1930

252

FEDEKAL KESE31VE BANKS

No. 353.—FEDERAL RESERVE BANKS; HOLDINGS OF DISCOUNTED BILLS, HT
STATES
NOTE.—Yearly average based on end of month figures
[All figures in thousands of dollars]
Division ami State

1929'

1927 >

1928 i

469, 853

895,900

871,283

58,158
ITew England
Maine
j 1,636
New Hampshire. . I 1,323
Vermont
- . ' 1, 074
30, 033
Massaelmset ts
1,130
Rhode Island
3,459
Connecticut
192, 323
Middle Atlantic
106,911
New York
24,334
NBW Jersoy
01,078
Pennsylvania
East North Central
74, 726
18, 034
Ohio
4,285
Indiana
23,201
Illinojs
21, 5i6
Michigan
7,000
Wisconsin
West North Central
j 31,065
Minnesota
| 2,256
a, 034
Iowa
--.
15,507
Missouri
915
I\Torl.h Dakota
<J74
South Dnkota
4,301
Nebraska
2,008
Kansas
33,631
South Atlantic
672
Dolaware
4,019
Maryland
748
Dist. ol Col

59,836
1,580
1,743
1,0-14
45,841
4,831
4,731

73, 660
2,416
2,516
1,407
53, COO
7,116
0, 599
372,350
217,021
36,963
117,7(36
180,778
52,308
12,820
63,180
40,245
10,165
75, 733
18,704
0,589
31,300
847
688
10, 920
(5,619
73,068
1,040
8,474
4,282

United States

405,817
258,354
39,438
107,525
167,440
30, 577
6,640
05,451
40,300
15,412
56, 336
8,849
4,567
30, 847
670

485
0,397
4,512
65,223
1,404
8,325
1,844

Division and State
South Atlantic— C ontd
Virginia.
"West Virginia
North Carolina
South Carolina
Georgia
-..
Florida
East South Central
Kentucky...
Tennessee...
Alabama
Alississippi.
West South Central
Arkansas..
Louisiana.
Oklahoma.
Texas

Mountain
Montana..
»
Idaho
Wyoming.
Colorado.New Mexico
Arizona
Utah
Nevada
Pacific
Washington
OregonCalifornia..

19B7 i

1988 »

7,614
2,827
5,546
2,814
5,353
3,438
17,674
5, L'03
4,096
5,40S
2,267

321
803
141
1,792
122
293
1,127

16,212
4,428
11,410
3,494
14, 518
3,588
35,524
13,300
6,013
12,055
4,156
88,862
3,647
18,220
2,878
14,107
5,061
174
319
95
2,959
141
174
1,189

18,Sl.r)
5,985
13,825
4, 023
11, .182
fl, 042
52,417
10, G7S
12, liO5
16, .r93
3 , <>40
54, 852
4,476
18,149
8,190
24,037
7,937
700
325
489
3,547
395
04
2, 351

40,222
1,859
1,928
36,435

62,321
3,031
2,027
50,003

70,488
5,426
3,684
01,378

28,468
1.048
13,890
1, 977
5,049

1929

i Figures given include borrowings by Federal intermediate credit banks as follows:
1929

1928

Minnesota
Missouri
Nebraska
Kansas
South Carolina..

20

17
003
2,095
104

810
2,086
262

1927

Louisiana
Texas
Washington.
California

1928

1929

125
9
008

542
10U
1, 043
1,524

301
159

Source: Federal Eeserve Board.

No. 254.—FEDERAL RESERVE BANKS: AVERAGE RATE OF DISCOUNT CHARGED
1916

TO 1921,

AND RATES IN EFFECT JANUAKT 1, 1922,

TO DECEMBEK

31

1929
NOTE.—In 1914 to 1921 different ratps were generally in effect for different classes of bills The rates for
each class are shown in Table 249, Statistical Abstract, 1S28, while in the table below the average rates
charged for the years 1916 to 1921 are given. Beginning 1922, the same rate applied to all classes of
paper with the few exceptions noted.
AVERAGE R A T E OF DISCOUNT CHARGED, 1916 TO 1921
1917

Federal reserve bank
AH banks.

Per cent
4.20

Boston
New York
Philadelphia..
Cleveland
Richmond
Atlanta
-Chicago
St. Louis
Minneapolis. .
Kansas C i t y . .
Dallas
San Francisco.
1

Average rate of earnings on discounted bills.

3.52
3. 69
3. 75
4.25
4.00
3.77
4.00
4.04
4.80
4.77
4.49
a 01

IMS

Per cent Per cent
3.01
4.26
3.66
3.12
3.73
3.94
3.91
3.99
3.85
3.85
4.22
4. 14
4.48
4. 53

4.17
4.00
4.09
4.21
4.38
4.00
4.24
4.27
4.72
4. SO
4.55
4. 54

1919

1920

1831

Per cent
4.2G

Per cent
0.02

Per cent
0.01

4.25
4.14
4.13
4.24
4.32
4.25
4.35
4. 20
4.54
4.74
4.40
4.50

0.03
5.97
5.44
5.00
5.78
5.97
6.32
5.98
6.40
G.05
B. 78
5.82

5.88
6.00
5.4i
5.72
5.91
0.05
6.29
5.90
0.3f>
6.14
6.01
,r>. 79

1931

FEDERAL EESEEVE BANKS

254

Ho. 343.—FEDERAL RESERVE BANKS; HOLDINGS OF DISCOUNTED BILLS, BY
STATES
NOTE.—Yearly average based on end of month figures
[All figures in thousands of dollars]
Division and
State

1937

19281

1039

1930

United States.—1489,853 895,900 971,283 274,566
52,168
Hew England
1,536
Maine.
New Hampshire J.,323
1,074
Vermont
Massachusetts.. 30,033
Rhode I s l a n d - 1,130
3,459
Connecticut
Middle Atlantic... 192,323
100, 011
New York
24,334
New Jersey
Pennsylvania- 01,078
East North Central
— 74,728
18,634
4,285
23,201
21, M0
7,000

Ohio
Indiana
Illinois.
Aiichigap.

Wisconsin
West North Cen31,055
tral
2,206
Minnesota
5,034
Iowa-Missouri
15,507
Mo
North Dakota-South Dakota..
«74
Nebraska
4,301
Kansas
2,008
South Atlantic
Delaware
Maryland
Dist. of Col
1

33,631
672

4,610

59,8S6 73,660 17,819
1,050
2,410
1,580
1,598
2,510
1,743
1,172
1,407
1,044
9,907
45,841 53,000
477
7,110
4,831
3,525
6,599
4,791
405,317 372,360 101,317
258,354 217, C2I 51,335
39,438 30,963 10,244
107,525 117, 760 34,738
167,440 190,778
39,577 52,308
0,040 12,820
05,451 63, ISO.
40,300 40,245
15,412 16,165

46,903
16,711
5,268
8,694
12,546
3,684

67U

75, 733
18,764
fi,5S9
31,300
847

4S5
0,397
4,512
65,223
1,404
8,325
1,844

10, 920
0,019
73, 088
1,040
8,474
4,282

17,771
1,144
2,752
5,203
745
051
3,400
3,486
28,094
714
2,042
526

56, 336
8,849
4,507
30,8-17

6S3

Division and
State
South Atlantic—
Cqntd.
Virginia
"West Virginia..
North Carolina.
South CarolinaGeorgia
Florida
East South Central
Kentucky
Tennessee
Alabama
Mississippi
West South Cen*
feral
Arkansas
Louisiana
Oklahoma
Texas.
Mountain
MontanaIdaho
Wyoming
,.
Colorado
New Mexico
Arizona
Utah
Nevada
Pacific
Washington
Oregon
California

19371

1938 1

7,614
2,827
5,546
2,824
5,353
3,438

16,212 18,815
4,428 5,985
11,410 13,825
3,494 4,023
14,518 11,582
3,588 5,042

1930 1

7,785
4,08S
5,801
1,424
4,107
1,546

52,417
19,073
12,205
16,593
3,946

21,719
3,393
6,900
0,693
4,733

23,463 38, 852 64,852
1,948 3,047 4,470
13,890 18,220 18,149
1,977 2,878 8,190
5,049 14,107 24,037
4,599 5,051
7,937
321
174
700
803
319
325
141
95
489
1,792 2,959 3,547
122
141
395
293
174
64
1,127 1,189 2,351

28,049
3,444
5,702
3,9,">0
8,973
6,274
705
380
483
1,834
340
33
1.350
14
13, 820
2,380
2,570
8,004

17,674
5,003
4,090
5,408
2,267

35,524
13,300
6,013
12,055
4,156

40,222 62, 321 70,488
1,859 3,631 5,426
1,928 2,027 3,084
30,435 56, 063 01,378

Figures given include borrowings b y Federal intermediate credit hanks as follows:
1027

Minnesota
Missouri. . . . . .
Nebraska
Kansas
South Carolinu.--

20

1928
496
17
003
2,095
164

1929

1930

48
810
2,086
262

91
200
63

1927

Louisiana.. _
Texas.,
Washington
California

1928
125

9
008

361
159

1929
542
109
1,043
1,524

1930
8
73
247

Source: Federal Reserve Board.

2fo. 244.—FEDERAL RESERVE BANKS: DISCOUNT RATES ON ALL CLASSES AND
MATURITIES OF DISCOUNTED BILLS—CHANGES FROM JANUARY 1, 1922, TO
DECEMBEB 31, 1930
NOTE.—In 1914 to 1921 different rates were generally in effect for different classes of bills. The rates for
each class are shown in Table 249, Statistical Abstract, 1928, and the average rate for all classes combined
in Table 254, Statistical Abstract, 1930. Beginning 1922, the same rate applied to all classes of paper with
the few exceptions noted
Date effective

!

In effect Jan. 1,1922
1922—Jan. (11,9,23)...
Mar. (15,25)
Apr. (14, 0)
J u n e (23, 22)
J u l y (12, 8 ) — .
Aug. (15, 12)
1923—Feb. 23
M a r . O._
1924—May 1 _ . .
J,uiie 0.2,12,19,2,14'
18,14, 1 9 , 1 0 ) . J u l y ( l , 10)..Aug. (8, 1 5 , 2 5 ) . . . .
Oct. 15
For footnotes see p . 255.

Eich- At- Chi- St. Min- Kan- Dal- San
Bos- New- Philadel- Clevesas
Franton York phia
land mond lanta cago Louis neapolis City las cisco

1933

FEDERAL BESERVE BANKS

224

No. 226.—FEDEBAL RESERVE BANKS: HOLDINGB OF DISCOUNTED BILLS, BY
STATES
NOTE.—Yearly average basod on end of m o n t h figures
[AH figures in thousands of dollars]
I

Division and
State
United States

I9J8'

1931 > ! 1933 3 •

Division a n d
State

South Atlantic—
Contd.
Virginia
West Virginia.
North Carolina
South Carolina.
Georgia
Florida
East South Central
:—.
Kentucky
Tennessee 1 2 , 2 0 5
Alabama
Mississippi
46, 803 £ 8,910 si,see West South. Central
16,711 20,924 41,423
Arknnsiis
5,268 4,065 5,695
Louisisina
8,604. 7,344 13,479
Oklnhomn
12,546 17,230 18, 070
Texus
3,684; 3,338 4,593
Mountain
Montana
17,771 i 21, 794 38, 779
IilatIO
1,144 1,574 4,041
Wyoming
2, 782 I 3,189 4,856
Colorado
5,203 ' 6,368 8.772
707 1,341
New Mexico
745
Arisonu
051 1,505 3,364
U ti
3,400 5,387 6,484
3,486 3,004 4,932
Naviidu
36,729 Pacific
730
714
57<
"Washington
2,042 3,110 4,i'Jl
Oregon
1,225 2,032 I
California

971,283 274, 666 335,172 502,251
17,819 17,722 27,040
1,050 1,509 3,450
1,598 1,452 2,558
9G4 2,550
1,172
9,907 9,264 12,7fi4
801
811
477
3,525 3,722 6,511
101, 317 185,166187,166 187,166
51, 335 52,3<J4 0!),380
15,244 24,292 47,769
34,738 48,480 70,007

Hew England
2,410
Maine
New Hampshire 2,516
1,407
Vermont
Massachusetts., 53,606
Rhode Island.- ! 7,110
Connecticut
j 0,089
Middle Atlantic—1372, 350
217,621
New York
SG, 8G3
New Jersey
Pennsylvania 117 117,760
East Hbrth. Central.190, 778
52,308
Ohio
Indiana.... I 1 2 , 8 12, 820
I l l i n o i s . ' 6 3 , 1 8 0 63, 180
... 4fi,245
Michigan
Wisconsin
Id,105
West North Central
..
75,733
Minnesota
_| 18,704
I o w a i —
6,589
M i s s o u r i . . ; 1 31,300
North Dakota—I S47
South Dakota..f
i8S
Nebraska..
10, (HO
Kansas
0,619
South Atlantic
73,068
Delaware 7 3 , 0 6 8 1,040
Maryland... . 8,474
D i s t . o f C o l I 4,282

1030 1

mi'

18,815
6,985
13,825
4,023
11, 682
5,042

7,785
4,089
5,801
1,424
4,167
1,546

0,805
4,749
0,054
2,405
4,445
966

62,417
19,073
12,205
16, m
3,946

21,719
3,303
6, 900
6,OI»
4,733

54,852
4,476
18,149
8,190
24,037
7,937
700
325
489
3,547

22,049
3,441
5,702
3, 930
8,973
5,874
7C5
389
483
1,894
346
33
1,350
14
IS, 620
2, 3H«

1929

1930

19291

fl,596
5,230
3,948
2,005
6,003

IB, 930
3,883
5,354
B.B13
1, 781

18,247
3,404
6,720

1931

1932

c, en

1,512
24,706 24,689
2,102
1,243
7,821
8,005
4,360
4,135
10,417 10,346
6,498 13, 431
752 1,853
539 1,203
009
1,857
1,659
3,343
fiOl
1, 275
87
04
fl<(2
2,351
1,140
2,801
45
557
70,4SB
33,448 78,714
5,4*28
2, lai
B,85(J
3, 084 2, mo 1, 584 3,131
81,378 8,604 20,735 08,724
' Figures given include borrowings by Federal intermediate credit banks as tallows:
1929

Minnesota
Missouri
Nebraska
Kansas
South Carolina...

1930

48

lie

2,086
2G2

81
200
03

1931

1932

320
I)
214
2gl
083

3fi7

Louisiana

593
415
£02

WnshhiKton . . ...
Cftlifarniu

(142
109
1, 043
1,524

8

3S9

4G7

73
247

308
411

191
280

No. 227.—FEDERAL RESERVE GOID SETTLEMENT FUND: STJMMAHT OF
TRANSACTIONS THROUGH THE FUND, 1917 TO 1 9 32
[All figures in millions and tenths of millions of dollars]

Year

1917
191S,
1910
1921. .
1922..
1023..
1924..

1925. .
1928..

1927..
1928
1929..
1930..

1931...
1932

Balatieo
at beginning of
period

Daily sottJojuwits
between Federal
reserve brinks
Transit
clearings
45,439. 15
Cli, (),r)3.4
8.1, (174.2
(W, !I34.8
75, 330.0
Si), 014. 7
1)7, COS. 3
10M, 289. 5
.115,455.3
123, 031.5
132, 525. 2
145,132.4
151,4,Ji8.3
124,137.3

'Included in transit clearings.
Source of Tables 226 and 227: Federal Reserve Board.

•\Vitlidrawals

J, W . 7
1, (il4. 7
1, 871. 9
1, <>58.0
2, SOS. 2
1, 7U3.0
1, 7H4.3
1, 921. 8
1,770.0
3, 02<J. 2
3,797.3
2, 855. ft
3,1150.3
2, 00*3. S
2,729.0

Deposits

1,377. (i
1,705.0
1, 799. 7
1,685.5
2, 4(58.0
1,825.3
1, 781.1
2,030.2
1, 788. fi
3,005.3
3, fifiO.3
3,014.4
2,984.0
1, 970. 0
2, 625.7

Balance
at end
of period
331.0
41)1.9
328.7
357.3
522.1
554.4
571.1
C>79. a
089.2
W5.3
528.2
087.0
511.2
427. -i
314.1
340.3

1934

224

ÊÈDBRAL RÉSER"^Ë

BANKS

N o . 3 3 0 . — ^ F E P E R A L RESERVE B A N K S : H O L D I N G S
•STATES

OP D I S C O U N T E D

BILLS,

BY

NOTE.—Yearly average based on end of month figures
[Allfiguresin thousands of dollars]
Division and
State

jgjj i

^ggj i

jgg^ 1

Division and
State

19Î31

1930 1

South Atlantic—
Contd.
Virginia
:— 7,785
27,640 11,072
West Virginia -. 4, 089
1, 509 3,450 2,344
North Carolina. 5,801
1,452 2,668
993
South Carolina. 1,424
964 2,550 1,002
4,167
Georgia
9,264 12, 764 4,667
1, 616
Florida
801
811
278
3,722 5,611 1,888 East South Cen126,166 187,166 120,011
tral
- 21,719
62, 394 69,380 51,902
Kentucky
3,393
24, 292 47,769 20, lOO
Tennessee
6,900
Alabama
6, 093
70,007 42,009
Mississippi
4,733
68,910 81,866 38,466 West South Central
23, 049
26,924 41,423 24,416
Arkansas
3, 444
4,065 5,096 3,501
Louisiana
6,702
7, 344 11, 479 2,069
Oklahoma..
3,930
17,239 18,076 6,960
Te-xas
8, 973
3, 338 4,693 1,520
Mountain
5,274
21, 794 33, 779 11,688
Montana
766
1,838
1, 574 4,041
Idaho
389
1,416
Wyoming
483
3,189 4,856
Colorado
1,894
6,368 8,772 2,355
688
New Mexico
346
707 1,341
Arizona
33
1,,505 3, 364 2,139
Utah
1,350
5,387 6,484 1,744
Nevada
14
3,064 4,932 1,508
30, 998 86, 729 19,008 Pacific
13,620
579
736
431
Washington
2,386
3,110 4,491 2,504
Oregon
2, 670
1,225 2,032 1,630
California
8,064

1931 1

1933 i

1933 i

6,805
4,749
6, 654
2,465
4,446
966

9,596
5, 230
3,948
2,905
6,903

4,786
3,440
2,149
893
2,647

16, 980 18,247
3,883
3,404
6, 720
5, 364
6,611
5,912
1,612
1,781

9, 527
1, 466
3, 971
3,197
903

United States. . 274,666 335,172 602,261 248,689
17,819
New England..
1„050
Maine
New Hampshire 1,598
1,172
Vermont
Massachusetts- 9,997
477
Rhode Island
3,525
Connecticut
Middle Atlantic... 101,317
New York...
51,335
New Jersey..
16,244
Pennsylvania- 34,738
East North Cfen.
tral
46,903
Ohio
16,711
Indiana
6,208
Illmois-.
8,094
Michigan
12,546
Wisconsm
3,084
West North Central......
17,771
Minnesota
1,144
Iowa
2,782
Missouri
5,203
745
North Dakota..
951
South Dakota.3,460
Nebraska
3,486
Kansas
South Atlantic
28,094
Delaware
714
Maryland
2,042
Dist. of Col
520

17, 722

628

24, 706 24, 689 8, 193
2,102
1, 243
418
7,821
8, 965 2,291
4, 306 4,135
1,889
10, 417 10,346
3, 595
6, 498 13,481
4,237
762 1,853
593
256
539
1,203
577
669
1,857
1, 788
1,659
3,343
337
601
1,275
84
87
542
530
1,146
2,801
72
45
557
33,448 78,714 26, 487
2,566
2,129
6,859
692
1, ,584 3,131
29, 735 68,724 23, 229

Figures given include borrowings by Federal intermediate credit banks as follows:
1930
Minnesota
Missouri
Nebraska
Kansas
South Carolina...

1931

91
200
63

320
6
214
281
083

1932
367
687
407
692

1933

1930
Louisiana
Texas
Washington
California

1931

8

389

73
247

368
411

1932

1933

467
9
208
280

26
3

No. 331.—FEDERAL RESERVE GOLD SETTLEMENT FUND: SUMMARY OE
TRANSACTIONS T H R O U G H T H E F U N D , 1 9 1 8 TO

1933

[Allfiguresin millions and tenths of millions of dollars]

Year

Balance
at beginning of
period

Daily settlements
between Federal
reserve banks

InterBalance
reserve
WithFederal
bank
drawals Deposits at end
of period
Transit
reserve transfers
clearings
note
clearings
45,439. 5
4.812.1
1,614. 7 1, 705. 0
40L9
66,063.4
7 930.9
1,87L9
329.7
1, 799. 7
85,074. 2
7 661.6
1, 658. 0 1, 685. 5
357 3
64,934. 8
3, 289.1 2,303. 2 2,468. 0
622.1
75, 336. 0
1.154.0
1,793.0
1,825. 3
654.4
89, 614. 7
1.039.2
1,704. 3 1. 781.1
571.1
97, 698. 3
919.6
1,921.8
2,030. 2
679.5
108, 289. 5
909.0
1, 779.0 1, 788. 6
689. 2
115, 465. 3
3,029. 2 3. 005. 3
1,043.4
666. 3
123, 031. 5
1,436. 7 3,797. 3 3, 660. 3
528.2
132, 525. 2
1,172. 0 2,8.5,5.6 3,014. 4
687.0
145,132. 4
3,160.3
1.062.1
2, 984. 6
611.2
151,458.3
1, 530. 2 2,003. 8 1, 970. 0
417.4
124,137 3
1,90,5.0 2,729.0
2,625.7
314.1
89, 527 6
1, 648.4 4,166. 6 4,182. 8
340.3
75, 725.4
2, 675. 0 4, 548. 6 4,826.5
618.2

1918.
311.0
1919.
40L0
1920329.7
1921.
357 3
1922.
522.1
1923.
664.4
1924.
571.1
1926.
679.5
1926.
689.2
1927.
666.3
1928628.2
1929687
0
193061L2
1931-,
417
4
1932314.1
1933.
340.3
1 Included in transit clearings.
Source of Tables 230 and 231: Federal Reserve Board.

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