The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATE,iMT FOR THE PRESS st. 6566 Released f o r ' p u b l i c a t i o n F r i d a y morning, Apr. 25; not e a r l i e r . F e d e r a l Reserve Board, A p r i l 24, 1930. CONDITION OF FEDERAL RESERVE BALTICS The c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n of the F e d e r a l r e s e r v e "banks on A p r i l 23, made p u b l i c by t h e F e d e r a l Reserve Board, shows d e c r e a s e s f o r the week of $ 4 5 , 5 0 0 , 0 0 0 i n h o l d i n g s of b i l l s "bought i n open m a r k e t , $ 8 , 0 0 0 , 0 0 0 i n U. S. Government s e c u r i t i e s and <j>2,300,000 i n d i s c o u n t e d " b i l l s . Member "bank r e s e r v e d e p o s i t s d e c l i n e d $ 1 6 , 8 0 0 , 0 0 0 , Government d e p o s i t s $ 1 , 5 0 0 , 0 0 0 and F e d e r a l r e s e r v e n o t e c i r c u l a t i o n $29,500,000, w h i l e c a s h r e s e r v e s i n c r e a s e d $ 1 5 , 9 0 0 , 0 0 0 . T o t a l " b i l l s and s e c u r i t i e s were $56,500,000 "below t h e amount r e p o r t e d a week ago. The p r i n c i p a l c h a n g e s i n h o l d i n g s of d i s c o u n t e d b i l l s f o r t h e week were d e c r e a s e s of $ 9 , 8 0 0 , 0 0 0 a t t h e F e d e r a l Reserve Bank of Mew York a n d $2,700,000 each a t C l e v e l a n d and Chicago, and i n c r e a s e s of $6,4-00,000 a t A t l a n t a and $ 2 , 3 0 0 , 0 0 0 a t San F r a n c i s c o . The System 1 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 $ 4 5 , 5 0 0 , 0 0 0 , of U. S. bonds $ 2 , 3 0 0 , 0 0 0 , of T r e a s u r y n o t e s $ 1 , 1 0 0 , 0 0 0 and of T r e a s u r y b i l l s and c e r t i f i c a t e s $ 4 , 7 0 0 , 0 0 0 . F e d e r a l r e s e r v e n o t e c i r c u l a t i o n d e c l i n e d $6*300,000 a t the F e d e r a l Beserve Bank of New York, $ 5 , 6 0 0 , 0 0 0 a t P h i l a d e l p h i a , $ 4 ,6 0 0 ,0 0 0 a t Chicago, $ 3 , 5 0 0 , 0 0 0 a t B o s t o n , $ 2 , 7 0 0 , 0 0 0 each a t S t . L o u i s and* San F r a n c i s c o and $29,500,000 a t a l l Federal r e s e r v e banks. A summary of t h e 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 t h e r e s e r v e b a n k s , t o g e t h e r w i t h changes d u r i n g t h e week and tfre y e a r e n d i n g A p r i l 23, 1930, follows: I n c r e a s e or d e c r e a s e s i n c e Apr. 23.1950 A-or. 16.1930 Apr. 24,1929 ( i n t h o u s a n d s 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 3,224,776 + 3,o4s75g^yoo + 15,272 17,037 + + 251,360 249,947 T o t a l b i l l s and s e c u r i t i e s . . 1,004,963 - 56,513 - 275,63s 211,491 + 2,313 3,520 1,207 - 763,022 448,122 314,900 B i l l s discounted, t o t a l . . . . Secured "by U . S . G o v t , 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 . . . . 113,362 B i l l s bought i n open market 256,869 45,5^5 + 115,694 527,338 66,184 176,525 284,679 8,005 2,294 1,05s + 377,606 Federal reserve notes in c i r c u l a t i o n 1,518,344 29,525 - 134,217 . . 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 . . . . Total deposits 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 . . 93,129 2,422,186 2,363,314 35,200 4,653 + + 14,582 96,199 + 266,825 Released f o r p u b l i c a t i o n F r i d a y morning, Apr. 25,1930; n o t e a r l i e r . S t . 6560a RESOURCES A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE BASKS COMBINED ( i n thousands of d o l l a r s ) Apr. 23.1930 Apr. 16.1930 Ayr.24.1929 1,654,164 41,142 1.695,306 615.295 1,688,084 4 i , 245 1,279,901 68,466 1,729.329 592,097 710,065 3,o4g T 5eg-<vdd>3 i 0 3 l i 4 9 1 177,413 1,348,367 682,613 767,601 2,798,581 174,835 3,224,776 66,357 3,208,904 65,027 2,973,416 78,988 93,129 118,362 5^1,251 433,262 211,491 256,869 96,649 117,155 213,804 302,4i4 66,184 176,525 284,679 68,478 177,583 289,332 527,388 9.215 535.393 9,865 1,004,963 „ J 649 ^ 7 0 58,520 11,499 1,061,476 711 736,530 58,509 11,006 51,602 80,326 17,854 149,782 7,396 7,735 1,280,601 724 680,417 58,739 7,780 5,016,056 5,142,213 5,080,665 1,518,344 1,5^7,869 1,652,561 2,363,314 35.200 5.775 17,897 2,422,186 605,006 174,243 276,936 19.341 2,380,128 36,736 5,730 20,538 2,443,132 681,164 174,153 276,936 18,959 2,290,218 30,854 9,856 19,15b 2,350,084 643,581 155,851 254,39s 24,190 5,016,056 5,142,213 5,080,065 R E S O U R C E S Gold w i t h F e d e r a l r e s e r v e a g e n t s . . . . Gold redemption f u n d with U. S. TreasuryGold h e l d e x c l u s i v e l y a g a i n s t Gold s e t t l e m e n t f u n d w i t h F. R. Gold and g o l d c e r t i f i c a t e s h e l d Total gold reserves . Reserves o t h e r than gold Total r e s e r v e s F.R.notes Board . "by t a n k s . . . 176^248-^3^ . . . . 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 d i s c o u n t e d 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 . . . . T o t a l U.S. Government 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 T o t a l b i l l s and s e c u r i t i e s Dae from f o r e i g n banks Uncollected items Bank p r e m i s e s . . . All other resources . . TOTAL RESOURCES . . . . 11 974,513 l4i,i75 L I A B I L I T I E S 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 . . . Deposits: Member bank - r e s e r v e account . . . . Government Foreign bank Other d e p o s i t s Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus All other l i a b i l i t i e s . . . . . TOTAL LIABILITIES R a 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 . . 81.8# 80.4# 74.3# Contingent l i a b i l i t y on b i l l s p u r c h a s e d for foreign correspondents . . . . 459,983 459,446 345,317 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH APRIL 23, 1930 ^ S t . 6566b ( I n thousands of d o l l a r s ) R i c h . A t l a n t a Chicago St.Louis' Minn. Kans..Cy. Dallas San Fran. Total Boston New York P h i l a . Cleve. 258,594 l4o,OCX). 175.550 68,000 107,350 289,000 72,345! 55,845 80,000 32,800 189,763 Gold w i t h F e d e r a l Reserve Agents 1,654,164 184,917 1,886 I 1 , 9 2 2 1,635 1,442 6,390 15,257 2,922 2,386 2,000 2,l4l 1,814 Gold redemption f u n d with U.S.Treasury 4 l , 142 1,347 Gold h e l d e x c l u s i v e l y a g a i n s t 273,851 142,922 177,936 70,000 109,491 290,814 74,231 t 57.767 81,635 34,242 196,153 F. R. n o t e s 1,O95,306 186,264 b l 5 , 295/ 26,631 <^0,0 JX 180,568 37,661 67,908 17,170 15,759 128,883 28,664J 14,713 39,874 15,662 41,702 Gold s e t t l e m e n t f u n d with F.R. Board 6 , 0 3 4 10.492 8,933 27,473 433,425 38,020 50,015 8,612 6,587 103,095 Gold and g o l d c e r t i f . h e l d "by banks 737-^2f 35,369 78,514 132,001 58,837 265,328 3,o4g-r52g 248,264 Total gold r e s e r v e s 887.944 218,603 295,859 95,782 131,837 522,792 l i z 4,187 8,138 7.203 10,710 55,063 14,372 13,042 7,415 15,282 16,851 R e s e r v e s o t h e r than gold ^o° ^ 13,570 943,007 232,975 308,901 103,197 147,119 539,643 123,182 82,701 14o,l39 66, ok) 276,038 3,224,776 261,834 Total r e s e r v e s 4,612 5.467 2,269 1.992 13,172 4,103 4,775 4,466 4,851 9,226 f 4,550 56,3571 6,874 H o n - r e s e r v e cash 0wf / X SHJ B i l l s discounted: 1,012 6,867 2,074 3,969 921 12,745' 5,023 4,914 22,337 l 4 , 0 9 b 12,527 93,129 6,644 Secured "by U.S.Govt, o b l i g a t i o n s 6,043 9,209 2,189 6,539 a,132 9,461 9,680 Other b i l l s d i s c o u n t e d 4,263 13,178 7,551 12,910 34,126 27,297 22,870 i 6 , 4 o 2 22,053 22,206 14,703 211,491 13,932 T otal b i l l s d i s c o u n t e d 7,948 34,382 8,760 20,117 10,462 24,757 22,471 11,755 12,306 12,880 74,084 256,869 16,947 B i l l s bought i n open market RESOURCES 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 T o t a l U.S.Govt, s e c u r i t i e s Other s e c u r i t i e s T o t a l b i l l s and s e c u r i t i e s Dae from f o r e i g n banks U n c o l l e c t e d items Bank p r e m i s e s All other resources TOTAL RESOURCES 35,111 17 12,669 2,018 434 31.982 22 33,014 3.972 366 41,136 22 26,672 1,876 483 83,987 50 31,279 4,681 480 55,612 115,251 26 97 22,077 83.146 2,658 8,295 3.630 393 45,741 26 28,425 3,811 322 1.299 3,660 7,681 125 4,508 4,169 527,388 9,215 40,323 1,000 192.863 7,200 46,125 1,000 49,995 12,640 8,802 1,004,963 711 649,170 72,202 53 308,273 226 83,182 70 92,982 72 3,580 55 15,664 3,379 1,762 173 7,059 l,i4o 39,504 30 43,991 3.204 644 11,499 36,695 19,268 15 670 22,695 26,630 58,580 25,637 4,787 6,517 7,238 27,200 978 54,422 •17,318 111,241 27,829 179,014 56,487 63,197 366 18,249 18,080 645 ii,5ll 7,112 1,190 12,646 26,487 69.199 8,279 6,973 10,380 18,542 81 1,886 3,957 5,924 20,564 16,135 33,875 70,574 66,184 176,525 284,679 5,016,056 413,797 1,462,735 378,752 478,126 195,036 235,973 756,051 206,057 135,219 211,487 I4O,84I 4 o i , 9 8 2 L I A B I L I T I E S F.B.notes in actual c i r c u l a t i o n Deposits: Member "bank - r e s e r v e a c c o u n t Government F o r e i g n "bank Other d e p o s i t s Total deposits Deferred a v a i l a b i l i t y items * Capital paid in Surplus •111 o t h e r l i a b i l i t i e s RESOURCES MD LIABILITIES OF THE FEDERAL ( I n thousands T o t a l Boston Hew York F h i l a . Cleve. 1 , 5 1 8 , 3 4 4 160,984 174,615 142,534 i 8 i , 4 4 o RESERVE BANKS ON APRIL 23, 1930 of d o l l a r s ) 2 , 3 6 3 , 3 1 4 147,988 35,200 2,796 5,775 419 17,897 ill 2,422,186 151,314 605,006 67,760 174,243 11,660 276,936 21,751 19,341 328 61,742 2,923 237 20 65,536 350,075 3,148 2,956 204 758 74 563 64,992 4o,793 5,896 12,496 1,037 68,962 354,352 21,497 75,787 5,453 20,335 10,857 40,094 2,147 2,847 957,671 137,753 186,822 7,668 2,288 1,509 1,978 549 566 7,823 138 1.126 9 7 5 , i 4 o l 4 0 , 7 2 8 190,023 157,043 51,009 60,036 69,755 16,727 15,898 80,001 26,965 2 9 , I 4 I 6,181 789 1,588 s t . 6566c R i c h . A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San F r a n . 69,822 127,057 262,636 76,193 59,619 75,605 33,432 154,407 79,708 1,843 204 305 82,060 30,o4i 5,348 10,877 l,538 52,459 1,443 130 173 54,205 10,222 3,095 7,143 935 87,786 63,177 1,324 2,833 170 170 106 . 23 89,386 66,203 32,592 27,093 4,334 4,391 9,162 8,935 408 787 211,487 i 4 o , s 4 i 84.9 66.3 172,597 4,469 390 7,365 184,821 31,133 11,351 19,514 Z5l 401,982 81.4 TOTAL LIABILITIES 5,016,056 413,797 1 , 4 6 2 , 7 3 5 378,752 478,126 195,036 235,973 756,051 206,057 135,219 Reserve r a t i o ( p e r c e n t ) 81.8 83.8 82.0 82.2 83.2 76,5 75-1 87.5 77.8 72.7 C o n t i n g e n t l i a b i l i t y on b i l l s p u r chased f o r foreign, c o r r e s p o n d e n t s 459,983 34,018 151,524 44,591 45,970 19,308 16,549 61,600 16,549 10,573 1 3 , 7 9 1 13,791 31,719 F . R . n o t e s on hand ( n o t e s r e c 1 d f r o m I 1 .E.Agent l e s s n o t e s i n c i r c u l a t i o n ) 327,998 29,102 55,620 25,776 34,376 a , o o 4 25,720 41,705 16,972 5,728 9,824 9,730 52,441 FEDERAL RESERVE HOTE ACCOUNTS OF FEDERAL RESERVE AGENTS F . R . n o t e s r e c ' d from C o m p t r o l l e r 3 , 1 1 2 , 2 5 9 308,586 681,955 210,810 299,596 122,256 231,187 529,401 109,965 99,797 125,759 87,099 305,848 F . R . n o t e s h e l d "by F. R. Agent 1 , 2 6 5 , 9 1 7 118,500 451,720 42,500 83,780 31,430 78,410 225,060 16.800 34,450 40,330 43,937 99,000 F . R . n o t e s i s s u e d t o F.R. Bank 1 , 8 4 6 , 3 4 2 190,086 230>;a35 168,310 215,816 90,826 152,777 3 o 4 , 3 4 i 93,165 65,347 85,429 4 3 , 1 6 2 206,848 Collateral held as security f o r F . R . n o t e s i s s u e d to F.R. Bank: Gold and gold c e r t i f i c a t e s 402,108 35,300 229,968 39,900 15,550 5,000 6,000 9 , 2 4 5 11,845 14,300 35, 000 C-old f u n d - F. R. Board 1 , 2 5 2 , 0 5 6 149,617 28,626 100,100 160,000 6 3 , 0 0 0 101,350 289,000 63,100 44,000 80,000 18,500 154, 763 E l i g i b l e paper 460,096 30,802 106,152 34,295 42,267 26,565 46,081 44,489 25,238 16,345 25,710 15,059 47,093 Total c o l l a t e r a l 2,114,260 215,719 364,746 174,295 a 7 , 8 i 7 94,565 153,431 333,489 97,523 72,190 105,710 47,859 236,856 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days-.to Total Within 15 days l o to 30 days 31 to 60 days b l t o 90 days Over b months 6 months B i l l s discounted 211,491 ,350 18,305 27,417 12,012 17,351 3,056 B i l l s b o u g h t i n open market 256,869 147 ,584 54,o4i 35,084 16,158 4,002 C e r t i f i c a t e s and b i l l s 284,679 45,193 62,500 94,646 32,335 :;unicir)al w a r r a n t s 15 15
@FedFRASER