H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT K)R THE PRESS Released, for publication Board of Governors Friday morning, Sept« U; of the Federal Reserve System not earlier, September 3> 193^* CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended September 2, as reported by the Federal Reserve banks, was $2^U721000,000; unchanged from the preceding week and $6,000,000 below the corresponding week in 1935* On September 2 total Reserve bank credit amounted to $2,^63,000,000, a decrease of $2,000,000 for'"the week. This decrease corresponds with decreases of $71,000,000 in Treasury cash and deposits with Federal Reserve banks and $57,000,000 in nonmcirber deposits and other Federal Reserve accounts a&d an increase of $22,000,000 in monetary gold stock, offset in part by increases of $109,000,000 in member bank reserve balances and $U-1,000,000 in money in circulation. Member bank reserve balances on September 2 were estimated to be approximately $1,960,000,000 in excess of legal requirements # Relatively small changes were reported in the System* s holdings of bills discounted, purchased bills, industrial advances, and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 2, 1936, were as follows: Increase or decrease since Sept. 2 Aug. 26 Sept. k 1936 1935 (In millions of .dollars) Bills discounted 9 +2 -2 Bills "bought 3 -2 U. S. Government securities 22..UU3300 —— Industrial advances (not including 2U million commitments - September 2) 29 Other Reserve "bank credit J+ -ii. TOTAE RESERVE BAffi CH3DIT. 2,^63 -2 -9 Monetary gold stock 10,717 +22 +l,50S Treasury currency 2,502 +1 +107 Monoy in circulation 6,225 +1+1 +575 Member bank reserve "balances +109 +1.213 Treasury cash and deposits with F.R. banks 2,482 -71 Nonmembor deposits and other F,R. accounts 535 -57 +S3 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, Sept. 1+,1936; not earlier. B-SOla ASSETS AND LIABILITIES OP TEE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Sept. 2, 1936 Aug. 26,1936 Sept. k, 1935 A S S E TS Gold certificates on hand and due from U. S. Treasury . . . . . . . .. z,33b,03k 8,27^,032 6,1+81,631+ Redemption fund - F. R. notes 12,625 1M70 20,01+7 268,835 282,936 206,1+01 Total reserves 8,615,5^4 8,571,038 6,708,082 Bills discounted: Secured by U.S.Gov't obligations, direct or fully guaranteed . . .. U,5 6l 3,638 6,osn v Other bills discounted . i+.oi+i 3,600 K 620 Total bills discounted 8,602 7,238 10,70s Bills bought in open market 3,095 3,095 I+,6S5 Industrial advances 28,522 28,554- 29,1+30 U. S. Government securities: Bonds 32^,721 3322^^,,772211 290,230 Treasury notes 1,^96,719 1,1+96,719 1,622,752 Treasury bills 608,787, 608,737 517,231 Total U.S. Government securities . . 2,1+30,227 2,1+30,227 2,1+30,213 Other securities 181 181 — Total bills and securities 2,1*70,627 2,1+69,295 2,1+75,036 Due from foreign banks 220 219 61+0 F.R. notes of other banks 25,314-b 25,093 17,077 Uncollected items 51+4,120 528,322 1+93,980 Bank premises 1+8,056 1+8,055 ^9,999 All other assets 1+1+.5S1 1+3,586 1+7,276 TOTAL ASSETS 11,71+3,1+91+ 11,685,608 9,792,090 L I A B I L I T I ES F. R. notes in actual circulation . . . K020,920 3,993,661+ 3,^13,933 Deposits: Member bank - reserve account . . .. 6,H4O,622 6,331,502 5,228,11+7 U.S.Treasurer - General account . . . 107,236 ll+3,!+2l+ 103,062 Foreign bank 50,267 98,171+ 19,859 Other deposits 229,285 238,258 173,287 Total deposits 6,827,1+10 6,811,35s 5,521+, 355 Deferred availability items 552,39S 532,971 1+98,126 Capital paid in 130,163 130,170 ii+i+,663 Surplus (Section 7) 1^5,501 11+5,501 ii+i+,S93 Surplus (Section 13b) 27,088 27,088 22,8'2l+ Reserve for contingencies 3^,236 3^,235 30,777 All other liabilities 10,772 10,621 12,519 TOTAL LIABILITIES 11,71+8,1+91+ 11,685,608 9,792,090 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 7799..^^ 79.3$ 75.0$ Commitments to make industrial advances 23,699 •23,355 26,619 *Revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1TD LIABILITIES OF THE FEDERAL RESERVE BAMS ON S3PTEII8ER 2, 1936 (in thousands of dollars) B-201b A S S E TS Total Boston Now York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Frnr Gold certificates on hand and due from U. S. Treasury S,334,034 H96,022 3,273,ISO 417,295 614,902 277,077 221,225 1,632,263 222,232 177,531 252,299 :1 -54,390 522,412 Redemption fund - F. R. notes 12,b25 1,227 1,362 759 721 557 2,213 36O 799 172 901 343 1,279 Othor cash 268,225 35,156 64,269 35,262 25,757 14,644 9,026 32,622 11,319 7,092 13,025 6,237 13,150 Total reserves 8,615,5414 533.O65 3,333Ml ^53,316 64i,44o 292,272 233,124 1,671,245 234,350 124,207 272,225 161,570 537 Ml Bills discounted: Secured "by U.S.Gov't obligat: Ions direct or fully guaranteed 4,561 336 2,922 345 120 142 30 114444 — 20 336666 70 Other bills discounted k,o4i 50 3,399 — 11 93 91 — 20 — 36 330 11 Total "bills discounted 2,602 326 6,327 3^5 191 235 121 — 164 — 56 696 21 Bills bought in open market 3,095 226 1,102 31S 294 121 102 326 61 27 S7 212 H Industrial advances 22,522 3,0°2 7,076 5,032 1,454 3,627 594 1,727 526 1,151 910 1,549 1,652 Ti. S. Government securities: Bonds 324,721 21,607 22,263 22,217 31,507 17,104 13,142 32,630 17,361 11,571 16,425 12,502 22,392 Treasury notes 1,496,719 99*536 406,223 130,061 145,220 72,233 60,575 173,054 20,012 53,33^ 75,702 57,622 130,263 Treasury bills oOG,7S7 40,510 165,475 ^2,902 59,062 32,067 ^,639 72,423 32,542 21,053 30,734 23,440 53,222 Total TJ.S. Gov't securities 2,430,227 161,713 660,561 211,120 235,795 122,010 92,356 223,107 129,927 2b,59- 122,927 93,570 212,423 Other securities 121 — — — — — — 121 — — Total bills and securities 2,470,627 165,417 675,066 216,221 237,73^ 132,053 59,179 291,230 130,704 27,210 124,l6l 95,902 214,440 Duo from foreign banks 220 17 24 21 20 10 0c* 26 4 3 6 6 15 F.R„notes of other banks 25,3^6 349 2,621 645 1,212 1,575 1,223 2,225 1,649 1,573 1,662 720 3,166 Uncollected items 544,120 56,042 129,256 40,949 54,592 47,632 12,625 72,562 23,613 15,636 32,390 21,963 30,794 Bank premises 42,056 3,113 10,255 5,079 6,525 2,919 2,224 4,231 2,453 1,531 3,360 1,526 3,520 All other assets 44,521 k27 34,425 3,243 1,700 1,124 1,444 5<so ?4i 331 362 247 421 TOTAL ASSETS 11,742,494 752.430 M97»724 720,134 9^3,S23 477,591 356,007 2,043,325 393,0l4 291,691 434,232 221,33^ 249,923 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF TEE FEDERAL RESERVE BANKS ON SEPTEMBER 2, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fan, r F.R.notes in actual circulation 4,020,920 358,062 .827,802 295,320 390,7^5 188,496 178,1+86 918,320 170,244 127,225 155,391 26,199 324,630 Deposits: Member bank - reserve account 6,440,622 307,2^9 2,393,725 339,216 4^6,961 217,27s 133,693 934,376 161,171 129,364 229,088 150,838 442,663 U.S.Treasurer - General account 107,236 4,S79 24,356 5,624 9,930 3,333 3,680 11,791 16,639 4,173 6,289 6,770 9,672 Foreign banks 50,267 ,729 18,267 4,687 4,637 2,218 1,764 5,346 1,512 1,210 1,458 1,462 3,477 Other deposits 229,285 2:, 615 181,836 2,132 4,730 3,86b 2,069 1,619 8,243 3,970 272 2,206 13,677 Total deposits 6,827,410 320,472 3,113,134 351,659 466,308 226,745 146,206 1,003,632 187,615 133,717 237,107 161,276 469,439 Deferred availability items 552,393 55,990 127,992 40,009 55,431 47,567 17,955 77,633 25,003 16,547 32,657 23,431 32,123 Capital paid in 130,163 9,409 50,179 12,221 12,575 4,723 4,247 12,144 3.761 2,950 3,952 3,324 10,17s Surplus (Section 7) 145,501 9,902 50,825 13,4O6 14,371 5,136 5,6l6 21,350 4,655 3,149 3,613 3,733 9,645 Surplus (Section 13 "b) 27,083 2,874 7,744 4,231 1,007 3,443 754 1,391 546 1,003 1,142 1,252 1,696 Reserve for contingencies 34,236 1,513 33,,884499 3,000 3,111 1,232 2,555 7,573 894 1,442 s4o 1,328 All other liabilities 10,773 203 66,,114499 238 275 i44 188 1,287 291 658 136 S4i 313 TOTAL LIABILITIES 11,743,494 753,430 4,197,724 720,134 943,823 477,591 356,007 2,043,335 393,0l4 291,691 434,838 281,934 849,923 Commitments to make industrial advances 23,699 2,689 9,401 250 1,359 2,332 331 49 1,743 37 390 509 4,509 MATURITY DISTRIBUTION OF BILLS HID SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 61 to 90 days Over 6 months 6 months Bills discounted 3,602 7,108 379 234 642 233 1 Bills bought 3,095 122 l,6l6 477 880 Industrial advances 23,522 1,539 10O 1,908 23,247 cl Sl U. S. Government securities 2,430,227 31,016 4-0 iM , t 70,304 76,333 373,095 1,775,486 Other securities 181 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATELiEM1 OH SEPTEMBER 2, 1936 (In thousands of dollars) B-SOld Total Boston New York Phila. Cleve. Rich. Atlanta Chicago Stdouis Minn* Xans.Cy. Dallas San Fran. Federal Reserve notes: issued to Eji.hanii by E.R.agent ^,299^73 377*993 913,059 310,730 Ui5,ssU 197*925 193,753 9^6,306 17S,3S3 130,90^ 163,939 9M93 365,6^ Held by Federal Reserve bank 273,553 19>931 90>257 1 52 5 , 1 39 9*^29 20,272 27,936 3,139 3,679 8,5^8 8,699 kl,Qlk In actual circulation H,020,920 358,062 827,802 295,320 390,7^5 133,^6 178,1+So 913,320 170,2^+ 127,225 155,391 Sb,199 32^,630 Collateral hold by agent as security for notes issued to bank: Gold certificates on hand and due from u. s. Treasury 4,306,33s 396,000 935»7o6 313,000 Ui9,ooo 199,000 i6iooo 966,000 155,632 132,000 165,000 95,000 369,000 t Eligible paper 6,922 386 3^5 191 235 SH ~~ l6U — 53 GbS " 80 U S. Gov11 securities 73 000 — — — — — '45,000 — 25,000 — 3,000 — — # ? Total collateral ^,336,260 396,336 9Uo,Wi 313,3^5 ^19• 191 199,235 206,osU 966,000 180,796 132,000 168,053 95,6U6 369,080 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis