H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE TEE PRESS Released for publication B-SOl Friday morning, Oct. 21; Federal Reserve Board not earlier. October 20, 1932. CONDITION OF FEDERAL RESERVE BAEKS The daily average volume of Federal reserve bank credit outstanding during the week ending October 19, as reported by the Federal reserve banks, was $2,235i000,000, practically the same as the preceding week and $43,000,000 below the corresponding week in 1931• On October 19 total reserve bank credit amounted to $2,219»000,000, a decrease of $1^,000,000 for the week. Shis decrease corresponds with decreases of $30,000,000 in money in circulation and $15,000,000 in unexpended.capital funds, nonmomber deposits, etc., and increases of $19,000,000 in monetary gold stock and $30*000,000 in Treasury currency, adjusted, offset in part by an increase of $80,000,000 in member bank r0serve balances. Holdings of discounted bills decreased $6,000,000 at the Federal Reserve Sank of San Francisco, and $14,000,000 at all Federal reserve banks. The System's holdings of Treasury certificates and bills increased $38,000,000 while holdings of United States Treasury notes decreased by the same amount. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending October 19, 1932, were as follows: Increase or decrease since Oct. 19 Oct. 12 Oct. 21 1932 1932 1931 (in millions of dollars) Bills discounted 314 -14 324 •— Bills bought 34 + l - 735 U- 3 . Government securities 1,851 —— + 1, 1 24 Other reserve bank credit 21 - l 23 - TOTAL RESERVE BAEK CREDIT 2,219 -15 _ 19 Monetary gold stock 4,227 +19 110 Treasury currency adjusted 1,893 +30 + 124 Money in circulation 5,621 -30 + 116 Member bank reserve balances 2,326 J 50 Unexpended capital funds,nonmember deposits, etc. 393 -15 171 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 21,1932; not earlier. B-SOla RESOURCES AM) LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBIFED (in thousands of dollars) Oct. 19,1932 Oct. 12,1932 Oct. 21,1931 R E S O U R C ES Gold with Federal reserve agents . . . 2,211,864 2,198,090 1,537,885 47,610 68,127 Gold redemption fund with U.S.Treasury 47,573 2,245,700 1,606,012 Gold held exclusively against F.R.not 2,259,437 299,056 339,691 Gold settlement fund with F.R. Board . 304,922 Gold and gold certificates held by barks 391,246 387,202 818,414 Total gold reserves 2,955,605 2,931,95s 2,764,117 Reserves other than gold 196,523 192,073 163,277 Total reserves . . . 3,152,128 3,124,031 2,927,394 Eon-reserve cash . 80,879 73,476 69,149 Bills discounted: Sec. by U.S. Government obligations 98,127 103,286 300,064 Other bills discounted 215,412 224,381 398,247 327,667 698,311 Total bills discounted 313,539 33,27s 769,066 Bills bought in open market . . . .. 33,583 U. S. Government securities: Bonds 420,863 420,76s 316,470 352,086 390,57s 22,828 Treasury notes , Certificates and bills 1,078,050 1,039,550 387,706 Total U.S.Government securities 1,850,999 1,850,896 727,004 Other securities 5,437 5,422 30,017 Total bills and securities , 2,203,558 2,217,263 2,224,398 Due from foreign banks . . . . . .. 2,69s 2,69s 3,760 F. R. notes of other banks 15,900 15,358 16,931 Uncollected items . . . 404,398 378,192 483,455 Bank premises 58,135 58,134 59,382 45,251 All other resources . . . . . . . .. 38,012 37,633 5,827,102 TOTAL RESOURCES 5,955,708 5,914,403 L I A B I L I T II 2,383,362 F. R. notes in actual circulation 2,717,430 2,737,843 Deposits: Member bank - reserve account . 2,325,546 2,245,791 2,275,506 Government 27,164 50,058 24,492 Foreign bank 10,280 8,177 160,910 2.8,820 Other deposits 53,071 46,350 Total deposits . 2,391,810 2,357,097 2,507,258 Deferred availability items . . , 364,264 478,116 391,777 Capital paid in 153,018 153,040 164,668 Surplus . . . .. 259,421 274,636 259,421 All other liabilities 42,252 42,738 19,062 TOTAL LIABILITIES . . . 5,955,708 5,914,403 5,827,102 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 61.7# 61.3/0 59.9 fo Contingent liability on bills purchased for foreign correspondents 41,766 45,227 68,335 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 19, 1932 R E S O U R C ES (in thousands of dollars) B-SOlb Total Boston New York phila. CIeve. Rich. Atlanta Chicago St .Louis Minn. Kans. Cy. Dallas San Fran. Gold with Federal reserve agents 2,211,864 169,42? 603,724 151,500 174,470 72,000 6l,000 647,970 64,4bO 37,835 58,480 21,735 149,263 Gold redemption fund with U.S.Treasury 4?,573 3,150 5,503 5,470 5,908 2,113 3,325 7,730 1,766 2,308 2,415 1,253 6,632 Gold held exclusively against F. R. notes 2,259,437 172,577 609,227 156,970 180,378 74,113 64,325 655,700 66,226 4o,l43 60,895 22,988 155,895 C-old settlement fund with F .R.Board 304,922 12,351 106,577 12,018 24,201 4,66s 4,446 34,853 9,257 7,496 10,53% 6,727 21,729 Gold and gold certif. held by banks 391,246 17,533 256,182 7,329 19,395 8,150 8,818 25,683 5,954 3,852 11,184 4,201 22,965 Total gold reserves 2,955,605 202,461 971,986 176,317 223,974 86,931 77,589 766,241 81,437 51,491 82,613 33,916 200,649 Reserves other than gold 196,523 13,209 57,267 28,127 16,295 8,399 5,072 28,495 8,191 3,893 5,242 7,318 10,015 Total reserves 3,152,12s 220,670 1,029,253 204,444 240,269 95,330 82,661 794,736 89,628 55,384 87,855 41,234 210,664 Non-reserve cash 80,879 5,479 21,944 4,905 4,432 3,440 5,455 14,986 3,652 2,297 2,992 3,075 8,222 Bills discounted: Secured by U.S.Govt, obligations 98,127 3,777 30,606 13,100 12,764 2,808 2,15s 5,827 4,295 1,060 911 720 20,101 Other bills discounted 215,412 8,844 29,693 35,735 17,539 16,343 17,737 12,294 4,648 10,979 15,368 9,051 37,181 Total bills discounted 313,539 12,621 60 , 299 48,835 30,303 19,151 19,895 18,121 8,943 12,039 16,279 9,771 57,282 Bills bought in open market 33,583 2,353 10,277 3,232 3,116 2,157 2,477 4,149 1,009 634 895 865 2,419 U. S. Government securities: Bonds 420,863 20,348 188,228 31,173 36,492 9,649 9,585 40,776 13,941 17,3^0 11,776 lb,287 25,2o8 Treasury notes 352,086 20,105 133,454 28,408 37,261 9,851 9,731 45,532 13,722 9,850 11,951 6,421 25,800 Certificates and bills 1,078,050 80,774 392,110 79,688 104,529 27,633 27,299 176,002 38,493 27,608 33,525 18,013 72,376 Total U.S.Govt. securities 1,850,999 121,227 713,792 139,269 178,282 47,133 46,615 262,310 66,156 54,798 57,252 40,721 123,444 Other securities 5,437 —— 3,933 1,322 182 — — — —— Total bills and securities 2,203,55s 136,201 788,301 192,658 211,701 bS,44l 68,987 284,580 76,108 67,653 74,426 51,357 183,145 Due from foreign banks 2,698 212 987 287 269 106 99 374 17 11 77 75 184 F. R. notes of other banks 15,900 279 4,491 615 852 1,35% 803 2,095 788 716 1,337 387 2,183 Uncollected items 404,398 47,412 106,980 33,919 37,656 34,094 11,009 46,754 17,-624 9,507 22,436 14,578 22,429 Bank premises 58,135 3,336 14,817 2,915 7,968 3,617 2,489 7,828 3,461 1,835 3,649 1,787 4,433 All other resources 38,012 1,361 19,786 741 1,226 3,087 3,768 1,897 1,055 1,619 888 1,286 1,298 TOTAL RESOURCES 5,955,708 414,950 1,986,559 440,484 504,373 209,469 175,2711,153,250 192,333 139,022 193,660 113,779 432,558 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

LTABILITIES OF THE FEDERAL RESERVE BANKS OH OCTOBER 19, 1932 w_g l RESOURCES AHD 0 c L I A B I L I T I ES Total Boston 2,717,430 195,502 F.R.notes in actual circulation "S •':• !'7 i If i3313 Deposits: 2,325,546 133,826 Member bank - reserve account 27,164 2,685 Government 10,280 628 Foreign bank 16,095 182 2,222 2,621 500 ^ 2 28,820 244 Other deposits 2,391,810 137,323 Total deposits l l f l i l S I I il 391,777 46,954 Deferred availability items 153,018 10,870 Capital paid in 259,421 20,039 Surplus 42,252 1,202 All other liabilities f rF 1 k *° V TOTAL LIABILITIES 5,95c9 , 1 08 414,950 61.7 65.7 Reserve ratio (per cent) 1,565 984 1,297 1,252 3,086 Contingent liability on bills pur- 4,606 4,517 1,739 1,654 57,992 41,766 3,399 11,625 chased for foreign correspondents :"f™ ti£ FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: 103 2,957,817 220,197 %•?& W? *'M Issued to F.R.Bank by F.R.Agent 240,387 21,695 Held by Federal reserve bank =0,236 91,154 37,834 232,152 2,717,430 193,502 In actual circulation Collateral held by agent as security for notes issued to banks 111 illtlilljlliilipi 1,068,749 47,010 439, Gold and gold certificates 1,143,115 122,417 164, Gold fund - F . R. Board 297,791 12,532 57, Eligible paper 464,500 '33,300 U.S.Gov't, securities 620 253,211 2S9,7'42 109,034 120,385 712,905 109,273 83,802 104,549 43,594 2=5,781 ' Total collateral 2,974,155 220,259 661, MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to Over 6 months 16 to 30 days 31 to 60 days 6l to 90 days 6 months Total Within 15 days 961 6,657 25,165 36,222 21,253 223,281 Bills discounted 313,539 4,118 7,405 15,955 Bills bought in open market 33,533 6,105 237,157 431,088 109,100 120,249 125,450 ,078,050 55,000 Certificates and bills 425 ~ 222 Municipal warrants 5,437 4,790 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis