H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMEFT FOB THE PRESS Released, for publication B-794 Friday morning, June 3". Federal Reserve Board not earlier. June 2, 1932. CONDITIO?1 OF FEDERAL RESERVE BAMS The daily average volume of Federal reserve bank credit outstanding during the week ending June 1 as reported by the Federal reserve banks was $2,081,000,000, an increase of $76,000,000 compared with the preceding week and of .151,157,000,000 compared with the corresponding week in 1931. On June 1 total reserve bank credit amounted to $2,122,000,000, an increase of $7^,000,000 for the week. This increase corresponds with increases of $57»000,000 in money in circulation and $3^,000,000 in unexpended capital funds, nonmember deposits, etc., and a decrease of $101,000,000 in monetary gold stock, offset in part by a decrease of $29,000,000 in member bank reserve balances and an increase of $27,000,000 in Treasury currency, adjusted. Holdings of discounted bills increased ^12,000,000 at the Federal Reserve Bank of San Francisco, $5,000,000 at Few York and ^2^,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 $22,000,000, of Treasury notes $5,000,000, and of Treasury certificates and bills #23,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending June 1, 1932, were as follows: Increase or decrease since June 1 May 25 June 3 1932 1932 1931 (in millions of dollars) Bills discounted 495 + 24 + 322 Bills bought 35 - 3 - 99 U« S, Government securities 1,575 + 50 + 977 Other reserve bank credit 17 + 4 - 16 TOTAL RESERVE BANK CREDIT 2,122 + 74 +1,134 Monetary gold stock 4,106 - 101 - 687 Treasur y currency adjusted 1,017 + 27 + 69 Money i:n circulation 5,467 + 57 +794 Member 'bank reserve balances 2,125 - 83 - 264 Unexpen.ded capital funds,nonmember deposits,etc H54 + 34 + 37 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 3,1932; not earlier. 3-794a RESOURCES Am LIABILITIES OF TH3 1TO73 FEDERAL R3S33V3 BAITS C0MBIH3D (In thousands of dollars) June 1,1932 May 25,1932 June 3,1931 R E S O U R C ES Gold with Federal reserve agents . . .. 2,038,319 2,113,407 1,772,164 Gold redemption fund with U.S. Treasury 41,729 40,362 32,614 Gold held exclusively against F.R.notes 2,080,043 2,153,775 1,210,772 Gold settlement fund with F. R. Board 300,34s 362,593 525,115 Gold and gold certificates held by banks 370,671 340,713 263,217 Total gold reserves 2,751,067 2,257,021 3,259,110 Reserves other than gold 201,577 207,131 167,942 Total reserves . 2,952,644 3,064,212 3,427,052 6699,,001122 76,136 67,930 Bills discounted: Sec. by U.S. Government obligations . 204,770 190,162 67,140 Other bills discounted 289,231 231,099 105,626 Total bills discounted . . . 494,601 471,267 172,226 Bills bought in open market . . . . .. 3355,,447799 38,373 134,155 U. S. Government securities: Bonds 396,794 374,784 73,715 Treasury notes . . 171,622 166,372 52,222 Certificates and bills 1,006,724 934,o4o 472,405 Total U.S.Government securities . 1,525,196 1,575,200 598,342 Other securities 5,144 5,220 1,627 Total bills and securities . . 2,110,424 2,040,056 907,016 Due from foreign banks 3,643 4,644 692 F. R. notes of other banks 12,102 14,624 15,121 Uncollected items 403,247 337,924 547,349 Bank premises 55,024 52,024 58,525 All other resources 40,903 39,541 20,917 TOTAL RESOURCES 5,650,059 5,635,221 5,044,674 L I A B I L I T I ES F. R. notes in actual circulation . . . 22,,556644,,339999 2,532,714 1,5:3,574 Deposits: Member bank - reserve account . . . . 2,124,625 2,21.4,324 2,322,535 12,925 36,366 52,422 74,035 40,706 6,542 Other deposits . . . . . . . . .. 31,376 29,319 30,379 Total deposits . . . . . . .. 2,243,021 2,320,775 2,423,932 Deferred availability items 394,972 334,421 517,116 Capital paid in 154,201 154,749 162,419 Surplus 259,421 259,421 274,636 Other deposits 33,325 33,021 16,991 TOTAL LIABILITIES 5,650,059 5,635,221 5,044,674 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 6l.4$ 63.1/0 24.3fo Contingent liability on bills purchased for foreign correspondents 179,564 216,402 375,331 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AFD LIABILITIES 0? THE FEDERAL RESERVE BAMS ON JUME 1, 1932 R E S O U R C ES (In thousands of dollars) B-79^b Total Boston Hew York Phila. Clave. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,038,319 172,12? 483,254 166,880 194,970 47,750 63,500 561,495 64,200 42,715 53,080 22,585 165,763 Gold redemption fund with U.S.Treasury 41,729 1,599 10,151 4,934 5,472 2,489 3,451 2,818 1,697 1,756 2,234 1,050 4,084 Gold held exclusively against F. R. notes 2,030,o4s 173,726 493,405 171,814 200,442 50,239 66,951 564,313 65,897 44,465 55,314 23,635 169,847 Gold settlement fund with F.R.Board 300,348 18,607 96,701 6,444 26,826 6,640 8,783 79,126 5,425 15,843 12,176 4,494 19,283 Gold and gold certif. held by banks 370,671 l6,4lg 224,017 10,665 17,34? 6,281 7,944 27,277 10,813 2,853 10,746 4,198 31,612 Total gold reserves 2,751,067 203,751 814,123 188,923 245,115 63,160 83,678 670,716 82,135 63,161 73,236 32,327 220,742 Reserves other than gold 201,577 20,370 51,022 28,535 17.930 12,208 5,548 23,591 10,432 3,513 7,ll4 10.949 10,354 Total reserves 2,952,644 229,121 865,151 217,458 263,045 75,36s 89,226 694,307 92,567 66,679 35,350 43,276 231,096 ^on-reserve cash 69,012 5,278 18,546 3,170 3,512 3,436 4,662 12,506 3,739 2,250 2,059 3,64s 6,206 Bills discounted.: Secured by U.S.Govt, obligations 204,770 13,624 66,785 21,6o4 22,750 5,309 6,934 12,702 10,570 1,746 4,766 l,S93 36,037 Other bills discounted 289,831 16,580 38,316 42,626 27,462 19,340 27,061 17,62s 5,351 9,310 20,819 10,732 53,606 Total bills discounted 494,601 30,204 105,101 64,230 50,212 25,149 34,045 30,330 16,421 11,056 25,535 12,625 39,643 Bills bought in open market 35,479 2,345 11,136 3,183 3,104 2,165 1,374 4,234 1,005 632 S91 935 4,425 U. S. Government securities: Bonds 396,794 20,491 177,293 27,443 31,672 9,714 9,261 56,755 9,306 15,341 9,592 15,070 14,356 Treasury notes 171,622 11,462 70,431 '13,871 18,276 5,607 5,262 20,233 5,031 4,764 5,320 2,926 8,284 Certificates and bills 1,006,734 64,777 433,138 73,701 103,698 31,312 29,341 115,110 28,828 27,029 30,195 16,600 47,002 Total U.S. Govt, securities 1,575,200 96,730 680,962 120,015 153,646 ,47,133 44,364 192,153 43,215 47,634 45,110 34,596 69,642 Other securities 5,144 3,458 1,655 - - - - 31 Total bills and securities 2,110,424 129,279 800,657 189,083 206,962 74,447 79,733 22b,717 bO,64l 59,353 71,536 48,206 163,710 Due from foreign banks 3,643 295 1,271 400 374 l43 137 52O 20 12 107 104 ' 255 F. S. notes of other banks 12,102 369 3,547 375 715 357 678 1,553 1,265 553 704 262 1,211 Uncollected items 403,24? 51,301 130,101 31,706 36,397 29,061 8,43b 45,665 14,075 7,204 19,102 12,373 17,986 Bank premises 58,034 3,336 14,817 2,873 7,966 3,ol2 2,489 7,827 3,46l 1,334 3,649 1,737 4,433 All other resources 40,903 1,738 21,569 826 1,642 4,032 3,697 1,420 1,328 1,399 1,244 1,290 718 TOTAL RESOURCES 5,650,059 421,217 1,355,659 445,394 520,613 190,961 189,103 939,860 177,096 139,289 183,801 110,946 425,615 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES A2TD' LIABILITIES 0? THE FEDERAL RESERVE BANKS 017 JUKE 1, 1932 L I A B I L I T I ES (In thousands of dollars) B-794c Total Boston Hevr York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fr&n, "if.R.rotes in actual circulation 2,564,399 194,009 570,716 247,294 290,693 89,371 Ii4,s44 552,947 90,644 73,356 so,sis 35,279 224,428 Deposits: Member tank - reserve account 2,124,685 137,197 961,147 115,283 133,112 51,815 44,60s 323,022 51,166 46,089 69,591 45,35s 141,297 Government 12,955 176 9,602 13s 74 344 501 346 431 145 244 407 577 Foreign "bank 74,035 5,654 23,889 7,563 7,514 2,976 2,753 9,970 2,6o4 1,637 2,153 2,083 5,134 Other deposits 31,376 96 19,638 157 3,105 215 426 46l 839 296 75 1.483 4.535 Total de-posits 72,068 49,331 151,543 Deferred availiability items 394,972 51,^11 125/456 30,545 36,190 28,3/5 8 ,,031 43,262 15,495 6,899 17,861 12,700 18,747 Canital paid in 154,801 11,526 59,130 16,231 14,267 5,214 4,876 17,310 4,^79 2,926 4,087 3,962 10,793 Surplus 253,421 "0>. ,039 75,077 26,486 27,640 11,433 10,449 38,411 10,025 6,356 8,124 7,624 17,707 All other liabilities 33,325 1.10Q 10,954 2,097 3,018 1,168 2,620 4,131 1,413 1,525 843 2,050 2,397 TOTAL LIABILITIES 5,650,059 421,217 1,855,659 445,894 520-613 190,961 189,108 989,860 177,096 139,289 183,801 110,946 425,615 Reserve ratio (per cent) 61.4 68 ..0 54.6 58.7 59.9 52.1 54.7 78.3 63.5 54.9 55.S 51.1 61.5 Contingent liability on bills purchased for foreign correspondents 179,564 13,891 56,377 18,825 IS,46o 7,311 6,762 24,491 6,397 4,021 5,300 5,11s 12,611 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F,R.agent2,765,24l 209,193 633,156 259,73s 302,303 95,633 131,730 583,77S 93,753 75,915 88,048 4o,ol4 251,980 Held by Federal reserve bank 200,842 15,184 62,440 12,444 11,610 6,262 16,886 30,831 3,109 2,559 7,230 4,735 27,552 In actual circulation 2,564,399 194,009 570,716 247,294 290,693 89,371 114,844 552,947 90,644 73,356 80,818 35,279 224,428 Collateral held by agent as security for notes issued to bank Gold end gold certificates 797,624 47,010 328,254 74,520 71,970 13,220 13,500 122,495 15,900 13,015 10,280 13,460 74,000 Gold fund - F. R. Board 1,240,695 125,117 155,000 92,360 123,000 34,530 50,000 439,000 48,300 29,700 42,800 9,125 91,763 Eligible paper 488,992 29,800 104,749 63,940 50,058 26,oi4 33,679 30,149 15,631 10,525 25,328 12,391 86,728 U.S. Gov't, securities 263,300 9,300 50,000 30,000 60,000 22,000 35,000 - 14,000 23,000 i4,000 6,000 Total collateral 2,790,611 211,227 638,003 260,820 305,028 95,764 132,179 591,644 93,831 76,24o 92,4os 40,976252,491 MATURITY DISTRIBUTION OF 31IIS AND 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 494,601 355,698 35,449 46,420 34,265 21,856 913 Bills 0ought in open market .35,479 7,506 7,447 8,019 12,493 14 M Ce u r n t i i c f i i p c a a l w te a s r a r n a d n t b s ills 1,006,784 39,550 36,5*50 158,625 204,649 324,254 243,156 Digitized for FRASER 5,144 4,580 463 35 31 35 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis