H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATSiEltT FOR THE PHESS Released for publication St. 66j4 Friday mooring, June 20; Federal Reserve Board not earlier June 19, 1930 C(EDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve "bank credit outstanding during the week ending June 18, as reported by the Federal reserve "banks was $1,006,000,000, an increase of $12,000,000 compared with the preceding week and a decrease of $275,000,000 compared with the corresponding week of 1929. On June IS total reserve "bank credit outstanding amounted to $961,000,000, a decrease of $13,000,000 for the week. This decrease corresponds with a decrease of $9,000,000 in money in circulation and increases of $3,000,000 in monetary gold stock and $5,000,000 in Treasury currency less an increase of $5,000,000 in unexpended capital funds, etc. Holdings of discounted bills declined $3,000,000 during the week, the principal changes being a decrease of $4,000,000 at Hew York and increases of $4,000,000 and $3,000,000, respectively, at San Francisco and St. Louis. The System*s holdings of "bills "bought in open market declined $15,000,000 and of Treasury notes $8,000,000, while holdings of Treasury certificates and bills increased $21,000,000 and of United States bonds $5,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending June IS, 1930, were as follows: Increase or decrease since June 18, June 11, June 19, 1930 1930 1929 Tin millions of dollars) Bills discounted 207 - 3 -752 Bills bought 133 -15 + 46 United States securities 598 +19 + 459 Other reserve bank credit 24 -13 - 43 TOTAL RESERVE BAM CREDIT , 961 -13 - 291 Monetary gold stock 4,529 +3 + 215 Treasury currency adjusted 791 + 5 4- 25 Money in circulation 4,450 - 9 - 184 Member bank reserve "balances 2,4og - 1 +116 Unexpended capital funds, nonmember deposits,etc.. 442233 +5 + 17 W. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning* June 20,1930? not earlier* St. 6634a RESOURCES AID LIABILITIES OF THE TWELVE FEDERAL RESERVE BASKS COMBINED (in thousands of dollars) June 18.1910 June 11.1910 June 19.1929 R E S O U R C ES Gold with Federal reserve agents . . ; . 1,599,114 1,626,214 1,367,581 Gold redemption fund with U. S. Treasury 37,001 J7,%6 69,988 Gold held exclusively against F.R.notes 1,636,115 1,663,550 1,437,569 Gold settlement fund with F. R. Board . 609,250 598,097 637,59s Gold and gold certificates held by banks 821,837 817,849 805,135 Total gold reserves . . .. 3,067,202 3,079,496 2,880,302 Reserves other than gold 166,709 164,708 166,379 Total reserves . . .. 3,233,911 3,244,204 3,046,681 Non-reserve cash . 64,338 66,344 74,841 Bills discounted: Secured "by U.S.Government obligations 66,925 69,862 480,292 Other bills discounted 139,869 140.622 478,812 Total bills discounted . . 206,794 210,484 959,104 Bills bought in open market . . . . .. . 132,776 148,172 87,032 U.S. Government securities: Bonds 57,l4l 52,001 42,672 Treasury notes 251,416 259,106 83,014 Certificates and bills . 289,091 267.600 13,772 Total U.S. Government securities 597,648 578,707 139,458 Other securities 5,350 5,850 13,167 Total bills and securities 942,568 943,213 1,198,761 Due from foreign banks . , 710 710 730 Uncollected items 718,184 603,883 791,897 F. R. notes of other banks 19,666 19,694 20,200 Bank premises . 59,552 59,499 58,613 All other resources . . .. 10,999 13,655 7,602 TOTAL RESOURCES . . . 5,049,928 4,951,202 5,199,325 L I.A B I 1 I f I E §. ; * • F. R. notes in actual circulation . . 1,419,266 1,446,999 1,649,187 Deposits: Member bank - reserve account . . . 2,408,364 2,408,796 2,291,765 Government 28,412 30,090 46,731 Foreign bank . . . . . .. 7,172 5,788 7.124 Other deposits . , 20,682 18.523 23.052 Total deposits . . . 2,464,630 2,463,197 2,368,672 Deferred availability items 700,030 573,912 739,228 Capital paid in „ , 169,692 170,555 158,412 Surplus . . . 276,936 276,936 254,398 All other liabilities 19,374 19.603 29.428 TOTAL LIABILITIES 5,049,92s 4,951,202 5,199,325 Ratio of total reserves to deposit and F. R. note liabilities combined . .. 33.3# 83.0# 75-8# Contingent liability on bills purchased for foreign correspondents . . . . .. 467,643 459,520 416,999 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

•'' •BBsroaKGi^-mihi^ ebbbbjo. msrnm'msnss -or jubs is, i93cf~ • st. 6634b EES OUE CSS (In thousands of dollars) Total Boston Hew York Fhila. 01 eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 1,599,114 164,91? 258,594 140,000 190,550 69,000 120,400 229,000 6%,245 50,845 75,000 22,800 204,763 Gold redemption fund with U.S.Treasury 37,001 1,053 14,890 2,563 2,l60 974 2,346 1,558 1,803 **99 ^2 6>2jk ^KH^notef5111817617 affainst 1,636,115 165,970 273,484 142,563 192,710 69,974 122,746 230,558 69,050 51,744 76,584 29,695 211,037 a s s i gn t .1 %% Total gold reserves 3,067,202 228, ao 988,9l4 216,594 315,874 89,471 136,84? 466,686 106,268 73,97-+ 123,235 52,775 2b8,354 Reserves other than gold 166,709 11,575 53,578 8,998 11,466 7,289 l4,l65 17,007 11,814 4,369 8,008 7,568 10,872 Total reserves 3,233,911 239,785 l,o42,4$2 225,592 327,34o 96,760 151,012 483,693 118,082 78,343 131,243 60,343 279,226 Honreserve cash 64,338 5,557 14,999 3,765 5,o4l 3,933 4,758 9,906 4,232 1,420 2,o64 3,552 5,111 e u lisations y'M l]fit lisll I'M oth^ Mns a!;^L? 139:869 9:326 J : ** 27,656 14,670 3,270 n , '^ Total hills discounted 206,794 15,322 24,078 25,477 20,276 19,l46 28,639 15,622 18,941 3,750 13,488 9,896 12,159 Bills bought in open market 132,776 14,836 35,668 2,671 9,499 5,681 8,965 15,084 4,837 6,090 4,334 3,331 21,780 securities: ^ ^ ^ ^ ^ ^ ^ ^ 032-5,279 612 8,674 1,000 Treasury notes 251,4l6 17,862 81,285 22,22? 29,081 6,660 6,890 24,649 14,813 10,318 8,181 9,S4l 19,609 Certificates and bills 289,091 24,237 118,858 26,223 24,598 7,333 4,197 31,39b 6,898 9,^6? 9,943 9,°55 16,086 Total U.S.Govt, securities 597*648 44,261 211,473 50,202 55,342 15,594 11,396 77,872 22,643 25,264 18,736 28,170 36,695 Other securities 5,350 1,000 3,350 1,000 ** - ~~ I — Z ~ "* Total bills and securities 942,568 942,568 757,451,4919 2742,5764,9569 797,395,3050 858,51,11717 4o,4a 49,000 108,578 46,421 35,104 36,558 4i,397 70,634 Due from foreign banks 710 710 5 2 23452 234 69 71 69 71 30 26 95 26 l6 21 21 49 UUXn1VcUoJl.JLlGecVt UedCU it. e1m Us01U 57 S1|8,184 71 v8, 1, 8u4. v 7r0 7^,06,5605 10 96,149a6,421 6 ^26,024,0848 I7V3 7*,43 '7, 4I2 7- 2~ 5- 0^,64? 19,792 102,843 28, 5' ^21 1 T3T,4 ^05 ' '3 *7 ,—22 -0 V26 ,525 36,640 0 on( F.R. notes of other banks 19,666 19,666 230 6,263503 6,653 384 384 1,4-1g,O490 1,021 1,141 2,676 1,264 913 1,306 304 2,284 Bank premises 59,552 59,552 3,538,0580 15,61654,664 2,62l4,6l4 7,075,90 35,92 04 2,658 8,295 3,811 2,018 3,972 1,876 4,801 All other resources 10,999 10,999 100 3,170103 155 13,,071123 155 1,012 59% 3,389 ^0 1^5 ^32 246 397 352 TOTAL RESOURCES 5,049,928 395,373 1,554,745 373,977 500,602 196,614 231,776 716,526 202,522 131,651 212,630 134,415 399,097 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDESEULL 'RESERVE BMKS ON' JUNE lg, 1930 St. 6634c L I A B I L I T I ES (In thousands Of dollars) Total Boston New Tork Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. F.R.notes In actual circulation 1,419,266 146,869 177,697 128,053 182,356 64,888 128,866 205.910 72,64o 54,445 70,364 31,933 155,245 Deposits: Member "bank - reserve account 2,408,364 147,494 997,224 140,076 198,264 61,876 62,362 346,414 80,089 52,560 92,724 59,342 169,939 Government 28,412 s6 1 : S8 646 257 172 a 149 56 35 73 Foreign bank 7,172 407 533 550 231 198 $ 198 165 165 Other deposits 20.682 80 8,560 83 2,134 151 134 1,231 309 246 76 33 7,645 Total deposits 2,464,630 148,067 1,035,747 141,338 201,205 62,430 62,715 348,544 80,745 53,207 93,021 59,575 178,036 Deferred availability items 700,030 66,524 189,331 59,915 70,415 49,995 21,740 99,081 31,518 12,845 28,843 34,411 Capital paid in 169,692 11,822 65,369 16,781 15,896 5,861 5.370 20,21Q 5,271 3,081 4,348 11,348 Surplus 276,936 21,751 80,001 26,965 29,141 10,857 40,094 10,877 7,143 9,162 8,935 19,514 All other liabilities 19.37U 340 6,600 925 1,589 2,228 2,678 1,471 930 • 345 781 543 TOTAL LIABILITIES 5,049,928 395,373 1,554,745 373,977 500,602 196,614 231,776 716,526 202,522 131,651 212,630 134,415 399.097 Reserve ratio (per cent) 83.3 81.3 85.9 83.7 85.3 76.0 78.8 87.2 77.0 72.8 80.3 65.9 83.8 Contingent liability on bills purchased for foreign correspondents 467,643 34,370 155,995 45,052 *6,445 19,507 16,720 62,237 16,720 10,682 13,934 13,934 32,04? FEDERAL RESERVE NOTE STATEMENT "Federal reserve notes: - Issued to F»R.bank by F.H. agent 1,766,103 175,542 243,919 153,945 214,075 87,242 157,511 242,405 87,007 60,154 80,044 4o,212 224,04? Held by Federal reserve bank 346,837 28,673 66,222 25,892 31,719 22,354 28,645 36,495 14,367 5,709 9,680 8,279 68,802 In actual circulation 1,419,266 l4&,869 177,697 128,053 182,356 64,888 128,866 205,910 72,64o 54,44$ 70,364 31,933 155,245 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 403,108 35,300 229,968 39,900 15,550 5,000 7,100 - 9,145 11,845 14,300 35,000 Gold fund - F. B. Board 1,196,006 129,617 28,626 100,100 175,000 64,ooo 113,300 229,000 58,100 39,000 75,000 14,500 169,763 Eligible paper 332.682 30,078 56,766 26,128 28,875 24,774 37.473 30,545 23,533 9,776 17,750 13,169 33,815 Total collateral 1,931,796 194,995 315,360 166,128 219,425 93,774 157,873 259,545 90,778 60,621 92,750 41,969 238,578 MATURITY DISTRIBUTION OF BILLS AND 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 206,794 118,012 19,001 27,680 18,780 340 Bills bought in open market 132,776 73,105 31,024 22,147 5,151 1.349 Certificates and bills 289.091 2,500 44,488 - 153,863 Us,655 39,585 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis