H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-372 Friday morning, Jtuie 5; Federal Reserve Board not earlier. June 4, 1931. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit oustanding during the week ending June 3, as reported by the Federal reserve banks, was $924,000,000, an increase of $33,000,000 compared with the preceding week and a decrease of $111,000,000 compared with the corresponding week in 1930. On June 3 total reserve bank credit amounted to $933,000,000, an increase of $52,000,000 for the week. This increase corresponds with increases of $35,000,000 in money in circulation and $8,000,000 in unexpended capital funds, etc., and decreases of $39,000,000 in Treasury currency, adjusted, and $2,000,000 in monetary gold stock, offset in part by a decrease of $36,000,000 in member bank reserve balances. Holdings of discounted bills increased $14,000,000 at the Federal Reserve Bank of San Francisco, $3,000,000 at Hew York and $20,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market increased $9,000,000 and of U. S. bonds $15,000,000, while holdings of Treasury certificates and bills declined $15,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending June 3, 1931, were as follows: Increase or decrease since June 3, May 27, June 4, 1?31 1931 1930 (in millions of dollars) Bills discounted + 20 - 67 Bills bought + 9 - 55 United Spates securities 598 + 54 Other reserve bank credit 33 +23 + 2 TOTAL RESERVE BAItiK CREDIT 93S + 52 ~ 65 Monetary gold stock 4,793 - 2 1-270 Treasury currency adjusted 1,74s - 39 - 34 M ney in circulation 4,673 + 39 +197 0 Member bank reserve balances 2,339 - 36 Unexpended capital funds,nonmember deposits, etc. 417 + S Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, June 5, 1931; ::ot earlier. 3-372a RESOURCES AKD LLABILITIES OF T:IL TWELVE IEDSZIAL NBS3AV3 BAZTKS COISINSD (in thousands of dollars) June 3.1931 May 27,1931 June 4,1930 R E S O U R C ES i Gold with Federal reserve agents . . .. 1,778,164 1,792,364 1,603,714 Gold redemption fund with U.S.Treasury . 32,6l4 32,514 37,856 Gold held exclusively against F.R.notes 1,810,778 1,824,878 1,641,570 Gold settlement fund with F. R. Board . 585,115 579,154 623,375 | Gold and gold certificates held "by banks 863,217 855,241 795,634 Total gold reserves . . . . 3,259,110 3,259,273 3,060,579 Reserves other than gold 167,943 173,241 164,710 Total reserves 3,427,058 3,432,514 3,225,289 66,396 Hon-reserve cash 67,930 7P,730 ' Bills discounted: 67,1k) 91.297 Sec. "by U.S. Government obligatio 50,489 Other bills discounted . . . .. 105,686 102,363 148,431 Total hills discounted 172,826 152,252 239,728 Bills "bought in open market . . . 134,155 124,501 189,240 U. S. Government securities: 50,050 Bonds 73,715 59,085 52,22s 52,227 232,774 Treasury notes 261,010 Certificates and bills 472,405 487,056 543,834 Total U.S. Government securities 598.348 598,368 768 Other securities 1,687 5,850 Total bills and securities . 907,016 S76.4S9 978,652 Due from foreign banks 692 699 709 F.R.notes of other banks 15,121 15,463 22,064 609,194 Uncollected items . , . . 547.349 451,313 53,580 53,671 Bank premises 58,585 o,v 1 12,495 All other resources , . . 2W%- 19,393 TOTAL RESOURCES . 5,04§W 4,925,181 4,973,470 t V, U W L I A B I L I T I ES F.R.notes in actual circulation 1,583,574 1,551,808 1,457,317 {Deposits: Member bank - reserve account . . .. 2,388,535 2,424,670 2,411,730 . . .. 58,305- 19,267 27,246 Government 5,439 Foreign bank . . .. 6,542 7,396 Other deposits • • • • 30,379 19,772 20,054 Total de-oosits 2, Mskrffoc 3-r'*2,471,105 2,464,519 Deferred availability items 517,116 442,526 584,850 Capital paid in 168,419 163,428 170,572 Surplus 274,636 274,636 276,936 All other liabilities . . , 16,991 16,673 19,276 TOTAL LIABILITIES 5,045,09? 4,925,181 4,973,470 v.(*-7y Ratio of total reserves to deposit and F. R. note liabilities combined . . . 84.3^ 35.3$ 32. 2$ Contingent liability on bills purchased for foreign correspondents 375,331 381,570 464,439 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AITD LIABILITIES OF THE FEDERAL RESERVE BMKS OH JUHE 3, 1931 R E S O U R C ES (in thousands of dollars) B-372fo Total Boston Hew York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Gold with rc-deral reserve agents 1,778,164 147,917 326,919 lbO.OOO 197,550 6 5,070 1 25,100 291,900 $7,730 44,6l5 58,000 22,o00 210,763 Gold redemption fund with U.S.Treasury 32,6l4 1,136 13,092 1,004 2,460 1,015 960 3.958 1.505 663 1.339 1.058 4.424 Gold held exclusively against F. R. notes 1,810,778 149,053 4oo,on 161,oo4 200,010 66,085 126,060 295*858 69 , 235 45,272 59.339 23.658 215.187 Gold settlement fund with F.R.Board 585,115 39,152 185,562 62,010 47,428 11,665 9,169 112,82? 30,846 16,327 22,464 11.919 29.746 Gold and gold certif. held by banks 263.217 33.733 571.207 24,460 66.378 5.420 8.115 81.380 11.354 5.000 10.278 4,ijoo 41,492 Total gold reserves 3,259,110 221,938 1,156,780 253,474 313,816 83,170 143,344 490,065 111,435 66,605 92,081 39.977 286,425 Reserves other than gold 167,942 11,486 59,64? 6,805 16,231 10,909 7,005 19.451 8,516 3,635 7,068 8,152 9,043 Total reserves 3,427,058 233,424 1,216,42? 260,279 330,04? 94,079 150,349 509,516 119,951 70,240 99,149 48,129 295,468 Hon-reserve cash 37,930 7,444 17,562 6,109 4,i4o 4,o6o 4,207 8.23? 4,712 1,922 1.584 3,091 4,862 Bills discounted: Secured by U.S.Govt, obligations 6?,i4o 3,541 16,686 7,914 5,728 4,776 622 5,570 2,552 703 928 314 17,806 Other bills discounted 105.686 6,329 13,241 11,798 8.180 14,252 11,876 6,772 5,523 3.490 9,904 9.114 5.207 Total bills discounted 172,826 9.270 29,927 19,712 13,908 19,028 12,498 12,342 8.075 4,193 10,832 9,428 23.013 Bills bought in open market 134,155 15,675 41,633 106 15,753 2,865 8,625 16,376 7,498 4,913 6,854 4,209 9,648 U. S. Government securities: Bonds 73,715 2,715 17,566 2,229 2,272 2,285 950 22,201 1.320 8,137 1,502 10,8^(8 1,630 Treasury notes 52,228 1.501 11,380 4,607 11,549 490 3.874 1.972 3,976 601 1,110 623 10,545 Certificates and bills 472,405 41,965 116,209 42,517 48,869 27,208 15,991 56.958 20.086 16,849 31,168 17,768 36.817 Total U.S.Govt, securities 592,348 46,181 145,155 49,353 62,690 29,983 20,815 81,131 25,442 25.587 33,780 29 , 239 48,992 Other securities 1,627 1,650 37 - - - - — - - - - . - Total bills and securities . 907,016 71,726 as, 365 69,171 92,351 51.876 41,938 109,849 4i,oi5 34,730 51,466 42,876 81,653 Dae from foreign banks 698 52 229 69 71 28 ^, 25 94 25 16 20 21 48 F. R. notes of other banks I5,ia 270 4,44l 175 906 1,621 / 943 2,187 1,020 643 239 316 1,760 Uncollected items 547,349 63,161 154,859 51,554 52,131 42,044 ! 13.029 63,366 24,723 9,922 26,712 18,327 27,455 Bank premises 52,525 3,458 15,240 2,6i4 7.319 3,504/ 2,573 8,06l 3.535 1,926 3,203 1.831 4,621 All other resources 2 5 78 6,4i6 1,176 1,974 1 , 6^ 3,533 1.385 1.205 801 561 1.048 972 TOTAL RESOURCES 5,04^09^380,113 1,633,539 391,14? 488,939 198,-905 216,597 702,695 196,346 120,200 ls4,i4o 115,639 4I6,839 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AtfD LIABILITIES OF TEE FEDERAL RESERVE BA2TKS Oil JUilS 3, 1931 (In thousands of dollars) B-372c L I A B I L I T I ES Total / Boston How York Ihila. Clave. Rich. Atlanta Chicago St.Louis Minn. Kans.0y< Dallas San IVan. F.R.notes in actual circulation 1,583,574/137,556 228,508 149,195 191,749 7^,207 127,317 235,470 73,710 47,477 63,243 27,426 167,716 <={1X Deposits: 2,388,535; 144,092 1,003,345 147,977 195.617 63,585 / 57,308 336,372 76,25s 50,653 80,051 54,005 179,272 Member "bank - reserve account 1,107 1,152 3,532 58,905 1,501 39,105 1,771 1,305 W5T 1,228 4,717 1,005 1,127 Go vcr nr.cn t deposits 6,542 582 1,335 76s 784 310 279 l,o4s 272 178 225 233 5 28 Foreign bank 30.379 357 12,823 820 3.656 543 K10 165 2.555 2.033 I5l 674 70 6.327 Other deposits 146,532 1,056,608 151,336 201,362 65,753' 58,980 344,692 79,568 52,314 32,057 55,460 189,659 Total deposits , ^"517,116 62,49s 137,445 46,288 49,800 40,123 12,060 6o,44o 26,319 9,459 25,319 18,656 28,709 Deferred availability items 168,419 11,83s 65,504 16,775 15,742 5,692 5,195 19,899 4,822 3,012 4,225 4,281 11,434 Capital paid in 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 Surplus 16.991 3Q0 4.899 488 1.315 q?4 2.186 2.258 1.365 7c)4 5C,4 880 846 All other liabilities 5,0457697 380,113 1,633,539 391,147 483,939 198,<m a6,597 702,695 196,346 120,200 l84,i4o 115,639 416,839 TOTAL LIABILITIES —^84.^ 82.2 90.4 80.6 S4.0 67.2 \ 80.7 87.8 78.3 70.4 08.2 58.1 82.7 Reserve ratio (per cent) x V Contingent liability on "bills pur- 3 28,158 123,414 37,16s 37,919 15,017 13,516 50,684 13,140 8,635 10,883 11,263 25,529 chased for foreign correspondents 375>331 FEDERAL RESERVE 1T0TE STATE:.SMT Federal reserve notes: ,964,821 160,765 418,765 173,445 221,533 83,441 l45,600 300,s4i si,602 52,479 67,379 33,549 225,422 Issued to F.R.bank by F.R.Agent 1 381,247 23,209 130,257 24,250 29,784 9,234 18,283 65,371 7.892 5.002 4,136 6,123 57,706 Held by Federal reserve bank ,583,574 137,556 288,508 149,195 191,749 74,207 127,317 235,470 73,710 47,477 63,243 27,426 167,716 In actual circulation 1 Collateral held by agent as security for notes issued to bank 608,384 33,300 351,919 38,700 12,550 10,070 9,900 73,900 13,930 6,815 - 7,300 50,000 Gold and gold certificates ,169,780 114,617 35,000 121,300 185,000 55,000 115,200 218,000 53,800 37,800 58,000 15,300 160,763 Gold fund - F. R. Board 1 21.534 20.975 28,484 15,065 8,961 17.354 13,380 32,512 284,062 25,486 55,783 15,980 28,548 Eligible paper 2,062,226 173,403 442,702 175,980 226,098 s6,6o4 146,075 320,384 82,795 53,576 75,354 35,980 243,275 Total collateral MATURITY DISTRIBUTION OF BILLS AITD SHORT TERM SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 6 months Over 6 months Bills discounted 172,826 107,645 14,893 a, 324 12,185 16,130 649 Bills bought in open market 134,155 62,110 33,242 34,418 4,008 377 Certificates and bills 472,405 22,352 39,300 35,500 59,050 120,682 195,521 Municipal warrants 37 37 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis