STATE!,EMI FOR THE PRESS
Released f o r p u b l i c a t i o n
Friday morning, 2Iov. 1;
not e a r l i e r .
s t . 6366
F e d e r a l Reserve Board,
October 31, 1929.
CCEDITICU OF FEIERAL R^SHtVE BALTICS
The c o n s o l i d a t e d statement of c o n d i t i o n of the F e d e r a l r e s e r v e "banks on
October 30, made p u b l i c by the Federal Reserve Board, shows i n c r e a s e s f o r the
week of $194,700,000 i n h o l d i n g s of d i s c o u n t e d b i l l s and of ^157,000,000 in
Government s e c u r i t i e s , and a decrease of $39,500,000 i n b i l l s bought i n opeft
market. Member bank r e s e r v e d e p o s i t s i n c r e a s e d $273,500,000, Government d e p o s i t s
$3,100,000 and F e d e r a l r e s e r v e note c i r c u l a t i o n $22,900,000, while cash r e s e r v e s
d e c l i n e d $12,300,000. Total b i l l s and s e c u r i t i e s wore $312,100,000 above the
amount r e p o r t e d a week ago.
Holdings of discounted b i l l s i n c r e a s e d $139,000,000 a t the F e d e r a l Reserve
Bank of Bow York, $32,000,000 a t Cleveland, $25,000,000 a t P h i l a d e l p h i a and
$12,^00,000 a t Chicago, and declined $10,800,000 a t San F r a n c i s c o , $9,^00,000 a t
Boston and $6,200,000 a t Minneapolis. The System's h o l d i n g s of b i l l s bought i n
open market d e c l i n e d £>39,500,000, while h o l d i n g s of U. S. bonds i n c r e a s e d
$^3,300,000, of U. S. Treasury n o t e s $48,900,000 and of Treasury c e r t i f i c a t e s
$64,800,000.
Federal r e s e r v e n o t e c i r c u l a t i o n i n c r e a s e d $16,900,000 d u r i n g the week a t
the F e d e r a l Reserve Bank of 2Tew York, $4,600,000 a t Boston, $3,400,000 a t A t l a n t a ,
$2,200,000 a t S t . Louis and $22,900,000 a t a l l F e d e r a l r e s e r v e banks.
A summary of t h e p r i n c i p a l a s s e t s and l i a b i l i t i e s of t h e r e s e r v e banks, t o g e t h e r with changes d u r i n g the week and the y e a r ending October 30, 1929, f o l l o w s :
I n c r e a s e or d e c r e a s e since
Oct, 30. 1929
Oct. 23.1929 Oct. 31.1928
( I n thousands of d o l l a r s )
Total r e s e r v e s
Gold r e s e r v e s
.
. . . . . ,
3,177,008
3,020,951
-
12,838
14,062
+
+
404,012
379,855
1,648,742
+ 312,086
+
45,266
B i l l s discounted, t o t a l . . . . . . .
Secured by U.S.Govt, o b l i g a t i o n s . .
Other b i l l s d i s c o u n t e d . . . . . . .
991,03S
532.33S
458,650
+ 194,680
+ lo0,036
+ 34,644
+
-
58,767
29,708
88,475
B i l l s bought i n open market
339,885
-
39,498
-
292,688
81,26l
120,294
91,133
+
+
+
+
156,984
43,306
43,919
64,759
. . . . . .
T o t a l b i l l s and s e c u r i t i e s . . . . . . .
. . .
U. S. Government s e c u r i t i e s , t o t a l . . .
5 onds .
. . . . . . . . . . .
Treasury n o t e s
. .
C e r t i f i c a t e s of i n d e b t e d n e s s . . . .
+
100,491
+
65,589
27,902
1,288
38,975
+
-
Federal r e s e r v e n o t e s i n c i r c u l a t i o n
.
1,880,192
+
22,360
+
170,376
Total d e p o s i t s .
Members' r e s e r v e d e p o s i t s
Government d e p o s i t s
.
2,696,471
2,651,608
18,967
+ 274,539
+ 273,511
+
3,130
+
+
277,449
280,620
1,531
C
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
-
Released f o r p u b l i c a t i o n Friday morning, November 1, 192$; not e a r l i e r .
St. 6366a
RESOURCES AND LIABILITIES
OF THE TUTELVE PEDER.IL RESERVE BAHKS COMBINED
(In thousands of d o l l a r s )
Oct. 30,1929 Oct. 23,1929 P e t . 3 1 . 1928
RESOURCES
Sold 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 P.R.notes
Gold s e t t l e m e n t fund with P. R. Board
Gold and gold c e r t i f i c a t e s held by "banks
3,035,013
154,833
1,182,044
71,833
1,253,877
709,223
o77,99b
2,641,096
131,900
3,177,008
85,276
3,189,846
79,945
2,772,996
56,874
532,388
458,650
372,352
424,006
991,038
339,835
796,358
379,383
562,096
370,175
932,271
440,376
81,261
120,294
91,133
292,688
25,131
1,648,742
721
772,955
59,036
10,625
37,955
71,375
26,374
53,359
121,582
52.158
135,704
25,211
1,336,65b
727
776,614
58,944
9,238
227,099
3,730
1,603,476
732
694,479
60,548
8,933
5,754,363
5,451,970
5,198,038
1,880,192
1,857,332
1,709,816
2,651,60s
18,967
5,709
20,187
2,378,097
15,837
5,920
22,078
. . .
2,696,471
714,209
167,025
254,398
42,068
2,421,932
711,073
167,025
254,398
40,210
2,370,988
20,49s
6,099
21,437
2,419,022
655,508
145,878
233,319
34,495
. . . .
5,754,363
5,451,970
5,198,038
Reserves other than gold
.
Total r e s e r v e s
In on-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 "bills discounted
Total "bills discounted
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. Government s e c u r i t i e s
Other s e c u r i t i e s
(Dotal 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
M l other resources
. .
TOTAL RESOURCES
.
1,543,841
65,939
1.609,780
791,587
619,284
3,020,951
156,057
1,546,526
68,069
1,614,595
779,661
• 640,757
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
Other d e p o s i t s
Deferred a v a i l a b i l i t y items .
All other l i a b i l i t i e s
TOTAL LIABILITIES
Ratio of t o t a l r e s e r v e s to deposit and
F. R. note l i a b i l i t i e s combined . . .
69.4#
74.5#
67.2#
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
500,833
486,956
250,941
C
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BMKS OH OCTOBER 30, 1929
(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
Sold with Federal Reserve Agents
l , 5 ^ 3 , 8 4 l 194,917
371,64-1 100,000 95,620 4l,656 105,000 279,564 53,SOO
Gold redemption fund with U.S.Treasury 65,939
6,943
12,023
4,512
6,551
4,620
4,238
6,829
5,856
Gold h e l d e x c l u s i v e l y a g a i n s t
?.
notes
1,609,780 201,860
383,664 104,512 102,171 46,276 109,238 286,393 59,656
Gold s e t t l e m e n t fund with F.R.Board
791,887 62,719
290,218 32,974 50,605 29,239 11,761 153,629 4l,106
Gold and gold c e r t i f . h e l d by banks
619,284 27,303
388,824 18,969 36,148
9,336
3,588 81,660
5,518
Total gold r e s e r v e s
3,020,951 291,882 1,062,706 156,455 188,924 84,901 124,587 521,682 106,530
Reserves other than gold
156,057 11,292
62,437
8,771
8,356
6,972 l 4 , 2 4 l 13,092
7,074
Total r e s e r v e s
3,177,003 303,174 1,125,143 165,226 197,280 91.873 133,828 534,774 113,654
Son-reserve cash
85,276 2l,6g4
22,698
1,952
5,015
4,6$4
5,827
9,157
2,817
B i l l s discounted:
Secured by 'J.S.Govt, o b l i g a t i o n s
532,388 22,978
186,606 4 9 , 6 l 6 69,015 21,146
9,4-98 60,737 28,186
Other b i l l s discounted
458,650 22,862
59.516 50,114 53,957 32,795 49,489 45,495 26,169
Total b i l l s discounted
991,038 45,840
246,122 99,730 122,972 53.94
58,937 106,282 54,355
B i l l s bought i n open market
339,885 13,986
101,313 15,763 4o,46l 20,06'
42
5 , 0 7 4 46,007
T
J. S. Government s e c u r i t i e s :
26 19,937
Bonds
81,261
689
43,655
585
543
1,152
2,125
2,820
Treasury n o t e s
120,294
873
56,756
8,219 26,105
375
1,757
6,500
6,300
C e r t i f i c a t e s of indebtedness
91,133
3,138
57,702 10,2~fl 4,234
282
1,829
2,207
66,140
i S
1,329
S t . 6366b
RESOURCES
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 f o r e i g n banks
Uncollected items
Bank premises
i l l other r e s o u r c e s
TOTAL RESOURCES
c
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
292,088
25,131
4,700
1,000
1,648,742
721
772,955
59,p3§
10,025
65,526
53
87,619
3,702
IQb
158,113
15,250
19,075
1,125
30,887
1,500
1,809
520,303 135,698 195,820
218
69
74
220,676 65,639 71,699
l6,OS7
1,762
6,535
2,185
l64
1,305
75.8l4
33
57,323
3,395
5o3
5,053
27,834
27,334
2,000
10,454
8 9 , l l 4 182,123
28
99
25,274 89,767
2j44
8,529
3.850
559
64,851
29
35,601
3,996
3%
-
-
Minn. ICans.Cy. Dallas San Fran.
37,157 60,000 27,723 176,763
4,037
2,293
2,512
5,525
41,194 62,293
26,095 36,623
5,827
5,710
7 3 , l l 6 104,626
2,543
4,502
75,659 109,128
2,3l4
2,347
30,235 182,288
26,355 30,563
9,060 26,991
65,650 239,342
4,684 12,093
70,334 251,935
2,953
3,808
3,826
32,678
9,307
21,822
51,727
31,701
3
1,685
7,913
2,774
1,895
67
10/oil
1,205
S,6l0
8,610
4,256
1,683
12,532
11,883
53,461
18
15,17s
2,110
512
73,6o4
24
4o,8o6
4,i4o
205
19^696
32,052
36,504
4,091
4,564
3,501
5%
545
-
58,Sl4 133,314
24
52
27,053 38,320
1,922
4,ll4
342
4Q0
5,754,363 481,874 1,907,810 370,510 477,723 233,695 263,665 825,008 221,292 149,252 230,254 l b l , 2 4 2 432,033
LIA.BILITI S S
RESOURCES AtTD LIABILITIES OF THE FEDER.IL RESERVE BAK1CS OH OCTOBER 30, 1929
J
(in thousands of d o l l a r s )
'
i.sZf?
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 d e p o s i t s
Total d e p o s i t s
Deferred a v a i l a b i l i t y items
Capital paid in
Surplus
111 other l i a b i l i t i e s
TOTAL LIABILITIES
5,7
fiq.'u63 U ^ ' h 7 4
Reserve r a t i o (per c e n t )
69.4
S3.4
Contingent l i a b i l i t y on "bills p u r chased f o r f o r e i g n correspondents 500,833 36,901
F.R.notes on hand (notes r e c ' d from
F.R. .Igent l e s s n o t e s i n c i r c u l a t i o n ) 44g,108 38,24%
l i a - 6 * i C 74? 5 1s
sl^S ^ 3 5
% %
St. 6360c
£ % , %
^007 %
TnTiazs i wrs
lIIIIlIiflHlf
Jr-R.notes r e c ' d from Comptroller
F.R.notes held "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 l as s e c u r i t y f o r
F.R.notes i s s a e d to F.R.Bank:
Gold and u o l d c e r t i f i c a t e s
C-old 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 cliscornted
•tiills bought in open market
C e r t i f i c a t e s of indebtedness
Municipal warrants
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
3,505,925 301,066
1,176,625 54,450
Z ' ^ o o
1,9
°7^10
71.8
3
J?^10
61.S
k
l l ' J 2 8 233,695 263,065 825,008 221,292 149,252 230,254 161! 242 432^033
54.1
57.9
62.4
78.7
67.9
60.6
61.2
59.0
69.2
153,269
^7,871
16,456
16,456
35,903
163,625
26,242 21,953 16,91s 30,657 48,318 13,4o6
8,290
8,919
Z3DERAL RBS3RYE ".TOTE ACCOUNTS OF F3DEBAL R^SilRVE IGEMTS
10,763
61,770
« M
>i8,479
158,8ob
50,863
22,93s
^
19,44s
68,316
19,946
1 9 b , t o 103,474 187.792 3 ^ 1 * 1 0 1 %
12,466
75:127
sl'.Z
::jg -II S:11:1.1:1 If ISsa si IS
80,752 364,478
18,982 126,900
61:770 237:5%
E ;g:l
2,819,710 2p3,4so
705,664 188,825 257,246 110,610 188,357 429,220 108,084 77,193 131,149 72,993 296TSS9"
-l-xxJRIxi DiSTEIBliTIQU OF BILLS, CERTIFICATES OF INDEBTEDNESS AED MtBICIPAl WAERA2TTS
To t a l
Within 15 days
91 days to
lo to 30 days
31 to 60 days
6l to 90 days
Over 6 months
6 months
991,038
784,594
51,616
94,601
49,726
10,170
331
339,885
70,968
46,503
133,870
86,755
1,789
91,133
1,300
4o,964
29,222
19,647
1,131
4o6
725