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STATT.372 FOR TtT!: PRESS Released f o r p u b l i c a t i o n Friday morning, iTov. 15; not o - r l i e r . S t . 5J85 Federal Reserve Board, November l 4 , 1929. OCW D i l i OF OF FFD5HAL RBSFRVF BA'JIIS The c o n s o l i d a t e d s t a t e m e n t of c o n d i t i o n of the F e d e r a l r e s e r v e banks on November 13, made p u b l i c lay the F e d e r a l Reserve Board, sho'.7s d e c r e a s e s f o r the week of $19,500,000 i n h o l d i n g s of d i s c o u n t e d " b i l l s and $30,900,000 i n h i l l s "bought i n open market, and an i n c r e a s e of $19,800,000 i n h o l d i n g s of U. S. s e c u r i t i e s . Member bank r e s e r v e d e p o s i t s i n c r e a s e d $50,300,000, c a s h r e s e r v e s $15,300,000 and Federal r e s e r v e n o t e c i r c u l a t i o n .>18,800,000, v/hile Government d e p o s i t s d e c l i n e d $19,900,000. Total b i l l s and s e c u r i t i e s vzere $31,300,000 "below the amount r e p o r t e d a week ago. h o l d i n g s of d i s c o u n t e d " b i l l s d e c l i n e d $95,200,000 a t t h e F e d e r a l Reserve Bank of Fcv/ York and .,>7,700,000 a t D a l l a s and i n c r e a s e d $46,900,000 a t Chicago, $17,400,000 at Boston, $7,600,000 a t P h i l a d e l p h i a and $19,500,000 a t a l l F e d e r a l r e s e r v e honks. The System's h o l d i n g s of " b i l l s bought i n open market d e c l i n e d $30,500,000 and of U. S. Treasury n o t e s $5,400,000, while h o l d i n g s of Treasury c e r t i f i c a t e s i n c r e a s e d $22,000,000 and U. S. "bonds $3,300,000. The p r i n c i p a l changes i n F e d e r a l r e s e r v e n o t e c i r c u l a t i o n f o r the week i n clude i n c r e a s e s of $6,700,000 a t t h e F e d e r a l Reserve Bank of Cleveland, $4,300,000 a t P h i l a d e l p h i a , $4,100,000 a t San F r a n c i s c o and $2,400,000 a t Boston, and a d e c r e a s e of $2,000,000 a t A t l a n t a . A summary of t h e 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 t h e r e s e r v e banks, t o g e t h e r w i t h changes daring t h e vzeck and the y e a r ending November 13, 1929, follows: I n c r e a s e or d e c r e a s e since Nov. 13.1929 Nov. 6,1929 Hov. 14.1928 ( 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 Total b i l l s and s e c u r i t i e s 3,186,978 3,039,170 + + 15,347 19,266 1,606,304 - 3i,33o 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 d i s c o u n t e d . . . . . . 971,355 470,342 501,013 - + 19,525 42,290 22,765 B i l l s bought i n open market . . . . 299,512 - 30,862 U. S. Government s e c u r i t i e s , t o t a l 312,55S 80,530 108,677 123,349 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 . . 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 . 1,937,167 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 de D O s i t s 2,645,941 2,607,973 11,157 + + - + 4- + + - + + 4- 398,878 380,038 48,171 + 113,816 54,589 168,405 - 174,888 + - + 90,217 26,153 284 64,34s i s ;s4o + 205,116 22,241 50,265 19.353 + + 240,221 243,465 19,807 3,27s 5,44o 21,969 + + - - 4,228 Released f o r p u b l i c a t i o n F r i d a y morning, November 15.1929; not e a r l i e r , S t . 6385a RESOURCES MD LIABILITIES OF THE T-.7ELVE FEDERAL B^SBRVS BABES COMBINED ( i n thousands of d o l l a r s ) Uov. 13.1929 Nov. 6.1929 Nov. l4.192S RESOURCES Gold v.'itli 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 with U. S. Treasury . 1,550,385 76,247 1,627,132 3,039,170 147,308 1,476,471 76,247 1,552,713 *802,196 664,990 *3,019,904 151,727 Total reserves lion-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 d i s c o u n t e d 3,136,973 92,617 *3,171,631 31,996 1,172,075 30,193 1,252,268 721,680 635,184 2,659,132 123,968 2,733,100 60,478 470,342 501,013 512,632 473,243 524,931 332,608 T o t a l "bills d i s c o u n t e d . . . . 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 . . . . . 971,355 299,512 990,830 330,374 857,539 474,400 30,530 105,677 123,349 312,556 22,331 77,252 114,117 101,330 292,749 23,631 54,377 108,961 I,6O6,3O4 726 933,259 59,059 11,553 1,637,634 722 713,484 59,037 11,335 1,558,133 729 968,055 60,574 s,66s 5,395,496 *5,675,839 5,444,737 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: Member bank - r e s e r v e account Government Foreign bank Other d e p o s i t s 1,937,167 1,918,327 1,732,051 2,607,973 11,157 6,000 T o ta l 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 2,645,941 2,364,508 15,385 6,314 19.513 2,405,720 167,311 254,398 43,594 2,557,703 31,010 5,313 *29,669 *2,623,700 669,531 167,120 254,393 42,763 5,395,496 *5,675,339 Gold h e l d e x c l u s i v e l y , a g a i n s t Gold s e t t l e m e n t f u n d with F. R. Gold and g o l d c e r t i f i c a t e s h e l d Total s o l d r e s e r v e s . . Reserves o t h e r than gold F.R.notes Board , . "by "banks . . . . . . 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 T o ta l 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 U nco lle cte d items Bank premises All o t h e r r e s o u r c e s TOTAL RESOURCES 733,907 673,131 59,001 222,339 3,855 L I A B I L I T I E S 347,085 All other l i a b i l i t i e s TOTAL LIABILITIES 20,311 . . . . 890,829 146,415 233,319 36,403 5,444,737 R 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. n o t e l i a b i l i t i e s combined . . . 69.5?* 69.8$ 67.4% Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 508,290 508,354 256,953 C •Revised f i g u r e s . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS CttJ NOVEMBER 13, I929 ( i n thousands of d o l l a r s ) Total Boston New York P h i l a . Cleve. R i c h . A t l a n t a Chicago S t . L o u i s Gold w i t h F e d e r a l Reserve Agents 1,550,885 204,917 405,671 80,000 91,900 51,190 103,200 259,564 62,800 Gold redemption fund with U . S . T r e a s u r y 76,247 6,928 16,934 4,387 6,493 4,553 4,669 11,420 6,734 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 1,627,132 211,845 422,605 84,387 98,393 55,743 107,869 270,934 69,534 Gold s e t t l e m e n t f u n d with F.R.Board 733,907 46,249 324,940 42,991 50,769 27,269 11,030 89,646 32,560 Gold and gold c e r t i f . h e l d by banks 678,131 29,269 437,197 21,423 38,908 9,807 3,309 84,305 6,386 Total gold reserves 3,039.170 287,363 1 , 1 8 4 , 7 4 2 l 4 S , 3 0 1 188,070 92,819 122,208 444,935 108-480 R e s e r v e s other t h a n gold 14-7,308 12,177 52.337 9,193 7,8l6 5,866 14,879 11,855 7,725 S t . 6385b RESOURCES Total reserves Non-reserve cash B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s other b i l l s discounted T o tal b i l l s d i s c o u n t e d B i l l s bought i n open market T J. 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 U.S.Govt, s e c u r i t i e s Other s e c u r i t i e s T o t a l 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 U n c o l l e c t e d items Bank premises All other resources TOTAL RESOURCES c 3,186,973 299,54o 1,237.079 157,999 195,836 92,617 17,097 30,105 2,707 4,848 56,127 17,235 5,767 79,129 3,992 57,241 32,918 4,942 95,101 4,230 30,182 162,222 25,581 32,719 9,110 27,708 64,873 222,649 5,124 12,609 98,085 137,087 456,790 116,205 4,335 5,766 9,085 4,572 83,121 1,975 99,331 3,428 69,997 235,25s 3.134 5,565 17,198 30,963 4s,161 19.296 24,o4g 26,625 50,674 42 8,243 22,134 30,377 3,629 24,728 32,759 57,487 19.674 7.300 76.749 20,326 35,301 28,126 112,050 12,868 34,565 470,342 501,013 971,355 299,512 33,468 21,443 54,911 10,274 80,530 103,677 123,349 689 1,657 7,222 41.655 55.022 63,094 585 9,063 14,657 548 10,947 4,234 1.152 375 282 44 3,4o6 5,344 19,927 3,383 14,165 2,125 7,197 5,459 5,924 3,500 587 312,556 22,831 9,568 1,000 159,771 13,000 24,305 1,125 15,729 1.500 1,809 8,794 37,475 2,000 14,781 10,011 4,256 376,341 154,276 188,583 223 69 74 247.638 80,490 37,897 16,087 1.762 6.535 1,164 3,015 376 69,266 33 75,025 3,395 624 88,630 244,602 28 99 30,744 :111,479 2,744 8,529 543 3,749 65,497 29 46,436 3,997 343 I,6O6,3O4 75,753 726 53 938,259 102,779 3,702 59,059 i4o 11.553 60,036 4s,336 72,552 66,092 6 s , l i o 59,063 126,178 116,446 131.615 77,392 12,400 39.739 Minn. Kans.Cy. Dallas San Fran. 52,157 55,000 27,723 156,763 3,970 2,24-1 2,4-59 5,459 - 9,056 88,577 4-7,166 70,531 56,222 159,108 23,614 46,019 - - 48,273 13 17,969 2,110 509 27s 2.785 7,813 3,238 4,315 68 10,611 1,205 3.063 15,366 11,884 - - - 80,224 56,360 158,499 24 24 54,823 35,567 47,412 4,i4o 4,136 1,922 365 530 195 52 , , 5,895,496 499,064 ].,910,488 397.679 484,987 251.363 268,748 .831,127 237,079 153,975 242,165 167,369 451,452 RESOURCES AND LIABILITIES OP THE FEDERAL RESERVE BASKS CN NOVEMBER 13, 1929 ( i n thousands of d o l l a r s ) L I A B I L I T I E S S t . 6385c nTwinimi 11111 a i i M i i i ClrCUlatl01 1 Deposits? ^ ^ ' 9 ^ " 7 ^ 1 ^ 9 0 0 179AU ^ ^ £ f Deposits Member "bank - r e s e r v e account Government Foreign bank; Other d e p o s i t s T o ta l 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 Surplus All o t h a r l i a b i l i t i e s TOTAL LIABILITIES 5,895,490 499,064 1,910,488 397,679 484,987 251,363 268,74s 831,127 237,079 153,975 242,165 167!369 451X52 Reserve r a t i o ( p e r c e n t ) 78.7 57.2 55.3 61.5 62.2 68.8 67.4 66.1 55.6 59.1 62.6 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 503,290 37,578 154,349 48,749 51,796 23,359 19,805 69,569 20,312 12,695 16,758 16,75s 36,562 F . R . n o t e s on hand ( n o t e s r e c ' d from J?. 2 . Agent l e s s n o t e s i n c i r c u l a t i o a ) 5 0 1 , 9 4 3 40,043 202,680 20,472 20,888 17,073 27,481 6 s , i o 6 13,536 6,464 10,652 10,660 63,888 FEDERAL RESERVE HOTS ACC0U1TTS OF FEDERAL RESERVE AGENTS F . R . n o t e s r e ' d from Comptroller 3,528,280 307,449 2 F . R . n o t e s h e l d "by F.R.Agent 1,089,170 57,650 i i M Tk'.oll 1o 1 : & ° M ^ ^ F . R . n o t e s i s s u e d to F.R.Bank 2,439,110 21*9,799 582,138 161,372 199.999 107.463 181,1*90 372,361 1 0 5 ^ 1 6 73!200 96,'252 6 1 J 3 7 2%]223 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 . 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 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 jig is SSI'S .ic m £&a* m m mm 2,nkMb Total 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 "'unicipal w a r r a n t s 971,355 299,512 123,349 1,131 268,839 595,350 189,535 261.395 113,586 182,299 >*62,252 1 1 3 , % 3 85.421 131,375 68,052 301^977 MATURITY DISTRIBUTION OF BILLS, CERTIFICATES OF IITDEBTEDilESS AND 1IU1-TI CI PAL 7ARRMTS Within 15 days 735,624 55,706 215 l b to 30 days 69,280 66,158 31 t o 60 days 103,653 153,690 53,368 1,131 6 l to 90 days 47,418 22,733 91 days to 6 months 14,879 1,225 35,161 Over 6 months 501 34,605
@FedFRASER