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Released f o r publication Friday morning, Feb& 1; not e a r l i e r . STAT3MTT FOR THE PRESS St, 6078 Federal Reserve Board* January 3^» 1929 CONDITION OF FEDERAL RESERVE SINKS The consolidated statement of condition of the Federal reserve "banks on January 30, made public by the Federal Reserve Board* shows ah increase for the week of $38,500,000 i n holdings of discounted b i l l s and decreases of $18,600,000 in b i l l s bought i n open market and of $300,000 in Government sec u r i t i e s . Member bank reserve deposits increased $32,100,000, Government deposits $5,900,000, and cash reserves $21,700,000, v&ile Federal reserve note c i r c u l a t i o n declined $15,500,000, Total b i l l s and s e c u r i t i e s Wei's $19)600,000 above the amount held on January 23* The principal changes in holdings of discounted b i l l s f o r the Week were increases of $59,800,000 at the Federal Reserve Bank of New York and of $8,700,000 at Boston, and decreases of $18,000,000 at Chicago, of $ 6 , 1 0 0 000 at St. Louis, of $2,900,000 at Minneapolis, and of $2,700,000 at Cleveland. The System's holdings of b i l l s bought in open market declined $18,600.000 and of U. S. bonds and Treasury c e r t i f i c a t e s $700,000 each, While holdings of Treasury notes increased $1,200,000* All the Federal reserve banks except Philadelphia reported declines in Federal reserve note c i r c u l a t i o n for the week, the principal changes being decreases of $5,400,000 at Chicago, $2,700,000 at New York and $2,100,000 at San Francisco and an increase of $4,000,000 at Philadelphia. A summary of the principal a s s e t s 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 January 30, 1929, f o l l o w s : Jan.30.1929 Increase or decrease since Jan.23.1929 Feb.1.1928 (in thousands of dollars) Total reserves Gold reserves . 2,835,197 2,667,184 +21,667 + 19,094 -135,433 -131,794 Total b i l l s and s e c u r i t i e s . . . . . 1,467,039 + 19,64s +232,053 820,634 523,778 296,856 + 38,520 + 52,335 - 13,815 +397 202 +227*250 +169,'952 discounted, t o t a l Secured by U.S.Govt, obligations Other b i l l s discounted B i l l s bought in open market . . . 435,609 - 18,609 + 58,216 U.S.Government s e c u r i t i e s , t o t a l . ®onds • • • ; 201 r 771 51,599 - 263 7U5 -231 890 -'10:302 1,645,494 : - S'o? 15,473 Z'M'Jjl + 68^509 2,437,097 2,390,947 18,036 + 40,007 + 32,086 + 5,948 - 14,805 - 13 726 - 5 970 C=rti£!ateseof Federal reserve notes in c i r c u l a t i o n 3Bot S1 d e p 0 ® i t s • Members' reserve deposits . . . Government deposits Released for ^publication Friday morning, February 1, 1929; not e a r l i e r . St.6078a RESOURCES AHD LIABILITIES OF THE TWELVE FEDERAL B1S3RVE BASE'S COMBINED (in thousands of dollars) RESOURCES Gold with Federal reserve agents . . . . Gold redemption fund with U.S.Treasury . Gold held exclusively against F.R.note Jan.30,1929 Jan.23.1929 Feb.l, 1928 1,223,392 70,648 1,294,040 1,419,336 46.973 1,466,309 670,984 2,648,090 l65,44o 683,066 697,839 634,830 2.798,978 171,652 2.813,530 96,488 2.970,630 84,434 471,443 310,671 296,528 126,904 Total b i l l s discounted 523,778 296,856 820,634 782,114 423,432 B i l l s bought in open market 435.609 454,218 377.393 51.599 99.572 50.600 52,344 98,333 51,307 61,901 233,082 138,678 201,771 202,034 433,661 9,025 1.467.039 9,025 1,447,391 500 1,234,986 730 731 631,465 to 700,026 58,60^/ 58,606 8,m 8,421 568 621,207 58,755 10,455 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 Non-reserve cash B i l l s discounted: Sec. "by u. S. Government obligations . Other b i l l s discounted 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 Dae from f o r e i g n banks Uncollected items Bank premises A l l other resources TOTAL RESOURCES 1,207,793 66.686 1,274,479 725,160 66 "7,545 2,667,184 168,013 2,835,197 91,881 5,093,730 5,125,193 4.981,035 1,645,494 1,660,967 1.576,985 2,390,947 18,036 6,903 21,211 2,437,097 2.358.861 12,088 6,762 , 19,379 2.397,090 2.4o4,673 24,006 5,045 18.178 2.451,902 L I A B I L I T I E S F. R. notes in actual circulation 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 •ill other l i a b i l i t i e s . . . TOTAL LIABILITIES 648,570 591,235 148,810 11/ 148, >56 2 5 4 , 3 9 3 ^ 254,398 • 16,#6 15,812 5,093,730 5,125,193 573.990 134,440 233,319 10.399 4.981.035 Ratio of total reserves to deposit and F, R. note l i a b i l i t i e s combined . . , 69.4# 69.3# 73.7# Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents * . . . , 317,774 325,443 237.364 ff. * B if e n , , , , ™ , RSSOURCES RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANES ON JANUARY 30, 1929 (In thousands of d o l l a r s ) St. 6078b SB Gold held e x c l u s i v e l y against ~ —— a a g j a ' A W s - R S £a a s « Total gold reserves Reserves other than gold Total reserves Bill^discounted* Total b i l l s discounted B i l l s bou^it i n open market U. S. Government s e c u r i t i e s ; *«**»... Total U.S.Govt, s e c u r i t i e s ( pther 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 E E S * SOTAL RESOURCES c. 1 5 l g I S g g gg %: jg 15 2 , 6 6 7 , 1 8 4 131,73? 168,013 l 9 , l 4 l 958,273 173,008 257,392 40,212 9 . 4 l l 11,830 80,132 102,254 428,047 10.821 11.619 16.891 69,573 18.705 75,712 109,094 2.844 6,199 56,253 225,709 7 . 4 4 l 12,895 2,835,197 150,878 998,485 182,419 269,222 90,955 113,873 444,940 88,278 78,556 115,293 63,694 238,604 8 4,443 1,395 3,690 35,796 8,455 10,455 16,973 19,937 7,989 7,954 35,880 35,880 - 7,125 l l , 562 2,355 21,042 -- 89,656 216,833 65,293 4,519 4,618 1,770 10,907 10,907 775 775 39,110 g&g 820,634 435,609 10,2 °5 73,598 63,180 1:1 201,771 2x225 'Gil °°9 2,380 5 '765 »013 k S1 > 5 8,369 ws s-s %% %*>:::: ^ 212,908 115,440 70,481 70,591 39,483 22,915 39,995 19,579 1,384 12,682 12,121 585 10,307 10,555 548 28,53O 3,884 1,152 1,062 1,213 29 3,558 1,288 26,187 = — 21,447 -- 32,962 - 3,427 -- 4,875 -- 354,535 n 4 , 8 4 3 l 4 3 , 5 4 8 62,489 60,564 137,689 24,217 43,264 : 2,200 8,191 = 70_ i f 1,175 - *1 i s 249 1,172 Ug4 1,399 805 W5 9,763 1,500 50,761 1:1 " i « ^50 868 5,597 ^ »-*? % % i h % § 1 : 1 1:1 i - j 1 ; 1 j l j;§| i,467,039 l44,969 I f 35, 323 9,988 6,000 17,102 750 59,2 3 4 125,768 r i Cgg lt$18 5,093,730 371,216 l , 5 7 5 , 0 6 0 354,271 488,218 215,639 234,210 757,146 190,826 133,650 208,577 154,111 4l0,S06 V L I A B I L I T I E S FoR.notes in actual circulation 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 TOTAL LIABILITIES EE SOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS QKT JANUARY 30 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago 1,645,494 132,057 319,820 130,310 199,193 77,150 127,196 275,171 2,390,947 146,617 963,955 134,252 183,537 70,082 66,261 349,665 12,036 7ig 2,079 800 1,624 2,423 2,192 2,016 6,903 460 2,574 596 634 286 242 85I 21,211 gg 8,686 71 1,221 80 87 821 2,437,097 147,884 977,294 135,719 187,016 72,871 68,782 353,353 591,235 60,574 150,394 49,081 59,499 46,044 21,167 70,672 148,810 v 10,165 51,870 14,536 14,561 6,166 5,258 18,589 254,322, 19,619 71,282 24,101 26,345 12,399 10,554 36,442 lb.,696 917 4,4oo 524 i.6o4 1,000 1,253 2,919 Eeserve ratio (per cent) Contingent l i a b i l i t y on b i l l s purcnased for foreign correspondents 317,774 F.-R.notes on hand (notes rec'd from F.R.Agent l e s s notes in circulation) 433,672 F.R.notes rec'd from Comptroller 1-'»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 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 B i l l s discounted S i l l s bought in open market C e r t i f i c a t e s of indebtedness C. " a r s r i r 175,742 2,233 4% Q.xn 187,733 36,047 10,680 17,978 / t&li xr & - s r I r a S 96,059 30,538 32,446 L4,633 12,406 43,580 12,724 7,952 10,497 10,497 26,714 127,279 50,491 33,010 21,890 31,493 33,730 12,422 8,112 9,883 10 121 35,300 10,699 8,000 ,21" 136.702 2,425,750 190,701 Total 820,634 435,609 50,600 82,907 51,463 94,110 72,356 i,4i4 736 686 1,115 248 155 205 205 50_ -251 212 26 84,919 52,611 95,213 73,702 28,442 10,047 33,359 25,909 5,4i4 3,028 4,235 4,308 10,820 7,082 9,086 8,690 1.175 912 619 R4Q 23,539 2,941,893 862,727 360,145 90,l44 757,504 1929 St. 6078c ' St.Louis Minn. Kans.Cy. Dallas San Fran. 60,056 59,970 66,065 40,962 157,544 22,903 68,527 320,671 94.600 226,071 171,880 15,392 55,000 511,848 50,000 6,690 27,350 7,500 14,167 12,258 35,000 10,424 12,021 6,813 7,210 1,907 1,943 1,318 3,851 2,926 15,64o 97,777 75,000 39,000 40,200 231,000 21,000 31,000 51,360 4,000 io4,167 78.546 110.351 55.0, , 84.4^7 ,, ,180,700 .w. 44.206 27.118 ,160 4-5.194 106.620 554,120 186,747 247,374 107,576 159,197 413,607 74,649 73,603 94,371 62,378 261,427 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS Within 15 days 91 days to 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months 677,446 37,802 51,437 42,387 9,454 2,108 133,502 95,602 156,122 46,947 3,436 23,073 1,049 6,594 19,884
@FedFRASER