H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE* FEDERAL RESERVE SYSTEM (Released for Publication Friday Morning, May 17; not earlier) H.iul May 16, I9I16. CONDITION OF THE FEDERAL RESERVE BANKS During the week ended May 15, member bank reserve balances decreased $99,000,000. Reductions in member bank reserves arose from a>n increase of $190,000,000 in Treasury deposits with Federal Reserve Banks and a decrease of $3,000,000 in gold stock, offset in part by an increase of $33,000,000 in Reserve Bank credit and decreases of $8,000,000 in money in circulation and $52,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on May 15 were estimated to be approximately $840,000,000* -Holdings of loans, discounts and advances decreased $61,000,000 and of United States Government securities $72,000,000. The decrease in holdings of United States Government securities reflects a decrease of $207,000,000 in bills, and in creases of $92,000,000 in certificates and $ii3»000,000 in notes• Changes in member bank reserve balances and related, items during the week and the year ended May 15, I9I4.6, wore as follows: Increase or decrease since May 15, May 8, May 16, 19^6 I9U6 19U5 (In millions of dollars) U, S. Government securities 22,660 - 72 +1 ,992 Loans, discounts and "advances lhl - 61 - 315 Other Reserve Bank credit hkb + 167 + 18 Total Reserve Bank credit 23,252 + 33 +1., 665 Gold stock 20,2^5 - 3 - 106 Treasury currency U.53U — - + 397 iviomb^r bank reserve balances 15,652 _ 99 + U06 Money in circulation 27,950 - 8 +1 ,578 Treasury cash 2,265 - 1 - 111 Treasury deposits with F, R. Banks 50U + 190 + I102 Nonmember deposits and other F.R. accounts 1,660 - 52 - 319 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

B.iul(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE * BANKS COMBINED (In thousands of dollars) Increase or decrease since May 15, May 8, May 16, I9h6 19U6 19U5 A S S E TS Gold certificates l7,3';6,o6o - 167,405 Redemption fund for F„ R. notes 7a7,6ll - 1,404 + 66,570 Total gold certificate reserves^ 10*093,671 - 1,1+04 - 100,835 Other cash •297,UC,^ - 6,699 + 55,633 Discounts and advances 11+5,121+ - 61,793 - 341,870 Industrial loans 1,1.1.12 + 29 3,li23 Acceptances purchased 17,070 + 573 + 17,070 U; S," Govt, securities s ' Bills 13,691,1165 -207,109 + 659,999 Certificates 6,327,096 + 91,500 + 803,385 Notes 1,753,200 + 43,000 + 71*0,350 Bonds : 902,9^2 - 212,200 Total U» S» Government securities 22,659,703 ~ 72,609 +1,991,534 Total loans ancj securities 22,823,309 -133,800 +1,663,311 Due. from foreign banks 110 2 F, R, notes of other banks 12l+, 189 + 856 + 38,089 Uncollected items 2,1+74,581+ + 655,663 + 350,450 Bank premises 33,021 1,200 Other assets 55,356 + l,9U 4,025 TOTAL ASSETS l 3,90l, 61+1+ +516,527 +2,001,421 4 L I A B I,,L I T I E S Federal Reserve notes 23,950,1+26 - 13,803 +1,168,109 Deposits t Member bank - reserve account I5,652,li29 - 98,537 + U06,521 U. S. Treasurer*-general .account 50li,l3U +190,25h + 1+02,262 Foreign 685,786 - 60,1+18 - 449,198 Other 1+24,269 + 8,195 + 18,165 Total deposits 17,266,618 + 39,474 + 377,750 Deferred,availability items _ 2,o 6,353 +1489,032 + 31+8,978 a Other liabilities including accrued dividends 13U59 + 251 + 1,580 TOTAL LIABILITIES ii3,276,536 +5ii+,95l+ + 1,396, It 17 CA P I T AL A C C 0 U N T S Capital paid in 181,871 + - 110 + 13,881+ + 130,202 Surplus (election 7) 358,355 Surplus (Section 13b) 27,l|2o + 263 Other capital accounts 57,454 + i,li63 - 39,31+5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS k3,901,644 +516,527 +2,001,1+21 Ratio cf gold certificate reserves to deposit' and F R. note # - 2.0% liabilities combined 1+3-9% Commitments to make industrial loans 1,845 69 2,013 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E FEI H.1+-. 1(b). •and; STATEMENT OF CONDITION OF THE 1RAL RESERVE BANKS ON MAY 15, 19^6 (In thovch«ids of dollars) ' ,601; A S S E TS 985 Total Boston New York Phila. Cleve. Ric550 Atlanta Chicago St.Louis -Minn. Kans.Cy. Dallas SanPran. Gold certificates 17,31+6,060 726,063 l+,995,H+9 795,162 1055,808 850,1^0 959,079 3637,917 559,566 317,098 551,71+7 1+50,21+ii 21^7,971 Redemption fund for p. R. notes 7l+7,6ll 58,102 119,1+08 6o,loo 76,707 59,3t'58. 1+3,656 96,89!+ 1+2,570 2o,'oo2 31+.890 25,801 110,139 T otalgc ! " : "' res8rves 18,093,671 781+,165 5,lH+,557 855,2621132,515 909,7981002,73537314,611 601,956 337,100 586,637 1*76,01+52558,110 other cash 297,1+01+ 27,801 79,100 19,606 26,702 19,865 2o,63l+ 30,300 11,050 3,530 16,601+ 9,98!+ 32,178 Discounts aim advances 11+5,121+ 11,91+8 35,181 7,169 1+0,215 3,915 6,1+1+2 15,535 i3,Oi+5 3,025 1,635 2,581+ l+,380 Industrial loans 1,1+12 '92 — 1,287 ~ 33 Acceptances purchased 17,070 -- 17,070 U. S Govt. securities # Bills 13,691,1+65 81+0,061+ 5,518,928 92l+,763 1211,2141; 875,1+30 725,058 1330,181; 605,61+7 366,076 &+5,o2o 516,050 1633,001 Certific ates 6,327,090 1419,81+1 1,590,1+53 1+73,11+1+ 609,959 397,029 317,093 815,509 317,1+98 180,1+97 301,517 267,970 631,536 Notes 1,738,200 115,31+0 1436,935 131,357 167,569 109,071+ 87,112 221;,ol;0 ,87,225 ^9,587 82,832 73,618 173,511 Bonds 902,91+2 59,916 226,971+ 68,236 67,01+7 56,661 1+5,252 116,382 ^5,311 .'25,759 1+3,029 36.2l;2 gp.rs? iot&l U S Government # # securities 22,659,703 il+35,l6l 5,773,290 1602,500 2075,819 11+38,191+ H7l+,515 2936,115 1055,681 621,919 1072,396 895,880 2528,231 Total loans and securities 22,823,309 11+147,201 5,825,5U 1610,9562116,031+ ii+1+2,11+2 1180,957 3001,700 1066,726 62l+,9i+l4 i07l+,033 89R.h6k 2532,611 Due from foreign banks 110 .7 l/ 37 9 . 10 5 1+ 15 1+ ._ 3 .1+ 3 9 F.R.notes of other banks 12|+,189 3,080 17,035 5,072 . 5,187 35,205 10,138 11,560 • 9,177 h,i.l5 5,233 1+,109 ll+,278 Uncollected items 2^714,58I+ 186,302 556,1+1+3 165,108 2l;9,2l;i l8l+,959 155,156 1+09,697 107,518 55,730 107,232 96,051 201,11+7 Bank premises 33,021 l,33l+ 8,601 3,266 3,951 2,71*1 l,55l+ 3,096 2,0l+0 1,215 2,568 817 1,838 other assets 55,356 3*395. 12,313 3,682 6,105 3,613 3,081 7,520 3,337 1,556 2,531 2,1+23 6,000 TOTAL ASSETS 1+3,901,61+1+ 21+53,285 11,613,627 2662,961 3539,71+5 2598,328 23714,309 7198,1+99 1803,788 1023,193 179l+,8l+2 11+87,896 531+6,171 l/ After deducting $73,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON MAY 15, 191+6 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 23,950,1^26 11+52,011+ 5,544,911 1606,786 2028,007 1650,012 11+25,579 1+379,828 101+5,113 551,760 80i+,722 538,823 2995,066 Deposits: : Member bank-reserve acct. 15,652,1+29 715,837 l+,886,0l+i+ 778,625 lli+3,850 694,502 754,182 2256,839 590,272 378,375 751,861 71+7,266 1976,998 U.S.Treasurer-general acct. 504,134 2l+,75l+ 152,1+25 39,821 i+i+,691 33,000 2l+,8l2 63,991+ 19,420 17,821 17,991 22,630 1+2,777 Foreign 635,786 1+1,758 V253.987 53,685 60,151 30,399 2l+,578 86,669 21,991 16,170 21,31+1+ 20,697 54,359 Other l+2i+,269 3,21+7 545,758 2,779 4,503 i+,0l+9 1,695 3,610 10,11+8 • A An 1,1+11 l,l+8i 42,91+5 Total deposits 17,266,618 783,596 5,638,192 871+,908 1253,180 761,750 785,267 21+11,112 61+1,831 1+15,021+ 792,607 792,07!+ 2117,077 Deferred availability items ?.oJ»£--*£* 1+27,693 129,227 199,180 155,275 137,1+68 322,061 95,935 1+4,435 94,740 84,827 178,969 Other liabilities including accrued dividends 13,139 111 4,090 765 1,199 597 524 2,060 473 544 495 480 1.177 TOTAL LIABILITIES 45,276,536 2412,390 11,414,336 2611,686 5431,566 2567,634 2348,638 7115,061 1731,352 1011,763 1772,562 1466,209 5292,289 Capital paid in 181,871 10,817 64,332 13,432 18,246 ?,598 6,765 21,565 5,800 3,955 5,972 6,531 16,758 surplus (Section 7) 353,555 22,1+39 116,860 28,946 33,745 15,593 14,450 53,029 12,939 8,869 11,891 10,670 28,924 Surplus (Section 15D) 27,428 5,012 7,205 1+,501 1,007 5,326 762 1,429 527 1,075 1,157 1,307 2,142 Other capital accounts 57,454 4,127 10,544 4 ,-346 5,181 4,177 3,694 7,415 3,170 5,280 ?>129 6,053 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1+3,901,61+4 2453,285 11,613,627 2662,961 3559,745 2598,528 2574,509 7193,1+99 1803,788 1028,193 1794,81+2 1487,896 5346,171 Corona tmeibts to make industrial loans 1,845 — —- 816 521 270 — — 5 — — 170 65 F. ft. notes outstanding 24,620,800 1431,692 5,505,695 1646,505 2087,559 1709,556 1466,137 4459,6?2 1082,097 562,523 903,064 616,224 5117,663 Collateral for F. R. notes held by F. R. agents: Gold certificates 11,399,000 1+10,000 3,420,000 500,000 635,000 570,000 61+0,000 2555,000 300,000 170,000 230,000 169,000 1750,000 Eligible paper 1+8,663 9,068 20,196 3,454 — l,3oo — —- 11,515 1,900 - 150 — 600 U. S. Govt, securities 15,976*538 1100,000 2,100,000 1200,000 1550,000 1175,000 850,000 1900,000 901,338 1+00,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF KAAIS AND SECURITIES Within 16 to 31 to 6l to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year years years 5 years | " 1 " Discounts and advances 145,124 50,650 4,067 13,330 77.077 Industrial loans 1,412 1,194 1 8 9 56 ,79 19 46 Acceptances purchased 17,070 5,746 5,561 4,373 1,090 U. S. Govt, securities 22,659,705 1,996,951 5,734,827 5 ,613,907 4,946,172 2,731,550 2,564,206 21,400 460,500 590,190 l/After deducting $[|_31,1^01+,GOO participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis