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Released, f o r publication Friday morning, July 12; not e a r l i e r . STAT3MEKT FOE TEG PRESS St. 6259 Federal Reserve Board, J u ^ 11, 1929 CONDITIO# OF FfiDERAL RESERVE BAMS The consolidated statement of condition of the Federal reserve "banks on July 10, made public by the Federal Reserve Board* shows an increase for the week of $15,000,000 in total "bills and securities,/inBrease of $28,000,000 in holdings of discounted "bills "being partly offset by\decrsases of $7,900,000 in "bills "bought in open market and of $5,200,000 in U, & Government securities. Member bank reserve deposits declined $77,300,000, while Government deposits increased $4,200,000, Federal reserve note circulation $96,700,000 and cash reserves $20,700,000. Holdings of discounted "bills increased $l4,100,000 a t the Federal Be serve Bank of New York, $5,900,000 at Chicago, $5,200,000 a t Boston, $4, 500,000 at Dallas and $28,000,000 a t a l l Federal reserve banks. The System's holdings of b i l l s bought in open market declined $7,900,000, of Treasury notes $3,000,000 of Treasury c e r t i f i c a t e s $1,700*000 and of U. S. bonds $600,000. Federal reserve note circulation increased during the week a t a l l Federal reserve banks, the usual post-holiday return flow of currency being more than offset by issuance of the new small-size notes. The Federal Reserve Bank of Chicago reported an increase in note circulation of $26,800,000 and the other Federal reserve banks increases ranging from $4,300,000 at Philadelphia and Minneapolis to $8,309,000 a t Atlanta. A summary of the principal assets 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 July 10, 1929, follows: Increase or decrease since July 10, 1929 July 1. 1S2A July 11.1928 (in thousands of dollars) Total reserves . Gold reserves . . . . 3,062,039 2,901,817 + 20,740 + 35,477 + 306,941 . . 1,365,826 + 14,974 - 129,339 B i l l s discounted, t o t a l . . . . . . Secured by U.S.Govt, obligations . Other b i l l s discounted 1,153,041 + 27,953 + 63,773 » 12,53*+ - 126,755 — 121,666 Total b i l l s and securities . . . . Bills bought in open market . . 650,390 502,651 + 40,492 . 65,976 - 7,946 U. S. government securities, t o t a l . Bonds Treasury notes . . . . Certificates of indebtedness . . . 136,144 - 5,238 - 1,697 Federal reserve notes in circulation , Total deposits . . . . . Members1 reserve deposits Government deposits 1. T 42,668 82,816 + 314,802 - 62,982 - 81,§21 578 - 2,963 - 1,833,004 + 96,745 + 192,854 2,359,711 2,302,874 27,555 - 78,237 - 77,291 + 4,182 - >7,730 10,660 18,300 4,QO4 - 58,417 - 62,522 + 15,325 Released f o r publication Friday morning, %i( 1929; not e a r l i e r . St.6259a RESOURCES AHD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) July 10. 1929 RESOURCES Gold with Federal reserve agents . . . Gold redemption fund with U.S.Treasury Gold held exclusively against F.R.not Gold settlement fund with F. R. Board Gold and gold c e r t i f i c a t e s held by "bank Total gold reserves Reserves other than gold . . . . . . . Total reserves . . Eon-reserve cash . . . . . . B i l l s discounted: Sec, by U. S. Government obligations Other "bills discounted Total "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 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 . . Due from foreign banks Uncollected items . . , Bank premises . . . All other resources . , TOTAL RESOURCES . . . . L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account . Government . . Foreign bank . . . Other deposits . . . . . . . . Total daaagsits Doferredayailability items Capital paid in . . . . . Surplus All other l i a b i l i t i e s . TOTAL LIABILITIES July 3. 1929 July 11.1928 1,439, 492 82,335 1,380,112 67,828 1,161,160 67,361 1,521,827 1,447,940 1,228,521 600,666 669,696 666,960 779,32% 2,901,817 748.704 2,866,340 699,395 2,594,876 160,222 174,959 152,361 71,099 3,041,299 55,912 2,747,237 63,113 650,390 609,898 713.372 375,896 1,089,268 187,642 60,968 10.665 43,246 85,779 12,357 141,382 10.465 1,365,826 1,350,852 1,495,165 729 716,451 58,614 7,710 810,892 58,614 8,132 728 , 571 687,818 5,282,468 5,326,429 8,563 5,062,523 1,833,004 1,736,259 1,640,150 2,302,874 2,380,165 2,365,396 3,062,039 502,651 1,153,041 65,976 42,668 82,816 10,660 136,144 27,555 5,567 22,715 2.359,711 649,848 158,797 254,398 26,710 5,282,468 515,185 1,125,083 73,922 23,373 6,128 28,282 2,437,948 712,989 158,585 254,398 26,250 5,326,429 87,720 69,077 217,765 320 60,056 12,230 9,476 20,339 2,407,44i 619,630 143,221 233,319 18,762 5,062,523 Ratio 6f t o t a l reserves to deposit and F. R. noto l i a b i l i t i e s combined . . . 73.056 72.9$ 67.9# Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . , . . . 440,592 428,711 310,888 T. MD LI6BILITIZS'XDF; THF FEDERAL EESERTETMUES OK JXJLT Mkfc-1989' -• —~ St 6?<m (in thousands of dollars) (Total Boston Hew York Phi l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve Agents 1,439,492 103,501 165,729 131,973 155,387 52,629 94,689 329,747 27,343 67,715 6l,44o 34,388 214,951 Gold redemption fund with U.S.Treas. 82,335 7,312 21,882 10,227 ^,769 3,699 3,790 10,934 6,631 1,627 6,249 2,168 3,047 Gold held exclusively against RESOURCES J r R. notes 1,521,827 110,813 187,611 142,200 160,156 56,328 98,479 340,681 33,974 69,342 67,689 36,556 217,998 k i:%i £% %-m, Total fiOld reserves 2,901,817 203,732 Reserves other than gold 1601222 ^ Total reserves 3,062,039 213,611 Non-reserve cash 71,099 8,581 B i l l s discounted: Secured ty U.S.Govt, obligations 650,390 38,931 Other b i l l s discounted 502,651 50,366 Total b i l l s discounted 1,153,041 89,297 B i l l s bou^it in open market 65,976 9,824 U. S. Government s e c u r i t i e s : Bonds 42,668 689 82,816 1,523 Treasury notes Certificates of indebtedness 10,660 1,055 Total U. S. Govt, securities 136,144 3,267 Other securities 10,665 Total b i l l s and securities 1,365,826 102,388 DOB from foreign banks 729 54 ^collected items Bank premises All other resources TOTAL RESOURCES 716,451 72,472 58,614 7,710 3,702 66 806,503 213,506 293,026 8 1 , 2 * 121,6l4 532,357 76,998 94,981 120,154 66,672 291,050 70,965 7.889 8.958 5.170' 8.524 17.76? 7.472 2.59? v m n s.nnfi 1? pnk 877,468 221,395 301,984 86,394 130,13s 550,120 84,470 97,573 123,954 71,678 303,254 22,253 1,674 3,32s 4,711 . 6,230 7,889 4,24O 1,629 2,183 3,599 4,782 317,145 42,116 55,384 20,560 10,425 81,299 23,986 • 8,966 11,711 8,808 31,059 122,175 32,341. 34,216 35,149 58,506 58,222 27,272 5,946 27,311 17,028 3%. 119 439,320 74,457 89,600 55,709 68,931 139,521 51,258 14,912 39,022 25*836 65,178 15,032 5,723 3,687 2,178 5,236 8,125 187 1,500 1,874 5,505 7,105 155 13,902 1,520 585 548 8,835 26,816 1 7,038 15,577 16,458 27,365 2,815 300 1,152 657 1,809 24 19,937 7,125 3,037 3,142 6,500 35 990 3,096 24,069 13,625 mm Km 3.844 12 8,431 3.850 7,813 65 3,223 11,337 9 11,045 11,402 1.500 1.250 / 950 . - 472,744 96,938 120,652 59,696 77,263 171,715 65,070 28,693 42,396 43,636 84,635 221 70 74 l4 28 100 29 18 24 24 53 198,501 57,298 64,772 49,549 21,875 90,573 31,527 15,693 45,378 26,884 41,929 16,08? 9 53 1,762 242 6,535 1,150 3.395 428 2.744 2,128 8,529 679 3,969 357 2,110 621 Ci4o 245 1)922 433 3:719 408 5,282,468 400,874 1,588,227 379,379 498,495 204,207 240,436 829,605 189,662 146,337 218,320 l4s,176 438,780 . LIABILITIES F» R. notes in actual circulation Deposits: Member "bank - reserve account Government Foreign tank Other deposits RESG UECES""j5ffD"XTj£BH,rTi2,^ 'OF 5ES FSLSEAL ESSIBVE £A^S:XK jaLI iO,- 2S£3-.v ;. , -. (in thousands of dollars) Total Boston New York Ehila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1,833,004 154,352 2,302,874 141,233 27,555 5,5&7 23,715 2,571 415 129 Total deposits 2,359,711 Deferred a v a i l a b i l i t y items 649,s4s Capital paid in 158,797 Surplus 254,398 All other l i a b i l i t i e s 26,710 TOTAL LIABILITIES 5,282,468 Reserve r a t i o (per cent) 73.0 Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 440,592 IF,R.notes on hand (notes ree'd from F.R.Agent l e s s notes in circulation) 526,528 144,348 70,289 10,393 19,619 1,873 4oo,874 C - J - W JL-tV U C O KILS. XiCUXU. V US5 D X VA 71.5 ^ 68.7 29,934 1,020 539 17a 131,671 50,412 15,575 24,101 1,701 379,379 ~ ~ 77.0 181,91.3 1,476 572 1,321 185,282 59,52s 15,139 26,345 2,613 498,495 76.5 61,945 2,246 258 117 64,566 45,127 6,176 12,199 1,422 204,207 62.1 6l, 512 335,686 76,329 3,626 858 1,243 219 76s 224 103 2,263 238 65,460 339,575 78,034 20,404 79,4o4 31,769 5,409 19,749 5,383 10,554 36,442 10,820 2,162 4,835 1,600 24o,4o6 829,605 189,662 64.5 79.8 60.3 50,680 85,946 1,474 2,353 l4o 185 239 153 52,533 88,637 13,257 38,381 3,071 4,296 7,082 9,086 1,003 1,068 146,337 218,320 80.0 58,708 173,278 2,904 4,120 I85 4o4 55 7,704 61,852 185,506 26,495 4o,ois 4,451 11,325 8,690 17,978 723 1,255 148,176 438 7so 74.9 66.5 82.4 32,120 138,057 41,669 44,273 19,967 16,928 59,465 17,362 10,851 14,324 i4,324 31,252 30,406 208,255 36,054 25,401 18,846 31,082 53,169 15,421 3,831,317 276,948 1,471,785 92,190 F.R._notes issued to F.R. Bank Collateral held as security 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 redemption fund Gold fund - F. R. Board Eligible paper Total c o l l a t e r a l 2,359,532 154,758 rr? 3,664 1,658 11,215 962,247 174,764 57,830 71,282 6,455 1,588,227 X * W i U F.R.notes r e e ' d from Comptroller F.R.notes held by F.R. Agent B i l l s discounted B i l l s boug&t in open market Certificates of indebtedness : 5u.nicipal warrants 315.649 155,919 209,588 7^,517 136,417 3^9,600 62,056 69,391 76,852 45,965 182,698 356,395 35,300 98,685 10,201 984,412 58,000 1,170,445 99,006 2,609,937 202,507 Total FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 928,649 240,793 327,559 194,747 307,919 64I,O49 124,687 154,961 151,716 82,354 399,935 404,745 48,820 92,570 101,384 l40,420 238,280 47,210 78,074 63,030 22,342 142,720 523,904 191,973 234,989 93,363 167,499 402,769 77,477 76,887 88,686 60,012 257,215 151,880 13,849 425,143 590,872 30,000 10,816 91,157 b6,6ll 198,584 4l,S00 13,587 100,000 93,122 248,509 16,190 9,500 7,800 4,439 9,189 2,747 2,543 32,000 76,000 327,000 17,000 53,938 74,028 147,337 51,328 106,567 168,717 477,084 78,671 14,167 14,758 35,000 2,548 6,080 5,630 17,056 51,000 55,360 14,000 162,895 16,352 40.779 31.265 71.516 84,067 102,219 65,653 286,487 MATURITY DISTRIBUTION OF BILLS, CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS 91 days to Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 6 months Over 6 months 9 '300 7,496 11,834 14,047 74,517 i f *-* mti 11% VI 706 240
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