H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE v FEDERAL RESERVE SYSTEM (Released for Publication Saturday Morning*, July 6; not earlier) H.U.1 July 5, 19^6 CONDITION OF THE FEDERAL RESERVE BANKS During* *the week ended. July 3* .member bank reserve balances decreased $95*000,000* Reductions in member bank .reserves .arose from increases of $260,000,000 in money in circulation; and $19,000,000 in nonmember deposits and other Federal Reserve accounts, and a decrease of $292,000,000 in Reserve Bank credit* -offset in part by decreases of $1|63»000,000 in'Treasury deposits with t Federal-Reserve Banks and $15,00,0,000 in Treasury cash. Excess reserves of member banks on July 3 v/ere estimated to be approximately $1±70,000,000. Holdings of loans, discounts and advances increased $8,000,000, while holdings of United States Government securities decreased $382,000,000 The # decrease in*holdings of United States Government securities reflects an increase of $1,096,000,000 in certificates and decreases of $1,153,000,000 in notes and $325,000,000 in bills. Changes in member bank-reserve balances and related items during the week and the year ended July 3* I9U&, were as followsj Increase or decrease since July 3, June 26, July 3, I9a6 19U6 19^5 (In millions of dollars) ' U. S. Government securities 23,003 - 382 • +1., 258 "Loans, discounts and advances* 2U0 + 8 ; + 198 Other Reserve Bank credit U52 + 8it* - 9 •Total R J serve Bank credit 23,6914 _ 292* + 1M, 5 Gold stock- • 20,270 + 1 •f 57 Treasury currency U,5Uo + 1 + 395 Member bank reserve balances 15,015 _ 95 + 1, 093 Money .in, circulation 23,395 + 260 + 1, 561 Treasury c-ash 2,2^9 - 13 36 •- Treasury deposits with F. R. Banks, 507 - I463* ' 160 Nonmember deposits and other FR.accounts 1,538 + 19- - 559 f •June 26 figures revised* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.U.l(a>;/ STATEMENT •• OF CONDITION OF THE TWELVE FEDERAL RESECTS .BANKS COMBINED (In thousands of dollars) Increase or decrease since July 3, June do July y> $ 19U6 1.9U6- 19U5 A S S E T S. Gold certificates 17.3U.208 - • 31*7 - 3,007 Redemption funci for F. R. notes .770,306 + 9,327. + 6o,ooU % Total gold certificate reserves 18,111,5m '+ 8,!|80 + 56,997 Other cash 263,090 - 16,556 + 61,579 Discounts and advances 238,553 • + 7.110 + •199M9 Industrial loans 1,182 2,021 - • 7 Acceptances purchased : 22,710 + u,537 + -. •' 22,710 U, S , Govt * s e c ur i ti es: Bills 114,073,893 -325,555 +1, ,178,156 Certificates. 7,577,982 +1,095,612 +l. .525,971 Notes 595,600 -1,152,600 -1, ,089,350 Bonds 755,290 — - 357.352 Total U. S. Government securities 25,002,765 32.3U1 +1..257.U25 Total loans and securities 25,265,cio - 370,701 +1 ,1*77,535 Due from foreign banks 85 1 27 F. R. notes of other banks 113,52a 6,271 + 30,038 Uncollected items 2,22ii,68l| + 59,272 + 296,59U Bank premises 32,921 1*5 1,131; Other assets U7.Q75 5,251 9,1*21* TOTAL ASSETS kh,057,901 - 3l*9,0.53 +1 ,912,006 L I A B I L I T I ES Federal Reserve notes 214,521,625 + 231,139 +1. ,220,252 Deposits: Member bank - reserve account 15^315,168 +1. ,093,185 U.S. Treasurer- g;eneral account 507,055. 1*62, U81** 160.U35 Foreign 505,286' 13,330 701,U13 Other" li66,055 + 3U.736 + 25,883 Total deposits 17,293.QUo - 535,822* . + 257,220 Deferred availability items 1,795,751*' - 39.575* + 528,15k Other liabilities including accrued dividends 9,571 6,598 + 1,659 TOTAL LIABILITIES 1*3*2+2 0,590 - 350,656. +T ,307,885 C A P I T.A L AC' C O U N TS Capital paid in 133,213 + 558 + 15,165 Surplus (Section 7) 358,555 + •150,202 Surplus (Section ljb) 27,1*23 + 263 Other capital accounts 68,510 + 1>21*5 39,509 TOTAL LIABILITIES AND CAPITAL ACCOUNTS UU,057.901 — 31*9.053 +1, ,912,006 Ratio of gold certificate reserves to deposit and^\ R. note liabilities combined + .3%* 1.5$ Commitments to make-Industrial loans 5,1*07 77 + 235 me 26 figures revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ii.i^. i{0) STATE^SSKT OF CONDITION OP THE FEDERAL RESERVE BANKS 0>J JUL? 3, I9U6 • (In thousands of dollars) A S S E TS Total Boston Now York Phila. ' Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy." Dallas 3an Fran. Gold certificates 17,31*1,208 7A6,23<3 5,252,1*11 835,597 1097,039 0ii7,O39 909,351 33U2,396 5 3 ^1 328,627 575,666 1,51,1.79 2^20,923 jvedempticn fund for ; •..- = ' , ^ *• *• notes 770,306 57,755 117,9^9 59,9?6 76,250 6o,nio A3,236 121,31,5 j+2,U5 20,25.9 5^,790 25,723 109,735 Total gold certificate ' \ r—rv6S . - I8,lll,5ln 803,991 5,370,323 895,5931173,289 907,3A9 952,637 5ii63,7Al 576,856 3AS,916 61O,A56 A77,202 2530,661 other cash ;:;;_ 263,090 17,177 70,766 17,112 19,568 16,626 21,050 30,898 9,5l;2 kM lu,265 9,093 32.6LR ; discounts -and advances 235,353 1^22P ^,616 17,230 26,61*5 1S,?A0 5, 56o 2,0,350 21*, 00? 1,000 17,310 3,3l|0 13^10 industrial, leans _ ^ „ „ „ „ „ „ _: 1>182 ?;d 1 0Q acceptances purchased 22,710 — 22,710 L. o. Oovt.. s^curibi^s Bills : Certificates Notes oonds Total U S. Government • e : securities" 23,002,765 1A73,295 5,6l3,AOO 1600,982 2129,21!; ln66,333 I226,6c6 3262,966 lv73,6cA 632,682 1077,239 906,755 2533,979 Total loans and ' - : ' * • / " ' ^ secariti.s 23,^65,010 12*86,199 5,690,726 1619,312 2155,859 1185,323-1232,166 3303,3li6 1102,661, 636,682 109IJ5A9 :9lo,5?5 252=7,589 Due frori foreign banks 83 5 1/ 27 7 -8 k... 3 11 3 -2 3 ' 3 7 >'.:<. notes of other banks 113,52^ 3,7^6 15,261* 14,351 A,626 22,128 7,67u 13,277 5,357 A,778 7,l3u A,022 21,167 •Jncellectod itcma 2,221*. 681* 187,011 528,11*2 129,935 200,550 175,62? 133,550 309,176 91,555 U9,792 115,517 Si*,689 219,135 i-ank presses 32,921 1,325 8,561* 3,21*2 3,953 . 2„728. -l,5u7 -3,035 2,03u i',2?o " ;2,556" * 812- 1,625 ^ • ~', \ 1 e r a s s e x> s 1*7, 075 2.953 '10,887/^,160 ,5,152* 2,95!; 2,552 :6,805 2,918 1,196 2,o62 1,975 h,5ki TOTAL AaSiSTS 1*1*,057,901 2502,1*07,11,69;*, 699 2p12,&& 3562,967 2613,-21*1 -2351,179 7150,337-1790,929-101*6,961 101*6,51*2.11*88,391 5357,576 l/ After deducting S5o,000 participations of other Federal Rucorvc Brinks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

fi.li.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS 01 JULY J, 19^6 (In thousands of dollars) L I A B I L I T I ES Total Boston New York Phi la. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 2U.321.625 1492,068 §,515,418 1642,508 2072,844 1668,93)4 1432,295 4456,441 1059,143 560,168 895,73* 600,096 2925,972 jje posits; Memt*er bank-reserve acot. 15,815,468 738,717 4,960,799 797,779 H75i637' 7H,27l 732,638 2206,932 577,868 393,601 775,808 753,536 1990,882 U.S.. Treasurer-general acct. 507,053 28,996 112,854 25,658 40,768 31,694 29,618 71,029 . 28,590 24,266 29,612 24,790 59,178 Foreign 505,286 28,518 1/210,747 36,612 41,023 20,732 16,762 59,108 14,998 11,028 14,557 14,115 37,086 Other 466,033 4,052 305,865 5,300 11,519 4,694 1,330 4,159 9,472 1,765 2,119 2,24o 113,498 Total deposits 17,293,840 800,283 5,590,265 865,3ii9 1268,947 768,391 780,348 2341,228 630,928 430,680 822,096 794,631 2200,644 Deferred availability items 1,795,754 168,283 334,674 1.12,177 161,009 143,978 111,723 246,055 77,479 39,063 105,424 71,157 174,732 Other liabilities including accrued dividends 9,-371 - 599 . -2,636 '487 887 460 4oi 1,730 329 336 376 291 845 •IGTAL LIABILITIES 43,420,590 2U6l,233 11,492,993 2620,521 3503,687 2581,763 2324,767 7045,454 1767,879 1030,241-1823,634 1466,225 5302,195 Capital paid in 183,218 10,834 64,432 13,513 18,283 7,673 6,933 21,98« 7 5,»97 3,977 6,034 6,674 16,981 Surplus (Section 7) 358,355 22,439 116,860 23,946 33,745 15,593 14,450 53,029 12,939 8,869 11,891 10,670 23,924 Surplus (Section 13b) 27,428 . 3,012 7,205 4,501 1,007 3,326 762 1,429 527 1,073 1,137 1,307 2,14.2 Other capital accounts 68,310. '• 4, 369 13,209 5,171 6,245 4,886 4,267 8,433 3,687 2,821 3,846 3,515 7,356 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,057,901-2502,407 11,694,699 2672,652 3562,967 2613,241 2351,179 7130,337 1790,929 1046,981 1846,542 1438,391 5357,576 Commitments to make industrial loans .5,407 924 521 161 16 3,600 170 15 F. R. notes outstanding 24,952,332 1527,733 5,640,630 1685,765 2129,065 1714,774 1464,837 4536,957 1091,612 569,952- 916,507 628,121 3046,329 Collateral for F.R.notes held by F.R. Agents: Gold certificates 10,929,000 430,000 3,420,000 500,000 635,000 550,000 625,000 2145,000 300,000 175,000 280,000 169,000 1700,OOC Eligible paper .. 77 ,.568 4,542 14,656 7,270 — 13.3?,,3y\0j0\j — — L^ 9 y,>Qy2 0 1,000 13,350 3,. by- U.S,Govt, securities 14,677,257 1100,000 2,300,000 1200,000 1550,000 1175,000 850,000 2400,000 902,257 400,000 700,000 500,000 1600,00c 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 *• 50 d&ys 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 238,353 95,745 .18,565 120,343 3,700 Industrial loans 1,182. 1,005 8 8 7 77 •\ ' 13 ' - 19 45 Acceptances purchased 22,710 4,906 .: 5,251 8,892 3,661 U.S.Govt, securities 23,002,765 2,988,686 3,127,959 6,o48,46i 5,174,257 1,152,150 3,439,142 46,4oo 443,250 582,440 Digitized for FRASER 1/ After deducting $294,218,000 participations of other Federal Reserve Banks, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis