H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE MESS Released for publication B-SOl Friday morning, Aug* 9? Federal Reserve Board not earlier« August 8, 1935 • CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended August 7, as reported by the Federal Reserve banks, was $2,1476»0°°f000f an iiacrease of $5,000,000 compared with the preceding wee£ and of $13,000,000 compared with the corresponding week in 193^» On August 7 total Reserve bank credit amounted to $2,476,000,000, an increase of $11,000,000 for the week. This increase corresponds with increases of $31,000,000 in money in circulation, $15,000,000 in member bank reserve balances and $U,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $3^,000,000 in Treasury and national bank currency, offset in part by a decrease of $59,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $15,000,000 in monetary gold stock. Member bank reserve balances on August 7 were estimated to be approximately $2,550,000,000 in excess of legal requirements* Relatively small changes were reported in holdings of discounted and purchased bills and in industrial advances. An increase of $1^,000,000 in holdings of United States Treasury notes was offset by decreases of $12,000,000 in Treasury bills and $2,000,000 in United States bonds* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended August 7, 1935, were as follows: Increase or decrease since Aug 7 July 31 Aug. S # J231 1934 (In millions of dollars) Bills discounted 6 -15 Bills bought S. Government securities industrial advances (not including zk million commitments - August 7) 29 +1 +29 Other Reserve bank credit 5 +10 .+5 TOTAL RESERVE BANS CREDIT 2,U76 4-11 +is Monetary gold stock 9,15S +15 +1,201 Treasury and national bank currency 2,^77 43^ -KL20 Moxxey in circulation 5,550 +31 +216 Member bank reserve balances 5,115 +15 +1,056 Treasury cash and deposits with F»R banks # 2*932 -59 ' -9 Nonmember deposits and other F^R.accounts 51*+ +4 +76 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, August 9t*935; **>t earliei% B~S01a ASSETS AND LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Aug. 7,1915 July 31.MVS Aufl, g t A S S E TS Gold certificates on hand and due fron U # S« Treasury 6,2S2 f 6l5 6,22k,116 1+,929,51+S 21,829 Redemption fund - P. R. notes , 21,5SS 21+.357 # Other cash • 269.230 219.961 Total reserves • . • • • 6,51+9.129 6,515,175 5,173,866 Redemption fund - P. R. bank notes 2,3l+7 Bills discounted: Secured by U.S^GovH. obligations,dire and/or fully guaranteed 2,950 3.^+32 3,77^ # # 16.776 Other bills discounted # • . JjJ50 3,138 Total bills discoimted 6,300 6,570 20,550 Bills bought in open marlcet i+,685 1+.687 5,200 Industrial advances • • • 29,096 22,35!+ 2S U S Government securities: # # Bonds . 290,297 292,212 1+67,799 Treasury notes » . . • 1,523,826 1,569,963 1,257,759 # Certificates and bills • • 556.209 568.031+ 706.202 Total U«S, government securities 2,^30,332 2,1+30,209 2,1+31,760 Other securities UUo Total bills and securities 2,^70,1+13 2,^69,820 2,1+57,978 Dae from foreign banks . , 637 635 3,121+ 16,519 P. R* notesaof other banks 19.771 Uncollected items • . . . , kk-j,J2S 455,1+35 377,518 Bank premises 1+9,908 %,905+ 52,753 All 6ther assets . . . . . *l+7. 5l6 50.878 TOTAL ASSETS 9,578,163 *9,555,612 8,131+,983 L I A B I L I T I ES P. R. notes in actual circulation * • 3,303,113 3,261,622 3,095.333 P. R» bank note circulation - net • # 33.18$ Deposits: Member bank - reserve account • • . 5,ll1+,722 5,099,616 l+,059,070 U # S. Treasurer - General account t 112,811 125,981 21+.595 Foreign bank # , . • * 22,053 23,288 6,978 X)ther deposits . . 211.31+2 229,553 202.280 Total deposits . . • . . 5,1+80,928 5,!+7S,l+38 U,292,923 Deferred availability items • . • . . 1+38,997 1+60,873 381,093 Capi tal paid in 11+6,655 11+6,61+7 11+6,612 Surplus (Section j) 1U1+.S93 llU+,893 138,383 Surplus (Section 13b) 22,621 21,572 Reserve for contingencies • • • • •• 30,782 30,781 22,51*1 All other liabilities • *10,786 2i+.qii+ , I0|17l+ TOTAL LIABILITIES • * . »* 9,578,163 *9,555,612 8,13!+,983 Batio of total reserves to deposit and F.E, note liabilities combined . . . . 7bJ 70.0$ Contingent liability on bills purchased for foreign correspondents 895 Commitments to mhe industrial advances 23,529 23,022 •Bevised figures, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A2JD LIABILITIES 0? TEE FEDERAL RESERVE BA1SS OH AUGUST 7, I335 (in thousands of dollars) B-SOlb A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from TJ. S. Treasury 6,288,615 1+13,953 2,6ll+,727 27!+,86*+ 1+3*+,083 188,886 133,022 1,262,^0 181,767 1^1,329 190,057 121,517 331,930 Redemption fund - P. R. notes 21,588 3,©A- 1,362 2,10*+ 1,50*+ 2,051 3,196 1,672 1,092 H90 621+ 302 3,^1+7 Other cash 238,926 31,891 61,080 30,807 9.818 8,355 10,079 30,828 10,925 12,583 12,317 6.433 13.810 Total reserves 6,51+9,129 ^9,^88 2,677,169 307,775 ^5,^05 199,292 1^6,297 1,29^,930 193,73*+ 15^,^02 202*998 128,252 3*+9,287 Bills discounted: direct and/or fully guaranteed 2,950 1+92 1,302 37U 155 101 36 100 39 5s 1+0 128 li+5 Other "bills discounted 3,350 59 2,%1 53 25 — 120 8 — 69 72 330 11+3 Total "bills discounted 6,300 551 3,773 1+27 ISO 101 15o 108 39 107 112 1+58 288 Bills bought in open market i+,685 3U5 1,801 1+75 1+1+5 169 557 80 61+ 126 122 328 , 173 Industrial advances 29,096 2,881+ 6,9^5 3,758 1,636 l+,5 88 1,067 1,837 1+1+8 2,053 1,157 1,860 808 U. S. Government securities: Bonds 290,297 17,279 9988,,11++1133 20,005 23,032 12,330 9,977 3333,,55^^77 11,373 11^^,,227777 1111,,11++5522 17,550 21,057 Treasury notes 1,583,826 103,729 481,338 116,533 144,065 77,123 62,251 232,173 71,661+ 45,530 70,1+78 ^7,229 131,713 Certificates and bills 556,209 36,669 159,567 40,532 50,928 27,263 22*006 89,969 25,15s 15,396 2l+,914 16,696 1+6,561 Total U.S.Govt. securities 2,1+30,332 157,677 739,318 177,120 218,025 116,716 9^,23^ 355,689 108,200 75.703 106,SU1+ 31,1+75 1 : 9 9,331 Total "bills and securities 2,1+70,1+13 161/457 751,837 181,780 220,286 121,578 95,626 353,21+1 108,767 77,932 108,239 83,915 200,755 Dae from foreign banks 637 1+8 256 65 60 23 23 77 *+ 3 17 17 ^ P. R. notes of other banks 19,771 31^ M 02 606 1,1+1+1+ 2,621 1,092 2,677 1,330 1,132 1,518 273 1,962 Uncollected items 1*1+3,728 1+5,1+16 10l+,993 36,952 38,12!+ 37,623 16,120 20,639 lU,li7 28,155 19,1^9 23,013 Bank premises 1+9,908 3,168 11,937 *+,642 6,632 3,029 2,331 4,958 2,628 1,580 3,1+% 1,685 3,869 All other assets ^,577 55^ 32,19*+ 1+.252 1.61+6 1.178 l.bll 711 250 *rS6 299 869 I+77 TOTAL ASSETS 9,578,163 660,1+1+5 3,583,183 536,072 713,597 365,3^ 263,100 1,721,071 327,1+02 21+9,702 3^,675 23^,160 579,1+07 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL BSSERVS BASKS ON AUGUST 7, 1935 (In thousands of dollars) B-gOlc L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich.. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, F.R .notes in actual circulation 3,303,113 289,272 709,S*+2 239,056 321,58*+ 151,150 131.530 792,299 1*U,705 99,^70 125,51+6 60,999 23^,660 Deposits: Member bank - reserve account 5i 722 292,3^ 2,1+15,267 217,92' 307,883 155,193 92,230 78U,S03 1*+2 s 320 113,937 177,076 130,32U 279,^20 U.S.Treasurer - General account 112 : 811 2,850 38,960 2,00' 10,388 3,1^1 1,946 28,866 3,3^7 5-1 5 + ^ 83 5 M 02 8,613 3,206 Foreign "bank 22,O S3 1,605 7,969 2,207 2,117 S25 802 2,585 669 580 1,560 Other deposits .3, JJLMO 2,b)-i9 1.568 7 >691 466 14.23P ._JLt££5_ Total deposits j.^so, 3C0,1408 2,633,6,6 227,62H 323,037 162,'jSH 102 s f/16 819,321 i^.Criy 182,1^3 1^3,821 298,1+18 Deferred availability items 997 ici| .127 35*518 37 s 20i+ 36,050 15/^59 60,518 21-2^+ 1I+.378 27,^2 18,761+ 22,912 Capital paid in ll+6,6 55 10,751+ 59,1+66 15,128 13,117 5,039 V+52 12 S07 3,96o 3,133 M35 i+,oo6 10,758 V Surplus (Section 7) 893 9,902 49,364 13^70 1^371 5,186 5,540 21,350 H.655 3,U20 3,613 3,777 9,61*5 547 Surplus (Section 13b) 22, 621 2 8jl+ 6,863 2 098 1,007 3=335 15} 1,391 1,003 802 1,252 695 s t Reserve for contingencies 30 f 782 1,648 7,500 2,995 3,000 1,416 2,6OU 5,325 891 1,171 828 1,363 2,041 All other liabilities 1 206 5.750 183 2ZL I8l+ 215 2.060 311 20*+ 266 im 222- TOTAL LIABILITIES 9,578,163 660,^5 3,583,188 536,072 713.597 365,3^ 263,100 1,721,071 327,^2 21+9,702 3^,675 23l+,l60 579,^07 Ratio of total reserves to deposit and F.E.note liabilities combined 71+.6 76.2 79.9 65.9 69.1 63.1+ 62,5 80.1 65.5 68.2 66.0 62,6 65.5 Commitments to make industrial advances 23,529 3,338 9,181 722 l,8Ul 1,756 625 ^73 1,887 1U9 2I+3 1+1+8 2,866 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 91 days to Total Within 15 days 16 to 30 clays 31 to 60 days 6l to 90 days 6 months Over 6 months Bills discounted 6,300 1+,165 593 987 38l+ 166 5 Bills bought in open market ^,685 787 393 1,112 2,393 Industrial advances 29,096 206 682 1,621+ 1,762 2•33,»5(8 3 U.S. Government securities 2,^30,332 1+0, 6M 31,870 50,963 109,31+1+ 282,901 1,914^61+0 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FZDE3AL BESSE73 NOTE STA.TEMT OIT AUGUST 7, 1935 (in thousands of dollars) B-SOld Total Boston Hew York Phila. Clove. Hich. Atlanta Chicago St Jouis Minn. Kans.Cy. Dallas San Fran Federal Reserve notes: Issued to ?.3.ban2r by F.E.Agent 3,575,318,676 807,520 252,83$ 339,330 160,64? 147,467 824,665 l4S,02S 105,067 133,049 65,980 272,179 Held by Federal Heserve bank 272.333 29,'40*1 97,§78 13,7S0 17,7^ SMS 15,937 26,366 6,323 5,597 7,503 4,981 37,519 In actual circulation 3,303,113 229,272 709,242 239,056 321,524 151,150 131,530 798,299 141,705 99,470 125,546 60,999 234,660 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U.S. Treasury 3,399,339 321,617 818,706 218,000 320,715 131,000 94,635 847,546 120,632 103,500 122,000 66,675 226,263 Eligible paper' 4,826 55I 2,303 1+27 ISO 101 156 109 39 107 112 458 283 U. S. Govt, securities 222,400 35,000 20,000 30,000 55,000 — 21,000 2,400 12,000 — 47,000 Total collateral 3,626,565 322,168 821,009 253,^27 3^0,895 i6l,i0l i49,s4i 847,655 149,571 106,007 134,112 67,133 273,546 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis