H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STkTStSSSST FOR THE PHESS Released for publication Board of Governors Friday morning, June 26, of the Federal Reserve System not earlier. June 25* 193& CONDITION OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve bank credit outstanding during the week ended Jtae 3N-, as reported by the Federal Reserve banks, was $2,1+7S OOO OOO t f f a decrease of $7»000,OCX) compared with the preceding weak and an increase of $1,000,000 compared with the corresponding week in 1935• On June 2U total Reserve bank credit amounted to $2,^72,000,000, a decrease of $2,000,000 for the week, This decrease 9*?responds with decreases of $^51*000,000 in Treasury cash and deposits with Federal Reserve banks and $30,000,000 in nonmember deposits and other Fedoral Reserve accounts, and increases of $57*000,000 in monetary gold stock and $10,000,000 in Treasury and national bank currency, offset in part by increases of $^1^,000,000 in member bank reserve balances and $125,000,000 in money in circulation* Member bank reserve balances on June 2^ were estimated to be appro^imatel;-- $2^0,000,000 in q::c©ss of legal requirements. Relatively snail changes were reported in holdings of discounted and purchased bills, industrial advances and United States securities* Changes in the amount of Reserve bank credit outstanding and in related items during the week and the year ended June 2U, 1936, were as follows: Increase or decrease since June 24 June 17 June 26 1935 (In millions of dollars) Bills discounted 6 ~1 -1 Bills bought -2 .3 k U. S* Government seemritie# 2A30 — Industrial advances i m ^ A ^. Dillon oom^L tfi&m t s -' * 30 *2 Other jfe^orv® bmsjfc 2 TOTAL RESERVE BAM CREDIf 2,^72 Monetary gold stock 10,600 +57 +1,^91 Treasury and imti&t&X "baric currency 2,500 +10 rS Money in circulation +i25 +$75 Member ba&I: balance* 5,308 Treasury cash. m& deposits with 3.577 J+51 Nonmomber deposit© other acccna&ts 513 -30 (B-801) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, June 26,1936; not earlier. B-SOla ASSETS AND LIABILITIES OF THE TWELVE FEDERAL RESERVE BASKS COMBINED (In thousands of dollars) June 24,1936 June 17,1936 June 26,1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 7,958,042 7,932,539 6,126,491 Redemption fond - F. R. notes 12,364 12,518 22,583 Other cash 2 7 2 , 2 7 6 , 2 69 239,6l4 Total reserves 8,21+3,250 8,227,326 6,388,688 Bills discounted: Secured "by U.S.Gov'.t obligations,direct and/or fully guaranteed . 3,9S£ 4,177 3,591 Other "bills discounted 2,204 2,362 3,546 Total frills discptroted 6,189 6,539 7.137 Bills bought in open market , 3,077 3,076 4,690 Industrial advances 29,936 30,058 27,518 U. S. Government securities: Bonds . . . 315,678 315,697 Jl6, S6$ Treasury notes . . . . . . . . . . .. 1,%4,199 1,494,219 1,510,483 Treasury bills 620,357 650,337 602,879 Total U.S. Government securities . » 2,430,234 2,430,253 2,430,227 Other securities . . . . . . . . . . .. 181 181 -r Total bills and securities 2,469,617 2,1+70,107 2,469,572 Due from foreign bafiks . . . . . . . .. 237 238 TH F. R. notes of other banks . . . . . .. 15,392 24,037 16,853 Uncollected items . . 551,560 696,106 468,90+ Bank premises . . 48,052 48,052 49,826 All other assets 38,813 38,196 42,531 TOTAL ASSETS . 11,366,921 11,504,062 9,^37, L I A B I L I T I ES F. R. notes in actual circulation . . . 3,980,018 3,872,984 3,197,898 Deposits! Member bank - reserve account * , . . . 5,307,954 4,893,667 5,029,492 U.S.Treasurer - General acccruait , . . . 929,072 1,421,457 80,301 Foreign bank . . . . . . . .. . . .. 56,258 60,378 24,101 Other deposits . . . . . . . . .. . . 1?5.$77 221.584 281.4^9 Total deposits . 6,4^8,961 6,597,086 5,415,393 Deferred availability items . . . .. . 549,674 686,625 467,642 Capital paid in . . .. 130,879 130,813 146,584 Surplus (Section 7) 145,501 145,501 144,893 Surplus (Section 13 b) . . . . . . .. . 26,513 26,513 20,W Reserve for contingencies • . 34,113 34,111 30,778 All other liabilities . . . 11,262 10,42ft 13,475, TOTAL LIABILITIES 11,366,921 11,504.062 9,^37,145 Ratio of total reserves to deposit and E. R. note liabilities combined . . , 78.7$ 78.6$ 74.2$ Commitments to make industrial advances 24,452 24,>679 20,579 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AID LIABILITIES OF THE FEDERAL RESERVE BANKS ON HIKE 24, 1936 (In thousands of dollars) B-S01"b A S S E TS 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 7,958,01+2 518,792 2,989,080 412,763 580,l40 260,991 216,500 1,654,877 237,806 174,638 234,34l 154,901 523,213 Redemption fund - F.R.notes 12,364 2,220 1,1+79 180 73O JS6 1,769 408 934 240 1,012 429 2,177 Other cash 272,844 25,851 74,096 38,05.1 24,557 16,079 10,554 31,811 12,571 7,432 14,235 5,884 11,693 Total reserves 8,21+3,250 5*6,863 3,064,655 451,024; 605,1+27 277,856 228,823 1,687,096251,311 182,310 21+9,588 l6l,2l4 537,083 Bills discounted: Secured by U.S.Gov't obligations, direct and/or fully guaranteed 3,985 1,065 2,121 556 1+0 95 *5 25 3 — 10 25 Other hills discounted 2*204 81 1,1+82 — 17 52 21 — 8 54 .87 394 8 Total hills discounted 6,189 1,11+6 3,603 556 57 1*7 66 — 33 57 87 4o4 33 Bills bought in open market 3,077 221+ 1,095 316 293 120 108 384 87 61 86 86 217 Industrial advances 29,936 2,9ll+ 77,,336600 55,,116622 11,,777722 3,661 761 2,113 556 1,335 1,017 1,655 1,630 U.S.Government securities: Bonds 315,678 21,487 82,132 24,663 28,877 15,*59 13.272 34,228 16,251 i6,oi4 15.636 21,258 26,401 Treasury notes l,l+9U, 219 99,609 1+66,186111,972 138,31+3 74,059 63,586 163,975 78.357 43,693 74,023 53.935 126,481 Treasury bills 620,337 36,581 181,065 1+0,485 50,8(>5 27,198 23,351 122,961 28,592 15.858 27,185 19.&07 46,41+9 Total U.S.Govtt securities 2,^30,231+ 157,677 729,383 177,120 218,025 116,716 100,209 321,164 123,200 75,565 116,844 95.000 199.331 Other securities 181 — —„ 181 — Total bills and securities 2,1+69,617 161,961 71+1,1+1+1 183,151+ 220,11+7 120,61+1+ 101,11+1+ 323,661 123,876 77,018 118,a5 -97.145 201,211 Due from foreign banks 237 18 91 23 22 10 8 28 4 3 7 7 16 F. R. notes of other banks 15,392 328 2,872 533 1,2125 929 1.398 2,376 1,4x4 1,100 1,580 431 1,306 Uncollected items 551,560 59 ,228 134,25s 1+1,564 54,195 46,251 19.271 76,486 23,634 16, 081 31.1*7 21,596 27,849 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 38,813 301+ 27,506 3,677 1,643 1,095 1,504 764 310 433 4o4 799 374 TOTAL ASSETS 11,366,921 771,815 3,981,67!+ 685,055 889,081+ 1+1+9,701+ 354,1+32 2,095,241 403,002 278,476 404,301 282,71s 771,*19 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES 0? THE FEDERAL RESERVE BAMS Oil JUNE 24, 1936 (in thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston New York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Eans.Cy. Dallas San Fran. F.R.notes in actual circulation 3,980,018 364,498 813,658 300.434 385,979 184,658 175.639 907,766 169,843 120,765 151,122 85,915 319,7U1. Deposits: Member bank - reserve account 5,307.95^ 256,397 2,235,572 273,310 357,716 171,647 111,250 9S9,769 156,049 100,975 180,426 131,000 343,837 U.S.Treasurer - General account 929,072 61,581 499,278 30,861 51,533 29,086 31,877 68,217 31,775 26,814 29,313 27,871 40,866 Foreign bank 5^,258 M 79 21,254 5,127 5,072 2,426 1.929 6,395 1,654 1,323 1,596 1,599 3,so4 Other deposits 195*677 1,624 156,807 1,398 2,170 —2,121 3,704 2,179.- JU1§6. 301 _JLtI20 11,61? Total deposits 6,488,961 323,681 2,912,917 310,596 4i6,49i 205,35^ l4s,76o 1,066,560 197,4Q4 133,076 211,636 162,260 400,126 Deferred availability items 5^9,67^ 59,700 130,401 40,422 54,945 44,819 16,689 77,101 25,575 15»813 31,755 24,O4I 28,412 Capital paid in 130,879 9,368 50,920 12,283 12,650 4,700 4,240 12,057 3,767 2,977 3,55^ 3,805 10,158 Surplus (Section 7) 1^5,501 9,902 50,825 13,406 1^,371 5,186 5,616 21,350 4,655 3,1*9 3,bi3 3,783 9,6% Surplus (Section 13 b) 26,513 2,874 7,7^ ^,231 1,007 3,448 75^ 1,391 546 1,003 1,142 1,252 1,121 Reserve for contingencies 34,113 1,^13 8,849 3,000 3,111 1,278 2,519 7,573 894 1,456 846 1,328 1,849 All other liabilities 11,262 212. 6,360 583 530 261 215 320 22L 233^2 261 TOTAL LIABILITIES 11,366,921 771,815 3,981,674 685,055 889,084 449,704 354,432 2,095,241 403,002 278,476 4o4,301 282,71s 771,^19 Ratio of total reserves to deposit and F. R. note liabilities combined 78.7 79«5 82.2 73.8 75.*+ 71.2 70.5 85.5 68.4 71.8 68.8 65.0 74.6 Commitments to make industrial advances 24,452 2,789 9,813 294 1,462 2,334 290 78 1,826 93 4o6 538 4,529 MATURITY DISTRIBUTION OF BILLS AND SECURITIES 91 days to Total Within 15 days 16 to 30 days 31 to 60 days 6l to 90 days Over 6 month 6 months Bills discounted 6,189 4,411 124 591 638 425 Bills bo-ught 3,077 170 270 599 2,038 Industrial advances 29,936 1,631 272 663 599 2,297 24,474 U. S. Government securities 2,430,234 4i,54I 26,341 53,559 11^972 390,248 1,803,573 Other securities 181 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE BOTE STAT11.IE1TT Oil JOES 24, 1936 (In thousands of dollars) B-SOld Total Boston ITew York phila. Cleve. Rich. Atlanta Chicago St Louis Minn. Eans.Cy, Dallas San Fran. 0 Federal Reserve notes: Issued to F,R . bank lay F.ROgent 4,243,935 378,873 904,588 309,689 398,801 193,995 194,167 9^0,685 178,570 126,049 164,507 9^,238359,773 r Held by Federal Reserve bank 263,917 l4 375 9^930 9.255 12,822 9,337 18,528 32,919 2 7?7 5,284 13,385 8,323 40.032 t ; In actual circulation 3,980,018 364,498 813,65s 300^34 385,979 184,658 175,639 907,766 169,843 120,765 151,122 85,915 319.741 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U, S. Treasury 4,260,523 396-000 920,706 314,000 400,500 194,000 164,685 951,000 172,632 128,000 160,000 95,000 364,000 Eligible paper 4,280 1,146 2,357 556 57 147 66 33 57 so 348 33 U. S* Gov't securities 42; ooo -- — — — — 30,000 7,000 — 5,000 Total collateral 4,307,403 397,146 923,063 314,556 400,557 194,147 194,751 951,000 179,665 128,057 165,080 95,34s 364,033 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis