H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOB THE PEESS Released for publication Board of Governors Friday morning, Feb. lU; of the Federal Beserve System not earlier. February 13, 193^ CONDITIO!! OF FEDERAL RESEBVE BA2KS The daily average voliame of Federal Reserve bank credit outstanding during the week ended February 12* as reported by the Federal Reserve banks, was $2,^96,000,000, an increase of $U 000,000 compared with the preceding week and of f $29,000,000 compared with the corresponding week in 1935* On February 12 total Reserve bank credit amounted to $2,50S*000,000, an iivcrease of $19,000,000 for the week. This increase corresponds with increases of $21,000,000 in money in circulation, $35,000,000 in Treasury cash and deposits with Federal Reserve banks and $39,000,000 in nonmember deposits and other Federal Reserve accounts and a decrease of $13,000,000 in monetary gold stock, offset in part by a decrease of $85,000,000 in member bank reserve balances and an increase of $5>000,000 in Treasury and national bank currency. Member ban^geserve balances on February 12 were estimated to be approximately $3,000,000/In excess of legal requirements* The Systom's holdings of bills discounted decreased $2,000,000 during the week, while holdings of bills boiaght in the open market and industrial advances were practically unchanged. An increase of $2,000,000 in holdings of United States Treasury notes was offset by a decrease of $2,000,000 in holdings of United States Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended February 12, 193^> were as follows: Increase or decrease since Feb. 12 Feb. 5 Feb. 13 (In millions of dollars) Bills discounted g -2 +1 Bills bought 5 „ U. S Government securities 2,^30 -- # Industrial advances (not including 27 million commitments - February 12) 32 — Other Reserve bank credit 33 +21 TOTAL RESERVE BANK CREDIT 2,503 4-19 +5S Monetary gold stock 10,155 -13 +1,699 Treasury a&d national boaak currency >5 Money in circulation 5,763 +21 +333 Member bank reserve balances 5,784 ~S5 +1,20* Treasury cash and deposits with F.E banks 2,993 +35 * # Nonmember deposits and other F,R accounts 6lS +39 +191 # (B-801) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, February 14,1936; not earlier. B-S01a ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BANKS OOMBIHED (In thousands of dollars) Fefc. 12,1936 leb. 5,1936 Feb. 13,1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 7,661,223 7,664,237 5M9.639 Redemption fund - F. R. notes , » * 15,920 16,259 16,549 Other cash . 337,337 339,200 264,771 Total reserves . s,oi4,4so 8,019,696 5,730,959 Redemption fund - F. R. bank notes . — — 250 Bills discounted: Secured by U.S.Gov't obligations,direct and/or fully guaranteed . . 5,1^2 6,789 3,^51 Other bills discounted . . 2,876 2,829 3,059 Total bills discounted . . . . . .. 8,018 9,61s 6,510 Bills bought in open market . . . . .. 4,674 M71 5,502 Industrial advances • . . . . . . . .. 31,801 31,965 is,375 II. S. Government securities: Bonds 215,681 215,721 395,726 Treasury notes . . 1,624,918 1,511,683 Treasury bills . . . . . . • • • • •» 537,752 539,653 522,925 Total U.S» Government securities . . 2,1+30,2^1 2,430,292 2,430,33*+ Other securities . • 181 181 — — e Total bills and securities . • . • . 2,^,915 2,476,727 2,460,721 Due from foreign banks . . • • • . . .• 646 650 S05 F. R. notes of other banks . . . . . .. 17,653 19,054 16,763 Uncollected items . . 564,697 470,533 ^15,332 Bank premises • . . . . . . . . . . .. ^7,799 47,79s 49,4^6 All other assets . 39,332 39,605 ^6,3% 11,159,572 11,074,113 8,720,615 L I A B I L I T I ES F. R. notes in actual circulation . . . 3,656,13s 3,640,094 3, US, 015 F. R. bank note circulation - net . . . -- 1,192 Deposits: Member bank - reserve account 5,783,81*1 5,868,769 4*580,34l U.S•Treasurer - General account . . . .. 4si,8l6 440,247 72,312 Foreign bank 67,998 66,9^8 13,567 Other deposits 296,053 256,648 167,9*45 Total deposits * . . 6,629,681 6,632,662 4,834,165 Deferred availability items 532,326 458,986 426,371 Capital paid in 130,703 130,684 146,928 Surplus (Section 7) . 1^5,501 145,501 144,893 Surplus (Section 13 b) 2o,406 26,406 12,447 Reserve for contingencies . . . . .. * • 34,047 34,050 30,822 All other liabilities 4,770 5,730 5,782 TOTAL LIABILITIES 11,159,572 11,074,113 8,720,615 Ratio of total reserves to deposit and F.R. note liabilities combined 77*9$ 78*1$ 72.1$ Contingent liability on bills purchased for foreign correspondents . . . . . .. — — 366 Commitments to make industrial advances . 26,562 26,621 12,540 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON FEBRUARY 12, 193& (In thousands of dollars) B-SOIb 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 7,561,223 522,845 3,^55,510 360,764 489,4?4 234,959 178,207 1,33^,428 207,202 159,205 199*639 130,100 386,330 Redemption fund - F. H. notes 15,920 2,858 1*866 872 1,077 2,620 599 70S 495 750 606 2,728 other cash 337*337 ^2,299 79,661 39,066 27,^50 17,300 1^,2^2 42,626 19,^09 9,803 22,682 6*165 16,63*1 Total reserves 8,014,480 56s.002 3,537*037 4oo,702 517,625 253,336 195,069 1,379*653 227,319 170,103 223,071 136,871 405,692 Bills discounted: Secured "by U.S.Govt, obligations, direct and/or fully guaranteed 5,1^2 13 ^,096 532 50 70 162 3 52 120 Other bills discounted 2,276 33- 2,175 91 32 15 38 Hi 15 7^ 301 27 3^ Total "bills discounted g,0lS H6 6,271 623 82 85 200 hi 18 3H5 79 15H Bills bought in open market b,S7k 3^8 1,7^1 H72 Hiw 190 163 579 i87 61 133 133 327 Industrial advances 31,801 2,923 7,687 6,5^9 1,609 M 38 888 2,083 1,503 1,113 1,72s 1,105 U.S.Government securities: Bonds 215,681 1^,^27 55,252 16,8^8 19,070 10,209 8,2H0 10,732 12,95^ ?,5iH 16,560 17,1+35 Treasury notes .,626,808 109,127 502,016 122,506 151,562 81,136 65,490 196,502 85t796 7^,1^5 52,137 138,567 Treasury bills 587.752 3M2H 177,115 37,766 1*7.393 25,371 20,^79 121,222 26,672 1^793 16,303 H3.329 Total U.S.Govt. securities 2,430,241 157*678 73^*383 177,120 218 025 116,716 9^*209 3^2,10* 123,200 75*571 106,844 85,000 199,331 f Other securities 181 — — — — — — — — — - 181 — — Total bills and securities 2,1+74,915 160,995 750,082 184,764 220,156 121,129 95,*+60 3*+M67 123,780 77*209 108,6l6 86,940 200,917 Due from foreign banks 646 50 254 63 60 28 23 78 4 3 19 19 45 F.R.notes of other banks 17*653 432 4,507 537 890 1,192 2,252 2 a2 1,323 701 1,422 466 1,719 f Uncollected items 564,697 66,673 159,982 35,126 42,301 52,526 25*373 60,494 29,646 12,002 32*707 20,228 27,639 Bank premises ^7,799 3,H3 10,810 4,875 6,525 2,919 2,284 4,826 2,452 1,^31 3,360 1,524 3,580 All other assets 39,382 l4l 30,202 3,539 1,3^5 971 1,220 217 158 H65 238 762 124 TOTAL ASSETS 1J,159*572 799,^06 4 492*874 629,606 788,902 432,101 321,681 1,792,3^7 384,682 262,014 369^33 246,810 639,716 t Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OP THE FEDERAL RESERVE BABES OXT FEBRUARY 12, 1936 (In thousands of dollars) B-SOlc L I A B I L I TI Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. P.H.notes in actual circulation 3,656,13s 318,576 775,991* 268,983 355,02^ 17^,776 152,377 850,077 160.I&S 109,2^3 139,2^2 72,613 278,785 Deposits: 169,500 Member 'bank: - reserve account 5,783,SlU 376,^1+5 2,796,237 278,226 3^2,218 17^,267 118.55H 805,129 126,035 179,175 127,558 290,U20 U.S.Treasurer - General account US1,S16 6,897 ^00,399 7.262 11,560 5,635 3,232 29.953 1.986 3,024 3,802 2,381 5*685 Foreign "bank 67,998 3,583 37,25^ ^,503 it.teH 2,130 1,695 5,616 U%2 1,162 l.tofc 3.3^1 Other deposits 296,053 17,757 206,^16 U,052 3,5^2 1,929 10,^95 2,138 ^,727 5,218 n § 7bb 13,602 Total deposits 6,629,621 *K&,682 3,^,356 29^, (&3 361,77^ 183,961 133.376 8^2,336 127,371 13^,9^ 189,599 1^3,027 313,01*8 Deferred availability items 532,326 52,388 156,550 33,325 ^0,917 58,787 22,179 55,788 8,9^2 30,66s 20,867 2^,929 Capital paid in 130,703 9.U05 51,031 12,321 12,%3 ^,598 ^,225 12,002 3,056 3,932 3,788 10,153 Surplus ^Section J) 1^5,501 9,902 13, 1^,371 5.186 5,616 21,350 5 3,1% 3,613 3,783 9, <3+5 Surplus (Section 13*>) 26,406 2,876 ^,231 1,007 3,^35 75** 1,391 1,003 1.1U2 1,256 1,021 Reserve for contingencies 3H.OJ+7 3,000 3,111 1,261 2,^38 7,573 892 1,^90 SU3 1,328 l,SiJ9 All other liabilities ^t77° 1,525 265 2L il6 J&5. iqH ss 2S3, TOTAL LIABILITIES 11.159,572 799,^6 629,606 753,902 1*32,101 321,681 1,792,3^7 38^,682 262, (ttH 369,^33 2^6,810 639,716 Ratio of total reserves to deposit and FJJ.note liabilities combined 77*9 78.5 83.9 71.2 72.2 70.6 68.1 81.5 65.^ 69.7 67.8 63.5 68.5 Commitments to make industrial advances 26,562 3,251 9,773 539 1,1*0 2,293 397 108 2,013 113 1,335 590 M 10 MATURITY DISTRIBUTION OF BILLS ASD SEOTRITIES 91 days to Total Within 15 days 16 to 30 days 31 to --0 days 6l to 90 da^s Over 6 months 6 months H Bills discounted 8,018 5,831 137 1.595 103 5 Bills bought KGik U15 782 651 2,826 Industrial advances 31,801 1,692 HOI 10k 1,681 26,^5 ?7S U.S.Government securities 2,^30,2^1 31,025 39.295 72,125 188, m 318,^85 1,780,486 Other securities 181 1S1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE. HOTE STATEMEtTT OH FEBHlIAE? 12, 1936 (In thousands of dollars) B-SOld Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.banlc by F.R.agent 3,9^9,707 3^2,666 890,018 284,832 368,825 183,532 172.716 883,914 167,273 113.13& l4S,S03 JS&k 315,408 Held by Federal Reserve bank 293,569 24,090 114,024 15,8% 13,801 8,756 20,339 33,837 6,&?5 3,^93 9>5ol 5,971 36,623 " ' •• '" - 1 11 •••-•••• - • • •• • '•—.•I.I ...ll— . Ml.* .-. I I* II. HIM. In actual circulation 3,656,138 318,576 775,99*+ 268,983 355,024 17^,776 152,377 850.077 160,448 109,250 139,242 72,613 278,785 Collateral held by agent as security for notes issued to banlc: Gold certificates on hand and due from U. S. Treasury 3,881,843 356,617 905,706 234,500 370,440 176,000 132,685 894,000 150,632 114,000 143,000 79,000 275,263 Eligible paper 6,243 20 4,729 591 50 70 188 — 8 66 324 69 12S U. S. Govt. securities 118,000 — 8,000 42,000 -*» 18,000 — 7,000 — 43,000 Total collateral 4,006,086 356,637 910,435-285,091 370,490 184,070 174,873 894,000 l6g,64o 114*066 150,324 79,069 318,391 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis