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STATEMENT FOR THE PRESS Released for publication Friday morning, Oct. 10; not e a r l i e r . S t . 67U9 F e d e r a l Reserve Board, O c t o b e r 9» 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 t a n k c r e d i t o u t s t a n d i n g d u r i n g t h e week e n d i n g O c t o b e r 8 , a s r e p o r t e d "by t h e F e d e r a l r e s e r v e "banks, was $ 1 , 0 4 l , 0 0 0 , 0 0 0 , an i n c r e a s e of $ 2 9 , 0 0 0 , 0 0 0 compared w i t h t h e p r e c e d i n g week and a d e c r e a s e of $ 3 8 3 , 0 0 0 , 0 0 0 compared w i t h t h e c o r r e s p o n d i n g week i n 1929. On O c t o b e r 8 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 2 , 0 0 0 , 0 0 0 , an i n c r e a s e of $ 2 , 0 0 0 , 0 0 0 f o r t h e week. T h i s i n c r e a s e c o r r e s p o n d s w i t h a n i n c r e a s e of $ 1 4 , 0 0 0 , 0 0 0 i n member b a n k r e s e r v e b a l a n c e s , o f f s e t i n p a r t by a d e c l i n e of $ 5 , 0 0 0 , 0 0 0 i n money i n c i r c u l a t i o n a n d i n c r e a s e s of $ 3 , 0 0 0 , 0 0 0 i n monetary g o l d stock and $3,000,000 i n Treasury c u r r e n c y . 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 r e a s e d $ 1 3 , 0 0 0 , 0 0 0 d u r i n g t h e week, t h e p r i n c i p a l c h a n g e s b e i n g d e c l i n e s of $ 3 , 0 0 0 , 0 0 0 each a t t h e F e d e r a l R e s e r v e Banks of B o s t o n and S t . L o u i s and $ 2 , 0 0 0 , 0 0 0 each a t P h i l a d e l p h i a , A t l a n t a a n d C h i c a g o . The S y s t e m ' s h o l d i n g s of b i l l s b o u g h t i n open m a r k e t i n c r e a s e d $ 1 8 , 0 0 0 , 0 0 0 and of T r e a s u r y c e r t i f i c a t e s a n d b i l l s $ 1 , 0 0 0 , 0 0 0 , w h i l e h o l d i n g s of T r e a s u r y n o t e s d e c l i n e d $ 1 , 0 0 0 , 0 0 0 . Changes i n t h e amount of r e s e r v e b a n k c r e d i t o u t s t a n d i n g a n d i n r e l a t e d i t e m s d u r i n g t h e week a n d t h e y e a r e n d i n g October 8 , 1930, were a s f o l l o w s : Oct. 8 1930 I n c r e a s e or d e c r e a s e since Oct. 1 Oct. 9 1930 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 States 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 173 211 oOO 28 — TOTAL RESERVE BAM CREDIT Monetary g o l d s t o c k Treasury currency a d j u s t e d 1,012 4,514 1,784 + + + Money i n c i r c u l a t i o n Member b a n k 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 . 4,487 2,408 4i6 + 13 18 1 2 + — - - mm . - 684 122 - 459 26 2 3* 3 + + 373 136 3 5* l4 + + 301 - 69 l •October 1 f i g u r e s r e v i s e d . C Released f o r p u b l i c a t i o n Friday morning, October 10,1930; n o t e a r l i e r . St.6749a RESOURCES A2TD LIABILITIES OF THE TWELVE FEDERAL RESER7E 3ANICS COMBINED ( I n t h o u s a n d s of d o l l a r s ) Oct. g . i q i o Oct. i . i q i o O c t . q . iQ2q 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 r e d e m p t i o n f u n d w i t h U . S . T r e a s u r y . 