H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATME8T Kffi THE PRESS Released for publication B-801 Friday morning, Aug. 25; Federal Reserve Board not earlier* August 2k, 1933 CONDITION OF FEDERAL RESERVE BABES The daily average volume of Federal Reserve bank credit outstanding daring the week ended August 23, as reported by the Federal Reserve "banks, was $22^3,000,000, f an increase of $13t000,00C compared with the preceding week and a decrease of $93,000,000 compared with the corresponding week in 1932. On August 23 total Reserve bank credit amounted to $2,258,000,000, an increase of $12,000,000 for the week. This increase corresponds with an increase of $61,000,000 in member bank: reserve balances and a decrease of $5,000000 in t Treasury currency, adjusted, offset in part by an increase of $7,000,000 in monetary gold stock and decreases of $20,000,000 in money in circulation and $21,000,000 in unexpended capital funds, nonnember deposits, etc. Bills discounted decreased $10,000,000 at the Federal Reserve Bank of San Francisco, $5,000,000 at New York and $16,000,000 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 Treasury notes increased $22,000,000 and of Treasury certificates and bills $13,000,000. Change in the amount of reserve bank credit outstanding and in related items during the week and the year ended August 23, 1933» were as follows: Increase or decrease since Aug. 23 Aug. 16 Aug. 2U . 1933 . 1952 (in millions of dollars) Bills discounted 150 - 16 — 277 Bills bought 7 2S U. S. Government securities 2,094 + 35 + 2^3 Other reserve "bank credit 7 - 1 1 - TOTAL RESERVE BAM CREDIT 2,25s + IS — 63 Monetary gold stock 4,32s + 7 + 264 Treasury currency adjusted 1,961 - 5 + 142 Money in circulation 5,592 - 20 _ 92 Member hank reserve balances 2,432 + 61 + 290 Unexpended capital funds,nonraember deposits,etc. 523 - 21 + 145 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Aug. 25,1933; not earlier. 3-801a ASSETS AHD LIABILITIES OP THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Aug. 16.1933 Aug. 21+.1932 A S S E TS Gold with Federal reserve agents . . . . , 2,752,^ 2,077,192 2,779.93*+ Gold redemption fund with U.S.Treasury . , 36,277 37t003 58,861 Gold held exclusively gainst F.R.notes 2,816,261 2,789, ^7 2,136,053 Gold settlement fund with F.R, Board , , , 103 51+8,121+ 236,79S Gold and gold certificates held by barks , Hi 2l+l+,636 , 380.5^2 Total gold reserves , 3.589,^80 3,582,167 2,753,393 Othe.r cash* _i*3.577 2^,939 281+.113 Total gold reserves and other cash . . 3,233,057 3,823,106 3,037,506 Redemption fund - F. R, hank notes , . , 8,1151 8,505 Bills discovinted: Sec. by U.S. Government obligations . , 36,026 ••1+2,1+25 15U.186 Other bills discounted . . . . . . . .. nl+,119 <<•123.1+66 272,518 Total bills discounted . . . . .. 150,1^5 165,891 1+26,70U Bills bought in open mar Ice t . . . . . .< 7,350 7,1+56 35,^33 U. S. Government securities: Bonds 1^2,903 1+U2.771 1+20,865 Treasury notes . . . .. 81+8,506 826,91+1 380,721 Certificates and bills . . 802,605 789.11+1 1.0^9^75 Total U.S. Government securities . 2,09^,011+ 2,058,853 1,851,061 Other securities 1,851 61051 Total bills and securities . . 2,253,363 2,23l+, 051 2,319,21+9 Due from foreign banks . . 3,7^0 l+,020 2,668 F, E. notes of other banks 18,667 15,970 15,016 Uncollected items 31+9,013 1+09,598 293,81+1 Bank erases 54,1+51+ 58,121 5M52 All other assets 51.206 1+6,050 50,729 TOTAL ASSETS 6,571,956 6,600,^31 5,772,1+51 L I A B I L I T I ES F. R. notes in actual circulation . . 2,9^,978 2,956,31^ 2.821+.805 F.R, bank notes in actual circulation 129,296 128,188 — Deposits: Member bank - reserve account . .. 2,1+31,915 2,370,866 2,11+1,701 Government II9,173 te.383 29,512 Foreign bank 21,538 29,878 12,057 Special deposits - uarribor bank . . . 76,511 80,775 —. nonmenbor ba:\> 19,330 19,1+21 Other deposits . . . .. 57.871 67.152 19,265 Total deposits . 2,656,33s 2,616,1+75 2,202,535 Deferred Availability items 3Us,oi+5 1407,219 294,679 Capital paid in 11+6,187 lU6,182 153,339 Surplus . . . . . . . . .. 278,599 278,599 259,1+21 All other liabilities , . . 2 7 ,^ 37.672 28,513 TOTAL LIABILITIES 6,571.956 6,600,1+31 5,772,1+51 Ratio of total gold reserves and other cash* to dop'-sit and F. R. note liabilities combined 67.9$ 68.1$ 60.1 Contingent liability on bills purchased for foreign correspondents . . .. 39.096 32,257 55,009 • "Other cash" does not include F, R, notes or a bank's own F.R.bank notes. •• Revised figures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AHD LIABILITIES OP THE FEDERAL RESERVE BAKES OTT AUGUST;§3"1933 A S S E TS (In thousands of dollars) B-801b Total Boston New York phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. KaAS.Cy. Dallas San Fran. Gold with Federal reserve agents 2,779,9§4 235,409 651,706 153,000 227,770 124,130 95,750 760,802 117,5^9 69,301 104,290 27,014 183,263 Gold redemption fu.id with u.s.Treas. 36,277 1,339 &.971 3,621 >,713 1,3:45 2,412 3,415. 1,247 1,728 1,.4<)0 1,094 6,392 Gold held exclusively against F. R. notes 2,8l6,26l 236,748 658,677 136,621 232,483 125,475 93,162 764,217 118,796 71,029 105,69.0 28*108 190,255 Sold settlement fund with F.R.Board 530,103 17,615 194,224 13,499 37,185 16,57.9,13 , 295 130,756 27,551 14,301 23,417 13,627 23,054 Gold and gold certif. held by banks 243,ll6 22,721 l42,l.S4 14,972 4,179 2,716 3,333 ' 7,781 755. 56l 12,734 5^65 25,935 Total i^old reserves 3,589,4SO 277,084 995,065 215,092 273,847 144,770 114,790 302»75.4 147,102 85,891; l4l,s4l 47,000 244,244 Other cash* 243,577 I7,4l4 71,635 27,618 22,580 11,922 11,676 .29,577 10,866 4,989 3,885 7,566 17,355 Total sold reserves & other cash 3,833,057 294S498 1,066,700 242,710 296,427 156,692 12O,46Q 932,331 157,968 90,880 151,726 5^,566 262,099 Redemption fund - F.E.bank notes 8,451 792 2,906 385 539 — 13^ 2,710 98 97 50 493 247 Bills discounted: Secured by U.S.Govt, obligations 36,026 2,090 14,^77 5,021 4,609 2,294 402 1,842 97^ ,101 189 2b4 3,663 Other bills discounted 114,119 4,246 28,279 25,474 7,888 10,151 6,o44 6,55b 1,713 3,346 4,044 3,988 11,890 Total bills discounted 150,145 6,336 42,856 30,495 12*497 12,445 O f ^TT'vJ 8,398 2,687 3,9^7 ^,233 4,252 15,553 Bills bouf^ht in open market 7,350 476 2,477 6s4 64o 252 226 847 .185 125 187 187 1,064 U.S.Govern:'lent securities: Bonds 442,903 22,570 177,081 29,187 33,886 11,144 10,662 71,322 14,399 1^,629 13,726 17,022 -25,275 Treasury notes s4s,506 52,677 307,239 62,269 81,631 26,843 25,365 130,500 33,^77 21,93^ 28,767 16,922 6Q,882 Certificates and bill? 802,605 48,302 279,033 57,064 74,847. 24,609 23,274 146,967 30,694 20,100 26,376 15,518 55.821 Total U.S.Govt, securities 2,094,014 123,549 763,353 148,5-20,190*364 62,596 59,301 348,789 78,570 58,663 68,869 49,462 141,978 Other securities .. 1,85^ — 1,252 510 — — . 50 — 42 — -- Total bills and securities 2,253,363 130,361 809,938 180,209 203,501 75,293 65,973 358,084 81,442 6?,777 73,289 53,901 153,.595 Due from foreign banks 3,7^ 307 1,183 442 399 157 l4l 5^ 28 19 H7 117 282 F. R. notes of other banks 18,667 366 6,258 455 1,399 1,093 1,128 3,192 746 795 l,l6l 335 1,739 uncollected items 349,018 37,942 87,855 29,263 36,431 30,923 n,352 44,733 15,648 9,709 17,919 10,842 l6,4oi Bank premises 54,454 3,280 12,818 3,531 6,929 3,235 2,422 7,6os 3,285 1,747 3,559 1,793 4,244 All other assets 51,206 740 26,813 3,996 2,524 3,928 4,523 1,85s S07 1,365 2,072 1,4.27 1,353 TOTAL ASSETS 6,571,956 468,286 2,014,471 460,991 548,149 271,324 212,133 1,351,064 359,822 167,389 2^,893 123,474 444,960 * "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 OF THE FEDERAL RESERVE BABES OH AUGUST 23, 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. Itans.Cy. Dallas San Fran. F H.notos in actual circulation 2,93*4,978 221,709 637,S79 236,390 299,501 137,S17 116,875 751,530133,921 90,791+ 109,1+S5 32,503 216,671+ # F.R.banlc notes in actual circulation 129*296 12,693 52,299 7,^70 9,^93 ~~ 2,0CS 31,7^9 51^ 961 6,552 1+.079 Deposits: Member "bank - reserve account 2,1+31,915 155,iss 1,036,92s 125,770 11+5,671+ 68,5l+S 5i+,siw 1+11,1+1+3 70,897 1+8,911+ 102,963 5l+,i+95 156,255 Government ^9,173 1,11k 18,6ol+ 2,lUl 3,017 3,^12 2,702 1+22 9,7S7 1,636 X j 00O 1,719 2,753 Foreign bank ' 21,533 1,572 7,19S 2,261 2,132 SlK) 75i+ 2,799 732 *+95 624 621+ 1,507 Special deposits: member bank 76,511 2,16s 0,030 10,U69 6,035 ^,573 2,162 3l,H7 *+,335 1,632 2,213 281 5,^96 nonmeniber banl: 19,330 725 1,752 1S2 3,196 21+1+ 7,291+ K37p 551^+ R 152 SJO Other deposits 57,871 17.95*1 ZZ2 2.687 ^,932 3.1+22 11.785 Jii^L 621+ SS3 7,1+1+2 Total deposits 2,656,33S 163,073 1,087,1+1+0 11+3,165 159,727 35,501 Sl+,l2l+ 1+61+,S60 93,185 jl+,1+76 108,1+62 58,002 17^,323 Deferred availability items 31+8,01+5 32,399 83,222 23,005 36,113 30,1+71 10,828 1+6,301+ 16,981 9,661+ 17,712 12,56s 17,778 Capital paid in 11+6,187 10,71+2 53,53^ 15,750 12,392 ^,993 ^,937 13,29^ ^,013 2,873 ^,217 3,7^1 10,701 Surplus 278,599 20,1+60 35,058 29,21+2 28,291+ 11,616 10,514+ 39.^7 3.0,1S6 7,019 8,263 8,719 19,701 .All other liabilities 1,210 10,239 2,629 926 2,817 3,730 1,022 1,085 793 1.3S9 l,70l+ TOTAL LIABILITIES 6,571,956 1+68,286 2,014,471 1+60,991 51+8,11+9 271,32U 212,133 1,351,061+ 259,822 167,339 21+9,893 123,1+71+ UHi+,960 Ratio of total gold reserves and other cash* to deposit and 7.3..note liabilities combined 67.9 76.5 61.S 63.9 61+.5 70.2 69.9 76.6 69.6 62.6 69.0 60.3 67.0 Contingent liability on bills purchased for foreign correspondents 39,096 2,853 13,060 i+,l05 3,S70 1,525 1,36s 5,082 1,329 893 1,13^ 1,13^ 2,737 MATURITY DISTRIBUTION OF BILLS HID SHORT tibia SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 nonths 6 months Bills discounted 150,11+5 111,036 13,529 15,058 9,071 1,1+05 1+6 Bills bought in open market 7,350 631 l.^O 5,070 Certificates and bills 802,605 50,^50 157,101 125,883 82,972 222,31+9 153,850 Municipal warrants l,85l+ 1,739 23 92 * "Other cash" does not include P. R. notes or a baric*s own 7. R. bank notss. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE BOTE STATEMENT GIT AUGUST 23, 1933 (In thousands of dollars) B-SOld Total Boston Few 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 3,256,549 245,770 722,495 251,304 31s,1+37 146,272 139,72^ 721,092 143,SIS 94,32s 11s,613 35,097 259,599 Held by Federal rosorve "bank 271,571 24,06l 84,816 14,914 18*936 0,^55 22,549 29,462 9,597 3,534 9,12s 2,594 42,925 In actual circulation 2,984,978 221,709 537,^79 236,390 299,501 137,S17 116,875 751,630 133,921 90,794 109,485 32,503 216,674 Collateral held by agent as security for notes issued to bank: Gold mad gold certificates 1,523,7^9 72,092 523,606 97,450 107,270 51,625 21,750 438,802 42,849 30,301 21,490 19,014 97,500 Gold fund - F. R. Board 1,256,235 163,317 128,100 35,550 120,500 72,505 74,000 322,000 74,700 39,000 82,800 8,000 85,763 Eligible paper 95,004 3,403 27,550 13,770 10,844 7,136 4,4oi 3,469 1,815 2,047 2,725 3.985 13,79* U.S.Govt." securities 433,700 12,000 65,000 56,000 85,000 17,000 42,000 20,000 2b,000 25,200 15,000 5,500 65,000 Total collateral 3»302,608 250,812 744,256 252,770 323,614 148,266 142,151 784,271 145,365 96,548 122,075 36,499 262,061 FEDERAL EESERVE BAM 1T0TE STiJIEMSFT OH AUGUST 23, 1933 (In thousands of dollars) Total Boston Hew York Phila. Clove. Rich. Atlanta .Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal reserve bank notes Issued to F.s.3ank(outstanding) 152,41c 14,672 63,680 7,54s 11,399 — 2,154 33,330 633 1,537 990 12,123 4,247 Held by Federal reserve bank 23,122 1,979 11,381 178 1,90b -- l46 1,581 124 59 29 5,571 I08 In actual circulation 129,296 12,693 52,299 7,470 9,493 - 2,0 OS 31,7-49 514 l,47S 961 6,552 4,079 Collateral pledged against outstanding notes: Discounted and purchased bills 2,115 1,5.49 259 194 113 U.S.Govt, securities 176,274 20,000 64~2 7 4 8,000 15,000 — 3,000 4o,ooo 5,000 2,000 X 9 000 13,000 5,000 Total collateral 17S,339 20,000 64,274 8,000 16,549 3,259 40,000 5,194 2,000 1,000 13,113 5,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis