H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STA?EliETTT FOB THE PRESS B-"01 Released for publication federal Reserve Board Friday morning, June 17; June 'l6, '1932 not earlier. CCJTDITIO-" OF JWBBAL RESERVE PXECS The daily average mlxm, of Moral reserve bank credit o-atstancdng during the wee!-: ending Jane 15, as reported tv the federal rese-ve MM*. rM ^.^.000,00^ an increase of $78,000,000 co-oared «'ith_ the preceding weex and of $1,30-, AX., - J compared '7it'll tliG correspondi^g W3±10. 193^-• On June 15 total reserve bank credit anoimtod to *2,270,000,000, an increase sb in an increase of $36,000,000 in Treasury currency, adjusted. Foldings of discounted bills increased 63,000,000 at the Federal Reserve Bank bonds dccroascd $1,000,000. Changes in the amount of reserve tan].: credit outstanding and m related lto.ns during the week .nnd the year ending June 15, 1932, were as follows: Increa se or -decrease since June 15 Jun.e June 17 1932 1932 1931 (In millions of dol lars) U96 - 6 + 311 Bills discounted 66 + 30 - '41 Bills bought 1,692 + 47 +1,093 U. S. Government securities 16 Other reserve bank credit 2,270 + 72 +1,363 TOTAL RESERVE 3A.H( CREDIT 3,909 - 70 - 984 Monetary gold stock 1,532 + 36 + 68 Treasury currency adjusted + 711 5,467 + 15 Money in circulation 2,101 - 11 - 300 Member bank reserve balances deposits,.etc. 443 + 3^ + 36 Unexpended capital funds, nonmeiaber Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Sine 17, 1932; not earlier. B-SOla RESOURCES AID LIABILITIES OF THE TWEL7B EED2PAL E3SEHV1 BASKS COISCT) (In thousands of dollars) June 15.1932 June 8. 1932 June 17. 1931 R E S O U R C ES Gold with Federal reserve agents . . .. 1,897,307 1,943,700 1,908,344 Gold redemption fund with U.S.Treasury . 48.915 46.928 32,666 Gold held exclusively against F.R.notes 1,946,222 1.990,628 1,941,010 Gold settlement fund with F.R. Board . . 283,22k 310,724 Gold and gold certificates held "by banks -331.7^9 325.609 94?,310 Total gold reserves 2,561,195 2,626,961 3,355,289 Reserves other than gold 205,280 203,339 170,985 Total reserves 2,755,475 2,830,300 3,526,274 Non-reserve cash 71,143 72,397 71,H4 Bills discounted: Sec. by U. S. Government obligations 202,225 210,518 76,323 Other bills discounted 294,014 291,393 109,065 Total bills discounted 496,239 501,911 185,388 Bills bought in open market 65,061 35,717 106,814 U. S. Government securities: Bonds 429,056 429,990 117,209 Treasury notes . 194,507 174,619 52,233 Certificates and bills 1.068.1-54 1.039.958 420.562 To tal U.S. Gov eminent securities 1,692,207 1,644,567 599,004 Other securities 5,511 5, 778 9,24s To tal bills and securities 2,259,713 2,187,973 900,454 Due from foreign banks . . 3,545 3,642 699 F. R. notes of other banks 15,500 13,623 15,467 Uncollected items . .. 418,230 337,720 570,44i Bank premises 58,083 58,083 56,730 All other resources . . 42,315 42,908 - 22,692 5,635,110 5,54b,646 5,165,871 L I A B I L I T I ES F. R. notes in actual circulation 2,575,799 2,557,119 1,668,313 Deposits: Member bank - reserve account . 2,101,243 2,111,673 2,401,114 Government 2,695 36,596 43,573 Foreign bank 60,122 41,696 5,676 Other deposits 34.^68 20.237 22.136 Total deposits 2,192,428 2,210,202 2,472,499 Deferred availability items 411,713 330,995 554,842 Capital paid in 154,809 1d4,779 168,325 Surplus 259,421 259,421 2 7 4,536 All other liabilities . . . 34.940 54,129 17,256 TOTAL LIABILITIES . . . 5,635,110 5,546,646 5,165,371 Ratio of total reserves to denosit nd F. R. note liabilities combined 57.9$ 59.4$ 85.2 $ Contingent liability on bills purchased for foreign correspondents 102,212 150,34-2 378,717 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AFD LIABILITIES OF THE FEDERAL RESERVE BASICS OF JUKE 15, 1932 R E S O U R C ES (In thousands of dollars) B-301b Total Boston !?ew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 1.897,307 173.627 %17.9%7 157,700 173,%70 53,500 52.000 5^9,39% 57,550 41,590 50,680 25.08R 122,76] C-old redemption fund with U.S.Treasury %8,915 1,315 11,986 5,862 6,579 2,095 %,1%9 2,788 1,969 1,891 2,582 962 6,737 Gold held exclusively against F _ji _notes. 1,94b,222 174,942 429,933 163,562 180,049 55,595 62,149 562,183 59,519 43,481 53,262 26,047 115,500 A s Gold settlement fund with 5* E. Board 233,224 17,033 54,524 9,251 22,959 11,204 8,344 60,833 8,305 9,704 11,960 4,881 24,226 jrold and ^old certif. neld oy sanies 3:>1,7^9 15,843 190,315 9.972 17,918 6,365 8,052 30,029 9,031 3,245 11,291 4,l46 25,542 gotal %old reserves 2,561,195 207,818 71%,772 182,785 220,926 73.164 73,545 653,045 76,855 56,430 76,513 35,074 185,268 Reserves other than cold 205,280 20,989 52,646 30,343 13,398 11.4-93 5,788 24,926 9,716 3,809 7,012 10,320 9,840 Total reserves 2,766,475 223,807 767,418 213,123 239,32% 84,657 8%,333 677.971 86,571 60,239 83,525 %5,39% 195.108 Fon-reserve cash 71,143 5,5%7 15,31% 3.075 3,556 3,432 5.165 13.160 3.824 2,127 2,190 3,812 5,937 Bills discounted: Secured by U.S.Govt, obligations 202,225 13.720 64,010 22,219 27,864 4,391 7.661 10,568 7,712 1,720 3,210 2,634 36,516 Other bills discounted 294,014 15,535 37,735 %2,9%3 31,563 20,146 24,671 19,300 5,327 8,317 22,059 12,5%1 53,077 Total bills discounted 496,239 25,555 101,745 65,162 53 Ml 2%,537 32,332 29,368 13,039 10,537 25,269 15.175 89.593 Bills bought in open market 65,661 %,352 23,724 5,365 6,232 3,787 2.585 7,843 2,237 632 891 924 7,089 U. S. Government securities: Bonds 429,056 21,027 184,635 30,005 35.H9 9,980 10,721 60,851 12,565 16,824 10,600 14,149 22,580 Treasury notes 194,997 12,045 76,361 15.708 20,739 5,89% 6,221 23,455 7,125 5,448 6,217 2,450 13.33% Certificates and bills 1,068,154 63,657 %39,953 83.320 110,005 31,259 33,110 123,457 37,790 28,875 32,993 12,997 70,728 Total U.S.Govt, securities 1,692,207 96,729 700,959 129,033 165,863 %7.133 50,052 207,763 57,%so 51,l%7 49,810 29,596 106,642 Other securities 5.611 3,988 1,623 xotal bills and securities 2,259,718 130,636 330,4l6 201,133 231,522 75,457 84,969 245,4j4 72,756 62,316 75,970 45,695 203,324 Due from foreign banks 3.645 295 1,273 400 37% 148 137 520 20 12 107 104 255 F. R. notes of other banks 15.500 282 5,401 384 793 945 767 1,956 1,501 371 1,064 266 1,765 Uncollected items 418,230 46,391 121,924 35,452 43,60S 30,595 9.114 50,936 16,502 8,244 21,410 9,891 24,165 Bank premises 58,083 3,336 14,817 2,373 7.965 3.612 2,489 7,827 3,46l 1,834 3,649 1,737 4,433 All Other resources 42,316 1,703 23,304 320 1,607 3,910 3.683 1,464 1,269 1.363 921 1,292 975 TOTAL RESOURCES 5,635,110 416,997 1,733,367 457,319 528,752 202,756 190,662 999,308 185,904 136,506 138,836 108,241 435,962 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AMD LIABILITIES OE TEE FEDERAL RESERVE BAFKS 0IT JUME 15, 1932 L I A B I L I T I ES (in thousands of dollars) B-801c Total Boston Hew York phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kaas.Cy. Dallas San Fran* F.R.notes in actual circulation 2,575,799 195,297 574,175 2^7,239 287,949 SS,324 112,921 560,206 90,519 74,510 81,348 34,725 227,926 Deposits: Member bank - reserve account 2,101,243 13*5,521 912,267 122,953 143,323 61,210 47,087 319,371 57,669 41,747 71,464 42,716 144,415 Government 2,695 175 203 64 216 281 207 645 17 91 263 155 378 Foreign bank 60,122 4,621 19,143 6,262 6,l4l 2,432 2,250 8,147 2,128 1,33s 1,763 1,702 4,195 Other deposits 34,36? 376 22,725 176 3,522 146 415 469 878 396 124 527 4,6i4 Total deposits 2,198,42s 141,693 954,33s 129,455 153,702 64,069 49,959 328,632 60,692 43,572 73,6l4 45,100 153,602 Deferred availability items 411,713 47,314 109,487 35,60S 42,047 32,450 9,735 49,942 18,837 7,564 20,815 14,363 23,423 Capital paid in 154,309 11,521 59,182 16,228 14,267 5,205 4,876 17,309 4,479 2,923 4,o6q 3,961 10,789 Surplus 259,^21 20,039 75,077 26,486 27,640 11,483 10,449 38,4n 10,025 6,356 3,124 7,624 17,707 All other liabilities 34,940 1,133 11,608 2,225 3.147 1,225 2,672 4,203 1,352 1,581 866 2,408 2,515 TOTAL LIABILITIES 5,635,110 416,997 1,733,867 457,319 528,752 202,756 190,662 999,308 185,904 136,506 133,836 10s,24i 435,962 Reserve ratio (per cent) 57.9 67.9 50.2 56.6 54.2 55.6 51.< 76.2 57.3 51.0 53.9 5o.8 51.1 Contingent liability on bills purchased for foreign correspondents 102,212 7,769 33,311 10,529 10,325 4,089 3,753 13,< 3.57S 2,249 2,965 2,862 7.054 FEDERAL RESERVE MOTE STATEMENT Federal reserve notes: Issued to F.R.bank by F.R.Agent 2,791,931 213,386 638,724 259,091 299,467 93,670 132,090 594,226 95,915 73,233 89,616 39,918 257,595 Held by Federal reserve bank 216,132 18,089 „°^,549 H,352 11,518 5,346 19,169 33,420 5,396 3,723 8,268 5,133 29,669 In actual circulation 2,575,799 195,297 574,175 247,239 287,949 88,324 112,921 560,806 90,519 74,510 81,348 34,785 227,926 Collateral held by agent as security for notes issued to bank Gold and gold certificates 831,342 47,010 358,947 74,120 71,970 13,220 13,500 120,395 17,050 12,790 9,880 13,460 79,000 Gold fund - F. R. Board 1,065,965 126,617 59,000 83,580 101,500 40,280 44,500 439,000 40,500 23,800 40,800 11,625 49,763 Eligible paper 519,313 31,053 112,937 66,485 62,342 26,956 33,24o 33,361 13,429 10,167 24,799 14,983 89,561 U. S. Gov't, securities 401,700 9,300 113,000 35,000 65,000 13,500 42,000 14,000 25,000 26,900 16,000 - 42,000 Total collateral 2,818,320 213,980 643,884 259,185 300,812 93,956 133,24O 606,756 95,979 73,657 91,479 4o,o6s 260,324 MATURITY DISTRIBUTION OF BILLS AMD 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 Bills discounted. 496,239 354,211 36,911 44,680 36,272 23,245 920 Bills bought in open market 65,661 26,979 9,793 1,761 27,128 Certificates and bills 1,063,154 36,550 74,000 175,025 208,75c 284,255 285,574 DigitizIe.d: ufonr iFcRiiA>SaElR warrants 5,611 4,791 - 785 35 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis