H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATmarr FOR THE PRESS Released for publication B-750 Friday morning, Apr. 22; Federal Reserve Board not earlier. April 21, 1932. COHDITIOF OF FEDERAL RESERVE BAJ1CS The daily average volume of Federal reserve "bank credit outstanding during the week ending April 20, as reported "by the Federal reserve "banks, was $1,713*000,000, an increase of $84,000,000 compared with the preceding week and of *f4o,000,000 compared with the corresponding week in 1931* On April 20 total reserve bank credit amounted to $1,700,000,000, an increase of $14,000,000 for the week. This increase corresponds with increases of $17,000,000 in unexpended capital funds, nonmember deposits, etc., and $2,000,000 in money in circulation, and decreases of $26,000,000 in Treasury currency, adjusted, and $3,000,000 in monetary gold stock, offset in part by a decrease of $32,000,000 in member bank reserve balances. Holdings of discounted bills declined $19,000,000 each at the Federal Reserve Banks of Cleveland and San Francisco, $14,000,000 at Few York,$7,000,000-at Chicago and $64,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $3,000,000, while holdings of United States bonds increased $25,000,000 and of Treasury certificates and bills ft68,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending April 20, 1932, wore as follows: Increase or decrease since Apr. 20 Apr. 13 Apr. 22 1932 1932 1931 (In millions of dollars) Bills discounted 565 64 + 430 Bills bought 49 3 103 - - United States securities 1,07S + 93 + 479 Other reserve "bank credit 9 12 17 - - TOTAL UESEK7E BAI-TK CREDIT 1,700 + 14 + 789 Monetary gold stock 4,377 3 336 - - Treasury currency adjusted 1,754 26 24 - - Money in circulation 5,425 + 2 + 813 Member bank reserve balances 1,979 32 4oi - - Unexpended capital funds,norm ember deposits,etc. 425 + 17 18 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Apr. 22,1932; not earlier, B-750a RESOURCES m) LIABILITIES OF THE TYJELvT, FEBJIPAL R^SSIiVE BA:7KS COMBDTED (in thousands of dollars) Apr. 13,1932 Apr. 22,191 R E S 0 U3 CBS Gold with Federal reserve agents . . .. 2,223,947 2,192,997 1,722,614 Gold redemption fund with U.S.Treasury . 41,070 41,330 32,529 Gold held exclusively against F.R.notes 2,265,017 2,234,827 1,215,143 Gold settlement fund with F. R. Board . 297,297 317,025 557,493 Gold and gold certificates held by banks 461,415 466,400 790,127 Total sold reserves 3,023,729 3,012,312 3,162,823 Reserves other than gold 212,969 214,737 123,527 Total reserves 3,236,69s 3,233,049 3,346,350 ITon-re serve cash . 7766,,881155 72,994 7722,,111133 Bills discounted: Sec. by U.S. Government obligations . 267,366 316,083 44,415 Other bills discounted 297,157 312,514 90,335 Total bills discounted . . . .. 564,523 62s,602 135,250 Bills bought in open market 44nn,,554477 51,209 115511,,661111 U. S. Government securities: Bonds 346,193 321,123 65,711 Treasury notes U5,446 "5,446 52,232 Certificates and bills 646,4s 6 572,395 480,526 Total U.S.Government securities 1,075,130 985,024 592,529 Other securities 4,501 4,476 - Total bills and securities . . 1,695,701 1,669,911 225,390 Due from foreign banks . 6,603 6,069 697 16,705 14,107 16,159 Uncollected items 388,762 410,810 523,411 Bank premises 57,255 57,"54 52,420 All other resources . . 34,Ala 37,960 1.6,741 TOTAL RESOURCES 5,512,537 5,509,354 4,919,286 L I A B I L I T I ES F. R. notes in actual circulation . . . 22,,554444,,776644 2,537,075 1,526,511 Deposits: Member bank - reserve account . . .. 1,970,642 2,010,899 2,379,725 Government 72,334 52,494 29,633 Foreign bank . . .. 47,317 41,137 5,495 Other deposits 27,07s 19,435 20,874 Total deposits 2,131,371 2,123,965 2,435,792 Deferred availability items 390,702 401,809 492,113 Capital mid in 155,375 1^5,453 168,690 Surolus 259,421 259,421 274,636 All other liabilities . 30,297 31,626 15,544 TOTAL LIABILITIES 5,509,354 4,919,286 5,512,537 Ratio of total reserves to deposit and F. R. note liabilities combined . . 69.2$ 69.4/0 34.5# Contingent liability on bills purchased for foreign correspondents 302,243 325,634 422,280 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AED LIABILITIES 0? TEE FEDERAL RESERVE BAMS OF APRIL 20, 1932 R E S O U R C ES (in thousands of dollars) B-75'Ob Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,223,947 164,627 513,217 196,300 229,970 74,120 92,^75 555,395 80,645 63,045 66,080 30,010 157,763 Gold redemption fund with U.S.Treasury 41,070 1,924 8,657 5.981 5,073 1.552 2,468 3,902 1.945 481 2.618 1.021 5.448 Gold held exclusively against F. R. notes 2,265,017 166,551 521,874 202,281 235,043 75,672 95,243 559,297 82,590 63,526 68,698 31,031 163,211 Gold settlement fund with F.R.Board .297,297 17,629 100,409 4,832 23,922 3,665 9,098 86,130 8,263 9,465 8,143 6,951 18,789 Gold and gold certif. held by tanks 451,415 19,290 310,494 12.500 17.778 6.4% 7.802 22.422 11.860 2.827 12.901 1.180 27.561 Total gold reserves 3,023,729 203,470 932,777 219,613 276,743 85,835 112,143 573,849 102,713 75,819 89,744 41,362 209,651 Reserves other than gold 212,969 21,003 56,485 28.773 18,329 12,830 5.813 24,585 10.287 4.480 5.768 10.996 12.620 Total reserves 3,236,698 224,473 989,262 248,386 295,072 98,665 117,956 698,434 113,000 80,299 96,512 52,358 222,281 ron-reserve cash 76,815 6,465 22,353 3,900 3,979 4,071 4,930 13,128 3,610 1,915 2,079 3,646 6,739 Bills discounted: Secured by U.S.Govt, obligations 267,366 17,355 72,291 25,671 36,128 4,532 11,219 23,210 8,997 1,513 4,851 3,732 57,840 Other bills discounted 297,157 l4,5'J7 35,518 44,186 42,687 22.589 28,910 18.955 6,216 S.4l6 25.287 10.199 19.197 Total bills discounted 554,523 31,922 107,809 69,859 78,815 27,121 40,129 42,195 15,213 9,954 30,138 14,131 97,237 Bills bought in open market 48,547 2,418 14,358 3,4-07 3,122 2,375 2,710 6,476 1,688 929 1,530 1,613 7,921 U. S. Government securities: Bonds 346,193 26,847 127,434 23,192 26,428 7,772 5,236 57,119 11,674 15,848 7,695 16,989 19,954 Treasury notes 85,446 6,494 33,586 7,233 8,307 1,446 1,448 10,4-03 3,180 2,121 2,606 1,973 5,869 Certificates and bills 646,43b 32,815 315.831 54.011 58.019 11.612 5.921 60.%%% 16.120 9.612 14.555 £»SQ2_jful02 Total U.S.Govt, securities 1,073,130 66,156 496,851 84,456 93,254 22,330 12,607 123,330 30,974 27,301 24,936 27,854 62,021 Other securities 4,501 - 2,941 1,432 - - - - - %3 - - - __ Total bills and securities 1,695,701 100,496 621,959 159,204 175,191 52,326 55,445 177,051 47,375 38,762 56,6o4 43,608 167,179 Due from foreign banks 6,083 533 2,391 728 679 269 249 943 21 13 195 133 464 F. R. notes of other banks 16,305 284 5,219 262 725 1,010 796 1,727 1,463 53O 1,481 259 2,549 Uncollected items 380,362 47,309 104,501 36,232 38,381 29,323 10,393 43,510 15,931 7,356 19,930 11,847 23,584 Bank premises 57,855 3,336 14,817 2,651 7,962 3,609 2,489 7,327 3,46l 1,834 3,549 1,787 4,433 All other resources 34,118 939 13,l4S 919 1.707 5.025 1.678 2.693 1.453 1.147 1.091 1.280 773 TOTAL RESOURCES 5,512,537 383,390 1,773,650 452,342 523,695 194,295 195,942 945,323 136,319 132,056 181,541 114,973 428,007 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES' AND LIABILITIES OF THE FEDERAL RESERVE BAMS OH APRIL 20, 1932 L I A B I L I T I ES (In thousands of dollars) B-750t Total Boston Few York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.E.notes in actual circulation 2, 544,70U 172,875 567,657 250,541 291,525 94,674 117,150 546,326 90,901 70,752 51,257 38,065 223,04l Deposits: Member tank - reserve account 1, 978,642 118,912 374,295 116,925 i4i,6io 50,950 46,300 278,760 53,261 4o,o6i 56,464 46,244 139,860 Government 78,334 3,391 49,156 2,069 2,060 456 2,412 8,093 2,102 2,084 1,132 2,082 3,297 Foreign bank *+7,317 3,408 17,095 4,618 4,523 1,794 1,659 6,008 1,569 986 1,300 1,255 3,094 Other deposits 27,078 29 17,552 127 2,329 323 150 496 854 276 100 128 4,714 Total deposits 2, 131,371 125,740 955,101 123,739 150,527 53,523 50,521 293,357 62,756 43,407 68,996 49,709 150,965 Deferred availability items 390,708 52,682 103,732 33,590 36,942 28,272 10,354 45,984 17,313 7,065 18,251 13,457 23,030 Capital paid in 155,376 11,533 59,177 16,234 14,257 5,238 4,884 17,412 4,486 2,937 4,096 3,992 11,130 Surplus 259,421 20,039 75,077 26,486 27,640 11,483 10,449 38,4II 10,025 6,356 3,124 7,624 17,707 All other liabilities 30,897 1,021 9,900 1,752 2,805 1,108 2,584 3,533 1,308 1,539 817 2,096 2,134 TOTAL LIABILITIES 5, 512,537 383,890 1,773,650 452,342 523,696 194,298 195,942 945,323 186,219 132,056 181,541 114,973 428,007 Reserve ratio (per cent) 69.2 75.2 64.8 66.4 66.8 66.6 70.3 83.2 73.5 70.3 64.2 59.7 Contingent liability on bills pur- 59.4 chased for foreign correspondents 308,843 23,682 98,825 32,095 31,472 12,464 11,529 41,754 10,906 6,855 9,036 8,725 21,500 FEDERAL RESERVE "T0TE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.agent 2,778,214 193,280 616,444 266,236 307,947 101,967 132,892 596,646 95,571 72,606 92,823 43,001 258,801 Held by Federal reserve bank 233,450 20,405 _48,787 15,395 16,422 7,293 15,742 50,320 4,670 1,854 11,566 4,936 35,760 In actual circulation 2,544,764 172,875 567,657 250,541 291,525 94,674 117,150 546,326 90,901 70,752 81,257 38,065 223,o4l Collateral held by agent as security for notes issued to bank Gold and gold certificates 912,217 47,010 438,217 73,400 71,970 12,520 14,275 123,395 15,745 13,145 9,280 12,260 81,000 Gold fund - F. R. Board 1,311,730 117,617 75,000 122,900 158,000 61,600 78,500 432,000 64,900 49,900 56,800 17,750 76,763 Eligible paper 575,362 31,977 111,316 70,033 78,510 JB8,055 40,706 44,189 14,939 9,691 29,358 14,375 102,183 Total collateral 2,799,309 196,604 624,533 266,333 308,480 102,175 133,481 599,584 95,584 72,736 95,468 44,385 259,946 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES To tal Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days 91 days to Over 6 months 6 months B B i i l l l l s s b d o is u c g o h u t n t in ed open market 5 4 6 8 4 , , 5 5 4 2 7 3 41 8 6 , , 3 4 3 7 6 1 3 8 8 , , 2 0 7 5 7 7 5 9 2 , , 2 2 7 6 2 9 3 2 8 2 , , 6 3 1 75 7 15,4 2 8 8 6 7 3,623 M Ce u r n t ic if ip ic a a l t w e a s r a r n a d n t b s ills 64 4 6 , , 5 4 0 8 1 5 3 3 , , 8 2 0 4 0 l 4 1 5 , , 0 4 0 36 0 122,53 5 0 2 110,5 1 5 1 0 0 250,79 9 8 8 113,372 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis