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STATEMENT FOR.THE PRESS Released f o r p u b l i c a t i o n Friday morning, Feb. 7; not e a r l i e r . St. 6477 Federal Reserve Board February 6, 1930. CONDITI01T OF FEDERAL RESERVE BAMS The consolidated statement of condition of the Federal reserve banks on February 5, made p u b l i c by the Federal Reserve Board, shows a decrease f o r the week of $25,500,000 in holdings of discounted b i l l s and i n c r e a s e s of $37,300,000 in holdings of b i l l s bought in open market and $1,300,000 i n . United S t a t e s s e c u r i t i e s . Member bank reserve d e p o s i t s increased $30,900,000, while Government deposits declined $9,500,000, Federal reserve note c i r c u l a tion $18,400,000 and cash r e s e r v e s $11,900,000. Total b i l l s and s e c u r i t i e s were $12,900,000 above the amount reported a jreek ago. The p r i n c i p a l changes in holdings of discounted b i l l s Sere decreases of $10,400,000 a t the Federal Reserve Bank of Hew York, $3,700,000 &t Boston, $3,500,000 a t Cleveland and $3,200*000 a t Richmond. The System^e holdings of b i l l s bought in open market increased $37,300,000, of Treasury notes $1,000,000, of Treasury c e r t i f i c a t e s and b i l l s $200,000 and of United States bonds $100,000. Federal reserve note c i r c u l a t i o n declined $15,500,000 during the week at the Federal Reserve Bank of New York, $5,100,000 a t Cleveland and $1,500,000 each a t Boston and P h i l a d e l p h i a , and increased $3,600,000 a t Atlanta and $1,700,000 a t Chicago. A summary of 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 s e r v e banks, together with changes during the week and the year ending February 5, 1930, follows: Increase or decrease since Feb. 5. 1930 Jan. 29.1930 Feb. 6.1929 (In thousands of d o l l a r s ) Total reserves Gold r e s e r v e s 3,176,435 Total b i l l s and s e c u r i t i e s 1,167,237 2,976,563 B i l l s discounted, t o t a l . . . . . Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted . . . . . B i l l s bought i n open market . . . 381,422 197.922 • 183,4g4 — - + - 295,791 + 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 and b i l l s . . . . . 477 844 69,679 171,226 + + Federal reserve notes i n c i r c u l a t i o n 1,683,481 Total deposits . . . . Members' reserve d e p o s i t s Government d e p o s i t s , 2,389,301 2,338,854 25,552 C . . . . 236,939 4- + - + + - 11,921 8,649 12,858 25,519 22,384 3,135 37,319 + + 345,830 312,643 - 304,290 — 470,199 341,534 - 128,665 - 114,951 1,308 109 974 225 + + 277,755 18,064 73,357 186,334 18,420 + 37,173 20,288 30,906 9,523 — + 4- 48,839 + 47,430 1,510 Released, f o r publication, Friday morning, February 7,1930; not e a r l i e r . St. 6477,a RESOURCES AHD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( i n thousands of d o l l a r s ) Feb. 5.1950 RESOURCE S Gold with Federal r e s e r v e agents . . . . Gold redemption fund with U.S. Treasury. Gold held exclusively a g a i n s t 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 r e s e r v e s . . . . . . . Reserves other than gold . 1,646,264 58,258 1,704,522 661,780 610,2ol 2,976,563 199,872 Jan. 29.1950 Feb. 6.1929 1,192,665 1,654,164 58,258 1,712,422 645,447 627,343 1,257,027 74,988 86,458 220,312 539,462 312,159 64,362 747,771 659,122 2,985,212 2,663,920 203,144 166,685 3,188,356 2,830,605 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 . 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 notes . . C e r t i f i c a t e s and b i l l s . 3,176,435 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 . . 477,844 12,ISO 1,167,237 722 594,47S 58,267 13,479 1,154,379 721 573,020 12,810 9,075 1,471,527 731 646,528 58,622 7,674 5,079,762 5,062,534 5,102,145 . . . 1,683,481 1,701,901 1,646,308 . . . 2,338,854 25,552 2,307,948 2,386,284 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 . . . . . 69,144 197,928 183,494 381,422 295,791 69,679 171,226 236,939 186,629 4O6,94I 851,621 252,472 4io,742 69,570 51,615 97,869 170,252 236,714 476,536 12,430 52,260 50,605 200,089 L I A B I L I T I E S 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 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 . . . . . . TOTAL LIABILITIES . . . . . . . . . 5,669 19,226 2,389,301 542,446 171,547 276,936 16,051 5,079,762 24,042 35,075 5,718 5,876 20,272 21,938 2,369,013 2,43S,I4O 527,238 596,735 171,416 149,565 276,936 254,398 16,030 16,999 5,062,534 5,102,145 Ratio of t o t a l r e s e r v e s to deposit and F. R. note l i a b i l i t i e s combined . . 78.0$ 78.3# 69.3# 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 . . . . . 526,924 535,229 306,111 RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BANKS ON FEBRUARY 5, 1930 ( i n thousands of d o l l a r s ) Total Boston New York Phi l a . Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Gold with Federal Reserve Agents 1,646,264 189,917 232,594 120,000 138,750 71,401 113,350 309,564 77,045 61,15? 80,000 Gold redemption fund with U.S.Treasury 58,258 1,808 lb,254 4,b00 4,313 2,l4p 2,500 11,280 1,734 3,970 1,74-1 Gold held e x c l u s i v e l y against • F. R. notes 1,704,522 191,725 254,848 124,600 i4-3,o63 73,541 115,250 320,844 78,779 65,127 81,74-1 Gold settlement fund with F.R.Board 66l,780 34,310 269,317 29,331 77,64-0 17,566 12,569 85,666 23,391 13,767 42,729 Gold and gold c e r t i f . held by tanks 6 i o , 2 6 l 26,4g4 359,762 36,84-1 39,467 12,l46 4,994 73,594 s.o48 5.465 7.545 St, 6477b RESOURCES 31,182 223,222 16,647 38,84-7 : 9.225 ; 26.680 Total gold reserves Reserves other than gold 2,976,563 252,529 260,170 103,253 133,4l3 480,104 110,218 20,181 l 4 , 3 2 2 9,127 16,900 18,393 11,837 84,359 132,015 57,054 288,749 4,202 8,671 6,092 11,856 Total reserves 3on-reserve cash B i l l s discounted: Secured "by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted Total b i l l s discounted B i l l s bought in open market U. So 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 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 210,953 274,492 112,380 150,313 498,497 122,055 14,200 4,230 5,655 5,094 4,44o 8,030 2,058 197,922 11,920 36,793 23,209 31,459 5,375 2,669 49,427 7,222 183,494 10,8b7 17,927 25,769 23,368 17,136 23,252 25,372 6,443 381,422 22,787 ; 54,720 48,978 54,827 22,511 26,527 74,799 14,325 295,791 13,768 109,563 9,926 27,312 12,979 18,878 29,337 16,012 69,679 3,676 11,383 3,792 4,151 3,483 21 25,680 1,221 171,226 6,324 88,240 14,067 12,400 1,521 3,372 12,219 10,481 236,939 16,891 112,317 25,039 13,715 4,292 5,473 32,507 6,964 477,244 26,391 211,940 42,292 30,266 9,902 2,872 70,4O6 19,266 12,120 1,000 7,150 1,000 1,500 1,500 30 1,167,237 64,446 323,373 102,202 113,905 45,392 54,277 176,04-2 49,633 88,561 14o,686 63,146 300,605 1,435 2,383 4,022 5,579 2,457 14,896 552 11,283 2,170 15,269 9,439 5,876 2,722 26,552 11,296 20,772 46i 12,72s 35,032 9,795 Total b i l l s aad s e c u r i t i e s Due from f o r e i g n banks Uncollected items Bank premises All other resources TOTAL RESOURCES c. 199,872 22,6l8 ,176,435 275,147 69,144 5,902 883,927 190,772 Dallas San Fran* 29,723 216,763 1,4-59 6,4-59 55,673 939,600 —• 722 59^,478 JO 127 26 4,004 695 367 30,076 22 34,955 3,972 234 50,259 22 - 67,620 410,123 1,762 96 29,4l2 17 10,942 - 11,816 5,079.762 407,598 1,517,523 372,135 459,258 210,130 232,147 763,049 211,902 132,934 212,322 143,969 15,664 4,109 26 - 25,635 1,077 l6o,399 52,131 72 30 57,6o3 43,332 7,052 3,194 1,073 702 - 3,063 50 31,506 4,379 324 13,4-79 238 5,068 16,889 9,584 263 6,000 10,600 2,800 10,051 1,216 23,501 1,876 58,267 53 58,372 3,580 98 ~ 6,028 5,733 22,429 71,344 27,952 2,658 2,295 3,211 2,018 543 I I AB I L I IBS RESOURCES AND LIABILITIES OF THE 'FEDERAL "RESERVE B:AEKSr-GE--$@S'0ARY 5 , 1930 (In thousands of dollars) P.E.notes in actual circulation 1 M 3 M 1 Deposits: Member bank — reserve account Government Foreign bank Other deposits Total deposits 2,389,301 Deferred a v a i l a b i l i t y items 542,446 Capital paid in 171,547 a Surplus " 276,936 All other l i a b i l i t i e s 16,051 TOTAL LIABILITIES 5 '°2'?2 Reserve ratio (per cent) /o.u Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 5'<26,924 F.R.notes —W W ~ on hand (notes Uly orec'd A ' U.from ± ±' ULij. F.R.Agent l e s s notes in circulation)372,319 " S $ 7 5 ite'gos 1 7 % 1 % %932 lk 78,215 " I f l:p 'lilVVsfs _J:fi t &g 5 % is f&- i 207 264 F.R,notes rec'd from Comptroller F.R.notes held by F. R. A^ent 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 and b i l l s Municipal warrants i,34l 48,895 829 84,i4i 1,012 FEDERAL RESERVE 30TE ACCOUNTS OF FEDERAL RESERVE AGES'TS 29 ' 6 5 0 1 59,709 271,473 544,362 128,131 118,478 1,403,314 125,850 539,699 4o,300 87,280 61,066 113,370 194,500 24,220 50,462 135,066 42,120 2,055,800 209,674 330,280 167,217 207,350 98,6X3 158,103 349,862 103!911 68,'016 9£,'9K6 229,968 39,900 18,750 l b , 4 o i 7,100 7,945 8,626 80,100 120,000 55,000 106,250 309,564 69,100 154,137 55,201 76,976 35,255 44,922 103,927 30,229 2,300,790 226,393 392,731 175,201 215,726 106,656 158,272 413,491 107,274 421,744 35,300 154,617 654,526 36,476 Total 381,422 295,791 236,939 . 30 63,568 171,897 3,326 529 132 172 172 396 209 103 9,426 29 150,167 970,166 139,559 189,352 69,080 66,058 340,056 80,027 50,065 85,428 67,095 182,248 58,390 137,256 45,738 52,687 4o,258 21,752 65,530 27,715 31,007 22,44o 30,458 11,663 O7,4O5 16,507 15,807 6,052 5,4is 20,222 5,254 9,215 3,085 4,306 4 , 4 i 6 11,412 21,751 80,001 26,965 29,141 12,496 10,857 40,094 10,877 7,143 9,162 8,935 19,514 2o4 ^,130 458 1,378 qq^ l.q 7 R 2,6l3 1,437 S4l 4^3 732 I4L ^ I ' ? 8 1 ' 5 1 J ' 5 SC 3 372,135 459,85s 210,130 238,147 763,049 211,908 132,934 212,328 143,969 4io,123 of e 2 -7)1-7 -iC -1 76.5 74.7 76.1 74.8 75.9 78.6 '* 73.3 78.6 84.1 58.8 86.4 38,915 174,062 51,010 52,588 22,087 18,932 70,467 18,931 12,095 15,776 15,776 36,285 44,251 71,705 24,309 35,857 17,394 26,016 55,328 17,313 5,431 11,014 8,269 55,432 3,459,114 335,524 1,224,520 St. 6477c Dallas San Fran. 40,351 165,746 68,467 325,778 19,847 io4,6oo 1^620 221,'17s 14,157 17,223 35,000 47,000 80,000 12,500 181,763 12,242 26,704 24,433 54,024 73,399 106,704 54,156 270,787 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES days to Within 15 days l o to 30 days 31 to 60 days 6l to 90 days o months 275,883 28,299 42,472 25,415 8,071 146,963 69,096 60,674 18,651 407 130 76,531 95,346 ? 3o Over 6 months 1,282 64,932
@FedFRASER