H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS B-302 Released for publication Federal Reserve Board, Friday morning, Apr. 17; April l6, 1931* not earlier. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending April 15, as reported by the Federal reserve banks, was $520,000,000, a decrease of $83,000,000 compared with the preceding week and ol $151,000,000 compared with the corresponding week in 1930. On April 15 total reserve bank 2 cred : it : a : mounted to $895>000»000' a decrease rr tary gold stock and $14,000,000 in Treasury currency adjusted, offset m part by increases of $15,000,000 in money in circulation and ip7,000,000 in unexpended capital funds, etc. Holdings of discounted bills declined $9,*000,000 at the Federal Reserve Bank of New York and $11,000,000 at all Federal reserve banks during the weelc. ihe System's holdings of bills bou^it in open market declined *41,000,000, of U. 5. bonds $1,000,000 and of Treasury notes $7,000,000, while holdings of Treasury certificates and bills increased $8,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending April 15, 1931, were as follows: Increase or decrease since Apr . .15 Apr . 8 W, 1.6. 1931 1931 1930— (In millions of dollars) 132 11 - 82 Bills discounted 131 4i - 171 Bills bought + 64 United States securities 599 Other reserve bank credit 33 + 17 - l4 TOTAL RESERVE BANK CREDIT 895 „ 34 - 204 4,716-"° + 10 + 278 Monetary gold stock Treasury currency adjusted 1,789 + 14 + 14 4,629^ + 15 + 124 Money in circulation Member bank reserve balances 2,356 33 - 24 Unexpended capital funds,nonmember deposits,etc. 4i4 + 7 - 13 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, April 17,1931; n°t earlier. B-308a RESOURCES A2TD LIABILITIES OF THE TWELVE FEDERAL RES3RVE BAMKS COMBINED (In thousands of dollars) Apr. 15.1931 Apr. 8,1931 Apr.16.1930 R E S O U R C ES Gold with Federal reserve agents . . .. I,760,ll4 1,733«ll4 1,688,084 Gold redemption fund with U.S.Treasury . 32,529 32,848 4l,24$ Gold held exclusively against F.R.notes 1,792,643 1,765,962 1,729,329 Gold settlement fund with F. R. Board . 523,304 540,763 592,097 Gold and gold certificates held "by "banks 825,911 824,296 710,0^5 Total gold reserves 3»l4l,858 3,131,021 3,031,491 Reserves other than gold 176,015 177,992 177,413 Total reserves 3,317,873 3,309,013 3,208,904 Non-reserve cash 76,178 78,100 65,027 Bills discounted: Sec. "by U.S.Government obligations . . 40,336 45,700 96,649 Other bills discounted $1,668 9^,885 H7>155 Total "bills discounted . . .. 132,004 142,58 5 213,804 Bills "bought in open market . . . . .. 131,479 1 71,729 30 2,4l4 U. S. Government securities: Bonds 65,722 66,719 68,478 Treasury notes 52,229 59 »225 177,583 Certificates and "bills 480,684 472,711 289,332 Total U.S.Government securities 598,635 598,655 535,393 Other securities . . . . . . . . . .. - ~ 9>865 Total bills and securities . 062,118 912,9^9 1,06l,476 Due from foreign banks 697 &97 711 F. R. notes of other banks 15,921 14,383 19,028 Uncollected items 598,488 475,629 717,552 Bank premises . . . . .. 58,417 58,364 58,509 All other resources . . l6,963 17,287 11,006 TOTAL RESOURCES 4,946,715 4,866,442 5,142,213 L I A B I L IT I BS F. R. notes in actual circulation . . . 1,515,716 1,505,143 1,547.869 Deposits: Member hank - reserve account . . .. 2,356,415 2,388,700 2,380,128 Government . 18,859 29,884 36,736 Foreign "bank 5>183 5,243 5,730 Other deposits . 25,733 18,680 20,538 Total deposits 2,4o6,190 2,442,507 2,443,132 Deferred availability items $66,027 *460,439 081,164 Capital paid in . . .. 168,738 168,713 174,153 Surplus 274,636 274,636 276,936 All other liabilities 15,408 15,004 18,959 TOTAL LIABILITIES . . .. 4,946,715 4,866,442 5,142,213 Ratio of total reserves to deposit and F. R. note liabilities combined . . . o4.6$ 83.8$ 80.4$ Contingent liability on bills purchased for foreign correspondents 424,148 429,536 459,446 H, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON APRIL 15, 1931 R E S O U R C ES (In thousands of dollars) B-303 -•= 'i:a vs, *•% Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. IS II IS S 15 825,911 30,822 5^,013 27|g59 6tj-*3U6 5J94 7^704 72^56 10,975 5,854 11.&6 4,948 ,35,474 Gold and gold certif. held by banks 3,141,858 218,318 1,050,695 251,345 302,275 107,565 166,627 447,530 107,387 62,360 95,434 43,447 288,875 Total £Qld reserves 176,015 15,686 57,474 9,186 15,923 10,657 5,854 20,686 9,761 4,139 7,681 8,889 10,079 Reserves other than gold 3,317,873 234,004 1,108,169 260,531 318,198 118,222 172,481 468,216 H7,l48 66,499 103,115 52,336 298,9^4 Total reserves 76,178 7,931 23,084 3,863 4,701 4,352 4,492 9,607 4,826 2,180 1,721 3,519 5,902 Non-reserve cash Bi S ll e s c d u i r s e c d o b u y n t U e . d S : .Govt, obligations 40,336 3,072 10,393 4,753 8,206 3,027 237 5,483 2,529 336 900 159 1,241 Other bill# discounted 91,668 4,462 15,751 9,632 6,231 11,442 9,533 6,868 4,961 3,079 8,035 7,167 4,501 Total bills discounted 132,004 7,534 26,144 14,385 14,437 14,475 9,770 12,351 7,490 3,415 8,935 7,326 5,742 Bills bought in open market 131,479 10,255 24,551 105 20,806 104 5,675 22,557 9,888 5,883 S,o4i 5,510 18,104 : : U. S. Government securities: If ,i i I 1 ;•! sli -',:S a 3# .;•§ .'.:a a >•: !si Bonds Treasury notes Certificates and bills 598,635 46,182 182,713 49,352 57.855 16,983 12,854 81,128 25,899 25,668 33,780 29,229 38,992 Total U.S.Govt, securities Total bills and securities 862,118 63,971 233,408 63.842 93,098 31,562 28,299 116,036 41,277 34,966 50,756 42,065 62,838 Dae from foreign banks 697 53 223 70 72 28 26 95 25 16 20 21 48 F. R. notes of other banks 15,981 219 5,284 185 1,166 1,282 1,393 2,061 66s 697 914 277 1,835 Uncollected items 598,488 64,380 165,82s 52.843 60,327 44,749 16,202 75,626 25,137 10,697 30,237 19,703 32,759 Bank premises 58,417 3,458 15,24o 2,6l4 7,192 3,465 2,572 8,061 3,635 1,926 3,803 1,830 4,621 All other resources 16,963 329- 4,662 634 1,672 1,093 3,48 6 957 i,34o 689 436 816 788 4,946,715 374,406 1,555,898 384,582 486,426 204,753 228,951 680,659 194,056 117,670 191,002 120,567 407,745 TOTAL RESOURCES Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES ASTD' LIABILITIES' OF THE FEDERAL RESERVE BAEKS ON APRIL 15, 1931 L I A B I L IT (In thousands of dollars) B-308C Total Boston Hew York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 1,515,716 134,435 261,754 137,442 181,091 78,483 131,392 212,522 76,156 48,35% 65,541 27,126 l6l,4l6 Deposits: Member bank - reserve account 2,356,415 140,042 974,558 152,964 198,466 62,075 6o,5i4 330,496 73,514 47,474 82,386 57,409 176,517 Government deposits IS,859 1,907 1,506 1,777 255 2,594 2,729 2,231 953 587 l,64o 1,081 1,599 Foreign bank 5,183 386 1,731 509 520 206 I85 695 180 118 149 154 350 Other deposits 25,733 122 15,128 357 2,338 101 l4i 628 399 205 298 63 5,953 Total deposits 2,406,190 142,457 992,923 155,607 201,579 64,976 63,569 334,050 75,046 48,384 84,473 58,707 184,419 Deferred availability items 566,027 64,111 150,735 47,338 57,338 42,630 15,841 71,929 26,127 9,949 27,586 20,728 31,215 Capital paid in 168,738 11,829 65,5^7 16,781 15,755 5,739 5,258 19,9^3 4,838 3,031 4,249 4,306 11,462 Surplus 274,63b 21,299 80,575 27,065 28,971 12,114 10,857 39,936 10,562 7,144 8,702 8,936 18,475 All other liabilities 15,408 275 4,364 349 1,192 811 2,034 2,279 1,327 . 804 451 764 758 TOTAL LIABILITIES 4,946,715 374,4o6 1,555,898 384,582 486,426 204,753 228,951 680,659 194,056 117,670 191,002 120 , 567 407,745 Reserve ratio (per cent) 84.6 84.5 88.3 88.9 83.2 82.4 88.5 85-7 77-5 68.7 68.7 61.0 86.4 Contingent liability on bills purchased for foreign correspondents 424,148 31,818 139,485 41,999 42,8^ 16,970 15,273 57,272 14,848 9,757 1 2,303 1 2,727 28,848 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.Agent 1, 929,937 160.924 398,657 164,695 210,348 87,480 155,046 277,839 83,505 53,824 71,408 34,458 231,753 Held by Federal reserve bank _ 414,221 264,19 136,903 27,253 29,257 8,997 23,654 65,317 7,349 5.466 5,867 7,332 70,337 In actual circulation 1, 515,716 134,435 261,754 137,442 181,091 78,483 131,392 212,522 76,156 48,358 65,541 27,126 161,4i6 Collateral held by agent as security for notes issued to bank Gold and gold certificates 620,134 32.300 351,919 38,700 12,550 10,070 9,400 82,000 14,080 6,815 - 7,300 55,000 Gold fund - F. R. Board l, 139,980 114.617 10,000 121,300 180,000 74,000 131,000 173,000 55,800 38,700 65,000 15,800 160,763 Eligible paper 254,107 17,761 47,255 12,617 34,675 13,966 14,995 34,673 16,619 9,059 16,505 12,387 23,595 Total collateral 2,014,221 164,678 409,174 172,617 227,225 98,036 155,395 289,673 86,499 54,574 81,505 35,487 239,358 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to bO days 6l to 90 days 6 months Over 6 months Bills discounted 132,004 73,825 14,367 19,640 12,291 9,819 2,062 Bills bought in open market 131,479 69,331 35,916 14,432 11,66l 139 Certificates and bills 480,684 5,000 29,422 122,794 159,712 163,756 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis