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STATEMSTT FOR THE PRESS Released f o r publication Friday morning, Oct. 17; not e a r l i e r . St<6757 Federal Reserve Board October 16, 1930. CONDITION OF FEDERAL RESERVE BMKS The daily average volume of Federal reserve bank c r e d i t outstanding during the week ending October 15, as reported by the Federal reserve banks was $1,026,000,000, a decrease of $15,000,000 compared with the preceding week and of $415,000,000 compared with the corresponding week in 1929, On October 15, t o t a l reserve bank credit amounted to $1,044,000,000, an increase of $32,000,000 f o r the week. This increase corresponds with increases of $32,000,000 i n member bank reserve balances, $10,000,000 in money in c i r c u l a t i o n and $3,000,000 in unexpended c a p i t a l funds, etc.* o f f s e t i n p a r t by an increase of $12,000,000 i n Treasury currency. Holdings of discounted b i l l s increased $37,000,000 during the week, the principal changes being increases of $32,000,000 a t the Federal Reserve Bank of New York, $3,000,000 at Cleveland and $2,000,000 at Philadelphia. The System'sholdings of b i l l s bought i n open market declined $26,000,000 while holdings of Treasury c e r t i f i c a t e s and b i l l s increased $1*000,000 and those of U. S. bonds and Treasury notes were p r a c t i c a l l y unchanged. Changes in the amount of reserve bank c r e d i t outstanding and in r e l a t e d items during the week and the year ending October 15, 1930, were as follows: Increase or decrease since -Oct.15 Oct. 8 Oct. l6 1930 1930 1929 (In millions of dollars) 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 reserve bank c r e d i t 210 185 602 47 + + 37 26 2 19 + - - 639 175 464 63 - + TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted 1,044 4,515 1,796 + + + 32 l 12 _ + + 413 136 15 Money in c i r c u l a t i o n Member bank reserve balances Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 4,497 2,44o 4ig + + + 10 32 3 + 292 32 - Released f o r publication Friday morning, October 17,1930; not e a r l i e r . St.6757^ RESOURCES MD LIABILITIES OF THE .TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Oct. 15.1950 Oct. 8,1930 Oct. 16.1929 Gold with Federal reserve agents . . . . Gold redemption fund with U. S. Treasury 1,546,206 34,868 1,549,6O6 34,868 1,547,526 66,810 Gold held exclusively against F.R.notes Gold settlement fund with F . R. Board . Gold and gold certificates held "by "banks 1,581,074 1,584,474 l,6l4,336 538,443 859,820 2,979,337 544,854 847,200 2,976,528 758,685 631,815 3»004,836 • l46,751 149,625 153,523 Total reserves . . . . . . Non-reserve cash . . . . . . .* B i l l s discounted: Secured "by U.S.Government obligations Other "bills discounted . Total "bills discounted . . . . 3,126,088 3,126,153 3,158,359 66,054 65,757 70,746 Bills "bought in open market 89,024 121.415 210,439 185,49 2 55,011 118,155 173,166 211,023 U. S. Government s e c u r i t i e s ; Bonds 38,4oo 38,253 272,430 600,439 6,272 990,900 702 559,402 18,O4O 401,458 447,477 848,935 360,110 , 37,967 J2,0SS 27,595 137,628 23,755 1,370,428 754 .1,022,985 26,828 4,833,103 5,718,121 1,372,211 1,365,398 1,859,621 2,440,364 2,407,758 2,408,482 R E S O U R C E S Total gold reserves . . . . . . Reserves other than gold Treasury notes . . . •• 289,772 C e r t i f i c a t e s and "bills 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 . . . . . . . Total t i l l s and s e c u r i t i e s . . . Due from foreign "banks Uncollected items F. R. notes of other "banks Bank premises . . All other resources •• TOTAL RESOURCES 289,756 273,442 601,6l4 6,272 1,003,817 2,l6o 816,436 18,84l /3 1 59,637 2 , 4 " 5,104, 59,674 7 5 58,944 9,077 L I A B I L I T I E S F. R. notes in actual c i r c u l a t i o n . . . Deposits: Member "bank - reserve account . . . . Government Foreign bank . . . . . . . . . . . . . Other deposits . . . . . . . Total deposits 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 LIABILITIES . . . . . . 23,737 4,970 22,801 2,491,872 778,027 170,493 276,936 246 " 5,104^f85 (,.13/ 33,233 6,696 18,425 2,466,112 538,588 25,351 5,203 21,591 170,555 276,936 2,460,627 937,453 166,998 254,398 4,833,103 5,718,121 15,514 39,024 Ratio of t o t a l reserves to deposit and F. R. note l i a b i l i t i e s combined . . . 80.9$ 81.6$ 73*1$ Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . . . . . . 439,103 435,194 463,153 RESOURCES MB LIABILITIES OF THE FEDERAL RESERVE 3AHS OH OCTOBER 15, 1930 RESOURCES (in thousands of dollars) St. 6757b Total Boston Hew York Phi In.. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran. Gold with Federal reserve agents 1,5^6,206 154,917 305,636 140,000 190,550 65,000 112,300 174,000 55,9^5 47,045 70,000 26,050 204,763 Gold redemption fund with U.S.Treasury34,868 jkl l4,4l5 2,026 1,655 1,^75 2,092 1,229 l,66l 837 l,1^ 1,128 6,109 Gold held exclusively against F. R. notes 1,581,07% 155,658 320,051 142,026 192,205 66,475 114,398 175,229 57,606 47,882 71,^4 27,17s 210,872 • n Old settlement fund with F.R.Board 538,443 35,643 150,217 48,034 6i,S32 13,237 7,5l6 101,023 28,824 l2,34o 29,039 15,333 35,405 2,979,337 224,256 989,027 217,210 312,297 89,365 Total gold reserves 146,751 14,231 35,86o 8,316 7,809 7,271 Reserves other than gold 3,126,088 238,^7 1,024,887 226,126 320,106 97,236 Total reserves 66,054 6,626 16,635 5,001 4,493 3,712 Hon-reserve cash B i l l s discounted: 4o,6os 10,086 13,573 3,522 89,024 5,009 Secured by U.S.Govt, obligations 121,415 17,141 7,328 10,498 l4,4so 4,058 Other b i l l s discounted Total b i l l s discounted 210,439 9,067 57,7^9 17,4I4 24,071 18,002 IO4 17,654 8,392 185,492 17,550 B i l l s bought in open market 56,773 U. S. Government s e c u r i t i e s : 64o 38,4oo 2,187 237 1,176 Bonds 756 289,772 23,239 78,983 26,424 34,358 8,086 Treasury notes 273,442 22,180 106,171 25,188 23,260 7,721 C e r t i f i c a t e s and b i l l s 601,6l4 46,175 187,341 52,252 57,855 16,983 Total U.S. Govt, s e c u r i t i e s 1,000 Other s e c u r i t i e s 6,272 1,000 4,250 Total "bills and s e c u r i t i e s 1,003,817 Dae from foreign hanks 2,l6o Uncollected items 816,436 F. R. notes of other banks 18,S4l Bank premises 59,637 All other resources 1 3, a * TOTAL RESOURCES 73,792 52 88,315 300 3,580 129,616 416,Q6i 94,336 65,661 108,346 52,97s 278,624 11,907 22,328 8,925 4,395 6,205 7,639 11,265 141,523 439,229 103,261 70,056 114,551 60,617 289,949 4,837 9,955 3,46o 2,096 1,818 3,052 4,369 l,4o6 5,077 2,752 22,802 2,503 13,261 24,208 13,580 16,013 10,461 20,007 7,853 1,101 2,619 1,462 1,809 3,19s 7,511 9,H7 3,518 4,299 10,130 10,579 5,327 6,080 8,584 7,769 24,265 42 7,842 110 20,017 523 4,827 7,709 31,260 15,926 12,464 14,679 12,002 4,955 29,851 7,450 8,942 14,015 9,325 12,774 81,128 23,899 26,233 28,736 29,229 22 30o,113 70,770 99,580 43,377 47,443 114,715 47,765 36,634 47,450 47,577 - 43 24,642 14,324 39,009 - 68,601 1,609 68 70 30 25 9^ 25 l6 21 21 49 252,301 71,694 72,44o 52,6o4 18,938 99,728 34,091 13,577 37,620 31,235 43,893 4,780 180 1,330 1,558 1,131 2,897 , 1,577 1,095 1,602 420 1,971 15,664 2,6l4 7,061 3,271 2,665 8,295 3,811 2,018 3,972 1,876 4,810 4,620 229 1,134-^' 2,902 -3§6299 430 ~££rd/7 44l ^-3 36? 5,104*^5-4n, 310 1,626,689 376,682 506,a4- 202,29^ 219,464 675,325 194,289 125,922 207,346145,239 4i4,«e$ <et U.tm jTzA Vf/ " "7 96- L I A B I L I T I E S Total F.R,notes in actual c i r c u l a t i o n 1,372,211 Deposits: Member bank - reserve account 2,440,364 Government deposits 23,737 Foreign "bank 4,970 Other deposits 22,801 Total deposits 2,491,872 Deferred a v a i l a b i l i t y items 778,027 Capi t&l paid in 170,493 Surplus 276,936 A, 2-3^246All other l i a b i l i t i e s 5,lo4rf85 TOTAL LIABILITIES Reserve r a t i o (per cent) 80.9 Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 439,103 Federal reserve notes: Issued to F,R.bank by F.R.agent He] d Federal reserve bank In actual c i r c u l a t i o n Collateral held "by agent as s e c u r i t y f o r notes issued to 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 134,515 as,120 120,233 185,997 66,809 120,822 152,62% 63,014 51,105 67,377 34,550 157,045 151,675 1,006,614 142,035 201,903 63,822 59,476 2,817 3,190 2,607 664 3,437 2,203 388 1,452 509 524 220 189 166 11,763 503 1,374 79 206 155,046 1,023,019 145,654 204,465 67,558 62,074 88,126 233,787 66,629 69,43s 48,889 18,227 11,881 66,227 16,760 15,966 5,804 5,345 21,751 3 80,001 26,965 29,141 12,496,10,857 1,20 5,535 -9" 2,139 4 i l , 3 t & 1,626,689 376,682 506,2i4j 202,29s 219,464 82.4 I $°>*- 32,204 82.6 147,088 85.0 82.0 j/ 72.4 42,214 43,519 18,278 j,77.4 15,667 76,756 51,695 90,492 63,662 173,099 922 2,581 420 1,332 1,328 2,236 702 189 121 157 157 362 506 218 200 64 76 7,646 361,265 79,744 52,436 92,045 65,223 183,343 99,O4O 34,062 11,337 34,276 31,469 42,747 20,162 5,245 3,061 4,327 4,356 11,359 40,094 10,877 7,143 9,162 y8,935 19,514 840 1,347 l§9^" 706 -?S1 ~t 675,^^94,289 125,922 207,34^ 145,239 4i4,geq 85.5 I T 2 . 3 67.7 71.9 w 60.8 85.2 359,135 58,316 15,667 10,010 13,056 13,056 30,028 FEDERAL RESERVE NOTE STATEMENT 1,799,896 176,707 427,685 42,192 1,372,211 134,515 449,350 35,300 375,845 26,538 1,096,856 119,617 1,922,051 181,455 Total Bills, 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 RESOURCES AND LIABILITIES tiF THE FEDERAL 'RESERVE BANKS' OS OCTOBER 15, 1930 (in thousands of dollars) St. 6757c Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 210,439 185,492 273,442 22 220,471 85,900 146,543 179,349 76,702 56,506 78,304 41,391 222,873 34,474 19,091 25,721 26,725 13,688 5,401 10,927 6 , s 4 i 65,828 as,120 120,233 185,997 66,809 120,82.2 152,624 63,014 51,105 67,377 .34,550 157,045 376,095 139,055 157,975 18,822 277,010 39,900 15,550 5,000 7,100 8,345 11,845 14,300 35,000 28,626 100,100 175,000 60,000 105,200 174,000 47,600 35,200 70,000 11,750 169,763 100,036 l 4 , 4 i s 4 i , 4 o o 26,341 34,423 33,424 23,524 9,763 i s , 5 7 4 17,947 29,457 405,672 154,418 231,950 9l,34l 146,723 207,424 79,469 56,808 88,574 43,997 234,220 Within 15 days 137,051 96,922 MATURITY-DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to l6 to 30 days 31 to 60 days. 6l to 90 days 6,months 22,563 31,889 28,482 41,671 33,214 • 17,637 14,753 75,361 22 4,376 257 Over 6 months 330 164,867
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