H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Dec, H; of the federal Reserve^System not earlier* December 3> 1936 COltDITIOH OF FEDERAL RESERVE HilKS The daily average volume of Federal Reserve "bank credit outstanding during the weel: ended December 2, as reported by the Federal Reserve banks, was $2,^65,000,000, a decrease of $2,000,000 compared with the preceding v/eek and of $10,000,000 compared with the corresponding week in 1935• On December 2 total Reserve bank credit amounted to $2,467,000,000, an increase of $10,000,000 for the week. This increase corresponds with increases of $37,000,000 in money in circulation, $14,000,000 in Treasury cash and deposits with Federal Reserve "banks and $5,000,000 in nonmember deposits and other Federal Reserve accounts offset in part by a decrease of $20,000,000 in member bank reserve balances and increases of $26,000,000 in monetary gold stock and $2,000,000 in Treasury currency. Member bank reserve balances on December 2 were estimated to be approximately $2,210,000,000 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 December 2, 1936, were as follows: Increase or decrease since Dec. 2 Nov. 25 Dec, 4 1936 1936 (I11 millions of dollars) Bills discounted +1 Bills bought 3 -2 U. S. Government securities 2,430 Industrial advances (not including 22 million commitments - December 2) 26 -6 Other Reserve bank credit 2 +10 +5 TOTAL RESERVE BA1K CREDIT 2,467 +1Q -3 Monetary gold stock 11,108' +26 +1*179 Treasury currency 2,522 [ +2 +30 Money in circulation 6,466 +37 +623 Member bank reserve balances 6,775 -20 +S70 Treasury cash and deposits with F. R, banks 2,463 +l4 -lb3 Honnember deposits and other F. R. accounts 472 +5 -73 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Seleased for publication Friday morning, December 4,1936; not earlier. B-SOla ASSETS A1TD LIABILITIES OP THE TWELVE PEDEPAL KSSEHYE BA1IKS COMBINED (in thousands of dollars) Dec. 2, 1956 ITov. 25, 1936 Dec. 4,1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 8,811,021 8,768,838 7,410,351 Bedemption fund - p. R. notes 11,407 H»407 17,524 Other cash 246,357 247,458 225,445 Total reserves 9,068,785 9,027.703 7,653,320 Bills discounted: Secured by U.S.Gov't obligations,direct or fully guaranteed 4,351 4,211 2,360 Other bills discounted 1,987 1,854 3,008 Total bills discounted 6,338 6,065 5.368 Bills bought in open market 3,087 3,086 4,675 Industrial advances 25,696 25,980 32,395 U. S. Government securities: Bonds 381,326 381,326 219,948 Treasury notes 1,449,163 1,449,163 1,630,725 Treasury bills 599,738 599,738 579.508 Total U.S. Government securities . 2,430,227 2,430,227 2,430,181 Other securities — — 181 Total bills and socurities . . .. 2,465,348 2,465,358 2,472,800 Due from foreign banks 221 221 644 P. a. notes of other banks 23,823 25,464 18,550 Uncollected items 651,945 615,194 543,286 Bank premises 4s,0o6 48,066 50,279 All other assets 43,285 42,673 43,413 TOTAL ASSETS 12,301,473 12,224,679 10,782,292 L I A B I L I T I ES P. H. notes in actual circulation . . . 4,202,799 4,169,201 3,648,243 Deposits: Member bank - reserve account . . .. 6,775,236 6,794,650 5,905,115 U.S.Treasurer - General account . . . 109,628 79»079 42,672 Foreign bank 59,405 53,955 39,109 Other deposits 152.320 152,525 244.335 Total deposits 7,096,589 7,080,209 6,231,231. Deferred availability items 650,064 623,656 547,l49 Capital paid in 130,275 130,247 130,437 Surplus (Section 7) 145,501 145,501 144,893 Surplus (Section 13b) 27,088 27,088 23,457 Reserve for contingencies . 34,251 3m-,290 30,701 All other liabilities . . .. 14^906 14,487 26,181 TOTAL LIABILITIES 12,301,473 12,224,679 10,782,292 Hatio of total reserves to deposit and P. H. note liabilities combined . . . 80.3$ 80.3$ 77*5$ Commitments to make industrial advances 21,544 22,040 27,719 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AMD LIABILITIES 0F THE FEDERAL RESERVE BAMS ON DECEMBER 2, 1936 (In. thousands of dollars) B-SOlb A S S E TS Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury g,sii,02i 579,2^6 3,396,137 4so,6oi 6Us,ss5 292,996 21+3,1+79 1,701,363 25M97 123,270 248,903 170,261+ 605,180 Redemption fund - F.R. notes 11,407 1,559 973 192 672 239 2,362 577 1,619 60S 720 227 1,567 Other cash 21+6,357 22,687 56,337 27,988 21,1+1+5 ii+, 1+1+5 12,1+89 25,31+8 16,561 7,097 il+,i+75 7,335 19,600 Total reserves 9,068,735 603,1+92 3,^53,^7 50s,727 671,002 313,680 252,336 1,727,722 272,877 191,055 261+.093 177,226 626,31+7 Bills discounted: Secured by U.S.Gov't obligations, direct or fully guaranteed 4,351 132 33,,118866 331100 6600 52 Pr 75 151 — 285 — 25 Other bills discounted l,9S7 37 1,1+62 1+7 1+6 22 52 12 56 21 35 Total bills discounted 6,332 169 i+, 61+8 357 106 7^ 221 133 196 12 3^1 21 60 Bills bought in open market 3,087 225 1,099 317 29!+ 120 108 335 86 61 27 27 213 Industrial advances 25,696 2,914 6,301+ l+,93l+ 1,218 2,7^2 1+39 1,509 1+87 1,039 801+ 1,397 1,209 U.S.Government securities: Bonds 3^1,326 27,332 101,21+5 32,793 32,563 19,69^ 15,563 ^,552 18,171 1M33 19,7^3 15,791 33,61+1 Treasury notes 1,1+1+9,163 103,271 38l+,763 12M22 11+6,555 7MI+3 59,1^7 169,311 69,05s 5>+,089 75,01+8 60,010 127,21+6 Treasury bills 599,732 >+2,927 159,235 51,575 60,651 30,973 21+.1+7S 70,070 22,520 22,335 "tt.059 52,909 Total U.S.Gov't securities 2,1+30,227 17M90 61+5,21+3 208,990 21+5,769 125,510 99,128 223,933 115,S09 90,707 125,255 100,637 2ii+,396 Total bills and securities 2,1+65,31+s 177,^92 657,291+ 21I+, 592 21+7,3271 22,1+1+6 100,006 285,96© 116,57s 91,269 127,037 102,11+2 216,1+83 Due from foreign banks 221 17 25 21 20 10 8 26 1+ 3 6 6 15 F.R.notes of other banks 23,223 365 6,339 677 1,^97 1,939 1,639 2,206 2,131 1,121 1,376 569 3,961+ Uncollected items 651,91+5 69,362 152,521 52,221 62,858 56,01+H 22,213 86,61+0 30,516 16,911 36,1+l+S 2I4,667 35,5^ Bank premises 1+8,066 3,113 10,860 5,078 6,525 2,919 2,281+ M33 2,1+53 1.53& 3,361 1,526 3,520 All other assets 1+3,285 1+81 33,1+50 2,803 1,765 1,200 1,1+38 567 225 296 307 366 .., 327 TOTAL ASSETS 12,301,1+73 S5'4,32S H,320,01+6 7SH,1S5 991,05^ 50l+,23S 325,92*+ 2,103,020 i+2i+,73i+ 302,729 1+32,683 307,102 SC6,320 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AITD LIABILITIES OP TEE FEDERAL RESERVE BAKES Oil DECEMBER 2, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston ITew York PMla. Cleve, Rich.. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. P.R.notes in actual circulation 4,202,799 367,727 883,535 307,56s 403,44i 207,397 126,09s 9*1,127 123,049 135,3l4 159,2*0 93,23* 333,919 Deposits: Member bank - reserve account 6,775,236 321,1492 2,997,7S* 3S2,355 450,176 217,S3S 151,091 1,013,113 1S7,S73 131,921 221,415 166,967 46s,i5i U.S.Treasurer - General account 109,023 3,662 60,617 3,5l6 13,519 2,121 2,101 6,792 1,952 3,^36 2,716 3.S66 5,270 Foreign "bank 59, U05 *,29i 22,5s2 5,393 5,335 2,551 2,030 0,727 1,739 1,392 1,632 1,622 4,001 0ther deposits 152,320 3,726 72,^29 3,QS7 24,936 4,034 io,*S5 1,719 7,731 4,135 197 3,136 16,655 Total deposits 7,096,539 393,171 3,153,^12 39*,351 494,026 226,594 165,707 1,033,351 199,295 140,944 226,010 175,651 494,077 Deferred availability items 6§o,o64 69,393 156,380 4s,90i 62,004 55,3*1 20,675 89,704 32,230 16,735 37,033 27,110 34,50s Capital paid in 130,275 9.3S6 50,259 12,224 12,569 4,716 *,25S 12,205 3,761 2,9*7 3,95* 3,S22 10,174 Surplus (Section 7) 145,501 9,902 50,825 13,406 1*,371 5,186 5,616 21,350 4,65^ 3.1*9 3,613 3,7S3 9,645 Surplus (Section 13 b) 27,oss 2,87* 7,7** *,231 1,007 3,44s 75* 1,391 546 1,003 1,142 1,252 1,696 Reserve for contingencies 3*. 251 1,513 2,849 3,000 3,110 1,305 2,563 7,573 S98 1,*15 s4s 1,328 1,849 All other liabilities 14,906 362 s,992 50* 526 251 251 1,319 350 112. 245 922 *5§ TOTAL LIABILITIES 12,301,473 854,328 4,320,046 784,185 991,054 504,23s 3S5,924 2,10s,020 424,784 302,789 432,633 307,102 886,320 Commitments to make industrial advances 21,5** 2,172 8,851 242 1,354 2,360 294 47 1,160 73 34I 492 4,158 MATURITY DISTRIBUTION OP BILLS AED 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 6,338 5,082 272 311 145 523 Bills bought 3,037 l,S95 587 471 Industrial advances 25,696 1,022 407 668 962 1,695 20,942 U.S.Government securities 2,430,227 121,372 29,281 26,739 151,028 278,^49 1.S23.35S Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT Oil DECEMBER 2, 193 6 (in .thousands of dollars) 3-801d Total Boston Hew York Fhila. Cleve, Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank Dy F.R.agent ^97,999 390,123 9^9,^53 323,9^0 429,H7S 220,317 208,099 972,927 191,138,769 169,751 101,675 381, Held "by Federal Reserve bank 295,200 22,396 85,868 l6,372 26,037 12,920 22,001 31,800 2,955 9,911 8,1^1 ^8,065 In actual circulation 1^202,799 367,727 883,585 307,56s 403,44i 207,397 186,098 9^1,127 183,0^9 135,814 159,sHo 93,234 333,919 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 4,464,838 396,000 980,706 325,000 433,000 221,000 166,000 986,000 166,632 131,000 l6S,000 102,500 389,000 Eligible paper 4,695 132 3,39^ 310 60 52 163 75 152 — 326 6 25 U. S. Gov't securities 88,000 — ~ 45,000 — 30,000 10,000 3,000 — = Total collateral 557,533 396,132 984,100 325,310 433,060 221,052 211,163 926,075 196,784 i4i,000 171,326 102,506 389,025 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis