H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-SOl Friday morning, 0ct 20; Federal Reserve Board # not earlier. October 19, 1933. CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve "bank credit outstanding during the week ended October IS, as reported by the Federal Reserve banks, was ,0QQ*Q0Q. an increase of $45,000,000 compared with the preceding week and of # $262,000,000 compared with the corresponding week in 1932# On October IS total Reserve bazik credit amounted to $2,513$000»000* 321 crease of $36,000,000 for the week* This increase corresponds with increases of $00,000,000 in member bank reserve balances and ,000,000 in unexpended capital funds, nonmember deposits, etc , offset in part by a decrease of $23,000,000 in # money in circulation andan increase of $55,000,000 in Treasury currency, adjusted* Bills discounted declined $3,000,000 at the Federal Reserve Bank of San Francisco and $6,000,000 at all Federal Reserve banks* Holdings of bills bought in open market and of United States bonds and Treasury notes show practically no change for the week, while holdings of Treasury certificates and bills increased $31,000,000* Changes in the amount of Reserve bank credit outstanding and in related items during tho week and the year ended October IS, 1933» were as follows: Increase or decrease since Oct. IS Oct. 11 Oct. 19 1933 1933 1932 (In millions of dollars) Bills discounted 113 -6 - - 22001 1 Bills bought 7 - 2? U. S. Government securities 2,375 +31 + 52U Other Reserve bank crodit 13 +11 - 3 TOTAL RESERVE BAHK CREDIT 2,513 +36 + 29U Monetary gold stock - 1 + 96 Treasury currency adjusted +55 + 96 Money in circulation -23 ++ 2299 Member bank reserve balances +ss ++ 332299 Unexpended capital funds,nonmember deposits,ctc +2k ++ 112266 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Oct, 20,1933; not earlier. B-SOla ASSETS JIFD LIAPILITISS OF THE TWELVE FSDS3AL S3S3RVB BAKES COMBINED (In thousands of dollars) Oct. 11,1933 Oct. 19,1932 A S S E TS Gold with Federal Reserve agents . . .. 2,677,599 2,661,809 2,211,864 Gold redemption fund with U.S.Treasury . 37>^19 ^7,573 Gold held exclusively against F.R.notes 2,jib,163 2,699,22s 2,259,437 Gold settlement fund with F.R. Board . . 631,223 641,427 304,922 Gold and gold certificates held by "banks 249,560 391.246 246,653 Total gold reserves . 3,590,215 2,955.605 3,592,084 Other cash* 215,220 277,402 229,208 Total gold reserves and other cash 3,805,435 3,233.007 3.821,292 Sedition fund.- J.S.baok.notes, . . 10,515 11,315 Bills discounted: Sec. "by U.S.Government obligations 22,798 24,067 98,127 Other bills discounted 215,412 89,956 95,240 Total bills discounted ... 112,75U 119,307 313.539 Bills bought in open market 6,569 6,906 33.5S3 U. S. Government securities: Bonds 441,395 441,225 420,863 Treasury notes 976,162 352,086 976.161 Certificates and bills . . . . .. 926,722 1,078,050 957t723 Total U.S. Government securities 2,375,279 2,344,109 1,850,999 Other securities i»559 1,737 5,^37 Total bills and securities . 2,496,161 2,472,059 2,203,55s Due from foreign banks . . . . . .. 4,913 3,662 2,698 F. R. notes of other banks 17.99&' 16,296 15,900 Uncollected items . . . . . . . .. 482,884 385,872 4O4,398 Bank premises . . . ? 54,614 54,6l4 58,135 All other assets 47,875 „ 5s, 372 38,012 TOTAL ASSETS 6,937,052 6,806,825 5.955.70S L I A B I L I T I ES F.R.notes in actual circulation . . . . 2,993,917 3,008,430 2,717,430 F.R.bank notes in actual circulation , 172,143 170,501 Deposits: Member bank - reserve account . . .. 2,655,343 2,567,360 2,325,546 Government 17,634 63,117 27,164 Foreign bank 15,132 13,401 10,280 Special deposits - member baiik ... 70.7Q0 69,951 nonmember bank . 14,704 15,858 Other deposits . 65,718 55»372 28,820 Total deposits . . . .. 2,839.231 2,785,059 2,391,810 Deferred availability items 471,035 384,498 391,777 "Capital paid in . . . . . . . . . .. 145,549 145,617 153,018 Surplus . . . . . . . . . . . . . . .. 278,599 278,599 259,421 All other liabilities 36,575 3M21 42,252 TOTAL LIABILITIES . . .. 6,937,052 6,806,825 5,955,708 Ratio of total gold reserves and other cash* to deposit and F.R.note . liabilities combined . . . . . . .. 65.5$ 65.7$ 63.3$ Contingent liability on bills purchased for foreign correspondents 36,030 38,469 41,766 * "Other cash" does not include F.R. notes or a bank's own F.H.bank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS MD LIABILITIES OF THE FEDERAL RESERVE BA1JKS OH OCTOBER IS, 1933 A S S E TS (In thousands of dollars) B-SOl-b Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Sold with Federal Reserve agents 2,677,599 218,329 621,706 150,700 206,770 121,000 94,055 735,272 113,781 69,369 97,390 37,464 181,763 Sold redemption fund with U.S.Treas. 36,569 1,531 6,845 3,947 4,4ll 1.881 2.112 1.780 1.555 1.587 1.212 97S 6,490 Gold held exclusively against F. R. notes 2,7lH,l6S 219,860 628,551 184,647 211,201 122,881 96,367 739,052 115,336 70,956 98,622 38,442 183,253 Gold settlement fund with F.R.Board 631,283 20,887 211,742 14,413 37,394 17,252 11,182 185,893 29,962 13,728 28,289 31,495 28,846 Sold and gold certif . held by "banks 2^6,633 21,835 146,173 15,618 4,480 _ 1,453 3,428 4,011 422 444 11,898 3,837 33,034 Total gold reserves 3,592,osU 262,582 986,466 214,678 253,075 141,586 111,177 928,956 145,720 85,128 138,809 73,774 250,133 Other cash* 229,20s 20,583 55,941 27,497 24,142 ll,46s 11,446 32,162 9.264 6,223 8,553 6,810 15,119 Total gold reserves & other cash 3,821,292 233,165 1,042,407 242,175 277,217 153,054 122,623 961,11s 154,984 91,351 147,362 80,584 265,252 Redemption fund - F.R.bank notes 11,315 950 2,847 615 1,759 452 2,249 386 116655 300 997766 MS Bills discounted: Sec. "by U.S.Government obligations 22,798 75b 12,075 3,752 2,698 766. 209 909 734 98 285 263 253 Other "bills discounted 89,956 2,955 27,613 21,812 7,135 7,298 5,782 4,897 1,144 3,052 3,301 1,564 3,403 Total "bills discounted 112,754 3,711 39,683 25,564 9,833 8,064 5,'391 5,806 1,278 3,150 3,586 1,827 3,656 Bills "bought in open market 6,569 457 2,195 657 613 242 217 814 172 116 ISO 280 626 IT.S.Government sc.curiti^s: Bonds 441,395 24,293 169,997 23,110 32,296 11,751 10,821 77,504 14,465 16,395 12,459 is,225 25,079 Treasury notes 976,161 65,313 335,611 68,533 89,420 32,537 29,652 165,949 33,667 24,239 33,992 22,768 69,430 Certificates and "bills 957,723 63,494 "503.193 66.63S 86.926 11 628 28 324 183 200 17,533 21,561 n o45 22.111 67.491 f r t t Total U.S.Govt, securities 2,375,279 153,100 813,301 163,331 208,642 75.916 69,297 431,653 90,720 64,197 79,496 63,124 162,002 Other securities 1,559 — 993 510 — — — — — 56 — — — Total bills and securities 2,496,161 157,26s 856,677 190,062 219,038 84,222 75,505 438,273 92,770 67,519 83,262 65,231 166,284 Dae from foreign banks 4,913 279 2,608 4oi 361 142 127 496 19 13 106 106 255 F. R. notes of other banks 17,998 333 5,407 510 S67 1,431 893 4,207 756 742 1,431 254 1,112 Uncollected items 432,884 53,296 124,326 36,504 45,335 41,377 15,000 59,110 22,253 12,527 30,353 19,330 23,473 Bank premises 54,614 3,2S0 12,818 3,67s 6,929 3,238 2,422 7,609 3,285 1,747 3,559 1,795 4,254 All other assets 47,875 754 24,802 4,447 2,467 4,178 1,369 633 l,l4i 2,001 1,256 1.012 TOTAL ASSETS 6,937,052 499,330 2,071,892 473,392 554,023 287,329 221V200 1,474,431 275,036 175,205 268,374 169,532 462,258 * "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 BARKS ON OCTOBER IS, 1933 L I A B I L I T I ES (In thousands of dollars) B-SOl-c Total Boston New York Phila. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 2,993,917 223,440 641,55s 237,332 230,045 147,102 lis,160 752,S50 139,SS9 93,715 108,964 34,360 216,496 F.R.bank notes in actual circulation 172,1^3 11,910 51,s4s 9,232 26,92s — 6,036 30,6lS 4,672 2,797 3,930 15,677 S,495 Deposits: Member bank - reserve account 2,655,3^3 173,174 1,056,716 135,2S4 149,270 74,810 56,356 527,646 75,325 51,096 ios,6i6 31,157 165,293 Government 17,634 1,642 S25 1,602 1,731 227 693 4,149 1,190 1,324 i,4oo 254 2,597 Foreign bank 15,132 976 6,224 1,405 1,324 521 46s 1,739 455 30s 3S3 33c 936 Special deposits: member barfs 70,700 6,060 8,772 6,834 2,9S7 2,269 30,613 4,797 1,52s 2,425 374 3,149 nonznember bank 14,704 892 96s 1,903 ISO S36 320 5,61s 3,739 327 150 663 Other deposits - %t718 30,032 663 2,091 4,375 5,707 4,443 4,909 1,223 570 1,188 8,462 Total deposits 2,839,231 17S 2 , , 7 0 3 5 9 5 1,100,825 150,229 161,430 83,756 65,813 574,208 90,415 55,806 113,549 33,361 181,100 Deferred availability it&ns 471,035 53,27S 118,134 35,425 42,0S5 38,933 13,291 59,329 24,785 11,759 28,554 21,439 24,023 Capital paid in 145,549 10,807 53,497 15,755 12,366 4,932 4,57S 13,104 4,021 2,879 4,250 3,714 10,646 Surplus 278,599 20,460 35,05s 29,242 28,294 11,616 10,544 39,497 10,136 7,019 8,263 S.719 19,701 All other liabilities 36.573 626 15^72. 17171 2,875 2,778 _ M 25 1,118 1,230 864 2,262 1,797 TOTAL LIABILITIES 6,937,052 499,330 2,071,892 478,392 554,023 237,329 221,200 iv474,43i 275,086 175,205 263,374 169,532 462,25s Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined 65.5 70.4 59.3 62.5 62.S 66.3 6S.7 72.4 67.3 61.1 66.2 68.5 66.7 Contingent liability on bills purchased for foreign correspondents 36,030 2,630 12,034 3,783 3,567 1,405 1,261 4,634 1,225 S29 1,045 1,045 2,522 MATURITY DISTRIBUTION OF BILLS AND SEORT 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 112,754 31,632 9,456 11,983 8,660 920 QS Bills bought in open market 6,569 3,408 475 2,118 56S Certificates and bills 957,723 42,225 63,747 337,202 152,245 205,798 156,506 Municipal warrants. 1,559 1,449 37 73 "Other cash" does not include F. R. notes or a bpak's o-mi F. R. bank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE MOTE STATEMENT ON OCTOBER IS, 1933 (In thousands of dollars) B~g01-d Total Boston New 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 3,262,320 2^5,302 722,03U 25^,673 293,33s 15M17 13S»553 791,6^2 1^7,7^0 99,5^3 116,Hoi 33,555 259,277 Held "by Federal Reserve bank 268,^63 21,862 80,1+76 17,335 13,793 7,715 20,393 33,792 7>351 5,333 7,^37 M95 ^2,731 In actual circulation 2,993,917 223,44o 641,558 237,338 230,045 11+7,102 lis, 160 752,850 139,889 93,715 108,964 34,360 216,496 Collateral held by agent as security for notes issued to bank; Gold and gold certificates 1»52^,79^ 7^»012 523,606 97,^50 107,270 51,625 21,055 1^5,272 *+3>5Si 29,869 19,590 20,464 91,000 Gold fund - R. Board 1,152,805 144,317 98,100 83,250 99,500 69,375 73,000 290,000 70,200 39,500 77,800 17,000 90,763 Eligible paper 69,032 1,710 26,388 10,81+0 8,106 5,609 3,687 2,095 i,*+3S 1,488 2,607 1,746 3,31S U. S. Govt, securities 575,200 29,000 105,000 61+, 000 80,000 30,000 44,000 60,000 34,000 29,200 20,000 80,000 Total collateral 3,321,831 2i*9»039 753,09^ 255,5*K> 294,876 156,609 lUi.7^2 797,367 149,219 100,057 H9,997 39,210 265,081 FEDERAL RESERVE BAM NOTE STATEMENT ON OCTOBER IS, 1933 (In thousands of dollars) Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.C&r. Dallas San Fran. Federal Reserve bank notes: Issued to F.R # Bank(outstanding) 206,898 19,668 64,201 12,280 32,088 — 7,122 32,369 5,046 3,250 5,957 16,331 8,586 Held by Federal Reserve bank 3^,755 7,75S 12,353 3,01+8 5,160 1,086 1,751 37*+ 1+53 2,027 65^ 21 In actual circulation J72,1^3 11,910 51,848 9,232 26,92s 6,036 30,618 K&tz 2,797 3,930 15,677 8,495 — — Collateral pledged against outstanding notes: Discounted and purchased bills 2,137 1,650 166 86 U.S.Govt* securities 225,37!+ 20,000 64, 274 13,000 35.000 9,0-00 40.000 c 6. 0 2 0 35 0 4.100 6.000 18.000 10,000 Total collateral 227,511 20,000 61+, 27I+ 13,000 36,650 „„ u „, 9,166 4o,ooo 6,235 4,100 6,000 18,086 10,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis