H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, September 20; not earlier. H.^.l September I9, 1*6 CONDITION OF THE FEDERAL RESERVE SYSTEM During the week ended September 18 member bank reserve balances increased $19U*000,000. Additions to member bank reserves arose from an increase of $289,000,000 in Reserve Bank* credit,. and decreases "of $l|cS, 000",000 in money in-circu­ lation, $15,000,000 in Treasury cash and $1^,000,000 in nonmember deposits and other federal Reserve accounts, offset in part by an increase of $160,000,000 in Treasury deposits with Federal Reserve Banks. Excess reserves of member banks on September 18 were'estimated to be -approximately $930,000,000. Holdings of loans, discounts and advances increased $12,00(5,000 and of United States Government securities $130,000,000. The increase in holdings of United States Government securities reflects a decrease of $8,000,000 in bills and an increase of $139,000,000 in certificates. Changes in member bank reserve balances-and related items during the week and the year ended September 18, I9I46, were as followss Increase or decrease since Sept, 18, Sept. 11, Sept. 19 19U6- 1*5 (In mi Hi oris of dollars) U» S* Government securities 23,121 + 130 + ^56 Loans, discounts and advances 263 12 - ill Other "Reserve -Bank credit. 5Uo + UU6 + 102 Total Reserve Bank credit . 2U,22i| + '289 + 517 Gold stock 20,288 + 193 Treasury currency h,5k5 + 323 Member bank reserve balances 16,280 + 19U + 728 Money in circulation 28,li53 U6 + 676 Treasury cash 2,265 15 3 Treasury'derposits with F. R« Banks, 359 + 160 - 69 Nonmember deposits and other F.R.account;ss 11,,669999 h - 301 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.t.l(a) STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase, or decrease since Sept. 18, Sept. 11, Sept. 19, 19i*6 I9I46 1*5 A S S E TS Gold certificates 17 ,"327,178 +■ 2 + 120,363 Redemption fund for F. H. notes 771,14*6 + 56,829 " $19. Total gold certificate reserves 18,098,62U 617 + 177,192 Other cash 296,572 + 8,31*0. + 71*, 973 Discounts and advances 262,200 * 12,775* - ,38,897 Industrial loans 1,067 38 1,705 Acceptances purchased $,kk5 - 2,1*5U ♦ 5,1*1*5 U. S, Govt, securities: 1 Bills lh,h 66,51*0 - * 8,379 +1,282,1*53 Certificates 7,603,1409 +138,500 + 671,51*8 Notes 595*600 -1,276,550 Bonds 755*290 — - 222,102 Total U, S. Government ■ securities ,23*14.20,839 +130,121 + 1*55,-31*9 Total loans*and securities 23*689,551 +Il*0,l40i4 + 1*20,192 Due from foreign banks 92 -„- 18 F. R. notes of other banks 139*1214 + 8,1146 •+ 33,611 Uncollected items 2,890,006 +578,1*88 + 615,533 Bank-premises 32,772 1,108 Other' assets 1*1*, 791 .- 5*285 - 10,967 TOTAL ASSETS ' 115,191,532 .+729,1*76 +1,309,1*08 L I AB I L I T I BS Federal Reserve notes • 21^19,227 - 1*5,713 + 1*1*2,853 Deposits; , t Member bank - reserve account 16,280,203 +193,811 + '727,990 U # S,Treasurer - general account 359*357 +160,376 - 68;167 Foreign 651,0114 - 1*1,176 - 1*33,1483 Other 1460,1456 + 30,376 + 19,672 Total deposits 17,751,030 '+31*3,367 + *2ii6,0l2 Deferred availability items •2,355*992 +1*30,593 + 519,200 Other liabilities including accrued ' dividends, .11,697 203- + "* 931* TOTAL LIABILITIES kk, 537,91*6 +728,'o6l4' +lv,208,999 t C A P I T AL A C C O U N TS ; Capital paid in }6l*,385 + 33 + 12,1473 Surplus (Section 7) . "-358,555 «* "»""""» + 130,202 Surplus (Section 13b) !27,428 --- + " 263 Other capital accounts ,83,1*18 + 1,379 - 142,529 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*5,^91*532 +729,,^76 +1,309,1*08 Ratio of g&ld certificate reserves to deposit and F. 'R,,*noto liabilities combined- U2.SP6 - .38*' .3fo Commitments to make industrial loans 5,935 - 63 +■ 1,310 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.i^l(b) STATEMENT OF CONDITION OP THE* FEDERAL RESERVE BANKS ON SEPTEMBER 18,191+6 (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 17,327,178 737,696 5,552,722 839,310 1101,297 878,710 81+6,280 3258,177 5U9,o67 320,855 557,353. 1+1+U1+20 221+1,291 Redemption fund for . ' F. R. notes 771,^1+6 56,861 1-19,236 60,615 75,566 63,129 1+1+,775 l2Q0l+6 1+2,055 21,110 3^,521 25,1+62 108,070 r Total gold certificate resgrves 18,098,621+ 79*+,557 5,671,958 899,9251176,863 9^1,839 891,055 3378,223 591,122 31+1,965 591,871+ 1+69,-882231+9,361 Other cash 296,572 25,817 75,U+9 18,697 21,573 19,321+ 19,831 38,888 13,31+9 ' :6,76o 15,198 10,1+18 31,566 Discounts-.and advances 262,200 17,065 50,635 13,31+0 li+,815 18,095 9,H+0 5U,770 26,895 22^850 16,085 5,360 12,950 Industrial loans ^ Q£? 72 . qo^ „ _ . _. „._.. __.. Acceptances purchased c JI^C . 5 ]^+c 1 J.S. Govt, securities: Bills ll+,l+66,5l+0 80i+,338 3,526,1+32 922,551 136!+,565 929,366 779*3682193,997 583,600 36Lt,21+l+ 67M05 527*9711796,003 Certificates 7,603,1+09 528,259 l,93l+>397 582,1+1+5 677,1+57 1+63,321+ 395,289 1017,803 391,1+39 218,251 359,938 309,77U 725,033 Notes 595,600 1+1,381 151,528 1+5,625 53,067* 36,293 30/965 79,728 30,663 17,096 23,195 2l+,265 56,-79k Bonds 755,290 52,1+75 192,155 57,857 67,296 1+6,021+ 39,267 101,105 38,881+ 2i,6»8p . 35,J55 30,771 72,o2i ■ ', .-—^. III I I I I! I li I I II ■! „ II . 11 I I ' LI .11 II * II I I I Ti I I . II I II I I ■ I ■ ■'-■ I • -^'otal U.S. Government securities 23,,l+2o,839 H+26,1+53 5,80l+,5l2 1608,1+78 2162,385 H+75,OQ7 l2l+l+,889 3392,633 10l+l+,586 621,271 1097*993 892,781 261+9*851 Total loans and securities 23,689,551 11+1+3,591 5,860,792 1622,812 2177,200 li+93,102 I25l+,p29 31+1+7,1+03 1071,1+81-■ 61+1+, 121 llli+,078 898,U+1 2662,801 Due from foreign banks 92 . 5 v l/ 36 7 -8- 1+ * 3 * 11 3 2 3 *3 7 F.R,notes of other banks 139,121+ 6,290 2T,739 5,869 6,699 >2l+,250 8,582 16,397 8,217 11,338 8,520 l+,7l+0 16,1+83 uncollected items 2,890,006 2l+l+,223 626,1+66 173,656 266,11+5 ^38,377 188,661+ l+3l+,956 121,596 70,635 131,829 110,359 283,100 i:.ank premises " 32,772 1,315 8,532 3,218 3,9ll+ 2,7ll+ 1,51+0 3,07l+ 2,026 1,276 2,51+1+ 806 1,813 Other assets 1+1+,791 3,052 "10,198 2,98l+ l+,733 2,655 2,1+51+ 6,3.63. 2,7,81 1,313+ -2,008 1,901 l+,3l+9 ___-__-_„_______«__»____--- : „i 1 ■■; i 1 1 •— -- —1 ■—;————1 ■ TOTAL ASSETS 1+5,191,532 2518,850 l2,27i+,870 2727,168 3657,135 2722,265 2366,158 7325,315 1810,575 1077,1+10 1866,051+,H+96,250 531+9,^+82 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) STAT3L3KT OF CONDITIO!' OF THlJ FEDS JAL JR3M ] ?/S BATIKS 021 SBPT3LBHR 18, 19^6 (In thousands of dollars) L I I L I T I E S- Totol Boston KGW York Phila. Clove. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas ^aiiFran. Federal Reserve notes 2l+,1+19,227 11+59,605 5,539,31*0 l6i+8,7l+7 2035,585 1722,557 1431,1+73 l"+498,l69 1063,671 576,336 9ul+,l67 602,300 2886,477 Deposits: Member bank-roa©rve acct. 16,230,203 75l+,483 5,163,1+05 808,562 1205,212 729,230 709,^99 2305,252 577,200 1+07,271 800,563 753,671+ 2065,847 U.S.Treasurer-general acct. 359..»357" 591 350,802 7I+4 502 552 754 560 596 1,099 663 700 1,794 Foro i gn 651»0ll+ 39,974 238,291 51,30U 57,435 29,052 23,1+83 82,828 21,016 15,453 20,398 19,780 51,9U5 Other 1+60,14.56 5,317 375,1+25 2,7 6k 7,927 3,794 1,084 4,206 7,966 1,923 1,122 564 48,364 Total deposits 17,751,030 800,365 6,127,923 863,37i+1271,126 762,623 734,3252392,81+6 606,778 1+25,71+6 822,751 774,718 2167,950 Deferred availability items 2,355,992 216,014.7 398,1+60 161,14? 238,121 204,018 172,054 344,681+ 116,006, 57,61;7 115,069 96,070 236,669 Other liabilities including accrued dividends -11,697 741 3,155 632 1,037 559 529 1,975 411 535 468 I+65 1,11+0 TOTAL LIABILITIES 1+4,537,946 2476,758-12,069,378 2673,900 3596,219 2639,762 2333,331 7237,671+ 1736,366 1060,264 131+2,1+55 11+73,553 5292,236 Capital paid in 13l+,335 10,368 6U,596 13,61[0 13,437 7,756 7,010 22,200 5,991 4,000 6,084 6,713 17,01+0 Surplus(Section 7) 358,355 22,1+39 116,860 28,946 33,745 15,593 14,1+50 53,029 12,939 3,869 11,891 10,670 23,921+ Surplus(Section 13^) 27,1+28 3,012 7,205 4,501 1,007 3,320 762 1,1+29 527 1,073 1,137 1,307 2,142 Other capital accounts 33,418 5,773 16,331 6,131 7,677 5,323 5,055 10,933 !+,252 3,204 l+,l+37 l+,007 9,140 TOTAL LIABILITIES iiND CAPITAL iiCCOUNTS 45,191,532 2513,350 12,27l+,870 2727,168 3657,135 2722,265 2366,158 7325,315 1810,575 1077,1+10 1866,051+ 11+96,250 5349,1+32 Commitments to make industrial loans 5,935 5l+l 671 ,1+7 — 15 _ l+,ol+0 — 450 163 3 F. R. notes outstanding 25,104,212 1503,702 5,695,630 1696,240 21142,263 1753,356 U;69,793 1+537,347 1093,06l "533,553 929,201 632,256 2997,305 Collateral for F. R, notes held by F. R. Agencs: Gold certificates 10,944,000 430,000 3,li70,000 500,000 635,000 530,000 535,000 2225,000 300,000 170,000 230,000 169,000 1600,000 Eligible papor 86,625 3,745 ' 7,51+5 2,550 — 11,335 — — 22,475 19,600 11,795 — 2,030 U. S. Govt, securities ll+,765,79l 1100000 2,300,000 1200,000 1550,000 1200,000 900,000 21+00,000 390,791 1+25,000 700,000 500,000 1600,000 r MATURITY DISTRIBUTION OF LO^S iJSD SECURITIES Within 16 to 31 to 51 to 91 days to 6 months * 1 to 2 2 to 5 uvor Total 15 days 30 days 60 days 9J days 6 months to 1 yenr years yo-ars 5 years Discounts and advances 262,200 127,510 2,960 5,360 125,370 16 Industrial loans 1,067 930 1 3 8 67 11 6 acceptances purchased 5,1+1+5 i+,334 1,111 U. S. Govt, securities 23,420,339 l+,l30,15l+ 2,11+9,132 5,227,501+ 4,752,100 2,1+33,671+ 3,572,535 320,1+00 H+3,350 531,91+0 l/After deducting $1+12,285,000 participations 'of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis