H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS . , . B-230 Released for publication Federal -Reserve Board Rriday morning, Jan. 30; January 29, 1931. not earlier. CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal reserve tazik credit outstanding during the $ 9 9 l o ^ O O o ! T S c ^ L r n 7 3 ! o O o ! o o H o S w e ^ w i th the preceding week and of o $220,000,000 compared with the corresponding week in 1930. On January 28, total reserve tank credit amounted to $956.000000, a de- "balances and an increase of $5,000,000 in monetary gold stocjc, offset m part hy a decrease of $6,000,000 in Treasury currency. Holdings of discounted tills decreased $15,000,000 during the week the siIEnn?r?EncisSEo!6$6 H.OO^SEoo'a-t'iSaeveBianlH'Sd'$3r^H0^ ,0S00 atE RicBhmondE and —an in- .. $9,000,000. Changes in the amount of reserve tank credit outstanding and m related items during the week and the year ending January 28, 1931, were as follows. Increase or decrease since Jan. 28 Jan. 21 Jan. 29 1931 • 1931 1Q30 (In millions of dollars) - 15 192 Bills discounted 215 - 120 - 32 - 138 Bills "bought SlO - 15 + 133 United States securities 19 Other reserve "bank credit 10 - 4 - 956 - 64 215 TOTAL RESERVE BAM CREDIT 4,637 + 6 + 347 Monetary gold stock 1,781 6 + 6 Treasury currency adjusted 4,544 - 49 + 36 Money in circulation - 16 + 117 MWeiUmUbCeXr tUaCUnUkXX r.e \serve "balances 2,42 5' + 1 l4 Unexpended capital funds,nonmember deposits,etc. 40) - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

B-230a Released for publication Friday morning, Jan. 30,1931;' not earlier. RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BMKS COMB DIED (In thousands of dollars) Jan. pg.iq^l Jan. 21,1931. JjHL-- R E S O U R C ES 1,763,219 l,654,164 1,784,009 Gold with Federal reserve agents . . . 35,66s 58,258 Gold redemption fund with U.S.Treasury 35,224 1,798,887 1,712,422 1,819,293 Gold held exclusively against F.R.notes 421,588 645,447 418,335 Gold settlement fund with F. R. Board 854,086 853,673 627,343 Gold and gold certificates held "by banks 3,074,148 2,935,212 3,091,714 Total gold reserves 180,136 203,144 180,718 Reserves other than gold 3,254,284 3,188,356 3,278,432 Total reserves 86,539 85,071 74,988 ITon-reserve cash • • Bills discounted: 68,206 79,612 220,31 2 Sec. by U.S. Government obligations 146,931 150,273 186,629 Other bills discounted 229,885 4O6,94i 215,137 Total hills discounted . . .. 120,241 151,625 258,472 Bills bought in open market U. S. Government securities: 96,632 69,570 Bonds 82,980 181,452 170,252 190,135 Treasury notes 346,507 236 , 71 4 336,762 Certificates and bills 609,577 624,591 476,536 Total U.S. Government securities 650 12,430 150 Other securities l,00b,75l 1,154,379 Total bills and securities . 945,405 712 721 Due from foreign banks 702 26,194 29,670 F. R. notes of other banks . . . . . 22,300 445,328 507,312 543,350 Uncollected items 58,034 58,260 Bank premises 58,034 19,032 12,810 18,642 All other resources TOTAL RESOURCES . . . 4,855,382 4,957,390 5,062,534 L I AB I L IT I BS 1,478,302 1,517,843 1,701,901 F. R. notes in actual circulation Deposits: 2,424,906 2,440,730 2,307,9*^8 Member bank - reserve account . . 34,629 22,650 35,075 Government 6,o4o 5,718 6,357 Foreign bank 18,583 18,734 20 , 272 Other deposits 2,488,154 2,369,013 2,484,475 Total deposits 494,734 527,238 435,879 Deferred availability items . . 169,712 171,416 169,531 Capital paid in 274,636 274,636 276,936 Surplus 12,311 16,030 12,559 All other liabilities 4,855,382 4,957,390 5,062,534 TOTAL LIABILITIES . . . Ratio of total reserves to deposit and 82.7$ 81.2% 78.3^ F. R. note liabilities combined . Contingent liability on bills purchased 442,435 448,667 535,229 for foreign correspondents . . .. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAZKS ON JANUARY 28, 1931 R E S O U R C ES (In thousands of dollars) ~ a nmfl held exclusively afialnst ^ ^ 4^,463 , o,335 86,4l4 132,724 180,0 8 78,458 43,818 66,432 27,732 225 , 266 l6l 332 19 5 - - S 2 -- , s a j ; g j i i i i H g g 5 g g || rrir;™^ % % % % % % ^ % : ! i = =" 5 :: a 5 55 ~ 11 i = s s i s z : j :; 3 f: f g a a g « « * g « r , •r.:";"'::. »•=» » • » 2 s s n~ || | -|| >i i| |11| a 4 -I -1 -1 f t All other resources la ,o4^ ±Hz p =-L^ 2—> 4,855.382 351,785 1,631,017 363,460 466,364 ay.434 225,530 590,071 187.717 119,376 189.619 1 20,438 406,571 TOTAL RESOUECES Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BANKS OH JANUARY''28, 1931 ' B—230c (In thousands of dollars) L I A B I L I T I ES Dallas San Fran. Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. 1,478,302 126,583 288,675 139,^15 178,883 86,310 132,805 143,125 79,996 48,997 65,556 27,923 160,034 F.R.notes in actual circulation Deposits: 2'% f lU i:^ 19 f:S 1:1: 3 1 ill 6 I:$ 1:| *1$ 58,683 179,338 Member bank - reserve account 0 2,286 4,183 Government deposits t-m i-n 171 388 100 « % ™ % Foreign "bank Li 5,521 Other deposits 189,930 2,484,475 145,393 1,078,532 143,078 198.195 64,162 62,163 334,294 69,32s 51.134 86,960 61,256 Total deposits II El 'IIII §1 si I I I I1 i If 17,348 26,036 Deferred availability items 4,365 11,497 Capital paid in 8,936 18,475 Surplus blO sqq All other liabilities 351,785 1,631,017 225,530 189,619 120,438 4o6,57l 4,855^2 363,460 466,364 233,434 590.071 127,717 119,376 TOTAL LIABILITIES 86.6 84.3 83.0 77.9 SI.2 81.9 77.1 71.7 70.5 64.2 86.3 Reserve ratio (per cent) 82.7 81.9 Contingent liability on Mils pur- 141,583 44,388 45,285 17,935 l6,l4l 60,529 15,693 10,312 13,002 13,451 30,489 chased for foreign correspondents 442,435 33, FEDERAL RESERVE NOTE STATEMENT 34,122 232,358 F I e s d s e u r e a d l r to es e F r . v R e .b a n n o k t e "b s: y F.R.Agent 1,986,829 157,510 4 m 8 o 9, . 1 4 5 8 9 4 1 3 7 3 3 ^ , 7 1 b 7 l 6 2 3 1 A 8 .4 ,3 4 2 3 6 1 1 0 5 1 ,6 ,9 5 6 2 2 1 2 6 A 1 .0 ,8 b 7 6 1 1 5 9 1 ^ ,2 ,3 6 8 1 6 — 9 1 0 0 ,0 ,0 2 3 8 2 5 4 3 . , 8 8 7 7 7 4 8 1 0 4 , . 0 5 5 0 7 1 6-iqq 72.324 Held by Federal reserve "bank 508.527—30.927. 288,675 139,415 178,883 86,310 132,805 143,125 79,996 48,997 65,556 27,923 160,034 In actual circulation 1,478,302 120,583 Collateral held by agent as security for notes issued to bank. 395,729 38,700 12,550 5,150 53,000 11,825 16,390 50,000 7.900 14,08 5 Gold and gold certificates 640,629 35,300 65,000 121,300 175,000 80,000 123,150 123,000 62,800 37,200 65,000 10,550 170,763 Gold fund - F. R. Board 1,143,380 109,617 iq.??6 8.qqq 20.301 p".o6o 17.374 Eligible paper 84,226 35,939 24l,064 2,076,069 162,291 523,391 181,870 219,720 106,224 162,288 213,6l4 90,634 54,808 Total collateral MATURITY DISTRIBUTION OF BILLS MD SHORT TERM SECURITIES 91 days to Over 6 months Total Within 15 days 16 to 30 days 31 to 31 to 6600 ddaayyss 6l to 90 days 6 months a, 021 10,924 2,077 Bills discounted 215,137 131,600 18,931 3 3 2 0, ,9 5 2 84 7 23,341 856 Bills bought in open market 120,241 45,372 17,745 122,070 189,085 25,607 Certificates and bills 336,762 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis