When recommissioned 25 February 1930, after her overhaul and reconditioning, Philip was attached to Destroyer Squadrons, Battle Fleet, and conducted maneuvers and gunnery practice for the Reserve Force in the San Diego area.

On 22 December she departed New York to join the Special Service Squadron which operated in the vicinity of Panama, Nicaragua, and El Salvador, for the protection of American interests.

She decommissioned at Destroyer Base, San Diego, 2 April 1937, and recommissioned 30 September 1939 for duty with Division 64, Atlantic Squadron, which operated on neutrality patrol in the vicinity of Key West, Florida.

She arrived there 11 December, and early the next year as a unit of the Antilles Detachment, she visited Dutch Indies and Venezuelan ports, as well as Guantanamo Bay, Cuba, St. Eustatius, Dry Tortugas, San Juan, Puerto Rico, St. Thomas, Culebra Island, and acted as submarine escort to the Canal Zone.

Departing Key West for New York Navy Yard 23 July 1940, she was overhauled and following trials arrived at Newport, Rhode Island, en route to Halifax, Nova Scotia.