H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication Board of Governors Friday norning, April 31 of the Federal Reserve System not earlier* April 2* 193S C017DITI0H OF FEDERAL RESERVE BASKS The daily average volume of Federal Reserve bank credit outstanding during the week ended April 1, as reported by the Federal Reserve banlcs, was $2,483,000,000, a decrease of $21,000,000 compared wi>1& the preceding week and an increase of $1^,000,000 compared with the corresponding week in 1935• On April 1 total Reserve bank credit amounted to $2,^77,000,000, a decrease of $8,000,000 for the week, This decrease corresponds with decreases of $53,000,000 in Treasury cash and deposits with Federal Reserve banks and $11,000,000 in nonmember deposits and other Federal Reserve accounts and increases of $8,000,000 in monetary gold stock and $5,000,000 in Treasury and national bank currency, offset in part by increases of $^7,000,000 in money in circulation and $18,000,000 in member bank reserve balances. Member bank reserve balances on April 1 were estimated to be approximately $2,310,000,000 in excess of legal retirements* Relatively small changes were reported in holdings of discounted and purchased bills, industrial advances and United States government securities* f Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended April 1, 1936, were as follows: Increase or decrease since Apr. 1 Mar. 25 Apr* 3 m^ , , 1936 , ,.. 1935 (In millions of dollars) Bills discounted +1 +1 Bills botight U, S, Government securities Xn&uat^i&i (not i&clu&iag 25 ail lion Ci:r:mi Vi-er^a - M^rtx X) -1 OtLar ukafc. crs&it -10 TOTAL 3JBfc CTJGCf 2t^77 -S +15 Mbit.) ^old ri>rJr - Qxm +6 4-1, $17 f Treasury and national baa& ctarre&cy 2*504 +2 JA • * Mon<?y in citcxiation Aj +387 }L'ih'Z'.iv lrsfsevre "balances 5,077 +18 TranMxty «r»A &%*>«:tis wilfc f. M il ^53 Hc3iK2ember deposits other FJI, account® m -11 4-107 (B-801) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, April 3,1936; not earlier. B~301a ASSETS AMD LIABILITIES OP THE TTOLVE FEDERAL RESERVE BAKES COLffilHED (In thousands of dollars) Apr, 1,1936 Mar. 25,1336 Apr. 3, 1935 A S S E TS Gold certificates 011 hand and duo from U. S, Treasury 7,605,345 7,665,840 5,593,721 Redemption fund - F. R. notes . . . . . 14,854 14,873 17,625 Other cash . .. 350,037 353,632 236,131 Total reserves . . . 8,030,246 8,034,345 5,247,477 Bills discounted: Secured "by U.S.Gov't obligations,direct and/or fully guaranteed . . .. 4,489 3,338 3.406 Other bills discounted . . . . .. 2,727 2,9%5 hl&L Total bills discounted . . . 7,254 6,065 6,391 Bills bought in open market . . .. 4.674 4,674 5,304 Industrial advances . . . . . . .. 30,363 30,501 21,073 U. S. Government securities: Bonds . . . . . .. . . . . . .. 265,687 265,711 392,493 Treasury notes . . . . . . . .. 1,554,889 1,554,893 1,492,6 66 Treasury bills . . . . . . . . .. 609,667 609.667 545.660 Total U.S. Government securiti 2,^30,2^3 2,^30,271 2,430,819 Other securities . . . . . . .. IS1 181 Total bills and securities 2,472,715 2,471,692 2,463,587 Due from foreign banks . . 650 650 702 F. R. notes of other banks 17,690 19,3U 15,313 Uncollected items 558.332 527,356 471,759 Bank premises . . . . . .. 47,885 47,865 49,533 All other assets . . . . , 36,868 43,016 TOTAL ASSETS 11,164,386 11,137,192 8,891,387 L I A B I L I T I ES F. R. notes in actual circulation , 3,772,016 3,732,333 3,174,531 Deposits: I'ember bank - reserve account . , 5,077,088 5.059,147 4 192,954 U. S. Treasurer - General account 1,085,687 1,146,565 473,679 Foreign bank . . . . . . .. 63,441 64,576 17,360 Other deposits . . . . . .. 267.161 275.801 212*075 Total deposits « . .. 6,493,377 6,546,089 4,597,068 Deferred availability items . 554,751 514,646 4-74,539 Capital paid in . . . . .. , 130,715 130,724 146,953 Surplus (Section 7) 145,501 l%,501 144,893 Surplus (Section 13 b) * * . 26,513 26,513 14,809 Reserve for contingencies • . 34.105 34,105 30,805 All other liabilities . . .. 7,403 • 7t«fr 7i789 TOTAL LIABILITIES 11,164,386 11,137,192 8,891,387 Ratio of total reserves to deposit and F. R. note liabilities combined . .. 78.2$ 78.2$ 72*4$ Contingent liability on bills purchased for foreign correspondents . . . 70 • • Commitments to make industrial advances 25,048 25,421 16,252 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AMD LIABILITIES OE THE FEDERAL RESERVE BAMS OH APRIL 1, 1936 (In thousands of dollars) B-COlb A S S E TS Total 3oston New York Phila. Clever Rich, Atlanta Chicago St,Louis Minn. Eans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 7,665,345 533,877 3.139.356 425,341 597,725 273,766 19^,551 1,269,229 191.9^ 162,266 201,321 147,589 474,384 Redemption fund - E. R. notes 14,364 2,567 1,550 520 371 003 2,229 6S0 l,ll6 374 l,l6l 5H2 2,451 Other cash 350,037 38,637 96,140 42,552 3^,123 17,2'47 10,733 47,344 15,820 7,731 20/432 4,633 14,595 Total reserves 3,030,246 625,031 3,237,046 463,413 632,719 291,316 211,513 1,317,253 208,37b 170,371 222,91^ 152,Cl4 491,430 Bills discounted: - - - - — >_>direct and/or fully guaranteed L 4,1*89 348 1,828 423 27 95 1,500 18 70 50 — 130 Other bills discounted 2,765 37 2,150 37 23 11 9 29 16 75 122 239 17 'Total Mils -discounted 7,254 3S5 3,978 460 50 11 io4 1,529 3* 145 172 239 147 Bills "bought in open market 4,674 349 1,739 472 440 190 163 580 87 61 133 327 "J3? Industrial advances 30,363 2,909 7,672 5,^39 1,535 3,818 S54 2,138 552 1,468 1,175 1,696 1,107 U. S. Government securities: 3onds 265,687 17,956 . 68,473 20,755 23,973 12,834 11,019 28,415 13,^92 14,492 13,013 19,3^7 21,918 Treasury notes 1»554,OS9 103,893 432,760 116,714 ] l44,293 77,244 66,320 171,029 81,704 ^5,551 77,206 56,254 131,921 Treasury bills 609,667 35,828 178,150 39,651 49,759 20,63s 22,070 121,720 23,0-04 15,531 26,625 19,393 45,492 Total U.S. Govt, securities 2,430,243 157,677 729,383 177,120 218,025 116,716 100,209 321,164 123,200 75,57^ 116,844 95,000 199,331 Other securities 181 — — — — — — — — 181 — — Total "bills and securities 2,472,715 161,320 742,772 183,491 220,050 120,735 101,330 or njv M M 123,873 77,248 118,505 97,068 200,912 Due from foreign banks 650 50 258 63 60 28 23 78 4 3 19 19 E.R.notes of other banks 17,690 329 4,037 817 1,792 , 1,093 1,555 2,105 1,587 1,191 1,377 294 1,513 Uncollected items 558,332 63,786 147,718 1+l,273 52,101 44,184 18,226 78,051 22,539 13,641 28,364 19,526 28,903 Bank premises 47,335 3,113 10,843 4,926 6,525 2,919 2,284 4,828 2,452 1,531 3,3b0 1,524 3,580 All other assets 36,86s 215 26,959 3,590 1,499 1,012 1,3^2 308 193 417 323 746 264 TOTAL ASSETS 11,164,386 853,894 4,169,633 702,573 91^,7^6 461,787 336,273 1,728,034 359,5^ 264,402 374,862 271,991 726,647 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL BESERVE BABES Off APRIL 1, 1936 (In thousands of dollars) B-oOlc L I A B I L I T I ES Total Boston ffew York Phila. Clove. Rich. Atlanta C:\icago St.Louis L'inn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3.772,016 341,951 206,32s 220,577 361,052 177,01s 160,176 865,625 162,719 112,705 144,922 7M9H 223,929 Deposits: Member bank - reserve account 5,077,OSS 291,479 2,4o4,932 229,073 359,403 126,301 110,4^5 602,691 123,326 94,429 162,917 121,927 330,035 U.S.Treasurer - General account 1,025,627 124,652 456,964 50,291 102,313 35,130 27,212 126,625 22,646 29,017 27,023 35.617 41,^45 Foreign "bank 63,441 4,624 23,249 5,gs6 5,223 2,735 2,215 7,342 1,29s 1,519 l,?3S 1,236 4,367 Other deposits 267,161 207 >7^1- 2,922 4,615 3,413 2,263 4,290 1,010 5,^32 17,164 Total deposits 6.493,377 426,199 3,052,912 342,495 470,521 227,253 145,093 740,071 162J94 129,315 192.7-6 164, o r** lo t n 3 93,115 Deferred availability items 554,751 61,922 142,221 40,123 51,772 42,273 17,7^ 78,759 25,229 13,428 27,350 22,011 26,593 Capital paid in 130,715 9,390 50,913 12,324 12,554 4,529 4,236 12,037 3,766 3,017 3,949 3,791 10,149 Surplus (Section J) 145,501 9.902 50,225 13,406 14,371 5 s 126 5,616 21,350 4,655 3,149 3,613 3,733 9,645 Surplus (Section 13 b) 26,513 2,274 7,7^4 4,231 1,007 3/442 754 1,391 546 1,003 1,142 1,252 1,121 Reserve for contingencies 34,105 1,413 2,24g 3,000 3,111 1,261 2,50s 7,573 292 1,477 244 1,322 1,249 All other liabilities 7»4OS 237 3,721 357 352 154 146 1,222 233 302 196 114 246 TOTAL LIABILITIES 11,164,32$ 253,294 4,169,633 702,573 91^,7^6 461,727 336,273 1,722,034 359,544 264,402 37M62 271,991 726,647 Ratio of total reserves to deposit and F.R. note liabilities combined 72.2 21.4 23.0 74.5 76.1 72.2 69.3 22.0 64.2 70.1* 66.0 63.7 72.6 Commitments to make industrial advances 25,042 2,929 9»6l4 354 1,605 2,321 320 21 1,922 105 663 524 4,424 MS-TUHITY DISTRIBUTION OF BILLS A3® SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 vonthi 6 months Bills discounted 7.254 5,121 403 125 SS5 541 19 Bills bought 4,674 575 1.567 449 2,033 Industrial advances 30,363 1.609 329 311 499 2,077 25,532 U.S. Government securities 2,430,243 9,20-0 21,010 49,206 94,376 3*2,939 1,272,252 Other securities 1S1 121 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDEBAL HESEHV3 HOTS STACEUE1TO Oil APRIL 1, 193& (In thousands of dollars) B~S01d Total Boston Hew York Phi la, Cleve. Bich. Atlanta Chicago Si.&mis Uim Wm&.Gy. Dallas San Fran. m Federal Ho serve notes: Issued to F.H.bank "by F.EJlgent '4,029,102 353*827 900,575 292,913 375,202 125,127 177*758 898,1V* 169.85^ 115,^2 153,693 si,233 31S,92S Held by Federal Beserve bank 237,056 16,876 S]4,1S7 12,336 15,156 g>109 17,582 32,519 7,135 3,137 £.711 S.VS9 3U.999 In actual circulation 3,772,01b 3^1,951 S0S»3SS 280,577 361,052 177,018 160,176 865,625 162,719 112,705 1^,982 7M95* 283,929 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U S. Treasury 3,990,8^3 366,617 905,706 293,000 37SUUO 186,000 152,685 S00 000 1^632 117,000 1^4,000 81,500 323,263 # f 9 Eligible paper 5,298 360 2,^09 236 27 ~ 95 1,500 26 13S 156 215 130 U. S. Gov't securities 57,000 — — — — — 27,000 — 25,000 ~ 12,000 Total collateral H,O63,iHI 366,983 908,115 293,236 378,U67 186,000 179,780 901,500 170,65s 117,135 156,156 81,715 323,393 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis