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STATEMENT FOB THE PRESS Released f o r p u b l i c a t i o n ' F r i d a y morning, J a n . 17; not e a r l i e r . S t . 6458 F e d e r a l Reserve Board J a n u a r y l 6 , 1930. CONDITIO!! OF FEDERAL RESERVE BAtTKS The c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n of t h e Federal r e s e r v e hanks on January 15, made p u b l i c hy t h e F e d e r a l Reserve Board, shows d e c r e a s e s f o r the week of $125,300,000 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 and of $5,800,000 i n U. S. s e c u r i t i e s , and an i n c r e a s e of $4,200,000 i n b i l l s bought i n open mark e t . Member bank r e s e r v e d e p o s i t s d e c l i n e d $9,600,000, Government d e p o s i t s $7,300,000 and F e d 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 $54,500,000, while cash r e s e r v e s i n c r e a s e d $49,400,000. T o t a l b i l l s and s e c u r i t i e s were $124,700,000 below the amount r e p o r t e d a week ago. A l l F e d e r a l r e s e r v e banks r e p o r t e d r e d u c t i o n s i n h o l d i n g s of b i l l s d i s counted, t h e p r i n c i p a l d e c l i n e s b e i n g $60,500,000 a t t h e F e d e r a l Reserve Bank of Hew York, $19,800,000 a t San F r a n c i s c o , $10,100,000 a t Chicago, $7,500,000 a t Kansas City and $6,900,000 a t P h i l a d e l p h i a . The System's h o l d i n g s of b i l l s bought i n open market i n c r e a s e d $4,200,000 and of Treasury c e r t i f i c a t e s and b i l l s $1,300,000, while h o l d i n g s of U. S. bonds d e c l i n e d $2,700,000 and of Treasury n o t e s $4,400,000. F e d 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 was $54,500,000 l e s s than a week ago, a l l of the F e d e r a l Reserve banks except P h i l a d e l p h i a r e p o r t i n g d e c r e a s e s f o r the week, t h e l a r g e s t d e c l i n e s b e i n g : Hew York $13,100,000, Boston $9,400,000, San F r a n c i s c o $7,400,000, and Chicago $5,700,000. 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, t o g e t h e r with changes d u r i n g t h e week and t h e y e a r ending J a n u a r y 15, 1930, follows: I n c r e a s e or decrease s i n c e J a n . 15.1930 J a n . 8.1930 J a n . 16.1929 ( i n thousands of d o l l a r s ) Total reserves . Gold r e s e r v e s . . . 3,154,517 2,961,052 + 49,387 + 31,705 +' 3 b l , 8 8 2 + 330,482 T ot al b i l l s and s e c u r i t i e s 1,259,623 - 124,701 - 291,608 442,336 235,064 207,272 - 125,279 - 84,153 - 4-1,126 - 379,488 290,671 88,817 B i l l s bpught i n open market 323,347 + - 157,892 U.S. Government s e c u r i t i e s , t o t a l . . 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 . . . . . . 479,060 69,629 176,223 233,208 5,782 2,675 4,4-01 + ,1,294 + 240,717 + 16,950 + 53,745 + 170,022 + 85,069 - 68,703 56,903 8,962 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 . 4,180 Federal 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 . 1,782,371 - Total deposits 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 . . . . 2,403,879 2,357,650 16,573 - 18,420 - 9,600 7,298 54,483 I Released, f o r p u b l i c a t i o n F r i d a y morning, January 17,1930; n o t e a r l i e r . S t . 6458a RESOURCES AitiD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAIKS COMBINED ( I n thousands of d o l l a r s ) J a n . 15.1930 J a n . 8.1910 J a n . iG.iqzq 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 1,690,579 1,685,479 73,787 1,196,417 68,979 Gold held, 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 with F. R. Board . Gold 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 o t h e r than gold 1,752,506 558,243 650,303 2,961,052 193,465 1,265,396 704,819 660,355 2,630,570 162,065 T o ta l r e s e r v e s . . . . . . Hon-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 d i s c o u n t e d 3,154,517 34,466 1,759,266 534,305 635,776 2,929,347 175,783 3,105,130 85,674 T o tal "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 Certificates aad'Mlls . . . . 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 61,627 235,064 207,272 319,217 248,398 442,336 323,347 567,615 319,167 69,629 176,223 233,208 479,060 i 4 ,001 1,259,623 725 744,923 53,149 12,263 2,792,635 96,532 525,735 296,089 821,824 481,239 5,314,666 72,304 52,679 180,624 122,478 231,914 63,186 484,842 233,343 12,700 9,825 1,384,324 1,551,231 724 731 674,493-73.1 793,508 58,149 58,591 11,788 7,740 5,320,282 5,300,968 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 1,782,371 1,336,854 1,697,302 2,357,650 16,573 7,011 22,645 2,367,250 23,871 6,o48 25,130 2,414,553 25,535 7,233 25,211 T o ta l d e p o s i t s . Deferred a v a i l a b i l i t y items . . . Capital paid in Surplus . . . . A l l other l i a b i l i t i e s . . . . . . 2,403,379 665,037 171,107 276,936 15,336 5,314,666 2,422,299 598,980 170,367 276,936 14,846 2,472,532 713,457 147,856 254,39s 15,373 5,300,96s 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 col l e cte d items Bank premises All other resources TOTAL RESOURCES L I A B I L I T I E S TOTAL LIABILITIES . . . 5,320,282 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 . . , 75.4$ 72.9^ Contingent l i a b i l i t y on b i l l s purchased for f o r e i g n correspondents 527,435 527,816 67.0# 332,338 RESOURCES MD LIABILITIES OP THE FEDERAL RESERVE BAMS OK JANUARY 15, 1930 St. 64521) ( i n thousands of d o l l a r s ) Total Boston New York F n i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve Agents 1,690,879 219,917 238,594 129,000 130,900 7 1 , 1 1 4 , 1 3 0 . 289,5b4 80,730 65,157 80,000 34,723'236,763 Gold redemption fund with U.S.Treasury 61,627 1,808 16,634 4,86o 4,4-93 2,460 3,089 11,420 1,734 3,970 3>24l 1,459 6,459 RESOURCES 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 l,752,506 221,725 Gold settlement fund with F.R.Board 558,243 6,492 Gold and gold c e r t i f . h e l d by hanks 650,303 34,923 Total gold r e s e r v e s 2,961,052 263,l4o Reserves other than gold 193,465 22,452 3,154,517 285,592 Total r e s e r v e s 84,466 11,708 Non-reserve cash B i l l s discounted: 235,064 9,478 Secured by U.S.Govt, o b l i g a t i o n s 207,272 9,702 Other "bills discounted Tptal "bills 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 and "bills 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 "bills and s e c u r i t i e s Dae from foreign "banks Uncollected items Bank premises All other resources TOTAL RESOURCES 442,336 323,347 19,180 17,876 255,228 133,86o 135,393 73,861 117,219 300,984 82,464 69,127 83,241 36,182 243,222 223,801 24,634 66,44i 11,438 7,962 78,837 29,oo4 13,743 49,720 13,957 32,214 379,362 43,583 46,689 12,327 3,76l 73,993 7,147 5,087 7,289 9,o4o 27,102 858,391 202,077 248,523 97,626 122,942 453,814 118,615 87,957 140,250 59,179 302,538 8,136 5,085 12,187 57,883 17,352 12,881 8,290 17,558 17,801 10,007 3,833 916,274 219,429 261,4o4 105,916 146,500 471,615 128,622 91,790 148,386 64,264 314,725 16,092 5,353 4,734 10,527 2,570 5,017 7,527 5,506 5,850 7,783 1,799 51,593 19,033 1,259,623 64,929 53 ,1 7 2 5 744,923 72,634 58,149 3,580 12,263 93 48,789 28,880 70,626 49,817 77,669 150,704 8,585 19,334 69,629 3,676 11,383 176,223 6,306 93,259 233,208 16,891 108,539 479,060 26,873 14,880 1,000 24,252 25,565 213,181 9,850 3,076 59,439 9,032 20,886 29,808 27,426 9,838 6,610 632 10,284 3,606 15,527 4,238 29,918 32,884 86,865 i6,44g 11,736 18,699 32,235 12,701 7,4l4 3,579 9,366 5,072 10,863 25,811. 12,945 15,935 1,919 10,054 32,090 3,792 . 4,151 14,067 12,400 25,039 13,715 3,483 1,521 4,898 82 3,378 5,373 25,680 1,821 12,219 10,481 6,964 32,657 5,977 5,729 5,065 263 2,800 9,584 6,000 10,600 10,051 1,216 42,898 1,000 9,902 8,833 70,556 1,500 19,266 30 16,771 3,063 25,635 30,266 1,500 — - - 444,361 102,300 128,769 51,556 6o,4i6 191,156 48,445 28,423 24l 2 6 2 6 72 70 96 17 30 212,233 62,661 70,595 55,068 23,238 91,793 33,677 14,554 15,664 2,018 1,762 2,658 8,295 3,811 3,194 7,058 4gs 3,868 1 , 0 6 0 3,887 363 157 703 705 - - 11,816 - 30,793 48,634 59,841 22 22 50 39,190 27,697 41,583 1,876 4,261 3,972 169 370 390 5,314,666 438,589 ]L , 6 0 8 , 7 3 3 391,732 :474,464 222,317 241,459 774,187 222,727 139,099 225,102 147,900 428,357 L I A B I L I T I E S F.R.notes in actual circulation Deposits: Member "bank - r e s e r v e account Government Foreign bank Other d e p o s i t s 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 in Sul p l u s ^ 1] o t h e r l i a b i l i t i e s RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BASKS Oltf JAEJARY 15, 1930 S t . 6458c ( i n thousands of d o l l a r s ) Total Boston Hew York P h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Xans.Cy. Dallas San Fran. 1,782,371 183,635 294,91+1 156,045 180,744 86,373 133,286 239,607 90,283 64,884 85,257 42,301 175,015 2,357,650 149,076 16,573 1,081 7,011 4o6 22,645 203 : 2,4o3,879 150,766 gs E8 WWKJ wo.* v-t. uvy o x V*. JU _L V i l L F-.P.notes r e c ' d from Comptroller F . R . n o t e s h e l d by F. R. Agent F . R . n o t e s i s s u e d t o F.R.Bank 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 g o l d c e r t i f i c a t e s Sold f u n d — 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 w a r r a n t s 179,113 6 4 , n 4 65,080 336,164 79,666 50,132 90,286 63,470 176,252 1,242 2,494 1,726 2,200 1,511 1,038 1,107 1,079 1,522 549 230 198 735 197 126 165 165 379 1,159 152 139 1,160 322 234 97 88 7,695 182,063 66,990 67,143 340,259 81,696 51,530 91,655 64,802 185,848 S ? 8:8 I S 1:S S S 26,730 35,848 4,429 H , 4 i 3 21 'h1 80,001 20,965 29, i 4 i 12,496 10,857 40,094 10,877 7,143 9,162 8,935 19,514 1 ^,33o 173 4,0o3 29s 1,336 968 1,899 2,430 1,421 836 490 703 719 0 2 ^38,589 1,608,733 391,732 474,464 222,317 241,459 774,187 222,727 139,099 225,1 147,900 428,357 75.4 85.4 71.6 75.0 72.1 69.1 73.1 74.9 74.8 78.8 60.0 83.9 87.2 527,435 39,270 171,352 51,476 53,068 22,283 19,104 71,110 i g , i o 4 12,206 15,920 15,920 36,617 TOTAL LIABILITIES Reserve r a t i o ( p e r c e n t ) Contingent l i a b i l i t y on b i l l s p u r chase u. f o r f o r e i g n c o r r e s p o n d e n t s i 1 .?.,notes on hand ( n o t e s r e c ' d from I \ R . Agent l e s s n o t e s i n c i r c u l a t i o n ) 432,402 ^ 969,547 134,750 479 1,094 3,329 532 11,353 43 984,708 136,419 63,513 3,515,476 343,098 1,250,703 95,950 2,264,773 247,148 114,210 21,303 28,860 17,708 31,850 73,280 18,ll4 7,499 13,089 8,592 84,384 FEDERAL RESERVE MOTE ACCOUNTS OF FEDERAL RESERVE AGMTS 890,961 217,648 296,234 165,747 266,4o4 515,027 132,267 121,845 133,7 81 6,6 170 360,499 481,810 4q,300 86,680 61,666 101,268 152,200 24,470 49,462 35,520 20,277 101,100 409,151 177,348 209,604 104,031 165,136 362,887 103,397 72,383 98,34650,893 259,399 413,959 35,300 229,908 39,900 10,900 l 6 , 4 o i 7,43o 7,630 14,157 17,223 35,000 1,276,920 184,617 8,b2b 89,100 120,000 55,ooo 106,650 239,564 73,ioo 51,000 80,000 17,500 201,763 7 3 M 2 7 36,979 207,095 50,861 91,652 40,074 5i,4oi 118,346 28-,34T\ 11,419 27,507 22,959 47,787 2 , 4 ^ t 8 o 6 256,896 445,629 179,861 222,552 111,475 165,531 4 o s , 4 l o 109,^77) 76,576 107,507 57,682 284,5 S HMnTTDTnrv nTrinnrrmrnT^T — 7 / MATURITY DISTRIBUTION OF BILLS MD SHORT TERM SECURITIES Total Within 15 days l6 to 30 days 31 t o 60 days 6l to 90 days ^ ' 91 days to Over 6 months 442,336 686 323,348 233,208 190 26,864 61,450 79,747 64,957 30 30 %-M y f:f
@FedFRASER