H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-801 Friday morning, Jirne 16; Federal Reserve Board not earlier June 15, 1933. CONDITION OF FEDERAL HESEHVE" BJilTKS The daily average volume of Federal reserve "bank credit outstanding during the week ending June lH as reported by the Federal reserve banks* was $2,209*000*000, t a decrease of $11,000,000 compared with the preceding week and of $36,000,000 compared with the corresponding week in 1932 # On June Ik total reserve bank credit amounted to $2,212,000,000, a decrease of $2„000,000 for the week, This decrease corresponds with decreases of $1+U,000,000 in money in circulation and 000,000 in unexpended capital funds, nonmember deposits, etc., and an increase of $2,000,000 in monetary gold stock, offset in part by an increase of $77,000,000 in momber batik reserve balances and a decrease of $9,000,000 in Treasury currency, adjusted* Bills discounted decreased $7,000,000 at the Federal Reserve Bank of Cleveland, $5,000,000 at New York and $23,000,000 at all Federal reserve banks. The System*s holdings of bills bought in open market declined $1,000,000, while holdings of United States Treasury notes increased $7,000,000 and of Treasury certificates and bills $13,000,000. Change in the amount of reserve bank credit outstanding and in related items during the week and the year ending June 14, 1933t were as follows: Increase or decrease since June (in millions of dollars) Bills discounted 25U - 23 - 2k2 Bills bought 10 - 1 - 56 U, S. Government securities 1.932 + 20 + 2^0 Other reserve bank credit 15 1 TOTAL RESERVE BjffiK CREDIT 2,212 — c - 52 Monetary gold stock U,31S + 2 + U09 Treasury currency adjusted 1,980 - 9 + iHs Money in circulation 5»723 ~ bk + 256 Member bank reserve balances 2,281 +77 + ISO Unexpended capital funds,nohmeniber deposits,etc. - + 6l Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 16,1933? 201 earlier, B-801a RESOURCES AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAEXS COMBIOTD (In thousands of dollars) June 14,1933 June 7,1933 June 15,193 R E S O U R C ES Gold with Federal reserve agents 2,816,469 2,7S7s074 1,897,307 Gold redemption fund with U.S.Treasury . . 42,906 45,524 Gold held exclusively against F.R.notes 2,259,375 2,S32,59S 1,946,222 Gold settlement fund with F, R. Board . , 427,674 436,613 283,224 Gold and gold certificates held by banks , 245,741 252,774 331.7*19 Total gold reserves . . . . . . .. 3,532,790 3,521c985 2,561,195 Other cash* . 293,254 290,192 276,423 Total gold reserves and other cash . , 3,826,044 3,812,177 2,837,618 Redemption fond - F. R. bank notes . . . . 7,242 7,242 — Bills discounted: Sec. by U.S.Government obligations . . . 55,553 55,335 202,225 Other bills discounted . . 192,209 221,330 294,014 Total bills discounted 253,762 276,665 >+96,239 Bills bought in open market 10,200 ll,4ll 65,661 U. S. Government securities: Bonds 441,188 441,103 429,056 Treasury notes 683,509 675,532 194,997 Certificates and bills . 307,747 794,968 1,068,154 To tal_U.S. Government securities 1,932,4^4 1,911,603 1,692,207 Other securities 3,624 5,029 5,611 Total bills and securities 2,200,030 2,204,708 2,259,718 Due from foreign banks . . . . . . .. 3,832 3.810 3,645 F, R. notes of other banks . 18,848 19,282 15.500 Uncollected items . . .. 407,388 334,699 418,230 Bank premises 54,312 5^,312 58,083 All other resources 52,603 49,300 42,316 TOTAL RESOURCES 6,570,299 6,485,530 5,635,110 L I A B I L I T I ES F,R. notes in actual circulation . . .. 3, US, 379 3,163,689 2,575,799 F.R. bank notes in actual circulation . 111133,,226644 104,884 — Deposits: Member bank - reserve account . . .. 2,281,378 2,203,889 22,,110011,,224433 Government . . . . . .. 46,422 32,173 2,695 Foreign bank 8,410 42,208 60,122 Special deposits - member bank . . .. 83,449 90,942 — nonmember bank . . IS,334 18,671 — Other deposits 43,010 44,732 34,368 Total deposits 2,481,003 2,432,615 2,198,428 Deferred availability items 399,701 328,902 411,713 Capital paid in . 147,563 I50052 154,809 f Surplus 27s,599 278,599 259,421 All other liabilities . 31,790 26,789 34,940 TOTAL LIABILITIES . . .. 6,570,299 6,485,530 5,639,110 Ratio of total gold reserves and other cash* $0 deposits and F.R.note liabilities combined 6S.3# 68,1* 59 .H Contingent liability on bills purchased for foreign correspondents 35.031 3355,,443366 102,212 * "Other cash" does not include F. R. nates or a bank's own F. R. bank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BAUKS OK JUSTE 1*, 1933 R E S O U R C ES (In thousands of dollars) B-SOlb Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,316,1+69 231,929 706,231 172,000 210,770 132,835 9S,550 783,197 125.955 60,1*6 88,290 21,303 180,263 2,067 2,782 1,282 7,870 Gold held exclusively against F. R. notes 22,,885599,,337755 223366,,881177 708,829 176,360 217,625 134,015 101,1+41 793,007 127,278 6622,,221133 91,072 22,535 138,133 Gold settlement fund with F.R.Board *27,67* 22,937 15*,095 11,030 36,182 ll+, 288 11,1+08 90,1+95 13,61+0 15,327 16,91+5 9,586 26,7*1 Gold and gold certif. held "by "banks 2*5,7*1 22,172 li+3,5S3 13,803 l+,826 l+,l+8l+ 1+,1+lJO 7,621+ 1,561 1,1+08 13,059 5,9*3 22,838 Total gold reserves 3,532,790 281,926 1,006,507 201,193 258,633 152,787 117,289 891,126 11+7,1+79 78,91+8 121,076 33,11* 237,712 Other cash* 293,251+ 21,802 89,361+ 25,726 2i+,6s6 16,397 li+, 1+1+5 39,733 13,590 l+,3l+0 11,386 9,369 21,916 Total gold reserves & other cash 3.826.0*1+ 303.728 1.09*5.871 226.919 281.TL9 169.18* 131.71* 930,859 161,069 83,288 132,1+62 *7»983 259,628 Redemption fund - F.R. bank notes 7,242 1,000 3,000 292 250 150 2,000 100 100 50 100 200 — Bills discounted: Secured by U.S.Govt, obligations 55,553 3,557 2233,,996688 77,,22**88 6,979 2,102 661166 33,,33**11 661111 2211++11++ 1,390 582 **,,991155 Other bills discounted 198,209 7,7** 3M03 32,938 *0,330 12,91+8 8,931 12,323 2,108 5,889 9,759 3,926 26,510 Total bills discounted 253,762 11,301 58,771 1+0,186 *7,309 15,050 9,5*7 15,661+ 2,719 6,133 11,11+9 l+,508 31**25 Bills bought in open market 10,200 625 3,275 811+ 691 30* 31+2 1,187 285 23I+ 283 338 1,822 U.S.Government securities: Bonds 11++**11,,118833 2200,,770055 1188ll++,,555522 30,192 35,132 10,1+53 10,273 6633,,335533 14,167 16,990 1122,,22**22 17,091 25,1+88 Treasury notes 683,509 39,082 265,31+6 52,1+51+ 68,757 20,1+25 20,017 35,706 26,705 18,535 22,810 13,856 *9,Sl6 Certificates and bills 807,7*7 *3,700 297,276 58,652 76,883 22,839 22,338 138,572 29,858 20,875 25,506 15,*93 55,705 Total U.S.Govt, securities 1,932,*** 103,1+87 71+7,171+ 11+1,298 180,822 53,717 52,678 288,131 70,730 56,1+00 60,558 1+6,1+1+0 131,009 Other securities 3,621+ 2,9l+2 525 — — — 50 — 107 — — — Total bills and securities 2,200,030 115,1+13 812,162 182,823 228,822 69,071 62,567 305.032 73,73* 62,871+ 71,990 51,286 I61+,256 Due from foreign banks 3,832 292 1,*17 1+20 378 li<9 133 519 21 li+ 111 111 267 P. R. notes of other banks 18,8lJ8 353 6,516 1+06 880 1,281 1,070 2,955 1,005 785 l,6S6 291 1,6*0 Uncollected items 1+07,388 1+6,991+ 109,392 31,839 1+0,812 35,181+ 10,505 53,627 15,785 10,991 19*897 i*,079 18,283 Bank premises 5*,312 3,280 12,818 3,39* 6,929 3,23s 2,1+22 7,605 3,235 1,7*6 3,559 1,792 *,2** All other resources 52.603 718 27.*6* 5,006 1,856 1+,213 5,186 1,962 699 1.658 9*2 1.537 1,362 TOTAL RESOURCES 6,570*299 *7l,77S 2,068,6*0 *5l,099 563,2*6 282,320 213,767 1,30*,559 255,698 161,^56 230,677 117,179 **9,880 * "Other cash" does not include F. R.. notes or a "bank's own F. R. bank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

RESOURCES AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH JUKE lb, 1933 (in thousands of dollars) B-801c L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran ?.R.notes in actual circulation 3,H8,379 221,333 656,931 240,371 314,976 142,955 124,715 305,623 142,464 39,931 111,954 35,650 230,426 E.R.bank notes in actual circulation 113,264 12,159 53,581 5,523 4,165 — 2,195 30,3^ 216 791 370 976 2,444 deposits: Member bank - reserve account 2,231,378 11+5,353 1,070,491 113,57^ i4O,642 63,354 49,333 307,429 6655,,330011 4422,,665566 78,007 4499,,110066 114499,,007777 Government 46.H22 3,562 11,965 3,042 2,694 4,94s 3,254 7,601 2,363 2,251 1,632 1,174 1,331 Foreign bank S,4l0 617 2,782 337 S37 330 296 1,099 237 194 245 245 591 Special deposits: member bank 83,^9 3,393 6,062 7,793 8,957 5,34s 2,311 32,l4i 3,645 1,270 ^,791 235 5,9^8 nomember bank 18,334 1,1+21 1,690 493 2,223 204 6,432 3,395 1,435 169 — 767 Other deposits 43,010 5,oio 10,157 269 ^5S7 3,839 1,396 ^,352 4,112 1,123 197 63O 6,733 Total deposits 2,431,003 15S,9l+0 1,102,878 127,255 153,210 36,097 53,349 359,104 79,603 43,979 35,091 51,440 165,052 Deferred availability items 392,701 1+7,003 100,951 30,073 4O,6O2 34,215 10,244 53,31*+ 13,043 10,491 19,355 15,571 19,77^ Capital paid in 11+7,563 10,550 53,530 15,300 13,932 5,440 **++,,777799 .12,999 4,027 2,321 4,247 3,637 10,551 Surplus 273,599 20,4-60 35,053 29,242 23,294 11,616 1100,,554444 39,^97 10,136 7,019 3,263 8,719 19,701 Jill other liabilities 31,790 323 10,711 2,335 3,007 1,997 2,941 3,678 1,154 1,37^ S97 936 1,932 TOTAL LIABILITIES 6,570,299 ^71 f778 2,o6s f 6Ho >151,099 563,2^6 282,320 213,767 l,30^,559 255,698 161,1156 230,677 117,179 ^9,SSO Ratio of total gold reserves and other cash* to deposit and F R. # note liabilities combined 68*3 79 62.3 61 # 6 59 s 73.9 72.0 79.9 72.5 59.9 67.2 55.1 65.6 Contingent liability on bills purchased for foreign correspondents 35*031 2,603 11,23b 3,752 3,537 1,39s* 1,251 4,645 1,215 222 1,036 1,036 2,501 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills diEcourtsd 253,762 167,91^ 17,844 46,319 15,639 5,440 106 Bills "bought in open market 10,200 4,703 1,31^ 1,333 2,g'45 Certificates and bills 807,747 131,975 1+0,73s 53,227 159,796 217,^76 204,535 Municipal warrants 3,624 3,501 25 10 38 50 * "Other cash" does not include g. R. notes or a bank's own E. R. bank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON JUNE l4, 1933 (In thousands of dollars') B-SOld Total Boston New York PMla. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal reserve notes: Issued to F.R.Wcby F.R.Agent 3.320,077 237,695 739,197 257,343 330,630 152,010 147,240 833,231 153,715 93,161 122,492 32,13s 274,625 Held hy Federal reserve tank 261,698 15,862 82,266 16,472 15,654 9,055 22,525 28,208 11,251 3,180 10,538 2,488 44,139 In actual circulation 3 • US ,379 221,833 656,931 240,871 314,976 142,955 124,715 805,623 142,464 89,981 111,954 35,650 230,426 Collateral held by agent as security for notes issued to bank: Sold and gold certificates 1,478,034 70,912 448844,,113311 97,450 107,270 4499,,333300 21,550 443366,,119977 4422,,225555 2299,,114466 2211,,449900 18,803 99,500 Gold fund - F. E. Board lt33M35 161,017 222,100 74,550 103,500 83,505 77,000 352,000 83,700 31,000 66,800 2,500 20,763 Eligible paper 150,570 11,3S7 32,158 18,040 30,260 8,053 5,125 9,411 1,753 3,272 5,750 4,434 14,267 U.S.Gov't, securities 467,900 — — 68,000 100,000 12,000 44,000 56,000 27,000 30,900 30,000 13,000 87,000 Total collateral 3,^,939 2l+3,3l6 744,389 258,040 341,030 152,888 147,735 853,608 154,708 94,918 124,o4o 32,737 281,530 FEDERAL RESERVE BAM NOTE STATEMENT ON JUNE 14, I933 (in thousands of dollars) To tal Boston New York PMla. Cleve. Rich. Atlanta Chicago St.Louis Minn. :K ans.Cy. Dallas San Fran Federal reserve bank notes: Issued to F.E.Bank( Out standing) 113399,,6633^^ 1144,,228800 6644,,227744 6,280 7,720 —- 2,920 35,720 320 900 1,000 22,,116600 44,,000000 Held by Federal reserve bank 26,370 2,121 10,693 757 3,615 725 5,376 104 109 130 1,184 1,556 — In actual circulation 113,26U 12,159 53,521 5.523 4,165 — 2,195 30,344 216 791 870 976 2,444 Collateral pledged against outstanding notes: Discounted and purchased bills IS,391 — . — 1166,,991199 — 1,030 — 327 — — 115 — U.S.Govt, securities 1^9,97^ 20,000 64,274 2,000 — — 2,500 40,000 5,000 2,000 1,000 2,200 5,000 Total collateral 162,365 20,000 64,274 8,000 16,919 3,530 40,000 5,327 2,000 1,000 2,315 5,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis