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STATEMENT I0R TfeB PRESS Released f o r p u b l i c a t i o n Friday morning, Mov . l 4 ; not e a r l i e r . S t . 6789 Federal Reserve Board, November 13, 1930. COHDITIOH OF FEDERAL RESERVE BALTICS ' The d a i l y average volume of Federal r e s e r v e bank c r e d i t outstanding during the week ending November 12, as reported "by the Federal reserve banks, was $1,033,000,000, on i n c r e a s e of $2,000,000. compared with the preceding week and a decrease of $632,000,000 compared with the corresponding week i n 1929. On November 12 t o t a l reserve bank c r e d i t amounted to $1,035,000,000, an i n crease of $25,000,000 f o r the week. This increase corresponds with an increase of $80,000,000 i n member bank reserve balances o f f s e t in p a r t by i n c r e a s e s of $15,000,000 i n monetary gold stock and $19,000,000 i n Treasury currency and decreases of $14,000,000 i n money i n c i r c u l a t i o n and $8,000,000 in unexpended capital funds, etc. Holdings of discounted b i l l s declined $21,000,000 during the week, the p r i n c i p a l changes being decreases of $21,000,000 a t the Federal Reserve Bank of New York and $2,000,000 a t Chicago and increases of $3,000,000 a t S t . Louis and $2,000,000 a t Boston. The System's holdings of b i l l s bought i n open market i n creased $21,000,000 and of Treasury notes $1,000,000, while holdings of Treasury c e r t i f i c a t e s and b i l l s declined $2,000,000. Changes i n the amount of reserve bank c r e d i t outstanding and i n r e l a t e d items during the week and the year ending itovember 12, 1930, were as follows: Increase or decrease since Nov. 12 Nov. 5 1930 1930 Nov. 13 1Q2A ( I n m i l l i o n s of d o l l a r s ) B i l l s discounted B i l l s bought United S t a t e s s e c u r i t i e s Other reserve bank c r e d i t 192 207 601 35 TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency a d j u s t e d 1,035 4,5^ 1,793 Money i n c i r c u l a t i o n Member bank reserve balances Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 4,477 2,490 415 - + — + + + + + - a a 1 25 - 779 - 93 + 288 - 52 25 15 19 - 635 + 174 6 14 80 8 - 343 118 7 Released for publication Friday meralig, Kovemhe»r.^,1930; not .earlier. St.6%gc)a ESsbtJEG53 '^D LIABILITIES V'r'OP THE HELVE FEDERAL RESERVE BMKS COLIEHED ' "> (in thousands of dollars) gov. 12,1910 gov. 5.1Q3Q Hov. 11. 1Q2Q RESOURCES Gold held exclusively against F.R.notes 1,632,506 Gold settlement fund with F. R. Board 4g2j64 Gold and gold certificates held by banks 903,626 Total gold reserves 3,028,496 Reserves other than gold l4g, 7 64 Total reserves 3,177,260 1,617,671 520 54l g61.120 2,999,392 146,174 3,145,566 6 3 , 7 5 2 : M i Bins r r a 6 3 : .• •255 & & 1 627 132 'Tn ctn 67gIl3l 3,039,170 l47,g 0 g 3,186,978 ^ « : : : ; U. S. Government securities: Ssisuw i J i _g| Total U.S. Government Rficnri -Map 601,290 Other securities 6.297 Total bills and securiti es . 1,006,586 Due from foreign batiks 705 £gj 601,531 6.M7 1,006,197 7Qc 312 556 ga.'ssi 1,6O6,3O4 lpr 4,g4o,4S3 5,895,496 ^ E i jri j TOIAi RESOURCES 4,968,122 LIABILITIES teptits-68 ln aCtoal clrculatlt "1 • • • 1 ^ ^ . " . ™ . ™ . - . ' . - 1 -371.1>N5 1.366,554 2 • 1,937,167 >9.7°o 2.607.973 k';£i j\12s apiai smm 1 1 a Foreign t a n k Other deposits : TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . , contingent liability on bills purchased. for foreign correspondents . . . . . 5,419 19,757 4,96s,122 4,84o,4S3 5,895,496 81.2^ 81.8# 69.556 426,541 431,670 508,290 RE S O U R G E S Total SelnotSI1"1Velir ^ a l n 3 t RESOURCES AMD LIABILITIES OF THE FEDERAL RISERVE BANKS OK NOVEMBER 3,2, 1930 ( I n thousands of d o l l a r s ) Boston Hew York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn-. Kans.Cy. Dallas San Fran, "£:% 6i:% UI:% ^ 1,632,506 160,593 ^ ut '% z l'M 369,974 141,911 1S2.713 68,248 119,060 165,129 70,488 48,316 66,480 28,673 210,861 . m m g?o3.d r e s e r v e s Reserves o t h e r t h a n gold 3,028,496 216,436 1,064,192 220,196 299,4l6 148,764 14,195 39>805 8,84o 9,071 91,260 132,045 4o3,509 7,137 10,130 21,605 94,695 8,428 67,160 4,4q3 99,397 7,023 51,423 288,767 8,112_10,010 Total r e s e r v e s Non-reserve cash 3.177,260 230,631 1,103,997 229,036 308,487 68,752 9,675 19,039 3,481 3,12$ 98,397 14-2,175 425,114 103,123 3,594 3,86l 10,738 3,654 71,563 106,425 1,702 1,714 59,535 298,777 3,071 5,098 as S:g S:SfeBI1:S S;S 12^3 i:::S f n t.a.1 di s coon t e d B i l l s "bought; open market 0 , S. Gtover»w?iit 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 and "bills 191,657 10,799 207,342 15,631 32,768 64,476 tK.'S. Govt, s e c u r i t i e s Other 86&u.n t i e s b i l l s and s e c u r i t i e s 601,290 46,173 6,297 1,000 , thie from f o r e i g n "banks Uncollected items " F . R4 notes of o t h e r "banks ~ , Bank premises All other resources TOTAL RESOURCES 38,137 281,730 281,423 1,006,586 757 22,332 23,084 73,603 705 52 Gao^es* 70,171 19»068. 253 trr\ -7^zx\ 1 car, 3,580 59,700 46o 16,043 i&g 18,459 2,945 a.% 7 ":8 "Si 1:% £:% a «:%i'3:% J* £T5 25,002 17,721 22,412 15,902 16,246 21,526 11,090 10,864 21,383 8,003 3,602 14,159 5,462 9,329 8,450 7,127 6,137 29,506 43 42 7,842 523 4,595 15,623 12,063 14,107 11,620 24,058 31,069 7,753 9,263 14,587 9,767 14,908 187,340 52,252 57,855 16,983 12,765 81,128 23,899 25,921 28,736 29,229 39,009 47 1,000 4,250 2,187 77,514 107,639 237 25,682 33,410 25,930 24,208 1,176 7,772 8,035 288,834 74,656 104,383 45,794 234 178,190 4,857 -i c COi 15,664 5,607 64o 68 51,310 4l7 o 2,6i4 250 70 56,592 951 T r^.1 7,063 1,148 78 7,507 5,180 20,017 30,042 46,o4l 118,413 2 ,£ 4 ^ 4 % ^ 18,344 936 -ir575 > \ 1 1 TO 3,338 820 2,658 4,123 , , 9^ 66,746 3,773 8,295 496 48,148 35,032 52,224 44,806 74,652 25 26,172 1,483 l6 12,641 797 21 35,485 1,719 21 23,853 375 49 30,901 1,886 3,811 382 2,018 413 3,972 630 1,877 444 4,810 1,270 4,968,122 388,425 1,616,422 361,832 481,819 203,197/ 218,163 633,669 186,798 124,182 202,190 133,982 417,443 ?<60 A 333 L I A B I L I T I E S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE'BASICS' ON NOVEMBER 12, 1930 ( I n thousands of d o l l a r s ) St. 6789c Total Boston Hew York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans. Cy. Dallas San Fran. 1,371,148 128,515 233,069 120,770 185,445 68,537 121,832 143,713 64,795 48,766 66,120 33,097 156,489 F.B.notes i n a c t u a l c i r c u l a t i o n Deposits: Member bank — Reserve account 2,490,289 152,936 1,074,386 143,702 139,507 62,257 56,824 352,542 Government deposits 24,196 1,323 5,638 1,354 1,915 1,895 2,574 946 Foreign bank i,s4o 5,419 224 395 517 192 533 715 Other deposits 118 412 1,760 19,757 8,763 434 123 93 Total deposits 2,539,661 154,772 1,090,627 145,985 193,715 64,469 59,713 354,637 Deferred a v a i l a b i l i t y items i4o,6s4 50,837 56,302 50,910 18,259 72,709 592,135 71,187 Capital paid in 170,464 11,873 66,230 16,792 15,913 5,795 5,356 20,162 Sr.rplus 276,936 21,751 80,001 2b,965 29,141 12,496 10,857 4o,og4 i'vii o t h e r l i a b i l i t i e s 17,778 327 5^811 483 1,303 990 2,i46 2,354 TOTAL LIABILITIES 4,968,122 388,425 1,616,422 361,832 481,819 203,197 218,163 633,669 Reserve r a t i o (per cent) 81.2 81.4 83.4 85.9 81.4 74.0 78.3 85.3 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 426,541 31,91s 137,122 41,838 43,132 18,116 15,52s 57,798 Federal r e s e r v e n o t e s : Issued to F,R»bank by F.R.Agent Held by I&deral reserve bank In a c t u a l c i r c u l a t i o n C o l l a t e r a l h e l d by agent as s e c u r i t y f o r notes .issued to "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 52,731 85,036 59,021 516 834 3,760 160 160 192 si_ 227 143 39 86,111 62,980 75,923 53,513 28,561 10,801 35,983 23,855 3,064 4,318 5,257 4,354 10,877 7,143 9,162 8,935 1,385 761 496 895 186,798 124,182 202,190 133,982 73.3 70.0 69.9 62.0 74,425 1,079 15,52s 186,922 2,362 368 7,564 197,216 32,047 11,350 19,514 827 417,443 84.5 9,920 12,940 12,940 29,761 FEDERAL RESERVE NOTE STATEMENT 1,813,434 169,405 442,286 46,890 1,371,148 128,515 396,403 135,963 218,446 86,601 149,138 171,197 91,080 53,870 76,388 39,487 225,456 163,334 15,193 33,001 18,064 27,306 2y,4s4 26,285 5,104 10,268 6,390 _I-ZVV 68,967 233,069 120,770 185,445 68,537 121,832 143,713 64,795 4s,766 66,120 33,097 156,489 463,695 35,300 1,134,556 124,617 337,099 24,182 277,010 78,626 61,881 417,517 1,935,350 184,099 39,900 100,100 JL5.095 155,095 15,550 5,000 7,100 7,745 11,790 14,300 50,000 165,000 62,000 no,4oo. 164,000 61,100 35,700 65,000 13,250154,763 42,935 27,21s J2,054 33,136 22,931 7,665 22,432 14,327 33,193 223,485 94,218 149,554 197,186 91,776 55,155 87,432 41,877237,956 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 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 nnd b i l l s Municipal warrants Total Within 15 days 191,657 120,509 207,342 78,l6S 281,423 31,214 47 l 6 to 30 days 20,462 43,344 31 to 60 days Si to 90 days 29,015 56,358 79,766 12,951 29,447 ~ 47 ^ 7,943 25 Over 6 months 772 170,443
@FedFRASER