H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication St. 66 26 Friday morning, June I3; Federal Reserve Board not earlier. June 12, 1930 CONDITION OF FEDERAL RESERVE BANKS Ohe daily average volume of Federal reserve "bank credit outstanding during the week ending June 11, as reported "by the Federal reserve banks was $994,000,000, a decrease of $+1,000,000 compared with the preceding week and a decrease of $294,000,000 compared with the corresponding week of I929. On June 11 total reserve bank credit outstanding amounted to $974,000,000, a decrease of $30,000,000 for the week. This decrease corresponds with a decline of $17,000,000 in money in circulation, of $3,000,000 in member bank reserve balances, of $3,000,000 in unexpended capital funds, etc., and increases of $3,000,000 and $5,000,000, respectively, in monetary gold stock and Treasury currency. Holdings of discounted bills declined $30,000,000 during the week, the principal declines being $20,000,000 at New York and $6,000,000 at St. Louis. The System's holdings of bills bought in open market declined $+1,000,000 while holdings of Treasury notes increased $26,000,000, of Treasury certificates and bills $7,000,000 and of United States bonds $2,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending June 11, 1930, were as follows: Increase or decrease since June 11, June 4, June 12, 1910 1930 1929 (in millions of dollars) Bills discounted 210 Bills bought l4g United States securities 579 + 4o9 Other reserve bank credit 37 - 14 TOTAL RESERVE BANK CREDIT 974 - 30 - 294 Monetary gold stock 4,526 + 3 + 221 Treasury currency adjusted 1,786 + 5 - 9 Money in circulation 4,459 - 17 - 177 Member bank reserve balances 2,409 - 3 + si Unexpended capital funds,nonmember deposits, etc 4ig - 3 + i4 w. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

.leieased for publication Friday morning, June 13,1930; not earlier. St. 6626a RESOURCES AMD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) June ll.lQ^O June 4.1Q10 June 12.1Q2Q R E S O U R C ES Gold with Federal reserve agents . . .. 1,626,214 1,603,714 1,318,782 Gold redemption fund with U. S. Treasury 37,336 37,856 66,118 Gold held exclusively against F.R.notes 1,663,550 1,641,570 1,384,900 Gold settlement fund with F. R. Board . 598,097 623,375 691,678 Gold and gold certificates held "by banks 817,849 795,634 799,'052 Total gold reserves 3,079,496 3,060,579 2,875,630 Reserves other than gold 164,708 164,710 149,559 Total reserves . . .. 3,244,204 3,225,289 3,025,189 Bon-reserve cash 66,344 66,396 S3,6o4 Bills discounted: Secured "by U.S.Government obligations 69,862 91,297 474,086 Other bills discounted l4o,622 148j431 459,*825 Total bills discounted . . 210,484 239,728 933,911 Bills bought in open market . . . . .. 148,172 189,240 114,117 U. S. Government securities? ?onds 52,001 50,050 44,630 Treasury notes 259,106 232,774 97,244 Certificates and bills 267,600 26l,010 27,999 Total U.S.Government securities 578,707 543,834 169,873 Other securities 5,850 5,850 9[917 Total bills and securities . . .. 943,213 978,652 1,227,818 Dae from foreign banks 710 709 729 Uncollected items 603,883 609,194 728,048 F. R. notes of other banks 19 $94 22 064 18 264 BTztk premises 59^99 58)671 58,*6l3 All other resources 13,655 12,495 8,486 TOTAL RESOURCES 4,951,202 4,973,470 5,150,751 L I A B I L I T I ES F. R. notes in actual circulation . . . 1,446,999 1,457,317 1 644 216 Deposits: * ' Member bank - reserve account . . .. 2,408,796 2 4ll 730 2 328 232 Government 30,090 '27 ,*246 ' 18J00 Foreign bank 5,788 5,489 6,225 Other deposits 18,523 20,054 23,058 Total deposits 2,463,197 2,464,519 2,376,215 Deferred availability items 573,912 584,850 688,296 Capital paid in 170,555 170,572 157,931 Surplus 276,936 276,936 254,398 All other liabilities 19,603 19,276 29,695 TOTAL LIABILITIES . . .. 4,951,202 4,973,470 5,150,751 Ratio of total reserves to deposit and F. R. note liabilities combined . . 83.0 82.2$ 75.2% Contingent liability on bills purchased for foreign correspondents 459,520 464,439 405,240 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF 3HE FEDERAL RESERVE BAMS ON JUKE 11, 1930 St. 6626b R E S O U R C ES (In thousands of dollars) Total Boston Hew York Ehila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 1,626,2l4 164,917 258,594 l4o,000 190,550 69,000 124,500 239,000 67,245 53,845 75,000 28,800 214,763 Gold redemption fund with U.S.Treasury 37,336 1,099 l4,94o 2,630 2,l6o l,l46 2,346 1,558 1.805 899 1,584 895 6,274 R?1notes1US1Vely 1,663,550 l66,oi6 273,534 142,630 192,710 70,146 1 26,846 24o,558 69,050 54,744 76,584 29,695 221,037 Gold settlement fund with F.R. Board 598,097 25,273 197,010 40,644 74,255 12,929 10,538 123,690 25,483 12,024 28,518 12,544 35,189 Gold and gold certif. held by banks 817,849 37,34p 506,582 31,528 56,056 9,310 4,880 110,103 9,658 5,014 9,923 9,305 28,150 Total gold reserves 3,079,496 228,629 977,126 214,802 323,021 92,385 142,264 474,351 104,191 71,782 115,025 51,544 284,376 Reserves other than gold 164,708 11,639 55,654 7,856 10,793 7.3l6 12,941 16,692 12,336 4,291 7,700 7,139 10,351 Total reserves 3,244,204 2^,268 1,032,780 222,658 333,814 99,701 155,205 491,o43 116,527 76,073 122,725 58,683 294,727 Uonreserve cash 66,344 6,030 16,138 3,519 4,o67 3,834 4,980 9,972 4,60S 1,912 *2,228 4,146. 4,910 ^Secure^by1U?S!Govt. obligations 69,862 8,156 11,986 11,707 13,589 3,609 1,294 6,526 4,291 4l8 2,837 1,833 3,6l6 other bills discounted l4p,622 9,015 16,155 14,585 6,669 14,773 28,895 9,966 11,187 3,016 12,934 8,525 4,902 Total bills discounted 210,484 17,171 28,l4l 26,292 20,258 18,382 30,189 16,492 15,478 3,434 15,771 10,358 8,518 Bills bought in open market 148,172 17,884 40,747 2,744 9,670 6,662 10,520 16,976 6,238 6,898 5,353 3,750 20,730 U. S. Government securities: Bonds 52,001 1,731 9,214 1,405 1,217 1,458 101 21,257 794 5,172 426 8,494 732 Treasury notes 259,106 20,054 78,277 23,997 31,350 7,386 2,975 27,549 15,51s 11,155 9,122 10,756 20,967 Certificates and bills 267,600 22,476 113,036 24,803 22,775 6,750 357 29,006 6,331 8,962 9,188 8,920 14,996 Total U.S.Govt, securities 578,707 44,261 200,527 50,205 55,342 15,59% 3,433 77,812 22,643 25,289 18,736 28,170 36,695 Other securities 5,850 1,000 3,850 1,000 - - - - - - - — — Total bills and securities 943,213 80,316 273,265 80,24l 85,270 4o,638 44,142 111,280 44,359 35,621 39,860 42,278 65,943 Due from foreign banks 710 52 234 69 71 30 26 95 26 l6 21 21 49 Uncollected items 6o3,883 63,147 157,39% 53,336 57,770 45,658 25,660 77,175 27,664 12,134 32,539 21,656 29,750 F. R» notes of other banks 19,694 235 5,460 361 987 1,119 801 3,184 1,237 1,691 1,553 380 2,686 Bank premises 59,499 3,580 15,664 2,615 7,059 3,204 2,658 8,295 3,811 2,018 3,972 1,876 4,747 All other resources 13,655 89 5,548 29I 1,182 6l4 3,539 434 303 451 267 423 517. TOTAL RESOURCES 4,951,202 393,717 1,506,483 363,090 490,220 194,798 237,011 701,478 198,535 129,916 203,165 129,460 403,329 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BMKS OE JUNE 11, 1930 St. 6626c L I A B I L I T I ES (in thousands of dollars) Total Boston Hew York Phi la. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 1 .,446,999 149,316 182,640 129,125 187,335 65,857 134,092 211,596 72,474 54,74s 71,464 32,036 156,316 Deposits: Member "bank - reserve account < ?,408,796 144,210 1,005,500 139,237 195,966 62,988 62,368 348,514 77.131 51,171 86,039 59,291 176,381 Government 30,090 2,972 7,l6o 2,278 2,018 2,564 2,330 3,514 1,219 982 1,252 1,971 1,830 Foreign "bank 5,788 407 2,100 550 231 198 736 198 126 165 165 379 Other deposits 18,523 50 8,383 % 1,657 96 76 567 365 458 , 65 27 6,730 Total deposits i :,463,197 147,639 1,023,143 142,097 200,191 65,379 64,972 353,331 78,913 52,737 87,521 61,454 185,320 Deferred availability items 573,912 62,830 147,916 47,195 56,038 43,758 19,494 73,470 29,446 11,300 30,310 21,910 30,245 Capital paid in 170,555 11,822 66,230 16,781 15,898 5,867 5,370 20,225 5,271 3,083 4,325 4,347 11,336 Surplus 276,936 21,751 80,001 26,965 29,l4l 12,496 10,857 4o,o§4 10,877 7,143 9,162 8,935 19,514 All other liabilities 19.603 m 6,553 927 1,617 94i 2,226 2,762 1,554 -221 383 778 TOTAL LIABILITIES 1 ,951,202 393,717 1,506,4s3 363,090 490,220 194,798 237,011 701,478 198,535 129,916 203,165 129,460 403,329 Reserve ratio (per cent) 83.0 80.9 85.7 82.1 86.1 75.7 78.0 86.9 77.0 70.8 77.2 62.8 86.3 Contingent liability on bills purchased for foreign correspondents 459,520 34,370 147,872 45,052 46,445 19,507 16,720 62,237 16,720 10,682 13,934 13,934 32,047 Federal reserve notes: FFEEDDEERRAALL RREESSEERRVVEE NWODTTEE SST TAATE MTEEMNEKTT T1 Issued to F.E.bank by F.E. agent 1 ,788,611 178,865 242,758 156,297 215,119 88,462 164,827 245,093 88,130 61,881 81,610 40,778 224,131 Held by Federal reserve bank 341,612 29,549 60,118 27,172 28,444 22,605 30,735 33,497 15,656 7,133 10,146 8,742 67,815 In actual circulation. 1 ,446,999 149,316 182,640 129,125 187,335 65,857 134,092 211,596 72,474 54,74s 71,464 32,036 156,316 Collateral held by agent as security for notes issued to bank! Gold and gold certificates 402,508 35,300 229,968 39,900 15,550 5,000 6,500 - 9,145 11,845 14,300 35,ooo Gold fund - F. R. Board ,223,706 129,617 28,626 100,100 175,000 64,ooo 118,000 239,000 58,100 42,ooo 75,000 14,500 179,763 Eligible paper 352,662 34,974 67,103 26,487 29,743 24,727 4o,546 33,302 21,313 10,254 21,037 14,037 29,139 Total collateral ,978,876 199,891 325,697 166,487 220,293 93,727 165,046 272,302 88,558 64,099 96,037 42,837 243,902 MATURITY DISTRIBUTION OF BILLS MD SHORT TERM SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 210,484 116,491 23,723 29,228 18,122 22,346 574 Bills bought in open market 148,172 79,187 37,021 23,434 7,283 1,247 Certificates and bills 267,600 32,139 4o 44,500 60,689 87,806 42,426 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis