H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT I0R TfeB PRESS Released for publication St. 6789 Friday morning, Mo v. l4; Federal Reserve Board, not earlier. November 13, 1930. COHDITIOH OF FEDERAL RESERVE BALTICS ' The daily average volume of Federal reserve bank credit outstanding during the week ending November 12, as reported "by the Federal reserve banks, was $1,033,000,000, on increase of $2,000,000. compared with the preceding week and a decrease of $632,000,000 compared with the corresponding week in 1929. On November 12 total reserve bank credit amounted to $1,035,000,000, an increase of $25,000,000 for the week. This increase corresponds with an increase of $80,000,000 in member bank reserve balances offset in part by increases of $15,000,000 in monetary gold stock and $19,000,000 in Treasury currency and decreases of $14,000,000 in money in circulation and $8,000,000 in unexpended capital funds, etc. Holdings of discounted bills declined $21,000,000 during the week, the principal changes being decreases of $21,000,000 at the Federal Reserve Bank of New York and $2,000,000 at Chicago and increases of $3,000,000 at St. Louis and $2,000,000 at Boston. The System's holdings of bills bought in open market increased $21,000,000 and of Treasury notes $1,000,000, while holdings of Treasury certificates and bills declined $2,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending itovember 12, 1930, were as follows: Increase or decrease since Nov. 12 Nov. 5 Nov. 13 1930 1930 1Q2A (In millions of dollars) Bills discounted 192 - a - 779 Bills bought 207 + a - 93 United States securities 601 1 + 288 — Other reserve bank credit 35 + 25 - 52 TOTAL RESERVE BANK CREDIT 1,035 + 25 - 635 Monetary gold stock 4,5^ + 15 + 174 Treasury currency adjusted 1,793 + 19 - 6 Money in circulation 4,477 14 - 343 Member bank reserve balances 2,490 + 80 - 118 Unexpended capital funds,nonmember deposits,etc. 415 8 7 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday meralig, Kovemhe»r.^,1930; not .earlier. St.6%gc)a ESsbtJEG53 '^D LIABILITIES V'r'- OP THE HELVE FEDERAL RESERVE BMKS COLIEHED ' "> (in thousands of dollars) gov. 12,1910 gov. 5.1Q3Q Hov. 11. 1Q2Q RESOURCES Gold held exclusively against F.R.notes 1,632,506 1,617,671 1 627 132 Gold settlement fund with F. R. Board 4g2j64 520 54l 'Tn ctn Gold and gold certificates held by banks 903,626 g61.120 67gIl3l Total gold reserves 3,028,496 2,999,392 3,039,170 Reserves other than gold l4g, 64 146,174 l47,g g 7 0 Total reserves 3,177,260 3,145,566 3,186,978 6 3 , 7 52 63•255 ^ :M irr a: .• && « Bins : : :; U. S. Government securities: S s i s uw i Ji _ g| £gj Total U.S. Government Rficnri -Map 601,290 601,531 312 556 ^Other securitieEs 6.297 i j r 6.M7i ga.'ss i j Total bills and securiti es . 1,006,586 1,006,197 1,6O6,3O4 Due from foreign batiks c r 705 7Q lp TOIAi RESOURCES 4,968,122 4,g4o,4S3 5,895,496 L I A B I L I T I ES teptits-68 ln aCtoal clrculatlt"1 • • • 1-371.1>N5 1.366,554 1,937,167 1 ^ ^ . " . ™ . ™ . - . ' .- • 2>9.7°o 2.607.973 sForeigmn tank 5,419 m 1 k'1;£i a Other deposits : 19,757 j \ apiai 1 2s TOTAL LIABILITIES 4,96s,122 4, 4o,4S3 5,895,496 8 Ratio of total reserves to deposit and F. R. note liabilities combined . , 81.2^ 81.8# 69.556 contingent liability on bills purchased. for foreign correspondents . . . .. 426,541 431,670 508,290 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AMD LIABILITIES OF THE FEDERAL RISERVE BANKS OK NOVEMBER 3,2, 1930 RE S O U R G ES (In thousands of dollars) Total Boston Hew York Phila. Cleve. Ric 6h. A Utlanta Chicago St.Lou iust Minn-. Kans.Cy. Dallas San Fran, "£:% i:%I:% ^ ^ '% z l'M SelnotSI1"1Velir ^a l n 3t 1,632,506 160,593 369,974 141,911 1S2.713 68,248 119,060 165,129 70,488 48,316 66,480 28,673 210,861 as S:g S:Sf eBI 1:S S;S ":8 "Si 1:% £:% . mm g?o3.d reserves 3,028,496 216,436 1,064,192 220,196 299,4l6 91,260 132,045 4o3,509 94,695 67,160 99,397 51,423 288,767 Reserves other than gold 148,764 14,195 39>805 8,84o 9,071 7,137 10,130 21,605 8,428 4,4q3 7,023 8,112_10,010 Total reserves 3.177,260 230,631 1,103,997 229,036 308,487 98,397 14-2,175 425,114 103,123 71,563 106,425 59,535 298,777 Non-reserve cash 68,752 9,675 19,039 3,481 3,12$ 3,594 3,86l 10,738 3,654 1,702 1,714 3,071 5,098 7 a 12^3 i:::S i&g .% «:%i'3 :% J* £T a 5 fn t.a.1 di s coon ted 191,657 10,799 32,768 18,459 25,002 17,721 22,412 15,902 16,246 3,602 14,159 8,450 6,137 Bills "bought; open market 207,342 15,631 64,476 2,945 21,526 11,090 10,864 21,383 8,003 5,462 9,329 7,127 29,506 0, S. Gtover»w?iit securities: Bonds 38,137 757 2,187 64o 237 1,176 78 20,017 523 4,595 42 7,842 43 Treasury notes 281,730 22,332 77,514 25,682 33,410 7,772 7,507 30,042 15,623 12,063 14,107 11,620 24,058 Certificates and "bills 281,423 23,084 107,639 25,930 24,208 8,035 5,180 31,069 7,753 9,263 14,587 9,767 14,908 tK.'S. Govt, securities 601,290 46,173 187,340 52,252 57,855 16,983 12,765 81,128 23,899 25,921 28,736 29,229 39,009 Other 86&u.n ties , 6,297 1,000 4,250 1,000 47 bills and securities 1,006,586 73,603 288,834 74,656 104,383 45,794 46,o4l 118,413 48,148 35,032 52,224 44,806 74,652 thie from foreign "banks 705 52 234 68 70 ,2£ ,, 9^ 25 l6 21 21 49 Uncollected items " Gao^es* 70,171 178,190 51,310 56,592 4^4%^ 18,344 66,746 26,172 12,641 35,485 23,853 30,901 F. R4 notes of other "banks 19»068. 253 4,857 4l7 951 -ir575>\ 936 3,773 1,483 797 1,719 375 1,886 ~B , tarr\nk premises 59,700 -7^zx\ 1 car,3,58 -0i 15,66 c 4COi o T 2,6i4 7,06 r^.31 1 13 TO,3 38 2,658 8,295 3,811 2,018 3,972 1,877 4,810 All other resources 16,043 46o 5,607 250 1,148 820 4,123 496 382 413 630 444 1,270 388,425 1,616,422 361,832 481,819 203,197/ 218,163 633,669 186,798 124,182 202,190 133,982 417,443 TOTAL RESOURCES 4,968,122 ?<60 A 333 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE'BASICS' ON NOVEMBER 12, 1930 L I A B I L I T I ES (In thousands of dollars) St. 6789c Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans. Cy. Dallas San Fran. F.B.notes in actual circulation 1,371,148 128,515 233,069 120,770 185,445 68,537 121,832 143,713 64,795 48,766 66,120 33,097 156,489 Deposits: Member bank — Reserve account 2,490,289 152,936 1,074,386 143,702 139,507 62,257 56,824 352,542 74,425 52,731 85,036 59,021 186,922 Government deposits 24,196 1,323 5,638 1,354 1,915 1,895 2,574 946 1,079 516 834 3,760 2,362 Foreign bank 5,419 395 i,s4o 517 533 224 192 715 192 160 160 368 Other deposits 19,757 118 8,763 412 1,760 93 123 434 227 143 si_ 39 7,564 Total deposits 2,539,661 154,772 1,090,627 145,985 193,715 64,469 59,713 354,637 75,923 53,513 86,111 62,980 197,216 Deferred availability items 592,135 71,187 i4o,6s4 50,837 56,302 50,910 18,259 72,709 28,561 10,801 35,983 23,855 32,047 Capital paid in 170,464 11,873 66,230 16,792 15,913 5,795 5,356 20,162 5,257 3,064 4,318 4,354 11,350 Sr.rplus 276,936 21,751 80,001 2b,965 29,141 12,496 10,857 4o,og4 10,877 7,143 9,162 8,935 19,514 i'vii other liabilities 17,778 327 5^811 483 1,303 990 2,i46 2,354 1,385 895 496 761 827 TOTAL LIABILITIES 4,968,122 388,425 1,616,422 361,832 481,819 203,197 218,163 633,669 186,798 124,182 202,190 133,982 417,443 Reserve ratio (per cent) 81.2 81.4 83.4 85.9 81.4 74.0 78.3 85.3 73.3 70.0 69.9 62.0 84.5 Contingent liability on bills purchased for foreign correspondents 426,541 31,91s 137,122 41,838 43,132 18,116 15,52s 57,798 15,52s 9,920 12,940 12,940 29,761 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F,R»bank by F.R.Agent 1,813,434 169,405 396,403 135,963 218,446 86,601 149,138 171,197 91,080 53,870 76,388 39,487 225,456 Held by I&deral reserve bank 442,286 46,890 163,334 15,193 33,001 18,064 27,306 2y,4s4 26,285 5,104 _10,268 6,390 68,967 I-ZVV In actual circulation 1,371,148 128,515 233,069 120,770 185,445 68,537 121,832 143,713 64,795 4s,766 66,120 33,097 156,489 Collateral held by agent as security for notes .issued to "bank: Gold and gold certificates 463,695 35,300 277,010 39,900 15,550 5,000 7,100 - 7,745 11,790 - 14,300 50,000 Gold fund - F. R. Board 1,134,556 124,617 78,626 100,100 165,000 62,000 no,4oo. 164,000 61,100 35,700 65,000 13,250154,763 Eligible paper 337,099 24,182 61,881 JL5.095 42,935 27,21s J2,054 33,136 22,931 7,665 22,432 14,327 33,193 Total collateral 1,935,350 184,099 417,517 155,095 223,485 94,218 149,554 197,186 91,776 55,155 87,432 41,877237,956 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total Within 15 days l6 to 30 days 31 to 60 days Si to 90 days ^ Over 6 months Bills discounted 191,657 120,509 20,462 29,015 12,951 7,943 772 Bills bought in open market 207,342 78,l6S 43,344 56,358 29,447 25 Certificates nnd bills 281,423 31,214 79,766 170,443 Municipal warrants 47 ~ 47 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis