H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT EOR THE PRESS Released for publication Board of Governors Friday morning, Oct. 2; of the Federal Reserve System not earlier. October 1, 1936 C0HDITI01T OF FEDERAL RESERVE BASKS The daily average volume of Federal Reserve bank credit outstanding during a the week ended September 30* s reported 'by the Federal Reserve banks, was $2,^75,000,000, a decrease of 000,000 compared with the preceding we el? and of $5,000,000 compared with the corresponding week in 1935* 1 On September 30 total Reserve bank credit amounted to $2,473,000,000, unchanged from the preceding week. Increases of $132,000,000 in member bank reserve balances and $27,000,000 in money in circulation were offset by decreases of $76,000,000 in Treasury cash and deposits with Federal Reserve banks and $22,000,000 in nonmember deposits and other Federal Reserve accounts, and increases of $59*000,000 in monetary gold stock and $2,000,000 in Treasury currency. Member bank reserve balances on September 30 were estimated to be approximately $1,3^0,000,000 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 securities* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended September 30, I93S, were as follows; Increase or decrease since Sept. 30 SeDt. 23 Oct. 2 - , 1936 , 1935 (In millions of dollars) Bills discounted 5 +2 Bills bought 3 U. S. Government securities 2,^30 Industrial advances (not including 23 million commitments - September 30) 2S -1 -2 Other Reserve bank credit 2 -2 +S TOTAL RESERVE BAJJK CREDIT 2,^73 „ +3 Monetary gold stock lo|gU5 +59 +1,^31 Treasury currency 2,511 +2 +112 Money in circulation 6,266 +27 +57S Member bank reserve balances 6,357 +132 +1»133 Treasury cash and deposits with p. R.banks 711 -76 ll03 Uonmernbor deposits and other F R. accounts ky6 -22 ~6l P (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 2,1936; not earlier* B-SOla ASSETS A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Sept. 30,1936 Sept. 23,193.6 Oct. 2, 1935 A S S E TS Gold certificates on hand and due from U. S. Treasury . . . . . .. S,3SU,bS3 2, 324, 679 6,634,653 Redemption fund - I. R. notes . • 12,423 19,660 Other cash 261,445 12,S50 206.946 Total reserves . . . . 6,261,259 2,664,522 Bills discounted: Secured by U.S.Gov*t obligations, direct or fully guaranteed . 21393 3,226 5,311 Other bills discounted . ii55S 5,178 # # Total bills discounted , . . 7,031 10,429 9,^51 Bills bought in open market 3,093 3,09s 4, 629 Industrial advances . . . . . 23,lU5 23,550 30,070 U. S. Government securities: Bonds . 373,077 372,077 232,962 Treasury notes 1,443,363 1,443,363 1,679,569 Treasury bills -39**1*1 608,787 511,621 Total U.S. Government securities 2,430,227 2,1+30,227 2,430,212 Total bills and securities . . 2,470,921 2,462,906 2,U75,U60 Due from foreign "banks 217 217 63S F. R. notes of other banks . . .. 22,640 27,293 22,564 Uncollected items . • . . . . .. 622,573 572,531 5^2,725 Baric premises . . . 43,060 Us,059 50,074 All other assets _JSjl212 32,420 '42,1+92 TOTAL ASSETS 11,262,20U ll,22o,Ol4 9,995,212 L I A B I L I T I ES R. notes in actual circulation i+,oi+9,ii+3 4,033,21+9 3,421,907 # Deposits: Member bank - reserve account * , 6,356,952 6,224,61+0 5,223,616 # U .S.Treasurer - General account . 252,737 322,351 90,24i # Foreign bank . , 51,950 64,2o2 14,627 # Other deposits . . . .. 190,26s 291,675 Total deposits 6,21+3,512 6,262,121 5,620,219 Deferred availability items . . . . 620,360 574,752 549,267 Capitaljpaid in . . . . . . . 130,162 130,163 130,522 # # # # Surplus (Section 7 ) . . . . . . .. 11+5,501 145,501 144,293 Surplus (Section 13b) . . . . .. 27,02s 27,022 23,^57 Reserve for contingencies . . . .. 34,21+1 34,241 30,694 All other liabilities 12,197 12,293 13,^3 TOTAL LIABILITIES 11,262,204 11,226,014 9,995,212 Hatio of total reserves to deposit and F. 3. note liabilities combined . 13.5fo 7 5* Commitments to make industrial advances 23,307 23,397 26,74s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES 0? TEE FEDERAL RESERVE 3A1TKS 0!T SEPTEMBER 30, 1936 (in thousands of dollars) B-S01b A S S E TS Total Boston ITew York Phi la. Clove. Rich. Atlanta Chicago St.Louis Minn. KaJis.Cy. Dallas San Fran. Gold certificates on hand and due from U.S. Treasury 8,384,683 522,782 3,119,993 47S,983 626,789 301,620 232,4S4 1,703,325 242,950 164,454 242,525 163,114 585,659 Redemption fund - E. R. notes 12,428 1,834 1,084 64l 615 570 2,728 670 757 560 835 313 1,821 Other cash 261,445 33,078 61,831 34,356 22,24l 14,653 8,435 33,017 9,^37 6,725 14,187 7,713 15,772 Total reserves 8,658,556 557,694 3,182,913 513,980 649,645 316,843 243,647 1,737,012 253,144 171,739 257,547 171,l4o 603,252 Bills discounted: Secured by U.S.Gov't obligations direct or fully guaranteed 2,893 660 1,695 250 30 27 — 1 — 10 20 150 Other hills discounted 6,55s 29 5,901 42 37 97 4i """"4466 12 10 91 210 42 Total hills discounted 9,451 689 7,596 292 117 124 4i 46 13 10 101 230 192 Bills bought in open market 3,09s 226 1,105 317 294 121 108 387 87 61 87 87 21s Industrial advances 28,145 3,607 6,360 5,091 1,423 3,654 558 1,638 522 1,16s 0S7 1,506 1,731 U. S. Government securities: Bonds 378,077 25,15s 102,766 32,853 36,684 19,915 15,301 4444,,997777 20,213 1133,,447722 1199,,112244 1144,,555577 33,057 Treasury notes 1,443,363 96,045 392,320 125,425 I4O,G43 76,023 58,4i6 171,707 77,166 51,433 73,009 55,573 126,19s Treasury hills 608,737 40,510 165,475 52,902 59,06s 32,067 24,639 72,423 32,543 21,693 30,794 23,440 53,223 Total U.S.Gov't securities 2,430,227 161,713 660,561 211,180 235,795 128,010 93,356 289,107 129,927 86,598 122,927 93,570 212,433 Total hills and securities 2,470,921 166,235 675,622 216,330 237,629 131,909 99,063 291,178 130,549 87,837 124,002 55,393 214,624 Due from foreign banks 217 17 81 21 20 10 3 26 4 3 6 6 15 F.R.notes of other banks 22,640 365 7,4IS 838 1,519 2,196 1,473 2,23s 1,691 SOI I,34I 440 2,320 Uncollected items 622,57s 65,554 170,306 43,563 61,511 52,330 22,029 77,707 23,725 16,913 31.2SS 19,795 32,357 Bank premises 4s,060 3,H3 10,856 5,079 6,525 2,919 2,284 4,333 2,453 1,531 3,361 1,526 3,580 All other assets 39,232 412 29,214 3,198 1,704 1,122 1,427 525 214 318 34s 271 479 TOTAL ASSETS 11,362,204 793,390 4,076,410 7 °S,559 953,553 507,229 369,931 2,113,519 4ii,730 279,142 417,893 233,571 856,627 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AKD LIABILITIES OP THE FEDERAL RESERVE BANKS OH SEPTSL3EH 30, 1936 (in thousands of dollars) 3-801c L I A B I L I T I ES Total boston New York Phi la Cleve* Rich. Atlanta Chicago St.Louis Minn, Zans.Cy. Dallas San Fran, # E.R.notes in actual circulation k0^9,1^3 357*216 295,307 395,125 192/4S7 183,920 911.617 17^t5^1 127,559 153,999 SS,C83 32^,72^ 9 Deposits: Lie nib er bank - reserve account 6,356,952 307,339 2,752,376 380,728 ^37,278 207,500 lUl,322 1,026,gH6 l68,U51 115,253 212,932 152,36U HHg,5b3 S U.S•treasurer ~ General account 252,737 30,2^42 37,679 18,0o2 27,12U 3^,916 5,897 1*3, SUO 23,101 M 52 *300 12,U§2 6,955 Foreign bank 51,950 3,7^2 19*839 V/03 4,653 2,225 1,770 5,366 1,517 1,214 1,466 1,466 3,439 Other deposits 1S1.S73 5,009 131,990 2,790 4,733 3,64s 2,615 1,72^ 7,939 M 79 253 1,243 15,goo Total deposits >,343,512 3^,332 2,941,S34 412,2S3 473,33s 243,229 151,604 1,073,276 201,003 124,705222,951 167,535 ^8 07 Deferred availability items 620,360 55,333 165,71s 47,210 53,161 52,; 21,013 79.95^ ,019 17,626 31,224 21,906 33,322 9,39s Capital paid in 130,162 50,17s 12,213 12,5^3 4,723 4,244 12,163 3,757 2,950 3,962 3,321 10,135 Surplus (Section 7) 145,501 9,902 50,325 13,406 14,371 5,136 5,616 21,350 4,655 3,149 3. &L3 3,7S3 9,645 Surplus (Section 13 b) 27,033 2,374 l,7bb 4,231 1,007 3,443 1,391 546 1,003 1,142 1,252 i,5o6 Reserve for contingencies 34,241 1,513 3,349 3,000 3,111 1,235 2,564 7,573 894 1,^35 340 1,323 1,249 All other liabilities 12,197 272 7,167 409 377 147 216 1,190 3^0 715 16? S63 339 TOTAL LIABILITIES 11,862,204 793,390 4,076,410 723,559 952,553 507,229 369,931 2,113,519 411,730 279,1^2 4i7,S93 283,571 256,627 Commitments to make industrial ad, aces 23,307 2,625 9,^02 295 1,395 2,350 306 49 1,506 76 383 505 M 09 LTUKITY DISTRIBUTION 0? BILLS ASD 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 9,451 7,623 Ilk 501 365 242 1 Bills bo-ught 3,093 431 716 198 1,703 Industrial advances 23,145 1,615 312 551 SI 2 1,976 22,379 U.S.Government securities 2,430,227 39.009 31,795 76,383 134,623 253,036 1,245,326 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE IT0TE SIATSL31TT Oil SEPTEMBER 30, 1936 (In thousands of dollars) B-301d !Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Federal Reserve notes: issued to f.r. bank by F.R.agent 4,346,943 377,565 933,324 311,256 42i,752 202,996 203,955 944,305 124,119 132,361 165,739 97,^27 372,09U Held by Federal Reserve baric 297,500 20,349 39,279 15,4^ 26,627 10,50$ 20.035 32,6SS 9,55S 4,802 11,790 9,344 47,370 In actual circulation 4,OUS,I43 357,216 344,045 295,207 395,125 192,437 133,920 911,617 174,561 127,559 153,999 33,033 324,724 Collateral aeld by agent as se~ curity for notes issued to bank: Gold certificates on liand and due from U S. Treasury 4,337,^33 396,000 945,706 314,000 424,000 204,000 166,000 966,00c 156,632 124,000 165,000 97,500 379,ooo # Eligible paper 5,306 660 3,707 255 so• 107 27 2 --< ~ 36 21s 164 U, Sr. Gov't securities 33,000 45,000 30,000 10,000 3,000 Total collateral 4,451,144 396,060 949,413 314,255 424,030 204,107 211,027 966,000 136;634 134,000 163,036 Q ./1 7 » 1 a 379,164 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis