H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-801 Friday morning, Nov* 10; Federal Reserve Board not earlier* November 9, 1933r COi'TDITIOlT OF FEDERAL RESERVE BAMS She daily average volume of Federal Reserve bank credit outstanding during the week ended November 2, as reported "by the Federal Reserve banks, was $2,564,000 000, an increase of $15,000,000 compared with the preceding week and f of 000,000 compared with the corresponding week in 1932* On llovember S total Reserve "bank credit amounted to $2,542,000,000, a decrease of $8,000,000 for the week* This decrease corresponds with decreases of $13,000,000 in member baric reserve balances and $15,000,000 in unexpended capital funds, nonmember deposits, etc., and an increase of $15,000,000 in 'Treasury currency, adjusted, offset in part by an increase of $33,000,000 in money in circulation. Bills discounted decreased $5,000,000 at the Federal Reserve Bank of San Francisco and a like amount at all Federal Reserve bonks Tfte System's holdings # of bills bought in open market show practically no change for the week, holdings of United States bonds declined $2,000,000 and of Treasury certificates and bills $1,000,000, and holdings of United States Treasury notes increased $13,000,000 # Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended llovember 8, 1933 > were as follows: Increase or decrease since Hov S Nov. 1 Nov. 9 # 1933 1933 1932 (in millions of dollars) Bills discounted 112 - 5 199 Bills bought 7 - 27 2,430 +10 U* S* Government securities + 579 Other Reserve bank credit -7 -i4 - 10 TOTAL RESERVE BA1TK CREDIT 2,5*12 - S + 343 Monetary gold stock 4,323 + 53 Treasury currency adjusted 1,903 +15 - 15 Money in circulation 5,673 +33 + 22 Member bank reserve balances 2,57S -13 236 Unexpended capital funds,nonmember deposits, etc 51b -15 4 122 1. 3. f?rniAt« Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Nov. 10,1333; not earlier # B~S01~a ASSETS AITD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Nov. 8,1935 Nov. 1,1933 Nov, 9»1932 A S S E TS Gold with Federal Reserve agents . . • 2,637,126 2,633,561 2,228,469 # Gold redemption fund with U.S.Treasury 39,266 42,040 # 37,513 Gold held exclusively against ff.H.notes 2,676,392 2,675,371+ 2,270,509 Gold settlement fund with F. R. Board . 661,187 666,190 319,906 Gold and gold certificates held "by hanks 2^0,710 245,841 419,230 Total gold reserves . . . . . 3>573,229 3,587,305 3,009,645 Other cash* 2lU,007 226,1+91 259,1S7 Total gold reserves and other cash , 3,792,296 3,SIU,396 3,268,832 Redemption fund - F. R. "bank notes . # 11/457 11,243 -- Bills discounted: Sec. by U.S.Government obligations . 24,994 100,992 26,293 Other "bills discounted . 209,961 91,513.. Total bills discounted . . . . # 112,261 116,507 310,953 Bills bought in open market . . . • . # 6,737 6,644 34,002 U.S. Government securities: Bonds , , 1^1,210 442,891 420,665 Treasury notes 1,020,979 1,007,527 362,872 Certificates and bills . . . . .. 967,912 969,297 1,067,160 Total IKS, Government securities 2,1+30,101 2,419,775 1,850,697 Other securities . . . . . . .. 1,559 5,427 Total bills and securities 2,550,652 2,544.4S5 2,201,079 Due from foreign banks . 1 3,700 3,732 2,774 F. R. notes of other banks 16,2^2 17,833 12,219 Uncollected items . . • , 31+1,276 426,364 317,900 Bank premises . 5^,730 54,643 58,169 All other assets . . , . < 1+8,822 50,676 36,994 TOTAL ASSETS . , 6,819,781 6,923,377 5,897,967 L I A B I L I T I ES IF .R.notes in actual circulation f ? 2,922,997 2,967,302 2,715,299 F.R.bank notes in actual circulation 193,678 iss,s4o — Deposits: Member bank - reserve account f f 2,577,55? 2,590,551 2,342,333 Government . . . . . . . . .. f 90,926 115,597 28,322 Foreign "bank . . 10,622 15,381 10,717 Special deposits - member back . 65,210 67,495 nonmember "b^l: iU,95U 14,193 — Other deposits . 69,200 so,962 23,086 Total deposits . 2,829,12^4 2,884,179 2,^4,458 Deferred availability items . . . 35^,533 424,910 322,983 Capital paid in . . . . . . . .. 1^5,301 145,456 152,06s Surplus . . . .. . 272,599 278,599 259,421 All other liabilities . . . . .. ^3.73* TOTAL LIABILITIES . . . 6,219,721 6,923,377 5.897,967 Ratio of total gold reserves and other cash* to deposit and F.R.note liabilities combined . . . . . . .. 65.256 65.25I 63.8$ Contingent liability on bills purchased for foreign correspondents . . . .. 10,700 30,750 37,916 s own P.H.bauk notes # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AHD LIABILITIES OF THE FEDERAL BESERVE BANKS ON NOVEMBER 8, 1933 A S S E TS (In thousands of dollars) B-801-b Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve agents 2,637,12b 215,329 576,706 170,000 206,770 127,075 95,H5 735,972 124,578 69,354 92,390 42,074 181,763 Gold redemption fund with U.S.Treas. 39,266 I.857 8,285 4,488 4,687 2,13.6 2.659 3.512 1.479 I.696 1.339 944 6.224 Gold held exclusively against F. R. notes 2,676,392 217,186 584,991 174,488 211,457 129,191 97,754 739,^S4 126,057 71,050 93,729 43,018 187,987 Gold settlement fund with F.R.Board 661,187 33,887 198,769 15,6o6 34,727 30,955 16,502 180,057 33,663 13,46l 32,196 29,856 4l,508 Gold and gold certif. held by banks 240,710 22,1^3 147,136 12,344 4,675 l,4lg 3.107 2,401 298 377 12.035 3.8^4 30.922 Total gold reserves 3,578,289 273,216 930,896 202,438 250,859 l6l,564 117,363 921,942 160,018 84,888 137,960 76,728 260,417 Other cash* 214,007 18,860 49,24l 27,164 20,021 11,533 11,281 31,730 9,498 7,358 9,134 6,151 12,036 Total gold reserves & other cash 3,792,296 292,076 980,137 229,602 270,880 173,097 128,644 953,672 169,516 92,246 147,094 82,879 272,453 Redemption fund - F.R. bank notes 11,457 1,050 3,043 740 1,593 250 383 1,800 373 262 500 885566 607 Bills discounted: Sec. by U.S. Govt.. obligations 26,298 1,902 12,623 3,645 3,741 451 408 S76 621 90 399 212 1,330 Other bills discounted 85,963 3,005 27,571 20,496 6.711 6,323 5.803 4,558 925 2.942 3.603 888 3.138 Total bills discounted 112,261 4,907 40,194 24,l4l 10,452 6,774 6,211 5,434 1,5^6 3,032 4,002 1,100 4,468 Bills bought in open market 6,737 420 2,42b 6o4 563 222 199 748 155 105 165 165 965 U.S.Government securities: Bonds 441,210 24,402 170,045 28,070 32,160 11,863 10,782 76,949 14,494 16,304 12,509 13,524 25,10s Treasury notes 1,020,979 68,690 350,919 71,677 93,212 3^,376 31,159 171,753 40,562 25,^07 35,732 24,711 72,781 Certificates and bills 967,912 64,592 310,717 b7,373 87,652 32,324 29,300 183,641 38,144 23,887 33,600 23,240 68.442 Total U.S.Govt, securities 2,430,101 157,684 831,681 167,120 213,024 78,563 71,241 ^37,343 93,200 65,59S Sl,34l 66,475 166,331 Other securities 1,559 — 993 510 — — — — — 56 — — — Total bills and securities 2,550,65s 163,011 S75,294 192,375 224,039 85,559 77,651 443,525 94,901 68,791 86,008 67,7^0 171,764 Dae from foreign banks 3,700 2S5 1,336 4io 370 146 ,131 508 22 15 108 108 261 F. R. notes of other banks 16,242 317 3,661 394 573 1,211 1,291 3,537 1,171 695 1,219 311 1,862 Uncollected items 341,876 39,544 73,^96 27,552 30,494 34,037 11,805 44,311 18,093 9,4S4 20,814 15,070 17,176 Bank premises 5^,730 3,280 12,818 6,932 3,238 2,422 7,609 3,285 1,7^7 3,559 1,797 4,254 All other assets 48,822 453 26,631 4,626 2,421 3,4% 4,059 1,536 601 1,081 1,797 1,211 957 TOTAL ASSETS 6,819,781 500,016 i,976,4I6 459,488 537,302 300,937 226,386 1,456,498 237,962 174,321 261,099 169,972 469,334 * "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 AHD LIABILITIES OP THE FEDERAL RESERVE BARKS OH NOVEMBER 8, 1933 L I A B I L..I T I ES (In thousands of dollars) B-801-c Total Boston I'ew York phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Pra&» T.R.notes in actual circulation 2,932,997 215,67s 51*3.176 233,511 278,918 lUg,7S9 122,755 746,122 143,381 91,052 106,377 38,304 21**,934 I'.R.bank notes in actual circulation 193,S7S 20,113 52,6o*+ 13,521 26,513 3,730 5,789 30,321 5,609 3,896 7,463 14,226 9,888 Deposits: Member bank - reserve account 2.577,552 186,108 967,570 122,351 144,57s 83,571 60,431 511,219 87,593 54,372 106,235 81,557 171,917 Government 90,926 4,336 24,665 4,121 3,847 2,586 2,108 32,334 1,722 1,727 3,692 2,49s 7,240 foreign ca.il: 10,682 502 6,103 722 681 268 241 £94 234 158 199 199 4gi Special deposits: member bank 65,210 79S 5,399 6,133 to, o27 2,60s 2,324 28,320 4,330 1,365 2,330 3S7 2,534 nonniember bank 14,954 1,202 1,922 171 7^5 352 4,260 4,240 1,235 167 660 Other deposits 69,800 2,3^1 38,024 423 2,132 4,254 2,894 1,733 5,169 281 567 1,793 10,189 Total deposits 2,829,124 194,085 1,042,963 137,677 153,036 94,032 68,350 578,810 103,338 59,138 113,240 86,434 193,021 Deferred availability items 354,583 38,149 79,759 2? S,405 30,224 36,90-7 11,578 44,220 20,368 9,191 20,748 16,790 18,244 Capital paid in 145,301 10,780 58,454 15,756 12,360 4,925 4,531 13,003 4,oo4 2,865 4,243 3,709 10,616 Surplus 278,599 20,460 85,053 29,242 23,294 11,616 10,544 39,497 10,lSb 7,019 8,263 8,719 19,701 All other liabilities 35,499 ,7 46 14,402 1,376 2,957 933 2 739 4,520 1,076 1,160 765 1,790 2,930 1 TOTAL LIA3ILITI3S 6,319,781.500,016 1,376,415 459,4Sb 537,302 300,937 226,336 1,456,49s 287,962 174,321 c-3 JrL\C O 1j6 9,972 469,334 9 Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined 65.2 71.3 5S.1 61.9 62.0 71.3 67.3 72.0 68.7 6l.4 67.0 66.4. 56.8 Contingent liability on bills purchased for foreign correspondents 10,700 731 3,57^ 1,124 1,059 ^17 375 1,391 364 246 310 310 749 MATURITY DISTRIBUTION OP BILLS JkKD SHORT TERM SECURITIES 91 days to Total Within 15 days lb to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 112,261 80,877 7,951 15,445 6,534 1,313 136 Bills bought in open market 6,737 293 6l6 1,045 4,783 Certificates and bills 967,912 75,620 121,099 329,026 101,251 184,4io 156,506 Municipal warrants 1,559 1,439 47 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 RESERVE NOTE STATEMENT OH NOVEMBER S, 1933 (in thousands of dollars) B-801-d Total Boston Hew York Phila. Gleve. Sich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F.R.Agcnt 3,239,532 235,192 717,902 249,^96 292,026 156,831+ 1U2,125 783,377 151,751 96,155 113,16s 42,353 259,053 Held by Federal Reserve baok 256,535 19,51^ 74,726 16,085 13,10s 8,0^5 19,370 37,255 8,370 5,103 6,791 4,04944,119 In actual circulation 2,922,997 215,67c 61+3,176 233,511 272,91s l4s,739 122,755 746,122 143,331 91,052 106,377 38,304 214,934 Collateral held by agent as security for notes issued to bank: Gold and gold certificates 1,513,951 74,012 523,606 100,380 107,270 51,700 21,115 445,972 28,373 29,854 19,590 20,574 91,000 Gold fund - F. R. Board 1,123,175 1^1,317 53,100 69,120 99,500 75,375 74,000 290,000 96,200 39,500 72,800 21,500 90,763 Eligible paper 7l,OS9 3,0/0 27,093 10,208 8,895 ^,762 3,898 1,914 i,i4s 1,519 3,097 9^9 4,53s U. S. Govt, securities 580,000 19,000 l40,0(X) 70,000 80,000 26,000 44,000 50,000 28,000 26,000 20,000 — 77,000 Total collateral 3,2CC,215 237,399 7^3,799 250,20s 295,665 157,337 143,013 787,ss6 153,726 96,873 115,487 43,023 263,299 FEDERAL RESERVE BJSM KOTE STATEMENT OH HOV32.SER 8, 1933 (In thousands of dollars) Total 3cston Few York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. loaeral Reserve bank notes: Issued to F .R.Bark(outstanding) 218,494 23,671 63,597 i4,79S 27,532 4,6oo 6,353 31,920 5,233 ^,127 9,930 15,716 10,417 Held by Federal Reserve ba.Jc 24,si6 3,553 10,993 1,277 1,019 S7Q 564 1,599 224 231 2,467 1,490 529 In actual circulation 193,67s 20,118 52,604 13,521 26,513 3,73c 5,7C9 30,321 5,609 3.396 7,463 14,22b' 9,SCS Collateral pledged against chit standing notes: Discounted and purchased bills 2,024 ~ — — 1,545 — 196 — 233 — — 50 U.S. Govt, securities 239,274 30,000 64,274 15,000 30,000 5,000 9,000 36,000 7,000 6,000 10,000 16,000 11,000 Total collateral 241,29s 30,000 64,274 15,000 31,545 5,000 9,196 36,00a 7,233 6,000 10,000 16,050 11,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis