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S M b m e j t For t h e p r e s s Released, f o r p u b l i c a t i o n Friday morning, Feb.. 21; not earlier,. gt. F e d e r a l Reserve Board February 20, 1930- CONDI Jiosr OF FSD3RAL RESERVE BAMS The c o n s o l i d a t e d statement of c o n d i t i o n of the F e d e r a l r e s e r v e banks on February 1$, made p u b l i c by t h e f e d e r a l Reserve Board, shows a decrease f o r the week of $5,000,000 i n holdiftgs of discounted b i l l s and an i n c r e a s e of $5,000,000 i n h o l d i n g s of b i l l s bought iri open market And of $2,100,000 in Government s e c u r i t i e s . Member bank r e s e r v e d e p o s i t s i n c r e a s e d , $7,800,000, Government d e p o s i t s $37,200,000 and cash r e s e r v e s $3,500,000, while Federal r e s e r v e n o t e c i r c u l a t i o n d e c l i n e d $26,300,000. Total b i l l s and s e c u r i t i e s ' were $5,100,000 above t h e amount r e p o r t e d a week ago. The p r i n c i p a l cnanges i n h o l d i n g s of d i s c o u n t e d b i l l s ftir the week were d e c r e a s e s of $11,900,000 a t t h e Federal Reserve Bank of Chicago, $7,100,000 a t Kansas City and $5,200,000 a t Cleveland, and i n c r e a s e s of $9>500,000 a t New York and $4,200,000 a t D a l l a s . The System's h o l d i n g s of b i l l s bought in open market i n c r e a s e d $5,000,000, of Treasury n o t e s $l4,400,00Q and of U. S. bonds $200,000, while h o l d i n g s of Treasury c e r t i f i c a t e s and b i l l s dec l i n e d $12,500,000. F e a e r a l r e s e r v e n o t e c i r c u l a t i o n d e c l i n e d $l4,500,000 d u r i n g t h e we6k a t t h e F e d e r a l Reserve Bank of Hew York, $6,500,000 a t San F r a n c i s c o and $5,100,000 a t Cleveland, and i n c r e a s e d $7,300,000 at D a l l a s . A summary of t h e 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 t h e r e s e r v e banks, t o g e t h e r with changes d u r i n g t h e week and the year ending February 19, 1930, follows: I n c r e a s e or decrease s i n c e Feb. 19. 1A30 Feb. 12.1930 Feb. 20. iq2q ( i n thousands of d o l l a r s ) Total r e s e r v e s Gold reserves 3,176,930 + 3,473 4* 2,977,51s + 2,540 + Total b i l l s and s e c u r i t i e s . . . . 1,152,895 + 5,057 - B i l l s discounted, t o t a l . . . . Sec. by U.S.Govt, o b l i g a t i o n s Other b i l l s d i s c o u n t e d . . . 376,943 204,930 172,013 - 4,971 7,720 + 2,749 - B i l l s bought i n open market . . 281,057 + 4,973 - U.S.Government s e c u r i t i e s , t o t a l 4S0,6l5 + 2,055 — - 200,532 210,313 - 12,473 + + + + F e d e r a l r e s e r v e n o t e s i n c i r c u l a t i o n 1,656,161 - 26,253 4- T ot al d e p o s i t s Members' r e s e r v e d e p o s i t s . . Government d e p o s i t s . . . . . + 927 + 7,753 + 37,244 - Bonds Treasury n o t e s . . . . . . . C e r t i f i c a t e s and b i l l s . . . C. 69,770 2,390,921 2,315,411 48,987 + 17s + 14,350 + + 337,069 296,408 250,385 488,037 313,341 174,696 74,579 308,026 18,178 105,388 184,460 4,566 29,900 3,233 33.S00 Released f o r p u b l i c a t i o n F r i d a y morning, February 21,1930; n o t e a r l i e r . St.6494a RESOURCES AST) LIABILITIES CI THE TWELVE mHRAL RESERVE 3AHS C0MBH2D ( i n thousands of d o l l a r s ) Feb. 19,1910 Feb. 12.1930 Feb.20.1929 RESOURCES Gold with F e d e r a l r e s e r v e a g e n t s . . . . . 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 . n o t e s Gold s e t t l e m e n t f u n d w i t h F. R. Board . . Gold and gold c e r t i f i c a t e s , h e l d "by "banks . 1,663,332 55,109 1, 7 l S , 4 4 l 627,763 631,3l4 1,646,634 57.558 1,704,192 664,423 606,363 1,207,199 bO,476 1,267,675 764,092 649,343 2,977,518 2,974,978 2,681,110 199,412 198,479 158,751 3,176,930 3,173,457 2,839,8&1 69,602 bS,03l 77,396 204,930 172,013 212,650 169,264 518,271 346,709 376,943 281,057 381,9l4 276,084 864,980 355,636 69,770 200,532 210,313 480,615 14,280 69,592 186,182 222,786 478,560 11,280 51,592 95,144 25,853 172,589 10,075 1,152,895 722 651,924 58;388 13,826 1,147,838 721 650,812 58,311 13*802 1,403,2S0 729 719,244 58,656 7,934 5,124,287 5,112,972 5,107,100 F. R. n o t e s 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*656,161 1,682(444 1,651,555 2,315,411 48,987 8,226 18,297 2,307,658 11,743 =6,305 *64,288 2,318,644 15,187 6,4%$ 20,715 T o tal d e p o s i t s Deferred a v a i l a b i l i t y i t e m s Capital paid in 2,390,921 611,818 171,591 *2,389,994 *575,596 171,434 2,361,021 671,503 • 150,196 5,124,287 5,112,972 5,107,100 Total gold r e s e r v e s Reserves o t h e r than g o l d . Total r e s e r v e s . . . . . . . ITon-reserve cash . . . B i l l s discounted: Sec4 by U.S. Government o b l i g a t i o n s Other " b i l l s d i s c o u n t e d . . Total "bills d i s c o u n t e d . . . . 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 " b i l l s . i t 1. . . . Total U;s*Government s e c u r i t i e s . 1 Other s e c u r i t i e s . . . . ^ . i i Total "bills and s e c u r i t i e s Due from f o r e i g n hanks . . i * . 4 Uncollected items Bank premises . i t . t A l l other r e s o u r c e s . < . > i . . i . * ^ . . .. J t i . 1 . j , : TOTAL RESOURCES L I A B I L I T I E S . . Surplus All other l i a b i l i t i e s TOTAL LIABILITIES . . . . . 276,936 l6,86o 276,936 16,568 254,398 18,387 R a t i o of t o t a l r e s e r v e s to d e p o s i t and . F. R. n o t e l i a b i l i t i e s combined . . . . 78.5% 77.9)6 70.8^ Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents . . . . . . 518,664 523,891 306,830 •Revised f i g u r e s . C. R V SOURCES RESOURCES AID LIABILITIES OF THE FEDERAL RESERVE BA'JKS OH FEBRUARY 19, 1930 Total Boston Gold with -Federal Heserye Agents l , o o 3 , 3 3 2 189,917 Sold redemption f u n d with q . S . T r e a s u r y : ^ , 109 1,725 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. n o t e s l , 7 1 S , 4 4 l 191,642 Hew York P h i l a . Cleve. 238,594 125,000 138,750 16,148 3.500 4,24? 254,742 128,500 142,997 Rich. A t l a n t a Chicago S t . L o u i s Minn. Xans.Cy. Dallas San Fran. 76,401 118,670 309,564 70,04$ 63,157 80,000 36,4?1 216,763 1.998 2,1*38 11.208 1,732 1,967 1,737 1,957 SM2 ! ' 78,399 121,108 320,772 71,777 65,124 81,737 38,428 223 215 »6$ Total %0ld r e s e r v e s Reserves o t h e r than gold 2,977,518 243,690 199,412 21,380 Total r e s e r v e s 3,176,930 265,070 S o n - r e s e r v e cash 69,602 6,435 - B i l l s disco-anted: Secured by U.S.Govt, o b l i g a t i o n s 204,930 12,055 other b i l l s discounted 172,013 11,234 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 : : Bonas = . ..... Total U.S.Govt, securities Other s e c u r i t i e s Total b i l l s and securities Dae from foreign banks Uncollected items s r s r s — roTAL r e s o u r c e s C S t . 6494b \-$ ^ 859,774 190,954 271,679 98,599 135,923 488,291 106,529 82,987 138,465 63,870 296,457 60,364 18,702 13,489 9,176 16,123 18,4o4 11,790 4,270 8,589 6,006 11,119 920,138 209,656 285,168 108,075 152,046 506,695 118,319 15,033 4,304 5,197 4,487 4,022 9,301 6,828 69,110 19,677 87,257 147,054 1,814 2,472 31,004 18,370 5,758 17,193 2,753 2Q,704 34,680 19,399 8,774 9,055 877 2,120 7,916 11,01b 1899 13J66 7 792 5*135 49,374 22,951 23,457 54,079 17,829 2,997 18,932 15,265 12,927 23,289 88,787 47,056 261,057 13,436 85,353 9,799 32,453 13,898 19,366 31,018 18,052 9,902 69,770 3,73S 11,615 3,858 6,029 , a ; 4so,6i5 27,442 14,280 1,000 65,167 722 53 6$1,924 64,286 1,152,895 " s 4,199 3,504 a 1,000 34 a ; 216,628 43,485 30,690 10,086 12,250 69,876 307,576 4,053 5,656 22,312 24,7#4 376,943 s : i g ^ - - 25,789 a 1,821 ° t : g - - 9,178 r g 8,788 71,474 19,266 17,037 - 91 13,969 33,715 5 t s 3,063 20,795 11,861 30 29,936 22,086 50,029 58,503 238 70 72 3p 26 97 26 l6 22 22 ' % 178,174 54,994 62,356 44,824 24,231 85,068 28,64l 12,024 38,738 26,022 32,566 403,023 101,3^0 .112,517 t a i s 46,935 3 -a 51,611 156,571 i s . 55,177 ' - a 5,124,2c7 4o4,65S 1,536,670 372,345 473,429 208,399 238,650 766,741 213,171 133,555 214,549 152,881 409,239 L I A3 I L I T I F.R.notes in actual 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 T o tal de-posits D e f e r r e d 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 RESOURCES SND LIABILITIES OF THE FEDERAL RESERVE BASKS CET FEBRUARY 19, 1930 (In thousands of d o l l a r s ) Total Boston Me?/ York P h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s 1,656,161 159,312 235,702143,695175,096 2,315>11 14-5,66*0 946,080 134,062 187,789 65,188 63,207 32,012 1,086 1,412 1,296 805 4,380 556 573 24i 206 7,606 87 715 131 193. 990,073 135,791 190,489 66,862 64,409 158,735 45,911 61,443 41,978 24,280 67,496 16,467 15,810 6,o46 5,419 80,001 26,965 29,141 12,496 10,857 4,658 516 1,450 1,018 1,976 4s,987 2,o4j 18,297 1 29 8,226 424 2,390,921 148,260 611,318 171,591 -276,936 16,860 63,516 11,606 21,751 213 79,999 131,709 295,62% 84,363 S t . 6494c Minn. ICans.Cy., D a l l a s San Fran. 60,874 79,664 47,670 161,949 323,692 78,208 49,996 85,175 63,631 172,723 5,130 1,089 1,215 1,459 133 1,303 206 768 172 132 172 396 344 247 44 8.063 635 9JL 330,225 80,120 51,561 86,661 63,980 182,485 77,84o 30,560 10,081 34,296 27,083 33,155 2o,2o4 4,433 1 1 , 4 i 4 5,275 3,091 4,330 4o,094 10,877 7,143- 9,162 8,935 19,514 2,750 1,476 865 436 780 722 TOTAL LIABILITIES 5,124,287 4O4,65S 1,536,670 372,345 473;429 208,399 238,650 766,74l 213,171 133,555 214,549 152,881 409,239 Reserve r a t i o (per c e n t ) 78.5 S6_-2 88.4 62.6 78.0 81.0 75-1 75*0 73.6 71.7 77.6 89.3 77-5 Contingent l i a b i l i t y on b i l l s p u r 171,440 50,195 51,747 21,734 18,629 69,341 18,629 11,902 15,524 15,524 35,706 chased f o r f o r e i g n c o r r e s p o n d e n t s 518,664 38,293 F . H , n o t e s on hand ( n o t e s r e c ' d from F.R, Agent l e s s n o t e s i n c i r c u l a t i o n ) 4 l O , 2 1 9 43,142 84,235 27,84s 34,224 22,796 28,693 47,856 17,180 10,270 11,118 16,398 66,459 FEDI31AL RESERVE NOTE ACCOUNTS OF FEDERAL RESIRVE AGffiTTS F . R . n o t e s r e c ' d from Comptroller 3,449,193 331,904 547,012 212,843 295,100 153,709 267,127 556,484 125,663 115,926 133,902 78,315 331,208 1,382,813 129,450 F . R . n o t e s h e l d by F. R. Agent 527,075 4I,3qo 85,780 50,914 106,725 213,000 23,620 44,782 43,120 14,247 102,800 F . R . n o t e s i s s u e d to F.R.Bank 2,066,380 202,454 319,937 171,543 209,320 102,795 160,402 343,484 102,o43 71,144 90,782 64,06s 22s,4o6 C o l l a t e r a l h e l d as s e c u r i t y f o r F . R . n o t e s i s s u e d to F.R.Bank: Gold and gold c e r t i f i c a t e s 418,112 35,300 229,963 39,900 18,750 l6,4oi 5,220 15,471 35,000 7,945 14,157 Gold f u n u - F. R. Board 3,626 85,100 120,000 60,000 113,450 309,564 62,100 49,000 80,000 21,000 181,763 1,245,220 154,617 E l i g i b l e ' paper 621,869 36,647 149,210 52,424 77,768 36,727 42,052 84,913 35,470 12,564 18,647 29,020 46,427 Total c o l l a t e r a l 2,285,201 226,564 337,804 177,424 216,518 113,12s 160,722 394,477 105,515 75,721 98,647 65,491 263,190 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days t o T o t a l Within 15 days l b to 30 days Over 6 months 31 to 60 days b l to 90 days 6 months 284,6o4 B i l l s discounted 24,845 376,943 6,811 22,191 2,129 36,363 281,057 150,444 62,413" B i l l s b o u h t i n open market 8,123 178 59,899 C e r t i f i c a t e s and b i l l s 210,313 ^61,102 64,186 85,025 I &.~0D0 Municipal w a r r a n t s 30 30 4Tn
@FedFRASER