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STATEMENT FOR THE PRESS Released f o r publication Friday morning, July 25; not e a r l i e r St. 6661 Federal Reserve Board July 24, 1930 CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve tank c r e d i t outstanding during the week ending July2$, as reported by tiie Federal reserve "banks was $977,000,000, a decrease of $37,000,000 compared with the preceding week and of $361,000,000 compared with the corresponding week of 1929. On July 23 t o t a l reserve bank c r e d i t outstanding amounted to $946,000,000, a decrease of $$4,000,000 f o r the week, dhis decrease corresponds with a decline of $40,000,000 of money in circulation, and $28,000,000 in member bank reserve balances, o f f s e t in p a r t ty a decline of $17,000,000 in monetary gold stock. Holdings of discounted b i l l s declined.; $16,000,000 during the week, the p r i n c i p a l decreases of $7,000,000 and $5,000,000, being reported by the Federal Beaerve Banks of Cleveland and New York, respectively, Tie System's holdings of b i l l s bought in the open market declined $18,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $18,000,000, while holdings of Treasury notes increased $17,000,000. Changes in the amount of reserve bank c r e d i t outstanding and in r e l a t e d items during the week and the year ending July 23, 1930 were as follows: Increase or decrease since July 23 July 16 July 24 1930 1910 1Q29 (in millions of dollars) B i l l s discounted B i l l s bought United States s e c u r i t i e s Other reserve bank c r e d i t 191 151 576 29 16 18 1 18 - 873 + 81 + 430 - 22 946 4,523 1.793 5k 17 3 - 383 + 177 + 4 Money in c i r c u l a t i o n 4,407 Member bank reserve balances 2,432 Unexpended c a p i t a l funds,nonmember deposits, etc. 423 4o 28 5 - 297 + 75 + 20 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted Released f o r publication Friday morning, July 25,1930; not e a r l i e r . St. 666la RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) July 23.1930 July 16.1930 July 24.1929 RESOURCES # Gold with Federal reserve agents . . . . Gold redemption fund with U.S. Treasury . Gold held exclusively against 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 reserves Reserves other than gold Total reserves Non-reserve cash B i l l s discounted: Secured by U.S.Government obligations Other b i l l s discounted . . . . . . . . Total b i l l s 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 b i l l s . 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 F. R. notes of other banks Sank premises All other resources TOTAL RESOURCES 1,558,214 36,814 1,595,028 827,432 3,024,227 169,834 1,572,914 36,714 1,609,628 583,052 838,065 3,030,745 166,490 1,504,983 88,842 1,593,825 608,264 741,643 2,943,732 3,194,06l 67,835 3,197,235 68,547 3,125,743 75.804 59,629 130,94l 190,570 150,523 *70,357 *136,673 207,030 84,736 % 79,220 601,767 42,750 260,835 272,554 576,139 7,323 924,555 705 553,600 22^175 168,667 42,900 243,696 290,522 577,118 7,301 960,116 182,011 1,063,956 68,842 42,663 81,155 21,882 145,700 10,250 1,288,748 705 670,370 728 691,616 13^146 4,835,649 59.561 12,596 4,991.299 58,725 10,454 5.278,382 1,356,180 1,382,349 1,780,403 2,432,086 18,882 5,760 27,884 2,484,612 532,922 169,882 2,460,457 2,356,917 17.257 7,376 59 *572 22,169 26,564 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 deposits . . . . . Deferred 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 . TOTAL LIABILITIES 16,629 6,247 32.924 2,516,257 276,936 15,117 631,545 169,484 276,936 14,728 4,835,649 4,991.299 20,577 2,402,127 651,948 161,4o6 254,39s 28,100 5,278,382 Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . . 83.2$ 82.0# 74.7# Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . 481,315 478,082 446,980 •Revised f i g u r e s . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON JULY 23, 1930 ( I n t h o u s a n d s of d o l l a r s ) RESOURCES £ u s 1 f ^ r s L 6 ' s - U i v ' ^ r Total gold reserves Reserves other than gold Total reserves Non-reserve cash B i l l s discounted: S e c u r e d by U.S. Govt, o b l i g a t i o n s Other h i l l s discounted Total h 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 notes 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 Total b i l l s and s e c u r i t i e s Due f r o m f o r e i g n b a n k s U n c o l l e c t e d items F. R. n o t e s of o t h e r b a n k s Bank p r e m i s e s All other resources TOTAL RESOURCES * ^ ' f i 'I'.SS l l 1 9 s f i l ' - a s S:« : i 3,024,227 228,993 1,009,543 211,940 322,338 169,834 12.412 49,948 8 , 7 5 4 9,158 3,194,061 241,405 1,059,491 220,694 331,^96 67,835 6 , l 6 l 16,224 3,499 4 , 6 l O 3,234 5,661 11,255 10,845 10,466 15,680 10,127 6,968 190.570 150,523 8,895 19,005 26,935 37,175 42,750 260,835 272,55% 576,139 7,323 924,555 705 553,600 22,175 2,798 1,296 16,900 93,222 26,064 8 4 , 1 9 7 44,260 180,217 5,250 1,000 73,160 249,577 231 52 57,006 151,115 6,811 233 5^9 , 5^7 2 13,146 3,580 8" t n ! S l - 85,457 8,849 9^.306 4,667 l i l s 765 28,084 a g 120,069 433,228 98' 5 16,109 21,6^9—13,452 136,17S 454,877 n l » T l 7 5,515 9,393 847 8,451 8,870 15,779 26,781 20,972 1 7 , 4 3 4 19,446 27,62s 17,321 888 l4,o65 7,856 9,068 22,910 59,629 130,941 S t . 666lb Minn. Kans.Cy. D a l l a s San F r a n . 3,667 M64 9,756 12,741 9,652 67,204 114,924 4.750 5,900 47,678 284,588 7.605 11,248 71,954 120,824 1,787 2,099 55,283 295,836 3,813 5,203 9,755 5,568 12,224 5,391 8,406 15,523 357 8,313 462 36,799 44,059 45,785 60,624 10,476 33,882 2,095 19,337 438 27,993 2,823 13,921 17,303 5,847 4,251 7,227 7,939 4,603 33,673 7,486 77,607 22,643 25,248 15,59% 11,425 86,841 42,896 4 8 , 1 2 1 117,838 7,434 10,438 2,8i}0 5,566 12,027 9,44o 19,012 16,352 10,417 17,2a 73 1,000 45,793 25 95 25 14,095 70,828 22,325 897 3,086 1,293 2,65s 8,295 3,811 3,208 588 517 187,100 a o , 6 9 7 665,000 190,345 30 39,899 1,540 3,214 |4S 28,021 1,786 535 3,716 6,715 23,253 14,503 30,551 2,321 3,382 4,952 9,887 10,409 55,342 489,719 5,436 25,285 226,016 13,032 28,6o4 654 50,202 4,835,649 381,680 1,504,534 349,980 76,564 20,681 26,493 15,664 ,4a 48,736 107 1,313 6,342 27,700 71 57,1^9 1,428 7,059 1,065 47,845 75,000 24,300 219,763 891 1,564 985 6,253 16 1,182 2,018 _513 124,745 a hU2 a u 3 t 49 4 > l i 207,178 126,998 397,673 L I A B I L I T I E S RESOURCES MD LIABILITIES OP THE FEDERAL RESERVE BtoKS "0H JULT' 23 , 1930 (In thousands of d o l l a r s ) Total Boston New York P h i l a . Cleve. Rich. Atlanta Chicago St. Louis Minn. Kans#Cy« Dallas San Fran. 1,356,180.141,064 158,714 123,864 125,966 62,868 116,165 187,158 69,751 51,676 69,235 31,557 158,162 F.R.notes i n actual c i r c u l a t i o n Deposits: 2,432,086 Member bank - reserve account 18,882 Government Foreign "bank 5,760 27,884 Other deposits 2,484,612 Total deposits Deferred a v a i l a b i l i t y items 532,922 169,882 Capital paid i n Surplus 276,936 15,117 All other l i a b i l i t i e s 4,835,649 TOTAL LIABILITIES 83.2 Reserve r a t i o (per cent) 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 481,315 Federal reserve notes: Issued to F.R.bank by F.R.agent Held by Federal reserve bank In actual c i r c u l a t i o n C o l l a t e r a l held by agent as s e c u r i t y f o r notes issued to 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 i n open market C e r t i f i c a t e s and b i l l s Municipal warrants 147,975 1,033,682 1,407 1,848 1,668 % l6,o4i 149,895 1,053,239 57,953 142,026 11,845 65,584 80,001 21,751 72 4,970 381,680 1,504,534 83.0 87.4 35,547 138,077 199,447 523 1,264 610 1,994 139,332 203,315 42,526 54,240 16,780 15,878 26,965 29,141 513 1,179 349,980 489,719 85.2 83.9 158,988 46,596 48,037 62,832 59,331 3^4,134 76,977 3,632 1,679 1,916 1,003 220 256 220 817 771 322 58. SET. 66,778 62,001 347,394 78,522 14,155 68,074 24,553 5,395 20,174 5,276 12,496 10,857 40,094 2,124 817 2,106 f : S 5 187,100 210,697 665,000 190,345 76.4 72.7 85.1 75-3 20,176 17,293 64,369 50,206 1,055 l4o 162 51,563 10,438 3,066 7,143 859 124,745 69.7 17,293 11,o49 91,555 59,362 894 1,578 183 * 8 31 92,696 61,154 31,509 20,311 4,348 4,349 9,162 8,935 228 §22 207,178 126,998 74.6 59.6 i4,4n l4,4li 168,508 2,083 421 7,711 178,723 29,7%0 11,343 19,514. 191 397,673 87.8 33,145 FEDERAL RESERVE NOTE STATEMENT * • » « ' f c g 1,356,180 l 4 l , o 6 4 a : ' £ i s % % s # % a s n 158,714 123,864 185,966 62,868 116,165 187,158 69,751 51,676 %2,908 35.300 1,155,306 129,617 317,947 27,821 229,968 28,626 45,196 303,790 1,876,161 192,738 39,900 15,550 5,000 7,100 8,9^5 100,100 180,000 60,000 96,100 199,000 56,100 20,042 29,859 27,255 36,617 4o.o66 23,082 160,042 225,409 92,255 139,817 239,066 88,127 m • 69,235 . • g 31,557 158,162 11,845 36,000 14,300 35,000 75,000 10,000 184,763 11.416 15,260 17,548 23,785 59,261 90,260 41,848 243,51# MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total 190,570 150,523 272,554 73 Within 15 days 99,648 73,456 16 to 30 days 17,947 30,306 48,027 51 31 to 60 days 6l to 90 days 29,033 28,739 28,720 15,592 94,576 ^ths° 15,067 2,4% 72,114 22 Over 6 months 136 57,837
@FedFRASER