H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR TEE PRESS Released for publication B-SOl Friday morning, Aug. 11; Federal Reserve Board not earlier. August 10, 1933# CONDITION OF FEDERAL RESERVE BANES The daily average volume of Federal reserve "bank credit outstanding during the week ended August 9, as reported by the Federal reserve banks, was $2,215*000,000, an increase of $6,000,000 compared with the preceding week aiid a decrease of $161,000,000 compared with the corresponding week in 1932• On August 9 total Federal reserve bank credit amounted to $2,220,000,000, an increase of $12,000,000 for the week. This increase corresponds with increases of $57$000,000 in member bank reserve balances and $7000,000 in -unexpended capital t funds, nonmember deposits, etc., offset in part by a decrease of $10,000,000 in money in circulation and an increase of $Ul,000,000 in Treasury currency, adjusted. Bills discounted decreased $3,000,000 at the Federal Reserve Bank of Atlanta, $2,000,000 at Hew York and $8,000,000 at all Federal reserve banks* The System's holdings of bills bought in open market show practically no change for the week, while holdings of United States bonds increased $1,000,000, of Treasury notes $5,000*000 and of Treasury certificates and bills 000,000. Changes in the amount of reserve bank credit outstanding and in related items during the week and the year ended August 9, 1933* were as follows: Increase or decrease since Aug* 9 Aug. 2 Aug. 10 1933 1933 J322_ (In millions of dollars) Bills discounted 15b - S — 296 Bills bought S — 31 U. S. Government securities 2,0Ug +10 + 197 Other reserve bank credit S +10 - 7 TOTAL RESERVE BMK CREDIT 2,220 +12 137 Monetary gold stock ^,320 — + 315 Treasury currency adjusted 1,989 +1^1 4* 190 Money in circulation 5,60S -10 99 Member bank reserve balances 2,376 +57 + 31U Unexpended capital funds,nonmember deposits,etc. 5^5 + 7 + 153 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday rooming, Aug, 11,1933; no,fc earlier. B-SOla ASSETS AITD LIABILITIES OF THE TWELVE! FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) 9i1933 Aug. 2,1933 Au^. 10,1932 A S S E TS Gold iixtli Federal reserve agents . . . .. 2,756,^9 2,7^7,289 2,018,692 Gold redemption fund with U.S.Treasury . . 37,729 33,560 62,173 Gold held exclusively against F.R.notes 2,79^,218 2,7S5,si+9 2,080,865 Gold settlement fund y?ith F.R. Board . . . 5I+I,709 532,723 256,673 Gold and gold certificates held by banks . 21+1,360 240,933 3l+2,8S8 2,680,1+26 Total gold reserves 3,577,787 3,559,510 21+8,333 251JSU 273,5^8 Total gold reserves and other cash . .. 3,226,620 3,811,291+ 2,953,97*+ Redemption fund - F. R. bank notes . . 8,839 7,61+0 — Bills discounted: Sec. by U.S. Government obligations . . 37,^12 39,331+ 166,51+3 Other bills discounted . . . . . . .. lis,s56 123,70s 285,395 Total bills disco-anted . . . .. 156,26a 163,51+2 1+51,938 Bills bought in open market . . . . . .. 7,636 8,213 38,720 U. S. Government securities: Bonds 1+1+1,796 1+1+1,1+63 1+20,858 Treasury notes 736,023 730,67s 351,027 Certificates and bills . 370,1+01 865,787 1,079,126 Total U.S. Government securities 2,0l+C,2S0 2,037,92s 1,851,011 Other securities 1,361 l.gi+6 6,009 Total bills and securities . . . 2,2ll+,01+5 2,211,529 2,3^7,678 Due from foreign banks l+,020 l+,029 2,732 F. R. notes of othur banks . . . . . .. 15,822 17,321 13,636 Uncollected items . . .. . 331,005 37^,170 299,398 Bank premises 5^52 5M17 58,119 All other assets' 51,38*+ 50,lS3 1+8,067 TOTAL ASSETS 6,506,187 6,531,083 5,723,601+ L I A B I L I T I ES F. R. notes in actual circulation . . .. 2,999,21+5 3,ooi+,6o5 2,31+3,605 F. R. bank notes in actual circulation . 112266,,556633 126,632 __ Deposits: Member bank - reserve account . . . .. 2,375,366 2,313,239 2,062,1+55 Government 2^,1+03 56,229 26,175 Foreign bank 30,922 18,661+ 10,1+02 Special deposits - member bank . . .. si,oi+9 si,053 — nonnember bank . . 22,130 21,3^1 -- Other deposits . . . . . . . . . . .. 62,017 66,603 35,587 Total deposits 2,595,59s 2,563,918 2,13^,619 Deferred availability items . . . . .. 328,316 381,537 293,275 Caoital paid in 11+6,21+3 11+6,256 153,582 Surplus 27s,599 278,599 259,1+21 All other liabilities 31,123 29,536 39,102 TOTAL LIABILITIES 6,506,137 6,531,083 5,723,601+ Ratio of total gold reserves and other cash* to deposit and F. R. note liabilities combined . 6s.i+$ 68.1+$ 59.3$ Contingent liability on bills purchased for foreign correspondents , 36,335 37,12-3 59,528 * "Other cash" does not include F. R. notes or a bank's own F. R. bank not Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AHD LIABILITIES OF THE FEDERAL RESERVE BAKfKS 01T AUGUST 9, 1933 A S S E TS (In thousands of dollars) B-SOlb Total Boston lie?/ York Phila, Cleve. Rich, Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,756,4^9 2*K),609 601,706 180,000 237,770 124,835 95.550 768,682 121 69,296 106,290 27,014 183,263 Gold redenrotion fund with U.S.Treas. 37,729 1,500 7,54l 3,755 4,571 1,281 2,581 3,658 l,2So 1,858 -1.506 1,119 7,073 Gold held exclusively against F, R. notes 2,794,218 242,109 609,247 183,755 242,341 126,116 98,131 772,3^ 122,760 71,154 107,796 28,133 190,336 Gold settlement fund with F.R.Board • 541,709 2!ls785 152,780 13,909 44,543 17,982 13,934 151,615 28,813 19,669 29,555 18,132 25,992 Gold and gold certif, held "by "banks1 24l,860 22-318 135,557 I4847 4,046 4,937 3.660 6.672 746 491 12.611 5.229 ^0.746 s Total gold reserves 3,577,727 259,212 897,534 212,511 290,930 1^*035 115,725 930,627 152,319 91,314 149,962 51,494 247.074 Other cash* 248,833 lb,671 75,462 27,190 23,263 13,073 11,555 30,711 10,547 4,528 10,183 7,610 o4o Total gold reserves & other cash 3,826,620 305,223 973,046 239,701 314,193 162,108 127,280 961,338 162,866 95,842 160,145 59,104 265,114 Redemption fund - F.R.bank notes 8,839 844 3,067 3S7 581 169 2,798 100 98 50 496 224499 Bills discounted: Secured by U.S.Govt, obligations 3377,,441122 11--994455 i4,6ll 5,158 3,176 2,207 290 1,162 505 91 286 592 7,389 Other bills discounted 118,856 4,852 31 s 038 26,388 7.840 11.386 5.361 9.643 1,638 4.111 4.503 3.829 8.267 Total bills discounted 156,26s 6,797 45,649 31,546 11,016 13,593 5,651 10,805 '2,143 4,202 4,789 4,421 15,656 Bills bought in open market 7,636 502 2,316 722 675 266 239 894 198 134 198 197 1,295 U,S. Government securities: Bonds 441,796 22,154 178.897 29,439 34,155 10,987 10,480 69,034 14,375 16,725 13,013 17,135 25,402 Treasury notes 736,o?5 45,282 272,472 55,072 72,097 23,199 22,092 103,516 29,290 19,334 24.994 15,062 53,623 Certificates and bills 870,4ci 50,688 306,622 61,888 81,024 26,072 24,824 159,070 32,917 21,814 2o,O^S 16 s 92s 60,265 Total U.S.Govt, securities 2,o4s > £*;o 112,324 757,991 146,399 187,276 60,258 57,396 331,620 76,582 57,923 66,096 1*9,125 139,290 Cther securities l,86l — 1,262 510 — — — 50 -39 — —— Total bills and securities 2,214,045 125,623 807,218 179,177 198,967 74,117 63,286 343,369 78,923 62,298 71,083 53,743 156,241 Eae from foreign banks 4,020 307 1,463 442 399 157 l4l 548 28 19 117 117 282 r. R. notes of other banks 15,822 331 4,176 373 946 921 1,180 3,390 822 697 942 277 1,762 L'acollected items 331,005 36,753 84,287 27,446 31,651 29,368 9,246 43,552 13,947 9,013 18,665 11,409 15,668 Tank premises 5^,1+52 3,280 12,818 3,530 6,929 3,238 2,422 7,608 3,285 1,747 3,559 1,792 4,244 111 other assets 51,384 750 26,196 3,99s 2,576 3,801 4,620 1,96s 655 1,413 2,743 1,450 1,214 TOTAL ASSETS 6,506,187 473,771 1,912,271 455,059 556,242 273,710 208,344 1,361+,571 260,626 171,127 257,304 128,388 444,774 * "Other cash" does not include F, R, notes or a tank's own F, R. "bank, notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS Al® LIABILITIES OF THE FEDERAL RESERVE BANKS ON AUGUST 9, 1933 L I A B I L I T I ES (In thousands of dollars) B-801c Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 2,999f2*+5 223,205 640,436 235,21+3 302,531+ 135,081 116,190 757,390 135,725 90,6si+ 111,163 33,5^9 217,485 TT*B*"bank notes in actual circulation 126,563 11,916 52,332 7,60S 9,1+149 — 2,130 31,313 484 1,1+09 984 4,718 4,170 Deposits: Member tank - reserve account 2,375§866 160,063 936,651 125,923 11+9,291 77,176 56,049 417,327 77,527 53,l4i 106,564 60,015 156,139 Government 2^,403 1,387 8,605 201 3,977 1,677 800 1,214 21+5 1,3^7 2,081 1,657 1,212 Foreign "bank 30»922 2,258 10,322 3,2% 3,062 1,206 1,083 4,021 1,052 711 897 897 2,165 Special deposits: member "bank 81,0^9 2,1+53 5,963 9,338 6,1+1+1+ 4,700 2,518 34,800 4,374 1,650 2,762 301 5,746 nonmember bank 21,341 787 1,816 122 2,1+91+ 164 7,391 6,782 813 151 821 Other deposits 62,017 4,033 21,140 55. 5,886 4,698 2,280 10,765 3,358 1,155 279 735 7,633 Total deposits 2, 595,592 170,191+ 983,1+68 11+0,581 168,782 91,951 62,894 475,518 93,338 58,817 112,73*+ 63,605 173,716 Deferred availability items 328,816 36,652 78,980 25,704 32,155 29,156 8,876 43,438 15,584 9,191 18,984 12,764 17,332 Capital paid in 11+6,21+3 10,726 58,532 15,814 12,388 5,005 4,951 13,188 4,0l4 2,872 4,311 3,741 10,701 Surplus 278,599 20,1+60 85,058 29,242 28,294 11,616 10,544 39,^97 10,186 7,019 8,263 8,719 19,701 All other liabilities 31,123 618 13,^15 867 2,64O 901 2.759 3,727 1*235 1,135 865 1.292 l.66q TOTAL LIABILITIES 6,506,187 473,771 1,912,271 455,059 556,242 273,710 208,344 1,364,571 260,626 171,127 257,304 128,388 444,774 Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined 68.4 77.8 59.9 63.S 66.7 71.4 71.1 77,9 71.1 64,1 71.5 60.8 67.8 Contingent liability on bills purchased for foreign correspondents 36,885 2,710 12,163 3,898 3,675 1,299 4,826 1,262 854 1,076 1,076 2,598 MATURITY DISTRIBUTION OF BILLS AND 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 156,268 115.589 13,580 16,160 9,308 1,593 38 Bills bought in open market 7,636 1,317 157 1,325 4,837 Certificates and bills 870,401 116,995 48,450 279,189 58,025 214,509 153,233 Municipal warrants l,s6l 1,701 38 33 89 * "Other cash" does not include F. R. notes or a bank's OTO F. R. bank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE HOTE STATEMENT ON AUGUST 9. 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 3,274,216 246,560 727,691 251,024 318,319 144,957 139,296 788,122 146,921 93,87s 120,364 35,914 261,170 Held by Federal reserve basic 274,971 23,355 87,255 15,781 15,785 9,876 23,106 30,232 11,136 3,194 9,201 2,365 43,685 In actual circulation 2,999»245 223,205 640,436 235,243 302,534 135,081 116,190 757,890 135,785 90,684 111,163 33,549 217,485 Collateral held by agents as security for notes issued to bank Gold and gold certificates 1,517,054 72,092 523,606 97,450 107,270 49,330 21,550 439,682 42,774 30,296 21,490 19,014 92,500 Gold fund - F. R. Board 1,239,435 168,517 78,100 82,550 130,500 75,505 74,000 329,000 78,700 39,000 84,800 8,000 90,763 Eligible paper 97,207 6,772 27,315 13,996 9,300 7,594 3,627 4,018 1,226 2,443 3,030 3,882 14,004 U.S.Gov't, securities 475., 700 5-ooo 120,000 60,000 75,000 15,000 42,000 .120,000 25,000 23,200 15,000 5,500 70,000 Total collateral 3,329,396 252,381 749,021 253,996 322,070 147,429 141,177 792,700 147,700 94,939 124,320 36,396 267,267 FEDERAL RESERVE BANK NOTE STATEMENT Oil AUGUST 9, 1933 (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Federal reserve bank notes: Issued to F.R.bank(Outstanding) 148,773 14,124 63,841 7,733 ll,44o 2,189 33,418 560 1,458 995 8,766 4,249 Held by Federal reserve bank 22,210 2,208 125 1,991 59 2,105 76 11 4,o4s In actual circulation 126,563 11,916 52,382 7,608 9,449 2,130 31,313 4s4 1,409 984 4,718 4,170 Collateral pledged against outstanding notes: Discounted and purchasod bills 2,523 l,6ll 266 36s 278 U.S.Govt, securities 172,274 20.000 6^274 8,000 15,000 3,000 4o.ooo 5,000 2,000 1,000 9,000 5,000 Total collateral 174,737 20,000 64,274 8,000 l6,6ll 3,266 4o,ooo 5,368 2,000 1,000 9,278 5,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis