H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-SOl Friday morning, April 2J; Federal Reserve Board not earlier April 26, 1931+. # CONDI TI017 OF FEDERAL RESERVE BAFKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended April 25 as reported "oy the Federal Reserve ba^ks, \ms $2,^0k 000 000 1 9 9 $ unchanged from the preceding week and $^7,000,000 atiove the average for the corresponding week in 1933* On April 25 total Reserve hank credit amounted to $2,Ug6,000,000 a decrease t of $7 000,000 for the week* This decrease corresponds with decreases of f $23,000,000 in money in circulation and $56»OOO OOO in Treasury cash said deposits t with Federal Reserve "banks and an increase of monetary gold stock, offset in part by an increase of $79t0°°>000 in member bank reserve balances. The System*s holdings of bills discounted and of United States bonds were practically -unchanged from last week. Holdings of bills bought in open market declined $3,000,000 and of Treasury certificates and bills $13,000,000, while holdings of United States Treasury notes increased $13,000,000 # Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended April 25, 193^» were as follows: Increase or decrease since April 25 April IS April 2! I??1* 1933 (In millions of dollars) Bills discounted Ho — -3^5 Bills bought 10 -3 -167 U # S # Government securities 2,^30 +593 Other Reserve bank credit 5 - 7 TOTAL RESERVE BANK CREDIT -7 +7^ Monetary gold stock 7,755 +9 +3,732 Treasury and National bank currency 2,3G0 -1 Money in circulation 5,32H -23 -3S3 Member bank reserve balances 3»7^s +79 +1,612 Treasury cash and deposits with F.R.banks 3,1^ -56 +2,777 Nonmember deposits and other F#R.accounts too -127 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, ipril 27,1934; not earlier. B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Apr. 25.193*+ Apr. lg, 193*1 Apr.26,1933 A S S E TS Gold certificates on hand and due from U. S. Treasury 4,490,358 4,476,979 931,605 Gold -- — 2,400,862 Redemption fund - F. R. notes . . .. 31,498 31,498 63,871 Other cash 241,262 224,832 328,818 Total reserves 4,763,118 4,733,309 3,725,156 Redemption fund - F. R. "bank notes . 7,768 8,226 3,293 Bills discounted: Sec. "by U.S.Government obligations 7,903 *8,44l 93,434 Other bills discounted 32,410 *32,032 291,567 Total bills discounted . . .. 40,313 40,473 385,001 Bills bought in open market 10,163 13,499 177,450 U.S. Government securities: Bonds 406,204 4O6,277 421,476 Treasury notes 1,221,099 1,207,603 506,083 Certificates and bills 802,870 816,384 909,513 Total U.S. Govt, securities . . 2,430,173 2,430,264 1,837,072 Other securities - e;l!g 562 5,451 Total bills and securities . . . 2,481,197 2,484,798 2,404,974 Dae from foreign banks 3,131 3,130 3,656 F. R. notes of other banks 17,317 15.905 20,355 Uncollected items 428,684 493,347 318,392 Bank premises 52,558 52,556 54,134 Fed. Dep. Ins. Corp. stock 139,299 139,299 All other assets 43,078 4-1,879 46,242 7,936,150 6,576,202 TOTAL ASSETS 7,972,449 L I A B I L I T I ES F. R. notes in actual circulation . . 3,Q30,2l6 3,029,647 3,424,114 F. R. bank note circulation - net . . 77,767 83,102 36,798 Deposits: 3,669,177 Member bank - reserve account . . . 3,748,195 2,135,808 Government 17,644 68,977 37,165 Foreign bank 5,^47 4,565 26,810 Other deposits 157,318 158,178 l45,66g Total deposits 3,928,504 3,900,897 2,345,45i Deferred availability items 427,495 488,075 315,218 Capital paid in 146,449 146,353 150,330 Surplus 13s,3S3 138,383 278,599 Reserves (F.D.I.C. stock, self insurance, etc.) 161,829 161,829 12j206 All other liabilities 25 507 24,133 13,486 1 7,.936,150 6,576,202 TOTAL LIABILITIES 7,972,449 Ratio of total reserves to deposit and F. R. note liabilities combined . . 68.4$ 68.3$ 64.6$ Contingent liability on bills purchased 4,669 48,280 for foreign correspondents . . .. 4,669 •Revised figures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AFD LIABILITIES 0? THE FEDERAL RESERVE 3AITHS 017 APRIL 25, I93I+ A S S E TS (In thousands of dollars) B-SOlb Total Boston TTew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kalis.Cy. Dallas San Fran Gold certificates on hand and due from U. S. Treasury M90,358 356,602 1,1+76,282 253,295 3*4-2,99*4- 217,UsU 118,681 9 27,9146 187,8142 98,022 147,061+ 86,870 277,276 Redemption fund - F. R. notes 3i,*6S 2,603 2,1427 3,217 3,199 1,1453 2,957 7,056 1,166 1,113 730 656 14,921 Other cash 2*41,262 16,602 66,91+7 35,395 13,1214 9,61+1 12,086 33,961+ 10,0l49 11,326 11,050 6,702 1*4,376 Total reserves U, 763,11s3 75,207 l,5^5,656 291,907 359,317 228,57s I33,72l4 968,966 199,057 110,1+61 158,3141+ 9*4,228 296,573 Redemption fund - F.R.bank notes 7,763 1,250 2,35^ 35s 1,215 — 269 — 1+31+ 150 i+7H 761+ Bills discounted: Sec. "by U.S.Govt., obligations 7,903 11**1188 ii++,,555599 1,552 505 239 119966 51 18S > 15 8 116677 Other bills discounted 32,*410 80S 1M16 11,1426 1,653 1,283 533 1,159 35 1+79 263 2ll+ 386 Total bills discounted to, 313 1,226 18,675 12,97s 2,15s 1,522 729 1,210 273 1+8*+ 283 222 553 Bills bought in open market 10,163 600 2,331 937 S57 372 1+1+1+ 1,162 252 226 323 1,731 928 U.S.Government securities: Bonds HOo,20*+ 22,991 1149,330 25,603 30,2U6 13,287 12,252 6677,,11++9900 13,662 15,797 13,199 13,730 23,617 Treasury notes 1,221,099 81,087 39l,9lS 85,609 110,037 148,328 l+i+,530 216,6ss *47,SS5 29,99S 1+7,3*4S 31,75*4 35,917 Certificates and bills 802,870 53,602 2145,507 55,908 72,7*42 31,9*47 29,^36 153,165 31,653 19,825 31,297 20,991 56,797 Total U.S.Govt, securities 2,1130,173 157,680 786,755 167,120 213,025 93,562 36,218 *437,3*+3 93,200 65,620 91,3141+ 71,U75 166,331 Other securities 5I+S — 140 50s — — — — — — — — Total bills and securities 2,1+31,197 159,506 807,801 181,51+3 216,0U0 95,^56 37,391 *439,715 93,725 66,3P 92,1450 73,1+28 167,212 Dae from foreign banks 3,131 237 1,193 314-2 301 119 110 l+ll+ 10 7 OO Ob 222 P.R.notes of other banks 17,317 392 14,145s 3SS 1,275 1,181 1,123 3,261+ l,20l+ 351 1,755 26s 1,658 Uncollected items l+2S,6Sl+ 145,702 106,792 314,306 142,370 35,290 13,037 57,012 13,585 10,2lU 24,999 17,267 23,110 Bank premises 52,55S 3,22U 11,14314 14,131 6,73s 3,128 2,372 7,382 3,112 1,657 3,*4S5 1,755 i+,090 Fed. Dep . Ins. Corp. stock 139,299 10,230 142,529 IH,621 114,1147 5,808 5,272 19,7*49 5,093 3,510 14,131 *4,359 9,350 All other assets l43,07S 903 26,507 14,720 1,1463 2,006 2,61+2 993 353 1,207 51+5 1,057 677 TOTAL ASSETS 7»936,150 597,251 2,51+3,721+ 532,S16 61+2,916 371,566 21+5,91+0 1,^97,500 321,573 193,737 226,1+1+7 192,92I+ 50^,756 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS I&D LIABILITIES OF THE FEDERAL RESERVE 3MKS OH APRIL 25, 1934 L I A B I L I T I ES (In thousands of dollars) B-SOlc Total Boston Few York Phila. Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans.Gy. Dallas San Fran, F.R.notes in actual circulation 3,030,216 242,545 626,705 21+3,266 302,324 1^1,077 129,604 772,055 133^58 95,391 106,556 39,29^ 197,9^1 F.R.bank note circulation - net 77,767 2,306 42,373 7,21+3 12,330 — 1,257 3,223 — 2,217 3,030 2,733 Deposits: Member bank - reserve account 3,7^8,195 269,972 1,561,61s 137,453 235,931+ 162,605 72,371 595,539 124,705 69,035 132,321+ 110,22s 225,301 Government 17,644 136 1,105 226 377 190 1,173 553 3,039 1,21+5 323 9 l+,207 Foreign bank 5,3^7 305 2,57c 1+1+0 1+06 161 i4s 533 l4o 97 119 119 301 Other deposits 157,313 4,031 1+2,616 ii+,96i •17' , 693 15,146 10,49c 12,361+ 16,306 6,615 5,717 2,31+1 17.9S0 Total deposits 3,928,501+ 27^/491+ 1,607,917 203,030 244,460 178,102 34,696 609,494 149,740 76,992 133,5^3 112,697 243,239 Deferred availability itens 1+27,1+95 1+5,583 105,083 32,1+22 39,403 35,15!+ 12,583 57,205 19,489 10,170 26,116 20,621 23,661 Capital paid in 11+6,1+1+9 10,697 59,72U 15,686 12,636 4,1+26 12,543 3,992 3,001 4,166 3,962 10,648 Surplus 138,383 9,610 1+5,217 13,352 ii+,090 5,171 5,145 20,681 4,756 3,*+20 3,613 3,683 9,645 Reserves (F.D.I.C. stock, self insurance, etc.) 161,829 11,283 1+7,266 17,121 16,1+1+7 6,963 7,84s 22,718 5,9^6 '4,535 5,^90 11,465 All other liabilities 25,507 728 13,939 6U6 676 131 381 2,804 964 228 489 31b TOTAL LIABILITIES 7,936,150 597,251 2,51+3,721+ 532,316 61+2,916 371,566 21+5,91+0 1,1+97,500 321,573 193,737 236,1+1+7 192,921+ 504,756 Ratio of total reserves to deposit and F.R.note liabilities combined 68,4 72.7 69.2 65.1+ 65.7 71.6 62.1+ 70.1 70.3 61+.1 61+. 3 62.0 66.5 Contingent liability on bills purchased for foreign correspondents 4,669 355 1,^0 513 1+7U 133 173 622 163 lll+ 133 133 351 MATURITY DISTRIBUTION OF BILLS At© SHORT TERM 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 to, 313 30,ll+6 1,330 6,311+ 1,251 181 1+1 Bills bought in open market 10,163 1+,111 2,0l+S 293 3,706 Certificates and bills 302,370 115,530 ^3,975 103,361 21,330 287,1+91+ 230,630 Municipal warrants 5I+S 503 5 35 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE TOTE STATEMENT OK APRIL 25, I93H (In thousands of dollars) B-801d Total Boston New York phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, Federal Reserve notes: Issued to F.R.bank "by F.R.Agent 3,310,532 261,170 720,^59 258,850 317,1+so 151,'lug 1U7,86s 808,238 139,016 100,278 llU.325 UU/4U6 2H6.9SU Held "by Federal Reserve bank 280,316 12,625 93,75^ 15,58^ 15,156 10,31+1 18,261+ 36,183 5,55s M S7 7,769 5,152 1+9,01+3 In actual circulation 3,030,216 242,5^5 626,705 2U3,266 302,32*+ 11+1,077 129,601+ 772,055 133,^52 95,391 106,556 39,291+ 197,9^1 Collateral held "by agent as security for notes issued to "bank*• •• Gold certificates on hand and due from U.S. Treasury 2,989,271 261,117 723,706 205,000 256,931 152,340 94,385 77^^77,,551133 113333,,993366 79,615 102,290 11++33,,667755 118888,,776633 25,296 11,605 1,662 1,086 819 682 391+ 271 1,812 9lU Eligible paper 1,363 i+,339 3U9 50,000 60,000 55,000 65,000 6,000 22,1+00 15,000 58,000 U. S. Govt, securities 331,^00 — — Total collateral 3,3^5,967 262,1+30 735,311 259,339 31S,593 153,^26 150,204 813,195 1^0,330 102,286 117,639 1+5,1+87 21+7,677 FEDERAL RESERVE BJJIIK NOTE STATEMENT OF APRIL 25, I93U (In thousands of dollars) Total Boston Few York Phila. Clevo. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran Federal Reserve bank notes: 1,1+69 Issued to F # R.bank( outstanding) 95,727 3,5H '47,333 16,035 13,355 — 2,1+02 3,639 306 185 609 1,721 Held by Federal Reserve bank 18,020 1,205 U.515 8,792 1+75 212 — 2,306 3,228 In circulation - net* 77,767 1+2,873 7,2U3 12,8D0 1,257 — 2,217 3,030 2,733 Collateral pledged against * outstanding notes: Discounted and purchased bills 20 — — -- — 11 ~ 9 — — — 5,000 16,500 2,000 5,000 3,000 7,000 15,000 U. S. Govt* securities 117,77^ 15,000 — Total 117,79^ 5,ox> 1+9,271+ 16,500 15,000 2,011 5,009 3,000 7,000 15,000 •Does not include $37,877,000 of Federal Reserve bank notes for the retirement of which Federal Reserve banks have deposited lawful money with the Treasurer of the United States. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis