H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PBESS Released for publication B-801 Friday morning, June 8; Federal Reserve Board not earlier* June 7t 193^» CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended June 6, as reported by the Federal Reserve banks, was $2,^70,090,000^ a decrease of $U,000,000 compared with the preceding week and an increase of $250,000,000 compared with the corresponding week in 1933• On June 6 total Reserve bank credit amounted to $2,475,000,000, an increase of $5,000,000 the week. This increase corresponds with increases of $24,000,000 in member bank reserve balances, $4,000,000 in money in circulation and $2,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $6,000,000 in Treasury and National bank currency, offset in part by a decrease of $17,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $1^,000,000 in monetary gold stock. The System's holdings of bills discounted declined $5,000,000 and of United States Treasury notes $2,000,000, while holdings of Treasury certificates and bills increased $2,000,000. Changes in the amount of Reserve bank credit outstanding and in -related items during the week and the year ended June 6, 193*+, were as follows: Increase or decrease since June 6 May 3° 7 JVZIB 193*1 19^ 1933 (In millions of dollars) Bills discounted 29 -5 -2K8 Bills bought - 6 5 U, S. Government securities 2,^30 +518 Other Reserve bank credit 10 +9 .- 5 TOTAL RESERVE BANK CREDIT 2.^75 +261 Monetary gold stock 7,790 +1U +3,761 Treasury and National bank currency 2,365 -6 + 69 Money in circulation 5,3^2 + 1+ -138 Member "bank reserve balances 3,727 +2K +1,583 Treasury cash and deposits with FR*banks 3,034 -H +2,727 # Nonmember deposits and other FR*accounts K6I + 2 -SI # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

uo,t Released, for publication Friday morning, June earlier. B-801a .1SSETS AKD LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMB IKED (in thousands of dollars) June 6.1934 May 30.1934 June 7.1933 A S S E TS Gold certificates on hand and due from U. S. Treasury 4,706,157 4,648,031 961,977 Gold * • • » « « * • » » •• » • • « •• 2,514,484 — Redemption fund - F. R. notes . . . .. 30,010 29,774 45,524 Other cash 223,321 223.880 290.192 Total reserves 4,959 ,4ss 4,901,685 3,812,177 Redemption fund - F. R. bank notes . , , 4,720 7,242 Bills discounted: Sec. by U.S.Government obligations . , 5,61s 9,038 55.335 Other bills discovinted 24.662 221.330 23,379 Total bills discounted . . . .. 22,997 33,700 276^665 Bills bought in open market . . . . .. 5,221 5,17s il,4ii U. S, Government securities: Bonds 406,258 406,194 441,103 Treasury notes . . . . .. 1,214,508 1,216,490 675,532 Certificates and bills . . 809.470 807,470 794,968 Total U.S.Government securities 2,430,236 2,430,154 1,911,603 Other securities 534 535 5,029, Total bills and securities . . . 2,464,983 2,469,567 2,204,708 Due from foreign banks 3,122 3.125 3,810 F. R. notes of other banks 18,451 15.382 19,282 Uncollected items . 435,751 397,257 334,699 Bank premises 52,609 52,602. 54,312 Fed, Dep. Ins. Corp. stock 139,299 139.299 — All other assets . .. 49.090 , 48,57.7 49.300 TOTAL ASSETS - 8,127,232 8,032,214 6,485,530 L I A B I L I T I ES F. R. notes in actual circulation . . . 3,068,807 3,051,604 3,163,689 F. R. bank note circulation - net . . . 58,748 60,422 104,884 Deposi ts: Member bank - reserve account . . .. 33,,778877,,004488 3,762,920 2,203,889 U.S.Treasurer - General account . . , 75.75S 51,636 32,173 Foreign bank 3,686 5,592 42,208 Other deposits . . 225.816 227,59s 154,345 Total deposits . . . . . . . .. 4,092,308 4,047,746 2,432,615 Deferred availability items 429,302 399,832 328,902 Capital paid in 146,433 146,271 150,052 Surplus . . . . . . .. 138,383 138,323 278,599 Reserves (F.D.I.C, stock, self insurance, etc.) 161,832 161,832 12,179 All other liabilities . . . . . . . .. 31,419 26.124 14,610 TOTAL LIABILITIES . . .. 8,127,232 8,032,214 6,485,530 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 6699..33^^ 69.0$ 68.1$ Contingent liability on bills purchased for foreign correspondents . . . .. 22,,444477 2,730 3355,,443366 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BAMS ON JUNE 6, 1934 A S S E TS (In thousands of dollars) B-SOlb Total 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 4,706,157 383.083 1,569,9s 1 * 287,63H 369,573 182,193 120,803 998,920 163.550 96,952 151,898 89,509 292,118 Redemptiom fund - F.R. notes 30,010 2,279 1.293 2,804 3,336 1,581 3.636 6,486 1,046 1,297 1,069 577 4,606 Other cash 223 * "521 15.773 56.852 34.552 12.620 8,058 11.690 33.372 10,046 11,491 10,136 5.9*44 12,787 Total reserves ^,959,^8 401,135 1,628,069 32^,990 385,529 191,832 136,129 1,038,778 lfa&tz 109,7^0 163,103 96,030 309,511 Redemption fund - F.R. bank notes 250 2,003 858 715 — — • r 1111 [ 134 — — 474 — Bills discounted: Sec by U.S.Govt. obligations 55,,661188 227 3.199 1,301 1U9 119 82 6 62 220 10 200 Othe#r bills discounted 23,379 507 10,224 7,509 1,237 84o 504 1,110 36 419 203 ^13 377 Total bills discounted 28,997 73* 13,423 8,810 1,386 959 586 1,116 98 639 213 456 577 Bills bought in open market 5.2a 371 1.957 536 487 193 178 649 121 8855 142 142 360 U.S.Government securities: Bonds 406,258 22,991 148,402 25,603 30,249 14,707 12,696 66,568 13,664 15,833 13,197 18,730 23,618 Treasury notes 1,214,508 80,622 386,608 85,124 109,1+04 53,185 ^5.833 212,23s 47,608 29,817 47,074 31,571 85,424 Certificates and bills 809,470 5^,067 245,245 56,393 73,372 35.671 30,727 152,037 31,928 19,99^ 31.573 21,174 57,289 Total U.S.Govt, securities 2,430,236 157,680 780,255 167,120 213,025 103,563 89,256 430,843 93,200 65,644 9i,s44 71,475 166,331 Other securities 53* — 35 - ^99 — — • — — — — — —• Total bills and securities 2,464,988 158,785 795,670 176,965 214,898 104,715 90,020 432,608 93.419 66,36s 92,199 72,073 167,268 Due from foreign banks 3,122 236 1,129 342 300 119 109 4i4 10 7 87 87 222 F.R.notes of other banks 18,451 308 5,804 633 842 1,076 892 2,970 1,658 1.071 1,506 317 1.37^ Uncollected items ^35,751 1&.77S 107,1*98 33,771 39.556 44,594 15,786 55.482 20,734 12,212 23,208 19,172 18,960 Bank premises 52,609 3.224 u,44i 4,156 6,788 3,128 2,372 7,387 3,124 1,657 3,485 1,757 4,090 Fed. Dep. Ins. Corp, stock 139,299 10,230 42,529 14,621 14,147 5,808 5,272 19,749 5,093 3,510 4,131 4,359 9,850 All other assets ^,090 830 32,118 5,706 1,403 1,907 2,494 1,029 295 1,179 46o 1,038 631 TOTAL ASSETS 8,127,232 619,776 2,626,321 562,042 664,178 353,179 253,074 1,558,417 299,109 195,744 288,179 195.307 511.906 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS OH JUKE 6, I93U L I A B I L I T I ES (In thousands of dollars) B-SOlc Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran F.R.notes in actual circulation 3,06S,807 2l&,653 633,9^ 21+7,813 30^,025 11+3,21+9 136,039 775»0^7 133.652 95.363 107,931 1+0,1+93 201,598 F.R.bank note circulation - net 58.7^8 758 37,633 5.507 12,112 — 182 2,556 Deposits: Member bank - reserve account 3»737t0^8 288,880 1,518,560 209,797 21+3,201 lU0,0l6 7 M 78 6M+,313 112,263 67,397 13s,6sU 112,765 236,1+91+ U,S.Treasurer-General account 75.75s 3,63H 32,065 1.92H 10,393 3,201 2,8^0 10,1+50 3.206 2,136 2.H35 1,563 l,86l Foreign bank 3,686 270 1,238 3S9 359 1U2 131 1+72 123 86 105 105 266 Other deposits M 72 18,1+1+0 5,312 7,1+26 12,671+ 13,1+1+1+ 6,926 2,89^ 1,379 Total deposits 1+,092,308 297,256 1,67!+,202 230,550 261+,851 11+8,671 85.125 667,909 129,036 76,51+5 ll+l+,118 115,812 258,233 Deferred availability items 1+29,302 W,383 102,888 31,1+36 39,089 1+3,910 ii+,io6 56,662 21,050 12,51+2 23,208 20,199 19,821+ Capital paid in 11+6,1+33 10.736 59,719 15,363 12,787 U,980 1+.385 12,565 l+,022 3,036 i+,ii+9 3.975 10,716 Surplus 138,383 9,610 !+5.217 13,352 ll+,090 5.171 5.11+5 20,681 1+.756 3,1+20 3,613 3,683 9.61+5 Reserves (F.D.I.C. stock, self insurance, etc.) 161,832 11,283 1+7,266 17,121 16,1+1+7 6,963 7,852 22,718 5,91+6 1+.535 i+,7^7 5,1+89 11,1+65 All other liabilities 31,1+19 1,092 20,1+52 900 777 235 1+22 2,835 1+65 303 1+13 3,100 1+25 TOTAL LIABILITIES 8,127,232 619,776 2,626,321 562,0112 66U, 178 353,179 253,07^ 1,558,^17 299,109 195,7^ 288,179 195,307 511,906 Ratio of total reserves to deposit and F.R.note liabilities combined 69.3 7I+.O 70.1+ 67.9 67.8 65.7 61.6 72.0 66.5 63.8 61+.7 61.1+ 67.3 Contingent liability on bills purchased for foreign correspondents 2,1+1+7 192 699 278 257 102 93 337 88 61 75 75 190 MATURITY DISTRIBUTION OF BILLS A23D 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 28,997 22,1+51 2,61+1+ 1,763 1,81+6 289 1+ Bills bought in open market 5,221 368 1,1+06 659 2,788 Certificates and bills 809,1+70 79,136 32,105 1+8,225 75,662 31+7,162 227,180 Municipal warrants 53U 1+92 7 35 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON JUNE 6, I93I* (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.barik by F.R^gent 3,359,601 267,35^ 736,689 266,912 320,76s 153.190 15^,733 815,007 138,755 100,135 H5,139 \5»006 2^5,913 Held by Federal Reserve bank 290,79** 22,701 97,7^5 19.099 16,7^3 9.9^1 18,69!* 39,960 5.103 *+,772 7,208 ^513 ^,315 In actual circulation 3,068,807 2^,653 638,9^ 21+7,813 30M25 ll*3,2l*9 136,039 775,0^7 133,652 95,363 107,931 >+0,493 201,59s Collateral held "by agent as security for notes issued to bank: Gold certificates on hand and ^ due from U.S. Treasury 2,999,771 271,117 733,706 228,000 261,931 129,3^0 91,385 75^,513 116,936 115 97,290 193,763 Eligible paper 15,271 Q& 8,590 2,953 696 1+03 1*11 196 98 313 117 456 39!* U. S. Govt, securities 375,300 — 37,000 60,000 25,000 65,000 65,000 23,000 25,300 20,000 55,000 Total collateral 3,390,31*2 271,761 71+2,296 267,953 322,627 15^,7^3 156,796 819,709 1*10,031* 101,728 117,1*07 1*6,131 21*9,157 FEDERAL RESERVE BA2IK NOTE STATEMENT ON JUNE 6, 1931* (In thousands of dollars) Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran. Federal Reserve bank notes: Issued to F.R.bank(outstanding) 73,1*02 1,511 39,3^7 16,035 12,775 53H 3.200 6i*i* Held by Federal Reserve bank ll*,65l+ 753 l,7ll* 10,528 663 352 In circulation - net* 58,71*8 758 37,633 5,507 12,112 — 182 — 2,556 Collateral pledged against outstanding notes: Discounted and purchased bills U. S. Govt, securities 81,1*71* 5,000 39,97^ 16,500 15,000 — 1,000 — 1*,000 Total 81,1*71* 5,000 39,97^ 16,500 15,000 — 1,000 — 1*,000 *Does not include $92,105,000 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