H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS Released for publication St. 6649 Friday morning, Jul;' 11; Federal Reserve Board not earlier July 10, 1930 CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve, "bank credit outstanding during the week ending July $, as reported by the Federal reservb batiks, was $1,075,000,000, an increase of $44,000,000 compared With the preceding week and a decrease of $336,000,000 compared with the corresponding week of 1929. On July 9 total reserve bank credit outstanding amounted to $1,012,000,000, a decrease of $58,000,000 for the week. This decrease corresponds with decreases of $65,000,000 in the amount of money in circulation and $9,000,000 in unexpended capital funds, etc., offset in part by an increase of $11,000,000 in member bank reserve balances, and a decrease of $5,000,000 in Treasury currency. Holdings of discounted "bills decreased $24,000,000 during the week, the principal decreases "being $9,000,000 at San Francisco, $4,000,000 at Philadelphia, and $3,000,000 at Richmond. The System's holdings of "bills bought in open market declined $8,000,000, of U. S. "bonds $1,000,000, of Treasury notes $3,000,000 and of certificates and bills $2,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending July 9, 1930, were as follows: Increase or decrease since July 9 July 2 July 10 1930 1929 (In millions of dollars) Bills discounted 236 24 - 917 Bills "bought 149 8 + 83 United States securities 591 5 + %55 Other reserve "bank credit 36 20 - 19 TOTAL RESERVE BANK CREDIT 1,012 58 - 398 Monetary gold stock 4,536 + 208 - Treasury currency adjusted 1,781 5 - 3 Money in circulation 4,4gg 65 - 329 Member "bank reserve "balances Hll 11 + li4 Unexpended capital funds, nonmember deposits, etc. 9 + 21 W. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, July 11, 1930; not earlier St.6649a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE 3.AITKS COMBINED (In thousands of dollars) July 9. 1910 July 2,1930 July 10.1929 R E S O U R C ES Gold with Federal reserve agents . . .. l, 597,51^ 1,568,014 1,439,492 Gold redemption fund with U.S.Treasury . 36,675 36,675 82,335 Gold held exclusively against F.R.notes 1,634,189 1,604,689 1,521,827 Gold settlement fund with F. R. Board . 569,123 610,593 600,666 Gold and gold certificates held by "banks 814,819 778,127 779,324 Total gold reserves 3,018,131 2,993,409 2,901/817 Reserves other than gold 159,635 157,835 160,222 Total reserves . . 3,177,766 3,151,244 3,062,039 Non-reserve cash 67,962 55,002 71,099 Bills discounted: Sec. "by U. S. Government obligations . 90,952 105,234 650,390 Other bills discounted . .. 145,363 155,179 502,651 Total bills discounted 236,315 260,413 1,153,041 Bills bought in open market 148,94$ 157,485 65,976 U.S. Government securities: Bonds 46,708 47,531 42,668 Treasury notes . 233,534 236,519 82,816 Certificates and bills 310,338 311,903 10,660 Total U. S. Government securities . 590,580 595,953 136,144 Other securities 7,301 7,301 10,665 Total bills and securities . . . 983,141 1,021,152 1,365,826 Due from foreign banks 704 706 729 Uncollected items 596,535 663,567 693,749 F. R. notes of other banks 20,017 19,950 22,702 Bank premises . . 59,561 59,561 58,614 AH other resources 12,257 12,083 7,710 TOTAL RESOURCES 4,917,9^3 4,983,265 5,,282,468 L I A B I L I T I ES F. R, notes in actual circulation i,4o6,6oo 1,432,252 1,833,004 Deposits: Member bank - reserve account . 2,417,306 2,4o6,376 2,302,874 Government 30,105 24,899 27,555 Foreign bank 5,666 6,467 5,567 Other deposits 28.036 36,063 23,715 Total deposits 2,481,113 2,473,805 2,359,711 Deferred availability items 568,542 615,924 649, s&s Capital paid in 169,55^ 169,626 158,797 Surplus 276,936 276,936 254,39s All other liabilities . . . 15.198 14,722 26,710 TOTAL LIABILITIES 4,917,943 4,983,265 5,282,468 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 81. 7# 80.7$ 73.0# Contingent liability on bills purchased for foreign correspondents . . . . . 477,930 481,269 44o,592 W. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

St.bb49t) HBSOURCBS £HD HABILITI IS OF GEE FEDERAL RESERVE BACK'S* OIPJUET" 9» 1930 (in thousands of dollars) R E S O U R C ES Dallas San Fran. Hew York Ehila. Cleve. Rich. Atlanta Chicago St. Iouis Minn, Kans.Cy. Total Boston 28,800 229,763 258,594 140,000 190,550 65,000 109,500 219,000 67,045 49,3,45 75,000.• Gold with, Federal reserve agents 1,597,514 164,917 889 6.261 Gold redemption fund with U.S. Treasury 36,675 1,020 Gold held exclusively against 29,689 236,024 F.R. notes 1,634,189 165,937 273,446 142,514 192,628 66,499 111,299 220,513 68,830 50,239 76,571 12,731 39,537 41,707 80,806 17,349 10,540 139,717 22,448 15,151 27,579 Gold settlement fund with F. R.Board 569,123 37,198 124,360 384 27,489 Gold and gold certif. held "by "banks 814,819 31,516 506,500 30,985 54,982 9,597 7,601 111,235 10,516 5,011—9,803 52,004 303,050 Total gold reserves 3,018,131 234,651 904,306 215,206 328,416 93,445 129,440 471,465 101,794 70,401 113,953 6.783 10.561 8,549 8,859 7.754 15.012 18.435 12,823 3,622 6,012 Reserves other than gold 159,635 11,462 49,763 74,023 119,965 58,787 313,611 Total reserves 3,177 ,766 246,113 954,069 223,755 337,275 101,199 144,452 489,900 n4,6l7 2,084 1,914 3,930 4,978 67,962 5,039 18,828 3,651 3,644 4,189 5,737 9,201 4,767 Nonreserve cash Bi S ll e s c d u i r s e c d o b u y n t U e . d S : .Govt, obligations 90,952 29,964 12,007 19,368 2,780 1,307 9,589 3,713 556 Other "bills discounted 145,363 17,290 13,631 10,597 16,809 27,633 9,167 12,843 1,495 Total "bills discounted 236,315 15,447 47,254 25,638 29,965 19,589 28,940 18,756 16 , 556 4,051 11,178 10,549 8,392 Bills "bought in open market 148,945 15,149 54,712 1,987 10,207 6,384 8,475 17,706 5,996 6,369 4,695 4,368 12,897 U. S B . o G nd o s v ernment securities: 46,708 1,758 3,391 1,426 1,244 1,467 6,4 2 4 00 5 2 2 1 1 ,2 ,6 9 3 2 7 8 l 0 4 3 ,1 06 9 5 , , 3 21 8 1 8 11,2 6 1 6 4 2 8 8 , , 5 9 0 2 5 6 18,2 7 4 4 6 9 C Tr e e r a t s i u f r i y c a n t o e t s e s a nd "bills 2 3 3 1 3 0 , , 5 3 3 3 4 8 1 2 5 6 ,6 ,8 6 3 8 4 1 7 1 4 6 , , 7 5 1 2 1 2 2 2 0 8 , ,3 45 2 4 2 2 6 2 , 7 8 , 0 29 6 2 5 , 8 9 , 3 1 3 9 4 4,723 34,703 7,734 10,715 16,860 10,739 17,700 28,736 28,170 36,695 11,368 77.632 22,643 Total U.S. Govt, securities 590,580 44,260 194,624 50,202 55,342 15,594 1,000 Other securities Total "bills and securities 983,141 75,856 78,827 95,514 41,567 48,783 114,094 45,195 35,785 44,609 231 Due from foreign "banks 21,296 32,262 18,217 11,522 35,595 Uncollected items 596,53 5 63 , 543 155,736 1,820 539 2,974 F. R. notes of other "balks 20,017 4,394 1,118 2,018 4,810 Bank premises 59,561 15,664 All other resources 12,257 4,874 1,455,636 360,183 502,1^ 201,532 224,252 701,117 196,126 1 27,336 208,154 129,970 4l6,990 TOTAL RESOURCES 4,917,943 394,493 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES LIABILITIES OF" THE FEDERAL RESERVE BANKS ON JULY 9,' 1930 St.6649c L I A B I L I T I ES (in thousands of dollars) Total Boston New York Ehila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 3F.Il.notea in actual circulation 1,406,600 145,590 164,709 125,366 193,333 65,275 121,522 196,259 71,953 53,990 70,767 32,491 165,345 Deposits: Member bank - reserve account 2,417,306 I49,2M53 9i76 ,7^40 139,413 203,065 65,121 ^ 62,661 367,82 3 y76,2:5 5 50,059 89,265 60,158 177,493 Government 1,276 1,618 1,746 2,009 Foreign "bank i4o 183 183 421 Other deposits 28,036 90 14,096 l4p 3,169 108 104 487 365 169 100 21 9,177 Total deposits 2,481,113 152,o4s 996,787 143,864 208,273 69,980 66,862 371,034 78,237 51,644 91,166 62,118 189,100 Deferred availability items 568,542 63,224 143,908 46,708 54,354 47,136 17,549 71,346 28,4i4 10,656 32,499 21,279 31,469 Capital paid in 169,554 11,829 65,278 16,780 15,896 5,845 5,359 20,190 5,276 3,066 4,342 4,350 11,343 Surplus All other liabilities 276,936 21,751 80,001 26,965 29,i4I 12,496 10,857 40,094 10,877 7,143 9,162 8,' 15,198 51 4,953 500 1,157 2QQ ?,103 ?,IQ4 1 — 218- TOTAL LIABILITIES 4,917,943 394,493 1,455,636 360,183 502,154 201,532 224,252 701,117 196,126 127,336 208,154 129,970 416,990 R C e o s n e t r i v n e g e r n a t t i l o ia .( b p i e l r i t c y en o t) n bills pur- 81.7 82.7 82.1 83.1 84.0 74.8 76.7 86.4 76.3 70.1 74.1 62.1 88.5 chased for foreign correspondents 477,930 35,547 155,603 46,596 48,037 20,176 17,293 64,369 17,293 11,049 l4,4n i4,4n 33,145 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.agent 1.750,561 175,295 245,704 150,614 222,873 85,098 146,431 227,439 85,533 58,809 82,255 4o,347 230,163 Held by Federal reserve bank 343,961 29,705 80,99 5 25,248 29,540 19.823 24.909 11.180 11.R80 4.819 11.488 7 8%6 A4 • 11/ r _i v .1 , . In actual circulation i,4o6,6oo 145,590 164,709 125,366 193,333 65,275 121,522 196,259 71,953 53, 990 70,767 32,491 165,345 Collateral held by agent as security for notes issued to bank: Gold arid 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 1,194,606 129,617 28,626 100,100 175,000 60,000 102,400 219,000 58,100 37,500 75,ooo 14,500 194,763 Eligible paper 346,764 30,517 66,748 25,974 39,642 25,^5 27,336 36,302 22.401 10,353 15,812 14.869 21.172 Total collateral 1,944,278 195,434 325,342 165,974 230,192 90,555 146,836 255,302 89,529 59, 698 90,812 43,669 250,935 MATURITY" DISTRIBUTION C 1 BILLS AND SHORT TERM SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 236,315 137,809 20,196 32,150 26,328 19,725 107 Bills bought in open market 148,945 90,897 31,137 21,029 3,715 2,167 Certificates and bills 310,338 29,757 43,080 119,657 74,070 43,774 Digiti M zed u fo n r i F c R i A p S a E l R w arrants 51 51 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis