H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATMTT FOR THE PRESS Released for publication B-801 Friday' morning, May 10; Federal Reserve Board not earlier. May 9» 1935* CONDITION OF FEDERAL RESERVE BAInTICS The daily average volume of Federal Reserve "bank credit outstanding during the week ended May 8,. as reported by the Federal Reserve banks, was $2,^71>000>0°0t an increase of $3,000,000 compared with the preceding week and a decrease of $13,000,000 compared with the corresponding week in 193^• On May 8 total Reserve bank credit amounted to $2,466,000,000, an increase of $3,000,000 for the week. This increase corresponds with increases of $37#000,000 in member bank reserve balances and $7»000,000 in money in circulation and a decrease of $7,000,000 in Treasury and national bank currency, offset in part by an increase of $7,000,000 in monetary gold stock and a decrease of $40,000,000 in Treasury cash and deposits with Federal Reserve ban3.cs. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $13,000,000 in holdings of United States Treasury notes was offset by a decrease of a like amount in holdings of Treasury bills, Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended May 8, 1935, Were aG follows: Increase'or decrease since May 8 May 1 May 9 J321 mi (In millions of dollars) Bills discounted 6 ^i Bills bought 5 U. S. (Jovernment securities 2,430 ~2 Industrial advances (not including IS million commitments - May S) 2b 4-26 Other Be serve bank credit -1 +I4 TOTAL RESERVE BAKK CKSDIT 2,466 +3 ~lg Monetary gold stock 8,728' +7 +972 Treasury and national bank currency 2,536 -7 4-156 Money in circulation 5,^96 +7 Member bank reserve balances ^»75£ +37 +1 080 Treasury cash and deposits with F.R.banks 2,938 J40 ll.60 Nonmember deposits and other F.R.accounts 538 +46 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, May 10 1935» earlier. B-SOla f ASSETS AKD LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) May 8, 1935 May 1, 1935 May 9, 193^, A S S E TS Gold certificates on hand and due 55,,775500,,884444 44,,558855,,003344 from U. S. Treasury 5,765,819 Redemption fund - F. R. notes . . . . .. 20,061 20,522 3p,631 Other cash 237,661 244,515 234.299 Total reserves . . . 6,023,5^1 6,015,881 4,849,964 Redemption fund - F. R. bank notes . . . . 5,791 — Bills discounted: Secured by U.S.Gov't, obligations,direct and/or fully guaranteed 2,639 33,,007744 66,,227777 Other bills discounted . . .. , 3,321 3,304 , 30,297 Total bills discounted . . . . . .. 5,960 6,373 36,574 Bills bought in open market 4,69s 4,696 6,656 Industrial advances 26,410 26,444 — U. S Government securities: # Bonds . . . . . . . .. . . 322,337 "•321,239 407,860 Treasury notes 1,5^3,136 •1.530,779 1,237,089 Certificates and bills . 564,772 "-577,857 786,869 Total U.S. Gov eminent securities . . 2,U30,2U5 2,430,475 2,431,818 Other securities . . . . ___ — — 747 Total bills and securities . . . . . 2,467,313 2,467,993 2,475,795 699 702 3,13^ F. R. notes of other banks . . . . . . .* 17,147 18,982 16,260 Uncollected items 446,015 541,743 406,394 Bank premises . . . . .. 49,634 49,616 52,569 All other assets . 42,479 40.274 184.880 TOTAL ASSETS 9,046,828 9,135,191 7,99^,787 L I A B I L I T I ES F. R. notes in actual circulation . . . . 3,160,066 3,161,879 3,059,927 F. R. bank note circulation - net . . . . 66,252 Deposits: Member bank - reserve account 4,757,60$ 44,,772211,,332200 33,,667777,,886633 U.S.Treasurer - General account ... . 50,969 76,209 60,115 Foreign bank . . . . . . . . . . . . .. 15.470 15,373 6,915 Other deDOsits 261,866 260,677 249,983 Total deposits ... 5,085,913 5,073,584 3,994,876 Deferred availability items . * 448,01b 547,076 401,661 Capital paid in . . . . . . . . . . . .. 146,669 146,666 146,279 Surplus (Section j) 144,3:93 144,893 138,383 Surplus (Section 13 b) . . 19,939 19,209 . Reserve for contingencies . 30,808 30,806 22,531 All other liabilities . . . .. 10.524 11.078 164.878 TOTAL LIABILITIES 9,046,828 9,135,191 7,99^,787 Ratio of total reserves to deposit and F. R. note liabilities combined . . . . 7733..00$$ 73.0$ 68.7$ Contingent liability on bills purchased for foreign correspondents . . . .. . 16 20 4,002 f Commitments to make industrial advances . 18,040 17,051 — •Revised figures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AKD LIABILITIES OF THE FEDERAL RESERVE BAMS ON MAY 8, 1935 A S S E TS (In thousands of dollars) B-SOlb Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 5,765,819 409,223 2,125,695 282,898 1+1*5,038 186,256 117,93^ 1,290,581 152,615 l4l,438 201,095 88,668 324,378 Hedeaption fund - F. R. notes 20,06l 2,06s 1,051 1,627 1,648 l,6l4 3,467 2,516 1,3-12 656 822 374 2,906 Other cash 237,661 25,937 67,332 3*+,3l6 9,706 11,511 13,091 24,966 11,574 11,8§2 10,034 5,303 11,999 Total reserves, 6,023,541 4^7,228 2,194,078 318,841 456,392 199.381 134,492 1,318,063 165,501 153,98b 211,951 94,345 339,283 Bills discounted: Secured by U.S.Gov't. obligations, direct and/or fully guaranteed 2,639 109 1,406 330 30 2 4* 1 « 2 4* . 99 — 4 50 29 220 150 Other bills discounted 3,321 102 2,396 158 11 176 5 — 77 282 60 Total bills discounted 5,960 211 3,802 498 4i 256 275 5 4 50 106 502 210 Bills bought in open market 4,698 346 1,807 475 446 174 169 557 81 65 127 122 329 Industrial advances 26,410 2,154 6,165 3,447 1,31s ^,033 1,124 2,186 533 2,017 962 1,786 668855 U. S. Government securities: Bonds 322,337 19,33^ 110,080 21,091 25,290 13,482 11,196 41,434 12,786 14,544 12,849 17,299 22,952 Treasury notes 1,543,136 100,517 468,911 106,575 136,403 72,716 60,323 255,239 69,462 40,890 68,294 39,363 123,793 Certificates and bills 564,772 37,827 155,327 33,m 51,332 - 21,365 22,701 52,520. 25,952 15,194 25.701 14,813 46.586 Total U.S.Govt, securities 2,430,245 157,678 744,318 167,120 213,025 113,563 94,220 389,843 108,200 70,628 106,844 71,475 193,331 Total bills and securities 2,467,313 160,389 756,092 171,5^0 214,830 118,026 95.788 392,591 108,818 72,760 108,039 73,885 19^,555 Due from foreign banks 699 53 276 72 • 67 26 25 85 5 4 19 18 49 P. R. notes of other banks 17.147 4,494 409 667 1,709 1,234 2,087 1,533 ,727 1,101 306 2,524 Uncollected items 446,015 » 4 7,694 105,768 35,192 39,6b7 39,054 12,849 67,607 20,637 12,434 27,582 15,613 21,918 Bank premises 49,634 3,168 11,724 ^,595 6,629 3,028 2,325 4,955 2,628 1,580 3,448 .1,685 3,869 All other assets 42,479 618 28,707 4,403 2,5^0 1,246 1,713 737 246 625 254 S83 507 TOTAL ASSETS 9,046,828 649,506 3,101,139 535,052 720,792 362,470 248,426 1,786,125 299,36s 242,116 352,394 186,735 562,705 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS OK MAT S, 1935 L I A B I L I T I ES (In thousands of dollars) B-SOlc Total Boston Kew York Phila. Cleve. Rich. Atlanta Chicago St .Louis Minn. Kans.Cv,D allas San Fran. F.R.notes in actual circulation 3,160,066 261,200 647,252 234,497 314,556 14S.977 126,554 787,923 139,030 105,288 120,814 47,958 225,951 Deposits: Member bank - reserve account 4,757,608 305,553 2,003,074 220,905 325,693 155,018 89,16s 875,965 111,95b 103,728 189,016 107*779 269,753 U.S.Treasurer - General account 50,969 2,461 20,880 2,129 3,682 2,069 1,882 3,957 4,105 2,535 4,510 1,057 1,702 Foreign bank 15,U70 1,10S 5,741 1,524 1,463 570 554 1,786 462 369 415 4oo 1,07s Other deposits 261,S66 5,663 189,642 3,999 3,791 4,156 2,799 6,259 12,314 8,340 1,686 1,857 16,360 Total deposits 5,025,913 314,785 2,219,337 233,557 334,629 161,813 94,403 887,967 128,837 114,972 195,^27 111,093 288,893 Deferred availability items 448,016 4s,643 106,516 32,916 ^9,606 37,301 i3,sso 67,11s 21,041 12,Sd8 26,494 17,360 24,273 Capital paid in 145,669 10,763 59.375 15,132 13,126 5,035 4,^7 12,779 3.999 3,127 4,031 4,031 10,824 Surplus (Section 7) 144,893 9,902 49,964 13,470 14,371 5,186 5,540 21,350 4,655 3.420 3,613 3,777 9,645 Surplus (Section 13 b) 19,939 2,165 6,064 2,09s 1,007 2,501 754 1,391 547 1,003 775 939 695 Reserve for contingencies 30,808 l,64s 7,500 2,936 3,000 l,4i6 2,600 5.325 S91 1,211 817 1,363 2,O4I All other liabilities 10,524 4oo 5,125 386 497 241 24s 2,212 368 227 223 214 3*3 TOTAL LIABILITIES 9,046,828 649,506 3,101,139 535,052 7.20,792 362,470 248,426 1,786,125 299,368 242,116 352,394 136,735 562,705 Ratio of total reserves to deposit and F.R.note liabilities combined 73.0 75.9 76.5 68.1 70.3 64.2 60.9 78.6 61.8 69.9 67.0 59.3 65.9 Contingent liability on bills purchased for foreign correspondents 16 1 3 2 1 11 2 11 i ll Commitiaents to make industrial advances 18,040 2,657 7,346 50s 1,467 1,339 725 501 1,254 76 384 160 1,623 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 91 d«ys to Total Within 15 days l6 to 30 days 31 to 60 days bl to 90 days Over 6 months 6 months Bills discounted 5,960 3.S51 621 997 290 170 31 Bills bought in open market 4,698 403 m 257 3,594 Industrial advances 26,410 1,31S 292 337 278 2,421 21,764 U. S. Government securities 2,430,245 48,881 40,903 220,087 189,060 179,797 1,751,517 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON MAY 8, 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.B.Agent 3,421,419 277,248 7^2,045 ?4g,525 328,164 I59,324 144,658 818,707 145,165 109,19^ 12S.91*! 53.^6 265,962 Held by Federal Reserve banlc 2ol,353 l6,04s 94,787 14,028 13,608 10,3^7 1S.,104 30,724 6,135 3,.306 8,127 5.528 40,011 la actual circulation 3,160,066 261,200 647,25s 23M97 314,556 148,977 126,554 787,983 139,030 105,288 120,814 47,958 225,951 Collateral held by agent as security for notes issued to ll ank: Gold certificates on xiand and due from U.S.Treasury 3,286,979 301,617 788,706 227,000 318,715 134,3^0 82,685 827,346 109,632 107,500 125,000 51,175 213,263 Eligible paper 4,390 211 2,303 498 41 233 267 6 4 50 84 502 191 U. S. Govt, securities 225,000 — — 22,000 10,000 25,000 65,000 — 37,000 3,000 5,000 3,000 55,000 Total collateral 3.516,369 301,828 791,009 249,498 328,756 159,573 147,952 827,352 146,636 110,550 130,084 5^,677 268,454 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis