H.4.1 Factors Affecting Reserve Balances of Depository Institutions

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (Released for Publication Friday morning, November 8; not earlier) H l| l November 7, 19^6 # ? CONDITION OF THE FEDERAL RESERVE BANKS During the week ended November 6 member bank reserve balances decreased $51,000,000* Reductions in member bank reserves arose from an increase of $162,000,000 in money in circulation, offset in part by increases of $6,000,000 in Reserve Bank credit and $6,000,000 in gold stock and by decreases of $9,000,000' in Treasury cash, $5^,000,000 in Treasury deposits with Federal Reserve Banks, and $35>000,000 in nonmember deposits and other Federal Reserve accounts. Excess reserves of member banks on November 6 were estimated to be approximately $720,000,000. Holdings of loans, discounts and advances increased $138,000,000, while holdings of United States.'Government securities decreased $93,000,000* The de crease in holdings of United States Government securities reflects decreases of • $357,000,000 in certificates and $2,000,000 in bonds, and increases of $215,000,000 in bills and $51,000,000 in notes * Changes in member bank reserve balances and related items during the week and the year ended November 6, I9I46, were as follows: Increase or decrease since Nov. 6, Oct. 30* Nov. 7 J9U6 191*6, 19U5 (In millions of dollars) U. S. ..Government securities 23,515 - 93 + ii39' Loans, discounts arid 'advances 377 + 138 • : - 133 Other Reserve Bank credit 215 - ko 75 • - Total Reserve Bank credit 2k, 107 + 6 ' + 230 Gold stock 2o,Uo5 + O + 370 Treasury currency I4,5i48 -.«.-. + 263, Member bank reserve balances 16,060 _ 51 + 323 Money in circulation 28,750 + 162 + 613 Treasury cash 2,276 - 9 + 8 Treasury deposits with F* R. Banks Uos - 5h + 1U7 Nonmember deposits and other F* R* accounts 1,566 - 35 - 228 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.Ll(a) STATEMENT OF CONDITION OF THE.TWELVE FEDERAL RESERVE BANKS COMBINED (In thousands of dollars) Increase or decrease since November 6, 'October 30, November 7, " ' 19.1*6 19U6 191*5 A S S E'T S Gold certificates 17,li58,l|29 + 8,001 + 3l+U,8&i Redemption fund for F.R. notes 779,661 .+ l,&3 + 19,956 Total gold certificate: .reserves 18,238,090 + 9/5U* + 36!*, 82o Other cash 269,929 - 19,832 + 38,863 Discounts and advances 376,089 +138,502 131,795 Industrial loans . 1,101; + 2o " -1,227 U.S. Govt, securities* Bills 111. 92 5,368 +215,083 +2 ,058,127 Certificates 7,095,012 -356,989 196,6U9 Notes 71*1,100 + 51,000 -1 ,179,050 Bonds 753,590 - 1,900 221;, 002 Total U,S. Government securities 23,51^,870 - 92,806 ++ 1*58,1*26 T-t&l loans and securities 25,692,063 + 1+5,716 ++ 505,1*0.6 DM3 from foreign banks 102 + 10 - 8 F, Ic. notes of other banks •108/993 - 16,0U6 + 2,102 Uncollected items 2,087,501 -11*7,207 + 51*9,79l* Bank premises' 32,618 29 1,100 Other assets 1*7,561 - 2,180 15,859 TOTAL ASSETS Ui/676,857 -130,02]; +1 , 0I16,038 L I A B I L I T I ES Federal Reserve notes 2U,689,686 +119,696 + 393,873 Deposits; Member bank - reserve account 16,060,319' - 50,999 + ; 322,991 U.S. Treasurer - general account 1*08,053 - 5l|,ll46 + 11*6,583 Foreign 667,22*5 - 20,737 21*6,671* Other 300,125 - 17,662 96,225 Total deposits 17,1*35,71*5. -11*3,51*1* +'. 12.6,675 Deferred availability items 1,672,962 -107,301* + 1*25,51*1* Other liabilities including accrued dividends .13,529. -i 207 + , 2,1*1*1 TOTAL LIABILITIES ' i0t,oii,9U2 -131,359 + 91*8,533 C A P I T AL A C C O U N TS Capital paid in 18k,878 25 + 11,781 Surplus (Section 7) 353,355" + 130,202 Surplus (Section 13b) 27,1*23 + 263 Other capital accounts 9U,25ii + 1,3.10 1*1*, 71*1 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ^676,857 '130,021^ +1, Olj. 6,038 Ratio of gold'certificate: reserves to deposit and F.R^note liabilities combined h3*~5% , L'/O Contingent liability on bills purchased for foreign correspondents " ' 5*573 + l,l*9l* 5,575 Commitments to make industrial loans- 8,581 6h 5,261 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H,-l+.l{b) STATEMENT OF CONDITION OF THE FEDERAL RESERVE BANKS ON NOVEMBER 6, I9I+6 (In thousands of dollars) Total Boston New York Phila, Cleve. Rich. Atlanta Chicago St.Louis Minn. - Kans.Cy. Dallas San.Fran. A S S E TS Gold certificates 17,1+58,1+29 769,561 5,110,653 829,700 1120,1+21 1110,769 9&+,1+1+3 3209,9^2 586,600 3U3,2.59 583,%21 1+78,667 2350,993 Redemption fund for • . F. R. notes 779,661 -56,375 117,167 60,305 75,789 61,720 1+5,167 128,066 1+6,322 21,267 5^312 - 25,278 107,575 Total gold certificate reserves 18,238,090 825,931+ 5,227,81+0 890,0051196,2101172,1+891009,6105338,008 635,1*22 561+,526 617,733 :'505,9>*5 21+58,368 Other cash 269,929 22,090 63,139 19,206 18,263 2o,808 18,996 32,396 15,058 6,678 15,31*6 8,1+02 29,567 Discounts and advances 576,089 12,81+3 123,1*30 21,1+91 57,128 l6,57li 2l+,09i+ 55,979 19,579 7,1*20 15,310 8,922 15,319 Industrial loans l,10l* 60 1,01+1+ , — — —- — —- U. S. Govt, securities.} m is . H*,925,368 89l+,ol+3 3,656,181 968,99k 1398,138 87l+,366 725,957 21+58,01+1 616,700 1+03,877 687,590 1+86,530 1755-151 Certificates 7,095,0-12 1+58,711 1,775,188 5l*o,3ll 603,797 1*29,098 378,129 9l9,li7k 1+00,651 2il+,52lt 356J+61+ 31*0,1+1*3 678 1+22 Notes 71*1,100 1+7,911* 185,1*25 56,1+37 63,069 'l*i+,82l 59,1*97 96,ol+5 1+1,81+9 22,587 57-2^5 55,^60 70-.865 Bonds 753,590- • 1*8,709 186,500 57,373. 61|,H5':; 1*5,5&* 1+0,152' '97,636 1+2,51+3 22,758 37,852 36.150 7?,'->->8 Total U. 5. Government securities" 23,5il+,870 11+1*9,377 5,805,291+ 1623,115 2129,119 1393,81*9 1183,735 3571,191* H0l,7l*3 663,31*6 1119,11a 698,1*83 2576,1+7!+ Total loans and - " securities 23,892,063 H+62,280 5,928,72I+ 161+5,650 2186,21+7 11+10,1+23 1207,829 3627,173 112:1,322 670,766 1.131*, 1*51 907,1*052589,793 Due from foreign banks IQ2 .5 l/ 1+6 7 8 1+ 3 11 ; 3 2 3 3 7 F.R.notes of other banks 108,993 5,899 T3,7i*2 i+,263 6,193 23,170 9,ol+6 11,070 '6,672 1+,551 6,687 5.71*2 13.978 Uncollected items 2,087,501 ll+9,8l*l 31+2,1+91+ 139,61*0 2oo,2l+l+ 200,627 11+5,823 330,295 101,535 65,11+1 107,562 86,582 217.717 Bank premises ' 32,613 l,30o 8,1+96 3,191* 3,895 2,702 1,533 3,0&+ 2,019 1,275 2,532 301 1,801 Other assets 1+7,561 5,011 10,633 3,071 U,7S5 2,717 2,697 6,61+9 5,169 1,367 2,521 2,267 l*,87i+ TOTAL ASSETS 1+1+,676,857 21+70,366 11,595,111+ 2705,036 3615,81+5 2832,9U0 2395,537 751*8,666 1885,180 llll+,286 1886,635.1513,11*7 5316,105 "l/ Afte'r 'de'ducting $56,000 participations of other Federal Reserve Banks, : Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.li,l(c) (in thousands of dollars) L I u B I L .. T I BS Total Bo'ston Hew York • Phila, r&ch. Atlanta Chicago St, Louis J'.Ann. Kans.Cy. Da 11 us SanPran. Federal Reserve notes 2li,689,68.6 A7A505 5,538,55:8 1660,557 2097,638 1783,008 14-50,31+1 1+533,343 1099,229 53)4,61L9 9A,2l+3 615,168 2837,59'+ De-posits; ' " .••• ' " - Leiuber bank-reserve o.cct. l6 060,3L9 74A813 4,968,065 707,2361180,530 729,551 728,2112272,510 601,159 1;20,1+53 799,851 74-5,713 5 4,^.Treasurer-raeneral acct. ho3 :053. 51,551 * .90,796 19,Ii22. 51,482 30,323 2L,092 oi+,967 23,723 22,197 23,705 19,173 20,317 ; 667, A3 •• A , A? 1/239,265 55,209 59,619 30,130 2^,3-61 35,90ii 21,796- 16,027 "2'i,l= 20,514 53,919 3OA125 3..7A 221 5 J ~ 7 ^ i * l • 4, /"cA 2,57/4 1,011 J 9 w A,-' 8,AA)1 9 7,Cr ,251+ 979 AAi-7 Total deposits 17,135.745 326,731 5,519,500 372,221:,. 1278,237 793,073 778,475 A27,0l+4 660,1214. is.61,035 34-7,965 786,2M 2l3l+,820 Deferred availability itsms 1^72,932 123,512 275.,250'll7,109 176,929 213,023 137,760- 296,105 93,982 50,602 A9-,723 134,029 Other liabilities including accrued dividends 13 -529 709 1,855 79. 1,25r3P 629 5i>7 2,355 567 551 >+,5n0 1,282 TOT^L LIABILITIES 144,013 4A 2A7-505 11,336,943 2650,o8i.i-^552.1,162 2799,743 2367,625 7259.552 1858,867 1096,851 1362A37 ii.4.90,0o0 ^/»7*i> Capital paid in 18I+A8 -10.900 61; ,700 13,9-3- 13,279 7,731+ 7,039 22,21+7 6,026 l4,0G<+ 6,120 6,731+ 17,072 Surplus (section 7) llo,360 23,9A 33,7A 15,595 14,450 55,029 12,939 8,869 ll*,391 10,670 28,921+ Surplus (Section 13b) Other capital accounts L 2 1 ? ' . I' ' 2 4 8 ' , 4 ,5 0 1 1 0 2 19 7 , , 4 2 0 0 6 5 6 U , , 9 5 8 Q 2 i - 8 1, , 9 6 0 5 7 2 2 6 ~2 > , 4 ~ '• ? • 9 < O 4 - A '- - 5,6 ? 6 6 5 2 12 1 , , 6 4 0 2 9 9 i I ; • . , 5 v :- ^ 4 2 £ 9 7 - 1 * 5 1 , , 4 07 8 3 9 a 1 .- ,1 or 3 > 7 A i+,>3o 1 2 0 'L , A A 2 TOTiiL LIABILITIES ^JSD a-.PiT.--X ACOOUiiTS i+1+,676,357 21+70,566 11,595,1114. 2705,036 5615,31+5 2852,94.0 2595,557 7348,666 1333,130 1114,286 1336,655 15AA47 5316,105 Contingent liability on bills.pur-j-b.ased for foreign correspondents ' 5,575 557 2/1,856 I+65 513 2b2 212 7l+7 139 159 - 132+ 178 1+66 Corjiiitments to make . inuustrial; ' : " 155 192 loans \ 3,531 — — 1,591 1,731 1+0 -r- 532 AQlp — 1+50 F. R.. notes outstanding 25,263,117 1512,556 5,716,236 1701,377-211+2,921+ 1323,1+70 ll+39,292 1+595,271 1132,335 593,979 936,221+ 657,523 2936,775 Collateral for F. R.. notes held by F. R. Agents: .. . Gold certificates 11,029.-000 1+30,000 3,4.764000 :-.505,000 635,000 700,000 595,000 2120,000 300,000 175,000 230,000 169,000 1650,000 Eligible paper 155.4-21 A,600 7i1.a5i4.-O 10,30.1 ' — 10,520 '. — --- ' 15,'200 14,2 00 : 11,060 2,500 U. S. Govt, securities ll+,365,335 1100,000,, 2,500,000 1200,000 1550,000 1150,000 900,000 2500,000 953,335 ;i;25,O00 700,000 500,000 1600,000 MATURITY DISTRIBUTION OF LOANS .1ND S AIIRIIIAS Within l6 to 31 to 6l to 91 days to 6 months 1 to 2 2 to 5 Over Total • -'-15 days • 50' days 60 days 90 days 6-months to 1 year years years 5 years Discounts and advances 376,089 225,061 103,335 32,003 5,635 5,000 --- '--'- Industrial loans 1,101+ 935 l 57 14 11 5 --7 31+ u. S. Govt., securities 23,5lA370 5,476,751 2,506,011 A535,961i. 6,315,092 1,570,756- 5,615*506 320,1+00 11+3,550 530,01+0 l/hfter. deducting sl+27 ,595,000 participations of other Federal Reserve. Banks. 2/ jifter deducting $3,717,000 participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis