The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATE CENT .FOB THE PE3SS Released f o r p u b l i c a t i o n Friday morning, Apr. 1Q; not e a r l i e r . St. 6 1 6 6 Federal Reserve Board, A p r i l 18, I929. CONDITIO# OF FHD2P-AL RESERVE B A K S The c o n s o l i d a t e d statement of c o n d i t i o n of the Federal r e s e r v e "banks on April made p u b l i c by the Federal Reserve Board, shows an i n c r e a s e foi* the week of *3c , 8 0 0 , 0 0 0 i n h o l d i n g s of d i s c o u n t e d "bills and d e c r e a s e s of clS,30O,OOO in b i l l s bou,-&ht i n open market and ^ 4 , 7 0 0 , 0 0 0 i n Government s e c u r i t i e s . Government d e p o s i t s inc r e a s e d $ 4 0 , 7 0 0 , 0 0 0 and cash r e s e r v e s £ 5 , 4 0 0 , 0 0 0 , while Federal r e s e r v e note c i r c u l a t i o n d e c l i n e d $ 4 , 5 0 0 , 0 0 0 and member "bank r e s e r v e d e p o s i t s remained p r a c t i * cal l y unchanged. Total b i l l s and s e c u r i t i e s were $ 1 7 , 4 Q 0 > 0 0 0 above the amount h e l d on A p r i l 10. 17, Holdings of discounted b i l l s ,at t h e Federal Reserve Bank of Cleveland d e creased $ 2 0 , 3 0 0 , 0 0 0 and a t Chicago $ 1 4 , 6 0 0 , 0 0 0 . A l l other Federal r e s e r v e banks reported l a r g e r h o l d i n g s of d i s c o u n t e d b i l l s , the p r i n c i p a l i n c r e a s e s b e i n g : Hew Yorjk $ 1 3 , 3 0 0 , 0 0 0 , A t l a n t a # , $ 0 0 , 0 0 0 , Richmond $ 7 , 7 0 0 , 0 0 0 and Boston and D a l l a s $ 7 , 0 0 0 , 0 0 0 each. The System's h o l d i n g s of b i l l s bought i n open market d e c l i n e d $ 1 ^ , 3 0 0 , 0 0 0 and of Treasury c e r t i f i c a t e s $ 4 , 6 0 0 , 0 0 0 , w h i l e h o l d i n g s of U . S. bonds and| Treasury n o t e s were p r a c t i c a l l y unchanged. Federal r e s e r v e note c i r c u l a t i o n was $ 4 , 5 0 0 , 0 0 0 l e s s than a week ago, the pri n c i p a l changes b e i n g a decrease of $ 4 , 5 0 0 , 0 0 0 at Cleveland and i n c r e a s e s of $2, 3 0 0 , 0 0 0 at Boston and $ 2 , 0 0 0 , 0 0 0 at Chicago. 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 r e s e r v e banks, together with changes during the ;eek and the year ending April 1 7 , 1929, f o l l o w s : I n c r e a s e or decrease s i n c e Apr. 17. 1929 Apr. 10, 1929 Apr. 18.1928 Total r e s e r v e s , Gbld r e s e r v e s 2,955,973 2,779 > 3 3 + + Total b i l l s and s e c u r i t i e s 1,310,162 + 16,379 - 994,296 + 30,764 - 6,462 + 142,412 + 37,226 + 232,267 1,427 ,701 + + 71,448 60,045 1,887 3%lls d i s c o u n t e d , t o t a l Sec. by U.S.Govt, o b l i g a t i o n s Other b i l l s d i s c o u n t e d . . . . 533,992 46o,3O4 Bp.lis bought i n open market . . 141,027 - 16,290 - 209,729 U.S.Government s e c u r i t i e s , t o t a l Bonds Treasury n o t e s . . . . . . . . C e r t i f i c a t e s of i n d e b t e d n e s s . 161,429 51,629 - 4,66o + 17 - 179,257 4,930 - 31,283 91,841 17,959 - 110 4,567 + 374,679 - 143,O44 Federal r e s e r v e n o t e s i n c i r c u l a t i o n 1,653,228 - 4,491 + 71,214 Total d e p o s i t s Members' r e s e r v e d e p o s i t s Government d e p o s i t s . . . 2,379,774 + 39,936 + 452 - 43,492 - 89,955 + 39,152 c 2,302,392 45,455 + 40,734 R e l e a s e d f o r p u b l i c a t i o n Friday morning, April 19, 19?9'» not earlier. St. 6lo6a RESOURCES MD LIABILITIES OF THE TifiSLVB £U02JRYE 3MZS COMBINED ( I n thousands of d o l l a r s ) Apr, 17,1929 Apr. 10,1929 Apr. 18.1928 R E S O U R C E S GoId w i t h Federal r e s e r v e a g e n t s GoId redemption fund with U. S. Treasury . 1,288,060 70,573 1,273,428 67,075 1,279,070 50,671 1,358,633 1,340,503 1,329,741 674,560 746,290 706,899 727,380 773,029 616,668 Total c o l d r e s e r v e s 2,779,483 2,774,782 2,719,438 Re s e r v e s o t h e r than g o l d . 176,490 175,764 165,087 Total reserves 2,955,973 77,102 2,950,546 80,463 2,884,525 533,992 460,304 54o,454 .423,078 391,580 228,037 994,296 i4i,027 963,532 619,617 157,317 350,756 51,629 91,84i 17,959 161,429 7,295 6,115 51,612 91,951 22,526 56,559 123,124 161,003 166,089 6,845 34o,686 - - Gold h e l d e x c l u s i v e l y a g a i n s t F e R . n o t e s Gold s e t t l e m e n t fund *vith F. R. Board . Gqld and g o l d c e r t i f i c a t e s h e l d by "banks Hon - r e s e r v e casn Bi l i s d i s c o u n t e d : Sec. "by U.S. Government o b l i g a t i o n s Other "bills d i s c o u n t e d Total "bills d i s c o u n t e d Bi l i 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 of i n d e b t e d n e s s . . . . Total TJ. S. Government s e c u r i t i e s Other s e c u r i t i e s . . $qreign l o a n s on g o l d Total b i l l s and s e c u r i t i e s D^e from f o r e i g n banks , c o l l e c t e d items Bink premises . . 1 other r e s o u r c e s . . . . A3, TOTAL RESOURCES 67,323 990 1,310,162 723 803,693 58,733 7,700 1,293,783 722 66l,234 58,729 * 8,576 1,312,049 570 755,687 59,378 9,452 5,214,086 5,054,053 5,088,984 1,653,228 1,657,719 1,582,014 2,302,392 45,455 3-0,. 1 6 3 21,764 2,301,940 4,721 9,327 23,850 2,392,347 6,303 5,661 18,955 2,379,774 2,423,266 748,167 155,133 254,398 23,386 2,339,838 624,251 154,886 * 254,39? * 22,961 5,214,086 5,054,053 5,088,984 L I A B I L I T I E S R. n o t e s i n a c t u a l c i r c u l a t i o n . . Deposits: Member bank - r e s e r v e account . . . Government Foreign bank , , . . . < Other d e p o s i t s , Total d e p o s i t s . t • • I n f e r r e d 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 . . . . 697,397 137,606 233,319 15,382 R $ t i o of t o t a l r e s e r v e s to d e p o s i t and F. R. n o t e l i a b i l i t i e s combined . . . 73.3# 73.8# 12.0$ 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 347,390 347,652 262,645 c. RESOURCES AID LIABILITIES OF THE FEDERAL RESERVE BASKS QM APRIL 17, 1929 St. 6l66b (In thousands of d o l l a r s ) RESOURCES Total Boston New York S o l d w i t h Federal Reserve Agents l,2gg,o6o . 78,636 Gold redemption fund with u . s . T r e a s . 70,573 9,7i4 281,344 12,6q8 86,650 137,324 7,635 6,312 38,334 3,274 91,044 267,246 17,729 4,181 7,601' 6 , 1 2 3 53,63% 3,782 50,964 3,564 24,2l6l60,939 1,984 3,795 88,350 293,952 9 4 , 2 8 5 143,636 4i,608 95,225 274,847 23,852 57,4i6 5%,528 2 6 , 2 0 0 164,734 71,157 23,864 167,376 U69,035 27,352 ^3,708 12,193 15, 921 i 6 j o 4 154,598 8,358 76*805 37,058 10,316 15,552 5*657 34,988 5>^39 27,803 10,o83 6 9 , 7 2 2 120,287 5 0 6 , 2 5 0 71,226 78,625 94,755 64,686 2 3 5 , 9 1 3 25,226 13,252 2,669 5,769 77,965 1 2 9 , 0 4 5 5 3 1 , 4 7 6 84,478 & °K R!1notes1US1Vely AGAINST 1,358,633 Sold s e t t l e m e n t fund w i t h IT.R.Board Gold, and g o l d c e r t i f . h e l d by "banks Total gold reserves R e s e r v e s other than g o l d Total reserves r o n - r e s e r v e casn Bi 674,560 7^6,290 2,779,483 183,371 176,490 15,074 2,955,973 198,445 77,102 6,329 Phila. Cleve. 66,561 ^8,7^3 930,363 165,345 258,94o 5 2,977 7,193 l4,l65 983,34o 172,538 273,105 30,711 2,386 5,733 Rich. Atlanta Chicago S t . L o u i s 8,243 4,930 8,758 4,766 8,134 4,089 iSr£r;EFIISATION3 « 994,296 76,508 B i l l s bought i n open market l4l,027 21,972 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 * Foreign l o a n s on g o l d 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 A l l other r e s o u r c e s TOTAL RESOURCES 81,294 100,524 1,436 7, 030 43,218 27,9^1 16,134 71,716 252,047 1,625 2,809 4,154 ^ Total h i l l s d i s c o u n t e d 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 of i n d e b t e d n e s s Minn. Kans.Cy. D a l l a s San Fran. 51,629 689 2 6 0 , 0 0 3 108,798 20,093 16,936 g,6l0 66,o4g 1 1 8 , 5 l 4 53,855 22,577 40,731 21,024 81,199 11,757 l6,646 8,886 6,728 4,480 5,421 7,698 3,475 1,350 13,137 5,010 10,639 7,027 28,958 5 548 1,152 961 - 3,678 46 27 19,937 7,125 4,534 7,755 902 1.136 4,577 13,525 - 161,429 7,295 5,5i4 - 19,531 1,4-95 18,251 300 29,511 - 2,113 - 3,751 - 30,499 7,125 9,346 2,000 12,4O6 1,250 13,589 750 61115 485 2,148 281 238 838 245 164 9,793 1,500 7 8 , 9 2 3 156,579 65,705 39,508 59,924 2 7 3 . 53 585 55,216 91,841 17,959 1,310,162 io4,479 1,384 11,800 89,823 629 669 3 0 3 , 2 7 0 139,778 136,939 220 69 74 66,220 33 803,693 58,733 77,596 3,702 227,407 lb,087 66,762 1,757 75,793 6,535 57,131 3,575 7> 700 68 920 189 1, 256 517 7,177 3,385 28 99 1,955 506 28,136 1 0 1 , 0 6 6 2,744 8,529 - 29 4,812 - 18 202 24 7,829 216 64 46,653 112,184 24 52 35,490 3,928 15,555 2,110 43,724 4,i4o 28,686 1,922 46,347 3,704 286 837 315 367 484 5,2i4.o86 3 9 0 , 6 7 2 l , 5 6 l , 9 5 5 383,479 499,435 2 1 0 , 3 7 1 245,597 806,389 1 9 4 , 0 0 5 140,758 2 1 0 , 2 7 6 152,177 418,972 RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BAITICS OE APRIL 1 7 , 1 9 2 9 st< olbbc ( i n thousands of d o l l a r s ) T o t a l Boston New York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. D a l l a s San Fran. F.R. n o t e s i n a c t u a l c i r c u l a t i o n 1,653,22s 133,401 289,592 i 4 o , 4 n 205,155 69,004 133,709 300,921 57,651 63,954 66,436 37,637 155,357 Deposits: Member "bank - r e s e r v e account 2,302,392 146,573 905,^79 136,626 177,078 66,098 65,896 343,422 77,171 51,293 90,774 67,637 174,345 Government 45,455 ' 2,687 lJ+,772 3,707 1,092 2,386 2,307 6,136 1,900 859 732 2,942 5,935 Foreign tank 10,163 429 6,120 557 592 267 236 795 232 145 191 191 4i8 Other d e p o s i t s 21,764 243 7,365 90 142 965 91 803 2,117 236 167 9,499 Total d e p o s i t s 2,379,774 149,932 933,736 l4o,980 179,727 68,842 68,571 351,156 81,420 52,533 91,864 70,816 190,197 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 L I A B I 1 M I 1 1 I I I I I I I I 1 1 1 1 1 1 1 if! I TOTAL LIABILITIES 5,214,086 390,672 1,561,955 383,479 499,435 210,371 245,597 806,389 194,005 I4O,758 210,276 152,177 418,972 Heserve r a t i o (per c e n t ) 73 3 70.0 80.4 61.3 71.0 56.6 63.8 81.5 60.7 66.1 69.8 63.5 72.9 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 347,390 25,675 105,561 33,308 35,389 15,960 13,531 47,533 13,878 8,674 11,450 1 1 , 4 5 0 24, 981 F . R . n o t e s on hand ( n o t e s r e e ' d from F.R.Agent l e s s n o t e s i n c i r c u l a t i o n ) 4 l 4 , 8 1 3 21,207 124,627 38,039 37,291 19,29s 31,074 34,839 10,623 8,982 11,655 F . R . n o t e s r e e ' d from Comptroller F . R . n o t e s h e l d by F. R. Agent 2,835,968 221,483 767,927 66,875 F . F . n o t e s i s s u e d to F.R.Bank Collateral held as security for F . R . n o t e s i s s u e d t o F.R.Bank: Gold and g o l d c e r t i f i c a t e s Gold redemption fund Gold fund - F. R. Board E l i g i b l e paper Total c o l l a t e r a l B i l l s discounted B i l l s bought i n open market C e r t i f i c a t e s of indebtedness i p a l warrants Digitized forcFRASER 9,993 FEDERAL RESERVE NOTE-; ACCOUNTS OF FEDERAL RESERVE AGENTS 67,185 2,068,o4i 154,60s 745,334 211,150 269,596 108,373 220,143 4I4,3SO 3 3 i , H 5 32,700 27,150 20,071 55,360 78,620 4i4,219 178,450 242,446 88,302 164,723 335,760 80,524 12,250 68,274 90,080 103,101 17,144 25,010 72,936 78,091 62,862 308,942 15,232 86,4oo 47,630 222,542 366,995 89,64g 83l,4i6 1,085,927 35,300 10,336 33,000 98,403 W % 95,000 67,657 75,000 259,768 102,388 105,574 % 24,000 58,092 ! ; $ ,>6 60,500 266,000 74,289 124,975 % 8,000 57,702 37,000 27,80s u;604 46,3oO 47,885 Z : Z 6,000 112 899 32,574 96,469 2,373,987 177,039 541,112 189,038 242,898 96,426 165,333 392,221 75,431 81,442 98,849 56,790~257^408 MATURITY DISTRIBUTION OF BILLS,.. Total Within 15 days 16 to 30 days 994,296 l4l,027 830,046 62,231 40,490 28,503 17,959 300 5,010 CERTIFICATES OF INDEBTEDNESS , HID MUNICIPAL WARRANTS 31 to 60 days 68,164 - 34,736 930 ___ 6 l to 90 days 41,955 13,O4s 6 ^ays to ™M3 2,509 8,555 300 Qver - __ g months 3,23s 3>5S
@FedFRASER