H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STATEMENT FOR THE PRESS Heleased for publication Board of Governors Friday morning, Aug* 75 of the Federal Reserve System not earlier• August S, 1936 CONDITION 01 FEDERAL RESERVE BANKS The daily average volume of Federal Reserve bank credit outstanding during the week ended August 5» as reported "by the Federal Reserve banks, was $2,^70,000,000, an increase of $2»000,000 compared with the preceding week and a decrease of $6,000,000 compared with the corresponding week in 1935* On August 5 total Reserve bank credit amounted to $2,^63,000,000, an increase of $2,000,000 for the week. This increase corresponds with increases of $40,000,000 :.n money in circulation and $23,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $2,000,000 in monetary gold stock and decreases of $11,000,000 in member bank reserve balances and $Ul,000 000 in f Treasury cash and deposits with Federal Reserve banks* Member bank reserve balances on August 5 were estimated to be approximately $3,050,000,000 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 August 5» 193&, wore as follows: Increase or decrease since Aug." '5 July 29 Aug. 7 1936 1935 (In millions of dollars) Bills discounted —2 Bills "bought 3 — -2 U. S« Government securities 2,^30 Industrial advances (not including 23 million commitments- August 5) 29 >-1 — Other He serve bank: credit -3 +3 -8 TOTAL HESERT/E BAM CEEDIT 2,^63 +2 -13 Monetary gold stock 10,650 +g +1,1+92 Treasury currency 2,1*96 — +19 Money in circulation 6,163 +613 Member "bank reserve balances 6,005 -11 +S90 Treasury cash and deposits with 3P.R. banks 2,866 -66 Nonmember deposits and other I, R. accounts 575 +23 '+61 (B-S01) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Aug. 7,193^; not earlier, B-SOla ASSETS MD LIABILITIES OP THE TWELVE FEDERAL RESERVE BANKS COMB IKED (In thousands of dollars) Aug. 5.1936 July 29.1936 Aug. 7. 1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 8,211,046 8,185,529 6,288,615 Redemption fund - F. R. notes i-z o 11,663 21,588 7? Other cash 288*635 303.084 238,926 Total reserves 8,513,>+01 8,500,276 6,5^9,129 Bills discounted: Secured by U.S.Gov't obligations, direct or fully guaranteed 1,856 1,676 2,950 Other bills discoimted 2 10U 1,992 3,350 t Total bills discounted 3,960 3,668 6,300 Bills bought in open market . . . . .. 3»092 3>092 4,685 Industrial advances 28,888 *29,58>+ 29,096 U. S. Government securities: Bonds 324,721 324,721 290,297 Treasury notes 1,496,719 1,496,719 1,583,826 Treasury bills 608,787 608,787 556,209 Total U. S. Government securities . . 2,430,227 2,430,227 2,430,332 Other securities . . . . . . . . . . .. 181 181 — Total bills and securities 2,466,348 *2,466,752 2,470,413 Due from foreign banks 221 221 637 F. R. notes of other banks 22,5^0 24,185 19*771 Uncollected items 5U7,6l6 553,019 443,728 Bank premises >+8,056 4^,055 >+9,906 All other assets >+>+,190 *>+5,282 >+4,577 TOTAL ASSETS 11,£+2,372 11,637,790 9,578.163 L I A B I L I T I ES F. R. notes in actual circulation . . . 3*979,Sl^ 3,951,101 3,303,113 Deposits: Member bank - reserve account 6,004,796 6,016,170 5,114,722 U.S.Treasurer - General account . . .. ^39,391 >+66,210 112,811 Foreign bank 71,040 57,158 22,053 Other deposits 249,675 240,676 231,342 Total deposits 6,764,902 6,780,214 5,>+80,928 Deferred availability items . 550,985 559,363 438,997 Capital paid in 130,205 130,170 146,655 Surplus (Section 7) 145,501 145,501 144,893 Surplus (Section 13 b) 26,513 26,513 22,621 Reserve for contingencies 34,105 34,104 30,782 All other liabilities . . . 10,347 10,824 10,17!+ TOTAL LIABILITIES 11,61+2,372 11,637,790 9,578,163 Ratio of total reserves to deposit and F. R. note liabilities combined . . . 79.2$ 79.2$ 74.6$ Commitments to make industrial advances 23,453 23,711 23,529 •Revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1ID LIABILITIES OF THE FEDERAL HE SERVE BALTICS OH AUGUST 5, 1936 (In thousands of dollars) B-SOlb A S S E TS Total Boston New York Pliila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. Gold certificates on hand and due from U. S. Treasury 8,211,046 508,274 3,269,025 406,682 573,264 266,187 212,761 1,609,904 215,018 182,289 246,302 157,718 563,562 Redemption fund - F. R. notes 13.720 2,011 1,753 916 483 67S 2,990 574 S53 204 932 375 1,953 other cash 288,635 32,598 73,173 38,399 27,385 15,656 10,686 37,063 12,825 7,667 12.333 6,739 l4.ll! Total reserves 8,513,401 542,883 3,344,011 445,997 601,132 282,519 226,437 1,647,541 228,696 190,160 259,567 164,832 579,626 Bills discounted: Secured "by U.S.Gov't obligations .— direct or fully guaranteed 1,856 56 1,403 160 25 12 25 —• 23 79 7733 Other bills discounted 2,104 — 1,637 — — 44- 26 -- 18 65 314 Total bills discounted 3,960 56 3,o4o 160 25 56 26 43 8S 393 73 Bills bought in open market 3,092 226 1,100 317 294 121 108 386 87 61 87 87 218 Industrial advances 28,888 3,101 7,104 5,087 1,504 3,613 716 1,816 534 1,199 898 11,,558877 11,,772299 U. S. Government securities: Bonds 324,721 21,607 88,263 28,217 31,507 17,104 13,142 38,630 17,361 11,571 16,425 12,502 28,392 Treasury notes 1,^96,719 99,596 406,823 130,061 145,220 78,839 60,575 178,054 80,018 53,334 75,708 57,628 130,863 Treasury bills 608,787 40,510 165,475 52,902 59,06? 32,067 24,639 72,423 32,548 21,693 30,794 23,440 53,228 Total U.S. Gov't securities 2,430,227 161,713 660,561 211,180 235,795 128,010 98,356 289,107 129,927 86,598 122,927 93,570 212,483 Other securities 181 — — — — — — — 181 — — Total bills and securities 2,466,34s 165,096 671,805 216,744 237,618 131,800 99,206 291,309 130,591 87,858 124,181 95,637 214,503 Due from foreign banks 221 17 85 21 20 10 8 26 4 3 6 6 15 F. R. notes of other banks 22,540 326 5,63s 779 1,474 1,534 1,399 2,192 2,189 1,428 i,4s4 573 3,524 Uncollected items 547,616 55,300 127,631 42,209 60,281 46,892 18,490 72,277 21,660 16,638 33,661 21,963 30,6i4 Bank premises 48,056 3,113 10,854 5,080 6,525 2,919 2,284 4,831 2,453 1,531 3,360 1,526 3,500 All other assets 44,190 294 33,009 3,407 1,717 1,107 1,433 . 733 258 371 44o 891 530 TOTAL ASSETS 11,642,372 767,029 4,193,033 714,237 908,767 466,781 349,257 2,018,909 385,851 297,989 422,699 285,428 832,392 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BABKS OU AUGUST 5, 1936 (in thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston ITew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3,979,2l4 356,939 217,367 293,56s 387,602 133,570 174,567 914,256 171,101 123,S74 153,704 25,052 312,214 Deposits: Member bank - reserve account 6,004,796 302,954 2,776,763 315,220 382,426 195,825 117,967 912,490 146,754 121,722 195,47S 133,229 397,122 U.S.Treasurer - General account ^39,391 20,721 132,751 22,713 35,056 19,29s 20,866 59,217 21,483 21,236 24,032 27,249 33,569 Foreign "bank 71,040 5,253 25,960 6,602 6,531 3,124 2,485 2,235 2,130 1,704 2,05s 2,059 4,899 Other deposits 2^9,675 2,9SU 191,994 2,066 5,442 3,2S2 2,326 1,976 7,932 3,934 264 2,007 25,468 Total deposits 6,764,902 331,912 3,127,468 346,661 439,455 222,189 143,644 922,518 178,299 148,596 221,832 165,204 461,124 Deferred availability items 550,925 54,507 124,535 40,913 46,175 17,734 72,537 26,323 16,300 7,489 24,186 29,232 Capital paid in 130,205 9,401 50,231 12,229 4,721 4,256 12,124 3,756 2,973 3,939 3,816 10,195 Surplus (Section 7) 145,501 9,902 50,225 13,406 5,186 5,616 21,350 4,655 3,149 3,613 3,723 9,645 Surplus (Section 13 b) 26,513 2,274 7,744 4,231 1,007 3,448 754 1,391 546 1,003 1,142 1,252 1,121 Reserve for contingencies 34,105 1,413 8,849 3,000 3,111 1,221 2,512 7,573 894 1,449 s4o 1,322 1,249 All other liabilities 10,347 81 6,oi4 229 269 211 16s 1,160 277 645 i4o S07 346 TOTAL LIABILITIES 11,642,372 767,029 4,193,033 714,237 908,767 466,721 349,257 2,018,909 325,651 297,929 422,699 285,428 832,392 Commitments to make industrial advances 23,453 2,745 9,061 315 1,434 2,322 284 77 1,770 90 397 536 4,422 MATURITY DISTRIBUTION OF BILLS AND 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 discotmted 3,960 2,290 28 S13 207 622 Bills bought 3,092 4 880 2,075 133 Industrial advances 28,888 1,434 27? 529 94s l,7SO 23,252 U. S. Government securities 2,430,227 22,520 36,956 129,459 70,804 323,260 I,s4i,i6s Other securities 181 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEMENT OIT AUGUST 5, 1936 (In thousands of dollars) B-801d Total Boston Hew York Fhila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy.Dallas San Fran. Federal Reserve notes Issued to F.R.bank by F.R.Agent 4,284,874 376,4l9 918,4g6 313,505 404,843 195,985 19^.9'26 952,812 180,057 128,192 164,932 95,435 359,282 Held by Federal Reserve bank 305,060 19,480 101,119 19,937 17»24l 12,415 20,359 38,55^ 8,956 4,318 11,228 10,383 4l,068 In actual circulation 3,979,8l4 35^,939 817,367 293,568 387,602 183,570 174,567 914,256 171,101 123,87^ 153,70^ 85,052 318,214 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and due from U. S. Treasury 4,289,838 396,000 935,706 314,000 407,000 197,000 l6l,000 966,000 155,632 130,000 163,000 95,500 369,000 Eligible paper 2,634 56 1,770 l60 25 56 26 — 43 — S2 343 73 U.S. Gov't securities 73,000 — — — — — 45,000 — 25,000 — 3,000 Total collateral 4,365,472 396,056 937,476 314,160 407,025 197,056 206,026 966,000 180,675 130,000 166,082 95,843 369,073 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis