H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, J>Iay 1; of the Federal Reserve System not earlier. April 30, 193& C0EDITI01T OF FEDERAL RESERVE BANKS The-daily avaf&ge Volume of Federal Reserve bank credit outstanding during the week ended April 29, as roported by the Federal Reserve "banks, was $2,^73,000,000, a decrease of $9,000,000 compared with the preceding week and an increase of $5,000,000 compared with the corresponding week in 1935* On April 29 total Reserve bank credit amounted to $2,^72,000,000, a decrease 3f $3,OX,000 for the week. This decrease corresponds with a decrease of ?6l,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $12,000,000 in monetary gold stock, offset in part by increases of $6^,000,000 .In member ban!" reserve balances and $6,000,000 in nonmember deposits and other Federal Reserve accounts. Member bank reserve balances on April 29 v/ere estimated to be approximately $2,690,000,000 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 29, 1936, were as follows: Increase or decrease since Apr. 29 Apr. 22 May 1 1936 _12lL- J-m (In millions of dollars) Bills discounted 5 -i Bills bought . 5 — U. S. Government securities 2,^30 «_ Industrial advances. (not including 2o million conEai talents - Apri 1 29) 30 s*mm Other Reeerve bank credit t -3 +7 total s r a m bahs mmif 2,^72 -3 45 Monetary gold stock 10,221 +12 +1,500 Treasury and nati-aaal bank currency 2,501 _ — J+2 Money ciraii<».ti<ai §**H & +370 IHiSf +m Treasury cash and deposits witii f ■4% +230 Komaen&er deposits and o^tme ?.R,®c©e«fsate 521 +6 +S2 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released, for publication Friday morning, May 1,1936; not earlier. B-SOla ASSETS AHD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAKES COMBINED (In thousands of dollars) Apr, 29,1936 Apr, 22,1936 May 1,. 1935 A S S E T S Gold certificates on hand, and due from U. S. Treasury 7,703,833 7,663,8^8 5.750,844 Redemption fund - F. R, notes . , 12,9^2 13,741. 20,522 Other cash . . . . . . . . . . . . jm&k 3^55. 244,515 Total reserves...... . , 8,056,426 8,019,834 6,015,SSI Bills discounted: Secured by U.S.Gov’t obligations,direct and/or fully guaranteed 2,85s 3,021 3,074 Other "bills discounted . . . . . . . . . ... 2, ^ 2,249 .„..-LJ04 Total bills discounted 5,323 5.270 6,378 Bills bought in open market........ 4,634 4,682 4,696 Industrial advances ............... 30,319 30,039 26,444 U. S. Government securities: Bonds ......................... 265,723 265,785 321.839 Treasury notes . ......... 1,554,889 1,554,889 1,530,779 Treasury bills .................. . 603*661 609.667 .311x331 Total U.S. Government securities . 2,430,279 2,430,341 2,430,475 Other securities .................. 181 181 Total bills and securities .... 2,470,736 2,470,513 2,467,993 Due from foreign banks . . 631 633 702 F, R. notes of other banks 19,664 22,870 18,982 Uncollected items .... 522,097 564,780 5|*1,7U3 Bank premises......... 48,031 48,017 49,6l6 All other assets . . . . 36,731 40,274 .38*021 TOTAL ASSETS........ 11,155,72s 11,163,378 9,135,191 L I A B I L I T I E S F. R. notes in actual circulation 3,741,690 3,743,576 3,161,879 Deposits: Member bank - reserve account . 5,506,314 5,441,618 4,721,320 0,S.Treasurer - General account 679,209 712,424 76.209 Foreign bank...... «... 23.356 s6,n6 15,378 Othser deposits _2IS*i4L 269,214 Total 6,547,026 6,509,372 5.073,584 Deferred availability itasas 521,22s 560,830 547,076 Capi tal paid i n ........ 130,657 130,697 146,666 Surplus (Section 7) . . . . 145,501 145,501 l44, S93 Surplus (Section lj b) . . . 26,513 19.209 So sorvo tryr casutiaagmcies . 34,io4 3q.sq£ All other liabilities . . , TOTAL LIABILITIES 11,155,72s 11,163,37s 9.135,191 Ratio of total reserves to deposit and F. R. note liabilities combined .... 78.3# 78.2^ 73 .of. Con t-ingent liability on bills purchased for foreign correspondents ........ — — 20 Commitments to make industrial advances 25,576 25,607 17,051 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1JD LIABILITIES OP THE FEDERAL RESERVE BAMS ON APRIL 29, 1936 (In thousands of dollars) B-SOlb A S S E T S Total Boston New 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 7.703,833 504,920 3,044,144 411,315 587,188 252,058 205,61+5 1,1+83,850 223,951 149,812 207,099 l4l,891 1+86,900 Redemption fund - F. R. notes 12,91+2 2,1+29 1,607 3I+7 61+1+ 191 2,070 376 1,048 290 1,111 U9I+ 2,335 Other cash 339,651 32,684 99,753 4l,627 31,920 19,253 10,552 45,230 15,022 6,9*10 19^067 5,007 12,596 Total reserves 8,056,1+26 51+0,093 3,1^5,501+ 1+53.289 619,752 271,502 218,267 1,53^,456 21+0,021 157,d+2 227,277 147,392 501,231 Bills discomvted: Secured by U.S.Govt, obligations, direct and/or fully guaranteed 2,858 I+90 1,693 320 20 21 100 2 ^5 50 32 85 Other "bills discounted 2,1+65 36 1,7^3 — — — - 50 10 58 105 283 ISO Total bills discounted 5,323 526 3,436 320 20 21 --- 150 12 103 155 315 265 Bills bought in open market i+,6si+ 31+8 1,754 471 439 190 163 578 87 61 133 133 327 Industrial advances 30,319 2,903 7,656 5,324 1,826 3,872 830 2,14s 521 1,462 951 1,733 1,093 U, S. Government securities: Bonds 265,723 17,956 68,473 20,755 23,973 12,834 11,019 28,415 13,492 1^,52S 13,013 19,347 21,918 Treasury notes 1,551+, SS9 103,293 422,760 116,714 144,293 77,244 66,320 171,029 21,704 45,551 77,206 56,-254 131*921 Treasury bills 609,667 35^228 172,150 39,651 49,759 26,63s 22,270 121,720 23,004 15,531 26.6£5 19,399 45,492 Total U.S.Govt, securities 2,1+30,279 157,677 729,323 177,120 218,025 116,716 100,209 321,164 123,200 75,610 116,844 95,000 199,331 Other securities 181 — -- — — — — — — — 121 — --- Total bills and securities 2,1+70,786 161,1+51+ 742,229 183,235 220,310 120,799 101,202 324,o4o 123,820 77,236 118,264 97,121 201,016 Dae from foreign banks 631 50 239 63 60 28 23 7S 4 3 19 19 45 F.R.notes of other banks 19,661+ 376 6,515 714 805 1,213 1,257 3,007 1,306 877 1,096 505 1,993 Uncollected items 522,097 58,1+20 126,036 37,340 51,469 40,869 20,66,5 74,629 22,555 13,6o4 30,492 19,226 26,726 Bank premises 1+8,031 3,113 10,849 5,063 ^>525 2,919 2,284 4,230 2,%2 1,531 3,360 1,525 3,520 All other assets 32,093 235 27,487 4,156 1,448 1,019 1,325 376 203 429 346 774 295 TOTAL ASSETS 11,155,728 763,71+1 1+,05s,859 683,860 900,369 1+38,31+9 345,023 1*91+1,1+16 390,361 250,722 380,860 266,622 735,546 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1TD LIABILITIES OF THE FEDERAL RESERVE BAMS Oil APRIL 29, 193$ (In thousands of dollars) B-SOlc L I A B I L I T I E S Total Boston ITew York Phila. Cleve, Rich* Atlanta Chicago St.Louis Him. Xa&s.Cy. Dallas San Fran, F.R.notes in actual circulation 3,741,690 341,554 7^1,936 273,447 364,427 170,505 159,700 S67,5&> 160,966 113, 144,607 74,134 2SU.0S5 Deposits: Lleraber bani: - reserve account 5,506,314 229,371 2,464,216 229,015 404,332 170,277 113,591 902,593 1^,160 72, 162,527 127,429 353,293 U.S.Treasurer - General account 679,209 40,204 309,973 37,062 39,319 33,554 30,220 32,627 3^,036 30,625 22,737 26,986 Foreign banlc 23,356 6,170 30^13 7,754 7,671 3,669 2,912 9,672 2,501 2,cm a,4i6 2,4l8 5,753 0tiler deposits 273,147 5,084 225,522 1,922 1,526 4,310 5,057 ^,070 8,920 'v 1,331 2,072 13,692 Total deposits 6,,5^7.026 ;340,229 «* O l^i O * 1"— O 335,219 452,264 212,410 :151,246 954*962 194,677 114,8% :197,019 160,706 4oo,324 Deferred availability items 521,222 57,432 123,740 35,642 51,495 40,377 20,196 75,272 24,493 13, %7 29,433 21,323 28,057 Capital paid in 130,657 9,397 50,907 12,322 12,542 4,580 4,229 12,020 1,764 2,9# 3,954 3,795 10,152 Surplus (Section 7) 1^5,501 9,902 50,225 13,406 14,371 5,126 5,616 21,350 4,655 3,613 3,723 9,645 Surplus (Section 13 b) 2^,513 2,874 7,744 4,231 1,007 3,442 754 1,391 54-6 1,003 1,142 1,252 1,121 Reserve for contingencies 34,108 1,413 2,249 3,000 3,111 1,267 2,511 7,573 293 1,470 844 1,322 1,249 All other liabilities 9,005 3^40 i+,078 993 546 176 171 1,302 362 235 248 241 313 TOTAL LIABILXTIES 11.,155,722 763,741 4,052,259 623,260 900,369 432,349 .345,023 i,94i,4l6 390,361 250,722 ;320,260 266,622 735,546 Ratio of total reserves to deposit and F.R.note liabilities combined 72.3 79.1 82.5 73.2 75.2 70.2 70.1 84,2 67.5 62.S 66.5 62.2 73.3 Commitments to make industrial advances 25,576 2,927 10,240 340 1,465 2,407 375 20 1,945 1C& 590 522 4,521 MATURITY DISTRIBUTION OF BILLS AHD SECURITIES Total Within 15 days 16 to 30 31 to 60 days 6l to 90 days $ § days to Over 6 month months Bills discounted 5.323 3,670 28 756 723 116 30 Bills bought 4,624 394 671 220 3,539 Industrial advances , 30,319 1,716 267 424 §S4 a, 159 25.1& U. S. Government securities 2,430,279 25,206 24,000 9^,376 7i,oss ,451 1.819,56 Other securities 121 - 121 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT 01! APRIL 29, (In thousands of dollars) B.S01d Total Boston Hew Yorlt Phlla. Cl eve. Rich. Atlanta Chicago St,Louis Minis. Zans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F.R.Agent 4,012,215 359.921 27M1+5 292,672 377,273 150,900 179,^9 902,307 lSS,7g3 117,3*52,9^2 22,213 323,6^9 Held by Federal Reserve bank 270,525 12,367 92,059 1^,225 13,^6 9,995 19,769 3^.7^7 7,217 3,3^1 2,079 39,564 In actual circulation 3,7^1,690 3^1,55U 781,926 272,^7 3$M27 170,905 159,700 267,5^0 160,966 113,339 **$*607 7^,13^ 22^,025 Collateral held "by agent as se­ curity for notes issued to baalc: Gold certificates on hand and due from U. S. Treasury U,029,903 376,617 890,706 295,000 381,000 189,000 151,685 915,0°° 113,W 1^,000 S3,000 329,263 Eligible paper 3,928 526 2,127 320 20 21 10C jf Jff 1^1 293 265 U. S. Gov«t securities 57,000 __— — _____ 32,000 — — ,QQQ Total collateral b, 090,831 377,1^3 292,833 295,320 321,020 189,021 183,685 915,100 l l , i | 30$, 1*1 23,293 329,522 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis