H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMMT FOR THE PRESS Released for publication Board of Governors Friday morning, Uov. 15; of the Federal Reserve System not earjier November lU, 1935 # CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended November 13, as reported by the Federal Reserve banks, was $2,^SU,000,000, an increase of $2,000,000 compared with the preceding week and of $15,000,000 compared with the corresponding week in 193^» On November 13 total Reserve bank credit amounted to $2,^92,000,000, an increase of $30,000,000. This increase corresponds with increases of $75,000,000 in member bank reserve balances and $10,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $2,000,000 in Treasury and national bank currency, offset in part by an increase of $33*000,000 in monetary gold stock and decreases of $1^,000,000 in Treasury cash and deposits with Federal Reserve banks and $S,000,000 in money in circulation. Member bank reserve balances on November 13 were estimated to be approximately $3,050,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances An increase of $5,000,000 in holdings of United # States Treasury notes was offset by a decrease of holdings of United States Treasury bonds. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended November 13, 1935s were as follows: Increase or decrease since Nov. 13 Nov. 6 Nov. Ik 1935 1935 193U (In millions of dollars) Bills discounted 9 +2 -16 Bills bought 5 -1 U. S. Government securities 22,,^^3300 Industrial advances (not including 27 million commitments - ITovember 13) 33 +25 16 +28 Other Reserve bank credit •MO +30 +1S TOTAL BESERT® BAIK CREDIT 2,1+92 Monetary gold stock 9,7^7 +33 +1,717 Treasury and national bank currency 2,399 ~2 -51 +266 Money in circulation 5,7^6 -g Member bank reserve balances +1,639 5,7^6 Treasury cash and deposits with F.R.banks 2,SUl -323 506 +10 +103 ITonmemher deposits and other F.R.accounts Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, November 15,1955* not earlier. B-801* ASSETS AMD LIABILITIES OF THE TWELVE FEDERAL EESEHVE BASKS COMBINED (In thousands of dollars) ITov. 13.1^35 Bbv. 6.1935 Ho v. l4, mk A S S E TS Gold certificates on hant and due from XJ. S» Treasury 7,12l+:»156 7,063,156 5,018,687 Redemption fund - F. R. aotes * . IS,595 19,370 21,496 Other cash . . . . . . . . . .. 223,634 231.228 Total reserves . . . . .. 7,377,336 7.306,160 5,271,411 Redemption fund - F. R. bank motes 2,071 Bills discounted: Secured by U.S.Gov't obligations,direct and/or fully guaranteed . . 5,569 3,773 4,821 Other bills discounted . . . .. 4 4 3.028 20.086 3i%7 9*066 24*907 Total bills discounted . . . t 6, SOI 4,676 Bills bought in open market » * . * . 5,708 M 77 32,677 Industrial advances . . . .. 35.6S9 7,753 U. S. Government securities: Bonds » k . . 235*^7 395*545 Treasury notes * * » i . ; « I 1*644,009 1*638,588 1,410,9^-2 Certificates and bills 1 . 4 44 5564162 556.162 621.687 2,430,172 Tota.1 U.S. Government securities 2,430,197 2,430,174 Other securities . . . i 181 181 Total bills and securities . . 2,^76,785 2,474,532 2,468,542 Dae from foreign banks . . . . . . .. 64l 64l 802 F. R. notes of other banks . .. . . 22,119 21,829 21,885 Uncollected items 696,940 477,33s 607,2Ul Bank premises . . . . . . . . . . .. R0,220 50,169 53,084 All other asset3 . . . . . . . . .. , £2,057, ^,131 T0IA.L ASSETS 10,666,118 10,371,806 8,474,177 L I A B I L I T I ES F. R. notes in actual circulation 3,562,087 3,563,25U 3,178,512 F. R. bank note circulation - net 28,164 Deposits: 4,106,927 Member bank - reserve account . . 5,745,948 5,671,235 U.S.Treasurer - General account . 77,772 59,719 53,180 26,131 Foreign bank . . . . . .. 22,501 11,46' Other deposits . 222,758 213,724 151,99 6,072,609 4,323,566 Total deposits ... 5,967,179 Deferred availability items 682,195 ^90,231 602,273 Capital paid in . . . .. . 130,363 130,36^ 146,985 Surplus (Section 7) • • • • 144,893 144,893 138,383 23,457 Surplus (Section 13 b) . . 23,457 2,247 30,699 22,291 Reserve for contingencies . 30,781 -_ 21,729 All other liabilities . . . 19 ,,731 31.756 10,566,118 10,371,806 8,474,177 TOTAL LIABILITIES Ratio of total reserves to deposit and 76.7$ F. R. note liabilities combined . . . 76.6$ 70.3$ Contingent liability on bills purclincdd for foreign correspondents . . . .. 4oi 27,336 Commitments to make industrial advances 27.373 4,257 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON NOVEMBER 13, 1935 (In thousands of dollars) B-gOlb A S S E TS Total Boston New York Phi la. Cleve. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 7,124,156 444,160 2,957.333 357,9^ 492,33^ 232,267 171,9^7 1,371,537 224,277 145,096 196,36? 116,054 4l4,787 Redemption fund - F. B. notes IS,595 3.231 1,576 1,470 1,303 1,596 2,545 814 868 280 914 730 3,26g Other cash 234,585 32,206 51,817 29,732 13.4l6 10.927 29,^0 12,736 9.1^7 1*M86 6.782 l4.40R Total reserves 7.377.336 479,597 3.010,781 389,142 507,053 244,790 134,031 l,4oi,84l 237,gS3 154,523 211,669 123,566 432,460 3ills discounted: Secured "by U.S.Govt, obligations, 260 50 direct and/or fully guaranteed 5,569 217 ^,776 — ^7 30 4 5 117 — 63 16 28 Other hills discounted 3,^97 2,454 30 4 18 12 3 70 792 53 17 9,066 290 28 68 Total "bills discounted 233 7.230 51 42 7 75 909 53 80 1,800 474 168 Bills bought in open market M77 345 444 173 555 79 64 126 122 327 1,869 Industrial advances 32,689 2.995 7,6l4 6,915 1,790 4,442 1,051 4o6 11,,779933 1.139 1,811 864 U. S. Government securities: 230,001 19,070 10,209 25,623 Bonds 14,425 70,726 16,348 8,241 9,420 12,957 9,51^ 16,033 17,^35 Treasury notes 1,64^,009 1 03,478 491,625 122,288 150,660 80,653 65,101 243,634 7^,923 47,538 73,703 47,664 137,7^2 556,162 Certificates and hills 3^,773 179,466 38,484 48,295 25,854 20,368 86,432 23,857 15,074 23,627 15,278 44,154 2,1+30,172 116,716 Total U.S.Govt, securities 157,676 741,817 177,120 ;5 18,025 94,210 355,689 108,200 75.569 106,844 78,975 199,331 Other securities 181 — __ 181 Total "bills and securities 2,476,785 161,249 758,461 184,799 220,287 121,382 95,^97 358,155 108,692 77,501 109,199 80,961 200,602 256 Due from foreign hanks 48 66 61 24 23 78 4 3 17 16 4R 1,230 F. E. notes of other "banks 22,139 6,364 904 1,346 3,026 2,105 1,750 1,535 1,804 264 I,4I4 Uncollected items 696,940 6 ^ 6,5 3 5 97 1 17 12 1, ,0 1 7 7 7 7 5 4 1 , , 8 0 0 3 5 6 67 6 , ,6 9 3 23 2 60,200 24,503 104,038 3 2 5, ,6 1 2 1 8 ^ 19,%o 3 3 6 , , 4 5 4 7 9 1 25,632 34 3 , ,8 7 6 05 9 Bank premises 50,220 3,168 3,028 2,331 4,967 1,580 1,686 All other assets ^2,057 53^ 30,419 4,039 1,563 1,091 1,524 585 25S 457 255 919 ^13 TOTAL ASSETS 10,666,118 711,544 j S .989.535 634,791 804,865 ^ 3 • 3 ,5^1 309,139 11 ,371.769 386,329 255.089 362,964 233,044 673,508 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AHD LIABILITIES OF THE FEDERAL RESERVE BAMS OH NOVEMBER 13, 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, 3,562,027 305,304 759,447 263,15+2 339,712 122,125 151,069 220,323 153,^02 107,022 136,5^3 69,229 274,097 F.R.notes in actual circulation Deposits: 5,7^5,9^2 308,1+73 2,724,257 266,921+ 362,517 171,111+ ni+,72229 1,129 175,178 113,291 112,511 322,110 Member tank - reserve account 177,596 77,772 2,160 1+6,236 4,075 1,211+ 3,601+ 1,506 10,1+23 2,790 632 731+ 692 3,01+6 U.S.Treasurer - General account 26,131 1,295 9,503 2,605 2,500 974 9^7 3,052 789 632 702 621+ 1,21+2 Foreign "bank 2,1+01+ 2,23s 3,037 2,611+ 5,61+6 1,609 6,oi+i ii+,76i Other deposits 222,758 3,596 152,999 17,519 l+,29l+ Total deposits 6,072,609 3.1 6,121+ ''c ,932,995 291,123 369,235 177,930 121,535 907,761 187,371 120,201 120,647 125,928 341,759 Deferred availability items 622,195 65,934 162,257 ^9,077 64,601 58,674 23,245 100,949 35,293 19,013 35,871 26,214 3^,^67 Capital paid in 130,363 9,^37 50,994 12,300 12,297 4,592 4,169 11.989 3,732 3,001 3,873 3,737 10,192 Surplus (Section 7) li+i+,293 9,902 49,964 13,470 14,371 5,126 5,51+0 21,350 4,655 3,^20 3,613 3,777 9,645 1,007 547 1,003 1,252 Surplus (Section 13 b) 23/457 2,874 7,250 2,092 3,335 754 1,391 1,142 204 30,721 7,500 3,000 291 1,169 917 Reserve for contingencies 1,61+2 2,995 l,4n 2,510 5,325 1,363 2,o46 636 2.621 260 All other liabilities 19,733 321 13,128 526 228 311 432 Vi& 294 492 10,666,112 804,265 386,329 255,089 362,961+ 673,502 TOTAL LIABILITIES 711,5^ 3,989,535 634,791 433,541 309,139 1,871,769 233,044 Ratio of total reserves to deposit and F.R.note liabilities combined 76.6 77.2 SI.5 70.2 71.5 S8.0 67.5 21.1 69.2 $2.0 66.7 63.I 70.2 Commitments to make industrial 3,229 9,505 903 1,220 1,262 1+93 52!+ 2,335 1^0 1,303 599 4,660 advances 27,373 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 6 months Over 6 months Bills discounted 9,066 7,116 1+1 21+7 307 746 9 Bills bo-ught in open market ^,677 761 532 1+03 2,981 Industrial • advances 32,629 1,512 363 7I+9 21+5 2, l44 27,076 U.S. Government securities 2,1+30,172 23,360 33,830 139,300 76,993 321,326 1,775,303 Other securities 121 121 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERA.L RESERVE NOTE STATEMENT OF NOVEMBER 13, 1935 (In thousands of dollars) B-SOld Total Boston Hew York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Federal Reserve notes: Issued to F.R.bank by F.R.Agent 3,863,624 33^,998 873,^53 275,035 355,3^7 193,052 170,735 855,169 lbl,S49 111,413 144,511 77,002 311,015 Held by Federal Reserve bank 301,537 29,694 114,011 11,893 15,669 10,927 19,556 34,786 8,44l 4,391 7,968 7,173 36,918 182,125 151,069 107,022 274,097 In actual circulation 3,562,087 305,304 759,^7 263,142 339,718 820,383 153,408 136,5^3 69,829 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and 883,706 275,000 355,440 174,00012 0,685 861,000 159,6321 10,500 131,000 75,000 286,263 due from U. S. Treasury 3,773,843 3^1,617 226 30 3 904 Eligible paper 7,5H 5,744 280 18 47 64 71 51 73 124,500 20,000 52,000 3,000 2,000 15,000 2,500 30,000 U. S. Govt, securities 861,030 162,635 112,571 Total collateral 3,905,854 3^1,8^3 889,450 275,280 355,^58 194,047 172,7^9 146,904 77,551 316,336 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis