H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STAT?!''EFT F02 TH3 P1T3S Heleas3d for publication 3-SOI Friday morning, June 10; vodernl 1-3serve Board not earlier. June 9, 1932. C0"TDITI0r OF FEDERAL 33SE1VS BAJ-TS Tne daily average volume of Federal reserve bank credit outstanding during the week ending June 8, as reported by the Federal reserve banks, was $2,167,000,000 an increase of $86,000,000 compared with the preceding week and of ol,233,030,000, compared with the corresponding week in 1931. On June 2 total reserve bank credit amounted to $2,198,000,000, an increase of $75,000,000 for the week. This increase corresponds with decreases of 6127,000,000 in monetary gold stock and $21,000,000 in Treasury currency, adjusted, offset in part by decreases of $15,000,000 in money in circulation, $13,000,000 in member bank reserve balances, and. $45,000,000 in unexpended capital funds, nonmember deposits, etc. Holdings of discounted bills decreased $5,000,000 at the Federal Reserve Bank of Few York, and increased $6,000,000 at Cleveland, $4,000,000 each at Atlanta and Chicago and $7,000,0JO at all Federal reserve banks. The System's holdings of bills bought in open market increased $1,000,000, while holdings of United States bonds increased $34,000,000, of Treasury certificates and bills $33,000,000 and of Treasury notes $3>000,000. Changes in the amount of reserve bank credit outstanding and in related items during the wed: and the year ending June g, 1932, were as follows: Increase or decrease since Jun e 5 June 1 June 10 1032 1932 1931 (In millions of dollars) Bills discounted 502 + 7 + 317 + 1 Bills bought '36 - 91 U. S, Government securities 1,645 + 70 +1 , 0'' b Other reserve bank credit 16 - l 2 TOTAL 0353373 BAFK CREDIT 2,19s + 76 +1,269 Monetary gold stock 3,979 -127 - ;':'4 Treasury currency adjusted 1,7,5 - Pi 3 Money in circulation 5,452 - is + 7f9 Member bank reserve balances 2,112 - 13 - 28 6 Unexpended capital funds,no;imember deposits, etc. 409 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Heleased for publication Friday morning, June 10,193?; not earlier. 3-S01a RESOURCES A'D LIABILITIES OF THE TT3LYE FEDERAL RESERVE BA^CS COmi^ED (in thousands of dollars) J\mQ 3,1932 Jtme 1,1932 June 10,1931 R E S O U R C ES C-old with Federal reserve agents 1,943,700 2,038,319 1,883,674 Gold redemption fund with U.S. Treasury . 46,928 41,729 33,114 Gold held exclusively against F.R.notes 1,990,628 2,080,048 1,916,788 Gold settlement fund with F. R. Board . . 310,724 300,348 492,820 Gold and gold certificates held by banks . 325,609 370,671 867,395 Total gold reserves 2,626,961 2,751,067 3,277,003 Reserves other than gold 203,339 201,577 167,599 Total reserves 2,830,300 2,952,644 3,444,602 Fon-reserve cash 7722,,339977 69,012 7744,,667733 Bills discounted: Sec. by U. S. Government obligations . . 210,518 204,770 77,098 Other bills discounted 291,393 289,831 107,657 Total bills discounted . . . 501,911 494,601 184,755 Bills bought in open market 35,717 35,479 127,217 U. S. Government securities: Bonds 429,990 396,794 77,118 Treasury notes , . 174,619 171,622 52,227 Certificates and bills 1,039,958 1,006,784 469,679 Total U.S.Government securities . 1,644,567 1,575,200 599,024 Other securities 5,773 5,144 1,687 Total bills and securities . . 2,187,973 2,110,424 912,683 Due from foreign banks 3,642 3,643 698 F. R. notes of other banks . . . . . . .. 13,623 12,102 15,309 Uncollected items 337,720 403,247 468,173 Bank premises 58,083 58,084 58,bis All other resources 4?, <108 40,903 21,045 TOTAL RESOURCES 5,546,646 5,650,059 4,995,801 L I A B I L I T I ES F. R. notes in actual circulation 2,557,119 2,564,399 11,,664411,,994499 Deposits: Member bank - reserve account 2,111,673 2,124,685 2,397,856 36,596 12,985 14,313 Foreign bank 41,696 74,035 6,693 20,237 31,376 21,149 Total deposits 2,210,202 2,243,081 2,440,011 Deferred availability items 394,972 453,037 330,996 Capital paid in 154,779 1*54,801 168,370 Surplus ?59,421 259,421 274,636 All other liabilities 3.3,385 17,79s TOTAL LIABILITIES . . .. 5,546,646 5,650,059 4,995,801 Ratio of total reserves to deposit and F. R. note liabilities combined . . .. 59.4£ Si.Ufa 84.4$ Contingent liability on bills purchased for foreign correspondents 150,342 179,564 370,185 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AH) LIABILITIES OF T"E FEDERAL RESERVE BMTES OF JUKE 8, 193? R E S O U R C ES (In thousands of dollars) B-SOlb Total Boston Fevz York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 1.5^3,700 175.027 465,260 159,100 121,970 56,300 59,000 550,695 56,730 40,490 49,020 21,025 127,763 Gold redemption fund with U.S.Treasury 46,922 1,511 n,44o 5,223 6,254 2,223 3,932 2,412 2,062 1,709 2,126 1,129 6,721 Gold held exclusively gainst P. R. notes 1,990,622 177,132 477,300 164,323 122,224 52,523 62,932 553,107 52,798 42,199 51,26 22,214 134,544 Gold settlement fund with P.?..Board 310,724 10,7^•1, 7 102,209 2,066 22,022 9,135 5,692 93,462 5,652 11,251 14,492 2,277 19,029 Sojlc. an; geld certif. hel a. oy oan.:s 325,609 16,6 n 1 r- 10,312 17,260 6,312 2,016 29,091 10,642 '>• 3 10-21-7 •iva, c. - Total ^old reserves 2, 626, 961 204,565 767,35^ 122,701 222,112 7^,036 76,646 675,666 75,104 56,745 76,521 29,319 120,132 Reserves other than gold 203, 339 20,462 52,996 29,433 17,905 11,601 5,522 24,011 10,314 3,230 6,632 10,3'47 10,208 Total reserves 2 ,230, 300 225,033 220,350 212,134 246,017 25,637 22,23-4 699,677 85,418 60,575 23,219 39,666 190,340 !Ton-reserve cash 7?-,3 97 5,262 20,047 3,124 3,524 3,646 5,162 12,768 3,919 2,104 2,270 3,211 6,100 Bill? discounted: Secured by U.S.Govt, obligations 210, 512 13,213 63,291 21,294 23,221 4,301 9,412 15,333 7,221 1,666 4,291 2,620 42,729 Other bills discounted 291, 393 16,321 37,173 42,266 31,253 20,923 22,131 18,64o 5,625 2,727 21,656 12,419 47,539 Total bills discounted 501, 911 23,534 100,464 64,160 55,674 25,224 37,-4, 33,973 13,506 10,453 25,347 15,099 90,268 Bills "bought in open market 35, 717 2,3-5 11,323 3,123 3,104 2,329 1,299 4,234 1,005 632 391 924 4,322 U. S. Government securities: Bonds 429, 990 21,739 121,524 30,139 35,270 10,332 10,535 60,915 12,912 16,232 10,962 15,329 23,369 Treasury notes 174, 619 11,112 66,955 14,076 12,569 5,432 5,422 20,701 6,535 4,262 5,737 2,232 12,305 Certificates and bills 1, 039, 952 63,272 4IQ,062 21,127 107,105 31,363 31,703 119,399 37,693 22,132 33,105 16,369 70,962 Total U.S. Govt, socurities 1, 644, 567 96,729 66?,604 125,402 160,944 47,133 47,720 201,015 57,140 49,332 49,210 34,596 106,642 Other securities 5, 772 4,123 1,655 - - - - - - - — - - Total bills and securities 2,127,973 122, 602 723,514 194,400 219,722 74,206 26,562 239,222 71,651 60,917 76, 642 50, 619 201,292 Due from foreign "banks 3,642 295 1,270 400 374 142 137 520 20 12 107 io4 255 F. R. notes of other banks 13,623 232 ^,523 391 1,074 921 1,021 1,264 262 732 913 220 1,392 Uncollected itens 337,720 32, 675 90,650 29,923 32,223 22,291 9,403 35,643 14,221 6,390 17, 218 12, 149 12,674 Bank premises 52,023 3 ,336 14,217 2,273 7,365 3,612 2,429 7,227 3,461 1,234 3, 649 1, 787 4,433 All other resources 42,902 l ,902 23,304 24o 1,626 3,933 3,653 1,455 1,292 1,395 1, 210 1, 223 1,003 TOTAL RESOURCES 5,5u6,646 403,955 1,752,475 444,145 512,525 201,054 190,6673,0c!,376 121,450 133,965 125,234 109,639 423,501 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AHD LIABILITIES OF THE FEDERAL RESERVE BALES' OF JOBS' 8, 193-2 L I A B I L I TI (In thousands of dollars) B-SOlc Total Boston Mew York Phila. Cleve. Rich. Atlanta Chicago .Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 2,557,119 196,151 561,130 245,124 239,057 89,222 114,457 555,95 90,096 73,474 31,194 35,092 226,098 Deposits: Member bank - reserve account 2,111,673 131,32b 56,956 41,260 72,245 44,307 l40,05S Government 36,596 1,383 21,747 2.0*11 2,121 68 1,725 3,162 663 1,045 1,174 1,200 267 Foreign bank 41,696 3,152 13,322 4,326 4,242 1,680 1,554 5,628 1,470 92U 1,218 1,176 2,39S Other deposits 20,237 110 2.QQ3 l60 1.663 117 122 703 Sl6 124 83 1.142 4.iqq Total deposits 2,210,202 130,511 563,902 126,147 146,777 66,774 45,873 347,367 59,925 43,553 74,720 48,025 147,622 Deferred availability items 330,990 32,613 22,035 27,901 31,725 27,139 9,346 32,033 15,577 6,04-7 i6,s4o 12,880 18,810 Capital paid in 154,779 11,521 59,130 16,233 14,267 5,2i4 4,876 17,309 4,479 2,923 4,073 3,961 10,793 Surplus 259,421 20,039 75,077 26,486 27,640 11,483 10,449 38,411 10,025 6,356 S„124 7,624 17,707 All other liabilities 34 ,,129 1,120 11,145 2,194 3,119 1,222 2,666 4.298 1.348 1.612 883 2.051 2.471 TOTAL LIABILITIES 5,546,b46 403,955 1,752,475 444,145 512,585 201,054 190,6671,001,376 181,450 133,965 185,834 109,639 423,501 Reserve ratio (per cent) 55.4 D7.0 5J>.2 57.1 56.4 54.9 50.3 77.5 56.9 51.8 53.4 •7.7 50.9 liability on "bills -ourphased for foreign correspondents 150,342 ll,o20 47,294 15,748 15,442 6,lib 5,657 20,487 5,351 3,363 4,434 4,281 10,549 FEDERAL RESERVE FOTE STATEiSFT Federal reserve notes: * 586,628 76,819 40,828 256,365 Issued to F.R."bank by F.R.Agent 2,786,801 214,374 638,470 259,320 301,718 95,469 132,589 94,287 89,934 Held "by Federal reserve "baric 229,682 18,223 77,340 14,136 12,661 6,247 18,132 30,670 4,191 3,345 8,740 5,730 30,267 In actual circulation 2,557,119 196,151 561,130 245,184 289,057 89,222 114,457 555,958 90,096 73,474 81,194 35,09% 226,098 Collateral held "by agent as security for notes issued to "bank Gold and gold certificates 840,635 47,010 368,860 74,120 71,970 13,220 13,500 121,695 15,730 12,790 10,280 13,460 78,000 Gold fund - F. 2. Board 1,103,065 128,617 97,000 84,980 110,000 43,080 45,500 429,000 41,000 27,700 38,800 7,625 49,763 Eligible paper 497,002 29,024 100,354 64,165 55,180 26,330 37,167 33,219 12,694 5,967 25,720 14,951 27,631 U. S. Gov't, securities 360,200 Q,800 75,000 37,000 65,000 13,500 37,000 7,000 25,000 26,900 17,000 5,000 42,000 Total collateral 2,800,902 214,451 641,214 260,265 302,150 96,130 133,167 591,514 94,424 77,357 91,800 41,036 257,394 MATURITY DISTRIBUTION" OF BILLS AED SHORT TERM SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over b months 6 months Bills discounted 501,911 359,396 36,443 46,978 36,323 21,856 915 Bills bought in open market 35,717 3,091 4,000 2,212 26,4l4 Certificates and "bills 1,039,958 39,590 36,550 216,104 230,749 269,255 247,710 Municipal warrants 5,778 5,542 201 35 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis