The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
STATEMENT FOR THE PRESS s t . 6769 Federal Reserve Board October 30, 1930. Released f o r p u b l i c a t i o n Friday morning, Oct. 31? not e a r l i e r . CONDITION OF FEDERAL RESERVE BANKS The d a i l y average volume of Federal r e s e r v e bank c r e d i t outstanding during the week ending October 29, as r e p o r t e d by the Federal reserve banks, was $991,000,000, a decrease of $37,000,000 compared with the preceding week and of $497,000,000 compared with the corresponding week i n 1929. On October 29 t o t a l r e s e r v e bank c r e d i t amounted to $985,000,000, a decrease of $7,000,000 f o r the week. This decrease corresponds with a decrease of $24,000,000 i n money i n c i r c u l a t i o n and i n c r e a s e s of $10,000,000 i n monetary gold stock and $3,000,000 i n Treasury currency o f f s e t i n p a r t by an i n c r e a s e of $31,000,000 i n member bank r e s e r v e balances. Holdings of discounted b i l l s increased $10,000,000 during the week, the p r i n c i p a l changes b e i n g i n c r e a s e s of $7,000,000 a t the Federal Reserve Bank of New York and $3,000,000 each at Boston and Chicago., The System's holdings of b i l l s bought i n open market declined $11,000,000, of U. S. bonds $1,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $4,000,000, while holdings of Treasury notes increased $4,000,000. Changes i n the amount of r e s e r v e bank c r e d i t outstanding and i n r e l a t e d items during t h e week and the year ending October 29, 1930, were as f o l l o w s : Increase or decrease since Oct*29 Oct. 22 1930 1Q30 Oct. 30 lQ2q ( 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 202 166 6ol + 10 - 11 1 TOTAL RESERVE BANK CREDIT Monetary gold s t o c k Treasury currency a d j u s t e d 985 4,533 1,791 - 7 + 10 + 3 Money i n c i r c u l a t i o n Member bank r e s e r v e balances Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c 4,426 2,468 4l6 - 24 * 31 C. 1 7 - 4 789 174 + 308 - 4o 363 184 4 Released f o r p u b l i c a t i o n Friday morning, October 31.1930; not e a r l i e r . S t . 6769a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of d o l l a r s ) Oct. 29.1930 Oct. 22.1930 Oct. 30.1929 RESOURCES Gold with Federal r e s e r v e agents . . . . Gold redemption fund with U. S. TreasuryGold h e l d e x c l u s i v e l y a g a i n s t F.R.notes Gold s e t t l e m e n t fund 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 Total gold r e s e r v e s Reserves o t h e r than gold 1,590,116 34,755 1,624,871 504,365 907,957 3,037,193 154,581 1,571,706 * 34,771 *1,606,477 516,204 893.878 *3,016,559 *151,724' 1,543,841 65,939 1,609,780 791,887 619.284 3,020,951 156,057 Total r e s e r v e s . . . ITon-reserve cash B i l l s discounted: Sec. "by U. S. Government o b l i g a t i o n s . Other "bills discounted 3,191,774 71,364 3,168,283 70,690 3,177,008 85,276 71,572 130,031 70,259 121,725 532,388 458,650 Total "bills discounted . . . . B i l l s "bought in open market U. S. Government s o c u r ^ t i u s t Bonds Treasury n o t e s 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 . . . . . . . . . . . 201,603 165,65s 191,984 176,590 991.03S 339,885 38,195 287,827 275,416 601,438 6,322 Total "bills and s e c u r i t i e s Dae from f o r e i g n "banks' F. R. notes of o t h e r boaalts Bank premises A l l other r e s o u r c e s 975,021 701 526,697 17,091 59,632 13,90? 81,261 120,294 91,133 292,688 25,131 1,648,742 976,900 721 2,159 586,317 744,879 18,380 28,076 59,631 59.036 1.2,124'3.77 y 10,625 TOTAL RESOURCES 4,856,183 4,894^344,43f 5,754,363 1,354,881 1,368,512 1,880,192 2,468,280 26,674 5,014 19,443 2,519,411 517,004 170,444 276,936 17,507 2,437,095 27,581 5,321 19,423 2,489,420 573,784 170,4O6 276,936 2,651,608 18,967 5,709 20,187 2,696,471 714,209 167,025 _ 254,398 '7.^76 42,068 4,856,183 4,894,984 5,754,363 L I A B I L I . . TIES F. R. notes i n a c t u a l c i r c u l a t i o n . . . Deposi t s : Member "bank ^ r e s e r v e account . . . . Government Foreign "bank Other d e p o s i t s Total 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 LIABILITIES Ratio of t o t a l r e s e r v e s to d e p o s i t and F. R. note l i a b i l i t i e s combined . . Contingent l i a b i l i t y on b i l l s purchased f o r f o r e i g n correspondents 38,840 283,717 279.472 602,029 6,297 82.4$ 433,25f- 82.1$ 69.4# 437,289 500,833 *Revised f i g u r e s . RESOURCES AtTD LIABILITIES OF THE FEDERAL RESERVE BAtlKS OH OCTOBER 29, 1930 r ( I n thousands of d o l l a r s ) S t . 6709b Total Boston New York Fh.Ua. CI eve. Rich. A t l a n t a Chicago S t . L o u i s Minn. Kans.Cy. Dallas San Fran. RESOURCES ** 6 S S °fiala3t T 1,624,871 1$5,593 369,974 1*1,911 182,713 ffi.fii Tnta.1 r e s e r v e s S o n - r e s e r v e cash 3,191,774 226,971 1,177,159 216,958 307,43= 71,364 9.4l4 18,038 3,271 4,862 1 1 ^ " 0 1 1 Total b i l l s discounted B i l l s "bought i n open market TJ. 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 and "bills Total U.S. Oovt. s e c u r i t i e s Other s e c u r i t i e s Tnta.i M 1 I . and s e c u r i t i e s O v J w L L X «L u X v g iiirTOTAL RESOURCES 8 130:031 4 % 201,603 165,658 9*1^7 1^,3^3 » 66,248 111,860 170,189 S i 98,565 4,012 »47 13:753 15:^ 2 2 ^ 38,547 42,871 19,783 1,620 25,884 20,557 18,836 8,768 23,618 9,131 3 , uOil ii 22,4o6 2,187 78,615 106,538 64o 26,23 s 25,374 , 237 34,121 23,497 1,176 8,007 7,800 601,438 46,174 6,322 1,000 975.021 70,664 187,340 4,250 273,008 52,252 1,000 57,655 16,983 74,655 104,296 " 223 ,r 1 - 1 - • ' %:%4 95,061 137,282 4 o s , o 6 l 3,994 4 , 8 ) 3 10.393 ll:H3 7,^7 275,4l6 57,388 $ ^59 2287'827 8 ll'M : ^ ?:$% 1 % : : ^ 3 ° *?•% l:Z £:% R e B e r v S ^ S i i ^ s r ^ S r C S L ^ e f , S:"* 10 l : Z • 11 •1 • •1 • 44,587 " I j l *l\% 48,371 71,480 28,283 210,861 ^ ";j£ ";S> 6 s6a^ 7:710 72,026 107,892 1.976 1,907 *;<>% w i % s 58,217 286,146 3,562 5.082 17,293 22,419 16,370 6,914 3.3:5 4,148 4,788 I'.lt 12,054 7,295 8.535 9,449 6,065 1% 6,474 20,887 89 7,660 5,020 20,017 30,955 30,156 42 14,536 14,158 7,844 11,905 9,481 43 24,496 14,470 12,769 81,128 4,640 523 15,851 12,432 8,991 7,525 23,899 26,063 72 28,736 29,230 39,009 48,085 44,744 1 1 ' "' 45,518 120,840 " " " 47,183 x \ 35.071 \ v 6c.370 il "j i i i i i # 4 "i % >f I 4,856,183 370,128 1,631,975 345,581 478,235 190,516 209,303 611,155 179,704 122,891 195,582 127,591 393,522 RESOURCES MB LIABILITIES OF THE FEDERAL' RESERVE' BA1JXS Oil OCTOBER 29, 1930. ( I n thousands of d o l l a r s ) Total Boston New York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1,354,881 128,831 241,615 115,252 182,166 65,858 117,082 146,920 61,120 48,695 64,656 32,732 149,954 L I A B I L I T I E S F.R.notes 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 2,468,280 Government d e p o s i t s 26,674 Foreign bank 5,Ol4 Other deposits 19»443 Total d e p o s i t s 2,519,411 Deferred a v a i l a b i l i t y items 517,004 Capital paid i n 170,444 Surplus 276,936 i l l other l i a b i l i t i e s 17,507 TOTAL LIABILITIES 4,856,183 Reserve r a t i o (per c e n t ) 82.4 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 correspondents 433,529 Federal r e s e r v e n o t e s : Issued to F.R .bank by F.R.agent Held by Federal reserve bank In a c t u a l c i r c u l a t i o n C o l l a t e r a l held by agent as s e c u r i t y f o r notes i s s u e d 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 B i l l s discounted rills 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 145,835 1,088,348 l k ) , 436 194,432 62,653 56,606 339,289 73,312 51,3*46 86,44o 59,293 2,326 2,120 3,330 5,880 1,560 2,058 1,716 1,136 1,502 1,293 2.179 388 1,496 220 121 524 702 189 189 157 509 157 68 252 6,720 146 252 1,548 100 196 113 532 21 l48,S01 1,102,444 142,757 198,624 66,271 58,966 342,239 74,833 53,115 87,990 61,650 58,524 136,026 43,395 51,077 39,137 14,863 59,436 26,220 10,006 28,981 19,175 11,881 66,230 16,765 15,922 4,328 5,26l 3,o6l 5,774 5,356 20,159 4,357 80,001 a , 751 29,141 12,496 10,857 4O,094 10,877 7,143 3,935 34o 1,305 980 5,659 742 2,179 2,307 871 9 ' 4 6 5 1,393 379,128 1,631,975 345,581 478,235 190,516 209,303 611,155 179,704 122,891 195,582 127,591 81.8 83.4 87.6 84.1 80.7 71.9 78.0 72.5 70.7 70.7 61.7 *-%} 32,290 I4O,732 42,327 43,636 18,327 15,709 58,472 170,290 1,574 362 9,495 181,721 3o,l64 11,350 19,514 819 393,522 86.3 15,709 10,036 13,091 13,091 30,109 39,186 221,210 FEDERAL RESERVE NOTE STATEMENT 1,781,147 173,709 426,266 44,878 1,354,881 128,831 380,878 137,674 219,017 139,263 22,422 36,851 241,615 115,252 182,166 86,081 141,718 174,o4i 20,223 24,636 27,121 65,858 117,082 146,920 77,219 16,099 61,120 53,828 5,133 43,695 76,586 11,930 64,656 6,454 71,256 32,732 149,954 450,760 35,300 1,139,356 129,617 329,316 22,254 1,919,432 187,171 277,010 39,900 15,550 78,626 100,100 165,000 59,825 16,358 44,596 415,4Si 156,358 225,146 5,000 7,100 60,000 102,700 169,000 26,894 32,004 37,458 91,894 i 4 l , S o 4 206,45s 8,145 47,600 22,505 78,250 11,345 35,700 7,967 55,512 70,000 13,711 88,711 15,910 35,ooo 11,250 169,763 14,731 26,013 41,891 230,776 '.Total Within 15 days 201,603 128,309 48,200 165,658 275,416 72 MATURITY" DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to l o to 30 days 31 to 60 days 6l to 90 days 6 months 30,871 16,234 6,020 42,236 o 115 31,333 25,714 82,322 66,076 72 Over 6 months 6l0 101,304
@FedFRASER