H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOB THE PRESS Released, for publication B-329 Friday morning, ivlay 1; Fedefal Reserve Board not earlier. April 30, 1931. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending April 29, as reported by the Federal reserve banks, was $924,000,000, a decrease of $4l,000,000 compared with the preceding week and of $951000,000 compared with the corresponding week in 1930. On April 29 total reserve bank credit amounted to $936,000,000, an increase Of $25,000,000 for the week. This increase corresponds with increases of $28,000,000 in member bank reserve balances and $13,000,000 in money in circulation, offset in part by increases of $2,000,000 in monetary gold stock and $5,000,000 in Treasury currency. Holdings of discounted bills increased $7,000,000 at the Federal Reserve Bank of San Francisco, $5,000,000 at Cleveland, $3,000,000 each at Boston and Philadelphia and $20,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market increased $18,000,000 and of Treasury certificates and bills $5,000,000, while holdings of United States bonds declined $6,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending April 29, 1931, were as follows; Increase or decrease since Apr. 29 Apr. 22 Apr. 30 1931 1931 1930 (in millions of dollars) Bills discounted 155 +20 - 78 Bills bought 170 +18 -r 40 United States securities 59s - 1 + 6s Other reserve bank credit 13 - 13 - 20 TOTAL RESERVE BAH CREDIT 936 +25 - 70 Monetary gold stock 4,721 + 8* +231 Treasury currency adjusted 1,783- ^ + 5 -1 - «6- Money in circulation 4, 62§~" + 135 « +14^ ^ Member bank reserve balances 2,408 + 28 +23 Unexpended capital funds,nonmember deposits,etc. 4os - 2 - 18 •April 22 figure revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, 1,1931; aot earlier. 3-3 2Qa RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAHKS 001#BED (in thousands of dollars) Apr. 29,1931 Aor. 22,1931 Apr. 30, 1930 R S O U R C ES Gold with Federal reserve agents . . . 1,782,3l4 1,782,614 1,642,214 ,097 Gold redemption fund with U.S.Treasury 32,529 32,529 4l Gold held exclusively against F.R.notes 1,814,843 1,815,143 1,683,311 Gold settlement fund with joard 557,493 6-34,847 5 >3,543 Gold and gold certificates held "by bank 806,323 790,187 754,502 Total gold reserves , 3,174,709 3,162,823 3,072,660 Reserves other than Cl old . , 177,359 183,527 178,937 Total reserves 3,352,ObS 3,346,350 3,251,597 62,607 lion-reserve cash 70,673 72,118 Bills discounted: Sec. by U.S.Government obligations 61,468 44,415 105,979 Other bills discounted . . « . . . 93,683 90,835 127,473 Total bills discounted . 155,151 135,250 233,452 Bills "bought in open market . . .. 169,765 151,611 209 , 564 U. S. Government securities: Bonds 60,457 65,711 66,136 Treasury notes 52,229 52,232 175,491 too,586 287,88 2 Certificates and "bills 485,620 Total U.S.Government securities 598,306 598,529 529,509 Other securities 350 - 9,700 982,225 Total bills and securities 923,572 885,390 Due from foreign "banks . . . 697 697 711 S1. R. notes of other banks 15,302 16,159 20,968 469,010 Uncollected items 523,411 535,651 Bank promises 58,420 58,420 58,580 All other resources 17,102 16,741 11,542 TOTAL RESOURCES . 4,906,844 4,919,286 4,973,881 L I A B I L I T I ES 1,526,511 R. notes in actual circulation 1,527,740 1,507,268 Deposits: Member bank - reserve account . 2,407,529 2,379,785 2,384,721 Government 31,037 29,638 22,674 5,365 Foreign "bank 5,683 5,495 21,173 Other deposits 18,591 20,874 Total dedosits . . . . .. 2,462,g4o 2,435,792 2,433,933 Deferred availability items 457,272 498,113 562,769 168,612 168,690 174,209 Capital paid in Surplus 274,636 274,636 276,936 15,744 18,766 All other liabilities . . . 15,544 4,919,286 TOTAL LIABILITIES . . .. 4,906,844 4,973,881 Ratio of total reserves to deposit and F. R. note liabilities combined 84.0$ 84.5$ 82.5$ Contingent liability on "bills purchased for foreign correspondents . . .. 410,076 422,880 465,458 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAiTZS OH APRIL 29, 1931 R E S O U R C ES (in thousands of dollars) B-329b Total Boston Hew York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Sold with Federal reserve agents 1,782,314 146,917 361,919 160,000 192,550 84,070 139,400 276,900 69,830 4$,815 65,000 24,100 215,763 Gold redemption fund with U. SiTreasury 32,529 1,198 13, 244 1,105 2,537 699 1,021 3,985 1,520 669 1,349 764 4,438 Gold held exclusively against F. R. notes 1,814,843 148,115 375,163 161,105 195,087 84,769 140,421 280,885 7l,4oo 46,484 6666,,334499 2244,,886644 220,201 15,602 17,367 114,121 15,77s Gold settlement fund with F.R.Board 553,543 31,754 189,970 53,683 43,314 23,910 11,939 12,413 23,692 27,628 11,090 Gold and gold certif. held "by hanks 800,323 31,551 523,235 65,501 5,612 7,568 77,059 11,197 5,i68 4,989 35,725 Total Aold reserves 3,174,709 211,420 1,088,36s 242,416 303,902 105,983 165,356 472,065 106,507 63,591 93,217 42,266 279,618 Reserves other than gold 177,359 15,167 59,255 8,322 16,027 10,853 6,572 21,372 9,714 4,019 7,566 8,401 10,091 3,352,068 226,587 1,147,623 250,73s 319,929 116,836 171,928 493,437 116,221 67,610 Total reserves 100,783 50,667 289,709 70,673 1,862 1,912 Eon-reserve cash 7,722 18,488 3,662 3,997 4,595 4,529 9,890 5,126 3,584 5,306 Bills discounted: Secured by U,2,lovt. obligations 61,468 5,165 17,139 7,282 10,247 1,625 359 6,535 3,137 447733 792 ISO 88,,553344 6,726 Other "bills discounted 93,683 5,163 13,421 11,462 11,418 9,962 7,134 5,036 3,156 7,832 7,723 4,650 10,321 13,669 7,903 Total bills discounted 155,151 10,328 30,560 18,744 16,973 13,043 8,173 3,629 3,624 13,184 169,765 61,663 105 8,015 8,276 Bills bought in open market 17*566 20,082 43 6,907 19,744 4,944 5,042 17,378 U. S. Government securities: 20,590 10,192 Bonds 60,457 1,202 16,523 989 520 1,325 253 666 77,,449999 379 319 490 602 623 Treasury notes 52,229 1,502 11,380 4,6o6 11,549 3,874 1,972 3,976 1,110 10,545 Certificates and bills 485,620 43,478 154,810 43,757 45,624 15,168 8,628 58,566 19,257 17,504 32,291 18,409 28,128 Total U< S,. G-ovfc. securities 598,306 46,182 182,713 49,352 57,693 16,983 12,755 81,128 23,899 25,605 33,780 29,224 38,992 Other securities 350 350 — — - - - - - - - - Total bills and securities 923 , 5 72 74,076 275,286 68,201 94,74s 30,069 29,983 114,541 40,087 34,178 50,680 42,169 69,554 Due from foreign banks 697 53 223 70 72 28 25 95 25 16 21 21 4s 258 4,934 1,051 2,063 566 336 1,556 F. R. notes of other banks 15,302 250 1,233 1,334 682 1,039 Uncollected items 469,010 57,199 122,779 45,417 44,338 34,492 15,064 58,836 20,301 8,542 22,685 15,242 24,115 8,061 1,926 4,621 Bank premises 58,420 3,458 15,240 2,6I4 7,193 3,465 2,573 3,635 3,803 1,831 694 All other resources 17,102 391 4,741 816 1,919 1,15S 3,350 793 1,210 445 780 805 TOTAL RESOURCES 4,906,s44 369,744 1,589,314 371,76s 473,247 191,876 228,786 687,716 187,287 115,394 181,36s 114,630 395,714 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AIJD LIABILITIES OF THE F-lS&Au teSSAY* BAHKS Oil APRIL 25, 1331 L I A B I L -1 T I B S (In thousands of dollars) B-329c Total Boston Hew York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. ICans. Cy. Dallo.s San Fran. ,527,740 136,231 262,977 135,459 184,147 76,214 130,0S1 221,725 74,712 47,434 64,490 27,380 160,890 F.R.notes in actual circulation 1 Deposits: 407,529 1 4o,l65 1,031,689 147,334 194-,607 61,209 62,951 343,807 72,365 47,738 80,822 55,375 169,467 Member bank - reserve account £ Government deposits 31,037 2,074 11,178 1,899 1,514 3,137 2,107 2,005 1,362 744 864 1 ,S4o 2,313 Foreign "bank 5,683 386 2,231 509 520 206 185 695 ISO 118 149 154 350 Other deposits 18,591 69 8,335 94- 2,292 101 211 556 265 130 ill 38 6,389 Total deposits 1 ;,462,84o 142,694 1,053,433 1 49,836 198,933 64,653 65,454 347,063 74,172 48,730 81,946 57,407 178,519 457,272 57,318 116,500 42,237 44,220 32,344 15,014 56,673 21,675 8,260 21,526 15,913 25,592 Deferred availability items Capital paid in 168,612 11,829 65,498 16,776 15,753 5,721 5,258 19,928 4,831 3,020 4,243 4,300 11,455 Surplus 274,636 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 15,744 373 4,331 395 1,223 830 2,122 2,391 1,335 806 46l 694 783 TOTAL LIABILITIES L ,906,844 369,744 1,589,314 371,76s 473,247 191,876 228,786 687,716 187,287 115,394 181,36s 114,630 395,714 Reserve ratio (per cent) 84.0 81.2 86.8 87.9 83.5 82.9 87.9 86.8 78.1 70.3 68.8 59.8 85.4 Contingent liability on bills pur- 410,076 31,150 131,390 41,118 41,948 16,613 14,952 56,070 14,537 9,552 12,044 12,46o 28,242 chased for foreign correspondents FEDERAL RESERVE NOTE STAIEI.-IENT Federal reserve notes: 1,932,278 162,521 396,376 162,777 212,103 86,111 155,966 285,943 83,920 52,508 70,112 34,638 229,303 Issued to F.R,bank by F.R.Agent 4o4,538 26,290 127,399 27,318 27,956 9,897 25,885 64,218 9,208 5,074 5,622 7,25s 68,413 Held by Federal reserve bank 1,527,740 136,231 268,977 135,459 184,147 76,214 130,081 221,725 74,712 47,434 64,490 27,380 160,890 In actual circulation Collateral held by a,,ent as security for notes issued to bank Gold and gold certificates 612,034 32,300 351,919 38,700 12,550 10,070 9,4oo 73,900 14,080 6,815 - 7,3oo 55,000 Gold fund - F. R. Board 1,170,280 Il4,6l7 10,000 121,300 iso.ooo 74,000 130,000 203,000 55,800 39,000 65,000 16,800 160,763 Eligible paper 300,969 27,836 76,937 16,877 33,778 12,804 16,795 33,176 15,223 8,323 l6,4lo 12,459 30,351 2,083,283 174,753 438,856 176,877 226,328 96,874 156,195 310,076 85,103 54,138 81,410 36,559 246,114 Total collateral MATURITY DISTRIBUTION OF BILLS A2ID SHORT TERM SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 155,151 98,316 12,065 19,123 13,143 10,277 2,227 Bills bought in open market 169,765 101,395 27,321 22,301 18,440 308 Certificates and bills 485,620 5,000 19,200 89,716 45,300 149,717 176,687 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis