H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT IQR THE PRESS Released for publication. St, 681.3 Friday morning, Dec. 5> Federal Reserve Board not earlier. December 4, 1930. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve "bank credit outstanding during the week ending Decesibej4 3> as reported by the Federal reserve banks, was $1,093,000,000, an increase of $71,000,000 compared With the preceding"week and a decrease of $509,000,000 compared with the corresponding week in 1929. On December 3 total reserve bank credit amounted to $1,108*000,000, an increase of $80,000,000 for the week. This increase corresponds with increases of $50,000,000 in money in circulation, $3.4,000,000 in member bank reserve balances and $7,000,000in unexpended capital funds, etc*, and a decrease of $15,000,000 in Treasury currency, offset in part by an increase of $6,000,000 in monetary gold stock. Holdings of discounted bills increased $17,000,000 during the week, tlje principal changes being increases of $9,000,000 at the Federal Reserve Bank of New York, $6,000,000 at San Francisco and $3,000,000 each at Cleveland and Atlanta, and a decrease of $4,000,000 at Richmond* The System's holdings of bills bought in open market increased $43,000,000, of U. St bonds $9»000,000 and of Treasury certificates and bills $8,000*000, While holdings of Treasury notes declined $11,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending December 3, 1930, were as follows: Increase or decrease since Dec* 3 Nov. 26 Dec. 4 1930 1930 .1629- (in millions of dollars) Bills discounted 251 + 17 - 621 Bills bought 219- + 43 — ' 38 United States securities 602 + 6 + 247 Other reserve bank credit 36 + 14 a - TOTAL RESERVE BANK CREDIT 1,103 + 80 433 Monetary gold stock 4,572 + 6 4- 203 Treasury currency adjusted 1,772 - 15 - 9 Money in circulation 4,615 + 50 — 251 Member bank reserve balances 2,424 4- l4 + 23 Unexpended capital funds.nonmember deposits,etc. 413 + 7 10 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for poolication Friday morning, December 5>1930; not earlier. St. 6313a RESOURCES A3TD Lt/SILTTISS OF THE TWELVE FEDERAL i*E5JRV3 BAFKS COMBHED (In thousands of dollars) Dec. 3. 1930 Hov. 26.1930 Dec. 4.1929 R E S O U R C ES Gold with Federal reserve agents . . . . 1,538,506 1,592,506 1,642,065 Gold redemption fund with U. S. Treasury 36,833 35,085 76 , 287 Gold held exclusively against F.R,notes 1,612,652»53,3393 9 1,627,591 1,718,352 Gold settlement fund with F. R, Board 486,843 474,745 550,717 G-old and gold certificates held "by "banks 895,309 922,634 723,397 Total gold reserves . . . .. 3,007,491 3,024,970 2,992,966 Reserves other than gold . .. . .. 137,312 138,832 145,782 Total reserves . . .. 3,144,803 3,163,802 3,138,748 Non-reserve cash 61,565 6l,210 79,883 Bills discounted: Sec. "by U.S.Government obligations . 93,371 87,419 424,932 Other bills discounted 157,556 146,433 447,373 Total bills discounted . . . 250,927 233,852 872,310 Bills bought in open market . . . .. 218,937 176,106 256,51s U. S. Government securities: Bonds 54,363 45,742 37,955 Treasury no tes 247,269 258,151 183,413 Certificates and bills 300,060 291,741 133,776 Total U.S.Government securitie 602,192 595,634 355,144 Other securities 6,358 6,343 18,69s Total bills and securities 1,078,414 l,oll,94o 1,502,670 Due from foreign banks . . 2,652 707 724 Uncollected items . . . . 571 = 488 531,631 661,650 F. R. notes of other banks 15,250 14,067 28,268 Bank premises 59,704 59:702 59,171 All other resources . . . . 191861 24,388 11,928 TOTAL RESOURCES . . .. 4,953,737 4,867,447 5,483,042 L I A B I L I T I ES F. R. notes in actual circulation . . 1,450,89s 1,421,868 1,938,470 Deposits: Member bank - reserve account . . . 2,423,932 2,409,929 2,401,001 Government 41,935 29,384 25,346 Foreign bank ; 6,152 5,377 5.774 Other deposits 20,248 18,723 20,562 Total deposits . , 2,492,267 2,463,413 2,452,683 Deferred availability items 544,819 516,493 623,940 Capital paid in . . . . .. 170,591 170,468 168,388 Surplus 276,936 276,936 254,398 All other liabilities . . . 18,22b 18,269 45,163 TOTAL LIABILITIES . . .. 4,953,737 4,867,447 5,483,042 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 79-8# 81.4# 71.5* Contingent liability on bills purchased for foreign correspondents . . . . .. 425,826 428,938 505*490 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH DECEMBER 3, 1930 R E S O U R C ES (in thousands of dollars) St. 6813b Total Boston Mew York Ehila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. S SI * •% l :% G°F? R?1notes1US1V6ly a^ainst 1,625,339 151,500 369,861 i4l,350.183,585 66,836 112,316 174,142 76,864 47,4i2 66,470 28,167 206,836 £ ld ^ r g o ^ r L r U f / h S d ^y 895:309 37:339 561:# 1:287 E'Ml ^7^96 136:737 %\515 ^1519 11:017 24:24! Total gold reserves 3,007,491 212,429 1,054,770 220,817 296,851 93,974 132,082 384,101 120,250 66,8% 95,%52 52,351 277,565 Reserves other than gold 137,312 10,695 35,4l5 8,269 9,l64 6,781 9,026 18,151 10,0l6 4,262 7,463 8,020—10,050— Total reserves 3,144,803 223,124 1,090,185 229,086 306,015 100,755 i4i,108 402,252 130,266 7i.ui 102,915 60,371 287,615 Non-reserve cash 61,565 8,932 15,653 3,077 3,959 2,4o6 3,7%9 8,827 3,876 1,319 1.509 2,817 5.W1 Secured by U.S.Govt. obligations 93,371 7,Obi 22,438 8,946 19,704 8,l66 722 9,084 5,208 764 3,ol7 1'389 ^,272 nt^AT. till* dienmmtAd 1^7.^6 6.Q75 24.527 12,203 l4.3l7 17,019 32,263 1 2,075 8,574 3,034 1 2,755 o,l46 7,668 ffotal bills discounted 250,927 14,036 46,965 21,149 34,021 25,185 32,985 21,159 13,782 3,798 16,372 7,535 13,9%0 Bills "bought in open market 218,937 17,776 68,668 3,300 20,877 11,152 12,795 23,779 8,337 6,519 8,208 6,561 30,965 U. S. Government securities: Bonds 54,863 2,096 7,466 1,750 1,653 1,658 203 a, 843 591 5,186 895 10,589 933 Treasury notes 247,269 18,943 74,64o 23,047 30,009 6,780 4,618 25,761 10,508 10,683 12,042 8,084 22,154 Certificates and "bills 300,060 26,276 110,264 28,733 27,758 9,4IO 2,966 35,749 3,052 10,568 16,705 11,215 17,364 Total U.S.Govt, securities 602,192 47,315 192,370 53,530 59,420 17,848 7,787 83,353 14,151 26,437 29,642 29,888 4o,45l Other securities 6,358 1,000 4,250 1,000 - - - - - 108 — — Total bills and securities i,078,4l4 80,127 312,253 78,979 11%,318 54,185 53,567 128,291 36,270 36,862 54,222 43,$84 85,356 Due from foreign banks 2,652 l42 1,407 186 19 2 81 25 257 69 %% 58 58 133 Uncollected items 571,488 64,432 154,081 53,173 53,762 44,350 16,389 65,464 23,463 11,853 31,293 20,596 32,632 F Re notes of other,"banks 15,250 2bj 3 »6i6 307 891 1 ,o4s 1,035 2,570 1*3^9 710 1,^35 309 ^->733 e Bank premises 59,704 3,580 15,664 2,6l4 7,066 3,339 2,658 8,295 3,811 2,018 3,972 1,877 4,810 All other resources 19,g6l 513 6,710 299 l,24l 976 4,0&7 102 2,379 %35 • 63% 583 1,322 TOTAL RESOURCES 4,953,737 381,097 1,599,569 367,721 487,444 207,l4o 222,598 616,658 201,483 124,352 196,038 130,595 4i9,o42 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS 'OH DECEMBER, 1930 L I A B I L I T I ES (In thousands of dollars) St. 6813c Total Boston Hew York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 1,450,898 130,568 271,472 124,816 189,992 78,182 125,065 l4l,o4o 84,373 49,510 67,765 32,610 155,505 Deposits: Member "bank - reserve account 2,423,932 147,721 1,013,238 145,511 191,967 63,842 59,435 346,472 71,224 51,690 84,702 59,073 189,057 Government deposits 41,935 4,082 11,042 4,944 3,468 3,519 3,741 1,810 2,217 924 678 3,422 2,088 Foreign bank 6,152 4n 2,4a6 538 555 233 200 744 200 128 167 167 .383 Other deposits 20,248 212 8,350 466 2,519 122 160 851 422 371 51 23 6,701 Total deposits 2,492,267 152,426 1,035,056 151,459 198,509 67,716 63,536 349,877 74,063 53,113 85,598 62,685 198,229 Deferred availability items 544,819 64,105 140,808 47,196 52,517 41,951 15,596 63,042 25,554 10,647 28,678 21,320 33,405 Capital paid in 170,591 11,874 66,233 16,789 15,913 5,780 5,354 20,154 5,251 3,060 4,314 4,353 11,516 Surplus 276,936 21,751 80,001 26,965 29,I4I 12,496 10,857 40,094 10,877 7,143 9,162 8,935 19,514 All other liabilities 18,226 373 5,999 4o6 1,372 1,015 2,190 2,451 1,365 879 521 6g2_ 873 TOTAL LIABILITIES 4,953,737 381,097 1,599,569 367,721 487,444 207,i4o 222,598 616,658 201,483 124,352 196,038 130,595 419,042 Reserve ratio (per cent) 79.8 78.8 83.4 82.9 78.8 69.1 74.8 81.9 82.2 69.3 67.1 63.4 8I.3 Contingent liability on bills purchased for foreign correspondents 425,826 31,499 l4o,206 41,289 42,566 17,878 15,324 57,039 15,324 9,790 12,770 12,770 29,371 FEDERAL RESERVE NOTE STUTEMMT Federal reserve notes: Issued to F,R.,bank by F.R.Agent 1,874,572 166,190 4io,563 144,628 224,932 96,180 153,2 183,471 92,965 53,878 77,886 38,137 232,513 Held by Federal reserve bank 423,674 35,622 139,091 19,812 34,940 17,998 28 42,431 8,592 4,368 lo,ia 5,527 77,008 In actual circulation 1,450,898 130,568271,472 124,816 189,992 78,182 125,065 l4l,o4o 84,373 49,510 67,765 32,610 155,505 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 512,250 35,300 277,010 39,500 15,550 5,150 7,100 30,000 11,445 11,895 - 14,300 65,000 Gold fund - F. R. Board 1,076,256 Il4,6l7 78,626 100,100 165,000 60,000 102,900 i43,ooo 63,800 34,700 65,000 12,750 135,763 Eligible paper 407,749 29,293 85,4%9 18,613 47,328 34,378 44,432 4o,33o 20,523 8,915 23,398 12,936 42,154 Total collateral 1,996,255 179,210 441,085 158,213 227,878 99,528 154,432 213,330 95,768 55,510 88,398 39,986 242,917 MATURITY DISTRIBUTION OF BILLS AtJD 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 250,927 167,328 23,983 28,745 19,230 10,701 940 Bills bought in open market 218,937 84,859 51,691 68,277 l4,062 48 Certificates and bills 300,060 72,765 38,707 188,588 Municipal warrants 108 ~ 74 10 24 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis