H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-SOl Friday morning, Feb. 15; Federal Reserve Board not earlier February 11+, 1335 • f CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended February 13, as reported by the Federal Reserve banks, was $2 M)7,000,000, an increase of 000,000 compared with the preceding week and a f decrease of $1^2,000,000 compared with the corresponding week in 193^ On February 13 total reserve bank credit amounted to $2,^50,000,600, a decrease of $16,000,000 for the week. This decrease corresponds with a decrease of $53»000,000 in member bank reserve balances and increases of $35i0°°>000 in monetary gold stock and $22,000,000 in Treasury and national bank currency, offset in part by increases of $23t000,000 in money in circulation, $65,000,000 in Treasury cash and deposits with Federal Reserve banks, and $5,000,000 in nonmember deposits and other Federal Reserve accounts * Relatively small changes were reported in holdings of discounted and purchased bills, United States Government securities and industrial advances # Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year dnded February 13, 1935t were aS follows: Increase or decrease since Feb. 13 Feb. 6 Feb, ik (In millions of dollars) Billa discounted 7 +i -6i Bills bought 6 -so U. S. Government securities 2,1+30 -2 Industrial advances (not including 13 million commitments - February 13) IS +18 Other Eeserve bank credit -10 -16 -17 TOTAL RESERVE MM CREDIT 2,^0 •16 Monetary gold stock 8,1+56 +35 Treasury and national bank currency 2,525 +22 +2Zk Money in cimal&tio* +23 +109 5,^30 Member bank reserve balance* 4,580 -53 +1.729 Treasury cash and deposits with IVI.ba&kf +65 -396 Nonmember deposits and ether ?.R accounts # •5 + 7 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, February 15»13355 not earlier. B-80la ASSETS A3® LIABILITIES OF THE TWELVE FEDERAL RESERVE 2MK.S COMSIOT) (in thousands of dollars) Feb. 13,1935 Feb. 6,1935 Feb. 14,1934 A S S E TS Gold certificates on hand and due from U. 8. Treasury 5,^9,639 5,445,101 3,582,092 Redemption fund - F» R. notes 16,5^9 16,559 42,23*1 Other cash 270.330 222.460 Total reserves 5,730,959 5,731.990 3,846,736 Redemption fund - F. R. bank notes . . . 250 1,759 12,387 Bills discounted: Secured by U.S.Gov't, obligations, direct and/or fully guaranteed 3,451 3,124 19,264 Other bills discounted . 3,059 3,304 Total bills discounted . . . .. 6,510 6,428 68,405 Bills bought in open market . . . . . .. 5,502 5,503 86,086 Industrial advances: . 18,375 17,824 — U. S. Government securities: Bonds 395,726 395,630 443,045 Treasury notes . . . .. 1.511,683 1,511,666 1,026,142 Certificates and bills 522,525 522,925 . 962,837 Total U.S.Government securities 2,430,334 2,430,221 2,432,024 Othefraactujitiss. ,...',:... — — 1,293 Total bills and securities . . . .. 2,460,721 2,459,976 2,587,808 Due from foreign baniia S05 805 3,400 F. R. notes of other banks . 16,763 17,165 16,222 Uncollected items 415,332 416,543 499,17*4 Bank premises . . . . .. 49,436 49,336 52,382 All other assets 46,3^9 45,286 116,^33 TOTAL ASSETS 8,720,615 8,722,860 7,134,292 L I A B I L I T I ES F.R. notes in actual circulation 3,118,015 3,101,685 2,952,541 F.R, bank note circulation - net 1,192 25,627 199,358 Deposits: Member bank - reserve account 4,580,341 4,632,647 2,850,888 U.S.Treasurer - General account 72,312 35,^ 45,654 Foreign bank 13,567 13,424 3,610 Other deposits -....167,945, 162,£s4 126,417 Total deposits M 3 M 65 4,844,139 3.026,569 Deferred avai lab ili ty: items 426,571 497,108 Capital paid in . . . .. 146,928 l'-io.^bS 145,081 Surplus (Section 7) • • • 144,893 138,323 Surplus (Section lj»b) . . 12,W7 Reserve for contingencies "SO, 822 30,522 25,^24 All other liabilities . . 5,7?2 5,270 152,758 TOTAL LIABILITIES 8,720,615 8,722,360 7,134,292 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 72.1$ 72.1* 64.3$ Contingent liability on bills purchased for foreign correspondents 366 3 66 4,284 Commitments to make industrial advancesr 12,51+0 12,314 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1TD LIABILITIES OF THE FEDERAL RESERVE BA3KS OIT FEBRUARY 13, 1935 A S S E TS (In thousands of dollars) B-SOlfc Total Boston Hew York Phila. Sieve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Frar G-old certificates on ha,nd and due from U, S. Treasury 5,^+9,639 ^07,960 2,072,723 267,199 393,253 190,566 110,432 1,042,970 is6,S06 132,671 194,869 120,236 323,354 Hedemption fund - F. H. notes 16,5^9 486 1,535 2,169 1,533 1,694 3,539 813 496 218 514 246 3,306 Other cash 264,771 31,352 70,085 36,032 11,026 ll,9o2 14,402 28,807 10,75s 11,117 12,153 7,055 20,016 Total reserves 5,730,959 439,804 2,144,343 305,400 4o6,4i2 204,222 128,373 1,072,590 19s,060 150,006 207,536 127,537 346,676 Eedemotion fund - F.R.banlc notes 250 250 — — — — — — — — — — — Bills discounted: Secured by U.S.Gov't, obligation;3 , direct and/or fully guaranteed 3.^51 292 1,976 343 442 100 115 100 28 — 25 20 10 Other bills discounted 3,059 20 2,297 430 122 31 49 — — — 70 17 23 Total bills discounted 6,510 312 4,273 773 564 131 164 100 28 — 95 37 33 Bills bought in open market 5,502 4o4 2,101 555 523 204 19s 651 105 84 149 143 3S5 Industrial advances 12,375 1,974 1,201 3,979 1,201 2,773 1,076 1,293 480 1.S25 635 1,287 651 U. S. Governrnent securities: Bonds 395,726 23.21-5 139,945 25,137 30,55s 1144,,885599 1133,,5533**++ 6611,,006655 1155,,99^^55 1155,,445544 1133,,333344-- 18,820 23.S57 Treasury notes 1,511,623 99,055 472,770 105,049 134,418 65,346 59,445 268,902 67,95S 37,159 57.S37 38,789 104,955 Certificates and bills 522,925 35,^09 157,603 36,934 48,043 23,358 21,250 90,876 24,294 13.095 20,673 13,866 37,519 Total U.S.Govt, securities 2/430,331* 157,679 770,318 167,120 213,024 103,563 94,229 420,843 108,200 65,708 91,S44 71,475 166,331 Total bills and securities 2,460,721 160,369 777.893 172,427 215,312 106,671 95.667 422,887 108,813 67,617 92,723 72,942 167,400 Due fron foreign banks S05 60 317 S3 76 30 29 97 88 6 22 21 56 F. H. notes of other banks 16,763 320 4,674 417 994 1,291 1,237 1,878 11,,554499 927 846 300 2,330 Uncollected items ^15,332 46,264 91,351 32,767 4O,5§4 36,508 18,268 53,77s 23,590 11,194 26,350 14,579 20,159 Bank premises 1*9,^36 3,168 11.59S 4,525 6,629 3,028 2,325 4,955 2,628 1,580 3,447 l,6s4 3,869 All other assets U6,3H9 674 32,508 4,876 1,533 1,340 1,762 916 229 749 314 898 550 TOTAL ASSETS 8,720,615 650,909 3,062,6S4 520,495 671,430 353,090 2^7,661 1,557,101 33^,277 232,079 331,23s 217,961 541,o4o Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON FEBRUARY 13, 1935 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 3,118,015 264,127 657,286 234,916 303,572 15^,557 125,i4i 773.297 137,216 103,7^7 H5,397 48,200 199,959 F.R.bank note circulation - net 1,192 1,192 Deposi ts: Mernber "bank - reserve account 4,580,341 311,529 2,039,529 210,305 236,703 144,442 85,513 665,696 147,238 101,267 177,721 135,267 275,126 U.S.Treasurer - General account 72,312 4,092 44,170 1,686 3,719 3,656 2,829 4,456 507 962 1,517 2,384 2,33^ Foreign bank 13,567 967 5,083 1,329 1,275 497 483 1,557 403 322 362 3^9 9^0 Other deposits 612 _ 109 2,625 10,378 12,326 6,286 __2.249 1.692 17.976 Total deposits 4,834,165 320,537 2,189,462 217,333 295,31^ 150,704 91,^50 679,965 164,423 108,382 181,294 138,825 296,426 Deferred availability items 426,371 40,766 95,^97 34,032 40,724 34,471 17,669 62,167 22,30s 10,840 25,605 20,987 21,305 Capital paid in 146,928 10,763 59,71^ 15,146 13,146 4,985 M 72 12,760 4,049 3,13^ 4,o4s 4,021 10,790 fvrplus (Section 7) 144,893 9,902 49,964 13,470 14,371 5,186 5,540 21,350 4,655 3,^20 3,613 3,777 9,645 Surplus (Section 13b) 12,447 1.789 877 2,098 1,007 1,697 754 1,241 477 1,003 293 626 5S5 Reserve for contingencies 30,822 1,648 7,501 2,996 3,000 l,4i6 2,59S 5,325 894 1,211 SOS 1,363 2,062 All other liabilities 5,7*2 185 2,383 454 346 7^ 137 996 255 142 180 162 26s TOTAL LIABILITIES 8,720,615 650,909 3,062,684 520,495 671,480 353,090 247,661 1,557,101 33M77 232,079 331,238 217,961 5U1,o4o Ratio of total reserves to deposit and F. R. note liabilities combined 72.1 75.2 75.3 67.5 67.9 66.9 59.3 73.S 65.5 70.7 70.0 68.2 69.8 Contingent liability on bills purchased for foreign correspondents 366 23 166 31 30 12 11 37 98 9 8 22 Commitments to make industrial 453 advances 12,540 1,884 4,765 310 1,333 591 735 1,335 30 28 — 1,076 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 6 months Over 6 months Bills discounted 6,510 5,321 181 675 286 37 10 Bills bought in open market 5,502 660 3,426 817 599 Industrial advances 18,375 93 618 702 1,315 956 14,691 U. S. Government securities 2,430,334 36,222 120,030 80,750 183,618 510,586 1,499,128 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE TFOTE STATEMENT OH FEBRUARY 13, 1935 (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*382,2^2 287,523 751.H2 251,326 316,6^5 163,299 1^3*573 802,990 1^1,753 108,087 122,912 53t^ 239*283 Held by Federal Reserve bank 264»227 23,^6 93>g26 l6,UlO 13,073 8*7^2 18,^37 29,693 3>937 7»515 5^7** 39*32^ in actual circulation 3,118,015 26^,127 657,286 23M16 303,572 15^,557 125,1^1 773*297 137.816 103,7^7 115,397 Us,200 199,959 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U.S. Treasury 3,252,U50 301,617 788,706 216,500 288,215 139,3^0 80,685 805,513 128,936 109,000 12^,000 5M75 215,263 Eligible paper 5,08U 312 3,oiU 670 56H 106 15U 100 28 — 66 37 33 U. S. Govt, securities 199,000 ~ 35,000 30,000 25,000 65,000 lU,000 ~ — — 30,000 Total collateral 3^56,53U 301,929 791,720 252,170 318,779 l6U,UH6 1^5,839 805,613 1^2,964 109,000 12^,066 5^,712 2^5,296 FEDERAL RESERVE BASK 00 TE STATS LETT 01! FEBRUARY 13, 1935 (In thousands of dollars) Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. ICans.Cy. Dallas San Fran. Federal Reserve bank notes: Issued to F.R.barik(outstanding) 11,719 1,511 10,208 — — — — — Held by Federal Reserve bank 10,527 319 — 10,208 — — In circulation - net* 1,192 1,192 ~ Collateral pledged against outstanding notes: Discounted and purchased bills 17,000 5,000 , 12,000 U. S. Govt, securities 17,000 5,000 — 12,000 Total collateral *Does not include $96,815*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