H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication g gyyn t> Friday morning, Nov. 7! Federal Reserve Board not earlier. November 6, 1930. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve "bank credit outstanding during the week ending November 5, as reported by the Federal reserve banks, was $1,025,000,000, an increase of $34,000,000 compared with the preceding week and a decrease of i?>639,000,000 compared with the corresponding week in 1929. On November 5 total reserve bank credit amounted to $1,010,000,000, an in- °"£> ^.000.000 for the week. This increase corresponds with an increase of $65,000,000 in money in circulation and $7,000,000 in unexpended capital lunds, nonmember deposits, etc., and a decrease of $12,000,000 in Treasury currency, offset in part by a decrease of $58,000,000 in member bank reserve balances. Holdings of discounted bills increased $11,000,000 during the week, the principal changes being an increase of $16,000,000 at the Federal Reserve Bank of Hew York and a decrease of $3,000,000 at St. Louis. The System's holdings " of bills bought in open market increased $20,000,000 and of Treasury certificates and bills $8,000,000, while holdings of Treasury notes declined $7,000,000. Changes in the amount of reserve bank credit outstanding and in related items during tne week and the year ending November 5, 1930, were as follows: Increase or decrease since Nov. 5 Oct . 29 Nov, 6 1930 1930 1929 (In millions of dollars) Bills discounted 213 + 11 - 778 Bills bought 186 + 20 - i44 United States securities 602 + 1 + 309 Other reserve bank credit 10 7 - 30 - TOTAL RESERVE BASK CREDIT 1,010 + 25 - 644 Monetary gold stock 4,534 + 1 + 154 Treasury currency adjusted 1,779 — 12 3 Money in circulation 4,491 + 65 - 339 Member bank reserve balances 2,410 - 58 - 148 Unexpended capital funds,nonmember deposits^etc, 423 + 7 ~ 6 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

-Released Xx>r publication Friday morning, Uoveniber 7,1330; not earlier. St. 6779a RESOURCES J23V LIABILITIES OP THE TIBLV2 FEDERAL IE EI'® 3AT,:S COMBINED (in thousands of dollars) Hot. iq% Oct. 2q.iqio u y. 6.iq2Q 0 R E S O U R C ES Gold with Federal reserve agents . . .. I,583,4l6 1,590,116 1,476 471 Gold redemption fund with U.S.Treasury . 34,255 34,755 76,247 Gold held exclusively against F.R.notes 1,617,671 1^624 ^71 17552,713 Gold settlement fund with F. R. Board . 520,541 504,365 302 ia6 Gold and gold certificates held by banks 861,130 907,057 664,'990 Total gold reserves 2,999,392 3,037,193 3,019,904 Reserves other than gold . . 146,174 154,581 151,727 Total reserves 3,145,566 3,191,77% 3,171,631 • • •• 7 1^ Sec. "by U.S. Government obligations , 35,068 71,^72 512 632 Other bills discounted . . . . . . .. 127,699 l3o[o3l %g,'24S Total bills_discounted a2,767 201,603 990,830 Bills bought in open market . . . . .. 185,602 165,658 330,374 U. S. Government securities: ®on<is 38,183 33,195 77,252 Treasury notes 230,595 287 8 27 ^l4 117 Certificates and bills . . . . . .. 282,653 275]4l6 101 ,*380 Total U.S.Government securities . 601,531 601,433 292 749 Other securities 6,297 6,322 23*631 Total bills and securities . . 1,006,197 975,021 1,637,634 Dae from foreign banks 705 701 722 Ji Jl j| TOTAL RESOURCES . . . . .. . 4,g4o,4S3 4,S 5,1S3 5,675,839 5 L I A B I L I T I ES A R. notes in actual circulation . . . 1,366,554 1,354,831 1,918,327 "SZ ' IS! ' ih Deposits: Member bank - reserve account . . .. 2,409,700 2 468 280 2 *5*57 708 Other deposits 26,725 10^443 29,669 Total deposits 2,479,345 2,519.411 2,$23,100 ::::: i%f£ i u M u u ; * - : : : : : : :: t ' Ml TOTTL LIABILITIES 4,840,483 4,3 6,1S3 5,675,639 5 Ratio of total reserves to deposit and F. R. note liabilities combined . . 81.8$ 82.4$ 69.8$ Contingent liability on bills purchased for foreign correspondents . . . . 431,670 *433,529 508,354 •^Revised. ~~ ~•« Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

81 6 s RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BASKS OH NOVEMBER 5, 1930 ssi S& i£ T| ?i ^2 fS "i-lf' R E S O U R C ES (m thousands of dollars) g, £779* t 'IS 1I;1 IS IS 'Is '3 ° jSgg S:g a II sg | Gold held exclusively against ~~ ~ — i: 3,lg: 1 10 3 7 « ^ °^' ™ 3 "to:^ t1::: » £i::: K'!?1 S^d reserTeB 2.999.392 a|i,59S 1,040,057 217,891 298,007 95,839 133,148 398,799 96,974 71,014 102,861 52,010 278,194 R B eser ™ ves oth : er t J han T gold ™ 146,174 14,772 36,502 8,988 3 ° 9,l3 ' 50 % 7.655 10,312 20,710 8,4 9 2 4,524 7,111 8^215 9 543 i i i i „„ ^ : : :: ^ ^ ^ ^ ^ ^ ^ Total tills disoomited 212,767 8,399 54,078 18,387 24,728 17,800 23,881 18,370 13,717 3,710 13.5^1—8^991 7W = rLM iigg; ? g;g %gf |;S ^ ftg 14. % S-12 G ^ S l e n t ^ ^ i e !: "5' '813 2,330 21,916 1 0'a4 1 0 , 2" 7,5l4 5,068 8,316 6,648 28,832 serorlt,efl 5 578,55 169,83 128,50 811,78 238,99 S 7 287,352,2 3990:09 ?0nds jS,rS a^ s ^ ^5 T 7 2, o 187 S T 64o 2 £ 37 1,176 f 69 ' 20 S ,017 523 4,650 42 7 842 43 -T ^ 10,061,97 703,85 7 , : 2f^ m =- I TS 11 It 11* 1 i111 !:§ 1,211 TOTAL RESOURCES 4,s4o,4s3 378,211 1,546,750 353,782 474,194 201,919 218,999 623,540 182,165 125,906 202,039 129,767 403,211 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OP THE FHMlAL ^MESt'Xm"mTMSBm 5, 1930 L I A B I L I T I ES (In thousands of dollars) st. 6779c Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. F.R.notee iii actual circulation 1,355,554 130,090 239,820 118,220 179,308 68,555 118,997 144,973 61,920 48,930 65,617 33,517 156,607 Deposits: Member ba#c - reserve account 2,409,700 151,595 l,000,27q 142,288 195,775 63,314 6o,oo4 345,877 74,964 54,595 86,561 57,364 177,084 Government deposits 37,659 4,277 9.224 3,860 3,608 2,018 6;,, l46 i,54o 1,086 1,131 480 3,217 1,072 Foreign "bank 5,261 395 1,682 517 533 224 192 ' 715 192 123 160 loO 368 Other deposits 26,725 91 15,171 318 1,638 91 90 599 233 213 59 36 8,186 Total deposits 2,479,345 156,358 1,026,356 146,983 201,554 65,647 66,432 348,731 76,475 56,062 87,260 50,777 186,710 Deferred availability items 529,683 57,809 128,648 44,378 46,993 48,456 15,217 67,212 26,269 9,836 35,196 21,485 28,184 Capital paid in 170,424 11,881 66,228 16,765 15,906 5,778 5,356 20,166 5,257 3,o6l 4,319 4,357 11,350 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 17,541 322 5,697 471 1,292 . 987 2,l4o 2,364 1,367 874 435 696 846 TOTAL LIABILITIES 4,S4O,483 378,211 1,546,750 353,782 474,194 201,919 218,999 623,540 182,165 125,906 202,039 129,767 to3,2ii Reserve ratio (per cent) 81.8 80.1 85.0 85.5 80.7 77.1 77.4 85.0 76.2 71.9 71.9 63.9 83.8 Contingent liability on bills purchased for foreign correspondents 431,5?0 32,052 141,035 42,014 43,314 18,192 15,593 58,o4o 15,593 9,962 12,994 12,994 29,887 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.hank by F.R.agent 1,788,411 172,477 387,264 138,009 216,967 S5,5i4 146,419 171,393 82,328 53,533 75,755 33,910 219,842 Held "by Federal reserve bank 421,857 42,387 147,444 19,789 37,659 16,959 27,422 26,4ao 20,408 4,603 10,138 5,393 63,235 In actual circulation 1,366,554 130,090 239,820 118,220 179,308 68,555 118,997 144,973 61,920 48,930 65,617 33,517 156,b07 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 45o,56o 35,300 277,010 39,900 15,550 5,000 7,100 - 7,945 11,845 15,910 45,000 Gold fund - F. R. Board 1,122,856 124,617 78,626 100,100 165,000 62,000 107,200 i64,ooo 54,6oo 35,700 65,000 11,250 154,763 Eligible paper 354,528 21,435 83,624 15,321 41,551 26,796 33,H9 35,745* 19,933 7,546 20,990 i4,4oi 34,067 Total collateral 1,937,944 181,352 439,260 155,321 222,101 93,796 147,419 199,745 82,478 55,091 85,990 4i,561 233,830 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 Over 6 months 6 months Bills discounted 212,767 139,185 19,247 31,428 15,071 7,14b 690 Bills bought in open market 185,602 60,380 38,346 56,123 30,642 111 Certificates and bills 282,653 29,714 81,395 171,544 Municipal warrants 47 " 47 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis