H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATELDBHT FOB. THE PHESS Released for publication Board of Governors Friday morning, April 17; of the Federal Eeserve System not earlier . April lo 1936 f COlTOITIOi* 07 FEDEML RESERVE BAMS The daily average volume of Federal Eeserve bank: credit outstanding during the week ended April 15, as reported by the Federal Reserve banks, was ,000,000, an increase of $6,000,000 compared with the preceding week and of $10,000,000 compared with the corresponding week in 1935* On April 15 total Reserve bank credit amounted to $2,^77,000,000, a decrease of $2,000,000 for the week. This decrease corresponds with decreases of $29,000,000 in money in circulation, $123,000,000 in Treasury cash and deposits with Federal Reserve banks and $9,000,000 in nonmember deposits and other Federal Reserve accounts, and an increase of $10,000,000 in monetary gold stock, offset in part by an increase of $172,000,000 in member bank reserve balances and a decrease of $3,000,000 in Treasury and national bank currency. Member bank reserve balances on April 15 were estimated to be approximately $2,550,000,000 in excess of legal requirements* Relatively small clwiges were reported in holdings of discounted and purchased bills and industrial advances* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended April 15, 1936, were as follows: Increase or decrease since Apr. 15 Apr* 8 Apr. 17 , J 3 IL AW , (In millions of dollars) Bills discounted 6 —— -1 Bills bought , 5 — U. S. Government securities 22..^^3300 -1 Industrial advances (not including 26 million commitments - April 15) 30 Other Eeserve bank credit 5 -3 TOTAL K35S3H72 BASK OKSDIf 2M7 -2 +7 Monetary gold stock 10,200 +10 +1,528 Treasury and national "bank currency 2,502 -3 -hj Money in circulation 5,877 -29 +365 Member bank reserve balances 5,333 +172 +S32 Treasury cash and deposits with F.R.baiilcs 3,37^ -12S +225 Nonmember deposits and other F.R,accounts 595 -9 +67 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, April 17,1536; not earlier, B-SOla ASSETS m> LIABILITIES 0? THE TiTELVE FEDERAL RESERVE BA3CS COUBIITED (in thousands of dollars) Apr. 15,1936 Apr, 8,1936 Apr. 17,19,35 A S S E TS Gold certificates on hand and due from U. S. Treasury 7,664,835 7,665,346 5,682,857 Redemption fund - F. R. notes 13*736 13,732 16,881 0 tiier* cash 341,744 336,355 228,205 Total reserves 2,020,315 8,015,43b 5,927,9^3 Bills disco-anted: Secured by U.S.Gov't obligations, direct and/or fully guaranteed 3»713 2,886 3.332 Other bills discounted 2,480 2,ol6 3,329 Total bills discounted 6,193 5.502 6,661 Bills bought in open market . . . . .. 4,690 4, 60S 5,302 Industrial advances 30,313 3°,257 26,163 U. S. Government securities: Bonds . . . .. 265,527 265,691 383,461 Treasury notes 1,554,895 1,554,3$4 1,427,332 Treasury bills 609,667 609.657 560,060 Total U.S. Government securities . 2,430,249 2,430,252 2,430,853 Other securities 181 181 Total bills and securities . . .. 2,471,626 2,470,820 2,468,973 Due from foreign banks 633 03^+ 705 F. R. notes of other banks 22,125 16,762 16,057 Uncollected items 696,1$5 501,570 549,846 Bank: premises 48,Q06 48,004 49,617 .All other assets 36,286 37,396 39,685 TOTAL ASSETS . . 11,295,187 11,090,682 9.052,832 L I A B I L I T I ES F. R. notes in actual circulation . . . 3,761,762 3,781,039 3,178,871 Deposits: Menber bank - reserve account . . . .. 5,333»04g 5,161,317 4,501,203 U.S.Treasurer - General account . . .. 829,731 964,390 205,419 Foreign bank 53,826 71,622 22,319 Other deposits 280,758 273,948 248,59b Total deposits 6,497,363 6,471,277 ^,977*537 Deferred availability items . . . . .. 691,750 494,186 549,980 Capital paid in . . . . .. 130,707 130,699 146,957 Surplus (Section 7) . . . 145,501 145,501 144,893 Surplus (Section 1 3 b ) ., 26,513 26,513 14,924 Reserve for contingencies 34,102 34.107 30,807 All other liabilities . . . . . . . .. 7,489 7,360 TOTAL LIABILITIES 11,295,187 11,090,682 5,052,832 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 78.2$ 78.2$ 72.7$ Contingent liability on bills purchased for foreign correspondents 40 Commitments to maize industrial advances 25,670 25,564 16,687 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF 5KB FEDERAL RESERVE BAMS ON APRIL 15, 1936 (in thousands of dollars) B-SOlb A S S E TS Total Boston Hew York Phi la, Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Dallas San Fran, Gold certificates on hand and due from U.S. Treasury 7.664,835 570,^61+ 3,009,473 1+09,168 606,985 257,280 206,911 1/402,JOS 210,215 lUs,862 205,150 142,900 495,114 Redemption fund - F.R. notes 13,736 2,1+99 1,017 4o6 765 826 2,173 538 1,0?4 359 1,1^3 525 2,391 Other cash 3*H>7W 35,208 96,321 ^2,439 33,272 12.093 10,304 *+6,273 1^,940 7*392 19»25g ^,772 12,206 Total reserves 8,020,315 608„171 3,106,876 1+52,013 641,628 276,199 219,328 1,^,119 226,2^9 156,613 225,551 1^2,197 510,311 Bills discounted; Secured by U.S»Govt. obligations, direct and/or fully guaranteed 3.713 1*173 1,570 ^ 27 1J1 §0 - 2 60 90 32 85 Other bills discounted 2,1+80 37 1,915 l6 16 2 6 20 13 70 H2 255 12 Total bills discounted 6,193 1,215 3,^25 461+ 43 179 56 20 1$ 130 202 2S7 97 Bills bought in or>en market U.SgO 3U9 1,755 ^72 UUO 190 163 580 $J 6l 133 133 327 Industrial advances 30,313 2,905 7,681 5,309 1,575 3,217 2,1^9 512 l,*+62 1,222 1,740 1,095 TX*S Government s6cui*i1/i6s* *Bonds ' 265,637 17,956 68,473 20,755 23,973 12,831+ 11,019 28,1+15 13,^2 1M92 13,013 19,3^7 21,91s Treasury notes 1,55^,295 103,293 1+22,760 Il6,7l4 144,293 77,21+1+ 66,320 171,0^ m70k ^5,557 77,206 56,25^131,921 f Treasury bills 609,667 35,222 172,150 39,651 49,759 26,638 22,270 IWl,12Q 15,531 26,625 19,399 ^5,^2 Total U.S.govt, securities 2,1+30,21+9 157.677 729,323 177,120 218,025 116,716 100,209 183,200 75,520 116,244 95,000 199,331 Other securities 121 — — — —. «— —• — 121 — — Total bills and securities 2,471,626 162,146 71+2,304 123,365 220,0S3 120,902 101,268 323,913 123,ii1* 77,239 112,522 97,l60 200,850 Due from foreign banks 633 50 24l 63 60 22 23 k 3 19 19 ^5 F.R.notes of other banks 22,125 369 6,431 903 1,210 1,61+0 1,652 . 2,588 l $l$ 1,032 1,638 1+22 1,715 9 Uncollected items 696,196 70,793 201,310 51,299 65,753 56,0^6 23,253 96,ISO 25,9*3 15,721 3^,70*+ 2*+, 7^9 29,245 Bank premises 1+8,006 3,113 10,81+3 5,0^1+ 6,525 2,919 2,284 8,^2 1,531 3,360 1,525 3,520 All other assets 36,286 233 26,260 3,583 1,504 1,025 1,351 3^3 1$S 42l+ 30^ 752 223 TOTAL ASSETS 11,295,127 8I+M75 ^,094,265 696,870 937,363 ^52,759 3^,219 1,^77.071 32 5 2 , 5 69 32H.158 272,830 71+6,629 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1TD LIABILITIES OF THE FEDERAL RESERVE BAIIKS Oil APRIL 15, 1936 (in thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston Hew York Phila. Clevc. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3,761,762 3^1,901 795,^16 280,526 361,006 174,63s 160,867 867,517 162,290 113,264 144,445 74,525 285,367 Deposits: Ilcnibor banic - reserve account 5,333,04S 303,192 2,351,342 292,025 386,887 177,505 114,490 829,533 139*877 31,348 166,936 127,533 357,330 U.S.Treasurer - General account 829,731 92,064 334,111 35,265 85,863 31»770 30,301 27,6% 2S,0Ho 23,271 26,015 29,51s 30,25s Foreign bank. 53,826 3,983 19,6% 5,005 4,952 2,36s 1.SS4 6,243 l»6i4 1,292 1,561 1,561 3,714 Other deposits 280,758 5,435 223,034 2,445 2,080 ?,957 6,178 5,086 s, 1.101 lS2U 16,699 t Total deposits 6,1497,363 4q9,674 2,978,136 33^,740 479,722 215,600 152,853 868,511 178,062 115,305 195,613 l6o,4s6 4os,6oi Deferred availability items 691,750' 69,464 198-,725 4G,235 65,111 53,895 22,231 97,325 30,108 15,157 34,319 27,545 29,635 Capital paid in 130,707 9*394 50,916 12,323 12,557 >+,586 4,229 12,015 3,766 3*023 3,951 3,795 10,152 Surplus (Section 7) 145,501 9,902 50,325 13,4o6 l4,37i 5,is6 5,616 21,350 4,655 3,149 3,613 3,783 9,645 Surplus (Section 13 b) 26,513 2,874 7,744 4,231 1,007 3,443 754 1,391 546 1,003 l,l42 1,252 1,121 Reserve for contingencies 34,102 1,413 S,3% 3,000 3,111 1,263 2,509 7,573 893 1,470 844 1,328 1,849 All other liabilities 7.489 253 3,654 409 4lS l4l 160 1,389 259 198 231 ll6 259 TOTAL LIABILITIES 11,295,187 844,875 4,094,265 696,870 937,363 458,759 349,219 1,877,071 380,579 252,569 384,158 272,830 7^6,629 Ratio of total reserves to deposit and F.R. note liabilities combined 78-.2 80.9 S2.3 73.5 76.3 70.8 69.9 83.5 66.5 68.5 66.3 63.1 73.5 Commitments to ma'-e industrial advances 25,670 2,959 10,051 384 1,657 2,385 379 SO 1,966 103 590 584 4,532 MATURITY 'DISTRIBUTION OF BILLS A1TD SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discounted 6,193 4,530 12S 920 538 30 Bills bought 4,690 3,062 36S 777 HS3 Industrial advances 30,313 1,580 343 372 537 2,140 25,341 U. S. Government securities 2,430,249 21,010 25,306 44,080 119,037 375,1^8 1,345,l6S Other securities 181 1S1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE HOTE STATEHEITT ON APRIL 15, 1936 (in thousands of dollars) B-SOld Total 3oston ITgvt Yorl: Phila. Clcvc. Rich. Atlanta Chicago St.Louis 11 inn» IZans.Cy. Dallas San Fran, federal Heserve notes: Issued to F.R.banlr by F.R.Agent 4,041,109 362,036 897>828 294,420 376,561 184,530 180,792 900,085 169*107 117,216 153,578 81,433 323,473 Held "by Federal Reserve bank 279,347 20.185 102,412 13,894 15,555 9,892 19,925 32,568 6,817 3,952 9,133 6,908 35,106 In actual circulation 3,761,762 341,901 795,416 280,526 361,006 174,638 160,867 867,517 162,290 113,264 144,445 74,525 285,367 Collateral held by agent as security for notes issued to "bank: Gold certificates on hand and due from TJ. S. Treasury 4,045,343 376,617 920,706 295,000 378,440 189,000 151,685 915,000 1*6,632 113,000 i44,ooo 83,000 329,263 Eligible paper 4,575 1,202 2,015 448 27 171 50 — 10 126 182 259 85 U. S. Gov't securities 69,000 — — 32,000 — 20,000 5,000 12,000 Total collateral 4,118,918 377,819 922,721 295,448 372,467 189,171 183,735 915,000 169,642 .118,126 156,182 83,259 329,348 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis