H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE F'EESS Released for publication B-801 Friday morning, Apr, 5; Federal Reserve Board not earlier. April U, 1935. CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended April 3» as reported by the Federal Reserve banks, was $2,469,000,000, an increase of $11,000,000 pompared with the preceding week and a decrease of $66,000,000 compared with the corresponding week in On April 3 total Reserve bank credit amotmted to $2,462,000,000, an increase of $10,000,000 for the week* This increase corresponds with increases of $61,000,000 in money in circulation and $69,000,000 in Treasury cash and deposits with Federal Reserve banks, offset in part by increases of $5,000,000 in monetary gold stock and $13,000,000 in Treasury and national bank currency and by decreases of $92,000,000 in member bank reserve balances and $11,000,000 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 weelp and the year ended April 3t 1935» were as follows: Increase or decrease since Apr. 3 Mar. 27 Ap.r k , # 1935 1935 195U (In millions of dollars) Bills discounted 6 -2 -42 Bills "bought 5 —— -21 U. S. Government securities 2,^31 +1 -1 Industrial advances (not including 16 milli on commitments-April 3) 21 +21 Other Reserve "bank credit -2 +10 -6 TOTAL RESERVE BAUK CREDIT 2,462 +10 -H 7 Monetary gold stock +5 +865 Treasury and national bank currency 2,5 k8 +13 - +xt5 Money in circulation 5,497 +61 +126 Member bank reserve balances -92 +7H3 Treasury cash and deposits with P.R.banks +69 +S1 Uonmember deposits and other F.R. accounts 1+33 -11 +46 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, April 5»19355 not earlier. B-gOla ASSETS AKD LIABILITIES OF THE TWELVE FEBSRAL RESERVE BAMS COMB IKED (In thousands of dollars) Apr. 3.1935 Mar. 27.1935 Apr, 4, 1934 A S S E TS Gold certificates on hand and due from U. S. Treasury ... 5*593.721 5,567,025 44,,330099,,557755 Redemption fund ~ F. R. notes . . . .. 17,625 14,708 33,7^9 Other cash 2^6.131 253.500 215,178 Total reserves . . . • • • • . .. 5»8^7,^77 5,835,233 4,558,502 Redemption fund - F. R. bank notes . . — 8,513 Bills discounted: Secured by U.S.Gov't, obligations,direct and/or fully guaranteed 33,,44oo66 44,,441155 1122,,224444 Other bills discounted . . . . . .. 2,985 3,263 35,285 Total bills discounted . . . . .. 6,391 7,678 47,529 26,045 Bills bought in open market . 5,304 5,306 Industrial advances 21,073 20,785 — U. S. Government securities: Bonds ... 392,493 391,9^2 442,795 Treasury notes 1,492,666 1,494,703 1,222,681 Certificates and bills 545,660 543.660 766.286 Total U.S.Government securities . 2,430,219 2,430,305 2,431,762 Other securities 563 # Total bills and securities . . .. 2,463,587 2,464,074 2,505,899 Due from foreign banks . 702 702 3,131 F. R. notes of other banks 15,313 15,973 16,551 Uncollected items . . . .. ^71,759 446,072 427,938 Bank premises 49,533 49,524 52,503 43.016 All other assets ^2,173 120,999 TOTAL ASSETS . . . . . .. S,S9i,3S7 8,853,751 7,694,036 L I A B I L I T I ES F. R. notes in actual circulation * . . 3,17^,531 3,130,572 3,032,016 F. R. bank note circulation - net . . . 110066,,995522 —. Deposits: Member bank - reserve account . . .. 44,,119922,,9955^^ 4,285,129 3,449,803 U.S.Treasurer - General account . . . ^73,679 393,138 66,883 Foreign bank . . . . . . . . . . .. 17,360 20,053 5,049 Other deposits 213,075 220.746 135,063. Total deposits 4,897,06s 4,919,066 3,656,798 Deferred availability items 474,539 458,986 427,984 Canital paid in 146,953 146,921 146,273 Surplus (Section 7) • 144,893 144,893 138,383 1 3 b ) .. . Surplus (Section i4,S09 14,366 Reserve for contingencies . . . . .. 30,805 30,802 22,530 All other liabilities 7,7S9 , 8,145 163,500 TOTAL LIABILITIES * 8,891,387 8,853,751 7,694,036 Ratio of total reserves to deposit and F. R. note liabilities combined * # 7722 72.5$ 6688..22$$ Contingent liability on bills purchased for foreign correspondents . . . .. 70 98 ^.771 Commitments to make industrial advances 16,252 15,732 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS OH APRIL 3, 1935 A S S E TS (In thousands of dollars) B-801b Total Boston Few York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy* Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 5,593,721 1+30,727 2,181,903 298,932 460,700 204,374 113,723 1,002,950 172,819 135,671 192,919 9M50 30M53 Redemption fund - P. R. notes 17,625 264 1,652 1,878 1,382 1,U75 3,160 2,782 37$ 884 18S 3,l4l 236,131 25,653 Other cash 69,343 33,038 10,212 8,385 12,244 24,581 9,421 10,904 10,587 5,399 15,864 Total reserves 5,8117,1+77 456,6^ 2,252,898 333,8*18 472,294 214,734 129,127 1,030,313 182,618 1^7,016 204,3?0 100,1+37 323,158 Bills discounted: Secured by U.S„Gov't, obligations, 3,*+o6 100 106 60 100 direct and/or fully guaranteed 640 1,^79 332 3^3 153 60 13 20 Other bills discounted 2,9^5 112 2,165 165 31 65 130 23 13 5 65 194 17 Total bills discounted 6,391 752 3,644 497 37* 218 190 123 26 25 171 254 117 Bills bought in open market 5,304 390 2,029 536 504 196 191 62s 99 79 1*3 138 371 Industrial advances 21,073 2,146 1,902 3,669 1,3^6 3,5^3 1,081 1,600 490 1,94s 959 1,702 687 U. S. Government securities: Bonds 392,^93 23,^53 136,434 25,387 30,880 l6,46l 13,665 50,015 16,112 16,730 15,647 19,635 28,024 Treasury notes 1,1+92,666 97,^66 446,959 103,392 132,262 70,509 58,491 249,531 66,s6s 39,659 66,221 to, 2731 20,035 Certificates and bills 51+5,660 36,760 155,925 38,341 49,SS3 26,593 22,061 90,297 25,220 1^,765 24,976 15,567 ^5,272 Total U.S.Govt. securities 2,^30,819 157,679 739,318 167,120 213,025 113,563 9^,217 339,343 108,200 71,204 106,844 76,475 193.331 Total bills and securities 2,463,587 160,967 746,893 171,822 215,249 117,520 95,679 392,194 10S,S15 73,256 108,117 78,569 194,506 Dae from foreign banks 702 53 279 72 67 26 25 85 5 4 19 18 49 R. notes of other banks 15,313 391 4,033 335 i,o4o l,4i6 973 1,814 1,609 451 1,052 235 1,91*+ Uncollected items 471,759 50,269 112,156 39,128 43,865 43,226 17,339 67,7^5 20,354 12,302 26,308 18,530 20,037 Bank premises ^9,533 3,168 11,658 ^,562 6,629 3,028 2,325 M55 2,628 1,580 3,447 1,684 3,869 All other assets 43,016 661 29,861 M 71 1,615 1,299 1,731 799 234 680 276 871 518 TOTAL ASSETS 8,891,387 672,153 ]5 ,157,828 55^,238 740,759 381,249 ;2 47,199 1,^97,905 : 316,763 235,289 343,609 200,344 5 ' 4 4,051 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BAMS OH APRIL 3, 1935 L I A B I L I T I ES (In thousands of dollars) B-801c To tal Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 269,1+81+ 669,376 236,010 310,561 15^.337 125,1+1+9 792,1+60 11+0,159 ioi+,138 119,720 1+7,719 20i+,6is 3.17^531 Deposits: i+,132,352k81 ,861 1,828,553 219,669 311,957 1^2,150 81,^22 572,856 119,27U 96,229 173,199 Ilk,226 251,552 Member bank - reserve accotrnt U.S.Treasurer - General account ^73,679 39,917 272,925 18,599 36,906 23,961 6,1+60 il+,570 11,1+60 5,609 12,206 1+.615 2$,1+51 Foreign bank 17,360 1,235 6,521 1,698 1,629 635 617 1,989 515 1+12 1+63 1+1+6 1,200 Other deposits 213,075 3,933 1^8,108 7,199 M 96 2,820 3,156 2,863 12,761 7,831 1,56^ 2,923 15,821 Total deposits 1+,897,068 326,91+6 2, 2 56,107 21+7,165 35i+,588 169,566 91,655 592,278 Il+1+,010 110,081 187,1+32 122,210 295,030 Deferred availability items ^.539 50,961+ 109,918 37,035 ^3,735 1+2,9^9 16,582 70,771 22,056 12,IOU 27,050 20,1+37 20,938 Capital paid in 11+6,953 10,772 59,575 15,11+6 13,123 5.035 i+,i+o6 12,796 l+,072 3,131 4,057 4,020 10,820 Surplus (Section 7) ll+l+,893 9,902 1+9,961+ 13,1+70 li+,37i 5.186 5,51+0 21,350 i+,655 3,^20 3,613 3,777 9,61+5 Surplus (Section 13 b) ll+,809 2,165 1,778 2,098 1,007 2,081+ 73k 1,380 51+7 1,003 672 626 695 Reserve for contingencies 30,805 1,61+8 7,501 2,996 3,000 1,1+16 2,600 5.325 891 1,211 813 1,363 2,0l+l All other liabilities 7,739 272 3,609 318 37^ 176 213 l,5l+5 373 201 252 192 261+ TOTAL LIABILITIES 8,891,387 672,153 3,157,32s 55M3S 7^0,759 381,21+9 21+7,199 1,>+97,905 316,763 235,289 3^,609 200,31+1+ 5I+M51 Ratio of total reserves to deposit and F.R. note liabilities combined 72.*+ 76.6 77.0 69.1 71.0 66.2 59.5 7I+.1+ 6I+.3 68.6 66.5 59.I 6I+.7 Contingent liability on bills purchased for foreign correspondents 70 5 25 7 7 3 2 2 2 2 25 Commitments to make industrial advances 16,252 2,651+ 6,23s U73 1,1+37 79s 727 1+53 1,517 33 1+11+ — 1,508 MATURITY DISTRIBUTION OF BILLS AND 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 6,391 i+,i68 2l+5 783 1,093 7S 2l+ Bills bought in open market 5,30^ 1+97 3,671+ 1+72 661 Industrial advances 21,073 885 . 77^ ^73 561+ 1,265 17,112 U. S. Government securities 2,1+30,819 33,252 1+1,078 89,021 291,959 327,296 1,61+8,213 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE 1TOTE STATEMENT ON APRIL 3, 1935 (In thousands of dollars) B-SOld Total Boston Hew 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 3,433,556 285,823 766,077 249,097 324,306 163,589 141,516 823,356 146,099 108,644 127,642 53.579 243,828 l6,66l Held by Federal Reserve bank 259,025 16,339 96,701 13,087 13,745 8,752 30,896 5,940 4,506 7,922 5.860 39.210 In actual circulation 3.17^,531 269,4s4 669,376 236,010 310,561 154,837 125,449 792,460 140,159 104,13s 119,720 47,719 204,618 Collateral held by agent as sie curity for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 3.249,979 301,617 788,706 228,000 326,215 151,340 85,685 772,3^6 121,632 103,500 122,000 52,675 196,263 Eligible paper 4,552 73S 2,005 i+77 355 187 17s 100 4 20 l4i 245 102 U. S.Govt. securities 246,100 — — 22,000 13,000 60,000 60,000 26,000 6,100 7,000 2,000 50,000 Total collateral 3.500,631 302,355 790,711 250,477 326,570 164,527 145,863 832,446 147,636 109,620 129,l4l 54,920 246,365 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis