H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD 0 F "GOVERNORS OF THE FEDERA.L RESERVE SYSTEM (Released for Publication Friday morning,October 11j not earlier) H.lul October 10, l^kh CONDITIPN OF THE FEDERAL RESERVE BANKS During the week ended October 9,'member bank reserve balances decreased $11*7,000,000, Reductions in member bank reserves arose from increases-of $126,000,000 in Treasury deposits with Federal Reserve Banks and $82,000,000 in' money in circulation, and decreases of $92,000,000 in Reserve Bank credit and $2,000,000 in Treasury currency, offset in part py decreases of $31,000,000 in Treasury cash and $1214,000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on October 9 were estimated;to be approximately $810,000,000, Holdings of loans, discounts and advances increased $53,000,000, Holdings of United States Government securities decreased $53,000;000; reflecting a like decrease in bills. Changes in member bink reserve balances and related items during the week and the year ended October 9, I9I4.6, were as follows t Increase or decrease since Oct, 9, Oct. 2, Oct . 10, 19U6 19U6 X9fi5 (In mi llions of d<h ilars) U. S, Government securities 23,502 - 53 + 230 Loans, discounts and advances 272 * 53 Other Reserve Bank'credit 27U - 93 61 'Total Reserve Bank credit 2!;,0l|8 r 92 125 Gold s-tock 20,305 1 + 265 Treasury currency' - 2 + 287 Member bank reserve balances 16,019 - 1U7 + U82 Money in circulation 28,608 + 82 + 6U6 Treasury cash 2,270 - 31 12 Treasury deposits with *'R, Banks 1*83 + 126 52 f Nonmember deposits and other F,R,accounts 1,518 - 12/4 386 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.-l|,l(a) * STATEMENT OF CONDITION OF THE TWELVE} FEDERAL RESERVE BANKS COMBINED (In thousands of dollars). Increase or decrease since Oct, 9, Oct. 2, Oct* 10, 19U6 19U6 191*5 A S S E TS Gold certificates 17,3142,1*21* + 28,21*7 + 225,859 Red©5^>tic*ifund for F.R.notes 780,036 801 + 29,715 Total gold certificate reserves 18,122,1460 + 27,Wi6 + 255,571; Other cash 279,9& - ^,31*8 + 53,295 Discounts and advances 270,698 + 52,966 - U2,396 Industrial loans 1,080 10 1,620 Acceptances purchased 128 - 1,308 + 128 U. S. Govt, securities? Bills 1U.556,989 - 52.11*3. Certificates 7,517,001 ♦ 262,81*0 Notes 673,100 -1,265,050 Bonds - 222,102 755,290 Total U. S. Government securities ' 23,502,380 - 52,11*8 + 230,11*2 Total loans and securities 23,771*, 286 500 + 186,251* Due from foreign banks 92 18 F. R, notes of other banks 121,215 - 3,955 + 25,565 Uncollected items 2,01*1*, 066 -355,162 + 287,971* Bank premises 32,696 + 2 1,109 Other assets 1*0,701 + 755. 11,108 TOTAL ASSETS 1*1*, 1*15,1480 -338,762 + 796,U27 L I A B I H U ES Federal Reserve notes 21*, 552,163 ♦ 69,770 * 2*15,1*08 Depositsj Member bank - reserve account 16,019.51*9 -11*6,637 ♦ U82,6UI* U.S.Treasurer - general account U82,555 +125,522 - 52,893 Foreign 58l*,23o -112,61*7 - 396,768 Other 335,9143 - 11,867 - 102,537 Total deposits 17,1+22,077 ■LlU5,6£9 - 69,3^ Deferred availabilty items 1,770,393 -263,797 + 3149,582 Other liabilities including accrued dividends 12,U*3 877 1,725 TOTAL LIABILITIES 1*3,757,076 -31*0,533 + 697,359 C A P I T AL A C C O U N TS ' Capital paid in 181*, 352 53 + 11,830 Surplus (Section 7) 358,555 + 130,202 Surplus (Section 13b) 27,1*28 + . 263 Other capital accounts 88,269 + 1,718 - 1*3,227 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1*14,1*15,1*80 r338,76^ + 796,1*27 Ratio of gold certificate reserves to deposit and F. R. note liabilities combined 1*3.2fo Commitments to'make industrial loans 6,270 1, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HJul(b/ * STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 9, 1946 (In thousands of dollars) Total Boston New York . Phila. Cleve. Rich. Atlanta Chicago St.Louis I4inni Kans.Cy. Dallas SanFran. A S S E TS Gold certificates 17,3k2,k2k 7k7,927 5,218,950 821,707 1091,692 97k,871 900,6k5 5298,710 557,512 336,381 563,627 k59,625 2370,777 Redemption fund for F. R. notes 780,036 56,569 118,071; 60,632 76,099 6l,0k6 k5,k31 126,5k2 k6,9l8 21,312 3k,k03 25,359 107,651 JTotaJ. gold certificate " """ " """**""" LI reserves' 18,l22,k6Q 80k,k96 5,337,02^ 882,339 1167,7911035,917'9^6,076 3U25,252 6ok,k30 357,693 598,030 k8k,98k 2V78,k28 Ether cash 279,96k 22,196 73,301 19,733 16,386 18,367 18,135 36,121 12,280 6,579 lk,835 10,100 31,931 "Discounts and advances 270,698 17,170 95,895 13,952 21,166 ik,8k5 7,8ko 3k,o2o 19,295 16,350 ik,585 k,i6o n,k2o Industrial loans 1,080 65 acceptances purchased 128 -— U.S.Govt, securities? Bills Ik,556,989 86k,662 3,526,765 9k7,882 1^33,763 9H,l63 763,8152269,171 606,769 37k,33k 68k,532 503,2161670,917 Certificates 7,517,001 502,163 1,896,023 591,817 6^9,158 U65,638 398,963 985,213 k03,6k6 22^,291 356,k7k 338,lkk 705,k71 Notes 673,100 kk,965 169,777 52,99k 58,127 L.1,695 35,725 -88,220 36,lkk 2o,Q8k 31,920 30,279 63,170 Bonds 755,290 50,k56 190,508 59,k65 65,225 k6,786 ko,087 93,992 ko,558 22,536 > 3-5*817 33,976 70,88k Total U.S.Government """ ~" ; " securitioj" 23,502,380 lk62,2^6 5,783,073 1652,158 2206,273 lk65,232 1238,590 3kkl,596 1087,117 6kl,2k5 H08,7k3 905,615 25l0,kk2 Total loans and securities' 23,77k,286 Ik79,k81 5,879,096 1667,125 2227,k39 lk80,127 12k6,k30 3k75,6l6 llo6,kl2 657,595 1123,328 909,775 2521,862 Due from foreign banks 92 5 l/ 36 7 8 k 5 ' 11 3 2 3 3 7 F R.notes of other banks 121,215 5,k9k 19,kl6 k,7k5 k,933 22,366 8,892 12,957 8,7k9 7,391 6,928 3,k92 15,352 # Uncollected items 2,0kk,066 lk7,830 398,5kk I2k,76£ 182,29k 17k,092 138,105 31k,962 106,172 61,221 113,628 86,076 196,380 Bank premises ' 32,696 1,311 8,5lk 3,206 3,90k 2,709 1,536 3,069 2,022 1,277 2,538 803 1,807 Other assets k0,701 2,667 9,605 2,615 k,155- 2,366 2,299 5,k27 2,760 1,069 1,786 1,803 k*069 III f ■ . L ■ TOTAL ASSETS kk,kl5,k80 2k63,k80 11,725,616 27ok,532 3606,910 2735,9k8 236l,k76 7273,k^5 ~i8k2,828 1093,327 1861,076 lk97,036 52k9*836 1/ After deducting $56,000 participations of other Federal Reserve Banks* Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.i*.l(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 9, 192*6 (In thousands of dollars) L I A B I L I T I ES Total Bos-ton New York Phila. Cleve. Rich. Atlanta Chicagp St.Louis Minn*' Kans.Cy. Dallas SanFran. Federal Reserve notes 1,552,163 12*77,760 5,558,931 1655,901 2095,521; 1756,203 124*2,165 2*502,1*19 1080,372 580,626 908,2*52 605,595 2880,2*17 Deposits: Member bank-re serve acct. 16,019,32*9 730,808 5,0^9,826 793,59s H80,70l* 731,2*31 721,52*0 2271,602 592,2*11 2*08,805 793,375 751*530 2013,725 U.S.Treasurer-general acct* 2*82,555 32,781 122*,006 2*3,2*2*2* 2*1,280 33,358 20,605 73,95k $*,792 20,662* 19,699 20,136 27,336 Foreign 582*,230 35,305 1/^18,913 2*5,2*22* 50,896 25,722 20,796 73,335 18,607 13,682 18^060 17,513 2*5,977 Oxher 335,92*3 5,560 ~ 257,060 2,692* 7,22*6 2,593 859 2*923 7,591 2,178 1,2*81 688 2*5,070 Total deposits 17,2*22,077 80l*,2*52* 5,629,805 885,152* 1280,126 793,602+ 763,800 22*21,8U* 62*3,2*01 2*2*5*329 832,615 789,867 2132,108 Deferred availability i-cems 1,770,393 138,115 326,62*6 109,103 169,119 152,725 127,2*03 258,&*1 92*,605. 2*9,699 95,659 78,257 170,2*21 Other liabilities including accrued dividends 12,2*2*3 676 3,573 * 750 1,212 6li* 560 2,li*2* 1*92* 2*0l* 2*81 2*27 1*130 TOTAL LIABILITIES 2*3,757,076 22121,005.11,518,955 2650,885 3515,781 2703,12*6 2333,926 7,185,018 1818,870 1076,058 1837,207 12*72*,12*6 5192,076 Capital paid in 182*,352 10,887 62*,62i 13,65k 18,271 7,761 7,020 22,230 5,992* ; 2*,003 6,096 6,75k 17,061 Surplus (Section 7) 358,355 22,1*39 116,860 28,92*6 33,72*5 15,593 12*,2*50 53,029 12,939 8,869 11,891 10,670 28,922* Surplus (Section 13b) 27,1*28 3,012 7,205 2*, 501 1,007 3,326 7^2 1,2*29 527 1,073 1,137 1,307 2,12*2 Other capital accounts 88,269 6,137 17,975 6,513 8,106 6,122 5,318 11,709 2*,2*98 3,322* 2*,72*5 2*, 159 9*633 TOTAL LIABILITIES AED CAPITAL ACCOUNTS 2*i*,2*15,i*80 22*63,2*80 11,7^5,616 2702*,532 3606,910 2735,92*8 2361,2*76 7273,2*15 182*2,828 1093,327 1861,076 12*97,036 522*9*836 Commitments|to make industrial loans 6,270 516 671 2*0 382 2*, J2*0 2*50 163 F. R. notes outstanding 25,202,02*6 1510,877 5,705,790 1702,191 212*5,183 1792,S70 12*79*668 2*590,722 1120,868 591*618 930,127 636,72*5 2925,387 Collateral for F. R. notes held by F. R. Agents; Gold certificates 10,952*,000 2*30,000 -3,2*70,000 505,000 635,000 610,000 585,000 2100,000 300,000 .170,000 28o,000 a69,ooo 1700,000 Eligible paper 98,222 8,850 38,805 3,162 — 8,635 l2*,375. 13,100 10,295 500 U. S. Govt, securities 12*,892,580 1100,000 2,300,000 1200,000 1550,000 1200,000 900,000 2500,000 917*580 2*25,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS iMD SECURITIES Within 16 to '31 to 61 to 91 days to 6 months 1 to 2 2 to 5 Over Total 15* days 30 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 270,698 115,368 13,705 115,275 26,350 "16 Industrial loans 1,080 951* 1 8 58 8 Acceptances purchased 128 128 U. S. Govt, securities 23,502,380 3,173,985 3,057,537 2*,599*2^81 5,22*8,386 3,075*356 3,296,^2*5 320,2*00 12*3,350 5o1 *92*0 l/ After deducting $365,033,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis