H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PHESS Released for publication B-SOl Friday morning, June 7; Federal Reserve Board not earlier. June 6, 1935• CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the l 1+ 00 week ended June 5* reported by the Federal Reserve banks, was $2,+7 »0 >000^ a decrease of $1,000,000 compared with the preceding week and an increase of $4,000,000 compared with the corresponding week in 193^* On June 5 total Reserve bank credit amounted to $2,^7f>f °00 000, an increase of f 000 $8,000,000 for the week. This increase corresponds with increases of $S7>000» in member bank reserve balances, $60,000,000 in Treasury cash and deposits with Federal Reserve banks and $3,000,000 in money in circulation and a decrease of $5*000,000 in Treasury and national bank currency, offset in part by an increase of $81,000,000 in monetary gold stock and a decrease of $67,000,000 in nonmember deposits and other Federal Reserve accounts. Relatively small changes were reported in holdings of disco-unted and ptrch&sed bills and industrial advances Increases of $6,000,000 in holdings of United f States Treasury bills and $2,000,000 in United States bonds were offset by a decrease of $8,000,000 in holdings of United States Treasury notes* Changes in the amount of Reserve bank credit outstanding and in related items w ere as during the week and the year ended June 5t 1935 » follows: Increase or decrease since June 5 May 29 June 6 19^ 19??, (in millions of dollars) Bills discounted g -21 Bills bo-ught . 5 U. S. Government securities 2.U30 Industrial advances (not including 20 million commitments - June 5) 27 +27 Other Reserve bank credit 5 +S -5 TOTAL RESERVE BANK CREDIT 2,^75 +2 Monetary gold stock 8.916 +S1 +1,126 Treasury and national bank currency 2.521 -5 Money in circulation 5,51^ +3 +172 Member bank reserve balances k&k +87 +1.127 Treasury cash and deposits with F,R.banks 3,030 +60 -I* Nonmember deposits and other FRaccounts ^53 -67 -14 t # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

n ot Released for publication Friday morning, June 7»1935» earlier, B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDEBAL RESERVE BANKS COMBINED (In thousands of dollars) June 5,1935 May 29,1935 June 6.193** A S S E TS Gold dertificates on hand and due from U. S. Treasuxy • . . . . 5,909t299 5,868,300 44,,770066,,115577 Redemption fund - F. R. notes . . . . .. 22,2^8 22,249 30,010 Other cash . . 222*922 219,19^7. 223,321 Total reserves • . • 6,15^529 6,110,496 4,959,488 Eedemption fund - F. R. bank notes . . 4,434 — — f Bills discounted: Secured by U.S .Gov't. obligations,direct and/or fully guaranteed . MM 9900 4,914 5.663 Other bills discounted . . . . . . .. Km 3,372 23,33^ Total bills discounted . . . . .. 8,083 8,286 28,997 Bills bought in open market 4,700 4,700 5,221 Industrial advances . . . . . 27,022 26,977 -- U. S. Government securities: Bonds . . . . . .. 316,852 314,512 406,258 Treasury notes . . • • • . . . • • •• 1,552,980 1,561,448 1,214,508 Certificates and bills . . . • . . . . 554,304 809.470 Total U.S.Government securities . . 2,1+30,206 2,430,264 2,430,236 Other securities . . . . . .. 534 Total bills and securities . . . . 2,470,011 2,470,227 2,464,988 Due from foreign banks . . . . . . . .. 700 700 3,122 F. R. notes of other banks . . . . . .. 15,888 15,743 18,451 Uncollected items • . . . . U998Sl 455,926 >+35.751 Bank premises . . . . . . . .. f 49,701 52,609 ^9.711 H7.620 47.086 18?,389 TOTAL ASSETS 9,238,3^0 9*l 5+ 9»379 8,127,232 L I A B I L I T I ES F»Rnotes in actual circulation . . . . 3,182,0^9 3,171,650 3,068,807 # F.R* back note circulation - net . . .. 5588,,774488 - —- Deposits: Member bank - reserve account • . . . . 4,914,24l 4,826,596 3,787,048 U.S.Treasurer - General account . . .. 95.442 74,472 75.758 Foreign bank 21,996 ^7,345 3,686 Other deposits . . .. 174.468 215,021 225.816 Total deposits 5.206,147 5,163,434 4,092,30s Deferred availability items 496,046 460,029 429,302 Capital paid in 146,62s 146,654 146,433 Surplus (Section 7) * lU4,S93 l44S93 138,383 Surplus (Section 13 b) * . . . 20,065 20f,065 Reserve for contingencies . . . . . . .. 30,781 30,782 22,532 All other liabilities . . * * 11.731 12,372 170,719 TOTAL LIABILITIES 9,23S,340 9,149,879 8,127,232 Ratio of total reserves to deposit and F. R. note liabilities combined . . . * 7733 73.3^ 6699..33$$ Contingent liability on bills purchased for foreign correspondents . . . . .. 2,447 -- Commitments to maize industrial advances . 19,628 19,425 — Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BAMS ON JUNE 5, 1935 A S S E TS (In thousands of dollars) B-SOlb Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St,Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. s. Treasury 5.909.299 407,774 2,214,939 280,864 1+28,217 185,440 115,130 1,356,629 168,289 145,324 193,072 88,380 325,241 Redemption fund - F. B. notes 22,248 3,961 1,552 1,4144 1,1+97 1,969 3,766 2,27? l,2l+7 607 760 3I+5 2,828 2.3, $¥+ 10,87? 1P.5Q3 10,809 Total reserves 6,15!+,529 1+32,100 2,283,079 313.788 1+36,985 197,721 129,866 1,382,51+5 180,1+08 158,1+3!+ 201+.61+1 94,899 340,063 Bills discounted: Secured by U.S.Gov't, obligations, direct and/or fully guaranteed l+,690 923 2,017 11++11++88 331100 llll++22 6655 100 5511++ 85 34 297 215 Other bills discounted 3,393 181+ 2,31+9 177 22 72 208 6 10 — 62 252 51 Total bills discounted 8,083 1,107 1+.366 625 332 211+ 273 106 61+ 85 96 549 266 Bills bought in open market 1+.700 3I+6 1,807 1+76 1+1+6 171+ 169 558 81 65 127 122 329 Industrial advances 27,022 2,135 6,383 3,321 1,1+49 1+.392 1,096 2.169 553311 2,004 11,,002266 11,,779900 667766 U. S. Government securities: Bonds 316,852 19,162 106,391+ 20,910 25,056 13.357 11,101+ 39,780 12,667 15,017 12,731 17,230 23,444 Treasury notes 1.552,980 101,000 1+73,828 107,079 137,059 73.066 60,613 21+9,819 69,794 1+4,297 68,623 39,553 128,249 Certificates and bills 560.371+ 37.516 l64.0°6 3<5.131 50.910 27.11+0 22.511+ Sq.244 25.7*1 16.264 ?5.4qo i46q? 47,6^ t Total U.S.Govt, securities 2,1+30,206 157,678 7l+i+,3l8 167,120 213,025 113.563 94.231 378,81+3 108,200 75,578 106,844 71,475 199,331 Total bills and securities 2,1+70,011 161,316 756,871+ 171.51+2 215,252 118,31+3 95,769 381,676 108,876 77,732 108,093 73,936 200,602 Due from foreign banks 700 52 27s 72 67 26 25 85 5 4 19 18 49 F. R. notes of other banks 15,888 311 3,503 321 951 1.567 1,186 2,559 1,216 968 1,383 292 1,631 Uncollected items 1+99,881 1+9,203 112,588 38,588 1+5,366 50,378 19,798 66,009 26,589 13,936 29,519 24,44o 23,467 Bank premises 1+9,711 3,168 11,791 4,605 6,629 3,028 2,325 !+»955 2,628 1,580 3,448 1,685 3,869 All other assets 1+7,620 521+ 34,816 4,4}2 1,591 1,239 1.707 m 233 370 272 936 505 TOTAL ASSETS 9,238,31+0 61+6,671+ 3,202,929 533,31+8 706,81+1 372,302 250,676 1,838,62!+ 319*955 253,221+ 31+7,375 196,206 570,186 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS MD LIABILITIES OF THE FEDERAL BESERVE BAEKS OH JUIIE 5, 1935 L I A B I L I T I ES (In thousands of dollars) B-801c Total Boston Hew York Phila. Cleve. Hich. Atlanta Chicago St.Louis Miim. Kans.Cy. Dallas San Pran, J 1 R .notes in actual irculation 3,182,049 267,09s 672,27s 234,584 312.375 149,726 125,435 789,186 139.121 103,037 120,Si4 50,377 217,418 # Deposits: Member bank - reserve account 4,914,241 299.361 2,122,295 216,614 306,644 152,312 85,481 927,005 126,973 116,866 182,885 107,792 270,013 U.S.Treasurer - General account 95,442 2,324 48,245 1,950 5,722 1.647 2,159 5,491 7,290 1,927 ^,525 96 14,066 Foreign "bank . 21,996 1,574 8,181 2*164 2,077 809 787 2,536 656 525 588 569 1,530 Other deposits 17446S 2,546 111.SS7 7.212 2,7^0 9.080 7.0*5 i.4s6 1.7*51 13.297 t Total deposits 5,206,147 305,905 2,290,608 227,940 318,404 159,207 91.157 938,405 143,999 126,354 189,454 110,20s 304,506 Deferred availability items 496,046 48,757 110,328 36,618 43,998 48,951 20,432 68,251 26,277 14,903 27,618 25.285 24,62s Capital paid in 146,628 10,761 59,355 15,125 13,126 5,039 4,451 12,789 3,993 33..1111SS ^,037 4,021 10,808 Surplus (Section 7) 144,893 9,902 %,964 13,470 14,371 5,186 5,540 21,350 4,655 33,,^^2200 3,613 3.777 9,645 Surplus (Section 13 b) 20,065 2,165 6,190 2,09s 1,007 2,501 754 1,391 547 1,003 775 939 695 Eeserve for contingencies 30,731 1,648 7,500 2,995 3,000 l,4iS 2,601 5.325 891 1,176 S25 1,363 2,041 other liabilities 11.731 433 6,106 518 560 276 306 1,927 467 211_ 239 236 445 TOTAL LIABILITIES 9,23s,3U0 6^6,674 3,202,929 533,3^ 706,s4i 372,302 250,676 1,838,624 319,955 253,224 347,375 196,206 570,186 Batio of total reserves to deposit and P.E.nate liabilities combined 73**+ 75 ^ 77.0 67.8 69.3 64.0 60.0 80.0 63.7 69.1 66.0 59.1 65.2 Conmitments to make industrial advances 19,688 2,946 7,606 477 1,486 1,500 714 501 1,758 75 332 4oo 1,893 MATURITY DISTRIBUTION OP 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 b months Sills discounted 8,083 6,675 197 317 644 238 12 Bills bought in open market 4,700 1,121 1,642 1,197 734 Industrial advances 27,022 1.256 224 320 349 2,895 21,978 U. S. Government securities 2,430,206 137,422 63,810 186,005 82,679 160,692 1,799,598 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERA.L RESERVE HOTS STATE-CENT OH JUKE 5, 1935 (In thousands of dollars) B-SOld Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St»I«ouis Minn, Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F .Regent 3,451,338 220,726 766,035 249,392 325,890 160,187 142,529 824*438 147,87? 108,791 129,694 57,181 258,603 Held by Federal Reserve bank 269.289 13,628 93,157 14,808 13,515 lO,46l 17,094 35,252 8,751 5,754 8,880 6.804 41.185 In actual circulation 3,182,049 267,098 672,878 234,584 312,375 149,726 125,435 789,186 139,121 103,037 120,814 50,377 217,418 Collateral held by agent as security for notes issued to bank: & old certificates on hand and due from U. S. Treasury 3,288,479 301,617 788,706 224,500 312,715 130,340 82,685 827,346 119,632 110,000 125,000 52,675 213,263 Eligible paper 6,524 1,107 2,878 625 312 190 272 106 64 85 80 549 256 U. S. Govt, securities 225,500 -- — 25,000 15,000 30,000 65,000 — 30,000 — 5,000 4,500 51,000 Total collateral 3.520,503 302,724 791,584 250,125 328,027 160,530 147,957 827,452 149,696 110,085 130,080 57,724 264,519 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis