H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS. OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, November 1; nojc earlier) H.li.l October 31, I9J4-6 CONDITION OF THE FEDERAL RESERVE BANKS During the week ended October 30 member bank reserve balances increased $332,000,000, Additions- to ifcember bank reserves arose from increases of $1*65,000,000 in Reserve-bank :c^edit, $11,000,000 in gold stock and $2,000,000 in Treasury currency, offset in part by increases of $93,000,000 in Treasury deposits with Federal Reserve Banks, $3l|,000,000 'in nonmember deposits and other Federal Reserve accounts, $15,000,000 in Treasury cash, and $3,000,000 in money in circu lation* Excess reserves of member banks on October 30 were estimated to be approximately $830,000,000. Holdings of loans, discounts and advances decreased $10,000,000 while holdings of United States Government securities increased $552,000,000. The in** crease in holdings of United States Government securities reflects an increase of $575,000,000 in bills and a decrease of $23,000,000 in certificates. Changes in member bank reserve- balances and related items during the week and the year ended October 30, 19)46, were as follows: Increase or decrease since Oct. 30, Oct. 23, Oct. 31, I9ii6 I9i|6 19U5 (In millions of dollars) U. S. Government securities 23,608 + 552 + 332 Loans, discounts arid advances • 239 - ' 10 ~ 202 Other Reserve Bank credit 255 - 76 - 15 Total Reserve Bank credit 2U.101 + li65 + 111; Gold stock 20/399 + 11 + 363 Treasury currency l4,5ii8 + 2 + 270 Member bank reserve balances 16,111 + _ 332 + 388 Money in circulation 28,588 + 3 + 539 Treasury cash 2,285 + 15 + Ul Treasury deposits with &* R. Banks » 162 + 93 + 33 Nonmember deposits and other F. R. accounts 1,601 + 3l4 - 255 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.2| l(a) # 'STATEMENT OF CONDITION OF THE TWELVE FEDERAL RESERVE BANKS COMBINEp (In thousands of dollars) Increase or decrease since Oct. 30, Oct. 23, Oct. 31, 1946 1946 1945 A S S E TS Gold certificates 17,450,428 + 5,002 + 331,863 Redemption fund for F. R. notes 778,118 + 17,268 Total gold certificate reserves 18,228,546 + 5,002; '+ 349,131 Other cash 289,761 + 7,282 + 46,187 Discounts and advances 237,587 - 10,470 - 201,469 Industrial loans 1,084 + • 49 1,277 U. S. Govt, securities: Bills 14,710,285 +575,019- +1,537,820 Certificates 7,452,001 , - 23,060 + 245,840 Notes 690,100 -1,230,050 Bonds 755,290 •• - 222,102 Total U. S. Government 23,607,676 +552,019 331,508 Total loans and securities 23,846,347 +54;i,598, 128,762 Due from foreign banks •92 18 F.R. notes of other banks 125,039 - 1,373 + 12,208 Uncollected items 2,234,708 -.94,773 + 393,702 Bank premises 32,647 37- 1,077 Other assets: .49,-741 + '2,945* n,o64 TOTAL ..ASSETS 44,806,881 +46o,644 + 917,831 L I A B I L I, T I ES Federal Reserve notes 24,569,990 + 17,722. + 354,978 Deposits: Member bank - reserve account 16,111,318 +331,958 + 387,906 U.S f Treasurer- general account 465,199 + 92,953 + 33,270 Foreign 687,985 • +152,688 249,537 Other 317,787 -118,944 117,531 Total deposits 17,579,^289 +458,655^ + 54,108 Deferred availability items 1,980,,286 . - -18,397. + 4o8,697 Other liabilities including accrued dividends 13,736 + 1,014 + 2,195 TOTAL LIABILITIES 44,143,301 +458,994 + 819,978 C AP T T A L-. A Q C 0 U N T S • » »' "i <•«> i < Capital paid in 184*853 + ' 48 + .1-2,128- Surplus (Section 7) + 130,202 358,355 Surplus (Section 13b) 27,:428 + . 20 Other capital accounts +_ 1,602 . . 44,740 92,944 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 44,806,831 •4 60,644 917,831 Ratio of gold -.certificate reserves to dopo6it and F« R.note 43.2fo liabilities combined- Contingent liability on bills purchased 4,079 465 '4,079 for foreign correspondents Commitments to make industrial loans 8,645 143 4,966 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.U.100 STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON'OCTOBER 30, I9I+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 17,1+50,1+26 71+2,075 l+,999,936 850,992 1130,381* •992,2UU 885,81+2 31+82,215 567,215 358,1+61 576,962. U66,133 2^17,969 Redemption fund for - F. R. notes 778,118 56,399 117,278 60,36b 75,838 61,729 l+5,22o 126,131 1+6,81+0 21,285 54,351 25,293 107,408 Total gold certificate .' . reserves 18,228,546 798,474 5,117,214 911,558 1206,222 1055,975 931,062 3608,546 614,055 559,746 611,293 1+91,^26 2525,377 other cash 289,761 23,704 70,724 20,086 20,703 19,255 19,122 34,482 17,479 6,198 15,489 9,278 55,261 Discounts and. advances 237,587 13,948 71,610 19,252 18,175 2l+,159 13,281+ 28,279 12,739 5,545 11,14*0 7,514 11,844 Industrial loans l,08l+ 60 1,024 —- —- U. S. Govt, securities: Bills 11^,710,285 866,297 3,811,730 917,685 1425,542 922,475 780,292 2124,445 628,976 589,688 672,552 498,640 1671,585 Certificates 7,1+52,001 1+97,653 1,880,113 586,802 645,058 1+61,544 595,526 976,781+ 400,565 222,1+19 353,347 555,297 699,095 ; N°tes 690,100 '1+6,086 1714,110 ' 54,541 59,552 l+2,7i+l 56,629 90,456 57,076 2o,597 52,722 51,050 64,74o Bonds -755,290 ,5o;,459 190,557 59,475 65,177 46,779 40,088 99,001 1+0,579 22,51+3 35,813 55,985 70,856 Total U. S. Government securities 23,607,676 il+6o,i+75 6,056,510 1618,305 2191,129 H+75,559 1252,555 5290,68!+ 1106,994 655,21+7 1094,214 898,970 2509,076 Total loans and . . .. . . . . securities 23,81+6,31+7 1474, 1+85 6,128,120 1658,5792209,502 11+97,698 1265,819 5518,965 1119,755 660,792 1105,^54 906,281+2520,920 Due from foreign banks 92 ' 5 l/ 36 7 8 1+ 3 11 3' 2 3 *3 7 F.R.notes of other banks 125,059 5,31+6 T7,288 6,582 6,768 24,759 12,252 13,1+51 5,885 5,655 7,ol+o 3,319 16,951+ Uncollected items 2,23l+,708 161,010 1+28,01+1+ 122,913 219,657 18l+,529 U+4,223 371,267 108,791+ 63,865 11+1,570 85,1+12 203,1+21+ Bank premises 32,61+7 1,306 8,5li+ 5,194 5,895 2,702 1,555 5,061+ 2,019 1,275 2,558 806 1,801 other assets 1+9,71+1 5,21+7 ' n,l+57 5,269 4,976- 5,017 2,836 . 7,055 ; » >,Q94 1,565 2,205 2,339. ^4,905 : TOTAL ASSETS 1+1+,806,881 21+67,575 11,781,597 2705,788 5671,551 2785,917 2376,830 7,356,599: 1871,062 1098,8761885,792 H+98,867 5306,647 l/ After deducting $56,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.l+.l(c) STATEMENT OF1 CONDITION OF THE FEDERAL RESERVE BAMS ON OCTOBER 50, I9I+6 (In thousands of dollars) L I A^B I L I T I E S -Total Boston New York Phila. Cleve. Rich. Atlanta Chicago St.Louis Minn. Kans.Cy. Dallas SanFran. Federal Reserve notes 24,569,990 ll+69',886 5,558,526 1656,552 2091,959 1775,256 11+1+5,000 1+510,553 1091,152 580,1+96 907,545 606,5752876,752 Deposits; Member bank-reserve acct. 16,111,318 724,929 5,051,878 792,191+ 1206,376 744,542 712,1+1+8 2296,801 597,999 1+08,030 777,969 74.5,775 2052,577 U.S.Treasurer-general acel*. 1+62,199 27,l62 128,895 51,547 1+3,21+5 35,166 22,879 66,092 '25,728 I8,l62 19,581 13,072 29,672 w reign 687,985 1+2,557 1/21+7,1+93 5l+,763 6l,36l 31,010 25,072 88,1+12 22,1+35 16,1+95 21,773 21,113 55,503 Other 517,787 2,925.-231,217 5,1462 7,249 5,059 2,718 2,81+3 8,701 2_,_555 2,631 l+,086 46,361 Total deposits 17,579,289 797,573 5,659,1+85;; 881,966 1518,229 811,757 763,117 2454,148 652,861 44.5,242 821,951+ 789,01+6 2183,915 Deferred availability items 1,980,286 156,688 351,766 112,236 198,1+81 165,105 ll+0,267 300,507 102,519 55,515 151,690 79,597 186,517 Other liabilities including accrued dividends 15,756 720 ••.- 5,958 769 1,292 61+0 651 2,505 557 ,- .413 525 557 1,189 TOTAL LIABILITIES 44,143,501 2l+2l+,367 11,573,513 2651,523 3609,961 2752,758 231+9,015 7267,^93 181+6,869 1081,1+61+ 1861,711+ 11+75,773 521+8,351 Capital paid in l8l+,853 10,899 61+,689 13,920 18,277 7,781+ 7,039 22,21+1+ 6,026 'l+,00l+ 6,118 6,781 17,072 Surplus (Section 7) 553,555 22,1+39 ll6,86o 23,91+6 33,71+5 15,593 ll+,l+50 55,029 12,939 8,869 11,891 10,670 28,921+ Surplus (Section 13b) 27,1+23 3,012 7,205 4,501 1,007 3,326 762 1,1+29 527 1,073 1,157 1,507 2,11+2 other capital accounts 9.2,91+1+ 6,358 19,150 6,898 8,51+1 6,1+56 5,561+ 12,1+01+ 4,701 5,1+66 l+,932 l+,356 10,158 TOTAL LIABILITIES AND CAPITAL ACCOUNTS l+4,8o6,83l 2467,575 11,781,397 2705,788 3671,531 2785,917 2376,330 7356,599 1871,062 1093,876 1805,792 1498,367 5306,647 Contingent liability on bills purchased for foreign correspondents 4,079 26l .2/1,353 359 579 192 155 546 159 102 135 130 343 Commitments to make ~ industrial loans 8,645 — 1,612 1,771 40 ... — 332 4,040 — 450 155 195 F. R. notes outstanding. 25,250,755 1513,759 5,710,148 1705,672 2147,436 1812,90,5 1487,818 4537,996 1123,467 592,616 930,714 637,644 2997,600 Collateral for F. R. notes held by F. R. Agents: GoH certificates 10,979,000 430,000 3,470,000 505,000 635,000 625,000 595,000 2100,000 300,000 170,000 280,000 169,000 1700,000 Eligible paper 75,477 5,335 26,055 8,l47 17,370 — 8,190 2,200 7,025 605 U. 3. Govt, securities 14,895,915 1100,000 -2,500,000 1200,000 1550,000 1200,000 900,000 2500,000 920,915 425,000 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Within - 16 to 31 to 6l to 91 days to 6 nunths 1 to 2 2 to 5 Over Total 15 days J>0 days 60 days 90 days 6 months to 1 year years years 5 years Discounts and advances 257,587 94,359 111,990 22,675 8,083 Industrial loans 1,081+ 958 6 58 3 11 7 7 34 U. S. Govt, securities 23,607,676 4,192,981+ 2,282,24l 4,942,778 4,831,682 3,065,556 5,^41,91+5 520,400 148,550 531,940 l/After deducting $l+40,081,000 participations of other Federal Reserve Tanks. 2/After deducting $2,721,000 participations of .other Feaera?. Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis