H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD,OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, August'23; not earlier) H.U.I CONDITION OF THE FEDERAL RESERVE BANKS During the week ended. August 21 member bank reserve" balances decreased $75*000,000. Reductions in member bank reserves arose ^from a decrease of $129,000,000 in Reserve Bank credit and increases of $12,000,000 in money in circu lation 'and $3,000,000' in Treasury cash, offset in part by increases of $6,000,000 in gold Stock and $2,000,000 in Treasury currency and decreases ;of $17,000,000 in treasury deposits ^rith Federal Reserve Banks and $45*000,000 in nonmember deposits and other' FeWral" Reserve accounts. Excess reserve s** of'-member banks on August 21 were estimated to be approximately $890,000,000. Holdings of loans, discounts, and advances decreased $34,000,000 and of United States Government securities $89,000,000, the latter'decrease reflecting a like decraase.in bills.. Changes in member bank reserve balances and related items during the week and the year ended August 21, I9I46, were as follows; Increase; or decrease since Aug. 21, Aug. lli,. Aug. 22, I9I16 19)46 19^5 (In millions of dollars) U. S. Government securities 23,486 - 89: + 1,190 Loans> discounts and advances 230 - 34' - 173 Other Reserve.Bank credit 393 - 6; -. 51 Total Reserve Bank credit 24,109 «. 129! + 967 Gold stock ; 20,27U + 6 + 186 Treasury currency 4,543 + 2 + 3U2 Member bank reserve balances 15,933 - 75 + 9^1 Money in circulation 28,365 + 12 + 859 Treasury cash 2,265 + 3 + 17 Treasury deposits with F/R. Banks..' 540 •3 17 - 131 Nonmember deposits and other F. R. accounts 1,822 - 45 - 193 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H*l|.l(a) STATEMENT OF CONDITION OF'THE TWELVE FEDERAL RESERVE'"BANKS COMBINED (In- thousands of dollars) Increase or decrease since Au|?. 21, Aug; 1[|, Aug. 22, 19»;6 I9u6 "19U5 A S S E TS Gold certificates 17,3U5,756 - 5,1451 + . I0b,l+i|l Redemption fund for F # R. notes 7514,251 + 5,516 + 70,759 Total gold certificate reser ves 18,100,007 - 1,905 + . 171,180 Other cash • 300,752 + 2,332- + 90,375 Discounts and advances. 229,515 - 53,083 - 170,019 Industrial loans 1,059 79 2,188 Acceptances purchased ' 17,859 - 5,131 + _ 17,889 U. 8. Govt, securities* Bills 111, 363,509: -. 89,030 H,17j4,523 Certificates 7,771,637 +1,1+914,126 Notes 595,600 4,119,350 Bonds 755,290 - 359,152 Total U« S. Government; SQcmriti-es ~ 23^85,836 - 89,030 +1,190,11*7 Total loans and securities 23,7311,099' -127,525 +1,035,829 Due from foreign banks; 63 27 F, E. notes of other -bfuiks 1214,993 - 5,325 v 314,281 Uncollected items : 2.,.2i|2,9l2. -2U3,792 + 229,7143 Bank premises :' 32,652: + 2 1,103 Other assets + l,h'5h - 11,00J4 55,703 TOTAL ASSETS U4,569,Uoi -372,377 +1,5149,2714 L I A B I L I T I ES Federal Reserve notes- 214,358,725 +• k, 666 •+ 6kk,%h Deposits j Iviember bank - reserve account 15,933,168' - 71,877 + 9l4l,503 U.S. Treasurer - general account '5l40,a67; - 16,797 - 130,790 Foreign , 70l,.965 - 60,197 - 1|68,276 Other . 5l46,l;li5; + 15,^714" + 161,250 Total .deposits 17,7214,0l| li -156,597 + 505,667 Deferred a'yailability items l,368,05li -2^2,619 * 298,309 Other liabilities, including accrued dividends "f n,295 + lilO '* ' 1,525 TOTAL LIABILITIES ^5,9)42,115 -57li,l20 +l,) l48,oi45 4 •iJr JJL TAL A G C O U N TS Capital paid in ' ! 18l ,l92 <-\ 12,561 4 Suro.lus (Section.-7) 556,555 + 150,202 Surplus (S.oction 13b) 27,] 2S + 265 Other capital accounts 4 1,1*62 77,5-U - h 1,795 TOTAL LIABILITIES AND CAPITAL-ACCpUNTS ^,589il401 -572,577 .+I,5i49,27l4 Ratio of ^®ld certificate reserves to duposit and F R note # # 1 i ab i 1:1. "bi e s c ombine d 15.< - .8f. Commitments to make industrial loans 6,1^ I40 + . 1,286 ; Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(b) STATEMENT OF CONDITION OF TH& FEDERAL RESERVE BANKS ON AUGUST 21, I946 (In thousands of dollars) Total Boston New York Phila; Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. • Dallas SanFran. A S S E TS Gold certificates 17,345,756 745,709 5,399,919 821*,834 1116,619 878,1*83 887,566 3360,730 565,13a 329,917 570,626 464,772 2201,1*1*7 Redemption fund for F. R. notes' 754,251 57,154 115,389 60,093 75,521 61,069 42,595 110,564 42,198 2o,666 34,637 25,565 108,800 Total gold certificate reserves 18,100,007 802,863 5,515,308 882*,927 1192,11*0 939,552 930,161 3471,291* 607,332 350,583 605,263 1*90,337 2310,21*7 other cash' 300,752 21,1*51 83,970 19,463 22,767 18,039 20,1*1*3 38,632 11,908 5,493 15,077 lo',6!*0 32,861* Discounts and advances 229,315 13,225 62,605 16,765 15,390 20,710 9,660 :1*2,880 16,680 5,000 1*,660 5,340 16,400 Industrial loans 1,059 73 ~ 975 H Acceptances purchased 17,389 17,839 U. S. Govt, securities: Bills 14,363,309 817,936 3,416,347 938,6811360,336 929,144 772,2902139,323 601,91*1 374,627 675,962 531,385 1801*,337 Certificates 7,771,637 540,180 1,975,106 595,277 693,905 473,970 1*04,121 1039,521* 399,648 222,998 368,086 316,979 741,81*3 Kotes 595,600 1*1,398 151,368 1*5,621 53,179 36,321* 30,971 79,667 30,628 17,089 28,209 24,293 56,853 BondS 755,290 52,1*98 191,952 57,852 67,1*58 1*6,063 39,274 101,027 38,61*0 21,671 35,773 30,806 72,096 Total U.S. Government securities" '23,1*85,836 11*52,012 5,734,773 1637,431 2175,358 li*85,50l 121*6,656 5359,541 1071,057 636,585 1108,050 905,465 2675,629 Total loans and securities" 25,734,099 11*65,310 5,815,267 1655,171 2190,759 1506,211 1256,316 3402,1*21 1087,737 61*1,385 1112,690 908,805 2692,029 Due from foreign banks 53 5 l/ 27 7 8 1* 5 11 3 2 3 3 7 F.R.notes of other banks 121*,993 5,822 19,875 5,442 5,713 18,911 9,1*38 13,895 7,405 8,273 5,987 3,665 20,562 Uncollected items 2,21*2,912 189,671 502,238 129,256 2ol*,650 169,957 130,189 353,662 97,822 57,357 108,734 94,381* 204,1*92 aank premises 32,852 1,320 8,550 3,229 3,923 2,721 1,51*3 5,080 2,029 1,279 2,550 809 1,819 Other assets 53,703 3,559 12,441 5,608 5,857 3,262 2,857 7,148 3,331 1,520 •2,310 •2,521 5,509 TOTAL ASSETS 1*4,589,^01 21*39,961 11,957,676 2701,103 3625,817 2658,657 2350,950 7290,145 1817,567 1066,1*02 1852,614 1510,962 5267,529 l/ 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 WA-JDIXIGN OF THE FEDERAL RESERVE. BAMS ON AUGUT: £i, I9i (•In thousands of dollars) L I L IT E S Total Boston New York Phila. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. ;xev( Federal Reserve notes 2l+,3'33.725 li+66,089 5,505,21+8 161+5,858 2080,901+ 1696,729 11+29,027 4494,835 1060,181+' 568,985 .904,201 603,325 2885,31+1+ Deposits: Member bank-reserve acct. 15,935,168 729,256 5,052,205 795,070 1177,342 710,162 721,502 2242,126 583,151 595,253 781,338 759,568 2005,890 U.S.Treasurer-general acct. 5I+O.I+67 1+0,559 133,671 54,252 59.267 32,011+ 22,579 9*1,159 31,059 16,9632 21,163 21,582 33,391+ Foreign 701,963 1+2,718 1/2.^9,1+36. 55,021+ 61,653 31,158 25,192 88,831+ 22,51^.0 16,573 21,877 21,211+ 55,71+1+ Other 5I+8,1+1+3 .2,51+8 - 1+62,531 2,221+ 7,958 3,238 2,856 l+,533 - 8,1+26 2,1+99 1,896 2,255 1+7,1+1+9 Total deposits 17,72l+,0l+l 8l!+,88l 5,887,31+3 886,570 1306,200 776,622 772,129 2429,652 61+5,1+76 1+51,293 826,279 8ul+,6l9 2142,477 Deferred availability items 1,868,05!+ 166,679 357,259 117,271 177,1+23 152,669 122,31+1 .277,09^ 88,019 1+8,702 98,337 80,039 132,121 Other liabilities including "-" accrued dividends ' 11,295 61+0 3,502 515 1,020 51+0 502 1,879 1+08 1+59 U+5 1+57 1,063 TOxAl LIABILITIES 1+3,91+2,115 21+1+8,239 11,753,652 261+8,314 3565,547 2626,560 2323,999 7203,458 1794,087 1049,419 1829,312 1433,468 5211,010 Capital paid in 181+,192 10,865 61+,575 15,605 i1f8t ,l'+<2?c* 7,735 7,000 22,173 5,933 3,994 6,030 6,705 17,01+8 Surplus (Section 7) 353,355 22,1+39 116,860 28,91+6 33,745 15,595 14,450 55,029 12,959 3,869 11,391 10,670 28,924 Surplus (Section 13b) 27,1+23 3,012 7,20= 1+,501 1,007 3,526 762 1,1+29 527 1,073 1,137 1,307 2,11+2 Other capital accounts 77,3H 5,376 15,554 5,737 7,092 5,1+1+5 4,739 10,054 4,026 3,047 4,194 3,812 8,405 TOTAL LIABILITIES AND 1+4,589,401 2489,981 11,957,676 2701,103 3625,817 2658,657 2550,950 7290,145 1817,567 1066,402 1352,614 1510,962 5267,529 CAPITAL ACCOUNTS Commitments to make industrial loans 6,142 620 696 149 — 16 4,040 — 450 165 8 F. R. notes'outstanding 24,983,1+73 •1505,725 5,657,013 1691,529 2152,542 1740,709 1466,922 4565,974 1096,525 .577,920 950,987 627,110 2996,114 Collateral for F. R. notes freld by F. R. agents: Gold certificates 11,059,000 450,000 5,420,000 500,000 655,000 565,000 •625,000.2595,000 ,500,000 170,000 280,000 169,000 1550,000 Eligible paper' 66,l40 •- "22,645 6,805 15,0-70'' -— —- 12,500 2,000 700 — 6,520 U. S. Govt, securities ll+,556,576 ^•1100,000 2,500,0001200,0001550,0001200,000 850,0002200,000 911,576 425,000 700,000 500,0001600,000 MATURITY DISTRIBUTION OF LOANS 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.'. days 60 days 90 days 6 months to 1 year years years 5 years Q»iscc uni advances 229,515 207,710 '3,330 2,100 6,175 5,000 Industrial loans 1 ,059 901 7 6 ...-. 19 69 12 "56 -Acceptances purchased 17,339 8,120 5,158 4,611 U. S. Govt, securities 25,435,856 4,991,853 2,211,108 5,266,31+9 5,ooS,M 2,206,950 2,731*187' ii6,) : .o o 1^3,250 5Q2,hho l/ i.fter deducting v Uh2,131 pOC^articipations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis