H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATBMEKTT FOR THE PRESS Released for publication B-801 Friday morning, Oct* 5; Federal Reserve Board not earlier. October 4 I93U. f COM) moil OF FEDERAL H3SERVE 3AMIS The daily average volume of Federal Reserve bank credit outstanding during the wee^ ended October 3? reported, by the Federal Reserve banks, was $2,460,000,000, a decease of $£,000,000 compared with the preceding week and an increase of $$±,000,000 compared with the corresponding week"in 1933• On October 3 total Reserve bank credit amounted to $2,^55,000,000, a decrease of $8,000,000 for the week. This decrease corresponds with decreases of $75,000,000 in member bank reserve balances and 000,000 in nomember deposits and other Federal Reserve accounts and an increase of $4,000,000 in monetary gold stock, offset in part by increases of $65,000,000 in money in circulation and $7*000,000 in Treasury cash and deposits with Federal Reserve banks and a decrease of $2,000,000 in Treasury and National bank currency. Bills discounted decreased $5,000,000 at the Federal Reserve Bank of New York and at all Federal Reserve banks• There was practically no change in holdings of bills bought in open market, vhile increases of "2,000,000 in holdings of Treasury certificates and bills and of $1,000,000 in United States bonds were offset by a decrease of $3,000,000 in holdings of United States Treasury notes. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended October 3, 193^, were as follows: Increase or decrease since Oct. 3 Sept. 26 Oct. k 19 3H 19^ 1933 (In trillions of dollars) Bill® discounted If) - 5 -10s Bills bought 6 - 1 U. S . Government securities 2.^31 + l +122 Other Reserve bank credit 3 - U - 7 TOTAL HSSSHV1 BANK CICDIT 2,^55 - 8 + 6 + if +3,91+3 Monetary gold stodr 7,920 Treasury and national bank currency 2,1+07 - 2 +128 Uoney in circulation +65 +103 Member bank reserve balances 3,295 -75 +1,372 Treasury cash and deposits with F.R.banl's 3,06S + 7 +2 >696 Honmember deposits and other 3F.R. accounts kll -94 - ^ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication fridsy morning, October 5,1934; not earlier. B-SOla ASSETS AiTD LIABILITIES OF THE TU1I.V3 KSPIML SSSERVS BASKS COtSXSXD (In thousands of dollars) Oct. 1934 Sept. 26.1934 Oct. 1933 A S S E TS Gold certificates on hand and due froiu U. S. Treasury '+,958,5^ 4,95S,007 957,495 Gold . . -- — 2,598,017 Redemption fund - R. notes . . . . 21,79s 22,29s 36,273 Other cash . 211,449 236,651 219,232 Total reserves 5,191,791 5,216,956 3,811,017 Redemption fund - F. It, bank notes . . 2,186 1,829 9,839 Bills discounted: Sec, by U.S.Government obligations . 5,137 23,241 Other bills discounted 10,805 15,177 99,743 Total bills discounted . . . . 15,257 20,314 122,984 Bills bought in open market . . . . . 5,810 5.812 7,195 Industrial advances* • 2,467 1,961 — U. S. Government securities: Bonds 396,564 395,541 441,271 Treasury notes . 1,419,213 1,421,720 971,411 Certificates and bills . 615,3SS 6l.2jiS.72. 896.534 Total U.S. Government securities 2,431,165 2,430,133 2,309,216 Other securities. . . . 3P5. 327 1,837 Total bills and securities . . . 2,455,004 2,453,547 2,441,232 I>ue from foreign banks . . . . . .. 1,319 1,819 4,238 F. R. notes of other banks IS,733 22,488 15,948 Uncollected items 479,511 433,443 429,705 Bank premises . . . . 52»385 52,821 54,614 All other assets 54,024 53.642 56,850 TOTAL ASSETS 8,255,456 8,241,545 6,823,443 L I A B I L I T I ES F. H. notes in actual circulation . . 3,175,674 3,134,973 2,999,389 F. R. bank note circulation - net . . 30,194 30,479 160,789 Deposits: Member bank - reserve account . . . 3,394,632 33,,996699,,551177 2,523,409 U. S. Treasurer - General account . 156,3S7 154,512 98,045 Foreign bank . . . . . . . . . . .. 9,476 9,740 16,098 172,933 175,320 142,598 Total deposits 4,233,428 4,309,689 2,780,150 Deferred availability items . . . . f 430,370 430,714 425,678 Capital t>aid in . . . 146,798 146,752 145,605 Surplus 138,383 138,383 278,599 Reserve for contingencies . . . . .. 22,444 22,446 12,103 All other liabilities . 28.165 28.109 21.130 TOTAL LIABILITIES 8,255,456 8,241,545 6,823,443 Ratio of total reserves to deposit and F. R.note liabilities combined . . . 70.1$ 70.1% 65.9* Contingent liability on bills purchased for foreign correspondents . . . .. 690 753 4400,,554499 Commitments to make industrial advances 1,633 756 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON OCTOBER 3, 1934 A S S E TS (in thousands of dollars) B-801b Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.ty. Dallas San Fran Gold certificates on hand and due from U. S. Treasury 4,958,544 3^8,533 1,760,163 255,148 362,549 193,483 114,674 1,03^,737 176,550 133,936 167,300 103,405 308,066 Redemption fund - F. R. notes 21,798 1,138 1,504 2,887 2,674 1,717 3,650 1,173 811 1,007 789 429 4,019 Other cash 211,449 20,796 51,309 34,998 11,419 8,047 10,9^2 30,285 8,318 10,696 7,284 5,864 11,431 Total reserves 5,191,791 370,467 1,812,976 293,033 376,642 203,21*7 129,266 1,066,195 185,679 11+5,639 175,373 109,698 323,576 Redemption fund - F. R. bank notes 2,126 250 1,936 — — — — — — — — — — Bills discounted: Secured by U.S.Govt, obligations 4,452 1,240 1,769 772 216 87 SO 75 161 14 10 3 25 Other bills discounted 10,805 21 5,51^ 4,040 284 398 156 71 120 4l 126 Total bills discounted 15,257 1,261 7,283 4,812 500 485 236 75 195 85 130 44 151 Bills bought in open market 5,810 lfis 2,167 6o4 546 216 199 731 122 85 159 159 404 Industrial advances 2,^67 3 128 136 95 475 369 180 251 552 165 98 15 U.S.Government securities: Bonds 396,564 23,213 140,956 25,139 30,552 14,855 13,537 62,143 13,798 15,358 ij+,331 18,819 23,857 Treasury notes 1,1+19,213 93,^10 450,287 99,162 126,758 61,623 56,067 251,597 55,161 35,055 54,541 36,578 98,97^ Certificates and bills 615,388 1+1,055 186,512 ^2,819 55,70S 27,085 24,633 114,603 24,241 15,182 23,972 16,078 43,500 Total U.S.Govt, securities 2,1+31,165 157,678 777,755 167,120 213,024 103,563 9^,237 428,343 93,200 65,595 92,844 71,475 166,331 Other securities 305 — 305 — — — — — — — — Total bills and securities 2,1+55,001+ 159,360 737»333 172,977 214,165 104,739 95,o4i 429,329 93.76s 66,317 93,298 71,776 166,901 Dae from foreign banks 1,319 99 , *97 143 127 50 46 173 9 7 37 37 94 F. R. notes of other banks 18,733 367 4,520 609 973 1,679 716 3,373 1,585 1,146 1,158 301 2,306 Uncollected items 479,511 51,923 112,432 32,297 ^,057 48,151 15.7&3 62,9^2 21,446 13,531 28,194 19,295 23,480 Bank premises 52,888 3,224 11,468 ^,399 6,788 3,128 2,372 7,3^7 3,126 1,664 3,485 1,757 4,090 All other assets 54,024 63!+ 39,025 ^,953 1,^30 1,650 2,006 1,270 220 989 436 838 573 TOTAL ASSETS 8,255,1+56 586,321+ 2,770,187 511+,1+n 6i+i+,i82 362,61+1+ 21+5,210 1,570,669 305,833 229,293 301,981 203,702 521,020 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS Aim LIABILITIES OF THE FEDERAL RESERVE BANKS Oil OCTOBER 3, 1934 L I A B I L I T I ES (In thousands of dollars) B-SOlc Total Boston Hew York Flaila- Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 265,214 665,215 24o,i2s 305,616 163,437 133,659 773,536 132,356 107,727 116,237 53,157 213,222 F.R.notes in actual circulation 3.175.67^ F.R.bank note circulation net 30,13^ 1,000 29,19^ Deposits: Member bank - reserve account 3,894,632 243,962 1,643,734 193,256 250,240 135,604 72,170 633,93? 117,522 90,810 144,347 116,261 241,722 U.S .Treastirer - General account 156,327 897 77,430 2,74s 9,136 814 1,655 53,787 4,912 1,322 607 1,012 2,055 Foreign bank 9,476 706 3,060 1,020 942 343 1,236 324 226 275 275 696 Other deposits 172,933 1,216 114,280 4,599 3,902 3,651 3,002 2,818 11,620 7,364 3,130 2,, 370 J^221 Total deposits 4,233,428 246,721 1,238,504 206,623 264,220 140,442 83,170 691,779 134,504 99,728 148,359 119,918 259,400 Deferred availability items 4S0,370 51,203 107,849 35,536 44,264 47,264 15,96s 65,076 '•22,337 13,911 22,926 21,488 25,948 Capital paid in 146,798 10,761 59,610 15,242 13,000 4,993 4,370 12,723 4,063 3,120 4,122 4,oi4 10,774 Surplus 138,383 9,610 45*217 13,352 14,090 5,171 5,145 20,b21 4,756 3,420 3,613 3,683 9,645 Reserve for contingencies 22,444 1,053 4,737 2,500 2,300 1,155 2,425 2,567 S51 1,026 619 1,133 1,612 All other liabilities 28 s lo5 702 19,861 9 , 6 4 69, 2 13 , 2 . t . o 3,9.07 3,6 6 .301 m 301 413 TOTAL LIABILITIES 2,255,456 526,324 2,770,127 514,411 644,102 352,644 245,210 1,570,669 305,833 -229,233 301.9S1 203,702 521,020 Ratio of total re. vac to deposit and F. R. note liabilities combined 7700..1 72.4 72.4 65.6 66.1 66.9 59.6 72.S 68.0 70.2 66.3 63.4 6s.5 Contingent liability on bills purchased1 for foreign correspondents 690 53 213 76 70 28 25 92 24 17 20 20 52 Commitments to make industrial advances 660 15 2 105 37 75 492 232 15 1,633 MATURITY DISTRIBUTION OF BILLS MTD SHORT TERM SECURITIES 91 days to Total Within 15 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 15,257 12,570 474 1,012 1,172 4 Bills bought in open market 5.210 126 3,687- 320 1,617 Industrial advances 2,467 i-4 21 . 25 133 25 1,951 Certificates and bills 615,32s 40,752 35,079 54,865 209,276 305 ifunicipal warrants 305 275.326 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE 1T0TE STATEMENT OH OCTOBER 3, I93U (In thousands of dollars) B-SOld Total Boston Hew York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. llans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank "by F.R.agent 3,^S,330 232,265 757*2*43 257,^sH 320,820 171,133 151,333 205,131 1^3,23U 111,3s1*- 122,573 58,706 255,67^ Held "by Federal Reserve "bank 272,656 27,651 32,03^ 17,236 15,212 7,706 18,27*+ 31,535 M38 3,607 6,342 5,5^9 1+2,^2 In actual circulation 3,175,67^ 265,21^ 665,215 2^0,188 305,616 163,US7 133,653 773»536 132,356 107,7S7 116,237 53,157 213,222 Collateral held by agent as security for notes issued to "bank: Gold certificates on hand and due from U. S* Treasury 3,177,^16 27s,117 763,706 202,000 273/431 1^6,3^0 81,335 813,513 125,330 106,000 103,550 59,675 205,763 Eligible paper SM^ 1,261 5,510 1,163 ^52 3^3 210 75 130 15 63 H1+ 82 U.S.Govt, securities 30U;800 15,000 — 50,000 50,000 25,000 72,000 — 18,000 5,800 ,15,000 — 5^,000 Total collateral 3,^91,630 23^,37.8 763,216 259,163 323,883 171,683 153,535 S19,523 1UU,126 111,815 12^,613 59,713 253,81+5 FEDERAL RESERVE BAPE NOTE STATEMENT OH OCTOBER 3 , I33I+ (in thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn* ICans.Cy. Dallas San Fran. Federal Reserve bank notes; Issued to F.R.hank( out standing) 1+1,633 1,5H 23,380 10,208 Held by Federal Reserve bank 11,505 511 726 10,208 — — — 30,131+ 1,000 23,13*+ In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills 1+7,1+7^ 5,000 30 >^7** 12,000 U.S. Govt, securities 1+7,^7^ 5,ooo 30,1+7^ 12,000 Total collateral •Does not include $31,112,000 of Federal Reserve hank notes for the retirement of which Federal Reserve "banks have deposited lawful money with the Treasurer of the United States. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis