H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, October 18; not earlier) H,ij,l October 17, I9I16 CONDITION OF THE FEDERAL RESERVE BANKS During the;week ended October 16 member bank reserve balances increased $123,000,000, Additions to member bank reserves arose from an increase of $101;,000,000 in Reserve Bank credit and decreases of $11,000,000 in money in cir culation- and $5i|,000,000 in, nonmember depbsits and other Federal Reserve accounts, offset in part by increases of $[j.l,000,000 in Treasury deposits with Federa.l^_^ , Reserve Banks and $1^,000,000 in Treasury cash. Excess reserves of member Writes / ° were estimated to be approximately $960,000,000, Holdings of loans, discounts and ^advances decreased $17,000,000 and of United States Government securities $81;,000,000, The decrease in holdings of United States Government securities reflects decreases of $78,000,000'in bills and $23,000,000 in certificates, and an increase of $17,000,000 in notes, Changes in; member bank re'se'rve balances and related items during the week and the year ended October 16, I9I4.6, were as follows* Increase or decrease s ince Oct, 16, Oct, 9, Oct. 17, I9I16 191- I9h5 (In millions of dollars) U, S, Government securities 23,U18 - eh + 517 Loans, discounts and advances 255 - 17 - 6k Other Reserve Bank credit 1*79 + 205 —•*» Total Reserve Bank credit 2].t,152 + lOii 4- U53 Gold stock 2o,3oU 1 4 265 Treasury currency U,5U5 + 1 + 283 Member bank reserve balances' 16,11*2 + 123 4- hh2 Money in circulation 28,597 - 11 + 6h5 Treasury cash 2,27U + k 4- 25 Treasury deposits with F. R.'Banks 52U * ill 4-' 231 Nonmember deposits and other. F.R,accounts i,h6k - 5h - 3k2 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.ll.l(a) . STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BAMS COMBINED (In thousands of dollars) Increase or decrease since Oct. 16, Oct, 9, Oct. 17, 19&6 ^6 19^3 A S S E TS Gold certificates 17,3U5-U26 + 3,002 + 216,361 Redemption fund for F. R. notes 780,015 21 + , 28,260 Total gold certificate reserves is, 125, ua + 2,981 + 2i;l4,62l Other cash 28J ,853 + 14,889 + 52,360 4 Discounts and advances 253,805 - 16,893 - 62,929 Industrial loans 1,091 + 11 1,1460 Acceptances purchased 128 U S.Govt. securities? # Bills 1U,U73,8JU7 - 78,LU2 +1,733,0145 Certificates 7,li9^,ooi - 23,000 + :25l4,8li0 Notes 69 a, 100 + 17,000 -l;2U8,050 Bonds 755,290 - 222,102 Total U. S«Government 23,h18,238 - 8ii,li|2 + 517,733 Total loans and securities 23,673,1& -101,152 + .U53,3hh Due from, foreign banks 92 18 F.R, notes of other banks • '125,191 + 3,976, •+ 13,520 Uncollected"items 3,079,7014 +1,035,638 + 694,395 Bank premises 32,697 + l 1,108 Other assets ii3,878 * 5,177 - ' 12,805 TOTAL ASSETS li5,36ii,990 +9^9,510 +i;W4,309 L I A B I L I T I ES Federal Reserve notes 214,557,217 + 5,0514 + ; 1432,292 Depositsi Member bank - reserve acecunt 16,1141,916 +122,567 + -'hkl.bkQ U.S.Treasurer- general account 5214,073 + 1*1,518 + .230,833 Foreign 539,385 - Iiit,8li5 - 1420,732 Other 329,011 - 5li,839 - 6,932 Total deposits I7,53li,385 + 216,710 +112,308 Deferred availability items 2,601,000 + 695,035 +830,607 Other liabilities including accrued dividends 12,515 + 72 1,601 TOTAL LIABILITIES 1414,705,117 +9l48,Olil +1,345,638 C A P I T AL A C C O U N T S- Capital paid in 1814,529 177 + 11,953 Surplus (Section 7) 358,355 + 130,202 Surplus (Section 13b) 27,li28 + 263 Other capital accounts 1,292 89,561 - I*3,7li7 TOTAL LIABILITIES AKD CAPITAL ACCOUNTS lt5,3614,990 +9149,510 +1,1M,3°9 Ratio of gold certificate reserves to deposit and F R. note # liabilities combined *• 143.1?of .1% Contingent liability on bills purchased for foreign correspondents 3,120 + 2,103 + 3,120 Commitments to make industrial loans 6,247 23 + * 2,528 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.M(b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 16, I9U6 (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 id certificates 17,31*5,1*26 7^0,715 5,H7,l62 825,876 1093,3Hi 980,927 902,69!; 3328,61+1 572,175 539.701 581,830 1+58,826 21*03,565 Uw l-.<=> demption fund for F. R.notes 780,015 56,1*93 117,651 60,509 75,96-9 62,558 1*5,328 126,290 1+6,879 21,500 3l+,570 25,527 107,5Ul Total p-old certificate reserves 18,125,1*1+1 797,208 5,23i+,815 886,385 1169,283 101+5,285 9^8,022 51*5!*,931 619,05!+ 561,001 616,200 i;8ii, 155 2511,106 other cash 28ii,855 22,295 72,805 19,871 19,353 18,259 17,726 55,1+95 12,709 6,590 15,71*8 9,927 5l+,275 Discounts and advances 255,805 15,621 7*1,256 17,755 19,959 11,933 7,620 33,852 15,597 22,120 15,51+1 !+,886 lit,687 industrial leans 1,091 65 1,026 —- I". S. Govt, securities: Bills ll+,1*78,81+7 856,2&i 3,5ii8,ii31 932,296 ll+02,o!+S 916,300 763^U 2225,680 6ll*,758 362,776 676,172 501,995 1678,183 Certificates 7,1+9!+,001 500,605 1,890,282 590,020 61*7.111 161;,2o3 597,71+1+ 982,210. 1402,1438 223,615 555,377 357,119 705,279 Notes ' 690,100 1+6,099 171;.071 5l+,355 59,590- i+2,7l+8 56,627 90,Uli9 -57,059 20,592 52,726 3l,oiiU 6!+,762 Bonds' 755,290 5Q,h5h 190,511; 59,!+66 65,219 .1*6,786 1+0,087 98,995 1*0,560 22,557 55,817 55,977 70,880 Total U.S. Government securities" 23,1*18,238 11+55,1+22 5,805,298 1636,115 2173,968 11*70,037 1238,1*02 5397,352 I09l*,815. : 629,518 1100,092 90i*,155 2517,10!+ Total loans and securities""" 25,675,151* H+69,108 5,877,554 1651*,89I* 2195,907 H+81,970 121*6,022 31*31,181* 1110,1+12 651,638 1115,635 909,021 2551,791 Due from foreign banks 92 5 1/36 7 - 8 1* 3 11 • 5 " 2 - 5 5 7 i-'.R.notes of other banks 125,19I 5,028 l~l2l+6 5,28-9 6,055 25,189 9,021* 12,890 9,0l;2 7.-1+33 -6,771 ^,69!+ 18,550 Uncollected items 3,079, Vol* 21*6,756 .61*9,137 182.,63k 305,175 2l*o,7l+7 19^,850 516,215 135,700 79,680 135,396 125,625 270,21+1 Tank premises 32,6^7 1,311 8,5ll+ 3,206 3,90l* 2,709 1,537 3#069 2,022 1,277 2,5^8 805 1,807 Other assets 1*5,378 2,892 10,21*7 2,805 1*,517 2,1*30 2,6?!* 5,952 2,9T', 1,255 1*860 2,11*1 l+,5l+9 TOTAL ASSETS 1*5,561*,990 25l*l*,6o5 11,870,1+02 275l+,09l -3701,982 2812,61*3 21*19,858 71+59,71+7 1891,870 1108,651+ i.r92..61+9 1556,565 5572,126 l/ After deducting $56,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(c) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 16, I9I4.6 (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 24, 557,21? ll|75,83S 5,560,1;11 1656,63! 209li,638 1764,055 I44I,450 14505,370-1087,127 580,351 906,602 60.4,143 2880,101 Deposits: < > ] Member bank-reserve acct. l6,lU,9l6 745,819 5,Ql6,6o2j. 803,039 1176,48? 742,11+9 72ii,527 2286,603 599,181 409,755 805,896 763,523 2070,333 U.S.Treasurer-general acct. 524,073 '33,177 H3,86l 56,Q89. 1+7,571 35,983 22,529 99,368 26,488 24,561. 21,967 13,359 1;5,630 Foreign 539,3-85 32,799. 1/200,350 42,151 hi,229 23,869 19,293 68,051 17,267 12,696 16,759 16,251 42,665 Other 329,011 - lf-,081 253,166 2,438 5,209 3,069 86? 3,165 7,712 2,570 1,50JL 88? I4I1/5I45 Total deposits 17,534,385 813,876 5,533,981 833,717 1276,496 803,070 707,21? 2k5?,l8v 650.61.8 4l;9,522 846,126 799,522 22u3,023 Deferred availability items 2*601,000 211,700 515,154 159,302 268,i+34 212,044 183,025 1+06,016 129,613 6l',026 .115,531 109,252 229,905 Other liabilities including _ ' --': accrued dividends 12,515 7O6' 5,759 695 l,lif? 571 529 2,0?8 467 .,1441 - 510 1;77 1,157 roiii LIABILITIES 44,705,117 2502,120 11,663,285 2700,345 3614.0,715 27 7y,(l-t0 2^,2^1 7371,151 1867,055 1091,340 1366,769 1513,394 531))., 184 Capitai paid in l3u,529 10,389 61*,685 13,663 18,271 7.77-U 7,036 22,23? 6,020 lj.,005 ..6,110 6,775 17,068 Surplus;(section 7) 353,355 22,109 116,860 28,946 35,745 15,593 lh,kS0 53,029 12,939 8,869 11,891 10,670 28,924 Surplus (Section 15b) 27,1+23 3,012 7,205 h,501 1,00? 3,3-26 762 1,';.29 527 1,073 1,137 1,^7 2,142 Other capital accounts ..85,561, 6,ll<5 18,367 6,638 8,244 6,210 5,339 11,905 i-!,52? 5,367 k,lk2 4,219 9,608 rr;.<Vp * T r T .- PTT T-n'TT?0 " .'-. TTrs «-—-—-•-—•-•"---------—«^^ COITAL ACCOUNTS 45,364,990 251)4,603 11,870,402 2?5ii,091 3701,932 2812,6U? 21*19,358 7->5?,747 1391,370 1108,654 1392,61+9 153^3,365 5372,126 Contingent liability on bills purchased for foreign correspondents 3,120 .200.. 1,039 259 290 llfi 118 4l3 lOo 78 103 100 262 Corrjiiitments to make industrial loans 6,247 — --- 1+96 671 1+0 — 332 4,0l>0 — 450 I63 5 F. R. notes outstanding 25,203,319 1506,22a 5,700,928 1700,991 2143,048 1799,122 l43ir,510 4.584,739 1125,911^591,836 932,111 633,569 3000,326 Collateral for F. R. notes held by F« R« agents: Gold certificates 10,979,000 4?0,000 3,470,000 505,000 635,000 625,000 595,000 2100,000 300,000 170,000 280,000 159,000 1700,000 Eligible paper 92,457 7,250 27,700 6,397 — 5,635 — — 11.130 13,350 11,225 —- 3,700 U. 3. Govt., securities 14,878,620 1100,000 2,300,000 1200,000 1550,000 1200,000 900,000 2500,000 903,620 425,000 700,000 500,000 lc00,000 MATURITY DISTRIBUTION aF L0L\--d .r.\<P- SECUK-ITJ^S Within 16 to 31 uo 6l to * 91 days to 5 months 1 to 2 2 to 5 Over Total 15 days 30 days oO days 90 days 6 months zo • 1 year years years 5 years Discounts and advances 253,805 95,9^2 24,515 115,750 17,593 Industrial loans 1,091 90S 1 3 59 8 8 6 36 u. s.'-Govt securities 25,413,233 3,230,726 3,oo4,46o 4,995,337 4,739,724 3,067,356 3,231,91+5 3?0,400 lli3,350 531,914-0 % l/ After deducting $333,731,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis