H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday Morning, .July 19$ not earlier) H.ii.1 July 18, I9U6 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended July 17 member bank reserve balances increased n $79*000,000. Additions to member bank reserves/froil^decreases of $151,000,000 in Treasury deposits with Federal Reserve Banks, $9u,000,000 in money in circulation, and $5*000,000 in Treasury cash, offset in part by a decrease of $121*, 000,000 in Reserve Bank credit and an Increase.of $^9,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on July 17 were estimated to be approximately $880,000,000* Holdings of loans, discounts, and advances decreased $88,000,000 and of United States Government securities $16L}.,000,000. The decrease in holdings of United States Government securities reflects an increase of $276,000,000 in certi ficates and a decrease of $1;[|0,000,000 in bills. Changes in member bank reserve balances and related items during the WOP' and the ye'ar ended -July 17, I9U6, were q.s followss Increase or decrease since July 17, July 10, July 18, 19U6 I9I46 • 19^5 (In millions' of dollars) U, S, Government securities 23,230 16U +1 ,617 Loans, ,disqcunts and advances 205 80 • + 76 Other Reserve Bank credit ' U6l 129; 3U •Total Reserve Bank credit 23,895 121; +1. ,725 Gold stock. 20,271 — + 58 Treasury currency 4,538 i 1 39U Member bank reserve balances i5/)6e 79 + 1., 308 Money in circulation 28,21a 9k + 1,, 3h0 Treasury cash . ; 2,21^.9 5 - 23 Treasury deposits with F. R t . Ban.k& 513 151 * 177 Nonmember deposits and other F.R # accounts 1,733 U9 270 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

•H.lul(a) STATEJviBi;T OF CONDITION OF THE TWELVE FEDERAL KaSEKVE lUJKS COMBINED (In thousands of dollars) ••crease or decrease since July 17,, July 10, July 18, 19U6 19U6 19U5 A S S E TS Gold certificates 17.3Ui,208 T 3,001 22,1+02 Redemption fund for F. R« notes 765,31+9 - U,958 + 80,591 Total gold certificate reserves 18,109,557 - 1,957 + 58,189 Other cash 296,028 + 25,290 •-. 89,812 Discounts and advances 203,505 - 88,358 77,1+55 Industrial loans 1,173 32 2,11+7 Acceptances purchased 1+2,323 + ll+,0l+0 ,1|2,323 U 8.- Govt, securities: # Bills Hi,0l3l7U -439,523 +1,238,373 f Certificates 7,865,732 +275,750 +1,822+, 721 Notes 595,600 — -1,089,350 Bonds 755if90 — - 557,352 Total., D\ S. Government securities ~~ 2233,,222299,,779966 --116633,,777733 +1,616,392 Total Joans and securities 2233,,22++7766,,880022 --223388,,112233 +l,73li>023 Due from foreign banks 8833 27 F. R. notes of other banks iho,93i + 22,700 + 2+0,12+2 Uncollected items 2,586,772 +5U7.052 «• 566,029 Bank premises • "32,921 + 1 1,136 Other assets 5L,69li + 5,069 9,626 TOTAL ASSETS j a 69a 788 +358/032 +2,JU77,2+o6 4 L I A B I L I T I ES Federal Reserve notes 2li,227,768 - 53,960 +1,052,001 Deposits j, i.iombor bank - reserve account 15,967,61a. + 78,'33k +1,307,620 U.S. Treasurer- general account 513,091 -151,215 - 176,629 Foreign 560,968 + U6,900 - 633,080 Other 602+,501 + 2,616 + 22+6, ol+2+ Total deposits 17,61+6,173, - 23,363 + 71+3,955 Deferred availability items 2,168,620 +2+32,652+ 57a 838 Other liabilities including accrued dividends 12,295 + 1,789 3,962 TOTAL LIABILITIES 2+1+,05U,861 +357,120 +2,37a 756 C A F I T A 'L A C C 0 IT K T S Capital paid in 183,703 233 12,780 Surplus (Section 7) 358,355 — + 130,202 Surplus (Section IJb) 27,1+28 — + 263 Other capital accounts 70, a 1 + 679 - 1;Q,595 TOTr.L LIABILITIES AND CAPITAL ACCOUNTS Ea69a788 '+358,032 +2,1+77,2+06 Ratio, of gold certificate reserves to deposit and F.R, note • liabilities combined 2+3- r4o 1.8% Commitments to make industrial loans 5,399 339 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

I.iw3.(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE .BAMS QH JULY 17, I9I+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 I7,3kk,208 7kl,b73 5,55S,97k 825,318 1119,566 S55,69i4 897,153 3336,685 556,81+5 321,869 57k,809 -k66,830 228o.3o2 Redemption fund for - -*..»-' -J>^, **• E- notcs 765,3U9 57,658 117,1189 59,350 76,113 62,162 1+3,188 116,209 1+2,371 20,27!+ 3^,762 '25,698 109,575 Total rold certificate reserves 18,109,557 798,731 5,k76,k63 885,1681195,679 917,856 9ko,5kl 5k52,89k 599,216 3142,11+3 609,571 1492,5282398,96 °th^r cash 2 6,028 22,808 80,856 19,05k 19,707 17,322 23,689 36,ll+9 ll,Qkk 5,57k 15,li9l 10,1+314 33,90i 9 Jiscouafcs and advances 203,505 3,725 62,131 15,220 19,97k 7,590 8,560 kl,2S0 12,715 6,300 6,260 3,81+0 10,56L80 Industrial loans \ 173 82 — 1,096 > Acccpconcsc purchased 1+2,323 ~ k2,523 u. 3.Govt, securities: B i l ls il+,0i3,i7u 835,613 5,275,066 91k,760 1329,362 903,912 759,068 2096,559 596,529 563,3k2 656,090 532,kl3 17k5,660 Certificates 7,865,732 5k6,8k0 1,997,870 602,1+55 703,109 1+79,926 1-09,061 1051,672 uOl+,237 225,6k9 372,61+1+ 321,011+ 751,21+7 i'J0tes 595,600- 1+1,408 151,281 1+5,618 5-3,21+0 . 36,3U 30,97k 79,633 30,609 .17,087 23,217 2k,307 56,885 "onas 755,290 52,510 191,6k! 57,81+9 67,515 k6,Q8k 39,279 ioo,96k 58,816 21,668 35,765 50,321+ 72,137 I'otal li. S. Government. securities 23,229,796 lk76,379 5,6l6,.5S 1620,682 2155,226 ik66,263 1238,382 3323,8k8 1069,991 63-2,7k6 I092,i73k 908,553 2625,929 Total loans and securities 23,k76,802 11+35,186 5,720,312 1636,998 2175,200 ik73,355 I2k6,9k2 5370,128 1082,736 ,639,0k6 1098,99k 912,393 2636,509 Due from foreign banks 83 5 l/ 27 7' 8 k 3 11 3 2 5 3 7 i-'.R. notes of other banks H+0,931 5,561 2lT,k22" 6,58k 6,01+9 21,201 9,968 '15,lk8 8,159 6,708 8,089 k,k8k 2k,558 uncoil,ctod items 2,586,772 226,018 607,219 156,355 255,665 189,619 151,173 373,380 118,k30 58,052 127,490 93,5kl 22k,760 Bank premises 32,921 1,525 8,56k 3,2k2 3,933 2,728 l,5k7 5,085 2,03k 1,270 2,556 812 1,825 other assets 51,69k 3,239 12,311 3,508 5,61k 2,978 2,852 7,056 3,166 l,k37 2,16k 2,321 5,016 TOTAL ASSETS kk.69U.788 25k2,925 11,930.67k 2710,916. 365.9,375 2625,561 2376,k?5 7257,351 182k,358 I05k,232 I86k,358 1521,521 5525,5kk . 1/ .After deducting $56,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.Lui(e) STATEMENT OF CONDITION OF THB FEDERAL KSSBKV2 BANKS OK JULY 17, I9I16 (In thousands of dollars) L I A B I L I T I ES Total Boston Hew York Phi la. Clave* Kich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanPran. Federal Reserve notes 21;,227,768 Hi77,l65 5,U70,u29 1658,711 2075,767 l66l,U;2 ll;25,599 hk6o~,796 I057,.lii6 559,361 897,357 599,3l;0 2906,955 Ddeeppoossiittss :* ^ Member bank-reserve acct. 15,996677,,661186 775^11, ,689 5,000,797 802,0671196,325 697,03!; 739,699 221*7,016 532,928 389,159 787,675 763,6722009,557 U«,S. Treasurer-general acct 513,091 1*2,637 92,476 35,122 55,531 l;o,667 23.7U8 71;,698 26,781;. 27,913 25,96!; 29,661; 37,887 Foreign 560,968 33,712 1/212,507 43,319 U8,538 21;,530 19,833 69,937 l?,7U5 13,0^8 17,223 16,701 1;%875 Other 6oU,50i ;,90l 489,703 3,016 10,128 2,710 -,063 3,995 8,359 2,255 1,857 962 75,594 Total deDOSits 17,6U6,178 831,939 5,795,li33 883,521; 1310,522 7&;,9Ul 785,313 2395,644 635,796 it32,355 832,719 810,9992166,913 Deferred availability items 2,168,620 191,986 i;57,128 135,955 215,23^ 167,U38 138,626 31u,3u6 108,501+ !;5,0l9 110,834 88,59^ 19^,956 Other liabilities' including accrued dividends 12,295 615 5,oio k$5 399 hh6 h2o 1,707 339 667 - 1;02 335 920 TOTAL LIABILITIES kh,054,861 2501,705 11,728,050 2658,675 3600,422 2593,967 2349,988 7172,!;93 1801,785 1037,!;02 181+1,312 11*99,318 5269,7^4 Capital paid in 183,703 10,8U 64,515 13,566 18,351 7,717 6,978 22,028 5,913 3,981; 6,071 6,697 17,031; Surplus (Section 7) 358,355 22,ii39 116,860 , 28,9u6 33,7l;5 15,593 1^,450 53,029 12,939 8,869 11,891 10,670 28,921; Surplus (Section 13b) 27,42s 3,012 7,205 U,50l 1,007 3,326 762 1,^29 527 1,073 1,137 1,307 2,iU2 Other capital e„ccounts 70,41-1 U,926 H;,oU; 5,225 6,550 4,958 14,517 8,872 5,669 2,901; 5,9)14 5,529 7,700 TOTAL LIABILITIES AND CAPITAL ACCOUNTS Uh,69I;,738 25^2,923 11,930,671; 2710,916 3659,875 2625,561 2376,1495 7257,351 122^,838 lo&,232 1861;,358 1521,521 5325,5U; Comrrdtments to m&ke industrial loans 5,399 -- ~ , - 925 521 159 . — . 16 3,600 -^ — 170 8 F.R* notes outstanding 21;,962,789 15?0,200 5,646,318 1683,228 2126,105 1715,121 11,63,612 l;5l;7,5k3 H03i370 571,261; 920,138 626,777 3038,813 Collateral for F.E.notes held by F.R.Agents: Gold certificates 10,999,000 1430,000 3,l;2o,ooo 500,000 635,000 550,000 625,000 2265,000 300,000 175,000 280,000 169,000 1650,000 Eligible paper " 2i5,l;9i l,ol;5 22,1*71 5,260 -- 1,950 — ~ 8,665 3,300 2,300 — 500 U.S.Govt, securities iit,59li,U22 1100,000 2,300,000 1200,000 1550,000 1200,000 850,000 2300,000 894,422 i.00,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LQABS 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 < iays 60 days 90 days 6 months to I year years years 5 years Discounts and advances 205,505 59,195 21*,, 592 116,518 3,200 Industrial loans 1,178 1,008 1 8 ' 8 • . 77 . . 13 19 Uh ; Acceptances purchased U2,525 9,172 11; ,130 1U,517 7,50ii U.S.Govt, securities 2J,229,796 11,003,607 ' 2,265,158 5,923,552 5,111,087 1,2514,900 3,619,6l£' 1+6,1,00 1^5,250 582,!4i0 l/After deducting $3l|.8,120,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis