H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATE1\3M FOR THE PRESS Released for publication B-801 Friday morning* July 71 Federal Reserve Board not earlier. July 6, 1933 Condition of federal reserve baijks The daily average volume of Federal reserve bank credit outstanding during the week ending July 5, as reported "by the Federal reserve "banks, was $2 225,000,000, an increase of $29,000,000 compared with the preceding week and f a decrease of $152,000,000 compared with the corresponding week in 1932. On July 5 total reserve bank credit amounted to $2,206,000,000, an increase of $24,000,000 for the week. This increase corresponds with an increase of $77,000,000 in money in circulation and a decrease of $2^,000,000 in Treasury currency, adjusted, offset in part "by decreases of $67,000,000 in member bank reserve balances and $9,000,000 in unexpended capital funds, nonmember deposits, etc. Bills discounted increased $10,000,000 at the Federal reserve Bank of San Francisco, and decreased $9,000,000 at Cleveland, $3,000,000 each at New York and Philadelphia and $9,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market increased $15,000,000 and of Treasury certificates and bills $28,000,000, while holdings of lilted States Treasury notes declined $8,000,000. Changes in the aaount of reserve bank credit outstanding and in related items during the week and the year ending July 5*1933, were a* follows: Increase or decrease since July 5 June 28 July 6 1933 1933 1222 (In millions of dollars) Bills discounted 182 - 9 - 318 Bills bought 23 +15 - 5U U. S. Government securities 1,995 +20 + 19k Other reserve bank credit 6 - i 2k TOTAL RESERVE BAM. CREDIT 2,206 +2k - 202 Monetary gold stock 4,318 + 396 Treasury currency adjusted 1,955 -zk + 162 Money in circulation 5,752 +77 - 23 Member bank reserve balances 2,219 -67 + 256 Unexpended capital funds,noninember deposits,etc. 508 - 9 + 123 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, July 7, 1933; not earlier. B-801a RESOURCES ABD LIABILITIES OF THE TWELVE FEDERAL RESERVE RANKS COMB DIED (In thousands of dollars) June 28, 1933 July 6,193j R E S O U R C ES Gold with Federal reserve agents . . .. 2,767,366 2,809,201 1,926,767 Gold redemption fund with U.S.Treasury . 44,068 61,256 Gold held exclusively against F.R.notes 2,811,683 2,853,269 1,988,023 Gold settlement fund with F. R. Board . 527,701 485.550 250.643 Gold and gold certificates held by banks 209,708 204.946 -J39.784 Total eold reserves . . .. 3,549,092 3,5^3,765 2,578,450 Other cash* 255,459 290,507 257,195 Total gold reserves and other cash 2,835,645 3,834,272 Redemption fund - F. R. bank notes . 7,392 Bills dlscoiuited: Sec. by U.S.Government obligations 4^,144 190,828 Other bills discounted . 145,827 308,998 T6tal bills discounted 181,803 190,981 499,826 Bills bought in open market . . .. 23,034 8,186 77,353 U. S. Government securities: Bonds 440,775 44o,836 429,004 Treasury notes 697,51^ 705,047 274,746 Certificates and bills 856,96*? 829,329 1,097,315 Total U.S.Government securities 1,995,258 1,975,212 1,801,065 Other securities 2,297 2,848 5,993 Total bills and securities 2,202,442 2,177,227 2,384,237 Due from foreign banks . . . 3,729 3,729 2,655 F. R. notes of other banks 15,416 l6,4n 13,082 Uncollected items . . . 357,321 340,469 391,960 Bank premises 54,366 5^,312 58,113 All other resources 51,163 ^6.251 50,193 6,497,002 TOTAL RESOURCES . . . 6,484,005 5,731,943 L I A B I L I T I ES F.R. notes in actual circulation . . . 3,061,324 3,115,331 F. R. benk notes in actual circulation 124,012 120,081 2,868,163 Deposits: Member bank - reserve account . . . 2,218,912 2,286,207 i,q62,Q89 Government . .. 67,965 55,029 40,336 Foreign bank 15,984 20,286 8,752 Special deposits - member bank . . . 77,196 76,358 nonmenber bank 19,585 18,789 Other deposits 51,082 53,114 Total derosits 2,450,724 2,509,783 2,044,992 Deferred availability items . . . . . 357,504 339,652 370,623 Capital paid in 146,796 146,744 15^,788 Surplus 278,599 278,599 259,421 All other liabilities 24,Q3t? 27.822 33,956 TOTAL LIABILITIES . . . . 6,497,002 6,484,005 5,731,9^3 Ratio of total gold reserves and other cash* to deposit and F.R.note liabilities combined ... 68 68.8$ 57.7$ Contingent liability on bills purchased for foreign correspondents 36,l4o 36,060 73,775 * "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 BASKS ON JULY 5, 1933 B-SOlb R E S O U R C ES (In thousands of dollars) Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,767,366 232,989 599,706 187,000 222,770 128,835 98,550 778,072 122,309- 65,779 102,290 26,803 202,263 Gold redemption fund with U.S.Treas. 44,317 4,814 8,057 **.219 5,^59 1,228 2,607 M 03 1,17^ 1,951 1.664 1,225 7.516 Gold held exclusively against F. R. notes 2,811,683 237,803 607,763 191,219 228,229 130,063 101,157 782,475 123,483 67.730 103,95*+ 28,028 209,779 Gold settlement fund with F.R.Board 527,701 49,650 143,600 20,121 52,361 23.470 14,269 114,918 26,052 20,426 26,770 1^,385 21,679 Gold and gold certif. held "by hanks 209,708 21,613 106,783 14,382 5.076 M 36 3.665 6,727 1,200 269 13,099 5,851 26,407 Total gold reserves 3,5^9,092 309,066 858,146 225,722 285,666 158,169 119,091 904,120 150,735 88,425 143,823 48,264 257,865 Other cash* 255>59 16,535 76,76s 25,675 21,875 14,087 13,153 34,480 11,927 M 63 10,268 8,172 18,356 Total gold reserves & other cash 3,804,551 325,601 93^,9l*+ 251,397 307,5^1 172,256 132,244 938,600 162,662 92,588 154,091 56,436 276,221 Redemption fund - F.R. bank notes S,0l4 1,000 3,500 314 350 150 2,000 100 100 50 200 250 Mils discounted: Secured by U.S.Govt, obligations ^3,335 2.171 21,512 5,899 3,^78 2,022 226 1,049 948 127 1,021 114 4,768 Other bills discounted 138,46s 6,666 33,244 28,51^ 8,065 11,516 8,067 11,398 1,647 ^,787 l,s$k 3,144 13,724 Total bills discounted 181,803 8,837 54.756 34,413 11,543 13.540 8,293 12,447 2,595 4,914 8,715 3,258 18,492 Bills bought in open market 23,084 522 17,385 750 702 276 248 929 207 l4o 206 305 l,4l4 U. S. Government securities: Bonds 440,779 21,560 181,386 29,732 34,436 10,777 10,418 66,767 14,286 16,816 11,883 17,307 25,^11 Treasury notes 697,514 ^1,627 264,108 52.655 68,735 21,508 20,768 93,3^ 27,517 13,561 23,376 14,587 50.726 Certificates rnd bills 856,965 48,643 307,807 61,532 80,321 25.133 24,268 151,817 32,154 21,649 27,317 17,046 59.27S Total U.S.Govt, securities 1,995,258 111,830 753,301 143,919 183,492 57,^18 55.^ 311,930 73,957 57.026 62,576 48,940 135,^15 Other securities 2,297 — 1,712 525 — — — 50 — 10 — — Total bills end securities 2,202,442 121,189 827,154 179,607 195,737 71,234 63.995 325.356 76,759 71.^7 52,503 155,321 Due from foreign banks 3,729 286 1,371 4n 369 145 131 509 18. 12 108 108 261 F. R. notes of other banks 15,416 306 5,212 261 830 991 829 2,229 942 458 1,580 224 1.55^ Uncollected itens 357,321 ^3,537 90,352 26,600 34,008 31,^75 10,634 ^3,915 14,423 11,031 21,990 13,664 13,692 Bank prenises 5^,366 3,280 12,818 3,447 6,929 3,238 2,422 7.605 3.285 1,7^7 3,559 1,792 4,244 All other resources 51,163 713 24,238 3,717 5,752 4,006 M 73 1,911 101 1,5^8 912 1,465 1,321 TOTAL RESOURCES 6,1+97,002 495,912.1,899,559 >+67,751* 551,516 283,3^5 215,278 1,322,125 255,896 169,57^ 253,787 126,392 452,864 * "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 ON JULY 5,1933 B-SOlc L I A B I L I T I ES (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.C y. Dallas San Fran. F.R.notes in actual circulation 3,115,331 225,527 672,225 241,883 307,403 141,993 119,550 791,792 140,962 92,245 113, 257 36,179 232,250 F.R.bank notes in actual circulation 124,012 13,566 57,122 5,741 5,214 — 2,578 31,309 346 1,107 981 1,810 4,238 Deposits: Member tank - reserve account 2,218,912 172,778 872,943 130,514 146,085 76,707 55,174 346,022 71,755 48,421 94,613 56,807 147,093 Government 67,965 795 32,108 2,684 3,611 2,247 3,470 7,442 3,126 602 1,942 1,213 8,725 Foreign btoik 15,984 1,221 4,844 1,756 1,656 652 585 2,175 569 385 485 485 1,171 Special deposits: member bt-nk 77,196 3,158 5,542 8,803 5,924 5,046 2,88b 29,737 3,683 1,483 5,343 302 5,289 nonmember bank 19,585 —. 1,321 1,981 166 3,144 23S 7,124 3,867 882 166 696 4,475 Other deposits 51,082 15,249 129 3,740 5,047 2,337 5,048 3,261 4,093 4i6 549 6,738 Total deposits 2,450,724 182,427 932,007 145,867 l6l,182 92,843 64,690 397,548 86,261 55,866 102,965 59,356 169,712 Deferred availability items 357,504 42,788 86,986 28,427 34,005 30,367 10,145 45,526 15,957 9,455 23,506 15,613 14,729 Capital paid in 146,796 10,608 58,535 15,806 12,902 5,463 4,872 13,079 4,oil 2,822 4,249 3,882 10,567 Surplus 278,599 20,460 85,058 29,242 28,294 11,616 10,544 39,497 10,186 7,019 8,263 8,719 19,701 All other liabilities 24,036 536 7,566 783 2,516 1,063 2,899 3,374 1,173 1,060 566 833 1,667 TOTAL LIABILITIES 6,497,002 495,912 1,899,559 467,754 551,516 283,345 215,278 1,322,125 258,896 169,574 253,787 126,392 452,864 Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined 68.4 79.8 58.3 64. s 65.6 73.4 71.8 78.9 71.6 62.5 71.3 59.1 68.7 Contingent liability on bills purchased for foreign correspondents 36,l4o 2,619 12,249 3,767 3,551 1,399 1,256 4,663 1,220 S25 1,040 1,040 2,511 MATURITY DISTRIBUTION OF BILLS AND SHORT TERM SECURITIES 91 days to Totsl Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 6 months Over 6 months Bills discounted 181,803 127,542 12,6l4 14,870 23,274 3,461 42 Bills bought in open market 23,084 15,769 1,731 1,942 3,642 Certificates and bills 856,965 34,325 43,100 150,446 277,326 223,993 127,775 Municipal warrants 2,297 2,177 10 38 22 50 * "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

FEDERAL RESERVE NOTE STATEMENT ON JULY 5, 1933 B-801d (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dalles San Fran. Federal reserve notes: Issued to F.R.bank by F.R.Agent 3,361,556 240,205 756,244 255,613 320,738 148,155 i4l,s4o 820,322 151,678 95,153 120,976 39,527 271,105 Held by Federal reserve bank 246,225 l4,67S 83,959 13,725 13,335 6,l62 22,290 28,530 10,7l6 2,908 7,719 3,3^8 38,855 In actual circulation 3,115,331 225,527 672,285 241,888 307,^03 141,993 119,550 791,792 l4o,9b2 92,245 113,257 36,179 232,250 Collateral held by agents as security for notes issued to bank: Gold and gold certificates 1,518,931 71,972 523,606 97,450 107,270 49,330 21,550 438,072 42,609 30,279 21,490 18,803 96,500 Gold fund - F.R. Board 1,243,435 l6l,017 76,100 89,550 115,500 79,505 77,000 3^0,000 79,700 35,500 80,800 8,000 105,763 Eligible paper 119,^20 8,812 49,4o5 14,780 9,^69 6,999 M 89 5,639 1,644 2,802 3,704 3,078 8,899 U.S.Gov't, securities 505,700 — 109,000 55,000 90,000 15,000 42,000 40,000 28,000 27,200 17,000 10,500 72,000 TotPi collateral 3,392,4s6 241,801 753,111 256,780 322,239 150,834 144,739 823,711 151,953 95,781 122,994 4o,38l 283,162 FEDERAL RESERVE BAM NOTE STATEMENT ON JULY 5, 1933 (In thousands of dollar?) Total Boston New York Phila. Cleve. Rich. Atlanta Chicpgo St.Louis Minn. Kans.Cy. Dallas Sen Fran. Federal reserve bank notes: Issued to F.R.Bank(Outstanding) 139,19^ 14,280 64,274 6,280 7,680 2,920 33,380 480 1,220 1,000 2,680 5,000 Held b;,- Federal reserve bank 15,182 71* 7,152 539 2,466 342 2,071 134 113 19 870 762 In actual circulation 124,012 13,566 57,122 5,7^1 5,21^ 2,578 31,309 346 1,107 981 1,810 4,238 Collateral pledged against outstanding notes: Discounted end purchased bills 2,985 1,919 - 715 236 115 U.S.Govt, securities 160,97^ 20,000 64,274 8,000 10,000 3,000 40,000 5,000 2,000 1,000 2,700 5,000 Totel collateral 163,Q59 20,000 64,274 8,000 11,919 3,715 40,000 5,236 2,000 1,000 2,815 5,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis