H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-EOl Saturday morning, Nov. 2b; Federal Reserve Board not earlier. November 2^, 19^2. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending November 23, as reported by the Federal reserve banks, was $2,209, 000,000, an increase of $^,000,000 compared with the preceding week and of $248,000,000 compared with the corresponding week in 1931• On November 23 total reserve bank credit amounted to $2,201,000,000, a decrease of $7,000,000 for the week. This decrease corresponds with an increase of $36,000,000 in monetary gold stocl^ offset in part by increases of $6,000,000 in money in circulation and $18,000,000 in unexpended capital funds, nonmember deposits, etc., and a decrease of $4,000,000 in Treasury currency, adjusted. Holdings of discounted bills, of bills bought in open market, and of United States Government securities were practically unchanged from a week ago, Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending November 23, 1932, were as follows: Increase or decrease since rOV. 23 !Tov. l6 Ho v. 25 1932 1932 1931 (In :m illions of dollars) Bills discounted 30S + 1 - 37S Bills bought 35 - 445 U. S, Government securities 1,351 +1,124 Other reserve bank credit 0 - S - 39 TOTAL RESERVE BANK CREDIT 2,201 - 7 + 260 Monetary gold stock 4,320 +36 89 Treasury currency adjusted 1,925 - 4 + 151 Money in circulation 5,535 + 6 + 156 2,400 + 283 Member bank reserve balances — — , HlO +12 - 117 Unexpended capital funds,nonmember deposits,etc. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Saturday morning, November 26,1932;not earlier. B-801a RESOURCES A>TD LIABILITIES OF T-I5 TTELYE FEDERAL RESERVE BA2ECS C0I3INED (in thousands of dollars) Nov. 23,1952 Nov. 16,1932 Nov. 25,1931 R E S O U R C ES Gold with Federal reserve agents 2,230,351 2,241,169 1,717,376 Gold redemption fund with U.S.Treasury . . 1+0,013 42,106 70,581 Gold held exclusively against 7.R.notes 2,270,3b9 2,283,275 1,787,957 Gold settlement fund with F, R. Board . . 321,867 339,487 379,798 Gold and gold certificates held by banks . 443,296 421,927 760,943 Total gold reserves 3,027,069 2,928,69s 3,053,152 Reserves other than gold 188,871 192,382 165,702 Total reserves 3,242,023 3,219,451 3,094,400 Foii-reserve cash 74,001 75,817 66,655 Bills discounted: Sec. by U.S. Government obligations . . 105,304 101,293 338,638 Other bills discounted 202,216 205,879 347,763 Total bills discounted . . . 307,520 307,172 6s6,4oi Bills bought in open market 34,646 34,524 479,798 U. S. Government securities: Bonds . 420,713 420,693 316,557 Treasury notes 368,677 368,384 19,951 Certificates and bills 1,061,359 1,061,657 390,593 Total U.S. Government securities . . . 1,850,749 1,850,734 727,101 Other securities 5,350 5,569 32,209 Total bills and securities . . . . . 2,198,265 2,197,999 1,925,509 Due from foreign banks 2,781 2,749 8,729 F. R. notes of other banks i4,no 14,310 16,537 Uncollected items . . . . . . .. 333,500 439,203 412,993 Bank premises 58,169 58,169 59,475 All other resources 39,259 38,157 41,267 TOTAL RESOURCES 5,962,108 6,045,855 5,625,565 L I A B I L I T I ES F. R. notes in actual circulation 2,694,428 22,,669999,,774477 22,,444455,,772266 Deposits: Member bank - reserve account . . . . .. 2,400,351 2,399,722 2,117,437 Government 26,036 25,942 27,545 Foreign bank 29,869 10,922 145,056 Other deposits 22,739 22,445 24,768 Total deposits 2,478,901 2,459,125 2,315,506 Deferred availability items 333,630 431,775 406,571 Capital Daid in . 151,969 151,993 163,674 Surplus 259,421 259,421 274,636 All other liabilities 43,759 43,794 19,452 TOTAL LIABILITIES 5,962,108 6,045,855 5,625,565 Ratio of total reserves to deposit and F. R. note liabilities combined . . . . 62.7 fo 62.4fo 65.0> Contingent liability on bills purchased for foreign correspondents . . . . . .. 33,458 34,954 117,650 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AITD LIABILITIES OF THE FEDERAL RESERVE BAIHS Oil FOVEIBER 23, 1932 R E S O U R C ES (In thousands of dollars) B-801b Total Boston Few York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with federal reserve agents 2,230,351 183,22? 606,731 150,000 178,4/0 70,500 54,500 648,770 69,590 36,885 59,480 23,935^8,263 Gold redemption fund with U.S.Treasury 40,018 1,849 4,302 5,310 5,647 2,031 3,128 4.099 l,64l 2,279 2,253 1,328 6,151 Gold held exclusively against F. R. notes 2,270,369 185,076 611,033 155.310 184,117 72,531 57,623 652,869 71,231 39,164 61,733 25,263 154,Hi4 Gold settlement fund with F.R.Board 339.^8/ 1^,99% 102,208 14,539 31,313 8,4/8 5,214 9^,9^1 9,294 10,181 13,605 6,527 28,193 Gold and gold certif. held "by hanks 443,296 15,387 308,270 8,167 19,417 8.624 9.123 27.325 5,932 2,330 10,581 4,16/ , 23,973 Total gold reserves 3,053,152 215,457 1,021,511 178,016 234,84/ 89,633 /l,965 775,135 86,45/ 51,6/5 85,919 35,957 206,580 Reserves other than gold 188,8/1 16,803 57,064 23,845 12,142 8,669 5,191 28,528 9,4l4 4,948 5,694 7,1/6 9,397 Total reserves 3,242,023 232,260 1,0/8,5/5 201,861 246,989 98,302 //,156 803,663 95,8/1 56,623 91,613 43,133 215,9// ^on-reserve cash /4,ooi 3,822 18,212 4,126 3,799 3,133 5,845 14,257 4,060 2,039 2.Z93 3,057 8,858 Bills discounted: Secured by U.S.Govt, obligations 105,304 4,626 33,859 13,493 8,567 1,850 2,468 5,292 3,844 977 1,190 638 28,500 i Other bills discounted 202,216 8/895 29,605 36,099 18,664 16,106 18,340 12,26/ 4,0/4 11.367 12,65/ 6,9/8 2/,164 Total bills discounted 30/,520 13,521 63,464 49,592 2/,231 17,956 20,808 17,559 7,918 12,344 13,84/ 7,616 55,664 Bills bought in open market 34,646 2,338 10,335 3,169 3,097 1,945 3,663 4,122 1,008 634 8S9 85S 2,588 U. S. Government securities: Bonds 420,/13 20,334 iS/,/16 31,1/1 36,492 9,649 9,5/2 40,7/6 13,940 17,21s 11,774 16,801 25,2/0 Treasury notes 3b8,6// 20,252 i4/,942 28,6l6 37,536 9,923 9,804 45,83s 13,823 9,921 12,039 6,994 25,939 Certificates and bills 1,061,359 56,12/ 400,134 79,4s2 104,254 27,561 2/,226 1/5,596 38,393 27,536 33,439 19,426 Z2.1S5 Total U.S. Govt, securities 1.S50./49 96,/13 735,792 139,269 1/8,282 47,133 46,602 262,210 66,156 54,675 57,252 43,221 123,444 4,051 1,04/ 252 Other securities 5.350 Total bills and securities 2,198,265 112,572 813,642 193,0// 208,610 6/,034 71,0/3 283,391 75,082 67,905 71,988 51,695 181,696 Due from foreign banks 2,781 229 934 310 291 115 106 403 19 12 83 81 198 F.R. notes of other banks 14,110 286 3,663 42/ 979 1,093 8 50 2,507 1,185 548 713 310 1,549 Uncollected items 333,500 38,1// 91,179 29,220 30,710 26,519 9,682 38,941 14,397 8,166 17,818 12,264 16,42/ Bank premises 58,169 3,336 14,81/ 2,947 7,968 3,619 2,489 7,828 3,461 1,835 3,649 1,78/ 4,433 All other resources 39,259 1,000 20,/0/ 1,187 1,425 3,001 3,868 1,567 1,306 1,839 872 1,31/ 1,1/0 TOTAL RESOURCES 5,962,108 391,682 2,04i,/29 433,155 500,//l 202,816 1/1,0691153,05/ 195,381 138,96/ 189,529 113,644 430,30s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES A7D LIABILITIES OF THE FEDERAL RESERVE BAli.ZS Oil H0VBMB3R 23, 1932 L I A B I L I T I ES (in thousands of dollars) Total Boston ]"ew York phila. Cleve. Rich. Atlanta Chicago St.Louis Ilinn. Kans.Cy. Dallas San Fran. F. R. notes in actual circulation 2,694,428 191,97s 578,591 238,240 277,799 100,4o6 97,242 670,564 101,037 79,027 90,530 39,334 229,680 Deposits: Member "bank - reserve account 2,400,351 126,280 1,194,677 117,770 139,71s 51,855 41,919 378,938 59,600 38,209 64,793 44,596 141,996 Government 25,942 1,162 8,376 1,253 1,594 3,009 2,112 355 1,109 1,820 1,379 1,422 2,351 Foreign bank 29,869 1,91s 12,062 2,599 2,54s 1,009 934 3,381 883 555 732 707 1,741 Other deposits 22,739 51 9,559 214 2,991 1,80I 625 430 1,375 336 516 38. 4.723 Total deposits 2,473,901 129,411 1,225,474 121,836 146,851 57,754 45,590 383,104 62,967 40,920 67,420 46,763 150,811 Deferred availability items 333,630 33,259 87,650 27,572 30,593 26,555 10,134 39,543 15,572 7,928 17,975 13,616 18,233 Capital paid in 151,969; 10,857 58,985 16,093 14,215 5,172 4,682 16,211 4,403 2,904 4,057 3,899 10,491 Surplus 259,421 20,039 75,077 26,456 27,640 11,483 10,449 38,411 10,025 6,356 8,124 7,624 17,707 AH other liabilities 43,759 1,138 15,952 2,92s 3,673 1,446 2,972 5,224 1,377 1,832 2,408 3,386 TOTAL LIABILITIES 5,962,108 391,682 2,041,729 433,155 500,771 202,316 171,0693,153,057 195,381 138,967 189,5 ?Q 113,644 430,30£ Reserve ratio (per cent) 62.7 72.3 59.8 56.1 58.2 62.2 54.0 76.3 58.5 47.2 58.0 50.1 56.8 Contingent liability on bills purchased for foreign correspondents 33,458 2,685 9,650 3,63s 3,568 1,413 1,307 4,734 1,236 777 1,024 989 2,437 FEDERAL RESERVE 1T0TE STATEMENT Federal reserve notes: Issued to F.R.Bank by F.R.Agent 2,919,768 208,547 651,264 251,19b 239,865 107,091 115,233 700,843 108,842 81,803 98,485 45,746 260,550 Held by Federal reserve bank 225,340 16,569 72,673 12,95b 12,066 6,685 17,991 30,279 7,805 2,776 7,958 6,412 31,170 In actual circulation 2,694,428 191,973 573,591 233,240 277,799 100,406 97,242 670,564 101,037 79,027 90,530 39,334 229,680 Collateral held by af ent as security for notes issued to banks Gold and gold certificates 1,075,806 47,010 447,731 78/490 71,470 12,920 13,500 261,770 21,090 13,885 9,650 12,260 86,000 Gold fund - F. R. Board 1,154,545 136,217 159,000 71,K-10 107,000 57,580 4l,ooo 387,000 43,500 23,000 49,800 11,675 62,263 Eligible paper 291,742 13,433 61,037 49,259 27,194 18,655 21,51s 17,350 7,769 . 9,974 13,317 7,527 44,654 U.S. Gov't securities 429,900 11,900 53,000 85.000 18,000 41.000 42.000 11.600 ^.900 27.0 JO 14.500 70,000 Total collateral 2,951,993 203,615 667,76s 252,259 290,664 107,155 117,018 708,120 108,959 82,759 99,797 45,962 262,917 MATURITY DISTRIBUTION OF BILLS AFD SHORT TERM SECURIr IES 91 days to Total Within 15 days lb to 30 days 31 to 60 days 6l to 90 days 6 months Over 6 months Bills discounted 307,520 223,026 23,870 30,746 19,429 8,934 1,515 Bills bought in open market 34,646 9,047 9,283 8,300 8,016 Certificates and bills 1,061,359 69,000 177,564 127,375 367,219 320,201 Municipal warrants 5,350 5,058 10 282 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis