H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning/September 13; not earlier) E.k.l September 12, I9I16 CONDITION OF THE 'FEDERAL RESERVE BANKS. During the week ended September 11 member bank reserve balances increased $97*000,000*. Additions to member bank reserves arose from decreases of $9!;,000,000 in Treasury deposits with Federal Reserve Banks, $66,000,000* in nonmember deposits and other Federal Reserve accounts and $7,000,000 in money in circulation and in creases of $[{.,000,000 in gold stock and, $2,000,000 in Treasury currency, offset in part by a decrease -of $76,000,000 in Reserve Bank credit. Excess reserves ofmember banks on September 11 were estimated to be approximately $810,000,000. Holdings of loans, discounts and advances decreased $lil,000,000 and of United States Government securities $96,000,000. The decrease-in holdings of United States Government securities reflects a decrease of $250,000,000 in bills and an increase" of $15l|, 000,000. in certificates. Changes in member bank reserve balances and related items during the week and the year ended September 11, I9U6, we.re as follows; Increase or decrease since Sept. 11, Sept, k, Sept. 12, I9U6 I9U.6 19^5 (In millions of dollars) U S. Government securities 23,291 - 96 + U83 # Loans, discounts and advances 251 -, 111 - 209 Other Reserve Bank credit •39U +• 63 - 15 v Total Reserve Bank credit 23,935 - 76 + 258 Gold stock 20,288 + h + I92 Treasury currency h,5k5 + 2 + 329 Member bank reserve balances 16,086 + 97 +' 757 Money in circulation 28,1*99 - 7 + 706 Treasury cash 2,280 l + 13 Treasury deposits.'with' FV; ft. Banks" 199 - 9U - 399 Nonmember deposits and other F t R # accounts 1,703 - 66 - 3oo: Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.iNl(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE <BAN KS COMBINED t (In thousands of dollars) Increase or decrease since Sept. 11, Sept. 4, Sept. 12, I9I16 •• 1946 r 1945 A S S E TS Gold certificates 17,327>176 - 2,752 + 106,561 Redemption fund for F. R. notes 772,065 + 5,737 + 71,448 Total gold certificate reserves 18099»2Ulr + 2,985 + -177,809 f , , .«•„.,.„, ,,,-H .,.-,„. ., , ,.., X-mm Other cash 288i232 + 4,283 + . 74,820 Discounts and advances 249,425 - ul,880 - 207,799 Industrial loans 1,105, 33 1,748 iicceptances purchased 7,899 - 2,417 + 7,899 U. S. Govt, securities:. Bills :249,798 +l,'2o2 865 > Certificates 7, 464, 909 +155,500 + '725,548 Notes 595,600 -1,221,550 Bonds 755;290 - 222,102 Total U.S. Government , '] securities, " '-' 25,290,718 96,298 482,, 559 Total loans and securities 25,549,147 -140,628 + 280,911 Due from foreign banks * 92 + 9" '' 18 + 15,175 F„R. notes of, other banks 150,978 + : 29,269 +223,726 Uncollected items 2,511,518 + . 510,916 Bank premises 52,772' 1,.104 Other assets ^_-5Q,Q76 * 1,485- • 15;166 TOTAL ASSETS 44,462,056 +107,035 + 859,457 L I A B I L I T I ES Federal Reserve notes 24,464J94o: + 8,379 + 480,581 Deposits: Member bank - reserve account • 16,086;592 + 97,883 + 757,652 U.S,Treasurer - general account" - 198 • 98I- -94,005- 598,700 Foreign 692,190 .+ 84', 551 422,550 Other 450,080 -149,680 + 6,705 Total deposits 17,407,645 - 6i,45l - 56,675 Deferred availability items 1,925,399; +158,605 + '553,459 Other liabilities including accrueddividends 11,;900 132 + 1,507 TOTAL LIABILITIES 45,809; : 882. +105,549 + 758,872 C A P I T AL A CC -PUNT'S' Capital paid in 184,552 72 + 12,456 Surplus-(Section 7) 558,555 * + 150,202 Surplus (Section 13b) 27,428 + 265 Other capital'accounts * : 82*039' + 1,614' 42,556 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,462,:o56: +107,055 + 859,457 Ratio of gold certificate reserves to deposit;and F R note f # liabilities combined '43.:2fo : Commitments to make industrial laani 5,='99 8 27 1,587 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.b.l(b) STATEMENT OF'CONDITION OF'THE FEDERAL RESERVE BANKS ON SEPTEMBER 11, 19b 6 (In thousands-of dollars)' Total .Boston New York Phi la.;. ' Cleve., , - Rich. Atlanta - Chicago St. Louis- Minn, .Kans.Cy. Dallas SanFran. : A S S E TS Gold certificates 17,327,176 723,22o 5,392,871 815,22*9 1075,b95 908,059 880*21*1 55bl,055 55U,999V- 326,153 573,328 U67,385 2275,1U5 Redemption fund for : * ' . . . . . .. • - . , ^ •• F. R. notes 772,065 56,980 119/693 6o,8l9 75,755 62,p2o 2*1*,-922* 120,265 U2,125' 21,129 5b,566 25,511.108,282 Total gold'certificate '• . y reserves 18,099,2^1 780,200 5,512,56b 87k, 068 111*9/250 970,079 925,165 31*61,298 597,122 3b7,282 607,892*..-2*92,892* 2381,2*25 other cash 288,252 25,790 73,881 18,56b 19,2*31 20,005 20,587 57,76l 15,51b 6,957 lb,185 11,09b 28,867 Discounts and advances 2b9,b25 H,7b5 8b,l95 15,575 I7,lb5 I9,9b5 10,290 59,520 7,b95 11,750 10,985;-' 8,160 12,820 Industrial loans 1,105 73 "7 1,032 — ;''. Acceptances purchased 7,899 7,899 -— -— •' rJ. S. Govt, securities: BiHs Ib,b7b,9l9 828,535 3,595,585 950,806 lboo,650 92b,570 782,220 2187,b50 619,965 579,08b 676,902 555,625 I795,7b9 Certificates 7,b6b,909 5l8i,bb5 1,900,871 571,881 663,925 b5b,559 588,020-999,920 58b*,682 2ib,5bo 555,251 505,81* 1 711,196 Notes 595,600 1*1,365 151,66b -.1*5,628 52,972 36,268 »3o,959 -: 79,780 JO',692 17,102 28,185 2b,2b3 56,7bl* BmdS 755,290 52,b56 192,328 57,862 67,175 1*5,992 59,259 101,170 58,922 21,687 55,759 5Q,7b2 71,958 Total U.S. Government "~~ ~ ' ' : : : : ' ! ~ • 'r~~*. '. : * ' " ' ' " ' "" securities 23,290,718^0,801 5.638,22*6 1626,177'2181*.700. 11*61,389 121*0,1*58 3368,320 io7l*,26l 632,213 I09b^055 89b, 1*51 2655,6b? Total loans and sefcuritief 25,5b9,lb7 lb52,619, 5,750,5b0 162*2,58b 2201.82*5 4b8l,35b 1250,7b8 31*07,82*0. 1081,756 6b5,965 1105,02*0 902,611,26b8,b67 Due from foreign banks 5.* l/ 36 7 ' 8 2* • 3 •-11-- 3 2 3 57 g2 F.R.notes of other banks 130,978 . 5,752' 18",62*3 6,255 ": 6,*227 22,o5b 8,995 ' l6,9b'7 "'8,909 9,566 7,891 b,208 15,571 uncollected items 2,311,518 199,60b b88,6l5 151,969 195,650 I9b>l51 :lb7,555 561,080 111,022* 65,505 116,217 88,0b8 212,5bo Bank premises 52,772 1,515 8,552 5,218 3,912* 2,712* l,52*o 5,07b 2,026 1,276 2,5bb 806 1,815 other assets 50,076 5,560 11,671 5,572 5,208 5,o65 2,70b 6,996 5,070 1,1*1*9 2,258 2,012 b,755 TOTAL ASSETS' bb,b62,056 2b66,82*5" ll,8bb,282 2679,817 5581,555 2693,362 2357,077 7295,007 1817,b2b 1075,800 1856,010 1501,676 5295,225 ;l/ ;A£ter .deducting $56,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 11,1 946 (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 Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,464,940 11+68,1144' 5,546,216 1649,516 2088,288 1717,829 1433,^5 4503,585 1064,659 576,342 907,322 605,087 2904>507 Deposits: Member bank-reserve acct. 16,086,392 732,894 4,954,308 805,690 1194,725 736,955 736,720 2317,849 599,369 409,186. 795,799 771,215 2031,682 U.S.Treasurer-general acct. 198*981 598 188,922 391 575 524 504 492 503 * 1,043 1,552 1,084 2,793 Foreign 692,190 42,319 1/254,193 54,460 61,021 30,839 24,933 87,923 22,309 16,404 21,653 20,997 55,139 Other 1+30,080 4,310 ~ 346,075 2,231 8,382 3,306 1,701 5,859 7,768 2,001 1,191 671 46,585 Total deposits 17,407,643 780,121 5,743>498 862,772 1264,703 771,624 763,853 2J412,123 .629,92+9 428,632+ 820,195 793,967 2136,199 Deferred availability items 1,925,399 175,770 346,347 113,665 166,634 170,907 132,026 289,315 98,656 53,2248 102+,2+2+5 79,555 19i+,331 Other liabilities including accrued dividends 11,900 739 3,135 703 1,139 613 52+5 2 ,059 2+68 2+69 2+76' 2+28 1,126 TOTAL LIABILITIES 2+3,809,882 22+22+,77i+ 11,639,196 2626,656 3520,76!+ 2660,973 :329,8 72+7207,582 1793,732; 1058,693 1832,2+38 12+79,037 5236,163 : Capital paid in l82+,352 : 10,865 62+,538 15,637 13,2+83 7,752 7,006' 22,195 6,001- 3,998 6,082+ 6,706 17,037 Surplus (Section 7) 358,355 22,2+39 116,860 28,92+6 33,72+5 15,593 l2+,2i50 53,029 12,939 8,869 11,891 10,670 28,922+ •Surplus (Section I3b) 27,2+28 3,012 7,205 !+,501 1,007 3,326 762 1,2+29 527 1,073 1,137 1,307 2,12+2 Other capital accounts 82,039 5,755 16,2+33 6,077 7,534 5,718 2+,985 10,772 2+,225 3,167 2+,2+60 3,95& 8,957 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 2+2+,2+62,056 22+66,82+5 11,82+2+,282 2679,817 3531,553 2693,362 2357,077 7295,007 1317,^22+ 1075,300 1856,010 1501,676 5293,223 Commitments to make industrial loans 5,993 — — 503 671 12+7 —- 16 2+,0i+0 i+50 163 3 F. R. notes outstanding 25,091,69-6 1506,173 5,693,937 1651,572+ 212.0,2+89 1750,327 12+72,735 2+535,52^7 1102,202+ 587,1+98 929,691 635,157 2995,312+ Collateral for F+zR. notes1 held by F. R. Agents: Gold certificates 10,32+2+,000 222+++333000,,,000000000 333,,,222+++222000 ,000 500,000 635,000 530 ,000 535, ooo 2225,000 300,000 170 ,,,000000000 222 333000,,,000000000 111666999,,,000000000 1550,000 p Eligible paper •82,320 333,,,444222555 hhhooo 3,075 8 ,,,555000000 666,,,666999555 1,900 U. S. Govt, securities l2+,732+,oo6 111111000000,,,000000000 222,,,333000000 ,000 1200,000 1550,000 1200 ,000 900. ,000 2400,000 909,006 425 ,,,000000000 777000000,,,000000000 555000000;;;,,,000000000 1600,000 MATURITY DISTRIBUTEO N OF 1011is XL^D sEcuarr:I BS WWWiiittthhhiiinnn 1166 ttoo 31 to ,, 66ll ttoo 9911 ddaayyss ttoo 66 mmoonntthhss -- 111 tttooo 222 222 tttooo 555 Over Total ...111555 dddaaayyysss 3300 ddaayyss 60 days 9900 ddaayyss 66 mmoonntthhss ttoo 11 yyeeaarr yyyeeeaaarrrsss yyyeeeaaarrrsss 5 years Discounts and advances 22+9,2+25 •••999333,,,555333555... 1133,,111100 6,62+5 112266,,113355 Industrial loans 1,105 999666333 :: 11 8 ~~>> II77 1111 666 333666 acceptances purchased 7,399 222+++,,,333999777 ••'';; 33,,000022 OO U» S. Govt, securities 23,290,713 333,,,222666777,,,000222222+++ 33,,005599,,663366 5,223,158 NN ,,449922,,220011 22,,770044,,447744 33,,447722,,113355 444666 fff 444oooooo 444444333,,,222555000 582,440) l/iifter deducting $ 437,643,000particip-ations of other Federal Reserve Banks < Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis