H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STAmtMT FOR "THE PRESS Released for publication Board of Governors Friday morning, ITov. S; of the Federal Reserve System not earlier. November 5t 193& CONDITION OF FEDERAL RESERVE BASICS The daily average volume of Federal Reserve bank credit outstanding during the week ended November H, as reported by the Federal Reserve banks, was 000,000, an increase of $3,000,000 compared with the preceding week and a de< crease of $3,000,000 compared with the corresponding week in 1935- On November U total Reserve bank credit amounted to $2,4^o,000,000, a decrease of $1^,000,000 for the week. This decrease corresponds with decreases of $39,000,000 in member bank reserve balances, $21,000,000 in no member deposits, and other Federal Reserve accounts, and $3,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $27,000,000 in monetary gold stock, offset in part by an increase of $7^,000,000 in money in circulation. Member bank reserve balances on llovember H were estimated to be approximately ,000,000 in excess of legal requirements. Relatively small changes were reported in the System's holdings of bills discounted, purchased bills and industrial advances* An increase of $2,000,000 in holdings of United States bonds was offset by a decrease of $2,000,000 in holdings of United States Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended llovember U, 133&, v/ero as follows: Increase or decrease since Nov. k Oct. 2G Nov, 6 J ^ L. 1935 (In millions of dollars) Bills discounted 7 +1 Bills bought 3 U. S. Government securities 2,^30 Industrial advances (not including 23 million commitments - November 4) 26 -7 -7 Other Reserve bank credit -19 -16 TOTAL RESERVE BAKE CREDIT 2,UUo -lU -lU Monetary gold stool; H.05G +27 +1,3^ Treasury currency 2,515 +1 +11U Money in circulation 6,372 +76 +62H Member "bank reserve "balances 6,693 -39 +1,022 Treasury cash, and deposits with P,R."bax£ts 2 Ml '-3 -16s Nonneriber deposits and other F. R. accounts U62 -21 (B-GOl) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, November 0,1936; not earlier, B-SOla ASSETS MD LIABILITIES OF TEE TWELVE FEDERAL RESERVE EASES COMBINED (in thousands of dollars) Nov. *+, 1936 Oct. 28, 1936 Uov. 6, 1935 ASSETS Gold certificates on hand and due from U. S. Treasury 8,650,837 8,635,831 7,063,156 Redemption fund - F. R. notes 11,35^ 12,273 19,370 Other cash 21+9.355 265,825 223,63*+ Total reserves 8,911,51+6 S,913,929 7,306,l60 Bills discounted: Secured "by U.S.Gov't obligations,direct or fully guaranteed l+,ll+2 3,*+21 3,773 Other bills discounted 2,935 2,686 3,028 Total bills discounted . 7,077 6,107 6,801 Bills bought in open market 3,087 3,087 If,676 Industrial advances 26,1+74 26,299 32,677 U. S. Government securities: Bonds 379,960 378,077 235,1+1+7 Treasury notes 1.443.363 1,635,588 Treasury bills 606.90*+ 608,787 556.162 Total U.S. Government securities . . . 2,1+30,227 2,1+30,227 2,1+30,197 Other securities — — 181 Total bills and securities . . . . .. 2,1+60,865 2,1+65,720 2,1+7^,532 Due from foreign banks 220 220 61+1 F. R. notes of other banks 2l+,S52 21+J20 21,829 Uncollected items 556,8^7 573,S06 *+77,33S Bank premises 1+8,067 1+8,062 50,169 All other assets 1+0,255 39,ll6 41,137 TOTAL ASSETS 12,0*18,652 12,065,573 10,371,806 LIABILITIES F. R. notes in actual circulation . . . U, 13^,7^7 4,086,21+2 3,563,25*+ Deposits: Member bank - reserve account 6,693,359 6,732,003 5,671,235 U.S.Treasurer - General account . . .. 9*+»5% 99,903 59,719 Foreign bank 77* 65,1+79 22,501 Other deposits 153,316 15%, 170 213,72*+ Total deposits 6,988,002 7.051,555 5,967,179 Deferred availability items 575,61+1+ 577,*+08 1+90,231 Capital paid in 130,232 130,21+1 130,364 Surplus (Section 7) ll+5,501 1*+5,501 ll+l+,SS3 Surplus (Section 13 b) 27,088 27,088 23/457 Reserve for contingencies 3*+»237 3*+»236 30,699 All other liabilities 13,201 13,302 21,729 TOTAL LABILITIES 12,01+8,652 12,065,573 10,371,806 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 80.1$ 80.0$ 76.7$ Commitments to make industrial advances 22,57*+ 22,790 27 , 336 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1JD LIABILITIES OF THE FEDERAL RESERVE BA2TKS Oil NOVEMBER 4, 1936 (in thousands of dollars) B~801b A S S E TS Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago I3 1 .Louis Minn. ICans.Cy. Dallas !S an Fran Gold certificates on hand and due from U. S. Treasury 3,650,837 533,703 33,,224477,,440000 449955,,003355 629,566 311, 690 235,814 1,713,222 251,104 166,269 251,271 155,209 593,293 Redemption fund - F.R. notes 11,35^ 1,627 1,304 362 221 337 2,427 245 661 709 720 261 1,710 Other cash 249,355 29,936 56,604 30,263 23,521 IIHH,, 334 11,712 24,037 13,707 7,096 14,205 7,022 i6,4i2 Total reserves 2,911,545 615,266 3,305,303 525,710 653,903 326, 911 250,013 1,732,110 265,472 17^,674 265,256 173/492 616,426 Bills discounted: Secured "by U.S.Gov't obligations direct or fully guaranteed 4,142 572 3,195 25 Pr 2 — — 101 — 50 2 6600 Other "bills discounted 2,935 2,335 22 46 22 17 53 45 12 115 71 35 Total hills discounted 7,077 619 5,530 167 121 24 17 53 146 12 165 73 95 Bills "bought in open market 3,027 225 1,093 317 294 121 102 335 26 61 37 S7 218 Industrial advances 26,474 2,910 6,495 5,037 1,352 2,, 93s 517 1,592 514 1,123 315 1,426 1,755 U. S. Government securities: Bonds 379,9^0 2277,,2233^^ 100,223 32,675 33,425 19, ,623 15,502 4444,,339922 12,107 1144,,112222 19.677 1155,,7733^^ 33,520 Treasury notes l,443,3b3 103,456 323,222 124,124 145,96s 74,' 5j+3 52,910 162,534 52,781 53,372 74,742 59,770 127,335 Treasury bills 506,904 43,500 161,132 52,191 61,376 31, ,344 24,770 70,907 22,921 22,653 31,430 25,133 53,5^1 Total U.S.Govt, securities 2^0.227 174,190 645,243 202,990 245,769 125,510 99,132 223,933 115,309 90,707 125,255 100 , 537 21^,396 Total Mils and securities 2,466,865 1 7 7 ,6 5 2 , 1+ 16 214,511 247,536 122,593 99,330 225,96s 116,555 91,903 126,922 102,223 216,464 Due from foreign banks 220 17 24 21 20 10 2 26 U 3 6 6 15 F.R. notes of other 'banks 24,852 330 7,922 44l 1,349 2,656 1,509 3,166 1,575 1,049 1,222 518 2,939 Uncollected items 556,347 56,521 119,735 42,510 52,591 52,6l4 22,470 7^,272 24,651 12,092 32,221 22,559 27,735 Bank premises 42,067 3,113 10,260 5,079 6,525 2,919 2,224 4,233 2,453 1,53^ 3,361 1,526 3,530 All other assets 40,255 ^73 30,2o4 3,119 1,729 1,115 1,406 593 237 322 292 296 397 TOTAL ASSETS 12,043,652 353,724 U,132,655 791,1491 953,652 51M1S 377,520 2,105,974 410,9^7 227,533 431,006 300,620 867,656 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BUSKS ON NOVEMBER k, 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. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 256,761+ 301,552 396,5^9 205,575+ iss,30i+ 926,212 121,716 132,166 157,016 92,250 333,906 Deposits: Member "bank - reserve account b t 2,912,251 399,626 Ui+1,225 222,357 1^,292 l,031,Sl4S 176,1+70 120,601+ 223,260 15vi725 ^7,969 U.S.Treasurer - General account 693,359 1+07,1+66 7,796 7,0^+6 12,120 9,709 5,1+95 16,505 6,727 4,056 1,962 5,226 14,726 Foreign baiik: 9 ^ 4 6 , ,7 5 7 % 2 3 2 , , 1 5 + 2 6 1 ; 17,019 1+,35S ^,312 2,062 1,61+0 5,1+36 i,4o6 1,125 1,359 1,359 3,23^ Other deposits 153,316 3,^25 22,628 1,7^6 25,020 3,^13 2,219 1,295 2,392 1+.275 217 3,3SS 16,57s Total deposits 6,923,002 1+17,000 3,026,29!+ 412,236 1+22,737 237,5^1 15^,252 1,055,031+ 192,9^5 130,060 226,79s 169,29s 1+82,507 Deferred availability items 575,61+1+ 60,619 12U, 211 1+3,212 52,292 56,852 20,91+1 21,21+5 26,057 16,07s 37,450 27,416 27,471 Capital paid in 130,232 9,396 50,21+6 12,207 12,562 U,719 l+,2l+8 12,191 3,757 2,9^3 3,956 3,223 10,17s Surplus (Section 7) li+5,501 9,902 50,825 13,1+06 14,371 5,126 5,616 21,350 4,655 3,11+9 3,613 3,723 9,645 Surplus (Section 13 b) 27,OSS 2,87*+ 7,7^ ^,231 1,007 3,44s 75I+ 1,391 51+6 1,003 1,142 1,252 1,696 Reserve for contingencies 3^,237 1,513 3,21+9 3,000 3,111 1,289 2,563 7,573 S96 1,^27 239 1,328 1,31+9 All other liabilities 13,201 2S2 7,722 1+47 1+23 209 242 1,322 325 757 S70 1+0I+ TOTAL LIABILITIES 12,042,652 263,724 4,132,655 791,491 963,658 5ii+,8is 377,520 2,106,97*+ 1+10,91+7 287,523 431,006 300,620 2675656 Commitments to make industrial advances 22,57^ 2,1+07 9,267 253 1,^00 2,331+ 301 1+8 1,287 73 351 ^95 ^,352 MATURITY DISTRIBUTION OF BILLS AMD SECURITIES 91 days to Total Within 15 days ID to 30 days 31 to 60 days 6l to 90 days Over 6 monthi 6 months Bills discounted 7,077 5,250 565 788 319 155 Bills bo-ught 3,087 S3 261+ 17* 2,566 Industrial advances 25,1+71+ 1,035 1+57 677 9U9 2,002 21,35^ U.S.Government securities 2,430,227 3^,319 49,96s l6S,553 26,739 351,211+ 1,799,33^ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F3DSE&I RESERVE HOTS STATEM3ITT Oil 170V3EER 4, 1936 (In thousands of dollars) B-SCld Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F.H.agent ^,397.757 332,438 91+0,365 313,9^1 '420,985 216,932 207,484 950,281+ 188,868 135,1+51 166,360 100,71+0 373.909 Held "by Federal Reserve "bank 263,010 20,300 33,601 12,329 24,436 n,35S 19,120 24,072 7,152 3,285 S,34l+ gg 1+0,003 7i 0 In actual circulation 4,134,747 362,13" 856,7511 301,552 395,5^9 205.57U 183,304 926,212 181,716 132,165 157,016 92,850 333,906 Collateral held "by agent as security for notes issued to "bank: Gold certificates on hand and due from U. S. Treasury 1+,369,838 396,000 955,706 316,000 1+23,000 218,000 166,000 966,000 161,632 122,000 165,000 101,500 379,000 Eligible paper 5,289 572 4,182 86 75 2 — — 102 — 151 59 60 U. S. Gov't securities 93,000 -- 1+5,000 30,000 15,000 3,000 Total collateral 4,468,127 39^,572 959,388 3i6,os6 423,075 218,002 211,000 9^6,000 191,73^ 137,000 168,151 101,559 379,060 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis