H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PEESS Released for publication Board of Governors Friday morning, April 10; of the Federal Reserve System not earlier• April 9, 1936. C01TDITI01T OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended April S, as reported "by the Federal Reserve banks, was $2,^80,000,000, a decrease of $3,Q00,000 compared with the preceding week and an increase of $19,000,000 compared with the corresponding week in 1935• On April G total Reserve bank credit amounted to $2,^79,000,000, an increase of $2,000,000 for the week. This increase corresponds with increases of $3^,000,000 in member bank reserve balances, $22,000,000 in money in circulation and $1^,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by a decrease of $112,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $5»000000 in monetary gold stock. Member bank f reserve balances on April S TJere estimated to be approximately $2,^20,000,000 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 April S, 1936, were as follows: Increase or decrease since Apr. S Apr. 1 Apr. 10 J32<L 197? (in millions of dollars) Bills discounted 6 -1 Bills bought , 5 U. S. Government securities Industrial advances (not including 26 million commitments - April 8) 30 Other fieserve bank credit 8 •A +s 50TA1 BESSRV3 BUK CREDIT 2,^79 +2 +16 Monetary gold stocfc 10,190 +1,576 Treasury and national bank currency 2,505 +1 Money in circulation 5,906 +22 +419 Member "bank reserve balances $,161 +6U +S74 Treas\iry cash and deposits with f .R.baatet hm -ii2 Noniaember deposits and other F.R.accounts 60^ +lH +127 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released fcrpublication Friday morning, April 10,1936; not earlier. 3~S01a ASSETS AUD LIABILITIES 07 THE TWELVE FEDERAL RESEHVE BAMS C0MBI1TED (In thousands of dollars) Apr. S,1936. A*r. 1.1936 Anr, 10,1935 f A S S E TS Gold certificates on hand and due from 7,665,31+6 77,,666655,,3311++55 5,592,822 Redemption fund - F. R. notes . . 13,732 14,861+ 17,067 Other cash . . . . . . 336,358. 350,037 237,21+5 Total reserves . . . . .. 8,015,1+36 8,030,2^+6 5,81+7,134 Bills discounted: Secured by U.S.Gov1t obligations, direct and/or fully guaranteed . . . . 22,,SSoo66 ii++,,ii++SS99 2,818 Qther bills discounted . . . . . 2,616 2,765 3,201 . .. Total bills discounted . . 5,502 7,251+ 6,019 . . • Bills bought in open market . » . U-, 6SS k,6jk 5,307 Industrial advances . . . . . .. » » * 30,257 30,363 21,256 U. S. Government securities: • . # Bonds * . « • « •« . . . . .. 265,691 265,687 33SSii++,,ii0055 Treasury notes . . . • • « . .. 1,55^,S9H 1.55M89 1,1+88,666 Treasury bills . • • . 609,667 609,667 557,660 Total U.S. Government securities 2/430,252 2,1+30,21+3 2,1+30,1+31 • . • Other securities . . . . . . .. 1S1 181 — • • . Total bills and securities 2,5+70, sso 2,1+72,715 2,1+63,013 Due from foreign banks 63H 05O 700 F. H. notes of other banks • » . 16,762 17,690 15,933 Uncollected items . . . . . . .. 501,570 : 558,332 1+34,605 Bank premises . . . . . . . . .. 1+S,00l+ 1+7,885 %,6l5 All other assets . .. . .. . 36,86s 1+1+.019 f • • • TOTAL ASSETS 11,090,622 ll,l6l+,386 8,855,019 L I A B I L I T I ES F. R. notes in actual circulation 3.731,039 3,772,016 3,169,329 • * Deposits: Member bank - reserve account . 55,,116611,,331177 5,077,088 11++,, 228866,,883300 • • • U* S. Treasurer - General account • «• # . 96^,390 1,085,687 393,068 Foreign bank . . 71,622 63,1+1+1 17,817 Other deposits . . . . . . . .. 273.qHS 267,161 206,1+22 • • # Total deposits . « 4 6,^71,277 6,1+93,377 ^,90^,137 Deferred availability items f # . •. •• t. k$k,ies 55^,751 tag,255 Capital paid in . 130,699 130,715 146,966 Surplus (Section 7) . • . . . 145,501 145,501 lUi+,893 Surplus (Section 13 b) . . . .. 26,513 26,513 ll+, 820 Reserve for contingencies . . , . 33^^,,110077 3M05 30,805 * » « All other liabilities . . . . .. 7,1+08 8,814 • » • m<m IiIiSILITHS . . » • • 11,090,^2 11,161+,386 8,855,019 Ratio of total reserves to deposit and F. R. note liabilities combined 777888...222***SSS 7722..11$$ • « • Contingent liability 6:1 bills purch • as * ed • for foreign correspondents • . — — 1+8 Commitments to make industrial advances 25,55U 25,01+8 16,315 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS ABD LIABILITIES 0? THE FEDERAL RESERVE BANKS 02J APRIL 8, 1936 (in thousands of dollars) B-SOlb A S S E TS Total Boston Hew York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from u. s. Treasury 7,665,3^6 5S3.39S 3#o42,033 425,13s 503,546 264,671 205,365 1,3^,909 203,477 160,739 201,SlS 13S,735 432,657 Redemption fund - F. R. notes 13,732 2,522 1,113 442 793 .546 2,195 5S0 1,101 3^3 1,1^9 530 2.39S Other cash 336,358 36,334 96,000 4l,6oi 32,137 16,564 10,023 45,691 1U.91U 6,910 18,939 ^,67^ 12,066 Total reserves 3,015,436 622,75^ : 5,139,1^6 467,181 641,476 231,731 217,533 1,395,iso 219,492 163,062 221,706 143,939 1 +97,131 Bills discounted: Secured by U.S.Govt, obligations, direct and/or fully guaranteed 2,336 253 11,,445500 441155 29 20 — 250 2 70 250 32 110 Other bills discounted 2,6l6 31 2,036 27 16 3 6 20 13 70 130 247 12 Total bills discounted 5,502 239 3,436 442 23 6 270 15 i4o 380 279 122 Bills bought in open market 4,6ss 349 1,753 472 44o 190 163 530 S7 61 133 133 327 Industrial advances 30,257 2,909 7,671 5,336 1,55^ 3,31b 356 2,13S 551 1,460 1,164 1,693 1,109 U. S. Government securities: Bonds 265,691 17,556 63,473 20,755 23,973 12,334 11,019 2S,4i5 13,^92 14,^96 13,013 19,347 21,91s Treasury notes 1,554,394 103,393 432,760 116,714 l44,293 77,244 66,320 171,029 31,704 45,556 77,206 56,254 : L31.921 Treasury bills 509,667 35,323 173,150 39,651 49,759 26,638 22,370 121,720 23,004 15,531 26,625 19,399 45,492 Total U.S.Govt, securities 2,430,252 157,677 729,3S3 177,120 213,025 116,716 100,209 321,164 123,200 75,5^3 116,344 95,000 199,331 Other securities 1S1 — — — — — — — — — 131 — Total bills and securities 2,470,330 l6l,224 7^2,293 133,370 220,064 120,750 101,234 324,152 123,S53 77,244 113,702 97,105 200,339 Due from foreign banks 634 50 243 63 59 23 23 73 4 3 19 19 45 F.R.notes of other banks 16,762 354 4,309 731 1,277 1,^29 1,711 2,192 1,113 723 1,013 423 1,037 Uncollected items 501,570 5 2,610 113,579 37,^23 51,653 41,450 13,511 70,045 21,^OU 14,913 23,l4l 21,031 25,255 Bank premises 48,004 3,113 10,843 5,044 6,525 2,919 2,234 4,829 2,452 1,531 3,360 1,524 3,580 All other assets 37,396 , 220 27,618 3,573 l,46l 1,005 1,322 340 195 422 269 7*K) 231 TOTAL ASSETS 11,090,682 840,325 4,043,531 697,390 922,515 449,262 3^2,673 1,796,816 369,013 262,898 373,210 264,831 728,218 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AHD LIABILITIES OP THE FEDERAL HESSRVE ON APRIL 8, 1936 (In thousands of dollars) B-SOlc L I A B I L I Total Boston Hew York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3, 721,039 343,332 200,732 282,117 364,374 176.71^ 161,614 267,249 162,101+ 113,930 144,922 75,36s 2S7.370 Deposits: Member "ban]" - reserve account 5, 161,317 298,925 2,393,767 293,226 366,473 125,226 114,225 742,133 135,654 92,532 160,272 124,116 343,442 U.S.Treasurer - General account 964,390 111,305 460,924 42,0U7 99,067 25*966 27,023 60,276 27,064 27,314 30,937 24,271 Foreign "banlcs 7i,6a2 5,376 25,^91 b s 756 b s b23 3,196 2,543 2,427 2/L79 2i>, 796 2,107 2,107 5 c 013 Other deposits 273,9^2 5,497 217,311 2 s 2yo 3,191 3.022 4,223 4,678 S* oJ3 1,052 1,542 17,233 4,433 Total deposits 6, 471,277 421,103 3,007,493 345,779 475.414 217,476 149,814 815,514 173,755 125,505 190,751 152,702 329,965 Deferred availability items 494,186 52,065 113,413 36,134 51,315 4o,44o 17,921 69,799 23,019 14,495 27,215 20,461 27,249 Capital paid in 130,699 9,394 50,914 12,323 12,556 4,539 4,232 12,013 3,765 3,017 3,950 3,791 10,155 Surplus (Section 7) 145,501 9,902 50,225 13,4O6 14,371 5,126 5,616 21,350 4,655 3,613 3,723 9,645 754 Surplus (Section 13 b) 26,513 2,274 7,744 4,231 1,007 3,443 1,391 546 1,003 1,142 1,252 1,121 Reserve for contingencies 34,107 1,413 2,249 3,000 3,111 1,263 2,502 7,573 892 1,477 244 1,322 1,249 All other liabilities 7,360 242 3,555 4oo 367 146 154 1,327 277 322 167 139 264 TOTAL LIABILITIES 11,090,622 240,325 4,043,531 697,390 922,515 449,252 342,673 1,796,216 369,013 262,29s 373,210 264,831 722,212 Ratio of total reserves to deposit and F.R. note liabilities combined 72.2 21.5 22.4 74.4 76.4 71.5 69.9 22.9 65.4 70.2 66.0 61.5 73.3 Commitments to molts industrial advances 25,654 2,926 10,094 346 1,673 2,322 320 so 1,972 105 650 524 4,466 MATURITY DISTRI3UTI01T OF BILLS AI3D SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months $ months Bills discounted R,502 3,714 221 59 925 549 34 Bills bought 4,6sc 639 2,792 697 554 Industrial advances 30,257 1,520 354 43s 582 2,029 25,274 U. S. Government securities 2,430,252 19,200 21,710 47,506 103,576 302,125 1,256,135 Other securities 121 121 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON APRIL S, 1936 (In thousands of dollars) B-SOld Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. J'^d.CrSll *R6S6I*V6 tlO ti6$' Issued to F.R.bank by F.R.Agent H,050,111 363,06s 903,67S 295,0^6 377,7^0 136,165 179,0UU 900,712 169,786 117,302 15^,112 32,271 321,137 Held by Federal Reserve bank 269,072 19.736 102,9^0 12,929 13*356 9,^51 17,^30 32,363 7,682 3,372 9,lgU 6,902 33,217 In actual circulation 3.7S1.039 3^3,332 800,733 222,117 3&.371* 176,711* l6l,6lH 367,3^9 162,10^ 113,930 1UU.92S 75,369 227,970 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury *,02k,3k3 376,617 905,706 295,000 37S.V+0 139,000 1^9,635 915,000 1^6,632 113,000 144,000 33,000 323,263 Eligible paper 3,359 276 1,995 1+25 29 20 -- 250 10 136 35S 250 110 U. S. Gov't securities 63,000 32,000 — 2^,000 — 12,000 Total collateral H,096,202 376,393 907,701 295,^25 373,^9 139,020 131,635 915,250 170,6^2 113,136 156,35s 33,250 323,373 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis