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Released f o r p u b l i c a t i o n Friday morning, August 15, not e a r l i e r STATEMENT FOB. THE PRESS St. 6686 Federal Reserve Board August l 4 , 1930 CONDITION OF FEDERAL RESERVE EAMS The d a i l y average volume of Federal reserve bank c r e d i t outstanding during the week ending August 13 a s reported by the Federal reserve banks was $1,001,000,000, an increase of $13,000,000 compared with the preceding week and a decrease of $380,000,000 compared with the corresponding week of 1929. On August 13 t o t a l r e s e r v e bank c r e d i t outstanding amounted to $982,000,000, an increase of $42,000,000 f o r the week. This increaso corresponds with i n c r e a s e s of $36,000,000 in member bank reserve balances and $5,000,000 i n unexpended c a p i t a l funds, e t c . , and a decrease of $5,000,000 in monetary gold stock, o f f s e t in part by an increase of $5,000,000 in Treasury currency. Holdings of discounted b i l l s decreased $15,000,000 during the week, the p r i n c i p a l changes being decreases of $13,000,000 a t the Federal Reserve Bank of New York and $2,000,000 each a t Philadelphia and Richmond and an increase of $2,000,000 at St. Louis. The System's holdings of b i l l s bought in open market increased $20,000,000, of Treasury notes $13,000,000, of U. S. bonds $10,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $7,000,000. Changes in the amount of reserve bank c r e d i t outstanding and in r e l a t e d items during the week and the year ending August I3, I930 were as f o l l o w s : Increase or decrease since Aug. 13, Aug. 6',. Aug. 1.4, 1910 1930 1929 ' ( i n m i l l i o n s of d o l l a r s ) B i l l s discounted B i l l s bought United S t a t e s s e c u r i t i e s Other reserve bank c r e d i t 191 154 -837 + 36 31 - 15 + 20 + 30 + 6 982 U.Ugg 1,737 + 42 - 5 + 5 +139 Money in c i r c u l a t i o n 4,437 Member bank reserve balances 2^400 Unexpended c a p i t a l funds, nonmember d e p o s i t s , e t c . 421 + 36 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency a d j u s t e d F. 606 + 5 +452 - 21 -370 + 4 -308 + 70 + 11 Released f o r p u b l i c a t i o n Friday morning, August 15; 1930; not e a r l i e r . S t . 6686a RESOURCES JED LIABILITIES OF THE TWELVE FEDERAL RESERVE BALTICS CClvBHED ( i n thousands of d o l l a r s ) Aug. 13.1950 Aug. 6.1930 Aug. l 4 . 1929 R E S O U R C E S Gold with Federal reserve agents . . . . Gold redemption fund with U.S.Treasury . 1,546,714 36,352 1,551,714 36,816 1,553,821 75,494 Gold held 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 i c a t e s h e l d by banks 1,583,066 1,588,530 555*602 817,046 1,629,315 Total g o l d reserves . . . . . . Reserves other than g o l d 2,945,300 169,702 2,961,178 165,631 2,938,439 190,379 Total reserves Non-reserve cash . . B i l l s discounted: Secured by U.S.Government o b l i g a t i o n s Other b i l l s discounted 3,115,003 66,856 3,126,809 63,436 3,128,818 63,139 551,212 811,022 636,248 622,876 • 62,209 128,306 65,599 l4o,324 190,515 154,328 205,923 133,571 1,027,988 117,385 59,608 291,617 255,112 49,650 278,307 248,267 42,673 89,053 .22,577 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 6o6,337 g,472 576,224 7,272 154,303 10,650 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 F. R. notes of other banks Bank premises A l l other resources 955,652 703 579,632 19,639 59,585 15,617 922,990 705 503,728 19,064 59,584 14,442 1,310,826 723 754,^8 29,660 58,818 I0,6l0 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 notes C e r t i f i c a t e s and b i l l s . . . . . TOTAL RESOURCES 511,455 516,533 4,816,686 4.710,758 5,357,092 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 - reserve account . . . . Government . . . . . Foreign bank Other deposits 1,332,991 1,338,774 1,815,378 2,399,616 2,363,852 29,563 31,519 2,330,365 18,l6l 4,924 22,662 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 i n . . . . . . . . . . . 2,463,778 2,423,4o6 L I A B I L I TIES Surplus . A l l other l i a b i l i t i e s TOTAL LIABILITIES 8,14-9 26,450 5,755 22,280 2,376,112 358,011 169,769 487,054 169,680 714,079 166,135 276,936 276,936 254,398 15,201 4,516,636 14,908 4,710,758 30,990 5,357,092 Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . , 82.0$ 83.1$ 74.6$ 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 430,094 483,454 441,924 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 1 3 , 1930 ( I n thousands of d o l l a r s ) Total Boston New York F h i l a . 01 e v e . Rich. A t l a n t a Chicago S t . L o u i s RESOURCES s i s s a s " " I " ^Pd EelnotS1USl"ely ^aigS" 1,533,066 165,874 a s s - i s ' 273,301 142,395 202,530 i g " a " i a 6 4 , 2 4 4 i o 4 , 4 2 0 195,430 5 % s a s " 66,793 " r fells - " ? " - - " 3 , 1 1 5 , 0 0 2 234,397 66,856 5 , 5 5 8 1 ' - Total M i l s d i s c o u n t e d bought i n open niarket «... Total U . S . Govt, s e c u r i t i e s TOTAL RESOURCES 95,397 133,853 458,667 1 0 4 , 9 5 4 4,327 5,l43 9,643 4,575 i:Sj ;t-js a s 190,515 154,328 10,936 17,376 32,347 49,859 17,218 105 I : § a i ' 1 : 1 s 6o6,337 46,177 192,188 52,252 57,856 8,472 1,000 6,450 1,000 — 959,652 75,489 280,844 70,575 86,126 68.396 156.30 K,7*S 56,612 Xo,579 1 5 . 3 « 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 982,977 231,1*09 341,983 17,301 3.561 3,820 I I 4,816,686 ' • ! 4 # n11 a a s 15,320 19,497 29,561 1 5 , 2 4 3 12,950 7,^2 8,104 15,253 i - S i f : i 1 1 16,983 12,691 81,313 • ~ % 43,962 ' : I I # a 14,950 7,976 ' S : l % 47,236 " 76,542 %::# — 46,825 % 381,784 1,466,899 360,444 499,94s 189,^08 211,470 665,478 : S 23,225 221,016 g a ^ * 5 5 67,089 118,356 51,551 294,369 2,084 2,394 3,361 5,089 n a 4,460 6,065 £ 1 23,899 2 6 , 0 0 4 73.677 : # a : ~ 50,356 111,809 - s a s s : % Total r e s e r v e s Eon-reserve c a s h S t . bbSob Minn. Kans.Qy. Dallas San Fran. a i s 9,115 14,098 8,255 5 , 6 2 1 S : l S : 1 28,73o 29,229 39,009 — S : § ——— 36,551 *6,106 48,948 10,37* 35.l| aj.670 - S 7,770 15,282 • £ 186,815 H9,508 208,365 62,061 ; : § 127,243 399,324 L I A B I L I T I E S RESOURCES. AND LIABILITIES OF THE FEDERALRESERVE BMKS ON AUGU5T 13, 1930 ( I n thousands of d o l l a r s ) Total Boston Mew York P h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s 1,332,991 135,667 151,665 127,032 192,687 F.R.notes i n a c t u a l c i r c u l a t i o n Deposits: 2,399,6ib -48,701 995,673 I4O,OO7 200,196 Meribsi' Traolc — r e s e r v e account 5,024 1 , 3 0 2 2,548 29,563 1,723 Government 1)02 543 4 ,506 8,149 Foreign bank 5 S 1 , 6 99 13,645 32 26,450 Other d e p o s i t s 2,463,778 150,913 1 , 0 1 8 , 8 4 8 I4I,904 204,986 Total d e p o s i t s 145,691 47,337 55,984 558,011 6 1 , 5 3 4 Deferred a v a i l a b i l i t y items 11,807 65,577 16,783 15,943 1 6 9 , 7 6 9 Capital p a i d i n 80,001 26,965 29,l4i 2 1 , 7 5 1 276,936 Surplus 423 1,207 5,117 1 5 / & 1 77 A l l other l i a b i l i t i e s 4,816,686 381,784 1,466,899 360,444 4 9 9 , 9 4 8 TOTAL LIABILITIES 82.0 81.8 84.0 86.0 86.0 Reserve r a t i o (per c e n t ) Contingent l i a b i l i t y on b i l l s pur480,094 35,548 157,755 46,597 48,038 chased f o r f o r e i g n correspondents S t . 6686c Minn. ICans. Cy. D a l l a s San Fran. 62,198 114,356 174,772 66,913 49,159 69,445 31,959 157,138 63,016 5,828 228 73 69,145 38,993 5,813 12,1496 763 58,356 352,520 74,912 48,222 88,265 58,530 171,218 902 1,179 1,565 767 4,io4 3,554 1,007 1 6 3 375 163 125 195 727 195 23 7,802 179 1,293 644 730 262 63,299 357,531 76,376 ^ , 2 9 3 90,900 60,281180,297 15,468 70,807 25,998 io,oo4 34,323 21,003 30,839 5,365 20,115 5,276 3,061 4,316 4,341 11,372 10,857 40,094 10,877 7,143 9,162 8,935 19,514 l64 724 84s 219 1,375 2,125 2,159 189,408 211,470 665,478 186,815 119,508 208,365 127,243 399,324 72.6 75*3 86.2 73.2 68.1 73.8 55 "9 87.2 20,176 17,294 64,372 17,294 il,o4g 14,412 l4,4i2 33,147 FEDERAL RESERVE NOTE STATEMENT Federal r e s e r v e n o t e s ; I s s u e d t o F.R*bank by F.R,agent Held by Federal r e s e r v e bank In a c t u a l c i r c u l a t i o n C o l l a t e r a l h e l d by agent as s e c u r i t y f o r n o t e s i s s u e d t o bank: Gold and g o l d c e r t i f i c a t e s 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 and b i l l s Municipal warrants 363,130 35,26o 248,026 147,929 222,170 96,361 20,897 29,483 402,908 229,968 39,900 15,550 1,696,121 170,927 81,053 139,693 202,186 83,107 18,855 25,337 27,414 16,194 55,468 7 9,881 38,526 227,155 6,309 10,436 6,567 70,017 1,332,991 135,667 .151,665 127,032 192,687 62,198 114,356 174,772 66,913 49,159 69,445 35,300 28,626 100,100 185,000 63,253 16,408 26,517 1,143,806 129,617 322,231 28,233 1,868,945 193,150 321,847 156,408 227,067 5,000 58,000 31,959 157,138 14,300 35,000 7,100 8,945 11,845 8,000 179,763 95,100 194,000 56,100 34,500 75,000 1 37,575 30,326 22,844 10,470 17,313 9,634 22,925 26,733 89,733 139,775 224,326 87,889 56,815 92,313 41,934 237,688 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total 190,515 154,328 255,112 22 Within 15 days 103,502 57,564 38,527 l6 to 30 days 17,785 32,849 31 t o 60 days 33,054 58,391 63,435 ' 6l t o 90 days 26,860 5,24o - Over 6 months ^1 9,195 284 76,070 22 119 77,080
@FedFRASER