H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B~S>01 Friday morning, Nov. 9; Federal Heserve Board not earlier. November 8, 1 9• CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended November 7, as reported by the Federal Reserve banks, was $2,^57,000,000, an increase of $2,000,000 c ompar eci w i th the preceding week and a decrease of $107,000,000 compared with the corresponding week in 1933* On November 7 total Reserve bank credit amounted to $2,^40,000,000, a decrease of $15,000,000 for the week. This decrease corresponds with a decrease of $86,000,000 in Treasury cash and deposits with Federal Reserve banks and increases j of $6,000,000 in monetary gold stock and $0,000,000 in Treasury and National bank currency, offset in part by increases of $49,000,000 in money in circulation, $26,000,000 in member bank reserve balances and $11,000,000 in nonmember deposits and other Federal Reserve accounts. There were practically no changes in the System's holdings of bills discounted, bills bought in open market and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the wedc and the year ended Hovember 7> 193^» follows: Increase or decrease since Nov. 7 Oct. 31 Nov. S 193U 193H~ 1935 (In millions of dollars) Bills discounted 11 — -101 Bills bought O - 1 — U. S. Government securities 2.U30 — — Other Reserve bank credit -7 -15 . — TOTAL RESERVE BAM CREDIT 2,440 -15 -102 M netary gold stock g.OOg + 6 +3,972 0 Treasury and National bank currency 2.U42 + s +167 Money in circulation 5,503 +ks +117 Member bank reserve balances M 32 +26 +1,^51+ Treasury cash and deposits with F.R. banks -86 +2,571 Nonmenber deposits and other F.R. accounts +11 -10H Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, November 9, 193*+'» no,fc earlier. B-SOla ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Hov. 7, 1934 Oct. 31.1934 Nov. 8, 1933 A S S E TS Sold certificates on hand and due from U. S. Treasury 4,993,077 4,966,481 943,580 Gold 2,595.^3 — — Redemption fund - F. R. notes 21,296 22,032 39,266 Other cash 212,643 223,407 214.007 Total reserves 5,232,016 5.211,920 3,792,296 Redemption fund - F. R. bank notes . . 2,204 1,829 11,457 Bills discounted: Sec. by U.S.Government obligations . 5,003 4,986 2266,,2299ss Other bills discounted . 5.666 5,999 85,963 Total bills discounted 10,669 io,9S5 112,261 Bills bought in open market 6,073 6,082 6,737 Industrial advances* . .. 6,617 6,149 — U. S. Government securities: Bonds 395,589 395,578 441,210 1,411,717 Treasury notes 1,411,707 1,020,979 Certificates and bills 622.836 622.886 967,912 Total U.S. Government securities . 2,430,192 2,430,171 2,430,101 Other securities . 1,559 — Foreign loans on gold . . 2.247 Total bills and securities . . .. 2,455,79s 2,453,387 2,550.65s Due from foreign banks . . . . . . .. 819 311 3,700 F. R. notes of other banks 19,538 19. 16,242 Uncollected items . 4o4,194 ^39.993 341,276 Bank premises .. 53,084 52,97^ 54,730 All other assets . .. 48,381 48,094 48,822 TOTAL ASSETS 8,216,034 8,223,752 6,819,731 L I A B I L I T I ES F. R. notes in actual circulation . . . 3,189.172 3,160,777 2.932,997 F. R. bank: note circulation - net . . . 2288,,331133 23,664 193,678 Deposits: Member bank - reserve account . . .. 4,031,551 44,,000055,,999999 2,577,552 U.S.Treasurer - General account . . . 33,049 92,293 90,926 Foreign bank 9,074 8,952 10,682 Other deposits 163,058 154,553 149,964 Total deposits 4,236,732 4,261,802 2,829,124 Deferred availability items 420,265 433.939 354,523 Capital paid in . . 146,777 146,777 145,301 Surplus (Section j) 138,383 138,383 278,599 Surplus (Section 1 3 b ) . .. 1,480 845 — Reserve for contingencies . 22,291 22,291 12,090 All other liabilities 32,021 30,274 23.409 TOTAB LIABILITIES 8,216,034 3,228,752 6,819,781 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 7700..55$$ 70.2$ 6655..22$$ Contingent liability on bills purchased • for foreign correspondents 390 465 10,700 Commitments to make industrial advances 3,822 3.218 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON NOVEMBER 7, 1934 A S S E TS (In thousands of dollars) B-SOIb Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Frai Gold certificates on hand and due from U. S. Treasury 99S,077 378,7^0 1,633,808 268,993 372,299 205,411 128,000 1,045,377 200,169 142,588 186,925 115,026 320,736 Redemption fund ~ F. R. notes 21,296 899 1,452 2,544 2,303 2,201 3,785 1,682 713 S85 703 369 3,760 Other cash 212,643 25,840 46,684 33,194 11,783 8,618 10,317 28,326 11,859 10,818 7,313 6,529 11,362 Total reserves 5,232,016 405,479 1,681,944 304,736 386,385 216,230 142,102 1,075,385 212,741 154,291 194,94I 121,924 335,858 Redemption fund - IT.R.bank notes 2,204 250 1,954 — — — — — — — Bills discounted: Secured by U.S.Govt. obligations 5t°03 1,435 2,459 330 353 79 35 50 44 115 63 15 25 Other bills discounted 5,666 24 4,327 597 229 81 101 — 10 36 228 3 30 Total bills discounted 10,669 1,459 6,786 927 582 l60 136 50 54 151 291 18 55 Bills bought in open market 6,073 4o4 2,44s 583 52S 209 302 706 115 80 154 154 390 Industrial advances 6,617 1,502 469 269 174 1,169 537 634 374 713 220 541 15 U.S,Government securities: Bonds 395,539 23,212 140,957 25,137 30,558 14,856 13,560 62,144 13,79S 15,356 13,334 18,819 23,858 Treasury notes 1,411,717 92,881 448,075 98,609 126,040 61,274 55,739 250,364 54,S4S 34,871 54,232 36,372 98,412 Certificates and bills 622,886 41,584 188,723 43,374 56,427 27,433 24,953 115,835 24,554 15.3S0 24,278 16,284 44,061 Total U.S. Govt, securities 2,430,192 157,677 777,755 167,120 213,025 103.563 94,252 428,343 93,200 65,607 91,844 71,475 166,331 Foreign loans on gold 2,247 159 801 230 212 84 77 279 73 51 62 62 157 Total bills and securities 2,455,798 161,201 788,259 169,129 214,521 105,185 95,304 430,012 93,816 66,602 92,571 72,250 166,948 Due from foreign banks 819 61 309 87 7S 31 28 106 9 6 23 23 58 F. R. notes of other banks 19,538 365 5,145 438 1,009 2,611 980 3,612 1,086 974 1,066 296 1,956 Uncollected items 4o4,194 50,089 89,780 29,792 34,678 41,392 14,029 53,035 18,817 11,94s 24 ,216 17,390 19,028 Bank premises 53,084 3,224 11,523 4,541 6,788 3,128 2,372 7,387 3,126 1,664 3,485 1,757 4,089 All other assets 48.^81 59s 33,044 5,936 1,405 1,589 1,946 941' 208 898 3SU 873 5^7 TOTAL ASSETS 8,216,034 621,267 2,611,95s 514,659 644,864 370,166 256,761 l,570,480 329,303 236,333 316,686 214,513 528,494 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BANKS ON NOVEMBER 7, I93I+ L I A B I L I T I ES (In thousands of dollars) B-SOlc Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San Fran, F.R.notes in actual circulation 3,129,172 265,141+ 657,231+ 239,820 300,515 173,655 137,740 773,613 143,799 107,0^6 117,966 5M73 217,717 F.R.bank note circulation - net 28,313 924 27,389 - Deposits: Member bank - reserve account 4,031,551 281,064 1,600,898 201,01*5 272,940 135,251 78,163 685,057 139,5S1 98,986 159,897 125,815 252,851+ U.S.Treasurer - General account 33,0^9 2,17^ 499 551 1,922 505 9,973 7,295 2,013 3,870 148 2,355 1,729 Foreign bank 9,074 3,312 916 846 335 30s 1,110 291 203 247 247 625 163,058 Total deposits 4,236,732 287,405 1,704,55s 209,931 280,196 139,660 92,520 695,720 155,265 109,851 163,505 129,516 268,605 Deferred availability items 420,865 45,495 90,862 33,129 33,904 45,352 13,683 59,553 20,51+8 11,366 26,1+06 20,882 19,685 Capital paid in 146,777 10,804 59,517 15,213 13,026 4,972 4,376 12,720 4,119 3,104 4,123 4,050 10,753 Surplus (Section 7) 13S,383 9,610 45,217 13,352 14,090 5,171 5,145 20,681 4,756 3,420 3,613 3,683 9,61+5 Surplus (Section 13 b) 1,480 — — — «... 37S 634 — 252 216 Reserve for contingencies 22,291 1,053 4,737 2,345 2,300 1,155 2,486 2,967 850 1,026 619 1,133 1,620 All other liabilities 32,021 832 22,394 S69 833 201 433 4,592 466 31s 23s 376 1+69 TOTAL LIABILITIES 8,216,031+ 621,267 2,611,95s 514,659 644,864 370,166 256,761 1,570,1+80 329,203 236,383 316,686 2ii+,5i3 528,1+94 Ratio of total reserves to deposit and F. R. notes liabilities combined 70*5 73*4 71.2 67.8 66.5 69.O 61.7 73.2 71.1 71.1 69.3 66.1 69.1 Contingent liability on bills purchased for foreign correspondents .39® 33 S6 46 45 lg 16 15 11 13 13 33 Commitments to make industrial advances 3,822 962 993 36 103 119 370 863 172 204 MATURITY DISTRIBUTION OF BILLS AND SSDRT TERM SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Qver 6 months 6 months Bills discounted 10,669 8,095 865 1,268 293 11+6 2 6,073 Bills bo-ught in open market 1,140 598 237 1+.098 Industrial advances 6,617 60 86 ISO 1+34 5,322 Certificates and bills 622,886 36,1+25 229,924 49,050 288,01+7 19,1+Uo Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

I93I+ FEDERAL RESERVE NOTE STATEMENT ON NOVEMBER 7, (In thousands of dollars) B~801d 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.agent 3,1+59,862 23b 9 2hi 71+9,823 256,129 31^7^9 1SH ? 857 15^,990 805:993 1^7,9^0 in f io6 123,671+ 59,962 256,388 Held by Federal Reserve bank 270,690 <37 92^9 16 ; 309 i^-r2I-4 11^:02 171250 32,380 k,iki U,o6o 5,708 5,089 38,671 In actual circulation 3,189,172 265,144 657,284 239,8^0 300,515 173,655 137,7^0 773,613 1^3,799 107,01+6 117,966 5M73 217,717 Collateral..hold ;by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 3,252,916 29^,117 773,706 212,000 271 s 431 158,31+0 85,385 812,513 11+2,936 108,500 116,550 61,675 215,763 Eligible paper 9,0145 1J+59 5,388 7U3 582 133 220 50 51+ 116 2I+3 18 39 U. S. Govt, securities 255,1+00 1+4,000 50 : 000 23 f 000 70,000 6,000 3 f Uoo 10,000 — i+i+,ooo Total collateral 3,517.361 295,576 779,09^ 256,7^3 322,013 186,1+73 155,605 812,563 11+8,990 112,016 126,793 61,693 259,802 FEDERAL RSS3RVE BANK NOTE STATEMENT ON NOVEMBER 7, I93I+ (In thousands of dollars) Total Boston New York Phila. Cleve, Rich, Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran, Federal Reserve bank notes: Issued to F.R.bank(outstanding) 39,667 1,511 27,91+8 10,208 Held by Federal Reserve bank 11,35*+ 587 559 10,208 ~ — — — 28,313 92l+ 27,389 In circulation - net* Collateral pledged against outstanding notes: Discounted and purchased bills 1+5,271+ 5,000 28,27*+ 12,000 U. S. Govt, securities ^5,27l+ 5,000 28,27^ 12,000 Total collateral •Does not include $85,025,000 of Federal Reserve bank 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