H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication St. 67U9 Friday morning, Oct. 10; Federal Reserve Board, not earlier. October 9» 1930. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve tank credit outstanding during the week ending October 8, as reported "by the Federal reserve "banks, was $1,04l,000,000, an increase of $29,000,000 compared with the preceding week and a decrease of $383,000,000 compared with the corresponding week in 1929. On October 8 total reserve bank credit amounted to $1,012,000,000, an increase of $2,000,000 for the week. This increase corresponds with an increase of $14,000,000 in member bank reserve balances, offset in part by a decline of $5,000,000 in money in circulation and increases of $3,000,000 in monetary gold stock and $3,000,000 in Treasury currency. Holdings of discounted bills decreased $13,000,000 during the week, the principal changes being declines of $3,000,000 each at the Federal Reserve Banks of Boston and St. Louis and $2,000,000 each at Philadelphia, Atlanta and Chicago. The System's holdings of bills bought in open market increased $18,000,000 and of Treasury certificates and bills $1,000,000, while holdings of Treasury notes declined $1,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending October 8, 1930, were as follows: Increase or decrease since Oct. 8 Oct. 1 Oct. 9 1930 1930 1929 (In millions of dollars) Bills discounted 173 — 13 mm . 684 Bills bought 211 + 18 - 122 United States securities oOO — 1 + 459 Other reserve bank credit 28 2 26 - - TOTAL RESERVE BAM CREDIT 1,012 + 2 373 Monetary gold stock 4,514 + 3* + 136 Treasury currency adjusted 1,784 + 3 + 3 Money in circulation 4,487 5* 301 Member bank reserve balances 2,408 + l4 + 69 Unexpended capital funds.nonmember deposits, etc. 4i6 - - l •October 1 figures revised. C Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 10,1930; not earlier. St.6749a RESOURCES A2TD LIABILITIES OF THE TWELVE FEDERAL RESER7E 3ANICS COMBINED (In thousands of dollars) Oct. g.iqio Oct. i.iqio Oct. q. iQ2q R E S O U R C ES Gold with Federal reserve agents . . .. 1,5U9,6O6 1,558,456 1,506,735 Gold redemption fund with U.S.Treasury . 34,868 34,904 61,99% Gold held exclusively against F.R.notes 1,584,474 1,593,360 1,568,729 Gold settlement fund with F. R. Board . 544,854 545,660 811,642 Gold and gold certificates held by banks 847,200 837,749 631,856 2,976,528 2,976,769 3,012,227 149,625 151,619 14^,448 Total reserves 3,126,153 3,128,388 3.161,675 Uon-reserve cash 65,757 66,469 66,856 Bills discounted: Secured by U.S.Government obligations 55,011 63,555 383,341 Other bills discounted 118,155 122,361 473,965 Total bills discounted . . . 173,166 185,916 857,306 Bills bought in open market 211,023 193,108 333,151 U. S. Government securities: Bonds 33,253 38,306 37,650 Treasury notes 289,756 291,429 75,538 Certificates and bills 272,430 271,442 27,570 Total U.S. Government securities 600,439 601,177 140,758 Other securities 6,272 6,772 14,755 Total bills and securities . . .. 990,900 986,973 1,345,970 Due from foreign banks 702 701 808 Uncollected items . . . . .. 559,402 606,052 708,397 F. R. notes of other banks 18,040 18,704 25,243 Bank premises 59,674 59,644 58,935 All other resources 12,475 12,046 9,865 TOTAL RESOURCES 4,833,103 4,878,977 5.377 ,749 L I A B I LI T I ES F. R. notes in actual circulation . . . 1,365,39S 1,376,351 1,860,300 Deposits: Member bank - reserve account . . .. 22,,440077,,775588 2,394,316 2,338,979 Government 33,233 37,372 22,711 Foreign bank 6,696 6,251 7,775 Other de-oosits 18,425 18,746 17,9^3 Total de-oosits 2,466,112 2,456,685 2,387,408 Deferred availability items . . . .. 538,588 583,251 670,376 Capital paid in 170.555 170,647 166,934 Surplus 276,936 • 276,936 254,398 All other liabilities 15,514 15,107 38,333 TOTAL LIABILITIES 4,833,103 4,878,977 5,377,749 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 81.6$ 81.6# 74.4 Contingent liability on bills purchased for foreign correspondents 443355,,119944 431,411 456,505 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BMKS OH OCTOBER 8, 1930 R E S O U R C ES (In thousands of dollars) St. GjUgia Total Boston Hew York Riila. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 6 - 2 T J S as "ISS m "•& ^ r S ^ i B = i v e l Z _ s e i n 2t 4,4 4 155,653 320,051 142,026 1 2,205 64,475 118,098 175,229 57,806 49,332 71,494 27,178 210,872 1]5S 7 9 S S S i ki s S:% 1 :3 Tot-1 reserves 3,126,153 227,008 1,023,218 225,74? 321,652 100,720 147,964 430,256 100,810 74,925 114,194 53,559 301,100 - 2 4,476 4,6o4 3,563 4,653 9,669 4,010 l,4i4 1,874 2,814 4,501 Non-reserve cas h6 5)757 6f4o7 17>77 M i e , t 1 5 r r E r ; r " « ^ ^ J£ \f» 3 Total "bills discounted 173,166 9,519 25,649 15,281 a, 086 17,747 24,203 15,096 15,834 3,9^1 9,214 10,316 5,280 Bills "bought in open market 211,023 22,843 83,841 104 17,313 9,058 10,215 17,765 7,547 6,263 8,729 7,646 19,699 U. S, Government securities: Bonds 38,253 756 2,187 64o 237 1,176 43 20,01% .523 4,?47 42 7,842 43 Treasury notes 289,756 23,239 78,882 26,424 34,358 8,086 7,708 31,400 15,926 12,410 14,679 12,002 24,642 Certificates and bills 272,430 22,180 105,171 25,188 23,260 7,7a 4,975 29,861 7,450 8,900 14,015 9,385 14,324 Total U.S. Govt, securities 600,439 46,175 186,240 52,252 57,855 16,983 12,726 81,27s 23,899 26,057 28,736 29,229 39,009 6,272 1,000 4,250 1,000 22 Other securities Total Mils and securities 990,900 79,537 299,980 68,637 96,254 43,788 4?,l44 114,139 47,280 36,283 46,679 47,191 63,988 25 16 21 21 to 57,ip 52,48 ^ 1° 27,030 12,418 32,25s 20,454 33,967 F, R. notes of other hanks la.O^ ^2o8 ^,03b ^275 1,177 1,^7 1.2^ .y 1,376 1,137 1,535 328 2,760 g 3,811 2,01S 3,972 1,876 4,849 Bank premises 12,475 150 4,736 a? 1,130 509 2,924 744 297 487 329 592 360 All other resources TOTAL RESOURCES 4,833,103 3?4,IO4 1,511,083 35^52 485,504 195,752 223,195 631,405 184,639 128,698 200,862 131,835 411,574 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES ASD LIABILITIES OF THE FEDERAL RESERVE BASICS OH OCTOBER 8, 1930 LI AB I II T I ES (in thousands of dollars) st. 6749c Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in acfraal circulation 1,365,398 133,134 207,237 iig,220 186,061 66,028 124,572 154,183 63,086 51,806 67,989 35,499 157,583 Deposits: Member "bank - reserve account 2,407,758 148,391 1,001,692 141,017 196,530 63,509 60,784 345,082 73,371 52,588 87,064 58,843 178,887 Government deposits 33,233 2,534 3,676 2,135 3,167 5,930 2,690 5,729 1,260 874 1,396 2,64o 1,202 Foreign tank 6,696 388 3,179 508 524 220 189 702 189 121 157 362 Other deposits 18,425 4o 6,752 324 1,463 125 120 %0 201 l66 396 % 8,293 Total deposits 2,466,112 151,353 l>015,309 143,984 201,684 69,784 63,783 352,003 75,021 53,749 89,013 61,685 188,744 Deferred availability items 538,588 55,962 136,784 48,031 51,445 40,879 16,467 62,798 29,044 12,051 30,190 20,628 34,309 Capital paid in 170,555 11,881 66,256 16,796 15,950 5,804 5,365 20,164 5,244 3,053 4,327 4,356 11,359 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 15,514 23 5,496 %6 1,223 76i 2,151 2,163 1,367 89b 181 __lli1 -i5_ TOTAL LIABILITIES 4,833,103 374,104 1,511,033 354,452 485,504 195,752 223,195 631,405 184,639 128,698 200,862 131,835 411,574 Reserve ratio (per cent) 81.6 79.8 83.7 86.1 83.0 74.2 78.6 85.0 73.0 71.0 72.7 60.3 86.9 Contingent liability on bills purchased for foreign correspondents 435,194 3l,94l 145,568 4l,868 43,163 18,129 15,539 57,839 15,539 9,927 12,949 12,949 29,783 FEDERAL RESERVE HOTS STATEMENT Federal reserve notes: Issued to F.R,bank by F.R.agent 1,796,482 176,456 360,909 139,894 222,743 85,823 150,127 181,138 78,008 57,258 79,477 41,985 222,664 Held b"r Federal reserve bank 431,084 43,322 153,672 21,674 36,682 19,795 25,555 26,955 14,922 5,452 11,488 6.486 65.081 In actual circulation 1,365,398 133,134 207,237 118 , 220 186,061 66,028 124,572 154,183 63,086 51,806 67,989 35,499 157,583 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 449,550 35,300 277,010 39,900 15,550 5,000 7,100 - 8,545 11,845 i4,3oo 35,000 Gold fund - F. R. Board 1,100,056 119,617 28,626 100,100 175,000 58,000 108,900 174,000 47,600 36,700 70,000 11,750 169,763 Eligible paper 352,417 32,283 81,188 14,732 37,234 26,751 34,277 32,696 23,260 9,618 17,828 17,674 24,876 Total collateral 1,902,023 187,200 386,824 154,732 227,784 89,751 150,277 206,696 79,405 58,163 87,828 43,724 229,639 MATURITY DISTRIBUTION OF BILLS ALnD SHORT TERM SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 173,166 101,788 22,880 27,566 16,730 3,943 259 Bills bought in open market 211,023 125,273 29,878 46,679 9,084 109 Certificates and bills 272,430 25,214 83,320 163,896 Municipal warrants 22 22 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis