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

1931

255

FEDERAL RESERVE BANKS

No. 244.—FEDERAL RESERVE BANKS: DISCOUNT RATES ON ALL CLASSES AND
MATURITIES OF DISCOUNTED BILLS, ETC.—Continued
San
Bos- New PhilaSt. Min- Kandel- Cleve- Eich- At- Chisas Dal- Franton York phia
land mond lanta cago Louis neapolis City las cisco

Date effective 1
1925—Feb. 27
N o v . (10, 20,17, 2 3 ) .
1920—Jan. 8

Apr. 23
Aug. 13..."
1927—July 29
Aug. (5, 5, 6, 10, 13,
4,12)
Sept. (8, 7,13,10)
1928—Jan. (27, 25)
Fob. (8, 3,10,11, 21,
7,10, 8,4)

Mar. 1 . -

Apr. (20, 24, 20, 23,
25)
May (18,17,25,26,7).
June (7, 2)
July (19, 13, 26, 13,
14,11,19)
Aug. 1
1029—Mar 2
May (14, 0, 20)
Aug. 9
Nov. (21, 15, 23)
Dec. (10, 20, 6)
1930—Jan. 16

3J4
4

4
4

4

4

VA

4

3K

VA

VA

VA

VA

VA

3H

VA

4

4

VA,

VA

4

4
4

4

4

4

4

4

4

4

41/,

5

4Vn

VA

VA

5

5

VA

VA

VA

4*

VA
5

5

5

4Ji

4^

5

5
5
5

VA

6
4 4J,£

5

5

VA

VA

VA

4J4

Feb. (13,7,8,7,8,11,
4
8,15,8)
4 _
4
VA 4^2
VA VA 4
4
Mar. (14,20,15,21)
4
4
Apr. (11,12,12,15,8).
4
4
4
4
4
May (8, 2)
3
3H
June (20 7 21)
Vi
VA
July (3, 3, IS, 12)
3
VA
VA V~A
Aug. (7,15, 8)
3J-.S
Sept. (12, 9)
VA
2
3
Dec. (24,29)
' Where 2 or more districts changed their rato during a given month, the days of the month when the rates
became effective are given in parenthesis in the order in which the districts concerned are named; for example, in January, 1922, the rate of 5 per cent became effective for Minneapolis on the 11th, and for Dallas
on2 the 9th; of W% per cent for San Francisco on the 23d.
5 per cent on G-9 month agricultural and livestock paper from Apr. 7,1923, to Juno 11,1924, inclusive
8
5 per cent on (5-9 month agricultural and livestock paper from Apr, 19,3923, to June 25,1924, inclusive;
4%1 per cent on 91-day to 6-month agricultural and livestock paper from June 19 to June 25,1924.
Bate changed to 5 on Nov. 1 and to 4!^ on Nov. 15.

No. 245.—FEDERAL RESERVE GOID SETTLEMENT FUND: SUMMARY OF
TRANSACTIONS THROUGH the FUND, 1915 to 1930
[All figures in millions and tenths of millions of dollars]

Balance
at beginning of
period

Year

1915..
1910..
1917
1918
1919..
1920
1921 .
1922..
1923
1924 .
1925..
1926
1927..
1928
1929
1930

W
77.8
169.7
311. C
401.9
329.7
357.3
522.1
554.4
571.1
679.5
689.2
065. 3
528.2
0S7.0
511.2

.

Daily settlements
between Federal
reserve banks
Transit
clearings
1, 052. 0
5, 534.0
24, 319.1
45, 439. 5
00, 053.4
85, 074.2
64, 934.8
75, 336.0
89, 614.7
97, 698.3
108, 289. 5
115, 455.3
123, 031.5
132, 525.2
145,132.4
151,458.3

1 Established May 20, 1915.
Source of Tables 244 and 245: Federal Reserve Board.

59931°—31

18

Interreserve

Federal
bank
reserve transfers
note
clearings
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(«)
(2)
(2)
035.8
673. 2
058.4
758. 7
009.4
2

(2)
(2)
2, 043.8
4, 812.1
7, 930. 9
7, 551. 0
3, 2S9.1
1,154.0
1,039. 2
919.0
909.0
1, 043.4
1, 430. 7
1,172. 6
1, 052.1
1, 530. 2

Withdrawals

78.0
231.1
1, 235. 7
1, 014. 7
1, 871. 9
1, 058.0
2, 303. 2
1,793.0
1, 764. 3
1, 921. 8
1, 779. 0
3,029. 2
3, 797. 3
2, 855. 6
3,160. 3
2, 063. 8

Deposits

155.8
323.1
1,377. 6
1,705.0
1,799.7
1,085.5
2,468.0
1.825. 3
1,781.1
2,030. 2
1,788. 6
3,005. 3
3, 060. 3
3,014.4
2,984. 6
1,970. 0

Included in transit clearings.

Balance
at end
of period
77.8
109.7
311.6
401.9
329.7
357. 3
522.1
554.4
571.1
679.2
689.5
605.3
528.2
687.0
511.2
417.4

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