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Released f o r p u b l i c a t i o n Saturday a o m i n g , June 1, not e a r l i e r . STATEMENT FOR THE PRESS St. 6206 Federal Reserve Board May 31, 1929 CONDITIO!! OF FEDERAL RESERVE BAMS Bie c o n s o l i d a t e d statement of condition of the Federal r e s e r v e banks on May 29. made p u b l i c by the Federal Reserve Board, shows an i n c r e a s e f o r the week of $83,800,000 i n h o l d i n g s of discounted b i l l s and decreases of $20,100,000 i n b i l l s bought i n open market and $8,700,000 i n Government s e c u r i t i e s . Member bank r e s e r v e d e p o s i t s i n c r e a s e d $10,100,000 and Federal reserve note c i r c u l a t i o n $14,100,000, While Government d e p o s i t s d e c l i n e d $3,900,000 and cash r e s e r v e s $38,200,000. Total b i l l s and s e c u r i t i e s were $55,000,000 above the amount h e l d on May 22. Holdings of discounted b i l l s increased $50,500,000 a t the Federal fioserve Bank of Chicago, $19,900,000 a t P h i l a d e l p h i a , $7,300,000 a t Boston, $6,600,000 a t Kansas City, $5,400,000 a t Cleveland and $4,000,000 a t San Francisco. The System's h o l d i n g s of b i l l s bought i n open market decreased $20,100,000, of Treasury n o t e s $6,900,000 and of Treasury c e r t i f i c a t e s $1,800,000, while h o l d i n g s of United S t a t e s bonds were p r a c t i c a l l y unchanged. Federal r e s e r v e note c i r c u l a t i o n incre ase d $5,900,000 a t P h i l a d e l p h i a , $4,600,000 each a t Boston and Cleveland and $14,100,000 a t a l l Federal r e s e r v e banks. A sunL-Taiy of tne 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 reserve banks, together t,1 ch changes during the week and the year ending May 29, 1929, follows: * Increase or decrease since May 29. 1929 May 22. 1929 May 29.1928 ( i n thousands 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 . . . 2,969,958 , 2,823,72^/ ' - 38,173 - 18,178 + 212,465 + 216,857 Total b i l l s and s e c u r i t i e s . . . . . . B i l l s discounted, t o t a l . . . . . . 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 discounted 1,258,502 988,194 536,177 452,017 + 54,986 209,793 44,403 98,305 + 142,708 . . . 117,919 • 20,067 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 of indebtedness . . 144,572 50,384 84,965 - B i l l s bought i n open market 9,223 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 . 1,653.685 Total d e p o s i t s . . . 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 2,285,870 W. 2,331,194 15,366 + 83,768 33,619 50,149 + - 186,069 8,715 2 6,874 1,839 + + 14,131 + 60,366 - 76,413 71,453 7,481 - 74,854 84,371 + 6,683 + 10,118 - 3,925 10,078 19.595 Released f o r p u b l i c a t i o n Saturday morning, June 1, 19295 not e a r l i e r . 6206a St. EESOURCES AND LIABILITIES OF THE TWLVE FEDERAL RESERVE BANKS 'COMBINED (In thousands of d o l l a r s ) RESOURCES Mar 29,1929 May 22,1929 .Gold v;ith Federal r e s e r v e agents . . . . Gold redemption fund with U. S. Treasury . 1,315,181 1,318,551 1,122,150 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 Gold settlement fund with F.R. Board . . Gold and gold c e r t i f i c a t e s h e l d by hanks . 1,382,150 663,795 777»-7?9 1,379,74? 652 4o4 809,751 1,186,#01 783 200 637,*466 Total gold r e s e r v e s Reserves other than gold 2,823,72W/ 2,84l,902 146,2)4 /?? 166,229 2,606,867 150,626 2,969,95s 3,008,131 85,517 2,757,493 59,782 js Jig J| §! 66,969 . Total r e s e r v e s Non-reserve c a s h B i l l s discounted: 82,473 Total h i l l s discounted . . . . . . B i l l s bought i n open market U. S. Government s e c u r i t i e s : war-:::: 988,194 117,919 J| 61,190 904,426 137,986 64,051 943,791 303,'988 • ^ ° ^ 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 ' 144,572 7,817 153,28 7 7,817 219 426 1,090 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 1,258,502 1,203,516 72c 1,468,295 S j : r » ! Z , : : : : TOM, RESOURCES 727 | 5.034,892 R7? % § 5,056.79S 4. 9 S6,317 L I A B I L I T I E S 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: aCCOUnt Total d e p o s i t s . Contingent l i a b i l i t y on "bills purchased f o r f o r e i g n correspondents 1,639,554 1,593,319 2 2 2,275.752 2,357,323 Ji Ji J| jg ?| # ' f5.B70 TOTAL LUBI1ITIES Ratio 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. note l i a b i l i t i e s combined . . . c# 1,653,685 2,331,194 5,034,s92 2,324,511 5.056,7 9 S 2,4o7,6o7 4,9s6,317 74.5^ 75.9^ 68.9# 385,754 381,751 266,659 •Revised f i g u r e s . ^ „ RESOURCES . T, ... * , , - RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE. BAiJKS OH MAY 29-, 1929 (In thousands of d o l l a r s ) 1 ;; , . . TolTn 1 York P ^ila- Cleve. St Rich. Atlanta Chicago St.Louis n?n6h Minn. Kans.Cy. Dallas San Fran. a syssffs S^"S:'S S:5 1:15 "M "S« ']:% t® "IS •» 1:S »,:iS l §old h e l d exclusively a g a i n s t s - notes " ,.ey- 1,382,150 75,442 275.6a 123,759 155,672 37,293 1 91,4o4 286,623 26,973 58,340 4i,io6' 22,830 187,087 » ! K ~ ' . s ; . - s , ' s - = ; « s a a a S:«..'KS a s i - a a g : a » : g Iotal old ' S reserves 2,823,7^155,674 1,002,672 182,238 278,419 69,11^112,620 473,128 74,301 86,382 80,251 57,561 251 361 Reserves other than gold 146,23^ 11.539 4l,484 6,881 10,271 7,5^ 7.268 25,867 8,901 2,436 4,802 5,152 ilt!U4 Total r e s e r v e s B u i r S ^ S - : = t % s " : ; = ; e r " — Total "bills discounted B i l l s "bought i n open market TJ. 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. Govt, s e c u r i t i e s Other s e c u r i t i e s Total t i l l s and s e c u r i t i e s Dae from f o r e i g n banks EEs<1 c. TOTAL RESOURCES 2,969,958'l67,a3 S2, 73 6,195 & 1,044,156 189,119 288,690 39,350 2,052 2 -964 76.636%,888 498,995 8 3 . 2 0 2 8 8 , 8 1 8 8 5 , 0 5 3 6 2 , 7 1 3 265 475 4 ' " 2 ' 5.679 7.670 3,762 1,392 1.739 2,900 3!778 i m — — f f vV11 ; i ^ ... 194,426 96,777 95,644 57,973 71,392 149,264 51,157 16,232 56,573 24,423 64,302 11,649 io,o4i 9,921 4,734 7,922 12,929 1,112 2,276 5,292 10,325 l 4 . n i 155 525 542 1,152 15 19,937 7,125 4,545 7,756 7,213 64 12,799 9,021 27,112 657 3,124 4,283 6,500 3,964 3,4li il,64o 495 7,027 2 5 225 50 9 ,-Z 13,449 16,693 27,665 1,209 3,l4l 25,105 13,625 2,559 7,756 11,233 11,704 402 1,915 — 2,000 1,500 1,250 750 221,439 1 23,913 133,230 64.516 82,521 187,358 65.900 30,273 71,7a 47,291 90 S67 . 922,194 109,359 117,919 26,221 50,324 629 24,965 1,794 9,223 1,350 144,572 3,233 7,217 1,258,502 139,473 727 54 221 70 74 33 22 100 11 '':?I IS -f "! *a IS -:| 2Q IS "1 Pb x J J , V C . 1 , ?k w tf « 5,034,292 322,762 1,503,360 372,309 499,986 197,513 231,722 791,113 125,921 135,325 192,424 136,553 399,652 L I A B I L I T I E S st. 6206c RESOURCES MD LIABiLITJES^OF THE FEDERAL RESERVE BASKS OH MAY 29, 1929 (In thousands of d o l l a r s ) Total Boston Mew York P h i l a . 01eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. P.E.notes in actual circulation 1,653,685 142,314 274,542 146,550 208,50? 66,091 130,569 307,265 57,973 62,148 65,936 36,526 155,264 Deposits: Member "bank - r e s e r v e account 2,285,870 142,646 917,034 131,831 181,052 64,849 63,463 338,535 78,312 49,7^0 85,940 63,64i 168,827 Government 15,366 251 1,749 789 1,443 2,421 1,247 2,409 1,074 4oo 2,51; 973 97 Foreign bank 8,085 502 3,352 651 692 264 312 224 224 271 170 488 929 Other d e p o s i t s 21,873 65 9,101 ll4 222 88 1,270 2,134 185 i32_ JLL 7,833 Total d e p o s i t s 2,331,194 143,464 931,242 133,385 183,826 67,804 65,062 343,143 81,791 51,068 86,446 64,302 179,661 Deferred a v a i l a b i l i t y items 611,242 65,203 162,795 51,191 63,419 43,548 18,131 79,951 28,495 10,923 3l,6o4 a,816 34,166 Capital paid in 156,446 10,375 56,264 15,303 15,121 6,177 5,393 19,543 5,230 3,067 4,277 4,444 11,252 Surplus 254,398 19,619 71,282 24,101 26,345 10,554 36,442 10,820 7,082 9,086 8,690 17.978 A l l other l i a b i l i t i e s 27,927 1,793 7,235 1,779 2,768 2,079 4,769 TOTAL LIABILITIES 5,034,892 382,768 1,503,360 372,309 499,986 197,513 231,788 791,113 185,981 135,385 198,1# 136,553 399,652 Reserve r a t i o (per c e n t ) 74.5 58.5 86.6 67.6 73.6 57.2 61.3 76.7 59.5 78.5 55.8 62.2 79.3 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 385,754 28,250 119*673 36,64s 38,939 17,561 14,888 52,299 15,270 9,544 12,598 12,598 27,486 F . R . n o t e s on hand (notes r e c ' d from F.R.Agent l e s s notes i n c i r c u l a t i o n )420,133 18,995 149,729 36,003 32,035 18,115 31,753 30,736 8,900 10.056 18 . F . R . n o t e s rec*d from Comptroller F . R . n o t e s lield by F. R. Agent F.R#notes issued to 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.Rinotes 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 E l i g i b l e paper Total c o l l a t e r a l 3,432,180 289,299 1,358,362.127,990 2,073,818 161,309 372,895 35,300 100,092 14,552 842,194 13,000 1,057,853 135.562 2,373,034 198,414 Total 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 of indebtedness Municipal warrants 988,194 117,919 9,223 402 1,672 10 ,97 bX55 FEDERAL RESERVE NOTE ACCOUNW OF FEDERAL RESERVE AGENTS ZZ5 13,3% 11,370 10,483 61,95s 822,936 208,613 354,012 192,157 276,262 464,081 96,583 142,36s-143,566 ?4,74l 367,562 .398,665 26,060 113.470 107,951 113.9*40 126.080 29.710 70.164 66.260 27.732 150.l4o 424,271 182,553 240,542 84,206 162,322 338,001 66,873 72,204 77,306 47,009 217,222 171,880 14,047 so,ooo 188,052 30,000 43,800 6,690 13,250 8,050 14,167 14,758 13,636 11,879 7,068 4,693 2,877 2,258 2,955 3,269 4,297 70,897 95,000 20,000 69,000 277,000 11,000 39,000 35,360 2,000 88,208 104.901 54.326 79.029 161.995 51.788 IQ.621 62.252 34,608 453,979 202,741 255,580 88,084 165,972 441,872 73,096 75,743 100,881 55,663 35,000 18,561 129,937 77.511 261,009 MATURITY DISTRIBUTION OF BILLS, CERTIFICATES OF INDEBTEDNESS AND MUNICIPAL WARRANTS 91 Within 15 days l6 to 30 days 31 t o 60 days 6l to 90 days 91 days days to to - < 6 months 6 months 762,915 52,052 84,852 57,418 1,821 29,136 54,291 31,848 19,506 10,080 2,194 495 293 102 7,034 300 1,401
@FedFRASER