H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS Released, for publication Board of Governors Friday morning, Oct 23; of the Federal Reserve""System # not earlier October 22, 1936* # CONDITION OF FEDERAL RESERVE BANKS •The daily average voluxae of Federal Reserve bant credit outstanding during the Y/eek ended October 21, as reported by the Federal Reserve banks, was $2,^7,000,000, unchanged from the preceding week, and an increase of $2,000,000 compared with the corresponding week in 1935* On October 21 total Reserve bank credit amounted to $2/463,000,000, a decrease of $22,000,000 for the week* This decrease corresponds with decreases of $65,000,000 in Treasury cash and deposits with Federal Reserve banks, $19,000,000 in nonmernber deposits and other Federal Reserve accounts* and $5,000,000 in money in circulation, and increases of $5,000,000 in monetary gold stock, and $2,000,000 in Treasury currency, offset in part by an increase of $7^,000,000 in member bank reserve balances. It is estimated that member bank reserve balances on October 21 wore approximately $2,130,000,000 in excess of legal requirements. Relatively snail changes were reported in the System*s holdings of bills discounted, purchased bills, industrial advances, and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended October 21, 1936, were as follows: Increase or decrease since Oct* 21 Oct. Oct* 23 J9& 1935 (In millions of dollars) Bills discounted 6 -1 Bills bought 3 ^ U• S• Government securities 2,^30 Industrial advances (not including 23 million commitments - October 21) 26 -7 Other Reserve bank credit -3 -20 -1 TOTAL RESERVE BANK CREDIT 2,1*63 -22 -9 Monetary gold stock +5 11,00S +1,37$ Treasury currency +2 2,51k +117 Money in circulation 6,311 +627 Member bank reserve balances 6,693 + 7b +1,11S Treasury cash and deposits with F.R banlcs # 2,^-91 -65 -203 Nonneriber deposits and other F. R. accounts k9l -19 -55 (B-SQ1) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 23,1936; not earlier, B-SOla ASSETS AKD LIABILITIES OP THE TWELVE PEEERAL RESERVE BASKS COMBINED (In thousands of dollars) Oct. 21,1936 Oct. lU.1936 Oct. 23,1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 8,609,328 8,581,384 6,979,122 Redemption fund - P. R. notes . . .. 12,471 13,136 IS,687 Other cash 253,547 251,328 Total reserves • 8,875,346 8,845,81)8 7,230,201 Bills discounted: Secured by U. S. Gov't obligations, direct or fully guaranteed 3,103 3,9^3 3>407 Other bills discounted 3,067 4,196 3,335 Total bills discounted 6,170 8,159 6,742 Bills bought in open market 3»089 3,098 4,676 Industrial advances 26,427 26,480 32,640 U. S. Government securities: Bonds 378,077 378,077 238,970 Treasury notes 1,443,363 1,443,363 1,630,682 Treasury bills . .. 608,787 608,787 560.567 Total U.S. Government securities . . 2,430,227 2,430,227 2,430,219 Other securities — — 181 Total bills and securities 2,465,913 2,467,964 2,474,458 Due from foreign banks 218 2l6 64l P. R. notes of other banks 24,797 24,791 22,107 Uncollected items 654,301 S4l,l69 544,379 Bank premises 48,062 48,062 50,169 All other assets 38,307 40,657 40.667 TOTAL ASSETS 12,106,944 12,268,707 10,362,622 L I A B I L I T I ES P. R. notes in actual circulation . , 4,091,064 4,093,187 3,504,366 Deposits: Member bank - reserve account . . .. 6,693,447 6,616,920 5,575,0l6 U.S.Treasurer - General account . . . 88,337 135,246 ' 98,919 Poreign bank 63,782 83,904 21,848 Other deposits 163,492 159,828 269.918 Total deposits 7,009,05s 7,000,893 5,965,701 Deferred availability items 657,033 824,207 547,197 Capital paid in 130,243 130,243 130,395 Surplus (Section 7) 145,501 145,501 144,893 Surplus (Section 13 b) 27,088 27,083 23,457 Reserve for contingencies 34,236 34,242 30,698 All other liabilities . 12.721 1 3 . 1 5 , 4 15 TOTAL LIABILITIES 12,106,944 12,268,707 10,362,622 Ratio of total reserves to deposit and P. R. note liabilities combined . . . 79.7$ Commitments to make industrial advances 22,774 23,086 26,914 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AI3D LIABILITIES Of THE FEDERAL RESERVE BALIKS OH OCTOBER 21, 1936 (In thousands of dollars) 3-8011) A S S E TS Total Boston New York Phila Cleve. Bich Atlanta Chicago St.Louis Minn Kans.Cy. Dallas San fran # # # # Gold certificates on hand and due from U.S. Treasury 8,609,328 5^6,971 3t26l,2C& 503,103 632,073 287,651 235,999 1,721,179 260,625 161,7*0. 238,003 155,507 605,272 Redemption fund - F. R. notes 12,^71 1,698 1,61V 932 bkl 2,589 m 687 723 , 79? 278 1,756 Other cash 253,5^7 28,325 31,527 23,737 16,32^ 10,484 28,51^ 12,078 7,281 lH,084 7,l6*+ 15,603 Total reserves 8,875,3^6 576,99^ 3,321,2^ 535,11U 656,71+2 30^,1+22 2^+9,072 1,750,157 273,390 169,7^5 252,886 162,9^9 622,631 Bills discounted: Secured "by U.S.Gov*t obligate direct or fully guaranteed 3,103 92 2,65s 50 75 W — 1 — 50 4o Other bills discounted 3,067 37 2,469 47 46 63 17 58 12 103 135 35 Total hills discounted 6,170 129 5,127 97 121 200 17 58 46 12 153 135 75 Bills bought in open market 3,089 225 1,099 317 294 121 108 386 86 61 87 87 218 Industrial advances 26,^27 2,818 6,315 5,051 1,387 2,964 533 1,620 515 l,l44 S50 1,^75 1,755 U# S. Government securities: Bonds 378,077 27,100 100,381 32,513 38,235 19,526 15,431 44,172 18,016 14,111 19,581 15,656 33,355 Treasury notes 1,^3,363 103,454 383,224 124,124 1^,967 7^,5^3 58,910 168,634 68,782 53,873 7^,7^7 59,771 127,33^ Treasury bills 608,787 43,636 161,638 52,353 61,567 31,441 24,847 71,127 29,011 22,723 31,527 25,210 53,707 Total U.S. (xOvH securities 2,1+30,227 174,190 645,243 208,990 245,769 125,510 99,138 283,933 115,209 90,707 125,855 100,637 214,396 Total bills and-securities 2,465,913 177,362 657,7^ 214,455 247,571 128,795 99,846 285,997 116,456 91,924 126,945 102,33^ 216,444- Due from foreign banks ais 16 83 21 20 10 8 26 4 3 6 6 15 P.R.notes of other banks 24,797 321 5,718 759 1,801 3,095 1,683 2,276 1,966 1,^97 1,653 556 3,^72 Uncollected items 654,301 65,573 162,466 50,780 61,269 55,760 25,677 81,224 28,105 18,375 36,824 27,478 40,770 3anil premises 4s,062 3,113 10,856 5,079 6,525 2,919 2,284 M33 2,453 1,53^ 3,36i 1,526 3,579 All other assets 32,307 395 28,730 3.181 1.643 1,072 1.388 4q6 185 292 Ml ?71 . 3^1 TOTAL ASSETS 12,106,91ft. 823,77^ 186,881 809,389 975.571 ^6,073 379,95S 2,125,009 1+22,559 283,370 1+21,988 295,120 887,252 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AI-ID LIABILITIES OF THE FEDERAL RESERVE BANXS OH OCTOB1S 21, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San Fran. F.R.notes in actual circulation 4,091,064 359,305 344,321 296,193 393,716 201,^5 187,375 920,501 179,460 131,013 154,637 9 2,305 329.593 Deposits: Member bank - reserve account 6,693,447 362,343 2,919,753 420,353 445,256 203,04-1 143,592 11,0,055-33,,993377 134,743 115,302 216,775 154,091 462,744 U.S.Treasurer - General account 33,337 1,24^ 23,216 2,073 11,370 10,375 4,246 1100,,220033 7," 3,312 1,970 2,917 S625 Foreign bank 63,732 4,796 22,626" 5,027 5»963 2,352 2,26s 7,513 1,556 1,330 1,330 4,472 Other deposits 163,492 5 >027 33,346 l,64i 24,577 2,554 3,346 1,000 3,196 4,212 453 1,544 17,336 Total deposits 7,009,053 ;3 73,916 3, ,053,941 430,099 4SS,665 224,422 153,459 l ,077,65S 202,66s 124,332 221,033 160,532 493,227 Deferred availability items 657,033 55,032 153,279 49,703 61,745 55,17^ 25,717 32,973 30,23s 13,723 36,523 31,260 40,551 Capital paid in 130,243 9,402 50,249 12,207 12,555 4,719 4,247 12,201 3,757 2,944 3,955 3,323 10,is4 Surplus (Section 7) 145,501 9,902 50,325 13,406 14,371 5,136 5,6l6 21,350 4,655 3,149 3,613 3,733 9,645 Surplus (Section 13 b) 27,03S 2,374 7,744- 4,231 1,007 3,443 754 1,391 546 1,003 1,142 1,252 1,696 Reserve for contingencies 3^,236 1,513 3,349 3,000 3,111 1,237 2,563 7,573 395 1,423 34o 1,32s 1,349 All other liabilities 12,721 330 7,173 545 400 192 227 1,357 340 723 135 337 407 TOTAL LIABILITIES 12,106,944 323,774 4,136,331 309,339 975,571 496,073 379,953 2,125,009 422,559 233,370 421,933 295,120 337,252 Commitments to make industrial advances 22,77^ 2,516 9,313 275 1,400 2,341 304 49 1,294 73 352 495 4,362 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 5l to 90 days Over o months 5 months Bills discounted 5,170 4,337 73 1,077 431 252 Bills bought 3.039 5 67 273 2,739 Industrial advances 25,427 1,031 332 533 930 2,154 21,342 U.S.Government securities 2,430,227 40,137 34,319 139,340 32,521 357,436 1,776,424 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE EOTE STATEMENT 017 OCTOBER 21, 1936 (In thousands of.dollars) B-SOld Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R. bank by F.R.agent M99.&3 378,230 9^7,333 312,108 >+22,337 215,^2? 207,051 9^8,956 129,317 135,300 165,895 100,830 376,257 Held by Federal Reserve bank 308,579 19,025 102,512 15,915 28,621 13,7M 19,676 28,^55 9,857 H,287 11,252 8,525 H6,66H in actual circulation U,091,061* 359,805 8^U,S2l 296,193 393,716 201,61*5 187,375 920,501 179,1*60 131,013 15^,637 92,305 329,593 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from u. s. Treasury ^,360,832 396,000 955,706 31^,000 H23,ooo 216,000 166,ooo 966,000 161,632 117,000 165,000101,500379,000 Eligible paper l*,lj% 92 3,7^9 51 75 178 — 1 138 121 UO TJ. S. Gov't securities 98,000 — -- -- — 1*5,000 — 30,000 20,000 3,000 Total collateral ^63,283 396,092 959,^55 31M51 ^23,075 216,178 211,000 966,000 191,633 137,000 168,138 101,621 379,0^0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis