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S K J M O FOB 2HB PRESS Released f o r p u b l i c a t i o n F r i d a y morning,' HOT. 22; not e a r l i e r . «. r~ Q y f e d e r a l R e s e r v e Board, ITovember 21, 1929 CONDITION OF FEDER_\L RESERVE BA3KS 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 20 made p u b l i c by the F e d e r a l Reserv e Board, shows d e c r e a s e s f o r t h e week of $ 7 1 , 8 0 0 , 0 0 0 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 of $ 1 5 , 7 0 0 , 0 0 0 m b i l l s bought i n open m a r k e t , and i n c r e a s e s of $ 1 4 , 0 0 0 , 0 0 0 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 d e c l i n e d $89,800 000 and 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 $12,200,000, while Government d e p o s i t s i n c r e a s e d $7,800,000 and c a s h r e s e r v e s $ 8 , 3 0 0 , 0 0 0 . T o t a l b i l l s a n d ' s e c u r i t i e s were 7 6 , 0 0 0 , 0 0 0 below the amount r e p o r t e d a week ago. * i H ? n i n g S ° f d i s c o u n t e d b i l l s d e c l i n e d $29,700,000 a t the F e d e r a l Reserve l a ? C C n n n n A C a f ° 4 ^ 2 , 0 0 0 , 0 0 0 f t P h i l a d e l p h i a , $13,400,000 a t C l e v e l a n d , a o s t o n and 1 $ 5 , ^ 0 0 , 0 0 0 a t Minneapolis, and indre&sed $ 6 , 0 0 0 , 0 0 0 I , The S y s t e m ' 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 $15,700,000 and of U. S. bonds $ 3 , 7 0 0 , 0 0 0 , while h o l d i n g s of T r e a s u r y n o t e s i n c r e a s e d $ 1 3 , 3 0 0 , 0 0 0 and of Treasury c e r t i f i c a t e s $ 4 , 4 0 0 , 0 0 0 . • i ® l e 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 c l u d e d e c r e a s e s of $ 5 , 1 0 0 , 0 0 0 a t the F e d e r a l Reserve Bank of Boston ^ C ^ j e l a n d aad $3,500,000 a t New York, and an i n c r e a s e of * ^ , 1 0 0 , 0 0 0 a t Richmond. A summary of t h e p r i n c i p a l a s s e t s and l i a b i l i t i e s of the r e s e r v e banks f o l l o w s ^ W l t n C h a n S ° S d u r i n ® t h e •vcok the y e a r e n d i n g November 20, 1929] I n c r e a s o or d e c r c a s o s i n c e Nov. 20,1929 Total r e s e r v e s . . . Gold r e s e r v e s . . Nov. 13. 1929 Nov.21, 1928 ( i n t h o u s a n d s of d o l l a r s ) . * 3.195,628 3,041,695 + 8,650 +2,525 +395,539 +374,228 1,530 , 26 5 - 76,039 + 15,710 B i l l s discounted t o t a l Secured by U.S.Govt, o b l i g a t i o n s ' Other b i l l s d i s c o u n t e d . . , 899,558 429,160 ^70,398 - 71,797 - 41,182 - 30,615 + 99,612 - 40,967 +140,579 S i l l s bought i n open market . 233,831 - 15,681 -200,333 U. S. Government s e c u r i t i e s , t o t a l Bonds . . . . Treasury notes C e r t i f i c a t e s of i n d e b t e d n e s s 326,528 + 13,972 - 3,739 + 13,321 +100,473 + 22,723 + 8 ,8 3 2 + 68,918 1.924,990 - 12,177 + 208,355 2,562,613 2,518,202 ' 18,'936 18,936 - 89,771 I+ 7,779 7,779 Tota.1 b i l l s and s e c u r i t i e s , . . Federal reserve notes in c i r c u l a t i o n Total d e p o s i t s Members' r e s e r v e d e p o s i t s Government Government dd ee po oossiittss' "" .. . . . . : : : : : 76,791 121,99s 127.739 . + 4,390 - 83,328 + 184,64s + 172,061 + + 11,'846 11,846 Released f o r p u b l i c a t i o n F r i d a y morning) November 22j 1929; n o t e a r l i e r . St,6397a HBS0URC3S AND LIABILITIES OF H E IWSLV3 FEDERAL RESERVE 2BTKS COISINSD ( I n thousands of d o l l a r s ) gov. 20,1929 Nov. 13.1929 Nov. 21.1928 RESOURCES Gold with F e d e r a l r e s e r v e a g e n t s . . . . . Gold redemption f u n d w i t h U. S. Treasury . . 1,548,485 76,287 1,624,772 1,550,885 76,247 1,125,095 83,444 1,627,132 1,208,539 718,12$ 698,195 733,907 678,131 796,380 662,54s . 3,041,695 153, W 3,195:628 91,042 3,039,170 147,808 3,186,978 92,617 2,667,467 . . Reserves o t h e r t h a n g o l d Total r e s e r v e s . . . . . . . . . . . Non-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 ' . . . . . . . . . 132,622 2,800,089 429,16c 470,39s 470,342 501,013 470,127 329,819 . 899,558 971,355 799,946 . . 283,831 299,512 484,164 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 U. S. Government s e c u r i t i e s . . 76,791 121,99s 127,739 326,52s 80,530 108,677 123,349 312,556 54,068 113,166 58,821 226,055 , . 20,348 22,881 4,390 . . . . . 1,530,265 1,606,304 1, 514, 555 123 7S9,4oo 59,120 11,493 726 938,259 59,059 11,553 728 800,760 60,59O 8,902 5,677,676 5,895,496 5,249,675 1,924,990 1,937,167 1,716,635 2,518,202 is,936 5,4so 19,995 2,562,613 723,722 167,854 254,39s 44,099 5,677,676 2,607,973 11,157 6,000 20,811 2,346,141 7,090 6,488 18,246 2,645,941 847,085 167,311 254,398 43,594 2,377,965 737,873 146,502 233,319 37,381 5,895,496 5,249,675 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 banks . Total s o l d r e s e r v e s . . Total "bills discounted B i l l s "bought i n oyen market . . . . . . . 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 . . . Dae from f o r e i g n "banks » . . U n c o l l e c t e d items . Bank p r e m i s e s . . , . AH o t h e r r e s o u r c e s TOTAL RESOURCES . . ' 64,051 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: Member banlc - r e s e r v e account Government . , . F o r e i g n bank , Other d e o 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 C a p i t a l p a i d in Surplus All other l i a b i l i t i e s . . . . . \ \ . . . . . , . . . . . . . . • . . . . . TOTAL LIABILITIES R a t i o of t o t a l r e s e r v e s to 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 . . . . 71.258- 69.5# 68.4# Contingent l i a b i l i t y on b i l l s pur chased f o r foreign correspondents . . . . . . . 510,172 50s, 290 263,844 V. RESOURCES • ' RESOURCES AND -LIABILITIES.. OF THE FEDERAL HESSEVE BANKS OH" NOVEMBER 2 0, 1929 (In. thousands of d o l l a r s ) Total Boston New York Fhila. Cleve. Gold with .Federal Reserve Agents 1,548,485 204,917 430,671 75,000 91,900 Gold redemption f u n d with U.S.Treasury 76,287 6,928 16,814 4,920 6,493 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 1,624,772 211,845 447,485 79,920 93,393 Gold s e t t l e m e n t f u n d w i t h F.R.Board 718,728 53,019 273,350 55,172 57,256 Gold and g o l d c e r t i f . h e l d "by banks 693,195 29,146 440,901 29,564 45,031 T o tal s o l d r e s e r v e s 3,041,695 294,010 1,162,236 164,656 200,680 Reserves o t h e r than g o l d 153,933 15,033 48,771 11,480 7,129 . Total r e s e r v e s 3,195,628 309,093 1,211,007 176,136 207,809 ITon-reserve c a s h 91,042 14,918 32,491 2,183 4,490 B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s 429,160 21,691 64,353 45,925 58,563 Other "bills d i s c o u n t e d 470,398 20,597 61,587 48,502 59,67s Total b i l l s discounted 899,55s 42,288 125,940 94,427 118,241 3 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 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 T o tal 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 Uncollected items Bank premises 111 o t h e r r e s o u r c e s TOTAL RESOURCES 283,831 6,706 121.99S 76,791 127,739 689 2,l6l 9,283 326,52s 12,133 1,000 1,530,265 62,127 20,34s 728 53 789,400 79,992 59,120 3,702 108 11,493 5,677,676 469,993 73,75^ Rich, A t l a n t a Chicago S t . L o u i s 56,190 100,800 259 , 564 3,180 4,l6>9 11,4-20 59,370 104,969 270,984 14,137 7,379 111,247 10,160 3,243 87,717 83,667 115,591 469,948 6,03s 15,993 13,577 89,705 131,534 433,525 4,707 5,797 8,580 62,800 6,734 S t . 0397b Minn. Kans.Cy. D a l l a s San Fran, 49,157 3,970 50,00 0 2,74l 69,534 53,127 52,741 33,182 143,222 28,595 17,752 33,492 22,985 43,844 6,389 5,147 5,530 9 , 0 9 1 26,226 104,518 76,026 91,813 65,258 213,292 8,632 3,092 5,227 5,079 13,832 113,150 79,113 97,o4o 70,337 227,124 4,447 1,445 2,365 2,711 6,908 8,23s 70,845 26,743 10,631 4s,i46 58, 529 24,219 14,33s 54,149 56,384 129,374 50,962 24,969 12,162 38,800 19,077 23,351 43,226 42 3,352 21,919 32,230 24,251 38,705 54s 1,152 218 19,927 2,125 4,962 5S5 9,616 10,947 278 375 3,407 4,360 7,655 3,749 16,871 4,234 282 5,347 17,990 7,291 1,746 2,735 159,169 27,072 15,729 1,309 3,972 42,277 17,071 10,457 3,063 10,450 1,125 1,500 2,000 4,273 369,313 134,786 174,270 75,035 38,707 216,877 63,075 43,051 81,34o 225 69 74 23 IS 24 29 33 99 215,145 66,4oo 72,746 60,982 26,134 96,504 35,540 18,672 42,978 16,087 1,762 6,535 3,395 2,744 8,529 3,997 2,110 4, l4o 224 1,173 3,046 166 637 3,68b 413 625 517 1,847,314 381,560,467,097 234,494 258,680 814,739 225,651 144,931 228,053 - 7,651 68,350 3,544 5,536 7,813 67 10,611 1,205 16,893 11,883 34,730 20,438 47,354 59,031 28,089 115,704 19,246 11,744 32,371 65,295 55,169 - 30,723 136,763 2,459 6,4-59 — —» — 56,726 159,958 24 30,279 1,922 365 52 44,028 4,197 533 162,364 442,800 5 >ll.D F.R.notes in actual circulation Deposits: Member "bank r e s e r v e account Government F o r e i g n "bank Other d e p o s i t s T ot al d e p o s i t s D e f e r r e d a v a i l a b i l i t y items C a p i t a l p a i d in Surplus All other l i a b i l i t i e s TOTAL LIABILITIES Reserve r a t i o ( p e r c e n t ) 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 F . R . n o t e s on hand ( n o t e s r e c r d from FoR.Agent l e s s n o t e s i n c i r c u l a t i o n ) v F s R . n o t e s r e c ' d from Comptroller E:j R.. n o t e s h e l d by F.R.Agent | F . R . n o t e s i s s u e d to F.R.Bank Collateral held as security for i 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 i Gold fund - F. R. Board • E l i g i b l e paper j 06' 'i'ixjil' JtfSBMitUi S uJ iV u V i u ^ 2#, 1 c'v. Oj^jC ( i n thousands of d o l l a r s ) Total. Boston New York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn.. Kans.Cy. D a l l a s San Fran. 1,924,990 204,6?4 375,974 139,539 175,474. 92,532 152,767 305,902 92,268 66,913 8 5 , 4 l 4 50,665 182,868 L I A B I L I T I E S 2,518,202 151,655 1,119,508 136,172 175,477 ... 63,721 18,936 1,551 2,936 1,393 1,024 1,735 5,480 432 1,413 560 595 268 19,995 8,918 39 130 1,035 112 2,562,613 153,677 1,132,775 138,255 178,131 65,-836 723,722 78,092 189,805 59,981 67,265 55,534 167,854 11,271 64,558 16,532 15,615 6,017 254,398 19,619 71,282 24,101 26,345 .12,399 44.099 2, 60O 12,920 3,152 4,267 2,176 60,128 353,065 76,777 50,720 89,483 1,734 2,843 1,382 871 246 228 799 233 146 193 94 721 236 314 123 65,786 175,716 890 2,331 193 420 4i 8,232 62,184 357,428 78,628 52,051 90,045 66,910 186,693 24,708 88,208 36,474 14,297 37,589 30,386 41,383 5,383 20,029 5,238 3,072 4 , 2 8 5 4,472 11,382 10,554 3,084 36,442 6,730 10,820 7,082 9,086 8,690 17,978 2,223 1,516 1,634 1,241 2,496 5,677,676. 469,993 1,847,314 381,560 467,097 234,494 258,680 814,739 225,651 144,931 228,053 162,364 442,800 71.2 S6.3 80.3 63.4 58.8 56.6 61,2 72.9 66.2 66.5 55.3 59.8 61.5 510,172 37,578 156,231 48,749 51,796 23,359 19,805 69,569 20,312 12,695 16,758 16,758 36,562 502,059 47,015 3,597,498 311,339 .1,170,449 59.6% 2,427,049 251,689 357,715 35,300 1,190,770 169,617 1,136,.223 47,731 191,573 24,245 24,277 j 17,116 27,057 67,422 13,948 FEDERAL RESERVE 1T0TE ACCOTJIITS OF FEDERAL RESERVE AGENTS £ S l ; ^ 5,852 10,823 1^1? i-M 96,237 77,476 359,531 16,843 113,90c 60,633 245,631 14,157 35,ooo 50,000 17,223 35,000 13,500 101,763 5°7,547 163,784 199,751 .109,648 179,824 373,324 106,216 72,765 177,045 253,626 189,001 28,600 46,4oo 16,900 75,000 16,190 4o,ooo 91,551 154,991 66,4o8 9,500 91,300 259,564 79,039 170,069 7,800 55,000 50,883 9,968 62,763 27,681 ls 77,360 39,102 146,407 Total c o l l a t e r a l 2 8 3 , 1 7 0 Total 'Bills discounted j i l l s bought i n open market e r t i f i c a t e s . of i n d e b t e d n e s s i&micipal w a r r a n t s 'i. 899,558 283,831 127,739 1.148 Within I5 days 674,184 65,270 570 Id to 30 days 61,074 60,158 57,243 600 3 31 to 60 days 61 to 90 days 100,044 47,283 15,978 995 90 531 13,090 - 12,118 17 44,628 145,298 12,676 \ Over 6 months ' 429
@FedFRASER