H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT SOH THE PRESS Released for publication Board of Governors Friday morning, June 12; of the Federal Reserve System not earlier, June 11, 1936. CONDITION OF FEDERAL RESERVE BASKS The 4aiiy average volume of Federal Reserve bank credit outstanding during the week ended June 10, &g reported.by the Federal Reserve banks, was $2,^76,000,000, unchanged from the preceding week and the corresponding week in 1935* On June 10 total Reserve bank crcdit amounted to $2,^71,000,000, a decrease of $12,000,000 for the week. This decrease corresponds with decreases of $16 ,000,000 in money in circulation, $j6 0OO OOO in nonmember deposits and other f t Federal Reserve accounts, and $20,000,660 in Treasury cash and deposits with Federal Reserve banks, and an increase of $71,000,000 in monetary gold stoc]? t offset in part by an increase of $120,000,000 in member bank reserve balances and a decrease of $U 000,000 in Treasury and national bank currency* Member bank f reserve balances on June 10 were estimated to be approximately $2,950*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 $5,000,000 in holdings of United States Treasury notes was offset by a decrease of $5,000,000 in holdings of United States Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items during the wee]1: and the year ended June 10, 1936, were as follows: Increase or decrease since June 10 June" 3 June 12 J23L 1935 ., (In millions of dollars) Bills discounted 5 -1 -3 Bills bought -2 U* S* Government securities 2.^30 Industrial advances (not including 25 million 30 commitments - June 10) 2 Other Reserve bank credit -13 TOTAL RESERVE BAM CREDIT 2,1*71 -IS -1 Monetary gold stock lo,Hgo Treasury and national bank currency Ik -25 2,Ug9 Money in circulation 5,937 -16 -am Ltember bank reserve balances 5.833 +120 Treasury cash and deposits with F.R* banks 3.064 -20 +76 Uonmember deposits and other F.R* accounts 605 '-36 +133 (B-SOl) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 12,1936; not earlier. B-SOla ASSETS AUD LIABILITIES OF THE 37CTELVE FEDERAL RESERVE BAIUCS OOHBIHED (In thousands of dollars) June 10,1936 June 3,1936 June 12,1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 7,939,040 7,S40,037 6,019,475 Redemption fund - F. R. notes 13,261 13,261 21,259 Other cash 295,572 290,695 233,432 Total reserves 2,247,273 3,143,993 6,274,766 Bills discounted: Secured "by U.S.Gov't obligations,direct and/or fully guaranteed 3,244 3,611 44,,443344 Other bills discounted 2,159. 2,240 3,300 Total bills discounted . . . .. 5,^03 5,851 7,734 Bills bought in open market . . 3,076 3,076 4,706 30,166 27,222 Industrial advances 30,064 U. S. Government securities: 265,686 265,620 Bonds 316,904 Treasury notes l,5Ul,224 1,536,227 1,512,420 Treasury bills . 623,337 622,337 600,279 Total U. S. Government securities 2,430,2^7 2,430,244 2,430,263 121 121 Other securities . . . . .. — Total bills and securities . . . 2,462,971 2,469,512 2,469,925 Due from foreign banks . . . . . . . .. 23s 237 694 21,916 20,243 F. R. notes of other banks . . . . . .. 12,020 531,09s Uncollected items 613,591 523.601 Bank premises 42,051 42,052 49,214 All other assets 44,6S5 42,629 ^9,592 TOTAL ASSETS 11,362,832 11,33S,323 9,326,472 L I A B I L I T I ES F. R. notes in actual circulation . . .. 33,,77SS55,,99SSOO 3,793,959 3,17S,446 Deposits: Member bank - reserve account 5.S33.391 5,713,315 55,,004499,,112211 U.S.Treasurer - General account . . .. 516,4o4 504,733 65,720 Foreign bank . . .. 61,675 53,607 20,741 Other deposits 243,947 295,406 193,407 6,655,417 6,567,061 Total deposits 5,329,109 Deferred availability itemsv 529,204 594,315 521,272 Capital paid in 130,271 130,796 146,622 145,501 145,501 Surplus (Section 7) 144,293 Surplus (Soction 13 b) 26,513 26,513 20,422 Reserve for contingencies . .. 34,118 34,II4 30,776 All other liabilities . . .. 55.222 46,064 14,272 TOTAL LIABILITIES 11,362,232 11,33S,323 9,336,472 3atio of total reserves to deposit and 72.6$ F. R. note liabilities combined . . .. 79.of. 73.8^ 20,002 Commitments to make industrial advances . 24.79S 24,872 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS Am LIABILITIES OP THE FEDERAL RESERVE BAMS OU JUIIE 10, 1936 (In thousands of dollars) B-SOlb 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 591,271 160,976 from U. S. Treasury 7.939,040 491,797 3,116,195 399,265 249,250 202,447 1,624,255 245,401 217,788 147,275 492,520 Redemption fund - F. R. notes 13,26l 2,290 1,875 327 904 413 1,273 6ll 979 26l 1,051 ^53 2,224 295,572 26,805 26,676 35,165 13,903 12,730 Other cash 83,373 39.073 I8,4l6 10,833 7,^17 15,297 5,284 268,079 Total reserves 8,247,873 520,892 3,201,443 438,665 618,851 215,153 1.660,031 260,283 168,65** 234,136 154,212 507,474 Bills discounted; Secured "by U.S.Gov't obligations, direct and/or fully guaranteed 3,244 230 2,200 386 65 31 50 — 2 18 150 2 110 Other "bills discounted 2,159 53 1,490 12 52 21 — 8 79 io4 340 — Total bills discounted 5,403 283 3,690 38 6 77 83 71 — 10 97 254 342 110 Bills bought in open market 3,076 224 1,094 316 293 120 10S 384 27 61 86 86 217 Industrial advances 30,064 2,924 7,327 5,146 1,781 3,733 723 2,125 564 i»3^o 992 1,646 1,643 U.S. Government securities: Bonds 265,686 17,956 68,473 20,755 23,973 1122,,883344 ll,0iq 2288,,441155 1133,,^^9922 14,491 13,013 1199,,334477 21,91s Treasury notes 1,541,224 102,928 479,025 115,646 :1 42,952 76,527 65,704 169,440 80,950 45,137 76,489 55,731 130,695 Treasury bills 623,337 36,793 181,885 40,719 51,100 27,355 23,486 123,309 28,752 15,950 27,342 19,922 46,718 Total U t S.Gov't securities 2,430,247 157,677 729,323 177.120 218,025 116,716 100,209 321,164 123,200 75,572 116,844 95,000 199,331 Other securities 181 — — —. — — — — 181 — — Total bills and securities 2,468,971 161,108 741,554 182,968 220,176 120,652 101,171 323,673 123,861 77,076 112,357 97,074 201,301 Due from foreign banks 23s 18 92 23 22 10 8 28 4 3 7 7 16 F. R. notes of other banks 21,916 4ll 5,692 609 1,307 2,092 1,247 3,524 1,350 1,052 1,107 1485 2,37^ Uncollected items 531,098 53,972 126,785 32,547 51,733 46,193 17,562 74,072 24,447 15,662 29,762 22,963 29,322 Bank premises 48,051 3,113 10,851 5,080 6,525 2,919 2,224 4,830 2,452 1,531 3,360 1,526 3,520 All other assets 44,685 308 32,835 4,557 1,592 1,089 1,413 577 311 452 337 864 3^44 TOTAL ASSETS 11,362,832 739,228 119.252 670,449 !9 00,212 441,034 339,444 1 2 ,066,801 412,702 264,436 387,066 277,131 744,471 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND UTILITIES OP THE FEDERAL RESERVE BANKS OH JUNE 10, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. P.R.notes in actual circulation 3.7S5.9SO 3Ulf,72U 77s,655 283,220 372,239 172,825 160,910 878,568 160,997 114,790 11+3,359 77,788 297,905 Deposits: Member 'bank - reserve account 5,833,391 263,079 2,678,435 288,001 397,401 173,271 109,361 1,024,396 l6S,OJ«5 89,^+0 173,018 124,005 344,936 U.S.Treasurer - General account 5l6,4o4 26,727 178,546 18,597 38,223 29,488 31,901 31,884 35,719 29,30^ 28,823 36,025 31,167 Foreign bank 61,675 4,567 22,486 5,740 5,678 2,71§ 2,160 7,159 1,852 l.UffiL 1.7S7 1,790 4,259 Other deposits 243,947 5,337 194,964 2,437 2,302 2,316 4,179 2,172 9,957 851 2,082 12,762 Total deposits 6,655,^17 299,710 3,07^,1+31 314,775 443,604 207,791 147,601 1,065,611 215,576 124,8X3 204*479 163,902 393,124 Deferred availability items 529,204 53,735 123,087 38,010 51,533 45,068 17,608 74,464 25,914 16,006 28,765 24,776 30,238 Capital paid in 130,871 9,373 50,863 12,315 12,644 4,712 4,232 12,041 3,765 3,953 3,807 10,189 Surplus (Section 7) 145,501 9,902 50,825 13,406 14,371 5,186 5,616 a,350 4,655 3,1% 3.613 3,7S3 9,645 Surplus (Section 13 b) 26,513 2,874 7.7,44 4,231 1,007 3,448 754 i,39i 546 1,003 1,142 1,252 1,121 Reserve for contingencies 34,118 1,413 8,849 3,000 3,111 1,274 2,51S 7v573 893 1,463 846 1,328 1,849 All other liabilities 55,228 18,097 24,798 1|^2 1,70? m 2C . 26a m qpq 4q^ 4oo ... TOTAL LIABILITIES 11,362,832 739,828 4,119,252 670,449 900,212 441,034 339.444 2,066,801 412,708 264,436 387,066 277,131 744,471 Ratio of total reserves to deposit and F.R.note liabilities combined 73.O 80.8 83.1 73.4 75.9 70.4 69.7 85.4 69.1 70.4 67.3 63.8 73.4 Commitments to make industrial 305 1,462 2,342 296 78 1,844 92 477 advances 24,798 2,812 10,240 547 4,303 MATURITY DISTRIBUTION OF BILLS AHD SECURITIES 91 days to Total Within 15 days l6 to 30 days 31 to 60 days 6l to 90 days Over 6 months 6 months Bills discount ed 5,403 4,159 120 715 47 362 Bills bought 3,076 1,935 16 469 656 Industrial advances 30,064 1,491 . 360 770 45s 1,999 24,986 U. S. Government securities 2,430,247 48,541 4I,54I 98,298 66,661 334,861 1,840,345 Other securities 181 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT ON JUNE 10, 1936 (In thousands of dollars) 3-S01d Total 3oston New York Phila. Cleve, Rich. Atlanta Chicago St.Louis Him. Kans.Cy. Dallas San Fran. Federal Reserve notes: issued to F.R. bank "by I.E.agent M7M96 362,350 S76,529 296,32s 3S6.93S 122,97^ 915,135 170,539 1191100 158,135 26,662 33S,532 Held t>y Federal Reserve btmLz 288,916 17,626 97,87!+ 13,168 ll+,699 10,1^9 20,651+ 36,617 9,51+2 H,310 14,776 8,871+ 1+0,627 In actual circulation 3,7S5,9SO KN jdc jt OJ 772,655 283,220 372,239 172,825 160,910 878,568 160,997 ni+,790 1^3.359 77,7^8 297,905 Collateral held by agent ae security for notes issued to "ban!:: Gold certificates on hand and due from U. S. Treasury MS7,023 376,000 890,706 298,000 389,000 18l+,000 11+7,685 920,000 171,632 120,000 158,000 87,000 31+5,000 Eligible paper M13 283 2 3 71 77 S3 71 10 97 21+6 291 110 IT. S« Sov!t securities 37,000 35,000 «•«— m*m 2,000 U, 128,136 376,283 893,180 298,371 335,077 18U.083 182,756 920,000 171,61+2 130,097 160,21+6 87,291 31+5,110 Total collateral Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis