H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATE?G!TT FOB TEE PRESS Released for publication B-73S Friday morning, April g; Federal Reserve Board not earlier. April 7, 1932. CCPDITIOr OF FEDERAL RES?R^/E BAT7CS The daily average volume of Federal reserve "bank credit outstanding during the week ending April 6, as reported by the Federal reserve banks, was $1,.00,000,000, an increase of $1,000,000 compared with, the preceding week and of $59«»000,000 compared with the corresponding week in 1931. On April 6 total reserve bank credit amounted to §1,599,300,000, an increase of $12,000,000 for the week. This increase corresponds with increases of $19,000,000 in money in circulation and $31,000,000 in member bank reserve balances, offset in part by increases of $5,000,000 in monetary gold stock and $26,000,000 in Treasury currency, adjusted, and a decrease of $5,000,000 in unexpended capital funds, no 11member deposits, etc. ,:iOldings of discounted bills declined 57,000,000 at the Federal Reserve Bank of Few York, and increased $9,000,000 at Cleveland, $4,000,000 at Chicago and $2, .,00,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $5,000,000 and of United States bonds $9,000,000, while holdings of Treasury certificates and bills increased $22,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending April 6, 1932, were as follows: Increase or decrease since Anr. 6 Mar. 30 Aor. 5 1932 1932 1931 (in millions of dollars) Bills discounted 635 + 2 492 Bills bought 53 0 _ 114 - United States securities SG5 + 13 + 2S6 Other reserve bank credit 21 + 5 5 TOTAL RESERVE BAJ'IC CREDIT 1,599 + 12 + 670 Monetary gold stock 4,396 + s 307 Treasury currency adjusted* i,no6 26 + 31 Money in circulation* 5,^53 19 + 547 Member bank reserve balances 1,942 31 447 m-m Unexpended capital funds,nonmember deposits,etc. 4oo 5 7 - *March 30 figures revised. (Increased 3 millions) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, April J,1932; not earlier. B-73Sn R3S0URC3S A7D LIABILITIES OF TH3 T« FEDERAL 33S*S?*3 BAZIIS C0I<!BIFED (In thousands of dollars) Apr. 6,1912 Mar. 30,1932 Apr. S, 1931 R E S O U R C ES Gold with Federal reserve agents . . .. 2,181,91+7 2,182,647 1,733,114 Gold redemption fund -;ith U.S.Treasury . 43,201 i'K-895 32,84s Gold held exclusively against F.R.notes 2,225,lkS 2,233,542 1,765,962 Gold settlement fund with F.R. Beard 318,494 293,292 540,763 Gold and gold certificates held by banks 4*8,560 490,923 82)1,296 Total gold reserves 3,032,202 3,017,757 3,131,021 Reserves other thai gold 212,544 216,510 177,992 Total reserves . . .. 3,244,746 3,234,567 3,309,013 ^on-reserve cash 74,062 79,131 75,100 Bills discounted: Sec. "by U.S. Government obligations 319,796 318,935 45,700 Other bills discounted . . 315,^78 314,320 96,555 Total bills discounted 635,274 633,255 142,555 Bills bought in open market 66,362 57,946 171,729 U. S. Government securities: Bonds 318,690 327,667 66,719 Treasury notes 24,395 84,397 59,225 Certificates and bills 481,929 459,554 472,711 Total U.S. Government secm-_iti_e_s 885,014 871,61s 598,655 Other securities . .. 4,321 6,911 Total bills and securities . . 1,582,555 1,578,146 912,969 Due from foreign banks 6,644 6,645 697 F.R,notes of other banks l4,sio 14,376 14,353 Uncollected items 362,758 331,558 475,629 Ban;: premises 57,853 57,820 58,364 All other resources 36,602 36,337 17,257 TOTAL RESOURCES . . .. 5,380,030 . 5,338,63c 4,866,442 L I A B I L I T I ES F. R, notes in actual circulation . 2,561,573 2,546,275 1,505,143 Deposi ts: Member bank - reserve account . . 1,942,268 1,911,496 2,355,700 Government 28,137 52,572 2m,554 Foreign bank 29,712 31,249 5,243 Other deposits 20,044 23,325 15,650 Total deposits . , 2,020,161 2,018,642 2,442,507 Deferred availability items 353,218 329,416 460,439 Capital paid in 155,558 155,624 165,713 Surplus 259,421 259,421 274,636 All other liabilities . . , 30,099 29,260 15,004 TOTAL LIABILITIES 5,380,030 5,335,635 4,566,442 Ratio of total reserves to deposit and F. R. note liabilities combined . . 70. s£ 70.94 33.8£ Contingent liability on bills purchased for foreign correspondents 335,312 335,425 429,536 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BAMS OH A2RXL 6, 1932 R E S O U R C ES (In thousands of dollars) B-73Sb Total Boston Hew York phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,181,947 164,627 498,217 193,300 220,970 74,170 99,275 5^9,920 77,920 61,945 64,080 32,760 144,763 Gold redemption fund with U.S.Treasury 43,201 2,162 9,085 6,192 5,498 1,777 2,092 4,370 2,086 46l 2,690 953 5,835 Gold held exclusively against F. R. notes 2,225,148 166,789 507,302 199,492 226,468 75,947 101,367 554,290 80,006 62/406 66,770 33,713 150,598 Gold settlement fund with ?. R.Board 318,494 15,597 119,475 18,546 30,372 5,919 10,572 62,575 8,834 9,o6o 7,535 6,365 23,644 Gold and gold certif. held by banks 488,560 19,812. 330,365 14,284 21,656 7,180 _„7,„7l6. 27,86j._ 12.,_22S 2,_640 _liiI36_^ L,5LL_.2?.,019 Total gold reserves 3,032,202 202,198 957,142 232,322 278,496 89,046 119,735 644,732 101,068 74,106 87,441 43,655 202,261 Reserves other than "old . 212, 544 21,^22_.._55, 210 28^4=1. .17,281. 12,.4.39 „_2,903.._2^,506„_ .10, RSI . 5,056 .„7.,p44 10,469 . 12,778 Total reserves 3,244,746 224,120 1,012,352 260,671 295,783 101,485 125,638 670,238 111,649 79,l62 94,485 54,124 215,039 "on-rcserve cash 74,062 6,792 19,986 3,s6l 3,805 4,125 4,564 12,740 3,630 2,015 2,433 3,64l 6,470 Bills discounted: Secured by U.S.Govt, obligations 319,796 18,285 90,901 10,283 47,246 7,191 6,333 29,746 10,931 1,193 6,075 639 70,973 Other bills discounted 15^99. 40^4i_. J ^ lA 46,747 ,23,J33..„28,153 .. 12^41. 7.1.229. .8,055__2Jj_35.1 .452 Total bills discounted 635,274 33,594 131,248 74,457 93,993 30,924 34,486 49,187 18,160 9,24s 33,434 11,118 115,425 Bills bought In onen market 57,946 2,537 16,280 3,407 3,122 2,891 3,067 8,323 2,302 1,170 2,451 2,192 9,6o4 U. S. Government securities: Bonds 318,690 23,399 109,4l4 22,998 25,945 7,772 5,231 53,939 11,674 15,790 7,695 16,989 17,844 Treasury notes 84,395 6,509 32,638 7,154 8,698 1,452 1,451 10,426 3,153 2,327 2,693 1,977 5,582 Certificates and bills 1*31,929 26,248 243,284 39,346 46,221 9,857 5,920 42,595 .12,925 9,572 13,548 8,398 24,015 Total U.S.Govt, securities 825,014 56,156 385,336 $9,4(8 80,864 19,081 12,602 106,9b0 27,757 27,689 23,936 27,364 47,74l Other securities 4,321 - 2,866 1,377 - - - 78 ~ Total bills and securities 1,582,555 92,287 535,730 148,739 177,979 52,896 50,755 164,470 48,249 38,185 59,821 40,674 172,770 Due from foreign banks 6,644 ^36 2,361 727 678 268 248 946 21 13 195 188 463 F. R. notes of~other banks l4,S10 215 4,025 342 811 1,178 859 2,259 1,573 408 1,194 273 1.673 Uncollected items 362,758 44,687 99,438 33,108 32,979 26,412 9,998 41,900 15,o4s 6,913 19,787 12,334 20,154 Bank premises 57,853 3,336 14,817 2,651 7,962 3,609 2,489 7,827 3,46i 1,834 3,649 1,785 4,433 All other resources 36,602 1,002 l4,5o6 1,098 1,753 5,027 3,715 3,259 1,512 1,380 1,154 1,264 842 TOTAL RESOURCES 5,380,030 372,975 1,703,275 451,197 521,780 195,000 198,266 903,639 185,143 129,910 182,718 114,283 421,844 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES™ AHJ LIABILITIES OF THE FEDERAL RESERVE BAFKS OH APRIL 6, I932 L I A B I L I T I ES (in thousands of dollars) }3-738c Total Boston Few York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. P.R.notes in actual circulation i -.561,573 172,464 573,35S 252,574 295,115 96,395 118,265 547,43s 91,201 69,309 82,090 38,330 225,034 Deposits: Member banir - reserve account ! .,942,26s 118,626 867,167 118,203 141,790 51,814 48,807 247,070 57,881 40,449 67.057 46,73S 136,666 Government 28,137 2,060 5,216 1,390 2,186 2,17s 2,075 4,475 2,175 1,329 913 1,306 2,829 Foreign tan?: 29,712 2,328 9,070 3,154 3,093 1,225 1,133 4,104 l ill 674 888 858 2,113 Other deposits 20.044 10,716. 122 2,690 122 .152 . 4 49 6^0 _.S9. 68 4^241 Total deposits ; >,020,161 123,051 892,169 122,869 149,759 55,339 52,167 256,098 61,796 43,142 63,952 48,970 145,849 Deferred availability items 353,218 44,902 94,021 31,273 32,315 25,393 9,338 40,463 16,302 6,625 18,643 13,276 20,117 Capital paid in- 155,558 11,531 59,179 16,245 14,25s 5,291 4,937 17,447 4,490 2,933 4,101 4,005 11,136 Surplus 259,421 20,039 75,077 26,486 27,64o 11,433 10,449 38,411 10,025 6,356 8,124 7,624 17,707 All other liabilities .... 30,03a. 238. -LI5Q -._2x621 1.1.022.. ._2^6o 3,732 _1,32_9 1,540 SOS 2,07s - 2,001 TOTAL LIABILITIES ' ,,380,030 372,975 1,703,275 451,197 521,780 195,000 198,266 903,639 135,143 129,910 182,718 114,283 421,844 Reserve ratio (per cent) 70.8 75.S 69.1 69.4 66.5 66.9 73.7 83.4 73.0 70.4 62.6 62.0 53.0 Contingent liability on bills purchased for foreign correspondents 335,312 25,493 109,231 34,549 33,379 13,417 12,411 44,94s 11,740 7,379 9,728 9,392 23,145 FEDERAL RESERVE *'t0T5 STATEMENT Federal reserve notes: Issued to F.R.banh by F.R.agent 2,796,501 193,330 624,66s 266,462 310,831 105,087 134,436 596,733 96,206 70,873 93,713 43,320 260,842 7"eld by Federal reserve ba:rr 234,928 20,866 51,310 13,388 15,716 8,692 16,171 49,295 5,005 1,564 11,623 4,990 35,808 In actual circulation 2,561,573 172,464 573,353 252,574 295,115 96,395 11^265 547,'43s™91,20T""69,309 82,090 38,330 225,034 Collateral held by agent as security for notes issued to ban- Gold and gold certificates 861,567 47,010 393,217 71,400 67,970 11,570 14,275 124,920 15,520 13,145 9.280 12,260 81,000 Gold fund - F. R. Board 1,320,380 117,617 105,000 121,900 153,000 62,600 85,000 425,000 62,400 48,800 54,800 20,500 63,763 Eligible paper 655,623 33,768 136,649 74,652 93,S00_J2,360^ 35,914 53,006 _1S,373 9,142 33,846 11,725 122,383 Total collateral 2,837,570 193,395 634,366 267,952 314,770 106,530 135,189 602,926" 96,29~s"71^087 977§26 44","4s5~257","i46 MATURITY DISTRIBUTION OF BILLS AJTD SHORT TERM SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days ol to 90 days Over 6 months 6 months Bills discounted 635,274 481,735 39,618 56,319 39,210 14,407 3.485 Bills "bought in open market 57,946 26,913 3,349 12,871 9,574 239 Certificates and "bills 451,929 3,500 3,800 109,916 74,300 132,289 153,124 Municipal warrants 4,321 4,i66 20 107 28 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis