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STATEMENT FOR THE PRESS Rqleased f o r p u b l i c a t i o n Friday morning, May 3; not e a r l i e r . s t . 6176 f e d e r a l Reserve Board, May 2, 1929. CONDITION OF FEDERAL RESERVE BAKES I n c r e a s e or decrease s i n c e May 1. 1Q2Q Apr. 24. 1Q2Q May 2. 1Q28 ( I n 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 2,985,762 2,812,030 To tajl. b i l l s and s e c u r i t i e s + + 1,329,245 12,346 13,449 + + 4s,644 117,312 102,600 84,202 B i l l s discounted, t o t a l $c cured by U.S.Govt, o b l i g a t i o n s Qther b i l l s discounted 985,829 547,996 437,833 + + 11,316 6,745 4,571 + + + 228,775 37,744 191,031 B i l l s bought i n open market . . . 170,421 +29,246 - 192,680 U.9.Government s e c u r i t i e s , t o t a l . $onds treasury notes * C e r t i f i c a t e s of i n d e b t e d n e s s . . 150,730 50,384 84,478 15,868 1,218 4,152 * Federal r e s e r v e n o t e s i n c i r c u l a t i o n 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 " C. 1,663,639 2,4IO,358 2,335,817 33,892 + + + 94s 141,572 4,496 1,986 120,668 11,078 73,000 60,274 83,163 106,043 13,892 45,599 3,038 i6,4os Released f o r p u b l i c a t i o n Friday morning, May 3, 1929; not e a r l i e r . S t . 6176a RESOURCES A1TD LIABILITIES OF THE TsTELVE FEDERAL RESERVE BALTICS COMB DIED ( I n thousands of d o l l a r s ) Hay 1, 1929 RESOURCES Apr. 24. 1929 May 2. 1928 Gold with F e d e r a l r e s e r v e a g e n t s Gold redemption f u n d w i t h U.S. Treasury 1,317,449 61,172 1,279,901 68,466 1,190,083 59,661 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 . n o t e s Gold s e t t l e m e n t f u n d w i t h 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 hanks . Total gold reserves 1.37S,621 671,114 762,295 2,812,030 1,348,367 682,613 767,601 2,798,581 Reserves o t h e r than g o l d 173,732 2,985,762 174,835 1,249,744 859,878 599,808 2,709,430 159,020 74,287 2,973,416 78,988 2,868,450 62,790 547,996 437,833 541,251 433,262 510,252 246,802 985,829 170,421 974,513 141,175 757,054 363,101 T o tal 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 l o a n s on gold 50,384 84,478 15,868 150,730 7,366 14,899 51,602 80,326 17,854 i4g,782 54,880 100,886 136,536 292,302 990 T o t a l b i l l s and s e c u r i t i e s . . 1,329,245 Total r e s e r v e s ^ o n - r e s e r v e 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 d i s c o u n t e d Total b i l l s d i s c o u n t e d S i l l s bought i n open market U. S. Government s e c u r i t i e s : . . . . Treasury n o t e s C e r t i f i c a t e s of i n d e b t e d n e s s Due from f o r e i g n banks 7,396 7,^35 1,280,601 1,413,447 5,164,887 724 680,417 58,739 7,780 5,080,665 5,112,187 1,663,639 1,652,561 1,590,639 2,335,817 33,892 8,340 32,309 2,290,218 30,854 9,856 19,156 2,44l,86o 20,000 6,317 25,344 2,410,358 656,462 155,958 254,398 24,072 2,350,084 643,581 155,851 254,39s 24,190 2,493,521 64o,996 137,605 233,319 16,107 5,164,887 5,080,665 5,112,187 725 707,771 58,739 8,358 Bank premises All other resources TOTAL RESOURCES y 570 697,387 59,421 10,122 L I A B I L I T I E S 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: :'ember bank - r e s e r v e account Government Foreign bank Other d e p o s i t s T o tal d e p o s i t s Deferred a v a i l a b i l i t y i t e m s . . . . . . . . . . I l l other l i a b i l i t i e s TOTAL LIABILITIES . .' l a t i o of t o t a l r e s e r v e s t o d e p o s i t and F. R. motet? l i a b i l i t i e s combined . . . 13.3% .74.3% 70.2# Jontincgent l i a b i l i t y on b i l l s purchased for foreign correspondents 349,257 345,317 261,449 1J efor FRASER Digitized St RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BMKS ON MAY 1 , 1929 ( I n thousands of d o l l a r s ) RESOURCES T o t a l Boston Hew York Gold w i t h F e d e r a l Reserve Agents 1,317,449 75,185 281,203 Gold redemption fvmd with U . S . T r e a s . 61,172 7,322 11,556 Phi l a . Cleve. 93,538 154,518 5,24l 5,014 * 6l76b Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. D a l l a s San Fran. 39,582 83,072 267,103 24,089 5%,122 48,759 23,107 173,171 3,84o 3,817 6,276 7,037 2,95? 2,803—L86j_.Jxli2_ ^M^R^notes^51^6^ against 1 , 3 7 8 , 6 2 1 82,507 Gold s e t t l e m e n t f u n d w i t h F.R.Board 671,114 55,709 Gold and g o l d c e r t i f . h e l d by hanks 762,295 26,688 292,759 98,779 159,532 43,422 86,889 273,379 31,126 57,077 186,451 4q,194 67,l4? 13,826 15,810 143,894 33,865 20,296 474,950 24,356 51,781 16,643 7 , 4 l 3 101,677 10,081 5,620 51.562 24,976 176,613 28,178 2 6 , l l 4 30,630 5,263 10,753 27,070 Total gold reserves R e s e r v e s o t h e r than g o l d 2,812.030 164,904 173,732 14,174 954,160 172,329 278,460 52,194 7,496 13,553 85,003 61,843 234,313 5 , 6 7 9 — 6 , 9 7 9 15,60— Total reserves n o n - r e s e r v e cash 2,985,762 179,078 1,006,354 179,825 292,013 74,287 6,456 30,663 2.263 4,153 M S 985,829 83,808 170,421 30,072 50,384 84,478 15,86s 689 2.066 1,396 155 11.841 5,170 T o tal U.S. Govt, s e c u r i t i e s Other s e c u r i t i e s Foreign l o a n s on gold 150,730 7,366 l4,S99 4,151 — 1,182 17,166 1,465 5,233 Du.e from f o r e i g n banks Uncollected items Bank premises All other resources TOTAL RESOURCES C. 1,329,245 119,213 725 707,771 58,739 8,358 54 71,078 3,702 54 75,072 11,898 82,636 118,66o 545,347 86,970 4,995 4,924 7,176 3,812 82,993 2,465 85,45s 90,682 1,283 1,798 247,582 101,862 91,347 54,361 76,511 110,725 47,333 22.370 46,121 3,682 .5,891 i,4n 7,454 6.979 56,834 11.402 12,991 6,327 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 n o t e s C e r t i f i c a t e s of i n d e b t e d n e s s T o t a l b i l l s and s e c u r i t i e s 73,891 110,112 518,950 8,745 8,548 26,397 1,152 657 a 19,937 3,211 5,209 10 1,085 7,125 4,213 4,540 4.102 23 7,755 902 1,136 27,962 1,629 1,809 685 3,242 *26,231 581 2,04l 11,338 ~ %6 8,665 2,000 399 9,793 1,500 492 328,280 132,138 133,929 63,182 87,788 145,976 548 585 9,327 27,409 7,027 5 16,939 401 1,534 220 70 74 33 202,715 61,933 67,727 49,652 16,087 1,762 6.535 3,575 1,705 171 1,288 534 68,822 249,917 2,832 3,932 ^ W 22,725 81.084 10,774 i 6 , 6 o 4 64 7,813 11,943 3,59f 16 11,427 1,250 . 527 12,007 750 . 60,678 3 7 , n 6 63,797 46,703 110,445 28 99 29 18 23,434 88,051 22,834 12,858 2,744 8,529 3,929 2,110 1,972 521 335 524 , 24 38,453 4,i4o 356 _ 24 ^ 52 24,028 39,008 1,922 3,704 4o4 494 5,164,887 379,635 1,586,024 378,162 505,719 204,607 239,550 795,699 184,587 139,367 199,250 144,735 4O7,55 2 L I A B I L I T I E S RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BANKS GLT MAY 1, 1929 ' (In thousands of d o l l a r s ) l o t a l Boston %e? York P h i l a . Cleve. Rich. A t l a n t a Chicago S t . L o u i s 1,663,639135,854 295,815.141,357 205,620 67,881132,157305,143 57,558 s t . 6176c Minn. Kans.Cy. D a l l a s San Fran. F.R.notes in actual circulation 63,719 65,825 37,547 155,163 Deposits: '.'ember "bank - r e s e r v e account 2,335,817 139,993 947,320 134,107 190,671 65,829 66,073 340,106 75,958 51,925 34,174 66,778 172,883 Government 33,892 1,714 7,367 4,301 2,522 3,599 1,452 7,191 1,730 1,117 1,131 1,464 304 Foreign "bank 8,3^0 665 2,081 862 916 413 350 1,230 225 359 2 9 6 647 Other d e p o s i t s 32,309 52 17,462 65^ 1,029 96 110 1,243 1,854 229 19 io,oo4 Total deposits 2,4io,358 142,424 974,230 139,335 195,138 69,937 67,985 349,770 79,901 53,496 85,747 68,557 183,838 Deferred a v a i l a b i l i t y items 656,462 69,983 182,468 56,736 61,155 46,864 21,738 80,612 29,515 10,969 33,419 ^,845 38,158 Capital paid in 155,958 10,384 55,829 15,133 15,089 6,183 5,332 19,494 5,428 3,088 4,285 4,469 11,244 Surplus 25^,398 19,619 71,282 24,101 26,345 12,399 10,554 36,442 10,820 7,082 9,086 8,690 17,978 All other l i a b i l i t i e s 24,072 1,371 6,4oo 1,500 2,372 1,343 1,784 4,238 1,365 1,013 888 627 1,171 TOTAL LIABILITIES 5,164,887 379,635 1,586,024 378,162 505,719 2b4,6o7 239,550 795,699"l84,587 139,367 199,250 144,735 467,552 Ees6rve r a t i o ( p e r c e n t ) 73-3 64.4 *79-2 *" " /-1, • 64.1 72.9 60.0 59.3 83.3 63.3 72.9 59.8 64.9 73.7 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 c o r r e s p o n d e n t s 3^9,257 25,535 108,742 33,127 35,197 15,874 13,458 47,275 13,803 8,627 11,387 11,387 24,845 F . R . n o t e s on hand ( n o t e s rec^d from F.R.Ag g e n t l e s s n o t e s i n circulation)3S4,488 23,303 110,835 38,181 34,621 19,428 31,674 32,898. 10,115 9,325 10,421 9,075 64,612 FEDERAL RESERVE MOTE ACCOUNTS OF FEDERAL RES'RVE AGELJTS F . R . n o t e s r e c ' d from Comptroller 2,813,454 218,032 732*605 209,438 269,391 113,020 as,831 4i4,66i 79,683 88,568 101,296 61,754 306,175 F . R . n o t e s h e l d by F. R. Agent 755,327 58,875 325,955 29,900 29,150 25,711 55,000 76,620 12,010 15,524 25,050 15I132 '86,'4oo F . R . n o t e s i s s u e d to F.R.Banlt 2,058,127 159,157 406,650 179,538 24o,24I 87,309 163,831 338,o4i 67,673 73,o44 76,246 46,622*219,775 Collateral held as security f o r F . R . n o t e s 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 381,294 35,300 171,880 31,000 47,200 6,690 17,250 8,050 14,167 14,757 35,000 Gold redemption f u n d 94,219 16,885 14,323 9,481 12,318 5,892 8,822 1,103 3,039 2,955 4,399 2,350 12,652 Gold f u n d - F. R. Board 841,936 23,000 95,000 53,057 95,ooo 27,000 57,000 266,000 13,000 37,000 44,36o 6,000 125,519 E l i g i b l e paoer 1,106,891 113.802 _281,3l4 96,845 103,527 55.058 , Total c o l l a t e r a l 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 of i n d e b t e d n e s s Municipal w a r r a n t s C. 2,424,340 188,987 83,492 117,437 48,043 25,937 51,595 33,370 96,471 258,045 g4,64o 166,564 384,540 72,132 80,059 100,354 56,477 269,642 562,517 190,383 MATURITY DISTRIBUTION OF BILLS, CERTIFICATES 0? DTDEBTEHTESS AiTD MUNICIPAL WARRANTS 91 days to To t a l 'i t h i n 15 days l 6 t o 30 days 31 t o 60 days 6 l t o 90 days Over 6 months 6 months 985,829 806,106 44,024 75,567 40,778 16,527 2,827 170,421 94,551 30,092 32,037 11,069 2,672 15,868 4,177 1,245 2,068 8,378 4oi 101 300
@FedFRASER