H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STAT2ME1TT FOH THE PEESS Released for publication Board of Governors Friday morning, March 27; of the Federal Reserve System not earlier. March 26, 193& COHDITIOH OF FEBEHAI* RESERVE BA1JKS The daily average volume of Federal Reserve bank credit outstanding during the week ended March 25> as reported by the Federal Reserve banks, was $2,50^,000,000, an increase of $26,0 0,000 compared with the preceding week and of V $^6,000,000 compared with the corresponding week iif 1535- On March 25 total Reserve bank credit amounted to $2 liS5>000iu00> unchanged > from a week ago. Increases of $80,000,000 in Treasury cash and deposits with Federal Reserve banks and $12,000,000 in ^member deposits and other Federal Reserve accounts were offset by an increase of $U,000,000 in monetary gold stock and decreases of member bank reserve balances and $^,000,000 in money in circulation. Member bank reserve balances on March 25 were estimated to be approximately $2,310,000,000 in excess of legal requirements* Relatively small changes were reported in holdings of discounted and purchased bills, industrial advances and United States Government securities. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended March 25, 193^, were as follows: Increase or decrease since Bills discounted Bills boug&t Mar* 25 Mar• IS Mar t 27 ,1936 (In millions of dollars) Bills discounted 6 -2 Bills bought 5 U„ S # (k>v®tm.m% securities 2,5+30 Industrial advances (not including 25 million commitments ~ March 25) +1 +10 Other fi**ervt credit 11 +26 TOTAL SBSmi INK M&Zlf 2,^5 Monetary stotsfc 10,177 +1 Treasury m& national batik rnrmojr 2,502 -1 -33 +U01 Mcney in ciroalatlfca J* Member m m rm iM&aaeae +77U -S5 Treasury caab tjpttii* f +SO 1m& ^Hm ?*JU a^comts •12 +107 (B-801) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, March 27,1936; not earlier. B-SOla ASSETS Aim LIABILITIES OP THE TWELVE FEDERAL RESERVE BAIIKS COLBIIIED (In thousands of dollars) Mar. 25,1936 Liar. 18,1936 liar. 27.193 A S S E TS Gold certificates on hand and due from 7,655,840 7,667,338 55,,556677,,002255 Redemption fund - P. R. notes 1M73 15,019 14,708 Other cash # . . . . . . 353,632 346.078 253,500 Total reserves . . . . . 8,034,345 8,028,435 5,835,233 Bills discounted: Secured "by U.S.Gov1t obligations direct t and/or fully guaranteed 3.33S 2,857 44,,441155 2,727 Other bills discounted . .. 2,263 2,773 6,065 5,630 Total bills discounted . . . . .. 7,678 Bills bought in open market . . . . . .. 4,6 4 4,679 5,306 7 Industrial advances . .. 30,501 30,321 20,785 U. S* Government securities: Bonds . . . . .. . 265,711 265,756 339911,,994422 1,554,896 1,494,703 Treasury notes 1,554,893 Treasury bills 609,667 609,667 543,660 Total U.S» Government securities . 2,1+30,271 2,430,319 2,430,305 Gihar securities 181 181 — 2,471,130 Total bills and securities . . .. 2.471,692 2,464,074 650 702 Due from foreign banks 644 F. R. notes of other banks * 19,311 17,670 15,973 Uncollected items 527,356 636,336 446,072 Bank premises 47,265 47,864 49,524 All other assets . . . . . *. 35,973 35,549 42,173 TO TAX ASSETS 11,137,192 11,237,62s 8.853,751 L I A B I L I T I ES F. R. notes in actual circulation * . . 3,732,333 3,730,979 3,130,572 Deposits: Member bank - reserve account . • . . . 5, cm, 1^7 5,143,768 4,285,129 U*S,Treasurer - General accoxmt . . .. 1,146,565 1,067,364 393,138 Foreign bank 64,576 66,016 20,053 Other deposits 275.SOI 261.980 2^0,746 Total deposits 6,546,Ogg 6,539,128 4,9x9,066 Deferred availability items . . . . . .. 514,646 622,983 453,986 Capital paid in . . . . . . . . . . .. # 130,724 130,741 1146,921 145,501 Surplus (Section 7) . . .. . 145-501 14M93 Surplus (Section 13 b) <26,513 26,513 14,-366 Reserve for »»«».«» . . 34,105 34,100 30,802 All other liabilities 7.6T§ 8.145 TOTAL LIABILITIES 11,137,192 11,237,628 8,853,751 Ratio of total reserves to deposit and F. R. note liabilities combined . . .. 7788..22$$ 7722..55$$ Contingent liability on bills purchased for foreign correspondents . . . . . .. — 98 Commitments to make industrial advances # 25,421 25,537 15,732 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1ID LIABILITIES OP THE IHDEHAL EESEEV1 BA31XS ON M&RCH 25, 193$ (In thousands of dollars) B-SOlb A S S E TS Total Boston New York Phila. CI eve. Bich. Atlanta Chicago St. Louis Minn. Xsae.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 7,665,si+o 533,567 3,029,71+6 1+22,767 559,^31 280,6^5 203,522 1,390,183 207,892 l6*+,i93 157,576 162,540 1+53,733 2,587 2,251 705 2,1+61 Redemption fund - P. R. notes 14,373 1,655 555 S96 540 1,123 377 555 other cash 353,632 39,930 96,690 1+2,126 33,383 16,255 11,1+98 1+7,1+36 17,<M 8,009 jfr.&Ti 5,152 iU,98U Total reserves S,03i+,3i+5 626,031+ 3,123,091 1+65,1+1+s 593,710 297,1+30 222,271 1,^38,37* 226,063 172,579 219,515 163,21+7 1+76,233 Bills discounted: Secured by U.S.Govt, obligations, 20 130 direct and/or fully guaranteed 3,333 1*3 2,1+69 362 95 25 —— 29 1§ |0 Other hills discoxuited 2,727 32 2,124 52 32 15 12 *i G s> 125 179 2i+ Total hills discounted 6,065 175 4,593 1+11+ 127 l+o 12 ki 37 53 175 199 151+ 1+1+0 190 61 Bills bought in open market l+,67l+ 31+9 1,739 *72 161+ 579 S7 133 133 327 Industrial advances 30,501 2,9H 7,670 5,1+51 1,556 3,s** 36l 552 1,1+70 1,173 1,707 1,109 U. S. Government securities: 3onds 265,711 17,957 69,023 20,755 23,973 12,331+ 11,019 23,965 13,^2 1^,515 13.013 13,21+7 21,91s Treasury notes 1,, 55*,893 103,393 436,069 116,711+ ii+i+,293 77,21+1+ 66,320 17*,33S SI,70* 555 77,206 1+9,636 131,921 Treasury hills 609,667 35,323 179,291 39,651 49,759 26,63s 22,370 122,$6l 23,oo* 15,531 4,625 17,117 1+5,1+92 Total U.S.Govt, securities 2,,1 +30,271 157,673 73*,333 177,120 213,025 116,716 100,209 326,161+ 123,200 75,601 U6,S*1+ 35,000 199,331 Other securities 1S1 — — — — — — — — — 131 — — Total hills and securities 2,,1 +71,692 161,113 71+3,335 133,1+57 220,ll+S 120,790 101,21+6 32s,97§ 123,876 77.230 118,511 37,039 200,921 Due from foreign banks 650 50 253 59 29 23 n k 3 19 19 1+5 F.B.notes of other hanks 19,311 l+,l+62 637 1,319 1,159 2,119 2,m 1,717 960 1,395 1+53 1,522 Uncollected items 527,356 52,!+50 125,313 i+i+,S3S 59,123 1+7,079 13,391 71,133 22,716 13,093 SS,06i 19,361 2l+,223 Bank premises 1+7,365 3,113 10,323 14,926 6,525 2,919 2,2S* 1,531 3.360 i,52i+ 3,530 All other assets 35.973 202 26,221 3,570 1,1+1+6 1,015 1,3H 3*© , IS? „ *1$, jo3 755 212 TOTAL ASSETS 11,137,192 31+3,31+3 l+,Ql+l+,053 702,939 332,335 1+70,1+21 3*7,6*5 1,31+6,626 377,011 265,311 372.36* 277,39s 706,7*1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AtTD LIABILITIES OP THE FEDERAL RESERVE BAMS OU MARCH 25, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston Hevr York Phila. Cleve. Rich. Atlanta Chicago St .Louis Minn. K&ns.Cy. Dallas San Fran, P.R.notes in actual circulation 3.732,333 339,579 726,896 270,1+33 363,010 173,5^6 159. ^ 859,942 161,285 111,699 1^3,^SO 7^,504 280,519 Deposits: I,ieaber bank - reserve account 5»059»li+7 293,913 2,300,629 229,657 325,919 195,239 115,91s 713,3^3 141,692 99,604 %6iMl 121,927 299,699 U.S.Treasurer - General account 1,1^6,565 126,950 477,371 53,753 100,093 35,502 33.931 146,028 22,503 26,226 26,020 38,267 53.-201 Foreign "bank 64,576 M 76 22,732 6,12s 6,063 2.S99 2,306 7,644 1,977 1.911 1,911 4,5^7 4,094 Other deposits 275,801 6,030 209,705 2,790 3,^03 2,97^ 5,729 3.160 8,575 l,o4i 2,219 19,421 Total deposits 6,5^6,029 ^31,769 3,010,497 352,322 435,472 236,614 157,884 870,175 180,747 132,166 150,519 170,9S4 376,928 26,278 514,646 48,213 124,677 38,856 52,985 17,070 72,837 24,875 12,972 2S,622 21,617 Deferred availability items 4^,644 Capital paid in 130,724 9,390 50,919 12,324 12,550 4,594 4,236 12,032 3,767 3,016 3,9^ 3.799 10,149 9,645 Surplus (Section 7) 145,501 9,902 50,825 13,406 14,371 5,186 5,616 21,350 4,6*5 3,1^9 3,613 3,783 Surplus (Section 13 b) 26,513 2,874 7,7^4 4,231 1,007 3,U4« 754 1,391 5% 1,003 1,142 1,252 1*121 Reserve for contingencies 34,105 1,413 8,249 3,000 3,111 1,261 2,508 7,573 S92 1,477 844 1,328 I,S49 252 All other liabilities 7,281 203 3,651 361 323 128 137 1,326 244 329 196 131 TOTAL LIABILITIES 11,137,192 843,343 4,044,058 702,939 882,835 470,421 3^7,645 1,846,626 377,011 265,811 372,364 277.392 706,7^1 Ratio of total reserves to deposit and P. R. note liabilities combined ~JS.2 81.2 82.4 73.3 74.4 72.5 70.0 83.1 6S.1 70.S 65.8 6S.5 72.4 Commitments to aalce industrial advances 25,421 3,279 9,312 354 1,606 2,325 385 86 1,86s 105 663 584 4,354 MATURITY DISTRIBUTION OP BILLS AND SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months € months 3ills discounted 6,065 ^,099 252 ,253 915 530 16 Bills bought ^,674 364 750 i,44i7o9 2,150 Industrial advances 30,501 1,676 l6l 4s6 1.7^3 25.956 U.S. Government securities 2,^30,271 7,164 19,200 4s,si6 87,663 32€,050 1,885,378 Other securities 181 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON LIARCH 25, 1936 (In thousands of dollars) 3-2Old Total Boston New York Phila. Clove. Rich, Atlanta Chicago St.Louis Minn. Kans.Cy.Dallas San Fran, Federal Reserve notes: Issued to F.R.bank by F.R.Agent k,009,^0 356,619 891,935 291,728 377,537 182,^2 178,977 89^,620 169,35° 115.290 151,726 80,882 318,38^ Held by Federal Reserve bank 277,117 17,0^0 105,039 13,295 1*W7 8,856 19,537 3M7«. 8,065 3,591 8,2^6 6,378 37,865 In actual circulation 3,732,333 339,579 786,896 278,1*33 363,010 173,5^6 159,41*0 859,9^2 161,285 111,699 1^3,Uso 7^,50^ 280,519 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due fromU. S. Treasury 3,996,8^3 366,617 905,706 292,000 37S.1&0 186,000 155,685 900,000 150,632 116,000 1^1,000 81,500 323,263 Eligible paper M 90 1^9 2,962 381 95 25 — — 27 $2 156 183 130 U. S. Gov't securities 59,00-0 — — — — — 27,000 — 20,000 — 12,000 Total collateral H,060,033 366,766 908,66s 292,381 378,535 186,025 182,685 900,000 170,659 u6 0S2 153,156 81,683 323,393 # Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis