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STATEMENT FOR 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 . 31; not e a r l i e r . S t . 6471 F e d e r a l R e s e r v e Board Jatf&ary 30, 1930,. CCBJDITKB OF F3DERAL RESERVE BA2TXS 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 F e d e r a l r e s e r v e hanks on J a n u a r y 29, made p u b l i c "by t h e F e d e r a l R e s e r v e Board, shows d e c r e a s e s f o r t h e week of $ 2 6 , 3 0 0 , 0 0 0 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 $391900>000 i n b i l l s b o u g h t i n open m a r k e t . Member b a n k r e s e r v e d e p o s i t s d e c l i n e d $51,900,000 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 $ 3 7 , 3 0 0 , 0 0 0 , w h i l e Government d e p o s i t s i n c r e a s e d $^9,000,000 and c a s h r e s e r v e s $ 1 6 , 8 0 0 , 0 0 0 . T o t a l b i l l s and s e c u r i t i e s were $ 5 8 , ^ 0 0 , 0 0 0 helow t h e amount r e p o r t e d a week a g o . The p r i n c i p a l c h a n g e s 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 were d e c r e a s e s of $ 2 4 , 6 0 0 , 0 0 0 a t t h e F e d e r a l R e s e r v e Bank of Mew York and $ 7 , 2 0 0 , 0 0 0 a t C l e v e l a n d , and i n c r e a s e s of $ 4 , 0 0 0 , 0 0 0 a t Boston and $ 3 , 9 0 0 , 0 0 0 a t Chicago. The S y s t e m ' s h o l d i n g s of b i l l s b o u g h t i n open market d e c r e a s e d $39>900,000, w h i l e o n l y small changes o c c u r r e d i n t h e h o l d i n g s of the v a r i o u s c l a s s e s of U n i t e d S t a t e s s e c u rities. 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 $ 3 7 , 3 0 0 , 0 0 0 l e s s t h a n a week a g o , a l l of t h e F e d e r a l r e s e r v e banks e x c e p t C l e v e l a n d r e p o r t i n g d e c r e a s e s f o r t h e week. The p r i n c i p a l d e c r e a s e s by F e d e r a l r e s e r v e d i s t r i c t s were $ 1 2 , 3 0 0 , 0 0 0 a t Hew York, $ 5 , 7 0 0 , 0 0 0 a t Chicago, $ 4 , 9 0 0 , 0 0 0 a t San F r a n c i s c o , $ 3 , 3 0 0 , 0 0 0 a t A t l a n t a and $ 3 , 1 0 0 , 0 0 0 a t B o s t o n . A summary of t h e p r i n c i p a l a s s e t s a n d l i a b i l i t i e s of t h e r e s e r v e h a n k s , t o g e t h e r w i t h changes d u r i n g t h e week and t h e y e a r e n d i n g J a n u a r y 29, 1930, follows: I n c r e a s e or d e c r e a s e s i n c e J a n . 29.1390 J a n . 22. 1930 J a n . 30.1929 ( i n t h o u s a n d s of d o l l a r s ) Total r e s e r v e s Gold r e s e r v e s 3,188,356 2,955,212 + + Total b i l l s and s e c u r i t i e s 1,154,379 - B i l l s discounted, total Secured by U . S . G o v t , 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 . . . . . . 4o6,94i B i l l s b o u g h t i n open market 253,472 . .... 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 220,312 186,629 476,536 69,570 170,252 - - — 4- Federal reserve notes in c i r c u l a t i o n . 1,701,901 - 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 '. . . . . . . . 2,369,013 C. 9,997 68,425 + + 353,159 318,028 - 312,660 26,282 — 236,714 2,307,94s 35,075 16,838 19,082 7,200 39,917 413,693 - - 177,137 274,765 17,971 70,680 126 4o 39 + 125 + + 186,114 37,340 + 56,407 + 68,084 45,965 - 303 > 466 110,227 51,853 9,OO4 + 82,999 17,039 R e l e a s e d f o r p u b l i c a t i o n F r i d a y morning, J a n u a r y 3 1 , 1 9 3 0 ; n o t e a r l i e r . S t . 6471a RESOURCES A13 LIABILITIES OF THE TWELVE FEDERAL R.S3VE 3HKS COMBINED ( i n t h o u s a n d s of d o l l a r s ) RESOURCES ^^^1230 £ ^ > 2 ^ JaruJO^ Gold with Federal reserve agents u-olo. redemption fund with U. S. Treasury , 1,o54,1o4 58,258 1,6S0 0l4 59,758 1 207 793 ' 66'686 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 P. R. Board . . Gold and g o l d c e r t i f i c a t e s h e l d by hanks . 1,712,422 645,447 627,343 1,739,772 608*940 626!503 1,274,479 '725*160 2,985,212 2,975,215 2,667,184 -203,144 196,303 l6S,013 3,188,356 3,171,518 2,835,197 Total gold reserves Reserves other than gold Total reserves don-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 . l ° £ § o m s discounted B i l l s bought in open market U. S. Government s e c u r i t i e s : Bonas Certmca^seLd'bhis' ) ) ) . ' ) ) Total b i l l s and s e c u r i t i e s 74,988 76,354 220,312 186,629 23Q 3q4 193)329 4o6,94i 253,472 433,223 293)389 820,634 435)509 69,570 69,610 51,599 236)839 5o)6oo 476,536 12,430 476,662 14)530 201 771 9)025 1,154,379 1,222,804 1,467,039 ) ) T o t a l U . S . Government s e c u r i t i e s Other s e c u r i t i e s . . Due from f o r e i g n b a n k s Uncollected items Bank premises All other resources 91 881 ' 77ft 296)356 721 725 730 573,020 56,26o 6bO,3l6 58,213 631,465 5 S 607 12,810 TOTAL RESOURCES 667!545 12,231 g ,6ll 5,062,534 5,202,l6l 5,093,530 1,701,901 l,739,24l 1,645,494 Member b a n k - r e s e r v e account 2,307,948 2,359,801 2,390 947 lotal deposits 2,369,013 2,4l4,97S 2 , 4 3 7 097 527,238 584,189 591 235 5,062,534 5,202,l6l 5,093,530 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: S5^V:V::V:V:V:: J® J f j | . . Deferred a v a i l a b i l i t y items TOTAL LIABILITIES . . . . MMM R a t i o 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. n o t e l i a b i l i t i e s combined . . . . 78.3$ !&.% 69.4^ Contingent l i a b i l i t y on b i l l s p u r c h a s e d f o r foreign correspondents . . . . . . 535,229 530,600 317,774 C. R E S O U R C E S RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAITKS Oil JAHUARY 29, 1930 ( i n t h o u s a n d s of d o l l a r s ) T o t a l Boston Hew York P h i l a . CIeve. R i c h . A t l a n t a Chicago S t . L o u i s Gold with Federal Reserre Agents 1,654,164 189,917 Gold redemption fund with U.S.Treasury 58,258 1,808 Gold h e l d e x c l u s i v e l y a g a i n s t notes Gold settlement fund with F.R.Board Gold and gold c e r t i f . held by banks Total gold reserves Reserves other than gold F. R. Total reserves ITon-reserve c a s h B i l l s discounted: S e c u r e d by U . S . G o v t , 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 b i l l s discounted B i l l s b o u g h t 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 T o t a l U . S . Govt, s e c u r i t i e s Other s e c u r i t i e s T o t a l b i l l s and s e c u r i t i e s Dae f r o m f o r e i g n b a n k s Uncollected items Bank p r e m i s e s All other resources TOTAL RESOURCES c 1,712,422 191,725 645,447 25,132 627,343 28,712 2,985,212 245,569 203,144 23,201 3,188,356 268,770 74,988 • 6,418 220,312 186,629 12,851 13,605 4O6,94i 26,456 258,472 *16,443 69,570 170,252 3,676 6,324 236,714 16,891 476,536 26,891 12,430 1,000 1,154,379 70,790 721 53 573,020 57,796 58,260 3,580 121 12,810 238,594 120,000 l4l,750 lS,254 4,b00 4,313 71,401 116,250 309,564 79,045 2,1^ 2,500 11,280 1,734 S t . 6471b Minn. Kans.Cy. D a l l a s San F r a n . 6l,157 3,970 80,000 1,7^1 29,723 216,763 1,459 6,459 254,343 124,600 l46,o63 73,5^1 118,750 320,844 80,779 65,127 81,741 31,182 223,222 255,630 25 , 246 79,976 18,098 8,358 87,53 7 25,356 13,803 46,218 18,365 4l,728 376,630 4q,582 36,951 12,298 4,517 69,914 7,173 6,125 7,425 9,164 27,852 887,108 190,428 262,990 103,937 131,625 478,295 113,308 35,055 135,384 58,711 292,802 8,852 6,l6S 12,979 57,011 19,646 13,735 9,583 18,041 18,333 11,246 4,349 944,119 210,074 276,725 113,520 149,666 496,62s 124,554 89,4O4 144,236 64,879 305,781 15,590 3,597 5,537 5,699 5,303 8,720 3,797 1,705 2,623 5,338 5,606 4s,462 16,642 65,104 93,702 24,399 26,000 37,312 21,043 58,355 8,590 17,086 25,676 3,491 23,46s 22,026 10,755 26,959 I6,4O2 3,792 4,151 87,229 14,067 12,400 112,188 25,039 13,715 210,800 42,898 30,266 1,000 7,400 1,500 377,006 103,101 112,147 237 72 70 151,016 49,535 56,611 15,654 1,762 7,058 3,483 1,521 4,898 9,902 3,383 5,378 8,790 50,399 s,so4 11,383 4,052 5,052,534 407,528 1,507,684 174 1,080 51,032 8,101 6,966 77,555 15,067 24,326 13,006 26,523 29 25,680 12,254 32,512 1,821 10,481 6,964 1,344 3,873 5,217 8,032 5,971 5,730 5,062 11,069 13,867 24,936 6l6 3,202 10,459 9,126 8,430 12,328 10,642 18,889 33,718 9,584 263 2,800 3,063 6,000 10,600 10,051 1,216 25,635 11,816 211,926 134,504 212,013 142,534 412,346 70,446 19,266 16,763 1,500 30 46,333 52,151 173,827 47,369 30,012 28,615 43,605 64,423 22 22 26 26 17 50 96 30 43,595 19,620 71,575 27,005 10,820 32,312 21,353 31,731 2,65s 8,295 3,811 2,018 3,972 1,876 4,372 3,194 228 411 364 528 383 732 701 4,036 368,363 459,230 213,072 233,460 759,874 RESOURCES AMD LIABILITIES OP THE FEDERAL RESERVE BANKS ON JANUARY 29, 1930 St. 6471c (In thousands of d o l l a r s ) i'otal Boston New York P h i l a . Cleve. Rich. Atlanta Chica St.Louis Minn. Kans.Cy. Dallas San Fran. P.R.notes in a c t u a l c i r c u l a t i o n 1,701,901 166,958 87,450 62,749 81,492 Deposits: Member bank - reserve account 2,307,948 l 4 6 , 6 l S 931,816 133,555 180,681 64,903 63,703 335,034 78,554 49,834 87,082 64,564 171,604 Government k k 35,075 2,915 > 9) 1.283 1,647 5,493 3,776 3,212 1,709 1,735 1,653 2,992 4,167 Foreign bank 5,71s 4o6 2,030 532 549 230 19s 735 197 ' 126 165 165 379 Other d e p o s i t s 20,272 79 8,843 224 842 123 i46 600 269 272 158 21 8,695 Total deposits 2,369,013 150,018 947,13s 135,594 183,719 70,749 67,823 339,581 80,729 51,967 89,058 67,742 184,845 Deferred a v a i l a b i l i t y items 26,157 8,721 27,433 21,544 30,540 C a p i t a l paid in 5,254 3,082 4 , 3 0 7 4,415 H , 4 i 3 Surplus 10,877 7,143 9,162 8,935 19,514 All other l i a b i l i t i e s 16,030 252 ——y— ; 4,1^7 3Q3 l• 3 Q Q 993 1,943 2,616 o * + < £ puo idts 705 1,459 842 506 728 725 TOTAL LIABILITIES 3 28 1 , 5 , 84 3 78*3 ^4.'g SI S ^ ' ? ^,230 213,072 233,460 759,874 211,926 134,504 212,013 142,534 412,346 Reserve r a t i o (per c e n t ) 77.3 75.0 76.8 74.1 76.2 78.5 74.1 77-9 84.6 60.7 87.3 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 535,229 39,316 178,732 51,535 53,129 22,314 19,126 71,193 19,127 12,220 15,939 15,939 36,659 F.R.notes on hand "(notes r e c ' a from F . R . i g e n t l e s s notes i n c i r c u l a t i o n ) 3 9 5 , 1 7 8 51,523 70,140 23,960 30,197 15,931 30,425 62,311 17,363 7,118 L I A B I L I T I E S I I I I IS IS IS 23 si El F„R,notes r e c ' d from Comptroller F.R.notes h e l d by F. R. Agent F.R.notes issued t o F.R.Bank C o l l a t e r a l held as s e c u r i t y f o r 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 3,442,565 337,736 1,345,486 119,250 2,097,079 218,486 425,744 35,300 1,223,420 154,617 643,725 42,822 2,302,889 232,739 ^. ^JDERAL RSSZRVE HOTS ACCOUNTS OF FEDERAL RESERVE AGffiTTS 344,174 168,435 206,753 98,392 158,911 355,142 i o 4 , s i 3 69,867 12,884 94,376 8,490 64,831 » 47,660 2 3 ^ 7 0 " 229,96s 39,900 21,750 16,401 8,100 7.945 I 4 1 5 7 17,223 35,000 ,8,026 80,100 120,000 55,000 108,150 309,564 7 1 , 1 0 0 4 7 ,t 0 0 0 80,000 12,500 181,763 148,317 35,842 43,019 101,6S2 ni 1 56,059 p- 79,409 •' —' • , 2/,907 12,981 25,281 '-J,'-U1 cc,1_S82 poc 52^,404_22 2,464 ^00,911 170,099 221,159 107,243 159,269 411,246 107,012 74,13s 105,281 52,605 269 227 . - - S L.A.TU3ITY DISTRIBUTION OF BILLS MD SHORT TERM SECURITIES Total 91 days t o Within 15 days l 6 to 30 days 31 to 60 days 6 l t o 90 days 6 months 4O6,94I 304,177 26,116 41,030 25,263 9,368 258,472 119,202 48,576 67,917 22,085 639 236,714 76,517 95,342 30 30 Over 6 months 987 64,855
@FedFRASER