H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STAT2LBHT FOR THE P3JBSS B-801 H ^Leased for publication Board of Governors Friday morning, Oct. 11; of the Federal Reserve System not earlier October 10 1935 f C03DITI0IT OF FEDERAL R3S3RV3 BJQ1S The daily average volume of Federal Reserve bank credit outstanding during the week ended October 9t reported by the Federal Beserve banks, was $2,480,000,000, unchanged from the preceding week and $25*000*000 above the corresponding week in ,193^# On October 9 total Sesdrve bank crodit amounts to $2,47S,000,000* an increase of $8,000,000 for the week. This increase corresponds with increases of $106,000,000 in member bank reserve balances, $10,000,000 in money in circulation and $6,000,000 in nonmembcr deposits and other Federal Reserve accounts, and a decrease of $3,000,000 in Treasury and national bank currency, offset in part by an increase of $49,000,000 in monetary gold stock and a decrease of $67,000,000 in Treasury cash and deposits with Federal Reserve banks. Member bank reserve balances on October 9 estimated to be approximately $2,720,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $43,000,000 in holdings of United States Treasury bills was offset by a decreaso of $43,000,000 in 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 9» 193 5> were as follows: Increase or decrease since Oct. 9 Oct, 2 Oct. 10 -1225- 19^5 1934 (In millions of dollars) Bills discounted. 10 - 2 Bills bought 5 - 1 U. S. Government securities 2,430 Industrial advances (not including 27 million commitments - October 9) 33 + 3 + 29 Other Reserve "bank credit l + 7 + 5 TO Til HESEBYE BALTIC CBEDIT 2,478 + 8 + 30 Monetary gold stock 9,^63 + 1*9 +1,^78 Treasury end national bank currency 2,396 - 3 - 7 Money in circulation 5,698 + 10 +219 Member bank reserve balances 5,330 +106 +1,351 Treasury cash and deposits with banks 2,7^7 -220 Nonmember deposits and other F.H, accounts 563 + 6 +151 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 11, 1935; »ot earlier. B-801& ASSETS AHD LIABILITIES OF THE TWELVE FEDERAL RESERVE 3JPKS COiSIHED (In thousands of dollars) Oct. q. 1935 Oct. 2. 1935 Oct. 10. 1934 A S S E TS Gold certificates on hand and due from U. S. Treasury . . .» 6,725,656 6,63^,653 4*960,596 Rederaption fuild ~ F. R. notes . i * 19,250 19,660 21,158 Other cash . » . . 207,251 206,946 204,633 Total reserves * * » . i * 6,952,157 6,861.259 5,186,387 Redemption fund - F. R, bank notes i 1,897 Bills discounted: Sectired by U.S.Gov't, obligations, direct and/or fully guaranteed . . 4,150 5,311 M30 Other bills discounted 5,437 5,178 7,909 Total bills discounted . . .. 9.587 10,489 12,039 Bills bought in open market 4,686 4,689 5,809 Industrial advances t 32,721 30,070 3,708 U, S. Government securities: Bonds 238,95^ 238,962 395,607 Treasury notes . 1,636,574 1,679,569 1,411,708 Certificates and bills . . . . .. 55^,681 511,681 622,887 Total U. S. Government securities 2,430,209 2,430,212 2,430,202 Other securities . . .. 181 302 Total bills and securities 2,477,384 2,475,460 2,452,060 Due from foreign "banks . . 639 638 1,071 F, H. notes of other "banks 21,864 22,564 19,572 Uncollected items . .. , 475,590 542,725 427,662 Bank premises . , 50,121 50,074 52,931 AL1 other assets 44,254 42,492 55,390 TOTAL ASSETS 10,022,009 9,995,212 8,196,970 L I A B I L I T I ES F. H. notes in actual circulation . 3,498,789 3,481,907 3,184,558 F. R. bank note circulation - net . 29,664 Deposits: 5,223,616 Member "bank - roservo account . 5,329,807 3,978,521 U.S. Treasurer - General account 60,327 90,84I 51,387 Foreign "bank 14,826 14,687 7,799 Other deposits . 298,059 291,675 175,232 Total deposits . . 5,703,019 5,620,819 4,212,939 Deferred availability items 475,791 549,267 432,822 Capitrl paid in . . . .. . 130,518 130,522 146,699 Surplus (Section 7) . . . . 144,893 144,893 138,383 Surplus (Section 13b) . . . 23,457 23,457 Reserve for contingencies . 30,694 30,694 22,289 All other liabilities . . . 14,848 13,653 29,616 TOTAL LIABILITIES .. . , 10,022,009 9»995,212 8,196,970 Ratio of total reserves to deposit and F, R. note liabilities combined . . 75 M 75.4$ 70.1$ Contingent liability on bills purchased for foreign correspondents . . .. 611 Commitments to make industrial advances 26,859 26,748 1,809 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS iHD LIABILITIES OF THE FEDERAL RESERVE BiffiKS Oil OCTOBER 9, 1935 (In thousands of dollars) B-801b A S S E TS Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 6,725*656 428,102 2,782,273 390,788 451,925 216,470 165,56o 1,234,457 207,695 1*H, 7^9 192,3^7 110,91+3 403,347 Redemption fund - F. R. notes 19,250 3,347 1,227 1,67S 1,067 1,413 2,835 1,123 952 421 999 770 3,368 Other cash 207,251 28,509 45,994 28,612 10,386 9,260 8,009 25,568 10,670 10,187 12,464 5,290 12,302 Total reserves 6,952,157 ^59f95S 2,829,^ Ua07S ^63,37S 227,1^3 1 7 6 ,^ l,26ii4s 219,317 152,357 205,210 117,003 ^19.017 t t Bills discounted: Secured "by U.S.Govt, obligations, direct and/or fully guaranteed > 4% ,150 v4 s6 22,,669933 118866 180 201 — — 54 5 122 113 110 Other "bills discounted 5,437 9 ^,518 17 21 60 35 — 54 282 395 ^6 Total "bills discounted 9,587 495 7,211 203 201 2fcl 35 — 54 59 404 508 156 Bills "bought in open isarlret 4,686 345 1,801 475 445 173 169 557 80 64 127 122 328 Industrial advances 32,721 2,853 7,301 6,929 1,788 K510 1,079 1,899 453 2,148 1,103 1,840 818 U. S Government securities: # Bonds 238,95^ 14,425 79,866 1 6,348 19,070 10,209 8,254 25,623 9,420 12,975 9,51*+ 15,815 17,435 Treasury notes 1,636,57^ 108,583 484,346 122,403 150,305 SO,731 65,164 243,830 74,995 47,588 73.775 ^5,979 137,875 Certificates and "bills 554,681 34,669 179,605 33,369 48,150 25,776 20,805 86,236 23,735 15,029 23,555 14,631 44,021 Total U.S.Govt, securities 2,430,209 157,677 744,317 177,120 215,025 116,716 94,223 355,689 108,200 75,592 106,844 76,475 199,331 Other securities 181 — — — — -- 181 — Total bills and securities 2,477,384 l6l,370 760,630 184,727 220,459 121,660 95,506 358,145 108,787 77,863 108,659 78,945 200,633 Due from foreign basics 639 43 256 66 60 24 23 77 4 3 17 16 45 F. R. notes of other banl:s 21,864 351 6,914 926 1,892 1,524 1,504 2,087 1,022 1,097 1,298 261 2,988 Uncollected items 475,590 46,632 111,521 36,065 43,5i4 4i,g43 18,757 61,278 24,789 16,673 28,936 20,696 24,736 Bank premises 50,121 3,l6S 12,029 4,754 6,632 3,023 2,331 K3&7 2,628 1,580 3,449 1,636 3,869 ill Other assets 44,254 551 30,618 4,885 l,6o4 1,130 1,563 685 1,094 476 293 893 457 TOTAL ASSETS 10,022,009 672,078 3.751,462 652,501 737,539 396,452 296,143 1,688,387 357,641 250,049 3^8,462 219,500 651,795 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AKD LIABILITIES OF THE FEDERAL BESEHVE BASICS OH OCTOBER 9, 1935 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston Hew York Phila. Cleve, Rich. Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Fran, 214,452 1^2,9^2 106,932 134,356 66,674 264,4o7 F.R.notes in actual circulation 3,492,789 300,275 754,297 253,044 334,162 172,757 142,479 Deposits: Member "bank - reserve accotmt 5,329,207 295,157 2,57^,129 321,729 161,719 107,257 755,942 160,420 102,513 170,764 103,392 302,262 U.S.Treasurer - General account 60,327 2,050 30,621 3,410 4,6o6 2,474 2,791 1,261 2,295 2,264 3,020 2,227 Foreign 'bank l4,S26 929 6,150 1,359 1,305 502 494 1,593 412 330 362 357 961 Other deposits 292,059 2,646 153,063 69,543 2,195 1,210 5,209 6,3&'9 10,531 6,132 2,326 12,799 24,210 Total de-posits 5,703,019 300,242 2,764,023 333,547 322,639 162,643 116,634 766,721 173,224 117,276 176,322 119,562 337,460 Deferred availability items ^75,791 46,302 109,172 33,752 43,572 40,227 17,625 64,629 25,152 16,981 22,026 22,214 26,241 Capital paid in 130,512 9,^35 50,926 12,303 12,331 4,601 4,169 12,072 3,730 3,003 3,229 3,796 10,203 Surplus (Section 7) 144,293 9,902 49,964 13,470 14,371 5,126 5,540 21,350 4,655 3,^20 3,613 3,777 9,645 Surplus (Section 13*0 23,457 2,274 7,250 2,092 1,007 3,335 754 1,391 547 1,003 1,142 1,252 204 Reserve for contingencies 30,694 1,642 7,500 2,995 3,000 i f 4li 2,517 5,325 291 1,169 232 1,363 2,043 All other liabilities 14,242 294 2,210 1,226 451 232 365 2,441 44o 259 222 256 392 TOTAL LIABILITIES 10,022,009 672,07s 3,751,462 652,501 737,539 396,452 296,143 i,6ss,3S7 357,64i 250,049 3 42,462 219,500 651,795 Ratio of total reserves to deposit and F. S. note liabilities combined 75.6 76.5 30.4 71.2 69.9 66.5 66.6 19.g Ss.l 68.0 66.2 62.2 69.6 Commitments to make industrial 257 1,754 1,271 501 519 1,987 143 1,303 592 4,262 advances 26,259 3,392 9.660 MATURITY DISTRIBUTION OF BILLS A1ID SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 9,527 7,617 210 74s sMg 161 2 Bills "bought in open market 4,626 616 2,729 245 436 Industrial advances 32,721 314,,479445 320 531 622 2,750 26,632 U.S.Government securities 2,430,209 22,925 55,310 146,360 220,255 1,944,314 Other securities 121 121 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE HOTE STATEMENT ON OCTOBER 9, 1935 (In thousands of dollars) B-SOld Total Boston Hew York PMla. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. federal Reserve notes: Issued to F.R.bank ly F.RJlgent 3,792,233 328,UOT 866,0^6 264,803 350,^71 182,627 168,521 850, l44 156,118 111,597 1^2, 810 72,286 298,^53 Held by Federal Reserve bank 293,^ 28,132 111,7^9 11,739 16,309 9,870 20,042 35,686 7,176 4,659 8,454 5,612 34,o46 In actual circulation 3,498,789 300,275 754,297 253,044 334,162 172,757 148,479 814,458 148,942 10b,938 134,356 66,674 264,407 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. 5. Treasury 3,658,018 331,617 863,706 265,000 331,440 163,000 115,685 S6l,000 147,632 103,500 126,000 68,175 281,263 Eligible paper 8,131 ^95 5,759 203 201 261 35 __ 54 57 402 508 156 U. S. Govt, securities l60,900 -- — 20,000 20,000 55,000 — 10,000 9,^00 18,000 4,500 24,000 Total collateral 3,827,049 332,112 869,465 265,203 351,641 lS3,261 170,720 861,000 157,636 112,957 l44,402 73,183 305,419 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis