H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, September 65 not earlier) H,U«1 September 5, I9I46 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September I4 member bank reserve balances increased $122,000,000. Additions to member bank reserves arose from decreases of $327,000,000 in Treasury deposits with Federal Reserve Banks and $19,000,000 in nonmember deposits and other Federal Reserve accounts, and an increase of $ii,000,000 in gold stock, offset in part by increases of $130,000,000 in money in circulation and $7,000,000 in Treasury cash, and a decrease of $91,000,000'in ; Reserve Bank credit. Ex-cess reserves of member banks on September ,k were estimated to be approximately $814.0,000,000, Holdings of loans, discounts and advances increased $75*000,000 while holdings of United States Government securities.decreased $219,000,000* The de crease in holdings of United States Government securities reflects a decrease of $[[68,000,000 in certificates and'an increase of $21+9,000,000 in bills. Changes in member bank reserve balances and related items during the week and the year ended September k> I9U6, were as follows? Increase or decrease since Sept. k, Aug. 28, Sept. 5, 19U6 I9I16 191+5 (In millions of dollars) U. S. Government securities 23,387 - 219 + 952 Loans, discounts and advances 292 + 75 - 88 Other Reserve Bank'credit 331 + 53 — li6 Total Reserye Bank credit 2it,011 _ 91 + 8I9 Gold, stock 20,281; + k + 196 Treasury currency kM --*- + 327 Member bank reserve balances 15,989 + 122 + 809 Money in circulation 28,506 + 130 + 756 Treasury cash 2,281 + 7 4- 12 Treasury deposits with F„ R.Banks 293 - 327 - U Nonmember, deposits and other F. R. accounts 1,769 - 19 - 223 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

• H.iul(a) STATEMENT: • Of .0ONDI Tl ON OF THE'TWELVE FEDERAL RESERVE BANKS COMBINED; (In thfiusaiads of dollars) Increase or decrease since Sept. U, Aug. 23,- Seat. 5, 19U6 " 19U6 I9U5 A S S E TS Gold certificates 17 ,329, 923 831 ' + 92, ,113 *" J 1 Redemption fund for"F. R. notes 7 DO, 328 + 2, 537 + eii, 350 Total gold certificate reserves .13,, 096, .'-\ J— /• - 1, 29U + 176, U63 Other cash • 263, 9^9 - 16, 9SI4 + 75,1U9 Discounts and advances 291, ,305 + 7U.971 - 85, 211* Industrial loans-' 1, 133 + 63 - 1, 608 Acceptances purchased 10, 316 - k,, 183 , • + 10, 316 U. S. Govt, securities: Bills *' 111, 721;, .717 +2143, 755 +1 ,622, 860 Certificates 7. ,311/^09 -1|68, 225 + 7l|2, 8U8 Notes v 595, 600 —• - -1 ,191, 850 Bonds 755', 29O •n-— - 222, 102 Total U.S. Government securities 23,387,016 21.9,1473 + 951,756 Total loans and securities 23,689,775 -II48, 622 ••+ 87^,990 Due from foreign banks 83 ' „ *>r" 27 F.R. notes of other banks 115,303 - 11,606 '",+ 19,920 Uncollected items 2,087,792 + 53,1914 + Uoi,2oiU Bank premises 32,772 31 - 1,105 Other assets Ii8,59l - 5,525 - 13,6148 TOTAL ASSETS l;li,355,02i -130,368 + 1 ,532,9146 L I A B I L I T I ES Federal Reserve notes 2h, 1456,561 + 1014,526' + 517,510 Deposits; Member bank - reserve account 15,988,509 +121,193 + 008,133 U.S.Treasurer - general account 292,936 -3.27,3114 - 11,3614 Foreign 607,839 - 2.2,857. - 5.27,279 Other- 579.760: - 3,26.0' + 186,0U5 Total deposits 17,l;69,09l4 ' -232,235 + 1455,585 Deferred availability items. 1,766,796 ; - 14,266 + 156,893 Other liabilities including accrued< dividends 'f2,082 ; 308 + 2,2U3 TOTAL LIABILITIES . Ii3,70l4,533 -132,236 + 1 ,1432,236 C A P I T AL A C C O U N TS Capital paid in i'e'l4,26o ' + :..: 70 + 12,U36 Surplus (Section 7) 356,355 + 130,202 Surplus (Section 13b) 27,1425 — + 263 Other capital accounts 80,1425 + 1,3148 - 142,191 TOTAL LIABILITIES AND- CAPITAL ACCOUNTS 1414,355,021 - 130,868 H ,532,9146 Ratio .of gold certificate reserves* to deposit- and F.R. note liabilities combined l43.2fo + .2fo . _ .$ Commitments to make industrial- loans . 5,97,1 88* + , 1,127 •August 28 figure revised. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.IN 1(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 1*, I9I46 (In thousands of dollars) Total Boston New York Phila. Gleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. A S S E TS Gold certificates 17,329*928 696,751* 5,665,1*51 802,555 1050,700 88ii,8l9 867,261 525^,825 551,651 517,815 561,021 1*62,506 22314,612 Redemption fund for F. R. notes 766,528- 56,981 ill;,697 6o,8l9 75,255 62,o2o 1.14,921+ 120,265 1+2,125 2Q,879 31,566 25,511 108,290 Total gold certificate reserves 18,096,256 753,755 5,780,1148 863,352 1125,955 91+6,859 912,185 5375,088 575,751+ 338,691+ 595,587 1+88,01725142,902 other cash 285,949 21,267 78,310 16,698 22,526 18,651 18,650 56,359 12,706 5,897 ll+,253 10,560 28,092 Discounts and advances 291,505 18,525 71,HO 22,705 58,loO 26,995 11,760 1+2,580 12,695 10,000 11,955 8,8l*0 16,180 Industrial loans 1,133 73 1,065 Acceptances purchased 10,316 - 10,316 — U. S. Govt, securities: Bills 114,7214,717 el+8,650 3,51+5,1+87 91+5,713 1379,826 93l+,8l7 780,1439 2228,1+21+ 618,876 380,680 686,1+1+1 51+2,90*4 1832,1*60 Certificates 7,3ii,U09 507,570 1,865,705 560,172 61+8,930, hhh,8I+9 379,961 980,095 577,191 210,008 31+5,796 297,269 695,867 Not'cs 595,600 1+1,31+8 151,820 1+5,653 52,365 56,253 50,952 79,81+0 30,726 17,107 28,170 21*, 216 56,687 Bonds 755,290 52,l+5u -192.-526 57,867 67,056 1+5,951+ 59,251 101,2147 38,965 21,691+ 55,722 50,709 71,885 Total U.S. Government securities' '23,387,016 11*50,002 5,753,536 1609,385 21143,655 11+61,658 1250,605 5589,6ol+ 1065,758 629,1*89 1096,129 895,098 2656,099 Total loans and ' ' ; : : securitieT 25,689,775 ll+68,6oo 5,83l+,9o2 1633,155 2186,815 11*88,853 121+2,363 31+51,981+ 1076,1+55 639,1+89 1108,081+ 903,958 2675,079 Due from foreign banks 53 5 1 /27 7 8 I4 " 3 H 3 2 5 3 7 F.R. notes of other banks n5,803 1+,S57- 1571+15 l+,785 6,378 20,868 7,377 ll+,377 6,183 9,121 7,967 5,57i+* ll+,901 Uncollected items .2,087,792 185,566 1+25,315 115,519 190,553 179,00l* 129,559 528,908 92,1+61+ 56,120 117,897 82,098 186,729 Bank premises 52,772 1,515 8,532 3,218 3,911; 2,711* 1,51*0 3,07k 2,026 1,276 2,514*4 806 1,813 Other assets 1+8,591 3,2,62 11,627 3,525 5,102 2,928 2,61+5 6,702 5,085 . 1,585 2,11*2 1,861+ l+,552 TOTAL ASSETS '1*14,555,021 2)456,607 12,i5l+,856 261*0,057 351+1,031 2659,81+1 25114,100 7196,505 1768,672 1051,982 181*9,1*77 H+90,860 5252,055 l/ After deducting $56,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.2+.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 1+, 1940 (In thousands of dollars) L I A B I L I T I ES Total Boston Now York Phila. Cleve. Rich. Atlanta Chicago St^Louis Minn. Kans.Cy. Dallas SanFran, Federal Reserve notes 2l+,456,56l 11+73,738 5,51+8,301 1649,01+4 2088,681 1710,915 11+32,129 1+507,118 1063,973 574,271+ 907,632 605,766 2894,990 Deposits: member bank-reserve acct. 15,988,509 708,990 5,01+2,918 806,235 1167,637 ?22,01+7 715,766 2250,328 574.041 396,002 795,990 769,635 2038,920 U.S.Treasurer-general acct. 292,986 583 285,306 283 567 559 359 51+1+ 502 1,034 656 507 l,6o6 Foreign 607,839 36,802 1/226,799 1+7,341 53,01+5 26,808 21,671+ 76,1+30 19,593 1U.259 18,822 18,252 1+3^214 Other 579,760 3.711 494,628 2,3*6 8.511 3,682 1,772 7,009 8,025 2,61,6 54+ 1,257 45,660 Total deposits 17,469,094 750,086 6,01+9,651 856,177 1229,"760 '753~,076 71+0,071 233!+",311 601Q6i 415,911! 816,009 "789'.6*53 2131^1+00 ; Deferred availability items 1,766,796 170,086 31+9,055 8l,ll|0 100,911+ 163,006 lll+,2o0 265,859 73,675 1+5.610 100,880 72,1+56 164,655 Other liabilities including accrued dividends 12,082 ?75 3,147 652 i 0o7 571 518 2,055 1<59 898 <+57 398 1,125 5 +01AL LIABILITIES l+3,70l+,533 2394,685 11,950,154 2587,013 5480,422 2027,568 2286,978 7109,323 I7U5,Ql+3 10511,923 1024,978 1468,271 5195,170 capital paid in l8l+,280 10,865 61+,588 13,620 18,461 7,736 7,001; 22,132 5,993 3,996 6,031 6,705 17,01+9 Surplus (Section 7) 358.355 22,1+39 116,860 23,946 3^745 15,593 li+,l+,:0 53,029 12,939 8,36? 11,891 10,o70 23,921+ Surplus (Section 13b) 27,1+23 3,012 7,205 4, 501 1,007 5,526 762 1,529 527 1,073 1,137 1,307 2,11+2 Ouw capital accounts SOj+25 5,606 16,029 5,977 7,596 5,618 1+.906 10,51+0 4,165 3,121 4,550 5,907 8,770 T0T.iL LIABILITIES AND COITAL ACCOUNTS hk,355,021 2436,607 12,15i+,836 261+0,057 5541,031 2659,81+1 25ll+,100 7196,503 1768,672 1051,982 131+8 ,2+77 1I4.90.860 5252,055 Commitments to make industrial loans 5,971 I+7I+ 671 lltf lo 4,01+0 1+50 163 8 F. R. notes outstanding 25,064,729 1501,21+2 5,687,798 T&99,099 2153,680 1750,052 1I+69,023 1+577,321+ 1101,950 585,71+9 928,317 630,881 2998,614 Collateral for F. 3. notes held by F. R. agents: Gold certificates 10,899,000 430,000 3,1+20,000 500,000 635,000 565,000 585,000 2295,000 300,000 170,000 230,000 169,000 1550,000 Eligible paper 105,805 10,845 31,150 12,745 —• 21,555 — — 8,6l5 7,000 7,995 — 6,100 U. S. Govt, securities 14,697,011 1100,000 2,500,000 1200,000 1550,000 1200,000 900,000 2300,000 922,011 1+25,000 700,000 500,000 16-00,000 MATURITY DISTRIBUTION OF LOANS ,AUD S:i:CTTRITI~S Within 16 to 31 tc 6l to 91 d:ys to 6 months I to 2 2 to 5 Over Total 15 days 30 days 60 days 90 days 6 luonths to 1 year years years 5 years Discounts and advances 291,305 lol,790 6,735 1,710 121,070 — — — Industrial loans 1,138 992 6 8 8 67 12 9 36 acceptances purchased 10,316 5,561+ 3,7-1+9 1,003 u, S. Govt, securities 23,387,016 3,336,272 3,147,623 5,204,036 Z+,577,336 2,672,1+74 3,376,635 k6,hOQ 2+1+5,250 582,1+1+0 l/After deducting $380,1+59,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis