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Released f o r publication Friday morning, June I3; not e a r l i e r . STATEMENT FOR THE PRESS St. 66 26 Federal Reserve Board June 12, 1930 CONDITION OF FEDERAL RESERVE BANKS Ohe daily average volume of Federal reserve "bank c r e d i t outstanding during the week ending June 11, as reported "by the Federal reserve banks was $994,000,000, a decrease of $+1,000,000 compared with the preceding week and a decrease of $294,000,000 compared with the corresponding week of I929. On June 11 t o t a l reserve bank c r e d i t outstanding amounted to $974,000,000, a decrease of $30,000,000 f o r the week. This decrease corresponds with a decline of $17,000,000 in money in c i r c u l a t i o n , of $3,000,000 in member bank reserve balances, of $3,000,000 in unexpended c a p i t a l funds, e t c . , and increases of $3,000,000 and $5,000,000, respect i v e l y , in monetary gold stock and Treasury currency. Holdings of discounted b i l l s declined $30,000,000 during the week, the p r i n c i p a l declines being $20,000,000 a t New York and $6,000,000 a t St. Louis. The System's holdings of b i l l s bought in open market declined $+1,000,000 while holdings of Treasury notes increased $26,000,000, of Treasury c e r t i f i c a t e s and b i l l s $7,000,000 and of United S t a t e s bonds $2,000,000. 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 June 11, 1930, were as follows: Increase or decrease since June 11, June 4, June 12, 1910 1930 1929 (in m i l l i o n s of dollars) B i l l s discounted B i l l s bought United S t a t e s s e c u r i t i e s Other reserve bank c r e d i t 210 l4g 579 37 + 4o9 - 14 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency a d j u s t e d 974 4,526 1,786 - 30 + 3 + 5 + 221 Money in 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, etc 4,459 2,409 4ig - 17 - 3 - 3 - 177 + si + i4 w. - 294 - 9 .leieased f o r p u b l i c a t i o n Friday morning, June 13,1930; not e a r l i e r . S t . 6626a RESOURCES AMD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of d o l l a r s ) June ll.lQ^O June 4.1Q10 June 12.1Q2Q 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 1,626,214 37,336 1,663,550 598,097 817,849 1,603,714 37,856 1,641,570 623,375 795,634 1,318,782 66,118 1,384,900 691,678 799,'052 Total gold reserves Reserves other than gold 3,079,496 164,708 3,060,579 164,710 2,875,630 149,559 Total reserves . . . . Bon-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 i n open market . . . . . . U. S. Government s e c u r i t i e s ? ?onds 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 3,244,204 66,344 3,225,289 66,396 3,025,189 S3,6o4 69,862 l4o,622 210,484 148,172 91,297 148j431 239,728 189,240 474,086 459,*825 933,911 114,117 52,001 259,106 267,600 578,707 5,850 50,050 232,774 26l,010 543,834 5,850 44,630 97,244 27,999 169,873 9[917 943,213 710 603,883 19 $94 59^99 13,655 978,652 709 609,194 22 064 58)671 12,495 1,227,818 729 728,048 18 264 58,*6l3 8,486 4,951,202 4,973,470 5,150,751 F. R. notes in a c t u a l c i r c u l a t i o n . . . Deposits: Member bank - reserve account . . . . Government Foreign bank Other deposits 1,446,999 1,457,317 2,408,796 30,090 5,788 18,523 2 4 l l 730 ' 2 7 ,*246 5,489 20,054 1 644 216 * ' 2 328 232 ' 18J00 6,225 23,058 Total deposits Deferred a v a i l a b i l i t y items Capital paid in Surplus All other l i a b i l i t i e s 2,463,197 573,912 170,555 276,936 19,603 2,464,519 584,850 170,572 276,936 19,276 2,376,215 688,296 157,931 254,398 29,695 4,951,202 4,973,470 5,150,751 Total b i l l s and s e c u r i t i e s . . . . Dae from f o r e i g n banks Uncollected items F. R. notes of other banks BTztk premises All other resources TOTAL RESOURCES L I A B I L I T I E S TOTAL LIABILITIES . . . . Ratio of total reserves to deposit and F. R. note l i a b i l i t i e s combined . . 83.0 82.2$ 75.2% Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 459,520 464,439 405,240 RESOURCES Gold with Federal reserve agents RESOURCES AND LIABILITIES OF 3HE FEDERAL RESERVE BAMS ON JUKE 11, 1930 S t . 6626b (In thousands of dollars) Total Boston Hew York Ehila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1,626,2l4 164,917 258,594 l4o,000 190,550 69,000 124,500 239,000 67,245 53,845 75,000 28,800 214,763 Gold redemption fund with U.S.Treasury 37,336 l4,94o 2,630 R?1notes1US1Vely 1,663,550 l66,oi6 273,534 Gold settlement fund with F.R. Board 598,097 25,273 197,010 Gold and gold c e r t i f . held by banks 817,849 37,34p 506,582 Total gold reserves 3,079,496 228,629 977,126 Reserves other than gold 164,708 11,639 55,654 Total reserves 3,244,204 2 ^ , 2 6 8 1,032,780 Uonreserve cash 66,344 6,030 16,138 142,630 40,644 31,528 214,802 7,856 222,658 3,519 ^Secure^by 1 U?S!Govt. 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.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 from foreign banks Uncollected items F. R» notes of other banks Bank premises All other resources TOTAL RESOURCES 1,099 69,862 8,156 l4p,622 9,015 210,484 17,171 148,172 17,884 11,986 16,155 28,l4l 40,747 52,001 1,731 259,106 20,054 267,600 22,476 578,707 44,261 1,000 5,850 943,213 80,316 710 52 6o3,883 63,147 19,694 235 59,499 3,580 13,655 89 9,214 78,277 113,036 200,527 3,850 273,265 234 157,39% 5,460 15,664 5,548 2,l6o 1.805 899 192,710 70,146 1 26,846 24o,558 69,050 74,255 12,929 10,538 123,690 25,483 56,056 9,310 4,880 110,103 9,658 323,021 92,385 142,264 474,351 104,191 10,793 7.3l6 12,941 16,692 12,336 333,814 99,701 155,205 491,o43 116,527 4,o67 3,834 4,980 9,972 4,60S 54,744 12,024 5,014 71,782 4,291 76,073 1,912 11,707 13,589 14,585 6,669 26,292 20,258 2,744 9,670 l,l46 2,346 1,558 3,609 1,294 6,526 4,291 14,773 28,895 9,966 11,187 18,382 30,189 16,492 15,478 6,238 6,662 10,520 16,976 1,584 895 6,274 76,584 29,695 221,037 28,518 12,544 35,189 9,923 9,305 28,150 115,025 51,544 284,376 7,700 7,139 10,351 122,725 58,683 294,727 *2,228 4,146. 4,910 4l8 2,837 3,016 12,934 3,434 15,771 6,898 5,353 1,833 8,525 10,358 3,750 3,6l6 4,902 8,518 20,730 426 8,494 732 101 21,257 794 5,172 1,458 1,217 1,405 20,967 10,756 9,122 11,155 15,51s 27,549 7,386 2,975 23,997 31,350 8,920 14,996 8,962 9,188 24,803 22,775 6,750 357 29,006 6,331 50,205 55,342 15,59% 3,433 77,812 22,643 25,289 18,736 28,170 36,695 — — 1,000 80,24l 85,270 4o,638 44,142 111,280 44,359 35,621 39,860 42,278 65,943 69 71 30 26 95 26 l6 21 21 49 53,336 57,770 45,658 25,660 77,175 27,664 12,134 32,539 21,656 29,750 361 987 1,119 801 3,184 1,237 1,691 1,553 380 2,686 2,615 7,059 3,204 2,658 8,295 3,811 2,018 3,972 1,876 4,747 29I 1,182 6l4 3,539 434 303 451 267 423 517. 4,951,202 393,717 1,506,483 363,090 490,220 194,798 237,011 701,478 198,535 129,916 203,165 129,460 403,329 L I A B I L I T I E S RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BMKS OE JUNE 11, 1930 St. 6626c (in thousands of dollars) Total Boston Hew York Phi l a . CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1.,446,999 149,316 182,640 129,125 187,335 65,857 134,092 211,596 72,474 54,74s 71,464 32,036 156,316 F.R.notes in actual c i r c u l a t i o n Deposits: Member "bank - reserve account <?,408,796 30,090 Government 5,788 Foreign "bank 18,523 Other deposits Total deposits i :,463,197 Deferred a v a i l a b i l i t y items 573,912 Capital paid in 170,555 Surplus 276,936 All other l i a b i l i t i e s 19.603 1 TOTAL LIABILITIES ,951,202 83.0 Reserve r a t i o (per cent) Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 459,520 Federal reserve notes: Issued to F.E.bank by F.E. agent 1 ,788,611 341,612 Held by Federal reserve bank In actual circulation. 1 ,446,999 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 402,508 ,223,706 Gold fund - F. R. Board 352,662 E l i g i b l e paper Total c o l l a t e r a l ,978,876 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 144,210 1,005,500 139,237 195,966 2,018 2,972 2,278 7,l6o 2,100 407 550 8,383 50 % 1,657 147,639 1,023,143 142,097 200,191 62,830 147,916 47,195 56,038 11,822 66,230 16,781 15,898 80,001 26,965 29,l4l 21,751 1,617 6,553 927 m 393,717 1,506,4s3 363,090 490,220 80.9 85.7 82.1 86.1 34,370 178,865 29,549 149,316 62,988 2,564 231 96 65,379 43,758 5,867 12,496 94i 194,798 75.7 147,872 45,052 46,445 19,507 62,368 2,330 198 76 64,972 19,494 5,370 10,857 2,226 237,011 78.0 348,514 3,514 736 567 353,331 73,470 20,225 4o,o§4 2,762 701,478 86.9 77.131 1,219 198 365 78,913 29,446 5,271 10,877 1,554 198,535 77.0 16,720 62,237 16,720 51,171 86,039 982 1,252 126 165 458 , 65 52,737 87,521 11,300 30,310 3,083 4,325 9,162 7,143 383 -221 129,916 203,165 70.8 77.2 10,682 FEDERAL RESERVE W DTE S TA TEMEKTT1 NOTE STATEMENT 242,758 156,297 215,119 88,462 164,827 245,093 88,130 61,881 60,118 27,172 28,444 22,605 30,735 33,497 15,656 7,133 182,640 129,125 187,335 65,857 134,092 211,596 72,474 54,74s 176,381 1,830 379 6,730 185,320 30,245 11,336 19,514 59,291 1,971 165 27 61,454 21,910 4,347 8,935 778 129,460 62.8 403,329 86.3 13,934 13,934 32,047 81,610 40,778 224,131 10,146 8,742 67,815 71,464 32,036 156,316 229,968 39,900 15,550 5,000 6,500 9,145 11,845 14,300 35,ooo 28,626 100,100 175,000 64,ooo 118,000 239,000 58,100 42,ooo 75,000 14,500 179,763 67,103 26,487 29,743 24,727 4o,546 33,302 21,313 10,254 21,037 14,037 29,139 325,697 166,487 220,293 93,727 165,046 272,302 88,558 64,099 96,037 42,837 243,902 MATURITY DISTRIBUTION OF BILLS MD SHORT TERM SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days Over 6 months 6l to 90 days 6 months 210,484 116,491 23,723 29,228 18,122 22,346 574 148,172 79,187 37,021 23,434 1,247 7,283 267,600 4o 32,139 44,500 42,426 87,806 60,689 35,300 129,617 34,974 199,891
@FedFRASER