H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATE mm FOR TH3 ZEISS S B-320 Released for publication Federal Reserve Board, Friday morning, Apr. 24; April 23. 1331. not earlier. COilDITIOiT OF INDERAL RESERVE BALTICS The daily average volume of Federal z.e serve tank credit outstanding during the week ending Ao~ il 22, as reported "by the Federal reserve hanlcs, was $365,000,000, an increase of #0,000,000 compared with the preceding week and a decrease of $125,000,000 compared with the corresponding week in 1930. On April 22 total reserve bank credit amounted to ^11,000,000, an increase of $16,000,000 for the week. This increase corresponds with an increase of $24,000,000 in member "bank reserve "balances and a decrease of $11,000,000 in Treasury currency adjusted, offset in part "by decreases of $11,000,000 in money in circulation and $4,000,000 in unexpended capital funds, etc., and an increase of $3,000,000 in monetary gold stock. Holdings of discounted bills increased $3,000,000 during the week, the principal changes being an increase of $5,000,000 at the Federal Reserve Bank of Hew York and declines of $3,000,000 each at Cleveland and Richmond. Tne System's holdings of bills bought in open market increased $21,000,000, while holdings of U. S. securities were practically unchanged. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending April 22, 1931» were as follows: Increase or decrease s ince Apr. 22 Apr. 15 Apr. 23 1931 1931 1930 (In millions of dollars) Bills discounted 135 + 3 - 76 + 21 - 105 Bills bought 152 + 72 United States securities 595 26 Other reserve bank credit 7- - 9 - 119 TOTAL R3SERV3 BALTIC CREDIT + 16 Monetary gold stock + 3 + 274 - 11 Treasury currency adjusted 1.77S + 5 + 156 ioney in circulation 4,6ig/"L"' - 11 Member bank reserve balances 2,380 + 24 + 17 Unexoended capital funds,nonmember deposits,etc. 4l0 - 4 - 14 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for -.mblication Friday morning, April 24,1931; not earlier. B-3 20a RESOURCES M3 LIABILITIES OF THE TWELVE FEEKRAL R3S3RV3 BALTICS COMBINED (In thousands of dollars) At>r. 22.1931 Apr. 15,1931 Apr. 23.1930 R S O U R C ES Gold with Federal reserve agents . . .. 1,732,ol4 l,760,ll4 1,654,164 Gold redemption fund with U.S. Treasury 32,529 32,529 4I,I42 Gold held exclusively against F.R.notes l,815,143 1,792,643 1,695*306 615,295 Gold settlement fund with F. R. Board 557,493 523,304 825,911 Gold and gold certificates held by banks 790,l%7 735,799 Total %old reserves 3,162,823 3,141,858 3,O46,4oo 176,015 178,376 Reserves other than A,old 153,527 Total reserves ; . . . . 3,346,350 3,317,873 3,224,776 ITon-reserve cash . . . 72,118 76,178 66,357 Bills discounted: Sec. by U.S. Government obligations 44,415 40,336 93,129 91,668 118,362 Other bills discounted 90,835 211,491 Total bills discounted . . . 135,250 132,004 151,611 131,479 256,809 Bills bought in open market U. S. Government securities: 65,711 65,722 66,184 Bonds . .. 52,229 Treasury notes 52,232 176,525 Certificates and bills 480,586 480,684 284,6 79 595,635 Total U.S.Government securities . 598,529 527,388 Other securities 9,215 862,118 Total bills and securities . . . 885,390 1,004,963 697 711 Du.e from foreign banks 697 .19,506 F. R. notes of other banks 1.6,159 15.981 29, 6 Uncollected items 523,411 598,488 0 o 4 Bank premises 58,420 58,417 58,580 All other resources 16,741 16,963 11,499 TOTAL RESOURCES 4,919,28b ,946,715 5,016,056 L I A B I L I T I ES F. R. notes in actual circulation . . . 1,526,511 1,515,716 1,518,344 Deposits: Member bank - reserve account . . .. 2,379,785 2,356,415 2,363,314 Government 29,638 18,859 35,200 Foreign bank 5,495 5,183 5,775 Other deposits 20,874 25,733 17,897 Total deposits 2,435,792 2,406,190 2,422,186 566,027 605,006 Deferred availability items 498,113 Capital paid in 168,690 168,738 174,243 Surplus 274,636 274,636 276,936 All other liabilities 15,544 15,408 19,341 5,016,056 TOTAL LIABILITIES . . . . 4,919,286 4,946,715 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 84.5 $ 84.6$ 81. Contingent liability on bills purchased for foreign correspondents 422,880 424,148 459,983 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAMS OU APRIL 22, 1931 R E S O U R C ES (In thousands of dollars) B-320o Total Boston Hew York Phila. Clave. Rich. Atlanta Chicago St.Louis j/.inn. j£ans.. Dallas San .0ran. Gold with Federal reserve agents 1,7S2,6l4 146,917 351,919 160,000 192,550 84,070 144,400 285,000 68,830 44,515 09,000 23,bOO 215,7°3 Gold redemption fund with U.S.Treasury 3 2 .^ 1.1Q8 13.244 1.105 2.r)37 o33 1,021 3,985 Lx52Q 60S L3i5 Io4 4J+IS Gold held exclusively against , . , ^ F. R. notes 1,815,143 i4S,115 365,163 l6l,105 195,087 34,769 145,421 233,985 70,wo 45,184 00,349 24,3o4 220,201 26,279 Gold settlement fund with F.R.Board 557,493 45,975 177,s4l 54,263 49,359 18,959 12,511 102,325 23,255 13,903 16,287 16,531 Gold and gold cert if. held by banks 790,137 27,467 513.466 27.535 64.966 5,587 7,434—74,00J—11,434 5,50°—11,329 4,959—35,637 165,366 465,977 93,965 45,854 Total gold reserves 3,162,823 221,557 1,056,470 242,903 309,412 109,315 105,089 64,593 232,317 Reserves other than" gold 133,527 22,170 59,390 8,370 1 5,856 10,669 M00__„21,4q4 QJ97 3,766 7,470 M22 iiSli Total reserves 346,350 243,727 1,115,360 251,773 325,268 119,984 171,366 437,471 114,886 6s,364 101,435 53,983 292,233 Hon-roserve cash 72,118 6,968 19,911 4,113 4,228 4,531 4,903 9,796 5,219 l,6o4 l.SOo 3,254 5,780 Bills discounted: 971 Secured by U.S.Govt, obligations 44,415 2,719 17,108 5,816 5,806 8 51 243 5,364 3,621 314 920 132 7,295 Other "bills discounted 90,335 4,44i 14,084 10,006 5,962 11,036 9,805 7,473 4,868 3,037 8,139 4,589 Total bills discounted 135,250 7,160 31,192 15,822 11,763 11,937 10,043 13,337 8-.4S9 3,401 9,059 7,477 5,560 Bills bought in open market 151,611 17.510 40,935 105 19,430 43 6,106 21,032 7,923 5,632 7,768 5,106 19,966 U. S. Government securities: Bonds 65,711 1,202 21,523 989 520 1,324 279 20,590 666 7,6 6 7 0 8 3 1,1 3 1 79 0 10,242 319 Treasury notes 52,232 1,502 11,380 4,6o6 11,549 490 3,876 1,972 3,976 623 10,545 32,291 Certificates and bills 430,586 43,478 149,810 43,757 45,624 15,163 8,602 58,566 19,257 17,496 18,439 28,123 Total U.S.Govt, securities Total bills and securities 335,390 70,852 254,350 65,279 88,891 28,962 28,911 115,497 4o,3i6 34,310 50,607 41,857 64,518 16 21 Due from foreign banks ^ 697 53 223 70 72 28 25 95 25 21 43 1,221 1,011 F. R. notes of other banks 16,159 231 4,369 178 797 1,712 1,389 2,973 751 318 1,209 Uncollected items 523,4-11 63,655 138,853 49,259 49,713 3377,,335511 14,714 6622,,111166 21,497 9,393 27,548 19,079 30,233 Bank premises 58,420 3,453 15,240 2,6l4 7,192 33,,446655 2,573 88,,006611 3,636 1,926 3,803 1,831 4,621 All other resources l6,74l 3&7 4,681 628 1,670 1.076 L423_ 923 1,295 664 423 so4 747 TOTAL RESOURCES 4,qi9,23b 389,331 1,554,027 373,914 477,331 197,109 227,319 686,937 133,095 117,528 186,659 121,147 399,389 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES A1TD LIABILITIES OF THE FSDSR.IL RESERVE BANKS OH APRIL 22, 1931 3-320c (In thousands of dollars) L I A B I L I T I ES Dallas San Fran. Total Boston Hew York Fhila. 01eve. Rich. Atlanta Chicago St.Louis Icinn. Kans.Cy. 28,131 159,786 ^26,511 139,135 261,436 134,590 180,192 77,112 132,039 225,368 75,326 47,-848 65,5^3 F.B.notes in actual circulation 1, De M G p o e o m v s e b i r t e n s r : m t , a e n n k t d - e r p e o s s e i r ts v e 29, 6 a 3 c 8 count 2,379.785 1^ 2 9 , , 6 3 9 o 5 3 99 8 6 , , 7 3 9 3 8 2 147 2 , , 1 3 1 5 7 1 19 1 8 , ,4 6 1 6 9 0 C2 2 , ,1 4 1 56 6 59 2, ,9 6 4 68 4 337 2 , , 0 2 9 2 4 3 7 1 0 . , 6 9 5 0 8 5 4 1 8 , , 2 81 5 7 3 8 1 0 , , 0 4 6 83 0 5 1 6 , , 5 7 1 0 7 5 8 0 4 17 1 2 , , 3 4 0 2 8 5 O Fo th re er i g d n e b p a o n s k its 5 2 ,4 0 9 ,8 5 74 3 2 8 2 6 . 10 2 , , 0 0 6 4 7 3 5 3 0 2 9 5 2,2 5 7 2 9 0 1 2 4 0 7 6 1 2 8 1 5 8 6 7 9 8 5 1 I 2 S 9 O 6 1 3 1 4 8 l 1 4 4 9 9 5 78 5,7 3 5 5 5 0 A C D Su a l e l r p f p o e i l t t r u h a r s l e e d r p 2 T l a 7 a i ^ o i v d a , t a 6 b a 3 i l i i l n 6 d l a i e b t 1 p i i o o e l 8 s i s t , i y 6 t s 9 i t 0 2 1 e , 5 m 4 , 3 5 s 5 44 ,7 ^ 9 9 2 8 ,113 15 6 1 2 2 1 4 1 , , , , 5 8 2 2 2 3 2 4 9 8 6 9 4 9 s 1,0 1 1 6 2 8 7 5 4 4 0 , , , , , 2 5 8 3 5 4 4 3 7 9 0 9 2 5 5 15 4 1 2 0 4 6 7 , , , , 3 7 3 0 3 0 7 0 6 7 8 6 2 3 5 2 1 4 0 2 1 5 8 2 8 , . , , , 8 2 7 8 9 7 0 3 5 7 8 4 4 1 2 6 1 3 4 5 6 2 , , , , 4 9 7 1 8 1 2 2 1 1 7 5 4 4 7 6 1 1 3 4 0 5 2 , , , , , 2 0 0 8 1 5 1 5 1 3 % 5 8 7 2 3 1 3 4 5 9 9 0 8 2 , , , , , 9 9 7 6 3 2 3 9 1 0 8 6 3 1 1 7 1 2 4 3 1 0 3 , , , , , 3 0 5 s 0 4 3 2 0 6 9 o 5 3 2 5 8 3 0 7 , , , , 5 1 0 1 8 2 7 2 4 0 8 4 7 9 2 8 2 2 8 4 5 , , , , 1 2 7 5 4 8 4 2 0 5 7 3 1 2 s 5 2 4 8 3 0 , , , , 9 2 5 5 6 9 3 1 8 9 0 1 9 6 0 17 1 1 2 9 8 1 9 , , , , 8 4 4 0 1 3 6 7 5 1 8 5 2 0 s 919,286 121,147 399,389 389,331 1,554,027 373,914 477,831 197,109 227,319 686,937 188,095 117,528 186,659 TOTAL LIABILITIES 4, 86.0 69.5 68.7 52.3 87.3 Sc.4 84.9 84.5 87.9 86.1 77.4 Reserve ratio (per cent) 84.5 83.6 Contingent liability on "bills pur- 138,21s 41,999 42,848 16,969 15,273 57.272 14,848 12,303 12,727 28,848 9,757 chased for foreign correspondents 422,880 31,818 FEDERAL RESERVE MOTE STATEMENT Federal reserve notes: 397,034 154,843 209,632 291,456 32,487 70,821 33,920 230,256 86,738 159,317 52,950 Issued to F.R.bank by F.R.Agent 1 ,939,247 15 2 9 0 , , 7 6 9 5 3 s 135,598 30,253 29,440 9,626 27,278 03,088 7,161 5,102 5,273 5,789 70,470 Held by Federal reserve bank 412,736 ,526,511 261,436 139,135 134,590 180,192 77,112 132,039 225,368 75,326 47,848 65,548 28,131 159,78o In actual circulation 1 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 65,000 16 7 ,3 ,3 0 0 0 0 5 1 5 6 ,0 0 0 , 0 7 63 121,300 180,000 74,000 135,000 203,000 54,800 37,700 Gold fund - F. R. Board 1 ,162,480 114,617 16,326 12,133 25,329 Eligible paper 261.546 24,612 52.823 13.386 30.806 11.799 15,708 34,136 15,691 8,797, 2,044,160 404,742 173,386 223,356 95,369 160,10s 319,136 84,571 53.312 81,326 35,733 241,092 Total collateral 171,529 MATURITY DISTRIBUTION OF BILLS AM) SHORT TERM SECURITIES 91 days to Over 6 months Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 6 months Bills discounted 135,250 78,833 12,564 19,451 12,333 10,001 2,06S 13,800 108 Bills bought in open market 151.611 95,439 29,167 13,097 Certificates and bills 480,586 5,000 19,200 91,716 40,300 149,743 174,627 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis