H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-629 Friday morning, Jan. 8; Federal Reserve Board not earlier. January 7» 1932. CONDITIO# OF FFDFRAL RFSFRVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending January 6, as reported by the Federal reserve banks, was $1,933»000,000, a decrease of $86,000,000 compared with the preceding week and an increase cf $573,000,000 compared with the corresponding week in 193^« On January 6 total reserve bank credit amounted to $1,921,000,000, a decrease of $281,000,000 for the week. This decrease corresponds with decreases of $287,000,000 in member bank reserve balances and $9,000,000 in unexpended capital funds, nonmember deposits, etc., and an increase of $14,000,000 in Treasury currency, adjusted, offset in part by an increase of $28,000,000 in money in circulation. Holdings of discounted bills increased $26,000,000 at the Federal Reserve Bank of San Francisco and $5,000,000 at Hansas City, and declined $234,000,000 at York, $7,000,000 at Chicago, $6,000,000 at Boston and $206,000,000 at all Federal reserve banks. The System1s holdings of bills bought in open market declined $52,000,000, of United States bonds $15,000,000 and of Treasury certificates and bills $23,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending January 6, 1932, were as follows: Increase or decrease since Jan. 6 Dec. 30 Jan. 7 1932 1931 1931 (In millions of dollars) 526 Bills discounted SIS 206 + - Bills bought 275 52 + 10 766 — 107 United States securities - 37 + 30 Other reserve bank credit 6l + 13 + 673 TOTAL RESERVE BAFK CREDIT 1,921 2S1 + Monetary gold stock U,45S 144 - Treasury currency adjusted 1,775 + 1144 9 - 5,661 Money in circulation + 28 + 879 2,036 Member bank reserve balances 227 408 - - Unexpended capital funds,nonrnember denosits, etc. '+56 9 + 47 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Jan. 8,1932; not earlier. B-629b RESOURCES AJH) LIABILITIES OF THE 1TWLYS ?J'SH<V3 BA>!KS COMBINED In thousands of dollars) •Tan, 6,1932 Dec. 30,1931 Jan. 7,1931 R E S O U R C ES Sold with Federal resorve agents . . . .. 2,074,54l 2,090,372 1,691,189 Gold redemption fund with U. S. Treasury . 58^4^8 5°>,077 37,126 2° ezc lus ive ly gainst F.R. notes 2,133,039 2, lUg. 449 1,728,315 Gold settlement fund with F. R. Board . . 358,436 335,570 433,560 Gold and gold certificates held by banks . k°.b,077 503.5^5 731, S4l Reserves 2,985,552 2,987,564 2,993,516 173,635 153,332 Reserves other than gold 167,459 Total_reseryes 3,159,187 3,155.023 3,147,348 "on-reserve cash 71,670 7M10 81,652 Bills discounted: Sec. by U.S. Government obligations . . 4^, qg 594,833 115,501 7 Other bills discounted 366^3^ 176,884 TotalJ^ls_dUco3mted Siz'rzd ,0c4±33jj&J 292,385 r Bills bought in open market 275,306 ' 326,975 265,456 u. S. Government securities: ®01Jds • * 330,199 344,626 114,982 201,369 Treasury notes . . 30,549 30,843 Certificates and bills 4p j, 1 97 4-27-759 342,550 e^nen ecior i ties J&hSty 803,228 658,901 Other securities E l f E" *'''*1 6,558 Total bills and^secu^ties . . 1,888,311 2,185,216 1,223,300 Due from foreign banks J rr g 662 71? n E I I E - : i i i i i ii J i i! J| TOTAL RESOURCES 5,7l6,331 5,9%5,320 5,078,228 L I A B I L I T I ES Deposits-^3 ^ aCtUal c i r c u l a t i on • • • • 2,651,026 2,613,104 1,624,898 Ji ji || Member bank - reserve account 2,036,072 2,322,787 2,443,559 Total^eposUs 2 , l , i - , 4 l9 2,480,109 2,4-19 717 : : : : :: » i i a b i i i t i e s : : : : : : : :: j | tl _ tl _ t j| TOTAL LIABILITIES 5»i'l6,331 5 , 9 , ' 5 , 8 20 5,078,228 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 65.5fb 61.9f 0 Contingent liability on bills purchased for foreign correspondents 269,544 248,529 440,326 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON JANUARY 6, 1932 R E S O U R C ES (in thousands of dollars) B-629t Total Boston New York Phi la. Cleve, Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. 2 , 0 7 4 , 5 41 157,627 450,336 177,500 232,470 Gold with E'derai reserve agents 77,870 85,050 492,620 61,255 55,670 6l,680 37,700 184,763 Gold r jcla/jp uion fund with U.S.Trc isury 58,498 4 , 7 13 11,543 7 , 1 90 7,442 2,550 3,05'4 9,596 2,375 899 3,121 1,006 5,009 Gold held exclusively against E. R. notes 2,133,039 162,340 461,879 184,690 239,912 80,420 88,104 502,216 63,630 56,569 64,801 38,706 1 8 9 , 7 72 138,893 14,383 51,031 19,444 Gold settlement fund with E.R.Board 358,436 22,304 9,946 39,440 10,537 7,445 13,723 9,411 21,879 298,263 26,797 22,649 5,643 Gold and gold certif. held "by "banks 494,077 18,650 8,457 52,031 li,l44 5.951 12.241 3,6Q4 28.647 Total gold reserves 2 , 9 8 5 , 5 52 203,294 899,035 225,870 313,592 105,507 106,507 593,687 85,3H 69,965 90,765 51,721 240,298 Reserves other than gold 173,635 17,180 38,730 16,056 13,059 7,681 6,402 30,009 12.724 5.724 8.280 8.4o6 9.184 Total reserves 3,159,187 220,474 937,765 241,926 326,651 1 1 3 , 1 88 112,909 623,696 98,035 75,689 99,045 60,127 249,682 ^on-reserve cash 71,670 7 , 3 88 21,069 3,516 4,070 4,095 3,983 10,772 3,586 1,914 2,616 3,223 5,43s Bills discounted: yi?) Secured by U.S.Govt, obligations 451,987 f 27,063 161,04l 50,634 68,694 12,482 1 3 , 4 4 4! 62,922 15,077 1,430 6,597 3,105 29,49s 366eg9-' 23,803 63,027 30,602 34,130 25,257 26.976 Other bills discounted T 37,190 46,888 7,751. 10.229 11.192 49.184 Total bills discounted 818t£16n 50,866 198,231 113,661 115,582 43,084 47,57k 88,179 22,828 11,659 33,573 14,297 78,682 Bills bought in open market 275,306) 25,505 128,989 3,928 4,443 8,930 11,069 • 34,101 12,319 6,038 10,201 2,515 27,26s U. S, Government securities: I Bonds 330,199 23,398 111,467 33,251 26,263 3,717 5,236 54,196 11,715 15,824 9,185 17,995 17,952 Treasury notes 30,549 1,67s 16,934 1,797 2,366 267 367 2,962 806 591 536 1,696 Certificates and bills „ a? Total U.S.Govt, securities 765,945 56,180 238,901 68,879 69,099 9,030 12,603 107,539 27,536 27,641 20,208 29,864 48,010 1,630 Other securities i.i. o-fi •?-%, 844 l4,4o4 3,666 ; - J— 0 0 -9<30 3,490 SCO 904 400 1,870 - Total "bills and securities 1 , 8 8 8 , 3 11 134,181 630,525 190,134 189,124 6 1 , 7 94 72,151 233,359 63,913 46,242 64,382 46,676 155,830 8,662 635 260 Due from foreign "banks 3,173 904 875 346 312 1,232 21 14 251 589 F. R. notes of other "banks 21,726 209 7,250 522 1,242 2,133 828 3,383 1,856 467 1,727 419 1,685 Uncollected items 475,253 56,279 141,420 44,181 40,182 38,63s 13,065 50,548 19,227 7,I4I 22,124 14,911 27,537 Bank premises 57,770 3,336 14,817 2,626 7,909 3,605 2,488 7,827 3,461 1,834 3,649 1,785 4,433 All other resources 33,752 1,947 12,035 1,586 1,999 3,213 3,445 2,082 2,204 1,379 1,039 1.823 950 TOTAL RESOURCES 5 , 7 1 6 , 3 31 424,499 1 , 7 6 8 , 1 04 485,395 572,052 227,012 2 0 9 , 1 81 932,904 192,303 134,680 194,833 1 2 9 , 2 24 446,l44 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES 0? TEE FEDERAL BS&Sttttt .,0 Ori tiAilOARY b, 1932 L I A B I L I T I ES (in thousands of dollars) B-6agt Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran, F.R„notes in actual circulation 2,651,026 193,122 574,063 266,163 324,450 114,512 122,577 530,424 83,083 69,518 S3,377 46,592 238,085 Deposits: Member "bank - reserve account 2,036,072 134,783 883,159 124,842 149,951 55,212 50,808 276,649 61,307 44,172 74,161 48,742 132,286 Government 29,893 1,165 7,395 1,579 2,686 1,163 2,077 5,356 2,33*+ 1,13s 1,424 1,124 2,422 Foreign bank 64,645 5,764 13,073 7,609 7,763 3,074 2,767 10,376 2,690 1,76s 2,229 2,306 5,226 Other deposits 38,809 776 17,293 639 4,024 600 180 1,419 83s 629 142 229 12,040 Total deposits 2,169,419 142,488 920,920 134,669 164,424 60,049 55,832 293,830 67,169 47,707 77,956 52,401 151,974 Deferred availability items 451,516 56,261 129,862 40,731 33,852 34,487 12,845 48,382 20,953 6,677 20,492 15,968 26,006 Capital Toaid in 160,605 11,749 6l,6lb 16,600 14,703 5,476 5,1^3 18,011 4,693 2,952 4,180 4,158 11,324 Surplus 259,421 20,039 75,077 26,436 27,640 11,483 10,449 38,411 10,025 6,356 8,124 7,624 17,707 Ail other liabilities 24,344 780 6,566 746 1,983 1,005 2,335 3,846 1,380 1,470 704 2,481 1,048 TOTAL LIABILITIES 5,716,331 424,499 1,763,104 485,395 572,052 227,012 209,181 932,904 192,303 134,680 194,833 129,224 446,144 Reserve ratio (per cent) 65.5 65.7 62.7 6o.4 66.8 64.8 63.3 75.7 63.1 54.6 61.4 60.7 64.0 Contingent liability on bills purchased for foreign correspondents 269,544 19,402 95,958 25,611 26,129 10,343 9,313 34,924 9,054 5,950 7,502 7,761 17,592 FEDERAL RESERVE NOTE STATSM5>TT "federal reserve notes: Issued to P.R.bank by P.R.agent 2,950,938 222,776 636,169 285,463 346,913 126,253 140,505 599,537 93,211 71,710 93,863 52,342 232,196 Held by Federal reserve bank 299,912 29,594 62,106 19,300 22,463 11,741 17.928 69,113 5,128 2,192 10,486 5,750 44,111 In actual circulation 2,651,026 193,132 574,063 266,163 324,450 114,512 122,577 530,424 88,083 69,518 83,377 46,592 238,085 Collateral held by agent as security for notes issued to bank Gold and gold certificates 867,611 47,010 450,336 54,700 64,470 11,270 12,800 99,620 15,055 9,170 9,880 12,300 81,000 Gold fund - F. R. Board 1,206,930 110,617 122,800 168,000 6o,So0 72,250 393,000 46,200 46,500 51,800 25,400 103,763 Eligible paper l,025 r Qm 73,833 236,307 113,9 - ' 8 » I 0 * -V ~ V 1 W 1 7 6,618 50,617 57,354x117,302 ^ ^ , 32,41 L 7 _ V TA- > 1 ) J\J 6 -J ,301 I— y 4l,906 15,0 j 6 - 5 rv V J -\J 10 3 J , , j 31 UJ 3 Total collateral 3,099 ,,559.231,465 736,643 291,430 349,088 128,437 142,>04^609,922 93,672 71,971 103,586 52,765 288,076 <jhJ MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 91 days tc Over 6 months 6 months Bills discounted 813 , 2-1-6 Z 638,235- / j i y 44,483 64,994 50,213 18,505 1,751 Bills bought in open market 275,306 137,297 70,4i6 47,482 19,161 950 Certificates and "bills 405,197 6,500 23,450 99,154 68,345 80,500 127,243 D ht i t g p i : t / iz / M f e ra d s u f e on r r . s iF t c l R o iA u p i S s a f E e lR d w . or a g r / rants 2,m 2,032 75 69 132 . 1 Federal Reserve Bank of St. Louis