H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Oct. l6; of the Federal Reserve System not earlier October 15, 193& # COHDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended October lb, as reported by the Federal Reserve banks, was $2,^7,000,000, an increase of $7,000,000 compared with the preceding week and a decrease of $2,000,000 compared with the corresponding week in 1935* On October lb total Reserve bank credit amounted to $2 lW35 000,000, an increase f f of 0>13f000*000 for the week* This increase corresponds with increases of $138,000,000 in member bank reserve balances and of $11,000,000 in money in circulation, offset in part by increases of $32 000,000 in monetary gold stock and f $3t000,000 in Treasury currency, and decreases of $80,000,000 in Treasury cash and deposits with Federal Reserve banks and $2^,000,000 in nonmember deposits and other Federal Reserve accounts. Member bank reserve balances on October lb were estimated to be appraximately $2,070,000,000 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 October iH, 193^> were as follows: Increase or decrease since Oct. Ik Oct. 7 Oct. lS 1936 1935 (in millions of dollars) Bills discounted 8 —— -1 Bills bought 3 -2 TJ. S. Government securities 2,1+30 — Industrial advances (not including 23 million commitments - October lb) 26 -1 -6 Other Reserve bank credit 17 +13 -3 TOTAL RESERVE BANK CREDIT 2,5+g<5 +13 -11 Monetary gold stock 11,003 +32 +i,Ui9 Treasury currency 2,512 +3 +108 Money in circulation 6,316 +11 +62O Member bank reserve balances 6,617 +138 +1,083 Treasury cash and deposits with F*R # banks 2,556 -so -137 Homember deposits and other F # R. accounts 510 -2U -51 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 16,193^; not earlier, B-SOla ASSETS AMD LIABILITIES OF THE TIELVE FEDERAL RESERVE BANKS C0MBI1TED (In thousands of dollars) Oct, 14,1936 Oct. 7. 1936 Oct. 16, 1935 A S S E TS Sold certificates on hand and due from U. S. Treasury 8,581,384 8,527,SSI 6,898,648 Redemption fund - F. R. notes . . .. 13,136 12,248 18,470 Other cash 251,328 252.246 218.896 Total reserves 8,845,S4S 8,792,375 7,136,014 Bills discounted: Secured by U. S. Gov't obligations, direct or fully guaranteed 3,963 3,426 4,779 Other bills discounted 4.196 4,113 4,646 Total bills discounted 8,159 7,539 9,^25 Bills bought in open market . . . .. 3,098 3,098 4,679 Industrial advances . 26,480 27,142 32,477 U. S. Government securities: Bonds 378,077 378,077 232,939 Treasury notes 1,443,363 1,^3,363 1,632,121 Treasury bills .' 608,787 608,787 559,128 Total U.S. Government securities . . 2,430,227 2,430,227 2,430,182 Other securities — — 181 Total bills and securities 2,467,964 2,468,006 2,476,950 Due from foreign banks 216 217 646 F. R. notes of other banks 24,791 21,297 21,646 Uncollected items S4l,169 592,617 770,l6l Bank premises 48,062 48,060 50,169 All other assets 40,657 39,247 39,928 TOTAL ASSETS 12,268,707 11,961,819 10,495,514 L I A B I L I T I ES F. R. notes in actual circulation . . 4,093;jS7 4,077,724 3,504,558 Deposits: Member bank - reserve account . . .. 6,ol6,920 6,478,948 5,534,326 U.S.Treasurer - General account . . . 135,246 195,786 53,994 Foreign bank SS,904 74,395 22,919 Other deposits 159.828 197,022 284,4l4 Total deposits 7,000,898 6,946,151 5,895,653 Deferred availability items 824,207 588,543 751,329 Capital paid in 130,243 130,178 130,355 Surplus (Section 7) 145,501 1%,501 144,293 Surplus (Section 13b) 27,080 27,088 23,457 Reserve for contingencies 3^,242 34,242 30,697 All other liabilities 13.34l 12,392 14,512 TOTAL LIABILITIES 12,268,707 11,961,819 10,495,514 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 79• 7/® 79*8/® 75*9$ Commitments to make industrial advances 23,086 22,906 26,791 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS MD LIABILITIES 0? THE FEDERAL 2ESEH7E BAEIZS 011 OCTOBER lH, 1936 (in thousands of dollars) B-801b A S S E TS Total Boston Hew York Pliila. Cleve. Hicli. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Gold certificates on hand and due from u. s. Treasury 8,581,384 550,473 3,193,365 ^96.49? 632,970 297,75+l 246,266 1,711,15^ 27^,31*+ 168,375 249,76s 156,355 604,099 Sedemption fund - F. R. notes 13,136 1,759 1,765 514 992 U5U 2,645 5^ 722 847 813 293 1,788 Other cash 251,328 30,372 6l,004 32,J08 21,150 14,095 9,802 28,005 10,26l 6,379 15,206 7,360 14,926 Total reserves 8,845,848 582,609 3 ,256,134 529,781 655,112 312,290 258,713 .1,739,703335,297 175,601 265,787 164,008 620,813 Bills discounted: Secured by U.S.Gov't obligations direct or fully guaranteed 3,963 580 2,385 100 115 77 30 550000 1166 — 44oo 20 100 Other bills discounted ^,196 31 3,637 4i 38 10s l4 4s 13 10 80 147 29 Total bills discounted 8,159 611 6,022 l4i 153 185 44 54s 29 10 120 167 129 Bills bought in open market 3,09s 226 1,103 31s 295 121 108 387 87 61 °7 87 218 Industrial advances 26,480 2,819 6,329 5,037 1,392 2,965 541 1,625 515 1,156 372 1,484 1,745 U. S. Government securities: Bonds 37S,077 27,100 100,381 32,513 38,235 19,526 15,^31 4444,,117722 1188,,001166 ii44,,mm 19,581 1155,,665566 3333,,335555 Treasury notes l,l^3,363 103,454 383,224 124,124 145,967 74,543 58,910 168,634 68,782 53,873 7^,7^7 59,771 127,33^ Treasury bills 608,787 ^,636 161,63s 52,353 61,567 31,441 24,847 71,127 29,011 22,723 31,527 25,210 53,707 Total U.S. Gov't securities 2/130,227 17^.190 .545,243 £08,390 2^5,769 125,510 99,188 283,933 115,809 90,707 125,855 100,637 214,396 Total bills and securities 2,^67,961* 177,846 658,697 214,486 247,609 128,781 99,381 236,493 116,44o 91,93^ 126,93^ 102,375 216,488 Due from foreign banks 216 16 81 21 20 10 3 26 4 3 6 6 15 F.E.notes of other banks 2^,791 331 6,030 461 1,26s 2,943 1,631 2,64o i,g4s 1,77^ 1,424 591 3,850 Uncollected items 8^1,169 78,300 201,185 61,754 90,544 71,821 31,464 122,875 38,459 19,^02 39,643 35,671 50,051 Sank premises 4s,062 3,113 10,356 5,079 6,525 2,919 2,284 M 33 2»u52 1,53*+ 3,361 1,526 3,580 All other assets 40,657 ?93 30,51s 3,723 1,596 1,106 1,361 499 190 312 312 273 37^ TOTAL ASSETS 12,268,707 842,608 '4,163,501 815,3053^02,67^ 519,870 395,3^2 2,157,069 444,690 290,560 437,467 304,450 895,171 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS ASD LIABILITIES OP THE FEDERAL RESERVE BANKS OIT OCTOBER l4, 1936 (I11 thousands of dollars) B-SOlc L I A B I L I T I ES Total 3oston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Itans.Cy. Dallas San Fran. P.R.notes in actual circulation 4,093,187 361,324 248,073 298,192 397,173 200,768 167,321 912,327 172,561 130,02s 154,4os 90,235 328,657 Deposits: Member 'bank: - reserve account 6,616,920 353,154 2,s4s,ss9 '405,736 438,356 213,742 148,969 1,051,217 188,007 123,686 224,022 155,236 464,806 U.S.Treasurer - General account 135,246 i4,m 2$,339 6,160 16,112 13,577 8,084 8,564 17,669 3,627 6,999 6,266 7,73s Foreign "bank 88,904 6,649 31,844 8,357 2,267 3,954 3,145 10,424 2,696 2,156 2,606 2,606 6,200 159,822 5,452 39,709 1,722 24,704 2,555 4,985 1,109 8,180 3,994 243 1,635 15,53^ Total deposits 7,000,898 379,366 2,996,721 4-21,921 487,939 233,22s 165,183 1,071,314 216,552 133,463 233,270 166,343 494,27s Deferred availability items 824,207 77,256 193,790 61,281 86,127 70,456 29,376 123,458 39,345 17,797 39,457 36,76s 48,496 Capital paid in 130,243 9,402 50,24s 12,207 12,55^ 4,723 4,247 12,200 3,757 2,944 3,955 3,321 10,185 Surplus (Section 7) 145,501 9,902 50,825 13,406 14,371 5,126 5,616 21,350 4,655 3,149 3,613 3,723 9,645 Surplus (Section 13 b) 27,088 2,274 7,744 4,231 1,007 3,44s 754 1,391 546 1,003 1,142 1,252 1,696 Reserve for contingencies 34,242 1,513 8,849 3,000 3,lli 1,286 2,563 7,573 295 1,435 s4o 1,328 1,249 All other liabilities 13,341 311 7,191 1,007 392 175 222 1,456 379 741 182 920 .,365 TOTAL LIABILITIES 12,268,707 842,608 4,163,501 8.15,3051^02,674 519,270 395,342 2,157,069 444,690 290,560 437,467 304,450 895,171 Commitments to make industrial advances 23,086 2,541 9,361 1,^15 2,335 304 49 1,495 73 379 49s 4,348 MTURITY DISTRI3UTI0IT OF BILLS AIFD SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to $0 days 6l to 90 days Over 6 months 6 months Bills discounted 8,159 6,579 62 527 874 117 Bills "bought 3,098 2,275 31 295 497 Industrial advances 26,480 894 469 507 1,039 2,214 21,357 U.S.Government securities 2,430,227 35,561 37,521 86,94s 156,053 269,366 1,244,772 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE HOTS STATELIEST Oil OCTOBER l4, 1936 (In thousands of dollars) B-801d Total Boston Hew York Phila. Clevo. Rich. Atlanta Chicago St.Louis Minn. Zans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R. bank by F.R.agent 4,372,990 375,485 946,578 3H,592 418,064 212,60s 207,645 945,227 188,722 134,107 165,773 99,523 373,666 Held "by Federal He serve bank 285,803 l4,101 9^,505 13,400 20,891 11,840 20,2 64 26,900 10,l6l 4,079 11.365 9.288 4^.009 In actual circulation 4,093,187 361,38k 848,073 298,192 397,173 200,768 187,381 918,327 178,561 130,028 154,408 90,235 328,657 Collateral held by ajent as security for notes issued to bank: G-old certificates on hand and due from U. S. Treasury 4,362,838 396,000 955.706 314,000 420,000 213,000 166,000 966,000 161,632 126,000 lo5,000 100,500 379,000 Eligible paper S,590 5S0 4,715 103 115 167 30 500 17 — 108 155 100 U.S. Gov't securities 88,000 — 45,000 — 30.000 10.000 3,000 Total collateral 4,457,^22 39^,530 960,421 314,103 420,115 213,167 211,030 966,500 191,649 136,000 i6s,ios 100,655 379,100 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis