H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STAT3KEFT FOR THE PRESS Released for publication B-801 Friday morning, Jan. 13; Federal Reserve Board not earlier. January 12, 1933* 001T3ITI02I OF FEDERAL RESERVE BATCCS The daily average volume of Federal reserve ba^k credit outstanding during the week ending January 11, as reported "by the Federal reserve banks, was $2,146,000,000, a decrease of $6,000,000 compared with the preceding week and an increase of $25^,000,000 compared with the corresponding week in 1932. On January 11 total reserve bank credit amounted to $2,106,000,000, a decrease of $58,000,000 for the week. This decrease corresponds with a decreas© of $80,000,000 in money in circulation and increases of $25,000,000 in monetary gold stock and $12,000,000 in Treasury currency, adjusted, offset in part by an increase of $60,000,000 in member bank reserve balances. Holdings cf discounted bills declined $4,000,000 at the Federal Reserve Bank of San Francisco and $3,000,000 at all Federal reserve banks. The Systems holdings of bills bought in open market and of United States Government bonds show little change for the week, while holdings of United States Treasury notes increased $5,000,000 and those of Treasury certificates and bills decreased $44,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending January 11, 1933» were as follows: Increase or decrease since Jan. 11 Jan. 4 Jan. 13 1933 I933 1932 (In millions of dollars) 3ills discounted 2^8 — 3 - 570 !3ills bought 32 1 - 182 - U. S. Governnent securities 1,812 - 39 +1,062 Other reserve bank credit 13 - 16 - 37 TOTAL HESUHVS BA^S CE3DIT 2,106 58 + 272 Monetary gold stock 4,5^9 + 25 + 92 Treasury currency adjusted 1,910 + 12 + 132 Money in circulation 5.589 _ 80 - 30 Member banl: reserve balances 2,57*+ + 60 + 580 Unexpended capital funds,noaxnember deposits,etc. 402 - 54 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, January 13,1933; not earlier. B-301c RESOURCES ATD LIABILITIES 01 THE TWELVE FEDERAL RESERVE BAMS C0HBI1TED (In thousands of dollars) Jan. 11,1933 Jan. M933 Jan. 13>1932 R E S O U R C ES Gold with Federal reserve agents • . . 2,3^5,320 2,344,625 2,074,369 # Gold redemption fund with U.S.Treasury . 39,7^2 40,496 58,3^2 Gold held exclusively against F.R.no tes 2,385,062 2,385,121 2,132,711 Gold settlement fund with F. R. 3oard . 342,098 405,282 385,583 Gold and gold, certificates held by banl:s 432,189 445,137 483,542 Total gold reserves . . 3,173,356 3,001,836 3,222,533 Reserves other than gold . . . . . .. 179,928 186,045 195,112 Total reserves . . 3,353,284 3,187,881 3,417,6^5 Hon-reserve cash . 82,554 78,415 91,647 Bills discounted: Sec. by U.S. Government obligations 66,590 •71,172 437,3^8 Other bills discounted . . . . . .. 151,561 *179,93Q 380,993 Total bills discounted , 2'4S,151 251,102 818,341 Bills bought in open market 32,362 32,617 213,801 U. S. Government securities: Bonds 4.20,763 420,901 320,267 Treasury notes 301,406 296,414 30,596 Certificates and bills 1,090,219 1,133,595 400,712 Total U.S. Government securities 1.812.3C8 1,850,910 751,575 Other securities . 5,102 29,732 Total bills and securities . 2,09s,003 2,139,847 1,813,449 61,128 Gold held abroad 51,091 Dae from foreign banks . . 2,982 2,977 8,063 F. B. notes of other banks 17,735 18,368 17,951 458,654 Uncollected items 339,550 439,210 Bank premises 53,380 53,844 57,811 All other resources . 40,394 39,606 33,931 DOTAL RESOURCES 6,113,143 6,209,629 5,637,728 L I A B I L I T I ES a> £ R. notes in actual circulation , . . 2,687,024 2,737,656 2,635,766 Deposits: Member bank - reserve account . . .. 2,573,944 2,514,451 1,99^,3^7 Government 21,430 23,848 32,638 Foreign "bank 20,629 18,853 75,129 Other deposits 28,468 30,224 27,996 Total deposits 2,644,471 2,587,376 2,130,110 Deferred availability items 33^,256 >+38,053 427,469 Capital paid in 151,309 151,332 159,836 Surplus 278,599 278,599 259,421 All other liabilities . .. 16,613 25,126 17,484 TOTAL LIABILITIES . . .. 6,113,143 6,299,629 5,637,728 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 64.1* 63.0* 66.9* Contingent liability on bills purchased for foreign correspondents 39,932 ^0,157 285,l4l •Revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL TSESERVE BASKS OH JA1IUARY 11, 1933 R E S O U R C ES (In thousands of dollars) B-801b Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,345,320 188,827 601,535 156,000 187,970 70,000 58,500 656,910 76,155 *1,040 62,480 23,640 182,263 Gold redemption fund with U.S.Treasury 39,7*2 2,072 5,812 5,359 5,692 1,865 2,857 3,361 1,505 2,204 2.095 1,353 5.567 Gold held exclusively against F. R. notes 2,385,062 190,899 607,347 161,359 193,662 71,865 61,357 700,271 77,660 43,21+1* 64,575 24,993 187,830 Gold settlement fund with F.R. Board 405,282 17,269 139,991 19,952 33,634 11,769 8,195 108,262 14,156 8,701 13,305 7,081 22,961 Gold and gold certif. held by banks 432,189 14,905 309,356 7.908 18,692 3,440 8.975 26.275 2.723 2.551 8.'492 4.045 24.827 Total gold reserves 3,222,533 223,073 1,056,694 189,225 245,988 87,074 78,527 834,808 9*,539 5*,*96 86,372 36,119 235,618 Reserves other than gold 195,112 17,792 59,*13 20,520 12,477 9,808 5,727 28,559 9,*77 *,798 7,290 8,517 10,73* Total reserves 3,*17,6*5 240,865 ]L , 116,107 209,745 258,465 96,882 84,254 863,367 io4,oi6 59,29* 93,662 44,636 246,352 *Ton-reserve cash 91,647 6,333 26,648 M36 5,212 *,157 5,456 16,610 3,919 2,474 3,o4s 3,929 9,225 Bills discounted: Secured by U.S.Govt, obligations 6666,,559900 3,727 2277,,449922 11,031 7,722 1,893 1,764 3,8** 4,808 313 468 357 3,171 Other bills discounted 181,561 8,772 3i,070 35,585 1*,592 13,831 15,164 12,113 3,526 10,001 10,859 *,1*7 21,901 Total bills discounted 248,151 12,499 58,562 46,616 22,314 15,724 16,92s 15,957 8,33* 10,314 11,327 4,504 25r072 Bills bought in open market 32,362 2,161 10,027 3,115 2,921 1,790 3,039 3,848 946 64o 856 856 2,163 U. S. Government securities: Bonds ^20,763 20,303 187,054 31,123 36,431 9,632 9,5*7 in, 279 13,916 17,198 11,755 17,300 25,225 Tree-sury notes 301,406 16,791 120,343 23,778 31,189 8,246 8,146 35,3*2 ll,4s6 8,237 10,003 6,249 21,596 Certificates and bills 1,090,219 57,329 411,747 81,188 106,491 28,153 27,811 180.929 39.218 28,126 34.156 21.336 73,735 Total U. S. Govt, securities 1,812,388 94,423 719,144 136,089 17*,ill 46,031 45,504 257,550 64,620 53,561 55,91* 44,885 120,556 Other securities 5,102 — 3,711 1,000 — — — — — 391 — — — Total bills and securities 2,058,003 109,083 791,444 186,820 199,346 63,5*5 65,471 277,355 73,900 64,906 68,097 50,245 1*7,791 Gold held abroad 51,091 — 51,091 — — —— Due from foreign banks 2,982 228 1,095 328 295 116 io4 4o6 16 11 87 87 209 F., H. notes of other banks 17,951 228 6,656 387 967 1,828 97* 2,214 1,072 633 1,263 264 I,*65 Uncollected items 339,550 38,180 101,986 26,296 30,482 26,760 10,275 37,225 14,616 7,857 17,078 11,772 17,023 Bank premises 53,880 3,280 12,818 3,024 6,929 3,237 2,422 7,595 3,285 1,7*6 3,559 1,7*1 4,244 All other resources 40,39* 648 21,096 1,136 1,963 3,06S 4,116 l,*97 1,027 1,811 961 i,4o6 1,665 TOTAL RESOURCES 6,113,143 398,845 2,128,941 432,372 503,659 199,593 173,072^06,269 201,851 138,732 187,755 n*,080 *27,97* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JANUARY 11, 1933 L I A B I L I T I ES (In thousands of dollars) B-SOlc Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. F.R.notes in actual circulation 2,687,024 190,571 562,137 231.322 281,906 98,594 96,761 686,003 105,313 81,052 90,1*00 37,916 225,01+9 Deposits: Member bank - reserve account 2,573,944 135,006 1,300,852 127,518 11+2,191 51,761+ 1+5,1+88 1+15,303 60,030 37,057 65,814 1+6,868 11+6,053 Government 21,1130 1,825 2,970 1,153 1,5^2 1,603 423 3,725 2,397 1,352 97S 1,961+ 1,1+98 Foreign "bank: 20,629 1,421 7,660 2,01+5 1,92s 759 082 2,531 662 44s 565 565 1,363 Other de-00sits 28,468 W. 9,901 131 2,658 l,12l+ 3,597 2,576 376 173 652 M96 Total deposits 2,61+1+,1+71 133,991 1.321.3S3 130,81+7 11+7,806 56,781+ 1+7,717 1+25,156 65,665 39,233 67,530 50,01+9 153,310 Deferred availability items 33^,256 37,1+21+ 98,951 2l+,718 29,781+ 25,781+ 10,1+1+2 36,73^ ,15,385 7,567 16,702 12,381+ 18,381 Capital paid in 151,309 10,856 58,619 16,01+2 ll+,099 5,159 l+,732 16,157 4,360 2,586 4,052 3,920 10,1+27 Surplus 278,599 20,1+60 85,058 29,21+2 28,294 11,616 10,544 39,497 10,186 7,019 8,263 8,719 19,701 All other liabilities 17,484 543 2,793 201 1,770 1,656 2,576 2,722 942 975 S08 l,0j2 1,106 TOTAL LIABILITIES 6,113,143 398,845 2,128,941 432,372 503,659 199,593 173,072i206,269 201,851 138,732 187,755 114,080 427,974 Reserve ratio (per cent) 64.1 73.1 59.3 57.9 60.1 62.4 58.3 77.7 60.8 ^9.3 59.3 50.7 65.1 Contingent liability on bills p'jrchased for foreign correspondents 39,932 2,87b 13,697 4,136 3,900 1,536 1,379 5,121 1,339 906 1,142 1,142 2,758 FEDERAL RESERVE "TOTE STATEMENT Federal reserve notes: Issued to F.R.Bank by F.R. Agent 2.929,953 210,427 642,187 245,257 293,717 106,080 114,995 721,936 113,525 83,753 97,885 41,956 258,235 Held by Federal reserve bank 242,929 19,856 80,050 13,935 11,811 7,486 18,234 35,933 8,212 2,701 7,485 4,o4o 33,186 In actual circulation 2,687,024 190,571 562,137 231,322 281,906 98,594 96,761 686,003 105,313 81,052 90,400 37,916 225,049 Collateral held by agent as security for notes issued to banks Gold and gold certificates 1,111,675 47,010 472,535 78,290 71,470 18,345 14,000 264,910 23,655 13,540 10,680 12,240 85,000 Gold fund - F. R. Board 1,233,645 141,817 129,000 77,710 116,500 51,655 44,500 432,000 52,500 27,500 51,800 11,400 97,263 Eligible paper 232,679 12,477 55,7^2 46,480 22,274 16,335 17,-38 15,713 8,167 8,581 10,547 4,162 14,763 U. S. Gov't, securities 384,400 9,900 43,000 85,000 20,000 40,000 15,000 29,300 34,700 25,000 14,500 65,000 Total collateral 2,962,399 211,204 84,321 101,027 42,302 262,026 657,277 2l+5,4S0 295,244 106,335 115,938 727,623 113,622 MATURITY DISTRIBUTION OF BILLS AND SHORT TERLS1E CURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 248,151 170,733 21,085 26,976 18,526 9,332 1,499 Bills bought in open market 32,362 6,064 6,489 11,818 7,991 Certificates and bills 1,090,219 119,758 62,975 1^3,550 213,031 263,263 287,642 Municipal warrants 5,102 4,089 1,000 13 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis