H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATBMEZE FOR THE PRESS Released, for publication B-395 Friday morning, June 2S; Federal Reserve Board not earlier. June 25, 1931. CONDITION OF FEDERAL RESERVE BASKS The daily average volume of Federal reserve bank credit outstanding during the week ending June 24, as reported t$r the Federal reserve banks, was $95^,000,000, an increase of $15,000,000 compared with the preceding we ok and a decrease of -$15,000,000 compared with the corresponding week in 1930. On June §4 total reserve "bank credit amounted to $9^0,000,000, an increase of $53,000,000 for the week. This increase corresponds with increases of $55,000,000 in member bank reserve balances and $12,000,000 in unexpended capital funds, etc., and a decrease of $10,000,000 in Treasury currency,, adjusted, offset in part by an increase of $22,000,000 in monetary gold stock and a decrease of $23,000,000 in money in circulation. Holdings of discounted bills declined $3,000,000 at the Federal Reserve Bank of Cleveland and increased $9,000,000 at San Francisco, $4,000,000 at Richmond and $13,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $1,000,000 and of Treasury certificates and bills $2,000,000, while holdings of U. S. bonds increased $20,000,000 and of Treasury notes $2,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending June 24, 1931, were as follows: Increase or decrease since June 24 June 17 June 25 1931 1931 1930 (in millions of dollars) Bills discounted 19S + 13 - 34 Bills bought 106 — l + 4 United States securities 619 + 20 + 42 Other reserve bank credit 38 + 22 + 13 TOTAL RESERVE BAH CREDIT 960 + 53 + 24 Monetary gold stock 4,915 + 22 +382 Treasury currency adjusted 1,734 - 30 - 32 Money in circulation 4,733 — 23 +307 Member bank reserve balances 2,457 + 56 + 71 Unexpended capital funds,nonmcmber deposits,e tc. 419 + 12 - 4 W. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 26,1931*, not earlier. B-395a RESOURCES AKD LIABILITIES OF THE TWELVE FEDERAL RESERVE BASKS COMBINED (In thousands of dollars) June 24,1931 June 17.1931 June 25,1930 R E S O U R C ES Gold with Federal reserve agents . . .. 1,903,284 1,908,344 1,600,214 Gold redemption fund with U.S. Treasury 30,166 32,666 36,812 C-old held exclusively against F.R.notes 1,933,450 1,941,010 1,637,026 Gold settlement fund with F. R. Board . 475,278 466,969 601,691 Gold and gold certificates held "by "banks 973,861 947,310 820,457 Total gold reserves . . .. 3,382,589 3,355,289 3,059,174 Reserves other than gold 175,059 170,985 172,637 Total reserves . . .. 3,557,648 3,526,274 3,231,-311 Non-reserve cash 74,422 71,114 67,339 Bills discounted: Sec. by U.S. Government obligations . 86,00b 76,323 84,887 Other bills discounted 111,672 109,065 146,618 Total bills discounted 197,678 185,388 231,505 Bills bought in open market 106,390 106,814 102,313 U. S. Government securities: Bonds 136,840 117,209 55,911 Treasury notes 53,882 52, 233 219,436 Certificates and bills 427,781 429,562 301,623 Total U.S. Government securities 618,503 599,004 576,970 Other securities 8,063 9,248 5,250 Foreign loans on gold 16,700 Total bills and securities 947,334 900,454 916,035 Due from foreign banks 2,699 699 709 F. R. notes of other banks . . . . 17,464 15,467 22,773 Uncollected items 446,117 570,441 570,390 Bank premises 58,782 58,730 59,552 All other resources 22,702 22,692 . 11,331 TOTAL RESOURCES . 5,127,168 5,165,871 4,879,943 L I A B I L I T I ES F. R. notes in actual circulation 1,674,18 1,668,313 1,402,869 Deposits: Member bank - reserve account . 2,457,474 2,401,114 2,386,435 Government 59,459 43,573 45,669 Foreign bank 19,987 5,576 5,35s Other dooosits 19,91S 22,136 21, U22 Total deposits 2,556,838 2,472,499 2,459,384 Deferred availability items 435,785 564,842 551,024 Capital paid in 168,244 168,325 169,736 Surplus 274,636 274,636 276,936 All other liabilities . . . 17,476 17,256 19,994 TOTAL LIABILITIES 5,127,168 5,165,371 4,879,943 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 84.1% 85.2$ >3.7% Contingent liability on bills purchased for foreign correspondents 367,700 378,717 463,642 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AIID LIABILITIES OF THE JTSDBEAL RESERVE EAITKS O.I JUITE 24, 1931 -^ocrh tj-pqci tt b r 11 s (In thousands of dollars) £>-JJD Total Boston Hew York Fnila. Cleve. R5i6ch. Atlanta Chicago Skt.3Louis Minn. Eans.Cy. Dallas San Fran. ,-.%vr^ \f£ ^ : :: ^ 3^i 6 o^i 9i^ ^ °°Fd H^notesP^ a" 1,933,450 151,014 399,279 160,91s 199,953 57,303 121,172 435,236 71,724 46,233 59,32o ^2,409 207,07s ^ f t g ' r a ' & S - re ^ % Total reserves 3,557,648 228,005 1,298,354 2o2,632 331,645 85,570 142,34s 601,562 111,483 6°,904 98,35" 46,20128 ,08b Hon-rsse™ 74,422 8,283 22,464 3,459 3,6o6 4,236 6,074 8,763 5,232 1,712 1.958 3,556 5,019 111:672 6:%o &%l. 9:300 j.™ * : 8? 3,11s 2 : : : :: % t :: i :: t: * & = :: !: 2 :! I! z 3II5 S a II3; j *.% x .g J" . . J l — I L J g —M L - M —J a - i i a. Total tills and securities 9^7,334a 72 4 ,597 229a,40? 69J,US 9^. 4 351 5 4 6,628 41 4 ,654 117 m ,759 **1,1 35 4 3o,19 1 o 52,9 0; @ 45,505 69, 4 779 « 690 5,127,16s 364,592 1,707,322 377,269 484,074 185,549 20S.5S5 795,126 122,603 116,819 182,054 112,485 4io, TOTAL RESOURCES Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES 0? THE FEDERAL RESERVE BAMS OH JUNE 24, 1931 L I A B I L I T I ES (In thousands of dollars) B-395c Total Boston New York Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dal1as San Fran. F.R.notes in actual circulation 1,$74,185 133,285 272,254 144,157 197,919 71,095 120,330 349,231 72,167 42,633 62,200 26,630 167,922 Depof its' Uerabd: b. rf.c - reserve account 2,457,474 13S.92S 1,119,476 144,115 129,922 59,290 54,950 316,662 71,760 47,144 32,015 54,412 172,734 Government deposits 59,459 6,420 16,512 7,110 4,165 4,129 3,05322 9,353 1,254 1,515 1,952 2,023 942 Foreign bank 19,937 967 11,337 1,276 1,302 516 464 1,740 451 296 374 327 877 Other deposits 19,912 25 9,029 121 1,919 25_ 73 1.230 231 230 23. 52 6,100 Total deposits 2,556,232 146,460 1,156,714 152,622 197,362 64,030 53,545 329,525 74,296 49,125 84,44o 56,940 186,653 Deferred availability items 435,725 51,27% 120,396 36,105 42,204 3U36 10,922 53,577 19,390 2,049 21,374 14,233 25,265 Capital paid in 162,244 11,237 65,459 16,775 15,699 5,692 5,194 19,2^2 4,218 3,004 4,221 4,248 11,419 Surplus 274,636 a, 299 80,575 27,065 28 , 971 12,114 10,857 39,936 10,562 7,144 8,702 * ', n J 3 6 18,475 All other liabilities 17,476 437 5,294 545 1,313 822 2,177 2,349 1,370 so4 517 598 290 TOTAL LIABILITIES 5,127,16s 354*592 1,707,322 37-7,265 484,074 185,549 208,535 795,126 182,603 116,819 182,054 112,485 410,690 Reserve ratio (per cent) 84.1 81.5 90.4 83.5 S3.9 63.3 79.4 83.5 76.1 62.4 67.1 55.3 30.1 Contingent liability on "bills purchased for foreign correspondents 367,700 27,737 119,101 36,67s 37,420 14,220 13,338 50,016 12,567 2,521 10,744 11,115 25,153 FEDERAL RESERVE NOTE STATELIEST Federal reserve notes: Issued to F.R.bank by F.S.Agent 2,097,809 157,145 420,991 172,092 223,483 79,940 139,489 438,211 22,002 53,082 69,073 34,123 227,578 Held by Federal reserve bank 423.620 23,860 142,137 27.935 25.564 2,845 13.659 38.930 9,835 4,449 6,273 7,493 59,590 In actual circulation 1,674,139 133,285 278,854 144,157 197,919 71,095 120,230 349,231 72,167 43,633 62,800 26,630 167,92s Collateral held by agent as security for notes issued to bank Gold and gold certificates 612,354 35,300 351,919 33,700 12,550 10,070 9,900 73,900 13,930 6,780 - , 5,305 50,000 Gold fund - F. R. Board 1,290,930 114,617 35,000 121,300 iS5,ooo 46,ooo 110,100 352,000 56,300 32,800 58,000 12,050 155,7°3 Eligible paper 225.405 23,049 54,541 16,103 26,723 25.641 19.860 27.892 13,193 3,371 16,705 l4,409 32,913 Total collateral 2,185,689 172,966 44i,46o 176,103 224,273 21,711 139,260 459,792 33,422 53,951 74,705 35,764 244,676 ivlATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days 6 months Over 6 months Bills discounted 197,673 126,332 14,470 22,.208 15,907 18,312 443 Bills bought in open market 106,390 57,073 27,232 17,220 4,032 117 Certificates and bills 427,721 15,5QO 57,550 131,615 123 , 273 94,343 Municipal warrants 63 63 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis