H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATELIEST FOR THE PRESS Released for publication B-S01 Friday morning, March 3; Federal Reserve Board not earlier March 2, 1933. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal reserve "bank credit outstanding during the week ending March 1, as reported by the Federal reserve banks, was $2,5^5,000,000, an increase of $317,000,000 compared with the preceding week and of $o'57,00Q,000 compared with the corresponding week in 1932. On March 1 total reserve bank credit amounted to $2,936,000,000, an increase of $585,000,000 for the week. This increase is largely accounted for by an increase of $732,000,000 in money in circulation and a decrease of $116,000,000 in monetary gold stock, offset in part by a decrease of $233»OOO OOO in member bank reserve f balances and an increase of $37,000,000 in Treasury currency, adjusted. Holdings of discounted bills increased $217,000,000 at the Federal Reserve Bank of New York, $71,000,000 at Philadelphia, $3^,000,000 at Cleveland and $3^5,000,000 at all Federal reserve banks. The Systemfs holdings of bills bought in open market increased $20U,000,000, while holdings of United States Treasury notes increased $5,000,000 and those of Treasury certificates and bills declined $3,000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending March 1, 1933> were as follows: Increase or decrease since Mar, 1 Feb. 21 Mar. 2 1933 1933 1932 (in millions of dollars) Bills discounted - lib +385 Bills bought +20U* + 26S U. S Government securities 4-1,076 # Other reserve bank credit 21 TOTAL RESERVE. BAM CREDIT 2,336 +585 +1,207 Monetary gold stock 4,34); -lib 6 Treasury currency adjusted 1.515 + 37 + ' 124 Money in circulation 6,720 +73- +1,137 Member bank reserve balances 2,03s -233 + 136 Unexpended capital funds,nonrnember deposits, etc 436 +5 + 51 *Feb 21 figures revised. a Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, March 3,1933; not earlier. B-801c RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BASKSCOMB DIED (in thousands of dollars) . March 1,1933 Feb. 21,1933 March 2,1932 R E S O U R C ES Gold with Federal reserve agents . . .. 2,180,967 2,367,937 2,056,147 Gold redemption fund with U.S.Treasury . 87,^:5 48,756 54,744 Gold held exclusively against F.R.notes 2,2OSJ462 . 2,416,743 2,110,891 Gold settlement fund with F.R. Board . . 385,672 437,943 278,531 Gold and gold certificates held by banks 237,9^9 263,707 549,552 Total gold reserves 2,892,083 3,118,393 2,938,974 186,251 Reserves other than gold 174,1454 206,381 Total reserves 3,066,537 3,304,644 3,145,355 73,549 Fon-reserve cash . . 67,880 73,586 Bills discounted: 105,102 Sec. by U.S. Government obligations 4-18,921 462,142 222,036 366,260 Other bills discounted 293,470 Total bills discounted . . .. 712,391 327,138 82S.402 Bills bought in open market 383,666 *179.576 115,640 U. S. Government securities: 318,686 Bonds 420,832 421,021 452,661 Treasury notes 457,880 79,501 Certificates and bills 957,251 960,551 361,768 Total U.S. Government securities 1,835,963 1,834,233 759,955 Other securities 4,697 6,073 4,719 Total bills and securities 2,936,739 * 2,34^ ,''44 1,710,070 8,605 Due from foreign banks 3,515 3,498 11,083 13,289 14,880 Uncollected items 400,335 333,656 384,984 Bank premises 53,962 53,962 57,821 39,730 All other resources . . . .. 4 . .. . 54,082 52,998 5,434,994 TOTAL RESOURCES . . . .. 6,594,133 •6,151,277 L I A B I L I T I ES F. R. notes in actual circulation . . . 3,579,522 3,000,248 2,638,488 Deposits: Member bank - reserve account . . .. 2,038,228 2,271,129 1,902,13s Government 27,766 40,729 36,875 Foreign bank 41,956 60,799 16,392 Other deposits 49,240 26,741 21,696 Total deposits 2,157,190 2,399,398 1,977,101 Deferred availability items 404,198 • 331.695 375,058 156,665 Capital paid in 150,474 150,303 Surolus 273,599 278,599 259,421 All other liabilities 24,321 20,863 28,261 TOTAL LIABILITIES 6,-594,133 •6,181,277 5,434,994 Ratio of total reserves to deposit and F. R. note liabilities combined . . 53.51° 61.256 68. Contingent liability on bills purchased 29,39s for foreign correspondents 3300,,228844 331111,,664400 •Revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AM) LIABILITIES OF THE FEDERAL RESERVE BAMS 01 MARCH 1, 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 2,180,967 159,027 436,117 109,500 209,1+70 97,495 57,720 676,750 115,250 45,990 85,280 35,605152,763 3,662 Gold redemption fund with U.S.Treas. 87,495 2l+,378 9,1+90 9,825 3,283 '3,958 16,282 1,773 2,491+ 2,337 1,210 8,803 Gold held exclusively against F. R. notes 2,268,1+62 162,689 1+60,1+95 118,990 219,295 100,778 61,678 693,032 117,023 1+8,1+3!+ 87,617 36,815 161,566 Gold settlement fund with F.R.Board • 385,672 25,116 122,667 16,752 33,621 11,656 6,661 80,391 22,312 13,81+6 19,015 19,119 14,516 12,857 127,702 6,983 6,306 6,1+1+2 1,626 27,226 Gold and gold certif. held "by "banks 237,9^9 17,192 6,818 19,679 3,133 1,985 Total gold reserves 2,892,083 200,662 710,861+ ll+2,725 270,108 118,740 75,157 793,102 11+2,1+68 61+,315 113,074 57,560 203,308 Reserves other than gold 17l+,l+5l+ 16,01+9 62,072 20,746 8,073 7,958 l+,86l 21,827 ;5»922 3,014 6,278 7,746 9.908 Total reserves 3,066,537 216,711 772,936 163,1+71 278,181 126,698 80,018 8li+,929 11+8,390 67,329 H9,352 65,306 213,216 17,616 3,727 3,160 15,903 2,657 2,230 3,066 Fon-reserve cash 67,880 1+.1+00 3,362 2,532 2,248 6,979 Bills discounted: Secured by U.S.Govt, obligations 1+18,921 5,366 218,51+8 73,552 37,057 22,103 3,089 26,553 3,563 612 2,062 1,509 24,907 62,069 53,1+1+1+ 19,605 17,123 Other bills discounted 293,^70 10,365 42,579 21,991+ 3,1+28 10,120 14,389 3,912 34,44-2 Total bills discounted 712,391 15.731 280,617 126,996 79,636 1+1,708 25,083 43,676 6,991 10,732 16,451 5,421 59,3% 383,666 89,262 19,716 7,960 16,101 Bills bought in open market 1+6,827 12,205 19,595 85,474 17,987 9,599 3,360 55»580 U. S. Government securities: Bonds 1+20,832 21,798 171,786 28,81+9 36,361 9,918 10,039 55,352 13,957 17,263 11,759 18,020 25,730 Treasury notes 1+57,880 27,516 162,077 33,260 47,435 12,936 13,072 72,200 17,555 12,688 15,112 10,1+63 33,566 Certificates and bills 957,251 63,798 286,51+8 65,032 92,744 25,295 25,546 223,523 34,320 24,812 29,549 20,1+57 65,627 Total U.S.Govt, securities 1,835,963 113,112 620,1+11 127,141 176,51+0 1+8,11+9 48,657 351,075 65,832 54,763 56,420 4S,94O 124,923 Other securities 4,719 — 4,191 525 — — — — — 3 — — — Total bills ana securities 2,936,739 175,670 991+,1+Sl 274,378 264,136 102,062 93,335 1+30,225 90,810 81,599 82,470 57,721 239 352 Dae from foreign banks 3,515 269 1,296 387 31+s 137 123 1+80 15 10 102 102 246 620 F. R. notes of other banks 11,083 275 2,880 272 959 524 2,343 982 390 752 197 889 Uncollected items 1+00,335 Ui+,659 139,026 31,1+38 1+3,01+2 30,183 8,789 33,481+ 15,998 7,396 18,572 10,053 17,695 Bank premises 53,962 3,280 12,818 3,106 6,929 3,237 2,1+22 7,595 3,285 1,746 3,559 1,741 4,244 All other resources 5l+,082 761 28,393 4,1+80 1,992 3,181+ 5,1+1+8 1,727 1,135 2,010 1,312 1,535 2,105 TOTAL RESOURCES 6,594,133 41+6,025 1,969,1+1+6 1+81,259 598,9^9 262,557 193,915 1,356,686 263,272 162,728 228,31+9 139,721 1+85,226 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AMD LIABILITIES OF THE FEDERAL RESERVE BAMS ON MARCH 1, 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. Kans.Cy» Dallas San Fran. 156,250 126,601 920,23s 287,050 FF..RR..nnootteess iinn aaccttuuaall cciirrccuullaattiioonn 3,579,522 215,877 798,264 287,893 382,847 153.3^ 95,279 113,199 42,684 DDeeppoossiittss:: MMeemmbbeerr bbaannkk -- rreesseerrvvee aaccccoouunntt 2,038,22s 149,723 837,677 110,577 107,101 6l,o44 35,993 333,056 69,438 >+7,047 82,129 70,372 13M71 27,766 451 216 16 354 110 Government 847 24,624 71 152 564 78 283 Foreign bank 41,956 3,236 12,435 4,654 4,388 1,729 1,551 5,762 1,507 1,019 1,286 1,286 3,103 22 160 Other deposits 49,2*0 15,153 3^7 5,558 3,590 793 5,55^ £,774 725 10,093 2,157,190 153,828 116,029 117,263 66,434 344,726 Total deposits SS9,889 38,353 77.871 ^9,355 83,964 71,928 147,550 Deferred availability items 404,198 44,451 132,573 31,573 5 M 72 24,663 10,892 33,209 16,410 7,040 17,888 11,568 19,259 Capital paid in 150,303 10,789 58,409 15,935 13,93^ 5,135 4,690 16,007 4,320 2,866 4,027 3,796 10,395 Surplus 278,599 20,460 85,05s 29,242 28*294 11,616 10,544 39,^97 10,186 7,019 8,263 8,719 19,701 All other liabilities 24,321 620 5,253 587 1*939 4,459 2,835 3,009 1,145 1,169 1,008 1,026 1,271 TOTAL LIABILITIES 6,59^,133 446,025 1,969,1+46 1+81,259 598,9^9 268,557 193,915 1,356,686 263,272 162,728 228,349 139,721 485,226 Reserve ratio (per cent) 53.5 58.6 45.8 4o.5 55.6 56.9 1+8.5 64.4 64.2 46.6 60.5 57.0 49.1 Contingent liability on "bills purchased for foreign correspondents 29,398 2,189 9,^28 3,148 2,968 1,169 1,049 3,898 1,020 690 870 870 2,099 FEDERAL RESERVE NOTE STATEMENT Federal reserve notes: Issued to F.R.Bank by F.R.Agent 3,865,116 236,054 868,665 298,253 393,470 164,754 146,607 989,302 162,963 97,397 124,631 ^7,819 335,201 70,401 10,360 10 ,.623 20,006 69,064 9.623 2,118 11,432 Held by Federal reserve bank 285,594 20,177. 5,135 48,151 In actual circulation 3,579,522 215,877 798,264 287,893 382,847 156,250 126,601 920,238 153,31+0 95,279 113,199 42,684 287,050 Collateral held by agent as security for notes issued to bank 257,750 21,050 13,105 72,500 Gold and gold certificates 835,532 47,010 220, 117 7^,700 71,^70 2l,64o 14,720 10,990 10,480 Gold fund - F. R. Board 1,3^5,^35 112,017 216, 000 3M00 138,000 75,855 ^3,000 419,000 94,200 35,000 74,800 22,500 80,263 Eligible paper 1,032,589 60,430 35*+, 3 27 134,109 84,700 52,662 41,734 124,005 23,750 25,091 22,143 7,580 102,058 000 55,000 100,000 15,000 47,500 191,000 24,200 26,900 18,000 4,900 80,400 U. S. Gov't, securities 661,900 17,000 82, Total collateral 3,875,456 236,457 872,444 298,609 39M70 165,157 146,954 991,755 163,200 97,981 125,423 48,085 335,221 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 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 712,391 585,190 28,255 43,672 43,Q02 9,842 1,530 Bills bought in open market 383,666 68,122 75,533 110,198 128,883 930 Certificates and bills 957,251 141,231 33,750 89,601 215,697 165,625 3H,3^7 Municipal warrants ^,719 4,694 25 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis