H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATSI'SHI1 SOB THE PRESS Released for publication 3-763 Friday morning, Jay 6; Federal Reserve Board not earlier. May 5, 1932. CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal reserve "bank credit outstanding during the week ending May 4, as reported "by the Federal reserve banks, was ^ 0 0 0, an increase of $83, COO, 000 compared with the preceding week and of $870,000,000 compared with the corresponding week in 1931. On May 4, total reserve "bank credit amounted to $1,859,000,000, an increase of $74,000,000 for the week. Tnis increase corresponds with increases of $50,000,000 in money in circulation, $33,000,000 in member bank reserve balances and $4,000 ^OQO in unexpended capital funds, noma ember deposits, etc,, and a decrease of $23,000,000 in monetary -old stock, offset in part by an increase of $35,000,000 in Treasury currency, adjusted. Holdings 01 discounted bills declined. $7,000,000 at the Federal Reserve Ban... oj. Cleveland, $6,000,000 at Philadelphia, 64,000,000 at Atlanta and $26,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $1,000,000, whila holdings of United States Treasury notes increased $16,000,000 and of Treasury certificates and bills $80,000,000. Changes in the amount of reserve ban]: credit outstanding and in related items during the week and the year ending May 4, 1932, were as follows: Increase or decrease since May 4 Apr . 27 May 6 1932 1932 1931 (In millions of dollars) Bills discounted 506 26 + 356 Bills bought 45 - 1 - 149 United States securities 1,287 + 96 + 689 Other reserve bank credit 22 + 5 2 TOTAL RESERVE 3AEK CREDIT 1,859 + 74 + 892 Monetary gold stock 4,345 - 23 - 398 Treasury currency adjusted 1,818 4- 35 + 35 Money in circulation 5,448 + 50 + 785 Member bank reserve balances 2,147 + 33 — 271 Unexpended capital funds,nonmember deposits, etc, 428 + 4 + 16 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday mornirig, May 6,1932; not earlier. B-7$3a RESOURCES A'T LIABILITIES OP TEE T^LVE FEDERAL RESERVE BAIL'S COMBINED (In thousands of dollars) May 4,1932 Apr. 27.1932 May 6, 1931 R E S O U R C ES Gold with Federal reserve agents . . .. 2,269,181 2,269,856 1,774,714 Gold rodenotion fund with U.S.Treasury . 35.510 36,100 32,624 Gold held exclusively against F.R.notes 2,304,691 2,305,956 1,207,333 Gold settlement fund with F. R. Board 321,625 313,87s 578,498 Gold and gold certificates held "by "banks 366,045 394,700 786,441 Total gold reserves 2,992,421 3,014,534 3.172,277 Reserves other than gold 210,825 218,502 172,704 Total reserves . . . .. 3.203,246 3,233,036 3.344,931 Fon-reserve cash . , 72,354 80,448 68,033 Bills discounted: Sec. "by U.S. Government obligations . 220,079 239,458 58,297 Other bills discounted -285,722 292,366 91.905 Total bills discounted . . . 505,801 531.1 150,202 Bills bought in open market 44,522 45,874 193.869 U. S. Government securities: Bonds . . . . . . . . . . . .. 346,149 346,399 59,080 Treasury notes 111,222 95,447 52,227 Certificates ar.d bills . . .. 829,510 749,386 487,044 Total U.S.Government securities 1,28:6,881 1,191,232 598,351 Other securities 4,929 4,815 1,100 Total bills and securitic 1,842,133 1,773.745 943,522 Due from foreign banks . , 5,692 697 5.695 F. R. notes of other banks l4,392yj' 14,914 IS,202 Uncollected itens 370,sKO 347.315 491,987 Bank premises . . 58,083 57.855 58,424 All other resources . . . , 37,172 35.100 18,351 TOTAL RESOURCES 5,603,9IS 5.548,108 4,941,197 JU L I A B I L I T I ES F. R. notes in actual circulation . . . 2,561,646 2,526,572 1,540,783 Deposits: Member bank - reserve account . . .. 2,147,148 2,114,423 2,417,734 Government , 12,837 49,155 24,716 Foreign bank 49,598 45,063 5.575 Other deposits 32,054 21,024 23.515 Total deposits . . 2,237,102 2,234,200 2,471,540 Deferred availability items 359,198 341,318 469,62s Capital paid in 154,892 155.240 168,590 Surplus 259,421 255,421 274,636 All other liabilities . . . 31.6*9 /. 31,357 16,020 TOTAL LIABILITIES 5,603,9^8 5,542,108 4,941,197 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 66.8$ 67.93 83.43 Contingent liability or. bills purchased for foreign correspondents 278,042 297,735 402,752 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AIT LIABILITIES 0? THE FEDERAL RESERVE BATES ON MAT 4, 1932 R E S O U R C ES (In thousands of dollars) Total Boston Few York Phi la.. Cleve. Rich. Atlanta Chicago St.Louis Minn. "ans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,269,181 177,527 51%,726 19%,500 240,970 7%,870 102,775 5%7>395 80,320 63,895 o6,020 J>0,^SQ 175,7°3 Gold redemption fund with U.S.Treasury 35,510 1,851 8,099 3,825 3,899 1,%%8 2,157 3,%19 1,90% %92 2,4-35 1,649 %,932 Gold held exclusively against F. R. notes 2,304,691 179,47s 522,825 193,325 244,869 76,31s 104,932 550,814 82,224 64,327 68,515 31,309 180,695 Gold settlement fund with F.R. Board 321,685 15,956 114,546 3,398 15,517 7,-309 8,375 85,3%6 11,167 9,763 9,785 7,344 33,179 Gold and gold certif. held by banks 366„C45 16,923 224,502 12,961 17,725 6,715 7,644 27,621 11,326 2,955 13,070 5,530 19,013 Total gold reserves 2,992,421 212,357 861,873 214,684 278,111 90,342 120,951 663,731 104,777 77,105 91,370 44,183 232,887 Reserves other than gold 210,825 21,177 55,950 29,643 18,840 13,139 5,272 23,489 9,873 3,722 6,603 11,15% 11,363 Total reserves 3,203,246 233,534 917,223 244,327 296,951 103,481 12b,823 687,270 114,650 80,827 97,973 55,337 244,250 Fon-reserve cash 72,35% 5,625 20,977 3,673 3,643 3,669 %,755 12,812 3,35% 2,090 2,128 3,587 5,921 Bills discounted: Socured by U.S.Govt, obligations 220,079 16,536 66,6s6 19,657 28,350 4,678 8,221 20 ,129 2,352 1,761 5,373 1,493 38,777 Other bills discounted 285,722 15,096 37,5%6 42,117 34,849 19,064 21,679 18,23% 5,720 3,693 24,364 9,659 42,641 Total bills discounted 505,201 31,632 104,232 61,774 63,199 23,7%2 29,9b0 35,363 14,138 10,454 29,737 11,152 87,418 Bills bought In open market 44,522 2,3%9 14,432 3,337 3,104 2,179 2,172 5,062 1,519 331 1,468 1,434 6,579 U. S. Government securities: Bonds 346,149 1%,717 176,955 23,604 23,11s 4,893 2,818 50,266 7,027 11,830 5,396 13,327 11,648 Treasury notes 111,222 6,295 55.3%3 9,009 10,312 2,121 1,193 12,722 2,912 1,912 2,37% 1,707 5,196 Certificates and bills 229,510 %5,l%3 426,162 65,079 74,490 15,757 8,613 92,373 21,035 13,316 17,166 12,330 37,5%0 Total U.S. Govt, securities 1,286,281 66,155 653/466 97,692 107,920 22,831 12,624 155,427 30,974 27,602 24,936 27,864 5%,32% Other securities 4,929 3,176 1,675 - 72 Total bills and securities 1,842,133 100,136 780,312 164,528 174,223 48,752 44,756 195,852 46,631 38,971 5°»1%1 40,450 148,381 Due from foreign banks 5,692 ^ 455 2,057 6lb 575 228 211 802 19 12 1°5 159 393 F. R. notes of other banks 14,392^^ 3^2 4,336 3"1 910 1,126/^ 737 1,53" 1,656 266 1,020 33° 1,724 Uncollected items 370,8^6 45,315 108,734 32,955 33,900 28,2f3 9,074 44,089 14,625 6,492 18,776 11,704 ID,850 3,336 Bank premises 52,083 14,817 2,873 7,9&5 3,612 2,489 7,827 3,46l 1,23% 3,649 1,787 4,433 1,633 3,655 All other resources 37,178 16,731 894 1,682 4,986 1,664 1,433 1,342 1,082 1,281 7^9 TOTAL RESOURCES' 5,603,9^8 390,459 1,865,837 450,247 519,849 194,1^7 192,500 954,854 185,829 131,840 180,934 ll4,64l 422,801 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES ATD LIABILITIES OF THE FEDERAL RECEIVE 3AKCS OF MAY 4, 1932 L I A B I L I T I ES (In thousands of dollars) B-7&3C Total Boston Few York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San Fran. F.3.notes in actual circulation 2,561,646 l36,g4o 574,533 250^929 291,337 93,520 116,117 545,804 90,743 72,114 81,144 36,173 222,292 Deposits: Member batik - reserve account 2,147,148 121,012 1,006,781 119,118 143,493 52,838 46,403 300,066 59,892 40,384 67,271 47,611 142,273 Government 12,837 1,042 3,000 362 125 1,120 1,024 740 1,057 633 678 4n 2,645 Foreign "bank 45,063 3,557 13,520 4,820 4,727 1,872 1,732 6,271 1,638 1,030 1,357 1,310 3,229 Other deposits 32,054 54 19,718 373 2,337 98 158 643 854 lJ07 106 2,592 4,714 Total deposits 2,237,102 125,671 1,043,019 124,673 150,682 55,928 49,317 307,720 63,441 42,454 69,412 51,924 152,861 Deferred availability items 359,198 45,277 103,855 30,030 33,09s 26,354 9,115 41,684 1^,813 16,869 6,390 17,323 12,890 Can it 9.1 paid in 154,892 11,533 59,157 16,231 14,218 5,232 4,824 17,335 4,483 2,934 4,093 3,976 10,816 Surplus 259,-421%, 20,039 75,077 26,486 27,640 11,48^)10,449 38,411 10,025 6,356 8,124 7,624 17,707 All other liabilities 31,659 999 10,196 1.898 2.874 l.llQ 2.618 3.900 1.124 1.592 838 2.054 2.256 TOTAL LIABILITIES 5,603,918 390,459 1,865,837 450,247 519,849 194,137 192,500 954,554 185,829 131,840 120,934 ll4,64l 422,801 Reserve ratio (per cent) 66„8^ 74.7 56.7 65.0 67.2 69.2 s 76.7 80,5 74,4 70.5 65.1 62.8 65.1 Contingent liability on bills purchased for foreign correspondents 278,042 21,501 87,359 29,140 28,574 11,317 10,468 9,902 6,224 8,204 7,922 19,521 37,910 FEDERAL RESERVE HOTE STATEL'EFT Federal reserve notes: Issued to F.R.bank by F.R.agent 2,735,601 204,962 605,030 256,422 303,55s 98,988 132,110 575,468 93,975 73,515 92,407 4i,0S3 258,033 Held by Federal reserve bank 173,955 18,022 30,547 5,493 12,221 5,468 15,993 29,664 3,232 l,4oi 11,263 4,910 35.74l In actual circulation 2,561,646 186,940 574,533 250,929 291,337 93,520 116,117 5^5,S04 90,743 72,114 81,144 36,173 222,292 Collateral held by agent as security for notes issued to bank Gold and gold certificates 966,651 47,010 484,726 73,400 71,970 12,470 14,275 123,395 15,720 13,145 9,280 12,260 89,000 Gold fund - F. R. Board 1,302,530 130,617 30,000 121,100 169,000 62,400 88,500 424,000 64,600 50,750 56,800 18,000 86,763 Eligible paper 510,044 31.132 107,371 61,983 63.053 24,6o4 30.295 38.992 13.687 10.137 29.072 11.401 38.115 Total collateral 2,779,225 208,759 622,097 256,433 304,023 99,474 133,070 586,337 94,007 74,032 95,152 41,663 264,078 MATURITY DISTRIBUTION OF BILLS ATT) SHORT TERM SECURITIES 91 days to Total Wi thin 15 days l6 to 30 days 31 to 60 days 6l to SO days Over 6 months 6 months Bills discounted 505,801 366,450 33,571 51,976 30,923 17,624 5,257 Bills bought in open market 44,522 11,160 6,523 9,584 16,92s 267 Certificates and bills 829,510 50,966 80,980 95,784 213,025 228,092 160,663 Municipal warrants 4,929 4,613 111 107 98 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis