H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PEESS Released, for publication B-801 Friday morning, Oct. 6; Federal Reserve Board not earlier October 5, 1933. CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended October H, as reported by Federal Reserve banks, was $2,H26,000,000, an increase of $3^4,000,000 compared with the preceding week and of $184,000,000 compared with the corresponding week in 1932. On October k total Reserve bank credit amounted to $2,4^9,000,000, an increase of $28,000,000 for the week. This increase corresponds with increases of $57,000,000 in money in circulation and $2,0)0,000 in unexpended capital funds, nonmember deposits, etc., and a decrease of $Ul,000,000 in Treasury currency adjusted, offset in part by a decrease of $73,000,000 in member bank reserve balances. Bills discounted decreased $3,000,000 at the Federal Reserve Bank of Philadelphia and $10,000,000 at all Federal Reserve banks. Holdings of United States Treasury notes increased $3^,000,000, and of Treasury certificates and bills $2,000,000, while holdings of United States bonds decreased $1,000,000* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended October 4 1933» were as follows: t Increase or decrease since Oct. k Sept. 27 Oct. 5 1933 1933 1932 (In millions of dollars) Bills discounted 123 - 1100 ~ 210 Bills bought 7 ~ 26 U. S. Government securities 2,309 + 35 + 1*58 Other Reserve bank credit io +3 - 13 TOTAL RESERVE BANK CREDIT + 28 + 208 Monetary gold stock + 123 Treasury currency adjusted 1,907 - Hi + 28 Money in circulation 5,^52 + 57 + 3 + Member bank reserve balances 2,523, - 73 239 Unexpended capital funds,nonmember deposits,etc. 5^5 + 2 117 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Oct. 6,1533; &ot earlier. B-801a ASSETS AITD LIABILITIES OP TEE TWELVE FEDERAL RESERVE BJUIS COMBINED (In thousands of dollars) OctJy^Jl Sept. 27,1933 Oct. 5, 1932 A S S E TS Gold with Federal Reserve agents . . .. 2,679,077 2,713,026 2,181,139 Gold redemption fund with U.S.Treasury . 35,723 48,287 Gold held exclusively against F.R.notes 2,715,350 2,743,749 2,229,426 Gold settlement fund with F. R. Board . 626,415 592,547 300,570 Gold and gold certificates held by "banks 250,020 250,503 382,532 Total gold reserves . 3.591,735 3,591,799 2,912,528 Other cash* ' 219,232 231,762 273,621 Total gold reserves and other cash . . 3,311,017 3,823,561 3,186,149 Redemption fund - F. R. "bank notes . . 55,,333399 9,497 __ Bills discounted: Secured by U.S.Govt, obligations . . 23,241 31,219 106,946 Other bills discounted . . 102,014 226,481 99,743 Total bills discounted . . 122,984 133,233 333,427 Bills bought in open market . . . . .. 7,195 6,681 33,266 U. S. Government securities: Bonds i&i, 271 442,011 421,189 Treasury notes 971,411 937,374 396,295 Certificates and bills 396,534 395,010 1,033,334 Total U.S.Government securities . 2,309,216 2,274,395 1,351,318 Other securities 1,337 1,729 5,9H Total bills and securities . . 2,441,232 2,416,03s 2,223,922 Dae from foreign banks 4,238 3,775 2,686 F. R. notes of other banks 15,943 19,323 13,507 Uncollected items . . . . . . . . . .. 429,705 389,001 374,170 Bank premises 54,614 54,554 53,127 All other assets . . . . .. 56,350 54,681 45,064 TOTAL ASSETS 6,823,443 6,770,430 5,903,625 L I A B I L I T I ES F.R.notes in actual circulation . . .. 2,999,339 2,972,782 2,744,86s F.R.bank notes in actual circulation . 160,789 145,627 — Deposits: Member bank - reserve account . . .. 22,,552233,,440099 22,,559955,,663344 22,,228833,,996655 Government . . . . . . . . . . . .. 98,045 56,062 23,877 Foreign bank . . . . . .. 16,093 15,197 9,194 Special deposits - member bank . .. 74,232 73,629 — nonmember . . .. 15,238 15,315 — Other deposits 53,128 51.942 27,953 Total deposits 2,780,150 2,807,779 2,344,989 Deferred availability items 425,678 337,711 360,213 Ca-oital paid in 145,605 145,862 152,966 Surplus 273,599 273,599 259,421 All other liabilities 32,070 4l,l68 33,233 TOTAL LIABILITIES . . .. 6,823,443 6,770,430 5,903,625 Ratio of total gold reserves and other cash* to deposit and F.R.note liabilities combined . 65.9$ 66.1J5 62.6$ Contingent liability on bills purchased for foreign correspondents . . . .. ^,549 4422,,440077 4444,,223366 * "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 AID LIABILITIES OF THE FEDERAL RESERVE BMES OH OCTOBER 4, 1933 A S S E TS (In thousands of dollars) B-SOlb Total Boston Hew Yorlc Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Zans.Cy. Dallas San Fran. Gold \7ith Federal Reserve agents 2,679,077 224,677 611,706 179,500 213,770 121,000 90,590 740,747 112,721 69,229 99,290 35,464 180,263 Gold redemption fund with U.S.Troas. 36,273 1,612 5,843 3,871 4,571 1,860 2,615 3,816 1,621 1,612 1,274 1,023 6,555 Gold held exclusively against F. R. notes 2,715,350 226,289 617,549 133,371 218,341 122,860 93,205 7^,563 114,402 70,901 100,564 36,487 186,818 Gold settlement fund with F.R.Board 626,415 34,882 198,018 19,450 45,705 26,108 17,815 155,069 29,728 17,517 30,947 29,788 21,322 Gold and gold certif. held by panics 250,020 21,760 l45,86l 15,523 4,479 1,^13 3,733 ,5,586 382 430 12,580 3,852 34,421 Total ^old reserves 3,591,725 282,937 961,42s 218,344 268,525 150,381 114,753 905,218 144,512 22,843 144,091 70,127 242,621 Otlier cash* 219,232 20,284 55,470 27,337 22,422 10,543 10,109 31,620 7,759 5,436 7,493 5,865 14,834 Total gold reserves & otlier casli 3,811,017 303,221 1,016,898 245,681 291,007 160,924 124,862 936,232 152,271 94,284 151,584 75,992 257,455 Redemption fund - F.R.3ank notes 9,239 517 2,924 475 1,098 — 483 2,032 291 167 200 1,029 623 Bills discounted: Sec. "by U.S. Government obligations 23 1,137 11,632 3,673 3,266 724 198 1,016 683 102 133 263 35^ Other bills discounted 99,743 3,085 29,216 22,784 7,012 2,146 5,299 5,231 1,156 3,247 3,645 2,523 7.799 Total "bills discounted 122,984 4,222 40,84s 26,457 10,272 2,930 6,097 6,247 1,239 3,3^9 3,772 2,726 2,153 Bills bought in open market 7,195 457 2,191 657 613 242 217 814 172 116 120 430 1,106 IT.3• Government securities: Bonds 1441,271 23,915 170,927 28,183 32,439 11,582 10,704 72,034 14,327 16,292 12,323 17,392 25,033 Treasury notes 971,411 63,932 336,231 68,434 89,349 31,901 29,206 166,596 32,252 24,136 33,W+ 20,363 68,955 Certificates and bills 896. 534 58.237 291.137 62.303 81.381 29.052 26.603 179.103 34s46 22.044 30.465 12.542 62.209 f Total U.S.Govt, securities 2,309,216 146,090 792,955 152,920 203,169 72,541 66,513 423,733 27,491 62,472 76,232 56,303 155,797 Other securities 1,237 — 1,271 510 — 56 Total bills and securities 2,441,232 150,769 243,265 126,544 214,060 21,713 72,827 430,79^ 29,502 65,993 20,190 59,519 166,056 Due from foreign banks 4,232 279 1,933 401 361 142 127 496 19 13 106 106 255 F. E. notes of other banks 15,9^2 4o4 3,423 493 1,515 1,059 907 3,409 1,110 592 1,232 322 1,426 Uncollected items 429,705 51,139 113,322 35,303 39,221 36,530 13,729 51,573 17,263 10,597 24,919 17,326 12,057 Bank premises 54,6l4 3,220 12,212 3,678 6,929 3,232 2,422 7,609 3,225 1,7^7 3,559 1,795 4,254 All other assets 56,250 755 33,254 4,257 2,490 3,250 4,305 1,764 643 1,240 1,934 1,315 1,0^ TOTAL ASSETS 6,823,443 510,364 2,027,343 476,232 557,3^1 227,456 219,662 1,434,515 264,384 174,633 263,77^ 157,^70 449,169 * "Other cash" does not include F. R. notes or a bank1 s own F. R. "bank: notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BASKS OH OCTOBER 4, 1933 L I A B I L I T I ES (In thousands of dollars) 3-801c Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. I'ans.JOy. Dallas San Pran, F.R.notes in actual circulation 2,999,389 22H,676 647,663 236,841 286,749 143,306 116,655 753,696 137,122 95,024 109,719 32,586 215,352 P.R.barik notes in actual circulation 1 160,789 11,517 53,037 8,307 20,417 — 5,927 31,043 3,718 2,322 2,226 15,020 7,255 Deposits: Member bank - reserve account 2,523,1109 175,772 996,896 132,113 146,395 73,672 56,421 488,210 73,097 49,586 108,159 70,107 152,981 Government 98,045 10,916 36,996 °»310 8,020 8,096 3,233 10,121 2,797 2,5*6 1,350 2,195 5,^62 Foreign bank 16,098 976 7,190 1,464 1,324 522 468 1,739 455 30s 383 383 936 Special deposits: member "bank 7^,232 1,278 6,237 9,396 6,957 3,449 2,l4l 30,25s 4,762 1,733 2,153 385 5,^23 nonmember "bank 15.238 — 90 8 2,122 100 921 243 5,927 3,622 365 136 314 Other deposits 53,128 2,679 19,264 647 2,309 4.302 3,255 3,403 4.231 1.109 682 2 ? 762 3.480 Total deposits 2,720,150 191,621 1,067,5^1 151,992 165,185 90,962 65,761 539,663 So,964 55,650 112,373 75,837 17^,101 Deferred availability items 425,67s 50,512 102,719 33,5^3 4i,5i4 35,617 13,381 53,526 19,293 10,59s 25,759 13,335 20,331 Capital paid in 145,605 10,779 58,496 15,772 12,363 ^,953 4,573 13,123 4,016 2,877 4,232 3,725 10,686 Surplus 278,599 20,460 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 33,233 799 13,329 If 135 2,819 1.002 2,816 3,962 1,035 1.143 .7 02 2,69s 1,743 TOTAL LIABILITIES 6,823,443 510,364- 2,027,843 476,832 557,341 267,456 219,662 1,434,515 264,334 17M33 263,774 157,470 449,169 Ratio of total gold reserves and other cash* to deposit and P.R. note liabilities combined 65.9 72.8 59.3 63.2 64.4 68.7 68.4 72.4 67.4 62.6 68.1 70.1 66.1 Contingent liability on bills purchased for foreign correspondents 40,549 2,988 13,294 4,297 4,051 1,596 1,432 5,320 1,391 9^1 1,187 1,187 2,865 MATURITY DISTRIBUTION OP BILLS AIID SHORT TERM SECURITIES 91 lays to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 122,984 90,20U 8,699 10,699 12,503 792 87 Bills bought in open market 7,195 996 1,903 386 3,910 Certificates and bills 896,53^ 46,300 112,225 148,118 297,975 205,410 156,506 Municipal warrants 1,837 1,717 10 37 31 42 * "Other cash" does not include P. R. notes or a bank's own P. R. "bank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVET OTSS TATEMENT C® OCTOBER 4, 1533 (In thousands of dollars) B-801d Total Boston Few York Phila. Cleve. Rich. Atlanta CSiicago St .Louis Minn. Ka.ns.Cy. Dallas San Fran, Federal Reserve notes: Issued to F.R.bank by F.R.Agent 3,259,273 21+7,228 719,55^ 253,863 298,575 151,03!+ 136,508 796,356 lHi+,305 99,689 116,713 36,697 259,351 Held by Federal Reserve bank 269,481+ 22,552 71,891 17,022 11,826 7*728 19,853 42,660 7,183 4,665 6,99!+ -Alll_. ^3,999 In actual circulation 2,999,329 224,676 61+7,663 236,s4i 286,7I+9 143,306 116,655 753,696 137,122 95,024 109,719 32,526 215,352 Collateral held by agent as secxirity for notes issued to bank Gold and gold certificates 1,522,972 73,SbO 523,606 97/450 107,270 51,625 20,590 443,7^7 43,581 29,789 21,490 20,464 89,500 Gold fund - F. R. Board 1,15b,105 150,817 88,100 82,050 106,500 69,375 70,000 297,000 69,200 39,500 77,800 15,000 90,763 Eligible paper 75,332 ?,213 26,691 11,115 8,493 5, SOS 2 f 15S 1,243 1,488 2,5S5 >,6 7 4 b,9io U.S. Govt, securities 570,200 21,000 110,000 64,000 85,000 25,000 44,000 60,000 32.000 29,200 20.000 80.000 Total collateral 3,324,609 247,890 7^3,397 254,615 307,263 151,808 13s,514 802,935 146,024 99,977 121,875 38,13s 267,17.3 FEDERAL RESERVE BAM 1T0TE STATEMEITT OH OCTOBER 4, 1933 (In thousands of dollars) Total Boston 1?3W York phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kaas.Cy. Dallas San Fran. Federal Reserve bank notes: Issued to F.H.Bank(outstanding) 127,292 12,817 62,69s 9,^83 25,778 7,155 32,652 4,091 2,712 3,967 IS,54s 7,393 Held by Federal Reserve bank 25,503 1,300 9, 6ol 1,176 1,220 1,:609 373 ^90 l,74l ^.528 118 In actual circulation 160,7S9 11,517 53,037 8,307 20,417 5,927 31,043 3,71S 2,322 2,226 15,020 7,255 Collateral pledged against outstanding notes: Discounted and purchased bills 2,35!: 1,707 263 249 136 U.S.Govt, securities 210,37r 20,000 64,274 10,000 25,000 9,000 4o,ooo ux COO 3,100 4,000 20, Q-( 10.000 Total collateral 212,729 20,000 64,274 10,000 26,707 9,263 4o,ooo 5,249 3,100 4,000 20,136 10,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis