H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR BE PRESS Released for publication g gyvg t Friday morning, Sept. 19; federal Reserve Board not earlier. September IS, 1930 CONDITION OF FSHSIAL RESERVE BAMCS The daily average volume of Federal reserve bank credit outstanding during ending September 17, as reported by the Federal reserve banks, was a decrease of $21,000,000 compared with preceding week and ot f4jo»000,000 compared with the corresponding week of 1929. On September 17 total reserve bank credit amounted to $1,003,000 000 the same amount as was outstanding a week ago. Increases of $28,000,000 in member bank reserve balances and $4,000,000 in unexpended capital funds, etc., were offset by increases of $22,000,000 in Treasury currency and $4 000 000 in monetary gold stock and a decrease of $6,000,000 in the amount of money in circulation. * . Holdings of discounted bills declined $20,000,000 during the week, the amount of reserve bank credit outstanding and in related items during the week and the year ending September 17, 1930, were as follows: Increase or decrease since Sept. 17 Sept. 10 Sept. 18 1?30 1930 1929 (In millions of dollars) Bills discounted 163 - 20 - 771 Bills bought 209 + 16 " 32 United States securities 610 + 8 + 432 Other reserve bank credit 26 - 4 - 3% TOTAL RESERVE BAM CREDIT 1,008 - 405 Monetary gold stock 4,508 +" 4 + 139 Treasury currency adjusted 1,816 + 22 + 31 Money in circulation 4,459 - 6 - 305 Member bank reserve balances 2,456 + 28 1 Unexpended capital funds, nonmember deposits, etc. 417 + 4 : W. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, September 19,1930;not earlier. St.6726a RESOURCES AND LIABILITIES OF THE TliiELVE FEDERAL RESERVE BAMS COMB DIED (In thousands of dollars) Sept. 17,1910 Sept. IQ.lQln Sept.lg.lQ2Q H E S O U R C ES Gold with Federal reserve agents . . .. 1,548.956 1,550,956 1,546,555 Gold redemption fund with U.S.Treasury ! 35,875 35,375 67,195 Gold held exclusively against F.R.notas 1,584,831 1,586,331 1,613,750 Gold settlement fund with F. R. Board 580,999 576,970 730,013 Gold and gold certificates held by banks 809,810 796,299 645,637 Total gold reserves 2,975,640 2,959,600 2,989,400 Reserves other than gold 151,828 152,890 166,731 Total reserves . . .. 3,127,468{ 3,112,490 3,156,131 Eon-reserve cash . . . .. 66,471' 72,412 69,423 Bills discounted: Secured by U.S.Government obligations 45,582 57,368 438.35S Other bills discounted 117,567 125,827 495.^8 Total bills discounted . . 163,149 183,195 933,916 Bills bought in open market . . .. ; 208,861 193,120 241,103 U. S. Government securities: Bonds 38,085 58,074 42,653 Treasury notes ] 295,261 317,380 94,983 Certificates and bills . . . . 277,037 226,579 39,968 Total U. S. Government securities 610,383 602,033 177,609 Other securities . . . . .. 7,022 6,772 15,050 Total bills arid securities . . 989,415 985,120 1,367,673 Due from foreign banks Uncollected items [ 701 704 727 722,305 538,643 885,916 F. R. notes of other banks Bank premises * 23,939 20,409 25,046 All other resources . . .. 59,642 59,642 58,890 11,442 16,957 10,079 TOTAL RESOURCES . . . . 5,001,383 4,806,377 5,573,890 L I A B I L I T I ES F. R. notes in actual circulation . . 1,349,329 1,351,250 1,847,427 Deposits: ; Member bank — reserve account . .. Government 2,456,282 2,428,290 2,381,364 ; Foreign bank 3,706 21,176 13,449 Other deposits . . . . .. 5,774 6,528 7,658 19,784 20.639 25,979 Total deposits . . .. 2,485,546 2,476,633 2,428,450 Deferred availability items . . . Capital paid in 704,476 516,391 841,196 Surplus . 169,872 169,830 166,716 All other liabilities , . . . 276,936 276,936 254,398 15,224 15,337 35,703 TOTAL LIABILITIES . 5,001,383 4,806,377 5,573,890 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 81.6$ 81.3% 73.8$ Contingent liability on bills purchased for foreign correspondents 433,843 458,450 448,503 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 17 1930 R E S O U R C ES (In thousands of dollars) ' gt. 6726b Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran SSI ^ gg *>•% 1°-™ ^3.300 a u .% Gold held exclusively against F' R' notes 1,584,831 155,741 320,175 142,164 202,339 58,779 102,315 185,298 54,742 46,395 71,512 24 44i 220 930 K-XH *•%. I-M« s - j i 'i ir sa s is a as • «: t -a % » • »: Total fiold reserves 2,975,64o 214,241 996,411 230,976 321,901 79,143 117,895 419,464 90,352 65,532 io4,3a 48,3)2 287 172 Reserves other than gold. 151,828 13,408 36,858 8,246 6,858 8,498 12.916 23.352 11.171 4.713 6,052 6.685 n!o71 Total reserves 3.127,468 227,64; 1,033,269 239,222 328,759 87,641 130,811 442,816 101,553 70,245 110,373 54^887 300*243 G6.471 6,005 18.875 3,610 4,495 3,826 4,553 9.630 4,072 1.592 2,111 2,821 4*881 o t ^ t u La£G^ ; e dh l l s a t l o ns u i Mi ,s*?2f z -% .2-2? „ ® ?•?« -2-^ . 355 1,970 i ^ l H9 u * J.U , 0^ / Total tills discounted 163,149 9,966 21,603 14,670 11,810 18,947 24,716 11,097 17,858 4,237 8.835 12,786 6,624 Bills "bought in open market 208,861 21,821 59,599 104 21,762 11,186 13,045 21,208 10,389 7,893 13,002 9,020 19,832 U. S. Government securities: Bonds 38,085 756 2,187 64o ,2 37 1,176 34 20,017 523 4,588 42 7,842 43 Treasury notes 295,261 25,314 68,550 28,123 36,533 8,808 8,168 34,991 16,623 13,299 15,990 12,880 25,982 Certificates and "bills 277,037 20,106 124,653 23,489 21,085 6,998 4,501 27,190 6,753 8,067 12,704 8,507 12,984 Total U.S. Govt, securities A 7tf7 ).£ n -7<r Other securities 7,022 1,000 5,000 1,000 ~ , 22 Total hills and securities 989.415 78,963 281,592 68,026 91.427 47,115 50,464 114,503 52.146 38,106 50,573 51*035 65_465 Due from foreign hanks 701 52 22? 68 71 30 25 4 26 l6 ?l 9? ko 9 EeE::™- II %'if " 1 11 !'if I| "f 1 .f is TOTAL RESOURCES 5,001,383 390,912 1,552,262 377,812 507,781 196,761 212,374 680,803 190,671 127,997 207,740 139,541 416,729 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H50URCBS' "Mir LraBTLI TIES OF "T0B EEDEIRAIf - BES^VE - MKES- QfcJSEPQBlBWBk 17, L I A B I L I T I ES (In thousands of dollars) St. 6726c Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans. Cy. Dallas San Fran. F.R.notes in actual circulation 1,349,329 132,219 190,021 123,499 188,341 63,763 112,049 162,188 64,423 52,108 68,022 34,633 158,063 De M p0 em si b t e 6 r : b . a o n h k e c reserve acccunt cLH*yo, p « " O d 150,i4o 1,022,204 145,514 201,620 63,321 59,900 356,2q2 76,962 50,9^7 87,731 6l,o43 180,608 Government deposits 3,706 t 83 181 167 97 278 482 247 208 211 70 276 i,4o6 Foreign bank 5,774 396 2,184 519 535 22' 193 717 193 123 160 160 369 Other deposits 19,784 33 7,759 57 1,451 11 159 600 299 198 896 49 8,169 Total de-posits 2,485,5^6 150,652 1,032,32s 146,257 203,703 63,938 60,734 357,856 77,662 51,^79 88,857 61,528 190,552 Deferred availability items 704,476 74,413 179,010 63,842 69,461 49,918 21,273 98,391 31,050 13,376 37,197 ,389 37,156 Capital paid in 169,872 11,807 65,566 16,798 15,952 5,880 5,357 20,165 5,251 3,054 4,328 1 ,355 U,359 Surplus 276,936 21,751 80,001 26,965 29,i4I 12,496 10,857 4o,094 10,877 7,143 9,162 8,935 19,514 All other liabilities 15,224 70 5,336 451 1,183 766 2,104 2,109 1.408 837 174 701 TOTAL LIABILITIES 5,001,383 390,912 1,552,262 377,812 507,781 196,761 212,374 680,803 190,671 127,997 207,740 139,541 416,729 86.1 Reserve ratio (per cent) 81.6 so.5 84.5 88.7 S3.9 68.6 75-7 85.1 71.5 67.8 70.4 57.1 Contingent liability on "bills purchased for foreign correspondents 433.843 32,555 138,647 42,674 43,993 18,477 15,838 58,951 15,838 10,119 13,198 13,158 30,355 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.agent 1,764,965 168,902 334,999 144,512 222,752 83,253 136,093 190,446 79,087 56,775 80,584 42,056 225,506 Held by Federal reserve bank 415,636 36,683 144,978 21,013 34.411 19,490 24.044 28.258 14,664 4,667 12,562 7,423 67,443 In actual circulation 1,349,329 132,219 190,021 123,499 188,341 63,763 112,049 162,188 64,423 52,108 68,022 34,633 158,063 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 449,950 35,300 277,010 39,900 15,550 5,000 7,100 - 8,945 11,845 - 14,300 35,000 Gold fund - F. R. Board 1,099.006 119,617 28,626 100,100 185,000 52,000 93,100 184,000 44,ioo 33,700 70,000 9,000 179,763 Eligible paper 351,695 31,708 65,468 13,486 31,788 29,602 37,643 32,l4l 28,110 11,961 21,749 21,691 26,348 Total collateral 1,900,651 186,625 371,104 153,486 232,338 86,602 137,843 216,l4i 81,155 57,506 91,749 44,991 24i,ill MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days 6 months Over 6 months Bills discounted 163,149 93,177 20,549 29,955 15,380 3,941 147 Bills bought in open market 208,861 83,508 73,576 41,058 10,546 173 Certificates and bills 277,037 45,000 96,539 3,500 131,998 Municipal warrants 22 22 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis