H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Oct, 30; of the Federal Reserve System not earlier. October 29, 193&. CONDITION OF FEDERAL RESERVE BANKS Tiie daily average volume of Federal Reserve baiik credit outstanding during the week ended October 28, as reported by the Federal Reserve banks, was $2,^71,000,000, a decrease of $l6000,000 compared with the preceding week and of f $6,000,000 compared with the corresponding week in 1935* On October 2S total reserve bank credit amounted to $2,^-62,000,000, a decrease of $1,000,000 for the week.,This decrease corresponds with decreases of $9,000,000 in money in circulation and $8,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $23$000,000 in monetary gold stocl£, offset in part by an increase of $39,000,000 in member bank reserve balances. Member ba&k reserve balances on October 2S were estimated to be approximately $2,l60,000,000 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 2S, 1936, were as follows: Increase or decrec.se since Oct. 2S Oct. 21 Oct. 30 (In millions of dollars) Bills discounted 6 Bills bought 3 -2 U. S. Government securities 2,^30 — Industrial advances (not including 23 million commitments - October 28) 26 - -7 Other Reserve bank credit -3 -3 TOTAL RESERVE BANK CREDIT 2,H62 -1 -12 Monetary gold stock 11,031 +23 +1,3^5 Treasury currency 2,51^ +113 Money in circulation 6,302 -9 +616 Member bank reserve balances 6,732 +39 +1,079 Treasury cash and deposits with F*R. banks 2,^90 -1 -175 Honnember deposits and other P. R # accounts k$3 -73 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, October 30>1936; not earlier. B~801a ASSETS A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) Oct. 28,1956 Oct. 21,1956 Oct. 30,1955 A S S E TS Gold certificates on hand and due from U. S, Treasury 8,635,231 8,609,328 7,026,623 Redemption fund - F. R. notes • . 12,273 12,471 19,727 Other cash . . . . . . . . . . .. 2&?S25. 253,^7 233,953 f Total reserves • • • • • • • •• 2,875,346 7,225,303 8,913,929 Bills discounted: Secured "by TJ.S.Gov^ obligations,d b or fully guaranteed • . . . . . 3,1+21 3,103 2,999 Other bills discounted 2,6g6 3,067 3,129 Total bills discounted 6,107 6,170 6,128 Bills bought in open market • # • 3,087 3,089 4,676 Industrial advances • 26,299 26,427 32,719 U. S, Government securities: Bonds . 373,077 373,077 233,923 Treasury notes 1,^3,363 1,443,363 1,635,087 Treasury bills . . 608,787 556,162 608,787 Total U.S. Government securities 2,430,227 2,430,172 2,430,227 Other securities . . . . . . . .. 131 Total bills and securities 2,1+65,720 2,465,913 2,473,876 Due from foreign banks . # 220 218 64i F. R. notes of other banks 2-4,720 24,797 21,447 Uncollected items 573,206 654,301 507,936 Bank: premises . , 1+8,0b2 Us,062 50,169 All other assets . • . . 39.116 33,307 ^1,932 12,065,573 12,106,944 10,381,304 L I A B I L I T I ES F. R. notes im actual circulation 4,086,21+2 4,091,064 3,5H,319 # Deposits: Member bank - reserve account . * 6,732,003 6,693,447 5,652.939 U S.Treasurer ~ General account . 99,903 88,337 60,279 # Foreign bank • 65,479 63,722 25,402 Other deposits . . • 154,170 163,492 270,744 Total deposits . . . . . .. 7,051,555 7,009,05s 6,009,4i4 Deferred availability items . . . 577,408 657,033 508,913 Capital paid in . . . . . . .. . 130,241 130,243 130,356 Surplus (Section 7) • • • • •• • 145,501 145,501 144,893 Surplus (Section 13 b) 27,088 27,088 23,457 Reserve for contingencies • . . . 3^,236 30,69 s 34,236 All other liabilities . . . . .. 12,721 22,254 , . . 13,302 TOTAL LIABILITIES . . . . 12,065,573 12,106,944 10,381,304 Ratio of total reserves to deposit and F. R. note liabilities combined . . 80.0$ SO.Ofo 76.5i Commitments to make industrial advances 22,790 22,nk 27,057 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1JD LIABILITIES OF THE FEDERAL RESERVE BA13KS Oil OCTOBER 2S, 1936 (In thousands of dollars) B-801b A S S E TS To tal Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran Gold certificates on hand and due from U. S. Treasury- S,635,S31 572,964 3,240,051 494,932 632,154 294,267 233,163 1,733,2>6 259,435 162,554 247,102 161,952 604,011 Redemption fund - P . R. notes 12,273 1,666 1,476 427 882 6b0 2,557 4i4 676 717 790 270 1,73S Other cash 265,825 31,027 65,512 32,153 21,547 13,956 11,267 30,074 12,780 6,203 15,026 7.377 is,903 Total reserves 2,913,929 605,657 3,307,039 527,512 654,583 308,883 246,987 1,763,734 272,891 169,474 262,91s 169,599 624,652 Bills discounted: Secured by U.S.Gov't obligations direct or fully guaranteed 3,421 112 22,,886622 6699 70 150 — — 101 35 2 20 Other bills discounted 2,686 2,091 4s 46 17 5S 45 12 121 119 35 Total bills discounted 6,107 159 ^,953 117 116 197 17 58 l46 12 156 121 55 Bills bought in open market 3,087 225 1,097 317 294 121 108 386 86 61 87 S7 218 Industrial advances 26,299 2,831 6,299 5,059 1,363 2,953 532 l,6o4 515 1,13^ 824 1,430 1,755 U. S. Government securities: Bonds 37S,077 27,100 100,381 32,513 3S,235 19,526 15,^31 44,172 18,016 l 4 ,m 19.5S1 15,656 33,355 Treasury notes 1,443,363 103,454 383,224 124,124 145,967 7!+,51+3 58,910 168,634 68,782 53.S73 74,747 59,771 127,334 Treasury bills 608,787 43,636 lbl,638 52,353 61,567 3l,44i 24,847 71,127 29,011 22,723 31,527 25,210 53,707 Total U.S. Gov't securities 2,430,227 174,190 645,243 208,990 245,769 125,510 99,188 ,283,933 115,809 90,707 125,855 100,637 214,396 Total bills and securities 2,^65,720 177,^05 657,592 214,4^3 247,542 128,781 99,845 285,981 116,556 91,91*+ 126,922 102,275 216,424 Due from foreign banks 220 16 86 21 20 9 8 26 4 3 6 6 15 F.R.notes of other banks 24,720 326 8,052 5S0 1,379 3,H5 1,536 2,551 i,s4i 1,387 .1,042 606 2,297 Uncollected items 573,806 59,431 137,61s 44,249 53,449 56,06s 22,661 7^,265 25,475 15,76: 31,572 23,990 30,139 Bank premises Us,062 3,113 10,856 5,079 6,525 2,919 2,284 4,833 2,452 1,53 3,361 1,526 3,5S0 411 other assets 39,116 375 29,532 3,297 1,590 1,091 1,375 47s 194 289 321 271 297 TOTAL ASSETS 12,065,573 846,323 4,150,731 795,229 965,088 500,866 37^,696 2,131,S8S 419,413 280,370 426,142 297,373 S77,4o4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BAMS Oil OCTOBER 28, I936 (in thousands of dollars) B-SOlc L I A B I L I TI Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kaiis.Cy. Dallas San Fran, F.R.notes in actual circulation 4,036,242 360,346 S4l,Gl3 299,137 395,544 202,112 1S6,6S1 919,591 179.063 129,933 154,219 91,103 325,535 Deposits: Member "bank - reserve account 6,732,003 390,027 2,920,453 407,249 442,947 214,323 143,005 1,061,019 136,002 116,164 224,363 160,330 465,116 U.S.Treasurer - General account 99,903 2,610 22,325 3,379 10,744 s,733 3,^33 22,405 5,440 3,600 3,53s 4,361 9,030 Foreign "bank 65,1+79 4,796 24,323 6,027 5,963 2,352 2,26s 7,51* 1,944 1,55S 1,830 1,SS0 4,472 Other deposits K53S 83,148 1,588 24,345 2,993 3,^36, 1,303 3.850 Ju33L 740 1.851 16.824 Total deposits 7,051,555 402,029 3,050,249 418,243 483,999 229,406 152,147 1,092,745 202,236 125,316 230,321 168,922 495,442 Deferred availability items 577,40s 59,911 133,677 44,194 54,087 54,474 22,455 75,760 27,881 15,314 31,298 26,246 31,611 Capital paid in 130,241 9,402 50,246 12,207 12,567 ^.718 4,248 12,198 3,757 2,9^3 3,955 3,323 10,177 Surplus (Section 7) 145,501 9,902 50,325 13,406 1^,371 5,186 5,616 21,350 4,655 3,I!+9 3,613 3,783 9,645 754 Surplus (Section 13 "b) 27,083 2,874 7,744 ^,231 1,007 3,^48 1,391 546 1,003 1,14-2 1,252 1,696 Reserve for contingencies 34,236 1,513 3,349 3,000 3,111 1,237 2,563 7,573 896 1,427 340 1,32s 1,349 All other liabilities 13,302 346 Lt3X3_ x£l 402 235 PIP 1,230 3-79- . ,730 254 911 299 TOTAL LIABILITIES 12,065,573 846,323 4,150,731 795,229 965,033 500,366 37^.690 2,131,333 419,413 280,370 426,142 297,373 S77,4o4 Commitments to make industrial advance s 22,790 2,516 9,362 267 1,403 2,33s 302 49 1,290 73 354 495 4,34l MATURITY DISTRIBUTION OF BILLS A1TD SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 6,107 4,262 564 594 525 162 Bills "bought 3,087 31 154 235 2,617 Industrial advances , 26,299 1,092 301 60S 934 2,071 21,243 U.S.Government securities 2,430,227 37,521 42,362 134,628 23,951 361,773 1,77^,992 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE 1T0TE STATEMENT Oil OCTOBER 28, I93S (In thousands of dollars) B-goia Total Boston ITew Yorl-r PMla Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy* Dallas San Pan. # r Federal Reserve notes: Issued to F.R.bank "by agent ^,388,7^6 313,lib 9 ^ 1 ,^ 3H»922 ^20,509 215,^71 207,165 9^7,957 122,775 13^,609 165,356 99,757 375,3^7 Held by Federal Reserve baric 302,50^ 19,^28 99*^66 12,735 2^,965 13,359 20,^8*4 28,366 9,712 ^,621 11,137 8,6^9 ^9,382 in actual circulation H,os6,242 3^0,3^6 8Ui,Si8 299,187 395,5^ 202,112 186,681 919*591 179,063 129,988 15^219 91,10s 326,585 Collateral held by agent as security for notes issued to bank: Gold certificates on:'hand and due from TJ„ S* Treasury Eligible paper U. S. G-ovH securities Total collateral ^63,199 396,112 959,271 31M70 ^23,070 216,175 211,000 966,000 191,73^ 137,000 16s,ihi 101,606 379,020 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis