H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATE!..IGSf? SDH THE PRESS Released for publication B-U51 Friday morning, Aug. l4; Federal Reserve Board not earlier. August 13, 1931' CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal reserve tank credit outstanding during the week ending August 12, as reported "by the Federal reserve "banks, was $1,047,000,000, an increase of $76,000,000 compared with the preceding week and of $46,000,000 compared with the corresponding week in 1930. On August 12 total reserve "bank credit amounted to $1,105,000,000, an increase of $133,000,000 for the week. This increase corresponds with increases of $54,000,000 in member bank reserve balances, $42,000,000 in money in circulation and $501000,000 in unexpended capital funds, nenmember deposits, etc., and a decline of $2,000,000 in Treasury currency, offset in part by an incr-ase of $9,000,000 in monetary gold stock. Holdings of discounted bills declined $10,000,000 at the Federal Reserve Bank of San Francisco, and increased $14,000,000 at York, $2,000,000 at Boston and $6,000,000 at all Federal reserve banks. The System's holdings of bills brought in open market increased $70,000,000, of TJ. S. bonds $13,000,000, of Treasury notes $3,000,000 and of Treasury certificates and bills $30,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending August 12, 1931• were as follows: Increase or decrease since Aug. 12 Aug. 5 Aug. 13 1931 1931 1930 (in millions of dollars) 195 + 6 Bills discounted + 4 136 Bills bought + 70 -18 72s +122 United States securities + 47 Other reserve bank credit 46 + 14 + 15 +123 TOTAL RESERVE 3A5TK CREDIT 1,105 +138 Monetary gold stock 4,964 + 9 ' -A76 — 2 Treasury currency adjusted 1,790 + 3 Money in circulation 4,390 + 42 +454 + 54 Member bank reserve balances 2,393 - 7 + 50 +156 Unexpended capital funds,nonmember deposits,etc, 577 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Aug. 14,1931; not earlier. B-451n RESOURCES MD LIABILITIES 0? TEE TiTELVE FEDERAL RESISTS BANKS COMBINED (In thousands of dollars) Aug.- 12.1931 Au". 5.1931 Ail;-:. 13.1930 R E S O U R C ES Gold with Federal reserve agents 2,077.688 2,063,779 1,546,714 Gold redemption fund with U.S.Treasury . . 2$ ,6 75 29,983 36,352 Gold held exclusively a.;ainst F.R.notes 2,107,363 2,093,762 1,533,06S Gold settlement fund with F. R. Board . . 479,711 447,519 551,212 Gold and • old certificates held by banks . 862,108 887,756 811,022 Total gold reserves 3,449,182 3 ,429 ,037 2,945,300 Reserves other than • old l68,899 l6g,761 lb9,702 3,115,002 Total reserves 3,618,081 3,594,79% 66,856 lion-reserve cash 75,091 73,019 Bills discounted: Sec. by U.S. Government obligations . . 67,623 69,901 62,209 Other bills discounted 127,357 113,67.4 128.306 Total bills discounted 194,980 188,575 190,515 Bills bought in open market 135,738 66,074 154,328 U. S. Government securities: 216,878 Bonds 230,454 59,608 Treasury notes 4o,24l 43,242 291,617 Certificates and bills . , 451,260 420,511 255,112 Total U. S.Government securities . . 727,961 680,631 606,337 Other securities 6,102 6,302 8,472 Total bills -and securities . . .. 1,064,781 941,532 959,652 Due from foreign banks 25,9^4 10,725 703 F. R. notes of other "banks l6,031 l6,078 19,639 Uncollected items 457,146 426,158 579,632 Bank premises 58,962 53,920 59,525 All other resources 30,700 29,389 15,617 4,816,686 TOTAL RESOURCES 5,346,756 5,150,669 L I A B I L I T I ES F.R. notes in actual circulation . . .. 1,829,301 1,772,672 1,332,991 Deposits: Member bank - reserve account 2,392,837 2,339>135 2,399,616 Government 15,074 12,l6l 29,563 Foreign bank 180,483 132,377 8,149 26,450 Other deposits 28,675 26,774 Total de-posits 2,617,069 2,510,447 2,463,778 558,011 Deferred availability items 443,095 411,380 169,769 Capital paid in 167 , 279 166,849 Surplus 274,636 274,636 276,936 15,201 All other liabilities 15,376 14,685 4,816,686 TOTAL LIABILITIES 5,346,756 5 150,669 Ratio of total reserves to deposit and F. R. note liabilities combined . . .. 81.4$ 83-9$ 82. ( Contingent liability on bills purchased for foreign correspondents 220,174 225,852 480,094 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES MD LIABILITIES OF THE FEDERAL RESERVE BAMS OH AUGUST 12, 1931 R E S O U R C ES (In thousands of dollars) B-451b Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold ;7ith Federal reserve agents 2,077,688 159,917 451,46S 170,000 212,550 58,570 107,400 476,900 74,330 4$,44o 6l,000 20,350 235.763 Gold redemption fund with U.S.Treasury 29.67 5 996 12.66l 1.736 2.257 893 1.058 3.859 1.460 640 1.206 1,036 1,873 Gold held exclusively against F. R. notes 2,107,363 l6o,9l3 464,129 171,736 214,807 59,463 108,458 480,759 75,790 50,080 62,336 a,386 237,636 Gold settlement fund with F.R. Board 479,711 26,662 133,549 59,154 55,306 14,498 13,4o6 67,777 12,230 l4,004 19,840 12,992 50,243 Gold and gold cert if. held by banks 862.108 35.902 55b.55l|. 28.681 65.017 5.20 2 8.186 103.277 10.129 4.912 5,054—29,6QQ Total ^old reserves 3,449,182 223,477 1,154,232 259,571 335.130 79,163 130,050 651,813 98.199 68,996 91,640 39,432 317,479 Reserves other than .gold 168.899 15.347 49.876 9.317 14.688 10.603 6.832 24.846 9,84o 1.992 7.265 7,895 8,398 89,766 Total reserves ' 3,6l8,08l 238,824 1,204,108 268,888 349,818 136,832 676,659 108,039 72,988 9%,905 47,327 325,877 "^on-reserve cash 75,091 10,144 23,673 3,6lS 3,268 3,786 4,863 9,198 4,727 1,59s 1,849 3,ol7 4,752 3ills discounted: „ . . Secured by U.S.Govt, obligations 67,623 3,712 30,171 5,463 8,742 1,655 770 6,223 3,922 58o 997 4ll 4,971 8.568 Other bills discounted 127.357 5.635 19.715 12.413 8.150 16,207 17.loo 6.126 3,91 2 11.076 1 2.671 5.718 Total bills discounted 194,980 9,347 49,886 17,876 16,892 17,862 17,936 14,791 10,048 4,498 12,073 13,082 10,689 Bills bought in open market 135,738 8,809 69,960 4,369 9,142 4,423 5,115 13,180 2,884 2,105 3,702 2,698 9,351 TJ. S. Government securities: Bonds 230,454 14,347 73,362 15,345 16,431 8,283 4,931 41,585 7,779 12,524 10,195 15,406 10,266 9,662 132 3,745 10,050 Treasury notes 46,241 1,003 4,203 10,975 3,642 1,310 417 739 363 Certificates and bills 451.266 37,811 116,531 34,919 Ui+ 679 21,142 13,748 52,437 18,952 14,828 ?8,l43 14,361 31,715 T Total U.S.Govt, securities 727,961 53,161 219,555 54,467 72,085 31,557 22,321 95,332 30,476 27,769 39,077 30,130 52,031 Other securities 6,102 250 2,340 710 350 185 175 455 200 182 780 160 315 Total bills and securities 1,064,781 71,567 341,741 77,422 98,469 54,027 45,547 123,75s 43,608 34,554 55,632 46,070 72,386 Du.e from foreign banks 25,964 80 5 19,347 1,062 1,083 429 386 1,448 25 17 311 322 729 F. R. notes of other banks 16,031 209 5,332 85 894 1,439 723 1,707 1,544 865 1,231 327 1,675 33,743 8,518 25,886 Uncollected items 457,146 52,837 122,737 41,892 43,045 11,945 57,451 19,064 24,934 15,094 Bank premises 58,962 3,45s 15,240 2,6I4 7,575 3,625 2,573 8,061 3,635 1,926 3,803 1,831 4,621 All other resources 30.700 843 14,602 1.362 1,999 1,592 3,106 1.908 1.170 1.228 706 1,132 1,052 TOTAL RESOURCES 5,346,756 378,687 1,746,780 396,943 506,151 188,407 266,025 880,190 181,812 121,692 187,371 115,720 436,97s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BAiKS OH' AUGUST 12, 1931 L I A B I L I T I ES (in thousands of dollars) B-45ic Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans,Cy- Dallas San Fran. F.R.notes in actual circulation 1,829,301 138,890 362,404 149,353 204,798 66,630 113,575 397,S65 72,014 49,968 64,067 26,934 183,003 Deposits: Member bank - reserve account 2,392,837 139,347 1,041,452 l46,ioS 188,009 61,802 54,725 339,192 65,188 47,248 79,575 52,961 177 , 230 Government 15,074 981 1,286 691 5a 1,492 1,219 1,923 1,307 1,296 1,591 1,094 1,673 Foreign "bank 180,483 13,263 61,824 17,507 17,861 7,074 6,366 23,873 6,190 4,067 5,128 5,305 12,025 Other deposits 28,675 ill 14,175 77 6,354 113 73 591 301 236 86 53 6,505 Total deposits 2,617,069 153,702 1,118,737 164,383 212,745 70,481 62,383 365,579 72,986 52,847 86,380 59,413 197,433 Deferred availability items 443,095 52,780 114,949 39,235 42,918 32,755 11,941 55,318 20,175 7,965 23,590 15,44s 26,021 Capital paid in 167,279 11,828 64,810 16,732 15,720 5,670 5,185 19,696 4,804 2,989 4,220 4,216 11,409 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 15,376 188 5,305 175 999 757 2,084 1,996 1,271 779 412 773 637 TOTAL LIABILITIES 5,346,756 378,687 1,746,780 396,943 506,151 188,407 206,025 880,190 181,812 121,692 187,371 115,720 436,978 Reserve ratio (per cent) 81.4 81.6 81.3 85.7 83.8 65.5 77-8 88.7 74.5 71.0 65.7 54.8 85.7 Contingent liability on "bills purchased for foreign correspondents 220,174 16,701 70,757 22,045 22,490 8,907. 8,016 30,062 7,794 5,122 6,45s 6,680 15,142 FSD3RAL RESERVE HOTE. STATE!,3ZP Federal reserve notes: Issued to F.B."bank "by F.R. agent 2,251,746 164,964 519,628 175,048 228,760 74,708 128,493 483,881 83,6a 54,785 68,770 33,028 236,060 Held "by Federal reserve "bank 422,445 26.074 157.224 25,695 23,962 8,078 14,918 86,216 11,607 4,817 4,703 6,094 53,057 In actual circulation 1,829,301 138,890 362,4o4 149,353 204,798 66,630 113,575 397,665 72,014 49,96s 64,067 26,934 183,003 Collateral held by agent as security for notes issued to bank Gold and gold certificates 707,058 35,300 426,468 38,700 12,550 10,070 10,900 73,900 15,130 6,740 - 7,300 70,000 Gold fund - F. R. Board 1,370,530 124,617 25,000 131,300 200,000 48,500 96,500 4o3,ooo 59,200 42,700 Si,000 13,050 165,763 Eligible paper 270.131 14,789 93,531 16,676 19.343 20.468 a.380 21.547 11.189 5.733 14.189 14.287 16.999 Total collateral 2,347,819 174,706 544,999 186,676 231,893 79,038 128,780 498,447 85,519 55.173 75,189 34,637 252,762 MATURITY DISTRIBUTION OF BILLS AHD SHORT TERM SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days gl to 90 days Over 6 months 6 months Bills discounted 194,980 116,253 16,168 30,862 22,588 8,628 481 Bills bought in open market 135,738 53,259 24,533 8,265 49,544 137 Certificates and bills 451,266 15,700 29,425 65,797 73,425 140,628 126,291 limicipal warrants 52 10 42 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis