H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR TEE PEESS Released for publication Board of Governors Friday morning, June 19; of the Federal Reserve System not earlier. June 18 1936 f CONDITION OF FEDERAL RESERVE BANKS The daily average volume of Federal Reserve "bank credit outstanding during the week ended June 17, as reported by the Federal Reserve banks was $2,^85,000,000, an increase of $9,000,000 compared with the preceding week and a decrease of $1,000,000 compared with the corresponding week in 1935• On June 17 total Reserve bank credit amounted to $2,^80,000,000, an increase of $9,000,000 for the week. This increase corresponds with incree,ses of $111,000,000 in money in circulation, and $9$+,000,000 in Treasury cash and deposits with Federal Reserve banks, offset in part by decreases of $939,000,000 in member bank reserve balances, and $62,000,000 in nonmember deposits and other Fedoral Reserve accounts, and an increase of $63,000,000 in monetary gold stock. Member bank reserve balances on June 17 were estimated to be approximately $2,0^0,000,000 in excess of legal requirements® Relatively small changes were reported in holdings of discounted and purchased bills and industrial advances. An increase of $50,000,000 in holdings of United States Treasury bonds was offset by decreases of $^7,000,000 in United States Treasury notes and $3,000,000 in United States Treasury bills. Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended June 17, 193^, were as follows: Increase or decrease since June 17 June 10 June 19 (In millions of dollars) Bills discounted +2 Bills fecm^it 2 U. 8* Goverwient securities Industrial advances (not including 85 million comalimmtB ~ 1?) 30 +3 Other Reservo bank credit 10 ~3 TOm, RESERVE BASK GHEDIT 2 k80 -2 9 Monetary gold stock 10.$ Treasury and national b&ak +1 -20 ttoy in +l±l +550 Maafcar Imek fmmtm W S m m» iHI Treasury cash and deposits with f Imfcm Honmembe*r deposits and other accounts 5^3 -62 -22 (B-SOl) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 19,1936; net earlier. B-S01a ASSETS JO LIABILITIES OF THE FEDERAL BES3RVE BilZIS COiffillTED (In thousands of dollars) June 17,1936 June 10,1936 June 19,1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 7,93^,539 7»939»040 6,119,422 Redemption fund - F. R. notes . . . . .. 12,512 13,261 21,357 Other cash 276,569 295,572 234,012 Total reserves 8,227,326 2,247,873 6,375,363 Bills disco-anted: Secured "by U.S.Gov't obligations,direct and/or fully guaranteed 4,177 3.244 3,oSl Other bills discounted 2,362 2,159 3,200 Total bills discounted 6,539 5.^03 6,CS1 Bills bo tight in open marl:et 3,076 3,076 4,723 Industrial advances 30,052 30,064 27,326 U. S. Government securities: Bonds 315,697 265,626 316,291 Treasury notes 1,494,219 1,541,224 1,515,436 Treasury bills 620,337 623,337 597,93.4 Total U.S.Government securities . . 2,430,253 2,4-30,247 2,430,241 Other securities ' 121 121 — Total bills and securities 2,470,107 2,462,971 2,469,231 Due from foreign barixs 232 232 672 F« R. notos of other banks 24,037 21,91o 17.312 Uncollected items 696,106 531.092 563,315 Bank premises 42,052 42,051 49,222 All other assets 33,196 44,625 42.092 TOTAL ASSETS li,5o4,o62 11,362,232 9,517,219 L I A B I L I T I ES F. R. notd's in actual circulation . . .. 3,272,924 3,785,920 3,122,272 Deposits: Member bank - resorvo account 4,293,667 5,833,391 4,995,666 U.S. Treasurer - Gonoral account . . .. 1,421,4-57 516,4-04 126,035 Foreign banl: 60,372 61,675 27,564 Other doposits 221,584 243,947 273,778 Total deposits 6,597,026 6,655,417 5,^23,043 Deferred availability items 626,625 529,204 551,087 Capital paid in 130,813 130,271 146,594 Surplus (Section 7) 1%,501 145,501 144,293 Surplus (Section 13b) 26,513 26,513 20,422 Reserve for contingencies 34,111 34,112 30,778 All other liabilities 10,429 55,222 12,664 TOTAL LIABILITIES 11,504,062 11,362,832 9,517,819 Ratio of total reserves to deposit and F. R. note liabilities combined . . . .. 7 2 . 1 3 . &P Commitments to make industrial advances . 24,679 24,792 20,404 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 1J, 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 from u. S. Treasury 7,933,539 5 2 ^2 3,oii g66 His,103 58l+,9SO 267,390 217,^93 1,61+1,2H0 21+5,751+ 155,257 2ll+,60s 153,061 503,239 ( Redemption fund - F.R. notes 12,512 2,248 1,605 231 771 576 1,800 1+50 9^5 2^7 1,020 U36 2,189 Other cash 276,269 2^332 72,715 38, ^ 25,777 10,360 3M33 12,70*+ 7,^50 5,957 11,909 Total reserves 8,227,326 551,58s 3,086,186 1+56,758 611,52s 285,310 229,653 1,676,523 259,^03 163,55H 230,032 159,517,337 Bills discounted: Secured by U.S.Gov't obligations, direct and/or fully guaranteed *+»177 810 22,,661188 4444ll 6655 2266 25 — 102 5 — 10 75 Other "bills discounted 2,362 61 1,681 — 12 52 21 — 8 59 109 359 Total bills discounted 6,539 871 *+,299 1+1+1 77 7S 1+6 —. 110 61+ 109 369 75 Bills bought in open market 3,076 224 1,09^ 316 293 120 10s 384 61 86 86 217 V Industrial advances 30,05s 2,920 7,370 5,172 1,779 3,730 763 2,113 563 1.33S 1,023 1,65s 1,623 U.S. Government securities: Bonds 315,697 21,1+87 82,132 2l+, 663 28,877 15,^52 13,272 34, 228 16,251 1166,,003311++ 1155,,663366 2211,,225588 2266,,11++0011 Treasury notes 1,^,219 99,609 1+66,186 111,972 132,3^3 7M59 63,586 153,975 7S 357 ^3,693 7M23 53,935 126,1+81 s Treasury bills 620,337 36,581 181,065 40., 485 50,805 27,19s 23,351 122,961 28,592 15,252 27,185 19,807 1+6,1+1+9 Total U S.Gov't securities 2,1+30,253 157,677 729,323 177,120 218,025 116,715 100,205 321,lbU 123,200 75,585 Ii6,s44 95,000 199,331 Other securities 181 — — — — — — — - — 181 — Total bills and securities 2,^70,107 161,692 7H2,146 1^3,055 220,171+ 120,61+3 101,126 323,661 123,960 77,01+8 11s, 21+3 97,113 201,21+6 Due from foreign banks 238 18 92 23 22 10 8 28 1+ 3 7 7 • 16 F. R. notes of other banks 24,037 323 8,81+8 1+98 1,^99 1,56s 1,296 3,637 2,122 S94 1,810 390 1,152 Uncollected items 696,106 66,1+69 168,391 55,559 70,239 59,61+6 21,762 102,461 28,053 22,203 39,^61 26,195 35,663 Bank premises 1+8,052 3,H3 10,851 5,080 6,525 2,919 2,284 4,230 2,453 i,53i 3,360 1,526 3,520 All other assets 32,196 320 26,71+6 3,673 1,712 1,092 1,509 712 326 1+25 ^33 833 ^09 TOTAL ASSETS 11,504,062 723,523 4,01+3,260 704,646 911,699 1+71,188 357,638 2,111,258 1+16,321 265,658 393,3^6 285,522 759,^03 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

'AASSETS AMD LIABILITIES OF THE FEDERAL RESERVE BANKS ON JUNE 17, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston New Yorlr Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. P.R.notes in actual circulation 3,372,9s1* 355,66s 797,620 291,407 375,151 176,678 167,763 889,733 165,324 117,^5 146,55s Si,703 307,844- Deposits: Member 1)01111 - reserve account U,S93,667 221,311 2,027,820 260,011+ 335,632 156,695 93,455 939,701 1^,719 81,920 153,084 114,567 302,749 U.S.Treasurer - General account l,421,457 109,305 679,930 58,129 90,590 59,511 54,733 122,606 53,756 31.12s 40,099 45,846 70,824 Foreign bank 60,378 4,567 21,188 5,740 5,678 2,716 2,160 7,160 1,852 i,4si 1,737 1,790 4,259 Other deposits 221,584 1,777 17M75 3,475 3,299 2,812 4,139 4,145 S 527 4,309 479 2,091 11,656 ? Total deposits 6,597,086 336,960 2,963,813 327,358 435,199 221,734 154,487 1,073,612 209,854 118,838 195,449 164,294 395,488 Deferred availability items 686,625 66,988 157,840 52,422 69,686 57/872 22,052 104,734 30,969 20,486 41,557 29,076 32,943 Capital paid in 130,813 9,372 50,864 12,274 12,64s 4,714 4,239 12,045 3,765 2,976 3,953 3,805 10,158 Surplus (Section 7) 145,501 9,902 50,825 13,4o6 14,371 5,186 5,616 21,350 4,655 3,1^ 3,613 3,783 9,645 Surplus (Section 13 b) 26,513 2,874 7,7® 4,231 1,007 3,44s 754 1,391 546 1,003 1,142 1,252 1,121 Reserve for contingencies 34,111 1,413 8,849 3,000 3,111 1,274 2,519 7,573 893 1,456 846 1,328 1,849 All other liabilities 10,429 346 5,705 548 526 282 208 1,370 315 265 228 281 355 TOTAL LIABILITIES 11,504,062 783,523 4,043,260 704,646 911,699 471,188 357,638 2,111,85s 4i6,321 265,65s 393,346 285,522 759,403 Ratio of total reserves to deposit and F.R.note liabilities combined 78.6 79»6 82.0 73»8 75.5 71.6 71.3 85.4 69.1 69.2 67.3 64.8 73.6 Commitments to make industrial advances 24,679 2,S07 10,203 305 l,46i 2,336 291 78 I,S45 9^ 4o6 541 4,312 MATURITY DISTRIBUTION OF BILLS AND SECURITIES $1 'days to Total Within 15 days 16 to 3° days 31 to 60 days 6l to 90 days 6 months Over 6 months 3ills discounted 6,539 4,852 684 586 340 Bills bought 3,076 1,966 270 172 668 Industrial advances • 30,058 1,671 228 681 620 2,012 24,846 U. S. Government securities 2,430,253 33,514 34,975 57,286 123,242 375,573 1,805,663 181 Other securities 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE 2I0TE STATE!,1EHT OH JTJI7E 17, 1936 (In thousands of dollars) B-gOld Total Boston Hew York Phi la. Cleve. Rich.. Atlanta Chicago St. Louis Minn. H&ns.Cy. Dallas San 7 ran. Federal Reserve notes: Issued to bank by F.R.Agent 4, 132,931 370,913 891,162 302,229 389,478 186,933 136,177 919,941 172,323 ia,690 158,'f$l 90,619 342,170 Held by Federal Reserve bank 259,91+7 15,559 93,542 10,S22 14,327 10,255 lS,4l4 30,15s 7,^99 '4,205 12,233 S,9l6 34,326 In actual circulation 3.872,984 355,66s 797,620 291,407 375,151 176,678 167,763 889,783 165,324 117,485 146,558 81,703 307,sUU Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 4,125,523 376,000 905,706 302,000 392,000 188,000 157,685 926,000 173,632 117,000 152,000 90,500 31+5,000 Eligible paper 5,109 S71 2,927 4i+i 77 78 110 6k 101 319 75 U. S. Gov't securities 43,000 — 30,000 5,000 8,000 Total collateral 4.173.632 376,871 908,633 302,4Hi 392,077 ISC,07s 137,731 926,000 173,7^2 122,o&j- 160,101 90,819 345,075 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis