H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication B-SOl Friday morning, Aug. l6; Federal Reserve Board not earlier, August 15» 1935• CONDITION OF FEDERAL RESERVE BAMS The daily average volme of Federal Reserve bank credit outstanding during the week ended August lU, as reported by the Federal Reserve banks, was $2,^76,000,000, unchanged from the preceding week and $10,000,000 above the corresponding week in On August ik total Reserve bank credit amounted to $2,^77,000,000, an increase of $1,000,000 for the week* This increase corresponds with increases of $139,000,000 in member bank reserve balances and ?S,000,000 in money in circulation and a decrease of $H0,000,000 in Treasury and national bank currency, offset in part by decreases of $157,000,000 in Treasury cash and deposits with Federal Reserve banks and $U,000,000 in nonmember deposits and other Federal Reserve accounts, and an increase of $26,000,000 in monetary gold stock* Member bank reserve balances on August were estimated to be approximately $2,670,000,000 in excess of legal requirements t 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 Treasuryraotes was offset by a decrease of $ll+,000,000 in holdings of Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended August 1935, were as follows: Increase or decrease since Aug. lb Aug. 7 Aug. 15 J 2 iL J 2 3L irto (In millions of dollars) Bills discounted 6 ~lk MMM Bills bought 5 U. S. Government securities 22^^3300 -1 Industrial advances (not including 2k million ff commitments - August iM) 29 — +29 Other Reserve bank credit 7 +2 .-3 TOTAL RESERVE BANK CREDIT 2»*+77 4-1 +9 Monetary gold stock +26 +1,205 Treasury and national bank currency 2,^37 J+o +62 Money in circulation 5*55S +g +215 Member bank reserve balances 5t25*+ +1^9 +1,190 Treasury cash and deposits with F.R.banks 2,775 -157 -201 Nonmember deposits and other F.R.accounts 510 J+ +71 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, August 16,1935* earlier* B~801a ASSETS AND LIABILITIES Of THE TWELVE FEDERAL RESERVE BA1IKS COMBINED (In thousands of dollars) Aug. ik.IWi Aufi 7,1935 Aufl lfrlfrft f f A S S E TS Sold certificates on hand and due from TJ# S, Treasury • 6i365.767 6,288,615 4,961,374 Redemption fund - R. notes • . • • • 21,527 21,588 0 ther cash • 216.987 238,926 Total reserves . , , « * • * « »» 6,624,281 6,549,129 5.210,143 Redemption fund - R. bank notes • • . 2,006 Bills discounted: Secured "by UtS.Govt, obligations, direct and/or fully guaranteed . * 2,726 2,950 4,142 Other bills discounted . • • • J ML J um 16.0^ Total bills discounted • • 6,153 6,300 20,207 Bills bo*ught in open market . ,6?3 4,685 5,198 Industrial advances • • # . •t • 29 •W7 29,096 214 U# S Government securities: Bon#ds 290.213 290,29 467,499 Treasury notes • . • • < 1,597.783 l,5S3,S2i 1,271,707 Certificates and bills 5^5,209 5*76,209 692.251 Total UJ5« Government securities 2,430,205 2,430,332 2,431,457 Other securities 428 Total bills and securities • * . 2,1+70,193 2,470,413 2,457,504 Due from foreign banks 631 637 3,125 I• R notes of other banks • « . . • lS.Ugl* 19,771 , 16,703 Unco#llected items 530,511 443,72s 470,989 Bank premises . • • . %t965 49,908 52,774 All other ass etts + 44,577 , 51,917 TOTAL ASSETS . 9.739,787 9.578.163 8,265,161 L I A B I L I T I ES f, R. notes in actual circulation , 3,321,026 3,303,113 3.102,373 Ft R bank note circulation - net < 32,651 # Deposits: Member bank - reserve account . , 5,25**, 282 5,114,722 4,064,270 TJ S Treasurer - General account 33,798 112,811 57,894 Fo # re # ign bank 23,995 22,953 8,147 Other deposits 226,588 231,3% 203.261 Total deposits • • . 5,538,663 5,480,928 4,333,572 Deferred availability items . 52l+,5Uo 43s,997 464,045 Capital paid in 1^6,665 146,655 146,423 Surplus (Section j) . • . • . i^+,S93 144,893 138,383 Surplus (Section IJb) . . • • 22,621 22,621 Reserve for contingencies • . 30,782 30*782 22,544 All other liabilities • . • • 10,597 10,174 25.170 TOTAL LIABILITIES . 9,739,787 9,578,163 8,265,161 Ratio of total reserves to deposit and F,R note liabilities combined • • . « 74.8$ 74.$ 70.15f Conti#ngent liability on bills purchased for foreign correspondents 642 Commitments to exalte industrial advances 23.921 23.529 SO Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS OK AUGUST l4, 1935 (In thousands of dollars) B-SOlb A S S E TS Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 6,365,767 1+16,829 2,668,22b 289,823 433,013 195,014 137,874 1,259.916 121,710 143,671 190,277 105,843 3^3,513 Sedition fund - F. R. notes 21,527 3,640 1,351 2,089 1,500 2,051 3,194 1,665 1,089 490 622 292 3.5® Other cash ^6.987 32,899 56,371 30.970 10,413 8.398 9,585 31.138 11,785 12,612 12.417 6.852 13.497 Total reserves 6,62**,281 453,368 2,725,946 322,942 444,926 205,463 150,653 1,292,769 19*+,584 156.773 203,316 112,987 360,55!* Bills discounted: Secured by U.S.Govt. obligation; direct and/or fully guaranteed 2,726 46o 823 706 126 106 30 — 64 50 169 155 F Other hills discounted 3,427 39 2,464 98 25 130 60 77 399 135 Total bills discounted 6,153 ^9 3,287 804 151 106 160 — 64 97 127 568 290 Bills bought in open market 4,693 345 1,808 475 445 173 169 80 64 127 122 328 3,763 1,628 Industrial advances 29,147 2,863 6,967 4,585 1.071 1.92(3 448 2,084 1,159 1,846 807 U. S. Government securities: Bonds 290,213 17,279 98,413 20,005 23,032 12,330 9,957 33,5^7 11,378 14,213 11,^2 17,550 21,057 Treasury notes 1,597,783 104.717 485,226 117,627 145,438 77,858 62,844 234,018 72.343 47,680 132,968 Certificates and bills *42.209 35,681 155*679 39,488 49,555 26,528 21,413 88,124 24,479 15.468 2^243 3,6,245 45,306 $otal P>S.Govt. securities 2,430,205 157,677 739,318 177,120 218,025 116,716 94,214 355,689 108,200 75,596 106,844 81,1175 199,331 Total bills and securities 2,1*70,198 161,384 751.380 182,162 220,249 121,580 95,6l4 358,172 108,792 77,S4l 108,257 84,011 200,756 Dae from foreign banks 63I 48 249 66 60 23 23 77 4 3 17 17 1+4 F. R. notes of other banks 18,484 330 4,756 586 1,057 2,313 939 2,449 954 1,193 1,587 316 2,004 Uncollected items 530,511 56,466 129,280 41,236 54,188 43,213 17,958 74,165 23,827 14,496 32,197 19,610 23,875 Bank premises 49,965 3,168 11,977 4,660 6,632 3,028 2,331 M 58 2,628 1,580 3,4% 1,685 3,869 All other assets 45,717 563 33,158 4,363 1,624 1,167 1,6i4 721 260 555 345 876 471 TOTAL ASSETS 9,739,787 675,327 3,656,746 556,015 728,736 376,787 269,132 1,733,311 331,049 252,441 349»l6& 219,502 591,573 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BAMS 01T AUGUST l4, 1935 (in thousands of dollars) B-SOlb L I A B I L I T I ES Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran, F.R.notes in actual circulation 3,321,026 289,457 71^,1*10 242,789 324,505 153,297 132,626 798,965 141,662 98,824 125,734 60,863 237,894 Deposits: Member bank - reserve account 5,254,282 298,636 2,493,027 233,160 314,162 158,991 99,945 soo,4io 143,650 120.751 175,317 123,080 288 .153 U.S.Treasurer - General account 33,798 1,051 3,571 2,691 1,305 3,767 2,192 7,760 2,634 1,320 5,332 1,529 596 Foreign "bank 23,995 1.724 S,86S 2,370 2,274 886 862 2,777 718 574 644 622 1,676 Other deposits 226.588 3t°97 179,011 -RJli 2.4o6 JL 161 3,300 7,412 6.66c l,gog 14,029 Total deposits 5,538,663 304,50s 2,689,477 240,607 320j147 165,939 106,160 814,247 1511,414 129,314 182,357 127,039 304,454 Deferred availability items 524,540 55,952 123,276 38,581 52 t 229 424oo 16,764 77,OSS 24-534 15,352 31,566 20,989 25,809 Capital paid in 146,665 10,751 59,474 15,124 13,117 5 t ,O4O 4,452 12,806 3,960 3,133 4 ,o4l 4,00s 10,759 Surplus (Section j) 144,893 9,902 49,964 13,470 14,371 5,186 5,540 21,350 4,655 3,420 3,613 3,777 9,645 Surplus (Section 13b) 22,621 2,874 6,863 2,098 1,007 3,335 754 1,391 547 1,003 S02 1,252 695 Reserve for contingencies 30,782 1,648 7,500 2,995 3,000 l,4l6 2,601 5.325 S91 1,171 831 1,363 2,04l All other liabilities 10,597 235 5,782 351 360 174 23L 2*139 386 224 224 211 276 TOTAL LIABILITIES 9,739.787 675.327 3.656,746 556,015 728,736 376,787 269,132 1,733,311 331,049 252,441 349,168 219,502 591,573 Ratio of total reserves to deposit and F.R.note liabilities combined 74.8 76.3 80.1 66.8 69.O 64.4 63.I 80.1 65.7 68.7 66.0 60,1 66.5 Commitments to make industrial advances 23,981 3,334 9,323 711 1,836 1,756 620 521 1,937 l46 243 448 3,106 MATURITY DISTRIBUTION OF BIUS AND SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 6,153 4,453 56 1,044 ^33 162 5 Sills bought in open market 4,693 1,2% 804 2,137 503 Industrial advances 29,147 1,210 267 1,413 843 1,769 23,645 U.S.Government securities 2,430,205 32,260 24,930 55,066 103,930 294,813 1,919,206 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE ITOTE STATELSKT OH AUGUST l4, 1935 (In thousands of dollars) B-SOlb Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St .Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F.R»Agent 3,601,173 323,170 814,152 254,35* 3^1.116 162,708 149,384 829,35s 147,050 104,514 134,741 66,982 273,6110 Held by Federal Reserve bank 280,147 33,713 99,7*12 11,569 16,611 9,1111 .16,758 30,393 5.388 5,690 9.007 6.119 35.746 In actual circulation 3,321,026 289,4-57 7l4,4lO 242,789 32^,505 153,297 132.626 793,965 l4l,662 98,824 125,734 60,863 237,894 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 3,^10,889 326,617 818,706 218,000 316,265 138,000 97,685 847,546 127,632 105,500 125,000 63,675 226,263 Eligible paper 4,6S3 499 1,323 804 151 106 160 — 63 97 127 568 2S5 U. S. Govt, securities 230,000 — — 38,000 25,000 25,000 55,000 21,000 12,000 4.000 50.000 Total collateral 3,645,572 327,116 820,529 256,804 341,4l6 163,106 152^45 847,546 148,695 105,597 137,127 68,243 276,54s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis