H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATE! 'EFT- FOB THE PRESS Released for publication B-697 Friday morning, Mar, 4; Federal Reserve Board not earlier. March 3, 1932. COrDITIOlT OF FEDERAL RESERVE BAMS The daily average volume of Federal reserve bank credit outstanding during 6 ending March 2, as reported by the Federal reserve banks, was $ ,728,000,000, a decrease of $47,000,000 compared with the preceding week and an increase of $807,000,000 compared with the corresponding week in 1931. A °nnnanon f reserve banl: credit amounted to £1,729,000,000, a decrease C In nnA e week- ™s decrease corresponds with decreases of $9,000 000 in money in circulation and $10,000,000 in unexpended capital funds, nonmember deposits, etc., and an increase of $11,00?,000 in Treasury currency, adjusted, oifset in part by an increase of $24,000,000 in member bank reserve balances. , . discounted bills increased $3,000,000 each at the Federal reserve banksof Philadelphia and Richmond, and decreased $7,000,000 at Few York, $3,000,000 each at Boston and San Francisco, and $7,000,000 at all Federal reserve System's holdings of bills bought in open market declined $17,000,000, Ind bills $14^000 OOr3^7 n0tGS inCreaSed *7,000,000 and of Treasury certificates ^ Changes in tne amount of reserve bank credit outstanding and in related items during the week and the year ending March 2, 1932, were as follows: Increase or decrease since Mar. 2 Feb. 24 Mar. 4 1932 1932 1931 (In thousands of dollars) Bills discounted 828 7 + 637 Bills bought 116 - 17 + 15 United States securities 760 + 19 + 160 Other reserve bank credit 25 + 8 TOTAL RESERVE BA2TC CREDIT 1,729 5 + 821 Monetary gold stock 4,350 - 322 Treasury currency adjusted 1,791 + 11 + 29 Money in circulation 5,583 - 9 +1,008 Member bank reserve balances 1,902 + 24 - 463 Unexpended, caoital funds,nonmember deposits, ctc. 335 - 10 - 16 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, 2:ar. 4,1932; not earlier. B-G97a RESOURCES AED LIABILITIES OF THE TWELVE FEDERAL RESERVE BA3HCS C0MBIF5D (In thousands of dollars) Mar. 2, 1932 Feb. 24,1932 Mar. 4, 1931 R E S O U R C ES Gold with Federal reserve agents . . . 2,056,14/ 2,037,03? 1,705,384 Go",d redemption fund with U.S.Treasury 54,744 55,745 33,620 Gold held exclusively against F.R.notes 2,110,891 2,092, 777 1,739,004 Gold settlement fund with F. R. Board . 27S,531 2?5,c.49 491,679 Gold and %old certificates held by banks 549,552 559,222 863,614 Total t c;old reserves 2,938,974 2,937,548 3,094,297 Reserves other than £old 206,381 202,214 175,990 Totnljre^erTes 3,145,355 3,139,762 3,270,287 Non-reserve cash 73,549 75,546 75,634 Bills discounted: Sec. by U.S. Government obligations . 462,142 471,180 63,258 Other bills discounted 366,260 364,063 127,318 Total bills discounted 828,402 835,243 190,576 Bills bought in open market 115,640 133,382 100,555 U. S. Government securities: Bonds 318,686 319,241 76,123 Treasury notes 79,501 73,k97 168,293 Certificates and bills 361,768 347,818 355,451 Total U.S.Government securities 7K.9,053 y40,^56 599,867 Other securities 6,073 14,681 Total bills and securities . . 1,710,070 1,723,862 890,998 Due from foreign baides 8,605 8,595 698 F.R. notes of other banks 14,880 15,215 16,239 Uncollected items 384*984 398,332 516,299 Bank premises 57,821 57,821 55,196 All other resources 39,730 ^9,793 19,729 TOTAL RESOURCES ^,434,994 5,458,926 4,848,080 L I A B I L I T I ES F. R. notes in actual circulation . . 2,638,488 2,642,827 1,459,837 Deposits: Member bank - reserve account . . . 1,902,138 1,877,793 2,365,192 Government 36,875 49,362 43,644 Foreign bank lb,392 16,399 5,197 Other deposits 21,696 30,002 16,737 Total deposits 1,97",101 1,973,496 2,430,770 Deferred availability items 375,05s 396,426 500,381 Capital paid in 156,665 157,'857 169,092 Surplus 259,421 259,421 274,636 All other liabilities 28,261 23,899 13,364 TOTAL LIABILITIES 5,434,994 5,458~,~926 4,848,080 Ratio of total reserves to deposit and F. R. note liabilities combined . . 68.1$ 68.0% 84.1# Contingent liability on bills purchased for foreign correspondents 311,640 313,281 462,261 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AIT) LIABILITIES 0? THE FEDERAL RESERVE BATES OF MARCH 2, 1932 R E S O U R C ES (in thousands of dollars) 3-697% Total Boston Few York Phi la. Cleve. Rich. Atlanta Chicago St. Louis Minn. [ans.Cy. Dallas San Fran. Gold with Federal reserve agents 2, 056,147 164,627 473,217 152,700 207,470 74,170 86,775 5^0,320 76,220 56,345 56,080 29,460 138,763 Gold redemption fund with U.S.Treasury 54,744 4,628 11,192 7,011 6,332 2,259 2.731: 5,506 2,351 839 3,109 998 7,735 Gold held exclusively against F. R. notes 2, 110,891 169,255 484,409 153,711 213,802 76,429 89,509 545,826 73,571 I ,234 59,189 30,45s 146,498 J Geld settlement fund with F.R. Board 272,531 14,335 110,124 14,042 35,007 9,120 7,500 28,396 7,775 6, s4i 12,255 8,046 25,030 Gold and gold certif. held by banks 549,552 18,801 355,076 26,964 24,341 _£iIS2. 9.142 55.010 11,' .^.lii 12,743 1.446 21.924 Total gold reserves 2, 933,974 202, 451 949,b09 200,717 273,152 91,931 106,151 629,232 97,392 66,250 34,187 41,950 195,452 Reserves other than gold 206,331 20, 045 53,532 24,264 16,195 11,113 5,246 27,672 11.275 7,214 7,347 9,943 11,974 reserves 3, ^•5,355 22 P f 4 36 1,003,191 224,931 253,350 103,049 111,397 656,904 109,170 73,464 92,034 51,593 207,426 on-reserve casi 73,549 7* 320 19,266 4,459 4,047 4,325 4,363 12,226 3,^71 1,955 2,089 3, '499 6,529 Bills disccunt 3d: Secured by U.S.Govt, obligations 462,142 21, 430 117,044 66,148 67,710 11,643 13,604 47.502 12,335 3,023 9,244 3,567 88,337 Other bills discounted 366,260 15, 353 44,583 59,533 54,045 26,651 34,199 24,675 7,660 10,164 30,695 11,781 46,352 Total bills discounted S2o ,.402 37, 289 161,632 125,736 121,755 35,294 47,503 72,130 20,045 13,192 39,939 15,348 135,139 Bills bought in open uiarket 115,640 7, 035 37,750 6,271 7,247 5,145 7,135 14,267 4,432 2,952 4,569 3,539 15,295 *J. S. Government securities: Bonds 313,62b 23, 333 1-0,707 23,164 26,161 5,731 5,223 54,219 11,760 15,304 7,635 16,959 17,344 Treasury notes 79,501 5, 509 36,712 5,869 7,137 989 1,225 8,900 2,701 1,971 1,530 1,663 4,995 Certificates and bills 361,76s 27',: 248 143,546 31,131 35,546 7,361 6,156 44,527 13,536 9,860 9,193 8,712 24,902 To.tal U.S. Govt, securities 759,955 56, 156 290,965 60,214 63,844 14,0a 12,604 107,646 27,997 27,635 13,703 27,364 47,741 Other securities 6,073 100 4,716 153 — - - 1,000 - 99 - - - Total bills and securities 1, 710,070 100, 530 495,063 192,379 197,346 57,520 67,"42 195.>93 52,474 43,373 63,216 46,251 193,223 Due from foreign banks ?V05 696 3,062 943 57:' 348 322 1,227 21 13 252 243 600 F.R.notes of other banks 14,830 355 4,i6o 473 1,126 1,037 302 2,470 1,033 500 1,135 275 1,453 Uncollected i terns 334,934 42, 331 111,397 34,137 34,645 27,547 9,461 47,270 16,002 6,212 21,395 12,674 20,863 Bank premises 57,821 3, 336 14,317 2,626 7,959 3,605 2,489 7,827 3,461 1,834 3,649 1,735 4,433 All other resources 39,730 1, 077 15,375 i,4io 1,950 5,203 3,937 4,029 1,812 1,439 1,066 1,370 1,006 TOTAL RESOURCES 5,434,994 378,741 1,666,831 46i,4os 537,801 202,640 200,363 927,046 187,450 129,295 184,886 117,990 440,543 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL' 'RESERVE BAMS' OF MARCH 2, L I A B I L I T I ES (In thousands of dollars) B-697C Total Boston !Tew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 2,638,488 181,344 573,861 260,085 308,582 103,256 120,565 565,916 93,528 69,070 83,943 40,755 237,533 Deposits: Member bank - reserve account 1,902,138 118,370 810,407 120,251 141,421 52,96 7 49,599 251,901 58,130 41,522 66,566 47,156 143,548 Government 36,875 2,066 16,548 2,761 3,993 793 1,506 780 1,507 1,192 360 2,714 2,650 Foreign bank 16,392 1,254 5,269 1,700 1,607 660 6ll 2,211 577 363 479 462 1,139 Other deposits 21.696 111. 10.243 22k 3.199 - 515 851 798 418 491 29 4,547 Total deposits 1,977,101 121,803 842,467 125,106 150,285 54,51s 52,531 255,743 61,012 43,495 67,396 50,361 151,384 Deferred availability it eras 375,052 43,075 106,529 32,019 l4,6l4 27,012 9,341 45,668 17,091 5,945 20,012 13,184 20,56s Capital paid in 156,665 11,580 59,567 16,368 14,331 5,310 4,982 17,727 4,499 2,945 4,149 4,032 11,175 Surplus 259,421 20,039 75,077 26,486 27,64o 11,483 10,449 33,411 10,025 6,356 8,124 7,624 17,707 All other liabilities 22,261 900 9,330 1,344 2,349 l.cSi 2,495 3.5S1 1,295 l,4s4 762 2,034 1,626 TOTAL LIABILITIES 5,434,994 378,741 1,666,831 461,405 537,801 202,640 200,303 927,046 187,450 129,295 184,886 117,990 440,543 Reserve ratio ('per cent) 68.1 73.4 70. S %.4 63.1 b5-3 64.4 79.9 70.6 65.3 60.6 57.0 53.3 Contingent liability en bills purchased for foreign, correspondents 511,640 23,702 101,440 32,123 31,499 12,475 11,539 41,791 10,915 6,861 9,044 8,732 21,519 FEDERAL RESERVE F0T3 STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.agent 2,887,961 202,628 621,082 277,103 326,631 112,606 137,790 616,263 97,434 70,575 94,050 46,263 285,536 Held by Federal reserve bank 249,473 21,284 47,221 17,018 18,049 9,350 17,225 50,347 3,906 1,505 10,107 5,508 47,953 In actual circulation 2,638,488 181,344 573,861 260,085 303,522 103,256 120,565 565,916 93,52s 69,070 83,943 40,755 237,533 Collateral held by agent as security for notes issued to ba^il Gold and gold certificates 748,967 47,010 323,217 57,400 64,470 11,570 12,775 97,320 15,520 13,145 9,280 12,260 85,000 Gold fund - F. H. Board 1,307,130 117,617 150,000 95,300 143,000 62,60c 74,000 44j,000 60,700 43,200 46,800 17,200 53,763 Eligible ua-oer .02,360 41,7 hi 138,255 128,482 125,620 41,563 52,976 51,399 21,233 14,632 4l,j63 17,372 147,499 Total collate! al :,5 53,707 206,333 661,472 281,182 333,090 115,733 139,751 621,719 97,458 70,977 97,543 46,332 286,262 MATURITY DISTRIBUTION OF BILLS AM) 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 828,402 649,004 47,283 66,090 46,217 15,914 3,894 Bills bought in open market 115,640 48,008 37,132 12,711 17,763 21 Certificates and bills 361,768 67,546 4,250 6,300 54,816 95,204 133,652 Municipal warrants 4,573 4,390 130 1 52 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis