H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATE! SIFT FOE THE PRESS B-S01 Released for publication Federal Reserve Board Friday morning, Aug. 26; not earlier. August 25, 1932. CONDITIO" OF FEDERAL RESERVE BA1TES The daily n.verage volume of Federal reserve "bank credit outstanding during the veek ending August 24, as reported, "by the Federal reserve Dailies, was $2,336,000,000, a decrease of $16,000,000 compared with the preceding week and an increase of $l,lol,000,000 compared with the corresponding week of 1931. On August 24, total reserve "bank credit amounted to $2,321,000,000, a decrease of $23,000,000 for the week. This decrease corresponds with decreases of $22,000,000 in money in circulation and $14,000,000 in unexpended ca;oital nonds, nonmember deposits, etc., and increases of $18,000,000 in monetary gold stock and $31,000,000 in Treasury currency, adjusted, offset in part "by an increase of $62,000,000 in member bank reserve balances. Holdings of discounted bills decreased Ab,000,0^0 at the Federal Reserve Banx of San Francisco, $3,000,000 at Cleveland.and $16,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $1,000,000 and of Treasury certificates aid bills ^12,000,000, while holdings of United States Treasury notes increased $12,010,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending August 24, 1932, were as follows: Increase or decrease since Aug. 24 Aug. 17 Aug. 26 1932 1932 1931 (in millions of dollars) Bills discounted 427 __ 16 + 185 1 i46 Bills bought 35 — +1,123 U. S. Government securities 1,551 - Other reserve bank credit - 6 4l TOTAL RESERVE BAHC CREDIT 2,321 23 +1,122 Monetary gold stock 4,064 4- 12 - 92S Treasury currency adjusted 1,819 4- 31 + 99 + 690 Money in circulation 5,6^4 22 Member bank reserve balances 2,142 4- 62 - 200 Unexpended capital funds,nomnember deposits,etc, 37S 14 - 197 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, August 26,193'-? not earlier. B-SOla RESOURCES AKD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBIHED (In thousands of dollars) Aug. 24,1932 Aug. 17,1932 Aug. 26, 19)1 R E S O U R C ES 2,152,013 Gold rath Federal reserve agents . . .. 2,077,192 2,046,992 Gold redemption f'ond with U.S.Treasury . 58,g6l 61,476 29,889 Gold held exclusively against F.R.notes 2,13b,053 2.10S,46s 2,181,902 Gold settlement fund v/ith F. R. Board . 23b,79S 261,792 441,211 Gold and gold certificates held "by banks 180,542 357,197 862,433 Total gold reserves . 2,753,393 2,727,457 3,485,546 206,016 202,259 172,213 Reserves other than gold . . . Total reserves . . .. 2,959,409 2,929,716 3,657,759 TTon-reserve cash 78,097 70,818 7 2 ,m Bills discounted: Sec. "by U.S. Government obligations 154,186 161,837 98,782 Other bills discounted . . . 272,518 281,023 142,936 Total bills discounted . . 426,70U 442,860 241,718 Bills bought in open market . . .. 35.433 35,890 180,518 U. S, Government securities: Bonds 420,865 420,815 291,977 Treasury notes 380,721 369,084 32,297 l.o4q,U75 1,061,147 403,724 Certificates and bills . . . . .. Total U.S. Government securities 1,351,061 1,851,046 727,998 Other securities 6,051 6,019 6,402 1,156,636 Total bills and securities , 2,319,249 2,335,815 2,668 2,667 38,378 Due from foreign banks 15,016 14,764 16,010 F. R. notes of other banks . . Uncollected items 293,84l 345,865 407,424 58,121 58,121 59,083 Bank premises 46,050 45,22s 33,462 All other resources 5,772,451 5,802,994 5,440,863 TOTAL RESOURCES . L I A B I L I T I ES 2,824,805 2,838,772 1,945,507 F. R. notes in actual circulation . . . . Deposits: 2,i4i,70l 2,079,658 2,341,99s Member bank - reserve account Government 29,512 48,503 82,6o4 12,057 10,418 182,921 Foreign bank 19,265 35,24i 26,812 Other deposits 2,202,535 2,173,820 2,634,335 Total deposits Deferred availability items 294,679 340,799 403,634 Capital paid in 153,339 153,430 167,194 259,421 259,421 274,636 Surplus 37,672 36,752 15,557 All other liabilities 5,772,451 5,802,994 5,440,863 TOTAL LIABILITIES Ratio of total reserves to deposit and F. R. note liabilities combined . . . 58 .s 58.4^ 79.9/5 Contingent liability on bills purchased for foreign correspondents 55,009 60,254 229,970 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BASKS 01T AUGUST 24, 1932 R E S O U R C ES (In thousands of dollars) B-801b Total Boston "Tew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Gold with Federal reserve agents 2,077,192 163,227 503,677 150,400 188,970 69,700 56,000 614,945 62,110 36,835 59,680 23,385 148,263 Gold redemption fund with U.S.Treasury 58,861 3,141 12,710 6,375 6,247, 2,594 3,820 8,719 2.028 2,194 2,654 1.098 7.271 Gold held exclusively against F. R. notes 2,136,053 166,36s 516,337 156,775 195,217 72,294 59,820 623,664 64,133 39,029 62,344 24,483 155,534 Gold settlement fund with F.R.Board 236,79s 10,941 30,340 1,015 23,357 10,354 6,223 55,434 7,26s 6,823 10,581 6,592 17,770 Gold and gold certif. held by banks 380,542 16,525 241,093 9,199 18,248 7,391 8,451 28,921 5,970 3,436 10,751 3,923 26,634 Total gold reserves 2,753,393 193,334 837,820 166,989 236,322 90,039 74,494 708,019 77,376 49,283 83,776 34,99s 199,933 Reserves other than gold 206,016 19,171 56,549 34,453 19,061 8,673 5,545 25,748 9,4o4 4,070 6,062 7,536 9,694 Total reserves 2,959,409 213,005 394,369 201,442 255,833 93,712 80,039 733,767 86,780 53,35S 39,333 42,584 209,632 Fon-reserve cash 73,097 5,455 20,057 4,529 4,210 3,990 5,64s 13,50s 4,236 2,316 2,341 3,475 3,332 Bills discounted: Secured by U.S.Govt, obligations 154,186 8,032 55,267 19,599 14,052 4,469 4,935 9,442 6,253 1,201 1,457 2,527 26,952 Other bills discounted 272,51s 10,167 35,655 41,333 13,589 22,122 27.422 21.492 4.993 12.389 IS.365 13.296 45,639 Total bills discounted 426,704 is,199 90,922 61,437 32,541 26,591 32,357 30,934 11,246 13,590 20,323 15,523 72,591 Bills bought in open market 35,433 2,343 11,372 3,253 3,102 2,766 1,301 4,525 1,023 631 391 ::vi 3,239 U. S. Government securities: Bonds 420,365 20,350 190,273 31,229 36,493 9,64s 9,594 40,775 13.933 17,277 11,777 14,242 25,269 Treasury notes 380,721 21,337 145,773 30,360 40,479 10,701 10,622 49,126 14,908 10,695 12,953 4,705 28,027 Certificates and bills 1,049,475 79,04i 375,241 77,236 101,310 25.7:4 26.459 134.909 37,310 26.75b 32.507 11.774 70.148 Total U.S. Govt, securities 1,851,061 121,228 711,292 139,325 178,282 47,133 46,675 274,810 66,156 54,728 57,267 30,721 123,444 Other securities 6,051 - 4,31s 1,603 - - - - 130 - Total bills and securities 2,319,249 141,770 317,904 205,668 214,025 76,490 50,333 310,370 78, 430 69, 079 73 ,431 47,425 199,274 Due from foreign banks 2,66s 211 960 287 262897 ic 6 93 373 IS 11 7777 74 is4 F. R. notes of other banks 15,016 329 3,850 354 910 977 762 1,787 1, 290 734 1 ..448877 234 2,302 Uncollected items 293,341 33,430 79,666 26,544 29,23s 22,219 7,390 34,779 11, 375 7, 282 15 ,397 10,127 15,394 Bank premises p3,121 3,336 14,317 2,901 7,963 3,617 2,489 7,828 3,4 •Si 1, 335 3 ,649 1,757 4,433 All other resources 4b,050 1,427 27,240 733 1,237 3,26s 3,748 2,515 l, 166 1, 502 375 1,299 935 TOTAL RESOURCES 5,772,451 393,963 1,353,863 442,463 513,740 209,379 ISO,5073404,927 187,256 136,217 192,145 107,005 440r9So Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AH) LIABILITIES OF THE FEDERAL RESERVE BAMS OH AUC-UST 24, 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. Kans.Cy. Dallas San Fran, J.B.notes in actual circulation 2,824,805 200,311 539,343 252,555 291,436 111,557 108,535 713,284 100,482 79,312 94,820 37,513 245,627 Deposits: Member "bank - reserve account 2,i4i,70i 130,388 1,027,912 117,007 142,704 52,085 42,314 289,716 52,806 37,226 66,914 42,405 140,224 Government 29,512 1,620 6,563 1,609 2,034 2,758 2,887 3,125 3,093 1,123 1,705 1,793 1,202 Foreign bank 12,057 821 4,778' 1,112 1,091 432 400 1,447 378 238 313 302 745 Other deposits 19,265 224 7,2oG 57 2,275 2,524 366 321 840 320 232 71 4,747 Total deposits 2,202,535 133,053 1,046,541 119,755 148,104 57,799 45,967 294,609 57,117 38,907 69,164 44,571 146,918 Deferred availability items 294,679 33,664 77,472 25,i4i 29,134 21,799 7,931 34,991 13,874 7,055 15,156 11,094 17,368 Capital paid in 153,339 10,911 59,172 16,145 14,221 5,170 4,861 16,966 4,456 2,920 4,068 3,912 10,537 Surplus 259,421 20,039 75,077 26,486 27,640 11,483 10,449 38,411 10,025 6,356 8,124 7,624 17,707 All other liabilities 37,672 985 11,258 2,321 3,205 1,571 2,764 6,666 1,302 1,667 813 2,291 2,829 TOTAL LIABILITIES 5,772,451 398,963 1,858,863 442,463 513,7^0 209,379 180,5071104,927 187,256 136,217 192,145 107,005 44o,986 Reserve ratio (per cent) 58. M 63.9 54.7 54.1 58.2 58.3 51.8 72.8 55.1 45.1 54.; 51.9 53.4 Contingent liability on bills purchased for foreign correspondents 55,009 4,182 17,923 5,667 5,557 2,201 2,036 7,373 1,926 1,210 1,596 i,54l 3,797 FEDERAL RESERVE HOTE STATEMENT Federal reserve notes: Issued to F.R.Bank by F.R.Agent 3,071,449 221,555 662,763 266,296 304,910 116,53s 127,539 749,485 108,870 81,998 103,931 43,027 284,537 Held by Federal reserve bank 246,644 21,244 73,420 13,711 13,474 4,981 19,004 3$,201 8,388 2,686 9,111 5,514 38,910 In actual circulation 2,824,805 200,311 589,343 252.5S5 291,436 111,557 108,535 713,284 100,482 79,312 94,820 37,513 245,627 Collateral held by agent as security for notes issued to baa Gold and gold certificates 1,039,927 47,010 431,677 76,320 71,970 12,920 13,500 249,945 20,810 12,635 9,880 12,260 81,000 Gold fund - F. R. Board 1,037,265 116,217 72,000 74,080 117,000 56,780 42,500 365,000 41,300 24,200 49,800 11,125 67,263 Eligible paper 411,358 18,083 88,506 60,965 32,591 28,093 31,119 30,889 10,535 12,780 20,25s 15,798 61,741 U. S. Gov't, securities 594,800 4o,6oo 72,000 55,000 85,000 19,000 41,000 108,000 36,300 32,900 26,000 4,000 75,000 Total collateral 3,083,350 221,910 664,183 266,365 306,561 116,793 128,119 753,834 108,945 82,515 105,938 43,183 285,004 MATURITY DISTRIBUTION OF BILLS AHD SHORT TERM SECURITIES 91 days tc Total -Within 1^ days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 426,704 295,875 32,797 51,812 34,461 11,242 517 Bills bought in open market 35,433 8,111 8,529 8,447 10,346 Certificates and bills 1,049,475 65,44l 179,425 217,690 112,100 73,025 401,794 Municipal warrants 6,051 5,684 I37 35 19$ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis