H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-SOl Friday morning, Apr. 19; Federal Reserve Board not earlier. April IS, 1935. CONDITION OF FEDERAL RESERVE B/iKS. The daily average volume of Federal Reserve "bank credit outstanding during the week ended April 17, as reported by the Federal Reserve banks, was $2,^76,000,00Q t an increase of $15,000,000 compared with the preceding week and a decrease of $28,000,000 compared with the corresponding week in 1934* On April 1J total Reserve bank credit amounted to $2,^70,000,000, an increase of $7,000,000 for the week. This increase corresponds with increases of $21^,000,000 in member bank reserve balances, $51,000,000 in nonmember deposits and other Federal Reserve accounts and $25,000,000 in money in circulation, offset in part by an increase of $58,000,000 in monetary gold stock and a decrease of $227,000,000 in Treasury cash and deposits with Federal Reserve "banks. Relatively small changes were reDorted in holdings of discounted and purchased bills and of United States Government securities. Industrial advances show an increase of $5,000,000. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended April 17, 1935, wer® as follows: Increase or decrease since Apr. 17 Apr. 10 Apr. 18 193*? 195? 19^ (In millions of dollars) Bills discounted 7 +1 -33 Bills bought 5 —« -g U. S, Government securities 2,^31 +1 +1 Industrial advances (not including 17 million commitments - April 17) 26 +5 +26 Other Reserve bank credit l +1 -g TOTAL RESERVE BANK CREDIT 2,1+70 +7 -23 Monetary gold stock 8,672 +5S +926 Treasury and national bank currency 2,5^9 — +l6s Money in circulation 5,512 +25 +165 Member bank reserve balances ^,501 +214 +836 Treasury cash and deposits with F*R.banks 3.1^9 -227 -55 Nonmember deposits and other F,R. accounts 522 +51 +124 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, April 19;1935; not earlier B-801a ASSETS AFD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS 00MB IKED (In thousands of dollars) Agr. 17,1235. Apr. IOJ.235. Apr. 18.193*+ A S S E TS Gold, certificates on hand and due from U. S. Treasury 5.682,857 5.592,822 4,476,979 Redemption fund - F. . R- . notes 16,881 17,067 31.^98 Other cash . . .. 228.205 237.245 224.832 Total reserves 5.927.9^3 5,^7,13^ ^,733.309 Redemption fund - F. R. bank notes . . . 8,226 BilJ.3 discounted: Secured by U.S.Gov't, obligations,direct and/or fully guaranteed 3,332 2,818 s,44i Other bills discounted . 3,329 3.201 32,032 Total bills discounted 6,661 6,019 ^0,473 Bills bought in open market 5.302 5,307 13,^99 Industrial advances . . .. 26,163 21,256 U. S. Government securities: Bonds 383,461 384,105 406,277 Treasury notes . . . .. 1,^87.332 1,488,666 1,207,603 Certificates and bills » 560.060 ,557»66Q 816.384 Total U.S.Government securities 2,430,853 2,430,431 2,430,264 Other securities 562 Total bills and securities . . . . 2,468,979 2,453,013 2,484,798 Due from foreign banks . . . . .. . .. 705 700 3,130 F. R. notes of other banks . . .. . . . 16,057 15,933 15,905 Uncollected items . . . . . . . .. . . . 5^9,846 434,605 493,347 Bank premises . . . 49,617 ^9,615 52,556 All other assets . . . . . .. • • • —39,685 ^.019 181.178 TOTAL ASSETS 9,052,832 8,855,019 7.972,449 L I A B I L I T I ES F.R. notes in actual circulation 3,178.871 3,169.329 3,029.647 F.R. bank note circulation - net 83,102 Deposits: Member bank - reserve account . ^,501,203 4,286,830 3,665,012 U.S.Treasurer - General account 205,419 393,068 68,977 Foreign bank , 22,319 17,817 ^,565 Other deposits . . . . .. 206.422 162^3 Total deposits » . >+,977,537 K904,137 3.900,897 Deferred availability items 5^9,980 ^35,255 488,075 Capital paid in 146,957 146,966 146,383 Surplus (Section 7) . . . , 144,893 144,893 138,383 Surplus (Section 13 b) . . . 14,924 14,820 Reserve for contingencies . 30,807 30,805 22,529 All other liabilities . . . 8.863 8.814 163,^3. TOTAL LIABILITIES 9,052,832 8,855,019 7,972,449 Ratio of total reserves to deposit and F. R. note liabilities combined . , , 72.7$ 72.4$ 68.3$ Contingent liability on bills purchased for foreign correspondents , 4o 48 4,669 Commitments to make industrial advances 16,687 16,315 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AM) LIABILITIES OF THE FEDERAL RESERVE BASES ON APRIL 17, 1935 A S S E TS (In thousands of dollars) B-801b Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Sold certificates on hand and due from U. S. Treasury 5,682,857 4l4,319 2,180,318 290,572 440,497 179,261 118,297 1,151,^7 170,912 132,737 192,989 91,879 319,623 Redemption fund - F. R. notes 16,881 210 1,368 1,750 816 2,07S 3,053 2,682 344 432 87O 156 3 122 Other cash 228,205 24,224 65,335 31,544 9,202 9,042 11,950 25,279 10,450 11*097 10,319 5,344 I3I713 Total reserves ,5.927,9^3 ^3*.753 2,247,021 323,972 451,121 190,381 133.300 1,179,181,706 144,266 204,17s 97,379 336,1+53 Bills discounted: Secured by U.S.Gov't, obligations, direct and/or fully guaranteed 3,332 7jk l,4b7 338 96 237 65 13 60 29 138 115 Other bills discounted 3,329 92 2,493 165 22 62 113 12 3 2 72 253 40 Total bills discounted 6,66l 866 3,960 503 118 299 178 12 l6 62 101 391 155 Bills bought in open market 5,302 390 2,027 536 504 196 191 62S 99 79 1U3 138 371 Industrial advances 26,163 2,187 6,117 3.720 1,337 3,612 1,050 2,208 5I+3 1,950 971 1,789 679 U. 3. Government securities: Bonds 333,^61 23,099 131,0^5 25,018 30,1*00 16,206 13,484 49,280 15,869 16,580 15,407 19,485 27,588 Treasury notes 1,487,332 97,085 445,460 102,995 131.7^5 70,233 52.262 248,736 66,607 39,569 65,962 41,112 119,566 Certificates and bills 56o,o6o 37,494 162,813 39,107 50.2S0 27,124 22,501 91.827 25,724 15,q6q 25,475 15,878 46,177 Total U.S.Govt, securities, 2,430,853 157,678 739,318 167,120 213,025 113,563 94,247 389,243 108,200 71,209 106,844 76,475 193.331 Total bills and securities 2,468,979 161,121 751,^22 171,279 2i4,qs4 117,670 95,666 392,691 108,858 73,300 108,059 78,793 194,536 Due from foreign banks 705 53 282 72 67 26 25 85 5 4 19 18 49 F. R. notes of other banks 16,057 330 3,461 373 1,056 1,805 932 2,126 1,646 881 1,259 302 i,ss6 Uncollected items 549,846 5*. 233 139,074 41,993 50,417 45,954 18,929 78,430 23,490 13,706 32,5^2 22,506 27,972 Bank premises 49,617 3, lbS 11,724 4,579 6,629 3,028 2,325 4,955 2,628 1,580 3,447 1,685 3,869 All other assets 39,685 638 25,449 4,463 2,880 1,276 1,749 684 236 651 273 870 516 TOTAL ASSETS 9,052,832 658,896 & 178,^33 5^7,331 727,15^ 360,140 252,926 1,658,379 312,569 234,32s 349,777 201,553 565,286 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON APRIL 17, 1935 L I A B I L I T I ES (In thausands of dollars) B~g01c Total Boston New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Minn. Kans.Cy, Dallas San Fran. F.R»notes in actual circulation 3*178,871 267,608 665,445 239,220 312,032 153,875 127,329 792,511 l40,46l 104,508 120,287 47,214 208,315 Deposits: Member bank - reserve account ^,501,203 292,598 1,923.301 222,646 31^,175 137,592 88,897 721,3^8 125,342 97,715 181,296 112,160 278,129 U Fo .S r . e T ig r n e a b su an re k r - General account 2 2 0 2 5 , , 3 4 1 19 9 ^ 1, , 5 9 9 0 8 5 14 8 2 , , 2 53 9 0 4 2,1 2 9 k 7 l 1 2 0 , , 1 9 0 ^ 8 3,8 8 1 2 7 1 1,7 7 2 9 4 9 1 2 3. , 9 5 4 7^ 5 ^,5 6 8 6 7 6 8 53 10 3 4,4 5 2 9 4 9 4,4 5 8 7 8 7 1 1 2 , , 5 9 5 9 3 9 Other deposits 5,973 177.582 6.803 6.082 6.469 2,976 ^ 19 12.062 8.110 1.348 2,95^ 14.818 Total deposits ^,977,537 311,074 2,251,707 231,887 333,31^ i4S,699 94,396 741,286 1^2,657 107,172 187,667 120,179 307,499 Deferred availability items 5^9,980 55,^12 138,376 42,I4I >+9,854 43,660 17,632 81,973 24,958 13,600 32,282 24,070 26,022 Capital paid in 146,957 10,770 59,578 15,178 13,125 5,035 4,402 12,794 4,072 3,133 4,032 4,018 10,820 S S u u r rp p l l u u s s ( ( S S e e c c t t i i o o n n 7 1 ) 3 b) 144,893 9,902 49,964 13,470 14,371 5,186 5,54O 21,350 4,655 3,^20 3,613 3,777 9,645 Reserve for contingencies 14,924 2,165 1,778 2,098 1,007 2,085 754 1,391 547 1,003 775 626 695 All other liabilities 30,807 l,64s 7,501 2,996 3,000 l,4i6 2,600 5,325 891 1,211 815 1,363 2,041 8,863 21Z_ 4.084 M. 445 184 1,7^9 328 341 306 306 24S_ TOTAL LfiLBILITIES 9,052,832 658,896 3,178,433 5^7,331 727,15^ 360,i4o 252,926 1,658,379 318,569 234,388 3^9,777 201,553 565,286 Ratio of tot^l reserves to deposit and I. R. note liabilities combined 72.7 75.8 77;o 68.8 69.9 62.9 60a 76.9 64.2 68.2 66,3 5S.2 65.2 Contingent liability on bills purchased for foreign correspondents 40 Commitments to make industrial 3 15 ** 4 l 1 51 1 1 l 3 advances l6 ggy > 2,671 6,255 ^73 1,437 998 726 501 1,487 35 384 160 1,560 MATURITY' .DISTRIBUTION OF BILLS A1ID SECURITIES Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days 91 days to Over 6 months 6 months Bills discounted 6,661 ^,586 238 718 1,014 Bills bought in open market 5,302 3,703 265 727 607 87 18 Industrial advances 26,163 1,527 , 37U 394 U. S. Groveraaeent securities 360 2,304 21,204 2,430,853 41,078 ^8,765 264,351 109,325 3^9,833 1,617,501 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT OH APRIL 17, 1935 (In thousands of dollars) B~801d Total Boston Hew York Phi la, 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,^2,8 7 8 28 3 , 5 69 763.231 252,3^1 326,121 l6 3 ,7l6 1^3,816 823,307 1*5,768 102,976 128,036 53,625 250,312 Held "by Federal Reserve bank 26U.007 15,961 97,7^6 13,121 14,143 9,841 lb,42 30,79b 5O07 4,ho« ti^f,, 7 In actual circulation 3,178,371 267,608 665,^5 239,220 312,038 153.275 127,389 792,511 l*K>,H6l 10U,508 120,287 U7.2lU 208,315 Collateral held by agent as security for notes • issued to bank: ^e fro.mTCs!e?reaswd ^ 3,292,979 301,617 788,706 2 0,000 318JI5 1 3 ^0 8 ,68 827,3*6 120,b 2 10 ,500 120,000 2,175 210,263 3 5 5 3 3 5 Eligible paoer *,97* 859 2,39* *93 108 271 172 — 13 60 72 385 147 U.f.fovt? securities 212 t 100 - -- 22,Qo6 10,000 30,000 60,000 - 27 ,000 6,100 10,000 2,000 ^5,000 Total collateral 3,510,053 302,^6 791,100 252,*93 328,823 l6H,6ll 1^5,857 827,3*6 1*7,6^5 109,660 130,072 5^,560 255/410 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis