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Released, f o r publication Friday morning, .Sept. 5; not e a r l i e r STATEMENT FOR THE PRESS s t . 6710 Federal Reserve Board September 4, 1930 CONDITION OF FEDERAL RESERVE BAMS ' Ohe daily average volume of Federal reserve bank c r e d i t outstanding during tiie week ending September 3 as reported by the Federal reserve banks was $1,02S,000,000, an increase of $1+5,000,000 compared with the preceding week and a decrease of $385,000,000 compared with the corresponding week of 1929. On increase increase monetary decrease September 3 total reserve bank credit amounted to $1,0^1,000,000, an of $57,000,000 f o r the week. This increase corresponds with an of $65,000,000 in money in circulation and decreases of $3,000,000 in gold stock and $14,000,000 in Treasury currency, o f f s e t in p a r t by a of $26,000,000 in member bank reserve balances. Holdings of discounted b i l l s increased $38,000,000 during the week, the principal changes being increases of $32,000,000 at the Federal Beserve Bank of New York and $3,000,000 each at Atlanta and St. Louis, The System's holdings b i l l s bought in open market increased $7,000,000 and of Treasury notes $14,000,000, while holdings of United States bonds declined $12,000,000 and of Treasury c e r t i f i c a t e s and b i l l s $2,000,000. . Changes in the amount of reserve bank c r e d i t outstanding and in related items during the week and the year ending September 3, 1930, were as follows: Increase or decrease since Sept. 3 ^ug. 27 Sept. 4 -19 P 1930 jq 29 (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 credit TOTAL RESERVE BANK CREDIT Monetary gold stock Treasury currency adjusted 231 170 602 + + 38 7 37 + 12 i,o4i + 4,501 1,776 Money in circulation 4,513 Member bank reserve balances 2,393 Unexpended c a p i t a l funds,nonmember deposits,etc., 412 w. — - , + - + 57 3 14 65 26 l -S15 -13 +453 - 17 -391 +132 + 12 -316 + 73 + l Released for publication Friday morning, September 5,1$30; not e a r l i e r . St.6710a ^ RESOURCES A2TD LIABILITI3S OF THE T7JELVE FLDERAL BESES1/I! BASKS COMBINED (in thousands of dollars) Sept. 3,1930 Aug. 27,1930 Seot. 4,1929 RESOURCES Gold with Federal reserve agents . . . . Gold redemption fund with U. S. Treasury Gold held exclusively against F.R.notes Gold settlement fund with F. B. Board . Gold and gold c e r t i f i c a t e s held by banks Total gold reserves . . . . . Reserves other than gold . . . Total reserves . . . . Hon-reserve cash B i l l s discoxinted: Secured by U.S.Government obligations Other b i l l s discounted . Total b i l l s discounted . . . . B i l l s bought in open market . U. S. Government s e c u r i t i e s : Bonds Treasury notes Certificates and b i l l s Total U.S. Government securities Other securities Total b i l l s and securities . Dae from foreign banks Uncollected items . . F. B. notes of other banks . . . . . . Bank premises All other resources TOEAL RESOURCES 1,564,956 35,391 1,600,347 570,534 763,657 2,934,538 1,575,256 35,919 1,611,175 5oo,304 776,453 2,955,932 163,721 1,540,669 3,086,238 3,119,653 70,310 3,116,197 57,793 76,510 154,750 231,260 62,197 131,078 193,275 163,274 541,074 504,942 1,046,016 64,056 75.327 302,045 22V.)4l 602,o44 601,913 3,572 151,650 61,633 170,395 315,568 222,120 8,572 1,012,271 704 566,693 967,034 702 505,962 67,109 1,607,773 711,637 623,953 2,943,356 172,829 182,916 42,722 91,412 14,846 148,980 16,100 1,394,012 725 680,110 16,752 19,2)40 59,609 16,733 4,322*280 4,759,243 5,355,111 1,367,619 1,337,248 1,883,267 2,393,357 34,059 2,320,176 20,032 2,453,996 533,919 169,786 276,936 15,024 2,418,87$ 25,938 5,549 28,703 4,952 20,175 11*651 2,470,069 2,374,oo6 642,520 489,731 166,75% 169,765 276,936 254,393 15,444 34,157 4,822,250 -.759,243 5,355,111 13,330 59,609 36,770 53,351 10,643 L I A B I L I T I E S F. R. notes in actual circulation . . . Deposits: Member bank - reserve account . . . . Government Foreign bank Other dei>osits Total deposits Deferred a v a i l a b i l i t y items . . . . . . Capital paid in All other l i a b i l i t i e s TOTAL LIABILITIES . . . . 6,49s 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 . . , 80.8# 81.9# 73.2^ Contingent l i a b i l i t y on b i l l s purchased f o r foreign correspondents . 459,330 471,522 453,020 RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAHKS 017 SlPT^/iBilR 3, 1930 (In thousands of dollars) Total Boston Hew York Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Gold with Federal reserve agents . I,5b4,956 164,917 305,636 l4o,000 200,550 57,000 97,200 189,000 oO,045 44,545 70,000 Gold redemption fund with U.S.Treasury 35,391 824 14,539 2,164 1,789 1,279 2,115 1,298 1,697 856 1,512 Gold held exclusively against F. R. notes 1,600,347 165,74l 320,:Ti 1^2,164 202,339 58,279 99,315 190,298 61,742 45,4oi 71,512 Gold settlement fund with F. R. Board 570,584 22,64o 131,783 53,495 76,187 15,645 12,359 131,789 21,645 16,754 36,578 Gold and gold c e r t i f . held by hanks 7^3,^57 27,327 474,4o5 30,042 55,778 9,415 5.753 103,248 A.807 4,911 7.479 Total sold reserves 2,934,588 215,708 926,363 225,701 334,304 83,339 117,427 425,335 93,194 67,066 115,569 Reserves other than gold 151,650 12,571 37,299 8,336 7,368 8,913 13,466 22,542 12,134 4,569 5,107 RESOURCES Total reserves Non-reserve cash B i l l s discounted: Secured"by U.S.Govt, obligations Other h 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 Total U.S. Govt, s e c u r i t i e s Other s e c u r i t i e s Total b i l l s and s e c u r i t i e s Due from foreign banks Sac TOTAL RESOURCES 3,086,238 228,279 61,633 4,760 76,510 154,750 7,351 6,746 231,260 1^,097 170,395 17,981 64,056 2,563 315,868 21,806 222,120 21,808 602,o44 46,177 8,572 1,000 1,012,271 79,255 704 52 963,662 234,037 34l,672 16,210 3,905 3,880 30,112 33,463 8,670 7,823 63,575 16,493 104 49,377 13,334 111,310 63,102 2,282 25,604 24,366 52,252 8,155 "* 15,501 16,951 92,252 130,893 3,86l 4,955 447,877 105,328 4,230 10,455 3,943 926 — 21,643 32,l4i 8,819 10,187 2,295 2,042 752 33,371 8,253 8,043 22,190 6,688 3,905 57,856 16,933 12,700 187,746 6,550 1,000 307,248 69,84% 90,308 47,450 55,028 232 68 71 .30 25 St, 6710b Dallas San Fran< 21,300 2l4 76] I,i4% 6^171 22,447 220,934 15,247 36 462 10.009 25^83 47,703 282,879 6,197 I3,i4g 71,635 120,676 53,900 296,027 1,104 2,o4S 2,9o4 4.323 2,729 > 4l5 - — 1,658 • 2 372 * - 2 122 ' 15,762 16,927 13,294 8,925 4,082 7,4oo 8,703 l4,4o6 7,925 19,833 7,045 - —- 10,295 7,229 22,782 1,324 672 8,948 1,711 5,351 30,435 16,323 11,364 14,791 11,586 22,482 28,316 6,252 8,709 13,273 8,695 l4 , 8 l6 81,533 23,899 25,924 28,736 29,229 39,009 110,589 22 4g,75i 37,428 94 25 16 47,734 50,864 2L 2L 66 767 ' 49 i i 1 a -:g 1 1 1 : i t i l 1 1 5 ai 4,822,280 376,254 I,47O,O4O 362,44I 499,623 192,097 213,473 645,631 190,699 124,834 212,233 132,352 401,003 * RESOURCES AND LIABILITIES OF TRti FjdMAl RESERVE BAHKo Oj (in thousands of dollars) LIABILITIES l . M F.R,notes i n actual circulation Depociu&: Member bank - reserve account Government Foreign "bank 20,082 Other deposits Total deposits Deferred a v a i l a b i l i t y items Capital paid i n Surplus All other l i a b i l i t i e s 4,822!280 TOTAL LIABILITIES 80.8 Reserve r a t i o (per cent) Contingent l i a b i l i t y on h i l l s purchased f o r foreign correspondents *59»5-)° 3. 193C i 90 2,310 103 1,457 73 176 w 521_—— St. 6710c Dallas San Fran. 34,584 163,034 M 59,334 170,441 2,535 1,919 160 369 24 7,385 62,053 180,114 21,720 26,875 4,358 11,365 8,935 19.514 101 702 401,003 212,233 132,352 86.3 55.8 73.1 13,826 13,826 31,801 111 i l l ! I l l i l l 176,254 1,470,6k) 362,441 499,623 192,097 213,473 646,631 190,699 124,834 ' 80.1 81.5 36.1 85-5 70-2 73-3 86.1 72.2 69.9 150,580 44,705 46,088 19,357 16,592 61,758 16,592 10,600 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: . Issued to F.R.hank hy F.R.agent 1,73° ,552 17^,148 368.963 36,405 Held "by Federal reserve hank 1,367,619 135,743 In actual circulation Collateral held hy agent as security for notes issued to hanks 449,950 35,300 Gold and gold c e r t i f i c a t e s 1,115,006 129,617 Gold fund ~ F. R. Board 381,935 31,999 Eligible paper 1,946,891 196,916 Total collateral B i l l s discounted B i l l s bought i n open market Certificates and h i l l s Municipal warrants 41,459 228,566 112[530 %:865 17:396 ^4:%4 ^26:06^ n j 6 6 ^4^3 lQjO.L 6.875 65.532 185,154 126,022 190,522 63,940 113,611 168,365 60,078 50,757 09,809 34,584 163,034 14,300 35,000 8,945 11,845 5,ooo 7,ioo 179,763 70,000 7,000 28,626 100,100 185,000 52,000 90,100 189,000 5 i , i o o 32,700 18.928 21 tf>82 27,636 11,258 96,680 14,725 31,928 30.4l4 42,221 28.880 25,684 402,316 154,725 232,47s 87,414 139,4a 217,880 85,729 55,803 88,928 42,882 242,399 277,010 39,900 15,550 Total Within 15 days 144,447 231,260 62,775 170,395 34,201 222,120 22 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to 6l to 90 days 31 to 60 days 6 months l6 to 30 days 4,914 24,638 33,511 23,612 120 3,135 50,948 53,417 86,831 17,214 566 22 Over 6 months 138 83,308
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