1,5U9,6O6 34,868 1,558,456 34,904 1,506,735 61,99% 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. B o a r d . Gold and g o l d c e r t i f i c a t e s h e l d by banks 1,584,474 1,593,360 545,660 837,749 1,568,729 811,642 2,976,528 149,625 2,976,769 3,012,227 14^,448 3,126,153 65,757 3,128,388 66,469 55,011 118,155 173,166 122,361 185,916 211,023 193,108 R E S O U R C E S Total reserves Uon-reserve cash B i l l s discounted: S e c u r e d 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 Total b i l l s discounted . . . B i l l s b o u g h t i n open m a r k e t U. S. Government s e c u r i t i e s : Bonds Treasury notes C e r t i f i c a t e s and b i l l s 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 T o t a l b i l l s and s e c u r i t i e s . . . . Due f r o m f o r e i g n banks Uncollected items . . . . . . F . R. n o t e s of o t h e r b a n k s Bank p r e m i s e s All other resources 544,854 847,200 33,253 151,619 63,555 38,306 631,856 3.161,675 66,856 383,341 473,965 857,306 333,151 37,650 75,538 27,570 289,756 272,430 600,439 6,272 291,429 271,442 601,177 140,758 6,772 14,755 990,900 986,973 701 1,345,970 808 708,397 25,243 58,935 702 559,402 18,040 59,674 12,475 606,052 4,833,103 4,878,977 5 . 3 7 7 ,749 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 b a n k - r e s e r v e a c c o u n t . . . . Government Foreign bank O t h e r de-oosits 1,365,39S 1,376,351 1,860,300 2,407,758 33,233 2,394,316 37,372 2,338,979 T o t a l de-oosits Deferred 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 RESOURCES L I A B I L I 18,704 59,644 12,046 9,865 T I E S . . . . . TOTAL LIABILITIES 6,696 22,711 18,425 6,251 18,746 7,775 17,9^3 2,466,112 2,456,685 2,387,408 538,588 583,251 170,647 170.555 276,936 15,514 • 276,936 15,107 670,376 166,934 254,398 38,333 4,833,103 4,878,977 5,377,749 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 a n d F. R. n o t e l i a b i l i t i e s combined . . . 81.6$ 81.6# 74.4 C o n t i n g e n t 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 435,194 431,411 456,505 R E S O U R C E S Total - 2 T J rS^iB=ivelZ_sein2t S S S i Tot-1 reserves - r r E r ; r i i e , t 1 F , R. n o t e s of o t h e r hanks Bank p r e m i s e s All other resources TOTAL RESOURCES s 3 2 0 , 0 5 1 142,026 1 9 2 , 2 0 5 s 65)757 " Total "bills discounted 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 notes C e r t i f i c a t e s and b i l l 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 M i l s and s e c u r i t i e s 4 , 4 7 4 155,653 a "ISS 64,475 118,098 175,229 m "•& ^ 57,806 49,332 5 « 6f4o7 17>772 4,476 4,6o4 ^ 3,563 4,653 9,669 4,010 24,203 15,096 15,834 10,215 17,765 7,547 ^ 173,166 211,023 9,519 22,843 25,649 83,841 15,281 104 a , 086 17,313 17,747 9,058 38,253 289,756 2,187 64o 26,424 272,430 756 23,239 22,180 237 34,358 1,176 8, 086 7,7a 27,178 210,872 74,925 1 1 4 , 1 9 4 53,559 301,100 600,439 46,175 1,000 990,900 79,537 78,882 105,171 l,4i4 1,874 2,814 3,9^1 9,214 10,316 6,263 8,729 7,646 19,699 7,842 43 9,385 14,324 29,229 39,009 3J£ 43 20,01% 7,708 4,975 186,240 4,250 25,188 23,260 52,252 57,855 1,000 16,983 12,726 299,980 68,637 96,254 43,788 la.O^ 57,ip ^2o8 ^,03b 52,48 ^275 ^ 1 ° 1,177 1,^7 12,475 150 4,736 a? 1,130 509 6,272 71,494 S:% 1 : 3 3 , 1 2 6 , 1 5 3 227,008 1 , 0 2 3 , 2 1 8 225,74? 3 2 1 , 6 5 2 100,720 147,964 430,256 100,810 Non-reserve cash M 6 S 1]5S k RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BMKS OH OCTOBER 8, 1930 ( I n t h o u s a n d s of d o l l a r s ) S t . GjUgia Boston Hew York R i i l a . CI eve. R i c h . 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 F r a n . 42 .523 4 , ? 4 7 1 2 , 4 1 0 14,679 31,400 15,926 8,900 1 4 , 0 1 5 29,861 7 , 4 5 0 81,27s 23,899 26,057 28,736 22 4 ? , l 4 4 114,139 1.2^ 2,924 g . y 744 47,280 25 27,030 1,376 3,811 297 36,283 16 12,418 1,137 2,01S 487 4,501 \f» 5,280 12,002 24,642 47,191 63,988 to 21 21 32,25s 20,454 33,967 328 2,760 1,535 46,679 3,972 329 1,876 592 4,849 360 4,833,103 3?4,IO4 1,511,083 3 5 ^ 5 2 485,504 195,752 223,195 631,405 184,639 128,698 200,862 131,835 411,574 L I AB I I I T I E S RESOURCES ASD LIABILITIES OF THE FEDERAL RESERVE BASICS OH OCTOBER 8 , 1930 ( i n t h o u s a n d s of d o l l a r s ) s t . 6749c T o t a l Boston Hew York P h i l a . C l e v e . R i c h . 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 F r a n . 1,365,398 133,134 207,237 iig,220 186,061 66,028 124,572 154,183 63,086 51,806 67,989 35,499 1 5 7 , 5 8 3 F . R . n o t e s i n acfraal c i r c u l a t i o n Deposits: 2 , 4 0 7 , 7 5 8 1 4 8 , 3 9 1 1,001,692 141,017 196,530 6 3 , 5 0 9 60,784 345,082 7 3 , 3 7 1 5 2 , 5 8 8 8 7 , 0 6 4 58,843 178,887 Member "bank - r e s e r v e a c c o u n t 33,233 2 , 5 3 4 3,676 2,135 3,167 Government d e p o s i t s 2,690 5,729 1,260 874 5,930 2,64o 1,396 1,202 6,696 388 508 220 524 3,179 Foreign tank 189 702 189 121 157 362 18,425 4o 6,752 324 1,463 120 Other d e p o s i t s 125 %0 201 l66 396 8,293 % 2 , 4 6 6 , 1 1 2 1 5 1 , 3 5 3 l>015,309 1 4 3 , 9 8 4 201,684 6 9 , 7 8 4 6 3 , 7 8 3 352,003 7 5 , 0 2 1 53,749 8 9 , 0 1 3 61,685 188,744 Total d e p o s i t s Deferred a v a i l a b i l i t y items 538,588 5 5 , 9 6 2 1 3 6 , 7 8 4 48,031 5 1 , 4 4 5 40,879 16,467 62,798 29,044 12,051 30,190 20,628 34,309 Capital p a i d in 66,256 16,796 1 5 , 9 5 0 170,555 11,881 5,804 5,244 5 , 3 6 5 20,164 4,327 3,053 4 , 3 5 6 11,359 Surplus 276,936 2 1 , 7 5 1 80,001 26,965 29,141 12,496 10,857 40,094 10,877 7 , 1 4 3 9,162 8 , 9 3 5 1 9 , 5 1 4 15,514 23 %6 All other l i a b i l i t i e s 5,496 1,223 76i 2,151 2,163 1 , 3 6 7 89b 181 _ _ l l i 1 -i5_ 4 , 8 3 3 , 1 0 3 3 7 4 , 1 0 4 1,511,033 354,452 4 8 5 , 5 0 4 1 9 5 , 7 5 2 223,195 631,405 184,639 128,698 200,862 131,835 4 1 1 , 5 7 4 TOTAL LIABILITIES 81.6 Reserve r a t i o (per cent) 86.1 79.8 83.7 83.0 74.2 78.6 85.0 71.0 73.0 60.3 72.7 86.9 C o n t i n g e n t l i a b i l i t y on b i l l s p u r c h a s e d f o r f o r e i g n c o r r e s p o n d e n t s 435,194 3 l , 9 4 l 145,568 4 l , 8 6 8 4 3 , 1 6 3 18,129 15,539 57,839 15,539 9 , 9 2 7 12,949 12,949 29,783 Federal reserve notes: I s s u e d to F.R,bank by F . R . a g e n t 1,796,482 176,456 431,084 4 3 , 3 2 2 Held b"r F e d e r a l r e s e r v e b a n k In a c t u a l c i r c u l a t i o n 1,365,398 133,134 C o l l a t e r a l h e l d by a g e n t 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: Gold and g o l d c e r t i f i c a t e s 449,550 35,300 Gold f u n d - F. R. Board 1,100,056 119,617 352,417 3 2 , 2 8 3 E l i g i b l e paper 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 and b i l l s Municipal warrants 1,902,023 187,200 FEDERAL RESERVE HOTS STATEMENT 360,909 139,894 222,743 8 5 , 8 2 3 150,127 181,138 7 8 , 0 0 8 57,258 79,477 41,985 222,664 153,672 21,674 36,682 19,795 25,555 26,955 1 4 , 9 2 2 5,452 11,488 6.486 65.081 207,237 118 , 220 186,061 66,028 124,572 154,183 63,086 51,806 67,989 35,499 157,583 277,010 39,900 15,550 28,626 100,100 175,000 5,000 7,100 8,545 11,845 58,000 108,900 174,000 47,600 36,700 70,000 8 1 , 1 8 8 1 4 , 7 3 2 3 7 , 2 3 4 26,751 34,277 32,696 23,260 9 , 6 1 8 17,828 386,824 154,732 227,784 89,751 150,277 206,696 79,405 58,163 87,828 Total Within 15 days 173,166 211,023 101,788 272,430 22 125,273 MATURITY DISTRIBUTION OF BILLS ALnD SHORT TERM SECURITIES 91 days t o l 6 to 30 days 31 t o 60 days 6 l to 90 days 6 months 22,880 27,566 16,730 3,943 29,878 46,679 9,084 109 25,214 83,320 22 i4,3oo 11,750 17,674 43,724 35,000 169,763 24,876 229,639 Over 6 months 259 163,896
@FedFRASER