H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMMT FOR THE PRESS Released, for publication a-^xf Friday morning, Jan. lb; Federal Reserve Board not earlier. , January 15> 1931* CONDITION OF FEDERAL RESERVE BASKS The average daily volume of Federal reserve bank credit outstanding during the week ending January l4 as reported by the Federal reserve "banks was $1,175,000,000, a decrease of $120,000,000 compared with the preceding week and of '$138,000,000 compared with the corresponding week in 1930. On January l4 total reserve "bank credit amounted to $1,111,000,000, a decrease of $137,000,000 for the week. This decrease corresponds with decreases of $133,000,000 in money in circulation and $5,000,000 in unexpended capital funds, etc., and an increase of $23,000,000 in monetary gold stock, offset in pari by an increase of $20,000,000 in member bank reserve balances and a decrease of $3,000,000 in Treasury currency. Holdings of "bills discounted decreased $49,000,000 during the week, the principal declines being $18,000,000 at the Federal Reserve Bank of Hew York, |l4,00b,000 at San Francisco, $5,000,000 at Cleveland and $4,000,000 at Chicago. The System's holdings of bills bought in open market declined $69,000,000, of U. S. "bonds $10,000,000 and of Treasury notes^$12,000,000, while holdings of Treasury certificates and bills increased $6,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending January l4, 1931, were as follows: Increase or decrease since Jan. l4 Jan. 7 Jan. 15 1931 19 31 1A30 (in millions of dollars) Bills discounted 243 - 49 - 199 Bills "bought 196 69 127 - - United States securities 644 15 + 165 — Other reserve bank credit 27 4 29 - - TOTAL RESERVE BASK CREDIT 1,111 137 190 Monetary gold stock 4,b25 4- 23 4- 343 Treasury currency adjusted 1,781 3 12 — - Money in circulation 44,,664499 — 133 + 53 Member "bank reserve "balances 22,,446644 + 20 + 106 Unexpended capital funds,nonmember deposits,etc. 4o4 - 5 - 19 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Bel ease a for publication Friday morning, Jan. ID ,1531", not earlier. B-217a RESOURCES AND LIABILITIES OF THE THELVE FEDERAL RESERVE BASKS COMBINED (in thousands of dollars) Jan. 14.1931 Jan. 7.1931 Jan. 15.1930 R E S O U R C ES Gold with Federal reserve agents . . . 1,740,589 1,691,189 1,690,879 Gold redemption fund with U.S.Treasury 36, 288 37,126 61,627 Gold held exclusively against F.R.not 1,776,877 1,728,315 1,752,506 Gold settlement fund with F. R. Board 447,l4o 483,560 558,243 Gold and gold certificates held "by "banks 834,560 781,641 650,303 Total gold reserves 3,058,577 2,993,516 2,961,052 Reserves other than gold 172,878 153,832 193,465 Total reserves 3,231,455 3,147,348 3,154,517 Non-reserve cash S4,4gg 81,652 84,466 Bills discounted: Sec. by U.S. Government obligations 86,750 115,501 235,064 Other bills discounted 156,590 176,884 207,272 Total bills discounted .. . . 243,340 292,385 442,336 Bills bought in open market 196,180 265,456 323,347 U. S. Government securities: Bonds 105,419 ll4,9S2 69,629 Treasury notes . . 189,439 201,369 176,223 Certificates and bills 349,459 342,550 233,208 Total U.S.Government securities 644,317 658,901 479,060 Other securities 5,550 6,558 i4,ggo Total bills and securities . 1,089,387 1,223,300 1,259,623 Due from foreign banks 708 712 725 F. R. notes of other banks 26,015 25,468 39,626 Uncollected items . 568,311 521,013 705,297 Bank premises . 57,924 57,845 58,149 All other resources 2Q,4o3 20,890 12,263 TOTAL RESOURCES 5,078,701 5,07s,22s 5,314,666 L I A B I LI T I ES F. R. notes in actual circulation 1,552,702 1,624,898 1,782,371 Deposits: Member bank - reserve account . 2,463,596 2,443,859 2,357,650 Government 32,202 24,689 16,573 Foreign bank 5,758 5,779 7,011 Other deposits . 19,752 25,390 22,645 Total deposits 2,521,308 2,499,717 2,403,879 Deferred availability items 547,803 496,970 665,037 Capital paid in 169,807 169,668 171,107 Surplus 274,636 274,636 276,936 All other liabilities . « . 12,445 12,339 15,336 TOTAL LIABILITIES 5,078,701 5,078,228 5,314,666 Ratio of total reserves to deposit and F. R. note liabilities combined . . 79*3^ 76.3$ 75.: Contingent liability on bills purchased for foreign correspondents . . .. 448,809 440,326 527,435 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF TEE FEDERAL RESERVE BA3TKS Oil JANUARY l4, 1931 R ^S 0 U H C E S (In "fcli o-1! s 3,11 o.s of do Heirs) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Sold held exclusively against 459 ^>8 lbl,402 183,380 83,08? 134,254 l67,0?0 72,466 48,621 6l,44o 28,015 230,277 Z T s f f r- 1 : 2 ' • » : £ % : " S ™ S I t s ' 1 :5 1:2™:5 IS"°:S . . . . . . . . .. , g -s » 'S S - 5S , s; S :S , 5 : 8! * . iS 8$ S3 =.=K « T |S „ : s ?~ S5 ; IS !S SS '•££-:"™ n n ,n m m s ;S 11 &s ji j M j • » » » * >^ ^ ^ - » s n s » » .« »»»•«> OtlwlIcuriUes ' ll550 850. 2J00 ; h252 : = h ™ - S- : r ^ — ^7 T^.,1 , a securities 1,089.387 75,256 338,686 31,364 111,997 U7.59U 1 0 ,^ 145,545 41,794 35,952 55,428 to.810 74,,03 w 1 1 m g g p— || «1 > |§ | || § 11 f 1:1 | # <1 1 : All other resources 2 Li ^ TOTAL RESOURCES 5,078,701 367,537 1,729,522 387,397 480,517 209,493 229,392 607,024 196,176 120,443 194,86s 124,586 431,680 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

:s Oil JAZXJJiY 14, 1931 RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BA B-217c (in thousands of dollars) L I A B I L I T I ES St.Louis Minn* Kans.Cy. Dallas San Fran. To tal Boston Hew York Phila. Cleve. Ricn. Atlan.ua Cnica^o 82,164 50,844 68,026 30,010 173,556 F.R. notes in actual circulation 1,552,702 122,823 3 26,646 145,985 185,933 90,403 132,7^ 143,563 De M O F G p o o o e th m r s v i e e e b i r t r e , g n d r ; n m ; b e e " a p b n n o a k t n s d k i e — ts p o r s e i s t e s r ve account 2,46 1 3 3 5 9 2 , , , , 5 7 2 7 9 5 0 5 6 8 2 2 144 2 , , 9 7 4 7 5 2 8 7 1 8 9 1,087 6 1 9 , , , , 4 9 2 6 4 2 1 0 7 5 0 0 14 3 6 , , 7 8 1 5 2 7 2 6 9 8 3 5 189 2 2 , , , 9 8 0 5 1 7 4 7 5 2 2 7 53 3, , 0 7 1 2 1 9 8 2 0 6 2 8 58 3 , , 7 8 2 2 9 6 0 8 7 7 6 5 331 2 , , 9 4 7 S 5 I 7 o 6 5 1 2 S8,6 9 5 2 4 4 0 4 7 i 0 2 48,5 1 1 5 4 4 2 3 2 6 6 1 8 1 3 , , 2 4 1 7 1 6 6 2 2 6 8 5 1 7 , , 6 8 1 2 5 9 7 5 0 6 1 186 2 5 , , , 3 9 9 3 9 8 6 8 4 7 1 8 D Ca e p fe i r ta re l d p T a a o i v d t a a i l i l n d a e b p i o li s t i y t s i tems ',5 1 5 2 2 6 4 7 1 9 7 4 , , , , 3 8 8 6 0 0 3 0 8 7 6 3 14 6 1 2 3 8 1 1 , , , , 1 2 8 2 7 4 7 9 0 5 7 9 1,1 1 0 6 4 8 5 5 8 0 , , , , 1 6 8 5 8 7 9 7 9 4 5 2 1 4 1 5 2 6 6 1 7 , , , , 2 1 7 0 9 5 9 6 5 5 3 5 1 1 9 5 2 5 5 3 8 , , , , 4 2 9 9 o 5 0 7 6 4 1 1 6 1 3 2 5 2 8 , , , , 2 8 2 1 1 2 0 1 6 0 4 1 6 1 1 3 5 0 5 , , , , 1 3 3 8 5 3 3 5 5 5 3 7 3 6 3 3 2 5 5 9 0 , , , , 5 1 9 7 4 1 3 4 7 5 6 4 7 1 2 0 5 0 6 , , , , 3 0 7 5 3 4 1 6 0 2 4 2 4 9 9 3 7 , , , , 3 3 0 1 0 4 6 4 9 5 4 5 8 2 4 4 8 8 , , , , 9 2 7 5 1 6 0 2 8 5 2 5 5 2 8 4 9 0 , , , , 9 4 7 8 3 0 4 8 6 0 2 2 1 1 9 3 1 5 1 1 8 , , , , 8 7 4 5 3 3 7 0 0 5 4 0 Surplus 12,445 123 2,60S 104 1,052 739 1,969 2,119 1,364 736 432 Sib 585 All other liabilities 194,868 124,586 431,680 1,729,582 387,397 480,517 209,493 229,398 607,024 196,176 120,443 TOTAL LIABILITIES 5 ,078,701 367,537 66.0 S3.1 84.2 82.0 84.0 78.3 72.4 81.6 77.2 76.1 68.6 Reserve ratio (per cent) 79.3 79.8 Contingent liability on "bills par- 147,956 44,388 45,285 17,935 i6,l4l 60,529 15,693 10,312 13,003 13,451 30,489 chased for foreign correspondents 448,809 33,627 FEDERAL RESERVE MOTE STATT. .3l*T Federal reserve notes: Issued to F.R.bank "by F.R.Agent 2 058,736 162,558 % IS 130 Held by Federal reserve bank _ 516,034 39,735 326;^Ti45^85-i85!933 ~90,4o3 132,749 143,563 82,154 50,844 '68,026 30,010 173,556 In actual circulation 1,552,702 122,823 Collateral held by agents as security for notes issued to "b; Gold and gold certificates 636,409 35,300 ,104,180 104,617 ti -IE 1 :1 Gold fund - F. R. Board Eligible paper 391,968 25,174 56,312 85,142 37,358 258,327 2,132,557 165,091 529,070 184,461 229,537 110,028 163,677 220,744 92,810 Total collateral MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES 91 days to Over 6 months Total Within 15 days l6 to 30 days 31 to 60 days Si to 90 days 6 months Bills discounted 243,340 156,008 20,S6l 31,647 21,755 11,737 1,482 Bills bought in open market 196,180 102,715 37,931 24,858 29,7 22 111,4 9 3 5 1 4 211,921 26,107 Certificates and bills 349,459 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis