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Released f o r publication Saturday morning, Dec. 1; » not e a r l i e r . STATEMENT FOB THE PRESS st. 5994 Federal Reserve Board, November 30, 1928. CONDITION OF FEDERAL R3SBKVI! BANKS The consolidated statement of coiiu.ition. of the Federal reserve banks on Hoveniber 28, made public "by the Federal Reserve Board, shows increases f o r the week of $190,300,000 in holdings of discounted b i l l s and of $3,200,000 i n Government s e c u r i t i e s and a decrease of $1,800,000 in b i l l s bought in open market. Member bank reserve deposits increased $14,800,000, Government dep o s i t s $17,100,000 and Federal reserve note c i r c u l a t i o n $4-9,000,000, while cash reserves decreased $77,700,000. Total b i l l s and s e c u r i t i e s were ^191,700,000 above the amount held on November 21. The p r i n c i p a l changes i n holdings of discounted b i l l s f o r the week were increases of $14-7,000,000 a t the Federal Reserve Bank of New York, $14,500,000 a t Cleveland, $8,800,000 each a t Boston and Chicago, $6,700,000 a t San Francisco and $5,800,000 a t Philadelphia,and decreases of $3,200,000 a t St. Louis and $3,000,000 a t A t l a n t a . The System's holdings of b i l l s bought in open market decreased $1,800,000 and of U. S. bonds $6(30,000, while holdings of Treasury notes increased $2,600,000 and of Treasury c e r t i f i c a t e s $1,200,000. Federal reserve note c i r c u l a t i o n shows increases f o r the week of $15,200,000 a t the Federal Reserve Bank of Philadelphia, $10,300,000 a t New York, $7,900,000 a t Cleveland, $4,700,000 a t Boston, $4,600,000 a t Chicago, $3,200,000 a t Atlanta, and $4-9,000,000 a t a l l Federal reserve banks. A summary of changes in 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 serve banks during the week and the year ending November 28, 1928, follows: Increase or decrease during Week To T *al reserves - $77,700,000 - 67,000,000 reserves ^ \ ! ^ a n V r u ^ T E i l l s discounted, t o t a l . Secured by U.S.Government obligations Other b i l l s discounted Year -$217,500,000 - 204,500,000 + . . i i 9 , 700,000 + 325,700,000 + 190,300,000 + 513,200,000 + 203,400,000 + 328 500 000 - 13,100,000 + 184[700,'000 B i l l s bought in open market - 1,800,000 + 127,500,000 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 of indebtedness + + + 3,200,000 600,000 2,600,000 1,200,000 - 318,600,000 - 211,300,000 + 60,200,000 - 167,500,000 Federal reserve notes in c i r c u l a t i o n . . . . + 49,000,000 + 49,000,000 Total deposits Members' reserve deposits Government deposits + 33,100,000 + 14,800,000 + 17,100,000 + 2,100,000 17,600,000 22,100,000 W. Released, for publication Saturday morning,December 1,1928; not e a r l i e r . St* 5994a RESOURCES AIID LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBI1TED (In thousands of dollars) RESOURCES Gold with Federal reserve agents Gold redemption fund ivith 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 sold reserves Reserves other than gold Total reserves . . . . . . . Hon-re serve cash B i l l s discounted: Sec. by U.S.Govt, 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 Ho?. 28.1928 ttov. 21.1928 %ov. 30.1927 1,1%,031 75,335 1,125,095 83,444 1,223,366 1,208,539 796,380 781,011 596,094 2,600 >71 121,943 2,722,4l4 50,366 673,540 316,700 662,54S 2,667,467 49,233 1,525,491 631,911 647,584 132,622 2,804,986 134,904 2,800,089 64,051 2,939,890 58,274 470,127 329,819 345,070 131,955 477,025 354,740 482,343 799,946 4g4,i64 53,442 115,798 6O,O42 54,068 113,166 58,821 229,282 226,055 990,24o 1,476,253 4,390 4,390 1,706,255 1,514,555 728 725 800,760 707,919 ' 60,595 60,590 9,918 8,902 264,732 55,611 227,492 547,835 915 1,380,515 566 692,230 60,001 13,991 5,258,192 5,249,675 5,145,467 1,765,585 1,716,635 1,716,574 2,360,973 24,199 6,295 19,609 2,346,I4I 7,090 6,488 18,246 2,378,563 2,411,076 2,377,965 737,873 146,502 233,319 37,381 2,413,170 637,726 131,702 228,775 17,520 5,145,467 L I A B I L I T I E S . F. R. notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account Government Foreign bank Other deposits . . . . 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 663,280 146,436 233,319 38,496 5,253,192 TOTAL LIABILITIES . . . . 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 . . . . Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents C. . 5,249,675 2,093 4,842 27,672 65.2$ 68.4$ 11,2$ 268,794 263,844 186,186 RESOURCES AND LIABILITIES OF THE FEDERAL RfeSMVE BANKS"OK"NOVEMBER *28; 1928'. " St. 5994b ( i n thousands of d o l l a r s ) Total Boston New York Phi l a . CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve Agents 1,143,031 117,598 169,462 93,216 116,876 48,882 75,34? 233,590 31,789 43,724 33,884 24,215 159,448 Gold redemption fund with U.S.Treas. 75,335 8,267 21,136 6,254 8,4p3 2J.45 4,671 6,682 5,345 3,671 3,375 2,096 3,290 Gold held exclusively against F. R. notes 1,223,366 125,865 190,598 99,470 125,279 5 1 , 0 2 7 80,018 240,272 3 7 , 1 3 4 47,395 37,259 2 6 , 3 1 1 1 6 2 , 7 3 8 Gold settlement fund with F.R.Board . 781,011 1 9 , 8 6 6 283,466 6i,24O 6 2 , 9 4 9 19,684 1 6 , 6 9 6 1 6 0 , 0 1 9 2 6 , 6 8 3 23,582 4 5 , 2 5 3 2 5 , 2 7 6 3 6 , 2 9 7 Gold and gold c e r t i f . held by banks 596,094 38,023 360,903 2 6 , 8 5 1 46,170 1 0 , 2 5 2 5,319 51,481 9,475 5,013 5,967 7,159 29,481 Total gold reserves 2,600,471 183,754 834,967 187,561 234,398 80^963 102,033 451,772 7 3 , 2 9 2 75,990 8 8 , 4 7 9 58,7^6 228,516 Reserves other than gold 121,943 15,777 20,875 4,854 io,4oi 1,868 5 , 4 4 5 11,419 5,351 7,099 10,490 12,543 15,821 RESOURCES Total reserves 2,722,4I4 199,531 :Ton-reserve cash 50,366 7,516 B i l l s discounted: Secured "by U.S.Govt, obligations 673,540 26,700 316,700 35,484 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. 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 foreign banks Uncollected items Bank premises All other TOTAL RESOURCES c. 855,842 192,415 244,799 828 14,493 2,945 272,212 44,494 990,24o 482,343 62,184 49,189 316,706 53,442 115,798 689 1.384 60,042 229,282 4,390 143,086 20,456 26,627 75,806 20,226 94,485 54,805 4l,822 27,326 14,073 21,208 47,083 19,488 10,464 2 5 , 7 4 1 73,032 50,208 548 29,059 4,4oo 1,152 1,303 1,209 4,518 7,125 351 19,927 9,363 7,755 4,641 3,724 8,844 11,881 4,858 902 2,210 1,661 1,229 8,073 2,345 1,075 3.664 34,007 5,304 36,844 21,216 11,037 9,732 16,349 3,500 535 1 8 3 , 2 9 7 72,812 9 6 , 0 9 2 2 2 4 , 4 3 6 68,487 46,853 67,279 6 5 , 0 7 S 18 21 l4 18 52 21 69 25 64,747 5 9 , 2 # 22,324 80,939 32,369 15,246 39,4l4 29,372 6,806 2,867 8,720 4,308 3,703 1,956 3,95% 2 , 2 0 2 l,4o4 744 429 445 2,699 780 419 509 45 13,629 3,700 7,531 44,532 21,692 200 155 5 0 4 , 5 2 4 117,879 368 199,827 16,675 1,491 6,190 11,052 585 10,755 10,352 725 , 37 707,919 67,095 3,824 60,595 158 9,918 3,245 77,858 93,830 64,191 239,935 2,297 3,388 799 1 , 6 9 9 18,, 920 19,231 102,663 21,850 22,902 41,503 44,174 l 6 , i 4 o 22,655 20,493 1 , 7 0 6 , 2 5 5 118,904 4.455 89,113 2,511 54,952 6 6 , 0 9 5 20,854 2 8 , 3 9 0 3,547 3,295 - 88^062 1 1 2 , 5 2 3 4 6 4 , 3 1 5 47 56,744 1,752 179 60,734 146,837 30,054 4o,755 -* ~ 37,990 9,281 3,021 13,360 46,o49 6,128 2 6 , 9 8 3 17,374 - l4o,6l4 35 40,598 3,828 661 5 , 2 5 8 , I G 2 3 9 7 , 0 6 5 1 , 5 9 3 , 2 2 0 3 6 9 , 8 4 4 50.4,050 2 2 8 , 7 3 0 2 3 9 , 7 7 1 7 8 5 , 4 4 9 1 9 6 , 9 6 4 1 4 3 , 7 1 6 2 0 6 , 9 6 7 1 6 3 , 3 5 7 4 2 9 , 0 5 9 L I A B I L I T I E S HIISOIMCAS A D LIABILITIES OF THE*'IMMTO-RESERVE BAHKS ONUOVEMBER 28, -1928. St. 5994c (In thousands of dollars) Total Boston F.R.notes in a c t u a l c i r c u l a t i o n 1,765,585 154,339 Deposits: Lieafetsr bank - reserve account 2,360,973 146,030 Government 24,199 86s Foreign tank 6,295 457 Other deposits 19,609 225 Total deposits 2,411,076 147,580 Deferred a v a i l a b i l i t y items 663,280 64,908 Capital paid in 146,436 io,l46 Surplus 233,319 17,893 All other l i a b i l i t i e s 38,496 g.iqg TOTAL LIABILITIES 5 'LLI92 Reserve r a t i o (per cent) 65.2 66.1 Contingent l i a b i l i t y on b i l l s purchased. f o r foreign correspondents 268,794 1 9 , 6 9 7 F.R.notes on hand (notes r e c ' d from F.R.Agent l e s s notes in circulation)361,984 34,996 "5K5 535 22, 56 5 3 SS F.R.notes r e c ' d from Comptroller F.R.notes held by F.R. Agents F.R.notes issued to F .R.Bank C o l l a t e r a l held as security f o r F.R.notes issued to F.R.Bank: Gold and gold 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 ffiss 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. 932,608 1,367 1,916 9,169 6o,o42 190 158 54,288 90,711 72,027 71.2 61.0 65.8 36,506 11,293 848 1,249 963 165 1,381 220 1,534 214 186,387 2,358 433 320 335 31 6.051 355,482 84,628 55,736 92,647 73,806 195,229 76,426 33,378 1 3 , 9 6 8 3 5 , 0 5 2 28,418 39,941 18,471 5,4o4 3 , 0 0 9 4,217 4 , 3 2 1 1 0 , 8 6 7 32,778 10,397 7,039 9,046 8 , 5 2 7 1 6 , 6 2 9 5,817 I1I62 1.383 1.218 Q45 1.Q2U 1 9 6 , 9 6 4 143,716 2 0 6 , 9 6 7 163,357 * 2 9 , 0 5 9 69.2 SO,224 24,950 27,314 9,455 9,192 18,647 95,204 2 1 , 2 4 9 2 3 , 3 1 2 1 6 , 2 5 8 3 1 , 4 7 3 4O,S71 1 1 , 9 6 9 9,ISO 9,434 FEDERAL RESERVE IJOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 8,675 59,363 5,000 107239 235.839 3 2 3 3 , 7 7 1 82,301 1,399 262 666 66.4 l4s,4o7 16,055 710,625 63,000 1,417,062 111,354 66,585 349,415 2,747 3,970 £.2" ?!I,°50 61.7. 439.022 165.616 341,207 35,300 96,199 1 9 , 2 9 S 68,587 3,897 311 2^6 I,# 1 8 4 , 4 4 5 7 2 , 9 5 3 69,740 6K,829 5 3 , 3 4 7 21,155 14,421 6,103 5,231 24,021 12,324 9,996 l.gfin 3.807 2J65 5 2 , 1 2 7 , 5 6 9 189,335 Total 990,240 *82,343 180,551 2,130 634 123 1,130 945,O6O 1 3 3 , 7 7 0 178,992 5 2 , 8 6 6 49,724 14,522 63,007 21,662 12,619 2,657 2,929,419 237,045 801,850 47,710 2,565,093 228,952 131,483 1,585 579 SS 56.8 56.0 13,394 11,031 a « « 98,461 162,757 337,346 $ I:GI % 2,590 231,000 82,977 25.000 39,ooo 44,ooo 432,934 79.951 146.480 62:856 g o : ^ & £ } 3 9 6 1 7 3 , 1 6 7 2631356 111 7,091 59.6 53.0 66.7 71,327 322,232 73.JP* 22,000 47:2% 738 15.312 98.400 71:761 74.2A 56,015 223,832 28,000 - , 3,524 30,360 1 7 , 2 9 3 35,ooo 2,922 18,160 4,000 106,288 57,050 45.182 122.848 ™ » 166,069 420,977 79,045 7 6 , 7 6 6 9 0 , 9 3 4 6 9 , 3 9 7 2 8 2 , 2 9 6 MATURITY DISTRIBUTION OF BILLS, CERTIFICATES OF INDEBTEDNESS AMD MUNICIPAL WARRANTS ir Within 15 days 855,540 139,415 8,910 l6 to 30 days 36,200 31 to 60 days 47,981 91,570 14,314 154,218 125 65 6l to 90 days 29, 29,979 93,;,194 91 days to 6 months 19,467 3,946 34,779 Over 6 months 1,073 2,039
@FedFRASER