H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOB EE PRESS Released for publication ^ u CONDITIO!" OF FEDERAL RESERVE BANKS mmwwmsL Increase or decrease since Aug. 20 Aug. 13 Aug. 21 1930 1930 1929 (In millions of dollars) Bills discounted Bills bought 196 + 5 -790 159 + 5 + 27 United States securities 602 - 4 +4 3 Other reserve tank credit 5 29 - 2 - 13 TOTAL RESERVE BANK CREDIT 986 + 4 Monetary gold stock -323 Treasury currency adjusted M93 + 4 +139 1,7 SS + 1 + 5 Money in circulation Member tank reserve balances 4,442 + 5 -304 2,4i4 +14 +122 Unexpended capital funds,nonaiembcr deposits,etc. 4ll -10 + 1 W. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, August 22,1930; not earlier. St. 6693a RESOURCES JU!JD LIABILITIES OP THE T13ELVE FEDERAL RESERVE BALKS COMB HIED (In thousands of dollars) / 20,1930. Aug. 13.1930 Aug. 21. 1929 R E S O U R C ES Gold with Federal reserve agents . . .. 1,537,714 1,546,714 1,561,563 Gold redemption fund with U.S. Treasury 35,819 36,352 67,745 Gold held exclusively against F.R.notes 1,573,533 1,583,066 1,629,308 Gold settlement fund with F.R. Board . . 558,821 551,212 716,863 Gold and gold certificates held "by "banks so 811.022 608,017 Total gold reserves 2,938-^997x^2,945,300 2,954,188 Reserves other than gold . . . . . . .. lSsroQ^naB 169,702 188,626 Total reserves . . . . 3,107,057 3,115,002 3,l42,8l4 ITon-reserve cash 67,042 66,856 58,782 Bills discounted: Secured oy U.S.Government obligations 63,876 62,209 448,120 Other bills discounted . . . . . . .. 132,303 128,306 538,258 Total bills discounted . . .. 196,179 190,515 986,378 Bills bought in open market 158,922 154,32s 132,137 U. S. Government securities: Bonds 75,682 59,608 42,693 Treasury notes 304,678 291,617 90,943 Certificates and bills . . . . . .] 221,580 255,112 14,971 Total U.S. Government securities . 601,940 606,337 148,607 Other securities 7,922 8,472 15,950 Total bills and securities . . . 964,963 959,652 1,283,072 Dae from foreign banks 702 703 724 Uncollected items ! ! 548,4o4 579.632 680,191 F. R. notes of other banks 18,527 19,639 32,318 Bank premises 59,606 59,585 58,818 All other resources . . .. 16,548 15,617 10,484 TOTAL RESOURCES 4,782,849 4,816,686 5,267,203 L I A B I L I T I ES F. R. notes in actual circulation . . . 1,323,708 1,332,991 1,822,853 Deposits: Member bank - reserve account . . . . 2,413,559 2,399,616 ,292,032 Government 30,093 29,563 18,468 Foreign bank * ' 5,563 8,I4 7,142 Other deposits . . . . . . .. 9 19,852 26,450 19,531 Total deposits 2,469,067 2,463,778 2,337,173 Deferred availability items 528,326 558,011 654,838 Capital paid in 169,783 169,769 166,217 Surplus ' * 276,936 276,936 254,39s All other liabilities . . . . !' 15,029 15,201 31,724 TOTAL LIABILITIES . . .. 4,782,849 4,816,686 5,267,203 Ratio of total reserves to deposit .and F. R. note liabilities combined . . . 81. c 82. ( 75.5% Contingent liability on bills purchased for foreign correspondents 478,315 480,094 442,66s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AITD LIABILITIES OF THE FEDERAL RESERVE BAMS ON AUGUST 20, 1930 St. 6693b (in thousands of dollars) kf 7 a R E S O U R C ES % "SE iW ?i i:°i 6'.ni Total Boston Hew York Phila. Clevs. 1,537,714 164,917 25.8,59% 140,000 200,550 Gold with federal reserve agents 35,519 lot/870 14,588 2,245 1,861 UiFa 5 Gold redemption fund with U.S.Treasury Gold held ATCliisivel% against ^ ^ 273,182 142,245 202,411 61,471 102,317 195,329 66,75^, >*.701 76,5a a,8^7 220,93>t T. R. notes 1,573,533 165,787 9,009 5,552 122,150 17,pis/ 12,931 27,930 15,537 39.^77 #171,370 47s,345 71a,635 # § a # # #a Gold settlement fund wi*feh E. R. Board 552,321/ 17,527 500,064 32,336 55,788 L710 116.26] f Gold and gold certif. held "by hanks — Total gold reserves H 0 nX 7 2^73T7 ?2t1 2? ,>3Q97 ij>&,oG©- 13,026 Reserves other than gold Total reserves 3,107,057 225,423 17,348 4,217 4,483 4,270 4,951 10,100 \ 4,325 1,675 67,042 5,794 <•11 Non-reserve cash 497 1,714 1,606 2,271 Bi S ll e s c d ur is ed co "b u y n t U ed .S : .Govt, obligations 63,876 7,227 16,774 9 7 . , 1 4 3 6 6 8 7 5 , , 9 8 9 0 3 3 1 5 7 , , 5 9 3 3 5 6 29,1 8 8 4 3 3 7 8 , .3 1 4 63 6 3 1 , 3 0 , 6 8 7 0 3 3,923 7,249 12,379 5,357 Other "bills discounted 132,303 5,596 15,260 4,420 8,963 13,985 7,628 Total bills discounted 196,179 12,823 32,034 i6,6o4 13,796 23,521 30^026 1 2 5 1 , , 5 7 0 0 9 4 1 8 6 ,3 ,8 5 7 5 0 6,698 9,629 6,574 16,873 158,922 18,349 37,203 103 15,150 8,867 9,417 Bills "bought in open market 5,944 1,494 9,498 2,550 XJ. S. Government securities: 15,445 3,345 3,658 2,495 1,098 24,531 i,76i 75,682 3,863 28,522 15,905 11,360 l4,oo4 11,059 21,679 B T o r n e d a s s ury notes 304,678 20,563 6 1 3 0 ,0 9 1 ,2 0 9 2 1 4 2 ,3 4 2 ,5 0 87 3 2 2 2 , . 0 1 6 3 7 1 7 Q ,8 ,b 2 6 0 8 3 , 7 9 , ) 8 7 2 1 28,165 6,233 &.67S 13,238 8.672 14.780 221,580 21,751 Certificates and bills 1S7.7H6 52,252 57^56 16,983 12,856 81,218 23.899 25.979 28^736 29^29 39,009 601,940 46,177 Total U.S. Govt, securities 7,922 1,000 5,900 1,000 Other securities 47,32s 49,788 63,510 86,802 49,371 52,299 118,431 49,124 37,119 Total bills and securities 964,963 78,349 -262,883 69,959 i i l Mi a a 49 702 52 228 69 30,592 19,739 29,377 Dae from foreign banks 142,269 49,094 548,4o4 58,228 2.192 352 2,05s Uncollected items 18,527 231 4,552 466 3,972 1,876 4,846 F.,R. notes of other banks 15,664 2,6I4 . 241 sos 3o4 59.606 3,579 Bank premises 16,54s 103 8,666 231 All other resources 4,782,8X9 371,759 1,%W62 358.365 *,6,763 188,085 208,315 669 M 190,090 120,132 a*,653 128,870 W.H52 TOTAL RESOURCES Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE HAnnrs CU AUGUST 20, 1930 L I A B I LI T I ES (In thousands of dollars) st. 6693c Total Boston Hew York Fhila. Cleve. Rich. Atlanta Chicago St.Lpuis Minn. Kans.Cy. Dallas San Fran.• F.R. notes in actual circulation if323,70S 133,1*40 157,237 124,169 185,629 61,980 113,335 172,299 66,678 48,890 69,296 33,276 157,779 Deposits: Member "bank - reserve account 2,413,559 1^5,992 988,078 l43.H0 205,587 64,236 60,161 356,477 76,902 48,910 88,747 58,795 176,564 Government 30,093 1,002 3,038 1,297 2,l4l 4,474 810 7,628 3,318 849 2,622 1,086 1,828 Foreign bank 5,563 402 1,921 526 543 228 195 727 195 163 163 375 Other deposits 19,852 71 8,39% 49 1,388 87 272 572 202_ 1U7 1,287 26 7,357 Total deposits 2,469,067 147,467 1,001,431 11*4,982 209,659 69,025 61,438 365,404 80,617 50,031 92,819 60,070 186,124 Deferred availability items 528,326 57,534 132,704 45,016 55,216 37,984 15,206 69,354 25,285 10,119 28,860 a, 518 29,530 Capital paid in 169,783 11,806 65,579 16,783 15,948 5,812 5,365 20,115 5,267 3,o64 4,316 4,358 11,370 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 15,029 61 5,010 445500 1,170 788 2,114 2,137 1,366 885 200 713 135 TOTAL LIABILITIES 4,782,849* 371,759 1,441,962 358,365 496,763 188,085 208,315 669,1403 190,090 120,132 204,653 128,870 4o4,452 Reserve ratio (per cent) 81.9 80.3 85.5 86.1 85.5 68.5 73.7 85.0 73.1 67.8 73.0 57.5 87.0 Contingent liability on bills purchased for foreign correspondents 478,315 35,548 155,976 46,597 48,038 20,176 17,294 64,372 17,294 11,049 i4,4i2 14,412 33,147 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.agent 1,716,691 171,049 267,296 148,670 224,676 81,227 138,724 200,058 81,940 53,807 80,170 39,504 229,570 Held by •Federal reserve bank 392,983 37,909 110,059 24,501 39,047 19,247 25,389 27,759 15,262 4,917 10,874 6,228 71,791 In actual circulation 1,323,708 133,i4o 157,237 124,169 185,629 61,980 113,335 172,299 66,678 48,890 69,296 33,276 157,779 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 i4joo 35,ooo Gold fund - F. R. Board 1,134,806 129,617 28,626 100,100 185,000 55,000 93,100 194,000 56,100 32,000 75,000 6,500 179,763 Eligible paper 338,948 31,093 56,794 15,485 27.556 32,007 39,348 37,o4l 25,149 n,o42 13,537 20,508 . 24,388 Total collateral - — —: : ^ V — : c--Tij<DO 1,876,662 196,010 315,388 155,485 228,106 92,007 139,548 231,o4i 90,194 54,887 , 93,537 4i,308 239,151 MATURITY DISTRIBUTION OF BILLS JED SHORT TERM SECURITIES Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 91 days to 6 months 6 months Bills discounted 196,179 108,988 17,726 37,689 24,259 7,402 7,402 115 Bills bought in open market 158,922 41,413 33,015 76,634 7',,442255 435 Certificates and bills 221,580 45 54,172 -,a4 8-1,570 79,579 Municipal warrants 22 Digitized for FRASER 22 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis