H.4.1 Factors Affecting Reserve Balances of Depository Institutions

SIAT2MEH? FOR IH" PRESS Released for publication st. 6657 Friday morning, July 18; Federal Reserve Board not earlier July 17, 1930 CONDITION OF FEDERAL RESERVE BAjrfcs Die daily average volume of Federal reserve "banii-credit outstanding during tne week ending July l6j as reported by the Federal reserve "banks was $1,014,000,000, a decrease of $61,000,000 compared with the preceding week and of $399,000,000 compared with the corresponding week of 1929. On July 16 total reserve hank credit outstanding amounted to $1,000,000,000 a decrease of $12,000,000 for the week, 3his decrease corresponds with a decrease of $41,000,000 in the amount of money in circulation and increases cf $15,000,000 in Treasury currency and $4,000,000 in monetary gold stock, offset in part by increases of $43,000,000 in member bank reserve balances and $4,000,000 in unexpended capital funds, etc. Holdings of discounted bills decreased $29,000,000 during the week, the principal decreases being $16,000,000 at Hew York, $6,000,000 at Cleveland, and $4,000,000 at Boston. The System's holdings of bills bou#it in open market increased $20,000,000 and of Treasury notes $10,000,000 while holdings of U. S. bonds declined $4,000,000 and of Treasury certificates and bills $19,000,000[ Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending July 16, 1930, were as follows: Increase or decrease since July 16 July 9 July 17 .... 1930 1930 1929 (in millions of dollars) Bills discounted 207 - 29 - 877 Bills bought 1569 + 20 + 101 United States securities ll - 14 + 424 Other reserve bank credit + 11 - 20 TOTAL RESERVE BAH CREDIT 1,000 - 12 - 371 Monetary gold stock 4,540 + 4 + 200 Treasury currency adjusted 1.796 + 15 - 1 Money in circulation 4,447 - 4l - 302 Member bank reserve "balances 2,460 + 108 Unexpended capital funds, nonmember deposits, etc. 428 + 21 W. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, July 18, I93O; not earlier St.6657a RESOURCES AND LIABILITIES OF !3HE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands^ of dollars) July 16.1910 July 9. 1910 R E S O U R C ES Gold with Federal reserve agents . . . . . 1,572,914 1,597,514 1,494,374 Gold redemption fund with U.S.Treasury . , 36,714 36,675 79,607 Gold held exclusively against F.R.notes. 1,609,628 1,634,189 1,573,981 Gold settlement fund with F. R. Board , , 583,052 569,123 610,822 Gold and gold certificates held "by banks . 818.06% 814,819 745,073 Total gold reserves ^ . . 3,030,745 3,018,131 2,929,876 Reserves other than gold . . . . 166,490 159,635 167,800 Total reserves . . . . . .. . 3,197,235 3,177,766 3,097,676 Non-reserve cash 68,547 ^ 67,962 79,275 Bills discounted: Sec. by U.S. Government obligations . 70 ,^T 90,952 611,162 Other bills discounted 136,173 145,363 472,538 u Total bills discounted 207,030 236,315 1,083,700 pills bought in open market 168,667 148,945 67,638 U. S, Government securities: Bonds . , 42,900 46,708 42,669 Treasury notes . 243,696 233,534 97,181 Certificates and bills 290,522 310,338 13,265 Total U. S. Government securities . 577,118 590,580 153.115 Other securities 7,301 7,301 10,255 Total bills and securities , . . 960,116 983,l4i 1,314,708 Due from foreign banks 705 704 729 Uncollected items . . . .. 670,370 596,535 797,832 F. R. notes of other banks . . . . .. 22,169 20,017 24,294 Bank premises . 59,561 59,561 58,6l4 All other resources 12.596 12,257 7,846 TOTAL RESOURCES 4,991,299 4,917,943 5,380,974 L I AB I L I T I ES F. R. notes in actual circulation . . . 1,382,349 i,4o6,6oo 1,801,225 Deposits: Member "bank - reserve account . . .. 2,460,457 2,417,306 2,352,081 Government 16,629 30,105 12,567 Foreign bank 6,247 5,666 8,138 Other deposits 32*324 28.036 21.198 Total deposits 2,516,257 2,481,113 2,393,984 Deferred availability items 568 , 542 742,129 Capital paid in 169,554 161,547 Surplus . . . J ' 276,936 276,936 254,398 All other liabilities . . . , 14.728 15,198 27,691 TOTAL LIABILITIES 4,991,299 4,917,943 5,380,974 Ratio of total reserves to deposit and F. R. note liabilities combined . . .. 82. < 81. 73,i Contingent liability on bills purchased for foreign correspondents 478,082 477,930 442,526 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

. ... RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON JULY l6, 1930 St.66570 R E S O U R C ES (In thousands of dollars) Total Boston New York Riila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. tit ^ ^ T Bn1noS1'1Sl',ely aRatn3t 1,609,628 165,900 273,397 142,448 197.580 66,339 105,669 210.478 68,816 48,736 76.564 27.685 226.016 sss a% aa ss £% %% i:& ^ ^ as Total gold reserves 3.030,74 5 228,691 985,025 222,835 322.548 88,439 119,261 *7,809 99,184 69,094 112,749 48,213 286,897 Reserves other than gold 166,490 12,542 49,683 8,043 8,938 8,311 15.947 20,396 12,997 M60 5^92 i i i f f. Total reserves 3.197.235 241,233 1,034,708 230,878 331,486 96,750 135,208 468,205 112,181 73.454 118.741 56.146 298,2 5 Non-reserve cash 68.547 5,873 16,037 3,504 5.347 4,237^ 5.572 9.747 4,589 1,763 2,087 3,941 5.850 sSBK&r— .«£>s aa s s £ * -x ta sz .s a as ss Total tills discounted 207,030 ll,4i6 31,445 23,584 24,106 18,305 3°, l46 18,475 l6,4o6 4,118 10,085 11,007 7,937 5,902 5,290 15,814 Bills Souiht in open market 168,667 19,266 51.483 926 14,015 8,108 9.492 23.317 6,998 S.O56 S £ " T" *6 ,g Eg £ II *g lg ^ 3m57 . 8, 313 462 m & 18,712 11,709 9,239 16*670 10,618 17,521 Total U. S. Govt, securities 577,112 44,260 180,663 50,202 55,3%2 15,59% U.950 77,782 22,643 25,081 28,736 28,170 36,695 OthiCeri soeocuu vruit.i Jes. U 7 ,o3 0;1 T1, 0v0 0» s 5,250 '1 ^,0 0*0 - -— - : —: 51 — —— — . . , \ \ r Total "bills and securities 960,116 75,942 268,84l 75,712 93,^63 42,007 51,588 119,57% 46,047 37,306 44,723 44, 67 60, ^ H E- M i l M t l M M lM rorn RESOURCES 4,991,299 397,528 1,533.610 369.439 508,833 196.022 217,389 694.525 197,641 128,897 210,924 130,043 4o6,44s Digiwtiz.e d for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND" LIABILITIES' OF' THE _F EDERIL RESERVE 1B2MS ON JULY 16 , "1930 : L I A B I L I T I ES St.6657c (in thousands of dollars) ratal Boston How York Phi la. Clove. El oh. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 1.382.349 146,590 160,639 125.675 139.029 63,851 119,000 191,910 70.923 53,269 69,57s Deposits: 31,534 160,371 Member "bank - reserve account Government 60,622 173,279 " I I " '! ' ' ™ :| " " 'g " 'i 1 :8 V S, IS " • ;§ » - SS Foreign bank 558 1,079 Other deposits 183 421 27 7,663 Total deposits 1! ! lf l jg 111 I i ll 61,390 182,442 Deferred availability items Capital paid in 23.169 32,611 Surplus 4,349 U,343 All other liabilities 8,935 19,514 666 167 TOTAL LIABILITIES 4,991,299 397,528 1,533,610 369,439 508,833 196,022 217,389 694,525 197,641 128,897 210,924 130,043 406,448 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 ity c o e n nt ) b ills pur- 82.0 81.3 85.2 84.1 83.6 73.1 74.5 85.1 75.0 69.2 73.8 6o.4 87.0 chased for foreign correspondents 478,082 35,547 155,755 46,596 48,037 20,176 17,293 64,369 17,293 11,049 i4,4li l4,4li 33,145 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R. agent 1,742,958 179,796 Held by Federal reserve bank 360,609 11.206 245,397 150,284 224,590 84,547 142,922 220,115 84,446 57,797 81.536 40,037 231,491 84,752 24.609 15.561 20.716 21.922 28.205 13,523 4.528 11.958 8.501 71.120 In actual circulation 1,382,349 146,590 160,639 125,675 189,029 63,831 119,000 191,910 70,923 53,269 69,578 31,534 160,371 Collateral hold 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 Gold fund - F. R. Board 1,170,006 129,617 28,626 100,100 180,000 11,845 14,300 35,000 Eligible paper 341,543 30,603 55,463 23,016 33,900 60,000 96,300 209,000 58,100 36,000 75,000 12,500 184,763 26,166 39,561 41,627 23,335 12,097 15,928 16,224 23,623 Total collateral 1,914,457 195.520 314.057 163,016 229.450 91,166 142,961 250.627 90,380 59,942 90,92s U3.02U 2 4 3^ uATURITT DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total Within 15 days 91 days to 16 to 30 days 31 to 60 days 6l to 90 days 6 months Over 6 months Bills discounted 207,030 111,996 20,542 29,521 26,343 Bills boiL^it in open market 168,667 86,909 18,510 118 40,109 23,831 15,590 Certifiestos and bills 290,522 2,228 Municipal warrants 48,027 117,402 76,265 48,828 51 Digitized for FRASER 51 w http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis