H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PHESS Released for publication B-SOl Friday morning, June 21; Federal Reserve Board not earlier* June 20, 1935« CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended June 19 as reported by the Federal Reserve banks, was $2 Hg6 000,000, f f f an increase of $10,000,000 compared with the preceding week and of $1^,000,000 compared with the corresponding week in 193*+• On June 19 total Reserve bank credit amounted to $2,^32,000,000, an increase of $10,000,000 for the week. This increase corresponds with increases of $5,000,000 in money in circulation, $35,000,000 in Treasury cash and deposits with Federal Reserve banks, and $93tOO°fOO° in nonmember deposits and other Federal Reserve accounts, and a decrease of $U,000,000 in Treasury and national bank currency, offset in part by a decrease of $53f0°0»00^ in member bank reserve balances and an increase of $73,000,000 in monetary gold stock* Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances* An increase of $3,000,000 in holdings of United States Treasury notes was offset by a decrease of like amount in holdings of United States Treasury bills # Changes in the amount of Reserve bank credit outstanding and in related items dkrimg the week and the year ended June 19> 1935» as follows: Increase or decrease since June 19 June 12 June 20 19^ (In millions of dollars) Bills discounted 7 -1 -21 Bills bought 5 — —. U. S, Government securities 2,^30 « Industrial advances (not including 20 million commitments - June 19) 27 — +27 Other Reserve bank credit 13 +11 +S TOTAL RESERVE BABE CREDIT 2.US2 +10 Monetary gold stock 9 >039 +73 +1,25^ Treasury and national "bank currency 2,510 -U +151 Money in circulation 5,1+98 +5 +1SS Member bank reserve balances H.996 -53 +1,227 Treasury cash and deposits with F.R.banks 3,023 +35 -98 Nonmember deposits and other F.R.accounts 565 +93 +102 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 21,1935; earlier. B-801a ASSETS AND LIABILITIES OP THE TTJELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) June 19.1935 June 12.1935 June 20,1^ A S S E TS Gold certificates on hand and due from U, S. Treasury 6,119,488 6,019,1*75 4,782,726 Redemption fund - F. R. notes 21,357 21,859 26,251+ Other cash 234.018 233.432 232.810 Total reserves 6,375,363 6,274,766 5,047,790 Redemption fund - F. R. bank notes . .. — — *+»352 Bills discounted: Secured by U.S.Gov't, obligations, direct and/or fully guaranteed 3,681 4,434 6,810 Other bills discounted 3.200 3.300 21.146 Total bills discounted 6,821 7,73^ 27,956 Bills bought in open market 4,723 4,706 5,200 Industrial advances . . .. 27,386 27,282 U. S, Government securities: Bonds 316,891 316,904 472,206 Treasury notes . 1,515,436 1,512,480 1,192,609 Certificates and bills 597.914 600.879 765.365 Total U.S. Government securities . 2,430,241 2,430,263 2,430,180 Other securities -- — 527 Total bills and securities . . .. 2,469,231 2,469,985 2,463,863 Due from foreign banks 678 694 3,129 F. R. notes of other banks . 17,312 18,020 17,318 Uncollected items 563,315 523,601 466,297 Bank premises . 49,822 49,814 52,630 All other assets . . .. . 42.098 49.592 183,546 TOTAL ASSETS 9,517,819 9,386,472 8,238,925 L I A B I L I T I ES F.R. notes in actual circulation . . .. 3,188,278 3,178,446 3,054,216 F.R. bank note circulation - net . . .. — — 55,353 Deposits: Member bank - reserve account 4,995,666 5,049,181 3,768,556 U.S.Treasurer - General account . . .. 126,035 65,780 196,951 Foreign bank 27,564 20,74l 4,484 Other deposits 273.778 193.407 219.943 Total deposits . .. 5,423,043 5.329,109 4,189,93^ Deferred availability items 551,087 521,872 464,856 Capital paid in . 146-594 146,622 147,107 Surplus (Section 7) 144^393 144,893 138,383 Sxirplus (Section 13 b) 20,482 20,482 Reserve for contingencies . 30,778 30,776 22,534 All other liabilities 12.664 14,272 166.542 TOTAL LIABILITIES 9,517,819 9,326,472 8,238,925 Ratio of total reserves to deposit and F, R. note liabilities combined . . . 74,0$ 73**$ Contingent liability on bills purchased for foreign correspondents — 1,957 Commitments to make industrial advances 20,404 20,008 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON JUNE 19, I935 L I A B I L I T I ES (In thousands of dollars) B-801c Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. F»R.notes in actual circulation 3,188,278 271,7^7 675,676 234,935 312,69U 148,311 125,438 789,502 138,801 101,397 121,082 50,786 217.869 Deposits: Member "bank - reserve account 4,995,666 292,157 2,l60,U88 233,178 302,281 1^3,7^5 86,187 965,463 152,875 109,378 180,050 109,957 259,907 U.S.Treasurer - General account 126,035 1,077 74,166 10,805 5,397 3,828 3,156 10,603 2,578 2,063 8,61+9 1,117 2,596 Foreign bank 27,564 1,993 10,073 2,7^ 2,630 1,024 996 3,211 830 664 7U5 720 1,938 Other deposits 273,778 2,728 209,583 8,735 M 39 2,507 3,^77 3,131+ 10,302 7,^22 923 1,980 18,11+8 Total deposits 5,^23,01+3 297,955 ;> ,1+51+, 310 255.452 315,147 151,104 93,816 982,411 166,585 119,527 190,367 113,77^ 282,589 Deferred availability items 551.O87 70,837 135,^23 39,771 50,455 45,078 16,612 73,724 23,143 1^,957 30,102 22,794 28,191 Capital paid in ll+6,59l+ 10,761 59,3^7 15,126 13,127 5,032 ^,437 12,786 3,998 3,121 4,036 4,019 10,804 Surplus (Section 7) ll+l+,893 9,902 1+9,961+ 13.^70 14,371 5,186 5,540 21,350 M 55 3,^20 3,613 3,777 9,645 Surplus (Section 13 h) 20,1+82 2,165 6,190 2,098 1,007 2,918 75^ l,39X 547 1,003 775 939 695 Reserve for contingencies 30,778 1,61+8 7,500 2,996 3,000 l,4i6 2,603 5,325 891 1,171 826 1,363 2,039 All other liabilities 12.661+ 535 6.585 560 618 291 27s 2,111 433 238 293 290 432 TOTAL LIABILITIES 9,517,819 665,590 3,39^,995 564,4i4 710,1+19 359,336 249,478 1,888,600 339,053 244,834 351,094 197,742 552.264 Ratio of total reserves to deposit and F.R.note liabilities combined 74.0 75.8 78.1+ 67.6 68.2 61.7 60.1 81.5 65.5 67.6 65.3 61.5 62.9 Commitments to make industrial advances 20,1+01+ 2,869 S,l46 733 1,1+91 1,511 672 1+99 1,79^ 77 227 *+00 1,985 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 Over 6 months 6 months Bills discounted 6,881 5,180 158 290 1,059 19l+ K723 Bills bought in open market 1,777 S57 762 1,327 Industrial advances 27,386 1,387 ll+l 266 557 2,825 22,210 U. S. Government securities 2,1+30,21+1 63,810 1+5,550 9^,617 57,190 29U.05S 1.875,016 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AM) LIABILITIES OF THE FEDERAL RESERVE BAMS OH JUNE 19, 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 6,119,488 406,590 2,382,061 299,070 417,694 172,972 117,870 l,4l4,403 187,599 135.602 191,404 94,000 300,217 Redemption fund - F. R. notes 21,857 3.854 1,359 1,654 1.382 2,125 3,631 2,178 1,198 597 736 331 2,812 Other cash 234,018 21,317 70,349 30,840 9,239 9,488 10,255 28,134 11,184 13,119 11,347 6,954 11*792 Total reserves 6,375,363 431,761 2,453,769 331,564 428,315 184,591 131,756 1,444,715 199,981 149,318 203,487 101,285 314,821 Bills discounted: Secured by U.S.Govt. obligations, 3 direct and/or fully guaranteed 3.681 502 1,782 77 160 318 63 75 4 — 34 171 195 Other bills discounted 3,200 153 2,357 144 22 58 99 3 10 21 84 199 50 Total bills discounted 6,881 655 4,139 521 182 376 162 78 14 21 118 370 245 Bills bought in open market 4.723 346 1,830 476 446 | 174 169 558 81 $ 127 122 329 Industrial advances 27,386 2,153 6,539 3,509 1.563 4,387 1,083 1,959 517 2,034 1,135 1,781 667766 U. S. Government securities: Bonds 316,891 19,160 106,396 22,087 25,644 13.728 11,099 37,644 12,668 15.059 12,730 17,231 23,445 Treasury notes 1.515.436 98,904 465,513 111,191 137,363 73.534 59.355 226,319 68,354 43.387 67,200 38,731 125,585 Certificates and bills 597.914 39,614 172.409 43,84$ 55,018 29,453 23,773 96.726 27.178 17.173 26,914 15,513 50.301 Total U.S.Govt, securities 2,430,241 157,67s 744,318 177,120 i2 18,025 116,715 94,227 360,689 108,200 75.619 106,844 71,475 199,331 Total bills and securities 2.469,231 160,832 756,876 181,626 2;2 0,216 121,652 95,641 363,284 108,812 77,739 108,224 73,748 200,581 Due from foreign banks 67s 52 256 72 67 26 25 85 5 4 19 18 49 F. R. notes of other banks 17,312 323 4,499 455 1,148 1,515 1,151 2,493 1,285 946 1,477 305 1,709 Uncollected items 563,315 68,926 138,675 41,669 51,792 47,291 16,269 72,441 26,098 14,733 34,172 19,863 30,786 Bank premises 49,822 3,168 11,881 4,622 6,629 3,028 2,325 4,958 2,628 1,580 3,449 1,685 3.869 All other assets 42,098 522 29.039 4,4o6 2,252 1.233 l,7H 624 244 514 266 838 449 TOTAL ASSETS 9,517,819 ' 665,590 3,394,995 !5 64,4i4 '7 10,419 359,336 249,478 i;'888,600 3:3 9,053 244,834 351,094 197,742 5!5 2,264 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDEHA.L RESERVE NOTE STATEMENT ON JUNE 1$, 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.barilc by F.R.Agent 3,>165,678 290,005 776,36U 250.095 326,864 153,577 1^2,233 S23.&3S 1UM90 108,069 129,60H 57,247 258,492 Held by Federal Reserve bank 277.UOO 18,218 100,688 15,l60 14,170 10,266 16,793 3M36 5,689 6,672 6,532 6,H6l 40,623 In actual circulation 3,188,278 271,787 675,676 234,935 312,694 148,311 125,433 789,502 138,801 101,397 121,082 50,7S6 217,S69 Collateral held by agent as security for notes issued to bank: Sold certificates on hand and due from U.S.Treasury 3,284,139 301,617 788,706 226,000 304,715 124,000 87,685 827,3^6 131,632 105,000 125,000 5*W5 208,263 Eligible paper 5,37a 656 2,66l 522 182 353 1^2 7Z l4 21 117 370 235 U. S. Govt, securities 225,100 — . 24,000 25,600 35,000 58,000 — 14,000 4,100 7,000 3,000 55,000 Total collateral 3,514,610 302,273 791,367 250,522 329,S97 159.353 1^5,3^7 827.424 145,646 109,121 132,117 57,5^ 263,1*98 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis