H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-SOl Saturday morning, Dec. 2; Federal Reserve Board not earlier. December 1, 1933* CONDITIO!? OF FEDERAL RESERVE BABES The daily average volme of Federal Reserve bank credit outstanding during the week ended Kjov ember 29, as reported by the Federal Reserve banks, was $2,9000,000 an increase of $10,000,000 compared with the preceding week and f of $3S0,000,G00 compared with the corresponding week in 1932. On November 29 total Reserve bank credit amounted to $2,5ol,000,000, an increase of $19,000,000 for the week. This increase corresponds with an increase of $89,000,000 in money in circulation and a decrease of $53,000,000 in Treasury currency, adjusted, offset in part by decreases of $11*1,000,000 in member bank reserve balances and $3,000,0)0 in unexpended capital funds, nonmember deposits, etc. Bills discounted increased $3*000,000 at the Federal Reserve Bank of ITew York and $7,000,000 at all Federal Reserve banks. The System's holdings of bills bought in open market increased $U,000,000, of United States Treasury notes $4,000,000 and of United States bonds $1,000,000, while holdings of Treasury certificates and bills decreased $4,000,000* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended November 29» 1933* were as follows: Increase or decrease since Kov 29 Hov 22 ITov* 30 # # JL22I- 1933 , 1932 (In millions of dollars) Bills discounted + J - 190 Bills bought + 4 - 11 U» S. Government securities + 531 2,^32 + 1 Other Reserve bank credit l 7 + S + TOTAL HESSEVE BA13X CB3DIT 2,5S1 +19 379 Lionet.'try gold stoclt 4,323 - 17 Treasury currency adjusted 1,907 -53 - 16 Money in circulation 5,743 +S9 + 95 Member bank reserve balances 2,573 -nU + 162 Unexpended capital funds,nonmeaber deposits, etc. 496 - S + S9 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Saturday morning, Dec. 2,1933; not earlier. 3-801-a ASSETS AHD LIADILITIES OF THE T'TELYE FEDERAL IBS E2VE 3 ASKS COX IUED (in thousands of dollars) JTov. 29,1933 ITov. 22, 1933 Nov. 30,1932 A S S E TS Gold with Federal Reserve agents . . .. 2,618,254 2,627,779 2,242,398 Gold redemption fund with U.S.Treasury , 40,888 38,518 4o,o4s Gold held exclusively against F.R.:iotos 2,659,1^2 2,666,297 2,282,446 Gold settlement fund with F.R. Board . , 673,403 668,409 339,926 Gold and gold certificates held "by banks 240,693 21+1,074 426,952 Total gold reserves . . . .. 3,573,238 3,575,780 3,049,324 Other cash* 204,583 227,086 261,106 Total gold reserves and other cash 3,777,821 3,802,866 3,319,030 Sedenption fund - R. bank notes , 11,990 11,85s — Bills discounted: Sec. by U.S.Government obligations 36,959 28,464 103,253 Other bills discounted 82,082 83,688 205,720 Total bills discounted . . .. 119,04l 112,152 308,973 3ills bou>at in open market . . .. 23,866 20,294 34,880 U. S. Government securities: Bonds . .. 442,675 442,212 420,714 Treasury notes 1,03U,003 1,030,473 377,693 Certificates and bills . . . . .. 954,959 958,409 1,052,359 Total U.S.Government securities 2,431,094 1,850,766 2,1+31,637 Other securities 1,580 1,580 5,411 Total bills and securities . .. 2,565,120 2,200,030 2,576,124 Due from foreign banks . , 3v523 3,579 2,861 F. R. notes of other banks 16,658 12,256 15,434 Uncollected items 396,168 353,468 375,332 Bank premises . . . . . .. 54,732 54,732 58,169 All other assets 49,689 39,880 50,442 TOTAL ASSETS 6,865,398 6,900,670 5,985,694 L I A B I L I T I ES F.ft.notes in actual circulation . . 3,030,329 2,970,210 2,692,286 F.ft.bank notes in actual circulation » 205,394 200,S97 — Deposits: Member bank - reserve account . . .. 2,572,942 2,687,291 2,410,594 Government 81,519 31,216 23,535 Foreign bank 5,324 S,824 25,947 Special deposits - member bank . . 55,006 57,269 — nonrnember bank 14,331 13,958 — Other deposits 69,128 24,150 67,352 Total deposits 2,867,686 2,484,226 2,796,474 Deferred availability items . . .. 402,536 354,109 373,730 Capital paid in . . 145,152 151,591 145,194 Surplus . . ' 278,599 259,421 All other liabilities 278,599 35,790 44,o6l 35>678 TOTAL LIABILITIES 6,865,398 6,900,670 5,935,694 Ratio of total gold reserves and other cash* to deposit and F.R.note liabilities combined 64.8$ 65.1$ 64,1$ Contingent liability on bills purchased for foreign correspondents 2,893 3,218 32,329 * "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 AMD LIABILITIES OF TEE FEDERAL RESERVE BANKS ON NOVEMBER 29, I933 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. Gold with Federal Reserve agents 2,613,254 221,872 551,706 163,000 209,770 130,475 95,200 737,972 120,572 65,354 96,490 44,074 181,763 Gold redemption fund with U.S.Treas. 40,888 1,681 9,732 4,287 5,007 1,532 2,922 4,256 l,4l4 1,654 l,26g 920 6,165 Gold held exclusively against F. R. notes 2,659,142 223,553 561,438 167,287 214,777 132,057 98,122 742,228 121,992 67,008 97,753 4444,,999944 113377,,9922ss Gold settlement fund with F.R.Board 673,403 26,915 179,790 13,135 60,346 24,987 13,399 193,279 33, 18,250 32,364 34,952 42,535 Gold and gold certif. held by banks 240,693 21,705 147,621 12,53S ^,799 1,059 2,933 2,79^ 27s 455 11,686 3,709 31,066 Total gold reserves 3,573,238 272,173 888,849 192,960 279,922 158,103 114,504 93S,301 155,721 85,713 i4i,sos 83,655 261,529 Other cash* 204,583 16,028 ^5,033 27,834 is,372 10,569 12,196 29,070 9,825 s,30i 9,528 6,205 11,622 Total gold reserves & other cash 3,777,821 288,201 933,882 220,79^ 298,294 168,672 126,700 967,371 165,5^6 94,OI4 151,336 89,860 273,151 Redemption fund - F.R.bank notes 11,990 1,250 2,932 1,015 1,360 248 247 2,250 35S 309 500 854 667 Bills discounted: Sec. by U.S.Govt, obligations 36,959 3,869 17,646 5,336 2,710 1,072 1,884 2,624 651 103 227 639 19s Other bills discounted 82,082 2,634 27,562 20,586 6,886 5,413 5,795 74O 2,733 2,283 621 2,305 Total bills discounted 119,04l 6,503 45,208 25,922 9,596 6,485 7,679 7,098 1,391 2,886 2,510 1,260 2,503 Bills bought in open market 23,866 1,54s 8,114 2,039 2,089 883 823 2,631 765 595 689 704 2,936 U. S. Government securities: Bonds 442,675 24,390 170,046 28,068 32,161 11,860 10,759 76,951 14,493 16,301 14,009 18,526 25,111 Treasury notes 1,034,003 69,607 355,069 72,636 94,458 34,836 31,575 173,9^3 4i,io4 25,771 36,209 25,041 73,75^ Certificates and bills 954,959 63,67^ 306,566 66,4i6 86,405 31,867 28,932 186,449 37,603 23,550 33,123 22,908 67,466 Total U.S.Govt, securities 2,431,637 157,671 831,681 167,120 213,024 78,563 71,266 437,3^3 93,200 65,622 83,3^1 66,475 166,331 Other securities 1,580 — 933 510 — — — — — 77 — — Total bills and securities 2,576,124 165,722 885,996 195,591 224,709 35,931 79,763 447,072 95,356 69,180 86,540 68,439 171,320 Due from foreign banks 3,523 285 1,159 *±10 370 146 131 508 22 15 108 108 261 F. R. notes of other banks 15,434 370 4,893 56s 682 1,055 1,053 2,674 694 590 1,160 291 l,4o4 Uncollected items 375,332 43,869 100,599 29,242 3^,676 31,536 12,391 45,320 15,5H 9,539 21,313 14,529 16,307 Bank premises 5^,732 3,280 12,818 3,791 6,932 3,23S 2,422 7,609 3,285 1,7^7 3,559 1,797 ^,254 All other assets 50,442 29,001 ^,579 2,106 3,321 3,S52 1,672 596 1,050 1,705 1,17S 951 TOTAL ASSETS 6»S65,39S 503,408 1,971,280 455,990 569,129 294,147 226,564 1,474,476 281,36s 176,444 266,221 177,056 469,315 * "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 BAMS OH NOVEMBER 29, 1933 L I A B I L I T I ES (In thousands of dollars) B-SOl-c Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 3,030,329 224,5^5 663,789 233,284 282,074 154,095 122,50U 757,181 143,370 90,669 104,731 40,405 213,6S2 F.R.bank notes in actual circulatio: 1 205,394 21177 53,751 1S,2S3 26,126 4,59s 5,52S 30,242 5,93S 5,027 9,^71 13,103 12,090 t Deposits: Member bank - reserve account 2,572,942 172,480 934,795 116,603 166,521 74,591 55,965 53,576 111,36) 89,865 173,933 Government 81,519 6,460 24,656 3,351 3,230 5,091 4,949 16,070 1,993 3,118 2,293 1,307 4,001 Foreign bank 5,324 502 745 722 631 26s 241 S94 234 158 199 199 4si Soecial deposits: member bank 55,006 544 4,924 7,227 5,934 2,054 2,207 21,340 3,923 1,192 2,4-02 M3 2,791 nonmember bank 1^,331 — 1,249 1,948 170 67s 211 3,930 5,157 291 40 657 Other deposits ^7,352 i,64o 32,862 504 1,535 3,331 5,539 1,117 4,307 1,800 616 2,189 11,412 Total deposits 2,796,474 121,626 999,231 130,355 133,121 86,513 69,112 533,553 98,662 60,135 116,91s 93,973 193,275 Deferred availability items 373,730 43,963 95,330 27,436 34,137 31,323 11,623 46,299 is,116 9,476 21,725 16,109 is,133 Capital paid in 145,194 10,363 58,467 15,737 12,372 4,934 4,428 12,9^5 3,933 2,370 4,243 3,725 10,612 Surplus 272,599 20,460 S5,05S 29,242 28,294 11,616 10,544 39,^97 10,186 7,019 8,263 8,719 19,701 All other liabilities 35,67s 774 15,654 1,653 2,945 1,008 2,825 ^,759 1,09s 1,248 870 1,022 1,822 TOTAL LIABILITIES 6,865,393 503,403 1,971,280 455,990 569,129 294,147 226,564 1,474,476 281,368 176,444 266,221 177,056 469,315 Ratio of total gold reserves and other cash* to deposit and F.R. note liabilities combined 64.8 71.0 56.2 60.7 64.1 70.1 66.1 72.2 68.4 62.3 68.3 66.9 67.I Contingent liability on bills purchased for foreign correspondents 2,893 285 294 4io 386 152 137 507 133 90 113 113 273 MATURITY DISTRIBUTION OF BILLS AllD SHORT T3BM SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 93 days Over 6 months 6 months Bills discounted 119,04l 91,804 9,534 3,507 7,356 1,096 194 Bills bought in open market 23,866 5,623 MS7 4,775 8,700 81 Certificates and bills 95^,959 66,092 274,882 l46,o9S ss,7i4 222,067 156,506 Municipal warrants 1,530 l,4s6 14 SO * "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 ON NOVEMBER 291, 933 (In thousands of dollars) 3-S01-d Total Boston ITew York Fhila. Cleve. Ricli Atlanta Chicago St.Louis Minn. Sans.Cy. Dallas San Fran. # Federal Reserve notes: Issued to F.E.tank by F.R.agent 3,26U S S91 237,226 731jSSS 246,025 297,6^0 161,265 142,392 791,951 151,Hi4 112,562 44,512 252,607 Held "by Federal Reserve "bank 23^562 13,31*1 6s,099 12,7^1 15,566 7,170 19,888 3^,770 S.oWt MSO 7,851 U.107 36,925 In actual circulation 3,030,329 22^,5^5 663,7.39 233,284 282,0?4 15M95 122,504 757,181 1^3,370 90,669 104,731 5+0,405 213,682 Collateral held by agent as security for notes issued to bank Gold and gold certificates 1,513,07s 523,606 100,280 107,270 52,100 21,200 H45,972 28,378 29,85^ 17,690 20,57^ 91,000 Gold fund - F. R. Board 1,105,176 147,318 23,100 62,120 102,500 70,375 74,000 292,000 92,200 35,500 78,800 23,500 90,763 Eligible paper 96,276 6,547 37,6^1 13,776 9,561 5,446 5,679 5,581 1,712 1,897 2,095 1,726 4,615 U. S. Govt, securities 597,600 l4,Q00 165,000 70,000 so,0:0 26,jjO 4s,; 1 '\J'-J\J 50,300- 50,000 2S.600 16.jo; 70.000 Total collateral 3,312,130 242,419 75^,3^7 246,776 299,331 161,921 lUs.879 793,553 152,290 95,851 11^,525 ^5,800 256,37s FEDERAL RESERVE BJfflK BOTE STATEMENT ON NOVEMBER 291,9 33. (In thousands of dollars) To tal Boston ]>Tew York phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.C/. Dallas San Fran, Federal He serve bahk notes: Issued to F.R.3ank(outstanding) 225,5^4 23,363 63,866 20,283 27,299 4,598 6,217 31,370 6,138 5,5^ 9,900 14,509 12,457 Held by Federal Reserve bank 20,150 2,186 10,115 2,000 1,113 689 1,128 200 llL 429 i,4o6 367 In actual circulation 205,39^ 21,177 53,751 18,283 26,186 4,598 5,528 30,2^2 5,938 5,027 9,^71 13,103 12,090 Collateral pledged against outstanding notes: Discomited and purchased bills 1,94s 1,5^6 2H3 159 U.S.Govt, securities 2^7,27U 30,000 64,274 21,000 30,000 5,000 7,000 36,000 7,000 6,000 10.000 16.000 15.000 Total collateral 2U9,222 30,000 61+, 27^ 21,000 31,5^6 5,000 7,2^3 36,000 7,159 6,000 10,000 16,000 15,000 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis