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STATEMENT FOR THE PRESS Released for p u b l i c a t i o n Friday morning, July 4; not e a r l i e r . i t . 6644 Federal Reserve Board July 3, 193<X CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reservd bank c r e d i t outstanding during the week ending July 2, as reported by the f e d e r a l reserve banks, was $1,031,000,000, an increase of $56,000,000 compafc*6d with the preceding week and a decrease of $36$,000,000 compared with the corresponding week of 1929. On July 2 t o t a l reserve bank c r e d i t outstanding Mounted to $1,070,000,000, an increase of $134,000,000 f o r the week. This increase corresponds with i n creases of $127,000,000 in the amount of money in c i r c u l a t i o n , of $20,000,000 in member bank r e s e r v e balances and of $9,000,000 i n unexpended c a p i t a l funds, e t c . , o f f s e t i n p a r t by increases of $19,000,000 and $3,000,000, respectively, in Treasury currency and monetary gold stock. Holdings of discounted b i l l s increased $29,000,000 during the week, the p r i n c i p a l increases being $10,000,000 a t New York and • $9,000,000 a t Saoa Francisco. The System's holdings of b i l l s bought i n open market increased $55,000,000, of Treasury notes $17,000,000 and of c e r t i f i c a t e s and b i l l s $10,000,000, while holdings of U. S. bonds declined $8,000,000. Changes in the amount of reserve bank c r e d i t outstanding and i n r e l a t e d items during the week and the year ending July 2, 1930, were as follows: Increase or decrease since July 2 June 25 July 3 1930 1Q30 lQ2q ( i n millions of d o l l a r s ) B i l l s discounted B i l l s benight United States s e c u r i t i e s Other reserve bank c r e d i t 260 157 596 56 + 29 + 55 + 19 +31 865 + S3 + 455 34 TOTAL RESERVE BiSC CREDIT Monetary gold stock Treasury currency a d j u s t e d 1,070 4,536 1,786 + 134 + 3 +19 - 36l + 205 5 Money i n c i r c u l a t i o n Member bank reserve balances Unexpended c a p i t a l funds,nonmember deposits, e t c . 4,553 2,4o6 432 + 127 - 212 +20 + 2 6 + 9 + 2 5 Released f o r publication Friday morning, July 4,1930; not e a r l i e r . S t . 6644a RESOURCES AUD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAtJKS COMBINED (In thousands of dollars) July 2,1930 J-one 25.19% July 3. 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: Sec. 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 . . Certificates 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 Bank premises All other resources . . TOTAL RESOURCES . . . . LIABILI 1,568,014 36,675 I,6O4,6S9 610,593 775,127 2,993,409 157,835 1,600,214 36,812 1,380,112 67,828 1,637,026 601,691 1,447,940 669,696 820,457 3,059,174 172,637 748,704 2,866,340 174,959 3,151,244 55,002 3,231,811 67,339 3,O4I,299 55,912 105,234 155,179 260,413 157,485 84,887 146,618 231.505 102,313 609,898 47,531 236,519 311,903 55,911 219,436 301,623 595.953 7,301 576,970 5.250 916,038 709 570,390 22,773 59,552 11,331 1,021,152 706 663,567 515,185 1,125,083 73,922 43,246 85,779 12.357 141,382 10,465 1.350,852 728 791,935 19,950 59,561 12.083 4,983,265 4,879,943 5386,429 1,432,252 1,408,869 1,736,259 2,406,376 2,336,435 45,669 5,858 21,422 2,459,334 551,024 169,736 276,936 2,380,165 18,907 58,6i4 8,132 TIES F. R. notes i n 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 2,473,805 615,924 169,626 276,936 14,722 TOTAL LIABILITIES 4,983,265 6,1)67 36,063 19,994 23.373 6,128 28,282 2.437,948 712,939 153.585 254,398 26,250 4,879,943 5,326,429 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 . . . 80.7$ 83.7# 72.9# Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . 481,269 463,642 428,711 RESOURCES s s ^ s s s Ste RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAMS OU JULY 2, 1930 6644b (In thousands of dollars) Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Balsas San ^an« s s t s j %% : %% si:% %% s : ^ 2 « * : % ^ s$ R e l n6te*3 l a S 1 V e l y I,6O4,689 155,937 273,446 142,514 192,628 66,499 110,299 220,513 68,830 51.739 76,571 Total gold reserves Reserves other than gold 2,993,409 242,579 157,835 10,955 931,356 209,714 315>55 48,824 8,2p4 10,l6g Total reserves Nonreserve cash 3,151,244 253,534 55,002 4,395 980,180 217,918 325,623 98,226 142,924 473,998 115,170 72,541 114,780 12,035 3,093 4,158 3,473 4,707 S,o4l 4,031 1,375 1,811 M EtrSr;e?iisations Total t i l l s discounted B i l l s bought in open market S&LCLa MU. Total U.S. Govt, securities Other securities Total "bills and securities Dae from foreign banks Uncollected items F. R. notes of other "banks Bank premises All other resources TOTAL RESOURCES %:% h-m 26o,4i3 17,590 157,485 13,206 wrn 29,689 216,024 91,163 128,477 457,336 103,051 68,754 10Z,597 52,032 285,895 7,063 14,447 16,662 12,119 3JSJ 7^83 7,615 10,308 ^ ^ 48,621 30,122 31,922 22,64g 29,552 l9,84o 16,019 55,793 2,396 l l , 6 l 0 6,806 10,153 18,447 6,845 59,647 296,703 3,336 4,547 ^ 1 4,629 11,577 10,073 17,819 7,472 5,619 4,199 14,639 1:1 i s i:l 1:1 fM 1:1 t:S° 1:1 *M J:l &1 11 595,953 44,26o 7,301 1,000 200,069 50,202 55,342 15,594 11,374 77,722 22,643 25,146 28,736 5,250 1,000 = 51 28,170 36,695 = : 1,021,152 76,056 309,733 S3,720 98,874 45,049 51,079 116,009 25 l6 21 21 25 95 30 232 71 706 69 52 1.J8 15,244 79,362 48,151 64,071 62,719 192,85s 663,567 72,385 '871 lio37 1,932 342 3,081 887 1,051 2,579 6,302 417 1,212 239 19,950 3,811 2 , 0 1 8 3,972 1 , 8 76 4,810 2 , 6 5 8 8 , 2 9 5 3,204 2,6i4 15,664 7,059 59,561 3,580 1 7 2 4 4 7 2 5 4 4 29 307 3,288 535 228 1,057 12,083 537 4,737 92 4,983,265 4IO,333 1,521,741 372,130 500,773 199,557 220,976 688,914 198,490 125,613 204,874 130,070 409,794 1 L I A B I L I T I E S i* F.R.notes in actual circulation Deposits: Member bank - reserve account Government Foreign tank 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 Reserve r a t i o (per cent) Contingent l i a b i l i t y on "bills p u r chased f o r foreign correspondents 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 Collateral 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 in open market C e r t i f i c a t e s and b i l l s Municipal warrants RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BA1JKS ON JULY 2, 1930 (in thousands of dollars) Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis 1,432,252 151,047 St. 66144c Minn. Kans.Cy. Dallas San Fran. 172,870 129,936 191,887 67,233 123,442 199,460 73,323 54,367 70,153 32,374 166,160 2,406,376 153 ,66; 1,010,281 138,634 197,319 61,1 61,451 339,313 75,645 48,856 87,170 59,815 172,298 24,899 2,742 1,477 i,4oo 3,861 1,97 2,623 4,623 1,417 990 922 1,518 1,3% 6,467 451 2,374 610 592 220 256 817 220 i4o 183 183 4a 36,063 102 18,361 143 2,717 l44 5,695 23 489 202 67 24 8,036 2,473,805 156,192 1,033,758 140,846 202,046 66,132 64,438 350,448 77,771 50,188 88,342 61,51*0 182,io4 615,924 69,483 165,023 57,120 60,687 47,061 14,801 76,547 29,913 9,975 32,654 22,179 30,481 169,626 11,829 65,300 16,780 15,896 5,856 5,361 20,208 5,276 3,070 4,357 4,350 11,343 276,936 21,751 80,001 26,965 29,141 12,496 10,857 40,094 10,877 7,143 9,162 8,935 19,514 1^.722 4,789 483 1,116 2L IJ2 2.077 2.157 1.330 870 206 6q2 1QP 4,983,265 410,333 1,521,741 372,130 500,773 199,557 220,976 688,914 198,490 125,613 204,874130,070 409,794 80.7 82.5 81.2 80.5 82.7 80.2 76.1 73.7 76.2 69.4 72.4 63.5 85.2 481,269 35,547 158,942 46,596 48,037 20,176 17,293 64,369 17,293 11,<*9 l4,4li i4,4n 33,145 FEDERAL RESERVE NOTE STATEMENT 1,744,679 177,402 243,889 152,585 218,337 85,593 147,964 227,608 85,519 59,378 80,275 39,480 226,649 312,427 26,355 71,019 22,649 26,450 18,360 24,522 28,148 12,196 5,011 10,122 7,106 60,489 1,432,252 151,047 172,870 129,936 191,887 67^233 123,442 199,460 73,323 54,367 70,153 32,374 166,160 402,908 35,300 1,165,106 119,617 375,900 30,716 1,943,914 185,633 229,968 39,900 15,550 5,000 7,100 8,945 28,62o 100,100 175,000 60,000 101,400 219,000 58,100 69,465 30,535. 39,415 29,331 39,590 38,071 22.774 328,059 170,535 229,965 94,331 i4s,090 257,071 89,819 11,845 14,300 35,ooo 39,ooo 75,ooo 14,500 174,763 12,035 17,089 14,513 32,366 62,880 92,089 43,313 242,129 MATURITY DISTRIBUTION OF BILLS AND SHORTTOMSECURITIES Total Within 15 days 260,413 157,485 311,903 51 159,844 92,947 31,188 l6 to 30 days 31 to 60 days 6l to 90 days 19,839 32,429 24,102 3,912 31,189 28.6Q2 43,1% 51 119,692 91 days to 6 months 24,119 745 64,130 Over 6 months 80 53,748
@FedFRASER