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Released f o r p u b l i c a t i o n Friday morning, May 2; not e a r l i e r STATEMENT FOR THE PRESS St. 6573 Federal Reserve Board May 1, 1930 CONDITION OF FEDERAL RESERVE BASKS The consolidated statement of condition of the Federal r e s e r v e "banks on April 30, made public "by the Federal Reserve Board, shows i n c r e a s e s f o r the week of $22,000,000 i n holdings of discounted M i l s and $2,100,000 in U, S, Government s e c u r i t i e s , and a decrease of $*+7,300,000 in holdings of b i l l s bought in open market. Member bank reserve deposits increased $21,400,000 and cash r e s e r v e s $26,800,000, while Government deposits declined $12,500,000 and Federal reserve note c i r c u l a t i o n $11,100,000. Total b i l l s and s e c u r i t i e s were $22,700,000 below the amount reported a week ago. The p r i n c i p a l changes in holdings of discounted b i l l s f a r the tieek were i n c r e a s e s of $7,100,000 a t the Federal Reserve Bank of New York, $4,300,000 a t San Francisco, $3,600,000 a t Atlanta, $2,500,000 a t Richmond and $2,300,000 a t P h i l a d e l p h i a , and a decrease of $2,200,000 a t Cleveland. The System's holdings of b i l l s bought in open market declined $47,300,000 and of Treasury n o t e s $1,000,000, while holdings of Treasury b i l l s and c e r t i f i c a t e s increased $3,200,000. Federal r e s e r v e note c i r c u l a t i o n declined $8,100,000 a t the Federal Reserve Bank of Chicago, $1,400,000 at Kansas City and $1,000,000 each a t Boston, Richmond and Dallas, and increased $1,200,000 a t New York. A 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, together with changes during the week and the year ending A p r i l 30, 1930, follows: Increase or decrease since Apr. 30.1910 Apr. 21.1910 May 1. 1929 (in 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 3,251,597 3,072,660 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.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 in open market . . . . U. S.Government s e c u r i t i e s , t o t a l Bonds Treasury notes . . . . C e r t i f i c a t e s and b i l l s , 982,225 233,452 105,979 127,473 + + + 209,564 - 529,509 66,136 175,491 287,882 Federal r e s e r v e notes in c i r c u l a t i o n , 1,507,268 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 . . 2,433,933 2,384,721 22,674 + + — + - + - + + — 2b,821 26,260 +265,835 +260,630 22,73S 21,961 12,850 9,111 -347,020 -442,017 -310,360 47,305 + 39,143 2,121 4s 1,034 3,203 +372,779 + 15,752 + 91,013 +272,014 11,076 -156,371 11,747 21,407 12,526 + 23 , 575 + 48,904 - 11,218 -752,377 Released f o r p u b l i c a t i o n Friday morning, May 2,1930; not e a r l i e r . St. 6573a RESOURCES AETD LIABILITIES 0? m : T'TELVE FEDSR.IL RES1BV3 BA1TKS COMBINED ( i n thousands of d o l l a r s ) Apr. 30.1930 Apr. 23,1930 May 1,1929 RESOURCES Gold with Federal reserve agents . . . . Gold redemption fund with U. S. Treasury Gold held e x c l u s i v e l y 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 1,642,214 4l,097 1,633,311 634,84% 754,502 1,654,164 4l,l42 1,695,306 615,295 *735,*799 1,317,449 Total aold r e s e r v e s Reserves other than gold . . . . . . . . 3,072,660 173,937 *3,046,400 *178,376 2,812,030 173,732 3,251,597 62,607 3,224,776 66,357 2,985,762 74,287 105,979 127,473 93,129 118,362 547,996 437,333 985,829 Total r e s e r v e s . . . . . Non-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 . 61,172 1,378,621 671,114 762,295 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 and b i l l s 233,452 209,564 211,491 256,869 60,136 175,491 287,852 66,184 176,525 284,679 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 Foreign loans on gold 529,509 9,700 - 527,388 9,215 1 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 982,225 711 606,619 58,580 11,542 1,004,963 711 549,170 5^80 11,499 lM99 1,329,245 725 707,771 58,739 8,358 4,973,881 5,0l6,05b 5,164,887 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: Llember bank - r e s e r v e account . . . . Government Foreign bank Other d e p o s i t s 1,507,268 1,518,344 1.663,639 2,384,721 22,674 5,365 21,173 2,363,314 ' 35'200 5!775 17,*897 2,335,817 33,892 8,34o 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 2,433,933 562,769 174,209 276,936 18,766 2,422,186 605,006 174*243 276,936 19,34l 32,309 2,4io,35S 656,452 155,958 254,398 24,072 4,973,881 5,016,056 5,164,887 . . TOTAL RESOURCES 170,421 50,384 84,478 15,868 150,730 7,366 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 t o deposit and F. R. note l i a b i l i t i e s combined . . . 32.5$> Si.8^ 73.3% 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 465,458 459,983 349,257 •Revised f i g u r e s . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 30, 1930 (in thousands of d o l l a r s ) Total Boston New York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Gold with Federal Reserve Agents 1,642,214 184,917 258,594 140,000 175,550 73,000 107,400 279,000 72,345 55,845 Gold redemption fund with U.S.Treasury 4l,097 1,347 15,257 2,922 2,385 2,000 2,64l 1,814 1,886 1,922 Gold h e l d exclusively a g a i n s t F. R. notes 1,683,311 186,264 273,851 142,922 177.935 75.000 110,o4l 280,814 74,231 57,767 Gold settlement fund vrith F.R.Board 634,847 21,806 217,079 29,639 69,896 13,563 14,088 148,100 24,042 17,14-7 Gold and gold c e r t i f . h e l d by banks 754,502 35.535 449,Slo 39.317 52,337 8,630 5,851 99,963 8,051 6.459 Total gold r e s e r v e s 3.072,66o 243,605 940,546 211,878 300,168 97,193 129,980 528,877 106,324 81,373 Reserves other than gold 178.937 13,224 55.663 14,272 13,003 7,014 14,790 •16,330 12,926 4,357 Total r e s e r v e s 3.251,597 256,829 996,209 226,150 313,171 104,207 144,770 545,197 119,250 85,730 Non-reserve cash 62,607 11,319 6,957 4.491 3,633 4,753 5.091 8,460 4,427 1,503 B i l l s discounted: Secured by U.S. Govt, o b l i g a t i o n s 6,038 105,979 29,153 15.042 11.721 5.108 1,680 14,645 5,474 975 Other b i l l s discounted 127,473 12,117 14,539 8,996 13,823 23,972 8,653 10,644 2,706 7,699 Total b i l l s discounted 233.452 13,737 4 i , 270 29.581 20,717 18,931 25,652 23,29s 16,118 3,681 B i l l s bought in open market 209,564 15,075 22,262 49,794 7.987 19,611 8,978 8,615 19,429 9,863 U. S. Government s e c u r i t i e s : 66,136 1.190 Bonds 27,200 112 20,564 670 1.299 978 645 4,752 Treasury notes 175.491 12,646 3,660 4,508 l 6 , i 4 o 11.511 6,503 53.397 17,318 22,695 287,882 26,487 C e r t i f i c a t e s and b i l l s 114,571 27,829 26,631 7,681 4,172 33,76o 7,222 7.112 Total U.S. Govt, s e c u r i t i e s 529,509 40,323 195,168 46,125 49,996 l2,64o 8,792 70,464 19,26s 18,477 Other s e c u r i t i e s 1,000 9.700 1,000 7.700 S t . 6573b RESOURCES 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 Bank premises All other resources TOTAL RESOURCES 982,225 U , r J 606,619 58,580 11,542 70,135 , 53 61,929 3,580 53 84,693 90,324 40,549 226 70 72 30 166,698 48,650 60,126 42,520 15,664 1.762 7.059 3.204 174 1,120 3.550 632 293,932 56,706 113,191 26 97 20,840 79.598 2,658 8,295 382 3,639 45,249 30,773 26 17 25,755 12,576 2,018 3,811 462 308 Kans.Cy. Dallas San Fran. 75.000 30,800 189,763 1,635 912 6.376 76,635 38,076 10.892 125,603 8,589 31,712 196,139 l4,o4g 27,362 9.009 28.842 54,770 252,343 7.552 11,227 134,192 2,124 62,322 263,570 4,656 5,173 3,499 11,600 15.099 11.703 81 1,886 3,957 5.924 - 11,306 5.872 8,190 17,17s 6,420 29,227 1,338 6,852 8,279 6,978 10,380 366 18,249 18,080 25,637 36,695 - - 32,726 4o,247 83,700 22 22 50 34,445 20,456 33.026 1,876 4,681 3.972 334 412 476 4,973,881 399.536 1,487,598 365.132 476,625 195,633 233,730 755.240 198,826 133,079 207.815 129,991 390,676 L I A B I L I T I E S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BARKS OB APRIL 30, 1930 (In thousands of d o l l a r s ) Total Boston New York Phi l a . Cleve. Rich. A t l a n t a Chicago St.Louis St. 6573c Minn. ICans.Cy. F.R.notes in a c t u a l c i r c u l a t i o n 1,507,268 159,991 175,803 142,200 182,277 68,726 127,896 254,510 76,000 59,616 74,203 Deposits: Member "bank - reserve account 2,384,721 142,622 991,131 134,329 187,220 63,736 64,599 361,241 75,836 51,113 87,285 Government 22,674 1,451 2,787 1,306 2,037 2,949 2,433 2,o64 1,809 1,194 1,573 Foreign bank 5,365 419 1,568 549 566 237 204 758 204 130 170 Other deposits 21,173 102 10,528 65 1,317 117 103 504 290 141 69 Total deposits 2,433,933 144,594 i,oo6,oi4 136,249 191,140 67,039 67,339 364,567 78,139 52,578 89,097 Deferred a v a i l a b i l i t y items 562,769 61,252 149,907 42,218 56,636 40,473 20,012 73,043 26,954 9,74o 30,644 C a p i t a l paid i n 174,209 11,659 69,756 16,727 15,298 5.896 5,461 20,325 5,348 3,096 4,332 Surplus 270,936 21,751 80,001 26,965 29,i4I 12,496 10,857 4o,094 10,577 7,143 9,162 All other l i a b i l i t i e s 18,766 289 6,117 773 1,533 1,003 2,165 2,701 1,508 906 377 TOTAL LIABILITIES 4,973,881 399,536 1,487,598 365,132 476,625 195,633 233,730 755,240 198,826 133,079 207,815 Reserve r a t i o (per c e n t ) 82.5 84.3 ' . . . '74.2 84.3 81.2 83.9 76.8 38.1 77.4 76.4 82.2 Contingent l i a b i l i t y on "bills p u r chased f o r f o r e i g n correspondents 465,458 34,018 156,999 44,591 45,970 19,308 16,549 61,600 16,549 10,573 13,791 F.H.notes on hand (notes r e c ' d from F.R.Agent l e s s notes in c i r c u l a t i o n ) 319,719 28,908 54,484 24,165 30,66i 22,619 25,932 37,430 16,324 4,784 9,991 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS TP.R.notes r e c ' d from Comptroller 3,100,743 305,799 687,976 207,865 296,718 120,455 229,778 525,250 110,124 98,850 124,524 F.R.notes h e l d by F. R. Agent 1,273,756 116,900 457,689 41,500 83,780 29,110 75,950 233,310 17,800 34,450 4o,33Q F.R.notes i s s u e d to F.R. Bank 1,826,987 188,899 230,287 166,365 212,938 91,345 153,828 291,9140 92,324 64,4oo 84,194 C o l l a t e r a l h e l d as s e c u r i t y f o r F.R.notes i s s u e d to F.R. Bank: Gold and gold c e r t i f i c a t e s 402,108 35,300 229,968 39.900 15.550 5.000 6,000. 9,245 11,845 Gold fund - F. R. Board i,24o,io6 149,617 28,626 100,100 160,000 6s,ooo ioi,4oo 279,000 63,100 44,000 7K,ooo E l i g i b l e payer 430,307 28,735 87,677 34,758 38,740 27,015 47,083 42,546 24,683 12,065 26,500 Total c o l l a t e r a l 2,073,021 213,652 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 and b i l l s 233,452 209,564 287,882 1,580 61,709 163,900 1,067 2,004 170 390 41 7,896 62,987 174,190 20,548 31,342 4,360 11,351 8,935 19,514 752 642 129,991 390.676 65.3 80.4 13,791 MATURITY DISTRIBUTION OF BILLS AIJD SHORT TERM SECURITIES s. r, 91 days to 16 to 30 days 31 to 60 days 6l to 90 days 6,months 17,292 18,878 14,362 29,723 44,260 26,000 39,864 50,802 11,913 39,500 3,157 91,151 31.719 10,194 54,227 86,540 306,864 43,937 99,000 42,603 207,8& 14,300 16,500 14,204 346,271 174,758 214,290 100,015 154,483 321,546 97,028 67,910 101,500 45,oo4 Within 15 days 149,986 110,370 Dallas San Fran. 32,409 153,637 35,000 154,763 46,801 236,564 Over 6 months 3,211 78,849
@FedFRASER