H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATUE!:'? FOR T'3 PRESS Released for publication B-744 Friday morning, Apr. 15; Federal Reserve Board not earlier. April l4, 1932. CO-TDITIO'T OF FEDERAL RESERVE BA'TKS The daily average volume of Federal reserve bank credit outstanding during the week ending April 13, as reported by the Federal reserve banks, was $1,629,000,000, $29 000,000 an increase of f compared with the preceding weel: and of $709,000,000 compared with the corresponding week in 1931. On April 11 total reserve bank credit amounted to $1,606,000,000, an increase of $07,000,000 for tne week. This increase corresponds with increases of $69,000,000 in member bank reserve balances and *11,000,000 in unexpended caoital funds, nonmember deposits, etc., and decreases of §16,000,000 in monetary gold stock and $26,000,000 in Treasury currency adjusted, offset in part by a decrease of $351000,000 in money in circulation. •icldings of discounted bills increased $4,000,000 at the Federal Reserve Bank of Cleveland, and declined $9,000,000 at Mew York $3,000,000 at Richmond and $0,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined 66,000,000, while holdings of U. S. bonds increased $3,000,000, of Treasury notes $1, >00,000 and of Treasury certificates and bills $96,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending April 13, 1932, were as follows: Increase or decrease since Apr. 13 Apr. 6 Apr. 15 1932 1912 1931 (in millions of dollars) Bills discounted 629 - 6 + 497 Bills bought 52 6 79 United States securities 905 +100 + 3S6 Other reserve bank credit 20 - 1 13 - TOTAL RESERVE 3AHC CREDIT l,6o6 + 27 4- 791 Monetary gold stock U,3H0 - 16 330 - Treasury currency adjusted 1,7-0 - 26 9 - Money in circulation 5,423 - 35 + oOO Member bank reserve balances 2,011 + 69 345 - + 11 Unexpended capital funds,nonmember deposits,etc. 411 3 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Aor. 15,1932; not eprlier. B-jU^a RESOURCES A'T' LIABILITIES OF TI-3 TTSLVE r m m, RESERVE BjVVCS C0M';P'ED (In thousands of dollars) Apr. 13,1932 Apr. A,1932 Apr. 15,1931 3 S S 0 U 3 C B S Gold wit'i F-dcral reserve agents . . .. 2,192,997 2,151,947 1,760,114 Gold redemption fund with U.S. Treasury 41,830 43,201 32,529 S?l^eld inclusively against F.R.notes 2,234,327 2,225,148 1,792,543 G-old settlement fund with F.R. Board . . 317,055 318,494 523,304 Gold and gold certificates held by banks 466,4oo 488,560 825,911 5 o ^ i j ^ ^ J L e ^ r v es 3,018,312 3,032,202 3,141,858 Reserves other than gold 214,737 212,544 176,015 Total reserves 3,233,049 3,244,746 3,317,373 ]'Ton-reserve cash 78,994 74,062 76,17s Bills discounted: Sec. by U.S. Government obligations 316,088 319,796 40,336 Other bills discounted 312,514 315,47S 91,66s Total bills discounted . . . .. 622,602 635,274 132,004 Bills bought in open market 51,809 57,946 131,479 U. S. Government securities: Bonds . . 321,183 318,590 65,722 Treasury notes 85,445 84,395 52,229 Certificates and bills 578', 395 481,929 480,684 Total U.S. Government securities 985,024 8:5,014 593,635 Other securities 4,476 4,321 Total bills and s:curitie_s . . 1,669,911 1,582,555 862,113 Due from foreign banks 6,669 6,344 697 F. R. notes of other banks 14,107 14,810 15,981 Uncollected items 410,810 362,75s 593,488 -ank premises 57,854 57,<53 58,417 All other resources 37,960 36,602 16,963 TOTAL RESOURCES . . .. 5,509,354 5,380,030 4,946,715 L I A B I L I T I ES F. R. notes in actual circulation . . . 2,537,075 2,561,573 1,515,716 Deposits: Member bank - reserve account . . .. 2,010,899 1,942,26s 2,356,415 Government 52,494 28,137 18,859 Foreign bank 41,137 29,712 5,183 Other deposits 19,435 20,044 25,733 Total deposits 2,123,965 2,020,161 2,406,190 Deferred availability items . . . .. 4oi,809 353,21s 566,027 Capital paid in 155,458 155,558 168,73s Surplus . 259,421 259,421 274,636 All other liabilities' " 31,626 :0,099 , 15,408 TOTAL LIABILITIES 5,509,354 5,3:0,030 4.946,715 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 69.4^ 84.63 70.Sf, Contingent liability on bills purchased for foreign correspondents 325,684 335,312 424,14s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AHD LIABILITIES 0? TTIE FEDERAL RESERVE BAIL'S OF APRIL 13, 1932 R E S O U R C ES (in thousands of dollars) B-744b Total Boston Few York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Ivans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,152,997 164,627 503,217 195,300 220,970 75*120 97,275 555,^20 78,170 63,0^5 64,080 31,010 144,763 Gold redemption fund with U.S.Treasury 4-1,830 1,93% 3,737 6,019 5,3^1 1,5^6 2,013 4,190 1,98c 460 2,652 927 5_>j79„ Gold held exclusively against , E. R. notes 2,234,827 166,565 511,954 201,319 226,331 76,086 99,288 559,610 80,158 63,505 6b,7^2 31,937 150,742 Gold settlement fund with E.R.Board 317,085 15,485 142,967 17,100 21,346 3,572 7,5^7 51,962 8,139 9,612 8,969 7,510 22,870 G-old and gold certif, held "by banlcs 466,400 19,926 ^10,6l4 12,197 21,544 6,327 7,973 28,422 12,084 2,793 13,105 3,5^5 27,850 230,616 Total gold reserves 3,018,312 201,976 965,535 269,221 86,591 114,808 639,994 100,381 75,910 88,S0o 43,012 201,462 Reserves other than gold 21.4,737 21,484 56,982 28,785 17,445 12,762 6,031 25,187 10,517 ^,696 7,lHS 11,059 12,64l Total reserves 3,233,049 223,460 1,022,517 259,401 286,666 99,353 120,839 665,181 110,898 SC,6o6 95,95^ 5^,071 214,103 Don-reserve cash 78,994 7,428 22,834 3,886 3,963 4,001 5,081 13,150 3,691 2,145 2,239 4,027 6,549 Bills discounted: . . , c Sicured by U.S.Govt, obligations 316,083 1S,040 83,291 29,629 51,264 4,y4l 7,295 28,709 10,447 1,422 5,92b 1,44b 73,37° other bills discounted 312,514 14,748 38,836 45,021 47,165 22,905 29,017 19,859 6,555 8,164 27,197 10,569 42,428 36,312 33,125 12,015 116,304 Total bills discounted 628,602 32,788 122,177 7^,650 98,429 27,646 48,5,68 17,002 9,586 2,293 2,101 7,879 Bills bought in open market 51,809 2,418 13,875 3,^07 3,122 2,704 3,512 7,279 2,147 1,072 Ue S, Government securities: 7,695 16,989 17,844 Bonds 321,133 23,399 111,458 23,192 26,207 7,772 5,231 53,939 11,67% 15,733 2,686 1,973 5,869 Treasury notes 85,446 6,4-94 33,536 7,233 8,307 1,446 1,448 10,403 3,130 2,321 26,263 13,613 16,120 14,555 8,902 30,403 Certificates and tills 573,395 311,354-41,011 48,475 5,925 52,181 9,593 56,156 22,831 27,697 Total U.S.Govt. securities 935,024 456,393 71,436 83,489 12,o04 116,523 30,974 24,^36 27,^64 54,116 Other securities 4,476 - 2,Al6 1,482 - - - ~ % 7f I ~ ~ Total bills and securities 1,669,911 91,362 595,366 150,975 135,o4o 53,131 52,428 172,370 50,123 38,433 60,354 41,980 178,299 6,609 13 195 188 463 Due from foreign b anlcs 536 2,386 727 678 268 24c 946 21 1,086 33U 2,122 ?. H. notes of other banks 14,107 255 3,300 317 1,227 1,059 949 1,727 1,330 29I 4io,3io 45,666 121,000 36,691 40,039 3i,4o% n,393 45,480 16,370 6,575 19,737 13,672 22,279 Uncollected items 3,648 1,737 4,433 57,354 3,336 14,817 2,651 7,962 3,^09 2,489 7,827 3,%6l 1,334 Bank premises 1,126 1,251 805 All other resources 37,9^0 996 15,237 1,969 l, 706 5,116 3,704 3,195 l,4o- 1,339 TOTAL RESOURCES 5,509,354 373,039 1,797,457 456,617 527,231 197,995 197,131 909,936 187,910 131,286 184,339 117,310 429,053 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AKD LIABILITIES' OF' THE FEDERAL' RESERVE-'BA"KS" 0?T APRIL* 13, 1"932 L I A B I L I T I ES (In thousands of dollars) B-744C Total Boston Few York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San, Fran. F.R.notes in actual circulation 252,030 2,537,075 171,079 563,15^ 293,420 94,919 117,210 543,902 90,454 70,367 31,169 37,611 221,760 Deposi ts: Kenber "bank - reserve account 2,010,299 117,473 926,192 116,733 140,205 51,913 47,194 254,379 57,333 41,033 65,056 47,356 141,967 Government 52,494 2,842 27,127 2,960 3,700 1,291 1,532 172 3,090 1,509 1,537 2,665 4,OCA F O o th re er i g d n e b p a o n s k i ts 1 4 9 1 , , 4 1 - 3 35 7 3 3 4 , 297 1 11 0 , , 5 6 9 : 4 4,U 1 6 0 9 5 4 2 , ,2 3 6 52 3 1,7 1 3 6 5 3 1 3 , 2 6 3 0 4 5 90 5,SI4 1,5 7 1 0 9 9 9 2 5 6 5 2 1,2 1 5 2 2 0 1,21 36 5 4 2 , , 2 9 3 9 7 % Total deposits 2,123,965 123,646 975,961 124,272 150,550 55,107 50,654 261,355 63,206 43,764 70,971 51,272 153,207 Deferred availability items 401,309 45,792 114,240 34,945 35,607 30,110 11,347 45,014 18,339 6,346 19,157 14,730 23,179 Capital paid in 5,291 4,592 17,414 4,092 4,002 11,130 155,453 11,533 59,17&' 16,234 14,257 4,492 2,937 Surplus 259,421 20,039 10,025 7,624 17,707 75,077 26,436 27,640 11,453 10,449 33,411 6,356 5,124 31,626 950 9,547 2,647 2,307 1,055 2,579 3,340 1,394 1,516 520 2,071 2.070 TOTAL LIABILITIES 5,509,354 373,039 1,797,457 456,617 527,251 197,995 197,131 909,936 137,910 131,256 154,339 117,310 429,053 Reserve ratio (per cent) 65.9 66.2 72.0 52.6 72.2 70.6 60.3 69.4 75.3 66.4 64.6 63.1 57.1 Contingent liability on bills purchased for foreign correspondents 325,654 24,656 107,025 33,415 32,766 12,977 12,004 43,472 11,355 7,137 9,403 9,054 22,355 FEDERAL RESERVE FOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.agent 2,721,656 191,965 6i4,2l4 267,012 310,445 103,243 134,353 595,629 95,103 72,432 93,326 43,325 260,627 Held by Federal reserve bank 244,611 20,359 51,060 14,952 17,025 3,324 17,143 51,727 4,649 2,071 12,157 5,717 32,367 In actual circulation 2,537,075 171,079 563,154 252,030 293/420 94,919 117,210 543,902 90,454 70,367 31,169 37,611 221,760 Collateral held by agent as security for notes issued to bank Gold and gold certificates 563,267 47,010 393,217 73,400 67,970 12,520 14,275 123,420 15,770 13,145 9,250 12,260 31,000 Gold fund - F. R. Board 1,329,730 117,617 110,000 121,900 153,000 62,600 33,000 432,000 62,400 49,900 54,500 12,750 63,763 Eligible paper 642,702 32,543 125,145 74,300 95,237 25,657 37,636 51,346 17,167 9,524 33,215 12,591 121,541 Total collateral 197,470 625,362 270,100 319,207 606,766 72,569 43,601 266,304 2,335,699 103,777 134,911 95,337 97,295 MATURITY DISTRIBUTION OF BILLS AKD SHORT TERM SECURITIES 91 days to Total n thin 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 625,602 474,040 40,106 57,400 33,509 14,769 3,473 Bills bought in open market 51,309 15,155 7,633 14.590 13,753 255 Certificates and bills 578,395 7,005 23,325 36.591 74,300 224,919 162,255 Municioal warrants 4,476 4,216 20 142 93 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis