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FOR TftE P # # st. 6305 Released f o r publication Friday morning, Aug. 30; not e a r l i e r . Sedejr&l Reserve Board ' Abgust 29, 1929. CONDITION OF FEDERAL RESME BA2IK8 The consolidated statement of condition of the Federal reserve tanks on August 28, made public by the Federal Reserve Board, shows decreases f o r the week of $12,800,000 in holdings of discounted b i l l s and of $3>300,000 in United • States Government s e c u r i t i e s and an increase of $24,400,000 in "bills bought in open market. Member bank reserve deposits increased $13,600 jOOO", Federal r e serve note c i r c u l a t i o n $6,500,000 and cash reserves $6,200,000. Total b i l l s and s e c u r i t i e s were $8,500,000 above the t o t a l reported the previous week. Holdings of discounted b i l l s increased $7,700,000 i t the Federal Reserve Bank of New York and $4,700,000 at Minneapolis, and declined $6,400,000 at Chicago, $5,500,000 a t San Francisco, $4,600,000 at St. Louis, $4,100,000 at Boston and $3,500,000 a t Cleveland. The System's holdiiigs of b i l l s bought in open market increased $24,400,000, while holdings of Treasury c e r t i f i c a t e s declined $3,400,000. The principal changes in Federal reserve note circulation f o r the week were increases of $5,500,000 a t Boston and of $2,800,000 at Atlanta. A summary of the principal assets 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 August 28, 1929, follows: Increase or decrease since Aug. 28.1929 Aug. 21.1929 Aug. 29.1928 (In thousands of d o l l a r s ) Total reserves . . Gold reserves 3,149,038 + 6,224 + 384,144 Total "bills and s e c u r i t i e s 1,291,562 + 8,490 - l4l,464 . . . . 156,514 + 24,377 - 27,785 U. 15. 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 of indebtedness . . 145,321 42,678 91,073 - - 11,570 3,286 15 + 130 - 3,401 + - 63,643 12,08b 2,822 54,379 Federal reserve notes in c i r c u l a t i o n 1,329,372 + 6,519 + 178,376 Total deposits . . . . . . . . . . Members' reserve deposits . . Government deposits . . . . 2,347,508 2,305,592 + 10,335 + 13,566 + + 2,962,099 + 7,911 + 343,290 B i l l s discounted, t o t a l . . . . . ; Secured by U.S.Govt, obligations i Other "bills discounted . . . . . . B i l l s bought in open market C 17,400 - 1,068 - 22,826 36,916 9,924 Released f o r publication Friday morning, August 39.1929; not e a r l i e r . St. 6305a RESOURCES AiTD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBIITED (In thousands of d o l l a r s ) Aug. 28,1929 Aw:. 21.1929 Aw:. 29. 1928 RESOURCES . Gold with Federal reserve agents . . . Gold .redemption fund with U. S.Treasury Gold held exclusively against 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 held "by "banks > Total gold reserves . . . . . Reserves other than gold Total reserves . . . ITon-reserve cash B i l l s discounted: Sec. "by U.S. Government obligations . 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 of indebtedness . . . 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 foreign banks Uncollected items . Bank premises All other resources . . . . TOTAL RESOURCES 1,565,163 67,213 1.632,376 719,608 610,115 2,962,099 186,939 3,149,038 63.248 1,561,563 67,7^5 1,629,308 716,863 608,017 1,093,837 __SiE3 1,159,680 724,889 734,840 2,954,188 2,618,809 188,626 3,142,814 58,782 146,085 2,764,894 5'8,24l 469,396 504,231 973,627 156,514 448,120 538,258 986,378 5o4,3i6 434,457 132,133 1,038,773 184,299 42,678 91>073 11,570 1^5»321 l6,100 42,693 54,764 14,971 65,949 208,964 1,433,026 574 5,222,496 1.233,072 724 712,509 58,818 10,484 5.267,203 8,913 4,941,24s F. R. notes in 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 . 1.829,372 1,822,853 1,650,996 2,305.598 17,400 5.130 19.380 2,292.032 .18,468 7.142 2,268,682 .19.531 9,799 18,877 Total de-posits . . . . 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 . . . . . . . 2,347,508 591.537 I56,74O 2,337,173 2,324,682 1,291,562 724 648,495 58,860 10,569 90.,943 148,607 88,251 615,468 60,132 L I A B I L I T I E S TOTAL LIABILITIES . . . 254,39s 32,941 5,222,496 654,83s 166,217 254,39s 31,724 5,267,203 27,324 562,76s 144,860 233,319 24,623 4,941,24s 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 . . 75.4$ 75-5$ 69.5% Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . . . . 447,977 442,668 277,897 c RESOURCES RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BANKS OH AUGUST 28 192q (in thousands of dollars) ' ^ Total Boston New York Phi la1.' , 5 Z t S e a s . & U Gold held exclusively against F . R. notes 1,632,376 159,26? Cold settlement fund with F.R.Board 719,608 33,046 Gold and gold c e r t i f . held "by "banks 610,115 27,218 Total sold reserves Reserves other than gold 2,962,099 219,531 186,939 16,107 Total reserves iTon-reserve cash B i l l s discounted: 3,149,038 63,248 235,638 % % 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 : 973,627 156,514 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 145,321 lb,100 Total b i l l s and s e c u r i t i e s Due from foreign hanks " f r i Rich. Atlanta Chicago St.Louis l o g 304,495 133,963 153,061 51,094 105,2S6 334,394 ;25,975 57,225 73,975 24,480 209 161 209,23% 30,468 120,383 23,846 15,615 118,319 36,784 16,512 52 130 22 q?6 4o V & 367,934 29,188 32,472 7,24p 3,661.84,422 8,447 5,818 5)355 9)105 29)255 881,664 71,332 193,619 82,180 1 24,562 537,135 71,206 7.244 8.712 28,420 10,453 952,996 17,796 202,552 314,909 1,197 2,760 89,424 4,467 305,916 8,933 8,993 133,274 565,555 7,576 5,846 81,659 4,909 56,521 278 750 5,145 14 ^ 8 7 79^555 13^460 2.023 4,890 81,578 136,350 6l,GS6 2S3byT 1,452 2,366 2,609 3*515 y 5 g . % il'31 85,345 20,4?? 4,866 1,291,562 110,688 54 305b i-z 24o,847 72,208 95,742 7,647 69,566 5,2^0 73,553 115,523 6,973 l4,?6? 6l,120 3,083 1:1 SI 1:5 ?:S ^ 'f -^ XI 724 *. Finn. Kans.Cy. Dallas San Fran, 68,656 27,990 531,746 18,178 12,050 300 29,677 1,809 3,366 25,725 151 1,997 - 9,186 1,304 3,750 356,851 121,86? 104,483 66,012 83,892 156,015 68,80? 42,923 217 70 74 33 28 100 29 18 S f 5,222,496 421,387 1,535,204 379,587 ^ 492,722 209,552 251,884 * . % 35,790 45119 54376 2,681 5 725 15 565 ' ' 1 3 g ) | TOTAL RESOURCES 8,755 1 Cleve. St ^ 6,045 13,419 39775 56 889 83 360 ' 24 ' 57 ' 24 ^jjo t g 819,152 187,592 142,333 219,390 145,773 417,920 iSSCHHCSrMID LIABILITIES OF T3® FSDIS3AL EBSSS¥IL3AM:S CLT. jffiESaSUL 28.,. 19.29 s t . 6305c (in thousands of d o l l a r s ) Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Total Boston ¥ew York P h i l a . CIeve. 310,333 151,826 194,376 78,529 154,003 328,555 62,218 65,132 78,034 46,330 176,167 1,829,372 183,369 F.R.notes in actual c i r c u l a t i o n Deposits: 1 2,305,593 143,223 910,193 135,TO*- 190,829 64,978 58,583 348,442 76,831 53,185 91,9^2 60,932 170,756 Member hank - reserve account 551 2,482 1,476 1,478 1,990 1,391 2,630 1,365 70s 1,451 1,027 17,400 851 Government 417 1,090 557 591 267 226 13b 232 145 191 5,130 429 Foreign hank 1 24 7,650 7,938 150 1,002 70 160 908 260 384 77719,380 57 , Other deposits 2,347,508 144,560 921,703 137,887 193,900 67,305 60,360 352,774 78,688 54,422 94,361 62,174 179,374 Total deposits 591,537 60,791 158,201 47,180 59,049 43,471 19,018 76,107 23,929 11,508 32,608 23,114 3l,56l Deferred a v a i l a b i l i t y items 166,740 10,710 64,150 16,452 15,489 6,177 5,449 19,897 5,223 3,065 4,2O4 4,496 11,368 Capital paid in 254,39s 19,619 71,282 24,101 26,345 12,399 10,554 36,442 10,820 7,082 9,086 8,690 17,978 Surplus 1,-472 32,941 2,338 9,535 2,i4i 3,063 1,671 2,500 5,377 1,714 1,124 1,037 9°9 All other l i a b i l i t i e s TOTAL LIABILITIES 5,222,496 421,387 1,535,204 379,5^7 492,722 209,552 251,884 819,152 187,592 142,333 219,390 145,773 417,920 $6.8 82.5 Reserve r a t i o (per cent) 75*4 71 • 9 7/• 4 69.9 51.0 ol.3 b2.2 83*0 5^*0 o&.2 79*1 L I A B I L I T I E S 1, 32,726 139.732 42,4 5 6 M?Ag^t°le^raot?=tln cir^ition)492,456 50,225 197,811 39,587 15,659 16,810 26,118 35,610 12,118 6,713 8,876 FEDERAL RESERVE HOTE ACCOUIJTS OF FEDERAL RJ1 SERVE AG-STTS F.R.notes r e c ' d from Comptroller F.R.notes held by F. R. Agent F.R.notes issued to F. R. Bank Collateral held as security for F.R.notes issued to F.R.Bank: Gold and gold 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 in open market C e r t i f i c a t e s of indebtedness Municipal warrants C- 3,758,556 318,809 1,436,728 85,215 2,321,82s 233,594 431,463 35,300 1,133,700 114,617 1,058,868 105,164 2,624,031 255,081 Total 973,627 156,514 11,570 300 45,109 20,343 17,247 60,588 17.690 11.056 14,594 14,594 31,842 ^7.977 "ZseffL^-Sii^corroipind^s 10,399 72,530 937,104 274,561 289,475 178,333 302,191 596,145 116,846 147,324 136,360 74,861 385,997 423,960 83,14s 73,94o 83,o%4 122,070 231,980 42,510 75.479 ^9,950 13,132 137,300 508,144 191,413 210,535 95,339 130,121 364,165 74,336 71,845 86,910 56,729 243,697 17,253 35,000 231,84s 30,000 34,4oo 16,190 9,500 7,300 14,167 53,626 93,4i6 115,000 30,466 91,500 329,564 13,000 4o,000 71,248 4,500 171,763 270,479 87,049 73,772 57,165 80,151 128,982 6s,46o 29,750 38,113 50,513 69,265 555,953 215,465 223,172 103,821 181,151 458,546 89,260 83,917 109,361 72,276 276,02s MATURITY DISTRIBUTION OF BILLS, CERTIFICATES OF HDEBTEIEESS AND MUNICIPAL 77ARBAITTS , Qi days to Over 6 months 6l to 90 days l6 to 30 days Within 15 days 31 to 60 days ol g mojiths ill Vll 102 7,653 114,842 77,111 54,371 719,548 3,064 25,422 17,173 20,253 90,597 101 93 i,521 2,855 300 VJ.1
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