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STATEMENT FOR THE PRESS Released f o r p u b l i c a t i o n Friday morning, Sept. 6; not e a r l i e r . st. 6309 Federal Reserve Board, September 5, I929, SFSFMses. sSSSSiiiF reser:i::^:%:;z%:::e=%;L:a:^ CONDITION OF FEDERAL RESERVE BASKS 2 % % onn S.U » increased $55.900,000' and member tank r e s e r v e d e p o s i t s I n c r e a s e or decrease since Sept. 4,iq2Q Aug. 2g.iq2q Sept. 5. 1Q28 (In thousands of d o l l a r s ) Total r e s e r v e s . Gold r e s e r v e s 3,116,197 - Total "bills and s e c u r i t i e s 1,394,012 + 102,450 - i,o46,oi6 541,074 504,942 + 72,389 + 71,678 + 711 34,101 110,958 + 76,857 182,916 4" 26,402 - U. S. Government s e c u r i t i e s , t o t a l Bonds Treasury n o t e s C e r t i f i c a t e s of indebtedness • . 148,980 42,722 91,412 14,846 + + + + Federal r e s e r v e n o t e s i n c i r c u l a t i o n 1,883,267 + 53,895 + 182,232 Total d e p o s i t s . Members' r e s e r v e d e p o s i t s Government d e p o s i t s . 2,320,176 2,374,006 + 26,498 -f 14,578 + 11,303 + + + 2,943,368 B i l l s discounted, t o t a l Secured "by U.S.Govt, o b l i g a t i o n s Other b i l l s discounted . . . . . B i l l s bought i n open market . . . 28,703 + 368,900 + 334,219 32,841 18,731 3 ' t 3J7I 80,276 3,880 57,405 + 11,161 4,^86 50,630 68,429 46,833 19,757 Released f o r p u b l i c a t i o n Friday morning, September 6 , 1929;not e a r l i e r . St.6309a RESOURCES MD LIABILITIES OF THE TWELVE FEDERAL RESERVE BASKS COMBINED ( I n thousands of d o l l a r s ) Sept. 4.1929 Aug. 28.1929 Sept. 5.1928 RESOURCES 1,540,669 67,109 1,607,773 711,637 623,953 2,943,36s 172,829 3,116,197 57,793 1,565,163 67,213 1,632,376 719,608 610,115 2,962,099 186,939 3,l49,03S 63,248 1,082,429 66,351 1,148,780 751,338 709,031 2,609,149 138,148 2,747,297 52,296 541,074 504,942 1,046,016 182,916 469,396 504,231 973,627 156,514 652,032 428,085 1,080,117 186,796 42,722 91,412 14,846 148,980 16,100 1,394,012 725 716,880 58,861 10,643 5,355,111 42,67S 91.073 11,570 145.321 16,100 1,291,562 724 648,495 58,860 10,569 5,222,496 53,883 87,026 65,476 206,385 990 1,474,288 • 571 681,587 60,255 8,981 5,025,275 . . . . 1,883,267 1,829,372 1,701,035 . . . . . . . . 2,320,176 28,703 4,952 20,175 2,305,598 17,400 5,130 19,380 2,273,343 8,946 6,347 16,941 2,374,006 642,529 166,754 254,398 34,157 2,347,50S 591,537 166,740 254,: 32, 2,305,577 5,355,111 5,222,496 5,025,275 Gold wi.tli Federal r e s e r v e a g e n t s . . . Gold redemption f u n d \7ith 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 s e t t l e m e n t fund with F.R. Board . . Gold an* 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 other than gold Total r e s e r v e s . . . . . Non-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 b i l l s d i s c o u n t e d . 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 n o t e s C e r t i f i c a t e s of i n d e b t e d n e s s . . . . T o t a l U.S.Government 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 f o r e i g n banks . . . . . . . . . Uncollected i t e m s Bank premises • • A l l other r e s o u r c e s TOTAL RESOURCES L I A B I L I T I E S F. R. n o t e s 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 . Government . . Foreign bank Other d e p o s i t s . . . . Total de-posits 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 . . » 233,319 25,163 Ratio of t o t a l r e s e r v e s t o d e p o s i t and F. R. n o t e l i a b i l i t i e s combined . . . . 73«2$ 75*4^ 68.6/6 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 . 453,020 447,977 279,04$ C. RESOURCES A1TD LIABILITIES OF THE FEDERAL RESERVE BMKS CM SEPTEMBER 4, I929 (In thousands of d o l l a r s ) Total Boston Hew York P h i l a . Cleve. Rich. A t l a n t a Chicago St.Louis Minn. Kans.Cy. Gold with Federal Reserve Agents 1,540,669 149,917 261,296 124.600 l4g,400 46,656 104,500 329,564 20,800 54,167 71,248 Gold redemption fund with U.S.Treas. 67,10% 8,696 18,162 4,4l2 3,753 3,12$ 7,269 7,4l? 2,623 2,176 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. n o t e s 1,607,778 158,613 279,458 129,012 153,153 49,781 108,778 336,833 28,211 56,790 73,424 Gold s e t t l e m e n t fund with F.R.Board 711,637 50,874 164,433 35,482 106,982 29,299 18,719 l 4 0 , 1 0 1 30,9^0 18,156 47,299 Gold and gold c e r t i f • h e l d "by banks 623>953 3#2,3l4 29,7^4 3^,4^1 7,15& 3>0^5 77,879 7,&7^ k,~I22 Total gold r e s e r v e s 2,943,368 236,561 832,205 194,278 294,576 86,236 130,562 554,813 66,825 80,620 125,451 Reserves other than gold 172,829 15,596 66,285 8,569 9,180 6,509 8,858 23,796 9,010 1,932 4,294 RESOURCES Total r e s e r v e s Hon-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 t i l l s discounted Total "bills 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 n o t e s C e r t i f i c a t e s of indebtedness Total U.S.Govt, s e c u r i t i e s Other s o 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 Dae from f o r e i g n banks Uncollected items Bank premises A l l other r e s o u r c e s TOTAL RESOURCES 3,116,197 57,793 252,157 8,925 898,490 541,074 504,942 1,046,016 213,665 89,601 303,266 58,332 38,l4o 96,472 9,546 42,312 33,103 132,916 37,946 40,877 78,823 20,973 42,722 1,719 202,847 303,756 16,015 l,3l4 2,928 92,922 75,415 6,709 92,74-5 139,420 4,o4l 6,578 1,025 1,598 2,288 3,275 23,383 51,831 75,214 104 l4,&99 15,%4l 30,I4O 1,736 18,953 24,909 43,862 lo,082 32,813 48,895 5,34l 32,184 32,999 65,183 17,819 5,111 839 465 2,813 3,223 24 1,364 12,055 9,358 3,750 1,304 6,060 13,419 14,932 61,445 76,377 3,179 48,778 42,409 91,137 13,665 4,009 24,091 1,692 1,055 6,290 9,448 7,038 2,036 27,640 1 1,152 657 342 3,036 21,645 4,555 148,980 4,866 34,390 18,178 29,677 1,809 3,379 26,540 1,394,012 104,662 725 716,880 58,s6l 10,643 54 68,785 3,702 175 442,628 300 70 55,221 969 362 5,355,111 438,46o 1,580,310 - ; 4,150 97 2.966 124,496 111,801 65,947 87,935 131,392 75,318 44,984 48,132 60,296 96,421 220 205,901 16,087 24,720 44,632 $ f 066 29,098 58,578 282,663 4,918 13,882 3,497 2,092 12,050 24,792 208,933 6,309 91,412 14,846 16,100 Dallas San Fran. 21,758 206,763 3,034 2,170 578,609 75,835 82,552 129,745 63,496 296,545 19,808 41,374 61,182 2,956 1 S t . 6309b 74 65,498 6,535 1,286 33 52,911 3,395 571 386,072 491,878 219,643 1,762 28 22,059 2,7% 4,470 99 89,445 29 34,46l 8,529 3,989 788 293 I& 24 l 4 , 6 3 l 44,817 2,110 4 , l 4 o 663 177 263,234 815,171 193-.422 145,983 24 27,342 1,922 441 52 35,809 3,946 228,633 155,809 436,496 L I A B I L I T I E S RESOURCES AND LIABILITIES OF THE FEDERAL .RESERVE BANKS uH SBP'IEMBSR-^, 1929 st. 6309c ( i n thousands of d o l l a r s ) Total Boston Hew York P h i l a . CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 1,883,26? 194,082 325,463 153,936 192,402 80,602 159,322 331,529 64,761 68,260 79,572 49,498 183,84O F.R.notes i n a c t u a l c i r c u l a t i o n Deposits: 2,320,176 142,638 Member t a n k - reserve account 28,703 1,280 Government 4,952 381 , Foreign t a n k 20,175 74 Other deposits Total de-posits 2,374,006 144,373 642,529 67,283 Deferred a v a i l a b i l i t y items 166,754 10,716 Capital paid in 254,393 19,619 Surplus 34,157 2,387 A l l other l i a b i l i t i e s 5,355,111 438,460 TOTAL LIABILITIES 73.2 Reserve r a t i o (per cent) 74.5 Contingent l i a b i l i t y on "bills p u r 453,020 33,523 chased f o r f o r e i g n correspondents F.R.notes on hand (notes r e c ' d from F.R.Agent l e s s n o t e s in c i r c u l a t i o n ) 4 7 3 , 3 2 2 52,671 tf F.R.notes r e c ' d from Comptroller F.R.notes h e l d by F. R. Agent F.R.notes issued to F.R.Bank C o l l a t e r a l h e l d as s e c u r i t y f o r F.R.notes issued to F.R.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 137,26s 133,376 186,450 4,493 2,854 4Q5 526 47 1,311 138,411 191,141 50,931 63,457 16,452 15,489 24,101 26,345 2,24i 3,044 386,072 491,878 69.4 79-2 43,490 66,668 864 237 76 67,845 50,916 6,176 12,399 1,705 219,643 62.5 60,537 337,159 76,314 3,875 2^272 1,265 706 206 201 124 1,183 215 64,737 341,330 78,000 20,633 80,623 32,893 5,454 19,897 5,223 10,554 36,442 10,820 2,534 5,360 1,725 263,234 815,171 193,422 62.2 86.0 S6.0 53.1 52,097 94,512 63,514 176,855 1,186 6o4 1,647 2,453 129 170 170 371 279 552 26 g,do5 53,691 95,838 65,357 187,684 12,699 38,824 26,787 34,i4I 3,065 4,264 4,496 11,36s 7,082 9,086 8,690 17,972 1,186 1,049 98I 1,485 145,953 228,633 155,809 436,496 67.7 74.0 55.3 79.8 46,208 20,839 17,668 62,063 18,121 11,325 14,949 14,949 32,617 180,066 38,032 19,355 15,683 26,552 34,642 13,710 6,143 10,567 9,792 66,109 FEDERAL RESERVE NOTE ACCOUNTS OF FEDERAL RESERVE AGENTS z 3,783,67s 336,718 945,929 273,317 291,727 177,209 302,944 593,651 119,341 146,932 136,549 74,312 385tW9 1,4277*891% 89,965 44o,4oq 81,349 79,970 80,924 117,070 227,480 40,870 72,529 46,4io 15,02213^00^ 2,356,589 246,753 505,529 191,968 211,757 96,285 185,874 366,171 78,471 74,403 90,139 59,290 249,949 406,886 1,133,784 1,144,105 2,684,774 Total 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 of indebtedness lltpiicipal warrants C 930,056 5,910 1,360 8,283 945,609 163,342 64,154 71,282 lo,46o 1,580,310 70.7 1,046,016 182,916 14,846 300 35,300 114,617 98,883 248,800 207,670 53,626 353,801 615,097 Tithin 15 days 799,892 110,010 14,444 .,29,600 34,400 95,000 115,000 76,230 80,759 200,830 230,159 16,190 9,500 7,800 30,466 95,000 329,564 13,000 58,421 84,034 103,074 75,175 105,077 188,534 432,63s 95,975 14,167 17,258 35,000 4o,ooo 71,24s 4,500 171,763 31,518 %,359 53,803 82,04s 85,685 117,607 75,561 288,811 MATURITY DISTRIBUTION OF BILLS, CERTIFICATES OF HDE3TE5ZESS AND MUNICIPAL WARRANTS 91 days to l 6 to 30 days 31 to So days 6l to 90 days Over 6 months 6 months 62,999 22,490 24 110,573 28,4s4 300 66,910 19,44s 5,556 2,484 229 86 149
@FedFRASER