H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STkTWiMT FOR THE PHESS Released for publication Board of Governors Friday morning, Aug. 21; of the Federal Reserve System not earlier August 20, 193&* # C011DITI0H OF FEDERAL RESERVE BAMS The daily average volume of Federal Reserve "bank credit outstanding during the week ended August 19, as reported by the Federal Reserve "banks, \ijas 000,000, unchanged from the preceding week, and practically the same as reported for the corresponding week in 1935« On August 19 total Reserve bank credit amounted to $2 ty?7t000t000» a decrease t of $20,000,000 for the week* This decrease corresponds with a decrease of $1^,000,000 in Treasury cash and deposits with Federal Reserve banks and an increase of $17t000,000 in monetary gold stock, offset in part by increases of $113,000,000 in member bank: reserve balances, $lH,000,000 in money in circulation and $5,000,000 in nomnenber deposits and other Federal Reserve accounts. Following the increase of 50 percent in reserve requirements of member banks, which became effective after the close of business on August 15, aggregate required reserves of member banks increased approximately $1,^70,000,000 during the week ended August 19 and excess reserves declined from approximately $3,170,000,000 on August 12 to about $1,810,000,000 on August 19# During this period member bank reserve balances with the Federal Reserve banks increased by $113,000,000 # The System*s holdings of bills discounted decreased $2,000,000 during the week* Relatively small changes were reported in holdings of purchased bills, industrial advances, and United States Government securities* Changes in the amount of Reserve bank crq&Lt outstanding and in related items during the week and the year ended August 19,^w§2®e as follows: Increase or decrease since Aug* 19 Aug* "12 Aug. 21 1936 1936 1935 (in millions of dollars) Bills discounted 6 -2 -1 Bills "bought 3 — -2 U. S- G-overavient securities 22,,443300 1 •» II Industrial advances (not including 23 million counitnen-js - August 19) 29 — — Other Ke serve "ban-; credit -11 -IS -8 TOTAL RESERVE BANS CHEDIT -20 -11 2,457 Monetary gold stock 10,678 +17 +1,409 Treasury currency- 2,499 +1 +78 Money in circulation 6,184 +i4 +610 Meraber ban!: reserve balances 6,229 +113 +933 ,Treasury cash and deposits with F,R. banks 2,625 -13b '-97 Honmember deposits and other F.B, accounts +107 597 ' +5 (B-SOl) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Augi 21,1936; not earlier* 3~8Gla ASSETS AND LIABILITIES OF TEE TWELVE FEDERAL RESERVE BASKS COMBINED (In thousands of dollars) Aug. 12,1936 Au^« 21,1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 8,255,038 8,225,038 6 U*H 513 f t Redemption fund - F. R. notes 13t070 13»720 20,705 Other cash . . 282,>+33 289>980 227,630 # Total reserves, . . . . . . . . .. 8,550,^1 8,528,738 6,689,81*8 Bills discounted: Secured by U.S.Gov't obligations, direct or fully guaranteed . . . 3,^05 5»552 316^*6 Other bills discounted . . . 3.072 2,311 3,460 6,kj7 Total bills discounted 7,863 7,106 Bills bought in open market 3,094 3,094 695 Industrial advances 28,662 28,782 29,284 U. S. Government securities: Bonds 32^,721 324,721 290,255 Treasury notes . . . l %6,719 1,496,719 1,602,284 f Treasury bills . . . 608,787 608,787 537 701 f Total U.S. government securities . 2,430,227 2,430,227 2,430,240 Other securities 181 181 — Total bills and securities . . .. 2,468,64l 2,470,147 2,471,325 Dae from foreign banks . . . . • • • •. 219 219 628 F. R notes of other banks . . . . . .. 21,540 23,348 18,490 # Uncollected items . . . . .. 589,851 5^8,183 479,811 Bank premises . 48,054 ^8,055 %,966 # All other assets k3 (m 1&.152 45,040 9 TOTAL ASSETS ll 722,^9Q 11,712,842 9,755*108 f L I A B I L I T I ES F. R. notes in actual circulation . 3,9SG Q55 3,983,473 3,340,983 # # f Deposits: Member bank - reserve account . . . . 6,228,518 6,116,084 5,291,497 # U S.Treasurer - General account . , 215,424 338,062 53,724 # # # Foreign bank . 90,126 36,438 22,802 Other deposits . .. 251,437 250,309 207,l6l Total deposits 6,785,505 6,790,893 5,575,181+ Deferred availability items . . 601,6l0 591,154 483,442 Capital paid in 130,169 130,177 146,730 Surplus (Section 7) 145,501 145,501 144,893 Sarplus (Section 13 b) . 27,088 26,513 22,621 # Reserve for contingencies 34,236 34,l4l 30,776 All other liabilities * 10,326 10,990 10,479 TOTAL LIABILITIES 11,722,490 11,712,842 9t755,108 Ratio of total reserves to deposit and F. R. note liabilities combined . 79.*$ 79#2$ 75*0$ # t # Commitments to make industrial advances . 23,271 23,394 24,779 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS MD LIABILITIES OF THE FEDERAL RESERVE BA1JKS Oil AUGUST 19, 1936 (In thousands of dollars) 3-g01b A S S E TS Total Boston Hew York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Sans.Cy. Dallas San Fran. Gold certificates on hand and due from u. S. Treasury 2,255,033 503,661 3,11+5,661 1+09,85!+ 61I+,997 276,61+2 228,572 1,6^1,681 221+.33S 190,92*+ 261,356 163,361+ 593.982 Redemption fund - F. R. notes 13,070 1,986 1,627 865 1+39 1*00 2,956 522 8l+0 199 922 367 1,9^-1 other cash 282,1+33 3*1,756 71,201 37,5^g 26,101 ll+,l+52 10,639 33,335 13,361+ 7,30*+ 12,65*+ 6.818 1U.261 Total reserves S,550,5^1 51+0,1+03 3,218,1+89 14*3,267 61+1,537 291,1+9*+ 21+2,173 i,675,5*& 238,51+2 198,1+27 27!+,932 170,5*6 6io,lS*+ Bills discounted: Secured "by U.S.Gov't obligations direct or fully guaranteed 3,1+05 116611 2,130 3 a 116600 137 30 — 75 — 23 226688 100 Other bills discounted 3,072 — 2,1+00 11 7*+ 1+5 — 21 — U5I+ 11 Total "bills discounted 6,1+77 161 l+,530 321 171 211 75 96 — 79 722 ill 3 ills bought in open market 3,09H 225 1,103 317 29I+ 121 108 386 S7 61 S7 S7 218 Industrial advances 28,662 3,09s 7,075 5,063 1,1+82 3,606 701+ l,30l+ 532 1,166 907 1,557 1,668 U. S. Government securities: Bonds 32l+,72l 21,607 88,263 28,217 31,507 17,101+ 1133,,11^^22 3388,,663300 1177,,336611 11,571 1166,,11++2255 12,502 28,392 Treasury notes 1,1+96,719 99,596 1+06,823 130,061 1*1-5,220 78,839 60,575 178,05!+ 80,018 53,331+ 75,703 57,628.. 130,863 Treasury "bills 603,737 110,510 105,1+7.5 52,902 59,063 32,067 21+.639 72,1+23 32,5**3 21,693 30,79^ 23.V40 53,228 Total U.S. Gov't securities 2,1+30,227161,713 660,561 211,130 235,795 128,010 93,356 239,107 129,927 36,593 122,927 93,570 212,1+33 Other securities 131 — — — — 131 — — Total "bills and securities 2,1+63,61+1 165,197 673,269 216,331 237,7^2 131,9**3 99,21+3 291,297 130,61+2 37,325 12l+,131 95.936 2ll+,l+30 Due from foreign "banks 219 17 82 21 21 10 8 26 1+ 3 6 6 15 F. R. notes of other banks 21,51+0 336 , ?,395 728 1,1+22 1,655 1,991 1,912 1,060 1,602 561 2,381+ Uncollected items 589,851 60,91+3 ll+i+,970 1+6,11+5 57,118 50,1+77 20,240 80,60*+ 2U,290 18,038 31,851 23,015 32,160 Bank premises 1+8,051+ 3,113 10,851+ 5,079 6,525 2,919 2,28l+ I+,S30 2,1+53 1,531 3.360 1,526 3,5*0 All other assets 1+3,61+1+ 1+71 32,910 3,389 1,721 1,112 1,^72 707 251+ 356 1+62 269 521 TOTAL ASSETS 11,722,^90 770,1+80 U,086,969 720,510 9^6,158 1+79,382 367,075 2,051+,999 398,097 307,21+0 ^36,39^ 291,862 863,32*+ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OF THE FEDERAL RESERVE BAMS ON AUGUST 19, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston Hew York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. F.R.notes in actual circulation 3,922,055 355,584 SIS,529 293,992 389,Sll 123,217 175,766 916,751 170,107 125,960 152,989 84,994 320,355 Deposits: Member bank - reserve account 6,22S,51S 309,102 2,733,685 329,260 433,375 20S,166 137,209 973,407 162,441 128,439 221,512 146,838 445,084 U.S.Treasurer - General account 215,424 11,1SS 30,426 s,s4o 20,770 16,598 14,792 26,s42 IS,812 18,379 16,513 18,479 13,785 Foreign bank 90,126 6,660 32,930 3,370 8,279 3,960 3,150 10,439 2,700 2,160 2,609 2,610 6,209 Other deposits 3,651 197.660 2,727 311^1 2,051 ?»964 281 1,996 2i,98S Total deposits 6,725,505 330,601 2,994,751 34s,a3 467,171 231,451 158,292 1,012,739 191,441 152,942 240,915 169,923 487,066 Deferred availability items 601,610 60,1+29 150,236 ^5,163 57,881 49,966 81,795 26,4is 19,132 32,689 25,963 32,308 Capital paid in 130,169 9,408 50,isi 12,221 12,573 4,724 12,136 — J 1 9 , 76 : 1 2,966 3,948 3,816 10,189 Surplus (Section 7) 1^5,501 9,902 50,825 13,4O6 14,371 5,186 5,616 21,350 .,655 3,1^9 3,613 3,783 9,645 754 Surplus (Section 13 b) 27,OSS 2,874 7,7^4 4,231 1,007 3,44s 1,391 546 1,003 1,142 1,252 1,696 Reserve for contingencies 3^,236 1,513 3,000 3,111 1,2S2 2*555 7,573 S94 1,442 s4o 1,328 1,8% All other liabilities 10,326 169 5,354 2S4 221 10S 216 1,264 m. 646 „ 25s 803 216 TOTAL LIABILITIES 11,722,490 770,480 4,086,969 720,510 946,158 479,382 367,075 2,054,999 398,097 307,240 436,394 291,862 863,32k Commitments to make industrial advances 23,271 2,704 9,o4l 2S2 1,379 2,313 282 77 1,745 91 394 512 4,451 MATURITY DISTRIBUTION1 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 discounted 6,477 4,53^ 600 463 256 623 Bills bought 3,094 SSO 122 283 1,809 U I . n S d . us G t o r v i e a r l n m a e d n v t a nc s e e s cu rities 2,43 2 0 8 , , 2 6 2 6 7 2 3 1 6 , , 4 9 7 5 2 6 81,01 2 6 9 4 87,4 6 5 s 2 4 66,S 79 l6 9 4 > 0 J 6 ' ,0 * 1 6 7 5 1,75 2 1 3 , , 9 5 7 4 0 s 1S1 Other securities 1S1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL EESEH7E NOTE STATEMENT Oil AUGUST 19, 193 6 (In thousands of dollars) B-SOld Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 3T©CLGI*9»1 HSSQI'VS notos* Issued to FJt.bankby F.R.Agent >+,297,^0 378,916 923,755 311,^6 Hll,331 195,316 19^,935 959,172,925 130,15^ 165,^7 95,273 361,091 Held by Federal Reserve bank 309,'455 23,332 105,226 17,50** 21,520 12,099 19,l69 3^,090 S,S18 M91* 12,^S 10,279 ^,73^ In actual circulation 3,9SS,055 355,SIS,529 293,992 3S9.SH 1S3.217 175,766 916,751 170,107 125,960 152,939 sU,99U 320,355 Collateral held by agent as security for notes issued to bank: Gold certificates on hand and s. due fromu. Treasury ^,301,333 396,000 935,706 31^,000 HiU,ooo 197,000 i6i,ooo 966,000 155,632 132,000 165,000 96,000 369,000 Eligible paper 5,03S l6l 3,1^6 321 171 211 75 — 96 — 7^ 672 111 U. S. Gov't securities 73,000 — — — ^5,000 — 25,000 ~ 3,000 Total collateral 379,376 396,161 93S,S52 31^,321 197,211 206,075 966,000 ISO,72s 132,000 16s,ojh 96,672 369,111 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis