H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATELIEST FOR THE PRESS Released for publication 3-301 Friday morning, ITov. 17; Federal Reserve Board, not earlier # Uovember l6 f 1933 • 0011DITI01T OF FEDERAL RESERVE 3A23KS Hie daily average volume of Federal Reserve bank credit outstanding during the week ended November 15 as reported by tho Federal Reserve banks, was f $2,577>O(?0»OOQ> an increase of $13,000,000 compared with the preceding week and of $372,000,000 compared v.dth the corresponding week in. 1932. On November 15 total Reserve bank credit amounted to $2,564,000,000, an increase of $22,000,000 for the week* This increase corresponds with increases of $67,000 ,000 in member bank reserve balances and $2,000,000 in unexpended capital funds, nonmember deposits, etc., offset in part by an increase of $27,000,000 in Treasury currency, adjusted, and a decrease of $19,000,000 in money in circulation. The System's holdings of discounted bills, of United States Treasury notes, and of Treasury certificates and bills show little change for the week, while holdings of bills bought in open market increased $8,000,000 and of United States bonds $2 000 000 f f # Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended November 15, 1933> were as follows: Increase or decrease since !Tov« 15 Nov, S Hov l6 # 1933 1933 1932 (In millions of dollars) Bills discounted Ill - 1 196 - Bills "bought + S 20 - U. S. Government securities 2,^32 + 2 + 5S1 Other Reserve "bank credit 6 +13 - 10 TOTAL RESERVE BANK CREDIT 2.56U +22 + 356 Monetary gold stock U,322 - 1 + 3S Treasrary currency adjusted 1,930 +27 + 1 Money in circulation -19 + 25 Menber hank reserve balances 2,6^5 +67 + 2U5 Unexpended capital funds,nonmenber deposits,etc. 51s + 2 + 126 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Nov. 17,1933". not earlier. B-801-a ASSETS AHD LIABILITIES OF THE TWELVE FEDERAL RESERVE BARS COMBINED (In thousands of dollars) Hov. 15,1933 Sot. 8,1933 Nov. 16,1932 A S S E TS Gold with Federal Resei-ve agents . . . .. 2,630,25!+ 2,637,126 2,21+1,169 Gold redemption fund with U.S.Treasury . . 38,185 39.266 1+2,106 Gold held exclusively against F.R.notes 2,668,439 2,676,392 2,283,275 Gold settlement fund with F. R. Board . . 668,019 661,187 321,867 Gold and gold certificates held by banks . 2l+0,b95 21+0,710 1+21.927 Total gold reserves 3,577,153 3.578,289 3,027,069 Other cash* 225,820 21*1,007 268,199 Total gold reserves and other cash . . . 3,802,973 3,792,296 3,295,268 Re delation fund - F. R. bank notes . .. . 11,693 H»^57 Bills discounted: Sed. by U.S.Government obligations . . . 26,-157 26,298 101,293 Other bills discounted 8*+, 980 85,963 205,879 Total bills discounted 111.^37 112,261 307,172 Bills bought in open market 15,180 6,737 3*+,52*+ U. S. Government securities: Bonds 1+1+2,691 1+1+1,210 1+20*693 Treasury notes . . 1,021,001 1,020,979 368,38*+ Certificates and bills 967,910 967,912 1,061,657 Total U.S. Government securities . . . 2,1+31,602 2,1+30,101 1,850,73!+ Other securities 1,569 1x5.52. 5,569 Total bills and securities 2,559,788 2,550,658 2,197,999 Dae from foreign banks 3,615 3,700 2,7*6 F. R. notes of other banks l6.0SU lb,2^2 ll+,310 Uncollected items 526^831 3^1^76 1+39,203 Bank premises * 5*4,732 54»73° 58»l69 All other assets 1+9,198 1+8,822 38,157 total assets 7,02^,97^ 6,819,781 6,01+5,255 L I A B I L I T I ES F.R.notes in actual circulation . . . .. 2,973,0^+0 2,982,997 2,699,7^+7 F^R.bank notes in actixal circulation . . 194,950 193,678 Deposits: Member bank - reserve account 2,61+5,232 2,577,552 2,399,722 Government . . .. 64,220 90,926 26,036 Foreign bank 7,532 10,682 10,922 Special deposits - member bank . . .. 65,529 65,210 —» nonmember bank . .. 14,593 lU,95^ Othor deposits . . „ . 75,U25 69,800 22.1+1+5 Total deposits 2,872,531 2,829,121+ 2,1+59,125 Deferred availability items 525,94-2 35^.583 431,775 Coital paid in 3.1+5,100 145,301 151*993 Surplus 278,539 278,599 259,421 All other liabilities 34,812 35,499 1+3^4 TOTAL LIABILITIES 7,024,974 6,819,781 6,045,855 Ratio of total gold reserves and other cash* to deposit and F.R.note liabilities combined , . 65.1$ 65.2$ 63»9$ Contingent liability on bills purchased for foreign correspondents 3,896 10,700 3^,95^ * "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 ARD LIABILITIES OF THE FEDERAL RESERVE BANKS OH NOVEMBER 15, 1933 A S S E TS (In thousands of dollars) B-8Cl-b Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold with Federal Reserve agents 2,630,254 2l6,S72 576,706 167,000 206,770 123,075 95.200 733,972 124,573 64,354 92,390 42,074 1S1,763 Gold redemption fund with U.s.Treas. 38,185 1,806 8,029 4,395 4,626 1,867 2,434 3,410 1,436 1,633 1,315 933 6,201 Gold held exclusively against F. R. notes 2,668,439 218,673 584,735 171,395 211,396 129,942 9977,,663344 737,332 126,014 6666,,553377 93,705 43,007 137,964 Gold settlement fund with F.R.Board 668,019 25,612 212,855 12,308 37,274 23,07s 12,691 176,999 29,389 18,530 38,943 32,129 48,206 Gold and gold certif. held by banks 2*10,695 21,1+99 147,44l 12,365 4,713 1,420 2,953 2,718 307 392 12,067 3,834 30,981 Total gold reserves 3,577,153 265,789 945,031 196,068 253,383 154,440 113,333 917,099 155,710 85,459 144,720 78,970 267,151 Other cash* 225,820 19,051 53,932 28,795 20,181 12,161 11,899 32,101 10,370 7,987 9,678 6,520 13,145 Total gold reserves & other cash 3,802,973 284,s4o 998,963 224,863 273,564 166,601 125,232 949,200 166,080 93,446 154,398 85,490 280,296 Redemption fund - F.R.bank notes 11,693 1,250 2,821 385 1,544 250 344 2,103 361 262 500 767 606 Bills discounted: 267 296 Sec. "by U.S.Govt, obligations 26,^57 1,783 13,346 4,215 3,063 584 1,339 577 182 469 336 Other bills discounted 84,980 3,033 27,846 20,601 6,856 6,235 5,512 4,508 S50 2,835 3,625 732 2,297 Total "bills discounted 111,1+37 1+,S16 41,192 24,816 9,919 6,819 5,779 5,847 1,427 3,067 4,094 1,028 2,633 Bills bought in open market 15,130 926 5,4SS 1,310 1,249 492 444 1,632 397 264 371 378 2,229 U. S. Government securities Bends 1+1+2,691 2i+,3S9 170,045 28,070 32,161 11,862 10,770 76,950 14,493 16,311 14,008 1188,,552244 25,108 Treasury notes 1,021,001 68,690 350,919 71,677 93,212 34,376 31,176 171,753 40,562 25,412 35,732 24,711 72,781 Certificates and "bills 967,910 61+, 592 310,717 67,373 87,651 32,324 29,297 188,640 38,145 23,338 33,601 23,240 68,442 Total U.S.Govt, securities 2,1+31,602 157,671 831,681 167,120 213,024 78,562 71,243 437,3^3 93,200 65,611 S3,3^1 66,475 166,331 Other securities 1,569 — 993 510 — — — — 66 — — — Total "bills and securities 2,559,788 163,1+13 379,35^ 193,756 224,192 85,873 77,466 444,822 95,024 69,008 87,306 67,881 171,193 Due from foreign banks 3,615 285 1,251 4io 370 146 131 50s 22 15 108 108 261 F. R. notes of other "banks i6,osi+ 330 4,39^ 539 1,030 1,567 1,036 3,129 772 543 1,178 259 1,307 Uncollected items 526,891 57,865 127,581 43,721 53,215 44,640 15,876 72,394 23,684 13,157 30,798 21,906 22,054 Bank premises 54,732 3,280 12,818 £.791 6,932 3,238 2,422 7,609 3,285 1,747 3,559 1,797 4,254 All other assets 1+9,198 1+56 27,426 4,607 2,134 3,427 3,952 1,559 599 1,071 1,783 1,196 983 TOTAL ASSETS 7,024,974 511.719 2,054,608 472,572 562,981 305,7^2 226,1+59 1,481,324 289,827 179,249 280,130 179,404 480,959 * >K)ther cash" does not include F. R. notes or a •bank's own F. R. hank notes. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS OH HOVMBER 15> 1933 L I A B I L I T I ES (In thousands of dollars) B-SOl-c Total Boston New York Phila. Cleve. Rich* Atlanta Chicago St.Louis Minn. Kans Qy Dallas San Fran* # # F B notes in actual circulation 2,973*0^0 217,52s 639,33s 232,8^9 279,076 11+9,697 122,230 71+3,726 11+2,903 89,8^7 10^,623 3S,^93 212,730 # # F H "bank notes in actual circulation 19^,950 I3*3sk 51,W+ iH,iss 26,195 *+,533 5,7*6 30 3^7 5,7^9 M61+ 8,3^ 13,795 10,^87 # # f Deposits: Member "bank - reserve account 2,61+5,232 181,252 1,000,^+37 124,701 150,481 80,536 57,520 533,094 83,026 54,416 116,50s 85,163 178,098 Government 6l+, 220 1,11+7 28,058 1,621 3,35s 1,682 2,17s 9,261 1,213 4,o4l 2,004 1,671 7,986 Foreign "bank 7,532 502 2,952 722 681 268 241 894 234 158 199 199 482 Special deposits: member "bank 65,529 788 5,653 8,224 6,373 2,256 2,369 27,9S9 4,4l4 1,184 3,199 392 2,678 67s 4,300 675 nonmember "bank 1^,593 » HI 1 1,^32 1,990 171 375 4,550 321 101 Other deposits 75,^25 2,157 1+2,166 650 1,520 4,452 2,7SS 997 5,7^7 1,233 933 1,631 11,151 Total deposits 2,872,531 185,846 1,080,708 137,908 162,584 89,872 65,^71 576,535 99,1S4 61,353 122,944 89,056 201,070 Deferred availability items 525,942 56,414 124,669 41,255 51,534 44,113 15,282 73,688 26,730 12,838 30,917 23,95S 24,544 Capital paid in 145,100 10,7S3 58,464 15,7^7 12,364 4,923 4,415 12,982 3,997 2,858 4,242 3,709 10,616 Surplus 278,599 20,460 25,058 29,242 28,294 11,616 10,544 39,^97 10,186 7,019 8,263 8,719 19,701 ill other liabilities 704 1 M 27 928 2,801 l,07S 1,170 793 1,674 1,811 TOTAL LIABILITIES 7,024,974 511,719 2,054,60s 472,572 562,981 305,742 226,459 1,481,324 229,827 179,249 280,130 179,4o4 480,959 Eatio of total gold reserves and other cash* to deposit and F#B. note liabilities combined 65.1 70.6 58,1 60.6 61.9 69.5 66.7 71.9 68.6 61.S 67.8 67.0 67,7 Contingent liability on bills xjurchased for foreign correspondents 3,896 2S5 1,29s 410 386 152 136 507 133 90 113 113 273 MATURITY DISTRIBUTION OP BILLS AND SHORT TERM SECURITIES 91 days to Total Tffithin 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills disco-cmted 111,437 20,979 9,9S6 12,449 6,41|4 1,423 156 Bills "bought in open market 15,180 499 5,156 4,491 4,2C7 147 Certificates and bills 967,910 106,070 246,179 174,245 9S,7U 186,200 156,505 Municipal warrants 1,569 1,449 37 50 33 * "Other cash" does not include J. 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 ON NOVEMBER 15, 1933 (In thousands of dollars) B-SOl-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 a&ent # # # Held by Federal Reserve "bank In actual circulation 2,973,o4o 217,52s 639.33S 232,S^9 279,076 1^9,697 122,230 743,726 142,903 39,347 104,623 33,493 212,730 Collateral held by agent as security for notes issued to "bank: Gold and gold certificates 1,51^579 74,555 523,606 100,330 107,270 51,700 21,200 445,972 28,378 29,854 19,590 20,574 91,000 Gold fund - F. E. Board 1,115,675 142,317 53,100 66,120 99,500 76,375 74,ooo 233,000 96,200 35,000 72,300 21,500 90,763 Eligible paper 78,405 3,4l6 30,672 11,714 9,075 5,136 3,555 3,214 1,285 1,733 3,367 1,172 3,966 U. S. Govt, securities 562,600 19.000 130,000 70,000 30,000 26,000 44.000 50.000 23.000 28.600 17.000 70.000 Total collateral 3,271,259 239,2SS 737,373 24s,714 295,845 159,261 11+2,755 737,186 153,863 95,237 112,757 43,246 255.729 FEDERAL H3SSRVE BASK SOTS STATEMENT OK NOVEMBER 15. 1933 (in thousands of dollars) Total Boston New York Phila. Cleve, Eich. Atlanta Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. Federal He serve "bank notes: Issued to F.l!.Barik(outstanding) 222211,,553366 2233,,660055 6633,,337755 13,6s4 27,434 4,600 6,31^ 31,723 5,941 4,467 9,925 14,802 10,6l6 Held by Federal Heserve bank 26,5S6 3,621 11,931 4,496 1,239 67 59S 1,376 192 303 1,57/ 1,007 129 In actual circulation 19^,950 19,984 51,444 14,133 26,195 4,533 5,716 30,347 5,749 4,164 8,348 13,795 10,487 Collateral pledged against outstanding notes: Discounted and purchased bills 1,929 — — — 1,515 — 193 221 —— —. —. — U.S.Govt. securities 243,274 30.000 64.274 19.000 -50.000 ^.000 q.000 ^6 ooo 7,000 6 ooo 10,000 16,000 IT,000 t r Total collateral 245,203 30,000 64,274 19,000 31,515 5,000 9,193 36,000 7,221 6,000 10,000 16,000 11,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis