H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication ' St. 664o Friday morning, June 27; Federal Reserve Board not earlier. June 26, 1930. CCETDITICBT OF FEDERAL RESERVE BAMS The daily average volume of Federal reserve "bank credit outstanding during the meek ending June 25, as reported "by the Federal reserve "banks, was $975,000,000, a decrease of $31,000,000 compared with the preceding week and of $332,000,000 compared with the corresponding week of I929, On June 25 total reserve hank credit outstanding amounted to $936,000,000, a ^ o a se of $25,000,000 for the week. This decrease corresponds with declines of $24,000,000 in the amount of money in circulation and $22,000,000 in menfoer | hank reserve balances and an increase of $4,000,000 in monetary gold stock, offset in part "by a decrease of $25,000,000 in Treasury currency. I Holdings of discounted "bills increased $25,000,000 during the week, the principal changes including an increase of $14,000,000 at Hew York, $9,000,000 at Cleveland and $3,000,000 at Chicago. The System's holdings of bills "bought in open market declined $31,000,000, of Treasury notes $32,000,000 and of U. S_ "bonds $1,000,000, while holdings of Treasury certificates and bills increased $13,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending June 25, 1930, were as follows: Increase or decrease since June 25 June 18 June 26 1930 1930 1929 (in millions of dollars) Bills discounted 232 +25 - 785 Bills bought 102 - 31 + 19 1 United States securities 577 - 21 + 427 | Other reserve bank credit 25 +1 - 20 i TOTAL RESERVE BANK CREDIT 936 - 25 - 358 Monetary gold stock 4,533 + 4 +207 Treasury currency adjusted 1,766 - 25 +2 j Money in circulation 4,426 - 24 - 210 Member bank reserve balances 2,386 - 22 + 42 Unexpended capital funds,nonmember deposits, etc. 423 - + 19 W Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for jtablication Friday nKSiliiiig, Jtiiie 27,1930; not earlier. St. SSMQ& RESOURCES MD LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) June 25.1930 June 18.1930 June 26.1929 R E S O U R C ES Gold with Federal reserve agents . . .. i,6oo,a4 1,599,114 1,372,441 Gold redemption fund with U. S. Treasury 36,812 37,001 71,589 Gold held exclusively against F.R.notes 1,637,026 1,636,115 1,444,030 Gold settlement fund with F. R. Board 601,691 609,250 644,038 Gold and gold certificates held "by "banks 820,457 821,8^7 807,446 Total gold reserves . . . 3,059,174 3,067,202 2,895,514 Reserves other than gold 172,637 166,709 177,o4o Total reserves . 3,231,811 3,233,911 3,072,554 Non-reserve cash 67,339 64,338 69,108 Bills discounted: Secured "by U.S.Government obligations 84,887 66,925 532,745 Other "bills discounted 146,618 139,869 484,002 Total "bills discounted . . 231,505 206,794 1,016,747 Bills bought in open market 102,313 132,776 82,839 U. S. Government securities: Bonds . . . . . . . . . . . . . . .. 55,911 57,l4l 42,738 Treasury notes 219,436 251,416 92,021 Certificates and "bills . . 301,623 289,091 14,768 Total U.S. Government securities 576,970 597,648 149,527 Other securities . .. 5,250 5,350 13.315 Total "bills and securities . . .. 916,038 942,568 1,262,428 IXie from foreign "banks 709 710 729 Uncollected items 570,390 718,184 656.457 F. R. notes of other "banks 22,773 19,666 20,146 Bank premises 59,552 59,552 58,6i4 All other resources 11,331 10.999 7.441 TOTAL RESOURCES . . . . .. 4,879,943 5,049,928 5,147,477 L I A B I L I T I ES F. R. notes in actual circulation . . . 1,402,869 1,419,266 1,658,496 Deposits; Member "bank - reserve account . . .. 2,386,435 2,408,364 2.343,813 Government . 45,669 28,412 48,924 Foreign "bank 5,858 7,172 5.006 Other deposits . . . . . .. 21,422 20,682 21,312 Total deposits . * 2,459,384 2,464,630 2.419,655 Deferred availability items . 551,024 700,030 625,737 Capital paid in 169,736 169,692 158,607 Surplus 276,936 276,936 254,398 All other liabilities 19,994 19,374 30,584 TOTAL LIABILITIES M79.943 5,049,928 5.147,477 Ratio of total reserves to deposit and F. R. note liabilities combined . . . S3.1$ 83.3# 75.3# Contingent liability on bills purchased for foreign correspondents 463,642 467,643 424,566 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BA1TKS OH JTJHE 25, 1930 st* O640b R E S O U R C ES (In thousands of dollars) 7 s s s Total Bosto»n Hew York Phil•a. CIeve. Rich.£ A?tlanta ^Chic°ago St.Louis Minn. Kans.Cy. Dallas San Fran. SSSSL'S.^JS- » &3 saa as s-g ;•&s?a %% ^ 1;%LS3L Total eold reserves 3,059,174 224,306 1,006,439 212,o45 318,750 9%,4o4 132,171 452,457 106,223 70,416 109,326 53,917 281,720 Reserves other t hl gold 172,637 12,2 4 54,824 9,327 11,099 7,992 15,710 17,704 12,239 4,203 7,745 8,050 11,450 9 Total reserves 3.231,811 236.600 l,o6l,263 2a,372 329,849 99,396 147,881 470,161 118,462 74,619 117,071 61,967 293,170 Uonreserve cash 67,339 5,795 16.510 3,629 3,899 4,o66 5.339 9,730 4,468 1,933 2,188 4,165 5.*17 Iff i&SS l:T£ ^ ^ iimI " i on » :« a .™ Total Mils discounted 231.505 17,307 38,153 28,2o4 29,341 21,417 26,335 19,034 16,863 3,946 12,591 9,986 8,328 Bills bought in open market 102,313 16,274 10,157 2,46l 8,670 5,644 8,537 16,692 4,108 6,240 4,l6l 2.894 l6, 75 1:1 jf ill 111 S:§ ti ill si a is; i°i M Total U.S. Govt, securities 576,970 44,260 179,945 50,202 55,342 15,594 11,769 77,967 22,643 25,647 28,736 28,170 36,, 95 Other securities 5*2-50 1,000 3»2$0 1 1 000 - 7, — — —— —— - Total bills and securities 916,038 78,84i 231,505 81,867 93,353 42,655 #,64l 113,693 43,614 3 5,833 45,%8 41,050 6 i ,^ H E- il i if if 'I il i i i i •! t •i iOTAL RESOURCES 4,879.943 389.658 1,498,051 358,691 492,174 193,542 222,001 677,506 194,950 127,044 202,239 128,997 395,090 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS' OH JUNE 25, 1930 St. 664oc L I A B I L I T I ES (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans#Cy. Dallas San Fran. F.R. notes in actual circulation Deposits: 1,1402,869 145,746 172,481 1 " 2 J 7 : ,55 ® 5 187,099 64,020 124,316 201,438 71,194 53,360 69,244 3l,39S 155,018 fM Member "bank - reserve account Government t % .% % 339,879 78,422 50,4oi 87,920 59,571 169,734 Foreign bank 2,635 2,156 1,686 2,137 3,865 2,595 Other deposits 2 . 198 126 165 165 379 168 6q IS 7,691 Total deposits 2,459,384 146,337 1,020,848 l42,in 204,832 69,358 64,358 343,697 81,093 52,381 90,291 63,679 180,399 Deferred availability i terns 551,024 6a3,610 152,474 44,306 53,618 4o,88o 14,864 Capital paid in % '% 18: % 10 69,199 25,015 10,158 28,835 19,827 28,238 Surplus 1^9,736 11,830 65,394 16 ,7*81 1'5&,896 5,8A56 % 5,369 20,207 5,274 3,081 4,356 4,347 11,345 All other liabilities 40,094 10,877 7,143 9,162 8,935 19,514 2,871 i . i ai 22L 811 5Z6_ TOTAL LIABILITIES 4,879.943 389,658 1,498,051 358,691 492,174 193,542 222,001 677,506 194,950 127,044 Reserve ratio (per cent) 202,239 128,997 395,090 83-7 81.0 82-9 82.1 84.2 74.5 78.4 86.2 77.8 70.6 Contingent liability on bills pur- 73.4 65.2 87.4 chased for foreign correspondents 463,642 34,370 151,994 45,052 46,445 19,507 16,720 62,237 16,720 10,682 13,934 13,934 32,047 FEDERAL RESERVE NOTE STATEMENT federal reserve notes: •'SS:gj B' :S 1!:SI g-gi -a-ii; % %% »;.» Issued to F.R.bank by F.R. agent Held by Federal reserve bank 79,317 39,585 225,310 10.073 8.187 7o.?QP In actual circulation 1,402,869 145,746 172,481 127,555 187,099 64,oao 124,316 201,438 71,194 53,360 69,244 31,398 155,01s Collateral held by agent as security for notes issued to bank: Gold and gold certificates **03,108 35,300 229,968 39,900 15,550 5,000 7,100 Gold fund - F. B. Board 1,197,106 129,617 9,145 11,845 14,300 35,000 28,626 100,100 175,000 64,ooo 109,400 229,000 Eligible paper 325,759 33,501 45,146 26,759 37,905 26.958 34.757 35.566 58,ipo 39,000 75,000 14,500 174,763 20,842 10.133 16.688 12.824 24.680 Total collateral 1.925,973 198,418 . 393,740 166,759 228,455 95,95s 151,257 264,566 88,087 60,978 91,688 41,624 234,443 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total WitWhiinthin 1155 ddaayvss l6 to8 30 :da ys 31 to 60 days 6l to 90 days 91 days to Over 6 months b months Bills discounted 231,505 135,408 >47° 30,110 22,050 24,242 Bills bought in open market 102,313 49,607 °92 23,077 4,399 1,138 219 Certificates and bills 301,623 42,488 55,221 109,697 52,585 41,632 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis