H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, June 5; of the Federal Reserve System not earlier. June 5, 1936 CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended June 3, as reported by the Federal Reserve banks, was $2,4-76,000,000, an increase of $2,000,000 compared with the preceding week and with the corresponding week in 1935. On June 3 total Reserve bank credit amounted to $2,489,000,000, an increase of §23,000,000 for the week. This increase corresponds with increases of #51,000,000 in money in circulation and $59,000,000 in nonmember deposits and other Federal Reserve accounts offset in part by an increase of $21,000,000 in monetary gold stock and decreases of $3^,000,000 in member bank reserve balances and $32,000,000 in Treasury cash and deposits with Federal Reserve banks* Member bank reserve balances on June 3 were estimated to be approximately $2,840,000,000 in excess of legal requirements. Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $10,000,000 in holdings of United States Treasury bills was offset by a decrease of $10,000,000 in holdings of United States Treasury notes* Changesin the amount of Reserve bank credit outstanding and in related items during the week and the year ended June 3, 1936 were as follows 8 Increase or decrease since June 3 May 27 June 5 1936 1936 1935 (In millions of dollars) Bills discounted 6 -»- 1 - 2 Bills bought 3 - 1 - 2 U. S. Government securities 2,-430 Industrial advances {not including 25 million commitnenbs - June 3) 30 + 3 Other Reserve, bank credit 20 + 24 + 15 TOTAL RESERVE BAIJK CREDIT 2,489 + 23 + 14 Morelry gold stock 10,409 + 21 +1,493 Treasury and national bank currency 2,493 - 1 - 28 Money in circulation 5,953 + 51 + 439 Member bank reserve balances 5,713 - 34 + 799 Treasury cash and deposits with F.R.banks 3,084 - 32 + 54 Nonmember deposits and other F.R.accounts 641 + 59 + 188 (B-801) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 5, 1936j not earlier. B-801a ASSETS AHD LIABILITIES OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (in thousands of dollars) June 3, 1936 May 27,1936 June 5,1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 7,840,037 7,824,035 5,909,299 Redemption fund - F. R. notes . . 13,261 13,062 22,248 Other cash 290,695 310,451 222,982 Total reserves 8,1-43,993 8,147,548 6,154,529 Bills discounted: Secured by U.S.Gov!t obligations,direct and/or fully guaranteed 3,611 2,646 4,690 Other bills discounted • , 2,240 2,182 3,393 Total kills discounted 5,851 4,828 8,083 Bills bought in open market 3,076 4,299 4,700 Industrial advances 30,166 30,462 27,022 U# S. Government securitiest Bonds . . • . . . . . 265,680 265,699 316,852 Treasury notes 1,536,227 1,545,908 1,552,980 Treasury bills 628,337 618,648 560,374 Total U.S.Government securities 2,430,244 2,430,255 2,430,206 Other securities 181 181 — Total bills and securities 2,469,518 2,470,025 2,470,011 • • • Due from foreign banks . . 237 237 700 F. R. notes of other banks 20,243 19,002 15,888 Uncollected items . , . 613,591 518,009 499,881 Bank premises 48,052 48,051 49,711 All other assets • • , . 42,689 41,126 47,620 TOTAL ASSETS 11,338,323 11,243,998 9,238,340 L I A B I L I T I ES F. R. notes in actual circulation • • • • 3,793,959 3,758,973 3,182,049 Deposits i Member bank - reserve account . 5,713,315 5,747,228 4,914,241 Treasurer - General account 504,733 544,183 95,442 Foreign bank . . * . 53,607 54,493 21,996 Other deposits 295.406 271,122 174 ? 468 Total deposits 6,567,061 6,617,026 5,206,147 Deferred availability items 594,315 522,081 496,046 Capital paid in * . • # . . 130,796 130,795 146,628 Surplus (Section 7) . . . « 145,501 145,501 144,893 Surplus (Section 13 b) 26,513 26,513 20,065 Reserve for contingencies . 34,114 34,111 30,781 All other liabilities . . . 4$ ,,064 8,998 11,731 TOTAL LIABILITIES 11,338,323 11,243,998 9,238,340 Ratio of total reserves to deposit and F* R. note liabilities combined . . , 78.6% IS.5% 73.4$ Commitments to make industrial advances 24,878 25,095 19,688 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON JUNE 3, 1936 (in thousands of dollars) B-801b A S S E TS Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 7,840,037 500,925 3,054,070 405,400 574,396 249,566 207,734 1,609,784 228,346 161,298 225,074 138,098 485,346 Redemption fund - F. R. notes 13,261 2,290 1,875 327 904 413 1,873 611 979 261 1,051 453 2,224 Other cash 290,695 26,752 80,042 39,712 27,240 18,778 9,782 36,622 12,655 7,618 15,523 4,692 11,279 Total reserves 8,143,993 529,967 3,135,987 445,439 602,540 2<?8,757 219,389 1,647,017 241,980 169,177 241,648 143,243 498,849 Bills discounteds Secured by U.S.Gov't obligations, direct and/or fully guaranteed 3,611 315 2,018 441133 4400 31 50 252 63 175 74 180 Other bills discounted 2,240 51 1,531 12 29 10 10 87 119 391 — Total bills discounted 5,851 366 3,549 413 52 60 60 262 150 294 465 180 Bills bought in open market 3,076 224 1,094 316 293 120 108 384 87 61 86 86 217 Industrial advances 30,166 2,935 7,365 5,155 1,784 3,752 788 2,130 568 1,431 993 1,671 1,594 U. S. Government securities: Bonds 265,680 17,956 68,473 20,755 23,973 12,834 11,019 28,415 13,492 14,485 13,013 19,347 21,918 Treasury notes 1,536,227 102,575 477,660 115,255 142,462 76,264 65,478 168,859 80,674 44,987 76,226 55,540 130,247 Treasury bills 628,337 37,146 183,250 41,110 51,590 27,618 2.3,712 123,890 29,034 16,103 27,605 20,113 47,166 Total U.S.Gov't securities 2,430.244 157.677 729,383 177,120 218,025 116,716 100,209 321,164 123,200 75,575 116,844 95,000 199,331 Other securities 181 — — — — — — — — — 181 — — Total bills and securities 2,469,518 161,202 741,391 183,004 220,154 120,648 101,165 323,678 124,117 77,217 118,398 97,222 201,322 Due from foreign hanks 237 18 91 23 22 10 8 28 4 3 7 7 16 F.R. notes of other banks 20,243 399 5,514 577 1,436 2,101 943 2,792 1,717 810 1,572 297 2,085 Uncollected items 613,591 60,8l4 145,075 47,906 62,609 54,594 18,190 86,062 32,770 16,871 35,960 22,684 30,056 Bank premises 48,052 3,113 10,851 5,080 6,525 2,919 2,284 4,830 2,453 1,531 3,360 1,526 3,580 All other assets 42,689 299 31,795 3,674 1,602 1,060 1,428 538 278 440 352 853 370 TOTAL ASSETS 11,338,323 755,812 4,070,704 685,703 894,888 450,089 343,407 2,064,945 403,319 266,049 401,297 265,832 736,278 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 3, 1936 (In thousands of dollars) B-eoic L I A B I L I TI Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3,793,959 345,653 788,866 283,933 368,589 170,285 162,047 877,964 162,772 Deposits s Member bank - reserve account 5,713,315 270,245 2,580,355 289,533 387,845 173,964 113,874 1,019,812 150,056 96,037 173,082 122,137 336,375 U.S.Treasiirer - General account 504,733 30,071 183,098 25,351 33,662 31,942 30,716 28,287 32,833 23,477 23,943 28,601 32,752 Foreign bank 53,607 3,961 19,624 4,978 4,924 2,355 1,873 6,208 1,606 1,284 1,549 1,552 3,693 Other deposits 295,406 5,793 225,971 4,056 4,848 3,936 4,100 4,4l4 11,579 4,741 12,093 1,683 12,192 Total deposits 6,567,061 310,070 3,009,048 323,918 431,279 212,197 150,563 1,058,721 196,074 125,539 210,667 153,973 385,012 Deferred availability items 594,315 60,386 130,001 44,333 62,827 52,676 17,477 84,608 34,266 16,370 36,830 23,817 30,724 Capital paid in 130,796 9,373 50,866 12,315 12,624 4,712 4,231 12,024 3,765 2,977 3,951 3,804 10,154 Surplus (Section 7) 145,501 9,902 50,825 13,406 14,371 5,186 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 3,448 754 1,391 546 1,003 1,142 1,2-52 1,121 Reserve for contingencies 34,114 1,413 8,849 3,000 3,111 1,272 2,519 7,573 893 1,463 844 1,328 1,849 All other liabilities 46,064 I6,l4l 24,505 567 1,080 313 200 1,314 348 197 495 501 403 TOTAL LIABILITIES 11,338,323 755,812 4,070,704 685,703 894,888 450,089 343,407 2,064,945 403,319 266,049 401,297 265,832 736,278 Ratio of total reserves to deposit and F.R.note liabilities combined 78.6 80.8 82.6 73.3 75.3 70.3 70.2 85.0 67.4 70.2 68.2 61.9 73.1 Commitnents to make industrial advances 24,878 2,814 10,285 307 1,464 2,368 297 70 1,812 94 449 547 4,363 MATURITY DISTRIBUTION OF BILLS At© SECURITIES 91 days to Over 6 months Total Within 15 days 16 to 30 days 31 to 60 days 61 to 90 days 6 aonths Bills discounted 5,851 4,501 166 761 68 354 1 Bills bought 3,076 50 1,934 482 610 Industrial advances 30,166 1,513 403 593 634 2,036 24,987 U. S. Government securities 2,430,244 44,307 33,514 107,780 54,415 342,726 1,847,502 Other securities 181 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT OK JUNE 3, 1936 (In thousands of dollars) B-801d Total Boston Hew York Phila. Gleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Federal Reserve notes: Issued to F.R.bank by F.R.agent 4,049,745 362,373 880,268 297,412 382,032 180,294 178,993 911,218 169,789 118,463 155,182 83,348 330,373 Held by Federal Reserve bank 255,786 16,720 91,402 13,479 13,443 10,009 16,946 33,254 7,017 3,112 11,427 5,974 33,003 In actual circulation 3,793,959 345,653 788,866 283,933 368,589 170,285 162,047 877,964 162,772 115,351 143,755 77,374 297,370 Collateral held by agent as security for notes issued to banks Gold certificates on hand and due from U. S. Treasury 4,049,523 376,000 890,706 298,000 384,500 183,000 1-47,685 920,000 160,632 120,000 152,000 84,000 333,000 Eligible paper 4,485 366 2,244 4l3 52 31 60 — 262 151 287 439 180 U. S. Gov't securities 49,000 — _ _ _ _ _ __ 35,000 — 10,000 — 4,000 — — Total collateral 4,103,008 376,366 892,950 298,413 384,552 183,031 182,745 92.0,000 170,894 120,151 156,287 84,439 333,180 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis