 5,844 716 Mar. 25. 83, 272 54,399 17,835 9,666 1,245 127 Apr. 29. 169, 765 101, 395 27,321 22,301 18,440 May 27. 124, 501 46, 582 30, 805 42, 768 3,848 June 24. 106, 390 57, 073 27, 832 17, 280 4,088 117 July 29. 66, 536 21,782 7,821 4,303 32, 532 Aug. 26. 180, 518 29,120 25,181 2,128 124,051 Sept. 30. 468, 527 119, 241 60,113 116,763 167,987 4,423 Oct. 28. 724,680 113,109 114, 504 275, 279 214. 263 7,525 Nov. 25. 479, 798 158, 236 139, 364 169, 359 11, 688 1,151 Dec. 30. 326,975 192,124 64,096 50,940 19,056 759 Back figures—See Annual Report for 1930 (Table 15), 1929 (Table 14), 1928 (Table 13), 1927 (Table 13), 1925 (Tables 20 and 25), 1924 (Tables 21 and 30), etc. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BESEKVE BANK CREDIT 51 No. 17.—HOLDINGS OF UNITED STATES GOVERNMENT SECURITIES BY FEDERAL RESERVE BANKS AT END OF EACH YEAR, 1927-1931, BY CLASSES [In thousands of dollars] 1927 1928 1929 1930 1931 TOTAL HOLDINGS Bonds: 2 per cent consols of 1930 915 915 915 915 2 per cent Panamas, 1936-1938 237 237 237 237 () 3 per cent conversion bonds of 1946-47 i 2, 046 i 1, 796 i 1, 796 i 1, 796 1 655 3^ percent Liberty loan 10 51 1 10,102 84, 525 4J-4 per cent Liberty loan 2 278, 698 2 40, 524 2 72. 253 2 103,060 2 213, 240 SH per cent Treasury bonds Qf 1940-1943.. 842 12 5,009 14,854 3% per cent Treasury bonds Of 1941-1943.. 13, 245 2H per cent Treasury bonds of 1943-1947. 2,622 2,784 187 3,202 8,560 4H per cent Treasury bonds of 1947-1952., 148 156 7, 852 717 4 per cent Treasury bonds of 1944-1954 6,019 6,119 "516" 27, 712 7,379 3U per cent Treasury bonds of 1946-1956.. 10 460 3, 900 5,082 Z\i per cent Treasury bonds of 1946-1949.. 10,272 3 per cent Treasury bonds of 1951-1955. — . 1,837 Total bonds 290, 705 53, 884 76, 817 163, 785 360, 366 Treasury notes 69,113 105, 963 215, 604 226, 473 33,038 Certificates of indebtedness.. 256, 698 68, 217 161,916 315, 028 271,199 Treasury bills 56, 250 24,181 152, 354 Total U. S. Government securities. 616, 516 228, 064 510,587 r29,467 ! 816,957 BOUGHT OUTRIGHT In special investment account: 3^i percent Liberty loan 80,025 4H per cent Liberty loan 188,181 33,950 28,048 131,790 Treasury notes 30, 300 35, 301 63, 365 159, 532 20,000 Certificates of indebtedness 204, 678 40, 291 129, 935 223,463 252,283 Treasury bills 50,250 24,181 82, 718 Total in special investment account. 423,159 75, 592 277, 500 435, 224 566, 816 In other accounts: Bonds— 2 per cent consols of 1930 915 915 915 915 2 per cent Panamas of 1936-1938 237 237 237 237 () 3 per cent conversion bonds of 1946-47 i 2, 046 1 1, 796 i 1, 796 i 1, 796 i 655 3J-6 per cent Liberty loan 10 51 1 9,252 4,500 4H per cent Liberty loan 2 75, 403 2 39, 713 2 32, 223 2 60, 244 2 68,965 3% per cent Treasury bonds of 1940-1943 12 5,009 14, 854 ZH per cent Treasury bonds of 1941-1943 11,152 3% per cent Treasury bonds of 1943-1947 2,622 2, 634 187 3,202 8,560 4)4 per cent Treasury bonds of 1947-1952 148 156 7,852 717 4 per cent Treasury bonds of 1944-1954 6, 019 6,019 "416" 20, 712 5,223 3% per cent Treasury bonds of 1946-1956 10 10 3,900 5,082 S}i per cent Treasury bonds of 1946-1949 10, 272 3 per cent Treasury bonds of 1951-1955 542 Total bonds 87, 410 51, 594 35, 787 113,119 130, 522 Treasury notes 21, 913 60, 482 136, 023 48, 581 11, 538 Certificates of indebtedness.. 27,475 9, 465 31,981 89,140 17,816 Treasury bills 6,000 47, 936 Total in other accounts_. 136, 798 209, 791 250, 840 207, 812 Total bought outright.. 559, 957 487,291 686, 064 774, 628 BOUGHT UNDER RESALE AGREEMENT Bonds: 3^ per cent Liberty loan 850 434 percent Liberty loan 15,114 811 6,080 14, 768 12,485 SH per cent Treasury bonds of 1940-1943... 779 ZH per cent Treasury bonds of 1941-1943... "¥, 093 ZH per cent Treasury bonds of 1943-1947... 150 j 4 per cent Treasury bonds of 1944-1954 100 I 100 7,000 2,156 3% per cent Treasury bonds of 1946-1956._. 450 900 3 per cent Treasury bonds of 1951-1955 ~1~295 Total bonds 15,114 2, 290 7, 0S0 22, 618 18, 029 Treasury notes 16, 900 10. ISO 16, 216 18, 360 1,500 Certificates of indebtedness 24, 545 18,461 ! 2,425 1,100 Treasury bills 21, 700 Total bought under resale agreement 56, 559 30, 931 23, 296 43, 403 42, 329 1 Includes $500, 3 per cent loan of 1961. 2 Includes 4 per cent Liberty bonds as follows: 1927, $2,650; 192% $1,250; 1929, $1,200; 1930, $1,050; 1931, $1,950. »$100. Digitized for FBaRcAk SfigEuRre s.—See Annual Reports for 1930 (Table 16) and 1925 (Table 27). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
52 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 18.—UNITED STATES GOVERNMENT SECURITIES HELD BY FEDERAL RESERVE BANKS IN SYSTEM INVESTMENT ACCOUNT, UNDER RESALE AGREEMENT, ETC. (AVERAGE BASIS), 1930-31 [In millions of dollars] Average amount held— Average amount held— Outside system invest- Outside system investment account ment account Month or In sys- Month or In sysperiod t c e m v m o a e e u c s n - n i t n - t t - U a re g n s r d a e l e e e - r c T 1 e u r - r d e r t y a i a f y s i - - G o m U o A t v . e h l e n S e l r r t . n- Total period t c e m v o m a e e u c s n - i n t n - t t - U r a e g n s r d a e l e e e r - c T 1 e u r - r d e r t a y i a f y s i - - G o U m o A t v . h e l e S e n l r r t . n- Total ment cates securi- ment^ cates securities ties 1930 1931 January ___ 278 7 200 485 January. __ 408 7 232 647 February _ 278 3 199 480 February. 402 201 603 Mar. 1-9- 278 2 214 494 Mar. 1-15 402 2 197 601 Mar. 10-201 317 2 61 208 588 Mar.16-231 402 (2) 27 185 614 Mar. 21-31 324 5 199 528 Mar.24-31. 402 197 600 April .327 3 200 530 April 402 1 197 600 May_. ._- 327 1 201 529 May 437 (2) 162 599 June 1—15 355 1 198 554 June 1-14. 444 155 600 June 16i__. 377 18 114 163 672 June 151 __ 444 39 142 625 June 17-30 377 4 202 583 June 16-30. 454 164 618 July 377 5 201 583 July 517 157 674 August 397 1 201 599 August 524 188 712 Sept. 1-14 _ 402 192 594 Sept.1-14.. 524 1 204 729 Sept. 1.5-181 402 52 146 600 Sept.15-171 524 70 160 754 Sept.19-30- 402 198 600 Sept. 18-30. 524 5 211 740 Oetober 402 200 602 October.._ 524 1 208 733 November 402 197 599 November 524 (2) 203 727 Dec. 1-14. _ 402 3 210 615 Dec. 1-14_ . 524 2 197 723 Dec.15-191 402 1 74 213 690 Dec.15-22 i 524 162 190 876 Dec.20-31- 407 10 242 659 Dec.23-31. 566 1 206 773 1 Periods of Treasury financing during which 1-day certificates were held. (See Table 20.) 2 Less than $500,000. Back figures.—See Annual Report for 1930 (Table 17). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
53 RESERVE BANK CREDIT No. 19.—UNITED STATES GOVERNMENT SECURITIES HELD BY FEDERAL RESERVE BANKS IN SYSTEM INVESTMENT ACCOUNT, UNDER RESALE AGREEMENT, ETC. (WEDNESDAY BASIS) [In millions of dollars] Amount held— Amount held— Outside system invest- Outside system investment account ment account In sys- In sys- Date t c e m v m o a e e u c s n - n i t n - t t - U a re g n s r d a e l e e e - r c T 1 e u r - r d e r t a y i a f y s i - - G m o U o A t v . e h l e n e S l r r t n . - Total Date t c e m v m o a e e u c s n - n i t n - t t - U a re g n s r d a e l e e e - r c T 1 e u r - r d e r ti a y a f s y i- - G m o U o A t v . e h e l S n e l r r t . n- Total ment cates securi- ment cates securities ties 1931 1931 Jan. 7 409 1 249 659 July 1 484 179 663 Jan. 14.— 402 242 644 July 8 514 153 668 Jan 21 402 222 625 July 15 524 153 678 Jan. 28.-.. 402 208 610 July 22.... 524 154 678 July 29 524 154 678 Feb. 4 402 207 610 Feb 11 402 207 610 Aug. 5 ___ 524 156 681 Feb 18 402 197 600 Aug. 12__. 524 203 728 Feb. 25.... 402 197 599 Aug. 19___ 524 203 728 Aug. 26 524 204 728 Mar. 4 402 1 197 600 Sept. 2 524 204 Mar. 11. __ 402 5 197 605 Sept 9 524 204 72H Mar. 18.. _ 402 0) 45 170 618 Sept. 16 524 59 159 742 Mar. 25.__ 402 (i) 196 599 Sept 23 524 214 738 Sept. 30___ 524 4 214 742 Apr. 1 402 196 598 , Apr. 8 402 196 599 Oct. 7 524 214 738 Apr. 15_ 402 196 599 Oct 14 524 203 727 Apr. 22 402 196 599 Oct. 21 524 203 727 Apr. 29____ 402 196 598 Oct. 28 524 202 727 M M M Ma a a a y y y y 2 2 6 1 7 0 3 _ _ _ _ _ _ _ 4 4 4 4 4 4 4 2 4 0 4 5 1 1 1 1 5 5 7 5 9 4 4 4 5 5 5 5 9 9 9 9 9 8 8 8 ! N N N N o o o o v v v v . . 2 1 4 1 5 1 8 _ __ 5 5 5 5 2 2 2 2 4 4 4 4 1 2 2 2 2 0 0 0 0 3 3 3 3 7 7 7 7 2 2 2 2 7 7 7 8 Dec. 2 524 193 717 June 3 444 154 598 ! Dec. 9 524 193 717 June 10 444 155 599 Dec 16 524 198 183 906 June 17.... 444 155 599 Dec. 23____ 574 184 758 June 24 464 154 619 Dec. 30_.._ 567 38 198 803 i Less than $500,000. Back figures.—See Annual Report for 1930 (Table 17a). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
54 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. $0.—HOLDINGS BY FEDERAL RESERVE BANKS OF 1-DAY CERTIFICATES OF INDEBTEDNESS ISSUED BY THE UNITED STATES TREASURY, 1924-1931 [In thousands of dollars] Date 1924 1925 1926 1927 1928 1929 1930 1931 Mar. 10 2,000 Mar. 11 -- 1,000 Mar. 13 5,000 Mar 15 i 184, 000 209,000 251,500 201, 000 314,000 '218,000 Mar 16 - - i 184,000 182,000 157,000 177, 500 208, 000 * 181, 000 J 218,000 64,000 Mar 17 108, 500 122, 500 99,000 176,000 1 155,000 1 181,000 105,500 27,000 Mar IS - - 87.000 100, 500 38,000 79,000 1 155,000 129, 000 56, 500 45,000 Mar 19 58,000 58, 500 i 48,000 75,000 60, 500 29,000 22,000 Mar 20 14,000 34, 500 » 48, 000 13,000 19,000 35,000 9,000 Mar 21 i 2,000 16, 000 9,000 1 12 000 Mar 22 - _ i 2,000 9,000 1 12, 000 Mar. 23 3,000 22,000 June 8--10 -- - 4,000 June 15 108,000 246, 000 185,000 192, 500 1 239, 500 38, 500 June 16 66,000 42. 500 141, 500 44, 500 * 82,000 1 239, 500 "1147666" June 17 20,000 8,000 77,000 15, 500 1 82, 000 50, 500 June 18 23,000 i 6, 500 5,000 June 19 -- i 6, 500 June 20 19,000 June 21 1 4,000 1 — Sept. 15 118,000 177, 500 192,000 196, 500 1 15S, 000 104, 500 129,000 gent 16 62 000 94,000 72, 500 91. 500 1 158,000 162, 500 54,000 59,000 Sept 17 35, 000 41, 000 7,000 154; 000 31,000 33,000 45,000 23,000 Sept. 18 -- 5,000 1 54,000 47,000 3,000 Sept 22-23 1 4,000 Oct. 18 i 6,000 Nov 15 89, 500 Nov 16 164, 500 Nov 17 214, 500 Nov. 18 -- - 134, 500 Nov 19-20 1 156, 500 Nov. 21 45, 500 Nov. 22 62,000 Nov 23-24 1 80, 500 Nov. 25 - 20, 500 Nov 26-27 1 27,000 Nov 28 38,000 Nov 30 - - 2,000 Dec 1 I 4,000 Dec. 2 15,000 Dec 3-4 1 27,000 Dec 5 38,000 Dec 6 47, 000 Dec 7 50,000 Dec 8 54, 000 Dec 9 58, 000 Dec 10-11 1 57,000 Dec 12 54,000 Dec 13 50,000 Dec. 14 40,000 Dec 1J5 148,000 172,000 188,000 197, 500 1 316,000 135,000 219, 500 Dec 16 75,000 91,000 70, 000 106, 500 1 316, COO 312, 500 68,000 197, 500 Dec. 17 40,000 34, 500 1 57,000 132,000 99, 500 109,000 184, 250 Dec 18 1 57,000 183.000 69,000 55,000 198, 000 Dec. 19 - 10,000 77, 500 19,000 3,000 1 181, 000 Dec. 20 --- --- 63,000 9,000 1 181,000 Dec 21 » 4,000 107, 000 Dec 22 1 4,000 29, 000 Dec 23 3,000 1 2-day certificates, account Sunday or holiday Back figures {for 1928).—See Annual Report for 1929 (Table 17). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 55 VOLUME OF OPERATIONS OF FEDERAL RESERVE BANKS No. 21.—VOLUME OF OPERATIONS IN PRINCIPAL DEPARTMENTS, 1927-1931 {Number in thousands; amounts in thousands of dollars] 1927 1928 1930 1931 NUMBER OF PIECES HANDLED 1 Bills discounted: Applications 97 123 145 113 Notes discounted _ 371 443 526 415 513 Bills purchased in open market for own account _ _ 254 251 196 208 221 Currency received and counted 2,194, 608 2, 270, 555 2,427, 330 2,441,985 2, 269, 292 Coin received and counted 2,691,184 2,929,091 3, 239. 709 3,325, 555 2, 900,462 Checks handled 862, 275 887, 997 924, 449 904, 97 864,615 Collection items handled: United States Government coupons paid 37,045 28, 765 20. 935 19,362 17, 322 Allother 5,909 6,461 6,504 6,388 6,927 United States Government securitiesissues, redemptions, and exchanges by fiscal agency department 7,201 6,682 1,833 1,417 2,435 Transfers of funds _. 1,830 2,011 2,139 1,868 1,663 AMOUNTS HANDLED Bills discounted _ 31,934, 607 62, 412, 961 60, 747,124 14,067,117 14, 555, 590 Bills purchased in open market for own account _ __ 4,050,867 4, 240, 669 3, 587, 478 3,873,698 2, 998, 415 Currency received and counted 12, 939, 578 13, 315, 551 14, 782,429 14, 262,809 12, 668, 638 Coin received and counted 432,131 451,125 478,219 537, 534 585,945 Checks handled 278, 399,627 301, 703,814 367, 215,123 324, 883,021 248,172, 956 Collection items handled: United States Government coupons paid. 553, 703 543, 373 535, 612 499, 111 479, 960 All other. _ 6, 710, 317 7, 414,440 7,185, 384 7, 528,014 7,321,814 United States Government securitiesissues, redemptions, and exchanges by fiscal agency department __. 10, 803,043 9,002, 383 7,018,844 7, 245,189 17, 543, 480 Transfers of funds 136, 383, 899 148,749,027 (170,789,669 198,880, 880 162,095, 081 i Two or more checks, coupons, etc., handled as a single item are counted as 1 " piece." Back jigures.—See Annual Reports for 1930 (Table 19), 1925 (p. 26), 1924 (p. 14), and 1923 (p. 41). 125554—32 5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
56 ANNUAL, REPORT OF THE FEDERAL RESERVE BOARD GOLD SETTLEMENT FUND No. 22,—SUMMARY OF TRANSACTIONS TROUGH THE FUND, 1924-1931 [In millions of dollars] Daily settlements between Federal reserve banks Balance Inter- Year and month a n t p i e b n r e g i g o 'o i d f n- Transit F re e s d e e r r v a e l tr r a e b n s a e s n r f k v er e s d W raw ith a - ls Deposits a B t p a e e l r n a i n o d c d o e f clearing note clearing 1924 ! 571.1 97,698. 3 0) 919.6 1,921. 8 2, 030. 2 679.5 1925 679.5 108, 289. 5 (0 909.0 1, 779. 0 1, 788. 6 689.2 1926-__. i 689.2 115, 455. 3 635.8 1, 043. 4 3, 029. 2 3, 005. 3 665.3 1927 I 665.3 123, 031. 5 673.2 1,436. 7 3,797. 3 3,660. 3 528.2 1928 I 528. 2 132, 525. 2 658. 4 1,172. 6 2, 855. 6 3,014.4 687. 0 1929 687. 0 145,132. 4 758.7 1,052.1 3,160. 4 2, 984. 5 511. 2 1930_ 511.2 151,458. 3 669.4 1,530. 2 2, 063. 8 1,970. 0 417.4 1931 I 417.4 124, 137. 3 540.1 1, 905. 0 2, 729. 0 2, 625. 7 314.1 1931 ! January 417.4 11, 778.1 49.9 47.5 140.8 145.0 421.7 February I 421.7 9, 346.1 40. 1 91.0 51.6 103.6 473.7 March . I 473. 7 12,018. 7 39.4 298.0 66.7 93.0 500.0 April j 500. 0 11, 423. 2 37.5 239.0 138.1 193.2 555. 0 May. 555.0 10, 527. 2 44.1 181.1 84.5 122.5 593.1 June -. ---j 593.1 11, 933. 4 43.0 163.9 214.7 91.8 470.2 I July | 470.2 10,122. 2 44.6 81.3 179.8 124.2 414.5 August •• 414. 5 9,450. 2 44.6 95.1 105.4 130.0 439.1 September : 439.1 10. 079. 8 46.1 273.1 304. 5 311.1 445. 6 October : 445.6 9. 673.1 51.1 148.5 683.7 610. 6 372.6 November 372.6 7, 826. 0 47.4 81.0 224.2 218.2 366. 5 December I 366. 5 9, 959. 4 52.3 205.4 535.0 482.5 314. 1 1 Included in transit clearing. Back figures—See Annual Report for 1930 (Table 20), 1929 (Table 19), 1928 (Table 20), etc. FEDERAL RESERVE AGENTS' GOLD FUND No. 2$.—SUMMARY OF TRANSACTIONS TROUGH THE FUND, 1924-1931 [In millions of dollars] Year and month B b o e a f g la p i n n e c n ri e i o n a d g t d W ra i w th a - ls Deposits T to ra n b s a f n e k rs f T ro r m an s b f a e n rs k Ba p e l e n a r d n i c o o e d f at 1924 . 1,648.9 626.0 149.5 1,022.8 1,158.3 1, 307. 9 1925 1,307. 9 559.8 126.0 975.6 1, 061. 7 960. 2 1926 960.2 568.2 112.3 1, 799. 4 2,258. 5 963.4 1927.. 963.4 454.2 63.3 2,458. 4 2,914. 3 1, 028. 3 1928 1, 028. 3 473.6 70.5 1, 631. 4 1, 768.1 761.9 1929 . _ . 761.9 358.5 149.9 1, 500. 6 2, 210. 2 1, 262. 9 1930 1, 262. 9 .5 1,101. 7 947.8 1,109.4 1931 _ 1,109. 4 1.0 1.3 1,678. 5 1,819.5 1, 250. 7 1931 January 1,109. 4 94.4 123. 0 1,138. 0 Feb^uarv 1 138 0 66 5 30.2 1,101. 7 M^arch 1 101. 7 32.5 40.8 1,110. 0 April 1,110. 0 55.0 115.3 1,170.3 May 1,170. 3 68.5 65.7 1,167. 5 June 1,167. 5 41.1 180.2 1,306. 5 July 1,306. 5 21.7 159.0 1,443. 8 August 1,443 8 110.5 82.9 1, 416. 2 September 1,416.2 **73 9 135.8 1, 278. 2 October 1,278 2 1.0 514.5 166.5 929.2 November 929.2 .5 104.5 213. 2 1, 038. 3 December 1, 038. 3 .8 295.5 507.1 1, 250. 7 Back figures—See Annual Report for 1930 (Table 21) 1929 (Table 20), 1928 (Table 20), etc. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
AtttttJAL KEPOBT OF THE FEDERAL RESERVE BOARD 57 MEMBERSHIP IN PAR COLLECTION SYSTEM No. 24.—NUMBER OF BANKS ON PAR LIST AND NOT ON PAR LIST, 1924-1931 [The figures for member banks, beginning with March, 1925, represent the number of banks in actual operation; prior to that time the number of banks shown by capital-stock records of Federal reserve banksj 1927 January 9,875 16,484 3,013 9,674 15,361 3,986 9,206 13,852 February 9,856 16,337 3,084 9,662| 15,268 3,990 9,168 13,781 3,833 March ,8201 16,246 3,142 9, 535 15,193 3,981 9,143 13, 700 3,839 April , 806| 16,119 3,185 9,540 15,079 3,963 9,130 13,643 3,858 May 9,785 15,981 3,240 9,550 14,970 3,971 9,110 13, 589 3, 867 June ,763 15,896 3,301 9,546 14, 932 3,965 9,106 13, 556 3,863 July. ,745| 15,820 3,353 9,544 14,888 3,901 9,105 13,528! 3,857 August _ 9,733 15,736 3,419 9,540 14,857 3,907 9,099 13,486; 3,858 September ,718 15,662 3,496 9,545 14.786 9,360 14,130 3,924 October 9, 7081 15,601 3,550 9,532! 14,742 9,336| 14,073 3,935 November 9,700! 15,524 3,612 9,5211 14,701 3,9681 9,301 13,991 3,925 December 9,682 15,445 3,647 9,489| 14,643 3,970 9,260 13,911 3,913 1928 1929 1930 Nonmember Nonmember Nonmember Nonmember End of month banks banks banks banks Mem- Mem- Mem- Member ber ber banks On par Not on banks On par,Not on banks On par Not on ba b n e k r s On parNot on list list list par list! list par list list par list January... 1,014 13,155 3,918 8,807 12,567 3,913| 8,486 11,943 3,728 8,006 10,797 3,413 February. 1,987 13,101 i 3,905 8,777 12, 506 3,909; 8, 447 11,864 3,712 7, 968 10, 718 3,441 March 1.971 13, 035! 3, 910 8,758 12,466 3,901 8, 407 11,776 3, 689 7,924 10, 648 3,427 April 12,960 3,908 8,743 12,411 3,903 8,382 11,703 3,645 7,888 10, 567 3,455 May 8,935 12,925 3, 916 8,731 12, 346 3,829j 8,359 11, 6351 3, 640 7,842 10,471 3,452 June 8,929 12,8881 3,926 8,707 12, 318 3,812; 8,315 11,559 3, 629 7,782 10, 327 3,437 July 8,920 12,864j 3,934 8,677 12, 275 3, 779 8,284 11,485 3,624 7,746 10,238 3,446 August.. 8,912 12,8381 3,936 8,656 12, 242 3, 779 8, 271 11,412 3,632 7,679 10,103 3,429 September 8,899 12,800, 3,954 8,629 12, 221 3,777 8, 252 11,338 3, 62f 7,594 9,883 3,383 October ._ 8.893 12.7581 3,936 8,602 12,175 3, 7691 8,228 11,269 3, 607 7,426 9,541 3,296 November 12,713! 3,9138,569 12,104 3, 761 8,159 11,129 3, 532 7,358 9,431 3,261 December. 8,837 12,643 3,911 8,522 12,045 3,754 8,052 10,956 3,437 7,246 9,181 3,207 1 Reduction from preceding months due largely to exclusion of member banks carried on capital-stock records, but not in actual operation; on this date (March 31,1925) the number of such banks was 108. NOTE.—Nonmember banks not on par list comprise all incorporated banks, other than mutual savings banks, that have not agreed to pay, without deductions for exchange, such checks drawn upon them as are presented for payment by the Federal reserve banks. Back figures.—See Annual Report for 1928 (Table 21). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
58 ANNUAL REPORT OP THE FEDERAL RESERVE BOARD FEDERAL RESERVE BANK PREMISES No. 25«—COST OF BANK PREMISES OF FEDERAL RESERVE BANKS AND BRANCHES TO DECEMBER 31, 1931 NEW BUILDINGS CONSTRUCTED BY FEDERAL RESERVE BANKS Cost of buildings Cost of land, in- Feder o al r r b e r s a e n rv ch e bank m o i c l n o d l g u l i b s d s u i h d n i e e g l d - d , - m e F r a y i c x h a e i n d n d - All other Total l b a c u T n o i d o l s d t t a i a o n n l f g d s v B a n o l e u o t e k , Date occupied net equipment Boston $1, 246, 726 $662, 157$3, 542, 603,$4, 204, 760 $5,451, 486 $3, 335, 841 March, 1922. New York: Main building 4, 850, 210 3,145,152 11, 603, 541 14, 748, 693 19i,, 559988,,903 12,, 635,072 October, 1924. Annex building 592, 679 2"1'"5 , 4"•1"8 1,451,570 2, 259, 667 1,513,721 C1) Cleveland _ - 1, 295, • 1, 549, 894 6, 464, 253 8, 014,147 9, 309, 637 5,040,509 August, 1923. Pittsburgh, 781, 364 317,179 978, 604 1, 295, 783 2,077,147 2,077,147 December, 1931 Richmond: Main building 271, 924 470, 644 2, 046, 286 2, 516,930 2, . 1, 812, 541 October, 1921. Annex building 80, 333 104, 217 482, 482 586, 699 667, 032 267,134 I1) Baltimore 250, 487 322,156 1, 244, 684 1, 566, 840 1, 817,327 1, 525, 548 September, 1928. Atlanta 283, 000 .175, 279 1, 355, 487 1, 530, 766 1, 813, 766 1,121, 226 October, 1918. Birmingham. _ 124,137 46, 788 311,336 358,124 482, 261 360, 068 January, 1927. Jacksonville, _ 45, 842 25, 956 214, 312 240, 268 286,110 189, 692 June, 1924. New Orleans. 201, 250 159, 502 738, 404 897, 906 1, 099,156 648, 225 October, 1923. Chicago | 2,963,548 1, 276, 579 6, 217,105 7, 493, 684 10, 457, 2326,182, 646 July, 1922. Detroit j 650,000 113,161 1, 003, 438 1,116, 599 1, 766, 599 1, 644, 831 December, 1927. St. Louis 1, 355, 374 1,126,036 2,111,809 3,237,845 4,593,219 2, 585,014 June, 1925. Little Rock__ 85, 007 103, 6081 233, 079 336, 687 421, 694 291, 772 March, 1925. Memphis 100, 906 41, 4961 234, 859 276, 355j 377, 261 336, 812 June, 1929. Minneapolis.. 600, 521 620, 054 2, 316, 745 2, 936, 799 3, 537, 320 1, 777, 735 February, 1925. Kansas City 495, 300 777, 940 3,391,101 4,169,041 4, 664, 341 2, 395,113 November, 1921. Denver 101, 512 55, 448 449, 876 505, 324 421, 716 November, 1925. Oklahoma City 65,021 74, 891 409, 890 484, 781 549, 802 345, 923 April, 1923. Omaha 176, 427 70, 487 397, 938 468, 425 644, 852 486, 314 December, 1925. Dallas 181,120 346, 807 1,148, 417 1, 495, 224 1, 676, 344 1,124, 595 March, 1921. El Paso 39, 003 10, 824 111,369 122,193 161,196 112, 600 August, 1920. Houston 66, 313 63,105 285, 908 349, 013 415, 326 306,127 February, 1922. San Antonio-. 75, 002 21, 019 157,811 1 253,832 241, 994 October, 1928. San Francisco. 412, 996 774, 908 3,144, 407 3, 919, 315 4, 332, 311 2, 364,198 December, 1923. Los Angeles 454, 592 282,171 977, 985 1, 260,156 1, 714, 748 1, 619,194 April, 1930. Salt Lake 114, 075 84, 814 341, 449 426, 263 540,338 449, 822 February, 1927. Total. 17, 960,159 13, 037, 690 53, 366, 748 66,404,438 84, 364, 597 53, 213,130 BUILDINGS PURCHASED BY FEDERAL RESERVE BANKS [Amounts shown under "Cost of land" represent appraised value of land—remainder of actual cost included in " Cost of buildings"] New York (No. 10 Gold Street) 45, 000 125, 864 125, 864 170, 864 95,600 (i) Buffalo 255, 000 465, 707 465, 7071 720, 707 572,400 May, 1928. Philadelphia 1, 652, 957 339,584 2,066,932 2,406,516 4,059,473 2,626,467} December, 1917. Pittsburgh 297, 000 138, 994 560, 460 699, 454! 996, 454 689, 322 Nashville 48, 000 25,101 211,616} 236, 717 284, 717 169,428^ December, 1922. Louisville 131,1"" 35, 060 226, 259 261, 319 392,496 247,0071 June, 1919. Helena 5,000 16,109 156, 290 172, 399 177, 399 55,981' February, 1921. Total 2, 434,134 554, 848 3, 813,128 4, 367, 976 6, 802,110J 4, 456,205; Grand total- 20, 394, 293 13, 592, 538 57,179,876 70, 772, 414|91,166,707 57, 669, 335' 1 Occupied by tenants. 2 Estimated cost to complete, $153,628. NOTE:.—No bank buildings or sites therefor have been acquired for the following branches and agencies: Branches—Charlotte, Portland, Seattle, Spokane; agencies—Savannah, Habana. The Cincinnati branch since January 3, 1928, has occupied quarters in the chamber of commerce building, erected on the site leased to the Cincinnati Chamber of Commerce by the Federal Reserve Bank of Cleveland. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL. REPORT OF THE FEDERAL RESERVE BOARD 59 EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS No. 26.—GROSS AND NET EARNINGS OF FEDERAL RESERVE BANKS, AND DISPO- SITION MADE OF NET EARNINGS, 1914-1931 [Figures for epch Federal reserve bank are given in Table 86] Earnings Disposition of net earnings Year Gross Net Div p i a d i e d nds s fe T u r r r r p e a d n l u s t - s o l t U e F a . r x r n a S p m n . a c e i G h d n i t o s t e * o v- o P r f r c o o l a o r f r w s i r t s i a e ( r ( — d d +) ) 1 1914-15 $2,173, 252 -$141, 459 $217, 463 -$358, 922 1916 5,217,998 2, 750,998 1, 742, 774 +1, 008, 224 1917 . 16,128, 339 9, 579,607 6,801,726 $1,134, 234 $1,134, 234 +509,413 1918 67,584,417 52, 716, 310 5, 540, 684 48, 334, 341 -1,158,715 1919 102,380, 583 78. 387. 504 5, 011,832 70, 651, 778 2, 703, 894 1920 181 296,711 149 294.774 5,654,018 82,916.014 60, 724, 742 1921 . -. 122,865, 866 82, 087, 225 6, 119,673 15,993,086 59, 974, 466 1922 50,498,699 16, 497. 736 6, 307, 035 -659,904 10, 850, 605 1923 50, 708, 566 12. 711, 286 6, 552, 717 2, o45, 513 3,613,056 1924 38, 340, 449 3, 718,180 6, 682, 496 -3, 077, 962 113,646 1925 41, 800, 706 9, 449, 066 6,915, 958 2,473,808 59,300 I 1926 47, 599, 595 16,611,745 7,329,169 8,464, 426 818,150 1927 43,024,484 13,048, 249 7,754, 539 5,044,119 249, 591 1928 64.052,860 32,122,021 8,458,463 21.078,899 2, 584, 659 1929 . 70, 955, 496 36,402, 741 9, 583, 913 22, 535, 597 4, 283, 231 1930 36, 424, 044 7,988,182 10,268, 598 -2,297,724 17,308 1931 29, 701, 279 2, 972, 068 10,029, 760 -15,215,962 Total 970, 753, 344 526,176, 231 110, 970, 818 259, 920, 263 147,126, 882 1 Amount paid as franchise tax for 1922 includes additional franchise tax payments for prior years withdrawn from surplus account on December 31,1922, as follows: For 1920, $270,389; for 1921, $3,129,673. No. 27.—EARNINGS OF FEDERAL RESERVE BANKS, BY SOURCES, 1914-1931 Earnings On On On Deficient From Total discounted purchased u. s. reserve miscellanebills bills Government penalties ous sources securities 1914-15 $2,173,252 $1,218,516 $244, 664 $171, 831 $538,241 1916 5,217,998 1,025,675 1. 560, 918 1,106, 860 $1,157 1, 523, 388 1917 16,128,339 6, 971,479 4, 951. 729 2, 367, 989 194,526 1,642,616 1918 67, 584, 417 48, 348, 007 11,939,808 3, 828, 782 698, 991 2, 768, 829 1919 - 102, 380, 583 80,768,144 13,994, 544 5, 761, 300 727,844 1,128, 751 1920 . . . 181, 296, 711 149,059, 825 22,020,158 7,140,615 1, 573, 335 1, 502, 778 1921 122,865,866 109, 598,675 5, 234,141 6,253, 854 1,177, 562 601, 634 1922 50,498, 699 26, 523,123 5, 628, 956 16, 682, 463 602,951 1,061,206 1923_ 50, 708, 566 j 32, 956, 293 9, 371, 288 7,444,089 521,061 415, 835 1924 38,340,449 15,942,845 5, 709,809 14,712, 593 381, 619 1, 593, 583 1925 41, 800, 706 17, 679, 549 9,103,915 12, 783,001 310, 406 1, 923, 835 1926 47, 599, 595 22, 551, 561 10, 003, 081 12,589,119 382, 946 2,072, 888 1927 43,024, 484 17, 010, 778 9, 206, 677 14,206,174 273, 839 2, 327,016 1928 64,052, 860 38,334,140 13, 020, 535 10, 827, 702 277, 401 1, 593,082 1929 70,955,496 47,790, 662 12, 063, 349 8,163,486 449, 653 2, 488,346 1930 36,424,044 10,672,215 6,081,187 17,273,331 225,748 2,171, 563 1931 29, 701, 279 9, 820, 546 5, 009, 541 12, 428, 297 296, 960 2,145,935 Total 970, 753, 344 636, 272,033 145 144 300 153 741 486 8, 095, 999 27, 499, 526 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEDERAL RESERVE NOTES No. 28.—FEDERAL. RESERVE NOTES—FEDERAL RESERVE AGENTS' ACCOUNTS AT THE END OF EACH MONTH [In thousands of dollars] 1930 1931 Dec. 31 Jan. 31 Feb. 28 Mar. 31 Apr. 30 May 31 June 30 July 31 Aug. 31 Sept. 30 Oct. 31 Nov. 30 Dec. 31 £ Federal reserve notes received from the comptroller 3, 555, 661 3, 563,155 3,524,532j 3,536,673 3,620,024 3,624,721 3,875,942 3,906,795 4,063,382 4,390,821 4,830,561 4, 819, 971 4, 893,971 Federal reserve notes held by Federal reserve agents 1, 462,036 1, 588,156 1,654,300 1,661,031 1,686,940 1,662,644 1,774,363 1,726,374 1,720,065 1,869,174| 2,084,798 2, 046,950 1, 967, 933 Federal reserve notes issued to Federal reserve banks: Held by issuing Federal reserve bank. 430, 087 480, 860 392,110 389, 284 397, 825 381,601 378,145 415,770| 380,612 423, 854 316, 769 293, 321 301, 567 Held by other Federal reserve banks-_ 21, 993 22, 648| 15, 874 14, 278 16, 091 12,670 13,601 15,104i 14,335 16, 998; 16, 570 15,182 20,055 Held by United States Treasury 1,020 1, 275 1, 281 1,019 1,000 1,2881 1,413 853J 1,152 1,236 878 1,246 975 In circulation i 1, 640, 525 1,470,216; 1,460,967 1,471,061 1, 518,168 1,566,518 1,708,420 1,748,694 1,947,218 2,079,561 2,411,546 2,463, 272 2, 603,441 W Total notes issued. 1,870, 232 1,875,642 1,933,084 1,962,077 2,101, 579J 2,180, 421! 2, 343,317| 2, 521, 6472, 745, 7632, 773, 021 2, 926,088 tei Collateral held as security for Federal reserve notes issued to Federal reserve banks: tei Gold and gold certificates in vault- Gold bullion 187, 919 187,919 187,919 187,919 187, 919 187,919 187,919! 187,! 262,468| 157, 575 157, 336 157, 336 157,337 United States gold coin 255, 820 260,040 276, 435 281, 935 278, 935 284, 935 276, 935! 276,9351 296, 935 226,860 154, 885 213, 885 194,035 ft) Gold certificates 177, 270 202,670 143,300 153, 290 145,180 145, 530 146, 480| 147, 655! 178, 280 265,095 310,675 325,125 528,020 In gold T o fu ta n l d i , n F v e a d u e l r t al Reserve Board_. 1,1 6 0 2 9 1 , , 0 4 0 3 9 0 , | 1,1 6 3 5 8 0 , , 0 6 3 2 0 9 1,1 6 0 0 1 7 , , 7 6 3 54 0 1,1 6 0 2 9 3 , , 9 1 8 4 0 4 1,1 6 7 1 0 2 , , 0 2 3 8 4 0 1,1 6 6 1 7 8 , , 3 4 8 8 4 0 1, 6 3 1 0 1 6 , , 3 5 3 3 4 0 , 1, 6 4 1 4 2 3 , , 8 5 3 0 0 9 1 ; 1,4 7 1 3 6 7 , , 6 2 8 3 3 0 ' 1, 6 2 4 7 9 8 , , 1 5 8 3 0 0 6 9 2 2 2 9 , , 1 8 8 9 0 6 1,038, 330 1,2 8 5 7 0 9 , , 7 3 3 9 0 2 i Total gold and gold certificates. 1, 730,439 1, 709, 3841, 733,124 1, 782, 314 1, 785,864 1, 917, 864|2, 056, 339'2,153, 913i 1, 927, 710!1, 552, 076 1, 734, 676 2,130,122 % Eligible paper 507, 788 303,702 265, 365 351,122 292,179 281, 045 231,251! 225, 382 j 316, 536] 712, 450 1, 348, 626 1,107, 313 915,125 Total collateral held 2, 238, 227 2, 092,361 1, 974, 7492,084, 246 2, 074, 493 2,066,909 2,149,1151 2, 281, 721 2, 470, 449 2, 640,160 2,900, 702 2, 841, 989 3,045,247 O W Collateral required as security for Federal > reserve notes 2, 093, 625 1. 974,999 1,870, 232 1, 875, 6421, 933,084 1, 962,077 2,101, 579 2,180, 421 2, 343, 317 2, 521, 647 2, 745, 763 2, 773, 021j2,926,038 Collateral pledged in excess of Federal reserve notes issued 144,602 117, 362 104, 517 208,604 141, 409 104,832 47, 536| 101, 300; 127,132J 118, 513 154, 939 119,209 i This figure corresponds with that given under the same caption in Table 35. It differs from that given in Table 11, by the amount of Federal reserve notes held by (a) other Federal reserve banks and (b) the United States Treasury. Back figures—See Annual Report for 1930 (Table 26), 1929 (Table 25), 1928 (Table 25), 1927 (Table 76), etc. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOLD STOCK, GOLD MOVEMENTS, AND MONEY IN CIRCULATION 61 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOLD No. 29.—MONETARY GOLD STOCK1 OF THE UNITED STATES, 1914-1931 [In millions of dollars. For figures by weeks see Tables 3 and 4] End of month figures End of month 1915 1916 1917 1918 1919 1920 1921 1922 January 1,923 1,822 2,325 2,922 3,160 3,162 2,930 2, 966 3,685 February.. 1,919 1,838 2,325 2,996 3,162 3,165 2,887 3,000 3,723 March 1,931 1,869 2,323 3,105 3,165 3,165 2,850 3,086 3,750 April 1,942 1,893 2,318 3,137 3,166 3,177 2,841 3,164 3,764 May 1,929 1,929 2,336 3,133 3,172 3,177 2,856 3,231 3,771 June _. 1,891 1,986 2,445 3,220 3,163 3,113 2,865 3,275 3,785 July 1,859 2,007 2,506 3,190 3,162 3, 064 2,862 3,347 3,829 August 1,853 2,076 2,549 3,165 3,161 3,125 2,851 3,439 3,855 September. 1,844 2,124 2,630 3,151 3,153 3,147 2,873 3,519 3,873 October. _. 1,808 2,198 2,714 3,153 3,156 3,103 2,868 3,572 3,888 November. 1,807 2,260 2,736 3,154 3,159 3,044 2,897 3,627 3,906 December. 1,813 2,312 2,843 3,155 3,160 2,994 2,926 3,660 3,929 End of month 1923 1924 1925 1926 1927 1928 1929 1930 1931 January... 3,953 4,289 4,423 4,412 4,564 4,373 4,127 4,291 4,643 February.. 3,963 4,323 4,364 4,423 4,586 4,362 4,153 4,353 4,665 March 3,970 4,364 4,339 4,442 4,597 4,305 4,188 4, 423 4,697 April 3,982 4,411 4,342 4,438 4,610 4,266 4,260 4,491 4,726 May 4,028 4,455 4,357 4,433 4,608 4,160 4,301 4,517 4,798 June 4, 050 4,488 4,360 4,447 4,587 4,109 4,324 4,535 4,956 July 4,079 4, 511 4,367 4,471 4,580 4,113 4,341 4,517 4,949 August 4,111 4,521 4,382 4,473 4,588 4,123 4, 3C0 4, £01 4, 995 September. 4,136 4,511 4,382 4,466 4,571 4,125 4, 372 4,511 4,741 October. _. 4,167 4,509 4,407 4,473 4,541 4,142 4,S86 4,535 4, 292 November. 4,207 4,527 4,397 4,477 = 4, 451 4,128 4,367 4,571 4,414 December. 4,244 4,499 4,399 4,492 4,379 4,141 4,284 4,593 4,4C0 Averages of end of month figures Averages of daily figures Month 1914 1915 1916 1918 1919 1920 1921 1922 January. _. 1,918 1,817 2,319 2,882 3,152 3,160 2,961 2,931 3,672 February. . 1,921 1,830 2,325 2,959 3,159 3,162 2,909 2,975 3,704 March 1,925 1,854 2, 324 3, 050 3,162 3,161 2,859 3,040 3,736 April 1,936 1,881 2,320 3,121 3,163 3,166 2,821 3,117 3,756 May .- 1,935 1,911 2,327 3,135 3,163 3,176 2,835 3,197 3,768 June 1,910 1,957 2,390 3,177 3,162 3,169 2,854 3,254 3,776 July 1,875 1,996 2,475 3,205 3,161 3,087 2, 862 3,305 3,803 August 1,856 2,042 2,528 2 3,183 3,157 3,114 2,855 3,392 3,840 September. 1,848 2,100 2,590 2 3,152 3,156 3,143 2,847 3,479 3,860 October. _. 1,826 2,161 2,672 2 3,151 3,151 3,120 2,855 3,547 3,884 November. 1,807 2,229 2,725 2 3,153 3,155 3,070 2,873 3,595 3,896 December. 1,810 2,286 2,789 2 3,153 3,156 3,021 2,894 3,643 3,917 Averages of daily figures Month 1923 1924 1925 1926 1927 1928 1929 1930 1931 Tanuary... 3,945 4,266 4,468 4,407 4,527 4,377 4,115 " 4, 282 4,622 February.. 3,960 4,302 4,392 4,425 4,576 4,373 4,143 4,317 4,656 March 3,966 4,340 4,340 4,444 4,595 4,335 4,166 4,384 4,682 April 3,975 4,383 4,340 4,448 4,601 4,287 4,226 4,443 4,711 May 3,993 4,433 4,353 4,434 4,651 4,207 4,292 4,505 4,767 June .- 4,040 4,471 4, 360 4,438 4,C06 4,119 4,311 4,528 4,865 July 4,061 4,503 4,362 4,460 4,575 4,113 4,335 4,532 4,958 August 4,097 4,516 4,372 4,467 4,585 4,118 4,351 4,496 4,975 September. 4,123 4,515 4,386 4,471 4,584 4,125 4,368 4,503 4,948 October. _. 4,155 4,506 4,391 4,472 4,566 4,133 4,381 4,520 4,447 November. 4,182 4,517 4,407 4,477 4,490 4,151 4,374 4, 553 4,363 December. 4,226 4,507 4,397 4,481 4,416 4,142 4,324 4,583 4,450 1 Gold coin and bullion (including foreign coin) held by United States Treasury and Federal reserve banks (including gold held under earmark abroad) and United States gold coin in circulation. Amounts held abroad under earmark (end of month figures) as follows: 1917, June-December, $52,500,000; 1918, January-May, $52,500,000; June, $16,271,000; July, $11,630,000; August-December, $5,829,000; 1919, January- March, $5,829,000; August, $107,119,000; September, $159,618,000; October, $149,166,000; November, $135,- 694,000; December, $131,320,000; 1920, January, $114,322,000; February, $112,822,000; March-April, $112,- 780,000; May-July, $111,530,000; August-September, $111,458,000; October, $16,536,000; November-December, $3,300,000; 1921, January-February, $3,300,000; 1927, May, $59,548,000; June, $23,300,000. 2 Averages of daily figures. e Corrected. 63 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
64 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 30.—ANALYSIS OF CHANGES IN MONETARY GOLD STOCK, BY MONTHS, 1914-1931 [In millions of dollars] Analysis of changes Analysis of changes Month m a s G t t o o o e o n c f n l k d t d h m d c s r u t I o e o i n r n a n c i - s n k t e h g ! ; im g N o p e l o d t rt N m f l e e r e a o a a t r m r s k - e re 1 - m t d e p D i t u r t o e i o o c c s c n - - - - .2 , Month m a s G t t o o o e o n c f n l k d t d h m d c s u r t I o e i o n r n a n c i - n s k t e h g im g N o p e l o d t rt N m f e r e a o a t r r m k - re i - m t d e p D i t u r t o e i o o c c s c n - - - - .2 , 1914 1918 January - 1,923 9.3 3.5 5.7 January 3,160 5.1 .7 4.4 February 1, 919 -3.5 -5.9 2.3 February 3,162 2.1 -2.5 4.7 March 1,931 12.0 6.2 6.8 March 3,165 2.4 Q 3.3 April 1,942 10.6 3.1 7.5 April 3,166 1.4 -!s 2.2 May... - 1,929 -12.5 -14. 9 2.4 May _. 3,172 5.6 3.0 2.6 J Ju u l n y e --- - I 1 f , ! 859 - - 3 3 8 1 . . 4 9 - - 4 3 4 0 . . 3 3 -1 5 .7 .9 J J u u l n y e 3 3, , 1 1 6 6 2 3 -8 -. . 4 8 - 2 4 9 .6 .2 -3 -4 6. . 2 6 -1 8 .8 .8 August 1,853 -6.0 -15.1 9.1 August 3,161 -1.7 -1.7 -5.8 5.8 September ___ 1,844 -8.9 -19.1 10.3 September 3,153 -7.5 .3 -7.9 October 1,' ' -35.6 -44.4 8.7 October 3,156 3.1 1-7 3.8 N D o e v ce e m m b b e e r r . — — . 1 1 , , 8 8 0 1 7 3 -1 6 . . 6 4 -7 4 .1 .0 2 5. . 6 4 N D o ec v e e m m b b e e r r —... 3 3 , , 1 1 6 5 0 9 2. . 8 8 — l .2 !l 3. . 9 7 Total.. -100.2 -165. 2 . 65.0 Total. 4.! 21.0 -46.7 30. e 1915 1919 January 1, 822 8.9 6.2 2.7 January 3,162 2.4 -1.3 3.6 February 1,838 16.2 11.7 4.6 February 3,165 2.6 .8 1.8 March 1, 31.2 24.7 6.5 March 3,165 .2 6.7 .1 -6.6 April 1,893 23.4 15.4 8.0 April 3,177 12.0 4.9 1.0 6.1 May 1,929 36.7 29.9 6.8 May 3,177 -.9 1.1 June 1,986 56.1 49.5 6.6 June 3,113 -610| -56.8 -7.2 July 2,' 21.2 15.1 6.1 July— 3,064 -49.2| -52.8 3.6 August 2,076 69.6 60.5 9.1 August 3,125 60.8 -42.7 107.1 -3.6 September— 2,124 47.2 40.0 7.2 September 3,147 22.0 -27.6 52.5 -2.9 October 2,198 74.4 76.7 -2.3 October 3,103 -43.8 -39.2 -13.5 8.9 November 2,260 61.9 57.3 4.5 November 3,044 -58.9 -49.5 -14.5 5.1 December 2, 312 52.2 33.5 18.7 December 2,994 -50.2 -33.3 -5.4 -11.4 Total— 499.1 420.5 78.5 Total. -165. 8 -291. 127.4 -1.6 1916 1920 January 2,325 13.1 8.3 January 2,930 -64.6 -35.8 -18.0 -10.8 February 2,325 -.2 -7.7 7.5 February 2,887 -42.5 -38.4 c -3.6 March 2,323 -2.0 -1.0 -2.4 1.4 March 2,850 -36. -30.1 -L0 -5.5 April __. 2,318 -5.2 -5.4 -2.2 2.3 April 2,841 -9.2 3.9 -3.0 -10.1 May 2,336 18.6 15.4 3.2 May 2,856 14.4 8.1 -2.3 8.6 June 2,445 108.3 114.4 -.5 -5.6 June 2,865 9.8 21.4 —1.5 -10.1 July 2,506 61.1 52.7 8.7 July 2, -3.21 -2.1 -3.0 1.9 August 2,549 43.7 29.5 14.3 August 2,851 -11.71 -9.6 -2.1 September 2,630 80.8 85.7 -4.5 September 2,873 22.2 22.0 -1.0 October 2,714 83.3 90.5 -7.1 October 2,868 -5.0 90.8 -97.4 1.6 November... 2,736 22.6 20.6 1.9 November 2,897 29.5 37.0 -13.7 6.2 December 2,843 106. 130.6 —.1 -23.9 December—.. 2,926 28.4! 27.6 -1.5 2.3 Total.. 530. 530.2 -6.1 Total. -68. 4 95.0 -145.0 -18.3 1917 1921 January 2,922 78.8 38. 40.6 January 2,966 40.4 30.9 -4.0 5.5 February 2, 996 74.1 81. -7.6 February 3,000 33.6 41.6 -2.0 -6.0 March 3,105 109.4 121. -12.2 March 3,086 86.3 86.6 -3.3 3.1 April 3,137 31.8 15. 16.4 April .__. 3,164 77.6 80.3 2.7 May._. 3,133 -3.4 2.0 May 3,231 67.6 57.1 10.5 June.. 3,220 86.8 24! 52. 10.1 June 3,275 43.5 42.8 -3.0 3.7 July 3,190 -30.2 -41. 11.6 July 3,347 72.3 60.5 5.0 6.8 August. _ 3,16J -25.2 -27. 2.8 August. 3,439 92.5 84.2 8.2 September 3,151 -14.2 -27. 13.1 September. __ 3,519 79.7 63.6 10.0! 6.1 October 3,153 2.6 -7. 9.6 October 3,572 53.1 39.5 8.0 5.5 November 3,154 -4. 4.8 November 3,627 54.6 50.7 3.9 December 3,155 1.3 12. -11.2 December 3,660 33.5 29. 4.0 Total 312.2 180.6 51. 7 I 80.0 Total. 734.6 667. 18.7 48.5 1 Gold released from earmark at Federal reserve banks less gold placed under earmark, with allowance made for change in gold earmarked abroad for account of Federal reserve banks. (See Table 29.) * This figure, derived from preceding columns, represents the excess of domestic production over nonmonetary consumption of gold—chiefly consumption in the arts. In any given month, however, it may be predominantly affected by the fact that on the final day of the month (a) gold bullion or foreign gold coin recently imported may not yet have reached a reserve bank or the Treasury, (6) gold bullion recently withdrawn from stocks for export may not yet have been actually exported, and (c) gold bullion may on rare occasions be earmarked for foreign account in the vaults of a commercial bank. The figures are subject to certain unavoidable inaccuracies in official reports of gold imports and exports, particularly Digitized forin F tRheA wSaErR an d immediate postwar periods. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOLD 65 No. 30.—ANALYSIS OF CHANGES IN MONETARY GOLD STOCK, BY MONTHS, 1914-1931—Continued [In millions of dollars] Analysis of changes Analysis of changes Month m a s G t t o o o o e c n f n ld k t d h m c d s r t u I e o o i n r n a n c i - s n k t e h gim g N o p e l o d t rt N m l f e e r e o a a a t r m r s r - k e e- m t d p D e i t o u r t i e o o c c c n s - . - - - , Month m a s G t t o o o o e n c f l n d k t d h d m c s u r t I e o o i r n n a i n c - n s k t e g h im g N o p e l o d t rt N m l f e e r e o a a a t r r m s r - k e e- m t d p D e i t u r o t e i o o c c c n s - . - - - , 1922 January 3,685 24.7 25.7 -1.0 January 4,412 12.2 16.3 -6.0 2.0 February 3,723 38.4 27.0 11.4 February. _. 4,4231 11.5 21.6 -11.0 1.0 March 3,750 26.7 32.5 -5.8 March 4,442 18.4 39.2 -23.0 2.2 April.. 3,764 14.2 10.7! 3.5 April 4,438 -3.4 -4.8 1.4 May 3,771 7.2 5.6 1.6 May _. 4,433 -4.8 -6.4 1.6 June 3,785 13.2 11.4 1.8 June 4,447 14.0 15.5 -1.0 July 3,829 44.0 42.3 1.6 July. 4,471 23.7 14.8 4.0 5.0 August 3,855 26.1 18.1 8.0 August 4,473 2.01 -17.8 19.2 .6 September.. 3,873 18.1 23.1 -5.0 September... 4,466 -7.4 -7.1 -2.4 2.1 October 3,888 15.1 3.3 -1. 13.3 October 4,473 7.7 7.7 November... 3,906 18.1 14.9 -.2 3.5 November... 4,477 3.2 9.0 -7.5 1.7 December. _. 3,929 22.8 23.7 -2.0 1.1 December... 4,492 15.4 1.0 4.6 Total.. 268.5 238.3 -3.7 33.9 Total.. 92.1 97.8 -26.3 21.1 1923 1927 January 3,953 23.7 24.3 -1.6 1.0 January 4,564 72.3 44.5 19.5 8.3 February 3,963 10.9 7.0 4.3 -.4 February 4,586 21.31 19.9 3.2 -1.8 March 3,970 6.9 5.6 1.3 March. 4,597 11.1 10.8 -1.5 1.8 April 3,982 11.4 8.5 1.0 1.8 April 4,610 12.9 11.9 -1.0 2.0 May 4,028 46.2 45.3 .9 May 4, 6081 -1.4 31.7 -35. 5 2.3 June. 4,050 21.7 18.9 2.8 June 4,587 -20.9 12.8 -36.7 3.0 July 4,079 29.3 27.4 -1.5 3.3 July 4,580 -7.5 8.9 -23.1 6.7 August 4,111 32.6 30.7 2.0 August 4, 5881 8.5 6.4 -2.5 4.7 September... 4,136 25.0 26.9 .5 -2.4 September.. 4,571 -17.5 -11.5 -9.0 2.9 October 4,16' 30.6 28.5 -2.0 4.1 October 4, 5411-30. 2: -8.6 -25.0 3.5 November... 4,207 40.0 39.0 1.0 November... 4,451! -89.7 -53. -40.0 3.5 December. _. 4,244 36.8 31.9 4.9 December. _. 4,379 -71.7 -67.4 -8.5 4.2 Total.. 315.1 294.1 20.3 Total- . -112.8 6.1 -160.2 41.3 1924 1928 January 4,289 45.5 44.9 January 4,373l -6.0 -13.8 5.5 2.3 February 4,323 33.8 34. -1.4 February 4, 362j — 11.21 -11.1 2.9 -2.9 March 4,36' 40.5 33.5 -2.5 9.4 March 4,305 -57.61 -94.9 35.8 1.5 April 4,41 47.3 44.0 -.6 3.9 April 4,266! -38.7 -91. 45.7 6.7 May 4,455 44.2 40.5 1.0 2.7 May 4,160,-105. 7 -81, -26.5 2.6 June 4,488 33. 24. 2.0 6.3 June .-. 4,109 -51.0 -79. 30.1 -1.2 July 4,51 23.0 18.5 -2.6 7.0 July.. 4,113 3.4| -63. 60.9 6.4 August 4,521 9.6 15.8 -8.0 1.8 August 4,123 10.3 5. 3.6 September. .- 4,51 -9. 2.1 -13.2 1.5 September.. 4,125 2.1 -1.2 2.8 N O o ct v o e b m er ber... 4 4, , 5 5 0 2 9 7 -2 17 .0 .4 1 1 5 3 . . 6 2 -1 - 7 . . 5 0 - 4 .5 .7 N O o ct v o e b m er ber... 4 4 , , 1 1 4 2 2 8 -1 1 4 7 . . 0 3 1 6 3. . -25 1 . . 0 2 2 4. . 3 8 December.,. 4,499 -27.2 -29.4 -1.5 3.7 December. _. 4,141 13. 2] 23. -15. 5.6 Total.. 255.6 258.1 -42.2 Total.. -237.8-391. 119. 34.5 1925 1929 January 4,423 -76.6 -7.3 January 4,127 -14.4 47. -65.0 3.4 February- 4,369 -53.5 -47.0 -6.4 -.1 February 4,153 26.4 25. .9 March 4,346 -23.2 -17.8 -9.3 3.8 March 4,188 34.4 24. 7.5 2.1 April 4,350 3.6 -12. 14.9 1.5 April... 4,260 72.4 23. 48.6 May 4,361 11.5 -2.0 16.0 -2.5 May 4,301 40.6 23. 16.1 June 4,365 3.4 -2.3 5.1 .6 June 4,324 23.4 30. -7.5 .7 July 4,370 5.5 5.8 -3.1 2.8 July 4,341 16.3 34. -22.0 3.6 August 4,383 12.6 2.7 11.6 -1.7 August 4,360 18.9 18. -1.0 1.5 September., 4,382 -1.2 -2.7 1.5 -. 1 September— 4,372 12.1 17. -6.6 1.1 October 4,407 25.9 22.7 2.9 .4 October 4,386 14.4 17. -4.5 1.4 November.. 4,397 -10.0 -13.9 2.0 1.9 November 4,367 -19.2 -23. 1.0 3.0 December.. 4,399 2.0 1.2 -2.0 2.7 December 4,284 -82.9 -64.4 -22.0 3.5 Total. -100.1 -134.4 32.2 2.1 Total., 142.5 j 175.11 -55.4 22.8 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
66 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 30..—ANALYSIS OF CHANGES IN MONETARY GOLD STOCK, BY MONTHS, 1914-1931—Continued [In millions of dollars] Analysis of changes Analysis of changes Month m a s G t t o o o o e n c f n ld k t d h c d s r u t I e i o n r n a c i - s n k e g im g N o p e l o d t rt N m l f e e e ro a a t a r m s r r - e k e - I j m p t D i t d r e o i o o c u s n - - - e , - Month m a s G t t o o o e o n c f n ld k t d h d c s u r t I e i o r n n a c i - n s k e g im g N o p e l o d t rt N m l f e e e ro a a t a m r s r r - e k e- m t d p D i t o u r i e o o c n c s - - - , month etc. month etc. 1930 1931 January 4,291 6.8 4.0 .5! 2.3 January 4,643 49.4 34.4 11.9 3.1 February.... 4,353 61.9 60.0 1.9 February 4,665 22.0 16.1 2.5 3.3 March 4,423 70.2 55.5 15.0 o March 4,697 32.0 25.6 3.0 3.3 April 4,491 68.5 65.7 .5 2.3 April 4,726 28.7 49.5 -7.5 -13.3 May 4,517 25.9 23.5 2.0 .5 May 4,798 72.4 49.6 4.0 18.8 June 4,535 17.6 13.9 2.0! 1.7 June 4,956 158.0 63.8 92.3 1.9 July _. 4,517 -18.4 -19.6 -3.0 4.3 July 4,949 -6.6 19.5 -29.7 3.6 August 4,501 -15.5 -19.6 4.2 August 4,995 45.7 57.5 -16.0 4.2 September. 4,511 10.2 2.5 4.0; 3.7 September.. 4,741 -254.3 20. 279.1 4.2 October 4,535 23.3 26.4 -6.1 3.1 October 4,292 -448. -337. 7 107.6 -3.1 November.. 4,571 36.8 35.2 -2.1 3.8 November... 4,414 122. o! 89.4 28.3 4.2 December.. 4,593 22.1 32.7 -15.2 4.5 December. _ 4,460 45.8 56. -22.9 11.9 Total 309J 280.1 -2.4 31.9 Total.. -133.4 145.31—320.8 42.1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOLD 67 No. 31.—GOLD l EARMARKED BY FEDERAL RESERVE BANKS FOR FOREIGN ACCOUNT, BY MONTHS, 1916-1931 [ID thousands of dollars. For other statistics of earmarked gold see Table 29, note 1] End of month 1916 1917 1918 1919 1920 1921 1922 1923 January 6,097 6,942 6,942 6,000 18,010 5,329 February. _ 6,097 6,942 6,942 5,000 20,000 1,000 March * 2,391 6,097 6,942 6,842 6,000 20,000 1,000 April 4,571 6,097 6,942 9,000 20,000 May 4,571 6,097 6,942 10,000 20,000 June 5,071 6,097 6,942 11,500 23,000 July 5,402 6,097 6,942 14, 500 18,000 1,500 August 5,502 6,778 6,942 16, 500 18,000 1, 500 September . 5,955 6,942 6,942 17, 500 8,000 1,000 October 5,981 6,942 6,942 3,000 20, 000 1,500 3,000 November. 5,981 6,942 6,942 4,000 20, 500 1, 700 3,000 December- 6,097 6,942 6,942 5,000 22,000 3,700 3,000 End of month 1924 1925 1926 1927 1928 1929 1931 January... 3,000 46,023 19,012 19,779 193,919 144,898 134,794 February.. 2,407 52,389 30,012 16, 599 191,051 144,898 134,794 March 4,859 61,714 53,000 18,101 155,251 137, 391 119,79o April 5,417 46, 864 53,000 19,101 109, 511 88,821 119,295 May 4,417 30,889 53,000 114,101 136, 050 72,694 117, 295 Tune 2,417 25,814 53, 580 114, 601 105, 997 80, 207 115,295 July 5,000 28,915 49,580 114,417 45,050 102,194 118,295 August 12,984 17,340 30,380 116,918 39,134 103,194 118,295 September. 26,213 15,839 32,780 125,918 40,334 109, 795 114,303 October... 43, 213 12,969 32, 776 150,919 39,134 114,296 120, 410 November. 43,713 10,969 40, 274 190,919 64,136 113,292 122, 536 December. 45, 213 12,969 39,266 199,419 79,897 135, 295 137,695 i Gold bullion (bars) and United States gold coin. 2 Fjrst transaction Mar. 21,1916. No. 33.—GOLD IMPORTS INTO AND EXPORTS FROM THE UNITED STATES, BY COUNTRIES, 1928-1931 [In thousands of dollars! Imports into United States Exports from United States From— 1928 1929 1930 1931 1928 1929 1930 1931 Belgium 1 24 Belgium 2,000 15, 607 France 154 202 133 19,394 France 308,002 65, 381 73, 8081363, 908 Germany 1 46, 773 27 37,073 Germany 28, 759 2,384 201 1,047 Great Britain 37, 52462, 396 14 7,015 Great Britain 32, 525 21, 086 289 219 Italy —- 2 5 4 9 Italy 26,093 3,000 5,320 Netherlands 5 17 Netherlands 4,000 1 50, 327 Spain 1 75 93 40 Poland and Danzig.. 6,000 5,010 1 620 Sweden 75 502 5,573 Portugal Canada 102, 37173,880 43, 61881, 252 Sweden 1,341 35 Central America 1,041 1,030 1,697 1,090 Switzerland 10,007 19, 823 Mexico 4,610 9,174 20, 80525,319 Canada 22, 641 3901 36, 746 116 West Indies 631 423 2,184 Central America 323 1,052 100 Argentina 4,500 72,478 20,272141,263 Mexico 4,490 3,605 415 3,052 Bolivia 4 3,589 2,730 15 West Indies 101 33 Brazil 87, 776 16 Argentina 69,400 50 Chile - 624 528 438 260 Brazil 25, 012 Colombia 1,374 5,292 9,097 15,116 Colombia 2,053 Ecuador... 1,483 1,373 1,551 1,015 Peru 1,082 Peru 1,458 1,921 6,896 7,522 Uruguay Uruguay 250 8,354 6,080 Venezuela Venezuela 481 383 4,747 1,073 British India Australia 3 4,870 54 2,643 British Malaya British India 2 8,064 China China 1,077 10, 32619,683 Dutch East Indies... Dutch East Indies... 1,262 1,199 1,752 4,870 Hong Kong Hong Kong — 650 12,286! 14,641 Japan Japan 4 156,609199,328 Turkey. New Zealand 773 715 220 185 All other Philippine Islands. _. 1,773 3,262 3,715 3,740 Allother 8,749 97 131 Total ..'560,759116,583115,967 Total.. 168,897 291, 649 396, 054 612,119 Back figures.—See Annual Keports for 1930 (Table 29), 1929 (Table 28), 1928 (Table 29), 1927 (Table 19), Digitized fo1r9 F26R (ATaSbEleR 1 02), and 1925 (Table 102). For figures by months (by countries) see Federal Reserve Bulletin http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
68 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 33.—GOLD IMPORTS INTO AND EXPORTS FROM THE UNITED STATES, BY MONTHS, 1922-1931 [In thousands of dollars] Net im- Net im- Year and month Imports Exports p e o xp rt o s r o ts r Year and month Imports Exports p e o x r p t o s r o ts r 1922 1927 January 26,571 863 25, 708 January 59,355 14,890 44, 465 February 28, 739 1,732 27,007 February 22,309 2,414 19,895 March 33, 488 963 32, 525 March 16,382 5,625 10, 757 April „ 12, 244 1,579 10,665 April 14, 503 2,592 11,911 May 8,994 3,407 5,587 May 34, 212 2,510 31, 702 June 12, 977 1,601 11,376 June 14,611 1,840 12. 771 July 42, 987 644 42, 343 July 10, 738 1,803 8, 935 August 19, 092 956 18,136 August 7,877 1,524 6,353 September.-. 24,464 1,399 23,066 September... 12, 979 24,444 —1J,4G5 October...... 20,866 17,592 3,275 October 2,056 10,698 -8,642 November.,. 18,308 3,431 14, 877 November... 2,082 55, 266 -53,184 December 26, 440 2,710 23, 730 December 10,431 77,849 -67, 418 Total.. 275,170 36,875 238, 295 Total.. 207, 535 201,455 6,080 1923 1928 January 32,820 8,472 24,348 January 38,320 52,086 -13,766 February 8,383 1,399 February 14, 686 25,806 -11,120 March 15, 951 10,392 5,559 March 2,683 97,536 -94,853 April 655 8,533 April 5,319 96,469 -91,150 May 46,156 824 45,332 May 1,968 83,689 -81,721 June 19,434 548 18,885 June 20,001 99,932 -79,931 July... 27, 929 523 27,407 July 10, 331 74,190 —63,859 August- 32,856 2,201 30, 655 AugUSt .:. 2,445 1,698 747 September.. 27,804 863 26,941 September... 4,273 3,810 463 October 29, 795 1,307 28,488 October 14,331 992 13, 339 November.., 39, 757 747 39.010 November... 29,591 22,916 6.676 December... 32.641 712 31, 930 December 24,950 1,636 23,314 Total.. 322, 716 28, 643 294, 073 Total.. 168,897 560, 759 -391,862 1924 1929 January 45,136 281 44,855 January 48,577 1,378 47,199 February 35, 111 505 34,606 February 26,913 1,425 25,488 March 34, 322 817 33,505 March 26,470 1,635 24, 835 April 45,418 1,391 44, 027 April :.. 24,687 1,594 23,093 May 41, 074 593 40,481 May 24,098 467 23,630 June 25,181 268 24. 913 June 30,762 550 30,212 July 18,834 327 18, 507 July 35,525 807 34, 718 August 18,150 2,398 15, 752 August.. 19,271 881 18,390 September... 6,656 4,580 2,076 September... 18, 781 1,205 17, 576 October 19, 702 4,125 15,577 October 21,321 3,805 17.516 November... 19,862 6,689 13,173 November... 7,123 30, 289 —23,166 December 10, 274 39, 675 -29,401 December 8,121 72, 547 -64,426 Total-. 319, 721 61, 648 258,073 Total.. 291,649 116, 583 175,066 1925 1930 January 5,038 73,526 -68,488 January 12, 908 3,960 February 3,603 50,600 -46,997 February 60,198 207 59, 991 March 7,337 25,105 -17, 768 March 55, 768 290 55, 478 April 8,870 21, 604 -12, 734 April 65,835 110 65, 725 May 11,393 13,390 -1,997 May 23, 552 82 23, 470 June 4,426 6,713 -2,287 June 13,9bS 26 13, 912 July 10,204 4,417 5,787 July 21,889 41, 529 -19, 640 August 4,862 2,136 2,726 August 19, 714 39,332 -19,618 September.., 4,128 6,784 -2,656 September-.. 13,680 11,133 2,547 October 50, 741 28, 039 22, 702 October 35, 635 9,266 26,369 November. _. 10,456 24, 360 -13, 904 November... 40,159 5,008 35,151 December 7,216 5,968 1,248 December.... 32, 778 36 32, 742 Total.. 128,273 * 262,640 -134, 367 Total.. 396,054 115, 967 280, 087 1926 1931 January 19,351 3,087 16,264 January 34,426 54 34,372 February 25,416 3,851 21,565 February 16,156 14 16,142 March 43,413 4,225 39,188 March 25, 671 26 25, 645 April 13,116 17,884 -4,768 April 49, 543 27 49, 516 May 2,935 9,343 -6,408 May 50, 258 628 49,630 June 18,890 3,346 15, 544 June 63,887 40 63, 847 July 19,820 5,069 14, 751 July 20, 512 1,009 19, 503 August 11,979 29, 743 -17, 764 August 57, 539 39 57,500 September. _, 15, 987 23,081 -7, 094 September... 49, 269 28,708 20, 561 October 8.857 1,156 7,701 October 60, 919 398,604 -337,685 November... 16, 738 7.727 9,011 November... 94, 430 4,994 89,436 December... 17, 004 7,196 9,808 December 89, 509 32, 651 56,858 Total... 213,504 115,708 97,796 Total 612,119 466, 794 145,325 Digitized for FRASER Back figures— See Annual Report for 1927 (Table 20). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 69 MONEY IN CIRCULATION No. 34,—UNITED STATES MONEY IN CIRCULATION,1 BY MONTHS, 1914-1931 [In millions of dollars. For figures by weeks, see Tables 3 and 4] End of month figures End of month 1914 1915 1916 1917 1918 1919 1920 1921 1922 January 3,502 3,253 3,592 3,989 4,136 4,919 5,177 5,303 4,441 February 3,503 3,242 3,603 4,120 4, 315 4,922 5, 360 5,273 4,491 March 3,508 3,264 3,613 4,173 4,396 4,948 5,391 5,124 4,497 April _ . 3,530 3,284 3,621 4,194 4,434 4,943 5,409 5,080 4,468 May 3,533 3,317 3,585 4,256 4,416 4,918 5,452 5,015 4,455 June 3,459 3,320 3,649 2 4, 066 4,482 4,877 5,468 4,911 4, 463 July 3,394 3,323 3,658 3,973 4,564 4,870 5,454 4,797 4, 424 August 3,541 3,402 3,737 3,980 4,776 4,948 5,548 4,740 4,480 September _ _ 3,732 3,455 3,822 4,051 5,027 5,037 5, 616 4,744 4,608 October . __ _ 3,744 3,519 3,876 4,107 5,145 5,127 5,698 4, 695 4, 646 November 3,410 3,544 3,877 4,252 5,195 5,269 5,643 4,651 4,704 December 3,319 3,589 3,966 4,373 5,238 5,378 5,612 4,690 4,817 End of month 1923 1924 1925 1926 1927 1928 1929 1930 1931 January 4,614 4,777 4,802 4,841 4,846 4,677 4,657 4,560 4,610 February 4,703 4,887 4,848 4,904 4,885 4,690 4,698 4,577 4,620 March _ _ 4,747 4,899 4,811 4,860 4,862 4,749 4,748 4, 543 4,608 April 4,759 4,853 4,782 4,907 4,891 4,748 4,676 4,476 4,652 May - - - . 4,797 4,905 4,837 4,923 4,893 4,744 4,738 4,551 4,702 June 4,823 4,849 4,811 4,885 4,851 4,797 4,746 4,522 4, 822 July 4,787 4,756 4,792 4,909 4,846 4,701 4,717 4,426 4,837 August 4,876 4,859 4,866 4,930 4,854 4,803 4,840 4,533 5 052 September _ _ _ - 4,945 4,863 4,916 4,978 4,948 4,846 4,819 4,501 5,246 October 4,929 4,942 4,969 5,021 4,946 4, 806 4,838 4,493 5 540 November . _ _ 5,018 5,052 5,044 5,037 4,952 4,990 4,929 4,660 5,536 December 5,044 5,047 5,104 5,095 5,003 4,973 4,865 4,890 5,647 Averages of end of month figures Averages of daily figures Month 1914 1915 1916 1917 1918 1919 1920 1921 1922 January _ 3,497 3,286 3,591 3,978 4,306 5,050 5,231 5,401 4,527 February . 3,502 3,247 3,598 4,055 4,280 4,932 5,285 5,263 4.451 March 3,506 3,253 3,608 4,147 4,373 4,942 5 398 5, 204 4' 483 April 3,519 3,274 3,617 4,184 4,423 4,970 5,372 5,078 4,482 May 3,531 3,300 3,603 4,225 4,401 4,941 5,414 5,042 4,450 June 3,496 3,318 3.617 2 4,161 4,448 4,891 5,448 4,936 4 429 July 3,426 3,321 3,653 4,020 4,520 4,896 5,478 4,857 4,443 August __ _ 3,467 3,363 3,697 3 4,001 4,666 4,913 5,509 4,771 4,448 September 3,637 3,429 3,779 3 4,061 4,911 4,989 5,600 4,752 4 552 October _ . 3,738 3,487 3,849 3 4,152 5,134 5,106 5,673 4,721 4,643 November 3,577 3,532 3,877 3 4, 203 5,183 5,208 5,662 4,673 4,671 December 3,365 3,567 3,922 3 4,342 5,243 5,342 5,658 4,718 4,827 Averages of daily figures Month 1923 1924 1925 1926 1927 1928 1929 1930 1931 January 4,679 4,847 4,863 4,891 4,904 4,785 4,748 4,652 4,695 February - - - - 4,672 4,832 4,805 4,854 4,843 4,709 4,686 4, 554 4,598 March . 4,713 4,870 4,815 4,864 4,856 4,710 4,709 4,532 4 590 April 4,731 4,886 4,803 4,882 4,879 4,730 4,679 4.518 4,647 May 4,764 4,866 4,791 4,871 4,860 4,722 4,684 < 497 4,679 June . _ _ 4,779 4,830 4,790 4,881 4,831 4,736 4,687 4,489 4,750 July 4,812 4,810 4,794 4,916 4,851 4,746 4, 764 4,483 4,836 August - - - 4,833 4,800 4,817 4,912 4,849 4,743 4,777 4,476 4,947 September 4,901 4,853 4,908 4,969 4,917 4,804 4,811 4,493 5,133 October 4.941 4,891 4,945 5,001 4,934 4,836 4,810 4, 501 5,478 November 4,953 4,970 4,960 5,005 4,936 4,860 4,845 4 528 5 518 December 5,071 5,088 5,119 5,131 5,048 5,008 4,943 4,823 5,611 1 Money outside Treasury and Federal reserye banks (prior to November, 1914, money outside Treasury). 2 Figures prior to June 21, 1917 (when legislation became effective changing reserve requirements of member banks), while comparable with one another, are not strictly comparable with those for succeeding dates; the transfer to the Federal reserve banks of that part of legal reserves of member banks formerly held in own vaults reduced the volume of money outside Treasury and Federal reserve banks (see note 1). The increasing membership of State banks in the Federal reserve system after June, 1917, had a similar effect upon the figures. 8 Averages of daily figures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No, 35.—KINDS OF MONEY IN CIRCULATION, 1929-1931 [Money outside Treasury and Federal reserve banks. In thousands of dollars] End of month Total G c o o l i d n G ti o fi l c d a t c e e s r- S d t s a o i n l l v l d a e a r r s r d • c S c e i a r l t t v i e f e s i r - T n r o e 1 t a 8 e s 9 s u 0 r of y ! Su a s b i r s lv i y e d r i- M co in in or U S n n t o i a t t t e e e s s d F re n e s o d e t e r e r v s a e l F re b e s d a e e n r r k v a e l N n a b t o a i t n o e k n s alnotes 1929—January 4, 656,617 380,952 923,193 44,456 381, 672 1,292 280, 751 114,007 282,172 1.631,432 3,775 612.915 February.. 4,698,362 377,512 935,448 44,075 385,389 1,291 280,736 113.692 283,603 1, 646, 523 3.747 626,344 March 4,747, 683 374, 255 937, 247 43,921 390. 583 1,290 280, 655 113, 536 283.100 1.673,480 3,709 645,908 April 4,675, 647 371, 623 905, 513 43, 727 386. 241 1,288 281,229 114,085 276.227 1, 648, 392 3.680 643.639 May 4, 737,636 369,991 944,058 43, 651 392,411 1,286 282,936 114,454 288. 216 1,654, 757 3,650 642, 221 June.. 4, 746, 297 934,995 43,684 387, 073 1,283 284, 226 115,210 262.188 1, 692,721 3,616 652,812 July 4, 716,863 366,199 887,897 43, 401 403, 964 1,282 284.363 115, 534 242, 338 1,748, 442 3,587 619 855 August 4,839,859 364.603 887,102 43.055 411. 293 1,280 286, 270 115,985 248, 670 1,842,547 3,539 635.515 September. 4,819,275 363,701 849, 551 42,960 417, 556 1,277 289, 344 116,816 264. 930 1,839,143 3,500 630.497 October 4, 838,185 363,051 845,908 42, 573 414, 952 1,276 291,200 117,556 266,504 1,869,173 3,466 622, 527 November. 4,929, 422 363,935 888,650 42, 244 418,085 1,275 292.241 118,167 275.136 1, 919.901 3,432 60fi. 356 December. 4,864,824 383, 763 879,557 42,184 416,880 1,273 293,951 119,402 264,881 1, 862, 420 3, 413 597,100 1930—January... 4.560,028 369,457 799, 077 39, 967 380,692 1,270 281,343 116,920 257.189 1,678,421 3,356 632,336 February.. 4, 576,508 364, 789 841, 235 39, 451 384, 339 1.268 280,395 116,773 268,964 1,628,064 3,322 647,908 March 4, 549,189 362,272 873, 366 39,172 385,583 1,265 280.364 116,544 268,526 1,571,519 3, 275 647,301 April 4,476,067 360,016 885,820 38, 798 382,423 1,263 281,181 117,108 277,111 1,483,711 3,248 645,389 May 4, 551,468 358, 575 954, 465 38,610 391, 773 1,261 281, 167 117,193 290,260 1,466, 561 3,221 648,382 June _. 4, 521, 988 357, 236 994,841 38, 629 386,915 1,260 281,231 117,436 288,389 1, 402,066 3,206 650,779 July 4, 426, 494 356,079 1,001,923 38,108 381, 285 1,259 279, 736 117,236 287, 858 1,320, 263 3,155 639, 593 August 4,533,197 353,358 1,050. 595 38, 234 390,203 1,254 280,162 117,187 297, 603 1,353,200 3,126 648,274 September. 4, 501,478 351, 765 1,026, 036 37, 512 391,311 1, 252 280, 868 117,728 297,307 1, 359, 358 3,104 635,237 October, _. 4,492,604 350,226 1.019,584 37, 312 391,366 1,250 281,135 117, 859 300,032 1,349,940 3,082 640,818 November. 4,660,315 350,931 1,075,770 37, 087 400,104 1,248 281, 221 118, 227 304,407 1,440,003 3,064 648, 252 December. 4,890,123 368,379 1,117, 630 36, 777 403, 906 1,248 281,133 118, 740 295,515 1,640, 537 3,041 623, 218 1931—January... 4, 609, 687 357, 565 1,055, 740 35, 050 371,830 1,245 269, 814 116,188 288,972 1,470, 231 3,020 640,031 February.. 4, 620, 414 355,912 1,060,922 34, 864 373,179 1,244 269, 650 115, 988 295, 260 1, 460,945 2,989 649,459 March 4, 607,914 353,647 1,047, 327 34, 679 372,030 1,243 270, 596 116, 383 289, 452 1, 471,090 2,972 648, 495 April 4, 652, 414 352,055 1,034, 633 34, 338 374, 779 1,242 271, 504 116, 707 294, 747 1, 518,175 2,955 651, 278 May 4, 702, 275 352, 525 1,020, 452 34, 299 380,103 1,240 272,867 117, 071 299,619 1, 566,480 2,945 654, 673 June 4, 821,933 363,020 996, 510 34, 326 377,149 1,240 273,147 117, 393 299, 427 1, 708, 429 2,929 648, 363 July 4, 837, 085 362, 782 975, 947 33, 953 375, 447 1,239 270,856 117, 059 301, 275 1, 748, 709 2,915 646, 902 August 5, 052, 027 362, 983 989, 272 33, 756 380, 374 1,237 270,876 116, 751 300, 692 1,947, 231 2,904 645,950 September. 5, 246,064 376, 312 1,036, 668 33, 681 382,157 1,236 272,706 117,052 299,175 2,079, 575 2,891 644,611 October.... 5, 540, 016 387,051 971,928 33, 266 387, 559 1,233 271, 459 116,831 299, 606 2, 411, 565 2,861 656,656 November. 5, 536,143 382,841 927, 930 33, 227 386, 701 1, 232 271, 719 117,043 294, 447 2, 463, 282 2,852 654,868 December- 5, 646, 773 408,626 876, 769 32, 794 1,230 270, 591 117,167 287,811 2, 603, 454 2,838 656,404 Back figures.—See Annual Reports for 1930 (Table 32) and 1927 (Table 22). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DISCOUNT RATES AND MONEY RATES 125554—32 6 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DISCOUNT RATES AND MONEY RATES No. 36.—FEDERAL RESERVE BANK DISCOUNT RATES ON ALL CLASSES AND MATURITIES OP DISCOUNTED BILLS—CHANGES FROM JANUARY 1, 1922, TO DECEMBER 31, 1931 [Per cent] Federal Reserve Bank Date effective B to o n s- Y N o ew rk P p d h h e i i l l a - a-C l l a e n v d e- m Ri o c n h d - la A n t t - a c C a h g i o - L S o t u . isa M p n o e in - li - s K C s a a it n s y - D la a s l- F c S i r s a a c n n o - In effect Jan. 1,1922.... 4H 43/2 5 5 5 5 5 5 5 1922—Jan. 9 5 Jan 11 5 Jan. 23 4H Feb. 14 Mar. 15 41/ Mar 25 4:14. Apr. 6 41/ Apr 14 June 22 _ _ . _ 4 June 23 4 July 8 4 July 12 41Z Aug. 12 Aug. 15 _ 1923—Feb. 23 MM 4M Mar. 6 1924—May 1 4 June 2 4 June 10 4 June 12 m w* June 14 . 4 4 June 18 4 June 19 4 June 26 3H July l._ 4 July 16. 4 Aug. 8 3 Aug. 15.- ZH Aug. 25 ___ 3M Oct. 15 . _ 4 1925—Feb. 27 8U Nov. 10.. . . 4 Nov. 17.._ 4 Nov. 20 4 Nov. 23.. 4 1926—Jan. 8 4 Apr. 23 Aug. 13 4 1927—July 29 Aug. 4 3H Aug. 5 Aug. 6. ___ 3^i Aug. 12 Aug. 13 giz Aug. 16 3H Sept. 7 Sept. 8 Sept. 10 . 3H Sept. 13 8H 15 per cent on 6-9 month agricultural and livestock paper from Apr. 7,1923, to June 11,1924, inclusive. * 5 per cent on 6-9 month agricultural and livestock paper from Apr. 19, 1923, to June 25,1924, inclusive; 4H per cent on 91-day to 6-month agricultural and livestock paper from June 19 to June 25,1824. NOTE.—Discount rates became applicable to 6-9 month agricultural and livestock paper, which was made eligible by the Mar. 4, 1923, amendment to the Federal reserve act, on the following dates in 1923: Boston, Apr. 7; New York, Aug 6; Philadelphia, Apr. 19; Cleveland, Apr. 9; Richmond, Apr. 7; Atlanta, Mar. 22; Chicago, Aug. 16; St. Louis, Apr. 5; Minneapolis, Apr. 11; Kansas City, Apr. 14; Dallas, Apr. 12; San Francisco, Mar. 21. Back figures.—For years previous to 1922, when different rates were generally in effect for different classes of bills, see Annual Reports, Federal Reserve Bulletin, and pamphlet issued by the board in 1922: "Discount Rates of the Federal Reserve Banks, 1914-1921." 73 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
74 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 36.—FEDERAL RESERVE BA.NK DISCOUNT RATES ON ALL CLASSES AND MATURITIES OF DISCOUNTED BILLS—CHANGES FROM JANUARY 1, 1922, TO DECEMBER 31, 1931—Continued [Per cent] Federal Reserve Bank Date effective B to o n s- Y N o e r w k P p d h h e il i l a a - -C la le n v d e- m R o ic n h d - la A n t t - a C ca h g i o - L S o t u . is a M p n o i e n l - i - s K C s a a it s n y - D la a s l- F c S i r s a a c n n o 1928—Jan. 25 4 Jan.27. . 4 Feb. 3 4 Feb. 4 4 Feb. 7 4 Feb. 8 4 4 Feb. 10 4 Feb 11 4 Feb. 16 _ 4 ! Feb 21 i 4 Mar. 1.- i"":".:._:_r""4 Apr 20 4K 4M Apr. 23 ly Apr. 24 4M 2 Apr 25 4H May 7 4M May 17 May 18 4H May 25... _„__? ! 4Vo May 26 ly June 2 2 4H June 7 4H July 11 I 5 July 13 5 5 July 14 July 19 5 5 July 26 5 Aug 1 1 5 I 1929—Mar. 2 5 May 6 _ 5 May 14 5 May 20 5 Aug 9 Q Nov. 1 K | Nov 15 Nov 21 Nov. 23 . 4H Dec 6 4K Dec. 10 _| 4K Dec. 20 4H 1930—Jan. 16 4M Feb. 7 . 4 4}$! F F e e b b . . 8 11 I ly 4 43^ Iy2\ 4M Feb 13 4 Feb 15 4 M M a ar r . 1 1 5 4 3J/2 4 Mar. 20 4 i Mar. 21-_. i 4 i*pr 8 4 Apr. 11 4 A pr 12 4 4 .Apr 15 4 May 2 3 May 8 %y June 7 2 2>y2 J J u u n n e e 2 2 0 1 2y2 1 July 3 3 3H July 12 3H July 18 3H Aug. 7 sy Aug. 8 2 3H Aug 15 3M Sept. 9 Sept. 12._ zy Dec 24 2 2 Dec. 29__ - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DISCOUNT RATES AND MONEY KATES 75 No. 36.—FEDERAL RESERVE BANK DISCOUNT RATES ON AI/L CLASSES AND MATURITIES OF DISCOUNTED BILLS—CHANGES FROM JANUARY 1, 1922, TO DECEMBER 31, 1931—Continued [Per cent] Federal Reserve Bank Date effective B to o n s- Y N o ew rk P p d h h e i i l l a - a- C la le n v d e- m R o ic n h d - la A n t t - a c C a h g i o - L S o t u . isa M p n o e in - li - s K C s a a it s n y - D la a s l- F c S i r s a a c n n o - 1931 Jan 2 Jan. 8 3 Jan 9 3 Jan.10 3 3 May 7 2 3 May 8_ 1H 3 May 9 2H May 15 3 May 21 3 May 22 i 2}i Oct. 9 2\i Oct. 10 2]/2 3 Oct 16 %H Oct. 17 Oct. 20 4 Oct. 21 4 Oct. 22 3}l Oct. 23 Oct. 24 Nov. 14 3^ m In effect Dec. 31, 1931.. 3J/2 3H 3H 4 3H 3^ 31/2 4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
76 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 37.—FEDERAL RESERVE BANK BUYING RATES ON ACCEPTANCES *— CHANGES FROM JANUARY 1, 1922, TO DECEMBER 31, 1931 [Buying rates at the Federal Reserve Bank of New York. Per cent] Date effective I d t a o y l s 5 16 d a to y s 30 31 d a t y o s 45 46 d a t y o s 60 61 d a t y o s 90 91 d a to y s 120 12 d 1 a t y o s 180 In effect Jan. 1, 1922_, 1922—Feb. 6... Feb. 16.. Mar. 6... Mar. 13.. M M a a r r . . 2 2 1 7 . . . . 3 3M f A Apr. 10- Apr. 14.. 3M May 5... 3M May 18., 3K June 2... June 19.. June 26.. July 5__. July 15_. July 25 _. Sept. 21.. Sept. 25. Sept. 27.. Oct. 2... Oct. 6... Oct. 13__ Oct. 18._ Oct. 19.. Oct. 24.. Oct. 27.. 1923—Apr. 17.. May 23.. July 7-.. 1924—Apr. 24.., May 1—. 3 May 16... 3H May 22... 3H June 2 3 June 17._. 2H J A u u n g e . 2 8 6 . . . . . 2 2 34 2H Nov. 17._ 2H 2A 2% Nov. 28.. 2% 2% 3 Dec. 3... 2Yi 2: Dec. 5... 2% 2% Dec. 8... Dec. 22.. 2% 1925—Feb. 6... 3 3 Feb. 27.. 3H June 12.. Aug. 31.. 3Ks Sept. 22.. 314 1926—Jan. 8___. zy Apr. 27.. 2 li May 20- 3H May 21.. Aug. 16- 3^ Aug. 23.. 3M Sept. l._. 3M 1927—July 29.. 3H Aug. 5... 3K Aug. 22_. 1928—Jan. 27... 3^ Feb. 3... 3H Mar. 30.. 3^ Apr. 13. _ 3M May 18... July 13... %A July 26. .. 1 Rales on prime bankers' acceptances. Higher rates may be charged for other classes of bills. Back figures,—See Annual Report for 1928 (Table 35). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DISCOUNT RATES AND MONEY RATES 77 No. 37.—FEDERAL RESERVE BANK BUYING RATES ON ACCEPTANCES— CHANGES FROM JANUARY 1, 1922, TO DECEMBER 31, 1931—Continued [Buying rates at the Federal Reserve Bank of New York. Per cent] Date effective l d to ay lS s 16 d a t y o s 30 31 d a t y o s 45 46 d a t y o s 60 61 d a t y o s 90 91 d a to y s 120 12 d 1 a y t s o 180 1929—Jan. 4.... 4% Jan. 21... 4M 5 5 Feb. 15.. 5 5k 5k Mar. 21.. J A M u u a ly g r . . 1 9 2 2 5 . . . . . . . 5 in k 5 J k 2 5 5M k 5k Oct. 25.. 5 Nov. 1... 4% 4% N N o o v v . . 2 1 2 5 . . . . f 5 5 ;"' 4 4 M 4 4 k 4 4 k 1930—Jan. 31... Feb. 11.. 3M Feb. 24.. 3M Mar. 5— k 3' 3H Mar. 6... 3> 3 Mar. 11.. 3k '6' Mar. 14.. 3k 3k Mar. 17.. Mar. 19.. F Mar. 20.. 3 May 1__. 2^ May 2__. 2% May 8... May 19.. June 3__. 2% 2! J J J u u u n n n e e e 2 1 5 0 6 . _ _ .. . . 2 2 2 V k 8 2k h " 2 2 k 2% J J u u n ly e 2 3 1 0 . . . . 1% 2 Dec. 24.. IK IK 1H\ "2" 1931—Jan. 16... Jan. 26__. VA "ill Apr.9___ Apr. 21.. "i% Apr. 27.. VA m May 5... May6._. VA VA May 8__. May 13.. "I A m VA May 19.. 1 1 Sept. 25.. VA VA VA "ill O Oc c t t . . 9 1 _ 3 _ _ . . m 2 1 % % m »2 1 H % 3/2 Oct. 16_. 2H Nov. 20_. 37 In effect Dec. 31,1931.. 3 3 334 3 Rate for 76 to 90 days 2 per cent. 3 Rate for 76 to 90 days 2M per cent. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
78 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 318.—AVERAGE RATES EARNED BY FEDERAL RESERVE BANKS ON BILLS AND SECURITIES, 1918-1931 [Per cent] Month 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 Total bills and securities: January 3.75 4.04 4.46 5.88 4.62 4.03 4.39 3.27 3.73 3.80 3.36 4.73 4.22 2.51 February._ 3.81 4.03 4.88 5.92 4.47 4.13 4.36 3.32 3.80 3.76 3.52 4.76 4.05 2.48 March 3.86 4.02 5.12 5.90 4.34 4.26 4.30 3.41 3.80 3.75 3.63 4.80 3.78 2.26 April. 4.07 4.01 5.23 5.85 4.25 4.32 4.34 3.49 3,81 3.75 374 4.88 3.54 2.08 Msiy 4.29 3.99 5.36 5.79 4.08 4.35 4.26 3.50 3.72 3.78 3.96 4.89 3.40 2.00 June 4.20 4.01 5.51 5.67 3.98 4.36 4.03 3.50 3.66 3.72 4.24 4.89 3.23 1.89 July 4.31 3.98 5.72 5.60 3.90 4.42 3.80 3.52 3.65 3.73 4.39 4.94 3.00 1.99 August 4.27 3.93 5.81 5.42 3.85 4.42 3.67 3.55 3.67 3.58 4.63 5.02 2.86 2.01 September. 4.21 3.91 5.81 5.35 3.84 4.41 3.45 3.56 3.77 3.45 4.67 5.10 2.72 1.96 October 4.13 3.95 5.94 5.25 3.88 4.44 3.30 3.59 3.83 3.39 4.69 5.06 2.69 1.97 November. 4.19 4.16 5.98 4.99 4.00 4.40 3.21 3.61 3.84 3.33 4.68 4.84 2.64 2.33 December... 4.14 4.29 5.98 4.74 4.06 4.38 3.17 3.68 3.83 3.34 4.70 4.48 2.61 2.67 Year 4.12 4.04 5.50 5.61 4.11 4.33 3.83 3.51 3.76 3.60 4.24 4.86 3.25 2.20 Bills d i s counted: January 3.94 4.21 4.71 6.30 4.99 4.26 4.50 3.55 3.91 4.00 3.50 4.99 4.80 3.11 February.. 4.02 4.18 5.20 6.37 4.90 4.24 4.50 3.42 3.99 4.00 3.77 4.92 4.59 2.98 March 3.94 4.16 5.47 6.36 4.83 4.45 4.50 3.60 4.00 4.00 3. 95 4.92 4.32 2.92 April 4.14 4.16 5.58 6.32 4.75 4.49 4.50 3.66 3.98 4.00 4 01 4.98 4.11 2.92 May 4.38 4.15 5.66 6.29 4.68 4.50 4.45 3.69 3.87 4.00 4.20 4.95 3.81 2.77 JJuunlye 4 4 . . 3 4 1 0 4 4 . . 2 1 0 5 5 6 . . 8 1 9 3 6 6. . 0 2 9 0 4 4 . . 6 5 1 0 4 4 . . 5 5 0 0 4 4 . . 3 1 5 1 3 3 . . 6 6 9 8 3 3. . 8 8 5 8 4 4 . . 0 0 0 0 4 4 . . 4 6 5 0 4 5. . 0 9 0 8 3 3 . . 7 6 5 5 2 2. . 5 6 9 4 August 4.35 4.13 6.19 5.91 4.47 4.50 3.99 3.68 3.91 3.83 4.87 5.16 3.46 2.49 September. 4.27 4.17 6.22 5.85 4.42 4.50 3.85 3.66 3.99 3.62 4.90 5.27 3.42 2.52 October 4.22 4.15 6.35 5.69 4.36 4.50 3.75 3.66 4.00 3.52 4.92 5.20 3.38 2.73 November. 4.27 4.40 6.41 5. 39 4.29 4.50 3.69 3.71 4.00 3.51 4.92 5.04 3.28 3.36 December.. 4.29 4.55 6.42 5.11 4.29 4.50 3.59 3.84 4.00 3.51 4.93 4.86 3.23 3.48 Year 4.24 4.23 5.88 6.07 4.63 4.46 4.25 3.67 3.95 3.83 4.56 5.03 3.93 3.01 Bills bought: January 3.64 4.29 4.79 6.14 4.44 4.01 4.20 2.70 3.46 3.73 3.21 4.62 4.19 1.93 February., 3.79 4.25 5.06 5.99 4.25 4.09 4.18 2.88 3.55 3.70 3.28 4.80 4.03 1.85 March 3.92 4.26 5.47 6.01 4.06 4.10 4.17 3.06 3.61 3.68 3.38 4.98 3.72 1.64 April 4.18 4.23 5.70 5.97 3.83 4.08 4.17 3.13 3.63 3.67 3.52 5.30 3.25 1.52 May 4.36 4.25 5.77 5.98 3.50 4.11 4.05 3.16 3.52 3.65 3.72 5.50 2.96 1.34 June 4.25 4.19 5.98 5.97 3.29 4.14 3.66 3.17 3.37 3.66 3.84 5.48 2.59 1.20 July 4.24 4.27 6.07 5.96 3.18 4.18 2.80 3.19 3.33 3.67 4.01 5.44 2.10 3.70 August 4.38 4.22 6.07 5.36 3.11 4.19 2.49 3.24 3.32 3.51 4.34 5.13 1.93 3.91 September. 4.19 4.27 6.06 5.33 3.11 4.19 2.22 3.32 3.50 3.31 4.50 5.11 1.92 2.77 October 4.25 4.22 6.07 5.04 3.24 4.19 2.20 3.37 3.67 3.19 4. 56 5.21 1.94 1.70 November. 4.36 4.33 6.03 4.91 3.59 4.18 2.23 3.40 3.75 3.19 4.56 5.22 1.91 1.91 December.. 4.33 4.54 6.05 4.50 3.84 4.20 2.46 3.43 3.76 3.20 4.56 4.60 1.87 2.39 Year 4.14 4.30 5.66 5.70 3.54 4.14 3.31 3.17 3.55 3.49 3. 97 5. 00 2.85 2.04 U. S. Government securities: January 3.27 2.26 2.18 2.13 3.16 3.74 4.26 3.51 3.69 3.55 3.35 4.01 3.62 2.47 February. . 3.25 2.31 2.17 2.11 3.58 3.96 4.17 3.59 3.71 3.53 3.44 3.91 3.64 2.41 March 3.59 2.41 2.10 2.24 3.72 3.99 4.04 3.50 3.60 3.49 3.44 3.99 .3.52 2.19 April 3.56 2.43 2.10 2.15 3.77 4.11 4.14 3.58 3.65 3.48 3.46 3.91 3.43 2.02 May. . . 3.06 2.42 2.22 2.49 3.70 4.17 4.05 3.57 3.61 3.54 3 53 3.93 3.34 1.94 June 3.00 2.33 2.24 2.40 3.67 4.02 3.79 3.53 3.56 3.46 3.68 4.06 3.15 1,79 July 2.76 2.24 2.15 2.31 3.63 4.17 3.68 3.54 3.55 3.43 3.67 4.05 2.97 1.64 August 2.87 2.21 2.22 2.33 3.60 4.15 3.57 3.54 3.52 3.37 3.69 4.00 2.88 1.50 September. 2.73 2.17 2.27 2.49 3.65 4.07 3.46 3.55 3.53 3.37 3.83 4.09 2.75 1.45 October 2.44 2.18 2.20 2.38 3.71 4.21 3.44 3.62 3.62 3.38 3.94 3.99 2.69 1.54 November. 2.49 2.22 2.17 2.68 3.78 4.18 3.46 3.62 3.61 3.27 4.05 3.93 2.63 1.63 December.. 2.40 2.19 2.43 2.92 3.79 4.03 3.39 3.63 3.55 3.28 4.05 3.69 2.57 1.95 Year 2.99 2.26 2.21 2.37 3.67 4.01 3.67 3.56 3.60 3.41 3. 64 | 3. 93 3.06 1.86 Back figures.—See Annual Report for 1929 (Table 34). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DISCOUNT RATES AND MONEY RATES 79 No. 39.—OPEN MARKET RATES IN NEW YORK CITY, BY MONTHS, 1927-1931 [Per cent] Prevailing rate on- Average rate on 1— Average yield onl— Call loans 3 T U r . e a S s . - Prime Prime ury Month m m p c a e o 4 o p r n - m c 6 e t i h r - a , s l 90 l T o d i a m a n y s e , s2 New ne R w e- al a b a c n a e c c n r e s e k p ' s - t , - c n e a o r n t t i d e f s i- L bo ib n e d r s t y * T bo u re n r a y d s s - s 90 days 1months 1927—January 4-4H 3^-3^ 4.27 4.32 3.69 3.23 3.80 3.60 February 4-AH 4.06 4.03 3.69 3.29 3.80 3.58 March 4-4V£ 4.13 4.13 3.63 3.20 3.48 April 4-4K 4.21 4.18 3.63 3.39 3.47 May__ 4-4M 4.27 4.26 3.63 3.33 3.44 June. 4M 4.26 4.33 3.63 3.07 3.47 J A u u ly gust J« 3 3. . 6 9 6 5 4 3 . .6 0 8 5 3 3 . . 1 5 3 0 2 2 . 9 7 6 0 3 3 . . 4 4 5 8 September 3.84 3.83 3.13 2.68 3.44 October. 4 3.88 3.90 3.25 3.08 3.43 November 4 3.60 3.60 3.25 3.04 3.39 December 4 4.43 4.38 3.25 3.17 3.34 4 1928—January 4 4.15 4.24 3.36 3.31 3.35 February... 4 4.33 4.38 3.51 3.33 3.36 March -4K 4.48 4.47 3.52 3.27 3.30 April 5.06 5.08 3.81 6 3.62 3.32 May 5.69 5.70 3.94 6 3.90 3.35 June... 6.32 6.21 4.05 6 3.92 3.40 J A u u ly gust 5i -5K 6 6 . . 0 9 6 1 6 6. . 8 0 7 5 4 4 . . 3 6 2 2 4 4. . 3 1 6 2 3 3. . 5 5 6 0 September... 7.40 7.26 4.50 4.57 3.54 October 7.12 6.98 4.50 4.70 3.55 November.. 5M-5J 6.86 6.67 4.50 4.26 3.48 December.. 8.60 4.50 4.26 3.53 1929—January 5K-5H 6.94 7.05 4.84 4.66 3.59 February... 5M 7.47 7.06 5.15 4.39 3.66 March. 9.80 9.10 5.34 4.60 3.76 April 6 9.46 8.89 5.46 4.80 3.67 May 6 8.79 8.91 5.48 5.09 3.67 June 7.83 7.70 5.49 4.80 3.71 July 9.41 9.23 5.16 4.55 3.68 August 8 -6; 8.15 8.23 5.13 4.70 3.72 September^. 8.62 8.50 5.13 4.58 3.70 October 6.10 6.43 5.01 4.37 3.67 November- 5.40 5.44 4.23 3.47 3.45 December. . 5 4.88 4.83 3.90 3.03 3.46 1930-- January 4.31 4.64 3.96 3.39 3.51 February. .- 4.28 4.32 3.77 3.36 3.50 March. 3.56 3.69 3.07 2.95 3.40 April 334-4 3.79 4.00 2.91 3.00 3.46 May 3.05 3.12 2.48 2.41 3.41 June 2.60 2.62 2.09 1.89 3.37 July 2.18 2.20 1.88 1.83 3.37 August 3 2.22 2.21 1.88 1.53 3.38 September.. 3 2.17 2.19 1.88 1.77 3.37 October 3 2.00 2.00 1.88 1.74 3 34 November.. 234-3 2.00 2.00 1.88 1.40 3.32 December,. 23/4-3 2.27 2.23 1.88 1.48 3.34 1931—-January 234-3 1. 50 1.57 1.58 1.24 3.33 February. _. 23/2-2% 1.50 1.50 1.39 1.06 3.40 March 2H 11A 1.56 1.55 1.50 1.38 3.39 April 2M-2H m 1.57 1.52 1.43 1.49 3.38 May 2 -2^ Vs-VA 1.45 1.45 1.01 .88 3.31 June 2 % 1.50 1.50 .88 .55 3.30 July 2 7A 1.50 1.50 .88 .41 3.32 August 2 H 1.50 1.50 .42 3.34 September.. 2 J/%-1/^ 1.50 1.50 .45 3.42 October 2 -434 2.10 2.10 2.47 1.70 3.71 November,. 2.50 2.50 2.99 1.77 3.69 December.. 33X-4 * 8 3 4 2.73 2.70 3.00 2.41 3.92 1 These rates are monthly averages of daily quotations for the month. 2 Stock exchange 90-day time loans 3 Stock exchange call loans; new and renewal rates. 4 Second, third, and fourth 4J^ per cent Liberty bonds. '' Three issues. Since April, 1928—3%, 3%, and 4 per cent: yield calculated on basis of last redemption dates—1947, 1956 and 1954. Prior to April, 1928—3%, 4 and 4M per cent maturing 1956, 1954, and 1952, 6 Based, at least in part, on certificates of 6-9 months maturity. Digitized for FBRacAkS fiEguRr es—See Annual Reports for 1928 (Table 39), and 1927 (Table 28). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
80 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD IVo. 40.—OPEN-MARKET RATES IN NEW YORK CITY, BY WEEKS [Per cent] Prevailing rates on— Average rate on— Average yield on— Call loans2 U. S. Treas- Week ending (Saturday)— c m o p P 4 o m a c r n p i t i m o a m t e l h r e e 6 s , r- a b a n P a c d c n r c a e i k e y m s e p , s e r t 9 - s 0 ' lo d T a a n i y m s s , e 1 90 New ne R w e- al 9 a P a b 0 c n e a r c d c i r n e s m e a k p ' s y e - t , s - c c 3 n e a u a o r t n t r t o t e y i d e f s s 6 i , - b T o u r n e ry a d s s - s months 1931 Jan. 3 234-3 VA 2U-2H 2.94 3.13 L84 1.43 3.35 Jan. 10 23/4-3 m 2U-2H 1.50 1.50 L. 75 1.39 3.32 Jan.17 2^4-3 1.50 1.50 65 1.32 3.31 Jan. 24... 1.50 1.50 48 1.13 3.30 Jan.31 7 23/4 m-m m-2 1.50 1.50 43 1.09 3.38 F F F F e e e e b b b b . . . . 7 1 2 2 4 8 1 2 2^ ^ - - 2 2 2 3 % H /4 m m - - m m mm m m m - - - 2 2 2 1 1 1 1 . . . . 5 5 5 5 0 0 0 0 1 1 1 1 . . . . 5 5 5 5 0 0 0 0 1 1 1 1 . . . . 3 2 5 4 8 5 0 3 1 1 1 . . . . 9 1 0 0 5 9 7 3 3 3 3 3 . . . . 3 3 4 4 9 6 4 1 Mar. 7 . m 2 -2U 1.58 1.50 1.50 1.25 3.42 M Ma ar r . 1 2 4 1 2 2 V H £ m 2 2 2 -- - 22 2 1i U //43 1 1 . .6 4 7 1 1 1 . . 7 5 0 0 1 1 . . 5 5 0 0 4 1 1 . . 2 4 8 5 3 3 . . 3 3 9 7 Mar. 28 23/2 m m-2 1.58 1.50 1.50 1.50 3.39 Apr. 4 2H-2H m m-2 1.53 1.50 1.50 1.47 3.39 Apr. 11.. m 2 -2H 1.74 1.60 1.50 1.59 3.39 Apr. 18 2J4-2J4 m 2 -2\i 1.54 1.50 1.50 1.54 3.39 Apr. 25 . 2H~2J-i m-m 1.50 1.50 1.43 1.48 3.38 M M a a y y 2 9 2H-2H m-m m m-2 1 1 . . 5 4 0 0 1 1 . . 5 5 0 0 1 1. . 1 2 8 5 1 1 . . 2 2 9 0 3 3 . . 3 3 6 5 May 16 . 21,4 1 -m 1.38 1.30 1.05 .92 3.30 May 23 2 -2 }4 7A lJ^-1% 1.50 1.50 .90 .74 3.27 May 30 2 -234 7A m-m 1.50 1.50 .88 .60 3.30 June 6. 2 -2H 7A m-m 1.50 1.50 .88 .51 3.29 June 13 2 7A 1.50 1.50 .88 .37 3.28 June 20 2 7A m-m 1.50 1.50 .88 4.65 3.28 June 27 . _ 2 7A m-m 1.50 1.50 .88 .65 3.33 July 4 2 7A m-m 1.50 1.50 .88 .58 3.33 July 11 2 7A m-m 1.50 1.50 .88 .48 3.32 July 18 2 7A m-m 1.50 1.50 .88 .36 3.31 July 25 2 7A m-m 1.50 1.50 .88 .30 3.32 Aug 1 2 m-m 1.50 1.50 .88 .41 3.34 Aug. 8 _ _ _- 2 m-m 1.50 1.50 .88 .45 3.34 Aug 15 2 7A 1.50 1.50 .88 .49 3.33 Aug. 22.. ___ 2 7A m-m 1.50 1.50 .88 .39 3.33 Aug 29 2 7A m-m 1.50 1.50 .88 .35 3.34 Sept 5 2 7A m-m 1.50 1.50 .88 .41 3.34 Sept 12 2 7A m 1.50 1.50 .88 .36 3.38 Sept. 19 2 7A m 1.50 1.50 .88 3.41 Sept. 26 - -. _- .- 2 1 -m m-2 1.50 1.50 1.08 .31 3.46 Oct. 3 2 2 -2\i 1.50 1.50 1.25 .95 3.53 Oct. 10 2 -2ft m 2J-i 1.53 1.50 1.35 .81 3.57 Oct. 17 2H-4H 2%-sn 2.13 2.13 2.53 1.92 3.78 Oct. 24 . zvi 3^-4 2.50 2.50 3.25 2.21 3.81 Oct 31 334-414 3^-4 2.50 2.50 3.25 2.22 3.81 Nov 7 33/4-4K 3J4 3^-4 2.50 2.50 3.20 1.81 3.71 Nov. 14 4 -4J4 3 3^-4 2.50 2.50 2.98 1.69 3.66 Nov. 21 .- _- 2% 3 -Z\k 2.50 2.50 2.88 1.70 3.67 Nov. 28 3 §4-4 3 -ZH 2.50 2.50 2.94 1.85 3.73 Dec. 5 33/4-4 3 3 -3}i 2.50 2.50 3.00 1.99 3.77 Dec 12 3?4~4 3 2.50 2.50 3.00 2.06 3.86 Dec. 19 3 3 —3^ 2.55 2.50 3.00 4 2.67 3.94 Dec. 26. . -__ A 3 3 -4 3.00 3.00 3.00 2.68 3.96 i Stock exchange 90-day time loans. « Stock exchange call loans; new and renewal rates. > Three issues—33A, 3%, and 4 per cent; yields calculated on basis of last redemption dates—1947, 1956, and 1954. * Change of issues on which yield is computed. Back figures.—See Annual Reports for 1930 (Table 34), 1929 (Table 36), 1928 (Table 40), 1927 (Table 29), Digitized for1 9F2R6 (ATSabElRe 107)» and 1925 (Table 106). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DISCOUNT BATES AND MONEY KATES' 81 No. 41.—MONEY RATES IN NEW YORK CITY—PREVAILING RATES CHARGED CUSTOMERS, 1927-1931 [Rates prevailing during 7-day period ending with 15th of month. Per cent] Loans secured by Loans Prune Inter- stocks and bonds secured Month com ci m al er- b lo a a n n k s by h o w u a s r e eloans Demand Time receipts 1927 January February __. 4 -5 March 4 -5 4M-5 April 434-5 May 4H-5 June 43^-5 July. 4 -5 434-5 4^5 August 4^-5 4^-5 September.. 4H-5 4^5 October 4 -5 4%-5 November.. 3^-5 4M-5 December.. 4 -5 4H-5 1928 January February, _. 4 -5 4H6 March 43^-5 43^-5 April 5 4M~5 May 5 4-6 5 -53/ 5 -6 June 5 -53, 5 —5^ 5 -6 July 5 -6 5 -6 5 -6 August 534-6 5H-6 5^-6 September.. 53^-6 October 53^-6 53^-G November.. 5H-6 December- 5K-6 %6 1929 January February... 5M6 March 5H-6 5M-6 April.. 6 May June 5M-6 July. 5M-6 5M-6 6 August 6 6 September.. 6 6 6 October 6 -6k 6 -6J 6 -6k 6 November- 5K-6 6 December.. 5H-6 5M-6 5H-6 1930 January 5U-5H February—. 5 -5H 5 -5 5^-6 5/i-6 March 4U5 5 -6 5-6 5 -51, April 4^-51/2 5 -5^1 5 May 41-2-5 4^-5^ 4/-5HJ 4H-6 June 4 -4V2 4 -5 4J/2-5 July 4 -4/ 4 -43 4 -5 4H-5 4 -5 August 4 -4M 4 -4} 4 -5 September- 4 4 -41 4 -5 47"-5 October 4 -4J 4 -5 4 -5 4 -5 November- 4 -4J 4 -5 4 -5 4 -4 December. . 3J/2-4 4 -41 4 -5 4 -5 4 -5 1931 January 3H5 41/2-5 3%-5 February... 4 -41/2 41/2-5 4/2-5 j M Ap a r r i c l h 3 3 J /4 4 - - 4 4 4 3 ^- - 5 4H 4 4 1 ^ / - 2 5 -5 4/2-5 I 3/i4^ May 3 -4 4 -4^2 4/2-5 3/2-4 June 3 J4-4 4 -4^ 4/2-5 4/2-5 3%-4H J A S N O D u e u c o e l p t y g c v o t u e e e b m s m m e t r b b b e e e r r r . . . . . . 3 3 3 3 4 4 / 2- - - 4 4 4 4 4 4 4 4 41 ^ / 5 2 - - - - 4 - 5 5 5 4 V ^ 2 4 4 4 4 4 4 1 / / 2 2 ^ - - - - - - 5 5 4 4 5 5 / / 2 2 4 4 4 4 4 / / 2 r5 - - - - 4 5 5 5 ' V 3 3 3 4 4 4 ' / / / / 2 2 2 2 - - - - - - 4 4 5 5 4 5 /2 Back figures.—See Annual Eeports for 1928 (Table 41) and 1927 (Table 30). NOTE.—For corresponding figures relating to cities other than New York, see the Federal Reserve Bulletin; also Annual Reports for 1926, Part II, Table 16, and 1925, Part II, Table 12. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
82 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 42.—RATES CHARGED CUSTOMERS BY BANKS IN PRINCIPAL CITIES [Weighted averages of prevailing rates] 1919 1920 1921 1924 1925 1926 1927 1928 1929 1931 New York City: January 5.54 5.93 6.71 5.50 4.82 5.21 4.16 4.64 4.66 4.56 5.74 5.64 4.24 February 5.36 6.00 6.78 5.48 4.91 5.07 ,4.43 4.68 4.56 4.44 5.73 5.35 4.31 March 5.46 6.00 6.70 5.43 4.98 5.06 4.53 4.62 4.56 4.59 5.81 5.22 4.20 April.__ 5.56 6.09 6.64 5.46 5.32 4.98 4.48 4.62 4.63 4.72 5.85 4.91 4. 17 May— 5.43 6.00 6.68 5.06 5.27 4.89 4.38 4.66 4.63 4.97 5.88 4.74 4.11 June -. 5.45 6.00 6.43 4.93 5.21 4.64 j 4.36 4.58 4.60 5.09 5.93 4.59 4.13 July..- — 5.49 6.43 6.21 5.16 5.29 4.21 ! 4.46 4.38 4.56 5.38 5.88 4.48 4.05 August 5.49 6.36 6.25 4.66 5.18 4.09 ! 4.36 4.62 4.41 5.56 6.05 4.41 3.97 September __ 5.49 6.57 6.11 4.70 5.33 4.20 | 4.57 4.81 4.44 5.63 6.06 4.29 3.93 October 5.63 6.57 5.93 4.74 5.37 4.41 4.62 4.85 4.49 5.63 6.08 4.26 4.27 November 5.56 6.71 5.96 4.82 5.39 4.13 4.61 4.79 4.35 5.56 5.86 4.17 4.67 December 5.61 6.36 5.68 4.86 5.21 4.29 4.70 4.79 4.50 5.63 5.74 4.16 4.64 Eight other northern and eastern cities: January 5.79 5.99 6.99 6.08 5.34 5.53 4.80 5.14 4.99 4.73 5.87 4.61 February 5.67 6.15 6.95 5.89 5.38 5.38 4.79 5.11 4.98 4.76 5.86 5.66 4.63 March 5.66 6.32 6.94 5.77 5.52 5.37 4.89 5.15 4.88 4.81 5.91 5.47 4.62 April 5.72 6.68 6.99 5.46 5.49 5.31 4.92 5.17 4.90 4.91 6.00 5.22 4.57 May 5.59 6.79 6.94 5.43 5.54 5.26 4.95 5.07 4.95 5.04 6.09 5.13 4.55 June 5.70 6.98 6.97 5.43 5.45 5.12 4.95 4.87 4.93 5.36 6.02 5.06 4.49 July 5.75 7.01 6.93 5.31 5.47 5.09 4.90 4.92 4.90 5.57 6.08 4.81 4.48 August 5.75 7.01 6.59 5.27 5.64 4.80 4.98 4.91 4.87 5.59 6.11 4.79 4.47 September 5.76 6.98 6.62 5.12 5.59 4.87 5.04 5.08 4.77 5.80 6.24 4.74 4.48 October 5.76 7.00 6.65 5.20 5.57 4.87 5.16 5.15 4.79 5.80 6.25 4.75 4.62 November 5.77 7.00 6.32 5.35 5.51 4.80 5.20 5.07 4.82 5.82 6.12 4.66 4.87 December 5.86 6.97 6.19 5.44 5.48 4.87 5.17 5.09 4.76 5.91 5.94 4.68 4.91 Twenty-seven southern and western cities: January 6.11 6.16 7.10 6.56 5.90 6.02 5.57 5.56 5.72 5.53 5.94 6.12 5.50 February 6.03 6.26 7.11 6.46 5.91 5.91 5.55 5.65 5.71 5.53 5.96 6.04 5.43 March 6.02 6.43 7.13 6.35 5.83 5.89 5.61 5.62 5.65 5.54 6.04 5.98 5.40 April 6.01 6.47 7.09 6.22 5.94 5.89 5.61 5.65 5.57 5.54 6.07 5.86 5.36 May 6.00 6.56 7.06 6.23 5.92 5.79 5.58 5.61 5.59 5.56 6.10 5.75 5.26 June 5.91 6.88 7.05 6.13 5.91 5.69 5.59 5. 54 5.54 5.67 6.16 5. 69 5.34 July 5.98 7.00 7.04 6.04 5.96 5.63 5.59 5.54 5.52 5.77 6.17 5.62 5.30 August 5.94 6.99 7.03 6.02 5.98 5.57 5.60 5.56 5.53 5.80 6.22 5.57 5.28 September 5.93 7.07 6.96 5.94 5.94 5.55 5.55 5.60 5.61 5.82 6.27 5.54 5.32 October 5.96 7.04 6.85 5.89 5.95 5.47 5.53 5.66 5.56 5.87 6.29 5.53 5.38 November 5. 95 7.08 6.74 5.94 5.99 5.53 5.55 5.67 5.56 5.90 6.29 5.49 5. 53 December 6.10 7.07 6.67 5.90 5.99 5.53 5.61 5.68 5.60 5.91 6.20 5.42 5.56 NOTE.—Figures relate to rates charged by reporting banks to their own customers (see Table 41) as distinguished from open-market rates (which are given in Tables 39 and 40). All averages are based on rates reported for 3 types of customers loans—commercial loans, and demand and time loans on securities. The method of computing the averages takes into account (a) the relative importance of each of these 3 types of loans and (6) the relative importance of each reporting bank, as measured by total loans. In the two group averages the average rate for each city included is weighted according to the importance of that city in the group, as measured by the loans of all banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DISCOUNT RATES AND MONEY RATES 83 FOREIGN RATES No. 43.—DISCOUNT RATES OF CENTRAL BANKS IN FOREIGN COUNTRIES— CHANGES FROM JANUARY 1, 1928, TO DECEMBER 31, 1931 Central bank of— Date effective England France m G a e n r y - Italy Japan N l e a t n h d e s r- Sweden Sw la i n tz d er- In effect Jan. 1, 19.8 4 7 7 5.48 3H IH 1928—Jan 2 Jan 19 VA Mar. 5 Apr 1 6 May 1 - ._ . 4 June 25 Aug 24 4H 1929—Jan 7 6 Jan 12 6M Feb.7 5X> Mar 14 7 Mar 25 5K Apr 25 m Sept. 26 Sept. 27 Oct. 31 6 5 Nov 2 7 Nov. 16 i 4H Nov. 21 Dec. 12 5 Dec 13 5 1930—Jan 1 Jan 14 m Jan. 16 4 Jan. 30 . .- 3 Feb 5 6 Feb. 6 - VA Mar 3 m Mar. 6 4 Mar 7 4 Mar 8 5H Mar. 20 _ ::::::::: Mar 25 5 3 Apr 3 3H 3 Apr 24 6 May 1 3 May 2 2H May 19 Mav 20 June 21 4 ._ __ July 10 - _ 2H Oct. 7 5. II Oct. 9 5 jg31_j an 3 2 Jan. 22 Jan 24 2H 2 Feb 6 3 May 14 _ _ VA May 16 2 June 13 . 7 July 16 10 July 23 July 30 July 31 4 Aug. 1 _ _._ -_. 15 Aug. 12 10 Sept. 2 _ _._ _ 8 Sept. 21 6 5 Sept 25 6 Sept. 28 7 8 Sept. 29 3 Oct. 6 5.84 Oct. 8 7 Oct. 10 2H Oct. 19 - _ 6 Nov. 4 6.57 Dec. 10 7 In effect Dec. 31, 1931 6 7 7 6.57 3 6 2 Back figures.—See Annual Reports for 1929 (Table 38) and 1928 (Table 42). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
84 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 44.—OPEN-MARKET RATES IN FOREIGN COUNTRIES, BY MONTHS, 1927-1931 Nether- England France Germany Italy Japan lands Switzer- (London) (Paris) (Berlin) (Milan) (Tokyo) (A d m am ste ) r- (Z l u a r n i d ch) Month B a m a a n c o n c c n e k e s p t e h , t r - s s 3 ' d P is r r c i a v o t a e u t n e t d P is r r c i a v o t a e u t n e t d P is r r c i a v o t a e u t n e t Disc b o il u l n s ted d P is r r c i a v o t a e u t n e t d P is r r c i a v o t a e u t n e t 1927 January... 4.17 I 4.99 4.20 9.25 2.97 3.16 February... 4.19 4.45 4.23 9.25 | 3.47 2.87 March 4.33 3.89 4.59 9.25 3.50 2.98 April. 4.04 3.17 4.61 9.25 3.47 3.13 May 3.88 2.46 4.90 8.50 3.46 3.19 June 4.34 2.25 5.39 7.60 3.57 3.42 July 4.33 2.13 5.90 7.00 3.53 3.47 August 4.33 2.04 5.82 7.00 3.45 3.44 September- 4.32 2.01 5.90 6.81 3.56 3.39 October 4.32 1.82 6.69 6.50 4.11 3.38 November.. 4.33 2.75 6.76 6.27 4.50 3.39 December.. 4.31 2.95 6.87 6.00 4.49 3.40 1928 January... 4.19 2.81 6.27 6.00 4.29 3.29 February... 4.18 2.75 6.20 5.89 3.97 3.12 March 4.12 2.72 6.72 5.75 6. 57-6. 94 3.97 3.20 April 4.02 2.62 6.71 5.49 6. 57-6. 75 4.18 3. 29 May... 3.97 2.62 6.66 5.25 6. 39-6. 75 4.27 3.32 June 3.82 2.90 6.59 5.25 6. 39-6. 57 4.18 3.40 July 3.99 3.12 6.74 5.25 6. 21-6. 57 4.10 3.44 August 4.27 3.23 6.68 5.25 6. 21-6. 39 4.13 3.41 September.. 4.23 3.26 6.65 5.25 6.02-6. 39 4.39 3.38 October 4.35 3.37 6.57 5.25 6. 21-6. 39 4.40 3.38 November.. 4.38 3.37 6.28 5.45 6. 02-6. 21 4.44 3.35 December.. 4.37 3.41 6.28 5.50 5. 84-6.21 4.46 3.32 1929 January.., 4.32 3.50 5.80 5.83 5. 84-6. 21 4.20 3.28 February... 5.05 3.39 5.80 6.00 ?,. 66-5. 84 4.39 3.31 March 5.33 3.37 6.31 6.31 5. 66-5. 84 4.64 3. 39 April. 5.21 3.44 6.63 6.75 5. 48-5. 66 5.36 3.45 May__ 5.21 3.49 7.49 6.83 5. 48-5. 66 5.37 3.34 June 5.32 3.50 7.50 6.75 5. 48-5. 66 5.30 3.26 July.... 5.38 3.50 7.39 6. 75 5. 48-5. f,6 5.20 3.19 August 5.47 3.50 7.18 6.85 5.48 5.06 3.33 September. 5.59 3.50 7.18 7.01 5.48 5.36 3.38 October 6.13 3.50 7.28 7.18 5.48 5.15 3.38 November.. 5.35 3.50 6.89 7.00 5.48 4.26 3.32 December. _ 4.76 3.50 6.98 7.00 5.48 3.52 3.15 1930 January 4.07 3.38 6.33 7.00 5.48 2.99 2.97 February.-. 3.82 2.91 5.53 6.95 5.48 2.80 2.71 March 2.78 2.70 5.12 6.57 5.48 2.50 2.60 April.. 2.48 2.57 4.46 6.43 5. 48 2.52 2.61 May 2.16 2.36 3.89 5. 81 5.48 2.29 2.44 June 2.31 2.11 3.58 5.50 5.48 1.89 2.06 July..... 2.37 2.08 3.40 5.50 5.48 1.85 1.92 August 2.21 2.10 3.24 5.50 5.48 1.83 1.75 September- 2.07 1.99 3.30 5.48 5. 48 1.96 1.50 October 2.09 2.00 4.66 5.25 5. 48-5. 66 1.59 1.29 November.. 2.18 2.00 4.79 5.43 5.48-5.66 1.31 1.16 December.. 2.30 2.03 4.82 5.50 5.48-5.66 1.39 1.18 1931 January 2.25 1.89 4.75 5.50 5. 48-5. 66 1.38 1.17 February... 2.56 1.77 4.88 5.50 5.48 1.12 1.00 March 2.60 1.57 4.76 5.50 5. 29-5.48 1.09 .99 April 2.58 1.47 4.65 5.48 5.29-5. 48 1.50 1.06 May 2.24 1.28 4.65 5.25 5.29-5. 48 1.39 1.12 June 2.09 1.06 6.05 5.25 5.29-5.48 1.05 1.12 July 2.58 1.20 2 7.00 5.25 4. 93-5. 48 1.53 1.55 Aug ust 4.28 1.50 2 8. 92 5.25 4. 93-5. 48 1.30 1.98 September.. 4.74 1.50 7.99 5.47 4. 93-5. 48 1.30 1.80 October 5.68 1.80 8.00 7. 50 4. 93-5.66 2.76 1.90 November.. 5.75 1.90 8.00 7.50 5. 48-6. 57 1.59 1.77 December.. 5.85 1.75 7.33 7.50 5. 84-6. 57 1.57 1.75 1 All figures are monthly averages. For sources used and detailed explanation of methods of quotation, see Federal Reserve Bulletin ror November, 1926, April, 1927. November, 1929, and May, 1930. 2 Based on data for part of month, no quotations being available for remainder of month. Back figures.—See Annual Report for 1926 (Table 116). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MEMBER AND NONMEMBER BANK CREDIT 85 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL BANKS IN THE UNITED STATES No. 45.—ALL BANKS1 IN THE UNITED STATES—LOANS AND INVESTMENTS OF MEMBER AND NONMEMBER BANKS, 1914-1931 [In millions of dollars] Loans and investments Loans Investments Date 2 ba A n l k l s b M a b n e e m k r s - b m N a e b o e n m n r - k - s ba A n l k l s * b M a b e n e m k r s b m N a b n e o e k m n r s - - * ba A nk ll s" b M a b e n e m k r s - b m N a b n e o e m k n r s - - * 1914—June 30.. 20, 788 3 8, 313 « 12, 475 15, 257 3 6,443 » 8, 813 5,532 ' 1,870 * 3, 662 1915—June 23. 21, 466 8,764 12, 702 15,653 6,720 8,933 5,813 2,044 3,769 1916—June 30.. 24, 586 10, 315 14, 271 17, 972 7,964 10, 007 6,614 2,351 4,262 1917—June 20.. 28, 286 12, 453 15, 833 20, 525 9,370 11,153 7,764 3,083 4,679 1918—June 29.. 31,813 18, 507 13, 306 22, 404 13, 233 9,171 9,408 5,274 4,135 1919—June 30.. 36, 572 22, 242 14, 330 24, 723 15, 414 9,310 11,847 6,827 5,020 1920—June 30.. 41, 684 25, 559 16,125 30, 839 19, 533 11,305 10,845 6,026 4,820 Nov. 15.. « 42,149 25, 769 5 16, 380 5 31,322 19, 852 511,470 | U0,827 5,917 «4, 910 Dec. 29.. 5 41, 551 25, 531 5 16,020 5 30,655 19, 555 "11,100 510,896 5,976 5 4,920 1921—Apr. 28 M0,250 24, 390 5 15, 860 29, 387 18, 487 10,900 «10,863 5,903 «4,960 June 30. 40,001 24,121 15, 880 28, 988 18,119 10,870 ! 11,012 6,002 5,011 Dec. 31 539,007 23, 482 5 15, 535 5 27,869 17, 394 10,475 6,088 5 5,060 1922—Mar. 10 *38,918 23, 278 5 15, 640 5 27,580 17,080 «10,500 5 11,338 6,198 5 5,140 , June 30 39,956 i 24,182 15, 774 27, 750 17,165 10, 587 12, 206 7,017 5,189 Dec. 29 541,919 25, 579 5 16,340 ,528,880 17, 930 510,950 513,039 7,649 5 5,390 1923—Apr. 3... 1 42, 971 ! 26,141 5 16, 830 5 29,719 18,419 511,300 613, 252 7,722 5 5, 530 June 30_. 43,737 ' 26, 507 17, 232 30, 398 18, 750 11, 647 13, 341 7,757 5,584 Sept. 14.. 43, 742 26, 319 17, 423 30, 560 18, 719 11,841 13,182 7,600 5,581 Dec. 31.. 44,003 26, 487 17, 516 30, 797 18,842 11,955 13,206 7,645 5,561 1924—Mar. 31.. 44, 453 26, 663 17, 790 31, 219 19,045 12,174 13, 234 7,618 5,616 June 30.. 45,180 27,167 18,013 31,541 19, 204 12, 337 13,639 7,963 5,674 Oct. 10.. 46, 448 28, 311 18,137 32,100 19, 713 12,387 14,348 8,599 5,750 Dec. 31.. 47,182 28, 746 18, 437 32,458 19, 933 12,525 14, 724 8,813 5,911 1925—Apr. 6... 47, 911 29, 046 18, 865 33, 019 20,176 12,843 14,893 6,023 June 30_. 48, 830 29, 518 19, 312 33, 882 20, 655 13, 227 14, 948 8,863 6,085 Sept. 28_. 49, 826 30,176 19,650 34,850 21, 285 13,565 14,975 6,085 Dec. 31.. 50, 603 30, 884 19, 720 35, 658 21,996 13,662 14,945 6,057 1926—Apr. 12.. 50, 830 30, 819 20, Oil 35, 719 21, 785 13,934 15, 111 9,034 6,077 June 30-. 51, 562 31,184 20, 378 36,176 22,060 14,114 15,386 9,123 6,265 Dec. 31.. ' 52,024 31, 642 r 20, 382 36, 777 22, 652 14,125 15, 246 8,990 6,256 1927—Mar. 23.. 52, 462 31, 949 20, 513 36,532 22, 327 14, 205 15,930 9,622 6,308 June 30-. 53, 750 32, 756 20, 994 37,378 22,938 14, 440 16,373 9,818 6,555 Oct. 10.. 54, 443 33,186 21, 257 37,830 23, 227 14, 603 16, 613 9,959 6,654 Dec. 31.. 55,450 34, 247 21, 204 38,426 23,886 14, 539 17,024 10, 361 6,664 1928—Feb. 28.. 55, 327 33, 688 21, 639 37, 910 23,099 14, 811 17,416 10, 590 6,827 June 30-. 57, 265 35,061 22, 204 39, 483 24, 303 15,180 17, 782 10, 758 7,024 Oct. 3... 57, 219 34, 929 22, 291 39, 690 24, 325 15,365 17, 530 10, 604 6,926 Dec. 31-. 58, 266 35, 684 22, 582 40, 782 25,155 15, 627 17,484 10, 529 6,955 1929—Mar. 27.. 58, 019 35, 393 22, 626 40,577 24, 945 15,632 17,442 10,448 6,994 June 29.. 58, 474 35,711 22, 763 41, 531 25, 658 15, 873 16,943 10,052 6,891 D O e c c t. . 4 31 .. . . . 5 5 8 8 , , 4 8 1 3 7 5 3 35 5 , , 9 9 1 3 4 4 2 2 2 2 , , 9 4 2 8 2 3 4 4 1 2 , , 9 2 1 2 8 1 2 26 6 , , 1 1 5 6 0 5 1 15 6 , , 7 0 6 5 8 6 1 16 6 , , 4 6 9 1 9 5 9 9 , ,7 7 4 8 9 4 6 6 , , 7 86 1 6 5 1930—Mar. 27.. 57, 386 35,056 22, 331 40, 706 25,119 15, 587 16,680 9,937 6,743 June 30-. 58,109 35, 656 22, 453 40, 638 25, 214 15,424 17, 471 10, 442 7, 029 Sept. 24_. 57, 590 35, 472 22,118 39, 735 24, 738 14, 997 17,855 10, 734 7,121 Dec. 31.. 56, 209 34,860 21, 349 38,135 23, 870 14, 264 18, 074 10, 989 7,085 1931—Mar. 25.. 55, 924 34, 729 21,195 36, 813 22, 840 13, 974 19,111 11,889 7,222 June 30-. 55, 022 33, 923 21, 099 35,384 21, 816 13,568 19,637 12,106 7,531 Sept. 29.. 53, 365 33,073 20, 292 33, 750 20, 874 12, 876 19, 615 12,199 7,416 Dec. 31.. 49, 704 30, 575 19,129 31,305 19, 261 12,045 18, 399 11, 314 1 Includes member and nonmember banks (21,903 altogether in June, 1931) as follows: National banks, State commercial banks and trust companies, mutual and stock savings banks, and all private banks under State supervision (about 211 in June, 1931.) 2 Dates of reports of member banks; figures for nonmember banks are as of nearest available date. 3 National banks. * Nonnational banks. 5 Estimated. ' Revised. * Figures (excepting those estimated) revised for period June, 1914-September, 1930; see Tables 97 and 98. 135554—32- 87 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
88 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 46.—ALL BANKS1 IN THE UNITED STATES—DEPOSITS OF MEMBER AND NONMEMBER BANKS (EXCLUSIVE OF INTERBANK DEPOSITS), 1914-1931 [In millions of dollars] Date 3 ba A n l k l s M b e a m nk b s er m b N e a m o n n k b - s er Date' ba A n l k l s M b e a m nk b s er m N b e a o m n n k b - s er 1914—June 30 18,566 » 6,374 < 12,192 1925—Sept. 28 47,994 28,197 19, 797 1915—June 23 19,131 6,678 12,453 Dec. 31 49,224 30,029 19,195 1916—June 30 22, 759 8,395 14,364 1917—June 20 26,352 10, 301 16, 052 1926—Apr. 12 48, 736 29,044 19,692 1918—June 29 28, 765 15,670 13,095 June 30 49, 733 29, 781 19,952 1919—June 30 33,603 19,171 14,433 Dec. 31 ••50,155 30,474 '19,681 1920—June 30 37, 721 21,915 15,805 1927—Mar. 23 49, 802 29, 869 19, 933 Nov. 15 (5) 21,876 (5) June 30 51, 662 31, 269 20, 393 Dec. 29_ (5) 21,136 (5) Oct. 10 52,152 31, 273 20, 879 Dec. 31 52,909 32,063 20,846 1921—Apr. 28 (5) 20,143 (5) June 30 35, 742 20,637 15,104 ! 1928—Feb. 28 52,221 31,191 21,030 Dec. 31 (5) 20,387 CO June 30 53, 398 32,133 21, 265 Oct. 3 53, 720 32,138 21, 582 1922—Mar. 10. (5) 20,495 CO Dec. 31 56, 766 34,826 21, 940 June 30 37, 615 22, 397 15,219 j Dec. 29 CO 23,796 (6) 1929—Mar. 27 54, 545 33, 215 21,330 June 29 53,852 32, 284 21. 567 1923—Apr. 3 (5) 23,692 CO Oct. 4 55,180 33, 004 22,176 June 30 40,688 23, 871 16, 817 Dec. 31 55, 289 33, 865 21,424 Sept. 14 40,685 23, 739 16,946 Dec. 31 42,163 24,996 17,167 1930—Mar. 27 53,185 32,082 21,103 June 30 54, 954 33,690 21,'264 1924—Mar. 31 41, 979 24, 790 17,189 Sept. 24 52,784 31, 839 20, 945 June 30 43,405 25, 711 17,694 Dec. 31 53,039 32, 560 20. 479 Oct. 10 44,184 26, 305 17, 879 Dec. 31 45,835 27,836 17,999 1931—Mar. 25 51,427 31,153 20, 274 June 30 51, 782 31, 566 20, 216 1925—Apr. 6 _. 45,859 27,168 18, 691 Sept. 29 49,152 29,469 19,683 June 30 47,612 28,440 19,172 Dec. 31 45,821 27,432 18, 389 1 Includes member and nonmember banks (21,903 altogether in June, 1931) as follows: National banks, State commercial banks and trust companies, mutual and stock savings banks, and all private banks under State supervision (about 211 in June, 1931). . 2 Dates of reports of member banks, figures for nonmember banks are as of nearest available date. *National banks. 4 Nonnational banks. 6 Figures not available. r Revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL MEMBER BANKS No. 47.—ALL MEMBER BANKS—RESOURCES AND LIABILITIES OF NATIONAL AND STATE BANK MEMBERS, DECEMBER 31, 1930 AND 1931 [In thousands of dollars] Total National banks * State bank members Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31, 1930 1931 1930 1931 1930 1931 KESOUECES Loans (including overdrafts). 23, 870,488 19>,, 260, 68514,346,76211,904,779 9,523,726 7,355,906 United States Government securities 4,124,776 5,318, 654 2,649,262 3,171,103 1,475,514 2,147,551 Other securities _. 6, 864,247 5, 995, 786 4,429,613! 4,017,733 2.434,634 1, 978,053 Total loans and investments 34,859,51130i,, 575,13521,425,637 19,093,615 13,433,874 11,481,510 Customers' liability on account of acceptances 1,117,833 718, 500 613, 607 389, 386 504,226 329,114 Banking house, furniture, and fixtures 1, 240,444 1,174,957 811,499 769,995 428, 945 404,962 Other real estate owned 191,169 211,755 120,719 132, 391 70,450 79, 364 Cash in vault 592, 504 522, 551 405, 821 377, 570 186, 683 144, 981 Eeserve with Federal reserve banks 2,474, 509 1,975,169 1,460,365 1,137, 747 1, 014,144 837, 422 Items with Federal reserve banks in process of collection 757,216 598,285 450, 229 371,366 306,987 226,919 Due from banks in United States 2,455,948 1,662, 226 1,777,037 1,175, 677 678,911 486, 549 Due from banks in foreign countries (including own branches) 260,818 174,183 204,448 148, 588 56,370 25, 595 Exchanges for clearing house and other checks on local banks 2, 076,189 1,388,409 1,010,263 670,169 1,065,926 718,240 Outside checks and other cash items 92, 766 108,128 63,011 29, 755 20,130 Redemption fund and due from United 87,998 States Treasurer 32, 318 31,372 32,318 Acceptances of other banks and bills of ex- 31,372 change or drafts sold with indorsement.. 662, 686 310,502 244, 489 418,197 204,239 Securities borrowed 21, 069 13,473 15,803 106,263 5,266 4,470 Other assets 222,911 223, 687 118, 586 9,003 104,325 106,613 117,074 Total . 47,057,891 39, 688, 32228, 753, 832,24, 618, 214 18,304, 059 15, 070,108 LIABILITIES Capital stock paid in 2,665,151 2,499, 098 1,718,734 1,618,024 946, 417 881, 074 Surplus .__ 2,822,091 2, 524,460 1,546,3021 1,379,549 1, 275, 789 1,144,911 Undivided profits—net 894,388 605,403 515,381 350,993 379,007 254,410 Reserves for dividends, contingencies, etc. 211,407 370,368 108, 269 170, 691 103,138 199, 677 Reserves for interest, taxes, and other expenses accrued and unpaid 121,190 98,668 64,277 52, 555 56,913 46,113 Due to Federal reserve banks 49,267 48,381 32,416 35, 713 16, 851 12, 668 Due to other banks in United States 3,872,842 2,832,296 2,360,920 1,719,847 1,511,922 1,112,449 Due to banks in foreign countries (including own branches) 634,927 433, 740 388, 597 218,361 246,330 215,379 Certified and officers' checks outstanding. _ 1,223, 777 729, 301 633, 590 352, 366 590,187 376,935 Cash letters of credit and travelers' checks outstanding-. 20,960 19, 581 8,777 8,486 12,183 11, 095 Demand deposits 17,501, 555500 14,955,400 10, 622, 893 9,056, 329 6,878,657 5,899,071 Time deposits 13,546,20111,315, 842 8, 711, 721 7, 594,468 4,834,480! 3,721,374 United States deposits .__ 267,415 411,845 160, 638 259,449 110066, 777777 115223,39966 Agreements to repurchase United States Government or other securities sold 158,141 81,583 33,073 51,101 125, 068 30,482 Bills payable and rediscounts: "With Federal reserve banks 248,017 622,652 185, 732 424, 794 62, 2851 197, 858 All other .__ _. 107,151 216,476 69,874 130, 571 37, 277 85,905 Acceptances of other banks and bills of exchange or drafts sold with indorsement- _ 310,502 244,. 106, 263 418,197 204,239 Acceptances executed for customers 1,138, 624 732,253 625,450 397, 587 513,174 334, 666 Acceptances executed by other banks for account of reporting banks 15,031 14,169 8,242 5,528 6,789 8,641 National-bank notes outstanding- 639,640 624,234 639,640 624,234 Securities borrowed 21,069 13,473 15,; 9,003! 5,266j 4,470 Other liabilities 236, 366 228, 597 59, 014 52, 302! 177,352 176,295 Total 47,057,891 39,688,322 28, 753,832 24,618,214 18,304,059 15,070,108 i Member banks only; i. e., exclusive of national banks in Alaska and Hawaii. Back figures.—For principal items see Table 46, also Annual Report for 1926 (Tables 77-78: Separate figures for national and State members); for details see (1) Member Bank Call Report Nos. 34-54; (2) Annual Reports for 1930 (Table 44), 1929 (Table 42), 1928 (Table 46), 1927 (Table 84), 1926 (Table 79), 1925 (Tables 78-80), 1924 (Tables 78-80); (3) Federal Reserve Bulletins. 89 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
90 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 48.—ALL MEMBER BANKS—RESOURCES AND LIABILITIES OF RESERVE CITY AND COUNTRY BANKS, DECEMBER 31, 1930 AND 1931 [In thousands of dollars] Central reserve Other reserve city city banks banks Country banks Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31, Dec. 31, 1930 1931 1930 1931 1930 1931 RESOURCES Loans (including overdrafts) 7, 490, 5065,800,903 8,379,156 6,852,045 8,000,826 6, 607, 737 United States Government securities 1, 479, 081 2,056,524 1,486,289 1,844,390 1,159,406 1, 417, 740 Other .securities , 1, 473,861 1,119,948 2,031,140 1,901,912 3,359,246 2, 973, 926 Total loans and investments 10,443,448 8,977,375 11,896,585 10,598,347 13,519,47810,999,403 Customers' liability on account of acceptances 858, 038 585, 156 245, 866 126,116 13,92? 7,228 Banking house, furniture, and fixtures 255, 641 258,315 448, 872 425, 948 535, 931 490, 694 Other real estate owned 12, 498 17,019 67, 432 79, 963 111,23? 114, 773 Cash in vault 105, 970 66, 925 169, 217 153, 520 317,317 302,106 Reserve with Federal reserve banks. _ 1,109, 346 824, 782 770, 591 652, 441 594, 572 497, 946 Items with Federal reserve banks in process of collection 272, 963 206,199 348, 204 270, 266 136, 049 121,820 Due from banks in United States 339, 574 226,84" 1,141, 771 750, 680 974, 603 684, 699 Due from banks in foreign countries (including own branches) 188, 571 121,174 69, 411 49, 330 2,836 3,679 Exchanges for clearing house and other checks on local banks 1, 617, 600 1, 038, 283 361, 952 273, 024 96, 637 77,102 Outside checks ond other cash items 10, 351 54, 222 25, 018 21, 641 Redemption fund and due from United 13, 526 76,136 States Treasurer 2,039 7,426 22, 672 21, 516 Acceptances of other banks and bills of 2, 22C 7,817 exchange or drafts sold with indorsement- 256, 068 98, 309 5,404 1,719 Securities borrowed 558, 973 200 9,752 52, 715 11,317 7,788 Other assets 85, 669 83, 537 80, 933 5, 485 56, 309 56, C60 84, 090 Total. 15, 864, 03712,674,270 15,770,54313, 605,87815, 423, 31113, 408,174 LIABILITIES Capital stock paid in 838, 642 779. 841, 701 809, 117 984,: 910, 942 Surplus 1,109, 306 987,150 854, 245 778, 661 858, 540 758, 649 Undivided profits—net 339, 903 200, 992 231,335 173,011 323,150 231,400 Reserves for dividends, contingencies, etc. 77, 743 166, 014 72, 124 125,077 61, 540 79, 277 Reserves for interest, taxes, and other expenses accrued and unpaid. 47, 972 35, 208 38, 402 33, 747 34, 816 29, 713 Due to Federal reserve banks 9 9,420 9,511 39, 83K 38,870 Due to other banks in United States 1,713,815 1, 262,168 1, 772, 505 1, 275, 480 386, 522 Due to banks in foreign countries (including own branches) 577, 274 400, 899 55, 722 30, 696 1, 931 2,142 Certified and officers' checks outstanding- 874, 584 481, 522 237, 458 165, 205 111,735 82, 574 Cash letters of credit and travelers' checks outstanding 15,105 14,508 5,471 4,869 384 204 Demand deposits ... 6, 687. 470 5,880, 231 5, 594, 468 4, 778, 94915,219,612 4, 296, 220 Time deposits 1, 805, 404 1,218,911 5, 202, 34, 4, 455, 657 6, 538, 452 5,641,274 United States deposits 62, 640 182, 34' 151, 867 168, 504 52, 908 60, 994 Agreements to repurchase United States Government or other securities sold 100, 921 7,060 42, 237 49, 757 14, 983 24, 766 Bills payable and rediscounts: With Federal reserve banks 20, 516 4.1, 692 63, 380 256, 894 164,121 324,066 All other 16, 024 19, 690 11,638 80,131 79, 489 116, 655 Acceptances of other banks and bills of exchange or drafts sold with indorsement 558, 973 256, 068 98, 309 52, 715 5,404 1,719 Acceptances executed for customers 873,151 598, 205 252, 889 128, 419 12, 584 5,629 Acceptances executed by other banks for account of reporting banks.. 9, 878 9,470 3,471 2,839 1,682 1,860 National-bank notes outstanding 44,119 40, 743 144, 298 154, 354 451,223 429,137 Securities borrowed 200 9,752 5,485 11,31 7,788 O ther liabilities 90, 588 92,153 77, 506 66, 797 68, 272 69, 647 Total. 15, 864,037 12, 674, 27015, 770, 543 13,605, 87815,423,31113,408,174 Back figures.—See (1) Member Bank Call Report, Nos. 34-54 (where data are given by cities); (2) Annual Reports for 1930 (Table 45), 1929 (Table 43), 1928 (Table 47), 1927 (Table 85), 1926 (Table 80), 1925 (Tables 81-84), 1924 (Tables 81-84); and (3) Federal Reserve Bulletins. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL MEMBER BANKS 91 No. 49.—ALL MEMBER BANKS—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY MONTHS, 1929-1931 [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrow- Reserves ings at Class of bank and month required Federal N m e a t n d d e l - Time2 Total Total Excess r b e a se n r k v s e All member banks: 1929—January 19,101 13,465 32, 566 2, 333 2,386 53.4 844.3 February.-. 18,889 13, 409 32, 298 2, 312 2, 358 46.1 875. 1 March 18, 722 13, 347 32,068 2, 296 2,337 40.9 955.5 April 18, 521 13, 273 31, 794 2,272 3,308 36.5 989.6 May 18, 430 13, 303 31, 733 2,263 2,296 33.0 951.0 June 18, 519 13,242 31, 761 2,275 2,316 41.7 974.2 July 18, 733 13,188 31, 921 2,291 2,334 42.2 1, 090. 4 August 18, 662 13, 234 31,896 2,287 2,322 35.5 1, 040. 4 September.. 18, 778 13, 311 32, 090 2,300 2, 334 34.2 961.0 October 19,125 13, 317 32, 441 2,343 2,386 42.4 877.6 November.. 19,979 13,194 33,173 2,456 2,521 65.4 949.7 December.. 19,112 13, 070 32, IS2 2,347 2,395 48.3 801.3 1930—January 18, 719 13,261 31, 981 2,305 2,349 44.5 497.6 February... 18, 262 13, 269 31, £31 2, 253 2,306 53.2 378.3 March 18, 390 13, 401 31, 791 2,274 2,330 56.0 271.8 April 18, 653 13, 506 32, 159 2,307 2,350 42.4 231.1 May 18,645 13, 584 32, 229 2,311 2,356 45.1 '245. 2 June _. 18,812 13, 693 32, 504 2,338 2,392 53.9 249.8 July 18, 820 13, 843 32,663 2,343 2,417 74.0 223.4 August IH, 746 13, 835 32, 581 2,340 2,392 52.3 213.8 September. 18, 707 13, C36 32, 643 2,338 2,397 59.2 188.5 October 18, 726 14, 000 32, 726 2, 347 2, 407 59.1 196.2 November.. 18, 959 14,056 33, 014 2, 381 2, 433 51.7 220.3 December.. 18, 660 13, 654 32, 314 2,342 2,415 72.8 337.1 1931—January 18, 572 13, 477 32, 048 2,329 2,433 104.7 252.3 February 18, 389 13, 580 31,968 2,314 2,370 56.6 215.7 March 18, 431 13,637 32, 069 2,319 2, 386 66.5 176.3 April _ 18, 491 13,688 32, 179 2,320 2,376 55.6 154.4 May 18, 419 13, 749 32,168 2, 320 2,387 66.8 162.6 June. 18, 055 13, 548 31,602 2,275 2,404 128.9 187.5 July... 18,122 13, 404 31, 526 2,283 2,407 124. 4 168.5 August 17,783 13, 259 31, 041 2,245 2,345 100.6 222.2 September 17, 525 12,974 30, 500 2,212 2,333 120.3 279.6 October 16, 859 12, 279 29,138 2,126 2,256 129.1 608.1 November 16, 358 11,860 28, 218 2,061 2,118 57.0 684.0 December 15, 985 11,453 27, 438 2,010 2,069 59.5 763.3 New York City: 3 1929—January 5,490 1,266 6, 756 752 763 10.8 165. 2 February... 5,468 1,290 6,758 749 759 9.8 140.7 March 5, 477 1,278 6,756 750 758 7.6 154. 7 April 5, 427 1, 268 6, 696 744 748 4.2 185.3 May 5, 400 1,266 6,666 740 746 5.5 156.5 June 5, 521 1, 241 6,762 755 762 6.6 174.4 July 5, 509 1,192 6,701 752 764 12.4 329.3 August 5,463 1,260 6,723 748 753 5.5 230.0 September.. 5,510 1,328 6,838 756 763 6.9 166.0 October 5, 752 1, 365 7,117 789 802 13.0 95.5 November.. 6,676 1, 357 8,032 909 644 35.2 78.9 December.. 6,009 1,304 7,313 820 18.2 107.7 1930—January 5,734 1,378 7,112 787 795 62.3 February... 5,491 1,335 6,826 754 770 15.8 27.9 March 5,582 1,406 6,988 768 783 15.0 21.8 April 5,699 1,462 7,161 785 788 3.5 26.2 May 5,747 1,480 7, 227 791 797 5.1 28.7 June 5,906 1, .537 7,444 814 822 8.5 27.6 July 5,848 1,547 7, 395 807 833 26.1 9.4 August 5,898 1, 532 7,430 813 818 5.2 20.7 September.. 5, 873 1,533 7.406 810 824 14.5 13.8 October 6,005 1,592 7,597 828 845 16.3 14. 5 November.. 6,216 1,571 7,787 855 865 9.6 10.6 December. _ 6,171 1,357 7,528 843 26.1 41.0 1 Subject to reserve requirements of 13 per cent for central reserve city banks, 10 per cent for reservre city banks, and 7 per cent for banks outside central reserve and reserve cities (so-called country banks). 2 Subject to reserve requirements of 3 per cent. 3 Central reserve city banks only. Back figures.—Not available. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
92 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 49.—ALL MEMBER BANKS—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY MONTHS, 1929-1931—Continued [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrowings at Class of book and month Net de- - 1 i R r e e s q e u r i v r e e s d F re e s d e e r r v a e l mand Time Total Total Exci banks New York City: s—Continued. 1931—January 6,163 1, 282 7, 445 840 891 51.5 19. 4 February 6,120 1, 334 7, 453 836 847 11.6 16.8 March 6,169 1,303 7,472 841 860 19.4 13.4 April.. 6, 019 1, 317 7,336 822 829 17.3 May 6,094 1, 345 7,439 833 848 15.5 11.9 June 5,934 1,297 7, 232 810 882 71. 4 4.1 July 6,064 1,260 7, 325 826 887 60.6 1.9 August 5,946 1, 201 7,147 809 843 34.3 14.2 September 5,962 1,163 7,126 810 864 53.8 13.4 October 5, 872 1, 065 6,937 795 848 52.5 82.3 November 5, 653 959 6,612 764 774 10.7 27.3 December 5, 546 868 6,414 747 18.5 45.4 Chicago:3 1929—January 1,201 570 1,771 173 174 .8 62.8 February... 1,207 508 1, 715 172 173 1.2 81.8 March 1,166 444 1,610 165 166 1.3 118.8 * April. 1,141 430 1,570 161 162 1.0 39.0 May 1,133 443 1,575 161 161 .3 36.7 June 1,134 440 1,574 161 161 .7 63.0 July 1,167 452 1, 619 165 165 -.01 48.0 August 1,214 480 1,694 172 173 .6 29.1 September.. 1,209 471 1,680 171 171 .2 20. 0 October 1,248 480 1,728 177 177 .5 32.5 November.. 1,254 447 1,702 176 177 .8 27.0 December.. 1,208 421 1,629 170 171 1.5 34.2 1930—January 1,177 408 1,586 165 167 1.7 9.9 February... 1,151 414 1,564 162 164 1.6 2.5 March 1, 186 429 1, 615 167 169 1.9 1.3 April, 1, 212 434 1,646 171 172 1.9 2.6 May 1,217 445 1,662 172 173 1.3 1.0 June 1,227 463 1,690 173 175 2.1 .2 July 1,244 570 1, 814 179 180 1.2 .3 August 1,247 554 1,801 179 181 2.3 .6 September.. 1,231 573 1,804 177 180 3.2 1.7 October 1,236 556 1,791 177 179 1.6 .5 November.. 1,269 539 1,808 181 183 1.6 .7 December.. 1,273 519 1,792 181 184 3.2 .3 1931—January 1,243 517 1,759 177 180 2.6 .2 February.-... 1,229 533 1,762 176 177 1.1 .2 March 1,169 541 1,710 168 170 1.6 .09 April 1,163 577 1,740 169 170 1.9 .03 May ',191 582 1, 773 172 174 2.1 .3 June , 152 545 1,696 166 169 2.9 2.2 July ,166 494 1,660 166 174 7.3 August..... ,170 501 1,671 167 183 15.6 September- .,151 470 1,621 164 181 17.4 1.0 October 1,101 437 1,538 156 167 11.2 3.5 November.. 1, 094 411 1,505 155 157 2.0 2.1 December... 1,048 395 1,443 148 154 6.4 9.1 Reserve city banks: 1929—January 6,364 4,821 11,185 781 793 12.3 356.2 February. .. 6,241 4,795 11,037 768 779 10.7 391.6 March 6,158 4,792 10,950 761 770 9.2 423.4 April 6,099 4,752 10,851 752 763 10.2 483.7 May 6,076 4,780 10, 855 751 760 9.0 446.3 June 6,056 4,779 10, 835 749 761 12.3 409.4 July 6,128 4,752 10,881 755 764 8.7 399.0 August 6,096 4,705 10, 801 751 759 8.7 460.9 September.. 6,111 4,734 10,845 753 759 5.6 494.1 October-... 6,165 4,733 10,898 758 766 7.4 480.9 November.. 6,194 4,734 10, 928 761 771 9.3 511.5 December-. 6,141 4,762 10, 903 757 766 9.5 347.7 » Central reserve city banks only. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL MEMBER BANKS 93 No. 49.—ALL MEMBER BANKS—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY MONTHS, 1929-1931—Continued [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrowings at Class of book and month N m e a t n d d e- Time Total R re e q s u e i r r v e e d s Total Excess F r b e e a s d e n e r k r v a s e l Reserve city banks—Con. 1930—January _ 6,079 4,895 10,974 755 767 11.9 188.5 February 5,944 4,915 10,859 742 755 12.7 138.3 March 5,974 4,924 10, 898 745 759 13.5 73.0 April 6, 071 4,951 11,022 756 767 11.8 42.4 May 6,026 4,995 11,021 752 768 15.4 44.1 June _ .- 6, 075 5,019 11, 095 758 776 18.3 44.5 July 6,169 5,058 11, 227 769 790 20.9 36.1 August 6,134 5,075 11, 209 766 785 19.2 26.8 September 6,136 5,137 11, 274 768 784 16.4 28.5 October _ 6,073 5,163 11,236 762 778 15.5 37.6 November . 6,101 5,309 11,409 769 788 18.3 50.7 December 5,991 5,243 11,234 756 772 15.3 102. 7 1931—January._ 6,001 5,182 11,182 756 775 19.9 67.0 February 5,942 5,228 11,170 751 768 17.1 46.0 March ._ 5,991 5, 302 11,293 758 775 17.1 27.1 April 6 146 5,295 11,441 773 792 18.3 18.5 May 6,045 5,339 11,384 765 786 21.5 24.0 June 5,981 5,262 11,243 756 780 24.1 42.4 July _ 5.937 5,234 11,171 751 776 25.5 38.1 August - 5,842 5,190 11, 032 740 760 20.2 59.4 September 5,654 5, 082 10,735 718 737 19.4 98.7 October _. _-. 5,320 4,799 10,119 676 704 28.4 273.8 November 5,180 4,665 9,845 658 675 17.4 343.3 December _ 5, 058 4,547 9,605 642 653 10.5 355.0 Country banks: 1929—January 6, 047 6,808 12, 854 627 657 29.5 260.2 February _ _ _ 5, 973 6,816 12,789 623 647 24.4 261.0 March 5,921 6,832 12, 753 619 642 22.8 258.7 April 5,854 6,823 12, 677 614 635 21.0 281.6 May _ - 5,821 6,815 12, 636 612 630 18.2 311.4 June 5,808 6,783 12,590 610 632 22.2 327.4 Julv 5,928 6,792 12,720 619 640 21.2 314.1 August.- 5,890 6,788 12, 678 616 637 20.8 320.3 September _ 5,948 6,778 12, 726 620 641 21.4 280.9 October 5,960 6,738 12, 698 619 641 21.4 268.7 November 5,855 6,657 12, 512 610 630 20.1 332.4 December 5, 754 6, 582 12,336 600 619 19.2 311.7 1930—January 5,729 6,579 12,309 598 621 22.9 236.9 February __ . 5,677 6,605 12, 282 595 618 23.1 209.6 March 5, 648 6,642 12, 290 594 620 25.6 175.6 April 5,671 6,660 12, 331 596 621 25.2 159.9 May . 5,655 6,663 12, 318 596 619 23.4 171.5 June 5,603 6,673 12, 276 592 618 25.1 177.5 July - . . 5,558 6,669 12, 227 589 615 25.8 177.5 August _ __ 5,466 6, 674 12,140 583 608 25.6 165.6 September 5,467 6,693 12,159 583 608 25.0 144.5 October 5,412 6,689 12,101 580 605 25.7 143. 5 November 5,372 6, 637 12,009 575 597 22.2 158.3 December 5,225 6,535 11,760 562 590 28.2 193.0 1931—January 5,165 6,496 11, 662 556 587 30.7 165.7 February 5,099 6,485 11, 583 551 578 26.7 152.7 March _. . _ 5,103 6,491 11,594 552 580 28.4 135.8 April 5,163 6,498 11,662 556 585 28.2 118.5 May 5,090 6, 483 11,573 551 578 27.7 126.5 June „ _ _ 4,988 6,444 11, 432 542 573 30.5 138.9 July 4,956 6.415 11,371 539 570 30.9 127. 5 August 4,825 6, 367 11,192 529 559 30.6 147.9 September 4,758 6,259 11, 018 521 551 29.8 166.5 October 4,567 5,977 10,544 499 536 37.0 248.5 November 4,432 5, 825 10, 256 485 512 26.9 311.3 December . 4,333 5,643 9,976 473 503 30.9 353.9 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 50,—ALL MEMBER BANKS—HOLDINGS OF ELIGIBLE ASSETS (UNITED STATES GOVERNMENT SECURITIES AND ELIGIBLE PAPER) COMPARED WITH BORROWINGS AT FEDERAL RESERVE BANKS, 1926-1931 [In millions of dollars. Back figures not available] Holdings of United States Government securities ! and eligible paper (including paper under rediscount) Member bank By reserve city banks By" country'' banks By all member banks borrow- Date ings at Federal U. S. Gov- U. S. Gov- U. S. Gov- reserve j i s e e r c n u m ri e ti n e t s E p li a g p i e b r le Total s e e r c n u m ri e ti n e t s E p li a g p ib e l r e Total s e e r c n u m ri e ti n e t s E p li a g p i e b r le Total banks ft o 1926—June 30. 2,210 2,825 5,035 884 2,100 2,984 3,094 4,925 8,019 516 O 1927—June 30. 2, 299 2,775 5,074 847 1,992 2,839 3,146 4,767 7,913 441 1928—June 30. 2,714 2,680 5,394 862 1,967 2,829 3,576 4,746 8,223 1,096 Oct. 3_. 2,823 2,551 5, 374 914 1,817 2,731 3,738 4,368 8,106 1,020 Dec. 31. 2,730 2,349 5,079 932 1,811 2,744 3,662 4,160 7,822 1,041 1929—Mar. 27. 2,832 2,582 5,414 974 1,761 2,735 3,807 4,343 8,150 981 ft J O u c n t e . 4 2 _ 9 _ . 2 2 , , 4 5 6 7 9 7 2 1 , ,6 8 8 6 8 5 5 5 , , 3 2 3 6 4 5 9 9 2 1 9 2 1 1 , , 7 7 3 7 3 3 2 2 . , 6 7 4 0 5 2 3 3, , 5 3 0 8 6 1 4 4 , , 5 4 9 6 8 1 7 7 , , 9 97 6 9 8 1,0 8 2 9 9 9 f o t Dec. 31. 2,403 2,713 5,116 814 1,684 2,498 3,217 4,397 7,614 646 ft 1930—Mar. 27. 2,619 2,542 5,161 818 1,662 2,480 3, 438 4,204 7,642 206 > June 30. 2,640 2,285 4,925 772 1,620 2,392 3,412 3,905 7,317 274 Sept. 24 2,682 2,271 4,953 764 1,541 2,305 3,446 3,812 7,258 173 w Dec. 31. 2,777 2,100 4,877 708 1,438 2,146 3,485 3,538 7,023 248 ft 1931—Mar. 25. 3,584 2,045 5,629 1,373 2,149 4,360 3,418 7,778 165 G f G t June 30. 3,871 1,870 5, 741 1,328 2,164 4,707 3,198 7,905 147 Sept. 29 3,942 1,787 5,729 1,209 2,203 4,936 2,996 7,932 323 Dec. 31. 3,706 1, 505 5,211 1,068 2,056 4,694 2,573 7,267 623 to o 1 Exclusive of approximately $650,000,000 of Government securities pledged against national bank note circulation. >> Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 51.—ALL MEMBER BANKS—CLASSIFICATION OF DEMAND AND TIME DEPOSITS ON CALL DATES, 1928-1931 [In millions of dollars] Demand deposits * Time deposits Banks Other time deposits Individ- State, State, Open acual de- Certifi- county, counties, Evi- counts, Total posits cates of and mu- All other Total and mu- denced Certifi- Christt s o u c b h je e c c t k deposit d n e i p c o ip s a it l s ni i c t i i p es al- Total In S U ta n te it s edI c n o u fo n r t e ri i e g s n in b g y s s p a a v s - s c d a e t p e o s s o it f m in a g s s s a a c v - - s P a o v s in ta g l s book counts, etc. 1928—Oct. 3.. 17,501 15, 727 230 1,243 301 13,410 405 134 9,703 1,882 1,169 117 Dec. 31. 18,904 16,997 235 1,300 372 13,453 418 124 9,810 1,895 1,071 134 g 1929—Mar. 27. 17, 708 15,840 207 1,385 276 13,329 429 113 9,728 1, 832 1,110 116 June 29. 17, 815 15, 743 201 1,512 359 13,325 477 157 80 9,834 1,745 997 115 Oct. 4_. 17, 937 16,167 188 1,224 358 13,318 491 224 111 112 9,604 1,743 1,136 120 Dec. 31. 18, 862 16, 936 202 1,335 389 13, 233 595 249 95 154 9,592 1,741 934 122 w 1930—Mar. 27. 17, 079 15,195 183 1,446 255 13, 519 536 278 103 176 1,140 128 June 30. 18, 062 15,930 198 1,568 365 13, 812 571 336 112 224 9,678 1,862 1,233 134 Sept. 24 16, 838 15,107 197 1,276 258 13,945 572 335 101 234 9,632 1,960 1,303 144 Dec. 31. 17, 502 15, 560 192 1,362 13, 546 509 345 107 238 9,591 1,885 1,027 189 1931—Mar. 25. 16, 339 14, 387 179 1,479 294 13, 663 530 337 135 201 9,446 1,928 1,180 242 June 30. 16, 622 14, 521 180 1,556 365 13, 515 508 269 114 155 9,316 1,906 1,237 279 Sept. 29 15,526 13, 703 172 1,350 302 12, 776 440 198 86 112 8,768 1,787 1, 223 360 Dec. 31. 14, 955 13,151 166 1,303 335 11,316 63 26 8,134 1, 472 771 463 1 Not including due to banks, certified and officers' checks outstanding or letters of credit and travelers' checks sold for cash and outstanding. 2 Not available. Back figures.—Not available. CO Or Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 52.—ALL MEMBER BANKS—PRINCIPAL RESOURCES AND LIABILITIES ON CALL DATES, 1914-1931 CD [In millions of dollars] Loans and investments I Capi- Call date Total Loans1 Tota I l nv G e s U s m e o t c . v m e S u e . n r e r t i n n - - ts s O e ti c t e h u s e ri r - b f a D r n o u m k e s8 p ta v r u p l o a , i n l d f n u d i s e d t s u i s d , - » r- de T p o o t s a it l s d D e e p m os a i n ts d 4 p T o djf i s l m e i - ts e » U S p n o t d a e i s t - t i e e ts s d b D a u n e k t s o 6 d d e e N p m o e a s t n it d s d d e e t p p N m i o l m u e a s t s e i n t d s7 R F r b e e w e a s d s e n i e e t r k r h r v v a s e l e c r o B p a e a u b a d n il y l n i d l e s - s t - s b N b a e u n r m k o s - f ties 1914—Dec. 31 (Thurs.) 8,498 6,419 2,079 760 1,319 1,163 2,093 8,305 5,125 1,233 71 1,876 6,235 7,468 266 133 7,582 1915—Mar. 4 (Thurs.) 8,570 6,563 2,007 747 1,260 1,353 2,098 8,666 5,092 1,264 58 2,252 6.622 7,886 295 7,607 May 1 (Sat.) 8,707 6,705 2,002 750 1,252 1 322 2,097 8,967 5,367 1,320 46 2,234 6,735 8,055 295 7,614 June 23 (Wed.) 8,764 6,720 2,044 749 1,295 1,282 2,124 8,894 5,278 1,352 48 2,216 6,811 8,163 317 7,615 Sept. 2 (Thurs.) 9,048 6,965 2,083 747 1,336 1,443 2,129 9,437 5,491 1,416 44 2, 486 7,145 8,561 324 106 7,630 Nov. 10 (Wed.) 9,693 7,483 2,210 745 1,465 1,637 2,146 10,389 6,152 1,463 40 2,734 7,879 9,342 376 104 7,640 Dec. 31 (Fri.) 9,861 7,622 2,239 742 1,497 1,563 2,126 10,636 6,334 1,506 35 2,761 7,971 9,477 414 99 7,631 1916—May 1 (Mon.) 10,252 7,898 2,354 710 1,644 1,767 2,148 11,404 6,661 1,686 34 3,022 8, 336 10,022 438 64 7,605 June 30 (Fri.) 10,315 7,964 2,351 703 1,648 1,564 2,143 11,133 6, 581 1,775 39 2,738 8,226 10,001 490 69 7,606 Sept. 12 (Tues.) 10, 732 8,263 2,469 703 1,766 1,748 2,184 11, 737 6,892 1,853 34 2,958 10, 657 554 95 7,618 Nov. 17 (Fri.) 11, 259 8,712 2,547 697 1,850 2,057 2,213 12,893 7,522 1,940 34 3,397 9, 567 11, 507 674 80 7,614 Dec. 27 (Wed.) 11, 275 8,714 2,561 690 1,871 1,874 2,231 12, 661 7,340 1,083 35 3,303 9,502 11,485 733 95 7,614 1917—Mar. 5 (Mon.) 11, 701 9,096 2,605 687 1,918 2,056 2,218 13,396 7,503 2,125 34 3,734 10, 044 12, 169 778 75 7,614 May 1 (Tues.) 11,985 8 9,208 2,777 748 2,029 1,897 2,258 13, 651 7,915 2,263 35 3,438 9,869 12,132 802 «95 7,629 June 20 (Wed.) 12,453 8 9, 370 3,083 1,065 2,018 1,695 2,307 13, 397 7,856 2,304 141 3,096 11,993 862 8 327 7, 653 Dec. 31 (Mon.) 16,896 1912,316 4,580 1,759 2,820 2,129 2,807 18,628 11,180 3,156 649 3,643 12,487 15, 643 1,497 «783 7,907 1918—May 10 (Fri.) 18,673 1912, 667 6,006 3,203 2,803 1,870 3,005 19, 210 11,051 3,347 1,459 3,353 12, 451 15, 797 1,536 8 1,043 8,132 June 29 (Sat.) 18, 507 ' 913, 233 5, 274 2,465 2,809 1,906 3,002 18,954 10,754 3,395 1, 521 3,284 12, 217 15, 612 1, 565 8 1,022 8,213 N De o c. v . 3 1 1 ( ( F T ri u . e ) s.) 2 20 0 , ,9 5 8 9 1 3 8 8 1 1 4 4 , , 5 2 5 2 0 4 6 6 , , 4 3 3 6 1 8 3 3 , , 5 4 9 7 1 2 2 2 , , 8 8 4 9 0 6 2 2 , , 0 19 3 4 6 3 3 , , 2 2 2 2 2 0 2 2 0 1 , , 8 45 6 7 4 1 1 2 3 , , 0 3 5 4 9 7 3 3, , 8 6 3 5 4 1 1,7 4 0 72 8 3 3 , , 4 8 4 0 6 4 1 1 4 3 , , 5 3 6 2 3 2 1 1 6 8 , , 3 9 9 7 7 3 1 1 , , 6 5 5 2 5 0 8 8 1 1 , , 8 9 7 1 6 2 8,596 1919—Mar. 4 (Tues.) 21, 484 s 13, 877 7,607 4,652 2,955 2,137 3,280 21,511 12, 727 4,092 884 3,808 14,160 18, 252 1.633 8 1,962 8,725 June 30 (Mon.) 22, 242 8 15,414 6,827 3,803 3,024 2,125 3, 350 22, 833 13,925 4,344 902 3,662 14, 725 19,069 1.724 8 1,927 8,822 Nov. 17 (Mon.) 24,187 8 17,423 6,765 3,494 3,271 2,575 3,587 25,183 15, 652 5,050 386 4,095 16, 261 21, 310 1,825 8 2. 257 8,995 Dec. 31 (Wed.) 24, 778 s 18,149 6,630 3,324 3,306 2,519 3,542 26,139 16, 080 5, 305 648 4,106 16, 576 21,881 1,904 8 2, 347 9,066 1920—May 4 (Tues.) 25, 418 19,198 6,220 2,958 3,262 1,874 3,833 24,871 15,388 5,747 190 3,546 16,426 22,173 1,866 2, 755 9,291 June 30 (Wed.) 25, 559 19, 533 6.026 2,811 3,215 1,824 3,853 25,401 15, 744 5,911 260 3,486 16, 422 22, 333 1,839 2,701 9,399 Nov. 15 (Mon.) 25, 769 19, 852 5)917 2,655 3,262 1,774 4,086 25,106 15,512 6,144 220 3, 230 15,924 22, 068 1,827 3, 080 9,567 Dec. 29 (Wed.) 25, 531 19, 555 5,976 2,619 3, 357 1,577 4,120 24,220 14, 632 6,188 316 3,084 15, 345 21, 533 1,763 3,036 9,606 1921—Apr. 28 (Thurs.) 24,390 18,487 5,903 2,496 3,407 1,325 4,156 22, 830 13, 527 6, 343 273 2,687 14,389 20, 732 1,654 2, 313 9,698 June 30 (Thurs.) 24,121 18,119 6,002 2,561 3,441 1,354 4,133 23,350 13,881 6,367 390 2,713 14,321 20, 688 1,625 2,022 9,745 Dec. 31 (Sat.) 23,482 17,394 6,088 2,581 3,507 1,450 4,093 23, 247 13,630 6,451 306 2,860 14,449 20,900 1.758 1,364 9,779 1922—Mar. 10 (Fri.) 23,278 17,080 6,198 2,701 3,497 1,614 4,185 23, 660 13, 503 6,662 330 3,165 14, 498 21,160 1,723 758 9,816 June 30 (Fri.) 24.182 17,165 7,017 3,205 3,812 1,647 4,214 25, 547 15,065 7,175 156 3,150 15, 539 22,714 1,835 592 9.892 Dec. 29 (Fri.) 25, 579 17,930 7,649 3,754 1,806 4,364 27,288 15, 689 7,645 462 3,492 16,203 23,848 1,939 727 9,859 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1923—Apr. 3 (Tues.). 26,141 18,419 7,722 3,849 3,873 1,774 4,356 27,200 15,145 8,143 404 16,086 24, 229 1,909 815 9,850 June30 (Sat.)- 26, 507 18,750 7,757 3,835 3,922 1,696 4,367 27,088 15,196 8,378 297 3,217 16,066 24,444 1,871 944 9, 856 Sept. 14 (Fri.) 26, 319 18, 719 7,600 3,685 3,915 1,640 4,436 26,942 15,128 8,466 145 3,203 15, 919 24, 385 1,869 983 9,843 Dec. 31 (Mon.) 26,487 18,842 7,645 3,603 4,042 1,824 4,378 28,507 16,107 8, 651 237 3,512 16, 376 25,027 1,900 808 9,774 1924—Mar. 31 (Mon.) 26, 663 19,045 7,618 3,534 4,084 1,644 4,468 28,270 15,609 |8,890 292 3,480 16,112 25,002 1,893 614 9,681 June 30 (Mon.)_ 27,167 19, 204 7,963 3,575 4,387 1,940 4,486 29, 566 16,329 I9,204 179 3, 854 16, 838 26. 042 1,965 443 9, 650 Oct. 10 (Fri.)—- 28, 311 19, 713 8,599 3,866 4,733 2,430 4,594 30,795 16,406 9,597 302 4,490 17,804 27, 401 2,121 325 9,635 Dec. 31 (Wed.) 28, 746 19, 933 8,813 3,874 4,939 2,339 4,532 32,384 17,788 9,805 242 4,548 18,468 28,273 2,228 408 9,587 1925—Apr. 6 (Mon.) 29,046 20,176 8,869 3,894 4,975 2,091 4, 669 31, 249 16, 629 10,127 412 4,081 17,708 27, 835 2,092 486 9, 531 June 30 (Tues.) 29, 518 20,655 8,863 3,780 5,082 2,017 4,690 32, 457 17,882 10,381 177 4,018 18, 277 28, 658 2,191 559 9,538 Sept. 28 (Mon.) 30,176 21,285 8,890 3,761 5,129 2,031 4,688 32.075 17,452 10,467 278 18, 259 28, 726 2,147 712 9, 539 Dec. 31 (Thurs.) 30,884 21,996 8,888 3,728 5,160 2,155 4,678 34,250 19,072 10,653 304 4,221 19, 260 29,913 2,238 733 9,489 1926—Apr. 12 (Mon.)— 30,819 21,785 9,034 3,805 5,229 1,934 4,826 32, 893 17,710 10,955 379 3,849 18,392 29,347 2,136 620 9,412 June30(Wed.).__. 31,184 22,060 9,123 3,745 5,378 1,980 4,832 33, 762 18,381 11,173 228 3,980 18,804 29.977 2, 236 612 9,375 Dec. 31 (Fri.) 31, 642 22,652 8,990 3,389 5,601 2,066 4,944 34,528 18,800 11,440 234 4,054 18,922 30. 362 2,210 760 9,260 1927—Mar. 23 (Wed.)___. 31, 949 22,327 9,622 3,835 5,787 1,896 5,086 33, 756 17, 644 11,818 407 3,887 18, 542 30, 360 2,321 546 9,144 June 30 (Thurs.)... 32, 756 22,938 9,818 3,796 6,022 1,968 5,147 35, 398 18,842 12, 210 218 4,129 19, 250 31,460 2,280 541 9,099 Oct. 10 (Mon.).._. 33,186 23,227 9,959 3,856 6,103 2,077 5,295 35, 482 18,378 12, 459 435 4,209 19,170 31,629 2,320 528 9,087 Dec. 31 (Sat.) 34, 247 23,886 10,361 3,978 6,383 2,210 5,341 36, 669 19,032 12, 765 267 4,606 20,105 32,870 2,514 663 9,034 1928—Feb. 28 (Tues.).... 33,688 23,099 10,590 4,216 6,374 1,941 5,404 35,375 18,182 12,923 86 4,184 19,236 32,158 2,367 581 8,983 June 30 (Sat.). 35, 061 24,303 10,758 4,225 6,534 1,897 5,625 36,060 18, 437 13, 439 257 3,927 19, 191 32, 629 2,342 1209 8,929 g Oct. 3 (Wed.) 34,929 24,325 10, 604 4,386 6,218 2,026 5,842 36,175 18,570 13,410 159 4,037 18, 995 32. 405 2,348 1154 8,896 Dec. 31 (Mon.)—. 35,684 25,155 10,529 4,312 6,217 2,124 5,899 39,075 21, 111 13,453 262 4,249 19,944 33,397 2,409 1162 8,837 s 1929—Mar. 27 (Wed.).... 35,393 24,945 10,448 4,454 5,994 1,741 6,174 36, 799 19,476 13,329 411 3,584 18,833 32,162 2,339 1153 8,755 June 29 (Sat.) 35, 711 25, 658 10,052 4,155 5,898 1,885 6,345 35,893 18, 611 13, 325 348 3,608 18, 977 32, 302 2,359 1198 8,707 Oct. 4 (Fri.) 35,914 26,165 9,749 | 4,022 5,727 2,005 6,675 36,694 19,371 13,318 315 3,690 18,952 32, 269 2,322 1150 8,616 Dec. 31 (Tues.)._-. 35,934 26,150 9,784 3,863 5,921 2,168 6,709 38,014 20,489 13,233 143 4,148 19, 797 33,030 2,374 879 8,522 w 1930—Mar. 27 (Thurs.).. 35, 056 25,119 9,937 4,085 5,852 1,902 6,760 35,836 18,238 13,519 325 3,754 18,489 32.007 2,353 347 8,406 > June 30 (Mon.).—. 35, 656 25, 214 10,442 4,061 6,380 2,360 6,726 38,139 19, 597 13,812 281 4,450 19,170 32. 982 2.408 435 8, 315 Sept. 24 (Wed.).... 35,472 24,738 10,734 4,095 6,639 2,463 6, 827 36, 364 17, 637 13. 945 257 4,525 ]8,657 32. 602 2,415 316 8,246 Dec. 31 (Wed.)..-. 34,860 23,870 10,989 4,125 6,864 2,456 6,593 37,117 18, 746 13, 546 267 4,557 18,969 32, 516 2,475 355 8,052 1931—Mar. 25 (Wed.)—. 34, 729 •22,840 11, 889 5, 002 6,886 2,791 6,598 36, 000 16, 988 13, 663 502 4,846 18, 481 32,144 2, 364 281 7,928 June 30 (Tues.).... 33, 923! 21,816 12,106 5,343 6,763 2,517 6,430 36, 268 17,655 13, 515 395 4,702 18, 357 31, 872 2,396 217 7,782 Sept. 24 (Thurs.).. 33,073 20,874 12,199 5.564 6,635 1,935 6, 359 33, 480 16,167 12, 776 526 4, 011 17, 445 30, 222 2,339 466 7,599 Dec. 31 (Thurs.)-- 30, 575 19, 261 11,314 5,319 5,996 1,662 5,999 30, 746 15, 704 11,316 412 3,314 16, 067 27, 383 1, 975 839 7,246 i Includes rediscounts and overdrafts; excludes acceptances of other banks and bills of exchange sold with indorsement. 1 Does not include items with Federal reserve banks in process of collection, or amounts due from foreign banks or own foreign branches. *Includes reserves for dividends, contingencies, etc., but excludes, beginning Sept. 28,1925, reserves for interest, taxes, and other expenses accrued and unpaid. * Includes certified and cashiers' or treasurers' checks, and, begining Nov. 1, 1918, letters of credit and travelers' checks sold for cash. 8 Includes postal-savings deposits, except that such deposits of State bank members prior to June 20, 1917, are included with demand deposits. 6 Includes amounts due to Federal reserve banks, foreign banks, and other banks and bankers; also amounts due to own foreign branches beginning Mar. 23,1927 7 Deposits subject to reserve requirements. 8 Includes small amounts of bills sold with indorsement. • Excludes customers' liability on letters of credit for State bank members. CO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 53.—CLASSIFICATION OP MEMBER BANK LOANS AND INVESTMENTS ON CALL DATES, 1928-1931 00 [In millions of dollars] Loans to banks Loans to customers(exclusive of banks) Open-market loans Investments Total sto S ck ec s u a r n e d d b b o y nds Secur e e s d ta b te y real Purchased paper Total loans Secured Other- Loans U.S. loans Call date i m n a v e n e n d s t t s - Total s b t a o o b n n c y d d k s s o A th l e l r Total br N o s o T i u e k d o w t e e - rs t o o c t m T u h o s e e - r r s F la a n rm d e O r s e t t h a a e l te r w c c u a i u u n s n r r s e e e d e s d d - e- Total A U a a b p c n n l a c e i c y e t e e - p i s n d t- A a p e a c n t a b c c c y e l e . e , - p s, t- p C m c a o i e p a m r e l - r - Y e b N r r o t s o e o r w k i k n - i Total s m G e e ti c r o e e n u n v s - r - t i- s O e t c i t e h u s e r r i- s b t a o o o n n c n d d k s s York States abroad Cityi Total: 1928—Oct. 3 34,929 548 (2) (2) 21,240 850 5,796 421 2,668 11,507 2,537 80 101 457 1,899 10,604 4, 386 6,218 3 8,819 Dec. 31-,.. 35,684 538 (2) (2) 21,460 975 6,373 412 2,711 10,991 3,158 109 103 390 2,556 10,529 4,311 6,217 310,172 1929—Mar. 27.... 35,393 548 (2) (2) 21,903 1,014 6,526 403 2,720 11,240 2,493 146 93 376 1,879 10,448 4,454 5,994 3 9, 693 June 29_. _ 35, 711 670 (2) (2) 22,517 921 6,813 404 2,760 11,618 2,471 108 90 249 2,025 10, 052 4,155 5,898 310,094 Oct. 4 35,914 640 8 (2) 23,249 939 7,170 392 2,760 11,988 2,275 93 70 228 1,885 9, 749 4, 022 5,727 3 10,314 Dec. 31.... 35,934 714 (2) 23,194 803 7,685 388 2,803 11,515 2,243 212 80 291 1,660 9,784 3,863 5.921 310,505 1930—Mar. 27-... 35,056 527 260 267 21,495 706 7,024 394 2,775 10,595 3,097 175 79 499 2,344 9,937 4,085 5,852 10,334 June 30 35,656 535 230 305 21,566 819 7,242 386 2,769 10,349 3,113 170 71 507 2,365 10,442 4,061 6,380 10,656 Sept. 24.... 35,472 466 175 291 21,010 774 7,090 387 2,776 9,982 3,262 205 62 523 2,472 10, 734 4,095 6,639 10, 511 Dec. 31-... 34,860 631 315 316 21,007 675 7,266 387 2,847 9,831 2,233 315 55 366 1,498 10,989 4,125 6,864 9,754 1931—Mar. 25.... 34, 729 446 219 228 19, 940 575 6,848 386 2,834 9,298 2,454 361 101 361 1,630 11,889 5,002 6,886 9,272 June 30 33,923 457 229 228 19,257 515 6,602 388 2,830 8,922 2,103 389 113 384 1,217 12,106 5,343 6,763 8,563 Sept. 29.... 33,073 599 311 288 18,713 521 6,321 376 2,773 8,722 1,563 268 70 296 928 12,199 5,564 6,635 8,081 Dec. 31.,.. 30,575 790 455 334 17,570 391 5,899 359 2,678 8,242 901 146 41 140 575 11,314 5,319 5,996 7,320 *i^\T6/\TwTT 1 9 ^i 2 y r* 8 o"V — r*K>l? D O * v e f c ^^ c t l . 4i t"y1 3 3 T. 1 *"4 . 7 7 , , 1 9 9 5 7 1 2 2 8 8 7 8 (2) s ( ( 2 2 ) ) 3 3 , , 9 9 2 4 0 0 4 5 5 0 1 1 , , 4 6 9 5 1 8 1 13 3 2 0 2 2 , , 2 1 5 0 3 0 1 1 , , 0 7 1 9 8 1 6 5 1 0 6 5 1 5 6 2 3 9 1,6 8 3 80 9 1 1 , , 9 9 4 3 2 3 1 1, , 0 1 9 3 4 0 8 8 1 3 3 9 3 3 2 3 ,5 ,4 6 9 0 1 1929—Mar. 27 7,726 251 (2) (2) 4,253 52 1,692 148 2,361 1,250 59 52 37 1,102 1,972 1,135 838 3 2, 971 June 29 8,160 314 (2) 4,532 63 1,814 2 173 2,480 1,495 58 58 21 1,359 1,819 1,006 813 3 3, 393 Oct. 4__. 8,150 302 4,846 46 1,898 1 175 2,726 1,196 59 33 8 1,096 1,807 989 817 3 3,191 Dec. 31. 8,774 322 (2) 4,964 55 2,145 169 2,595 1,396 128 46 21 1,202 2,091 1,112 979 3 3, 562 1930—Mar. 27 8,238 199 92 107 4,338 60 1,876 150 2,252 1,655 89 40 49 L, 477 2, 046 1,150 897 3,504 June 30_ _ 8,798 196 78 118 4,309 68 1,954 157 2,129 2,091 144 29 35 1,883 2,203 1,147 1,056 3,983 Sept. 24 8,557 169 53 116 4,278 86 1,945 157 2,090 1,912 148 28 22 1,714 2,198 1,091 1,107 3 798 Dec 31 8,582 283 132 151 4,338 104 2,033 147 2,054 1,525 188 22 34 1,281 2,435 1,239 1,197 3,550 1931—Mar. 25_... 8,473 154 70 84 4,007 121 1,839 1 149 1,896 1,651 199 51 35 1,367 2,662 1,466 1,196 3,397 June 30 8,287 150 66 84 3,839 127 1,770 160 1,782 1,497 296 44 94 1,063 2,801 1,656 1,145 3,026 Sept. 29""" 8,253 250 125 125 3,850 116 1,699 152 1,881 1,121 201 33 48 839 3,032 1,830 1,202 2,780 Dec. 31-... 7,460 374 204 170 3,694 87 1,641 153 1,813 695 107 17 29 542 2,697 1,768 928 2,474 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Chicago: * 1 1 9 9 2 2 8 9 — — J D O M u e c n c a t e . r . . 3 3 2 2 1 9 7—. 1 1 1 1 , , , , 7 9 7 9 9 1 6 1 3 0 7 0 3 4 6 6 5 0 2 7 § ( ( ( 2 2 2 ) ) ) ( ( ( ( * 2 2 2 ) ) ) ) 1 L 1 1 , , , 3 3 3 3 2 8 5 0 6 8 3 9 2 3 3 2 1 0 5 4 1 9 2 2 4 4 5 5 7 8 9 4 7 4 8 3 2 2 3 3 4 2 3 1 1 2 9 9 4 5 4 5 4 4 5 8 4 0 9 7 1 4 9 5 4 1 1 7 3 8 1 1 1 2 1 1 6 1 4 0 1 4 7 1 1 8 5 8 9 4 3 3 3 0 9 3 3 5 1 4 7 1 1 1 1 6 9 7 5 4 1 4 9 2 2 1 1 1 1 7 7 7 4 6 2 3 1 3 3 3 , 0 8 9 8 0 3 3 0 2 7 2 7 Oct. 4 1,823 68 (2) 1,374 257 504 2 19 592 67 1 4 59 312 153 160 3 854 Dec. 31 1,757 88 (2) 1,330 240 533 2 19 535 30 9 5 11 309 116 193 3 828 1930—Mar. 27.— 1,717 58 50 8 L,160 194 474 2 18 472 188 3 33 140 310 146 164 859 June 30 1,849 50 43 7 1,257 229 487 2 18 521 176 2 56 99 366 160 205 859 Sept. 24..._ 1,934 41 35 6 1,187 239 448 2 16 482 296 7 42 233 409 157 252 955 Dec. 31 1,861 55 42 13 1,194 201 472 2 18 501 95 18 18 45 518 240 277 761 1931—Mar. 25.... 1,853 41 35 6 1,0M) 159 452 2 16 422 171 14 21 111 592 329 263 756 June 30 1,754 70 58 12 L.004 133 435 2 17 417 117 3 21 51 563 346 217 677 Sept. 29.... 1,644 65 58 7 987 157 421 2 24 384 77 2 24 27 514 206 664 Dec. 31 1,517 87 74 13 926 124 407 1 22 372 24 2 9 3 480 191 Other reserve cities: 1928—Oct. 3 12,211 179 (2) (2) 7,770 435 2,152 124 1,368 3,691 732 5 178 522 3,530 1,703 1,827 3 3,198 1929— D M ec a . r . 3 2 1 7 . _ . . . . . . 1 1 2 2 , , 1 1 5 3 6 2 1 1 7 9 3 6 ( ( 2 2 ) ) ( ( 2 2 ) ) 7 7, , 9 8 3 7 2 9 5 5 0 3 9 8 2 2, , 4 3 1 1 5 8 1 1 1 1 8 2 1 1 , , 3 3 7 8 6 7 3 3 , , 5 4 4 9 6 2 6 6 5 0 1 4 3 1 5 6 1 1 3 3 6 6 4 4 6 0 5 5 3 3 , , 4 4 5 0 4 0 1 1 , , 7 6 3 6 2 2 1 1, , 6 7 6 9 8 1 3 3 3 3 , , 4 3 5 7 6 9 J O u c n t e . 4 29 1 12 2 , , 1 0 6 6 1 5 2 2 2 4 5 1 ( ( 2 2 ) ) ( ( 2 2 ) ) 8 8, , 4 1 0 2 1 5 5 51 1 1 0 2 2 , ,5 4 9 8 8 0 1 1 1 1 3 0 1 1 , , 3 3 6 6 6 0 3 3 , , 6 8 5 2 4 3 4 45 2 9 3 1 6 6 8 7 3 1 3 35 0 4 2 3 3 , , 2 0 7 7 6 5 1 1, , 5 6 1 0 9 7 1 1 , , 5 6 5 7 7 0 3 3 3 3, , 4 5 1 7 4 5 1930— D M ec a . r . 3 2 1 7 — .. _ .. 1 1 2 1 , , 0 8 2 5 9 8 2 20 5 5 8 (2 1 ) 04 ( 1 2 0 ) 1 8 7 , , 4 7 1 9 8 0 4 3 2 6 6 0 2 2 , , 7 5 7 7 5 6 1 11 1 3 0 1 1 , , 4 4 2 1 8 1 3 3 , , 6 3 7 3 9 0 4 7 0 5 8 8 4 5 3 5 2 1 0 0 9 2 2 4 3 6 9 9 2 3 , , 9 1 4 0 4 5 1 1, , 5 3 1 6 6 8 1 1 , ,5 5 7 9 6 0 3 3 3 , , 5 5 0 6 9 9 June 30 11,852 228 99 128 7,771 431 2,663 110 1,394 3,172 534 17 245 253 3,319 1,525 1,794 3,447 Sept. 24.... 12,038 193 77 117 7,539 360 2,586 111 1,398 3,085 768 47 295 409 3,537 1,628 1,909 3,431 Dec. 31 11,897 231 125 106 7,712 312 2,671 120 1,491 3,119 436 104 194 123 3,517 1,486 2, 031 3,230 1931—Mar. 25_._. 12,113 194 101 93 7,359 231 2,524 122 1,480 3,002 475 144 191 116 4,085 1,984 2,101 2,973 June 30 11,814 177 89 88 7,096 208 2,413 126 1,476 2,873 354 87 168 73 4,186 2,062 2.125 2,782 Sept. 29__._ 11,372 219 111 108 6,858 205 2,308 120 1,440 2,784 249 65 143 29 4,047 1,993 2,054 2,653 Dec. 31 10, 598 260 154 106 6,481 152 2,123 120 1,395 2,691 111 33 53 14 3,746 1,844 1,902 2,443 Cou 1 1 n 9 9 t 2 2 ry 8 9 — — b D a O M e n c c a k t . r . s . 3 : 3 2 1 7 -... 1 1 13 3 3 , , , 7 6 6 4 1 6 1 2 7 4 3 3 6 7 9 i ( ( ( 2 2 2 ) ) ) ( ( ( 2 2 2 ) ) ) 8 8 8 , , , 3 2 2 5 6 2 3 4 4 1 1 1 1 1 0 4 7 7 1 1 1 , , , 9 7 6 9 4 1 9 2 0 2 2 28 9 9 9 4 0 1 1 1 , , , 1 1 1 7 2 5 6 9 3 4 4 5 , , , 9 8 0 0 4 7 4 3 5 6 6 5 1 2 9 4 5 8 4 2 3 4 4 0 2 1 1 1 9 9 1 5 2 3 3 3 5 7 7 4 6 8 4 4 4 , , , 7 7 7 5 4 2 1 0 7 1 1 1 , , , 4 3 3 2 8 6 4 2 2 3 3 3 , , , 3 3 3 1 7 6 6 0 5 3 3 3 2 2 2 , , , 4 3 1 2 0 2 9 0 9 June 29 13,719 49 (2) 8,551 105 2,034 287 1,199 4,926 496 33 140 316 4,623 1,384 3,240 3 2,480 Oct. 4 13, 780 45 (2) 8,628 125 2,170 279 1,206 4,847 553 27 144 376 4,554 1,361 3,193 3 2,694 Dec. 31.... 13, 375 45 (2) 8,482 83 2,231 276 1,186 4,705 408 33 163 208 4,439 1,267 3,172 3 2,545 1930—Mar. 27___. 13,243 65 14 51 8,206 93 2,097 279 1,196 4,541 497 27 207 258 4,475 1,273 3,202 2,462 June 30 13,157 62 11 52 8,228 90 2,137 274 1,201 | 4,527 312 8 171 129 4,554 1,229 3,326 2,367 Sept. 24____ 12,944 62 11 51 8,007 88 2,112 275 1,205 I 4,326 286 4 164 115 4,589 1,219 3,370 2,326 Dec. 31 12,519 62 15 46 7,762 59 2,090 264 1,191 4,158 177 5 120 49 4,519 1,159 3,359 2,213 1931—Mar. 25.... 12, 290 58 14 44 7,524 64 2,033 261 1,188 3,978 158 5 114 36 4,550 1,224 3,326 2,147 June 30 12,068 60 16 44 7,318 47 1,984 260 1,177 3,849 135 2 101 30 4,555 1,279 3,276 2,078 Sept. 29.... 11,805 64 17 47 7,018 43 1,892 254 1,157 3,673 116 1 81 32 4,606 1,433 3,172 1,985 Dec. 31.... 10,999 69 24 45 (3,469 28 1,728 237 1,109 3,367 71 4 48 16 4,392 1,418 2,974 1,796 1 Includes loans to dealers in securities. »Figures not available. • Security loans to banks estimated as one-half of total loans to banks. « Central reserve city banks only. CO Back figures.—Not available. SO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
100 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 54.—ALL MEMBER BANKS—RESERVE BALANCES, BY MONTHS, 1920-1931 [Monthly averages of daily figures. In millions of dollars] Month 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 January 1,883 1,773 1,707 1,918 1,911 2,194 2,236 2,243 2,426 2,387 2,349 2, 433 February-. I 1,858 1,728 1,689 1,901 1,892 2,159 2,208 2,212 2,368 2,357 2,305 2, 370 March.. | 1,878 1,694 1,711 1,873 1,915 2,137 2,198 2,240 2,365 2,337 2,330 2,386 A"p ri"l. 1,870 1,665 1,733 1,869 1,905 2,123 2,183 2,248 2,396 2,308 2,350 2,376 May 1,853 1,657 1,783 1,874 1,922 2,132 2,199 2,262 2.388 2,296 2,356 2,387 June.... 1,853 1,664 1,820 1,867 2,001 2,141 2,206 2,301 2,355 2,314 2,392 2,404 July..... 1,840 1,639 1,812 1.867 2,046 2,160 2,212 2,289 2,324 2,334 2,417 2,407 August. 1,807 1,621 1,799 1,835 2,072 2,151 2,201 2,283 2,274 2,322 2,392 2,345 September 11,881177 1,629 1,811 1,848 2,120 2,161 2,211 2,300 2,314 2,335 2,397 2,333 October.. ! 1,8151,652 1,836 1,864 2,141 2,203 2,219 2,326 2,332 2,386 2,407 2,256 November j 1,7821,663 1,825 1,875 2,164 2,221 2,214 2,373 2,352 2,521 2,433 2,118 December I 1,7581,673 1,840 1,882 2,182 2,219 2,218 2,399 2,367 2,395 2,415 2,069 Back figures—See Annual Report for 1929 (Table 47). No. 55.—ALL MEMBER BANKS—BORROWINGS AT FEDERAL RESERVE BANKS, BY MONTHS, 1914-1931 [Monthly averages of daily figures. In millions of dollars] Month 1914 1915 1916 1917 1918 1919 1920 1921 1922 January 12 29 21 612 1,731 2,136 2,523 962 February . _ _ 17 22 18 529 1,765 2, 297 2,400 769 March 20 22 19 537 1,863 2,377 2,297 638 April . 22 22 25 751 1,920 2,431 2,129 572 May 23 20 43 897 1,976 2,536 1,959 479 June - - - 25 21 155 939 1,840 2,456 1,811 437 July 27 25 151 1,162 1,864 2, 513 1,719 425 August 28 28 134 1,333 1,798 2,596 1,548 396 September 30 27 181 1,604 1,776 2,667 1,442 417 October 28 22 320 1,683 2,068 2,780 1,371 486 November 6 29 20 563 1,760 2,140 2,762 1,228 623 December 10 32 33 683 1,765 2,115 2,718 1,180 660 Month 1923 1924 1925 1926 1927 1928 1929 1930 1931 January 547 574 267 520 481 465 859 501 253 February . 608 514 340 526 393 471 889 378 216 March . 628 476 390 557 425 513 969 274 176 April 658 489 403 537 447 661 1,004 231 155 May _ 705 433 397 511 473 836 956 247 163 June 741 370 437 473 429 1,019 978 251 189 July 834 315 480 549 454 1,090 1,096 226 168 August 809 268 545 555 409 1,061 1,043 214 222 September 845 262 594 640 422 1,064 969 189 280 October 873 240 619 663 424 975 885 196 613 November 799 228 597 615 415 897 953 221 695 December 771 301 688 668 529 1,013 803 338 774 NOTB.—Figures include a small amount of borrowing by intermediate credit banks, etc. (See Table 14.) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL MEMBfiE BANKS No. 56.—MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931 [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrowings at Reserves Week ending (Friday) de N m e a t nd 1 Time2 Total required Total Excess F r b e e a s d e n e r k r v s a e l New York City: 3 1929—Jan. 4... 5,672 1,293 6,965 776 793 16.6 • 325.7 Jan. 11_. 5,549 1,268 6,818 759 768 8.9 230.3 Jan. 18.. 5,470 1,249 6,719 749 764 15.6 139.5 Jan. 25.. 5,356 1,239 6,595 733 743 9.7 81.2 Feb. 1... 5,464 1,298 6,762 749 756 7.1 109.0 Feb. 8... 5,507 1,299 6,805 755 763 8.6 132.6 Feb. 15.. 5,496 1,296 6,793 753 764 10.6 169.1 Feb. 22.. 5,399 1,284 6,683 740 752 11.9 130.4 Mar. 1... 5,474 1,277 6,751 750 758 7.6 134.2 Mar. 8... 5,516 1,271 6,787 755 761 6.1 186.4 Mar. 15.. 5,472 1,276 6,749 750 756 6.8 136.0 Mar. 22_. 5,463 1,271 6,734 748 754 5.6 103.8 Mar. 29.. 5,419 1,293 6,712 743 750 7.0 187.3 Apr. 5... 5,553 1,292 6,845 761 769 8.5 165.1 Apr. 12.. 5,425 1,273 6,699 743 748 4.8 173. 3 Apr. 19.. 5,414 1,258 6,671 741 747 5.1 196.7 Apr. 26.. 5,373 1,260 6,633 736 742 6.1 203.3 May3._. 5,441 1,264 6,705 745 752 6.2 181.9 May 10.. 5,395 1,268 6,663 739 747 7.8 189.1 May 17.. 5,425 1,271 6,696 743 749 6.0 174.6 May 24.. 5,348 1,268 6,616 733 738 4.4 134.5 May 31.. 5, 384 1,257 6,641 738 742 4.4 127.7 June 7... 5,512 1,249 6,761 754 761 6.7 136.8 June 14.. 5,473 1,230 6,703 748 752 3.7 153.3 June 21 _. 5,491 1,237 6,728 751 765 13.7 148.2 June 28.. 5,533 1,259 6,791 757 763 5.6 214.9 July 5... 5,617 1,177 6,794 766 797 31.3 351.5 July 12.. 5,524 1,171 6,695 753 758 4.3 364.9 July 19.. 5,511 1,186 6,697 752 761 9.3 335.8 July 26.. 5,458 1,210 6,668 746 749 3.1 297.1 Aug. 2... 5,562 1,235 6,797 760 768 7.8 279.6 Aug. 9... 5,491 1,246 6,737 751 756 4.9 315.9 Aug. 16.. 5,463 1,246 6,710 748 752 4.7 236.3 Aug. 23.. 5,409 1,258 6,667 741 746 4.9 180.6 Aug. 30.. 5,424 1,285 6,709 744 749 5.5 180.9 Sept. 6... 5,532 1,313 6,845 759 763 4.1 203.3 Sept. 13.. 5,488 1,314 6,802 753 757 4.6 208.2 Sept. 20.. 5,543 1,325 6,869 760 772 11.2 147.3 Sept. 27.. 5,461 1,346 6,807 750 759 8.7 134.8 Oct. 4... 5,574 1,362 6,936 766 779 13.1 85.8 Oct. 11.. 5,460 1,365 6,824 751 760 9.8 87.8 Oct. 18.. 5,565 1,367 6,931 764 775 10.4 91.8 Oct. 25.. 5,657 1,369 7,026 777 779 2.6 78.2 Nov. 1... 6,628 1,358 7,986 902 932 30.1 144.1 Nov. 8... 6,970 1,360 8,330 947 971 23.8 129.0 Nov. 15.. 6,707 1,346 8,054 912 978 65.9 60.8 Nov. 22.. 6,557 1,342 7,899 893 947 54.6 48.6 Nov. 29.. 6,434 1,390 7,823 878 874 -3.9 58.1 Dec. 6.. 6,227 1,358 7,585 850 857 6.6 90.7 Dec. 13. 5,733 1,249 6,981 783 837 54.1 98.2 Dec. 20. 6,079 1,307 7,386 829 837 7.7 93.7 Dec. 27. 5,979 1,299 7,278 816 821 5.1 136.1 1 Subject to reserve requirements of 13 per cent for central reserve city banks and 10 per cent for reserve city banks. 2 Subject to reserve requirements of 3 per cent. 3 Central reserve city banks only. Back fisures.—No t available. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
102 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 5<5.—MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE CITIES—DEPOSITS SUBJECT TO PRESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931— Continued [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrowings at Week ending (Friday) Reserves Federal Net required demand Time Total Total xcess banks New York City 3—Continued. 1930—Jan. 3 6,155 1,343 7,498 840 859 18.3 137.3 Jan. 10 5,856 1,381 7,237 803 809 6.5 90.4 Jan.17 5,737 1,372 7,109 787 798 11.3 51.8 Jan. 24 5,600 1,391 6,991 770 775 5.4 40.6 Jan. 31 _ 5,547 1,379 6,926 762 768 5.4 28.3 Feb. 7... 5, 627 1,354 6,980 772 777 4.9 27.6 Feb. 14. 5,531 1,327 6,858 759 764 4.8 44.0 Feb. 21. 5,308 1,323 6,632 730 767 37.4 27.0 Feb. 28. 5,498 1,336 6,834 755 771 15.9 13.1 Mar. 7... 5,520 1,348 758 766 7.7 19.6 Mar. 14.. 5,520 1,392 6,912 759 768 8.2 8.1 Mar. 21.. 5,634 1,412 7,045 775 805 30.3 22.2 Mar. 28.. 5, 610 1,448 7,057 773 782 9.7 30.5 Apr. 4__. 5,705 1,471 ! 7,176 786 794 8.6 25.9 Apr. 11.. 5,604 1,480 | 7,084 773 776 3.6 40.4 Apr. 18.. 5,683 1,458 ! 7,141 783 787 4.0 25.7 Apr. 25.- 5,737 1,444 | 7,181 789 794 4.6 21.8 May 2... 5,813 1,456 7,269 799 805 5.6 25.4 May 9... 5,741 1,471 7,212 790 796 5.1 55.2 May 16- 5,720 1,485 7,205 788 793 4.7 16.6 May 23.. 5,697 1,483 7,180 785 791 5.8 10.3 May 30.. 5,766 1,493 7,259 794 800 5.9 24.0 June 6... 5,916 1,478 7,395 813 821 7.4 41.9 June 13_. 5,874 1,521 7,395 809 818 8.5 15.0 June 20.. 5,926 1,557 7,482 817 823 5.7 28.1 June 27. 5,872 1,569 7,441 810 819 8.3 19.9 July 4... 5,957 1,553 7,510 821 842 20.6 36.5 July 11.. 5,746 1,540 7,286 793 810 16.9 20.9 July 18.. 5,786 1,556 7,342 799 847 47.8 2.9 July 25.. 5,873 1,548 7,421 810 835 25.5 2.7 Aug. 1... 5,975 1,540 7,514 823 4.6 10.1 Aug. 8... 5,933 1,517 7,450 817 819 2.1 55.5 Aug. 15.. 5,855 1,540 7,395 807 816 8.5 12.7 Aug. 22.. 5,850 1,536 7,387 807 812 5.6 7.7 Aug. 29.. 5,915 1,540 7,455 815 829 13.7 5.5 Sept. 5... 5,904 1,537 7, 441 814 820 5.9 22.8 Sept. 12_. 5,824 1,551 7,374 804 820 16.2 7.5 Sept. 19. 5,849 1,515 7,363 806 823 16.9 8.7 Sept. 26. 5,855 1,519 7,374 807 21.5 7.1 Oct. 3-. 6, 014 1,554 7,567 828 832 4.1 22.5 Oct. 10. 5, 911 1,576 7,487 816 828 12.4 22.8 Oct. 17. 5,939 1,582 7,521 820 827 7.0 22.2 Oct. 24. 5,999 1,605 7,604 828 850 21.6 6.4 Oct. 31. 6,172 1,614 7,786 851 28.8 5.3 Nov. 7— 6,176 1,607 7,783 851 854 3.3 26.4 Nov. 14.. 6,129 1,590 7,719 844 876 31.5 7.7 Nov. 21.. 6,293 1,552 7,845 865 880 14.8 2.6 Nov. 28.. 6,261 1,547 7,808 862 2.1 3.7 Dec. 5-. 6,251 1,506 7,757 858 860 1.9 26.2 Dec. 12. 6,160 1,374 7,534 842 862 19.7 32.3 Dec. 19. 6,180 1,325 7,504 843 885 41.9 45.0 Dec. 26. 6,112 1,316 7,428 1 834 845 10.8 52.6 8 Central reserve city banks only. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL MEMBER BANKS 103 No. 56.—MEMBER BANKS IN NEW YORK GITY, CHICAGO, AND OTHER RESERVE CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931— Continued [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrow- Reserves ings at Week ending (Friday) required Federal de N m e a t nd Time Total Total Excess r b es a e n r k v s e New York City 3—Continued. 1931—Jan. 2 _.. 6,230 1,295 7,525 893 44.0 51.2 Jan. 9 6,212 1,282 7,494 846 878 31.7 32.9 Jan. 16 6,176 2,164 7,440 841 905 64.5 19.3 Jan. 23 6,090 1,284 7, 374 830 881 50.5 11.5 Jan. 30 - 6,110 1,293 7,403 833 895 62.0 10.5 Feb. 6... 6,171 1,297 7,468 841 861 19.4 14.1 Feb. 13.. 6,109 1,323 7,432 834 837 3.4 18.8 Feb. 20.. 6,094 1,337 7,431 832 847 14.8 25.3 Feb. 27.. 6,099 1,367 7,465 834 849 15.0 Mar. 6— 6,148 1,332 7,479 839 843 4.1 14.4 Mar. 13- 6,136 1,297 7,434 837 872 35.5 9.6 Mar. 20.. 6,226 1,290 7, 516 848 883 34.8 9.1 Mar. 27.. 6,195 1,297 7,493 844 854 8.5 Apr. 3... 6,124 1, 315 7,438 836 838 2.7 30.8 Apr, 10.. 6,015 1, 308 7,323 821 824 3.0 28.0 Apr. 17.. 6,043 1,308 7,350 825 829 3.8 17.4 Apr. 24.. 5,965 1,315 7,280 815 821 6.2 10.1 May 1... 6,023 1,341 7,365 823 837 13.6 7.8 May 8... 6,009 1,348 7,357 822 835 13.4 21.9 May 15.. 6,095 1,358 7,453 833 842 9.1 13.6 May 22.. 6,186 1,338 7,523 844 852 8.1 13.2 May 29. . 1,339 7,427 832 870 38.6 2.0 June 5... 6,051 1,324 7,375 826 11.6 5.6 June 12.. 6,006 1,312 7,319 820 859 39.1 2.8 Junel9._ 5,882 1,292 7,173 803 888 84.1 5.8 June 26.. 5,827 1,282 7,109 796 924 127.6 2.2 July 3... 6,026 1,279 7,305 822 879 57.7 2.5 July 10.. 6,046 1,278 7,324 824 870 45.6 2.1 July 17.. 6,085 1,269 7,354 829 908 79.4 1.8 July 24.. 6,055 1,248 7,303 825 894 68.9 1.7 July 31.. 6,049 1,239 7,288 824 62.8 2.0 Aug. 7... 6,055 1,216 7,271 824 834 10.6 16.9 Aug. 14.. 5,917 1,215 7,132 806 829 23.6 18.5 Aug. 21.. 5,919 1,193 7,112 805 850 44.6 7.8 Aug. 28.. 5,889 1,191 7,080 801 846 44.3 12.5 Sept. 4... 5,989 1,178 7,166 814 859 44.9 16.4 Sept. 11.. 5,903 1,164 7,066 802 818 16.2 17.9 Sept. 18.. 5,953 1,168 7,121 809 881 72.2 9.8 Sept. 25.. 5, 916 1,168 7,084 804 871 66.7 11.7 Oct. 2.. 6,134 1,139 7,273 892 60.3 11.5 Oct. 9... 5,969 1,120 7,089 810 826 16.2 77.6 Oct. 16. 5,773 1,103 6,876 784 833 49.3 126.3 Oct. 23. 5,803 1,033 6,835 785 877 92.0 103.5 Oct. 30. 5,835 6,833 789 857 68.7 47.1 Nov. 6— 5,762 6,728 778 786 8.3 35.7 Nov. 13.. 5,623 958 6,580 760 766 6.5 30.3 Nov. 20.. 5,639 954 6,593 762 768 5.9 26. 3 Nov. 27.. 5,618 961 6,578 759 780 20.9 19.9 Dec. 4... 5,636 942 6,578 761 775 14.4 32.5 Dec. 11.. 5,549 892 6,442 748 756 8.2 26.8 Dec. 18.. 5,635 868 6,503 759 790 31.0 4.5 Dec. 25.. 5,498 842 6,340 740 748 8.4 51.0 3 Central reserve city banks only. 125554—32 8 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
104 AKNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 56.—MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931— Continued [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrow- Week ending (Friday) de N m e a t nd Time Total R re e q s u e i r r v e e d s Total Excess F i r n b e e g a s d e n s e r k r v a a s e t l Chicago:3 1925)—Jan. 4... 1,217 565 1,782 175 180 4.8 69.5 Jan. 11.. 1,203 569 1,772 173 175 1.9 54.6 Jan. 18.. 1,198 573 1,771 173 175 2.1 64.0 Jan. 25.. 1,191 574 1,765 172 174 1.8 69.6 Feb.l... 1,199 569 1,769 173 175 1.8 59.1 Feb. 8... 1,208 567 1,775 174 176 1.9 65.4 Feb. 15.. 1,205 523 1,728 172 175 3.0 73.1 Feb. 22.. 1,200 462 1,663 170 172 2.0 93.1 Mar. 1... 1,213 465 1,677 172 173 1.4 102.7 Mar. 8... 1,203 464 1,667 170 172 2.2 120.3 Mar. 15.. 1,191 456 1,647 169 171 2.1 127.5 Mar. 22.. 1,145 436 1,581 162 165 2.6 136.7 Mar. 29.. 1,130 430 1,560 160 162 1.8 99.2 Apr. 5... 1,119 406 1,525 158 159 1.6 95.0 Apr. 12.. 1,126 419 1,545 159 161 1.7 51.0 Apr. 19.. 1,157 433 1,591 163 165 1.7 20.4 Apr. 26.. 1,153 443 1,597 163 165 1.8 16.5 May 3... 1,144 442 1,586 162 163 1.5 23.4 May 10.. 1,144 439 1, 583 162 163 1.1 22.1 May 17.. 1,145 441 1,586 162 164 1.7 28.9 May 24.. 1,127 446 1,572 160 161 .9 37.9 May 31.. l,ill 445 1,555 158 157 -1.1 62.2 June7._. 1,122 445 1,568 159 160 .7 68.2 June 14.. 1,140 442 1,582 161 163 1.2 54.7 June 21.. 1,136 437 1,573 161 161 .1 63.9 June 28.. 1,132 435 1,566 160 161 .6 67.1 July 5... 1,158 445 1,603 164 163 4 56.7 July 12.. 1,148 447 1,595 163 163 '.7 59.4 July 19.. 1,162 452 1,613 165 165 .3 51.0 July 26 _. 1,173 457 1,630 166 166 .2 35.9 Aug. 2... 1,214 459 1,673 172 171 -.1 37.3 Aug. 9... 1,241 471 1,712 176 176 .8 28.1 Aug. 16.. 1,204 488 1,692 171 171 .1 43.2 Aug. 23.. 1,200 482 1,682 170 171 .2 34.2 Aug. 30.. 1,202 485 1,686 171 171 .2 21.8 Sept. 6... 1,206 483 1,689 171 173 1.5 11.9 Sept. 13.. 1,221 473 1,693 173 174 .8 8.4 Sept. 20.. 1,200 463 1,663 170 169 -1.2 21.0 Sept. 27.. 1,207 468 1,675 171 170 -.7 27.1 Oct.4-_ 1,219 469 1,689 173 173 .2 52.2 Oct. 11. 1,213 461 1,674 171 172 .7 46.2 Oct. 18. 1,228 471 1,699 174 175 1.1 54.7 Oct.25- 1,268 499 1,767 180 180 .2 6.3 Nov. 1... 1,311 499 1,810 185 187 1.8 4.7 Nov. 8... 1,291 485 1,776 182 184 1.3 17.8 Nov. 15.. 1,246 443 1,689 175 - 176 .9 46.3 Nov. 22.. 1,249 430 1,680 175 176 .5 10.5 Nov. 29.. 1,224 426 1,650 172 173 1.1 30.3 Dec. 6.. 1,223 428 1,651 172 174 2.1 52.4 Dec. 13. 1,215 432 1,647 171 172 1.0 27.0 Dec. 20. 1,207 419 1,625 169 171 1.4 17.3 Dec. 27. 1,197 411 1,609 168 169 1.0 40.2 8 Central reserve city banks only. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL MEMBEE BANKS 105 No. 56.—MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931— Continued [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrow- Reserves ings at Week ending (Friday) required Federal Net Time Total Total Excess reserve demand banks Chicago 3—Contined. 1930—Jan. 3 1,193 415 1,608 167 169 1.1 39.2 Jan.10 1,189 407 1,596 167 168 1.6 16.3 Jan.17 1,176 403 1,578 165 167 1.6 5.3 Jan. 24. 1,177 408 1,585 165 168 2.9 2.9 Jan. 31 1,162 412 1,575 163 165 1.4 3.8 Feb.7._. 1,155 412 1, 567 162 165 2.4 1.0 Feb. 14.. 1,136 414 1,550 160 161 1.3 2.9 Feb. 21.. 1,149 412 1,561 162 163 1.0 4.3 Feb. 28.. 1,162 418 1,580 164 165 1.7 1.9 Mar. 7... 1,182 426 1,609 166 167 .4 Mar. 14.. 1,181 427 1,608 166 169 2.6 .5 Mar. 21.. 1,188 433 1,621 167 172 4.2 1.2 Mar. 28- 1,189 434 1,623 168 169 1.4 Apr. 4... 1,201 424 1,625 169 170 3.1 Apr. 11.. 1,206 432 1,638 170 171 1.0 3.9 Apr. 18_. 1, 216 434 1,650 171 172 1.3 2.9 Apr. 25.. 1,220 435 1,655 172 173 1.9 1.3 May 2... 1,211 439 1,651 171 172 2.6 May 9-. 1,210 443 1,653 171 171 .9 2.4 May 16.. 1,211 443 1,654 171 172 1.1 1.1 May 23. . 1,221 446 1, 667 172 174 1.8 .1 May 30.. 1,227 448 1,675 173 175 1.6 .1 June 6... 1,223 457 1,680 173 175 1.9 .1 June 13.. 1,230 460 1, 690 174 175 .8 .3 June 20.. 1,234 455 1,688 174 175 1.4 .4 June 27_. 1,219 470 1,688 173 177 4.2 July 4... 1,224 515 1,739 175 176 1.1 .4 July 11.. 1,232 543 1,775 176 179 2.3 July 18.. 1,245 590 1,835 180 181 1.5 \~9 July 25.. 1,249 587 1,837 180 182 1.9 .1 Aug. 1... 1,263 577 1,840 182 184 2.3 Aug. 8... 1,252 555 1,807 179 183 3 9 Aug. 15- 1,253 555 1,807 179 180 .9 .4 Aug. 22-. 1,250 552 1,802 179 182 2.6 .3 Aug. 29- 1,240 552 1,792 178 179 1.4 .4 Sept. 5— 1,231 569 1,800 177 179 2.1 6.9 Sept. 12.. 1,243 570 1,813 179 180 1.5 .3 Sept. 19- 1,235 572 1,808 178 185 7.5 .1 Sept. 26- 1,220 575 1,795 176 178 2.0 .1 Oct.3__ 1,220 577 1,797 176 177 .6 1.8 Oct. 10. 1,209 568 1,777 174 175 1.1 1.4 Oct. 17_ 1,238 561 1,798 178 180 1.9 .4 Oct.24- 1,254 541 1,795 179 181 1 7 Oct.31- 1,248 547 1,795 179 181 2.1 .2 Nov. 7... 1,254 542 1,796 179 180 1.2 .2 Nov. 14.. 1,278 537 1,816 182 184 2.0 .8 Nov. 21.. 1,282 537 1,819 183 184 .8 .8 Nov. 28.. 1,263 540 1,804 180 182 1.1 1.4 Dec. 5... 1,279 529 1,807 182 184 2.2 .1 Dec. 12.. 1,285 524 1,809 183 185 2.3 .3 Dec. 19.. 1,283 523 1,806 183 184 1.3 .2 Dec. 26.. 1,260 514 1,773 179 181 1.4 .8 3 Central reserve city banks only. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
106 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 56.—MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931— Continued [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrow- Week ending (Friday) de N m e a t nd Time Total R re e q s u e i r r v e e d s Total Excess i F r n b e e g a s d e s n e r k r v a s a e t l Chicago '—Continued. 1931—Jan. 2 ._ 1,250 505 1,755 178 189 11.0 .2 Jan.9 1,252 507 1,760 178 182 4.0 Jan.16 1,257 515 1,773 179 181 2.2 Jan. 23 1,233 522 1, 754 176 179 2.6 Jan. 30 -. 1,230 524 1,755 176 177 1.1 .2 Feb. 6... 1,219 539 1,758 175 176 1.5 .2 Feb. 13.. 1,228 536 1,764 176 177 1.4 Feb. 20.. 1,242 536 1, 779 178 179 1.3 Feb. 27.. 1,227 539 1,766 176 176 .5 Mar.6— 1,191 551 1,742 171 173 1 ?, Mar. 13.. 1,179 547 1,725 170 171 1 ? Mar. 20.. 1,165 539 1,704 168 169 1.5 .4 Mar. 27- 1,160 584 1,693 167 168 1.3 Apr.3... 1,131 538 1,669 163 164 1 ?, Apr. 10.. 1,156 549 1,704 167 168 1.2 .07 Mar. 17- 1,178 552 1,730 170 171 1.7 .07 Mar. 24.. 1,171 611 1,782 171 172 1.8 May 1... 1,169 615 1,784 170 172 1.5 May 8... 1,177 596 1,772 171 174 3.3 .4 May 15- 1,189 567 1,755 172 173 1.0 .3 May22.. 1,211 580 1,791 175 176 .9 .6 May 29. . 1,191 580 1,771 172 174 1.4 June 5.-. 1,171 590 1,761 170 171 1.0 .4 June 12.. 1,154 583 1,737 167 177 9.4 3.4 June 19.. 1,153 541 1,694 166 169 3.2 3.5 June 26.. 1,142 508 1,650 164 165 1.4 1.6 July 3... 1,148 491 1,638 164 167 3.1 .6 July 10.. 1,169 485 1,654 167 174 7.8 1.2 July 17.. l>159 491 1, 650 165 172 6.2 .9 July 24.. 1,161 494 1,655 166 169 3.4 .9 July 31.. 1,180 505 1,685 169 182 13.3 .7 Aug. 7... 1,170 515 1,684 167 177 9.4 1.1 Aug. 14.. 1,169 510 1,679 167 176 9.0 .9 Aug. 21.. 1,169 496 1,665 167 184 17.1 .8 Aug. 28.. 1,172 490 1,662 167 191 23.8 .4 Sept.4... 1,175 491 1,666 168 195 27.2 .4 Sept. 11 1,170 476 1,646 166 174 7.8 .8 Sept. 18 1,173 472 1,645 167 187 20.2 1.2 Sept. 25 1,128 459 1,587 160 175 14.9 1.3 Oct.2_. 1,106 456 1,563 158 179 21.7 Oct. 9.- 1,113 448 1,561 158 175 17.2 1.3 Oct. 16. 1,091 442 1,532 155 165 9.5 4.5 Oct. 23. 1,097 430 1,527 156 161 5.5 4.8 Oct. 30- 1,098 426 1,524 155 165 9.2 4.4 Nov. 6— 1,089 424 1,513 154 158 3.4 2.0 Nov. 13.. 1,092 416 1,508 154 156 1.7 2.2 Nov. 20- 1,102 408 1,510 156 157 1.2 2.0 Nov. 27- 1,093 402 1,494 154 157 2.9 2.1 Dec. 4 .. 1,086 405 1,491 153 154 1.1 6.2 Dec. 11 . 1,070 400 1,470 151 158 7.3 8.0 Dec. 18 . 1,063 398 1,461 150 165 14.5 8.2 Dec. 25 , 1,017 390 1,406 144 145 1.4 13.4 * Central reserve city banks only. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
107 ALL MEMBER BANKS No. 56.—MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931— Continued [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrowings at Week ending (Friday) Reserves Federal de N m e a t nd Time Total required Total Excess r b e a se n r k v s e Reserve city banks: 1929—Jan. 4 ... 6,354 4,828 11,182 780 799 19.2 391.7 Jan.11 _. 6,386 4,824 11,210 783 802 18.5 349.3 Jan.18 _. 6,404 4,823 11,227 785 801 15.9 351.6 Jan. 25 .. 6,331 4,819 11,151 778 789 11.6 363.7 Feb. 1 ... 6,303 4,813 11,115 775 787 11.9 368.5 Feb. 8—. 6,270 4,808 11, 078 771 782 11.0 374.4 Feb. 15... 6,274 4,803 11, 077 771 783 12.0 379.7 Feb. 22... 6,223 4,791 11,014 766 782 15.5 393.6 Mar. 1.... 6,179 4,789 10,968 762 770 8.0 433.4 Mar. 8—. 6,174 4,802 10,976 761 774 12.6 424.1 Mar. 15.. 6,256 4,791 11, 046 769 781 12.1 405.9 Mar. 22 . 6,174 4,788 10,962 761 770 9.2 396.1 Mar. 29.. 6,090 4,771 10, 860 752 764 12.0 443.6 Apr. 5 6,076 4,771 10, 847 751 762 11.0 506.4 Apr. 12... 6,070 4,747 10, 818 749 760 10.1 483.1 Apr. 19... 6,141 4,751 10, 892 757 767 10.5 494.7 Apr. 26— 6,080 4,748 10,828 750 761 10.4 481.0 May 3—. 6,121 4,770 10,890 755 765 9.5 475.0 May 10— 6,100 4,781 10, 881 753 765 11.7 446.5 May 17... 6,172 4,781 10, 953 761 771 10.3 427.3 May 24... 6,025 4,783 10,808 746 755 8.5 444.2 May 31... 5,961 4,778 10, 739 739 748 9.0 453.4 June 7 5,984 4,790 10, 774 742 751 9.3 469.2 June 14._. 6,100 4,783 10, 883 753 763 9.1 419.9 June 21— 6,112 4,767 10,878 754 764 10.3 378.3 June 28... 6,032 4,787 10,819 747 757 9.8 390.1 July 5 6,086 4,783 10,869 752 763 11.1 381.2 July 12... 6,111 4,762 10, 873 754 763 8.9 399.3 July 19... 6,187 4,776 10,963 762 770 7.6 392.4 July 26... 6,126 4,728 10, 854 754 764 9.5 394.1 Aug. 2 6,111 4,716 10, 827 753 763 10.5 415.3 Aug. 9 6,114 4,719 10, 833 753 762 8.7 414.8 Aug. 16- 6,159 4,707 10,866 757 767 9.5 438.7 Aug. 23... 6,088 4,694 10, 781 750 755 5.4 490.2 Aug. 30... 6,039 4,700 10,739 745 751 6.4 477.5 Sept. 6-_. 6,056 4,718 10,774 747 755 7.6 507.1 Sept. 13 . 6,159 4,727 10,886 758 763 5.3 482.6 Sept. 20.. 6,162 4,740 10,902 758 765 6.9 479.3 Sept. 27- 6,080 4,739 10,818 750 755 4.5 495.2 Oct. 4 6,094 4,728 10,822 751 759 7.8 508.5 Oct. 11... 6,108 4,710 10, 817 752 758 6.1 409.9 Oct. 18__ 6,216 4,730 10,946 763 772 8.1 463.3 Oct. 25... 6,142 4,752 10,894 757 763 6.7 475.8 Nov. 1 .. 6,230 4,756 10,986 766 775 9.1 492.0 Nov. 8—.. 6,241 4,753 10,994 767 779 12.1 520.9 Nov. 15.. 6,254 4,726 10,980 767 772 5.2 537.9 Nov. 22.. 6,191 4,724 10,915 761 767 6.6 517.2 Nov. 29.. 6,116 4,732 10,848 754 760 5.9 467.3 Dec. 6— 6,127 4,723 10,849 754 762 7.8 447.2 Dec. 13— 6,154 4,733 10,887 757 766 8.2 367.6 Dec. 20— 6,164 4,723 10,887 758 771 12.7 323.1 Dec. 27.. 6,122 4,812 10,934 757 767 10.3 309.5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
108 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 56.—MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931— Continued [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrowings at Reserves Week ending (Friday) Federal Net required reserve demand Total Total Excess banks serve city banks—Contd 1930—Jan. 3 6,195 4,862 11,057 765 777 11.2 275.3 Jan. 10 6,131 4,872 11,003 759 770 10.9 229.4 Jan. 17 6,137 4,892 11,029 760 771 10.3 170.6 Jan. 24 6, 027 4,935 10,962 751 765 13.9 155.1 Jan. 31 5, 941 I 4,945 10,886 742 756 13.5 153.9 Feb.7 5,942 I 4,921 10,863 742 755 12.9 149.3 Feb. 14 5,979 4,916 10.894 745 760 14.7 133.2 Feb. 21 5,955 ! 4,916 10,870 743 756 12.6 136.3 Feb. 28 5,902 ' 4,908 10,810 737 748 10.5 134.0 Mar. 7 5,898 4,913 10,811 737 751 14.1 128.4 Mar. 14 5,964 4,900 10, 863 743 756 13.0 88.6 Mar. 21 5.996 I 4,913 10, 909 747 766 19.2 47.9 Mar. 28 5,988 4,958 10,946 748 763 15.6 38.4 Apr. 4 6,013 ; 4,932 10,945 749 765 15.5 51.4 Apr. 11 — . 6,065 I 4,954 11,019 755 768 12.9 36.7 Apr. 18 6, 111 I 4,942 11.053 759 773 14.1 38.9 Apr. 25 6,042 I 4,936 10,978 752 765 13.1 42.9 May 2 6,026 4,964 10,990 751 765 13.3 47.4 May 9 6,020 4,970 10. 990 751 767 16.0 47.4 May 16 6,077 4,982 11,059 757 774 16.7 39.5 May 23 6,026 5, 008 11,035 753 767 14.5 38.1 May 30 5,974 5,021 10,995 748 764 16.3 42.2 June 6 6,021 5,021 11,041 753 771 18.4 47.0 June 13 6,135 5,018 11,152 764 781 16.7 40.5 June 20 6,120 5,009 11,130 762 781 19.2 43.1 June 27 6,024 5,019 11,043 753 770 17.3 45.2 July 4 .._- 6,098 5,028 11,125 761 781 20.5 59.6 July 11 6,145 5,034 11,179 765 788 22.5 49.7 July 18 6,242 5,021 11,263 775 797 21.9 34.6 July 25 6,169 5,029 11,197 768 792 24.3 25.3 Aug. 1 6,140 5,038 11.177 765 783 17.8 26.1 Aug. 8____ 6.159 5,046 11, 206 767 787 19.6 27.5 Aug. 15 6,180 5,061 11,241 770 770 .1 44.7 Aug. 22 6,137 5,082 11, 219 766 783 17.0 28.1 Aug. 29 6,075 5,103 11.178 761 778 17.0 27.0 Sept. 5 6,097 5,121 11,218 763 781 18.1 34.3 Sept. 12..... 6,188 5,124 11,312 773 792 19.5 30.8 Sept. 19.. 6,200 5,138 11,338 774 790 15.7 25.1 Sept. 26 6,106 5,160 11, 265 765 780 14.5 24.4 Oct. 3 6,102 5,171 11,273 765 778 12.5 35.4 Oct. 10 6,089 5,165 11,254 764 781 16.9 32.4 Oct. 17 6,132 5,158 11,290 768 780 12.5 35.0 Oct. 24._ 6,057 5.163 11, 220 761 775 14.4 41.9 Oct. 31 6,012 5,176 11,188 756 775 18.2 40.1 Nov. 7 5,276 11,364 767 788 20.8 44.0 Nov. 14 6,184 5,349 11, 533 779 800 20.8 43.0 Nov. 21 6,120 5,316 11, 436 771 790 18.2 49.3 Nov. 28 6,040 5,304 11, 343 763 776 13.1 59.9 Dec. 5 _ 6,049 5,269 11,318 763 777 14.1 67.8 Dec. 12 6,060 5, 267 11,327 764 778 13.6 62.0 Dec. 19 6,035 5, 244 11,279 761 775 14.2 114.4 Dec. 26 5,896 5,228 11,124 746 761 14.9 150.5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL MEMBER BANKS 109 No. 56.—MEMBER BANKS IN NEW YORK CITY, CHICAGO, AND OTHER RESERVE CITIES—DEPOSITS SUBJECT TO RESERVE, RESERVES REQUIRED, RESERVES HELD, AND BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, 1929-1931— Continued [Averages of daily figures. In millions of dollars] Deposits subject to reserve Reserves held Borrow- Reserves ings at Week ending (Friday) required Federal de N m e a t nd Time Total Total Excess r b e a se n r k v s e Reserve city banks—Contd. 1931—Jan. 2 5,934 5,201 11.135 749 766 17.0 106.6 Jan. 9 6,030 5,185 11, 215 759 784 25.5 93.6 Jan.16 6, 029 5,185 11, 214 754 777 22.4 62.4 Jan. 23 6,002 5,170 11,172 755 772 16.7 54.6 Jan. 30 5,954 5,179 11,133 751 770 18.7 52.4 Feb. 6... 5,947 5,214 11,161 751 772 20.6 55.0 Feb. 13.. 5,947 5,216 11,163 751 772 20.8 51.2 Feb. 20.. 5,964 5, 222 11,186 753 768 15.1 44.8 Feb. 27_. 5,899 5, 257 11,156 748 762 14.8 35.3 Mar. 6_.. 5,929 5, 297 11, 226 752 766 14.7 42.0 Mar. 13.. 5,994 5,305 11,299 759 775 16.3 28.9 Mar. 20_. 6,020 5,300 11, 320 761 778 17.0 26.3 Mar. 27.. 6,001 5, 308 11, 309 759 778 18.8 22.3 Apr. 3... 6,071 5,305 11,377 766 785 19.0 18.4 Apr. 10.. 6,140 5,294 11,434 773 794 20.9 14.3 Apr. 17.. 6,193 5,268 11,461 777 793 15.5 14.8 Apr. 24.. 6,179 5,295 11, 474 777 792 15.0 17.7 May 1... 6,118 5,311 11,429 771 791 19.8 27.7 May 8... 6,079 5,344 11,423 768 792 23.9 29.4 May 15.. 6,072 5,342 11,414 767 785 17.9 19.2 May 22.. 6,029 5,339 11, 368 763 782 19.2 20.1 May 29.. 6,003 5,329 11, 333 760 783 22.4 22.2 June 5... 6,010 | 5,308 11,319 760 784 24.2 36.4 June 12.. 6,021 5,285 11, 306 761 784 23.6 41.9 June 19.. 6,014 ! 5,250 11, 264 759 774 15.5 45.8 June 26.. 5,908 | 5,243 11,151 748 768 20.3 48.6 July 3... 5,961 5,259 11, 219 754 784 29.8 25.9 July 10.. 5,964 5,255 11, 219 754 784 30.0 30.9 July 17.. 5,961 5,252 11, 213 754 777 23.8 37.2 July 24.. 5,920 5,222 11,142 749 774 25.4 47.2 July 31.. 5,870 5.228 11.098 744 766 22.3 45.6 Aug. 7... 5,886 5,214 11.099 745 ' 765 20.1 45.0 Aug. 14.. 5,891 5,211 11,102 745 768 22.8 40.1 Aug. 21.. 5, 859 5,187 11,046 742 763 21.5 68.4 Aug. 28.. 5,769 5,164 10,933 732 751 19.2 77.4 Sept. 4... 5,751 5,147 10,898 730 749 19.3 84.2 Sept. 11.. 5,752 5,125 10,877 729 748 19.2 91.7 Sept. 18.. 5,745 5,086 10, 831 727 743 15.6 93.7 Sept. 25.. 5,542 5,044 10, 586 706 724 18.8 107.4 Oct. 2__ 5,441 4,978 10,419 719 25.2 124.9 Oct. 9__ 5,410 4,879 10, 289 687 728 41.1 192.7 Oct. 16_ 5,349 4,797 10,146 679 717 38.7 248.3 Oct. 23. 5,283 4,757 10,040 671 695 24.3 321.2 Oct. 30_ 5,186 4,738 9,924 661 672 11.4 350.4 Nov. 6... 5,174 4,709 9,883 659 672 13.6 382.4 Nov. 13.. 5,209 4,676 9,885 661 678 16.3 347.5 Nov. 20_. 5,210 4,657 9,867 661 683 22.4 329.1 Nov. 27.. 5,147 4.644 9,791 654 671 17.0 328.1 Dec. 4.. 5,139 4,609 9,748 652 664 11.6 Dec. 11. 5,135 4,586 9,721 651 666 15.3 Dec. 18. 5,106 4,541 9,646 647 654 6.9 345.4 Dec. 25. 4,982 4,511 9,492 633 637 3.5 364.4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
110 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD REPORTING MEMBER BANKS IN LEADING CITIES No. 57.—REPORTING MEMBER BANKS—LOANS, INVESTMENTS, DEPOSITS, RE- SERVES, AND BORROWINGS AT FEDERAL RESERVE BANKS, 1920-1931. [Monthly averages of weekly figures. In millions of dollars] Month 1920 1921 1922 1923 1924 1925 1926 1927 1931 Loans and investments: January 16,682 16,447 14,694 16, 23316,321 18,502 19,358 19,686 21,493 22,320 22, 36822, 660 February.. 16,652 16,176 14,688!16, 22616, 31918,439 19,323 19,558 21,315 22,263! 22,083 22, 659 March 16,853 16,066 14,617 16, a6816,443 18,523 19,420 19,989 21,502 22,472| 22, 35222, 839 April 16, 98315,778 14,688 16,443 16, 56518,554 19,392 20.068 21, 94422,388 22, 65722, 942 May 16,992 15,511 14, 968 16,487 16,618 18,527 19,502 20, 273!22,148 22,113!22, 66222,713 June 16, 97115,364 15,242 16,428 16,816 18,641 19,596 20,506 22,063 22,231123.024 22,439 July.- 16, 92115,065 15, 25416, 40417,131 18, 72219,561 20, 404)22,006 22,479' 23,101 22, 393 August 16,907 14, 921 15,373 16, 20117,446 18, 775 19,594.20,357|21,809 22,465j 23,128 22,093 September. 17,057 14,902 15, 44616,305 17,757 18,978 19,775 20,653!21,871 22,646 23, 22022,078 October 17,192 14,942i 15, 73216,381 18,217 19, 23919,784 20, 918121,938 23,124 23,409 21, 425 November. 16,868 14,837| 15,816 16,287 18,35^ 19,331 19,673 21,11221, 983 23,663i 23,455 21, 023 December.. 16,737 14,842j 16,006 16,318 18,465 19,413 19,742 21,328 22,189 23,012 23,117 20, 749 Total loans: January 12, 74313,167 11,204 11,560 11,' 13,179 14,200 14,538 15,441 16,300 16, 82115, 894 February. _ 12,888 12,928| 11,025 11,597 12,004 13,232 14,140 14,347 15, 22316,260 16, 54215, 557 March 13,242 12, 785| 11,034 11,796 12,138 13,320 14,172 14,536 15,370 16,491!16, 74615,452 April 13,344 12, 506: 11.002 11,919 12, 21213, 29714,140 14,564 15,805 16,464'16,901 15,197 May 13,352 12,272: 11,045 12,002 12,172 13, 29414,160 14,666 15,960 16,277 16, 82514, 891 June 13,426 12,036 11,024 11, 905J12,249 13,375 14,235 14,849 15,871 16,480 17,048 14, 623 July-.— 13,507 11,853 10,959 11,912 12,400 13,474 14,241 14,781115,892 16,950 16,906 14, 595 A S D O N e e u c o p c t g v o e t u e e m b s m m e t b r e b b r e e — r r . . 1 1 1 1 1 3 3 3 3 3 , , , , , 6 8 5 5 4 9 9 1 7 2 1 6 8 8 8 1 1 1 1 1 1 1 1 1 1 , , , , , 6 6 6 4 4 8 7 6 9 2 9 2 4 4 0 1 : 1 1 1 1 1 1 1 0 1 1 , , , , , 0 3 4 9 4 6 4 4 4 0 6 5 2 2 0 1 1 1 1 1 2 1 1 1 1 , , , , , 0 9 7 9 9 2 7 8 3 9 9 5 5 0 2 1 1 1 1 1 2 2 2 3 2 , , , , , 9 7 5 0 9 5 2 9 8 6 5 5 4 7 9 1 1 1 1 1 4 3 3 4 4 , , , , , 0 7 5 1 2 5 9 8 5 4 7 7 7 1 8 1 1 1 1 1 4 4 4 4 4 , , , , , 5 3 4 4 5 1 5 9 8 7 3 5 8 7 8 1 1 1 1 1 5 4 5 5 5 , , , , , 0 8 3 2 3 6 2 9 5 0 6 5 6 8 8 1 1 1 1 1 5 6 6 6 5 , , , , , 8 0 0 2 8 9 2 0 5 9 6 5 3 3 8 1 1 1 1 1 7 7 6 7 8 , , , , , 4 7 0 9 1 4 0 4 6 9 4 6 1 9 7 1 1 1 1 1 6 6 6 6 6 , , , , , 8 8 8 6 3 3 3 5 7 3 8 4 9 3 2 1 1 1 1 1 4 4 3 3 3 , , , , , 3 2 6 4 2 8 8 5 4 0 3 0 0 5 4 Loans on securities: January 4,737 4,036 3,711 4,194 4,252 5,008 5,874 5,915 6,811 7,506 7,794 7,495 February. _ 4,504 3,961 3,666 4,119 4,173 5,056 5,767 5,780 6,606 7,522 7,671 7,315 March 4,454 3,921 3,641 4,116 4,181 5,122 5,652 5,867| 6,586 7,580 7,964 7,302 April 4,390 3,849 3,657 4,173 4,218 5,098 5,576 5,930 6,924 7,392 8,270 7,157 May 4,303 3,842 3,825 4,220 4,221 5,167 5,592 6,017 7,075 7,218 8,312 6,998 June 4,249 3,805 3,909 4,157 4,310 5,289 5,693 6,220 6,962 7,332 8,560 6,770 July 4,181 3,740! 3,895 4,150 4,479 5,370 5,743 6,191! 6,955 7,716 8,391 6,631 August 4,087 3,670| 3,862 3,994 4,582 5,377 5,771 6,201 6,816 7,578 8,349 6,480 September. 4,111 3,6671 3,908 4,028 4,675 5,447 5,847 6,298 6,840 7,654 8,383 6,413 October 4,155 3,717 4,060| 4,052 4,726 5,558 5,741 6,403 6,874 8,098 8,237 5,971 November. 4,072 3,721 4,1031 4,056 4,740 5,696 5,633 6,492 7,082 8,249 7,r 5,859 December.. 4,111 *3,765 4,123 4,142 4,917 5,843 5,771 6,676 7,198 7f 7,776 5,763 All other loans: January 8,0061 9,131 7,493 7,366 7,736 8,170 8,326 8,623 8,631 8,794 9,027 8,399 February. _ 8,384! 8,967 7,359 7,477 7,831 8,176 8,373 8,566 8,617 8,737! 8,871 8,242 March 8, 788 8,864 7,393 7,680 7,956 8,198 8,521 8,670 8,784 8,911 8,781 8,150 April 8,954 8,657 7,345 7,746 7,994 8,199 8,564 8,634 8,880 9,073 8,631 8,040 May 9,050 8,430 7,219 7,781 7,951 8,127 8,568 8,649 8,884 9,059 8,513 7,893 J J u u n l e y.. 9 9, , 3 1 2 7 6 7 8 8 , , 1 2 1 3 3 2 7 7, , 0 1 6 1 4 5 7 7 , , 7 7 4 6 8 1 7 7 t , c 9 21 ' 8 8, , 1 0 0 8 3 5 8 8 , , 5 4 4 9 1 8 8 8 , , 6 5 2 9 8 0 8 8 , , 9 9 0 3 9 7 9 9, , 2 1 3 4 4 9 j 8 8 , , 4 51 8 5 7 7 7, , 9 8 6 5 4 3 August 9,431 8,018 7,080 7,798 8,012 8,180 8,542 8,624 9,009 9,390 8,488 7,900 September . 9,580 8,005 7,158 7,903 8,049 8,652 8,768! 9,059 9,543J 8,476 7,870 October 9,741 7,947 7,T" 7,977 8,229 8,500 8,814 8,855 9,130 9,608| 8,597 7,679 November. 9 9 , , 5 3 0 1 7 7 7 7, , 6 7 5 7 5 3 7 7 , , 2 3 9 2 7 2 7 7 , , 9 8 2 4 0 3 8 8, , 1 2 7 2 0 9 8 8 , , 4 4 8 0 5 5 8 8 , , 8 8 5 0 4 7 8 8 , , 8 7 1 2 6 0 9 9 , , 0 0 1 5 4 5 9 9 , , 7 4 9 7 2 6 ! 8 8 , , 5 7 5 7 7 6 7 7 , , 5 4 8 4 6 1 December- Investments: J J J M A M N D A S F O u u a e e p a u o c e n a n l y p b t y r c g v r u e o i t r e c u e l e a b u h m m s m r e a t y r b b r b y e e e r r . r . _ _ . . ' 3 3 3 3 3 3 3 3 3 3 , , , , , , , , , , 4 5 6 2 6 7 3 6 9 2 1 4 4 9 3 6 9 1 3 9 4 6 0 6 9 4 0 1 9 0 3 3 3 3 3 3 3 3 3 3 3 3 , , , , , , , , , , , , 2 2 3 2 2 2 3 2 2 4 2 2 2 8 2 7 8 3 4 1 4 2 7 3 9 1 8 8 3 0 2 7 3 3 1 8 1 ! j 4 3 3 4 4 4 4 4 3 4 3 3 , , , , , , , , , , , , 1 2 4 4 5 3 3 2 9 5 6 4 3 9 1 8 2 6 7 9 1 6 9 1 5 6 3 3 1 9 0 8 3 0 4 4 4 4 4 4 4 4 4 4 4 4 , , , , , , , , , , , , 4 5 3 4 3 4 5 5 3 6 6 3 8 2 7 9 1 0 2 5 7 2 7 3 5 3 5 2 2 9 2 2 2 9 3 3 4 4 4 4 4 4 4 5 5 4 5 5 , , , , , , , , , , , , 3 5 4 3 0 3 3 7 3 2 8 3 0 6 4 8 3 5 7 1 6 3 5 3 6 7 5 9 2 2 8 5 2 1 1 3 5 5 5 5 5 5 5 5 5 5 5 5 , , , , , , , , , , , , 2 2 2 2 2 2 2 1 1 1 1 3 0 6 5 1 3 0 4 6 8 5 8 2 4 6 8 7 3 6 8 5 1 1 1 3 5 5 5 5 5 5 5 5 5 5 5 5 , , , , , , , , , , , , 3 2 3 2 2 1 2 1 2 3 1 1 8 4 2 4 8 5 5 7 2 6 6 8 1 2 0 8 6 2 8 7 8 5 2 2 5 5 5 5 5 5 5 5 5 5 5 5 , , , , , , , , , , , , 5 4 6 6 8 6 1 5 2 5 6 9 0 5 0 5 0 2 4 8 1 6 3 3 4 4 3 8 8 3 8 7 2 0 1 2 ; 6 6 6 6 6 6 6 5 5 5 5 5 , , , , , , , , , , , , 9 9 1 1 1 1 1 9 0 8 0 9 8 3 4 3 1 9 3 8 5 8 7 9 4 6 0 3 4 3 4 8 2 8 3 1 1 1 5 5 6 5 5 5 6 5 5 5 5 6 , , , , , , , , , , , , 7 9 8 9 5 0 4 4 5 4 0 6 2 5 3 2 8 9 4 0 6 1 2 2 4 6 1 9 6 1 9 7 8 4 3 1 ! ! ! ! ! 1 ; ; ! 5 5 5 5 6 5 6 6 6 6 5 6 , , , , , , , , , , , , 6 8 9 7 1 7 7 3 5 5 5 2 0 3 7 5 9 8 8 7 4 6 4 9 7 7 7 6 4 4 2 5 8 1 1 1 7 7 7 7 6 7 7 7 7 7 7 7 , , , , , , , , , , , , 8 8 7 7 7 3 1 7 7 7 5 5 1 2 6 4 9 8 0 1 9 7 4 7 6 2 6 5 8 7 2 3 5 5 5 8 Back figures.—Set Annual Report for 1930 (Table 51). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORTING MEMBER BANKS IN LEADING CITIES 111 No. 57,—REPORTING MEMBER BANKS—LOANS, INVESTMENTS, DEPOSITS, RE- SERVES, AND BORROWINGS AT FEDERAL RESERVE BANKS, 1920-1931—Con. [Monthly averages of weekly figures. In millions of dollars] Month 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 Net demand plus time deposits: January 14,038 13, 766 13,409 15,312 15,434 18,094 18,597 18,921 20, 542 20,487 20,096 20,836 February. _ 14,021 13, 527 13,339 15,294 15,450 17,977 18,468 18,771 20,286 20,270 19,835 20,839 March 14,200 13,356 13, 529 15,212 15,509 17,872 18,414 19,023 20,268 20,127 20,067 20,944 April 14,183 13,161 13, 766 15,204 15,577 17,828 18,392 19,054 20, 576 19,869 20,460 21,059 May 14,182 13,221 14,170 15,230 15,759 17,913 18, 544 19,292 20,652 19,768 20, 511 21,099 June 14,208 13,144 14,487 15,196 16,164 18,007 18, 715 19, 577 20,373 19, 740 20, 842 20, 683 July 14,200 12,976 14,627 15,204 16,603 18,119 18,677 19,483 20,107 19,918 21, 078 20, 727 August 14,059 12,857 14,602 14,973 16, 967 18,049 18,641 19, 504 19, 733 19,848 21, 050 20, 360 September. 14,093 12,901 14,680 15,026 17,262 18,122 18,746 19,609 19,880 19,990 21,093 20,029 October 14,100 13,093 14,852 15,155 17,689 18,386 18, 727 19, 757 20,059 20,472 21,284 19, 058 November. 13,861 13, 236 14,796 15, 228 17, 945 18, 558 18, 690 20,112 20,217 21,131 21,452 18, 530 December.. 13,666 13,256 14,866 15, 210 18,039 18, 530 18,800 20,291 20,241 20,501 21,060 18, 037 Net demand deposits: January 11, 581 10,821 10, 367 11,561 11,299 13, 203 13,195 13,067 13,982 13, 593 13,224 13, 763 February. _ 11, 487 10, 588 10,280 11, 522 11,273 13,020 13,019 12,883 13,673 13,391 12,974 13, 626 March 11,605 10,409 10,391 11,284 11,282 12,866 12,917 13,034 13,579 13,288 13, 093 13, 678 April 11,551 10,206 10, 587 11,214 11, 299 12, 742 12,830 13,033 13,814 13,076 13, 391 13, 731 May 11,511 10,199 10,919 11,222 11,424 12, 742 12,953 13,179 13, 760 12,992 13, 393 13, 692 June 11, 504 10,187 11,138 11,176 11, 773 12,805 13,074 13,414 13,450 13,001 13, 631 13, 425 July 11,471 10,042 11,113 11,198 12,114 12,922 12,964 13,306 13,246 13,245 13, 720 13,576 August 11,304 9,927 11,007 10,968 12,396 12,831 12,900 13,276 12,902 13,120 13,651 13, 290 September . 11,291 9,958 11,076 10,991 12, 630 12,892 13,024 13,340 13.049 13,180 13, 622 13,137 October 11,271 10,112 11, 228 11,107 12, 937 13,085 13,015 13,412 13, 216 13,633 13, 735 12, 574 November. 11,030 10, 215 11,121 11,170 13,080 13,185 12,938 13, 703 13,369 14, 363 13, 934 12, 279 December.. 10,828 10, 247 11,146 11,127 13,184 13,173 13,032 13,872 13,399 13, 774 13,839 12, 024 Time deposits: January 2,457 2,945 3,042 3,751 4,135 4,891 5,402 5,854 6,560 6,894 6,872 7,073 February. _ 2,534 2,939 3,059 3,772 4,177 4,957 5,449 5,888 6,613 6,879 6,861 7,213 March 2,595 2,947 3,138 3,928 4, 227 5,006 5,497 5,989 6,689 6,839 6,974 7,266 April 2,632 2,955 3,179 3,990 4,278 5,086 5,562 6,021 6,762 6,793 7,069 7,328 May 2,671 3,022 3,251 4,008 4, 335 5,171 5,591 6,113 6,892 6,776 7,118 7,407 June. 2,704 2,957 3,349 4 020 4,391 5,202 5,641 6,163 6,923 6,739 7,211 7,258 July 2,729 2,934 3,514 4,006 4 489 5,197 5,713 6,177 6,861 6,673 7, 358 7,151 August 2,755 2, 930 3,595 4,005 4,571 5,218 5,741 6,228 6,831 6,728 7.399 7,070 September. 2,802 2,943 3,604 4, 035 4,632 5,230 5,722 6,269 6,831 6,810 7,471 6,892 October 2,829 2,981 3,624 4,048 4,752 5,301 5,712 6,345 6,843 6,839 7,549 6,484 November. 2,831 3,021 3,675 4,058 4,865 5,373 5,752 6,409 6,848 6,768 7, 518 6,251 December. . 2,838 3,009 3,720 4,083 4,855 5,357 5,768 6,419 6,842 6,727 7,221 6,013 Reserve balances: January L, 431 1,330 1,289 1,447 1,433 1,663 L, 672 1,672 1,799 1,777 1,718 1,846 February. _ 1,406 1,305 1,299 1,434 L,407 1,656 1,652 1,639 1,758 1,734 1,704 1,792 March 1,411 1,273 3.318 L, 404 ,435 1,627 L, 649 1,665 1,726 L, 715 1,697 1,811 April 1,420 L, 254 1,324 L, 397 ,439 1,608 L, 639 1,653 1,783 1,672 1,740 1,799 May. 1,402 ]1,256 L, 381 L,408 ,449 1,612 L, 647 1,691 1,771 ,666 1,745 1,836 June - ,402 ,296 ,405 ,400 ,539 1,622 1,664 1,744 1,740 ,672 1,781 1,827 July L, 405 ,241 ;,414 402 558 1,627 649 1,690 1,723 '703 1,813 1,843 August 1,375 L, 212 1,370 1,366 ,595 1,640 ,640 1,702 1,672 1,665 1,791 1,795 September . L, 384 1,224 L, 357 L, 360 ,645 1,639 1,674 1,703 1,699 L, 703 1.813 1,791 October 1,370 1,246 L, 412 [,381 ,644 1, 652 [,627 1,719 1,707 L, 775 1,824 1,717 November. 1,334 1,258 1,379 1,382 1,638 1,667 [,631 1,761 1,714 1,869 1,829 1,603 December.. 1,330 1,266 1,383 1,382 1,691 1,685 ,680 1,781 1,748 L, 743 1, 834 1,637 Borrowings at Federal reserve banks: January 1,803 1,947 514 343 347 108 318 299 314 663 247 82 February. _ 2,019 1,878 374 402 285 218 351 233 338 659 174 57 March 2,053 1,792 264 417 245 234 372 268 362 740 81 35 April 2,069 1,601 215 420 258 229 329 270 488 725 71 26 May 2,085 1,421 161 455 185 191 290 302 644 661 59 28 June . 1,981 1,267 130 466 131 238 252 268 796 670 53 56 July . 2,005 1,167 151 552 89 264 315 272 854 801 53 44 August 2,072 996 115 516 61 351 335 256 806 717 43 75 September. 2,117 906 145 545 83 403 428 267 822 706 44 127 October 2.222 854 240 585 86 437 440 283 736 634 56 398 November _ 2,200 723 376 505 75 411 422 276 681 655 71 404 December.. 2,132 697 392 502 145 491 447 388 799 490 141 499 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
112 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 58.—REPORTING MEMBER BANKS—PRINCIPAL [In millions of dollars] Total Loans Investments loans and Date or month investments On se- U.S.Gov- Other Total curities All other Total s e e r c n u m ri e ti n e t s securities 1931 Jan. 7 22, 776 16, 064 7,653 8,411 6,712 3,089 3,623 Jan. 14 22, 666 15,922 7,522 8,400 6,743 3,146 3,598 Jan. 21.. 22, 603 15,839 7,425 8,414 6,764 3,185 3, 579 Jan. 28. 22, 596 15, 753 7,379 8,374 6,843 3,231 3,612 Feb. 4 22,682 15,668 7,303 8, 365 7,014 3,356 3,658 Feb. 11 22,659 15,605 7,319 8,286 7,054 3,355 3,699 Feb. 18 22, 650 15,494 7,325 8,169 7,156 3,414 3,742 Feb. 25 22,647 15,464 7,313 8,151 7,183 3,414 3,769 Mar. 4 22, 621 15,441 7,256 8,185 7,180 3,444 3,736 Mar. 11 22, 577 15, 377 7,237 8,140 7,200 3,435 3,765 Mar. 18 23, 111 15, 518 7,365 8,153 7,593 3,860 3,733 Mar. 28 23, 046 15,470 7,349 8,121 7,576 3,814 3,762 Apr. 1 22,933 15,382 7,256 8,126 7,551 3,777 3,774 Apr. 8 22.845 15,212 7,146 8,066 7,633 3,848 3,785 Apr. 15 23, 051 15,258 7,194 8,064 7,793 3,977 3,816 Apr. 22 22, 987 15,139 7,138 8,001 7,848 3,968 3,880 Apr. 29 22,896 14,993 7,052 7,941 7,903 3,996 3,907 May 6 22, 768 14,922 7,036 7,886 7,846 3,970 3,876 May 13 22,778 14,925 7,046 7,879 7,853 3,975 3,878 May 20 22, 708 14,905 6,981 7,924 7,803 3,947 3,856 May 27 22, 598 14,813 6,928 7,885 7,785 3,937 3,848 June 3 22, 536 14, 730 6,867 7,863 7,806 3,989 3,817 June 10 22, 452 14,641 6,791 7,850 7,811 4,019 3,792 June 17 22, 425 14, 582 6,720 7,862 7,843 4,091 3,752 June 24 22, 343 14, 540 6,703 7,837 7,803 4,094 3,709 July 1 22,486 14, 691 6,745 7,946 7,795 4,129 3,666 July8_. 22, 487 14,636 6,665 7,971 7,851 4,124 3,727 July 15 22, 415 14, 635 6,633 8,002 7,780 4,119 3,661 July 22 22, 284 14,527 6,570 7,957 7,757 4,101 3,656 July 29 22, 296 14, 486 6,544 7,942 7,810 4,133 3,677 Aug. 5 22, 264 14, 506 6,512 7,994 7,758 4,117 3,641 Aug. 12 22, 075 14, 342 6,479 7,863 7,733 4,069 3,664 Aug. 19 22,001 14, 338 6,453 7,885 7,663 4,031 3,632 Aug. 20 22, 030 14, 335 6,477 7,858 7,695 4,078 3,617 Sept. 2 22,063 14,398 6,500 7,898 7,665 4,046 3,619 Sept. 9 22,016 14,333 6,442 7,891 7,683 4,038 3,645 Sept. 16 22,132 14, 263 6,414 7,849 7,869 4,265 3,604 Sept. 23 22, 072 14,228 6,361 7,867 7,844 4,197 3,647 Sept. 30 22,107 14,191 6,346 7,845 7,916 4,223 3,693 Oct. 7 21, 689 13,858 6,081 7,777 7,831 4,194 3,637 Oct. 4. 21, 501 13,680 6,001 7,679 7,821 4,200 3,621 Oct. 21 21, 289 13, 541 5,906 7,635 7,748 4,159 3,589 Oct. 28 21, 221 13, 521 5,897 7,624 7,700 4,133 3,567 Nov. 4 21,147 13, 510 5,867 7,643 7,637 4,108 3,529 Nov. 11.... 21, 033 13,421 5 7,573 7,612 4,099 3,513 Nov. 13 - 21, 002 13, 442 7,553 7,560 4,064 3,496 Nov. 25 20, 908 13,405 5,831 7,574 7,503 4,017 3,486 Dec. 2 20,856 13,350 5,807 7,543 7,506 4,033 3,473 Dec. 9.. 20,664 13,237 5,760 7,477 7,427 3,997 3,430 Dec. 16 20, 963 13,212 5,740 7,472 7,751 4,336 3,415 Dec. 23 20, 734 13,119 5,733 7,386 7,615 4,208 3,407 Dec. 30 J20, 532 13,104 5,777 7,327 7,428 4,060 3,368 Monthly averages: January 22, 660 15,894 7,495 8,399 6,766 3,163 3,603 February 22, 659 15, 557 7,315 8,242 7,102 3,385 3,717 March 22,839 15,452 7,302 8,150 7,387 3,638 3,749 April 22,942 15,197 7,157 8,040 7,745 3,913 3,832 May 22, 713 14,891 6,998 7,893 7,822 3,957 3,865 June -. 22, 439 14, 623 6,770 7,853 7,816 4,048 3,768 July 22, 393 14, 595 6,631 7,964 7,798 4,121 3,677 August 22,093 14,380 6,480 7,900 7,713 4,074 3,639 September 22, 078 14, 283 6,413 7,870 7,795 4,154 3,641 October 21,425 13, 650 5, 971 7,689 7,775 4,171 3,604 November 21, 023 13,445 5,859 7,586 7,578 4,072 3,506 December 20,749 13, 204 5,763 7,441 7,545 4,127 3,418 Back figures,—See Annual Report for 1930 (Table 52). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
113 REPORTING MEMBER BANKS IN LEADING CITIES RESOURCES AND LIABILITIES, BY WEEKS, 1931 [In millions of dollars] Net demand plus time de- Reserve Borrowwith Cash in nnsit.s Govern- ings at Federal ment Federal Date or month r b e a se n r k v s e vault Total TJVNTet Time deposits r b e a se n r k v s e demand 1931 1,827 282 20,864 13,821 7,043 148 126 Jan. 7. 1,870 255 20,921 13,862 7,059 115 80 Jan. 14. 1,846 230 20,779 13,689 7,090 101 70 Jan. 21. 1,842 228 20,779 13,680 7,099 93 53 Jan. 28. 1,785 217 20,809 13,649 7,160 93 65 Feb. 4. 1,786 234 20,847 13, 672 7,175 80 68 Feb. 11. 1,796 213 20,813 13,570 7,243 80 52 Feb. 18. 1,801 224 20,889 13, 614 7,275 80 42 Feb. 25. 1,773 211 20,803 13, 514 7,289 29 47 Mar. 4. 1,847 215 20,972 13, 725 7,247 33 Mar. 11. 1,846 205 21,031 13, 782 7,249 522 27 Mar. 18. 1,779 205 20, 968 13, 690 7,278 408 35 Mar. 25. 1,810 203 21,045 13,749 7,296 345 29 Apr. 1. 1,797 211 20,951 13, 678 7,273 303 20 Apr. 8. 1,768 208 21,115 13,811 7,304 395 19 Apr. 15. 1,790 214 21,110 13,752 7,358 275 21 Apr. 22. 1,832 222 21,074 13,664 7,410 218 38 Apr. 29. 1,829 229 21,030 13,608 7,422 144 36 May 6. 1,835 226 21,175 13,777 7,398 121 22 May 13. 1,834 223 21,166 13,757 7,409 64 28 May 20. 1,847 226 21,024 13,625 7,399 38 29 May 27. 1,790 215 20,952 13, 605 7,347 9 46 June 3. 1,821 238 20,877 13, 552 7,325 9 59 June 10. 1,816 232 20,446 13, 255 7,191 310 57 June 17. 1,879 232 20,455 13,286 7,169 309 63 June 24. 1,808 233 20,860 13, 688 7,172 309 22 July 1. 1,854 232 20, 780 13,604 7,176 271 40 July 8. 1,854 217 20, 776 13, 634 7,142 237 43 July 15. 1, 855 218 20,602 13,481 7,121 209 60 July 22. 1,844 220 20, 617 13,473 7,144 190 55 July 29. 1,758 220 20, 513 13,414 7,099 130 58 Aug. 5. 1,821 233 20,460 13,355 7,105 75 56 Aug. 12. 1,814 236 20, 254 13,196 7,058 45 90 Aug. 19. 1,787 247 20,212 13,195 7,017 42 94 Aug. 26. 1,807 227 20,247 13,244 7,003 42 107 Sept. 2. 1,739 242 20,145 13,195 6,950 113 Sept. 9. 1,858 225 20,029 13,134 6,895 420 113 Sept. 16. 1,736 259 19,722 12,885 6,837 404 146 Sept. 23. 1,816 255 20, 002 13, 227 6,775 376 154 Sept. 20. 1,727 271 19,363 12,739 6,624 309 274 Oct. 7. 1,680 278 19,123 12, 587 6,536 282 414 Oct. 14. 1,748 265 18,939 12, 521 6,418 187 451 Oct. 21. 1,714 264 18,807 12,449, 6,358 161 453 Oct. 28. 1,605 264 18, 640 12, 343 6,297 129 428 Nov. 4. 1,583 254 18,543 12,287 6,256 89 406 Nov. 11. 1,608 238 18, 520 12,279 6,241 89 385 Nov. 18. 1,614 245 18,417 12,206 6,211 71 397 Nov. 25. 1,567 236 18,341 12,199 6,142 57 424 Dec. 2. 1,591 248 18,178 12,105 6,073 5 428 Dec. 9. 1,667 259 18,172 12,168 6,004 553 392 Dec. 16. 1,526 292 17, 718 11,771 5,947 352 567 Dec. 23. 1,833 271 17,775 11,877 5,898 352 685 Dec. 30. Monthly averages: 1,846 249 20,836 13,763 7,073 114 82 January. 1,792 222 20,839 13, 626 7,213 83 57 February. 1,811 209 20,944 13,678 7,266 240 35 March. 1,799 212 21,059 13,731 7,328 307 26 April. 1,836 226 21,099 13,692 7,407 92 28 May. 1,827 229 20, 683 13,425 7,258 159 56 June. 1,843 224 20, 727 13,576 7,151 243 44 July. 1,795 234 20,360 13,290 7,070 73 75 August. 1,791 242 20,029 13,137 6,892 248 127 September. 1,717 270 19,058 12,574 6,484 235 398 October. 1,603 250 18,530 12,279 6,251 95 404 November. 1,637 261 18,037 12,024 6,013 264 499 December. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
114 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 59.—REPORTING MEMBER BANKS IN NEW YORK CITY— [In millions of dollars] Loans Investments Total loans and Date or month invest- U. S. ments Total c O ur n i t s i e e - s All other Total G m ov e e n r t n- se O cu t r h i e ti r es securities 1931 Jan. 7... 7,968 5,658 3,233 2,425 2,310 1,225 1,085 Jan. 14 7,890 5, 577 3,124 2,454 2,312 1,243 1,070 Jan. 21 7,880 5,563 3,061 2,502 2,317 1,263 1,054 Jan. 28 7,886 5,534 3,024 2,510 2,352 1,284 1,068 Feb. 4 7, 965 5,517 3,014 2,503 2,448 1,349 1,099 Feb. 11 7,962 5,513 3,050 2,463 2,449 1,348 1,101 Feb. 18 7,953 5,456 3,114 2, 342 2,497 1,365 1,132 Feb. 25 7,980 5,469 3,137 2,332 2,511 1,351 1,160 Mar. 4 7,954 5,481 3,160 2,321 2,473 1,357 1,116 Mar. 11 7,829 5,354 3, 082 2,272 2.475 1, 348 1,127 Mar. IS 8,083 5,529 3,219 2,310 2,554 1,457 1,097 Mar. 25.. 8,036 5,521 3,244 2,277 2,515 1,404 1,111 Apr. 1 7,974 5,451 3,183 2,268 2,523 1, 398 1,125 Apr. 8 7,858 5,302 3,066 2,236 2,556 1,423 1,133 Apr. 15 7,897 5,338 3,083 2,255 2,559 1,412 1,147 Apr. 22 7,880 5, 311 3, 063 2,248 2,569 1,393 1,176 Apr. 29 7,834 5,207 3,003 2,204 2,627 1,445 1,182 May 6 7,806 5,212 3.045 2,167 2,594 1,414 1,180 May 13 7,952 5,302 3,119 2, 183 2, 650 1,445 1,205 May 20 7,925 5,266 3,025 2,241 2,659 1,474 1,185 May 27 ,__. 7,815 5,152 2,969 2,183 2,663 1,505 1,158 June3 7,804 5,107 2, 920 2,187 2, 697 1,525 1,172 June 10 7,756 5,060 2,876 2,184 2, 696 1, 553 1,143 June 17 7,594 5,006 2,797 2,209 2,588 1,491 1,097 June 24 7,621 5,028 2,791 2,237 2,593 1,521 1,072 July 1 7,844 5,191 2,862 2,329 2, 653 1,607 1,046 JulyS 7,789 5,146 2,803 2,343 2,643 1,603 1,040 July 15 7,805 5.155 2,758 2,397 2,650 1,607 1, 043 July 22 7,712 5,093 2,712 2,381 2,619 1,587 1,032 July 29 7,752 5, 060 2,685 2,375 2, 692 1,639 1,053 Aug. 5 7,763 5,100 2,648 2,452 2,663 1,636 1. 027 Aug. 12 7, 566 4,949 2,633 2,316 2,617 1,586 1,031 Aug. 19 7,563 4,982 2,622 2,360 2,581 1, 563 1,018 Aug. 2(3 7,641 5,009 2,655 2,354 2,632 1,615 1,017 Sept. 2 7,692 5,072 2, 683 2, 389 2,620 1,588 1,032 Sept. 9 7, 666 5,017 2,643 2,374 2,649 1,592 1,057 Sept. 16 7,663 4,974 2,641 2, 333 2, 689 1,663 1,026 Sept. 23 7,775 5,036 2,641 2,395 2.739 1,673 1,066 Sept. 30 7,924 5, 059 2,677 2,382 2,865 1,745 1,120 Oct. 7 7, 648 4,801 2.469 2, 332 2, 847 1,756 1,091 Oct. 14 7, 538 4,070 2,403 2,267 2,868 1,781 1,087 Oct. 21 7,351 4,540 2,300 2,240 2,811 1,739 1,072 Oct. 28 7,326 4,552 2,305 2,247 2,774 1,722 1,052 Nov. 4 7,310 4,547 2. 287 2,260 2,763 1,724 1,039 Nov. 11 7,240 4,474 2,270 2,204 2,766 1,732 1,034 Nov. 18 7,262 4,525 2,297 2,228 2,737 1,702 1,035 Nov. 25 7,220 4,535 2,255 2,280 2,685 1,660 1,025 Dec. 2 7,181 4,488 2,239 2,249 2, 693 1,676 1,017 Dec. 9 7,064 4,425 2,210 2,215 2,639 1,657 982 Dec. 10 7, 258 4,451 2,208 2,243 2,807 1,836 971 Dec. 23 7,175 4,420 2,231 2,189 2,755 1,778 977 Dec. 30.. 7,147 4,492 2,295 2,197 2,655 1, 712 943 Monthly averages: January 7,906 5,583 3,111 2,472 2,323 1,254 1,069 February 7, 965 5,489 3, 079 2,410 2, 476 1,353 1,123 March 7,975 5,471 3,176 2,295 2,504 1,391 1,113 April 7,889 5,322 3,080 2,242 2,567 1,414 1,153 May 7,875 5,233 3,039 2,194 2,642 1,460 1,182 June 7,694 5,050 2,846 2,204 2,644 1,523 1,121 July... 7,780 5,129 2,764 2,365 2,651 1,608 1,043 August 7,633 5, 010 2,640 2,370 2,623 1,600 1,023 September 7,744 5,032 2,657 2,375 2,712 1,652 1,060 October 7,466 4,641 2,369 2,272 2,825 1,750 1,075 November 7,258 4,520 2,277 2,243 2,738 1,705 1,033 December 7,165 4,455 2,237 2,218 2,710 1,732 978 Back figures—See Annual Report for 1930 (Table 53). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORTING MEMBER BANKS IN LEADING CITIES 115 PRINCIPAL RESOURCES AND LIABILITIES, BY WEEKS, 1931 [In millions of dollars] Net demand plus time de- Reserve posits Borrowwith Govern- ings at Federal Cash in ment Federal Date or month re b s a e n r k ve vault Total de N m e a t nd Time deposits r b e a se n r k v s e 1931 821 7,091 5,911 1,180 Jan. 7. 883 7,093 5,921 1,172 Jan. 14. 859 7,021 5,820 1,201 Jan. 21. 865 7,065 5,865 1,200 Jan. 28. 789 7,060 5,851 1,209 Feb. 4. 798 7,058 5,833 1,225 10 Feb. 11. 804 7,059 5,785 1,274 Feb. 18. 816 7,113 5,838 1, 275. Feb. 25. 784 7,013 5, 781 1,232 Mar. 4. 866 7,081 5,885 1,196 Mar. 11. 853 7,144 5,945 1,199 168 Mar. 18. 793 7,082 5,869 1,213 131 Mar. 25. 822 7,084 5,849 1,235 112 Apr. 1. 780 6,914 5,697 1,217 98 Apr. 8. 773 6,968 5,749 1,219 112 Apt. 15. 793 6,989 5, 775 1, 214 73 Apr. 22. 833 7,015 5,764 1,251 55 Apr. 12. 817 6,991 5,736 1,255 35 May 6. 829 7,149 5,880 1,269 30 May 13. 815 7,117 5,869 1,248 16 May 25. 867 7,069 5,818 1,251 May 27. 792 6,990 5,775 1,215 June 3. 805 6,946 5, 729 1,217 June 10. 847 6,670 5,495 1,175 108 June 17. 917 6,803 5,611 1,192 108 June 24. 825 7,052 5,863 1,189 108 July 1. £49 6,968 5,786 1,182 95 July 8. 883 7,034 5,871 1,163 83 July 15. 886 6,941 5,791 1,150 73 July 22. 871 6,981 5,829 1,152 66 July 29. 779 6,881 5.758 1,123 45 Aug. 5. 844 6,807 5,676 1,131 27 Aug. 12. 836 6,718 5,605 1,113 16 Aug. 19. 811 6,765 5,657 1,108 15 Aug. 26. 811 6,815 5,708 1,107 Sept. 2. 766 6, ,27 5,638 1, 089 Sept. 9. 889 6,767 5,666 1,101 128 Sept. 16. 785 6,741 5,650 1,091 121 Sept. 23. 880 7,076 6,003 1,073 115 Sept. 30. 791 6,648 5,601 1,047 94 58 Oct. 7 751 6,518 5,484 1,034 87 121 Oct. 14. 839 6,486 5,529 957 57 70 Oct. 21. 821 6,473 5,544 929 49 47 Oct. 28. 724 6,318 5,413 905 40 17 Nov. 4. 723 6,255 5,353 902 27 16 Nov. 11. 731 6,272 5,363 909 27 16 Nov. 18. 748 6,267 5,360 907 21 16 Nov. 25. 710 6,213 5,335 878 18 14 Dec. 2. 722 6,121 5,290 831 1 12 Dec. 9. 798 6,186 5,376 810 264 Dec. 16. 705 5,951 5,162 789 166 Dec. 23. 941 5,996 5,217 779 166 Dec. 30. Monthly averages: 857 7,067 5,879 1,188 19 January. 802 7,073 5,827 1,246 14 February. 824 7,080 5,870 1,210 76 March. 800 6,994 5,767 1,227 90 April. 832 7,082 5,826 1, 256 22 May. 840 6,852 5,652 1,200 55 June. 863 6,995 5,828 1,167 85 July. 817 6,793 5, 674 1,119 26 August- 826 6,825 5,733 1,092 76 September. 801 6,532 5,540 992 72 October. 732 6,278 5,372 906 29 November. 775 6,094 5,276 818 123 December. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
116 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 60.—REPORTING MEMBER BANKS OUTSIDE NEW YORK CITY- [In millions of dollars] Loans Investments Total loans and Date or month invest- U. S. ments Total c O u n ri t s i e e - s All other Total G m ov e e n r t n- se O cu t r h i e ti r es securities 1931 Jan. 7_.._. 14,808 10,406 4,420 5,986 4,402 1,864 2,538 Jan. 14.... 14,776 10,345 4,398 5,946 4,431 1,903 2,528 Jan. 21.... 14, 723 10, 277 4,364 5,912 4,446 1,921 2,525 Jan. 28.... 14, 710 10, 219 4,355 5,864 4,491 1,947 2,544 Feb. 4... 14, 717 10,151 4,289 5,862 4,566 2, 007 2,559 Feb. 11.. 14, 697 10, 092 4,269 5.823 4, 605 2, 007 2,5£" Feb. 18.. 14, 697 10, 038 4,211 5,827 4,659 2,049 2,610 Feb. 25.. 14,667 9,995 4,176 5,819 4,672 2,063 2,609 Mar. 4.._. 14, 667 9,960 4,096 5,864 4,707 2,087 2,620 Mar. 11.. 14, 748 10, 023 4,155 5,868* 4, 725 2,087 2, 638 Mar. 18.. 15, 028 9,989 4,146 5,843 5, 039 2,403 2,636 Mar. 25.. 15, 010 9,949 4,105 5,844 5,061 2,410 2,651 Apr. 1... 14, 959 9,931 4, 073 5,858 5,028 2,379 2,649 Apr. 8... 14, 987 9,910 4,080 5, 830 5,077 2,425 2,652 Apr. 15.. 15,154 9,920 4,111 5,809 5,234 2,565 2, 669 | Apr. 22.. 15,107 9,828 4,075 5,753 5,279 2, 575 2, 704 Apr. 29.. 15, 062 9,786 4,049 5,737 5,276 2,551 2,725 May 6... 14, 962 9,710 3,991 5,719 5,252 2,556 2, 696 May 13.. 14,826 9,623 3,927 5, 696 5,203 2,530 2,673 May 20.. 14, 783 9,639 3,956 5,683 5,144 2,473 2,671 May 20.. 14, 783 9,661 3,959 5,702 5,122 2,432 2,690 June3... 14, 732 9,623 3,947 5,676 5,109 2,464 2,645 June 10-. 14, 696 9,581 3,915 5,666 5,115 2,466 2,649 June 17.. 14, 831 9,576 3,923 5,653 5,255 2,600 2, 655 June 24.. 14,722 9,512 3, 912 5,600 5, 210 2,573 2,637 July 1... 14, 642 9,500 3,883 5,617 ! 5,142 2,522 2,620 July 8... 14, 698 9,490 3,862 5,628 I 5,208 2, 521 2,687 July 15 _. 14, 610 9.480 3,875 5,605 i 5,130 2, 512 2, 618 July 22 _. 14, 572 9,434 3,858 5,576 I 5, 13S 2,514 2,624 July 29.. 14, 544 9,426 3,859 5,567 ' 5,118 2, 494 2,624 Aug. 5.... 14, 501 9,406 3,864 5,542 5, 095 2, 481 2,614 Aug. 12.. 14, 509 9,393 3,846 5,547 5,116 2,483 2,633 Aug. 19.. 14,438 9,356 3,831 5, 525 5, 082 2,468 2, 614 Aug. 2(3.. 14, 389 9,326 3,822 5,504 5,063 2,4G3 2,600 Sept. 2 14,371 9,326 3,817 5,509 5,045 2,458 2, 587 Sept. 9 j 14,350 9,316 3,799 5,517 5, 034 2,446 2, 588 Sept. 16.. 14, 469 9,289 3, 773 5,516 5,180 2,602 2,578 Sept. 23 --. 14, 297 9,192 3,720 5, 472 5,105 2,524 2,581 Sept. 30 14, 183 9,132 3,669 5, 463 5,051 2,478 2, 573 Oct. 7 14, 041 9,057 3,612 5,445 4,984 2,438 2. 546 Oct. 14 13, 963 9,010 3,598 i 5,412 4,953 2,419 2, 534 Oct. 21 13, 938 9,001 3,606 5,395 4,937 2, 420 2,517 Oct. 28 13, 895 3,592 5,377 4,926 2,411 2,515 Nov. 4 13,837 3,580 5,383 4 874 2,384 2,4! Nov. 11 13,793 8,947 3,578 5,369 4,846 2,367 2,479 i Nov. 18 13,740 8,917 3,592 5, 325 4,823 2,362 2,461 Nov. 25 13, 688 8,870 3,576 5,294 4,818 2, 357 2,461 Dec. 2 13,675 8,862 3,568 5,294 4,813 2,357 2, 456 Dec. 9 13,600 8,812 3,550 5,262 4,788 2,340 2,448 Dec. 16 13, 705 8,761 3,533 5,228 4,944 2, 500 2,444 Dec. 23 --_- 13, 559 3,502 5,197 4,860 2,430 2,430 Dec. 30 13,385 8,612 3,482 5,130 4,773 2,348 2,425 ] Monthly averages: January. _. 14, 754 10,311 4,384 5,927 4,443 1,909 2,534 February 14, 694 10,068 4,236 5,832 4,626 2,032 2,594 March 14, 864 9,981 4,126 5,855 4,883 ! 2,247 April 15,053 9,875 4,077 5,798 5,178 2.499 2, 679 May 14,838 9,658 3,959 5,699 5,180 2,497 2.683 June * 14, 745 9,573 3,924 5,649 5,172 2,525 2; 647 July 14,613 9,466 3,867 5,599 5,147 2,513 2,634 August 14,460 9,370 3,840 5,530 5, 090 2,474 2,616 September 14, 334 9,251 3,756 5,495 5,083 2,502 2,581 October 13,959 9,009 3,602 5,407 4,950 2,421 2,529 November 13, 765 8,925 3,582 5,343 4,840 2,367 2,473 December 13, 584 8,749 3,526 5,223 4, 835 2,395 2,440 Back figures.—See Annual Report for 1930 (Table 54). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORTING MEMBER BANKS IN LEADING CITIES 117 PKINCIPAL RESOURCES AND LIABILITIES [In millions of dollars] Net demand plus time de- Reserve posits Borrowwith Govern- ings at Federal Cash in ment Federal Date or month r b es a e n r k v s e vault Total •1VNTa-(6-1 Time deposits r b e a se n r k v s e demand 1931 1,006 203 13,773 7,910 5,863 123 109 Jan. 7. 987 193 13,827 7,940 5,887 95 76 Jan. 14. 987 178 13,758 7,869 5,889 83 70 Jan. 21. 977 177 13,714 7,815 5,899 77 53 Jan. 28. 996 168 13,749 7,798 5,951 77 65 Feb. 4. 988 180 13,789 7,839 5,950 66 58 Feb. 11. 992 170 13,754 7,785 5,969 65 52 Feb. 18. 985 178 13,776 7,776 6,000 66 42 Feb. 25. 989 168 13,790 7,733 6,057 24 47 Mar. 4. 981 171 13,891 7,840 6,051 33 Mar. 11 993 163 13, 887 7,837 6,050 354 27 Mar. 18. 986 163 13,886 7,821 6,065 277 35 Mar. 25. 988 162 13,961 7,900 6,061 233 29 Apr. 1. 1,017 168 14,037 7,981 6,056 205 20 Apr. 8. 995 166 14,147 8,062 6,085 283 19 Apr. 15. 997 172 14,121 7,977 6,144 202 21 Apr. 22. 999 173 14,059 7,900 6,159 163 38 Apr. 29. 1,012 173 14,039 7,872 6,167 109 36 May 6. 1,006 178 14,026 7,897 6,129 91 22 May 13. 1,019 178 14,049 7,888 6,161 48 28 May 20. 980 178 13,955 7,807 6,148 29 29 May 27. 998 171 13,962 7,830 6,132 7 46 June 3. 1,016 193 13,931 7,823 6,108 7 59 June 10. 969 190 13,776 7,760 6,016 202 57 June 17. 962 189 13,652 7,675 5,977 201 63 June 24. 983 189 13,808 7,825 5,983 201 22 July 1. 1,005 188 13,812 7,818 5,994 176 40 July 8. 971 174 13,742 7,763 5,979 154 43 July 15. 969 176 13, 661 7,690 5,971 136 60 July 22. 973 178 13,636 7,644 5,992 124 55 July 29. 979 166 13, 632 7, 656 5,976 85 56 Aug. 5. 977 178 13, 653 7,679 5,974 48 56 Aug. 12. 978 188 13,536 7,591 5,945 29 90 Aug. 19. 976 183 13,447 7,538 5,909 27 86 Aug. 26. 996 174 13,432 7,536 5,896 27 99 Sept. 2. 973 187 13, 418 7,557 5,861 111 Sept. 9. 969 175 13, 262 7,468 5,794 292 113 Sept. 16. 951 198 12,981 7,235 5,746 283 143 Sept. 23. 936 193 12,926 7,224 5,702 261 152 Sept. 30. 936 210 12, 715 7,138 5,577 215 216 Oct. 7. 929 213 12, 605 7,103 5,502 195 293 Oct. 14. 909 204 12, 453 6,992 5,461 130 381 Oct. 21. 893 205 12, 334 6,905 5,429 112 406 Oct. 28. 881 203 12,322 6,930 5,392 89 411 Nov. 4. 860 201 12,288 6,934 5,354 62 390 Nov. 11. 877 190 12, 248 6,916 5,332 62 369 Nov. 18. 866 190 12,150 6,846 5,304 50 381 Nov. 25. 857 189 12,128 6,864 5,264 39 410 Dec. 2. 869 197 12, 057 6,815 5,242 4 416 Dec. 9. 869 207 11,986 6,792 5,194 289 392 Dec. 16. 821 224 11, 767 6,609 5,158 186 469 Dec. 23. 892 213 11, 779 6,660 5,119 186 396 Dec. 30. Monthly averages: 989 188 13, 769 7,884 5,885 95 77 January. 990 174 13,766 7,799 5,967 69 55 February. 987 166 13,864 7,808 6,056 164 35 March. 999 169 14,065 7,964 6,101 217 26 April. 1,004 177 14, 017 7,866 6,151 70 28 May. 987 186 13,831 7,773 6,058 104 56 June. 980 181 13, 732 7,748 5,984 158 44 July. 978 179 13, 567 7,616 5,951 47 72 August. 965 186 13,204 7,404 5,800 172 124 September. 916 208 12, 526 7,034 5,492 163 324 October. 871 196 12, 252 6,907 5,345 66 388 November. 862 206 11,943 6,748 5,195 HI 416 December. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
118 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 61.—REPORTING MEMBER BANKS—BANKERS' BALANCES, BY WEEKS: TOTAL, NEW YORK CITY, OTHER LEADING CITIES [In millions of dollars] Due to banks Due from banks 1931 Total New C i Y ty ork O in t g h e c r i l t e ie a s d- Total New York O in t g h e c r i l t e ie a s d- City Jan. 7... 3,597 1,288 2,309 1,596 92 1,504 Jan. 14.. 3,698 1,305 2,393 1,710 88 1,622 Jan.21._ 3,619 1,271 2, 348 1,681 82 1,599 Jan. 28.. 3,622 1,254 2,368 1,692 103 1,589 Feb. 4... 3,779 1,296 2,483 1,736 85 1, 651 Feb. 11.. 3,826 1,328 2,498 1,778 79 1,699 Feb. 18.. 3,807 1,308 2,499 1,782 101 1,681 Feb. 25- 3,777 1,276 2,501 1,848 106 1,742 Mar. 4.. 3,835 1,315 2,520 1,855 97 1,758 Mar. 11. 3,755 1,253 2,502 1,808 99 1,709 Mar. 18. 3,994 1,382 2,612 1,956 127 1,829 Mar. 25. 3,912 1,311 2,601 1, 866 116 1,750 Apr. 1.... 3,989 1,427 2,562 1, 769 125 1,644 Apr. 8... 3,907 1,254 2,653 1,776 95 1,681 Apr. 15... 3,898 1,262 2,636 1,804 117 1,687 Apr. 22.. 3,680 1,144 2, 536 1,686 108 1,578 Apr. 29.. 3,594 1,160 2,434 1, 603 95 1,508 May 6.... 3,712 1,208 2,504 1,649 90 1,559 May 13.. 3,848 1,314 2,534 1,839 94 1, 745 May 20.. 3,670 1,227 2,443 1,724 1,636 May 27.. 3,632 1,178 2,454 1,732 1,654 June 3 — 3,705 1,189 2,516 1, 718 100 1,618 June 10.. 3,698 1,203 2,495 1,793 122 1,671 June 17.. 3, 392 1,079 2,313 1,555 107 1,448 June 24_. 3,339 1,107 2,232 1, 523 107 1,416 July 1... 3,780 1,406 2,374 1,719 135 1,584 July 8... 3,719 1,321 2,398 1,702 96 1,606 July 15_- 3, 602 1,258 2,344 1,698 103 1,595 July 22_. 3,438 1,201 2,237 1,606 102 1,504 July 29- 3,368 1,180 2,188 1, 557 1,477 Aug. 5... 3,456 1,212 2,244 1, 546 1,466 Aug. 12.. 3,343 1,130 2,213 1,477 1,400 Aug. 19.. 3,219 1,102 2,117 1,426 1,354 Aug. 23.. 3,052 1,029 2,023 1,322 1,247 Sept. 2.. 3,192 1,107 2,085 1,374 1,288 Sept. 9_. 3,144 1,050 2,094 1,341 1,276 Sept. 16. 3,078 1,046 2,032 1,358 1,269 Sept. 23. 2,907 1,027 1,880 1,247 1,165 Sept. 30. 3,071 1,204 1,867 1,282 1,187 Oct. 7... 2,881 1,055 1,826 1,131 1,050 Oct. 14. 2,787 1,025 1,762 1,155 1,067 Oct. 21. 2,624 978 1,646 1,039 963 Oct. 28. 2,528 956 1,572 981 912 Nov. 4.. 2,654 983 1,671 1,043 Nov. 11. 2,626 967 1,659 1,057 Nov. 18. 2,543 887 1,656 1,020 Nov. 25- 2,452 879 1, 573 952 893 Dec. 2— 2, 513 1,633 922 Dec. 9._. 2,387 819 1,568 928 876 Dec. IB- 2,540 923 1,617 1,012 941 Dec. 23.. 2,385 864 1,521 882 Dec. 30.. 2,472 900 1,572 922 Back figures.—See Annual Reports for 1930 (Table 55), 1920 (Table 53), and 1928 (Table 56), and Federal Reserve Bulletin for March and January, 1929. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BROKERS' LOANS No, 62.—LOANS TO BROKERS AND DEALERS, SECURED BY STOCKS AND BONDS, MADE BY REPORTING MEMBER BANKS IN NEW YORK CITY, BY WEEKS [In millions of dollars] Demand and time loans Demand loans Time loans 1931 Total c o F o a w u o c- n n r t b t a o o F o n u w o f k t - r n - s1 ot F h o e r rs Total c o F o a w u o c- n r n t b t a o o F o n u w o f k t - r n - s1 ot F h o e r rs Total c o o F a w u o c n - n r t b t a o o F o n u w o f k t - r - n s1 ot F h o e r rs Jan. 7 1,879 1,206 315 358 1,422 826 286 310 457 380 30 48 Jan.14 1,820 1,132 343 344 1,374 767 314 294 445 366 29 51 Jan. 21 1,757 1,101 .330 326 1,312 732 301 280 445 370 30 46 Jan.28 1,734 1,089 328 317 1,303 727 300 276 431 362 28 41 Feb. 4 1,716 1,099 318 299 1,294 736 294 265 422 363 24 34 Feb.11 . .. 1,749 1,147 315 287 1, 335 790 291 253 414 357 24 33 Feb. 18 1,772 1,229 267 276 1,365 872 249 243 407 357 18 33 Feb. 25 1,798 1,267 260 271 1,390 907 243 240 408 360 17 31 Mar. 4 1,790 1,316 210 264 1,392 964 195 233 398 352 15 31 Mar. 11 1,819 1,236 293 290 1,411 872 278 261 408 364 15 29 Mar. 18 1,913 1,373 294 246 1,502 1, 005 278 219 411 368 16 27 Mar. 25 1,908 1,414 260 234 1,517 1,063 245 209 391 351 15 25 Apr. 1 1,875 1,391 258 226 1,506 1, 062 243 201 369 329 15 25 Apr. 8 . . -.- 1,822 1,277 300 245 1,453 946 286 221 369 331 14 24 Apr. 15 1,849 1,324 286 239 1,487 998 271 217 362 326 15 22 Apr. 22 1,844 1,350 270 224 1,489 1,025 259 205 355 325 11 19 Apr. 29 . 1,730 1,268 243 219 1,382 951 229 201 348 317 14 18 May 6 1,699 1.293 213 193 1,353 977 200 176 346 316 13 17 May 13 1,671 1,360 159 152 1, 337 1,054 146 137 334 306 13 15 May 20-.. 1,631 1, 270 185 176 1,292 953 178 161 339 317 8 14 Mav 27 1,574 1,191 207 176 1,234 872 200 162 340 319 6 15 June 3 _ 1,539 1,169 199 171 1,190 841 192 157 349 328 7 14 June 10 1,490 1,135 177 178 1,128 794 171 164 362 341 6 14 June 17 1,419 1,070 177 172 1,060 728 171 161 359 342 6 11 June 24 ._ 1,406 1,065 170 171 1,032 706 166 160 374 359 4 11 July 1 1,479 1,129 181 169 1,098 763 177 158 381 366 4 11 JulyS 1,455 1,090 194 171 1,072 722 190 161 383 368 4 10 July 15 1,430 1,055 209 166 1,028 663 205 160 402 392 4 6 July 22 1,416 1,033 215 168 1,001 631 210 160 415 402 5 8 July 29. 1,390 1,002 219 169 976 601 214 161 414 401 5 8 Aug. 5 1,346 960 222 164 938 563 217 158 408 397 5 6 Aug. 12 1 329 936 230 163 921 538 225 158 408 398 5 5 Aug. 19 1,343 950 228 165 945 563 222 160 398 387 6 5 Aug. 26 1,349 960 223 166 953 575 218 160 396 385 5 6 Sept. 2 1,366 983 220 163 977 602 215 160 389 381 5 3 Sept. 9 1,325 949 215 161 935 568 209 158 390 381 6 3 Sept. 16 1,271 913 203 155 904 554 198 152 367 359 5 3 Sept. 23 . _ . J, 207 921 145 141 853 572 142 139 354 349 3 2 Sept. 30 1,172 948 87 137 835 615 85 134 337 333 2 3 Oct. 7 1,001 798 77 126 682 485 75 123 319 313 2 3 Oct. 14 928 699 85 144 644 420 84 140 284 279 1 4 Oct. 21 ... 884 603 102 179 614 337 100 176 270 266 2 3 Oct. 28 869 594 97 178 606 337 95 174 263 257 2 4 Nov. 4 849 583 97 169 594 333 95 166 255 250 2 3 Nov. 11 831 553 116 162 594 322 113 158 237 231 3 4 Nob. 18 2 775 623 140 2 12 560 415 137 28 215 208 3 24 Nov. 25 751 591 141 19 550 396 139 15 201 195 2 4 Dec. 2 720 567 132 21 532 385 130 17 188 182 2 4 Dec. 9 690 552 117 21 515 S83 115 17 175 169 2 4 Dec. 16 662 555 98 9 500 399 96 5 162 156 2 4 Dec. 23 611 553 51 7 451 399 49 3 160 154 2 4 Dec. 30 591 544 41 6 442 400 39 3 149 144 2 3 Averages: January 1,798 1,132 329 337 1,353 763 300 290 445 369 29 47 February 1, 759 1,186 290 283 1,346 827 269 250 413 359 21 33 March 1,858 1,335 264 259 1,456 976 249 231 402 359 15 28 April 1,824 1, 322 271 231 1, 463 996 258 209 361 325 14 22 May 1,644 1, 279 191 174 1,304 964 181 159 340 315 10 15 June 1,464 1,110 181 173 1,103 767 175 161 361 343 6 12 July 1,434 1,062 204 168 1, 035 676 199 160 399 386 4 9 August 1,342 951 226 165 939 560 220 159 403 392 5 6 September... 1, 268 943 174 151 901 582 170 149 367 361 4 3 October 921 674 90 157 637 395 89 153 284 279 2 3 November. _. 802 588 124 90 575 367 121 87 227 221 2 4 December... 655 554 88 13 488 393 86 9 167 161 2 4 1 Member and nonmember banks outside New York City (domestic banks only); includes unknown amount for customers of these banks. 2 New clearing-house rule relating to "Loans for account of others" became effective Nov. 16, 1931. For explanation see Federal Reserve Bulletin for December, 1931, p. 657. Back figures—See Annual Reports for 1930 (Table 56), 1929 (Table 54), 1928 (Table 57), and 1927 (Table 46). 125554r-32 9 119 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
120 ANNUAL. REPORT OF THE FEDERAL RESERVE BOARD No. 63.—BROKERS' BORROWINGS, 1927-1931 [Net borrowings on collateral in New York City as reported by members of the New York Stock Exchange] [In millions of dollars] On demand and on time On demand On time Date Total b F Y N t a a r r o u n e n o r d s w k m k t s b b p b f a F r o r a o n r i r n e v k o k i k a e m g in s t r n e s , g , Total b F Y t N a r a r o u n e o n r s d w k m k t s b b p b f a F o r r a o n i r r n v e k o k i k a e m g in t s r n e s , g , Total b F Y t N c a r r o n o u e o m k r s w m k t s - , b p b f F o a r a i r r n n v e o k i k a m g i t s n n e , g com- agen- com- agen- agencies, etc. panies cies, etc. etc. cies, etc. 1927 Jan. 31 3,139 2,670 469 2,328 1,964 365 810 707 104 Feb. 28 3,256 2,757 499 2,475 2,085 391 781 673 108 Mar. SI 3,290 2,790 500 2,505 2,112 393 785 679 107 Apr. 30 3,341 2,865 476 2,541 2,146 395 800 719 81 May 31 3,458 2,968 490 2,674 2,254 420 784 713 70 June 30 3,569 3,065 504 2,757 2,316 441 812 749 63 July 30 3,642 3,145 497 2,765 2,343 421 877 802 76 Aug. 31 3,674 3,170 504 2,746 2,330 415 928 840 89 Sept. 30 3,915 3,340 575 3,018 2,539 479 897 801 96 Oct. 31 '.-' 3,363 583 3,023 2,549 475 923 814 108 Nov. 30 4,092 3,519 573 3,134 2,675 459 958 844 113 Dec. 31 4,433 3,812 621 3,481 2,963 518 952 849 103 1928 Jan. 31 4,420 3,805 615 2,882 511 1,027 923 104 Feb. 29 4,323 3,737 585 3,294 2,807 488 1,028 931 98 Mar. 31 4,640 3,947 693 3,580 3,016 564 1,060 931 129 Apr. 30 4,908 4,246 662 3,739 3,201 537 1,169 1,045 124 May 31 5,274 4,568 707 4,070 3,455 616 1,204 1,113 91 June 30 4,898 4,169 730 3,742 3,122 619 1,157 1,046 110 July 31 4,837 4,150 687 3,768 3,183 585 1,070 967 102 Aug. 31 5,051 4,260 791 4,094 3,420 674 958 840 117 Sept. 29 5,514 4,647 866 4,690 751 824 709 116 Oct. 31 5,880 4,994 886 5,116 4,360 756 764 634 130 Nov. 30 6,392 5,412 979 5,614 4,771 843 777 641 136 Dec. 31 6,440 5,401 1,039 5,722 4,810 913 717 591 126 1929 Jan. 31 6,735 5,664 1,071 5,983 5,043 752 621 132 Feb. 28 6,679 5,619 1,060 5,948 5,034 914 730 584 146 Mar. 30 6,804 5,713 1,091 6,210 5,231 979 594 482 112 Apr. 30 6,775 5,580 1,194 6,204 5,154 1,050 571 427 144 May 31 6,665 5,482 1,183 6,100 5,061 1,039 565 422 144 June 29 7,071 5,797 1,275 6,444 5,333 1,111 627 464 163 July 31 7,474 6,154 1,320 6,870 5,705 1,165 604 449 15P Aug. 31 7,882 6,492 1,390 7,162 5,962 1,200 720 530 190 Sept. 30 8,549 7,077 1,472 7,832 6,543 1,289 717 534 183 Oct. 31 6,109 5,313 796 5,238 4.639 599 871 674 197 Nov. 30 4,017 3,432 585 3,297 2,873 424 719 559 161 Dec. 31 3,990 3,370 620 3,376 2,883 494 613 487 126 1930 Jan. 31. 3,985 616 3,528 3,007 521 457 361 95 Feb. 28.. 4,168 3,529 639 3,711 3,162 548 457 367 90 Mar. 31., 4,656 4,026 631 4,052 3,519 533 604 506 98 Apr. 30.. 5,063 4,409 654 4. 363 3,819 543 700 590 111 May 31.. 4,748 4,139 609 3,967 3,464 503 781 675 106 June 30, _ 3,728 3,201 627 2,521 459 747 680 67 July 31.. 3,227 462 3,021 2,607 414 620 48 Aug. 30.. 3,599 3,109 489 2,913 2.481 431 628 58 Sept. 30-. 3,481 3,057 425 2,830 2,451 380 651 606 45 Oct. 31-.. 2,556 2,299 257 1,987 1,770 217 569 530 40 Nov. 559.. 2,162 1,929 234 1,691 1,481 210 471 447 24 Dec. 31.. 1,894 1,694 199 1,519 1,340 179 374 354 20 1931 Jan. 31. 1,720 1,557 163 1,366 1,223 143 354 334 20 Feb. 28- 1,840 1,646 194 1,505 1,334 171 335 312 23 Mar. 31.. 1,909 1,692 217 1,630 1,425 204 279 267 12 Apr. 30.- 1,651 1,466 185 1,389 1,221 168 262 245 17 May 29_. 1,435 1,293 141 1,173 1,045 128 261 248 13 June 30.. 1,391 1,221 170 1,102 946 156 289 276 13 July 31.. 1,344 1,171 173 1,041 879 162 303 292 11 Aug. 31_. 1,354 1,160 194 1,069 885 184 285 275 10 Sept. 30. 1,044 112 802 698 104 242 234 Oct. 31— 796 108 616 512 103 181 176 Nov. 30.. 730 582 148 600 458 142 130 124 Dec. 31_. 587 455 132 502 374 128 85 81 Back figures.—See Annual Report for 1927 (Table 47) for figures for 1918-1922; figures for 1923-1925 not available. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BROKERS LOANS 121 No. 64.—MEMBER BANK LOANS ON SECURITIES TO BROKERS (AND DEALERS IN SECURITIES) IN NEW YORK CITY, 1928-1931 In millions of dollars' Total- Member Member banks outside New York City All banks in Call date m b e a m nk b s er C Y N i o e ty w rk * Total I c n a g C o h 1 i- I r n e c s i o t e i t r e h v s e e r O re c u s it t e i s r e i v s d e e 1928—Oct 3 - - 1,899 880 1,019 119 522 378 Dec. 31 2,556 1,639 917 75 465 376 1929—Mar 27 - 1,879 1,102 777 18 405 354 June 29 2,025 1,359 666 48 302 316 Oct 4 1,885 1,096 789 59 354 376 Dec. 31 „ 1,660 1,202 459 11 239 208 1930—Mar. 27 2,344 1,477 868 140 469 258 June 30 2,365 1,883 482 99 253 129 Sept 24 2,472 1,714 757 233 409 115 Dec. 31 1,498 1,281 217 45 123 49 1931—Mar. 25 1,630 1,367 263 111 116 36 June 30 _ 1,217 1,063 154 51 73 30 Sept. 29 928 839 88 27 29 32 Dec. 31 575 542 32 3 14 16 1 Central reserve city banks only. Back figures.—Not available. No. 65.—MEMBER BANK LOANS ON SECURITIES TO BROKERS (AND DEALERS IN SECURITIES) OUTSIDE NEW YORK CITY, 1928-1931 [In millions of dollars] Member banks outside New York City Total— Member All mem- banks in Call date ber New In other Outside banks C Yo it r y k i Total In c ag C o h i i- re c s it e i r e v s e re c s it e i r e v s e 1928—Oct. 3._. 850 45 435 117 Dec. 31. 975 50 925 509 107 1929—Mar. 27. 1,014 52 962 311 538 114 June 29. 921 63 858 242 511 105 Oct. 4... 939 46 893 257 510 125 Dec. 31. 55 748 240 425 83 1930—Mar. 27. 706 60 646 194 360 June 30. 819 68 750 229 431 90 Sept. 24. 774 86 687 239 360 Dec. 31. 675 104 571 201 312 1931—Mar. 25. 575 121 454 159 231 64 June 30. 515 127 388 133 208 47 Sept. 29. 521 116 405 157 205 43 Dec. 31. 391 87 304 124 152 28 1 Central reserve city banks only. Back figures.—Not available. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
122 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD BANKERS' ACCEPTANCES AND COMMERCIAL PAPER OUTSTANDING No. 66.—BANKERS7 ACCEPTANCES AND COMMERCIAL PAPER OUTSTANDING, 1925-1931 [In millions of dollars] Bankers' acceptances outstanding i Commercial paper outstanding s End of month 1925 1926 1927 1928 1929 1930 1931 1925 1926 1927 1928 1929 1930 1931 January 835 788 774 1,058 1,279 1, 1,520 327 February 767 785 1,056 1,228 1,624 1,520 315 March 800 746 809 1,085 1,205 i 1,539 1,467 311 April 757 721 811 1,071 1,111 | 1,414 1,422 663 307 May 685 775 1,041 1,107 1,382 1,413 305 June 622 751 1,026 1,113 1, 305 1,368 292 July.... 600 741 978 1,127 1,350 1,228 289 August- .- 555 583 782 952 1,201 i 1,339 1,090 271 September -. 607 614 864 1,004 1,272 J 1,367 996 248 October 674 682 975 1,123 1,541 I 1,508 1,040 210 November 726 1,029 1,200 1,658 | 1,571 1,002 174 December- 774 755 1,081 1,284 1,732 1,556 974 621 118 i Figures collected and compiled by American Acceptance Council. 1 Paper maturing within 7 months. Figures reported by about 25 dealers to the Federal Reserve Bank of New York. « Corrected. Back figures.—Bankers' acceptances outstanding—figures for earlier years as follows: March, 1922, $416,000,000; March, 1923, $524,000,000; March, 1924, $618,000,000; December, 1924, $821,000,000. Commercial paper outstanding, see Annual Report for 1930 (Table 60). No. 67.—DOLLAR BANKERS' ACCEPTANCES OUTSTANDING, BY CLASSES l [In thousands of dollars] Based on— Based on goods stored in Goods foreign End of month Total I U m S i n t n p a i t o t t o e e r s d ts E U S f x n r t p o a i o m t te e r s d ts in s ( S h U w t o t o a n a u r t r e i s e e t e d s e - d d b s o p h G e m o t i o p w i e o n p e s d t e e t s s d i n c ex D c o h l a l n a g r e c b s f o h e o u t i r w p n o ei r p t e g r e e i n d e n s credits) points 1931 January __. 1,520,190 214,000 400,129 34,897 257,493 65,042 548,628 February..- 1,519,857 211,796 398,389 33,838 260,839 71,330 543,665 March 1,466,737 212,334 389, 568 36,798 245,667 62, 221 520,148 April 1,422,022 211,064 360,283 32,892 238,141 73,107 506, 533 May 1,412, 515 207,479 361,161 28,248 235, 669 75,170 504,788 June 1, 368,373 202,369 348,946 29,415 224, 783 69,217 493, 644 July 1,228,202 185,830 329,832 35,108 202,392 51, 748 423, 293 August 1,090,400 177,945 276,048 27,555 174,529 42,988 391,335 September 996,365 173,682 257,396 27,690 162,478 36, 714 October 1,039,785 172,954 260, 911 23,675 213,870 37,891 330,483 November 1,002,305 158,058 254,101 18,483 239, 230 34, 067 298,365 December 974,059 158,500 221, 619 15,559 251,346 30,858 296,177 i Figures collected and compiled by American Acceptance Council. Back figures— See Annual Reports for 1930 (Table 61), 1929 (Table 57), 1928 (Table 60), and 1927 (Table 49). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BANKERS BALANCE 123 No. 68,—DOLLAR BANKERS1 ACCEPTANCES HELD BY GROUP OF ACCEPTING BANKS, 1925-1931 [In thousands of dollars] End of month 1925 1926 1927 1928 1929 1930 1931 January 222,265 118,956 54,987 79,968 79,246 220,467 571, 404 February.. 185,752 127,580 166,485 90,090 89,050 182,930 549, 548 March 192,994 132,104 104,484 99,058 117,430 166, 663 472, 246 April 186,221 137,144 86, 976 56,397 95,129 157, 527 410, 249 May 154,650 107,389 94, 561 58,183 87,396 165,611 464,163 June. 124,606 66,817 88,947 71,289 84,284 205,110 553, 519 July 116,338 57,630 86, 412 52,642 90,032 278,642 668,034 August 93, 539 63, 644 132,890 50,331 82,378 267, 337 606, 469 September 88,878 47,634 103, 592 53,187 70,768 316, 678 409,895 October... 103,643 '56,214 118,167 43, 711 129,413 384,173 230, 407 November. 85,037 64, 444 116,913 50, 345 244,463 493, 002 296,161 December. 92, 519 77,007 104,999 75,842 191, 061 371,452 262, 092 NOTE.—Banks included are those which report to the American Acceptance Council; figures include both own acceptances held and purchased acceptances held. No. 69.—PURCHASED ACCEPTANCES HELD BY MEMBER BANKS ON CALL DATES [In thousands of dollars] Member Member banks outside New York City Total—all banks in Call date member New In other Outside banks C Y i o ty rk i Total In c a C go h 1 i- re c s it e i r e v s e re c s it e i r e v s e 1928—Oct 3 180,977 104,418 76,559 3,174 32,499 40,886 Dec. 31 212,170 122,422 89,748 2,196 49,449 38,103 1929—Mar. 27 238,455 110,819 127,636 12,471 62,905 52,260 June 29 . ... _ 197,994 115,570 82,424 4,203 38,176 40,045 Oct 4 162,668 91, 746 70,922 5,002 33, 551 32, 369 Dec. 31 . 291,527 173, 730 117, 797 13,877 66, 596 37, 324 1930-Mar. 27. . .. 253, 728 129, 379 124,349 13,998 79,538 30,813 June 30 241,106 172,883 68,223 20, 728 35,464 12, 031 Sept. 24 267,366 175, 792 91, 574 20, 250 64,144 7,180 Dec. 31 -. 369, 747 210,497 159, 250 31, 558 119, 714 7,978 1931—Mar. 25 462,089 249, 281 212, 808 39,030 166, 777 7,001 June 30 501, 291 339, 525 161, 766 44,833 113,089 3,844 Sept. 29 338,463 233, 514 104,949 25,105 76,934 2,910 Dec. 31 187,013 124,100 62, 913 12,229 44,337 6,347 1 Central reserve city banks only. NOTE.—Purchased acceptances only—i. e., exclusive of own acceptances held, which are reported in "all other" loans (see Table 53). No. 70.—DISTRIBUTION OF DOLLAR BANKERS' ACCEPTANCES OUTSTANDING [In thousands of dollars] HeldbyFederalreserv End of month (1931) T s o ta t n al d i o n u g t- For own e F ig o n r f c o o r r - - Bills H o e t l h d e b rs y Total account1 respond- Own bills bought ents 2 January 1,520,190 536,709 89,265 447,444 133,955 437,449 412,077 February. _. 1,519,857 541,053 85,015 456,038 151,356 398,192 429,256 March 1,466,737 554,019 123,240 430,779 130,934 341,312 440,472 April 1,422,022 570,494 161,578 408,916 124,983 285,266 441,279 May... 1,412,515 504,558 124,380 380,178 171,398 292, 765 443,794 June 1,368,373 435,796 94,951, 340,845 196,165 357,354 379,058 July 1,228,202 281,955 38,981 242,974 231,687 436,347 278,213 August 1,090,400 70, 111 227,988 167,991 438,478 185,832 September.. 519,841 419,723 100,118 161,568 248,327 66,629 October 1,039,785 746,596 647,263 99,333 112,330 118,077 62,782 November- 1,002,305 544,715 418,326 126,389 124,725 171,436 161,429 December.. 974,059 555,879 305,258 250,621 131,020 131,072 156,088 1 Reserve bank holdings of "bills bought," exclusive of (1) trade acceptances and (2) bills payable in foreign currencies. 2 Contingent liability of Federal reserve banks on bills bought for foreign correspondents. Back figures—See Annual Reports for 1930 (Table 64), 1929 (Table 58), and 1928 (Table 61). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
124 ANNUAL REPORT OF THE FEDERAL, RESERVE BOARD BANK DEBITS No, 71.—DEBITS TO INDIVIDUAL ACCOUNTS, BY BANKS IN 141 PRINCIPAL CITIES, BY MONTHS, 1922-1931. [In millions of dollars] Month 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 TOTAL, 141 CITIES January 34,944 41, 753 41,498 49, 982 54,145 54,714 62, 885 82,814 60, 423 46, 253 February-. 30,585 35,925 37, 398 41, 517 44,915 48, 220 54,493 70,777 52, 625 38,031 March 36,932 42,185 40, 739 47, 623 56,464 58,518 70, 633 83,524 65, 723 47, 011 April 39, 294 39, 519 44, 558 51,837 55, 583 67, 003 74,750 62,946 46,440 May 37,976 40, 072 40, 044 46, 596 48, 020 54,143 71, 616 76,535 61,811 43,930 June 39, 236 40, 574 40, 230 48, 631 50, 662 56, 820 72, 485 69,666 62, 312 45, 299 July _.-. 36, 056 36, 504 40,131 47, 037 50, 959 53, 682 58, 981 77,631 52, 744 39, 451 August 34,136 33,496 38, 692 43,134 47, 011 53, 702 58, 504 77,344 45, 993 34,027 September. 35. 768 34, 060 38, 972 45, 264 46, 954 56, 750 63,176 77,617 48,636 36, 700 October 40, 745 38, 911 43,418 52, 955 52, 535 59, 201 72, 894 95,527 54,460 38, 802 November. 36,160 38, 504 41, 893 48, 367 47, 384 57,085 71, 349 82,090 42,176 29,069 December.. 40,437 42,448 49,157 54, 399 57, 070 65, 441 82, 386 66, 752 52,107 36, 345 Total.... 439, 364 463,726 ! 491,691 570, 064 607,956 673, 861 806, 405 935,027 661, S57 481,357 140 CITIES (EXCLUDING NEW YORK CITY) January 15,879 19, 666 19, 384 22, 301 23, 607 23,456 25,001 28,095 25, 691 21, 697 February. _ 14,042 16, 906 17, 512 18, 593 20,102 20, 781 21, 753 24,489 21, 508 17, 084 March 16, 535 19, 644 19,193 21, 240 23,458 24, 026 25, 847 28,099 24, 983 19, 421 April 15, 671 18, 816 18, 865 20, 613 22, 537 23, 576 25, 225 26,770 24,315 19, 620 May.. 16,322 19, 368 18, 639 20,417 21, 449 22,873 26, 346 26,492 24,388 18,858 June.. 17,173 19, 532 18, 304 21, 702 22, 466 23, 812 27, 029 26,404 24,621 19, 406 July... 16, 343 18,184 18, 662 21, 580 23, 300 22, 932 23, 897 28,416 23,145 18, 444 August 15, 849 17, 307 17, 776 19, 869 20, 778 22, 048 23,401 28,310 20, 941 16, 526 September. 16, 553 17, 261 18, 238 20, 895 21, 336 23, 381 24,450 27,274 21, 253 16, 627 October— 18,423 19, 759 20, 912 24, 039 23. 780 25, 111 27, 705 32,202 23, 679 18,125 November . 17,133 18, 521 18, 846 21, 357 21,593 23,803 25, 880 28,486 19,686 14, 605 December.. 19, 586 20, 367 21, 830 24, 085 24,493 26, 503 20, 659 26,902 23,107 17,112 Total 199,509 225,330 228,161 256, 691 268,900 282, 303 306,193 331,938 277, 317 217, 523 Back figures.—See Annual Report for 1925 (Table 100); series begins with 1919. Corresponding figures for each Federal reserve district and for each reporting center are available in mimeographed form beginning with 1919 and may be had upon request. NOTE.—Figures represent debits on the books of reporting banks to accounts of individuals, firms, and corporations, and of the United States Government, including war loan deposit accounts, also debits to savings accounts, payments from trust accounts, and certificates of deposits paid. Figures do not include debits to the accounts of other banks or in settlement of clearing-house balances, payment of cashiers' checks, charges to expense and miscellaneous accounts, corrections, and similar charges. Monthly figures are derived from weekly reports, the figures for weeks which do not fall entirely within a single calendar month being prorated. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 125 BANK SUSPENSIONS No. 72.—BANKS SUSPENDED AND REOPENED, BY YEAKS, 1921-1931 [Banks closed on account of financial difficulties by order of supervisory authorities or by the directors of the bank. Figures of suspensions include banks subsequently reopened] Banks suspended Banks reopened Class of bank and year Number Capital Deposits Number Capital Deposits All banks: 1921 . 501 $22,802, 000 $196, 460,000 60 $1, 918,000 $17, 493,000 1922 354 13, 743,000 110, 721,000 65 4, 003,000 35,565,000 1923 648 21, 943, 000 188, 701, 000 37 1,516,000 11,674, 000 1924 776 28, 358,000 213, 338, 000 94 2, 815, 000 22, 462, 000 1925 612 24,441,000 172, 900, 000 62 1, 994,000 16, 618,000 1926 956 32, 804, 000 272, 488, 000 149 5,134, 000 60,610, 000 1927 662 24, 763, 000 193, 891, 000 95 3, 906, 000 35, 729, 000 1928 491 19, 715, 000 138, 642, 000 39 1, 540, 000 15, 727, 000 1929 642 32, 254, 000 234, 532, 000 58 3, 052, 000 25,829, 000 1930 .. .--_- -. 1,345 111, 643, 000 864, 715, 000 147 6, 802, 000 61, 599, 000 1931 2,298 208,120, 000 1, 691, 510, 000 276 19,102, 000 158,187, 000 Total 9,285 540, 586, 000 4,277, 898, 000 1,082 51, 782, 000 461, 493, 000 Member banks: 1921 70 5, 369, 000 42, 503, 000 10 475, 000 3,132, 000 1922 57 3, 956, 000 24, 243, 000 24 1, 580, 000 11, 618, 000 1923 ._ 124 6, 845, 000 51, 228, 000 14 685,000 5,068, 000 1924 159 10, 305, 000 74, 469, 000 20 860, 000 7,190, 000 1925 .- 146 9, 920, 000 67, 264, 000 14 800, 000 6, 779, 000 1926 160 8, 569, 000 68, 812, 000 14 710, 000 8,179, 000 1927 _ 124 8, 034, 000 66, 336, 000 11 845, 000 8, 311,000 1928 73 5, 175, 000 42, 240, 000 5 325, 000 6, 610, 000 1929 81 7,125, 000 57,135, 000 5 285, 000 2, 273, 000 1930 187 50, 410, 000 380, 440, 000 7 450, 000 3,538, 000 1931 517 83, 861, 000 733, 528, 000 31 7, 215, 000 53, 944, 000 Total 1,698 199, 569, 000 1, 608,198, 000 155 14, 230, 000 116, 642, 000 National banks— 1921 51 3, 060, 000 21,285, 000 325, 000 2,499, 000 1922 45 3, 335, 000 19, 092, 000 22 1, 330, 000 8, 076, 000 1923 90 4, 610, 000 32, 904, 000 11 570, 000 3, 973, 000 1924 122 7, 660, 000 60, 889, 000 18 785, 000 6, 895, 000 1925 118 7, 970, 000 58, 537, 000 11 700, 000 6, 300, 000 1926 125 6, 020, 000 47, 866, 000 10 490, 000 4, 665, 000 1927 91 5, 415, 000 46, 581, 000 8 485,000 5, 073, 000 1928 57 4, 200, 000 31, 619, 000 2 75,000 417,000 1929 64 5, 095, 000 37, 007, 000 3 160, 000 1, 607,000 1930 161 19, 675, 000 173, 290, 000 5 310, 000 1, 872, 000 1931 409 49, 347, 000 439,171, 000 25 3,165, 000 26,182, 000 Total 1,333 116, 387, 000 968, 241, 000 123 8, 395, 000 67, 559, 000 State banks— 1921 19 2, 309, 000 21, 218, 000 150, 000 633, 000 1922 12 621, 000 5,151, 000 2 250, 000 3,542, 000 1923 . 34 2, 235, 000 18, 324, 000 3 115,000 1, 095, 000 1924 37 2, 645, 000 13, 580, 000 2 1 75.000 295, 000 1925 28 1, 950, 000 8, 727, 000 3 100, 000 479, 000 1926 35 2, 549, 000 20, 946, 000 4 220, 000 3, 514, 000 1927 33 2, 619, 000 19, 755, 000 3 360, 000 3, 238,000 1928 16 975, 000 10, 621, 000 250, 000 6,193, 000 1929 17 2, 030, 000 20,128, 000 2 125, 000 666, 000 1930 26 30, 735, 000 207,150, 000 2 140, 000 1, 666, 000 1931 ._ ._. 108 34, 514, 000 294, 357, 000 6 4, 050,000 27, 762, 000 Total 365 83,182, 000 639, 957, 000 32 5,835, 000 49, 083, 000 Nonmember banks: 1921 431 17, 433, 000 153, 957, 000 50 1, 443, 000 14, 361, 000 1922 297 9, 787, 000 86, 478, 000 41 2,423, 000 23, 947, 000 1923 524 15, 098, 000 137, 473, 000 23 831, 000 6, 606, 000 1924 617 18, 053, 000 138, 869, 000 74 1, 955, 000 15, 272, 000 1925 466 14, 521, 000 105, 636, 000 48 1,194, 000 9, 839, 000 1926 796 24,235, 000 203, 676, 000 135 4, 424, 000 52, 431, 000 1927 538 16, 729, 000 127, 555, 000 84 3, 061, 000 27, 418, 000 1928 418 14, 540, 000 96, 402, 000 34 1, 215, 000 9, 117, 000 1929 . . 561 25,129, 000 177, 397, 000 53 2, 767, 000 23, 556, 000 1930 1,158 61,233, 000 484, 275, 000 140 6, 352, 000 58, 061, 000 1931 1,781 124,259, 000 957,982, 000 245 11, 887,000 104,243, 000 Total 7,587 341, 017, 000 2, 669, 700, 000 927 37, 552, 000 344,851, 000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
126 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 73.—BANK SUSPENSIONS, BY MONTHS, 1927-1931 [Amounts in thousands of dollars] Member banks All banks Nonmember baoks Total National State Month Num- De- Num- De- Num De- Num- De- Num- Deber posits ber posits ber posits ber posits ber posits 1927 January 133 32,038 27 11,555 18 5,662 9 5,893 106 20, 483 February 81 25,157 16 8,744 14 7,566 2 1,178 65 16, 413 March __ 75 31, 222 16 7,700 11 5,501 5 2,199 59 23, 522 April 49 11, 750 10 5,462 6 3,769 4 1,693 39 6,288 May 47 13,198 11 6,434 8 5,564 3 870 36 6,764 June. __ __ __ 41 10, 784 9 5,521 8 1,932 1 3,589 32 5, 263 Julv 37 12, 162 2 2,638 2 2,638 • 35 9,524 August 27 17,364 5 8,881 4 8, 670 1 211 22 8,483 September 36 8,988 6 1,257 2 504 4 753 30 7,731 October _ 44 11, 542 9 3,729 7 2,101 2 1,628 35 7,813 November 43 11,210 6 3,105 5 1,413 1 1,692 37 8,105 December 49 8,476 7 1,310 6 1,261 1 49 42 7,166 1928 January 53 10, 983 8 2,552 7 1,736 1 816 45 8,431 Februar y 50 18, 352 11 9,373 7 3, 162 4 6,211 39 8,979 March 66 16, 953 9 3,026 6 1,783 3 1,243 57 13, 927 ApriL 43 8,190 6 2,446 5 2,294 1 152 37 5, 744 May 29 6,394 5 1,927 5 1,927 24 4,467 June 28 ] 3, 496 2 1,819 1 1,620 1 199 26 11, 677 July__ __ 24 5,368 2 413 1 174 1 239 22 4,955 August 21 6,147 4 1,944 4 1,944 17 4,203 September 20 7,888 4 2,997 3 2,430 1 567 16 4,891 October 41 9,011 3 803 2 320 1 483 38 8,208 November _._ 72 24, 784 9 11,021 8 10, 609 1 412 63 13, 763 December .. 44 11, 076 10 3,919 8 3,620 2 299 34 7,157 1929 January 54 16, 413 6 8,963 4 8,461 2 502 48 7,450 February 60 21, 746 14 3,922 12 3,419 2 503 46 17, 824 March 51 9,002 8 2,045 7 1,865 1 180 43 6,957 April. 29 7,790 4 1,681 3 1,654 1 27 25 6,109 May. 112 24, 090 7 4,458 6 3,835 1 623 105 19, 632 June . 48 19, 219 7 2,661 6 2,335 1 326 41 16, 558 Julv 69 66, 161 11 21, 935 9 7,803 2 14,132 58 44, 226 August ._ 17 8,532 3 879 2 284 1 595 14 7,653 September 39 10, 050 3 1,269 3 1,269 36 8,781 October 43 13, 153 5 4,067 4 3,781 1 286 38 9,086 November 68 22, 646 4 2,226 1 353 3 1,873 64 20, 420 December 52 15,730 9 3,029 1,948 2 1,081 43 12, 701 1930 January 99 28, 903 13 8,491 9 3,216 4 5, 275 86 20. 412 February 85 32, 800 18 14, 236 17 14,186 1 50 67 18, 564 March _ . 76 23, 769 10 8,283 9 7,757 1 526 66 15, 486 April 96 33, 388 7 3,322 5 2,911 2 411 89 30,066 May 55 19,315 3 2,220 3 2,220 52 17, 095 June 66 70, 566 10 16, 904 9 16, 439 1 465 56 53, 662 July 65 32, 333 9 11, 155 9 11,155 56 21,178 August 67 21, 951 9 3,561 8 3,044 1 517 58 18,390 September 66 23, 666 9 1,940 7 1,769 2 171 57 21, 726 October 72 24 599 10 3 336 10 3,336 62 21,263 November 254 186, 306 33 98,115 26 62, 373 7 35, 742 221 88,191 December 344 367,119 56 208, 877 49 44, 884 7 163, 993 288 158, 242 1931 January 202 76, 553 26 22,184 20 14,569 6 7,615 176 54, 369 February _ 77 34, 616 20 13, 723 15 5, 822 5 7,901 57 20,893 March 86 34, 320 19 11,007 18 10, 899 1 108 67 23, 313 April... 64 41, 683 20 21, 762 17 19, 498 3 2,264 44 19,921 May 91 43,210 26 17, 375 24 12, 320 2 5,055 65 25,835 June 167 190, 480 36 70, 802 26 31, 368 10 39, 434 131 119,678 July 93 40, 745 18 8,850 16 7,045 2 1,805 75 31,895 August 158 180, 028 41 84, 289 29 31, 629 12 52, 660 117 95, 739 September 305 233, 505 62 109, 718 46 79, 446 16 30, 272 243 123, 787 October 522 471, 380 125 228, 347 100 111,088 25 117, 259 397 243,033 November 175 67, 939 43 32, 255 35 28,039 8 4,216 132 35, 684 December 358 277,051 81 113,216 63 87,448 18 25, 768 277 163,835 Digitized for FRASER Back figures.—See Annual Report for 1928 (Table 64). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
127 BANK SUSPENSIONS No. 74.—BANK SUSPENSIONS: NUMBER, CLASSIFIED ACCORDING TO CAPITAL STOCK Banks having capital 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 Total stock of— All banks: Less than $25,000 194 117 295 319 234 384 247 191 223 466 548 3,218 $25,000 104 85 151 191 135 230 165 106 143 296 513 2,119 $25,100 to $49,000 31 39 49 55 46 100 60 38 67 140 220 845 $50 000 to $99,000 78 53 91 130 133 164 122 94 120 221 457 1,663 $100,000 to $199,000... 47 24 32 61 43 46 47 46 58 131 285 820 $200,000 to $999,000-.- 12 15 16 15 18 16 13 11 19 70 227 432 $1 000 000 and over 1 4 25 3 11 52 Not available ... 31 21 14 5 3 16 8 5 7 10 16 136 Total--, „._.. 501 354 648 776 612 956 662 491 642 1,345 2,298 9,285 National banks: $25 000 23 14 41 44 41 46 31 15 15 56 102 428 $25,100 to $49,000 2 5 10 9 5 20 6 3 6 15 34 115 $50,000 to $99,000 14 13 26 42 46 45 40 24 26 39 121 436 $100,000 to $199,000... 9 7. 9 19 15 12 12 10 13 30 89 225 $200,000 to $999,000... 3 6 4 8 11 2 2 5 3 19 56 119 $1,000,000 and over... 1 2 7 10 Total __. 51 45 90 122 118 125 91 57 64 161 409 1,333 State member banks: Less than $25,000 1 2 3 $25,000 2 4 11 9 11 5 13 3 4 8 9 79 $25,100 to $49,000 3 5 2 4 1 7 4 2 2 2 11 43 $50,000 to $99,000 7 1 14 10 8 12 4 6 5 5 26 98 $100,000 to $199,000-. . 5 1 4 12 5 7 . 8 5 5 4 20 76 $200,000 to $999,000... 1 1 3 2 2 2 4 3 27 45 $1,000,000 and over... 1 1 4 15 21 Total. 19 12 34 37 28 35 33 16 17 26 108 365 Nonmember banks: Less than $25,000 194 117 295 319 233 382 247 191 223 466 548 3,215 $25,000 . . 79 67 99 138 83 179 121 88 124 232 402 1,612 $25,100 to $49,000 26 29 37 42 40 73 50 33 59 123 175 687 $50,000 to $99,000 57 39 51 78 79 107 78 64 89 177 310 1,129 $100,000 to $199,000--- 33 16 19 30 23 27 27 31 40 97 176 519 $200,000 to $999,000--. 8 8 9 5 5 12 7 6 16 48 144 268 $1,000,000 and over 3 3 5 10 21 Not available 31 21 14 5 3 16 8 5 7 10 16 136 Total 431 297 524 617 466 796 538 418 561 1,158 1,781 7,587 1 Includes 1 bank with capital of $1,309,000. 2 Includes 1 bank with capital of $1,225,000. 3 Includes 1 bank each with capital of $1,218,000, $1,750,000, $2,500,000, $4,000,000. $4,877,000, and $25,- 250,000. 4 Includes 1 bank each with capital of $1,300,000, $1,400,000, $1,525,000, $1,750,000, $1,910,000, and $2,000,000; 4 banks each with capital of $1,500,000; 2 banks each with capital of $2,500,000; and 3 banks each with capital of $3,000,000. No. 75.—BANK SUSPENSIONS, BY SIZE OF TOWN OR CITY, 1921-1931 Number of suspensions Places with population of— 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 Total Less than 500 181 120 331 335 226 372 266 207 240 442 666 3,386 500 to 1,000 99 75 104 158 130 204 142 93 128 278 402 1,813 1,000 to 1,500 _ 47 23 58 71 67 115 61 48 77 128 202 897 1,500 to 2,500 39 44 55 75 56 88 65 52 63 137 225 899 2,500 to 5,000 . 33 30 35 55 60 79 53 33 35 119 214 746 5,000 to 10,000 32 18 24 28 32 30 22 18 35 60 140 439 10,000 to 25,000 21 12 14 22 18 22 30 17 24 57 134 371 25,000 and over 49 32 27 32 23 46 23 23 40 124 315 734 Total _ 501 354 648 776 612 956 662 491 642 1,345 2,298 9,285 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
128 ANNUAL REPORT OP THE FEDERAL RESERVE BOARD CHANGES IN MEMBERSHIP IN THE FEDERAL RESERVE SYSTEM No. 76.—CHANGES IN MEMBERSHIP, BY CLASS OF MEMBER, 1930 AND 1931 Number of member banks Procedure effecting change Total National State 1930 1931 1930 1931 1930 1931 Active member banks, first of year 8, 522 i 8,050 7,403 i 7,031 1,119 1,019 Additions to membership:2 Organization of national bank 33 15 33 15 Conversion of nonmember bank to national ... 35 7 35 7 Admission of State bank 18 23 18 23 Resumption following suspension 7 31 5 25 2 6 Conversion within the system 3 _. 2 1 3 Total additions 2 93 76 75 48 23 29 Decreases in membership: Merger between member banks- National and National or State member and State member 158 168 143 151 15 17 National and State member . 41 41 22 26 19 15 Voluntary liquidation (terminal) 4 9 3 8 1 1 Suspension and insolvency. _• 187 517 161 409 26 108 Absorption of member bank by nonmember bank. 109 106 96 98 13 8 Conversion of member bank to nonmember bank 25 19 19 19 6 Withdrawal of State bank 441 20 * 41 20 Conversion within the system 3 _ _ 3 2 1 Total losses._ 565 880 447 711 123 170 Net decrease 472 804 372 663 100 141 Active member banks, end of year i 8,050 7,246 i 7,031 6,368 1,019 878 i Exclusive of 2 banks which suspended in 1930 but which were included in the comptroller's Dec. 31, 1930, abstract. » Exclusive of 197 nonmember banks absorbed by member banks in 1931 and 165 in 1930, which increased the assets but not the number of member banks. 3 Conversions between 2 classes of member banks, without effect on the number of banks in the system. 4 Includes 2 compulsory withdrawals. Back figures—See Annual Reports for 1930 (Table 71), 1929 (Table 65), 1927 (Table 117), 1926 (Table 97), and 1925 (Table 93). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EARNINGS AND EXPENSES OF MEMBER BANKS 129 EARNINGS, EXPENSES, AND DIVIDENDS OF MEMBER BANKS No. 77.—MEMBER BANKS—EARNING ASSETS, CAPITAL FUNDS, AND PROFITS, 1923-1931 Amounts l (in thousands of dollars) Ratios 2 Year ending Dec. 31 Tot P a r l incipal L e o ar a n n i s ng asse I m n ts v e e n s t t- s C fu a n p d i s t a 3 l p E c e a f a a u r s r p s n n $ i e d 1 t i t a n s s l g of p o a e p f N s r i r e s n o e a e g f $ t r t i 1 s t n 0 - 0 p c f p e a u N r r p o n o e i f d f t $ t i a s 1 t 0 l 0 All member banks: 1923 26, 206,988 18,531,961 7,675,027 4.380,074 $5.98 $1.29 $7.69 1924 27,474,727 19,347,300 8,127,427 4,491,663 6.12 1.32 8.04 1925 29, 673,891 20,809,107 8,864,784 4,589,294 6.47 1.41 9.14 1926 31,132,149 22,123, 397 9,008,752 4,820,129 6.46 1.39 8.95 1927 32,755,971 23,006,039 9,749,932 5,162,702 6.34 1.36 8.66 1928 34, 721,879 24,153,677 10,568, 202 5, 622, 312 6.18 1.45 8.96 1929. 35,727,128 25,614,655 10,112,473 6,360,306 5.62 1.56 8.75 1930 _ 35,395,412 25,018, 22210,377,190 6, 722, 782 5.26 .87 4.56 1931 33, 431, 791 21, 732, 28911,699, 502 6,395,866 5.23 .04 .19 National member banks: 1923... 16,713,739 11,725,163 4,988,576 2,890,930 5.78 1.16 6.72 1924 17,233,431 12,007,447 5,225,984 | 2,916,791 5.90 1.24 7.33 1925 18,430, 579 12,729,675 5,700,904 2,970,453 6.20 1.32 8.22 1926 - 19,135,960 13, 353,101 5,782,859 3,077,183 6.22 1.28 7.96 1927 .._.20, 349, 562 13, 949,969 6,399,593 3, 254, 507 6.25 1.26 7.91 1928 21,858,250 14, 789, 566 7,068,684 3, 543, 609 6.17 1.33 8.21 1929 21,751, 748 15,007, 570 6,744,178 3, 750, 521 5.80 1.34 7.77 1930 21, 538, 524 14, 726,937 6,811,587 3,913,450 5.50 .73 4.04 1931 20, 564,446 13,117,216 7,447,230 3,746,961 5.49 * -.27 *-1.47 State member banks: 1923 -. 9,493, 249 6,806,798 2,686,451 1,489,144 6.37 1.50 6.72 1924 10, 241, 296 7,339,853 2,901,443 1, 574, 872 6.50 1.44 9.37 1925 11, 243, 312 8,079,432 3,163,880 ! 1,618,841 6.95 1.56 10.83 1926 11,996,189 8,770, 296 3,225,893 i 1,742,946 6.88 1.55 10.70 1927 12,406,409 9,056,070 3,350,339 I 1,908,195 6.50 1.53 9.94 1928 12,863, 629 9,364, 111 3,499,518 2,078, 703 6.19 1.66 10.25 1929 13,975, 380 10, 607,085 3,368,295 2, 609, 785 5.35 1.90 10.16 1930 13,856,888 10,291,285 3, 565, 603 2,809,332 4.93 1.07 5.28 1931 12, 867,345 8, 615,073 4,252, 272 2,648,905 4.86 .52 2.54 * Figures are averages of amounts for call dates during year. 2 For explanation of these ratios, see Federal Reserve Bulletin for December, 1928, pp. 826-828. 3 Capital, surplus, undivided profits, and reserves for dividends, contingencies, etc., including, in 1923 and 1924 only, reserves for taxes, interest, etc., accrued. * Net loss. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
130 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 78.—MEMBER BANKS—RATIOS OF EARNINGS, EXPENSES, ETC., TO AVERAGE EARNING ASSETS, 1923-1931 [Amounts per $100 of earning assets] Gross earnings Expenses Losses Year ending Dec. 31 Net Total I e n a t r e n r e e d st Total d I p n e a t p i e d o r s e o i s t n t s Total Net profits All member banks: 1923 $6.56 $5.70 $4.70 $2.09 $0.79 $0.57 $1.29 1924 6.50 5.51 4.66 2.16 .72 .53 1.32 1925 6.46 5.44 4.61 2.17 .65 .44 1.41 1926 .-. 6.51 5.49 4.63 2.16 .67 .50 1.39 1927 6.47 5.34 4.63 2.18 .64 .48 1.36 1928 6.58 5.49 4.65 2.16 .63 .48 1.45 1929 __ 6.92 5.79 4.71 2.13 .83 .65 1.56 1930 6.30 5.24 4.53 2.12 1.03 .90 .87 1931--. 5.72 4.73 3.99 1.74 1,86 1.69 = 04 National member banks: 1923 . - --- 6.37 5.76 4.53 1.97 .93 .67 1.16 1924 6.35 5.57 4.50 2.07 .81 .60 1.24 1925 6.29 5.51 4.46 2.08 .74 .51 1.32 1926 6.33 5.54 4.48 2.07 .76 .57 1.28 1927 6.34 5.44 4.52 2.12 .73 .56 1.26 192S 6.41 5.54 4.52 2.10 .72 .56 1.33 1929 6.64 5.73 4.54 2.07 .92 .76 1.34 1930 6.33 5.41 4.59 2.14 1.15 1.01 .73 1931 5.81 4.91 4.12 1.83 2.13 1.95 i —.27 State member banks: 1923 6.90 5.59 5.00 2.30 .55 .40 1.50 1924 . 6.76 5.41 4.93 2.33 .56 .40 1.44 192,5 6.75 5.34 4.85 2.32 .51 .34 1.56 192(3 6.81 5.41 4.88 2.31 .51 .38 1.55 1927. 6.70 5.17 4.81 2.27 .49 .36 1.53 1923 6.86 5.40 4.87 2.25 .46 .34 1.66 1929 7.38 5.88 4.98 2.21 .68 .50 1.90 1930___ _ 6.24 4.99 4.45 2.08 .84 .72 1.07 1931 5.58 4.45 3.79 1.58 1.43 1.27 .52 i Net loss. NOTE.—For explanation of these ratios, see Federal Reserve Bulletin for December, 1928, pp. 826-828. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
131 EARNINGS AND EXPENSES OF MEMBER BANKS No. 79.—MEMBER BANKS—EARNINGS, EXPENSES, AND DIVIDENDS, 1923-1931 [In thousands of dollars] Gross earnings Expenses Interest paid Year ending Dec. 31 Sal- Interest All aries All Total earned other Total On bor- and Taxes other On de- rowed wages posits money All member banks: 1923 1,719,360 1,493,755 225,605 1,232,654 547,910 42,151 335, 680102,673 204,240 1924 1,786,471 1, 514,500271,971 1,280, 524 594,432 24,746,355,018 97,341 208,987 1925 1,918,094 1,615,595 302,499 1,367,318 643,158 25,954 372,741 102,411 223,054 1926 2,027,752 1,710,492 317,260 1,441,745 672,927 31,350 396,796 105,885 234,787 1927 2,120,277 1, 749,008371.269 1, 515, 704713,038 24,514 420,128 109,778 248,246 1928 2,283,998 1,905, 728378.270 1,613,811 749,662 48,443 440,000 113,759 261,947 1929 2,474,099 2,068,901 405,198 1,683,720 759,260 64,265 463,847 112,476 283,872 1930___ 2, 228,774 1,857, 514371, 2601,604,335 748,992 22,001 451, 776113,418 268,148 1931__. 1,911, 502 1, 581,905329, 5971, 335, 379580,910 19,136 412, 531 86,367 236.435 National member banks: 1923 - 1,064,295 963,443 100,852 757,802 329,304 29,641 205,391 69,873 123,593 1924 1,093,832 960, 601133, 231 776,070 356,311 17,001 213,994 64,676 124,088 1925 1,159,595 1,015,352 144,243 822,255 382,483 17,172 223,756 66,645 132,199 1926 1,210,911 1,060,589 150,322 856,765 395,352 20,089 235,969 68,270 137,085 1927 1,289,297 1,107,242 182,055 918,816 431,763 15,429 253,634 69,219 148,771 1928 1,401,471 1,211,259 190,212 987,739 459,819 29,184 269,429 69,872 159,435 1929 1,443,303 1,247,125 196,178 987,140 450, 258 37,350 271,103 64,333 164,096 1930-- 1,363,928 1,165, 550198, 378 9S8, 029 461,311 12,807;277,798 68,373 167,740 1931 1,194,140 1,009,829 184, 311 848,254 377,281 11,613!257,074 53,110 149,176 State member banks: 1923 655,065 530,312 124,753 474,852 218,606! 12,510 130, 289 32,800 80,647 1924 692,639 553,899 138,740 504,454 238,121 7,745 141,024 32,665 84,899 1925 758,499 600,243 158,256 545,063 260,675 8,782 148,985 35,766 90,855 1926 816,841 649,903 584,980 277,575 11,261 160,827 37,615 97,702 1927 641, 766189,214 596, 888 281,275 9,085 166,494 40,559 99,475 1928 882, 527 694,469 188,058 626,072 289,843 19,259 170,571 43,887 102,512 1929 _ _. 1,030,796 821,776 209,020 309,002 26,915!192,744 48,143 119,776 1930__ 864,846 691,964 172,882 616, 306 287,681 9,194 173,978 45,045 100,408 1931 717,362 572, 076145,286 487,125 203,629 7,523 155,457 33,257 87,259 Losses Year ending Dec. 31 e i N a n r g e n t s - On On All R e e r c ie o s v- lo N s e se t s pr N o e fi t ts d D e d i e n v - d i- s Total loans invest- other clared ments All member banks: 1923 486,706 207,127 143,011 36,411 27,705 57,307 149,820 336,886 257,933 1924 505,947 197,343 133,079 33,196 31,068 52,739 144,604 361,343 258,044 1925 550,776 193,099 128,774 35,127 29,198 61,806 131,293 419,483 272,686 1926 586,007 207,530 124,885 35,909 46,736 53,006 154,524 431,483 284,809 1927 604,573 123,745 37,284 47,664 51,129 157,564 447,009 312,680 1928 670,187 217,194 119,290 45,293 52,611 50,875 166,319 503,868 327,422 1929 790,379 295,473 139,588 95,465 60,420 61,608 233,865 556,514 408,628 1930 624,439 365,314 194,725 109,028 61,561 47,377 317,937 306,502 371,968 1931 576,123 620,456 295,241 264,170 61,045 56,594 563,862 12,261 335,792 National member banks: 1923 306,493 154,753 108,819 26,450 19,484 42,642 112, 111 194,382 166,492 1924 317,762 140,250 97,582 18,708 36,270 103,980 213,782 162,636 1925. 337,340 136,269 92,127 23,692 20,450 43,122 93,147 244,193 171,324 1926 354,146 145,831 88,017 26,261 31, 553 36,662 109,169 244,977 176,421 1927 370,481 148,225 91,214 25,665 31,346 35,027 113,198 257,283 197,555 1928 413,732 158,254 88,077 34,455 35,722 35,282 122,972 290,760 204,612 1929 456,163 200,633 93,680 63,304 43,649 35,854 164,779 291,384 247,317 1930 375,899 248,618 135,085 71,202 42,331 30,887 217, 731 158,168 215,992 1931 345,886 437,016| 212,575 184,290 40,151 36,234 400,782 -54,896 193,696 State member banks: 1923 180,213 52,374 34,192 9,961 8,221 14,665 37,709 142,504 91,441 1924 188,185 57,093 35,497 9,236 12,360 16,469 40,624 147,561 95,408 1925 213,436 56,830 36,647 11,435 8,748 18,684 38,146 175,290 101,362 1926— 231,861 61,699 36,868 9,648 15,183 16,344 45,355 186,506 108,388 1927. 234,092 60,468 32, 531 11,619 16,318 16,102 44,366 189,726 115,125 1928 -. 256,455 58,9401 31,213 10,838 16,889 15,593 43,347 213,108 122,810 1929 _. 334,216 94,840 45,908 32,161 16,771 25,754 69,086 265,130 161,311 1930 248, 540 116,6f 59,640 37,826 19,230! 16,490 100, 206 148,334 155,976 1931-. 230,237 183,440 82,666 79,880 20,894| 20,360 163,080 67,'" 142,096 Digitized for F*R NAeSt EloRss . http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BANKING CONDITIONS IN FEDERAL RESERVE DISTRICTS AND STATES 133 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CONDITION OF EACH FEDERAL RESERVE BANK No. 80.—BILLS DISCOUNTED FOR MEMBER BANKS1—HOLDINGS OF EACH FEDERAL RESERVE BANK, BY MONTHS, 1927-1931 [Monthly averages of daily figures. In millions of dollars] Federal reserve bank Month B to o n s- Y N o ew rk P p d h h e i i l l a - a C la le n v d e m Ri o c n h d - la A n t t - a c C a h g i o - L S ou t. is n M o e l a i i n p s - - K C s a i a t n s y - D la a s l- F C S J r a S a C n n O - - 1927 January 33.4 118.3 43.7 61.5 22.5 34.2 90.2 19.1 4.1 10.4 5.4 37.8 February 29.0 91.2 35.7 38.9 23.4 26.8 78.5 14.6 4.0 9.3 3.1 38.6 March 35.8 112.2 41.0 31.7 22.1 31.7 71.1 14.4 4.5 8.6 3.2 48.3 April 23.2 121.6 43.7 53.9 22.5 34.1 56.3 16.2 6.1 11.9 4.4 53.3 May 37.1 137.8 45.8 43.6 25.5 34.6 52.7 24.0 6.7 17.3 4.7 43.1 June.. 33.8 91.9 45 2 41.8 22.4 32.6 63.9 26.3 6.5 16.5 6.2 41.4 July 29.7 122.9 46.8 35.4 21.8 36.3 59.7 29.8 6.0 12.5 7.4 45.8 August 29.9 118.4 39 6 27.8 19.7 34.7 40. 5 24.7 6.1 9.3 12.7 46.1 September 28.4 142.4 38.2 34.8 26.3 31.1 31.4 28.0 4.4 10.7 11.0 35.6 October 33.3 126.9 38.4 43.7 28.9 26.0 36.5 21.5 2.7 15.7 7.2 43.7 November 36.4 106.5 38.1 46.8 21.5 32.7 46.9 18.1 2.6 18.1 8.4 39.1 December 40.2 171.1 47.9 58.6 24.4 36.1 65.0 19.3 3.0 15.2 5.4 42.4 1928 January 23.5 152.9 44.4 51.0 26.9 29.3 59.0 16.6 3.7 12.7 4.3 41.0 February 45.2 119.3 53.1 50.8 27.3 28.3 50.9 24.0 4.0 11.4 4.1 52.3 March _ 49.5 130.0 49.2 57.0 27.8 25.2 67.9 26.1 3.3 10.5 3.8 63.1 April -._ 44.4 210.9 52.7 60.8 34.6 38.9 87.6 33.1 10.1 18.8 8.0 61.3 May 59.6 296.9 60.4 68.4 43.0 51.9 109.5 39.0 10.6 22.9 9.0 64.3 June 84.8 376.1 80.2 89.3 48.0 59.8 136.1 52.9 8.5 22.4 11.3 49.4 July 68.0 382.6 93.8 100.8 54.9 68.5 156.7 55.1 12.2 23.9 16.7 56.5 August 61.1 321.3 99.1 80.1 56.6 76.8 159.4 58.8 18.5 22.7 29.8 76.7 September 50.9 352.3 106.5 77.8 57.2 82.9 113.8 65.0 17.8 24.0 29.6 86.5 October 45.9 300 7 93 7 75.5 47.8 79.4 134.1 49.8 18.1 31.3 25.3 73.5 November 50.6 238.1 79.3 85.6 42.5 68.7 138.8 43.9 16.0 43.1 21.3 69.6 December 65.0 298.7 91.3 108.0 40.8 57.8 178.9 39.6 10.4 44.2 17.9 60.3 1929 January 60.4 245.9 73.1 79.7 40.7 58.5 142.7 37.4 12.0 33.3 20.6 55.0 February . _ 61.9 216.3 85.5 84.7 41.0 55.8 165.9 37.8 12.8 32.5 19.2 75.8 March 58.6 231.5 101.6 76.0 43.4 51.7 210.6 48.1 15.6 31.8 14.8 85.0 April 75.8 264.6 110.0 96.6 52.6 63.6 133.4 51.8 19.3 38.8 18.6 79.3 May ._ 96.5 234.5 86.7 93.8 58.1 73.4 109.8 48.7 18.1 49.1 23.1 64.4 June 99.4 251.2 84.7 90.9 56.6 65.9 135.9 49.9 15.2 48.3 22.3 57.7 July 78.4 408 6 77.3 84.0 57.5 69.0 122.1 55.8 17.4 35.3 30.2 60.1 August 79.5 303.3 92.8 79.7 59.6 75.1 120.0 67.2 24.3 33.7 43.4 64.9 September 71.3 230.9 90.6 78.8 60.1 69.6 103.9 72.7 34.4 38.8 41.3 76.4 October 60.7 160.0 78.7 95.2 53.1 57.6 120.2 54.7 41.2 44.6 31.6 86.9 November 46.9 154.7 106.8 124.4 51.9 59.1 139.3 47.1 28.6 57.7 30.2 106.0 December 40.4 188.3 80.2 98.4 41.8 43.0 133.0 30.9 17.4 45.9 19.1 65.0 1930 January. 23.9 111.8 53.7 72.8 30.8 31.7 87.4 17.7 7.0 28.1 13.3 22.5 February - _ 23.2 70.5 50.5 53.3 22.2 25.3 63.0 16.7 3.0 23.0 11.9 15.1 March 21.1 54 3 36.7 31.1 16.8 21.6 35.2 14.0 2.4 16.2 8.3 15.8 April 15.6 53.7 28.3 25.7 16.0 18.8 22.7 13.9 3.1 12.8 7.5 13.1 May- 17.7 58.0 29.8 21.0 17.2 27.6 20.6 15.5 3.8 15.2 8.7 11.8 June 17.3 57.1 28.1 23.6 19.7 30.4 18.1 18.1 3.8 14.2 10.2 10.6 July 12.6 44.0 24.4 24.9 19.8 28.9 19.0 16.3 4.2 10.4 11.5 10.0 August 12.6 47.6 18.2 15.7 21.4 29.9 16.5 15.1 4.4 9.2 13.9 9.5 September. _ 11.6 32.2 16.4 14.6 20.0 28.2 14.4 17.7 4.1 8.8 13.2 7.6 October. .. _. 8.9 36.7 17.5 25.0 18.9 24.8 15.8 17.3 4.3 10.3 10.2 6.7 12.3 42.6 19.6 27.1 21.7 26.6 18.5 17.4 3.8 14.0 8.4 8.9 December 17.3 90.3 27.5 37.9 33.1 30.4 26.4 14.2 3.9 16.0 6.9 33.7 1931 January- 11.5 55.7 27.3 28.7 22.3 23.4 25.9 11.8 4.1 17.2 5.2 19.9 February 10.7 47.8 24.2 23.1 18.3 21.6 20.5 9.4 4.0 13.6 6.2 16.3 March 9.9 41.3 20.6 16.4 15.9 13.4 14.7 8.2 3.6 10.5 7.2 14.8 April 8.4 41.9 16.0 14.0 13.2 11.0 12.7 7.9 3.5 9.0 7.5 9.4 May 10.6 37.4 18.2 14.1 15.9 11.0 13.5 7.4 3.9 9.5 8.5 ' 12.6 June 11.3 33.0 19.4 17.8 19.4 12.7 16.2 7.8 4.2 11.6 10.0 24.6 July 9.0 26.0 16.5 15.8 17.2 13.6 12.1 8.9 4.3 9.5 10.8 25.3 August 8.9 48.1 18.6 25.0 18.5 20.4 15.9 10.6 4.6 13.1 13.3 25.4 September 8.1 51.3 31.7 35.8 22.7 25.3 24.0 12.2 4.1 13.3 13.5 38.1 October 17.0 153.2 89.3 78.5 35.1 37.7 50.4 18.5 6.1 24.4 20.5 82.4 November 26.0 120.5 108.3 98.9 40.5 51.0 69.9 25.9 7.4 33.8 23.0 89.9 December 47.5 167.7 117.5 110.6 39.5 51.6 86.6 26.8 8.0 30.3 17.6 70.9 1 Including small amounts of bills discounted for intermediate credit banks, etc.; see Tables 14 and 110. Back figures.—See Annual Reports for 1928 (Table 72), and 1927 (Table 55). 125554—32; 10 135 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
136 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 81.—DISCOUNTED BILLS—HOLDINGS OF EACH FEDERAL RESERVE BANK ON DECEMBER 31, 1931, BY CLASSES [In thousands of. dollars] Rediscounted bills Member banks' collateral Paper notes Collateral Federal reserve bank T c o la ta ss l e ( s a ) ll m C e o r m cia - l Demand Bankers' Trade b s y e c U ur . e S d . b s y e c U u . r e S d . oth n e o r t w es ise and agri- and sight accept- accept- Govern- Govern- secured cultural drafts ances ances ment ment paper * obliga- obligations tions Boston 43, 205 12,069 66 20 23,473 7,577 New York 149,951 19,656 247 365 112, 111 17, 572 Philadelphia 116,412 38,748 385 27 48,268 28,984 Cleveland 92, 609 35, 366 21 1,229 633 47, 862 7,498 Richmond 33, 377 19, 750 121 247 6,577 6,682 Atlanta 34, 902 24, 868 10 42 167 3,882 5,933 Chicago - - 74,496 19, 648 130 450 49, 822 4,446 St. Louis 16,886 1, 287 95 1 846 9,345 5,312 Minneapolis 7,571 4,956 15 261 814 1,525 Kansas Citv 27,726 20,472 2 487 4,081 2,684 Dallas 10,416 7,888 7 71 17 527 1,906 San Francisco 30, 742 7,708 46 71 10, 773 12,144 Total..- 638,293 212, 416 133 2,355 3, 591 317, 535 102,263 1 Not elsewhere specified. Back figures—See Annual Report for 1930 (Table 76), 1929 (Table 70), 1928 (Table 73), etc. No. 82.—DISCOUNTED BILLS—HOLDINGS OF EACH FEDERAL RESERVE BANK ON DECEMBER 30, 1931, BY MATURITIES [In thousands of dollars] Maturity Federal reserve bank Total Within 16 to 30 31 to 60 61 to 90 91 days to Over 6 15 days days days days 6 months months Boston ._ 56, 733 47, 266 2,479 4,104 2,526 358 New York _ 431,827 417,987 4,099 5,610 3,989 142 Philadelphia 115,575 88,427 8,217 12,147 6,608 176 Cleveland . 114, 862 87, 357 6,736 12,167 8,087 491 24 Richmond 41,447 27,441 4,162 5,855 3,365 566 58 Atlanta _ - _ 45, 525 24,126 5,724 6,280 8,422 948 25 Chicago 95, 309 75,743 3,601 7,324 6,477 2,015 149 St. Louis _ _ 21, 742 19, 633 368 253 973 201 314 Minneapolis 7,554 2,671 129 320 2,404 1,644 386 Kansas City _ 29, 286 10, 276 1,677 3,418 5,007 8,226 682 Dallas 11,407 4,897 1,675 2,218 1, 565 1,001 51 San Francisco - - 52, 866 45. 734 1,028 1,410 1,984 2,388 322 Total - - 1,024,133 851, 558 39, 895 61,106 51, 407 18,156 2,011 Back figures—See Annual Report for 1930 (Table 77), 1929 (Table 71), 1928 (Table 69), etc. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EACH FEDERAL RESERVE BANK 137 No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS BOSTON [In thousands of dollars] Bills bought in United States open market Government Deposits Total securities Federal bills Bills Total reserve Date s t e a i c e n u s d r i i- co d u i n s- ted B r o o i u g u g h t- h t i U r a m e g n s e r d a e n e l e e t r - B r o o i u g u g h t- h t t U a r m e g n s e r d a e n e l e t e r - c s a e s r h v e r s e- Total b b r e a e r l s a e b n r a c v n e e k s p O o d t e s h - i e ts r n c o i t t r i e c o s u n l i a n - 1931 Jan.7___ 83,681 11,504 21, 246 2,570 47,511 218,859 154,000 151,334 2,666 127,006 Jan.14._ 75,256 11,078 16,675 120 46,533 216,326 148,245 144,977 3,268 122,823 Jan.21.- 69,074 10,935 11,372 134 46, 533 221, 365 144.355 142,557 1,798 128,261 Jan.28.. 66,725 10, 551 8,711 810 46, 553 222, 770 145,393 142,529 2,864 126,583 Feb.4.__ 65,552 10,972 7,' 388 46, 553 227, 627 146,346 144,513 1,833 127,734 Feb. 11_. 64,852 10, 723 6,554 1,022 46,553 226, 606 146,505 143,999 2,506 124,825 Feb. 18._ 64, 729 10,195 7,253 727 46, 554 226, 264 147,687 144,419 3,268 123,435 Feb. 25.. 64, 709 10, 423 7,124 608 46, 554 222,, 681 141,942 139,859 2,083 125,341 Mar. 4.. 64,535 9,547 7,947 488 46, 553 230, 717 149, 277 144,362 4,915 125,825 Mar. 11.. 66,461 8,777 10,877 439 227,098 146, 382 144,013 2,369 126,550 Mar. 18-. 65,997 8,782 10,812 221 46,182 229,141 145,851 145,298 553 127,703 Mar. 25.. 63, 672 10, 565 6,925 46,182 234, 784 145,843 138,605 7,238 132,434 Apr. l-._ 70, 587 11, 576 12, 829 46,182 226,361 141,455 138, 727 2,728 134, 524 Apr. 8___. 65, 311 7,322 11, 547 260 46,182 237,014 145,931 143, 919 2,012 134,806 Apr. 15... 63, 971 7,534 8,793 1,462 46,182 234, 004 142,457 140,042 2,415 134, 435 Apr. 22... 70,852 7,160 8,603 8,907 46,182 243,727 152, 536 149, 363 3,173 139,135 Apr. 29... 74, 076 10, 328 12, 049 5,517 46,182 226, 587 142, 694 140,165 2,529 136,231 May 6.... 71, 569 9,106 10, 929 5,352 46,182 231,103 143, 281 142,328 953 137,470 May 13-. 71, 771 11, 295 10,112 4,182 46,182 228, 644 142,342 140,488 1,854 137, 226 May 20... 71, 313 11, 687 11,491 1,954 46,181 228, 203 142, 432 140, 789 1,643 136,369 May 27... 69,911 10, 627 11,496 1,607 46,181 227,642 140,883 139, 283 1,600 135, 738 June 3 71, 726 9,870 11, 256 4,419 46,181 233,424 146, 532 144,092 2,440 137,556 June 10.-. 70, 927 9,461 11; 260 4,026 46,180 227,494 142, 505 141, 297 1,208 134,781 June 17... 69,110 11,260 8,396 2,689 46,180 229,508 142, 688 140,048 2,640 133,619 June 24... 72,897 12, 964 7,728 2,416 47, 976 228,005 146,460 138, 928 7,532 133, 285 July 1.... 71,121 11, 569 6,807 2,471 49, 789 224, 637 137, 672 134,008 3,664 136,300 July 8.... 67, 630 8,359 5,657 975 52, 204 239, 861 149,491 145, 470 4,021 138,364 July 15... 8,576 4,599 176 52, 957 231, 785 143, 067 137,845 5,222 136,677 July 22... 66, 480 8,174 4,524 320 53,162 235,662 147, 421 141, 805 5,616 135, 603 July 29. _. 67, 683 9,376 4,582 263 53,162 231,278 143, 894 137, 436 6,458 136,168 Aug. 5.... 66, 010 7,271 4,247 1,080 53,162 243, 566 152,920 142, 06210,858 137,894 Aug. 12... 71, 567 9,347 7,097 1,712 53,161 238,824 153, 702 139,347 14, 355 138,890 Aug. 19... 73,835 9,302 10,815 487 53,161 240,993 159,045 143, 69115,354 139,248 Aug. 26. __ 78,309 10, 212 13, 828 1,038 53,161 233,886 155,358 139,091 16,267 138, 767 Sept. 2___ 78,911 8,416 16,355 369 53,701 237,537 159,787 143,413 16,374 139, 589 Sept. 9___ 77, 844 7,372 16, 552 149 53, 701 239, 083 157.356 139,964 17,392 141,314 Sept. 16-. 76,372 7,272 14,153 287 53, 700 232, 064 155, 040 140, 74114,299 137,841 Sept. 23 __ 80,802 7,909 15, 972 1,134 54,827 237, 070 158, 661 147,083 11, 578 142, 003 Sept. 30. _ 105, 967 12,381 37, 564 235 54,827 198, 416 145, 566 137, 630 7,936 142,829 Oct. 7 121,765 11, 761 50,517 3,342 54,827 215,357 175,044 163,115 11,929 145,424 Oct. 14___ 145,376 16,160 70, 980 56,287 203,968 177, 388 158, 00719,381 152,992 Oct. 21__. 158, 038 19, 918 78,452 57, 205 192, 680 177, 653 163, 24914,404 155,939 Oct. 28-_. 154,424 18,976 75, 460 228 57, 790 165,642 155,188 142,418 12,770 147,813 Nov. 4_._ .47,382 18, 066 69, 769 57, 566 173, 693 156,867 143,898 12,969 147,846 Nov. 11.. .44,484 21, 209 63, 740 57, 565 174,437 152,597 137,559 15,038 147,987 Nov. 18.. .43, 489 25, 762 58,470 57,347 166, 785 146, 740 134, 55212,188 146,293 Nov. 25.. .47, 363 32,841 55, 535 57, 077 160, 544 142, 342 129, 70112,641 148,441 Dec. 2.-- L39,905 32, 995 47,986 347 56,807 170, 968 142, 710 131,548 .1,162 151,818 Dec. 9 129,186 29, 312 40,864 433 56,807 176,923 139,644 128,602 1,042 149,450 Dec. 16... 47,858 43, 495 33, 894 67,852 172, 431 132, 591 123,509 9,082 166,731 Dec. 23-- 157,498 67, 415 29, 940 1,739 56, 774 199, 279 135, 760 123,645 L2,115 205,402 Dec. 30— 150, 816 56, 733 30, 901 61, 052 222,900 160,249 152,188 8,061 195,257 1 Includes "other securities" and foreign loans on gold. Back figures for all Federal reserve districts,—See Annual Report for 1930 (Table 78), 1929 (Table 72), 1928 (Table 76), etc. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
138 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS—Continued NEW YORK [In thousands of dollars] Bills bought in United States open market Government Deposits Total securities Federal bills Bills Total reserve Date s t e a i c e n u s d r i i- co d u i n s- ted Bo o u u g t- ht U re n s d a e le r B r o o i u g u g h t- h t t U ag n r d e e e r - c s a e s r h v e re s - Total b r e M e r s e e b m r a v n - e k n c o i t r i t c o e u n s l i a n ment balances 1931 Jan. 7 381,106 69, 492 63,631 7,092 237,191 850 1,111,862 1,045, 1, 027,871 17, 588 365, 265 Jan. 14.__ 338,686 51,161 48, 460 2,474 233,891 1,173, 4351,105,185 1,087,445 17, 737 326,646 J J a a n n , . 2 2 8 1 — ... 2 2 7 9 5 5 , . 7 8 1 4 1 5 4 4 2 2 , , 7 59 6 4 " 3 3 8 4 , , 1 6 3 0 9 0 2 19 1 8 3 , ,9 9 2 2 8 8 1 1 , , 1 1 7 8 5 4 , , 1 7 6 0 5 9 1 1 , , 0 0 7 78 5 , , 4 5 3 3 4 2 1 ., , 0 0 6 6 1 4, , 7 5 8 21 4 1 1 3 4 , , 6 0 5 1 0 1 3 2 0 8 7 8 , , 6 7 7 4 5 5 Feb. 4... 274, 952 44, 473 31, 551 198, 928 1.134, 492 1., ,038,186 993, 399 44, 787 280,828 Feb. 11 . 273,145 51, 461 27, 756 193, 928 1,111,98 ., 010,182 992, 741 17, 441 273, 976 Feb. 18. _ 254,175 37, 641 32, 606 183,928 1,128, 4501, 023,160 I, 006, 920 16, 240 261, 572 Feb. 25.. 265, 443 38, 016 43, 499 183, 928 1,119I,, "3"6"0 "I., 029, 4951,014,672 14,823 256, 946 Mar. 4... 252, 588 38, 834 29, 826 183,928 1,117,598 1, 008, 402 986, 306 22,i 267,182 Mar. ll._ 275, 732 38,082 36,857 12, 53 183, 258 5,000 1,166, 202 1, 088,849 1,067,683 21,166 255, 965 Mar. 18- 264,053 37,876 24, 463 201, 714 1,155i,, 839 1, ,068,188 1,054, 612 13, 576 249, 295 Mar. 25., 232,634 34,681 15, 240 182, 713 1,130I,, 570 Ir 016, 492 988,857 27, 635 246, 320 Apr. l.._ 295, 435 36,187 43,199 33, 336 182,713! 1,125, 221651, 045, 3211,023, J 21, 440 278, 261 Apr. 8___ 275,012 34, 755 29,171 28, 373 182,713! 1,096,,1"301, 006, 654 984, 467 22,18" 269, 919 Apr. 15.. 233, 408 26,144 21, 907 2,644 182, 7131 1,108,169 992, 923 974, 558 18, 365 261, 754 Apr. 22.. 254,890 31,192 35,066 5,919 182,713! 1,115,860 1,017,240 996, 332 261,436 Apr. 29.. 275, 286 30, 560 33, 83327,830 182, 7131 1,147',, —623 "1, 053, 4331,031,1 21, 744 268, 977 May 6... 262, 613 28, 472 48, 49424,3' 160,170 1,146, 690 1, 040, 956 1, 018,009 22, 947 269, 307 May :I3_. 223, 679 31,897 39, 648 5,864 145,170| 1,197, 397 1',066,899 1, 034, 815 32, 084 258, 383 May 20- 204, 015 27, 771 27,124 3,200 145,170 1,185, 5511,029,082 1, 014, 940 14,142 268,054 May 27.. 200, 373 26, 999 27, 454 145,170 1, 253,874 1., 031, 501 1,065,960 15,541 273, 231 June 3 218, 365 29, 927 41, 274 359 145.155| 1, 216, 427 1056,608 , 003, 345 53, 263 288, 508 June 10— 207,609 29,001 30,091 1,697 145,170j 1,176, 333 1019,065 , 003, 738 15, 327 271,144 June 17__. 214,811 33, 264 32, 807 145,170! 1, 244, 082 lj 088; 687 , 053, 047 35, 640 273, 577 June 24.. 229, 407 34,059 35,195 151,424! 1, 298, 354 1,156, 714 , 119, 476 37, 238 278,854 July 1... 235, 219 27,868 32, 311 1,389 167, 741) 1, 240, 200 1,076, 626 ,030,090 46, 536 306, 521 July 8... 222, 862 26, 341 23, 510 1,877 166,149| ,086,859 ., 050,978 35,881 294,881 July 15.. 219,930 24, 230 17,907 171, 2731 1, 258,285 1., 128, 369 , 084, 654 43, 715 285, 422 July 22.. 212,850 23,181 16,919 169, 535| 1,288,629 1., 118, 397 1, 087, 796 30, 601 295,998 July 29.. 223,122 26, 845 20, 296 3,206 169, 535 1, 294, 6911,127, 902 i,070,r~ 57,866 304, 566 Aug. 5— 234,153 36,105 24,147 1,826 169, 535 1,198, 6271,035, 084 979, 556 55, 528 322,194 Aug. 12.. 341, 741 49,886 36, 72533, 235 219, 555! _ 1, 204,108 ., 118, 7371, 041, 452 77, 285 362, 404 Aug. 19.. 324.846 38, 775 63,166 219,5551. 1, 242, 7711,113, 358 1, 036,185 77,173 373, 987 Aug. 26.. 346, 389 48, 366 68,818 224,555|_ 1, 238, 312 1,, 130, 2471,001,282 128,965 398,105 Sept. 2... 348, 776 52, 762 69, 966 221, 548 . 1, 224, 497 1,110,563 1,011,147 99, 416 388,863 Sept. 9— 346,859 48,973 71, 838 221, 548 . 1,192, 2261, 056, 060 960, 617 95, 443 399, 041 Sept. 16.. 386, 318 46, 676 79, 53216, 772 235, 548 . 1, 249, 289 1, 180, 626 1, 093, 461 87,165 388,115 Sept. 23.. 387,029 53,841 84, 607 5,r~" 235,705!. 1,139,""" ., 055, 279 973, 941 81, 338 388, 702 Sept. 30- 446, 200 53, 521 137, 97817,; 225, 705 . 1,161, 709 1, 122, 754 1, 078,046 44, 708 406, 051 Oct. ?__.. 528, 286 123, 433139, 07032, 529 225,705!, 1,033:,, 832 l,,053,057 983,652 69, 405 446, 967 Oct. 14. _ 657,88S 205, 945188, 20112, 544 245,259!. 930,I, 464 1, ,048, 997 942, 789 106, 208 456, 459 Oct. 21... 629, 564 159, 032211,914 2,235 241.698L 1,040, 599 1,113,840 1,029,657 84,183 467, 360 Oct. 28.. 598, 244 138, 650201, 064 243, 945'. 1, 045, 907 1,, 087,898;I, 004, 315 83, 583 471, 328 Nov. 4___ 557,905 124, 071 172,992 4,013 241,9891. 1, 002, 582 962,845 910,541! 52,304 497, 570 Nov. 11... 537,137 116, 201163, 767 241,9891. 1,013,056 986,816 903,179 83,637 485,863 Nov. 18__ 511, 034 109, 523143, 790 805 241,226!. 1, 038, 277 977, 463! 912,593 64,870 484, 523 Nov. 25.. 497, 673 116, 755125,290 573 240,230;. 1, 072,022 981, 989 924,011 57,978 498,981 Dec. 2.... 479, 565 121, 804105, 048 3,385 236,233.... 1,069, 200 943, 239 54, 201 516,225 Dec. 9-... 496, 710 137, 258 98,139 12, 230 236,233 1, 050, 372 941,822 895, 076 46, 746519,3C4 Dec. 16... 596, 337 117, 731 78, 436 3,164 382,733 1, 041,479 1024,228 978, 953 45, 275533, 301 Dec. 23... 592, 756 236, 396 66, 437 8,538 267,322 931, 517 873, 294 58, 223566, 782 Dec. 30... 908, 620 431,827 84, 64475,936 275,056 27,000 917, 286 1,175,134 1,121, 541 53, 593562, 743 i Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EACH FEDERAL RESERVE BANK 139 No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS—Continued PHILADELPHIA [In thousands of dollars] Bills bought in U G n o i v te e d r n S m ta e t n e t s Deposits Total open market securities Federal bills Bills Total reserve Date s t e a i c n e u d s r i i- co d u i n s- ted B r o o i u u g t g h - h t t U a r m e g n s r e d a e n e l e t e r - B r o o i u u g t g h - h t t U a r m n e g e s r d a n e e l e t r e - cash re- Total b b r e M a e r l s e a e b m n r a - c v n e e k s p O o d t e s h - i e ts r n c o i t r i t c o e u s n l i a n - 1931 Jan.7 84,983 29,140 3, 568 51,625 244,232 149.835 146,492 3,343 146,405 Jan. 14.... 81,364 27,233 3,568 50,563 249,738 151,295 146,878 4,417 145,985 Jan. 21.... 79,904 25,772 3,568 50, 564 238.026 145,507 142,431 3,076 140,047 Jan. 28.... 78,653 24, 521 3,568 50,564 238,135 143,078 141,184 1,894 139,415 Feb. 4 78, 445 24, 299 3,582 50, 564 239,021 145,756 144,164 1,592 Feb. 11__. 77,883 23,978 3,341 50, 564 241, 874 142,477 140, 412 2,065 143,395 Feb. 18__- 77,006 23, 585 2,857 50,564 237,765 144,649 141,997 2,652 136,686 Feb. 25... 76,974 23,797 2,613 50, 564 242, 615 144,375 141,752 2,623 139,965 Mar. 4___. 76, 380 23,444 2,372 50, 564 244.061 150, 579 145,758 4,821 137,665 Mar. 11... 74, 658 21,928 2,372 50,358 244, 985 148,136 145,774 2,362 137,506 Mar. 18... 70,780 19, 345 2,083 49,352 253, 053 149,600 148,735 865 137,185 Mar. 25... 66,830 17,373 105 49,352 259,264 155,959 149.435 6,524 136,542 Apr. 1.... 67, 499 18,042 105 49, 352 263,270 155,186 152.436 2,750 140,478 Apr. 8 64,739 15, 282 105 49,352 261,651 355,609 154,424 1,185 137,136 Apr. 15... 63, 842 14, 385 105 49,352 260,531 155,607 152,964 2,643 137, 442 Apr. 22__. 65,279 15,822 105 49,352 251, 773 150,302 147,117 3,185 134,590 Apr. 29... 68, 201 18,744 105 49,352 250, 738 149.836 147,334 2,502 135,459 May 6 65,872 16,414 106 49,352 253,598 152,212 151,033 1,179 135,087 May 13... 67,187 17,729 106 49,352 258, 905 152,889 151,072 1,817 140,179 M M a a y y 2 2 7 0 . . . . . . 68,337 1 18 8 , , 8 9 7 3 9 0 1 1 0 0 6 6 4 4 9 9 . . 3 3 5 5 3 2 2 2 5 6 9 1 , , 6 5 2 7 9 2 1 14 4 8 7 , , 0 5 5 9 3 7 1 1 4 4 6 5 , , 4 0 4 1 5 5 2 2 , , 1 0 5 3 2 8 1 1 4 4 6 7 , , 3 0 3 5 2 5 June 3 69,171 19,712 106 49,353 260,279 151,336 147,977 3,359 149,195 June 10... 69,227 19, 768 106 49,353 259,672 148,692 146,805 1,887 146,669 June 17. _. 66, 770 18,823 106 47,236 267, 235 151, 041 144,743 6,298 145,756 June 24... 69,118 17,685 106 49, 094 262,632 152,622 144,115 8,507 144,157 Julyl.... 69, 281 16, 516 1,045 50,970 266,181 155, 922 148.382 7,540 145,981 July 8 72, 340 15,201 2,922 53,467 258, 216 152,547 148,013 4,534 145,541 July 15... 73,157 15.298 2,922 54,247 260,702 153,643 147,321 6,322 145,769 July 22... 74,853 16,597 3,223 54, 473 257,346 152,378 145,349 7,029 145,888 July 29... 75,494 17,055 3,406 54,473 257, 737 153,222 144,630 8,592 145,693 Aug. 5.... 79,428 18,033 3,412 57,273 261,794 160,854 145,594 15,260 146,970 Aug. 12... 77,422 17,876 4,369 54,467 268,888 164,383 146,108 18,275 149,353 Aug. 19... 82,866 18,221 9,648 54,467 261,034 162,782 144,598 18,184 148,906 Aug. 26... 85,324 18,105 12, 222 54,467 257,824 161,469 141,529 19,940 148,662 Sept. 2.... 90,352 18,377 16,364 55,081 256, 425 164,736 146,359 18,377 148,671 Sept. 9_._. 94,574 21,739 17, 224 55,081 253,494 161,047 139,840 21,207 153,442 Sept. 16...105, 976 32.299 17, 336 55,081 251.062 162,877 144, 35318, 524 161,671 Sept. 23.. 111,918 45,209 9,117 56, 332 243,966 151, 578 136,537 15,041 166,879 Sept. 30-.. 115,464 48, 723 9,137 56,344 235,807 146,426 136,693 9,733 171,988 Oct. 7.... 139,153 71,940 9,137 56,344 260, 405 147,224 130,243 16,981 219,834 Oct. 14... 168,863 91,292 13,624 57,187 256,553 158,001 133, 25124,750 232, 615 Oct. 21... 177,618 98, 249 14,667 57,942 264,887 149,982 131,592 18,390 260,551 Oct. 28... 184,251 103,199 15,707 58,585 258,891 147,790 130,580 17,210 262,307 Nov. 4—. 176,559 101,904 9,483 58,412 276,146 146,184 127,332 18,852 271,068 Nov. 11.. 181,089 106,662 8,290 58,337 275,722 147,174 128, 51918,655 276,046 Nov. 18.. 180,746 107,896 6,914 58, 111 269,901 146,067 130,190 15,877 271,374 Nov. 25.. 180,672 109,263 5,770 57,804 269,710 143,309 125,997 17,312 274,380 Dec. 2.... 173,810 102,916 5,562 57,497 279,707 147,278 131,104 16,174 274,099 Dec.9.._. 175,641 104, 703 5,551 57,497 276,240 143,957 127,783 16,174 274,239 Dec. 16- 181,946 117,628 4,431 54,097 264,130 139,070 127,703 11,367 273,452 Dec. 23 ._ 206,029 137,825 4,330 57,931 239,910 136,397 121, 26815,129 279,426 Dec. 30.. 194,051 115,575 4,074 57,652 11,000 244,605 134,469 122,739 11,730 271,568 1 Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
140 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS—Continued CLEVELAND [In thousands of dollars] Bills bought in United States open market Government Deposits Total securities Federal bills Bills Total reserve Date s t e a i c n e u d s r 1 i- co d u i n s t - ed B r o o i u g u g h t- h t t Under B r o o i u g u g h t- h t t U a re g n s r d a e e l e e r - c s a e s r h v r e e s - Total b r e M e r s e e b m r a v n - e k O d t e h - er c n i o r t c i t o e u s n l a i - n ment ment balances 1931 Jan. 7— 121,691 34,180 26,831 59,680 303.670 206,831 198,736 8,095 191,063 Jan. 14— 111, 997 29,458 23,180 58, 359 298,437 195,406 189,915 5,491 185, 933 Jan. 21— 103,887 28, 589 16,939 58,359 304,481 198,719 193.517 5,202 181,323 Jan. 28. . 94,365 22,645 13,361 58,359 312,820 198,195 192, 284 5,911 178,883 Feb. 4... 92, 723 24,038 10,326 58, 359 314,570 199.470 193,845 5,625 178,177 Feb. 11.. 93,552 25, 725 9,468 58,359 313, 330 193,494 189.602 3,892 181, 788 F F e e b b . . I 2 S 5 . . . . 8 8 9 8 , , 0 5 1 0 4 9 2 20 2 , , 8 8 1 0 5 0 8 8 , , 3 8 3 5 5 5 i 5 5 8 8 , , 3 3 5 5 9 9 3 3 2 2 0 5 , , 1 4 6 7 3 4 2 1 0 9 0 8 , , 8 80 0 4 8 1 19 9 4 6 , . 1 5 1 1 3 8 4 4 , , 2 6 9 9 0 1 1 18 8 1 0 , , 0 7 9 9 5 5 Mar. 4___. 87,660 18.656 10,645 58,359 325,917 202,116 194,841 7,275 180, 763 Mar. 11.. 92,874 18, 881 15,886 58,107 319,836 200, 929 195, 348 5,581 181,273 Mar. 18... 87, 310 14, 485 14, 970 57,855 319,366 197, 767 194, 985 2,782 178,837 Mar. 25.. 81,959 13, 848 10, 256 57,855 327,026 200.471 195.603 4,868 177, 885 Apr. 1... 88,060 14.657 15, 548 57,855 320, 907 200,631 196,666 3,965 178,241 Apr. 8... 92,121 13, 711 20, 555 57,855 317, 215 197,642 193, 304 4,338 180, 009 Apr. 15.. 93,098 14,437 20,806 57, 855 318,198 201, 579 198,466 3,113 181,091 Apr. 22.. 88,891 11, 768 19,430 57,693 325, 268 202, 878 198, 419 4,459 180,192 Apr. 29.. 94, 748 16, 973 20,082 57,693 319,929 194,607 4,326 184,147 May 6— 95, 726 13, 095 19,938 62,693 315,005 198,607 194,415 4,192 183, 266 May 13.. 95, 270 14, 562 18,016 62.692 328, 204 205,474 201, 367 4,107 187, 510 May 20.. 93, 001 13, 537 16, 771 62.693 325.671 198,993 195, 335 3,658 189, 399 May 27.. 93, 723 13,454 17, 576 62,693 323,683 194, 387 190,335 4,052 191,761 June 3— 92, 351 13,908 15, 753 62,690 330, 047 201,362 195,617 5,745 191, 749 June 10.. 94, 387 17, 530 14,167 62,690 331,547 202,136 197,894 4,242 193,905 June 17. _ 93,965 20,173 10, 317 62,690 325,473 191, 111 186,167 4,944 200,589 June 24.. 94, 351 16,853 9,996 65,105 331,645 197, 368 189,982 7,386 197,919 Julyl... 94,354 17,611 8,564 67, 544 335,496 199,398 190,818 8,580 202,116 July 8.-- 95, 884 15, 720 70, 790 341, 510 206,407 199,115 7,292 201,115 July 15... 95, 514 15, 535 7, 71,803 339,908 199,573 190, 723 8,850 200,285 July 22... 96,316 16, 952 6,879 72,085 337,627 204,088 189, 331 14, 757 198,968 July 29... 94,818 16, 262 6,071 72,085 338,785 204,004 188,147 15,857 198,885 Aug. 5— 95,361 17, 484 5,442 72, 085 344,767 212, 524 191,404 21,120 198,374 Aug. 12.. 16,892 9,142 72,085 349,818 212, 745 188,009 24, 736 204, 798 Aug. 19.. 117,097 30, 517 14, 395 72,085 354,205 212,937 187,501 25,436 230,668 Aug. 26. . 119,994 29, 913 17,896 72,085 361,167 208, 774 180,834 27,940 240,208 Sept. 2... 129, 504 34,004 23,315 72,085 349, 637 211,436 186,024 25,412 239,251 Sept. 9.._ 127, 924 33,293 22, 446 72,085 358, 922 212, 541 183,210 29, 331 244,164 Sept. 16- 125, 718 31,890 21, 743 72,085 350,423 204,891 182, 34422, 547 242,553 Sept. 23- 135,072 45,315 17,672 72,085 340, 066 193,481 173,141 20,340 250,159 Sept. 30- 167,038 45,836 45, 227 72,085 3,890 310,251 184,317 167,542 16, 775 263,624 Oct. 7.— 186,287 61,064 52,656 72,085 310,985 187,277 164, 956 22, 321 278,551 Oct. 14— 206,404 76, 865 57,454 72,085 304,307 194, 351 165,320 29,031 286,514 Oct. 21— 223,052 92,465 57, 566 73,021 285,458 184,291 157,275 27,016 295,914 Oct. 28.- 231,103 101,317 56,243 73,543 280,080 179,485 153,557 25,928 304,386 Nov. 4... 224,670 106,161 45, 275 73, 234 291, 799 178,359 150,379 27,980 311,476 Nov. 11.. 217, 826 102, 230 42, 363 73, 233 303, 511 179,798 151,433 28,365 315, 703 Nov. 18- 204,422 94,824 36,647 72,951 306,700 175,490 153,550 21,940 311, 761 Nov. 25- 198,005 93,431 31,623 72,951 313,787 173,569 149,831 23,738 311,767 Dec. 2... 189,301 99,441 26, 909 62, 951 324,176 173,595 149,728 23,867 312,961 Dec. 9... 191,541 106,529 22,061 62,9511 325, 599 172,939 148,690 24,249 316,136 Dec. 16.. 189,471 111,897 14,623 62,951 324,455 167,335 147,476 19,859 320,031 Dec. 23.- 203,948 127, 581 67,899 319,388 168,254 145,384 22,870 330,232 Dec. 30.- 188,171 114,862 5,792 -I 67,517 331,049 172,032 153, 008 19,024 321,469 i Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EACH FEDERAL RESERVE BANK 141 No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OP EACH FEDERAL RESERVE BANK, BY WEEKS—Continued RICHMOND [In thousands of dollars] United States Total B o i p ll e s n b o m u a g r h k t e i t n Go se v c e u r r n it m ie e s nt Deposits Federal bills Bills Total reserve Date s t e a i c e n u s d r i i- co d u i n s t - edBo r o i u u g g t h h - t t U r a m e g n s e r d a e n e l e t e r - B r o o ig u u g h t- t ht c s a e s r h v e re s - Total b b r e M a e r l s e a e b m n r a - c v n e e k sp O o d t e s h - i e ts r n c o i t r i t c o e u s n l i a n - 1931 Jan.7 24,281 10,006 12, 582 118,298 64,921 61,534 3,387 95,566 Jan.14. __ 47,594 22,899 7,434 17,261 110,547 62,216 58,790 3,426 90,403 Jan. 21... 45,089 21, 589 6,239 17,261 114,965 65,083 62,967 2,116 88,833 Jan. 28— 39,821 18,714 3,846 17,261 117, 220 64,162 58,746 5,416 86,310 Feb.4 41,094 19,925 3,908 17,261 114,817 64,182 61,846 2,336 86,380 Feb. 11... 38, 406 18,453 2.692 17, 261 116,117 66,050 62,942 3,108 83,700 Feb. 18... 36,727 17,345 2,121 17, 261 114,845 63,457 60,210 3,247 82,589 Feb. 25— 36,485 17, 250 1,974 17, 261 115, 524 62,845 60,571 2,274 81,696 Mar. 4____ 35,842 16,836 1,745 17, 261 116, 566 63,925 62,077 1,848 81,737 Mar. 11... 36,380 17,563 1,695 17,122 115,519 64,445 60,914 3,531 80,916 Mar. 18... 32,793 14,410 1,400 16, 983 113, 646 59, 888 59,414 474 80, 234 Mar. 25... 30,935 13.479 473 16,983 121, 553 63, 671 60, 599 3,072 79,483 Apr. 1 32,281 15,054 244 16,983 120,416 65,453 60, 565 4,888 79, 637 Apr. 8.... 32,938 15,792 163 16, 983 116,814 63,122 61, 654 1,468 79,350 Apr. 15... 31, 562 14,475 104 16,983 118, 222 64,976 62,075 2,901 78,483 Apr. 22... 28, 962 11,937 43 16,982 119, 984 64,925 62,116 2,809 77,112 Apr. 29. _. 30,069 13,043 43 16, 983 116,836 64, 653 61, 209 3,444 76,214 May6.._- 44.954 14,928 43 29, 983 104, 692 67,373 64,854 2,519 76,449 May 13... 43,409 13,383 43 29,983 103,389 65, 210 63,241 1,969 75,047 May 20... 47,719 16,796 940 29,983 99,100 64, 630 62,128 2,502 74,438 May 27... 50,403 18, 214 2,206 29,983 95,963 66,359 61,865 4,494 73,291 June 3 51,876 19,028 2,865 29,983 94,079 65,370 63,585 1,785 74,207 June 10... 53,598 19,035 4,580 29,983 88, 706 62.875 61,328 1,547 72,146 June 17. _. 51,832 17,835 3,679 29,983 87,133 61,671 60,541 1,130 71,102 June 24... 56, 628 21,922 3,810 29, 983 85, 570 64,030 59, 290 4,740 71,095 July 1_-- 49,996 16, 595 3,173 29,983 94, 726 66,417 59,692 6,725 71,890 July 8.... 51,504 16,745 3,481 31,033 91,392 65,262 62,096 3,166 71,076 July 15... 52,173 17,235 3,160 31, 558 90, 222 66, 724 62,212 4,512 68,970 July 22... 52,238 17,429 3,031 31,558 87,951 64,814 59,927 4,887 67,864 July 29... 51, 779 17, 785 2,216 31, 558 88, 111 66.157 60,113 6,044 67,016 Aug. 5 52,320 18, 231 2,347 31, 557 90,929 69,121 61,810 7,311 67, 235 Aug. 12... 54,027 17,862 4,423 31, 557 89,766 70.481 61,802 8, 679 66,630 Aug. 19... 55,414 19, 721 4,075 31, 558 89,918 70, 668 61,733 I 8,935 67,688 Aug. 26. _ . 55,426 18,751 5,057 31, 558 89, 501 70.876 59,694 11,182 67, 218 Sept. 2... 55,674 19.480 4,576 31,558 69,715 62, 270 7,445 68, 243 Sept. 9— 55,276 20, 283 3.375 31,558 I. 95,104 72,026 60,862 11,164 71, 261 S S Se e e p p p t t t . . . 3 2 1 0 3 6 . . . — _ . 6 8 5 5 0 6 , , , 3 0 9 4 1 8 9 8 2 2 26 2, , 2 6 1 5 4 6 20 6 2 , , , 4 5 5 3 6 1 5 2 0 3 3 3 1 1 1 , , , 5 5 5 5 5 5 8 8 8 8 9 7 1 3 9 , , , 5 3 5 9 9 5 9 2 8 6 6 6 8 7 4 , , . 8 7 4 5 9 8 7 4 2 6 5 5 0 9 6 , , , 9 8 5 5 9 0 3 2 0 8 7 7 , , , 2 5 9 9 9 0 4 0 4 8 8 7 0 2 2 , , , 0 8 3 8 4 3 7 4 5 27,198 Oct. 7 88.955 28.592 28,105 31, 558 75,835 68,787 58, 960 9,827 88,029 Oct. 14-_ . 95, 230 31,181 31, 791 31, 558 73,436 70, 699 58,901 111,798 91,884 Oct. 21__. 88, 738 40,070 20, 562 27,406 80, 346 64, 612 57,194 7, 418 97,926 Oct. 28... 87, 236 42, 564 16, 566 27,406 84,170 67,414 57,429 9,985 Nov. 4_._ 83.026 38, 970 15, 950 27,406 88,309 64,892 58,173 6,719 99,184 Nov. 11... 83,333 39,078 16.149 27,406 88, 590 65, 269 56, 235 9,034 100,460 N N o o v v . . 2 1 5 8 . . . . . . 8 83 3 , , 8 6 8 4 8 7 3 3 9 9 , , 6 39 3 1 2 1 1 6 6 . , 1 1 5 5 0 0 2 2 7 7 , , 4 4 0 0 6 6 8 8 3 5 , , 7 2 0 1 3 9 6 63 2 , , 2 2 8 4 5 5 5 53 5 , , 9 6 0 3 8 3 6 9 , , 3 6 7 1 7 2 9 9 9 9 , , 6 0 3 4 9 5 Dec. 2.... 82, 216 39, 748 14, 362 27,406 86, 536 62,951 56, 360 6,591 99,769 Dec. 9.._. 77.027 36,266 12, 655 27,406 88,485 61.158 54,645 6,513 98,563 Dec. 16... 74, 263 35.977 10,180 27,406 90,139 60, 209 55,412 4,797 98,948 Dec. 23... 79, 564 46,812 7,646 24,406 90,046 61,844 52, 262 9,582 104, 569 Dec. 30... 75, 501 41,447 9,273 24,081 92,118 56, 632 51,848 4,784 106,382 »Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
142 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS—Continued ATLANTA [In thousands of dollars] Bills bought in United States open market Government Deposits Total securities Federal bills Bills Total reserve Date s t e a i c e n u s d r i » - co d u i n s t - ed B r o o ig u u g h t- h t tU r a m e g n s r e d a e n e l e e t r - B r o o i u g u g h t- h t t U a r m e g n s r e d a e n e l e e t r - c s a e s r h v e r s e- Total b b r e M e a r s l a e e b n m r a v c n - e e k s p O o d t s e h i - e ts r n c o i t r i t c o e u n s l a in - 1931 Jan. 7..... 46,505 22,710 16,078 7,717 155,240 63,880 60,618 3,262 133,973 Jan. 14... 40,258 21,793 10,702 7,763 159, 870 63,155 58,797 4,358 132,749 Jan. 21... 38,773 21,965 9,092 7,716 165,193 63,765 59, 664 4,101 135,116 Jan. 28— 40, 527 24,965 7,721 7,841 158.347 62,163 57, 603 4,560 132,805 Feb. 4_._ 37, 708 23,637 7,773 160,022 61,015 59,171 1,844 131,802 Feb. 11... 34,500 21,979 4,802 7,719 161,947 61,932 59,339 2,593 130, 701 Feb. 18- 35,483 21,917 5,829 7,737 160,204 60, 340 58, 588 1,752 130,457 Feb. 25.. 30,122 16, 378 6,028 7,716 166,740 64,324 61,929 2,395 129,052 Mar. 4— 28,987 14,772 6,462 7,753 167,154 60,859 58,687 2,172 130,089 Mar. 11- 32,706 14,431 10,186 165, 071 61,815 60, 653 1,162 130,641 M M a a r r . . 1 2 8 5 - - . 2 3 9 1 , , 4 2 7 3 8 8 1 11 1 , , 8 5 7 9 0 3 6 5, , 0 6 8 6 0 5 1 1 2 2 , , 8 7 0 0 5 3 1 1 6 6 7 6 , , 2 5 0 1 1 3 6 61 0 , , 2 21 3 6 0 5 59 7 , , 8 7 4 9 8 5 3, 4 3 2 8 1 2 1 13 2 0 9 , , 8 5 6 2 9 0 Apr. I.... 32,389 13,425 6,283 12,681 167,941 63,140 61,084 2,056 131,123 Apr. 8.—. 31,032 11, 245 7,034 12,753 169,854 62, 579 60,874 1,705 131,770 Apr. 15... 9,770 5,675 12,854 172,481 63, 569 60, 514 3,055 131,392 Apr. 22. _ 28,911 10,048 6,106 12,757 171,366 63,015 59,944 3,071 132,039 Apr. 29— 29,983 10,321 6,907 12,755 171,928 65,454 62,951 2,503 130,081 May 6--. 35,955 9,937 10,340 15, 678 161, 329 61,038 59, 831 1,207 130, 575 May 13... 39,946 10,041 8,989 20,916 155,100 60,026 58,421 1,605 129, 659 May 20... 41,034 11,987 8,190 20,857 154,495 61, 558 59,947 1,611 128,869 May 27... 41,377 12,356 8,319 20,702 150,157 58,677 57,694 • 983127,409 June 3 41,938 12,498 8,625 20, 815 150, 349 58,980 57,308 1,672 127, 317 June 10. _. 42,341 12,461 9,207 20,673 149, 659 61, 580 60,132 1,448 124,715 June 17... 40, 386 12,299 7,093 20,679 147, 216 58,075 57, 370 705 123,098 June 24... 41,654 12,807 7,178 20,838 142.348 58, 545 54,950 3,595 120,830 July :L-_.. 41, 691 11,469 9,251 20,741 146, 556 58,841 3,645 120,134 July 8_... 42,845 11, 299 9,621 21,695 141,832 60, 288 57, 352 2,936 118,822 July 15... 42,433 12,013 8,026 22,184 140, 756 60, 868 57,403 3,465 117,009 July 22... 44,053 13, 538 7,921 22, 384 136, 859 59,689 56,053 3,636 115,972 July 29... 45,209 16,008 6,689 22,302 135,947 61,166 56, 584 4,582 114, 553 Aug. 5 43,940 17,058 4,374 22,333 138,756 61,291 56, 250 5,041 114, 528 Aug. 12._. 45, 547 17,936 5,115 22,321 136,882 62, 383 54, 725 7,658 113, 575 Aug. 19.-. 49,033 21,750 4,891 22, 342 133,341 61,970 54, 313 7,657 113,256 Aug. 26... 48,585 22, 357 3,862 22, 316 133, 297 62, 625 54, 269 8,356 112,507 Sept. 2.... 48,658 22,633 3,658 22, 317 132,476 61,327 53, 442 7,885 112,684 Sept. 9_... 49, 476 23,148 3,779 22,499 134,234 64,140 55, 299 8,841 112,857 Sept. 16... 52,194 25,924 3,298 22, 372 128, 302 60, 684 53, 661 7,023 111, 923 Sept. 23... 56,122 26,190 6,723 22,609 124,041 61,056 54,352 6,704 111,611 Sept. 30... 72,070 29,892 19,231 22,347 104, 542 56,415 52,059 4,356 112,215 Oct. 7__- 80,613 30,750 26,751 22,340 102,374 59, 513 52,171 7,342 115,488 Oct. 14-.. 93,954 31, 578 39,436 22, 340 94, 558 63,995 52,731 11, 264 117,205 Oct. 21__. 104,427 41,105 40,355 22,367 80, 201 50,128 8,768 118,178 Oct. 28... 102, 572 47,156 37, 512 17,304 59,299 50,808 8,491 117,648 81, 562 Nov. 4___. 103,077 49, 686 35,481 17, 310 81,015 57,625 50,905 6,720 119,514 Nov. 11... 104,061 50, 671 35,484 17,306 80, 590 57,075 49,029 8,046 120,318 Nov. 18.-. 98,912 51,328 29,797 17,187 87, 560 58,340 51,395 6,945 121,095 Nov. 25... 96, 548 49,720 29,021 17,207 86,095 56,962 49, 074 7,888 119,181 Dec. 2.-. 103,776 58,098 27,815 17,263 79,500 55,872 49,161 6,711 120,427 Dec. 9 96,330 54, 081 24, 440 17,209 86,755 55,311 48,591 6,720 120, 552 Dec. 16-. 87,016 53,660 17,974 14,782 94,494 52, 527 48,134 4,393 120, 574 Dec. 23... 77,875 47,486 14,953 14,836 104,784 53,235 47, 307 5,928 123,662 Dec. 30... 71,446 45,275 12,412 12,614 295 115,602 60,147 54,869 5,278 120,440 * Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EACH FEDERAL, EESEKVE BANK 143 No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS—Continued CHICAGO [In thousands of dollars] Bills bought in U G n o it v e e d r n S m tat e e n s t Deposits Total open market securities Federal bills Bills Total reserve Date s t e a i c e n u s d r i i- cou d n is te - d Bo r u o i g g u h h t- t t U a m g n r e d e n e e t r - B r o o ig u u g h t- h t t U a r m g e n s e r d e a n e e l t e r - c s a e s r h v e r s e- Total b b r e a M e r l s a e e b n m r a c v n e - e s k p O o d t e s h - i e ts r n c o i t r t i c e o u s n la in - 1931 Jan. 7 161,271 30,019 45,885 1,764 82,603 363,234 345,002 342,472 2,530 142,337 J J J a a a n n n . . . 2 1 2 4 8 1 _ . _ . . . . _ . 1 1 1 4 3 2 5 3 4 , , , 5 0 4 4 0 7 5 6 4 2 2 23 2 6 , , , 0 7 6 2 2 4 9 7 0 3 2 1 7 4 7 , , , 8 5 9 2 8 4 9 0 4 1,8 9 9 4 7 2 3 8 3 8 8 8 1 1 1 , , , 8 8 8 4 4 4 4 4 4 3 3 39 6 8 0 9 6 , , , 9 8 7 1 8 2 5 9 2 3 3 3 4 3 3 0 5 4 , , , 5 7 2 5 4 9 3 4 4 3 3 32 3 3 9 1 7 , , , 9 1 8 5 0 7 5 8 7 3 3 4, , , 7 4 4 8 4 1 9 5 7 1 1 1 4 4 4 3 3 3 , , , 5 1 4 6 2 0 3 5 8 Feb. 4.... 121,758 22, 556 15, 805 1, 553 81, 844 398,854 337, 586 335, 424 2,162 144,498 Feb. 11.. 114, 526 18, 759 13, 451 472 81, 844 404,911 334, 700 331,813 2,887 148,062 Feb. 18... 115,084 19, 089 12, 258 1,893 81,844 421,011 351,685 337, 816 13, 869 147, 002 Feb. 26... 111, 546 17, 725 11, 699 278 81, 844 411, 009 334, 750 330. 691 4,059 149, 608 Mar. 4... 111, 846 16, 678 12, 796 528 81, 844 422, 200 344,450 337, 930 6,520 151, 403 Mar. 11.. 119, 071 15, 884 21, 444 257 81, 486 402, 484 329, 470 325, 583 3,887 153,330 M M a a r r . . 2 1 5 8. . . . 1 1 0 1 8 4, , 6 0 0 52 5 1 1 3 2 , , 8 5 6 9 5 3 1 14 9 , , 0 8 5 8 9 4 8 8 1 1 , , 1 1 2 2 8 8 4 42 1 5 5 , , 1 2 2 2 5 6 3 32 3 8 0 , , 8 5 4 8 1 2 3 3 2 2 9 2, , 2 5 5 7 8 3 6 1 , , 3 26 2 8 4 1 1 6 6 5 0 , , 2 3 6 0 9 3 Apr. l.._. 110, 873 12, 324 17, 421 81,128 430, 511 324,854 321, 502 3,352 177,570 Apr. 8_._ 118,304 11, 635 25, 246 295 81,128 446, 303 338, 482 334,103 4,379 190,154 A A A p p p r r r . . . 2 2 1 2 9 5 . . . . . . . . . 1 1 1 1 1 1 4 5 6 , , , 0 4 5 3 9 4 6 7 1 1 1 1 3 3 2 , , , 3 3 6 5 6 3 1 9 7 2 2 1 0 2 8 , , , 2 4 3 0 0 8 3 2 9 1,3 8 1 5 2 5 5 9 5 8 8 8 1 1 1 , , , 1 1 1 2 2 2 8 8 8 4 4 4 8 6 9 7 8 3 , , , 4 4 2 3 7 1 7 1 6 3 3 3 3 4 4 4 0 7 , , , 7 0 0 9 6 5 3 3 0 3 3 3 3 4 3 7 3 0 , , , 4 8 0 9 9 0 6 4 7 3 3 3, , , 2 6 5 5 9 5 6 9 4 2 2 2 1 2 2 2 5 1 , , , 5 3 7 2 6 2 2 8 5 May 6 117, 712 13, 500 20,403 2,681 81,128 490, 504 347, 219 339,838 7,381 222,405 May 13.. 112, 798 12, 229 18, 648 793 81,128 482, 646 334,153 330, 669 3,484 222,032 M M a a y y 2 2 7 0 . . . . . . 1 11 1 3 1 , , 2 7 9 8 7 8 1 11 3 , , 4 9 0 4 4 0 1 16 7 , , 4 5 7 4 2 5 1 1 , , 6 7 8 8 4 4 8 8 1 1 , , 1 1 2 2 8 8 5 4 0 8 4 5 , , 1 7 6 2 9 0 3 3 4 2 8 5 , , 2 4 7 6 7 7 3 3 2 4 2 4 , , 0 43 6 1 0 3 3 , , 4 84 0 6 7 2 22 2 9 9 , , 9 5 5 9 0 1 June 3 109,849 12. 342 13,781 2,595 81,131 509, 516 344,692 336,372 8,320 235,470 June 10... 115,941 16,850 14, 987 2,207 81, 897 596, 664 350,113 346, 283 3,830 322, 545 June 17. _. 114,131 16, 340 12, 586 1,414 82, 796 609, 469 335, 685 326, 723 341,643 June 24... 117, 759 17,073 10, 682 810 86,019 601, 562 329, 585 316, 662 12,923 349,831 July 1.—. 108, 819 10,222 7,931 560 89, 271 627, 557 334, 226 324,824 9,402 364,345 July 8.... 113.994 10, 233 9,426 93, 600 644, 826 349, 319 338,449 10,870 371, 111 July 15... 115,565 11, 670 8,116 158 94, 951 629, 830 333,517 322, 883 10, 634 373,815 July 22... 115, 859 11, 897 7,942 158 95, 332 635,154 332, 004 320, 757 11,247 379, 927 July 29... 117, 268 13,636 7,612 158 95, 332 646,121 341, 719 328,361 13, 358 382,424 Aug. 6.... 118,250 14, 992 7,408 63 95, 332 666, 530 355,162 334,106 21, 056 391,199 Aug. 12... 123, 758 14,791 12, 979 201 95, 332 676, 659 365, 579 339,192 26, 387 397,665 Aug. 19... 130, 215 14, 945 19, 601 207 95,332 668,332 349,877 324,654 25, 223 410,006 Aug. 26... 137, 302 16, 571 25, 265 4 95, 332 684, 923 367, 834 338,808 29, 026 416,966 Sept. 2... 148. 639 23, 288 28, 858 96, 338 691, 773 374, 548 349, 62624,922 428, 295 Sept. 9.... 147, 617 23,307 27, 842 96, 338 686, 622 356,360 325, 71530, 645 441,845 Sept. 16.. 150, 205 25, 582 26, 495 96,338 690,964 358. 339 331, 79226,547 447,014 Sept. 23.. 188,173 32, 685 55, 262 644,228 342, 202 318, 74723, 455 452, 981 Spet. 30.. 193, 625 18, 015 74, 884 500 98,436 642,182 344,206 329, 37014,836 456,107 Oct. 7.... 221, 374 28, 446 92, 058 98,436 638, 222 340.080 317, 30422, 776 483,648 Oct. 14... 257, 490 39,492 116, 344 99,864 602, 221 337, 016 304,131 32,885 486, 582 Oct. 21... 289, 994 61, 518126, 527 99,864 554,860 321, 253 295, 53825, 715 487,766 Oct. 28... 291,149 71, 456 116, 744 100, 864 557,141 327,945 303,143 24, 802 483,581 Nov. 4.. . 283, 045 75, 956 104,140 100, 864 560, 658 317, 684 292, 41425, 270 491,264 Nov. 11... 268, 651 69,385 96, 317 100,864 562, 363 303, 283 276, 97026, 313 492,127 Nov. 18... 254,253 60, 641 90, 044 100,483 578, 911 305, 499 284, 05621,443 491, 763 Nov. 25.. 256, 997 85,129 99, 980 584, 680 312, 007 288, 52723, 480 492, 915 Dec. 2.... 264, 957 85,913 76,482 99, 477 577, 462 305, 969 282, 87223, 097 497,868 Dec. 9.... 262, 393 89, 499 70, 212 697 312,123 289,575 22, 548 501,763 Dec. 16.. 283,429 77,960 62,307 139, 477 579, 855 320, 604 304, 63015, 974 508,035 Dec. 23... 260,236 98,676 52,093 105, 977 590, 482 295, 516 269, 74025, 776 526,885 Dec. 30.. 244,806 95,309 40, 476 105, 531 607, 782 299,359 285, 75813, 601 519,307 1 Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
144 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS—Continued ST. LOUIS [In thousands of dollars] Bills bought in United States open market Government Deposits Total securities Federai bills Bills Total reserve Date s t e a i c e n u s d r i i- co d u i n s t - edB r o o i u g u g h t- h t t U a m r g n e r e s d e n a e e l t r - eB r o o i u g u g h t- h t t U a m g n r e d e n e e t r - c s a e s r h v e re s - Total b b r e M e a r s l a e e b n m r a v c n - e e k s p O o d t s h e i - e ts r n c o i t r t i e c o s u n l i a n - 1931 Jan.7 45,958 11, 091 10, 066 24, 801 117,875 74,498 72,840 1,658 84,163 Jan.14... 41,794 10,537 7,106 24,151 116,080 70,330 68,641 1,689 82,164 Jan. 21... 41, 306 11, 207 5,948 24,151 114,404 69,010 66,994 2,016 81,447 Jan.28._. 39,892 10,802 4,939 24,151 115,187 69, 328 67.064 2,264 79, 996 Feb. 4.__. 38, 322 9,942 4,229 24,151 121, 628 73,065 70,196 2,869 80,452 Feb. 11... 36, 918 8,920 3,847 24,151 122, 638 74,208 70, 593 3,615 79, 255 Feb. 18... 37,179 8,741 4,287 24,151 121,154 72,225 70, 652 1,573 78, 920 Feb. 25... 38,004 9,168 4,685 24,151 116, 562 70, 884 68, 663 2,221 78,014 Mar. 4— 38,231 9,149 4,931 24,151 116,408 70, 287 69,115 1,172 77, 726 Mar. 11... 39,975 8,158 7,792 24, 025 114, 369 71, 512 69, 508 2,004 76,815 Mar. 18.. 39,225 8,023 7,303 117,137 71, 283 70,417 866 76, 947 Mar. 25... 37,153 7,946 5,308 23,899 119,215 73,492 71, 746 1,746 76, 287 Apr. 1... 38, 236 7,899 6,438 23, 899 118, 047 71, 706 69, 920 1,786 77,018 Apr. 8__. 41,082 7,421 9,762 23, r 117, 901 75,301 72, 774 2,527 76, 834 Apr. 15... 41, 277 7,490 9,888 23,899 117,148 75,046 73, 514 1,532 76,156 Apr. 22... 40, 316 7,928 23,899 114,886 73, 039 70, 905 2,134 75, 326 Apr. 29... 40, 087 8,173 8,015 23, 899 116,221 74.172 72, 365 1,807 74, 712 May (L__. 42,172 7,029 9,701 25, 442 119, 025 77, 370 76,177 1,193 76, 508 May 13... 41, 362 9,232 25, 442 114,060 74,562 72, 744 1,818 73, 366 May 20—. 41, 364 6,713 9,209 25,442 115, 745 76,470 75,275 1,195 73,422 May 27— 41,207 7,051 8,714 25, 442 113, 218 75, 965 74,283 1,682 72, 621 June 3 41, 015 8,075 7,498 25,442 119, 951 79, 568 76,258 3,310 73, 710 June 10 __. 39, 729 6,852 7,435 25,442 116, 389 76, 744 75.065 1,679 72, 521 June 17... 38, 987 7,216 5,904 25,442 113, 641 71, 600 70, 672 928 72, 666 June 24... 41,135 7,565 6,018 26, 742 111, 483 74, 296 71, 760 2,536 72,167 July 1.... 41, 600 7,874 5,446 28, 055 113, 797 74,889 70, 916 3, 973 72, 931 JulyS.-. 42,189 7,244 4,917 29,803 111,517 72,820 70, 363 2,457 73,113 July 15... 42,543 9,189 2,805 30, 349 108, 971 70, 596 67,522 3,074 73,093 July 22... 42,125 9,286 2,163 30,476 109, 721 72,576 68,436 4,140 72, 268 July 29... 42,138 9,724 1,738 30,476 106, 784 71.173 67, 394 3,779 71, 729 * Aug. 5— 42,120 9,553 1,891 30, 476 110, 677 73, 933 67, 631 6,302 72, 237 Aug. 12— 43, 608 10, 048 2,884 30, 476 108,039 72, 986 65,188 7,798 72, 014 Aug. 19... 43,499 9,977 3, 006 30, 476 112,109 73, 928 66, 516 7,412 73, 208 Aug. 26... 45, 327 10, 939 3,872 30,476 113, 664 77, 336 73, 391 Sept. 2... 45, 487 11,319 3,420 30, 708 113, 982 75, 752 67, 657 8,095 74, 852 Sept. 9... 44, 654 10, 487 3,419 30, 708 115, 343 77, 203 67,658 9,545 75, 819 Sept. 16.. 46, 798 13, 376 2,084 30, 708 110, 223 71, 976 64,477 7,499 75,972 Sept. 23.. 50,223 12, 514 5,868 31,211 106, 614 72,902 66,441 6,461 75, 729 Sept. 30.. 63, 944 14,408 17, 695 31,211 90,031 68,420 62, 272 6,148 76, 620 Oct. 7.... 71,104 13, 693 25,404 31, 211 88, 767 72,164 65, 388 6,776 78,416 Oct. 14... 80,886 14,101 34, 944 31, 211 84, 045 76,806 66, 823 9,983 80,185 Oct. 21__ 86, 961 21,188 33, 932 31, 211 79,196 72, 692 65, 215 7,477 83, 420 Oct. 28... 87, 583 24, 264 31,478 31, 211 76, 418 71, 218 62, 636 8,582 84,848 Nov. 4— 86,051 25,231 28,979 31, 211 80, 922 73,019 65, 709 7,310 85, 691 Nov. 11-. 82, 815 24, 587 26, 387 31,211 83, 741 72, 732 64, 320 8,412 86,076 Nov. 18.. 81,489 25,471 24, 304 31, 86, 766 73,117 66, 501 6,616 85, 890 Nov. 25_. 80, 337 27,564 21,175 30, 968 85, 368 73,109 65,119 7,990 84, 926 Dec. 2-_ 77,367 26, 534 19, 352 30,851 87, 005 69, 724 61,846 7,878 85, 953 Dec. 9_— 74,165 26, 863 15,821 30, 851 90,569 71, 770 65, 089 6,681 85, 505 Dec. 16.. 66, 664 26,879 11, 554 27, 351 95, 962 67,880 63, 371 4,509 86,589 Dec. 23- 64, 791 29,048 7,512 27, 351 101, 526 69, 922 62, 924 88,648 Dec. 30— 62, 369 21, 742 12, 648 27,099 108, 273 76, 741 68, 928 7,813 86, 933 i Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BACH FEDERAL EESEEVE BANK 145 No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS—Continued MINNEAPOLIS [In thousands of dollars] Bills bought in United States Total open market G s o e v c e u r r n i m tie e s nt Deposits Federal bills Bills Total reserve Date s t e a i c e n u s d r ^ i- co d u i n s t - ed B r o o ig u u g h t- h t t U a r m e g n s r e d a e n e l e e t r - B r o o ig u u h t g - t htU a r m e g n s r e a e d n l e e e t - r c s a e s r h v e re s - Total b b r e M e a r s l a e e b n m r a v c n ' e e k sp O o d t s e h i - e ts r n c o i t r i t c o e u n s l a in - 1931 Jan. 7 39,554 4,080 8,860 26,406 51,517 50,691 52,219 Jan. 14.... 35,952 4,189 5,749 26,014 68,714 49,345 48,542 803 50,844 Jan. 21.... 35,987 4,185 5,505 26,297 70,837 51,669 49,918 1,751 49,997 Jan. 28— 33.569 4,016 3,115 71,863 51.184 49,082 2,102 48,997 Feb. 4.... 33,059 4,205 2,714 26,140 71, 667 49,436 48,435 1,001 49,495 Feb. 11... 32,370 3,946 2,121 26,303 70,481 48,405 46,723 1,682 48,807 Feb. 18... 32,977 3,954 2,685 26,338 69,090 48,460 46,203 2,257 48,319 Feb. 25... 32,857 3,917 2,812 26,128 69,136 48,142 46,449 1,693 47,661 Mar. 4— 33,556 3,793 3,747 26,016 69,052 49,018 47,918 1,100 48,053 Mar. 11— 34,471 3,808 4,573 26,090 67,605 48,684 47,633 1,051 47,839 Mar. 18— 33.553 3,493 4,371 25,689 73,670 52,679 52,216 463 48,420 Mar. 25— 32,041 3,369 3,126 25,546 72,444 50,602 49,237 1,365 48,069 Apr. 1_ — 33,117 3,523 4,020 25, 574 72,870 51,683 49,943 1,740 48,489 Apr. 8 35, 758 3,417 6,680 25,661 71,800 53,145 51,469 1,676 49,478 Apr. 15... 34,966 3,415 5,883 25,668 66,499 48,384 47,474 910 48,358 Apr. 22. _. 34,810 3,401 5,632 25, 777 68,364 50,529 48,817 1,712 47,848 Apr. 29. _. 34,178 3,629 4,944 25,605 67,610 48,730 47,738 992 47,434 May 6 35, 545 3,665 6,171 25, 709 70,555 51,689 50,490 1,199 48,851 May 13— 35,593 4,020 6,002 25,553 66,470 49,264 48,138 1,126 48,066 May 20— 35, 220 3,841 5,648 25,714 65,922 48,213 47,581 632 47,458 May 27— 35,827 4,386 5,718 25, 705 65,359 48,653 47,611 1,042 47,130 June 3 34,730 4,913 25, 587 70,240 52, 314 50,653 1,661 47,477 June 10— 35,267 3,959 5,646 25, 625 67,866 51,125 50,169 956 46,819 June 17.._ 35, 388 4,317 3,946 26,817 68,879 50,859 49,899 960 48,185 June24._. 36,198 4,485 4,048 26,958 66,904 49.185 47,144 2,041 48, 633 July 1 35,794 4,025 3,703 27, 765 70,117 51,695 47,421 4,274 49,803 July 8 35,126 4,179 2,878 27,769 71,559 50, 955 48, 739 2,216 50,975 July 15... 33, 786 3,923 1,884 27, 681 69,430 48,501 46,445 2,056 49,857 July 22... 33,511 4,354 1,170 27, 758 70,640 49,818 46,954 2,864 49,623 July 29... 33,842 4,667 1,083 27,816 71,783 51,486 48,667 2,819 49,094 Aug. 5 33,806 4,796 1,188 27,640 73,661 51,929 48,004 3,925 50,218 Aug. 12... 34.554 4,498 2,105 27,769 72,988 52,847 47,248 5,599 49,968 Aug. 19... 34,829 4,347 2,724 27,676 75,074 54,396 48,465 5,931 51,338 Aug. 26— 35,444 4,513 3,039 27,810 73,6'86 52,579 46,944 5,635 51,333 Sept. 2. 35,224 4,364 2,883 27,895 77,310 54,131 48,605 5,526 52,980 Sept. 9.... 34,154 4,207 2,161 27,689 81,104 55,826 50,512 5,314 54,635 Sept. 16... 34,714 3,989 2,026 28,177 75,924 51,714 46,840 4,874 54,914 Sept. 23— 36,287 4,079 4,215 27,458 77,717 52,756 47,923 4,833 56,073 Sept. 30... 45,667 3,803 13,231 28,098 66,636 50,318 44,773 5,545 57,168 Oct. 7 50,700 3,899 18,226 27,930 51,946 46,924 5,022 60,790 Oct. 14... 61,002 5,892 26,586 27,968 56,954 52,765 45,689 7,076 61,278 Oct. 21... 60,593 8,259 26,919 24,858 57,528 51,061 45,655 5,406 62,292 Oct. 28... 57,479 25,622 24,879 59,409 50.186 43,928 6,258 61,922 Nov. 4. 58,960 7,186 23,230 27,915 62,418 52,846 46,564 6,282 63,281 Nov. 11 56,909 6,145 22,127 27,983 62,687 50,743 45,195 5,548 64,066 Nov. 18— 54,076 8,169 17,244 27,984 65,522 50,357 45,947 4,410 64,452 Nov. 25— 52,348 7,953 15,626 28,005 67,075 50,192 44,623 5,569 64,452 Dec. 2 51,866 8,239 14,962 27,868 69,347 49,993 45,013 4,980 65,816 Dec. 9 50.570 8,092 13,781 27,870 72,372 50,582 46,067 4,515 67,458 Dec. 16... 46,550 7,859 9,845 28,002 74,258 47,893 44,571 3,322 67,792 Dec. 23... 42,694 7,882 5,957 27,977 79,797 48,473 43,933 4,540 69,783 Dec. 30... 42,877 7,554 6,670 27,750 79,836 49,141 45,512 3,629 68,817 i Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
146 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS—Continued KANSAS CITY [In thousands of dollars] Bills bought in United States open market Government Deposits Total securities Federal bills Bills Total reserve Date s t e a i c e n u s d r i i- co d u i n s- ted Bo r o i >i u g u t h - g t ht U a r m e g n s e r d a e n e l e t e r - B r o o ig u u h g t- t ht U r a m e g n s e r d a e n l e e e t r - c s a e s r h v r e e s - Total b b e M a r l e a b m n a c - n es k p O o d t e s h - i e ts r n c o i t r i t c o e u s n l i a n - 1931 Jan. 7 62,125 19,641 12,703 29, 781 97, 724 90,000 86,321 3,679 68, 254 J J J a a a n n n . . . 2 1 2 1 4 8 _ . . _ . . _ . . . . . 5 5 4 2 9 5 , , , 4 0 5 2 4 5 8 4 0 1 1 1 6 5 6 , , , 8 0 0 8 1 9 0 4 6 9 5 6 , , , 5 5 9 0 2 2 8 0 0 2 2 2 9 9 9 , , , 0 0 0 2 2 2 8 8 8 1 1 1 0 0 0 3 0 7 , , , 9 5 8 4 6 3 9 9 3 8 8 4 4 , , 4 9 2 1 9 8 8 8 8 3 3 3 , , , 2 4 4 9 4 1 5 0 2 3 1 1 , , , 1 5 4 0 8 6 6 9 5 6 6 6 8 5 7 , , , 4 0 5 0 2 5 1 6 6 Feb. 4.__. 50,469 16, 913 4,528 29,028 106,791 86, 032 83,649 2,383 66, 383 Feb. 11... 52,821 14,423 4,370 34, 028 105, 260 87, 093 84,202 2,891 66, 069 Feb. 18... 50,114 11, 810 4,276 34, 028 103, 518 82, 513 80, 988 1,525 66,347 Feb. 25... 49, 995 11,169 4,798 34, 028 106, 241 84, 571 82, 813 1,758 66, 292 Mar. 4 50,392 11,310 4, 554 34,028 500 105, 468 85.136 83,812 1,324 66, 659 Mar. 11... 52,411 11, 274 7,005 33, 882 250 101,495 83, 503 81,423 2,080 66, 033 Mar. 18... 52,216 10, 738 7,453 33,775 250 101.607 83,168 82, 628 540 65, 808 Mar. 25... 47,366 9,108 4,379 33.779 100 104, 944 82.392 80, 993 1,399 65,193 Apr. l.._. 49,826 9,657 6,389 33, 780 104, 293 83, 908 82, 553 1,355 65, 653 Apr. 8.... 50, 512 8,603 8,129 33.780 106, 321 86, 788 84, 463 2,325 66, 388 Apr. 15... 50,756 8,935 8,041 33, 780 103,115 84, 473 82, 386 2,087 65, 541 Apr. 22... 50, 607 9,059 7,768 33, 780 101,435 82,187 80, 483 1,704 65, 548 Apr. 29... 50, 680 8,624 8,276 33, 780 100, 783 81, 946 80,822 1,124 64,490 May 6_... 52, 886 8,612 10, 494 33, 780 99, 937 83, 317 81,971 1,346 65, 048 May 13... 51,945 8,712 9,453 33, 780 100, 409 84.137 82, 255 1,882 63, 745 May 20... 51, 709 9,178 8,751 33,780 98, 263 82,039 81, 272 767 63, 334 May 27... 52, 327 10, 706 7,841 33, 780 99,379 83,170 81, 932 1,238 62, 517 June 3—. 51,466 10, 832 6,854 33, 780 99,149 82,057 80, 051 2,006 63, 243 June 10.- 52, 721 11,105 7,836 33, 780 96,710 81,889 80, 482 1,407 62,826 June 17... 52,384 11,833 6,421 33, 780 98,219 83,139 82, 522 617 62,906 June 24_.. 52,903 11, 040 5, 982 35,142 98,858 84,440 82, 015 2,425 62,800 Julyl... 51, 388 8,741 5,874 36, 518 103,360 87,811 84, 688 3,123 62, 348 July8.._. 54, 314 9,506 5,603 38, 350 95, 650 82, 641 81, 369 1,272 63, 288 J J J u u u l l l y y y 1 2 2 5 9 2 . . . . . . . . . 5 5 52 3 1 , , , 1 8 5 7 5 6 6 5 3 1 9 0 9 , , , 4 1 3 1 1 4 3 5 0 4 2 2 , , , 0 3 8 6 6 8 1 6 3 3 39 8 » , , , 9 0 0 2 7 7 2 7 7 1 9 9 0 8 0 8 , , , 5 5 7 7 7 6 9 9 5 8 8 8 5 3 5 , , , 2 0 4 5 3 0 2 1 1 8 8 8 2 2 0 , , , 1 0 0 8 1 4 9 6 4 3 3 3 , , , 0 2 2 1 1 0 5 2 8 6 6 63 2 3 , , , 0 9 3 6 7 9 3 3 3 Aug. &.... 54, 076 12, 059 2,160 39,077 100, 410 85,894 81, 603 4,291 63, 571 Aug. 12... 55, 632 12, 073 3,702 39, 077 98, 905 86, 380 79, 575 6,805 64,067 Aug. 19... 60,803 16, 089 5,077 39, 077 98,947 87, 337 80,895 6,442 68,184 Aug. 26... 58,835 12, 659 6,539 39, 077 101, 554 87, 534 6,638 68,238 Sept. 2... 59, 643 12, 793 7,213 39, 077 96, 691 84,628 79, 045 5,583 Sept. 9... 58,921 11,990 7,294 39, 077 104, 970 90,457 83,737 6,720 69,163 Sept. 16.. 56,766 12, 032 5,619 39,115 82,315 76,454 5,861 68,617 Sept. 23.. 50,869 15,331 6,423 29,115 107,295 83,678 78,287 5,391 70,179 Sept. 30.. 62,785 13, 765 19, 905 29,115 97,153 83, 619 78,321 5,298 70, 080 Oct. 7.... 74, 722 15, 925 29, 544 29,115 88,131 86,159 79,130 7,029 71,867 Oct. 14... 73, 703 21,971 42,617 9,115 93,302 88, 279 78, 260 10,019 75, 227 Oct. 21... 95,344 28, 567 47, 662 19,115 64, 987 80, 597 74, 282 6,315 76,102 Oct. 28___ 93,606 33, 385 41,106 19,115 69, 727 81,993 75,175 6,818 76,455 Nov. 4_.. 90,895 35, 203 36, 077 19,115 500 72, 697 80,771 74, 629 6,142 79,010 Nov. 11.. 90,604 35,012 36, 077 19,115 400 71,988 78,588 72,915 5,673 80.033 Nov. 18.. 85,431 32, 096 34, 376 18,959 79, 880 79,905 74,888 5,017 81,069 Nov. 25.. 80,104 32, 582 28, 563 18, 959 85, 420 80, 366 74,137 6,229 80,673 Dec. 2... 72,930 29,932 24, 039 18, 959 91. 575 78,831 72, 064 6,767 81,430 Dec. 9... 67, 918 28,331 20, 628 18, 959 94, 635 76.393 70, 955 5,438 82.034 Dec. 16.. 65, 806 30,469 15,978 18,959 102, 000 81,820 78,214 3,606 82, 658 Dec. 23.. 61,877 29, 698 12, 820 18,959 100,012 77,182 71,704 5,478 84,232 Dec. 30.. 59,320 29, 286 10, 926 18,708 103, 444 76, 256 72,900 3,356 82, 839 i Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EACH FEDERAL EESERVE BANK 147 No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS—Continued DALLAS [In thousands of dollars] United States Bills bought in Government Deposits Total open market securities Federal bills Bills Total reserve Date s t e a i c e n u s d r i i- co d u i n s t - ed B r o o i u g u g t h - h t t U a r m e g n s e r d a e n e l e t e r - B r o o i u g ut g h - h t t U a re g n s r d a e e l e e r - c s a e s r h v e re s - Total b b r e M a e r l s e a e b n m r a c v - n e e s k p O o t d s h e i - e t r s n c o i t r i t c o e u s n l i a n - 1931 Jan. 7—. 44,356 5,009 9,363 29,984 56,084 60,773 1,875 31,443 Jan. 14— 40,810 4,893 6,480 29,437 56, 638 59, 742 57, 850 1,892 30, 010 Jan. 21... 40, 217 5,546 5,234 29,437 58, 481 60, 659 58, 752 1,907 29, 281 Jan. 28— 39, 709 5,703 4,569 I 29,437 57, 273 61, 256 58, 683 2,573 | 27,923 Feb. 4... 39, 246 6,064 3,745 29, 437 59, 366 62, 527 60, 609 1,918 27,849 Feb. 11_. 38, 213 6,113 2,663 29, 437 56, 323 59, 530 57, 944 1,586 27, 267 Feb. 18.. 37,670 5,850 2,383 29,437 55,397 58, 411 57,177 1,234 26,854 Feb. 25- 38, 824 6,784 2,603 29, 437 55, 304 60, 226 57, 828 26,443 Mar. 4___ 40, 385 7,561 3,387 29, 437 55, 789 61,609 57,305 4,304 27, 213 Mar. 11.. 41, 068 7,546 4,191 29, 331 52, 759 59,757 57, 319 2,438 26,843 Mar. 18.. 40, 056 6,780 4,052 29, 224 53, 287 57, 795 57,346 449 26, 533 Mar. 25- 38, 512 6,861 2,427 29, 224 56, 582 60,477 57,270 3,207 26,682 Apr. 1... 40, 264 4,049 29, 224 53,435 58,816 57,608 1,208 27,047 Apr. 8... 42,449 7,572 5,520 29, 357 52,443 59, 658 57, 706 1,952 27,576 Apr. 15.. 42, 065 7,326 5,510 29, 229 52, 336 58, 707 57,409 1,298 27,126 Apr. 22.. 41, 857 7,477 5,106 29, 274 53, 983 58,510 56, 770 1,740 28,131 Apr. 29.. 42,169 7,903 5,042 29, 224 50, 667 57,407 55,375 2,032 27,380 May 6__- 43, 652 7, 951 6,459 29, 242 53, 249 59,890 58, 214 1,676 28,507 May 13- 43,054 8, 260 5, 570 29, 224 51, 549 59, 203 57,149 2,054 27,682 M Ma a y y 20 2 _ 7 _ .. 4 4 2 2 , , 9 4 5 3 9 4 8 9, , 0 6 2 1 8 0 4 5 , ,1 1 0 6 5 7 2 2 9 9 , , 2 2 3 4 9 4 5 55 1 , , 1 0 7 6 8 0 6 57 0 , , 7 7 4 9 5 3 5 5 5 9 , , 8 2 7 5 9 1 1 1 , , 8 5 6 4 6 2 2 27 6 , , 9 5 0 7 8 6 June 3 42,876 9,428 4, 209 29, 239 48,129 55,460 54,005 1,455 27,426 June 10.. 43, 787 9, 694 4, 854 29, 239 47,154 55,969 55, 415 554 27.192 June 17.. 43, 481 10, 279 3,713 29, 239 46,159 54, 342 53, 694 648 26, 626 June 24— 45, 505 10, 509 4,085 30, 230 46, 201 56.940 54, 418 2,522 26,630 July 1... 44, 862 9,611 4,041 31, 030 48, 852 58, 081 55, 023 3,058 27, 578 July8.._. 46, 666 10,120 4,136 32, 230 46, 494 57, 562 54, 935 2,627 27, 793 July 15... 43, 382 10, 509 2,583 30,130 48, 705 57,173 54, 200 2,973 27,012 July 22... 43, 894 11, 206 2,398 30,130 47,845 55.941 53, 649 2,292 27, 471 July 29... 44, 213 12, 241 1,682 30,130 47,311 57,195 53, 485 3,710 26, 790 Aug. 5 44, 335 12, 577 1,468 30,130 49, 219 58, 554 54,449 4,105 27, 006 Aug. 12... 46, 070 13, 082 2,698 30,130 47, 327 59, 413 52,961 6,452 26,934 Aug. 19... 47, 831 13, 464 4,197 30,130 47, 452 60, 670 54, 008 6,662 27,060 Aug. 26-. 43, 843 13, 750 4,923 25,130 48, 957 58, 730 51, 566 7,164 26, 780 Sept. 2_._. 44, 587 14, 071 5,322 25,154 47, 111 56,971 51, 463 5,508 27, 083 Sept. 9—. 44,386 13, 622 5,589 25,135 54, 081 61,572 53, 796 7,776 30, 597 Sept. 16... 43,907 13, 552 5,225 25,130 52, 111 58,457 52, 675 5,782 30,083 Sept. 23__. 42, 584 13, 083 4,371 25,130 58, 377 61, 464 55, 477 5,987 31, 337 Sept. 30... 51,126 12, 774 13,142 25, 210 52, 835 60, 831 56, 648 4,183 35,613 Oct. 7 62, 746 16, 076 21, 252 25, 275 56, 786 62, 847 54,182 8,665 50, 638 Oct. 14_ _. 61, 746 18, 832 22, 749 20,165 60, 775 63,659 55, 405 8,254 51, 699 Oct. 21__. 65, 320 24, 339 23, 851 17,130 51,644 59, 783 52, 244 7,539 49, 846 Oct. 28__. 64, 365 24, 824 22,411 17,130 52, 210 59, 059 52,829 6,230 50, 557 Nov. 4 61, 856 24, 967 19, 759 17,130 52, 766 55, 976 50,113 5,863 51, 342 Nov. 11— 59, 875 24, 335 18, 410 17,130 56, 315 58, 558 51, 309 7,249 51,366 Nov. 18... 58, 733 21, 582 17, 521 19,630 55, 558 56, 709 51, 625 5,084 50, 581 Nov. 25— 56, 710 21,170 13, 410 22,130 56, 036 55, 612 48,694 6,918 49,743 Dec. 2 59, 755 21, 072 11, 051 27, 632 51, 635 54,981 49, 579 5,402 49, 704 Dec. 9.-. 57, 561 20,951 8,974 27, 636 54,807 56, 431 50, 048 6,383 48, 815 Dec. 16... 53, 245 18, 004 7,609 27,632 56, 671 54,322 50,629 3,693 48,184 Dec. 23... 50,967 15, 822 5,013 30,132 58, 473 54, 463 47, 611 6,852 48,354 Dec. 30_._ 44, 431 11,407 3,161 29, 863 60,729 51, 489 46, 779 4,710 47.193 1 Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
148 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 83.—PRINCIPAL RESOURCES AND LIABILITIES OF EACH FEDERAL RESERVE BANK, BY WEEKS—Continued SAN FRANCISCO [In thousands of dollars] United States Bills bought in open market Government Deposits Total securities Federal bills Bills Total reserve Date se t a i c e n u s d r i i- co d u i n s- tedBo o u u g t- ht U a re g n s r d a e e l e e r - c s a e s r h v e re s - Total b r e M e r s e e b m r a v n - e k O d t e h - er n c o i t r t i e c o s u n l i a n right ment balances posits 1931 Jan. 7.... 105, 201 31, 238 25, 793 48,170 291, 582 193,001 186,052 6,949 187, 204 Jan. 14... 74, 703 17,190 18, 040 39, 473 310,899 195, 730 186, 394 9,336 173, 556 Jan. 21... 71, 551 18, 507 13, 571 39, 473 300, 201 188, 971 181, 798 7,173 164,984 Jan. 28... 62, 477 11, 972 11,032 39, 473 302,168 189, 930 179, 838 10,092 160,034 Feb. 4... 63, 375 15, 893 8,009 39, 473 312, 002 191,197 183, 555 7,642 164, 456 Feb. 11.. 62, 362 17, 709 5,180 39, 473 322,875 192, 774 184, 376 173,161 Feb. 18.. 62,839 16,881 5,735 750 39, 473 308, 542 186,155 178, 248 7,907 167, 480 Feb. 25.. 62,634 14, 420 8,741 39, 473 309,870 187, 211 179, 071 8,140 165, 603 Mar. 4_._ 70, 596 19, 996 11,127 39, 473 299, 357 185,112 177, 081 8,031 165, 522 Mar. 11.. 62,849 6,218 16,890 500 39, 241 303,123 187, 289 179.669 7,620 162,144 Mar. 18.. 70, 392 12, 527 18,873 38, 992 295, 755 187, 980 181, 364 6,616 160, 072 Mar. 25.. 78, 623 23, 737 15,894 38, 992 291, 453 193, 556 184, 560 157, 648 Apr. l_-_ 70,048 14, 295 16, 761 38, 992 291,894 184,065 176, 929 7,136 159, 770 Apr. 8— 63, 711 5,830 18,889 38, 992 315, 567 197, 596 189, 543 8,053 161, 723 Apr. 15... 62,838 5, 742 18,104 38,992 298, 954 184, 419 176, 517 7,902 161, 416 Apr. 22.. 64, 518 5,560 18,175 1,791 38, 992 292, 233 179, 838 172, 425 7,413 159, 786 Apr. 29... 69, 554 13,184 16, 264 1,114 38, 992 289, 709 178, 519 169, 467 9,052 160,890 May 6--_ 74,866 17, 493 18, 381 38, 992 299, 294 188, 588 180, 574 8,014 167, 310 May 13.. 71, 530 6,088 16, 450 302, 111 189, 022 180, 434 165,415 May 20. _ 68, 727 6,473 13, 262 48, 992 307, 600 191,440 183, 405 8,035 166, 534 May 27.. 69, 221 9,161 11,068 48, 992 305, 263 191, 245 182, 753 8,492 164,279 June 3 81, 653 23,013 9.071 48,992 295, 468 189, 659 179, 272 10, 387 167, 716 June 10. _ 87,149 29, 039 9,118 48, 992 286, 408 187, 318 179, 248 8,070 166, 686 June 17.. 79, 209 21, 749 7,743 48, 992 289, 260 183, 601 175, 688 7,913 168, 546 June 24.. 89, 779 30, 716 8,336 48,992 284, 086 186, 653 178, 734 7,919 167,988 July] 83, 416 8,099 8,705 2,070 63, 992 307, 819 195, 625 184, 508 11,117 178, 449 JulyS... 86, 748 27, 439 7,946 50, 863 306, 044 193,195 182, 699 10,496 180,843 July 15... 82, 790 24, 212 6,325 51, 798 303, 965 192, 790 182, 306 10, 484 175, 739 July 22.. 99, 776 39,873 6,426 1,076 52,031 289, 752 192,627 179, 701 12, 926 177, 777 July 29.. 29, C97 5,168 52, 031 301, 436 193, 278 179, 692 13, 586 175, 520 Aug. 5 77, 783 20, 416 5,021 52,031 315, 862 193,181 176,666 16, 515 181, 246 Aug. 12... 72, 386 10,689 9,351 , 325, 877 197, 433 177, 230 20, 203 183,003 Aug. 19. _ 97,961 33, 501 12, 339 52,031 318,412 199, 276 179, 737 19, 539 198, 295 Aug. 26.. 101,858 35, 582 14,155 52,031 200, 973 178, 61722, 356 203, 332 52, 031 Sept. 2...104,058 35, 778 15, 544 52, 646 316, 589 193,187 174, 866 18, 321 209, 294 Sept, 9... 110,667 41,811 15, 469 651 52, 646 313, 580 189.142 168, 546 20, 596 216,184 Sept. 16- 102,614 28,188 14,859 5,831 52,646 319, 577 190, 770 170, 961 19, 809 214, 349 Sept. 23.. 101, 378 27, 015 16,881 2,873 53, 519 321, 479 185,162 167,116 18,046 219,017 Sept. 30.. 154,066 47,609 40, 466 1,382 63, 519 267, 425 178,802 163, 33815, 464 223, 411 Oct. 7... 175, 512 57,814 51, 802 963 63, 519 255, 555 181, 935 161, 40420, 531 230, 337 Oct. 14__. 201,900 74, 270 71,700 448 54, 392 233,217 187, 385 161, 71625,669 229,177 O Oc c t t . . 2 2 8 1. . . _ . 2 24 4 6 4, , 2 7 2 4 6 9 1 1 0 0 4 3 , , 6 5 0 2 1 0 8 83 3 , , 3 5 4 0 9 4 1,1 4 9 5 0 2 5 5 5 5 , , 1 1 8 8 7 7 1 17 7 1 5 , , 0 6 0 9 8 4 1 17 7 2 2 , , 5 59 9 8 0 1 15 5 2 3 , , 0 4 5 7 7 7 2 1 0 9 , , 1 5 2 3 1 3 2 2 2 2 6 8 , , 4 06 1 8 7 Nov. 4... 231,601 97, 823 75, 374 1,500 54, 924 190, 380 172, 203 151, 48820, 715 229, 823 Nov. 11 . 212, 794 88, 249 67,641 54, 924 216, 384 180, 716 161,870 18,846 229, 914 Nov. 18.. 199,673 85,117 57,955 54, 691 223, 259 180, 512 162.670 17,842 224,952 Nov. 25.. 195,105 51,933 54,384 228, 444 182,804 164,090 18, 714 221,222 Dec. 2... 192, 779 90,875 46,107 54,077 220, 522 173, 231 155, 14118, 090 222, 060 Dec. 9... 182, 524 83, 297 42, 809 621 54,077 231, 247 177, 368 160,887 16, 481 221,073 Dec. 16.. 148, 766 56,349 36,095 54,452 248, 756 160, 349 145, 20015,149 222, 037 Dec. 23.. 158,986 66, 553 31,905 58,658 250, 068 163, 395 142, 01421,381 233,231 Dec. 30.. 142,808 52,866 30,062 58, 010 271, 399 168, 460 146,717 21, 743 230,156 i Includes "other securities" and foreign loans on gold. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
VOLUME OF OPERATIONS OF EACH FEDERAL RESERVE BANK No. 84.—VOLUME OF OPERATIONS IN PRINCIPAL DEPARTMENTS OF EACH FEDERAL RESERVE BANK, 1931 Federal reserve bank Total Boston New York P1phiael" cleveland Richmond Atlanta Chicago St. Louis M ap in o n li e s - K C an it s y as Dallas Sa c n i s F co ran- NUMBER OF PIECES HANDLED: 1 1931 Bills discounted: Applications 112, 692 5,381 18, 200 17,113 14,073 10, 710 11, 378 9,826 7,465 2,459 5,291 5,600 5,196 Notes discounted 512,650 37,158 57,251 68,012 28, 504 59,411 64, 502 61,060 14,148 13,914 40,624 48,485 19,581 Bills purchased in open mar- Q ket for own account _. 221, 462 19,000 125, 908 102 8,749 3,633 7,625 6,346 5,000 7,427 4,352 16,932 W Currency received and counted 2, 269, 292, 000 240, 021, 000 674, 810,000 199, 377, 000 138, 746, 000 111, 001,000 117, 567,0001398, 698, 000 110, 838, 000 380,88, 000 58, 564, 000 52!,, 002211,,000 129, 561,000 Coin received and counted.. 2, 900, 462, 000 356,212,000 1,. 123,503,000 308, 220,0001147,138, 000 169, 546, 00066, 270, 000 328, 241, 000 126,135, 000 22,528, 000 75, 763,000 44, 748, 000 132;,, 158, 000 Checks handled 864,615,000 91,448,000 184,402,000 70,946,000 83,499,000 52,652,000 28, 941, 000 121, 752, 000 47, 320, 000 20, 940, 000 64, 412, 0"0"0" 136,,756,000 6"1,547,000 Collection items handled: U. S. Government coupons paid 17, 322, 000 1,122,000 4,488, 000 1, 361,000 2, 697,000 539,000 391,000 3, 003,000 990, 000 482,000 981,000 281, 000 987,000 Allother 6, 927,000 432,000 2,545,000 548,000 392,000 268,000 178, 000 780,000 388, 000 574,000 353,000 162,000 307,000 U. S. Government securities, issues, redemptions, and exchanges 2,435, 000 83,000 1,187, 000 80,000 166, 000 44,000 54,000 437,000 98,000 42,000 107,000 63,000 74,000 Transfers of funds 1, 663,000 51,000 375,000 122,000 117,000| 125, 000 74,000 276,000 112,000 53,000 123,000 106,000 129,000 AMOUNTS HANDLED: 1931 (in millions of dollars) Bills discounted 14, 555. 6 563.6 4,200. 7 1,886. 8 1, 589. 8 1, 434. 5 450.6 1, 009. 3 761.7 50.3 266.5 159.7 2,182.1 Bills purchased in open market for own account 2,998.4 302.6 1,318.0 52.2 167.8 67. 3| 107.6 344.9 94.8 65.3 111.4 68.3 298.2 Currency received and counted 12, 668. 6 1,460. 8 4,322.3 1,028. 7 690.9 511.21 465.4 2, 245. 6 451.0 186.5 260.3 213.7 832.2 C C C o o h i l e l n c e k c r t e s i c o h e n a iv n i e t d e d l m e a d s n h d a c n o d u le n d te : d.. 248,1 5 7 8 3 5 . . 9 0 17,44 3 8 4 . . 2 2 101,0 3 1 4 4 5 . . 3 1 24,4 3 7 8 5 . . 4 1 20, 81 1 1 3 . . 7 8 10,43 15 5 . . 7 0 8, 2 1 2 0 7 . . 6 5 23,36 3 7 0 . . 6 7 10,96 1 3 2 . . 0 2 3, 559 4 . . 3 2 8,46 1 1 1 . . 6 5 6,232 7 . . 0 6 13,17 6 6 3 . . 2 4 U. S. Government cou- 480.0 29.3 233.2 29.2 54.6 9.9 5.3 56.6 15.2 7.6 15.2 4.3 19.6 All other 7,321. 8 1, 029.1 2, 760.0 398.4 497.1 209.9 138.3 1,168.1 266.0 170.8 239.0 143.2 301.9 U. S. Goveanment securities, issues, redemptions, and exchanges 17, 543. 5 563.7 11,434.6 609.6 591.7 292.6 2,174. 3 349.7 136.5 259.0 279.3 568.6 Transfers of funds 162,095.1 9, 713. 6 62,189. 7 10, 231. 4 9,099. 7 5, 846. 0 2,110.0 27, 928.3 5,123.8 2,508.4 5,376.1 4,642.4 17,325.7 i 2 or more checks, coupons, etc., handled as a single item, accounted as 1 "piece." Black figures—See Annual Reports for 1930 (Table 79), 1929 (Table 73), 1928 (Table 77), 1927 (Table 60), and 1924-1926 (Pt. II, Table 6). CO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
150 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 85.—VOLUME OF OPERATIONS OF BRANCHES OF FEDERAL RESERVE BANKS Noncash collec- Fiscal tion items agency handled issues, Currency Coin re- redemp- Federal reserve branch Bills dis- received ceived Checks tions, Transfers and district number counted and and handled and ex- of funds counted counted Govern- All changes co m u e p n o t ns other o s f e c U u . r i S - . ties NUMBER OF PIECES HANDLED: 1931 i No. 2—Buffalo 4,134 43,585,000 35,939,000 13,384,000 48,810 107,353 539 21, 724 No. 4—Cincinnati 30,501,000 51,389,000 18,055, 000 785,137 38,847 21,348 19,145 Pittsburgh 47,402,000 41,820,000 30, 642,000 484,710 31,091 29,769 25,112 No. 5—Baltimore "II," 801 50,769, 000 134,337, 000 19,765,000 296, 094 128, 523 7,149 30,195 Charlotte 12, 765, 000 527,000 5,981,000 23, 499 23,896 20,447 No. 6— Birmingham... 10,304, 000 182, 000 4,528,000 17,335 12,333 6,975 Jacksonville... 18, 086,000 876,000 5, 573,000 51,037 46,448 8,426 Nashville 13, 601,000 880.000 5,409,000 43, 489 29,439 6,258 New Orleans __ 11, 95228,372,000 186, 000 4, 067, 000 120. 471 29, 509 9,183 15, 474 No. 7—Detroit 14, 52577,517,000 125,374,000 22,783,000 251, 036 131,883 2,346 46, 291 No. 8-Little Rock.... 2,547 7,465, 000 481,000 3, 633,000 27,353 38,902 333 10,162 Louisville 2,295 18,908,000 9,730,000 182, 485 42,584 1,062 13,564 Memphis 1,864 16,630,000 826, 000 3,088, 000 44, 293 44,945 504 11,979 No. 9~Helena _. 2, 054 1, 715,000 847, 000 1, 953,000 41,526 13, 884 8,211 No. 10—Denver 3,972 8, 469, 000 099, 000 8, 555, 000 191,549 55, 968 3,548 18, 222 Oklahoma City 7,732,000 8,056, 00014,999,000 37.243 67, 861 920 8,639 Omaha .__ 11,578 7,386,000 9, 640,000 11, 696,000 189,455 55,524 1,678 23, 774 No. 11—El Paso 1,745 4, 289, 000 3, 025, 000 2, 698,000 19,365 13,597 8,200 Houston ._ 1,667 10,101,000 13, 945,000 6, 732,000 58,119 39,820 24,242 San Antonio— 3,486 10,803, 000 6,584,000 5,465,000 33,903 21,231 14, 389 No. 12—Los Angeles... 4,319 67, 222, 00038,100, 00022, 743,000 264,190 73, 514 3,363 32,148 Portland 2,781 5, 690, 000 7, 306, 000 7, 279, 000 145, 812 34,887 2,004 11,889 Salt Lake City. 5, 176 3. 813, 000 3,337, 000 6, 555. 000 61, 325 90, 264 626 16, 717 Seattle 1,131 10,123, 00011,161, 000 6,109,000 116, 398 30,184 1,393 14,030 Spokane 3,409 1,942, 000 1, 530, 000 3, 994. 000 54, 376 15, 872 736 9,148 Total. 90, 436 515,190,000 592, 445, 000 245, 416, 000 3, 589, 0010, 12,1 82,1 80,0 000086,501 425, 000 AMOUNTS HANDLED: 1931 (in thousands of dollars) No. 2:—Buffalo... 476,888 231,224 3,569 2, 383, 014 1,4031 52, 314 2,021,968 No. 4—Cincinnati 122, 537 5,393 2, 960, 988 12,909! 48, 760 27, 493 571, 071 Pittsburgh 247, 367 3, 915 10, 371, 791 15,563! 36,756 127,076 2,134,203 No. 5— Baltimore "641,"632 248, 848 10,455 3,210,999 5, 676 96,904 62,312 1,464,105 # Charlotte 50,931 961 1,129, 285 252 25,433 1, 020, 265 No. 0—Birmingham... 40, 275 708 1,020,660 162 11,511 105,301 Jacksonville 79,493 1,287 1, 581,154 953 j 20, 321 197,507 Nashville 48,767 651 1, 036,998 3661 29, 452 123,102 New Orleans. _ 204, 678 103,859 3,304 1,731.""" 1,547 36,614 49,130 631,474 No. 7—Detroit 512, 658 459,331 7,342 5, 066,896 6,605 128, 298 5,508 4,662,218 No. 8—Little Rock.... 54, 577 29, 786 531 624, 532 282 24,182 267 254,901 Louisville 335,840 82, 976 1,426 1,816,678 2,514 44,313 1,791 656, 217 Memphis _ 39,115 55,514 1,588 754,337 588 35, 928 453 464,330 No. 0—Helena 5,535 15,344 621 353,437 403 5,350 133,908 No. 10—Denver 37,333 47, 703 2,547 1,659, 749 3,636 41,680 20,862 896,440 Oklahoma City 30,6J 1,057 1,447, 553 26,; 1,316 219, 496 Omaha 63, 202 38,7i 2,280 1,433, 348 2,203 62,990 6,681 1, 024, 764 No. 1L—El Paso 15, 757 23,396 983 440, 916 296 8,6301 282, 959 Houston 10, 623 38, 528 1,383 1, 289, 779 796 42,342 1,401, 025 San Antonio... 24, 206 47,131 1,167 824, 203 456 23,184 470, 578 No. 12—Los Angeles... 35,566 327, 786 13,317 3,314, 660 6,041 68,660 36, 3233,566, 723 Portland 27, 700 38,853 1,614 1, 237, 679 1,999 30,485 2,658 696, 951 Salt Lake City. 44, 918 31,2 1,231 745,864 758( 32,623 734 495,515 Seattle 198,632 76,218 2,281 1,178, 525 1,578 29,101 5,686 1, 262, 416 Spokane 13, 881 14,432 458 464, 354 542 13,358 1,159 283.695 Total... ...2,742,741 2, 531, 020 70, 069 48, 079,197 68, 014 975, 775 350, 538 25, 041,132 i Two or more checks, coupons, etc., handled as a single item, are counted as 1 "piece." Back figures—See Annual Reports for 1930 (Table 80), 1929 (Table 74), 1928 (Table 78), 1927 (Table 61), 1926 (Table 67), 1925 (Table 69), 1924 (Table 72), 1923 (Table 72), 1922 (Table 74), 1921 (p. 80), 1920 (p. 93), and 1919 (p. 39). NOTE.—Currency received and counted during 1931 by agencies of the Federal Res erve Bank of Atlanta: Habana, Cuba, 4,495,000, amount $25,778,000; Savannah, Qa., 3,248,000 pieces, amount $8,754,000. Coin received and counted by Habana, Cuba, 265,000 pieces, amount $2,375,000; Savannah, Ga., 715,000 pieces, Digitized fora mFoRuAntS $E10R6 ,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 151 GOLD SETTLEMENT FUND No. 86.—SUMMARY OF TRANSACTIONS THROUGH THE FUND, BY DISTRICTS, 1931 [In millions of dollars] Daily settlements between Interreserve Federal reserve banks bank transfers Balance Feder b a a l n r k eserve J a B a n n a c . l - e 1 Transit clearings F s c e e l r d e v e a e r r i a n n l o g r t s e e - d W raw ith a - ls p D os e i - ts i a o n t f c b f l u u o n s s d i e - Pay- Re- ness ments ceipts Dec. 31 Pay- Receipts Pay- Rements ments ceipts Boston 18.7 11, 752. 3 11,898. 0 54.7 40.8 211.4 82.2 107.0 126.0 40.3 New York 135.4 41, 446.1 42, 035.6 94.0 150.0 817.1 605.7 1,283. 6 795.6 81.4 Philadelphia 61.4 10, 595.8 10, 697. 5 64.8 49.1 200.4 64.5 90.0 92.7 14.3 Cleveland . 36.2 9, 444. 4 9, 594. 4 79.9 33.5 156.5 67.0 106.6 98.5 42.2 Richmond... 18.2 7, 484. 8 7, 520.8 32.5 36.5 124.0 50.4 109.2 132.4 7.8 Atlanta 10.8 3, 357.8 3, 253. 4 31.0 39.7 50.0 65.1 108.6 185.8 7.4 Chicago 49.7 17, 039. 6 16, 917. 4 62.3 77.6 135.0 418.3 466.0 290.5 50.5 St. Louis - -_ 18.7 5, 453. 8 5, 282. 3 30.6 38.0 38.5 134.1 73.6 133.0 9.6 Minneapolis 10.1 1, 977. 5 1, 932.1 17.7 15.2 22.0 52.7 53.9 70.5 9.4 Kansas City 21.6 4, 721. 3 4, 572. 3 27.9 21.4 31.0 128.9 74.5 126.3 15.7 Dallas 9.7 3, 855. 2 3, 876. 8 15.6 14.7 57.5 41.4 81.1 75.7 8.9 San Francisco 27.1 7, 008. 7 6, 556. 8 29.0 23.6 61.5 194.6 175.0 498.7 26.6 Total 417.4 124,137.3 124,137. 3 540.1 540.1 1, 905. 01, 905. 02, 729.0 2, 625. 7 314.1 Back figures—See Annual Report for 1930 (Table 81), 1929 (Table 75), 1928 (Table 19), etc. FEDERAL RESERVE AGENTS' GOLD FUND No. 87.-—SUMMARY OF TRANSACTIONS THROUGH THE FUND, BY DISTRICTS, 1931 [In millions of dollars] Federal reserve bank B J a a l n a . n 1 ce d W raw ith a - ls Deposits T to ra b n a sf n e k rs Tr b f a r a n o n s m f k ers a b B t u a c s l l i o a n s n e e c s e s of Dec. 31 Boston 114 6 112.0 98.0 100.6 New York 25.0 480.0 455.0 Philadelphia 121 3 79.0 83.0 125.3 Cleveland 165.0 78.0 101.0 188.0 Richmond 78 0 111. 5 101.1 67.6 Atlanta __ _ 122.4 149.0 104.8 78.3 Chicago _ __ 143.0 1.0 206.0 447.0 383.0 St. Louis 60.8 83.7 72.6 49.7 Minneapolis ._ 36.5 39.8 52.6 49.3 Kansas City 62.0 67.2 62.0 56.8 Dallas 10.1 1.3 57.4 74.4 28.4 San Francisco . 170.8 215. 0 168.0 123.8 Total 1,109. 4 1.0 1.3 1,678.5 1, 819.5 1,250.7 Back figures.—See Annual Report for 1930 (Table 82), 1929 (Table 76), 1928 (Table 20), etc. 125554—32 11 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
152 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD MEMBERSHIP IN PAR COLLECTION SYSTEM No. 88."—NUMBER OF BANKS ON PAR LIST AND NOT ON PAR LIST, BY DISTRICTS Nonmember Nonmember Nonmember banks * banksl banksi Mem- Mem- Mem- End of month (1931) ber ber ber banks On par Not on banks On par Not on banks On par Not on list par list list par list list par list Boston district New York district Philadelphia district January 396 260 911 394 752 448 February.. 395 260 910 395 751 443 March 393 259 907 393 751 442 April 391 259 902 392 748 441 May 389 257 903 390 745 434 June 387 255 902 387 744 428 July 386 255 897 384 743 426 August 384 255 884 377 742 423 September. 384 255 875 373 738 412 October.-. 383 250 864 366 725 373 November. 383 252 859 362 718 370 December. 373 234 841 340 715 358 Cleveland district Richmond district Atlanta district January. -. 761 932 469 512 441 383 177 847 February.. 749 924 467 509 443 381 173 848 March 740 920 466 509 437 375 171 845 April 734 907 462 505 441 372 170 845 May 727 902 462 500 437 372 167 845 June 719 889 458 497 432 371 162 843 July - 719 881 456 493 432 369 160 840 August 711 858 452 488 430 366 160 839 September 702 841 442 471 419 364 158 832 October 673 810 420 448 408 356 158 809 November. 416 447 403 352 152 798 December . 655 792 403 445 381 349 150 792 Chicago district St. Louis district Minneapolis district January 1,074 3,151 239 505 1,389 408 636 485 1,003 February. _ 1,066 3,131 242 504 1,381 423 636 483 1,006 March 1,056 3,092 241 503 1,379 426 633 479 1,002 April 1,053 3,065 243 506 1,374 438 628 469 1,003 May 1,040 3,037 243 506 1,365 438 622 459 999 June 1,009 249 506 1,362 441 615 446 981 July 996 2,940 256 504 1,359 445 614 441 970 August 983 2,893 254 501 1,349 444 605 429 959 September. 957 2,812 255 500 1,331 435 597 412 935 October.-. 927 2,702 255 488 1,297 423 588 398 November. 922 2,667 250 474 1,278 418 583 395 December. 903 2,586 248 465 1,240 405 579 386 881 Kansas City district Dallas district San Francisco district January 868 1,883 195 672 556 211 579 610 61 February. _- 863 1,862 198 671 552 212 575 605 61 March 861 1,856 198 666 546 211 573 602 60 April 859 1,841 204 661 543 214 572 601 60 May 856 1,825 207 658 538 215 562 597 61 June 854 1,804 211 658 535 212 559 593 61 July 848 1,784 221 657 528 214 557 587 61 August 845 1,765 218 653 523 217 553 583 61 September.. 844 1,737 220 645 508 220 546 573 60 October 836 1,692 211 625 483 226 541 564 59 November.. 830 1,662 215 622 475 225 535 563 58 December.. 824 1,633 216 617 468 223 522 549 55 1 Incorporated banks other than mutual savings banks. R'ck figures—See Annual Reports for 1930 (Table 83), 1929 (Table 77), 1928 (Table 81), 1927 (Table 71), 1SI26 {Table 64), 1925 (Table 65), 1924 (Table 71), 1923 (Table 71), 1922 (Table 73), 1921 (Table 71), 1920 (Table 63), 1919 (Table 55), and 1918 (Table 48). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MBMBEKSHIP IN PAR COLLECTION SYSTEM 153 No. 89.—NUMBER OF BANKS ON PAR LIST AND NOT ON PAR LIST, BY STATES, ON DECEMBER 31, 1930 AND 1931 1930 1931 Nonmember banks Nonmember banks State Member Member banks On par Not on banks On par Not on list par list » list par list * New England: Maine 54 42 45 36 New Hampshire. - 57 15 53 16 Vermont 45 43 45 41 Massachusetts 173 79 164 67 Rhode Island - -- - 14 10 14 10 Connecticut 65 92 64 83 Middle Atlantic: New York 654 263 598 235 New Jersey 358 166 332 122 Pennsylvania 923 555 854 438 East North Central: Ohio 370 584 1 315 494 Indiana . _ 211 654 7 180 553 8 Illinois 495 1,073 25 429 846 24 Michigan _ - 262 543 1 213 442 3 Wisconsin 166 534 233 152 496 228 West North Central: Minnesota 265 199 543 245 160 482 Iowa . 254 883 97 211 684 103 Missouri 179 896 55 165 759 60 North Dakota 107 28 190 86 19 145 South Dakota . _ ... 97 90 141 86 49 129 Nebraska 170 433 167 161 318 176 Kansas. . _ _ 249 761 3 237 689 6 South Atlantic: Delaware 20 34 20 35 Maryland 78 150 74 130 District of Columbia 12 29 12 28 Virginia 166 177 97 153 160 86 West Virginia 126 144 10 99 109 10 North Carolina 61 37 224 49 31 207 South Carolina _ .._ 40 13 110 28 9 78 Georgia 102 26 248 90 21 231 Florida 57 38 99 54 35 95 East South Central: Kentucky 132 357 27 125 347 22 Tennessee 99 119 227 88 98 215 Alabama _ _. 106 16 180 93 10 157 Mississippi ... 32 11 217 27 9 200 West South Central: Arkansas _ 73 96 127 64 83 125 Louisiana 35 23 161 35 17 154 Oklahoma __ _ 270 298 11 252 255 23 Texas 635 533 136 572 441 150 Mountain: Montana _ _ 78 73 25 71 61 24 Idaho _ . - 56 79 1 48 73 1 Wyoming 29 50 4 30 45 4 Colorado 119 141 6 108 125 3 New Mexico 29 24 1 28 21 1 Arizona 15 23 3 13 16 3 Utah 38 61 35 53 Nevada 10 25 10 22 Pacific- Washington 140 149 40 125 125 36 Oregon. __ 118 85 20 103 76 18 California 208 202 191 189 Total 8,052 10,956 3,437 7,246 9,181 3,207 *Incorporated banks other than mutual savings banks. Back figures— See Annual Reports for 1929 (Table 78), 1927 (Table 72), and 1925 (Table 66). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
154 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD EARNINGS AND EXPENSES OF EACH RESERVE BANK No. 90.'—TOTAL EARNINGS, CURRENT EXPENSES, AND NET EARNINGS OF EACH RESERVE BANK, AND DISPOSITION MADE OF NET EARNINGS, 1914-1931 Earnings and expenses Disposition of net earnings Franchise Total earn- Current Net earn- Dividends Transferred tax paid to ings expenses ings i paid to surplus IT. S. Government All Federal reserve banks: 1914-1924 $637,194, 880$190, 529, 701$407, 582,161 $50, 630,418$217,837,100 139,114,643 1925 41, 800, 706 27, 528,163 9, 449, 066 6,915,958 2,473,808 59,300 1926 47, 599, 595 27, 350,182 16, 611, 745 7, 329,169 8, 464, 426 818,150 1927 43, 024,484 27, 518,443 13, 048, 249 7, 754, 539 5, 044,119 249, 591 1928 64, 052, 860 26, 904, 810 32,122, 021 8,458,463 21, 078,899 2, 584, 659 1929... 70, 955, 496 29, 691,113 36, 402, 741 9, 583, 913 22, 535, 597 4,283, 231 1930 36, 424, 044 28,342, 726 7, 988,182 10, 268, 598 -2, 297, 724 17, 308 1931.__ 29, 701, 279 27,040, 664 2,972, 066 10, 029, 760-15,215,962 Total 970, 753, 344 384, 905, 802 526,176, 231 110,970, 818 259,920, 263 147,126, 882 Boston: 1914-1924 42, 723, 936 13, 586, 419 27, 458,128 4, 010, 509 16, 382,186 7,065, 433 1925 3, 288, 546 2, 025, 855 1,140, 581 502, 648 637, 933 1926 3, 319, 077 2,032,412 1,156,873 525, 023 585, 888 45,962 1927 _. 2, 975, 357 1,976, 935 837, 612 550,446 287,166 1928 4, 465, 342 1, 870, 003 2,316, 522 590, 830 1, 725,692 1929._ 5,160, 831 2, 232,109 2, 766,134 634,112 2,132,022 1930 2, 368, 086 2, 077, 792 253, 777 705, 949 -452,172 1931 1, 800, 619 1,948, 480 -140,230 709,139 -1,260,152 Total.. 66,101, 794 27, 750, 005 35, 789, 397 8, 228, 656 20,038, 563 7, 111, 395 New York: 1914-1924 193, 459, 830 45, 565,153 139, 595,280 12, 839, 729 58,749, 289 68, 006, 262 1925 10, 217,174 6, 325, 202 3,103, 298 1, 888,196 1, 215,102 1926 _ 10, 600, 968 6,421, 442 3, 749, 748 2,100,191 1, 649, 557 1927 10, 647, 759 6, 472,171 3, 720, 601 2, 327, 355 1,393, 246 1928 18,483, 042 6, 444, 265 11, 018, 433 2, 743, 725 8, 274, 708 1929 19, 314, 279 7, 052, 465 12, 263, 224 3, 544, 314 8, 718, 910 1930 _ 10, 393,189 6, 826, 564 4, 588, 384 4, 013, 779 574, 605 1931 7, 555, 213 6, 647,104 1, 532, 081 3,891,599 ~5, 498, 265 Total 280, 671, 454 91, 754, 366 179, 571, 049 33, 348,888 75, 077,152 68, 006, 262 Philadelphia: 1914-1924 . 46, 242, 525 14, 046, 089 30,169,932 4, 551,745 20,059, 286 5, 558,901 1925___ . 3,135, 550 2, 036, 268 1,078,120 673, 212 404, 908 1928 3, 626, 648 2, 056, 274 1, 533,733 730, 598 803,135 1927--- 3,363,626 2,106,682 1,176, 469 781, 540 394,929 1928 5, 394, 546 1,986, 242 3, 282, 641 843,755 2,438,886 1929.__ . 6, 076, 048 2,197, 891 3, 801,988 938,312 2,863,676 1930 2,996, 243 2, 041, 627 1,102, 771 1, 002,602 100,169 1931 2, 714, 016 1,985, 586 884,172 1, 004, 836 -579,380 Total 73, 549, 202 28,456, 659 43,029,826 10, 526, 600 26,485, 609 5, 558,901 I Cleveland: 1914-1924 52, 230,396 15, 803,851 32, 042, 467 5, 570,933 22,461,833 4, 009, 701 1925 _ -. 4,013, 456 2, 599,629 1, 210, 576 778,811 431, 765 1926 4, 517, 884 2, 531,746 1, 660, 762 808, 505 852, 257 1927 4,197, 836 2, 610, 474 1,108,190 832, 583 275, 607 1928 6, 250, 553 2, 596, 814 3,180, 715 856,843 2,323,872 1929. 6,986, 580 2, 785,979 3,705, 442 910, 007 2,795,435 1930 3, 585, 202 2, 649, 497 783, 777 952,934 -169,157 1931 3, 038,083 2. 623. 842 78, 545 936, 513 -1,331,299 Total 84,819,990 1 34, 201,832 43, 770, 474 11, 647,129 27, 640,313 4, 009, 701 Richmond: 1914-1924 30,783, 651 9, 996, 851 18,985, 261 2, 718, 232 11,701, 023 4, 566, 006 1925 2,182, 460 1,451, 614 576,110 358,162 217,948 1926 - 2,429,017 1,383,939 727,645 363, 957 279, 216 84, 472 1927 2, 086, 303 1,379,402 497,711 372, 230 125,481 1928 2, 857, 648 1,402,392 1,118,960 370, 683 74, 828 673,449 1929 3, 299, 609 1, 587, 244 1,342, 225 368, 601 97,362 876,262 1930 1, 641, 390 1, 569, 034 -28,797 353,472 -382,269 1931 1,389,086 1,491, 663 -156,646 340,360 -630, 773 Total - - 46, 669,164 20, 262,139 23,062,469 5, 245, 697 11,482,816 6,200,189 Digitized for Fi RTAotSalE eRar nings less current expenses, depreciation charges, and net losses. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EARNINGS AND EXPENSES OF RESERVE BANKS 155 No. 90.—TOTAL EARNINGS, CURRENT EXPENSES, AND NET EARNINGS OF EACH RESERVE BANK, AND DISPOSITION MADE OF NET EARNINGS, 1914-1931 —Con. Earnings and expenses Disposition of net earnings Franchise Total earn- Current Net earn- Dividends Transferred tax paid to ings expenses ings paid to surplus U. S. Government Atlanta: 1914-1924 . .. _$29, 640, 082 $8,706,623 $18,338,900 $2,065,121 $8,950,309 $7,323,470 1925 2, 072, 378 1, 225, 733 26,191 276,488 -250, 297 1926 3 045,867 1, 389,168 1, 228, 327 296, 573 931,754 1927 2, 067, 839 1, 264,156 669,904 305, 817 364, 087 1928 3, 578,156 1, 253,134 1, 693, 985 312, 259 558,425 823, 301 1929 ... _. ._ ._4,116, 049 1, 513, 239 1, 428, 518 321, 696 303, 032 803, 790 1930 1 963 724 1, 372, 882 323, 307 323, 307 1931 1,448,835 1, 268,776 313,247 -408, 652 Total 47, 932, 930 17, 993, 711 23, 709,132 4, 214, 508 10, 448, 658 8,950, 561 Chicago: 1914-1924 .. 92, 659, 590 26, 293, 731 60, 910,020 6, 865, 271 30, 425, 574 23, 619,175 1925 5, 424, 663 3, 744,039 1,121,273 934,016 187, 257 1926 6, 567, 043 3, 824, 437 2, 253,923 985, 959 1, 267, 964 1927 6,167, 352 3, 887, 058 1,927, 645 1,029,990 897,655 1928 8, 936, 418 3, 696, 679 4,763, 429 1, 099. 761 3, 663, 668 1929 9, 889, 451 4, 092, 369 5,424, 665 1,170,363 3, 651, 464 602,838 1930 4, 834,153 3,805,117 1, 054, 328 1, 211,418 -157,090 1931 4,143, 601 3, 524,401 609, 895 1,170, 633 -1, 525, 481 Total 138, 622, 271 52, 867,831 78, 065,178 14, 467,411 38,411,011 24, 222, 013 St. Louis: 1914-1924 26, 963, 650 10, 517, 740 14, 540,132 2, 364,080 9, 970, 704 2, 205, 348 1925 2,055, 637 1,390,099 -93, 540 306, 753 -400, 293 1926 2, 511, 509 1,380,104 683,022 314,420 368,602 1927 2,228, 079 1, 368, 664 775,681 317, 727 457, 954 1928 . __. _ 2,901,925 1,336, 794 785,159 321,855 423,011 40, 293 1929 3, 247, 936 1, 438,418 885,884 319,231 56, 665 509, 988 1930 1, 745, 685 1,398,936 1,114 315,839 -314, 725 1931 1,188, 631 1, 350, 924 -61, 263 289,409 -537,142 Total 42,843, 052 20,181,679 17, 516,189 4, 549, 314 10,024,776 2, 755, 629 Minneapolis: 1914-1924 21,686,346 6, 843,479 13,095,864 1,806, 767 7,496,848 3, 792,249 1925 1,438, 341 1, 097, 829 234, 954 193, 560 4,139 37, 255 1926 1, 622,333 1, 063, 757 448, 033 187, 609 26,043 234,381 1927 1, 390, 031 1,048, 746 296, 077 180,726 11, 535 103,816 1928 . . 1, 710, 304 1, 000, 474 614, 704 181, 203 43, 350 390,151 1929 1,926,031 1,022,009 794, 762 184,030 61,073 549, 659 1930 1,235,082 976,867 193, 589 184,445 914 8,230 1931 936, 604 918,942 45,805 180,455 -787,651 Total- 31, 945, 072 13, 972,103 15, 723, 788 3, 098, 795 6,856, 251 5,115, 741 Kansas City: 1914-1924 31, 373, 094 12,172, 045 16, 560,069 2,312, 651 8,976,661 5, 270, 757 1925 2,309, 985 1, 727,443 282,921 258,426 2,450 22,045 1926 . ..2, 677,340 1, 682, 928 756,469 252, 764 50, 370 453, 335 1927 2, 304,938 1, 677,215 414, 726 252, 753 16,198 145,775 1928 . . . 2, 597,968 1,661,980 659,760 253,254 40,651 365,855 1929 2,976, 576 1, 830, 833 1, 013, 586 256, 549 75, 704 681,333 1930 1, 667, 667 1,784,609 -200,976 259,397 -460,373 1931 1, 555, 084 1, 664,282 -185,486 253,621 -577,381 Total 47,462, 652 24,201, 335 19, 301, 069 4,099,415 8,124,280 6,939,100 Dallas: 1914-1924 22, 089,056 9,349,899 9, 668,766 2,076,371 7, 592,395 1925 1,813, 626 1, 223, 344 278,135 255,239 22, 896 1926 2,127, 049 1,178, 731 857, 211 257, 502 599, 709 1927 1, 741,922 1, 267, 338 568,209 256,310 311,899 1928 2,119,666 1,245,479 713,455 258, 544 163,301 291, 610 1929 2,496,030 1, 384,876 770, 391 266, 613 244,417 259, 361 1930 1, 585,113 1, 341,153 272, 597 262, 510 1,009 9,078 1931 1, 213,987 1, 257,884 111, 982 254,878 -1,311,351 Total- 35,186, 449 18,248, 704 13,240, 746 3, 887, 967 7, 624,275 560, 049 San Francisco: 1914-1924 47, 342, 724 17, 647,821 26, 217, 342 3,449, 009 15,070,992 7, 697, 341 1925 3,848,890 2,681,108 490,447 490,447 1926 4, 554,860 2,405, 244 1, 555,999 506, 068 1,049,931 1927 „ . . 3, 853,442 2,459, 602 1,055,424 547,062 508,362 1928 4, 757, 292 2, 410, 554 1,974, 258 625, 751 1,348,507 1929 5,466, 076 2, 553, 681 2, 205,922 670,085 1, 535,837 1930 - _ 2,408, 510 2,498, 648 -355, 689 682,946 -1,038,635 1931 2, 717, 520 2, 358, 780 253, 211 685,070 -768,435 Total-_ 74,949, 314 35,015,438 33,396,914 7, 656, 438 17, 706, 559 7, 697, 341 Back figures.—See Annual Report for 1930 (Table 85). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 91."—EARNINGS AND EXPENSES OF FEDERAL RESERVE BANKS DURING 1931 Crc EARNINGS New Phila- Cleve- Rich- Minne- Kansas San Fran- Total Boston York delphia land mond Atlanta Chicago St. Louis apolis City Dallas cisco Discounted bills $9,820,546 $416,255 $1,661,805 $1,407, 303 $1, 236, 556 $795,652 $762,143 $939, 567 $544,242 $408,025 $1,091,640 Purchased bills 5,009,541 460,504 1,638,210 213,784 423,8S6 124, 060 238,179| 764, 703 177,420 132,999 221, 530 142-, 4—32 471,834 United States securities. _. 12,428,297 825,952 3,613,854 969,430 1,147,751 390,97" 298,943 1,937, 290 560,695 597, 518 499, 884 613, 368 972,636 Deficient reserve penalties 296,960 4,749 17,425 14,934 36,323 28, 362 32, 746 32, 290 21, 800 7,726 6,948 20,162 73,495 Miscellaneous __. 2,145,935 93,159 623,919 108,565 193,567 50,036 116,824 469, 751 39,947 29, 772 282,480 30, 000 107,915 Total earnings 29,701, 279 1,800,619 7, 555,213 2,714,016 3,038,083 1,389, 086 1,448,835 4,143,601 1,188,631 936,604 1, 555,084 1, 213,9872,717, 520 CURRENT EXPENSES I Salaries: O Cl f e fi r c ic e a rs l - e - m ploye _ es $ 1 2 1 , , 7 5 0 3 6 3 , ,4 8 6 3 7 4 $1 8 3 7 3 3 , , 0 3 6 4 1 6 3 j , p o 2 o 3 AJ 6 , y 9 y 1 * 0 $ 9 1 0 3 9 5 , , 0 7 0 0 0 51 $ , 2 02 2 4 4 , , 1 5 0 8 0 7 $ 5 18 9 5 8 , , 4 1 1 0 8 4 ; ! $ 4 2 0 3 3 1 , , 8 4 6 0 6 0 1 $ , 3 5 2 3 5 3 , , 0 1 9 5 28 $1 5 7 4 8 4 , , 8 7 5 5 9 2 $1 3 1 30 8 , , 1 3 3 9 5 9 $1 62 9 7 1 , , 6 9 0 1 0 8 $ 4 17 9 6 8 , , 8 4 2 7 4 4 $2 9 5 5 1 2 , , 1 7 2 8 2 4 Other employees 2, 773,960 126,913 645,910 131,658 385, 558 156, 579! 82, 715 414, 510 138, 375 102, 520 227, 828 122,940 238,454 Governors' conferences 4,517 160 141 51 343 1151 232 250 276 611 507 713 1,118 Federal advisory council 13, 705 1,300 815 800 782 4991 853 1,035 1,300 1,316 1,300 1,155 2,550 Directors' meetings 175,112 5,731 20,494 6,1 8,938 8,246 22, 741 12, 229 17,053 7,062 31, 359 10, 308 24, 315 Traveling expenses 1 214, 581 6,464 36, 261 16, 074 17,886 12,661 23,438 17,990 24, 597 17, 565 8,724 16,154 16, 767 Assessments for Federal Reserve Board's expenses 718, 554 53, 712 236,667 71,036 72,450 28, 034 26,127 97, 092 25,106 16, 482 21,009 21, 441 48,498 Legal fees 81, 507 2,393 1,000 2,842 5,913 707 3,061 11, 769 5,120 14,865 11, 395 10,914 11, 528 Insurance on currency and security shipments _- 517, 284 63,978 110,689 65,935 54,139 30,171 30, 734 61,130 10, 945 12, 410 15, 508 22, 332 39, 313 Other insurance. 419, 504 30,184 53,302 34, 484 35,041 23,101 27,052 44,642 25,641 31,671 48,437 26,957 38,992 Taxes on banking house 1,496, 288 131, 565 410,002 39,968 127, 758 65,430 60, 515 290,102 65, 393 69, 505 92, 363 38,478 105,209 Light, heat, and power 332,989 22, 070 71,847 19, 282 35,031 13,822 15,697 31, 227 19, 579 16, 208 37,902 21, 252 29,072 Repairs and alterations, banking house. 95,166 2,649 19,367 14,147 12,062 1,681 2,846 7,6 11,483 5,438 9,337 3,645 4,831 Rent.__ 166, 393 480 1,080 87, 291 14,195 5,288 3,000 1,500 53, 559 Office and other supplies _ 331,442 19, 744 75, 583 33, 086 33, 388 17,119 16, 236 40, 289 15.157 13, 280 21, 262 12,497 33,801 Printing and stationery 371,615 35,479 64, 740 24, 406 36, 013 21, 277 18, 166 61, 727 23,676 14, 784 20, 314 20, 091 30,642 Telephone .... 242, 971 19, 522 76, 274 32,109 16,689 9,195 7,793 22,872 13,957 5,584 8,753 11,884 18,339 Telegraph 494, 927 6,169 63, 248 13,952 33, 488 33, 435 69,365 38,656 39,994 17, 664 58, 542 53, 226 67,188 Postage 1,628, 864 186,691 287,160 154, 772 143, 792 110, 012 81, 794 217,127 78,620 52, 523 118, 231 84, 528 113,614 Expressage 445,942 45,162 105,618 57, 536 34, 958 26,834 36,619 52, 743 13, 076 11, 779 17, 926 19, 423 24, 268 Miscellaneous expenses 795,896 47,708 227, 710 66,451 58, 259 35, 016 36,840 95,858 38.158 32,687 44,198 41,130 71,881 Total, exclusive of cost of currency 25, 561, 518 1, 814, 4816,298,732 1,831,010 2,448, 466 1, 392, 5511, 203,6783,377,871 1,294,117 892, 488 1,614,413 1, 215,8662,177,845 Federal reserve currency: Original cost 1, 386,199 123, 507 335,832 143,688 165,003 92, 549 59, 741 135, 718 50,143 23, 386 45,926 39,188 171,518 Cost of redemption 92, 947 10,492 12, 540| 10, 888 10, 373 6,563 5,357 10, 812 6,664 3,068 3,943 2,830 9,417 Total current expenses. _ 27, 040,664 6,647,104 1,985,586 2,623, 842 1, 491,6631, 268, 7763,524,401 1,350,924 918, 942 1, 664, 2821, 257,8842, 358, 780 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PROFIT AND LOSS ACCOUNT Earnings _ _ _$29,701,279 $1,800,619$7, 555, 213$2, 714, 016$3, 038, 083$1, 389, 086$1, 448, 835$4,143, 601$1,188,631 $936,604$1, 555, 084$1, 213, 987$2, 717, 520 Current expenses 27, 040,664 1, 948,480 6,647,104 1,985, 586 2,623,842 1,491,663 1, 268, 776 3, 524,401 1, 350,924 918,942 1,664, 282 1, 257,884 2, 358, 780 Current net earnings 2, 660,615 -147,861 908,109 728, 430 414,241 -102,577 180, 059 619, 200 -162,293 17,662 -109,198 -43, 897 358, 740 Additions to current net earnings: Withdrawn from reserve for probable losses 187, 010 37, 010 150 000 Profit on United States Government securities sold 2, 851,148 150,484 1,009,517 218,654 262, 701 82,148 44, 542 211, 754 153, 306 138, 045 92, 552 372, 772 114,673 Allother 149, 504 3,551 97,890 384 6,240 2,165 1,056 15, 203 14, 289 4,666 3,585 450 25 Total additions 3,187, 662 154, 035 1,107,407 219, 038 268,941 84, 313 45, 598 263, 967 317, 595 142, 711 96,137 373, 222 114,698 xn Deductions from current net earnings: Bank premises—depreciation... 1,888,443 122, 047 389,688 274, 387 121, 264 84, 007 233,682 175, 332 92,051 160,511 46,633 188,841 Furniture and equipment . _ 158,667 6,300 14,728 22,073 23, 722 7,434 5,608 8,883 28,496 10,947 5,204 12, 058 13, 214 O Reserve for probable losses 527, 033 250, 000 127, 033 150, 000 Allother 302,068 18,057 79,019 41,223 56, 528 9,684 9,009 30,707 12,737 II, 570 6,710 8,652 18,172 X Total deductions 2,876, 211 146, 404 483,435 63, 296 604,637 138, 382 225,657 273, 272 216, 565 114, 568 172, 425 217, 343 220, 227 Net additions to current net earnings. __ 311, 451 7,631 623,972 155, 742 -335,696 -54,069 -180,059 -9, 305 101, 030 28,143 -76,288 155,879 -105, 529 xn Net earnings 2, 972, 066 -140,230 1, 532,081 884,172 78, 545 -156,646 609,895 -61, 263 45,805 -185,486 111, 982 253, 211 m Dividends paid _ _ _ . . 10, 029, 760 709,139 3,891,599 1, 004,836 936, 513 340, 360 313, 247 1,170, 633 289,409 180 455! 9*2 fi9,1 254, 878 685, 070 O Excess of expenses and dividend payments over earnings 7, 057,694 849,369 2, 359,518 120,664 857,968 497, 006 313, 247 560, 738 350,672 134,650 439,107 142, 896 431, 859 Franchise tax paid United States Government i I REIMBURSABLE EXPENDITURES OF FISCAL AGENCY DEPARTMENT > Salaries . - . _ $133,640 $7, 557 $14,762 $11,477 $16,187 $6, 263 $5,280 $14,159 $10,815 $14, 767 $17, 491 $8, 572 $6, 310 Allother 79, 917 4,432 14,431 4,057 4,782 6,663 3,549 20, 587 5,642 5,065 3,132 2,084 5,493 Total 213, 557 11,989 29,193 15, 534 20,969 12, 926 8,829 34, 746 16, 457 19,832 20,623 10,656 11,803 1 Except amounts included in items "Governors' conferences" and "Federal advisory council." Back figures—See Annual Reports for 1930 (Table 86), 1929 (Table 80), 1928 (Table 84), 1927 (Table 75), 1926 (Table 68), and 1925 (Table 67 and Pt. II, Table 5). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
158 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD CONDITION OF ALL BANKS IN EACH DISTRICT No, 92.—ALL BANKS—TOTAL LOANS AND INVESTMENTS, 1925-1931 [In millions of dollars] Non- Non- Date» ba A n l k l s b M a b e n e m k r s - b m a b e n e m k r s - ba A n l k l s b M a b e n e m k r s - b m a b e n e m k r s - Boston district New York district Philadelphia district 1925—Juno 30.. 5,523 2,234 3,289 14,398 8,746 5,652 3,652 Dec. 31.., 5,705 2,362 3,343 14,925 9,297 5,628 3,811 1926—June 30.. 5,891 2,409 3,482 15,364 9,308 6,056 3,920 Dec. 31... 5,940 2,428 3,512 15, 728 9,667 6,061 4,034 1927—June 30.. 6,199 2,536 3,063 16,693 10,126 6,567 4,115 1928— D J e u c n . e 3 3 0 1. . . . . 6 6 , , 6 36 4 7 4 2 2 . , 5 6 8 4 3 2 3 4 , , 7 0 8 0 4 2 1 17 8 f , 2 5 0 0 2 2 1 10 1 , , 0 9 9 4 8 7 6 7, , 1 5 0 5 4 5 4 4 , , 3 2 6 4 5 1 Dec. 31._. 6,649 2,571 4,078 18. 776 11,593 7,183 4, 395 1929—June 29.. 6,818 2,613 4,205 18,898 11,775 7,122 4,460 Dec. 31.. 6,782 2,561 4,221 19, 494 12,316 7,178 4, 395 1930—June 30.. 6,862 2,592 4,270 19, 718 12, 385 7,333 4,420 Dec. 31.. 6,758 2,511 4,248 19, 288 12, 023 7,265 4,321 1931—June 30.. 6,767 2,456 4,311 19, 323 11,661 7,662 4,339 Dec. 31.. 6,385 2,185 4,201 17,826 10, 565 7,261 3,784 Cleveland district Richmond district Atlanta district 1925—June 30.. 4,310 3,021 1,289 2,333 1,252 1,081 Dec. 31... 4,358 3,045 1,313 2,392 1,290 1, 102 1926—June 30.. 4,487 3.161 1,326 2,401 1,281 1,120 Dec. 31... 4,481 3,133 1,348 2,395 1,275 1,120 1927—June 30.. 4,635 3,267 1,368 2,423 i,3ll 1,112 Dec. 31.... 4, 689 3,296 1,393 2, 517 1,362 1,155 1928-June30-. 4,898 3,448 1,450 2,531 1,344 1,187 Dec. 31... 4,854 3,414 1,440 2,522 1,338 1,183 1929—June 29.. 4,927 3,488 1,439 2,501 1,329 1,172 Dec. 31.. 4,869 3,455 1,414 2,435 1,278 1,157 1930—June 30.. 4,840 3,479 1,361 2,398 1,204 1,194 Dec. 31.. 4,712 3,419 1,293 2,242 1,154 1,088 1931—June 30.. 4,550 3,370 1,180 2,224 1,141 1,083 Dec. 31.. 3,770 2,865 905 2,014 1,050 964 Chicago district St. Louis district Minneapolis district 1925—June 30.. 6,834 1,984 1,228 756 1,571 888 683 Dec. 31... 6,999 2,067 1,310 757 1.567 893 674 1926—June 30.. 7,186 2,086 1,320 766 1,549 881 668 Dec. 31... 7,178 • 2,060 1,313 ••747 1,495 862 633 1927—June 30.. 7,407 2,096 1,337 759 1,485 851 634 Dec. 31... 7,495 2,128 1.377 752 1,527 897 630 1928—June 30.. 7,826 2,141 1,384 756 1,549 909 640 Dec. 31.. 7,904 2,163 1,406 757 1,555 933 622 1929—June 29.. 7,958 2,099 1,341 757 1,539 923 616 Dec. 31.. 7,740 2,072 1,337 736 1,507 911 597 1930—June 30.. 7,655 2,013 1,289 724 1,455 870 585 Dec. 31... 7,374 1, 753 1,154 599 1,396 851 545 1931—June 30.. ,619 1,718 1,137 581 1,363 840 522 Dec. 31... 5,643 1,541 1,031 510 1, 221 789 431 Kansas City district Dallas district San Francisco district 1925—June 30.. 1,015 791 224 3,693 2,545 1,148 Dec. 31... 1,069 831 238 3.872 2,669 1,203 1926—June 30.. 1,044 808 236 3,937 2,688 1,249 Dec. 31... 1,029 807 222 4,068 2,842 1,226 1927—June 30.. 1,064 831 233 4,077 2,961 1,116 Dec. 31- 1,136 898 238 4,227 3,084 1.143 1928—June 30.. 1,163 918 248 4,300 3,149 1,151 Dec. 31... 1,247 993 254 4,523 3,169 1,354 1929—June 29.. 1,217 957 260 4,443 3,105 1,338 Dec. 31.. 1,179 936 243 4,472 3,192 1,279 1930—June 30.. 1,105 870 235 4,375 3,109 1,265 Dec. 31.. 1,037 822 214 4,270 3,246 1,024 1931—June 30.. 1,012 803 209 4,194 3,182 1,012 Dec. 31.. 724 171 3,973 3,005 969 1 Figures for nonmember banks are from reports of nearest available date. r Revised. NOTE.—Table covers following classes of banks: National banks, State commercial banks and trust companies, mutual and stock savings banks, and private banks under State supervision. Back figures.—SeeA nnual Report for 1930](Table 87). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL BANKS IN EACH DISTRICT 159 No. 93.—ALL BANKS—TOTAL LOANS, 1925-1931 [In millions of dollars] Date* ba A n l k l s M ba b e n e m r ks - b m N a b e o n e m n k r - s - ba A n l k l s b M a b e n e m k r s - b m N a b o e n e m n k r - s - ba A n l k l s b M a b e n e m k r s - b m N a b o e n e m n k r - s - Boston district New York district Philadelphia district i925—June 30.. 3,530 1,602 1,928 9,357 5,848 3,509 2,158 1,381 777 Dec. 31.. 3,682 1,692 1,990 10, 036 6,511 3,525 2,364 1,485 879 1926—June 30.. 3,779 1,690 2,089 10,310 6,399 3,811 2,434 1,574 860 Dec. 31.. 3,817 1,708 2,109 10, 793 6,861 3,932 2,547 1,616 931 1927—June 30.. 3,930 1,744 2,186 11,388 7,026 4,362 2,504 i,604 900 Dec. 31.. 4,021 1,765 2,256 12,166 7,789 4,377 2,592 1,616 976 1928—June 30.. 4,226 1,849 2,377 12, 605 7,759 4,846 2,636 1,690 946 Dec. 31.. 4,271 1,824 2,446 13, 435 8,404 5,031 2,747 1,745 1,002 1929—June 29.. 4,434 1,871 2,563 13,801 8,769 5,031 2,859 1,832 1,027 Dec. 31.. 4,508 1,910 2,598 14,252 9,097 5,155 2,859 1,859 1,000 1930—June 30. 4,440 1,836 2,604 14,009 8,914 5,096 2,807 1,829 977 Dec. 31.. 4,319 1,750 2,569 13,174 8,300 4,874 2,633 1,767 866 1931—June 30_. 4,130 1,588 2,542 12,442 7, 537 4,906 2,479 1,674 805 Dec. 31.. 3,835 I 1,3902,445 11, 281 6,609 4,672 2,114 1,521 593 Cleveland district Richmond district Atlanta district 1925—June 30... 2,874 i 2,011 863 1,803 990 813 1,412 877 535 Dec. 31... 2,959 ! 2,060 899 1,863 1,030 833 1,647 995 652 1926—June 30... 3,037 j 2,135 902 1,865 1,016 849 1,518 939 579 Dec. 31... 3,067 2,144 923 1,865 1,011 854 1,458 927 531 1927—June 30... 3,098 2,179 919 1,841 1,014 827 1,373 885 488 Dec. 31... 3,100 ! 2,162 939 1,871 1, 028 843 1,369 888 481 1928-June 30... 3,237 2,266 972 1,881 1,021 861 1,378 910 468 Dec. 31.... 3,279 2,291 988 1,879 1,022 857 1,346 895 451 1929—June 29... 3,380 i 2,376 1,004 1,865 1,010 855 1,345 898 447 Dec. 31... 3,413 | 2,4101,004 1,813 974 838 1,262 855 408 1930—June 30... 3,272 ! 2,336 937 1,730 888 841 1,166 791 375 Dec. 31.... 3,142 ! 2,262 880 1,581 842 739 1,045 726 319 1931—June 3O.__. 2,896 i 2,113 783 1,491 785 705 938 646 293 Dec. 31___ 2,397 I 1,807 590 1, 295 693 603 845 593 252 Chicago district St. Louis district Minneapolis district 1925—June 30 5,173 3,181 1,992 1,494 617 ' 1,123 597 ••626 Dec. 31 5,319 3,276 2,043 1,563 950 613 r 1, 096 586 '510 1926—June 30 5,452 3,374 2,077 1,575 952 623 ' 1,057 568 '489 Dec. 31 5,497 3,388 2,109 1,541 946 595 ' 1, 013 554 '459 1927—June 30 5,575 3,461 2,114 1, 537 930 607 '974 531 '443 Dec. 31 5,583 3,519 2,064 1,546 953 592 '974 547 '427 1928—June 30 .1 55,,881100 3,698 2,113 J.,535 942 593 '966 544 '422 Dec. 31 5,933 3,812 2,121 1,546 954 592 '971 560 '411 1929—June 29 6,046 3,792 2,254 1,531 937 594 '965 559 '406 Dec. 31 5,953 3,770 2,183 1,526 955 571 '956 563 '393 1930—June 30 5,764 3,682 2,081 1,485 910 575 '894 516 '378 Dec. 31 5,370 3,406 1,964 1,247 787 459 837 495 342 1931—June 30 4,618 3,025 1,593 1,145 702 442 798 479 319 Dec. 31 3,850 2,632 1,218 1,006 623 382 700 441 260 Kansas City district Dallas district San Francisco district 1925—June 30.. 1,429 805 624 837 638 199 2,692 1,848 844 Dec. 31.. 1,432 805 627 875 668 207 2,821 1,937 884 1926—June 30.. 1,418 812 606 855 650 205 2,877 1,952 925 Dec. 31.. 1,374 777 597 841 652 189 2,962 2,067 895 1927—June 30.. 1,355 776 579 853 654 199 2,949 2,134 815 Dec. 31.. 1,353 783 570 891 694 197 2,959 2,141 818 1928—June 30.. 1,336 789 547 895 692 203 2,977 2,144 Dec. 31.. 1,332 803 530 938 736 201 3,107 2,109 1929—June 29.. 1,310 810 499 914 705 209 3,082 2,099 Dec. 31.. 1,293 804 489 907 714 193 3,177 2,239 1930—June 30. 1,209 750 459 842 653 189 3,021 2,109 912 Dec. 31.. 1,114 717 397 766 601 165 2,907 2,218 690 1931—June 30.. 1,009 653 356 718 560 158 2,719 2,053 666 Dec. 31.. 860 574 287 602 480 123 2,520 1,898 622 i Figures for nonmember banks are from reports of nearest available date. ' Revised. NOTE.—Table covers following classes of banks: National banks, State commercial banks and trust companies, mutual and stock savings banks and private banks under State supervision. Back figures—See Annual Report for 1930 (Table 88). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
160 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 94.—ALL BANKS—TOTAL INVESTMENTS, 1925-1931 [In millions of dollars] Date1 ba A n l k l s b M a b e n e m k r s - b m N a b e o n e m n k r - s - ba A n l k l s b M a b e n e m k r s - b m N a b e o n e m n k r - s - ba A n l k l s b M a b e n e m k r s - b m N a b e o n e m n k r - s - Boston district New York district Philadelphia district 1925—June 30. 1,993 632 1,361 5,041 2,898 2,143 1,494 868 626 Dec. 31. 2,023 670 1,353 4,888 2,785 2,103 1,447 852 595 1926—June 30. 2,112 719 1,393 5,055 2,910 2,145 1,485 845 640 Dec. 31. 2,123 720 1,403 4,935 2,806 2,129 1,487 862 625 1927—June 30. 2,269 792 1,477 5,305 3,100 2,205 1,611 927 684 Dec. 31. 2,345 817 1,528 5, 336 3,158 2,178 1,650 972 678 1928—June 30. 2,418 793 1,626 5,598 3,340 2,258 1,729 i 966 763 Dec. 31. 2,378 747 1,632 5,341 3,189 2,152 1,649 921 728 1929—June 29. 2,384 742 1,642 5,097 3,006 2,091 1,601 878 723 Dec. 31. 2,273 650 1,623 5,243 3,220 2,023 1,535 828 708 1930—June 30. 2,422 756 1,666 5,709 3,472 2,237 1,613 884 729 Dec. 31. 2,440 761 1,679 6,115 3,724 2, 391 1,688 966 722 1931—June 30. 2,638 868 1,770 6,881 4,124 2,757 1,860 1,114 746 Dec. 31. 2,550 794 1,756 6,545 i 3,956 2,589 1,670 1,037 633 Cleveland district Richmond district Atlanta district 1925—June 30. 1,436 1,010 426 530 262 284 204 80 Dec. 31. 1,399 985 414 529 260 269 347 247 100 1926—June 30. 1,449 1,025 424 536 265 271 331 233 Dec. 31. 1,414 989 425 530 264 266 329 231 1927—June 30. 1,538 1,089 449 582 297 285 353 256 97 Dec. 31. 1,588 1,135 454 646 334 312 384 276 108 1928—June 30. 1,660 1,182 479 650 324 326 375 263 112 Dec. 31. 1,575 1,123 452 643 317 326 402 293 109 1929—June 29. 1,547 1,112 435 636 319 317 389 279 110 Dec. 31. 1,456 1,046 410 622 303 319 366 260 106 1930—June 30. 1,568 1,144 425 669 316 353 362 268 Dec. 31. 1,570 1,156 414 661 312 349 349 264 1931—June 30. 1,654 1,257 397 733 356 377 400 312 Dec. 31. 1,374 1,058 316 719 358 361 398 313 85 Chicago district St. Louis district Minneapolis district 1925—June 30.... 1,661 1,189 472 489! 350 139 448 291 '157 Dec. 31.... 1,679 1,202 477 503 359 144 471 307 ••164 1926—June 30..., 1,735 1,205 530 511 368 143 491 313 ' 178 Dec. 31-.. 1,680 1,154 '526 518 366 ••152 481 308 '173 1927—June 30..., 1,832 1,251 1 581 558 406 152 510 320 '190 Dec. 31.... 1,911 1,339 572 583 423 159 552 350 '202 1928—June 30... 2,016 1,420 596 605 442 163 582 365 '217 Dec. 31.... 1,971 1,350 620 617 452 166 585 373 '212 1929— June 29... 1,912 1,260 652 568 405 163 574 364 '210 Dec. 31— 1,788 1,164 623 546 381 165 552 348 '204 1930—June 30... 1,891 1,251 640 5281 379 149 562 354 '208 Dec. 31___ 2,005 1,403 601 506| 366 140 559 357 203 1931—June 30... 2,000 1,461 540 574' 435 139 565 361 204 Dec. 31... 1,793 1,249 544 535 407 128 520 349 172 Kansas City district Dallas district San Francisco district 1925—June 30. 394 310 178 153 1,001 697 304 Dec. 31.. 416 327 194 163 1,051 732 319 1926—June 30. 430 345 85 189 158 1,060 736 324 Dec. 31.. 454 359 95 189 156 1,107 776 331 1927—June 30. 476 377 99 211 177 1,128 827 301 Dec. 31. 515 408 107 245 204 1,267 943 325 1928-June 30. 557 436 122 268 224 1,323 1,005 318 Dec. 31.. 596 447 149 310 257 1,416 1,060 356 1929-June 29. 571 430 141 302 251 1,361 1,007 355 Dec. 31.. 549 408 141 273 ' 222 1,295 953 342 1930—June 30. 531 401 130 263 217 1,353 1,001 353 Dec. 31.. 548 430 117 271 ! 221 1,362 1,028 334 1931-June 30.. 566 449 117 293 i 243 1,475 1,128 346 Dec. 31.. 549 442 107 293 i 244 1,453 1,107 346 * Figures for nonmember banks are from reports of nearest available date. »• Revised. NOTE.—Table covers following classes of banks: National banks, State commercial banks and trust companies, mutual and stock savings banks, and private banks under State supervision. Digitized for FBRacAkS figEuRre s.—See Annual Report for 1930 (Table 89). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL BANKS IN EACH DISTRICT 161 No. 95.—ALL BANKS—DEPOSITS (EXCLUSIVE OF INTERBANK DEPOSITS), 1925-1931 [In millions of dollars] Datei ba A n l k l s b M a b e n e m k r s - m b N e a m o n n k b - s er ba A n l k l s b M a b e n e m k r s - m b N e a m o n n k b s er ba A n l k l s b M a b e n e m k r s - m b N e a m o n n k b - s er Boston district New York district Philadelphia district 1925—June 30. 5,220 2,114 3,106 14,362 8,866 5,496 3,279 1,960 1,319 Dec. 31. 5,402 2,245 3,157 14,414 9,469 4,945 3,451 2,077 1,374 1926—June 30. 5,580 2,297 3,283 15,000 9,206 5,794 3,479 2,094 1,385 Dec. 31. 5,594 2,286 3,308 '15,295 9,701 r 5, 594 3,602 2,166 1,436 1927—June 30. 5,811 2,359 3,452 16,264 10,002 6,262 3,646 2,187 1,459 Dec. 31. 6,009 2,444 3, 565 16,312 10,021 6,291 3,787 2,243 1,543 1928—June 30. 6,106 2,351 3,755 16,614 9,982 6,632 3,764 2,232 1,532 Dec. 31. 6,225 2,397 3,828 18,915 12,140 6,776 3,874 2,287 1,587 1929—June 29. 6,209 2,297 3,912 17,028 10,351 6,677 3,760 2,251 1,509 Dec. 31. 6,298 2,391 3,907 18,490 11,810 6,679 3,745 2,265 1,480 1930—June 30. 6,351 2,355 3,996 18,809 11,981 6,829 3,777 2,301 1,476 Dec. 3L 6,312 2,317 3, 995 17,894 11,035 6,859 3,755 2,339 1,416 1931—June 30. 6,332 2,260 4,073 17, 822 10,637 7,185 3,749 2,402 1,347 Dec. 31. 5,897 1,964 3, 934 16, 298 9,276 7,022 3,171 2,090 1,081 Cleveland district Richmond district Atlanta district 1925—June 30. 4,043 ! 2,782 1,261 2,083 1,090 1,704 1,027 677 Dec. 31. 4,079 2,805 1,274 2,217 1,157 1,060 2,107 1,220 887 1926—June 30. 4,227 ! 2,930 1,297 2,170 1,138 1,032 1,805 1,108 697 Dec. 31. 4,146 2,883 1, 263 2,222 1,164 1,058 1,741 1,092 649 1927—June 30. 4,332 3,035 1,297 2,244 1,193 1,051 1,674 1,066 608 Dec. 31. 4,355 3,029 1,326 2,378 1,242 1,136 1,736 1,104 632 1928—June 30. 4,498 3,139 1,359 2,284 1,188 1,096 1,640 1,072 568 Dec. 31. 4,526 3,165 1,361 2,351 1,214 1,137 1,673 1,093 580 1929—June 29. 4,523 3,190 1,333 2,255 1,166 1,089 1,581 1,041 540 Dec. 31. 4,452 3,154 1,298 2,271 1,152 1,119 1,548 1,020 527 1930—June 30. 4,439 3,182 1,257 2,231 1,105 1,125 1,441 994 447 Dec. 31. 4,299 3,114 1,185 2,120 1,074 1,046 1,347 944 403 1931—June 30, 4,138 3,042 1, 096 2,114 1,079 1,034 1,304 916 387 Dec. 31. 3,354 2,500 854 1,845 944 901 1,153 817 337 Chicago district St. Louis district Minneapolis district 1925—June 30. 6,740 4,188 2,552 1,904 1,097 807 1,602 871 731 Dec. 31. 6.858 4,288 2,570 2,031 1,182 849 1,622 880 742 1926—June 30. 7,009 4,344 2,665 1,985 1,171 814 1,576 i 861 715 Dec. 31. 6,972 4,318 2,654 1,965 1,186 779 1,526 847 679 1927—June 30. 7,171 4,465 2, 705 1,976 1,187 789 1,507 842 665 Dec. 31. 7,327 4,649 2,679 2,053 1,250 803 1,560 886 674 1928—June 30. 7,517 4,806 2,712 2,002 1,215 787 1,567 895 673 Dec. 31. 7,667 4,914 2,752 2,045 1,256 788 1,596 929 666 1929—June 29. 7,543 4,721 2,822 1,911 1,177 733 1,547 904 642 Dec. 31. 7,381 4,617 2,764 1,962 1,213 750 1,519 892 626 1930—June 30. 7,287 4,615 2,672 1,879 1,172 706 1,482 876 606 Dec. 31. 7,131 4,558 2,574 1,678 1,072 606 1,429 863 565 1931—June 30. 6,446 4,265 2,181 1,669 1,057 612 1,383 846 537 Dec. 31. 5,416 3,616 1,800 1,442 932 510 1,214 773 441 Kansas City district Dallas district San Francisco district 1925—June 30. 1,922 1,113 1,006 764 242 3,747 2,568 1,179 Dec. 31. 1,950 1,140 810 1,099 822 277 3,994 2,744 1,250 1926—June 30. 1,920 1,154 766 1,008 761 247 8,973 2,716 1,257 Dec. 31. 1,924 1,148 776 1,053 800 253 4,116 2,883 1.233 1927—June 30. 1,916 1,158 758 1,049 800 249 4,073 2,974 1,099 Dec. 31. 1,957 1,185 773 1,182 897 285 4,253 3,114 1,139 1928—June 30. 1,962 1,208 755 1,146 885 261 4,297 3,160 1,137 Dec. 31. 2,028 1,241 787 1,290 989 301 4,576 3,200 1,376 1929—June 29. 1,929 1,207 722 1,177 911 266 4,391 3,068 1,323 Dec. 31. 1,909 1,190 719 1,186 913 272 4,529 3,247 1,282 1930—June 30. 1,841 1,187 655 1,108 867 241 4,310 3,056 1,254 Dec. 31. 1,736 1,158 578 1,055 820 235 4,281 3,265 1,017 1931—June 30. 1,635 1,101 535 1,007 789 218 4,182 3,172 1,009 Dec. 31. 1,408 980 428 866 686 180 3,756 2,854 902 1 Figures for nonmember banks are from reports of nearest available date. r Revised. NOTE.—Table covers following classes of banks: National banks, State commercial banks and trust companies, mutual and stock savings banks, and private banks under State supervision. Bacic figures—See Annual Report for 1930 (Table 90). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
162 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD CONDITION OF ALL BANKS, BY STATES No. 9»6,—ALL BANKS—TOTAL LOANS AND INVESTMENTS, BY STATES, 1927-1931 [In millions of dollars] 1927 1928 1929 1930 1931 State June Dec. June Dec. June Dec. June Dec. June Dec. 30 31 30 31 29 31 30 31 30 31 I United States...53,750. 6 55, 450. 5 57, 265. 3 58, 266. 4 58, 474. 0 58,417. 0 58,108. 3 56, 208. 755,021.1 49, 704. 2 New England: Maine 410, 0 411. 5 428.2 427. 3 437. 0 432.5 434. 8 430. 4 428. 3 412. 9 New Hampshire 282. 5 283. 6 301.0 302. 8; 312. 5 311.3 299. 5 295. 8 297. 2 295. 0 Vermont 235. 5 239. 3 251.1 254. 0! 256. 61 250.1 245. 61 236. 7 230. lj 221.2 Massachusetts. . 3,862.9 3,959.9 4,137. 8 4,125.11 4,256.8 4, 224. 7 4,296.0 4,237.1 4,229.2| 3,938.9 Rhode Island._. 513. 5, 525.1 537.4 537. 2\ 533. r 533.1 539. 6 536. 6 542. 61 517. 9 Connecticut...-- 1,159.1 1,224.6 1, 282.1 1,302.5; 1,334.4 1, 336. 3 1,355.0 1,326.4 1,346.9 1,296.0 Middle Atlantic: New York .4, 581.115, 290. 4 15i,, 880.7 16,438. 0 16, 563. 217, 222.117, 422. 3 17\ ,045. 617,128.015,792.0 New Jersey 2, 255. 4| 2, 351. 5 2~, 451. 9' 2,463.2: 2,449.5 2, 388. 3 2, 404. 9 2, 349.8 2, 279. 91 2, 096. 3 Pennsylvania.- 5,406.5 5,557.2 5, 742. 6 5,742.0 5,794.6 5, 703. 2 5, 779. 3 5, 658. 6 5, 663. 2i 4, 830. 6 East North Central: Ohio 2, 552.1 2, 562. 6 2, 684. 5 2,662.8 2,715.1 2, 691. 5 2.628.6 2,543.8 2,436.9 1,981.7 Indiana 880.9 875.9 890.2 897. 3 896. 3 862.9 810. 7 731. 8 669. 0 598. 7 Illinois 3, 657. 2 3, 710. 4 3, 885. 5 3, 918. 3i 3,918.5 3, 802. 3 3, 814. 0 3, 703. 6 3,207.1 2,712.4 Michigan 1,835. 2 1, 860. 9 1, 986.1 2, 019. 5! 2, 070. 02, 020. 6 1,982.1 1,897.4 1,744.1 1,489.8 Wisconsin... 904.9 905.9 938.5 943.1 953. 0 917.1 906. 7 889.1 871. 3 789. 5 West North Central: Minnesota 896.1 922.4 926.7 915.3 915.7 901.4 877.3 861.8 850. 0! 772.8 Iowa 783. 3 786. 788.0 791. 4 797. 3 781.6 756.3 707.6 682.8 546.6 Missouri 1, 242. 3 1, 269. 1, 267. 0 1,276.0 1,175.8 1,199. 3 1,183. 0 1,119.4 1,102. 4 996.2 North Dakota.. 129.1 128.0 125.3 124. 7| 114. 7 111.6 101.5 93.1 88.6 74.2 South Dakota.. 120.3 126.8 132.0 136. 7 136.1 137.5 131.2 113.5 109.1 88.8 Nebraska 404.6 411.0 399.6 408.11 385.4 359.3 333.6 319.9 303.5 245.5 Kansas 400.7 400.6 407.1 417. 4! 412. 9 404.4 376.5 352.0 326. 3! 310.5 South Atlantic: Delaware 131.6 136.3 144.0 149. 5! 167.9 167.4 166.3 164.9 165. 164.2 Maryland 788.5 837. 820.4 834. 5; 845.1 837.4 846.7 824. 842.7 769.1 District of Columbia 241.5 236.5 254.5 253.1 256.0 244.5 242.8 247.8 249.5 249.1 Virginia 536.5 560.0 562.7 563. 6 554.3 551.4 540.5 508.4 489.1 454.7 West Virginia... 365. 364.5 363. 360. 7j 357.6 345.1 333.5 319.0 301.7 254. 1 North Carolina. 387.8 408.0 416.2 408. 2 390.4 369.5 354.1 278.1 277.8 240.4 South Carolina. 180.8 190.2 195.9 184. 5 181.0 168.6 159.6 141.4 137.4 113.8 Georgia 352.2 360. 371.6 355. 7i 352.4 334.4 328.6 299.6 291.4 269.7 Florida 401.9 376. 6i 357.9 334. 9 311.5 258.3 213.5 192.1 189.7 179.6 East South Central: Kentucky 504.4 514.0 533.7 546. 6 560. 3 554.2 528.6 458.5 421.0 403.8 Tennessee 383.3 400.5 407.6 413. 0 432. 0 429.8 429.5 368.4 348.0 326.6 Alabama 272.0 289.7 301.7 312. l! 306. 9 282.4 262.2 246.4 226.6 207.7 Mississippi 212.6 225.1 223.7 220. 2 222. 3 212.4 210.8 155.9 147.5 120.9 West South Central: Arkansas 198.8 199. 4 204.7 202. 4 208. 2 197.5 194.1 130. 9 135.4 106.7 Louisiana 397.4 413.1 402.0 429. 4 426. 9 429.2 396.1! 384.8 376.8 355.4 Oklahoma 370.7 379.6 395.2 404. 8 409. 9 400.5 380. 8 359. 6 327. 288.4 Texas 942.8 1, 008. 0 1, 032. 2 1,105.8 1,071.6 1, 036. 4 966.5 9C 885.0 781.3 Mountain: Montana 130.2 140.9 147.6 158.9 150.6 144.1 134. 8| 127.5 119.8 109.4 Idaho 73.2 78.3 79.0 82.2 77.2 80.7 76.1 73.6 67.6 60.3 Wyoming 51.8 54. 55. 31 59.7 58.5 57.6 54.8! 51.7 52.1 47.3 Colorado 256.1 264. 2, 266.1 272.6 265.4 262.3 241. 5| 254.5 241.3 226.1 New Mexico 31.8 35.4] 37.5 41.0 40. 40.6 39. 9j 36.1 35.2 31.0 Arizona 61.9 66.4 75.4 81.3 84.9 81.2 75.3 69.5 62.8 56.6 Utah 140.8 152. 2! 152.3 160.2 158.0 161.7 159. 31 155. 2 150.7 133.9 Nevada 35.7 35.9 37.7 38.9 40.5 38.0 36.9 35.6 33.9 33.9 Pacific: Washington 406.6 423.1 439. 8 448. 6 44 459. 8 455.1 442. 2 386.4 Oregon 253.0 260. 7| 262.2 263.1 260.0 260. 5 249.4! 238. 7 229.4 211.1 California 3,128. 2 3,234.91 3,281.11 3,478.2 3, 407. 7 3,420.0 3,352.7 3,284.9 3, 238. 9 3,115. 1 NOTE.—For classes of banks included see note to Tables 92-95. Figures for member banks are for dates specified; for nonmember banks, for nearest date for which reports are available. Buck figures.—See Annual Report for 1927 (Table 81). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
163 ALL BANKS, BY STATES No. 97,—ALL BANKS—TOTAL LOANS, BY STATES, 1927-1931 [In millions of dollars] 1927 1928 1929 1930 1931 State June Dec. June June Dec. June Dec. June Dec. 30 31 30 29 31 30 31 30 31 United States .'37,378.1 '38,425.7 '39,483.0 '40,782.2'41,531.3'41,918.0'40,637.7 38,134. 9 35,384.1 31,305.5 New England: Maine 196.2 194.5 209. 214.0 230.3 230.6 231.5 228.8 229.1 216.9 N V R M C h e e o a r w o n s m d n s H a e e o c c n a I h t t m i s u c l u s p a e t s n t h t d s ir ^ s e - . 2, 2 1 6 1 6 7 4 3 5 5 7 0 4 8 5 . . . . . 0 0 3 1 3 2, 1 2 1 7 6 4 7 5 0 91 0 1 6 2 . . . . . 6 0 5 5 0 2, 2 1 1 7 8 8 3 4 5 3 1 7 5 6 8 . . . . . 7 1 1 6 8 2, 2 1 1 7 8 9 4 5 4 6 0 4 8 9 4 . . . . . 0 7 3 4 2, 3 7 1 1 9 9 0 5 4 6 4 7 6 7 2 . . . . . 6 7 1 5 3, 3 8 0 1 1 0 0 1 5 5 7 6 0 8 7 . . . . . 4 9 7 5 5 2, 3 8 1 1 9 0 0 5 5 54 3 3 5 0 . . . . . 9 2 7 8 8 2, 2 1 1 7 8 8 8 8 4 4 3 6 3 9 7 . . . . . 6 0 4 8 4 2, 2 1 1 7 7 7 1 7 4 4 4 7 9 5 5 . . . . . 0 2 5 5 0 2,4 2 1 1 7 8 6 4 4 3 9 1 3 1 7 . . . . . 4 2 7 5 2 Middle Atlantic: New York.__ 10,081.0 10, 787. LI, 148. 611, 931.6121,,281. 7112,754. 712,570.811,795.211,, 140.2 10,095. 7 New Jersey 1,464. 8j 1,535.8 1,607.4 1,650.1 1, 664.2| 1,633.7 1,566.5 1,493. 1,398. "0 1,263.6 Pennsylvania 3,136.4 3,206.7 3,309.6 3,433.1 3,568.2 3,574.7 3,483.8 3,282.6 3, 073. 4 2, 603. 6 East North Central: Ohio 1,895.8 1,906.2 1, 968. 8 1, 985. 62,030.2 2,057.4 1,981.6 1,904.5 1, 763. 2 1,407. 0 Indiana 673. 8 658. 7 662.5 664.5 670. 61 648. 5 605. 3; 529. 8 468.8 402.6 Illinois 2,694.2, 2,714.3 2, 831. 8 2, 902. 8 2,951. 6 2, 888.1 2,822.1! 2,585.1 2,121. 5 1, 755. 2 Michigan 1,328.4! 1,330.7 1,424. 3 1, 455. 71,515.1 1,514.1 1,452.9! 1,386.0 1, 216. 9 1,087. 7 Wisconsin 633. 4; 618. 3 642.8 657.3 676. 3 654. 7 631. 31 607. " 572.3 520.8 West North Centri Minnesota ' 564. 81' 568. 5 ' 557. 9 ' 557. 8 ' 561. 0 ' 565. 2 '525.4! 510. 0 490.0 447.6 Iowa 676. 0\ 678.2 670.4 670.8 662.4 646.0 605.0 578. 3 386.1 Missouri 891.1 902.9 885.4 881.4 835.1 868.1 850.1 768.0 684.0 595.6 North Dakota. _ 99.9 93.3 91.1 88. 83.2 79.1 72.8 64.7 61.0 48.2 South Dakota. __ 91. Ol 93.3 94.3 95.8 95.4| 96.4 91.6 77.8 72.0 53.9 Nebraska 338.7 335.3 312.9 291.8 272.1 241.5 229.4 209.8 165.5 Kansas 311.5 303.0 298.4 298.3 295.6 292.6 276.9 252.4 225.5 206.0 South Atlantic: Delaware 78.4 92.6 98.2 119.3 119.0 114.6 109.9 102.4 95.8 Maryland 476.4 493.0 484.4 502.6 515.9 518.3 495.8 480.1 456.1 399.1 District of Columbia 181.8 176.7 190.4 190.8 194.3 184.7 176. 7 167.6 158.3 151.5 Virginia 457.2 469.8 467.6 466.8 456.1 456.0 438.1 413.5 390.3 350.7 West Virginia... 299.9 299.9 294.9 294.4 288.6 280.1 263.8 253.1 230.7 193.1 North Carolina. 342.4 348.6 358.9 349.4 335. 5 312.2 298.9 226.9 217. 178.1 South Carolina- 144.1 144.4 147.6 138.8 138.9 125.9 117.0 101.3 94.0 74.8 Georgia 297.8 295.3 312.8 287.9 295.8 277.2 266.5 240.7 215.5 193.9 Florida 278.4 252.0 235.5 213.0 190.1 149.8 109.0 92.9 75.5 68.4 East South Central: Kentucky 392.2 395.5 404.4 416.5 434.6 438.2 414.6 359.3 323.0 310.7 Tennessee 334.2 344.7 343. 348.3 356. 8 360.6 354.6 306.5 280.7 259.0 Alabama 221.7 231. 243.7 251.2 249. 4 229.1 210.8 193.6 170.1 149.0 Mississippi 163.1 172.3 172.2 166.8 170.1 158.0 161.9 114.9 105.0 81.3 West South Central Arkansas 170.5 166. 167.6 160.2 164.4 155.2 157.4 101.8 75.1 Louisiana 331.4 336.1 330.6 340.1 345.7 347.5 319.2 300.6 277.3 258.8 Oklahoma _ 245.4 246.0 255.1 255.4 262.2 253.4 247.0 225.9 202.3 166.4 Texas 756.2 793.4 793.6 831.4 803.4 798.6 739.0 677.5 631.1 526.9 Mountain: Montana 83.8 88.1 94.5 100.1 94.2 87. 79.9 69.1 65.1 55.3 Idaho 47.8 48.6 48.0 49.5 48.5 50.0 47.1 44.5 39.9 32.9 Wyoming 37.4 38.4 39.0 40.3 40.3 40.0 39.3 36.3 36.9 32.2 Colorado 159.4 164.3 165.8 173.6 171.4 173. 51 153.0 149.0 131.4 117.6 New Mexico- 20.3 22.8 23.8 26.2 25.9 25.71 24.8 22.3 21.7 17.8 Arizona 42.5 44. 51.2 51.8 54.3 49.9 46.5 38.7 34.0 28.6 Utah 111.5 122. 5 119.4 123.5 122.0 126.0 121.4 116.1 106.9 91.7 Nevada 27.9 27.8 28.7 29.8 30.8 29.2 28.2 27.1 25.7 25.1 Pacific: Washington.. 261.1 262.5 275.8 278.5 286. 3 303. 6 296. 7 275. 0 257.5 230.9 Oregon 160.9 149.6 147.6 145.7 145. 4 148. 0 140. 4 126. 8 111.7 93.1 California 2, 312. 7 2, 318. 6 2, 322. 6 2, 444.1 2, 413. 6! 2,487.1 2,356.9 2,292.5 2,158.1 2, 027. 5 r Revised. NOTE.—For classes of banks included see note to Tables 92-95. Figures for member banks are for dates specified; for nonmember banks, for nearest date for which reports are available. Back figures.—See Annual Report for 1927 (Table 82). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
164 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 98.—ALL BANKS—INVESTMENTS BY STATES, 1927-1931 [In millions of dollars] 1927 1928 1929 1930 1931 State June Dec. June Dec. June Dec. June Dec. June Dec. 30 31 30 31 29 31 30 31 30 31 United States...16,372.517,024.8 17,782.3]17,484.216,942.716,499.0 17,470.6 18,073.8 19,637.018,398.7 New England: Maine 213.8 217.0 218.3 213.3 206.7 201.9 203.3 201.6 199.2 196.0 New Hampshire- 142.5 143.6 153.2 153.5 154.8 153.9 148.7 148.0 151.7 153.5 Vermont 80.5 87.7 95.0 95.2 94.6 91.6 90.4 87.8 84.6 83.7 Massachusetts.. 1,225.6 1,268.9 1,305.9 1,280.4 1,309.3 1,217.2 1,341.2 1, 353. 7 1, 515.2 1,449. 7 Rhode Island.-. 239.2 248.6 252.3 247.2 226.9 222.4 235.7 250.1 265.6 254.2 Connecticut 501.0 522.1 543.5 538.2 539.5 529.4 551.3 543.0 567.7 554.9 Middle Atlantic: New York 4,500.1 4, 502. 7 4, 732.1 4,506. 4 4,281. 4 4,467.5 4,851.5 5, 250. 4 5, 987. 9 5,696. 3 New Jersey 790.6 815.7 844.5 813.1 795.3 754.7 838.4 855.9 881.9 832.7 Pennsylvania... 2,270.1 2, 350. 5 2, 433.0 2,308. 9 2,226.4 2,128. 5 2, 295.6 2, 376.0 2,589.8 2, 227. 0 East North Central: Ohio — 656.3 656.4 715.7 677.2 684.9 634.1 647.0 639.3 673.7 574.7 Indiana .._ 207.1 217.2 227.7 232.8 225.8 214.4 205.3 202.1 200.2 196.1 Illinois 963.0 996.1 1,053. 7 1,015.5 967.0 914.1 991.9 1,118.5 1,085. 6 957.2 Michigan 506.9 530.2 561.9 563.8 554.9 506.5 529.1 511.4 527.2 411.1 Wisconsin 271.5 287.6 295.8 285.9 276.7 262.4 275.4 281.2 298.9 268.7 West North Central: Minnesota '331.3 '353.9 '368.8 '357. 5 '354.7 '336.2 '351.9 351.9 360.0 325.2 Iowa. 107.3 108.6 117.6 120.6 128.9 119.2 110.3 102.6 1015 160.6 Missouri 351.2 366.9 381.5 394.6 340.6 331.2 332.9 351.4 418.4 400.6 North Dakota... 29.2 34.7 34.2 36.1 31.5 32.6 28.7 28.4 27.6 26.0 South Dakota- 29.3 33.5 37.7 40.9 40.8 41.1 39.6 35.8 37.1 35.0 Nebraska 65.9 75.7 91.3 95.1 93.6 87.2 92.1 90.5 93.6 80.0 Kansas __. 89.2 97.6 108.7 119.1 117.3 111.8 99.6 99.7 100.7 104.6 South Atlantic: Delaware 53.2 53.1 51.4 51.2 48.5 48.4 51.8 55.0 63.4 68.4 Maryland 312.1 344.6 336.1 331.9 329.2 319.1 350.9 344.6 386.6 369.9 District of Columbia 59.7 59.8 64.1 62.3 61.6 59.8 66.1 80.1 91.2 97.6 Virginia 79.3 90. 95.2 96.8 98.2 95.4 102.4 94.9 98.8 104.1 West Virginia... 65.5 64.6 68.9 66.3 69.0 65.0 69.6 65.8 71.1 61.0 North Carolina. 45.4 59.4 57.3 58.8 54.8 57.4 55.2 51.2 59.9 62.3 South Carolina- 36.7 45.8 48.4 45.7 42.1 42.7 42.6 40.1 43.4 39.0 Georgia 54.4 65.3 58.8 67.8 56.7 57.2 62.0 58.9 75.9 75.8 Florida 123.5 124.6 122.5 121.9 121.4 108.5 104.5 99. 114.1 111.2 East South Central: Kentucky 112.3 118.4 129.3 130.1 125.7 116.0 114.0 99.2 97.9 93.1 Tennessee 49.1 56.0 63.9 64.7 75.1 69.3 75.0 61.9 67.3 67.6 Alabama 50.3 57.9 58.0 60.9 57.5 53.4 51.4 52.8 56.5 58.7 Mississippi 49.5 52.8 51.5 53.4 52.2 54.4 48.9 41.0 42.5 39.5 West South Central: Arkansas 28.3 32. 37.1 42.2 43.8 42.3 36. 29.1 35.4 31.5 Louisiana 66.0 77.0 71.4 89.3 81. 81. 77.0 84.1 99.5 96.6 Oklahoma 125.3 133.6 140.1 149.4 147. 147.1 133.8 133.7 125.6 121.9 Texas 186.6 214.6 238.5 274.4 268.2 237.8 227.5 231.0 254.0 254.4 Mountain: Montana 46.4 52.8 53.1 58.8 56.4 56.4 54.8 58.5 54. 54.1 Idaho 25.4 29. 31.0 32.7 28. 30.8 29.0 29.1 27.6 27.4 Wyoming 14.4 16.2 16.3 19.4 18.2 17.6 15.5 15.4 15.2 15.1 Colorado 96.7 99.9 100. 99.0 94.0 88.9 88.5 105.5 109.8 108. 5 New Mexico . 11.5 12.6! 13. 14.9 14.8 14.8 15.1 13.8 13.6 13.1 Arizona 19.4 22.2 24.2 29.5 30.61 31.3 28.8 30. 28.8 28.0 Utah 29.3 29.7 32.9 36.6 36.0 35. 37.9 39.1 43.8 42.2 Nevada 7.8 8.1 9.0 9.1 9.7 8.8 8.7 8.5 8.3 8.7 Pacific: Washington- 145.5 160.6 164.0 170.1 161.0 156.2 158.3 167.2 182.4 155.5 Oregon 92.1 111.1 114.6 117.1 114.6 112.5 109.0 111.9 117.7 118.1 California 815.5 916.3 958.5 1,034.1 994.1 932.9 995.8 992.4 1,080.8 1,087.7 ' Revised. NOTE.—For classes of banks included see note to Tables 92-95. Figures for member banks are for dates specified; for nonmember banks, for nearest date for which reports are available. Digitized for FBRacAkS fiEguRre s—See Annual Report for 1927 (Table 83). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 165 CONDITION OF ALL MEMBER BANKS IN EACH DISTRICT No. 99.—ALL MEMBER BANKS—NET DEMAND AND TIME DEPOSITS, BY MONTHS [Averages of daily figures. In millions of dollars] Net de- Net de- Net de- Month (1931) m t p i a l m u n s e d d N m e e p a t o n s d d i e ts - de T p i o m s e its m t p i a l m u n e s d d N m e e p a t o n s d d i e ts - de T p i o m s e its m t p i a l m u n e s d d N m e e p a t o n s d d i e ts - de T p i o m s e its deposits deposits deposits Boston district New York district Philadelphia district January 2,324 1,319 1,005 10,609 7,461 3,148 2,363 1,189 1,174 February. _ 2,301 1,288 1,013 10,598 7,397 3,201 2,364 1,163 1,200 March 2,297 1,276 1,020 10,620 7,446 3,175 2,416 1,199 1,216 April 2,312 1,300 1, 012 10,526 7,342 3,184 2,467 1,256 1,211 May __ 2,295 1,281 1,014 10,605 7,401 3,204 2,426 1,206 1,220 June 2,273 1,260 1,012 10,385 7,228 3,157 2,405 1,199 1,206 July. 2,284 1,273 1,011 10,483 7,362 3,121 2,407 1,184 1,223 August 2,269 1,255 1,014 10,228 7,185 3,043 2,399 1,169 1,229 September. 2,261 1,251 1,010 10,146 7,166 2,980 2,351 1,149 1,202 October 2,210 1,228 982 9,853 7,033 2,821 2,206 1,081 1,125 November. 2,160 1,201 9,459 6,780 2,680 2,137 1,065 1,071 December- 2,036 1,137 9,181 | 6,642 2,539 2,079 1,054 1,026 Cleveland district Richmond district Atlanta district January 3,170 1,513 1,657 1,048 513 535 895 497 February.. 3,200 1,536 1,665 1,049 509 540 892 504 March 3,227 1,543 1,684 1,042 500 542 903 508 395 April 3,240 1,563 1,677 1,061 507 554 905 511 394 May 3,197 1,526 1,671 L, 064 508 555 896 505 391 June 3,179 1,519 1,661 1,061 505 555 387 492 396 July 3,158 1,497 1,661 L, 055 497 559 882 481 401 August 3,131 1,487 1,643 1,051 494 557 875 468 407 September. 2,997 1,405 1,593 1,048 496 552 =153 454 399 October 2,690 1,239 1,451 993 480 513 823 436 387 November. 2,565 1,175 1,390 965 467 498 795 419 376 December- 2,510 1,161 1,349 938 456 482 789 418 371 Chicago district St. Louis district Minneapolis district January.. . 4,594 2,469 2,125 1,071 590 481 849 392 458 February. 4,570 2,428 2,142 1,052 577 475 842 383 459 March 4,537 2,383 2,154 1,077 594 483 853 396 457 April 4,586 2,397 2,188 1,108 615 493 862 403 459 May 4,602 2,415 2,187 1,117 625 493 847 389 458 June 4,418 2,324 2,094 1,091 612 479 853 398 455 July 4,338 2,333 2,004 1,066 588 478 843 395 448 August 4,302 2,311 1,991 1,046 569 477 824 382 442 September 4,181 2,266 1, 915 1,032 558 474 819 381 437 October-.. 3,934 2,143 1,791 998 535 462 798 371 427 November. 3,822 2,089 1,733 965 520 445 789 369 420 December. 3,689 2,013 1,676 949 525 424 777 356 420 Kansas City district Dallas district San Francisco district January... 1,150 774 376 798 565 233 3,177 1,290 1,887 February.. 1,133 757 376 813 577 236 3,155 1,270 1,885 March 1,133 749 384 802 567 235 3,162 1,270 1,892 April 1,138 751 387 801 567 234 3,174 1,279 1,895 May 1,129 743 386 797 563 234 3,193 1,257 1,937 June 1,123 738 385 775 543 232 3,152 1,236 1,916 July _ 1,123 740 383 763 537 226 3,125 1,235 1,889 August 1,097 717 380 746 524 222 3,074 1,220 1,854 September. 1,085 704 381 725 509 216 3,003 1,188 1,815 October. __ 1,049 679 370 690 487 203 2,894 1,146 1,748 November. 1, 012 652 361 688 484 204 2,861 1,138 L121 December- 998 645 353 677 475 202 2,815 1,103 1,712 Back figures.—See Annual Reports for 1930 (Table 95), 1929 (Table I), 1928 (Table 93), and 1927 (Table 87). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
166 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 100.—ALL MEMBER BANKS—RESERVE BALANCES, BY MONTHS, 1928-1931 [Monthly averages of daily figures. In millions of dollars] Federal Reserve District Month Boston Y N o e r w k P p d h h e i l i l - a a- C la le n v d e- m Ri o c n h d - la A n t t - a c C a h g i o - L S ou t. is n M o e l a i i n p s - - K C s a a it n s y - F c S r is a a c n n o - 1928 January 155.9 957.9 141.7 188.9 73.8 70.7 352.1 86.1 53.3 92.1 68.8 185.2 February 151.0 924.4 138.5 188.1 72.4 70.0 345.8 85.0 53.1 92.4 69.3 178.2 March 151.2 931.6 138.6 186.0 70.6 69.4 345.7 82.8 53.9 92.4 67.1 175.8 April 156.3 955.5 139.3 186.7 69.9 69.1 348.1 82.5 52.4 91.9 65.4 179.5 May- 153.6 946.8 138.5 188.7 69.0 68.3 353.2 82.3 51.6 90.6 64.9 180.3 June 149.3 925.9 136.2 185.9 68.5 66.6 352.0 80.3 52.9 90.3 64.1 182.5 July.. 149.9 902.4 134.7 186.8 67.2 64.7 351.0 79.7 52.0 91.7 63.7 179.9 August 147.1 872.0 132.0 185.8 66.2 63.7 344.8 78.5 50.7 92.4 62.5 178.2 September 149.6 883.2 134.9 190.3 67.6 62.7 352.3 80.1 53.0 92.8 65.5 182.4 October - 152.5 889.7 134.8 187.8 68.3 63.4 353.3 80.5 55.1 92.5 68.9 185.2 November 152.0 903.4 134.4 185.4 69.1 64.8 354.0 81.5 56.1 93.0 71.4 187.3 December 148.6 923.4 134.5 183.4 69.6 67.5 353.0 83.4 55.1 93.0 72.2 183.2 1929 January 150.5 137.2 187.0 69.7 67.2 354.3 84.2 53.9 93.9 71.8 180.7 February 146.7 928.5 133.5 185.7 68.6 67.6 352.8 82.9 52.5 91.9 70.7 176.0 March 144.3 924.6 133.4 185.6 67.6 67.7 346.5 78.7 53.1 91.8 70.0 173.1 April 144.1 915.2 133.2 183.4 67.2 66.2 341.6 77.8 51.6 89.2 66.8 171.7 May 141.9 914.7 133.8 184.1 65.6 64.5 340.8 76.6 50.2 87.5 65.1 171.6 June 142.4 931.9 134.7 184.2 65.5 63.4 341.0 75.9 51.3 88.6 63.3 172.0 July 147.6 930.9 135.3 187.2 65.7 61.9 347.2 77.0 52.4 92.0 62.5 173.9 August 146.2 919.9 134.2 188.5 65.4 60.2 352.7 76.7 52.5 92.8 61.2 172.1 September 147.5 930.5 134.6 187.1 64.5 61.1 351.2 76.7 53.3 91.2 62.8 174.1 October. 151.1 968.4 134.7 185.5 64.9 62.4 356.6 78.1 53.2 90.2 65.8 174.7 November 154.1 1,107.7 133.8 182.9 64.8 61.5 353.6 78.7 53.4 89.7 65.2 175.8 December 150.1 999.6 133.5 180.1 65.4 62.6 342.7 79.3 53.3 89.0 64.4 175.2 1930 January. 149.9 956.6 133.8 182.2 66.2 64.5 337.0 79.3 51.3 88.7 63.1 176.7 February 145.3 930.1 133.1 182.9 65.4 64.4 332.5 78.0 50.5 87.1 63.6 172.4 March 144.6 944.0 134.7 185.2 64.2 65.0 340.1 77.7 51.8 88.3 63.2 171.0 April 147.1 952.8 135.5 188.0 63.9 65.4 345.8 78.6 51.3 87.8 61.7 172.3 May 145.2 962.7 134.8 189.9 63.9 63.0 346.9 77.5 50.9 87.4 61.4 172.8 June 145.8 990.2 137.8 195.1 63.2 61.3 76.6 51.8 88.0 59.9 173.1 July -. 149.3 1,000.8 139.4 200.6 63.5 60.6 351. 2 77.0 50.4 88.9 59.0 176.9 August; 146.4 983.3 140. 9 200.7 63.4 59.2 350.8 76.2 49.7 88.4 57.6 175.7 September 146.8 141.2 200.8 63.4 59.9 348.5 75.7 51.3 88.2 58.5 173.4 October 149.1 1,008.3 141.1 196.0 63.3 59.6 342.6 74.4 51.6 88.1 59.1 173.4 November 150.7 1,026.3 140.5 191.8 63.1 59.1 344.8 73.6 52.3 86.6 58.8 185.1 December 144.5 1,031.6 140.6 187.1 61.3 58.1 343.4 70.2 50.2 85.4 57.7 184.9 1931 January 146.1 1,051.7 143.8 190.9 60.8 58.2 339.2 49.0 85.0 57.1 181.5 February... 142.6 1,005.1 141.3 192.7 60.6 58.8 332.9 47.5 82.2 57.7 179.4 March 141.9 1,018.1 146.2 194.8 61.0 58.8 327.4 70.2 48.9 82.2 57.1 179.3 April 143.8 990.5 151.5 196.9 61.6 59.5 330.8 72.5 50.0 81.8 57.1 179.9 May -. 142.2 1,008.8 147.0 192.8 62.4 58.2 334.0 73.9 81.7 56.3 181.1 June 141.1 1,042.9 145. 5 192.0 61.5 57.4 325. 2 71.9 49.1 82.0 54.7 180.6 July 142.3 1,047.4 145.5 190.7 61.0 56.5 327.6 69.7 49.3 82.2 54.2 180,4 August 141.0 999.9 143.5 187.2 61.0 54.4 332.8 67.1 47.6 80.7 52.6 177.5 September 142.7 1,015.8 139.8 178.6 59.2 53.6 327.9 65.9 47.6 79.6 52.4 169.7 October 154.3 996.1 131.5 159.9 57.9 51.4 306.0 64.7 46.4 76.8 53.4 157.2 November 135.8 915.7 128.2 150.3 55.6 49.4 289.0 64.6 45.9 74.1 50.2 159.5 December 129.0 902.4 124.4 147.0 53.7 283.8 63.1 45.1 73.5 49.0 149.8 Back figures.—See Annual Report for 1927 (Table 89). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL MEMBER BANKS IN EACH DISTRICT 167 No. 101.—ALL MEMBER BANKS—BORROWINGS 1 AT FEDERAL RESERVE BANKS, BY MONTHS, 1930 AND 1931 [Monthly averages of daily figures. In millions of dollars] Federal Reserve District Month Boston Y N o e r w k P p d h h e i l i l - a a- C l l a e n v d e- m Ri o c n h d - la A n t t - a c C a h g i o - L S ou t. is n M o ea l i i n p s - - K C s a a it n s y - Dallas F C S r i a s a c n n o 1930 January 23.9 111.8 53.7 72.8 30.8 31.7 87.4 17.7 7.0 28.1 13.3 22.5 February 23.2 70.5 50.5 53.3 22.2 25.3 63.0 16.7 3.0 23.0 11.9 15.1 March 21.1 54.3 36.7 31.1 16.8 21.6 35.2 14.0 2.4 16.2 8.3 15.8 April 15.6 53.7 28.3 25.7 16.0 18.8 22.7 13.9 3.1 12.8 7.5 13.1 May 17.7 58.0 29.8 21.0 17.2 27.6 20.6 15.5 3.8 15.2 8.7 11.8 June 17.3 57.1 28.1 23.6 19.7 30.4 18.1 18.1 3.8 14.2 10.2 10.6 July 12.6 44.0 24.4 24.9 19.8 28.9 19.0 16.3 4.2 10.4 11.5 10.0 August 12.6 47.6 18.2 15.7 21.4 29.9 16.5 15.1 4.4 9.2 13.9 9.5 September 11.6 32.2 16.4 14.6 20.0 28.2 14.4 17.7 4.1 8.8 13.2 7.6 October 8.9 36.7 17.5 25.0 18.9 24.8 15.8 17.3 4.3 10.3 10.2 6.7 November 12.3 42.6 19.6 27.1 21.7 26.6 18.5 17.4 3.8 14.0 8.4 8.9 December 17.3 90.3 27.5 37.9 33.1 30.4 26.4 14.2 3.9 16.0 6.9 33.7 1931 January... 11.5 55.7 27.3 28.7 22.3 23.4 25.9 11.8 4.1 17.2 5.2 19.9 February. 10.7 47.8 24.2 23.1 18.3 21.6 20.5 9.4 4.0 13.6 6.2 16.3 March 9.9 41.3 20.6 16.4 15.9 13.4 14.7 8.2 3.6 10.5 7.2 14.8 April _ 8.4 41.9 16.0 14.0 13.2 11.0 12.7 7.9 3.5 9.0 7.5 9.4 May 10.6 37.4 18.2 14.1 15.9 11.0 13.5 7.4 3.9 9.5 8.5 12.6 June 11.3 33.0 19.4 17.8 19.4 12.7 16.2 7.8 4.2 11.6 10.0 24.6 July 9.0 26.0 16.5 15.8 17.2 13.6 12.1 8.9 4.3 9.5 10.8 25.3 August- 8.9 48,1 18.6 25.0 18.5 20.4 15.9 10.6 4.6 13.1 13.3 25.4 September 8.1 51.3 31.7 35.8 22.7 25. 3 24.0 12.2 4.1 13.3 13.5 38.1 October 17.0 153.2 89.3 78.5 35.1 37.7 50.4 18.5 6.1 24.4 20.5 82.4 November 26.0 120.5 108.3 98.9 40.5 51.0 69.9 25.9 7.4 33.8 23.0 89.9 December 47.5 167.7 117.5 110.6 39.5 51.6 86.6 26.8 8.0 30.3 17.6 70.9 i Includes small amounts of borrowing by intermediate credit banks, etc., see Table 55. Back figures.—See Annual Reports for 1929 (Table 91) and 1927 (Tables 90 and 55). No. 102.—NUMBER OF MEMBER BANKS DISCOUNTING PAPER AT FEDERAL RESERVE BANKS, BY FEDERAL RESERVE DISTRICTS, 1924-1931 District 1924 1925 1926 1927 1928 1929 1930 1931 Boston 317 297 286 261 265 306 280 294 New York 593 600 603 602 623 651 658 736 Philadelphia 525 450 558 552 562 594 613 722 Cleveland 485 483 466 430 421 475 459 457 Richmond 463 428 430 383 386 384 345 353 Atlanta 390 320 333 300 315 352 311 301 Chicago 922 825 814 746 685 708 656 695 St. Louis 391 339 330 309 292 338 343 334 Minneapolis 476 290 270 275 224 249 234 266 Kansas City 586 410 453 377 381 417 447 432 Dallas 492 361 453 318 296 359 375 375 San Francisco 420 380 347 316 268 280 270 295 Total 6,060 5,183 5,343 4,869 4,718 5,113 4,991 5,260 Back figures.—See Annual Reports for 1922 (Table 48), 1919 (Table 39), 1916 (p.i ){, and 1915 (p. 71) 125554—32 12 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 103.-—ALII MEMBER BANKS—PRINCIPAL RESOURCES AND LIABILITIES ON CALL DATES, 1930-31 [In thousands of dollars] ! Total loans and investments Capita], Reserve .DlllS Fed d e i r s a t d r l i a c R t t e e a s n e d rve Investment b f a D r n o u m k e s2 a s d n u iv d rp i d u lu e n d s - de T p o o t s a i l ts d D e e p m os a i n ts d 4 de T p i o m si e ts6 U S de n ta p i t t o e e s s 1 - D ba u n e k s to 6 d d e e N m po e a s t n it d s F R e e w d se i e t r r h v a e l p a a a b n y d le - b b N a e u r n m k o s - f Total Loans * Total U e . r s n S e m c . u G e r n - o t v- s O e t c h u e r r - profits 3 its banks c r o e u di n s t - s ities ities Boston: 1930—Dec. 31... 2,510,879 1, 749, 779 761,100 231, 504 529, 596 150,613 456, 625 2, 533, 237 1,298,073 995,113 23,788 216, 263 1,309, 501 147,298 19, 230 396 1931—Mar. 25.. 2, 500, 914 1,684,028 816,886 261, 748 555,138 151,295 456, 817 2, 488, 500 1, 204,948 1, 019, 255 55, 385 208,912 1, 258, 796 140,399 16, 497 393 June'30. . 2, 455,777 1, 587, 978 867, 799 305, 044 562, 755 125,084 448, 498 2, 465, 902 1, 218,931 1,012,817 27, 768 206, 386 1,257,332 139,198 13, 497 387 Sept. 29.. 2, 432,135 1, 542, 900 889, 235 330, 322 558,913 125,011 448, 710 2,393, 876 1,175,010 1, 003, 068 24, 720 191, 078 1, 209, 808 144, 309 25, 277 383 Dec. 31... 2,184, 509 1, 390, 491 794,018 302, 460 491, 558 94,918 430, 294 2,142, 758 1, 098, 642 853, 363 11, 729 179,024 1,125,306 148,800 61, 976 373 New York! 1930—-Dec. 31_._ 12,023, 389 8, 299,878 3,723,511 1, 493,680 2,229,831 296, 202 2,600, 335 13, 050, 337 7,811,998 3,171, 518 51,637 2, 015,184 7, 746,316 1,062, 054 88,146 914 1931—Mar. 25.. 11,879,928 7,919, 303 3,960, 625 1, 767, 355 2,193, 270 325,906 2, 597, 070 12,014, 009 6, 707,996 3,185,017 163, 275 1, 957, 721 7,449, 757 988, 750 60,861 908 June 30..,- 11, 660, 700 7,536, 765 4,123,935 1,982, 858 2,141, 077 317, 757 2, 543,666 12, 703, 219 7, 353, 3863,149, 367 134, 631 2, 065,835 7, 466, 483 1,009,604 51,411 902 Sept. 29.. 11, 514,998 7,165,117 4, 349,881 2,195,881 2,154,000 228, 783 2, 515,127 11, 589, 900 6, 586, 810 2,939,879 166,870 1,896, 341 7, 362, 761 1, 037, 705 95, 764 876 Dec. 31... 10, 565, 263 6, 608,894 3,956, 369 2,125,866 1,830, 503 221, 433 2. 366, 024 10, 734, 548 6, 597, 245 2, 492, 551 186, 095 1, 458, 657 6, 684, 437 796,159 194, 377 841 Philadelphia: 1930—Dec. 31— 2, 733, 204 1, 767,136 966, 068 219, 250 746,818 148, 079 651,161 2, 577, 500 1,144, 318 1,173, 585 21, 525 238, 072 1,187, 035 145,098 40, 774 753 1931—Mar. 25.. 2,812, 747 1, 704, 053 1,108, 694 351, 586 757,108 257, 646 648, 900 2, 735, 967 1,145,887 1, 218, 702 48, 305 323,073 1, 240,138 151, 562 27, 343 751 June 30..- 2, 788,197 1,673, 986 1,114, 21] 347, 278 766, 933 193,167 644, 055 2, 687,040 1,147,873 1, 217, 532 36, 567 285, 068 1, 202,125 148, 391 26,069 744 Sept. 29.. 2, 740, 276 1,619, 226 1,121,050 365,901 755,149 114, 401 639, 136 2, 490, 010 1, 051, 412 1,176,170 58, 737 203, 691 1,120, 065 142,911 72, 309 740 Dec. 31... 2, 557,905 1,520,817 1, 037,088 336, 900 700,188 121,822 612, 509 2, 263, 277 1, 028,137 1, 031,829 29, 713 173, 598 1, 039, 208 125, 848 140,890 715 Cleveland: 1930—Dec. 31... 3, 418, 757 2,262, 364 1,156, 393 445, 525 710,868 194, 723 618, 557 3, 427, 997 1, 432,806 1,652,812 28,500 313,879 1, 512, 452 185, 745 50, 938 757 1931—Mar. 25.. 3, 434,140 2,194, 309 1, 239, 831 550, 281 689, 550 250, 739 621, 309 3, 484, 308 1, 324, 647 1, 686, 448 25,633 447, 580 1, 548, 382 195,891 23,651 735 June 30 3, 369, 515 2,112, 730 1, 256, 785 587,923 668,862 203,179 607, 333 3, 416, 575 1, 332,987 1,673,893 35,040 374,655 1, 514, 642 189, 309 24, 273 719 Sept. 29.. 3, 202, 786 2,012, 229 1,190, 557 567, 449 623,108 171, 488 592, 488 3,142,128 1, 247,143 1, 564,016 73, 258 257, 711 1, 340, 578 168, 032 67, 250 698 Dec. 31... 2,865, 042 1, 807, 046 1,057, 996 489, 264 568, 732 124,431 551, 248 2,696, 642 1,137,199 1, 333, 792 29, 295 196, 356 1,182, 724 146, 996 129, 454 655 Xvl 1 C 9 Il 3 X 0 Il — OH D Cl e • c. 31... 1,153, 803 842,172 311,631 109,825 201,806 98,169 221, 744 1,192, 332 517.499 538, 383 18,105 118, 345 520,162 63,153 31, 584 470 1931—Mar. 25.. 1,144,874 811, 906 332, 968 128, 592 204, 376 130, 460 222, 239 1,199, 008 485,830 549,114 26, 035 138, 029 503, 255 62, 363 18,127 466 June 30. _. 1,141,028 785, 400 355,628 141, 289 214, 339 113, 367 215, 581 1, 202, 036 494, 654 561,617 23,158 122, 607 507, 360 62, 704 18, 517 458 Sept. 29.. 1,137,095 771,602 365, 493 154,417 211,076 88. 874 213, 698 1,132, 082 469, 252 540, 789 17, 416 104,625 487,161 58, 083 35,820 448 Dec. 31... 1, 050, 098 692, 594 357, 504 157, 375 200,129 77, 930 200, 406 1, 037, 016 450,059 474,104 19, 861 92, 992 449, 768 51, 201 38,124 403 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Atlanta: 1930—Dec. 31— 989,419 725, 754 263, 665 112, 276 151, 389134, 760 184, 316 1, 068, 251 505,807 410, 425 27, 770 124, 249 509,161 62, 543 26,409 390 1931—Mar. 25.. 974,603 675, 939 298,664 145, 450 153, 214161, 700 188, 078 1, 087, 522 489, 410 398, 620 39, 297 140,195 506, 731 59, 372 18,173 376 June 30— 957, 288 645, 645 311,643 151, 820 159,823 146, 852 182, 314 1, 044, 417 482, 533 402, 239 31, 475 128,120 496, 949 58, 510 15, 572 371 Sept. 29.. 960, 226 635,187 325, 039 160, 517 164, 522 96, 262 181, 536 961, 924 426, 543 393. 049 43,127 99, 205 446, 217 52,125 34, 409 363 Dec. 31— 905,998 593, 294 312, 704 153, 550 159,154 97,669 174, 345 910,014 422, 232 369,135 25, 212 93, 435 427, 931 48, 510 47, 760 349 1930—Dec. 31... 4, 809, 4223, 405, 9561, 403, 466 538, 463 865,003 427,163 780, 602 5,148, 2162, 381,8142,134, 998 40, 767 590, 6372, 491, 270 361, 773 31, 327 1,081 1931—Mar. 25_. 4, 784, 2253, 256, 9271, 527, 298 676, 599 850,699 438, 633 778, 797 5, 010, 9732,176,211 2,155, 438 54, 502 624,822 2, 388, 379 322,183 38, 281 1,062 June 30— 4, 486,005 3,025, 3361, 460,669 713, 795 746,874 443, 646 720, 652 4,843, 8062, 192,1002,027, 574 45,137 578, 9952, 349, 476 322,631 18, 387 1,009 Sept. 29.. 4, 237,929 2,869, 3121,368,617 664,147 704, 470372, 456 705, 243 4, 495, 2052, 077, 0981,882, 320 29,655 506,132 2, 207,691 324,096 27,144 960 Dec. 31— 3,881, 805 2, 632,4021, 249, 403 598, 953 650,450 279, 313 644, 391 4,064, 3371, 937, 4751,645, 159 33, 846 447,857 2, 041, 721 286, 429 91,439 903 ol. -L/OUIS. 1,153, 702 787,429 366,273 94,265 272,008 122, 559 187,928 1, 210, 785 597, 571 470, 353 4,393 138, 468 616, 229 69, 644 20, 755 513 1930—Dec. 31— 1931—Mar. 25.. 1,147, 547 741,917 405,630 121, 316 284, 314156, 746 186,427 1, 233, 083 574, 657 483, 920 17,160 157, 346 600, 264 71. 735 14,037 505 June 30— 1,136, 962 702, 225 434, 737 142, 410 292, 327120, 336 185, 307 1,193,993 575,324 471,159 10,130 137, 380 609, 602 68, 804 13,633 506 Sept. 29.. 1,108, 720 683,152 425, 568 152, 731 272,837 92,140 183, 988 1,116, 596 514,180 468, 508 17, 752 116,156 548, 087 65, 778 19, 254 500 Dec. 31— 1,030, 777 623, 439 407, 338 158,694 248,644 73, 365 170, 858 1, 028,178 504,811 419, 521 7,500 96, 346 519, 775 59, 938 26, 594 465 1930—Dec. 31— 851,130 494, 527 356, 603 122, 434 234,169 142,016 117, 727 968, 307 401,002 459, 853 2,480 104, 972 397, 715 48, 364 4,868 642 1931—Mar. 25.. 853, 768 492, 212 361, 556 120, 300 241, 256142, 433 116, 585 969, 521 389, 478 458, 937 2,262 118,844 403, 327 49, 261 3,751 632 June 30— 840, 370 479, 445 360, 925 118, 718 242, 207130, 283 115, 790 954, 687 391, 732 450, 556 3,510 108,889 402, 057 53, 404 4,626 615 Sept. 29.- 821,172 456, 082 365,110 121, 997 243,113 101, 647 115,664 893, 976 356, 026 433,874 9,848 94, 228 375,114 46, 932 4,699 597 Dec. 31— 789, 221 440, 589 348, 632 111, 783 236, 849 95, 379 113, 021 860, 518 340, 000 429, 973 3,141 87, 404 354, 617 45, 571 7,543 579 Kansas City: 1930—Dec. 31— 1,147, 050 716, 688 430, 362 172,848 257, 514232, 075 165, 065 1, 384, 900 781, 623 372,125 4,306 226, 846 801, 709 88, 298 16, 455 871 1931—Mar. 25 _. 1,104,184 672, 234 431, 950 169, 042 262, 908266, 341 165, 795 1, 354, 717 718, 292 385, 627 5,071 245, 727 743, 824 81, 275 9,497 861 June 30— 1,101,672 652, 821 448,851 185, 805 263,046 241, 460 162,959 1, 337, 754 707,994 386, 239 6,297 237, 224 752, 828 84, 307 9,433 854 Sept. 29.. 1, 064, 251 613, 799 450, 452 199, 652 250,800 183, 599 162, 712 1, 229, 728 652, 537 378,119 13, 542 185, 500 689,008 77, 447 15, 398 844 Dec. 31— 1,016, 080 573, 601 442, 479 204, 753 237, 726158,809 157,839 1,145, 737 634,452 340,900 4,773 165,612 664,001 76, 242 29, 429 824 LJ a 1 l 9 l 3 8, 0 S. —Dec. 31— 822, 436 600, 957 221, 479 117,699 103, 780184,127 165,944 961, 727 573,135 233, 608 13. 574 141,410 573, 978 58,104 5,958 684 1931—Mar. 25. 826, 072 578, 700 247,372 145, 254 102,118 204,174 166, 738 968, 481 559, 513 236,135 22,179 150, 654 568, 625 57, 468 8,989 666 June 30... 803, 051 560, 422 242, 629 129, 762 112,867 172, 358 163, 967 919, 846 540, 575 231, 599 16, 834 130, 838 545, 936 57, 323 11, 763 658 Sept. 29.. 776, 309 532,185 244,124 131, 590 112, 534123, 826 159, 736 837,125 487, 508 211, 033 39/627 98, 957 495, 848 56, 759 16,817 645 Dec. 31— 723,869 479, 612 244, 257 132, 233 112,024 113, 904 149, 725 783, 997 465,163 198,918 21, 973 97, 943 474, 545 49, 638 14, 341 617 3an^Francisco: 1930—Dec. 31... 3, 246, 3202, 217,8481,028, 472 467,007 561, 465325, 462 443,033 3, 593, 3501, 300, 6411, 933, 428 30, 570 328, 7111, 303, 852 182, 435 18, 724 581 1931—Mar. 25.. 3, 265, 5632,108, 4181,157, 145 564, 739 592, 406305,131 450, 096 3, 473, 7071,211,112 1,886,045 43,100 333, 4501, 269, 605 184, 219 42,235 573 June 30— 3,181, 957 2, 053, 4901,128, 467 536, 330 592,137 309, 607 440, 292 3, 498, 7901, 216, 6761, 930, 826 24,850 326, 4381, 252, 210 202, 236 9,717 559 Sept. 29.. 3, 077, 3371, 973, 3131,104,024 519,857 584,167 236, 632 440, 661 3,197, 6971,123,387 1, 785, 50731, 609 257,194 1,162,865 165,053 51, 570 545 Dec. 31— 3,004, 558 1,897,906 1,106, 652 546,823 559,829 203, 253 428, 669 3, 079, 3641, 088,8671, 726, 59738, 707 225,193 1,103, 385 139,837 57, 201 522 1 Includes rediscounts and overdrafts; excludes acceptances of other banks and bills of exchange sold with indorsement. 2 Does not include items with Federal reserve banks in process of collection or amounts due from foreign banks or own foreign branches. 3 Includes reserves for dividends, contingencies, etc., but excludes reserves for interest, taxes, and other expenses accrued and unpaid. 4 Includes certified and cashiers' or treasurers' checks and letters of credit and travelers' checks sold for cash, fi Includes postal-savings deposits. • Includes amounts due to Federal reserve banks, foreign banks, and other banks; also amounts due to own foreign branches. Back figures.—See Annual Reports for 1930 (Table 94) and 1927 (Table 86). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 104.—ALL MEMBER BANKS-—CLASSIFICATION OF LOANS AND INVESTMENTS ON CALL DATES In millions of dollars] Loans to banks Loans to customers(exclusive of banks) Open-market loans Investments S st e o c c u k re s d a n b d y Secured by Purchased paper Total real estate Federal reserve loans Secur- ° Other- Loans U. S. district and date i m nv e e n s ts t- Total s b e t a d o o n n c b d d k y s s o A th l e l r Total b o r Y N u o T t o e k s o r i w e d k r e s to o c m T t u h s o e e - r r s F la a n rm d e O r s e t t h a a e t l e r se c u w a c u n u n i r s s e r d e e e d - d Total in p A S a a U c t n y a c n c a t e e e i b p t s s e l t e - d e c t f o a c o B b u . r , l n i e e l p i t l g r s a i i n , n y es - m p C e a o r p c m e ia r - l b Y r N o o i t e k n o r w e k r i s Total G s m e o t c i v e e u e n s r r i t n - s O e t c t i h u e e r s i r - td Cityi Boston: 1929—Oct. 4___ 2,634 20 (2) (2) 1,751 130 577 8 266 770 149 2 4 37 106 715 265 450 Dec. 31... 2,561 25 (2) (2) 1,702 102 597 7 270 727 183 37 4 45 97 650 216 434 1930—Mar. 27. _. 2,571 22 13 9 1,615 96 537 8 272 703 232 24 4 81 123 702 246 456 June 30 2,592 27 13 14 1,616 102 553 8 270 683 193 3 95 95 755 244 511 Sept. 24... 2,583 26 11 15 1,556 88 546 9 273 640 226 23 2 89 112 775 237 538 Dec. 31... 2,511 27 13 14 1,534 78 541 8 265 642 189 74 3 58 54 761 232 530 1931—Mar. 25... 2,501 19 9 10 1,467 57 522 7 262 619 198 81 7 64 46 817 262 555 June 30 2,456 18 10 8 1,419 54 504 7 260 594 151 47 14 61 28 868 305 563 Sept. 29... 2,432 17 13 4 1,410 67 484 7 257 595 116 33 2 62 19 889 330 559 Dec. 31. __ 2,185 50 42 8 1,288 47 443 7 247 543 53 18 2 29 4 794 302 492 X"N\T tP5O W 1 T 9 V 2 X 9 n ( — Jrliirv O -. ct. 4___ U, 763 309 (2) (2) 7,132 92 2,666 13 547 3,814 1,373 60 34 23 1,255 2,950 1,236 1,714 Dec. 31__. 12, 316 328 (2) (2) 7, 231 84 2,955 12 539 3,640 1,538 129 47 39 1,322 3,220 1,343 1,877 1930—Mar. 27... 11, 783 208 95 113 6,502 80 2,657 13 532 3,220 1,830 92 41 88 1,609 3,241 1,417 1.824 June 30... 12,385 200 80 120 6,511 94 2,759 13 545 3,100 2,202 144 30 69 1,959 3,471 1,405 2,066 td Sept. 24... 12, 093 172 54 118 6,392 104 2, 723 14 543 3,008 2.031 149 28 59 1,795 3,497 1,367 2,130 •** Dec. 31... 12,023 288 134 154 6,428 121 2,796 14 530 2,967 1,584 191 23 59 1,311 3,724 1,494 2,230 fed 1931—Mar. 25. __ 11,880 158 71 87 6,051 138 2,580 16 540 2,777 1,711 200 51 63 1,397 3,961 1,767 2,193 June 30... 11, 661 163 70 93 5,833 140 2,482 14 556 2,641 1,542 297 44 120 1,081 4,124 1,983 2,141 W Sept. 29. __ 11,515 264 128 136 5,746 130 2,368 15 540 2,693 1,154 201 34 65 855 4,350 2,196 2,154 o Dec. 31___ 10, 565 393 215 178 5,502 97 2,265 13 543 2,583 713 107 18 38 550 3,956 2,126 1,831 Philadelphia: 1929—Oct. 4... 2,755 51 (2) (2) 1,774 100 583 14 208 870 64 2 4 16 42 865 217 648 Dec. 31... 2,687 65 (2) (2) 1,750 81 607 14 216 833 44 1 5 12 25 828 193 635 1930—Mar. 27... 2,671 52 35 17 1,697 78 592 14 224 789 84 3 4 34 43 837 190 647 June 30. _. 2,713 49 33 16 1,716 89 615 14 226 772 64 1 4 44 15 884 196 688 Sept. 24 2 737 27 14 13 1,672 78 601 14 227 752 115 3 63 49 923 196 727 Dec. 31... 2, 733 1 56 44 12 1,654 1 60 609 14 228 744 57 2 38 16 966 219 1 747 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1931—Mar. 25... 2,813 ! 46 31 15 1,596 48 589 14 225 720 61 3 44 14 1,109 352 757 June 30.— 2,788 50 36 13 1,568 40 574 14 229 711 56 2 39 16 1,114 347 767 Sept. 29... 2, 740 I 47 38 9 1,535 37 562 14 228 694 37 ; 1 31 4 1,121 366 755 Dec. 31... 2,558 ! 53 40 13 1,449 25 510 14 226 675 18 2 12 5 1,037 337 700 Cleveland: 1929—Oct. 4... 3, 498 I 34 (2) 2,255 79 785 27 468 897 1 8 120 1,080 429 651 Dec. 31.._ 3,455 49 (2) 2,296 74 852 28 465 877 65 8 57 1,046 406 640 1930—Mar. 27. _. 3,454 ! 35 24 11 2,209 69 809 33 460 838 130 11 18 101 1,080 444 636 June 30-— 3, 479 ! 31 19 12 2,216 78 824 31 460 823 18 70 1,143 448 695 Sept. 24... 3, 530 | 28 17 11 2,153 65 826 31 467 764 118 ! 1 1 30 86 1,230 515 715 Dec. 31... 3, 419 j 43 29 13 2,182 57 851 31 486 758 37 8 1 14 14 1,156 446 711 1931—Mar. 25-- 3,434 i 33 20 13 2,127 47 837 30 479 733 35 8 1 13 13 1,240 550 690 June 30. _- 3,370 23 15 8 2,061 42 818 30 476 695 28 4 1 9 15 1,257 588 669 Sept. 29. _. 3,203 50 22 28 1,948 39 746 29 462 673 14 10 5 1,191 567 623 Dec. 31..- 2, 865 43 26 17 1,758 30 673 28 422 605 3 3 1,058 489 569 Bichmond: 1929—Oct. 4... 1,299 25 (2) 920 22 231 18 50 45 6 37 309 132 177 Dec. 31... 1,278 18 (2) 920 17 253 18 52 580 1 12 23 303 124 179 1930—Mar. 27... 1, 223 19 4 15 850 17 223 18 51 541 59 16 43 295 124 171 June 30- — 1, 204 24 5 19 835 18 228 17 51 521 28 15 13 316 131 185 Sept. 24... 1,206 24 5 19 824 14 233 18 51 508 22 11 324 127 197 Dec. 31-_. 1,154 24 7 17 801 13 233 17 51 486 17 16 1 312 110 202 1931—Mar. 25. - 1,145 18 5 13 775 10 225 18 53 470 19 16 3 333 129 204 June 30... 1,141 17 6 11 751 9 217 18 53 456 17 15 2 356 141 214 Sept. 29_— 1,137 19 7 12 736 7 213 17 55 443 17 1 12 3 365 154 211 Dec. 31-- 1,050 18 7 11 668 7 195 16 51 400 7 1 5 358 157 200 Atlanta: 1929—Oct. 4___ 1,149 30 (2) 810 23 168 24 58 537 49 1 3 5 40 260 117 143 Dec. 31.- 1,115 22 (2) 796 18 165 23 58 532 37 2 2 11 22 260 115 145 1930—Mar. 27_ — 1,107 27 3 24 746 16 154 24 54 498 71 1 3 17 50 263 120 143 June 30.— 1,059 32 4 28 725 18 162 25 53 467 33 2 12 19 268 117 151 Sept. 24... 1,053 33 5 28 704 15 154 25 53 457 32 1 2 10 19 285 134 151 Dec. 31.- 989 27 4 23 678 14 150 27 51 437 20 1 2 8 10 264 112 151 1931—Mar. 25... 975 21 3 18 635 9 156 25 48 398 20 2 2 7 10 299 145 153 June 30-__ 957 21 3 18 614 8 145 25 44 392 11 1 2 8 1 312 152 160 Sept. 29.- 960 25 5 20 602 9 161 24 44 365 8 1 1 6 325 161 165 Dec. 31-- 906 22 6 16 567 8 141 23 47 348 5 1 2 2 313 154 159 Chicago: 1929—Oct. 4___ 5,117 93 (2) 3,640 326 1,062 81 489 1,683 167 5 4 45 113 1,216 490 726 Dec. 31.-- 4,934 132 (2) 3, 555 288 1,100 82 501 1,583 83 11 6 39 27 1,164 408 756 1930—Mar. 27... 4,837 95 67 28 3,265 239 1,014 83 485 1,444 286 7 11 82 186 1,190 466 724 June 30.. _ 4,933 81 57 24 3,351 278 1,065 80 475 1,453 250 3 20 109 119 1,251 475 776 Sept. 24.- 4,967 69 49 20 3,206 288 990 79 472 1,377 368 8 14 94 252 1,325 487 838 Dec. 31.- 4,809 90 61 28 3,182 235 1,042 77 468 1,360 134 18 14 53 49 1,403 538 865 1931—Mar. 25-_. 4,784 86 63 23 2,956 187 997 75 462 1,236 214 16 26 53 119 1,527 677 851 June 30. ._ 4,486 100 72 27 2,782 153 950 74 435 1,170 143 4 42 45 52 1,461 714 747 Sept. 29_— 4,238 102 79 23 2,669 176 904 71 429 1,089 98 3 23 41 30 1,369 664 704 Dec. 31.- 130 99 32 2,469 136 844 60 395 1,035 33 3 10 17 3 1.249 599 650 1 Includes loans to dealers in securities. * Not available. Back figures.—See Annual Report for 1929 (Table 93). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 104.—ALL MEMBER BANKS—CLASSIFICATION OF LOANS AND INVESTMENTS ON CALL DATES—Continued to [In millions of dollars] Loans to banks Loans to customers (exclusive of banks) Open-market loans Investments Secured by Secured by stocks and Purchased paper d F is e t d r e ic r t a l a r n e d s e d rv at e e i m T n lo a v o e n a e t n n d a s t s l t s - Total s b c t a o u o S b n n r c e y d e - d k d s s o A th ll er Total b o r Y N u o T t o e k s o r w e i b k d r o s e nd to o s c m T t u h s o e e - r r s F la a r n r e m d al es e t O a r s e t t t e h a a e t i e r s O e c u w a c u n t u n h i r s s e r d e e e e d r - d - Total i p n A S a a c U n t y c a c a n e t e b e i p t s s l t e e - d c e f o t a c o B b u . r l , i n e e l p i t l g r s i a i n , n y es - m p C e a o r p c m e ia r - l b L Y r N o o o i t e k n a o r w e k n r * s s Total G s m U e o t c i v . e e u S e n s r . r t i n - - s O e t c i t e h u s e ri r - City* St. Louis: 1929—Oct. 4.- 1,375 31 (2) (*> 926 33 281 28 103 481 27 2 1 14 9 391 129 263 1930— D M ec a . r . 3 27 1 . .- - 1 1 , , 3 3 3 1 7 5 2 2 6 3 (\o (2) 13 8 8 8 3 3 1 3 2 5 7 2 2 8 5 3 1 2 2 7 7 1 9 0 9 3 4 4 3 2 9 3 4 7 7 6 2 4 1 1 3 5 0 0 2 1 2 4 3 38 8 6 1 1 1 1 1 5 4 2 2 6 7 6 2 June 30... 1,289 33 9 24 810 32 245 26 100 407 66 1 44 21 378 102 276 Sept. 24... 1,289 38 10 28 796 28 237 26 102 403 65 1 48 17 389 106 283 Dec. 31. „ 1,153 28 10 19 708 22 213 21 95 357 51 3 31 16 366 94 272 1931—Mar. 25.- 1,148 22 6 16 676 16 206 21 90 344 43 8 1 29 5 406 121 284 June 30- — 1,137 18 5 13 654 15 200 23 90 327 30 1 1 26 2 435 142 292 Sept. 29-- 1,109 24 6 18 637 15 189 23 88 322 22 1 20 1 426 153 273 Dec. 31-- 1,031 28 8 20 585 9 174 20 81 301 10 1 8 1 407 1«'»9 249 Minneapolis: 1929—Oct. 4... 957 7 (2) (2) 542 11 113 30 21 366 49 1 18 30 360 142 218 Dec. 31... 912 7 (2) (2) 515 9 115 28 21 341 41 1 24 17 348 135 213 1930—Mar. 27... 896 6 5 483 8 107 28 21 319 59 2 30 27 348 131 217 June 30— 870 8 1 7 475 9 111 26 21 308 32 21 11 354 134 220 Sept. 24.. 872 7 1 6 475 7 113 25 20 310 30 23 7 358 131 227 Dec. 31.. 851 7 1 6 461 6 114 24 20 297 26 21 4 357 122 234 1931—Mar. 25. _ 854 6 1 5 463 5 98 23 21 316 22 1 18 4 362 120 241 June 30.. 840 9 2 7 444 I 4 96 22 20 301 27 2 18 7 361 119 242 Sept. 29.. 821 9 1 7 431 5 95 22 20 290 17 14 2 365 122 243 Dec. 31.- 789 9 1 8 422 4 97 21 23 277 7 2 349 112 237 Kansas City: 9 1929—Oct. 4._ 1,247 19 (2) (2X 748 ; 12 144 21 23 548 55 ! 26 28 424 198 226 Dec. 31-. 1,212 23 (2) (2) 735 8 150 22 22 533 46 i 27 17 408 181 227 1930— J M un a e r . 3 2 0 7 . .. 1 1 , , 1 1 6 5 5 1 2 2 2 8 4 3 2 1 4 9 6 6 8 8 1 3 9 9 1 1 2 3 9 0 2 2 2 1 2 2 1 2 5 5 0 0 0 1 6 4 4 1 2 2 3 9 3 2 1 9 1 3 4 9 0 6 2 1 1 7 7 4 3 2 2 2 2 2 9 Sept. 24.. 1,160 22 4 18 658 8 126 21 22 481 60 1 33 26 419 173 246 Dec. 31.- 1,147 23 5 19 667 7 130 22 23 485 26 1 I 22 3 430 173 258 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1931—Mar. 25... 1,104 21 4 17 626 6 124 22 23 451 25 1 21 4 432 169 263 June 30 1,102 23 4 19 605 7 120 22 23 431 26 4 18 3 449 186 263 Sept 29 1,064 20 4 16 579 8 113 23 22 413 15 14 1 450 200 251 Dec 31*"" 1,016 22 5 17 543 5 109 24 22 383 9 7 1 442 205 238 Dallas: 1929—Oct. 4-_. 987 8 (2) (2) 673 3 118 17 24 510 68 13 1 10 44 238 153 85 Dec. 31... 936 5 (2) (2) 651 2 127 17 23 482 58 20 1 16 20 222 132 90 1930—Mar. 27. ._ 907 7 1 0 613 6 106 18 21 462 70 15 1 13 41 219 137 82 June 30. __ 870 12 1 11 615 6 111 18 22 458 26 4 1 8 13 217 127 90 Sept. 24... 868 10 1 9 617 6 108 18 23 462 23 2 1 10 10 218 129 89 Dec. 31... 822 8 2 6 575 4 115 17 24 416 17 4 1 10 2 221 118 104 1931—Mar. 25... 826 g 1 7 558 3 110 19 25 401 13 4 6 2 247 145 102 June 30.._ 803 9 2 7 545 3 107 20 27 389 7 1 1 5 1 243 130 113 Sept. 29. .. 776 10 2 9 513 2 100 19 25 367 9 3 1 4 2 244 132 113 Dec. 31... 724 7 1 6 467 3 96 19 25 325 5 1 1 3 1 244 132 112 San Francisco: 1929—Oct. 4... 3,133 12 (2) (2) 2,078 108 442 112 503 914 101 5 17 19 61 941 513 427 tel Dec. 31__. 3,192 13 (2) (2) 2,162 84 480 110 537 950 65 6 13 26 20 953 495 458 1930—Mar. 27... 3,127 12 8 2,000 60 445 108 531 857 135 14 13 39 69 979 522 457 w June 30... 3,109 10 4 6 2,014 86 439 107 525 857 84 15 9 42 18 1,000 508 492 Sept. 24... 3,116 7 3 4 1,956 71 432 108 524 821 159 20 9 42 88 991 494 497 Dec. 31... 3,246 8 4 4 2,135 59 472 115 607 882 75 15 7 37 16 1,028 467 561 1931—Mar. 25. __ 3,266 8 4 4 2,009 49 404 116 607 832 92 42 9 27 14 1,157 565 592 June 30. __ 3,182 8 4 5 1,981 41 389 118 618 815 64 28 7 21 9 1,128 536 592 Sept. 29. ._ 3,077 12 6 6 1,905 27 385 114 603 778 56 28 6 16 6 1,104 520 584 3 Dec. 31... 3,005 14 5 9 1,852 21 352 113 598 768 32 13 5 8 5 1,107 547 560 W * Includes loans to dealers in securities. 2 Not available. Back figures.—See Annual Report for 1929 (Table 93). S i B t CO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
174 ANNUAL REPORT OP THE FEDERAL RESERVE BOARD CONDITION OF ALL MEMBER BANKS, BY STATES No. 105.*—ALL MEMBER BANKS—TOTAL LOANS AND INVESTMENTS, BY STATES 1929-1931 [In millions of dollars] 1929 1930 1931 State Oct. 4 Dec. 31 Mar. 27 June 30 Sept. 24 Dec. 31 Mar. 25 June 30 Sept. 29 Dec. 31 United States ...35, 913. 8 35,934. 0 35,055. 7 35, 655. 735,472. 334, 859. 534, 728.633, 922. 533, 073. 230, 575.1 New England: Maine 149.1 144.7 143.9 147.2 149.0 144. 144. 136.8 134.4 127.5 New Hampshire. 76.3 72.6 73.0 76.7 75.3 72.8 72.6 73.0 73.5 70.7 Vermont 72.0 70. 69. l| 67.9 67.3 65.5 64.7 64.0 62.5 Massachusetts.. 1, 747. 0 1,691.1 1,703.0! 1,714.8 1, 708. 8 1, 656. 5 1, 655. 2 1, 606. 9 1, 587. 5 1, 387. 3 Rhode Island ... 328.~ 328.0 325. 2 330.1 335.5 329.3 323.7 331.9 333.7 307.4 Connecticut 315. 305.5 305. 9 304. 8 296.3 288.6 287.4 289.7 286.0 274.1 Middle Atlantic: New York 10,444. 611,004.6 101,,449944..8 11t, 075. 210,832.110, 785. 210, 663. 010, 433.310, 325. 2 9, 427. 5 New Jersey 1, 533. 2 1, 524. 8 1, 501. 5 1, 526. 2 1,471.8 1,452. 4 1,431. 7 1, 445. 8 1,409. 1,356. 9 3, 778. 7 3, 705.1 3, 708. 2 \ 799.8 3,868.1 3,811.1 3,935.1 3,860. 8 3, 735. 5 3, 401. 5 Pennsylvania.. East North Central: Ohio - 1,98 1,958. 0 1, 946. 2 1,919. 6 1,929. 6 1,872. 0 1,849.1 1, 833. 9 1, 749. 2 1, 567. 6 Indiana 436.4 436.2 4L4.3 416.5 408.4 396.2 382.2 362.2 347.6 333.1 Illinois 2, 664. 2 2, 574. 6 2, 499. 7 2, 623. 9 2, 680. 6 2, 562. 6 2, 537. 3 2, 344. 8 2, 207. 9 2, 029. 5 Michigan 1, 534. 3 1, 459. 8 1,447. 5 1,432.1 1,416.1 1,380. 0 1,385. 9 1,314.9 1, 244. 7 1,139. 5 Wisconsin. 489.0 480.3 491.4 485.3 479.8 485.5 492.5 482. 464.4 438.0 West North Central: Minnesota 572.4 535.4 524.2 508.4 516.1 507.3 513.9 506.8 499.8 485.3 Iowa 368. 350.4 347.7 332.6 329. 305.8 306.1 300.4 285.1 233.8 Missouri 870.2 855.9 848.9 830.9 842.4 838.9 822.9 818.6 799.8 757.8 North Dakota-. 73.0 71.4 70.3 67.4 66.7 64.5 63.5 61.8 59.0 54.9 South Dakota- 70.9 68.8 67.8 68.3 67.3 63.1 62.7 63.7 58.8 54.8 Nebraska 194.1 189. 195.1 194.9 195.0 192.1 193.0 189.4 173.6 161.8 Kansas 209.0 202.6 188.1 186.3 184.9 180.8 169.6 173.1 171.8 168.3 South Atlantic: Delaware 83.8 80.2 78.4 78.7 82.5 81.8 80.7 81.4 80.7 80.9 Maryland 321.1 321.7 299.4 307.4 305.9 294.9 291.1 306.2 296.5 278.3 District of Columbia 133.9 126.5 127.8 125.3 130.8 133. 3 133. 2 132.6 139.4 134.5 Virginia 390.1 391.1 379.0 376.4 376.4 359.1 353.3 346.6 345.0 326.7 West Virginia-. 201.5 202.0 199.0 195.8 193.2 191.5 183. 183.1 178.5 158.6 North Carolina. 183.0 174.2 173.3! 162.0 161.2 140.3 150.4 141.7 147.2 125.7 South Carolina- 104.2 97.2 78.3| 71.5 71.5 68. 65.6 62.8 62.0 56.7 Georgia 259.1 244. 246.5 245.5 251.0 228.1 231.9 224.0 235.2 210.3 Florida 163.9 164.4 181.3 149.9 143.6 135.3 142.3 136.9 131.9 132.1 East South Central: Kentucky 340.4 328.0 314.0 309.1 303.4 246.2 251.5 247.0 238.1 226.9 Tennessee 296.8 285.3 283. 81 279.2 279.8 252. 239.8 241.5 239. 235.8 Alabama 221.0 211. li 201.8 200.0 198.2 192.3 180.7 182.9 181.1 171.8 Mississippi 80.1 76.7 78.4 77.3 75.2 62.4 51.7 52.3 52.7 45.7 West South Central: Arkansas 132.9 125.4 120.6 120.0 116.6 88.4 84.8 89.1 71.9 Louisiana 287.5 283. 3 259.3 250.6 247.4 240. 242.5 239.2 237.5 229.0 Oklahoma 336. 330. 9; 306. 311.3 304.6 299.5 283.3 270.2 258.2 240.8 Texas 911.2 836.2 798.1 799.7 758.3 768.1 739.3 714.0 659.6 Mountain: Montana 114. 7 112. 108.6 103.9 102.8 99.6 95.1 94.7 91. Idaho 52.9 53. 8| 49.5 48.9 48.0 47.6 44.1 43. 40. 38.1 Wyoming 33. 34. 0i 33.0 32.1 31.4 30.9 31.5 31.9 31.8 30.3 Colorado 227.2 218. 51 214. 200.9 220.5 213. 5J 208.6 206.1 204.7 194.4 New Mexico 30.1 30.41 31.0 29.7 28.2 26.41 26.2 26.4 24. 23.6 Arizona 41.4 42.4! 40.5 39.4 36.2 37.9! 32.6 32.1 29.9 29.9 Utah 85.7 85.7 85.9 85.1 83.9 81.2 79.1 78.9 74.3 71.9 Nevada 17. 17.5 16.8 16.9 16.9 16.7 16.0 16.3 17.1 17.1 Pacific: Washington 324.4 316.9 314.9 302.1 298.1 300.1 301.0 289.3 264.6 Oregon 215.2 213.8 207.1 204. 8 203. 0 195.2 191.1 187.6 186.2 174.5 California 2,407.4 2,474. 2 2,424. 3 2,418.0 2,436.7 2, 582. 2,612.4 2,532. 5 2,449.4 2,418.9 Back figures.—See annual reports for 1930 (Table 100), 1928 (Table 98), and 1927 (Table 91). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL. MEMBER BANKS, BY STATES 175 No. 106.-—ALL MEMBER BANKS—TOTAL LOANS BY STATES, 1929-1931 [In millions of dollars] 1929 1930 1931 State Oct. 4 Dec. 31Mar. 27 June 30 Sept. 24 Dec. 31 Mar. 25 June 30 Sept. 29 Dec. 31 United States... 26,164.8 26,150.1 25,118.8 25, 213.8 24,738.0 23,870. 5 22,839.9 21,816. 220,874.1 19, 260.7 New England: Maine 83.0 78.5 77.7 79.6 80.0 77.6 76.8 74.2 71.5 67.5 New Hampshire 48.4 45.8 45.4 47.6 46.4 44.4 43.2 43.8 42.1 39.7 Vermont 43.4 42.3 40.7 40.2 38.9 37. 36.7 36.5 35.1 33.7 Massachusetts.. 1, 325. 71, 327.6 1, 292. 3 1, 266.4 1,250.7 1, 212.4 1,161.4 1,068.6 1,040.1 912.5 Rhode Island 211.1 212.7 208.2 203. 2 200.0 192.2 185.7 186.1 182.8 174.5 Connecticut 244.1 237.6 235. 230. 5 224.0 216.7 210.9 209.2 201.4 191.9 Middle Atlantic: New York 7, 912.9 8, 202. 2 7, 691. 78,079.1 7, 797. 7 7, 525.9 7,176.8 6,801.4 6,468. 5 5,948.1 New Jersey 1,050.9 1, 048. 21, 003.4 986. 6 940.1 918.5 887.2 883.8 839.8 803.5 Pennsylvania.. 2,448. 2 2,421. 2, 374.6 2, 362.3 2, 328.8 2, 277. 5 2,199. 5 2,123. 6 2,056. 5 1,900.1 East North Central: Ohio 1, 506. 21,492. 2 1,488. 3 1,460.9 1,452. 5 1,416. 5 1,373.0 1, 339. 71, 263.6 1,119. 5 Indiana 301.5 306.0 288.9 289.1 275.1 266.2 251.0 232.3 216.5 204.2 Illinois 2, 061.1 1,976.0 1, 899. 51,971.9 1,983. 6 1, 763.1 1, 656. 1, 532.1 1,445. 6 1,319.6 Michigan 1,139.9 1,101.0 1,068. 3 1,051. 6 1,016. 7 1,010. 3 987.9 919.8 876.5 825.2 Wisconsin. 356.7 351. 2 353.3 343.8 338.2 335.8 327.7 313.6 307.1 292.0 West North Central: Minnesota 374.5 347.0 336.0 310.4 318.6 307.8 311.6 302.0 291.6 288.4 Iowa 254.4 243.2 240.0 227.0 220.3 203. 203.0 195.5 185.3 141.9 Missouri 616.9 607.1 598.0 572.3 567.3 556.5 509.6 477.8 456.6 426.1 North Dakota- 45.5 44.7 44.1 42.8 41.9 39.8 39.0 37.8 35.0 32.1 South Dakota.. 42.6 40. 40.2 41.0 39.7 37.7 36.3 36.8 32.4j 28.9 Nebraska 139.0 136.5 137.7 132. 5 130.3 127.7 125.0 120.3 113.6 101.1 Kansas 136.2 135.7 126.1 127.0 123.6 117.7 106.3 105.5 99.2 96.8 South Atlantic: Delaware 67.1 64.4 62.5 61.7 63.3 63.2 60.0 57.3 55.3 54.6 Maryland 222.9 223.6 205.6 196.9 192.5 186. 180.3 173.0 169.6 150.4 Dist. of Columbia 99.0 91.8 91.5 88.7 89.4 84.1 81.3 81.4 76.9 Virginia 312. 5 314.6 303.0 294. 294.9 284.8 273.6 267.9 260.8j 242.5 West Virginia... 156.4 158.0 153.7 148.4 145. 146.6 138.0 134.5 131. 5 116.2 North Carolina. 147.8 141.5 139.3 131.0 131.5 111.8 114.7 108.3 108.8 91.2 South Carolina- 76.5 71.2 60.2 53.5 52.3 48.8 45.4 43.9 42.4! 38.2 Georgia 215.9 197.6 197.4 192.1 183.8 178.0 168.0 156.9 156. 6j 142.9 Florida- 90.8 90.8 101.8 70.8 65.2 59.3 55.4 48.2 45.7 45.0 East South Central: Kentucky 258.0 256.3 240. 236.1 231.4 189.0 188.4 182.3 175.0 166.9 Tennessee 249. 240.6 238.3 232.0 233.4 207.0 193.5 188.5 189. II 182.6 Alabama 173.5 166.8 159.0 155.9 152.7 146.7 133.5 131. 126.81 118.2 Mississippi 60.5 54.9 57.7 57. 57.1 45.6 36.1 36.5 35.6 29.5 West South Central: Arkansas 100.4 93.1 90.5 92.0 90.7 65.6 60.4 61.3 59.0 47. 6 Louisiana 231.5 228.7 208.7 199. 187.3 178.2 170.9 169. 7 163. 2 Oklahoma 213.5 206.4 191.0 199.0 196.2 187.7 174.0 166.1 156.4 138.8 Texas 657.8 636.5 602.3 601.4 559.8 540.4 518.9 491.5 439.0 Mountain: Montana. 67.2 63.3 55.8 51.5 47.3 48.4 44.7 41.0 Idaho 36.0 35.0 32.8 32.0 31.5 30.6 28.7 27.2 25.2 22.3 Wyoming 21.6 22.0 21.5 21.3 20.8 20.0 20.5 20.9 20.5 19.2 Colorado 146.6 140.6 134.0 122.8 127.0 118.2 115.3 105.9 101.6 95.6 New Mexico 18.7 18.7 19.5 17.7 17.1 15.7 15.3 15.6 14.1 13.1 Arizona 23.0 23.2 24. 22.4 20.7 19.0 17.7 15.5 14.3 12.8 Utah 64.0 64.8 64.2 61.8 58.7 55.8 51.2 50.0 47.2 42.6 Nevada 12.1 11.8 11.0 11.1 11.1 10.8 10.2 10.4 10.5 10.8 Pacific: Washington 215.7 205.4 198. 7 198. 6 186.5 181.6 169.1 167.2 161.7 149.3 Oregon 116.9 116.6 111.91 111.2 109.4 99. 90.3 86.0 80.0 70.9 California 1, 730. 3 1,788.1 l,709.2j 1,676.8 1,710.8 1,824.6 1,744.8 1, 701.0 1, 638.0 1,592.3 Back figures—See Annual Reports for 1930 (Table 101), 1928 (Table 99), and 1927 (Table 92). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
176 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 107.—ALL MEMBER BANKS—LOANS TO CUSTOMERS (EXCLUSIVE OF BANKS) 1929-1931 fin millions of dollars. For explanation see Table 104] 1929 1930 1931 State Oct. 4 Dec. 31 Mar. 271 June 301 Sept. 241 Dec. 31Mar. 25 I June 30 I Sept.291 Dec. 31 United States.._ 23,249 ! 23,19321,494 21,565 21,010 21,007 19,940 19, 257 18,713 1 17,570 New England: Maine- 79 76 75 77 78 76 76 73 70 I New Hampshire.] 46 44 43 46 44 43 42 42 40 I 39 Vermont _. 42 42 40 40 38 38 36 36 35 34 Massachusetts- _ 1,173 1,144 1,069 1,070 1,021 1,010 958 915 922 819 Rhode Island. _- 208 200 192 191 187 187 180 180 178 172 Connecticut 235 230 224 223 218 212 205 202 195 187 Middle Atlantic: New York 6,294 6.402 5,725 5,727 5,643 5,335 5,124 5,068 4,854 New Jersey 984 977 922 933 891 885 858 855 819 788 Pennsylvania. __ 2,295 2,287 2,217 2,236 2,150 2,148 2,079 2,009 1,943 1,819 East North Central: Ohio 1,397 1,421 1,366 1,367 1,348 1,361 1,325 1,303 1,234 1,088 Indiana 287 294 274 273 260 256 239 222 207 194 Illinois 1,876 1,825 1, 612 1,707 1,613 1,588 1,422 1,332 1,290 1,200 Michigan 1,107 1,069 1,027 1,024 999 992 957 907 861 808 Wisconsin 335 321 325 321 319 309 301 296 279 West North Central: Minnesota 354 328 301 291 298 290 296 277 273 275 Iowa 230 227 220 211 194 193 192 182 173 133 Missouri 569 539 501 477 471 475 445 426 418 392 North Dakota.. 42 41 40 41 40 37 36 36 34 32 South Dakota... 37 37 37 38 37 36 35 35 31 28 Nebraska 121 121 117 113 109 114 111 107 101 93 Kansas 122 123 114 115 109 110 100 100 95 93 South Atlantic- Delaware-. 60 56 55 55 59 59 58 55 53 50 Maryland 204 209 186 185 181 180 174 145 District of Columbia 85 80 81 82 80 77 77 74 Virginia 288 294 276 273 267 264 256 251 244 232 West Virginia... 152 155 148 146 143 143 135 132 129 114 North Carolina . 141 135 327 125 125 107 109 104 105 88 South Carolina.. 72 67 56 50 50 46 43 42 41 37 Georgia _. 189 182 166 169 164 163 155 150 150 138 Florida 70 72 71 60 56 56 48 43 40 42 East South Central: Kentucky 249 248 232 228 223 182 181 176 169 161 Tennessee 237 231 220 216 216 196 186 181 179 175 Alabama 164 160 146 145 139 136 126 123 120 113 Mississippi 52 55 56 55 45 36 36 35 29 West South Central: Arkansas 93 84 84 56 57 55 45 Louisiana 217 217 196 187 180 176 170 160 154 Oklahoma 199 195 181 191 187 184 170 163 153 136 Texas 621 600 565 567 570 537 521 505 474 428 Mountain: Montana 51 50 48 49 46 43 42 44 Idaho.. _._ 31 32 30 30 29 29 28 27 22 Wyoming 21 20 21 21 20 19 20 20 19 Colorado 138 135 123 116 113 113 111 101 92 New Mexico 18 16 16 17 17 15 15 15 13 Arizona 19 20 20 21 20 19 17 15 13 Utah 60 56 58 56 53 50 48 42 Nevada 10 10 10 11 10 10 10 11 Pacific- Washington 187 176 183 175 171 161 159 155 145 Oregon 105 106 101 102 97 90 84 81 78 69 California 1,664 1,750 1,613 1,615 1,574 1,766 1,644 1,582 1,554 Back figures.—See Annual Report for 1930 (Table 102). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL MEMBER BANKS, BY STATES 177 No, 108,—ALL MEMBER BANKS—OPEN-MARKET LOANS, 1929-1931 [In millions of dollars. For explanation, see Table 104] 1929 State Oct. 4 United States ... 2,275 New England: Maine 4 r New Hampshire 2 j§p Vermont 1 Massachusetts _. H Rhode Island._. Connecticut Middle Atlantic: New York New Jersey Pennsylvania... East North Central: Ohio _. Indiana Illinois Michigan Wisconsin _ . West North Central: Minnesota Iowa Missouri North Dakota... South Dakota- Nebraska Kansas South Atlantic: Delaware Maryland District of Columbia Virginia West Virginia. _. North Carolina. South Carolina.. Georgia Florida _. East South Central: Kentuckv Tennessee Alabama Mississippi West South Central: Arkansas Louisiana Oklahoma Texas Mountain: Montana ,. .. Idaho Wyoming _ Colorado New Mexico Arizona Utah Nevada Pacific: Washington Oregon. California i—I O- OCOCOO ^ Dec. 31 2,242 65 94 84 9 113 24 13 15 19 27 4 6 11 11 7 15 10 12 3 1 4 21 18 3 3 5 2 5 4 13 64 18 5 1 7 1 4 2 2 20 11 59 ocot•- 161 13 7 1,473 69 53 41 5 59 8 10 13 10 47 3 3 6 9 8 12 6 12 1 4 2 13 16 2 4 5 2 6 4 10 53 17 3 2 4 OC OC .k4 1930 Mar. 27 3,097 1 16 10 30 ot ot June 30 3,113 202 16 11 1,760 76 99 101 7 225 26 28 30 13 77 3 3 15 8 7 17 11 16 4 9 3 27 28 5 13 5 2 4 4 8 65 15 3 1 10 3 ' 5 7 1 20 10 90 ot ot 1931 Sept. 24 Dec. 31 Mar. 25 June 30 Sept. 29 Dec. 31 3,262 2,233 2,454 2,103 1,563 901 2 1 1 1 1 1 2 1 2 2 2 1 171 205 178 186 136 102 46 12 13 5 5 6 4 2 7 6 3 5 6 6 3 2,154 1,983 1,553 1,686 1,518 1,140 704 51 48 31 26 24 14 9 67 143 65 70 62 43 17 75 86 25 24 21 6 3 9 8 4 2 2 2 1 209 324 115 189 126 86 29 15 7 4 7 4 2 1 14 14 11 14 7 5 2 14 15 12 11 19 11 6 9 19 4 5 7 5 1 69 73 58 47 38 25 14 1 2 2 2 1 3 2 1 1 1 1 13 16 6 8 8 6 1 7 11 4 3 2 1 1 6 4 4 2 2 2 4 7 8 1 2 1 1 1 7 6 3 4 4 4 1 9 16 9 8 9 9 3 1 1 1 2 2 2 3 2 1 1 2 2 1 2 1 1 1 17 14 10 10 1 2 1 8 7 2 6 4 3 1 4 4 2 5 3 2 1 4 2 1 1 1 4 7 5 2 3 2 2 1 2 1 1 1 1 2 1 2 2 2 1 1 5 6 1 1 1 25 22 16 12 7 9 5 10 9 8 5 4 3 2 2 2 1 1 1 5 12 4 3 2 1 1 1 2 1 2 1 2 1 13 10 9 7 7 6 2 8 12 9 5 4 2 1 58 133 54 78 52 48 28 Back figures.—See Annual Report for 1930 (Table 102). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
178 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 109.—ALL MEMBER BANKS—INVESTMENTS, BY STATES, 1929-1931 [In millions of dollars] 1929 1930 1931 State Oct. 4 Dec. 31 Mar. 27 June 30 Sept.24 Dec. 31 Mar. 25 June 30 Sept. 29 Dec. 31 United States... 9, 748.9 9,783.( ', 936. 9L0, 441. 9.0,734. 2 0,989.011,888.612,106. 3 12,199. 2 1, 314. 4 New England: Maine 66.1 66.3 66.2 67.6 67.1 67.3 62.6 62.9 60.0 Ne wHampshire. 27.9 26.8 27. 29.1 28.4! 29.4 29.2 31.3 31.0 Vermont 28.6 28.1 28.4 28.1 29.0 29.5 28.8 28.1 28.9 28.8 Massachusetts.. 421.3 363.5 410.6 448.4 458.1 444. 0 493. 538.4 547.4 474.8 Rhode Island... 117.5 115.3 117.0 126.9 135.6 137.1 138.0 145. 150.9 132.9 Connecticut 71.1 67. 70.0 74.3 72.3 71.9 76.5 80.51 84.7 82.2 Middle Atlantic: New York 2, 531. 7 2,802. 4 2,803. 2 2, 996. 13, 034. 43,259.3 3,486.2 3, 631. 9 3,856. 7 3,479. 4 New Jersey 482.3 476.6 498.1 539.7 531.7 533. 9; 544. 5 561.9 569. 6 553. 4 Pennsylvania-.. 1,330. 5 1, 283.2 1,333. 5 1,437. 5 1,539. 2 1,533.6 1,735.6 1, 737.1 1, 679. 01, 501. 4 East North Central: Ohio 483.1 465.9 457.9 458.7 477.2 455.5 476.1 494.2 485.5 448.1 Indiana 134. 130.2 125.3 127 A 133.3 130.0 131.1 129.8 131.1 128.9 Illinois 603.1 600.1 652.1 697.0 799.5 880.4 812.7 762.3 709.9 Michigan 394.5 358.7 379.2 380.5 399. 3 369.7 398.0 395.1 368.2 314.3 Wisconsin 132.2 128. 138.1 141.5 141. 149.7 164. 168.6 157.4 146.1 WestNorthCentral: Minnesota 197. 188.4 188.3 197. 197.5 199.5 202.3 204. 7 208.1 196.9 Iowa. 114.2 107.3 107.8 105.5 109. 5 101. 103.1 104. 99.8 91.9 Missouri 253.3 248. 250. 9 258.6 275.1 282.4 313. 3 340.8 343.2 331.6 North Dakota.. 27.5 26. 26.2 24.6 24.8 24.7 24.5 23.9 23.9 22.7 South Dakota... 28.3 27.9 27.5 27.3 27.6 25.4 26.4 26.9 26.5 25.9 Nebraska 55.2 53.4 57.4 62.4 64.7 64.4 68.0 69.1 60.0 60.7 Kansas _. 72.8 66. 62.0 59.3 61.3 63.1 67.6 72. 71.5 South Atlantic: Delaware 16.6 15.8 15.' 17.0 19.2 18.6 20. 24.1 25.4 26.3 Maryland 98.2 98.1 110.5 113.4 108.2 110.8 133.2 126.9 127.9 District of Columbia 34. 34.7 36.3 36.6 42.1 43.9 49.2 51.3 58.0 57.6 Virginia 77.6 76.6 76.0 81. 81.5 74.3 79. 78. 84. 84.2 West Virginia- 45.1 44.0 45.2 47.3 47.4 44.9 45.9 48.7 47.0 42.3 North Carolina- 35.2 32.7 34.0 31.0 29.6 28.4 35. 33.4 38.4 34.6 South Carolina _ 27.8 26.4 18.1 18.1 19.1 19.7 20. 19.0 19.6 18.5 Georgia. __ 43.2 47.1 49.1 53.4 67.3 50.1 63.9 67.1 78.6 67.4 Florida. __ 73.1 73.6 79.4 79.1 78.4 76.0 86.8 88.6 86.2 87.2 East South Central: Kentucky 82.4 71.7 73.1 73.0 72.0 57.2 63.0 64.7 63.1 60.0 Tennessee _- 46.9 44.6 45.6 47. 46.4 45.8 46.4 53.0 50. 53.2 Alabama.. 47. 44.3 42.8 44.1 45.5 45.6 47.1 51.0 54.3 53.6 Mississippi 19.6 21.8 20.7 19.5 18.2 16.8 15.6 15.8 17.1 16.2 West South Central: Arkansas 32.5 32. 30.1 28.0 25.9 22.8 24.4 27.8 25. 24.3 Louisiana 55.9 54.5 50.5 50.8 53.8 53.4 64.3 67.8 65.9 Oklahoma 123.2 124.6 115.6 112.3 108.4 111. 109.3 104.1 101. 102.0 Texas 219.3 202.8 199. 195.9 198.4 227.7 220.4 222.5 220.6 Mountain: Montana... 45.1 45. 45.3 44.2 47.1 48.1 47. 46.4 47.2 45.8 Idaho 16.9 18.8 16. 16.9 .16.6 17.0 15.5 16.5 15.5 15.8 Wyoming.._-.-. 12.0 12.0 11.5 10.8 10.6 10.9 11.0 11.0 11.2 11.1 Colorado 80.6 77.9 80.8 78.1 93.6 95.3 93.3 100.3 103.0 98.8 New Mexico 11.4 11.6 11.6 12.0 11.1 10.8 10.9 10.8 10.5 10.5 Arizona 18.4 19.2 15.7 17.0 15.5 18.8 14, 16.6 15.6 17.1 Utah 21. 20.9 21.7 23.3 25.2 25.4 27.8 28.9 27.1 29.3 Nevada 5.6 5.7 5.8 5.8 5.8 5.9 5.8 6.0 6.6 6.3 Pacific: Washington 108. 111.4 116.2 110.0 115.6 116.5 130.9 133.8 127.6 115.3 Oregon 98.3 97.2 95.2 93.6 93.6 95.7 100.7 101.6 106.2 103.6 California.. 677.1 715.2 741.2 725.9 758.2 867.5 831. 811.3 826.6 Back figures.—See Annual Reports for 1930 (Table 103), 1928 (Table 100), and 1927 (Table 93). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ALL MEMBER BANKS, BY STATES 179 No. 110.-—ALL MEMBER BANKS—BORROWINGS FROM FEDERAL RESERVE BANKS, BY STATES, 1931 [End of month figures. In thousands of dollars] 19311 State Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec, Maine 1,596 937 736 707 855 1,085 1,216 1,211 1,396 2,038 2,420 3,910 New Hampshire 1,066 1,261 2,909 1,047 1,276 1,343 744 777 771 1,641 1,962 2,623 Vermont 771 997 950 997 959 707 411 326 631 1,362 1,390 2,073 Massachusetts. 6,337 6,820 4,934 5,687 6,102 5,762 5,382 5,099 5,605 10, 78922,430 26, 218 Rhode Island.. 250 1,147 725 163 750 670 325 600 238 2,601 2,270 Connecticut 3,196 "§,"307 2,428 2,085 2,820 2,236 2,517 2,724 4,575 5,574 5,667 7, 537 New York 30, 381 27,405 12, 991 20,460 19, 60524,369 18, 67533,925 33,902 97,236 91,01218, 768 New Jersey 18,516 18,310 14,125 15,379 15,090 12, 613 16,125 18,196 22,921 44,471 49,698 46, 063 Pennsylvania. 28,550 24,334 17,289 21,345 22, 076 15,023 22,399 23,440 63, 749 110, 090 10>9,, 811:23, 659 Ohio 11,922 9,969 7,905 8,494 7,719 10,511 7,350 25, 305 23,756 74,558 69,834 65,769 Indiana 6,223 5,750 3,678 2, 260 2,322 2,306 2,682 2,926 3,246 6,833 4,477 6,075 Illinois 7,638 6,638 6,371 5,780 4,381 3,759 7,286 6,423 5,300 11,773 12,398 10,384 Michigan 10, 921 5,027 4,102 5, 587 4,653 3,491 5,105 7,479 6,704 49,874 49,559 54, 366 Wisconsin 3,729 2,506 1,190 1,319 1,394 1,282 999 1,006 2,443 11, 764 8,236 4,182 Minnesota 737 723 606 638 773 710 1,276 1,162 897 3,968 4,031 3,370 Iowa 2,000 1,364 1,598 1,405 1,468 1,111 1,873 3,305 3,265 7,517 7,389 5,972 Missouri 4,096 2,952 2,350 2,597 4,902 2,726 2,981 4,571 5,844 13,918 16,480 13,004 North Dakota. 839 902 746 802 896 783 811 553 443 521 539 652 South Dakota. 1, 1,424 1,426 1,410 1,349 1,373 1,522 1,255! 1,7271,820 1,564 Nebraska 4,422 3,936 3,301 3,467 3,542 2,480 2,262 2^720 3,920 13,526 11,915 9,150 Kansas 2,660 2,159 1,81r 1,753 1, 759 1,723 1,'" 2, 01r 2,238 4, 921 7,285 6,628 Delaware 778 268 383' 373 233 252 225 360 1,237 Maryland.. 1,262 1,450 853 824 933 849 742 1,758 6,799 9,628 9,014 3,212 District of Columbia 629 512 200 100 1,335 3,483 4,754 3,683 Virginia 7,000 6,432 5,019 4,609 4,720 4,506 5,008 5,787 5,983 10, 702 10,333 11,556 West Virginia.. 5,426 4,086 3,875 2, 345 4, 080 2,924 3,619 4,109 5,430 7,420 6,949 6,731 North Carolina 5,174 4,414 5,695 5,190 8,221 6, 014 6,500 5,896 6,883 9,775 8,650 7,438 South Carolina. 643 1,24 508 1,067 1,61 1,214 1,953 1,450 1,350 7,146 6,535 4, 856 Georgia 4,603 3,145 2,751 2,362 2, 975 3,292 3,581 3,748 4,003 8,080 10, 375 4,420 Florida l,57i 990 571 449 602 514 653 570 675 1,692 2,281 1,028 Kentucky 1,923 2,862 2,157 2,799 1, 714 2,140 4,663 4,009 4,156 7,378 10,019 2,773 Tennessee 5,884 4,229 2,303 1,707 1,732 1,67" 2,625 5,489 8,855 9,599 10,558 9, 589 Alabama 4,71 5,279 3,587 3,683 4,872 4,601 5,329 6,351 7,066 9,414 10,463 5,583 Mississippi 3,15c 1,989 1,331 1,149 1, 301 1,278 1,716 1,705 1,995 2,383 1,756 1,611 Arkansas 2,486 1,656 1,109 1, 1, 042| 1,112 1,440 2,156 3,155 4,996 3,587 1,395 Louisiana 8,694 3,490 1,984 1,511 2, 234 1,130 4,964 7. 26f 8,851 19,983 21, 222 12,524 Oklahoma - 7,468 3,346 2,169 2,194 6,025 2,836 4,595 4,994 3,839 5,713 4,535 4,678 Texas _. 5,58, 6,76' 6,444 7,250 8,310 8,743 11,455 12,830 11,199 21,542 17,207 7,675 Montana _. 483 55C 564 571 693 830 831 878 840 963 945 879 Idaho 306 325 329 359 463 579 707 685 654 809 740 509 Wyoming 474 543 574 642 504 723 l,02S 1,112 867 487 652 Colorado 1,568 1,493 1,216 847 1,134 1,220 1,826 2,15£ 1,947 3,860 1,284 1,353 New Mexico... 323 387 448 387 375 511 581 864 1,197 91«r 571 Arizona 78 20 46 4! 229 206 154 203 Utah 651 68C 71 732 620 1,488 2,08c 2,719 1,54: 715 Nevada 15 218 301 Washington 95! 501 477 521 626 2,20: 1,182 6,82' 5,479 4,491 Oregon 1, 52S 2,24C 1,771 1,774 1,471 1,46: 1,529 1,34, 1,264 1,486 1,19? 1,926 California 10, 86C 10,895 10,914 8,801 13, 070 3,195 22,840 30, 20: 43, 454 94, 74 85,12S 22,723 i Figures given include borrowings by Federal intermediate credit banks as follows: Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Minnesota 115 1,862 1,861 Missouri 77 Nebraska 121 58 654 877 854 Kansas 850 850 1,667 South Carolina 2,777 2,777 2, 648 Louisiana 1,570 1,570 1,524 Texas .. Washington 1,159 1,645 1,614 California 371 1,948 1,739 876 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
180 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 111.-—NUMBER OF MEMBER BANKS DISCOUNTING PAPER AT FEDERAL RESERVE BANKS, BY STATES, 1924-1931 State 1924 1925 1926 1927 1928 1929 1930 1931 New England: Maine.- 42 37 33 31 29 32 31 33 New Hampshire 42 39 39 36 37 40 42 42 Vermont 36 28 30 28 22 43 32 32 Massachusetts 148 146 135 126 133 142 128 134 Rhode Island 13 14 12 6 11 11 8 10 Connecticut 45 41 46 44 43 51 50 54 Middle Atlantic: New York 436 438 429 418 437 455 459 526 New Jersey 221 235 247 261 264 264 282 406 Pennsy 1 vania 592 509 613 596 610 673 671 667 East North Central: Ohio 281 276 251 241 262 252 247 Indiana 169 149 141 135 131 143 130 122 Illinois 342 311 321 286 267 311 287 308 Michigan 177 161 174 182 166 183 139 193 Wisconsin 95 73 68 71 78 85 83 West North Central: Minnesota _. 139 91 85 80 78 67 Iowa 303 265 230 190 153 131 162 147 Missouri.. 123 110 108 124 116 121 123 117 North Dakota _. 106 52 53 66 61 59 47 39 South Dakota 95 52 59 52 36 40 49 63 Nebraska 133 108 112 109 97 102 101 101 Kansas 118 74 95 87 105 108 120 117 South Atlantic: Delaware 15 15 14 16 16 13 14 17 Maryland 58 54 54 53 50 55 46 51 District of Columbia. 11 9 10 9 9 8 8 9 Virginia 155 146 143 124 132 139 125 126 West Virginia. 92 82 83 74 77 81 78 96 North C arolina 80 78 75 72 78 61 61 53 South Carolina 78 69 74 59 48 49 35 27 Greorgia 156 131 121 104 108 115 96 94 Florida 42 17 41 35 36 49 35 31 East South Central: Kentucky 72 71 Tennessee 62 73 Alabama 103 Mississippi 33 West South Central: Arkansas 88 77 74 59 55 50 61 53 Louisiana 41 35 28 29 30 30 27 24 Oklahoma 237 146 167 100 102 113 127 117 Texas --.. 415 309 417 290 267 346 345 Mountain: Montana 102 41 Idaho.__ — 66 29 Wyoming 27 17 Colorado— 76 66 New Mexico.., 27 16 Arizona — 19 7 Utah 34 32 Nevada 1 4 Pacific: Washington 87 82 78 73 76 Oregon 61 60 57 56 52 California 159 138 134 111 Total 6,060 5,183 5,343 4,718 5,113 4,991 5,260 Back figures—See Annual Reports for 1930 (Table 105), 1922 (Table 49), 1919 (Table 30), 1918 (Table 23), and 1917 (p. 104). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 181 REPORTING MEMBER BANKS IN EACH DISTRICT No. 113.—REPORTING MEMBER BANKS—TOTAL LOANS AND INVESTMENTS, BY WEEKS, WITH MONTHLY AVERAGES OF WEEKLY FIGURES [In millions of dollars] Federal Reserve District B to o n s- P p d h h e il i l a a - - C l l a e n v d e - m Ri o c n h d - a A n t t - a c C a h g i- o Lo S u t i . sn M e o i l a n i p - s - K C s a i a n t s - y D l a a l s - F c S i r s a a c n n o - Jan. 7 1,404 9,175 1,306 2,205 625 582 3,338 645 363 657 437 1,948 Jan. 14 1,489 9,097 1,308 2,203 624 571 3,344 639 361 651 435 1,942 Jan. 21 1,480 9,091 1,308 2,201 624 568 3,326 636 361 644 434 1,931 Jan. 28 1,477 9,098 1,304 2, 205 622 562 3,330 634 354 641 435 1,934 Feb. 4 1,471 9,177 1,316 2,217 623 567 3,319 633 353 637 436 1,933 Feb. ll.__ 1,470 9,175 1,312 2,227 621 574 3,298 630 352 635 434 1,931 Feb. 18 1,470 9,169 1,307 2,218 615 572 3,307 631 350 633 435 1,943 Feb. 25 1,451 9,197 1,308 2,220 613 562 3,302 627 350 633 433 1,951 Mar. 4 1,460 9,173 1,316 2,231 614 565 3,262 630 349 631 432 1,958 Mar. 11 1,468 9,056 1, 335 2. 229 615 568 3,268 645 360 638 431 1,964 Mar. 18 1,493 9,316 1,372 2, 265 632 587 3,338 645 372 634 456 2,001 Mar. 25 1,484 9,269 1,392 2, 265 631 585 3,314 654 372 636 458 1,986 Apr. 1 1,486 9,204 1,393 2, 283 632 585 3,252 653 375 637 457 1,976 Apr. 8___. 1,498 9,095 1,396 2, 277 631 582 3,277 662 374 638 448 1,967 Apr. 15 1,505 9,136 1,422 2, 290 647 588 3,347 666 379 634 455 1,982 Apr. 22 1,489 9,121 1,405 2, 289 642 585 3,334 662 377 635 456 1,992 Apr. 29 1,487 9,059 1,390 2,273 639 578 3,351 658 381 637 454 1,989 May 6___ _... 1,476 9,024 1,380 2,255 641 576 3,319 663 365 636 447 1,986 May 13-_ 1,467 9,156 1,347 2,234 638 568 3,281 664 363 633 439 1,988 May 20___ 1, 465 9,133 1,349 2, 236 630 557 3,243 673 363 626 441 1,992 May 27 1,455 9,024 1,354 2, 238 630 549 3,268 671 365 634 428 1,982 June3_._ 1,444 9,009 1,349 2,241 623 552 3,263 648 367 635 424 1,981 June 10 1,447 8,964 1,350 2,239 626 550 3,227 648 365 635 422 1,979 June 17 1,461 8,807 1,380 2,258 641 570 3,237 648 368 638 431 1,986 June 24 1,446 8,835 1,362 2,252 642 564 3,183 642 369 640 435 1,973 July 1 1,453 9,056 1,364 2,237 628 567 3,148 641 373 640 435 1,944 July 8 1,456 8,999 1,353 2,228 637 563 3,218 636 372 636 434 1,955 Juiy 15 1,455 9,007 1,365 2,221 632 560 3,161 630 370 636 430 1,948 July 22 1,448 8,912 1,360 2,220 631 551 3,154 627 373 635 427 1,946 July 29 1,440 8,949 1,362 2,224 631 554 3,145 627 368 632 425 1,939 Aug. 5 1,436 8,961 1,367 2, 222 634 552 3,123 622 363 629 421 1,934 Aug. 12 1, 452 8,759 1,365 2,226 635 552 3,122 623 367 626 421 1,927 Aug. 19 1,442 8,751 1,361 2,212 629 548 3,101 622 369 626 417 1,923 Aug. 26 1,448 8,826 1,353 2,196 629 548 3,090 618 365 622 419 1,916 Sept. 2 1, 452 8,872 1,347 2,185 630 546 3,097 618 367 618 414 1,917 Sept. 9 1,451 8,845 1,349 2,183 630 543 3,092 617 368 617 412 1,909 Sept. 16 1,454 8,852 1,370 2,214 639 570 3,061 623 371 624 443 1,911 Sept. 23 1,433 8,954 1,348 2,196 637 571 2,996 623 366 617 437 1,894 Sept. 30 1,441 9,094 1,323 2,155 633 562 2,975 623 366 617 434 1,884 Oct. 7- .--- 1,429 8,805 1, 293 2,133 635 565 2,947 612 363 612 429 1,866 Oct. 14 1,401 8,694 1,278 2,106 636 563 2,944 614 361 608 427 1,869 Oct. 21 1,407 8,504 1,266 2,090 632 562 2,943 612 363 604 435 1,871 Oct. 28 1,411 8,475 1,260 2,083 630 560 2,930 611 360 601 435 1,865 Nov. 4. 1,401 8,454 1,262 2,072 627 559 2,913 612 358 599 435 1,855 Nov. 11 1,401 8,381 1,250 2,062 625 558 2,895 612 357 602 434 1,856 Nov. 18 1,389 8,398 1,232 2, 052 620 551 2,898 614 355 601 429 1,863 Nov. 25 1,378 8,357 1,224 2,035 617 54,9 2,882 614 354 602 431 1,865 Deo. 2 1,381 8,312 1,224 2,037 619 548 2,879 614 353 600 427 1,862 Dec. 9 1,363 8,196 1,217 2,030 615 543 2,854 613 353 598 423 1,859 Decll6._- 1,355 8,397 1,240 2,057 624 561 2,843 615 350 598 446 1,877 Decl23 -. 1,337 8,305 1,220 2,046 623 548 2,813 607 360 591 430 1,854 Dec. 30 1,291 8,268 1,205 2,017 603 543 2,796 593 358 594 420 1,844 Monthly averages: January _.. 1,485 9,115 1,306 2,204 624 571 3,335 639 360 648 435 1,939 February 1,466 9,180 1,311 2,220 618 569 3,306 630 351 634 434 1,939 March. 1,476 9,203 1,354 2,247 623 576 3,295 644 363 635 444 1,977 Appril I 1,493 9,123 1,401 2,282 638 583 3,312 660 377 636 454 1,981 May 1,466 9,084 1,357 2,241 635 563 3,278 668 3,64 632 439 1,987 June.. 1,449 8,904 1,360 2,248 633 559 3,228 647 367 637 428 1,980 July 1,450 8,985 1,361 2,226 632 559 3.165 632 371 635 430 1,946 August 1,444 8,824 1,362 2,214 631 550 3,109 621 366 626 419 1,925 September 1,446 8,923 1,347 2,187 633 558 3,044 621 367 619 428 1,903 October 1,412 8,619 1,274 2,103 633 562 2,941 612 362 606 431 1,868 November. 1,392 8,398 1,242 2,055 622 554 2,897 613 356 601 432 1,860 December 1,345 8,296 1,221 2,037 617 549 2, 837 608 355 596 429 1,859 Digitized for FBRacAkS fiEguRre s.—See Annual Reports for 1930 (Table 106), 1929 (Table 100), and Federal Reserve Bulletin for January, 1929. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
182 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 113.—REPORTING MEMBER BANKS—TOTAL LOANS, BY WEEKS, WITH MONTHLY AVERAGES OF WEEKLY FIGURES [In millions of dollars] Federal Reserve District B to o n s- Y N o e r w k Ph p d i h e l i l a - a - C l l a e n v d e- m Ri o c n h d - At- c C a h g i o - Lo S u t i . sn M o e i l a i n p s - - C K s i a a t n s y - D l a a l s - F c S i r s a a c n n o - 1931 Jan. 7.. 1,118 6,484 892 1,462 448 438 2,470 475 232 404 321 1,320 Jan. 14 1,107 6,401 1,449 447 429 2,470 469 230 399 318 1,313 Jan. 21 1,102 6,385 1,448 447 427 2,438 466 230 394 317 1,299 Jan. 28 1,096 6.357 1,439 443 423 2,432 462 225 392 317 1,299 Feb. 4. 1,089 6,338 1,440 439 424 2,419 455 224 387 318 1,277 Feb. 11 _.-. 1,074 6,331 853 1,439 437 421 2,403 453 223 385 316 1,270 Feb. 18 1,084 6,278 847 1,432 438 419 2,347 451 221 383 317 1,277 Feb. 25 1,067 6,287 844 1,431 435 418 2,337 447 220 381 316 1,281 Mar. 4 1,075 6,299 848 1,427 435 417 2,299 447 219 382 315 1,278 Mar. 11 1,083 6,183 856 1,429 434 419 2,317 459 231 387 313 1,266 Mar. IS 1,061 6,346 850 1,426 433 415 2,349 450 240 381 310 1,257 Mar. 25 1,059 6,342 1,424 431 412 2,324 452 239 382 312 1,247 Apr. 1 1,061 6,272 1,439 433 413 2,285 452 240 381 313 1,247 Apr. 8 1,058 6,129 848 1,432 429 410 2,292 451 240 377 309 1,237 Apr. 15 1,045 6,152 852 1,426 424 404 2,351 444 242 372 306 1,240 Apr. 22 1,025 6,126 830 1,406 425 403 2,327 442 241 371 305 1,238 Apr. 29 1,023 6,014 823 1,407 423 397 2,311 439 243 371 305 1,237 May 6- 1,009 6,016 820 1,399 424 393 2,284 441 232 371 302 1,231 May 13 995 6,098 819 1,388 423 389 2,245 435 231 367 300 1,235 May 20 993 6,062 825 1,386 423 386 2,267 433 230 365 298 1,237 May 27 993 5,944 826 1,390 421 382 2,298 428 231 369 301 1,230 June 3 984 5,896 819 1,388 419 384 2,290 421 230 368 301 1,230 June 10 5,850 820 1,389 420 382 2,252 420 229 368 298 1,227 June 17 5,793 825 1,385 420 381 2,256 421 232 369 297 1,223 June 24: 971 5,814 815 1,381 417 379 2,232 414 231 368 299 1,219 Julyl.. _ 987 5,979 817 1,376 413 386 2,208 414 234 369 299 1,209 July 8 994 5,929 812 1,375 410 382 2,221 409 234 365 298 1,207 July 15 .._. 989 5,934 822 1,377 407 382 2,223 406 232 364 298 1,201 July 22 977 5,869 815 1,376 407 375 2,215 404 231 362 296 1,200 July 29 972 5,833 817 1,380 407 378 2,212 404 231 358 294 1,200 Aug. 5 968 5,875 824 1,378 408 377 2,199 401 230 355 293 1,198 Aug. 12 981 5,720 816 1,377 407 378 2,189 402 230 353 292 1,197 Aug. 19 975 5,752 812 1,367 406 375 2,183 401 229 352 290 1,196 Aug. 2<3 - 981 5,778 806 1,360 405 377 2,171 399 225 351 294 1,188 Sept. 2 . 980 5,837 803 1,358 405 375 2,180 403 227 349 293 1,188 Sept. 9 980 5,780 808 1,358 403 375 2,175 402 228 348 293 1,183 Sept. 16 974 5,738 802 1,352 406 375 2,169 401 230 347 290 1,179 Sept. 23 954 5,792 795 1,358 405 381 2,112 402 226 342 290 1,171 Sept. 30...- 945 5,814 781 1,344 403 379 2,096 402 226 342 294 1,165 Oct. 7 944 5,547 784 1,332 396 380 2,072 397 225 339 291 1,151 Oct. 14 920 5,414 780 1,325 394 378 2,066 399 226 338 292 1,148 Oct. 21 929 5,282 772 1,317 392 376 2,070 397 228 339 297 1,142 Oct. 28 919 5,294 766 1,321 391 375 2,064 396 228 337 297 1,133 Nov. 4 916 5,285 769 1,317 387 375 2,071 396 229 337 298 1,130 Nov. 11 - 922 5,209 759 1,312 387 374 2,073 396 229 337 297 1,126 Nov. 18 914 5,258 749 1,304 383 372 2,076 398 229 338 293 1,128 Nov. 25 5,266 746 1,299 381 371 2,061 396 228 336 294 1,128 Dec. 2 5,215 744 1,302 382 371 2,060 394 227 334 290 1,123 Dec. 9 5,153 739 1,301 378 367 2,032 392 227 332 290 1,118 Dec. 16.. 5,180 732 1,297 380 366 2,011 391 224 331 285 1,116 Dec. 23 5,144 726 1,295 377 365 1,984 388 228 326 280 1,111 Dec. 30 862 5,212 728 1,283 369 361 1,972 376 225 326 275 1,115 Monthly averages: January 1,106 6,407 1,450 446 429 2,453 468 229 397 318 1,308 February. 1,079 6,309 851 1,435 437 421 2,376 451 222 384 316 1,276 March 1,069 6,292 850 1,426 433 416 2,322 452 232 383 313 1,262 April 1,042 6,139 840 1,422 427 405 2,313 446 241 374 308 1,240 May 6,030 822 1,391 423 388 2,274 434 231 368 300 1,233 June 5,838 820 1,386 419 381 2,258 419 230 368 299 1,225 July 5,909 817 1,377 409 381 2,216 407 232 363 297 1,203 August 976 5,781 815 1,370 406 377 2,186 401 228 353 292 1,195 September 967 5,792 798 1,354 404 377 2,146 402 227 346 292 1,177 October 928 5,384 776 1,324 393 377 2,068 397 227 338 294 1,144 November 913 5,255 756 1,308 385 373 2,070 397 229 337 295 1,128 December 894 5,181 734 1,296 377 2,012 388 226 330 284 1,117 Back figures.—See Annual Reports for 1930 (Table 107), 1929 (Table 101), and Federal Reserve Bulletin Digitized forf oFrR JAanSuEarRy, 1929. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORTING MEMBER BANKS IN EACH DISTRICT 183 No, 114.—BEPORTING MEMBER BANKS—LOANS ON SECURITIES, BY WEEKS, WITH MONTHLY AVERAGES OF WEEKLY FIGURES [In millions of dollars] Federal Reserve District Month B to o n s- Y N o e r w k P p h d h i e l i l a a - - C l l a e n v d e- m Ri o c n h d - l A a t nt - a c C a h g i o - Lo S u t i . s M n o e i l a n i p - s - K C s a i a n t s - y D l a a l s - F ci r s a c n o - 1931 Jan.7 446 3,623 471 703 171 139 1,203 203 78 107 94 414 Jan. 14 434 3,510 467 695 172 139 1,215 200 78 107 92 412 Jan. 21 434 3,454 463 696 '171 138 1,194 195 78 107 92 404 Jan. 28.... 431 3,419 459 696 171 136 1,195 191 78 108 92 403 Feb. 4 418 3,407 456 690 168 131 1,193 188 77 106 91 378 Feb. 11 419 3,441 453 689 167 132 1,183 187 77 106 91 374 Feb. 18 418 3,508 448 682 166 132 1,136 186 76 106 92 375 ¥eb. 25..._ 417 3,519 446 680 164 132 1,129 185 76 103 91 371 Mar. 4 414 3,539 444 678 164 131 1,093 181 59 103 91 359 Mar. 11 417 3, 472 444 678 165 135 1,123 188 63 109 91 352 Mar. 18 414 3,595 439 675 164 132 1,164 179 60 105 91 347 Mar. 25 409 3,623 434 674 162 133 1,141 177 59 103 90 344 Apr. 1 405 3,561 428 684 163 129 1,116 176 59 104 91 340 Apr. 8 408 3,447 428 677 165 129 1.121 177 60 103 91 340 Apr. 15 406 3,455 428 666 162 128 1,182 173 59 102 90 343 Apr. 22 _ 411 3,436 422 657 162 128 1,161 174 58 101 89 339 Apr. 29 412 3,374 420 657 161 120 1,145 173 59 102 90 339 May 6 405 3,414 419 652 160 116 1,112 176 58 103 88 333 May 13 398 3,481 411 647 160 115 1,076 171 57 101 89 340 May 20 393 3,390 417 651 161 116 1,095 172 57 101 88 340 May 27 390 3,331 422 644 160 116 1,107 170 57 101 92 338 June 3 389 3,281 420 646 160 117 1, 096 170 58 101 92 337 June 10 381 3,237 419 647 161 116 1,073 172 58 101 92 334 June 17 380 3,154 422 649 161 117 1,080 172 59 102 91 333 June 24 380 3,147 423 648 161 115 1,071 169 59 102 94 334 July 1 384 3,220 421 642 159 116 1,052 170 61 101 92 327 July 8 376 3,162 421 639 156 114 1,057 167 61 100 90 322 July 15..,. —. 381 3,113 425 645 156 114 1,062 166 61 101 92 317 July 22 374 3,069 425 642 158 113 1,057 165 61 100 91 315 July 29 371 3,040 427 643 155 114 1,065 164 61 100 90 314 Aug. 5_ 371 3.005 425 643 158 112 1,071 163 60 100 89 315 Aug. 12 372 2.990 420 642 159 113 1,059 163 62 99 90 310 Aug. 19 373 2,979 417 631 161 113 1,057 163 62 98 87 312 Aug. 26__ 378 3,010 417 629 159 115 1, 053 -162 60 98 90 306 Sept. 2 375 3.036 415 626 160 113 1,059 162 60 97 91 306 Sept. 9 370 2,994 421 623 159 114 1,048 162 60 97 89 305 Sept. 16 367 2.992 415 618 158 114 1,038 160 61 96 89 306 Sept. 23 359 2,981 407 616 157 115 1,012 161 58 92 . 85 318 Sept. 30 348 3,015 402 612 155 115 996 159 57 94 84 309 Oct. 7 339 2,800 403 601 147 115 987 156 56 92 82 303 Oct. 14 334 2, 732 398 598 147 115 986 158 57 90 82 304 Oct. 21- 345 2,629 399 596 147 116 982 157 57 91 85 302 Oct. 28 340 2,634 397 596 147 116 982 156 58 91 81 299 Nov. 4 337 2, 613 396 595 144 114 989 155 58 90 82 294 Nov. 11 336 2,597 391 590 145 114 992 155 58 91 86 293 Nov. 18 333 2,624 387 587 144 114 1,004 157 61 94 85 2G9 Nov. 25.- 332 2,581 381 586 146 115 998 156 62 93 83 2G8 Dec. 2 335 2,561 381 586 144 115 1,000 155 61 92 82 295 Dec. 9 341 2, 532 376 585 144 112 990 153 63 93 81 290 Dec. 16 338 2,534 375 584 144 115 975 155 59 92 79 290 Dec. 23..- 353 2,554 371 578 144 114 951 147 60 90 81 290 Dec. 30 — 342 2,615 376 578 140 112 947 145 60 89 81 292 Monthly averages: January 436 3,501 465 171 138 1,202 197 78 107 92 408 February 418 3,469 451 685 166 132 1,160 186 77 105 91 374 March 413 3,557 440 676 164 133 1,130 181 60 105 91 351 April 408 3,455 425 668 163 127 1,145 175 59 102 90 340 May 397 3,404 417 649 160 116 1,098 172 57 102 89 338 June 382 3,205 421 648 161 116 1,080 171 58 101 92 335 July 377 3,121 424 642 157 114 1,059 166 61 100 91 319 August. 373 2,996 420 636 159 113 1,060 163 61 99 89 311 September 364 3,004 412 619 158 114 1,031 161 59 95 88 309 October 340 2,699 399 598 147 115 984 157 57 91 83 302 November 335 2,604 389 590 145 114 996 156 60 92 84 296 December 342 2,559 376 582 143 114 973 151 61 91 81 292 Back figures.—Bee Annual Reports for 1930 (Table 108), 1929 (Table 102), and Federal Reserve Bulletins or March and January, 1929. Digitized for FRASE1R25 554—32 13 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
184 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 115.—REPORTING MEMBER BANKS-— " ALL OTHER" LOANS, BY WEEKS, WITH MONTHLY AVERAGES OF WEEKLY FIGURES [In millions of dollars] Federal Reserve District B t o o s n - Y N o e r w k P p d h h e i i l l a - a- C l l a e n v d e - m R o ic n h d - j 1 l a A nt t a - c C a h g i o - ! Min-K C s a i a n t s - y D li a aa l c - s F c S r i a s a c n n o - 1931 Jan.7 672 2,861 421 759 277 299 1,267 271 154 297 227 906 Jan.14 673 2,891 424 754 275 290 1,255 270 151 292 225 901 Jan.21 668 2,932 424 752 276 289 1,244 270 152 287 225 895 Jan. 28 665 2,938 409 743 272 287 1,237 271 147 284 225 896 Feb.4 671 2,931 402 750 271 293 1,226 267 147 281 227 899 Feb. 11-.. . 655 2,890 400 750 270 289 1,220 266 146 279 225 896 Feb. 1S._. 666 2,770 399 750 272 287 1,211 265 145 277 225 902 Feb. 25 650 2,768 398 751 271 286 1,208 262 144 278 225 910 Mar. 4 661 2,760 404 749 271 286 1,206 266 160 279 224 919 Mar. 11 666 2,711 412 751 269 284 1,194 271 168 278 222 914 Mar. 18 . 647 2,751 411 751 269 283 1,185 271 180 276 219 910 Mar. 26 650 2,719 412 750 269 279 1,183 275 180 279 222 903 Apr. 1— 056 2,711 418 755 270 284 1,169 276 181 277 222 907 Apr. 8_._. 650 2,682 420 755 264 281 1,171 274 180 274 218 897 Apr. 15-.. 639 2,697 424 760 262 276 1,169 271 183 270 216 897 Apr. 22 614 2,690 408 749 263 275 1,166 268 183 270 216 Apr. 29 611 2,640 403 750 262 277 1, 166 266 184 269 215 May 6... 604 2,602 747 264 277 1,172 265 174 268 214 898 May 13 _[___ 597 2,617 741 263 274 1,169 264 174 266 211 895 May 20 600 2, 672 408 735 262 270 1,172 261 173 264 210 897 May 27 603 2,613 404 746 261 266 1,191 258 174 268 209 892 June 3 595 2, 615 399 742 259 267 1,194 251 172 267 209 893 June 10— 605 2,613 401 742 259 266 1,179 248 171 267 206 893 June 17_-_ 600 2, 639 403 736 259 2C4 1,176 249 173 267 206 890 June 24 591 2,667 392 733 256 264 1,161 245 172 266 205 885 July 1... 603 2,759 396 734 254 270 1,156 244 173 268 207 882 July8_ 618 2,767 391 736 254 268 1,164 242 173 265 208 885 July 15. _ 608 2,821 397 732 251 268 1,161 240 171 263 206 884 July 22__ 603 2,800 390 734 249 262 1,158 239 170 262 205 885 July 29 601 2,793 390 737 252 264 1,147 240 170 258 204 886 Aug. 5 597 2,870 399 735 250 265 1,128 238 170 255 204 883 Aug. 12.. 609 2,730 396 735 248 265 1,130 239 168 254 202 887 Aug. 19 602 2,773 395 736 245 262 1,126 238 167 254 203 884 Aug. 25 603 2, 768 389 731 246 262 1,118 237 165 253 204 8S2 Sept. 2 605 2,801 388 732 245 262 1,121 241 167 252 202 882 Sept. 9... 610 2,786 387 735 244 261 1,127 240 168 251 204 878 Sept. 16 387 734 248 261 1,131 241 169 251 201 873 Sept. 23,_ 595 2,811 388 742 248 266 1,100 241 168 250 205 853 Sept. 30 597 2,799 379 732 248 264 1,100 243 169 248 210 856 Oct. 7... 605 2,747 381 731 249 265 1,085 241 169 247 209 848 Oct. 14 586 2,682 382 727 247 263 1,080 241 169 248 210 844 Oct. 21... 584 2, 653 373 721 245 260 1,088 240 171 248 212 840 Oct. 28 579 2,660 369 725 244 259 1,082 240 170 246 216 834 Nov. 4 579 2,672 373 722 243 261 1,082 241 171 247 216 Nov. 11 586 2, 612 368 722 242 260 1,081 241 171 246 211 Nov. 18 '__'_ 581 2,634 362 717 239 258 1,072 241 168 244 208 Nov. 25 567 2,685 365 713 235 256 1,063 240 166 243 211 830 Dec. 2—_ 573 2,654 363 716 238 256 1,060 239 166 242 208 828 Dec. 9... 567 2,621 363 716 234 255 1,042 239 164 239 209 828 Dec. 15— 561 2, 646 357 713 236 251 1,036 236 165 239 206 826 Dec. 23 541 2,590 355 717 234 251 1, 033 241 168 236 199 821 Dec. 30 520 2, 597 352 705 229 249 1,025 231 165 237 194 823 Monthly averages: January 670 2,906 419 752 275 291 1,251 271 151 290 226 900 February 661 2,840 400 750 271 289 1,216 265 145 279 225 902 March 656 2, 735 410 750 269 283 1,192 271 172 278 222 911 April 634 2,684 415 754 264 278 1,168 271 182 272 218 900 May 601 2,626 405 742 263 272 1,176 262 174 266 211 895 June 598 2, 633 399 738 258 265 1,178 248 172 267 207 890 July 607 2,788 393 735 252 266 1,157 241 171 263 206 August 603 2,785 395 734 247 264 1,126 238 167 254 203 September 603 2,788 386 735 246 263 1,115 241 168 251 204 868 October 588 2,685 377 726 246 262 1,084 240 170 247 211 November 578 2,651 367 718 240 259 1,074 241 169 245 211 832 December 552 2,622 358 714 234 252 1,039 237 165 239 203 825 Back figures—See Annual Reports for 1930 (Table 109) and 1929 (Table 103) and Federal Reserve Bulletins for March and January, 1929. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORTING MEMBER &AKKS EACH DISTRICT 185 No. 116.—REPORTING MEMBER BANKS—INVESTMENTS, BY WEEKS, WITH MONTHLY AVERAGES OF WEEKLY FIGURES [In millions of dollars] Federal Reserve District B to o n s- Y N o ew rk P p h d h e i i l la - a - C l l a e n v d e- m Ri o c n h d l A a t nt - a Chi- Lo S u t i . s M n o e i l a n i p - s - K C s a i a n t s - y D l a a l s - F c S i r s a a c n n o - 1931 Jan. 7 376 2,690 414 743 177 144 868 170 132 253 116 628 Jan. 14 382 2,696 417 754 177 142 874 170 131 253 118 630 Jan. 21 378 ! 2, 706 422 752 177 141 889 I 170131 250 117 631 Jan. 28 381 I 2. 741 436 766 179 139 898 172 129 249 118 635 Feb. 4 382 2,839 458 777 184 143 900 178 129 250 118 656 Feb. 11 396 2,844 459 788 184 153 177 129 250 118 661 Feb. 18 386 2,891 460 786 177 153 960 180 129 250 118 666 Feb. 25 384 2,910 464 789 178 144 965 180 130 252 117 670 Mar. 4 385 2,874 468 804 179 148 963 | 183130 249 117 Mar. 11 385 2,873 479 800 181 149 951 i 186 129 251 118 Mar. 18 432 2,970 522 839 199 172 989 I 195 132 253 146 744 Mar. 25 425 2,927 546 841 200 173 990 202 133 254 146 739 Apr. 1 425 2,932 547 844 199 172 967 201 135 256 144 729 Apr. 8 440 2,966 548 845 202 172 985 211 134 261 139 730 Apr. 15 460 2,984 570 864 223 184 996 222 137 262 149 742 Apr. 22 464 2,995 575 883 217 182 1,007 220 136 264 151 754 Apr. 29 464 3,045 567 866 216 181 1,040 219 138 266 149 752 May 6 467 3,008 560 856 217 183 1,035 222 133 265 145 755 May 13 472 3,058 528 846 215 179 1,036 229 132 266 139 753 May 20 472 3,071 524 850 207 171 976 240 133 261 143 755 May 27 462 3,080 528 848 209 167 970 243 134 265 127 752 June 3 460 3,113 530 853 204 168 973 227 137 267 123 751 June 10 461 3,114 530 850 206 168 975 228 136 267 124 752 June 17 481 3,014 555 873 221 189 981 227 136 269 134 763 June 24 475 3, 021 547 871 225 185 951 228 138 272 136 754 July 1 466 3, 077 547 861 215 181 940 227 139 271 136 735 July 8 462 3, 070 541 853 227 181 997 227 138 271 136 748 July 15 ... . 466 3,073 543 844 225 178 938 224 138 272 132 747 July 22 471 3,043 545 844 224 176 939 223 142 273 131 746 July29 468 3,116 545 844 224 176 933 223 137 274 131 739 Aug. 5 468 3,086 543 844 226 175 924 221 133 274 128 736 Aug. 12 471 3,039 549 849 228 174 933 221 137 273 129 730 Aug. 19 467 2,999 549 845 223 173 918 221 140 274 127 727 Aug. 26 467 3,048 547 836 224 171 919 219 140 271 125 728 Sept. 2 472 3,035 544 827 225 171 917 215 140 269 121 729 Sept. 9 471 3,065 541 825 227 168 917 215 140 269 119 726 Sept. 16 480 3,114 568 862 233 195 892 222 141 277 153 732 Sept. 23 479 3,162 553 838 232 190 221 140 275 147 723 Sept. 30 496 3,280 542 811 230 183 221 140 275 140 719 Oct. 7 485 3, 258 509 801 239 185 875 215 138 273 138 715 Oct. 14 . 481 3, 280 498 781 242 185 878 215 135 270 135 721 Oct. 21 478 3,222 494 773 240 186 873 215 135 265 138 729 Oct. 28 492 3,181 494 762 239 185 215 132 264 138 732 Nov. 4 485 3,169 493 755 240 184 216 129 262 137 725 Nov. 11 479 3,172 491 750 238 184 822 216 123 265 137 730 Nov. 18 475 3,140 483 748 237 179 822 216 126 263 136 735 Nov. 25 479 3,091 478 736 236 178 821 218 126 266 137 737 Dec. 2 473 3,097 i 480 735 237 177 819 220 126 266 137 739 Dec. 9 455 3,043 478 729 237 176 822 221 126 266 133 741 Dec. 16 456 3,217 508 760 244 195 832 224 126 267 161 761 Dec. 23 443 3,161 494 751 245 183 829 219 132 265 150 743 Dec. 30 429 3,056 477 734 234 182 824 217 133 268 145 729 Monthly averages: January 379 2,708 422 754 178 142 882 171 131 251 117 February 387 2,871 460 785 181 148 930 179 129 250 118 March 407 2,911 504 821 190 160 973 192 131 252 131 715 April 451 2,984 561 860 211 178 999 214 136 262 146 741 May 3,054 535 850 2,12 175 1,004 234 133 264 139 754 June 3,066 540 862 214 178 970 228 137 269 129 755 July 466 3,076 544 849 223 178 949 225 139 272 133 743 August 468 3,043 547 844 225 173 923 220 138 273 127 730 September 479 3.131 549 833 229 181 898 219 140 273 136 726 October 484 3,235 498 779 240 185 873 215 135 268 137 724 November 479 3,143 486 747 237 181 827 216 127 264 137 732 December 451 3,115 487 741 240 183 825 220 129 266 145 742 Back figures.—See Annual Reports for 1930 (Table 110) and 1929 (Table 104) and Federal Reserve Bulle- Digitized forti nF RfoAr JSaEnuRa ry, 1929. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
186 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 117,—REPORTING MEMBER BANKS—NET DEMAND DEPOSITS, BY WEEKS WITH MONTHLY AVERAGES OF WEEKLY FIGURES [In millions of dollars] Federal Reserve District B t o o s n - Y N o e r w k P p h d h i e l i l a - a - Cl l e a v n e d - m Ri o c n h d - la At nt - a Chi- Lo S u t i . s n M o e l a i i n p s - - K C s a i a n t s - y D l a a l s - F c S i r s a a c n n o - 1931 Jan. 7... 903 6,492 778 1,081 331 304 1,893 370 460 268 736 Jan. 14 904 783 1,081 335 312 1,888 371 461 269 752 Jan. 21 889 6,394 774 1,090 341 304 1,863 365 209 452 272 738 Jan. 28.. 875 6,437 770 1,096 331 300 1,848 359 202 458 274 730 Feb. 4 876 6,426 762 1,106 333 299 1,843 360 199 448 274 723 Feb. 11 877 6,409 755 1,119 333 302 1,844 365 200 451 274 743 Feb. 18 868 6,358 745 1,104 323 316 1,840 358 197 448 275 738 Feb. 25 856 6,419 752 1,109 325 309 1,830 359 200 450 272 733 Mar. 4 860 6, 357 756 1,111 328 302 1,799 359 200 275 724 Mar. 11 867 6,469 783 1,118 329 311 1,784 379 206 275 755 Mar. 18 864 6,529 784 1,114 322 300 1,803 369 218 445 274 760 Mar. 25 851 6,443 807 1,119 323 301 1,776 378 216 442 275 759 Apr. 1 873 6,457 839 1,149 326 310 1,729 372 218 446 280 750 Apr. 8 888 841 1,141 324 311 1,782 386 219 451 277 752 Apr. IS 896 6, 356 855 1,145 331 312 1,821 389 218 447 281 760 Apr. 22 879 6, 376 829 1,144 334 311 1,793 384 218 444 283 757 Apr. 29 870 6,348 817 1,128 326 312 1,798 381 219 446 282 737 May 6 6,327 815 1,109 335 309 1,789 386 206 449 284 731 May 13 869 6,475 787 1,108 337 310 1,821 388 208 453 281 740 May 20 864 6,450 789 1,115 330 307 1, 834 388 202 443 284 751 May 27 861 786 1,113 330 304 1,793 386 207 444 269 738 June 3 861 6, 365 799 1,119 341 306 1,776 379 218 444 268 729 June 10 863 800 1,123 339 306 1, 761 392 214 442 269 734 June 17 853 6, 067 804 1,106 334 302 1,748 376 217 446 269 733 June 24 839 6,179 785 1,095 328 296 1,742 376 215 447 264 720 July 1 874 6,465 793 1,096 328 307 1,771 377 215 459 271 732 Julys 863 6,308 775 1,087 328 304 1,853 365 216 448 270 727 July 15 874 6,446 784 1, 068 335 302 1,782 362 222 447 271 741 July 22 861 6, 356 778 1,074 329 295 1,769 359 221 444 269 726 July 29 837 6,393 780 1,075 326 292 1,766 355 216 440 2G8 725 Aug. 5.___ _. 851 6,316 781 1,081 331 293 1, 765 352 210 438 269 727 Aug. 12 855 6,222 780 1,089 334 294 1,777 354 216 432 270 732 Aug. 19 837 6,145 776 1,071 325 288 1, 755 351 217 434 268 729 Aug. 26 841 6,186 768 1,050 326 288 1,765 351 210 428 266 716 Sept. 2 848 6,242 766 1,045 328 287 1,772 350 214 426 262 704 Sept. 9 849 6,171 774 1,047 332 287 1, 766 351 219 433 265 701 Sept. 16 846 6,202 757 1,019 328 282 1,747 339 215 426 263 710 Sept. 23 822 6,177 724 985 321 277 1,667 341 208 419 257 687 Sept. 30 828 6,537 723 967 323 271 1,682 335 206 417 255 683 Oct. 7 ._ 845 6,120 693 954 322 271 1,658 330 206 412 255 673 Oct. 14 ._ 822 6,001 C96 933 330 272 1,643 336 204 410 258 682 Oct. 21 834 6,033 687 904 320 264 1,628 331 203 400 255 662 Oct. 28 811 6,041 682 896 315 260 1, 620 324 201 390 255 654 Nov. 4 ._. 817 5,922 695 892 320 259 1,603 329 205 390 256 655 Nov. 11.. 817 5, 855 692 900 316 260 1, 599 331 203 390 257 667 Nov. 18 803 5,862 685 897 312 259 1,611 333 202 391 258 666 Nov. 25..... 778 5,853 682 891 308 258 1,599 332 199 384 253 669 Dec. 2 798 5, 829 693 894 312 257 1,576 335 199 392 255 659 Dec. 9 773 5, 771 689 886 311 258 1,567 348 199 388 255 660 Dec. 16. 764 5, 866 687 895 302 255 1, 567 342 192 393 251 654 Dec. 23 749 5,650 654 879 297 250 1,502 335 190 382 248 635 Dec. SO 743 5,715 660 885 293 252 1,527 336 191 245 640 Monthly averages: January 893 6,455 776 1,087 335 305 1,873 366 206 458 271 739 February .. 869 6,403 753 1,110 329 307 1,839 361 199 449 274 734 March 861 6, 450 783 1,116 326 304 1,791 371 210 445 275 750 April ._ 881 6,369 836 1,142 328 311 1,785 382 218 447 281 751 May _ 865 6,411 794 1,111 333 307 1,809 387 206 447 280 740 June -_. 854 6,230 797 1,111 336 302 1,757 381 216 445 267 729 July 862 6,405 782 1,080 329 300 1,788 364 218 447 270 730 August. 846 6,217 776 1,073 329 291 1, 765 352 213 433 268 726 September 6,266 749 1, 013 327 281 1,727 343 212 424 260 697 October 6,049 690 922 322 267 1,637 330 203 403 256 668 November 804 5,873 689 895 314 259 1,603 331 202 389 256 664 December 765 5,766 677 888 303 254 1,548 194 251 650 Back figures.See Annual Reports for 1930 (Table III) and 1929 (Table 105) and Federal Reserve Bulletin Digitized forfo Fr RJaAnSuaEryR, 1929. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORTING MEMBER BANKS IN EACH DISTRICT 187 No. 118.—REPORTING MEMBER BANKS—TIME DEPOSITS, BY WEEKS, WITH MONTHLY AVERAGES OF WEEKLY FIGURES [In millions of dollars] Federal Reserve District B to o n s- Y N o e r w k P p d h h e i i l l - a a- C la le n v d e- m Ri o c n h d - la A n t t - a Chi- Lo S u t. is M n o e l a i i n p s - - K C s a a it n s y - D la a s l-1 ) I F C Sa r is a n c n o - 1931 Jan. 7_. 517 1,721 350 990 242 225 1,254 237 148 195 148 1,018 Jan. 14 513 1,720 350 988 242 224 1,273 236 149 195 150 1,020 Jan. 21 517 1,748 352 987 243 222 1,278 236 150 196 148 1,013 Jan. 28 523 1,748 352 988 243 220 1,283 236 149 193 150 1,014 Feb. 4 520 1,757 370 991 245 220 1,297 237 150 194 151 1,028 Feb. 11 517 1,774 374 991 246 220 1,296 237 150 195 151 1,024 Feb. 18. 519 1,827 377 996 248 221 1,300 238 150 197 151 1,019 Feb. 25... 522 1,830 385 1,000 250 224 1,305 237 149 197 150 1,026 Mar. 4 526 1,787 393 1,008 247 227 1,318 238 149 204 150 1,042 Mar. 11 526 1,750 388 1,008 250 226 1,324 239 150 205 150 1,031 Mar. 18 521 1,756 394 1,017 251 231 1,308 239 150 205 149 1,028 Mar. 25 524 1,770 394 1,, 016 252 232 1,310 242 152 207 151 1,028 Apr. 1 521 1, 778" 383 1,017 256 230 1,325 245 152 207 151 1,031 Apr. 8 520 1,752 392 1,019 258 231 1, 312 247 152 204 151 1,035 Apr. 15 521 1,749 391 1,009 259 230 1,352 249 152 205 149 1,038 Apr. 22 519 1,750 391 1, 016 259 230 1, 392 249 151 205 150 1,046 Apr. 29 .. 522 1,786 391 1,015 261 230 1, 395 250 152 205 148 1,055 May 6 520 1,788 399 1,015 262 229 1,377 252 152 206 148 1,074 May 13 520 1,803 399 1,013 262 228 1,340 251 153 206 147 1,076 May 20 521 1, 781 401 1,011 263 227 1, 363 251 153 206 148 1,084 May 27 522 1,783 405 1,017 263 227 1,353 249 153 204 147 1,076 June3 _ 516 1,744 390 1,013 261 228 1,371 244 154 204 147 1,075 June 10 519 1,749 390 1,010 263 227 1, 348 241 154 206 147 1,071 June 17 516 1,713 387 1,009 262 226 1,281 237 153 204 146 1,057 June 24 517 I, 726 391 1,011 263 226 1,241 235 152 204 148 1,055 July 1 519 1,721 394 1,015 268 233 1,235 230 151 204 147 1,055 July 8 517 1,711 403 1,018 270 232 1,234 238 151 204 145 1,053 July 15 514 1,690 403 1,021 267 234 1,228 237 151 204 143 1,050 July 22 512 1,681 401 1,021 265 233 1,231 237 150 203 143 1,044 July 29 511 1,682 404 1,024 264 235 1,248 238 149 203 141 1,045 Aug. 5_ 513 1,656 408 1,021 263 236 1,243 238 147 202 141 1,031 Aug. 12 516 1, 667 410 1,017 263 236 1,242 238 146 202 140 1,028 Aug. 19 527 1,651 408 1,013 264 234 1,222 237 146 200 139 1,017 Aug. 26 520 1,645 404 1,006 265 233 1,213 235 145 200 139 1,012 Sept. 2 519 1,642 400 1,003 262 231 1,211 237 146 200 138 1,014 Sept. 9 517 1,622 396 999 264 229 1,196 235 146 200 139 1,007 Sept. 16 514 1,632 387 990 260 228 1,178 234 145 200 139 988 Sept. 23 513 1,613 381 984 254 228 1,165 232 145 200 138 984 Sept. 30 504 1,596 367 975 251 225 1,163 232 145 200 140 977 Oct. 7 500 1,553 352 952 247 220 1,141 230 144 197 135 953 Oct. 14 494 1,535 333 941 244 218 1,123 228 143 196 133 948 Oct. 21 492 1,459 326 934 242 216 1,107 225 143 193 131 950 Oct. 28 486 1,428 322 925 240 217 1,098 224 143 192 133 950 Nov. 4 478 1,397 319 918 239 215 1,097 222 144 191 133 944 Nov. 11 474 1,388 307 912 238 214 1,087 223 143 191 135 944 Nov. 18 476 1,396 299 907 237 213 1,075 223 143 191 136 945 Nov. 25 478 1,392 293 895 236 213 1,069 223 143 191 135 943 Dec. 2 468 1,358 288 892 233 209 1,069 218 143 190 135 Dec. 9 __ 468 1,310 283 891 232 209 1,063 210 145 189 135 Dec. 16 464 1,287 273 880 232 207 1,056 208 145 187 135 930 Dec. 23 447 1,260 274 877 229 206 1,040 208 156 186 134 930 Dec. 30 430 1,249 277 864 227 206 1,032 206 15G 185 133 933 Monthly averages: January 518 1,734 351 988 242 223 1,272 236 149 195 149 1,016 February 520 1,797 376 994 247 221 1,300 237 150 197 151 1,024 March.. 524 1,766 392 1,012 250 229 1,315 240 150 205 150 1,032 April 521 1,763 390 1,015 259 230 1,355 248 152 205 150 1,041 May 520 1,789 401 1,014 262 228 1,358 251 153 206 148 1,077 June 517 1, 733 390 1,011 262 227 1,310 239 153 204 147 1,065 July 515 1, 697 401 1,020 267 234 1,235 236 151 204 144 1,050 August 519 1,655 407 1,014 264 235 1,230 237* 146 201 140 1,022 September 513 1,621 386 990 258 228 1,183 234 145 200 139 994 October 493 1,494 333 938 243 218 1,117 227 143 195 133 950 November 476 1,393 304 908 238 214 1,082 223 143 191 135 944 December 456 1,293 279 881 231 207 1,052 210 149 187 134 934 Back figures.—Seo Annual Reports for 1930 (Table 112) and 1929 (Table 106) and Federal Reserve Bul- Digitized folert iFnR foArS JEanRu ary, 1929. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
188 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 119.-—REPORTING MEMBER BANKS-—RESERVE BALANCES, BY WEEKS, WITH MONTHLY AVERAGES OF WEEKLY FIGURES [In millions of dollars] Federal Reserve District C ca h g i- o Lo S u t i . sn M o e i l a n i p - s - K C s a i a t n s y - D l a a l s - F c S i r a s a n c n o - 47 26 55 33 108 45 25 53 32 111 43 26 53 34 106 43 26 54 34 107 45 25 54 36 109 46 23 55 33 112 46 22 52 32 107 45 23 54 33 107 44 24 54 32 106 45 24 52 31 108 45 28 53 32 111 47 26 52 34 112 Apr. 1 45 26 54 32 106 Apr. 8 47 27 55 34 117 Apr. 15 48 24 53 34 106 Apr. 22 45 26 52 32 103 Apr. 29 47 24 52 32 101 May 6 49 27 53 34 109 May 13 46 25 53 33 109 May 20 49 25 53 35 113 Mav 27 49 25 54 32 110 49 27 51 30 106 49 27 52 33 109 45 27 53 31 105 46 24 53 31 106 July l 45 24 56 32 108 July 8 44 26 53 33 109 July 15 42 24 53 107 July 22 45 25 54 105 July 29 43 26 52 107 42 25 54 105 41 25 51 106 42 27 52 108 44 25 53 108 43 26 51 105 43 28 56 99 41 25 49 102 43 26 51 101 39 23 50 98 41 25 52 95 43 24 50 96 42 24 47 92 40 23 48 92 44 25 48 91 43 23 46 95 45 24 48 96 44 23 48 99 40 24 46 91 45 24 45 96 42 23 50 88 43 22 44 87 48 25 46 Monthly averages January. 45 26 54 108 February 45 23 54 109 March 45 26 53 109 April 47 26 53 107 May 48 25 53 110 June 47 26 52 106 July 44 25 54 107 August 42 26 53 107 September... 42 26 51 101 October.._ 42 24 49 93 November. 44 24 48 95 December. 44 24 46 91 Back figures.—See Annual Reports for 1930 (Table 113), 1929 (Table 107), and Federal Reserve Digitized for BFuRllAetSinE fRor January, 1929. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
REPORTING MEMBER BANKS IN EACH DISTRICT 189 No. 120.-—REPORTING MEMBER BANKS-—BORROWINGS AT FEDERAL RESERVE BANKS, BY WEEKS, WITH MONTHLY AVERAGES OF WEEKLY FIGURES [In millions of dollars] Boston 1931 Jan 7 2 Jan 14 Jan 21 Jan 28 Feb 4 Feb 11 Feb 18 - - Feb 25 Mar 4 Mar 11 Mar 18 Mar 25 Apr 1 \pr 8 Apr. 15 Apr 22 Apr 29 May 6 May 13 May 20 - -- May 27 June 3 June 10 June 17 June 24 July 1 July 8 July 15 July 22 July 29 Aug 5 Aug 12 Aug 19 Aug 26 Sept 2 Sept 9 Sept 16 Sept 23 Sept. 30 . Oct 7 Oct. 14 Oct. 21 Oct 28 Nov. 4 Nov. 11 Nov. 18 .-- Nov 25 Dec. 2 Dec. 9 .- . _ -. Dec 16 Dec. 23 Dec. 30 Monthly averages: January February March-- __ April May June - _ July August September.. October November December ot ot *- 1 2 2 2 2 3 3 3 3 1 2 2 2 1 2 2 2 1 2 ot ot i- 1 2 1 1 1 ot ot ot •>- 2 2 2 4 4 8 9 8 6 8 oot o 9 15 30 22 2 2 3 2 Ot Ot >-K New Phila- York del- phia 27 8 11 7 5 6 6 4 7 4 16 4 3 4 3 3 4 4 4 3 3 2 3 2 4 2 7 2 3 2 8 2 7 3 7 2 6 3 7 3 5 2 7 2 8 4 11 3 11 1 6 1 8 2 7 2 7 10 17 24 13 21 23 19 19 20 16 77 152 105 80 57 51 49 53 54 68 47 149 334 12 7 3 6 6 9 8 2 19 3 19 7 104 9 53 17 130 ot ot ot 3 4 3 4 6 13 22 25 45 60 58 59 55 59 59 59 56 56 65 79 61 6 4 3 2 ocot ot Federal Cleve- land 18 14 14 8 10 10 10 7 6 6 3 3 3 2 4 1 7 3 3 4 4 4 fi 3 14 55 58 64 OS CO 1> Rich- mond 9 7 6 4 6 5 5 5 5 6 3 2 3 5 4 2 3 4 2 5 5 6 5 4 8 3 5 2 5 3 7 6 8 7 18 17 20 21 18 31 29 41 53 65 75 80 75 69 67 71 79 86 102 91 13 9 3 3 4 6 6 13 24 59 73 86 CO CO CO 3 5 4 5 6 8 12 11 12 12 19 21 18 18 22 § Reserve District At- lanta 10 10 8 11 11 9 10 5 4 2 1 3 1 1 1 1 1 1 2 2 2 2 17 17 27 21 6 5 4 3 4 6 3 4 9 16 18 20 ot ot 2 3 4 4 8 8 8 9 12 11 16 18 18 24 29 31 32 32 29 37 32 31 25 25 10 9 3 2 ot ot — Chi- cago 13 9 8 7 7 5 5 4 3 4 3 2 6 11 22 31 30 ot ot 3 4 4 3 3 3 3 6 7 6 2 1 2 2 3 3 cococo o- Min- Kan- St. neap- sas Louis olis City 2 11 1 7 1 7 1 5 1 7 5 2 1 1 1 1 1 1 1 2 1 2 2 2 2 3 3 9 2 10 5 17 3 2 5 9 4 19 4 2 38 8 3 45 10 1 49 11 1 43 10 34 11 40 13 56 11 57 11 48 11 64 13 64 9 1 5 1 3 3 — -- 3 5 I 2 3 2 9 3 28 6 42 10 58 11 ot ot 2 1 1 1 I 1 1 1 1 1 2 2 2 2 2 1 1 1 1 3 3 7 3 3 3 3 6 4 12 16 ot ot o ot Dal- las 1 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1 2 1 1 1 1 6 7 12 12 12 21 12 19 20 17 16 17 16 16 8 4 1 1 1 2 1 4 4 14 20 17 OCO — San Fran- cisco 26 12 14 6 11 12 11 9 14 1 7 18 8 8 12 3 17 23 15 24 1 20 18 33 22 14 4 27 29 29 35 22 21 41 51 67 94 93 86 77 74 76 81 10 73 8 47 6 56 3 41 1 14 11 1 10 3 1 4 1 20 1 19 1 19 1 30 9 76 11 78 8 60 Back figures.—See Annual Reports for 1930 (Table 114), and 1929 (Table 108) and Federal Reserve Bul- Digitized folre tFinR fAorS JEanRu ary, 1929. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
190 ANNUAL BEPORT OF THE FEDEKAL EESERVE BOARD BANKERS' BALANCES OF REPORTING MEMBER BANKS, BY DISTRICTS No. 121.—[REPORTING MEMBER BANKS—DUE TO BANKS, BY MONTHS, 1930 AND 1931 [Monthly averages of weekly figures. In millions of dollars] Federal Reserve District Month B to o n s- Y N o e r w k P p d h h e i l i l - a a- C la le n v d e- m Ri o c n h d - la A n t t - a c C a h g i o - L S ou t. is n M e l a i is n p - o- K C s a i a t n s y - D la a s l- F c S r is a a c n n o - 1930 January 125 992 167 197 99 119 422 134 76 203 92 202 February. _ 122 963 171 208 96 113 431 131 75 203 98 206 March 117 1 013 169 217 97 111 462 123 81 199 91 219 April... 130 1, 049 173 232 98 109 459 121 78 190 89 215 May 118 999 164 246 96 100 456 117 73 186 86 229 June. 125 1 083 176 277 98 97 482 121 80 195 87 243 Julv._ 138 1,186 208 335 110 99 512 129 80 231 91 285 August.. 129 1,082 220 343 108 97 518 126 82 246 92 292 September 130 1,159 227 371 113 104 528 125 89 244 109 306 October 141 1,235 234 357 119 108 502 126 85 223 119 297 November. 147 1,279 222 330 119 104 494 123 90 218 118 286 December. ._ 134 1,254 225 299 106 99 490 117 84 209 114 262 1931 January. 145 1,357 249 349 115 102 507 130 82 212 111 274 February _ 147 1, 385 259 388 122 113 531 133 84 223 127 284 March 149 1 397 283 399 124 120 546 132 96 225 123 2S0 April. _. 158 1, 344 282 409 126 121 528 135 94 230 121 264 May 146 1,327 260 395 120 117 517 136 90 228 120 260 June. 147 1,238 261 379 118 112 487 123 95 214 109 251 Julv 152 1,363 259 358 113 102 485 114 85 210 97 242 August 140 1,201 236 337 111 95 444 105 81 200 86 229 September 137 1,165 211 281 103 84 441 101 81 182 81 211 October 131 1,072 173 206 90 78 372 91 71 155 80 187 November... 125 994 159 185 84 77 368 88 73 151 80 184 December 116 939 151 183 83 74 365 83 68 147 77 174 No. 122,—REPORTING MEMBER BANKS—DUE FROM BANKS, BY MONTHS, 1930 AND 1931 [Monthly averages of weekly figures. In millions of dollars] Federal Reserve District Month B to o n s- Y N o e r w k ! ™ l p a i - t C la le n v d e- m Ri o c n h d - la A n t t - a L S ou t. is n M e l a i i s p n o - - K s a a n s - TD l ^ a a-i s l - Ii F c ? S i . s a a n c n_ o City 1930 Januarjr 52 117 60 92 51 75 191 59 119 58 168 February 45 115 57 91 49 72 220 59 119 63 167 March 50 136 61 97 50 76 213 56 127 79 | 164 April 61 165 63 104 53 72 203 56 122 70 162 May 54 157 64 110 62 69 197 54 121 73 175 June 61 159 75 117 73 74 215 62 144 82 183 July 67 170 99 141 81 79 295 70 183 93 223 August 66 150 97 131 81 76 253 65 200 90 228 September 73 157 92 142 86 84 281 70 211 105 235 October 86 174 95 134 91 84 271 81 195 108 220 November 113 161 105 140 86 76 273 82 179 101 211 December 87 164 90 115 76 72 257 85 162 103 204 1931 January 111 173 123 162 100 83 262 96 164 102 217 February 115 170 138 170 102 91 283 110 183 118 222 March _. 120 195 180 174 108 96 302 102 187 115 200 April 118 185 j 132 143 106 92 290 92 190 109 196 May 98 168 135 152 99 87 318 87 192 111 204 June 102 179 134 135 92 83 265 82 170 112 195 July 116 172 132 151 92 82 309 76 158 94 196 August 98 131 89 126 88 74 279 72 148 82 182 September 91 136 78 107 78 68 261 66 132 76 165 October 90 119 71 83 58 59 197 53 105 64 131 November 72 105 70 79 52 55 191 44 106 63 126 December 60 101 66 74 52 51 40 100 62 116 Back figures of due to banks and due from banks—See Annual Report for 1929 (Tables 109 and 110). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 191 BANK SUSPENSIONS No. 133,—BANKS SUSPENDED AND REOPENED, BY DISTRICTS, 1931 Banks suspended * Banks reopened Class of bank and Federal reserve district Number Capital Deposits Number Capital Deposits All banks, total. 2,298 $208,120, 000$1,691, 510, 000 762 $19,102, 000$158,187,000 Boston 33 8, 331,000 117, 038, 000 2 550, 000 5, 216, 000 New York 80 17,885, 000 155, 272, 000 3 2, 950, 000 24. 423, 000 Philadelphia... 101 21, 787, 000 155, 729, 000 1 50, 000 239, 000 Cleveland 182 39,664, 000 400,171, 000 4 130, 000 1,715,000 Richmond 206 15, 727, 000 116, 700, 000 56 2, 963, 000 23, 592, 000 Atlanta 139 8,667, 000 51, 370, 000 14 882, 000 11,388,000 Chicago 631 58, 725, 000 425,041, 000 37 3, 015, 000 26,905, 000 St. Louis 264 10, 283, 000 68, 217, 000 99 6, 373, 000 45, 299, 000 Minneapolis-_. 271 6,859, 000 57, 448, 000 25 649, 000 7, 384, 000 Kansas City... 222 6, 892,000 46,917,000 17 500,000 4,174,000 Dallas 93 7, 746, 000 53, 030, 000 17 1,015,000 7, 735. 000 San Francisco.. 76 5, 554, 000 44, 577, 000 1 25, 000 117, 000 Member banks, total- 517 83,861, 000 733, 528, 000 31 7, 215, 000 53, 944, 000 Boston 7 3,635,000 43,123,000 New York 44 11, 560, 000 98, 989, 000 2 2, 750, 000 21, 740, 000 Philadelphia... 30 3, 730, 000 28, 545, 000 1 50, 000 239, 000 Cleveland 63 22, 405,000 213,149,000 Richmond 53 5, 845, 000 44, 476, 000 4 900, 000 6, 044, 000 Atlanta 30 3, 586, 000 22, 468, 000 2 310, 000 5, 481, 000 Chicago 102 18,115,000 174, 836,000 1 1,000, 000 7, 502, 000 St. Louis 45 3,445, 000 25, 200, 000 12 1,855, 000 9, 820, 000 Minneapolis-.. 47 1,645,000 11,477,000 3 125, 000 1, 466, 000 Kansas City... 21 1,185, 000 8, 987, 000 Dallas 42 5, 055, 000 38, 316, 000 5 200, 000 1, 535, 000 San Francisco.. 33 3, 655, 000 25,964, 000 1 25, 000 117, 000 National bank members, total _ 409 49, 347, 000 439,171, 000 25 3,165, 000 26,182, 000 Boston... 6 3, 435, 000 39,824, 000 New York 34 3, 310,000 44, 086, 000 1 250, 000 2, 939, 000 Philadelphia.. 23 2, 205, 000 18, 279, 000 1 50, 000 239,000 Cleveland 47 12, 050, 000 118 587,000 Richmond 46 4, 977, 000 38, 787, 000 3 650, 000 3, 892, 000 Atlanta 25 3, 015, 000 20,649, 000 2 310. 000 5,481, 000 Chicago 70 9,155, 000 77,166, 000 1 1, 000, 000 7, 502, 000 St. Louis 35 2, 410, 000 21, 043, 000 9 605, 000 3, 507, 000 Minneapolis... 46 1, 595,000 10, 981,000 2 75,000 970, 000 Kansas City... 21 1,185, 000 8, 987, 000 Dallas 33 3, 465, 000 23, 571, 000 5 200, 000 1, 535, 000 San Francisco.. 23 2, 545, 000 17, 211,000 1 25,000 117, 000 State bank members, total 108 34, 514,000 294, 357, 000 6 4, 050, 000 27, 762, 000 Boston 1 200, 000 3, 299, 000 New York 10 8, 250, 000 54, 903, 000 I 2, 500, 000 18, 801, 000 Philadelphia.. 7 1,525, 000 10, 266,000 Cleveland 16 10, 355, 000 94, 562, 000 Richmond 7 868, 000 5,689, 000 1 250, 000 2,152, 000 Atlanta 5 571,000 1,817,000 Chicago 32 8, 960, 000 97,670, 000 St. Louis 10 1, 035, 000 4,157, 000 3 1, 250, 000 6, 313, 000 Minneapolis... 1 50,000 496,000 1 50,000 496, 000 Kansas City... Dallas 9 1, 590, 000 12, 745, 000 San Francisco.. 10 1,110,000 8, 753, 000 Nonmember banks, total...... 1,781 124, 259, 000 957, 982, 000 245 11, 887, 000 104, 243, 000 Boston 26 4,696, 000 73, 915, 000 2 550, 000 5, 216, 000 New York 36 6, 325, 000 56, 283, 000 1 200, 000 2, 683, 000 Philadelphia.. 71 18, 057, 000 127,184, 000 Cleveland 119 17, 259, 000 187, 022, 000 4 130, 000 1, 715, 000 Richmond 153 9,882, 000 72, 224, 000 52 2, 063, 000 17, 548, 000 Atlanta 109 5, 081, 000 28, 904, 000 12 572, 000 5, 907, 000 Chicago 529 40,610, 000 250, 205, 000 36 2, 015, 000 19, 403, 000 St. Louis 219 6,838, 000 43, 017, 000 87 4,518,000 35, 479, 000 Minneapolis... 224 . 5, 214, 000 45,971, 000 22 524, 000 5, 918, 000 Kansas City... 201 5, 707, 000 37, 930, 000 17 500, 000 4,174, 000 Dallas ,... 51 2,691, 000 16, 714, 000 12 815, 000 6, 200,000 San Francisco. 43 1,899, 000 18,613, 000 1 Figures shown for capital do not include data for 1 mutual savings bank (without capital stock) and 15 private banks for which capital figures are not available. Back figures.—See Annual Reports for 1930 (Table 117), 1929 (Table 111), 1928 (Table 115), 1927 (Table Digitized fo11r1 )F, RanAdS 1E92R6 (Table 98). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
192 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 124. —BANKS SUSPENDED AND REOPENED, BY STATES, 1931 [Figures are for member and nonmember banks] Banks suspended i Banks reopened State Number Capital Deposits Number Capital Deposits United States 2,298 $208,120, 000 $1, 691, 510,000 276 $19,102,000 $158,187,000 New England: Maine 2 100,000 2, 254, 000 New Hampshire 2 75, 000 1, 002,000 V ermont Massachusetts 19 6, 600, 000 95, 408, 000 1 150,000 2,436,000 Rhode Island Connecticut ._ 10 1, 556, 000 18, 374, 000 2 600,000 5, 463, 000 Middle Atlantic: New York 55 12,180,000 92, 801, 000 1 2, 500, 000 18, 801,000 New Jersey 38 7, 030, 000 73,128, 000 2 300,000 3,178, 000 Pennsylvania 137 31, 741, 000 270, 787,000 East North Central: Ohio 115 26, 088,000 260, 439, 000 3 80, 000 1, 081,000 Indiana 96 8,100, 000 63, 890, 000 20 1, 257, 000 10, 777, 000 Illinois 238 30, 813, 000 175,978, 000 17 1, 670, 000 10, 278, 000 Michigan 113 11, 374, 000 102, 841, 000 3 175, 000 2, 636, 000 Wisconsin 49 2, 640, 000 24, 701, 000 11 418, 000 4,813, 000 West North Central: Minnesota . -_- 101 2, 525, 000 25,313, 000 7 240,000 2,468, 000 IOWEL 208 8,865, 000 86, 222, 000 2 1, C20, 000 7, 710, 000 Missouri 122 3, 750, 000 22, 899, 000 9 235, 000 1, 954,000 North Dakota 66 1, 265, 000 8,170, 000 2 50, 000 369, 000 South Dakota 73 1, 942, 000 12, 971, 000 12 269, 000 3, 527, 000 Nebraska 109 3, 731, 000 28,137, 000 10 390, 000 2,977,000 Kansas 38 1,161, 000 6, 369, 000 South Atlantic: Delaware Maryland -- - 20 2, 289, 000 25, 775, 000 3 240, 000 3, 573,000 District of Columbia Virginia 37 2, 532, 000 16, 792, 000 13 684, 000 4, 525, 000 West Virginia - 57 4, 640, 000 37, 832, 000 7 555, 000 5,922,000 North Carolina _ 63 4, 714,000 29, 791,000 33 1, 484,000 10, 024, 000 South Carolina, _ 34 2, 287, 000 9, 947, 000 1 50,000 182,000 Georgia 35 1,846, 000 8, 515,000 1 30,000 110,000 Florida - 17 1, 638, 000 9, 935, 000 2 125, 000 866, 000 East South Central: Ken tucky _ 27 2, 626, 000 18,132, 000 10 1,995, 000 16, 057, 000 Tennessee 31 1,124, 000 5, 583, 000 4 93, 000 419,000 Alabama 36 2, 049, 000 6, 759, 000 Mississippi 60 3, 208, 000 28, 337, 000 39 1, 611, 000 18, 510, 000 West South Central: Arkansas 57 2, 396, 000 11, 744, 000 36 1, 551, 000 8,894, 000 Louisiana 7 495,000 4, 712, 000 2 250, 000 2, 947, 000 Oklahoma . __ __ 24 520, 000 3, 404, 000 5 70. 000 517, 000 Texas 86 7, 341, 000 49, 403, 000 15 915, 000 6, 230, 000 Mountain: Montana 11 255,000 1,136, 000 1 20, 000 74, 000 Idaho 10 495, 000 2, 290, 000 1 25, 000 117,000 Wyoming 3 175,000 1, 031, 000 Colorado 21 545, 000 3, 234, 000 New Mexico - 1 50,000 752,000 I 50, 666 752,000 Arizona 5 350, 000 2, 968, 000 Utah 9 460, 000 8,326, 000 Nevada - 2 70, 000 172,000 Pacific: Washington 22 1, 475, 000 10, 429, 000 Oregon 14 1, 040, 000 9,460, 000 California 18 1, 964, 000 13, 367, 000 " I " "I 1 Figures shown for capital do not include data for 1 mutual savings bank (without capital stock) and 15 private banks for which capital figures are not available. Backf igures—See Annual Reports for 1930 (Table 118), 1929 (Table 112), 1928 (Table 116), 1927 (Table 112), 1926 (Table 100), and 1925 (Tables 97 and 98). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL EEPOET OF THE FEDERAL RESERVE BOARD 193 EARNINGS, EXPENSES, AND DIVIDENDS OF MEMBER BANKS No. 125.—MEMBER BANKS—EARNINGS, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICTS, 1927-1931 [In thousands of dollars] Net District and year ending June 30 ea G r r n o i s n s gs ex T p o e t n a s l es ea T r n o n e t i t a n l gs cha o r f g f ed d N p it r e i o o t f n a i t d s to - de d D c e l i n a v d r i e - s d Boston: 1927 148,413 107,527 40,886 15,337 25,549 20,145 1928 159,629 114,499 45,130 13,309 31,821 20,859 1929 1(58,442 116,254 52,188 24,371 27,817 22,333 1930- 171, 324 119, 246 52,078 26. 596 25,482 30, 760 1931 149, 683 41,485 31, 759 9,726 25, 820 New York: 1927 607,316 409,335 197,981 29,600 168, 381 97,859 1928 668,002 444,702 223,300 37, 741 185, 559 107,226 1929 766,914 499,151 267, 763 42,177 225,586 124,797 1930 809, 381 533, 002 276, 379 79, 580 196,799 152, 510 1931 664, 049 439, 006 22,5, 013 197, 466 27, 577 144, 748 Philadelphia: 1927 155,340 102,921 52,419 6,702 45, 717 26,493 1928 161,382 108,009 53,373 8,375 44,998 26,807 1929 170, 503 114,916 55,587 12,096 43,491 29,314 1930 175,940 116,957 58,983 13, 875 45,108 34. 225 1931 167, 787 117,958 49, 829 34,114 15, 715 32, 809 Cleveland: 1927 213,798 155, 507 58, 291 16, 031 42,260 27,636 1928 220,115 162, 218 57,897 13, 713 44.184 28, 737 1929 230,196 167,874 62,322 14,016 48, 306 29,751 1930 231,889 166, 958 64,931 20, 287 44, 644 31,513 1931 221, 790 164, 299 57, 491 35, 703 21, 788 29, 469 Richmond: 1927 84,385 60,973 23,412 7,216 16,196 13,096 1928 87, 233 63,227 24,006 7,847 16,159 12, 756 1929 86,890 64,126 22,764 7,499 15,265 13, 782 1930 80, 222 59,240 20,982 8,561 12.421 12,712 1931 72, 222 54, 886 17, 336 16, 943 393 10,847 Atlanta: 1927 83,277 60,993 22,284 9,225 13,059 12, 208 1928 83,018 61, 537 21,481 8,599 12,882 11, 247 1929 85,202 63.487 21,715 8,887 12,828 12,575 1930 79,391 59.153 20, 238 17,358 2,880 11,178 1931.. 65, 687 51, 075 14, 012 14, 572 40 10, 939 Chicago: 1927 218, 617 77,467 18,282 59.185 36,317 1928 311, 247 232,407 78, 840 19, 602 59, 238 45,198 1929 _. 339,690 235,179 104, 511 25,549 78,962 49,882 1930.. 331, 264 237,378 93,886 33, 995 59,891 49, 796 1931 282, 524 207,170 75, 354 36, 062 39, 292 46, 629 St. Louis: 1927 86, 541 64.488 22,053 6,842 15,211 13, 746 1928 87,894 64, 601 23,293 5,786 17, 507 12, 988 1929 91,146 65,668 25,478 6,093 19, 385 13,321 1930 _. 88,424 64, 599 23,825 7, 654 16,171 15, 736 1931 72, 321 54, 281 18, 040 11, 643 6,397 10, 720 Minneapolis: 1927 55,750 43,063 12,687 6,506 6,181 5,699 1928 57,354 43,724 13, 630 5,729 7,901 5,780 1929 60,654 44,030 16,624 9,488 7,136 7,326 1930... 63,198 45,958 17, 240 6,556 10, 684 7,717 1931 56, 770 42,845 13, 925 8,005 5,920 6,887 Kansas City: 1927 83,067 61,401 21, 666 13,063 8,603 8,347 1928 84,241 63,034 21, 207 9,671 11, 536 9,821 1929 88,814 63,609 25,205 9,009 16,196 12,049 1930 88,360 62,999 25.361 9,848 15, 513 12,445 1931 81, 579 60, 602 20,977 12, 462 8,515 9,454 Dallas: 1927 61,370 43,872 17,498 8,480 9,018 8,289 1928 64,591 44,939 19,652 9,044 10, 608 9,156 1929 71,746 48,281 23,465 8,287 15,178 10,233 1930 70. 979 49,007 21, 972 9.777 12,195 10, 201 1931 61, 269 45, 653 15, 616 12,114 3,502 7,626 San Francisco: 1927 193,529 146, 504 47,025 16,968 30, 057 22, 231 1928 208,721 160,441 48,280 20,323 27, 957 33, 713 1929 211,449 159,199 52,250 17,018 35, 232 38,981 1930_._ 218,160 162,820 55, 340 17,122 38, 218 28, 901 1931 212,248 164, 538 47, 710 24, 550 23,160 27, 403 Back figures.—See Annual Report for 1927 (Table 118). Ratios.—For district ratios of figures given, which relate to fiscal years, to average earning assets, etc., see Federal Reserve Bulletins as follows: 1928—December, p. 879; 1927—January, pp. 26-28; December, Digitized fopr pF. R88A3-S88E4R. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
194 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 126.—NATIONAL BANKS *—EARNINGS, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICTS, 1927-1931 [In thousands of dollars] Gross Total Total Net Net ad- Divi- District and year ending June 30 earnings expenses net charged dition to dends earnings profits declared off Boston: 1927 98,200 69,154 29,046 12,716 16,330 14,243 1928 106,268 74,620 31,648 10,839 14,654 1929 _ 111, 799 75,539 36,260 18, 708 17,552 15.854 1930 117,455 80,141 37, 314 22, 081 15, 233 22', 710 1931 105,982 78,171 27,811 25, 284 2,527 19, 391 New York: 1927 ._ 302, 553 201,892 100, 661 16, 510 84,151 50, 438 1928_ 326, 641 217, 385 109, 256 26,313 82,943 52,496 1929 343,545 226,078 117,467 27,000 90,467 52, 585 1930.. 351,352 234,087 117, 265 53, 537 63, 728 68, 244 1931 330, 313 220, 765 109, 548 123, 534 2 13,986 65,981 Philadelphia: 1927 ._ 109,098 72, 713 36,385 5,403 17,842 1928 110, 689 73, 915 36, 774 6,421 30, 353 17,168 1929 114, 627 77, 789 36,838 8,165 28,673 19,443 1930 114,668 76, 608 38, 060 10, 008 28,052 22. 603 1931 108, 844 76, 277 32, 567 25, 847 6,720 20, 264 Cleveland: 1927 112,423 81,023 31,400 11,049 20, 351 15, 286 1928_ ,- 113, 341 82, 202 31,139 8,061 23,078 15,121 1929— 116,059 84,103 31,956 8,797 23,159 15,072 1930 116,353 82, 688 33,665 12, 695 20, 970 16, 001 1931 110,591 80,997 29, 594 24, 803 4,791 14, 253 Richmond: 1927 68,658 49, 559 19,099 6,077 13,022 10,956 1928 70, 610 51,366 19,244 5,860 13, 384 10,623 1929 69,466 51,117 18,349 6,018 12,331 11, 521 1930 63, 613 46, 506 17,107 6,209 10.898 10,198 1931 55, 549 41, 789 13, 760 15, 085 2 1,325 8, 235 Atlanta: 1927 58,473 42,919 15, 554 6,077 9,477 8,819 1928 62,438 46, 224 16, 214 6,486 9,728 8,392 1929 63,968 47,395 16, 573 6,831 9,742 9,946 1930 61, 567 45, 568 15,999 10,863 5,136 8,999 1931 52,176 40, 387 11, 789 8,940 2,849 Chicago: 1927 - 149,420 109, 604 39,816 11.003 28,813 19,574 1928. 160, 244 118,428 41,816 13,930 27,886 27, 679 1929 185,001 122,012 18.004 44,985 27,530 1930 167, 679 119,935 47, 744 23,074 24,670 23, 483 1931 145,105 107, 432 37,673 24, 889 12, 784 21, 625 St. Louis: 1927 51,376 38,863 12, 513 3,761 8,752 9,394 1928, - 53,184 39,094 14,090 3,552 10, 538 8,722 1929 55,801 40,083 15,718 3,884 11,834 8,815 1930 _ 51, 377 37, 253 14,124 4.935 9,189 10,070 1931 41, 331 31,114 10, 217 7,725 2,492 6,120 Minneapolis: 1927_ 51, 711 39,915 11, 796 5,766 6,030 5,379 1928 53,376 40, 761 12, 615 5,126 7,489 5,461 1929— 56, 263 40,933 15,330 9,086 6,244 6,936 1930 59,131 43,114 16, 017 5,958 10,059 7,267 1931 53,516 40, 364 13,152 7,502 5,650 6,486 Kansas City: 1927 74,233 54,815 19,418 11,822 7,596 7,397 1928 75, 636 56, 553 19,083 8,530 10, 553 8,867 1929 - 80,532 57, 300 23, 232 8,607 14,625 11,104 1930 80, 243 56, 782 23,461 9,451 14, 010 11, 434 1931 74,134 54,936 19,198 11,927 7,271 8,478 Dallas: 1927 58,053 41,355 7,863 8,835 8,022 1928 61,111 42, 535 18, 576 8,046 10, 530 8,806 1929. 67,506 45,477 22,029 7,566 14,463 9,719 1930 65, 527 45, 278 20, 249 8,636 11,613 9,595 1931 56, 386 41, 867 14, 519 11,296 3,223 7,032 San Francisco: 1927 108,064 80,060 28,004 10,267 17,737 13,279 1928 150,025 114,048 35,977 13,346 22,631 27,224 1929 158,891 118,458 40,433 13,000 27,433 34,003 1930 175, 776 129, 244 46, 532 14. 445 32, 087 25, 739 1931 172, 388 132, 085 40,303 20,914 19,389 24,430 i Member banks only, i. e., exclusive of national banks in Alaska and Hawaii. 2 Net loss. Back figures—See Annual Report for 1927 (Table 118). Ratios.—For district ratios of figures given, which relate to fiscal years, to average earning assets, etc., see Federal Reserve Bulletins as follows: 1928—December, p. 879; 1927—January, pp. 26-28; December, pp. 883-884; 1925—December, pp. 872-873. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
EARNINGS AND EXPENSES OF MEMBER BANKS 195 127.—STATE BANK MEMBERS—EARNINGS, EXPENSES, AND DIVIDENDS, BY FEDERAL RESERVE DISTRICTS, 1927-1931 [In thousands of dollars] District and year ending June 30 ea G r r n o i s n s gs ex T p o e t n a s l es ear n ni e n t gs cha o r f g f ed d N p it r e i o o t f i n a ts d to de d D c e i l n v a d r i- e s d Boston: 1927 50,213 38,373 11,840 2,621 9,219 5,902 1928. 53,361 39,879 13,482 2,470 11,012 6,205 1929 56,643 40,715 15,928 5,663 10,265 6,479 1930 53. 869 39,105 14, 764 4, 515 10, 249 8,050 1931 43, 701 30, 027 13, 674 6,475 7,199 6,429 New York: 1927. 304,763 207,443 97,320 13,090 84,230 47,421 1928. 341, 361 227,317 114,044 11,428 102,616 54,730 1929 423, 369 273,073 150,296 15,177 135,119 72,212 1930 458, 029 298, 915 159,114 26, 043 133,071 84, 266 1931 333, 736 218,241 115,495 73,932 41, 563 78, 767 Philadelphia 1927 46,242 30, 208 16,034 1,299 14, 735 8,651 1928_ 50, 693 34,094 16, 599 1,954 14,645 9,639 1929-. 55,876 37,127 18, 749 3,931 14,818 9,871 1930 61, 272 40, 349 20, 923 3,867 17, 056 11,622 1931 ?,$, 943 41, 681 17, 262 8,267 12, 545 Cleveland: 1927. 101,375 74,484 26, 891 4,982 21,909 12,350 1928_ 106.774 80,016 26, 758 5,652 21,106 13,616 1929 114,137 83, 771 30,366 5,219 25,147 14,679 1930 115, 536 84,270 31, 266 7, 592 23, 674 15, 512 111,199 83, 302 27,897 10,900 16, 997 15,216 Richmond: 1927 15,727 11,414 4,313 1,139 3,174 2,140 1928. 16,623 11, 861 4,762 1,987 2,775 2,133 1929 17,424 13,009 4,415 1,481 2,934 2,261 1930 16, 609 12, 734 3,875 2,352 1,523 2,514 1931 16, 673 13, C97 3,576 1,858 1,718 2,612 Atlanta: 1927. 24,804 18,074 6,730 3,148 3,582 1928 20, 580 15, 313 5,267 2,113 3,154 2,855 1929 21, 234 16,092 5,142 2,056 3,086 2,629 1930 17,824 13, 585 4.239 6. 495 1 2, 256 2,179 1931 13,511 10, 688 2,823 5,632 i 2,809 2, 243 Chicago: 1927 146,664 109,013 37, 651 7,279 30, 372 16, 743 1928.. 151,003 113,979 37, 024 5,672 31, 352 17, 519 1929. 154, 689 113,167 41,522 7,545 33,977 22, 352 1930 163, 585 117,443 46,142 10,921 35, 221 26, 313 1931 137,419 99, 738 37, 681 11,173 26, 508 25,004 St. Louis: 1927 35,165 25,625 9,540 3,081 6,459 4,352 1928 34, 710 25, 507 9,203 2,234 6,969 4,266 1929. 35, 345 25, 585 9,760 2,209 7,551 4,506 1930 37, 047 27, 346 9, 701 2,719 6,982 5,666 1931 30, 990 23,167 7,823 3,918 3,905 4,600 Minneapolis: 1927 4,039 3,148 891 740 151 320 1928_ 3,978 2,963 1,015 603 412 319 1929 4,391 3,097 1,294 402 892 390 1930 4,067 2,844 1,223 598 625 450 1931 3,254 2,481 773 503 270 401 Kansas City: 1927 8,834 6,586 2,248 1,241 1,007 950 1928 8,605 6,481 2,124 1,141 983 954 1929 8, 282 6,309 1,973 402 1,571 945 1930 8,117 6,217 1,900 397 1,503 1,011 1931 7,445 5,666 1,779 535 1,244 976 Dallas: 1927_ 3,317 2,517 800 617 183 267 1928 3,480 2,404 1,076 998 78 350 1929 4, 240 2,804 1,436 721 715 514 1930 5, 452 3,729 1. 723 1,141 582 606 1931 4,883 3,786 1,097 818 279 594 San Francisco: 1927 85, 465 66, 444 19,021 6,701 12, 320 8,952 1928 58, 696 46, 393 12, 303 6,977 5,326 6,489 1929 52, 558 40, 741 11,817 4,018 7,799 4,978 1930 42. 384 33, 576 8.808 2,677 6,131 3,162 1931 39,860 32, 453 7,407 3,636 3,771 2, 973 1 Net loss. Back figures.—SGQ Annual Report for 1927 (Table 120). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BUSINESS CONDITIONS 197 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BUSINESS CONDITIONS No. 128.-—CAPITAL ISSUES [Exclusive of refunding issues. In millions of dollars] Domestic issues * Year and quarter dom an e d stic S a t n a d te Corporate F is o s r u e e i s g n ^ foreign Total 3 m i u p n a i l c- Total L te o r n m g S te h r o m rt Stocks YEAR 1919 3,626 3,234 678 810 498 312 1,436 392 1920__ 3,732 3,235 672 1,561 1,039 522 1,002 497 1921 3,644 3,021 1,199 1,435 1,274 161 265 623 1922 4,391 3,627 1,071 1,644 1,540 104 570 764 1923- 4,437 4,016 1,043 1,976 1,833 143 659 421 1924 5 557 4,588 1,380 2,200 1,924 276 829 969 1925 _ . 6,201 5,125 1,352 2,452 2,231 221 1,153 1,076 1926 6,314 5,189 1,344 2,667 2,418 249 1,087 1,125 1927 7,556 6,219 1,475 3,183 2,962 221 1,474 1,337 1928 8,040 6,789 1, 379 2,385 2,175 210 2,961 1,251 1929 10, 091 9,420 1,418 2,078 1,873 205 5,924 671 1930_ _ 6,909 6,004 1,434 2,980 2,460 520 1,503 905 1931 3,099 2,860 1,235 1,240 951 289 311 239 QUARTER 1919—First.. 561 506 101 278 184 94 124 55 Second • 987 922 195 188 120 68 274 65 Third 1, 033 944 212 214 101 113 511 89 Fourth 1,045 862 170 130 94 36 527 183 1920—First 1,017 876 172 300 174 126 404 141 Second 1,172 1,045 147 499 300 199 399 127 Third.. 628 552 161 307 265 42 84 76 Fourth 915 762 192 455 300 155 115 153 1921—First.. 823 683 201 397 293 104 85 140 Second 816 702 260 365 344 21 37 114 Third 859 669 286 274 257 17 101 190 Fourth 1,146 967 452 399 380 19 42 179 1922—First . 1,159 875 285 393 343 50 92 284 Second 1,539 1,252 357 636 597 39 155 287 Third 940 860 253 292 287 5 213 80 Fourth. 753 640 176 323 313 10 110 113 1923—First 1,385 1,240 240 656 615 41 212 145 Second 1,109 1,052 333 448 374 74 164 57 Third 643 562 177 313 303 10 65 81 Fourth 1,300 1,162 293 559 541 18 218 138 1924—First 1,276 1,120 293 574 491 83 178 156 Second 1,601 1,488 489 624 542 82 322 113 Third 1 135 899 343 420 375 45 111 236 Fourth 1,545 1,081 255 582 516 66 219 464 1925—First.. 1,585 1,357 318 737 654 83 244 228 Second 1,583 1,371 414 623 587 36 290 212 Third 1,351 1,059 323 496 459 37 232 292 Fourth 1,682 1,338 297 597 532 65 387 344 1926—First .- 1,821 1,627 355 788 692 96 446 194 Second 1,758 1,423 381 744 672 72 263 335 Third.. . 1,254 987 295 515 483 32 165 267 Fourth _ 1,482 1,152 313 620 571 49 214 330 1927—First.. _ 2,062 1,729 366 871 834 37 460 333 Second 2,079 1,730 496 893 824 69 323 349 Third . 1,357 1,122 290 563 608 55 264 235 Fourth 2,057 1,638 323 856 796 60 427 419 1928—First. . 1,754 1,451 354 686 632 54 407 303 Second 2,343 1,799 396 606 588 38 765 544 Third 1,138 999 212 404 337 67 380 139 Fourth __ 2,806 2,540 417 690 638 52 1,409 266 1929—First 2,782 2,518 246 662 625 37 1,610 264 Second 2,543 2,349 416 625 548 77 1,308 194 Third 3,073 2,993 265 413 382 31 2,315 80 Fourth 1,694 1,561 491 379 318 61 691 133 1930—First 2,117 1,848 311 1,115 1,028 87 399 269 Second 2,682 2,252 437 985 782 203 820 430 Third 1,116 1,016 266 563 454 109 172 100 Fourth 994 888 420 316 195 121 111 106 1931—First 1,196 1,089 446 532 477 55 82 107 Second 1,026 928 393 398 297 101 137 98 Third _ 591 565 282 242 120 122 26 26 Fourth 286 278 114 68 57 11 66 8 * Source: Commercial and Financial Chronicle. Series revised in 1932 (for entire period shown) on the basis of revised monthly figures supplied by the Chronicle. 1 Compiled by Department of Commerce. * Includes issues of Federal land banks and Federal intermediate credit banks not shown separately. Digitized for FRASE1R2 5554—32 14 199 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
200 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 129.—SECURITY PRICES [Index numbers of the Standard Statistics Co. Monthly data are averages of weekly figures] Common stocks Year and month 1919—. 88.3 110.9 1920 80.8 103.2 1921 81.8 103.0 1922 92.4 114.0 1923 91.8 114.4 1924 93.5 115.2 1925... 95,3 118.6 1926 97.0 121.0 1927 98.9 127.1 1928 98.7 130.9 1929 95.7 127.4! 1930 98.3 126.4 1931— 95.9 118.1 1923 January 93.4 116.4 February— 93.0 117.0 March....— 91.9 116.3 April 91.5 114.2 May 91.8 114.2 June 91.8 113.7 July. 91.4 113.8 August 114.0 September- 9L2 113. October 91.2 113.4 November.. 91.4 113.8 December.. 91.4 113.4 1924 January 92. February- 92 2 March.. 92.0 114.2 April 92.2 113.3 May.... 92.8 113.7 June... 93.7 114.6 July 94. 115.5 August 94. 116.5 September....'I 94.5 116.0 October 94.6 116.0 November.. 94.8 116.9 December. - 94.5 117.1 1925 January 94.5 117. February... 94.8 118.0 March 94.8 116.0 April... 95.3 117.6 May.. 96.0 118.7 June.. 96.2 119.0 July.... 95.8 119.6 August 95.3 118.8 September.. 95.3 119. October 95.2 119.3 November- 95.1 120.1 December.. 95.6 119.8 1926 January 120.0 February.-. 96.6 120.6 March 96.6 120.1 April. 96.9 120.6 May 97.3 121.4 June.. 97.3 121.3 July.. 97.0 121.2 August 97.2 121.9 September- 97.0 120.5 October.— 97.0 120.2 November. 97. 6| 121.1 December. 97.8 123.6 latoT Common stocks (1926=100)3 (1926=100)3 Month d 1 o |:| a 70.7 72.6 70.1 60.3 1927 64.2 66.1 63.9 54.5 January 97.9 124.0 105.6 105.6 107.1 104.4 55.2 51.6 61.8 57.8 February „. 98.1 125. 0 107.9 107.5 111. 6 105.3 67.7 64.7 72.7 70.9 March 98.4 125. 109.1 108.6 112.2 107.3 69.0 66.6 71.9 73.8 April 99.0 126.4 111.1 110.0 115.7 110.5 72.8 69.6 76.7 78.9 May ._ 99.1 127.6 114.2 113.1 118.1 114.2 89.7 88.4 89.5 94.9 June 98.4 127.2 115.4 114.4 119.2 115. 6 100.0 100.0 100.0 100.0 July 98.4 126.7 117.2 116.7 120.7 114.9 118.3 118.5 119.1 116.0 August 98.8 127.6 122.0 122.3 123.1 118.5 149.9 154.3 128.5 148.9 September- 99.3 128.5 127.7 128. 125.2 124.1 190.3 189.4 147.3 234.6 October 99.6 128.5i 126.7 127.5 124.3 124. 5 149.8 140.6 124.9 214.6 November.. 99.7 128.8 129.6 131.3 124. 125 6 94.2 86.9 72.1 147.9 December. _ 100.0 129. 7 133.1 135. 5 126.8 127.2 1928 71.6 69.9 73.6 73.9 January 100.3 131.3 134.4 137.4 125. 3 129.5 74.8 73.4 76.6 76.0 February... 100.3 131.1 132.3 134.8 121.6 130.9 75.8 75.3 76.4 76.1 March 100.5 132.8 137.9 141.1 125.9 134.4 73.2 72.0 74.4 74.9 April 100.3 135.31 UC n 149.5 130.7 142.5 69.8 67.5 72.7 73.7 May 99.7 134.2 152.1 154.9 133.2 155. 3 67.2 63.7 72.3 72.7 June 98.5 131.5 145.3 148.2 126.7 148.1 64.9 61.2 69.6 71.9 July 97.9 129.6 144.2 147.8 124.6 145. 3 65.2 61.8 69.0 72.8 August 97.2 128.8 148.3 152. 6 126.5 147.9 65.7 62.2 69.3 73.7 September- 97.5 129.3 156. 6 162.2 129.6 155.8 64.6 61.0 68.7 72.7 October 97.5 128.8 159.1 166. 2 128.2 154.4 66.6 63.6 70.0 73.4 November.. 97.8 129.3 171.1 178.9 134.9 168.6 68.9 67.1 69.9 74.0 December.. 97.2 128.9 171. 4 178.4 134.9 173.4 1929 71.1 69.7 71.2 76.4 January 97.0 129.2 185.2 192. 141.8 192.7 71.4 70.0 71.8 76.6 February. _. 96.3 128.8 186. 5 192. 3 141.6 202.4 70.0 67.9 71.4 76.0 March 95.8 128.7 189.1 196.0 140.4 203.7 68.4 65.3 72.0 75.0 April - 95.8 128.6 186.6 193.4 138.3 201. 4 68.2 64.7 72.7 75.2 May 95.7 128.6 187.8 192.6 138.7 212.3 69.4 65.6 74.3 76.7 June.. 95.3 127.7 190.7 191.0 144.8 233.0 72.7 68.9 78.3 78.3 July 95.2 127.0 207.3 202.7 160.0 272.8 75.2 71.7 80.3 80.0 August 95.0 126.3 218.1 210.3 165. 4 304.3 74.4 70.7 79.3 81.3 September- 94.8 126.8 225.2 216.1 1G8. 1321.0 73.5 69.7 78.1 81.0 October 95.1 126.4 201.7 194.4 157. 0 276.6 77.6 73.6 83.6 83.2 November.. 95.7 123.9 151.1 144. 135.1 194.4 81.7 78.0 87.5 86.5 December.. 96.5 126.4 153.8 146. 9 136.3 200.9 1930 85.1 82.7 88.6 87.8 January 96.5 126. 5 156.3 148. 136.5 208.7 85.9 83.9 88.8 88.2 February... 96.4 126.9 165.5 155.9 142.5 230. 5 83.6 80.9 86.8 88.7 March 97.7 127. 172.4 163.0 143.2 241.6 82.8 80.4 84.8 89.2 April - 97.8 128. 2 181.0 170.8 141. 263.7 85.4 83.0 86.2 93.6 May 98.0 127.6 170.5 160.1 136.0 250.0 86.9 85.1 86.3 95.5 June 98.2 126. 152.8 143.1 124.5 223.5 89.3 88.2 87.4 97.2 July.-. 98.7 125. 149.3 139.8 124.2 215.4 90.5 89.0 89.9 97.5 August 99.6 126.5 147.6 138.71 121.. 212.7 92.6 91.8 91.1 98.4 September.. 100. 01127.9 148.8 139.3| 122.6 216.4 95.6 96.0 91.5 100.6 October 99.9! 126.8 127.6 117.8 110.9 187.0 98.7 99.6 94.4 101.2 November- 99.1| 124.7 116. 7 10S. 5 102.1 167. 4 100.3 100.4 98.6 101.1 December.. 97.8 121.7 109. 4 101.9 157.9 1931 I 101.8 102.2 98.6 103.2 January 99.6 123.6 112. 3103.4 100.4 163.4 101.8 102.4 97.1 103.8 February ... 99.4 124.8 119. 8110.3 104.7 177.9 95.8 96.3 94.7 94.9 March 100.0 126.4 121. 6 111. 8 97.2 188.9 92.9 92.6 93.6 93.3 April 99.6 125.3 109. 2 100. 3 87.3 169.8 93.2 92.6 94.7 94.3 May 99.7 122.6 ;.o 76.8 156.4 97.2 96.9 98.4 97.7 June 99.4 119. 74.0 153.0 100.0 99.9 100.2 100 2 July 99.4 121.1 953..21 75.3 157.5 102.9 103.1 103.1 102.0 August 98.5 120. 5.5 88.5 66.2 154.0 104.3 104.2 105. 9 103 1 September. 95.6 116.1 81.7 75.8 56.1 131.9 101.6 101.5 102.7 100.9 October... 89.4 109.4 69.7 64.8 48. 111.9 103.1 102.9 104.2 103.1 November- 89.0 108.5 71.7 67.5 46.0 114.7 105.4 105.4 106.4 104.0 December . 81.6 99.1 57.7 54.3 33.0 95.6 * Average price of 60 high-grade bonds adjusted for differences in coupon rate and maturity. * 20 high-grade industrials; average price. Digitized for F 3 R AAbSouEt R40 4 issues: 337 industrial, 33 railroad, and 34 public utility. Back figures—See Annual Report for 1930 (Table 123). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 130.—INDEXES OF PRODUCTION, EMPLOYMENT, AND TRADE [Index numbers of the Federal Reserve Board.* 1923-1925=100] Industrialproduction Building contracts awarded (value) 2 Freight-car loadings Fac- Factory em- tory Department Year and month Total Manufac•tures Minerals Total Residential All other ployment r p o a l y ls Total Merchandise, store sales Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Unad- Ad- Unad- Ad- Unad- Adjusted justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed 1919 83 84 77 63 44 79 107 98 84 78 W 1920 87 87 89 63 30 90 108 118 91 71 94 1921 67 67 70 56 44 65 82 77 79 87 87 d 1922 85 86 79 68 88 90 81 87 94 ._ 88 U II l 1923 101 101 105 84 81 86 104 103 100 96 98 1 1 9 9 2 2 4 5 . _ 1 9 0 5 4 1 9 0 4 5 9 9 6 9 1 9 2 4 2 1 9 2 5 4 1 9 2 4 0 1 9 0 6 0 1 9 0 6 1 1 9 0 7 3 1 9 0 9 5 1 9 0 9 3 u m i 1926 108 108 108 129 121 135 101 104 106 105 106 1927 106 106 107 129 117 139 99 102 103 105 107 a 1928 111 112 106 135 126 142 97 102 103 104 108 o 1929 119 119 115 117 87 142 101 108 106 105 111 1930 96 95 99 92 50 125 88 87 92 97 102 1931 x 81 80 84 63 37 84 74 66 75 87 91 1919 ioi January 81 82 82 82 i 74 79 21 30 9 11 30 45 105 108 97 75 84 60 8 February 78 79 80 80 63 70 27 32 15 18 37 44 102 103 91 72 83 59 Ul J J A M A N M S O D u u e p u o c e a n l a p t c y r g v y r e o i t e c u e l e b m h m s m e t b r b b e e e r r . r _ . 8 8 8 8 8 8 8 8 7 7 4 0 7 9 9 7 1 9 6 7 8 8 8 8 8 8 7 7 8 7 3 7 7 6 5 6 6 8 9 8 8 8 9 8 8 8 8 8 9 7 4 7 0 3 0 0 9 8 1 8 8 8 9 8 7 8 8 8 7 7 8 9 1 8 8 4 6 9 9 8 9 8 8 8 9 6 7 6 6 7 4 2 8 3 5 3 0 1 5 5 8 8 8 6 6 7 7 7 7 7 5 7 1 3 6 6 8 7 1 4 8 4 8 7 6 5 6 8 8 7 1 0 2 4 6 3 9 2 8 4 9 4 7 7 8 3 5 7 7 7 0 4 8 8 8 9 5 0 8 8 6 3 3 6 5 4 5 6 5 2 0 7 9 1 4 9 2 3 9 5 4 3 4 2 6 6 5 5 5 5 3 2 2 4 3 1 9 5 1 8 1 1 8 9 9 9 6 9 9 5 0 0 3 9 0 0 4 9 4 2 8 1 1 1 9 8 9 9 9 6 1 2 5 5 0 0 2 4 7 6 7 8 1 4 1 1 1 1 1 1 1 1 1 1 0 1 1 0 1 0 0 0 0 1 4 3 2 7 0 9 3 2 2 1 1 1 1 1 1 1 1 1 1 1 0 0 1 0 0 0 0 0 0 1 9 4 4 7 8 2 3 8 2 1 1 1 1 1 1 9 9 9 9 9 1 0 0 0 0 0 1 6 1 3 4 7 2 5 1 1 8 8 9 8 9 9 8 7 7 0 0 3 0 2 1 9 6 1 3 2 8 8 9 8 8 8 8 8 9 7 1 5 1 0 0 8 7 3 0 8 1 1 7 8 6 7 5 6 7 7 3 0 6 9 5 3 9 0 7 6 7 1 8 8 7 6 8 8 8 8 7 7 0 1 2 9 0 3 6 6 2 6 1 Descriptions of these indexes have been published in the Federal Reserve Bulletin as follows: Index of industrial production, February and March, 1927 (certain revisions March, 1932); indexes of factory employment and pay rolls, November, 1929, November, 1930; index of building contracts awarded, July, 1931; index of freight-car loadings, August, 1927 (certain revisions, February, 1931); index of department-store sales, February, 1928 (certain revisions, February, 1931). 2 Based on 3-month moving averages centered at the second month. to o Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 130.1—INDEXES OF PRODUCTION, EMPLOYMENT, AND TRADE—Continued [Index numbers of the Federal Reserve Board. 1923-1925=100] Industrial ]Droduction Building contracts awarded (value) Fac- Freight-car loadings Factory em- tory Department- Year and month Total Manufactures Minerals Total Residential All other ployment r p o a l y ls Total Mer I c . h e. a n I. dise, store sales Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Unad- Ad- Unad- Ad- Unad- Adjusted justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed justed o 1920 January _ 92 95 94 96 82 86 65 91 31 38 93 134 114 117 117 84 94 82 90 February 93 95 96 96 78 84 72 86 31 36 106 127 113 115 116 81 91 74 89 March _ _ 94 93 96 95 80 87 80 78 40 37 113 110 115 115 124 87 95 90 93 April 87 88 90 89 73 82 86 71 45 36 119 99 114 114 122 76 84 91 93 May 93 90 93 91 86 85 82 65 41 33 114 91 112 112 123 88 88 101 96 June 92 91 92 91 95 88 72 60 31 30 105 85 111 111 125 95 92 96 96 July 88 89 87 89 94 88 66 57 26 27 98 82 108 109 120 96 91 72 72 73 98 August 89 89 88 89 98 91 58 54 24 26 86 78 109 108 123 99 94 82 83 73 97 September . 88 86 87 86 94 85 56 54 25 25 80 77 107 105 121 103 91 86 82 88 95 N O o ct v o e b m er ber - 8 7 6 8 8 7 3 6 8 7 3 4 8 7 2 3 1 9 0 7 0 9 9 1 4 4 4 9 0 5 4 2 9 2 2 4 1 2 2 4 2 6 5 9 6 7 7 4 0 1 9 0 8 4 1 9 0 7 2 1 1 1 0 7 8 1 9 0 4 3 9 9 1 0 8 8 5 2 8 8 1 0 1 1 0 1 2 2 9 9 6 2 I December 68 72 65 68 87 94 34 46 19 21 46 66 90 90 100 82 90 78 80 146 92 1921 January 66 67 64 64 77 81 31 43 19 24 40 58 81 83 84 72 79 72 79 83 92 February 65 66 64 64 72 77 37 43 27 32 45 53 83 84 82 72 79 78 83 76 92 March 64 64 63 63 67 72 48 46 36 34 57 56 83 83 82 71 75 85 84 88 89 April 64 64 64 63 65 72 60 50 45 36 73 61 82 82 80 72 77 87 85 87 89 67 66 66 64 73 73 66 53 48 38 81 64 82 82 78 78 79 88 86 91 87 June 66 65 65 65 73 71 64 55 44 42 80 65 81 81 76 80 80 89 88 86 87 July 64 65 63 64 70 68 62 57 44 46 77 65 80 80 72 83 81 90 90 64 87 August - - - 67 67 66 67 71 69 64 61 48 51 77 70 81 81 74 80 77 85 86 63 84 S O e c p to te b m er ber 6 7 9 3 6 7 8 1 6 7 8 3 6 7 8 1 7 7 8 2 6 7 7 1 6 6 5 2 6 6 4 5 5 5 6 4 5 5 5 7 6 7 7 4 7 7 1 2 8 8 3 4 8 8 3 2 7 7 4 3 8 9 9 5 8 8 3 0 9 9 4 5 9 9 0 2 9 7 5 5 8 8 2 6 w o November 72 71 72 71 71 68 57 66 57 59 58 72 84 84 72 81 77 92 90 97 83 i December 66 70 66 70 64 69 52 66 54 59 50 72 83 83 74 72 77 88 90 135 84 1922 January 72 73 72 73 73 77 50 67 50 61 50 72 83 84 70 74 80 84 92 73 83 February 76 76 75 74 81 85 59 68 55 61 63 75 84 85 73 79 86 88 93 69 83 March _ 81 80 80 78 88 92 77 75 66 62 86 84 86 85 75 84 88 95 94 77 84 April 78 77 83 81 48 53 95 78 80 65 107 89 85 86 74 77 81 101 99 90 87 May 82 81 87 86 53 54 100 80 83 68 113 90 88 88 77 77 78 95 93 89 87 June 86 85 90 90 63 59 99 85 78 75 117 94 90 90 80 88 85 100 99 85 86 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
July 84 85 88 90 61 57 96 88 70 74 117 99 87 88 78 87 83 97 97 64 86 August... 83 83 86 87 67 62 89 86 63 69 110 100 90 90 82 88 84 93 94 66 88 September... 89 88 89 89 81 80 80 64 67 93 90 94 92 87 98 88 95 90 85 91 October 96 93 95 94 90 72 76 68 69 76 81 96 95 89 100 89 92 90 102 93 November... 99 97 99 97 94 67 76 71 74 63 78 99 98 93 100 95 94 91 108 92 December 95 100 95 100 100 63 79 72 76 56 81 100 100 96 88 96 88 91 152 93 1923 January 99 99 99 99 101 64 83 68 80 61 86 101 102 94 90 99 86 94 79 91 February 102 100 103 100 94 99 76 85 77 82 75 88 102 103 98 88 97 87 92 77 93 March 105 103 107 103 97 103 89 85 87 " 80 91 89 105 104 103 94 101 93 92 93 95 April 107 106 109 106 99 111 102 84 97 78 106 89 105 105 104 96 104 96 94 97 100 May 108 106 108 106 107 108 102 84 89 77 112 89 105 105 107 102 102 99 97 100 98 June 105 106 104 105 112 108 94 84 80 78 106 88 106 106 108 104 102 99 98 99 101 July 101 104 98 103 115 111 83 78 72 77 91 79 105 106 103 105 102 98 98 73 98 August 100 103 98 101 116 110 76 76 68 75 83 76 106 105 104 106 101 97 97 75 101 September 101 101 100 101 106 97 80 81 77 81 82 80 106 104 105 111 99 102 97 94 100 October 102 99 100 98 113 104 81 85 83 84 80 86 105 104 107 110 98 102 99 111 101 November 99 98 98 97 108 106 82 91 89 90 76 91 103 103 105 104 99 102 99 117 100 December 92 97 92 97 93 99 77 92 89 94 68 90 101 102 103 88 97 94 98 164 99 1924 January 99 100 99 99 100 103 76 95 86 101 67 91 100 101 98 91 99 91 99 86 99 February 104 102 105 101 100 105 87 97 101 107 76 89 101 101 104 95 102 96 100 84 101 March 103 100 105 100 93 99 102 98 110 102 96 94 101 101 104 94 100 101 100 88 99 April 96 95 98 95 83 93 113 98 119 98 108 94 100 99 101 90 96 101 99 103 98 May 90 89 89 88 93 93 111 95 107 96 113 94 96 96 97 95 94 101 99 98 97 June 84 85 82 84 96 93 99 91 90 91 106 91 93 94 92 93 91 97 96 97 100 July 81 84 78 83 95 93 92 88 82 87 101 88 91 92 85 94 93 96 97 71 96 August 87 89 86 89 96 92 88 86 78 85 95 87 92 92 89 99 95 98 98 72 96 September. __ 95 94 93 93 103 97 93 92 85 88 99 96 94 93 92 111 99 104 99 96 101 October. 98 95 97 95 104 96 95 98 93 93 96 103 95 94 95 112 100 104 101 105 96 November 99 97 99 97 100 97 93 99 97 95 91 103 95 95 94 104 99 103 100 117 100 December 97 101 98 102 95 99 84 98 90 95 80 101 96 97 98 93 101 97 101 166 99 1925 January 105 105 106 105 101 105 78 97 80 96 76 99 96 98 95 94 103 95 102 84 99 February 107 104 109 105 95 100 90 103 90 99 90 106 98 98 101 95 102 101 104 85 103 March 107 103 109 104 90 96 111 107 114 106 109 108 100 99 103 95 101 105 104 94 103 April 104 102 106 103 89 100 127 111 131 112 124 110 99 99 100 96 103 106 104 105 • 102 May 103 102 103 102 105 104 133 118 130 117 136 118 98 99 101 103 102 106 104 103 102 June 100 102 100 102 104 101 131 123 124 126 137 120 98 99 99 102 100 104 104 98 102 July 99 103 97 103 107 104 140 131 131 135 147 128 98 99 97 104 102 103 104 75 101 August 101 103 99 102 112 107 140 137 137 145 142 130 100 99 99 110 106 105 105 76 101 September. _- 102 101 103 103 97 89 139 133 144 141 134 127 102 100 99 115 102 111 105 97 101 October 107 104 108 106 90 128 131 140 138 118 125 102 101 105 113 102 109 106 122 111 November... 108 107 110 109 95 125 131 139 137 113 126 102 102 105 109 105 109 106 122 104 December 103 109 106 112 93 119 136 125 134 113 138 102 102 106 97 107 101 106 176 104 fcO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 130.—INDEXES OF PRODUCTION, EMPLOYMENT, AND TRADE—Continued to [Index numbers of the Federal Reserve Board. 1923-1925=100] o Industrial production Building contracts awarded (value) Freight-car loadings Fac- Factory em- tory Department- Year and month Total Manufactures Minerals Total Residential All other ployment r p o a ll y s Total Mer 1 c . h c a . n 1 d . ise, store sales Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Ad- Unad- Unad-! Ad- Unad- Ad- Unad- Adjusted justed justed justed justed justed justed justed justed justed justed justed I justed justed justed justed justed justed justed justed justed o 1926 January 105 106 108 109 90 91 113 139 113 135 113 141 101 102 101 94 104 106 90 106 February-_- 108 105 111 107 92 95 121 139 114 j 127 126 149 102 102 106 96 103 102 105 87 105 A M p a r r i c l h 1 1 0 1 8 0 1 1 0 0 6 7 1 11 1 0 2 1 1 0 0 6 6 9 9 8 6 1 10 0 8 6 1 1 3 4 0 2 1 1 2 2 7 6 1 1 2 4 8 0 I 1 1 2 2 1 1 1 1 3 4 2 3 1 1 3 3 2 0 1 1 0 0 3 2 1 10 0 1 2 1 1 0 0 7 5 9 9 9 8 1 1 0 0 5 5 1 1 0 0 7 6 1 10 0 5 6 1 9 0 7 2 1 10 0 1 5 o May 107 106 108 106 103 104 135 120 135 120 136 120 101 101 104 106 105 107 105 109 109 fed June __ 106 108 106 108 109 107 131 122 120 119 140 125 101 101 104 109 107 106 106 100 108 July _... 103 108 102 108 110 108 136 126 116 119 151 133 99 101 99 110 107 104 105 77 106 August 109 110 108 110 115 109 137 132 115 119 155 142 101 101 104 112 107 105 105 82 108 September.. 113 111 112 111 119 110 137 130 122 ! 120 149 139 103 102 105 121 108 110 106 104 106 October 114 111 113 111 124 113 127 130 123 122 130 137 103 102 108 122 108 109 104 120 109 fed November.. 110 110 108 108 123 118 125 132 120 118 130 142 101 101 105 113 109 108 106 124 106 fed December— 101 107 99 105 113 119 114 131 109 117 119 142 100 101 104 98 108 101 105 184 108 1927 January 106 107 105 106 112 115 107 132 97 117 115 144 98 100 106 105 91 107 February. _. 111 108 110 107 113 117 114 131 105 117 121 142 100 100 105 99 107 102 104 89 108 March 113 110 114 108 111 120 132 128 123 116 138 138 100 100 106 102 109* 106 105 95 106 A M p a r y il 1 1 1 1 0 2 1 10 0 9 8 1 1 1 1 2 2 1 1 0 1 8 0 1 9 0 6 8 1 10 0 9 6 1 14 4 5 4 1 12 2 8 8 1 1 3 3 3 2 1 11 1 5 5 1 1 5 5 3 7 1 1 3 3 9 9 1 9 0 9 0 1 1 0 0 5 4 1 9 0 9 5 1 1 0 0 3 6 1 10 0 6 6 1 1 0 0 4 4 1 10 0 5 9 1 10 0 5 6 fed June 107 107 106 108 108 106 140 128 117 114 158 140 100 102 105 104 105 105 101 106 fed July 102 106 102 107 103 101 140 128 115 114 160 140 99 99 104 102 104 105 76 105 August 105 106 104 106 111 106 131 126 108 113 149 136 102 109 104 105 105 85 111 September.. 106 104 105 104 111 104 133 128 119 118 145 136 101 102 116 103 110 105 103 104 N D O e o ct c v o e e b m m er b b e e r r . - . . . 1 1 0 0 1 5 1 1 1 0 0 0 1 2 2 1 1 9 0 0 5 0 4 1 1 1 0 0 0 2 1 2 1 1 9 0 1 7 5 2 1 1 1 0 0 0 2 2 3 1 1 1 1 2 2 1 6 2 1 1 1 3 2 2 1 9 8 1 1 1 1 2 2 1 0 0 1 1 1 2 1 2 5 9 1 1 1 1 1 3 2 1 1 4 1 1 1 3 3 3 6 6 5 9 9 7 7 103 1 10 1 1 4 101 1 1 0 0 9 6 1 1 1 0 0 0 4 4 4 1 1 1 1 2 8 7 6 2 1 1 1 0 0 0 6 7 8 1928 January 105 107 106 107 100 103 111 137 116 139 108 135 92 102 105 108 February-_. 111 108 113 110 102 121 138 128 142 115 135 101 94 102 101 104 106 March 112 108 114 109 105 138 137 143 136 134 137 103 97 103 105 104 97 107 April _ 110 108 113 109 95 105 155 137 152 130 157 142 100 96 101 105 103 105 106 May 110 108 111 108 104 106 159 137 149 130 168 143 101 105 103 108 104 107 107 June 108 108 109 109 104 102 154 139 140 133 166 144 97 101 101 100 103 103 102 107 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
July 105 109 105 110 104 102 ! 142 132 j 127 126 155 137 96 97 98 105 102 104 105 80 110 August 110 110 110 111 111 105 137 131 116 119 154 141 98 97 103 109 103 104 104 81 107 September 116 113 116 114 115 107 138 134 118 118 154 147 100 98 104 119 105 109 105 113 112 October 118 115 117 116 123 111 134 136 115 115 150 152 100 98 107 119 106 109 104 118 108 November. _. 115 117 115 118 118 114 122 132 112 114 130 146 99 99 104 109 107 107 105 125 108 December 109 118 110 120 106 111 | 107 127 93 106 117 145 98 100 104 94 106 99 105 192 111 1929 January 117 119 117 120 114 116 98 120 81 97 111 139 97 100 101 95 108 97 104 90 110 February 121 119 122 119 116 119 102 118 84 94 116 137 100 100 108 99 107 101 104 91 111 March 124 119 126 120 101 109 121 121 106 101 133 137 101 101 111 98 105 106 105 107 112 April 124 121 128 122 103 114 139 123 117 100 158 142 102 102 111 102 108 107 104 103 110 May 126 122 128 123 116 117 143 121 113 97 168 141 102 102 111 109 107 107 104 109 109 June 125 125 127 127 116 114 144 126 102 95 178 152 102 103 110 110 108 105 105 108 113 July 120 124 120 125 118 116 136 124 94 93 170 149 102 103 106 111 107 105 106 79 109 August.- 122 121 122 122 121 115 129 122 84 86 166 152 104 103 111 115 107 106 106 84 111 September... 123 121 123 121 127 118 112 110 73 73 144 140 105 102 112 121 106 110 106 117 114 October 121 118 119 119 127 116 104 107 67 67 135 139 103 101 111 118 104 109 104 122 112 November 108 110 107 110 114 110 94 103 66 67 116 132 99 99 103 102 102 106 104 125 108 December 103 101 110 116 84 102 53 61 109 136 95 97 99 89 102 96 103 191 108 1930 January 103 106 102 105 108 110 78 95 46 56 104 128 93 96 94 89 100 94 101 88 107 February 109 107 110 107 104 108 89 104 44 49 126 148 93 94 98 91 99 98 101 89 108 March 106 104 109 104 91 98 | 102 102 54 52 141 144 93 93 98 90 96 101 100 93 107 April 107 104 110 104 94 104 113 101 62 53 156 140 93 92 97 93 97 101 98 110 107 May 105 102 106 101 102 104 125 105 61 52 178 148 91 91 94 97 96 101 98 105 105 June 99 98 98 97 103 102 116 99 54 49 166 140 89 90 91 95 93 98 98 98 103 July 91 93 92 100 100 107 95 48 47 155 135 86 87 83 95 92 94 95 71 100 August 90 90 101 96 85 81 48 49 115 106 85 84 82 96 89 95 95 77 102 September ... 92 90 90 101 94 82 81 52 52 108 105 86 83 83 99 87 99 95 103 99 October 90 87 86 105 95 75 78 51 52 94 99 84 82 81 97 86 97 93 112 102 November.... 84 82 85 96 92 68 76 46 48 86 99 81 81 75 86 84 94 92 113 98 December 77 84 74 82 59 73 37 43 77 98 79 80 74 74 84 86 92 165 94 1931 January 82 83 81 83 58 71 37 44 75 93 76 78 68 74 82 83 90 79 97 February 87 88 86 84 68 79 42 47 89 104 77 78 73 74 80 87 89 80 98 March 89 91 87 82 77 77 50 47 98 100 78 78 75 75 80 89 89 92 97 April 90 91 87 83 91 82 73 52 44 107 96 78 78 74 77 80 91 88 101 106 J M un ay e .- 8 8 9 3 8 83 7 9 83 0 8 8 7 2 | 8 8 5 4 87 7 7 8 4 6 6 5 3 4 4 7 1 4 3 0 7 1 10 0 1 4 8 8 5 4 7 7 7 5 7 7 8 6 7 6 2 8 7 7 9 7 7 7 9 7 9 8 2 9 8 8 9 9 9 9 7 0 9 9 7 5 July... 80 82 79 82 85 68 61 36 35 94 82 74 75 64 78 76 87 88 65 91 August— 78 78 77 78 82 79 63 59 32 33 87 81 74 74 64 76 72 86 86 67 88 September... 77 76 76 75 77 59 59 32 32 81 80 75 73 62 78 69 88 85 87 84 October 75 73 72 71 82 52 55 29 30 71 76 71 70 59 78 69 87 83 93 86 November.—. 72 73 70 71 81 43 49 26 27 57 67 69 69 56 70 68 85 83 95 83 December— 74 73 79 84 30 38 20 23 39 50 68 69 56 61 69 77 83 142 81 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
206 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 131."—INDEX OF PRODUCTION OF MANUFACTURES, BY GROUPS [Monthly series adjusted for seasonal variation, 1923-1925—100] Y m ea o r n a th nd i t n A r d l i u e s l s - s I a t r n e o d e n l T ti e le x s - p F u r o c o o t d d s - P pr a a i i n p n n d e g t r - L b u e m r - A b m u il o t e o - s - e L p r u e r c a o a t t d n s h - d - m N e r f o t o e n a r u - l - s s P r le e i e n f u t i r g m n o - - t R t u a b i u r n b e e b d e r s - s b p u T a r c o c o t c d - s o - 1919. 84 82 92 94 76 84 50 104 67 54 1920. 87 99 84 84 87 86 58 97 78 64 1921. 67 46 87 83 70 72 41 90 39 64 55 1922. 86 82 99 94 85 87 66 102 C9 74 77 1923. 101 105 105 99 94 101 102 110 94 86 86 1924. 94 89 91 103 99 98 91 94 99 99 98 1925. 105 106 104 98 107 101 107 96 107 115 116 1926. 108 113 104 97 114 98 108 98 112 127 116 1927. 106 104 113 96 112 92 86 103 109 136 120 1928. 112 119 107 98 119 91 110 103 115 152 144 1929. 119 130 115 97 125 91 135 105 125 168 135 1930. 95 94 91 93 113 64 85 94 97 161 100 1931. 80 60 94 90 106 40 60 92 69 155 1928 January 107 112 107 103 115 92 103 100 135 128 February 110 112 109 108 116 92 95 104 108 140 133 March 109 111 108 105 119 92 97 105 108 141 133 April 109 119 101 96 119 93 98 102 111 147 127 May 108 113 108 94 119 90 100 102 111 149 132 June .-- 109 113 106 93 117 91 107 105 115 153 136 July 110 123 100 89 118 84 116 106 113 155 147 August 111 120 105 90 119 88 119 104 117 160 152 September 114 126 107 94 119 86 126 103 117 162 161 October 116 128 110 99 117 90 126 101 121 160 168 November 118 127 113 103 122 93 129 99 126 159 162 Decesmber 120 127 114 105 124 94 138 100 127 158 162 1929 January — 120 126 116 104 124 94 142 101 125 159 154 February 119 128 114 101 123 86 143 101 124 161 149 March 120 130 117 95 126 91 143 101 129 161 151 April 122 131 119 101 123 94 143 103 136 165 149 May 123 139 119 95 125 93 142 106 137 167 148 June 127 148 120 96 127 94 153 108 126 170 146 July — 125 149 117 96 125 95 141 105 127 171 140 August 122 139 118 99 126 93 131 107 123 176 122 September 121 136 116 99 130 92 122 108 125 174 113 October 119 126 118 97 127 89 123 110 123 178 115 November 110 108 108 97 " 124 87 113 109 119 171 107 December 101 95 99 96 121 85 65 102 113 167 1930 January 105 107 103 97 121 74 97 103 105 160 112 February 107 118 100 94 122 78 102 100 102 166 105 March 104 109 99 90 120 82 98 100 103 165 104 April 104 107 95 95 120 78 102 103 105 171 110 May -__.._ 101 104 88 97 117 76 101 99 100 171 108 June 97 102 83 92 115 70 91 96 96 166 106 July. 92 91 84 94 111 63 75 92 96 164 93 August 89 90 80 91 109 59 62 93 95 162 99 September 89 83 " 88 96 108 54 62 93 97 163 85 October. - 86 76 90 96 107 50 49 88 95 157 90 November 85 71 93 95 103 43 74 82 86 148 90 December 82 63 90 89 101 45 85 82 85 148 93 1931 January 83 71 94 107 47 81 77 141 94 February 86 74 95 92 109 44 89 79 146 92 March 87 77 97 87 110 48 94 76 150 97 April 87 71 96 95 109 47 103 73 159 96 May 87 67 97 89 111 48 107 73 161 115 June 82 61 96 83 107 47 99 68 159 108 July 82 58 100 87 109 42 98 65 160 114 August 78 50 99 88 105 38 102 65 161 94 September 75 45 100 93 104 36 95 65 159 80 October 71 45 92 100 33 81 64 158 76 November 71 51 91 99 27 77 59 155 84 December 73 42 97 99 27 82 62 149 Back figures of monthly series.—For index of manufactures, 1919-1927 (all industries), see Table 130. Tables showing indexes, both adjusted and unadjusted, by groups and by industries, 1923-1931, may be Digitized for FobRtaAinSeEd Rfr om the Division of Research and Statistics. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BUSINESS CONDITIONS 207 No. 132.— INDEX OF PRODUCTION OF MINERALS, BY INDUSTRIES [Monthly series adjusted for seasonal variations. 1923-1925=100] Year and month A d t l r l u i e s i - s n- m B c in o it o a u u l - s An c c o t i h t a e r l a- P l c e r e u u t m r d o e , - m I s r o h e o r i n n p e t - - s ( C m o i p n p e e d r ) Zinc Lead Silver 1919 77 89 109 52 91 81 1920 89 109 110 61 113 85 87 1921 70 79 112 64 36 30 39 66 84 1922 74 78 65 75 82 62 68 77 87 1923 105 108 115 99 114 93 96 88 103 1924 96 93 109 97 82 100 97 102 101 1925 99 99 76 104 104 107 107 110 96 1926 108 110 104 105 113 110 116 116 95 1927 107 99 99 122 98 105 111 112 93 1928 106 96 93 122 104 115 112 106 88 1929 115 102 91 137 126 127 114 113 94 1930 99 89 86 122 90 87 91 97 79 1931 _ _ 84 72 73 116 45 66 54 68 49 1928 January 103 94 81 121 102 105 104 91 February 102 93 82 120 104 107 110 82 March 105 97 91 120 102 112 109 93 April 105 92 102 120 104 113 101 89 May 106 95 110 119 82 110 113 101 87 June 102 93 83 118 108 110 117 100 93 July 102 95 77 119 106 113 117 98 82 August 105 93 94 122 104 116 120 107 89 September __ _ 107 95 92 123 113 123 114 115 82 October 111 101 98 126 129 11.0 109 81 November 114 101 111 127 120 133 111 111 88 December 111 98 94 131 133 106 109 96 1929 January 116 105 95 137 129 102 116 92 February 119 111 97 136 136 106 111 91 March .__ _ 109 90 86 133 135 110 111 90 April 114 102 90 133 142 116 112 103 May _ 117 1 105 86 134 146 139 121 121 97 June 114 102 84 135 128 124 120 110 95 July 116 103 84 143 121 122 124 114 96 August 115 99 80 145 121 119 127 113 94 September 118 103 101 140 123 125 120 117 93 October _. 116 103 91 140 107 123 119 117 96 November 110 98 88 132 112 118 106 113 106 December 116 104 113 133 115 98 101 84 1930 January 110 101 94 133 101 104 92 87 February ._. . 108 93 91 134 95 98 108 98 March__ 98 82 80 126 88 96 103 86 Auril 104 98 71 128 90 94 108 88 May 104 1 93 85 128 106 90 94 100 82 June-- 102 90 89 125 108 86 99 95 77 July 100 87 99 121 97 83 91 100 76 August 96 83 89 117 96 84 94 102 72 September, __ 94 86 78 114 80 89 93 98 76 October 95 88 85 115 74 83 90 91 71 November 92 87 82 114 58 83 70 80 67 December 93 86 89 110 76 68 89 68 1931 January 88 77 82 110 72 65 80 64 February 86 73 81 109 76 65 79 60 March 89 76 84 112 70 65 76 60 April 91 77 82 120 69 61 69 54 May._ 87 75 75 122 28 68 54 75 53 June _- 86 74 75 122 46 67 54 58 47 July 86 74 70 123 56 59 49 62 47 August... __ 79 70 62 107 59 59 49 66 45 September _ 77 70 65 103 52 60 49 65 42 October- 82 71 74 116 41 60 47 66 41 November 81 67 66 123 12 64 45 58 38 December 84 64 69 121 66 45 62 43 Back figures of monthly series.—For index of minerals (all industries), 1919-1927, see Table 130. Tables showing indexes, both adjusted and unadjusted, by industries, 1923-1931, may be obtained from the Division of Research and Statistics. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 133.—INDEX OF FACTORY EMPLOYMENT, BY GROUPS to o 00 [1923-1925=100] Transportation Year and month d f m i u n a A g c s a t t n l r u i l u i n r e - - - s s I a t r n e o e d n l Ma e c ry hin- Textiles p F u r o c o o t d s d - P p a r i a n n i p n g d e t- r b L p e u r r u c o m a t d s n - - d Gr e o q u u p ipm m A e o n u b t t i o le - s L p e u a r a c n o t t d h d s e - r Ce c g a m l l n a a d e y ss n , t, f m e N r e r o t o a n u l - s s Gro C u h p emic P l a e e l u t s r m o- R p u u r c o b t d b s - er T p o u r b c o a t d s c - co refining 1919 106.7 99.7 117.2 97.8 109.0 96.8 93.2 96.3 85.2 107.5 84.7 114.6 108.3 112.9 1920 107. 9 107.0 128.9 98.3 103.8 104.4 88.1 104.2 88.2 98.5 89.1 121.3 . 1 111.7 1921 82.4 65.4 77.0 93.0 94.8 89.1 74.5 71.7 52.9 87.8 73.6 74.5 70.8 110.5 1922 90.1 83.9 82.2 97.3 95.5 92.7 95.5 78.3 72.0 97.6 88.1 90.1 81.0 107.2 1923 104.2 104.4 107.7 105.3 102.0 99.3 100.9 106.9 100.6 106.2 100. 8 107.1 101.5 102.9 102.5 105.8 1924 96.2 97.2 93.6 95.2 100.0 99.8 98.1 94.9 93.5 96.3 99.0 95.1 95.9 96.5 91.8 98.8 1925 99.6 98.4 98.7 99.6 98.0 10J.0 101.0 98.3 105. 8 97.5 100.2 97.9 102.6 100. 6 105.7 95.4 1926. 101.4 101. 3 107.9 97.9 98.5 103.6 100. 5 98.3 104.8 96.8 101.9 99.5 108.8 110.2 104.6 90.8 1927. 98.8 96.8 100. 0 100. 8 99. 1 103.1 92.3 88.4 91.6 97.3 97.5 97.4 107.9 110.2 104.0 93.6 1928. 97.2 95.4 98.7 95.1 98.6 101.7 88.1 90.6 108. 8 93.5 92.3 96.6 105.3 102.4 108.6 93.8 1929. 101. 1 98.9 116. 1 96.9 99.7 104.2 88.2 94.6 114.3 93.7 89.6 101.1 112.3 116.4 108.3 91.6 1930. 87.8 87.1 97.4 84.7 94.7 101.2 69.1 76. 1 81.8 85.9 75.6 78.1 104.5 111.9 82.7 87.4 1931. 74.4 71.7 72.5 77.9 88.5 93.0 52.2 60.4 66.1 80.1 61.7 64.6 89.0 88.8 71.9 79.3 Without seasonal adjustment 1928—January 94.2 91.0 92.8 99.7 96.8 103.0 85.3 83.0 89.7 96.2 85.9 89.8 103.3 101. 1 105.1 88.5 February... 95.7 94.0 94. 1 100.7 97.8 102.4 85.4 86.1 98.3 97.9 86.5 93.6 106.5 100.8 107.6 92.4 March 96.6 95.4 95.5 100.3 97.4 101.4 86.7 88.2 102.6 97.3 89, 4 94.6 110.4 101.0 106.0 93.5 April 96.0 95.3 95.9 97.0 95.6 100.3 87.5 89.7 105.2 92.4 91.8 95.9 109.9 99.4 105.7 91.1 May 95.7 95.7 97.4 93.4 96.1 100.6 87.4 92.4 111.3 89.8 95.3 95.9 101. 5 99.2 105.4 92.2 June 96.2 95.5 98.2 91.8 97.6 100.5 88.3 92.4 111.3 89.7 96.2 96.0 101.0 101.5 105. 4 93.0 July 95.7 93.6 97.9 87.8 97.9 100. 5 87.5 91.6 111.2 94.0 94.6 95.3 100.4 102.6 110.7 88.0 August 98.3 95.9 99.5 89.4 97.4 100.8 89. 5 94.2 118.1 95.9 96.6 96.0 101.3 103.9 111.6 94.7 September.. 100.3 96.4 101.4 92.6 100.5 101.1 90.4 95.4 121. 5 96. 1 96.0 97.6 106.8 105. 8 113.4 96.7 October 100.2 96.9 102.8 95.7 102.6 102.4 90.6 94.4 119.8 94.6 94.1 1C0.0 107.4 104. 3 113.2 99.1 November,. 98.8 97.7 103.8 96.2 101.9 103.7 90.5 90.2 109.1 89.3 91.8 102.2 107.3 104.0 109.8 98.9 December. _ 98.1 97.1 105.2 97.0 102.0 103.6 88.2 89.9 107.7 88.6 89.5 102.4 107.8 104.7 109.6 95.7 1929—January 97.4 97. 1 106.7 95.9 98.6 102.5 85.5 94.0 118.3 91.9 84.3 102. 4 107. 6 104.0 112.2 84.1 February... 99.8 98.3 110.4 98.0 98.8 103.4 85.8 99.0 129.5 94.1 84.5 106. 1 110.9 106.7 112.3 92.0 March 101.4 99.3 113.8 101.1 97.6 103.1 86.6 100.5 131.1 92.7 86.8 107.9 115.5 109.2 113.3 92.0 April 102.1 99.7 116.7 99.3 96.2 102.5 88.2 101.7 131.4 90.6 90.5 107.7 119.0 111.9 114.3 91.3 May 101. 9 100.7 119.1 97.3 97.3 102.8 89.2 101.5 130.0 90.3 93.1 105.3 110.3 114.4 115.3 90.3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
June 102.0 100.8 120.8 96.3 99.2 103.2 90. C 97.6 120.6 89.4 93.8 102.9 107.9 116.4 115.0 91.4 July 102.1 99.8 121. 5 91.5 99.8 103. 6 90.5 96.4 117.8 94.6 91.6 100.5 108.9 120.0 114.2 90.5 August 104.0 101.0 119.4 94.2 99.7 104. 1 92.2 95.5 115.0 98. 1 93.8 99.8 111.2 121.9 111.5 93.0 September. 105.4 101.0 119.5 98.4 102.4 106.0 91.8 94.8 113. 1 99.5 93.6 98.6 114.5 124.0 108.3 93.7 October, _. 103.3 99.4 118.7 99.8 104. 2 106.1 90.1 90.2 101.3 99.3 91.9 98.4 116. 1 124.6 102.7 95.0 November. 98.9 97.0 115.0 97.1 101.6 106.7 86.7 82.9 83.7 94.4 88.9 93.6 113.8 123.7 91.2 96.1 December. 95.2 92.2 112.1 94.3 100.4 106.9 81.6 81.3 79.6 90.0 82.3 89.9 111.8 120.9 89.2 89.2 1930—January... 93.2 91.7 109.9 92.8 97.4 105.1 76.8 83.2 85.7 91.4 74.7 85.9 110.6 120.8 89.7 84.2 February.. 93.3 93.5 109.3 92.9 96.7 104.0 75.0 83.9 89.7 92.4 75.3 84.6 110.2 120.9 87.9 March 93.1 92.8 108.5 92.9 95.0 103.7 75.0 83.2 91.0 91.5 78.4 84.3 112.5 118. 5 87.2 April _ 92.6 93.0 106.9 90.3 94.0 102.6 74.2 84.0 93.9 89.8 81.2 82.9 111.7 116.1 88.6 88.0 May 90.9 92.7 103.6 86.8 94.5 102.4 73.4 84.0 95.3 86.8 81.7 81.2 104.6 114.1 88.3 89.4 June 88.8 90.0 100.1 83.6 95.6 101.5 71.7 80.2 88.8 84.5 80.4 80.2 101.8 114.0 88.0 89.2 July 85.5 86.1 95.2 76.6 95.0 100.5 68.2 74.8 81.0 86.6 75.8 77.7 101.0 113.6 82.7 88.2 August 85.1 83.6 90.9 77.9 92.9 99.7 66.5 72.1 76.3 87.4 74.8 75.1 101.5 112.2 81.0 84.0 September. 86.4 82.3 89.8 82.2 95.2 98.6 64.5 70.3 73.2 86.1 74.5 72.5 102.7 108.5 77.4 87.7 October. _. 84.3 81.6 87.4 82.4 94.7 98.8 64.3 67.0 69.6 83.1 73.2 71.6 101.4 104.1 75.3 88.0 November. 81.0 79.8 84.7 80.1 93.6 98.4 61.6 64.9 67.9 76.9 70.4 70.9 98.6 99.8 72.6 87.1 W December. 78.8 78.0 83.3 78.1 92.3 98.4 58.4 65.3 69.0 74.5 66.4 70.2 97.8 99.6 73.2 in 1931—January... 76.4 76.1 81.0 76.0 90.1 96.3 54.4 65.2 68.3 77.5 59.4 68.4 96.2 97.8 73.0 75.4 M February.. 77.3 76.5 81.1 79.4 89.4 95. 1 54.6 65.2 69.8 80.3 60.7 68.1 95.6 96.2 72.0 83.4 March 78. 1 77.7 80.4 82.7 88.1 95.0 54.4 65.7 73.4 83.2 63. 1 68.8 93.3 86.3 69.0 82.9 in April 77.9 77.4 78.9 81.8 87.3 94. 6 54.6 66.2 75.1 82.4 65.7 68.1 96.7 94.0 71.1 80.2 May 77. 1 75.7 76.8 80.6 88.3 94.6 54.9 66. 1 77.3 80.8 67.3 67.4 91.4 94.4 74.3 80.7 o June 75.0 72.6 73.9 76.7 88.4 92.7 54.3 63.5 72.6 79.7 67.0 65.4 86.7 91.1 75.6 79.9 o July 73.8 71.1 70.4 75.2 87.8 92.0 52.2 60.2 67.2 84.6 63.7 63.4 86.2 89.0 74.1 79.4 3 August 74.2 69.9 67.7 77.8 87.9 91.7 52. 1 58.7 65.4 86.7 62.6 62.3 84.4 86.4 71.5 79.1 September. 74.7 68.0 67.0 79.8 89.7 90.8 51.1 57.7 63.9 84.2 61.7 61.7 86.0 84.4 71.7 79.5 October. _. 71.4 66.3 65.2 77.4 89.2 91.4 50. 1 51.5 50.5 79.2 59.0 60.8 85.7 83.0 70.2 79.9 November. 68.7 65.0 63.8 74.3 88.0 91.0 48.4 50.6 49.9 69.6 56.3 60.8 83.5 81.4 70.7 79.3 December. 67.9 64.4 63.8 72.9 87.9 90.8 45.2 54.4 60.2 73.2 53.3 60.3 82.0 81.3 69.8 71.7 Back figures of monthly series.—See Federal Reserve Bulletin for November, 1929, and November, 1930, for data back to January, 1919. 8 SO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 133.—INDEX OF FACTORY EMPLOYMENT, BY GROUPS—Continued to o Transportation Year and month d f m i u n a A c s g a t t n l r u i l i u n r e - - - s I a r n o d n Ma e c ry hin- Textiles p F u r o c o o t d s d - P p a r i a n n i p n g d e t- r b L p e u r r u c o m a t d s n - - d Gr e o q u u p ipm m A e o n u b t t i o le - s L p e u a r a c n o t t d h d s e - r C c e g a l m l n a a d y s e s , nt, f m e N r e r o t o n a u l - s s Gro C u h p emic P l a e e l u t s r m o- Ra p u r b c o b t d s e - r T p o u r b c o a t d c s - co refining Adjusted for seasonal variation 1928—January 96.1 92.8 93.8 98.6 98.2 102.2 88.0 85.4 94.4 95.5 93.6 90.9 103.6 103.1 105.4 February. _. 96.1 93.2 93.4 98.0 98.8 102.2 87.9 85.9 96.9 95.4 93.3 91.7 104.9 102.2 106.4 March 96.1 94.0 94.1 96.7 99.4 101.1 88.6 86.3 98.1 95.3 92.7 91.4 105.1 102.1 105.0 93.7 April 95.7 94.0 94.7 95.2 99.2 100.8 88.3 86.6 99.0 94.2 91.2 93.6 103.8 99.4 104.7 93.7 May _. 96.1 94,6 96.7 94.2 98.9 101.4 87.8 88.7 103.0 93.6 92.4 94.7 103.4 99.4 104.7 93.7 June ._ 96.7 95.4 97.6 94.0 97.8 101.4 88.0 91. 1 108.9 94.0 92.2 96.0 105.0 100.5 105.0 93.6 July— 96.6 95.1 97.9 92.8 98.2 101.6 87.1 91.7 111.7 94.7 92.4 96.6 104.9 100.4 110.7 89.9 August 97.3 96.2 99.7 92.8 97.6 102.1 88.0 93.2 115.4 93.3 92.5 97.4 104.4 102.0 110.8 95.7 September.. 97.7 95.7 101.9 93.3 98.0 101.4 87.9 94.5 119.2 92.7 92.3 99.1 106.3 103.9 111.0 93.8 October 98.3 96.6 103.6 94.0 98.2 102.0 88.1 94.4 119.8 91.8 91.9 101.4 107. 1 104.5 113.8 93.9 November.. 99.3 98.2 105.2 95.2 99.4 102.3 89.0 95.4 121.2 90.1 91.2 103.4 107.0 105.1 114.4 93.8 December.. 98.5 106.4 96.0 100.2 101.7 88.7 95.6 121. 7 91.1 92.4 103.9 108.0 106.0 112.3 93.8 1929—January 99.0 107.8 95.2 99.9 101.7 88.4 96.9 124. 6 91.4 91.9 103.6 108.0 106.0 113.2 90.8 February.._ 100.3 97.6 109.8 95.4 99.8 103.2 88.4 98.6 127. 6 91.7 90.9 104.0 109.5 108.1 111.4 92.9 March 100.9 97.8 112.0 97.4 99.5 102.8 88.5 98.0 125.3 91.5 90.0 104.2 110.4 110.3 112.6 92.6 April 101.7 98.5 115.2 97.5 99.6 103.0 89.3 98.0 123.6 92.4 89.9 105. 1 112.0 111.9 113.3 93.3 May 102. 4 99.5 118.3 98.1 100.0 103.6 89.7 97.0 119.8 94.1 90.2 104.0 112.2 114.6 114.6 91.9 June 102.7 100.8 120.1 98.6 99.4 104.2 89.8 96.2 118.0 94. 1 89.9 102.9 111.8 115.3 114 7 92.0 July 102.8 101.3 121.5 96.6 100.1 104.8 I 90. 1 96.4 118.2 94.9 89.6 101.9 113.4 117.4 113.8 92.6 August 102.7 101.4 119.6 97.8 99.9 105.4 90.5 94.5 112.2 95.4 89.7 101.2 114.4 119. 7 110.3 93.6 September.. 102.4 100.2 120.1 98.7 99.9 106.3 89.1 93.7 109.8 95.6 100.1 114.0 121.8 105.6 90.9 October 101.3 99.1 119.5 97.9 99.8 105.6 87.2 90.4 101.3 96.0 99.9 115.8 124.9 102.9 89.9 November,. 99.3 97.4 116.4 96.2 99.1 105.2 85.0 87.3 93.8 95.1 88.4 94.8 113.4 124.9 94.4 90.9 December. _ 96.9 93.6 113.3 93.4 98.7 105.0 82.1 86.0 91.0 92.6 85.0 91.1 111.9 122.4 90.8 87.4 1930—January 95.6 93.6 111.0 92.2 98.7 104.3 85.6 90.7 90.9 81.2 111.1 123.1 90.4 90.8 February... 93.9 92.8 108.6 90.3 97.6 103.8 77.4 83.6 88.4 90.2 80.7 82.9 109.0 122.4 87.3 90.1 March 92.9 91.6 106. 9 89.4 96.9 103.4 76.8 81.4 87.0 90.4 81.1 81.6 107. 5 119.7 86.8 90.2 April 92.4 91.9 105.6 88.6 97.5 103.1 75.2 81.0 87.9 91.5 80.7 81.0 105.6 116.1 88.0 90.1 May 91.4 91.6 102.8 87.4 97.1 103.2 73.9 80.4 87.4 90.4 79.3 80.2 106.5 114.3 88.0 90.9 June 89.7 90.0 99.5 85.7 95.8 102.4 71.6 78.9 86.5 88.9 77.1 80.3 105.7 113.0 88.0 89.7 July. 86.6 87.3 95.2 81.0 95.2 101.7 67.8 74.9 81.4 86.8 74.3 78.7 105.4 111.1 82.4 90.4 August 84.4 83.9 90.8 81.0 93.0 101.1 65.1 71.7 74.8 85.1 71.4 76.1 104.4 110.1 80.0 84.1 September.. 83.4 81.7 90.2 82.4 92.9 99.0 62.4 69. 7 71. 1 82.7 71.7 73.6 102.3 106.6 75.3 85.1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
October. _. 82.2 81.3 88.0 80.7 90.9 98.4 62.1 67.2 69.6 80.2 71.4 72.6 101.1 104.3 75.4 83.5 November. 81.1 80.2 85.7 79.4 91.4 97.0 60.4 68.6 76.4 77.4 70.0 71.8 98.3 100.8 75.2 82.0 December. 80.1 79.1 84.2 77.4 90.8 96.7 58.8 69.4 78.9 76.6 68.6 71.2 97.9 100.8 74.7 83.5 1931—January... 78.3 77.5 81.9 75.5 91.2 95.6 56.3 67.1 72.3 77.1 64.4 69.2 96.6 99.7 73.7 81.3 February.. 77.8 75.9 80.6 77.2 90.3 94.9 56.3 64.9 68.8 78.4 65.0 66.8 94.5 97.4 71.4 84.6 March 77.9 76.6 79.3 79.7 89.9 94.7 55.7 64.3 70.2 82.2 65.2 66.6 89.8 87.2 68.4 83.4 April 78.0 76.5 78.0 80.2 90.6 95.0 55.4 63.8 70.3 84.0 65.2 66.5 91.7 94.0 70.5 82.1 May 77.8 74.8 76.3 81.2 90.8 95.3 55.4 63.2 70.9 84.2 65.4 66.6 93.0 94.5 74.0 82.1 June 76.0 72.6 73.4 78.6 88.7 93.6 54.4 62.4 70.7 83.9 64.4 65.4 89.6 90.2 75.7 80.4 July 75.1 72.1 70.3 79.6 88.1 93.0 52.0 60.2 67.6 84.8 62.7 64.2 89.4 87.1 73.8 81.4 August 74.1 70.3 67.7 80.9 88.1 93.0 51.1 58.3 64.2 84.3 60.1 63.1 86.6 84.8 70.5 79.1 September. 72.8 67.4 67.3 80.0 87.5 91.1 49.4 57.2 62.0 80.9 59.4 62.5 85.7 82.9 69.8 77.2 October... 70.3 66.2 65.6 76.0 85.5 91.0 48.4 51.7 50.5 76.4 57.6 61.7 85.4 83.2 70.3 75.8 November. 69.3 65.3 64.6 73.6 85.9 89.7 47.4 53.4 56.1 70.1 55.9 61.4 83.1 82.2 73.3 74.8 December. 69.4 65.4 64.5 72.2 86.3 89.2 45.4 58.0 68.8 75.3 55.0 61.1 81.9 82.3 71.3 70.4 d 02 M3 fed a o 3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
No. 134.—INDEX OF FACTORY PA'S ROLLS, BY GROUPS to to [Without seasonal adjustment. 1923-1925 = 100] Year and month i m f n a A g c a t n l u i l u n r - - - s I a t r n e o e d n l Ma e c ry hin- Textiles p F u r o c o o t d s d - P p a i r a n n i p n g d e t r - b L p e u r r u c o m a t d s n - - d Tr e a q n u s i p p o m rt A e a n t u i t t o o n - L p e u a r a c n o t t d h d s e - r Ce c g a l m l n a a d s y e s , nt, f m e N r e r o t o a n u l - s s Chemic P a e ls tro- R p u u r b c o t b d s e - r T p o u r b c o a t d c s - co dustries Group mobiles Group re l f e i u n m ing 1919 98.1 98.0 104.1 90.0 98.0 74.2 89.2 88.8 74.9 99.0 72.6 99.3 100.1 107.2 1920 118.1 123.8 135.6 107.8 109.2 100.3 109.2 111.5 90.4 105.9 93.0 130.4 113.7 124.6 1921 76.8 55.8 69.6 89.2 93.3 83.3 68.0 72.7 48.7 87.0 67.4 66.7 66.9 104.6 1922 81.1 69.9 72.8 91.0 90.2 86.1 82.1 76.4 66.2 96.0 73.2 82.3 73.7 99.2 1923 _- .-- 103.4 103.8 107.0 105.8 100.1 96.1 100.0 107.1 100.8 106.8 98.9 105. 3 99.8 102.1 101.5 104.2 1924 95.7 96.7 92.6 94.4 100.5 99.7 98.4 93.2 90.2 95.5 100.7 94.8 96.3 95.2 92.7 99.4 1925 - 100.9 99.4 100.4 99.8 99.4 104.2 101.6 99.7 109.1 97.8 100.3 99.9 103.9 102.7 105.8 96.3 1926 104.3 104.2 111.9 98.4 101.2 110. 4 102.0 99.1 105.2 98.1 101.5 103.0 111.0 111.4 106.2 92.1 1927 102.0 98.5 103.5 104.1 102.4 110.1 95. 1 91.3 93.5 98.6 96.2 100.3 109.7 112.2 108.5 91.1 1928 101.8 99.9 104.7 96.4 102.5 109.8 90.5 97.2 117.6 92.4 90.4 107.1 106.0 105.7 114.8 88.4 1929 107.7 106.0 125.6 99.6 104.4 114.5 90.6 103.4 122.0 93.1 87.0 115.2 113.4 120.2 111.0 87.7 1930 87.4 84.4 96.7 81.9 99.6 110.0 65.8 76.4 76.7 75.4 68.7 79.6 103.9 116.4 80.6 79.4 1931 66.0 55.4 60.4 69.4 88.0 95.9 41.5 54.6 54.5 64.9 48.7 57.3 84.5 89.1 61.4 65.4 1928—January 95.7 89.9 94.5 101.0 100.3 110.6 83.2 83.4 88.2 95.3 82.5 95.7 104.2 104.0 109.4 85.0 February _ _ 101.1 100.3 99.0 105.0 102.0 109.7 87.2 94.1 111.0 101.4 84.3 101.5 106.4 103.5 115.7 85.1 March 102.5 101.6 101.9 104.0 101.3 109.8 89.5 97.9 117.2 99.9 87.3 102.5 108.8 103.4 114.6 86.3 April 100.3 99.7 101.8 95.3 97.5 109.0 89.6 99.4 119.3 86.0 90.5 102.4 108.7 104.2 113.0 80.3 May 100.8 102.1 104.2 92.0 100.2 108.9 90.5 100.9 124.2 82.9 94.0 105.3 103.4 101.6 109.3 84.1 June 100.9 99.6 106.1 90.9 102.8 109.0 91.3 98.5 117.6 87.1 94.0 104.8 102.9 104.2 112.5 89.7 July . 98.3 93.8 102.5 85.8 103.1 107.3 88.3 94.8 115.2 94.3 91.0 101.2 102.5 107.1 114.8 84.9 August 102.5 99.8 105.3 90.2 101.5 107.5 91.5 100.4 128.3 100.4 95.1 106.7 103.6 108.6 117.9 88.7 September 104.2 99.1 106.0 94.9 104.3 109.2 93.4 100. 1 129.0 99.6 92.8 109.4 106.3 109.3 123.8 92.9 October 107.4 105.1 111.3 101.0 106.0 111.5 95.8 104.7 134.1 95.9 94.1 116.6 109.2 107.8 120.4 95.2 November 103.6 105.1 110.3 96.7 104.9 111.7 94.4 96.1 114.5 80.1 90.7 118.5 108.2 107.1 112.4 94.1 December 104.2 103.3 114.0 100.3 106.3 113.7 90.8 95.8 112.4 86.0 88.4 120.5 108.1 107.2 114.1 94.3 1929—January - 100.8 101.3 112.3 97.© 102.2 111.4 83.4 93.6 114. 5 90.2 79.0 117.4 106.3 105.3 111.7 76.3 February 108.1 107.2 120.7 103.6 102.5 113.0 86.5 111.4 147.4 94.5 81.0 124.1 111.3 110.2 123.3 82.3 March .. - 110.8 108.5 126.5 108.8 101.2 114.9 88.4 113.9 148.2 91.4 84.8 127.6 113.6 112.1 123.6 84.4 April 111.4 110.5 129.5 103.2 100.4 113.3 90.9 117.0 152.0 87.9 89.3 127.0 117.8 117.1 124.4 86.1 May - 111.4 111.6 131.9 99.3 103.1 114.3 92.8 116.0 147.1 88.1 91.8 123.1 113.1 118.9 125.7 86.1 June 109.7 ' 109.9 131.6 97.8 1C5.6 113.6 92.2 107.9 130.9 89.8 92.5 117.0 111.2 120.0 120.6 88.5 July 105.7 103.5 128.2 90.4 105. 6 111.4 93 5 97.1 110.2 97.8 86.1 112.6 111.2 123.3 115.1 87.9 August __ 110.6 ! 109.3 127.5 97.4 105.0 112.8 94.7 108.8 128.0 105.0 91.2 113. 2 113.0 125.1 110.9 90.6 September 111.9 ! 108.9 127.9 103.0 108.1 116.3 96.6 103.3 120.3 104. 3 J 91.3 112.1 116.0 129.3 104.9 93.4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
October--. 110.9 107.9 129.0 104.8 108.8 117.8 96.8 99.8 108.0 100.0 90.6 112.5 118.2 129.4 100.9 94.2 November. 102.5 100.0 121.6 98.2 105.5 117.2 89.2 89.4 84.3 83.9 86.4 99.6 115.6 126.3 85.9 94.3 December _ 99.1 93.5 119.9 93.8 105.5 118.2 '82. 7 85.6 72.9 84.1 80.2 96.1 114.0 124.8 85.0 1930—January... 94.4 90.5 113.8 92.2 102.5 114.9 72.8 80.9 74.0 85.4 67.3 91.5 109.3 121.1 88.9 77.0 February.. 97.7 98.1 115.2 94.1 101.6 114.9 72'. 6 89.8 92.7 86.2 70.2 91.7 110.0 125.0 92.1 80.0 March 98.2 97.1 115.1 98.6 99.7 115.0 74.6 90.6 97.3 85.2 73.4 91.0 111.6 123.1 90.0 81.0 April 97.1 97.7 113.4 89.3 99.7 113.5 73. 8 92.0 100.8 81.6 77.1 88.3 110.9 122.1 94.5 77.1 May 94.4 95.5 108.3 82.7 100.7 113.3 73.2 91.1 101.7 75.6 76.9 84.4 106.6 120.4 95.4 82.1 June 90.7 90.8 102.7 77.8 102.3 111.9 70.9 83.8 89.2 73.8 76.1 85.0 105. 3 121.7 88.3 84.4 July 82.6 78.6 90.9 69.2 100.2 107.3 63.0 71.7 72.4 78.6 66.4 76.0 100.8 118.1 80.8 81.9 August 81.7 77.5 85.8 73.2 97.6 106.9 61.6 66.3 58.1 80.0 66.4 72.0 100.7 117.2 77.6 77.2 September. 83.0 75.4 84.2 81.2 100.8 103. 3 60.9 66.0 62.4 76.2 66.4 70.7 101.3 113.8 71.8 80.0 October 80.8 75.8 81.4 80.3 98.4 105.4 60.4 62.8 58.4 69.7 66.4 69.4 99.9 109.3 65.9 78.0 November. 75.1 68.9 75.1 73.4 96.5 105.0 54.7 60.8 57.4 55.0 60.9 67.3 96.1 103.2 58.7 76.8 December. 73.7 68.7 75.0 72.2 94.9 105.7 50.4 60.8 55.5 58.1 56.3 67.9 94.7 101.4 62.6 77.7 931—January 68.4 62.4 69.9 68.4 93.3 101.3 44.0 51.8 40.0 60.6 46.6 64.1 90.4 99.3 63.8 64.3 February.. 73.2 67.5 71.9 76.9 91.6 100.7 45.6 62.2 61.1 68.8 51.4 64.4 92.9 100.8 63.8 65.3 March 74.9 70.0 72.0 81.9 89.2 101.9 46.2 64.1 67.7 73.4 54.0 66.3 89.8 90.8 63.2 68.3 April 73.6 69.1 69.7 76.8 88.2 100. 6 44.9 65.3 70.8 70.6 55.7 65.4 92.0 96.7 66.8 65.7 May 72.2 64.9 67.8 71.7 89.7 100.0 45.7 66.1 75.6 68.7 56.7 63.4 88.4 96.1 71.0 68.3 June 67.6 57.6 62.4 66.7 89.7 98.6 44.6 58.8 62.1 66.7 54.4 59.1 84.1 91.1 72.4 68.6 J A u u ly gust 6 6 4 4 . . 4 3 5 5 2 0 . . 4 6 5 5 4 7. . 4 9 6 7 5 0 . . 9 2 8 8 8 6 . . 2 7 9 9 3 3 . . 6 1 4 4 1 1 . . 7 3 5 5 2 0 . . 7 9 5 50 3 . . 4 2 7 7 2 5 . . 6 5 4 4 8 9. . 4 1 5 5 2 4 . . 9 5 8 8 0 2 . . 4 9 8 8 9 5 . . 6 6 6 6 2 4 . . 2 0 6 6 6 7 . . 3 5 in September. 61.8 45.2 51.2 71.0 87.4 90.4 40.3 45.6 41.5 67.7 46.1 50.2 80.8 83.0 54.6 62.7 CD October 59.4 43.9 50.2 66.0 85.9 91.4 38.2 45.3 41.4 56.4 43.9 49.9 80.8 80.8 53.7 64.6 o November. 56.2 41.2 48.3 59.3 83.2 90.6 34.4 45.2 42.3 47.0 40.9 48.8 76.4 77.9 50.1 64.5 o December. 55.8 41.0 48.9 58.1 82.7 91.0 31.2 47.1 48.0 50.3 37.4 48.6 75.0 77.8 52.0 58.9 Back figures of monthly series.—See Federal Keserve Bulletin for November, 1929, for data back to January, 1919 to h-»> CO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
214 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD No. 135.-—INDEX NUMBERS OF WHOLESALE COMMODITY PRICES IN THE UNITED STATES 1 [Index of the U. S. Bureau of Labor Statistics; 1926=100] Other commodities Y m ea o r n a th nd m c t A o i o e m l d s l i - - F p u r a c o r t d m s - Foods Total l H e p u a a r i n c o t d h t d d e s e - s r p T u t r i c e o l t x e d s - - m l F r i a i g i a n u n a h t g e d l e t s l - - M m p u a r e e c n o t t t d d a a s l - l s B m r i i u a n a i t g l l e s d - -C d i a c h r n u a e d g l m s s -H g n f o o i i u n s o u r g h d s - - e s - n c M e e o l i l u s a - s - 1913 _ -_.. 69.8 71.5 64.2 70.0 68.1 57.3 61.3 90.8 56.7 80.2 56.3 93.1 1914 68.1 71.2 64.7 66.4 70.9 54.6 56.6 80.2 52.7 81.4 56.8 89.9 1915 69 5 71.5 65.4 68.0 75.5 54.1 51.8 86.3 53.5 112.0 56.0 86.9 1916 85.5 84.4 75.7 88.3 93.4 70.4 74.3 116. 5 67.6 160.7 61.4 100.6 1917 117.5 129.0 104.5 114. 2 123.8 98.7 105. 4 150.6 88.2 165.0 74.2 122.1 1918 . . 131.3 148.0 119.1 124.6 125.7 137.2 109.2 136. 5 98.6 182.3 93.3 134.4 1919 138.6 157.6 129.5 128.8 174.1 135.3 104.3 130.9 115.6 157.0 105.9 139.1 1920 154 4 150.7 137.4 161.3 171.3 164.8 163.7 149.4 150.1 164.7 141.8 167.5 1921 07.6 88.4 90.6 104.9 109.2 94.5 96.8 117. 5 97.4 115.0 113.0 109.2 1922 96 7 93.8 87.6 102.4 104.6 100.2 107.3 102.9 97.3 100.3 103. 5 92.8 1923 100 6 98.6 92.7 104.3 104.2 111.3 97.3 109.3 108.7 101.1 108.9 99.7 1924 98.1 100.0 91.0 99.7 101.5 106.7 92.0 106.3 102.3 98.9 104.9 93.6 1925 103 5 109.8 100.2 102.6 105.3 108.3 96. 5 103.2 101.7 101.8 103.1 109.0 1926 (base) 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100. 0 100.0 100.0 100.0 100.0 1927..... _-. 95.4 99.4 96.7 94.0 107.7 95.6 88.3 96.3 94.7 96.8 97.5 91.0 1928 96.7 105.9 101.0 92.9 121.4 95.5 84.3 97.0 94.1 95.6 95.1 85.4 1929 95.3 104.9 99.9 91.6 109.1 90.4 83.0 100. 5 95.4 94.2 94.3 82.6 1930 _.. 86.4 88.3 90.5 85.2 100.0 80.3 78.5 92.1 89.9 89.1 92.7 77.7 1931 73 0 64.8 74.6 75.0 86.1 66.3 67.5 84.5 79.2 79.3 84.9 69.8 1926 January 103 2 107.4 102.6 102.5 103.3 105.8 98.8 99.9 101.3 101.5 101.1 110.0 February 102.0 105.1 100.6 101.7 101.5 105.0 99.2 99.7 100.9 100.7 101.0 106.3 March 100.6 101.7 99.3 100.8 100.2 102.7 98.3 99.5 100.5 100.6 100.9 105.0 April 100.3 102.8 100.5 100.0 98.7 101.3 98.0 99.2 99.8 99.8 100.7 103.5 May 100 5 102.4 100.1 100.1 99.0 100.2 100.7 98.7 99.2 1C0.0 100.3 102.5 June 100.4 100.9 100.5 100.1 98.8 99.5 100.9 99.3 99.1 100.6 100.2 101.6 July ..._ 99.5 98.6 98.7 99.4 99.0 98.9 99.6 100.3 99.4 1C0. 3 100.1 97.9 August 99.1 97.2 97.5 99.6 99.6 98.9 100.5 100.7 100.0 99.9 100.0 96.9 September 99.7 99.3 99.8 99.6 98.8 98.8 101.3 100.9 100.0 100.3 99.7 96.0 October 99.4 97.9 100.7 99.4 100.9 97.7 101.1 100.8 100.0 99.3 99.6 95.7 November 98.4 94.7 100.4 99.1 100.3 96.4 102.2 100.7 100.5 98.9 99.6 93.1 December 97.9 94.9 100.6 98.0 100.3 95.4 99.4 100.4 99.9 99.0 98.7 92.2 1927 January 96.5 96.5 97.1 96.5 100.9 94.4 98.2 97.0 98.3 98.0 97.5 91.7 February. 95.8 95.4 96.1 95.8 100.1 94.4 96.6 96.1 97.2 98.0 97.5 91.8 March 94.7 94.2 94.7 94.5 100.4 94.3 91.4 96.1 96.5 97.1 97.5 91.8 April 94 1 94.3 94.9 93.5 101.7 94.5 86.8 95.9 96.5 97.8 97.5 91.9 May 94.2 96.3 95.3 93.4 103.6 94.4 85.9 96.4 96.1 95.6 97.5 91.8 June 94.1 96.5 94.8 93.5 107.1 94.7 86.2 96.2 95.3 96.1 97.7 91.3 July.. 94.3 97.6 94.3 93.4 111.4 94.6 86.2 95.8 94.7 95.6 97.4 90.7 August 95.2 102.3 94. 5 93.6 111.5 96.0 86.0 96.1 94.3 95.6 97.5 91.0 September 96.3 105.9 96.6 93.9 ! 112.5 98.0 86.3 95.8 93.5 96.6 97.5 90.7 October 96 6 105.0 100.0 93.5 I 112.7 97.7 86.0 95.5 93.1 97.1 97.3 89.9 November 96.3 104.3 101.4 93.0 113.9 96.9 85.0 95.3 91.9 97.3 97.6 89.5 December 96.4 104.4 100.7 93.3 116.5 96.6 84.7 96.3 91.6 97.2 97.6 90.1 1928 January 96.4 106.1 100.9 92.8 120.7 96.1 82.8 95.6 92.2 96.2 96.5 90.1 February 95.8 104.5 98.8 92.9 123.8 96.0 83.0 95.7 92.2 96.1 96.4 89.2 March 95.5 J03.5 98.2 92.6 123.7 95.5 82.7 95.9 92.0 95.8 95.9 88.9 April 96 6 107. 0 99.7 92.7 126.3 95.6 82.8 96.0 92.8 95.9 95.5 87.7 Mav 97.5 109.8 101.2 92.9 125.8 95.8 83.5 96.1 93.5 95.5 95.5 87.4 June 96.7 106.7 100.3 92.6 123.3 95.6 83.9 96.4 94.4 95.0 94.8 85.0 July 97.4 108. 5 102.2 92.6 123.8 95.8 84.5 96.3 94.7 94.8 94.7 83.6 Auuust 97.6 106.9 103.8 92.9 120.6 95.5 85.8 97.5 94.9 95.0 94.8 82.6 September 98.6 108.8 106. 5 93.0 120.4 94.9 86.4 97.6 94.9 95.2 94.8 82.9 October.. 96.7 103.4 102.1 92.9 117.2 95.0 86.1 98.0 95.2 95.7 94.1 82.8 November 95.8 101.6 100.0 92.9 115.3 95.0 85.8 98.6 95.8 95.7 94.1 82.7 December 95.8 103.6 98.1 93.0 115.4 95.1 85.3 99.6 95.8 95.8 94.1 82.5 i Figures for 1926 and later years based on 784 price series instead of the 550 formerly used. Back figures.—Available at the Bureau of Labor Statistics. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BUSINESS CONDITIONS 215 No. 135.'—INDEX NUMBERS OF WHOLESALE COMMODITY PRICES IN THE UNITED STATES—Continued [Index of the U. S. Bureau of Labor Statistics; 1926=100] Other commodities All Y m ea o r n a t n h d m c t o o ie m d s i - - F p u r a c o r t d m s - Foods Total l H e p u a a r i n c o t d h t d d e s e - s r p T u t r i c e o l t x e d s - - m l F r i a i g i a u n n a h t d g e l e s t l - - M m p u a r e e c n o t t t d a d a s l - l s B m r i i u a n a i t g l l e s d - -C d i a h c r n u a e d l g m s s -H g n f o o i i u n s o u r h g d s - - s n c M e e o l i l s u a - s - 1929 January, 95.9 105.9 98.9 92.3 113.4 92.5 84.2 100.1 95. 5 95.6 93.9 82.7 February 95.4 105.4 98.1 91.9 108.9 92.3 82.9 100.6 95.9 95.7 93.8 82.7 March 98.1 107.2 98.3 92.1 108.2 92.4 82.1 102.3 96.7 95.3 93.8 82.4 April 95. 5 104.9 98.0 91.8 107.8 91.6 81.9 102.3 96.3 94.7 94.0 81.9 May 94.7 102.2 98.0 91.5 106.7 90.7 82.5 101.2 95. 5 94.1 94.0 82.0 June _- 95.2 103.3 99.1 91 9 107.9 90.1 84.5 101.2 95. 2 93.4 94.6 82.4 July 96.5 107.6 102.9 91.7 109.1 89.6 83.3 101.0 95.1 93.3 94.3 82.8 August 96 3 107.5 103 5 91.4 109.5 89.8 82.2 100.5 95.2 93.6 94.3 82.8 September 96.1 106.6 103.3 91.6 110.6 89.8 82,7 100.3 95.8 93.7 94.3 83.1 October 95.1 104.0 101.4 91.6 110. 3 89.5 83.1 99.8 95. 9 94.0 94.7 83.2 November 93.5 101.1 98.9 90.8 108.3 88.6 83.2 98.7 94.4 93.8 94.6 82.4 December 93.3 101.9 98.7 90.5 107. 3 87.8 83.1 98.5 94.4 93.5 94.7 82.2 1930 January 92.5 101.0 97.3 89.5 105.1 87.2 81.7 97.2 94.3 93.0 93.8 81.3 February 91.4 98.0 95.8 89.0 103.9 86.4 80.9 96.9 94.0 92.3 93.6 81.2 Mar^h - 90.2 94.7 94.3 88. 2 103.2 84.8 79.4 96.6 93.9 91.4 93.5 80.9 April 90.0 95.8 94.9 87.8 102.7 84.0 79.5 95.3 93. 5 91.2 93.5 81.0 May 88.8 93.0 92.2 87.3 102.6 83.4 80.3 93.5 92.4 90.2 93.5 80.4 June 86.8 88.9 90.8 85.7 102.4 81.6 78.9 91.9 89.9 89.4 93.4 78.4 July 84.4 83.1 86.8 84.5 100.8 79.7 78.0 90.8 88.3 93.1 76.6 August 84.3 84.9 87.6 83.6 99.0 78.0 77.9 89.6 87^7 87.9 92.9 76.1 September 84.4 85.3 89.5 83.2 99.2 76.2 79.0 89.0 87.1 87.2 92.3 75. 2 October 83.0 82.5 88.8 82.1 96.6 74.7 77.6 87.9 86.3 86.7 92.1 74.7 November 81.3 79.3 86.2 81.1 94.2 74.2 75. 3 87.8 85.5 86.0 91.5 74.1 December 79.6 75.2 82.4 80.3 91.4 73.7 74.0 87.9 84.8 85.6 88.8 73.5 1931 January.. _ 78.2 73.1 80.7 79.0 88.7 71.3 73.3 86.9 83.8 84.5 88.3 72.2 February 76.8 70.1 78.0 78.3 86.9 70.9 72.5 86.5 82. 5 83.3 88.1 71.5 March 76.0 70.6 77.6 77.2 87.6 70.0 68.3 86.4 82.5 82.9 88.0 72.0 April 74.8 70.1 76.3 75.9 87.5 68.2 65.4 85 7 81.5 81.3 87.9 71. 5 Mav 73.2 67.1 73.8 75.1 87.6 67.4 65.3 85.0 80.0 80.5 86. 8 70.5 June 72.1 65.4 73.3 74.1 88.0 66.6 62.9 84.4 79.3 79.4 86.4 69.7 Julv . _ 72.0 64.9 74.0 73.9 89.4 66.5 62.9 84.3 78.1 78.9 85.7 69.7 August _ 72.1 63.5 74.6 74.2 88.7 65. 5 66.5 83.9 77.6 76.9 84.9 68.3 September 71.2 60.5 73.7 73.9 85.0 64.5 67.4 83.9 77.0 76.3 82.7 68.2 October 70.3 58.8 73.3 72.9 82.5 63.0 67.8 82.8 76.1 75.6 81.0 66.6 November 70.2 58.7 71.0 73.5 81.6 62.2 69.4 82.6 76.2 76.1 80.9 68.7 December 68.6 55.7 69.1 72.3 79.8 60.8 68.3 82.2 75.7 76.1 78. 5 66.8 1 125554—32- -15 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
APPENDIX 217 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RECOMMENDATIONS OF THE FEDERAL ADVISORY COUNCIL TO THE FEDERAL RESERVE BOARD OFFICERS AND MEMBERS OF THE FEDERAL ADVISORY COUNCIL FOR THE YEAR 1931 OFFICERS President, WALTER W. SMITH Vice President, MELVIN A. TRAYLOR Secretary, WALTER LICHTENSTEIN EXECUTIVE COMMITTEE WALTER W. SMITH WALTER S. MCLTJCAS GEORGE H. PRINCE MELVIN A. TRAYLOR HOWARD A. LOEB MEMBERS District No. 1: HERBERT K. HALLETT, chairman Atlantic National Bank, Boston, Mass. District No. 2: ROBERT H. TREMAN, president The Tompkins County National Bank, Ithaca, N. Y. District No. 3: HOWARD A. LOEB, chairman Tradesmen's National Bank & Trust Co., Philadelphia, Pa. District No. 4: J. A. HOUSE, president Guardian Trust Co., Cleveland, Ohio. District No. 5: JOHN POOLE, president Federal American National Bank, Washington, D. C. District No. 6: JOHN K. OTTLEY, president First National Bank, Atlanta, Ga. District No. 7: MELVIN A. TRAYLOR, president First National Bank, Chicago, 111. District No. 8: WALTER W. SMITH, president First National Bank, St. Louis, Mo. District No. 9: GEORGE H. PRINCE, chairman First National Bank, St. Paul, Minn. District No. 10: WALTER S. MCLUCAS, chairman Commerce Trust Co., Kansas City, Mo. District No. 11: J. H. FROST, president Frost National Bank, San Antonio, Tex. District No. 12: HENRY M. ROBINSON, chairman Security-First National Bank, Los Angeles, Calif. NOTE.—The above list is correct as of December 31, 1931. In the earlier part of the year Mr. B. A. McKinney was president of the council and representative of the eleventh Federal reserve district, but in November, 1931, he became governor of the Federal Reserve Bank of Dallas, Tex., and therefore severed his relations with the Federal Advisory Council. Prior to this the executive committee was composed of Messrs. B. A- McKinney, W. W. Smith, H. A. Loeb, M. A. Traylor, G. H. Prince, and W. S. McLucas. Another change was due to the fact that Mr. J. P. Butler, representative of the sixth Federal reserve district, resigned during the year and his place was taken by Mr. Ottley. RECOMMENDATIONS OF THE FEDERAL ADVISORY COUNCIL FEBRUARY 17, 1931 TOPIC NO. 1.—Bank failures and bank examinations. Recommendation.—The Federal Advisory Council believes that bank failures in recent times have been largely due to a change in economic and social conditions. In many instances the minimum capitalization required of banks has not been a sufficient protection to the depositors. The difficulties which banks have encountered can not be traced entirely to a Digitized for FRASER 219 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
220 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD deficiency in our banking and examination systems. The law now gives sufficient power and authority for an adequate examination. Improvements in examinations undoubtedly can and should be made. There should be imposed upon the Federal reserve banks the requirement to keep themselves informed of the quality of the investments and loans and the policy of the management of all member banks. TOPIC NO. 2.—Open-market operations and rediscount rates. Recommendation.—The Federal Advisory Council wishes to reiterate the recommendation made at its last meeting that the situation will be best served if the natural flow of credit is unhampered by openmarket operations or changes in the rediscount rates. The council believes that the manner in which open-market operations have been conducted since the last meeting of the council is satisfactory. SEPTEMBER 15, 1931 TOPIC NO. 1.—Proposed amendments to national bank act and Federal reserve act. Recommendation.—The Federal Advisory Council has received the recommendations of the Comptroller of the Currency made in his Annual Report for 1930, suggesting certain changes in the Federal laws relating to banking. The Federal Advisory Council is in sympathy with the comptroller's recommendations, but suggests certain changes. In the following the original where changed is placed in brackets and the changes suggested by the Federal Advisory Council are italicized: I. Group and chain banking.—No national bank should be permitted to become a part of a group banking system, except on the condition that all other banks in the group are [national banks; and when a State member bank of the Federal reserve system is a part of a group, the Federal Government should be given visitorial powers over the entire group.] members of the Federal reserve system to the end that the Federal Government have visitorial powers over the entire group. More specifically: (a) No corporation should be permitted to own [a majority] in excess of 20 per cent of the stock of a national bank if it owns at the same time [a majority] in excess of 20 per cent of the stock of a State bank unless said State bank is a member of the Federal reserve system. (b) The Comptroller of the Currency should be given visitorial power over any corporation owning [a majority] in excess of 20 per cent of the stock of a national bank. (c) No national bank should be permitted to make a loan on the security of the stock of a corporation owning [a majority] in excess of 20 per cent of the stock of the lending bank. II. Branch banking.—A. The McFadden Act should be amended to permit national banks in important commercial and financial centers to establish branches in the area that is economically and financially tributary to such centers without regard to State boundaries or to State banking laws. The privilege should be limited to banks in cities serving a territory sufficient to provide economic diversification. The [trade] area within which banks located in such cities may extend their branches should be defined by a committee consisting of the Comptroller of the Currency, the Secretary of the Treasury, and the Governor of the Federal Reserve Board. Banks permitted to have branches in [a trade] an area should have [a minimum capital of] capital adequate to their deposit liabilities, the minimum not to be less than $1,000,000. The extension of branches should be subject to the approval of the Comptroller of the Currency. B. The national bank consolidation act should be amended to permit any bank within the [trade] branch-bank area to consolidate under national charter with the approval of the Comptroller of the Currency. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
RECOMMENDATIONS OF FEDERAL ADVISORY COUNCIL 221 III. Affiliates.—A. The Comptroller of the Currency should have authority to examine security or investment companies affiliated with national banks. IV. Fiduciary powers.—A. The law should be amended to provide that the exercise of fiduciary powers shall be one of the corporate powers of a national banking association, subject to the existing limitations regarding State laws now contained in the Federal reserve act. V. Liquidation of national banks.—A. The Comptroller of the Currency should be given supervision of national banks going into voluntary liquidation and the liquidating agent should be required to give bond and render reports to the Comptroller of the Currency in the same manner as the receiver of an insolvent bank up to such time as all liabilities other than to stockholders have been paid in full. VI. Circulating false reports.—A. It should be made a crime to maliciously make or circulate any false report concerning a national bank, or a member of the Federal reserve system, which imputes insolvency or unsound financial condition. TOPIC NO. 2.—Eligibility of securities in times of pressure. Recommendation.—The Federal Advisory Council suggests that the Federal Reserve Board consider the advisibility of permitting Federal reserve banks in times of pressure to accept from member banks bills payable on securities not now eligible, the Federal Reserve Board to issue regulations defining the conditions under which such action may be "taken. TOPIC NO. 4.—Assistance to European central banks and domestic credit situation. Recommendation.—In response to the request of the Federal Reserve Board for an expression of opinion the Federal Advisory Council states that it is in accord with the action of the Federal reserve banks in lending with the approval of the Federal Reserve Board assistance to European central banks in the recent emergency. The Federal Advisory Council suggests to the Federal Reserve Board that it explore the possibility of giving all possible support to the stabilization of the credit situation in the United States in tke interest of American business generally, including agriculture, industry, and commerce. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
222 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD AMENDMENT TO REGULATION G The Federal Reserve Board on March 2, 1931, amended its regulation G, governing the rediscount by Federal reserve banks of notes secured by adjusted-service certificates, so as to conform to the provisions of the act of February 27, 1931, amending the World War adjusted compensation act. The regulation as amended is as follows: REGULATION G, SERIES OF 1931 (Superseding regulation G of 1928) REDISCOUNT OF NOTES SECURED BY ADJUSTED SERVICE CERTIFICATES SECTION I. STATUTOKY PROVISIONS Under the terms of the World War adjusted compensation act as amended, loans may lawfully he made to veterans upon their adjusted service certificates only in accordance with the provisions of section 502 thereof. Any national bank, or any bank or trust company incorporated under the laws of any State, Territory, possession, or the District of Columbia, is authorized, after the expiration of two years after the date of the certificate, to loan to any veteran upon his promissory note secured by his adjusted service certificate any amount not in excess of the loan value of the certificate, which is (a) 50 per cent of the face value of the certificate, or (b) the loan value stated on the face of the certificate, whichever is the greater amount. The law provides that the rate of interest charged upon the loan by the lending bank shall not exceed by more than 2 per cent per annum the rate charged at the date of the loan for the discount of 90-dtiy commercial paper by the Federal reserve bank of the Federal reserve district in which the lending bank is located and, as to loans made on or after February 27, 1931, shall in no event exceed 4% per cent per annum compounded annually. Upon the indorsement of any bank, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, and subject to regulations to be prescribed by the Federal Reserve Board, any such note secured by an adjusted service certificate and held by a bank is made eligible for rediscount with the Federal reserve bank of the Federal reserve district in which such bank is located, whether or not the bank offering the note for rediscount is a member of the Federal reserve system and whether or not it acquired the note in the first instance from the veteran or acquired it by transfer upon the indorsement of any other bank; provided that at the time of rediscount such note has a maturity not in excess of nine months, exclusive of days of grace, and complies in all other respects with the provisions of the law, the regulations of the United States Veterans' Bureau, and the regulations of the Federal Reserve Board. SECTION II. DEFINITIONS Within the meaning of this regulation— (a) The term "the act" shall mean the World War adjusted compensation act as amended; (6) The term "director" shall mean the Administrator of Veterans' Affairs, who has been vested by law with the power and duties formerly vested in the Director of the United States Veterans' Bureau; (c) The term "certificate" shall mean an adjusted service certificate issued under the provisions of section 501 of the World War adjusted compensation act as amended; (d) The term "veteran" shall mean any person to whom an adjusted service certificate has been issued by the director under the provisions of the World War adjusted compensation act as amended; (e) The term "bank" shall mean any national bank or any bank or trust company incorporated under the laws of any State, Territory, possession, or the District of Columbia; (/) The term "note" shall mean a promissory note secured by an adjusted service certificate and evidencing a loan made by a bank on the security of such certificate in full compliance with the provisions of the World War adjusted compensation act as amended and the regulations of the Administrator of Veterans' Affairs. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TO KEGTJLATION G 223 SECTION III. ELIGIBILITY In order to be eligible for rediscount at a Federal reserve bank, any such note must— (a) Arise out of a loan made by a bank to a veteran in full compliance with the provisions of the act and of any regulation which the director may prescribe; (b) Be secured by the certificate issued to the maker, which certificate must accompany the note; (c) Be held by the offering bank in its own right at the time it is offered for rediscount; (d) Be in the form approved by the director; (e) Have a maturity at the time of rediscount not in excess of nine months, exclusive of days of grace; provided, however, that when such note contains, in the form approved by the director, a provision for the extension of the maturity thereof from year to year, at the option of the holder evidenced by his indorsement thereon, the maturity of said note (after the first maturity stated thereon) shall, for the purpose of determining its eligibility for rediscount, be deemed to be that stated in the latest extension indorsed thereon by the holder; (/) Evidence a loan the amount of which does not exceed (a) 50 per cent of the face value of the certificate or (b) the loan value stated on the face of the certificate for the year in which such loan was made, whichever amount is greater; (g) Be payable with interest accruing after the date of the note at a rate stated in the face of the note, which rate must not exceed by more than 2 per cent per annum the rate charged at the date of the loan for the discount of 90-day commercial paper by the Federal reserve bank of the Federal reserve district in which the lending bank is located; provided, however, that, if the loan was made on or after February 27, 1931, the rate must not in any event exceed £% per cent per annum, compounded annually; (h) Bear the indorsement of the bank offering it for rediscount, which indorsement shall be deemed a waiver of demand, notice, and protest by such bank as to its own indorsement exclusively; (i) Be accompanied by the evidence of eligibility required by this regulation and such other evidence of eligibility as may be required by the Federal reserve bank to which it is offered for rediscount; and (j) Comply in all other respects with the requirements of the law and of this regulation. SECTION IV. EVIDENCE OF ELIGIBILITY (a) General.—The Federal reserve bank to which a note is offered for rediscount must be satisfied either by reference to the note itself or otherwise that the loan evidenced by the note or any sale, discount, or rediscount thereof complies in all respects with the provisions of section 502 of the act and that the note is eligible for rediscount by a Federal reserve bank under the terms of the law and the provisions of this regulation. (b) Affidavit of lending bank.—Any note offered to a Federal reserve bank for rediscount must be accompanied by the affidavit required by section 502 (h) of the act and the regulations of the director, in form approved by the director, made by an officer of the bank which made the loan, before a notary public or other officer designated for the purpose by regulation of the director, stating that— (1) Such bank has not charged or collected, or attempted to charge or collect, directly or indirectly, any fee or other compensation in respect of any loan, made by such bank to any veteran under section 502 of the act, except the interest authorized by such section; (2) The person who obtained the loan evidenced by such note is known to be the veteran named in the certificate securing such note; (3) Such bank has notified the director that it has made a loan to the veteran named in the certificate, as required by the regulations of the director; and (4) Such bank has notified the veteran by mail at his last known postoffice address of any sale, discount, or rediscount of such note by such bank, as required by section 502 (b) of the act. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
224 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD (c) Affidavit of other banks.—If such note is offered for rediscount by a bank other than the bank which made the loan thereon, it must also be accompanied by an affidavit of an officer of the offering bank and an affidavit of an officer of each other bank which has sold, discounted, or rediscounted such note, which affidavit shall be in form approved by the director and shall state that the bank of which the affiant is an officer has promptly notified the veteran by mail at his last known post-office address of the sale, discount, or rediscount of such note by such bank, as required by section 502 (b) of the act. SECTION V. APPLICATION FOR REDISCOUNT Every application for the rediscount of such notes shall be made on a form approved by the Federal reserve bank to which such note is offered and shall contain a certificate of the offering bank to the effect that, to the best of its knowledge and belief, such note arose out of a loan made in full compliance with the provisions of the act and the regulations of the director and is eligible for rediscount under the provisions of section 502 of the act and of this regulation. SECTION VI. PROPER BANK FOR REDISCOUNT No such note shall be rediscounted by any Federal reserve bank for any bank not located in its own Federal reserve district, except that such notes may be rediscounted by any Federal reserve bank for any other Federal reserve bank. SECTION VII. RATE OF REDISCOUNT The rate of interest charged by any Federal reserve bank on any such note rediscounted by it shall be the same as that charged by it for the rediscount of 90-day notes drawn for a commercial purpose, except that when such notes are rediscounted for another Federal reserve bank the rate shall be that fixed by the Federal Reserve Board. SECTION VIII. REDISCOUNTS FOR NONMEMBER BANKS No Federal reserve bank shall rediscount such notes for any nonmember bank until such bank has furnished to the Federal reserve bank such information as it may request in order to satisfy itself as to the condition of such bank and the advisability of making the rediscount for it. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DIRECTORY OF THE FEDERAL RESERVE BOARD (December 31,1931) ANDREW W. MELLON, Secretary of the Treasury, ex officio, Chairman. JOHN W. POLE, Comptroller of the Currency, ex officio. EUGENE MEYER, of New York, Governor. Term expires August 9, 1938. CHARLES S. HAMLIN, of Massachusetts. Term expires August 9, 1936. ADOLPH C. MILLER, of California. Term expires August 9, 1934. GEORGE R. JAMES, of Tennessee. Term expires April 27, 1941. WAYLAND W. MAGEE, of Nebraska. Term expires January 24, 1933. FLOYD R. HARRISON, Assistant to the E. A. GOLDENWEISER, Director, Division Governor. of Research and Statistics. CHESTER MORRILL, Secretary. CARL E. PARRY, Assistant Director, E. M. MCCLELLAND, Assistant Secre- Division of Research and St-atistics. EDWARD L. SMEAD, Chief, Division of J. C. NOELL, Assistant Secretary. Bank Operations. WALTER WYATT, General Counsel. W. M. I ML AY, Fiscal Agent. SALARIES OF OFFICERS AND EMPLOYEES OF THE FEDERAL RESERVE BOARD (December 31,1931) Annual Annual Number of persons: salary Number of persons: salary 1 at :___ $15,000 5 at 2,500 4 at 12,000 3 at 2,400 2 at 9,000 2 at 2,300 1 at 8,500 4 at 2,200 3 at 7,000 8 at 2,100 1 at 6, 700 13 at 2,000 3 at 6,000 1 at 1,920 1 at 5, 700 3 at 1,900 1 at 5,400 3 at 1,860 2 at 5, 200 13 at 1,800 4at_ 5,000 1 at 1,740 3 at_ 4,800 4 at 1,700 2at_ 4,500 6 at 1,680 3 at_ 4,200 3 at 1,620 1 at. 4,000 6 at 1,600 3 at_ 3,800 5 at 1,560 1 at. 3,700 16 at 1,500 5 at. 3,600 5 at 1,440 3 at. 3,500 1 at 1,400 2 at. 3,400 9 at 1,380 1 at. 3,300 9 at 1,320 lat. 3,200 1 at 1,250 1 at. 3, 160 2 at 1,200 5 at. 3,000 1 at 1,100 1 at. 2,920 1 at 1,000 4 at. 2,900 1 at 840 6 at. 2,800 1 at 720 3 at. 2,700 2at_ 2, 600 197 553, 970 In addition to the above, there are 15 part-time employees paid on an hourly basis. 225 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
226 ANNUAL EEPOET OP THE FEDERAL RESERVE BOARD RECEIPTS AND DISBURSEMENTS OF THE FEDERAL RESERVE BOARD RECEIPTS AND DISBURSEMENTS OP THE FEDERAL RESERVE BOARD FOR THE YEAR 1931 Balance Jan. 1, 1931: Available for general expenses of the board. $125,261.08 Available for expenses chargeable to Federal reserve banks 166,168.14 Total $291,429.22 RECEIPTS Available for general expenses of the board: Assessments on Federal reserve banks for estimated general expenses of the board $718,552.77 Reimbursement of expenditures during 1930 21.21 Subscriptions to Federal Reserve Bulletin 3,867.66 Miscellaneous receipts, refunds, and reimbusements 2,244.60 Reimbursement on account of bank examinations __ 6,827.40 Total receipts available for general expenses of the board 731, 513. 64 Available for expenses chargeable to Federal reserve banks: Assessments on Federal reserve banks for— Cost of preparing Federal reserve notes 1,247,664.18 Expenses of leased wire system _ 205,970.64 Expenses of private telephone lines 27, 582.72 Miscellaneous expenses 5,964.87 Total receipts available for expenses chargeable to Federal reserve banks 1,487,182.41 Total receipts 2,218,696.05 Total available for disbursement 2,510,125.27 DISBURSEMENTS For general expenses of the board: Expenses for 1930 paid in 1931 13, 281. 86 Expenses for 1931 (per detailed statement) $744,275.00 Less accounts unpaid Dec. 31, 1931 (estimated) 16,886.20 Amount actually paid out during the year .___ 727,388.80 Miscellaneous expenses reimbursable 37. 38 Refunds on account of subscriptions to Federal Reserve Bulletin 5.00 Total disbursements for general expenses of the board _. 740,713.04 For expenses chargeable to Federal reserve banks: Cost of preparing Federal reserve notes 1,328,618.08 Expenses of leased wire system.. 206,231.94 Expenses of private telephone lines 25,284.16 Miscellaneous expenses 5,766.04 Total disbursements for expenses chargeable to Federal reserve banks 1,565,900.22 Total disbursements 2,306,613.26 Balance Dec. 31, 1931: Available for general expenses of the board, 1932, and accounts unpaid Dec. 31, 1931._ 116,061.68 Available for expenses chargeable to Federal reserve banks unpaid Dec. 31, 1931 87,450.33 Total balance T-_-.-_ -------- ._-.,..._ 203,512.01 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DETAILED STATEMENT OF EXPENSES OF THE FEDERAL RESERVE BOARD, 1931 Total January February March April May June July August Sep b t e e r m- October No b v e e r m- De b c e e r m- PERSONAL SERVICES Board members and their staffs.- - - $87, 563. 25 $6,116.64 $6,116.66 $6,116.68 $6,116.64 $6, 396.66 $6, 550. 02 $6, 383, 30 $6, 391.66 $7, 016.68 $7,641. 64 $7,641.66 $15, 075. 01 Office of the secretary 99, 214. 29 8, 818. 40 8, 779.49 8, 729. 72 8, 650. 24 8,448.90 7, 395.92 7, 581. 33 7, 581. 41 7, 569. 51 8, 281. 20 8,628. 41 8, 749. 76 Office of general counsel -_ _ 38, 574.94 3, 209. 99 3, 214. 99 3, 215. 02 3, 214.99 3, 214. 99 3, 215. 00 3, 214. 99 3, 214.99 3, 215. 00 3, 214.99 3, 214. 99 3, 215. 00 Office of fiscal agent 11, 300. 00 941.66 941. 67 941.67 941.66 941.67 941.67 941.66 941.67 941.67 941.66 941.67 941. 67 Division of examinations 87,406. 39 7,168. 86 7,174. 99 7,175. 04 7,174. 97 7, 262. 49 7, 350. 04 7, 349. 97 7, 349. 99 7, 350.04 7, 349. 97 7, 349. 99 7, 350. 04 Division of bank operations _. 73, 240.00 6,103. 26 6,103. 34 6,103.40 6,103.26 6,103. 34 6,103.40 6,103. 26 6,103. 34 6,103. 40 6,103. 26 6,103. 34 6,103. 40 Division of research and statistics 114, 087. 01 9, 295. 72 9, 301.68 9, 583. 71 9, 627.88 9, 723. 35 9, 497.11 9, 468.11 9,186. 68 9, 616. 77 9, 604. 55 9, 564.68 9, 616. 77 Division of issue and redemption... _ 60, 844. 26 5, 084.98 5, 085.00 5, 000. 67 5, 084.98 5,085. 00 5,085.00 5, 084.98 5,085.00 5,051.67 5, 080. 81 5, 067.95 5, 048. 22 Messengers 21, 630. 00 1, 802.48 1,802. 50 1, 802. 52 1, 802. 48 1, 802. 50 1, 802. 52 1,802. 48 1, 802. 50 1, 802. 52 1, 802. 48 1, 802. 50 1, 802. 52 Charwomen. _ 3, 050. 00 260. 00 230. 00 260. 00 260. 00 250.00 260. 00 260.00 260.00 250. 00 270. 00 240. 00 250. 00 General Total 596,910.14 48,801. 99 48, 750. 32 48, 928. 43 48, 977.10 49, 228. 90 48,200. 68 48,190. 08 47, 917. 24 48, 917. 26 50, 290. 56 50, 555.19 58,152. 39 NONPERSONAL SERVICES Transportation and subsistence: Board members and their staffs ______ lr951.72 102.06 173. 01 120.82 193. 50 82.46 307. 08 327.89 137. 29 353. 91 153. 70 Office of the secretary 34.23 34.23 Office of gen'eral counsel 99.26 30 49 35 49 33.28 Division of examinations 60, 723. 72 5, 053. 04 4, 083. 24 4, 864. 38 4,119. 38 13, 086.69 5, 493.40 4, 950.14 2, 378. 39 3, 424. 71 4, 258. 00 5, 372. 21 3, 640.14 Division of research and statistics 393 02 35.03 41.05 63.92 53.53 18.16 44.60 34.02 102. 71 All other divisions, including local car fare 1,664. 75 246.45 37.50 92.45 332. 58 266. 20 268. 03 135. 55 37.50 30.47 218. 02 Communication service: Telephone. _ _ _ _ 9, 888. 29 704.86 688. 50 753. 76 675.16 717. 56 769. 55 798. 07 748. 71 772. 58 888. 03 1,067. 42 1, 304. 09 Telegraph 2, 067. 21 162. 83 147. 36 150. 56 130. 65 168.12 286. 37 166. 54 147. 52 147. 04 228. 20 128. 28 203. 74 Postage. _ _ _ _ 773. 50 55.00 86.00 57.00 60.00 80.00 40.00 63.50 61.00 69.50 57.00 84.50 60.00 Printing, binding, etc _ _ 39,125. 04 6, 580. 41 5, 764.12 3,166. 29 2,187.17 2, 517. 34 2, 319. 90 2, 008. 66 2, 839.18 1,415. 70 2, 732. 77 3, 983. 81 3, 609. 69 Repairs 506.75 59.88 67.71 41.66 22.69 16.77 45.20 25.62 41.06 25.70 15.43 38.96 106. 07 TTp,a,t, liVhf., RTirj power 753.64 76.67 76.68 76.67 76.68 76.68 35.04 31.24 31.24 31.24 80.49 80.50 80.51 Miscellaneous, unclassified- _ 1,449.39 193.37 84.79 117.95 190. 21 99.44 141. 22 141. 37 60.58 81.90 97.88 52.54 188.14 Equipment rental 54.00 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 4.50 Supplies, stationery and office - 5,645.82 103.86 451. 72 955.31 159.66 125. 00 1, 007. 67 185.16 62.84 705. 85 146. 24 295. 38 1, 447.13 Equipment, furniture and office 3, 964. 35 327.12 221. 83 907.68 20.13 91.45 272. 24 63.87 31.06 593. 24 376. 66 264. 60 794. 47 Books and periodicals 2, 280.65 1, 593.92 25.25 71.05 34.54 85.08 131. 49 121. 22 22.26 26.80 17.15 61.51 89.38 Rent 15, 989. 52 1, 313. 71 1, 313. 71 1, 313. 71 1, 313. 71 1, 328. 71 1, 343. 71 1, 343. 71 1, 343. 71 1, 343. 71 1, 343. 71 1, 343. 71 1, 343. 71 Total 147, 364. 86 16, 577. 68 13, 080. 93 12, 559. 07 9, 323.86 18, 940. 76 12,349.99 10, 272. 25 8, 259. 28 9, 007. 86 10, 484. 88 13, 265. 01 13, 243. 29 Grand total 744 275 00 65, 379.67 61,831.25 61,487.50 58, 300. 96 68,169. 66 60, 550. 67 58, 462. 33 56,176. 52 57,925.12 60, 775. 44 63, 820. 20 71, 395.68 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
228 ANNUAL EEPOET OP THE FEDBRAL. RESERVE BOARD SALARIES OF NATIONAL BANK EXAMINERS (As of December 31, 1931) DISTRICT NO. 1—BOSTON Chief examiner $13, 000 Examiners: 1 at $7,000; 1 at $5,400; 2 at $4,800; 1 at $4,500; 1 at $4,200; 1 at $3,600; 1 at $2,700. Total (8 examiners) 37, 000 DISTRICT NO. 2—NEW YORK Chief examiner 20, 000 Examiners: 1 at $9,500; 1 at $7,000; 3 at $6,000; 2 at $5,500; 1 at $5,400; 2 at $5,200; 1 at $4,800; 2 at $4,500; 2 at $4,200; 3 at $3,900; 3 at $3,600; 3 at $3,300; 3 at $3,000; 1 at $2,700. Total (28 examiners) 127, 600 DISTRICT NO. 3—PHILADELPHIA Chief examiner 15,000 Examiners: 1 at $7,000; 1 at $6,200; 1 at $6,000; 1 at $5,000; 1 at $4,800; 4 at $4,500; 2 at $4,200; 2 at $3,900; 1 at $3,600; 1 at $2,700. Total (15 examiners) 69, 500 DISTRICT NO. 4—CLEVELAND Chief examiner 13, 000 Examiners: 1 at $6,500; 1 at $6,000; 2 at $4,800; 1 at $4,600; 1 at $4,500; 2 at $4,200; 1 at $4,000; 2 at $3,900; 1 at $3,600; 2 at $3,300; 2 at $3,000. Total (16 examiners) 67, 600 DISTRICT NO. 5—RICHMOND Chief examiner 11, 000 Examiners: 1 at $5,000; 4 at $4,500; 1 at $4,200; 1 at $4,000; 2 at $3,900; 3 at $3,000; 1 at $2,400. Total (13 examiners) 50, 400 DISTRICT NO. 6—ATLANTA Chief examiner 12, 000 Examiners: 1 at $5,200; 4 at $5,000; 2 at $4,200; 1 at $3,600; 1 at $3,300; 1 at $3,000. Total (10 examiners) 43, 500 DISTRICT NO. 7—CHICAGO Chief examiner 14, 000 Examiners: 1 at $7,000; 1 at $6,300; 1 at $6,200; 1 at $5,700; 1 at $4,800; 2 at $4,500; 3 at $4,200; 1 at $4,000; 4 at $3,900; 1 at $3,600; 2 at $3,300; 2 at $2,700. Total (20 examiners) 86, 800 DISTRICT NO. 8—ST. LOUIS Chief examiner 11,000 Examiners: 2 at $6,000; 5 at $4,500; 1 at $3,900; 1 at $3,600. Total (9 examiners) 42, 000 DISTRICT NO. 9—MINNEAPOLIS Chief examiner 12,000 Examiners: 1 at $5,600; 2 at $4,500; 2 at $3,900; 1 at $3,600; 2 at $3,300; 2 at $3,000; 2 at $2,700. Total (12 examiners) 44, 000 DISTRICT NO. 10—KANSAS CITY Chief examiner.- 14,000 Examiners: 1 at $5,500; 2 at $4,800; 1 at $4,300; 1 at $4,200; 2 at $3,900; 4 at $3,600; 1 at $3,300; 4 at $3,000. Total (16 examiners) _ 61, 100 DISTRICT "No. 11—DALLAS Chief examiner 15, 000 Examiners: 2 at $6,300; 1 at $6,000; 1 at $5,000; 1 at $4,900; 2 at $4,700; 1 at $4,200; 1 at $3,800; 3 at $3,600; 1 at $3,500. Total (13 examiners) 60, 200 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SALARIES OF NATIONAL BANK EXAMINERS 229 DISTRICT NO. 12—SAN FRANCISCO Chief examiner $15, 000 Examiners: 2 at $6,000; 1 at $5,700; 2 at $4,800; 1 at $4,300; 2 at $4,200; 1 at $4,000; 2 at $3,900; 6 at $3,600; 1 at $3,300; 1 at $3,000; 3 at $2,700. Total (22 examiners) 87, 800 SUMMARY Total examiners (182) 777,500 Total examining staff (202). Total salaries 1,011,500 RECAPITULATION Examining staff, office of Comptroller of the Currency: Chief examiner, at $14,000 1 Assistant chief examiners— At $9,500 3 At $8,000 1 At $7,500. . 1 National bank examiners— At $5,800 1 At $5,200 1 Total 8 69, 000 Chief examiners of districts— At $20,000 1 At $15,000 3 At $14,000 2 At $13,000 2 At $12,000 2 At $11,000 2 Total 12 165, 000 Other examiners— At $9,500 1 At $7,000 4 At $6,500 1 At $6,300 3 At $6,200 2 At $6,000 10 At $5,700 2 At $5,600 1 At $5,500 3 At $5,400 2 At $5,200 . 3 At $5,000 7 At $4,900 1 At $4,800 11 At $4,700. 2 At $4,600 1 At $4,500 21 At $4,300 2 At $4,200 17 At $4,000 4 At $3,900 20 At $3,800 _„_ 1 At $3,600 23 At $3,500 1 At $3,300 12 At $3,000 16 At $2,700 10 At $2,400 1 Total 182 777, 500 Total examining staff1 202 Total salaries 1, 011, 500 Digitized for 1 FInR aAdSdiEtiRon there are 8 national bank examiners not receiving salaries who are acting as receivers or are unassigned. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
230 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD GOVERNORS AND DIRECTORS OF FEDERAL RESERVE BANKS* DISTRICT NO. 1—FEDERAL RESERVE BANK OF BOSTON FREDEEIC H. CURTISS, Chairman and Federal Reserve Agent. ALLEN HOLLIS, Deputy Chairman. R. A. YOUNG, Governor Term Director Residence expires Dec. 31 Class A: Frederick S. Chamberlain New Britain, Conn 1931 Alfred L. Ripley Boston, Mass 1932 Edward S. Kennard Rumford, Me 1933 Class B: Albert C. Bowman Springfield, Vt 1931 Philip R. Allen East Walpole, Mass 1932 Albert Farwell Bemis Boston, Mass 1933 Class C: Chas. H. Merriman Providence, R. I 1931 Frederic H. Curtiss_. Boston, Mftss 1932 Allen Hollis Concord, N. H 1933 DISTRICT NO. 2—FEDERAL RESERVE BANK OF NEW YORK J. HERBERT CASE, Chairman and Federal Reserve Agent. OWEN D. YOUNG, Deputy Chairman. GEORGE L. HARRISON, Governor Class A: Chas. E. Mitchell New York, N. Y . . . 1931 Thomas W. Stephens Montclair, N. J - 1932 David C. Warner Endicott, N. Y 1933 Class B: William H. Woodin New York, N. Y 1931 Theo. F. Whitmarsh do _ 1932 Samuel W. Reyburn do 1933 Class C: J. Herbert Case . . do 1931 Owen D Young do 1932 Clarence M. Woolley _ ._ ... Greenwich, Conn _. _ _ _ .._ 1933 BUFFALO BRANCH R. M. O'HARA, Managing Director R. M. O'Hara _ - Buffalo, N. Y_ _ _ ._ __ 1931 Geo. G. Kleindinst do _ 1931 John T. Symes _ _. _ _ _ __ _ Lockport, N.Y 1931 F. B. Coolev _ . Buffalo, N. Y . _ ___ 1932 Lewis G Harriman do 1932 Edward G Miner Rochester, N. Y 1933 George F. Rand - _..__.__-._. Buffalo, N.Y . 1933 DISTRICT NO. 3—FEDERAL RESERVE BANK OF PHILADELPHIA RICHARD L. AUSTIN, Chairman and Federal Reserve Agent. ALBA B. JOHNSON, Deputy Chairman. GEORGE W. NORRIS, Governor Class A: John C. Cosgrove Johnstown, Pa_._ 1931 Joseph Wayne, jr Philadelphia, Pa. 1932 George W. Reily Harrisburg, Pa... 1933 Class B: C. Frederick C. Stout Philadelphia, Pa_ 1931 Arthur W. Sewall do 1932 Vacancy 1933 Class C: Harry L. Cannon Bridgeville, Del- 1931 Richard L. Austin Philadelphia, Pa.. 1932 Alba B. Johnson do 1933 1 For directors elected in December, 1931, for the 3-year term beginning Jan. 1,1932, see Federal Reserve Bulletin for January, 1932. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOVERNORS AND DIRECTORS 231 DISTRICT NO. 4—FEDERAL RESERVE BANK OF CLEVELAND GEORGE DECAMP, Chairman and Federal Reserve Agent. L.B.WILLIAMS, Deputy Chairman. E. R. FANCHER, Governor ! Term Director Residence expires Dec. 31 Class A: Chess Lamberton.. Franklin, Pa | 1931 Robert Wardrop... Pittsburgh, Pa I 1932 0. N. Sams Hillsboro, Ohio | 1933 Class B: I R. P. Wright_ Erie, Pa 1931 George D. Crabbs. Cincinnati, Ohio 1932 J. E. Galvin Lima, Ohio . 1933 Class C: L. B. Williams Cleveland, Ohio ! 1931 Geo. DeCamp do j 1932 W. W. Knight Toledo, Ohio I 1933 CINCINNATI BRANCH C. F. MCCOMBS, Managing Director C. F. McCombs Cincinnati, Ohio _ 1931 Fred A. Geier _ _ do .. 1931 E. S. Lee Covington, Ky 1931 John Omwake . _ Cincinnati, Ohio _ 1932 Thomas J. Davis _ ... - do 1932 George M. Verity Middletown, Ohio 1933 B. H. Kroger _ Cincinnati, Ohio _. _ 1933 PITTSBURGH BRANCH J. C. NEVIN, Managing Director J. C. Nevin Pittsburgh, Pa_. 1931 James Rae do 1931 Arthur E. Braun_ do 1931 A. L. Humphrey_ .....do 1932 J. R. Eisaman Greensburg, Pa__. 1932 J. S. Jones Wheeling, W. Va- 1933 R. B. Mellon Pittsburgh, Pa.... 1933 DISTRICT NO. 5—FEDERAL RESERVE BANK OF RICHMOND WM. W. HOXTON, Chairman and Federal Reserve Agent. FREDERIC A. DELANO, Deputy Chairman. GEORGE J. SEAT, Governor Class A: James C. Bras well Rocky Mount, N. C 1931 L. E. Johnson _ .- _____ Alderson, W. Va__ _ 1932 Charles E. Rieman Baltimore, Md 1933 Class B: Edwin C. Graham Washington, D. C 1931 D R Coker Harts ville, S. C 1932 W. M. Addison Richmond, Va 1933 Class C: Robt. Lassiter __. _.. __ . _ _Charlotte, N. C 1931 Wm W. Hoxton Richmond, Va 1932 Frederic A. Delano Washington, D. C 1933 BALTIMORE BRANCH HUGH LEACH, Managing Director Hugh Leach Baltimore, McL. 1931 William H. Matthai. .do.. 1931 Levi B. Phillips Cambridge, McL. 1931 Edmund P. Cohill___ Hancock, Md 1932 L. S. Zimmerman Baltimore, Md__. 1932 Norman James do 1933 Morton M. Prentis__ do 1933 Digitized for FRAS1E2R5 554—32- -16 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
232 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD DISTRICT NO. 5—FEDERAL RESERVE BANK OF RICHMOND—Continued CHARLOTTE BRANCH W. T. Clements, Managing Director Term Director Residence expires Dec. 31 W. T. Clements Charlotte, N. C „ 1931 John L. Morehead . do 1931 W. B:. Wood do 1931 C. A Cannon Concord, N. C 1932 C. L. Cobb Rock Hill, S. C 1932 John A. Law ._ Spartanburg, S. C 1933 Robt. Gage Chester, S. C 1933 DISTRICT NO. 6—FEDERAL RESERVE BANK OF ATLANTA OSCAR NEWTON, Chairman and Federal Reserve Agent. W. H. KETTIG, Deputy Chairman. E. R BLACK, Governor Class A: E. C. Melvin Selma, Ala 1931 G. G. Ware Leesburg, Fla 1932 H. Lane Young._ Atlanta, Ga 1933 Class B: J, B. Hill.. Nashville, Tenn... 1931 Leon C. Simon. __ New Orleans, La._ 1932 J., A. McCrary... Decatur, Ga 1933 Class C: W. H. Kettig—~ Birmingham, Ala. 1931 Oscar Newton— Atlanta, Ga 1932 George S. Harris. do... 1933 NEW ORLEANS BRANCH MARCUS WALKER, Managing Director Marcus Walker. New Orleans, La.. 1931 P. H. Saunders. do 1931 R. S. Hecht do 1931 Leon C. Simon.. do 1932 F. W. Foote Hattiesburg, Miss.. 1932 Albert P. Bush. Mobile, Ala 1933 J. D. O'Keefe... New Orleans, La... 1933 JACKSONVILLE BRANCH HUGH FOSTER, Managing Director Hugh Foster Jacksonville, Fla.. 1931 John C. Cooper... do.. 1931 G. G Ware Leesburg, Fla 1931 Fulton Saussy Jacksonville, Fla.. 1932 Edward W. Lane. do 1932 S. O. Chase Sanford, Fla 1933 Arthur F. Perry. _ Jacksonville, Fla.. 1933 BIRMINGHAM BRANCH A. E. WALKER, Managing Director A. E. Walker Birmingham, Ala. 1931 W. H. Kettig do 1931 JohnH. Frye do 1931 Oscar Wells do 1932 W. W. Crawford.. do 1932 E. F. Allison Bellamy, Ala 1933 W. E. Henley Birmingham, Ala. 1933 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOVERNORS AND DIRECTORS 233 DISTRICT NO. 6—FEDERAL RESERVE BANK OF ATLANTA—Continued NASHVILLE BRANCH JOEL B. FORT, Jr., Managing Director Term Director Residence expires Dec. 31. Joel B. Fort, jr - Nashville, Tenn. 1931 J. B. Hill.--.— - do_. 1931 Frank J. Harle Cleveland, Tenn.. 1931 Paul M. Davis.. Nashville, Tenn... 1932 C. W. Bailey - Clarksville, Tenn. 1932 W. P. Ridley — — Columbia, Tenn.. 1933 C. A. Craig .. - Nashville, Tenn... 1933 DISTRICT NO. 7—FEDERAL RESERVE BANK OF CHICAGO EUGENE M. STEVENS, Chairman and Federal Reserve Agent. JAMES SIMPSON, Deputy Chairman. JAMES B. MCDOUGAL, Governor Class A: Edward R. Estberg:_ Waukesha, Wis 1931 George J. Schaller Storm Lake, Iowa.. 1932 George M. Reynolds. Chicago, 111 1933 Class B: Stanford T. Crapo... Detroit, Mich 1931 Robert M. Feustel.-. Fort Wayne, Ind... 1932 MaxW. Babb Milwaukee, Wis... 1933 Class C: Frank C. Ball Muncie, Ind 1931 James Simpson. _ Chicago, 111 1932 Eugene M. Stevens.. do 1933 DETROIT BRANCH WILLIAM R. CATION, Managing Director William R. Cation Detroit, Mich.. 1931 James Inglis - do 1931 William J. Gray do 1931 N. P. Hull... Lansing, Mich... 1932 John Ballantyne Detroit, Mich 1932 David McMorran Bay City, Mich.. 1933 George B. Morley Saginaw, Mich... 1933 DISTRICT NO. 8—FEDERAL RESERVE BANK OF ST. LOUIS JOHN S. WOOD, Chairman and Federal Reserve Agent. JOHN W. BOEHNE, Deputy Chairman. WILLIAM McC. MARTIN, Governor Class A: John C. Martin - - - _ . Salem, 111 1931 John G. Lonsdale St. Louis, Mo 1932 Max B. Nahm ._. Bowling Green, Ky 1933 Class B: W. B. Plunkett Little Rock, Ark 1931 M. P. Sturdivant Glendora, Miss _ 1932 James W. Harris St. Louis, Mo 1933 Class C: PaulDillard Memphis, Tenn.. 1931 John W. Boehne Evansville, Ind 1932 John S. Wood . . St. Louis, Mo 1933 LOUISVILLE BRANCH JOHN T. MOORE, Managing Director John T. Moore Louisville, Ky.. 1931 William W. Crawford.. .do. 1931 John T. Reynolds Greenville, Ky.. 1931 W. R. Cole. Louisville, Ky_. 1932 Eugene E. Hoge Frankfort, Ky_. 1932 E. H. Woods Lucas, Ky 1933 Walter F, Huthsteiner.. Tell City, Ind.. 1933 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
234 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD DISTRICT NO. 8—FEDERAL RESERVE BANK OF ST. LOUIS—Continued MEMPHIS BRANCH W. H. GLASGOW, Managing Director Term Director Residence expires Dec. 31 W. H. Glasgow I Memphis, Tenn... 1931 S. E. Ragland j do 1931 John W. Alderson Forrest City, Ark_ 1931 William Orgill I Memphis, Tenn._. 1932 John M. Tarrant I Dyersburg, Tenn_. 1932 E. L. Anderson Clarksdale, Miss__ 1933 R. Brinkley Snowden ! Memphis, Tenn.__ 1933 LITTLE ROCK BRANCH A. F. BAILEY, Managing Director A. F. Bailey Little Rock, Ark. 1931 Moorhead Wright .do. 1931 JoNichol Pine Bluff, Ark__. 1931 Gordon H. Campbell_ Little Rock, Ark. 1932 Stuart Wilson Texarkana, Ark__ 1932 C. H. Murphy El Dorado, Ark__ 1933 W. A. Hicks Little Rock, Ark. 1933 DISTRICT NO. 9—FEDERAL RESERVE BANK OF MINNEAPOLIS JOHN R. MITCHELL, Chairman and Federal Reserve Agent. HOMER P. CLARK, Deputy Chairman. W. B. GEERY, Governor Class A: P J Leeman Minneapolis, Minn 1931 B" R Kibbee Mitchell, S. Dak 1932 B. C. Hansen _ _ _ _ Churchs Ferry, N. Dak 1933 Class B: W 0. Washburn _._ - . St. Paul, Minn 1931 J E O'Connell Helena, Mont 1932 John S. Owen - - - Eau Claire, Wis. 1933 Class C: George W McCormick Menominee, Mich 1931 John R. Mitchell - - _ . _ Minneapolis, Minn 1932 B'omer P Clark St. Paul, Minn 1933 HELENA BRANCH R. E. TOWLE, Managing Director R. E. Towle Helena, Mont 1931 Henry Sieben do 1931 Thomas A. Marlow. do „__. 1931 W. R. Strain Great Falls, Mont- 1932 S. McKennan __ Helena, Mont 1932 DISTRICT NO. 10—FEDERAL RESERVE BANK OF KANSAS CITY M. L. MCCLUBE, Chairman and Federal Reserve Agent. WILLIAM L. PETRIKIN, Deputy Chairman. W. J. BAILEY, Governor Class A: Frank W. Sponable.. Paola, Kans 1931 E. E. Mullaney Hill City, Kans... 1932 C. C. Parks Denver, Colo 1933 Class B: J. M. Bernardin Kansas City, Mo. 1931 L. E. Phillips Bartlesville, Okla_ 1932 Willard D. Hosford_. Omaha, Nebr 1933 Class C: William L. Petrikin. Denver, Colo_ 1931 M. L. McClure Kansas City, Mo. 1932 Edward P. Brown._. Davey, Nebr 1933 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOVERNORS AND DIRECTORS 235 DISTRICT NO. 10—FEDERAL RESERVE BANK OF KANSAS CITY—Continue OMAHA BRANCH L. H. EARHART, Managing Director Term Director Residence expires Dec. 31 L. H. Earhart Omaha, Nebr_ 1931 William Diesing .do. 1931 A. H. Marble Cheyenne, Wyo. 1931 W. E. Hardy Lincoln, Nebr... 1932 Thomas L. Davis Omaha, Nebr... 1932 Daniel M. Hildebrand.. Seward, Nebr 1933 R. 0. Marnell Nebraska City, Neb]r 1933 DENVER BRANCH JOSEPH E. OLSON, Managing Director Joseph E. Olson Denver, Colo_ 1931 Murdo MacKenzie ! do 1931 H. W. Farr | Greeley, Colo_ 1931 Roblin H. Davis | Denver, Colo_ 1932 Henry Swan j do 1932 Merritt W. Gano ! do 1933 Harold Kountze ! do 1933 OKLAHOMA CITY BRANCH C. E. DANIEL, Managing Director C E Daniel Oklahoma City, Okla 1931 Walter F. Nichols Tulsa, Okla 1931 Ned Holman _ __ _ _ __._ _ _ Oklahoma City, Okla 1931 Austin Miller do 1932 H. H. Ogden Muskogee, Okla . 1932 J. B. Doolin .__ Alva, Okla __ 1933 William Mee Oklahoma City, Okla 1933 DISTRICT NO. 11—FEDERAL RESERVE BANK OF DALLAS C. C. WALSH, Chairman and Federal Reserve Agent. S. B. PERKINS, Deputy Chairman. B. A. MCKINNEY, Governor Class A: W. H. Patrick Clarendon, Tex 1931 J. P. Williams Mineral Wells, Tex 1932 R. E. Harding . Fort Worth, Tex 1933 Class B: A. S. Cleveland ._ __ ___ _ . .Houston, Tex 1931 J. J. Culbertson Paris, Tex 1932 J.R. Milam Waco, Tex 1933 Class C: C. C. Walsh Dallas, Tex __ __ _ . .. 1931 E. R. Brown -__._.. _ _ do 1932 S B Perkins do 1933 EL PASO BRANCH J. L. HERMANN, Managing Director J. L. Hermann El Paso, Tex.._ 1931 C. M. Newman. . __ . do 1931 E. M. Hurd .. _ do . , 1931 A. P. Coles. .... do 1932 Arthur F. Jones Portales, N. Mex 1932 S P. Applewhite Douglas, Ariz 1933 George D. Flory El Paso, Tex 1933 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
236 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD DISTRICT NO. 11—FEDERAL RESERVE BANK OP DALLAS—Continued HOUSTON BRANCH W. D. GENTRY, Managing Director Term Director Residence expires Dec. 31 W. D. Gentry . . . Houston, Tex 1931 R. M. Farrar do 1931 John A. Wilkins _ do 1931 J. Cooke Wilson . .. Beaumont, Tex 1932 N. E. Meador _ Houston, Tex 1932 E. A. Peden _ _ do 1933 A. A. Borne Galveston, Tex 1933 SAN ANTONIO BRANCH M. CRUMP, Managing Director M. Crump _ . San Antonio, Tex 1931 Reagan Houston do _ _... 1931 Walter P. Napier do 1931 Frank G. Crow , McAllen, Tex _ 1932 Franz C. Groos ._. San Antonio, Tex 1932 J. M. Bennett do 1933 George C. Hollis _._ Eagle Pass, Tex.. 1933 DISTRICT NO. 12—FEDERAL RESERVE BANK OF SAN FRANCISCO ISAAC B. NEWTON, Chairman and Federal Reserve Agent. WALTON N. MOORE, Deputy Chairman. JOHN U. CALKINS, Governor Class A: C, K. Mclntosh San Francisco, Calif. 1931 T. H. Ramsay do 1932 Keith Powell Woodburn, Oreg 1933 Class B: Elmer H. Cox Madera, Calif 1931 A. B. C. Dohrmann... San Francisco, Calif. 1932 Malcolm McNaghton. Los Angeles, Calif... 1933 Class C: William Sproule San Francisco, Calif. 1931 Isaac B. Newton do 1932 Walton N. Moore do _ 1933 LOS ANGELES BRANCH W. N. AMBROSE, Managing Director W. N. Ambrose Los Angeles, Calif. 1931 Charles B. Voorhis. Pasadena, Calif 1931 F. J. Belcher, jr.... San Diego, Calif... 1931 Jesse B. Alexander. Los Angeles, Calif- 1932 A. J. Cruickshank. Santa Ana, Calif... 1932 PORTLAND BRANCH R. B. WEST, Managing Director R. B. West Portland, Oreg-. 1931 Nathan Strauss... do 1931 J. C. Ainsworth... do 1931 Edward C. Pease- The Dalles, Oreg. 1932 John F. Daly Portland, Oreg 1932 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
237 GOVERNORS AND DIRECTORS DISTRICT NO. 12—FEDERAL RESERVE BANK OF SAN FRANCISCO—Continued SALT LAKE CITY BRANCH W. L. PARTNER, Managing Director Term Director Residence expires Dec. 31 W. L. Partner Salt Lake City, Utah, 1931 Lafayette Hanchett. do. 1931 H. E. Hemingway. . Ogden, Utah... 1931 G. G. Wright _ Salt Lake City, Utah. 1932 E. 0. Howard do 1932 SEATTLE BRANCH C. R. SHAW, Managing Director C R Shaw Seattle, Wash _ 1931 Charles H. Clarke do 1931 M. A. Arnold . . . . _ . . .. . do . 1931 Henry A. Rhodes _.. __ Tacoma, Wash 1932 M F Backus Seattle, Wash 1932 SPOKANE BRANCH D. L. DAVIS, Managing Director D. L. Davis Spokane, Wash. 1931 G. I. Toevs do 1931 D. W. Twohy... do. 1931 Peter McGregor. Hooper, Wash.. 1932 R. M. Hardy Yakima, Wash. 1932 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
238 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD SALARIES OF OFFICERS AND EMPLOYEES OF FEDERAL RESERVE BANKS ALL FEDERAL RESERVE BANKS AND BRANCHES COMBINED Number Annual salaries Dec. 31, Dec. 31, Dec. 31, Dec. 31, 1931 1930 1931 1930 Officers: Chairman and Federal reserve agent. 12 12 $289, 000 $278, 000 Governor 12 12 360, 000 355, 000 Other officers 246.1 247 2, 064, 590 2, 070, 840 Employees by departments: Banking department !, 366. 7 1, 623. 5 12, 947, 313 13,112, 875 Federal reserve agent's department. _ 286.4 293.4 695, 692 691, 833 Auditing department 190.5 192. 5 436, 055 439, 400 Fiscal agency department 226.3 228.6 447,175 453,942 Total- 9,340 ',609 17, 239, 825 17, 401, 890 FEDERAL RESERVE BANK OF BOSTON Officers: Chairman and Federal reserve agent 1 $20, 000 $20, 000 Governor l 30, 000 30, 000 Other officers 9 83, 950 78, 750 Employees by departments: Banking department 609 861, 410 896, 940 Federal reserve agent's department... 28 29 70, 450 71, 560 Auditing department 10 10 24,760 24, 760 Fiscal agency department 17 17 38, 320 38, 260 Total 714 1,128, 890 1,160, 270 FEDERAL RESERVE BANK OF NEW YORK (INCLUDING BUFFALO BRANCH) Officers: Chairman and Federal reserve agent Governor Other officers Employees by departments: Banking department Federal reserve agent's department.. Auditing department Fiscal agency department Total FEDERAL RESERVE BANK OF PHILADELPHIA Officers: Chairman and Federal reserve agent 1 $20, 000 $20, 000 Governor 1 30, 000 30, 000 Other officers 9 85, 000 85, 000 Employees by departments: Banking department 613 610 885, 590 878,110 Federal reserve agent's department- 36 37 84, 876 80, 836 Auditing department 25 25 55, 690 55, 330 Fiscal agency department 12 13 21, 696 23, 496 Total 697 1,182, 852 I 1,172,772 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
239 FEDERAL, RESERVE BANK SALARIES FEDERAL RESERVE BANK OF CLEVELAND (INCLUDING CINCINNATI AND PITTSBURGH BRANCHES) Number Annual salaries Dec. 31, Dec. 31, Dec. 31, Dec. 31, 1931 1930 1931 1930 Officers: Chairman and Federal reserve agent 1 1 $20, 000 $20, 000 Governor ___ __ 1 1 30, 000 30, 000 Other officers 19 19 174,100 172, 300 Employees by departments: Banking department ._ - .. __ . 801.5 805.5 1, 295, 385 1, 288, 444 Federal reserve agent's department._ ... _. 24 24 57, G96 54, 912 Auditing department __ _ _ _ . 20.5 20.5 59, 420 59, 300 Fiscal agency department 20 20 40, 620 40, 982 Total 887 891 1, 677, 221 1, 665, 938 FEDERAL RESERVE BANK OF RICHMOND (INCLUDING BALTIMORE AND CHARLOTTE BRANCHES) Officers: Chairman and Federal reserve agent. 1 1 $20, 000 $20, 000 Governor 1 1 25, 000 25, 000 Other officers 17 17 137, 400 141, 300 Employees by departments: B anking department 506 512 700, 552 702,802 Federal reserve agent's department__ 9 9 26, 810 26,810 Auditing department 6 14, 820 14, 820 Fiscal agency department 12 16, 830 16, 770 Total _ 941, 412 947, 502 FEDERAL RESERVE BANK OF ATLANTA (INCLUDING BIRMINGHAM, JACKSONVILLE, NASHVILLE, AND NEW ORLEANS BRANCHES AND HAVANA AND SAVANNAH AGEN- CIES) Officers: Chairman and Federal reserve agent 1 1 $20, 000 $20, 000 Governor 1 1 25, 000 25, 000 Other officers 31 31 184, 740 184, 940 Employees by departments: Banking department 341.9 364.4 461, 822 479,475 Federal reserve agent's department.. 6.9 6.9 16, 680 15, 675 Auditing department 10 10 21, 610 21,610 Fiscal agency department 9.2 14, 900 15, 290 Total 401 423 744,752 761, 990 FEDERAL RESERVE BANK OF CHICAGO (INCLUDING DETROIT BRANCH) Officers: Chairman and Federal reserve agent 1 1 $35, 000 $24, 000 Governor 1 1 35, 000 35, 000 Other officers 30 30 258, 550 257, 000 Employees by departments: B anking department ,153 1,202 1, 801, 822 1, 857, 582 Federal reserve agent's department.. 35 36 75, 710 74, 230 Auditing department 22 21 49, 720 48, 020 Fiscal agency department 42 43 86, 320 86, 640 Total 1,284 1,334 2, 342,122 2, 382, 472 FEDERAL RESERVE BANK OF ST. LOUIS (INCLUDING LITTLE ROCK, LOUISVILLE AND MEMPHIS BRANCHES) Officers: Chairman and Federal reserve agent $20, 000 $20, 000 Governor 25, 000 25, 000 Other officers 133,400 137, 600 Employees by departments: Banking department 596, 856 585, 296 Federal reserve agent's department-. 29, 760 37,860 Auditing department 21, 040 20, 500 Fiscal agency department 35, 740 34, 840 Total 861, 796 861, 096 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
240 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD FEDERAL RESERVE BANK OF MINNEAPOLIS (INCLUDING HELENA BRANCH) Number Annual salaries Dec. 31, Dec. 31, Dec. 31, Dec. 31, 1931 1930 1931 1930 Officers: Chairman and Federal reserve agent 1 1 $20,000 $20.000 Governor 1 1 25,000 25,000 Other officers.- _ _. 11.1 12 74,100 79,100 Employees by departments: Banking department... 235.5 230.5 369,658 361,078 Federal reserve agent's department.. 10.5 11.5 27,330 27,830 Auditing department 11 11 25, 200 25,200 Fiscal agency department. 12.9 12 28, 620 23,800 Total 283 279 562, 008 FEDERAL RESERVE BANK OF KANSAS CITY (INCLUDING DENVER, OKLAHOMA CITY, AND OMAHA BRANCHES) Officers: Chairman and Federal reserve agent 1 1 $20, 000 $20, 000 Governor 1 1 25, 000 25,000 Other officers 20 20 148, 000 148,000 Employees by departments: Banking department 497.8 523.1 753,221 777, 744 Federal reserve agent's department.. 11 11 24,040 23,500 Auditing department 16 17 35,000 37,080 Fiscal agency department 23.2 25.9 42,699 48,994 Total 570 599 1,047,960 1,080, 318 FEDERAL RESERVE BANK OF DALLAS (INCLUDING EL PASO, HOUSTON, AND SAN ANTONIO BRANCHES) Officers: Chairman and Federal reserve agent 1 1 $20, 000 $20, 000 Governor 1 1 30,000 25,000 Other officers 19 19 130,400 130,900 Employees by departments: Banking department 329 349 529,130 550,800 Federal reserve agent's department.. 16 17 42,360 46,080 Auditing department— 13 13 30,060 31,260 Fiscal agency department 14 14 29,860 31, 060 Total 393 414 811,810 835,100 FEDERAL RESERVE BANK OF SAN FRANCISCO (INCLUDING LOS ANGELES, PORTLAND, SALT LAKE CITY, SEATTLE, AND SPOKANE BRANCHES) Officers: Chairman and Federal reserve agent 1 1 $24,000 $24,000 Governor-_ 1 1 30,000 30,000 Other officers 28 28 197,800 196,800 Employees by departments: Banking department... 681 1,107,240 1,107,540 Federal reserve agent's department.. 22 27 53,880 62,160 Auditing department._. 6 7 13,020 16,020 Fiscal agency department 12 13 23,400 27, 540 Total. - 751 768 1,449,340 1,464,060 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATE BANK AND TRUST COMPANY MEMBERS The following is a list of 878 State bank and trust company active members of the Federal reserve system on December 31, 1931, with their loans, investments, deposits, capital, and surplus: [In thousands of dollarsj Loans I m nv e e n s t t s - de T p o o t s a i l ts Capital Surplus DISTRICT NO. 1 CONNECTICUT Hartford—Phoenix State Bank & Trust Co.. 19,848 1,432 23,927 1,600 2,400 South Manchester—Manchester Trust Co... 1,417 157 1,352 200 100 Waterbury—Colonial Trust Co 7,141 2,574 6,875 1,000 2,500 Ellsworth—Union Trust Co. 1,578 1,408 3,084 100 100 Sanford—Sanford Trust CO- 1,194 826 1,918 100 100 MASSACHUSETTS Boston—Day Trust Co 2,097 4,713 4,751 2,500 275 Exchange Trust Co 10,664 5,662 11,842 1,500 1,000 New England Trust Co 12,174 9,875 26,089 1,000 2,000 Old Colony Trust Co 4,602 9,004 5,571 5,000 5,000 State Street Trust Co.__ 41,846 5,601 58,466 3,000 3,500 United States Trust Co.__ 14,933 12,378 16,890 1,400 2,000 Cambridge—Harvard Trust Co___ . 12,141 6,207 17,272 1,000 1,050 Fall River—B. M. C. Durfee Trust Co 6,428 3,462 7,945 1,200 800 Gloucester—Gloucester Safe Deposit & Trust Co 3,852 670 4,462 200 200 Greenfield—Franklin County Trust Co__ 4,974 957 5,052 400 200 Lawrence—Merchants Trust Co ._. 5,008 2,167 7,101 300 300 Lynn—Sagamore Trust Co._ 1,601 644 2,121 200 100 Security Trust Co.__ 5,466 1,456 6,612 200 300 Newton—Newton Trust Co 10,315 8,517 15, 521 1,080 1,080 Norwood—Norwood Trust Co 2,682 3,114 5,314 300 300 Quincy—Quincy Trust Co 4,141 1,367 4,874 300 300 Salem—Naumkeag Trust Co _ 3,486 2,091 5,313 250 350 Waltham—Waltham Trust Co : 5,801 1,523 6,323 400 400 Winchester—Winchester Trust Co _.. 1,067 1,130 2,162 100 100 Worcester—Worcester Bank & Trust Co 20,973 15,507 28,902 3,800 3,800 NEW HAMPSHIRE Conway—Carroll County Trust Co_. 841 362 1,129 75 25 EHODE ISLAND Providence—Columbus Exchange Trust Co 1,710 1,199 2,751 200 80 Industrial Trust Co 76,248 53,131 124,618 4,000 7,500 Rhode Island Hospital Trust Co. 51,601 48,825 91,948 5,000 10,000 Union Trust Co 15,990 7,913 23,971 1,000 1,000 DISTRICT NO. 2 NEW JERSEY (See also District No. 3) Bayonne—Bayonne Trust Co 5,272 2,002 9,066 400 600 Bloomfield—Bloomfield Bank & Trust Co 7,728 4,687 12,892 1,250 600 Community Trust Co 896 203 977 100 50 Watsessing Bank 2,155 789 2,868 200 100 Bogota—Bank of Bogota 730 525 1,248 100 75 Boonton—Boonton Trust Co 1,231 373 1,571 100 100 Carteret—Carteret Bank & Trust Co 601 333 870 100 25 Cranford—Cranford Trust Co 1,907 1,063 2,546 200 200 Dover—Dover Trust Co 2,277 2,282 4,109 200 250 Dunellen—Peoples Trust Co__ 389 197 476 100 50 East Orange—East Orange Trust Co.__ 875 206 996 200 41 Savings Investment & Trust Co. 15,787 7,049 19,684 1,500 1,800 Elizabeth—Central Home Trust Co 3,548 1,102 4,960 500 250 Elizabethport Banking Co 5,188 1,082 5,532 500 275 241 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
242 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD [In thousands of dollars] Total deposits ipital Surplus DISTRICT NO. 2—Continued NEW JERSEY—continued Fort Lee—Fort Lee Trust Co 789 229 1,041 100 50 Franklin—Sussex County Trust Co 1,050 1,142 2,308 150 100 Glen Ridge—Glen Ridge Trust Co 1,266 1,192 2,646 200 50 Hackensack—Peoples Trust & Guaranty Co 11,101 3,788 10, 966 1,000 550 State Bank & Trust Co 123 297 381 100 40 Hasbrouck Heights—Bank of Hasbrouck Heights... 572 248 841 75 75 Hoboken—Jefferson Trust Co 5,503 919 4,281 800 400 Jersey City—Commercial Trust Co. of New Jersey._ 34,085 21, 017 56, 542 3,400 6,600 New Jersey Title Guarantee & Trust Co. 29, 523 8,589 26, 909 2,035 2,000 Linden—Linden Trust Co . 2,299 478 2, 655 200 50 Montclair—Bank of Montclair 3,575 2, 268 5,274 500 300 Montclair Trust Co 8,417 3,890 10,876 1,350 750 Morristown—Morristown Trust Co 4,013 5,205 9,804 1,000 300 Newark—Clinton Trust Co 5, 362 2,386 6,870 700 1,000 Columbus Trust Co 731 381 1,563 400 200 Federal Trust Co 26, 242 9,988 40, 507 4,056 3,000 Fidelity Union Trust Co 59,066 80, 924 150, 765 6,667 7,000 Franklin-Washington Trust Co 7,899 1,632 9,694 1,200 500 Merchants & Newark Trust Co 13, 628 7,654 18,160 2,500 2,500 United States Trust Co 2,103 954 2,254 600 820 Nutley—Bank of Nutley 1,638 1,117 2, 962 200 75 Orange—Trust Company of Orange 1, 246 662 948 700 250 Passaic—Peoples Bank & Trust Co 13, 376 6,502 18, 595 1,000 500 Paterson—Hamilton Trust Co 5,477 4,829 9,881 750 750 Perth Amboy—Perth Amboy Trust Co 4,340 2,172 6, 350 300 300 Raritan Trust Co 1,013 214 1,258 200 100 Plainfield—Guaranty Trust Co 651 314 1, 073 250 50 Mid-City Trust Co 699 452 920 200 55 Plainfield Trust Co 11,245 5,539 17, 241 650 1,000 State Trust Co 3,125 565 3,725 150 150 Rahway—Railway Trust Co * 615 715 1, 063 2C0 100 Ridgefield Park—Ridgefield Park-Overpeck Trust Co. 2,167 940 3, 203 100 200 Rochelle Park—Rochelle Park Bank 83 214 249 50 30 Rutherford—Rutherford Trust Co 2,410 1,729 3, 070 250 550 South Orange—South Orange Trust Co 971 429 1,357 225 113 Westfield—Peoples Bank & Trust Co 3, 353 924 4, 247 200 300 Westfield Trust Co 3,356 1,075 4,346 300 200 West Orange—West Orange Trust Co 786 i 336 797 125 152 Westwood—Westwood Trust Co 796 | 405 1,038 200 125 NEW YORK Adams—Citizens Trust Co 1,205 313 1,334 150 75 Albany—First Trust Co 17, 969 9,922 33, 330 1,000 1,000 Amsterdam—Montgomery County Trust Co 3,815 1,885 4,336 200 600 Avoca—Bank of Avoca 223 328 479 50 30 Batavia—Genesee Trust Co 1,626 774 2,145 100 100 Belmont—State Bank of Belmont 401 99 433 50 100 Binghamton—Marine-Midland Trust Co 6,739 2,774 8,077 750 500 Blasdell—Bank of Blasdell 242 11 246 30 11 Brooklyn—Brooklyn Trust Co 70, 268 42,417 116,775 8, 200 10, 000 Buffalo—Liberty Bank 48, 735 20, 052 58, 309 5, 500 7,500 M. & T. Trust Co 72, 903 37, 280 100, 429 6,000 15, 000 Marine Trust Co 141, 399 56, 684 193, 087 10, 000 10,000 Canisteo—First State Bank 353 80 359 50 25 Chatham—State Bank of Chatham 1,026 1,798 2, 561 100 100 Cohocton—Cohocton State Bank 225 253 476 50 25 Depew—Bank of Depew 783 564 974 150 100 Dunkirk—Dunkirk Trust Co 1,088 1,441 2,039 250 125 East Aurora—Bank of East Aurora 2,264 640 2,963 150 150 Elmira—Chemung Canal Trust Co 7,044 4,855 9, 825 800 1,700 Endicott—Endicott Trust Co 2,372 1,017 3,C44 100 100 Union Trust Co 571 705 1,370 100 100 Farmingdale—Bank of Farmingdale 607 441 1,131 75 65 Floral Park—Floral Park Bank 1,765 686 2,189 100 50 Fredonia— Citizens Trust Co... 1,197 649 1,727 200 50 Geneva—Greneva Trust Co 2,877 1,342 4,168 250 150 Gloversville—Trust Company of Fulton County 2,093 565 2, 033 350 250 Hamburg—Peoples Bank of Hamburg 1,484 1,002 2,236 100 100 Hammondsport—Bank of Hammondsport 468 318 766 50 50 Hicksville—Bank of Hicksville 1,672 961 2,572 100 250 Ithaca—Ithaca Trust Co 4,792 2,839 7,267 400 400 Jamestown—Bank of Jamestown 11,472 4,479 15, 865 833 833 Johnson City—Workers Trust Co 2,572 2,343 4,604 200 200 Katonah—1\ orthern Westchester Bank 532 811 1,296 100 50 Kingston—Kingston Trust Co 5,072 4,878 8,133 250 700 Lackawanna—American Bank 877 871 1,709 100 80 Little Falls—Herkimer County Trust Co 2,245 3,153 4,819 350 350 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATE BANK MEMBERSHIP 243 [In thousands of dollars} Total Capital Surplus deposits DISTRICT NO. 2—Continued NEW YORK—continued Lowville—-Lewis County Trust Co 1,389 1,178 • 2,445 200 100 Malone—Peoples Trust Co 2,719 945 2,987 300 100 Mayville—State Bank of Mayville 430 604 1,039 50 100 Mineola—Nassau County Trust Co 2,457 2,139 4,592 300 200 Mount Kisco—Trust Company of Northern Westchester 580 335 880 100 25 Mount Vernon—Fleetwood Bank 406 433 777 200 70 New York—Amalgamated Bank 4,756 844 6,228 650 20 Bankers Trust Co 302,608 156,158 531, 941 25, 000 60, 000 Bank of Manhattan Trust Co 202,456 99,416 375,156 22, 250 40,000 Bank of New York & Trust Co 55,571 33, 735 105,666 6,000 8,000 Bank of Yorktown 3,213 1,045 3,684 1,500 225 Central Hanover Bank & Trust Co 277,485 261,354 594,442 21, 000 60,000 Chemical Bank & Trust Co 175, 327 114,794 297,396 21,000 40,000 Clinton Trust Co 1,657 1,029 2,039 500 500 Continental Bank & Trust Co 22,235 16, 327 36,341 4,000 6,000 Corn Exchange Bank Trust Co 91,279 111,670 232,068 15, 000 20,000 Fifth Avenue Bank 17,196 11,S72 32,584 500 2,000 Fulton Trust Co 9,302 7,949 16,543 2,000 2,000 Guaranty Trust Co 696,478 329,350 1,003,479 90,000 170, 000 Harbor State Bank 420 509 966 200 100 Hibernia Trust Co 8,626 3,419 14, 076 3,000 750 Irving Trust Co 269, 770 155,511 440,019 50, 000 55,000 Manufacturers Trust Co 172,013 87,149 266, 692 27,500 5,500 Marine Midland Trust Co 38,495 25, 660 53,401 10, 000 6,000 Mercantile Bank & Trust Co 3,058 2,249 5,930 900 600 Merchants Bank 901 544 1,257 400 100 New York Trust Co 124, 725 104, 372 252, 070 12, 500 25, 000 J. Henry Schroder Trust Co 751 3,769 4,226 700 350 Trade Bank 2, 924 1, 026 2,953 660 360 United States Trust Co 47, 788 19, 961 63, 543 2,000 24, 000 Niagara Falls—Power City Trust Co 20,276 11,051 26,130 4,000 1,200 Ogdensburg—Ogdensburg Trust Co 5,030 1,622 6,623 600 300 Olean—Olean Trust Co 861 429 1, 007 100 20 Oneida—Madison County Trust & Deposit Co 1,701 1,184 2,975 200 120 Orchard Park—Bank of Orchard Park 717 359 1,028 62 31 Oriskany Falls—First Trust & Deposit Co 523 498 870 100 50 Pearl River—State Bank of Pearl River 226 344 571 100 50 Perry—Citizens Bank 590 331 922 100 60 Pleasantville—Mount Pleasant Bank & Trust Co 2,257 721 2,936 200 100 Port Chester—Mutual Trust Co. of Westchester County 3,427 1,622 824 300 j 200 Rochester—Lincoln-Alliance Bank & Trust Co 42,521 10,061 609 j 2,000 3,000 Rome—Rome Trust Co 3,369 1,999 288 300 I 300 Scarsdale—Caleb Heathcote Trust Co 719 1,391 792 200 I 200 Schenectady—Schenectady Trust Co 9,417 3,992 961 750 1,000 Smithtown Branch, Bank of Srnithtown 789 650 376 50 50 Spring Valley—Ramapo Trust Co 826 647 951 200 75 Stony Brook—-Bank of Suffolk County 431 252 669 50 25 Syracuse—First Trust & Deposit Co 63,936 17, 359 218 5,400 4,400 Syracuse Trust Co 23,474 15, 993 022 2,500 2,750 Utica—First Citizens Bank & Trust Co 45,514 12,916 286 2,000 2,000 Watertown—Northern New York Trust Co 7,329 2,703 719 500 500 Westbury—Bank of Westbury Trust Co 1,111 955 865 100 50 White Plains—County Trust Co 7,472 1,941 500 1,500 DISTRICT NO. 3 DELAWARE Wilmington—Equitable Trust Co... 8,476 2,868 9,509 1, 500 2,100 Industrial Trust Co.__. 2,506 1,678 2,113 2,000 300 Security Trust Co 7,402 3, 537 9,664 1,121 1.500 Wilmington Trust Co. 25, 354 8,462 23,517 4,000 10,000 NEW JERSEY (See also District No. 2) Atlantic City—Equitable Trust Co 4,471 1,469 5, 573 200 150 Guarantee Trust Co 11,143 4,844 12,302 1,000 1, 000 Camden—Camden Safe Deposit & Trust Co 21,244 10, 989 30,661 1,200 3,600 Hightstown—Hightstown Trust Co 796 248 852 100 50 Princeton—Princeton Bank & Trust Co 3,203 1,039 4,315 300 300 Riverside—Riverside Trust Co ._. 1,002 121 1,379 100 150 Swedesboro—Swedesboro Trust Co 529 217 i 600 100 60 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
244 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD [In thousands of dollars] Invest- Total Loans ments deposits Capital Surplus DISTRICT NO. 3—Continued PENNSYLVANIA (See also District No. 4) Allentown-—Dime Savings & Trust Co. 1,516 1,768 500 450 Liberty Trust Co 4,114 1,145 1,095 653 806 Penn Trust Co_ 1,961 838 2,298 400 450 Bloomsburg—Bloomsburg Bank-Columbia Trust Co - - 1,447 2,346 375 125 Carlisle—Carlisle Trust Co 2,602 557 1,931 250 250 Chester—Chester-Cambridge Bank & Trust Co 7,348 3,412 8,498 1,050 1,850 Danville—Montour County Trust Co 229 329 504 125 35 Du Bois—Union Banking & Trust Co 1,403 1,201 1,972 250 600 Easton—Easton Trust Co - 6,125 1,691 6,259 250 1,100 East Petersburg—East Petersburg State Bank 186 76 181 50 25 Egypt—Farmers Bank of Egypt 399 250 573 60 100 Harrisburg—Central Trust Co_— 5,380 1,495 3,360 400 800 Dauphin Deposit Trust Co 3,069 2,313 6,195 300 600 Hazleton—American Bank & Trust Co. 3,207 2,029 4,501 450 350 Markle Banking & Trust Co 3,960 4,090 7,139 600 1,500 Peoples Savings & Trust Co 2,181 2,627 4,531 250 500 Honesdale—Wayne County Savings Bank 1,915 3,488 4,514 250 400 Houtzdale—Houtzdale Trust Co 218 445 429 125 80 Huntingdon—Grange Trust Co 535 386 740 125 90 Jenkintown—Jenkintown Bank & Trust Co 4,205 5,359 7,077 375 1,500 Kulpmont—Dime Deposit Bank & Trust Co 474 355 716 125 125 Lansdale—Lansdale Title & Trust Co-.. 315 254 408 125 33 Lemoyne—Lemoyne Trust Co 2,527 643 956 200 200 Lewistown—Lewistown Trust Co 625 209 523 125 75 Lock Haven—Lock Haven Trust Co 1,741 808 2,237 250 500 Luzerne—Merchants & Miners State Bank 223 126 289 50 12 Lyhens—Miners Deposit Bank & Trust Co 636 700 1,121 135 100 Mahanoy City—Merchants Banking Trust Co 944 705 1,284 200 250 Middletown—Citizens Bank & Trust Co 485 289 515 125 125 Mount Carmel—Liberty State Bank & Trust Co 775 705 1,051 150 200 Myerstown—Myerstown Trust Co 677 348 745 125 125 Nanticoke—Peoples Savings & Trust Co _. 415 488 659 180 25 New Oxford—Farmers & Merchants Bank 413 373 664 50 50 Norristown—Montgomery Trust Co 2,998 2,878 5,150 1,000 1,000 Norristown-Penn Trust Co 5,960 4,168 7,451 1,250 1,500 Orrstown—Orrstown Bank _._ 231 44 216 35 55 Paoli—Paoli Bank & Trust Co 224 235 363 125 75 Philadelphia—Fidelity-Philadelphia Trust Co 50,606 53, 007 83, 234 6,700 21,000 Girard Trust Co _ 25, 052 69,103 79, 716 4,000 16,000 Integrity Trust Co 43,348 14,442 47, 241 2,988 11,000 Ninth Bank & Trust Co 13,170 6,658 16,109 1,375 2,000 North City Trust Co 1,137 437 670 500 200 Pennsylvania Co. for Insurances on Lives, etc 138,308 65,990 192,304 8,400 27,000 Provident Trust Co _ 17,034 26,145 30, 626 3,200 12, 260 Prospect Park—Interboro Bank & Trust Co 575 239 646 125 72 Quakertown—Quaker town Trust Co 515 755 1,031 125 275 Reading—Berks County Trust Co 4,995 1,828 5,089 1,000 1,000 Schnecksville—Schnecksville State Bank 50 130 170 25 15 Schuylkill Haven—Schuylkill Haven Trust Co 1,260 1,018 2,092 125 350 Scran ton—Dime Bank-Lincoln Trust Co 10,594 5,519 13,040 1,500 1,000 Shamokin—Dime Trust & Safe Deposit Co 1,283 663 1,526 125 125 Shamokin Banking & Trust Co 570 697 1,078 125 125 Steelton—Steelton Bank & Trust Co 1,203 1,110 1,833 350 350 Tamaqua—Peoples Trust Co 900 587 1,153 150 150 Temple—Temple State Bank _ 180 256 388 75 15 Wilkes-Barre—Union Savings Bank & Trust Co 1,303 1,578 1,649 500 375 Wilkes-Barre Deposit & Savings Bank 3,014 2,631 4,707 499 1,693 Williamsport—Lycoming Trust Co 4,140 11, 341 2,000 500 Williamstown—Williams Valley Bank 499 303 757 50 50 Wyomissing—Peoples Trust Co _. 3,133 1,481 2,834 500 125 York—Guardian Trust Co 2,175 1,844 3,107 500 700 York Trust Co 5,667 1,775 6,690 750 1,500 DISTRICT NO. 4 KENTUCKY (See also District No. 8) Lexington—Security Trust Co 1,956 1,310 2,939 500 150 907 27 953 150 55 Richmond—State Bank & Trust Co Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATE BANK MEMBERSHIP 245 [In thousands of dollars] Loans Invest- Total Capital ments deposits DISTRICT NO. 4—Continued OHIO Akron—Firestone Park Trust & Savings Bank 3,868 1,665 6,073 200 300 First-Central Trust Co 54,475 6,665 50,434 7,227 2,000 Apple Creek—Apple Creek Banking Co 131 15 151 25 18 Atwater—Atwater Savings Bank Co 139 49 173 25 8 Barberton—First-City Savings Bank 1,349 257 1,604 100 85 Bellevue—Union Bank & Savings Co 1,295 524 1,629 150 100 Chagrin Falls—Chagrin Falls Banking Co 1,763 968 2,408 100 200 Cincinnati—Central Trust Co 43,410 14, 392 58,117 4,000 3,650 Fifth-Third Union Trust Co 51,490 22, 786 74, 694 5,000 5,000 Provident Savings Bank & Trust Co__ 20, 856 9,320 31, 794 1,800 2,700 Western Bank & Trust Co 10,197 4,245 12,972 1,250 1,250 Cleveland—Cleveland Trust Co _ 187, 974 52, 231 245, 628 13,800 9,200 Guardian Trust Co 99,498 37, 763 123,105 7,000 9,000 Midland Bank 21, 216 11, 366 28, 444 4,000 2,000 Union Trust Co 178,303 43, 710 221,085 22, 850 12,150 Columbiana—Union Banking Co __ 397 149 551 50 60 Conneaut—Citizens Banking & Trust Co 480 388 703 125 24 Conneaut Mutual Loan & Trust Co 981 1,130 2,292 125 125 Danville—Commercial & Savings Bank Co.._ 283 22 256 25 36 Delphas—Commercial Bank 1,016 177 1,076 75 100 Peoples Bank _. 366 171 583 50 25 Delta—Peoples Savings Bank Co 367 140 449 25 45 East Liverpool—Potters Bank & Trust Co _.. 1,604 1,378 2,829 580 300 Geneva—Geneva Savings & Trust Co 761 536 1,193 125 100 Gibsonburg—Gibsonburg Banking Co 459 118 489 50 25 Home Banking Co 474 88 533 25 12 Hillsboro—Hillsboro Bank & Savings Co... 99 143 391 50 40 Hubbard—Hubbard Banking Co 552 103 707 50 50 Lyons—Farmers State Bank 164 11 169 25 9 Middletown—American Trust & Savings Bank 1,500 839 2,358 150 90 Minerva—Minerva Banking Co 467 139 553 50 32 Minster—Minster State Bank 380 67 505 25 55 Napoleon—Napoleon State Bank 1,846 138 1,715 100 50 Newark— U N n ew io a n r k T r T u r s u t s C t C o o T 4 3 , , 3 6 3 1 1 0 1,2 6 6 0 0 5 4 5 , ,3 0 7 9 7 9 3 2 0 0 0 0 20 7 0 5 New Philadelphia—Ohio Savings & Trust Co 1,278 543 1,651 150 150 Orrville—Orrville Savings Bank 379 195 539 50 52 Pomeroy—Farmers Bank & Savings Co 165 264 421 50 30 Rittman—Rittman Savings Bank 400 151 510 60 27 St. Marys—Home Banking Co 756 265 1,009 100 42 Shelby—Citizens Bank 651 512 1,103 100 60 Shiloh—Shiloh Savings Bank Co 261 45 255 25 40 Toledoy-Toledo Trust Co __ 28,061 21, 772 50, 575 5,000 3,000 Vermilion—Erie County Banking Co 430 154 555 50 25 Wakeman—Wakeman Bank Co 190 55 250 25 15 Wellington—First Wellington Bank 878 138 892 100 100 Wooster—Commercial Banking & Trust Co 464 259 648 150 PENNSYLVANIA (See also District No. 3) Aliquippa—Woodlawn Trust Co _ 2,400 617 3,114 125 200 Ambridge—Ambridge Savings & Trust Co 1,105 1,671 2, 588 125 125 Beaver—Beaver Trust Co __ 1,238 434 1,220 300 200 Beaver Falls—Federal Title & Trust Co 782 242 783 200 60 East Pittsburgh—East Pittsburgh Savings & Trust Co 1,630 2,681 4,402 300 300 Erie—Security-Peoples Trust Co 7,597 2,425 10,451 300 900 Meadville—Crawford County Trust Co 1,590 837 2,266 250 250 New Brighton—Beaver County Trust Co 871 445 831 400 250 New Castle—Lawrence Savings & Trust Co 2,363 1,087 3,334 300 550 Paint Borough (Scalp Level P. 0.)—Merchants & Miners Bank 186 84 215 30 40 Pittsburgh—Allegheny Trust Co 3,941 3,839 6,233 700 1,000 City Deposit Bank & Trust Co 10,747 5,647 15, 546 1,000 1,000 Colonial Trust Co _ 16,831 8,064 22,313 2,600 3,000 Commonwealth Trust Co 9,061 4,210 11,946 1,500 1,700 Peoples-Pittsburgh Trust Co 45, 797 39,807 78, 591 5,823 15,000 Potter Title & Trust Co 4,778 4,412 7,529 500 900 Union Trust Co _ 99,658 98,193 153,290 1,500 63,500 Windber—Windber Trust Co 1,532 2,163 2,952 250 550 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
246 ANNUAL REPOET OF THE FEDERAL RESERVE BOARD [In thousands of dollars] Loans I m nv e e n s t t s - d T ep o o ta s l its Capital Surplus DISTRICT NO. i— Continued WEST VIRGINIA (See also District No. 5) Sistersyille—First Tyler Bank & Trust Co 1,676 49 1,512 200 100 Wheeling—Security Trust Co 2,791 1,213 3, 489 300 300 5,734 724 6,987 500 500 Wheeling Bank & Trust Co DISTRICT NO. 5 MARYLAND 6,140 2,952 10, 027 1,000 350 Baltimore—Baltimore Commercial Bank 37, 663 26, 697 60, 814 6,250 4,250 Baltimore Trust Co 18,317 10, 280 31, 902 2,500 2,000 Maryland Trust Co 194 111 331 25 20 Forest Hill-Forest Hill State Bank 1,346 156 1,414 100 100 Salisbury—Farmers & Merchants Bank NORTH CAROLINA Charlotte—-American Trust Co 9,893 3,984 17, 939 1,200 800 Independence Trust Co 4,176 996 4,629 1,000 500 Edenton—Bank of Edenton 794 92 547 100 100 Washington—Bank of Washington 527 175 812 100 91 Winston-Salem—Wachovia Bank & Trust Co__. 21, 402 10, 973 42, 329 2,500 2,000 SOUTH CAROLINA Bishopville—Peoples Bank 81 36 90 25 75 Charleston—Carolina Savings Bank 1,438 1,873 3,134 200 150 Chester—Commercial Bank 563 143 764 100 100 Hartsville—Bank of Hartsville 556 80 836 75 43 VIRGINIA Blackstone—Citizens Bank & Trust Co 609 35 620 100 50 Chase City—Peoples Bank & Trust Co 444 26 374 100 50 Galax—Peoples State Bank, Inc 402 18 399 50 31 Kenbridge—Bank of Lunenburg, Inc 480 85 460 65 110 Petersburg—Petersburg Savings & American Trust Co 2,497 1,226 2,703 750 250 Richmond—American Bank & Trust Co 16, 561 3,798 16, 740 3, 500 1,000 Bank of Commerce & Trusts 5,176 847 6, 000 600 600 State Planters Bank & Trust Co 17, 616 8,841 28, 211 2,500 1,500 Rural Retreat—Peoples Bank 131 2 35 9 WEST VIRGINIA (See also District No. 4) Berwind—Berwind Bank 895 599 1,251 100 100 Charleston—Kanawha Banking & Trust Co 2,545 834 3, 536 500 250 Kanawha Valley Bank 8,176 4,030 12, 956 1,000 1,200 Harpers Ferry—Bank of Harpers Ferry 109 48 141 25 5 Hurricane—Putnam County Bank 326 28 317 50 18 Martinsburg—Peoples Trust Co 1,988 232 2,019 250 150 Petersburg—Potomac Valley Bank 241 16 186 50 9 Romney—Bank of Romney 673 85 594 100 85 St. Marys—Pleasants County Bank 360 29 278 75 30 DISTRICT NO. 6 Birmingham—Birmingham Trust & Savings Co. 10, 708 3,006 17,146 1,000 1,200 Southern Bank & Trust Co 1,232 315 781 500 55 Clayton—Bank of Commerce 143 12 97 50 20 Evergreen—Peoples Bank 937 28 557 200 100 Guin—Marion County Banking Co 224 12 241 25 50 Marion—Marion Central Bank _. 627 80 454 50 150 Monroeville—Monroe County Bank 496 132 358 100 50 Selma—Peoples Bank & Trust Co 783 9 678 100 75 Winfield—Winfleld State Bank 92 26 134 25 12 FLORIDA Leesburg—Leesburg State Bank & Trust Co 335 345 100 50 Marianna—-Citizens State Bank._ 123 99 156 30 Tallahassee—Exchange Bank 207 129 371 50 50 West Palm Beach—Florida Bank & Trust Co... 124 1,294 1,276 100 50 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATE BANK MEMBERSHIP 247 [In thousands of dollars] Loans I m n e v n es t t s - de T p o o t s a i l ts Capital Surplus DISTRICT NO. 6—Continued GEORGIA Atlanta—Georgia Savings Bank & Trust Co. 2,386 1,440 3,257 500 500 Trust Company of Georgia 11,485 1,999 11,464 2,000 2,000 Bainbridge— Citizens Bank & Trust Co 625 48 524 100 20 Brunswick—Brunswick Bank & Trust Co... 752 481 904 230 118 Carrollton—Peoples Bank 596 10 511 60 12 Claxton—Citizens Bank 77 1 77 30 6 Columbus—Columbus Bank & Trust Co 5,141 1,146 6,042 850 650 Commerce—Northeastern Banking Co 240 100 253 100 65 Dawson—Bank of Dawson . 345 29 166 100 50 Eastman—Bank of Eastman 212 39 156 60 6 Greenville—Greenville Banking Co 342 14 235 95 36 Lawrenceville—Brand Banking Co 348 104 494 50 50 Lincolnton—Farmers State Bank 105 16 106 25 15 Millen—Bank of Alillen 345 13 307 50 50 Monroe—Bank of Monroe. 323 98 273 150 75 Farmers Bank 187 134 279 100 30 Pelham—Farmers Bank __. 283 17 206 100 50 Reynolds—Citizens State Bank 31 1 26 25 2 Rhine—Rhine Banking Co 105 1 110 25 6 Sasser—Bank of Sasser 100 2 34 25 33 Savannah—Citizens Bank & Trust Co 1,010 26 909 300 75 Savannah Bank & Trust Co 2,474 64 2, 006 700 200 Soperton—Bank of Soperton 180 3 170 25 18 Statesboro—Bank of Statesboro 1,045 177 670 100 40 Swainsboro—Central Bank _. 101 1 71 25 15 LOUISIANA (See also District No. 11) New Orleans—American Bank & Trust Co 8,316 3,472 10,897 1,000 500 Canal Bank & Trust Co 35, 803 17, 367 53, 219 6,075 2,250 Hibernia Bank & Trust Co 30, 634 13,384 49, 652 2,500 3,000 Interstate Trust & Banking Co.. 12,858 5,503 12, 875 750 1,150 Opelousas—Parish Bank & Trust Co 492 44 531 50 15 TENNESSEE (See also District No. 8) Greenville—Greene County Union Bank. 926 841 75 50 DISTRICT NO. 7 ILLINOIS (See also District No. 8) Argenta—Gerber State Bank 146 1 138 25 11 Auburn—Auburn State Bank 375 131 556 50 18 Barrington— First State Bank 475 106 386 100 50 Chicago—Adams State Bank 410 497 857 200 75 Central Republic Bank & Trust Co.... 106,189 47,181 168,940 14,000 10,000 Continental Illinois Bank & Trust Co.. 534, 405 222,861 746,569 75,000 65,000 Depositors State Bank 2,545 593 2,838 400 250 Drexel State Bank 2,480 1,298 4,065 500 350 Harris Trust & Savings Bank 44,609 35,957 91,365 6,000 6,000 Kaspan American State Bank... 3,614 4,502 6,978 1,600 400 Mercantile Trust & Savings Bank 4,869 2,960 9,051 600 400 Northern Trust Co. 37, 510 42,952 87,881 3,000 6,000 Security Bank of Chicago 3,938 1,516 5,277 700 400 Woodlawn Trust & Savings Bank 2,372 1,805 4,192 600 200 Cowden—State Bank of Cowden 192 5 203 25 10 Cuba—State Bank of Cuba__ 182 224 396 50 13 Eureka—Farmers State Bank 283 302 662 50 30 Evanston—Evanston Trust & Savings Bank 948 681 1,649 200 150 State Bank & Trust Co 4,818 3,322 9,897 500 500 Geneva—State Bank of Geneva 907 339 1,260 100 50 Hinsdale—Hinsdale State Bank 452 366 748 100 25 Joliet—Joliet Trust & Savings Bank 1,155 757 1,815 100 100 Matteson—First State Bank 137 3 123 25 25 Mattoon—Central Illinois Trust & Savings Bank 646 232 758 100 100 Oak Park—Oak Park Trust & Savings Bank 4,197 1,581 5,190 1,000 500 Suburban Trust & Savings Bank 623 989 1,182 200 200 Oswego—Oswego State Bank 151 15 150 25 10 Polo—Polo State Bank 452 85 455 60 30 125554—32 17 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
248 ANNUAL, EEPOET OF THE FEDERAL EESEEVE BOAED [In thousands of dollars] Total Capital Surplus deposits DISTRICT NO. 7— Continued ILLINOIS—continued Springfield—Ridgely Farmers State Bank 4,031 915 5, 677 600 150 Stockland—Sumner State Bank 129 24 143 50 10 Wenona—First State Bank 253 523 750 50 50 Wheaton—Wheaton Trust & Savings Bank 129 315 411 100 40 Wilmette—Wilmette State Bank 1,060 678 1,837 200 200 INDIANA Connersville—Fayette Bank & Trust Co 1,165 407 1,526 250 57 Elkhart—St. Joseph Valley Bank 2,456 1,471 3,502 250 200 Indianapolis—Fletcher Trust Co 10, 320 11,840 27, 020 1,500 1,500 Jamestown—Citizens State Bank 287 108 299 40 10 Richmond—Dickinson Trust Co 3,196 696 1,642 300 200 Rochester—United States Bank & Trust Co 355 116 457 75 25 South Bend—St. Joseph Loan & Trust Co 3,113 1,425 3,661 800 200 Terre Haute—Terre Haute Trust Co 4,254 1,978 5,884 500 500 Tipton—Farmers Loan & Trust Co 572 15 555 50 50 IOWA Algona—Iowa State Bank 427 642 1,215 50 40 Ames—Story County Trust & Savings Bank 498 111 557 50 22 Burlington—First Iowa State Trust & Savings Bank 5,290 1,954 6,364 600 450 Chariton—State Savings Bank 537 153 707 50 50 Charter Oak—Farmers State Bank 309 32 327 40 12 Cherokee—Cherokee State Bank 951 309 1,391 75 75 Des Moines—Bankers Trust Co 4,783 2,136 6,732 1,000 203 Fairbank— Fairbank State Bank 271 125 354 26 24 Fairfield—Iowa State Savings Bank 1,452 84 1,322 200 Farragut—Commercial Sayings Bank 92 2 84 40 Fort Madison—Fort Madison Savings Bank 1,010 1, 003 2, 315 100 80 Gilman—Citizens Savings Bank 247 2 197 60 12 Greenfield—Greenfield Savings Bank 243 53 30 12 Mechanicsville—Mechanicsville Trust & Savings Bank 240 105 379 50 25 Monticello—Monticello State Bank 3,071 1,113 4,163 200 200 Moorhead—Moorhead State Bank 239 2 235 30 30 Newton—Jasper County Savings Bank 996 849 2, 295 100 50 Osage—Home Trust & Savings Bank 504 268 807 50 30 Ottumwa—Union Bank & Trust Co 2,925 668 4, 401 300 150 Riceville—Riceville State Bank 100 1 104 25 10 Royal—Home State Bank 161 29 153 25 13 Shenandoah—Security Trust & Savings Bank 373 207 654 60 28 Storm Lake—Security Trust & Savings Bank 241 96 382 50 14 MICHIGAN (See also District No. 9) Adrian—Adrian State Savings Bank 659 1,048 1,730 150 100 Commercial Savings Bank 882 512 1,557 110 42 Lena wee County Savings Bank 944 956 1,715 150 63 Albion—Commercial & Savings Bank 573 350 773 100 55 Alpena—Alpena Trust & Savings Bank 3,213 2,871 5,978 400 200 Ann Arbor—Farmers & Mechanics Bank 2,763 656 3,472 250 250 State Savings Bank 3,268 2,110 5,199 400 400 Armada—Armada State Bank 414 95 491 25 25 Farmers State Bank 165 38 193 25 13 Bay City—Peoples Commercial & Savings Bank... 3,599 5,469 7,763 500 1,000 Big Rapids—Big Rapids Savings Bank 442 419 797 50 50 Blanchard—Blanchard State Bank 98 135 230 25 • 7 Blissfield—Blissfield State Bank 505 92 664 50 35 Brown City—Brown City Savings Bank 201 96 342 25 6 Cass City—Cass City State Bank 280 135 392 40 20 Pinney State Bank 297 320 624 50 25 Cassopolis—Cass County State Bank 299 71 357 40 18 Center Line—Center Line State Savings Bank 584 109 577 60 60 Charlotte—Eaton County Savings Bank 327 432 749 100 50 Chelsea—Farmers & Merchants Bank 414 302 671 50 50 Kempf Commercial & Savings Bank 416 196 546 60 40 Chesaning—Chesaning State Bank 967 426 1, 455 75 75 Coopersville—Peoples Savings Bank 363 224 536 25 13 Croswell—State Bank of Croswell 505 869 1, 336 90 35 Davison—Davison State Bank 335 53 390 50 25 Dearborn—Dearborn State Bank 4,092 2, 225 9,084 300 200 Guardian Bank of Dearborn 2,034 2,888 5,425 400 300 Detroit—Detroit Savings Bank 26, 394 11, 343 38,878 1, 500 2, 500 United Savings Bank _ __ 10,971 2,299 12,610 1,000 900 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
249 STATE BANK MEMBERSHIP [In thousands of dollars] I m n e v n es t t s - de T p o o t s a i l ts I Capital Surplus DISTRICT NO. 7—Continued MICHIGAN—continued Dundee—Monroe County Bank 155 439 40 25 Edmore—Edmore State Bank 119 254 30 9 Elk Rapids—Elk Rapids State Bank 73 257 35 18 Fennville—Old State Bank 173 479 50 18 Flint—Citizens Commercial & Savings Bank 1,017 5, 390 500 550 Genesee County Savings Bank 2,770 11. 340 1,000 800 Union Industrial Trust & Savings Bank 5,200 15,438 2,000 1,000 Frankenmuth—American State Bank 326 750 35 30 Frankenmuth State Bank 188 1, 695 100 100 Fremont—Fremont State Bank 181 422 50 25 Old State Bank 253 961 75 28 Grand Haven—Grand Haven State Bank 578 1,808 I 100 100 Peoples Savings Bank 918 j 50 50 Grand Rapids—American Home Security Bank 2,094 | 6,415 850 425 Grand Rapids Savings Bank 1,620 I 15,695 S 1, 000 1,000 Old Kent Bank ! 2,453 I 25,902 | 2,000 2, 000 Greenville—Commercial State Savings Bank J 360 j 1,008 j 50 50 Highland Park—Highland Park State Bank I 9,239 I 23,837 j 1,000 2,000 Hillsdale—Hillsdale Savings Bank ! 1,134 | 1,742 100 41 Holland—First State Bank I 561 I 2,920 | 200 100 Holland City State Bank 730 2, 544 200 100 Holly—First State & Savings Bank 363 1, 275 100 50 Howell—First State & Savings Bank 295 641 75 40 Imlay City—Lapeer County Bank 213 830 50 17 Peoples State Bank 146 ' 436 50 14 Jonesville—Grosvenor Savings Hank 146 468 50 25 Kalamazoo—Bank of Kalamazoo 1, 546 7, 264 GOO 235 Lakeview—Commercial State Savings Bank 141 269 25 9 Farmers & Merchants State Bank 127 300 40 10 Lapeer—Lapeer Savings Bank 291 911 75 34 Lenox & Richmond—Macomb County Savings Bank.. 188 855 ! 50 25 Lowell—City State Bank 209 511 I 25 25 Ludington—Ludington State Bank 690 1,593 ! 100 50 Manchester—Peoples Bank 187 447 j 25 25 Union Savings Bank 480 607 I 25 50 Manistee—Manistee County Savings Bank 1, 905 3,293 ! 200 100 Marcellus—G. W. Jones Exchange Bank 103 536 | 40 40 Marshall—Commercial Savings Bank 291 868 100 31 Mason—Farmers Bank 107 472 50 21 First State & Savings Bank 359 77 443 25 15 Midland—Chemical State Savings Bank 1,793 579 2,311 50 25 Milan—Peoples State Bank .' 647 82 625 50 50 Milford—First State Bank 393 311 726 25 25 Montague—Farmers State Bank __ 199 78 251 25 13 Mount Clemens—Citizens Savings Bank 3, 954 462 3,170 500 I 250 Mount Pleasant—Exchange Savings Bank 377 612 1, 026 S31 33 Isabella County State Bank 793 531 1,449 35 New Baltimore—Citizens State Savings Bank 257 172 416 25 New Haven—New Haven Savings Bank 128 169 324 25 I 10 Onsted—Onsted State Bank 179 30 205 25 | 12 Pigeon—Pigeon State Bank 399 132 486 25 I 13 Pinconning—Pinconning State Bank 191 109 298 25 I 8 Rogers City—Presque Isle County Savings Bank 680 587 1,353 30 20 Romeo—-Romeo Savings Bank 998 305 1,318 70 100 Royal Oak—Guardian Bank 50 306 337 100 50 Saginaw—Bank of Saginaw 10, 980 3,178 12, 483 100 1,000 St. Charles— P S e t o . p C le h s a A rle m s e S ri t c a a te n B St a a n t k e Bank 4,1 2 1 8 5 2 1, 5 1 2 8 9 7 4, 8 2 3 5 7 9 1, 5 2 0 5 0 0 40 2 0 5 St. Clair—Commercial & Savings Bank 800 811 1,773 25 38 S S S S S e a o p p b u u r a i e g r t n t h w a a g t — a H u L i c n a S a k g v k p — — e e a n — r F F — ta r a S u r C p S m it r i a t i e v i n G r z i g s e n r o n g & L w s s a e M S k B r e t s a e a n r t S S e c k t t h a a B a t t e e a n n t B B s k a a S n n t k k ate Bank 8 7 2 3 5 8 1 5 2 9 0 0 4 4 7 2 4 5 1 1 5 4 5 6 3 5 8 6 2 3 1 1 , , 7 4 2 5 1 1 3 2 8 0 3 4 5 8 2 1 1 3 7 5 0 0 0 5 0 0 0 1 5 2 5 7 1 0 0 0 5 5 Traverse City—Traverse City State Bank 1,170 1,345 2, 534 25 200 Utica—Utica State Savings Bank 534 262 782 200 25 Warren—State Savings Bank 611 199 798 50 38 Washington—Washington Sayings Bank 142 40 155 50 15 Williainston—Grossman & Williams State Bank 317 129 345 25 20 Williamston State Bank 339 194 478 40 25 50 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
250 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD [In thousands of dollars] Loans I m nv e e n s t t s - de T p o o t s a i l ts Capital Surplus DISTRICT NO. 7—Continued WISCONSIN (See also District No. 9) Baraboo—Bank of Baraboo 1 028 1 206 2,471 100 50 Burlington—Bank of Burlington 979 376 1,331 125 25 Kewaunee—State Bank of Kewaunee __ 778 430 1,172 80 40 Madison—State Bank of Wisconsin 6,266 1,454 7,201 1,000 555 Milwaukee—Badger State Bank 4,881 1,220 6,412 400 200 Marshall & Ilsley Bank . 20,828 7,046 29, 077 1,500 1, 500 Platteville—State Bank of Platteville 752 161 907 50 50 Plymouth—State Bank of Plymouth 596 229 754 100 25 Seneca—Farmers & Merchants State Bank ._ _ 363 16 342 35 18 Sheboygan—Citizens State Bank 3,194 1,450 4,919 500 400 Sturgeon Bay—Bank of Sturgeon Bay 1,737 1,518 3,296 200 50 DISTRICT NO. 8 ARKANSAS Batesville—Citizens Bank & Trust Co 278 177 578 50 20 Blytheville—Farmers Bank & Trust Co 341 8 543 200 40 Brinkley—Monroe County Bank- 205 19 210 35 20 Forrest City—Bank of Eastern Arkansas _ ._ 790 297 1,141 50 100 Little Rock—Bankers Trust Co 5,151 692 7, 006 600 120 Peoples Trust Co 2,784 457 3,271 350 150 Union Trust Co 6,465 1, 224 8,108 500 250 W B Worthen Co 2,586 409 3,561 200 300 Marvell—Bank of Marvell _ - 161 2 150 50 10 North Little Rock—Twin City Bank 605 31 836 100 50 Russellville—Bank of Russellville 384 162 574 75 38 Siloam Springs—Producers State Bank _ _ 142 13 146 25 5 Waldron—Bank of Waldron 210 7J 235 60 20 ILLINOIS (See also District No. 7) Belleville—Belleville Savings Bank __ 2,216 1,360 3,116 300 300 Collinsville—State Bank _ 495 242 654 100 50 East St. Louis—Union Trust Co. 1,213 2,051 3,286 600 200 Effingham—Effingham State Bank 651 280 972 110 25 Granite City—Granite City Trust & Savings Bank.. 735 443 1,154 150 88 Greenville—State Bank of Hoiles & Sons 925 120 1,023 120 40 Hanisburg—First Trust & Savings Bank 649 360 1,148 150 75 Hillsboro—Montgomery County Loan & Trust Co.. 480 247 655 80 40 Litchfield—Litehfield Bank & Trust Co 372 323 653 100 33 Madison—Union Trust Co 223 122 257 50 20 Mount Olive—Mount Olive State Bank. 128 199 275 50 10 New Athens—Farmers State Bank 100 112 194 25 13 O'Fallon—First State Bank.. ___ 170 32 184 25 5 Quincy—State Savings Loan & Trust Co 2, 492 819 3,154 500 100 KENTUCKY (See also District No 4) Louisville—Kentucky Title Trust Co 12, 285 4,100 3,162 1,000 1,250 Liberty Bank & Trust Co 18, 035 3,699 17, 018 1,000 2.000 Lincoln Bank & Trust Co 9,187 1,486 8,141 750 450 Owensboro—Central Trust Co 2,531 157 2,417 400 150 MISSISSIPPI Greenwood—Greenwood Bank & Trust Co ^ 981 77 995 200 75 MISSOURI (See also District No. 10) Camdenton—Cainden Countv Bank . 119 114 338 25 5 Iberia—Farmers & Traders Bank. 136 1 120 25 5 La Plata—Bank of La Plata 201 291 50 10 Lebanon—State Savings Bank _ 211 48 296 25 18 Luxemburg—Lernay Ferry Bank 844 334 1,189 50 40 Maplewood—Bank of Maplewood & Trust Co 704 648 1,270 100 25 Peoples State Bank _. 226 115 284 100 20 Marshall—Wood & Huston Bank 1,133 49 1,154 100 200 Normandy—Normandy State Bank _ _ 132 62 200 30 6 Pine Lawn—Pine Lawn Bank 158 49 264 30 15 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
251 STATE BANK MEMBERSHIP [In thousands of dollars] Invest- Total Loans ments deposits Capital Surplus DISTRICT NO. 8—Continued MISSOURI—continued Richmond Heights—Park Savings Trust Co 412 186 436 100 20 St. Louis—Baden Bank 1,498 1,130 2,431 200 150 Bremen Bank & Trust Co 1,685 3,947 5,587 400 500 Cass Bank & Trust Co 2,149 2,877 4,838 300 400 Chippewa Trust Co 1,231 551 1, 637 200 50 Chouteau Trust Co 403 632 795 200 40 Easton-Taylor Trust Co 935 752 1,556 200 100 Grant State Bank 619 1,142 1,549 200 40 Guaranty Bank & Trust Co 579 921 1,716 200 60 Jefferson Bank 1,703 1, 614 2,901 200 200 Jefferson-Gravois Bank 2,853 1,451 3,953 500 100 Laclede Trust Co 1,013 748 1,476 300 100 Lafayette-South Side Bank of Trust Co_. 13,183 9,279 20,638 2,150 1,450 Lindell Trust Co 1,262 955 2,034 300 100 Lowell Bank 1,405 2,235 3,217 200 100 Manchester Bank 3,352 1,788 4,791 500 200 Mercantile-Commerce Bank & Trust Co. 37, 637 57, 285 102, 048 10,000 5,000 Mississippi Valley Trust Co 42,009 22, 775 67,857 6,000 2,500 Mound City Trust Co 1,028 538 1,481 200 50 Natural Bridge Trust Co 707 533 1,198 200 50 North St. Louis Trust Co 1,114 1, 238 2,088 200 140 Northwestern Trust Co 3,824 5,144 7,882 500 1,000 Sarah-Olive Bank 219 167 252 120 24 Savings Trust Co 2,122 1,654 2,568 200 50 Scruggs, Vandervort & Barney Bank 1,561 1,020 2,869 200 100 Shaw Bank & Trust Co 567 451 894 200 80 Southern Commercial & Savings Bank._. 2,138 909 3,031 200 100 Southwest Bank 917 1,129 1,966 200 50 Tower Grove Bank & Trust Co 7,493 2,355 9,865 500 300 United Bank & Trust Co 4,402 3,524 7,754 1,000 500 Water Tower Bank 935 612 1,488 200 100 West St. Louis Trust Co 840 1,527 2,096 200 100 St. Louis County—Gravois Bank 410 429 864 50 50 Midland Savings Bank 51 84 118 30 2 North Side Bank . 66 123 180 25 6 Sedalia—Sedalia Trust Co 184 257 456 100 25 University City—University City Bank & Trust Co. 496 312 590 100 30 West End Bank 331 391 702 100 26 Versailles—Bank of Versailles 206 9 328 40 15 Washington—Franklin County Bank 397 116 455 50 25 Webster Groves—Webster Groves Trust Co 459 973 1,452 100 100 TENNESSEE (See also District No. 6) Brownsville—First State Bank _. 664 42 618 200 Greenfield—Greenfield Bank 270 13 247 30 30 18,936 3,952 26, 754 3,000 1,500 Memphis—Bank of Commerce & Trust Co DISTRICT NO. 9 MICHIGAN (See also District No. 7) 1,153 792 1,942 100 100 Escanaba—State Savings Bank 165 131 282 25 25 EwTen—State Bank Ewen 527 417 970 50 50 Gladstone—Gladstone Savings Bank 1,329 623 1,923 100 100 Iron Mountain—Commercial Bank 614 389 1,214 100 50 Menominee—Commercial Bank 656 560 1,346 100 50 Sault Ste. Marie—Central Savings Bank 562 1,223 1,706 100 60 Sault Savings Bank 160 534 674 30 South Range—South Range State Bank MINNESOTA Clinton—Clinton State Bank 212 47 261 25 6 Madelia—State Bank of Madelia 236 2 261 50 10 Plainview—Peoples State Bank 154 264 513 20 5 Revere—State Bank of Revere 183 28 147 30 25 South St. Paul—Drovers State Bank _. 811 276 1,146 100 10 Westbrook—Citizens State Bank 170 24 191 25 5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
252 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD [In thousands of dollars] Investments Capital Surplus DISTRICT NO. 9-Continued MONTANA Anaconda—Daly Bank & Trust Co 2,031 1,254 3,428 100 150 Belgrade—Belgrade State Bank _ _ 201 52 197 50 15 Billings—Security Trust & Savings Bank 858 843 2,064 100 100 Bozeman—Gallatin Trust & Savings Bank 366 276 758 100 40 Security Bank & Trust Co 360 106 415 100 35 Butte—Metals Bank & Trust Co 5,585 7,217 15,087 600 400 Miners Savings Bank & Trust Co 485 400 979 200 51 East Helena—East Helena State Bank... ._ 123 52 139 50 9 Fromberg—Clarks Fork Valley Bank 86 6 75 25 5 Hamilton—Ravalli County Bank 338 129 453 50 20 Helena—Union Bank & Trust Co 2,025 858 3,502 250 150 Opheim—First State Bank 92 13 54 25 Park City—Park City State Bank 103 112 243 25 8 Richey—First State Bank 202 27 157 25 17 Townsend—State Bank of Townsend 347 140 458 100 26 Worden—Farmers State Bank 51 36 112 25 7 SOUTH DAKOTA Belle Fourche—Butte County Bank 583 120 75 25 Buffalo— First State Bank 195 31 145 25 10 Camp Crook—Little Missouri Bank 148 17 202 25 10 Flandreau—Farmers State Bank 200 37 321 50 5 Madison—Security Bank & Trust Co 316 111 452 50 10 Mitchell—Commercial Trust & Savings Bank 635 885 1,747 100 60 Newell—Reclamation State Bank 279 21 432 25 15 WISCONSIN (See also District No. 7) Boyceville—Bank of Boyceville 129 137 284 30 6 Glenwood City—First State Bank 4 1 9 6 5 8 5 7 3 9 0 9 2 7 8 4 9 3 7 0 5 4 7 0 Hurley—Iron Exchange Bank DISTRICT NO. 10 COLORADO 1,905 551 3,015 500 53 Denver-Central Savings Bank & Trust Co 4, 856 5, 623 11,554 500 500 326 98 376 75 43 International Trust Co La Junta—Colorado Savings & Trust Co 450 128 575 100 „ KANSAS 244 66 461 50 25 Hiawatha—Merrill & Janes Bank 2 5 2 6 1 6 4 6 4 1 5 1, 2 26 48 4 2 3 0 0 0 2 5 0 3 Liberal—Citizens State Bank 518 177 1, 008 125 63 Sedan—Sedan State Bank Topeka—Fidelity Savings State Bank Winfield—State Bank of VVinfield. MISSOURI (See also District No. 8) 31 1, , 1 9 6 3 7 2 33, 4 91 9 1 2 85 2 , , 1 2 1 1 3 8 6, 2 0 0 0 0 0 2,0 1 0 C 0 0 Kansas City—Commerce Trust Co 8 1 8 7 3 8 8 2 9 2 5 1, 2 9 0 0 2 0 2 5 0 0 0 10 4 0 Merchants Bank 1,657 636 2,684 350 150 King City—First Trust Co St. Joseph—Empire Trust Co South St. Joseph—St. Joseph Stock Yards Bank Aurora—Fidelity StatNeE BBRaAnSkK._A. 415 437 50 15 Oakland—Oakland State Bank. 244 238 25 10 Western—Saline County Bank. 207 164 30 30 NEW MEXICO (See also District No. 11) Aztec—Citizens Bank._. _ 195 30 15 OKLAHOMA (See also District No. 11) Okarehe—First Bank of Okarche 204 63 242 50 17 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
253 STATE BANK MEMBERSHIP [In thousands of dollars] Loans I m nv e e n s ts t- de T p o o t s a i l ts Capital Surplus DISTRICT NO. 10—Continued WYOMING Evanston—Stockerowers Bank ___ 439 89 400 50 50 Mountainview—Uinta County State Bank 83 14 69 40 10 Newcastle—First State Bank 227 156 345 25 25 Powell—Park County Bank 56 66 133 25 5 Sundance—Sundance State Bank _ . 350 36 361 25 15 DISTRICT NO. 11 LOUISIANA (See also District No. 6) Shreveport—Continental-American Bank & Trust Co 4,223 653 4,908 700 175 NEW MEXICO (See also District No. 10) Deming—Mimbres Vallev Bank 235 284 489 50 25 OKLAHOMA (Fee also District No. 10) Valiiant—Farmers State-Guaranty Bank__ _. 69 50 131 25 3 TEXAS Abernathy—First State Bank 121 2 116 25 12 Beaumont—Security State Bank & Trust Co 514 193 842 125 11 Bedias—First State Bank . 26 2 47 25 6 Bishop—First State Bank 58 1 91 25 Brady—Farmers & Merchants State Bank 115 2 60 50 7 Brerrond—First State Bank 181 54 284 50 21 Brownfield—Brownfield State Bank 95 28 271 25 25 Brownsville—Texas Bank & Trust Co 549 124 736 100 30 Bryan—First State Bank & Trust Co T84 143 932 100 100 Canyon—First State Bank ._ .. 170 2 196 40 30 Clarendon—Farmers State Bank . 148 7 138 50 5 Clifton—Farmers State Bank . . _ . 252 37 348 50 25 Copperas Ccve—First State Bank 49 2 63 25 3 Dallas—Dallas Bank <fe Trust Co 5 320 2 965 10 935 1,000 500 Mercantile Bank & Trust Co 8,943 5, 084 14,332 2,000 200 Del Rio—Del Rio Bank <fe Trust Co 264 3 203 100 Ferris—Farmers & Merchants State Bank 181 4 246 50 50 Fornev—Forney State Bank 122 1 120 25 20 Franklin—First State Bank. 91 45 115 30 15 Frost—Citizens State Bank 120 2 109 25 35 Gatesville—Guaranty Bank & Trust Co 204 83 334 50 22 Greenville—Citizens State Bank 308 417 844 100 15 Hallsville— Farmers State Bank 60 1 74 25 1 Hamilton—Hamilton Bank & Trust Co 118 8 144 50 30 Headlev—Securitv State Bank 134 4 80 35 9 Iola—lola State Bank 45 46 25 13 Jacksonville—First State Bank 588 358 1,063 63 63 Junction—Junction State Bank 372 26 248 100 25 Killeen—First State Bank 120 3 169 35 15 Kirkland—First State Bank 72 4 39 35 Kosse—First State Bank 48 2 67 25 5 Leakev—First Ftate Bank 60 17 76 25 Loraine—First State Bank. 131 2 136 30 6 Lorenzo—First Ftate Bank 126 2 90 25 10 Luling—Lipscomb Bank & Trust Co 340 124 469 75 80 Madisonville—Farmers State Bank 99 13 169 25 15 Mataior—First State Bank 243 2 191 38 25 Mathis—First State Bank 120 5 84 30 20 McGregor—First State Bank . 109 5 131 50 8 McKinrey—Central State Bank __ _ . 329 31 548 75 9 Memphis—Citizens State Bank 377 7 291 75 27 Mertens—First State Bank 53 5 44 25 13 Mount Pleasant—Guaranty Bond Ftate Bank .._ _ 231 23 297 60 Murchison—First State Pank 75 6 66 25 Nacosrdoches—Commercial Ftate Bank 621 152 779 100 50 Rails—Securitv Ftate Bank <fc Trust Co 121 2 130 60 Richardson—Citizens State Bank 63 1 63 35 Roaring Springs—First State Bank 64 4 67 25 3 Robert Lee—First State Bank _._ 142 7 103 30 25 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
254 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD [In millions of dollars] Invest- Capital Surplus ments DISTRICT NO. 11—Continued TEXAS—continued Roby—First State Bank 118 15 91 40 7 Rochester—First State Bank 70 2 72 25 6 Royse City—First State Bank 20 142 50 5 Rusk—Farmers & Merchants State Bank & Trust Co 134 25 225 50 Shiro—Farmers State Bank 1 55 25 15 Sinton—Commercial State Bank 411 43 457 50 50 Slaton— First State Bank 96 3 87 40 1 Spearman—First State Bank 107 110 259 25 7 Stamford—Stamford State Bank 205 45 256 50 18 Sweetwater—Texas Bank & Trust Co 431 621 150 70 Taft—First State Bank 130 88 50 Tahoka—Security State Bank 36 2 43 25 Wellington—Wellington State Bank 133 3 197 50 Wharton—Security Bank & Trust Co 244 249 656 50 50 Wharton Bank & Trust Co 388 166 826 100 100 DISTRICT NO. 12 Buckeye—Buckeye Valley Bank 83 75 148 25 10 4,732 10, 268 1,050 550 Phoenix—Valley Bank & Trust Co 3,780 CALIFORNIA 706 1,011 100 25 Chico—Peoples Savings & Commercial Bank 373 457 1,131 75 104 Downey—Los Nitas Valley Bank 755 147 740 110 35 Kingsburg—Kingsburg Bank 418 2,246 11,314 1,000 250 Long Beach—Farmers & Merchants Bank 7,618 8,837 27, 447 5,000 2,000 Los Angeles—Union Bank & Trust Co 19,117 Pasadena—Citizens Commercial Trust & Savings 1,641 3, 523 300 150 Bank 1,785 75, 201 220, 309 10,000 10,000 San Francisco—American Trust Co 127,038 23, 734 75. 817 1. 500 2,250 Anglo-California Trust Co 43, 690 35 3,071 1.000 175 Bank of Montreal (San Francisco). _ _ 3,674 74, 219 150, 574 9,000 5,000 Wells Fargo Bank & Union Trust Co. 66,564 IDAHO Arco—Butte County Bank 68 97 140 35 8 Boise—First Security Bank 2, 282 896 •4, 276 150 100 Eagle—Bank of Eagle 116 19 119 25 5 Grangeville—Bank of Camas Prairie 305 132 468 50 25 Hazleton—Hazleton State Bank 104 57 133 25 7 Idaho Falls—Anderson Brothers Bank 1,431 909 2,853 150 75 Kimberly—Bank of Kimberly 119 72 164 25 5 Malad City—J. N. Ireland & Co., Bankers 206 136 342 40 20 Orofino—Bank of Orofino 142 169 355 25 13 Pocatello-—First Security Bank ._. 966 1,796 3,191 100 50 Richfield—First State Bank 39 90 25 5 Soda Springs—Largilliere Company Bankers 298 188 520 25 13 Twin Falls—Twin Falls Bank & Trust Co j 730 381 1,257 100 20 OREGON Albany—Albany State Bank . i 529 345 019 50 25 Beaverton—Bank of Beaverton s 406 124 545 25 25 Central Point—Central Point State Bank | 108 70 193 25 4 Dallas—Dallas City Bank i 301 106 460 50 20 Enterprise—Enterprise State Bank | 194 69 228 50 10 Fossil—Steiwer & Carpenter Bank I 325 63 276 100 12 Grants Pass—Grants Pass & Josephine Bank.. ! 351 369 755 100 50 Gresham—First State Bank ! 88 507 639 30 25 Haines—Bank of Haines 78 34 131 25 3 Hood River—Butler Banking Co 587 88 773 125 25 Marshfield—Bank of Southwestern Oregon 175 261 378 100 20 Medford—Jackson County Bank 675 34.8 1,115 100 20 Myrtle Point—Bank of Myrtle Point. 74 91 175 25 9 North Portland—Live Stock State Bank 213 94 324 50 8 Oakland—E. G. Young & Co. Bank 177 245 465 50 15 Reedsport—First Bank of Reedsport 50 48 118 25 5 Shaniko—Eastern Oregon Banking Co 170 69 172 25 15 Wasco—Bank of Commerce _. 303 17 229 55 11 Woodburn.—Bank of Woodburn __, ^_,.-| 298 248 574 50 10 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATE BANK MEMBERSHIP 255 [In thousands of dollarsj Invest- Total Loans ments deposits Capital Surplus DISTRICT NO. 12—Continued Ephraim—Bank of Ephraim 464 42 386 50 55 Fountain Green—Bank of Fountain Green 198 49 150 25 35 Gunnison—Gunnison Valley Bank 221 19 238 25 13 Helper—Helper State Bank 546 133 804 50 50 Kaysville—Barnes Banking Co 496 14 377 50 100 Logan—Cache Valley Banking Co 916 436 1,418 100 50 Ogden—Commercial Security Bank 2,075 938 3,764 300 100 Payson—State Bank of Payson 256 243 50 10 Price—Carbon County Bank. 316 348 50 GO Price Commercial & Savings Bank 473 212 680 50 70 Provo—Farmers & Merchants Bank 659 184 723 100 50 First Security Bank 640 281 1,103 100 100 Richfield—James M. Peterson Bank 504 25 380 50 50 Salina—First State Bank 673 9 650 25 100 Salt Lake City—Tracy Loan & Trust Co 779 309 993 250 200 Utah Savings & Trust Co 1,079 739 1,740 300 150 Walker Bank & Trust Co 9,370 7,510 20,106 1,500 675 Spanish Fork—Commercial Bank 502 27 518 50 50 Vernal—Bank of Vernal 229 36 166 19 WASHINGTON Almira—Almira State Bank 139 20 105 50 10 Buena—Buena State Bank _ 70 16 39 25 2 Chehalis—Coffman-Dobson Bank & Trust Co 1,137 522 1,740 150 100 Colfax—First Savings & Trust Bank of Whitman County 390 87 501 75 10 Coulee City—Security State Bank 47 26 57 25 Davenport—Lincoln County State Bank 295 65 272 50 ~~20 Ellensburg—Farmers Bank 429 396 919 100 50 Hoquiam—Bank of Hoquiam 548 637 1,101 100 50 Kelso—Cowlitz Valley Bank 126 199 285 30 30 La Crosse—First State Bank 294 62 332 60 20 S S P S S P P R R P R e o e t o u i u o o i . n l a t u m l y s c a z e J l t a t k a h t m v o h e l l l f — C i e i r h l o a l a o u — B l n i r n — S e y t p d — e y — — e — — P — n — B l e d a F P R a P C o h F P — a P n u p o i a i r u t i k l S t l m m r P z n y l i e m t v z m a e s a o e e a e i c e l r f r t l a B n C i l e o s l r f n u e R s s y i a i B p c S t o n S S y S & t S a s k S a S t t t a n t a a S a t M t t a l e k & t t t a a i t t e e e a a t e t e B e e t T B B B r e B a c B r B a a a n h u B a n n n a a k a n s a k k k n n t n k n k k t C k s o B . a .. nk - 4, 2 4 4 2 9 2 2 1 1 1 8 9 1 3 7 7 9 5 5 1 6 4 5 6 2 6 4 1 4 7 7 0 7 0 3, 4 9 2 2 1 1 1 8 1 4 3 5 3 2 7 1 9 6 8 3 6 3 5 9 1 8 4 5 4 0 10, 3 2 6 6 5 5 5 1 1 1 8 2 6 0 6 8 1 7 5 6 2 8 0 4 9 8 5 3 5 3 8 2 2 7 8 6 4 0 3 5 2 2 2 5 2 5 5 5 0 0 0 0 5 5 5 0 5 0 0 0 2 1 3 0 2 1 1 5 1 1 1 3 6 4 0 0 5 5 2 0 5 4 0 Spokane—Spokane & Eastern Trust Co 7,479 1, 615 10, 711 1,000 250 Washington Trust Co 1,290 401 1,805 200 100 T T U W W W Y e o n a a e i k p k i l l n b o o p l i a a m u n a e t — r t n c W a o — h i — w s T e a h S e e n l Y — l t — k — a a a o — t T k e C C a F i r U P o o a m a B S r e l m d n t u a m a o a e i m m n p o t r e V k e s l n e b r e a s r i s B o B l B a c l f S i a a S e a a V n W y n t t n l a k a k a k t B B t i l e e l l a a & b e B B n n y u k k T r a a B n n r & & u a k k n s T T t k r r C u u o s s t t C C o o 1 1 1 , , , 3 9 9 3 1 0 1 3 1 9 7 8 8 4 0 2 4 0 1 6 9 3 9 1 1 8 6 4 3 3 1 7 1 1 3 5 8 6 9 8 3 5 5 2 0 9 5 8 9 1 6 5 1 1 1 1 1 , , , , , 3 3 3 1 5 9 2 3 1 7 4 2 6 4 5 9 8 4 1 7 6 8 8 3 6 6 5 2 2 1 1 1 4 2 2 5 7 0 0 0 0 5 5 5 0 5 0 0 0 0 3 4 5 6 5 1 1 1 5 1 0 0 0 5 6 0 5 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
256 AHETTJAL REPORT OF THE FEDERAL RESERVE BOARD STATE BANK MEMBERS—SUMMARY CLASSIFICATION ACCORDING TO CAPITAL STOCK, DECEMBER 31, 1931 Number of banks with a capital stock of— State © i New England: Maine New Hampshire. Massachusetts-_. Rhode Island Connecticut Middle Atlantic: New York. New Jersey.- Pennsylvania East North Central: Ohio - 47 Indiana 9 Illinois 47 Michigan 107 Wisconsin 14 West North Central: Minnesota Iowa Missouri South Dakota Nebraska Kansas South Atlantic: Delaware Maryland Virginia West Virginia.-._ North Carolina-. South Carolina... Georgia Florida East South Central: Kentucky Tennessee Alabama Mississippi West South Central: Arkansas Louisiana Oklahoma Texas Mountain: Montana Idaho Wyoming Colorado New Mexico. Arizona Utah _ Pacific: Washington.. Oregon California Total. 878 114 ot 001,52$ 009,94$ 1 12 57 001,0 009,99$ 5 4 1 126 47 121 001,001$ 009,991$ 10 25 1 j. 2 1 52 151 ,000 ot ,999 73 98 1 Includes 1 bank in Minnesota with capital of $20,000 and deposits of $513,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
STATE BANK MEMBEESHIP 257 STATE BANK MEMBERS—SUMMARY CLASSIFICATION ACCORDING TO CAPITAL STOCK, DECEMBER 31, 1931—Continued [In thousands of dollars] Aggregate capital of banks with a capital stock of— State -3 New England: Maine 200 200 New Hampshire _. 75 75 Massachusetts 24,130 100 2,550 16,480 5,000 Rhode Island 10,200 200 5,000 5,000 Connecticut 2,800 200 2,600 Middle Atlantic: New York 375,960 30 400 137 1,500 450 5,450 8,643 24,000 335,350 New Jersey 41,533 50 75 1,100 425 5,025 5,700 22,491 6,667 Pennsylvania 62,978 25 65 200 135 2,615 7,349 5,703 25,963 20,923 East North Central: Ohio 75,592 225 450 135 600 975 700 580 11, 050 60,877 Indiana 3,765 40 50 75 800 1,300 1,500 Illinois 108,670 150 350 140 800 530 1,500 4,600 5,600 95,0C0 Michigan 21,605 500 430 1,100 715 1,700 410 2,550 3,450 10,750 Wisconsin 4,225 95 50 155 200 125 600 500 2,500 West North Central: Minnesota 250 70 30 50 100 Iowa 3,201 50 166 350 135 200 700 600 1,000 Missouri 34,200 100 130 250 120 5,650 2,000 3,150 22,000 South Dakota— — 350 75 100 75 100 Nebraska 105 25 50 Kansas 505 50 100 125 200 South Atlantic: Delaware 8,621 8,621 Maryland 9,875 100 3,500 6,250 Virginia 7,700 35 50 200 1,350 6,000 West Virginia 3,150 100 75 200 750 1,000 1,000 North Carolina 4,900 200 4,700 South Carolina 400 25 75 100 200 Georgia 5,825 150 100 215 600 150 530 2,050 2,000 Florida 280 50 200 East South Central: Kentucky 3,800 150 400 1,250 2,000 Tennessee 3,305 200 3,000 Alabama 2,050 50 100 200 200 500 1,000 Mississippi 200 200 West South Central: Arkansas 2,295 25 35 150 100 750 1,100 I Louisiana 11,075 50 1,450 3,500 6,075 Oklahoma 75 25 50 Texas 6,051 500 418 750 408 700 275 3,000 Mountain: Montana 1,825 125 150 500 450 600 Idaho 775 150 50 200 300 Wyoming 165 75 50 C olorado 1,075 75 1,000 New Mexico 80 30 50 Arizona 1,075 1,050 Utah 3,185 "466" 60 300 850 1,500 Pacific: Washington.. 3,805 200 145 400 135 500 150 675 600 1,000 Oregon 1,060 150 30 300 55 400 125 California 28,085 75 100 110 "366" 3,500 24,000 Total. 881,076 2,845 1,944 6,300 3,300 12,100 7,035 J38,979 43,976 177,455 587,142 1 Includes 1 bank in Minnesota with capital of $20,000 and deposits of $513,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
258 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD STATE BANK MEMBERS-—SUMMARY CLASSIFICATION ACCORDING TO CAPITAL STOCK, DECEMBER 31, 1931—Continued fin thousands of dollars] Total deposits of banks with a capital stock of— State S8 8.S New England: Maine 5,002 5,002 New Hampshire. 1,129 1,129 Massachusetts.. 242, 58; 2,162 47, r 187, 678 5,571 Rhode Island... 243, 288 2,751 148, 589 91, 948 Connecticut 32,154 1,352 30, 802 Middle Atlantic: New York 5, 255,428 246 5,597 2,159 25, 837 5,271 69, 916 128, 331, 564 4I., 686,148 New Jersey 570,137 249 841 12, 598 6,830 64, 021 57, 241 277, 592 150, 765 Pennsylvania... 170 431 1,891 961 21, oo: 82, 240 38, 714 427, 356 354,129 East North Central: Ohio 943, 547 2,741 4,789 1,586 731 10,474 15, 549 2,829 131, 327 765, 521 Indiana 44, 546 299 555 457 6,670 9,545 27,020 Illinois 1,179,124 3, 039 1,110 6, 685 4,297 11, 479 44, 599 100, 049 1, 006, 874 Michigan 299, 625 8,259 5,02617, 259i 11, 002 22,184 5,002 40, 449 34,2611 150,183 Wisconsin 59, 42f 915 907 2,146 3,225 1, 331 9, 708 4,919 36,278 West North Central: Minnesota 2,519 1965 147 261 1,146 Iowa 35, 426 257 1,288 4,244j 2,045 4, 610 6,364 6, 73! Missouri 377, 560 934 910 3,001! 6,344 252 56,113 26,491 28, 391 255,123 South Dakota._. 4, 267 779 773 ~- 1,747 Nebraska 839 238 "164 437 Kansas 3,556 248 461 575 1,008 1, 264 South Atlantic: Delaware 44,803 44, 803 Maryland 104,488 331 1,414 41, 929 60, 814 Virginia 55, 603 399 460 8,703 44, 951 West Virginia._. 33, 266 "iii 503 278 1,845 7,020 10, 523 12, 956 North Carolina. 66, 256 1,359 64, 897 South Carolina.. 4,824 90 764 3,134 Georgia __. 29, 250 51 77 801 902 2,098 1,813 11, 305 11,464 Florida— 2,489 156 371 1, 962 East South Central: Kentucky _. 34, 630 953 2,417 11, 080 20,180 Tennessee 28, 460 247 841 618 26, 754 Alabama 20,446 375|. 551L 557 """781 17,146 Mississippi 995 995 West South Central: Arkansas 26, 359 146 210 1,869 836 7,375 15,114 Louisiana 132, 082 531 17, 783 CO, 549 53, 219 Oklahoma- 373 131 242 Texas 41,101 1,945 1,354 3,706 2,798 4,508 1,46.; Mountain: Montana 28,121 641 789 7,123 4,481 15,087 Idaho 13, 908 1,381 482 468 4,448 7,129 Wyoming 1,308 839 400 Colorado 14,945 376 New Mexico . 707 218 Arizona 10, 416 148 10,268 Utah— 34, 787 1,038 3,736 "166 3,244 6,497 20,106 Pacific: Washington- 41,281 1,174 1,3201 3,710 833 5,861 1,740 5,124 10,808 10, 711 Oregon 8,469 1,334 639 2,970 229 2,524 773 California 494, 937 1,131 1,011 740 3,523 90, 202 398, 330 Total- 11, 501, 357 25, 566 14, 542,64,998 34,063 141, 93368,538 462,124 469,406 2, 391, 745 7,828,442 i Includes 1 bank in Minnesota with capital of $20,000 and deposits of $513,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 259 FIDUCIARY POWERS GRANTED TO NATIONAL BANKS Under section ll(k) of the Federal reserve act as amended, the Federal Reserve Board has authorized the national banks listed below to exercise one or more fiduciary powers as follows: (1) Trustee. (2) Executor. (3) Administrator. (4) Registrar of stocks and bonds. (5) Guardian of estates. (6) Assignee. (7) Receiver. (8) Committee of estates of lunatics. (9) Any other fiduciary capacity in which State banks, trust companies, or other corporations which come into competition with national banks are permitted to act under the laws of the State in which the national bank is located. The numerals opposite the name of each bank, which refer to the list given above, indicate the power or powers it is authorized to exercise. Powers Powers granted granted DISTRICT NO. 1 DISTRICT NO. 1—Continued CONNECTICUT CONNECTICUT—continued (See also District No. 2) Willimantic—Windham National Ito9. Ansonia—Ansonia National Bank Ito9. Bank. Canaan—Canaan National Bank Ito9. Winsted—Hurlbut National Bank... Ito9. D H e a r r b t f y or — d— B ~ i " rmingham National Bank- Ito9. MAINS Capitol National Bank & Trust Ito9. Auburn—National Shoe & Leather 1 to 7. Co. Bank. First National Bank Ito9, Augusta—First National Granite Ito9. Hartford National Bank & Trust Ito9. Bank. Meride C n o — . Home National B ank I to 9. Bang M or e — rchants National Bank___ 1 to 9. Middletown— Bar Harbor—First National Bank Ito4. Central National Bank Ito9. Bath- First National Bank Ito9. Bath National Bank..., Ito8. Middletown National Bank & Ito9. First National Bank Ito8. Trust Co. Belfast—City National Bank ._. Ito8. Mystic—Mystic River National Ito9. Biddeford—First National Bank of Ito9. Bank. Naugatuck—Naugatuck National Ito9. Camden—Camden National Bank Ito9. Bank. Damarlscotta—First National Bank 1,2,3,5, and New Britain— of Damariscotta. 6. City National Bank 1 to 8. Ellsworth—Liberty National Bank.. Ito9. New Britain National Bank 1 to 9. Farmington— New Haven— First National Bank 1 to 9. First National Bank & Trust Co. 1 to 8. Peoples National Bank 1 to 3, and 5. MerchantB National Bank.., Ito8. Fort Fairfield—Fort Fairfield Na- Ito9. National Tradesmen^ Bank & 1 to 9. tional bank. Trust Co. Fort Kent—First National Bank 1 to 3, 5 to 9. New Haven Bank, N. B. A—— itoS. i Houlton—First National Bank 1 to 5, and 9. Second National Bank 1 to 9. Lewiston— New London- ! First National Bank Ito9. National Bank of Commerce Ito9. 1 Manufacturers National Bank... 1 to 5, and 9. National Whaling Bank Ito9. Pittsfieid—Pittsfieid National Bank . Ito9. New London City National Bank 1, % 3, 5, 7, Portland- 8, and 9. Canal National Bank Ito9. New Milford—First National Bank- Ito9. First National Bank 1, 2, and 4. Norwich—Uncas-Merchants National Ito8. Portland National Bank „_. Ito9. Bank. Rockland—Rockland National Bank. Ito9. Putnam—Citizens National Bank 1 to 9. Rumford—Rumford National Bank.. Ito9. Rockville—Rockviile National Bank. Ilo9. Saco—York National Bank.. Ito9. Torrington—Torrington National Ito9. Skowhegan—First National Bank 1 to 9. Bank & Trust Co. Springvale—Springvale National Ito9. Wallingford—First National Bank... 1 to %. Bank, Waterbury— Thorn aston—Thomaston National 1 to 3, 5. 8 Citizens and Manufacturer* Na- Ito9. Bank. and 9 tional Bank. Van Buren—-First National Bank Ho3,5to7, Waterbury National Bank ltofl and 9. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
260 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD Powers Powers granted granted DISTRICT NO. 1—Continued DISTRICT NO. 1—Continued 11 AIN E—continued MASSACHUSETTS—continued Waldoboro—Medomak National Bank. 1 to 3, 5 to 7, Nantucket—Pacific National Bank... 1 to 9. and 9. Need ham—Needham National Bank. 1 to 9. Waterville—Peoples Tieonie Na- 1 to 9. ! New Bedford— tional Bank. | First National Bank._ 1 to 9. i Merchants National Bank 1 to 9. MASSACHUSETTS I Safe Deposit National Bank 1 to 9. j Newburyport— Abington—Abington National Bank !. First and Ocean National Bank.. I to 9. Adams- Merchants National Bank _. 1 to 8. First National Bank 1 to 8. I Newton—Newton National Bank 1 to 9. Graylock National Rank 1 to 7 and 9. ! North Adams—North Adams Na- 1 to 9. Araherst-—First National Bank 1 to 9. j tional Bank. Andorer—Andover National Bank... 1 to 9. | North A ttleboro—Manufacturers Na- 1 to 9. Athol— j tional Bank. Athol National Bank 1 to 3, 5 to 8. Northampton— Millers River National Bank l to 7 and 9. ! First National Bank 1 to 9. Attleboro—First National Bank 1 to 9. I Northampton National Bank & 1 to 9. Beverly—Beverly National Bank 1 to 9. I Trust Co. Boston- Orange—Orange National Bank.. 1 to 9. Atlantic National Bank 1 to 9. Palmer—Palmer National Bank 1 to 9. First National Bank 1 to 9. Peabody—Warren National Bank 1 to 9. Merchants National Bank 1 to 9. Pittsfield— National Rockland Bank.. _ 1 to 9. Agricultural National Bank 1 to 9. National Shawm at Bank „. 1 to 9. Pittsfield-Third National Bank 1 to 7 and 9. Second National Bank 1 to 9. & Trust Co. Webster & Atlas National Bank. 1 to 9. Plymouth- Brockton- Old Colony National Bank 1 to 5. Brockton National Bank ._. 1 to 9. Plymouth National Bank 1 to 4. Home National Bank 1 to 9. Provincetown—First National Bank,! 1 to 9. Cohasset—Cohasset National Bonk.. 1 to 9. Quincy—National Mount Wollaston 1 to 9. Dedham—Dednam National Bank... 1 to 9. Bank: of Quincy. Edgartown—-Edgartown National | 1 to 3. Salem—Merchants National Bank... 1 to 9. Bank. Shelburne Falls -—Shelburne Falls Everett—Everett National Bank 1 to 9. National Bank. 1 to 7 and 9 Fall River- Somerville—Somerville National Fall River National Bank 1 to 9. Bank. Ito9. Falmouth—Falmouth National Bank 1 to 9. Southbridge—Southbridge National Fitchburg—Safety Fund National | 1 to 9. Bank. 1 to 9. Bank. Springfield— Foxboro—Foxboro National Bank___ 1 to 9. Springfield National Bank 1 to 9. Framingham—Framingharn National 1 to 9. Third National Bank & Trust Co. 1 to 9. Bank. Tisbury—Martha's Vineyard Na- 1 to 8. Gardner—First National Bank 1 to 9. tional Bank. Gloucester—Cape Ann .National j 1 to 9. Townsend—TownsendNational Bank 1 to 3. Bank | Turners Falls—Crocker National 1 to 7 and 9. Great Barrington—National Ma- ! 1 to 9. Bank. haiwe Bank. ! Uxbridge—Blackstone National Bank 1 to 4, Greenfield—First National Bank & 1 to 9. Waltham—Waltham National Bank.. 1 to 7 and 9. Trust Co. i Wareham—National Bank of Ware- 1 to 9. Haverhill— ham. Essex National Bank 1 to 7 and 9. Watertown—Union Market National 1 to 9. First National Bank 1 to 4. Bank. Haverhill National Bank 1 to 9. Webster—First National Bank , 1 to 9. MerrimacK National Bank I 1 to 4. W ellesley—Wellesley National Bank. 1 to 9. Holyoke—Holyoke National Bank j 1 to 9. West field- Hudson—Hudson National Bank I 1 to 9. First National Bank 1 to 8. Ipswich—First National Bank ! 1 to 9. Hampden National Bank & 1 to 7 and 9. Lawrence—Bay State National Bank.i 1 to 9. Trust Co. Leominster— ! Winchendon—First National Bank . 1 to 9. Leorainster National Bank j 1 to 4. Winchester— Winchester National 1 to 9. Merchants National Bank- j 1 to 7 and 9. Bank. Lowell— Woburn—Woburn National Bank.... 1, 2, 3, 6, 7, Apple ton National Bank __. I to 9. and 9. Union Old Lowell National Bank. 1 to 9. Worcester- Lynn— ! Mechanics National Bank 1 to 9. Central National Bank 1 to 8. Worcester County National Bank 1 to 9. Manufacturers National Bank 1 to 9. Yarmouthport—First National Bank 1 to 9. National City Bank....—.. 1 to 5 and 7. of Yarmouth. Maiden— i First National Bank 1 to 9. NEW HAMPSHIRE Second National Bank.— 1 to 9. Berlin- Marblehead—National Grand Bank. 1 to 9. Berlin National Bank 1, 2, 4, f>, Marlboro- and 7. First National Bank 1 to 4. City National Bank „ 1. Peoples National Bank 1 to 9 Clareinont— Medford—First National Bank 1,2,3, and 5. Claremont National Bank.. 1 to 4. Methuen—Methuen National Bank. 1 to 8. Peoples National Bank 1. Miiford— Concord- Home National Bank „ __ 1 to 4. First National Bank _ 1 to 9. Miiford National Bank & Trust 1 to 9. Mechanicks National Bank ..! 1, 2, and 4. Co. National State Capital Bank J 1, 2, and 4. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
261 FIDUCIARY POWERS Powers Powers granted granted DISTRICT NO. 1—Continued DISTRICT NO. 1—Continued NEW HAMPSHIRE—continued VERMONT—continued Derry—Derry National Bank 1. Newport—National Bank of Newport 1 to 7 and 9. Dover- Northfield—Northfield National 1 to 9. Merchants National Bank 1 to 3. Bank. Strafford National Bank 1 to 4. Poultney—Citizens National Bank... 1 to 4. Exeter—Rockingham National Bank. 1, 2, and 4. Rutland- Franklin—Franklin National Bank__ 1. Central National Bank 1 to 7 and 9. Hanover—Dartmouth National Bank 1,2,4, and 9. Clement National Bank 1 to 3,5 to 7. Keene— Rutland County National Bank. 1 to 9. Ashuelot-Citizens National Bank. 1 and 4. St. Albans—Welden National Bank.. 1 to 4. Keene National Bank 1 to 4. St. Johnsbury— Laconia— First National Bank 1 to 6 and 9. Laconia National Bank ._ 1, 2, and 4. Merchants National Bank Ito8. Peoples National Bank.__ _. 1 and 4. Springfield—First National Bank Ito5. Lancaster—Lancaster National Bank. 1,2,4, and 9. Windsor—State National Bank Ito3, 5to7. Lebanon—National Bank of Leba- 1, 2, 4, 6, 7, non. and 9. DISTRICT NO. 2 Manchester— Amoskeag National Bank 1, 2, and 4. CONNECTICUT Manchester National Bank 1. (See also District No. 1) Merchants National Bank 1, 4, and 9. Milford—Souhegan National Bank 1 and 4. Bridgeport—First National Bank & 1 to 9. Indian Head National Bank 1 to 4, 6, 7, Danbury— and 9. City National Bank & Trust Co. 1 to 9. Second National Bank 1, 2f and 4. Danbury National Bank 1 to 9. Newport—Citizens National Bank... 1, 2, 4, 6, 7, Greenwich—First National Bank in._ 1 to 9. and 9. New Canaan—First National Bank Ito9. Peterboro—First National Bank 1, 4, and 9. & Trust Co. Plymouth—Pemigewasset National 1 and 4, . Norwalk—National Bank of Norwalk 1 to 9. Bank. Ridgefield—First National Bank & 1 to 9. Portsmouth- Trust Co. First National Bank... 1, 2, 4, 6, 7, South Norwalk—City National Bank- 1 to 9. and 9. Stamford— New Hampshire National Bank.. 1 and 9. First Stamford National Bank & 1 to 9. Rochester—Public National Bank... 1, 2, 4, 6, 7, Trust Co. and 9. Peoples National Bank 1 to 9. Tilton—Citizen's National Bank 1 and 2. Wilton—Wilton National Bank 1, % 4, 6, 7, NEW JERSEY and 9. (See also District No. 3) Wolfe boro—Wolfeboro National Bank 1 and 4. Allendale—First National Bank 1 to 9. RHODE ISLAND Allenhurst—Allenhurst National 1 to 9. Bank & Trust Co. Newport— Allentown—Farmers National Bank. Ito9. Aquidneck National Exchange Ito9. Asbury Park—Asbury Park National Ito9. Bank & Savings Co. Bank & Trust Co. Newport National Bank 1 to 9. Atlantic Highlands—Atlantic High- 1 to 8. Providence— lands National Bank. Blackstone Canal National Bank. 1 to 9. Bayonne—Mechanics' National Bank. 1 to 9. National Bank of Commerce & Ito9. Belleville—Peoples National Bank & 1 to 9. Trust Co. Providence National Bank _ Ito9. Be T rg ru en s f t i e C ld o — . Bergenfield National 1 to 9. Bank & Trust Co. VERMONT Bernardsville—Bernardsville Nation- 1 to 9. Barre—Peoples National Bank.. Ito9. al Bank. Bellows Falls—National Bank of Bel- Ito9. Boonton—Boonton National Bank... 1 to 9. lows Falls. Boundbrook—First National Bank... Ito9. Bennington— Butler—First National Bank 1 to 9. County National Bank Ito9. Caldwell— First National Bank Ito9. Caldwell National Bank Ito9. Bethel—National White River Bank. Ito9. Citizens National Bank & Trust Ito8. Brandon—First National Bank Ito4. Co. Brattle boro—Vermont Peoples Na- 1 to 9. Carlstadt—Carlstadt National Bank. 1 to 9. tional Bank. Carteret—First National Bank Ito9. Burlington—Howard National Bank Ito8. Clifton- & Trust Co. Clifton National Bank 1 to 9. Chelsea—National Bank of Orange 1 to 8. First National Bank 1 to 9. Ch C e o st u e n r— ty. National Bank of Chester.. 1,2,3, and 5. Closter National Bank & Trust Ito9. Danville—Caledonia National Bank.. Ito9. Co. Derby Line—National Bank of Derby Ito3,5and9. Cranbury—First National Bank Ito9. Line. Cranford—First National Bank 1 to 9. Enosburg Falls—First National Bank Ito9. Dover—National Union Bank ... Ito9. Manchester Center—Factory Point Ito9. Dunellen—First National Bank Ito9. National Bank. East Orange—First National Bank 1 to 9. Middlebury—National Bank of Mid- Ito9. Elizabeth—National State Bank 1 to 7 and 9. dlebury. Englewood—Citizens National Bank Ito9. Montpelier— & Trust Co. First National Bank Ito4. Flemington—Flemington National Ito9. Montpelier National Bank Ito9. Bank & Trust Co. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
262 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD Powers Powers granted granted DISTRICT NO. 2—Continued DISTRICT NO. 2—Continued NEW JERSEY—continued NEW JERSEY—continued Freehold- Perth Amboy— Central National Bank ._ Ito9. First National Bank 1 to 9. First National Bank Ito9. Perth Amboy National Bank Ito9. Frenchtown—Union National Bank__ 1 and 4, Phillipsburg— Qarfield—First National Bank Ito9. Phillipsburg National Bank & 1 to 8. Glen Rock—Glen Rock National Ito9. Trust Co. Bank. Second National Bank 1 to 9. Hackensack—City National Bank & Ito9. Plainfield—First National Bank 1 to 9. Trust Co. Pompton Lakes—First National Ito8. Hackettstown— Bank & Trust Co. Hackettstown National Bank Ito9. Prospect Park—Prospect Park Na- Ito9. Peoples National Bank Ito9. tional Bank. Hamburg—Hardyston National 1 to 8. Rahway— Bank. Citizens National Bank Ito9. Highland Park—First National Bank- Ito9. Rahway National Bank 1 to 9. Hillside-Hillside National Bank Ito9. Ramsey—First National Bank & 1 to 9. Hoboken—First National Bank Ito4. Trust Co. Irvington— Red Bank- Irvington National Bank 1 to 9. Broad Street National Bank 1 to 9. Peoples National Bank & Trust Ito9. Second National Bank & Trust 1 to 9. LO/rO». LvO. Jersey City- Ridgewood— First National Bank Ito9. Citizens National Bank & Trust 1 to 9. Franklin National Bank.__ 1 to 7 and 9. Co. Hudson County National Bank- 1 to 9. First National Bank & Trust Co. Ito9. Journal Square National Bank ltof. Roselle—First National Bank... 1 to 9. Kearny—First National Bank & Ito9. Rutherford—Rutherford National 1 to 9. La i m ru b s e t r t o v o il . le— Sa B y a re n v k i . lle—First National Bank 1 to 8. Amwell National Bank _._ Ito9. Soinerville—Second National Bank.. 1 to 4. Lambert ville National Bank Ito9. South Amboy—First National Bank. 1 to 9. Little Falls—Little Falls National Ito9. South River—First National Bank... 1 to 9. Bank. Summit—First National Bank & 1 to 9. Lyndhurst—First National Bank 1 to 9. Trust Co. Madison—First National Bank 1 to 9. Sussex—Farmers National Bank 1 to 5. Manasquan—Manasquan National Ito9. Tenafly—Northern Valley National 1 to 9. M x" e R> tu aann c Kl h r e . n—Metuchen National Bank_ 1 to 9. Union City—First National Bank 1 to 9. Milburn—First National Bank.. 1 to 9. Washington—First National Bank... 1 to 9. Milltown—First National Bank Ito9* Weehawken—Hamilton National 1 to 9. Montclair— First National Bank & Trust Co_- 1 to 9. Westfieid—National Bank of West- 1 to 9. Montclair National Bank Ito9. field. Morristown— West New York—First National 1 to 9. First National Bank 1 to 9. Bank. National Iron Bank 1 to 9. West Orange—First National Bank. 1 to 9. Newark- Westwood—First National Bank 1 to 9. Lincoln National Bank__ _ 1 to 9. Mount Prospect National Bank.. 1 to 9. NEW YORK National Newark & Essex Bank- 1 to 9. ing Co. Adams—Farmers National Bank 1 to 9 National State Bank. 1 to 9. Albany- New Jersey National Bank & Ito9. National Commercial Bank & 1 to 8. Trust Co. Trust Co. South Side National Bank & 1 to 9. New York State National Bank.. 1 to 9. Trust Co. Amityville—First National Bank & 1 to 6. Union National Bank 1 to 9. Trust Co. New Brunswick- Amsterdam- National Bank of New Jersey Ito9. Amsterdam City National Bank. 1 to 3, 5 to 8 Peoples National Bank ... Ito9. Farmers National Bank 1 to 9. Newton—Sussex & Merchants Na- I to 9. First National Bank _ 1 to 9. tional Bank. Auburn—Auburn-Cayifea National 1 to 9. Nutley— Bank & Trust Co. First National Bank Ito9. Babylon—Babylon National Bank 1 to 9. Franklin National Bank Ito9. & Trust Co. Oran O ge ra — nge National Bank Ito8. x$ BIG B w a i ld n— win National Bank & Trust 1 to 9. Second National Bank 1 to 9. Co. Palisades Park—Palisades Park Na- Ito9. Sunrise National Bank & Trust Ito9. tional Bank & Trust Co. Co. Passaic—Passaic National Bank & 1 to 9. Baldwinsville—First National Bank Ito9. Trust Co. & Trust Co. Pater son- Ballston Spa—Ballston Spa National Ito9. First National Bank 1 to 9. Bank. Labor National Bank Ito9. Batavia—First National Bank 1 to 9. National Bank of America 1 to 9. Bath—Bath National Bank 1 to 9. Paterson National Bank Ito9. Bay Shore—First National Bank & 1 to 9. Second National Bank 1 to 9. Trust Co. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FIDUCIARY POWERS 263 Powers Powers granted granted DISTRICT NO. 2—Continued DISTRICT NO. 2—Continued NEW YOEK-—continued NEW YORK—continued Beacon— Fort Plain—Fort Plain National 1 to 9. Fishkill National Bank _,__> 1 to 9. Bank. Matteawan National Bank of 1 to 9. Frankfort—Citizens First National Ito9. Beacon. Bank. Binghamton— Fredonia—National Bank of Fre- 1 to 9. City National Bank Ito9. donia. First National Bank 1 to 9. Freeport— Bridgehampton—Bridgehampton Ito9. Citizens National Bank. 1 to 9. National Bank. First National Bank & Trust Co. 1 to 9. Bronxville—Gramatan National 1 to 9. Fulton—Citizens National Bank & Ito9. Bank & Trust Co. Trust Co. Callicoon—Callicoon National Bank. Ito9. Geneseo—Genesee Valley National 1 to 9. Camden—First National Bank & 1 to 9. Bank & Trust Co. Trust Co. Glens Falls- Canajoharie— First National Bank 1 to 9. Canajoharie National Bank 1 to 9. National Bank of Glens Falls 1 to 9. National Spraker Bank Ito9. Gloversville— Canandaigua—Canandaigua Na- 1 to 9. City National Bank & Trust Co.. Ito9. tional Bank & Trust Co. Fulton County National Bank & 1 to 9. Cant F o i n r — st National Bank Ito9. Goshen—National Bank of Orange 1 to 9. St. Lawrence County National 1 to 3,5 to 8 County. Bank. Ito9. Granville— 1 and 4. Carmel—Putnam County National Farmers National Bank Bank. Washington County National Ito5. Carthage National Bank 1 to 9. Hamp B to a n n k. Bays—Hampton Bays 1 to 9. National Exchange Bank & Trust Ito9. National Bank. Co. Hancock—First National Bank 1 to 9. Catskill—Catskill National Bank & Ito8. Haverstraw—National B a n k <fc 1 to 9. Trust Co. Trust Co. Cazenovia—Cazenovia National Ito9. Hempstead—First National Bank 1 to 9. Bank. Hoosick Falls—Peoples First National 1 to 9. Cedarhurst—Peninsula National Ito9. Bank. Bank, Central Square—First National Bank. Ito9. LiOrBGIl— Ito9. Central Valley—Central Valley Na- 1 to 9. CiCtioz.ens National Bank & Trust tional Bank. First National Bank Ito9. Chester—Chester National Bank Ito9. Hudson- Clayton—First National Exchange Ito9. Farmers National Bank Ito9. Bank. First National Bank & Trust Co_ Ito9. Clyde—Briggs National Bank & Ito9 Hudson Falls- Trust Co. Peoples National Bank 1 to 9. Cohoes—National Bank of Cohoes.-. 1 to 8. Sandv Hill National Bank 1 to 9. Cooperstown— Huntington—First National Bank & lto9. First National Bank 1 to 9. Trust Co. Second National Bank 1 to 8. Dion— Corning—First National Bank & 1 to 8. Ilion National Bank & Trust Co. 1 to 9. Trust Co. Manufacturers National Bank... 1 to 9. Cortland— Irvington—Irvington National Bank Ito9. National Bank of Cortland 1 to 9. & Trust Co. Second National Bank & Trust 1 to 9. Islip—First National Bank 1 to 9. Co. Ithaca—First National Bank 1 to 9. Cuba- Jamestown—National Chautauqua 1 to 8. Cuba National Bank 1 to 9. County Bank. First National Bank 1 to 9. Kenmore—First National Bank 1 to 9. Delhi—Delaware National Bank 1 to 9. Kingston— Dolgeville—First National Bank 1 to 9. First National Bank of Rondout. Ito9. Dover Plains—Dover Plains Na- Ito9. National Ulster County Bank & 1 to 9. tional Bank. Trust Co. Dunkirk- Rondout National Bank 1 to 9. Lake Shore National Bank 1 to 9. Stateof New York National Bank. 1 to 9. Merchants National Bank 1 to 8. Lackawanna—Lackawanna National 1 to 9. East Rockaway—East Rockaway Ito9. i Bank. National Bank & Trust Co. Larchmont—Larchmont National Ito9. Edwards—Edwards National Bank.. 4. Bank & Trust Co. Ellenville—First National Bank & Ito9. Liberty—Sullivan County National 1 to 9. Trust Co Elmira—First National Bank & Trust Ito9. Little Falls—Little Falls National Ito9. Fairport—Fairport National Bank & 1 to 9. Li B vo a n n i k a . —Stewart National Bank & Ito9. Farmingdale—First National Bank.. Ito9. Lockport—Niagara County National 1 to 9. Far Rockaway—National Bank of 4. Bank & Trust Co. Far Rockaway. Lowville—Black River National Ito9. Floral Park—First National Bank 1 to 9. Bank. & Trust Co. Lynorook— Fonda—National Mohawk River 1 to 8. Lynbrook National Bank & Ito9. Bank. Trust Co. 125554—32 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
264 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD Powers granted DISTRICT NO. 2-Continued DISTRICT NO. 2—Continued NEW YORK—continued NEW YORK—continued Lynbrook—Continued. Ovid—First National Bank 4. Peoples National Bank & Trust Owego— Co. First National Bank... 1 to 9. Malone—Farmers National Bank... 1 to 9. Owego National Bank 1 to 9. Mamaroneck—First National Bank 1 to 9. Patchogue—Peoples National Bank. 1 to 9. & Trust Co. Pearl River—First National Bank & I to 9. Manhasset—First National Bank & Ito9. Trust Co. Trust Co. Peekskill— Massena—First National Bank & 1 to 9. Peekskill National Bank & Trust 1 to 9. Trust Co. Co. Mattituck—Mattituck National Ito9. Westchester County National 1 to 9. Bank & Trust Co. Bank. Merrick—First National Bank 1 to 9. Pelham—Pelham National Bank 1 to 9. Middletown—First Merchants Na- 1 to 9. Perry—First National Bank.... 1 to 9. tional Bank & Trust Co. Plattsburg— Mineola—First National Bank™ 1 to 9 Merchants National Bank in 1 to 9. Monticello—National Union Bank of Ito9. Plattsburg. Monticello. Plattsburg National Bank & 1 to 5, 7 to9 Morristown—Frontier National 4. Trust Co. Bank. Pleasantville—First National Bank.. 1 to 9. Mount Kiseo—Mount Kisco Na- 1 to 9. Port Chester—First National Bank: 1 to 9. tional Bank & Trust Co. & Trust Co. Mount Morris—Genesee River Na- Ito9. Port Henry—Citizens National Bank. 1 to 9. tional Bank & Trust Co. Port Jervis— Mount Vernon—First National Bank. Ito8. First National Bank 1 to 9. Newburgh— National Bank & Trust Co. of 1 to 9. Highland Quassaick National Ito9. Port Jervis. & Trust Co. Port Richmond—Staten Island Na~ 1 to 9. National Bank of Newburgh Ito9. tional Bank & Trust Co. New Rochelle— Port Washington—Port Washington 1 to 9. Central National Bank Ito9. National Bank <fc Trust Co. National City Bank_. 1 to 9. Potsdam—Citizens National Bank 1 to 9. New C C h h Y a a o s th e r a k N m - a tio & n al P B he a n n i k x National 1 1 t t o o 9 9 . . Poug F h a C k ll e o k e . i p l s l ie N — ational Bank & Trust 1 to 9. Bank & Trust Co. Farmers & Manufacturers Na- 1 to 9. Commercial National Bank & 1 to 9. tional Bank. D H F F G i o u a r T r a r r s n r c t r t u b i e m G N a s N t r r a a e C a n N t e i t o o n i a o . n e t n i N a o N a l a n l a B t a i t B o l i a o n a n B n n a k a a l k n l k B B a a n n k . k & 1 1 1 1 It t o t t t o o o o 9 9 . 9 9 9 . . . . R R i e B c d h a M F f n H i i e T k r e o l s r . r d o t c u k h N s — a t S a n t C p F t i s o r i o i r n n s . a g t N l s N a — B t a i a o t F i n n o ir k a n s l a t l B B N a a a n n t k i k o na & l . _ 1 I 1 1 , t 2 t o t o , o 9 a 9 9 n . . . d 3. Ki T n r g u s s b t o C ro o . National Bank of Ito9. Ri B ve a r n h k ea . d—Suffolk County National 1 to 9. La B fa ro y o e k tt l e y n N in a N tio e n w a l Y o B rk a . nk of Ito9. Ro T c r h u e s s t t e C r— o. First National Bank & 1 to 9. Li B be ro rt o y k l N yn at i i o n n N al e B w a Y nk o rk & . Trust 1 to 9. Rock F v ir i s ll t e N C a e ti n o t n e a r l - Bank 1. Co. National City Bank_ 1 to 9. Nassau County National Bank__ 1 to 9. Na C ti o o . nal Exchange Bank & Trust 1 to 9. Ro T m ru e s — t C Fa o r . mers National Bank & 1 to 9. National Safety Bank & Trust Co.1 to 9. Roscoe— First National Bank & 1 to 9. Peoples National Bank of Brook- 1 to 9. Trust Co. lyn in New York. Roslyn—Roslyn National Bank & 1 to 9. Public National Bank & Trust I to 9. Trust Co. Co. Rye—Rye National Bank 1 to 9. Sterling National Bank & Trust 1 to 9. St. Johnsville—First National Bank... 1 to 9. Co. Salamanca—First National Bank 1 to 9. Northport—First National Bank & 1 to 9. Saranac Lake—Adirondack National 1 to 9. Trust Co. Bank & Trust Co. Norwich— Saratoga Springs—Saratoga National 1 to 9. Chenango County National Bank Ito8. Bank. & Trust Co. Saugerties—First National Bank & 1 to 9. National Bank & Trust Co 1 to 9. Trust Co. Nyack—Nyack National Bank 1 to 9. Sayville—Oystermens National Bank 1 to 9. Olean— Scarsdale—Scarsdale National Bank 1 to 9. Exchange National Bank..._ 1 to 9. & Trust Co. First National Bank 1 to 9. Schenectady— I Oneida—Oneida Valley National Ito9. Mohawk National Bank- 1 to 9. Bank. Union National Bank 1 to 9. Oneonta— Sidney—First National Bank in 1 to 9. Citizens National Bank & Trust Ito9. Sidney. Co. Silver Creek—Silver Creek National 1 to 9. Wilber National Bank Ito9. Bank Ossining—First National Bank & Ito9. Skaneateles—National Bank & Trust 1 to 9. Trust Co. Co. Oswego—First & Second National Ito9. Southampton—First National Bank. 1 to 8. Bank & Trust Co. Spring Valley—First National Bank. 1 to 9. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FIDUCIARY POWERS 265 Powers Powers granted granted DISTRICT NO. 2—Continued DISTRICT NO. 3—Continued NEW YORK—continued NEW JERSEY Springville—Citizens National Bank- 1 to 9. (See also District No. 2) Stamford—National Bank of Stam- 1 to 9. ford. Absecon—First National Bank 1 to 9. Suffern—Suffern National Bank & 1 to 9. Atlantic City- Trust Co. Atlantic City National Bank 1 to 4. Syracuse- Chelsea-Second National Bank 1 to 9. Lincoln National Bank & Trust 1 to 9. & Trust Co. Co. Audubon—Audubon National Bank. 1 to 9. Merchants National Bank & 1 to 9. Barnegat—First National Bank 1 to 9. Trust Co. Beach Haven—Beach Haven Na- 1 to 9. Salt Springs National Bank 1 to 9, tional Bank & Trust Co. Tarrytown—Tarry town National 1 to 3, 5 to9 Beverly—First National Bank & 1 to 9. Bank. Trust Co. Ticonderoga—Ticonderoga National 1 to 9. Blackwood—First National Bank & Ito9. Bank. Trust Co. Troy- Bordentown—First National Bank... Ito9. Manufacturers National Bank... 1 to 9. Bridget on—• National City Bank 1 to 9. Brirlgeton National Bank......._ Ito9. Union National Bank.,..,. 1 to 9. Farmers and Merchants Na- 1 to 9. Tuckahoe—First National Bank & 1 to 9. tional Bank. Trust Co. Burlington—Mechanics National 1 to 9. Tuxedo—Tuxedo National Bank 1 to 9. Bank. Utica—Oneida National Bank & 1 to 9. Camden— Trust Co. American National Bank.. 1 to 9. Valley Stream—Valley Stream Na- 1 to 9. First Camden National Bank & Ito9. tional Bank & Trust Co. Trust Co. Walden—First National Bank & 1 to 9. Third National Bank & Trust Co. 1 to 9, Trust Co. Cape May—Merchants National 4. Walton—First National Bank & Ito9. Bank. Trust Co. Collingswood — Collingswood Na- Ito9. Warrensburg—Emerson National Ito9. tional Bank. Bank. Elmer—First National Bank ... Ito9. Warsaw—Wyoming County Na- Ito9. Olassboro—First National Bank 1 to 9. tional Bank. Iladdonfield—Haddonfield National 1 to 9. Warwick—First National Bank Ito9. Bank. Watertown— Hightstown—First National Bank... Ito9. Jefferson County National Bank. Ito9. Hopewell—Hopewell National Bank. Ito9. Watertown National Bank Ito8. Lakewood—Peoples National Bank.. 1 to 9. Watervliet—National Bank of Water- 1 to 9. Medford—Burlington County Na- Ito9. vliet. tional Bank. Waverly— Millville— Citizens National Bank 1 to 9. Mechanics NationalBank & Ito9. First National Bank 1 to 9. Trust Co. Wellsville—Citizens National Bank.. 1 to 9. Millville National Bank._ Ito9. Westbury—Wheatley Hills National 1 to 9. Mount Holly- Bank. Mount Holly National Bank Ito8. Westfield—National Bank of West- 1 to 9. Union National Bank & Trust Ito9. field. Co. Whitehall—Merchants National Ito9. New Egypt—First National Bank & Ito9. Bank. Trust Co. White Plains—Peoples National 1 to 9. Ocean City— Bank & Trust Co. First National Bank 1 to 7 and 9. Yonkers— Ocean City National Bank 1 to 9. Central National Bank 1 to 9. Paulsboro—First National Bank & 1 to 9. First National Bank & Trust Co. 1 to 9. Trust Co. Yonkers National Bank & Trust 1 to 9. Pemberton—Peoples National Bank. Co. & Trust Co. Penns Grove—Penns Grove National 1 to 9. DISTRICT NO. 3 Bank & Trust Co. Pitman—Pitman National Bank & 1 to 9.. DELAWARE Trust Co. I Pleasantville—Pleasantville National 1 to 9. Delmar—First National Bank Ito8 I Bank. Dover—First National Bank 1 to 9 Point Pleasant Beach- Harrington—First National Bank 1 to 9. Ocean County National Bank. 1 to 8. Laurel—Peoples National Bank Ito8. Point Pleasant Beach National 1 to 9. Milford—First National Bank & 1 to 9. Bank & Trust Co. Trust Co. Princeton—First National Bank. 1 to 9. Seaford—First National Bank Ito8. Roebling—First National Bank & 1 to 9. Smyrna- Trust Co. Fruit Growers National Bank & Ito9. Salem— Trust Co. City National Bank & Trust Co. Ito9. National Bank of Smyrna Ito9. Salem National Bank & Trust Ito9. Wilmington- Co. Central National Bank Ito9. Swedesboro—§wec|ej3bQ£© National ltaflL Union National Bank Ito9. Bank. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
266 ANNUAL KEPOET OF THE FEDERAL RESERVE BOARD 1 Powers Powers granted granted DISTRICT NO. 3—Continued DISTRICT NO. 3—Continued NEW JERSEY—continued PENNSYLVANIA—continued Toms Biver—First National Bank.. Ito9. Danville— Trenton- Danville National Bank 1 to 9. Broad Street National Bank 1 to 9. First National Bank 1 to 9. First-Mechanics National Bank-. 1 to 9. Darby—First National Bank _. I to 9. Prospect National Bank 1 to 9. Doylestown—Doylestown National 1 to 9. Ventnor City—Ventnor City Na- 1 to 9. Bank & Trust Co. tional Bank. Du Bois— Vineland—Vineland National Bank Ito9. Deposit National Bank 1 to 9. & Trust Co. Du Bois National Bank Ito9. Wildwood—Marine National Bank. 1 to 9. East Stroudsburg—Monroe County Ito9. Woodbury—First National Bank & 1 to 9. National Bank & Trust Co. Trust Co. Easton— Woodstown—"Woodstown National Ito9. Easton National Bank Ito9. Bank & Trust Co. First National Bank & Trust Co. 1 to 9. Ebensburg—First National Bank 1 to 9. PENNSYLVANIA Edwardsville—Peoples National 1 to 9. (See also District No. 4) Bank. Elizabethtown—First National Bank Ito9. Allentown— & Trust Co. Allentown National Bank Ito9. Emaus—Emaus National Bank Ito9. Merchants Citizens National Ito9. Emporium—First National Bank 1 to 9. Bank & Trust Co. Ephrata— Second National Bank 1 to 9. Ephrata National Bank.. 1 to 9. Altoona—First National Bank 1 to 9. Farmers National Bank—. 1 to 9. Ambler—First National Bank Ito9. Fleetwood—First National Bank & 1 to 9. Annville—Annville National Bank.. 1 to 9. Trust Co. Ashland—The Ashland National Ito9. Frackville—First National Bank & 1 to 9. Bank. irust L/O. Ashley—First National Bank. 1 to 9. Gap—Gap National Bank & Trust Co. Ito9. Atglen—Atglen National Bank. Ito3. Gettysburg— Avoca—First National Bank 1 to 9. First National Bank 1 to 9. Bangor— Gettysburg National Bank 1 to 9. First National Bank 1 to 9. Greencastle—First National Bank Ito9. Merchants National Bank 1 to 9. Hamburg—First National Bank & Ito9. Bedford- Trust Co. Farmers National Bank & Trust Ito9. Harleysville—Harleysville National Ito9. p. t_>0- 1 to 9. Bank. Ito9. BelleFfiornstt eN—atFioirnsat l NBaantiko n&a lT rBuasnt kCo.. 1 to 9. Ha B r a ri n s k b . urg—Harrisburg National Belleville—Belleville National Bank. 1 to 3. Hatsboro—Hatsboro National Bank._ 1 to 9. Berwick- Hatfield—Hatfield National Bank & Ito9. Berwick National Bank 1 to 9. Trust Co. First National Bank 1 to 9. Hazleton— Berwyn—Berwyn National Bank . 1 to 9. First National Bank 1 to 9. Bethlehem- Hazleton National Bank Ito9. Bethlehem National Bank Ito9. Honesdale—Honesdale National 1 to 9. First National Bank & Trust Co_ 1 to 9. Bank. Lehigh Valley National Bank 1 to 8. Honeybrook—First National Bank... Ito9. Blossburg—Citizens National Bank 1 to 9. Hummelstown—Hummelstown Na- 1 to 9. & Trust Co. tional Bank. Boyertown— Huntingdon- Farmers National Bank & Trust Ito9. First National Bank Ito9. Co. Union National Bank & Trust Co. 1 to 8. National Bank & Trust Co 1 to 9. Johnstown— Bradford—Commercial National 1 to 9. First National Bank... 1 to 8. Bank. Moxham National Bank 1 to 9. Bridgeport—Bridgeport National 1 to 9. Kane—First National Bank 1 to 9. Bank. Kennett Square—National Bank & 1 to 9. Bristol—Farmers National Bank of Ito9. Trust Co. of Kennett Square. Bucks County. Kutztown—Kutztown National Ito9. Catasauqua— Bank. Lehigh National Bank 1 to 9. Lancaster— National Bank of Catasauqua 1 to 9. Conestoga National Bank 1 to 9. Chambersburg— Fulton National Bank 1 to 9. National Bank of Chambersburg. Ito9. Lancaster County National Bank. 1 to 9. Valley National Bank Ito9. Langhorne—Peoples National Bank 1 to 9. unes D ie e r l — aware County National Bank. Ito9. La o n c s d i a r l u e s — i K F J\ i J r . st National Bank.. 1 to 9. First National Bank Ito9. Lansdowne—National Bank of Lans- 1 to 9. Clearfield— downe. Clearfield National Bank Ito9. Lebanon- County National Bank.- Ito9. First National Bank 1 to 9. Ooatesville— Lebanon National Bank 1 to 9. National Bank of Chester Valley- Ito9. Peoples National Bank 1 to 9. National Bank of Coatesville 1 to 9. Lehighton— Columbia- Citizens National Bank & Trust 1 to 9. Central National Bank... 1 to 9. Co. First Columbia National Bank.. 1 to 9. First National Bank Ito9. Conshohocken—First National Bank- 1 to 9. Lewisburg— Dallastown—First National Bank & 1 to 9. Lewisburg National Bank 1 to 9. Trust Co. Union National Bank Ho 9. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FIDUCIARY POWERS 267 Powers Powers granted granted DISTRICT NO. 3—Continued DISTRICT NO. 3—Continued PENNSYLVANIA—continued PENNSYLVANIA—continued Lewistown— Philadelphia—Continued. Citizens National Bank. Ito9. National Bank of Olney in Phila- Ito9. Miffiin County National Bank... Ito9. delphia. Russell National Bank Ito9. North Broad National Bank Ito9. Lititz—Farmers National Bank Ito9. Northeast National Bank & Ito9. Littlestow n—Littlestown National 1 to 9. Trust Co. Bank. Northwestern National Bank & Ito9. Lock Haven—First National Bank— Ito9. Trust Co. Luzerne—Luzerne National Bank 1 to 9. Philadelphia National Bank Ito9. Mahanoy City- Second National Bank Ito9. First National Bank 1 to 9. Sixth National Bank. Ito9. Union National Bank _ 1 to 8. Southwestern National Bank Ito8. Malvern—National Bank of Malvern. 1 to 9. Tioga National Bank & Trust Co_Ito9. Manheim— Tradesmens National Bank & Ito9. Keystone National Bank 1 to 9. Trust Co. Manheim National Bank 1 to 9. Tulpehocken National Bank & Ito9. Marietta—Exchange National Bank.. 1 to 4. Trust Co. Mauch Chunk—Mauch Chunk Na- Ito9. Philipsburg—First National Bank.__ Ito9. tional Bank. Phoenixville— Maytown—May town National Bank 1 to 4. Farmers and Mechanics Na- Ito9. Mechanicsburg—Second National 1 to 9. tional Bank. Bank. National Bank of Phoenixville Ito9. Media—First National Bank 1 to 9. Pine Grove—Pine Grove National Ito9. Millheim—Farmers National Bank Ito9. Bank & Trust Co. & Trust Co. Pittston—First National Bank Ito9. Milton-First Milton National Bank. 1 to 9. Liberty National Bank Ito9. Montoursville — First National 1 to 9. Plymouth—First National Bank 1 to 9. Bank. Port Allegany—First National Bank. Ito9. Montrose—First and Farmers Na- 1 to 9. Pottstown— tional Bank & Trust Co. Citizens National Bank & Trust Ito9. Mount Carmel— Co. First National Bank 1 to 9. National Bank of Pottstown Ito9. Union National Bank Ito9. National Iron Bank Ito9. Mount Joy- Pottsville— First National Bank & Trust Ito9. Merchants National Bank 1 to 9. Co. Miners National Bank Ito9. Union National Mount Joy Bank- Ito9. Pennsylvania National Bank & Ito9. Mount ville—Mountville National Ito4. Trust Co. Bank. Reading— Myerstown—Myerstown National Ito9. Farmers National Bank & Trust 1 to 9. Na "xR n ja t o i nn c KV o . ke— Pe v n ^O n . National Bank & Trust Co. 1 to 9. First National Bank Ito9. Reading National Bank & Trust Ito9. Miners National Bank_ 1 to 9. Co. Nanticoke National Bank 1 to 9. Red Lion— Nazareth—Nazareth National Bank Ito9. Farmers & Merchants National Ito9. Ne &p w fr iy ^ H r.- 1 u Oo Js. l t l /" a "o! n ~o d . —Farmers National Ito9. Fi B rs a t n N k. ational Bank & Trust Co. Ito9. Bank & Trust Co. Ridgway—Ridgway National Bank-. 1 to 9. Newtown—First National Bank & 1 to 7 and 9. Sayre—First National Bank 1 to 9. Trust Co. Schuylkill Haven—First National Ito9. New ville—First National Bank Ito9. Bank & Trust Co. Norristown— Schwenksville—National Bank & 1 to 9. Montgomery National Bank 1 to 9. Trust Co. Peoples National Bank.. Ito9. Scranton— Northampton—Cement National Ito8. First National Bank... 1 to 9. Bank of Siegfried. Third National Bank & Trust Co.Ito9. Northumberland—Northumberland Ito9. Union National Bank .... 1 to 9. National Bank. Selinsgrove—First National Bank Ito9 Oley—First National Bank- 1 to 9. Shamokin— Orwigsburg—First National Bank 1 to 9. Market Street National Bank.... Ito9. & Trust Co. National Bank of Shamokin Ito9. Oxford—National Bank of Oxford Ito9. Shenandoah—Merchants National Ito9. Palmerton—First National Bank 1 to 9. Bank. Patton—First National Bank Ito9. Shickshinny—First National Bank 1 to 3, 5 to 8. Pen Argyl—First National Bank 1 to 9. Shippensburg— Philadelphia- First National Bank 1 to 9. Central Penn National Bank 1 to 9. Peoples National Bank . 1 to 9. City National Bank & Trust Co.Ito9. Smethport—Grange National Bank Ito9. Commercial National Bank & Ito9. of McKean County. Trust Co. Souderton—Union National Bank & 1 to 9. Corn Exchange National Bank Ito9. Trust Co. & Trust Co. Spring City—National Bank & Trust 1 to 9 Erie National Bank ._ 1 to 9. Co. First National Bank Ito9. State College- Kensington National Bank Ito3 5 to 9. First National Bank 1 to 9. Market Street National Bank 1 to f7 and 9. Peoples National Bank Ito9. Mount Airy National Bank & Ito9. Stroudsburg— Trust Co. First National Bank Ito9. National Bank of Germantown 1 to 8. Stroudsburg National Bank Ito9. & Trust Co. Sunbury—First National Bank Ito9. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
268 ANNUAL, REPORT OF THE FEDERAL, RESERVE BOARD Powers Powers granted granted DISTRICT NO. 3—Continued DISTRICT NO. 4—Continued PENNSYLVANIA—continued KENTUCKY—continued Swarthmore—Swarthmore National 1 to 9. Paintsville— Bank <fc Trust Go. Paintsville National Bank 1 to 5,7 to 9. Tamaqua—- Second National Bank 1 to 8. First National Bank 1 to 9. Paris—First National Bank 1 to 5. 7 to 9. Tamaqua National Bank 1 to 9. Pikeville—First National Bank 1 to 8 Tioga—Grange National Bank 1 to 4. ij Pineville—Bell National Bank... 1 to 5, 7 to 9. Topton—National Bank of Topton... 1 to 4. Ij Richmond—Madison Southern Na- Ito9. Towanda—Citizens National Bank.. 1 to 9. I tional Bank & Trust Co. Tyrone- || Saylersv'lle—Saylersville National 2 to 8. Blair County National Bank & 1 to 9. j| Bank. Trust Co. [| Somerset— First National Bank___ 1 to 9. | Farmers National Bank .._„ 1 to 5, 7 to 9. Watsontown— Farmers National 1 to 9. !i First Nntiomil Bank 1 to i). Bank. Willmmsburg—First National Bank.. 1 to 4. Waynesboro— Winchester—Clark County National I to 5, 7 to 9. Citizens National Bank & Trust 1 to 9. Bank Co. OHIO First National Bank & Trust Co. 1 to 9. Weatherly—First National Bank 1 to 9. Alliance—Alliance First National 1 to 9. Wernersville—Wcrnersville National 1 to 9. Ashtabula— Bank & Trust Co. Farmers National Bank & Trust 1 to 9. West Chester— Co. First National Bank 1 to 9. National Bank of Ashtabula 1 to 7 and 9. National Bank of Chester County 1 to 9. Athens- & Trust Co. Athens National Bank 1 to 7 and 9. West Grove—National Bank & Trust Bank of Athens, N. B. A 1 to 7 and 9. Co. Bellaire—First National Bank. 1,3,4, 5, and Wilkes-Barre— 9. Second National Bank 1 to 9. Bradford—First National Bank 1 to 7 and 9. Wyoming National Bank 1 to 9. Cadiz—Union National Bank & 1 to 7 and 9. Williams port- Trust Co. First National Bank 1 to 9. Cambridge—Central National Bank. 1 to 7 and 9. Williamsport National Bank 1 to 9. r^mton—First National Bank... 1 to 7 and 9. Wrightsville—First National Bank... 1 to 9. Cincinnati— York- Atlas National Bank 1 to 9. Central National Bank & Trust First National Bank. 1 to 7 and 9 Co. Lincoln National Bank 1 to 0. Drovers and Mechanics National 1 to 9. Second Natfionnl Bank 1 to 7 and 9 Bank. Circleviile—First National Bank 1 to 7 and 9 First National Bank 1 to 9. Cleveland— Industrial National Bank of 1 to 9. Central United National Bank... 1 to 7 and 9. West York. National City Bank _ 1 to 7 and 9. Western National Bank. | 1 to 9. Columbus— York County National Bank 1 to 9. City National Bank & Trust Co. 1 to 7 and 9. York National Bank & Trust Co.; 1 to 9. Hunting* on National Bank 1 to 7 and 9. Ohio National Bank.. 1 to 7 and 9. DISTRICT NO. 4 j Coshocton— Commercial National Bank 1 to 7 and 9. KENTUCKY ! Coshocton National Bank 1 tofc. Dayton- (See also District No. 8) • Merchants National Bank & 1 to 9. Trust Co. Ashland— I Third National Bank & Trust 1 to 7 and P. Second National Bank | 1 to 5. 7 to 9. Co, Third National Bank .j 1 to 5, 7 to 0. Winters National Bank & Trust 1 to 1). Brooksvillo—First National Bank 1 to 5 and 8. Co. Covington —First National Bank & j 1 to 9. East Liverpool—Fir^t National Bank 1 to 7 and 9. Trust Co, I Findlay—First National Bank & 1 to 7 and 9. Cynthia na— I Trust Co. Farmers National Bank. _.| 1 to 9. Fostonn—(Jnion National Bank 1 to 7 and 9. National Bank of Cynthiana i 1 to 5. 7 to 9. Greenville—Second National Bank ... 1 to 7 and 9. Georgetown— ; Hamilton— First National Bank ! 1 to 9. First National Bank & Trust 1 to 7 and 9 Georgetown National Bank. i 1 to 5, 7 to 9. Co. Ilarian— j Second National Bank 1 to 9. Citizens National Bank .11 to 9. Hillsboro—Merchants N atioual Bank.. 1 to 7 and 9. Harlan National Bank __j1 to H, 7 to 9. Lancaster—Fait field National Bank.. 1 to 7 and 9. Lexinston—First National Bank & j 1 to 9. Lebanon — Lebanon - Citizens Na- 1 to 7 and 9 Trust Co. ! tional Bank & Trust Co. Ludlow—First National Bank | 1 to 9. Lorain—National Bank of Commerce. 1 to 7 and 9. Middlesboro—National Bank of I Ito5, 7 to 9. Mansfield—Citizens National Bank 1 to 4 and 9. Middlesboro. i & Trust Co. Mount Sterling— Marietta- Montgomery National Bank.... 1 to 8- Citizens National Bank 1 to 7 and 9. Mount Stciling National Bank... 1 to 9. First National Bank 1 to 7 and 9. Traders National Bank . 1 to 5, 7 to 9. Marion—National City Bank & 1 to 7 and 9. Newport- Trust Co. American National Bank 1 to 5, 7 to 9. Mount Vernon—The Knox National 1 to 7 and 9, Newport National Bank 1 to 5, 7 to 9. Bank. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FIDUCIARY POWERS 269 Powers Powers granted granted DISTRICT NO. 4—Continued DISTRICT NO. 4—Continued OHIO—continued PENNSYLVANIA—continued Newark—Park National Bank._ 1 to 7 and 9. McKeesport—Firs t National Bank... Ito9. New Philadelphia—Citizens National 1 to 7 and 9. Meadviiie— Bank. First National Bank 1 to 5, 7 to 9. Painesville — Painesville National Ito7. Merchants National Bank & 1 to 9. Bank & Trust Co. Trust Co. Piqua— Meyersdale—Citizens National Bank. 1 to 9. Citizens National Bank & Trust 1 to 9. Monessen—Peoples National Bank Co. & Trust Co . 1 to 8. Piqua National Bank & Trust 1 to 7 and 9. New Bethlehem—First National Co. Bank. 1 to 9. Portsmouth— New Brighton—Union National Bank First National Bank 1 to 7 and 9. New Castle- 1 to 9. Security Central National Bank. 1 to 7 and 9. Citizens National Bank Ito9. Ravpnna—Second National Bank 1' 4, and 9. First National Bank of Lawrence Ito9. St. Clairsville—First National Bank.. 1 to 7 and 9. County. Sandusky—Third National Exchange Ito9. New Kensington— Bank. First National Bank Ito8. Springfield- Logan National Bank & Trust Ito7. First National Bank & Trust Co.. Ito9. Co. Lagonda-Citizens National Bank. ! Oakmont—First National Bank Steuben ville— 1 to 7 and 9. Oil City- National Exchange Bank & Trust First National Bank Ito9. Co. 1 to 7 and 9. Oil City National Bank Ito9. Peoples National Bank . Pittsburgh- Tiffin- 1 to 7 and 9. Diamond National Bank 1 to 9. Commercial National Bank. 1 to 7 and 9. Duquesne National Bank Ito9. Tiffin National Bank. 1 to 7 and 9. Farmers' Deposit National Bank. 4 and 9. Toledo—First National Bank 1 to 7 and 9. First National Bank. 1 to 9. Troy—First Troy National Bank & 1 to 7 and 9 Forbes National Bank 1 to 9. Trust Co. Mellon National Bank I to 9. Urbana—Champaign National Bank. 1 to 7 and 9. National Bank of America at Ito9. Warren—Second National Bank 1 to 9. Pittsburgh Wilmington—Clinton County Na- 1 to 7 and 9 Union National Bank 1 to 9. tional Bank & Trust Co. Punxsutawney—Punxsutawney Na- 1 to 9. Wooster—Wayne County National Ito9. tional Bank. Bank. Heynoldsville—First National Bank. 1 to 9. Youngstown— Sharon— Commercial National Bank- 1 to 7 and 9. First National Bank.. 1 to 9. Mahoning National Bank Ito9. McDowell National Bank__ 1 to 8. Zanesyille— Merchants and Manufacturers 1 to 9. Citizens National Bank in Zanes- 1 to 7 and 9. National Bank, ville. Tarentum—First National Bank & Ito9. First National Bank „___ 1,4, and 9. Trust Co. Titusville—Second National Bank... Ito9. PENNSYLVANIA Uniontown— Second National Bank.. 1 to 9, Warren—Warren National Bank..... 1 to 9. (See also District No. 3) vVashington—Citizens National Bank. 1 to 3, 5 to 7, and 9. Arnold—National Deposit Bank of 1 to 9. Waynesburg—First National Bank 1 to 5, 7 to 9, Arnold. & Trust Co. Beaver Falls—First National Bank.. Ito9. Zelienople—Peoples National Bank... 1 to 4. Brookville—Jefferson County Na- 1 to 9. tional Bank. WEST VIRGINIA Butler—Butler County National Ito9. Bank & Trust Co. (See also District No. 5) Canonsburg—First National Bank... 1 to 9. Connells ville—National Bank & Ito9. Elm Grove—First National Bank 1 to 9. Trust Co. of Connellsville. Sistersville—Union National Bank.. . 1 to 9. Donora—First National Bank 1 to 9. Wheeling- Ellwood City—First National Bank.. 1 to 9. National Bank of West Virginia- 1 to 9. Erie- National Exchange Bank Ito9. First National Bank 1 to 9. Marine National Bank Ito9. DISTRICT NO. 5 Second National Bank Ito9. Ford City—First National Bank & Ito9. DISTRICT OF COLUMBIA Trust Co. Franklin—Lamberton National Bank Ito9. Washington- Greensburg—First National Bank & 1 to 9. Commercial National Bank Ito8. Trust Co. District National Bank .._ 1 to 8. Greenville- Federal-American National Bank 1 to 8. First National Bank Ito9. & Trust Co. Greenville National Bank Ito9. Franklin National Bank Ito8. Grove City- Liberty National Bank Ito8. First National Bank , Ito9. Lincoln National Bank Ito8. Grove City National Bank Ito9. National Bank of Washington Ito8. Knox—Clarion County National Ito9. National Metropolitan Bank Ito8. Bank of Edenburg. Riggs National Bank__ _ Ito8. Leechburg—First National Bank Ito9. Second National Bank Ito8. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
270 ANNUAL EEPOET OP THE FEDEBAL EESEEVE BOARD Powers Powers granted granted DISTRICT NO. 5—Continued DISTRICT NO. 5—Continued MARYLAND SOUTH CAROLINA—continued Baltimore- First National Bank _ Ito9. Greenville- Western National Bank Ito9. First National Bank.. 1 to 9. Cumberland- Peoples National Bank 1 to 9. First National Bank 1 to 9. Holly Hill—First National Bank 1 to 3, 5 to 9 Second National Bank 1 to 9. Orangeburg—Edisto National Bank., 1 to 9. Denton—Denton National Bank 1 to 9. Rock Hill—Peoples National Bank.. 1 to 9. Easton—Easton National Bank 1 to 9. Spartanburg— Frederick- Central National Bank 1 to 9. Farmers & Mechanics National 1 to 9. First National Bank 1 to 9. Bank. Sumter—National Bank of South 1 to 9. Frederick County National Bank. Ito9. Carolina. Hagerstown— Nicodemus National Bank 1 to 9. VIRGINIA Second National Bank Ito9. Pocomoke City—Citizens National Ito9. Abingdon—First National Bank 1 to 9. Bank. Rising Sun—National Bank of Rising Ito9. Alexandria National Bank... 1 to 9. Sun. Citizens National Bank. Ito9. Rockville—Montgomery County Na- 1 to 3. First National Bank. 1 to 9. tional Bank. Appalachia—First National Bank 1. Salisbury—Salisbury National Bank. Ito9. Bedford—Peoples National Bank Ito9. Snow Hill—First National Bank Ito9. Blackstone—First National Bank Ito9. Towson—Towson National Bank 1 to 9. Bristol—Dominion National Bank... Ito9. Westminster- Charlottesville— Farmers & Mechanics National Ito9. National Bank & Trust Co. at 1 to 9. Bank. Charlottesville. First National Bank 1 to 9. Peoples National Bank Ito9. Williamsport—Washington County Ito9. Clifton Forge- National Bank. Clifton Forge National Bank 1 to 9. First National Bank 1 to 6 and 9 NORTH CAROLINA Covington— Citizens National Bank ._ Ito9. Asheboro—First National Bank Ito9. Covington National Bank__ Ito4. Asheville—First National Bank & I to 9. Crewe—First National Bank Ito9. Trust Co. Culpeper—Second National Bank Ito9. Charlotte- Danville- Charlotte National Bank _. 1 to 9. American National Bank & 1 to 9. Commercial National Bank Ito9. Trust Co. Merchants & Farmers National Ito9. First National Bank 1 to 9. Bank. Emporia— Union National Bank 1 to 9 Citizens National Bank ito9. Concord—Concord National Bank... 1 to 9 First National Bank Ito9. Durham—First National Bank 1 to 9 Fairfax—National Bank of Fairfax... Ito9. Elizabeth City—First & Citizens Ito9. Fannville— National Bank. First National Bank _ 1 to 9. Fayetteville—Cumberland National Ito9. Peoples National Bank Ito9. Bank. Fredericksburg—Planters National Ito9. Gastonia— Bank. Citizens National Bank 1 to 9. Hampton—Merchants National Ito9. First National Bank.. ._ _ 1 to 9. Bank. Graham—National Bank of Ala- Ito9. Harrisonburg— mance. First National Bank Ito9. High Point—Commercial National Ito9. National Bank of Harrisonburg-.. Ito9. Bank. Rockingham National Bank Ito9. Mooresville—First National Bank_ .. 1 to 9. Leesburg— Mount Airy—First National Bank.. Ito9. Loudoun National Bank 1 to 9. Oxford—First National Bank of Ito9. Peoples National Bank Ito9. Granville at Oxford. Lexington— Reidsville—First National Bank Ito9. First National Bank 1 to 9. Rocky Mount—Planters National Ito9. Peoples National Bank.__ 1 to 9. Bank & Trust Co. Rockbridge National Bank Ito9. Salisbury—First National Bank Ito9. Lovingston—First National Bank of 1 to 9. Thomasville—First National Bank_. Ito9. Nelson County. Wadesboro—First National Bank Ito9. Lynch burg- Winston-Salem—Farmers National Ito9. First National Bank___ 1 to 9. Bank & Trust Co. Lynchburg National Bank & Ito9. Trust Co. SOUTH CAROLINA Marion—Marion National Bank Ito9. Marshall—Marshall National Bank 1 to 9. Anderson—Carolina National Bank. Ito9. & Trust Co» Cam den—First National Bank Ito9. Martinsville—First National Bank... Ito9. Charleston— Narrows—First National Bank.. 1 to 9. Atlantic National Bank. Ito9. Newport News—First National Bank Ito9. South Carolina National Bank... Ito9. Norfolk- Chester—Peoples National Bank Ito9. Norfolk National Bank of Com- Ito9. Columbia—National Loan & Ex- Ito9. merce and Trusts. change Bank. Seaboard Citizens National Bank. 1 to 9. Gaflney—Merchants & Planters Na- Ito9. Virginia National Bank. Ito9. tional Bank. Norton—First National Bank Ito9. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FIDUCIARY POWERS 271 Powers Powers granted granted DISTRICT NO. 5—Continued DISTRICT NO. 6 VIRGINIA—continued ALABAMA Orange- Albertville—Albertville National 1 to 9. Citizens National Bank 1 to 9. Bank. National Bank of Orange 1to 9. Andalusia—Andalusia National 1,2,3, and 5. Petersburg—First National Bank & 1to 9. Bank. Anniston— 1 TUbl \JO. 1 to 9. Anniston National Bank 1 to 7, and 9. PPhoortesbmuos—uthO—ldA Pmoeinritc aNna tioNnaatl iBonanakl. 1 Commercial National Bank 1 to 5, 7 Bank. and 9. Pulaski— First National Bank 1 to 8. Peoples National Bank 1to 9, Bessemer—First National Bank in Ito8. Pulaski National Bank 1to 9. Bessemer. Radford—Farmers and Merchants 1to 9. Birmingham—First National Bank.. 1 to 9. National Bank. Cullman—Leeth National Bank 1 to 4. Richmond- Decatur—Morgan County National 1,2,3, and 5. Central National Bank 1to 9. Bank. First & Merchants National 1 to 9. Dothan—First National Bank Ito8. Bank. Fayette—First National Bank Ito9. Roanoke— Florence—First National Bank Ito8. Colonial American National Bank 1to 9. Fort Payne—First National Bank... 1. First National Exchange Bank... 1to 9. Gadsden— Rockymount—Peoples National 1to 9. First National Bank 1 to 3. Gadsden National Bank 1 to 8. Sa "i l iR e a m nnnK — lr. Farmers National Bank 1to 9. Greenville—First National Bank_._._ Ito9. Stanley—Farmers & Merchants Na- 1to 9. Mobiletional Bank. American National Bank & Trust Ito9. Staunton— Co. Augusta National Bank 1to 9. First National Bank 1 to 9 National Valley Bank 1to 9, Merchants National Bank 1 to 9. Staunton National Bank & Trust. 1 to 9. Montgomery- Co. Alabama National Bank Ito9. Strasburg— First National Bank Ito9. First National Bank... 1to 9. Oneonto—First National Bank 1 to 3,5 to 9. Massanutten National Bank 1 to 9. Opelika— Suffolk—National Bank of Suffolk... 1to 9. Farmers National Bank Ito9. Warrenton—Fauquier National 1 to 9. First National Bank Ito7. Bank. Opp—First National Bank 1 to 9. Waynesboro—First National Bank 1 to 9. Oxford—First National Bank Ito8. Piedmont—First National Bank 1 to 3. Farmers & Merchants National 1to 9. Seima—City National Bank 1 to 8. Bank & Trust Co. Sylacauga—Merchants & Planters Ito9. Shenandoah Valley National 1 to 9. National Bank. Bank. Talladega— Wytheville—First National Farmers 1to 9. Isbell National Bank 1 to 3, 5 to Bank. 7, and 9. Talladega National Bank Ito9. WEST VIRGINIA Troy—First Farmers & Merchants 1 to 9. National Bank. (See also District No. 4) Tuscaloosa— City National Bank 1 to 8. Beckley— First National Bank 1 to 8. Beckley National Bank _ 1to 9. Wetumpka—First National Bank 1 to 9. National Exchange Bank— 1 to 9. Bluefield— Bluefield National Bank 1to 9. First National Bank.. 1to 9. Bradenton—First National Bank Ito4. Flat Top National Bank 1to 9. Daytona Beach—First Atlantic Na- Ito9. Charleston—Charleston National 1to 9. tional Bank. Bank. De Funiak Springs—First National 1 to 8. Clarksburg- Bank. Empire National Bank 1to 9. Fort Myers—First National Bank... 1 to 9. Merchants National Bank 1to 9. Jacksonville— Union National Bank 1to 9 Atlantic National Bank Ito9. Fairmont—National Bank of Fair- Ito9. Barnett National Bank Ito9. Florida National Bank 1 to 9. Grafton—First National Bank 1to 9. Lake City—First National Bank 1 to 9. Huntington—First Huntington Na- 1to 9. Miami— tional Bank. First National Bank Ito9. Logan—First National Bank__ 1to 9. Florida National Bank & Trust Ito9. Madison—Boone National Bank 1to 4. Co. at Miami. Martinsburg—Old National Bank 1to 9. Miami Beach—Miami Beach First Ito9. Montgomery—Montgomery National 1to 9. National Bank. Bank. Oeala—Munroe & Chambliss Na- Ito9. Moorefield—South Branch Valley 1 to 3, 5 to 9 tional Bank. National Bank. Orlando—First National Bank & Ito9. Parkersburg—Parkersburg National 1to 9. Trust Co. Bank. Palatka—Putnam National Bank... Ito9. St. Marys—First National Bank 1to 9. Pensacola—Citizens & Peoples Na- Ito9. Welch—McDowell County National Ito9. tional Bank. Bank in Welch. St. Augustine—St. Augustine Na- 1 to 9. Williamson- tional Bank. First National Bank 1to 9. Sanford—Sanford Atlantic National 1 to 9. Digitized for FRNaAtiSoEnaRl Bank of Commerce 1 to 9. Bank. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
272 ANNUAL KEPOKT OF THE FEDERAL, RESERVE BOARD Powers Powers granted granted DISTRICT NO. 6—Continued DISTRICT NO. 6—Continued FLORIDA—continued TENNESSEE Sarasota—Palmer National Bank & 1 to 3, 5 to 7 (See also District No. 8) Trust Co. and 9. Tampa- Bristol—First National Bank Ito9. Exchange National Bank 1 to 9. Chattanooga- First National Bank 1 to 8. First National Bank Ito9. Winter Haven—Snell National Bank 1 to 9. Hamilton National Bank Ito9. in Winter Haven. Clarksville—First National Bank___. 1. Copperhill—First National Bank of GEORGIA Polk County. 1 to 3, 5 to 8. Decherd—First National Bank of Albany—City National Bank Ito9. Franklin County. 1,3 to 9. Athens—National Bank of Athens. _.1 to 4. Dickson—Citizen National Bank Atlanta- Fayetteville— 1 to 8. First National Bank 1 to 9. Elk National Bank 1 to 3 and 5. Fulton National Bank 1 to 9. First National Bank 1 to 3, 5 to 9. Augusta—National Exchange Bank.. 1 to 9. Gallatin—First & Peoples National Ito9. Barnesville—First National Bank 1 to 8. Bank. Brunswick—National Bank of 1 to 9. Greeneville—First National Bank 1 to 9. Brunswick. Johnson City—Unaka and City Ito9. Cartersvilla—First National Bank... Ito9. National Bank. Columbus— Kingsport—First National Bank 1 to 7 and 91 First National Bank 1 to 9. Knoxville— Fourth National Bank. 1 to 9. East Tennessee National Bank—. Ito9. Dalton—First National Bank 1 to 5, ! Hamilton National Bank 1 to 9. Da B w a s n o k n . —Dawson City National 1 to 3, 5 t9o. M Le o w rr is is b t u o r w g n — — F F ir i s r t s t N N at a i t o io n n al a l B B an a k nk... 1 1 . to 8. Elberton-First National Bank 1 to 9. Nashville- La Grange—La Grange National 1 to 8, American National Bank Ito9. Bank. Broadway National Bank. 1 to 7 and 9. Louisville—First National Bank 1 to 9. Third National Bank I to 9. Macon—First National Bank & Trust 1 to 9. Shelbyville—Peoples National Bank. 1 to 3, 5 to 9. Co. South Pittsburg—First National Ito9. Mqultrie—Moultrie National Bank.. 1 toO. Bank. Quitman—Peoples-First N at io n al 1 to 8. Springfield—First National Bank 2, 3, 5 to 7, " Bank. and 9. Rome- Tullahoma—Traders National Bank. Ito9. First National Bank. 1 to 9. Winchester—Farmers National Bank 1 to 3, 5 to 9 National City Bank 1 to 9. Savannah— DISTRICT NO. 7 Citizens & Southern National 1 to 9. Bank. ILLINOIS Liberty National Bank& Trust Co. 1 to 9. Thomasviile—First National Bank... 1 to 9. (See also District No. 8) Winder—Winder National Bank 1 to 9. Amboy—First National Bank 1 to 9. LOUISIANA Aurora— Aurora National Bank Ito9. (See also District No. 11) First National Bank in Aurora 1 to 9. Merchants National Bank 1 to 9. Hammond—Citizens National Bank. 1 to 9. Old Second National Bank 1 to 9. La Fayette—First National Bank 1 to 9. Batavia— Lake Charles— Batavia National Bank Ito9. Calcasieu National Bank in Lake 1 to 9. First National Bank Ito8. Charles. Belvidere—Second National Bank Ito9. First National Bank.. 1 to 9. Berwyn—First American National Ito9. New Orleans—Whitney National 1 to 9. Bank & Trust Co. Bank. Bloomington— First National Bank 1 to 9. MISSISSIPPI «V Trust Co. Blue Island—First National Bank 1 to 9. (See also District No. 8) Bushnell—First National Bank 1 to 9. Cambridge—Farmers National Bank Ito9. Biloxi—First National Bank. 1 to 5. Canton- Canton—First National Bank 1 to 4. Canton National Bank Ito9. Hattiesburg—First National Bank«_. Ito9. First National Bank Ito8. Jackson- Casey—First National Bank 1 to 4. Capital National Bank.. 1 to 9, Charleston—National Trust Bank... 1 to 9. Jackson State National Bank 1 to 7 and 9. Chicago- Laurel- Continental National Bank & Ito9. Commercial National Bank & 1 to 9. Trust Co. Trust Co. First National Bank of Engle- Ito4. First National Bank _. Ito9. wood. McComb City—First National Bank. 1.2, and 3. Hyde Park-Kenwood National Ito9. Meridian—Citizens National Bank... 1 to 9. Bank. Natchez—Britton & Koontz Na- 1, 6, and 7. Jackson Park National Bank Ito9. tional Bank. Jefferson Park National Bank 1 to 9. Vicksburg— Lawndale National Bank 1 to 9. First National Bank & Trust Co 1 to 9. Mutual National Bank 1 to 9. Merchants National Bank & National Builders Bank __. Ito9. Trust Co. 1 to 9. Peoples National Bank & Trust Ito9. Yazoo City—Delta National Bank... Ito9. Co. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FIDUCIARY POWERS 273 Powers Powers granted granted DISTRICT NO. 7—Continued DISTRICT NO. 7—Continued ILLINOIS—continued INDIANA Chicago—Continued. (See also District No. 8) Roseland National Bank 1 to 9. Straus National Bank & Trust 1 to 9. Albion—Albion National Bank 9 3, 5, and 8 Co. Attica—Central National Bank & 1to 9. Terminal National Bank 1 to 9. Trust Co. Chicago Heights—First National 1 to 9. Auburn—City National Bank 1to 9. Bank & Trust Co. Aurora- First National Bank. 1to 9. Chillieothe—First National Bank 1 to 9. Batesville—First National Bank 1 to 9. Danville- Bloomington—• First National B«nk 1 to 9. Blooxninerton National Bank 1to 9. Palmsr American National Bank. 1 to Q. First National Bank 1to 7 and 9 Second National Bank 1 to 8. Bluffton—Old First National Bank_. 1to 9. Decatur— Brazil- Citizens National Bank 1 to ? Citizens National Bank 1to 7. MilJikin National Bank.. 1 to 9. Riddell National Bank 1 to 9. National Bank of Decatur 1 to 9. Brookville— Des Plaines—First National Bank... 1 to 9. Franklin County National Bank. 1to 4. Dixon—Dixon National Bank 1 to 9. National Brookville Bank ... 1toP. Dundee—First National Bank 1 to 9. Cambridge City—First National 1to 8. El Paso—Woodford County Na- 1 to 9. Bank & Trust Co. tional Bank. Clay City—First National Bank 1 to 9. Evanston—City National Bank & 1 to 9. Clinton—First National Bank. 1to 9. Trust Co. Cloverdale—First National Bank 1 to 0. Freeport—First National Bank 1 to 9. Columbus-—First National Bank 1to 9. Galesburg—First Galesburg National i to 9. Crawfordsville— Bank & Trust Co. Citizens National Bank 1to 4. Ilarvey—First National Bank 1 to 9. First National Bank. 1to 9. Havana—Havana National Bank 1 to 9. Dana—First National Bank 1to 3. Henry—First National Bank 1 to 7. Dyer—First National Bank 1to 4. Joliet— East Chicago— First National Bank 1 to 9. First National Bank in East 1to 9. Joliet National Bank | 1 to 9. Chicago. Kankakee—City National Bank 1 to 4. Union National Bank ol Indiana Xnoxville—Farmers National Bank... 1 to 9. Harbor at East Chicago. Lake Forest—First National Bank... 1 to 9. Elkhart—First National Bank 1 to 9. La Salle—La Salle National Bank 1 to 9. Elwood—First National Bank 1 to 8. & Trust Co. Fort Wayne- Libertyville— Lincoln National Bank & Trust First National Bank 1 to 9. Co. Lake County National Bank 1 to 9. Old-First National Bank & Trust Lincoln—Lincoln National Bank 1 to 9. Co. M acorn b—Union National Bank 1 to 9. Franklin—Citizens National Bank... Ito8. Marengo—First National Bank 1 to 9. Garv— Marseilles—First National Bank 1 to 4. First National Bank . 1 to 9. Mattoon—National Bank of Mattoon 1 to 9. National Bank of America 1 to 9. Monticello—First National Bank 1 to 9. Goshen—City National Bank 1 to 9. Morris—Grundy County National 1 to 9. Greencastle—First National Bank 1 to 9. Bank. Greensburg— Naperville—First National Bank 1 to 9. Citizens Third National Bank & 1 to 9. Ottawa—First National Bank 1 to 9. Trust Co. Paris— Greenwood—First National Bank I to 9. Citizens National Bank 1 to 9. Hammond—Hammond National Ito9. Edgar County National Bank 1 to 9. Bank & Trust Co. Pekin—American National Bank 1 to 9. Hartford City—First National Bank. Ito9. Peoria— Indianapolis— Central National Bank & Trust 1 to 9 Fletcher American National Bank 1 to 7 and 9. Co. Indiana National Bank 1 to 9. Commercial Merchants National 1 to 9. Merchants National Bank... .. 1 to 9. Bank & Trust Co. Kendallville—Citizens National Bank 1 to 9. First National Bank 1 to 9. Knightstown—Citizens National 1 to 3, 5 to 7, Pontiac—National Bank of Pontiac.. 1 to 9. Bank. and 9. Princeton—Citizens National Bank.. 1 to 3, 5 to 8. La Fayette— Riverside—First National Bank 1 to 9. First-Merchants National Bank.. 1 to 8. Rockford— National Fowler Bank 1 to 8. Commercial National Bank 1 to 9 La Porte—First National Bank & Ito9. Forest City National Bank 1 to 9. Trust Co. Rockford National Bank 1 to 4. Lebanon—First National Bank Ito9. Swedish-American National Bank 1 to 9. Liberty—Union County National 1 to 3. Third National Bank 1 to 8, Bank. St. Charles—St. Charles National 1 to 9. Lowell—Lowell National Bank _ ltoS. Bank. Marion— Savanna—First National Bank 1 to 8. First National Bank Ito9. Springfield—Illinois National Bank.. 1 to 9. Marion National Bank Ito9. Streator—Union National Bank 1 to 9. Martinsville—First National Bank__ 1 to 7. Waukegan—First National Bank 1 to 9. Michigan City- Wilmette—First National Bank 1 to 9. First National Bank Ito9. Woodstock—American National 1 to 9. Merchants National Bank. 1 to 9. Bank. Mishawaka—First National Bank Ito9. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
274 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD Powers Powers granted granted DISTRICT NO. 7—Continued DISTRICT NO. 7—Continued INDIANA—continued IOWA—continued Monrovia—First National Bank Ito4. Creston—First National Bank 1 to 9. Monterey—First National Bank 1 to 3, 5 to 9 Decorah—National Bank of Decorah- 1 to 9. Montezuma—First National Bank.._ Ito8. Des Moines— Montpelier—First National Bank 1 to 9. Central National Bank & Trust Ito9. Mulberry—Citizens National Bank.. 1 to 9. Co. Muncie—Delaware County National 1 to 9. Iowa-Des Moines National Bank Ito9. Bank. & Trust Co. New Carlisle—First National Bank.. Ito9. Dubuque— New Castle—Farmers & First Na- Ito9. Consolidated National Bank Ito9 tional Bank. First National Bank 1 to 9 Noblesville—American National Ito9. Dysart—Dysart National Bank Ito9 Bank. Eldon—First National Bank_ 1 to 9 Peru—First National Bank... _. 1 to 9. Eldora—First National Bank 1 to 9 Plainfield—First National Bank & 1 to 9. Everly—First National Bank 1 to 7. Trust Co. Fairfield—First National Bank 1 to 8 Plymouth—First National Bank of 1 and 4. Fonda—First National Bank 1 to 4, Marshall County. Fort Dodge—Fort Dodge National Ito8. Remington—Farmers National Bank. 1 to 3, 5 to 8 Bank. Richmond— Gladbrook—First National Bank 1 to 3. First National Bank 1 to 9. Graettinger— First National Bank 1 to 9. Second National Bank 1 to 9. Grinnell—Poweshiek County 1 to 9. Rising Sun—National Bank of Rising 1 to 9. National Bank. Sun. Hampton—Citizens National Bank.. 1 to 9. Rochester—First National Bank 1 to 5,7, and Harlan—Harlan National Bank 1 to 8. 9. Hawarden—First National Bank 1,2, 3, 5 to 8. Rockville—Rockville National Bank. 1 to 9. Humboldt—First National Bank...., 1 to 4. Rushville— Indianola—First National Bank 1 to 3. American National Bank.. Ito9. Jewell Junction—First National 1 to 9. Rush County National Bank 1 to 4. Bank. Rushville National Bank. Ito4. Kanawha—First National Bank 1 to 3. Russiaville—First National Bank 1 to 3,5 to 9. Keokuk—Keokuk National Bank 1 to 9. Shelbyville— Kingsley—Farmers National Bank.. 1 to 9. Farmers National Bank Ito9. Knoxville—Knoxville National Bank Ito9. First National Bank Ito9. & Trust Co. Shelby National Bank Ito9. LeMars—First National Bank 1 to 3, 5 to 9. South Bend- Mason City—First National Bank... 1 to 9. Citizens National Bank Ito9. Muscatine—First National Bank 1 to 8. Merchants National Bank _. 1 to 9. Newell—First National Bank.. 1 to 9. Swayzee—First National Bank 1 to 9. Odebolt—First National Bank 1 to 4. Terre Haute— Oelwein—First National Bank. Ito7. First-McKeen National Bank & Ito9. Orange City—Orange City National Ito9. Trust Co. Bank. Terre Haute National Bank & Ito9. Oskaloosa—Oskaloosa National 1 to 3. Trust Co. Bank. Thorntown—Home National Bank.. Ito8. Paullina—First National Bank 1 to 7 and 9. Tipton—Citizens National Bank Ito9. Perry—First National Bank Ito9. Wabash—Farmers & Wabash Na- 1 to 7. Peterson—First National Bank 1 to 4. tional Bank. Primghar—First National Bank Ito9. Whiteland—Whiteland National 1 to 4. Red Oak—First National Bank 1 to 9. Bank. Remsen—First National Bank 1 to 8. Rippey—First National Bank 1,2^3, 5 to8. IOWA Rockwell City—Rockwell City Na- Ito9. tional Bank. Akron—First National Bank 1 to 9. Sheffield—First National Bank 1 to 9. Arlington—American National Bank. 1 to 3. Sibley—First National Bank 1 to 3. Aurelia—First National Bank _ 1 to 9. Sioux City- Belle Plaine—Citizens National Bank 1 to 3, 5 to 9. Live Stock National Bank Ito9. Boone—First National Bank._ 1 to 7 and 9. Security National Bank 1 to 9. Buffalo Center—First National Bank. 1 to 9. Toy National Bank _. Ito9. Cedar Falls—Cedar Falls National 1 to 7 and 9. Spencer—Clay County National Ito9. Bank. Bank. Cedar Rapids—Merchants National 1 to 4. Stanton—First National Bank 1 to 8. Bank. Storm Lake—Citizens First National Ito9. Charles City- Bank. Citizens National Bank.. 1 to 9. Story City—First National Bank 1 to 9. Commercial National Bank 1 to 9. Thornton—First National Bank 1 to 9. Charter Oak—First National Bank.. 1,2,3, and 5. Tipton—Tipton National Bank Ito9. Clinton—City National Bank.., 1 to 9. Washington—Washington National 1 to 8. Colfax—First National Bank 1 to 3,5 to 9. Bank. Columbus Junction—Louisa County i 1,2,3, and 5. Waterloo- National Bank. ! Commercial National Bank Ito9. Coon Rapids—First National Bank.. 1 to 9. Pioneer National Bank Ito9. Council Bluffs- Waverly— First National Bank 1 to 4. City National Bank 1 to 8. Webster City- First National Bank 1 to 9. Farmers National Bank._ Ito9. Cresco—First National Bank Ito9. First National Bank Ito9. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FIDUCIARY POWEES 275 Powers Powers granted granted DISTRICT NO. 7—Continued DISTRICT NO. 7—Continued MICHIGAN WISCONSIN—continued (See also District No. 9) Kenosha—United States National Ito9. Adrian—National Bank of Com- 2,3,5, and 8. JJUDK O£ JL rUSt KJO. Ito9. Lake Geneva—First National Bank.. merce. Madison—Commercial National Ito9. Ann Arbor—First National Bank & Ito9. Bank. Trust Co. Manitowoc—First National Bank in Ito9. -batt C le e Cn u ot re r.a eK l N — ational Bank & Trust 1 to 9. M M M a a r r s ^ i h n a f n e i i t e t t o l e d w — — o F c A . ir m st e r N ic a a t n i ona N l B a a t n io k nal I I t t o o 9 9 . . City National Bank & Trust Co. 1 to 8. Bank. Old Merchants National Bank Ito9. Menasha—First National Bank 1 and 4. & Trust Co. Milwaukee- Benton Harbor—Farmers & Mer- 1 to 9. Marine National Exchange Bank. 1 to 9. chants National Bank & Trust Co. National Bank of Commerce Ito9. Birmingham—First National Bank_« 1 to 5. Monroe—First National Bank Ito9. Charlotte—First National Bank 2,3,5, and 8. Neenah—National Manufacturers 1 to 3. Coldwater— Bank. Coldwater National Bank 2,3,5, and 8. Neillsville—First National Bank 1 to 9. Southern Michigan National Ito9. Oshkosh—City National Bank 1 to 9. Bank. Platteville—First National Bank 1 to 9. Detroit—Guardian National Bank Ito8. Racine—First National Bank & Ito9. of Commerce. Trust Co. Flint—First National Bank & Trust Ito9. Ripon—First National Bank Ito9. Co. Shawano—Wisconsin National Bank. 1 to 8. Grand Rapids—Grand Rapids Na- Ito9. Sheboygan—Security National Bank. Ito9. tional Bank. Sparta—Farmers National Bank 1 to 9. Hillsdale-First National Bank 1 to 5 and 8. Stevens Point- Ionia—National Bank of Ionia 1 to 9. Citizens National Bank 1 to 9. Jackson—Union & Peoples National 1 to 9. First National Bank Ito8. Bank. Viroqua—First National Bank. 1 to 9. Kalamazoo—First National Bank & 1 to 9. Waukesha— Trust Co. National Exchange Bank 1 to 4. Lansing—Capital National Bank 1 to 4. Waukesha National Bank___ Ito8. Lapeer—First National Bank... 2,3,5, and 8. Waupun—National Bank of Waupun. Ito9. Ludington—First National Bank & 2,3,5, and 8. Wausau— Trust Co. American National Bank 1 to 9. Monroe—First National Bank 1 to 9. First National Bank 1 to 9. Muskegon—Hackley Union National Ito9. West Bend—First National Bank Ito9. Bank. Wisconsin Rapids—First National 1 to 9. Niles—City National Bank & Trust Ito9. Bank. Co. Petoskey—First National Bank 1 to 4. DISTRICT NO. 8 Pontiac—First National Bank & 1 to 9. Trust Co. ARKANSAS Port Huron—First National Trust & 1 to 9. Savings Bank. El Dorado—First National Bank 1 to 9. Quincy—First National Bank 2.3.5. and 8. Fayetteville—First National Bank... Ito9. St. Johns—St. Johns National Bank.. 2,3,5, and 8. Fordyce—First National Bank 1 to 9. Saginaw—Second National Bank & 1 to 8. Fort Smith- Trust Co. City National Bank Ito9. Union City—Union City National 2,3,5, and 8. First National Bank. 1 to 9. Bank. Merchants National Bank Ito9. Wyandotte—First National Bank 1 to 9. Hot Springs—Arkansas National 1 to 9. WISCONSIN Marianna—Lee County National Ito9, (See also District No. 9) Newport—First National Bank 1 to 8. Paris—First National Bank Ito9. Antigo— Pine Bluff—Simmons National Bank. 1 to 9. First National Bank... Ito8. Texarkana—State National Bank Ito9. Langlade National Bank 1 to 3.5 to 8. Baraboo—First National Bank & Ito9. ILLINOIS Trust Co. Beaver Dam— (See also District No. 7) American National Bank. Ito9. Old National Bank. Ito9. Alton—First National Bank& Trust 1 to 9. Beloit—Second National Bank Ito9. Co. in Alton. Berlin—First National Bank Ito9. Anna—First National Bank 1 to 9. Brillion—First National Bank.. 1 to 8. Belleville- Chilton—Chilton National Bank Ito9. Belleville National Bank Ito9. Clintonville—First National Bank... 1 to 4. First National Bank... 1 to 9. Darlington—First National Bank Ito8. St. Clair National Bank 1 to 9. Edgerton—First National Bank 1 to 8. Benld—First National Bank of Benld.1 to 3,5 to 8. Fond du Lac— Breese—First National Bank 1 to 9. Commercial National Bank Ito8. Bridgeport—First National Bank 1 to 9. First Fond du Lac National Bank 1 to 8. Bunker Hill—First National Bank... 1 to 9. Green Bay—Kellogg Citizens Na- Ito9. Carlinville—Carlinville National Ito9. llOBal J3HDK. 1 to 7 and 9. Carlyle—First National Bank 1 to 9. HJaanretsfovridll—e—FFirisrts tN Naatitoionnaal lB Baannkk Ito9. Car mi—National Bank of Carmi Ito9. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
276 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD Powers Powers granted granted DISTRICT NO. 8—Continued DISTRICT NO. 8—Continued ILLINOIS—continued KENTUCKY—continued Centralia—Old National Bank 1 to 9. Columbia—First National Bank & 1 to 3, 5 to 8. Edwardsville—Edwardsville Nation- Ito3, 5 to 7, Trust Co. al Bank & Trust Co. and 9. Danville- Effingham—First National Bank 1 to 9. Citizens National Bank. 1 to 9. Highland—First National Bank 1 to 9. Farmers National Bank. 1 to 8. Jacksonville—Ayers National Bank.. 1 to 4. Elizabethtown— Jonesboro—First National Bank 1 to 9. First-Hardin National Bank 1 to 9. La wrenceville—First National Bank. 1 to 9. Union National Bank.. 1 to 3, 5, 6,8, Lebanon—First National Bank 1 to 9. and 9. Mascoutah—First National Bank 1 to 9. Frankfort—State National Bank 1 to 9. Metropolis—City National Bank 1 to 4. Glasgow—Farmers National Bank 1 to 5. Millstadt—-First*National Bank 1 to 9. Harrodsburg—First-Mercer National 1 to 9. Mount Carmel—American -First 1 to 9. Bank. National Bank. Henderson—Henderson National 1 to 9. Murphysboro—First National Bank- 1 to 8. Bank. Nashville— Lawrenceburg— Farmers & Merchants National 1 to 9. Anderson National Bank. 1 to 3, 5 to 9. Bank. Lawrenceburg National Bank 1 to 8. First National Bank 1 to 9. Lebanon- National Stock Yards—National 1 to 9. Citizens National Bank 1 to 9. Stock Yards National Bank of Na- Farmers National Bank 1 to 9. tional City. Marion National Bank.. 1 to 6. Nokorais—Nokomis National Bank._ 1 to 3. Louisville- O'Fallon—First National Bank. 1 to 9. Citizens Union National Bank... 1 to 9. Pittsfield—First National Bank 1 to 9. First National Bank _ ._. 1 to 9. Sparta—First National Bank 1 to 3, 5 to 7. Madisonville—Farmers National 1 to 9. Vandalia—First National Bank 1 to 8 Bank. Mayfield—First National Bank L to 9. INDIANA Morganfield—Morganfield National I to 4. Bank. (See also District No. 7) Murray—First National Bank 1 to 9. Bedford—Bedford National Bank 1 to 3, 5 to 9. Owensboro—National Deposit Bank 1 to 9. B B o ic o k n n v e i l l l l — e— F F ir i s r t s t N N at a i t o i n o a n l a l B B an a k nk. 1 1 t t o o 9 9 . . Pa o d f u O ca w h e — ns P b e o o r p o l . es National Bank... 1 to 9. Brownstown—First National Bank.. 1 a to n d 3 , 9 5 . to 7, Princ F e a t r o m n— ers National Bank 1 to 9. Cannelton—Cannelton National 1 to 3,5 to 8. First National Bank 1 to 3, 5 to 9. Bank. Evansville— MISSISSIPPI National City Bank . 1 to 9. Old National Bank 1 to 9. (See also District No. 6) Fort Branch—Farmers & Merchants 1 to 9. Columbus—First Columbus National 1 to 9. National Bank. Bank. Linton—First National Bank__ 1 to 7. Greenville—First National Bank 1 to 4. Madison—First National Bank 1 to 9. West Point—First National Bank 1 to 9. Mitchell—First National Bank 1 to 5. New Albany—New Albany National 1 to 9. MISSOURI Bank. Orleans—National Bank of Orleans. _ 1 (See also District No. 10) P P e r t i e n F r c s a e b r t u m o r e g n r — - s N Fi a r t s i t o n N a a l t i B o a n n a k l Bank 2 1 , t 3 o , 3 a , n 5 d t 5 o . 7, B C o a o rr n o v ll il t l o e n — — B F o i o rs n t v N ill a e t i N on at a i l o n B a a l n B k ank. 1 1 t t o o 8 9 . . and 9 Columbia— Peoples American National Bank. 1 to 8. Boone County National Bank.._. 1 to 9. Rockport—First National Bank 1 to 9. Exchange National Bank 1 to 4. Seymour—Seymour National Bauk... 1 to 9. Hannibal—Hannibal National Bank. Ito9. Sullivan—Peoples National Bank & Ito9. Jefferson City— Te T ll r u C st i t C y o - . E Fi x r c s h t a N ng at e i o N n a a t l i o B n a a n l k Bank__. 1 1 t t o o 9 9 . . Citizens National Bank 1 to 7 and 9 Kirksville—Citizens National Bank.. 1 to 8. Veva T y e — ll F C i i r t s y t N N a a t t i i o o n n a a l l B B a a n n k k 1 1 t t o o 9 9 . . L M u B o x n a e e n m t k t b — u & r F g T i — r r s u t L s N a t f a C a t y o i e o . t n te a l N Ba a n t k ional 1 1 t t o o 9 9 . . Vinc A en m n e e r s i — can National Bank Ito9. Pierce City—First National Bank 1 to 9. First National Bank Ito9. St. Charles—First National Bank 1 to 9. Wadesville—Farmers National Bank- 1 to 9. St. Louis— Washington— Boatmen's National Bank........ 1 to 9. Peoples National Bank & Trust 1 to 9. First National Bank 1 to 4. Mercantile Commerce National 1 to 9. W C as o h . ington National Bank 1 to 9. Pl B az a a n k N i a n t io S n t. a L l o B u a i n s. k _ 1 to 9. St. Louis National Bank Ito9. KENTUCKY Security National Bank, Savings Ito9. (See also District No. 4) & Trust Co. South Side National Bank Ito9. Bowling Green—American National 1 and 4. Vandeventer National Bank 1. Bank. Sedalia— Carrollton— Third National Bank 1 to 3, 5 to 7. Carroilton National Bank 1 to 9. Sedalia National Bank Ito9. First National Bank. 1 to 9. Springfield—Union National Bank... Ito9. Clay—Farmers National Bank 1 to 9. Trenton—Trenton National Bank 1 to 9. Digitized forC FliRntAonS—EFRir st National Bank__ Ito9. Unionville—Marshall National Bank. 1 to 3, 5 -. > ' http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FIDUCIARY POWEES 277 DISTRICT NO. 8—Continued DISTRICT NO. 9—Continued TENNESSEE MINNESOTA—continued (See also District No. 6) Northfield—Northfield National 1 to 9 Bank & Trust Co. Dyersburg—First-Citizens National Ito9. Owatonna—First National Bank- 1 to fl. Bank. Park Rapids—First National BanV 1 to 9. Jackson- Proctor—First National Bank 1 to 9. First National Bank Red Wing- National Bank of Commerce First National Bank 1 to 9. Security National Bank Goodhue County National Bank. 1 to 9. Memphis- Red Wing National Bank & Ito9 First National Bank Trust Co. Union-Planters National Bank & Rochester—First National Bank 1 to 9. Trust Co. St. Paul- Union City—Old National Bank Ito9. American National Bank 1 to 9. Empire National Bank & Trust 1 to 9. DISTRICT NO. 9 Co. First National Bank 1 to 9. MICHIGAN Midway National Bank 1 to 9. Twin Cities National Bank 1 to 9. (See also District No. 7) St. Peter—First National Bank 1 to 8. Spring Valley—First National Bank. 1 to 9. Calumet—First National Bank Stillwater—First National Bank 1 to 9. Hancock—First National Bank Truman—Truman National Bank. _. 1 to 9. Houghton— Virginia—American Exchange Na- 1 to 3,5 to 8. Citizens National Bank._ tional Bank. Houghton National Bank Waseca—Farmers National Bank 1 to 9. Iron Mountain—United States Na- West Concord—First National Bank. 1 to 9. tional Bank. Windom—First National Bank 1 to 9. Ironwoqd—Gogebic National Bank.-. 2,3,5, and 8. Winona— Ishpeming—Miners National Bank_. 2,3,5, and 8. First National Bank... 1 to 9. Lake Linden—First National Bank.. 2, 3,5, and 8. Winona National & Savings 1 to 9. Laurium—First National Bank 2,3,5, and 8. Bank. Marquette— First National Bank & Trust Co. MONTANA Union National Bank,_ Menominee— Billings- First National Bank Midland National Bank 1 to 9. Lumbermen's National Bank Montana National Bank— 1 to 9. Munising—First National Bank of Bozeman—Commercial National Ito4. Alger County, Bank. Negaunee— Deer Lodge—United States National 1 to 5, 7, First National Bank... 2,3,5, and 8. Bank. and 8. Negaunee National Bank Ito3. Dillon—First National Bank 1 to 7 and 9. Great Falls- MINNESOTA First National Bank 1 to 9. Great Falls National Bank 1 to 4. Albert Lea- Helena—First National Bank & 1 to 7 and 9. First National Bank Ito8. Trust Co. Freeborn County National Bank Ito9. Kalispell—First National Bank 1 to 4. & Trust Co. Lewistown—National Bank of 1 to 9. Austin—First National Bank Ito8. Livingston—National Park Bank in 1 to 9. Bemidji—First National Bank 1 to 9. Livingston. Blooming Prairie—First National 1,2,3, and 5. Miles City—First National Bank 1 to 9. Bank. Missoula— Chatfleld—First National Bank 1 to 5. First National Bank 1 to 7 and 9. Duluth— Western Montana National 1 to 8. City National Bank _ 1 to 9 Bank. First & American National Bank. 1 to 9. Minnesota National Bank Ito9. NORTH DAKOTA Northern National Bank 1 to 9. Eveleth—First National Bank 1 to 3, 5 to 9. Bismarck—- Fairmont- Dakota National Bank & Trust 1 to 9. First National Bank Ito9. Co. Martin County National Bank.. 1 to 9. First National Bank.. 1 and 9. Faribault—Security National Bank Ito9. Dickinson—First National Bank Ito9. & Trust Co. Ellendale—First National Bank. 1 to 4. Fergus Falls- Fargo— Fergus Falls National Bank & 1 to 8. First National Bank & Trust Co. 1 to 9. Trust Co. Merchants National Bank & 1 to 9. First National Bank _ 1 to 9. Trust Co. Hastings—First National Bank 1 to 9. Grafton—Grafton National Bank 1 to 9. Hutchinson—Farmers National Ito9. Grand Forks- Bank. First National Bank 1 to 9. Little Falls—First National Bank.... 1, 2, 3, 5, 6, Red River National Bank & 1 to 9. 8, and 9. Trust Co. Mankato—First National Bank & 1 to 9. Jamestown— Trust Co. James River National Bank & 1 to 9. Minneapolis— Trust Co. First National Bank 1 to 9. National Bank & Trust Co 1 to 9. Midland National Bank & Trust 1 to 8. Minot— Co. First National Bank & Trust Co_ 1 to 9. Northwestern National Bank Union National Bank & Trust CoJ 1 to 9. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
278 ANNXJAL REPORT OF THE FEDERAL RESERVE BOARD Powers Powers granted granted DISTRICT NO. 9—Continued DISTRICT NO. 10—Continued NORTH DAKOTA—continued COLORADO—continued Valley City- Denver—Continued American National Bank & Trust Ito9. Stock Yards National Bank Ito9. Co. United States National Bank Ito9. National Bank of Valley City.... Ito9. Durango—Burns National Bank 1 to 7. Eagle—First National Bank of Eagle Ito4. SOUTH DAKOTA County. Englewood—First National Bank 1 to 4. Aberdeen- Florence—First National Bank ... 1 to 9. Aberdeen National Bank & Trust 1 to 9. Fort Collins- Co. First National Bank _ Ito4. First National Bank & Trust Co_ 1 to 9. Fort Collins National Bank 1 to 9. Arlington—First National Bank Ito4. Poudre Valley National Bank.... 1 to 7 and 9. Brookings—Security National Bank.. 1 to 9. Fort Morgan—First National Bank.. Ito4. Canton—First National Bank 1 to 9. Glenwood Springs—First National 1 to 3, 5 to 7. Chamberlain—First National Bank Ito9. Bank. & Trust Co. Golden—Rubey National Bank. Ito9. Clear Lake—Deuel County National Ito9. Grand Junction—Grand Valley Na- 1 to 9. DFle "u a R a a nd on dw nK r l e r o . aoud——FFiirrsstt NNaattiioonnaall BBaannkk 1 1 t to o 3 9 . . Gr t e io e F l n e i a y r l s — t B N an at k io . nal Bank... 1 to 9. Huron—National Bank of Huron 1 to 9. Greeley Union National Bank 1 to 9. Lake Norden—First National Bank 1 to 3, 5 to 8. Gunnison—First National Bank 1 to 9. & Trust Co. Hugo—First National Bank— 1 to 3. Lead—First National Bank 1 to 9. Lamar—Lamar National Bank Ito9. Miller—First National Bank 1 to 9. Las Animas—First National Bank... 1 to 9. Rapid City—First National Bank. 1 to 7 and 9. Longmont— Sioux Falls- First National Bank.__ 1 to 9. Citizens National Bank & Trust Ito9. Longmont National Bank 1 to 9. Co. Loveland—First National Bank 1 to 4, 6, First National Bank & Trust Co. 1 to 8. and 7. Security National Bank & Trust Ito9. Mancos—First National Bank 1 to 9. Co. " Montrose—Montrose National Bank. 1 to 9. Vermilion—First National Bank & 1 to 9. Ordway—First National Bank 1. W r1 a p « t r- e 1U- r .ca t ,- o Cf w /V"iJ n r<O — . i rin F io i a rs Q t — National Bank 1 to 3. Citizens National Bank & Trust Ito9. Trinidad National Bank 1 to 9. Co. Walsenburg—First National Bank... 1 to 9. First National Bank & Trust Co. ltoQ. Yankton—First Dakota National 1 to 9. KANSAS Bank & Trust Co. Anthony- Citizens National Bank Ito8. WISCONSIN First National Bank 1 to 4. Arkansas City—Home National 1 to 9. (See also District No. 7) Bank. Atchison—City National Bank 1 to 9. Ashland— Chanute—First National Bank Ito9. Ashland National Bank. Ito9. Coffeyville— Northern National Bank 1 to 7 and 9. Condon National Bank 1 to 3, 5 to 9. Barron—First National Bank _. Ito3. First National Bank ._, 1 to 3 and 5. Chippewa Falls- Dodge City—First National Bank... Ito9. First National Bank 1 to 9. Emporia— Lumbermens National Bank 1 to 9. Citizens National Bank 1 to 9. Eau Claire—Union National Bank... 1 to 9. Commercial National Bank & 1 to 9. Menomonie—First National Bank... 1 to 9. Trust Co. Superior- Fort Scott—Citizens National Bank.. 1 to 7 and 9. First National Bank. 1 to 7. Great Bend—First National Bank... 1 to 9. National Bank of Commerce 1 to 9. Horton—First National Bank Ito4. United States National Bank 1 to 9. Hutchinson— American National Bank.. Ito9. DISTRICT NO. 10 Exchange National Bank 1 to 8. First National Bank ._ 1 to 4. COLORADO Independence— Boulder- Citizens First National _ Ito9. Boulder National Bank Ito4. Security National Bank Ito9. National State Bank Ito9. Jewel City—First National Bank... Ito3. Brush—First National Bank 1 to 3, 5 to 8. Kansas City—Peoples National Ito9. Canon City- Bank. First National Bank Ito9. Larnod—First National Bank in 1 to 3 and 5 Fremont County National Bank. 1 to 4. Larned. Center—First National Bank Ito4. Lawrence- Colorado Springs- First National Bank Ito8. Colorado Springs National Bank. Ito9. Lawrence National Bank Ito8. Exchange National Bank 1 to 9. Leavenworth—First National Bank.. 1. First National Bank Ito9. Luray—First National Bank Ito3. Craig—Craig National Bank Ito9. Manhattan- Denver- First National Bank Ito9. American National Bank Ito7. Union National Bank 1 to 9. Colorado National Bank Ito9. Ottawa—Peoples National Bank Ito4. Denver National Bank 1 to 9. Paola—Miami County National Ito9. First National Bank...,, Ito9. Bank. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FIDUCIARY POWEBS 279 Powers granted DISTRICT NO. 10—Continued DISTRICT NO. 10—Continued KANSAS—continued NEW MEXICO—continued Pratt—First National Bank 1 to 9. Farmington—First National Bank 2 and 3. Sabetha—National Bank of Sabetha- 1 to 4. Gailup—First National Bank in Gal- 2 and 3. Salina— lup. Farmers National Bank 1 to 5 and 8 Raton—First National Bank in Raton. lto 7. National Bank of America 1 to 9. Santa Fe—First National Bank 1 to 9. Topeka—National Bank of Topeka_. 1 to 9. Troy—First National Bank 1 to 3. OKLAHOMA Wellington—First National Bank 1 to 9. Wichita- Ada—First National Bank lto 9. First National Bank 1 to 9. Anadarko—First National Bank lto 9. Fourth National Bank 1 to 9. Ardmore—First National Bank lto 8. Southwest National Bank 1 to 9. Bartlesville— Union National Bank Ito9. First National Bank lto 8. Winfield— Union National Bank 4. First National Bank 1 to 9. Blackwell—First National Bank lto 9. Winfield National Bank _ 1 to 9. Bristow—American National Bank.. lto 9. Broken Arrow—First National Bank. lto4, 6to9. MISSOURI Cleveland—First National Bank lto 9. Dewey—First National Bank lto 9. (See also District No. 8) Enid- Central National Bank lto 9. Cameron—First National Bank 1 to 3. First National Bank.- lto 9. Carthage—Central National Bank 1 to 3. Guthrie—First National Bank lto 8. Independence—First National Bank. 1 to 9 Holdenville—First National Bank... lto 9. Joplin—Joplin National Bank & 1 to 9. Hominy- Trust Co. First National Bank lto3, 5to9 Kansas City— National Bank of Commerce lto 9. Columbia National Bank 1 to 4 and 9. Hooker—First National Bank lto 3 and 5. Drovers National Bank 1 to 9. Lawton—City National Bank 1 to 3, 5 to 7 Fidelity National Bank & Trust 1 to 9. and 9. Co. Me Alester—First National Bank lto3, 5to7. First National Bank 1 to 9. Miami—First National Bank lto 9. Interstate National Bank 1 to 9. Muskogee— Stockyards National Bank. 1 to 9. Commercial National Bank lto 8. Traders Gate City National 1 to 9. First National Bank & Trust Co. lto 9. Bank. Norman- Neosho—First National Bank 1 to 3. First National Bank lto 9. Plattsburg—First National Bank 1 to 9. Security National Bank lto 9. St. Joseph- Okemah— American National Bank 1 to 4. First National Bank lto 8. Burns National Bank _ 1 to 4. Okemah National Bank lto 9. Tootle-Lacey National Bank 1 to 8. Oklahoma City- City National Bank & Trust Co. lto 4. NEBRASKA Fidelity National Bank.. lto 9. First National Bank & Trust Co.. lto 9. Belden—First National Bank.... 1 to 3, 5 to 9. Liberty National Bank. lto 9. Butte—First National Bank.. 1 to 3. Tradesmens National Bank. 1 to 7 and 9. David City—First National Bank... 1 to 9. Okmulgee— Decatur—First National Bank. 1 to 3. Central National Bank-- 1 to 9. Emerson—First National Bank 1 to 8. Citizens National Bank lto 9. Genoa—Genoa National Bank 1 to 9. Shawnee— Grand Island—First National Bank.. 1 to 9. Federal National Bank 1 to 9. Lincoln- Shawnee National Bank 1 to 9. Continental National Bank 1 to 9. State National Bank ... 1 to 9. First National Bank.__ j 1 to 9. Stillwater— Lyons—First National Bank 1 to 3. First National Bank 1 to 9. Madison—First National Bank 1 to 7 and 9. Stillwater National Bank 1 to 9. Nebraska City—Nebraska City Na- 1 to 9. Tulsa— tional Bank. Exchange National Bank 1 and 4. Omaha- First National Bank & Trust Co.1 to 9. First National Bank 1 to 9. National Bank of Commerce lto 3, 5to9 Omaha National Bank 1 to 9. Woodward—First National Bank 2 and 3. United States National Bank 1 to 9. Osmond—First National Bank 1 to 9. WYOMING Pender—First National Bank. 1, and 3 to 7. Randolph—First National Bank j 1 to 9. Buffalo—First National Bank lto 4. South Omaha— Casper- Packers National Bank 1 to 9. Casper National Bank lto 5. Stock Yards National Bank 4. Wyoming National Bank lto 9. Utica—First National Bank ! 2 and 3. Cheyenne— Wahoo—First National Bank 1 to 3, 5 to 9. American National Bank-- lto 9. Wayne—FirstJNTational Bank ...| 1 to 9. Stock Growers National Bank--. lto 9. Cody- NEW MEXICO I First National Bank 1 to 9. Shoshone National Bank 1 and 4. (See also District No. 11) j Evanston—First National Bank--__. lto 3. Kemmerer—First National Bank lto 4. Albuquerque- Laramie—First National Bank lto 3. Albuquerque National Trust & 1 to 9. Powell—First National Bank lto 8. Savings Bank. Rawlins— First National Bank ' 1 to 7 and 9. First National Bank lto 9. Digitized for FRASE12R5 554—32 19 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
280 ANNUAL REPOET OF THE FEDERAL RESERVE BOARD Powers Power?3 granted granted DISTRICT NO. 10—Continued DISTRICT NO. 11—Continued WYOMING—continued TEXAS—continued Rawlins—Continued. Gainesville—First National Bank.... 1 to 9. Rawlins National Bank 1 to 3. Galveston— Rock Springs—Rock Springs Na- Ito9. City National Bank__ 1 to 9. tional Bank. First National Bank... lto 9. Sheridan—First National Bank _ 1 to 9. Hutch ings-Sealy National Bank.. 1 to 9. Thermopolis—First National Bank-- 1 to 9. United States National Bank lto 9. Granger—First National Bank 1 and 2. DISTRICT NO. 11 Greenville—Greenville National Ex- lto 4. change Bank. ARIZONA Haskell—Haskell National Bank 1 to 3, 5 to 8. Houston- (See also District No. 12) First National Bank lto 9. National Bank of Commerce 1 to 7 and 9. Nogales—First National Bank j 1 to 8. Second National Bank.. 1 to 7 and 9. South Texas Commercial Na- lto 9. Tucson—Consolidated National Bankj 1 to 4. tional Bank. State National Bank lto 9. LOUISIANA Union National Bank lto 9. Ttaly—First National Bank lto 9. (See also District No. 6) Kingsville—First National Bank lto 9. La Grange—First National Bank 1. Homer—Homer National Bank 1 to 8. Longview—First National Bank 1 to 3, 5, Shreveport— and 8. Commercial National Bank 1 to 9. Lubbock—First National Bank 1 to 9. First National Bank ....I 1 to 4. McKinney—Collin County National 1 to 9. NEW MEXICO Bank. Marfa—Marfa National Bank lto 9. (See also District No, 10) Marshall- Roswell—First National Bank 1 to 3. First National Bank 1 to 3 and 5. Silver City—American National Bankj 2 and 3. Marshall National Bank lto 5. Midland—Midland National Bank-. 1 to 9. TEXAS Orange- Abilene— First National Bank lto 9, Citizens National Bank 1 to 9. Orange National Bank lto 9. Farmers & Merchants National 1 to 9. Palestine—Royall National Bank lto 4. Bank. Paris—First National Bank lto 9. Albany—Albany National Bank j 4. Port Arthur- Amarillo—First National Bank l to 9. First National Bank lto 4. Austin- Merchants National Bank lto 9. American National Bank 1 to 0. San Angelo— Austin National Bank 1 to 9. Central National Bank lto 4. Beaumont- First National Bank lto 9. American National Bank 1 to 9. San Antonio- City National Bank. _ 1 to 9. Alamo National Bank lto 9. First National Bank 1 to 9. Frost National Bank lto 9. Texas National Bank 1 to 9. Groos National Bank 1 to 9. Bonham—First National Bank 1 to 3, 5 to 7. National Bank of Commerce lto 9. Brady—Brady National Bank 1 to 3 and 5. Sherman—Merchants & Planters Na- 1 to 9. Brenham—First National Bank 1 to 7 and 9. tional Bank. Brownsville- Stanton—First National Bank lto 3. Merchants National Bank 1 to 9. Stephenville—Farmers-First National lto 9. State National Bank 1 to 9. Bank. Cameron—Citizens National Bank 1 to 9. Terrell—American National Bank lto 8. Childress—First National Bank 1 to 9. Texarkana — Texarkana National lto 9. Claris ville—First National Bank 1 to 3,5 to 8. Bank. Colorado—City National Bank 1 to 4. Troup—First National Bank Corpus Christi— Corpus Christi Na- 1 to 7. Tylertional Bank. Citizens National Bank..— lto 9. Corsicana—First National Bank 1 to 9. Peoples National Bank lto 9. Dallas- Victoria—Victoria National Bank..... lto 4. First National Bank 1 to 9. Waco- National Bank of Commerce 1 to 4. Citizens National Bank lto 9. Republic National Bank & Trust 1 to 9. First National Bank lto 8. Co. Wichita Falls- Del Rio—Del Rio National Bank.___| 1 to 9. City National Bank lto 9. Denison— First National Bank lto 9. Citizens National Bank 1 to 9. State National Bank 1 to 9. DISTRICT NO. 12 El Paso— El Paso National Bank 1 to 9. ALASKA State National Bank 1 to 9. Floresville—City National Bank 1 to 9. Fairbanks—First National Bank lto 9. Fort Worth- Continental National Bank 1 to 9. ARIZONA First National Bank 1, 2, and 4. Fort Worth National Bank 1 to 9. Phoenix—First National Bank_> lto 9. Stockyards National Bank | 1 to 4. Winslow—First National Bank. 1. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
281 FIDUCIARY POWEES DISTRICT NO. 12-Continued DISTRICT NO. 12—Continued CALIFORNIA OREGON Alhambra—First National Bank Ito9. Ashland—First National Bank 1 to 9. Bakersfield—First National Bank Athena—First National Bank. 1 to 9. Beverly Hills- 1 to 9. Corvallis—First National Bank 1 to 9. Beverly Hills National Bank & Eugene—First National Bank 1 to 5. Trust Co. Ito9. Grants Pass—First National Bank of 1 to 3, 5 to 7, First National Bank Southern Oregon. and 9. Chieo—First National Trust .& Sav- 1 to 9. Harrisburg—First National Bank 1 to 3. Fu i l n le p r a to B n a — nk First National Trust & 1 to 8. J H u o n o c d ti o R n iv C er i — ty— Fir F s i t r s N t a N ti a o t n i a o l n B al a n B k ank.. 1 1 t t o o 9 3 . , 5 to 7, Savings Bank. 1 to 9. and 9. Long Beach—California First Na- Klamath Fallstional Bank. Ito9. American National Bank 1 to 8. Los Angeles— First National Bank Ito9. Citizens National Trust & Sav- 1 to 9. McTvl innville—United States Na- 1 to 9. ings Bank. tional Bank. Farmers & Merchants National 1 to 9. Marshfield— Bank. Coos Bay National Bank 1 to 9. Seaboard National Bank 1 to 9. First National Bank of Coos Bay. 1 to 9. Security-First National Bank Ito9. Medford— Mountain View—First National 4. First National Bank 1 to 9. Bank Medford National Bank 1 to 9. Oakland- Milton—First National Bank 1 to 4. Central National Bank. 1 to 9. Newberg—United States National 1 to 9. First National Bank 1 to 9. Bank of Newburg. Orange—First National Bank 1 to 9. Pendleton—First Inland National 1 to 9. Orland—First National Bank 4. Bank. Pasadena—Security National Bank.- Ito9. Portland- Pleasanton—First National Bank 4. First National Bank , 1 to 9. Pomona—First National Bank.. 1 to 3. 5 to 7. Peninsula National Bank 1 to 9. Redwood City—First National Bank 1 to 3, 5, 7. United States National Bank 1 to 9. of San Mateo County. to 9. Salem— Riverside—Citizens National Trust 1 to 9. First National Bank in Salem 1 to 9. & Savings Bank. United States National Bank 1 to 9. Sacramento—Capital National Bank_ 1 to 9. The Dalles—First National Bank 1 to 9. Salinas—Salinas National Bank 4. San Bernardino—American National 1 to 9. UTAH Bank. San Diego- Logan—First National Bank 1 to 9. First National Trust & Savings 1 to 9. Ogden—First National Bank 1. Bank. Price—First National Bank 2, 3, 5 to 8. La Jolla National Bank.. Ito9. Salt Lake City— San Francisco- Continental National Bank & 1 to 7 and 9. Anglo & London Paris National 1 to 9. Trust Co. Bank. Deseret National Bank 1 to 4. Bank of America National Trust 1 to 9. & Savings Association. WASHINGTON Bank of California, N. A 1 to 9. Crocker First National Bank 1 to 9. Aberdeen—Grays Harbor National 1 to 9. Pacific National Bank___ _. 1 to 3. Bank. Santa Ana—First National Bank 1 to 9. Bellingham— Santa Barbara— American National Bank 1 to 3 and 9. County National Bank & Trust ! 1 to 9. Bellingham National Bank 1 to 9. Co. First National Bank 1 to 5 and 9. First National Trust & Savings ! 1 to 9. Northwestern National Bank 1 to 9. Bank. Burlington—First National Bank 1 to 7 and 9. Stockton—First National Bank _. 1 to 9. Chechalis—First National Bank 1 to 9. Ventura—Union National Bank 1 to 5. Colfax—Farmers National Bank 1 to 5. Whittier—Whittier National Trust j 1 to 9. Dayton—Columbia National Bank... 1 to 3. & Savings Bank. Ellensburg—Washington National 1 to 9. Woodland—Bank of Woodland, N. Aj 1 to 3, 5 to 7. Bank. Everett- IDAHO Citizens Security National Bank. 1 to 9. Boise- First National Bank 1 to 9. Boise City National Bank. 1 to 9. Longview—First National Bank 1 to 9. First National Bank of Idaho 1 to 5. Mount Vernon- Hagerman—First National Bank J 1. First National Bank „ 1 to 9. Hailey—Hailey National Bank 1 to 3. Skagit National Bank 1 to 4. Idaho Falls—American National Okanogan—First National Bank 1 to 9. Bank. Olympia— Lewiston—Lewiston National Bank.. 1 to 9. Capital National Bank 1 to 9. Moscow—First National Bank. 1 to 4. Olympia National Bank 1 to 9. Port Angeles—First National Bank__ 1 to 9. NEVADA Pullman—First National Bank_ 1 to 7. Raymond —First Willapa Harbor Ito9. Reno—First National Bank in Reno. 1 to 7 and 9. National Bank. Tonopah—Nevada First National I 4 and 9. Rosalia—Whitman County National 1 to 9. Bank. I Bank. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
282 ANNUAL, REPORT OF THE FEDERAL RESERVE BOARD Powers Powers granted granted DISTRICT NO. 12—Continued DISTRICT NO. 12-Continued WASHINGTON—continued WASHINGTON—continued Seattle- Vancouver—Vancouver National 1 to 4. First National Bank _ __1 to 9. Bank. National Bank of Commerce 1 to 9. Waitsburg—First National Bank Ito9. Pacific National Bank 1 to 9. Walla Walla— University National Bank __ 1 to 9. Baker-Boyer National Bank 1 to 9. Spokane— First National Bank.. 1 to 9. First National Trust & Savings Ito9. Wenatcbee—First National Bank 1 to 9. Bank. Yakima—Yakima First National 1 to 9. Old National Bank & Union 1 to 9. Bank. Trust Co. Tacoma— HAWAIIAN ISLANDS National Bank of Tacoma._ 1 to 9. Puget Sound National Bank 1 to 9. Honolulu—Bishop First National Ito8. Toppenish—First National Bank 1 to 9. Bank. NOTE.—The above list does not include the names of national banks which have received permission to administer trusts transferred to them in connection with the acquisition of assets of other banking institutions, but which have not been granted the right to accept new trust business. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BANKS AUTHORIZED TO ACCEPT BILLS UP TO 100 PER CENT OF CAPITAL AND SURPLUS The following banks have been granted authority by the Federal Reserve Board to accept drafts and bills of exchange up to 100 per cent of their capital stock and surplus: DISTRICT NO. 1 Connecticut: Massachusetts—Continued. Hartford—Hartford National Bank & Trust Dedham—Dedbam National Bank. Co. Fitchburg—Safety Fund National Bank. New Haven—First National Bank & Trust Co. New Bedford— Maine: First National Bank. Portland- Safe Deposit National Bank. Canal National Bank. Springfield — Springfield National Bank. Portland National Bank. Worcester—Worcester County National Bank. Massachusetts: Rhode Island: Boston- Providence— First National Bank. Blackstone Canal National Bank. Merchants National Bank. Industrial Trust Co. National Shawmut Bank. National Bank of Commerce & Trust Co. Old Colony Trust Co. Providence National Bank. Second National Bank. Rhode Island Hospital Trust Co. State Street Trust Co. Webster & Atlas National Bank. DISTRICT NO. 2 Connecticut: New York—Continued. Bridgeport—First National Bank & Trust Co. New York City—Continued. New Jersey: Chemical Bank & Trust Co. Hoboken—First National Bank. Commercial National Bank & Trust Co. Newark—National Newark & Essex Banking Corn Exchange Bank Trust Co. Co. Fifth Avenue Bank. New Brunswick—National Bank of New Jer- First National Bank. sey. Grace National Bank. Paterson— Guaranty Trust Co. Hamilton Trust Co. Harriman National Bank & Trust Co. Paterson National Bank. Irving Trust Co. New York: Marine Midland Trust Co. New York City- National City Bank. Bank of New York & Trust Co. New York Trust Co. Bankers Trust Co. Public National Bank & Trust Co. Chase National Bank. DISTRICT NO. 3 Pennsylvania: Pennsylvania—Continued. Philadelphia- Philadelphia—Continued. Corn Exchange National Bank & Trust Co. Philadelphia National Bank. First National Bank. Tradesmen's National Bank & Trust Co* Market Street National Bank. DISTRICT NO. 4 Ohio: Pennsylvania: Cincinnati— Brad dock—First National Bank. Fifth-Third Union Trust Co. Greensburg—First National Bank & Trust Co. Cleveland— Pittsburgh- Central United National Bank. First National Bank. Cleveland Trust Co. Mellon National Bank. Guardian Trust Co. Union National Bank. Union Trust Co. Union Trust Co. Columbus- West Virginia: City National Bank & Trust Co. Wheeling—Wheeling Bank & Trust Co, Ohio National Bank. 283 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
284 ANNUAL. REPORT OF THE FEDERAL RESERVE BOARD DISTRICT NO. 5 Maryland: Virginia: Baltimore— Danville—First National Bank. Baltimore Commercial Bank. Hampton—Merchants National Bank. Baltimore Trust Co. Norfolk- First National Bank. Norfolk National Bank of Commerce & Maryland Trust Co. Trusts. National Marine Bank. Seaboard-Citizens National Bank. "Western National Bank. Virginia National Bank. South Carolina: Richmond- Charleston—South Carolina National Bank. Bank of Commerce & Trusts. Orangeburg—Edisto National Bank, Central National Bank. Rock Hill—Peoples National Bank. First-Merchants National Bank. DISTRICT NO. 6 Alabama: G eorgia—C ontinued. Decatur—First National Bank in Decatur. Vaidosta—First National Bank. Huntsville—Henderson National Bank. Louisiana: Mobile— Lake Charles—First National Bank. First National Bank. New Orleans- Merchants National Bank. American Bank & Trust Co. Montgomery—First National Bank. Canal Bank & Trust Co. Florida: Hibernia Bank & Trust Co. Jacksonville—Atlantic National Bank. Interstate Trust & Banking Co. Pensacola—Citizens & Peoples National Bank. Whitney National Bank Georgia: Mississippi: Albany—Albany Exchange National Bank. Laurel—First National Bank. Atlanta—First National Bank Vicksburg—Merchants National Bank Macon—First National Bank & Trust Co. Trust Co. Savannah— Tennessee: Citizens & Southern National Bank. Chattanooga- Citizens Bank & Trust Co. First National Bank. Savannah Bank & Trust Co. Hamilton National Bank. Clarksville—First National Bank. DISTRICT NO. 7 Illinois: Indiana: Chicago- Brazil—Riddell National Bank. Continental National Bank & Trust Co. Indianapolis—Fletcher-American National Drovers National Bank. Bank. First National Bank. Michigan: Harris Trust & Savings Bank. Detroit—First Wayne National Bank Peoria—Commercial Merchants National Bank Wisconsin: & Trust Co. Milwaukee—First Wisconsin National Bank. DISTRICT NO. 8 Missouri: Tennessee: St. Louis- Mem phis— First National Bank in St. Louis. First National Bank. Mississippi Valley Trust Co. Union Planters National Bank & Trust Co, DISTRICT NO. 9 Minnesota: M innesota—C on tinued. Minneapolis- Minneapolis—Contined- First National Bank in Minneapolis. Northwestern National Bank. Midland National Bank & Trust Co. St. Paul—First National Bank. DISTRICT NO. 10 Colorado: Missouri—Continued. Denver—Denver National Bank. Kansas City—Continued. Kansas: Fidelity National Bank & Trust Co. Hutchinson—First National Bank. First National Bank. Lawrence—Lawrence National Bank St. Joseph—First National Bank. Missouri: Oklahoma: Kansas City- Oklahoma City—First National Bank & Trust Commerce Trust Co. Co. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BANKS AUTHORIZED TO ACCEPT BILLS UP TO 100 PEE CENT 285 DISTRICT NO. 11 Arizona: Texas—Continued* Nogales-—First National Bank. Galveston— Texas: Hutchings-Sealy National Bank. Austin—American National Bank. United States National Bank. Brownwood—First National Bank in Brown- Hillsboro—Citizens National Bank. wood. Houston— Corpus Christi—State National Bank. First National Bank. Dallas- Houston National Bank. First National Bank in Dallas. National Bank of Commerce. Republic National Bank & Trust Co. Second National Bank. Eagle Pass—First National Bank. South Texas Commercial National Bank. Fort Worth- Union National Bank. Fort Worth National Bank. Navasota—First National Bank. Stockyards National Bank. San Angelo—First National Bank. Terrell—American National Bank. Waco—First National Bank. DISTRICT NO. 12 California: Oregon: Los Angeles— Portland— Citizens National Trust & Savings Bank. First National Bank. Security-First National Bank. United States National Bank. San Francisco- Washington: American Trust Co. Seattle- Anglo & London-Paris National Bank. First National Bank. Bank of California, N. A. National Bank of Commerce. Crocker-First National Bank. Spokane— Pacific National Bank. Old National Bank & Union Trust Co. Wells Fargo Bank & Union Trust Co. Spokane & Eastern Trust Co. Santa Barbara—First National Trust & Savings Tacoraa—National Bank of Tacoma. Bank. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DESCRIPTION OF FEDERAL RESERVE DISTRICTS Land area Population Fecleral reserve district (square July 1,1931 miles) (estimated) No. 1—Boston 61,345 7,834, 000 No. 2—New York 51,890 16,343, 000 No. 3—Philadelphia..- 36,842 7,619, 000 No. 4—Cleveland 73,424 11,407,000 No. 5—Richmond 152, 316 11, 073, 000 No. 6—Atlanta 248,226 11, 339, 000 No. 7—Chicago 190,513 18, 606, 000 No. 8—St. Louis 194,810 9, 676, 000 No. 9—Minneapolis 414,004 5, 370, 000 No. 10—Kansas City- 480,438 7, 967, 000 No. 11—Dallas 386, 116 7, 078, 000 No. 12—San Francisco. 683,852 9, 758, 000 Total. 2,973, 776 124, 070,000 FEDERAL RESERVE DISTRICTS DISTRICT NO. 1—BOSTON 61, 345 7, 834, 000 Connecticut (excluding Fairfield County) 4,189 1, 233, 000 Maine .- 29,895 800, 000 Massachusetts 8,039 4, 280, 000 New Hampshire 9,031 467, 000 Rhode Island _ 1,067 694, 000 Vermont 9,124 360, 000 DISTRICT NO. 2—NEW YORK 51,8 16, 343, 000 Connecticut (Fairfield County) 631 391, 000 New Jersey 3,605 3,196, 000 Counties of— Bergen. Hunterdon. Morris. Sussex. Essex. Middlesex. Passaic. Union. Hudson. Monmouth. Somerset. Warren. New York — 47, 654 12,756,000 DISTRICT NO. 3—PHILADELPHIA 36,842 7, 619, 000 Delaware 1,965 240,000 New Jersey 3,909 913, 000 Counties of— Atlantic. Cape May. Gloucester. Ocean. Burlington. Cumberland. Mercer. Salem. Camden. Pennsylvania 30, S63 6, 466, 000 Counties of— Adams. Clinton. Lebanon. Philadelphia. Bedford. Columbia. Lehigh. Pike. Berks. Cumberland. Luzerne. Potter. Blair. Dauphin. Lycoming. Schuylkil]. Bradford. Delaware. McKean. Snyder. Bucks. Elk. Mifflin. Sullivan. Cambria. Franklin. Monroe. Susquehanna Cameron. Fulton. Montgomery. Tioga. Carbon. Huntingdon. Montour. Union. Center. Juniata. Northampton. Wayne. Chester. Lackawanna. Northumberland. Wyoming. Clearfield. Lancaster. Perry. York. 286 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
287 DESCRIPTION OF FEDERAL RESERVE DISTRICTS FEDERAL RESERVE DISTRICTS—Continued Land area Population Federal reserve district (square July 1, 1931 miles) (estimated) DISTRICT NO. 4—CLEVELAND 73,424 11,407,000 Kentucky (eastern part) 17,614 1,257,000 Counties of— Bath. Fleming. Lawrence. Nicholas. Bell. Floyd. Lee. Owsley. Boone. Garrard. Leslie. Pendleton. Bourbon. Grant. Letcher. Perry. Boyd. Greenup. Lewis. Pike. Bracken. Harlan. Lincoln. Powell. Breathitt. Harrison. McCreary. Pulaski. Campbell. Jackson. Madison. Robertson. Carter. Jessamine. Magoffm. Rockcastle. Clark. Johnson. Martin. Rowan. Clay. Kenton. Mason. Scott. Elliott. Knott. Menifee. Whitley. Estill. Knox. Montgomery. Wolfe. Fayette. Laurel. Morgan. Woodford. Ohio 40,740 6,714,000 Pennsylvania (western part) 13,864 3 234 000 Counties of— Allegheny. Crawford. Indiana. Venango. Armstrong. Erie. Jefferson. Warren. Beaver. Fayette. Lawrence. Washington. Butler. Forest. Mercer. Westmoreland. Clarion. Greene. Somerset. West Virginia (nortliern part) 1,206 202,000 Counties of- Brooke. Marshall. Tyler. Hancock. Ohio. Wetzel. DISTRICT NO. 5—RICHMOND 152,316 11,073,000 District of Columbia 62 491,000 Maryland 9,941 1 645 00C North Carolina > - 48,740 3 Ay , \J 2 ^L 1 KJ^ 7 \J , \J\ 0 J 00 South Carolina 30,495 1 743 00C Virginia 40,262 2 430 000 West Virginia (soutlhern part) 22,816 1,547,000 Counties of- Barbour. Hardy. Mingo. Roane. Berkeley. Harrison. Monongalia. Summers. Boone. Jackson. Monroe. Taylor. Braxton. Jefferson. Morgan. Tucker. Cabell. Kanawha. Nicholas. Upshur. Calhoun. Lewis. Pendleton. Wayne. Clay. Lincoln. Pleasants. Webster. Doddridge. Logan. Pocahontas. Wirt. Fayette. McDowell. Preston. Wood. Gilmer. Marion. Putnam. Wyoming. Grant. Mason. Raleigh. Greenbrier. Mercer. Randolph. Hampshire. Mineral. Ritchie. DISTRICT NO. 6—ATLANTA 248,226 11,339,000 Alabama 51,279 2 fifiQ ODfl F G l e o o ri r d g a ia.- _ . 5 5 4 8 , , 8 7 6 2 1 5 2 m 1 tp , , 9 \ 5 J\J 0 0 i7f 9 6 \J , , \J 0 0 \J 0 0 0 0 Louisiana (southernpart) 28,891 Parishes of- Acadia. Evangeline. Rapides. Tangipahoa. Allen. Iberia. St. Bernard. Terre bonne. Ascension. Iberville. St. Charles. Vermilion. Assumption. Jefferson. St. Helena. Vernon. Avoyelles. Jefferson Davis. St. James. Washington. Beauregard. Lafayette. St. John the Bap- West Baton Calcasieu. La Fourche. tist. Rouge. Cameron. Livingston. St. Landry. West Feliciana. East Baton Orleans. St. Martin. Rouge. Plaquemines. St. Mary. East Feliciana. Pointe Coupee. St. Tammany. Mississippi (southern part) 25,519 971,000 Counties of- Adams. Harrison. Lawrence. Scott. Amite. Hinds. Leak©. Sharkey. Clai borne. Issaquena. Lincoln. Simpson. Clarke. Jackson. Madison. Smith. Copiah. Jasper. Marion. Stone. Covington. Jefferson. Neshoba. Waithall. Forrest. Jefferson Davis. Newton. Warren. Franklin. Jones. Pearl River. Wayne. George. Kemper. Perry. Wilkinson. Greene. Lamar. Pike. Yazoo. Hancock. Lauderdale. Rankin* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
288 ANNUAL REPORT OF THE FEDERAL RESERVE BOARD FEDERAL RESERVE DISTRICTS—Continued Land area Population Federal reserve district (square July 1,1931 miles) (estimated) DISTRICT NO. 6.—ATLANTA—Continued. Tennessee (eastern part) _„_. _ _ 30,951 1, 844, 000 Counties of— Anderson. Giles. McMinn. Scott. Bedford. Grainger. Macon. Sequatchie. Bledsoe. Greene. Marion. Sevier. Blount. Grundy. Marshall. Smith. Bradley. Hamblon. Maury. Stewart. Campbell. Hamilton. Meigs. Sullivan. Cannon. Ilaneock. Monroe, Suraner. Carter. Hawkins. Montgomery. Trousdale. Cheatham. Hickman. Moore. TJnicoi. Claiborne. Houston. Morgan. Union. Clay. Humphreys. Overt on. Van Buren. Cocke. Jackson. Perry. Warren. Coffee. Jefferson. Pickett. Washington. Cumberland. Johnson. Polk. Wayne. Davidson. Knox. Putnam. White. De Kalb. Lawrence. Rhea. Williamson. Dickson. Lewis. Roane. Wilson. Fentress. Lincoln. Robertson. Franklin. Loudon. Rutherford. DISTRICT NO. 7.—CHICAGO 190>513 18, 606, 000 Illinois (northern part') _ . 35,448 6, 463, 000 Counties of— Boone. Ford. Livingston. Rock Island. Bureau. Fulton. Logan. Sangamon. Carroll. Grundy. McDonough. Schuyler. Cass. Hancock. McHenry. Shelby. Champaign. Henderson. McLean. Stark. Christian. Henry. Macon. Stephenson. Clark. Iroquois. Marshall. Tazewell. Coles. Jo Daviess. Mason. Vermilion. Cook. Kane. Menard. Warren. Cumberland. Kankakee. Mercer. Whitesido. De Kalb. Kendall. Moultrie. Will. De Witt. Knox. Ogle. Winnebapo. Douglas. Lake. Peoria. Woodford. Du Page. La Sslle. Piatt. Edgar. Lee. Putnam. Indiana (northern part) 26,707 2,649, 000 Counties of— Adams. Fountain. La Porte. Ripiey. Allen. Franklin. Madison. Rush. Bartholomew. Fulton. Marion. St. Joseph. Benton. Grant. Marshall. Shelby. Blackford. Hamilton. Miami. Siarke. Boone. Hancock. Monroe. Steubcn. Brown. Hen d ricks» Montgomery. Tippecanoe. Carroll. Henry. Morgan. Tipton. Cass. Howard. Newton. Union. Clay. Huntmgton. Noble. Vermillicn. Clinton. Jasper. Ohio. Vigo. Dearborn. Jay. Owen. Wabash. Decatur. Jennmgs. Parke. Warren. De Kalb. Johnson. Porter. Wavne. Delaware. Kosciusko. Pulaski. Wells. Slkhart Lagrange. Putnam. White. Fayette. Lake.. Randolph. Whitley. Iowa 55,586 2, 476, 000 Michigan (southern part) 40,789 4,607,000 Counties of— Alcona. Eaton. Lapeer. Ogemaw. Allegan. Emmet. Leelanau. Osceola. Alpena. Genesee. Lenawee. Oscoda. Antrim. Gladwin. Livingston. Otsego. Arenac. Grand Traverse Macomb. Ottawa. Barry. Gratiot. Manistee. Presque Isle. Bay. Hillsdale. Mason. Iloscoxnmon. Benzie. Huron. Mecosta. Saginaw. Beirien. Ingham. Midland. St. Clair. Branch. Ionia. Missaukee. St. Joseph. Calhoun. Iosco. Monroe. Sanilac. Cass. Isabella. Montcalm. Shiawassee. Charlevoix. Jackson. Montmorency. Tuscola. Cheboygan. Kalamazoo. Muskegon. Van Buren. Claire. Kalkaska. Newaygo. Washtenaw. Clinton. Kent. Oakland. Wayne. Crawford. Lake. Oceana. Wexford. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
DESCRIPTION OF FEDERAL RESERVE DISTRICTS 289 FEDERAL RESERVE DISTRICTS—Continued Population Federal reserve district July 1,1932 (estimated) DISTRICT NO. 7.—CHICAGO— Continued. Wisconsin (southern part) Counties of— Adams. Green Lake. Marquette, Sheboygan. Brown. Iowa. Milwaukee. Vernon. Calumet. Jackson. Monroe. Walworth. Clark. Jefferson. Oconto. Washington, Columbia. Juneau. Outaganiie. Waukesha. Crawford. Kenosha. Ozaukce. Waupaca. Dane. Kewaunee. Portage. Waushara. Dodge. Lafayette. Racine. Winnebago. Door. Langlade. Richland. Wood. Fond du Lac. Manitowoc Rock. Grant. Marathon. Sauk. Green. Marinette. Shawano. DISTRICT NO. 8—ST. LOUIS - Arkansas Illinois (southern part) Counties of— Adams. Franklin. Macoupin. Randolph. Alexander. Gallatin. Madison. Richland. Bond. Greene. Marion. St. Clair. Brown. Hamilton. Massac. Saline. Calhoun. Hardin. Monroe. Scott. Clay. Jackson. Montgomery. Union. Clinton. Jasper. Morgan. Wabash. Crawford. Jefferson. Perry. Washington. Edwards. Jersey. Pike. Wayne. Effingham. Johnson. Pope. White. Fayette. Lawrence. Pulaski. Williamson. Indiana (southern part). - — 9,338 613,000 Counties of— Clark. Greene. Martin. Spencer. Crawford. Harrison. Orange. Sullivan. Daviess. Jackson. Perry. Switzerland. Dubois. Jefferson. Pike. Vanderburg. Floyd. Knox. Posey. Warrick. Gibson. Lawrence. Scott. Washington. Kentucky (western part) - 22,567 1,373,000 Counties of— Adair. Crittenden. Hopkins. Ohio. Allen. Cumberland. Jefferson. Oldham. Anderson. Daviess. Larue. Owen. Ballard. Edmonson. Livingston. Russell. Barren. Franklin. Logan. Shelby. Boyle. Fulton. Lyon. Simpson. Breckenridge. Gallatin. McCracken. Spencer. Bullitt. Graves. McLean. Taylor. Butler. Grayson. Marion. Todd. Caldwell. Green. Marshall. Trigg. Oalloway. Hancock. Meade. Trimble. Carlisle. Hardin. Mercer. Union. Carroll. Hart. Metcalfe. Warren. Casey. Henderson. Monroe. Washington. Christian. Henry. Muhlenberg. Wayne. Clinton. Hickinan. Nelson. Webster. Mississippi (northern part) _ 20,843 1,055,000 Counties of— Alcorn. De Soto. Monroe. Tate. Attala. Grenada. Montgomery. Tippah. Benton. Holmes. Noxubee. Tishomingo. Bolivar. Humphreys. Oktibbeha. Tunica. Calhoun. Itawamba. Panola. Union. Carroll. Lafayette. Pontotoc. Washington. Chickasaw. Lee. Prentiss. Webster. Choctaw. Leflore. Quitman. Winston. Clay. Lowndes. Sunflower. Yalobusha. Coahoma. Marshall. Tallahatehie. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
290 ANNUAL REFORT OF THE FEDERAL RESERVE BOARD FEDERAL RESERVE DISTRICTS—Continued Land area Population Federal reserve district (square July 1,1931 miles) I (estimated) DISTEICT No. 8.—ST. LOUIS—Continued. Missouri (eastern part) 58,206 2,724,000 Counties of— Adair. Douglas. Maries. Reynolds. Audrain. Dunklin. Marion. Ripley. Barry. Franklin. Mercer. St. Charles. Benton. Gasconade. Miller. St. Clair. Bollinger. Greene. Mississippi. St. Francois. Boone. Grundy. Moniteau. St. Louis. Butler. Harrison. Monroe. St. Louis City. Caldwell. Henry. Montgomery. Ste. Genevieve. Callaway. Hickory. Morgan. Saline. Camden. Howard. New Madrid. Schuyler. Cape Girardeau. Howell. Oregon. Scotland. Carroll. Iron. Osage. Scott. Carter. Jefferson. Ozark. Shannon. Cedar. Johnson. Pemiscot. Shelby. Chariton. Knox. Perry. Stoddard. Christian. Laclede. Pettis. Stone. Clark. Lafayette. Phelps. Sullivan. Cole. Lawrence. Pike. Taney. Cooper. Lewis. Polk. Texas. Crawford. Lincoln. Pulaski. Warren. Dade. Linn. Putnam. Washington. Dallas. Livingston. Rails. Wayne. Daviess. Macon. Randolph. WTebster. Dent. Madison. Ray. Wright. Tennessee (western part) 10, 736 794,000 Counties of— Benton. Fayette. Henry. Shelby. Carroll. Gibson.. Lake. Tipton. Chester. Hardeman. Lauderdale. Weakley. Crockett. Hardin. McNairy. Decatur. Haywood. Madison. Dyer. Henderson. Obion. DISTEICT NO. 9—MINNEAPOLIS. 414, 004 5,370,000 Michigan (northern part) 16,691 324, 000 Counties of— Alger. Dickinson. Keweenaw. Menominee. Baraga. Gogebic. Luce. Ontonagon. Chippewa. Houghton. Mackinac. Schoolcraft. Delta. Iron. Marquette. Minnesota SO, 858 2, 577,000 Montana 146,131 i 537, 606 North Dakota 70, 183 683,000 South Dakota 76,868 697,000 Wisconsin (northern part) 23, 273 551,000 Counties of— Ashland. Dunn. Oneida. Sawyer. Barron. Eau Claire. Pepin. Taylor. Bay field. Florence. Pierce. Trempealeau Buffalo. Forest. Polk. Vilas. Burnett. Iron. Price. Washburn. Chippewa. La Crosse. Rusk. Douglas. Lincoln. St. Croix. DISTEICT NO. 10—KANSAS CITY. 480,438 7, 967, 000 Colorado., 103, 658 1, 043,000 Kansas 81, 774 1, 889,000 Missouri (western part) 10,521 922, 000 Counties of— Andrew. Oass. Holt. Nodaway. Atchison. Clay. Jackson. Platte. Barton. Clinton. Jasper. Vernon. Bates. De Kalb. McDonald. Worth. Buchanan. Gentry. Newton. Nebraska 76,808 1,384,000 New Mexico (northern part) 48,359 235,000 Counties of— Bernalillo. Mora. San Miguel. Valencia. Colfax. Rio Arriba. Santa Fe. Harding. Sandoval. Taos. McKinley. San Juan. Union. i Population Apr. 1, 1930; decreased 1920 to 1930; no estimate made. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 291 FEDERAL RESERVE DISTRICTS—Continued Land area Population Federalreserve district (square July 1,1931 miles) (estimated) DISTRICT NO. 10-KANSAS CITY—Continued. Oklahoma (northwt»st,p,rn Dart") 61, 770 2, 266, 000 Counties of— Adair. Ellis. Logan. Pontotoc. Alfalfa. Garfield. Love. Pottawatomie. Beaver. Garvin. McClain. Roger Mills. Beckham. Grady. Mclntosh. Rogers. Blaine. Grant. Major. Seminole. Caddo. Greer. Mayes. Sequoyah. Canadian. Harmon. Murray. Stephens. Carter. Harper. Muskogee. Texas. Cherokee. Haskell. Noble. Tillman. Cimarron. Hughes. Nowata. Tulsa. Cleveland. Jackson. Okfuskee. Wagoner. Comanche. Jefferson. Oklahoma. Washington. Cotton. Kay. Okmulgee. Washita. Craig. Kingfisher. Osage. Woods. Creek. Kiowa. Ottawa. Woodward. Custer. Latimer. Pawnee. Delaware. Le Flore. Payne. Dewey. Lincoln. Pittsburg. Wyoming 97, 548 228, 000 DISTRICT NO. 11—DALLAS 386,116 7,078,000 Arizona (southeastern part) 23, 412 129, 000 Counties of— Cochise. Greenlee. Pima. Santa Cruz. Graham. Louisiana (northern part) 18, 518 685, 000 Parishes of- Bienville. De Soto. Madison. Tensas. Bossier. East Carroll Morehouse. Union. Caddo. Franklin. Natchitoches. Webster. Caldwell. Grant. Ouachita. West Carroll. Catahoula. Jackson. Red River. Winn. Claiborne. La Salle. Richland. Concordia. Lincoln. Sabine. New Mexico (southern part) 74,144 193,000 Counties of— Catron. Eddy. Lincoln. Sierra. C haves. Grant. Luna. Socorro. Curry. Guadalupe. Otero. Torrence. De Baca. Hidalgo. Quay. Dona Ana. Lea. Roosevelt. Oklahoma (southeastern part) _ 7,644 158,000 Counties of— Atoka. Choctaw. Johnston. Marshall. Bryan. Coal. McCurtain. Pushmataha. Texas 262, 398 5, 913, 000 DISTRICT NO. 12—SAN FRANCISCO . 683,852 9,758, 000 Arizona (northwestern part) 90, 398 314,000 Counties of— Apache. Marieopa. Navajo. Yavapai. Coconino. Mohave. Pinal. Yuma. Gila. California 155, 652 5, 848,000 Idaho 83, 354 446,000 Nevada 109,821 92,000 Oregon . __ . «. 95, 607 967,000 Utah 82,184 512, 000 Washington 66,836 1, 579, 000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEDERAL RESERVE BRANCH TERRITORIES [December 31,1831] BUFFALO BRANCH (District No. 2).—The 10 most westerly counties of New York State, as follows: Monroe Orleans Allegany Wyoming Chautauqua Genesee Erie Cattaraugus Livingston Niagara CINCINNATI BRANCH (District No. 4).—That part of Kentucky in Federal reserve district No. 4,, aud the following 25 counties in southern Ohio: Adams Clermont Greene Meigs Ross Athens Clinton Hamilton Miami Scioto Brown Darke Highland Montgomery Vinton Butler Fayette Jackson Pike Warren Clark Gallia Lawrence Preble Wash ington PITTSBURGH BRANCH (District No. 4).—Those portions of the States of Pennsylvania and West Virginia; included in Federal reserve district No. 4. BALTIMORE BRANCH (District No. 5).—The State of Maryland and the following 30 counties of West; Virginia: Barbour Grant Lewis Pendleton Taylor Berkeley Hampshire Marion Pleasants Tucker Braxton Hardy Mineral Preston Upshur Calhoun Harrison Monongalia Randolph Webster Doddridge Jackson Morgan Ritchie Wirt Gilmer Jefferson Nicholas Roane Wood CHARLOTTE BRANCH (District No, 5).—The following counties in the States of North Carolina aad South Carolina:: NORTH CAROLINA Alexander Caldwell Haywood McDowell Swain Alleghany Catawba Henderson Mecklenburg Transylvania Ashe Cherokee Iredell Mitchell Union Avery Clay Jackson Polk Watauga Buncombe Cleveland Lincoln Rowan Wilkes Burke Gaston Macon Rutherford Yancey Cabarrus Graham Madison Stanly SOUTH CAROLINA Abbeville Edgefield Lancaster Newberry Saluda Aiken Fairfieid Laurens Oconee Spartanburg Anderson Greenville Lexington Pickens Union Cherokee Greenwood McCormick Richland York Chester BIRMINGHAM BRANCH (District No. 6).—The State of Alabama except the following: counties: Mobile, Baldwin, Russell, Pike, Barbour, Coffee, Dale, Henry, Covington, Geneva, and Houston, and towns and cities in Lee and Chambers counties located on or south of the Atlanta & West Point Railroad and th«s Western Railway of Alabama. JACKSONVILLE BRANCH (District No. 6).—The entire State of Florida. NASHVILLE BRANCH (District No. 6).—That part of the State of Tennessee included in Federal reserve district No. 6 with the exception of the city of Chattanooga. NEW ORLEANS BRANCH (District No. 6).—Those parts of the States of Louisiana and Mississippi located in Federal reserve district No. 6, and the counties of Mobile and Baldwin in Alabama. DETROIT BRANCH (District No. 7).—The following 19 counties in the State of Michigan: Bay Ingham Livingston Saginaw Tuscola Genesee Jackson Macomb Sanilac Washtenaw Hillsdale Lapeer Monroe St. Clair Waj'ne Huron Lenawee Oakland Shiawassee LITTLE ROCK BRANCH (District No. 8).—Territory is not determined by State or county lines. Branch territory consists of all cities in Arkansas except those assigned to the head office and to the Memphis branch. (For names of cities see Federal Reserve Interdistrict Collection System list.) LOUISVILLE BRANCH (District No. 8).—Territory is not determined by State or county lines. Branch territory consists of all cities in Kentucky and Indiana, included in Federal reserve district No. 8, except those assigned to the head office. (For names of cities see Federal Reserve Interdistrict Collection System list.) MEMPHIS BRANCH (District No. 8) .—Territory is not determined by State or county lines. Branch territory consists of all cities in Mississippi included in Federal reserve district No. 8; all cities in Tennessee included in district No. 8, except those assigned to St. Louis, and cities in Arkansas not assigned to St. Louis or Little Rock. (For names of cities see Federal Reserve Interdistrict Collection F^stem list.) * ' , . 293 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ANNUAL REPORT OF THE FEDERAL RESERVE BOARD 293 HELENA BRANCH (District No. 9).—The entire State of Montana. DENVER BRANCH (District No. 10).—The entire State of Colorado and that part of the State of New Mexico included in Federal reserve district No. 10. OKLAHOMA CITY BRANCH (District No. 10).—That part of the State of Oklahoma located in Federal reserve district No. 10. OMAHA BRANCH (District No. 10).—The entire States of Nebraska and Wyoming. EL PASO BRANCH (District No. 11).—That part of the States of Arizona and New Mexico located in Federal reserve district No. 11, and the following 14 counties in the State of Texas: Andrews Ector Jeff Davis Midland Ward Crane El Paso Loving Pecos Winkler Culberson Hudspeth Martin Reeves HOUSTON BRANCH (District No. 11).—The following 41 counties in the southeast part of the State of Texas: Anderson Colorado Jackson Montgomery Shelby Angelina Fayette Jasper Nacogdoches Trinity Austin Fort Bend Jefferson Newton Tyler Bastrop Galveston Lavaca Orange Victoria Brazoria Grimes Lee Polk Walker Brazos Hardin Liberty Sabine Waller Burleson Harris Madison San Augustine Washington Chambers Houston Matagorda San Jacinto Wharton Cherokee ANTONIO BRAN[CH (District No. in the State of Texas: Aransas Comal Hidalgo Llano Starr Atascosa De Witt Jim Hogg Live Oak Terrell Bandera Dimmit Jim Wells Mason Travis Bee Duval Karnes Maverick TJvalde Bexar Edwards Kendall McMullen Val Verde Blanco Frio Kenedy Medina Webb Brewster Gillespie Kerr Nueces Willacy Brooks Goliad Kimble Presidio Wilson Caldwell Gonzales Kinney Real Zapata Calhoun Guadalupe Kleburg Refugio Zavalla Cameron Hays La Salle San Patricio Los ANGELES BRANCH (District No. 12).—That part of the State of Arizona located in Federal reserve district No. 12, and the following counties in California: Imperial Los Angeles Riverside San Diego Ventura lnyo Orange San Bernardino Santa Barbara PORTLAND BRANCH (District No. 12).—The entire State of Oregon, except the towns of Klamath Falls, Lakeview, and Merrill, which are affiliated with the head office, and the following five counties in the State of Washington: Clarke Cowlitz Klickitat Skamania Wahkiakum and the town of Ilwaco, Wash. SALT LAKE CITY BRANCH (District No. 12).-—The entire State of Utah and the following counties in Idaho and Nevada: IDAHO Ada Bonneville Custer Jerome Payette Adams Butte Elmore Lemhi Power Bannock Carnas Franklin Lincoln Teton Bear Lake Canyon Fremont Madison Twin Falls Bingham Carribou Gem Minidoka Valley Blaine Cassia Gooding Oneida Washington Boise Clark Jefferson Owyhee NEVADA Clark Elko Lincoln White Pine SEATTLE BRANCH (District No. 12).—The following 16 counties in the State of Washington, except the town of Ilwaco, Wash. Clallam King Lewis Pierce Snohomish Grays Harbor Kitsap Mason San Juan Thurston Island Kittitas Pacific1 Skagit Whatcom Jefferson SPOKANE BRANCH (District No. 12).—The following counties in the States of Washington and Idaho: WASHINGTON Adams Columbia Garfield Pend Oreille Walla Walla Asotin Douglas Grant Spokane Whitman Benton Ferry Lincoln Stevens Yakima Chelan Franklin Okanogan IDAHO Benewah Boundary Idaho Latah Nez Perce Bonner Clearwater Kootenai Lewis Shoshone i Except the town of Ilwaco (see Portland branch). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
FEDERAL RESERVE DISTRICTS N. DAK> } 9 ^ MINN. MINNEAPOLIS S. DAK. 1 i i BOUNDARIES OF FEDERAL RESERVE DISTRICTS — —BOUNDARIES OF FEDERAL RESERVE BRANCH TERRITORIES ® FEDERAL RESERVE BANK CITIES • FEDERAL RESERVE BRANCH CITIES O FEDERAL RESERVE. BANK AGENCY Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX Acceptances: Bankers'— Page Held by accepting banks 123 Held by Federal reserve banks 49, 123, 136 Held by member banks on call dates 123 Outstanding 122 Distribution of 123 Open-market discount rates 79, 80 Banks, list of, authorized to accept bills up to 100 per cent of capital and surplus 283-285 Held by Federal reserve banks 49, 123, 136 Maturity of bills purchased and held by Federal reserve banks 50, 136 Number of pieces handled by Federal reserve banks 15, 55, 149, 150 Outstanding 122, 123 Purchased by member banks 98, 123, 170 Rates, discount and open-market— Average rates earned on bills bought by Federal reserve banks.._ 14, 79 Buying rates of Federal reserve banks 6, 7, 76 Changes in Federal reserve bank rates 6, 7, 73-75 Open-market rates in New York City 79, 80 Trade, held by Federal reserve banks 49, 136 (See also Bills bought; Bills discounted.) Adjusted-service certificates, discount of paper secured by 49 Amendment to Regulation G regarding 22, 222 Administrator, list of national banks authorized to act as 259 Advisory council, Federal. (See Federal advisory council.) Agencies of Federal reserve banks. (See Branches and agencies.) Agricultural paper: Discount rates 73 Held by Federal reserve banks 49, 136 Amendments to Federal reserve act. (See Federal reserve act.) Amendment to regulation G of the Federal Reserve Board 22, 222 Area of Federal reserve districts 286-291 Assessment for expenses of Federal Reserve Board 23, 156 Assets and liabilities. (See Resources and liabilities.) Assignee, list of national banks authorized to act as 259 Automobiles: Factory employment index 208 Factory pay-roll index 212 Production index : 206 Balance sheets. (See Condition of banks.) Bank consolidations 20, 128 Bank debits 124 Bank failures: By Federal reserve districts 191 By months 126 By size of city or town 127 By States 192 By years 125 Comments on, by Federal advisory council 219 Discussion of 1, 18 Number, classified according to capital stock 127 Bank mergers 20, 128 Bank premises, Federal reserve 16, 43, 45, 47, 58, 157 Book value 58 Cost of 58 Date occupied 58 Depreciation charges 157 Repairs, cost of 156 125554—32 20 295 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
296 INDEX Bank suspensions: Page By Federal reserve districts 191 By months 126 By size of city or town 127 By States 192 By years 125 Comments on, by Federal advisory council 219 Discussion of 1, 18 Number, classified according to capital stock 127 Bankers' acceptances. (See Acceptances.) Bankers' balances of member banks 96, 118, 168, 190 By Federal reserve districts 190 In New York City and other leading cities 118 On call dates____ 96, 168 Banking, branch and chain, recommendations of Federal advisory council regarding 220 Banking conditions in 1931, discussion of 1 Banking corporations authorized to do foreign banking business, examination of 18 Banks, list of, granted authority to accept bills up to 100 per cent of capital and surplus 283-285 Bills bought by Federal reserve banks 10, 15, 27-39, 41-47, 137-148 Earnings on 14, 59, 156 Rates of 14, 78 Holdings— By classes 49 By maturities._.. 50 Outright 41, 42, 44, 137-148 Under resale agreement 41, 42, 44, 137-148 Volume of— Federal reserve banks 15, 55, 149 Federal reserve branch banks 150 Bills discounted by Federal reserve banks 10, 15, 27-39, 41-47, 137-148 Earnings on 14, 59, 156 Rates of 14, 78 Holdings— By classes 49, 136 By maturities 50, 136 By months 135 Outright 42, 44 Under resale agreement 42, 44 Volume of— Federal reserve banks 15, 55, 149 Federal reserve branch banks 150 Bills payable and rediscounts, member banks on call dates 96, 168 Bonds: Capital issues 199 Index of prices . 200 Paper secured by, held by member banks 98, 119, 121, 170 United States. (See United States securities.) Book value, Federal reserve bank premises 58 Borrowings of member banks at Federal reserve banks: All banks— By Federal reserve districts 167 By months 91, 100 By States 179 Banks in New York City, Chicago, and other reserve cities 101-109 Compared with eligible assets held 94 Reporting member banks— By Federal reserve districts 189 By months 110 By weeks 113 In New York City 115 Outside New York City ---- 117 Branch banking, recommendations of Federal advisory council regarding- 220 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX 297 Branches and agencies of Federal reserve banks: Bank premises— Page Cost of 58 Date occupied 58 Book value 58 Building for Pittsburgh branch 16 Clearing operations 17, 150 Counties comprising territory 292-293 Directors of 1 230-237 Expenses of 17 Managers of 230-237 Number of 16 Territory 292-293 Volume of operations 17, 150 Brokers, loans to: As reported by New York Stock Exchange 120 By member banks 98, 119, 120, 121, 170 In New York City— By weeks 119 On call dates 121 Outside New York City 121 Building contracts awarded, index of 201 Building materials, wholesale prices, index of 214 Buildings, Federal reserve banks. 16, 58, 156, 157 Cost of bank premises 58 Book value 58 Date occupied 58 Depreciation charges 157 Repairs, cost of 156 Call loans: In New York City 119-120 Money rates in New York City 6, 79, 80 Capital: Banks suspended 125, 191, 192 Federal reserve banks 16, 43, 45, 47 Member banks 89, 90, 96, 168 State bank members 241 Capital issues 199 Capital stock of State member banks, classification according to 258-260 Car loadings, index of 201 Cash in vault, member banks: By weeks 113 In New York City 115 Outside New York City 117 Cash reserves of Federal reserve banks 40, 41, 42, 44, 46, 137-148 Cement, clay, and glass: Factory employment index 208 Factory pay-roll index 212 Central banks, foreign: Discount rates 83 Due to Federal reserve banks from 42, 44, 46 Open-market rates 84 Central reserve city banks: Condition of 90 Deposits, reserves, and borrowings at Federal reserve banks 91 Loans and investments 98 Certificates of indebtedness, Treasury: Held by Federal reserve banks 42, 51, 52, 53, 54 Temporary 1-day, held by Federal reserve banks 52, 53, 54 Yield on 79, 80 Chain banking, recommendations of Federal advisory council regarding-_ 220 Chairmen of board of directors of Federal reserve banks. (See Federal reserve agents.) Changes in discount rates of Federal reserve banks 6, 7, 73 Changes in membership in Federal reserve system 17, 18, 128 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
298 INDEX Charts: Federal reserve bank credit and factors in changes 3 Loans and investments of member and nonmember banks 5 Reserves of member banks 8 United States Government securities held by Federal reserve banks _ 9 Check clearing and collection: Gold settlement fund transactions 56, 151 Operations, volume of— Federal reserve banks 15, 55, 149 Federal reserve branch banks 17, 150 Par list, number of banks on 21, 57, 152, 153 Chemicals: Factory employment index ' 208 Factory pay-roll index 212 Prices, wholesale, index of 214 Circulation, money. (See Currency; Federal reserve notes; Money.) Classification according to capital stock, State bank members 256-258 Classification of demand and time deposits on call dates 95 Classification of loans and investments of member banks on call dates. _ 98, 170 Clayton Antitrust Act, administration of 22 Coal, index of production 207 Coin: Circulation 70 Held by Federal reserve banks 42, 44 Received and counted— At Federal reserve banks 15, 55, 149 At Federal reserve branch banks 17, 150 Collateral held by Federal reserve agents as security for Federal reserve notes 60 Collateral notes held by Federal reserve banks 49, 136 Collection of checks. (See Check clearing and collection.) Commercial paper: Held by Federal reserve banks 49, 136 Money rates in New York City 5, 79, 80 Outstanding 122 Purchased by member banks 98, 170 Commodity prices, wholesale, index of 214 Condition of banks: All banks in the United States— Deposits, exclusive of interbank deposits 88, 161 Investments— By Federal reserve districts 1(30 By States 164 Loans and investments 87, 158-160, 162-164 By Federal reserve districts 158-160 By States 162-164 Country banks 90 Federal reserve banks— At end of each month- _ 44 Bills bought, holdings of 10, 15, 27-39, 41-47, 137-148 By classes . 49 By maturities 50 Bills discounted, holdings of 10, 15, 27-39, 41-47, 137-148 By classes 49, 136 By months 135 By maturities 50, 136 By weeks 41 Deposits, reserves, note circulation, and reserve percentages 40 Each bank 46, 47, 137-148 In detail 42 United States securities, holdings of__ 27-39, 41-47, 51, 52, 53, 137-148 By classes 51 In system investment account 52, 53 Temporary 1-day certificates of indebtedness 52, 53, 54 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX 299 Condition of banks—Continued. Member banks— All banks— Page By Federal reserve districts 168 Combined 96 National and State banks 89 Reserve city and country banks 90 Bankers' balances 96, 118, 168, 190 By Federal reserve districts 190 In New York City and other leading cities 118 Borrowings at Federal reserve banks— All banks— By Federal reserve districts 167 By months 91, 100 By States 179 Reporting banks— By Federal reserve districts 189 By months. 110 By weeks 113 In New York City 115 Outside New York City 117 Deposits, time and demand— All banks 91, 95, 96, 165, 168 By months 165 On call dates 95, 96, 168 Classification of 95 Reporting banks— By Federal reserve districts 186, 187 By months 110 By weeks 113 In New York City 115 Net demand, by weeks 186 Outside New York City 117 Time, by weeks 187 Deposits subject to reserves, reserves required, reserves held, and borrowings at Federal reserve banks: All banks 91 Banks in New York City, Chicago, and other reserve cities 101-109 Excess reserves 6, 91, 101 Investments— All banks 168, 178 By States 178 Reporting banks 112, 114, 116, 185 By weeks 185 Loans and investments— All banks 4, 96, 98, 168, 170, 174-178 By States 174-178 Chart showing 5 Classification, on call dates 98, 170 Reporting banks 110, 112, 114, 116, 181 Total, by weeks 181 Loans, all other, by weeks 184 Loans, investments, deposits, reserves, and borrowings at Federal reserve banks 110 Loans on securities 183 Loans, open-market 177 Loans to customers 176 Loans, total, by weeks 182 Reserve balances. 27-37, 40-47, 96, 100, 111, 113-117, 137-148, 166, 188 All banks 96, 100, 166 By Federal reserve districts «. 166 By months. 100, 166 On call dates •_ 96 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
300 INDEX Condition of banks—Continued. Member banks—Continued. Reserve balances—Continued. Page Reporting banks 111, 113-117, 188 By Federal reserve districts 188 By months 111 By weeks _ 113,188 In New York City 115 Outside New York City 117 National banks ... 89 Reserve city banks 90 State bank members 89 Consolidations, bank 20, 128 Copper, index of production 207 Cost of Federal reserve bank premises 58 Counties in Federal reserve districts 286-291 Counties in Federal reserve branch territories 292-293 Consolidations, bank „ 20, 128 Country bank members: Condition of 90 Deposits, reserves required, reserves held, and borrowings at Federal reserve banks 91 Holdings of eligible assets 94 Loans and investments, classification of, on call dates 98- Credit: "Federal reserve bank. (See Federal reserve bank credit.) Member bank 85 Credit agreements. Federal reserve banks with foreign central banks 12 Credit conditions abroad: Comments of Federal advisory council on _ 22 Discussion of 2 Credit policy of the Federal reserve banks 6 Currency: Amounts received and counted— At Federal reserve banks 15, 55, 149 At Federal reserve branch banks 17, 150 Circulation 2, 27-37, 40, 41, 69, 70 By months 69 By kinds 71 Chart showing 3 Discussion of 2 Federal reserve, cost of 15, 157, 226 Debits to individual account 124 Deferred availability items of Federal reserve banks 43, 44-47 Deficient reserve penalties imposed by Federal reserve banks 59, 156 Demand deposits. (See Deposits.) Department-store sales, index of 201 Deposits: All banks in the United States, exclusive of interbank deposits 88, 161 Banks suspended— By years 125 By months 126 By Federal reserve districts 191 By States 192 Federal reserve banks 40, 41, 43, 44-47, 137-148 All banks combined 41 By months 40 By weeks 41 Each bank 46, 137-148 Foreign bank 40, 43, 44, 46 Government— Held by Federal reserve banks 40, 43-47 Held by member banks 96, 113, 115, 117, 168 By weeks 113 In New York City 115 On call dates 96, 168 Outside New York City ... 117 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX 301 Deposits—Continued. Member banks, time and demand—• Paee All banks 91, 95, 96, 165, 168 By months 165 On call dates 95, 96, 168 Classification of 95 Reporting banks— By Federal reserve districts 186, 187 By months 110 By weeks 113 In New York City 115 Net demand, by weeks 186 Outside New York City 117 Time, by weeks 187 Net demand, reporting member banks 186 Net demand and time— All banks 165 Banks in New York City, Chicago, and other reserve cities 101 State bank members 241-257 7 Time, reporting member banks.__ 187 Deputy chairmen of board of directors of Federal reserve banks, list of _ _ 230-237 Directors of Federal reserve banks: List of 230-237 Meetings, expenses of 156 Discount and open-market operations of Federal reserve banks: Acceptances. (See Acceptances.) Bills bought 10, 15, 27-39, 41-47, 137-148 Earnings on 14, 59, 156 Rates of 14, 78 Holdings— By classes 49 By maturities 50 Outright 41, 42, 44, 137-148 Under resale agreement 41, 42, 44, 137-148 Volume of— Federal reserve banks 15, 55, 149 Federal reserve branch banks 150 Bills discounted 27-39, 41-47, 137-148 Earnings on 14, 59, 156 Rates of 14, 78 Holdings— By classes 49, 136 By maturities 50, 136 By months _ _ __ 135 Outright II I 42,44 Under resale agreement 42, 44 Volume of— Federal reserve banks 15, 55, 149 Federal reserve branch banks 150 Collateral notes of member banks discounted and held 49, 136 Commercial and agricultural paper discounted 49, 136 Dollar exchange bills discounted or purchased 49 Maturity of bills purchased or held 50, 136 Number of member banks discounting paper— By Federal reserve districts 167 By months 48 By States 180 Number of pieces handled 15, 55, 149 Rates charged and rates of earnings on bills discounted 14, 78 Recommendations of Federal advisory council relative to 220 United States securities— Earnings and rates of earnings 14, 59, 78, 156 Paper secured by, purchased and held 42, 49, 136 Purchased and held 8, 27-39, 41-47, 51, 52, 53, 54, 137-148 Volume of operations 15, 55, 149, 150 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
302 INDEX Discount and open-market rates: Average rates earned by Federal reserve banks on— Page Acceptances 14, 78 Bills discounted 14, 78 Bills bought 14, 78 United States securities 14, 78 Buying rates on acceptances 6, 7, 76 Central banks in foreign countries— Changes in 83 Open-market rates, by months 84 Changes in Federal reserve bank rates 6, 7, 73 Recommendations of Federal advisory council relative to 220 Open-market rates in New York City— By months 79 By weeks 80 Rates charged customers— In New York City 81 In principal cities 82 Discounts. (See Discount and open-market operations.) Districts, Federal reserve. (See Federal reserve districts.) Dividends: Federal reserve banks 14, 16, 59, 154, 157 Member banks 131, 193 National banks 194 State bank members 195 Dollar exchange bills: Held by Federal reserve banks 49 Outstanding 122 Drafts, demand and sight, held by Federal reserve banks 49, 136 Due from foreign banks to Federal reserve banks 38, 42, 44, 46 Due to and from banks (bankers' balances) 96, 118, 168, 190 By Federal reserve districts 190 In New York City and other leading cities 118 On call dates 96, 168 Earmarked gold for foreign account 64, 67 Earning assets of member banks 129, 130 Earnings and expenses: Federal reserve banks 13-16, 59, 154, 156 Each bank during year 1931 156 Earnings, by sources 59 Rates of earnings 14, 78 Years 1914-1931 59, 154 Each bank 154 Member banks 129, 130, 131, 193 National banks 194 State bank members 195 Eddy, Walter L., secretary of Federal Reserve Board, resignation of 23 Eligible assets (Government securities and eligible paper) held by member banks compared with borrowings at Federal reserve banks 94 Eligible paper held by Federal reserve agents as security for Federal reserve notes 60 Employees: Federal reserve banks, number and salaries 15, 238-240 Federal Reserve Board, salaries 225 Employment, factory, index of 201, 208 England: Discount rates of Bank of 83 Open-market money rates 84 Examination of Federal reserve banks, number of 18 Examiners, national banks, number and salaries 228 Excess reserves of member banks 6, 91, 101 Chart showing 8 Executor, list of national banks authorized to act as 259 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX 303 Expenses: Page Branches and agencies of Federal reserve banks 17 Federal reserve banks 13-16, 59, 154, 156 Fiscal agency departments of Federal reserve banks 157 Federal Reserve Board 23, 226, 227 Member banks 193 National banks 194 State bank members 195 Exports and imports: Acceptances based on— Outstanding 122 Purchased and held by Federal reserve banks 49 Gold— By countries 67 By months 68 Discussion of 1, 10 Expressage, cost of, at Federal reserve banks 156 Factory employment and pay rolls 201, 208, 212 Failures, bank: By Federal reserve districts 191 By months 126 By size of city or town 127 By States __. 192 By years 125 Comments on, by Federal advisory council 219 Discussion of 1, 18 Number, classified according to capital stock 127 Farm products, prices of, index of 214 Farm land, loans on, by member banks 98, 170 Federal advisory council: Meetings of 22 Expenses of 156 Members of 219 Recommendations of, to Federal Reserve Board 219-221 Assistance to European central banks 221 Bank failures and bank examinations 219 Domestic credit situation 221 Eligibility of securities 221 Open-market operations 220 Proposed amendments to national bank act and Federal reserve act— Branch banking 220 Group and chain banking 220 Circulation of false reports 221 Examination of security or investment companies affiliated with national banks 221 Fiduciary powers of a national banking association 221 Liquidation of national banks 221 Rediscount rates 220 Federal intermediate credit banks: Bills discounted for 49 Borrowings from Federal reserve banks 49, 100, 179 Debentures purchased by Federal reserve banks 42 Federal land bank bonds purchased by Federal reserve banks 42 Federal reserve act, proposed amendments to, recommendations of Federal advisory council relative to 220 Federal reserve agents: Conferences of, expenses of 156 Federal reserve note accounts 60 Gold fund, summary of transactions 56, 151 Gold held by 42, 44 List of _ 230-237 Salaries of _ ------ 238-240 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
304 INDEX Federal reserve bank credit: Page Chart showing 3 Discussion of 1-3, 6, 8 Factors of increase or decrease in— Annual averages 27 By weeks (Wednesday series) 32-36 Chart showing 3 End of month series 37 Monthly averages 28-30 Weekly averages 31 Outstanding 38 (See also Federal reserve banks.) Federal reserve bank float 38, 44 Federal reserve bank notes: Circulation . 70 Held by Federal reserve banks 42 Federal reserve banks: Acceptances purchased or discounted by. (See Acceptances.) Agreements with foreign central banks to purchase prime commercial bills ~. 12 Bank premises 16, 43, 44-47, 58, 157 Branches and agencies of— Bank premises— Cost of 58 Date occupied 58 Book value 58 Building for Pittsburgh branch 16 Clearing operations 17, 150 Counties comprising territory 292-293 Directors of 230-237 Expenses of 17 Managers of 230-237 Number of 16 Territory 292-293 Volume of operations 17, 150 Building operations 16, 58 Capital 16, 43, 44-47 Chairmen of board of directors, list of 230-237 Clearing operations 16, 55, 149 Condition of. (See Condition of banks.) Deposits. (See Deposits.) Directors, list of 230-237 Discount rates. (See Discount and open-market rates.) Discounts. (See Discount and open-market operations.) Dividends paid 14, 16, 59, 154, 157 Earnings and expenses 13-16, 59, 78, 154, 156 Each bank during year 1931 156 Earnings, by sources 59 Rates of earnings 14, 78 Years 1914-1931 . 59, 154 Each bank 154 Employees, number and salaries 238-240 Examinations, number of • 18 Federal reserve notes. (See Federal reserve notes.) Fiscal agency operations 157 Franchise tax paid to Government 14, 59, 154, 157 Gold, held by 42, 44, 46 Gold redemption fund 42, 44, 46 Gold reserves 42, 44, 46 Gold settlement fund 42, 44, 56, 151 Government deposits held by 40, 43-47 Governors— Conferences of 22 Expenses of 156 List of 230-237 Salaries of 238-240 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX 305 Federal reserve banks—Continued. Pago Number of member banks discounting paper at 48, 167, 180 Officers and directors, list of 230, 237 Officers, salaries of 238-240 Profit and loss account 154, 157 Reserve percentages 40 Reserves 40, 41-47, 137-148 Resources and liabilities— All banks combined 41 At the end of each month 44 Each bank 46, 137-148 Weekly statement and balance sheet items 42 Salaries, officers and employees 238-240 Surplus, accounts 15, 59, 154, 157 Tax, franchise, paid to Government 14, 59, 154, 157 United States Government securities— Bills discounted secured by, holdings of 42, 49, 136 Bonds bought by I 42, 51 Ceitificates of indebtedness, holdings of 42, 51, 52, 53, 54 Temporary 1-day certificates 52, 53, 54 Earnings and rates of earnings on purchases 14, 59, 78, 156 Holdings of 8, 10, 27-39, 41-47, 51, 52, 53, 137-148 By classes 51 Bought outright 41,42, 51, 137-148 Bought under resale agreement 41, 42, 51, 137-148 Chart showing 9 In system investment account 52, 53 Temporary 1-day certificates 52, 53, 54 Issues, redemptions, and exchanges, handled by fiscal agency departments 1 15, 55, 149, 150 Liberty bonds, holdings of 42, 51 Paper secured by, holdings of 42, 49, 136 Rates of earnings on purchases 14, 78 Treasury bills, holdings of 42, 51 Treasury bonds, holdings of 42, 51 Treasury notes, holdings of 42, 51 Volume'handled 15,55, 149, 150 Volume of operations 15, 55, 149 All banks 15, 55 Each bank 149 Branches 17, 150 Federal Reserve Board: Assessment for expenses of *. 23, 156, 226 Clayton Act, administration cf 22 Conferences with advisory council and governors 22 Directory 225 Eddy, Walter L., secretary, resignation of 23 Employees, number and salaries 225 Expenses of 23, 226-227 Harrison, Floyd R., appointed assistant to governor 23 James, George R., reappointed member 22 Magee, Wayland W., appointed member 22 Members of , 225 Morrill, Chester, appointed secretary 23 Receipts and disbursements 226-227 Regulations of. (See Regulations of Federal Reserve Board.) Salaries of officers and employees 225 Federal reserve branch banks: Bank premises— Cost of 58 Date occupied-, 58 Book value 58 Building for Pittsburgh branch 16 Clearing operations 17, 150 Counties comprising territory 292-293 Directors of 230-237 Expenses of 17 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
306 INDEX Federal reserve branch banks—Continued. "Page Managers of 230-237 Number of 16 Territory 292-293 Volume of operations 17, 150 Federal reserve districts: Area, square miles 286-291 Counties comprising branch territories 292-293 Counties in divided States 286-292 Map showing outline 294 Population 286-292 Federal reserve interdistrict collection system. (See Check clearing and collection.) Federal reserve notes: Circulation 40-47, 70, 137-148 By months 40 Each Federal reserve bank 137-148 Cost of 15, 157, 226 Eligible paper held as collateral against 60 Federal reserve agents' accounts 60 Gold and gold certificates held as collateral against 42, 44, 46, 60 Held by Federal reserve agents 42, 44, 60 Held by Federal reserve banks 42, 44, 46, 60 Fiduciary powers of national banks: List of national banks authorized to exercise 259, 282 Number of permits issued 21 Recommendations of Federal advisory council relative to 221 Fiscal agency operations of Federal reserve banks. 157 Float, reserve bank 38, 44 Food products: Production index 206 Factory employment index 208 Factory pay-roll index. 212 Food prices, wholesale, index of 214 Foreign bank deposits held by Federal reserve banks 40, 43, 44, 46 Foreign banking, corporations authorized to engage in, examination of 18 Foreign banks: Deposits of, held by Federal reserve banks 40, 43, 44, 46 Due to Federal reserve banks from 38, 42, 44, 46 Foreign capital issues 199 Foreign central banks: Agreements with Federal reserve banks to purchase prime commercial bills 12 Assistance tcf, recommendations of Federal advisory council regarding- 221 Money rates— Changes in 83 Open-market rates 84 Foreign loans on gold 38 Foreign securities held by member banks 98, 170 France: Discount rates of Bank of 83 Open-market money rates 84 Franchise tax paid by Federal reserve banks to Government 14, 59, 154, 157 Freight-car loadings, index of 201 Fuel, index of wholesale prices 214 ; Germany: Discount rates of Reichsbank 83 Open-market money rates 84 Gold: Circulation 70 Earmarked by Federal reserve banks for foreign account 64, 67 Federal reserve agents' gold fund 56, 151 Foreign loans on, held by Federal reserve banks 38 Held as collateral against Federal reserve notes 42, 44, 46, 60 Held by Federal reserve agents 42, 44, 60 Held by Federal reserve banks 42, 44, 46 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX 307 Gold—Continued. Page Imports and exports 1, 10, 46, 67, 68 By countries 67 By months 68 Discussion of 1, 10 International gold movements 10 Production . 64 Reserves of Federal reserve banks 10, 42, 44, 46 Stock, monetary, in United States 3, 10, 27-37, 63 Chart showing 3 Years 1914-1931 63, 64 Gold redemption fund 42, 44, 60 Gold settlement fund 42, 44, 56, 151 Summary of transactions 56, 151 Gold standard, suspension in England 2, 10 Government bonds. (See United States Government securities.) Government deposits: Held by Federal reserve banks 40, 43-47 Held by member banks 96, 113, 168 By weeks 113 In New York City 115 On call dates 96, 168 Outside New York City 117 Government securities. (See United States Government securities.) Governors of Federal reserve banks: Conferences of 22 Expenses of 156 List of 230-237 Salaries of 238-240 Great Britain. (See England.) Guardian of estates, list of national banks authorized to act as 259 Harrison, Floyd R., appointed assistant to governor of Federal Reserve Board 23 Housefurnishing goods, wholesale prices, index of 214 Imports and exports: Bankers' acceptances based on—• Held by Federal reserve banks 49 Outstanding 122 Gold— By countries 67 By months 68 Discussion of 1, 10 Index numbers: Factory employment 208 Factory pay rolls 212 Manufactures 206 Minerals 207 Production, employment, and trade 201 Security prices 200 Insurance, Federal reserve banks 156 Investments: All banks in United States 87, 158, 160, 162, 164 By Federal reserve districts 160 By States 164 Member banks 96, 114, 116, 168, 178, 185 All banks 96, 168, 178 By States 178 Reporting banks 1 110, 112, 114, 116, 185 By weeks 185 In New York City 114 Outside New York City 116 Investments and loans: All banks in the United States 87, 158-160, 162-164 By Federal reserve districts 158-160 By States 162-164 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
308 INDEX Investments and loans—Continued. Member banks— Page All banks 4, 96, 98, 168, 170, 174-178 By States 174-178 Classification, on call dates 98, 170 On call dates 168 Reporting banks 110, 112, 114, 116, 181-185 By months 110 By weeks 112, 181 In New York City 114 Outside New York City 116 State bank members 241-257 Iron and steel: Production index 206 Factory employment index 208 Factory pay-roll index 212 Iron-ore shipments 207 Italy: Discount rates of Bank of 83 Open-market money rates 84 James, George R. reappointed as member of Federal Reserve Board 22 ; Japan: Discount rates of Bank of 83 Open-market money rates 84 Land area of Federal reserve districts 286-291 Lead production, index of 207 Leased-wire system, cost of 226 Leather: Factory employment index 208 Factory pay-roll index _ 212 Production index 206 Products, wholesale prices, index of 214 Legal fees, Federal reserve banks 156 Liberty loan bonds: Average yield on 79 Held by Federal reserve banks 42, 51 Livestock paper, discount rates 73 Loans: All banks in the United States 87, 159, 163 By Federal reserve districts 159 By States 163 "All other," of reporting member banks 184 Member banks— All banks 96, 168, 175, 176, 177 By Federal reserve districts 168 By States 175 Classification of 98, 170 Open-market 177 To customers 176 Reporting banks 110, 112, 114, 116, 182, 183, 184 All other loans 184 In New York City 114 On securities 183 Outside New York City 116 Total 182 On securities, made by reporting member banks 183 Open-market, by member banks 177 Secured by stocks and bonds— Made by member banks on call dates 98, 170 Money rates in New York City 81 To brokers— As reported by New York Stock Exchange 120 By member banks 98, 119, 120, 121, 170 In New York Cicy— By weeks 119 On call dates 121 Ouiside New York City 121 To customers, by member banks 176 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX 309 Loans and investments: Page All banks in the United States 4, 87, 158-160, 162-164 By Federal reserve districts 158-160 By States 162-164 Member banks— All banks 4, 96, 98, 168, 170, 174-178 By States 174-178 Chart showing 5 Classification, on call dates 98, 170 On call dates 168 Reporting banks 110, 112, 114, 116, 181-185 By months 110 By weeks 112, 181 In New York City 114 Outside New York City 116 State bank members 241-257 Losses, reserve for, at Federal reserve banks 157 Lumber: Factory employment index 208 Factory pay-roll index 212 Production index 206 Machinery: Factory employment index 208 Factory pay-roll index 212 Magee, Wayland W., appointed member of Federal Reserve Board 22 Managers of branches of Federal reserve banks, list of 230-237 Manufactures, index of production 201, 206 Map outlining Federal reserve districts 294 Maturities, bills discounted and bought by Federal reserve banks 50, 136 Member and nonmember bank credit * 4, 85 Member banks: Acceptances held 98, 123, 170 Bank suspensions— By Federal reserve districts 191 By months 126 By years 125 Number, classified according to capital stock 127 Bankers' balances 96, 118, 168, 190 Borrowings at Federal reserve banks— All banks— By Federal reserve districts 167 By months 91, 100 By States 179 Compared with eligible assets held 94 Reporting member banks— By Federal reserve districts 189 By months 110 By weeks 113 In New York City 115 Outside New York City 117 Brokers' loans 98, 119, 120, 121, 170 Capital 89, 90, 96, 168 Changes in membership 17, 128 Condition of. {See Condition of banks.) Consolidations 20, 128 Deposits— Government 96, 113, 115, 117, 168 Net demand 186 Net demand and time 165 Time and demand— All banks 91, 95, 96, 165, 168 Classification on call dates 95 Reporting banks 110, 113, 186, 187 Deposits subject to reserve, reserves required, reserves held, and borrowings at Federal reserve banks: All banks 91 Banks in New York City, Chicago, and other reserve cities-- 101-109 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
310 INDEX Member banks—Continued. Page Dividends declared 131, 193-195 Dividends paid to, by Federal reserve banks 14, 16, 59, 154, 157 Earnings, expenses, and dividends 129-131, 193-195 National banks 194 State banks 195 Eligible assets (Government securities and eligible paper) held, compared with borrowings at Federal reserve banks 94 Excess reserves 7, 91, 101 Chart showing 8 Failures 1, 18, 125, 126, 127, 191, 192 Investments—• All banks 96, 168, 178 Reporting banks 110, 112, 114, 116, 185 List of, with loans, investments, deposits, capital, and surplus 241-257 Loans—• All banks 96, 168, 175, 176, 177 Classification of 98, 170 Reporting banks 110, 112, 114, 116, 182, 183, 184 All other loans 184 On securities 183 Total 182 Loans and investments— All banks 4, 96, 98, 168, 170, 174-178 By States 174-178 Chart showing 5 Classification, on call dates 98, 170 On call dates 168 Reporting banks 110, 112-117, 181-185 By months 110 By weeks 112, 181 In New York City 114 Outside New York City 116 Loans, investments, deposits, reserves, and borrowings at Federal reserve banks 110 Loans on securities 183 Loans to brokers 98, 119, 120, 121, 170 Loans to customers 176 Loans, open-market 177 Mergers 20 National banks— Additions and withdrawals from system 17, 128 Condition of 89 Earnings, expenses, and dividends 129, 130, 131, 194 Examiners, number and salaries 228 Mergers 20, 128 Number 18, 128 Suspensions 18, 125, 126, 127, 191 Trust powers— List of banks authorized to exercise 259-282 Number of permits issued 21 Number of 96, 168 Number of, discounting paper at Federal reserve banks 48, 167, 180 Number of, on par list 21, 57, 152, 153 Reserve balances. 3, 4, 27-37, 40-47, 96, 100, 111, 113-117, 137-148, 166, 188 All banks 96, 100, 166 By months 100, 166 Chart showing 8 On call dates 96 Reporting banks 111, 112-124, 188 By Federal reserve districts 188 By months 111 By weeks 113, 188 In New York City 101, 115 Outside New York City „ 117 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX 311 Member banks—Continued. Page Reserves required, reserves held, deposits subject to reserve, and borrowings at Federal reserve banks: All banks 91 Banks in New York City, Chicago, and other reserve cities 101-109 State banks— Capital 241 Changes in membership 17, 128 Classification according to capital stock 256-258 Condition of 89 Earnings, expenses, and dividends 129, 130, 131, 195 List of, with loans, investments, deposits, capital, and surplus. _ 241-257 Mergers 20, 128 Number of 18, 128, 241 Suspensions 125, 126, 127, 191 Withdrawals from system 17, 128 Membership in Federal reserve system: Changes in '_ 16, 128 State banks and trust companies, list of 241-257 Membership in par collection system 21, 57, 152, 153 Mergers, bank 20, 128 Metals, wholesale price index of 224 Mineral production, index of 207 . Monetary gold stock of United States 3, 10, 27-37, 63 Years 1914-1930 63 Money in circulation 2, 27-37, 69, 70 By kinds 70 By months 69 Chart showing 3 Money rates: In foreign countries 83, 84 In New York City 5, 81 In principal cities 82 Moratorium on intergovernmental debts and reparation payments 1,2 Morrill, Chester, appointed secretary of Federal Reserve Board 23 Municipal warrants purchased by Federal reserve banks 42 National bank notes: Circulation 70 Held by Federal reserve banks 42 National banks: Additions and withdrawals from system 17, 128 Circulating false reports concerning, comments by Federal advisory council 221 Condition of 89 Earnings, expenses, and dividends 129, 130, 131, 194 Examination of companies affiliated with, recommendations of Federal advisory council 221 Examiners, number and salaries 228 Mergers 20 Number 18, 128 Suspensions— By Federal reserve districts 191 By months 126 By years.. _ , 125 Number, classified according to capital stock 127 Trust powers— List of banks authorized to exercise 259-282 Number of permits issued 21 Recommendations of Federal advisory council regarding 221 Netherlands: Discount rates of Bank of 83 Open-market money rates 84 New York Stock Exchange, brokers' borrowings as reported by 120 Nonferrous metals: Production index 206 Factory employment index 208 Factory pay-roll index 212 125554—32 21 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
312 INDEX Nonmember banks: Bank suspensions— page By Federal reserve districts 191 By months 126 By years , 125 Number, classified according to capital stock 127 Deposits, exclusive of interbank deposits 88, 161 Loans and investments 87, 158-160 Chart showing 5 Mergers 20, 128 Number on par list 21, 57, 152, 153 Suspensions 18, 125, 126, 127 Number of member banks discounting paper at Federal reserve banks 48, 167, 180 By Federal reserve districts 167 By States 180 Officers and directors of Federal reserve banks, list of 230-237 Officers and employees: Federal reserve banks, number and salaries 15, 238-240 Federal Reserve Board, salaries 225 One hundred per cent of capital and surplus, list of banks authorized to accept bills up to 283-285 Open-market loans by member banks 177 Open-market operations of Federal reserve banks. (See Discount and open-market operations.) Open-market rates. (See Discount and open-market rates.) Paper and printing: Production index 206 Factory employment index 208 Factory pay-roll index 212 Par collections. (See Check clearing and collections.) Par list, number of banks on 21, 57, 152, 153 Pay rolls, factory, index of 201, 212 Penalties for deficient reserves imposed by Federal reserve banks 59, 156 Petroleum refining: Production index 206 Factory employment index 208 Factory pay-roll index 212 Population of Federal reserve districts 286-291 Postage, Federal reserve banks, cost of 156 Premises, Federal reserve banks 16, 43, 44-47, 58, 157 Book value 58 Cost of 58 Date occupied 58 Depreciation charges 157 Prices: Security 200 Wholesale commodity, index of 214 Printing and stationery, Federal reserve banks, cost of 156 Production, index of 201 Profit and loss account of Federal reserve banks 59, 154 Public-utility stocks, prices of, index of 200 Railroad car loadings, index of 201 Railroad stocks, prices of, index of 200 Rates, discount and open-market. (See Discount rates.) Real estate, loans secured by, made by member banks 98, 170 Receipts and disbursements of the Federal Reserve Board 226-227 Receiver, list of national banks authorized to apt as . 259 Recommendations of Federal advisory council. (See Federal advisory council.) Reconstruction Financ e Corporation, establishment of 2 Registrar of stocks and bonds, list of national banks authorized to act as 259 Regulation G of the Federal Reserve Board, amendment to 22, 222 Rent paid by Federal reserve banks 156 Reporting member banks. (See Member banks.) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX 313 Page Reserve balances of member banks 3,4, 27-37, 40-47, 96, 100, 111, 113-117, 137-148, 166, 188 All banks 96, 100, 166 By months 100, 166 On call dates 96 Reporting banks 111, 112-124, 188 By Federal reserve districts 188 By months 111 By weeks 113, 188 In New York City 115 Outside New York City 117 Reserve bank float 1 38, 44 Reserve city member banks: Condition of 90 Deposits, reserves required, reserves held, and borrowings at Federal reserve banks 91, 107 Holdings of eligible assets 94 Loans and investments, classification of, on call dates 98 Reserve percentages of Federal reserve banks 40 Reserves: Deficiencies in, penalties for 59, 156 Excess, of member banks 7, 91, 101 Chart showing 8 Federal reserve banks 10, 40, 41, 42, 44, 46, 137-148 Cash, each bank 137-148 Gold 10,42,44,46 Member banks 40, 41, 43, 44, 89, 90, 91, 96, 100, 111, 113, 115, 117, 166, 168, 188 All banks 89, 90, 91, 96, 100, 166, 168 Deposits subject to reserves, reserves required, reserves held, and borrowings at Federal reserve banks: All banks 91 Banks in New York City, Chicago, and other reserve cities 101-109 Reporting banks 111, 113, 115, 117, 188 Resources and liabilities: Federal reserve banks— At end of each month 44 Combined statement 41 Each bank 46, 137-148 Weekly statement and balance sheet items 42 Member banks—• By Federal reserve districts 168 Country banks 90 National and State banks 89 On call dates 96 Reserve city and country banks 90 Reporting banks— By weeks 112-113 In New York City 114-115 Outside New York City 116-117 National banks 89 Reserve city bank members 90 State bank members 89 Rubber products: Production index 206 Factory employment index 208 Factory pay-roll index 212 Salaries: Federal reserve banks 156, 238-240 Federal Reserve Board 225 National bank examiners 228-229 Securities: Held by Federal reserve banks 27-38 Held by member banks 98, 170 Loans on, by member banks 98, 170, 183 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
314 INDEX Securities—Continued. United States Government— Page Average yield on 79, 80 Bills discounted, secured by, held by Federal reserve banks. 42, 49, 136 Bonds bought by Federal reserve banks 42, 51 Certificates of indebtedness— Held by Federal reserve banks 42, 51, 52, 53, 54 Temporary 1-day certificates 52, 53, 54 Yield on 1 79,80 Earnings and rates of earnings on purchases by Federal reserve banks ___.. 14, 59, 78, 156 Held by Federal reserve banks.. 8, 10, 27-39, 41-47, 51, 52, 53, 137-148 By classes 51 Bought outright 41,42,51, 137-148 Bought under resale agreement 41, 42, 51, 137-148 Chart showing 9 In system investment account 52, 53 Temporary 1-day certificates 52, 53, 54 Held by member banks 94, 96, 98, 168, 170 Issues, redemptions, and exchanges handled by fiscal agency departments 15, 55, 149, 150 Liberty bonds— Held by Federal reserve banks 42, 51 Yield on 79 Paper secured by, held by Federal reserve banks 42, 49, 136 Rates of earnings on purchases by Federal reserve banks 14, 78 Treasury bills held by Federal reserve banks 42, 51 Treasury bonds— Held by Federal reserve banks 42, 51 Yield on 79, 80 Treasury notes— Held by Federal reserve banks 42, 51 Yield on 79, 80 Volume handled b\ Federal reserve banks 15, 55, 149, 150 Securit}^ prices 200 Silver: Circulation 70 Held by Federal reserve banks 42 Production index 207 State bank members: Capital 113,241 Changes in membership 17, 128 Classification according to capital stock 256-258 Condition of 89 Earnings, expenses, and dividends 129, 130, 131, 195 List of, with loans, investments, deposits, capital, and surplus 241-257 Mergers 20 Number of 18, 128,241 Suspensions— By Federal reserve districts 191 By months 126 By years 125 Number, classified according to capital stock 127 Stocks and bonds, loans secured by: Made by member banks— In New York City 119, 121 Outside New York City 121 On call dates I 98, 170 Money rates in New York City 81 Stocks, common and preferred, prices of, index of 200 Surplus: Federal reserve banks 15, 43, 45, 46, 47, 59, 154, 157 Member banks 89, 90, 96, 168 State bank members 241-255 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INDEX 315 Suspensions, bank: By Federal reserve districts 191 By months 126 By size of city or town 127 By States 192 By years 125 Comments on, by Federal advisory council 219 Discussion of 1, 18 Number, classified according to capital stock 127 Sweden, Bank of, discount rates 83 Switzerland: Discount rates of Bank of 83 Open-market money rates 84 Tax, franchise, paid by Federal reserve banks to Government 14, 59, 154, 157 Tax on premises, Federal reserve banks 156 Telegraph, leased-wire system, cost of 226 Telephone and telegraph expenses: Federal reserve banks 156 Federal Reserve Board 226 Textiles: Factory employment index 208 Factory pay-roll index 212 Prices, wholesale 214 Production index 206 Time and demand deposits. {See Deposits.) Tobacco manufactures: Factory employment index 208 Factory pay-roll index 212 Production index 206 Trade acceptances held by Federal reserve banks 49, 136 Trade, wholesale, index of 201 Traveling expenses, Federal reserve banks 156 Treasury bills held by Federal reserve banks 42, 51 Treasury bonds: Held by Federal reserve banks 42, 51 Yield on 79, 80 Treasury certificates of indebtedness: Held by Federal reserve banks 42, 51, 52, 53, 54 Temporary 1-day certificates 52, 53, 54 Yield on 1 79, 80 Treasury notes: Circulation 70 Held by Federal reserve banks 42, 51 Yield on 79, 80 Trust companies. {See State banks.) Trust powers of national banks: List of banks authorized to exercise 259-282 Number of permits issued 21 United States Government deposits: Held by Federal reserve banks 40, 43-47 Held by member banks— By weeks 113 In New York City 115 On call dates 96, 168 Outside New York City 117 United States Government securities: Average yield on 79, 80 Bills discounted secured by, held by Federal reserve banks 42, 49, 136 Bonds bought by Federal reserve banks 42, 51 Certificates of indebtedness— Held by Federal reserve banks 42, 51, 52, 53, 54 Temporary 1-day certificates 52, 53, 54 Yield on 79, 80 Earnings and rates of earnings on purchases by Federal reserve banks 14, 59, 78, 156 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
316 INDEX United States Government securities—Continued. Page- Held by Federal reserve banks 8, 10, 27-39, 41-47, 51, 52, 53, 137-148 By classes 51 Bought outright 41, 42, 51, 137-148 Bought under resale agreement 41, 42, 51, 137-148 Chart showing 9 In system investment account 52, 53 Temporary 1-day certificates 52, 53, 54 Held by member banks 94, 96, 98, 168, 170 Issues, redemptions, and exchanges handled by fiscal agency department of banks 15, 55, 149, 15Q Liberty bonds— Held by Federal reserve banks 42, 51 Yield on 79 Paper secured by, held by Federal reserve banks 42, 49, 136 Rates of earnings on purchases by Federal reserve banks 14, 78 Treasury bills held by Federal reserve banks 42, 51 Treasury bonds— Held by Federal reserve banks 42, 51 Yield on 79, 80 Treasury notes— Held by Federal reserve banks 42, 51 Yield on 79,80 Volume handled by Federal reserve banks 15, 55, 149, 150 United States notes in circulation 70 Volume of operations of Federal reserve banks 15, 55, 149 All banks 15, 55 Each bank 149 Branches 17, 150 Warehouse receipts: Bankers' acceptances based on, outstanding 122 Loans secured by, money rates in New York City 81 Warrants, municipal, held by Federal reserve banks 42, Wholesale commodity prices, index of 214 Wholesale trade, index of 201 Withdrawals from Federal reserve system 17 Zinc, index of production 207 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Cite this document
Federal Reserve (1930, December 31). Annual Report of the Federal Reserve Board, 1931. Annual Reports, Federal Reserve. https://whenthefedspeaks.com/doc/annual_report_1931
@misc{wtfs_annual_report_1931,
author = {Federal Reserve},
title = {Annual Report of the Federal Reserve Board, 1931},
year = {1930},
month = {Dec},
howpublished = {Annual Reports, Federal Reserve},
url = {https://whenthefedspeaks.com/doc/annual_report_1931},
note = {Retrieved via When the Fed Speaks corpus}
}