H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOB. THE P3ESS Released for publication B-SOl Friday morning, April 2g; Federal Reserve Board not earlier. April 27, 1933 CONDITIO!? OF FEDERAL RESERVE 3AEXS The daily average volume of Federal reserve bank dredit outstanding during the week ending April 2b, as reported "by the Federal reserve "banks, was $2,457»000,000, a decrease of $53t000,000 coxapared with the preceding week and an increase of $698,000,000 compared with the corresponding week in 1932. On April 26 total reserve "bank credit amounted to $2,Hl2,000,000, a decrease of $78,000,000 for the week. This decrease corresponds with decreases of $7^,000,000 in money in circulation and $23*000,000 in member bank reserve "balances offset in part by decreases of $3,000,000 in monetary gold stock and $7,000,000 in Treasury currency, adjusted, and an increase of $9,000,000 in unexpended capital funds, nonmember deposits, etc. Bills discounted declined $22,000,000 at the Federal Reserve Bank of New York, $S,000,000 at San Francisco, $5,000,000 at Kansas City and $29,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market declined $31,000,000, while holdings of United States Treasury notes increased ,000,000 and those 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 April 26, 1933 > were as follows: Increase or decrease since Apr. 26 Apr. 19 Apr. 2J 1933 1932 (In millions of dollars) Bills discounted 385 - 29 - 1U7 Bills bought 177 - 31 + 131 U, S. Government securities 1,337 + 6U6 Other reserve "bank credit 12 - 18 5 TOTAL RESERVE BAM CREDIT 2,^12 - 7& + 627 Monetary gold stock U,3io - 3 - 5s Treasury currency adjusted 1,935 - 7 + 152 Money in circulation 5.99U - 7^ + 596 Member bank reserve balances 2,136 - 23, + 22 Unexpended capital funds,nonmember deposits,etc 527 + 9 + 103 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, April 2o, 1933earlier. B~S01a RESOURCES A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Apr. 26,1933 Apr. 19,1933 Apr, 27, 1^2 R E S O U R C ES Gold with Federal reserve agents . . .. 2,671,7^6 2,627,454 2,269,256 Gold redemption fund with U.S.Treasury . 63,271 64,775 36,100 Gold held exclusively against F.R.notesL 2,735,617 2,692,229 2,305,956 Gold settlement fund with F. R. Board . 307,419 321,495 313,37S Gold and gold certificates held by banks 353,302 351,871 394,700 Total gold reserves 3,396,333 3,365,595 3,014,53^ Reserves other than gold 222,713 215,597 212,502 Total resarves . . .. 3,619,051 3,521,192 3,233,036 Non-reserve cash 106,105 106,957 20,442 Redemption fund - F. R. bank notes . . . 3,293 1,601 — Bills discounted: Sec. by U.S.Government obligations . . 93,434 124,077 223399,,445533 Other bills discounted 291,567 290,193 292,366 Total bills discounted . . 3S5.001 414,270 531,824 Bills bought in open market 177/450 202,443 45,874 U. S. Government securities: Bonds . . .. U21.476 421,506 346,399 Treasury notes , . 506,023 457,373 95,447 Certificates and bills 909,513 957,725 749,336 Total U.S. Government securities 1,237.072 1,337,104 1,191,232 Other securities 5,559 4,215 5.^51 Total bills and securities . . 2,404,974 2,465,376 1,773,745 Due from foreign banks 3,656 3,760 5,695 F. R. notes of other banks 20,355 24,229 14,914 Uncollected items 31s,392 354,602 347,315 Bank premises 54,134 54,129 57,855 All other resources 46,242 44,942 35,100 TOTAL RESOURCES . . . 6,576,202 6,637,394 5,542,102 L I A B I L I T I ES F.R, notes in actual circulation . . . 3,424,114 3,477,393 2,526,572 F.R. bank notes in actual circulation . 3366,,779922 24,529 — Deposits: Member bank - reserve account . . .. 2,135,^08 22,,115522,,663366 22,,111144,,442233 Government . . .. 37,165 25,465 49,155 Foreign bank 26,810 11,022 49,593 Spccial deposits - member bank . . . 77,664 75,603 -nonmenber bank . l6,l<55 12,921 — Other deposits 51,8'% 57,325 21,024 Total deposits 2,345,451 2,347,533 2,234,200 Deferred availability items 315,21S 333,354 341,312 Capital paid in 150,330 149,700 155,2)10 Surplus ... 272,599 273,599 259,421 All other liabilities . . . . . . .. 25,692 25.7S1 31,357 TOTAL LIABILITIES . . 6,576,202 6,637,394 5,542,102 Ratio of total reserves to deposit and F. R. note liabilities combined . . 62.7$ 61.5$ 67.9$ Contingent liability on bills purchased for foreign correspondents . . .. 42,220 50,223 297,735 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

EESOUBCES AM) LIABILITIES 05* THE FEDERAL RESERVE BAMS OH APRIL 26, 1933 R E S O U R C ES (In thousands of dollars) B~801b Total Boston New York phila. Clsve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,671,746 183,644 696,760 163,000 211,970 144,080 82,955 776,097 119,565 51,984 78,890 19,538 lU-3,263 Gold redemption fund with U.S.Treas. o3,S71 5,694 10,021 6,059 7,764 2,550 3,828 10,258 1,690 2,477 3,203 1,379 S,94g Gold held exclusively against F. R. notes 2,735,617 1S9.33S 706,781 169,059 219,734 146,630 86,783 786,355 121,255 54,461 82,093 20,917 152,211 Gold settlement fund with F R Bo?rd. 307,419 10,124 106,044 9,065 13,621 15,062 8,703 61,986 20,299 10,695 21,479 5,887 24,454 # # Gold and gold certif. held "by banks 553,302 23,526 203,295 22,396 23,44s 8,691* 8,1*91 13,547 2,607 2,50S 12,502 5,813 26,471 Total gold reserves 3,356,333 ppp q<?c» 1,016,124 200,520 256,803 170,386 103,977 S6l,2S2 I44,i6i 67,664 116,074 32,617 203,136 Reserves other than gold 222,713 15,993 J— or M 2?,109 16,61+7 10,770 8,123 30,759 9,519 3,127 8,357 8,131 16,727 Total reserves 3,619,051 238,981 1,088,575 222,629 273,1*50 181,156 112,100 892,647 153,680 70,751 124,431 4O„74S 219,863 Non-reserve casli 106,105 6,700 26,009 M 70 6,250 4,442 7,235 20,413 7,196 i,ss4 3,691 5,2S9 12,319 Redemption fund - F*R. bank notes 3.293 150 1,400 292 250 — 50 1,000 100 1 — 50 .Dx-LlS CLl S^OUIi kS'J.; Secured "by U.S.Govt, obligations 93,434 6,025 39,375 10,953 13,927 1,881 3,321 4,64o 1,359 482 1,607 747 4,117 Other 'bills discounted 291,567 10,714 48,592 39,394 45,239 13,979 21,279 12,563 2,513 8.931 i4,ssi 7,271 61,211 Total "bills discounted 305,001 16,739 ?7,967 50,347 64,166 20,860 2l*,600 17,203 3,272 9,413 l6,4ss 8,018 65,328 Bills bought in open market 177,450 38,018 27,307 5,565 3,626 3,210 9,7 08 49,374 7,37S 7,359 4,918 530 20,457 IT. S. Groverxauent securities; Bonds 421,476 19,739 1^7,195 30,911 36,361* 9,916 10,062 39,902 13,957 17,273 12,409 18,019 25,729 Treasury notes 506,083 27,563 200,OSS 39,905 52,65s 14,362 14,504 57,779 19,487 14,086 16,777 11,615 37,262 Certificates aud bills 909,513 1*5,810 33S.-59H 66,325 87,51s 23,371 24,104 158,870 32,388 23,411 27,3S4 19,306 61,932 Total U.S.Govt, securities 1,237,072 93,112 725,374 137,141 176,51*0 Us,li*9 1*8,670 256,551 65,832 54,770 57,070 4s,940 124,923 Other securities 5,451 — 11,792 525 — — — 27 — 107 — — — Total bills and securities 2,404,974 1^7,869 845,440 193,573 244,332 72,219 82,973 323,155 77,082 71,649 78,476 57,488 210,708 Due from foreign banks 3,656 27s 1,371 399 35s li*l 127 494 15 10 105 105 253 F.H.notes of other banks 20,355 44o 11,736 3U9 1,188 1,677 1,081 3,934 1,399 814 2,191 322 2,224 Uncollected items 31S,392 36,216 93,1^2 24,633 29,028 25,923 9,582 35,429 12,925 7,503 17,136 10,632 16,243 Bank premises 54,134 3,280 12,818 3,272 6,929 3,237 2,422 7,601 3,285 1,746 3,559 1,741 4,244 All other resources 46,242 812 22,093 3.S19 2,722 3,175 5,325 1,240 1,011 1,878 1,139 1,491 1,537 TOTAL RESOURCES 6,576,202 434,726 2,095,524 453,641 564,513 291,970 220,901 1,285,913 256,693 156,276 230,728 117,866 467,391 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON APRIL 26, 1933 (in thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston l?e*.7 York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Sar. Fran. F.R.notes in actual circulation 3,424,114 230,5+28 7^5,196 252,029 3^5,599 171,608 138,809 886,60S 147,319 9^,735 11S,9^3 39,671 253,109 F.R.bank notes in actual circulation 36,798 2,79^ 23,839 4,311 3,373 — — 1,762 35 57 — 123 Deposits: Member hank - reserve account 2,135,808 123,986 1,036,908 112,805 120,065 62,123 4l,4s6 264,731 -5,^7 36,523 7^,607 49,272 147,850 Government 37,165 ^53 17,731 2,375 l,1^ 1,191 2,055 2,919 975 1.699 1,057 2,323 2,933 Foreign bank 26,810 1,9*18 3,937 2,803 2,642 l,04l 9S1 3,470 908 6l4 j jk Jlk 1,86s Special deposits: memoer hank 77,664 2,350 5,203 5,730 13,979 6,493 6,336 22,242 5,417 1,062 4,449 201 3,697 nonmember hank 16,155 -- 1,453 1,432 7SO 1,403 428 4,504 3,27^ 2,172 185 — 524 Other deposits 51,849 4,211 17,527 219 ^,559 ^>66g 2,b82 4,l69 3,490 1,138 926 28b 7,674 Total deposits 2,345,451 133,^8 1,083,164 125,364 143,429 76,924 53,968 302,035 79,511 43,208 81,998 52,856 164,546 Deferred availability items 315,218 3b,204 87,011 25,338 27,330 24,715 9,933 37,13^ 1^,3^7 7,305 16,626 11,S31 17,444 Capital paid in 150,330 10,737 53,505 15,839 13,§4l 5,407 4,631 15,569 4,152 2,842 4,249 3,787 10,671 Surplus 278,599 20,460 85,65s 29,242 28,294 ll,6l6 10,544 39,^97 10,186 7,019 8,263 8,719 19,701 All other liabilities 25,692 b55 7,ni 95-8 2,547 1,700 3,016 3,308 1,139 1,110 649 879 1,920 TOTAL LIABILITIES 6,576,202 434,726 2,095,584 453,641 564,513 291,970 220,901 1,285,913 256,693 156,276 230,72s 117,866 467,391 Reserve ratio (per cent) 62.7 65.7 59 4 59.O 55.9 72.9 58.2 75.1 67.8 51.3 61.9 44.0 52*6 # Contingent liability on hills -ourfor foreign correspondents 48,280 3,553 15,798 5,111 4,819 1,898 1,767 6,328 1,655 1»120 1,412 1,412 },lK)7 MATURITY DISTRIBUTION OF BILLS AIID 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 385*001 254,905 24,725 48,636 >+9,133 6,855 7^7 Bills "bought in open market 177,^50 71,214 74,240 26,022 5,923 51 Certificates and hills 909,513 91,^38 85,300 210,875 54,550 297,372 169,978 'funicipal warrants 5,451 5,211 178 35 27 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON APRIL 26, 1933 (In thousands of dollars) B-801d Total Boston Hew York Fhila. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal reserve notes: Issued to F.R.Bank "by F.R.Agent 3,715,3^1 246,879 836,213 267,102 366,672 180,522 148,032 9^3,176 159,311 98,49b 128,1+15 ^2,671 297,852 Held by Federal reserve "bank 291,227 16,451 91,017 15,013 21,073 s,9i4 9,223 56,568 11,992 3,761 9.472 3,000 44,743 In actual circulation 3,424,114 230,428 7^5,196 252,089 345,599 171,608 138,809 886,608 147,319 94,735 US.9^3 39,671 253,109 Collateral held "by agent as se~ curity for notes issued to bank* Gold and gold certificates 1,317,^11 67,627 393,660 86,050 86,470 43,575 21,955 420,097 39,865 26,984 20,090 18,538 92,500 Gold fund - F. R. Board 1,354.335 116,017 303,100 76,950 125,500 100,505 61,000 356,000 79,700 25,000 58,800 1,000 50,763 Eligible paper 417,659 46,185 84,459 29,333 56,541 18,008 28,775 62,429 9,656 14,451 14,094 7,704 46,024 U.S. Gov't, securities 650,500 17,500 55,000 76,000 100,000 21,000 4o,ooo 105,000 31,000 34,000 37,000 19,000 115,000 Total collateral 3,739,905 247,329 836,219 268,333 368,511 183,088 151,730 943,526 160,221 100,435 129,934 46,242 304,287 FEDERAL EESERVE BAM .NOTE STATEMENT OH APRIL 26, 1933 (in thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. Federal reserve bank notesj Issued to F.R.Bank(Outstanding) 57,594 6,840 32,754 5,840 5,620 200 5,800 160 180 — 200 Held by Federal reserve bank 20,796 4,046 8.915 1,029 2,247 200 4,038 121 123 — 77 In actual circulation 36,798 2,794 23,839 4,811 3,373 — 1,762 39 57 -- 123 Collateral pledged against outstanding notes: Discounted and purchased bills 19,599 7,625 10,342 1,067 320 245 U. S. Gov't, securities 57,75^ 32,754 8,000 10,300 5,000 2,000 — Total collateral 77,353 7,625 32,754 8,000 10,342 1,067 10,000 5.320 2,000 — 245 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis