H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-SOl Friday morning, June ik; Federal Reserve Board not earlier June 13, 1935. CONDITION OF FEDERAL RESERVE BANES The daily average volume of Federal Reserve bank credit outstanding during the week ended June I2 as reported by the Federal Reserve banks» was f $2,U76,000,000, an increase of $2,000,000 compared with the preceding week and of $32,000,000 compared with the corresponding week in 193^» On June 12 total Reserve bank credit amounted to $2,^+72,000,000, a decrease of $3,000,000 for the week. This decrease corresponds with decreases of $21,000,000 in money in circulation and $U2,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $100,000,000 in monetary gold stock, offset in part by increases of $135,000*000 in member bank reserve balances and $19,000*000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $7,000,000 in Treasury and national bank currency* Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $Ul,000,000 in holdings of United States Treasury bills was offset by a decrease of $1+1,000,000 in holdings of United States Treasury notes* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended June 12, 1935» were as follows: Increase or decrease since June 12 J^ne 5 J^6 13 19V? 19V? I9fr (in millions of dollars) Bills discounted g -20 5 Bills bought U. S. Government securities 2,^30 Industrial advances (not including 20 million commitments - June 12) 27 +27 Other Reserve bank credit 2 -6 TOTAL RESERVE BA2JK CREDIT 2,^72 -~33 Monetary gold stock 9,016 ++110000 +1,196 Treasury and national bank currency 2.51^ -7 -7 +153 Money in circulation 5.^93 -21 +180 Member bank reserve balances 5.0^9 +1.15^ Treasury cash and deposits with F.R.banks 2,983 Nonmember deposits and other F,R*accounts U72 +19 -47 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June l4,1935;not earlier. B-801a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) June 12,19-55 June 5.1935 June l?,!?^ A S S E TS Gold certificates on hand and due from U. S. Treasury 6,019,475 5.909.299 4,787,162 Redemption fund - F. R. notes . . . .. 21,859 22,248 28,200 Other cash 233.432 222.982 233.854 Total reserves ... 6,274,766 6,154,529 5,049,216 Redemption fund - F. R. bank notes . . — — 695 Bills discounted: Secured by U.S .Gov't. obligations,direct and/or fully guaranteed . . . . .. 4,434 4,690 6,095 Other bills discounted . . . . . .. 3,300 3.393 21.781 Total bills discounted 7,734 8,083 27,876 Bills bought in open market 4,706 4,700 5,201 Industrial advances . . • 27,282 27,022 U. S. Government securities: Bonds . . . . . .. 3l6,90H 316,852 406,4l6 Treasury notes 1,512,480 1,552,980 1,202,264 Certificates and bills 600.879 560.374 821.726 Total U.S. Government securities 2,430,263 2,430,206 2,430,406 Other securities . «— 534 Total bills and securities . , . 2,469,985 2,470,011 2,464,017 Due from foreign banks . ggij. 700 3,128 F. R. notes of other banks 18,020 15,888 18*165 Uncollected items 523!601 499,881 494,632 Bank premises 49,814 %,7H 52,6l0 All other assets ... , 49,592 47.620 193.123 f TOTAL ASSETS 9,386,472 9,238,340 8,279,586 L I A B I L I T I ES F«R. notes in actual circulation , , . 3,178,446 3,182,049 3,054,479 F.R.bark note circulation - net . . , . — — 57»3*K) Deposits: Member bank - reserve account . . .. 5,049,181 4,9l4,24l 3,895,108 U.S.Treasurer - General account . . . 65,780 95,442 47,893 Foreign bank 20,74l 21,996 4,322 Other deposits . 193.407 174.468 246.474 Total deposits 5,329,109 5.206,147 4,193,797 Deferred availability items. . . , , 521,872 496,046 489,990 Capital paid in . . .. 146,622 146,628 146,460 Surplus (Section j) 144,893 144,893 138,383 Surplus (Section I3 b) 20,482 20,065 Reserve for contingencies . . . , ,, 30,776 30,781 22,533 All other liabilities . . 14.272 11.731 176.604 TOTAL LIABILITIES . . .. 9,336,472 9.238,340 8,279;,586 Ratio of total reserves to deposit and F, R, note liabilities combined . . 73.8$ 73/$ 69.7$ Contingent liability on bills purchased for foreign correspondents . . . .. — — 2,093 Commitments to make industrial advances 20,008 19,688 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AMD LIABILITIES OP THE FEDERAL RESERVE BAHKS OH JUNE 12, 1935 A S S E TS (In thousands of dollars) B~801b> Total Boston New York Fhila* Cleve* Rick* Atlanta Chicago St.Louis Minn* Kans.Cy, Dallas San Eran, Gold certificates on hand and due from V. S Treasury 6,019,^75 l*o6.596 2,226*505 281,926 *ttg l6s 173*518 12^,290 1^09,629 177.631* 1^1,973 19^t326 92,^55 312,^55 m f Redemption fund - I. R* notes 22.859 3.851* 1,360 1,65** l 3g2 2,125 3.631 2.178 1*198 597 737 331 2,812 t Other cash ZnMz ZLSfto 69.701 10.689 8.^6 10.126 l O^ 21.121 11.^ l^ia 11.127 6.731 11..7PK Total reserves 6,27^,766 U32,<*5 2,357,566 31^.269 1*27,996 185,969 138,608 1,^39»53^ 190,206 155.691 206,390 99.517 326,975 Bills disco-anted: Secured by U S Govft. obligations. # # direct and/or fully guaranteed 4,4 3 4 597 2,262 1+57 250 11+3 85 5*+ 35 3* 322 195 Other bills discounted 3.300 182 2,360 184 22 70 ll4 5 10 21 72 208 51 Total bills discounted 779 4,622 641 272 213 199 5 64 56 107 530 246 Bills bought in open market 4,706 346 1,813 1+76 1+1+6 17I+ 169 558 81 65 127 122 329 Industrial advances 27,282 2,156 6,^15 3,319 1,569 4,392 1,093 2,172 520 2,043 1,138 1,789 676 S. Government securities: Bonds 316,904 19,161 106,395 22,087 25,641+ 13,729 11.129 37,644 12,667 15,042 12,731 17,231 23,444 Treasury notes 1,512,480 98,694 464,684 110,960 137.072 73.379 59,229 225,921 68,212 43 304 67.056 38,649 125.320 r Certificates and bills 600.879 29,823 173.239 ¥+,073 55.309 29,608 23,899.,. 97.124 27.321 17.264 27.057 50.567 Total tr«S«Gk)vt» securities 2,^30,263 157.678 744,318 177,120 218,025 116,716 94,257 360,689 108,200 75,610 106,844 71,475 199,331 Total bills and securities 2,469,985 160,959 757,168 181,556 220,312 121,1+95 95.718 3b3,424 108,865 77,77*+ 108,216 73,916 200,582 Due from foreign banks 694 52 272 72 67 26 25 85 5 4 19 18 49 f. R. notes of other banks 18,020 329 5,737 292 792 2,037 1,204 2,105 , 952 1,313 1,550 302 1,407 Uncollected items 523,601 56,063 132,101 38,81+1 1+8,375 ^3,973 15,697 72,465 24,022 14,110 30,877 19,622 27.455 Bank premises 49,814 3,169 11,881 l+,6l6 6,629 3,028 2,325 *+,955 2,628 1,580 3.449 1,685 3,869 All other assets i+9,592 527 35,336 5,942 1,598 1,225 1,726 770 249 533 266 968 452 TOTAL ASSETS 9,386,1*72 653,1^ 3,300,061 5^5.588 705.769 357.753 255.303 1.883,338 326,927 251.005 350,767 196,028 560,789 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUKE 12, 1935 L I A B I L I T I ES (In thousands of dollars) B-gOlc Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F.R.notes in actual circulation 3,178,446 268,240 669**02 236,309 31^,735 1^,9^5 125.335 757,809 133,162 102,022 120,37*+ 50,221 216,492 Deposits: Member bank - reserve accoiant 5,01+9,181 296,027,2 ,211,271+ 228,961 302,115 141,529 88,358 962,586 l4o,3i6 115,049 187,806 110,045 265,115 U.S .Treasurer - General account 65,780 3,257 2^,232 1,796 3.076 6,204 9,151 5.014 3,388 3,285 2,857 1,266 2,254 Foreign bank 20,71+1 1,57^ 6,926 2,164 2.077 809 787 2,536 656 525 588 569 1,530 Other deposits 193,^07 2.566 127,529 3,398 3.866 2,3^9 2,965 8,312 9.32g 6,590 235_ 2,331 23,23? Total deposits 5,329,109 303,^24 2,369,961 236,319 311,13^ 150,891 101,261 975,448 153,688 125,449 192,186 114,211 292,137 Deferred availability items 521,872 56,537 130,745 37,18*+ ^7,755 H3,096 15,073 73.950 24,527 1^,550 28,708 21,220 28^527 Capital paid in 146,622 10,761 59,355 15.125 13,126 5,039 4,450 12,789 3,998 3,119 4,036 4,020 10,804 Surplus (Section 7) 144,893 9,902 49,964 13,470 1^,371 5,186 5.5^ 21.350 ^,655 3.^20 3,613 3,777 9.645 Surplus (Section 13b) 20,482 2,165 6,190 2,098 1,007 2,918 75*+ 1.391 547 1,003 939 695 Reserve for contingencies 30,776 1,648 7,500 2,996 3,000 i,4i6 2,601 5,325 891 1,171 826 1,363 2*039 All other liabilities 4rq pj\ l*hS72 467 LA. 2,087 641 262 2S9_ P.276 2k9- 271- k5£L TOTAL LIABILITIES 9,386,472 653,144 3,300,061 545,588 705,769 357,753 255,303 1,883,338 326,927 251,005 350,767 196,028 560,789 Ratio of total reserves to deposit and F.R.note liabilities combined 73.8 75-6 77.6 66.5 68.4 62.0 61.2 81.5 65.2 68.4 66.0 60.5 64.3 Commitments to make industrial advances 20,008 2,914 7,961 627 1,391 1,^96 675 499 1,807 79 227 400 1,932 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 6 months Over 6 months Bills discounted 7,73^ 6,419 192 303 592 216 12 Bills bought in open market 4,706 1,998 838 671 1,199 Industrial advances 27,282 1,317 163 299 460 2,79^ 22,249 U. S. Government securities 2,430,263 115,365 66,160 170,306 72,484 190,032 1,815,916 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEBERA.L RESERVE NOTE STATEMENT OK JUHE 12, 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 JT.R.bank by F.fi.Agent 3.^59.39^ 28*+,715 77^.350 250,228 328,005 159.377 1^2,3$6 82*1,053 1^.737 108,402 129,79^ 57.^9 255,868 Held by Federal Reserve bank 280,9*+8 l6,*+75 10^,5^8 13,919 13.270 10,432 17,06l 36,244 6,575 6.380 9,420 7,248 39,376 In actual circulation 3,178,446 2#S,24o 669,802 236,309 31^.735 148,945 125,335 787.809 138,162 102,022 120,37*+ 50,221 216,492 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U.S. Treasury 3.290,639 301,617 788,706 220,000 304,715 127,000 9^,685 827,346 124,632 110,000 125,000 53,675 213,263 Eligible paper 6,212 779 3.137 64l 272 190 199 5 & 56 103 530 236 U. S. Govt, securities 225*000 — — 30.000 25,000 33.000 5?,000 — 22,000 7,000 4,000 51,000 Total collateral 3,521,851 302,396 791,843 250,64i 329.987 160,190 147,884 827.351 1^6,696 110,056 132,103 58,205 264,1+99 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis