H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS Released for publication Board of Governors Friday morning, Nov. 13; of the Federal Reserve System not earlier November 12, 193& # C0EDITI01T OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve "bank credit outstanding during the week ended November 10 as reported by the Federal Reserve banks, was f $2,^75,000,000, an increase of $1,000,000 compared with the preceding week and a decrease of $9,000,000 compared with the corresponding week in 1935* On November 10 total Reserve bank credit amounted to $2,^70,000,000, an increase of $22,000,000 for the week. This increase corresponds with increases of $132,000,000 in member bank reserve balances and $15,000,000 in money in circulation, offset in part by an increase of $1+7,000,000 in monetary gold stock and decreases of $66,000,000 in Treasury cash and deposits with Federal Reserve banks, and $9,000,000 in nonmombor deposits and other Federal Reserve accounts. Member bank reserve balances on November 10 were estimated to be approximately $2,260 ,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 we el: and the year ended November 10, I93S, were as follows: Increase or decrease since Hov. 10 ITov. 4 Hov. 13 . • 1935 (In millions of dollars) 7 Bills discounted -2 Bills "bought 3 -2 U. S, Government securities 2,430 Industrial advances (not including 22 million commitments - ITovomber 10) 26 -7 Other Reserve "bank crodit 3 +22 -13 TOTAL RESERVE BA'JX CREDIT 2^70 +22 -22 Monetary cold stock 11,105 +47 +1.358 Treasury currency 2,516 +1 +117 Money in circulation 6,393 +15 +647 Member bank reserve balances 6,325 +132 +1,079 Treasury cash and deposits with F.R.banks 2,4-21 -66 -220 Ilonmember deposits and other F.R. accounts 453 -9 -53 $3-201) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, ITovember 13,1936; not earlier. B-SOla ASSETS A1JD LIABILITIES OP THE TWELVE FEDERAL RESERVE BAMS COIffillED (In thousands of dollars) Ho v. 10,1936 ITov. 4,1936 Nov. 13,1935 ASSETS Gold certificates on hand and due from U. S. Treasury 2,726,337 8,650,337 7,124,156 Redemption fund - P. R. notes . . .. 11,853 11,35^ IS,595 Other cash 243,801 249,355 234,585 Total reserves 8,981,991 8,911,546 7,377,336 Bills discounted: Secured by U.S.Gov't obligations,direct or fully guaranteed 4,128 4,l42 5,569 Other bills discounted 2.735 2,935 3,497 Total bills discounted 6,866 7,077 9,066 Bills bought in open market 3,086 3,087 4,677 Industrial advances 26,281 26,474 32,689 U. S. Government securities: Bonds 379,960 379.960 230,001 Treasury notes 1,443,363 1,443,363 1,644,009 Treasury bills 6o6,9Q4 6q6,904 336,162 Total U.S. Government securities . . 2,430,227 2,430,227 2,430,172 Other securities — — jgi Total bills and securities 2,466,460 2,456,865 2,476,785 Due from foreign banks * 220 220 64l P. R. notes of other banks 23,289 24,352 22,139 Uncollected items 573,938 556,847 696,940 Bank premises 4g,067 48,067 50,220 All other assets 40.983 40,255 4-2,057 TOTAL ASSETS 12,134,953 12,048,652 10,666,118 L I A B I L I T I ES P. R. notes in actual circulation . . 4,142,981 4,134,747 3,562,087 Deposits: Member bank - reserve account . . .. 6,824,565 6,693,359 5,745,948 U.S.Treasurer - General account . . . 54,589 9^,5% 77,772 Foreign bank 4S,,S04 46,773 26,131 Other deposits i42,44p 153.316 222.758 Total deposits 7,070,398 6,988,002 6,072,609 Deferred availability items 570,910 575,644 682,195 Capital paid in 130,219 130,232 130,363 Surplus (Section.7) 145,501 145,501 144,893 Surplus (Section 13b) 27,038 27,088 23,457 Reserve for contingencies 3^,291 34,237 30,699 All other liabilities 13.565 13,201 19.815 TOTAL LIABILITIES 12,134,953 12,048,652 10,666,118 Ratio of total reserves to deposit and P. R. note liabilities combined . . . gO.l# SO.lfi 76.6$ Commitments to make industrial advances 22,438 22,574 27,373 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS HID LIABILITIES 0? CHE FEDERAL RESERVE BA13KS Oil NOVEMBER 10, 1936 (In thousands of dollars) B-oOlb A S S E T S Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due fromU. S. Treasury 8,726,337 571.124- 3,321,229 497,834 638,707 299,674 238,256 1,717,645 257,258 172,814 249,929 163,650 592,097 Hedemption fund - F.B. notes 11,853 1,627 1,304 362 821 327 2,487 745 6bl 709 779 26l 1,710 other cash 243,801 27,963 62,435 29,633 19,446 14,245 10,850 22,242 13,222 6,44o 13,237 7,178 16,310 Total reserves 8,981,991 600,714 3,325,022 527,229 658,974 31^,306 251,593 1,7^0,632 271,7^1 179,963 264,005 171,089 616,117 Bills discounted: Secured by U.S.Gov't obligations • direct or fully guaranteed 4,128 612 33,,115566 ^^55 so 2 — • m • 101 — 70 2 60 Other bills discounted 2,732 37 2,251 46 22 17 52 12 115 53 35 Total bill3 discounted 6,866 649 5,407 92 126 24 17 52 i46 12 185 55 95 Bills bought in open market 3,086 225 1,092 317 294 120 108 325 S6 61 27 27 218 Industrial advances 26,281 2,909 6,473 5,023 1,346 2,826 514 1,554- 514 1,120 S15 i,4l4 1,773 U„ S. Government securities: Bonds 379,960 2277,,223344 100,883 3322,,667755 32,425 19,623 15,50S 4444,,339922 18,107 1144,,118822 19,677 1155,,7733**++ 33,520 Treasury notes 1,443,363 103,456 383,222 124,124 145,968 74,543 52,910 168,634 6s,781 53,272 74,74s 59,770 127,335 Treasury bills 606,904 43,500 161,138 52,191 61,37b 31,3^4 24,770 70,907 28,921 22,653 31,^30 25,133 53,541 Total U.S.Govt, securities 2,430,227 174,190 645,243 208,990 245,769 125,510 99,122 283,933 115,209 90,707 125,855 100,637 214,396 Total bills and securities 2,466,460 177,973 658,221 214,422 247,535 128,480 99,227 285,930 116,555 Due from foreign "banks 220 16 25 21 20 10 S 26 4 3 6 15 E.R. notes of other banks 23,289 351 6,620 465 1,240 3,337 1,544 2,399 1,413 90s 1,261 792 2,953 Uncollected items 573,932 55,279 129,920 37,300 57,130 56,797 25,10s 72,324 2d,4S8 16,5S6 36,912 25,305 34,063 Bank premises 48,067 3,113 io,s6o 5,079 5,525 2,919 2,284 4,233 2,453 1,53^ 3,36l 1,526 3,520 All other assets 40,988 479 30,902 3,176 1,695 1,223 1,325 595 277 316 270 321 349 TOTAL ASSETS 12,134,953 232,525 4,221,696 788,292 973,119 507,072 321,7^9 2,106,799 418,931 291,210 432,763 301,232 873,559 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AITD LIABILITIES OF THE FEDERAL RESERVE BA1KS Oil IIOV313ER 10, 193b (In thousands of dollars) B-801c L I A B I L I T I ES Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kalis.Cy. Dallas San Fran. F.R.notes in actual circulation 4, 1^2,921 362,672 850,471 303,590 4o4,483 205,706 187,871 930,701 I8i,i64 132,261 156,701 92,137 335,224 Deposits: Member bank - reserve account 6,824,565 3S1.3H 3,013,2^7 4o4,S85 445,270 220,571 149,150 1,050,763 127,605 126,876 226,946 162,906 455,029 U.S.Treasurer - General account 5^,5S? 6,301 15,990 3,999 6,805 5,575 1,567 171 3,20S 1.3W 1,708 4,260 3,659 Foreign "bank 48,804 3,468 19,045 4,35s 4,312 2,062 l,54o 5,436 i,4o6 1,125 1,359 1,359 3,234 Other deposits 142,440 4,787 70,063 1,432 24,204 3,215 1,59^ 7,5^2 4,301 232 3,039 18,448 3,533 Total deposits 7,070,39s 395,367 3,118,345 4i4,674 480,591 231,423 155,946 1,057,964 199,761 133,648 230,245 171,564 480,370 Deferred availability items 570,910 56,020 127,708 36,331 56,560 55,093 24,510 74,226 27,755 16,039 36,070 26,446 34,152 Capital paid in 130,219 9,397 50,239 12,207 12,569 4,716 4,24s 12,191 3.J5I 2,944 3,952 3,323 10,176 Surplus (Section 7) 145,501 9,902 50,825 13,4O6 14,371 5,186 5,6 75 i6 4 21,350 3,149 3,613 3,733 9,545 Surplus (Section 13 b) 27,088 2,874 7,744 4,231 1,007 3,448 1,391 1,003 1,142 1,252 1,596 Reserve for contingencies 34,291 1,513 3 ,849 3,000 3,110 1,293 2,563 7,573 946 1,427 c4o 1,328 1,849 All other liabilities 13,565 280 7,515 353 428 207 241 1.403 itL 200 4117 TOTAL LIABILITIES 12,134,953 833,525 4,221,696 788,292 973,119 507,072 381,749 2,106,799 418,931 291,210 432,763 301,23s 873,559 Commitments to make industrial advance s 22,433 2,406 9,262 248 1,396 2,326 300 48 1,287 7*+ 351 495 4,245 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 5,866 5,130 511 860 209 156 Bills bought 3,086 i4i 204 227 2,51^ Industrial advances 26,281 852 ^33 880 721 2,054 21,341 U.S.Government securities 2,430,227 42,362 44,586 156,053 43,749 340,964 1,802,513 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE HOTE STATEMENT OIT EOVEMBER 10, 1936 (in thousands of dollars) B-SOld Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by FJl.agent 4,UU3,26l 38^,503 956,887 314,361 1+28,363 218,591 207,927 956,^0 190,094 136,8^6 167,^50 101,134 380,6^5 Held by Federal Reserve bank 300,280 21,831 106,Hl6 10,791 23,880 12,885 20,056 25,739 3,930 585 10,7^9 3.937 ^5,421 In actual circulation 1^2,981 362,672 850,1+71 303,590 4o4,HS3 205,70b 187,871 930,701 181,l6H 132,261 156,701 92,137 335,224 Collateral held by agent as security for notes issued to bank; Gold certificates on hand and due from U. S. Treasury 4,395,838 396,000 965,706 318,000 430,000 219,000 166,000 966,000 161,632 123,000 165,000 101,500 384,000 Eligible paper 5,147 612 4,034 46 SO 2 -- 102 — 171 40 60 U. S. Gov't securities S3.000 — — -- — — 45,000 — 30,000 15,000 3,000 Total collateral 4,493,935 396,612 969,740 31s,o46 1+30,080 219,002 211,000 966,000 191,734 133,000 l6S,171 101,540 384,060 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis