H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released, for publication Board of Governors Friday morning, Sept* 25; of the Federal Reserve System not earlier• September 2k I93S 9 CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended September 23» &s reported by the Federal Reserve barikf, was $2,^79,000,000, a decrease of $8,000,000 compared with the preceding week and an increase of $2,000,000 compared with the corresponding week in 1935* On September 23 total Reserve bank credit amoim^ted to $2,^73,000,000, a decrease of $22,000,000 for the week* This decreaso corresponds with decreases of $16,000,000 in money in circulation and $2,000,000 in Treasury cash and deposits with Federal Reserve banks, and increases of $2^,000,000 in monetary gold stock and $2,000,000 in Treasury currency, offset in part by increases of $19,000,000 in member bank reserve balances and $U,000,000 in nonmember deposits and other Federal Reserve accounts. Member bank reserve balances on September 23 were estimated to be approximately $1,7^-0,000,000 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 securi* ties. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 23, 1936, were as' follows: Increase or decrease since Sept. 23 Sept. l6 Sept. 25 1936 1936 W5 (In millions of dollars) Bills discounted 7 -l Bills bought 3 -2 U S« Government securities 2,^30 # Industrial advances (not including 23 million commitments-September 23) 29 -1 — Other Reserve bank credit H -21 +5 TOTAL RESERVE BASK CREDIT 2,473 -22 -1 Monetary gold stock 107SS +2^ +1.US9 f Treasury currency 2509 +2 +127 t Money in circulation 5,239 -l6 +613 Member bank reserve balances 6,225 +19 +989 Treasury cash and deposits with P R. banks 2,727 -2 f Honmember deposits and other R. accounts 518 +6 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Sept. 25,1936, not earlier. B-SOla ASSETS Aim LIABILITIES OF THE TUfELVE FEDERAL RESERVE BAMS OOHBIHED (In thousands of dollars) Sept. g-3,1956 Sept. 16,1936 Sept. 25,1935 A S S E TS G-old certificates on hand and due from U. S. Treasury 2,384,679 2,386,071 6,551,132 Redemption fund - F. R. notes . . .. 12,850 12,102 20,031 Other cash 267,059 263,529 223,525 Total reserves 8,.664,588 8,661,702 6,794,748 Bills discounted: Secured "by U.S.Gov't obligations, dircct or fully guaranteed . .. 3,226 3,952 4,860 Other "bills discounted 3,805 4,059 4,687 Total "bills discounted 7,031 3,011 9,5^7 Bills "bought in open market 3,098 3,096 4,688 Industrial advances 22,550 22,521 30,132 U. S. Government securities: Bonds 372,077 37S.077 233,9^6 Treasury notes 1,443,363 1,443,363 1,687,969 Treasury "bills v 608.787 608,727 503,281 Total U.S. government securities . 2,430,227 2,430,227 2,4-30,196 Total bills and securities . . .. 2,468,906 2,469,255 2,474,563 Due from foreign "banks 217 219 638 F. R. notes of other banks 27,293 26,320 22,119 Uncollected items 572,531 730,969 507,143 Bank premises 48,059 48,058 50,074 All other assets 38,420 37,888 4-2,473 TOTAL ASSETS 11,826,014 12,025,011 9,891,758 L I A B I L I T I ES F. R. notes in actual circulation . . 4,033,849 4,045,452 3,430,168 Deposits: Member bank - reserve account . . . 6,224,640 6,205,735 5,235,730 U.S.Treasurer - General account . . 328,351 417,924 112,231 Foreign bank 64,862 56,762 21,451 Other deposits 190,268 193,937 240,109 Total deposits 6,268,121 6,874,352 5,609,521 Deferred availability items 574,758 756,0l4 508,593 Capital paid in 130,163 130,185 130,931 Surplus (Section 7) 145,501 14-5,501 1^-4,893 Surplus (Section 13b) 27,082 27,088 23,l64 Reserve for contingencies 3l|24l 34,240 30,694 f All other liabilities 12,293 12,167 13,794 TOTAL LIABILITIES 11,826,014 12,025,011 9,891,752 Ratio of total reserves to deposit aaid F. R. note liabilities combined . . 79.5$ 79.3$ 75.2$ Commitments to make industrial advances 23,397 23,543 26,892 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1TD LIABILITIES OF THE FEDERAL RESERVE BAITKS Oil SEPTEMBER 23, 1936 (In thousands of dollars) 3-S01"b 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 3,33l+,679 5^9,521 3,1^9,811 ^52,580 61+4,117 290,720 232,027 1,61+2,77^ 21+3,9^2 170,776 252,616 165,556 590,179 Redemption fund - F. R. notes 12,350 1,S142 1,152 675 691 578 2,751 753 777 567 873 329 1,857 Other cash 267,059 33,005 65,212 3*1.337 23,1+69 1^.677 9,313 31.96H 9,1+65 7,095 111,336 7,1+11 16,775 Total reserves S,66^,523 53l+,36S 3,216,175 1+87,592 663,277 306,035 24U,091 1,675,1+96 25^,13^ 173,1+38 267,825 173,296 603,311 Bills discounted: Secyxed by U.S.Gov't obligations direct or fully guaranteed 3,226 771 1,1+61 370 190 132 30 72 20 65 115 Other bills discounted 3,805 29 3,205 37 37 66 53 1+6 16 10 65 198 43 Total bills discounted 7,031 300 i+,666 1+07 227 19s S3 1+6 88 10 85 263 158 Bills bought in open market 3,093 226 1.105 317 29^ 121 103 387 87 61 87 87 218 Industrial advances 28,550 3,170 7,068 5,061+ 1,^29 3,661 562 1,7^7 522 1,171 833 1,537 1,731 S". S. Government securities: Bonds 378,077 25,158 102,766 32,853 36,631+ 19,915 15,301 ^,977 20,213 13,472 19,121+ 1^,557 33,057 Treasury notes 1,^3,363 96,01+5 392,320 125, H25 11+0,01+3 7 6,028 53,1+16 171,707 77,166 51,433 73,009 55,573 126,19s Treasury bills 608,737 1+0,510 165,1+75 52,902 59,06s 32,067 2M39 72,1+23 32,5^ 21,693 30,79^ 23,1+1+0 53,223 Total U.S.Qov't securities 2,1+30,227 161,713 660,561 211,130 235,795 123,010 92,356 289,107 129,927 86,593 122,927 93,570 212,1+33 Total bills and securities 2,1+63,906 165,909 673,1+00 216,968 237,71+5 131,990 99,109 291,227 130,62*+ 87,31+0 123,927 95,^57 2ll+,590 Due from foreign banks 217 17 81 21 20 10 8 26 1+ 3 6 6 15 F.R. notes of other banks 27,293 375 9.^92 69I+ 1,1+30 2,633 1,688 3.066 1,573 1.16U 1,776 658 2,7^ Uncollected items 578,531 56,782 139,^72 1+6,151 55,097 52,1^5 23,202 7^,6^3 26,320 17,073 31,367 23,101 33,178 Bank premises 1+8,059 3,113 10,256 5,079 6,525 2,919 2,281+ 1+.833 2,1+53 1,531 3.360 1,526 3,530 All other fssets. 38,1+20 1+13 28,565 3,177 1,61+1+ 1,098 i^qq 556 213 332 35*+ 232 U30 TOTAL ASSETS 11,226,011+ 810,977 H,073,01+1 759,682 970,738 ^96,330 371,782 2,01+9,907 1+15,371 286,381 1+28,675 29^,282 863,31+3 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS Jam LIABILITIES OP THE FEDERAL RESERVE 3AUKS Oil SEPTEMBER 23, 1936 (in thousands of dollars) 3-301c L I AS I L I T I Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Frail. F.R.hotes in actual'*Clrculation 4,033,849 356,159 828,73s 295,027 399,836 190,4n 182,473 915,315 172,603 127,798 153,370 SS,;33 323,956 Deposits: Member bank - reserve account 5,224,640 322,772 2,702,784 358,758 437,397 205,690 141,279 948,620 169,603 120,966 218,841 152,581 444,849 U.S.Treasurer - General account 388,351 4L,S28 121,381 21,714 3377,,771166 29,083 7,185 57,117 24,996 5Mi 13,259 13,^01 15,220 2,23s Foreign "bank 64,862 4,731 24,265 5,946 5,882 2,813 7,4I6 1,91s 1,534 1,854 1,354 4,4II Other deposits 190,26s 4,750 140,399 1,880 4,185 3,054 2,932 1,772 7,704 4,049 338 1,514 17,691 I no ^ Total deposits O j 6 OO | 132714 ,osi 2,988,829 388,29 4S5,6SO 240,640 153,634 1,014,925 204,221 132,000 169,350 482,171 Deferred availability items 574,758 56,824 135,641 43,15^ 53,770 50,990 22,290 75,851 28,347 17,331 2j)4, Z jc 25,780 33,491 Capital paid in 130,163 9,397 50,177 12,213 12,570 4,723 4,245 12,16s 3,757 2,949 31,289 3,824 io,is4 Surplus (Section 7) 145,501 9,902 50,825 13,4o6 14,371 5,186 5,6lb 21,350 4,655 3,149 3,956 3,783 9,645 Surplus (Section 13 b) 27,088 2,874 7,744 4,231 1,007 3,44S . • 75^ 1,391 546 1,003 3, W.3 1,252 1,696 Reserve for contingencies 34,241 1,513 8,849 3,000 3,111 1,285 2,564 7,57, 894 1,435 1,142 1,328 1,849 All other liabilities 12,293 227 7,208 353 393 147 206 1,33' 348 716 G4O 832 356 173 TOTAL LIABILITIES n,sa6,oi4 810,977 4,078,041 759,682 970,733 496,830 371,782 2,049,907 415,371 286,381 428,675 294,282 863,342 Commitments to make industrial advances 23,397 2,637 9,46i 330 1,352 2,360 307 49 1,516 77 383 506 4,419 MATURITY DISTRIBUTION OF BILLS AHD 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 7,031 5,264 15s 76 1,100 432 1 Sills bought 3,098 1,645 67 784 602 Industrial advances 28,550 1,590 397 567 762 1,897 23,337 U.S. Government securities 2,430,227 42,093 34,793 71,006 189,340 254,422 1,838,573 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F3D3BAL RESERVE NOTE STA2SIS17T Oil SSPTStlBER 23, 1936 (in thousands of dollars) B-SOld Total Boston How Yorir Phila. Clevo. Rich. Atlanta Chicago St.Louis II inn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to E.R. ban]- by FJt.a^ent '4,3^600 377,^37 926,317 311,171 '423,200 202,883 203,3^ 9^7,1^6 183,35^ 132,77^ 166,927 97.255 37^,682 Held by Federal Reserve Ixrnl: 312,751 21,378 97,5^9 l6,l*& 23,3^ 12,^72 20,871 31.8^1 10»751 M76 13.557 9.122 50,726 in actual circulation 4,033,8^9 356,159 S2S,768 235,027 399,836 190,411 182,473 915.315 172,603 127,738 153,370 88,133 323,956 Collateral held by agent as security for notes issued to ban.1:: Gold certificates on hand and duo from U. S. Treasury 327,838 396,000 935.706 3lU,000 427,000 203,000 166,000 966,000 153,632 12^,000 165,000 98,500 ^79,000 Eligible paper 5 .^ 771 3.337 370 190 ISO 69 76 — 70 251 130 U. S, Gov't securities 88,000 1+5,000 30,000 10,000 3,000 Total collateral b,421,282 396,771 939,0^3 31^,370 '427,190 203,180 211,069 956,000 183,708 13^,000 168,070 98,751 379,130 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis