H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication st. 6769 Friday morning, Oct. 31? Federal Reserve Board not earlier. October 30, 1930. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending October 29, as reported by the Federal reserve banks, was $991,000,000, a decrease of $37,000,000 compared with the preceding week and of $497,000,000 compared with the corresponding week in 1929. On October 29 total reserve bank credit amounted to $985,000,000, a decrease of $7,000,000 for the week. This decrease corresponds with a decrease of $24,000,000 in money in circulation and increases of $10,000,000 in monetary gold stock and $3,000,000 in Treasury currency offset in part by an increase of $31,000,000 in member bank reserve balances. Holdings of discounted bills increased $10,000,000 during the week, the principal changes being increases of $7,000,000 at the Federal Reserve Bank of New York and $3,000,000 each at Boston and Chicago., The System's holdings of bills bought in open market declined $11,000,000, of U. S. bonds $1,000,000 and of Treasury certificates and bills $4,000,000, while holdings of Treasury notes increased $4,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending October 29, 1930, were as follows: Increase or decrease since Oct*29 Oct. 22 Oct. 30 1930 1Q30 lQ2q (in millions of dollars) Bills discounted 202 + 10 789 Bills bought 166 - 11 174 United States securities 6ol - 1 + 308 Other reserve bank credit 1 7-4 - 4o TOTAL RESERVE BANK CREDIT 985 -7 Monetary gold stock 4,533 + 10 Treasury currency adjusted 1,791 + 3 Money in circulation 4,426 - 24 363 Member bank reserve balances 2,468 * 31 184 Unexpended capital funds,nonmember deposits,etc 4l6 4 C. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 31.1930; not earlier. St. 6769a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Oct. 29.1930 Oct. 22.1930 Oct. 30.1929 R E S O U R C ES Gold with Federal reserve agents . . .. 1,590,116 1,571,706 1,543,841 Gold redemption fund with U. S. Treasury- 34,755 * 34,771 65,939 Gold held exclusively against F.R.notes 1,624,871 *1,606,477 1,609,780 Gold settlement fund with F.R. Board . . 504,365 516,204 791,887 Gold and gold certificates held "by "banks 907,957 893.878 619.284 Total gold reserves 3,037,193 *3,016,559 3,020,951 Reserves other than gold 154,581 *151,724' 156,057 Total reserves . . . 3,191,774 3,168,283 3,177,008 ITon-reserve cash 71,364 70,690 85,276 Bills discounted: Sec. "by U. S. Government obligations . 71,572 70,259 532,388 Other "bills discounted 130,031 121,725 458,650 Total "bills discounted . . .. 201,603 191,984 991.03S Bills "bought in open market 165,65s 176,590 339,885 U. S. Government socur^tiust Bonds 38,195 3388,,884400 81,261 Treasury notes 287,827 283,717 120,294 Certificates and "bills 275,416 279.472 91,133 Total U.S. Government securities 601,438 602,029 292,688 Other securities . . . . . . . . . .. 6,322 6,297 25,131 Total "bills and securities . . 975,021 976,900 1,648,742 Dae from foreign "banks' 701 2,159 721 526,697 586,317 744,879 F. R. notes of other boaalts 17,091 18,380 28,076 Bank premises 59,632 59,631 59.036 All other resources 13,90? 1.2,124'3.77 y 10,625 TOTAL RESOURCES 4,856,183 4,894^34- 5,754,363 44,,4433ff L I A B I LI T I ES F. R. notes in actual circulation . . . 1,354,881 1,368,512 1,880,192 Deposi ts: Member "bank ^ reserve account . . .. 22,,446688,,228800 2,437,095 2,651,608 Government 26,674 27,581 18,967 Foreign "bank 5,014 5,321 5,709 Other deposits 19,443 19,423 20,187 Total de-oosits 2,519,411 2,489,420 2,696,471 Deferred availability items 517,004 573,784 714,209 Capital paid in 170,444 170,4O6 167,025 Surplus 276,936 276,936 _ 254,398 All other liabilities 17,507 '7.^76 42,068 TOTAL LIABILITIES 4,856,183 4,894,984 5,754,363 RRaattiioo ooff ttoottaall rreesseerrvveess ttoo ddeeppoossiitt aanndd F. R. note liabilities combined . . 8822..44$$ 82.1$ 69.4# Contingent liability on bills purchased for foreign correspondents 433,25f- 437,289 500,833 *Revised figures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AtTD LIABILITIES OF THE FEDERAL RESERVE BAtlKS OH OCTOBER 29, 1930 r R E S O U R C ES (In thousands of dollars) St. 6709b ** Total Boston New York Fh.Ua. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. SS 6l :Z 10l:Z *?•% ^ " I jl *l\% T °fiala3t 1,624,871 1$5,593 369,974 1*1,911 182,713 66,248 111,860 170,189 57,388 48,371 71,480 28,283 210,861 ffi.fii S:"* £ :% ?:$% 1%::^ ^ " ; j£ ";S> *;<>% R e B e r v S^ S i i ^ sr 3 ,° » : S i$ %:%4 6s6a^ 7:710 w i %s Tnta.1 reserves 3,191,774 226,971 1,177,159 216,958 307,43= 95,061 137,282 4os,o6l 98,565 72,026 107,892 58,217 286,146 Son-reserve cash 71,364 9.4l4 18,038 3,271 4,862 3,994 4,8)3 10.393 4,012 1.976 1,907 3,562 5.082 ^ S r C S L ^ e f1 1^ "0 1 18 130:031 4% ll'M ^ 59 ll:H3 1 5 :^ 2 2^ » 47 13:753 3.3:5 I'.lt 8.535 1% Total bills discounted 201,603 9*1^7 38,547 19,783 25,884 18,836 23,618 17,293 16,370 4,148 12,054 9,449 6,474 Bills "bought in open market 165,658 1^,3^3 42,871 1,620 20,557 8,768 9,131 22,419 6,914 4,788 7,295 6,065 20,887 TJ. S. Government securities; 2,187 64o , 237 1,176 89 20,017 523 4,640 42 7,844 43 B C T o r e n e r d a t s s i 2u f 8 i ry c 7 a 'n8 t o2 e t7 s e 2s a 3 n 2 d O8 " 7il b , i ^ l 7 ls 275,4l6 2 3 22 ,u ,4 i o i 6 1 7 0 8 6 , , 6 5 1 3 5 8 2 2 5 6 , , 3 23 74 s 3 2 4 3, , 4 1 9 2 7 1 7 8 , ,0 8 0 0 7 0 7 5 , , 6 0 6 2 0 0 3 3 0 0, , 1 9 5 5 6 5 1 7 5 , , 5 8 2 5 5 1 12 8 , , 4 9 3 9 2 1 1 1 4 4 , , 5 1 3 5 6 8 1 9 1 , , 4 9 8 0 1 5 2 1 4 4 , , 4 4 9 7 6 0 Total U.S. Oovt. securities 601,438 46,174 187,340 52,252 57,655 16,983 12,769 81,128 23,899 26,063 28,736 29,230 39,009 72 Other securities 6,322 1,000 4,250 1,000 OvJwLLX «L uXvg " ,r 1 - 1 - • ' • 11 •1 • •1 • 1 1 ' "' " " " x \ \ v Tnta.i M1I. and securities 975.021 70,664 273,008 4,655 104,296 44,587 45,518 120,840 47,183 35.071 48,085 44,744 6c.370 7 iiir- il "j i i i i i # 4 "i % >f I TOTAL RESOURCES 4,856,183 370,128 1,631,975 345,581 478,235 190,516 209,303 611,155 179,704 122,891 195,582 127,591 393,522 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MB LIABILITIES OF THE FEDERAL' RESERVE' BA1JXS Oil OCTOBER 29, 1930. L I A B I L I T I ES (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 1,354,881 128,831 241,615 115,252 182,166 65,858 117,082 146,920 61,120 48,695 64,656 32,732 149,954 Deposits: Member "bank - reserve account 2,468,280 145,835 1,088,348 lk), 436 194,432 62,653 56,606 339,289 73,312 51,3*46 86,44o 59,293 170,290 Government deposits 26,674 2,326 5,880 1,560 2,120 3,330 2,058 1,716 1,136 1,502 1,293 2.179 1,574 Foreign bank 5,Ol4 388 1,496 509 524 220 189 702 189 121 157 157 362 Other deposits 19»443 252 6,720 252 1,548 68 113 532 196 146 100 21 9,495 Total deposits 2,519,411 l48,S01 1,102,444 142,757 198,624 66,271 58,966 342,239 74,833 53,115 87,990 61,650 181,721 Deferred availability items 517,004 58,524 136,026 43,395 51,077 39,137 14,863 59,436 26,220 10,006 28,981 19,175 3o,l64 Capital paid in 170,444 11,881 66,230 16,765 15,922 5,774 5,356 20,159 5,26l 3,o6l 4,328 4,357 11,350 Surplus 276,936 a, 751 80,001 *-%} 29,141 12,496 10,857 4O,094 10,877 7,143 3,935 19,514 ill other liabilities 17,507 34o 5,659 1,305 980 2,179 2,307 1,393 871 9'465 742 819 TOTAL LIABILITIES 4,856,183 379,128 1,631,975 345,581 478,235 190,516 209,303 661111,,115555 179,704 122,891 195,582 127,591 39339,35,2522 2 Reserve ratio (per cent) 82.4 81.8 87.6 84.1 80.7 71.9 78.0 83.4 83.4 72.5 70.7 70.7 61.7 86.3 86.3 Contingent liability on bills purchased for foreign correspondents 433,529 32,290 I4O,732 42,327 43,636 18,327 15,709 58,472 15,709 10,036 13,091 13,091 30,109 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R .bank by F.R.agent 1,781,147 173,709 380,878 137,674 219,017 86,081 141,718 174,o4i 77,219 53,828 76,586 39,186 221,210 Held by Federal reserve bank 426,266 44,878 139,263 22,422 36,851 20,223 24,636 27,121 16,099 5,133 11,930 6,454 71,256 In actual circulation 1,354,881 128,831 241,615 115,252 182,166 65,858 117,082 146,920 61,120 43,695 64,656 32,732 149,954 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 450,760 35,300 277,010 39,900 15,550 5,000 7,100 - 8,145 11,345 15,910 35,ooo Gold fund - F. R. Board 1,139,356 129,617 78,626 100,100 165,000 60,000 102,700 169,000 47,600 35,700 70,000 11,250 169,763 Eligible paper 329,316 22,254 59,825 16,358 44,596 26,894 32,004 37,458 22,505 7,967 13,711 14,731 26,013 Total collateral 1,919,432 187,171 415,4Si 156,358 225,146 91,894 i4l,So4 206,45s 78,250 55,512 88,711 41,891 230,776 MATURITY" DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to '.Total Within 15 days lo to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 201,603 128,309 30,871 16,234 6,020 6l0 rills bought in open market 165,658 48,200 o 42,236 31,333 115 Certificates and bills 275,416 25,714 82,322 66,076 101,304 Municipal warrants 72 72 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis