H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PEESS Beleased for publication st. 6719 Friday morning, Sept. 12; Federal Eeserve Board, not earlier. September 11, 1930. COHDITIOM OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending September 10, as reported by the Federal reserve banks, was $11029,000,000, an increase of $1,000,000 comparqd with the preceding week and a decrease of $406,000,000 compared with the corresponding week of 1929. On September 10 total reserve bank credit amounted to $1,008,000, t)00, a de- Cre^ye *33,000,000 for the week. This decrease corresponds with a decrease of ^>47,000,000 in money in circulation and increases of $3,000,000 in monetary gold stock and $18,000,000 in Treasury currency, offset in part by an increase of $35,000,000 in member bank reserve balances. Holdings of discounted bills declined $48,000,000 during the week the principal changes being a decrease of $37,000,000 at the Federal Beserve Bank of Ilew York,$3,000,000 at Boston and'$2,000,000 each at Cleveland and Chicago. The System s holdings of bills bought in open market increased $20,000,000, of Treasury notes $1,000,000 and of Treasury certificates and bills $5,000,000, while holdings of United States bonds declined $6,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending September 10, 1930, were as follows: Increase or decrease since Sept. 10 Sept. 3 Sept. 11 1930 1930 1929 (in millions of dollars) Bills discounted 183 - 48 - 790 Bills bought 193 ,± 23 - 29 United States securities 602 + 443 - Other reserve bank credit 30 - 7 - 30 TOTAL BESERVE BANK CBEDIT 1,008 - 33 - 4o6 Monetary gold stock 4,504 + 3 + i4o Treasury currency adjusted 1,794 + 18 + 9 Money in circulation ' 4,465 - 47 - 325 Member bank reserve balances 2,428 + 35 + 6s Unexpended capital funds,nonmember deposits,etc. 4l] + 1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, September 12,1930; not earlier. St.6719a EESCUIO^S A'UB i:/311,1 "IBS 05* THE TWELVE 51D5E.XL RES-iELvE 34EES COMBIHED (In thousands of dollars) 'Sept. 10.1950 Sept. 5.1950 Sept.11.1929 R E S O U R C ES Gold with Federal reserve agents . . .. 1,550,956 1,564,956 1,560,899 Gold redemption fund with U. S.Treasury 35,375 35>391 71,232 C-old held exclusively against F.R.notes 1,536,331 1,600,347 1,632,131 Gold settlement fund with F. R. Board . 576,970 570,584 721,202 Gold and gold, certificates held "by "banks 796,299 763,657 6lS,402 Total gold reserves . . . . . .. 2,959,600 2,934,588 2,971,735 Reserves other than gold . 152,890 151,650 174,491 Total reserves . . .. 3,112,490 3,086,238 3,146,226 Non-reserve cash 72,4l2 6l,683 66,989 Bills discounted: Secured "by U.S.Government obligations 57,368 76,510 491,986 Other bills discounted 125,827 154,750 4gQ,,94l Total bills discounted 183,195 231,260 972,927 Bills bought in open market 193,120 170,395 222,229 U. S. Government securities: Bonds 58,074 64,056 42,665 Treasury notes 317,380 315,868 100,697 Certificates nad bills 226,579 222,120 15,655 Total U.S.Government securities 602,033 602,q44 159,017 Other securities 6,772 8,572 16,100 Total bills and securities . . . 985,120 1,012,271 1,370,273 Due from foreign banks . y 4 704 726 0 Uncollected items 538,643 566,693 713,383 F. R. notes of other banks 20 k)Q 18 550 27 902 Bank premises 59i642 59.609 52,868 All other resources 16,957 16,752 10,665 TOTAL RESOURCES . . .. 4,806,377 4,822,280 5,395,032 L I A B I L I T I ES F. R. notes in actual circulation . . . 1,351,250 1,367,619 1,864,148 Deposits: Member bank - reserve account . . .. 2,428,290 2,393,357 2 360 265 Government 21,176 34,059 ' 17)454 Foreign bank 6,528 6,498 6,622 Other deposits 20,639 20,082 iq,638 Total deposits 2,476,633 2,453,996 2,403,979 Deferred availability items 516,391 535,919 670,624 Capital paid in 169,830 l6q,7S6 166/733 Surplus 276,936 27§,936 254,398 All other liabilities 15,337 15,024 35,150 TOTAL LIABILITIES . . .. 4,806,377 4,822,280 5,395,032 Ratio of total reserves to deposit and F. R. note liabilities combined , . , 81.3$ go,8# 73»7$ Contingent liability on bills purchased for foreign correspondents 458,450 459,830 446,973 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON SEPTEMBER 10, 1930 z-_ , 1Q R E S O U R C ES dn thousands of dollars) st- b'19t) ta. With ^ e r a! reserve agents 1M S t .g " U g* Tg ^ 00 214,763 Gold, redemotion fund with U.S.Treasury jj *510 —! —•—— — ~ Secured "by U.S.Govt, obligations 57,368 6,5g 11,811 11.330 7,6l6 3 631 ^997 3.4,325 3.764 6,766 11,^6 5,233 : i : i =r is si :% -s ss :: ss sSss s s ts a r = : : r' as #i a as a a n % % &g % 11 s e ^ » e, ^ . « *.** *.*> » :* ^ r09 w9 Other securities 6,77?: 1^000 !t»7§0 1*000 1 —• " ~~ ^ ri, ahh ^ Wll. securities 985,120 80.230 270,114 71,389 91,596 4 ,4S3 55.106 113,6)0 51,352 37,814 H9.M 52,06^6 , ^ 7 e = F- || ' 1 1| :| |i if ' 1 : 1 1 1 11 "111 All other resources •LQ»v2f xxx ZJlz2 —— — — 1 ~ "" TOISL RESOURCES 4,806,377 372,769 1,477,681 355,482 4)7,595 185,437 a4,24o 642,902 187,697 124,813 203,511 131.065 413,185 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 10, 1930 L I A B I L I T I ES (In thousands of dollars) g%. 6719c Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 1,351,250 133,915 177,893 122,931 193,881 62,932 112,180 165,172 64,838 50,958 69,347 34,863 162,340 Deposits: Member bank - reserve account 2,428,290 146,589 1,005,362 143,089 203,477 63,403 60,934 346,603 77,533 50,436 87,444 59,834 183,586 Government 21,176 956 3,551 64§ 1,729 1,617 6,009 1,836 510 987 1,258 1,392 682 Foreign "bank 6,528 396 2,938 519 535 225 193 717 193 123 160 160 369 Other deposits 20,639 42 8,710 189 1,520 92 122 788 217 185 981 34 7,759 Total deposits 2,476,633 147,983 1,020,561 144,446 207,261 65,337 67,258 349,944 78,453 51,731 89,843 61,420 192,396 Deferred availability items 516,391 57,226 128,386 43,891 50,142 38,124 16,453 65,359 26,873 11,090 3Q,6i4 20,781 27,452 A S C u l a l r p p o i l t t u h a s l e r p l a i i a d b i i n l ities 1 2 1 6 7 5 9 6 , , , 3 8 9 3 3 3 0 7 6 1 2 1 1 , , 8 7 0 5 8 6 1 8 6 8 5 5 0 , , , 2 5 0 6 0 8 0 1 0 16,785 1 2 1 5 9 , , , 2 9 1 1 5 4 3 7 1 1 5 2 , , 7 4 7 9 § 5 7 6 1 1 5 0 2 , , , 3 1 8 5 3 5 5 7 7 4 2 2 0 0 , , , 1 1 0 5 8 9 3 0 4 1 1 5 0 , , ,3 8 2 7 6 8 7 8 8 3 7 , , 0 1 8 5 4 3 6 3 5 9 4 , , 1 3 2 6 2 1 2 8 7 __ 8 4 7 , , 9 3 09 3 5 5 7 1 1 9 1, , 3 5 1 5 1 2 9 4 4 TOTAL LIABILITIES 4,806,377 372,769 1,477,681 355,482 497,595 185,437 a4,24o 642,902 187,697 124,813 203,511 131,065 413,185 Reserve ratio (per cent) 81.3 79.9 85.1 85.O 84.7 70.0 72.7 84.3 70.6 68.5 70.8 54.8 86.9 Contingent liability on bills purchased for foreign correspondents 458,450 33,963 150,488 44,519 45,896 19,276 16,522 61,501 16,523 10,556 13,769 13,769 31,668 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank "by F.R. agent 1,736,973 171,166 298,063 145,020 225,232 82,101 136,774 192,175 80,178 55,732 81,480 42,461 226,591 Held by Federal reserve bank 385,723 37,251 120,170 22,089 31,351 19,169 24,594 27,003 15,340 4,774 12,133 7,598 64,251 In actual circulation 1,351,250 133,915 177,893 122,931 193,881 62,932 112,180 165,172 64,838 50,958 69,347 34,863 162,340 Collateral held by agent as security for notes issued to bank: G G o o l l d d f a u n n d d g - o F ld . R c . B er o t a i r f d i cates 1,1 4 0 4 1 9 , , 0 9 0 5 6 0 1 3 1 5 9 ,3 ,6 0 1 0 7 2 2 7 8 7 , , 6 0 2 1 6 0 1 3 0 9 0 ,9 ,1 0 0 0 0 1 1 8 5 5 , , 5 0 5 0 0 0 5 5 2 ,0 ,0 00 0 0 90 7 , , 1 1 0 0 0 0 - 1 8 8 4 ,9 ,0 45 00 49,100 1 3 1 3 , , 8 7 4 0 5 0 70,000 1 9 4 , , 0 3 0 0 0 0 3 1 5 7 , 9 0 ,7 00 6 3 Eligible paper 366,095 32,975 75,491 13,753 31,117 30,078 42,288 32,225 27,363 11,742 20,600 .22,750 25,713 Total collateral 1,917,051 187,892 381,127 153,753 231,667 87,078 139,^88 216,225 85,408 57,287 90,600 46,050 2^0,476 MATURITY DISTRIBUTION OF BILIS AND SHORT TERM SECURITIES Total WithinjL5 days 16 to 30 days 31 to 60 days 6l to 0 days ^ Over 6 months 9 B B i i l l l l s s b d o is u c g o h u t n t in ed open market 1 1 9 8 3 3 , , 1 1 2 9 0 5 . ,1 , 7 7 3 7 5 2 7 4 4, , 5 2 0 9 8 4 3 51 6 , , 6 4 6 2 6 1 1 1 7 2, , 7 9 5 4 0 2 4,6l6 147 DigM C itiz e eud r n f t oi i cr f Fi i pR c Aa a Sl E t rR e a s r r a a n n t d s bills 226,57 2 9 2 34,769 5 17,214 8 , 6 2 , 3 3 30 88,261 http://fraser.stlouisfed.org/ 22 Federal Reserve Bank of St. Louis