H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, August 30; not earlier) H.U.I August 29, I9U6 " CPNDIT!°N OF THE FSDBRAL RESERVE BANKS During the week ended August 28. member", bahk reserve'balances decreased $66,000,000. Reductions in member'bank reserves,arose from increases of $80,000,000 in Treasury deposits with Federal Reserve Banks, $11,000,000 in money in circulation, and $9,000,000 in Treasury cash, and a decrease of $7,000,000 in Reserve Bank credit, of.fset.iin part by an increase of $6,000,p00 in gold stock and a decrease of $31-1,000,000 in noninember deposits and other Federal Reserve accounts. Excess reserves of member banks on August 23 were' estimated to be approximately $790,000,000. * Holdings^, of loans, discounts and advances decreased $13,000,000 while holdings of United States Government' securities increased $120,000,000. The increas in holdings of United States- Government securities reflects increases of $113,000,000 in bills and $8,000,000 in certificates. Changes in member bank res-erve balances and related items during the week and the year ended "August 28, l9i|6, were as -follows: Increase or decrease since Aug. 28, Aug. 21, Aug. 29, 19I46 " 19U6 19a5 (In millions of dollars) U. S. Government securities 23,606 + ' 120 +I,2li8 Loans, discounts and advances 217 - 13 - 228 Other Reserve Bank credit « 278 - 115 + 18 Total Reserve Bank credit 2k,102 "- - 7 +1,039 Gold stock 20,280 + 6 + 192 Treasury currency U,5U3 + 328 Member bank'reserve balance's 15,667 -- 66 + 797 Money* in circulation 28,376 + 11 + 776 Treasury cash : 2,27ii + 9 + 12 Treasury deposits with F. R # Banks 620 + 80 + ' 223 Nonme-mber deposits, and other If.R.. ^ccourits 1,788 -. 3k - 2^7 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4'.l(a) :STATEMENT OF CONDITION; OF THE TWELVE FEDERAL RESERVE BANKS. COMBINED (In thousands of dollars)' Increase or decrease since Au£. 28, Aug, 21, Aug. 29, - "l9u6 S S E T S Gold certificates 17,333,759 - n,997 + 9U,1M Redemption fund for F # R. notes 765,791 + 9,5ltQ + . 76,69k Total gold certificate reserves, 18,097,550.. - 2,1,57 + :17l, 138 Other cash 300,933 + 181 + : 8O,6ii0 Discounts and advances 216,331* - 12,981 - 225,905 Industrial loans 1,075 + 16 - .' 1,912 Acceptances purchased Il4,it99 - 3,390 + ' ih;h99 U. S. Govt, securities:; Bills 1U,1I75,962 +112,653 +I,3lil4,323 Certificates 7,779.637 + 8,000 +1,395,126 Notes 59.5,600 -1^13,1,350 Bonds - 359,152 Total U. S . 'Government 755,290 # securities +120,653 +1,2148,9^7 23,606,489 Total loans and securities +1014,298 +1,035,629 Due•from forei gn.banks 23,838,397 . 27 F # R. notes of other banks 03 + 2,2*16 + 28,835 Uncollected items 127,^09 -208,31U + 376,179 Bank premises- 2,031*, 598 1,105 Other assets 32,803 + 143 12,618 5ii>li6 T C;" T Ala -a. S S xij T S -103,512 +1,673,671 kk, 1^65,389 L I A B I L I T I ES Federal Reserve notes 214,352,035 i + 13,310 +• 5^6,852 Deposits s Member bank - reserve account 15,867,516 ; - 65,852 + 796,955 U.S.Treasurer - general account.' 620,300 ! +. 79,833 + 222,823 Foreign 650,696.' - 71,267 - 537,255 Other 533,020- + 314,577 + 173,1499 Total deposits 17,701,332 i - 22,709 + 656,022 Deferred availability itoms l 771,6-62 J r 96,99? + 372,29k y Other liabilities including accrued dividends 12,390 + 1,095 + 2,597 TOTAL LIABILITIES l43,;836,8i9 -105,296 +1 ,577,765 s C A P I T AL A ' C C O U ' S I S. Capital paid in 'l8l|,2lo; + 18 ;+ '12,376 Surplus (Section 7) 358,355; — ,+ 130,202 Surplus (Section 13b) .' 27,1428-' + 263 Other capital accounts .; 79,077' + 1,766 - U,.93 5 TCT..L LIABILITIES AND CAPITAL ACCOUNTS hh,k85,QBQ .-103,512 +1. ,678,671 Ratio of p;cld certificate reserves to deposit and F. R. noteliabilities c'ombined 143.0/0 Commitments to.make industrial loans 6,159, • 17 1,197 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1(b) iUU STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON AUGUST 28, 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 17,553,759 733,290 5,309,505 81-8,221 1113,; 180' 897,167 871*,1+53 3i£0,l95 555,757 351,881 576,012 l*6i,9l*3 2212,155 Redemption fund for E. R. note's 765,791 57,01+5 114,955 59,956 75,547. 62,1*62 1*2,1*20 120,367 1*2,11*9 20,638 5U,59l 25,528 108,375 Total gold certificate reserves- • 18,097,550 790,535 5,^21*,1*1*0 908,157 1188,527 959,629 916,875 55liO,562 597,906 552,519 610,603 487,4712320,528 other cash- 500,933 23,280 83,057 19,136 20,516 19,518 21,222 38,566 12,929 5,956 15,235 11,055 30,483 Discounts and. advances 216,354 12,250 72,065 ll*,150 13,1+15 19,215 13,961; 27,900 U*,6l5 3,000 1*,660 6,340 li*,700 Industrial loans 73 ___ ___ ___ ___ _._ .__ „*. lj0?5 lj0o2 Acceptances purchased ]_[, [,QQ ]_), ),aq . U. S. Govt, securities; Bilis . 11*,1*75,962 823,652 3,508,067 9H,971 1393,011 932,715 773,161 2139,606 613,209 380,581 679,223 528,280 1792,486 Certificates 7,779,637 51+0,71*7 1,977, ol*3 595,887" 694,687 474,477 J*ol*,5l*i lol*o;557 1&Q',Q33 22-3,222 568,1*73 517,323 71+2,61*2 Notes 595,600 lil,399 151,360 ii5,62i 53,185 36,325 30,971 79,661; 30,626 ; 17,089 28,210 2l*,29l* 56,856 Bonds 755,290 52,499 191,942 '57,852 67,444' '46,064 59,275' 101,025 38,838 - 21,672- . 55,774 30/807 72,100 Totaj. U.S. Government securities 23,6o6,l|89 11*58,297 5,828,1*12 1611,551 2208,327 11*89,581 121*7,948 3560,850 1082,711 61*2,561* 1111,680 900,701* 2661*,08l* Total loans and [ sccuritieT 23,638,397 H*70,6oo 5,914,976 1626,1+83'2221,71*2 1508,796 1261,912 3388,850 1097,326 -61*5,561* 1116,-340 907,01*4 2678,781* Due from foreign banks " 83 5 l/ 27 7 8 1* 3 11 3 2 3 3 7 F.R.notes of other banks 127,1*09 5,636 17,385 5,025 5,765 20,002 9,555 15,072 8,881 8,795 6,308 3,719 21,266 Uncollected items 2,03!*,598 162,556 1*29,1*86 115,481* I8l*,529 ,166,-329 116,379 525,175 95,656 . 56,095 105,1*89 9l*,994 181*,626 Bank premises 52,805 1,315 8,551' ' 3,218- 3,9ll* 2,7;ll*. 1,51*0 3',074 2,026""•• '1,279 ' '2^50 ' 8O9 1,-813 ether assets 54,116 -5,732 12,811* 3,708 5,607 3,553 2,956 7,525 5,51+5 ' 1,537 2,395 2,357 5,009 TOTAL ASSETS 1*1* ,1*85,889 21*57,259 11,890,736 2681,218 5630,608 2680,31*5 233o,l*2o 7318,615 1816,072 1071,727 1858,923 1507VI152 521*2,516 l/ After deducting $56,000 participations of other Federal Reserve Banks, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

n.aiJ.(cJ- STAialtSKl OF CONDITION OF THE FEDERAL RESERVE BAMS ON AUGUST 28, 19^+o (In thousands of dollars) L I A B I L I T I ES Total Boston New York _ Phila. Cleve. Rich. Atlanta. Chicago St.Louis Minr,.-.Kans.Oy. Dallas SanFran. Federal Reserve notes 22+, 352,035 12+66,901 5,51n,577 l6Li+,l82+ 2063,769 1699,105 12+27,153 2+2+95,222+ 1058,2+63 571,341,.. 902,6l2+ 602,773 2635,933 Depositsllembsr bank-reserve acct. 15,867,316 720,093 2+,911,373 797,202+ 1136,2+07 750,552.; 719,9^2 2288,769 582+,355 395,919 7-80,362 754,132 2000,221 U.S.Treasurer-general aca. 620,300 37,331+ - 176,653 29,301 70,398 36,656 21,Ol2+ 91,82+3 53,69h 2k,37k 3^,0i+o 20,1:20 2+1,012 Foreirr. 630,696 33,23a 1/235,032 2+9,159 55,082 27,8-37 22,507 79,366 20,153 li+,80? 19,52+5 18,955 50,0^6 Other"' 535,020 2,78? 2+95,070 2,387 10,2+03 3,591 3,206 5,232, 7,2+05 2,270 1,658 2+,229 2+2+,.782 Total deposits 17,701,332 798,998 5,318,133' 378,551 -1322,790 798,638 766,669 22+65,217 ' 62+5,570 2+35,370 837,611 797,73^2136,051 Deferred availability items 1,771,062 li+3,795 3U9,7l2+ 102+,910 162,517 12+9,810 109,003 269,222+ 33,022 hT,b9h 9h,<&7 63,911 162,755 Other liabilities including accrued dividends * 12,390 696 3,831 ..657 1,107 533 550 2,021 2+6l 391 • 2+31 2+32 1,075 TOTAL LIABILITIES 2+3,836,819 22+15,390 11,686,505 2628,302 3570,183 262+8,139 2303,375 7231,606 1792,516 1052**696 1635,513 l2+32+,900 5l35,6li+ Capital paid in 182+,210 .10,865 - 62+,575 13,613 18,2+26 7,733 7,001 22,130 5,938 3,995 6,080 6,705 17,02+9 Surplus (Section 7.) 353,355. 22,2+39 il6,36o 23,92+6 33,72+5 15,593 li+,2+50 53,029 12,939 8,369 11,391 10,670 28,922+ Surplus (Section 13b} 27*2+28 3,012 7,205 2+.501 1,007 3,32c 762 1,2+29 527 1,073 1,137 1,307 2,1242 other capital accounts 79,077 5,553 15,791 5,856 7,22+7 5,55k 2+,832 10,289 2+,lQ2 3,092+ ^,302 5,870 8,587 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 2+2+,2+85,339 22,57,259 11,390,736 2631,218 3630,603 2680,52+5 2330,2+20 7316,613 1816,072 1071,727 1853,923 1507,2+52 522+2,516 Coii'jrdtmonts to make industrial loans 6,159 637 696 12+9 — 16 2+,02+0 2+50 163 8 F. R. notes outstanding 22+,990,26-2 1502+,72+3 5,672+,222+ 1683,073 2132,516 1737,12+1+ 12+65,182 2+568,966 1093,208 531,265 927,691 630,857 2991,333 Collateral for F. R. notes held by F. R. Agents: Cold certificates 10,839,000 2+30,000 3,2+20,000 500,000 635,000 565,000 625,000 2195,000 300,000 170,000 230,000 169,000 1550,000 Eligible paper 70,275 "^,550 ' 32,105 2+,190 — 13,575 — — 10,535 — 700 — i+,620 U. S. -Govt, securities l2+,72+0,106 1100,000 2,300,000 1200,000 1550,000 1200,000 850,000 22+00,000 915,106 2+25,000 700,000 500,000 lo00,000 MATURITY DISTRIBUTION OF LOANS AlTD SECURITIES Within 16 to 31 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15 days 3'0 days oO days 90 days 6 months to 1 year years years 5 years Discounts and advances 216,332.+ 91 ,h9k 1,305 2,375 121,100 Industrial loans 1,075 929 .6 3 3 67 12 9 36 acceptances purchased ' l2+,2+99 6,993 2+,5i+0 2,966 ™ — v., s. Govt, securities 23,6o6,2+39 2+,987,353 2,262+,733 5,287,512 5,02+3,109 2,2l2+,950 2,731,137 2+6,2+00 2+2+3,250 5o2,2+2+0 l/ After deducting $395,051,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis