H.4.1 Factors Affecting Reserve Balances of Depository Institutions

T STATSaQNT FOE THE PRESS Released for publication st. 67U1 Friday morning, Oct. y, Federal Reserve Board not earlier October 2, 1930 CONDI TIOH OF FEDERAL RESERVE BAMS The daily average volume of Federal reserve tank credit outstanding during the week ending October 1, as reported Ty the Federal reserve banks, was $1,012,000,000, an increase of $13,000,000 compared with the preceding week and a decrease of $431,000,000 compared with the corresponding week in 192.9. On October 1, total reserve bank credit amounted to $1,010,000,000, an increase of $19,000,000 for the week. This increase corresponds with an increase of $58,000,000 in money in circulation, offset in part by a decline of $22,000,000 in member bank reserve balances and increases of $6,000,000 in monetary gold stock and $12,000,000 in Treasury currency, Holdings of discounted bills increased $19,000,000 during the week the principal changes being increases of $5,000,000 each at the Federal Reserve Banks of Cleveland and Chicago and $2,000,000 each at Boston, New York, Philadelphia, Atlanta and St. Louis. The System's holdings of bills bought in open market declined $5,000,000 and of Treasury notes and Treasury certificates and bills $1,000,000 cach. Changes in the amount of reserve tank credit outstanding and in related items during the week and the year ending October 1, 1930, were as follows; Increase or decrease since Oct. 1 Sept. 24 Oct. 2 1930 1930 1929 (in millions of dollars) Bills discounted 186 + 19 - 74^5 55 Bills bought 193 - 5 - 130 United States securities 601 - 1 + Other reserve bank credit 30 + 6 51 - TOTAL RESERVE BAITK CREDIT 1,010 19 - 4yo Monetary gold stock 4,513 6 + 139 Treasury currency adjusted 1,782 12 + 32 Monev in circulation 4,494 58 - 294 Member bank reserve balances 2,39^ 22 - 5 Unexpended capital funds, nonmember deposits, etc. *4l6 1 w. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 3,1930; not earlier. St. 6y4la S RESOURCES A2TD LIABILITIES OF THE TELVB INDERAL BESMtVE BANKS COMB HOD (In thousands of dollars) Oct. 1.1930 Sept. 24.1930 Oct. 2. 192q R E S O U R C ES Gold with Federal reserve agents . . .. 1,558,456 1,543,956 1,541,345 Gold redemption fund vzi tli U. S. Treasury 34,904 35,511 67,146 Gold held exclusively against F.E.notes 1,593,360 1,579,767 1,608,491 Gold settlement fund nith F. H. Board . 545,660 570,102 754,211 Gold and gold certificates held by "banks 837,749 839.062 620,090 Total gold reserves . . . .. 2,976,769 2,988,931 2,982,792 Reserves other than gold 151,619 151,857 158,018 Total reserves . . . 3,128,388 3,l4o,788 3,i4o,8io Non-reserve cash 6666,,446699 69,277 66,019 Bills discounted: Secured by U.S.Government obligations 63,555 48,146 432,115 Other bills discounted 122,361 119,016 498,518 Total bills discounted . . .. 185,916 167,162 930,633 Bills bought in open market 193,108 197,743 322,818 U. S. Government securities: Bonds 38,306 38,235 37,648 Treasury notes 291,429 292,029 79,080 Certificates and bills 271,442 271,542 29,024 Total U. S. Government securities 601,177 601,806 145,752 Other securities 6,772 6,772 15,025 Total bills and securities . . . 986,973 973,483 1,414,228 Due from foreign banks 701 701 801 606,052 549,479 791,632 18,704 21,871 24,688 Bank premises 59,644 59,644 58,935 All other resources . . 12,O4S 12,062 9,814 TOTAL RESOURCES 4,878,977 4,827,305 5,506,927 L I A B I L I T I ES F. R. notes in actual circulation . . . 1,376,351 1,347,720 1,851,167 Deposits: Member bank - reserve account . . .. 2,394,316 2,416,153 2,398,926 Government 37,372 42,594 44,600 6,251 5,263 6,625 Other deposits 18,746 19,534 20,553 Total deposits 2,456,685 2,483,544 2,470,709 Deferred availability items 583,251 533,029 726,600 Capital paid in 170,647 170,563 166,907 Surplus 276,936 276,936 254,39s All other liabilities 15,107 15,513 37,146 TOTAL LIABILITIES 4,878,977 4,827,305 5,506,927 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 81.65b 82.0# 72.7# Contingent liability on bills purchased for foreign correspondents 431,411 432,624 453,908 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MB LIABILITIES OP THE FEDERAL RESERVE BAMS Oil OCTOBER 1, 1930 - *R*E S O^U R ^C ES (In thousands ^"I:Sg«•% of dollars) st* ^ °74l"b Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. s ^ m sm S 5» in 11 - w aw a a« IHons-reSservHe cash ruu,~utv? r—.§•«? i ,-am i % jis > j a -,s a.w, .si as is ,8 a is a a , .r.'r=r ss ss ss *'S «s ss ss ss « « *s ts i$ m »« a . 1 ,7 « . .» « . «» 51.-55 tf.SO * .W •>•!" K.BS * . >* » •« »••*> » •" Other securities 6.772 1.000 4*150 1,000 = = = = 22 . . ~ ~ ^ T Total bills 3nd securities 986,973 936,973 808,402,4828 2662,06365,035 70,270 98,631 1)5,955 51,882 117,502 52,162 37,773 47,770 48,403 70,1 — ~~ 7m cp 701 52 p-z-1 231 £ g 70 30 25 94 i; 2 ; 5 lb 21 a. 45 g: l i l fr ^ Is °S600466,.0M5 22 6 I 9 6 .8 9 1 I,8 0 1 0 1 % 66 11 , 66 9 66 7 ,, 7 9977 77 5s6,66 1 i 61,704 43,681 S15,279 72,60i8 *,837-s 11 .3*02 3 28, 345*1 20,47 9 > 30•,36!9 l 18,704 245 66,,446677 59,644 3,580 15,664 12,046 85 4,377 4,878,977 383,297 1,559,109 360,984 490,535 197,536 222,318 624,482 184,317 124,109 199,996 130,828 401,466 TOTAL RESOURCES Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

. RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BABES CUT OCTOBER 1, 1930 L I A B I L I T I ES (In thousands of dollars) St. 6741 Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 1, 376,351 132,703 217,536 120,997" 185,464 64,835 127,850 155,900 63,249 51,137 66,694 34,901 155,085 Deposits: Member tank - reserve account 2, 394,316 146,279 1,008,715 142,909 193,813 >4,791 58,783 333,243 75,322 49,504 87,745 59,359 173, 8„ 53 Government deposits 37.372 2,305 11,401 1,930 2,571 6,352 l,s4i 3,loo 1,392 1,516 1,282 1,468 2,234 Foreign bank 6,251 388 2,734 50s 524 220 189 702 189 121 157 157 362 Other deposits _ 18,746 4i 7,257 164 1,735 88 137 534 233 234 379 29 7,915 Total deposits 2, 456,685 149,013 1,030,107 145,511 198,643, 71,451 60,950 337,579 77,136 51,375 89,543 61,013 184,364 Deferred availability items 533,251 67,864 159,747 50,278 60,162 42,198 15,176 68,668 26,461 10,558 30,095 20,93.7 31,107 Capital paid in 170,647 11,881 66,346 16,796 15,951 5,812 5,357 20,165 5,244 3,053 4,328 4,356 11,358 Surplus 276,936 21,751 80,001 26,965 29,l4l 12,496 10,857 40,094 10,877 7,143 9,162 8,935 19,514 All other liabilities _ 15,107 81 5,372 437 1,174 744 2,128 2,076 1,350 843 174 686 38 TOTAL LIABILITIES 4, 878,977 383,297 1,559,109 360,984 490,535 197,536 222,318 624,482 184,317 124,109 199,996 130,828 401,466 Reserve ratio (per cent) 81.6 78.8 86.6 85.0 82.3 72.7 76.2 83.7 70.2 6S.9 72.0 58.9 85.2 Contingent liability on bills purchased for foreign correspondents 431,411 31,941 141,784 41,868 43,163 18,129 15,539 57,839 15,539 9,928 12,949 12,949 29,733 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.agent i,775,64o 169,905 339,666 141,336 223,956 82,713 156,597 182,351 73,113 56,935 78,360 41,680 224,028 Held by Federal reserve bank 399,289 37,202 122,130 20,339 38,492 17,878 28,747 26,451 14,864 5,793 11,666 6,779 65,943 In actual circulation 1,376,351 132,703 217,536 120,997 185,464 6 4,835 127,850 155,900 63,249 * 51,137 66,694 34,901 155,085 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 C-old fund - F. R. Board 1,108,506 119,617 28,626 100,100 185,000 56,000 110,600 179,000 44,100 34,700 70,000 11,000 169,763 Eligible paper 359,515 33,172 60,737 15,563 39,031 28,918 38,955 35,370 28,047 11,004 18,926 18,792 30,995 Total collateral 1,917,971 188,089 366,373 155,568 239,581 89,918 156,655 214,370 81,092 57,549 88,926 44,092 235,75s MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days 91 days to Over 6 months 6 months Bills discounted 185,916 113,830 18,172 32,611 17,484 3,602 217 Bills bought in open market 193,108 106,442 39,384 42,989 4,172 121 Certificates and bills 271,442 25,214 33,320 162,908 Municipal warrants 22 22 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis