H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE P3ESS Heleased for publication B-S01 Friday morning, Feb. 3; Federal Reserve Board not earlier. February 2, 1933 CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve bank credit outstanding during the week ending February 1, as reported by the Federal reserve banks, was $2,079t000,000, practically the same as during the preceding week, and an increase of $21+9,000,000 compared with the corresponding week in 1932, On February 1,total reserve bank credit amounted to $2,070,000,000, an increase of $3,000,000 for the v/eek A decrease of $75,000,000 in member bank re- # serve balances was offset by increases of $Ul,000,000 in money in circulation and $2,000,000 in unexpended capital funds, nonnember deposits, etc., and decreases of $27*000,000 in Treasury currency, adjusted, and $8,000,000 in monetary gold stock. Holdings of discounted bills increased 000,000 at the Federal Reserve Bank of San Francisco and at all Federal reserve banks. The System's holdings of bills bought in open market and of United States bonds show no change for the week, while holdings of United States Treasury notes increased $1^,000,000 and holdings of Treasury certificates and bills declined by a like amount. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending February 1, 1933f as follows: Increase or decrease since Feb. 1 Jan. 25 Feb. 3 1933 1933 1932 millions of do Bills discounted + 4 Bills bought 31 - 125 U. S. Government securities 1.76* + 1 +1,015 Other reserve bank credit _ 1+2 7 TOTAL RESERVE BANK CREDIT 2,070 + 3 + 260 Monetary gold stock - s + 1U2 Treasury currency adjusted 1,325 -27 + 99 Money in circulation 5,652 + 41 + 21 Member tank reserve balances 2,1+33 - 75 + 501 Unexpended capital funds,noranember deposits,etc U13 + 2 - 20 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES A1ID LIABILITIES OF THE FEDERAL RESERVE BAMS OH FEBRUARY 1, 1933 R E S O U R C ES (In thousands of dollars) B-SOlb. Total Boston Hew York Phila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Saii tfr&n. Gold with Federal reserve agents 2,4l4,852 200,327 577,747 l6S,S00 125,970 77,900 6l,900 712,910 106,305 1+5,290 7^,505 19,935 182,76} Gold redemption fund with U.S.Treasury 37,148 1,902 5,338 4,395 5,538 1,719 3,250 2,917 1,405 2,156 l9S5 1,293 5,230 t Gold held exclusively against F. R. notes 2,1+52,000 202,229 583,085 173,195 191,528 7799,,661199 6655,,115500 715,827 108,210 4477,,444466 7766,,449900 21,228 187,993 Gold settlement fund with F.R.Board 427,Hl5 30,9^9 122,163 28,795 33,972 13,H5 7,279 112,73*+ 13,597 10,320 19,632 10,036 24,773 Gold and gold certif. held by banks 375,759 ll+,S2S ; 260,059 7,816 18,654 2,973 8,699 25,030 2,1+56 1,953 7,670 2,760 22,856 Total gold reserves 3,255,17*+ 2Us,00o 965,307 209,806 244,154 95,712 81,128 353,591 124,263 59,719 103,792 34,074 235,622 Reserves other than geld 201,1+13 18,172 64,580 21,105 14,128 10,256 5,773 26,830 9,35*+ 4,3^6 7,133 8,632 11,104 3,456,537 266,1781,029,887 230,911 258,282 105,96s 36,901 880,421 133,617 64,065 110,925 42,706 246,726 Total reserves "on-reserve cash 73,796 6,472 20,762 4,047 4,525 3,693 ^,372 14,804 3,662 2,220 2,373 4,033 7,833 Bills discounted: Secured "by U.S.Govt, obligations 66,737 3,586 25,714 10,161 7,138 1,729 1,581 44,,iioo44 2,912 355 735 333 8,339 Other bills discounted 201,953 8,342 31,85s 34,962 18,316 14,520 18,111 i4,oi4 3,352 9,9*+3 11,988 3,786 32,261 Total bills discounted 268,690 11,928 57,572 45,123 25,454 16,249 19,692 18,118 6,764 10,298 12,723 4,119 40,650 Bills bought in cpen market 31,338 2,125 9,846 3,063 2,874 1,633 2,637 3,733 947 64o 842 842 2,106 TJ. S. Government securities: Bonds 1+21,173 20,251 187,05s 31,054 36,339 9,607 9,620 >>++11,,117755 13,882 17,387 1111,,882266 1177,,331144 2255,,116600 Treasury notes 333,395 18,641 132,355 26,397 34,625 9,154 9,046 39,235 12,751 9,166 ii,io4 7,446 23,975 Certificates and bills 1,008,547 52,657 379,031 74,569 97,810 25,358 25,5^5 171,092 36,022 25,83^ 31,372 21,032 67,725 Total U.S. Govt, securities 1,763,615 91,5^9 633,444 132,020 168,77*+ 44,619 44,211 251,502 62,655 52,387 54,302 46,292 116,860 Other securities 3,1+15 — 2,877 525 — — — — — 13 — — — Total bills and securities 2,067,058 105,602 763,739 180,731 197,102 62,501 66,540 273,^3 70,366 63,338 67,367 51,253 159,616 Due from foreign banks 3,505 26s 1,289 386 347 137 123 47s 17 11 102 102 245 F. R. notes of other banks 11,835 312 4,228 271 722 704 617 1,993 818 368 357 247 698 Uncollected items 329,504 38,731 97,739 29,850 30,237 25,3^5 8,031 37,734 11,97*+ 6,369 16,232 10,237 16,925 Bank premises 53,880 3,280 12,818 3,024 6,929 3,237 2,422 7,595 3,285 1,746 3,559 1,741 4,244 All ether resources 1+7,811+ 652 22,263 4,497 1,925 3,o4o 5,830 1,530 1,251 1,965 1,209 1,513 2,089 TOTAL RESOURCES 6,o4s,979 421,495 3,957,725 453,717 500,119 20U.625 174,886 1,218,008 224,990 1U0.0S2 203,124 111,832 438,376 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Eeleased for publication Friday morning, February 3»19331 »0,fc earlier. B-SOlc RESOURCES A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE 3AKCS COMBINED (In thousands of dollars) Feb. 1,1953 Jan. 25,1933 Feb. 1932 R E S O U R C ES Gold with Federal reserve agents . . .. 2,4l4,852 2,390,103 2,078,779 Gold redemption fund with U.S.Treasury # 37 f i^ 37,736 56,462 Gold held exclusively against F.R.notes 2,452,000 2/427,839 2,135,241 Gold settlement fund with F. R. Board . 427,415 432,095 320,005 Gold and gold certificates held by "banks 392,767 514,936 375»7W. Total gold reserves 3,255,17*+ 3,258,701 2,970,182 Reserves other than gold . . . . . . .. 201,413 201,498 197,321 Total reserves . . . 3^56,587 3,^60,199 3,167,503 Ilon-reserve cash 72,796 86,443 74,197 Bills discounted: Sec. "by U.S. Government obligations 66,737 68,543 476,002 Other bills discounted . . . . . . .. 201,953 196,155 379,166 Total bills discounted . . . . .. 268,690 • 264,698 855,168 Bills bought in open market 31,33S 31,496 156,100 U. S. Government securities: 3onds ^21,173 420,890 320,207 Treasury notes 319,760 63,020 333,295 Certificates and bills . . . . .. 1,008,547 1,022,661 365,768 Total U.S. Government securities . 1,763,615 1,763,311 748,995 Other securities . . . . . . . . .. . 4,526' 35,952 Total bills and securities . . 2,067,058 2,064,031 1,796,215 Gold held abroad . .. 13,589 .— Due from foreign banks 3,505 3,487 8,611 F. R. notes of other banks . * . . . . 11,835 15,452 l4,600 Uncollected items . . .. 329,504 300,746 376,009 Bank premises 53,880 53,880 57,820 All other resources . 1+7.S1U 46,838 38,436 TOTAL RESOURCES 6,048,979 6,044,665 5,533,391 L I A B I L I T I ES F. R. notes in actual circulation 2,729,971 2,705,667 2,664,003 Deposits: Member bank - reserve account . . .. 2,437,705 2,513,199 1,937,231 Government . . .. 36,520 12,811 31,675 37,542 33,640 61,671 Other denosits 27,972 27,594 23,424 Total deposits 2,539,739 2,587,244 2,054,001 Deferred availability items . . . .. 329,894 301,65s 371,161 Caoital paid in . . . . . . . . . .. 151,086 151,201 158,500 Surplus . . .. . . . . .. 278,599 278,599 259,421 All other liabilities . 19,690 20,296 26,305 TOTAL LIABILITIES 6,048,979 6,044,665 5,533,391 Ratio of total reserves to deposit and F. R. note liabilities combined . # 65.655 S5M 67.1$ Contingent liability on bills purchased for foreign correspondents . . . .. ttoo,, 665555 41,831 317,681 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AMD LlABILIIIES OF THE FEDERAL RESERVE BANKS ON FEBRUARY 1, 1933 L I A B I L I T I ES (in thousands of dollars) B-801c Total Boston New York Phila. CI eve. Rich. Atlanta Chicago St. Louis Minn. Knas.Cy.. Dallas San Fran F.R.notes in actual circulation 2,729,971 186,908 557,297 231,684 275,645 97,156 98,347 695,77^133,326 82,345 97, 653 36,194 237,642 Deposits: Member bank reserve account 2,437,705 156,429 1,130,928 139,281 141,1-46 58,595 44,204 412,724 54,918 37,382 73,078 47,163 141,857 Government 36,520 3,327 1,190 4,576 4,163 2,03 8 2,772 5,574 3,981 2,255 2,077 2,186 2,381 foreign "bank 37,542 2,701 12,897 3,886 3,664 1,443 1,295 4,811 1,258 851 1,073 1,073 2,590 Other deposits 462 iq6 Total deposits 2,539,739 162,578 1,155,494 147,884 150,248 63,962 49,782 426,306 62,547 4o,95o 76,659 50,618 152,711 Deferred availability items 329,894 '40,160 97,010 28,541 30,149 24,814 8,624 37,540 13,400 5,852 15.721 11,289 16,79^ Capital paid in 151,086 10,830 58,603 16,033 14,056 5,158 4,709 16,109 4,351 2,873 4,037 3,913 I0,4i4 Surplus 278,599 20,460 85,058 29,242 28,294 11,616 10,544 39.^97 10,186 7,019 8,263 8,719 19,701 All ether liabilities 19,690 559 4,263 333 1,727 1,919 2,880 2.782 1,180 .1,043 791 1,099 l,ll4 TOTAL LIABILITIES 6.048,979 421,495 1,957,725 453,717 500,119 204,625 17M86 1,218,008 224,990 140,082 203,124 111,832 438,376 Reserve ratio (per cent) 65.6 76.2 60.1 60.8 60.6 65.8 58.7 78.5 68.2 52.0 63.6 49.2 63.2 Contingent liability on bills purchased for foreign correspondents 40,655 2,987 13,4o6 4,296 4,051 1,596 1,432 5.319 1,391 941 1,186 1,186 2,864 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.Bank by F.R.Agent 2,942,459 203,l4i 624,103 24o,6l6 285,969 102,997 116,638 724,900 143,190 84,426 106,844 39,490 270,145 Held by Federal reserve bank 212,488 16,233 66,806 8,932 10,324 5,841 18,291 29,126 9,864 2,081 9,191 3,296 32,503 In actual circulation 2,729,971 186,908 557,297 231,684 275,645 97,156 98,3^7 695,774 133,326 82,345 97,653 36,194 237,642 Collateral held by agent as security for notes issued to bank Gold and gold certificates 1,128,607 47,010 488,747 78,090 71,470 18,745 13.900 263,910 23,405 13,790 10.705 13,335 85,500 Gold fund - F.R. Board 1,286,245 153,317 89,000 90,710 114,500 59,155 48,000 449,000 83,400 31,500 63,800 6,600 97,263 Eligible paper 250,763 11,868 54,250 44,990 25,419 16,688 19,648 17,846 6,3^0 8,982 10,524 3,352 30,356 U. S. Gov't securities 306.800 27.000 75.000 9.000 37,000 3C.100 30,700 22.000 16.000 60.000 Total collateral 2,972,415 212,195 631,997 2^10,790 286,389 103,588 118,548 730,756 143,245 84,972 107,029 39 . 787 273,119 MATURITY DISTRIBUTION OF BILLS ANDS HORT TERM SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days t months Over 6 mcnths Bills discounted 268,690 189,603 20,796 27,747 20,084 9,066 1,394 Bills bought in «pen market 31,338 7,184 5,020 8,654 10,480 Certificates and bills 1, 008,547 82,800 89,950 203,031 203,897 128,526 300,343 Municipal warrants 3,415 3,377 10 3 25 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis