H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-801 Friday morning, Aug, 19; Federal Reserve Board not earlier. August 18, 1932. CONDITIO# OF FEDERAL RESERVE BAHCS The daily average volume of Federal reserve bank credit outstanding during the week ending August 17, as reported by the Federal reserve banks, was $2,352,000,000, a. decrease of $24,000,000 compared with the preceding week and an increase of $1,237,000,000 compared with the corresponding week of 1931* On August 17 total reserve bank credit amounted to $2,344,000,000, a decrease of $13,000,000 for the week. This decrease corresponds with a decrease of $1,000,000 in money in circulation and an increase of $4l,000,000 in monetary gold stock, offset in part by an increase of $18,000,000 in member bank reserve balances and a decrease of $11,000,000 in Treasury currency, adjusted. Holdings of discounted bills increased $4,000,000 at the Federal Reserve Bank of Atlanta, and decreased $3,000,000 at New York and $9,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $3,000,000 and of Treasury certificates and bills $18,000,000, while holdings of United States Treasury notes increased $18,000,000, Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending August 17, 1932, were as follows: Increase or decrease since Aug. 17 Aug, 10 Aug. 19 1932 1932 1931 (In millions of dollars) Bills discounted 443 - 9 + 212 Bills bought 36 - 3 — 119 U* S. Government securities 1,851 +1 ,123 - Other reserve bank credit 14 - 1 13 - TOTAL RESERVE BAM CREDIT 2,344 - 13 +1, 203 Monetary gold stock 4,o46 + 4l - 937 Treasury currency adjusted 1,738 - 11 + 17 Money in circulation 5,706 - 1 + 754 Member bank reserve balances 2,080 + 18 - 302 Unexpended capital funds,nonmember deposits,etc,392 - - 169 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

B-801a Released for publication Friday morning, August 19,1932; not earlier. RESOURCES AZD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Aug. 17,1932 Aug. 10,1932 Aug. 19,1931 R E S O U R C ES 2,124,088 Gold with Federal reserve agents . . .. 2,046,992 2,018,692 Gold redemption fund with U.S.Treasury . 6l. 476 62,173 29,999 Gold held exclusively against F.R.notes 2,108,468 2,080,865 2,15^,087 Gold settlement fund with F. R. Board , ' 26-1,792 250,673 434,736 884,038 Gold and gold certificates held "by "banks —357,1?X 3^2,888 3,472,S6l Total gold reserves 2,727,4-57 2,680,426 169,727 Reserves other than gold 202.259 200,706 3,642,588 Total reserves . . .. 2,929.7l6 2,881,132 74,042 Hon-reserve cash 70,818 72,842 Bills discounted: •93,642 Sec. "by U.S. Government obligations . l6l, 837 l6o,5*+3 136,967 Other "bills discounted 281,023 285,395 230,609 Total bills discounted . . . 442,860 ^51,938 154,628 Bills bought in open market 35,890 38,720 U. S. Government securities: Bonds 420,815 420,858 247,342 36,241 Treasury notes 369.084 351,027 Certificates and bills 1,06l,l4% 1,079,126 444,307 727,890 Total U.l'^&o?crnncr.t necuyities 1,851,046 1,851,011 5,102 Other securities 6,019 6,009 1,118,229 Total bills and securities . . . 2,335,815 2,3^7,678 Due from foreign banks 2,667 2,732 10,749 F. R. notes of other banks 14,764 13»63b 16,889 462,236 Uncollected items 345,865 299,398 58,962 Bank premises 58,121 58' All other resources 45.228 *48,067 32,696 5,416,391 TOTAL RESOURCES 5,802,994 *5>723,6o4 L I A B I L I T I ES 1,901,844 F. R. notes in actual circulation . . . 2,838,772 2,843,605 Deposits: 2,382,296 Member bank - reserve account . . .. 2,079.658 2,062,455 28,923 Government 4-8,503 *26,175 Foreign bank 10,4-18 10,402 168,408 26,617 Other deposits 35,24l 35,587. 2,606,244 Total deposits 2,173.820 *2,134,619 450,618 Deferred availability items 34-0,799 293*275 167,233 Capital paid in 153.430 153,582 274,636 Surplus 259,421 259,421 15,816 All other liabilities 36,752 39,102 5,416,391 TOTAL LIABILITIES 5,802,994 *5,723,604 Ratio of total reserves to deposit and 80.8$ F. R. note liabilities combined . . . 58.4$ 57.9$ Contingent liability on bills purchased for foreign correspondents . . . .. . 60,254 59,528 226,781 *Revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AKD LIABILITIES OF THE FEDERAL RESERVE EA2-IKS OH AUGUST 17, 1932 R E S O U R C ES (in thousands of dollars) B-801b Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,046,992 166,727 *+85,677 153,000 188,970 53,200 56,000 6l4,9^5 61,510 37,035 52,680 23,485 147,^3 Gold redemption fund with U.S.Treasury 61,476 3,188 lg,l"6 6,520 6,493 2,679 3,780 9,175 2,083 2,377 2,805 1,125 8,065 Gold held exclusively against F. R. notes 2,108,468 169,915 498,863 159,520 195,463 55,879 59,780 624,120 63,593 39,412 61,435 24,610 155,828 Gold settlement fund with F.R.Board 261,792 12,71s 84,024 3,243 22,713 6,436 6,740 63,796 8,650 9,555 13,376 7,731 22,730 Gold and gold certif, held by banks 357,197 15,696 227,409 10,175 18,241 7,231 8,340 27,853 5,811 3,343 10,630 3,399 18,566 Total gold reserves 2,727,457 198,329 810,296 172,941 236,417 69,596 74,860 715,769 75,034 52,310 85,491 36,240 197,124 Reserves other than gold 202,259 19,555 54,914 33,980 18,906 5,649 5,257 25,977 8,532 3,760 5,663 7,515 9,551 Total reserves 2,929,716 217,884 865,210 206,921 255,323 78,245 50,117 741,746 86,616 56,070 91,154 43,755 206,675 Hon-reserve cash 70,SIS 5,215 19,253 3,567 4,099 3,542 4,907 12,363 3,797 2,06s 2,054 3,472 5,976 Bills discounted: Secured by U.S.Govt, obligations 161,337 7,857 54,793 21,337 15,387 4,548 5,451 11,069 7,049 1,385 1,572 2,512 23,827 Other bills discoumted 281,023 10,173 36,131 4l,6lS 20,318 22,441 23,173 21,624 5,^33 12,292 18,795 13,641 50,334 Total bills discounted 442,860 18,030 90,974 63,005 35,705 26,939 33,624 32,693 12,482 13,677 20,367 16,153 79,161 Bills bought in open market 35,390 2,343 11,443 3,210 3,102 2,767 1,350 4,313 1,030 631 946 896 3,354 U. S. Government securities: Bonds 420,315 20,350 190,272 31,223 36,492 9,649 9,616 40,775 13,940 17,208 11,776 14,242 25,267 Treasury notes 369,034 21,155 141,355 29,594 39,212 10,366 10,266 47,712 l4,44i 10,395 12,576 4,553 27,151 Certificates and bills 1,061,147 79,723 379,665 78,203 102,578 27,H7 26,810 186,323 37,775 27,091 32,915 11,921 71,026 Total U.S. Govt, securities 1,851,046 121,223 711,292 139,325 178,282 47,132 46,692 274,510 66,156 54,697 57,267 30,721 123,444 Other securities b,019 — 4,325 1,564 - - — — - 130 - - - Total bills and securities 2,335,815 l4l,601 818,039 207,104 217,039 76,555 81,666 312,316 79,663 69,135 78,530 47,770 205,959 Due from foreign banks 2,667 211 960 287 268 106 98 373 18 11 77 75 183 F. R. notes of other banks 14,764 239 3,478 318 1,195 997 872 2,064 1,649 365 1,011 239 2,284 Uncollected items 345,865 41,344 93,310 30,625 32,329 23,967 7,721 44,607 13,699 8,063 18,742 n,952 13,506 Bank premises 58,121 3,336 14,317 2,901 7,965 3,617 2,459 7V825 3,461 1,535 3,649 1,787 4,433 All other resources 45,223 1,434 26,020 750 1,252 3,^79 3,770 2,676 1,129 1,574 390 1,302 952 TOTAL RESOURCES 5,802,994 4ll,8l4 1,841,092 452,473 520,023 190,841 131,640^24,473 190,037 139,124 196,157 110,352 444,96s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AH) LIABILITIES OF THE FEDERAL RESERVE BAMS OH AUGUST 17, 1932 B-SOlc L I A B I L I T I ES (in thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 2,£35,772 201,675 592,951 256,019 293,03S 96,169 110,292 713,092 101,316 79,961 95,316 37,786 250,157 Deposits: Member bank - reserve account 2,079,655 132,506 959,^71 119,651 142, 5 49,296 41,476 295,290 54.GSS 35,055 67,433 4-3,040 135,959 Government US,503 3,436 17,773 1,553 3,922 3,335 2,737 4,513 2,l4l 1,592 2,245 2,039 2,567 Foreign bank 10,His 321 3,139 1,112 1,091 432 400 1,447 37s 233 313 302 745 Other deposits 35,241 110 26,095 2,055 112 130 264 354 264 123 95 4.806 Total deposits 2,173,820 136,923 1,006,475 122,399 149,656 53,175 ^,993 301,514 55,261 40,449 70,119 45,476 144,077 Deferred availability items 340,799 41,250 90,563 29,177 32,327 23,239 3,279 42,804 14,705 7,773 17,692 13,245 19,715 Capital paid in 153,430 10,911 59,175 16,143 14,224 5,151 4,563 17,015 4,455 2,920 4,069 3,912 10,551 Surplus 259,421 20,039 75,077 26,456 27,640 11,453 10,449 35,411 10,025 6,356 5,124 7,624 17,707 All other liabilities 36,752 956 10.545 2.244 3.115 1.594 2.764 6.334 1.272 1.665 317 2.109 2.761 TOTAL LIABILITIES 5,302,994 4il,3l4 1,341,092 452,473 520,023 190,341 151,64o#24,473 190,037 139,124 196,157 110,352 444,96c Reserve ratio (per cent) 58.4 64.3 53.9 5^.7 57.7 52.4 51.6 72.7 5^.3 46.6 55.1 52.6 52.4 Contingent liability on bills purchased for foreign correspondents 60,254 4,522 20,153 6,123 6,009 2,350 2,201 7,973 2,032 1,309 1,726 1,666 4,105 FEDERAL RESERVE HOTE STATEMENT Federal reserve notes: Issued to F.R.Bank by F.R.Agent 3,075,279 223,005 66 9,575 265,375 307,553 103,504 125,297 751,254 105,525 32,399 103,675 43,260 255,735 Held by Federal reserve bank 239,507 21,333 70.627 12,356 14,545 7,315 18.005 33.192 7,212 2.413 3,159 5,474 In actual circulation 2,338,772 201,675 593,951 256,019 293,033 96,169 110,292 713,092 101,316 79,961 95,316 37,786 250,157 Collateral held by agent as security for notes issued to bank Gold and fold certificates 1,046,127 47,010 431,677 75,020 71,970 12,920 13,500 249,945 20,310 12,635 9,880 12,260 33,500 Gold fund - F. R. Board 1,000,365 119,717 5U,< 0 00 77,980 117,000 40,280 42,500 365,000 40,700 24,400 48,800 11,225 59,2o3 Eligible paper 427,769 17,381 33,14 65 62,403 35,671 28,471 32,197 33,023 11,367 12,914 20,355 16,129 68,393 U. S. Gov't securities 615,600 38,600 97, <0 00 53,000 85,000 22,000 4l,000 108,000 35,300 32.900 26,000 3,800 73,000. Total collateral 3,090,361 223,203 671,142 263,403 309,641 103,671 129,197 755,968 108,677 82,849 105,035 43,4l4 289,156 MATURITY DISTRIBUTION OF BILLS AHD SHORT TERM SECURITIES 91 days to Over 6 months Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days 6 months 446 Bills discounted 442,860 109,585 32,739 50,9^ 36,357 12,239 Bills bought in open market 35,890 8,353 10,455 10,532 6,550 326,331 Certificates and bills 1,061,147 125,442 206,910 202,089 84,600 55,775 Junicipal warrants 6,019 4,811 1,018 35 25 130 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis