H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS Released for publication st. 6705 Friday morning, August 29; Federal Reserve Beard not earlier. August 28, I930 CONDITION OF FEDERAL RESERVE BANKS Daily average volume of Federal reserve credit outstanding during the week ending August 27> as reported by the Federal reserve banks, was $983 000 000 a decrease of $21,000,000 compared with the preceding week and of $363 000 000 compared with the corresponding week of 1929. ' ' On August 27 total reserve "bank credit amounted to $984,000,000, a decrease of $2,000,000 for the week. This decrease corresponds with increases of $11,000,000 in monetary gold stock and $2,000,000 in Treasury currency offset in part by an increase of $6,000,000 in money in circulation and of $5 000 000 in member bank reserve balances. ' Holdings of discounted bills decreased $3,000,000 during the week, the principal changes being decreases of $3,000,000 at the Federal Reserve Bank of Richmond and $2,000,000 at St. Louis and an increase of $2,000,000 at Boston. The System's holdings of bills bought in open market increased $4,000,000 and of Treasury certificates and bills $2,000,000, while holdings of Treasury notes declined $3,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending August 27, I930, were as follows: Increase or decrease since Aug. 27 Aug. 20 Aug. 28 1930 1910 1Q2Q Bills discounted 193 - 781 Bills bought 163 + 6 United States securities 602 + 457 Other reserve bank credit 25 16 TOTAL RESERVE BANK CREDIT 984 - 2 Monetary gold stock 4,504 + 11 Treasury currency adjusted 1,790 + 2 Money in circulation 4,448 + 6 - 300 Member bank reserve balances 2,419 + 5 + U3 Unexpended capital funds,nonmember deposits,etc. *4ll + 2 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publicatian $>1day morning, August 29,1930; not earlier. St. 6705a RESOURCES AND LIABILITIES OF THE TUfBL'VE FEDERAL RESERVE BASKS COMBINED (in thousands of dollars) Aug. 27,1930 log. 20.1910 Aug. 23.1929 R E S O U R C ES Gold with Federal reserve agents . . .. 1,575,256 1,537,714 1,565,163 Gold redemption fund with U.S. Treasury 25,919 35,819 67,213 Gold held exclusively against F.R.notes 1,611,175 1,573,533 1,632,376 Gold settlement fund with F. R. Board . 56s,304 558,821 719,608 Gold and gold certificates held "by banks 776,453 *807,065 610,115 Total gold reserves 2,955,932 *2,939,419 2,962,099 Reserves other than gold . 163,721 *167,638 186,939 Total reserves 3,119,653 3,107,057 3,149,038 Non-reserve cash 70,310 67,042 63,248 Bills discounted: Secured "by U.S.Government obligations 62,197 63,876 469,396 Other "bills discounted 131,07s 132,303 504,231 Total "bills discounted . . . 193,275 196,179 973,627 Bills "bought in open market . . . . .. 163,274 158,922 156,514 U. S. Government securities: Bonds 75,827 75,682 42,678 Treasury notes 302,045 304,678 91,073 Certificates and "bills 224,o4l 221,580 11,570 Total U.S.Government securities 601,913 601,940 145,321 Other securities 8,572 7.922 16,100 Total bills and securities . . . 967,034 964,963 1,291,562 Due from foreign banks . . . . . . .. 702 702 724 Uncollected items , 505,962 54s,4o4 615,326 F. R. notes of other banks 19.240 18,527 32,669 Bank premises 59,609 59,606 58,860 All other resources . 16,733 16,548 10,569 TOTAL RESOURCES 4,759,243 4,782,849 5,222,496 L I A B I L I T I ES F. R. notes in actual circulation . . i,337,24s 1,323,708 1,829,372 Deposits; Member bank - reserve account . . .. 2,418,875 2,413,559 2,305,598 Government 25,988 30,093 17,400 Foreign bank 5,549 5,563 5,130 Other deposits . 19,657 19,852 19,380 Total deposits . . .. 2,470,069 2,469,067 2,347,50S Deferred availability items 489,721 528,326 591,537 Capital paid in 169,765 169,783 166,740 Surplus . 27f,936 276,936 254,398 All other liabilities . . 15,444 15,029 32,941 TOTAL LIABILITIES 4,759,243 4,782,849 5,222,496 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 81.9# 81.9# 75.4$ Contingent liability on bills purchased for foreign correspondents . . . .. 471,522 478,315 447,977 •Revised figures e Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BASTES OU AUGUST 27, 1930 6705b st> G^old redempt ion fu#nd with U.S.Trea#sury £ZlZ±2 # ^ *22 — # # ## Hon-reserve cash (u,.5 u ' ' 4,259 816 7.396 2,710 505 1,63% 2.195 2,i44 3 : aADs™c : ur;ea.f u s y u^u = ^w v. r il lli®at l°ns la 131 s :073 ss A7 T ^ i s :^ i 7'.° s u& * 6 s ',2 % ss 16,3 69 28,7%2 8,526 11,696 3,833 7,166 12,072 5,374 20,628 29,558 15,922 l4,4o6 4,338 8,800 14,267 7,518 9,535 9,601 17,650 8,320 6,956 10,073 6,734 17,294 u. S. Gowrmaent securities; 3^63 15,445 3,3% 3,658 2,195 1,068 24,531 1,761 6,118 1,494 9,498 2,550 -.. B .f o re n d d M s 3 ff 0 g 2 r ' , a 0 p 4 t 5 es 224.04l 2 2 2 0 , , 0 2 3 8 % 0 1 6 0 3 8 ,4 ,8 7 3 0 1 2 it 4 -, , 3 5 5 51 5 2 3 2 1 , . 4 7 2 7 7 1 6 7 , , 7 7 6 2 6 2 7 3 , , 7 96 01 6 2 2 8 8 , , 0 5 5 4 6 1 1 6 5 , , 3 8 2 1 8 0 1 8 1 . ,2 7 5 8 6 9 1 1 3 3 , , 8 4 2 1 6 6 1 8 0 , . 7 9W 91 1 a 4 ,4 ,9 9 6 7 2 601,913 %.177 187,7% 58.52 57,356 . 1.6 „,933 12,735 81,128 23,899 26,163 - - 28,736 29,229 39,009 22 ; : : L, s ^ m es 9 6 ? :^ *>:«, ^ 3 7 .^ ^ ^ .aa 63 EeEF^- il *1 ll "$ 1:1111 If 1 1 1 11 m °a e7 r— k. %, 365.4 1 ,^ 3^ ^.303 »*.» 205.3*3 653,139 *30.1,1 ^,015 m Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOUSCES AMICABILITIES OFTEE ITDEtftE BESESVE -BAiiHCS^ GK AUGUST 27 , 1930 - • - St. 6705c (In thousands of dollars) L I A B I L I T I ES Dallas San Fran. Boston New York Fhila. C9lleve. Rich. Atlanta Ch ic5ago St.Louis Minn. Kans.Cy. 8 Total 33,336 158,023 l-M 1:38 ; *$2:22 1::: I:| 132,770 170,717 124,158 190,845 62,535 112,210 169,862 65,674 48,552 68,506 F.R.notes in actual circulation 1,337.248 Deposits: 58,470 179,626 2,418,875 Member bank - reserve account 2,182 1,871 Government 25,988 163 375 lto2 1,907 526 543 228 19| 727 195 125 163 Foreign "bank 1 5 9 , ,6 54 5 9 7 22 7,822 44 1,527 74 58* 210 163 1,190 a 7,374 Other deposits Total deposits 2,470,069 144,023 1,025,693 1^,594 203,124 64,698 61,579 361,547 7 2 8 4 , , 5 1 2 01 9 9 5 , 0 3 , 1 2 8 22 2 8 6 9 , , 4 9 2 7 4 8 6 2 0 1 , , 8 9 3 64 6 2 1 5 8 , 9 7 , 1 2 6 4 6 489,781 55,001 127,738 *40,020 49,023 37,930 13,194 59,352 Deferred availability items 5,264 3,o6l 4,316 4,358 11,358 S C u a r p p i l t u a s l paid in 1 % 69,76 - 5 M 1 2 1 1 , , 8 7 0 51 6 6 8 5 5 0 , , . 5 0 2 7 0 to 9 1 1 4 2 8 6 6 , 4 7 ,9 8 6 3 5 1 5 1 2 , . 9 9 2 5 1 ,i 6 4 4l 5 7 1 , 6 2 7 4 , 9 4 8 9 6 10 5 2 , , , 3 8 1 6 5 3 7 7 6 2 4 2 , 0 1 0 , 6 0 ,1 4 9 2 4 0 1 1 0, . 8 M 7 7 7 8 7 5 , 5 143 2 9 0 .1 ^ 62 8,9 r 3 2 5 2 1 1 5 9 8 ,5 14 102 iAll other liabilities 4,759,243 365,453 1,474.966 3^,004 1189,303 184,2a 205,343 653,139 185,842 119,151 198,653 130,151 404,015 TOTAL LIABILITIES 73.5 85.5 74.0 67.5 72.3 57-0 87.7 81.9 79.5 85.2 85.9 85.2 69.5 Reserve ratio (per cent) C c o h n a t s in ed g e f n o t r l f i o a r b e i i l g i n ty c o o n r r b e i s l p l o s nd p e u n r t - s 471,522 35,395 150,573 46,397 47,831 20,089 17,219 64,094 17,219 11,001 l4,350 14,350 33,004 FEDERAL RESERVE BOTE STATEMENT F I e s d s e u r e a d l r to es e F r . v R e .b a n r o ik te s b : y F.R.agent 1,7 3 3 9 6 9 , , 7 5 7 2 2 4 17 3 1 8 , , 7 9 0 3 8 8 124,860 2 1 2 4 . 7 9 , 2 0 1 79 3 2 2 2 , 3 6 ,4 4 8 2 7 8 1 0 8 , , 7 2 7 4 6 1 1 3 2 7 4 , , 0 8 1 0 1 1 2 1 9 9 , 9 1 , 5 01 4 6 1 8 5 1 , , 6 2 0 8 9 3 5 5 3 , , 3 92 7 4 2 8 1 0 1 , , 1 6 7 1 8 2 1( 7 0 . , 1 4 5 9 5 1 6 2 8 2 . 6 2 , 1 2 9 4 2 Held by Federal reserve bank 33,336 158,023 1,337,248 132,770 170,717 124,158 190,845 62,535 112,210 169,862 65,674 48,552 68,566 —«• •'In actual circulation Collateral held by agent as security for notes issued to banks 14,300 35,000 449,950 35.300 277,010 39,900 15,550 5,000 7,100 8,945 11,845 G G o o l l d d a fu n n d d g - o F ld . R ce . r B t o i a f r i d c ates 1,125, , 3 2 0 4 6 1 12 3 9 1 , , 6 7 1 5 28 9 , , 6 37 26 7 1 1 0 5 0 ,0 ,1 4 0 3 0 2 1 8 8 5 ', , 9 0 4 0 5- 0 5 2 2 9 , .4 0 6 00 3 9 3 1 9 , . 1 0 0 6 0 3 1 3 8 3 9 ,4 ,0 0 0 1 0 5 22 6 . ,1 6 0 35 0 1 3 1 2 ,2 ,0 4 0 1 0 1 7 8 5 , , 8 0 1 0 2 0 2 7 0 , . 0 8 0 4 0 2 2 1 4 7 , 9 6 , 9 76 3 3 Eligible paper 1,910!497 196',643 365',013 155!o43 229',495 86,463 137,263 222,4oi 87^80 55,086 93,812 42,142 239,456 Total collateral MATURITY DISTRIBUTION OF BILL SAND SHORT TERM SECURITIES 91 days to Over 6 months l6 to 30 days 31 to 60 days 6l to 90 days g months Total Within 15 days l4o Bills discounted 193,275 107,399 16,85 3 M 39,215 23,271 6,397 163,274 53,960 Bills bought in open market 80,089 224,o4i g® ^ B . | Certificates and bills 5 5 Municipal warrants 22 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis