H.4.1 Factors Affecting Reserve Balances of Depository Institutions

STAEEOTT FOR THE PRESS Released for publication Board of Governors Friday morning, Aug. 2G; of the Federal Reserve System not earlier, August 27, 193^. COITDITIOIT OF FEDERAL RESERVE BATES The daily average volume of Federal Reserve bank credit outstanding during the week ended August 26, as reported "by the Federal Reserve banks, was $2,1+72,000,000, a decrease of 000,000 compared with the preceding week and of $2,000,000 compared with the corresponding week in 1935• On August 26 total Reserve bank credit amounted to $2,^65,000,000, an increase of $C,000,000 for the week* This increase corresponds with an increase of :pl03j000,000 in member bank reserve balances, offset in part by decreases of ^72,000,000 in Treasury cash and deposits with Federal Reserve banks and $5,000,000 in nomiember deposits and other Federal Reserve accounts and by increases of $17,000,000 in monetary gold stock and $2 000000 in Treasury currency. Member 5 f bank reserve balances on August 26 were estimated to be approximately $1,S90,000 000 in excess of legal requirements« 5 Relatively small changes were reported in the System1s holdings of bills discounted, 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 26, 1936, were as follows: Increase or decrease since Aug. 26 Aug* 19 Aug, 28 1936 1936 (in millions of dollars) Bills discounted 7 +1 -2 Bills bought 3 -2 U. S» Government securities 2.U30 — — Industrial advances (not including 23 million commitments - August 26) 29 Other Reserve bank credit +7 -1 TOTAL RESERVE BAM CREDIT +S -6 2,k65 Monetary gold stock 10,635 +17 +1,^98 Treasury currency 2,501 +2 +93 Honey in circulation 6,1^4 ~ —. +611 Member "baiik reserve balances 6,332 +103 +9S6 Treasury cash and deposits with F.R banks 2,553 -72 -130 ITonmember deposits and other F»R, accounts 592 -5 +119 (B-801) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Released for publication Friday morning, Aug. 28,1936; not earlier. 3-Sjla ASSETS A1JD LIABILITIES OP THE TmVE FEDERAL RESERVE BAMS COMBIHSD (In thousands of dollars) Aug. 26,1936 Aug. 19,1936 Aug. 28,1935 A S S E TS Gold certificates on hand and due from U. S. Treasury 8,274,032 S,255,038 6,482,231 Redemption fund - F. H. notes 14,070 13,070 20,407 Other cash 282.936 282,433 227,124 Total reserves 8,571,038 8,550,541 6,729,762 Bills discounted: Secured by U.S.Gov't obligations, direct or fully guaranteed 3.638 3,405 5,423 Other bills discounted 3,600 3,072 3,986 Total bills discounted 7.238 6,1+77 9,409 Bills bought in open market 3,095 3,09*1 4,685 Industrial advances 28,554 28,662 29,447 U. S. Government securities: Bonds 324,721 324,721 290,316 Treasury notes 1,496,719 1,496,719 1,618,35*+ Treasury bills 608,787 608,787 521,661 Total U. S. Government securities . . . 2,430,227 2,430,227 2,430,331 Other securities 181 181 Total bills and securities 2,469,295 2,468,64l 2,473,872 Due from foreign banks 219 219 640 F. R. notes of other banks 25,093 21,540 21,196 Uncollected items 528,322 589,851 443,2% Bank premises 48,055 48,054 49,96b All other assets 43,586 43,644 46,350 TOTAL ASSETS 11,685,608 11,722,490 9,765,051 L I A B I L I T I ES F. R. notes in actual circulation . . .. 3,993,664 3,988,055 3,352,057 Deposits: Member bank - reserve account 5,331,502 6,228,518 5,346,437 U.S.Treasurer - General account . . .. 14-3,424 215,424 49,877 Foreign bank . . 98,174 90,126 19,122 Other deposits 238;258 251,437 193.429 Total deposits 6,811,358 6,785,505 5,608,865 Deferred availability items 532,971 601,610 447,201 Capital paid in 130,170 130,169 l46,74l Surplus (Section 7) 145,501 145,501 144,893 Surplus (Section 13 b) 27,088 27,08"8 22,621 Reserve for contingencies 3^,235 34,236 30,775 All other liabilities 10,621 10,526 nggg t TOTAL LIABILITIES 11,685,608 11,722,490 9,765,051 Ratio of total reserves to deposit and F. R. note liabilities combined . . .. 79.3$ 79.4$ 75.1$ Commitments to make industrial advances . 23,365 23,271 26,313 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS AND LIABILITIES OE THE FEDERAL RESERVE BANKS Oil AUGUST 26, 1936 (In thousands of dollars) B-SOlb A S S E TS Total Boston lew York Phila* Cleve Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran, # Gold certificates on hand and due from U. S. Treasury S f 27M32 b3S 9 5Gk 3,23^,773 ^11,750 613,895 276,856 221,939 1 , 5 9 ^3 214,726 13*1,033 26l,922 16^,65*! 592,017 Redemption fund - E. R. notes l^070 1,986 1,627 86s 939 900 2,95^ 528 8U0 199 922 3^7 1,9*+1 f Other cash 282,936 3^,555 72,122 36,254 25,916 15.182 10,061 33,9^ 13,536 7*166 13>3^7 7>0^1 13>772 Total reserves 8,571,03s 535,105 3,308,522 ^+8,869 6)40,750 292,93s 23^,956 1,633,315 229,162 191,39s 276,231 172,062 607,730 Bills discounted: Soured "by U.S,Govft obligai direct or fully guaranteed 3,638 66 2,2$k 311 280 137 30 — 75 — 32 293 120 Other oills disco-unted 3,600 50 2,905 —"» 11 93 54 — 21 — 37 4is 11 Total hills discounted 7,23s 116 5,199 311 291 230 84 — 96 — 69 711 131 Bills bought in open market 3,095 226 1,103 317 294 121 108 386 87 61 87 218 Industrial advances 28,554 3,100 7,100 5,072 1,480 3,601 602 1,788 532 1.152 903 1,55 H 6 1,668 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 ,1196,719 99.596 406,323 130,061 145,220 78,839 60,575 178,054 80,018 53,334 75,708 57,62s 130,863 Treasury bills 603,787 40,510 165,475 52,902 59,068 32,067 24,639 72,423 32,548 21,693 30,79^ 23,440 53,228 Total TJ.S» Gov!t securities ,1+30,227 161,713 660,561 211,180 235,795 128,010 92,356 289,107 129,927 86,598 122,927 33,570 212,483 Other securities 1S1 — — — — — — — — — 181 — — Total "bills and securities >69,295165,155 673,963 216,880 237,860 131,962 99,150 291,281- 130,642 87,811 124,167- 95,924 214,500 Due from foreign banks 219 17 83 21 20 10 8 26 4 3 6 6 15 F.R # notes of other banks 25,093 346 9,185 738 1,553 1,958 1,615 1.697 1,550 1,350 1,270 922 2,909 Uncollected items 528,322 5^,711 124,256 40,854 50,980 46,919 17,999 72,335 21,739 17,1^1 285,262 6,260 26,602 Bank premises 1+8,055 3,113 10,854 5,079 6,525 2,919 2,284 4,831 2,453 1,531 3,360 1,526 3,580 All other assets 43,58b 384 33,655 3,316 1,616 1,128 1,382 559 218 319 37? 233 399 TOTAL ASSETS 11,685,60s 758,831 160,518 715,757 939,30^ ^77,83^ 357,39^ 2,oo^oUU 325,7^8 299,553 ^33,937 296,933 255,735 f Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ASSETS A1JD LIABILITIES OP THE FEDERAL RESERVE BAMSO H AUGUST 26, 1936 (In thousands of dollars) B-SOlc L I A B I L I T I ES Total Boston Hew York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas San Fran. 3,993,661* 354,957 217,210 294,232 394,364 186,230 175*742 916,436 168,s45 125,765 154,040 85,005 320,788 P.R.notes in actual circulation Deposits: Member "bank - reserve account 6,331,502 306,793 2,844,247 332,791 440,496 210,070 137,639 939,439 161,437 126,788 229,974 150,961 450,867 U.S.Treasurer - General account 143,424 6,626 31,27s 5,146 8,223 13,9^3 8,264 16,71s 11,363 14,299 7,981 14,397 5,186 Foreign bank 9S,17^ 7.274 35,759 9.1^1 9,043 4,325 3,440 11,402 2,949 2,359 2,850 2,850 6,782 Other deposits 238,258 4,061 187,104 ^,304 2,662 2,183 2,015 7,458 4,146 261 2,124 20,111 Total deposits 6,811,35s 324,754 3,098,388 343,907 462,066 231,000 151,526 969,574 183,207 147,592 241,06167 0,332 432,946 Deferred availability items 532,971 55,237 121,289 39/400 51,544 45,825 16,770 7^,323 23,573 16,972 29,119 30.5S2 23,337 Capital paid in 130,170 9,409 50,181 12,221 12,575 4,724 4,246 12,136 3,762 2,955 3,951 3,816 10,194 Surplus (Section 7) 145,501 9,902 50,825 13,406 14,371 5,186 5,616 21,350 4,655 3,1^9 3,613 3,723 9,645 Surplus (Section 13 "b) 27,088 2,874 7,744 4,231 1,007 3,44s 754 1,391 546 1,003 i,I42 1,-252 1,696 Reserve for contingencies 34,235 1,513 8,849 3,000 3,111 1,281 2,555 7,573 S94 1,442 84o 1,328 1,849 All other liabilities 10,621 135 6,032 310 266 l4o 135 1,261 286 675 166 S35 230 TOTAL LIABILITIES 11,685,608 75s,831 4,160,51s 715,757 939,304 477,834 357,39^ 2,004,044 385,76s 299,553 433,937 296,933 355,735 Commitments to make industrial 391+ 509 4,517 advances 23,365 2,69s 9,020 274 1,380 2,311 3S1 49 1,7^5 S7 MATURITY DISTRI3UTI01! OF BILLS AM) SECURITIES 91 days to Total Within 15 days lo to 30 days 31 to 60 days 6l to 90 days 6 months Over 6 months I, Bills discounted ?3S 5,320 803 381 l4l 592 1 Bills bought 3,095 978 1,598 495 24 Industrial advances 28,554 1,493 297 750 711 1,900 23,403 ti. S. Government securities 2,430,227 37,930 G(~i Io—, 786 79,282 72,006 395,877 1,759,3^6 0nher securities 181 181 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE NOTE STATEtCEHT OH AUGUST 26, 1936 (In thousands of dollars) 3-S01d Total Boston Hew York Phila. Clove, Rich. Atlanta Chicago St.Louis Minn. Ilans.Cy. Dallas San Fran. Federal Reserve notes: issued to F.R.bani: "07 F.R.agent 4,302,908 379,192 918,143 310,940 416,79s 198,933 196,399 950,07s 178,063 130,363 l63,721+ 9^,919 365,350 Held by Federal Reserve hanlc 309,244 24,24l 100,933 16,65s 22,434 12,703 20,657 33,642 9,218 4,598 9,684 9,9l4 44,562 In actual circulation 3,993,664 35^,957 S17,aG 294,232 39^,364 186,230 175,7^2 916,436 16s,845 125,765 154,040 85,005 320,728 Collateral held "by agent as security for notes issued to "bank: Gold certificates on hand and due from U.S. Treasury 4,306,338 396,000 935,706 312,000 419,000 199,000 l6l,000 966,000 155,632 132,000 165,000 96,000 369,000 Eligible paper 5,777 l l6 3,791 311 291 230 85 — 96 — 65 S6l 131 U. S. Gov't securities 73,000 -- -- 45,000 — 25,000 3,000 Total collateral 4,385,115 396,116 939,497 312,311 419,291 199,230 206,085 966,000 180,728 132,000 168,065 96,661 369,131 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis