The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STAT3LiE;H? FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, June 6; not e a r l i e r . gt 66l4 Federal Reserve Board, 1930 June ^ CONDITION 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 the week ending June 4, a s r e p o r t e d by the F e d e r a l r e s e r v e banks, mas $1,035,000,000, an i n c r e a s e of $70,000,000 compared with the preceding week and a decrease of $309,000,000 compared with the corresponding week of I929, On June 4 t o t a l reserve bank c r e d i t o u t s t a n d i n g amounted to $1,004,000,000, an i n c r e a s e of $28,000,000 f o r the week. This corresponds with an i n c r e a s e of $65,000,000 in menfoer bank r e s e r v e "balances l e s s i n c r e a s e s of $15,000,000 in Treasury currency and $7,000,000 in monetary gold stock and a decrease of $15,000,000 in money i n c i r c u l a t i o n . The p r i n c i p a l changes in holdings of discounted b i l l s f o r the week were decreases of $4,000,000 each a t the Federal Reserve Banks of Hew York ^ d . f ; l e v e l a n d a n d $3,000,000 each a t Boston and P h i l a d e l p h i a and an i n c r e a s e of $4,000,000 a t A t l a n t a . The System's holdings of b i l l s bought in open market in c r e a s e d $14,000,000, of Treasury c e r t i f i c a t e s and b i l l s $16,000 000 and of U. S. bonds $3,000,000, while holdings of Treasury notes d e c l i n e d ' $5,ooo,oooe Changes in the amount of reserve bank c r e d i t o u t s t a n d i n g and in r e l a t e d items during the week and the year ending June 4, 1930 were as f o l l o w s : June 4, 1910 I n c r e a s e or decrease since May 28, June 5, 1910 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 reserve bank c r e d i t TOTAL RESERVE BAM CREDIT oh n ' J ^44 + 1 nnh y ,o s - 736 Jz + + 4'-, 1,7S2 +15 " 2 99 t ^3 Money in c i r c u l a t i o n 4 47g Member bank r e s e r v e b a l a n c e s 2*412 Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . *421 , +6r - ~ +19 Monetary gold stock Treasury currency a d j u s t e d W. Released f o r p u b l i c a t i o n Friday morning, June 6,1930; n o t e a r l i e r . S t . 66l4a RESOURCES AiTD LIABILITIES OP THE TWELVE FEDERAL RESERVE BAiTXS C0M3ETED ( i n thousands of d o l l a r s ) June 4.1A30 May 28.1A10 June 5.1Q2Q Gold with Federal r e s e r v e a g e n t s . . . . Gold redemption f u n d with U.S. Treasury l,6o3,7l4 37,856 1,596,714 37,857 1,303,555 67,988 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 f u n d with F.R. Board . . Gold and g o l d c e r t i f i c a t e s h e l d by "banks Total gold r e s e r v e s . . . . . . . Reserves' o t h e r than gold 1,641,570 623,375 795,63% 3,06o,579 164,710 1,634,571 635,513 787,226 3,057,310 163,519 1,371,543 679,733 792,692 2,843,968 141,383 Total r e s e r v e s 3,225,289 3,220,829 66,396 67,210 2,925,351 79,385 91,297 148,431 101,743 145,303 468,532 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 : Bonds . Treasury n o t e s C e r t i f i c a t e s and b i l l s 239,728 189,24o 247,046 175,560 977,4# 112,747 50,050 232,774 261,010 46,936 237,966 244,868 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 543,834 5,850 529,770 6,4oO 48,625 85,295 13,408 147,328 9,917 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 Uncollected items F. R. n o t e s of o t h e r banks Bank premises All other resources 978,652 709 609,194 22,064 58^71 12,495 958,776 709 564,916 19,054 58^71 1 2,194 1,247,436 4,973,470 4,902,359 5,103,318 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: Member bank - r e s e r v e account . . . . Government Foreign bank Other d e p o s i t s 1,457,317 1,465,867 1,647,435 2,4-11,730 27,246 5,489 20,054 2,346,798 4.9,771 5,387 18.*893 2,321,343 Total d e p o s i t s Deferred a v a i l a b i l i t y itoms Capital paid in 2,464,519 584,850 170,572 2,420,849 548,376 I70I515 2,365,778 649,782 157,507 19,276 19,816 RESOURCES 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 b i l l s discounted . . . . . . . . TOTAL RESOURCES 508,912 1 727 704,333 19,372 58,595 8,119 L I A B I L I T I E S . Surplus A l l other l i a b i l i t i e s TOTAL LIABILITIES 276,936 4,973,470 276,936 4,902,359 16,023 6,744 21,668. 254,398 28,418 5,103,318 R a t i o 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 . . . 82.2$ 82,9$ 74.4# 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 464,439 461,853 392,415 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 4, 1930 (In thousands of dollars) St. 66l4b Total Boston Sew York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents l , 6 o 3 , 7 l 4 164,917 258,594 140,000 190,550 69,000 107,000 249,000 67,245 53,845 75,000 28,800 199,763 Gold redemption fund with U.S.Treasury 37.856 1,156 15,006 2.693 2,204 1,333 2,378 1,59% 1,817 90S 1,592 899 6,281 Gold held exclusively against F. R. notes l , 6 4 l , 5 7 0 166,073 273,600 142,693 192,754 70,333 109,378 250,594 69,062 54,748 76,592 29,699 206,(MGold settlement fund with F.R.Board 623,375 38,254 1&7,751 48,673 73,800 17,284 15,546 115,806 29,079 15,689 33.466 20,244 47,783 Gold and gold c e r t i f . held by tanks 795.634 36.718 485.368 30.871 54,459 9,293 6,070 112,519 8,570 5,l46 9,575 9,268 27,777 Total gold reserves 3,060,579 24i,o45 926,719 222,237 321,013 96,910 130,994 478,919 106,711 75,583 119,633 59.211 281,6o4 Reserves other than gold 164,710 11,738 54,369 7,639 11,562 7,487 14,175 16,493 12,361 4,173 8,042 5,978 10,693 RESOURCES Total reserves Nonreserve cash B i l l s discounted: Secured by U.S.Govt, obligations Other M i l s discounted Total bil'ls 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 h i l l s 3,225,289 252,783 66,396 6,096 981,088 229,876 332,575 104,397 l45,l69 495,412 119,072 17,024 4,172 4,824 4,110 4,083 9,557 4,228 91,297 148,431 239,728 189,24o 7,356 9,230 16,586 14,595 32,553 16,017 48,570 74,653 50,050 232,774 261,010 l,6l4 17,778 22,085 7,857 68,205 106,818 1,311 21,639 24,370 1,096 28,26l 22,205 1,422 5,679 6,4<>4 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 543,834 5*850 4i,4?7 l y 000 182,880 3,850 47,320 51,562 1+000 — 13,505 — Total b i l l s and s e c u r i t i e s Dae from foreign banks Uncollected items F. R. notes of other banks Bank premises A l l other resources 978,652 73,658 709 52 609,194 64,351 22,064 2% 58,671 3,580 12,495 85 309,953 233 170,748 7,754 15,664 4,66o 79,875 69 55,26o 447 1,787 239 TOTAL RESOURCES 13,307 10,703 14,896 7.2a 28,203 17,924 3,352 11,44? 4,275 2,002 6,q43 6,113 14,432 30.786 11,448 15,014 18,707 32,788 18,391 21,12? 7,776 11,896 17,727 7,043 80,933 39,988 71 30 57,719 44,557 1,348 1,450 7,059 3,204 1,175 618 171 6,242 3,515 21,104 759 23,469 13,569 28,287 5,929 9,928 72,860 ~ ~ 20,257 Z 54,612 108,978 48,427 26 95 26 15,327 75,792 28,622 711 3,624 1,373 2,658 8,295 3,811 3,286 4a 300 79,756 127,675 1,697 1,923 . 643 2,607 2,979 12,672 3,622 15,279 7,429 6,049 4,937 10,176 8,809 678 7,497 8,874 23,922 17,049 ** ~ 34,973 l6 12,107 986 2,018 497 65,189 292,297 3,528 5,154 . 1,201 3,59? 8,442 5,294 9,643 8,888 4,792 22,481 8,446 9,292 8,64l 655 20,967 15,073 26,379 36,695 ~ ~ 38,377 4o,8l4 21 21 33,783 2 i , 4 6 l 1,184 kjk 3,972 1,876 298 4l0 68,064 4$ 29,467 2,468 4,74% 506 4,973,470 400,850 1,507,124 371,725 485,704 198,354 225,872 702,174 205,859 132,050 207,233 133,773 402,752 L I A B I L I T I E S Total 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 1,457,317 Deposits: 2,411,730 Member "bank - r e s e r v e account 27,246 Government Foreign "bank 5.489 20,054 Other deposits Total de-posits 2,464,519 Deferred a v a i l a b i l i t y items 584,850 Capital paid in 170,572 Surplus 276,936 All o t h e r l i a b i l i t i e s 19,276 TOTAL LIABILITIES 973,470 82.2 Reserve r a t i o ( p e r c e n t ) Contingent l i a M 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 464,439 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE B M S ' " ® JUNE 4, 1930 ( I n thousands of d o l l a r s ) S t . 66l4c Boston Hew York Phi l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 154,790 185,381 131,363 18X084 67,500 125,556 219,253 74,409 55,554 72,262 32,190 155,975 145,851 999,538 142,332 195,682 65,077 62,082 344,415 2,519 3,967 3,390 1,732 2,590 4,129 825 407 1,802 533 549 231 198 736 68 3,870 %9 2,097 m % 565 148,845 1,014,177 146,304 200,060 67,987 66,453 346,541 63,329 154,814 49,522 55,944 43,531 15,417 73,377 11,822 66,252 16,745 15,899 5,874 5,374 20,222 a,751 80,001 26,965 29,141 12,496 10,857 40,094 313 .6,499 826 1,576 966 2,215 2,687 400,850 1,507,124 371,725 485,704 198,354 225,872 702,174 83.3 81.8 82.8 86.8 77.1 75.6 87.G 34,369 79,637 2,04l 198 336 82,212 31,532 5,281 10,877 1,548 205,859 76.0 52,740 1,476 126 178 54,520 10,843 3,089 7,143 901 132,050 72.5 88,376 1,365 165 71 89,977 31,112 4,330 9,162 390 207,233 78.7 60,190 1,909 165 26 62,290 25,226 4,349 8,935 783 133,773 69.0 175,810 1,303 379 7.661 185,153 30,203 11,335 19,514 572 402,752 85.7 152,792 45,052 46,445 19,507 16,720 62,237 16,720 10,682 13,934 13,934 32,047 FEDERAL RESERVE 3T0TE STATEMENT Federal reserve n o t e s : I s s u e d t o F.R.bank by F.R. agent 1,779,033 Held by Federal r e s e r v e bank 321,716 In a c t u a l c i r c u l a t i o n 1,457,317 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 n o t e s i s s u e d t o bank: 402,008 Gold and gold c e r t i f i c a t e s 1,201,706 Gold fund - F. R. Board 421,180 E l i g i b l e paper 2,024,894 Total c o l l a t e r a l 181,481 243,895 155,918 214,199 87,880 150,510 253,91c 62,480 81,872 39,690 218,114 26,691 58,51% 24,555 31,115 20,380 &,954 34,661: 6,926 9,610 7,500 62,139 154,790 ' 3.95,581 131,363 183,084 67,500 125,556 219,253 74,409 55,554 72,262 32,190 155,975 35,300 129,617 31,101 196,018 229,968 28,626 120,063 378,657 39,900 100,100 29,649 169,549 15,550 5,000 6,000 9,145 11,845 175,000 64,000 101,000 249,000 58,100 42,000 75,000 28,001 26,423 44,518 35,942 27,757 10,944 2l,24l 218,551 95,423 151,518 284,942 95,002 64,789 g6,24i 14,300 14,500 14,286 43,086 35,000 164,763 31,255 231,01s 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 0ver Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 239,728 189,240 143,410 116,554 26,091 30,334 23,492 30,563 19,962 21,642 659 44,500 60,689 87,157 42,573 261,010 33,890 7,126 ^ ^ths° 1,336 6 months
@FedFRASER