H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication st. 6765 Friday morning, Oct. 24; Federal Reserve Board, not earlier. October 23, 1930. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve "bank credit outstanding during the week ending October 22, as Reported "by the Federal reserve banks, was $1,028,000,000, an increase of $2,000,000 compared with the preceding week and a decrease of $369,000,000 compared with the corresponding week in 1929. On October 22 total reserve bank credit amounted to $992,000,000, a decrease of $52,000,000 for the week. This decrease corresponds with decreases of $50,000,000 in money in circulation and $3,000,000 each in member bank reserve balances and unexpended capital funds, etc,, and an increase of $4,000,000 in monetary gold stock, offset in part by a decrease of $8,000,000 in Treasury currency. Holdings of discounted bills declined $18,000,000 during the week, the principal changes being declines of $26,000,000 at the Federal Reserve Bank of Hew York and $3,000,000 at Boston, and increases of $3,000,000 at Cleveland and $2,000,000 at St. Louis. The System's holdings of bills bought in open market declined $8,000,000 and of U. S. Treasury notes $6,000,000, while holdings of Treasury certificates and bills increased $6,000,000 and of U. S. bonds $1,000,-000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending October 22, 1930, were as follows: Increase or decrease since Oct. 22 Oct. 15 Oct. 23 1930 1Q30 1A2A (in millions of dollars) Bills discounted 192 18 - 6o4 Bills bought 177 8 - 202 United States securities 602 + 466 Other reserve bank credit 21 2 6 - 4i TOTAL RESERVE BAM CREDIT 992 - 52 - 382 Monetary gold stock 4,523 + 4* + 136 Treasury currency adjusted 1,788 - 8 -3 Money in circulation 4,450 50* - 302 Member bank reserve balances 2,437 3 + 59 Unexpended capital funds,nonmember deposits,etc 4i6 3 - 5 •October 15 figures revised, C. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 24,1930; not earlier. St. 6765a Bzsoimcm ahd liabilities or THE TWELVE KKuSBto E3S3RV3 BaHCo COMBINED (In thousands of dollars) Oct, 22.1950 Oct. 15.1950 Oct.23.1929 R E S O U R C ES Gold with Federal reserve agents . . .. 1,571,706 1,546,206 1,546,526 Gold redemption fund with U. S. Treasury 34,g-ar-?7/ 34,868 68,069 Gold held exclusively against F.R.notes 1,6o6,5|7_ 1,581,074 l,6l4,595 Gold settlement fund with F. R. Board . 516,204 538,443 779,661 Gold and gold certificates held "by "banks 893,878 _ 859,820 640,757 Total gold reserves . . . .. 3,016,609 2,979,337 3,035,013 Reserves other than gold 151,6f4- 1M 146,751 154,833 Total reserves 3,168,283 3,126,088 3,189,846 Eon-reserve cash 70,690 66,054 79,94$ Bills discounted: Sec. "by U. S. Government obligations . 70,259 89,024 372,352 Other bills discounted * 121,725 121,415 424,006 Total bills discounted . . .. 191,984 210,439 796,358 Bills bought in open market 176,590 185,492 379,383 U. S. Government securities: Bonds 38,840 38,400 37,955 Treasury notes . 283,717 289,772 71,375 Certificates and bills 279,472 273,442 26,374 Total U.S. Government securities . 602,029 6oi,6l4 135,704 Other securities 6,297 6,272 25,211 Total bills and securities . . 976,900 1,003,817 1,336,656 Due from foreign banks 2,159 2,l6o 727 Uncollected items . 586,317 816,436 747,509 F. R. notes of other banks . . . . .. 18,-880 18,84l 29,105 Bank premises 59,631 59,637 58,944 All other resources 12,124 3.7?y 13rr75a jj.jig 9,238 TOTAL RESOURCES . . .. 4,g9^Qglf 5,104-^785- 5,451,970 L I A B I L I T I ES <-,^3 Y 6.13/ F. R. notes in actual circulation . . . 1,368,512 1,372,211 1,857,332 Deposits: Member bank - reserve account . . .. 2,437,095 2,440,364 2,378,097 Government . .. 27,581 23,737 15.837 Foreign bank 5,3a 4,970 5^20 Other deposits 19,423 22,801 22,078 Total deposits 2,489,420 2,491,872 2,421,932 Deferred availability items 573,784 778,027 711,073 Capital paid in 170,406 170,493 167,025 Surplus 276,936 276,936 254,398 All other liabilities 1^26 7,6'?L 6 4o,21Q TOTAL LIABILITIES 4,89>i,9s4 5,io4rfS5- 5,451,970 Ratio of total reserves to deposit and ' F. R. note liabilities combined . . . 82.1# 80.9# 74.5# Contingent liability on bills purchased for foreign correspondents 437,289 439,103 %6,%6 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAMS OH OCTOBER 22, 1930 R E S O U R C ES (In thousands of dollars) St. 6765% Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Sam Fran. Gold with Federal reserve agents 1,571,706 164,917 330,b3o 140,000 180,550 65,000 110,800 174,000 55,945 47,545 70,000 27,550 204,763 Gold redemption fund with U.S.Treasury 34, G76 14,38(0^ 1,911 2,l63 1,248 2,o6p 1,189 1,643 82o 1.480 1.128 6.IPS Gold held exclusively against "Tl F. R. notes l,6o6,sQ? 165,593 345^4 141,911 182,713 56,246 112,860 175,189 57,588 43,371 71,480 28,678 210,872 Gold settlement fund with F.R.Board 516,204 20,456 187,008 39,289 60,308 12,467 7,110 84,905 23,919 13,716 24,392 12,735 29,899 Gold and gold certif. held by "banks 893,878^34,831 551 ",121 28 'Mi 59:64% 9:754 7:725 136,501 8,125 5,292 7.804 10.628 34,001 Total gold reserves 3,016,669 220,880 1,083,153.209,651 302,666 88,469 127,695 396,595 89,632 67,379 103,676 52,O4i 274,772 Reserves other than gold 151. ^£,,15,107 . '38,109 * 8,603 7,737 7,730 13,160 22,316 8,802 4,61s 6,821 8,223 10,448 Total reserves 168,283 235,987 1,121,262 218,254 310,403 96,199 i4O,855 418,911 98,434 71,997 110,497 60,264 285,220 Eon—reserve cash 70,690 8,209 18,734 4,353 5,531 3,732 4,846 10,112 3,937 1,579 2,059 3,088 4,460 Bills discounted: Secured "by U.S.Govt, obligations 70,259 2,208 18,815 10,867 15,258 4,339 763 6,370 2,792 1,462 2,773 1,363 3,249 Other bills discounted 121,725 3,909 13,023 7,971 11,791 14,658 23,670 7,575 15,369 3,351 8,062 8,621 3,725 Total bills discounted 191,984 6,117 31,838 18,838 27,049 18,997 24,433 13,945 18,l6l 4,813 10,835 9,984 6,974 Bills bought in open market 176,590 17,205 42,669 l,oo4 20,102 9,719 9,887 23,590 8,229 4,753 7,446 6,395 25,591 U. S. Government securities: Bonds 38,s4o 757 2,187 64o 237 1,176 99 20,017 523 5,275 42 7,844 Treasury notes 283,717 22,559 77,881 25,868 33,647 7,850 7,556 30,347 15,698 12,l4l 14,250 11,716 2,4 ,204 Certificates and bills 279,472 22,858 107,272 25,744 23,971 7,957 5,123 30,764 7,678 9,228 14,444 9,671 14,762 Total U.S. Govt, securities 602,029 46,174 187,340 52,252 57,855 16,983 12,778 81,128 23,399 26,644 28,736 29,231 39,009 Other securities 6,297 1,000 4,250 1,000 - - - - 47 - - - Total bills and securities 976,900 70,496 266,097 73,094 105,006 45,699 47,098 118,663 50,289 36 , 257 47,017 45,610 71,574 Due from foreign banks 2,159 160 710 209 216 90 78 289 78 50 65 65 l4g Uncollected items 586,317 67,646 156,194 51,308 55,511 44,023 16,636 69,761 25,914 11,984 32,771 20,047 34,522 F. R. notes of other banks 18,880 202 5,612 313 1,179 1,473 928 2,713 1,203 934 2,106 436 1,731 Bank premises 59,631 3,580 15,664 2,6i4 7,061 3,271 2,658 8,295 3,811 2,01s 3,972 1,877 4,810 All other resources / 3r2i±24 JLS2VA2- 4,723 245 l,l4i 2,937 46? 293 420 •Zgsfi 436 TOTAL RESOURCES 4,894^g4 326,44^1,588,996 350,390 486,048 195$-229 216,036 629,167 184,009 125,239 ISSrfSO 131,823 402T6#7 7/5 ^37 toU 36.jT1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES' OF THE FEDERAL RESERVE BANKS OH OCTOBER "22, 1930. L I A B I L I T I ES (In thousands of dollars) ' gt. 6765c . ^0 Snr Y°rk pflil.a* Cleve* Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation y: 1,368,512 130,64o 24o,27s n4,940 182,493 67,161 118,715 149,893 62,152 49,781 66,372 34,039 152,01+2 Deposits: Member "bank - reserve account 2,437,095 152,736 1,0 2^8,2 18 141,642 199,194 62,437 60,643 345,540 Government deposits 73,563 51,648 87,668 59,373 174,433 Foreign "bank 1,893 1,115 752 2,942 1,782 Other deposits 189 121 157 157 362 19,^23 123 8,135 262 1,574 63 log ro 6 200_ 170 72 38 8.171 Total deposits m is 'is if 11 i s31 e 2,489,420 154,865 1,046,171 143,569 203,226 65,190 62,473 349,120 75,845 53,054 88,649 62,510 184,74s Deferred availability items Capital paid in 28,518 11,339 30,087 21,233 35,202 Surplus 5,244 3,o6o 4,325 4,356 11,350 All other liabilities n.Sib -3T5T§26 5,608 77 1,260 lyQGk2,180 2116^*7 il37^ 1 0,877 7,143 9,162 8,935 19,514 862 750 -3q-ftu TOTAL LIABILITIES 4,294^5 386,44=8 1,588,990 350,390 4s6,o4s 195,209 216,036 629,10? 184,009 125,239 198,70a 131,823 402t8SS Reserve ratio (per cent) •< 82.1 / 82 Contingent liability on bills pur- t *u U ,L /V 8 2,7 -"-37 ( 8 3 7 ,2 84,4 80.5 72.7 V17 77*7 83.9 71.3 70.0 71.3 / 62.4 s4.7jti'^ <2// ?o?3 chased for foreign correspondents 437,289 32,494 142,651 42,593 43,910 18,442 15,808 58,840 15,808 10,099 13,173 13,173 30,298 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.agent 1,799,114 174,484 382,994 136,641 221,683 86,197 i44,4i4 176,657 Held by Federal reserve bank 430,602 43,838 77,64o 55,663 77,84-7 41,090 223,804 142,7io 21,701 39»190 19,036 25,699 26,764 15,488 5,882 11,475 7,051 71.762 In actual circulation 1,368,512 130,646 240,27s 114,940 182,493 67,161 118,715 149,893 62,152 49,781 66,'372 34,'039 152,'o42 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 449,350 35,300 277,019 39,900 15,550 5,000 7,100 Gold fund - F. R. Board 1,122,356 129,617 8,345 11,845 i4,3oo 35,ooo Eligible peeper 346,358 22,556 53,62b 100,100 165,000 60,000 103,700 174,000 47,600 35,700 70,000 13,250 169,763 65,078 15,621 45,055 28,273 33,827 36.125 25,711 .8,767 17.868 In.713 31.764 Total collateral 1,918,0o4 187,473 395,714 155,621 225,605 93,273 144,627 210,125 81,656 56,312 87,868 43,263 236,527 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total Within 15 days lb to 30 days 31 to 60 days 6l to 90 days 91 days to Over 6 months B B C i i e l l r l l t s s i f b d i o i c s u c a g o t h e u t s n a t in e n d d o b p i e l n l s m arket 1 1 2 7 7 9 6 9 1 , , , 5 4 9 9 7 8 0 2 4 1 6 2 1 2 , , 5 0 3 5 7 4 1 4 2 9 3 8 , , , 5 8 a 2 2 4 3 2 4 2 4 8 , , 4 5 3 2 5 2 1 2 6 6 , , 5 5 8 6 9 6 6 m 4, o 8 2 n 7 3 t 6 h 0 s 420 85,370 Municipal warrants 47 165,888 47 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis