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Released for publication Friday.morning, May 9; not e a r l i e r . STAT3I.SNT FOR THE PRESS St.6580 Federal Reserve*Board May 8, 1930 CONDITION OF FEDERAL RESERVE BANKS The consolidated statement of condition of the Federal reserve banks on May 7, made public by the Federal Reserve Board, shows decreases f o r the week of $34,400,000 in holdings of b i l l s bought in open market and $1,700,000 in U. S. Government s e c u r i t i e s and an increase of $4,000,000 in holdings of discounted b i l l s . Member bank reserve deposits declined $35,300,000, Federal reserve note c i r c u l a t i o n $l4,300,000 and cash reserves $9,500,000, while Government deposits increased $11,100,000, Total b i l l s and s e c u r i t i e s were $31,100,000 below the amount reported a week ago. _ principal changes in holdings of discounted b i l l s for the week were j^crease $15>900,000 at the Federal Reserve Bank of New York, and decreases of $6,200,000 at San Francisco, $2,500,000 a t St. Louis and $1,800,000 at ^ a < ^ e ® i e System's holdings of b i l l s bought in open market declined $34,400,000, of U. S. bonds $11,000,000 and oif Treasury b i l l s and c e r t i f i c a t e s $1,900,000, while holdings of Treasury notes increased $11,300,000. an Federal reserve note circulation declined $7,800,000 a t the Federal Reserve Bank of Chicago, $5,700,000 at New York, $2,300,000 at Philadelphia, $1,400,000 at Cleveland, and $14,300,000 at a l l Federal reserve banks. A summary of the principal 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 7, 1930, f o l l o w s : Increase or decrease since May 7. 1910 Apr. 30. 1910 May 8. 1929 (In thousands of dollars) Total reserves . Gold reserves 3,242,124 3,068,169 - .9.^3 - 4,491 +229,845 +227,222 951,095 -31,130 -330,817 B i l l s discounted, t o t a l Secured by U.S.Govt, obligations Other b i l l s discounted . . . . . 237,44s 106,620 130,828 + 3,996 + 641 + 3,355 -724,574 -419,194 -305,380 B i l l s bought in open market . . . 175,203 -34,361 + 18,022 U. S. Government s e c u r i t i e s , total Bonds Treasury notes '. ' C e r t i f i c a t e s and b i l l s . . 527,844 55,1^5 186,749 285,950 - 1,665 -10,991 +11,258 - 1,932 +378,356 + 4,738 +102,254 +271,364 Federal reserve notes in circulation 1,492,994 -14,274 -170,684 -20,934 -35,285 + 23,785 + 19,403 + 5,159 Total b i l l s and s e c u r i t i e s Total deposits Members' reserve deposits Government deposits w. , . . . [ ] 3. oC 2.413-999 2,349,436 33 : 3 h ' +11,120 Released f o r publication Friday morning, May 9,1930; not e a r l i e r . St. 6580a RESOURCES AUD LIABILITIES OF THE TWELVE FEDERAL RESERVE BALTICS COHBHED (In thousands of dollars) May 7,1930 Apr. 30.1930 Hay,,8, 1929 Gold with Federal reserve agents Gold redemption fund with U. S. Treasury . 1,659,814 4l,097 1,642,214 4l ,097 1,309>905 62,060 Gold held exclusively 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 hanks . 1,700,911 598,889 768,369 1,683,311 634,847 754,502 1,371,965 678,058 790,924 Total gold reserves Reserves other than gold Total reserves . . . . ITon-reserve cash B i l l s discounted: Sec. by U. S. Government obligations . . Other b i l l s discounted Total 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 : Bonds Treasury notes . C e r t i f i c a t e s and b i l l s 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 Total b i l l s and s e c u r i t i e s Dae from foreign banks Uncollected items Bank premises All other resources 3,068,169 173,955 3,242,124 63,890 3,072,660 178,937 3,251,597 62,607 2,84(3,947 171,332 3,012,279 73,317 106,620 130,828 237,448 175,203 105,979 1 27,4-73 233,452 209,564 5 25,814 436,208 962,022 157,131 55.145 186,749 28'5,950 527,844 10,600 951,095 7H b07,4lo 53,580 12,202 66,136 175,491 287,882 529,509 9,700 932,225 711 606,619 58,580 11,542 50,407 84,495 14,586 149,488 6,866 6,355 1,281,912 725 657,596 58,739 7,997 4,936,013 4,973,881 5,097,565 1,492,994 y 1,507,268 /; 2,349,4)6 2,384,721 33,79^ 22,674 5,337 5,365 24,432 21,173 2 kl ' ^ ^ _ 3 , 0 0 2,433,933 559,810__<) 562,769 174,185 174,209 276,936 276,936 19>09^ 18,foS 1,663,678 2,330,033 28,635 7,238 23,308 2,389,214 608,834 156,179 254,398 25,262 4,936,018 5,097,565 RESOURCES TOTAL RESOURCES L I A B I L I T I E S F. R. notes in actual circulation . . . . Deposits: Member bank - reserve account Government . Foreign bank Other deposits 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 TOTAL LIABILITIES 4,973,881 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 . . . 83.0$ 82.5fo 74.3/6 Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents . . . . . 468,574 465,458 355,195 RESOURCES AND LIABILITIES OP THE FEDERAL RESERVE BAMS OH MAY 7, 1930 St. 6580b (In thousands of dollars) Total Boston Hew York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve Agents 1,$59,814 184,917 258,594 140,000 180,550 73,000 111,000 279,000 71,345 55,345 75,000 30,800 199,763 Gold redemption fund with U.$.Treasury 4l,097 1,347 15,257 2,922 2,385 2,000 2,64l l,8l4 1,886 1,922 1,635 912 6,376 RESOURCES Gold held exclusively against F. R. notes 1,700.911 186,264 Gold settlement fund with F.R.Board 593,889 23,574 Gold and gold c e r t i f . held "by "banks ~jG8t3&3 37*^1 Total gold reserves 3,068,169 247,299 Reserves other than gold 173.955 12,502 Total reserves lion-reserve cash B i l l s discounted: Secured "by U.S. Govt, obligations 3,242,124 259,801 63,890 6,571 Total "bills discounted B i l l s bought in 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 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 foreign banks Uncollected items Bank premises All other resources TOTAL RESOURCES 182,935 75,000 113,64l 280,814 73,231 69,023 14,573 17.250 127,172 30,273 53,646 8,720 6,111 100,76^ 7>5°7 305,b04 98,293 137,002 508,750 111,071 12,335 6,693 15.197 15,721 13.147 57,767 76,o35 20,853 39,36o 5»6lO 10*502 84,230 126,503 4,055 7,971 31,712 15,778 9 >031 56,521 7,097 951,703 229,947 317,939 104,986 152,199 524,471 124,218 12,646 3,751 4,374 3.964 4,553 9.135 5,143 88,285 134.474 2,102 1.958 63,618 290,433 4,083 5.610 106,620 6,06l 43,678 12,638 237,448 175,203 14,979 15.047 57,185 37.011 27.770 20,955 7,021 16,353 55,145 186,749 x ! : S ! 235,950 26,437 527,844 4o,323 10,600 1,000 . 273,851 142,922 1 5 9 , ^ 2 37,232 1+62,810 37*108 896,113 217,262 55.590 12,685 951,095 711 607,416 58.580 12,202 71,349 53 , 63.579 3,580 47 12,354 4,603 1.675 11.792 10,108 4,743 8,863 17,623 25.190 21,900 13,606 8,146 19,911 14,372 9,430 107 20,564 670 1.299 15,745 978 16,160 64,626 17,318 22,695 3.660 4,503 4,212 33,890 112,492 27,829 26,631 7,681 8,827 70,6l4 192,863 46,125 %,996 12,640 — 8,600 1,000 295,659 81,916 87,304 38,409 53,923 106,886 26 234 30 69 71 163.975 53,615 55,916 43.612 20,392 75,3^5 2,658 8,295 3,204 15,664 1,762 7,059 3,601 184 1,139 654 4,149 393 930 3,319 4,249 13.825 7.160 11.143 3.70o 7.266 9,192 10,974 5,681 23,878 581 1,836 3.957 6,424 366 8.309 18,249 6,993 10,380 18,080 25,682 36,695 4,691 645 11,511 6.497 7,112 7.199 19,268 18,387 - - 2,918 10.907 206,139 44,34$ 2^,033 279,521 10,962 - 1,520 7,672 - 42,354 29,796 31,392 40,555 71,547 21 21 49 16 26 21,448 33,246 34,686 12,^08 29,19% 4,681 1,876 2,013 3,972 3,811 487 454 328 450 316 4,936,018 4Q4,980 1.W4.030 371,244 473,802 194,859 237,35 7 724,620 205,062 135,075 206,831 132,055 406,103 L I A B I L I T I E S RESOURCES AEJD LIABILITIES OF THE FEDERAL RESERVE BAUKS GLT HAY 7, 1930 St. 6580c (in thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans,;.Cy. Dallas San Fran. 1,492,994^160,388 170,107 139,550 180,861 68,977 128,281 246,716 76,698 59,152 74,664 32,413 154,787 F.R.notes in actual circulation Deposits: Member bank - reserve account 2,349,4^6 Government 33,794 Foreign bank 5,337 Other deposits 24,432 Total deposits 2,41£T999 3.0° Deferred a v a i l a b i l i t y items 559,810 Capitol paid in 174,185 Surplus 276,936 111 other l i a b i l i t i e s 19,094 TOTAL LIABILITIES 4,936,018 83.0 Reserve r a t i o (per cent) Contingent l i a b i l i t y on b i l l s purchased for foreign correspondents 468,574 F.R»notes on hand (notes rec'd from F.R.Agent l a s s notes in circulation)322,196 F.R.notes rec'd from Comptroller F.R.notes held by F. R. Agent F.R.notes issued to F.R.Bank 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 Gold fund - F. R. Board E l i g i b l e paper Total c o l l a t e r a l 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 3,090,606 1,275,416 143,794 3,740 397 128 947,990 136,350 190,513 64,190 67,046 343,478 79,511 52,845 86,267 62,015 175,437 9,811 2,464 1,470 1,161 3,579 3,128 1,808 1,302 1,509 2,078 1,744 1,737 521 537 225 193 719 193 123 161 161 370 10,825 110 1,397 97 86 629 229 44 lo,64o 187 60 148,059 970,363 139,445 193,917 65,673 70,904 347,954 8 l , 7 4 l 54,4£z_6 87,997 64,298 188,191 62,819 147,709 47,348 52,4o8 40,809 19,642 66,781 28,84o 10,3®6 30,280 21,260 31,608 11,660 69,715 16,738 15,898 5,905 5,46o 20,308 5,373 3 , 0 9 2 \ 4,330 4,36o 11,346 21,751 80,001 26,965 29,141 12,496 10,857 4o,094 10,877 7,143X1 9,162 8,935 19,514 303 6,135 798 1,577 999 2,213 2,767 1,533 925 398 789 657 404,980 1,444,030 371,244 473,802 194,859 237,357 724,620 205,062 135,075 206,831 132,055 4o6,io3 84.2 S3.4 S2.3 84.8 78.0 76.4 88.2 78.4 77.7 82.7 84.7 65.8 34,646 154,419 28,791 53,791 45,4i4 46,819 19,664 16,855 62,737 16,855 10,768 l4,o46 25,385 34,647 a , 8 2 6 26,099 39,155 14,438 5,130 9,619 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGETTS K M ^ 14,046 32,305 9,376 53,939 1,815,190 189,179 223,898 165,335 215,508 90,803 154,380 285,871 91,136 64,282 84,283 41,789 208,726 402,108 1,257,706 405,267 2,065,08! 229,968 39,900 15,550 5,000 6,000 9,245 11,845 28,626 100,100 165,000 68,000 105,000 279,000 62,100 44,ooo 75,000 92,783 31,767 36,912 25,459 44,668 36,101 22,184 11,299 24,786 351,377 171,767 217,462 98,459 155,668 315.101 93,529 67,144 99,786 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 14,300 16,500 14,683 45,483 35,300 149,617 29,947 214,864 Total Within 15 days 237,448 153,260 175,203 99,090 26,000 285,950 16 to 30 days 18,888 32,293 31 to 60 days 29,991 29,864 973 6l to 90 days 16,483 12,082 48,350 ^^ths° 17,047 1,874 82,691 35,000 164,763 34,678 234,44I Over 6 months 1,779 73,936
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