STATEMENT FOR.THE PRESS Released f o r publ ica t ion St. 6477 Friday morning, Feb. 7; Federal Reserve Board

not e a r l i e r . February 6, 1930.

CONDITI01T OF FEDERAL RESERVE BAMS

The consol idated statement of condition of the Federal reserve banks on February 5, made publ ic by the Federal Reserve Board, shows a decrease fo r the week of $25,500,000 in holdings of discounted b i l l s and increases of $37,300,000 in holdings of b i l l s bought in open market and $1,300,000 in . United Sta tes s e c u r i t i e s . Member bank reserve depos i t s increased $30,900,000, while Government deposi ts declined $9,500,000, Federal reserve note c i r cu la -t ion $18,400,000 and cash reserves $11,900,000. Total b i l l s and s e c u r i t i e s were $12,900,000 above the amount reported a jreek ago.

The p r inc ipa l changes in holdings of discounted b i l l s Sere decreases of $10,400,000 a t the Federal Reserve Bank of Hew York, $3,700,000 &t Boston, $3,500,000 a t Cleveland and $3,200*000 a t Richmond. The System^e holdings of b i l l s bought in open market increased $37,300,000, of Treasury notes $1,000,000, of Treasury c e r t i f i c a t e s and b i l l s $200,000 and of United States bonds $100,000.

Federal reserve note c i r cu la t ion declined $15,500,000 during the week at the Federal Reserve Bank of New York, $5,100,000 a t Cleveland and $1,500,000 each a t Boston and Phi ladelphia , and increased $3,600,000 a t Atlanta and $1,700,000 a t Chicago.

A summary of the p r inc ipa l a s se t s and l i a b i l i t i e s of the reserve banks, together with changes during the week and the year ending February 5, 1930, fol lows:

Increase or decrease since

Feb. 5. 1930 Jan. 29.1930 Feb. 6.1929

(In thousands of do l la rs )

Total reserves 3,176,435 — 11,921 + 345,830 Gold reserves 2,976,563 - 8,649 + 312,643

Total b i l l s and s e c u r i t i e s 1,167,237 + 12,858 - 304,290

B i l l s discounted, t o t a l . . . . . 381,422 25,519 470,199 Secured by U.S.Govt, obl iga t ions 197.922 - 22,384 — 341,534 Other b i l l s discounted . . . . . • 183,4g4 - 3,135 - 128,665

B i l l s bought in open market . . . 295,791 + 37,319 - 114,951

U. S. Government s e c u r i t i e s , t o t a l 477 844 + 1,308 + 277,755 Bonds . . . . . . . . . . . . . 69,679 + 109 4- 18,064 Treasury notes . . . . . . . . . 171,226 4- 974 + 73,357 C e r t i f i c a t e s and b i l l s . . . . . 236,939 + 225 + 186,334

Federal reserve notes in c i r cu l a t i on 1,683,481 - 18,420 + 37,173

Total deposits . . . . 2,389,301 + 20,288 48,839 Members' reserve depos i t s . . . . 2,338,854 + 30,906 — 47,430 Government depos i t s , 25,552 - 9,523 + 1,510

C

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Released, f o r publication, Friday morning, February 7,1930; not e a r l i e r . St . 6477, a

RESOURCES AHD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED

( in thousands of do l l a r s )

Feb. 5.1950 Jan. 29.1950 Feb. 6.1929 R E S O U R C E S

Gold with Federal reserve agents . . . . Gold redemption fund with U.S. Treasury.

Gold held exclusively against F.R.notes Gold sett lement 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 .

Total reserves Non-reserve cash B i l l s discounted:

Sec. by U.S. Government obl igat ions . 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 . . C e r t i f i c a t e s and 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 . .

Total b i l l s and s e c u r i t i e s . . Due from foreign banks . . . Uncollected items » . Bank premises . . . . All other resources .

TOTAL RESOURCES . . . . .

L I A B I L I T I E S

F. R. notes in ac tua l c i r cu l a t i on . . . Deposits:

Member bank - reserve account . . . . Government . . . . . Foreign bank Other deposi ts . .

Total deposi ts 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 reserves to deposit 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 fo r fo re ign correspondents . . . . .

1,646,264 1,654,164 1,192,665 58,258 58,258 64,362

1,704,522 1,712,422 1,257,027 661,780 645,447 747,771 610,2ol 627,343 659,122

2,976,563 2,985,212 2,663,920 199,872 203,144 166,685

3,176,435 3,188,356 2,830,605 69,144 74,988 86,458

197,928 220,312 539,462 183,494 186,629 312,159 381,422 4O6,94I 851,621 295,791 252,472 4io,742

69,679 69,570 51,615 171,226 170,252 97,869 236,939 236,714 50,605 477,844 476,536 200,089 12,ISO 12,430 9,075

1,167,237 1,154,379 1,471,527 722 721 731

594,47S 573,020 646,528 58,267 52,260 58,622 13,479 12,810 7,674

5,079,762 5,062,534 5,102,145

1,683,481 1,701,901 1,646,308

2,338,854 2,307,948 2,386,284 25,552 35,075 24,042 5,669 5,718 5,876 19,226 20,272 21,938

2,389,301 2,369,013 2,43S,I4O 542,446 527,238 596,735 171,547 171,416 149,565 276,936 276,936 254,398 16,051 16,030 16,999

5,079,762 5,062,534 5,102,145

78.0$ 78.3# 69.3#

526,924 535,229 306,111

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RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BANKS ON FEBRUARY 5, 1930 St , 6477b R E S O U R C E S ( in thousands of do l l a r s )

Total Boston New York Phi l a . Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran* Gold with Federal Reserve Agents 1,646,264 189,917 232,594 120,000 138,750 71,401 113,350 309,564 77,045 61,15? 80,000 29,723 216,763 Gold redemption fund with U.S.Treasury 58,258 1,808 lb,254 4,b00 4,313 2,l4p 2,500 11,280 1,734 3,970 1,74-1 1,4-59 6,4-59

Gold held exclusively against • F. R. notes 1,704,522 191,725 254,848 124,600 i4-3,o63 73,541 115,250 320,844 78,779 65,127 81,74-1 31,182 223,222

Gold settlement fund with F.R.Board 66l,780 34,310 269,317 29,331 77,64-0 17,566 12,569 85,666 23,391 13,767 42,729 16,647 38,84-7 Gold and gold c e r t i f . held by tanks 6 io ,26l 26,4g4 359,762 36,84-1 39,467 12,l46 4,994 73,594 s.o48 5.465 7.545 : 9.225 ; 26.680

Total gold reserves 2,976,563 252,529 883,927 190,772 260,170 103,253 133,4l3 480,104 110,218 84,359 132,015 57,054 288,749 Reserves other than gold 199,872 22,6l8 55,673 20,181 l4 ,322 9,127 16,900 18,393 11,837 4,202 8,671 6,092 11,856

Total reserves 3on-reserve cash B i l l s discounted:

Secured "by U.S.Govt, ob l iga t ions Other b i l l s discounted

Total b i l l s discounted B i l l s bought in open market U. So Government secur 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 aad s e c u r i t i e s 1,167,237 64,446 323,373 102,202 113,905 45,392 54,277 176,04-2 49,633 29 ,4l2 30,076 50,259 67,620 Due from fore ign banks 722 53 238 JO 72 30 26 96 26 17 22 22 50 Uncollected items 59^,478 58,372 l6o,399 52,131 57,6o3 43,332 22,429 71,344 27,952 10,942 34,955 23,501 31,506 Bank premises 58,267 3,580 15,664 1,762 7,052 3,194 2,658 2,295 3,211 2,018 3,972 1,876 4,379 All other resources 13,4-79 98 4,109 127 1,073 702 4,004 695 367 543 234 1,077 324

TOTAL RESOURCES 5,079.762 407,598 1,517,523 372,135 459,258 210,130 232,147 763,049 211,902 132,934 212,322 143,969 410,123

,176,435 275,147 69,144 5,902

939,600 210,953 274,492 112,380 150,313 498,497 122,055 14,200 4,230 5,655 5,094 4,44o 8,030 2,058

88,561 14o,686 1,435 2,383

63,146 300,605 4,022 5,579

197,922 183,494

11,920 10,8b7

36,793 17,927

23,209 25,769

31,459 23,368

5,375 17,136

2,669 23,252

49,427 25,372

7,222 6,443 552

2,170 11,283 15,269

2,457 9,439

14,896 5,876

381,422 22,787 ; 54,720 48,978 54,827 22,511 26,527 74,799 14,325 2,722 26,552 11,296 20,772 295,791 13,768 109,563 9,926 27,312 12,979 18,878 29,337 16,012 9,795 46i 12,72s 35,032

69,679 171,226 236,939

3,676 6,324

16,891 11,383 88,240

112,317

3,792 14,067 25,039

4,151 12,400 13,715

3,483 1,521 4,292

21 3,372 5,473

25,680 12,219 32,507

1,221 10,481

6,964

6,028 5,733 5,068

263 2,800

9,584 6,000

10,051 10,600 1,216

477,244 26,391 211,940 42,292 30,266 9,902 2,872 70,4O6 19,266 16,889 3,063 25,635 11,816 12,120 1,000 7,150 1,000 1,500 —• ~ 1,500 30 - - - -

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I I AB I L I I B S

P.E.notes in actual circulation Deposits:

Member bank — reserve account Government Foreign bank Other deposits

Total deposits Deferred ava i lab i l i ty items Capital paid in Surplus a" All other l i a b i l i t i e s

TOTAL LIABILITIES Reserve ratio (per cent) Contingent l i a b i l i t y on b i l l s pur-

chased for foreign correspondents F.R.notes on hand (notes rec'd from

RESOURCES AND LIABILITIES OF THE 'FEDERAL "RESERVE B:AEKSr-GE--$@S'0ARY 5 , 1930 (In thousands of dollars)

1 M 3 M 1 " S $ 7 5 i t e ' g o s 1 7 % 1 % % 9 3 2

" I f lkl:p 'lilVVsfs _J:fi t &g 5 % is f&- i 2,389,301 150,167

542,446 58,390 171,547 11,663 276,936 21,751 16,051 2o4

St. 6477c Dallas San Fran. 40,351 165,746

970,166 139,559 189,352 69,080 66,058 340,056 137,256 45,738 52,687 4o,258 21,752 65,530 O7,4O5 16,507 15,807 6,052 5,4is 20,222 80,001 26,965 29,141 12,496 10,857 40,094 ^,130 458 1 ,378 qq^ l.q7R 2,6l3

78,215 48,895 84 , i4 i i , 3 4 l 829 1,012

207 132 172 264 209 103

63,568 3,326

172 29

171,897 529 396

9,426 80,027 27,715 5,254

10,877 1,437

50,065 85,428 9,215 31,007 3,085 4,306 7,143 9,162

S4l 4^3 5 ' ° 2 ' ? 2 ^ I ' ? 8 1 '5 1J'5S3 372,135 459,85s 210,130 238,147 763,049 211,908 132,934 212,328 / o . u of e 2 C -7)1-7 -iC -1 '*

5'< 26,924 38,915 —W W ~ Uly o A ' U. ± ±' ULij.

F.R.Agent l e s s notes in circulation)372,319 44,251

76.5 74.7 76.1 74.8 75.9 78.6 73.3 78.6 174,062 51,010 52,588 22,087 18,932 70,467 18,931 12,095

84.1

15,776

11,014

67,095 22,44o 4 ,4i6 8,935

732 143,969 58.8

182,248 30,458 11,412 19,514

I 4 L 4io,123 86.4

F.R,notes rec'd from Comptroller F.R.notes held by F. R. A^ent

F.R.notes issued to F.R.Bank Collateral held as security for

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 El ig ible paper

Total co l la tera l

B i l l s discounted B i l l s bought in open market Cert i f icates and b i l l s Municipal warrants

3,459,114 335,524 1,403,314 125,850

71,705 24,309 35,857 17,394 26,016 55,328 17,313 5,431 FEDERAL RESERVE 30TE ACCOUNTS OF FEDERAL RESERVE AGES'TS

2 9 ' 6 5 0 159,709 271,473 544,362 128,131 118,478 135,066 539,699 4o,300 87,280 61,066 113,370 194,500 24,220 50,462 42,120

15,776 36,285

8,269 55,432 68,467 325,778 19,847 io4,6oo

2,055,800 209,674 330,280 167,217 207,350 98,6X3 158,103 349,862 103!911 68,'016 9£,'9K6 1^620 221,'17s

421,744 35,300 229,968 1,224,520 154,617 8,626

654,526 36,476 154,137

39,900 18,750 80,100 120,000 55,201 76,976

lb ,4oi 7,100 - 7,945 14,157 55,000 106,250 309,564 69,100 47,000 80,000 35,255 44,922 103,927 30,229 12,242 26,704

2,300,790 226,393 392,731 175,201 215,726 106,656 158,272 413,491 107,274 73,399 106,704 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES

31 to 60 days 6l to 90 days d a y s t o

o months

17,223 35,000 12,500 181,763 24,433 54,024

Total 381,422 295,791 236,939

. 30

Within 15 days lo to 30 days 275,883 146,963

130

28,299 69,096 42,472

60,674 76,531

25,415 18,651

? 3o

8,071 407

95,346

54,156 270,787

Over 6 months 1,282

64,932

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