H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STiEffi.35NT FOR -2EE ER3SS Released for publication St. 6300 Friday morning, Nov, 21; Federal Reserve Board not earlier. November 30, 1930. CONDITION OF FEDERAL RESERVE BASKS The daily average volume of Federal reserve tank credit outstanding during the week ending November 19, as reported by the Federal reserve banks, was $1,027,000,000, a decrease of $6,000,000 compared with the preceding week and of $b08,000,000 compared with the corresponding week in 1929. On November 19 total reserve bank credit amounted to $1,003»000,000, a decrease of $32,000,000 for the week. This decrease corresponds with decreases of $'+1,000,000 in member bank reserve balances and $3,000,000 in unexpended capital funds, etc., and an increase of $7,000,000 in monetary gold stock, offset in part by a decrease of $15,000,000 in Treasury currency and an increase of $5,000,000 in money in circulation. Holdings of discounted bills increased $13,000,000 during the week, the principal changes being increases of $5,000,000 at the Federal Reserve Bank of Atlanta, $4,000,000 at Richmond and $3,0000C0 each at Boston and Cleveland. The System's holdings of bills bought in open market declined $29,000,000 and of Treasury notes $25,000,000, while holdings of Treasury certificates and bills increased $19,000,000 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 November 19, 1930, were as follows: Increase or decrease s ince Nov. 19 Nov. 12 Nov. 20 1930 1930 1A2A (in millions of dollars) Bills discounted 205 + 13 — 695 Bills bought 178 - 29 — 106 United States securities 596 — 5 + 269 Other reserve bank credit 24 - 11 - 30 TOTAL RESERVE B4HK CREDIT 1,003 32 561 Monetary gold stock 4,556 + 7 + 181 Treasury currency adjusted 1,783 - 15 + 5 Money in circulation 4,482 + 5 295 Member bank reserve balances 2,449 4i 69 — Unexpended capital funds.nonmember deposits,etc. 412 3 - 9 Thursday, November 27, being a holiday, the weekly statement of condition of the Federal reserve banks for November 26 will be issued on Friday, November 28, and released for publication on Saturday, November 29# Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, November 21,1930; not earlier. St. 6800a RESOURCES AND LIABILITIES OF THE TWELV3 PLJD3ML HESERvE BASKS COMBINED (in thousands of dollars) Hov. 19.1930 Nov. 12,1930 Nov. 20.1929 R E S O U R C ES Gold with Federal reserve agents . . .. 1,589,056 1,598,251 1,548,485 Gold redemption fund with U.S.Treasury . 35,082 34,255 76,287 Gold held exclusively against F.R.notes 1,612,642,143,133 3 1,632,506 1,624,772 Gold settlement fund with F. E. Board . 500,471 492,364 718,728 Gold and gold certificates held "by banks 916,373 903,626 698,195 Total gold reserves 3,o4o,9%2 3,028,496 3,041,695 Reserves other than gold 150,302 148,764 153,933 Total reserves . . .. 3,191,234 3,i77,26o 3,195,628 Non-reserve cash 68,395 68,752 91,042 Bills discounted: Sec. by U.S.Government obligations 76,357 66,o64 429,160 Other bills discounted 128,630 ... 125,593 470.398 Total bills discounted . 205,037 191,657 899,55s Bills bought in open, market . . .. .178,273 207,342 283,831 U. S. Government securities: Bonds 39,110 38,137 76,791 Treasury notes 257,037 281,730 121,998 Certificates and bills 299,626 281,423 127,739 Total U.S.,Government s-jcurities 595,773 601,290 326,52s Other securities 6,297 6,297 20,348 Total bills and securities 985,380 1,006,586 1,530,265 Due from foreign banks 705 705 723 Uncollected items 613,143 *619,296 756,615 F. R. notes of other banks 18,339 *19,780 32,735 Bank premises 59,702 59,700 59,120 All other resources 21,564 lS,o43 11,493 TOTAL RESOURCES . . . 4,959,012 4,968,122 5,677,676 L I A B I L I T I ES F. E. notes in actual circulation . . 1,383,604 1,371,148 1,924,990 Deposits: Member bank - reserve account . . . 2,448,746 2,490,289 2,518,202 Government .. 37,137 24,196 18,936 Foreign bank . . . . . . . . . .. 5,433 5,419 5,480 Other deposits 22,879 19,757 - . 19,995 Total deposits 2,514,195 2,539,661 2,562,613 Deferred availability items . . .. 595,772 592,135 723,722 Capital paid in 170,455 170,464 167,854 Surplus 276,536 276,936 254,398 All other liabilities . . 18,050 17,778 44,099 TOTAL LIABILITIES . . .. 4,959,012 4,968,122 5,677,676 Ratio of total reserves to deposits and F. R. note liabilities combined . 81.9# 81.256 71.2^ Contingent liability on bills purchased for foreign correspondents . . .. 428,561 426,541 510,172 •Revised* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BA2TKS Oil NOVEMBER 19, 1930 R E S O U R C ES (In thousands of dollars) St. oSOOb Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 1,589,056 149,917 355,636 l40,000 180,550 65,000 118,500 159,000 70,545 46,595 65,000 28,550 209,763 Gold redemption fund with U.S.Treasury 35»082 1,583 14,225 1,750 2,035 1,436 1,816 1,142 1,619 817 1,470 l,ll6 6,073 Gold held exclusively against F. R. notes 1,624,138 151,500 369,861 l41,750 182,585 66,436 120,316 160,142 7722,,116644 4477,,441122 6666,,447700 29,666 215,836 Gold settlement fund with F.R.Board 500,471 21,945 165,721 37,371 53,008 2,237 6,971 72,060 33,069 14,580 27,969 10,194 49,346 Gold and gold certif. held by banks 916,373 39,063 564,329 29,615 59,763 9,489 8,089 150,100 9,123 4,938 7,64o 10,882 23,282 Total gold reserves 3,O4o,9S2 212,508 1,099,911 208,736 295,356 84,162 135,376 322,302 Il4,4i6 66,930 102,079 50,742 288,464 Reserves other than gold 150,302 i4,4is 38,512 9,893 9,718 7,437 10,022 21,124 9,196 4,534 6,697 8,391 10,360 Total reserves 3,191,284 226,926 1,138,423 218,629 305,074 91,599 145,398 403,426 123,612 71,464 108,776 59,133 298,824 Non-reserve cash 68,395 10,314 15,628 3,477 6,129 3,426 4,222 10,479 3,508 1,818 1,846 2,941 4,607 Bills discounted: Secured by ILS.Govt. obligations 7766,,335577 8,154 17,103 8,749 14,924 7,232 715 8,109 4,027 716 2,276 1,304 2,448 Other bills discounted 128,680 5,827 14,443 9,625 12,981 I4,I63 26,781 9,029 11,966 3,127 10,556 6,645 3,532 Total bills discounted 205,037 13,921 31,546 18,374 27,905 22,000 27,496 17,132 15,993 3,843 12,832 7,949 5,920 Bills bought in open market 178,273 15,422 45,897 2,945 18,605 9,825 10,363 19,996 7,160 4,776 8,912 5,96o 28,412 U. S. Government securities: Bonds 39,110 75% 3,194 642 239 1,177 24 20,021 508 4,615 44 7,243 45 Treasury notes 257,037 19,996 74,912 23,920 31,124 7,161 4,740 27,200 10,495 11,205 12,713 10,709 22,856 Certificates and bills 299,626 26,561 107,332 28,968 28,057 9,510 2,960 36,132 3,i4s 10,687 16,885 11,836 17,550 Total U.S.Govt, securities 595,773 47,315 185,444 53,530 59,420 17,242 7,724 83,353 14,151 26,507 29,642 30,388 40,451 6,297 1,000 1,000 Other securities 4,250 - - - - - 47 - w. - Total bills and securities 985,320 77,718 267,137 75,84g 105,930 49,673 45,523 120,487 37,304 35,173 51,386 44,297 74,843 Dae from foreign banks 705 r, 52 234 68 70 30 25 94 25 16 21 a 49 Uncollected items 613,143 66,977 162,671 53,199 59,752 45,290 17,945 73,312 30,396 11,870 36,349 20,726 34,056 F. R. notes of other banks 18,839 214 5,551 431 1,338 1,806 1,225 2,338 1,812 489 1,379 378 1,278 Bank premises 59,702 3,580 15,664 2,6l4 7,064 3,339 2,658 8,295 3,811 2,018 3,972 1,377 4,810 All other resources 21,564 485 5,616 260 1,195 777 4,101 581 5,740 4i4 635 451 1,309 TOTAL resources 4,959,012 386,266 1,610,924 354,527 486,552 196,540 2a,157 619,012 206,208 123,262 204,364 129,824 420,376 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AED LIABILITIES OF THE FEDERAL RESERVE BANKS Oil NOVEMBER 19, 1930 L I A B I L I T I ES (In thousands of dollars) St. 6800c Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. P.R.notes in actual circulation 1,383,604 124,921 242,174 116,261 184,468 68,076 123,992 142,115 79,846 4-8,166 68,711 32,565 152,309 Deposits; Member "bank - reserve account 2,448,746 153,155 1,035,836 l4i,664 192,552 63,233 58,941 339,555 72,919 51,203 87,258 57,855 189,57 Government deposits 37,137 2,405 12,713 1,956 1,699 2,282 2,263 2,340 3,249 1,100 1,607 2,839 2,68 Foreign bank 5,433 395 1,854 517 533 224 192 715 192 123 160 160 368 Other deposits 22,879 174 9,096 202 1,936 107 236 552 1,255 156 4i 27 9,097 Total deposits 2,514,195 161,129 1,059,499 144,339 196,720 65,846 61,632 343,162 77,615 52,582 89,066 60,881 201,724 Deferred availability items 595,772 66,188 157,061 49,691 58,984 43,325 17,157 71,103 31,222 11,419 32,615 22,369 34,638 Capital paid in 170,455 11,874 66,230 16,792 15,913 5,796 5,354 20,15 5,259 3,o6o 4,315 4,353 11,350 Surplus 276,936 21,751 80,001 26,965 29,141 12,496 10,857 40,09 10,877 7,143 9,162 8,935 19,514 All other liabilities 18,050 403 5,959 479 1,326 1,001 2,165 2,379 1,389 892 495 7a 841 TOTAL LIABILITIES 4,959,012 356,266 1,610,924 354,527 486,552 196,540 221,157 619,012 206,208 123,262 204,364 129,824 420,376 Reserve ratio (per cent) 81.9 79.3 87.5 83.9 80.0 68.4 78.3 83.1 78.5 70.9 68.9 63.3 84.4 Contingent liability on bills purchased for foreign correspondents 428,561 31,719 140,948 41,577 42,863 18,003 15,431 57,437 15,431 9,858 12,359 12,859 29,576 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.Agent 1,814,878 167,70c 5 Held by Federal reserve bank 431,274 42,781 l'M ^ % % 1:1? In actual circulation 1,383,6o4 124,921 242,174 116,261 184,468 68,076 123,992 142,115 79,846 48,166 68,711 32,565 152,309 Collateral held by agent as security for notes issued to bank: Gold and gold certificates l 5 %27? ' S? T39,900 ^,550 ^5,000 7,100 - 7,745 11,395 - 14,300 60,000 Gold fund - F. R. Board 78,626 100,100 165,000 DO.OOO m,4oo 159,000 62,800 34,700 65,000 14,250 149,763 Eligible paper 333,"44 27,155 53,095 17,150 42,703 30,531 36,613 33,029 20,805 7,253 20,634 12,834 31,992 Total collateral 1,922,900 177,072 403,731 157,150 223,253 95,531 155,H3 192,029 91,350 53,84s 35,634 41,384 241,755 MATURITY DISTRIBUTION OF BILLS MD SHORT TERM SECURITIES Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 91 days to Over 6 months Bills discounted 205,037 131,427 19,799 29,423 14,089 6 3 m , o 3 n 3 t 5 h s 1,409 Bills bought in open market 178,273 61,282 41,242 55,766 19,865 Certificates and bills 299,626 79,765 43,707 118 176 ,154 ' Municipal warrants 47 **47 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis