H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-SOl Friday morning, Aug. IS; Federal Reserve Board not earlier. August 17, 1933 • CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve tank credit outstanding daring the week ended August l6* as reported by the Federal Reserve "banks, was $2,230,000,000, an increase of $15,000,000 compared with the preceding week and a decrease of $122,000,000 compared with the corresponding week in 1932» On August 16 total Reserve hank credit amounted to $2,2^0,000,000, an increase of $20,000,000 for the week. This increase corresponds with an increase of 000,000 in hk>ney in circulation and a decrease of $23,000,000 in Treasury currency, adjusted, offset in part by a decrease of $5,000,000 in member bank reserve balances # Bills discoimted increased $10,000,000 at the Federal Reserve Bank of San Francisco and a like amount at all Federal Reserve banks. Che System's holdings of bills bought in open market show practically no change for the week. Holdings of Treasury certificates and bills decreased $81,000,000, while those of United States Treasury notes increased $91,000,000 and of United States bonds $1,000,000. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended August 16, 1S33» were as follows: Increase or decrease since Aug. 16 Aug. 9 Aug. 17 1933 1933 1932 (In millions of dollars) Bills discounted 166 + 10 _ 277 Bills "benight 7 - 1 - 29 U. S. Government securities 2,059 + 11 + 20s Other reserve bank credit S 6 — - TOTAL RESERVE BAM CREDIT 2,2*40 + 20 _ 10U Monetary gold stock 1+.321 + 1 + 275 Treasury currency adjusted 1,966 — 23 + 17s Money in circulation 5,612 + u _ 91+ Member bank reserve "balances 2,371 - 5 + 291 Unexpended capital funds, nonmember deposits,etc. 54U 1 + 152 - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Aug. 18,1933; not earlier. B-SOla ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Aug. 16,1933 A^. 9,1933 AU^. 17, 1932 A S S E TS Gold with Federal reserve, agents . . .. 2,752,404 2*756,489 2,046,992 Gold redemption fund with U.S.Treasury . 37,003 37,729 61,476 Gold held exclusively against F.R.notes 2,789,407 2,794,218 2,108,468 Gold settlement fund with F.R. Board . . 548,124 541,709 261,792 Gold and gold certificates held by banks 244,636 241,860 357,197 Total gold reserves . . .. . . 3,582,167 3,577,787 2,727,457 Other cash* 240,939 248,833 273,077 Total gold reserves and other cash . . 3,823,106 3,826,620 3,000,534 Redemption fund - F. R. bank notes . . . 88,,550055 8,839 — Bills discounted: Sec. by U.S. Government obligations . . 42,4IO 37,412 161,837 Other bills discounted 123,481 118,856 281,023 Total bills discounted . . . .. 165,391 156,268 442,860 Bills bought in open market 77,,445566 7,636 35,890 U. S. Government securities: Bonds 1+1+2,771 441,796 420,815 Treasury notes . . .. 826,941 736,083 369,084 Certificates and bills . .. 789,l4l 870,401 1,061,147 Total U.S. Government securities . . 2,058,853 2,048,280 1,851,046 Other securities 1,8?1 1,861 6,019 Total bills and securities . . .. 2,23^,051 2,214,045 2,335,815 Due from foreign banks 4,020 4,020 2,667 F. R. notes of other banks 15,970 15,822 14,764 Uncollected items 409,598 331,005 345,865 Bank premises . . . . . .. 54,452 54,452 58,121 All other assets . . . . . .. 50,729 51,384 45,228 TOTAL ASSETS 6,600,431 6,506,187 5,802,994 L I A B I L I T I ES F. R. notes in actual circulation . . . 2,996,314 2,999.245 2,838,772 F. R. bank notes in actual circulation . 128,188 126,563 — Deposits: Member bank - reserve account 2,370,866 2,375,866 2,079,658 Government 48,383 24,403 48,503 Foreign bank .. . . .. 29,878 30,922 10,418 Special deposits - member bank . . .. 80,775 81,049 — nonmember bank . .. 19,421 21,341 Other deposits . . . .. 67,15?, 62.017 35,241 Total deposits 2,616,475 2,595,598 2,173,820 Deferred availability items 407,219 328,816 340,799 Capital paid in . 146,182 146,243 153,430 Surplus 278,599 278,599 259,421 All other liabilities . .. 27,454 31,123 36,752 TOTAL LIABILITIES. . . . 6,600,431 6,506,187 5,802,994 Ratio of total gold reserves and other cash* to deposit and F. R. note liabilities combined 6688..11$$ 6688..44$$ 59.9$ Contingent liability on bills purchased 6600,,225544 for foreign correspondents . . . . .. 38,257 3366,,888855 * "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 AND LIABILITIES 0? THE FEDERAL RESERVE BAMS 0U AUGUST l6, 1933 A S S E TS (In thousands of dollars) B-801b Total Boston Hew York Phila. Cleve. Rich.. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal reserve agents 2,752,404 235,409 6l6,706 122,000 237,770 123,130 95,750 769,302 116,474 69,296 106,290 27,014 173,263 Gold redemption fund with. U.S.Treas. 37,003 1,396 7,335 3,70*+ 4,468 1,268 2,564 3,536 1,277 1,828 1,474 l,ll4 7,039 Gold held exclusively against F. R; notes 2,789,^7 236,805 624,04l 185,704 242,238 124,398 98,31^ 772,838 117,751 71,124 107,764 28,128 180,302 Gold settlement fund with F.R.Board 543,124 21,121 174,756 l6,l6l 36,277 23,590 15,502 150,258 24,338 17,31s 24,016 17,245 27,5^2 Gold and gold cer tif.Jaald by banks 244,636 22,538 135,905 14,901 4,102 2,669 3,520 5,965 786 546 12,660 5,23^ 35,810 Total gold reserves 3,582,167 280,464 934,702 216,76b 282,617 150,657 117,336 929,061 142,875 88,988 i44,44o 50,607 243,654 Other cash* 240.939 15.669 .71,527 27.315 23,642 12,138 10,841 29,928 10,249 4,924 9,881 JJL35J 17,468 Total gold reserves & other c;a sh 3,323,106 296,133 1,006,229 244,081 306,259 162,795 128,177 958,989 153,124 93,912 154,321 57,964 261,122 Redemption fund - F.R.bank noteiB 8,505 844 2,906 387 539 — 13* 2,710 98 97 50 493 247 Bills discounted; Secured by UTS.Govt, obligations 42,410 1,723 17,023 5,564 3,901 2,347 393 1,550 480 201 143 210 8,875 Other bills discounted 123,481 4,260 30,5^8 25,584 8,001 10,093 5,825 8,216 2,143 3,858 4,200 3,811 16,942 Total bills discounted 165,891 5,983 ^7,571 31,148 11,902 12,4*40 6,218 9,766 2,623 4,059 4,343 4,021 25,817 Bills bought in open market 7,456 502 2,316 722 675 266 239 894 198 134 193 197 1,115 U.S.Government securities: Bonds ¥+2,771 22,257 178,464 29,376 34,100 11,018 10,483 69,856 14,390 16,680 13,64s 17,112 25,387 Treasury notes 826,91+1 50,531 303,148 61,047 79,952 25,839 24,559 123,796 32,567 21,483 27,824 16,671 59,524 Certificates and bills 789,1*+! 46,736 277,454 56,434 73.949 23,901 22.716 141,7^ 30,125 19,871 25,735 15,417 55,054 Total U.S.Govt, securities 2,058,853 119,524 759,066 146,857 188,001 60,75s 57,758 335,401 77,082 58,034 67,207 49,200 139,965 Other securities 1,851 1,252 510 — 50 — 39 — — — Total bills and securities 2,234,051 126,009 810,205 179.237 200,578 73,464 64,215 346,111 79,903 62,266 71,748 53,418 166,897 Due from foreign banks 4,020 307 1,^63 442 399 157 l4l 5148 28 19 117 117 282 F. R. notes of other banks 15,970 3^9 383 1,080 1,178 910 2,732 1,224 449 1,336 295 1,596 Uncollected items '409,598 46,590 106,369 33,680 41,221 35,769 11,094 53,107 16,875 10,906 22,591 13,654 17,742 Bank premises 54,1+52 3,280 12,818 3,530 6,929 3,238 2,422 7,60s 3,285 1,747 3,559 1,792 4,244 All other assets 50,729 771 25,903 4,029 2,560 3.SS4 4,518 1,833 6S0 1,396 2,495 1,^57 1,138 TOTAL ASSETS S,6oo J+3i 474,233 1,970,326 465,77^ 559,565 280,565 211,611 1,373,643 255,197 170,792 256,217 129,190 453,268 t * "Other cash" does not include F. R. notes or a bank's owi F. R. "bank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON AUGUST l6, 1933 (In thousands of dollars) 3~S01d Total Boston Hew York Phila. Cleve* Rich* Atlanta Chicago St.Louis Minn* ICans.Cy* Dallas San Fran. Federal reserve notes: Issued to F.R.bask by F.R.Agent 3,266,879 2^7,307 726,252 251,5^9 317,67^ 1^,731 139,82U 782,800 lH6,002 93,770 119.2U6 35,720 261,Hoh Held by Federal reserve bank 1+3,828 In actual circulation 2,996,31H 221,536 Sk2,k2S 236,246 300,59S 137,233 117,634 753,530 135,396 90,733 110,272 33»0S1 217,576 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 1,515,169 72,092 523,606 97/450 107,270 51,625 21,750 44o,302 42,774 30,296 21,490 19,014 87,500 Gold fund - F. 2. Board 1,237,235163,317 93,100 sU,550 130,500 71,505 74,000 329,000 73,700 39,000 s4,soo 8,000 85,763 Eligible paper 106,95s 3,03s 30,053 lk,233 10,22k 7,173 4,137 3.8531 1,726 2,161 2,619 3,752 23,991 U.S. Govt* securities M+2,700 12 '000 95,000 56,000 75,000 15,000 Us,000 10,000 29,000 23,200 15,000 5,500 65,000 3 Total collateral 3,302,062 2.50,^7 7^1,759 252,253 322,99^ 1^5,303 l4i,S8'7 753,133 147,200 94,657 123,909 36,266 262,254 FEDERAL RESERVE BAM 1T0TE STATESEET OF AUC-UST l6,1 933 (In thousands of dollars) Total Boston Few York Phila. ClovG. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal reserve bank notes: Issued to F.R.Bank( cut standing) 150,155 14,124 63,620 7,733 11,399 — 2,154 33,330 63S 1,537 990 10,323 4,?47 Held by Federal reserve bank 21,967 2,239 11,106 127 1,9^6 — 10S 1,595 117 105 13 4,501+ 107 In actual circulation 12S,1SS 11,SS5 52,57^ 7,6o6 9,4-53 -- 2,046 31,735 521 1,432 977 5,819 4,l4o Collateral pledged against outstanding notes: Discounted and purchased bills 2,196 1,573 2.64 359 U.S.Govt* securities 173,77^ 20,000 Sk'hb s,ooo 15,000 3,000 40,000 5,000 2,000 1,000 10,500 5,000 Total collateral 175,970 20,000 6^,27^ 8,000 16,573 3,264 4o,ooo 5,359 2,000 1,000 10,500 5,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1]D LIABILITIES OF THE FEDERAL RESERVE BAMS OH AUGUST 16, 1933 L I A B I L I . T I1 ! S (In thousands of dollars) 3—S01c To tal Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Mian. Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 2,996,314 221,536 642,429 236,246 300,59s 137,233 117,684 753,530 135,396 90,733 110,272 33,081 217,576 jalc notes in actual circulation. 128,183 11,885 52,574 7,606 9,453 — 2,046 31,735 521 1,432 977 5,819 4,1^0 Deposits: Member "bank - reserve account 2,370,866 151.121 967,774 125,813 148,963 72,919 55,651 409,06U 69,919 50,788 101,557 56,124 161,173 Government 48,383 3,022 15,207 3,111 2,036 3,211 1,804 7,837 2,120 2,124 1,526 3,271 3,n4 Foreign bank 29,878 2,178 10,011 3,132 2,953 1,161+ 1,04U 3,878 1,014 686 S6R 865 2,088 Special deposits: member bank SO,775 2,368 6,089 9,929 6,174 4,602 2,427 33,997 1,716 3,oi§ 301 5,64s nonmeriber bank 19,4-21 — 2211,,33 77 44 44 00 33 1,953 227 2,530 213 7,590 4,565 594 153 — S53 Other deposits 67,152 3,721 574 5,l4i 5,277 1,967 14,921 3,200 1,270 91s 1,272 7.551 Total deposits 2,616,475 162,410 1,021,164 14U.572 165,494 39,703 63,106 477,287 85,263 57.178 108,038 61,833 180,427 Deferred availability items 407,219 100,782 31,424 4O,74S 36,095 10,490 54,370 18,776 10,481 23,562 14,74s 19,074 Capital paid in 146,182 10,740 58,534 15,748 12,393 5,005 4,93 b 13,191 4,008 2,872 4,313 3,741 10,701 Surplus 278,599 20,460 85,05c 2§,242 28,294 11,616 10,54:; 39,497 10,186 7V019 8,263 8,719 19,701 All other liabilities 27,454 583 9,785 936 2, 513 2,805 4,033 1,047 1,077 792 1,249 1,649 TOTAL LIABILITIES 6,600,431 47^,283 1,970,326 465,774 559,565 280,565 211,611 1,373,543 255,197 170,732 256,217 129,190 453,268 Ratio of total gold reserves end other cash* to deposit end F.R. note liabilities combined 68.1 77.1 :0.5 64.1 65.7 71.7 70.9 77.9 59.4 63.5 70.7 6l.l 65.6 Contingent liability on bills pur- • chased for foreign correspondents 38,257 2,710 13,534 3,898 3,675 1,41*8 1,293 4,826 1,262 854 1,076 1,076 2,599 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES 91 days to Total Within 15 days lb to 30 days 31 to 60 days 61 to 90 days Over 6 months 6 months Bills discoimted 165,891 126,956 13,277 13,370 9,6SC 2,572 36 Bills "bought in open market 7,456 9bS 409 892 5.187 Certificates and bills 789.l4l 46,700 158,676 139,413 86,472 20 530 153,350 Municipal warrants 1.851 1,701 3S 23 89 * "Other cash" does not include F. R. notes or a "baulks o;vn F. R. "bank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis