H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATELET! FOR THB PRESS Released for publication B-UoO Friday morning, Aiig. 21; Federal Reserve Board not-earlier. August 20, 1931. CO:iDITIC!J OF FEDERAL RSS'cSYS BMKS The daily average volume of Federal reserve bank credit outstanding during the week ending August 19, as reported by the Federal reserve "banks, was $1,115,300,000, an increase of $68,000,000 compared with the preceding week and of $111,000,000 compared with the corresponding week in 1930. On August 19 total reserve bank credit amounted to $1 ,l4l,000,000, an increase of $36,000,000 for the week. This increase corresponds with an increase of $62,000,000 in money in circulation and a decrease of $19,000,000 in Treasury currency, adjusted, offset in part by an increase of $19,000,000 in monetary gold stock and decreases of $11,000,000 in member bank reserve balances and ol6,000,000 in unexpended capital funds, nonmember bank deposits, etc. Holdings of discounted bills declined $11,000,000 at the Federal Reserve Bank of Hew York and increased $23,000,000 at San Francisco, $14,000,000 at Cleveland, $4,000,000 each at Atlanta and Kansas City and $36,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market increased $19,000,000 and of U. S. bonds $17,000,000, while holdings of Treasury notes declined $10,000,000 and of Treasury certificates and bills $7,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending August 19, .1931, were as follows: Increase or decrease since Aug. 19 Aug. 12 Aug. 20 1931 1931 1930 (in millions of dollars) Bills discounted 231 + 36 + 35 Bills bought 155 + 19 4 United States securities 728 + 126 - Other reserve bank credit 27: 19 - 2 - TOTAL RESERVE BAEC CREDIT l,l4l + 36 +155 Monetary gold stock 4,983 + 19 + 491 Treasury currency adjusted 1,771 19 - 17 - Money in circulation 4,952 + 62 + 511 Member bank reserve balances 2,382 11 - 32 - Unexpended capital funds,nonmember deposits,etc. 561 l6 + 150 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, August 21,1931; not earlier. B-460a RESOURCES AMD LIABILITIES OF THE (TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Aug. 19.1931 Aug. 12.1931 Aug.20.1930 R E S O U R C ES Gold with Federal reserve agents . . .. 2,124,055 2,077,685 1,537,714 Sold redemption fund with U.S.Treasury . 29,99 5 29 , 6 7 5 35,319 Gold held exclusively against F.R.notes 2,154,087 2,107,363 1,573,533 Gold settlement fund with F. R. Board . 434,736 479,711 558,821 Gold and gold certificates held by banks 584,035 , 862,108 807 ,065 Total i^old reserves . 3,472,861 3,449,182 2,939,419 Reserves other than gold . . . 169,727 168,899 167,638 * Total reserves . 3,642,555 3,618,081 3,107,057 lion-reserve cash 74,042 75,091 67.042 Bills discounted: Sec. "by U.S. Government obligations 93,642 67,623 63,876 Other bills discounted . . . 136,967 127,357 132,303 Total bills discounted 230,609 194,980 196,179 Bills bought in open market . . 154,625 135,73s 158,922 U. S. Government securities: Bonds 247,342 230,454 75,682 Treasury notes 36,241 46,241 304,678 Certificates and bills . . . 444,307 451,266 221,580 Total U.S.Government securities 727,890 727,961 6oi,94o Other securities 5,102 6,102 7,922 Total bills and securities . . 1,118,229 1,064,781 964,963 Dae from foreign banks 10,749 25,964 702 F. R. notes of other banks 16,559 16,031 18,527 Uncollected items . . 462,236 457,146 54s,4o4 Bank premises . . .. 58,962 58,962 59,606 All other resources . 32,696 30,700 16,548 TOTAL RESOURCES 5,4i6,39l 5,346,756 4,782,849 L I A B I L I T I ES F. R. notes in actual circulation 1,901,844 1,829.301 1,323,708 Deposits: Member bank - reserve account . . 2,352,296 2,392,837 2,413,559 Government . . . . .. 22,923 15,074 30.093 Foreign bank . , 1o8,4OS 180,483 5,563 Other deposits 26,617 28,675 19,352 Total deposits 2,606,244 2,617,069 2,469,067 Deferred availability items 450,618 443,095 528,326 Capital paid in 167,233 167,279 169,723 Surplus 274,636 274,636 276,936 All other liabilities . . . 15,316 15,376 15,029 TOTAL LIABILITIES 5,416,391 5,346,756 4,782,849 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 80.8$ 81.4# 81.9# Contingent liability on bills purchased for foreign correspondents . . .. 226,751 220,174 478,315 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES flD LIABILITIES OF THE FEDERAL RESERVE BALKS Oil AUGUST 19, 1931 R E S O U R C ES (In thousands of dollars)' ' B-460b Total Boston Hew York Phila. CI eve* Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Prao. Federal reserve agents 2,124,088 159,91? USl.lioS 170,000 222,550 55,576 107,4)0 %S,900 p,t30 49,846 64,000 19,850 235,76} Gold with Gold redemption fund with U.S.Treasury 29,999 991 12,592 1,698 2,252 1,100 1,305 LJL53 1*^57 , P39 1j_2C4—1_,_015 hJLD Gold held exclusively against • . . : : ' • > • • 1 , ^ F. R. notes " 2,154,087 l60,903 494,060 171,698 224,802 56,670 108,705 490,753 72,287 50,479 65,204 20,865 237,o3o Gold settlement fund with F.R.Board 434,736 27,786 133,705 51,190 49,293 17,847 9,886 48,01,2 j.8,889 t5,633 17»2U9 l4,00$ 3l, 2^7 Gold and gold cert if. held "by "banks 884,038 36,543 563,848 28,606 65,685 5,127 8,363 104,500 10,897 5_>_97_1 8,845 —5>_043— 4l, 510 Total gold reserves 3,472,861 225,237 1,191,613 251,4g4 339,780 79,644 126,954 643,265 102,073 71,183 91,298 39,937 310,383 Reserves other than gold 169,727 15,756 51,158 9,54o l4,425 10,274 6,387 25,067 10,036 3,891 7,64g 7,515 8,029 " Total reserves 3,642,588 2^0,993 1,242,771 261,034 354,205 89,918 133,341 668,332 112,109 75,074 93,947 47,452 318,412 non-reserve cash ?4,o42 10,707 24,268 3,579 3,858 3,739 4,058 8,800 3,856 1,674 1,768 3,30 5 4,430 0tSrtm TJd?;co^edDllSatlOnS 136:967 5',311 17!54I 12:752 14:668 X71300 19:613 8J82 I 'M 3,922 l l ^l 12,99% s Total bills discounted 230,609 9,302 38,775 18,221 30,517 19,721 21,750 14,945 9,977 4,347 16,089 13,464 33,501 Bills "bought in open market 154,628 11,302 63,l6b 9,648 14,395 4,075 4,891 19,808 3,006 2,724 5,077 4,197 12,339 U"Bonds°Vernment sec,jrities: 247,342 16,398 73,431 16,692 18,573 10,249 6,056 43,656 8,421 13.467 11,691 16,021 12,687 Treasury notes 36,2*1 403 3,996 3,742 10,477 234 2,560 566 3,703 156 300 154 9,950 t Certificates and bills 444,307 36j6o 142,128 34,033 43,035 21,075 13,72b 51,110 18,352 14,053 27,086 13,955 29,394 Total U.S.Govt, securities 727,890 53,i6i 219,555 54,467 72,085 31,558 22,342 95,332 30,476 27,676 39,077 30,130 52,031 Other securities 5,102 JO 3,350 530 100 bO 5p 130 %0 82 5^0 ^0 90 Total "bills and securities 1,118,229 73,835 324,846 82,86b 117,097 55,^1% 49,033 130,215 43,499 34,829 60,803 47,831 97,961 Dae from foreign "banks 10,749 805 4,132 l,0o2 1,033 42^ 386 1,448 25 17 311 322 ^ 729 F. R. notes of other banks l6,889 223 5, °H 127 1,338 1,239 797 2,091 1,038 1, 130 1,231 32o 1> 73 Uncollected items 462,236 5^,042 122,083 42,004 44,306 32,858 11,915 57,501 20,133 9,749 26,308 14,705 2b,632 Bank premises 58,962 3,458 15,240 2,6l4 7,575 3,625 2,573 8,0ol 3,635 1,92b 3,803 1,831 4,621 All other resources 32,696 875 16,128 1,327 2,309 1,56/ 3,056 1,922 1,25b 1,262 fSS 1,115 1,111 TOTAL RESOURCES 5>4l6,39l 384,938 1,755,079 39%,6l3 531,771 188,789 205,159 878,370 185,551 125,661 193,939 116,887 455,634 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

"RESOURCES Mb LIABILITIES OP THE FEDERAL RESEtiVE 'BANKS GIT AUGUST 19, 19JI L I A B I L I T I ES (In thousands of dollars) b-46oc Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 1,901,844 139,243 373,987 l4g,906 230,66s 67,622 113,256 410,006 73,208 51,338 62,184 27,060 192,295 Deposits: Me :.,sr tank - reserve account 2,322,296 143,691 1,036,125 144,59s 127,501 61,733 5^,313 324,654 66,516 42,1^5 20,295 54,002 179,737 Government 22,923 2,711 s,793 1,725 1,545 2,128 1,628 1,261 1,373 1,889 1,591 1,655 1,964 Foreign bank 162,402 12,437 57,i4I i6,4ib 16,742 6,633 5,9b9 22,386 5,204 3,2i4 4,209 4,975 11,276 Other deposits 26.617 206 11,239 43 7,143 n4 60 976 235 222 42 32 6.299 Total deposits 2,606,244 159,045 1,113,358 162,782 212,937 70,668 61,970 349,877 73,928 54,396 87,337 60,670 199,276 Deferred availability items 450,618 53,233 116,776 38,942 42,443 31,891 11,801 56,264 a, 767 2,962 25,076 15,313 27,544 Capital paid in 167,233 11,816 64,210 16,727 15,737 5,662 5,198 19,622 4,784 2,988 4,220 4,202 11,395 Surplus 274,636 21,299 80,575 27,065 22,971 12,114 10,257 39 ,936 10,562 7,144 8,702 8,936 18,475 .111 other liabilities 15.816 297 5,573 191 1,015 760 2,077 1,999 _ U 0 2. 827 420 706 64q TOTAL LIABILITIES 5,4i6,39l 384,938 l,75>,,^0i7 Q-J 394,613 531,771 128,729 205,159 278,370 125,551 125,661 193,939 116,227 455,634 Reserve ratio (per cent) 80.8 80.8 23-6 83.7 79.8 65.0 76.1 3.t<. 0 76.2 71.0 53.6 54.1 80.1 Contingent liability on bills parchased for foreign correspondents 226,781 lb,918 75,424 22,331 22,782 9,023 8,120 30,452 7,295 5,182 0,542 6,767 15,339 FEDERAL RESERVE SFOTE STATE: EE Fe.deral reserve notes: Issued to F.R.bank by F.R. agent 2,300,913 163,130 517,072 173,292 254,114 74,961 129,057 494,226 81,008 55,626 75,942 33,196 249,157 Held by Federal reserve bank 399,069 23,282 143,091 24,386 23,446 7,273 15,201 24,220 7,200 4,348 7,764 6,136 50,862 1,901,844 139,242 373,987 l42,906 230,668 67,622 113,256 4l0,00o 73,208 51,338 68,184 27,060 198,295 In actual circulation 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 6,74o - 7,300 70,000 Gold fund - F. R. Board 1,417,030 124,617 55,000 131,300 210,000 45,500 96,500 413,000 55,700 43,100 64,ooo 12,550 165,763 Eligible paper 274,314 13,239 52,698 i6,373 34,830 a,978 24,503 21,i4o 11,295 6,171 12,023 14,658 39,^)6 Total collateral 2,398,402 173,156 534,166 186,373 257,380 77,5^ 131,903 508,o4o 82,125 56,011 82,023 34,508 275,169 MATURITY DISTRIBUTION OF BILLS AMD 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 230,609 145,614 18,316 35,830 22,904 7,458 487 Bills bought in open market 154,628 30,365 25,067 6,267 92,890 39 Certificates and bills 444,307 31,925 S,S66 37,950 77,150 139,624 128 , 7 9 2 Maniciyal warrants 52 10 42 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis