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STATEMENT FOE THE PEESS Beleased f o r publication Friday morning, Sept. 12; not e a r l i e r . st. 6719 Federal Eeserve Board, September 11, 1930. COHDITIOM OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank c r e d i t outstanding during the week ending September 10, as reported by the Federal reserve banks, was $11029,000,000, an increase of $1,000,000 comparqd with the preceding week and a decrease of $406,000,000 compared with the corresponding week of 1929. On September 10 t o t a l reserve bank c r e d i t amounted to $1,008,000, t)00, a de^ye *33,000,000 f o r the week. This decrease corresponds with a decrease of ^>47,000,000 in money in c i r c u l a t i o n and increases of $3,000,000 i n monetary gold stock and $18,000,000 in Treasury currency, o f f s e t in p a r t by an increase of $35,000,000 i n member bank reserve balances. Cre Holdings of discounted b i l l s declined $48,000,000 during the week the p r i n c i p a l changes being a decrease of $37,000,000 a t the Federal Beserve Bank of Ilew York,$3,000,000 a t Boston and'$2,000,000 each a t Cleveland and Chicago. The System s holdings of b i l l s bought in open market increased $20,000,000, of Treasury notes $1,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $5,000,000, while holdings of United States bonds declined $6,000,000. 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 September 10, 1930, were as follows: Increase or decrease since Sept. 10 Sept. 3 Sept. 11 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 183 193 602 30 - 48 ,± 23 1,008 4,504 1,794 - 33 + 3 + 18 - 4o6 + i4o + 9 Money in c i r c u l a t i o n ' 4,465 Member bank reserve balances 2,428 Unexpended c a p i t a l funds,nonmember d e p o s i t s , e t c . 4 l ] - 47 + 35 + 1 - 325 + 6s TOTAL BESERVE BANK CBEDIT Monetary gold stock Treasury currency adjusted - - 7 + - 790 29 443 30 Released for publication Friday morning, September 12,1930; not e a r l i e r . St.6719a EESCUIO^S A'UB i:/311,1 "IBS 05* THE TWELVE 51D5E.XL RES-iELvE 34EES COMBIHED (In thousands of d o l l a r s ) 'Sept. 10.1950 Sept. 5.1950 Sept.11.1929 RESOURCES Gold with Federal reserve agents . . . . Gold redemption fund with U. S.Treasury C-old held exclusively against F.R.notes Gold settlement fund with F. R. 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 . 1,550,956 35,375 1,536,331 576,970 796,299 2,959,600 152,890 1,564,956 35>391 1,600,347 570,584 763,657 2,934,588 151,650 1,560,899 71,232 1,632,131 721,202 6lS,402 2,971,735 174,491 3,112,490 72,4l2 3,086,238 6l,683 3,146,226 66,989 57,368 125,827 76,510 154,750 491,986 4gQ,,94l 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 : 183,195 193,120 231,260 170,395 972,927 222,229 Treasury notes C e r t i f i c a t e s nad b i l l s 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 58,074 317,380 226,579 602,033 6,772 64,056 315,868 222,120 602,q44 8,572 42,665 100,697 15,655 159,017 16,100 Total b 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 985,120 y04 538,643 20 k)Q 59i642 16,957 1,012,271 704 566,693 18 550 59.609 16,752 1,370,273 726 713,383 27 902 52,868 10,665 4,806,377 4,822,280 5,395,032 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 1,351,250 1,367,619 1,864,148 2,428,290 21,176 6,528 20,639 2,393,357 34,059 6,498 20,082 2 360 265 ' 17)454 6,622 iq,638 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 2,476,633 516,391 169,830 276,936 15,337 2,453,996 535,919 l6q,7S6 27§,936 15,024 2,403,979 670,624 166/733 254,398 35,150 4,806,377 4,822,280 5,395,032 Total reserves . . . . Non-reserve cash B i l l s discounted: Secured "by U.S.Government obligations Other b i l l s discounted Bonds . . . TOTAL RESOURCES . . . . L I A B I L I T I E S TOTAL LIABILITIES . . . . 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 , . , 81.3$ go,8# 73»7$ Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 458,450 459,830 446,973 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON SEPTEMBER 10, 1930 d n thousands of d o l l a r s ) RESOURCES ta. With ^ e r a ! reserve agents 1 Gold, redemotion fund with U.S.Treasury Secured "by U.S.Govt, o b l i g a t i o n s :i:i=r r=::r' M j j *510 57,368 securities e=FAll other resources TOISL RESOURCES 6,5g —•—— 11,811 11.330 — 7,6l6 3 631 ^997 T 3.4,325 g 3.764 6,766 ^ 0 0 z-_1Q, - ' 9t) b 1 214,763 11,^6 5,233 is si :% -s ss :: ss sSss s s ts a as #i a as a a n % % &g % 1 s e ^ » e , Other s e c u r i t i e s ^ Wll. —! S t . g " U g * ~ st ^ w 6,77?: 1^000 985,120 80.230 . 9 « !t»7§0 270,114 1*000 71,389 *.** *.*> 91,596 1 4 7 ,4S3 55.106 113,6)0 —• 51,352 37,814 r 0 9 » : * ^ " ~~ H9.M ^ ri, ahh 52,06^6 , ^ | | ' 1 1 | : | | i if ' 1 : 1 1 1 1 1 "111 •LQ»v2f xxx ZJlz2 —— — — 1 ~ "" 4,806,377 372,769 1 , 4 7 7 , 6 8 1 355,482 4 ) 7 , 5 9 5 185,437 a 4 , 2 4 o 642,902 187,697 124,813 203,511 131.065 413,185 L I A B I L I T I E S RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 10, 1930 (In thousands of dollars) g%. 6719c Total Boston New York P h i l a . Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1,351,250 133,915 177,893 122,931 193,881 62,932 112,180 165,172 64,838 50,958 69,347 34,863 162,340 F.R.notes in actual c i r c u l a t i o n Deposits: Member bank - reserve account 2,428,290 146,589 1,005,362 143,089 203,477 63,403 60,934 Government 21,176 956 3,551 64§ 1,729 1,617 6,009 Foreign "bank 6,528 396 2,938 519 535 225 193 Other deposits 20,639 42 8,710 189 1,520 92 122 Total deposits 2,476,633 147,983 1,020,561 144,446 207,261 65,337 67,258 Deferred a v a i l a b i l i t y items 516,391 57,226 128,386 43,891 50,142 38,124 16,453 Capital paid in 169,830 11,806 65,580 16,785 15,957 5,797 5,357 Surplus 276,936 21,751 80,001 29,141 12,4§6 10,857 All other l i a b i l i t i e s 88 15,337 5,260 1,213 751 2,135 TOTAL LIABILITIES 4,806,377 372,769 1,477,681 355,482 497,595 185,437 a4,24o Reserve r a t i o (per cent) 81.3 85.1 79.9 85.O 84.7 70.0 72.7 Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents 458,450 33,963 150,488 44,519 45,896 19,276 16,522 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 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 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 rarrants 346,603 1,836 717 788 77,533 510 193 217 78,453 26,873 5,268 10,877 1,3 88 187,697 70.6 50,436 987 123 185 51,731 11,090 3,056 7,143 835 124,813 68.5 87,444 1,258 160 981 89,843 3Q,6i4 4,328 9,162 217 203,511 70.8 59,834 1,392 160 34 61,420 20,781 4,357 8,935 __ 709 131,065 54.8 192,396 27,452 11,359 19,514 124 413,185 86.9 61,501 16,523 10,556 13,769 13,769 31,668 349,944 65,359 20,180 40,094 2,153 642,902 84.3 183,586 682 369 7,759 FEDERAL RESERVE NOTE STATEMENT 1,736,973 171,166 385,723 37,251 1,351,250 133,915 298,063 145,020 225,232 82,101 136,774 192,175 80,178 120,170 22,089 31,351 19,169 24,594 27,003 15,340 177,893 122,931 193,881 62,932 112,180 165,172 64,838 55,732 81,480 4,774 12,133 50,958 69,347 449,950 35,300 1,101,006 119,617 366,095 32,975 277,010 28,626 75,491 381,127 11,845 14,300 35,000 33,700 70,000 9,000 179,763 11,742 20,600 .22,750 25,713 57,287 90,600 46,050 2^0,476 1,917,051 187,892 39,900 15,550 5,000 7,100 8,945 100,100 185,000 52,000 90,100 184,000 49,100 13,753 31,117 30,078 42,288 32,225 27,363 153,753 231,667 87,078 139,^88 216,225 85,408 42,461 226,591 7,598 64,251 34,863 162,340 MATURITY DISTRIBUTION OF BILIS AND SHORT TERM SECURITIES Total 183,195 193,120 226,579 22 WithinjL5 days ,775 . ,173 34,769 16 to 30 days 24,294 74,508 5 31 to 60 days 36,421 51,666 6l to 9 0 days 17,942 12,750 17,214 ^ Over 6 months 4,6l6 23 , 86,330 22 147 88,261
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