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STATEMENT IQR THE PRESS Released f o r publication. Friday morning, Dec. 5> not e a r l i e r . S t , 681.3 Federal Reserve Board December 4, 1930. CONDITION OF FEDERAL RESERVE BANKS The d a i l y average volume of Federal r e s e r v e "bank c r e d i t o u t s t a n d i n g during the week ending Decesibej4 3> a s r e p o r t e d by the Federal r e s e r v e banks, was $1,093,000,000, an i n c r e a s e of $71,000,000 compared With the preceding"week and a decrease of $509,000,000 compared with the corresponding week i n 1929. On December 3 t o t a l r e s e r v e bank c r e d i t amounted to $1,108*000,000, an i n c r e a s e of $80,000,000 f o r the week. This i n c r e a s e corresponds with i n c r e a s e s of $50,000,000 i n money i n c i r c u l a t i o n , $3.4,000,000 i n member bank r e s e r v e balances and $7,000,000in unexpended c a p i t a l f u n d s , etc*, and a decrease of $15,000,000 i n Treasury c u r r e n c y , o f f s e t i n p a r t by an i n c r e a s e of $6,000,000 i n monetary gold stock. Holdings of discounted b i l l s i n c r e a s e d $17,000,000 during t h e week, tlje p r i n c i p a l changes b e i n g i n c r e a s e s of $9,000,000 a t the Federal Reserve Bank of New York, $6,000,000 a t San Francisco and $3,000,000 each a t Cleveland and A t l a n t a , and a decrease of $4,000,000 a t Richmond* The System's holdings of b i l l s bought i n open market i n c r e a s e d $43,000,000, of U. St bonds $9»000,000 and of Treasury c e r t i f i c a t e s and b i l l s $8,000*000, While holdings of Treasury notes declined $11,000,000. Changes i n the amount of r e s e r v e bank c r e d i t outstanding and i n r e l a t e d items during the week and the year ending December 3 , 1930, were a s f o l l o w s : Dec* 3 1930 I n c r e a s e or decrease since Nov. 26 Dec. 4 1930 .1629- ( 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 r e s e r v e bank c r e d i t TOTAL RESERVE BANK CREDIT Monetary gold s t o c k Treasury currency a d j u s t e d 251 219602 36 + + + + 17 43 6 14 1,103 4,572 1,772 + + 80 6 15 Money i n c i r c u l a t i o n 4,615 Member bank r e s e r v e balances 2,424 Unexpended c a p i t a l funds.nonmember d e p o s i t s , e t c . 413 - + 4- + 50 l4 7 - — ' + - 4- — + - 621 38 247 a 433 203 9 251 23 10 Released f o r p o o l i c a t i o n Friday morning, December 5>1930; not e a r l i e r . S t . 6313a RESOURCES A3TD Lt/SILTTISS OF THE TWELVE FEDERAL i*E5JRV3 BAFKS COMBHED (In thousands of d o l l a r s ) Dec. 3. 1930 Hov. 26.1930 Dec. 4.1929 1,538,506 36,833 1,625»339 1,625,339 486,843 895,309 3,007,491 137,312 1,592,506 35,085 1,627,591 474,745 922,634 1,642,065 76 , 287 1,718,352 550,717 723,397 3,024,970 138,832 2,992,966 145,782 Total r e s e r v e s . . . . 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 discounted 3,144,803 61,565 3,163,802 6l,210 3,138,748 79,883 93,371 157,556 87,419 146,433 424,932 447,373 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 no tes C e r t i f i c a t e s and b i l l s 250,927 218,937 233,852 176,106 872,310 256,51s 54,363 247,269 300,060 45,742 258,151 291,741 37,955 183,413 133,776 Total U.S.Government s e c u r i t i e Other s e c u r i t i e s 602,192 6,358 595,634 6,343 355,144 18,69s 1,078,414 2,652 571 = 488 15,250 59,704 191861 l,oll,94o 707 531,631 14,067 59:702 24,388 1,502,670 724 661,650 28,268 59,171 11,928 4,953,737 4,867,447 5,483,042 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 - r e s e r v e account . . . Government Foreign bank ; Other d e p o s i t s 1,450,89s 1,421,868 1,938,470 2,423,932 41,935 6,152 20,248 2,409,929 29,384 5,377 18,723 2,401,001 25,346 5.774 20,562 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 . . . . . . Surplus All other l i a b i l i t i e s . . . 2,492,267 544,819 170,591 276,936 18,22b 2,463,413 516,493 170,468 276,936 18,269 2,452,683 623,940 168,388 254,398 45,163 4,953,737 4,867,447 5,483,042 RESOURCES Gold with Federal r e s e r v e agents . . . . Gold redemption f u n d with U. S. Treasury Gold h e l d e x c l u s i v e l y a g a i n s t F.R,notes Gold s e t t l e m e n t fund with F. R, Board G-old and gold c e r t i f i c a t e s h e l d "by "banks Total gold r e s e r v e s . . . . . Reserves other than gold . . . . . . 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 o t h e r banks Bank premises A l l other r e s o u r c e s . . . . TOTAL RESOURCES . . . . L I A B I L I T I E S TOTAL LIABILITIES . . . . Ratio of t o t a l r e s e r v e s t o d e p o s i t and F. R. note l i a b i l i t i e s combined . . . 79-8# 81.4# 71.5* 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 . . . . . . 425,826 428,938 505*490 RESOURCES Total RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH DECEMBER 3, 1930 ( i n thousands of d o l l a r s ) S t . 6813b Boston Mew York E h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. Dallas San Fran. SSI G °F? R ? 1 n o t e s 1 U S 1 V 6 l y a ^ainst £ld ^rgo^rLrUf/hSd^y Total gold r e s e r v e s Reserves other than gold Total r e s e r v e s Non-reserve cash Secured by U.S.Govt. o b l i g a t i o n s nt^AT. t i l l * dienmmtAd 1,625,339 151,500 369,861 i 4 l , 3 5 0 . 1 8 3 , 5 8 5 66,836 112,316 174,142 76,864 895:309 37:339 5 6 1 : # 1 : 2 8 7 E'Ml ^ 7 ^ 9 6 136:737 % \ 5 1 5 3,007,491 212,429 1,054,770 220,817 296,851 93,974 132,082 384,101 120,250 137,312 10,695 35,4l5 8,269 9,l64 6,781 9,026 18,151 10,0l6 3,144,803 223,124 1,090,185 229,086 306,015 100,755 i 4 i , 1 0 8 402,252 130,266 61,565 8,932 15,653 3,077 3,959 2,4o6 3,7%9 8,827 3,876 8,946 12,203 19,704 l4.3l7 8,l66 17,019 722 32,263 9,084 1 2,075 66,470 28,167 206,836 ^1519 11:017 2 4 : 2 4 ! 66,8% 95,%52 52,351 277,565 4,262 7,463 8,020—10,050— 7 i . u i 102,915 60,371 287,615 1,319 1.509 2,817 5.W1 250,927 218,937 14,036 17,776 46,965 68,668 21,149 3,300 34,021 20,877 25,185 11,152 32,985 12,795 21,159 23,779 54,863 247,269 300,060 2,096 18,943 26,276 7,466 74,64o 110,264 1,750 23,047 28,733 1,653 30,009 27,758 1,658 6,780 9,4IO 203 4,618 2,966 a , 843 25,761 35,749 591 10,508 3,052 5,186 10,683 10,568 895 12,042 16,705 10,589 8,084 11,215 933 22,154 17,364 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 602,192 6,358 47,315 1,000 192,370 4,250 53,530 1,000 59,420 17,848 7,787 83,353 14,151 26,437 108 29,642 29,888 4o,45l i,078,4l4 2,652 571,488 15,250 59,704 19,g6l 80,127 l42 64,432 2bj 3,580 513 312,253 1,407 154,081 3 »6i6 15,664 6,710 78,979 11%,318 54,185 186 19 2 81 53,173 53,762 44,350 307 891 1 ,o4s 2,6l4 7,066 3,339 299 l,24l 976 22,438 24.527 47,4i2 ffotal 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 "bills TOTAL RESOURCES 7,Obi 6.Q75 l : % 5,208 8,574 13,782 8,337 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 U n c o l l e c t e d items Fe Re notes of other,"banks Bank premises A l l other r e s o u r c e s 93,371 1^7.^6 * • % - - - - 53,567 128,291 25 257 16,389 65,464 1,035 2,570 2,658 8,295 4,0&7 102 - 36,270 69 23,463 1*3^9 3,811 2,379 764 3,034 3,798 6,519 3,ol7 1 2,755 16,372 8,208 1'389 o,l46 7,535 6,561 ^,272 7,668 13,9%0 30,965 — — 36,862 54,222 43,$84 %% 58 58 11,853 31,293 20,596 710 1,^35 309 2,018 3,972 1,877 %35 • 63% 583 85,356 133 32,632 ^->733 4,810 1,322 4,953,737 381,097 1,599,569 367,721 487,444 207,l4o 222,598 616,658 201,483 124,352 196,038 130,595 4i9,o42 L I A B I L I T I E S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS 'OH DECEMBER, 1930 ( I n thousands of d o l l a r s ) S t . 6813c Total Boston Hew York F h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1,450,898 130,568 271,472 124,816 189,992 78,182 125,065 l4l,o4o 84,373 49,510 67,765 32,610 155,505 F.R.notes i n a c t u a l c i r c u l a t i o n Deposits: 2,423,932 Member "bank - reserve account Government deposits 41,935 6,152 Foreign bank 20,248 Other d e p o s i t s 2,492,267 Total deposits 544,819 Deferred a v a i l a b i l i t y items C a p i t a l p a i d in 170,591 Surplus 276,936 18,226 All o t h e r l i a b i l i t i e s TOTAL LIABILITIES 4,953,737 Reserve r a t i o (per c e n t ) 79.8 Contingent l i a b i l i t y on b i l l s p u r chased f o r f o r e i g n correspondents 425,826 Federal r e s e r v e n o t e s : I s s u e d to F,R.,bank by F.R.Agent Held by Federal reserve 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 notes issued to 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 i n open market C e r t i f i c a t e s and b i l l s Municipal warrants 147,721 1,013,238 145,511 191,967 63,842 4,082 11,042 4,944 3,468 3,519 4n 2,4a6 538 555 466 2,519 8,350 152,426 1,035,056 151,459 198,509 64,105 140,808 47,196 52,517 11,874 66,233 16,789 15,913 80,001 26,965 29,I4I 21,751 4o6 1,372 373 5,999 381,097 1,599,569 367,721 487,444 78.8 83.4 82.9 78.8 212 31,499 l4o,206 41,289 233 122 67,716 41,951 5,780 12,496 1,015 207,i4o 69.1 42,566 17,878 59,435 346,472 71,224 51,690 84,702 3,741 1,810 2,217 678 924 200 128 200 744 167 422 160 851 371 51 63,536 349,877 74,063 53,113 85,598 15,596 63,042 25,554 10,647 28,678 5,354 20,154 5,251 3,060 4,314 10,857 40,094 10,877 7,143 9,162 2,451 2,190 521 1,365 879 222,598 616,658 201,483 124,352 196,038 82.2 74.8 81.9 67.1 69.3 15,324 57,039 15,324 9,790 59,073 189,057 3,422 2,088 167 .383 23 6,701 62,685 198,229 21,320 33,405 4,353 11,516 8,935 19,514 6g2_ 873 130,595 419,042 63.4 8I.3 12,770 12,770 29,371 FEDERAL RESERVE NOTE STUTEMMT 1,874,572 166,190 423,674 35,622 4io,563 144,628 224,932 96,180 153,2 512,250 35,300 1,076,256 I l 4 , 6 l 7 407,749 29,293 1,996,255 179,210 277,010 39,500 15,550 5,150 7,100 78,626 100,100 165,000 60,000 102,900 85,4%9 18,613 47,328 34,378 44,432 441,085 158,213 227,878 99,528 154,432 183,471 92,965 53,878 77,886 38,137 232,513 42,431 8,592 4,368 l o , i a 139,091 19,812 34,940 17,998 28 5,527 77,008 1,450,898 1 3 0 , 5 6 8 2 7 1 , 4 7 2 124,816 189,992 78,182 125,065 l4l,o4o 84,373 49,510 67,765 32,610 155,505 Total Within 15 days 250,927 218,937 167,328 84,859 72,765 300,060 108 30,000 11,445 11,895 - 14,300 MATURITY DISTRIBUTION OF BILLS AtJD SHORT TERM SECURITIES 91 days to l 6 to 30 days 31 to 60 days 6 l to 90 days 6 months 23,983 51,691 28,745 68,277 ~ 74 65,000 i43,ooo 63,800 34,700 65,000 12,750 135,763 4o,33o 20,523 8,915 23,398 12,936 42,154 213,330 95,768 55,510 88,398 39,986 242,917 19,230 l4,062 38,707 10 10,701 48 24 Over 6 months 940 188,588
@FedFRASER