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STATEMENT FOR THE PRESS Released for p u b l i c a t i o n Friday morning, Nov. 7! not e a r l i e r . g t > gyyn F e d e r a l Reserve Board November 6 , 1930. CONDITION OF FEDERAL RESERVE BANKS The d a i l y a v e r a g e volume of F e d e r a l r e s e r v e "bank c r e d i t o u t s t a n d i n g d u r i n g the week e n d i n g November 5, a s r e p o r t e d by the F e d e r a l r e s e r v e b a n k s , was $ 1 , 0 2 5 , 0 0 0 , 0 0 0 , an i n c r e a s e of $34,000,000 compared w i t h t h e p r e c e d i n g week and a d e c reas e of i?>639,000,000 compared w i t h the c o r r e s p o n d i n g week i n 1929. On November 5 t o t a l r e s e r v e bank c r e d i t amounted t o $ 1 , 0 1 0 , 0 0 0 , 0 0 0 , an i n °"£> ^ . 0 0 0 . 0 0 0 f o r the week. This i n c r e a s e c o r r e s p o n d s w i t h an i n c r e a s e of $65,000,000 i n money i n c i r c u l a t i o n and $7,000,000 i n unexpended c a p i t a l l u n d s , nonmember d e p o s i t s , e t c . , and a d e c r e a s e of $12,000,000 i n Treasury c u r r e n c y , o f f s e t i n p a r t by a d e c r e a s e of $58,000,000 i n member bank r e s e r v e b a l a n ces. 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 $11,000,000 d u r i n g the week, t h e p r i n c i p a l changes b e i n g an i n c r e a s e of $16,000,000 a t the F e d e r a l Reserve Bank of Hew York and a d e c r e a s e of $3,000,000 a t S t . L o u i s . 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 i n c r e a s e d $20,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $ 8 , 0 0 0 , 0 0 0 , while h o l d i n g s of Treasury n o t e s d e c l i n e d $7,000,000. Changes i n t h e amount of r e s e r v e bank c r e d i t o u t s t a n d i n g and i n r e l a t e d items d u r i n g t n e week and t h e y e a r ending November 5, 1930, were a s f o l l o w s : I n c r e a s e or d e c r e a s e since Nov. 5 1930 Oct . 29 1930 Nov, 6 1929 ( 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 r e s e r v e bank c r e d i t TOTAL RESERVE BASK CREDIT Monetary gold s t o c k Treasury c u r r e n c y a d j u s t e d Money i n c i r c u l a t i o n Member bank r e s e r v e b a l a n c e s Unexpended c a p i t a l funds,nonmember d e p o s i t s ^ e t c , + + + 213 186 602 10 - 1,010 4,534 + + 1,779 — 4,491 2,410 - 423 + + 11 20 1 7 - 778 i44 25 1 12 + 644 154 3 65 58 7 ~ 339 148 6 + 309 30 -Released Xx>r p u b l i c a t i o n F r i d a y morning, Uoveniber 7,1330; n o t e a r l i e r . S t . 6779a RESOURCES J23V LIABILITIES OP THE TIBLV2 FEDERAL I E EI'® 3AT,:S COMBINED ( i n thousands of d o l l a r s ) Hot. iq% Oct. 2 q . i q i o u 0 y . 6.iq2Q RESOURCES Gold w i t h 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 . T r e a s u r y . I,583,4l6 34,255 1,590,116 34,755 1,476 471 76,247 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 1,617,671 520,541 861,130 1^624 ^ 7 1 504,365 17552,713 302 i a 6 907,057 664,'990 Total gold reserves Reserves other than gold . . 2,999,392 146,174 3,037,193 154,581 3,019,904 151,727 3,145,566 3,191,77% 3,171,631 Total reserves • • • 7 • 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 . . . . . . . . 1 ^ 35,068 127,699 71,^72 l3o[o3l 512 632 %g,'24S Total 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 : ®on<is Treasury notes C e r t i f i c a t e s and b i l l s . . . . . . . a2,767 185,602 201,603 165,658 990,830 330,374 38,183 230,595 282,653 33,195 287 8 27 275]4l6 77,252 ^ l 4 117 101 ,*380 T o t a l U.S.Government s e c u r i t i e s . Other s e c u r i t i e s 601,531 6,297 601,433 6,322 292 749 23*631 1,006,197 705 975,021 701 1,637,634 722 4,g4o,4S3 4,S55,1S3 5,675,839 T o t a l b i l l s and s e c u r i t i e s Dae f r o m f o r e i g n banks . . TOTAL RESOURCES . . . . . . . Ji Jl j | L I A B I L I T I E S A 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 a c c o u n t . . . . Other d e p o s i t s Total deposits ::::: "SZ ' IS! ' ih 1,366,554 1,354,831 1,918,327 2,409,700 2 468 280 2 *5*57 708 26,725 10^443 29,669 2,479,345 2,519.411 i%f£ i u M u u ; * - : : : : : : : : TOTTL LIABILITIES t ' M l 4,840,483 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 . . 81.8$ Contingent l i a b i l i t y on b i l l s p u r c h a s e d for foreign correspondents . . . . 431,670 2,$23,100 4,356,1S3 82.4$ *433,529 •^Revised. 5,675,639 69.8$ 508,354 ~~ ~•« ssi RESOURCES Gold h e l d e x c l u s i v e l y a g a i n s t K '!?1 S ^ d r e s e r T e B Reserves o t h e r than gold B™:JT™ Total t i l l s disoomited 81 6 s S& i£ T| ?i ^2 fS " '3,Ilg:S 1I;11 IS IS10'I3s '3 °jg Sg7 S:g a II « ^°^'™ °'% 3:^ "tot 1::: »£ i::: RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BASKS OH NOVEMBER 5, 1930 ( m thousands of d o l l a r s ) ~~ ~ 2.999.392 a | i , 5 9 S 1,040,057 217,891 298,007 146,174 14,772 36,502 8,988 9,350 3l i i i i „ „ 212,767 8,399 54,078 g t , £779* ^ 18,387 : : : : 24,728 95,839 133,148 398,799 96,974 7.655 10,312 20,710 8,492 ^ 17,800 ^ 23,881 ^ 18,370 ^ 13,717 — 71,014 102,861 4,524 7,111 3,710 52,010 278,194 8^215 9 543 ^ ^ 13.5^1—8^991 ^ 7 W ,78 238,991 =arLMsiesrorlt,efl 10,^061,97T g7g;o03S ?,85 Tg7£;g, 5:f'S %gf578,55 |;1S69,83 128,5^0 81ftg 4% .S-T7 2S 2 f^ m = - I T S 1 1 It 11* 1 i 111 !:§ G^Slent^^ie!: ?0nds "5' jS,rS^ TOTAL RESOURCES '813 ^57 2,330 2,187 64o 21,916 237 1 0 ' a 4 1,176 1 0 , 2 " 69 7,5l4 20,017 523 5,068 4,650 8,316 42 6,648 7 842 28,832 43 1,211 4 , s 4 o , 4 s 3 378,211 1,546,750 353,782 474,194 201,919 218,999 623,540 182,165 125,906 202,039 129,767 403,211 RESOURCES AND LIABILITIES OP THE FHMlAL ^MESt'Xm"mTMSBm 5, 1930 s t . 6779c ( I n thousands of d o l l a r s ) L I A B I L I T I E S D a l l a s San Fran. R i c h . A t l a n t a Chicago S t . L o u i s Minn, Kans.Cy. Total Boston New York P h i l a . Cleve. 239,820 118,220 179,308 68,555 118,997 144,973 61,920 48,930 65,617 33,517 156,607 F . R . n o t e e iii a c t u a l c i r c u l a t i o n 1,355,554 130,090 Deposits: Member ba#c - r e s e r v e account 2,409,700 151,595 l,000,27q 142,288 195,775 63,314 6o,oo4 345,877 74,964 54,595 86,561 57,364 177,084 480 3,217 1,072 37,659 4,277 9.224 3,860 3,608 2,018 6,;,l46 i,54o 1,086 1,131 Government d e p o s i t s loO 368 160 123 224 192 ' 715 192 5,261 395 1,682 517 533 Foreign "bank 8,186 36 213 59 90 599 233 26,725 91 15,171 318 1,638 91 Other d e p o s i t s 2,479,345 156,358 1,026,356 146,983 201,554 65,647 66,432 348,731 76,475 56,062 87,260 50,777 186,710 Total d e p o s i t s 9,836 35,196 21,485 28,184 529,683 57,809 128,648 44,378 46,993 48,456 15,217 67,212 26,269 D e f e r r e d a v a i l a b i l i t y items 170,424 11,881 66,228 16,765 15,906 5,778 5,356 20,166 5,257 3,o6l 4,319 4,357 11,350 Capital paid in 9,162 8,935 19,514 7,143 276,936 21,751 80,001 26,965 2 9 , l 4 l 12,496 10,857 40,094 10,877 Surplus 846 696 435 874 17,541 322 5,697 471 1,292 . 987 2,l4o 2,364 1,367 All other l i a b i l i t i e s 4,S4O,483 378,211 1,546,750 353,782 474,194 201,919 218,999 623,540 182,165 125,906 202,039 129,767 to3,2ii TOTAL LIABILITIES 83.8 63.9 71.9 81.8 80.1 85.0 85.5 80.7 77.1 77.4 85.0 76.2 71.9 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 141,035 42,014 43,314 18,192 15,593 58,o4o 15,593 9,962 12,994 12,994 29,887 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 431,5?0 32,052 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: I s s u e d to F.R.hank by F . R . a g e n t 1,788,411 172,477 421,857 42,387 Held "by F e d e r a l r e s e r v e bank In actual circulation 1,366,554 130,090 C o l l a t e r a l h e l d by agent a s s e c u r i t y f o r n o t e s i s s u e d to bank: 45o,56o 35,300 Gold and g o l d c e r t i f i c a t e s 1,122,856 124,617 Gold f u n d - F. R. Board 354,528 21,435 E l i g i b l e paper Total c o l l a t e r a l 1,937,944 181,352 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 and b i l l s Municipal w a r r a n t s 212,767 185,602 282,653 47 387,264 138,009 216,967 37,659 239,820 118,220 179,308 S 5 , 5 i 4 146,419 171,393 16,959 27,422 26,4ao 68,555 118,997 144,973 277,010 39,900 15,550 78,626 100,100 165,000 83,624 15,321 41,551 7,100 7,945 62,000 107,200 i64,ooo 54,6oo 26,796 33,H9 35,745* 19,933 439,260 155,321 222,101 93,796 147,419 199,745 82,478 55,091 85,990 147,444 19,789 Within 15 days 139,185 60,380 29,714 82,328 20,408 61,920 5,000 53,533 75,755 33,910 219,842 4,603 10,138 5,393 63,235 48,930 65,617 33,517 156,b07 11,845 35,700 7,546 65,000 20,990 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to l 6 to 30 days 31 to 60 days 6l to 90 days 6 months 7,14b 15,071 31,428 19,247 111 30,642 38,346 56,123 81,395 " 47 15,910 45,000 11,250 154,763 i4,4oi 34,067 4i,561 233,830 Over 6 months 690 171,544
@FedFRASER