H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STAT5MEFT FOR THE PRESS Released for nub 11cat ion B-667 Friday morning, Feb. 5; Federal Reserve Board not earlier. February 4, I932. C0FDITI0H OF FEDERAL RESERVE BAKES The daily average volume of Federal reserve bank credit outstanding during the week ending February 3» as reported by the Federal reserve banks, was $11830,000,000, an increase of $17,000,000 compared with the preceding week and of $863,000,000 compared with the corresponding week in 1931* On February,3 total reserve bank credit amounted to $1,810,000,000, an increase of 612,000,000 for the week. This increase corresponds with an increase of *42,000,000 in money in circulation and a decrease of $20,000,000 in monetary gold stock, offset in part by decreases of $3,000,000 in member bank reserve balances and $32,000,000 in unexpended capital funds, nonmember deposits, etc., pud an increase of S10,000,000 in Treasury currency, adjusted. Holdings of discounted bills declined $4,000,000 at the Federal Reserve Bank of Philadelphia and $6,000,000 at Cleveland, and increased $15,000,000 each at Hew York and San Francisco and $17,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $6,000,000 and of Treasury certificates and oills $14,000,000, while holdings of United States Treasury notes increased $12,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending February 3, 1932, were as follows: Increase or decrease since reb. 3 J an. 27 Feb. 4 1-V32 1932 (In u iillion s of dollars) Bills discounted 855 + 17 + 632 Bills bought 156 6 + 52 - United States securities 749 3 + 139 - Other reserve bank credit 49 + 3 + 37 TOTAL RESERVE BAFK CREDIT 1,810 + 12 + 861 Monetary gold stock 4,4o6 20 - 243 - Treasury currency adjusted 1,786 + 10 + 25 Money in circulation 5,631 + 42 +1,055 Member bank reserve balances 1,937 8 - 442 - Unexpended capital funds,nonmember deposits, etc. 433 32 + 29 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Feb. 5,1932; not earlier. B-6o7a RESOURCES JL>T LIABILITIES OF THE TWELVE FEDERAL RESERVE BA:?CS C013I:TED (In thousands of dollars) Feb, 3,1932 Jan. 27,1932 Feb. 4. 1931 R E S O U R C ES Gold with Federal reserve agents . . .. 2,078,779 2,063,879 1,724,459 Gold redemption fund with U.S.Treasury . 56,462 59,493 34,8^-4 Gold held exclusively against F.R.notes 2,135,241 2,123,372 1,759,303 Gold settlement fund with F. R. Board . 320,005 333,756 419,179 Gold and gold certificates held by banks 514,936 529,858 897,930 Total gold reserves 2,970,182 2,986,986 3,07$,4l2 Reserves other than gold 197,321 198,520 184,445 Total reserves 3,167,503 3,185,506 3,260,857 Fon-reserve cash 74,197 77,315 78,119 Bills discounted: Sec. by U.S. Government obligations . 476,002 451,664 74,578 Other bills discounted 379,166 385,975 148,339 Total bills discounted 855,168 837,639 222,917 Bills bought in open market 156,100 lo2,26l 104,275 U. S. Government securities: Bonds 320,207 320,383 83,728 Treasury notes 63,020 51,070 190,190 Certificates and bills 365,768 380,263 335,593 Total U.S.Government securities • 71^995 751,716 609,511 Other securities 35,952 36,296 Total bills and securities . . 1,796",215 1,787,912 936,703 Due from foreign banks S,6ll 8,608 704 F. R. notes of other banks 14,600 15,748 22,375 Uncollected items 176,009 353,251 467,135 Bank premises V.S20 57,819 58,039 All other resources 38,436 37,351 19,028 TOTAL RESOURCES 5,533,391 5,523,510 4,843,460 L I A B I L I T I ES F. R. notes in actual circulation . . . 2,664,003 2,627,296 1,476,742 Deposits: Member bank - reserve account . . .. 1,937,231 1,945,217 2,378,806 Government 31,675 38,555 51,792 Foreign bank 61,671 79,937 5,4^6 Other deposits 23,424 35,783 18,744 Total deposit3 2,054,001 2,099,492 2,454,798 Deferred availability items 371,161 352,001 455,356 Capital paid in 158,500 159,233 169,361 Surplus 259,421 259,421 274,636 All other liabilities 26,305 26,067 12,567 TOTAL LIABILITIES 5,533,391 5,523,510 4,841,460 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 67.1$ 67.4$ 82.9$ Contingent liability on bills purchased for foreign correspondents 317,681 304,777 448,382 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AM) LIABILITIES OF TTE FEDERAL RESERVE BAMS OH FEBRUARY 3, 1932 R E S O U R C ES (in thousands of dollars) B-66%b Total Boston :':w York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,075,779 168,627 465,239 160,000 212,470 74,170 83,300 542,620 69,395 53,055 6l,6SO 33,460 154,763 Gold redemption fund with U.S.Treasury 56,462 4,658 1*1,312 7,074 7,370 2,395 3,254 6.541 2,358 394 3,113 1,001 6,4g2 Gold held exclusively against F. 5. notes 2,135,241 173,285 476,551 167,074 219,840 76,565 86,554 549,161 71,753 53,9^9 64,793 34,461 161,255 Gold settlement fund with F. R. Board 320,005 12,931 121,427 24,375 46,221 20,974 6,926 29,790 7,920 8,321 7,586 10,007 23,527 Gold and gold certif. held "by banks 514,936 19,155 324,403 28,180 23,908 5,976 8,890 52,462 11,340 1,902 11,986 3,560 23,174 Total gold reserves 2,970,182 205,371 922,381 219,629 289,969 103,515 102,370 631,413 91,013 64,172 84,365 48,028 207,956 Reserves other than gold 197,321 I9.4l6 46,54l 19,997 15,665 9,586 5,915 31,857 12,091 6,<58 8,672 9,567 11,356 Total reserves 3,167,503 224,787 968,922 239,626 305,634 113,101 108,285 663,270 103,104 70,830 93,037 57,595 219,312 "on-reserve cash 74,197 8,436 19,618 5,560 3,732 4,452 4,185 11,706 3,369 1,673 1,363 3,41+5 6,158 Bills discounted: , . . ___ Secured by u.s,Govt, obligations 476,002 22,449 14-7,360 53,465 68,340 8,453 11,552 63,000 14,517 3,462 7,957 2,945 72,502 ether bills discounted 379,166 18,864 43,055 64,46o 43,451 29,277 37,324 24,492 9,237 11,109 29,093 11,671 51.53,3 Total bills discounted 855,168 41,313 190,415 117,925 116,791 37,730 48,876 87,492 23,754 14,571 37,650 i4,6i6 124,035 Bills bought in open market 156,100 11,427 53,483 6,566 7,538 7.6l4 9,343 18,521 7,247 4,657 6,842 3,888 18,974 U. S. Government securities: r Bonds 320,207 23,416 111,467 23,252 26,263 3,717 5,225 54,196 11,715 15,823 9,185 17,996 17.952 Treasury notes 63,020 4,466 28,354 4,425 5,84l 724 1,005 7,285 2,183 1,607 l,4s6 1,535 4,109 Certificates and bills 365,768 28,316 142,080 31,203 36,995 4,64o 6,377 46,108 13,988 10,24l 9,537 10,334 25,949 Total U.S.Govt, securities 748,995 56,198 281,901 58,880 69,099 9,081 12,607 107,589 27,886 27,671 20,208 29,865 43,010 Other securities 35,952 3,025 19,478 3,081 700 85O 4,270 880 558 725 - 2,385 Total bills and securities 1,796,215 ill,963 545,277 186,452 193,428 55,125 71,676 217,872 59,767 47,457 65,425 48,369 193,404 Due from foreign banks S,6ll 695 3,078 94l 876 347 321 1,225 21 13 252 243 599 F. R. notes of other banks 14,600 244 4,192 462 873 1,253 913 2,210 874 517 1,H3 309 1,640 Uncollected items 376,009 44,948 109,139 35,991 35,159 28,009 10,531 38,000 15,593 6,132 18,570 13,117 20,820 Bank premises 57,820 3,336 14,817 2,626 7,953 3,605 2,489 7,827 3.461 1,834 3,649 1,785 4,4j3 All other resources 38,436 1,252 13,970 l,4o4 2,085 4,619 4,l6l 3,399 2,182 1,438 1,118 1,538 1,270 TOTAL RESOURCES 5,533,391 395,661 1,679,013 473,062 549,745 210,511 202,561 945,509 188,371 129,894 185,027 126,401 447,636 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES A17D LIABILITIES OF THE FEDERAL RESERVE BAHCS 017 FEBRUARY 3, I932 L I A B I L I T I ES (in thousands of dollars) B-667C Total Boston Mew York Phi la. Clc-ve. Rich. Atlanta Chicago St.Louis Minn. Kans Cy. Dallas San Fran. P.E.notes in actual circulation e 2,664,003 186,647 574,444 262,967 313,61s 107,122 121,017 570,324 92,763 Deposits: 68,583 82,859 42,90s 240,751 Member bank - reserve account 1,937,231 122,594 823,643 120,747 142,226 53.366 4s,405 264,149 5g 457 Government 31,675 3,150 41,425 68,357 50,748 143,114 Foreign bank 61,671 7,735 4,309 3,742 l.soi 1,772 1,422 "1*224 1,205 1,135 1,781 2,399 5,599 12,016 7.5SS 7,441 2,947 2,726 9,872 2,579 Other deposits 23,424 205 1,621 2,136 2,063 5,003 11 212 3,398 177 210 7gp rU Total deposits 111 ifffi7 fg J±51 iBZLL 5,4 69 Deferred availability itens 54,809 156,065 Capital paid in 13,986 20,535 Surplus 4,o64 11,223 All other liabilities 7,624 17,707 TOTAL LIABILITIES 1.355 5,533,39! 395,661 1,679,013 473,062 549,745 210,511 202,561 945,509 188,371 129,894 185,027 C R o es n e t r in ve g e r n a t t l io ia b (p i e l r ity ce o n n t) bills pur- 67.1 70.6 67.8 60.5 65.0 68.4 62.2 78.3 66.; 62.5 60.2 1 5 2 8 6 . , 9 4 . o i 4 5 4 5 7, .3 6 36 chased for foreign correspondents 317,681 23,867 106,021 32,346 31,71 12,561 11,619 42,081 10,991 6,909 9,107 8.793 21,66s FEDERAL RESERVE rOTE STATEMEFT Federal reserve notes: Issued to F.R.bank by F.R.agent 2,920,870 213,420 ^ Held by Federal reserve bank 49,903 277,232 « "3:M? « % 6,995 36,481 In actual circulation 2,664,003 186,647 574,444 262,967 313,61s 107,122 121,017 570,324 Collateral held by agent as se- 52,763 68,533 82,859 42,90s 240,751 - 7 curity for notes issued to bank Gold and gold certificates j g ll 111111.11 Jill-I I| j p| Gold fund - F. R. Board 12,260 86,000 Eligible paper 21,200 68,763 Total collateral 17.094 HQ.681 50,554 294,446 11 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 1 'otal Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 91 days to Over 6 months 6 months B C Bi i e l l r l l t s i s b f i d o c i u s a g c t h o e t s u n a in n te d d o b p i e l n ls m arket 3 1 8 6 5 5 5 6 5 , , , 7 1 1 6 0 6 8 8 0 6 5 4 6 2 9 6 , , , 8 8 4 3 2 3 6 3 2 3 3 4 8 7 8 , , , 8 2 1 1 3 4 8 0 3 6 4 7 6 5 4 , , , 3 6 1 4 7 4 5 5 2 2 4 2 6 , , 9 8 1 1 8 9 16,6 4 1 54 1 3,021 Municipal warrants 3,652 3,168 3,500- 84,198 120,071 107 376 l Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis