H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS Released for publication .Friday morning, Hov o; B-545 not earlier. Federal Reserve Board November 5, 1931. CCS© IT I OH OF FEDERAL RESERVE BANKS g i m a m # ## I p l l i i SM itoms ^ th° »* Increase or decrease since Hov, 4 Oct. 23 :;ov. 5 1931 _ 1 2 ]L 1930 (In millions of dollars) Bills discounted Bills bought 705 12 + 492 b 42 United States securities + 45? 72S Other reserve bank credit + 12L52 c 34 + 24 TOTAL RESERVE BA1IE CREDIT 2,109 Monetary gold stock - 102 +1,099 Treasury currency adjusted 4,311 + 24 - 223 1,757 + 6 - 12 Money in circulation . Member bank reserve balances + 63 +1,052 Unexpended capital funds,nonmemSer deposits,etci'sM -107 - 2S3 - 28 + 99 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, :Tov. 6,1931*. not earlier. B-5^5a 3ES0URC3S AUD LL1BILITI3S OF I'HE TESLVS ISIERAL H3SER7.5 BA2TSS COM3IH73D (in thousands of dollars) ITov. 4.1931 Oct. 28.1931 gov. 5.1910 R E S O U R C ES Gold with Federal reserve agents . . .. 1.592,156 1,519,190 1,533,415 Gold redemption fund with U.S. Treasury 70,545 70,171 34.255 Gold held exclusively against F.R.notes 1,662.711 1,589,361. 1,617.671 Gold settlement fund with F. 3. Board . 359.379 379.959 520,541 Gold and gold certificates held by bonks 750,656 769,111 851,180 Total ;;old reserves //- 2,772,746 2,735,431 2.999,392 Reserves other than gold 160,539 164,420 146,174 Total reserves 2,933.385 2,902,851 3,145,556 Jon-reserve cash 5522,,44iioo 71.740 6633 .. 229955 Bills discounted: Sec. "by U.S. Government obligations 343,692 330,747 85,06s Other bills discounted 361,532 335,933 127,599 Total bills discounted 705,224 716,680 212,767 Bills bought in open market 642,033 724,680 118855,,660022 U. S. Government securities: Bonds . . 316,963 316,422 38.183 Treasury notes 26,951 22,829 280,595 Certificates and bills 383.662 387.708 282,553 Total U.S.Government securities 727.576 726,959 601,531 Other securities 30,194 29,919 6,297 Total bills and securities . . 2.105,027 2,198,238 1.006,197 Due from foreign banks 9,297 8.792 705 F. R. notes of other bonks 16,842 16,863 17,373 Uncollected items . . . . .. 433,774 432,579 533,003 Bank premises 59,389 59.382 59,532 All other resources 44,845 4i,io4 14,712 TOTAL RESOURCES . . . 5,554,970 5,731,549 4,s4o,483 L I A B I L I T I ES F. R. notes in actual circulation . . . 22,,444477,,006699 2.383,948 1,366,554 Deposits: Member bank - reserve account . . .. 2,122,145 2,228,875 2,409,700 Government . .. 30,481 39.141 3-7,559 Foreign bank 131,431 157,618 5,261 Other deoosits . . ' 35.214 34.431 26,725 Total deposits 2,319,271 2,460,065 2,479.345 Deferred availability items . . . .. 439,217 428,863 529.583 Capital paid in 154,507 i64,6§e-Y/ 170,424 Surplus 274,636 274,636 276.935 All other liabilities . .. 20 , 270 19,329 17,541 TOTAL LIABILITIES . . . 5,554,970 5,731,549 4,84o,483 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 61.556 59-9 f> 81.8$ Contingent liability on bills purchased for foreign correspondents 105,470 32,879 431.570 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AIID LIABILITIES OF THE FEDERAL RBS1SVS 3A.IKS OF 1T0V2MBER 4, I931 1 S S 0 U R C 5S (In thousands of dollars) B-545b Total Boston Hew York Fhila. CI eve. Rich. Atlanta Chicago St. Louis Minn. IC.-ms.C-. Dallas San Fran. Gold with Federal reserve agents 1,592,166 96,627 327,336 200,000 201,470 54,670 53,150 4lS,l4o 38,335 37,695 31,680 22 300 110 763 Gold redemption fund with U.S.Treasury 70,545 4,849 17,13% 5,460 7,6l4 2.886 4,398 9.721 2,410 1.717 3,138 2,418 g.'gQQ Gold held exclusively against F. R. notes 1,662,711 101,476 344,470 205,460 209,084 57,556 57,548 427,861 to,745 39,412 34,818 24,718 119,R63 Gold settlement fund with F. 2. Board 359,379 21,844 93,163 24,119 49,l4o 16,597 8,250 40,059 17,873 13,026 19,545 17,436 38 327 Gold -md gold cert if. held by banlcs 750.656 31.601 530.047 3 5.626 20.117 5.474 9.398 62.539 12.019 5.528 10,331 3.906 24^050 Total gold reserves 2,772,746 154,921 967,680 265,205 278,34l 79,627 75,196 530,459 70,657 57,966 64,694 46.060 181,940 Reserves other than gold l6p,639 18,772 34,902 10,94l 13,458 8,682 5,819 30,199 10,265 4,452 8,003 6,706 8,440 Total reserves 2,933,385 173,693 1,002,582 276,146 291,799 88,309 81,015 560,658 80,922 62,4iS 72,697 52,766 190,380 lion-reserve cash o2,4l0 10,256 16,869 3,302 2,810 2,597 3,450 9,336 2,960 1,528 1,576 2,49^ 4,^27 Bills discounted: " ^ Secured "by U.S.Govt, obligations 343,692 9,675 71,250 39,027 57,303 9,969 13,135 55,331 10,434 962 9,248 6,305 61,050 Other bills discounted 36l,532 8,388 52,.821 62,577 48,858 29,001 36,551 20,325 1 4,797 6,224 25,955 18,562 36,773 Total bills discounted 705,224 18,066 124,071 101,904 106,l6l 38,970 49,686 75,956 25,231 7,186 35,203 24,967 97,823 Bills bought in open market 642,033 69,780 177,005 9,483 45,275 15,950 35,481 io4,i4o 28,979 23,230 36,077 19,799 76,874 U. S. Government securities: Bonds 316,963 23,559 108,101 22,832 25,419 11,016 5,064 53,460 11,43s 15,790 8,211 12,854 18,209 Treasury notes 2o,951 195 5,539 3,567 218 95 2,460 273 3,596 71 31 25 9 781 Certificates and bills 383,602 33,812 12?,249 32,013 47,597 16,295 8,786 47,131 16,177 12,054 11,373 4,241 26^934 Total U.S.Govt, securities 727,576 57,566 241,989 58,412 73,234 27,406 17,310 100,854 31,211 27,915 19,615 17,130 54,924 Other securities 30,194 1,970 l4,S4o 6,760 - 700 600 2,055 630 529 - 1,980 Total bills and securities 2,105,027 147,382 557,905 176,559 224,670 83,026 103,077 283,045 86,051 58,960 90,895 61,856 231,601 F v r r F™ ^ 355 • sii j; m u: IS "S II IS 111111; 11 tg ts ts °:S TOTAL RESOURCES 5,554,970 389,312 1,739,038 498,593 574,3^8 215,789 207,064 919,274 196,420 135,488 196,151 137,626 455,827 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AID LIABILITIES OF THE FEDERAL RESERVE BAHS OH NOVEMBER 4, 1931 L I A B I L I T I ES (In thousands of dollars) B-545b Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans.Cv Dallas San Fran. F.R.notes in actual circulation 2,447,069 147,8146 497,570 271,068 311,476 99,154 119,514 491,254 35,691 63,221 79,010 51,342 229,823 Deposits: Member bank - reserve account 2,122,145 143,39s 910,541 127,332 150,379 53,173 50,905 292,4l4 65,709 46,564 74,629 50,113 151,488 Government 30,431 1,682 4,964 3,879 4,i6o 589 1,231 3,7b9 1,311 2,426 1,737 1,191 3,042 Foreign bank 131,431 11,242 30,355 14,839 15,139 5,99s 5,396 20,235 5,246 3,447 4,347 4,497 10,192 Other deposits 35,214 16,435 134 8,681 Hi SI 1.266 252. 409 58. 115. 7.481 Total deposits 2,319,271 155,867 962,845 146,184 178,359 64,392 57,625 317,684 73,019 52,846 80,771 55,975 172,203 Deferred availability items 439,217 51,098 127,189 37,010 38,787 33,095 11,607 49,441 20,958 S,4ii 22,335 15,746 22,990 S C u a r p p i l t u a s l paid in 154,507 11,765 64,201 16,719 15,284 5,549 5,203 18,343 4,768 2,972 4,201 4,i44 11,358 All other liabilities 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 20.270 41L 6.658 J}4L 1.511 2.258 2,606 1,422 23iL 5S2- - I M Z. 312 TOTAL LIABILITIES ~ 5,554,970 389,312 1,739,038 493,593 574,383 215,789 2)7,064 919,274 196,420 135,488 196,151 137,626 455,827 Reserve ratio (per cent) 61.5 57.0 58.7 65.2 59.6 53.8 45.7 69.3 51.0 53.7 45.5 49.2 47.4 Contingent liability on bills purchased for foreign correspondents 105,470 7,450 38,818 9,834 10,032 3,973 3,576 13,4io 3.476 2,235 2,881 2,930 5,755 FEDERAL RESERVE HOTS STAIEMEH3T Federal reserve notes: Issued to F.R. bank by F.R.agent 2,750,901 176,472 546,365 300,202 34l,l47 105,490 135,04o 576,391 89,881 55,655 90 593 63,731 268,928 Held by Federal reserve bank 313,832 28,626 48,795 29,134 29.671 7.506 15.526 85.127 4.190 2. T75 11.533 12,389 39,105 „ se- ^^ "97,570 Z71.06S 311,4 G ,1S4 Il , l4 491,264 85,591 53.281 79,010 51,342 229,823 7 99 95 curity for notes issued to bank Gold and gold certificates 639,936 47,010 247,336 38,700 64.470 10,070 10,900 92,l4o 14,635 7,495 9,380 Gold fund - F. R. Board 1 it9,617 80,000 161,300 137,000 44,600 42,250 326,000 23,700 30,200 21,800 1 1 2 0 , ,0 3 0 00 0 8 5 2 , 5 0 , 0 7 0 63 Eligible paper 1,274,543 o 5,297 263,o4l 101,370 148.013 53,220 S3.6o4 175.101 51.635 23.344 5q_Sll 4l,5a 17?, 131 Total collateral 2,855,709 131,924 590,977 301,670 349,433 107,890 136,754 593,241 90,023 66,539 101,493 63,321 232,894 MATURITY DISTRIBUTION OF BILLS AHD 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 705,224 Bills bought in open market 542,033 503,055 45,789 98,030 42,670 14,077 1 ,593 122,031 131,387 290,216 93,941 4,453 Certificates and bills 383,652 Municipal warrants 2,704 23,836 42,868 106,375 14,024 12Qr,044 65 , 515 255 10 2,250 J 166 3 " 100 / # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis