H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PEESS 3-486 Released for publication Federal Reserve Board Friday morning, Sept. 11; September 10, 1931 not earlier. conditio:7 of federal reserve baeks The daily average volume of Federal reserve bank credit outstanding during of $203,000,000 compared with the corresponding week in 1930. capital funds, nonmemoer deposits, etc. sanras as sss& — Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending September 9, 1931, were as follows. Increase or decrease since Sept. 9 Sept. 2 Sept. 10 • 1931 1930.. 1931 (In millions of dollars) 260 + 3 + 76 Bills discounted + 5 19S Bills bought United States securities 728 mm +126 30 ~ 8 - Other reserve bank credit 1,216 - 5 +208 TOTAL RESERVE BAHK CREDIT 5,000 + 2 +497 Monetary gold stock + 4 - 32 1,762 Treasury currency adjusted 5,092 +57 +628 Money in circulation 2,290 -84 -138 Member bank reserve balances Unexpended capital funds,nonmember deposits, etc. 597 +29 +184 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, September 11,1931; n°t earlier. B-4Soa RESOURCES ASTD LIABILITIES OF THE TWELVE FEDERAL RESERVE BASKS C013IUED (In thousands of dollars) Sent. q.iq31 Sent. 2.1931 Sent.10.1930 R E S O U R C ES Gold with Federal reserve agents . . .. 2,190,648 2,164,613 1,550,956 Gold redemption fund with U.S. Treasury 29 , 731 29,889 35,375 Gold held exclusively against F.R.notes 2,220,379 2,194,502 1,586,331 Gold settlement fund with F. R. Board . 419,228 430,354 576,970 s4o,io4 Gold and gold certificates held by banks 830,439 796 , 299 Total gold reserves 3,470,046 3,464,960 2,959,600 Reserves other than gold 158,717 167,95s 152,890 Total reserves 3,628,763 3,632,918 3,112,490 Eon-reserve cash 67,891 71,170 72,412 Bills discounted: Sec. by U.S. Government obligations 113,123 107,959 57,368 Other bills discounted . 147,109 149,326 125,827 Total bills discounted . . . 260,232 257,285 183,195 Bills bought in open market 197,788 197,868 193,120 U. S. Government securities: Bonds 292,027 292,137 58,074 Treasury notes 18,962 18,973 317,380 Certificates and bills 417,076 4I6,998 226,579 Total U.S.Government securities 728,065 728,108 602,033 Other securities 6,267 6,252 6,772 Total bills and securities 1,192,352 1,189,513 985,120 Due from foreign banks . . .. 10,746 17,913 704 F. R. notes of other banks . . 14,79% 14,622 20,409 Uncollected items 440,305 445,260 538,643 Bank premises 59,109 59,086 59,642 All other resources 35,104 33,933 16,957 TOTAL RESOURCES 5,449,064 5,464,415 4,806,377 L I A B I L I T I ES F. R. notes in actual circulation . 2,010,322 1,958,203 1,351,250 Deposits: Member bank - reserve account . . 2,289,756 2,373,917 2,428,290 Government 30,575 39,857 21,176 Foreign bank 207,415 178,136 6,528 Other deposits 25,984 24,871 20,639 Total denosits . . 2,616,781 2,476,633 2,553,730 Deferred availability items 427,036 431,864 516,391 Capital paid in 167,063 167,079 169,830 Surplus 274,636 274,636 276,936 All other liabilities . . . 16,277 15,852 15,337 TOTAL LIABILITIES 5,449,064 5,464,415 4,806,377 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 79-4$ 81.3$ 79.5 Contingent liability on bills purchased for foreign correspondents 231,260 230,004 453,450 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AI'TD LIABILITIES OF THE FEDERAL RESERVE BAIUCS OH SEPTEMBER 9, 1931 R E S O U R C ES (in thousands of dollars) ]3-486b Total Boston How York Ehila. Clove. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,190,648 159,917 501,468 170,000 231,570 58,570 106,900 516,900 69,555 54,055 65,000 25,850 230,763 Gold redemption fund with U.S.Treasury 29,731 956 12,517 1,654 2,179 1,186 1,256 3,816 1,447 533 1,195 1,025 1,863 Gold hold exclusively against F. R. notes 2,220,379 160,873 513,985 171,654 233,849 59,756 108,156 520,715 71,002 54,688 55,196 26,878 232,626 Gold settlement fund with F.R.Board 419,228 27,344 106,330 51,107 49,997 21,391 11,586 32,824 22,435 18,591 24,374 15,728 37,521 Gold and ^old certif. held by banks 830,439 34,147 527,383 20,657 61,730 4,521 8,990 108,106 11,576 4,559 7,358 4,906 36,391 Total ,%old reserves 3,470,046 222,364 1,147,703 243,428 345,576 85,668 128,732 551,546 105,1137 7,838 97,928 47,512 306,538 Reserves other than ^old 158,717 16,719 44,523 10,056 13,345 9,436 5.502 24,976 10,230 3,266 7,042 5,569 7,042 Total reserves 3,628,763 239,083 1,192,226 253,494 358,922 95,104 134,234 585,522 115,343 81,104 104,970 54,081 313,580 Uon-reservo cash 67,391 9,053 22,451 3,417 2,560 3,186 3,945 9,050 3,654 1,749 1,785 3,232 3,798 Bills discounted: Secured "by U.S. Govt, oblijations 113,123 2,512 27,720 9,585 14,409 2,789 1,725 12,978 3,310 346 l,l64 446688 36,117 Other "bills discounted 147,109 4,%6o 21,253 12,154 18,884 17,494 21,423 10,329 7,177 3,861 10,82b 13,154 5,694 Total bills discounted 260,232 7,372 48,973 21,739 33,293 20,233 23,148 23,307 10,487 4,207 11,990 13,622 41,811 Bills bought in open market 197,788 16,701 71,838 17,224 22,446 3,375 3,779 27,842 3,419 2,161 7,294 5,589 16,120 U. S. Government securities: Bonds 292,027 19,238 96,908 19,155 21,710 11,785 7,152 4477,,773344 9,839 1144,,550055 1133,,666633 1155,,229944 1155,,004444 Treasury notes 18,962 2 5 3 >3 3 2 2,409 4 3,503 l 2 1 9,627 Certificates and bills 417 ,07634 ,461 124,535 32,523 50,372 19,771 12,938 48,500 17,366 13,183 25,412 9,S4O 27,975 Total U.S.Govt, securities 728,065 53,701 221,543 55,081 72,085 31,558 22,499 96,338 30,708 27,689 39,077 25,135 52,646 Other securities 6,267 70 4,500 530 100 60 50 130 4o 97 560 4o 90 Total bills and securities 1,192,352 77,844 345,859 94,574 127,924 55,276 49,476 147,617 44,654 34,154 58,921 44,386 110,667 Dae from foreign banks 10,746 848 3,949 1,119 1,083 429 386 1,526 26 17 311 322 730 F. R. notes of other banks 14,794 258 3,457 132 955 1,217 790 2,542 1,537 882 1,204 382 1,438 Uncollected items 440,305 48,570 114,139 37,184 41,742 36,174 13,422 55,406 20,609 8,809 24,600 16,191 23,459 Bank premises 59,109 3,458 15,240 2,6I4 7,698 3,649 2,573 8,061 3,635 1,926 3,803 1,831 4,621 All other resources 35,104 933 17,512 1,362 2,057 1,591 3,102 2,105 1,210 1,419 775 1,856 1,182 TOTAL RESOURCES 5,449,064 380,047 1,715,833 393,396 5^2,941 196,626 207,929 912,92 9190,67s 130,060 196,369 122,281 459,475 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES A1TD LIABILITIES OF THE FEDERAL RESERVE BA2TIS OH SEPTEMBER 9, 1931 L I A B I L I T I ES (In thousands of dollars) B-4s6c Total Boston Hew York Fhila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans. Cy. Dallas San Fran. F.R.notes in actual circulation 2,010,322 i4i,3i4 399,041 153,442 244,164 71,261 112,257 441,84-57 5,819 5^,635 69,163 30,597 216,184 Deposits: Member bank - reserve account 2,229,756 139,964 960,617 139,840 183,210 60,862 55,299 325,715 67,658 50,512 83,737 53,796 168,546 Government 30,575 2,494 8,522 1,481 3,468 3,081 1,553 3,300 1,708 488 884 1,673 1,923 Foreign bank 207,415 l4,s4i 75,807 19,590 19,985 7,915 7,123 26,713 6,926 4,551 5,738 5,936 1 2,290 Other deposits 25,984 57 11,114 136 5,878 loS 165 632 911 275 98 167 6,383 Total deposits 2,553,730 157,356 1,056,060 161,04 7212,541 72,026 64,l4c 356,360 77,203 55,826 90,457 61,572 189,142 Deferred availability items 427,036 47,999 109,868 35,367 40,437 34,795 12,779 53,019 21,019 8,727 23,337 16,097 23,592 Capital paid in 167,063 ll,73S 64,804 16,727 15,725 5,655 5,186 19,627 4,784 2,979 4,213 4,180 11,395 Surplus 274,636 21,299 80,575 27,065 33,971 12,114 10,857 39,936 10,562 7,144 8,702 8,936 18,475 All other liabilities 16.277 291 5,485 248 1,103 775 2,110 2,142 1,291 749 497 899 687 TOTAL LIABILITIES 5,449,064 380,047 1,715,833 393,896 542,941 196,626 207,929 912,921990 ,678 130,060 196,369 122,281 459,475 Reserve ratio (per cent) 79*5 80.0 81.9 80.6 78.6 65. 4 75-8 86.0 75.4 73.4 65.8 58.7 77.4 Contingent liability on bills purchased for foreign correspondents 231,260 17,317 ,530 22,858 23,320 9,236 8,312 31,170 8,,081 5,310 6,696 0,927 15,503 FEDERAL RESERVE 2T0TE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.agent 2,408,612 165,093 536,995 175,814 269,429 78,781 129,232 532,618 81,468 59,15% 77,190 39,412 253,426 Held by Federal reserve bank 398,290 23,779 137,954 22,372 25,265 7,520 16,375 90,773 5,649 4,519 8,027 8,815 47,242 In actual circulation 2,010,322 141,314 399,o4i 153,442 244,164 71,261 112,857 441,845 75,819 54,535 69,163 30,597 216,184 Collateral held by a ent as setJ curity for notes issued to bank Gold and gold certificates 740,818 35,300 41)6,468 38,700 16,670 10,070 10,900 73,900 14,855 6,655 - 7,300 80,000 Gold fund - F. R. Board 1,449,830 124,617 55,000 131,300 215,000 48,500 96,000 443,000 54,700 47,4oo 65,000 18,550 150,763 Eligible paper 289,833 10,981 56,565 16,375 38,760 21,734 24,780 27,357 12,229 5,336 14,275 14,320 47,121 Total collateral 2,480,481 170,898 558,033 186,375 270,430 80,304 131,680 544,257 81,784 59,391 79,275 40,170 277,884 MATURITY DISTRIBUTION OF BILLS AiTD 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 260,232 173,897 24,700 36,971 18,974 5,230 46o Bills bought in open market 197,788 34,861 5,622 3,409 153,896 Certificates and bills 417,076 13,025 7,080 55,650 91,155 126,624 123,542 Municipal warrants • 67 15 10 42 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis