H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS Released, for publication B-801 Friday morning, Aug. 5". Federal Reserve Board., August 4, 1932. not earlier. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending August 3 as reported by the Federal reserve banks was $2,4l6,000,000, a decrease of $18,000,000 compared with the preceding week and an increase of $1,445,000,000, compared vrith the corresponding week in 1931« On August 3 total reserve bank credit amounted to $2,383,000,000, a decrease of $34,000,000 for the week. This decrease corresponds with a decrease of $60,000,000 in member bank reserve balances and an increase of $27,000,000 in monetary gold stock, offset in part by an increase of $38,000,000 in money in circulation and a decrease of $14,000,000 in Treasury currency, adjusted. Holdings of bills discounted decreased $9,000,000 at the Federal Reserve Bank of San Francisco, $7,000,000 at Cleveland, $6,000,000 at Atlanta, $5,000,000 each at Mew York and Chicago, $4,000,000 at Philadelphia and $38,000,000 at all Federal reserve banks. The System's holdings of bills bought izr open market increased $1,000,000 and of United States Treasury notes $55,000,000, while holdings of Treasury certificates a.nd bills declined $50,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending August 3\ 1932, were as follows: Increase or decrease since Aug. 3 July 27 Aug. 5 1931 1932 1932 |In millions of dollars) 487 38 + 29s Bills discounted — 4i f 1 - 25 Bills bought 1,846 5 +1,165 U.S. Gov oration t ciocurities + l4 2 18 Other reserve bank credit — 2,383 3% +1,421 TOTAL RESERVE BA7X CREDIT 3.9S7 4- 27 - 968 Monetary gold stock 1,757 14 - 35 Treasury currency adjusted - 5,728 38 + 880 Money in circulation + 2,012 60 - 327 Member bank reserve balances — 391 - 136 Unexpended capital.'funds,nonmember deposits,etc. - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, August 5.1932", not earlier. B-801a RESOURCES Aim LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Aug. 3,1932 July 27,1932 Aug. % 1931 R E S O U R C ES Gold with Federal reserve agents . . .. 1,987,282 1,959,552 2,063,779 63,643 Gold redemption fund with U.S. Treasury 62,926 29,933 2,050,26s Gold held exclusively against F.R.notes 2,023,195 2,093,762 Gold settlement fund with F. R. Board . 245,805 249,735 447,519 31+7,730 Gold and gold certificates held by banks 348,212 887,756 Total gold reserves 2,643,853 2,621,142 3,429,037 Reserves other than gold 201,505 205,214 165,761 2,326,356 Total reserves 2,845,358 3,594,798 ITon-re serve cash 70,714 77,666 73,019 Bills discounted: 202,161 69,901 Sec. by U.S. Government obligations IS2,OSS Other bills discounted 305,095 323,219 118,674 Total bills discounted . . .. 487,183 525,330 183,575 Bills bought in onen market 4400,,669933 39,700 66,074 U. S. Government securities: Bonds 420,93% 421,021 216,878 Treasury notes 323,07s 263,474 43,242 Certificates and bills . . . . . .. 1,102,123 1,151,696 420,511 680,631 Total U.S. Government securities 1,846,135 1,841,191 Other securities 6,02s 5,961 6,302 Total bills and securities . 2,380,039 2,412,232 941,582 Due from foreign banks 2,891 2,887 10,725 16,07s F. R. notes of other banks 13,24s 16,427 328,222 326,793 426,158 Bank premises 58,119 58,119 58,920 47,811 All other resources 48,098 29,389 5,150,669 TOTAL RESOURCES 5,746,402 5,768,578 L I A B I L I T I ES 1,772,672 F. R. notes in actual circulation . . . 2,857,805 2,834,157 Deposits: Member bank - reserve account . . .. 2,012,134 22,,007722,,116644 2,339,135 12,161 Government .. 55,972 45,099 11,656 Foreign bank 10,807 132,377 Other deposits . . 36,422 36,428 26,774 2,510,447 Total deposits . . . 2,115,335 2,165,347 Deferred availability items 323,232 319,454 411,380 Capital paid in 153,700 153,791 166,849 274,636 Surplus 259,421 259,421 All other liabilities 36,909 36,408 14,685 5,150,669 TOTAL LIABILITIES 5,746,402 5,768,578 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 57.2$ 56.5$ 83.9$ Contingent liability on bills purchased for foreign correspondents 59,496 5577,,449944 225,852 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAEKS OIT AUGUST 3, 1932 R E S O U R C ES (In thousands of dollars) B-801b Total Boston Few York Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. Gold with Federal reserve agents 1,927,252 164,127 451,217 l46,000 184,970 50,200 5%,^u0 624,945 6l,910 37»935 52,QoO 22,435 137*263 Gold redemption fund with U.S.Treasury 62,986 3,352 13,568 6,670 6,578 2,749 3,951 9,%6l 2,l46 2,237 2,838 1,315 2»H,5 Gold held exclusively against F. R. notes 2,050,26s 167,485 464,785 152,670 191,548 52,949 57,951 634,4o6 64,056 39,772 55,512 23,750 145,37s Gold settlement fund with F.R. Board 245,805 l4,l62 62,487 5,229 25,467 9,502 7,646 55,712 9,139 o,o40 lo,67v 6,536 24,359 Gold and gold certif. held by banks 347,780 15,730 216,898 9,%26 17,9%0 6,993 8,163 26,180 5,456 3,215 10,652 3,914 23,213 744,170 167,325 234,955 73,760 716,304 72,701 51,227 34,200 192,950 Total gold reserves 2,643,853 197,377 69,444 82,84o Reserves other than gold 201.505 19.190 53.682 33.579 19,066 9,397 5,712 26,ityj 8,529 3,577 5,27% 2,156 9,192 Total reserves ,245,35s 216,567 797,252 200,904 254,021 78,841 79,%7S 7%2,%%9 27,230 55,4O4 88,114 42,356 202,142 2,170 3,514 5.667 Non-reserve cash 70,71% %,919 18,661 3,215 3,714 3,649 %,9%9 l%,558 3,52% 2,114 Bills discounted: Secured by U.S.Govt, obligations 182,088 9,93% 59,161 24,947 12,906 6,376 7,69% 11,253 7,22% 1,971 2,5%5 3.392 33,%25 39,4j4 44,369 21,59% 21,090 15,119 56,695 Other bills discounted 305,095 10,95% 25,436' 28,089 23,952 5,79% 11,973 98,635 69,816 23,635 Total bills discounted 487,183 20,888 32,392 27,970 35,723 35,211 13,672 13,9%% 18,511 90 120 Bills bought in open market 40,693. 2,343 15,%52 3,120 3,102 3,105 l,%5l %,973 1,043 631 9%6 913 3,55% TJ. S, Government securities: 9,676 9,696 17,272 11,752 25,259 Bonds 420,934 20,409 190,050 31,233 36,497 40,898 13,935 14,257 8,962 23,678 Treasury notes 323,078 18,519 123,679 26,087 3%,21% 9,072 42,240 12,597 9,095 10,9%7 3,922 Certificates and bills 1.102.123 82.300 39%.5&3 81.617 107.046 28.385 28.038 191,672 39,411 28.265 34,268 12,476 74,022 Total U.S. Govt, securities 1,846,135 121,228 708,292 132,937 177,757 47,133 46,696 274,810 65,943 5%,632 56,967 30,721 123,019 Other securities 6,028 - %,369 1,539 % ~ % I ^20 ~ 2 ~ 216,693 Total bills and securities 2,380,039 144,459 826,748 213,472 219,251 78,205 83,930 315,59% 80,66% 69,327 Sl,5%8 50,1%5 Due from foreign banks 2,891 211 1,18% 287 2o8 106 92 373 12 11 77 75 1"3 F. R. notes of other banks 13,248 355 3,803 . 301 9%1 1,013 675 2,%79 935 313 1.H9 245 1,069 Uncollected items 328,222 4l,074 88,535 31,632 32,927 26,778 7,120 37,70$ 10,780 6,686 18,184 9,244 17,49° 3,336 3,617 Bank premises 58,119 14,817 2,901 7,966 2,489 7,228 3,%6l 1,835 3,6%9 1,727 %,%33 All other resources 4-7.811 1,552 27,903 844 1.257 3.443 3,847 2,712 l,l6S l,.64l 277 11301 1*266 TOTAL RESOURCES 5,746,402 412,473 1,779,503 453,556 520,345 195,655 122,6463,123,699 187,840 137,331 195,732 108,667 448,949 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AED LIABILITIES OF THE FEDERAL RESERVE BARKS OF AUGUST 3> 1932 L I A B I L I T I ES (In thousands of dollars) B-801c Minn. Kans.Cy* Dallas San Fran. Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis 50,002 254,633 P.E.notes in actual circulation 2,557,205 204,502 603,651 255,740 254,631 94,553 111,437 726,243 100,563 94,451 37,359 Deposits: 38,305 67,228 44,318 137,096 892,056 119,331 141,904 54,061 42,923 289,550 53,863 Member "bank - reserve account 2,012,134 131,469 976 1,164 2,121 2,5140 Government 55,972 3,133 25,050 3,615 3,152 2,046 1,957 7,669 2,516 Foreign "bank 10,507 821 3,528 1,112 1,091 432 400 1,447 378 23s 313 302 7%5 Other deposits 36,422 236 25,773 177 2,342 57 376 1,519 828_ 102 l46 97 4,569 Total deposits 2,115,335 135,659 946,437 124,238 145,459 56,596 45,656 300,215 57,585 39,821 68,851 46,838 144,950 Deferred availability items 323,232 40,376 81,951 25,762 32,276 26,300 7,505 37,120 13,923 6,573 19,435 10,543 18,468 Capital paid in 153,700 10,922 59,175 16,187 14,233 5,200 4,873 IT, 181 4,471 2,919 4,069 3,914 10,556 Surplus 259,421 20,039 75,077 26,436 27,640 11,483 10,449 35,411 10,025 6,356 8,124 7,624 17,707 All other liabilities 36,909 975 13,182 2,143 3,076 1,523 2,726 4,524 1,268 1,660 SOS 2,389 2,635 TOTAL LIABILITIES 5,746,402 412,473 1,779,503 453,556 520,345 195,655 182,6461^23,699 187,840 137,331 195,738 105,667 445,949 Reserve ratio (per cent) 57.2 63.7 51.5 52.9 57.3 52.2 50.6 72.3 55.2 46.2 54.0 50.3 50.6 Contingent liability on bills purchased for foreign correspondents 59,496 4,522 19,394 6,128 6,009 2,380 2,201 7,973 2,083 1,309 1,726 1,666 4,105 FEDERAL RESERVE FOTE STATEMENT Federal reserve notes: Issued to F.P..bank by F.H.Agent 3,080,974 223,79s 670,152 266,604 307,798 59,778 129,232 761,952 107,796 82,377 103,052 42,750 285,655 Held by Federal reserve bank 223,169 19,296 66,471 10,864 13,167 5,225 17,795 35,704 7,228 2,375 8,631 5,391 51,022 In actual circulation 2,857,805 204,502 603,681 255,740 294,631 94,553 111,437 726,248 100,56s SO,002 94,451 37,359 254,633 Collateral held by agent as security for notes issued to bank 12,260 83,000 Gold and gold certificates 999,167 47,010 390,217 75,020 71,970 12,920 13,500 249,945 20,810 12,635 9,880 Gold fund - F. R. Board 988,115 117,117 61,000 70,980 113,000 37,280 40,500 375,000 41,100 24,900 42,800 10,175 54,263 Eligible paper 471,79b 20,337 100,072 65,160 38,194 29,540 34,617 36,339 12,940 13,322 23,362 18,525 74,588 U.. S. Gov11. securities 635,450 38,900 121,000 52,000 85,000 20.000 42,000 108,000 33,100 31,900 g7»05Q. 2.000 74.500 Total collateral 3,094,52s 223,864 672,289 267,160 308,164 100,o4o 130,617 769,254 107,950 82,757 103,092 42,960 286,351 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES 91 days to Over 6 months Total Within 15 days Id to 30 days 31 to 60 days 6l to 90 days 6 months Bills discounted 487,183 342,342 33,661 51,988 42,152 l6,541 499 Bills bought in open market 40,693 9,910 12,382 7,769 10,632 Certificates and bills 1, 102,123 ..68,600 140,442 290,411 218,5SS 13,275 370,807 warrants 6,028 5,637 236 120 . 35 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis