H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Form F. R. 283 STATEMENT FOR THE PRESS Released for. publication Board of Governors Friday morning, Feb. 22; of the Federal Reserve System - not earlier. February 21,191*6 CONDITION'OF THE FEDERAL RESERVE BANKS During the week ended February 20, member bank reserve balances decreased $203,000,000. Reductions in:member bank reserves resulted from a decrease of $11*6,000,000 in Reserve'Bank credit and increases of $76,000,000 -in Treasury deposits with Federal Reserve Banks, $62,000,000 in nonmember deposits and other Federal Reserve accounts and $17,000,000 in Treasury cash, offset in part by increases of $76,000,000' in gold stock and $10,000,000 in ,Treasury currency and a decrease of $12,000,000 in money in circulation. Excess reserves of member banks on February 20 were estimated to be "approximately $1,060,000,000. Holdings of. loans, discounts and advances decreased $59*000,000 and United States (government securities $236,000,000. The decrease in holdings of United States/ ^curi^e13 reflects de creases of $250,000,000 in certificates and $23,000,000 in notes and an increase of $37,00 ),000'in-bills. Changes in member bank reserve balances and related items during the week and the year ended February 20, I9J4.6, were as follows: Increase or decrease since Feb. 20, Feb. 13, Feb. 21, 191*6 191*6 191*5 (In millions of dollars) U. S. Government securities 23,017 236 + 3,786 Loans, discounts and advances 35)4 - 59 + 56 0th-r R.;servo Bank credit 1*15 + 1U7 - 59 Total Reserve Bank credit 23,787 1U6 + 3,781* Gold stock 20,233 + 76 - 273 Treasury currency h,h3h + 10 + 310 Member bank reserve balances 15,1*90 - 203 + 1,1*91 Money in circulation 27,955 - 12 + 2,303, Treasury cash 2,318 4* 17 - 66 Treasury-deposits with R#i Banks 9^*0 + 76 + 1*23 Ivonmeiriber deposits and other F. R* accounts 1,751 + 62 - 331 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

F. R. 283c STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON FEBRUARY 20, 191*6 (In thousands of dollars) L I A B I L I T I E S Total Boston Kevtf York Phila. Cleve• Rich. Atlanta Chicago St.Louis Minn. kans .Cy. Dallas SanFran. Federal! Reserve notes 2h, 151,091+ li+51,085 5,285,235 l 6ll*,656 201+8,281 1695,171* 11*50,556 1*393,255 101*6,963 ;5i*8,155 898,275 600,978 3118,501 Deposit?: Member bank-reserve acct. 15,1*90,106 677,971 i*,835,663 761*,516 1133,91*8 •697,729 738,1*65 2207,001 591,522 379,287 758,800 723,595 1976,609 U.S.Treasurer-general acct 9h0 M 9 89,619 251,567 81,726 9k,5 21 1*2,876 1*0,535 126,537 33,628 1*0,019 33,102 39,521+ 66,795 Foreign 808,1*82 1*9,769 l/29l*,370 63,912 71,613 36,191 29,261 103,181* 26,181 19,251 25,1*H 2k,6kl 61+,698 Other .1*26,179 I*, 610 .35I* ,1*05 3,158 9,626 2,71*6 3,036 3,582 10,056 1*,35 9 1,91*0 i,ol*3 1*7 ,618 Total deposits 17,665,216 821,969 5,716,005 913,312 1309,708 779,51*2 811,297 21*1*0,301+ 661,387 1*1+2,916 819,253 795,803 2155,720 Deferred availability items1 1,787,810 11*7,136 ‘ 359,687 112 ,771 I69,202 128 ,661 133,958 252,187 78,861 33 ,676 97,089 75,016 1914,566 Other liabilities including accrued dividends 10,133 517 2,1*90 51*9 972 531 h 31 2,065 380 1*96 1+02 365 935 TOTAL LIABILITIES 1*3,6m ,253 21*20,707 11,363^*17 261*1,288 3528,165 2603,908 2396,21*2 7087,311 1787,591 1030,223 1815,019 11+70,162 51*69,722 Capital paid in I80,lli2 10,731 63,985 13,1*22 18,090 7,1+08 6,661+ 210+68 5,71*5 3,935 5*925 6,256 16,515 Surplus (Section 7) 358,355 22 0*39 116,860 28,91*6 33,71*5 15,593 ll+,U50 53,029 12,939 8,869 11,891 10,670 28,921+ Surplus (Section 13b) 27,1*28 3,012 . 7,205 14,501 1,007 3,326 762 1,1*29 527 1,073 1/137 1,307 2,11+2 Other capital accounts 37,365 2,863 5,1*77 2,956 3,257 2,931 2,682 1*,239 2,272 2,0ll+ 2,3148 2,321 3,955 TO’TAL LIABILITIES «ED CAPITAL ACCOUNTS kh, 217,51*3 21+59,752 11,556,91*1* 2691,113 3581*,262 2633,166 21+20,800 7168,026 1809,0714. lt)l+6,lll+ 1836,318 11*90,716 5521,258 Commitments to make industrial loans 1,559 161* ---- 638 300 2^0 — — — — 173 79 F. R. notes outstanding 25,203,1*06 1509,81*8 5,50? ¿68 1692,055 2135,101 1777,1*19 1516,2U* 1*502 ,u*7 l loi* J+8 6 560,393 936,563 61*3,888 3317,071* Collateral for F. R. notes held by p. Rm agents: Gold certificates 10,85l* ,000 i+60 ,000 3,520,000 500,000 635,000 600,000 655,000 1720,000 300,000 165,000 280 ,'000 169,000 1850,000 Eligible paper 230,925 19,255 11*5,310 16,865 5,800 — — 10,000 17,500 15,175 — 1,020 U. S. Govt, securities 15,213,879 1100,000 2,000 ,000 1200,000 1550,000 1225,000 900,000 2800,000 938,379 1*00 ,000 700,000 500,000 1900,000 MATURITY DISTRIBUTION OF LOANS Ai:D SECURITIES Within l6 to 31 to 61 to . 91 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 advances 352,610 258,1*20 26,890 7,060 60,2i*t> ---- ---- ---- ---- ---- Industrial loans 1 »75U 1,561* 7 1*7 3 21 83 13 11 ---- U. S. GOvt. securities 23,017,338 3,792,859 2,151 ,130 5,353,316 l*,5lil;,801 l,>801,792 1+,325,700 360,000 690,690 l/ After deducting $513»608,000 participations of other Federal•Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. K. ¿83& Released for publication. Friday morning, February 22,191*6; not earlier, STATEMENT OF CONDITION( OF THE TiTfflLVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since Feb;. 20, Feb. 15, Feb. 21, I9l|ó I9U6 191*5' A S S E T S Gold certificates 17,21*8,560 + 59,995 - 1*1*5,305 Redemption fund for R. notes 794,1*10 + 2 + 168,337 Total, gold certificate* reserves 13,01*2,970 + 59,997 - 276,968 Other cash ^ 31|S,732 + 1,721* + 82,073 Discounts and advances 352,610 - 56,1*05 + 56,555 Industrial loans 1,751; + 5 2,229 U. S# Govt, securities: Bilis 13,097,535 + 57,151 +1,1*81,151 Certificates 7.59U.211 -21*9,500 +2,677,071 Notes 1,378,700 - 25,000 - 161,021 Bonds 91*6, G92 -- - 191,160 Total U„ S. Government secui Ities 23,017,336 -255,31*9 +3,766,021 Total loans and securities 23,371,702 -293,751 +5,81*2,51*7 Due from foreign banks 110 ... 6 F„ R. notes of other banks ' 153,913 + 16,21*5 • + .80,997 Uncollected items 2,205,086 +21*9,65U' + 219,1+26 Bank premises 33,281* 22 1,171* Other assets 63,7U6 + 9l*0 1,025 TOTAL ASSETS 1*1* ,217,51*5 +31.735 ' ' +3, :9l*5,670 L I . - u B I L I ' T I E S Federal 'Reserve notes 21*, I5I/O9IJ. - -3,914!* +2 ,»085,931* Deposits: Member bank - reserve account 15,1*90,106 -202,996 +1,1*90,876 U* S.Treasurer - general account 91*0,1*1*9 + 76,1*09 + 1423 , 676 Foreign 808,1*62 + 56,61*9 . - 1*82,710 Other h26,179 + 2,867 + 15,283 Total deposits 17,665,216 - 65,072 +1,1477,329 Deferred availability items 1,787,610 ■ +102,01*8 + 278,026 Other liabilities including accrued • dividends 10,133 ' 181 + 1,325 TOTAL LIABILITIES 1*5,611*, 2 55 +. 32,851 +5,81+2,611* C P I i A L ACC 0 U N I S Capital paid in 180,11*2 + 177 + 13,927 Surplus (Section 7) 353,355 — + 130,202 Surplus (Section 13b) 27,1*28 — + 263 Other capital accounts 37,365 + 1*757 - Í4l,336. TOTiiL LIABILITIES aND CAPITAL ACCOUNTS £5,217, 51*5 + 3u,755 +3,91*5,670 Ratio of gold certificate reserves to deposit and '?.R. note liabilities combined 1*5.1% + ,2% 1*.8% Commitments to make industrial loans i,559 22 1,825 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Form F. R. 283b STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BANKS ON FEBRUARY 20,191*6 (In thousands of djliars) A S S E T S Total Boston New York Phila. , Cleve. Rich. Atlanta Chicago St.Louis Minn* Kans.Cy. Dallas SanFran, Gold certificates 17,21*8,560 750,252 5,368,167 818,533 1105,002 881,977 995,661 2833,521* 557,107 325,692 565,278 1*57,326 2600,151 Redemption fund for F.R. notes 795,510 58,978 108,121 60,825 77,768 62,661* 55,128 155,052 52,922 20,119 35,177 26,086 111,580 Total gold certificate reserves N '• . 18,01*2,970 809,230 5,576,288 879,358 1182,770 955,651 ioi*o,789 2978,1*66 590,029 355,811 600,555. 583,512 2711,721 Other cash 358,732 32,971 70,01*2 23,165 ■ 31,366 26,63I* 29,075 55,350 16,537 5,370 17,?72 11,323 50,238 Discounts and advances 352,610 21-,815 158,630 20,185 30,705 7,680 5,820 56 760 11,360 18,500 16,595 1,280 5,380 Industrial loans 1,755 101 — 1,611* -- 39 — — — — -- — — U.S. Govt, securities: Bills . 13,097,535 756,053 2,831,895 865,150 1158,558 829,572 665,266 21*52,881 599,583 358,352 598,085 1*59,911 1553,350 Certificates 7,595,211 518,982 1,913,577 573,779 721,135 575,350 393,085 975,629 373,813 206,172 369,636 332,772 750,292 Notes 1,378,700 95,219 357,502 10I*, 166 130,919 86,297 71,363 177,122 67,865 37,530 67,107' 60,513 135,397 Bonds • 956.892 .65.710 238.596 . 71.55.1 ,.. 89.915 59.263 .59.012 121.61*7 1*6.610 25.707 56.089 51.592 92,3.05 Total U.S.Government ' securities 23,017,338 1533*965 5,331,569 1611*,626 2100,1*26 1550,578 1177,726 3717,279 1087,871 617,661 1080,9.17 395,533 2510,333 Total loans and securities 23,371,702 11*55,880 5,590,099 1636,1*25 2131,131 11*53,197 1182,556 3775,039 1099,231 636,161 1097,512 895,863 2511*,713 Due from foreign banks 110 7 1/ 37 9 10 5 5 15 • -1* - 3 5- * 3 9 F.R.notes of other banks 153*913 5,209 19,016 3,758 9,301 55,526 12„773 11,800 7,285 5,589 • 6,865 5,351 25,052 Uncollected items 2,203,086 150,898 578,336 150,699 219,075 152,335 150,590 357,062 90,290 52,299 108,195 91,597 221,712 Bank prend ses 33,281* 1,358 8,656 3,289 • 3,970 . 2,762 1,565 3,111 . 2,053. . 1,262 . 2,585 • 826 1,857 Other assets 63,756 5,209 15,570 5,520 , .6,61*0 l+,o66 3,559 .8,185 .3,655 : .1,719 3,131 2,056 6,956 TOTAL ASSETS 55,2i7,553"2559v752 11,556,91*2* 2691,113 3581*,262 2633y 166 21*20,300 7168,026.1809,075 101+6,ill* 1836,3:13 11*90,716 5521,250 l/ After deducting $73.000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis