H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS Heleased for publication Board of Governors Friday morning, Oct. 9; of the Federal Reserve System not earlier* October S, 1936 COIID IT I Oil OF FEDERAL RESERVE BAH3S The daily average volume of Federal Reserve bank credit outstanding during the weel£ ended October 7i as reported by the Federal Reserve banks, was $2,USO,000,000, an increase of $5,000,000 compared with the preceding week and unchanged from the corresponding week in 1935» On October 7 total Reserve bank credit amounted to $2,^72,000,000, a decrease of $1,000,000 for the week. Increases of $39,000,000 in money in circulation, $122,000,000 in member bank reserve balances, and $33,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $2,000,000 in Treasury currency, were offset by an increase of $126,000,000 in monetary gold stock and a decrease of $75,000,000 in Treasury cash and deposits with Federal Reserve banks. Member bank reserve balances on October 7 were estimated to be approximately $1,950,000,000 in excess of legal requirements. l Relatively small changes were reported in the Systems holdings of bills discounted, purchased bills, industrial advances, and United States Government securities. Changes in the amount of Reserve bank crodit outstanding and in related items during the week and the year ended October 7> 193^, were as follows: Increase or decrease since Oct. 7 Sept. 30 Oct. 9 1936 1935 (In millions of dollars) Bills discounted 8 -l -2 Bills •bought 3 -2 U. S. Government securities 2,430 — Industrial advances (not including 23 million commitments - October j) 27 -l -6 + Other Reserve "bank credit 4 +2 3 TOTAL B3SER7E BASE CREDIT 2,472 -1 -6 Monetary gold stock 10,971 +126 +1,508 Treasury currency 2,503 -2 +113 Money in circulation 5,305 +39 +607 Member "bank reserve balances 6,479 +122 +1,149 Treasury cask and deposits with F.R. banks 2,636 -75 -111 IJonmeniber deposits and other F.R. accounts 534 +38 -29 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

n Released for publication Friday morning, October 9,1936; ot earlier. B~o01a ASSETS A11D LIABILITIES OF THE TWELVE FEDERAL RESERVE B4I&IS COMBIKD (In thousands of dollars) Oct. 7, 1936 Sept. 30,1936 Oct. 9, 1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 3,527,331 3,3SU6S3 6,725,656 f Redemption fund - E. R. notes . . . . 12,2*48 12,^23 191250 Other cash 252,245 261,^ 207,251 Total reserves . S,792 ,375 S,S^S,556 6,952,157 Bills discounted: Secured by U.S.Gov*t obligations, direct or fully guaranteed . . . .. 3,*+2o 2,893 ^,150 Other bills discounted ft,113 6,558 5,^37 S Total bills discounted 7,539 9*^51 9»57 Bills bought in open market . . . . . 3,092 3>09S 4,Ss6 Industrial advances . . .. 27,142 23,1^5 32*721 U. S. Government securities: Bonds 378,077 378,077 238,95^ Treasury notes 1,^3.353 1,443,363 It636,57^ Treasury bills 608,787 60S,787 55^,681 Total U. S> Government securities . 2,5+30,227 2,^30,227 2,430,209 Other securities — — 181 Total bills and securities . . .. 2,H6g,006 2,470,921 2,477,33!+ Due from foreign banks . . . . . .. 217 217 639 F. R. notes of other Panics 21,29 7 22,6^0 21,80+ Uncollected items 592,617 622,572 ^75,590 Bank premises Ug.oSo US.ObO 50,121 All other assets 39,2^7 39,232 TOTAL ASSETS 11,951,819 11,262,20^ 10,022,009 L I A B I L I T I ES F. R. notes in actual circulation . . ^,077,72^4 ^,0^9,1^3 3,^92,729 Deposits: Member bank: - reserve account . . .. 6,^72,9*12 6,356,952 5,329,207 U. S Treasurer - General account . . 19^,726 252,737 60,327 > Foreign banic 7^,395 51.950 l4,S26 Other deposits 197,022 121,273 298,059 Total deposits 6,9^5,151 6,2^3,512 5,703,019 Deferred availability items 522,5^3 620,360 ^75,791 Capital paid in 130,17s 130,162 130,518 Surplus (Section 7) 145,501 1^+5,501 1^,293 Surplus (Section 13b) 27,082 27,022 23,^57 Reserve for contingencies 34,2^2 3^,2^1 30,69^ All other liabilities 12,392 12,197 1^,8^8 TOTAL LIABILITIES 11,961,819 11,262,20U 10,022,009 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 79.8$ 79*5$ 75*6$ Commitments to make industrial advances 22,906 23,307 26,859 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AMD LIABILITIES OP THE FEDERAL RESERVE BilHES OxT OCTOBER 7, 1936 (in thousands of dollars) B~C01b A S S E TS Total Boston lieu Yoifc Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and duo from U. Treasury 8,527,881 5^1,072 3,231,886 ^91,6^3 630,516 298,818 239,657 1,675,770 266,211 l60,S19 2^4,770 155.815 590,90*J- Redemption fund ~ 5\ R. notes 12,2*+8 1,788 88o 560 538 682 2,6SH 59S 736 853 822 300 1,801 Other cash 252,2^6 31,633 60,029 33,786 23,538 13,989 9,711 29,296 8,178 6,106 13,323 7,597 15>060 Total reserves 8,792,375 57^93 3,292,801 525,989 65^,592 313,^89 252,052 1,705,66U 275,125 167,778 258,915 163,712 607,765 Bills discounted: f Secured by U.S.G-ov t obligations direct or fully guaranteed 3,425 590 2,17s 170 ISO 32 30 15 20 20 130 34 Other bills discounted K u3 31 3,509 42 3S 93 4s 13 10 25 171 39 Total bills discounted 1,533 521 5,-587 212 21s 1S5 54 4s 29 10 105 191 159 Bills bought in open market 3,09s 226 1,103 31S 295 121 10s 3S7 37 Si 27 87 218 543 Industrial advances 27,142 3,450 5,343 5,029 1,395 2,957 1,537 515 1,153 S75 1,493 1,730 U. S. Government securities: Bonds 372,077 27,100 100,381 32,513 3S,235 19,525 15,431 44,172 is,016 l4,m 19,521 15,555 33,355 Treasury notes 103,454 323,224 124,124 145,957 74,543 53,910 I5S,534 58,782 53,273 7^,747 53,771 127,334 43.535 Treasury bills 508,787 161.538 52,353 51.557 31.44-1 24.847 71.127 29.011 22.723 31.527 P^.PIQ R3.707 Total U.S+Gov't securities 2,430,227 174,190 545,243 208,990 245,769 125,510 99,122 283,933 115,209 90,707 125,255 100,537 214,395 Total bills and securities 2,46S,006 178,487 658,376 2lk,5^9 2^7,678 128,783 99,903 286,005 llS kkO 91,9^1 126,923 102,^08 216,513 t Due from foreign banks 217 l6 S3 21 20 9 g 26 k 3 6 6 15 F.R^notes of other banks 21,29 7 318 296 £&3 1,1+53 2,^10 1^59 2/437 1,646 1,3^3 1,7^3 U63 3,0S6 Uncollected items 592,617 59,^5° 1^7,380 46,078 56,271* 52,^12 21,725 76,^68.26,970 17,263 31,970 23,033 33,59*4 Bank premises Us 060 3,113 10,856 5,079 6,525 2,919 2,2S4 4,833 2,453 1,531 3,36l 1,526 3,5SO All other assets 39,f247 40S 29,683 3,121 1,656 1,073 1,362 491 195 309 319 259 371 TOTAL ASSETS 11,961,819 816,285 4,143,475 795,^80 968,19s 501,095 378,79*5 2,075,921+ 422,833 2S0,i6n 423,237 291/407 864,924 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1TD LIABILITIES OF THE FEDERAL RESERVE BALKS Oil OCTOBER 7, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston He?/ York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 4,077,724 359,632 844,526 294,710 394,003 19^,225 187,469 917,344 177,973 130,613 154,807 90,238 330,184 Deposits: Member bank - reserve account 6,473,94s 340,756 2,832,928 405,454 427,266 210,470 148,084 1,001,298 176,587 113,745 219,390 153,195 449,775 TJ.S.Treasurer - General account 195,726 2i,97S 43,156 8,008 28,132 20,697 4,009 27,355 19,355 3,345 4,839 8,403 6,509 Foreign bank 74,395 5,386 28,181 6,768 6,695 3,202 2,547 8,442 2,183 1,747 2,111 2,111 5,022 Other deposits 197,022 5,300 127,035. 2,142 25s832 4,134 2,365 996 8,124 3,967 322 1,357 15,448 Total deposits 6,9^6,151 373,420 3,031,300 422,372 437,325 238,503 157,005 1,038,091 206,P49 122,804 226,662 165,066 476,754 Deferred availability items 588,543 59,279 142,810 45,i4s 54,843 51,575 20,920 76,737 28,4l4 17,437 32,050 25,041 34,239 Capital paid in 130,178 9,401 50,208 12,213 12,554 4,722 4,245 12,170 3,757 2,947 3,955 3,821 10,185 Surplus (Section j) 145,501 9,902 50»S25 13,406 14,371 5,180 %6i6 21,350 4,555 3,149 3,613 3, /S3 9,645 Surplus (Section 13 b) 27,088 2,874 7,744 4,231 1,007 3,44s 754 1,391 546 1,003 1,14-2 1,252 1,696 Reserve for contingencies 34,242 1,513 8,849 3,000 3,111 1,286 2,563 7,573 S95 1,435 s4o 1,32s 1,C49 All other liabilities 12,392 264 7,213 4oo 384 150 221 1,26s 344 (30 - iO 1 roe 0a-j/yi 0 372 TOTAL LIABILITIES II,96I,819 816,285 4,143,475 795,480 968,198 501,095 378,793 2,075,924 422,833 280,168 423,237 291,407 864,924 Commitments to make industrial advances 22,906 2,502 9,218 289 1,387 2,339 305 49 1,495 76 381 504 4,361 MATURITY DISTRIBUTI01T OF BILLS A1TD SECURITIES 91 days to Total Within 15 days 16 to 30 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 7,539 5,834 51 576 845 233 Bills bought 3,098 341 717 282 1,75S Industrial advances 27,142 1,561 448 522 1,019 2,233 21,359 U.S.Government securities 2,430,227 38,559 40,137 r- 4 l ,237 158,653 272,606 1,825,935 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE I'TOTE STATEiSITT Oil OCTOBER 7, 193° (In thousands of dollars) B-SOld Total Boston Hew York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. "Federal Reserve notes: Issued to F.R. bank by F.R.agent 4,368,693 37M64 937,957 310,51*+ ^iS.oiU 203,349 206,657 9^5,997 189,359 13M95 165,838 99,659 374,590 1 Held by Federal Reserve banic 290,969 17,232 93,^31 15,SO* 24,011 12,12k 19,105 28,653 11,3^6 4,282 11.031 9,421 44,4o6 In actual circulation 4,077,724 359,532 344,526 294,710 39^,003 196,225 187,469 917,344 177,973 130,613 15^,207 90,23s 330,ic4 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U.S. Treasury 4,348,838 396,000 945,706 314,000 '424,000 210,000 166,000 96$,000 161,632 121,000 165,000 100,500 379,000 Eligible paper 5,S82 590 4,294 17U ISO 167 49 — 17 — 92 179 l40 U. S, Gov't securities 93,000 -- — — 45,000 — 30,000 15,000 3,000 — — 'Total collateral 4,447,720 396,590 950,0oo 31^,17^ 424,180 210,167 211,049 966,000 191,649 136,000 168,092 100,679 379,l4o Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis