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Released f o r p u b l i c a t i o n Friday morning, Sept. 26; not e a r l i e r . STATEMENT FOB THE HIESS St. 673I Federal Reserve Board September 25, 193O CONDITION OF FEDERAL RESERVE BANKS The d a i l y average volume of Federal reserve bank c r e d i t outstanding during the week ending September 24, as reported by the Federal reserve banks, was $999,000,000, a decrease of $9,000,000 compared with the preceding week and of $403,000,000 compared with the corresponding week of 1929. On September 24 t o t a l reserve baric c r e d i t amounted to $991,000,000, a decrease of $17,000,000 f o r the week. This decrease corresponds with decreases of $40,000,000 in member bank reserve balances, and $23,000,000 in money i n c i r c u l a t i o n , o f f s e t in p a r t by a decrease of $46,000,000 in Treasury currency. Holdings of discounted b i l l s increased $4,000,000 during the week, the p r i n c i p a l changes being i n c r e a s e s of $3,000,000 each at the Federal Reserve Banks of New York and Cleveland. The System's holdings of b i l l s bought in open market declined $11,000,000, of Treasury notes $3,000,000 and of Treasury b i l l s and c e r t i f i c a t e s $5,000,000. Changes in the amount of reserve bank c r e d i t outstanding and i n r e l a t e d items during the week and the year ending September 24, 193O, were a s follows: Increase or decrease since Sept. 24 Sept. 17 Sept. 25 1930 1930 1929 (in 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 reserve bank c r e d i t TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency a d j u s t e d 167 + 4 -11 — g - 2 - 66 + 450 - 26 991 -17 - 1 - 420 + 132 + 32 4,507 1,770 - 46 Money in c i r c u l a t i o n 4,436 Member bank reserve balances 2,4l6 Unexpended c a p i t a l funds,nonmember deposits, e t c . 4l6 -23 w. - 777 198 602 24 - 4o -1 - 307 + 52 Released f o r p u b l i c a t i o n Friday morning, September 26,1930; not e a r l i e r . S t . 6?3%a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED ( I n thousands of d o l l a r s ) Sept. 24.1930 Sept. 17.1930 Sept.25.1929 RESOURCES Gold with Federal reserve agents . . . Gold redemption fund with U.S. Treasury 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.notes Gold settlement 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 1,543,956 35>811 1,579*767 570,102 839,062 1,5^8,956 35,875 1,584,831 580,999 , 809»810 64,11* 1,593*459 T5^"»282 649,226 Total gold r e s e r v e s . . . Reserves other than gold . . . . . . . 2,988,931 151,857 2,975,640 151,828 2,997*567 l64,6o8 Total r e s e r v e s . . Non-reserve cash . . . . . . . . . . . B i l l s discounted: Secured "by U.S.Government o b l i g a t i o n s Other b i l l s discounted . 3,l40,788 69,277 3,127,468 66,471 3,162,175 73,617 48,l46 119,016 45,582 117,567 443,214 501,185 167,162 197,743 l63,l49 208,861 944,399 263,934 38,235 292,029 271,5^2 3 8,085 295,261 277,037 37,66o 87,050 27,349 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 6oi,8o6 6,772 610,383 7,022 152,059 15,075 Total b i l l s and s e c u r i t i e s . . Due from f o r e i g n banks Uncollected items . . . . F. R. notes of other banks . Bank premises All other resources . . . . . 973,483 701 549,479 21,871 59*^4 12,062 989*415 701 722,305 23,939 59*642 11,442 1,375,467 769 723,655 26,774 58,903 10,06l . 4,827,305 5,001,383 5,431,421 . . . 1,347,720 1,349,329 1,837,899 . . . 2,4l6,153 42,59** 5,2o3 19,534 2,483,544 533,029 170,563 276,936 15,513 2,456,282 3,706 5,774 19*784 2,485,546 704,476 169,872 276,936 15,224 2,364,434 55,285 7,234 19,207 2,446,160 689,263 167,028 254,398 36,673 4,827,305 5,001,383 5,431,421 Total b i l l s 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 . . . . TOTAL RESOURCES 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 - reserve account . Government . . . . . Foreign bank . . . . . Other deposits Total deposits Deferred a v a i l a b i l i t y items . . . Capital p a i d i n . . . . . . . . . Surplus A l l other 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 . . 82.0$ 81.6% 73*8$ 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 432,624 433,843 455,776 RESOURCES JfflD LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 24, 1930 ( I n thousands of d o l l a r s ) ...—....— u ® « e % e" E »i's <s« RESOURCES Gold redemption fund with U.S.Treaeory. 35,811 Total r e s e r v e s Non-reserve cash B i l l s discounted: Secured by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted Total b i l l s 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 m t i . «,d securities #5T O m MS0UBCE3 51 iZl2££ £i±2i f^J-2 3,140,788 i222,269 1,085,585 230,184 3 27,713 6,784 19,167 3,979 3,702 69,277 48,146 4,099 119,016 6,132 167,162 10,231 197,743 22,468 38,235 292,029 271,542 601,806 6,772 973,483 756 23,918 21,502 46,176 1,000 79.875 7,666 7,623 11,234 6,769 7,550 12,904 24,138 14,435 15,173 104 22,507 #,253 2,187 76,283 109,070 187,540 4,750 260,681 LU 95.535 * b 51 ' ° — 96,880 129,279 424,021 99,802 70,143 111,020 61,503 282,389 4,903 4,161 5,224 10,023 4,258 1,940 2,090 3,0^6 3,311 15,725 19,036 10,913 2,441 5,502 831 5,784 14,595 23,776 24,607 11,286 17,036 12,660 21,505 10,136 1,176 199 64o 237 26,979 35,069 8,322 7,859 4,848 7,^85 24,633 22,549 52,252 57,855 16,983 12,906 1,000 67,791 St "6.932 304 3,735 4,039 7,684 1,626 1,462 2,047 4,590 6,957 10,499 9,oo4 11,961 6,216 12,165 9,130 24, a s 7,842 43 42 4,573 523 20,017 25,080 32,307 16,155 12,660 15,108 12,289 9.098 13,886 8,710 13,586 7,221 28,954 81,278 23,899 25,9^3 28,736 29,229 39,009 22 50,173 h 4 , o 6 9 51.071 37.688 49,905 50.320 il :I il i i i i 'i n '11 "i 4,827,?05 372.200 1.531.817 355.212 "92,072 192.907 207,233 633.359 184.183 124.991 200.275 137.487 395.569 LIAB I I I RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BASKS G& SEPTEMBER 24, 1930 TIES Total I 1 .R.notes i n a c t u a l c i r c u l a t i o n 1,347,720 Deposits: 2,416,153 Member 'bank - r e s e r v e account 42,594 Government deposits 5.263 Foreign bank 19,534 Other deposits 2.483,544 Total d e p o s i t s Deferred a v a i l a b i l i t y items 533,029 170,563 Capital paid in 276,936 Surplus 15,513 All other l i a b i l i t i e s TOTAL LIABILITIES 4,827,305 82.0 Reserve r a t i o (per c e n t ) 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 Federal r e s e r v e n o t e s : Issued to F.R.bank by F.R.agent Held by ZTede^al r e s e r v e 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 h e l d 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 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 432,624 Boston 130,V49 ( i n thousands of d o l l a r s ) s t . 6731c CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran* 203,300 120,826 1 8 8 , 3 3 1 6 4 , 0 5 3 110,123 1 5 9 , 3 7 2 63,282 51,434 67,517 34,839 154,194 New York F h i l a . 144,721 1,026,324 140,955 198,522 63,038 60,5a 338,593 75,187 49,985 8 7 , 2 3 0 61,703 1 6 9 , 3 7 4 3,927 9,008 2,827 2,278 6,855 2,052 2,686 2,029 l , 4 o i 1,719 5,635 2,177 396 1,673 519 535 225 193 717 1 2 3 160 160 193 369 64 8,260 44 1,535 137 143 508 232 611. 151 30 7,757 149,108 1,045,265 1 4 4 , 3 4 5 202,870 70,255 62,909 3 4 2 , 5 0 4 7 7 , 6 4 1 51,662 8 9 , 7 8 0 67,528 179,677 59,025 1 3 1 , 4 8 8 4 5 , 8 0 4 5 4 , 5 3 6 3 9 , 5 1 2 15,871 69,077 25,758 1 0 , 8 4 s , 2 9 0 21,097 30,722 11,772 6 6 , 3 4 6 16,796 15,975 5,811 3,054 5,357 20,165 5 , 2 5 1 ,328 4,356 11,352 21,751 80,001 26,<365 29,141 12,496 10,857 40,09% 10,877 7,143 9,162 8, 935 1 9 , 5 1 4 <•76 1.219 95 5,417 2,116 2.147 780 84q 1,374 198 112 , H P . 3 7 2 , 2 0 0 1 , 5 3 1 , 8 1 7 355,212 492,072 192,907 207,233 633.359 184,183 124,991 200,275 137,487 395,569 79.5 86.9 86.8 83.8 72.1 74.7 84.5 70.8 68.0 70.6 60.I 84.6 1 32,105 l4l,515 42,083 4],384 18,222 15,618 58,135 15,618 9,979 13,015 13,015 29,935 FEDERAL RESERVE NOTE STATEMENT 1,768,803 170,064 421,083 39 ,615 336,904 143,544 226,267 84,006 133,819 188,669 1,347,720 130,449 203,300 120,826 188,331 4^,950 35,300 1,094,006 119,617 352,739 32,619 39,900 1 5 , 5 5 0 5,000 7,100 8,945 28,626 100,100 185,000 54,ooo 90,100 l84,ooo 44,ioo 59,470 13,905 36,420 29,539 37,151 32,625 27,049 365,106 155,905 236,970 88,539 134.351 216,625 80,094 1,896,695 187,536 Total 167,162 197,743 271,542 22 133,o04 105,051 19,953 23.696 29,297 78,874 15.592 56,784 79,524 5.350 12.007 41,520 228,828 6.681 74.614 64,053 110,123 159,372 63,282 51,434 67,517 34,839 154,194 277,010 Within 15 days 98,003 22,718 3 7 , 9 3 6 11,845 1 4 , 3 0 0 35,ooo 34,700 70,000 9,000 174,763 11.548 21,066 21,020 30,327 58,093 91,066 44,320 240,090 MATURITY DISTRIBUTION OF BILLS AHD SHORT TERM SECURITIES 91 days to l 6 to 30 days 31 to 60 days 6l to 90 days 6 months 20,581 30,206 14,496 3,686 48,705 4,0% 39,930 10 25,214 83,379 3,523 22 Over 6 months 190 159,426
@FedFRASER