H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, October k; not earlier) H.U.I October 3, I9I16 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 2, member bank reserve balances increased $191,000,OQO« Additions to member bank -reserves arose' from decreases of $571,000,000 in Treasury deposits with Federal Reserve Banks and $160,000,000 in nonmember'deposits and other Federal Reserve accounts and an increase of $5,000,000 in gold stoc£,offset in part by a decrease of $U^5»000,000 in Reserve Bank credit and increases of $78,000,000 in money in circulation and $22,000,000 in Treasury cash. Excess reserves of member banks on October 2 were estimated to be approximately $9i|0,000,000, Holdings of loans, discounts and advances decreased $76,000,000 and *6f United States Government securities $311,000,000. The decrease in holdings of United States Government securities reflects decreases of $130,000,000 in bills . and $258,000,000 in certificates and an increase of $78,000,000 in notes;. Changes in member bank reserve balances and related items during the week and the year ended October 2, 19^6, were ,as follows? Increase or decrease since Oct. 2, Sept. 25, Oct. 3, 19U6 I9U6 19U5 (In millions of dollars) U, S, Government securities 23,555 - 311 + .31*3 Loans, discounts and advances • 219 - ' -76 - 98 Other Reserve Bank credit 367 * "•57 ♦ 76 Total Reserve Bank credit 2k,iho „ UU5 + 319 Gold stock 20,306 + 5 + 2314 Treasury currency U,5U6 - 1 + 298 Member bank reserve balances 16,166 + 191 + 71*6 Money in circulation 28,526. +■ 78 + 673 Treasury cash 2,301' + 22 + 33 Treasury deposits with F, R Banks 357 - 571 - 291 f Nonmember deposits and other F.R.accounts 1,6U2 T 160 - 311 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.l(a) STATEMENT OF CONDITION OF THE TWELVE FEtERA.L RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since. Oct. 3, Sept. 25, Oct. 3, 19W 191*6 19U5 A S S E TS Gold certificates 17,311*, 177 - 13,001 + 150,612 Redemption fund for F. R. notes 780,837 + 11,220 * U6,5U7 Total gold certificate reserves 18,095,bll* * 1,781 ♦ 197,159 °i ,i i , ■ Other cash 287,312 - 12,332 + "1*5,829 Discounts and advances 217,732 - 75,776 - 96,399 Industrial loans 1,090 + 59 ;- 1,969 Acceptances purchased m 1.U36 - 1,902 + l,U36 U. S. Govt4, securities: Bills ' lli,609.137 -130,367 +1,566,621 Certificates 7,517,001 -258,1*08 + 262,81*0 Notes 673,100 + 77,500 -1,265,050 Bonds 755,290, - 222,102 Total U. S. Government securities 23,55l±S,528, -311,275 «• 31*2,309 Total loans and securities . *23,77ii/, 786. -388,891*. + 21^5,377 Due from foreign banks 92 ._. 18 F. R. notes of other banks 125,170 - 1U,1*26 + 23,81*1 Uncollected items 2,399,228 - 1*0,731* + 610,51*6 Bank premises * 32,69li 1*8 1,112 Other assets 39..9U6 - 6,182 - " 10,398 TOTAL ASSETS hh,15h,2h2 -i*6U,397 +l,lll,22l| L I A B I L I T I ES Federal Reserve notes 2i|,U82,393 + 66,127 + 1*1*1,753 Deposits; Member bank - reserve account 16,165,986 +I9l36fc +. 71*5,555 f U„S.Treasurer - general account 35*7,033 -57*,030 - 290,659 Foreign 696,877 + 29,233 - 31*2,506 Other 31*7,810 -196,555 - 82,075 Total deposits• 17,567,706 "•>5U6,988 + 30,315 Deferred availability items 2,031*, 190 + 15,033 + 536,681* Other liabilities including accrued dividends 13,320 + 3 + 5,101* TOTAL LIABILITIES ^,097,609 -1*65/825 +1 ,011,856 C A P I T AL A C C O U N TS Capital paid in 181*, 299 + 85 + 12,033 Surplus (Section 7)-' 358,355 ; + 130,202 Surplus-(Section 13b) 27,ii28 + 263 Other capital accounts 86,551 + 1,31*3 - 1*3,130 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44*.75l*,2i£ -1*61*, 397 +1 ,111,22k Ratio of gold certificate reserve^ to dep'osit and F. R. note l liabilities combined 1*3.* + r# — Commitments to make industrial loans 6,26k + 303 + 2,081 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.lul(b) STATEMENT OF .CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 2, I92+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 1*1.3111,177 7l!*,5l*8 5,28l+,922 831,696 1116,755 960,71*6 876,1+ 15 3266,995 553,317 33U,755 57l*,29l 1*61,859,2337,878 Redemption fund for F. R. not*s ' 780,837 56,690 118.570 6o,33l 75,279 61,89!* 1+5,571* 126,750 1*6,973 21,081 3h,hh8 25,1+01 107,81*6 Total gold certificate reserves * 18,095,oil; 771,238 5,li03,li92 892,027 1192,031* 1022,61+0 921,989 3393,71*5 600,290 355,836 608,739 1*87,260 21+1+5,721+ Other cash 287,312 22,651 72,922 19,991 20,31*8 17,7U8 18,172 38,203 13,112 5,800 15,225 10,769 32,371 Discounts and advances 217,732 13,175 62,575 1^,252 16,935 15,Oi*5 6,890 23,500 20,31*5 20,050 6,085 lt',260 ll+,620 Industrial loans 1,090 65 1,025 . .. Acceptances .purchased 1,1*36 —- 1,1*36 — • —- i2- U.S.Govt, securities: B i l ls - 11*,6J09,137 868,092 3,513,608 918,1481* ll*12,ol*l* 912,181 770,961 2313,1+96 59b,kho 366,698 695,732 519*1*89 1753,912 Certificates 7,517,001 502,163 1,896,023 -591,817 &*9,158 1*65,638 398,963 985,213 "1*03;61*6 22^,291 356,1*71*" 338,11*1* 705,i*7l Kotes 673,100 1*1*,965 169,777 52,991* 58,127 - 1*1,695 • 35,725 88,220 36,11*1* 2o,08l* 31,920 30,279 63,170 Bonds 755,290 50,1*56 190,508 59*1*65 65,225 1+6,786 1*0,087 98,992 1*0,558 22,536 35,817 33,976 70,881* Total U. S. Goverrarent securities 23,551+,523 11*65,676 5,769,916 1622,760 2ial*,5-5l* 11*66,300 121+5,736 31*85,92-1 I07l*,788 633,609 Hl9,9l*3 921,888 2565,1*37 Total loans and securities 23,77l*,786 11*78,916 5,833,927 1638,037 2201,1*89 11*81.3^5 1252,626 3509,1*21 1095,133 653,659 1126,028 926,12*8 2578,057 Due from foreign banks 92 5 1 / 36 7 8 1* 3 11 3 2 3 5 7 F.R.notes of other banks 125,170 5,112 1^,733 5,096 5,909 23,601 8,381 15,1*26 7,1*33 10,1*62 6,812 1+,012 16,193 Uncollected items 2,399,228 209,871 l*9l*,970 150,51*9 205,921 210,271 ll*l*,1^6 377,796 101,762 61,302 127*129 91,130 22U.381 Bank premises 32,69!* 1,311 8,5ll* 3,206 3,90l* 2,707 1>536 3,069 2,022 1,277 - 2,538 ' 803 1,807 Other assets 39,91*6 2,903 8,981 2,550 l+,21i 2,53U 2,281 5,21+9 2,61*8 1,086 1,728 1,765 luOlO TOTAL ASSETS 1*1*,751*,21*2 21+92,007 11,839,575 2711,1+63 3633,821+ 2760,850 231+9,131+ 731*2,920 1822,1+03 1089,1+21+ 1888,202 1521,890 5302,550 l/ After deducting $56,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJ+.IC-C) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 2, 1946 (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 24,482,595 1474,585 5,563,563 1651,0014. 2086,685 1746,157 lij-31,966 141+88,052 1070,528 577,1483 905,956 605,382 2881,254 Deposits: Member bank-reserve acct. 16,165,986 731,755 5,06^,677 799,663 1200,159 725,591 713,454 2334,264 579,872 410,417 801,166 766,469 2038,499 U.S.Treasurer-general acct. 357*033 15,890 97,913 18,362 27,539 32,592 20,341 34,472 22,190 14,585 20,527 21,790 30,782 Foreign 696,877 ^2,720 1/254,432 55,004 61,631 31,147 25,133 38,802 22,532 16,568 21,369 21,206 55,733 Other 547,810 5,325 260,092 4,424 8,631 3,343 1,752 5,435 8,232 2,071 2,638 2,o6l 43,826 Total deposits 17,567,706 795,690 5,677,164 877,453 1298,010 792,673 760,710 2462,973 632,826 443,641 846,200 811,526 2168,340 Deferred availability items 2,034,190 178,880 383,370 123,793 187,022 138,775 128,443 301,531 94,720 49,730 111,303 81,751 193,767 Other liabilities including accrued dividends 15,320 728 5,696 695 1,135 572 546 2,160 458 1,297 ' 491 407 1,135 TOTAL LIABILITIES 44,097.-609 2449,681 11,633,293 2657,945 3572,852 ^723,157 2321,670 7254,766 1793,532 1072,201 1864,450 1499*066 5244,996 Capital paid-in l3li,299 10,887 64,620 13,643 13,255 7»756 7,016 22,223 5,993 4,003 6,090 6,747 17,061 Surplus (Section.-?) 353,355 22,439 * 116,360 28,946 55,7^5 15,595 14,450 53,-029 12,959 8,869 ii;s9i 10,670 28,924 Surplus (Section \L3b) 27,428 3,012 7,205 4,501 1,007 5,326 762 1,429 527 1,073 1,137 1,307 2,142 Other capital- accounts 86,551 5*938 17,597 6,ii28 7,965 6,018 5,236 11,468 4,412 3,273 4,6^4 4,100 9,427 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,754,242 2492,007 11,339,575 2711,463 3633*824 2760,050 2349,134 7342,920 1822,403 1039,424 1838,202 1521,390 5302,550 Commitments to make industrial loans 6,264 510 671 40 — 382 4,o4o — 450. 163 8 F. R. notes outstanding 25-,127,986 1507,941 5,704,461 1698,926 2136,905 1783,493 1469,976 4579,577 1104,533 '588,429 '927,561 634,346 2991,983 Collateral for F. R. notes held by F. R. Agents: Gold certificates 10,734,000 450-,ooo 3,470,000 500,000 635,000 595,000 585,000 2100,000 300,000 173*000 230,000 169,000 1500,000 Eligible paper 60,857 4,855 .5,405 3,462 — 3,835 — — 15,925 16,800 1,795 — 3,7C0 U-. S. Govt, securities 14,397,501 1100,000 2,300,000 1200,000 1550,000 1200,000 900,000 2500,000 922,50-1 425,000 700,000 500,000 1600,000 LATURI1Y DISfRIXIIOI' OF LXJZ3 .JKD S^CURIILflS Within l6 to 7il to 61 to 91 days to 6 months 1 to 2 2 to 5 Ove r Total 15 days 30 days 60 d 90 days- 6 months to 1 year years years 5 years aj'i Discounts and advances ",217 ,752 66,512 4,300 120,170 26,450 Industrial loans 1,090 95^ 5 8 58 12 56 jvcceptances purchased 1,4^0 1,456 13. S. Govt, securities 25,554,523 5,271,544 3,043,987 4,616,271 4,793,635 5,476,406 5,296,945 520,400 143,550 581,940 l/ After deducting $442,022,000 participations of.oth^r Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis