H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PEESS Released for publication B-801 Friday morning, June 28; Federal Reserve Board not earlier June 27, 1935. # CONDITION OF FEDERAL RESERVE BANES The daily average volume of Federal Reserve "bank credit outstanding during the -week ended June 26 &s reported by the Federal Reserve banks, was 1 $2^77,000,000, a decrease of $9»000,000 compared with/prfceding week and an increase of $9,000,000 compared with the corresponding week in 193^ On June 26 total Reserve "bank credit amounted to $2 ^72,000,000, a decrease t of $10,000,000 for the week. This decrease corresponds with a decrease of $32,000,000 in Treasury cash and deposits with Federal Reserve banks, and an increase of $20,000,000 in monetary gold stock, offset in part by increases of $33,000,000 in member bank reserve balances ajad $U,000,000 in nonmomber deposits and other Federal Reserve accounts and a decrease of $2,000,000 in Treasury and national bank currency. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $5,000,000 in holdings of United States Treasury bills was offset by a decrease of like amount 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 26, 1935, vrere as follows: Increase or decrease since June 26 June 19 June 27 J21L. J 2 iL 19ft (in millions of dollars) Bills discounted •20 Bills bought U, S. Government securities Industrial advances (not including 21 million commitments - June 26) 28 +1 +28 Other Reserve bank credit 2 -11 -1 TOTAL RESERVE BANK CREDIT 2,^72 -10 +7 Monetary gold stock 9,109 +20 Treasury and national bank currency 2,508 -2 Money in circulation 5MB +197 Member bank reserve balances 5,029 +33 +1,192 Treasury cash and deposits with F.R.banks 2,991 -32 -86 Uonraember deposits tad:other F.R. accounts 569 +108 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 2S 1935? not earlier, B-SOla t ASSETS AND LIABILITIES OF THE TTOLVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) June 26.1915 June 19>1935 June 27.195U A S S E TS Gold certificates on hand and due from U. S. Treasury . • 6,126^91 6,119,488 k, 781,7^8 Redemption fund - I. R. notes 22.5*33 21,857 2M72 Other cash * 259,614 25 V, 018 To tal reserves 6,388,688 6*375*363 5,0^,523 Rede.trpvi,r~ fund - F. R, bank notes ^,335 Billf; discounted; Sertuved by U.S.Gov*t„ obligations, direct and/or fully guaranteed 3,591 3,681 6,760 Other bills discounted 3,546 3,200 , 20.25,5 Total bills discounted # • • . . 7.137 6,881 27,015 Bills bought in open market 4,690 4,723 5,215 Industrial advances • . • . 27,518 27,326 U S* Government securities: # Bonds * . . 316,365 316,891 ^69,253 Treasury notes . . , . . 1,510,483 1,515,^36 1,219,172 Certificates and bills . 602,879 597, 741.849 Total U«S, Government securities 2,1*30,227 2,430,241 2,430,274 Other securities • . • . . 519 Total bills and securities * 2,469,572 2,469,231 2,463,023 # Due from foreign banks / . , 711 678 3.129 V. R* notes of other banks 17,312 20,517 Uncollected items . • . . , 468,964 563.315 ^35,509 Bank premises 49»826 49,822 52,630 All other assets . . . . , ^2,531 42.098 185.50^ TOTAL ASSETS • • . . 9,^37,1^5 9.517,819 8,209,171 L I A B I L I T I ES F* R. notes in actual circulation . 3.197.S9S 3,188,278 3,055,99^ i1* R f bank note circulation - net # — .46,347 Deposits: Member bank - reserve account # . 5,019,^92 ^,995,666 3,836,536 V.S.Treasurer- General account * 80,301 126,035 13^,396 Foreign bank • • 24,101 27,564 5.767 Other deposits • • • • , 281,1+99 273,778 219.281 Total deposits • . • . , 5,^5,393 5,^23,043 M95.960 Deferred availability items'* . . . , 467,642 551,087 ^36,3^2 Capital paid in • 146,584 1^6,594 147,129 Surplus (Section 7) 144,893 144,893 138.383 .... Surplus (Section 13 b) . 20,482 20,482 Reserve for contingencies • • . # . 30,77s 30,77s 22,53^ All other liabilities 13.475 12,664 166.462 TOTAL LIABILITIES 9,^37.1^5 9,517,819 8,209.171 Ratio of total reserves to deposit and F t R # note liabilities combined • • • » 7^.2* 69.65s Contingent liability on bills purchased for foreign correspondents — — 1,740 Commitments to make industrial advances • 20,404 — 20,579 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAKES ON JUKE 26, 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 6,126,1+91 407,551 2,377,085 295,26s 412,724 174,443 117,006 1,419,856 189,630 l4i,099 192,819 91.551 307.459 Redemption fund - F. R. notes 22,583 3,798 1,107 1.572 1,808 2,252 3,564 2,007 1,170 527 697 310 3,771 Other cash 239,6l4 20,5% 71.146 30.462 8,785 10,1^7 10.842 29.554 11,575 13.798 12.283 7.698 12.779 Total reserves 6,388,688 431,894 2,449,338 327,302 423,317 186,842 131,412 1,451,417 202,375 155,424 205,799 99.559 324,009 Bills discounted: Secured by U.S.Govt, obligations, direct and/or fully guaranteed 3,591 768 1,305 %17 245 364 63 75 ^ 3 ?1 171 155 Other bills discounted 3.546 346 2,480 132 20 52 95 ~ 10 21 95 g?4 Total bills discounted 7,137 3,785 549 275 423 15g 75 l4 24 ll6 395 209 Bills bought in open market 4,690 346 1,797 476 446 174 169 558 81 65 127 122 339 Industrial advances 27,518 2,157 6,718 3,523 1,574 4,382 1,091 1,939 **82 2,053 1,142 1,790 667 U. S. Government securities: Bonds 316,865 19,161 106,395 22,086 25,644 13,729 11,111 37.643 12,667 15VQ22 12,731 17.232 23,444 Treasury notes 1,510,483 98,553 464,124 110,804 136,876 73,27*+ 59.146 225,654 68,ll4 43,244 66,960 38,593 125,l4l Certificates and bills 602,879 39.964 173.799 44,230 55.505 29.713 21.983 97.192 27.419 17.325 27.151 15.650 50.746 Total U.S Govt. securities 2,430,227 157.678 744,318 177.120 218,025 Il6,7l6 94,240 360,689 108,290 75.591 106,844 71.475 199.331 t ffotal bills and securities 2,469,572 l6l,295 756,618 181,668 220,320 121,695 95.658 3$3.26l 1QS;777 77.733 108,229 73,782 200,536 Due from foreign banks 7H 52 289 72 67 26 25 85 5 4 19 18 49 F. R. notes of other banks 16,853 3% M lO 400 1,272 1,865 960 2,442 697 95O 1,398 324 1,590 Uncollected items 468,964 52.536 112,o4i 37,074 44,293 40,239 14,252 62,361 20,987 13,465 32,444 16,706 22,566 Bank premises 49,826 3 ,l6g 11,882 4,622 6,629 3.028 2,328 4,958 2,628 1,580 3,449 1,685 3.869 All other assets 42,531 526 29,740 4,'444 1^835 1,268 1*673 654 253 516 273 899 450 TOTAL ASSETS 9,437,145 649,816 3.364,518 555.582 697.733 354,963 246,308 1,885,178 335.722 249.672 351.611 192,973 553,069 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS OH JUKE 26, 1535 L I A B I L I T I ES (In thousands of dollars) B-SOlc Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3,197,89s 276,279 679,998 236,546 316,251 146,771 124,677 790.133 138,270 100,251+ 120,537 50,584 217,598 Deposits: Member "bank - reserve account 5,029,492 229,033 2,163,456 244,772 297,019 l46,S99 87,505 964,439 153.823 117.1SS 187,107 110,733 267,51s U.S.Treasurer - -G eneral accoun-t so,tci soi 1*5,012 i,si9 1,694 3,921 3,197 15.906 2,305 2.057 1.836 320 1,433 Foreign "bank 24.101 1.S3S 7,969 2,527 2,425 9^5 919 2,961 766 613 6S7 664 1,737 1 'HO Other deposits 281,499 4,053 228,334 4,190 1.925 3.929 8,462 6.719 1,291 1.859 17.199 _L 1 * • .w j Total deposits 5,415.393 295.725 2.444,77J. 250.537 305r328 153,690 93*740 987,235 165>356 126,577 190,921 113,576 287,937 Deferred availability items 467,642 52.740 109,869 43*987 39,683 14,253 64,568 21,545 13.815 30,641 18,434 23,920 Capital paid in 146,584 10,760 15«126 13,127 5,031 4,439 12,787 3,993 3,122 4.037 4.019 10,754 Surplus (Section 7) 144,893 9,902 llls^ 13,470 14,371 5,186 5,540 21,350 4,6^5 3,420 3.613 3,777 9,645 754 Surplus (Section 13 "b) 20,482 2,165 6,130 2,09s 1,007 2,918 1,391 547 1,003 775 939 695 Reserve for contingencies 30.778 1,648 7.500 2.996 3,000 IMS 2,603 5,325 891 1,171 826 1.363 2.039 All other liabilities 13.475 597 6.837 622 662 26s 302 2,389 465 310 261 281 4ai, TOTAL LIABILITIES 9,437.145 649.816 3,364.518 555,582 697,733 35M63 246.308 1,885,17s 335,722 249,672 351,611 192,973 553,069 Ratio of total reserves to deposit and F.R.note liabilities combined 74.2 75»5 78.4 67.2 SS.l 62.2 60.2 81.7 66.7 68.5 66.1 60.6 64.1 Commitments to make industrial advances 20,579 2,86l 8,155 807 1,531 1,508 672 499 1.790 76 223 448 2,009 MATURITY DISTRIBUTION OF BILIS AED SECURITIES 91 days to Over 6 months Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days b months Bills discounted 7.137 5,070 412 110 1,294 235 16 Bills bought in open market 4,690 870 607 714 2.499 Industrial advances 27,518 1,203 183 305 525 2.794 22,508 U. S. Government securities 2,430,227 66,160 51,055 83,637 52,033 315,251 1,862,091 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE BOTE STATEMENT OH JUNE 2$, 1935 (in thousands of dollars) B-gOld Total Boston Hew York Plula, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.baak lay F.RJLgent 3,1+78,268 293,251 787,165 250,383 322,557 157,1^2 lUl,75H 822,302 lW+,222 106 251 129,113 59,802 258,326 s Held by Federal Reserve bank 280,370 16,972 107,167 13,837 12.306 10.371 17.077 12.159 5.952 5,997 8.576 9.218 40.728 In actual circulation 3,197,898 276,279 679,998 236,51+6 316,251 1^6,771 12*+,677 790.133 133,270 100,25*4 120,537 50,58*+ 217,598 Collateral held by a^ent as security for notes issued to bank: Gold certificates on hand and due from U.S.Treasury 3.277.639 301.617 738,706 226,000 299.715 12*+,000 87,685 827.3^6 131,632 107,000 125,000 55,675203,263 Eligible paper 5,6lS l,lll+ 2,308 5I+9 275 **00 157 75 ik 2^ lib 395 193 U. S. Govt, securities 233,000 2^,000 30.000 35,000 58,000 — lU,000 — 7.000 1+.000 61.000 Total collateral 3.516,257 302,731 791.01*+ 250,51+9 329.990 159,^00 11+5,81+2 827.1+21 11+5,61+6 107,021+ 132,111+ 60,070 261+.1+56 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis