H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS Released for publication B~SQ1 Friday morning, May 2U; Federal Reserve Board not earlier. Hay 23 > 1935• CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended May 22, as reported by the Federal Reserve banks, was $2, *+76,000,000, a decrease of $9,000*000 compared with the preceding week and an increase of $1,000,000 compared with the corresponding week in 193^# On May 22 total Reserve bank credit amounted to $2,U59tOOO,000, a decrease of $1^,000,000 for the week. This decrease corresponds with a decrease of $13,000,000 in money in circulation and an increase of $25,000,000 in monetary gold stock, offset in part by an increase of $18,000,000 in nonmember deposits and other Federal Reserve accounts, and $5 000,000 in Treasury cash and deposits with Federal Reserve t banks and a decrease of $3 000,000 in Treasury and national bank currency. f Relatively small changes were reported in holdings of discounted and purchased bills, U. S Government securities and industrial advances. # Changes in the amount of Reserve bank credit outstanding and in related items during the week and year ended May 22, 1935» were as follows: Increase or decrease since May 22 May 15 May 23 .1231. 1934 (In millions of dollars) Bills discounted 7 -27 Bills bought 5 — U. S* Government securities 2,430 — — Industrial advances (not including 19 million +27 commitments - May 22) 27 Other Reserve bank credit -9 -8 TOTAL RESERVE 33AHK CREDIT 2,459 -10 Monetary gold stock 8,762 +25 +996 +156 Treasury and national bank currency 2,531 -3 -13 +165 Money in circulation 5,481 Member bank reserve balances 4,821 -1 +1,054 Treasury cash and deposits with F,R .banks 2,906 +5 -146 +69 Nonmember deposits and other F.R.accounts 541+ +18 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, May 24,1935; not earlier. B 801a T *i5S3£S AND LIABILITIES OF T3JS TtELVf FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) May 22.1935 May 15,1935 May 23.1931* A S S E TS Gold certificates on hand and due from U. S. Treasury 5,020,788 5.791.839 4,633.584 Redemption fund - F. R. notes . . . .. 21,064 20,063 29,923 Other cash 232.782 235,981 238, l4g t Total reserves 6,074,634 6,047,883 4,901,649 Redemption fund - F. R. bank notes . .. 5,35^ Bills discounted; Secured by U.S.Gov't, obligations,direct and^or fully guaranteed 3,388 3.531 6,471 Other bills discounted 3.370 3.124 27.780 6,75s 6,655 Total bills discounted 3^,251 Bills bought in open market 4,700 4,705 5.263 26,895 Industrial advances . . . . . .. . .. 26,546 U. S. Government securities! Bonds 335,621 333.5^2 406,208 Treasury notes 1,540,402 l»5*H,o53 1,217,000 Certificates and bills 554.304 555.160 806.9<?2 Total U.S. Government securities . 2,430,327 2,430,355 2,430,200 Other securities —- — _ 546 Total bills and securities . . .. 2,46S,6SO 2,468,261 2,470,260 Due from foreign banks 69s 694 3,134 16,506 F. R. notes of other banks 16,820 16,995 Uncollected items . . .. 478,931 582,111 423,048 Bank premises 49,701 49,690 52,597 All other assets . . .. • 44.942 44.077 187.225 TOTAL ASSETS 9,134,406 9,209,222 8,060,262 L I A B I L I T I ES F. R. notes in actual circulation , . . 3,148,543 3*154,374 3.038,297 F. R. bank note circulation - net . .. — — 61,439 Deposits: Member bank - reserve account . . .. 4,821,304 4,822,322 3,767,269 U.S.Treasurer - General account . .. 37,317 34,693 51,343 Foreign bank 22,376 18,733 5»6l0 262,888 Other deposits . . 248.418 236.809 Total deposits . .. 5,l43,SS5 5,124,166 4,061,031 Deferred availability items 483,889 577,946 427,374 Capital paid in 146,649 146,660 146,470 Surplus (Section 7) . .. 144,893 144,893 138,383 Surplus (Section 13 b) 19,939 19,939 Reserve for contingencies 30,777 30,810 22,532 All other liabilities 10,831 10.434 164.736 TOTAL LIABILITIES 9,134,406 9.209,222 8,060,262 Ratio of total reserves to deposit and F. R. note liabilities combined . , . 73*3$ 73.1$ 69.0$ Contingent liability on bills purchased for foreign correspondents 2 l6 3,268 Commitments to make industrial advances 12,640 18,515 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AHD LIABILITIES OF THE FEDER/SL RESERVE BAMS OK MAY 22, 1935 A S S E TS (In thousands of dollars) B-gOlb 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 5,820,788 397.726 2,177.232 281,467 438,213 173.572 108,835 1,336,724 151.64i 1^5,755 191.ISO 90,421 328,022 Redemption fund - F. R. notes 21,064 2,015 1.806 1,554 1,589 1.864 3,858 2,407 1,279 629 8O7 366 2,890 23,905 67,611 other cash 232,782 33.079 8,907 H,182 11,780 24,426 12,l66 12,085 10,920 5.339 11.382 Total reserves 6,074,634 423,646 2,246,649 316,100 448,709 186,518 124,473 1,363,557 165,086 158,469 202,907 96,126 342,294 Bills discounted: Secured by U.S.Gov't, obligations, direct and/or fully guaranteed 3.388 616 1,432 37s 130 161 118 50 14 50 22 262 155 Other bills discounted 3,370 200 2,375 13s 22 63 178 10 —— 66 267 51 Total bills discounted 6,758 816 3.807 516 152 224 296 50 24 50 88 529 206 Bills bought in open market 1+.700 31+6 1,810 475 446 174 169 557 81 64 127 122 329 Industrial advances 26,895 2,188 6,198 3,420 1.457 4,280 1,110 2,183 557 2,003 1,021 1,803 675 U. S. Government securities: Bonds 335.621 20,256 113.776 22.062 26,556 14,156 11,757 42,628 13,425 15,002 1133,,448822 1177,,666644 2244,,884477 Treasury notes 1,540,1+02 100,324 468,146 106,371+ 136,11+1 72,576 60,207 251.653 69,330 40,811 68,163 39,287 127,390 Certificates and bills 55i+,30i+ 37,02b 162,396 38,684 50,328 25,830 22,257 89,562 25,445 14,597 25,199 14,524 47,094 Total U.S.Govt. securities 2.430,327 157,678 71+4,318 167,120 213,025 113,562 94,221 383,843 108,200 70,710 106,844 71,475 199,331 Total bills and securities 2,1+68,680 161,02s 756,133 171.531 215,080 118,240 95,796 386,633 108,862 72,827 108,080 73,929 200,541 Due from foreign banks 33s 53 275 72 67 26 25 85 5 4 19 18 49 F. R. notes of other banks 16,820 375 4,722 320 1,095 1,629 1,232 2,587 915 1,026 1.085 286 1,548 Uncollected items 47s,931 50,318 115.906 43,363 44,770 43.795 15.724 68,108 20,632 11,771 26,732 .17,284 20,528 Bank premises 49,701 3.16c 11.791 4,595 6,629 3,028 2.325 4,955 2,628 1,580 3,448 1,685 3,869 All other assets l+l+,9l+2 529 32,047 4,396 1,806 1,225 1,722 776 226 566 257 892 500 TOTAL ASSETS 9,134,406 639,117 3,167,523 540,377 718*156 354,561 21+1,297 1,826,701 298,35!+ 21+6,21+3 31+2,528 190,220 569,329 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSSTS AND LIABILITIES OF THE FEDERAL RESERVE BAHKS ON MAY 22 , 1935 L I A B I L I T I ES (In thousands of dollars) B-80ic Total Boston ITew York Phila. CIeve. Bich. Atlanta Chicago St. Louis Minn. Kans.Cy. Dallas San Fran, 11+8,190 12l+,696 1+7,76U F.R.notes in actual circulation 3.1^,5*43 262,71*8 651,857 233,30U 313,287 783,666 137,915 iOl+,575 120,518 220,023 Deposits: Member bank - reserve account U,821.30^ 29^,72b 2,05^,1+39 219,250 320,257 11+3,520 80,669 918,901+ 112,929 111,280 181,221+ 108,822 275,281+ U.S.Treasurer - General accoijnt 37,317 1,600 10,301+ 1,000 1,383 1,670 3,915 5,*+53 i+,6l+6 1,390 3,757 1,665 53*+ Foreign bank 22,376 1,5^2 8,81+1+ 2,120 2 f 03l+ 792 771 2,1+SU 61+2 51U 577 557 1,1+99 Other deposits 262,888 ' 2,951 198,15S 8,681+ 3,868 2,5l»8 ?,932 2,5^+g 9,821+ 7,5^0 966 1,79*+ 21,075 Total deposits 5,11+3,885 300,819 2,271,7^ 231,051+ 327,5^2 11+8,530 83,287 929,389 128,01+1 120,721+ 186,521+ 112,838 298,392 Deferred availability items 1+88,889 50,653 115,53S 1+1,903 ^5,267 43,1+24 ll+,720 70,91+8 21,858 11,961+ 26,030 19,282 27,302 Capital paid in 11+6,61+9 10,761 59,365 15,125 13,126 5,035 U.Ul+S 12,785 3,999 33,,112255 l+,02b 4,027 10,827 Surplus (Section 7) li+l+,893 9,902 49.961+ 13,1+70 1^,371 5,186 5,5l+0 21,350 i+,6p5 33,,11++2200 3.613 3,777 9,61+5 Surplus (Section 13 t>) 19,339 2,165 6,o6i+ 2,09s 1,007 2,501 75I+ 1,331 5U7 1,003 775 939 695 Beserve for contingencies 30,777 1,61+8 7,500 2,936 3,000 1,1+16 2,601 5,325 S91 1,176 820 1,363 2,01+1 All other liabilities 10,831 1+21 5,1+90 1+27 556 279 251 l,Si+7 1+1+8 256 222 230 1+01+ TOTAL LIABILITIES 9,131+, 1+06 639,117 3,167,523 5^0,377 713,156 35^,561 21+1,297 1,826,701 29s,35*+ 21+6,21+ 331+2,52S 190,220 569,329 .Ratio of total reserves to deposit and F.2.note liabilities combined 73*3 75»2 76.S 68.1 70.0 62.9 5S.U 79.6 62.1 70.3 66.1 59.9 66.0 Contingent liability 011 bills purchased • * * * for foreign correspondents 2 * Commitments to make industrial advances 18,61+0 2,707 7,338 KS8 1,1+57 1,382 . 7*+L 501 1,706 75 339 160 1,71+6 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 6,753 5,107 651 2l+5 318 222 15 Bills bought in open market l+,700 502 583 5l+i+ 3,071 Industrial advances 26,895 1,1+07 107 339 236 2,S11 21,995 U. S. Government securities 2,1+30,327 1+0,903 1^7,351 113,297 190,87!+ 135,^7 1,802,1+55 •Less than $500. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT OH MAY 22, 1935 (In thousands of dollars) B-SOld Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Lo-uis Minn, Kans.Cy. Dallas San Fran. Federal Reserve notes: issued to F.R.banir by ?.R.Agent 3^25.006 277,357 755.771 2*+7»36i 327.^93 159.0S3 11+2,903 816,623 1^3,591 109,575 129,156 -?U,33S 261,2^5 Held by Federal Reserve bank 276,U6j lU,S09 103,91^ 1^,557 1^,211 10,393 15,207 32,962 5,676 5,000 8,638 6,57^ Ul,222 In actual circulation 3.1^,5^3 2b2,f4S 651,857 233,30U 313.237 lUS,190 12^,696 723,666 137,915 10^,575 120,513 1+7,764 220,023 Collateral held by agent as security for notes issued to bank: Gold certificatss on hand and due from "J S. Treasury 3,232,979 301,617 733,706 227,500 3^.715 129.3^0 32,635 827,3*+6 107,632 110,500 130,000 1+9,675 213,263 : Eligible piper 5,23.2 81b 2,313 516 152 201 293 50 2U 50 J2 529 196 U. S. C-ovt.. sectorities 22^', yOO 22.-000 15,000 30.000 65,000 — 37,000 — U.500 51,000 Total collateral 3,512,691 302,^33 791,019 250,016 329,367 159.5^1 1^7,973 327,396 1^4,656 110,550 130,072 54,70^ 264,1+59 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis