H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMEITT FOR THE PRESS Released, for publication B-S01 Friday morning, Hov. 4; Federal Reserve Board not earlier. ITovember 3, 1932# COITDITIOH OF FEDERAL RESERVE BAMS The daily average volume of Federal reserve bank credit outstanding during the week ending November 2, as reported by the Federal reserve banks, was $2,228,000,000, an increase of $9,000,000 compared i/ith the preceding week and of $5^»000,000 compared with the corresponding week in 1931. On November 2 total reserve bank credit amounted to $2,226,000,000, an increase of $5,000,000 for the week. This increase corresponds with increases of $32,000,000 in money in circulation and $10,000,000 in unexpended capital funds, nonmember deposits, etc., offset in part by a decrease of $28,000,000 in member bank reserve balances and increases of $9,000,000 in monetary gold stock and $2,000,000 in Treasury currency, adjusted. Holdings of discounted bills increased $3,000,000 at the Federal Reserve Bank of Cleveland mid 54,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market and of United States securities were practically unchanged. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending November 2, 1932, were as follows: Increase or decrease since ITov. 2 Oct. 26 Hov. 4 1932 1932 1931 (in millions of dollars) Bills discounted 326 + 4 - 379 Bills bought 34 - 60S U. S. Government securities 1,8R1 +1,123 Other reserve bank credit 15 + 1 - 19 TOTAL RESERVE BA11E CREDIT 2,226 + 5 + 117 Monetary gold stock 4,266 + 9 45 Treasury currency adjusted 1,907 + 2 + l4o Money in circulation 5,616 +32 + 73 Member tank reserve balances 2,384 -28 + 262 Unexpended capital funds,nonmemb er deposits,etc 397 +10 - 125 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, November 4,1932; not earlier. B-SOla HE-SOURCES ALT' D LIABILITIES OF THE T1ELVE FEDERAL RESERVE BANKS COMBIFED (in thousands of dollars) Fov. 2, 1932 Oct. 26,1932 Nov. 4, 1931 R E S O U R C ES Gold with Federal reserve agents . . .. 2,207,934 2,204,064 1,592,166 Gold redemption fund with U. S. Treasury 43,102 43,746 70,545 Gold held exclusively against F.R.notes 2,251,036 2,247,810 1,662,711 Gold settlement fund with F. R. Board . 335,26s 315,031 359.379 Gold and gold certificates held by banks 417,343 429,782 750,656 Total '"old reserves . . .. 2,992,623 3,003,647 2,772,746 Reserves other than gold 196,582 198,809 160,639 Total reserves . . . 3,191,432 3,200,229 2,933,335 Eon-reserve cash 85,171 74,459 62,410 Bills discounted: Sec. by U.S. Government obligations 107,622 111,544 343,692 0t.aer bills discounted 218,422 210,778 361,532 Total bills discounted . . .. 322,322 326,044 705,224 Bills bought in open market 642,033 34,053 33.695 U. S. Government securities: Bonds 420,651 420,811 316,963 Treasury notes 362,874 363,881 26,951 Certificates and bills 1,067,258 1,066,257 383,662 Total U.S. Government sec-urities 1,850,783 1,850,949 727,576 Other securities . . .. 5,425 5,425 30,194 Total bills and securities 2,216,305 2,212,391 2,105,027 Due from foreign banks 2,873 2,868 9,297 F. R. notes of other bn >s . . , 13,l4o 18,321 16,842 Uncollected items 361,411 332,923 433.774 Bank premises 58,137 58,137 59,339 All other resources 36,824 38,872 44,846 TOTAL RESOURCES 5,963,378 5,940,115 5,664,970 L I A B I L I T I ES F. R. notes in actual circulation 2,700,818 2,688,871 2,447,069 Deposits: Member bank - reserve account . 2,384,097 2,411,946 2,122,145 Government 31,305 28,078 30,481 Foreign bank 9,888 9,852 131,431 Other deposits 28,389 20,117 35.214 Total deposits 2,453,679 2,469,993 2,319,271 Deferred availability items 355,005 326,987 439,217 Capital paid in 152,105 152,303 164,507 Surplus 259,421 259,421 274,636 All other liabilities . . . 42,350 42,540 20,270 TOTAL LIABILITIES 5,963,378 5,940,115 5,664,970 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 62.156 61.9/0 61.5$ Contingent liability on bills purchased for foreign correspondents 105,470 38,847 37.993 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AM) LIABILITIES OF THE FEDERAL RESERVE BAMS Olf NOVEMBER 2, 1932 R E S O U R C ES (in thousands of dollars) B-801ti :: zz&zzrz ^ *.% ^ ^ , . Total Boston Fan Yori: Phila. Clove. Rich. Atlanta Chicago St.Louls Minn. Kans.Cyl Dallas San Tran. Gold, held exclusively against ^ ' ' l l l i il 1:1 II >1 IS IS S IS -:S 1:2 IS s - i ' «s ..... SSKST* 3S3S3SS tsi %:£ 1;§ 'IS IS \Si t-S « «!•% "»XtS*tS 1:: ::: »;5 i£ e: .3Si=» |i i g.fa i sg imiiai 209 s l ip 1113133111333 liliz 19'001 720 1,201 3,069 3,7l4 1,716 1,045 1,774 "'37!+ 1,270 1.123 TOTAL RESOURCES 5,.yb3,37S 4iS,3S4 2,030,399 433,863 501,095 208,153 172,2503,141,862 129,684 139,706 187,089 112,695 428,198 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

resource n •I'D LIAEI'VITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 2, 1932 L I A B I T I E S (in thousands of dollars) B--801c Total Boston Nev; York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 2,700,818 197,286 583,912 237,355 272,503 100,929 99,718 670,752 101,296 79,005 89,783 37,924 230,355 Deposits: Member bank - reserve account 2,384,057 137,858 1,174,887 120,721 144,334 52,781 42,270 368,540 54,017 39,754 63,058 44,981 140,896 Government 31,305 2,638 8,656 1,779 3,764 3,965 1,507 1,89s 1,452 1,637 1,202 1,171 1,636 Foreign bank 9,883 787 2,911 1,066 1,046 4i4 383 1,387 362 228 300 290 714 Other deposits 28,389 45 16,047 lol 2,210 2,279 1,171 JOL .222 iZL 294 42 4.623 Total deposits 2,453,679 141,328 1,202,501 123,727 151,354 59,439 45,331 372,132 56,770 41,890 64,854 46,484 147,869 Deferred availability items 355,005 47,737 94,410 27,423 31,841 29,669 9,150 39,325 15,850 7,742 19,437 13,923 18,498 Capital paid in 152,105 10,870 59,009 16,106 14,217 5,169 4,685 16,271 4,405 2,913 4,057 3,898 10,505 Surplus 259,421 20,039 75,077 26,486 27,640 11,483 10,449 38,4ll 10,025 6,356 8,124 7,624 17,707 All other liabilities 42,350 1,124 15,490 2,766 3,540 1,464 2,917 4,971 1,338 1.800 834 2,842 3.264 TOTAL LIABILITIES 5,963,378 418,384 2,030,399 433,863 501,095 208,153 172,2503,141,862 189,684 139,706 187,089 112,695 428,198 Reserve ratio (per cent) 62.1 73.4 59.2 56.7 57.3 60.6 55.5 75.9 57.3 48.0 53.5 51.0 53.7 Contingent liability on bills purchased for foreign correspondents 38,847 2,937 12,797 3,981 3,904 1,546 1,430 5,179 1,353 850 1,121 1,082 2,667 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.Bank by F.R.Agent 2,918,711 218,772 646,786 249,044 282,982 107,683 116,751 698,804 108,520 81,674 100,907 43,487 263,301 Held by Federal reserve bank 217,893 21,486 62,874 11,689 10,479 6,754 17,033 28,052 7,224 2,669 11,124 5,563 32,946 In actual circulation 2,700,818 197,286 533,912 237,355 272,503 100,929 99,718 670,752 101,296 79,005 89,783 37,924 230,355 Collateral held by agent as security for notes issued to banks Gold and gold certificates 1,071,819 47,010 439,724 78,490 71,470 12,920 13,500 261,970 21,360 13,935 9,680 12,260 89,500 Gold fund - F. R. Board 1,136,115 148,817 164,000 73,180 103,000 57,080 43,000 377,000 43,300 22,500 46,800 10,175 47,263 Eligible paper 309,485 12,285 62,191 47,900 30,110 20,613 20,791 18,054 8,926 10,097 15,773 8,302 54,443 U. S. Gov't, securities 439,100 10,900 50,000 85,000 18,000 42,000 47,000 35,000 35,400 30.000 12,800 73,000 Total collateral ?,956,519 219,012 665,915 249,570 289,580 108,613 119,291- 704,024 108,586 81,932 102,253 43,537 264,206 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES To tal Within 15 days lb to 30 days 31 to 60 days 6l to 90 days Over 6 months b months Bills discounted 326,044 237,414 25,973 33,709 19,704 8,014 1,230 Bills bought in open market 34,053 5,142 5,516 11,893 11,502 Certificates and bills •,067,258 109,100 120,250 68,600 126,064 330,044 313,200 uni cipal varrants 5,425 4,669 507 50 199 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis