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STATEMENT FOR THE PRESS ' Released f o r p u b l i c a t i o n Friday morning, June 27; not e a r l i e r . St. 664o F e d e r a l Reserve Board June 26, 1930. CCETDITICBT OF FEDERAL RESERVE BAMS The d a i l y average volume of Federal r e s e r v e "bank c r e d i t o u t s t a n d i n g during t h e meek e n d i n g June 25, a s r e p o r t e d "by t h e F e d e r a l r e s e r v e "banks, was $975,000,000, a d e c r e a s e of $31,000,000 compared with t h e p r e c e d i n g week and of $332,000,000 compared w i t h t h e c o r r e s p o n d i n g week of I929, On June 25 t o t a l r e s e r v e hank c r e d i t o u t s t a n d i n g amounted t o $936,000,000, ^ o a s e of $25,000,000 f o r t h e week. This decrease corresponds with d e c l i n e s of $24,000,000 i n t h e amount of money i n c i r c u l a t i o n and $22,000,000 i n menfoer hank r e s e r v e b a l a n c e s and an i n c r e a s e of $4,000,000 i n monetary g o l d s t o c k , o f f s e t i n p a r t "by a d e c r e a s e of $25,000,000 i n Treasury c u r r e n c y . a | I 1 | i Holdings of d i s c o u n t e d "bills i n c r e a s e d $25,000,000 d u r i n g the week, the p r i n c i p a l changes i n c l u d i n g an i n c r e a s e of $14,000,000 a t Hew York, $9,000,000 a t Cleveland and $3,000,000 a t Chicago. The System's h o l d i n g s of b i l l s "bought i n open market d e c l i n e d $31,000,000, of Treasury n o t e s $32,000,000 and of U. S_ "bonds $1,000,000, while h o l d i n g s of Treasury c e r t i f i c a t e s and b i l l s i n c r e a s e d $13,000,000. Changes i n the amount of r e s e r v e bank c r e d i t o u t s t a n d i n g and i n r e l a t e d items d u r i n g t h e week and the y e a r ending June 25, 1930, were a s f o l l o w s : I n c r e a s e or decrease since June 25 June 18 June 26 1930 1930 1929 ( i n m i l l i o n s of d o l l a r s ) 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 r e s e r v e bank c r e d i t 232 102 577 25 +25 - 31 - 21 + 1 - 785 +19 + 427 - 20 TOTAL RESERVE BANK CREDIT Monetary g o l d stock Treasury c u r r e n c y a d j u s t e d 4,533 + 4 - 25 + 2 Money i n c i r c u l a t i o n Member bank r e s e r v e b a l a n c e s Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 4,426 2,386 423 - 24 - 22 - - 210 + 42 936 1,766 - 25 - 358 +207 j W +19 Released f o r j t a b l i c a t i o n Friday nKSiliiiig, Jtiiie 27,1930; n o t e a r l i e r . St. SSMQ& RESOURCES MD LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) June 25.1930 June 18.1930 June 26.1929 RESOURCES Gold with Federal reserve agents . . . . Gold redemption fund with U. S. Treasury i,6oo,a4 36,812 1,599,114 37,001 1,372,441 71,589 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 s e t t l e m e n t 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 "banks Total gold reserves . . . Reserves o t h e r than gold 1,637,026 601,691 820,457 3,059,174 172,637 3,231,811 1,636,115 609,250 821,8^7 3,067,202 166,709 1,444,030 644,038 807,446 67,339 3,233,911 64,338 3,072,554 69,108 84,887 146,618 66,925 139,869 532,745 484,002 Total r e s e r v e s . Non-reserve cash B i l l s discounted: Secured "by U.S.Government o b l i g a t i o n s Other "bills discounted 2,895,514 177,o4o Total "bills discounted . . B i l l s bought 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 "bills . . 231,505 102,313 206,794 132,776 1,016,747 82,839 55,911 219,436 301,623 57,l4l 251,416 289,091 42,738 92,021 14,768 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 . . . 576,970 5,250 597,648 5,350 149,527 13.315 Total "bills and s e c u r i t i e s IXie from f o r e i g n "banks Uncollected items F. R. notes of other "banks Bank premises All other resources 916,038 709 570,390 22,773 59,552 11,331 942,568 710 718,184 19,666 59,552 10.999 1,262,428 729 656.457 20,146 58,6i4 7.441 4,879,943 5,049,928 5,147,477 F. R. notes i n a c t u a l c i r c u l a t i o n . . . Deposits; Member "bank - r e s e r v e account . . . . Government . Foreign "bank Other d e p o s i t s . . . . . . . 1,402,869 1,419,266 1,658,496 2,386,435 45,669 5,858 21,422 2,408,364 28,412 7,172 20,682 2.343,813 48,924 5.006 21,312 Total d e p o s i t s . * Deferred a v a i l a b i l i t y items Capital p a i d i n Surplus All other l i a b i l i t i e s 2,459,384 551,024 169,736 276,936 19,994 2,464,630 700,030 169,692 276,936 19,374 2.419,655 625,737 158,607 254,398 30,584 M79.943 5,049,928 5.147,477 . . . . TOTAL RESOURCES . . . . . . L I A B I L I T I E S TOTAL LIABILITIES . Ratio of t o t a l r e s e r v e s to deposit and F. R. note l i a b i l i t i e s combined . . . S3.1$ 83.3# 75.3# Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 463,642 467,643 424,566 RESOURCES st RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BA1TKS OH JTJHE 25, 1930 * O640b ( I n thousands of d o l l a r s ) Total Boston Hew York P h i l a . CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 7 s s s » • £ ? ^° SSSSL'S.^JS- » &3 saa as s-g ;•&s?a %% ^ Total e o l d reserves Reserves other t h l gold Total reserves Uonreserve cash Total M i l s discounted B i l l s bought i n open market 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 H E iOTAL RESOURCES 1;% 3,059,174 224,306 1,006,439 212,o45 318,750 172,637 12,2 9 4 54,824 9,327 11,099 9%,4o4 132,171 452,457 106,223 7,992 15,710 17,704 12,239 70,416 109,326 4,203 7,745 3.231,811 236.600 l , o 6 l , 2 6 3 2 a , 3 7 2 329,849 67,339 5,795 16.510 3,629 3,899 99,396 147,881 470,161 118,462 4,o66 5.339 9,730 4,468 74,619 117,071 61,967 293,170 1,933 2,188 4,165 5.*17 i&SS l:T£ 231.505 102,313 17,307 16,274 iimI 38,153 10,157 "ion 28,2o4 2,46l Iff 29,341 8,670 » : « 21,417 5,644 26,335 8,537 a . ™ 19,034 16,863 16,692 4,108 1:1 jf ill i°i M 111 S:§ t i 576,970 5*2-50 916,038 44,260 1,000 78,84i 179,945 3»2$0 231,505 50,202 55,342 15,594 1 1 000 7, 81,867 93,353 42,655 11,769 77,967 — # , 6 4 l 113,693 22,643 — 3,946 6,240 ^ 12,591 4,l6l 53,917 281,720 8,050 11,450 9,986 2.894 8,328 l 6 , 75 ^ ill si a is 25,647 28,736 —— 43,614 3 5,833 28,170 36,, 95 —— 45,%8 41,050 - 6i,^ i l i i f •i if ' I i l i i i i •! t 4,879.943 389.658 1,498,051 358,691 492,174 193,542 222,001 677,506 194,950 127,044 202,239 128,997 395,090 L I A B I L I T I E S F.R. notes i n a c t u a l c i r c u l a t i o n Deposits: Member "bank - r e s e r v e account Government Foreign bank Other deposits RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS' OH JUNE 25, 1930 S t . 664oc (In thousands of d o l l a r s ) Total Boston Hew York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans#Cy. Dallas San Fran. 1,1402,869 145,746 172,481 127,555 187,099 64,020 124,316 201,438 71,194 53,360 69,244 3l,39S 155,018 " J : ® fM t % 2.% % a 10 % '% 18:% *'& A% 78,422 50,4oi 2,156 1,686 126 . 198 168 87,920 2,137 165 6q 343,697 81,093 52,381 69,199 25,015 10,158 20,207 5,274 3,081 40,094 10,877 7,143 2,871 i.iai 22L 677,506 194,950 127,044 86.2 77.8 70.6 90,291 28,835 4,356 9,162 339,879 2,635 Total deposits 2,459,384 146,337 1,020,848 l 4 2 , i n 204,832 69,358 64,358 Deferred a v a i l a b i l i t y i terns 551,024 63,610 152,474 44,306 53,618 4o,88o 14,864 Capital paid in 1^9,736 11,830 65,394 16,781 15,896 5,856 5,369 Surplus A l l other l i a b i l i t i e s TOTAL LIABILITIES 4,879.943 389,658 1,498,051 358,691 492,174 193,542 222,001 Reserve r a t i o (per c e n t ) 83-7 81.0 82-9 82.1 84.2 74.5 78.4 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 463,642 34,370 151,994 45,052 46,445 19,507 16,720 62,237 FEDERAL RESERVE NOTE STATEMENT f e d e r a l reserve n o t e s : I s s u e d to F.R.bank by F.R. agent Held by Federal r e s e r v e bank In a c t u a l c i r c u l a t i o n 1,402,869 145,746 172,481 127,555 187,099 64,oao 124,316 201,438 C o l l a t e r a l h e l d by agent as s e c u r i t y f o r notes i s s u e d to bank: Gold and gold c e r t i f i c a t e s **03,108 35,300 229,968 39,900 15,550 5,000 7,100 Gold fund - F. B. Board 1,197,106 129,617 28,626 100,100 175,000 64,ooo 109,400 229,000 E l i g i b l e paper 325,759 33,501 45,146 26,759 37,905 26.958 34.757 35.566 Total c o l l a t e r a l 1.925,973 198,418 . 393,740 166,759 228,455 95,95s 151,257 264,566 •'SS:gj B ' :S 1!:SI 16,720 202,239 73.4 10,682 59,571 169,734 3,865 2,595 165 379 IS 7,691 63,679 180,399 19,827 28,238 4,347 11,345 8,935 19,514 811 5Z6_ 128,997 395,090 65.2 87.4 13,934 13,934 32,047 g-gi -a-ii; % %% »;.» 71,194 53,360 9,145 11,845 58,ipo 39,000 20,842 10.133 88,087 60,978 79,317 39,585 225,310 10.073 8.187 7o.?QP 69,244 31,398 155,01s 75,000 16.688 91,688 14,300 35,000 14,500 174,763 12.824 24.680 41,624 234,443 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 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 Total 231,505 102,313 301,623 Within 15 days davs 135,408 49,607 8: l 6 to 30 days 4 > 7° °92 42,488 31 to 60 days 6l to 90 days 30,110 23,077 55,221 22,050 4,399 109,697 91 days to b months 24,242 1,138 52,585 Over 6 months 219 41,632
@FedFRASER