H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOE THE PRESS Released for publication Board of Governors Friday morning, April 2k; of the Federal Reserve System not earlier. April 23, 1936 COIJDITIOH OF FEDERAL RESERVE RAMS The daily average volume of Federal Reserve "bank credit outstanding during the week ended April 22, as reported by the Federal Reserve banks, v/as $2,^22,000,000, a decrease of $U000,000 compared with the preceding week and an f increase of $5*000,000 compared with the corresponding week in 1935 • On April 22 total Reserve bank credit amounted to $2,^75,000,000, a decrease of $2,000,000 for the week. This decrease corresponds with decreases of $105,000,000 in Treasury cash and deposits with Federal Reserve banks and $17,000,000 in money in circulation and an increase of $9%000,000 in monetary gold stock, offset in part by increases of $109,000,000 in member bank reserve balances arid $20,000,000 in nonmember deposits and other Federal Reserve accounts. Member bank reserve balances on April 22 were estimated to be approximately $2,6^0,000,000 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 22 1936, were as follo\?s: t Increase or decrease since Apr* 22 Apr. 15 Apr. 2k 1936 1936 1935 (In millions of dollars) Bills discounted 5 -1 •2 Bills boiaght , 5 17. 3. Government securities Industrial advances (not including 26 million commitments ~ April 22) 30 Other Reserve bank credit 5 +21 TOTAL RESERVE BANK CREDIT 2.^75 -2 +23 Monetary gold stock 10,209 Treaeuxy and national - bank currency 2,501 -1 -1+9 Money in circulation 5,S60 -17 Member "bank reserve balances +109 +723 Treasury cash and deposits with F.R.banks 3*269 -105 +291 Ionm@mber deposits and other F.R.ac counts 615 "+20 +69 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ieleased for publication Friday morning, April 24,193^5 not earlier. 3-S01a ASSETS AND LLA3IIITIES OF THE TTffilVE FEDERAL RESERVE BASKS COMBINED (In thousands of dollars) Apr. 22,1936 Apr* Apr! 2l+,19] A S S E TS Gold certificates on hand and due from U# S* Treasury # 7,663,233 7,661+, 835 55,,773300,,226655 Redemption fund - F. R* notes • • 13,7^1 13.736 17,923 Other cash >2,255 2^9,610 Total reserves • 8,019,231+ 2,020,315 5,997,852 Bills discounted: Secured by U.S^Gov't obligations* direct and/or fully guaranteed # # # # • • •• 3,021 3,713 3,539 Other bills discounted . • * • # 2,2^9 2,1+20 3,285 Total bills discounted • # • * * • 5,270 6,193 6,821+ Bills bought in open market • l+,682 i+,690 l+,696 Industrial advances > * • # 30,039 30,313 26,206 U. S. Government securities: Bonds • * 9 • • • • • • • • • • 265,725 265,687 382,906 Treasury notes • 1,554,889 1,554,895 1,1+66,266 Treasury bills 609,667 609.667 581,060 Total U»S« Government securities 2,1+30,31+1 2,1+30,21+9 2,1+30,232 Other securities iai 121 mmmm Total bills and securities • • •• 2,1+70,513 2,1+71,626 2,1+67,952 Dae from foreign bants . . . . .. 633 633 702 22,570 22,125 17,800 Uncollected items • # 56^,730 696,136 1+88,763 Bank premises • . • 1+8,017 48,006 1+9»616 All other assets • . * „ * • • . 36,286 $,921 TOTAL ASSETS . • , . . 11,163,373 11,295,187 9,062,618 L I A B I L I T I ES IU notes in actual circulation 3,7^,576 3,761.762 3.1^5,205 • • • Jeposits: Member banl: - reserve account • . • • • 55,,11++11++11,,661188 55,,333333,,0011++88 ^^,,771199,,330099 U»S.Treasurer - General account . • • • 712,1+21+ 229.731 56,271+ foreign banh . # * . 86,116 53,226 23,967 Other deposits 269.21*+ 220.758 265+, 102 Total deposits . . . . .. 6,509.372 6,1+97,363 5.061+.252 Deferred availability items • • . « » • 560,230 691,750 505.3^9 Capital paid in • 130.697 130,707 11+6,902 Surplus (Section 7) 1^5,501 145.501 ii+i+,S93 Surplus (Section 13 b) , , . # . # 26.513 26,513 ll+,92l+ Reserve for contingencies • . . « « • 31+.l0i+ 3^,102 30,806 All other liabilities • • # 7.TS5 7,1+89 9,681 TOTAL LIABILITIES • • • • • # • 11,163.372 11,295,187 9,062,612 Ratio of total reserves to deposit and F. R. note liabilities combined • • • 78.2$ 777222...222$$$ 7733..11** Contingent liability 011 bills purchased for foreign correspondents # . . — 27 Commitments to make in&ustrial advances 25.607 25,670 16,90s Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AHD LIABILITIES OP THE FEDERAL RESERVE BAEES OH APRIL 22, 1936 (In thousands of dollars) B-SOlb A S S E TS Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Ilinn. ICans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 7,663,23s 535.133 3,002,225 4i4,302 586,417 261,490 198,996 1,436,811 221,745 149,836 207,4^9 141,772 507,662 Redemption fund - F.R. notes 13,741 2,466 1,802 3^7 693 577 2,107 424 l,06l 295 1,120 502 2,347 Other cash 342,255 33,663 99,435 42,672 32,622 18,657 10,797 46,056 14,853 5,974 18,949 4,186 13,391 Total reserves 8,019,834 571,262 3,103,462 457,321 619,732 280,724 211,900 l,483,291 237,659 157,105 227,51s l46,46o 523,400 Bills discounted: Secured "by U.S.Govt, obligations, direct and/or fully guaranteed 3,021 1,09s 1,368 38O 20 21 — — 2 25 — 32 75 e Other "bills discounted 2,249 23 1,727 9 9 4 4 12 11 D/* O 110 267 7 Total "bills discounted 5,270 1,121 3,095 389 29 25 4 12 13 91 110 299 82 Bills "bought in open market 4,682 348 1,752 472 439 190 163 578 86 61 133 133 327 Industrial advances 30,039 2,905 7,664 5,306 1,574 3,836 833 2,149 516 1,472 954 1,735 1,095 U. S. Government securities: Bonds 265,735 17,956 68,473 20,755 23,973 12,834 11,019 2S,4l{j> 1133,,449922 1144,,559900 13,013 1199,,334477 2211,,991188 Treasury notes 1.55M89 103,893 482,760 116,714 144,293 77,244 66,320 171,029 81,704 45,551 77,206 56,254 131,921 Treasury "bills 609,667 35,228 178,150 39,651 49,759 26,638 22,870 121,720 28,004 15,531 26,625 19,399 45,492 Total U.S.Govt, securities 2,430,341 157,677 729,383 177,120 218,025 116,716 100,209 321,164 123,200 75,672 116,844 95,000 199,331 Other securities 181 — — — — — — — — — 181 — — Total bills and securities 2,^70,513 162,051 741,894 183,287 220,067 120,767 101,209 323,903 123 .815 77,296 118,222 97,167 200,835 Due from foreign banks 633 50 241 63 60 28 23 78 4 3 19 19 45 F.R.notes of other banks 22,870 361 7,999 762 1,625 i,s4s 1,225 2,697 l,64i 504 1,474 309 1,225 Uncollected items 564,780 63,330 136,597 41,554 52,505 46,619 19,727 81,519 24,S4i 15,246 30,401 22,926 29,455 Bank premises 48,017 3,113 10,849 5,049 6,525 2,919 2,284 4,830 2,452 1,531 3,360 1,525 3,520 All other assets 36,731 232 26,73s 3,625 1,482 1,016 1,341 384 205 408 298 752 250 TOTAL ASSETS 11,163,378 800,399 4,027,720 691,661 901,996 453,921 332,369 1,896,702 390,617 252,093 321,292 269,15s 759,390 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS .AND LIABILITIES OP THE FEDERAL RESERVE BANSS OK iPEIL 22, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran, F.R.notes in actual circulation 3, 71+8,576 31^3,31+4 7SH.63S 278,586 361,782 172,682 160,161+ 867,070 161,l«7 H3»517 1^,39* 75/457 285,753 Deposits: Member ban]: - reserve account 5» i+iu,6i8 301,396 2,^+20,397 299,895 390,637 181, 5*4-9 108,596 851,228 152.59^ 78,049 162,1+32 122,599 372,2i+6 U.S.Treasurer - General account 712,1+21+ 55,723 325,:SUo 29,833 55,851 31,618 30,53^ 37,999 29,28*+ 29,603 28,212 30,062 27,815 Foreign "bank 86,116 6,370 31^52 8,005 7,919 3,787 3,013 9,985 2,582 2,066 2,1+96 2,1+96 5,939 Other deposits 269,21*+ 5,201 215,1+71+ 2,l+ll+ 1,765 l+,038 U,658 8,2*+3 fc,502 1,1+20 2,13s 1^,670 Total deposits 6, 509,372 368,690 2,993-,l69 31+0,197 1+56,172 220,992 ii+6,S0i 903,903 192,703 11^,220 19^,560 157*295 1+20,670 Deferred availability items 560,830 61+,1+90 127,987 39,^30 52,1+97 1+5,606 18,130 82,081+ 26,1+81 15,^97 32,575 26,132 29,321 Capital paid in 130,697 9,397 50^905 12,323 12,5*8 4,586 1+.229 12,020 3,766 3,023 3,953 3,795 10,152 Surplus (Section 7) ll+5,50l 9,902 50*825 13,^06 1^,371 5,186 5,616 21,BO 4,655 3,1^9 3,613 3,783 9,61+5 Surplus (Section 13b) 26,513 2,87!+ 7,7-tt ^,231 1,007 3,1+1+S 75k 1,391 mS 1,003 1,11+2 1,252 1,121 Reserve for contingencies 3i+,ioi+ 1.^13 &.81+9 3,000 3,111 1,263 2,511 7,573 893 1,1+70 814+ 1,328 1,81+9 All other liabilities 7,785 289 3,665 1+8S 5O8 158 161+ 1.311 386 211+ 207 116 279' TOTAL LIABILITIES 11,163,378 800,399 ^027,780 691,661 901,996 !+53,92i 338,369 1,896,702 390,617 252,093 381,292 269,158 759,390 Ratio of total reserves to deposit and F.R.note liabilities combined 78.2 80.2 82.1 73.9 75.8 71.3 69.O S3.8 67.2 67.1 62.9 7^.1 Commitments to make industrial advances 25,607 2,927 10*065 361 1,71s 2,326 378 SO 1,951+ 10*+ 590 582 1+,512 MATURITY DISTRIBUTION OP BILLS A2ID SSCU3IfX2S 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 5,270 3,639 38 695 276 591 31 Bills bought l+,682 775 380 529 2,998 Industrial advances 30,039 1,676 251 5+1+0 51 2,070 25,021 U. JSu Government securities 2,1+30,3^1 21,710 27,106 87,663 7M 388,553 1,830,821 Other securities 181 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE ITOTE STATEtoTO GS JPBZL ^ 1935 (In thousands of dollars) B-801d Total Boston New York Phi la. CI eve. Rich. Atlanta Ojdcagft St.I«ouis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.banlt by F.R.Agent 4,031,692 360,163 893,707 293,229 376,332 132,504 173,132 1^9,831 117,288 153,^9 81,756 32^,41+1+ Held by Federal Reserve bank 283,116 16,819 109,071 14,643 14,550 9,822 ly.Ogfr 3>771 9.051 6,299 38,691 In actual circulation 3^8,576 343,344 784,636 278,586 361,782 172,682 160,164 867,0?G 161,187 113,517 144,398 75,^57 285,753 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 4,045,343 376,617 910,706 295,000 378,440 189,000 €85 915»000 159,632 113,000 144,000 83,000 329,263 Eligible paper 3,gU6 l,ll4 1,772 300 20 21 — — 10 89 32 273 75 U. S. Gov't securities 60,000 — MJ3QQ _ . ., 21,000 , 5.000 12,000 n Total collateral 4,109,189 377,731 912,47s 295,380 378,460 189,021 ip . % <m 170,642 118,089 156,092 83,273 329,338 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis