H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR TH38 PRESS Released for publication B-801 Friday morning, Mar, 15; federal Reserve Board not earlier* March lU 1935. f COHDITIOIT OF FEDERAL RESERVE BAUICS The daily average volume of Federal Reserve bank credit outstanding during the week ended March 13# as reported by the Federal Reserve banks, was $2,^63,000,000, an increase of 000,000 compared with the preceding week, and a decrease of ,000,000 compared with the corresponding week in 193^* On March 13, total Reserve bank credit amounted to $2,^60,000,000, an increase of $8,000,000 for the week. This increase corresponds with increases of $33,000,000 in member bank reserve balances, of $11,000,000 in Treasury cash and deposits with Federal Reserve banks, and $2,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $2^,000,000 in money in circulation and increases of $5,000,000 in monetary gold stock, and $8,000,000 in Treasury and national bank currency. Relatively small changes were reported in holdings of discounted and purchased bills and of industrial advances. A decrease of 000,000 in holdings of United States bonds was offset by increases of $2,000,000 each in United States Treasury notes and Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items were during the week and the year ended March 13, 1935» follows: Increase or decrease since Mar. Mar. 6 Mar. lU (In millions of dollars) Bills discounted 6 —_ M Bills bought 6 -31 U. S. Government securities 22,,^^3300 -2 Industrial advances (not including 15 million commitments - March 13) 20 +1 +20 Other Reserve "bank credit -2 +7 tIO TOTAL EES3BVS BAM CKSD1T s,U$o +g -72 Monetary gold stock 8.551 +5 +9H6 Treasury and national bank currency 2,525 +6 +193 Money in circulation 5 .^ +109 Member bank reserve balances 1+.5S8 +33 +1.13U Treasury cash and deposits with F*R, banks 3,009 +11 -217 Nonmember deposits and other F.R, accounts *+S5 +2 +41 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

110t Released for publication! Friday morning, March 15.1935? earlier, B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDEItAL RESERVE BAHZS CQMBIEED (In thousands of dollars) Mar. 13,1935 Mar. 6,1935 Mar.. 14.193*+ A S S E TS Sold certificates on hand and due from U. S. Treasury . . . • 5.55^,317 5,556,087 44,,225522,,332211 Redemption fund - 3T. R. notes 15,878 15.950 34,044 Other cash 253,9^9 21+7,266 217,411 Total reserves • 5,S2U,135 5,219,303 4,503,776 Redemption fund - F, H bank notes » . . 5 250 11,495 # Bills discounted: l Secured by U.S.Govt. obligations, direct and/or fully guaranteed 3,21? 2,830 1122,,660077 Other bills discounted • . . . . . .. 3,20s . ,3,278 42,280 Total bills discounted . • 5/425 6,108 54,887 Bills bought in open market * 5,505 5,506 37,^59 Industrial advances . . . .. 19,869 19,1*70 -- U. S Government securities: Bo # nds 339900,,118855 39MSS 442,875 Treasury notes 1,^,675 1,492,673 1,092,063 Certificates and bills . . . . . . .. ,, 5^5,500 543,425 896,902 J Total TJ, S. Government securities . . 2,+30.36l 2,430,486 2,431,840 Other securities . . . .. — — 653 Total bills and securities . . .. 2,462,loO 2,U6I,570 2,524,839 Due from foreign banks » . « • • . , *» 802 802 3,132 F. R notes of other banks • 13.851 16,113 15.907 # Uncollected items . . . .. 50M9H 1*57,509 4,82,658 Bank premises 49,514 49,453 52,431 All other assets . . . . . . . . . . .. 49,154 47,088 ... 120,615 TOTAL ASSETS S,90U,5i5 8,852,088 7.71^,353 L I A B I L I T I ES F. R notes in actual circulation . . .. 3,136,652 3,159,929 2,939,052 # F. R. bank note circulation - net . .. . 100 1,227 159,371 Deposits: Member bank - reserve account 44,,558888,,221133 44,,555544,,551166 3,454,492 U.S.Treasurer - General account . . .. 87,963 88,485 16,128 Foreign bank . . . . . .. 17,587 16,323 8,994 Other deposits _2ii«i2£ 220,399 134,46s Total deposits . . . . . . .. 4,913,766 4,880,023 3,614,082 Deferred availability items . . . . . .. 507,5^3 467,797 478,730 Capital paid in . . . . . .. . . . .. 147,020 146,990 145,S20 Surplus (Section 7) . . . . . . . . .. . 144,893 144,893 13s,383 Surplus (Section 13 b) 1*4,273 13,^7 ,— Reserve for contingencies . . . . . . .. 30,222 30,322 22,529 All other liabilities . , 9j04_I 6,900 166,886 TOTAL LIABILITIES . . . . .. 8,904,515 8,852,088 7.71M53 Ratio of total reserves to deposit and F. R. note liabilities combined . . .. 7722..33$$ 72.4io 68.2^ Contingent liability on bills purchased for foreign correspondents . . . . .. 224 286 4,939 Commitments to make industrial advances . 15,084 14,854 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AM) LIABILITIES OP THE FEDERAL RESERVE BAMS OF MARCH 13, 1935 A S S E TS (In thousands of dollars) B-SOlb Total Boston ITew York Phila, Cleve. Rich. Atlanta Chicago St .Louis Minn. Kans.Cy. Dallas San Pran Gold certificates on hand and due from U. S. Treasury 5,554,317 417,297 2,051,511 291,219 424,637 1S3,151 121,000 1,081,671 201,226 l>+3,798 185,441 115,492 337,874 Redemption fund - P. R. notes 15,873 327 1,063 1,974 1,516 1,866 3,401 508 4c4 461 947 200 3,211 Other cash 253,940 23,110 74,505 3^,559 9,3-9 10-061 13,625 27.671 10,472 10,828 11.033 5.946 18.241 Total reserves 5,82^,135 445,734 2,127,079 3?b,752 436,042 195.078 132,026 1,109,850 212,102 155,087 197.421 121,633 359,326 .— Redemption fund - F.R. bank notes 5 5 — — — — — — Bills discoxmted: Secured by U.S.Gov't, obligations, direct and/or fully guaranteed 3,217 162 l,6ll 238 701 206 129 42 15 63 50 Other bills discounted 3,208 51 2,397 286 135 53 93 23 6 5 52 79 28 Total bills discounted 6,425 213 4,008 524 836 259 222 23 4g 20 115 79 78 Bills bought in open market 5,505 4o4 2,104 555 523 204 198 651 105 84 149 143 3S5 Industrial advances 19.S69 2,159 1,59S 3,685 1,366 3,463 1,075 1,377 5^5 1,853 639 l,4ll 698 T J. S. Government securities: Bonds 390,186 23,323 138,588 25,250 30,705 16,368 13,605 52,411 16,023 15,522 15,555 18,862 23,974 Treasury notes 1,494,675 97,607 459,017 103,539 132,454 70,611 58,576 261,329 66,965 36,614 66,318 38,223 103,422 Certificates and bills 545,500 36,749 160,213 3S,33l 4-9, S6b 26,534 22,054 94,603 25,212 13,592 24,971 14,390 33,935 Total U.S.Gov't, securities 2,430,361 157,679 757,318 167,120 213,025 113,563 9^,235 408,343 108,200 65,728 10b,844 71,475 166,331 Tot®2 bills and securities 2,462,160 160,455 765,528 171,884 215,750 117,489 95,730 410,394 108,398 67,685 107,747 73,108 167,492 Due from foreign banks 802 60 315 82 76 30 29 97 s 6 22 21 56 P. R. notes of other banks 13.851 355 3,305 442 1,193 897 1.^35 2,086 1,010 437 699 303 1,6S4 Uncollected items 504,894 52,411 125,760 33,922 48,798 45,396 18,605 68,111 21,763 12,132 29,471 17,638 25,837 Bank premises 49,514 3,i6s 11,648 *+,553 6,629 3,028 2,325 .4,955 2,62s i,5S0 3 Ml l,6s4 3,869 All other assets 49,154 682 34,475 5,766 1,507 1,333 1,751 931 232 737 291 925 519 TOTAL ASSETS 8,904,515 662,870 3,068,110 54S,4OJ 710,000 363,256 257,901 1,596,424 346,64i 237,664 339,098 215,367 558,783 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AM) LIABILITIES OF THE FEDERAL RESERVE BANKS ON MARCH 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 3,136,652 263,953 656,043 233,764 309,803 153,308 125,381 783,360 139,791 103,895 117,957 48,048 201,349 F.R.bank note circulation - net 100 100 Deposits: Member bank - reserve account 4,588,213 313,267 1,976=733 228,395 311,705 141,421 89,398 682,309 155,068 102,747 176,875 128,086 282,209 U.S.Treasurer - General account 87.96s 4,077 30,531 4,s4g 3,440 7,677 6,650 13,272 3,774 2,086 4,113 3,719 3,781 Foreign bank 17,587 Is 270 6.44i 1,746 1,675 653 635 2,046 529 423 476 459 1,234 Other deposits 219.998 2,632 1^2 308 7rQ37 3*7^6 1,739 4,194 .2,777 14,267 7,194 1,312 3,064 19,11s Total deposits 4,913,766 321,246 2,166,613 242,026 320,576 151,490 100,877 700,4o4 173,638 112,450 182,776 135,328 306,342 Deferred availability items 507,943 52,727 123.235 37,377 47,699 44,600 18,198 70,239 22,7*4 12,389 28,922 22,059 27,684 Capital paid in 147,020 10,762 59,737 15,142 13,116 5,055 4,^60 12.7S2 4,072 3,130 4,o4a 4,022 10,794 Surplus (Section 7) 144,393 9.902 4q,Q64 13,470 14,371 5,186 5,540 21,35° 4,655 3,420 3,613 3,777 9,645 Surplus (Section 13 b) 14,278 2,165 1 s 492 2 s 093 1.007 2,084 754 1,33c 547 1,003 523 626 649 Reserve for contingencies 30,822 1,648 7,501 2.996 3,000 i,4i6 2,600 5,325 891 1,211 810 1,363 2,061 All other liabilities 9,041 367 3,525 1,528 428 117 191 1,57*1 293 166 449 14U 259 TOTAL LIABILITIES 8,904,515 662,870 3,068,110 54S,4OI 710,000 363,256 257,901 1,596,424 346,641 237,664 339,098 215,367 558,783 Ratio of total reserves to deposit and F.R.note liabilities combined 72.3 76.2 75.4 68.7 69.2 64.0 61.0 74.8 67.6 71.7 65.6 66.3 70.S Contingent liability on bills purchased for foreign correspondents 224 18 66 25 24 9 9 29 7 6 7 7 17 Commitments to make industrial advances 15,084 2,399 6,122 279 1,266 792 728 453 l,4is 30 265 — 1,332 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 91 days to To tal Within 15 days lb to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 6,425 5,073 149 338 619 231 15 Bills bought in open market 5,505 702 193 1,189 3,^21 Industrial advances 19,869 625 99 1,609 530 932 16,074 U. S. Government securities 2,430,361 137,100 28,250 176,621 93,784 495,080 1,^99,526 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON MARCH 13, 1935 (In thousands of dollars) B-SOld /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.^23,9SH 235,565 75s,915 250,009 32^,557 162,89^ 1^3,3^ 815,765 A6.225 109,09^ 125,392 53,997 2^8,225 Held by Federal Reserve bank 287,332 21,612 102,872 16,2*15 lH,75** 9,586 17,965 32,^05 6 ,^ 5,199 7,^35 5,9^9 ^6,876 In actiial circulation 3,136,652 263,953 656,0^3 233,76^ 309,803 153,308 12538I 723,360 139*791 103,895 117*957 ^8,0^8 201,3^9 t Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 3,312,969 301,617 788,706 228,000 301,215 133,3^0 85 f 685 826,546 137,922 ui t ooo 117,000 55,675 226,263 Eligible paper k,k3S 198 2,288 U3I 817 228 203 — k2 15 82 70 6U U. S. Gov*, securities 179,000 — 22,000 25,000 30,000 60 f 000 9,000 -- 10,000 —. 23,000 Total collateral 3,^96,^07 301,815 790,99U 250,1+31 327,032 163,56s 1^5,888 826,51*6 lH6,96H 111,015 127,082 55,7^5 2^9,327 FEDERAL RESERVE BANK NOTE STATEMENT ON MARCH 13, 1935 (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) 100 100 Held by Federal Reserve bank In circulations. - net* 100 100 Collateral pledged against outstanding notes: Discounted and purchased bills 100 100 U. S. Govt, securities 100 100 Total collateral •Does not include $9^,5^4,000 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