H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR TEE PH3S$ Released for publication St. 6673 Friday morning, August 8, Federal Reserve Board not earlier August 7, 153O CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending August 6, as reported by the Federal reserve banks < was $988,000,000, an increase of $$4,000,000 compared with the preceding week and a decrease of $401,000,000 compared with the corresponding week of 1929. On August 6 total reserve bank credit outstanding amounted to $940,000,000, an increase of $13,000,000 for the week. This increase corresponds with an increase of $40,000,000 in money in circulation and declines of $22,000,000 in monetary gold stock and $3*000,000 in Treasury currency, offset by a decrease of $51 >000,000 in member bank reserve balances. Holdings of discounted bills increased $9,000,000 during the Week, the principal changes being an increase of $12,000,000 at the Federal Reserve Bank of New York and a decrease of $3,000,000 at Cleveland. The System's holdings of bills bought in open markst increased $3,000,000 and of Treasury notes $1,000,000, while holdings of certificates and bills declined $1,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending August 6, 1930 were as follows: Increase or decrease since Aug. 6, July 30, Aug. 7, 1930, 1910 1929 (In millions of dollars) Bills discounted 206 + 9 - 858 Bills bought 134 + 3 + 55 United States securities 576 - + 413 Other reserve bank credit 25 + 2 - 27 TOTAL RESERVE BANK CREDIT 940 +13 - 413 Monetary gold stock 4,494 -22 + 147 Treasury currency adjusted 1,782 - 3 + 8 Money in circulation 4,437 -t4o - 304 Member bank reserve balances 2,364 -51 + 4i Unexpended capital funds,nonmember deposits,etc.4l6 + 6 - F. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, August 8,1930; not earlier. St. 6673a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE 3AUKS COMBINED (In thousands of dollars) Aug. 6.1330 July 30.19% Aug* 7.1929 R E S O U R C ES Gold with Federal reserve agents . . . . 1,551,714 1,553,214 1,485,822 Gold redemption fund with U.S. Treasury 36,816 36,814 71.173 Gold held exclusively against F.R.notes 1,588,530 1,590,028 1.556,995 Gold settlement fund with F. R. Board . 555,6o2 589,700 675,762 Gold and gold certificates held "by "banks 817,046 825,254 707.275 Total gold reserves . . . .. 2,961,178 3.004,982 2,9k),032 Reserves other than gold . 165,631 173,206 183,314 Total reserves 3,126,809 3.178.188 3,123,346 Non-reserve cash . 63,436 68,210 61,766 Bills discounted: Secured by U.S.Government obligations 65,599 66,676 582,250 Other bills discounted l4o,324 130.425 481,820 Total bills discounted . . .. 205,923 197,101 1,064,070 Bills bought in open market . 133,571 130,76 2 79.158 U« S. Government securities: Bonds 49,650 49,714 42,659 Treasury notes 278,307 276,897 94,182 Certificates and bills 248.267 249,757 >30.759 Total U.S. Government securities 576,224 576,368 157,600 Other securities 7.272 7.323 10,600 Total bills and securities . . .. 922,990 911.554 1,311,428 Due from foreign banks 705 706 722 Uncollected items . 503.728 510,430 634,153 F. R. notes of other banks . . . . .. 19,064 18,912 30,488 Bank premises 59.584 59,584 58,818 All other resources 14,442 14.037 10.482 TOTAL RESOURCES 4,7io,75S 4,76l,6si 5,231,203 L I A B I LI T I ES F. R. notes in actual circulation . . . 1,338,774 l,335,l4l 1,811,038 Deposits: Member bank - reserve account . . . i 2,363,852 2,415,285 2,322,858 Government . . 31.519 26,146 24.734 Foreign bank 5.755 6,434 6,2%g Other deposits . . . 22,280 21,006 23,466 Total deposits . . . . .. 2,423,4o6 2,468,871 2,377,306 Deferred availability Items . . . .. 487,054 495,807 593,734 Capital paid in 169,680 169,716 165,0% 276,936 276,936 254,398 All other liabilities . . . . . . . .. 14,908 15,150 29,682 TOTAL LIABILITIES . . . .. 4,710,758 4,761,621 5,231,2# Ratio of total reserves to deposit and F. R. note liabilities combined . . , 83.1# 83.5# 74.6# Contingent liability on bills purchased for foreign correspondents 483,454 478,027. 462,606 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BAMS OB AUGUST 6, 1930 St. 667Tb R E S O U R C ES (in thousands of dollars) Total Boston Hew York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. twii^c San Fraz Gold with Federal reserve agents 1,551.714 164,917 258,594 l4o,000 195,550 63,000 105,200 199,000 65,045 46,345 75,000 24.300 214 763 Gold redemption fund with U.S. Treasury 36,816 983 14,803 2,448 2.030 l,34l 2,269 1,478 1,771 891 1,564 985 S.&l Gold held exclusively against F. R. notes 1,582.530 165,900 273,397 142,448 197,580 #4,34l 107,469 200,47s 66,816 47,236 76,564 25,285 221,016 Gold settlement fund with F. R. Board 555,602 31,178 135,608 4l,08l 72,438 13,936 11,378 129,797 22,1*02 14,083 33,540 11,594 38 567 Gold and gold certif. held by banks 817,046 31,795 497,118 34,3l6 57,136 9,811 5,283 120,367 10,943 5,197 8.262 9,743 27.'o75 Total fiold reserves 2,961,178 228,873 906,123 ^7,8^ 327,154 88,088 124,130 450,642 100,l6l 66,516 118,366 46,622 286,658 Reserves other than gold 165,631 12,378 46,586 9,291 8,438 8,799 15,363 22,625 12,795 4,971 5,471 6,959 11.955 go%l reserves 3.126,809 24i,25i 952,709 227,136 335,592 96,887 139,493 473,267 112,956 71.487 1 23,837 53,581 298,613 Non-reserve cash 63,436 6,060 14,721 3,6l4 3.387 4,453 4,963 9,826 4,175 1,960 1,988 3,524 4,965 Bills discounted: Secured by U.S. Govt, obligations 65,599 4,737 19,101 10,283 8,370 4,786 915 7,243 2,864 524 2.062 1850 2 864 Other bills discounted l4o,324 5,405 26,056 9.178 "* " ••• ' ' J ' 1 -/» J J Total bills discounted 205,923 10,142 45,157 19,461 16,111 21,285 28,920 15,817 13,325 4,423 9,370 13.253 8,659 Bills "bought in open market 133.571 16,250 44,84o 599 11,939 5,907 6,464 13,243 5.898 5,382 5,723 4,266 13,060 U. S. Government securities; Bonds 49,650 1,296 9,797 1,052 765 1,313 163 20,681 654 4,797 357 8,313 462 Treasury notes 272,307 17,471 106,652 21,913 28,677 6,532 6,809 23,984 14,686 10,134 l2,4o4 9,678 19,367 Certificates and bills 243,267 25,492 64,027 27,237 25,900 7,749 4,452 32,892 7,303 10,195 15,975 10,179 16,866 Total U.S. Govt, securities 576,224 44,259 180,476 50,202 55,342 15,594 11,424 77,557 22,643 25,126 28,736 28,170 36,695 Other securities 7.272 1,000 5,250 1,000 22 Total hills and g e ^ m es 922,990 71,651 275,723 71,262 83,39 2 42,786 46,808 106,617 4l,866 34,953 43,829 115,689 58 4l4 Due from foreign banks 705 5 2 2 6 8 71 30 25 95 25 16 21 21 ' 4o 23 E e E r "" II '4 ' 11 " 11 ! ' il 11 - 11 - 11 TOTAL RESOURCES 4,710,758 377,519 1,408,082 352,135 479,506 187,197 211,654 662,524 182,583 121,129 206,521 124,470 397,438 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOraGES' MD LIABILI-TIES' OF---THB';;MI®RAT» 'RESERVE'BAKES CM AUGUST 6, 1930 St. 6673c (In thousands of dollars) L I A B I L I T I ES Minn. Kans.Cy. Dallas San Fran. Total Boston New York Ehila, Cleve. Rich. Atlanta Chicago St.Louis 50,176 69,840 32,069 159,081 1,338,774 139,346 155,352 123,898 135,279 62,512 115,34l 177,106 68,774 F.R.notes in actual circulation Deposits: 49,496 88,394 57,678 170,681 2, 363,852 147,232 957,562 138,290 196,944 64,828 60,095 361,891 70,761 Member tank - reserve account 1,196 1,229 447 31,519 2,615 8,284 3,400 1,894 4,483 3,719 2,142 1,374 F G o o r v e er ig n n m " e b n a t n k 2 5 2 , , 7 2 5 8 5 0 40 4 2 o 2 , 9 1 ,8 13 3 5 7 26 138 2,1 5 8 43 6 67 2 4 2 4 8 o 195 7 5 2 8 7 5 1 3 9 1 5 2 1 1 2 9 5 5 I 16 3 3 2 3 8 7 ,3 5 9 7 Other deposits Total de-posits 2,423,4o6 150,289 977,796 142,354 201,567 69,606 64,455 365,345 72,642 51,012 8^,338 59,1021 79,900 Deferred availability items 487,054 54,191 124,367 4ij6i 46,486 35,972 13,520 57,799 23,639 8,883 33,655 19,325 27,456 169,680 11,862 65,577 16,713 15,876 5,828 5,365 20,1a 5,276 3,062 4,316 4,341 11,343 Capital paid in A Su ll r o p t l h us e r liabilities 2 1 7 4 6 . ,9 9 3 08 6 8 2 0 1 ,751 8 4 0 , ,0 98 0 9 1 4 1 2 t4 6 ,965 2 1 9 , , 1 1 5 4 7 1 12,4 Z 96 ll 10 2 , ,1 8 1 57 6 4 2 0 . , 0 0 5 9 9 4 1 1 0, , 8 2 7 7 7 5 7,1 8 4 5 3 3 9.1 2 6 1 2 0 8,9 6 3 9 5 8 19>gX 121,129 206,5a 124,470 397,438 TOTAL LIABILITIES 4,710,758 377,519 1,408,082 352,135 479,506 187,197 211,654 662,524 182,583 83.1 83.3 84.1 85.3 86.8 73.3 77.6 87.2 79.9 70.6 77.8 58.8 88.1 Reserve ratio (per cent) Contingent liability on bills pur- 483,454 35,780 159,016 46,901 48,3*51 20,308 17,407 64,791 17,407 ll,ia 14,505 14*905 33,362 chased for foreign correspondents FEDERAL RESERVE NOTE STATEMENT Federal reserve notes; Issued to F.R.bank hy F.R.agent 1,697,223 171,629 247,574 i46,54o 220,796 82,347 1*40,oa 206,350 80,653 55,383 79,075 38,427 228,428 5.207 9,235 6.358 69,347 Held by Federal reserve bank 358,449 32,283 92,222 22.642 35,517 19,835 24,680 29,244 11,879 1,338,774 139,346 155,352 123,898 185,279 62,512 115,341 177,106 68,774 50,176 69,84o 32,069 159,081 In actual circulation 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 35,000 Gold fund » F. R. Board l,l4s,8o6 129,617 28,626 100,100 180,000 58,000 98,100 199,000 56,100 34,500 75,000 10,000 179,763 Eligible paper 315,999 26,313 70,698 17,968 26,765 27,145 35,299 28,890 19,144 9.740 15,041 17.399 a,597 41,699 236,360 1,867,713 191,230 329,292 157,968222,315 90,145 140,^99 227,89084,189 56,085 ?0,04l Total collateral MATURITY DISTRIBUTION OF BILLS AHD SHORT TERM SECURITIES , 91 days to Over 6 months Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days g months Bills discounted 205,923 115,967 19,021 34,083 26,593 10,144 115 Bills bought in open market 133,571 65.%9 17,497 43,651 6,836 128 71,070 68,855 Certificates and bills 248,267 29,577 78,765 22 Municipal warrants 22 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis