H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR TEE PHSSS Released for publication B-SOl Friday morning, Nov. 3? Federal Reserve Board not earlier* November 2, 1933• CONDITION OF FEDERAL ESSESlfiS BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended November 1, as reported by the Federal Reserve banks, waa $2,5^9,000,000, an increase of $31,000,000 compared with the preceding week and of $321,000,000 compared with the corresponding week in 1932. On November 1 total Reserve bank credit amounted to $2,550,0-0,000, an increase of $2^,000,000 for the week. This increase corresponds with increases of $32,000,000 in money in circulation and $7,000,000 in unexpended capital funds, nonmember deposits, etc*, and a decreaso of $38,000,000 in Treasury currency, adjusted, offset in part by a decrease of $102,000,000 in member bank reserve balances. Bills discounted increased $5,000,000 at the Federal Reserve Bank of San Francisco and $2,000,000 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 bonds increased $2,000,000, of Treasury notes $1^,000,000, and of Treasury certificates and bills $H,000,000, Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended November 1, 1933, were as follows: Increase or decrease since Nov. 1 Oct. 25 Nov. 2 1933 1933 . J 31 (In millions of dollars) Bills discounted 117 + 2 - 209 Bills "bought 7 — - 27 U. S. Government securities 2,420 +20 + 569 Other Reserve bank credit 7 + 2 - g TOTAL RESERVE BANK CREDIT 2,550 +2k + 324 Monetary gold stock 4,323 — + 57 Treasury currency adjusted 1,SS8 ~ss - 19 Money in circulation 5,640 +32 + 23 Member bank reserve balances 2,591 -102 + 207 Unexpended capital funds,no nmember deposits,etc. 531 + 7 + 134 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Nov 3^ 1933; not earlier*. B-SOl-a # ASSETS AND LIABILITIES' OF THE TWELVE FEDERAL .RESERVE BANKS COICI1HD (in thousands of dollars) Oct. 25,1933 ?!ov. 2. 1932 Eov. J2I2II A S S E TS Gold vath Federal Heserve agents • . # 2,638,561 2,675,331 2,207,93** Gold redemption fund with U.S.Treasury 37»313 37.313 43.102 Gold held exclusively against FJUnotos 2 f 675 f S7U 2,712,644 2,251,036 Gold settlement fund with F Board 666,190 629,632 335,268 # Gold and gold certificates held by banks 2^5,8*41 243.512 , 417,343 Total gold reserves . . • . . 3#537,905 3,590,788 3,003,647 Other cash* 226,491 233.012 271,041 Total gold reserves and other cash # 3,glH,396 3,828,800 3,274,688 Hedenption fund - F # halite notes . • 11,248 11,365 Bills discounted: Sec by U S Governnent obligations . 24,994 25,825 107,622 # # # Other bills discounted 9i,?i3 88.768 218.422 Total bills discounted . • • . 116,507 114,593 326,044 Bills bought in open uarket • 6,644 6,523 3M53 IJ S Government securities: # # Bonds . . . . . . . .. 442,891 441,262 420,651 Treasury notes • 1,007,587 994,098 362,874 Certificates "bills 969.297 964,796 1x067,258 Total U,S» Government securities 2,419,775 2,400,156 1,850,783 Other securities • 1,559 111 ^ ^ Total bills and securities 2,544,485 2,522,831 2,216,305 # # 3,732 Due fron foreign barks • 3.610 2,873 F R notes of other brinks • 17,833 19,575 13,140 # # Uncollected it ens . . . . . . . . . .. 426,364 335,196 361,411 Bank premises • • • • • • • • • • • •• 54,643 5^,639 58,137 All other assets r » • « • 50,676 36,824 48,872 TOTAL ASSETS • 6,923,377 6,874,888 5,963,378 L I A B I L I T I ES ... F.E.notes in actual circulation 2,967,302 2,960,748 2,700,818 F.R. bank notes in actual circulation . 188,840 180,363 Deposits: Member batik - reserve account . 2,590,551 2,693,121 2,384,097 Government 115,597 27,758 31,305 Foreign bank 15,331 17,797 9,888 Special deposits - member bcnj: . 67,495 68,884 nonneciber baak 14,193 14,237 Other deposits 80.962 66.088 28.389 Total deposits . .. 2,884,179 2,887,885 2,453,679 Deferred availability items . . . 424,910 385,779 355,005 Capital paid in . . . . . . . .. 145,527 152,105 145,456 Surplus 278,599 259,421 278,599 All other liabilities . . . . .. >5,987 3M91 TOTAL LIABILITIES . 6,874,888 5,963,378 6,923,377 Batio of total gold reserves and othor cash* to deposit and F.H.note liabilities combined . . . . . . .. 65.256 65.5* 63.5* Contingent liability on bills purchased for foreign correspondents . . . .. 30,750 33,798 38,847 * "Other cash" does not include F.H,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 BANKS ON NOVEMBER 1, 1933 ASSETS (In thousands of dollars) B-801-b Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve agents 2,638,561 208,329 611,706 170,000 206,770 117,075 92,115 735,272 116,508 66,169 92,390 40,464 181,763 Gold redenption fund with U.S.Treas. 37,313 1,379 6,470 4,137 4,792 1,927 2,676 3,621 1,507 1,708 1,359 95^ 6,283 Gold held exclusively against F. B. notes 2,675,874 210,208 618,176 174,137 211,562 119,002 94,791 732,893 118,015 67,877 93,749 4l,418 188,046 Gold settlement fund with F.R.Board 666,190 33,156 212,566 19,310 37,945 27,917 11,929 127,795 31,791 19,108 27,533 26,251 30,779 Gold and gold certif. held by banks 245,S4l 22,020 147,090 15,689 4,622 1,409 3,213 2,900 329 709 12,011 3,962 31,387 Total gold reserves 3,5S7»905 265,3S4 977,232 209,136 254,129 148,328 109,993 929,588 150,135 87,694 133,343 71,631 250,712 Other cash* 226,491 20,647 50,919 28,203 23,118 11,299 11,551 34,264 9,424 7,080 9,114 6,300 13,972 Total gold reserves & other cash 3,814,396 286,031 1,028,751 237,339 277,247 160,227 121,544 963,852 159,559 94,774 142,457 77,931 264,684 Redemption fund - F.R.bank notes 11,248 950 2,935 745 1,654 100. 408 1,935 373 263 4oo 876 609 Bills discounted: Sec. by U.S. Govt, obligations 24,994 1,007 12,024 4,034 3,509 584 489 1,080 588 93 338844 182 1,020 Other bills discounted 91,513 2,972 27,547 20,728 6,634 6,693 5,702 4,739 929 2,863 3,497 1,066 8,083 Total bills discour.ted 116,507 3,979 39.571 24,762 10,143 7,277 6,191 5,819 1,577 2,956 3,221 1,248 9,103 Bills bought in open market 6,644 420 2,437 6o4 563 222 IS 9 747 155 105 165 265 762 U.S.Government securities: Bonds 442,891 24,367 170,034 28,072 32,179 11,845 10,726 77,040 14,483 16,361 14,097 18,530 25,097 Treasury notes 1,007,5^7 67,742 345,751 70,725 92,105 33,912 30,732 169,963 40,029 25,06s 35,247 24,413 71,834 Certificates and bills 969,297 64,516 311,991 67,320 27,716 32,296 29,274 iss,900 32,123 23,273 33,567 23,250 6S,4ll Total U.S.Govt, securities 2,419,775 156,625 827,776 166,237 212,000 72,053 70,792 435,903 92,635 65.302 82,911 66,193 165,342 Other securities 1,559 - 993 510 — — — 56 — — —- Total bills and securities 2,544,485 161,024 270,777 192,113 222,706 25,552 77,122 442,469 34,367 68,419 26,957 67,706 175,207 Due from foreign banks 3,732 285 1,36s 4io 370 146 131 508 22 108 108 261 F. R. notes of other banks 17,233 379 4,075 43s 1,321 1,277 743 5,060 705 427 1,250 258 1,900 Uncollected items 426,364 54,276 111,392 33,110 32,716 36,632 12,935 51,1^3 16,091 11,582 24,641 14,999 20,841 Bank premises 54.B43 3,280 12,818 3,703 6,931 3,232 2,422 7,609 3,285 1,7^7 3,559 1,797 4,254 All other assets 50,676 744 27,806 4,6i6 2,442 3,546 4,127 1,513 631 1,176 1,267 1,233 975 TOTAL ASSETS 6,923,377 506,969 2,059,92s 472,474 551,387 290,71s 219,49s 1,474,059 275,033 17S,403 261,239 164,908 468,731 * "Other cash" does not include F. R. notes or a hank's own F. R. hank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AKD LIABILITIES OF TEES FEDERAL RESERVE BANKS ON KOVELffiER 1, 1933 L I A B I L I T I ES (In thousands of dollars) B~S01-c Total 3oston New York Phila. 01eve. Rich.. Atlanta Chicago St.Louis Minn. Kans.Qy. Dallas San Fran. F # R.notes in actual circulation 2,967,302 2l4,l64 639,445 233,^79 277,6-36 143,054 119,339 744,364 142,409 91,641 107,142 36,386 213,193 F.R.bank notes in actual circulation 183,840 20,75^ 54,072 11.357 26,914 1,138 5,878 30,276- 5,104 3,480 5,917 14,603 9,341 Deposits: Member "hank - reserve account 2,590,551 165,127 1,024,1*39 131,070 150,892 73,9H 50,871 520,255 75,653 50,936 102,522 77,164 167,711 Government 115,597 17,339 12,636 5,851 3,712 5,119 6,976 30,665 2,202 6,323 3,673 3,971 11,130 Foreign bank 15,321 1,122 5,I4I l,6l4 1,522 600 53S 1,999 523 354 446 446 1,076 Special deposits: member bank 6/,495 334 6,O42 8,154 6,636 3,12S 2,109 29,434 4,292 1,247 2,195 396 2,428 norm ember barik 14,193 — 1,102 2,007 157 745 291 4,690 4,069 316 133 683 Other deposits GO,062 2,157 46,116 699 2,322 4.471 3,498 2.924 5.485 1.128 888 1.429 q t 84R Total deposits 2,SSU,179 126,579 1,101,3+76 149,395 165,24l 87,974 64,233 589,967 92,fe24 60,304 109,357 83,406 192,873 Deferred availability items 424,910 53,521 107,114 31,973 37,994 35,997 12,117 52,461 19,446 11,882 25,044 16,187 21,174 Capital paid in 145,456 10.77S 58,447 l5,75o 12,363 4,94I 4,577 13,092 4,012 2,880 4,245 3,716 10,649 Surplus 278,599 20,460 85,05s 29,242 28,294 11,616 10,544 39,497 10,186 7,019 8,263 8,719 19,701 All other liabilities 3^.091 7i"5 14.310 1,272 2,895 9C,S 2,760 4,432 1,052 1,197 771 1,891 1,800 TOTAL LIABILITIES 6,923,377 506,969 2,059,922 551,387 290,71s 219,^9S 1,^7MS9 275,033 178,^03 261,239 16^,908 ^63,731 Ratio of total gold reserves and other ca.sh* to deposit and F R* # note liabilities combined 65 2 7l U 59 #1 62*0 62*6 67.9 66.2 72 2 67.S 62 H 65^6 65.1 65.2 # # # # Contingent liability on bills purchased for foreign correspondents 30,750 2,22+5 10,271 3,229 3»oHH 1,199 1,076 3,992 i,oU5 707 §92 S92 2,153 MATURITY DISTRIBUTION OF BILLS AHD SEORT TERM SECURITIES . ^ 91 clays to r Total Within 15 days 16 to 30 days 31 td 60 days 6l to 90 days g months 0ver b montlls Bills discounted 116,507 S7,037 9,217 13,796 5,133 1,203 121 Bills bought in open market 6,6bk 639 325 S03 817 Certificates and bills 969,297 69,7^7 106,070 322,773 1U0,6yS 173,503 156,506 Municioal warrants 1,559 l*5+39 ^7 31 ^2 * "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 HOTE STATEMENT OH NOVEMBER 1, 1933 (in thousands of dollars) B-801-d Total Boston New York phila. CI eve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.E.bank by F.R.Agen"! 3,230,352 23U.7S1 710,685 250,667 292,022 155,H3 132,239 789,212 1^8,1*98 96,SOU 115,102 Ho,618 258,611 Held by Federal Reserve basic 263,050 20,617 71,2*40 17,183 1^,336 7,059 18,900 6,089 5,163 7,960 U,232 1+5,1+18 In actual circulation 2,967,302 2lU,ibU 639,1^5 233,1+79 277,686 11+8,051+ 119,339 7^,361+ 11+2,1+09 91,61+1 107,1^2 36,386 213,193 Collateral held "by agent as security for notes issued to bank: Gold and gold certifica-tcs 1,517,^56 7^,012 523,606 97,1+5° 107,270 51,700 21,115 1+1+5,272 36,30s 29,669 19,590 20,1+61+ 91,000 Gold fund - F. R. Board 1,121,105 13^,317 82,100 72,550 9^,500 65,375 71,000 290,000 GO,200 36,500 72,800 20,000 90,763 Eligible paper 7^,1+91 2,136 26,368 10,730 8,476 5,009 3,881 2,205 1,150 1,1+73 2,955 1,11+3 8,965 TJ. S. Govt, securities 572,000 29,000 90,000 70,000 80,000 35,000 HU,ooo 60,000 32,000 30,000 25,000 77,00-; Total collateral 3,285,052 239A65 728,071+ 250,730 295,21+6 157,08*+ 139,9^6 797,1+77 11+9,653 97,61+2 120,31+5 1+1,607 267,72s FEDERAL RESERVE BAM NOTE STATEMENT ON NOVEMBER 1, 1933 (In thousands of dollars) Total Boston llovi York Phila. Clevo. Rich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas Sail Fran. Federal Reserve Lank notes: Issued to F.R.Bank(outstanding) 217,221 23,791 63,7S9 1M99 32,183 1,800 6,37s 32,051+ 5,193 3,688 7,861 15,806 9,779 Hold by Federal Reserve tank 662 89 208 1.9H1+ In actual circulation 188,81+0 20,751+ 5^,07S 11,357 26,911+ 1,138 5,S7S 30,276 5,101+ 3,1+80 5,917 ii+,603 9»31+i Collateral pledged against outstanding notes: Discounted and purchased bills 2,123 1,529 201 250 S3 U.S. Govt. securities 21+1,371+ 30,000 15,000 35,000 2,000 9,'300 1+0,000 6,000 1+,100 8,000 18,000 10,000 Total collateral 2I+3,i+97 30,000 6U,27!+ 15,000 36,589 2,000 9,201 1+0,ox) 6,250 H,100 8,000 18,083 10,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis