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STATEMENT FOR THE PRESS st. 6551 Released f or p u b l i c a t i o n Friday morning, Apr. 11; not e a r l i e r . Federal Reserve Board, April 10, 1930. CONDITION OF FEDERAL RESERVE BASTES The consolidated statement of condition of the Federal reserve Jbanks on April 9, made p u b l i c "by the Federal Reserve Board, shows decreases f o r the week of $15,000,000 in holdings of discounted b i l l s , $34,300,000 i n b i l l s bought in open market and $3,100,000 in U. S. Government s e c u r i t i e s . Member bank r e s e r v e deposits declined $30,700,000, Government deposits $13,200,000 and Federal reserve note c i r c u l a t i o n $17,800,000, while cash r e s e r v e s increased $12,500,000. Total b i l l s and s e c u r i t i e s were $52,300,000 below the amount r e ported a week ago. The p r i n c i p a l changes in holdings of discounted b i l l s f o r the week were decreases of $9,700,000 a t the Federal Reserve Bank of San Francisco, $3,800,000 each a t Boston and P h i l a d e l p h i a and $2,300,000 at Chicago, and an increase of $8,800,000 a t Hew York. The System's holdings of b i l l s bought i n open market declined $34,300,000 and of Treasury notes $10,100,000, while holdings of U. S. bonds increased $4,100,000 and of Treasury b i l l s and c e r t i f i c a t e s $2,900,000. Federal reserve note c i r c u l a t i o n increased $5,300,000 a t Cleveland, and declined $12,100,000 a t Hew York, $6,000,000 a t Chicago, $1,400,000 each a t A t l a n t a and St. Louis and $17,800,000 a t a l l Federal reserve banks. A summary of the p r i n c i p a l a s s e t s and l i a b i l i t i e s of the reserve banks, together with changes during the week and the year ending April 9, 1930, follows: Increase or decrease since Apr. 9. 1930 Apr. 2, 1930 Apr. 10.1929 ( i n thousands of d o l l a r s ) Total r e s e r v e s Gold r e s e r v e s 3,221,350 3.037,281 + + 12,474 15.572 + + 270,804 262,499 Total b i l l s and s e c u r i t i e s . . . . 1,029,242 - 52,347 - 264,541 B i l l s discounted, t o t a l . . . . Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted . . . . 226,164 105.035 121,129 B i l l s bought i n open market . . 267,002 U.S.Government s e c u r i t i e s , t o t a l Bonds Treasury notes C e r t i f i c a t e s and b i l l s . . . . 527,296 58,226 is4,4o4 284,666 14,959 8,617 6,342 - 34,295 + 109,685 3.093 4,121 10,115 2,901 + + + + 361,207 6,6i4 92.453 262,i4o — 99,4I4 + + Federal reserve notes i n c i r c u l a t i o n 1,558,305 - 17.792 Total deposits . . . Members' reserve d e p o s i t s Government deposits 2,395,476 2,344,643 25.683 - 47.571 30,705 13.239 . . . 737.368 435.419 301,949 - - + + 4- 55.638 42,703 20,962 Released f o r p u b l i c a t i o n iViday tttijhiing, Apr. 11,1930; not e a r l i e r . St. 6551a RESOURCES AND U T I L I T I E S OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) Apr. 9.1930 Apr. 2,1930 Apr. 10.1929 RESOURCES Gold with Federal Reserve agents . . . . Gold redemption f u n d with U. S. Treasury Gold h e l d e x c l u s i v e l y a g a i n s t F.R.notes Gold s e t t l e m e n t fund with F. R. Board . Gold and gold c e r t i f i c a t e s h e l d "by banks Total gold r e s e r v e s Reserves other t h a n gold Total r e s e r v e s Non-reserve cash B i l l s discounted: Sec. by U. S. Government o b l i g a t i o n s . Other b i l l s discounted . . . . . . . . Total b i l l s discounted . . . . . B i l l s bought i n open market U. S. Government s e c u r i t i e s : Bonds Treasury n o t e s C e r t i f i c a t e s and b i l l s . Total U.S. Government s e c u r i t i e s . Other s e c u r i t i e s Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks Uncollected items . . Bank premises All other r e s o u r c e s TOTAL RESOURCES . . . . . . . . . F. R. notes i n a c t u a l c i r c u l a t i o n . . . Deposits: Member bank - r e s e r v e account . . . . Government Foreign bank Other d e p o s i t s Total d e p o s i t s Deferred a v a i l a b i l i t y items Capital paid in Surplus A l l other l i a b i l i t i e s . . . . . TOTAL LIABILITIES . . . 1,703,584 42,245 1,745,829 587,240 704,212 3,037,281 184,069 3,221,350 67,460 1,693,284 51,851 1,745,135 588,864 687.710 3,021,709 187,167 3,208,876 67,422 1,273,428 67,075 1,340,503 706,899 727,380 2,774,782 175.764 2,950,546 80,463 105,035 121,129 226,164 267,002 113,652 127,471 241,123 301,297 540,454 423,078 963,532 157,317 58,226 184,4o4 284,666 527,296 8,780 1,029,242 711 588,014 58,507 12,304 4,977,588 54,105 194,519 281,765 530,389 8,780 1,081,589 722 645,994 58,507 12,195 5,075,305 51,612 91,951 22,526 166,089 6,845 1,293,783 722 661,234 58,729 8,576 5,054,053 1,558,305 1,576,097 1,657,719 2,344,643 25,683 6,371 18,779 2,395,476 553,971 174,217 276,936 18,683 4,977,588 2,375,348 38,922 6,610 22,167 2,443,047 586,667 174,246 276,936 18,312 5,075,305 2,301,940 4,721 9,327 23.850 2,339,838 624,251 154,886 254,398 22,961 5,054,053 Ratio of t o t a l r e s e r v e s to deposit and F. R. note l i a b i l i t i e s combined . . 81.5% 79.80 73.8# Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 469,571 475,524 347,652 RESOURCES RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAHKS OH APRIL 9, 1930 St. 6551b (In thousands of d o l l a r s ) Total Boston Hew York R i i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve Agents 1.703,584 Gold redemption fund with U.S.Treasury 42,245 Gold h e l d e x c l u s i v e l y a g a i n s t F, R. notes Gold settlement fund with F.R.Board Gold and gold c e r t i f . h e l d by banks Total gold r e s e r v e s Reserves other than gold Total r e s e r v e s Mon-reserve cash B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted Total b i l l s discounted B i l l s bought in open market U. S« Government s e c u r i t i e s : Bonds Treasury notes C e r t i f i c a t e s and b i l l s Total U.S. Govt, s e c u r i t i e s Other s e c u r i t i e s Total b i l l s and s e c u r i t i e s Due from f o r e i g n banks Uncollected items Bank premises All other resources TOTAL RESOURCES 184,917 1,446 258,594 135,000 175,550 75,000 130,770 309,000 76,345 55,845 80,000 32,800 189,763 15,357 3,031 3,977 1,489 l,64l 1,897 1,932 1,951 1,692 1,442 6,390 1,745,829 186,363 273,951 138,031 587,2k) 20,487 l4o,783 4l,00S 704,212 31,534 4i6,017 33,844 3,037,281 238,384 830,751 212,883 184,069 16,039 54,017 15,675 3,221,350 254,423 884,768 228,558 67,46o 9,^65 13,277 3,928 179,527 76,439 85,508 24,119 48,726 8,054 313,761 108,662 13,770 7,4o2 327,531 ll6,o64 4,o49 4,225 132,411 310,897 78,277 11,211 108,466 27,754 6,520 102,211 7,325 150,142 521,574 113,356 15,343 18,803 12,684 165,485 54o,377 126,o4o 4,472 9,017 4,665 57,796 16,890 5,154 79.840 4,371 81,692 40,202 10,153 132,047 8,262 84,211 l4o,309 2,084 2,290 105,035 7,899 • 44,>19 13,643 11,019 2,704 617 9,388 5,729 326 3,048 121,129 7,8%g 18.355 l4,006 15,076 10,676 14,580 10,323 6,899 2,q47 9,26o 226,164 15,731 •62,674 27,649 26,095 13,380 15,197 19,711 12,628 2,373 12,308 267,002 19,763 102,756 9,936 16,39% 9,967 13,639 24,226 10,354 11,335 11,264 58,226 184,4o4 284,666 527,296 8,780 1,029,242 711 588,014 58,507 12,304 1,190 12,646 26,487 40,323 1,000 76,817 53 58,228 3,580 51 19,388 66,808 121,368 207,554 6,750 379,744 226 155,375 15,664 3,490 4,977,588 4o2,6i7 1,452,544 978 17,318 27,829 46,125 1,000 84,710 70 50,242 1,762 150 481 1,299 17,913 3,660 16,601 7,681 34,995 l2,64o - - 77,484 35,987 72 30 53,688 44,403 7,058 3,204 1,126 65s 369,420 471,008 204,571 34,242 16,176 8,739 59,157 7,096 66,253 4,569 196,153 54,636 25,935 276,724 10,607 287,331 5,4l9 564 5,779 6,626 5,449 7,190 11,228 8,ll4 29,254 81 8,279 366 20,564 645 4,836 16,430 11,511 6,497 1,886 6,978 18,249 33,765 7,112 7,244 3,957 10,380 18,080 70,759 19,268 18,577 5,924 25,637 36,695 30 37,625 114,696 42,280 32,285 29,496 4o,94l 77,177 22 22 26 26 50 17 , 9 7 28,746 12,205 36,120 23,517 30,903 20,452 74,135 2,658 8,295 3,811 2,018 3,972 1,876 4,609 722 471 808 257 296 523 3,752 234,470 747,425 205,864 133,343 212,466 137,900 405,960 119 4,50s 4,162 8,789 - - - L I A B I L I T I E S RESOURCES AMD LlABILITIES^OZ THE FEDERAL RESERVE SJBKS-.OH APRIL 9, 1930--, , (In thousands of d o l l a r s ) St. 6551c Total Boston New York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes i n a c t u a l c i r c u l a t i o n 1,553,305 163,117 184,389 143,688 183,731 72,293 128,390 274,854 77,691 60,108 77,626 34,483 157,935 Deposits: 2,344,643 145,1*03 957,724 134,566 184,340 64,642 63,811 339,504 79,964 50,493 87,007 61,496 175,693 Member t a n k - reserve account 25,683 1,434 Government 2,8b' 788 3,037 4,626 3,034 1,508 735 1,253 1,197 3,900 1,252 Foreign bank 6,371 419 204 2,57 566 2o4 237 758 130 170 170 390 Other d e p o s i t s 18,779 4s 3,174 166 107 1,389 546 223 182 241 7,376 93 Total d e p o s i t s 2,395,476 147,304 971,341 136,137 189,332 69,612 67,192 342,316 81,126 52,042 88,556 65,807 184,711 Deferred a v a i l a b i l i t y items 553,971 58,500 l4i,26o 45,168 51,362 43,183 20,524 67,113 29,350 10,013 32,378 23,487 31,633 Capital paid in 174,217 11,668 69,735 16,727 15,890 5,977 5,434 20,253 5,302 3,092 4,334 4,397 11,408 Surplus 276,936 21,751 so.ooi 26,965 29,i4i 12,496 10,857 iio.094 10,877 7,143 9,162 8,935 19,514 All o t h e r l i a b i l i t i e s 18,683 277 5,818 735 1,552 1,010 2,073 2,795 1,518 945 4io 791 759 TOTAL LIABILITIES 4,977,588 402,617 1,452,544 369,420 471,008 204,571 234,470 747,425 205,864 133,343 212,466 137,900 405,960 81.5 82.0 Reserve r a t i o (per c e n t ) 76.6 81.7 87.8 81.8 84.6 87.6 79.4 75.1 84.4 66.1 83.9 Contingent l i a b i l i t y on b i l l s p u r chased f o r f o r e i g n correspondents 469,571 34,765 154,337 45,570 46,980 19,731 16,913 62,953 16,913 10,805 14,094 14,094 32,416 F.R.notes on hand (notes r e c ' d from F.R.Agent l e s s notes i n c i r c u l a t i o n ) 335,647 38,818 53,133 24,458 28,472 18,695 30,104 42,442 17,165 6,438 10,197 9,621 51,104 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 3,146,693 312,435 673,846 212,646 302,883 122,578 24i,O64 539,606 112,256 102,296 128,053 90,991 308,039 F.R.notes r e c ' d from Comptroller 1,252,741 110,500 431,324 44,500 90,680 31,590 82,570 222,310 17,400 35,750 40,230 4 6,887 99,000 F.R.notes h e l d by F. R. Agent F.R.notes i s s u e d to F.R.Bank 1,893,952 201,935 242,522 168,146 212,203 90,988 158,494 317,296 94,856 66,546 87,823 44,io4 209,039 C o l l a t e r a l h e l d as s e c u r i t y f o r F.R.notes i s s u e d to F. R. Bank: 402,028 35,300 Gold and gold c e r t i f i c a t e s 229,968 39,900 15,550 5,000 5,920 9,245 11,845 14,300 35,ooo Gold fund - F. R. Board 1,301,556 149,617 28,626 95,100 160,000 70,000 124,850 309,000 67,100 44,ooo 80,000 18,500 154,763 E l i g i b l e paper 469,807 35,4l6 152,343 33,246 40,750 23,078 28,081 43,741 21,855 13,480 23,024 14,779 4o,oi4 Total c o l l a t e r a l 2,173,391 220,333 4io,937 168,246 216,300 98,078 158,851 352,741 98,200 69,325 103,024 47,579 229,777 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months 226,164 B i l l s discounted 151,547 18,725 27,125 16,534 8,703 3,530 267,002 171,421 B i l l s bought i n open market 221 39,178 47,492 8,690 284,66b C e r t i f i c a t e s and b i l l s 113,864 32,4oo 57,037 81,365 30 Municipal warrants — 30 — %
@FedFRASER