H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATElvZSNT FOR THE PRESS Released, for publication 2-379 Friday morning, June 12; Federal Reserve Board not earlier. June 11, 1931. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending June 10, as reported by the Federal reserve banks, was $934,000,000, an increase of $10,000,000 compared with the preceding week and a decrease of $60,000,000 compared with the corresponding week in 1930. On June 10 total reserve bank credit amounted to $929,000,000, a decrease of $9,000,000 for the week. This decrease corresponds with increases of $10,000,000 in monetary gold stock and $52,000,000 in Treasury currency, adjusted, and a decrease of $8,000,000 in unexpended capital, etc. , offset in part by increases of $51,000,000 in money in circulation and $9,000,000 in member bank reserve balances. Holdings of discounted bills increased $6,000,000 at the Federal Reserve Bank of San Francisco, $5,000,000 at Chicago, $4,000,000 at Cleveland and $12,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $7,000,000 and of Treasury certificates and bills $2,000,000, while holdings of United States bonds increased $3,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending June 10, 1931. were as follows: Increase or decrease since June 10, June 3. June 11, 1931 1931 1930 (in millions of dollars Bills discounted 185 + 12 - 25 Bills bought 127 - 7 - 21 United States securities 599 + 1 + 20 Other reserve bank credit IS - 15 - 45 TOTAL RESERVE BANK CREDIT 929 - 9 + 10 Monetary gold stock 4,803 + 277 Treasury currency adjusted 1.799 + 52 + 13 Money in circulation 4,723 + 51 + 264 Member bank reserve balances 2,393 + 9 - 11 Unexpended capital funds.nonacrnber deposits,etc 409 8 - 9 c Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 12,1931; not earlier. B~379a RESOURCES MD LIABILITIES OF THE TWELVE FEDERAL RESERVE BA1TKS COMBIIED (in thousands of dollars) June 10.1931 June 3.1931 June 11.1930 RESOURCES Gold with Federal reserve agents 1,883,674 1,778,164 1,626,21'j Gold redemption fund with U.S.Treasury . . 33.Il4 32,614 37,33b Gold held exclusively against F.R.notes 1,916,788 1,810,778 1,653,550 Gold settlement fund with F. R. Board . . 492,820 585,115 593,097 Gold and gold certificates held by banks 867,395 863,217 —517,8 'o Total gold reserves 3.277,003 3,259,110 3,079*496 Reserves other than gold 167,599 l67>948 —164,70S Total reserves 3,444,602 3,427,058 3,2-X,204 Hon-reserve cash • 74,673 67,930 06,3^4 Bills discounted: . , , Sec. by U.S. Government obligations . . 77*098 67,140 Other bills discounted 107,657 105,686 _l^,o22 Total bills discounted * 184,755 172,826 210,48t Bills bought in open market 127,217 134,155 148,172 77.118 73,715 52.001 L u n L ? o seLd m1I= : : : : : : : :: ^ : %o Total U.S. Government securities . 599,024 598,348 578,707 Other securities 1,687 1*^87 3,859, Total bills and securities . . .. 912,683 907.016 943,213 i E =l MM Jl TOTAL RESOURCES 4,995,801 *5.044,674 '1,951,302 L I A B I L I T I ES F.R.notes in actual circulation . . . .. 1,641,949 1,583.574 1 , 9 99 Member bank - reserve account 2,397.856 2,^8f^'''%n'non ::::::::::::: f : Other deposits 21,1^9 30»37% ,,v X Total deposits . . . . . . .. 2,4^0,Oil *2,483t938 2,463,197 Deferred availability items 453,037 ^¥1'}}* iln'ccc m . . . w. ^ All other liabilities 17,79% l6.9$l ?• •• TOTAL LIABILITIES 4,995,801 *5,044,674 4,951,202 Ratio of total reserves to deposit and j? . F. R. note liabilities combined . . . 84.4# S^.pb S^.Ojo Contingent liability on bills purchased for foreign correspondents 370.185 375,331 .K •Revised figures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BANKS OH JUME 10, 1931 R E S O U R C ES (In thousands of dollars) B-379^ Total Boston Maw York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. Gold with Federal reserve agents 1,883,674 149,917 386,919 160,000 197,550 6l,570 123,600 401,900 6b,230 44,090 53,000 21,135 210,7o3 Gold redemption fund with U.S.Treasury 33.Il4 1,136 13,092 1,004 2,460 1,265 1,210 3,958 1.505 663 1»339 1 >Q?° •—2_ Gold held exclusively against F. R. notes 1,916,788 151,053 430,011 i6i,oo4 200,010 62,835 124,310 405,258 69,735 44,753 59,;39 22,193 215,187 Gold settlement fund with F.R.Board 492,820 29,950 143,264 65,057 49,137 9.1^9 8,292 93,073 26,039 l4,044 20,227 l4,122 20,446 Gold and gold cert if. held by banks 8o7.395 34.246 574,515 26,348 66,171 5,831 8,529 79,5oO 11,743 5,19° 10,6o2 2,349 42,231 Total gold reserves 3,277,003 215,249 1,117,790 252,409 315.318 77,835 l4l,53i 578,491 107,517 63,987 90,248 38,664 277,864 Reserves other than gold 167,599 12,245 58,5^"3 7 ,263 lb,229 10,571 2,022 18,173 8,872 3,^79 —22 Total reserves 3,444,602 227.4g4 1,176,333 259,672 331,547 88,706 149,659 596,664 116,389 67,866 96,710 47,154 286,408 Non-reserve cash 74,673 8,027 23,566 3,711 3,718 4,560 5,300 8,287 5,139 1,847 1,94s 3,64o 4,930 Secured by U.S.Govt, obligations 77,098 3,471 17,019 7,75% 8,94-3 4,978 534 7,034 1,788 376 9^0 24s 23,943 Other bills discounted 107,657 5,990 11,982 12,014 8,587 14,057 11,927 9,76q 5,064 3,5^3 10,1^5 9,4% 0,0jb Total bills discounted 184,755 9,46i 29,001 19,768 17,530 19,035 I2,46l 16,850 6,852 3,959 11,105 9,694 29,039 Bills bought in open rrarket 127,217 15,286 31,788 106 l4,l6 7 4,580 9,207 17,194 7,435 5,646 7, °36 4,854 9,118 s S ZT 11 & 1111 :i .a 11 is i;i ::s n Total U.S.Govt, securities 599$024 46,180 145*170 4$,353 62,690 29,983 20,673 81,897 25,442 25,625 33*7-0 29,239 4s,992 Other securities 1,687 ~ 1,650 ~ ~ 2 I _Z I ^ Total bills and securities . 912,683 70,927 207,609 69,227 9^,387 53,598 42j4l 115,9^1 39,729 35,267 52,721 43,787 87,149 20 21 48 Due from foreign "banks 698 52 229 69 71 28 25 9^ 25 1 1,173 381 1,479 F. R. notes of other "banks 15,309 213 4,803 138 S98 1,105 1,203 1*716 1,579 Uncollected items 468,173 51>338 121,630 42,850 43,875 36,389 13,339 5°>775 20,243 9,75& 27,462 16,277 26,239 Bank premises 58,618 3,458 15,240 2,bl4 7,319 3,537 2,573 b,06l 3,635 1,92 3,803 1,831 4,621 All other resources , 21,045 586 6,875 1,127 1,95^ 1,283 3,415 1,313 1,204 819 554 952 963 TOTAL RESOURCES 4,995,801 362,095 1,556,285 379,408 433,769 189,206 217,855 790,851 187,9^3 118,113 184,396 li4,o43 411,837 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE EkiDERAL RESERVE BAHB OH JUHE' 10, 1931 L I A B I L I T I ES (in thousands of dollars) B-379c Total Boston New York Pnila. 01eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. P,P..notes in actual circulation 1,641,949 134,781 271,144 146,669 193,905 72,l46 124,715 322,545 72,521 46,819 62,826 27,192 166,656 Dcp Member tank - reserve account 2,397,256 141,297 1,003,733 146,505 197,394 61,323 60,132 346,283 75,065 50,l6Q 80,422 55,415 179,243 Government deposits 14,313 625 3.70S 964 1,135 l,l6l 1,029 1,656 1,131 617 1,091 289 857 Foreign "bank 6,693 473 2,46o 625 637 252 227 352 221 145 183 189 429 Other deposits 21,149 110 9,159 295 2,470 134 192 1,322 277 194 1 33 76 6,784 Total deposits 2,440,011 142,505 1,019,065 148,692 202,136 62,375 6l,530 350,113 76,744 51,125 81,889 55,969 137,313 Deferred availability items 453,037 51,2'A n4,503 39,693 4i,666 35,494 13,330 56,082 21,931 9,H5 26,132 16,773 27,064 Capital paid in 168,370 11,337 65,495 16,775 15,740 5,694 5,194 19,330 4,318 3,006 4, 224 4,273 11,434 Surplus 274,636 21,299 30,575 27,065 28,971 12,114 10,357 39,936 10,562 7,144 3,702 3,936 13,475 All oth^r liabilities 17,793 421 5,498 509 1,351 883 2,179 2,295 1,367 904 623 900 060 TOTAL LIABILITIES 4,995,801 362,095 1,556,235 379,403 483,769 189 , 206 217,355 790,851 187,943 118,113 134,396" 114,043 411,337 Reserve ratio (per cent) 84.4 82.0 91.2 37-9 33.7 65.7 80.3 38.7 78.0 69.3 66.8 56.7 30.9 Contingent liability on bills purchased for foreign correspondents 370,135 27,790 121,555 36,653 37,424 i4,S22 13,339 50,022 12,969 3,522 10,746 11,116 25,197 FSIERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.Agent 2,076,103 153,353 425,212 173,159 220,086 83,376 144,673 410,302 51,753 52,327 66,977 33,333 225,547 Held by Federal reserve bank 434,154 23,577 154,068 26,490 26,181 11,230 19,953 87,757 9,232 6,003 4,151 6,64i 58,861 In actual circulation 1,641,949 134,781 271,144 146,669 193,905 72,i46 124,715 322,545 72,521 46,819 62,826 27,192 166,686 Collateral held by agent as security for notes issued to bank Gold and gold certificates 612,394 35,300 351,919 33,,700 12,550 10,070 9,900 73,900 13,930 6,790 . - 9,335 50,000 Gold fund - F. E. Board 1,271,230 114,617 35,000 121,300 185,000 51,500 113,700 323,000 54,300 37,300 53,000 ii.soo 160,763 Eligible paper 301,972 24,633 57,214 15,696 31,290 23,411 a,536 33,768 13,925 9,454 18,626 14,347 33,017 Total collateral 2,185,646 174,605 444,133 175,696 225,340 34,931 145,136 435,668 32,155 53,544 76,626 35,482 243,730 L1ATTRITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to Total Within 15 days lb to 30 days 31 to 60 days ol to 90 days Over 6 months 6 months Bills discounted 184,755 116,071 16,426 21,433 13,330 17,021 474 Bills bought in open market 127,217 52,076 39,003 30,927 5,034 177 Certificates and bills 459,679 19,617 39,300 51,350 50,125 108,272 201,015 Municipal warrants 37 37 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis