H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PHESS Released for publication B-S01 Friday morning, Aug Federal Reserve Board # not earlier. August 3, 1933 COEDITIOIT OF FEDERAL RESERVE BANES The daily average volume of Federal reserve bank credit outstanding during th§ week ending August 2, as reported by the Federal reserve banks, was $2,209,000,000, an increase of $9,000,000 compared with the preceding week and a decrease of $207,000,000 compared with the corresponding week in 1932* On August 2 total reserve bank credit amounted to $2,208,000,000, an increase of $7 000,000 for the week. This increase corresponds with increases of t $17,000,000 in money in circulation, $13,000,000 in member bank reserve balances and $9,000,000 in unexpended capital funds, nonmember deposits, etc , offset in # part by an increase of $32,000,000 in Treasury currency, adjusted* Bills discounted increased $2,000,000 at the Federal Reserve Bank of San Francisco and $3,000,000 at all Federal reserve banks. The System's holdings of bills bought in open market and of Treasury certificates and bills declined $2,000,000 each, while holdings of Treasury notes increased $13,000,000, Changes in the amount of reserve bank credit o\it standing and in related items during the week and the year ending August 2, 19331 W8re as follows: Increase or decrease since Aug. 2 July 26 Aug. 3 1933 J iL 1932 (In millions of dollars) Bills discounted 16k + 3 - 323 Bills bought s - 2 - 33 U. S. Government securities 2,03s + 10 + 192 Other reserve bank credit -1 - 3 - 15 TOTAL RESERVE BANK CBEDIT 2,20S 7 - ISO Monetary gold stock U,320 + 333 Treasxiry currency adjusted 1,9^3 + 32 + 191 Money in circulation 5,618 4- 17 - 110 Member bank reserve balances 2,319 + 13 + 307 Unexpended capital funds,nonmember deposits etc 53S + 9 + 1U7 f Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, Aug, 4,1933; earlier, B-SOla ASSETS AM) LIABILITIES OF THE TWELVE FEDERAL RESERVE 3AECS COMBINED (In thousands of dollars) Aug. 2,1?33 July 26,1933 Aug. 3, 1932 A S S E TS Gold with Federal reserve agents • • . . . 2,7^7,2S9 2,736,432 1,987,282 Gold redemption fund with U # S*Treasury . , 38,560 39,457 62,986 Gold held exclusively against ]? R notes 2,775,889 2,050,268 # # Gold* settlement fund with F.R t Board . # 532,723 531,160 245,805 Gold and gold certificates held by hanks 240,938 241,610 347,780 # Total gold reserves 3,559,510 3,548,659 2,643,853 Other cash* . . # • • •# • »• 251, 269,111 272,219 • Total gold reserves and other cash . . . 3,211,294 3,817,770 2,916,072 Redemption fund - F. R. bank notes . . . . 7 1f» 6 4o 7,791 — Bills discounted: Sec. by U.S. Government obligations , . 39.S3U 37,053 182,088 Other bills discounted • 123,70s 124,310 305.095 Total bills discounted 163,5^2 161,363 487,183 Bills bought in open market . . . . . .. 88,,221133 9,616 40,693 U. S. Government securities: Bonds . 1+14-1, U63 441,087 420,934 Treasury notes . . • . . • 730,67s 718,197 323,078 868,290 Certificates and bills . . . . . • . . 865,7S7 1,102,123 Total U*S. Government securities 2,037,92s 2,027,574 1.846,135 1,862 Other securities . . • . . . • » • • , •• 1,846 6,028 Total bills and securities . # 2,211,529 2,200,415 2,380,039 Due from foreign banks . • . 4,029 4,025 2,891 17,610 F. R. notes of other banks . . . . . . .. 17,521 13,24s Uncollected items . . . . . . . . . . .. 374,170 364,593 328,222 Bank premises . . . . .. # 54,417 54,370 58,119 All other assets • • • » , .. 50.1S3 52,399 47,811 TOTAL ASSETS * . . . . 6,531,083 6,518,973 5,746,402 L I A B I L I T I ES F* R. notes in actual circulation . . . • 3,OOH,6O5 **3,003,635 2,857,805 126,632 F # R. bank notes in actual circulation . . **123,011 — Deposits: 22,,330066,,336666 22,,001122,,113344 Member bank - reserve account * . # . t 2,319,239 Government 56,229 Si,7S6 55,972 Foreign bank 18,^64 19,833 10,807 Special deposits - member bank . . . . si,053 81,438 — nonmember bank # . . 22,130 20,641 — 66,603 Other deposits • 63,645 36,422 Total deposits . . • . 2,563,912 2,573,709 2,115,335 Deferred availability items . . . . . .. 381.537 368,299 323,232 Capital paid in . . , 146,256 146,248 153,700 # # Surplus . . . . .. . . . • 27S,593 278,599 259,421 All other liabilities • . . . . 29,536 25,422 36,909 TOTAL LIABILITIES . . . . 6,531,083 6,518,973 5,746,402 Ratio of total gold reserves and other cash* to deposit and F. R. note liabilities combined 68.4$ **6s.5$ 58.6$ Contingent liability on bills purchased 3366,,002211 for foreign Correspondents. . . . . .. 37,123 5599,,449966 * "Other cash" does not include F. R. notes or a bank's ovm F.R.barik notes. ** Revised figures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AlTD LIABILITIES OF THE FEDERAL RESERVE MNKS OH AUGUST 2, 1933 A S S E TS (In thousands of dollars) B~801b Total Boston Hew York PMla. Cleve. Rich. Atlanta I Chicago St,Louis Minn, Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,7^7,239 230,609 601,706 130,000 237,770 124,835 9^,550 776,432 119,474 63,296 106,290 24,014 133,263 Gold redemption fund with U.S.Treas. 38,560 1,5^0 7,34-3 3,324 4,714 1,264 2,6l4 3,735 1,3^ 1,869 1,521 1,128 7,118 Gold held exclusively against F. a. 2,735,349 232,149 609,549 133,324 242,4s4 126,099 97,164 780,267 120,814 70,165 107,811 25,142 190,381 notes 532,723 21,550 154,232 12,919 50,24l 1S,040 10,668 l4l,4SS 27,540 20,784 29,053 20,391 25,817 Gold settlement fund with F.R.Board Gold and gold certif. held "by banks 240,938 22,158 13^,956 14,762 3,971 4,840 3,630 7,1^3 6g4 474 12,531 5,204 30,575 Total gold reserves 3,559,510 275,357 898,737 211,505 296,696 148,979 111,462 928,39s 149,o4s 91,423 149,395 50,737 246,773 Other cash* 251,724 lb,328 74,533 27,792 24,449 13,643 12,136 31,769 9,864 ^,717 10,995 7,656 17,3^7 Total gold reserves & other cash 3,811,294 292,685 973,320 239,297 321,145 162,627 123,593 960,667 153,912 96,l4o 160,390 58,393 264,120 Redemption fund - F.R.bank notes 7,640 344 3,067 390 531 — 169 1,793 100 93 4s 296 249 Bills discounted: 15,612 2,106 320 52s 290 Secured "by U.S.Govt, obligations 39,334 1,699 5,189 3,^20 932 108 990 3,590 Other bills discounted 123,703 5,362 32,259 27,535 7,515 11,651 8,367 9,7^2 2,065 M 57 ^,536 3,75^ 6,715 Total bills discounted 163,5^2 7,061 ^7,371 32,724 10,935 13,757 8,637 10,724 2,593 4,265 M 76 4,744 15,305 Bills bought in open market 3,213 502 2,532 722 675 266 239 894 193 13* 19s 297 1,556 U. S. Government securities: Bonds 441,463 21,860 130,972 29,421 34,O4I 10,361 10,403 67,395 14,277 16,635 12,593 17,163 25,292 Treasury notes 730,673 44,316 27^,950 54,612 71,31^ 22,752 21,772 100,33s 23,360 19,222 24,556 14,999 52,987 Certificates and bills 865,737 49,393 309,9^ 61,491 30,297 25,620 24,513 155,712 32,495 21,621 27,6% 16,333 59,661 765,866 185,652 56,633 Total U.S.Govt, securities 2,037,923 116,074 145,524 59,233 323,9^5 75,632 57,523 64,796 49,050 137,9^ Other securities 1,346 — 1,267 510 — — — 50 — 19 — — — Total bills and securities 2,211,529 123,637 817,536 179,^30 197,262 73,256 65,614 335,613 78,423 61,946 69,870 54,091 154,301 Dae from foreign banks M29 307 l,*+72 442 399 157 l4l 548 28 19 117 117 282 F. R. notes of other banks 17,321 4oo 6,907 46o 811 1,538 375 2,977 1,005 392 962 293 1,201 Uncollected items 37^,170 ^2,511 98,415 28,939 37,590 31,922 10,476 49,800 14,133 9,643 21,152 12,431 17,108 Bank premises 54,417 3,280 12,818 3,^35 6,929 3,238 2,422 7,608 3,235 1,7^7 3,559 1,792 4,244 All other assets 50,183 757 25,195 3,661 2,582 3,832 4,655 1,941 669 1,^39 2,325 1,464 1,163 TOTAL ASSETS 6,531,083 464,421 1,938,730 456,214 567,299 276,570 207,950 1,360,952 256,555 171,424 253,923 123,377 443,168 * "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

ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 2, 1933 L I A B I L I T I ES (in thousands of dollars) B--801c Total Boston Hew York Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy Dallas San Fran, 642,856 235,896 300,722 F.R.notes in actual circulation ,004,605 223,175 136,451 115,981 759,741 136,953 90,790 111,552 33,526 216,962 P.R.bank notes in actual circulatio: 126,632 12,142 52,999 7,684 9,204 — 2,169 31,318 458 1,353 987 4,114 4,204 Deposits: 927,815 121,631 154,639 60,419 151,71+0 Member tank - reserve account ,319,239 143,317 71,109 53,35^ 4o6,44o 71,834 52,377 104,564 6,566 834 1,892 Government 56,229 3,191 22,412 3,467 3-^94 3,561 1,572 2,5^7 3,034 3,659 Foreign tank 18,664 1,192 7,793 1,714 1,616 637 571 2,122 555 375 473 473 1,143 Special deposits: member bank 81,053 3,194 6,042 9,250 6,380 ^,901 3,431 33,473 4,114 1,583 2,705 293 5,681 nonmember bank 22,130 — 939 1,906 151 3,022 209 7,o4l 7,098 776 167 — 821 Other deposits 66,603 4,085 22,887 130 6,024 7,494 3,571 8,267 3,059 1.239 171 957 8,719 Total deposits ,563,918 15^,979 987,888 138,098 175,376 90,657 61,970 460,904 88,232 58,897 111,114 64,o4o 171,763 Deferred availability items 381,537 42,378 99,204 28,649 38,739 31,914 9,502 52,741 15,606 9,302 21,913 13,384 18,205 Capital paid in 146,256 10,728 58,532 15,814 12,386 4,991 4,928 13,239 4,016 2,869 4,311 3,741 10,701 Surplus 278,599 20,460 85,058 29,242 28,294 11,616 10,544 39,^7 10,186 7,019 8,263 8,719 19,701 2,856 1,632 All other liabilities 29,536 559 12 193 831 2,57S 941 3,512 1.104 1,194 783 1,353 s 6,531,083 464,421 1,938,730 567,299 276,570 207,950 1,360,952 171,424 252,923 443,168 TOTAL LIABILITIES 456,214 256,555 128,877 Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined 68.4 77.4 59.7 64.0 67.5 71.6 69.5 78.7 70.6 64.2 72.C 59.8 67.9 Contingent liability on bills purchased for foreign correspondents 37,123 2,710 12,401 3,898 3,675 1,448 1,299 4,826 1,262 85^- 1,076 1,076 2,598 MATURITY DISTRIBUTION OF BILLS AHD 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 163,51+2 121,061 13,839 14,671 11,782 2,152 37 1,250 Bills bought in open market 8,213 688 1+88 5,786 1 153,200 Certificates and bills 865,787 113,644 46,700 275,001 73,^13 203,829 Municipal warrants 1,846 1,706 1+8 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 HOTS STATEMENT OH AUGUST 2, 1933 (In thousands of dollars) B-801d Total Boston Hew 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 3,270,681 243,366 726,062 251,975 317,04s l44,9S5 138,578 789,686 147,409 93,^99 120,224 35,752262,097 Held "by Federal reserve bank 266,076 20,191 83,206 16,079 16,326 8,534 22,597 29,945 10,456 2,709 8,672 2,226 45,135 In actual circulation 3,004,605 223,175 642,856 235,296 300,722 136,451 H5,98l 759,741 136,953 90,790 111,552 33,526 216,962 Collateral held "by agents as security for notes issued to bank: Gold and gold certificates 1,515,854 72,092 523,606 97,450 107,270 49,330 21,550 438,482 42,774 30,296 21,490 19,0l4 92,500 Gold fund - F. R. Board 1,231,1*35 158,517 78,100 82,550 130,500 75,505 73,000 338,000 76,700 38,000 s4,soo 5,000 90,763 Eligible paper 100,480 6,896 28,738 14,388 9,208 7,435 5,275 M 73 1,653 2,463 3,058 4,383 12,800 U.S.Gov't, securities 477,200 10,000 110,000 60,000 75,000 15,000 42,000 20,000 27,000 23,200 15,000 8,000 72,000 Total collateral 3,324,969 247,505 740,444 254,388 321,97s 147,270 141,825 800,655 148,137 93,959 124,34s 36,397 268,063 FEDERAL RESERVE BAM HOTE STATEMENT OH AUGUST 2, 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.bank(outstanding) 147,098 14,124 63.841 7,798 li,44o -- 2,189 33,338 560 i,37S 995 7,186 4,249 Held by Federal reserve bank 20,466 1,982 10.842 li4 2,236 — 20 2,020 102 25 s 3,072 45 In actual circulation 126,632 12,142 52,999 7,684 9,204 — 2,169 31,318 458 1,353 987 4,114 4,204 Collateral pledged against outstanding notes: Discounted and purchased bills 2,512 1,622 — 282 329 279 U.S.Govt, securities 171,274 20,000 64^274 8,000 15,000 — 3,000 40,000 5,000 2,000 1,000 8,0:0 5,000 Total collateral 173,786 20,000 64,274 8,000 16,622 — 3,282 40,000 5,329 2,000 1,000 8,279 5,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis