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T STATSaQNT FOE THE PRESS Released f o r publication Friday morning, Oct. y, not e a r l i e r st. 67U1 Federal Reserve Board October 2, 1930 CONDI TIOH OF FEDERAL RESERVE BAMS The daily average volume of Federal reserve tank c r e d i t outstanding during the week ending October 1, as reported Ty the Federal reserve banks, was $1,012,000,000, an increase of $13,000,000 compared with the preceding week and a decrease of $431,000,000 compared with the corresponding week in 192.9. On October 1, t o t a l reserve bank c r e d i t amounted to $1,010,000,000, an increase of $19,000,000 f o r the week. This increase corresponds with an increase of $58,000,000 in money in c i r c u l a t i o n , o f f s e t in p a r t by a decline of $22,000,000 in member bank reserve balances and increases of $6,000,000 in monetary gold stock and $12,000,000 in Treasury currency, Holdings of discounted b i l l s increased $19,000,000 during the week the principal changes being increases of $5,000,000 each at the Federal Reserve Banks of Cleveland and Chicago and $2,000,000 each at Boston, New York, Philadelphia, Atlanta and St. Louis. The System's holdings of b i l l s bought in open market declined $5,000,000 and of Treasury notes and Treasury c e r t i f i c a t e s and b i l l s $1,000,000 cach. Changes in the amount of reserve tank 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 1, 1930, were as follows; Increase or decrease since Oct. 1 Sept. 24 Oct. 2 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 186 193 601 30 + 19 - 5 + 6 - 1 ^55 - 745 - 130 + 51 TOTAL RESERVE BAITK CREDIT Monetary gold stock Treasury currency a d j u s t e d 1,010 4,513 1,782 12 + 32 Monev 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 deposits, etc. 4,494 2,39^ *4l6 22 58 - 294 5 w. 19 6 - 4yo + 139 1 Released for publication Friday morning, October 3,1930; not e a r l i e r . St. 6y4la S RESOURCES A2TD LIABILITIES OF THE TELVB INDERAL BESMtVE BANKS COMB HOD (In thousands of dollars) Oct. 1.1930 Sept. 24.1930 Oct. 2. 192q Gold with Federal reserve agents . . . . Gold redemption fund vzi tli U. S. Treasury 1,558,456 34,904 1,543,956 35,511 1,541,345 67,146 Gold held exclusively a g a i n s t F.E.notes Gold settlement fund n i t h F. H. Board . Gold and gold c e r t i f i c a t e s held by "banks Total gold reserves . . . . . Reserves other than gold Total reserves . . . Non-reserve cash B i l l s discounted: Secured by U.S.Government obligations Other b i l l s discounted Total b i l l s discounted . . . . B i l l s bought in 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 1,593,360 545,660 837,749 2,976,769 1,608,491 3,128,388 1,579,767 570,102 839.062 2,988,931 151,857 3,l4o,788 158,018 3,i4o,8io 66,469 69,277 66,019 48,146 432,115 498,518 930,633 322,818 RESOURCES 151,619 63,555 122,361 185,916 119,016 167,162 193,108 197,743 38,306 291,429 271,442 145,752 6,772 15,025 973,483 701 549,479 21,871 59,644 12,062 1,414,228 801 791,632 24,688 58,935 9,814 4,878,977 4,827,305 5,506,927 1,376,351 1,347,720 1,851,167 2,394,316 37,372 2,416,153 2,398,926 44,600 18,746 20,553 2,470,709 583,251 170,647 276,936 15,107 19,534 2,483,544 533,029 170,563 276,936 15,513 4,878,977 4,827,305 5,506,927 601,177 6,772 Total b i l l s and s e c u r i t i e s . . . Due from foreign banks 986,973 701 TOTAL RESOURCES 37,648 79,080 29,024 292,029 271,542 601,806 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 Bank premises All other resources . . 38,235 754,211 620,090 2,982,792 606,052 18,704 59,644 12,O4S 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 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 6,251 2,456,685 42,594 5,263 6,625 726,600 166,907 254,39s 37,146 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 . . . 81.65b 82.0# 72.7# Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 431,411 432,624 453,908 RESOURCES MB LIABILITIES OP THE FEDERAL RESERVE BAMS Oil OCTOBER 1 , 1930 st ( I n thousands of d o l l a r s ) * °74l"b B o s t o n New York P h i l a . Cleve. 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 Fran. - * * ^ ^ ^"I:Sg«•% ^ s ^ m s m S5» i n 11 w a w a a« IsSHrur—.§•«? a is a -,s a.w, a.si as is ,8 a , m .r.'r=r ss ss ss *'S «s ss ss ss « « *s ts i R E S O U R C E S Total Hon-reserve cash » « Other s e c u r i t i e s T o t a l b i l l s 3nd s e c u r i t i e s ~~ — lilfr^ TOTAL RESOURCES uu,~tv? i ,-m i %j a.1,7 «..» « . « » 6.772 9936,973 86,973 7m 701 S 0 6 . M2 606,052 1.000 880,428 0,428 cp 52 4*150 2266,035 66,035 p-z-1 231 > j 1,000 70,270 £g 56,661 51.-55 tf.SO = 98,631 70 = 1)5,955 30 43,681 *.W •>•!" = = 51,882 117,502 25 94 15,279 72,608 K.BS *.>* 22 52,162 i; ; 25 37,773 lb 11.302 » • « »••*> » • " . 47,770 21 3 2,345 . ~ T 48,403 a. 20,479 ~ ^ 70,1 45 30,369 Is °4 II % s i S i -s *8 *1 >•! 69.810 69,810 245 18,704 3,580 59,644 12,046 85 166,977 166,977 6,467 15,664 4,377 61,704 *,837 4,878,977 383,297 1,559,109 360,984 490,535 197,536 222,318 624,482 184,317 124,109 199,996 130,828 401,466 g L I A B I L I T I E S . RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BABES CUT OCTOBER 1, 1930 (In thousands of dollars) St. 6741 Total Boston New York Phi l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, 1, 376,351 132,703 217,536 120,997" 185,464 64,835 127,850 155,900 63,249 51,137 66,694 34,901 155,085 F.R.notes in actual c i r c u l a t i o n Deposits: Member tank - reserve account 2, 394,316 Government deposits 37.372 Foreign bank 6,251 Other deposits _ 18,746 Total deposits 2, 456,685 Deferred a v a i l a b i l i t y items 533,251 Capital paid in 170,647 Surplus 276,936 All other l i a b i l i t i e s _ 15,107 TOTAL LIABILITIES 4, 878,977 Reserve r a t i o (per cent) 81.6 Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 431,411 Federal reserve notes: Issued to F.R.bank by F.R.agent Held by Federal reserve bank In actual c i r c u l a t i o n Collateral held by agent as sec u r i t y for notes issued to bank: Gold .and gold c e r t i f i c a t e s C-old fund - F. R. Board 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 in open market C e r t i f i c a t e s and b i l l s Municipal warrants 146,279 1,008,715 11,401 2,305 388 2,734 4i 7,257 149,013 1,030,107 67,864 159,747 11,881 66,346 21,751 80,001 81 5,372 383,297 1,559,109 86.6 78.8 31,941 141,784 142,909 193,813 >4,791 58,783 1,930 2,571 6,352 l , s 4 i 50s 524 220 189 164 1,735 88 137 145,511 198,643, 71,451 60,950 50,278 60,162 42,198 15,176 16,796 15,951 5,812 5,357 26,965 2 9 , l 4 l 12,496 10,857 744 2,128 437 1,174 360,984 490,535 197,536 222,318 85.0 82.3 72.7 76.2 41,868 43,163 18,129 15,539 333,243 3,loo 702 75,322 1,392 189 534 233 337,579 77,136 68,668 26,461 20,165 5,244 40,094 10,877 2,076 1,350 624,482 184,317 83.7 70.2 57,839 15,539 49,504 87,745 1,282 1,516 121 234 51,375 10,558 3,053 7,143 843 124,109 6S.9 9,928 59,359 1,468 157 157 29 379 89,543 61,013 30,095 20,93.7 4,328 4,356 9,162 8,935 174 686 199,996 130,828 72.0 58.9 12,949 12,949 173, 853 „ 2,234 362 7,915 184,364 31,107 11,358 19,514 38 401,466 85.2 29,733 FEDERAL RESERVE NOTE STATEMENT i,775,64o 169,905 399,289 37,202 1,376,351 132,703 449,950, 35,300 1,108,506 119,617 359,515 33,172 1,917,971 188,089 339,666 141,336 223,956 82,713 156,597 182,351 73,113 56,935 78,360 41,680 224,028 122,130 20,339 38,492 17,878 28,747 26,451 14,864 5,793 11,666 6,779 65,943 217,536 120,997 185,464 6 4,835 127,850 155,900 63,249 * 51,137 66,694 34,901 155,085 277,010 39,900 15.550 5,000 7,100" 8,945 11,845 28,626 100,100 185,000 56,000 110,600 179,000 44,100 34,700 70,000 60,737 15,563 39,031 28,918 38,955 35,370 28,047 11,004 18,926 366,373 155,568 239,581 89,918 156,655 214,370 81,092 57,549 88,926 Total Within 15 days 185,916 113,830 193,108 106,442 271,442 22 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 18,172 32,611 17,484 3,602 39,384 42,989 4,172 121 25,214 33,320 22 14,300 35,000 11,000 169,763 18,792 30,995 44,092 235,75s Over 6 months 217 162,908
@FedFRASER