H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STAT3LiE;H? FOR THE PRESS Released for publication gt 66l4 Friday morning, June 6; Federal Reserve Board, not earlier. ^ 1930 June CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal reserve bank credit outstanding during the week ending June 4, as reported by the Federal reserve banks, mas $1,035,000,000, an increase of $70,000,000 compared with the preceding week and a decrease of $309,000,000 compared with the corresponding week of I929, On June 4 total reserve bank credit outstanding amounted to $1,004,000,000, an increase of $28,000,000 for the week. This corresponds with an increase of $65,000,000 in menfoer bank reserve "balances less increases of $15,000,000 in Treasury currency and $7,000,000 in monetary gold stock and a decrease of $15,000,000 in money in circulation. The principal changes in holdings of discounted bills for the week were decreases of $4,000,000 each at the Federal Reserve Banks of Hew York ^d.f;leveland and $3,000,000 each at Boston and Philadelphia and an increase of $4,000,000 at Atlanta. The System's holdings of bills bought in open market increased $14,000,000, of Treasury certificates and bills $16,000 000 and of U. S. bonds $3,000,000, while holdings of Treasury notes declined' $5,ooo,ooo e Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending June 4, 1930 were as follows: Increase or decrease since June 4, May 28, June 5, 1910 1910 1929 (In millions of dollars) Bills discounted oh n Bills bought 'J - 736 United States securities ^44 + Jz Other reserve bank credit y + + TOTAL RESERVE BAM CREDIT 1 nnh , os Monetary gold stock 4 ' -, " 299 Treasury currency adjusted 1,7S2 +15 t ^3 Money in circulation 4 4 g , 7 Member bank reserve balances 2*412 +6r ~ Unexpended capital funds,nonmember deposits, etc. *421 - + 19 W. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 6,1930; not earlier. St. 66l4a RESOURCES AiTD LIABILITIES OP THE TWELVE FEDERAL RESERVE BAiTXS C0M3ETED (in thousands of dollars) June 4.1A30 May 28.1A10 June 5.1Q2Q R E S O U R C ES Gold with Federal reserve agents . . .. l,6o3,7l4 1,596,714 1,303,555 Gold redemption fund with U.S. Treasury 37,856 37,857 67,988 Gold held exclusively against F.R.notes 1,641,570 1,634,571 1,371,543 Gold settlement fund with F.R. Board . . 623,375 635,513 679,733 Gold and gold certificates held by "banks 795,63% 787,226 792,692 Total gold reserves . . . . .. . 3,06o,579 3,057,310 2,843,968 Reserves' other than gold 164,710 163,519 141,383 Total reserves 3,225,289 3,220,829 2,925,351 non-reserve cash 66,396 67,210 79,385 Bills discounted: Secured by U.S.Government obligations 91,297 101,743 508,912 Other bills discounted . . . . . . .. 148,431 145,303 468,532 Total bills discounted . . .. 239,728 247,046 977,4# Bills bought in open market 189,24o 175,560 112,747 U. S. Government securities: Bonds . 50,050 46,936 48,625 Treasury notes 232,774 237,966 85,295 Certificates and bills 261,010 244,868 13,408 Total U.S.Government securities 543,834 529,770 147,328 Other securities 5,850 6,4oO 9,917 Total bills and securities 978,652 958,776 1,247,436 Due from foreign banks 709 709 1 727 Uncollected items 609,194 564,916 704,333 F. R. notes of other banks 22,064 19,054 19,372 Bank premises 58^71 58^71 58,595 All other resources 12,495 1 2,194 8,119 TOTAL RESOURCES 4,973,470 4,902,359 5,103,318 L I A B I L I T I ES F. R. notes in actual circulation . . . 1,457,317 1,465,867 1,647,435 Deposits: Member bank - reserve account . .. . 2,4-11,730 2,346,798 2,321,343 Government 27,246 4.9,771 16,023 Foreign bank 5,489 5,387 6,744 Other deposits 20,054 18.*893 21,668. Total deposits 2,464,519 2,420,849 2,365,778 Deferred availability itoms . 584,850 548,376 649,782 Capital paid in 170,572 I70I515 157,507 Surplus 276,936 276,936 254,398 All other liabilities 19,276 19,816 28,418 TOTAL LIABILITIES 4,973,470 4,902,359 5,103,318 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 82.2$ 82,9$ 74.4# Contingent liability on bills purchased for foreign correspondents 464,439 461,853 392,415 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 4 1,930 R E S O U R C ES (In thousands of dollars) St. 66l4b Total Boston Sew York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents l,6o3,7l4 164,917 258,594 140,000 190,550 69,000 107,000 249,000 67,245 53,845 75,000 28,800 199,763 Gold redemption fund with U.S.Treasury 37.856 1,156 15,006 2.693 2,204 1,333 2,378 1,59% 1,817 90S 1,592 899 6,281 Gold held exclusively against F. R. notes l,64l,570 166,073 273,600 142,693 192,754 70,333 109,378 250,594 69,062 54,748 76,592 29,699 206,(M- Gold settlement fund with F.R.Board 623,375 38,254 1&7,751 48,673 73,800 17,284 15,546 115,806 29,079 15,689 33.466 20,244 47,783 Gold and gold certif. held by tanks 795.634 36.718 485.368 30.871 54,459 9,293 6,070 112,519 8,570 5,l46 9,575 9,268 27,777 Total gold reserves 3,060,579 24i,o45 926,719 222,237 321,013 96,910 130,994 478,919 106,711 75,583 119,633 59.211 281,6o4 Reserves other than gold 164,710 11,738 54,369 7,639 11,562 7,487 14,175 16,493 12,361 4,173 8,042 5,978 10,693 Total reserves 3,225,289 252,783 981,088 229,876 332,575 104,397 l45,l69 495,412 119,072 79,756 127,675 65,189 292,297 Nonreserve cash 66,396 6,096 17,024 4,172 4,824 4,110 4,083 9,557 4,228 1,697 1,923 3,528 5,154 Bills discounted: . . Secured by U.S.Govt, obligations 91,297 7,356 32,553 13,307 10,703 4,275 2,002 6,q43 6,113 643 2,607 1,201 3,59? Other Mils discounted 148,431 9,230 16,017 14,896 7.2a 14,432 30.786 11,448 15,014 2,979 12,672 8,442 5,294 Total bil'ls discounted 239,728 16,586 48,570 28,203 17,924 18,707 32,788 18,391 21,12? 3,622 15,279 9,643 8,888 Bills bought in open market 189,24o 14,595 74,653 3,352 11,44? 7,776 11,896 17,727 7,043 7,429 6,049 4,792 22,481 U. S. Government securities: Bonds 50,050 l,6l4 7,857 1,311 1,096 1,422 171 21,104 759 4,937 678 8,446 655 Treasury notes 232,774 17,778 68,205 21,639 28,26l 5,679 6,242 23,469 13,569 10,176 7,497 9,292 20,967 Certificates and hills 261,010 22,085 106,818 24,370 22,205 6,4<>4 3,515 28,287 5,929 8,809 8,874 8,64l 15,073 Total U.S.Govt, securities 543,834 4i,4?7 182,880 47,320 51,562 13,505 9,928 72,860 20,257 23,922 17,049 26,379 36,695 Other securities 5*850 l 000 3,850 1+000 — — ~~ Z ** ~ ~~ y Total bills and securities 978,652 73,658 309,953 79,875 80,933 39,988 54,612 108,978 48,427 34,973 38,377 4o,8l4 68,064 Dae from foreign banks 709 52 233 69 71 30 26 95 26 l6 21 21 4$ Uncollected items 609,194 64,351 170,748 55,26o 57,719 44,557 15,327 75,792 28,622 12,107 33,783 2i,46l 29,467 F. R. notes of other banks 22,064 2% 7,754 447 1,348 1,450 711 3,624 1,373 986 1,184 kjk 2,468 Bank premises 58,671 3,580 15,664 1,787 7,059 3,204 2,658 8,295 3,811 2,018 3,972 1,876 4,74% All other resources 12,495 85 4,66o 239 1,175 618 3,286 4a 300 497 298 4l0 506 TOTAL RESOURCES 4,973,470 400,850 1,507,124 371,725 485,704 198,354 225,872 702,174 205,859 132,050 207,233 133,773 402,752 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BMS'"® JUNE 4, 1930 L I A B I L I T I ES (In thousands of dollars) St. 66l4c Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R. notes in actual circulation 1,457,317 154,790 185,381 131,363 18X084 67,500 125,556 219,253 74,409 55,554 72,262 32,190 155,975 Deposits: Member "bank - reserve account 2,411,730 145,851 999,538 142,332 195,682 65,077 62,082 344,415 79,637 52,740 88,376 60,190 175,810 Government 27,246 2,519 3,967 3,390 1,732 2,590 4,129 825 2,04l 1,476 1,365 1,909 1,303 Foreign "bank 5.489 407 1,802 533 549 231 198 736 198 126 165 165 379 Other deposits 20,054 68 3,870 %9 2,097 m % 565 336 178 71 26 7.661 Total de-posits 2,464,519 148,845 1,014,177 146,304 200,060 67,987 66,453 346,541 82,212 54,520 89,977 62,290 185,153 Deferred availability items 584,850 63,329 154,814 49,522 55,944 43,531 15,417 73,377 31,532 10,843 31,112 25,226 30,203 Capital paid in 170,572 11,822 66,252 16,745 15,899 5,874 5,374 20,222 5,281 3,089 4,330 4,349 11,335 Surplus 276,936 a,751 80,001 26,965 29,141 12,496 10,857 40,094 10,877 7,143 9,162 8,935 19,514 All other liabilities 19,276 313 .6,499 826 1,576 966 2,215 2,687 1,548 901 390 783 572 TOTAL LIABILITIES 973,470 400,850 1,507,124 371,725 485,704 198,354 225,872 702,174 205,859 132,050 207,233 133,773 402,752 Reserve ratio (per cent) 82.2 83.3 81.8 82.8 86.8 77.1 75.6 87.G 76.0 72.5 78.7 69.0 85.7 Contingent liaMlity on bills purchased for foreign correspondents 464,439 34,369 152,792 45,052 46,445 19,507 16,720 62,237 16,720 10,682 13,934 13,934 32,047 FEDERAL RESERVE 3T0TE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R. agent 1,779,033 181,481 243,895 155,918 214,199 87,880 150,510 253,91c 62,480 81,872 39,690 218,114 Held by Federal reserve bank 321,716 26,691 58,51% 24,555 31,115 20,380 &,954 34,661: 6,926 9,610 7,500 62,139 In actual circulation 1,457,317 154,790 ' 3.95,581 131,363 183,084 67,500 125,556 219,253 74,409 55,554 72,262 32,190 155,975 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 402,008 35,300 229,968 39,900 15,550 5,000 6,000 - 9,145 11,845 14,300 35,000 Gold fund - F. R. Board 1,201,706 129,617 28,626 100,100 175,000 64,000 101,000 249,000 58,100 42,000 75,000 14,500 164,763 Eligible paper 421,180 31,101 120,063 29,649 28,001 26,423 44,518 35,942 27,757 10,944 2l,24l 14,286 31,255 Total collateral 2,024,894 196,018 378,657 169,549 218,551 95,423 151,518 284,942 95,002 64,789 g6,24i 43,086 231,01s MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days ^ ^ t h s° 0ver 6 months Bills discounted 239,728 143,410 23,492 30,563 19,962 21,642 659 Bills bought in open market 189,240 116,554 30,334 33,890 7,126 1,336 Certificates and bills 261,010 26,091 44,500 60,689 87,157 42,573 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis