H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATELIEBT FOE THE PBESS Released for publication Board of Governors Friday morning, May 15; of the Federal Reserve System not earlier. Hay 1936 00HDITI0N OF FEDERAL RESERVE BAJKS The daily average volume of Federal Reserve bank credit outstanding during the week ended May 13 as reported by the Federal Reserve banks was $2^75*0°°>000t t a decrease of $2,000,000 compared with the preceding week and of $10,000,000 compared with the corresponding week in 1935* On May 13 total Reserve barik credit amounted to $2,^69,000,000, a decrease of $9,000,000 for the week. This decrease corresponds with decreases of $2^,000,000 in money in circulation and $1^,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of 000,000 in monetary gold stock, offset in part by increases of $79#000,000 in member bank reserve balances and $^,000,000 in nonmember deposits and other Federal Reserve accounts* Member bank reserve balances on May 13 were estimated to be approximately $2,770,000,000 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 Hay 13, 1936, were as follows: Increase or decrease since Ml^avy J1L3 J MWacyty 6U Hay 1X5' 121L j aa (In millions of dollars) Bills disco-anted •2 Bills "bought U. S. Government securities Industrial advances (not including 26 million commitments - May 13) +3 Other Be serve "bank credit -5 TOTAL HSSERtfE BAM CREDIT J+ Monetary gold stock +1,565 Treasury and national bank currency -32 Honey in circulation 5«SSS -2^ +39^ Member bank reserve "balances 5.611 +79 +7S9 Treasury cash and deposits with F.R. banks 3,l6l -Ik +260 Nonmember deposits and other F.R.accounts 60S +82 •Less than $300,000 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, May 15,1936; not earlier. B-SOla ASSETS A1TD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAHKS COLSIITED (In thousands of dollars) May 6, 1936 May 15, A S S E TS Gold certificates on hand and due from U. S. Treasury 7J29,S31+ 7,703,337 5,791,239 Redemption fund - F. R* notes • , 12/451 13,377 20,063 Other cash . . . . .. 52*1,928 322tOS7 2351981 Total reserves S067213 8,038,201 6,0^7,883 f t 3111 s scoured: Secured by U.S.Gov'tg obligations,direct and/or fully guaranteed 2,292 2,097 3,531 Other "bills discounted 2,489 2,487 3,124 Total "bills discounted 4,761 4,584 6,655 Bills boiaght in open market • 4,677 4,676 4,705 30,170 26,546 Industrial advances * * . • . 29,9S3 U. S Government securities: # Bonds • . . . « 265,693 265,70s 333,542 Treasury notes . . . , 1,5^7,^1+9 1,5^61 1,5^1,653 616,717. 615,167 Treasury bills 555,160 Total U, S, Governaiant securities 2,430,259 2,430,336 2,430,355 Other securities , * « * • • « » • » ., 161 1S1 2,!+69,S6I 2,469,947 Total bills and securities 2,468,261 2U0 694 Dae from foreign banks • . • • • 64o R. notes of other banks • • » 22,936 19.S13 16,506 Uncollected items 595,iss 519,305 582,111 Us,050 Bank premises , 4s,o4s 49,690 411 other assets « 33,764 32,495 44,077 TOTAL ASSETS 11,2^3.^52 11,135,049 9,209,222 L I A B I L I T I ES f. R, notes in actual circulation # 3,762,02s 3.77S,sso 3,154,374 Deposits: Member bank - reserve account « # 5,611,072 5.531,99S 4,822,322 V*SmTreasurer - General account # 577,925 621,759 34,693 Foreign bank • 84,226 81,851 IS,733 Other deposits 266,517 263,437 248,418 Total deposits • * « 6,539,300 6,499,045 5,124,166 Deferred availability items 595,S78 511,668 577,946 Capital paid in 130,721 130,652 l46,66o Surplus (Section j) . . . « 145,501 145,501 I44,S93 Surplus (Section 13 b) • • - 26,513 26,513 19,939 Reserve for contingencies « 34,ll4 34,110 30,810 All other liabilities • • « 2,657 S.6S0 10,434 TOTAL LIABILITIES 11,2^3,252 11,135,049 9,209,222 Ratio of total reserves to deposit and F. R. note liabilities combined . 7S.3$ 7S.2f e 73 Contingent liability on bills purchased for foreign correspondents . . . . .. — 16 — Commitments to make industrial advances 26,014 25,842 is,515 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AMD LIABILITIES OP THE FEDERAL RESERVE BAMS ON MY 13, 1936 (In thousands of dollars) B-SOIb A S S E TS Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas Satt Fran. Gold certificates on hand and due 503,070 260,068 216,957 516,905 from U.S. Treasury 7,729,83^ 3,051,9^9 389,9^2 551,729 199,^75 1,510,183 165,76!+ 224,249 139,5l6 2,365 Redemption fund - F. R. notes 12,451 1,287 244 516 691 1,954 279 1,008 27S 1,074 473 2,282 Other cash 32*1,928 30,3^ 97,338 41,588 2$,33b 18,733 9,861 '41,650 l4,237 7,175 17,222 5,116 12,226 Total reserves 8,067,213 535,783 3,150,624 431,774 581,629 279,1+9 2 211,290 1,552,112 232,202 173,217 242,545 145,132 531,^13 Bills discounted: direct and/or fully guaranteed 2,292 29s 1,296 346 60 46 — —— 2 50 9 47 133 Other bills discounted 2,489 64 1,642 — — — 50 — 96 121 336 ISO Total "bills discounted 4,781 362 2,938 346 60 46 — 50 2 l46 130 383 318 Bills bought in open market 4,677 350 1,735 4-73 44i 191 164 581 87 61 133 133 32s Industrial advances 29,963 2,845 7,513 5,249 1,809 3,830 811 2,11s 520 1,464 941 1,723 i,i4o U. S. Government securities: Bonds 265,693 17,956 68,473 20,755 23,973 12,834 11,019 28,415 13,^92 14,498 13,013 19,347 21,91s Treasury notes 1,5^7,849 103,395 480,834 116,163 143,602 76,874 66,002 170,209 81,316 45,345 76,836 55,984 131,289 Treasury "bills 616,717 36,326 180,076 40,202 50,450 27,008 23,188 122,540 28,392 15,7^7 26,995 19,669 46,124 Total U.S.Govt, securities 2,430,259 157,677 729,383 177,120 218,025 116,716 100,209 321,164 123,200 75,590 116,844 95,000 199,331 Other securities 181 — — — — — — — — — 181 — — Total "bills and securities 2,469,861 161,234 741,569 183,188 220,335 120,783 101,184 323,913 123,809 77,261 118,229 97,239 201,117 16 Dae from foreign banks 240 18 97 22 21 10 8 27 4 3 7 7 F.R.notes of other banks 22,936 385 6,852 „ 607 2,657 2,349 1,573 2,591 2,092 835 1,177 4s4 1,334 Uncollected items 595,188 60,912 145,932 44,059 57,507 52,470 19,865 85,234 26,826 15,069 32,373 22,611 32,325 Bank premises 48,050 3,113 10,851 5,080 6,525 2,919 2,284 4,830 2,452 1,531 3,360 1,525 3,530 All other assets 39,764 257 29,081 3,924 1,508 1,037 .1,365 509 270 424 279 820 290 11,243,252 761,702 4,085,006 668,654 870,182 459,060 337,569 1,969,216 337,655 268,340 267,218 770,075 TOTAL ASSETS 397,975 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS HID LIABILITIES OF THE F2DEHA1 2ESEHVE BA1KS OH 1.LIY 13, 1936 (in thousands of dollars) 3-SOlc L I A B I L I T I ES Total Boston ITew York Phila. Cleve. Pdcli. Atlanta Chicago St.Louis Minn. Xans.Cy. Dallas San Fran. F.B.notes in actual circulation 3, 762,02S 3^+1,240 777,255 281,884 372,229 172,558 161,039 871,831 160,9S7 113,97^ 1^2,039 75,^04 290,9SS Deposits: Member bank - reserve account 5, 611,072 292,4o4 2,561,117 271,462 369,686 186,301 109,733 913,976 144,503 93,37^ 176,526 123,729 368,261 U.S.Treasurer - General account 577,925 31,17^ 228,066 29,642 29,234 30,591 29,825 42,069 3^,271 30,3is 32,274 29,14s 31,373 Foreign bank 24,226 6,239 30,589 7,s4I 7,757 3,710 2,951 9,780 2,^29 2,024 2,443 2,445 5,818 Other deposits 256,517 6,005 221,829 1,921 1,783 1,858 1,881 3,091 7,437 4,4ll 2,090 1,803 12 s 408 Total deposits 6,539,800 335,822 3,041,701 310,866 408,460 222,460 144,390 968,916 188,740 130,127 213,333 157,125 417,860 Deferred availability items 595,878 60,786 143,230 42,132 57,831 49,281 18,847 84,794 27,6S2 15,397 32,874 24,874 32,150 Capital paid in 130,721 9,372 50,901 12,322 12,561 4,655 ^,229 12,023 2,988 3,951 3,796 10,160 Surplus (Section 7) 1%,501 9,902 50,825 13,4O6 lV,37l 5,1S6 5,616 21,350 3,1^9 3,613 3,723 9,645 Surplus (Section 13 b) 26,513 2,874 7,7W 4,231 1,007 3,44s 754 1,391 546 1,003 1,142 1,252 1,121 Reserve for contingencies 3U,ll4 1,413 8,849 3,000 3,111 1,268 2,516 7,573 893 1,^70 844 1,328 1,849 All other liabilities 8,697 293 3,901 §11 612 204 17s 1,333 m 232 179 256 302 TOTAL LIABILITIES 11,243,252 761,702 4,085,006 668,654 870,182 459,060 337,569 1,969,216 327,655 268,340 397,975 267,818 770,075 Ratio of total reserves to deposit and F.H.note liabilities combined 72.3 79.1 82.5 72. 2 7^.5 70.S 69.2 84.3 66.4 71.0 68.3 62.4 75.0 Commitments to make industrial advances 26,014 2,917 10,330 326 1,522 2,392 37^ 79 1,929 9^ 590 582 4,873 liATUHITY DISTRIBUTION OF BILLS HID SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to oO days 6l to 90 days Over 6 months 6 months Bills discounted 4,721 3,044 615 782 86 247 7 Bills bought M77 574 315 506 3,282 — Industrial advances 29.963 1,652 255 521 760 1,945 24,830 U. S. Government securities 2,430,259 24,000 20,080 115,S47 135,762 305,326 1,829,184 Other securities 181 —— —— — — —— 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE BOTE STATEMENT OH MAY 13, 1936 (In thousands of dollars) B-SOld Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Eans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F.R.agent 4,0^2,I7H 358,1lU 877,688 295,8^9 38^,383 182,779 121,225 908,137 168,786 118,129 15^86 83,01+7 329,551 Held by Federal Reserve bank 280,lH6 lS,87^ 99,833 13,965 12.15U 10,221 20,186 36,306 7,799 M55 12,^7 7,6^3 38,563 In actual circulation 3.762,028 3^1,2^0 777,855 281,8sU 372,229 172,558 l6i,039 871,831 l6o,987 113,97^ 1^2,039 75,^oU 290,988 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury M56,1^0 376,617 890,706 296,000 387,500 189,000 151,685 915,000 156,632 120,000 156,000 S!+,000 333,000 Eligible paper 3,^3 362 1,721 3^6 60 — — 2 128 119 381 318 U. S. Gov't securities H6,000 —- -- -- — 32,000 — 1^,000 -- — Total collateral k,105,623 376,979 892,^27 296,31+6 387,560 189,ohS 183,685 915,000 170,631+ 120,128 156,119 SU,3S1 333,318 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis