H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-801 Friday morning, Oct. 2J; Federal Reserve Board not earlier. October 26, 1933* C01TDITI0IT OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended'October 25, as reported by the Federal Reserve banks, was $2,518,000,000, an increase of $21,000,000 compared with the preceding week and of $299,000,000 compared with the corresponding week in 1932." On October 25 total Reserve "bank credit amounted to $2,526,000,000, an increase of $13,000,000 for the week. This increase corresponds with an increase of $38,000,000 in member "bank reserve balances and a decrease of $18,000,000 in Treasury currency, adjusted, offset in part by a decrease of $U2,000,000 in money in circulation. Bills discounted increased $2,000,000 at the Federal Reserve Bank of New York and at all Federal Reserve Banks. Holdings of bills bought in open market and of United States bonds show practically no change for the week, while holdings of United States Treasury notes increased $18,000,000 and of Treasury certificates and bills $7,000,000 # Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended October 25, 19331 were as follows: Increase or decrease since Oct. 25 Oct. 18 Oct. 26 1933 1933 1932 (In millions of dollars) Bills discounted 115 + 2 - 207 Bills bought 7 — - 27 U. S. Government securities 2,Uoo +25 + 5U9 Other Reserve "bank credit 5 -13 - 9 TOTAL RESERVE BANK CREDIT 2,526 +13 + 305 Monetary gold stock ^,323 — + 66 Treasury currency adjusted 1,976 -IS + 71 Money in circulation 5,60s -U2 + 2k Member bank reserve balances 2,693 +38 + 2S1 Unexpended capital funds,nonmember deposits,etc. 52U + 137 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Oct. 27,1933? not earlier. B-SOla ASSETS A8D LIABILITIES 0? THE TWELVE FEDERAL R3S3RVE B&KS COUBOT) (In thousands of dollars) Oct. 25,1933 Pet; 18.1933 6ct> 26,1932 A S S 3 IS Gold with Federal .Reserve agents . . .. 2,675,331 2,677,599 2,204,064 Gold redemption fund with U.S.Treas-ury . 37,313 36,569 43.746 Gold held exclusively against F.R.notes 2,-712,644 2,714,168 2,247,810 Gold settlement fund with F. R. Board . 629,632 631,283 315,031 Gold and gold certificates held by banks 248,512 246,633 429.7S2 Total gold reserves 3,590,728 3,592,084 2,992,623 Other cash* 23S,012 229,208 283,920 Total gold reserves and other cash . 3,828,800 3,221,292 3,276,603 Redemption fund - F.R.bank notes . .. 1111,,336655 11,315 — Bills discounted: Sec. by U.S.Govt, obligations . . .. 25,825 22,792 111111,,554444 Other bills discounted 88,768 39,956 210.772 Total bills discounted 114,593 112,75^ 322,322 Bills bought in open market 6,523 6,569 33,695 U.S. Government securities: Bonds • 441,262 441,395 420,811 Treasury notes . . . . . . . . .. 994*098 976,161 363,881 Certificates aad bills . 96^,796 957,723 1.066.257 Total U.S. Government securities 2,400,156 2,375,279 1,850,949 Other securities . . . .. 1.559 1.559, 5,425 Total bills and securities . . 2,522,831 2,496,161 2,212,391 Due from foreign banks 3,610 4,913 2,868 F. R. notes of other banks . . . . .. 19,575 17,99S 18,321 Uncollected items . . .. . 385,196 482,884 332,923 Bank premises 54,639 54,6l4 52,137 All other assets . . . . . . . .. US,872 , ^7,S75 32,872 TOTAL ASSETS > 6,874,888 6,937,052 5,9^,115 L I A B I L I T I ES F.R.notes in actual circulation . .. 2,960,7^8 2,993,917 2,688,871 F.R.bank notes in actual circulation 118800,,336633 172,143 — Deposits: Member bank - reserve account . .. 2,693,121 2,655,3^3 2,411,946 Government 27,75S 17,634 28,078 Foreign bank 17,797 15,132 9,252 Special deposits - member bank . . 68,884 70,700 — nonmember bank . 14,237 14,704 Other deposits 66,088 65,718 20,117 Total deposits 2,887,885 2,839,231 2,469,993 Deferred availability items . . .. 3^5,779 471,035 326,987 Capital paid in 145,527 145,549 152,303 Surplus . . . . . . .. 27S,599 27S,599 259,421 All other liabilities 35,927 36,578 42,540 TOTAL LIABILITIES . . .. 6,874,888 6,937,052 5,940,115 Ratio of total gold reserves and other cash* to deposit and F.R.note liabilities combined . . 65.5 $ 63.5^ 6655..55 $$ Contingent liability on bills purchased for foreign correspondents . . .. 33.79S 3366,,003300 37,993 * "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 OP THE FEDERAL RESERVE BAMS ON OCTOBER 25, 1933 A S S E TS (In thousands of dollars) B-SOl-b Total Boston Hew York Phila. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve agents 2,675,331 208,329 636,706 172,000 206,770 117,075 9*,365 735,272 118,028 68,169 97,390 39,*6* 181,763 Gold redenption fund with U.S.Treas. 37,313 1,*32 6,73* *,230 *,S5* 2,173 2,258 3,720 1,527 1,580 1,375 960 6,470 Gold held exclusively against F. R. notes 2,712,64*209,761 643,440 176,230 211,624 119,24s 96,623 738,992 119,555 69,749 98,765 HO,H2H 188,233 Gold settlement fund with F.R.Board 629,632 17,718 223,530 7,695 3*,205 18,869 10,552 203,12*+ 27,831 11,302 21,799 26,26l 26,7*6 Gold and gold certif. held by banks 248,512 21,879 l46,66l 15,737 4,590 l,4i4 3,096 3,931 1,513 66b 11,951 3,857 33,217 Total gold reserves 3,590,788 249,353 1,013,631 199,662 250,419 139,531 110,271 946,047 l4s,899 81,717 13?,515 70,5*2 2*8,196 Other cash* . 2^8.012 22.868 58.097 28,037 22.3*1 12,97* 12,010 33,127 9,939 6,915 9,119 6,800 15,785 Total gold,reserves & other cash 3,828,800 272,226 1,071,728 227,699 272,760 152,505 122,281 979,17* 158,838 88,632 1*1,634 77,3*2 263,981 Redemption fund - F.R.bank notes 11,365 950 2,847 615 1,759 — 452 2,249 386 165 350 976 6l6 Bills discounted: Sec. by U.S.Govt, obligations 25,825 S61 1144,,553388 4,237 2,819 542 222 S05 77**11 93 299 283 385 Other bills discounted 88,768 3,013 27,178 21,704 6,9*5 7,091 5,855 4,897 1,121 2,913 3,*n 1,287 3,353 Total bills discounted 114,593 3,87* -41,716 25,941 9,764 7,633 6,077 5,702 1,862 3,006 3,710 1,570 3,738 Bills bought in open market 6,523 424 2,436 611 569 224 201 756 157 106 167 267 605 U.S.Government securities: Bonds 441,262 24,337 170,003 28,078 32,207 11,814 1100,,774477 77,171 1144,,446666 1166,,335522 1122,,**7766 18,535 2255,,007766 Treasury notes 99*,09s 66,694 3*1,351 69,813 90,890 33,3*0 30,257 168,065 39,*a* 24,723 34,694 2*,OS* 70,763 Certificates and bills 964,796 64,106 310,469 67,070 87,362 32,048 29,081 188,507 37,89* 23,753 33,3** 23,143 68,014 Total U.S.Govt, securities 2,400,156 155,137 821,823 164,961 210,459 77,202 70,085 ^33,7*3 91,78* 64,828 80,51* 65,767 163,853 Other securities 1,559 — 993 510 — — — — — 56 — — — Total bills and securities 2,522,831 159, *35 866,968 192,023 220,792 85,059 76,363 440,201 93,803 67,996 84,391 67,6o4 168,196 Due from foreign banks 3,610 279 1,304 4oi 361 142 127 497 19 13 106 106 255 F. R. notes of other banks 19,575 355 5,634 499 1,183 1,099 1,121 4,608 1,23s 393 1,475 400 1,570 Uncollected items 335,196 42,494 94,804 31,155 36,59* 35,376 11,969 49,O4S 17,*28 9,689 22,609 15,462 18,568 Bank premises 54,639 3,280 12,818 3,701 6,929 3,238 2,422 7,609 3,285 1,7*7 3,559 1,797 4,25* All other assets 4s,872 752 26,187 4,415 2,468 3,7*0 1,3*2 592 1,133 1,908 1,212 989 TOTAL ASSETS 6,874,888 479,771 2,082,290 460,508 542,846 281,159 218,869 1,484,728 275,589 169,768 256,032 164,899 458,429 * "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 TEE FEDERAL RESERVE BAKES ON OCTOBER 25, 1933 L I A B I L I T I ES (in thousands of dollars) B-SOl-c Total Boston New York Phila. CIeve. Rich, Atlanta Chicago St.Louis Minn. Kans-.Cfcr. Dallas San Fran. F.R.notes in actual circulation 2,960,748 216,814 631,3^ 234,004 279,167 146,730 117,085 747,492 139,428 92,412 107,950 35.246 213,076 F.R.bank notes in actual circulation .120,363 16,070 53,615 10,623 26,728 — 5,957 30,656 4,888 3,09s 4,s44 15,021 8,863 Deposits: Member bank - reserve account 2,693,121 165,240 1,097,210 125,396 145,243 70,604 54,881 555,171 79,886 48,597 101,771 79,06s 170,054 Government 27,753 2,5S0 6,018 11,,553366 1*613 2,677 3,161 2,283 1,787 1,695 2,59s 1,626 184 Foreign bank 17,797 1,298 5,959 MM6677 '},'76o 693 622 2,311 6o4 409 515 515 1,244 Special deposits: member bank 6S,3C4 821 5,513 8,238 6, sos 2,920 2,125 30,672 ^,772 1,387 2,295 384 2,649 nonmember bank 14,237 — S89 i,so6 169 753 293 5,161 4,103 317 130 611 Other deposits 66,088 2,12b 31,123 596 2,075 ^,315 5,623 2,960 4,596 1,129 612 1,127 9,806 Total deposits 2,887,885 172,065 1,147,012 139,439 157,668 81,967 66,705 598,558 95,7^8 53,53^ 107,921 82,720 184,54s Deferred availability items 325,779 42,826 91,7^8 30,176 35,682 34,910 11,219 50,368 20,208 9,532 21,910 17,^75 19,725 Capital paid in 145,527 10,778 58,500 15,756 12,365 4,946 4,580 13,100 4,000 2,879 ^,260 3,717 10,646 Surplus 278,599 20,460 85,65s 29,242 28,294 11,616 10,544 39,^97 10,186 7,019 8,263 8,719 19,701 All"0ther liabilities 35,987 758 15,013 1,268 2,942 990 2,779 5,057 1,131 1,294 ss4 2,001 1,870 TOTAL LIABILITIES 6,874,382 479,771 2,082,290 460,50s 542,846 281,159 218,869 1 ,484,728 275,589 169,768 256,032 164,899 453,429 Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined 65-5 70.0 60.3 61.0 62.4 60.7 66.5 72.7 67.5 60.7 65.6 65.6 66.4 Contingent liability on bills purchased for foreign correspondents 33,79s 2,467 11 # 2S8 3,5^9 3,3^6 1,31s 1,183 4,394 1,149 778 9S0 980 2,366 MATURITY DISTRIBUTION OF BILLS AMD SHORT TERM SECURITIES 91 days to Total TKLthin 15 days lo to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 114,593 8*4,056 8,268 15,06l 6,023 1,081 99 Bills bought in open market 6,523 2S5 737 899 4,602 Certificates and "bills 964,796 64, oV? 59,820 329,681 164,443 190,300 156,505 Municipal warrants 1,559 1,^9 51 59 * "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

FEDERAL RESERVE NOTE STATEMENT OK OCTOBER 25, 1933 (In thousands of dollars) B-201~d Total Boston New York Phila. CIeve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cty". Dallas San Fran, Federal Reserve notes: Issued to F.R.bank "by F.R.Agent 3,239,636 233,895 711,206 252,302 293,721 156,463 137,640 789,442 146,339 93,624 115,633 39,235 259,036 Eeld "by Federal Reserve tank 27s,sss 22,081 79,862 18,298 14,55** 9,733 20,555 41,950 7,411 6,212 7,683 4,529 45,960 In actual circulation 2,960,7^2 216,814 631,344 234,004 279,167 146,730 117,085 747,492 139,422 92,412 107,950 35,246 213,076 Collateral held "by agent as security for notes issued to "banks Gold and gold certificates 1,520,226 74,012 523,606 97,450 107,270 51,700 21,365 445,272 38,828 29,669 19,590 2200,,446644 91,000 Gold fund - F. R. Board 1,155,105 134,317 113,100 74,550 99,500 65,375 73,000 290,000 79,200 3C,500 77,SOO 19,000 90,763 Eligible paper 71,637 1,279 28,505 11,392 8,085 5,397 3,716 2,030 1,^35 1,^97 2,769 1,503 3,429 TJ. S. Govt, securities 556,200 29,000 80,000 70,000 S3,000 35,000 44,000 60,000 29,000 29,200 20,000 80,000 — Total collateral 3,303,168 239,208 745,211 253,392 294^55 157,472 142,031 797,302 l4s,463 9S,S66 120,159 40,967 265,192 FEDERAL RESERVE BAM NOTE SSATEiJENT 01' OCTOBER 2255,, 11993333 (In thousands of dollars) Total Boston New York phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Frail, Federal Reserve bank notes: Issued to F.R.Bank( outstanding) 214,078 23,868 64,201 14,080 32,OSS 6,422 32,369 5,046 3,690 6,957 1166,,117711 99,,112266 Hold by Federal Reserve bank 33,715 7,793 10,586 3,^57 5,360 465 1,713 15s 592 2,113 1,150 323 In actual circulation 180,363 16,070 53,615 10,523 5,957 30,656 4, sss 3,09S 4,844 15,021 8,863 Collateral pledged against outstanding notes: Discounted and purchased bills 22,,ll44ll — — — 1,602 203 — 253 — — 23 — TJ,S.Govt, securities 237,274 30,000 64,274 14,500 35,ooo 9,000 4o,ooo 6,000 4,100 7,000 IS,000 10,000 Total collateral 21+0,015 30,000 64,274 14,500 36,602 9,203 40,000 6,253 4,100 7,000 18,083 10,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis