H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-SOl Friday morning:, July 2g; Federal Reserve Board not earlier July 27, 1933* # CONDITION OF FEDERAL R3SSE7S BAJKS The daily/volume of Federal reserve "baric credit outstanding during the week ending July 26, as reported fey the Federal reserve banks, was $2,200,000,000, an increase of 000,000 compared with the preceding week and a decrease of $23^,000,000 compared with the corresponding wo^fc in" 1932. On July 26 total reserve "bank credit amounted to $2,201,000,000, an increase of $4,000,000 for the week* This increase corresponds with an increase of $16,000,000 in member bank reserve balances and a decrease of $31,000,000 in Treasury currency, adjusted, offset in part by decreases of $3*4,000,000 in money in circulation and $9,000,000 in unexpended capital funds, nonraember deposits, etc # Bills discounted increased $4,000,000 at the Federal Reserve Bank of San Francisco, and decreased $3,000,000 at Kansas City and $2,000,000 at all Federal reserve banks. The System*s holdings of bills bought in open market show no change for the week, while holdings of Treasury notes increased $12,000,000 and of Treasury certificates and bills declined $2,000,000. Changes in the amount of reserve bark credit outstanding and in related items during the week and the year ending July 2o, "1933t wore as follows: Increase or decrease since July 26 July 19 July 27 1933 19?5 1932 (in millions of dollars) Bills discounted Ibl 2 — 36^ Bills bought 10 -- 30 U. S. Government securities 2,02S 11 + 1S7 Other reserve bank credit 2 - 5 - lH TOTAL RESERVE BAM CREDIT 2,201 4 — 221 Monetary gold stock 4,320 + 1 + 360 Treasury currency adjusted 1,916 - 31 + Money in circulation r), 601 33 44 _ 89 Member bank reserve balances 2,30b + 1166 + 234 Unexpended capital funds,nonraembe sr deposits,etc* 529 - 9 + 13S Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, July 2S,1933; not earlier* B~S01a ASSETS Aim LIABILITIES OP THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) July 26,1935 July 19,1933 July 27,1932 A S S E TS Gold, with Federal reserve agents . . . . 2,736,^32 2,772,1+12 1,959,552 Gold redemption fund with U,S,Treasury . 39,^57 >+3,273 63,6% Gold held exclusively against F.R.notes 2,775,329 2,815,685 2,023,195 Gold settlement fund with F.R.Board . . 531,160 515,11+2 21+9,735 Gold and gold certificates held by hanks 241,610 215,052 31+8,212 Total gold reserves 3,5^,659 3,5^5,879 2,621,11+2 Other cash* 269,111 271,9^ 282,880 Total gold reserves and. other cash . . 3,817,828 2,90l+,022 3,817,770 Redemption fund - F. R. bank notes . .. 77,,779911 **7»693 — Bills discounted: Sec. by U.S.Government obligations . . 35,786 202,161 37,053 Other bills discounted . . . . .. . 12*1,310 127,3^3 323,219 Total bills discounted . . . 161,363 163,129 525,380 Bills bought in open market . . . . . .. 99,,661166 9,8l+8 39,700 U.S. Government securities: Bonds 1+1+1,087 1+110,813 1+21,021 Treasury notes 71S.197 706,383 268,1+71+ Certificates and bills . 862,290 870,061 1,151,696 Total U.S. Government securities . . 2,017,257 1,81+1,191 2,027,57*+ Other securities . . . .. 1,862 2,026 5,961 Total bills and securities . . 2,200,Ul5 2,192,260 2,1+12,232 Due from foreign banks . . . . . . . .. l+,025 3,967 2,887 F. R, notes of other banks . . . . . .. 17,610 19,095 16,1+27 Uncollected items . . .. 36^,593 1+19,284 326,793 Bank premises . . .. 5^,370 5^.369 58,119 All other assets 52,399 **5l,i+35 1+8,098 TOTAL ASSETS 6,518,973 **6,565,93i 5,768,578 L I A B I L I T I ES F. R, notes in actual circulation . . .. 3,00*1,052 3,037,508 2,831+,157 F, R» bank notes in actual circulation , 112222,,6611++11++ 111188,,113377 — Deposits: Member bank - reserve account . . . .. 2,306,366 2,289,811 2,072,161+ Government - 81,786 57,995 1+5,099 Foreign bank . . . .. 16,207 11,656 19,833 Sfpecial deposits - member bank . . .. 81,1+38 85,920 — nonmember bank . . 20,641 22,681 — Other deposits 63,61+5 69,225 36,1+28 Total deposits . . . . .. 2,51+1,839 2,165.3^7 2,573,709 Deferred availability items . . . . .. 368,299 1+18,1+02 319,454 Capital paid in 146,21+8 11+6,180 153,791 Surplus 278,599 278,599 259,1+21 All other liabilities . . . . . . . .. 25,1+22 ••25,266 36,1+08 TOTAL LIABILITIES . . . 6,518,973 **6,565,931 5,768,57s Ratio of total reserves to deposit and F. R. note liabilities combined . . .. 68.1+$ 68.1+$ 58.1ft Contingent liability on bills purchased for foreign correspondents . . . . .. 36,021 35,691+ 5 7 ,^ * "Other cash" does not include R notes or a bank*s own F R banknotes. # # # **Revised figures * Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES 0? THE FEDERAL RESERVE 3AITKS Oil JULY 26, 1933 A S S E TS (In thousands of dollars) B-SQlb Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,736,432 235,609 606,706 182,000 237,770 126,835 9^,550 745,222 121,394 67,779 106,290 24,014 188,263 Gold redemption fund with U.S.Treaa 39^57 l,60o 8,242 3,954 5,015 1,217 2,676 3,957 1.06l 1,888 1,5^1 1*137 7.1&3 % Gold held exclusively against F. R. notes 2,775,239 237,215 6l4,94s 185,954 242,785 128,052 97,226 749,179 122,455 69,667 107,831 25,151 195. Gold settlement fund with F.R.Board 531,160 15,269 151,916 8,671 59,520 16,739 11,090 163,354 26,483 19.738 28,134 14,294 15,952 Gold and gold certif. held by banks 2Hl 6lO 21,941 134,713 14,656 4,006 4,78b 3,903 8,171 744 4l6 12,576 5,195 30,503 s Total gold reserves 3,5^,6^ 274,425 901,577 209,281 306,311 1^9,577 112,219 920,704 149,682 89,821 l4S,54l 44~,640 241,881 Other cash* 269,111 17,925 S3,370 27,122 23,235 1^,365 13,720 33.085 ll,6l4 4,990 11,205 8.156 20,264 Total gold reserves & other cash. 3,817.770 292,410 984,947 236,403 329,5^6 163,942 125,939 953,789 161,296 94,811 159,746 52,796 262,145 Redemption fund -F.R. bank notes 7,791 895 3,253 390 428 — 218 1,908 100 100 50 199 250 Bills discounted: Secured by U.S. Govt, obligations 37,053 1,988 1166,,554422 5,808 2,870 1,880 313 11,,111166 448899 118 309 447777 55,,114433 Other bills discounted 124,310 5,541 32,637 27,518 7,079 11,659 7,803 9,492 1,573 4,320 4,591 3,631 8,466 Total bills discounted 101,363 7,529 49,179 33,326 9,949 13,539 8,116 10,608 2,062 4,43s 4,900 4,108 13,609 Bills "bought in: ope:! market 9,616 522 3,704 750 702 276 24s 929 207 i4o 206 305 1,627 U. S. Government securities: Bonds 441,087 21,973 179.779 29,565 34,225 10,921 10,464 68,160 14,353 16,755 12,259 17,200 2255..^^3333 Treasury notes 718,197 43,768 268,093 53,935 70,430 22,471 21,526 99,094 28,503 18,982 24,250 14,815 52,330 Certificates and bills 868,290 50,334 307,994 62,024 80,996 25.841 24,727 156,691 32,776 21,808 27,887 17,035 60,177 Total U,.S„ Govt, securities 2,027,574 116,075 755,866 145,524 135,651 59,233 56,717 323,9^5 75,632 57,5^ 64,396 49,050 137,940 Other securities 1,862 — 1,283 510 — — — 50 — 19 — — — Total bills and securities 2,200,415 124,126 810,032 180,110 196,302 73.048 65,021 335,532 77,901 62,142 69,502 53,463 153,176 Due from foreign banks 4,025 286 1,668 4ll 369 145 131 508 18 12 108 108 261 F. R. notes of other banks 17,610 376 5,084 391 87s 1,196 1,305 3,112 672 77S 1,449 296 2,073 Uncollected items 364,593 41,622 95,810 29,274 36,266 28,940 9,653 47,656 15.835 9,718 20,635 11,292 17.892 Bank premises 5^,370 3,280 12,818 3,44s 6,929 3.23s 2,422 7,608 3.285 1,747 3,559 1,792 4,244 All other assets 52,399 716 27,220 3,692 2,624 3.394 4,685 1.903 640 1,463 2,926 1,443 1,193 TOTAL ASSETS 6,518,973 463,711 1,940,832 454,119 573,342 274,403 209,434 1,352,016 259,7^7 170,771 257,975 121,389 441,234 * "Other cash" does not include F. R. notes or a bank's ovm F. R. bank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BANKS OK JULY 26, 1933 L I A B I L I T I ES (In thousands of dollars) B-SOlc Total Eoston New York phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 3,00*4,052 221,405 637,525 235,710 3oU,iUg 136,891+ 115,765 763,281 136,697 90,327 110,715 33,67^ 217,790 F.R.bank notes in actual circulation 122,644 12,079 52,247 7,340 g.0U-3 — 2,31s 31,237 424 938 982 2,846 4,190 Deposits: Member "bank - reserve account 2,306,366 1^3,185 955,088 119,1+12 150,034 72,726 53,910 374,597 73,709 52,336 106,180 55,285 149,904 Govs^nmen t SI, J8 6 4,124 11,452 4,190 20,340 4,373 2,743 25,393 2,053 2,231 1,621 1,418 1,34s R54 Foreign 'bank 19,833 1,39^ 7,111 2,006 1,891 745 669 2,483 650 439 554 1,337 Special deposits:- member bank 81,438 5,807 9,229 6,010 4,9'43 3,502 33,525 3,907 1,588 3,107 397 5,763 nonmember bank 20, b4l 3,660 97c 1,945 124 3,H9 186 7,05s 5,504 800 154 781 54 Other deposits 63,645 24,005 3,600 4,904 3,o4s 9,13^ 3,936 1,208 527 983 7,960 4,2So Total deposits -573,709 156,649 1,004,433 136,836 181,999 90,810 64,058 452,690 39,759 58,602 112,143 58,637 167,093 Deferred availability items 368,299 41,815 94,501 2S,350 36,056 2s,s43 2,935 43,647 17,639 9,75^ 20,923 12,747 20,039 Capital paid in 146,24s 10,745 58,532 15,814 12,164 5,34s 4,90s 13,056 4,020 2,867 4,311 3,773 10,710 Surplus 278,599 20,460 S5,05S 29,242 28,294 11,616 10,544 39,^97 10,186 7,019 8,263 8,719 19,701 All other liabilities 25,422 55s 8,476 827 2,637 89 2 2,906 3,60s 1,022 1,204 63s 993 1,661 TOTAL LIABILITIES 6,518,973 463,711 1,940,832 454,119 573,342 274,403 209,434 1,352,016 259,747 170,771 257,975 121,389 441,234 Batio of total gold reserves and other cash* to deposit and F.R. note liabilities cc".:bined 6S.4 77.3 60.0 63.5 67.S 72.O 70.0 78.4 71.2- 63.6 71.7 57.2 68.1 Contingent liability on bills purchased for foreign correspondents 36,021 2,619 12,131 3,767 3,551 1,399 1,255 4,663 1,220 825 1,040 1,040 2,511 MATURITY DISTRIBUTION OF BILLS AMD 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 discounted 161,363 116,058 11,906 15,598 15,323 2,437 4l Bill bought in open market 9,616 2,295 1,100 4ll 5,809 1 Certificates and bills 868,290 15,200 116,997 290,556 84,883 215,454 145,200 Lfcaicipal war rants 1,862 1,732 38 23 69 * "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 Oil JULY 26, 1933 (In thousands of dollars) B~801d Total Boston New York Phila* Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans Cy, Dallas San Fran, # Federal reserve notes: Issued to F.R # bank by F*R.Agent 3,280,67^ 2^2,539 725,06s 254,026 319,58S 145,015 13s,6s3 793,831 1^8,670 93,894 I2i f i6g 36,525 261,607 Held by Federal reserve bank: 276,622 21,13^ 8lM3 IS,316 15,^39 8,121 22 f 91S 30,55011^973 3,507 10,453 2,911 ^3,817 In actual circulation 3,004,052 221,405 637,585 235,710 304,1U9 136,394 115,765 763,231 136,697 90,337 110,715 33,674 217,790 Collateral held by agents as security for notes issued to bank: Gold and gold certificates 1,514,497 72,092 523,606 97,450 107,270 49,330 21,550 437,222 42,694 30,279 21,490 19,014 92,500 Gold fund - I. R. Board 1,221,935 163,517 33,100 34,550 130,500 77,505 73,000 303,000 73,700 37.500 34,300 5,000 95,763 Eligible paper 93,276 7,365 31,4O6 14,735 3,332 7,193 4,635 4,525 1,196 2,617 3.059 3.772 9,336 U.S.Gov1t securities 439,200 100,000 53,000 75,000 15,000 42,000 50,000 27,000 25,200 15,000 10,000 72,000 # Total collateral 3,323,90s 242,974 733,112 254,735 321,102 149,033 141,135 799,747 149,590 95,596 124,349 37,736 269,649 FEDERAL RESERVE BAiJK MOTE STATEMENT OH JULY 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 notes: Issued to F # R„Barik(Outstanding) 145,922 14,175 64,027 7,793 10,333 — 2,490 33,403 480 1,330 997 6,029 4,250 Held by Federal reserve bank 23,27s 2,096 11,730 458 2,845 ~ 172 2,171 56 442 15 3,133 60 In actual circulation 122,644 12,079 52,247 7,3*40 8,043 -- 2,31s 31,237 424 933 982 2,846 4,190 Collateral pledged against outstanding notes: Discounted and purchased bills 2,274 1,507 — 294 209 264 ~ U*S*Govt # securities 165,274 20,000 64~274 8,000 10,000 — 3,000 4o,ooo 5,000 2,000 1,000 7,000 5,000 Total collateral I67,5US 20,000 6^,274 8,000 11,507 3,294 4o f ooo 5,209 2,000 1,000 7,264 5,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis