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.STATEivSNT FOR THE PRESS St. 64oo Released f or p u b l i c a t i o n . Saturday morning, Nov. 30; not e a r l i e r . F e d e r a l Reserve Board, November 29, 1929« CONDITION OF FEDERAL RESERVE BA27KS 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 Federal r e s e r v e banks on November 27, made p u b l i c by the Federal Reserve Board, shows an i n c r e a s e f o r the week of $12,800,000 i n h o l d i n g s of discounted b i l l s and d e c r e a s e s of $26,500,000 i n h o l d i n g s of b i l l s bought i n Open market and $400,000 i n 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 $142,600,000 and cash r e s e r v e s $61,000,000, while Government d e p o s i t s i n c r e a s e d $16,900,000 and Federal r e s e r v e n o t e c i r c u l a t i o n $5,200,000. Total b i l l s and s e c u r i t i e s were $15,800,000 below t h e amount r e p o r t e d a week ago. Holdings of d i s c o u n t e d b i l l s i n c r e a s e d $36,600,000 a t the F e d e r a l Reserve Bank of Chicago, $8,000,000 a t Boston, $4,000,000 a t Kansas City and $3,000,000 a t New York, and d e c l i n e d $17,800,000 a t San F r a n c i s c o , $13,300,000 a t Cleveland, $9,200,000 a t S t . Louis and $3,200,000 a t P h i l a d e l p h i a . 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 $26,500,000 and of U. S- bonds $ l 4 , 0 0 0 , 0 0 0 , while h o l d i n g s of Treasury n o t e s i n c r e a s e d $12,700,000 and of Treasury c e r t i f i c a t e s $900,000. ThQ p r i n c i p a l changes i n Federal r e s e r v e note 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 $21,700,000 a t the Federal Reserve Bank of New York and $3,500,000 a t A t l a n t a , and i n c r e a s e s of $14,300,000 a t P h i l a d e l p h i a , $8,700,000 a t Cleveland, $4,400,000 at Chicago and $3,500,000 a t Boston. 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, t o g e t h e r w i t h changes during t h e week and the year ending November 27, 1929» follows: I n c r e a s e or d e c r e a s e since Nov. 27. 1929 Nov. 20,1929 Nov. 28.1928 ( i n thousands of d o l l a r s ) 3,134,620 2,987,428 l,5l4,46o 61,00s 54,267 - 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 912,349 463,173 + B i l l s bought i n open market . . . 257,315 - U. S. Government s e c u r i t i e s , t o t a l 326,09s 62,791 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 Botes i n c i r c u l a t i o n 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. . . . 449,176 134,649 + 128,658 + + 1,930,181 + 2,437,037 2,375,650 35,847 386,957 - 191,795 21,222 + 77,891 210,367 132,476 26,516 - 225,028 430 i4,ooo + + 12,791 34,013 12,651 4- 96,816 9,349 18,851 919 + 68,616 5,191 + 164,596 125,576 + + + 25,961 14,677 11,64s 142,552 + 412,206 + 15,805 - 4- 16,911 Released, f o r p u b l i c a t i o n Saturday morning,November 30,1929;not e a r l i e r . S t . 63^-Oa RESOURCES 4ND LIABILITIES OF THE T.TELVE FEDERAL RESERVE BMXS 00MBDIED ( I n thousands of d o l l a r s ) Nov. 27.1929 ITov» 20.1929 Hov. 28.1928 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 with U. S.Treasury . 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 with F.R.Board Gold and gold c e r t i f i c a t e s h e l d by banks T o tal gold r e s e r v e s Reserves o t h e r than g o l d * . . . . . . T o ta l r e s e r v e s . . . . . . . Eon-reserve cash . . . i . . 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 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 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. Government s e c u r i t i e s Other s e c u r i t i e s To tal 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 ncolle cte d items Bank premises All other resources TOTAL RESOURCES 1,629,465 76,287 1,705,752 1,548,485 76,287 1,624,772 593M9 718,728 688,227 69s,195 2,987,428 3,041,695 147,192 153,933 3,134,620 3,195,628 79,061^ 91,042 9? 463,173 449,176 912,349 257,315 62,791 134,649 128,658 326,09s 18,698 l,5l4,46o 723 429,160 470,398 899,553 283,831 76,791 121,998 127,739 326,52s 20,348 1,530,265 1,148,031 75,225 1,223,366 781,011 596,094 2,600,471 121,943 2,722,414 50,366 673,540 316,700 990,24o 482,343 53,442 115,798 60,042 229,282 4,390 728 789,400 59,120 11,493 1,706,255 725 707,919 60,595 9,918 5,476,5tT- 5,677,676 5,258,192 676,919 59,157 11,637 L I AB I LI 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 bank - r e s e r v e account . . . Government . Foreign bank Other d e p o s i t s 1,930,181 1,924,990 1,765,585 2,375,650 35,847 2,518,202 2,360,973 20,519 Total deposits . . . Deferred a v a i l a b i l i t y items Capital paid . . Surplus All o t h e r l i a b i l i t i e s . . 19,995 2,437,037 jfy2,562,613 641,556-^ 723,722 168,321 167,854 254,398 254,398 45,082 44,099 5.476,5?^ 5,677,676 TOTAL LIABILITIES . . . . 5,021 18,936 5,480 24,199 6,295 19,609 2,411,076 663,280 146,436 233,319 38,496 5,258,192 6 l j 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 . 71.856 71.2£ 65.2% Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . . . . 509,380 510,172 26s,794 c RESOURCES —tfflSBUBGSS--aro-'LiaBIEITniS OF THE FEDERAL"'RESERVE BANKS OH NOVEMBER 27, 1929 (In thousands of d o l l a r s ) Total Boston Gold with Federal Reserve Agents 1 , 6 2 9 , 4 6 5 214,917 Gold redemption fund with U . S . T r e a s u r y 76,287 6,928 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 , 7 0 5 , 7 5 2 221,s45 Gold s e t t l e m e n t fund with F.R.SOard Gold and g o l d c e r t i f . h e l d "by "banks Total s o l d r e s e r v e s 593,449 42,878 29,544 688,227 New York 430,671 l6,8l4 . 447,485 162,359 422,905 Phila. Cleve. 9 2 , 0 0 0 106,900 4,920 6,493 96,920 51,851 35,231 Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. D a l l a s San Fran. 56,190 99,780 259,564 6 7 , 8 0 0 49,157 50,000 30,723 171,763 3,180 4,169 11,420 6 , 7 3 4 3, 970 2 , 7 4 l 2,459 6 , 4 5 9 — • • 5 9 , 3 7 0 103,949 270,984 74,534 53,127 52,741 33,182 178,222 113,393 82,684 24,530 42,124 11,185 2 , 9 8 7 , 4 2 8 294,267 1 , 0 3 2 , 7 4 9 1 8 4 , 0 0 2 238,201 1 47,192 14,227 43,368 11,213 " j , i j 4 , b z o 308,494 1 , 0 7 b , 117X95,215 R e s e r v e s o t h e r than g o l d Totsq r e s e r v e s Non-reserve cash 10., 702 79,06^ B i l l s discounted: Secured "by U.S.Govt, o b l i g a t i o n s Other "bills d i s c o u n t e d 32,l4g 1,474 10,l40 7,549 245,750 2,731 4,56$ 4,672 912,349 50,244 128,977 B i l l s bought i n open market 257,315 4,773 73,447 9,709 34,070 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 indebtedness 62,791 134,649 128,658 2,105 9,339 6S9 25,155 78,408 55,796 9,557 10,922 16,930 4,259 1,152 372 285 3,384 5,4il Total U.S.Govt, s e c u r i t i e s 326,09s 12,133 159,359 27,072 .15,729 1,809 8,883 13,69s 1,000 9,350 l,5l4,46o 6s,150 371,133 723 53 ,676,919 69,466 184,176 Total "bills d i s c o u n t e d 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 Due from f o r e i g n banks U n c o l l e c t e d items Bank premises A l l other resources 11,637 TOTAL RESOURCES w. for FRASER Digitized 3,702 95 59,157 * - * * 29,935 91,134 104,947 5 2 , 6 4 1 1,150 17,231 .545 1,500 16,087 3,382 59,345 1,762 203 Ik 65,4I6 6,535 1,185 7,874 3,837 32,432 20,4l9 30,894 2,942 79,463 5,364 96,29$ 5,523 6dj09 13,437 250,115 1,528 1,725 2,889 4,91§. 6,389 ^ I 72,480 5,755 9,185 27,562 76,521 90,928 62,786 236,678 13,826 13,705 27,110 35,937 23,192 25,454 58,4s4 165,998 20,342 36,905 41,781 27,531 63,047 29,581 42 2,894 17,878 10,54s 29,476 83 19,927 2,125 18,203 7,6l4 7,332 4,64o 3,767 1,517 263 2,800 7,Sl4 3,510 5,570 68 10,600 1,216 42,277 17,071 9,924 3,063 16,894 11,884 3,69s — 4,147 2,000 71,681 87,709 247,130 33 50,883 3, 395 28 20,546 2,744 3,6lS 99 82,028 8,529 567 632 18,749 4,645 9,075 101,516 20,039 49,409 64,4-82, 2 1 , 7 4 2 - 129,115 156,246 220 69 74 5 , 4 7 6 , ^ 46o,662 1 , 6 8 3 , 2 6 4 387,183 * 22,706 51,263 53,684 585 6,097 5,576 16,424 12,373 9,196 100,661 133,801 456,729 1 2 3 , 6 7 4 69,225 4-1,544 4g,G4o 33,847 95,085 117,377 444,356 114,478 28,000 22,244 59,752 82,666 3,288 90,706 449,176 463,173 S t . 64(#b — 58,894 44,o47 83,988 29 18 24 37,177 4,i4o 403 517 30,23s 14,656 2,110 3,997 — 57,023 1 3 9 , 2 9 4 24 25,502 1,922 162 365 477,937 231,850,253,11s 803,006 221,072 142,339 223,508 156,034 . * « A. . » A. * 4 » 97,934 » 4 52 37,486 4,234 508 Ho 436,6o4^ L I A B I L I T I E S R-.SQURC.uS ^ D LL1BIII TIES OP THE FEDERAL RESERVE B/J3K'S"0H™ M)VEi£3ER' 27 1929" (In thousands of d o l l a r s ) ' To t a l Boston Haw Ynr> Phi 1 B m m-i. ». „ . F.R.notes in actual circulation Deposits: Member bank r e s e r v e account Government Foreign bank Other d e p o s i t s 35,847 5,021 G,34l 955 3,745 20,519 D e f e r r e d 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 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 warrants 92,025 65,200 85,661 63,630 5,116 268 61,632 2,363 78,186 92 211 69,11s 227 930 233 64,369 79,560 52,529 146 202 88,425 1,204 193 183 53,566 90,005 6S9 11II II151| s* ^ ^ && 47,781 6,077 12,399 2,184 TO "ELL LIABILITIES 5,476, Reserve r a t i o (per cent) 71 • („i3 o u , u 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 509,380 37,578 F . R . n o t e s on hand ( n o t e s roc 1 d from F.R.Agent l e s s n o t e s i n c i r c u l a t i o n ) 498,839 46,726 F . R . n o t e s r e e ' d from Comptroller F . 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 F.R. n o t e s i s s u e d to F.R.Bank: Gold ^aid g o l d c e r t i f i c a t e s Gold f u n d - F. R. Board E l i g i b l e paper 94,291 149,301 io4 Total deposits S t . 64ooc 3,601,128 320,925 1,172,108 66,050 2,429,020 254,875 355,695 35,300 1,273,770 179,617 1,125,269 54,941 2,754,734 To t a l 912,349 257,315 120,653 598 269,858 20,395 5,383 10,554 3,116 6,907 11,888 3,076 7,082 1,527 31,155 5,271 10,820 2,241 32,797 4,284 9,086 1,675 . D a l l a s San Frg 49,312 183,762 4,465 11,422 17,978 8,690 1,267 2,512 ,6©*k .a Ho 155,440 43,749 51,796 23,359 19,804 69,569 20,312 12,695 16,758 16,75s 36,562 194,459 10,376 22,114 16,932 29,152 66,585 14,390 6,803 10,096 10,984 64,222 FEDERAL RESERVE 170 TE ACCOUNTS OF FEDERAL RESERVE AGENTS ?52,237 233,926 290,363 166,777 281,933 532,643 132,265 403,535— 63,700 84,120 55,554 25,850 - - - r 103,480 - ' ~ 155,800 , 1 127,130 122,467 81,578 358,884 55,127 26,710 c-jl , c_o c.110,900 _l.lv , 21,282 9 54O,702 170,226 200,243 111,223 178,453 376,843 106,415 72,003 95,757 60,296 247,934 j j \ 1 yUU 8:5 1:1 Jl si Sil S:S S II S-St sS iM 616,553 172,043 245,757 120,805 173,54o 462,191 109,493 79,333 130,520 70,759 298,842 i&lTURITY DISTRIBUTION OF BILLS, CERTIFICATES OF INDEBTEDNESS MD MUNICIPAL 1ARRMTS 16 6 ; , c « 100 a 31 : . : o " ^ ":086 481 6 1 v ° ^ r d i s 17 ° J s v e r 4 4 4 , ; m m t h s
@FedFRASER