H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, Dec, 6; of the Federal Reserve System not earlier,. December 5, 1-935 CONDITION 03P FEDERAL RESERVE BANKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended December k as reported by the Federal Reserve banks, was t $2,^75,000,000, practically unchanged from the preceding;week and $16,000,000 above the corresponding week in On December U total Reserve bank credit amounted to $2,470,000,000, a decrease of $2,000,000 for the week* This decrease corresponds with increases of $135,000,000 in monetary gold stock and $21,000,000 in Treasury and national bank currency, offset in part by increases of $116,000,000 in member bank reserve balances, $23,000,000 in money in circulation and $11,000,000 in nonmember deposits and other Federal Reserve accounts* Member bank reserve balances cn December k were estimated to be approximately $3,180,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $21,000,000 in holdings of United States Treasury bills was offset by a decrease of $21,000,000 in holdings of Treasury notes* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended December 1935, w^re as follows: Increase or decrease since Dec 4 k Uov, 27 Dec. 5 1935,, 1935 (In millions of dollars) Bills discounted 5 -1 -5 Bills bought 5 - -1 U« S* Government securities 22,,^^3300 — —— Industrial advances (not including 28 million commitments - December 32 -1 +22 Other Reserve bank credit -3 -2 +1 T0TA1 HE SERVE BANS CREDIT 2,1+70 -2 +18 Monetary gald stock 10,009 +135 +1»8^8 Treasury and national, bank currency 2.UU2 +21 -36 Money in circulation 5.^3 +23 +2 98 Member bank reserve balances 5,905 +116 +1,832 Treasury cash and deposits with r,R .banks 2,626 +1 Nonmember deposits and other 2*.R.accounts 545 +11 +132 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Releasee! for publication Friday morning, December 6, 1935? not earlier. B-301& ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (in thousands of dollars) Dec. 1935 Nov, 27, 1935 Dec. 5,1934 hmje'W ' *•• • • " • 1 1 1 A S S E TS Geld certificates on hand and due from U. S. Treasury • 7,410,351 7,266,651 5,111,620 Redemption fund - F. R. notes . i . 17,524 17,668 19,804 Other cash • • 225,445 227,249 218,767 Total reserves . . . .. 7,653,320 7,511*568 5,350,191 Redemption fund - F. R. bank notes 2,166 Bills discountedt Secured by U.SiGov!t obligations direct i and/or fully guaranteed * 2,360 3*200 6*274 Othei4 bills discounted • 3,008 2; 832 4,192 k Total bills discounted 5,368 6,032 10,466 Bills bought in open market 4,675 4}6?4 5*682 Industrial advances . . .. 32,395 32,6^14 10,204 U. S. Government securitiesi Bonds . • 219,948 2.19,940 395,588 Treasury notes 1,630,725 1,651,757 1,405,248 Certificates and bills 579,508 558,482 629,368 f Total U.S.Government securities 2,430,181 2,430,179 2,430,204 Other securities 181 181 __ Total bills and securities 2,472,800 2,473,700 2,456,556 Due from foreign banks . » 644 645 803 F. R. notes of other banks 18,550 20,038 21,122 Uncollected items • . . . « 543,286 531,236 449,696 Bank premises 50,279 50,278 53,275 All other assets ... • , 43,413 43,329 50,475 TOTAL ASSETS 10,782,292 10,63Q 794 8,384,284 r L I A B I L I T I ES F. R. notes in actual circulation 3,648,243 3,626,782 3,213,805 F* R, bank note circulation - net 27,477 Deposits I Member bank - reserve account . 5,905,115 5,788,991 4,073,385 U*S.Treasurer - General account 42,672 53,768 98,369 Foreign bank 39,109 43,787 15,636 Other deposits 244,335 237,782 160,272 Total deposits . . 6,231,231 6,124,328 4,347,662 Deferred availability items 547,149 533,284 454,865 Capital paid in 130,437 130,436 146,860 Surplus (Section 7) . • . 144,893 144,893 138,383 Surplus (Section 13 b) . . 23,457 23,457 3,873 Reserve for contingencies . 30,701 30,700 22,293 All other liabilities . . 26,181 16,914 29,066 TOTAL LIABILITIES . . .. 10,782,292 10,630,794 8,384,284 -Ratio of total reserves to deposit and F. R. note liabilities combined . . 77.5% 77.0% 70.8% Contingent liability on bills purchased for foreign correspondents — — 548 Commitments to make industrial advances 27,717 28,002 6,656 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OP THE FEDERAL HE SERVE BANKS ON DECEMBER 4, 1935 (In thousands of dollars) B~801b 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 u. s. Treasury 7,^10,351 493.207 3,189,882 352,530 491,245 233,897 167,512 215.551 1^3,137 196,232 119,597 421,076 Redenrotion fund - F. R. notes 17,524 3.1^9 1,257 1,365 1.211 9^9 2,944 685 841 557 87s 7O8 2,9^0 other"cash 225,^5 32,523 47,282 29,532 13,^10 10,870 10,573 25,793 13,895 7,097 1^.530 6,008 13,932 505,866 126,313 Total reserves 7,653,320 528,899 3,238,421 383,427 21+5,736 181,029 1,1+12,963 230,287 150,791 211,640 1+37,948 Bills discounted: Secured "by U.S.Govt, obligations. 290 150 58 direct and/or fully guaranteed 2,369 1,234 442 15 72 50 10 39 2,120 62 Other bills discounted 3,008 32 56 19 7 23 9 592 29 1144 322 72 631 Total bills discounted 5,368 3,354 498 79 95 173 67 29 14 likk 16s 126 Bills bought in open market 4,675 344 1,799 474 *TTT 173 555 80 64 121 327 6,832 1,707 861 Industrial advances 32,395 2,974 7.751 1.719 4,407 946 1,854 4l4 1,145 1,785 U. S. Government securities: 16,033 Bonds 219,948 14,420 60,664 16,348 19,069 10,209 8,240 25,^23 9,420 12,973 9,514 17,435 491,659 120,845 148,849 47,090 136,086 Treasury notes 1,630,725 107,174 79,684 64,318 241,201 74,029 46,972 72,818 Certificates and bills 579,508 36,077 189,494 39,927 50,106 26,823 21,651 88,865 24,751 15,640 24,512 15.852 45,810 Total U.S.Govt, securities 2,430,181 157,671 741,817 177,120 218,024 116,716 94,209 355,689 108,200 75,585 106,844 78,975 199,331 Other securities 181 — — — — — — — — — 181 — — Total bills and securities 2,472,800 161,311 754,721 184,924 220,221 121,375 95,418 358,271 108,761 77,428 108,927 80,910 200,533 49 Due from fore igi banks 644 256 67 61 24 23 78 4 3 17 45 1.009 F. R. notes of other banks 18,550 429 4.735 932 1,472 , 2.^05 1,152 2,358 1,619 642 1,445 352 543,286 19,405 69,980 Uncollected items 58,641 131.957 45,534 49,992 48,386 24,613 15,447 30,712 20,398 2S,221 50,279 12,136 1,686 Bank premises 3.168 4,805 6,632 3.028 2,331 4,967 2,628 1,580 3,449 3,869 32,069 1,495 256 All other assets 43,413 503 3,910 1,506 1,076 591 466 257 837 397 10,782,292 753,000 4,174,295 623,599 785.750 422,030 300,853 1,649,20s 368,16s 246,357 356,447 230,563 672,022 TOTAL ASSETS Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES 01 THE FEDERAL RESERVE BANKS ON DECEMBER 4, 1935 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston Eew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. 2ans.Cy. Dallas San Fran. F.S.notes in actual circulation 3,648,243 315,072 790,376 262,291 344,098 184,936 152,69s 833,0^0 158,062 110,204 i4o,ii2 73,622 277,732 Deposits: Member bank - reserve account 5,905,115 346,449 2,908,420 260,961+ 350,^69 169,71+3 109,540 879,556 164,892 104,433 1711, -347 115,175 324,027 U.S.Treasurer - General account 1*2,672 3,111 10,380 2,821 3»836 1,375 1,27s 12,595 1,241 629 l,4li 1,933 2,062 foreign bank 39.109 2.763 14,856 3,799 3,646 1,4-20 1,382 4,451 1,151 921 1,036 99S 2,686 Other deposits 244,335 2,587 184,621 13,044 2,690 1,876 3,913 2,855 7,579' 5,763 624 M 57 13,926 Total deposits 6,231,231 35^,910 3,118,277 280,628 360,741 174,4i4 116,113 899,^57 174,863 111,746 174,418 122,963 3^2,701 Deferred availability items 547,149 58,S4o 130,488 ^3,305 49,628 47,790 18,760 73,995 24,995 15.564 31,879 23,^93 28,412 Capital paid in 130,437 9 ,^ 12,326 12,299 ^,591 ^,172 11,99^ ,730 2,99S 3,910 10,197 Surplus (Section 7) 144,893 9,902 13,^70 1^,371 5,186 5,540 21,350 .655 3,420 3,613 3 3 . , 7 7 S 7 3 7 9,645 Surplus (Section 13 b) 23,457 2,874 7,250 2,098 1,007 3,335 75^ 1,391 547 1,003 1,142 1,252 804 Reserve for contingencies 30,701 1,648 7,500 3,000 l,4n 2,516 5,325 891 1,169 s 3J 1,363 2,046 All other liabilities 26,181 320 19,437 606 300 2,656 425 -251 52i 310 ^ TOTAL LIABILITIES 10,732,292 753,000 4,174,295 623,599 785,750 422,030 300,853 1,849,208 368,168 246,357 356,447 230,563 672,022 Ratio of total reserves to deposit 2).6 69.? 67.S 67.3 54.3 70.6 and E.E.note liabilities combined 77 »5 7S.9 S2.9 69.9 71.8 68.4 61.3 Commitments to make industrial advances 27,717 3,221 9,895 743 1,725 2,043 541 523 2,293 139 1,353 596 4,645 MATURITY DISTRIBUTION OF BILLS ilTD SECURITIES 91 days to To tal Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 month) 6 months Bills discounted 5.36s 3.71S 250 192 Bills bought 4,675 615 1,76s 721 1,571 Industrial advances , 32,395 1,56; 373 829 1,072 1,5^1 27,015 U.S.Government securities 2,430,181 90,081 3^,250 50,495 67,3^3 385,646 1,802,363 Other securities 181 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F3D2BAL E2S2EV3 1I0TE STATBMJBTT OH D2C3MBEB 1335 (In thousands of do liars) B-SOld Total Boston Hew York phila. Cleve. Sich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.5.bank by ?.B. agent 5,9^2,712 344,644 897,399 280,214 3oO,381 19o,308 170,282 870,112 166,027 113.352 147,131 81,507 3^,755 Held by Federal Reserve bank 294,4$9 29,572 107*023 11*923 16,253 11,372 18,184 37.072 7.965 3,148 7,019 7,3^5 37,023 In actual circulation 3,642*243 315,072 790,376 268,291 344,098 184,936 152,69s 833,040 158,062 110,204 140,112 73,622 277,732 Collateral held by agent as security for notes issued to bank Gold certificates on hand and due from U. S. Treasury 3,863,843 346,617 913,706 280,000 361,9^0 179,000 125,685 881,000 158,632 105,000 136,000 75,000 301,263 Eligible paper 3,744 30S 1,854 U79 15 72 88 I50 62 67. 625 24 U. S. Govt, securities 121,100 -- 18,000 47,000 — 8,000 9,100 12,000 7,000 20,000 Total collateral 3,988,687 346,925 915,560 280,1+79 361,955 197,072 172,773 881,150 166,694 Il4,l67 148,625 82,024 321,263 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis