H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication it. 6644 Friday morning, July 4; Federal Reserve Board not earlier. July 3, 193<X CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reservd bank credit outstanding during the week ending July 2, as reported by the federal reserve banks, was $1,031,000,000, an increase of $56,000,000 compafc*6d with the preceding week and a decrease of $36$,000,000 compared with the corresponding week of 1929. On July 2 total reserve bank credit outstanding Mounted to $1,070,000,000, an increase of $134,000,000 for the week. This increase corresponds with increases of $127,000,000 in the amount of money in circulation, of $20,000,000 in member bank reserve balances and of $9,000,000 in unexpended capital funds, etc., offset in part by increases of $19,000,000 and $3,000,000, respectively, in Treasury currency and monetary gold stock. Holdings of discounted bills increased $29,000,000 during the week, the principal increases being $10,000,000 at New York and • $9,000,000 at Saoa Francisco. The System's holdings of bills bought in open market increased $55,000,000, of Treasury notes $17,000,000 and of certificates and bills $10,000,000, while holdings of U. S. bonds declined $8,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending July 2, 1930, were as follows: Increase or decrease since July 2 June 25 July 3 1930 1Q30 lQ2q (in millions of dollars) Bills discounted 260 + 29 865 Bills benight 157 + 55 + S3 United States securities 596 + 19 + 455 Other reserve bank credit 56 + 31 34 TOTAL RESERVE BiSC CREDIT 1,070 + 134 - 36l Monetary gold stock 4,536 + 3 + 205 Treasury currency adjusted 1,786 + 19 - 5 Money in circulation 4,553 + 127 - 212 Member bank reserve balances 2,4o6 + 20 + 26 Unexpended capital funds,nonmember deposits, etc. 432 + 9 + 25 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, July 4,1930; not earlier. St. 6644a RESOURCES AUD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAtJKS COMBINED (In thousands of dollars) July 2,1930 J-one 25.19% July 3. 1929 R E S O U R C ES Gold with Federal reserve agents . . .. 1,568,014 1,600,214 1,380,112 Gold redemption fund with U.S. Treasury 36,675 36,812 67,828 Gold held exclusively against F.R.notes I,6O4,6S9 1,637,026 1,447,940 Gold settlement fund with F. R. Board . 610,593 601,691 669,696 Gold and gold certificates held by "banks 775,127 820,457 748,704 Total gold reserves . .. . . . 2,993,409 3,059,174 2,866,340 Reserves other than gold 157,835 172,637 174,959 Total reserves 3,151,244 3,231,811 3,O4I,299 Non-reserve cash 55,002 67,339 55,912 Bills discounted: Sec. by U. S. Government obligations . 105,234 84,887 609,898 Other bills discounted . . 155,179 146,618 515,185 Total bills discounted . . . 260,413 231.505 1,125,083 Bills bought in open market . . . . . .. 157,485 102,313 73,922 U. S. Government securities: Bonds 47,531 55,911 43,246 Treasury notes . . 236,519 219,436 85,779 Certificates and bills 311,903 301,623 12.357 Total U.S. Government securities 595.953 576,970 141,382 Other securities 7,301 5.250 10,465 Total bills and securities 1,021,152 916,038 1.350,852 Due from foreign banks 706 709 728 Uncollected items . . . 663,567 570,390 791,935 F. R. notes of other banks 19,950 22,773 18,907 Bank premises 59,561 59,552 58,6i4 All other resources . . 12.083 11,331 8,132 TOTAL RESOURCES . . .. 4,983,265 4,879,943 5386,429 L I A B I LI T I ES F. R. notes in actual circulation 1,432,252 1,408,869 1,736,259 Deposits: Member bank - reserve account . . . . .. 2,406,376 2,336,435 2,380,165 Government 45,669 23.373 Foreign bank 6,1)67 5,858 6,128 Other deposits . . . . . .. . 36,063 21,422 28,282 Total deposits 2,473,805 2,459,334 2.437,948 Deferred availability items . . 615,924 551,024 712,939 Capital paid in 169,626 169,736 153.585 Surplus . . .. » » » . » . . . .. . . .. 276,936 276,936 254,398 All other liabilities 14,722 19,994 26,250 TOTAL LIABILITIES 4,983,265 4,879,943 5,326,429 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 80.7$ 83.7# 72.9# Contingent liability on bills purchased for foreign correspondents . 481,269 463,642 428,711 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAMS OU JULY 2, 1930 Ste 6644b RESOURCES (In thousands of dollars) Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Balsas San ^an« s s s s s s s t s j s :^ Reln6te*3laS1Vely I,6O4,689 155,937 273,446 142,514 192,628 66,499 110,299 220,513 68,830 51.739 76,571 29,689 216,024 2 ^ %:% %% si:% « * : %^ s $ %% Total gold reserves 2,993,409 242,579 931,356 209,714 315>55 91,163 128,477 457,336 103,051 68,754 10Z,597 52,032 285,895 Reserves other than gold 157,835 10,955 48,824 8,2p4 10,l6g 7,063 14,447 16,662 12,119 3JSJ 7^83 7,615 10,308 Total reserves 3,151,244 253,534 980,180 217,918 325,623 98,226 142,924 473,998 115,170 72,541 114,780 59,647 296,703 Nonreserve cash 55,002 4,395 12,035 3,093 4,158 3,473 4,707 S,o4l 4,031 1,375 1,811 3,336 4,547 M i i s a t i o ns 1 E t r S r; e ? %:% h-m wrn ^ ^ ^ Total tills discounted 26o,4i3 17,590 48,621 30,122 31,922 22,64g 29,552 l9,84o 16,019 4,629 11,577 10,073 17,819 Bills bought in open market 157,485 13,206 55,793 2,396 ll,6l0 6,806 10,153 18,447 6,845 7,472 5,619 4,199 14,639 S&LCLa MU. 1:1 is i :l 1:1 fM 1:1 t:S° 1:1 *M J:l &1 11 Total U.S. Govt, securities 595,953 44,26o 200,069 50,202 55,342 15,594 11,374 77,722 22,643 25,146 28,736 28,170 36,695 Other securities 7,301 1,000 5,250 1,000 - = - 51 = : 1 Total "bills and securities 1,021,152 76,056 309,733 S3,720 98,874 45,049 51,079 116,009 Dae from foreign banks 706 52 232 69 71 30 25 95 25 l6 21 21 1.J8 Uncollected items 663,567 72,385 192,85s 64,071 62,719 48,151 15,244 79,362 F. R. notes of other "banks 19,950 239 6,302 417 1,212 887 1,051 2,579 '871 lio37 1,932 342 3,081 Bank premises 59,561 3,580 15,664 2,6i4 7,059 3,204 2,658 8,295 3,811 2,018 3,972 1,876 4,810 All other resources 12,083 92 4,737 228 1,057 537 3,288 535 172 447 254 429 307 TOTAL RESOURCES 4,983,265 4IO,333 1,521,741 372,130 500,773 199,557 220,976 688,91 4198,490 125,613 204,874 130,070 409,794 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BA1JKS ON JULY 2, 1930 St. 66144c L I A B I L I T I ES (in thousands of dollars) i* Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 1,432,252 151,047 172,870 129,936 191,887 67,233 123,442 199,460 73,323 54,367 70,153 32,374 166,160 Deposits: Member bank - reserve account 2,406,376 153 ,661; ,010,281 138,634 197,319 61,1 61,4513 39,313 75,645 48,856 87,170 59,815 172,298 Government 24,899 1,97 2,742 1,477 i,4oo 3,861 2,623 4,623 1,417 990 922 1,518 1,3% Foreign tank 6,467 451 2,374 592 610 256 220 817 220 i4o 183 183 4a Other deposits 36,063 102 18,361 143 2,717 23 l44 5,695 489 202 67 24 8,036 Total deposits 2,473,805 156,1921 ,033,758 140,846 202,046 66,132 64,438 350,448 77,771 50,188 88,342 61,51*0 182,io4 Deferred availability items 615,924 69,483 165,023 57,120 60,687 47,061 14,801 76,547 29,913 9,975 32,654 22,179 30,481 Capital paid in 169,626 11,829 65,300 16,780 15,896 5,856 5,361 20,208 5,276 3,070 4,357 4,350 11,343 Surplus 276,936 21,751 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 1^.722 2L 4,789 483 1,116 IJ2 2.077 2.157 1.330 870 206 6q2 1QP TOTAL LIABILITIES 4,983,265 410,333 1,521,741 372,130 500,773 199,557 220,976 688,914 198,490 125,613 204,8741 30,0704 09,794 Reserve ratio (per cent) 80.7 82.5 81.2 80.5 82.7 73.7 76.1 80.2 76.2 69.4 72.4 63.5 85.2 Contingent liability on "bills purchased for foreign correspondents 481,269 35,547 158,942 46,596 48,037 20,176 17,293 64,369 17,293 11,<*9 l4,4li i4,4n 33,145 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R. agent 1,744,679 177,402 243,889 152,585 218,337 85,593 147,964 227,608 85,519 59,378 80,275 39,480 226,649 Held by Federal reserve bank 312,427 26,355 71,019 22,649 26,450 18,360 24,522 28,148 12,196 5,011 10,122 7,106 60,489 In actual circulation 1,432,252 151,047 172,870 129,936 191,887 67^233 123,442 199,460 73,323 54,367 70,153 32,374 166,160 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 402,908 35,300 229,968 39,900 15,550 5,000 7,100 - 8,945 11,845 14,300 35,ooo Gold fund - F. R. Board 1,165,106 119,617 28,62o 100,100 175,000 60,000 101,400 219,000 58,100 39,ooo 75,ooo 14,500 174,763 Eligible paper 375,900 30,716 69,465 30,535. 39,415 29,331 39,590 38,071 22.774 12,035 17,089 14,513 32,366 Total collateral 1,943,914 185,633 328,059 170,535 229,965 94,331 i4s,090 257,071 89,819 62,880 92,089 43,313 242,129 MATURITY DISTRIBUTION OF BILLS AND SHORT TOM SECURITIES Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days 91 days to Over 6 months 6 months Bills discounted 260,413 159,844 19,839 32,429 24,102 24,119 80 Bills bought in open market 157,485 92,947 31,189 28.6Q2 3,912 745 Digit C ize e d r fo t r i F f R i A c S a E t R e s and bills 311,903 31,188 43,1% 119,692 64,130 53,748 Municipal warrants 51 http://fraser.stlouisfed.org/ 51 Federal Reserve Bank of St. Louis