H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Sept* IS; of the Federal Reserve System not earlier. September 17, C0ITDITI01T OF FEDERAL RESERVE BAMS The daily average voltmie of Federal Reserve hank credit outstanding during the week ended September l6, as reported by the Federal Reserve banks, was ,000,000, an increase of $8,000,000 compared, with the preceding week and of $2,000,000 compared with the corresponding week in 1935* On September l6 total Reserve "bank credit amounted to $2,^95,000,000, an increase of $13,000,000 for the week. This increase corresponds with an increase Of $369,000,000 in. Treasury cash and deposits with Federal Reserve banks, offset in part "by decreases of $265,000,000 in member bank reserve "balances, $21,000,000 in money in circulation, and $45,000,000 in nomember deposits and other Federal Reserve accounts, and an increase of $26,000,000 in monetary gold stock. Member bank reserve balances on September 16 were estimated to be approximately $1,710,000,000 in excess of legal requirements. Relatively small changes were reported in the System's holdings of bills discounted, purchased bills, and industrial advances. An increase of $53,000,000 in holdings of United States bonds was offset by a decroase of $53,000,000 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 September 16, 1936, were as follows: Increase or decrease since Sept. 16 Sept. 9 Sept. IS 1936 19,36 1935 (In millions of dollars) Bills discounted 8 -2 Bills bought -2 3 U. S. Government securities Industrial advances (not including 24 million 2,430 commitments - September 16) -1 Other Reserve bank credit - 2 2 5 9 +13 +28 TOTAL RESERVE B1M CREDIT 2,495 +23 Monetary gold stock 10,762 +26 +1,522 Treasury currency 2,507 '-1 +ii7 Money in circulation +623 6,255 -21 Member bank reserve balances 6,206 -265 +1,070 Treasury cash and deposits with F. R. banks 2,789 +369 '-50 -45 Nonmember deposits and other F. R. accounts 514 +20 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Sept, 18,1936; not earlier. B-SOla ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Sept. 16,1936 Sept. 9, 1936 Sept. 18.1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 8,386,071 8,372,031 6,551,132 Redemption fund - F. R. notes . . .. 12,102 12,145 20,503 Other cash 263.529 2^8,066 218,0^ 6,789,683 Total reserves . . . .. S,661,702 8,632,2^2 Bills discounted: Secured "by U.S.Gov't obligations, direct or fully guaranteed . . . .. 3,952 3,681 ^,690 Other "bills discounted 5,059 4,352 l<-.948 Total bills discounted 8,011 8,033 9,638 Bills bought in open market 3.096 3»095 H,682 Industrial advances 28,521 28,628 30,230 U. S.Government securities: 37s,077 Bonds 32^,721 238,978 1,692,227 Treasury notes 1.^3,363 1,^96,719 Treasury bills 608,787 608,787 1*99.068 Total U. S. Government securities . 2,^30,227 2,^-30,227 2,^30,273 Total bills and securities 2,H69,855 2,1*69,983 2,^,823 Due from foreign banks 219 219 6H3 26,775 F. R. notes of other banks 26,320 20,369 Uncollected items 780,969 55^,757 6l9,46l Bank premises U8,058 ^2,055 50,071 All other assets 37,888 ^,139 43,Obi TOTAL ASSETS 12,025,011 11,777.170 9,992,111 L I A B I L I T I ES F. R. notes in actual circulation . . U,0^5,^58 ^,055,971 3,^26,791 Deposits: Member bank - reserve account . . .. 6,205,735 6,^71,333 5,136,13** U.S.Treasurer - General account . . . Iny^glj. 5^,683 22^,^96 Foreign bank 56,762 59,235 19,108 Other deposits 193,937 211.572 225.299 Total deposits 6,87^,358 6,796,323 5,605,037 Deferred availability items . . . .. 756,OlU 5^+3,220 623,209 Capital paid in 130,185 130,172 131,586 Surplus (Section 7) lij-5,501 1^,501 lty+,893 Surplus (Soction 13b) 27,088 27,088 23,164 Reserve for contingencies . . . . .. 34,21JO 3^,236 30,69^ All other liabilities 12.167 4U.159 12.737 TOTAL LIABILITIES 12,025,011 11,777,170 9,998,111 Ratio of total reserves to deposit and F. R.note liabilities combined . . . 79.3$ 79«5$ 75*2$ Commitments to make industrial advances 23,5^3 23,721 26,SH0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AED LIABILITIES OP THE FEDERAL RESERVE BAMS OH SEPTEMBER l6, 1936 (In thousands of dollars) B-COlb A S S E TS Total Boston lie*,7 York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Frai Gold certificates on hand and due from U. S. Treasury 8,386,071 547,413 3,164,955 443,338 639,441 281,078 235,512 1,660,289 232,569 17^,705 252,674 162,942 591,155 Redemption fund - F.R. notes 12,102 1,867 1,27? 722 740 354 2,784 307 789 173 883 335 1,869 Other cash 263,529.33 ,596 64,184 34,177 24,167 i4,oo4 8,776 31,131 10,058 7,360 12,959 7.116 16.001 Total reserves 8,661,702 5^2,876 3,230,418 478,237 664,348 295,436 247,072 1,691,727 243,4i6 182,238 266,516 170,393 609,025 Bills discounted: Secured by U.S.Gov't obligations direct or fully guaranteed 3,952 721 1,760 370 90 42 50 522 — 20 292 85 Other "bills discounted 4,059 22 3,372 28 38 128 68 35 23 7 64 236 38 Total bills discounted 8,011 743 5,132 398 128 170 118 35 545 7 84 528 123 Bills bought in open market 3,096 226 1,103 317 294 121 10S 387 87 61 87 87 218 Industrial advances 28,5a 3,170 7,067 5,048 1,432 3,668 583 1.750 525 1,180 902 1,539 1,657 U. S. Government securities: Bonds 378,077 25,158 102,766 32,853 36,684 19,915 15,301 44,977 20,213 13,472 1199,,112244 1^,557 33,057 Treasury notes 1,443,363 96,045 392,320 125,425 140,043 76,02s 58,416 171,707 77,166 51,^33 73,009 55,573 126,198 Treasury bills 608,787 40,510 165,475 52,902 59,06s 32,067 24,639 72,423 32,5^8 21,693 30,79^2 3,440 53,228 Total U.S.Gov't securities 2,430,227 161,71366 0,561 211,180 235,795 128,90210,3 56 289,107 129,927 86,59s 122,927 9 3,570 212,483 Total "bills and securities Due from foreign banlcs 219 17 S3 21 20 10 2 26 4 3 6 S 15 F.R.notes of other banks 26,320 377 7,749 792 1,721 2,448 1,671 2,993 2,195 1,236 1,633 539 2,966 187,761 70,319 22,637 38,853 Uncollected items 780,969 74,546 54,999 75,212 24,72? 114,826 34,235 33,888 43,970 Bank premises 48,058 3,113 10,856 5,079 6,525 2,919 2,284- 4,833 2,452 1,531 3,360 1,526 3,580 All other assets 37,888 421 27,857 3,244 1,677 1,125 1,405 557 221 326 360 235 ^0 TOTAL ASSETS 12,025,011 827,202 4,138,587 759,315 987,152 504,226 376,328 2,106,24l 413,607 295,817 434,728 302,311 379,497 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AiTD LIABILITIES OP THE FEDERAL RESERVE BABES 017 SEE-TUBER l6, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 4,045,458 357*217 835,848 296,946 39S.370 190,123 182,005 916,451 171,423 127,357 154,234 S8,34O 326,544 Deposits: 976,555 157,676 120,901 213,833 150,014 440,316 Member bank - reserve account 6,205,735 323,483 2,692,862 347,870 440,385 203,039 13S,746 52,685 25,854 11,525 16,297 14,390 25,204 tJ.S.Treasurer - General account 417,924 36,937 139,7^1 20,794 33,944 23,835 13»718 Foreign banks 56,762 4,209 20,641 5.290 5,233 2,503 1,991 6,598 1,707 1,365 1,650 1,650 3,925 Other deposits 193,937 6,295 i^,oi4 2,270 4,336 3,437 2,365 1,624 8,137 4,303 707 1,662 14,787 Total deposits 6,874,358 370,924 2,997,25s 376,224 483,898 232,814 156,820 1,037,462 196,374 132,094 232,542 167,716 484,232 Deferred availability items 756,014 74,532 181,068 52,940 73,365 66,468 24,122 108,573 35,412 21,167 38,254 35,101 45,012 Capital paid in 130,185 9,408 50,179 12,221 12,575 4,723 4,246 12,161 3.75S 2,952 3,955 3,S25 10,182 Surplus (Section 7) 145,501 9,902 50,825 13,406 14,371 5,186 5,616 21,350 4,655 3,149 3,613 3,7S3 9,645 Surplus (Section 13 b) 27,088 2,874 7,744 4,231 1,007 3,44s 754 1,391 546 1,003 1,142 .1,252 1,696 Reserve for contingencies 34,240 1,513 8,849 3,000 3,111 1,284 2,564 7,573 894 1,435 840 1,328 1,849 All other liabilities 12,167 232 6,Si6 347 455 ISO 201 1,280 545 660 i4s 966 337 TOTAL LIABILITIES 12,025,011 827,202 4,133,537 759,315 987,152 504,226 376,328 2,106,241 413,607 295,S17 434,72s 302,311 879,497 Commitments to make industrial 50s 4,492 advances 23,543 2,640 9,490 349 1,358 2,36s 307 49 1,517 82 323 MATURITY DISTRIBUTION OF BILLS AMD 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 8,011 6,324 91 1,094 338 Bills bought 3,096 1,623 473 726 274 Industrial advances 23,521 1,592 39S 612 737 1,932 23,200 U. S. Government securities 2,430,227 41,439 39,009 65,316 200,919 251,497 1,831,547 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON SEPTEMBER 16, 1936 (In thousands of dollars) B-SOld Total Boston New York Phila Cleve. Rich. Atlanta Chicago St.Louis Minn* Kans*Cy. Dallas SaJi Fran. # Federal H6S6rv6 notes* issued to P.E. "bank iy F.R.agent *+,3^,616 378.131 927,2*t9 311,1*63 ^25,929 202,363 202,11+5 9*+9,Sl6 180,765 133,152 166,300 97,21+8 375,055 Held "by Federal Reserve tank 30^,158 20,31^ 91,^1 1^,517 27,559 12,21+0 20,1*10 33,365 9,342 5.795 12,066 8,908 48,511 In actual circulation 4,0^58 357,817 835,Ste 296,9*+6 398,370 190,123 182,005 916^51 171,^23 127,357 15^.23^ 88,3^0 326,5^ Collateral held "by agent as security for notes issued to "bank: Gold certificates on hand and due from TJ. S. Treasury H,325,838 396,000 935,706 31^.000 1+27,000 203,000 l6l,000 966,000 151,632 129,000 165,000 98,£00 379,000 Eligible paper 6,1+11 721 3,798 370 101 157 93 — 536 — 72 ^62 101 U. S. Gov't securities 83,000 ~ — — — >+5,000 — 30,000 5,000 3,000 — — 396,721 1+27,101 203,157 206,093 966,000 13^,000 .168,072 Total collateral 1+^15,2^ 939,5<& 31^,370 182,168 93,962 379,101 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis