H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOB. THE PRESS Released for publication St. 6686 Friday morning, August 15, Federal Reserve Board not earlier August l4, 1930 CONDITION OF FEDERAL RESERVE EAMS The daily average volume of Federal reserve bank credit outstanding during the week ending August 13 as reported by the Federal reserve banks was $1,001,000,000, an increase of $13,000,000 compared with the preceding week and a decrease of $380,000,000 compared with the corresponding week of 1929. On August 13 total reserve bank credit outstanding amounted to $982,000,000, an increase of $42,000,000 for the week. This increaso corresponds with increases of $36,000,000 in member bank reserve balances and $5,000,000 in unexpended capital funds, etc., and a decrease of $5,000,000 in monetary gold stock, offset in part by an increase of $5,000,000 in Treasury currency. Holdings of discounted bills decreased $15,000,000 during the week, the principal changes being decreases of $13,000,000 at the Federal Reserve Bank of New York and $2,000,000 each at Philadelphia and Richmond and an increase of $2,000,000 at St. Louis. The System's holdings of bills bought in open market increased $20,000,000, of Treasury notes $13,000,000, of U. S. bonds $10,000,000 and of Treasury certificates and bills $7,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending August I3, I930 were as follows: Increase or decrease since Aug. 13, Aug. 6',. Aug. 1.4, 1910 1930 1929 ' (in millions of dollars) Bills discounted 191 - 15 -837 Bills bought 154 + 20 + 36 United States securities 606 + 30 +452 Other reserve bank credit 31 + 6 - 21 TOTAL RESERVE BANK CREDIT 982 + 42 -370 Monetary gold stock U.Ugg - 5 +139 Treasury currency adjusted 1,737 + 5 + 4 Money in circulation 4,437 -308 Member bank reserve balances 2^400 + 36 + 70 Unexpended capital funds, nonmember deposits,etc. 421 + 5 + 11 F. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, August 15; 1930; not earlier. St. 6686a RESOURCES JED LIABILITIES OF THE TWELVE FEDERAL RESERVE BALTICS CClvBHED (in thousands of dollars) Aug. 13.1950 Aug. 6.1930 Aug. l4. 1929 R E S O U R C ES Gold with Federal reserve agents . . .. 1,546,714 1,551,714 1,553,821 Gold redemption fund with U.S.Treasury . 36,352 36,816 75,494 Gold held exclusively against F.R.notes 1,583,066 1,588,530 1,629,315 Gold settlement fund with F. R. Board . 551,212 555*602 636,248 Gold and gold certificates held by banks 811,022 817,046 622,876 • Total gold reserves . . . . .. 2,945,300 2,961,178 2,938,439 Reserves other than gold 169,702 165,631 190,379 Total reserves 3,115,003 3,126,809 3,128,818 Non-reserve cash . . 66,856 63,436 63,139 Bills discounted: Secured by U.S.Government obligations 62,209 65,599 511,455 Other bills discounted 128,306 l4o,324 516,533 Total bills discounted . . .. 190,515 205,923 1,027,988 Bills bought in open market 154,328 133,571 117,385 U. S. Government securities: Bonds 59,608 49,650 42,673 Treasury notes . 291,617 278,307 89,053 Certificates and bills 255,112 248,267 .22,577 Total U.S. Government securities 6o6,337 576,224 154,303 Other securities g,472 7,272 10,650 Total bills and securities . . . 955,652 922,990 1,310,826 Due from foreign banks 703 705 723 Uncollected items 579,632 503,728 754,^8 F. R. notes of other banks 19,639 19,064 29,660 Bank premises 59,585 59,584 58,818 All other resources 15,617 14,442 I0,6l0 TOTAL RESOURCES 4,816,686 4.710,758 5,357,092 L I A B I LI T I ES F. R. notes in actual circulation . . . 1,332,991 1,338,774 1,815,378 Deposits: Member bank - reserve account . . .. 2,399,616 2,363,852 2,330,365 Government . . . .. 29,563 31,519 18,l6l Foreign bank 8,14-9 5,755 4,924 Other deposits 26,450 22,280 22,662 Total deposits 2,463,778 2,423,4o6 2,376,112 Deferred availability items 358,011 487,054 714,079 Capital paid in . . . . . . . . . .. 169,769 169,680 166,135 Surplus . 276,936 276,936 254,398 All other liabilities 15,201 14,908 30,990 TOTAL LIABILITIES 4,516,636 4,710,758 5,357,092 Ratio of total reserves to deposit and F. R. note liabilities combined . . , 82.0$ 83.1$ 74.6$ Contingent liability on bills purchased for foreign correspondents 430,094 483,454 441,924 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 13, 1930 R E S O U R C ES (In thousands of dollars) St. bbSob Total Boston New York Fhila. 01 eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Qy. Dallas San Fran. s i s s as " " I" - is ' i g " a " i a s " -a % " :S ^Pd EelnotS1USl"ely ^a i g S" 1,533,066 165,874 273,301 142,395 202,530 64,244 io4,420 195,430 66,793 47,236 76,542 23,225 221,016 a ss 5% sa s as ga s :% % : :# ^ * 55 Total reserves 3,115,002 234,397 982,977 231,1*09 341,983 95,397 133,853 458,667 104,954 67,089 118,356 51,551 294,369 Eon-reserve cash 66,856 5,558 17,301 3.561 3,820 4,327 5,l43 9,643 4,575 2,084 2,394 3,361 5,089 " r - " ? "- - "1'- i : Sj ; t - js as n 11 a as a: na a is Total Mils discounted 190,515 10,936 32,347 17,218 15,320 19,497 29,561 15,243 14,950 4,460 9,115 14,098 7,770 fells bought in open niarket 154,328 17,376 49,859 105 12,950 7,^2 8,104 15,253 7,976 6,065 8,255 5,621 15,282 « . .. I :§ ai ' 1 :1 si if 11 ' S :l £1 S :l S :1 S :§ Total U.S. Govt, securities 6o6,337 46,177 192,188 52,252 57,856 16,983 12,691 81,313 23,899 26,004 28,73o 29,229 39,009 Other securities 8,472 1,000 6,450 1,000 — • ~ % ~ — — ——— Total bills and securities 959,652 75,489 280,844 70,575 86,126 43,962 50,356 111,809 46,825 36,551 *6,106 48,948 62,061 68.396 156.30 K,7*S 56,612 Xo,579 15.3« 73.677 10,37* 35.l| aj.670 - II ' •! 4# -S :i ':I I# :# % -S •£ ; :§ TOTAL RESOURCES 4,816,686 381,784 1,466,899 360,444 499,94s 189,^08 211,470 665,478 186,815 H9,508 208,365 127,243 399,324 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES. AND LIABILITIES OF THE FEDERALRESERVE BMKS ON AUGU5T 13, 1930 St. 6686c (In thousands of dollars) L I A B I L I T I ES Total Boston Mew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans. Cy. Dallas San Fran. 1,332,991 135,667 151,665 127,032 192,687 62,198 114,356 174,772 66,913 49,159 69,445 31,959 157,138 F.R.notes in actual circulation Deposits: 2,399,6ib -48,701 995,673 I4O,OO7 200,196 63,016 58,356 352,520 74,912 48,222 88,265 58,5301 71,218 Meribsi' Traolc — reserve account 29,563 1,723 5,024 1,302 2,548 5,828 4,io4 3,554 1,007 767 1,179 1,565 902 F G o o r v e er ig n n m b en a t n k 2 8 6 , , 1 4 4 5 9 0 1) 3 0 2 2 1 4 3 , , 5 6 0 45 6 5S 1,6 5 9 43 9 22 7 8 3 1 6 9 4 5 4 7 7 2 3 7 0 1 2 9 6 5 2 1 1 2 7 5 9 1,2 1 9 6 3 3 16 23 3 7,8 3 0 75 2 Other deposits Deferred T a o v t a a i l l d a e b p i o li s t i y ts items 2,4 5 6 5 3 8 , , 7 0 7 1 8 1 1 5 6 0 1 , , 9 5 1 3 3 4 1,0 1 1 4 8 5 , , 8 6 4 9 8 1 I4 4 I 7 , , 9 3 0 3 4 7 2 5 0 5 4 , , 9 98 8 6 4 6 3 9 8 , ,9 14 9 5 3 1 6 5 3 , ,2 4 9 68 9 3 7 5 0 7 , , 8 5 0 3 7 1 7 2 6 5 , , 3 9 7 9 6 8 ^ io , , 2 o 9 o 3 4 9 3 0 4 , , 9 3 0 2 0 3 6 2 4 0 1 , , ,2 3 0 4 8 0 1 3 1 1 3 8 1 0 0 1 , , , 8 2 3 3 9 7 7 9 2 11,807 65,577 16,783 15,943 5,813 5,365 20,115 5,276 3,061 4,316 A S C u l a l r p o p i t l t h u a e s l r pa l id ia b in i lities 1 2 1 6 7 5 9 6 , / , 7 9 & 6 3 1 6 9 21,75 77 1 8 5 0 , , 1 0 1 01 7 26,9 4 6 2 5 3 2 1 9 ,2 ,l 0 4i 7 12,14 7 9 63 6 10 2 , ,1 85 2 7 5 40 2 , ,1 0 5 94 9 1 1 0 , , 3 8 7 77 5 7,1 8 4 4 3 s 9,1 2 6 1 2 9 8,9 7 3 2 5 4 19,5 l6 1 4 4 4,816,686 381,784 1,466,899 360,444 499,948 189,408 211,470 665,478 186,815 119,508 208,365 127,243 399,324 TOTAL LIABILITIES 82.0 81.8 84.0 86.0 86.0 72.6 75*3 86.2 73.2 68.1 73.8 55 "9 87.2 Reserve ratio (per cent) Contingent liability on bills pur- 480,094 35,548 157,755 46,597 48,038 17,294 64,372 17,294 il,o4g 14,412 l4,4i2 33,147 20,176 chased for foreign correspondents FEDERAL RESERVE NOTE STATEMENT F I e s d s e u r e a d l r to es e F r . v R e *b n an o k te s b ; y F.R,agent 1,696,121 170,927 248,026 147,929 222,170 81,053 139,693 202,186 83,107 55,468 79,881 38,526 7 2 0 2 , 7 0 , 1 15 7 5 363,130 35,26o 96,361 20,897 29,483 18,855 25,337 27,414 16,194 6,309 10,436 6,567 Held by Federal reserve bank 1,332,991 135,667 .151,665 127,032 192,687 62,198 114,356 174,772 66,913 49,159 69,445 31,959 157,138 In actual circulation Collateral held by agent as security for notes issued to bank: 14,300 35,000 Gold and gold certificates 402,908 35,300 229,968 39,900 15,550 5,000 7,100 - 8,945 11,845 179,763 28,626 100,100 185,000 58,000 95,100 194,000 56,100 34,500 75,000 8,000 Gold fund - F. R. Board 1,143,806 129,617 Eligible paper 322,231 28,233 63,253 16,408 26,517 26,733 37,575 30,326 22,844 10,470 17,313 19,634 22,925 1,868,945 193,150 321,847 156,408 227,067 89,733 139,775 224,326 87,889 56,815 92,313 41,934 237,688 Total collateral MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Over 6 months Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days ^1 Bills discounted 190,515 103,502 17,785 33,054 26,860 9,195 119 154,328 57,564 32,849 58,391 ' 5,24o 284 Bills bought in open market Certificates and bills 255,112 38,527 63,435 - 76,070 77,080 22 DMigituizendi cfoirp FaRlA wSEaRr rants 22 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis