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ST.ITS1DSTT .TOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, March 29; not e a r l i e r . St, 6l45 Federal Reserve Board, March 28, 1929• COxJDIIIOtf OF FEDERAL RESERVE BASKS The 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 "arch 27, rn.de 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 $31,4-00,000 i n holdings of discounted b i l l s , and decreases of $23,400,000 in b i l l s bought in open market and of $15,000,000 i n U. S. 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 declined $7,4-00,000, v/hile Government d e p o s i t s i n creased $18,200,000, cash r e s e r v e s $1,200,000 and Federal reserve note c i r c u l a , t i o n $11,300,000. Total b i l l s and s e c u r i t i e s were $37,900,000 above the amount h e l d on March 20. Holdings of discounted b i l l s increased ^91,000,000 a t the Federal Reserve Bank of lev; York, $20,000,000 a t Boston, $8,600,000 a t P h i l a d e l p h i a , and $6,800,000 a t Cleveland, and decreased $52.,500,000 a t Chicago. The System's holdings of b i l l s bought i n open market declined $28,400,000 and holdings of c e r t i f i c a t e s of indebtedness, which l a s t week included a temporary c e r t i f i c a t e f o r $19,000,000 i s s u e d by the Treasury to the Federal Reserve Bank of Hew York, dec l i n e d $15,300,000, v/hile holdings of U. S. bonds and Treasury notes v/ere 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 was $11,300,000 l a r g e r than a week ago, the p r i n c i p a l i n c r e a s e s being $8,300,000 at P h i l a d e l p h i a , $7,000,000 at Cleveland and $5,000,000 at Chicago. X summary of the 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, t o gether with changes during the week and the year ending March 27, 1929, follows: Increase or decrease since Mar. 27. 1929 Mar. 20.1929 Mar. 28,1928 (In thousands of d o l l a r s ) + 1,224 - 51 > 9 2 2,379,015 - 50,703 - 2,753 2,709,260 Total r e s e r v e s Gold r e s e r v e s 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 Sec. by U.S.Govt, o b l i g a t i o n s Other 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 , 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 1,409,712 + 37,941 + 152,691 1,024,130 621,980 + 500,034 402,150 + 81,393 + 33,541 + 47,352 208,427 - 28,411 - 137,676 170,310 51,611 91,190 27,509 - 15,O4I - 215,522 - 4,100 Federal reserve notes in c i r c u l a t i o n 1,652,379 Total deposits Members' reserve d e p o s i t s Government deposits 2,333,386 2,332,131 23,405 . . . + 236 - 15,327 + 11,302 + 13,076 - 7,363 + 13,335 + 299,946 + 200,088 - 72,422 - 139,000 + 85,827 - 20,829 - ' 24,962 1,352 Released for p u b l i c a t i o n Friday morning, March 29,1929; not e a r l i e r . St. SlU^a RESOURCES AZTD LIABILITIES OF THE T3IVE FEDERAL RESERVE BANKS COMBINED (In thousands of d o l l a r s ) Mar. 27.192Q Mar. 20.1929 Mar. 22.1923 RESOURCES Gold with Federal reserve agents . . . . Gold redenntion fund r i t h U.S. Treasury 1,271,104 66,725 Gold held exclusively a g a i n s t F . 5 . n o t e s 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 1.337,229 Total gold r e s e r v e s Reserves other than gold Total r e s e r v e s Eon-reserve cash B i l l s discounted: Sec. "by U.S. Government o b l i g a t i o n s 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 : Bonds Treasury n o t e s C e r t i f i c a t e s of indebtedness 2,709,250 169,755 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 f o r e i g n banks Uncollected items Bank premises All other resources TOTAL RESOURCES . . . 709,176 1,300,276 1,331,253 50,652 70,707 1,371.523 1,321,915 714,929 675,996 663,059 664,434 2,712,013 77,510 165,773 2,877,791 72,367 621,920 522,439 1,024,130 202,427 942,737 2,279,015 402,150 51,611 91,190 27,509 170,310 6,245 1,409,712 723 673,629 52,693 7,970 5,107,312 354,298 236,238 51,611 90,904 42,836 125,351 2,759,963 . 170,544 2,930,507 67,726 322,034 202,062 524,096 346,103 55,711 163.612 166,509 6,845 325,832 990 2,010 9,326 5,143,043 4,520,951 1,652,279 1,641,577 1,567,052 2,332,121 23,405 6,058 2,339,544 4,570 6,047 20,149 2,357,143 24,757 2,323,326 640,220 2,370,310 701,967 153,730 254,392 2,4o4,215 566,358 136,150 233,319 13,857 1,371,771 1,257,021 570 723 747,690 595,975 59,266 58,691 L I A B I L I T I E S 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 d e p o s i t s Total deposits Deferred a v a i l a b i l i t y items . . , Capital paid i n Surplus All other 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 . . . 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 % c. 21,742 154,310 254,392 22,059 5,107,312 21,061 5,143,043 5,007 17,308 4.920,951 71.356 71.7* 73.8$ 332,165 329,194 243,009 RESOURCES AID LIABILITIES OF THE FEDERAL RESERVE BANKS W MARCH 27, 1929 ( i n thousands of d o l l a r s ) St. 6l45b RESOURCES Total Boston llevz York Phi l a . Cleve. Gold M t h Federal- Reserve Agents 1,271,104- 83,825 281,581 82,401 157,04g Gold redemption fund vriLth U.S.Treas. 66,785 11,222 10,754 8,595 5,249 Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 51,*+79 109.897 182,391 18,827 54,026 53,5^4 26,154 169,931 lj4l 2,638 10,673 5,259 3,180 2,035 1,826 3,6l3_ Gold held exclusively a g a i n s t F. R . notes 1,337,889 Gold settlement fund v;ith F.R.Board 709,176 Gold and gold c e r t i f . h e l d by banks 662,195 m o t a l -old r e s e r v e s 2,709,260 Reserves other than gold l6g,755 30,087 6 l , 3 S 4 37,025 46,057 920,898 158,108 269,738 48,388 7,266 11,832 , 53,220 112,535 193,064 13,453 l6,527 167,188 14,652 8 , l 4 o 58,618 81,325 137,202 418,870 7,946 9,331 21,528 969,286 165,374 89,271 146,533 95,047 55,817 23,l45 174,009 16,128 Total r e s e r v e s 2,879,015 190,137 ITon-reserve cash 77,510 6,862 B i l l s discounted; Secured by U.S.Govt, o b l i g a t i o n s 621,980 42,828 Other b i l l s discounted 402,150 26,554 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 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 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 Bank premises All other resources TOTAL RESOURCES 1,024,130 69,352 208,427 26,095 51,611 689 292,335 214,217 4i4,346 29,880 90,996 162,297 281,570 2,4l6 5,101 92,757 112,979 4,971 1,156 2,o4o 11,798 2,525 14,323 3,328 11,411 18,872 30,283 54,4gi 29,259 19,83b 25,078 12,519 115,448 37,421 69,232 28,033 26,121 299,173 35,821 105,805 18,776 83,750 23,378 44,914 11,753 49,940 184,650 i o , 4 i o 14,732 54,154 8,412 585 9,779' 7,747 548 27,922 1,152 845 903 301 25 19,937 5,106 3,373 2,431 378 18,111 29,315 2,356 2,534 2,114 170,310 5,337 20,148 2,095 357,237 142,692 136,443 59,023 218 194,143 16,037 970 74 66,083 6,535 1,184 33 50,g4o 3,575 501 5,107,312 365,827 1,567,821 367,142 496,990 205,314 - 1,409,712 100,814 723 673,689 52,693 7,970 54 64,183 3,702 75 - 70 54,695 1,752 135 27,407 4^,787 5,504 5,475 90,117 106,841 2,64p 6,138 68,011 4,355 67,180 35,625 91,190 27,509 57,206 55,579 27,980 173,544 440,398 5,046 8,121 196,001 103,172 1,384 9,195 9,569 6,845 24,086 17,836 10,564 52,486 15,525 — 3,776 - 27,474 64,126 226,886 28 99 71,375 228,291 7,283 15,750 78,658 244, o4i 4,io6 3,454 6,44i 4,884 55,994 11,325 76,401 26,054 20,407 14,343 7,125 4,534 7,755 11,426 4,341 902 382 1,136 512 19,063 9,257 9,793 7,313 3,239 1,239 12,470 12,291 13,389 $1,629 29 64 855 1,250 2,000 1,500 33,908 51,901 37,959 117,094 13 24 24 52 23,085 37,730 1,922 3,704 455 515 52,298 25,167 11,670 36,694 2,744 3,529 3,593 2,110 4 , i 4 o 425 319 709 897 1,779 244,256 767,225 186,512 142,328 205,097 24,000 26,58! 28,166 10,325 - - 32,892 10,503 - 145,615 4O7,1S2 RESOURCES ilTD LIABILITIES'OF TKE FEDERAL RESERVE BAHKS OE im.CE 27^ 1929 ol^c ( i n thousands of d o l l a r s ) Total Boston ITew York P h i l a . CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F. R. notes i n a c t u a l c i r c u l a t i o n 1,652,879 129,653 295,027 145,489 208,588 71,742 135,726 284,987 58,301 63,375 66,176 37,757 155,553 Deposits: 2,332,181 140,174 Keniber t a n k - reserve account 938,732 129,239 181,313 65,627 67,933 340,962 78,000 55,323 92,836 69,086 172,856 Government 23,405 925 9,969 1,754 557 1,56s 980 2,531 844 960 1,127 1,197 993 Foreign bank 6,053 433 1,932 562 596 269 ' 223 801 146 234 193 193 421 21,742 87 Other deposits 8,095 4s 61s 104 36 1,76s 2,037 163 231 16 8,484 Total d e p o s i t s 2,333,336 141,619 958,828 131,603 133,084 67,568 69,277 346,062 81,231 56,544 94,324 70,492 182,754 Deferred a v a i l a b i l i t y items $40x230 63,375 131,890 49,SOS 62,134 49,241 21,850 76,194 29,149 10,757 33,489 23,542 38,851 C a p i t a l paid i¥i 154,316 10,306 55,229 14,970 14,683 6,173 5,344 19,350 "57508 3,056 4,297 ^ 4,456 10,393 Surplus 254,39S 19,619 71,282 24,101 26,345 12,399 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 22,059 1,255 5,565 1,171 2,156 1,186 1,505 4,193 1,503 974 725 673 1,148 TOTAL LIABILITIES 5,107,312 365,827 1,567,821 367,142 496,990 203,314 244,256 767,22s 186,512 142,328 208,097 l 4 5 , 6 l 5 407,182 Reserve r a t i o (per c e n t ) 71-3 70.1 77.3 59.7 71.9 64.1 71.5 69.3 48.7 77.0 70.4" 72.7 72.1 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 332,165 24,311 103,178 31,539 33,510 15,113 12,813 45,009 I3,i4l 8,213 10,342 10,842 23,654 F.R.notes 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 ) 397,36s 20,594 120,320 32,912 30,562 13,664 32,770 33,839 10,631 7,743 12,135 9,521 68,177 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS • F.R.notes r e c ' d from Comptroller 2,867,384 223,672 764,742 212,701 270,180 111,117 222,256 419,2% 81,462 85,352 i o 4 , 6 s i 59,800 312,135 F.R.notes hold by F.R.Agent 816,637 73,425 349,395 34,300 31,030 20,711 53,760 100,420 12,530 13,774 26,370 12;522 8g,4oo F.R.notes issued to F.R.Barik 2,050,747 150,247 415,347 178,401 239,150 90,4o6 168,496 318,826 68,932 71,618 78,311 47,27s 223,735 Collateral held as security for F.R.notes issued to F.R.Bank: Gold and gold c e r t i f i c a t e s 367,195 35,300 171,880 4,000 50,000 6,690 27,350 8,050 14,167 14,758 35,000 Gold redemption fund 97,659 15,525 14,701 13,744 12,043 5,789 8,547 1,391 1,777 1,359 3,184 5,396 13,69s Gold fund - F. R. Board 806,250 33,000 95,000 64,657 95,000 39,000 74,000 181,000 9,000 33,ooo 50,360 6,000 121,233 E l i g i b l e paper 1,178,876 99,400 308,702 103,533 104,769 51,327 59,354 199,106 62,262 22,357 4o,253 25,398 101,4i5 Total c o l l a t e r a l 2,4149,980 179,225 590,283 190,934 261,817 102,806 169,251 331,497 81,089 76,383 93,797 51,552 271,346 MATURITY DISTRIBUTION OF BILLS AND CERTIFICATES OF INDEBTEDNESS 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 ir'onths B i l l s discounted 1,024,130 865,446 40,319 65,365 42,679 7,331 2,990 B i l l s bought in open market 208,427 93,984 52,370 2b,164 33,147 2,762 C e r t i f i c a t e s of indebtedness 2,940 27,509 128 8,000 l6,44l C. L I A B I L I T I E S
@FedFRASER