H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMEFT FOB TSS PRESS Released for publication B-S01 Friday morning, April 21; Federal Reserve Board not earlier. April 20, 1933• CONDITION OF FEDERAL RESERVE BAFKS The daily average volume of Federal reserve bank credit outstanding during the week ending April 19, as reported by the Federal reserve banks, was $2,510,000,000, a decrease of $45,000,000 compared with the preceding week and an increase of $797,000,000 compared with the corresponding week in 193 On April 19 total reserve bank credit amounted to $2,^90,000,000, a decrease of $38,000,OCX) for the week. This decrease corresponds with a decrease of $79,000,000 in money in circulation and increases of $20,000,000 in monetary gold stock and $29,000,000 in Treasury currency, adjusted, offset in part by increases of $63*000,000 in member bank reserve balances and $27,000,000 in unexpended capital funds, nonmember deposits, etc.,. Bills discounted declined $12,000,000 at the Federal Reserve Bank of Hew York, $3,000,000 at Philadelphia, and SlU,000,000 at all Federal reserve banks. The System^ holdings of bills bought im open market decreased $39,000,000, while holdings of United States Government securities show little change for the week. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ending .April 19* 1933i were as follows: Increase or decrease since Apr. 19 Aor 12 Apr. 20 # (in millions of dollars) Bills discounted 4l4 - l4 151 - Bills bought 20s - 39 + 159 U. S. Government securities 1.837 — + 759 Other reserve bank: credit 30 + i4 + 21 TOTAL HES3RVE BASK. CR3DIT 2,490 - 3S + 790 Monetary gold stock 4,313 + 20 - 64 Treasury currency adjusted 1,942 + 29 + 1SS Money in circulation 6,0bS - 79 + 643 Member bank reserve balances 2,159 + 63 + ISO Unexpended capital funds,nonmember deposits, etc. 518 + 27 + 90. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, April 21;1933; n°t earlier. B-SOla RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COM HIED (in thousands of dollars) Apr. 19,1933 Apr.. 12,1933 Apr. 20,1932 R E S O U R C ES Gold with Federal reserve agents . . .. 2.627.H5U 2,590,790 2,223,947 Gold redemption fund with U.S.Treasury . 64,775 73. 41,070 Gold held exclusively against F.R.notes 2,692,229 2,664,216 2,265,017 Gold settlement fund with F. R. Board . 321,^95 327,719 297,297 Gold and gold certificates held by banks 351,871 323,5H 461,415 Total gold reserves 3,315,446 3,023,729 3,365,595 Reserves other than gold . 215,597 213,230 212,969 Total reserves . . .. 3,531,192 3 , 529 , 276 3,236,69s Non-reserve cash 106,957 109,901 76,215 Redemption fund - F. R. bank notes . . . 11,,660011 1,400 — Bills discounted: Sec. by U.S.Government obligations . . 124,077 130,707 267,366 Other bills discounted 290,193, 297,7^9 297,157 Total bills discounted . . . 4I4,270 422,456 564,523 Bills bought in open market 202,443 246,964 42,547 U. S. Government securities: Bonds 421,506 421,590 346,19s Treasury notes ^57,873 457,372 85,446 Certificates and bills 957,725 957,721 646,486 Total U.S. Government securities 1,237,104 1,237,183 1,072,130 Other securities 4,501 5,559 5,5^1 Total bills and securities . . 2,465,376 2,51S,I44 1,695,701 Due from foreign banks 3,760 3,760 6,683 F. R. notes of other banks 24,829 20,670 16,305 Uncollected items 354,60s 321,107 333,362 Bank premises 54,129 54,122 57,255 All other resources 44,942 52,646 34,lis TOTAL RESOURCES . . .. 6,637,39^ 6,611,026 5,512,537 L I A B I L I T I ES F. R. notes in actual circulation . . .. 3,547,225 2,544,764 3,^77,393 F. R. bank notes in actual circulation , 2244,,552299 19,290 — Deposits: Member bank - reserve account . . . .. 2,152,636 2,096,079 1,972,642 Government 25,465 34,992 78,33^ Foreign bank 11,OSS 10,697 47,317 Special deposits - member bank . . .. 75,603 72,993 — nonmsmber bank . . is,921 19,451 — Other deposits 57,3-25 39,512 27,073 Total deposits . 2,3^7,538 2,273,730 2,131,371 Deferred availability items 333, S51'- 314,530 3S0.70S Capital paid in 149,700 149,636 155,376 Surplus 272,599 272,599 259,421 All other liabilities 25,721 27,356 30,297 TOTAL LIABILITIES . . .. 6,637,394 6,611,026 5,512,537 Ratio of total reserves to deposit and F. R. note liabilities combined . . .. 61.5$ 60.6$ 69.2$ Contingent liability on bills purchased for foreign correspondents 50,223 48,274 308,843 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS OF APRIL 19, 1933 R E S O U R C ES (In thousands of dollars) B-801b Total Boston Uew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,627,1+5^ 172,W+ 6SU,SU3 163,000 216,970 ll+3,5S0 82,875 75^, 1^7 117.310 52.9SU 81,290 20,7^8 137,263 Gold redemption fund with U.S.Treas. 6^,775 5.729 10.323 6,107 6,868 2,57^ 3.970 10,5^1 1,776 2,1+99 3.277 1,^18 9,693 Gold held exclusively against F. R. notes 2,692,229 178,173 695,166 169,107 223,838 146,151* 86,81+5 76i+,6ss 119,086 55,^33 Sl+,567 22,166 11+6,956 Gold settlement fund with F.R.Board 321,U95 19,711 115,305 6,1+53 19.^92 13,377 10,329 69,061+ 22,031+ 11.939 6,61+2 6,873 20,276 Gold and gold certif. held by banks 351,871 22,975 193,506 21,223 22,83!+ 8,833 8,181 11,1+33 2,69s 1.9US 20,965 5,899 30,976 Total gold reserves 3,365,595 220,859 l.OOU.377 196,733 266,161+ 163,36!+ 105,355 81+5,135 11+3,818 69 , 370 112,171+ 3i+,93S 198,20s Reserves other than gold 215,597 iU.i+19 70,930 21,373 15.731 9,891 7,513 31,7^ 9,219 3,066 7,954 8,178 15,579 Total reserves 3,521,192 235,27s 1,075,307 218,156 281,895 178,255 112,868 876,929 153,037 72,1+36 120,128 1+3,116 213,787 Fon-reserve cash 106,957 5,185 26,972 7,61+3 1+,0S9 6,992 22,572 6,856 2,091 3,616 l+,96l+ 11,203 Redemption fund - F.R. bank notes 1,601 150 1,000 250 100 — — — 100 l — — — Bills discounted: Secured by U.S.Govt, obligations 121+.077 6,HS9 61,911+ 12,169 18,209 1,62b 3,381 I+,369 i,3T5+ 1+98 1,601 833 ii,6iH Other bills discounted 290,193 11,018 1+8,1+89 HO,999 35,038 19,791 21,890 -. 13,688 2,959 9,01+6 19,585 6,098 61,592 Total bills discounted l+ll+,270 17,507 110,1+03 53,168 53,2^7 21,1+17 25,271 18,057 ^,333 9,51+1+ 21,186 6,931 73,206 3ills bought in open market 208,1+1+3 1+3,062 29,345 6,255 3,738 l+,358 10,521+ 65,388 9,61+8 8,1+02 5,986 538 21,199 U. S. Government securities: Bonds l+21,50b 19,739 187,196 30,911 36,363 9,918 10,100 33,901 13.956 17,263 12,1+10 18,019 25,730 Treasury notes ^57,873 2U,829 182,229 35,9^7 1+7,1+31+ 12,936 13,061+ 52,01+8 17.555 12,690 15,112 10,1+63 33,566 Certificates and bills 957,725 355,9^9 70,283 92,7^3 25,295 25,5^3 l6l+,602 3^,321 2l+,S12 29,5^8 20,1+58 65,627 Total U.S.Govt, securities 1,837,10U 93,112 725,371+ 137,1^1 176,5^ l+8,ll+9 1+8,707 256,551 65,332 5^,765 57,070 1+8,91+0 12l+,923 Other securities 5,559 — 4,927 525 — — — — — 107 — — — Total bills and securities 2,465,376 153,681 870,01+9 197,089 233,525 73,921+ Sl+,502 339,996 79,813 72,818 3l+,242 56,1+09 219,328 Due from foreign banks 3,7- 277 1,^77 399 358 lHl 126 U9U 15 10 105 105 253 F. R. notes of other banks 2l+,829 361+ 5.922 37H 1,710 1,369 1,256 7,^33 1,59^ 1+28 2,176 1+23 1,780 Uncollected items 35^,608 38,196 98,170 28,6l6 33,78^ 29,525 9,671 1+2,299 ii+,05i 8,626 21,027 11,195 19,1+1+8 Bank premises 5M29 3,280 12,818 3,267 6,929 3,237 2,1+22 7,601 3,285 1,746 3.559 1,7^1 l+,2l+l+ All other resources l+U,9l+2 921 21,353 3,838 1,917 3,165 5,371 1,188 1,083 1,896 1,171 1,521+ 1,510 TOTAL RESOURCES 6,637,354 1+37,332 2,H3,o6s 1+56,763 567,861 293,705 223,208 1,292,512 259,839 160,052 236,021+ 119,^77 ^71,553 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

.RESOURCES Aim LIABILITIES OF THE FEDERAL RESERVE BAHKS OH APRIL 19, 1933 (in thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 3* >+77 , 3932 3^,603 773,976 256,005 33s,953 174,S83 l4l,6ss 327,223 1^9,565 97,3-50 121,410 40,745 260,932 p.R.bank notes in actual circulation 24,529 l,7S9 16-.9S7 '4,695 999 39 20 — — Deposits: Member "bank - reserve account 2, 1 58,636 122,250 1,047,4S2 112,296 131,539 52,950 42,937 271,580 65,027 38,829 75,593 50,062 i4I,425 Government 25,465 1,202 3,S15 1,091 1, Sob 1,130 987 5,629 1,330 532 2,113 1,361 3,409 Foreign bank 11,OSS 797 3,SIS l,l46 1,020 426 322 1,419 371 251 317 317 764 Special deposits: member bank 75.603 2,695 5,114 5,670 13,504 6,036 6,231 20,Us9 5,028 929 4,249 194 5,394 nonmember bank 18,921 1,726 1,347 775 1,246 456 7,256 3,047 2,311 129 7 501 Other deposits 57.£25 3,762 22,726 m. 3,752 5,001 2,504 14,611 4,241, 1,2.- 442 122 2.716 Total deposits 2, 3 47,53« 131,306 1,024,741 122,142 152,516 72,729 53,497 311,994 79,104 44,136 22,903 52,135 160,269 Deferred availability items 333,254 37,210 36,016 27,899 30,31+2 27,109 9,273 40,933 15,662 7,603 12,207 13,006 12,222 Capit a 1 paid in 1U9,700 10,725 52,505 15,240 13.9^3 5,202 4,631 15,569 4,152 2,242 4,000 3,725 10,506 Surplus 278,599 20,^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 25,781 639 7,785 93^ 2,314 2,106 2,975. 3,236 -1,125- 1,082 64l 1,027 1,857 TOTAL LIABILITIES 6,637,394 437,332 2,113,068 456,763 567,86l 293,705 223,208 1,298,512 259,839 160,052 236,024 119,477 471,553 Reserve ratio (per cent) 61.5 64.3 £ 9 1 O o 57.7 57.4 72.0 57.8 73.1 66.9 51.2 53.2 46.4 50.8 Contingent liability on bills purchased for foreign correspondents 50,223 3,524 16,760 5,301 4,998 1,969 1,767 6,564 1,717 1,161 1,464 1,464 3,534 MATURITY DISTRIBUTION OF BILLS AITD 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 4l4,270 287,935 22.051 49,318 47,222 6,853 891 Bills bought in open market 208,443 68,531 73.052 59,024 7.715 121 Certificates and bills 957,725 127,997 52,400 246,975 67,450 299,375 163,528 Municipal warrants 5,559 5,346 177 26 10 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON APRIL 19, 1933 (In thousands of dollars) B-SOld Total Boston New York phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Iran. Federal reserve notes: Issued to F.R.Bank by F.R.Agent 3,, 760,879 253,181 866,752 275,196 3^1,651 184,080 151,069 9^2,356 i6o,4s4 100,339 131,984 ^2,932 300,855 Held by Federal reserve bank 283,486 18,578 92,776 19,191 12,698 9,197 9,381 55.073 10,919 2,989 10,57^ 2,187 39,923 in actual circulation 3,^77,393 234,603 773,976 256,005 338,953 17M83 iUl,6gs 827,283 1U9,565 97,350 121,410 40,7^5 260,932 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 1,, 298,619 66,427 393,7^3 86,050 86,470 43,075 21,875 419,147 38,610 26,984 11,490 18,248 86,500 Gold fund - F. R. Board 1,,3 28,835 106,017 291,100 76,950 130,500 100,505 61,000 335,000 78,700 26,000 69,800 2,500 50,763 Eligible paper 485,164 57,256 109,004 3l,7Sl 53,657 20,153 29,999 79,103 12,302 15,524 16,432 6,731 53,222 U. S. Gov't, securities 690,000 24,500 74,000 81,000 90,000 24,000 4o,000 111,000 34,000 34,000 42,ooo 20,500 115,000 Total collateral 3,802,618 254,200 867,847 275,781 360,627 187,733 152,874 944,250 163,612 102,508 139,722 47,979 305.^5 FEDER-UJ lb--.r b;:.": :tots stateliest on april 19, 1933 (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.C". Dallas San Fran. Federal reserve bank notes: Issued to F.H Bank(Outstanding) 37,06^ 2,040 28,724 5,000 1,120 160 20 # Held "by Federal reserve bank 12,535 251 11,737 305 121 121 In actual circulation 2^,529 1,789 16,987 4,695 999 39 20 Collateral pledged against outstanding notes: Discounted and purchased bills U,30S 2,300 2,175 333 U. S. Govft. securities bi jkk 28,724 8,000 5,000 20 9 Total collateral 5,333 -20 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis