H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS Released for publication B-gOl Friday morning, Apr* 12; Federal Reserve Board not earlier* April 11, 1935# CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended April 10, as reported by the Federal Reserve banks, was $2,^61,000,000* a decrease of $8,000,000 compared with the preceding week and of $50,000,000 compared wi1& the corresponding week in 19 • On April 10 total Reserve bank credit amounted to $2,H63,000,000, or $1,000 ,000 more than a week ago, an increase of $9^*000,000 in member bank? reserve balances being offset by decreases of $10,000,000 in money in circulation, $28,000,000 in Treasury cash and deposits with Federal Reserve banks and $6,000,000 in nonmember deposits and other Federal Reserve accounts and an increase of $1*6,000,000 in monetary gold stock. Relatively Small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $12,000,000 in holdings of Treasury bills was offset by. decreases of $8,000,000 in United States bonds and $U,000,000 in Treasury notes. Changes in the amount of Reserve bank credit outstanding and in related items w e re aS during the week and the year ended April 10, 1935» follows: Increase or decrease since Apr. 10 Apr, 3 Apr. 11 19^ 19?? 19^ (In millions of dollars) Bills discounted 6 -37 Bills bought . 5 -12 S. Government securities 2,U30 -1 -2 Iirlustrial advances (not including l6 million ccaiinitments - April 10) 21 +21 Other Reserve ban.'.: credit +2 TOTAL RESERVE BAKK CR3DIT 2.U63 +1 -29 Monetary gold stock S,6iU +882 Treasury and national bank currency 2,5^9 +1 +168 Money in circulation 5.^7 -10 +lH0 Member bank reserve balances 4,287 +9H +727 Treasury cash and deposits with F.R.banks 3,376 -28 +137 Nonmember deposits and other F.R,accounts ^77 -6 +17 •Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

n ot Released for publication Friday morning, April 12,1935; earlier. B-g01a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Apr. 10.193*5 Apr. 3,1935 Apr. 11. 1934 A S S E TS Gold certificates on hand and due from U. S. Treasury 5,592,822 5,593,721 44,,338866,,883377 Redemption fund - F. R. notes . . . . . 17,067 17,625 32,9ss Other cash . . . . . . . . . . . . .. 237,2^5 236,131 225,771 Total reserves . . 5.^7,1311 5^7,^77 4,645,596 Redemption fund - F. R. bank notes . . — — 8,362 Bills discounted: Secured by U.S.GovH. obligations, direct and/or fully guaranteed . . . . • 2,818 33,,4400bb 99,,227766 Other bills discounted . 3,201 2,935 33,975 Total bills discounted . „ . . . 6,019 6,391 43,251 Bills bought in open market . . . . 5,307 5,304 17,059 Industrial advances • . 21,256 21,073 — U. S. Government securities: Bonds • . . . 38U,i05 392,U93 ^31,225 Treasury notes . . 1,^88,666 1,1+92,666 1,179,906 Certificates and bills . . . . . .. 557,660 545,660 820,848 Total U.S. Government securities 2,^30,431 2,430,819 2,431,979 Other securities 562 Total bills and securities . . . 2,^63,013 2,463,587 2,492,851 Due from foreign banks . . . . . . .. 700 702 3,130 F. R. notes of other banks 15.933 15,313 17,3^0 434,605 >+71.759 418,780 Bank premises 49,615 U-9,533 52,556 All other assets 44.019 43,016 122,327 TOTAL ASSETS 8,855,019 8,891,337 7,760,942 L I A B I L I T I ES F. R. notes in actual circulation . 3,169,329 3,17^,531 3,025,812 # F. R, bank note circulation - net . . . 88,336 —— Deposits: Member bank - reserve account . . .. 44,,228866,,883300 U,192,95^ 3,560,025 U.S Treasurer - General account . . 393,06s 473,679 29,395 Fore#ign bank # 17,817 17,360 4,623 Other deposits . . . . . . . . .. . 206.1+22 213,075 14^,705 Total deposits 90^,137 897,068 3,737,7^3 Deferred availability items . . . . « 435,255 474,539 422,619 Capital Daid in . 146,966 146,953 146,389 Surplus (Section f) . . . . . . . .. 144,893 144,893 138,383 Surplus (Section 13 b) . . . . .. • l4,820 14,809 Reserve for contingenc i # es . . . . .. 30,805 30,805 22,529 All other liabilities . , . . . .. S.Sl4 , 7»7 S 9 179,126 TOTAL LIABILITIES 8,855,019 8,891,387 7,760,942 Ratio of total reserves to deposit and F. R. note liabilities combined . . 72.4$ 72.4$ 68.7$ Contingent liability on bills purchased for foreign correspondents . . . .. UUss 70 4,669 Commitments to make industrial advances 16,315 16,252 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AUD LIABILITIES OF THE FEDERAL RESERVE BAMS OH APRIL 10, 1935 A S S E TS (In thousands of dollars) B-gOlb Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due fromu. s. Treasury 5,592,822 420,860 2,173,669 288,910 448,978 190,511 n4,s42 1,059,186 166,454 132,912 188,937 96,620 310,943 Redemption fund - F. R. notes 17,067 264 1,652 1,838 882 1,475 3,l60 2,782 377 44l 884 171 3,l4l Other cash 237,245 25,722 70,870 32,818 9,180 9,229 12,375 25.217 10,091 11,237 10,428 5,530 14,548 Total reserves 5,847,134 446,846 2,246,191 323,566 459,040 201.215 130,377 1,087,185 176,922 144,590 200,249 102,321 328,632 Bills discounted: 1 Secured by U.S.Gov1. obligations, direct and/or fully guaranteed 2,818 115544 1,683 351 9966 203 6655 13 20 1166 117 100 -• — Other bills discounted 3,201 81 2,382 151 22 61 136 12 10 2 64 251 29 Total bills discounted 6,019 235 4,065 502 118 264 201 12 23 22 80 368 129 Bills bought in open market 5.307 390 2.032 ^36 504 196 191 628 99 79 143 138 371 Industrial advances 21,256 2,142 1.850 3,712 1,3^1 3,607 1.072 1,613 528 1,966 959 1,779 687 U. S. Government securities: Bonds 384,105 23,171 131,324 25,091 30,496 16,258 13,503 4499,,442277 15,917 1166,,227722 1155,,^^5555 19,515 2277,,667766 Treasury notes 1,, 488,666 97,183 445,84s 103,098 131,378 70,304 58,322 248,942 66,675 39,546 66,029 41,154 119,687 Certificates and bills 557,660 37.325 162,146 38,931 50,650 27,001 22,399 91,474 25,608 14,992 25,360 15,806 45,968 Total U.S.Govt, securities 2 ,430,431 157*679 739,318 167,120 213,024 113,563 94,224 389,843 108 5 200 70,810 106,844 76,475 193,331 Total bills and securities 2 ,1*63,013 160,446 747,265 171,870 214,987 117,630 95,688 392,096 108,850 72,877 108,026 78,760 194,518 Due from foreign banks 700 53 , F7 72 67 26 25 85 5 4 19 18 49 F. R. notes of other banks , 15,933 313 4,471 386 999 1,215 1,211 1,801 1,196 777 1,219 362 1,983 Uncollected items 434, 605 43,013 105,346 34,665 39,778 37,717 15,^49 58,646 19,845 12,942 25,751 16,848 24,605 Bank premises 49,615 3,168 n,723 >+.578 6,629 3,028 2,325 M55 2,628 1,580 3,^7 1,685 3,S69 All other assets 44,019 664 30,671 4,739 1,601 1,290 1,734 790 239 661 262 860 508 TOTAL ASSETS 8,855,019 654,503 3,145,944 539,876 723,101 362,121 246,809 1,5^5,558 309,685 233,431 338,973 200,854 554,164 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS At© LIABILITIES 01* THE FEDERAL RESERVE BAHKS ON APRIL 10, 1935 L I A B I L I T I ES (In thousands of dollars) B-SOlc Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3.169,329 26S,960 6bl,62S 236,^97 31^,307 155.269 126,819 791,285 139,516 104,051 119,512 47,179 204,306 Deposits: Member bank - reserve account 4,236,830 223,119 1,858,517 215,705 302,092 137,550 84,259 631,390 120,561 97,254 173,217 114,852 26s,314 U.S.Treasurer - General account 393,068 29,977 243,413 13,279 29,591 lo,0S£ 3,486 13,888 5,799 2,00s 11,017 6,893 17,649 Foreign "bank 17,817 1,235 6,97s 1,69s 1,629 635 617 1,989 515 412 463 446 1,200 206,422 3,586 1*4-7,647 5,1^8 4,299 2,961 n,q4i 6s4 2,904 Total deposits 4,904,137 317,517 ; ? , 256,555 235,830 537,611 155,842 91,407 650,228 138,816 107,382 185,381 125,095 302,073 Deferred availability items ^35,255 ^2,794 104,806 33,223 39,242 37,124 15,047 61,631 20,849 13,013 24,605 18,613 24,308 Capital paid in 146,966 10,772 59,581 15,1^6 13,123 5,035 4,4o6 12,796 4,072 3,135 4,056 4,021 10,823 Surplus (Section j) 144,893 9,902 %,964 13,470 14,371 5,186 5,540 21,350 4,655 3,420 3,613 3,777 9,645 Surplus (Section 13 b) 14,820 2,165 1,778 2,09s 1,007 2,084 754 1,391 547 1,003 672 626 695 Reserve for contingencies 30,805 1,648 7,501 2,996 3,000 I,4I6 2,600 5,325 891 1,211 813 1,363 2,041 All other liabilities 8,814 . 345 M 3l 616 44o 165 236 1,552 339 216 321 ISO 273 TOTAL LIABILITIES 8,855,019 654,503 3,1^5,9^ 539,876 723,101 362,121 246,809 1,5^5,553 309,685 233,^31 338,973 200,854 554,164 Ratio of total reserves to deposit and F. R. note liabilities combined 72.4 |6.1 77.0 68.5 70.4 64.7 59.7 7 5 6 3 .6 68.4 65.7 5 9 6 4 .9 Contingent liability on bills purchased for foreign correspondents 48 5 2 7 7 3 3 8 2 2 2 2 5 Commitments to malce industrial advances 16,315 2,64l 6,23s 472 1,437 79s 726 453 1,5^7 32 4l4 1,557 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 Over 6 months 6 months Bills discounted 6,019 3,982 211 698 1,< 81 12 Bills bought in open market 5,307 242 624 M 77 Industrial advances 21,256 94s 883 492 340 2,169 16,424 U. S. Government securities 2,430,431 37,080 41,690 89,784 290,856 308,196 1,662,825 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT OH APRIL XO, 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" 3,445,917 286,382 766,952 249,325 327,524 163,792 144,298 825,360 145,578 108,865 127,756 53,333 246,7<fg Held by Federal Reserve bank 276,588 17,1+22 105,324 12,828 13,217 8,523 17,479 34,075 6,062 4,814 8,244 6,15*4- 42,446 In actual circulation 3.169,329 268,960 661,628 236,497 314,307 155,269 126,819 791,285 139,516 104,051 119,512 ^7,179 204,306 Collateral held by agent as security for notes issued to bank; Gold certificates on hand and due from U. S. Treasury 3,259.979 3016l7 788,706 229,000 328,715 139,340 85,685 792,346 116,632 103,500 122,000 54,175 198,263 ? Eligible paper 4,257 228 2,475 492 108 236 193 — 13 20 62 336 94 U. S. Govt, securities 240,100 22,000 -- 25,000 60,000 4q,000 30,000 6,100 7,000 — 50,000 Total collateral 3,504,336 301,845 791,181 251,492 328,823 164,576 145,878 832,346 146,645 109,620 129,062 54,511 248,357 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis