H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday Morning, June 7; not earlier) H.Iul June 6, I9I16 CONDITION OF TEB FEDERAL RESERVE RANKS During the week ended June 5# member bank reserve** balances increased $110,000,000. Additions to member bank reserves arose from a decrease of $287,000,000 in Treasury deposits with Federal Reserve Banks, and an increase of $30,000,000 in 'gold stock, offset in part by.a decrease of $96,000,000 in Reserve Bank credit and increases of $6ij,000,000 in money in circulation, $20,000,000 in Treasury cash and $28,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on June 5 were estimated to be approxi mately $700^,000,000.- Holdings of loans, discounts and advances increased $15,000,000 while holdings of United States Government securities decreased $203*000,000. The do orcase in holdings of United States Government securities reflects an increase of ??0,000,000 in notes and decreases* ofi $11*6,000, 000 in bills" and $67,000,000 in certificates, ' ; Changes in member bank reserve balances and related items during the week and the year ended June 5/ I9U6, were as follows: Increase or decrease since June 5* ^av 29, June 6, 19U6 I9I16 19U5 (In millions of dollars) •U, S. Government securities 22,780 - 203 +1,831; Leans, discounts and advances 253 + •15 - 663 Other Reserve Bank credit i|27 + 91 + 33 Total Reserve Bank credit 2J,U60 - 96 +1,253 Gold stock 20,272 + 5 30 h Treasury currency U*5JA-I + • 1 + 389 Member bank reserve balances 15,799 + 110 + 3h7 ;tonoy in circulation 28,170 + 6k +1,657 Treasury cash 2,285 + 20 - 29 Treasury deposits with F, R Banks ^ 59k- - 287 + 1*2 # Fonmembor deposits and other l'\ R. accounts 1,619 + 28 - 370 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H„k.l"(a) STATEMENT OF CONDITION .OF-THE TWELVE I^DBIUL RESSEVE BANKS COMBINED (In thousands of dollars) Increase or de<c rease since June 5. Liay 29. June 6, 19U6 I946 1945 A S S E TS Gold certificates' 17., 344,055 5 -63,410 Redemption fund' for F, R. notes 7u7, ,267 791 + 1+9,786 Total gold certificate reserves 18,, 091, ,322 796 - 18,621* Other cash 26k, ,762 + U,817 + - 17,432 Discounts and advances 252, ,190 + 15,683 - 659,934 Industrial loans 1, ,268 56 - 2,836 Acceptances purchased 11, ,193 131 + 11,193 U S.Govt. securities: t Bills 13 ,859, ,92u -145,930 +1 ,122,1*90 Certificates ,263, , 870 - 66,726 + 880,609 Notes 1 , 72+8,,2 00 + 10,000 + 90,250 Bonds 990022,,99uu22 — 209,700 Total U. S. Government securities 22. ,,777799,,993366 -202,656 ++11 ,883,62*9 Total loans and securities 23. ,okh, ,587 -187,160 +1 ,232,072 Due from foreign banks 85 -- - 25 F. R„ notes of other banks 109, ,674 - 9,0^2 + 20,2*66 Uncollected items 2 ,196, ,555 +210,851* + 445,972 Bank premises 33, ,003 26 - l,l4l Other assets 55,51+6 582 - 3>8U1+ TOTAL ASSETS 1+3., 797,534 + I8/065"' +1 ,692,308 L I A B I L I T I ES Federal Reserve notes 21;., llli,289 + 1*7,876 +1 ,254,667 Deposits: Member bank - reserve account 15., 798, ,813 +110,075 + 346,700 U. S 0 Treasurer -general account 394, ,158 -286,350 + 2+1,361 Foreign 6lG, • 505 + 10,296 - 569,896 Otho r hhh,, 614 + 111, 826 + 87,176 Total deposits 17., 256,090 -151,161 - 94,159 Deferred availability items l ,783, ,201 +119,738 + 424,890 Other liabilities including accrued dividends 13,719 109 + . 1,947 TOTAL LIABILITIES U3 ,167, ,299 + 16,3UU +1 ,587,345 C A P I T AL A C C O U N TS _ Capital paid* in , 182, ,.104 + 101 +, 13,769 Surplus (Section 7) 358,355 ~ + 130,202 Surplus (Section 13b) 27, ,1.28 + 263 Other capital accounts ,348 + 1,620 -. 39,271 TOTAL LIABILITIES AND CAPITAL ACCOUNTS U3, 797: ,534 + 18,065 +1 ,692,308 Ratio of gold certificate reserves to deposit and F.R.- note liabilities combined 2+3.,7 % + .1% _ 1.3% Commitments to make industrial loans 5,, 1+21 11 + 907 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON JUNE- 5, I9I4.6 (In thousands of dollars) A S S E TS Total Boston New York Phila. Cleve. Rich„ Atlanta Chicago St.Louis Minn. Kans.Cy.: Dallas SanFran. Gold certificates 17,344,055 718,055 5,185,858 806,035 1076,928 '852,188 945,724 5571,595 529,021 316,696 546,5.19 447,598 2372,082 Redemption fund for F. R. notes 747,267 57,988 118,8ij.l;. 59,925 76,578 6o,4l8 45,562 96,728 42,550 19,984 54, 885 25,788 110,019 Total gold certificate reserves 18,091,322 776,021 5,502,682 865,958 1153,506 892,606 987,286 3668,523 571,571 356,680 581,402 1173,186 21182,101 uther cash 264,762 2o,450 67,571 17,315 19,360 18,414 21,815 26,119 10,024 4,254 15,401 8,000 36,259 discounts and advances 252,190 15,536 71,981 15,369 4o,530 18,515 5,o6o 52,595 20,280 4,500 10,710 5,934 15,550 industrial loans 1,268 87 — 1,155 " 28 Acceptances purchased 11,193 11 I93 U. S. Govt.; securities; 3 i l is 15,859,924 841,388 3,424,400 912,784 1216,855 909,441 741,816 1951,752 617,550 377,238 644,248 557,156 1685,518 Certificates 6,268,870 415,801 1,576,210 475,717 604,258 595,349 314,090 808,056 314,647 178,850 298,704 265,475 625,753 Notes 1,748,200 115,955 439*557 132,106 168,504 109,692 87,590 225,333 87,746 49,876 83,300 74,035 174,505 Bonds 902,942 59*690 227,050 68,233 67,032 56,656 45,24o "116,537 45^320 25,761 45,024 58,233 90,151 Total U. S. Government ""securities 22,779,936 1455,054 5,667,197 1586,840 2076,627 1469,153 1188,756 5101,495 1065,065 651,725 1069,276 914,902 2575,905 Total loans and securities' 23,044,587 1448,657 5,750,571 1605,562 2117,157 i487,63i 1195,7965154,088 1085,545 056,025 1079,986 918,8862589,255 Due from foreign banks 85 6 l/28 7 8 4 5 .. . U ;.\ ,5 ! .. 2 ..3" 3 J F.R.notes of other banks 109,674 5,565 13,018 4,442 5,140 28,086 8,678 12,247 ! ?, 123 : 5,554 5,979 2,922 15,120 Uncollected items 2,198,555 186,107 476,706 125,931 203,553 179,200 159,056 501,877 99,137 ;55,252 116,557 103,625 190,941 Bank premises 55,005 1,529 8,585 5,255 5,942 2,735 1,551 3,09l 2,037 1,275 2,562 815 1,852 other assets 55,546 5,777 12,749 5,907 5,855 5,621 5,053 7,421 5,180 1,625 2,575 2,300 5,500 TOTAL ASSETS 45,797,554 2459,692 11,651,508 2622,175 5508,504 2612,347 2375,223 7155,177 1778,468 1036,645 1804,265"1514,735 5320,995 l/ After deducting $57,000 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 BANKS OH JUNE 5, I9I+6 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phila. CIeve. Ri r.h Atlanta Chicago St.Louis £unn« hans «oy • Dallas SanFran. Federal Resex-ve notes 2i+,lll+,289 H+66,896 5,1+07,950 1615,389 2050,663 1650,870 11+23,997 1-4+25,21+7 101+7,782 555,971 890,222 595,359 2978,9^3 Deposits: Member bank-reserve acct. 15,798,813 7l8»23l+ 5,011,150 781,756 115l-i,022 705,220 729,639 22i+6,706 532,192 •383,277 759,907 7li5,251 1976,ii59 U.S.Treasurer-general acct. 39I+/I58 21,801 81,025 13,307 28,783 33,U33 28,1+75 75,909 16,1+96 19,l6a 19,501+ 30,128 26,133 Foreign 618,505 37,869 1/228,1+55 1+8,1+72 5l+,312 27,U*3 22,192 78,256 19,856 1^,600 19,272 13,638 u9,Q35 Other l+l+l+,6ll+ 339,579 l+,827 5,1+03 5,76k 1,391 > , ^M-> 3,685 2,657 733 1 9 QU9 66,670 Total deposits 17 ,256,090 779,350 5,660,209 81+3,362 12i|2,525 771,865 781,703 2l+06,li20 627,229 1+2';,698 799 ,1+66 795,916 2113,31+7 j i ,783,201 151,869 359,350 105,878 157,881; 137,993 235,370 80,131 38 ,9hh 91,1+73 101,122 167,992 Other liabilities including accrued dividends 13,719 798 .1+.Q27 81+3 1 *1 "* 683 580 2,206 519 i+73 528 ls-73 1,263 TOTAL LIABILITIES hi ,167,299 2398,913 11,1+31,536 2570,1+77 3l+]+9,637 2531,307 23^9,278 7069,2L.3 1755,711 1020,083 1781,689 11^2,370 5266,550 Capital paid in 182,101+ 10,812 61+, 371 1'3,1+91 13,260 7,639 6,787 21,58.) 5,075 3,955 5,971+ 6,590 16,762 Surplus (Section 7) 358,355 22,1,39 116,360 28,91+6 33,7l+5 15,593 12+,1+50 53,029 12,939 3,369 11,391 10,670 23,921, Surplus (Section 13^} 27,1+28 3,012 7 #205 1+,501 1,007 3,326 762 1,1+29 r 9-7 1,075 1,137 1,307 2,11,2 Other capital accounts 62,31*3 . 1+.516 11,536 <+, /v-U 5,655 U,l|32 3,9li.6 1,33o 3,lu6 2,660 3,571+ 3,293 6,617 TOTAL LIABILITIES AND CAPITAL ACCOUNTS - 1+3,797,53!+ 21+39,692 11,631,503 2622,175 3503,30!.. 2612,3.1+7 2375,223 7153,177 1773,1+63 1036,61+5 l30l+,265 l5ll+,735 5320,995 Coranitmsnts to make industrial loans '", 5,1+21 .350 521 262 -— —- 3,603 170 15 F-. R. notes outstanding 2l+,770,351 11+95,21+9 5,559,11+3 1660,1+61+ 2106,209 1705,037 11+62,665 1+1+95,822 l03l+,550 566,1+21 911,210 626,735 3096,796 Collateral for. F. "R. notes held by F. R. Agents : Gold certificates ll,27l+,000 i+10,000 3,295,000 500,000 635,000 550,000 61+0,000 2625,000 300,000 170,000 230,000 169 ,000 1700,000 Eligible paper -35,661 7,356 32,021 5,1+09 — 12,375 — — 16,200 1,300 6,750 3,250 U. S. Govt* securities ll+,179,952 1100,000 2,300,000 1200,000 1550,000 1175,000 350,000 1900,000 90l+,952 1+00,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within 16 to 31 to or to 91 days to 6 months 1 to 2 2 to 5 Ove r Total .15 days 50 days 60 days 96 days 6 months to i year years years 5 years Discounts and advances 252,190 73,100 li+,1+31 33,357 121,302 Industrial loans 1,263 1,062 1 3 3 52 •73 19 Acceptances purchased 11,193 4,250 3,21+9 2,573 1,116 U. S. Govt, securities 22,779,936 3 ,225,761+ 3 ,350,793 5 ,096,31+7 5 ,733,212 1,260,350 3,01+0,330 21,1+00 1460,500 590,190 l/ After deducting $339,526,000 participations of other Federal Reserve Banks• Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis