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STATEMENT FOB THE PRESS Released f o r publication Friday morning, May 23; not e a r l i e r . st. 6596 Federal Reserve Board May 22, 1930 CONDITION OF FEDERAL RESERVE BAMS The consolidated statement of condition of the Federal reserve banks on May 21, made public by the Federal Reserve Board, shows increases f o r the week of $15,800,000 in holdings of b i l l s bought in open market and $400,000 in U. S. Government s e c u r i t i e s , and a decrease of $500,000 i n b i l l s discounted. Member bank reserve deposits declined $5,200,000 and Federal reserve note c i r c u l a t i o n $12,200,000, idiile Government deposits increased $24,300,000. Total b i l l s and s e c u r i t i e s were $11,600,000 above 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 o r the week were decreases of $4,600,000 a t the Federal Reserve Bank of Cleveland, $1,500,000 a t Boston and $1,000,000 a t New York, and decreases of $2,400,000 a t St. Louis and $1,000,000 each a t Atlanta and Dallas. The System's holdings of b i l l s hou^it in open market increased $15,800,000, of Treasury "bills and c e r t i f i c a t e s $10,200,000 and of Treasury notes $900,000, while holdings of U. S. bonds declined $10,700,000. Federal reserve note c i r c u l a t i o n increased $9,000,000 a t the Federal Reserve Bank of New York and declined $6,400,000 a t Chicago, $5,700,000 a t Philadelphia, $4,600,000 a t Cleveland, $1,900,000 a t Boston, and $12,200,000 a t a l l Federal reserve "banks. 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 May 21, 1930, follows: Increase or decrease since May 21. 1910 May l4. 1930 May 22.1929 (In thousands of d o l l a r s ) Total reserves . Gold reserves 3,248,051 3,076,456 931,603 208 + 239,920 + 234,554 + 2,374 + 11, 580 - 271,913 - 694,427 133,620 487 - 7,164 + 6,677 - 426,179 186,884 +15,849 + 48,898 528,320 + 418 + 375,033 291,857 + 10,202 + 102,848 + 280,795 Federal reserve notes in c i r c u l a t i o n 1,452,663 -12,234 - 186,891 Total deposits Members' reserve deposits . . , . Government deposits . . . . . . . . 2,438,911 2,374,166 37,088 +18,081 - 5,194 + 24,251 + n4,4oo 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, obligations 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 w. 209,999 76,379 41,776 194,687 -10,655 + 871 - 268,248 - 8,610 + 98,4I4 + 17,797 Released, f o r p u b l i c a t i o n Friday morning, May 23,1930; not e a r l i e r . 0? THE St. 6596a RESOURCES MB LIABILITIES FEDERAL RJSHRVE BANKS COLBIIOD (in thousands of d o l l a r s ) Hay a , 1930 May 14,1930 May 22,19% Gold with Federal reserve agents Gold redemption fvnd vath U. S. Treasury . . 1,621,714 39»483 1,64o,814 4q,722 1,318,551 6l ,196 Gold held exclusively against F.R.notes 1,661,197 1,681,536 1,379,747 6l4,457 500,802 597.981 794,565 052,4o4 809,751 3,076,456 2,841,902 69,096 3,074,082 174,177 3,248,259 66,349 3,008,131 85,517 76,379 133,620 209,999 186,884 83,543 126,943 210,486 171,035 502,553 401,858 904,426 137,986 41,776 194,687 291,857 52,431 193,816 281,655 50,386 91,839 ll,0o2 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 528,320 6,4oo 527,902 lot6oo 153,287 7,817 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 . 931,603 710 631,038 920,023 712 724,146 1,203,516 726 691,828 12,2p4 12,369 8,319 4,951,348 5,030,438 5,056,79$ 1,452,663 1,464,897 1,639,554 2,374,156 37,088 5,497 22,l6p 2,438,911 27379,560 12,357 5,526 2,275",752 23,107 19,291 6,362 23,106 2,420,830 2,324,511 588,896 174,240 674,399 1^4[154 655,2)2 156,'279 19,702 19,222 26,824 RESOURCES Gold settlement fund -Jith F. R. Board . . . Gold and gold c e r t i f i c a t e s held by banks . Total %old reserves Reserves other than ^old Total r e s e r v e s . . . . IIon-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 ooen 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 Bank premises All other resources TOTAL RESOURCES . 171,595 3,248,051 58,646 58,580 166,229 58,761 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 d e p o s i t s Deferred a v a i l a b i l i t y items . . . . . . Capital paid in . . All other l i a b i l i t i e s TOTAL LIABILITIES 2^6,936 4,951,348 276,936 5,030,438 254,398 5,056,79s Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . . 83.5$ 83.6^ 75*9$ 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 46l,l3l 471,648 381,751 RESOURCES RESOURCES MD LIABILITIES OF THE Z3DERAJ. RESERVE BMICS ON Mil 21, 1930 ( I n thousands of d o l l a r s ) Gold with Federal Reserve Agents 1,o21,7l4 Gold redemption fund with U.S.Treasury 39,483 Gold held exclusively against F . R. notes 1,661,197 Gold settlement fund with F.R.Board 6l4,457 Gold and gold c e r t i f . held by banks 500,802 Total gold reserves 3,076,456 Reserves other than gold 171,595 Total reserves 3,248,051 Non-reserve cash 69,096 B i l l s discounted; Secured by U. S. Govt, obligations 76,379 Other b i l l s discounted 133,620 Total b i l l s discounted 209.999 B i l l s bought in open market 186,884 U. S. Government s e c u r i t i e s : Bonds 41,776 Treasury notes 194,687 C e r t i f i c a t e s and b i l l s 291,857 Boston Hew York Phila. Cleve. 174,917 258,594 140,000 185,550 1,217 15,076 2:,781 2,252 33,6ll 33,776 7.244 10,825 18,069 17,4-13 14,762 14,518 15,413 14,013 29,280 50,550 29,431 13,371 16,737 4,689 13,049 8,894 1,190 13,190 25,943 2,275 63.643 112,137 978 17,746 27.4oi 670 1,299 23,243 3,818 26,083 7,523 40,323 1,000 173,058 4,400 46,125 1,000 49,996 528,320 6,400 Total b i l l s and s e c u r i t i e s Due from foreign banks Uncollected items Bank premises All other resources 531,603 76,305 710 53 631,038 62,864 58,646 3,530 12,2q4 54 273,670 142,781 204,146 482,249 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 RESOURCES Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 73.000 110,000 259,000 09,245 55,84$ 75,000 30,800 189,763 1,562 2,424 1,637 1,835 1,906 l,b02 903 6,288 187,802 74,562 72,026 13,733 53,751 9.129 234,451 960,065 210,168 313,579 97,424 12,2q4 53,065 8,559 12,074 7,374 246,655 1,018,130 218,727 325,653 io4,798 7,711 16,943 4,012 5,057 4,101 176,134 22,321 35,996 11,342 7.029 S t . 6596b 3,024 13,713 12,640 112,424 260,637 71,080 57,751 76,602 31,703 196,051 11,12% 120,353 27,6o4 12,600 31,072 14,781 51,076 6,459 119,918 7,787 5,143 10,016 9,115 27,463 130,012 500,913 106,471 75,494 117,690 55,599 274,590 i4,379 16,444 12,797 4,032 8,163 7,134 10,370 l44,391 517,357 119,268 79,526 125,853 62.733 2847q60 4,772 3,725 4,904 1,917 1,762 4,180 5,012 4,773 2,651 1,479 335 12,154 2,846 12,955 7,330 16,932 3,231 15,606 3,809 9,193 7,015 3,754 7,265 3,257 5,494 8,751 25*267 121 20,564 645 4,779 607 3,279 4,590 17,339 11,657 8,353 5,294 7,193 4,076 33,106 6,966 10,325 10,424 10,165 8,787 71,009 19,268 23,457 16,325 25,637 366 is,621 17,70s 36,695 1,351 10,193 24,152 8,586 26,003 16,606 13,779 18,184 262,232 81,245 Sl,4l6 33,271 51.396 107.972 4-5,398 33,703 40,685 4 l j l l 70,713 233 69 71 30 26 95 26 l6 21 21 49 166,348 56,125 63,634 44,898 19,437 85,781 29,417 12,757 33,120 22,34O 34,317 15,664 1,762 7.059 3,2o4 2,658 8,295 3,811 2,018 3,972 1,876 4,747 4,n4 207 1,177 779 3,491 4i2 305 443 303 4l4 505 4,951,34s 397.722 1,483,720 362,147 484,067 196,031 226,171 728,637 203,129 130,330 205,716 133,275 400,303 . L I A B I L I T I E S RESOURCES ASD LIABILITIES OF THE FEDERAL RESERVE BANKS Oil MAY 21, 1930 ( i n thousands of d o l l a r s ) 'Total Bgston 2T evr York Phi l a . CI eve. Rich. Atlanta Chi c ago St. Louis S t . 6596c Minn. Xans.Cy. Dallas San Fran. 1,452,663 154,855 174,226 132,372 175,663 66,711 124,970 231,434 75,764 56,92s 72,580 31,503 152,657 F.R.notes in a c t u a l c i r c u l a t i o n Deposits: 2,374,156 142,209 Member "bank - r e s e r v e account 971.53b ij4,23> 194,585 65,45s 5l,2S3 351*894 77,413 50,83^ 8?,023 • 63,300 -72,537 37,OSS 3,SSI Government 17,615 333 1,934 2,082 1,986 1,971 1,510 770 1,5J>3 1,592 1,576 Foreign bank 161 5. l e7 397 1.897 521 537 225 193 719 193 123 161 370 22,160 59 11.087 Other deposits 51 1,615 92 64 559 342 150 62 36 S,O43 Total d e p o s i t s 2,433,911 146,546 1,002,185 135,139 193,671 68,867 63,526 355,143 79,453 51,877 89,584 65,089 182,326 Deferred a v a i l a b i l i t y items 533,896 62,376 150,864 50,119 60,099 41,123 19,253 78,872 30,150 io,4oo 29,669 22,6l4 33,357 Capital paid in 174,240 11,822 69,766 16,73s 15,399 5,584 5,370 20,316 5,335 3.100 4,329 4,355 11,326 Surplus 276,936 21,751 80,001 26,965 29,i4I 12,496 10,857 40,094 10,577 7,l43 9,162 5,935 19,514 All other l i a b i l i t i e s 19,702 372 6,673 5i4 1,594 1,000 2,195 2,773 1,545 932 392 623 779 TOTAL LIABILITIES 4,951,34s 397,722 1,483,720 362,147 484,067 196,081 226,171 728,637 203,129 130,330 205,716 133.275 4oo,3o3 S3.5 Sl.s 31. S Reserve r a t i o (per c e n t ) So. 5 85.2 36.3 77.3 76.6 64.9 76.S. 73.1 77.6 84.9 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 461,131 33,325 155,955 43,683 45,034 18,914 16,212 60,345 16,212 10,358 13,510 13,510 31,073 F.E.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 ) 3 4 l , 1 5 4 3 2,483 57,751 25,831 35,615 22,311" 26,795 33,993 14,171 5,856 9,935 9,431 61,932 FEDERAL RESERVE MOTE ACCOUNTS OF FEDERAL RESERVE AGENTS 3,054,437 298,833 655,397 202,503 294,153 115,947 227,875 512,537 107,135 96,154 122,045 33,034 308,789 F.R.notes r e c ' d from Comptroller 1,260,620 111,500 453.420 44,300 79.575 26,925 76,110 242,110 17,200 33,4oo 39.530 42,050 94,200 F.E.notes held by F. E. Agent 1,793,817 187,335 231,977 153,203 214,278 89,022 151,765 270,427 89,935 62,734 82,515 4O,9S4 2i4,5C9 F.R.notes i s s u e d to F.R.Bank C o l l a t e r a l held as s e c u r i t y f o r F.E.notes issued to F.E.Bank: '402,008 35.300 Gold and gold c e r t i f i c a t e s 229,96s 39,900 15,550 5,000 6,000 9,145 11,845 14,300 35.000 1,219,706 139,617 28,626 100,100 170,000 68,000 io4,ooo 259,000 60,100 44,ooo 75,000 16,500 154,763 Gold fund - F. It. Board 356,821 35,404 E l i g i b l e paper 76,333 30,898 30,057 25,309 42,306 36,779 25,536 10,131 24,265 15,959 33.844 2,008,535 210,321 334,927 170,898 215,607 98,309 152,306 295,779 94,731 65,976 994265 46,759 223,607 Total c o l l a t e r a l MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to Total Within 15 days Over 6 months • l 6 to 30 days 31 to 60 days 6l to 90 days 6 months 120,809 209,599 B i l l s discounted 1,143 19.815 17,202 31.074 19,956 185,884 103,146 36,754 654 B i l l ' s bought in open market 9.212 37,118 291,857 47,188 C e r t i f i c a t e s and b i l l s 69,300 74,556 48,350 52,363
@FedFRASER