H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF -THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, September 27; not earlier) H.U.I Septenber 26, I9U6 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended September 25, member bank reserve balances decreased $305,000,000. Reductions in member bank reserves arose from increases of $569,000,000' in Treasury deposits with Federal Reserve Banks,, $103,000,000 in nonmember deposits and other.Federal Reserve accounts and $1^,000,000 in Treasury cash, offset in part by; increases of $361,000,000 in Reserve Bank credit, $13,000,000 in gold stock and $2,000,000 in Treasury currency and a decrease of $5,000,000 in money in circulation.. Excess reserves of member banks on September 25 were esti mated to be approximately $770,000,000.• Holdings of loans, discounts and advances increased $32,000,000 and of United States Government securities $UU5,000,000. The increase in holdings of United States Government securities reflects increases of $273,000,000 in bills and $172,000,000 in certificates. . ; • : Changes in member bank reserve balances and related items during the week and the year ended September 25, I9I46, were as follows; Increase or decrease since Sept. 25, Sept. 18, Sept.,.26, " 19U6 19U6 19U5 (In millions of dollars) U. S. Government securities 23,866 + hk5 + 680 Loans, discounts' and advance 295 + 32 - 130 Other Reserve Bank credit Wk - 116 + H4.2 Total Reserve Bank credit 2U,565 . + 361 + '693 Gold 'stock 20,301 + 13 + 208 Treasury currency U,5U7 + 2 + 325 Member bank reserve balances 15,975 _ 305 + •' 701 Money in circulation 28.UU8 - 5 + 719 Treasury cash 2,279 + 1U + 16 Treasury deposits with F,R. Banks „ 928 + 569 - 33 Nonmember deposits and other F.R.accounts 1,002 + 103 - 179 / * * 1 U • c Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.U.l(a) STATEMENT OF CONDITION OF THE. TWELVE FEDERAL RESERVE" ,BANKS COMBINED (In thousands of dollars) Increase or decrease since Sept. 25, Sept. 18, Sept. 26, 1946 I9U6 1945 A S S E TS . , , Gold certificates 17,327,178 + 132,115 Redemption fund for F.R. notes 769,617 -- 11,,882299 + 45,534 Total gold certificate reserves 18,096,795 --•• 11,,882299-- : + 177,697 Other cash ' 299-, 644 ++ 33,,007722 + 614,056 Discounts and advances 293,508 ++ 3311,,330088 - 128,158 Industrial loans 1,031 3366 - ' 1,950 Acceptances purchased 3,33:0 -- 22,,110077 + 3,338 U. S. Govt, securities^ Bills 14,739,504 ++227722,,996644 +1,526,348 Certificates 7,775,409 ++117722,,000000 + 682,448 Eotes -1,306,550 595,600 Bonds - 222,102 Total U. S.Government • 755,290 ++444444,,9966>>44 + 680,144 23,-865* 003 Total loans and securities ++447744,,112299 + 553,394 Due from foreign banks 24,163,680 18 F. R. notes of other banks 92 447722 + 40,287 Uncollected items 139,596 --445500,,004444 •+ 640,437 Bank premises 2,439,962 3300 1,095 Other assets 32,742 ++ 11,,333377 - n,055 TOTAL ASSETS 46>„128 ++2277,,110077 • 1,463,705 L I A B I L I T I ES 45,218,639 Federal Reserve notes 24,416,266 -- 22,,996611 + 486,I90 Deposits; Member bank - reserve account . 15,974,622 --330055,,558811 + 701,048 U.S.Treasurer - general account ' 928,063 ++556688,,770066 •35,152 Foreign 667,644 ++ 1166,,663300 .585,066 Other" ; 544,565 ++ 8855,,990099 + 88,684 Total deposits 18,114,694 ++356635,,666611;; + 373,514 —• r, • i. ,, Deferred availability items" ! 2/019,157 --553366,,333355 + 501,476 Other liabilities including accrued dividends . 1^317 ++ 11,,662200 + 2,501 TOTiiL LIABILITIES ' 44,563,1434 ++ 2255,,448888 ••++11 ,,356655,,-668811 C A P I T AL A C G 0 UN f'S Capital paid in 134,214 171 + 12,120 Surplus (Section 7) 358;355 + 150,202 Surplus (Section 15b) .27,428 + ;. 265 Other capital accounts 85,208 + 1,790 - 42,565 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 45,218,639 ++ 2277,,116077' +1,463,705 Ratio of gold certificate reserves to deposit and P. R. note, liabilities combined '42.5/0 -- ..hh%% - .5% Commitments- to make industrial loans 5,961 ++ 2266 + 1,587 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.it.l(b) • STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON SEPTEMBER 25, 19^6 •• • " (In thousands o.f dollars) Total Boston - New York Phi la, Cleve. .. Rich. Atlanta' Chicago St,Louis" Minn, Kans.Cy, Dallas SanFran.. A SS E T S • Gold certificates 17,327,178 756,321* 5,218,676 851,21*1 1119,931; 901,772 865,62-0 55-10,625 561,005 336,1*23 573,966 :1*55,550 2197,266 Redemption fund for •• " ' ; F. R. notes 769,617 56,776 118,890 60,1*71 75,1*22 62,1*86 1*1*, 677 119,698 1*2,013 21,095 5k, 1*89 25,1*35 107,967 r Total gold certificate • roseriFSF 18,096,795 812,100 5,537,566 891,712 1195,556 961*,258 910,297 3650,521 603,016 557,518 608,1+55 1*80,765 2305,255 other cash 299,64!; 21*, 193 72,1*77 19,533 2o,loli 2o,6oo 2o,580 38,852 15,198 7,217 16,209 10,1-93 5^, 153 Discounts and advances 295,508 13,097 89,720 18,265 28,201 38,095 16,590 27,1*00 19,875 13,85 0 8,855 '' 1*,360 15,1*20 Industrial loans 1,031 68 963 acceptances purchased 3,558 —- 3,358 —- -— - --- U.S.Govt, securities: BiHs. 11;, 759,501; 350,505 5,666,153 96I;,1*20 1570,595 9i*2,829 791,027211*7,991. 608,918 376,31*7 665,177 555,2a6 1820,272 Certificates 7,775,1*09 51*0,1*1*8 l,976,o2o 595,561* 691**273 1*71*,208 l*ol*,321 101*0,009 599,350 225,105 568,269 517,11*2 71*2,220 Notes 595,600 1*1,598 151,561; 1*5,621 55,182 56,525 50,971 79,665 50,627 17,090 28,210 24,293 56,851* 3 °ndS- .755,290 52,1*98 I9l,9l;7 57,852 67,1*1*1 1*6,061* 59,275 101,025 58,853 21,672 55,775 30,807 72,098 Total U.S.Government ;"" ' ; ~ securitieT 25,865,305 li*8l*,8l*7 5,935,1*69 I663,u57 2185,1*89 11*99,1*26 1265,591* 5568,685 1073,215 653,211* 1097,1*29 907,553 2691,1*1*1* Total loans and securities 2l*,l63,680 11*98,012 6,073,527 1682,685 2213,690 1537,521- 1261,981; 3396,033 1098,088. .652,061; 1106,261; 911,898 2706,86!* Due from foreign banks 92 5 l/ 56 . ,• 7 -8 • 1* 5 11 5 2 5 5 7 F.R.notes of other brinks 139,596 %532 -2-0,703 5,527 6,977 25,51*7 9,595 15/529 9,757. : 11,728 7,397 1*,319 18,1*85 Uncollected items 2,1*39,962 207,955 526,169 il*5,27l* 2ii,l*io 207,625 11*5,1*57 575,715 106,851 ' 57,720 115,217 95,085 2^7,528 Hank premises ,• 52,71*2 1,515 8,552 3,205 5,9ll* 2,707 1,557 5,069 2,026 1,280 2,5l*l* 806 1,807 Other assets 1*6,128 5,258 10,5l;5 5,105 l*,8l*8 2,852 2,502 6,586 2,800 1,518 2,118 2,002 l*,l*5l* TOTAL ASSETS 1*5,218,659 2552,528 12,051*,355 2.751,105 5656,507 2759,091* .2571,955 71*66,31*6 1837,759 1008,81*7 1356,707-1505,567 5513,511 l/After deducting £56,000 participations df .other Federal Reserve Banks, • , - Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+.l(c) STATEMENT OF CONDITION OF'THE'FEDERAL RESERVE.: BANKS ON SEPTEMBER 25, I9I+6 (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 2l+,l+l6",266 ll+61+,9l+2 5,551,931+ 1650,538 2085,768 1728,21+2 ll«25,729 1+1+88,1+55 1062,321 576,521 902,355 6u0,i+26 2873,157 Deposits : Member bank-reserve acct. 15,97l+»622 755,952 5,053,896 805,6251168,656 712,559 706,002 2295,759 57l+,9l+5 399,809 776,581 750,1+16 2015,682 U_S.Treasurer-general acct. ; 928,065 31,525 ' 158,1+11+ 58,250 95,256 32,752 1+9,611 207,297 1+7,103 27,701+ 50,035 27,600 61+,705 Foreign .667,61+1+ 1+0,1+1+7 1/21+9,290 52,003 53,271+ 29,1+50 25,311 35,965 21,501+ 15,665 20,678 20,051 52,701 Other •?• 5l+l+,565 5,65l+ 1+61+,015" 2,597 6,650 5,189 l,6ll+ 5,1+32 8,531 2,ll+9 223 6ii+ 1+5,311+ Total deposits --. I8,lll+,69l+ 361,553.5,910,615 913,1+30 1526,796 327,750 731,053 2590,1+33 651,738 14+5,527 827,570 793,681 217!+, 900 Deferred availability items 2,019,157 132,960 331,312 123,150 181,709 169,391+ 157,228 297,1+95 93,926 l+9-,052 102,111+ 82,939 206,350 Other liabilities including accrued dividends .' 13i317 769 !+,-05l+ 751 1,211 619 577 2,011 k59 : 750 1+60 520 1,176 TOTAL LIABILITIES l+l+,565,l+5l+ 2510,009 11,31+8,14+5 2697,729 5595,1+31+ 2726,1+35 25l+l+,572 7573,1+22 1315,914+ 1071,650 1352,997 11+32,616 5261,035 Capital paid in l8l+,2li+ 10,385 61+.597 13,6l4l 13,251 7,759 7,011 22,227 5,995 1+,GG2 6,033 6,716 17,01+1+ Surplus (Se-ction 7) 5.58,555 22,1+59 U6,36o 28,91+6 55,7lf5 15,593 lkJ+50 53,029 12,939 3,369 11,391 10,670 23,921+ Surplus (Section 15b) 27,1+23.. 5,012 7,205 1+,501 1,007 3,526 762 1,1+29 527 1,073 1,157 1,507 2,11+2 Other capital accounts 85,203 5,985 17,250. 6,236 7,320 5,931 5,11+0 11,259 l+,336 3,255 1+.591+ 1+,G58 9,518 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ;' 1+5,213,659 2552,523 12,0>1+,555 2751,105 5656,507 2759,091+ 2571,955 71+66,51+6 1357,739 1033,31+7 1356,707 1505,361 5313,511 Commitments, to make industrial loans 5,961 572 671 1+2 --*• 15 l+,0l+0 1+50 I65 3 F. R. notes outstanding . • 25,119,275 1506,622 5,697,306 1699,779 211+1,597 1773,000 11+70,91+1 1+535*61+2 1098,566 533,122 931,563 652,38!+ 2995,71+3 Collateral -for F„ R. note's held by F.' R. Agents: Gold certificates 10,359,000 1+50,000 5,1+70,000 500,000 655,000 595,000 535,000 2225,000 500,000 170,000 230,000 169,000 1500,000 Eligible paper Ul+,367 l+,777 55,630 7,hi 5 51,8,35 15,1+55 10,600 l+,5l+5 l+,500 U. S. Govt, securities 11+, 731+ ,1+11 1100,000 2,300,000 1200,000 1550,000'1200,000. 900,00021+00,000 909,1+H 1+25,000 700,000 500,000 1600,000 •MATURITY DISTRIBUTION OF "LOANS AND SECURITIES Within .16 to 51 to 61 to 91 days to 6 months l to 2 2 to 5 Over Total 15 days 50 days 60 days 90 days 6 months to 1 year year s years 5 years Discounts and advances 293,503. 11+3,555 '2,950 10,610 131,395 Industrial loans 1,051 391+ c 3 61 9 12 56 acceptances purchased 5,333 5,332 U. S. Govt, securities 23,865,803 k,199,551 2,21+6,01x9 5,310,260 l+,31+3,2l+l+ 2,51+2,171+ 5,67l+,055 320,1+00- 11+3,550 53i,9l+o l/ After deducting $1+17,91+5,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis