H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOB THE PRESS Released for publication B-801 Friday morning, Sept. 2; Federal Reserve Board not earlier. September 1, 1932. C0I3DITI01J OF FEDERAL RESERVE BAMICS The daily average volume of Federal reserve bank credit outstanding during the week ending August 31» as reported by the Federal reserve banks, was $2,331,000,000, a decrease of $5,000,000 compared with the preceding week and an increase of $1,107,000,000 compared with the corresponding week in 1931» On August 31 total reserve bank credit amounted to $2,331»000*000, an increase of $10,000,000 for the week4 This increase corresponds with, increases of $7,000,000 in money in circulation, $4,000,000 in member bank reserve balances and $3,000,000 in unexpended capital funds, honnember deposits, etc*, and a decrease of $19,000,000 in Treasury c/rirrency, adjusted* offset in part by an increase of $22,000,000 in monetary gold stock* Holdings of discounted bills increased $3>0001000 at the Federal Reserve Bank of San Francisco, $2,000,000 at Philadelphia and $6,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $1,000,000 and of Treasury certificates and bills $14,000 j 000* while holdings of United States Treasury notes increased *1"),000,0004 Changes in.t%o amount of reserve bank credit outstanding and in related items during the week and the year ending August < 1932* v/ere as follows: Increase or decrease since Aug. 31 Aug. 24 Sept. 2 1932 1932 1931 (In millions of dollars) + 6 + 176 Bills discounted 433 Bills bought 3^ 1 - 164 U. S. Government securities 1.852 + 1 +1,124 - 26 Other reserve bank credit 12 + 4 {{ TOTAL RESERVE BAHC CREDIT 2,331 + 10 +1,110 Monetary gold stock 4,086 + 22'f - 912 Treasury currency adjusted 1,803^ 0 .19 ^ + 43 - Money in circulation 5,691 JJ + 7 * + 656 Member bank reserve balances 2,l46 + 4 - 228 Unexpended capital funds,nonmember deposits,etc. 381 + 3 - 187 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Heleased for publication Triday morning. September 2,1932: not earlier. B-801a RESOURCES A!!) LIABILITIES OF THE TTSLVE FEDERAL RESERVE 3A"1S COMBIMD (In thousands of dollars) >2 Aug. 24.1932 Sent. 2.1931 R E S O U R C ES 2,051,761 2,077,192 2,164,613 Gold with Federal reserve agents . . .. 58,861 29,889 57,665 Gold redemption fund with U.S.Treasury . Gold held exclusively against F.R.notes 2,139/429 2,136,053 2,194,502 236,79S 430,354 Gold settlement fund with F.R. Board . , 273,4s6 380,542 840,104 Gold and gold certificates held by banks 360,0% 2,772,961 2,753,393 3,464,960 Total gold reserves . . .. 206,702 206,016 167,953 Reserves other thai" gold Total reserves 2,979,663 2,959,409 3,632,918 71,170 72,097 ITon-reserve cash 75,H9 Bills discounted: 154,186 107,959 Sec. by U.S. Government obligations . 157,545 275,211 §2,518 149,326 Other bills discounted 6,704 257,285 Total bills discounted . . .. 432,756 35,433 197,868 Bills bought in open market 34,095 U. S. Government securities: 420,365 292,137 420,955 Bonds 380,721 18,973 395,974 Treasury notes 1,049,475 416,998 1,034,753 Certificates and bills 1,851,061 728,108 Total U.S. Government securities 1,551,715 6,252 6,051 5,915 Other securities 2,319,249 1,139,513 Total bills and securities . . 2,324,454 2,668 17,913 2,665 Due from foreign banks 15,016 14,622 F.R. notes of other banks 15,082 293,841 445,260 Uncollected items 312,272 58,121 59,086 55,121 Bank premises 46,050 33,933 All other resources . . 47,613 5,515,022 5,772,451 5,464,415 TOTAL RESOURCES L I A B I L I T I ES 2,514,020 2,824,805 1,958,203 F.R. notes in actual circulation . . . Deposits: 2,373.917 2,141,701 Member bank - reserve account . . . . 2,146,183 29,512 39,857 Government 59,429 178,136 14,157 12,057 Foreign bank 21,455 19,265 24,871 Other deposits 2,241,234 2,202,535 2,616,731 Total deposits . . 294,679 431,864 Deferred availability items . 308,796 153,339 167,079 153,099 Capital paid in 259,421 274,636 259,421 Surplus 37,672 15,852 35,402 All other liabilities . . .. 5,515,022 5,772,451 5,464,415 TOTAL LIABILITIES Ratio of total reserves to deposit and 58.9f» 79.4# F. R. note liabilities combined 53.956 Contingent liability on bills purchased 55,009 230,004 for foreign correspondents # • • • • 49,043 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES A1ID LIABILITIES OF THE FEDERAL RESERVE BAMS OH AUGUST 31, 1932 R E S O U R C ES (In thousands of dollars) B-801b Total Boston *Je-7 York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,051,761 153,127 516,296 151,000 158,970 69,300 53,500 617,3^5 60,760 36,835 56,630 25,685 142,263 Gold redemption fund with U.S.Treasury 57,668 3,101 12,242 6,309 6,189 2,46l 3,639 8,586 2,022 2,281 2,657 1,1^7 7,014 Gold held exclusively against F. R. notes 2,139,429 166,228 523,533 157,309 195,159 71,761 57,139 625,931 62,782 39,116 59,337 26,852 149,277 Gold settlement fund with F.R.Board 273,486 12,443 102,7;2 6,77s 19,172 9,377 7,845 62,235 5,504 9,470 10,005 6,817 20,392 Gold and gold certif. held by banks 360,o46 16,515 225,80b 6,384 18,357 7,533 8,545 29,652 5,913 3,572 10,652 3,951 23,160 Total gold reserves 2,772,961 195,126 857,136 170,471 232,6S& 88,671 73,529 712,468 74,199 52,164 79,994 37,620 192,835 Reserves other than gold 206,702 13,499 55,622 34,823 19,322 8,570 5,344 26,643 9,592 4,239 6,209 7,462 10,371 Total reserves 2,979,663 213,685 912,752 205,294 252,010 97,241 75,273 745,111 23,797 56,403 26,203 45,032 203,206 ?Ton-re serve cash 75,H9 5,465 19,058 3,684 4,035 4,153 5,452 13,291 3,976 1,940 2,391 3,232 2,330 Bills discounted: Secured by U.S.Govt, obligations 157,545 7,795 54,689 19,684 14,932 4,344 5,102 9,9H 6,492 1,235 1,755 22,,333344 2299,,226666 Other bills discounted 275,211 9,659 35,737 43,254 18,615 21,830 23,223 21,365 5,127 12,294 12,677 13.414 46,9 66 Total bills discounted 432,756 17,454 90,476 62,932 33,547 26,174 33,331 31,276 11,619 13,529 20,432 15,748 76,232 Bills bought in open market 34,09s 2,343 11,066 3,253 3,102 2,641 1,206 4,423 1,007 631 391 877 2,653 U. -S. Government securities: Bonds 420,988 20,350 190,274 31,229 36,491 9,64s 9,733 40,775 13,939 17,263 11,776 1144,,224422 2255,,2266ss Treasury notes 395,974 22,722 151,521 32,114 42,124 11,136 11,181 50,965 15,513 11,125 13,511 4,396 29,166 Certificates and bills 1,034,753 73,156 369.497 75,932 99,667 26,349 26,031 123,470 36,704 26,324 31.930 11,523 69,010 Total U.S. Govt, securities 1,851,715 121,228 711,292 139,325 178,282 47,133 46,945 275,210 66,156 54,712 57,267 30,721 123,444 Other securities 5,915 - 4,l6s 1,603 - - — — - l44 - - - Total bills and securities 2,324,484 141,025 317,002 207,119 214,931 75,948 81,482 310,914 72,782 69,016 72,590 47,346 202,329 Due from foreign banks 2,66s 211 960 237 269 106 92 373 18 11 77 74 is4 F. R. notes of other banks 15,082 340 4,302 306 1,015 1,182 769 1,752 1,049 515 217 262 2,267 Uncollected items 312,272 37,741 91,992 26,963 27,820 23,628 7,994 35,766 13,371 7,372 15,623 11,540 12,396 Bank premises 58,121 3,336 14,817 2,901 7,968 3,617 2,489 7,223 3,461 1,235 3,649 1,727 4,433 All other resources 47,613 l,4o6 23,859 727 1,183 3,223 3,719 2,470 1,131 1,522 348 1,307 1,153 5,815,022 403,209 1,390,254 447,281 509,286 209,09s 180,8821117,505 185,585 132,674 188,258 110,642 434,348 TOTAL RESOURCES Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AH) LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 31, 1932 L I A B I L I T I ES (In thousands of dollars) B-801c Total , Boston Mew York Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 2,814,020 200,850 593,551 251,407 289,533 107,848 107,878 706,730 100,277 79,571 94,255 37,530 244,590 F.R.notes in actual circulation Deposits: 2,146,183 128,805 1,029,105 119,074 140,502 49,864 42,737 306,031 51,336 38,097 64,323 43,233 133,076 Member bank - reserve account 59,429 2,964 18,366 4,896 3,428 6,124 3,048 5,816 2,i4I 2,425 1,034 2,663 6,524 Government 14,187 947 5,791 1,283 1,258 498 46i 1,669 436 274 361 349 860 Foreign bank 21,485 72 8,57s 420 1,865 3,903 372 277 997 265 177 104 4,455 Other deposits Total deposits 2,241,284 132,788 1,061,84o 125,673 147,053 60,389 46,618 313,793 54,910 4i,o6l 65,895 46,349 144,915 308,796 37,625 89,262 25,253 27,643 22,648 8,170 34,647 14,637 7,065 15,134 12,975 13,737 Deferred availability items 153,099 10,876 59,031 16,098 14,221 5,172 4,851 16,963 4,456 2,917 4,066 3,911 10,537 Capital paid in 259,421 20,039 75,077 26,486 27,640 11,483 10,449 38,4ii 10,025 6,356 8,124 7,624 17,707 Surplus All other liabilities 38,402 1,031 11,493 2,364 3,196 1,553 2,916 6,961 1,280 1,704 784 2,253 2,862 5,815,022 403,209 1,890,254 447,281;509,286 209,098 180.882V.17.505 185,585 138,674 188,25s 110,642 434,348 TOTAL LIABILITIES Eeserve ratio (per cent) 58.9 64.0 55.1 54.4 57.7 57.8 5l.l 73.0 54.0 46.8 53.8 53.7 52.2 Contingent liability on bills purchased for foreign correspondents 49,043 3,687 16,344 4,997 4,900 1,941 1,795 6,501 1,698 1,067 1,407 1,358 3,348 FEDERAL RESERVE FOTE STATEMENT Federal reserve notes: Issued to F.R.Bank by F.R.Agent 3,051,999 221,362 660,353 264,019 302,772 Ii4,6ij0 125,700 742,616 109,310 81,921 103,596 42,733 282,977 Held by Federal reserve bank 237.979 20,512 66.802 12,612 13,239 6,792 17,822 35,886 9,033 2,350 9,34l 5,203 38,387 In actual circulation 2,814,020 200,850 593,551 251,407 289,533 107,848 107,878 706,730 100,277 79,571 94,255 37,530 244,590 Collateral held by agent as security for notes issued to bank Cold and gold certificates 1,081,996 47,010 464,296 79,320 71,970 12,920 13,500 252,345 20,860 12,635 9,880 12,260 85,000 G-old fund - F. R. Board 999,765 116,117 52,000 71,680 117,000 56,380 40,000 365,000 39,900 24,200 46,800 13,425 57,263 Eligible paper 416,786 17,412 87,975 62,340 33,442 27,581 32,009 31,073 11,037 12,828 20,365 15,682 65,042 U. S. Sev't. securities 578,100 41,100 64,000 51,000 85,000 19,000 4i,ooo 100,000 37,600 32,900 28,000 1,500 77,000 Total collateral 3,076,647 221,639 668,271 264,340 307,412 115,881 126,509 748,418 109,397 82,563 105,045 42,867 284,305 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES 91 days to Dotal Wi thin 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months 432,756 304,870 33,378 49,502 33,623 10,833 550 Bills discounted Bills bought in open market 34,098 10,009 9,438 3,836 10,815 Certificates and bills 1,034,753 166,891 49,502 236,791 116,350 37,675 427,544 Municipal warrants 5,915 5,534 172 25 184 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis