H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF TEE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, October 25; not earlier) H.lwl October 2k, I9I16 CONDITION OF THE FEDERAL RESERVE'BANKS During the week ended .October 2J member tank reserve balances decreased $363>O00,0OO# Reductions in member bank reserves arose from a decrease of $516,000,000 in Reserve Bank credit and an increase of $103,000,000 in nonmember deposits and other Federal Reserve accounts, offset in part by an increase of $6^,000,000 in gold stock" arid decreases of $155,000,000/ilreasury deposits with Federal Reserve Banks, $12,000,000 in money in circulation, and $1^,000,000 in Treasury cash. Excess reserves of member banks on October 23 were estimated to be approximately $5i*0,000;000» Holdings of loans,'discounts and advances decreased $6,000,000 and United States Government securities $362,000,000. The decrease in holdings of United States Government securities reflects decreases of $31$,000,000 in bills and $19,000,000 in certificates. Changes in member bank reserve balances and related items during the week and the year ended October 23', I9I46, were as follows t Increase or decrease since Oct. 23, Oct. 16, Oct, 2k, ' 19U6 19^5 (In millions of dollars) U. S. Government securities 23,056 - 362 - 33 Loans, discounts and advances 21*9 - 6 - 11*3 Other Reserve Bank credit 331 1I18 + 22 • -• Total Reserve Bank credit 23,636 _ 516 - 15U Gold stock 20,388 + eh + 550 Treasury currency Ib5ii6 + 1 + 276 Member bank reserve balances 15,779 _ 363 + 28 Money in circulation 28,535 - 12 + 611 Treasury cash 2,270 - h + 22 Treasury deposits with *\ R, Banks 369 - 155 + lh Nonmember deposits and other &, R. accounts 1,567 + 103 -26U Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.Lt.l(a) . STATEMENT OF CONDITION OF THE' TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars')' Increase or decrease since Oct.- 23, Oct. 16, Oct, 2k $ 19^6 19U6 I9h5 A S S E TS Gold certificates 17,14145,1426 ++110000,,000000 ++ 316,861 Redemption fund for F* R. notes 778,118 ++ 27,268 -- 11,,889977 Total gold certificate reserves 18,225, 5l4.il. ++ 9988,,116633 ++ 544,129 Other cash 282,1,79 - 2,371A 58,557 Discounts and advances 21,8,057 - 5,7i48 ll|i,6li9 Industrial loans 1,035 56 1,665 U. S. Govt, securitiesj Bills 114,135,266 -5143*581 ++11 ,1111,801* Certificates 7,1475,001 - 19,000 ++ 505,8140 Notes 690,100 --11 ,230,050 Bonds 755,290 222,102 Total U. S. Government securities 23,055,657 --336622,,558811 •35,508 Total loans and securities 23,3014,7149 --336688,,338855 - 176,822 Due from foreign banks 92 18 F.R. notes of other banks 126,412 + 1,221 + 7.780 Uncollected items 2,329,1481 -750,223 + 509,265 Bank premises 32,6814 13 1,105 Other assets . 146,796 + 2,918 11,952 TOTAL ASSETS 1414,3146,237 -1,018,753 +' 709,856 L I A B I L I T I E S' Federal Reserve notes 214,552,268 - Ii,9u9 + 397,001 Deposits j kember bank - reserve account,. 15,779,560 -362,556 -f 28,137 U. S. Treasurer - general account 369,21,6 -154,827 + 7a,359 Foreign 535,297 - 4,088 - 1429,510 Other 1436,731 +107,720 + 52,676 Total deposits • 17,120,6514 -1413,751 - 274,358 : Deferred availability items 1,993,683 -602,317 + 1486,900 Other liabilities including accrued dividends 12,722 +• 207 + 1,584 TOTAL LIABILITIES • - 45;684,397 j-1,020,810 + 610,947 C A P I T A L A C C O U N TS Capital paid in 13a,005 + 276 + 12,127 Surplu" (Section 7) 558,355 + 150,202 SU--T. IUG (' ?ecti on 15b) 27,1428 • + •265 Other capital accounts 91,312 + 1,781 - 45,705 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 44,346,237 -1,018,753 + 709,856 Ratio of gold certificate reserves to deposit and F, R. note liabilities combined h5>7% ,&/o ,1% 'Contlnr-—" liability on bills, purcha* for foreign correspondents 5,611, +': 491 + 5,611; Commitments to make industrial-loans 8,502 +2,255 •f- 4,951 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K.l+.l(b) STATEIIE.IT OF CONDITION OF THE FEDERAL RESERVE BANKS ON OCTOBER 23, 1946 (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 17,445,426 755,591 5,285,177 836,754 1104,593 957,51+7 882,658 5551,569 553,-937 558,520 568,589 l+55>488 2371,968 redemption fund for , • F. R. notes 778,118 " 56,599 117,278 60,566 75,838 61,729 1+5,220 126,131 1+6,81+0 21,285 5a,551 25;293. 107,408 Total g;old certificate reserves 18,223,544 81-1,990 5,1+02,455 897,100 1180,1+36 999,276 927,878 51+77,700 605,827 359,805 602,920 1+73,781 21+79,576 Other cash 282,1+79 22,1+05 69,112 20,182 17,816 19,681+ 19,698 55,1+1+9 15,674 6,711 15,850 9,495 52,1+07 Discounts and advances 21+8,057 15,621 72,206 19,015 13,21+4 21,21+8 15,970 25,802 16,652 10,1+70 15,81+1 6,918 12,092 Industrial loans 1,055 60 975 U. S. Govt., securities: Bills. ll+, 155,266 8l+l+,595 5,21+6,677 916,908 H+06,961 926,259 782,019 22ol+,9H+ 6ll+,66i+ 571,565 656,815 l+92,826 1669,065 Certificates 7,1+75,001 1+99,270 1,885,685 588,561+ 61+5,277 463,000 396,71+0 979,755 1+01,501 223,074 35J+,a59 556,291+ 701,581+ Notes 690,100 1+6,093 174,088 51+.357 59,575 l+2,7li5 36,628 90,1+52 57,066 20,59!+ 52,724 3l,ol+7 64,755 B°nds 755,290 50,1+1+7 190,533 59,470 65,200 1+6,783 1+0,088 93,997 1+0,568 22,539 55,815/ 53,980 70,870 Total U..S. Government • » , . . . . .. securities -23,055,657 11+1+0,205 5,1+99,181 1619,279 2177,011 11+78,787 1255,1+75 5571+, 118 1095,799 637,772 1079,315 894,11+72506,070 Total loans and i^curitiei 23,3ol+,7l+9 11+55,686 5,571,587 1659,267 2195,255 1500,055 1271,41+5 5599,920 1110,1+51 648,21+2 1095,651+ 901,065 2518,162 Lue from foreign banks 92 5 1/ 36 7 8 1+ 3 11 5 2 5 '5 7 F.R.notes of other banks 126,1+12 5,638 19,199 5,892 6,031 25,1+68 9,783 -12,788 8,507 6,1+1+2 6,695 5,785 16,196 uncollected items 2,329,1+81 168,311 1+56,315 128,521+ 208,265 2o5,929 H+7,550 595,595 108,460 66,201+ 119,1+66 95,295 231,775 sank premises 32,68i+ 1,511 8,5H+ 5,206 5,90l+ 2,702 1,536 3,061+ 2,022 1,277 2,538 803 1,307 other assets 1+6,796 3,o68 10,1+1+5 3,135 4,757 2,778 2,758 6,605 2,987 1,291 1,970 2,31+0 l+,668 TOTAL ASSETS 1+4,32+6,237 21+66,612" 11,557,1+59 2697,511 56l6,l+6o 2755,876 2380,1+51 7527,128' 1853,9H 1089,971+ 181+5,096 il+9i,5'6i 523l+,598 l/ After deducting $56,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

B.lul(c) t STATEMENT OF CONDITION OF THE FEDBRAL RESERVE i&NKS ON OCTOBER 23, l?i*6 (In thousands of dollars) * B.'I L I I E S Total Boston New YoTk Phila. CI Rich. Atlanta Chicago St.Louis Mi nn. Kans. Cy. Dallas SanFran. Fed e raI He serv3 notes 2^,552,268 1 ^ , 6 13 5,550,101 1656,776 2093,960 1768,009 llj+i,033 ii.509,016 1088,742 5 581,360 906,245 602,547 2379,861 Deposits: Member bank-reserve acct. 15*779*360 736,712 if.,801,238 795,?0li H35,iil+6 719,336 722,117 2276,082 590,3)17 405,402 770,468 744.381 2031,427 U.S.Treasurer-general aeet. 3^9*21^6 26,068 51,6i<6, 27,768 55,5l|9 OQ.)..Qi. of c?;, c5;77,.^5i4?2 02~3., 9.O5q7? 17,185 21,190 18,922 33,601 Foreign 535*297 32,6iiQ 1/197,722 4l,9'67 • 7 n'« ;,7QU 19, 21I4. 67,754 17,191 12,641 16,686 16,180 42,506 (-1 ,- <•• y Other I4.3 6/73I , 3,1*57 -' 360,072 2,232 •7 Q,<Q 233 2,' 3,072 R n 2,229 1,088 1,062 42,220 . J »• Total deposits ii^ioMh 79'8,88o 57110,078 867,871 1275,787 776,332 769,913 21+04,u50 c39,529 1x57,457 809,432 730,5U5 Deferred availability items 1,998,683 149,755 ~J-6r- ^68 117,796 184,066 177,883 141,173 322,697 101,030 ' 53 ,352 104,947 84,913 195,498 Other liabilities including accrued dividends 12,722 720 3,615 72;= 1 O70 AOOf ?9h 2,11 o 496 i45 486 517 1,164 1 .',- TOTAL LIABILITIES 43,684,307 2423,974 11,329,962 2643,178 3555,043 2722,832 2352,718 7233,275 1629,797 1072,6l4 1321,110 1468,527 522o,277 Capital paid in 184,805 10,892 64,684 13,905 13,274 7,781 7,036 22,24.3 6,020 4,005 6,115 6,780 17,072 Surplus (Section 7) 558,355 22,439 116,860 28,946 35,745 15,595 14,450 53,029 12,939 8,869 11,391 10,670 23,924 Surplus (Section ljb) 27,428 3,012 •7,205 4,501 1,007 3y, 3,32266 762 1,429 C97 1,075 1,137 1,307 2,142 Other capital accounts 91,342 6,295 18,748 6,781 3,391 6,3l44 »,485 12,152 U..C j— Z 0 1 5,415 < 4 1 4 , » 34; 4,277 9,985 TOTAL LIABILITIES ill-ID CAPITA ACCOUNTS 1^,3^6,237 2466,612 11,537,459 2697,311 3616,460 2755,876 2330,451 7327,128 1853,911 1089,974 1345,096 1491,561 5234,598 Contingent liability on bills,-purchase d for foreign co-respondents 3>6lij_ • 231 2/ 1,203 500 336 170 137 434 123 91 119 116 504 Comjiiitments to make industrial . ~ 1(^ans , 4. , ,. 8*502 1,661 1,571 40 - — 532 ii,uijO — 450 165 195 r • a* notes outstanding; 2% 9^0 67? 1513,459 5,705,697 1703,473 2146,254 1309,031 1431,205 4584,342 1126,653 592,730 930,397 655,964 5002,993 Collateral for F. R. notes held by F. H. Agents: 430ooo 3,470,000 505,000 635,000 625,000 595,000 2100,000 300,000 170,000 230,000 169,000 1700,000 Gold certificates 10^979,000 r 5,250 24,650 8,157 — 15,100 — — 12,185 7,200 11,525 1,105 Eligible paper 85,172 1100,000 2,300,000 1200,000 1550,000 1200,000 900,000 2500,000 927,970 425,090 700,000 500,000 1500,000 U. S. Govt, securities 14,902,970 MATURITY DISTRIBUTION OF L0,\KS AND SECURITIES Within 16 to 51 to 6l to 91 days to 6 months to 2 2 to 5 Over Total 155 days 50 days cO days 6 months to 1 vear /'ears years 5 years Discounts and advances 248,057 96,487 22,297 110,900 13,373 Industrial loans 1,035 915 57 3 3 96 "36 23,055,657 3,335,855 2,176,610 4,906,594 4,755,629 5,065,556 3,264,945 320 ,400 148,350 531,940 1/ After deducting $557,252,000 participations of other Federal Reserve Banks. 2/ After deducting $2,411,000 participations of other.Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis