H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS- OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday Morning, July -12; not earlier) H.1^1 July 11, I9U6 CONDITION OF TIE FEDERAL RESERVE BANKS ^During the week ended July 10 member bank reserve balances increased $7^,000,000, Additions to mBmber bank reserves arose from, an increase of $325,000,000 in Reserve Bank credit and a decrease of $60,000,000 in money'in circulation, offset in part by increases of $157>000,000 in Treasury deposits with Federal Reserve Banks, $11+6,000,000 in nonmember deposits and other Federal Reserve accounts and $5,000^000 in Treasury cash, and a decrease of $3,000,000 in Treasury currency* Excess reserves of member banks on'July 10 wei*e estimated to be approximately $720,0000,000. Holdings of loans, discounts, and advances increased $53*000,000 and of United States Government securities $391,000,000. The increase in holdings of United States Government*securities reflects increases of $379*000,000 in bills and $12,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year 'ended July 10,- I9I4.6, were as follows: Increase or decrease since July 10, July 3* July 11» 19JU6 I9U6 I9li5 (In millions of dollars) U. S. Government securities 23,3* + .'391 + 1,850 Loans, discounts and advances 293 + '53 + 217 Other Reserve Bank credit 332 - • 120 - 76 Total Reserve Bank credit 214,019 + 325 + 1,991 Gold stock 20,271 + l + 57 Treasury currency ii, 537 - 3 + 392 Member bank re,servo balances 15,889 + Ih + 1,319 Money in circulation 28,335 - 60. + 1,2403 Treasury cash, 2,25> + 5.; + 2k Treasury deposits with F R. Banks l 66ii + 157 + ' 79 # Nonmember deposits and other F.R. accounts 1,6824 + L'46 - '386 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K.U.l(a) 'STATEMENT OF CONDITION OF THS, TWELVE FEDERAL RESERVE. BANKS COMBINED (In thousands of dollars) Increase or decrease since July 10, July 3> July 11, I9I46 I9I46 19U5 A S S E TS • Gold certificates 17,3lU,207 1 - 22,708 Redemption fund for F. R. nc 3 tes 770,307 + l + 81,091+ Total gold certificate re-i serves 18,111,511* — + 58,386 Other cash ': 270,738 + 7,61+8 + 68,551+ Discounts and advances 291,863 + 53,510 + 218,981+ J-ndustrial loans '1,210 + 28 2,0% Acceptances purchased 28,283 + 5,573 + 28,283 U. S. Govt, securities: Bills 111, 452,697 +378,801* +1,757,851+ Certificates 7,589,982 + 12,000 +1,537,971 Notes 595,600 — -1,089,350 Bonds 775555,,229900 — - 357,352 Total U. S. Government • securities 23,393,569 +390,801* +1,81+9,123 Total loans and securities 23,7111,925 +1+1*9,915 +2,094,31+6 Due from foreign banks 83 • « ' - ' 27 F, R. notes ,of other banks 118,251 + 1*,707 + 25,162 Uncollected items 2,039,720 -181+.961+ + 218,237 Bank premises 32,920 l 1,137 Other assets 1+8,625 + • 1,550; > - • 8,616 TOTAL ASSETS 1+1*. 336,756 +278,855 +2,454,905 L I A B I L I T I ES Federal Reserve notes 2U,281,728 - 39,897 :; : +1,130,31+6 Deposits: Member bank - reserve account 15,889,281+ + 73,816 +1,318,878 U.S.Treasurer - general account 661+,30l* +157,251. + .79,176 Foreign 511i,068 + 8,782 - 729,317 Other 601,885 +135,852 + 228,280 Total deposits 17,669,5lil +375,701 + 897,017 Deferred availability items 1,735,966 - 59,788 + .322;o37 Other liabilities including accrued dividends 10,506 + 1,135 + 1,979 TOTAL LIABILITIES 143,697,71a +277,151 +2,351,379 C A P I T AL A C C 0 01 I T S Capital paid-in 183,1+70 + 252 + 12,985 Surplus (Section 7) 358,355 . -- + 130,202 Surplus (Section.13b) 27,1+28 + 263 • ••' — Other capital accounts 69,762 + 1 1,1+52 ~ . . r • 39,921+ TOTAL LIABILITIES ANfiiCAPITAL ACCOUNTS 1^,336,756 +278,855 +2,it5ii,905 Katio of gold certificate reserves to deposit and 'F. R. note liabilities combined ' il3»2fo -• JJo -• • 2 O?o % m Commitments to make industrial loans 5*370 - 37 • > • 253 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OP CONDITION OF THS FEDERAL RESERVE BANKS ON JULY 10, I9I46 (In thousands of dollars) A S S E TS Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cyv.. Dallas .SanFran. RGid pSf^nd"or 17>3hl'20T 71^2,822. 5,156,558 857,1.63 1092,155 87l,H,5 915,781+ 31*02.009 51.5,795 33U.oli6 569,1.09 1*78,oi+5 2578,000 m ;/ F'R' n°teS 770,507 57,755 117,909 59,997 76J,250 60,810 1+5,286 121,31+5 1*2,1*15 20,289 5l+,790 25,725 109,758 Total gold certificate . i reserves 18,111,511; 800,577 5,27tt,l+l+7 917,1*60 1168,1+05 931,955 959/076 5525,551; 586,210 554,555 6ol+,l99 503,768 21+87,738 other cash 270,738 19,088 77,1.01 18,61+1+ 19,830 H+,569 2o;25l 31,1+58 9,898 h,61h 15,217 8,989 51,556 ; -du^ri'i'loanf"0'38 9\ ' lt 1 0'9£ llk>&% l8'8l° ^ '^ " '^ l'&> 51,980 20.270 6,'loS ^260 " 5,8i+0 12 880 ^.duuuonai loans 1,^10 3d -- 1 128 -- -- -- —. -- -i * _ • acceptances purchased 28,283 — 28,283 — — — — „ „ „ " ,; II ~~ u« S Govt, securities: # f"*. * ^ P ' 6 9! 857,771. 5,670,937 907,209 1375,506 915,715 761*,680 2066,907 622,095 570,272 660,622 51*8,51*2 1696,1+1+0 oertiiacates 7,589,982 5f7,507 1,951,11.6 581,1*22 676,11+1+ 1+62,1+75 594,581, 1016,072 590,787 217,868 359,288 509,198 725 695 ^; 595,600 1+1,579 151,51.1 1.5,625 55,053 56,291 50,965 79,755 50,666 17,097 28,19!* 2^,261* 56789 /55,290 : 52,1*75 192,172 57,858 67,251+ l+6,.Q2l 59,265 101,111 58,888 21,681 55,753 50,769 72Joi5 Total U.S. Government ' - ' -^ cecurities 23,393,569 11*73,955 5,9u5,796 1592,111; 2169,992 11*58,1*98 1229,1+92 5265,825 1082',1*56- 626,918 1085,857 912,775 251+8,957 Total loans and securities 25,7111,925^ 11*89,992 6,088,955 1612,112 2195,797 H+69,965 1257,052 5515,605 1102,706 655,016 1091,117 916,615 2561,817 Dua from foreign banks 85 5 l/ 27 7 8 1+ -.3 «... 11 „ 3 2 3 3 7 F. R. notes of other banks 118,251 5,1+51 • 15261* 5,785 5,525 22,979 8,025 15,169 .6,875' ' 5,972 -'6,631* 1*,076 20,682 r Uncollected items 2,059,720 170,1*31. 1*21*. 831*' 130,390 182,518 159,122 121,376 307*292 . 9?,76o 50,1*85 ,109,979 86,595 205,137 Bank premises 32,920 1,325 8,561; 5,21+2 5,935 2,728 1,51*7 5,085 : 2,033 " 1,270 :. 8,556 -.812 1,825 Other assets 1*8,625 5,087 11,1*70 5,162 5,219 2,878 2,605 7,126 3,Ol*7 •••. 1,250 2,067 2,022 l+,692 TOTAL ASSETS. 1+1+,556,756 2l87,959,ll,900,9U2 2690,800 5580,855 26ol*,l96 231*9,910 7201,298 180U,530 1050,1+06 185L772 1522,876 5511,251; t l/ After deducting $56,000 participations of ,other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Hj^l(c) STATEMENT OF CONDITION OF TE3 F3DSEA LR3S3RVS ,ANKS 01 JULY 10, I9li6 (In thousand s 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 2^,281,72a ill C7, 221; 5,li75»83i I-6U1.975 207*4,772 1667,258 11430,025 141466,015 1057,636 559,973 896,067 600,756 2'92li,l9l DeDOsits* Member bank-reserve aect. 15,839,2811' 7211,513 5,015,200 799,^26 1169,656 705,828 738,1433 2239,283 507,677 388,795 777;.RO9A8 76li,2oi 1922^374 U.S.Treasurer-general acct, 661j,30U U3,667 173,219 36,902 57,902 32,966 2h,%k 93,955 27,655 29,851 30,U6i 1|2,256 65,926 Foreign 5^,068 30,790 1/ 196,2714.' 39,500 lil4,259 22,567 18,0Sii 63,771 16,181 11,898 15,705 15,229 Uo,oio Other 601,685 3,3*46 Ii90,vl45 3,006 10,490 2,715 1,3*42 3,955 ' 8,L29 -2,131 2,536 6u8 72,7U2 Total deposits 17,669,5^1 802,316 .5,880,1*38 876,8314 1282,307 763,876 782,1403 2400,961+ 639,9^2 1+32,673 822,1400 622,33a 2161,052 Deferred availability items 1,755,966 156,556 Z2r. C,T 7 117,352 163,3148 Il40,9l4l4 110,5149 2U7.361 33,1+3*4 U 0,268 89,879 77,2114 I69,5l4l4 Other liabilities including accrued dividends 10,506 6U1 2,995 520 961 t 5,_1I 4 I^4 2,5 1.,.,.8. 10 y?i ., o>3 1.4_1.0 328 651 TOTAL LIABILITIES 143,697,7141 214146,737 11,696,701 2633,651 3521,391 2572,592 2323,1402 7116,150 17ol,;:a/ 1033,61I4 1808,756 1500,632 5255,638 Capital paid in 183,1470 10,837 6!.,a76 13,533 18,303 7,709 6,9U3 22,009 5,903 5,982 6,06" 6,692 17,012 Surplus (Section 7) 358,355 22,1439 116,660 20,946 33,7145 15,593 ll4,U50 53,029 12,939 6,669 11,391 10,670 23,924 Surplus (3action IJb) 27,1428 3,012 7,205 14,501 1,007 3,326 762 i,U29 527 1,073 1,137 1,307 2,li;2 Other capital accounts 69,762 *4,93*4 13, &t<o 5,139 6,387 li,976 *4,353 8,661 3,7a 2,868 3,922 3,575 7,513 TOTAL LIABILITIES AND CAPIT^L ACCOUNTS i4U,336,756 21487,959 11,900,9142 2690,800 3560,633 260^,196 23149,910 7201,298 l3Qi;,530 1050,1406 1631,772 1522,876 5311,23k Commitments to make 170 10 industrial loans. 5,370 89I4 521 159 — 16 3,6oo 629,670 3057,302 F.R notes outstanding 25,013,1146 1525,066 5,655,096 1691,053 2131,553 1710,929 1I467/969 14550,563 1097,093 571,1514 917,678 9 Collateral for F.R.notes h'jld by F.R.Agentsr Gold certificates 10,9149,000 1430,000 3,1420,000 500,000 635,000 550,000 625,000 2165,000 300,000 175,000 280,000 169,000 1700,000 2,800 Eligible paper 118,318 3,297 714,896 8,910 -- 5,825 — - 16,190 3,100 3,300 500,000 1600,000 U.S.Govt* securities lit, 709,227 1100,000 2,300,000 1200,000 1550,000 1200,000 85o,ooo 21400,000 909,227 1400,000 700,000 MATURITY DISTRIBUTION OF LOANS AED 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* ;o 1 year years yoars 5 years Di so cunts and advances 291,863 159,310 10,u70 116,358 5,725 - •••• Industrial loans 1,210 1,039 3 8 8 • 76 13 19 A U c .S c . e G pt o a v n t* c es se p c u u r r c i h t a ie s s e d 23,39 28 3 , , 2 5 8 6 3 9 3,195 6 , , 0 90 6 0 6 3,1*4 6 7 , , 9 1 6 2 5 8 6,12 1 3 1 , , 0 2 0 8 3 1 5.252 3 , , 9 1 9 3 0 7 1,152,150 3,1451,1*42 146,1400 Uu3,250 582,241+0 1/ After deducting $317.U27,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis