H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF TI-IS •• FEDERAL RF3ERYE SYSTEM (Released for Publication Friday morning, July '26, not earlier) E.h.l July 25, 19^6 CONDITION OF TrS F2DERAL .7BSJRVB BANKS "" *'" '-—i During the week ended July 2!;, member bank reserve balances decreased 991,000,000, Redactions in member bank reserves arose from increases of $303,000,000 in nonmeraber-deposits and other Federal Reserve accounts, $161,000,000 in Treasury deposits with Federal Reserve Banks and $l[j.,000 ,000 in Treasury cash,and from a decrease of $2,000,000 in gold stock,offset in part by an increase o± 33311,000,000 in Reserve Bank credit and a decrease of $5]+, 000,000 in money in. circulation. Excess reserves of member banks on July 2I4. were estimated to be approximately $790,000,000. Holdings of loans, discounts and advances increased $15,000,000 and of United States Government securities $1+22,000,000. The increase in holdings of United States Government securities reflects increases of $^12,000,000 in bills and $10,000,000 in certificates. Changes in member bank reserve balances and related items during the. week and the year ended July 2/4, 19U-6, were- as follows: Increase or decrease since July 2k, July 17, July 25 19q6 JQli.6 I9k5 (In millions of dollars) U. S. Government securities 25,652 412 2 +2,0j2 Loans, discounts and advances 220 + lr> ~ 13. Other Reserve Bank credit 357. -ioi. + 30. Total Reserve Bank credit 2u,229 +33h +2,100 Gold stock - .20,269 - 2 + '57 Treasury currency- ;k,539 + 1 + '395 Member bank reserve balances 15,377 - 91 +1,178 Money in circulation 23,137 - 5k +1,261 Treasury cash + Ik - 16 Treasury deposits with F. R. Banks - 67I1 + 161 + 80 Nonmomber deposit's and other F. R. accounts 2 O36 +503 - kl Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.i|.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands 'of dollars) Increase or decrease since July 24, JJuullyy 1177--,, July 25, • 19U6 11994466 1945 A S S E TS Gold certificates- 17,334,209 99,,999999 32,14.06 Redemption fund for F. R. notes 773,221 ++ 77,,887722 + 99,267 Total gold certificate reserves 18,107,430 - 2,127 + 66,861 Other cash 300,467 + h,h39 + 92,368 Discounts and advances 219,200 + • 15,695 10,223 Industrial loans [ ' l,U3 65. 1,835 acceptances purchased 38,161). U,159 + 37,661). U, S. Govt, securities; Bills Ill, 425,00,5 + AU,.829 +1,728,027 Certificates 7,375,732 + 10,0.00 +1,301,721 Notes 595,600 -1,090,350 Bonds 755,2.90 - 357,352 Total U. S. Gove rnment sccuri ties 23,651,625 + li2I,829 +2,082,0^6 : Total lo ans aanndd sseeccuurriittyy 3S 23 ,910 ,102 + J4.33 ,300 + 2 ,107 ,652 Due from forpign, "f^^ks 33 27 F. R. notes of other banks 13^ ,125 - 1 ,806 + 35 ,637 Uncollected items 2 ,191+ ,616 - 392 ,156' + 447,961 Bank premises 32 ,917 - 4 - 1 ,098 Other assets ,200 + 3 ,506 - ...8,714 f. TOTAL iJSSETS 44 ,733 ,9ko ' 39 ,152! : +2 ,740 ,61,.o _ L I A B I L I T I ES Federal Reserve notes 2k ,183 ,233 - 44,535 + 989 ,261 Deposits: Member bank - reserve account 15,877 ,292 - 90 ,326 + 1 ,178,497 U. S. Treasurer - general ac-count 673,721 + 160 ,63.0' + 80 ,153 v Foreign 892 ,61*7 + •331 ,-679 235 ,922 Other ..557799 ,,995555 •• 2244,,556666 + 169 ,128 Total deposits 18 ,,002233 ,,5599..55 ++ 337777,,441177 + 1, 191,856 Deferred availability.items 1 ,875,497 - -293 ,123 + 455 ,234 Other liabilities including accrued dividends 1100 ,,665566 ll ,,665599 + 2 ,502 m TOTAL LIABILITIES•: 770099TT ,,996611 ++ ""~~3388~~ ,,110000 +2 ,638 ,933 1 C A P 1 T-A L" [ A C C O U N TS Capital paid in • 183 ,777 + •7U + 12 ,745 Surplus (Section 7) 358 ,355 + 130 ,202 Surplus (Section Ijb) 27 ,428 + 263 Other capital accounts •71 ,1+19 + 978 - 41 ,505 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44*735'9U-0 + 39,152 +2,740,640 Ratio of gold certificate reserves to deposit and F- R. note liabilities combined 42.9" .3%'- - 2.21 Commitments to make industrial loans 5,458 + 59- + 50 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

JI.Al(b.) STATEMENT OF CONDITION OF TEE FEDERAL RESERVE BAMS OR JULY. 2l+, lpl+6 1(In thousands of dollars) A S S E TS Total Boston New York Phila. CI eve... Rich. Atlanta Chicago St.Louis 1 inn. ;Kans.Cy. Dallas SanFran. Oold certificates 17,354,209 741,118 5,424,511 850,906 1120,617 81+8,672 893,675 3316,762 572,893 326,182; 563,15!+ 473,012 2202,707 Redemption fund for ' . > F. R. notes 775,221 57,561+ 116,897 59,721+ 76,025 61,652 45,021 126,107 1+2,539 20,265. 54,729 25,667 109,253 Total gold certificate reserves 18,107,1+30 798,682 5,51+1,408 910,650 1196,6^2 910,504 956,6965442,869 615,252 546,41+5: 597,885 498,6792511,960 other cash 500,1+6? 21,287 87,210 20,276 21,636 16,155 22,005 57,054 10,715 5.081; 15,205 10,627 33,166 Discounts and advances 219,200 9,285 54,701 18,665 24-854 11,195 10,1,10 1+2,080 15,850 i+,200: 7,360 5,8i+0 17,080 industrial loans 1,113 j 77 — 1,036 — —- --- — — —. — acceptances purchased 58,l61+ 58,16!+ :• T. S. Govt, securities: Bills lJ+,425,005 825,956 3,424,186 922,579 131-1.7,953 921,838 768,991 2225,375 011,84s 570,2l+? 660,611 534,332 1810,583 Certificates 7,375,752 51+7,556 2,000,290 605,217 704,087 1+30,500 1+09,535 1052,962 404,72k 225,933 375,129 321,1+42 752,247 Notes 595,600 1+1,1+09 151,271 l+r»,6l8 53,21+7 v:3,342 30,975 79,630 30,607 17,086 28,218 24,309 56,888 Bonds 755,290 52,512 191,829 57,81+9 67,525 1+6,086 59,280 100,980 58,814 21,66? 55,?83 50,326 ?2,ll+l Total U. S. Government securities 23,651,625 1I+67,1+33 5,767,576 1629,263 2172,815 1484,826 121+8,331 5456,947 1035,990 654,935 1097,741 911,409 2691,859 :otai loans and , ,- ; " securities 23,910,102 l4?6,795 5,860,41+1' 1648,961+" 2197,649 1496,021 1258,941 3501,02? noi,84o 639,135 1*105,-10-1' 915,249.2708,939 Due from foreign banks 83 5 1/ 27 7 8 4 3 11 3 2 3 3 7 T.R. notes of other banks 133,125 '6,985 22,755 5,300 5,325 20,407 9,513 14,103 ' "6,590 8,005 6,419 3,345 23,100 Uncollected items 2,194,6l6 186,966 1+35,324 123il70 208,157 164,359 127,034 346,041 =92,219 54,598 117,013 85,315 204,122 Tank premises 52,917 1,525- -8,564. 3,24l 3,955- 2,721 1,546 3,081 ; -2,052 1,231 2,556 312 1,325 Other assets 55,200 3,693 12,?40 A?l6 6,018 5,505 5,056 7,734 ,5,290 1,505 2,401 .: 2,545' 5,149 TOTAL ASSETS 44.733,940 2495,738 12,018,4+9 2715,804 3639,916 2613,276 2358,594 7351,970 1831,921 1055,850 1846,531 1517,573 5233,268 1/ After deducting $56,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION 0? THE FEDERAL RESERVE BANKS ON JULY 2l[, V)l\6 (In thousands of dollars) L I A B I L 1 T I 5 S Total Boston Nov/ York Phils.. Clove. Rich. Atlanta Chicago St,Louis NInn. Kans.Gy.. Dallas S&niararu Fodcrai Rosorvo notes 2^,185,233 1^67,529 5.^65,671 1636,069 2070,394 1655,285 11+21,1.10 W-i-62,207 105^,933 559,1+52 897,816 598,211; 289it,2S3 i U-^ DO o x i> hembor banlc-reserve aoct. 15,877,292 725,160 1+,966,1+1+6 796,181 1133,502 696,679 721,957 2279,215 59l+,?25 390,363 767,769 762,737 1992,560 U.S.Treasurer-general acct. 673,721 1+1,235 181+.387 1+5,919 56,675 1+1,086 35.1+29 107,999 36,312 21,61*0 21,333 28,671 52,535 Foreign 892,61+7 55,065 1/323,011+ 70,819 79,351 1+0,102 32,1/23 lilt.355 29,010 21,331 28,157 27,501+ 71,706 other 579,935 3,052 1+90,11+7 3,639 9,586 2,689 2,620 6,1+11 7,721+ 2,1+6? 2,251 1,179 1+8,570 Total deposits' 18,025,595 82l+,512 5,961+,52I+ 916,553 1528,91!+ 780,556 792,1*29 2507,960 667,769 1+35,801 819,510 819,891 2165,171 Deferred availability items 1,875,1+97 l6i,3l9 383,1+81+ 110,269 179,989 11+5,230 117,679 291+.073 85,692 1+2,687 105,702 76,789 172,081+ Other liabilities including accrued dividends 10,636 • 607 2,2o2 515 1,005 I488 1+59 2 ,061+ 361 1,097 1+00 1+15 965 TOTAL LIABILITIES l+i+,092,961 2l+5i+,l+67 11,815,91+1 2663,1+09 5580,302 2581,559 2331,977 7266,30L. 1808,755 1039,037 1823,1+28 11+95,509 5232,1+73 capital paid in 183,777 10,81+9 61+,5l6 13,575 18,363 7,719 6,986 22,01+1+ 5,922 3,988 6,07!+ 6,699 17,037 surplus (Section 7) 358,355 22,1+59 116,860 28,91+6 33,7i+5 15,595 lL,1+50 55,029 12,939 8,869 11,891 10,670 28,921+ Surplus (Section 13b) 27,1+28 3,012 7,205 1+,501 1,007 3,326 762 1,1+29 52? 1,073 1,137 1,307 2,ii 2 4 Other capital accounts 71,1+19 1+.971 15,927 5,575 ±JM± 5,079 1+,1+19 9,l61+ 5,778 2,885 1+,Q51 5,588 7,692 TOTiiL LIABILITIES AND CAPITAL ACCOUNTS l+l+,733,9l+0 21+95,758 12,018,141+9 2715,801+ 3639,916 2613,276 2358,591+ 7551,970 1331,921 1055,850 181+6,581 1517,573 5238,268 Coirimtments to make industrial loans 5,1+58 — — 981+ 521 159 16 5,600 -— — 1?0 8 r. R. notes outstanding 2^,936,1+35 151^,678 5,61:9,ll+2 1677,293 2125,355 1709,1+31 li+6a,025vli5l+9,838 1101,030 571,79k 920,6,60 628,708 302l+,3833 Collateral for F. R. notes hold by F. R. Agents: : Gold certificates 10,699,000 1+30,000 3,1+20,000 500,000 635,000 550,000 625,000 2065,000 300,000 175,000 280,000 169,000 1550,000 Eligible paper 53,976 1,605 ' ll+,7l+l 8,705 — 5,555 — — 11,770 1,200 3,1*00 — 7,000 U. S. Govt, securities li;,8l6,507 1100,000 2,300;000 1200,000 1550,000 1200,000 850,000 2500,000 916,507 1+00,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS .\ND SECURITIES Within 16 to 51 to 6l to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 3° <5&ys 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 219,200 90,161+ Il+,018 111,618 5,1+00 Industrial loans 1,113 9I+6 5 8 8 72 12 19-. 1+3 Acceptances purchased 38,l61+ 10,687 10,21+1+ 12,6-21 i+,6l2 U. S. Govt, securities 23,651,625 1+,203,619 2,l61+,7i+6 6,ll+7,839 5,198,789 l,23i+,900 3,629,61*2 1+6,1+JO 1+1+3,250 582,1+1+0 l/After deducting $569 ,113,000participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis