H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication St. 6848 Saturday morning, Jan. 3? Federal Reserve Board not earlier. January 2, 1931« CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending December 31 , a,s reported by the Federal reserve banks, was $1,399,000,000, an increase of $61,000,000 compared with the preceding week and a decrease of $282,000,000 compared with the corresponding week in 1929, On December 31 total reserve bank credit amounted to $1,373,000,000, a decrease of $52,000,000 for the week. This decrease corresponds with decreases of $125,000,000 in money in circulation and $4,000,000 in unexpended capital funds, etc., and increases of $23,000,000 in Treasury currency, and $4,000,000 in monetary gold stock offset in part by an increase of $104,000,000 in member bank reserve balances. Holdings of bills discounted declined $197,000,000 during the week, the principal changes being decreases of $80,000,000 at the Federal Reserve Bank of New York, $39,000,000 at San Francisco, $16,000,000 at Richmond/ $15,000,000 at Philadelphia. The System's holdings of bills bought in open market increased $104,000,000, of U. S. bonds $37,000,000, of Treasury notes $33,000,000 and of Treasury certificates and bills $18,000,000# Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending December 31» 1930, were as follows.: Increase or decrease since Dec. 31, Dec. 24, Dec. 31, 1930 1930 1929 (In millions of dollars) $ Bills discounted 251 381 Bills bought 364 28 United States securities 729 3 218 29 Other reserve bank credit 18 TOTAL RESERVE BANK CREDIT 1,373 209 Monetary gold stock 4,593 + 54 + 310 Treasury currency adjusted 1,798 + 23 + 20 Money in circulation 4,889 + 24 12? Member bank reserve balances 2,471 104 + 116 Unexpended capital funds.nonmember deposits,etc. 4o4 4 19 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Saturday morning, January 3,1931;not earlier. St. 6849a RESOURCES AND LIABILITIES OF THE imVE Z3D3BAL RESERVE BASKS COMBINED (in thousands of dollars) Dec. 31.1930 Dec. 24.1930 Dec. 31.1929 R E S O U R C ES 1,676,91s Gold with Federal reserve agents . . .. 1,730,433^ 1,703,400 Gold redemption fund with U.S. Treasury 35,450 73,287 Gold held exclusively against F.R.notes l,7b5,3$0 1,738,850 1,750,205 / Gold settlement fund with F. R. Board . 417,140^ 437,581 511,243 Gold and ^old certificates held "by banks 753,129 745,636 595,603 2,922,067 Total £old reserves 2,941,219 2,857,051 Reserves other than gold i4o,29s 115,499 153,877 Total reserves 3,081,517 3,037,566 3,010,928 81,909 79,932 59,750 Bills discounted: Sec. by U.S.Government obligations 8899,,44ee33rr--3377 219,422 353,528 Other bills discounted l6l,9i?- 6/ 228,927 278,893 Total bills discounted . . .. 251,398 446,349 632,421 392,209 Bills bought in open market 363,844 259,837 U. S. Government securities:" 76,817 Bonds 163,785 127,234 Treasury notes . 226,473 193,090 215,6o4 218,166 Certificates and bills 339,209 321,352 Total U.S.Government securities . 729,467 64i,676 510,587 12,300 Other securities 7,143 6,533 Total bills and securities . . 1,351,852 1,356,395 1,547,517 Dae from foreign banks 704 703 7a 706,588 Uncollected items 584,783 570,952 21,019 F. R. notes of other banks . . . . . .. 21,993 42,148 57,843 59,783 57,359 22,525 11,275 All other resources 22,024 TOTAL RESOURCES 5,200,648 5,128,693 5,458,445 L I A B I L I T I ES 1,663,53s F. R. notes in actual circulation . . .. 1,721,897 1,909,723 Deposits: Member bank - reserve account . . . .. 22,,447700,,558833 2,366,717 2,355,263 Government . . . 18,819 46,ISO 28,852 5,761 Foreign bank 5,656 5,710 Other deposits 21,970 18,396 23,850 2,517,133 Total deposits 2,436,949 2,413,675 Deferred availability items 564,007 503,448 672,922 Caoital paid in 169,64o 170,314 170,973 Sur plus 274,636 276,936 276,936 11,694 All other liabilities 19,149 14,216 TOTAL LIABILITIES . . . . .. 5,200,64s 5,128,693 5,458,445 Ratio of total reserves to deposit and F. R. note liabilities combined . . .. 73.7 fo • 73.0$ 69.6 £ Contingent liability on bills purchased for foreign correspondents 439,288 432,327 547,962 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAEKS ON DECEMBER 31, 1930 R E S O U R C ES (In thousands of dollars) St. 6g4gb Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve amenta 1,730,439 1^,917 420,729 160,000 185,550 83,150 1 29,900 173,000 74,885 ^,325 62,000 27,220 215,763 Gold redemption fund with ^ afiai"St 1.765.^151,409 434,761 161,553 188,463 85,525 132,137 174,097 76,479 49,127 63,44g 220.292 = 5:ir« SSi 1:8 'Si AS 1:3 tm TM 8:3 Total rold reserves 2,941,219 201,269 1,007,122 238,552 278,471 113,220 150,847 353,371 104,329 64,4ll 92,371 46,402 290,354 Reserves other than gold l4o,298 10,096 39,879 8,874 8,096 6,904 8,578 21,591 9,303 4,258 7,200 7A% 8,393 Total reserves 3,081,517 211,365 1,047,001 247,426 286,567 120,124 159,425 375,462 113,632 68,669 99,571 53,528 298,747 3on-reserve cash 79,932 6,473 22,285 5,1# 6,428 4,556 4,693^11,382 4,675 2,432 2,345 4,206 5.311 47? 10,891 4,962 403 1.298 744 5,893 #:%7 S &2 17,59ft,11,913 6,339 3,173 13,744 3,598 9,590 18,069 22,804 U,30l 3,576 15,042 Total bills discounted 251,398 13,238 61,898 25,663 37,216 22,766 Sills hou^-t in open market 363,844 25,315 158,273 3,496 25,931 10,936 U. S. Government securities: 163,785 3,877 89,226 3,289 3,6l4 2,010 BCUo1n1dUs8 Treasury notes 226,473 17,959 58,332 22,510 29,303 4jl6 Certificates and Mils 339,209 28,089 135,774 28,405 30,003 7,181 * CM 15,483 15,755 52,370 10,788 8,4ll 12,971 8.575 31,023 523 30,905 1,202 5,936 2,063 11,381 9,759 4,380 22,538 15,056 10,185 11,555 7,807 22,132 2,974 36,1OO 10,125 11,181 17,993 12,128 19,191 Total U.S.Govt, securities 729,^67 49,925 283,332 54,204 62,925 13,907 7,877 89,603 26,383 27,302 31,611 31,316 51,082 Other securities 7>l43 850 2,850 6l0 1,000 ~ 600 1,000 ~ 23j) " ~ Z Total "bills and securities 1,351,852 89,328 506,353 83,973 127,072 47,609 42,301 165,777 48,472 39,522 59,624 44,233 97,588 584,783 65,63s 183,283 51,Sol 53.979 38,1$ 12.846 68,6^2 a,517 10,366 31,675 17.362 2 9 .® T. B. notes of other bajto 21,993 337 7,173 350 1,397 2.266 1,685 2,333 1,056 805 1.795 487 2,306 . Z fi ^'967 4 ii 1% X' \t ^ TOTAL RESOURCES 5,200,648 376,727 1,790,181 391,515 483,337 216,941 228,101 632,857 196,820 124,264 199,078 122,218 438,609 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES A2ID LIABILITIES OF THE FEDERAL RESERVE' BAMS OF DECEMBER 31, 1930 L I A B I L I T I ES (in thousands of dollars) St. 6s4gc Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes ia actual circulation 1,663,532 132,035 334,976 153,727 194,94s 100,515 133,854 139,162 84,599 53,558 68,424 31,901 185,839 De-posits: Member tank - reserve account 2,470,583 150,936 1,062,276 142,539 186,377 60,820 61,014-360,832 69 > ,521 48,447 87,705 57,533 182,583 Government deposits 18,819 82Q 4,113 1,344 2,24o 444 1,211 2,590 1,089 1,280 1,597 673 1,409 5,761 ' Foreign "bank 425 1,903 558 575 24i 207 770 207 132 173 173 397 Other deposits 21,970 65 9,555 163 2,697 16s 479 960 534 139 *54 119 7,037 Total deposits 2,517,133 152,255 1,077,347 l44,6o4 191,889 61,673 62,911 365,152 71,351 49,993 89,529 53,498 191,426 Deferred availability items 564,007 59,167 178,877 49,256 50,765 36,110 13,130 66,524 23,934 9,776 27,711 17,964 30,793 Capital paid in 169,64o 11,377 65,573 16,793 15,313 5,801 5,346 20,145 5,053 3,063 4,311 4,356 11,504 Surplus 274,636 21,299 80,575 27,065 28,971 12,li4 10,357 39,936 10,562 7,144 8,702 8,936 18,475 All other liabilities 11,694 94 2,328 70 951 723 2,003 1,938 1,321 725 4oi 563 572 TOTAL LIABILITIES 5,200,648 376,727 1,790,181 391,515 483,337 216,941 228,101 632,857 196,820 124,264 199,078 122,218 438,609 Reserve ratio (per cent) 73.7 74.3 71.6 82.9 74.1 74.1 81.0 74.5 72.9 66.3 63.0 59,2 79.2 Contingent liability on bills purchased for foreign correspondents 439,288 32,153 147,736 42,147 43,450 13,249 15,642 53,224 15,642 9,994 13,035 13,035 29,981 FEDERAL RESERVE NOTE STATIST Federal reserve notes: Issued to F.R.bank by F.R.Agent 2,093,625 167,190 524,757 181,135 233,591 110,075 161,86$ 139,407 94,870 5S,7O4 82,446 38,510 251,074 Held by Federal reserve bank 430,037 35,155 139,781 27,408 33,643 9,560 28,012 50,245 10,271 5,146 14,022 6,609 65,235 In actual circulation 1,663,538 132,035 384,976 153,727 194,94s 100,515 133,854 139,162 84,599 ""53,55s 68,424 31,901 185,839 Collateral held by agent as security for notes issued to bank Gold and gold certificates 621,009 35,300 395,729 38,700 20,550 5,150 7,500 30,000 14,085 11,325 17,170 45,000 Gold fund - F. R. Board 1,109,430 Il4,6l7 25,000 121,300 165,000 73,000 122,400 143,000 60,800 36,500 62,000 10,050 170,763 Eligible paper ^ 5 0 ' / 7 V ,7 C 8 -,- 3 T OJ 35,889 146,054 22,444 55,346 32,077 32,483 J7.0,281 20.427 10 C,5-O54 26,79 4, / 7^'-11,609 43.830 Total collateral 2,238,227 185,806 566,783 182,444 240,896 115,227 162,383 243,281 95,312 58,879 83,794 38,829 259,593 MATURITY DISTRIBUTION OF BILLS ArTD SHORT TERM SECURITIES Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days 91 days to Over 6 months 6 months Bills discounted 251,398 175,501 17,659 26,966 19,459 10,634 1,179 Bills bought in open market 363,844 219,272 68,062 47,2149 28,129 1,132 Certificates and bills 339,209 2,425 24,182 103,929 203,673 Municipal warrants 843 185 29 15 63.4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis