H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Penn F. E. 283 STATEMENT FOR THE PRESS Released for publication Board of Governors Friday morning, July 6j of the Föderal Reserve System not earlier. July 5» 19^5 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 3 member bank reserve balances decreased $38,000,000. . Reductions^in $ember bank reserves' resulted from a decrease of $50.000,000 in "gold“ stock and an increase of $206,000,000 in money in circulation, offset in part by art increase of $38,000,000 in total reserve bank credit and de­ creases of $131.000,000 in nonmember deposits and other Federal Reserve accounts, $29,000,000 in Treasury cash and $20,000,000 in Treasury deposits with Federal Reserve Banks. .Excess reserves "of member banks on July 3 were estimated to be approximately $1,700,000,000. Holdings of¡loans, discounts and advances decreased $164,000,000, while holdings Of United States Government securities increased $52,000,000. The increase in holdings of United Stages Government securities reflects increases of $128,000,000 in certificates and $1,000,000 in notes and a decrease of $76,000,000 in bills. Changes,in member bank reserve balances and related items during the week and the year ended "July 3, 19^5# were as follows* Increase or decrease since July 3» 27, July 5» I9j45 . 19^.5 19U* (In millions of dollars) U, S, Government securities 21,71*5 +.52 + 7,007 Loans, discounts and advances 42 " - 164 + 9 Other Reserve Bank credit * 46i + 149 + 1Ì4-7 Total Reserve Bank credit 22,249 + 38 ♦ 7,164 Gold stock 20,213 50 920 - Treasury currency MU5 + 1 + 38 Member bank reserve balances là,722 - ,38. + 1,735 Money in circulation 26,834 + 206 .+ li,236 Treasury cash 2,285 - 29 11 Treasury deposits with F, R, Banks 667 - 20 + 448 Nonmember deposits and other F. R. accounts 2,097 -.131 - 128 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

9 5 Form'F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 3, I Ù (In thousands of dollars) L I A B I L I T I E S . Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,101,373 1467,824 5,116,8191520,243 2021,173151*9,0471368,3091*223,337 970,680 503,732 853,151* 5*1,719 2925,286 Deposits: Member bank-reserve acct. 14,722,283 675,61*6 4,710,985 71*4,819 111*8,833 659,276 66!*,9l*8 2l50j218 536,872 339,1*17 713,31*1 661,576 1716,352 U.S.Treasurer-general acct. 667*U08 64,916 218,921 . ,35,91*3 39,127 26,558 24,337 65,138 21,773 22,968 18,809 24,81*8 104,150 Foreign 1,206,699 79,980 i/l*63»804 102,159 100,998 1*8,757 40,631 150,916 31*, 827 26,701 31*, 827 31*, 827 88,272 Other 440,1$0 6,531* 269,942 4,988 39,61*9 10,539 5,1*33 35,840 14,808 5,951* 1,785 2,077 1*2,51*1 Total deposits 17,036,620 827,076 5,663,652 887,909 1328,607 71*5,130 735,31*9 2402,112 608,340 395,o4o 768,762 723,328 1951,315 Deferred availability itejns 1,467,000 121,894 ' 265,643 78,600 155,576 128,378 93,626 224,417 60,837 32,093 91,504 66,118 148,311* Other liabilities including accrued dividends 7,712 691 1,398 560 836 417 321 1,239 31*5 298 403 486 718 TOTAL LIABILITIES 41 612,705 3506,192 2422,972 2197,605 64 2 2 931,163 1713,823 1371,651 5025,633 , 2417,485 13,047,512 2487,312 6851,155 i o , o Capital paid in 170,053 10,288 6o,464 12,750 17,021 6,812 6,145 20,367 5,1*68 3,696 ' 5,509 5,724 15,809 Surplus (Section 7) 228,153 15,239 84,903 19,872 19,071 7,813 7,936 33,201 7,048 1*,950 6,196 6,025 -15,899 Surplus (Section 13^} 27,165 2,880 7,H*3 4,468 1,007 3,290 762 1,429 527 1,073 1,137 1,307 2,142 Other capital accounts 107,819 6,442 23,267 7,631 12,116 6,898 5,987 15,650 5,l*oo 4,31*7 _ 5,242 1*»555 10,234 TOTAL LIABILITIES AHD CAPITAL ACCOUNTS 42,145,895 2452,331* 11,223,289 2532,083 3555,1*07 2447,785 2218,435 6921,802 1658,645 945,229 1731,907 1389,262 5069,717 C ornrni tments 16 make industrial loans 1*,972 225 — 3,356 — 300 — 376 50 — — 200 1*65 F. R. notes outstanding 23,750,51*1 11*97,1*60 5,264,231 1563,731* 2063,018 1582,874 1409,70s 4295,865 1014,386 512,990 874,736 606,771* 3064,265 Collateral for F. R* notes held by F#R#‘Agents: Gold certificates 10,836,000 620,000 3,220,000 523,000 615,000 525,000 620,000 2250,000 300,000 190,000 280,000 164,000 1524,000 Eligible paper 30,784 : 930 23,114 l,4 o o — 315 — — 4,700 — , . ■ 325 — — U. 8.Govt, securitieg 13,237,981* 900,000 2,100,000 1050,000 1450,000 1075,000 800,000 2075,000 302,984 325,000 600,000 460,000 1600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to 61 to 9I days to 6 months 1 to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advanaes 38,884 29,185 3,505 2.,050 5,llà _ _ — Industrial loans 3,203 2,065 11 30 7 529 331* 107 120 — U.S. Gove mment r securities 21,745,340 . 2,665,895 3,238,583 4,995,129 4,669,720 616,850 4,030,371 273,800 507,652 71*7,31*0 1/After deducting $740,649,000 participations of - other. FederaJ. Reserve .Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 263a Released for publication Friday iAorning, July 6,1914.5» n°t earlier* STATEMENT OF CONDITION OF THE TWELVE FEDSRAL RESERVE BANKS COMBINED , ( In thousands of dollars) Increase or decrease since July 3, Jupe 27, July §, 1QU5 19^5 A S S E T S Gold certificates 17,3U1i,215 - 62,995 -1,207,660 Redemption fund for F, R. notes 710,302 + 10,91*1* + 292,852 Total gold certificate reserves 18,05^,517 - 52,051 - 911*, 808 Other cash- 201,711 - 11*. 81*3 - 69,5U5 Discounts and advances 38,881* -163,585 + 16', 889, Industrial loans 3,203 90 7,9^2 U. S. povt, securitiesj Bills 12,895.737 - 76,381 +1*, 186,1*55 Certificates 6,052,011 +128,000 +2,670,021 Iiotos 1,681*,950 + 1,000 + 502,1*15' Bonds 1,112,61*2 -- - 35l»l*5l* Total U; S. Government securities 2i,7U5,3Uo + 52,619 +7,007,1*37. Total loans and securities 21,787,1*27 -111,056 +7,016.381* Due from foreign .banks 110 mmmrn 26 F. R. notes of other banks 83.1*86 797 + 6,672 Uncollected items 1,928,090 + 96,668 + . 361*; 001 Bank premises 3U,055 39. > 61*9 Other assets 56,1*99 + 1,052 - 1*.637 TOTAL ASSETS 1*2,11*5,895 - 79.066 +6,397,392 •L I A B I L I T I E S Federal Reserve notes 23,101,373 +158,752 +1*, 129,710 Deposits s Member bank-reserve account 11*, 722,283 - 37,707 +1,735,370 U. S-, Treasurer-general account ' 667,1*80 - 19,799 + * 1*1*8;21*0 Foreign 1,206,699 - 90,967 - 263,809 Other 1*1*0,150 - 36,232 + 1*9-, 622 Total deposits 17,036,620 -181*,705 +1,969,1423 Deferrbd availability'items 1,1*67,000 - 50,033 + ”217*209 Other liabilities including accrued dividends 7,712 - 5.069 + 733 TOTAL LIABILITIES m, 612,705 • 81,055' •+6-, 317 *07 5 C a P I T A -L A C C O U N T S Capital paid in 170,053 + 599 + U.313 Surplus (Section 7) 228,153 — + 1*0,056 Surplus ( section 13b) 27,165 •+ ■ -200 Other capital acc.ounts 107,819 + 1,390 + , 28,71*8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*2,11*5,895 - 79,066 +6,397,392 Ratio of gold certificate reserves to deposit and F, R. note liabilities combined 1*5. Ofo. - ,1% - 10.7# Commitments to make industrial loans U.972 1*19 + 1,007 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283^ STATEMENT OF'CONDITION OF THE FEDERAL RESERVE BANKS ON JULY 3, 191+5 ( In thousands of dollars) A S S E f S Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn, Kans.Cy. Gold certificates 17,3W+,215 752,530 5,275,536 783,362 1136,367 798,650 9li+,212 31*02,281* 513,327'305,51+7 5>2,797 Redemption fund for * F. R# notes 710,302 1+5,979 111,569 52,886 72,781 55,39i* 1+0,753 121+,1+95 38,672 16,21*6 31,861* Total gold certificate reserves 18,051+, 517 798,509 5,387,105 836,21+8 1209, 11+8 85l+,ol+l+ 951+.965 3526,779 551,999 321,793 561*, 661 Other cash 201,711 17,969 28,719 17,566 21,31+5 13,971 17,816 2l+,808 9,132 1+,1+1+5 11,738 10,239 23,963 Discounts and advances 38,881+ 930 23,111+ 1,1+00 25 315 - - 8,000 l+,700 325 75 Industrial loans 3,203 128 7 2,318 85 ---- 275 — 15 375 U. S. Govt, securities: Bills 12,895,737 856,0+6 3,128,697 872,399 1277,198 860,596 61*3,307 139l+,9li2 561,61*2 33l+,22o 632,859 Certificates 6,052,011 1+25,192 1»503,519 1+57,713 577,1+1+3 380,218 323,795 787,376 305,885 161,029 279,391 Rotes l,68l+,950 118,378 1+18,595 127,1+33 160,768 105,857 90,11+8 219,211+ 85,162 l+l+,833 77,786 Bonds 1,112,61*2 78,170 276,1*16 8l+,ll+9 106,162 69,902 59,528 ll+l+,756 56,236 29,605 51,365 Total U. S* Government securities 21,71+5,31+0 11*78,386 '5,327,227 151+1,691+ 2121,571 11+16,573 1117,278 301+6,280' 1008,925 569,687 101*1,1*01 836,1*35 2239,825 Total loans and securities 21,787,1*27 11*79,bhk 5*350,31+8 151*5,1+12 2121*596 11*16,973 1117,278 305l+,563 1013,625 569*687 lol+l,7l+l .836,560 221*0,200 Due from foreign banks 110 7 1/ l+o 10 10 5 1+ 11+ 3 3 3 3 8 F.R. notes of other banks 83,1*86 6,007 15,580 1+,195 i+,'1+30 l+,873 8,015 8,705 5,287 2,621* 5,621' 3,572 li+,577 Uncollected items 1,928,090 11*1*, 686 1+20,051+ 121,267 189.589 151,1+58 115,632 295,290 73,561 1+3,963 102,925 79,9^2 189,723 Bank premises 3I+, 055 1,582 8,781+ 3,385 l*,ol+5 2,818 1,590 3,139 2,086 1,239 2,626 859 1,900 Other assets 56,1+99 1+, 130 . . 12,659 l+,000 5,21+1+ ,. . 3,61+3 3,135 8,501* 2,950 1,1+75 2,592 2,1+85 5,682 TOTAL ASSETS 1*2,11*5,895 21*52,331* 11,223,239 2532,033 3555,1+07 21+1*7,785 2218,1+35 6921,802 1658,61+5 9h5,22g 1731,907.' 1389,262 5069,717 l/ After deducting $70,000 participations of other Federal Reserve Banks Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis